DOS


	Shares		Value
AFFILIATED MUTUAL FUNDS - 100.1%

Pacific Funds Core Income ‘P’		490,254		$5,539,869
Pacific Funds High Income ‘P’		2,030,540		19,026,161
PF Inflation Managed Fund ‘P’		1,228,052		11,887,540
PF Managed Bond Fund ‘P’		7,173,174		83,424,008
PF Short Duration Bond Fund ‘P’		4,718,203		48,125,668
PF Emerging Markets Debt Fund ‘P’		1,082,708		8,932,342
PF Growth Fund ‘P’		84,190		2,853,204
PF Large-Cap Value Fund ‘P’		446,331		4,963,198
PF Multi-Asset Fund ‘P’		3,449,139		35,112,240
PF Small-Cap Growth Fund ‘P’		78,621		1,503,227
PF Small-Cap Value Fund ‘P’		214,625		1,352,139
PF Emerging Markets Fund ‘P’		428,064		4,995,504
PF International Small-Cap Fund ‘P’		160,250		1,379,755
PF Real Estate Fund ‘P’		111,413		1,284,597


Total Affiliated Mutual Funds (Cost $209,211,672)				230,379,452


TOTAL INVESTMENTS - 100.1% (Cost $209,211,672)				230,379,452

OTHER ASSETS & LIABILITIES, NET - (0.1%)				(118,495	)


NET ASSETS - 100.0%				$230,260,957

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of June 30, 2020:


	Shares		Value
AFFILIATED MUTUAL FUNDS - 100.1%

Pacific Funds Core Income ‘P’		627,329		$7,088,814
Pacific Funds High Income ‘P’		2,792,689		26,167,500
PF Inflation Managed Fund ‘P’		588,587		5,697,524
PF Managed Bond Fund ‘P’		8,124,586		94,488,938
PF Short Duration Bond Fund ‘P’		3,520,278		35,906,837
PF Emerging Markets Debt Fund ‘P’		1,617,849		13,347,252
PF Growth Fund ‘P’		355,421		12,045,208
PF Large-Cap Value Fund ‘P’		1,922,771		21,381,212
PF Multi-Asset Fund ‘P’		7,090,325		72,179,513
PF Small-Cap Growth Fund ‘P’		103,811		1,984,862
PF Small-Cap Value Fund ‘P’		283,063		1,783,298
PF Emerging Markets Fund ‘P’		1,133,764		13,231,020
PF International Large-Cap Fund ‘P’		287,603		3,014,075
PF International Small-Cap Fund ‘P’		211,448		1,820,567
PF International Value Fund ‘P’		424,804		2,523,337
PF Real Estate Fund ‘P’		294,022		3,390,073


Total Affiliated Mutual Funds (Cost $289,684,044)				316,050,030


TOTAL INVESTMENTS - 100.1% (Cost $289,684,044)				316,050,030

OTHER ASSETS & LIABILITIES, NET - (0.1%)				(309,674	)


NET ASSETS - 100.0%				$315,740,356

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of June 30, 2020:


	Shares		Value
AFFILIATED MUTUAL FUNDS - 100.1%

Pacific Funds Core Income ‘P’		1,295,705		$14,641,463
Pacific Funds Floating Rate Income ‘P’		483,065		4,502,163
Pacific Funds High Income ‘P’		5,460,905		51,168,685
PF Inflation Managed Fund ‘P’		440,893		4,267,842
PF Managed Bond Fund ‘P’		17,417,640		202,567,153
PF Short Duration Bond Fund ‘P’		6,032,656		61,533,093
PF Emerging Markets Debt Fund ‘P’		4,192,577		34,588,759
PF Growth Fund ‘P’		2,211,640		74,952,475
PF Large-Cap Value Fund ‘P’		6,823,722		75,879,788
PF Multi-Asset Fund ‘P’		35,269,800		359,046,570
PF Small-Cap Growth Fund ‘P’		311,307		5,952,183
PF Small-Cap Value Fund ‘P’		1,700,644		10,714,059
PF Emerging Markets Fund ‘P’		3,407,302		39,763,211
PF International Large-Cap Fund ‘P’		1,304,101		13,666,977
PF International Small-Cap Fund ‘P’		1,264,155		10,884,379
PF International Value Fund ‘P’		1,883,144		11,185,875
PF Real Estate Fund ‘P’		1,325,108		15,278,492


Total Affiliated Mutual Funds (Cost $869,551,543)				990,593,167


TOTAL INVESTMENTS - 100.1% (Cost $869,551,543)				990,593,167

OTHER ASSETS & LIABILITIES, NET - (0.1%)				(874,825	)


NET ASSETS - 100.0%				$989,718,342

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of June 30, 2020:


	Shares		Value
AFFILIATED MUTUAL FUNDS - 100.1%

Pacific Funds Core Income ‘P’		468,236		$5,291,064
Pacific Funds High Income ‘P’		2,589,225		24,261,035
PF Managed Bond Fund ‘P’		6,456,001		75,083,296
PF Short Duration Bond Fund ‘P’		1,518,345		15,487,119
PF Emerging Markets Debt Fund ‘P’		2,941,912		24,270,773
PF Growth Fund ‘P’		1,941,967		65,813,265
PF Large-Cap Value Fund ‘P’		4,936,042		54,888,782
PF Multi-Asset Fund ‘P’		36,253,165		369,057,222
PF Small-Cap Growth Fund ‘P’		463,108		8,854,622
PF Small-Cap Value Fund ‘P’		1,900,756		11,974,765
PF Emerging Markets Fund ‘P’		3,489,918		40,727,341
PF International Large-Cap Fund ‘P’		1,986,285		20,816,266
PF International Small-Cap Fund ‘P’		1,410,503		12,144,430
PF International Value Fund ‘P’		2,871,112		17,054,405
PF Real Estate Fund ‘P’		1,655,284		19,085,428


Total Affiliated Mutual Funds (Cost $672,995,579)				764,809,813


TOTAL INVESTMENTS - 100.1% (Cost $672,995,579)				764,809,813

OTHER ASSETS & LIABILITIES, NET - (0.1%)				(893,527	)


NET ASSETS - 100.0%				$763,916,286

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of June 30, 2020:


	Shares		Value
AFFILIATED MUTUAL FUNDS - 100.1%

Pacific Funds Core Income ‘P’		20,746		$234,435
Pacific Funds High Income ‘P’		262,229		2,457,086
PF Managed Bond Fund ‘P’		218,042		2,535,828
PF Short Duration Bond Fund ‘P’		276,825		2,823,620
PF Emerging Markets Debt Fund ‘P’		298,019		2,458,654
PF Growth Fund ‘P’		1,271,954		43,106,527
PF Large-Cap Value Fund ‘P’		2,142,015		23,819,204
PF Multi-Asset Fund ‘P’		13,839,643		140,887,562
PF Small-Cap Growth Fund ‘P’		245,780		4,699,315
PF Small-Cap Value Fund ‘P’		1,130,817		7,124,145
PF Emerging Markets Fund ‘P’		1,349,572		15,749,512
PF International Large-Cap Fund ‘P’		972,663		10,193,507
PF International Small-Cap Fund ‘P’		671,848		5,784,609
PF International Value Fund ‘P’		1,497,163		8,893,149
PF Real Estate Fund ‘P’		708,397		8,167,815


Total Affiliated Mutual Funds (Cost $237,909,302)				278,934,968


TOTAL INVESTMENTS - 100.1% (Cost $237,909,302)				278,934,968

OTHER ASSETS & LIABILITIES, NET - (0.1%)				(169,605	)


NET ASSETS - 100.0%				$278,765,363

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of June 30, 2020:


	Principal Amount		Value
CORPORATE BONDS & NOTES - 59.2%

Basic Materials - 0.6%

Barminco Finance Pty Ltd (Australia) 6.625% due 05/15/22 ~		$75,000		$74,297
Nutrien Ltd (Canada) 1.900% due 05/13/23		100,000		103,267

				177,564

Communications - 4.7%

AT&T Inc 2.169% (USD LIBOR + 0.950%) due 07/15/21 §		400,000		403,322
Sprint Spectrum Co LLC 3.360% due 03/20/23 ~		633,125		641,827
Verizon Communications Inc 1.321% (USD LIBOR + 1.000%) due 03/16/22 §		375,000		380,104

				1,425,253

Consumer, Cyclical - 5.8%

British Airways Pass-Through Trust ‘A’ (United Kingdom)
3.350% due 12/15/30 ~		99,585		82,538
4.625% due 12/20/25 ~		85,580		79,794
General Motors Financial Co Inc 1.618% (USD LIBOR + 1.310%) due 06/30/22 §		200,000		196,029
Harley-Davidson Financial Services Inc 3.550% due 05/21/21 ~		200,000		203,151
Hasbro Inc
2.600% due 11/19/22		200,000		207,092
3.150% due 05/15/21		100,000		101,540
Hyatt Hotels Corp 3.375% due 07/15/23		100,000		100,935
Marriott International Inc 0.968% (USD LIBOR + 0.650%) due 03/08/21 §		250,000		247,623
McDonald’s Corp 1.317% (USD LIBOR + 0.430%) due 10/28/21 §		150,000		150,369
Starbucks Corp 1.300% due 05/07/22		150,000		152,100
Toyota Motor Credit Corp 2.900% due 03/30/23		200,000		212,146

				1,733,317

Consumer, Non-Cyclical - 7.2%

AbbVie Inc 2.150% due 11/19/21 ~		450,000		458,445
Cigna Corp 0.949% (USD LIBOR + 0.650%) due 09/17/21 §		375,000		375,018
CVS Health Corp 1.033% (USD LIBOR + 0.720%) due 03/09/21 §		125,000		125,488
General Mills Inc 1.716% (USD LIBOR + 0.540%) due 04/16/21 §		350,000		350,766
Imperial Brands Finance PLC (United Kingdom) 2.950% due 07/21/20 ~		200,000		200,196
Mondelez International Inc 0.625% due 07/01/22		500,000		499,930


	Principal Amount		Value
Upjohn Inc 1.125% due 06/22/22 ~		$150,000		$150,879

				2,160,722

Energy - 3.6%

Exxon Mobil Corp 0.716% (USD LIBOR + 0.330%) due 08/16/22 §		250,000		250,654
Kinder Morgan Inc 5.000% due 02/15/21 ~		200,000		204,326
MPLX LP 1.213% (USD LIBOR + 0.900%) due 09/09/21 §		150,000		148,844
Occidental Petroleum Corp 1.398% (USD LIBOR + 0.950%) due 02/08/21 §		500,000		492,627

				1,096,451

Financial - 26.8%

AIG Global Funding due 07/07/23 # ~		150,000		150,122
American Express Credit Corp 1.037% (USD LIBOR + 0.700%) due 03/03/22 §		103,000		103,425
Bank of America Corp
0.947% (USD LIBOR + 0.650%) due 06/25/22 §		250,000		250,196
1.423% (USD LIBOR + 0.380%) due 01/23/22 §		100,000		99,750
2.555% (USD LIBOR + 1.420%) due 04/19/21 §		250,000		252,646
Capital One NA 2.150% due 09/06/22		250,000		256,932
Citigroup Inc
1.951% (USD LIBOR + 0.960%) due 04/25/22 §		350,000		352,009
2.750% due 04/25/22		250,000		259,234
Fifth Third Bank NA 1.327% (USD LIBOR + 0.640%) due 02/01/22 §		200,000		200,914
Host Hotels & Resorts LP REIT 3.750% due 10/15/23		200,000		204,360
HSBC Holdings PLC (United Kingdom) 1.804% (USD LIBOR + 1.500%) due 01/05/22 §		200,000		202,905
Jackson National Life Global Funding 1.036% (USD LIBOR + 0.730%) due 06/27/22 § ~		250,000		251,295
JPMorgan Chase & Co
0.918% (USD LIBOR + 0.610%) due 06/18/22 §		500,000		500,866
3.250% due 09/23/22		250,000		264,688
Lloyds Banking Group PLC (United Kingdom) 1.326% due 06/15/23		200,000		201,249
Mitsubishi UFJ Financial Group Inc (Japan) 1.278% (USD LIBOR + 0.920%) due 02/22/22 §		350,000		352,229
Morgan Stanley
2.315% (USD LIBOR + 1.180%) due 01/20/22 §		425,000		426,770
2.420% (USD LIBOR + 1.400%) due 10/24/23 §		250,000		252,695
New York Life Global Funding 1.751% (USD LIBOR + 0.440%) due 07/12/22 § ~		400,000		401,891


	Principal Amount		Value
Piedmont Operating Partnership LP REIT 3.400% due 06/01/23		$200,000		$203,328
PNC Bank NA
0.685% (USD LIBOR + 0.325%) due 02/24/23 §		250,000		249,846
1.548% (USD LIBOR + 0.450%) due 07/22/22 §		250,000		250,593
Reliance Standard Life Global Funding II 2.150% due 01/21/23 ~		150,000		153,091
Royal Bank of Canada (Canada) 1.417% (USD LIBOR + 0.730%) due 02/01/22 §		400,000		403,020
State Street Corp 2.825% due 03/30/23 ~		250,000		259,562
Sumitomo Mitsui Financial Group Inc (Japan) 1.053% (USD LIBOR + 0.780%) due 07/12/22 §		450,000		451,106
The Goldman Sachs Group Inc 1.110% (USD LIBOR + 0.750%) due 02/23/23 §		250,000		248,923
Truist Bank 0.825% (SOFR + 0.730%) due 03/09/23 §		250,000		248,631
UBS AG (Switzerland) 1.750% due 04/21/22 ~		300,000		305,742
UBS Group AG (Switzerland) 2.217% (USD LIBOR + 1.530%) due 02/01/22 § ~		200,000		203,726
Wells Fargo & Co 3.450% due 02/13/23		100,000		106,319

				8,068,063

Industrial - 3.8%

Carrier Global Corp 1.923% due 02/15/23 ~		250,000		255,220
Otis Worldwide Corp 0.754% (USD LIBOR + 0.450%) due 04/05/23 § ~		200,000		197,883
Penske Truck Leasing Co Lp 3.650% due 07/29/21 ~		155,000		158,714
Roper Technologies Inc 3.650% due 09/15/23		250,000		271,942
The Boeing Co 4.508% due 05/01/23		250,000		264,148

				1,147,907

Technology - 4.0%

Broadcom Inc 3.125% due 10/15/22 ~		150,000		156,376
Dell International LLC
4.000% due 07/15/24 ~		200,000		215,828
4.420% due 06/15/21 ~		100,000		102,795
Hewlett Packard Enterprise Co 0.998% (USD LIBOR + 0.680%) due 03/12/21 §		250,000		249,879
Leidos Inc 2.950% due 05/15/23 ~		100,000		104,607
Micron Technology Inc 2.497% due 04/24/23		350,000		363,760

				1,193,245


	Principal Amount		Value
Utilities - 2.7%

DTE Energy Co 2.250% due 11/01/22		$500,000		$516,604
Pacific Gas and Electric Co 1.750% due 06/16/22		300,000		301,218

				817,822


Total Corporate Bonds & Notes (Cost $17,717,089)				17,820,344


SENIOR LOAN NOTES - 2.6%

Consumer, Cyclical - 0.8%

SeaWorld Parks & Entertainment Inc Term B-5 3.750% (USD LIBOR + 3.000%) due 03/31/24 §		246,811		220,691


Financial - 0.4%

Avolon (US) LLC Term B-3 (Ireland) 2.500% (USD LIBOR + 1.750%) due 01/15/25 §		138,642		129,655


Industrial - 1.4%

GFL Environmental Inc Term B (Canada) 4.000% (USD LIBOR + 3.000%) due 05/31/25 §		197,820		192,792
Reynolds Group Holdings Inc Term B 2.928% (USD LIBOR + 2.750%) due 02/05/23 §		246,798		236,124

				428,916


Total Senior Loan Notes (Cost $827,650)				779,262


ASSET-BACKED SECURITIES - 23.6%

AIMCO CLO (Cayman) 2.069% (USD LIBOR + 0.850%) due 01/15/28 § ~		396,889		391,949
AmeriCredit Automobile Receivables Trust
1.100% due 03/20/23		500,000		501,599
1.480% due 01/21/25		250,000		250,400
1.900% due 03/18/22		23,399		23,416
2.040% due 07/18/22		171,249		171,717
2.240% due 06/19/23		200,000		201,101
3.260% due 01/18/24		155,000		158,770
Benefit Street Partners CLO VI Ltd (Cayman) 2.375% (USD LIBOR + 1.240%) due 10/18/29 § ~		250,000		246,452
Dryden 43 Senior Loan CLO Fund (Cayman) 2.275% (USD LIBOR + 1.140%) due 07/20/29 § ~		250,000		246,978
Ford Credit Auto Owner Trust
0.500% due 02/15/23		250,000		250,151
1.030% due 10/15/22		100,000		100,457
1.880% due 07/15/22		242,653		244,262


	Principal Amount		Value
Hilton Grand Vacations Trust ‘A’ 2.740% due 02/25/39 ~		$97,358		$98,444
Magnetite VIII CLO Ltd (Cayman) 2.199% (USD LIBOR + 0.980%) due 04/15/31 § ~		215,000		209,712
Navient Private Education Refi Loan Trust
0.535% (USD LIBOR + 0.350%) due 11/15/68 § ~		71,116		70,878
2.180% due 08/15/68 ~		137,285		138,083
Navient Student Loan Trust
0.565% (USD LIBOR + 0.380%) due 03/25/67 § ~		168,782		167,861
0.585% (USD LIBOR + 0.400%) due 12/15/59 § ~		233,461		232,652
Palmer Square CLO Ltd ‘A1A’ (Cayman) 2.276% (USD LIBOR + 1.100%) due 07/16/31 § ~		250,000		243,364
Palmer Square Loan Funding CLO Ltd (Cayman)
1.177% (USD LIBOR + 0.800%) due 02/20/28 § ~		246,041		242,444
1.869% (USD LIBOR + 0.650%) due 07/15/26 § ~		112,438		111,594
1.920% (USD LIBOR + 0.900%) due 10/24/27 § ~		217,031		214,837
2.185% (USD LIBOR + 1.050%) due 04/20/27 § ~		213,829		212,696
Santander Drive Auto Receivables Trust
2.280% due 02/15/22		106,903		107,083
2.460% due 03/15/22		18,099		18,119
2.790% due 01/16/24		100,000		101,584
3.000% due 12/15/22		161,788		162,074
3.290% due 10/17/22		74,834		74,916
3.510% due 08/15/23		219,000		221,950
SLC Student Loan Trust 0.423% (USD LIBOR + 0.110%) due 03/15/27 §		44,045		43,924
SLM Student Loan Trust 1.081% (USD LIBOR + 0.090%) due 01/26/26 §		83,684		83,196
SMB Private Education Loan Trust
2.340% due 09/15/34 ~		166,700		169,488
2.700% due 05/15/31 ~		245,035		250,884
3.050% due 05/15/26 ~		181,266		183,009
Sofi Consumer Loan Program Trust ‘A’ 2.450% due 08/25/28 ~		151,144		152,873
Sofi Professional Loan Program LLC ‘A1FX’
2.060% due 05/15/46 ~		126,095		127,347
2.130% due 11/16/48 ~		56,913		57,311
Toyota Auto Receivables Owner Trust 1.780% due 11/15/21		47,190		47,349
Verizon Owner Trust
1.920% due 12/20/21 ~		26,460		26,485
2.060% due 04/20/22 ~		56,229		56,486


	Principal Amount		Value
Voya CLO Ltd (Cayman)
2.035% (USD LIBOR + 0.900%) due 01/18/29 § ~		$250,000		$246,225
2.349% (USD LIBOR + 1.130%) due 10/15/30 § ~		250,000		245,866


Total Asset-Backed Securities (Cost $7,121,549)				7,105,986


U.S. TREASURY OBLIGATIONS - 0.8%

U.S. Treasury Notes - 0.8%

1.375% due 08/31/20		250,000		250,499


Total U.S. Treasury Obligations (Cost $249,866)				250,499


	Shares
SHORT-TERM INVESTMENTS - 29.3%

Money Market Fund - 19.3%

BlackRock Liquidity Funds T-Fund Portfolio ‘Institutional’ 0.110%		5,826,684		5,826,684


	Principal Amount
U.S. Treasury Bills - 10.0%

0.120% due 07/28/20		$1,000,000		999,908
0.136% due 10/01/20		1,000,000		999,655
0.161% due 12/31/20		1,000,000		999,187

				2,998,750


Total Short-Term Investments (Cost $8,825,457)				8,825,434


TOTAL INVESTMENTS - 115.5% (Cost $34,741,611)				34,781,525

OTHER ASSETS & LIABILITIES, NET - (15.5%)				(4,655,861	)


NET ASSETS - 100.0%				$30,125,664

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of June 30, 2020:


	Principal Amount		Value
CORPORATE BONDS & NOTES - 62.0%

Basic Materials - 2.8%

Anglo American Capital PLC (South Africa)
3.750% due 04/10/22 ~		$5,000,000		$5,145,836
5.375% due 04/01/25 ~		3,000,000		3,391,868
Barminco Finance Pty Ltd (Australia) 6.625% due 05/15/22 ~		1,220,000		1,208,563
DuPont de Nemours Inc 1.502% (USD LIBOR + 1.110%) due 11/15/23 §		6,965,000		6,989,711
Georgia-Pacific LLC 1.750% due 09/30/25 ~		5,500,000		5,678,173
Glencore Funding LLC (Australia)
3.000% due 10/27/22 ~		3,000,000		3,098,970
4.125% due 03/12/24 ~		2,500,000		2,682,540
Nutrien Ltd (Canada) 1.900% due 05/13/23		1,150,000		1,187,575

				29,383,236

Communications - 2.3%

AT&T Inc 3.200% due 03/01/22		3,000,000		3,131,214
Charter Communications Operating LLC
4.464% due 07/23/22		1,600,000		1,706,509
4.500% due 02/01/24		5,000,000		5,535,676
eBay Inc 1.900% due 03/11/25		2,500,000		2,584,417
Sprint Spectrum Co LLC 3.360% due 03/20/23 ~		6,046,875		6,129,989
T-Mobile USA Inc 3.500% due 04/15/25 ~		2,000,000		2,183,790
Tencent Holdings Ltd (China) 1.810% due 01/26/26 ~		3,500,000		3,548,497

				24,820,092

Consumer, Cyclical - 7.4%

Alimentation Couche-Tard Inc (Canada) 2.700% due 07/26/22 ~		3,000,000		3,073,478
American Airlines Pass-Through Trust ‘A’ 4.000% due 01/15/27		901,451		691,665
British Airways Pass-Through Trust ‘A’ (United Kingdom)
3.350% due 12/15/30 ~		3,385,900		2,806,279
4.625% due 12/20/25 ~		2,344,901		2,186,342
Daimler Finance North America LLC (Germany)
2.300% due 02/12/21 ~		4,000,000		4,028,071
3.750% due 11/05/21 ~		2,100,000		2,172,000
Delta Air Lines Inc
2.600% due 12/04/20		3,050,000		3,016,395
7.375% due 01/15/26		1,000,000		968,475
Delta Air Lines Pass-Through Trust ‘AA’ 3.204% due 10/25/25		4,500,000		4,510,383
DR Horton Inc 2.500% due 10/15/24		4,500,000		4,702,857
Ford Motor Co 8.500% due 04/21/23		1,200,000		1,271,250
Ford Motor Credit Co LLC
1.227% (USD LIBOR + 0.930%) due 09/24/20 §		2,000,000		1,984,048
5.584% due 03/18/24		1,300,000		1,315,294
General Motors Co 5.400% due 10/02/23		2,000,000		2,168,176


	Principal Amount		Value
General Motors Financial Co Inc
1.618% (USD LIBOR + 1.310%) due 06/30/22 §		$2,745,000		$2,690,503
3.550% due 07/08/22		3,000,000		3,077,104
Harley-Davidson Financial Services Inc
3.350% due 06/08/25 ~		2,000,000		2,046,194
3.550% due 05/21/21 ~		300,000		304,726
Hyatt Hotels Corp 3.375% due 07/15/23		6,234,000		6,292,309
Hyundai Capital America 3.750% due 07/08/21 ~		2,100,000		2,140,316
Las Vegas Sands Corp
2.900% due 06/25/25		2,900,000		2,817,751
3.200% due 08/08/24		5,000,000		4,981,400
Lennar Corp 4.500% due 04/30/24		5,000,000		5,211,975
Marriott International Inc
3.600% due 04/15/24		2,000,000		2,012,013
5.750% due 05/01/25		2,200,000		2,400,108
NIKE Inc 2.400% due 03/27/25		2,500,000		2,690,409
Nordstrom Inc 8.750% due 05/15/25 ~		400,000		430,811
Ralph Lauren Corp 1.700% due 06/15/22		2,250,000		2,289,862
Sands China Ltd (Macau)
3.800% due 01/08/26 ~		1,500,000		1,548,765
4.600% due 08/08/23		1,200,000		1,266,360
United Airlines Pass-Through Trust ‘B’
3.650% due 07/07/27		621,528		460,975
4.625% due 03/03/24		580,877		512,722
4.750% due 10/11/23		408,768		363,451
US Airways Pass-Through Trust ‘A’ 3.950% due 05/15/27		616,761		511,016

				78,943,483

Consumer, Non-Cyclical - 9.8%

AbbVie Inc
2.300% due 11/21/22 ~		2,000,000		2,068,339
2.950% due 11/21/26 ~		2,500,000		2,737,886
Anheuser-Busch InBev Worldwide Inc (Belgium)
3.500% due 01/12/24		5,350,000		5,834,899
4.150% due 01/23/25		2,000,000		2,270,843
Anthem Inc 2.375% due 01/15/25		4,150,000		4,400,892
BAT Capital Corp (United Kingdom)
1.014% (USD LIBOR + 0.590%) due 08/14/20 §		2,400,000		2,400,228
2.764% due 08/15/22		4,500,000		4,662,352
BAT International Finance PLC (United Kingdom) 3.250% due 06/07/22 ~		2,640,000		2,751,237
Campbell Soup Co 3.650% due 03/15/23		3,676,000		3,923,340
Cigna Corp
2.109% (USD LIBOR + 0.890%) due 07/15/23 §		2,300,000		2,312,648
3.200% due 09/17/20		4,000,000		4,022,521
Diageo Capital PLC (United Kingdom) 1.375% due 09/29/25		2,500,000		2,545,300
General Mills Inc 2.145% (USD LIBOR + 1.010%) due 10/17/23 §		3,100,000		3,117,099
Global Payments Inc 2.650% due 02/15/25		6,000,000		6,376,198
Humana Inc 3.850% due 10/01/24		2,000,000		2,198,501


	Principal Amount		Value
Kellogg Co 2.650% due 12/01/23		$3,000,000		$3,182,358
Keurig Dr Pepper Inc
3.130% due 12/15/23		4,500,000		4,840,921
4.057% due 05/25/23		3,000,000		3,274,294
4.417% due 05/25/25		1,000,000		1,153,792
Laboratory Corp of America Holdings 2.300% due 12/01/24		2,550,000		2,686,645
Mars Inc 2.700% due 04/01/25 ~		2,150,000		2,304,303
McKesson Corp 3.650% due 11/30/20		2,350,000		2,380,402
Mondelez International Inc 1.500% due 05/04/25		2,000,000		2,040,619
Moody’s Corp 2.625% due 01/15/23		3,000,000		3,141,907
PayPal Holdings Inc
1.350% due 06/01/23		3,950,000		4,035,043
2.200% due 09/26/22		5,000,000		5,177,513
Quest Diagnostics Inc 3.500% due 03/30/25		2,290,000		2,519,844
Suntory Holdings Ltd (Japan) 2.250% due 10/16/24 ~		4,200,000		4,377,051
Takeda Pharmaceutical Co Ltd (Japan) 4.000% due 11/26/21		3,500,000		3,654,854
Teva Pharmaceutical Finance Netherlands III BV (Israel) 2.200% due 07/21/21		1,166,000		1,144,913
UnitedHealth Group Inc 1.250% due 01/15/26		2,000,000		2,038,642
Upjohn Inc
1.125% due 06/22/22 ~		3,250,000		3,269,040
1.650% due 06/22/25 ~		900,000		918,586

				103,763,010

Energy - 1.8%

Energy Transfer Operating LP
3.600% due 02/01/23		5,325,000		5,510,709
4.250% due 03/15/23		1,500,000		1,585,236
Kinder Morgan Inc 5.625% due 11/15/23 ~		2,355,000		2,661,761
MPLX LP 3.500% due 12/01/22		6,900,000		7,193,169
ONEOK Inc 2.200% due 09/15/25		2,000,000		1,965,358

				18,916,233

Financial - 23.8%

AerCap Ireland Capital DAC (Ireland)
due 09/15/23 #		3,000,000		3,002,566
due 07/15/25 #		800,000		838,990
AIG Global Funding 0.800% due 07/07/23 ~		2,600,000		2,602,108
Air Lease Corp
3.375% due 07/01/25		1,200,000		1,201,060
3.875% due 04/01/21		1,050,000		1,056,181
American International Group Inc 2.500% due 06/30/25		2,500,000		2,648,286
AvalonBay Communities Inc REIT
2.850% due 03/15/23		1,970,000		2,050,844
3.500% due 11/15/24		2,000,000		2,187,800
Avolon Holdings Funding Ltd (Ireland) 3.625% due 05/01/22 ~		4,150,000		3,913,795


	Principal Amount		Value
Banco Santander SA (Spain) 2.746% due 05/28/25		$3,000,000		$3,111,024
Bank of America Corp
1.311% (USD LIBOR + 0.770%) due 02/05/26 §		500,000		493,801
2.003% (USD LIBOR + 0.960%) due 07/23/24 §		5,000,000		5,013,853
2.328% due 10/01/21		2,450,000		2,460,195
3.300% due 01/11/23		3,000,000		3,195,809
4.200% due 08/26/24		2,000,000		2,220,574
BOC Aviation Ltd (Singapore) 2.750% due 09/18/22 ~		3,500,000		3,525,606
Canadian Imperial Bank of Commerce (Canada) 0.898% (SOFR + 0.800%) due 03/17/23 §		1,400,000		1,392,523
Capital One Financial Corp 2.600% due 05/11/23		2,800,000		2,925,879
CC Holdings GS V LLC REIT 3.849% due 04/15/23		2,400,000		2,594,137
Citibank NA 1.435% (USD LIBOR + 0.300%) due 10/20/20 §		1,000,000		1,000,811
Citigroup Inc
0.948% (SOFR + 0.870%) due 11/04/22 §		5,000,000		4,986,724
3.300% due 04/27/25		2,000,000		2,197,844
4.000% due 08/05/24		2,000,000		2,182,137
Citizens Bank NA
1.256% (USD LIBOR + 0.950%) due 03/29/23 §		2,000,000		2,003,389
3.250% due 02/14/22		2,500,000		2,590,257
Cooperatieve Rabobank UA (Netherlands)
0.753% (USD LIBOR + 0.480%) due 01/10/23 §		3,000,000		3,001,440
1.144% (USD LIBOR + 0.860%) due 09/26/23 § ~		1,500,000		1,497,013
Credit Suisse AG (Switzerland) 1.000% due 05/05/23		3,500,000		3,520,706
Credit Suisse Group AG (Switzerland) 1.513% (USD LIBOR + 1.200%) due 12/14/23 § ~		3,000,000		3,002,870
Crown Castle International Corp REIT
2.250% due 09/01/21		3,000,000		3,025,761
4.875% due 04/15/22		2,000,000		2,137,566
Equinix Inc REIT
1.250% due 07/15/25		3,000,000		3,014,250
2.625% due 11/18/24		2,300,000		2,453,180
Fifth Third Bancorp 2.375% due 01/28/25		4,000,000		4,221,698
Healthcare Trust of America Holdings LP REIT 3.700% due 04/15/23		4,000,000		4,187,745
Host Hotels & Resorts LP REIT 3.750% due 10/15/23		3,800,000		3,882,840
Jackson National Life Global Funding
2.650% due 06/21/24 ~		5,000,000		5,259,898
3.300% due 02/01/22 ~		4,350,000		4,522,693
JPMorgan Chase & Co
1.773% (USD LIBOR + 0.730%) due 04/23/24 §		4,000,000		3,986,344
1.891% (USD LIBOR + 0.900%) due 04/25/23 §		3,450,000		3,463,213
2.700% due 05/18/23		5,000,000		5,272,156
Lloyds Banking Group PLC (United Kingdom) 1.326% due 06/15/23		3,000,000		3,018,738
Metropolitan Life Global Funding I 2.400% due 06/17/22 ~		3,750,000		3,889,832


	Principal Amount		Value
Mid-America Apartments LP REIT 4.300% due 10/15/23		$2,000,000		$2,197,891
Mitsubishi UFJ Financial Group Inc (Japan)
1.851% (USD LIBOR + 0.860%) due 07/26/23 §		2,000,000		1,994,475
2.623% due 07/18/22		1,750,000		1,817,288
2.665% due 07/25/22		3,000,000		3,118,178
3.218% due 03/07/22		2,150,000		2,241,545
Morgan Stanley
0.927% (SOFR + 0.830%) due 06/10/22 §		2,500,000		2,500,262
2.028% (USD LIBOR + 0.930%) due 07/22/22 §		5,000,000		5,026,338
2.315% (USD LIBOR + 1.180%) due 01/20/22 §		1,000,000		1,004,165
2.420% (USD LIBOR + 1.400%) due 10/24/23 §		1,500,000		1,516,172
2.625% due 11/17/21		2,000,000		2,055,374
5.750% due 01/25/21		2,000,000		2,059,954
Park Aerospace Holdings Ltd (Ireland) 3.625% due 03/15/21 ~		242,000		238,889
Piedmont Operating Partnership LP REIT 3.400% due 06/01/23		3,800,000		3,863,223
PNC Bank NA
0.685% (USD LIBOR + 0.325%) due 02/24/23 §		6,400,000		6,396,059
1.548% (USD LIBOR + 0.450%) due 07/22/22 §		2,500,000		2,505,930
Prudential Financial Inc 1.500% due 03/10/26		1,750,000		1,789,324
Reliance Standard Life Global Funding II 2.150% due 01/21/23 ~		2,000,000		2,041,209
Royal Bank of Canada (Canada)
0.964% (USD LIBOR + 0.660%) due 10/05/23 §		2,000,000		2,004,211
2.250% due 11/01/24		5,000,000		5,270,356
Springleaf Finance Corp 6.125% due 03/15/24		5,200,000		5,295,186
Sumitomo Mitsui Financial Group Inc (Japan)
due 07/08/25 #		7,000,000		7,007,134
1.875% (USD LIBOR + 0.740%) due 01/17/23 §		5,000,000		4,985,132
2.348% due 01/15/25		2,500,000		2,613,911
2.448% due 09/27/24		600,000		630,385
2.784% due 07/12/22		3,250,000		3,386,909
The Goldman Sachs Group Inc
1.377% (USD LIBOR + 1.050%) due 06/05/23 §		3,750,000		3,757,338
1.540% (USD LIBOR + 0.780%) due 10/31/22 §		2,000,000		1,999,820
1.562% (USD LIBOR + 1.170%) due 05/15/26 §		3,200,000		3,178,410
2.350% due 11/15/21		2,000,000		2,012,940
The PNC Financial Services Group Inc
2.200% due 11/01/24		5,000,000		5,306,713
3.900% due 04/29/24		2,155,000		2,379,746
Truist Bank
0.825% (SOFR + 0.730%) due 03/09/23 §		2,000,000		1,989,047
3.525% due 10/26/21		4,200,000		4,240,415
US Bank NA 3.000% due 02/04/21		3,300,000		3,344,370
Ventas Realty LP REIT 2.650% due 01/15/25		4,000,000		4,016,658
VICI Properties LP REIT 3.500% due 02/15/25 ~		1,050,000		989,462


	Principal Amount		Value
Wells Fargo & Co
1.654% due 06/02/24		$9,000,000		$9,149,650
2.625% due 07/22/22		4,400,000		4,585,987
3.069% due 01/24/23		2,000,000		2,072,128
Willis North America Inc 3.600% due 05/15/24		1,608,000		1,741,228
Zions Bancorp NA 3.350% due 03/04/22		3,000,000		3,067,217

				252,144,765

Industrial - 4.0%

Carrier Global Corp
1.923% due 02/15/23 ~		5,800,000		5,921,093
2.242% due 02/15/25 ~		3,000,000		3,079,154
Masco Corp 3.500% due 04/01/21		2,811,000		2,849,937
Norbord Inc (Canada) 6.250% due 04/15/23 ~		1,005,000		1,063,938
Otis Worldwide Corp
0.754% (USD LIBOR + 0.450%) due 04/05/23 § ~		1,500,000		1,484,120
2.056% due 04/05/25 ~		2,500,000		2,622,875
Penske Truck Leasing Co LP
2.700% due 03/14/23 ~		1,000,000		1,024,229
2.700% due 11/01/24 ~		3,250,000		3,347,674
3.450% due 07/01/24 ~		2,300,000		2,435,860
4.125% due 08/01/23 ~		2,000,000		2,137,560
Raytheon Technologies Corp 3.650% due 08/16/23		102,000		110,480
Reynolds Group Issuer Inc 4.719% (USD LIBOR + 3.500%) due 07/15/21 § ~		2,500,000		2,488,287
Roper Technologies Inc 3.650% due 09/15/23		5,000,000		5,438,833
Ryder System Inc 2.500% due 09/01/24		2,000,000		2,065,257
The Boeing Co
4.508% due 05/01/23		1,250,000		1,320,742
4.875% due 05/01/25		3,825,000		4,169,297
Westinghouse Air Brake Technologies Corp 3.200% due 06/15/25		1,200,000		1,226,419

				42,785,755

Technology - 4.4%

Broadcom Corp
2.650% due 01/15/23		3,500,000		3,633,272
3.125% due 10/15/22 ~		2,500,000		2,606,264
3.625% due 10/15/24 ~		5,000,000		5,436,664
Dell International LLC 4.000% due 07/15/24 ~		5,100,000		5,503,621
HP Inc 2.200% due 06/17/25		5,000,000		5,173,083
Infor Inc 1.450% due 07/15/23 ~		3,000,000		3,027,015
Intuit Inc 0.650% due 07/15/23		1,650,000		1,654,208
Leidos Inc 2.950% due 05/15/23 ~		1,400,000		1,464,505
Micron Technology Inc 2.497% due 04/24/23		8,200,000		8,522,383
NXP BV (Netherlands) 2.700% due 05/01/25 ~		3,300,000		3,471,898
Oracle Corp 2.500% due 04/01/25		2,050,000		2,207,303


	Principal Amount		Value
VMware Inc 4.500% due 05/15/25		$3,450,000		$3,778,709

				46,478,925

Utilities - 5.7%

Avangrid Inc 3.200% due 04/15/25		2,700,000		2,953,750
Dominion Energy Gas Holdings LLC 2.500% due 11/15/24		2,550,000		2,691,558
Dominion Energy Inc 3.071% due 08/15/24		2,280,000		2,450,689
DPL Inc 4.125% due 07/01/25 ~		600,000		601,668
DTE Energy Co
2.250% due 11/01/22		1,600,000		1,653,134
2.600% due 06/15/22		2,400,000		2,475,625
Duke Energy Corp
0.965% (USD LIBOR + 0.650%) due 03/11/22 §		1,000,000		999,437
2.400% due 08/15/22		2,150,000		2,231,588
Edison International 4.950% due 04/15/25		2,000,000		2,201,491
Evergy Inc 2.450% due 09/15/24		4,350,000		4,601,218
FirstEnergy Corp 2.850% due 07/15/22		3,800,000		3,943,835
NextEra Energy Operating Partners LP 4.250% due 07/15/24 ~		5,875,000		5,952,726
NRG Energy Inc 3.750% due 06/15/24 ~		4,104,000		4,340,475
Pacific Gas and Electric Co 1.750% due 06/16/22		7,200,000		7,229,232
Sempra Energy 1.719% (USD LIBOR + 0.500%) due 01/15/21 §		5,000,000		5,000,913
The AES Corp 3.300% due 07/15/25 ~		3,650,000		3,765,650
Vistra Operations Co LLC 3.550% due 07/15/24 ~		7,000,000		7,229,110

				60,322,099


Total Corporate Bonds & Notes (Cost $643,286,246)				657,557,598


SENIOR LOAN NOTES - 8.8%

Communications - 0.3%

CSC Holdings LLC Term B-5 2.685% (USD LIBOR + 2.500%) due 04/15/27 §		1,995,000		1,902,232
T-Mobile USA Inc Term B 3.178% (USD LIBOR + 3.000%) due 04/01/27 §		1,500,000		1,500,000

				3,402,232

Consumer, Cyclical - 1.4%

ClubCorp Holdings Inc Term B 3.058% (USD LIBOR + 2.750%) due 09/18/24 §		1,986,177		1,694,209
Golden Nugget LLC Term B 3.454% (USD LIBOR + 2.500%) due 10/04/23 §		795,539		659,104


	Principal Amount		Value
Marriott Ownership Resorts Inc Term B 1.928% (USD LIBOR + 1.750%) due 08/31/25 §		$2,061,388		$1,937,705
Restaurant Brands International Inc Term B (Canada) 1.928% (USD LIBOR + 1.750%) due 11/19/26 §		3,960,837		3,765,766
SeaWorld Parks & Entertainment Inc Term B-5 3.750% (USD LIBOR + 3.000%) due 03/31/24 §		3,419,237		3,057,369
SRS Distribution Inc Term B 4.322% (USD LIBOR + 3.250%) due 05/24/25 §		3,792,386		3,602,766

				14,716,919

Consumer, Non-Cyclical - 1.8%

AlixPartners LLP Term B due 04/04/24 ¥		1,448,258		1,401,551
Bausch Health Americas Inc Term B 3.190% (USD LIBOR + 3.000%) due 06/01/25 §		5,041,304		4,901,882
Froneri US Inc Term B (United Kingdom) 2.428% (USD LIBOR + 2.250%) due 01/31/27 §		1,380,000		1,302,951
Pathway Vet Alliance LLC due 03/31/27 ¥		1,849,324		1,803,668
Refinitiv US Holdings Inc Term B due 10/01/25 ¥		3,989,873		3,908,580
Sunshine Luxembourg VII SARL Term B (Luxembourg) 5.322% (USD LIBOR + 4.250%) due 10/02/26 §		2,238,750		2,146,802
US Foods Inc Term B 1.928% (USD LIBOR + 1.750%) due 06/27/23 §		1,726,434		1,609,899
Wand NewCo 3 Inc Term B-1 due 02/05/26 ¥		1,777,559		1,693,125

				18,768,458

Financial - 1.5%

Acrisure LLC Term B 3.678% (USD LIBOR + 3.500%) due 02/15/27 §		1,496,250		1,417,697
AssuredPartners Inc Term B 3.678% (USD LIBOR + 3.500%) due 02/13/27 § ¥		7,218,737		6,920,965
NFP Corp Term B 3.428% (USD LIBOR + 3.250%) due 02/13/27 §		4,987,500		4,663,312
USI Inc Term B 3.308% (USD LIBOR + 3.000%) due 05/16/24 §		3,422,215		3,257,949

				16,259,923

Industrial - 2.1%

Advanced Disposal Services Inc Term B 3.000% (USD LIBOR + 2.250%) due 11/10/23 §		6,813,816		6,754,195
Cornerstone Building Brands Inc Term B 3.941% (USD LIBOR + 3.750%) due 04/12/25 §		1,989,848		1,899,475
Filtration Group Corp Term B 3.178% (USD LIBOR + 3.000%) due 03/29/25 § ¥		3,771,529		3,634,811


	Principal Amount		Value
Reynolds Group Holdings Inc Term B 2.928% (USD LIBOR + 2.750%) due 02/05/23 §		$6,120,099		$5,855,405
The Hillman Group Inc Term B 5.072% (USD LIBOR + 4.000%) due 05/31/25 §		1,984,810		1,874,405
TransDigm Inc Term F 2.428% (USD LIBOR + 2.250%) due 12/09/25 §		1,984,949		1,801,754

				21,820,045

Technology - 1.4%

Tempo Acquisition LLC Term B 2.928% (USD LIBOR + 2.750%) due 05/01/24 §		5,478,189		5,228,246
The Dun & Bradstreet Corp Term B 4.184% (USD LIBOR + 4.000%) due 02/08/26 §		2,493,750		2,437,641
The Ultimate Software Group Inc due 05/03/26 ¥		2,750,000		2,723,237
Vertafore Inc Term B 3.428% (USD LIBOR + 3.250%) due 07/02/25 §		4,708,580		4,452,970

				14,842,094

Utilities - 0.3%

PG&E Corp Term B 5.500% (USD LIBOR + 4.500%) due 06/23/25 §		3,250,000		3,213,438


Total Senior Loan Notes (Cost $96,668,443)				93,023,109


ASSET-BACKED SECURITIES - 18.2%

Ally Auto Receivables Trust 3.020% due 09/15/23		1,000,000		1,002,816
AmeriCredit Automobile Receivables Trust
0.494% (USD LIBOR + 0.300%) due 01/18/23 §		1,460,701		1,459,851
0.544% (USD LIBOR + 0.350%) due 03/20/23 §		2,000,000		1,999,783
1.100% due 03/20/23		2,500,000		2,507,996
1.480% due 01/21/25		2,750,000		2,754,406
1.900% due 03/18/22		224,632		224,791
2.170% due 01/18/23		730,350		735,783
2.300% due 02/18/22		931,646		933,062
2.360% due 12/19/22		2,500,000		2,527,261
2.600% due 09/18/23		2,000,000		2,044,072
2.970% due 11/20/23		1,500,000		1,531,723
3.130% due 02/18/25		1,550,000		1,610,449
3.450% due 06/18/24		2,000,000		2,069,740
3.500% due 01/18/24		2,000,000		2,081,842
Apidos CLO XV (Cayman) 2.145% (USD LIBOR + 1.010%) due 04/20/31 § ~		1,250,000		1,220,287
Apidos CLO XXV (Cayman) 2.305% (USD LIBOR + 1.170%) due 10/20/31 § ~		2,000,000		1,955,373
Apidos CLO XXX (Cayman) 2.275% (USD LIBOR + 1.140%) due 10/18/31 § ~		3,000,000		2,938,526
Atrium XIII (Cayman) 2.223% (USD LIBOR + 1.180%) due 11/21/30 § ~		470,000		460,909


	Principal Amount		Value
Benefit Street Partners CLO IV Ltd (Cayman) 2.385% (USD LIBOR + 1.250%) due 01/20/29 § ~		$1,000,000		$986,386
Benefit Street Partners CLO X Ltd (Cayman)
2.359% (USD LIBOR + 1.140%) due 01/15/29 § ~		3,050,000		2,978,330
2.969% (USD LIBOR + 1.750%) due 01/15/29 § ~		500,000		484,517
Buttermilk Park CLO Ltd (Cayman) 2.319% (USD LIBOR + 1.100%) due 10/15/31 § ~		850,000		825,929
Capital Auto Receivables Asset Trust 3.480% due 10/20/23 ~		1,000,000		1,017,271
Carlyle Global Market Strategies CLO Ltd (Cayman) 2.041% (USD LIBOR + 1.050%) due 07/27/31 § ~		496,041		484,881
CIFC Funding 2015-III CLO Ltd (Cayman) 2.005% (USD LIBOR + 0.870%) due 04/19/29 § ~		1,500,000		1,472,732
Dryden 33 Senior Loan Fund (Cayman) 2.969% (USD LIBOR + 1.750%) due 04/15/29 § ~		2,000,000		1,947,555
Dryden 43 Senior Loan CLO Fund (Cayman) 2.275% (USD LIBOR + 1.140%) due 07/20/29 § ~		3,750,000		3,704,666
Dryden 55 CLO Ltd (Cayman) 2.239% (USD LIBOR + 1.020%) due 04/15/31 § ~		2,500,000		2,431,145
Dryden 58 CLO Ltd (Cayman) 2.135% (USD LIBOR + 1.000%) due 07/17/31 § ~		2,000,000		1,941,893
Dryden 61 CLO Ltd (Cayman) 2.295% (USD LIBOR + 1.160%) due 01/17/32 § ~		5,000,000		4,875,964
Dryden 64 CLO Ltd (Cayman) 2.105% (USD LIBOR + 0.970%) due 04/18/31 § ~		2,000,000		1,942,161
Dryden 75 CLO Ltd (Cayman) 2.919% (USD LIBOR + 1.700%) due 07/15/30 § ~		2,400,000		2,352,335
Ford Credit Auto Owner Trust
0.425% (USD LIBOR + 0.240%) due 02/15/22 §		742,061		742,513
1.190% due 01/15/26		2,050,000		2,055,617
2.040% due 08/15/31 ~		2,000,000		2,035,593
2.130% due 05/15/25		5,000,000		5,156,732
2.350% due 04/15/23		1,000,000		1,013,066
2.500% due 05/15/24		1,750,000		1,772,884
3.380% due 03/15/24		1,650,000		1,746,935
GM Financial Consumer Automobile Receivables Trust ‘B’ 3.270% due 01/16/24		1,200,000		1,241,031
Hilton Grand Vacations Trust 2.740% due 02/25/39 ~		389,431		393,776
Hyundai Auto Receivables Trust 2.400% due 06/15/26		2,000,000		2,042,469
Magnetite VIII CLO Ltd (Cayman) 2.199% (USD LIBOR + 0.980%) due 04/15/31 § ~		2,000,000		1,950,806
Magnetite XIV-R CLO Ltd ‘A1’ (Cayman) 2.255% (USD LIBOR + 1.120%) due 10/18/31 § ~		3,000,000		2,915,732
Magnetite XVIII CLO Ltd (Cayman) 1.472% (USD LIBOR + 1.080%) due 11/15/28 § ~		3,000,000		2,948,342


	Principal Amount		Value
Magnetite XXI CLO Ltd (Cayman) 2.415% (USD LIBOR + 1.280%) due 04/20/30 § ~		$1,000,000		$985,238
Navient Private Education Loan Trust 3.610% due 12/15/59 ~		1,398,098		1,430,659
Navient Private Education Refi Loan Trust
0.535% (USD LIBOR + 0.350%) due 11/15/68 § ~		1,422,312		1,417,561
0.935% (USD LIBOR + 0.750%) due 11/15/68 § ~		1,704,354		1,702,486
1.690% due 05/15/69 ~		2,000,000		2,009,529
2.120% due 01/15/69 ~		2,500,000		2,541,933
2.180% due 08/15/68 ~		2,059,273		2,071,249
2.460% due 11/15/68 ~		1,000,000		1,024,082
2.820% due 02/15/68 ~		1,394,613		1,405,347
Navient Student Loan Trust
0.455% (USD LIBOR + 0.270%) due 02/27/68 § ~		1,301,541		1,299,720
0.565% (USD LIBOR + 0.380%) due 03/25/67 § ~		3,544,425		3,525,072
2.640% due 05/15/68 ~		2,000,000		2,046,608
3.390% due 12/15/59 ~		2,000,000		2,072,312
OCP CLO Ltd (Cayman) 1.811% (USD LIBOR + 0.820%) due 10/26/27 § ~		1,515,403		1,500,503
Octagon Investment Partners 25 Ltd (Cayman) 1.935% (USD LIBOR + 0.800%) due 10/20/26 § ~		3,000,000		2,947,500
OneMain Financial Issuance CLO Trust 2.370% due 09/14/32 ~		737,541		739,943
Palmer Square CLO Ltd (Cayman)
1.242% (USD LIBOR + 0.850%) due 08/15/26 § ~		1,053,435		1,046,260
2.276% (USD LIBOR + 1.100%) due 07/16/31 § ~		2,250,000		2,190,275
Palmer Square Loan Funding CLO Ltd (Cayman)
1.292% (USD LIBOR + 0.900%) due 11/15/26 § ~		1,310,528		1,295,737
1.727% (USD LIBOR + 1.350%) due 02/20/28 § ~		2,950,000		2,845,420
1.869% (USD LIBOR + 0.650%) due 07/15/26 § ~		1,236,812		1,227,537
1.920% (USD LIBOR + 0.900%) due 10/24/27 § ~		1,736,249		1,718,698
2.185% (USD LIBOR + 1.050%) due 04/20/27 § ~		3,688,553		3,668,998
2.277% (USD LIBOR + 1.900%) due 02/20/28 § ~		1,200,000		1,121,998
Regatta Funding CLO LP (Cayman) 2.469% (USD LIBOR + 1.250%) due 01/15/29 § ~		3,000,000		2,959,619
Regatta X Funding CLO Ltd (Cayman) 2.255% (USD LIBOR + 1.120%) due 01/17/31 § ~		3,000,000		2,922,734
Regatta XIV Funding Ltd (Cayman) 2.181% (USD LIBOR + 1.190%) due 10/25/31 § ~		1,100,000		1,075,250
Santander Drive Auto Receivables Trust
1.650% due 04/15/21		1,571,229		1,572,505
2.070% due 01/17/23		3,000,000		3,024,928
2.280% due 09/15/23		2,500,000		2,532,320
2.630% due 07/15/22		232,283		232,778
2.790% due 01/16/24		5,000,000		5,079,198
3.210% due 09/15/23		2,000,000		2,020,828
3.270% due 01/17/23		625,958		628,092
3.290% due 10/17/22		137,255		137,405


	Principal Amount		Value
3.420% due 04/15/25		$1,750,000		$1,785,483
3.520% due 12/15/22		1,126,576		1,131,617
SLC Student Loan Trust
0.413% (USD LIBOR + 0.100%) due 09/15/26 §		1,104,401		1,103,464
0.423% (USD LIBOR + 0.110%) due 03/15/27 §		4,479,375		4,431,225
0.433% (USD LIBOR + 0.120%) due 06/15/29 §		841,884		829,034
SLM Student Loan Trust 1.371% (USD LIBOR + 0.380%) due 10/25/24 §		986,296		984,139
SMB Private Education Loan Trust
0.535% (USD LIBOR + 0.350%) due 07/15/26 § ~		2,667,456		2,662,452
2.340% due 09/15/34 ~		3,158,719		3,211,558
2.700% due 05/15/31 ~		1,338,789		1,370,748
3.050% due 05/15/26 ~		1,250,737		1,262,765
3.440% due 07/15/36 ~		1,850,000		1,936,240
3.500% due 02/15/36 ~		988,103		1,034,841
3.600% due 01/15/37 ~		2,728,155		2,838,923
3.630% due 11/15/35 ~		2,894,174		3,036,030
Sofi Consumer Loan Program Trust
2.020% due 01/25/29 ~		1,464,574		1,480,765
2.450% due 08/25/28 ~		1,209,155		1,222,988
Sofi Professional Loan Program LLC
2.060% due 05/15/46 ~		2,605,971		2,631,843
2.130% due 11/16/48 ~		1,509,908		1,520,453
Verizon Owner Trust
0.640% (USD LIBOR + 0.450%) due 12/20/23 §		3,000,000		3,009,717
1.850% due 07/22/24		3,500,000		3,596,069
Volvo Financial Equipment LLC 3.130% due 11/15/23 ~		2,000,000		2,069,730


Total Asset-Backed Securities (Cost $192,141,613)				192,690,337


U.S. TREASURY OBLIGATIONS - 7.8%

U.S. Treasury Notes - 7.8%

2.250% due 03/31/21		6,000,000		6,094,688
2.500% due 01/15/22		8,000,000		8,286,719
1.250% due 07/31/23		6,000,000		6,198,633
1.750% due 07/31/24		9,500,000		10,089,297
1.500% due 08/15/22		3,000,000		3,085,605
1.250% due 08/31/24		5,000,000		5,210,742
1.375% due 10/15/22		5,000,000		5,138,086
1.375% due 01/31/25		4,000,000		4,203,203
1.375% due 01/31/22		5,000,000		5,095,605
1.375% due 02/15/23		10,000,000		10,315,625
1.500% due 09/30/24		10,000,000		10,534,570
2.000% due 01/15/21		5,000,000		5,049,707
2.000% due 07/31/22		3,000,000		3,115,020


Total U.S. Treasury Obligations (Cost $80,354,348)				82,417,500


	Shares		Value
SHORT-TERM INVESTMENT - 3.9%

BlackRock Liquidity Funds T-Fund Portfolio ‘Institutional’ 0.110%		41,722,235		$41,722,235


Total Short-Term Investment (Cost $41,722,235)				41,722,235


TOTAL INVESTMENTS - 100.7% (Cost $1,054,172,885)				1,067,410,779

OTHER ASSETS & LIABILITIES, NET - (0.7%)				(7,592,379	)


NET ASSETS - 100.0%				$1,059,818,400

Notes to Schedule of Investments

(a)	Pursuant to the terms of the following senior loan agreement, the Fund had an unfunded loan commitment which could be extended at the option of the borrower.

Borrower

Unfunded Loan

Commitment

Value

Unrealized

Appreciation

(Depreciation)

Pathway Vet Alliance LLC

$146,909

$146,956

$47

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of June 30, 2020:


	Principal Amount		Value
CORPORATE BONDS & NOTES - 54.5%

Basic Materials - 0.8%

Anglo American Capital PLC (South Africa) 5.625% due 04/01/30 ~		$4,600,000		$5,565,794
Barminco Finance Pty Ltd (Australia) 6.625% due 05/15/22 ~		800,000		792,500
Teck Resources Ltd Canada) 3.900% due 07/15/30 ~		2,100,000		2,099,632

				8,457,926

Communications - 4.2%

AT&T Inc
2.750% due 06/01/31		5,500,000		5,702,825
3.850% due 06/01/60		2,800,000		2,982,886
5.250% due 03/01/37		4,000,000		4,950,123
CCO Holdings LLC 4.750% due 03/01/30 ~		3,000,000		3,074,160
Charter Communications Operating LLC
4.800% due 03/01/50		1,850,000		2,105,458
5.750% due 04/01/48		2,000,000		2,492,564
Diamond Sports Group LLC 5.375% due 08/15/26 ~		2,000,000		1,459,840
Discovery Communications 5.300% due 05/15/49		2,500,000		3,054,280
eBay Inc 2.700% due 03/11/30		1,700,000		1,790,538
Sprint Communications Inc 6.000% due 11/15/22		6,000,000		6,336,690
Sprint Spectrum Co LLC 3.360% due 03/20/23 ~		1,871,563		1,897,287
T-Mobile USA Inc 3.875% due 04/15/30 ~		3,450,000		3,851,735
Tencent Holdings Ltd (China) 3.240% due 06/03/50 ~		3,500,000		3,517,066
Verizon Communications Inc 3.850% due 11/01/42		2,000,000		2,444,948

				45,660,400

Consumer, Cyclical - 7.2%

Air Canada Pass-Through Trust ‘A’ (Canada) 4.125% due 11/15/26 ~		3,888,076		3,588,135
American Airlines Pass-Through Trust ‘AA’ 3.600% due 03/22/29		2,512,695		2,333,099
American Airlines Pass-Through Trust ‘B’ 4.375% due 04/01/24		484,091		348,611
Beazer Homes USA Inc 7.250% due 10/15/29		2,150,000		2,086,908
BorgWarner Inc 2.650% due 07/01/27		2,000,000		2,051,033
British Airways Pass-Through Trust ‘A’ (United Kingdom)
3.350% due 12/15/30 ~		2,867,061		2,376,258
4.625% due 12/20/25 ~		1,992,310		1,857,593
British Airways Pass-Through Trust ‘AA’ (United Kingdom) 3.300% due 06/15/34 ~		4,343,725		3,934,459
Continental Airlines Pass-Through Trust ‘A’ 4.000% due 04/29/26		2,360,780		2,158,419
Delta Air Lines Inc
2.600% due 12/04/20		2,000,000		1,977,964
7.375% due 01/15/26		1,000,000		968,475
Delta Air Lines Pass-Through Trust ‘AA’ 3.625% due 01/30/29		1,389,204		1,377,937


	Principal Amount		Value
Downstream Development Authority of the Quapaw Tribe of Oklahoma 10.500% due 02/15/23 ~		$2,750,000		$2,333,774
Ferguson Finance PLC 3.250% due 06/02/30 ~		6,000,000		6,158,263
Ford Motor Co 8.500% due 04/21/23		1,200,000		1,271,250
Ford Motor Credit Co LLC
3.087% due 01/09/23		1,850,000		1,762,698
5.584% due 03/18/24		2,350,000		2,377,648
General Motors Co
5.000% due 10/01/28		3,000,000		3,188,001
6.800% due 10/01/27		1,400,000		1,633,506
Harley-Davidson Financial Services Inc 3.350% due 06/08/25 ~		2,000,000		2,046,194
Hasbro Inc
3.000% due 11/19/24		5,500,000		5,766,297
3.550% due 11/19/26		4,285,000		4,534,427
JetBlue Pass-Through Trust ‘AA’ 2.750% due 11/15/33		1,778,053		1,694,380
Lennar Corp 6.250% due 12/15/21		2,500,000		2,590,312
Marriott International Inc 5.750% due 05/01/25		2,150,000		2,345,560
Nordstrom Inc
4.375% due 04/01/30		2,000,000		1,571,752
5.000% due 01/15/44		2,500,000		1,772,406
8.750% due 05/15/25 ~		400,000		430,811
Sands China Ltd (Macau) 3.800% due 01/08/26 ~		1,050,000		1,084,135
Six Flags Entertainment Corp 4.875% due 07/31/24 ~		2,000,000		1,793,760
Spirit Airlines Pass-Through Trust ‘AA’ 4.100% due 10/01/29		512,563		435,696
United Airlines Pass-Through Trust ‘A’ 2.900% due 11/01/29		1,400,000		1,165,137
United Airlines Pass-Through Trust ‘AA’ 4.150% due 02/25/33		1,111,039		1,097,673
United Airlines Pass-Through Trust ‘B’
3.650% due 04/07/27		1,414,583		1,037,207
4.750% due 10/11/23		3,024,881		2,689,538
US Airways Pass-Through Trust ‘A’ 4.625% due 12/03/26		2,093,136		1,777,483

				77,616,799

Consumer, Non-Cyclical - 7.6%

AbbVie Inc
3.200% due 11/21/29 ~		5,000,000		5,582,762
4.250% due 11/21/49 ~		2,500,000		3,010,087
Alcon Finance Corp (Switzerland) 2.600% due 05/27/30 ~		3,200,000		3,293,067
AmerisourceBergen Corp 2.800% due 05/15/30		2,100,000		2,214,446
Amgen Inc 3.150% due 02/21/40		2,750,000		2,933,727
Anheuser-Busch InBev Worldwide Inc (Belgium)
4.000% due 01/17/43		2,000,000		2,186,369
4.700% due 02/01/36		2,000,000		2,360,491
5.450% due 01/23/39		5,000,000		6,323,338
Anthem Inc 2.250% due 05/15/30		2,000,000		2,060,268
Cigna Corp 4.375% due 10/15/28		3,000,000		3,552,750
Coca-Cola Femsa SAB de CV (Mexico) 2.750% due 01/22/30		2,000,000		2,120,813


	Principal Amount		Value
Constellation Brands Inc
2.875% due 05/01/30		$650,000		$690,291
3.500% due 05/09/27		4,000,000		4,431,986
3.750% due 05/01/50		2,000,000		2,184,153
CoStar Group Inc due 07/15/30 # ~		3,400,000		3,486,026
CVS Health Corp 3.750% due 04/01/30		2,200,000		2,534,895
Equifax Inc 3.100% due 05/15/30		3,000,000		3,195,632
Global Payments Inc
3.200% due 08/15/29		4,500,000		4,828,844
4.150% due 08/15/49		2,450,000		2,810,124
Humana Inc 3.125% due 08/15/29		2,700,000		2,930,573
Kraft Heinz Foods Co 3.000% due 06/01/26		4,000,000		4,046,611
Mondelez International Inc 2.750% due 04/13/30		1,800,000		1,945,553
Quest Diagnostics Inc 2.800% due 06/30/31		700,000		735,346
Takeda Pharmaceutical Co Ltd (Japan) due 07/09/40 #		3,500,000		3,539,654
Teva Pharmaceutical Finance Netherlands III BV (Israel) 2.200% due 07/21/21		260,000		255,298
Upjohn Inc
2.300% due 06/22/27 ~		2,250,000		2,326,487
3.850% due 06/22/40 ~		3,350,000		3,605,288
Verisk Analytics Inc 4.125% due 03/15/29		3,150,000		3,682,347

				82,867,226

Energy - 2.6%

Cheniere Corpus Christi Holdings LLC 3.700% due 11/15/29 ~		2,075,000		2,128,709
Energy Transfer Operating LP 4.750% due 01/15/26		6,000,000		6,557,350
Florida Gas Transmission Co LLC 2.550% due 07/01/30 ~		2,200,000		2,252,550
Kinder Morgan Energy Partners LP 5.000% due 08/15/42		2,000,000		2,223,623
MPLX LP
5.200% due 12/01/47		1,200,000		1,266,377
5.250% due 01/15/25		6,000,000		6,239,800
6.875% due 08/15/68		1,000,000		899,727
ONEOK Inc 2.200% due 09/15/25		2,000,000		1,965,358
Petroleos Mexicanos (Mexico) 6.350% due 02/12/48		2,100,000		1,562,075
Sabine Pass Liquefaction LLC 4.200% due 03/15/28		1,850,000		1,985,308
Transcontinental Gas Pipe Line Co LLC 3.250% due 05/15/30 ~		1,500,000		1,605,191

				28,686,068

Financial - 18.1%

AerCap Ireland Capital DAC (Ireland) 6.500% due 07/15/25		800,000		838,990
Air Lease Corp 3.375% due 07/01/25		1,200,000		1,201,060
Air Lease Corp 3.875% due 04/01/21		1,047,000		1,053,164
American International Group Inc 3.400% due 06/30/30		3,450,000		3,744,948


	Principal Amount		Value
Bank of America Corp
2.592% due 04/29/31		$4,350,000		$4,611,228
3.194% due 07/23/30		3,000,000		3,313,593
4.183% due 11/25/27		2,850,000		3,254,549
4.200% due 08/26/24		3,500,000		3,886,004
4.250% due 10/22/26		4,500,000		5,162,790
Boston Properties LP REIT
2.750% due 10/01/26		1,927,000		2,067,579
3.400% due 06/21/29		1,600,000		1,767,398
Citigroup Inc
2.666% due 01/29/31		5,250,000		5,455,138
4.000% due 08/05/24		2,000,000		2,182,137
4.125% due 07/25/28		3,600,000		4,071,532
4.400% due 06/10/25		3,000,000		3,361,838
4.600% due 03/09/26		3,948,000		4,511,082
Columbia Property Trust Operating Partnership LP REIT 4.150% due 04/01/25		3,500,000		3,698,436
Crown Castle International Corp REIT 3.300% due 07/01/30		1,500,000		1,641,150
Duke Realty LP REIT 3.750% due 12/01/24		3,420,000		3,764,499
Equinix Inc 1.800% due 07/15/27		1,450,000		1,458,744
Equinix Inc REIT 2.900% due 11/18/26		3,650,000		3,942,967
Fidelity National Financial Inc 3.400% due 06/15/30		1,350,000		1,407,980
First American Financial Corp 4.000% due 05/15/30		3,650,000		4,009,323
Five Corners Funding Trust II 2.850% due 05/15/30 ~		5,000,000		5,162,295
GE Capital Funding LLC 4.400% due 05/15/30 ~		2,000,000		2,082,017
GLP Capital LP REIT 5.250% due 06/01/25		3,450,000		3,762,294
HealthPeak Properties Inc REIT 3.500% due 07/15/29		2,800,000		3,053,442
Host Hotels & Resorts LP REIT 3.375% due 12/15/29		3,200,000		3,061,717
HSBC Holdings PLC (United Kingdom) 2.099% due 06/04/26		3,950,000		3,993,860
Intercontinental Exchange Inc 2.100% due 06/15/30		3,500,000		3,575,259
Jackson National Life Global Funding 2.650% due 06/21/24 ~		4,000,000		4,207,919
JPMorgan Chase & Co
2.522% due 04/22/31		4,800,000		5,080,368
2.956% due 05/13/31		1,700,000		1,811,625
4.125% due 12/15/26		4,000,000		4,661,141
KeyCorp 2.550% due 10/01/29		3,500,000		3,625,047
Mid-America Apartments LP REIT
2.750% due 03/15/30		2,000,000		2,118,475
3.600% due 06/01/27		1,276,000		1,417,777
Morgan Stanley
2.699% due 01/22/31		5,900,000		6,274,556
5.000% due 11/24/25		6,500,000		7,601,189
Piedmont Operating Partnership LP REIT 4.450% due 03/15/24		3,100,000		3,180,260
PNC Bank NA 2.700% due 10/22/29		2,500,000		2,668,584
Prudential PLC (Canada) 3.125% due 04/14/30		1,840,000		1,978,765
Springleaf Finance Corp
5.375% due 11/15/29		1,575,000		1,490,265
6.125% due 03/15/24		5,200,000		5,295,186


	Principal Amount		Value
Teachers Insurance & Annuity Association of America 4.270% due 05/15/47 ~		$3,000,000		$3,571,217
The Goldman Sachs Group Inc
2.600% due 02/07/30		6,000,000		6,271,520
3.500% due 11/16/26		2,000,000		2,201,146
The Howard Hughes Corp 5.375% due 03/15/25 ~		2,500,000		2,334,287
The Northwestern Mutual Life Insurance Co 3.625% due 09/30/59 ~		3,000,000		3,342,746
Truist Bank 2.250% due 03/11/30		1,750,000		1,769,626
UDR Inc REIT 2.950% due 09/01/26		2,000,000		2,121,045
Ventas Realty LP REIT
3.000% due 01/15/30		2,050,000		2,032,265
3.500% due 02/01/25		2,900,000		2,996,755
VICI Properties LP REIT 3.500% due 02/15/25 ~		1,300,000		1,225,049
Wells Fargo & Co
2.188% due 04/30/26		6,650,000		6,883,760
2.393% due 06/02/28		6,650,000		6,876,196
4.400% due 06/14/46		3,750,000		4,539,534
Willis North America Inc 2.950% due 09/15/29		3,400,000		3,609,237

				196,282,553

Industrial - 4.3%

Allegion US Holding Co Inc 3.550% due 10/01/27		4,336,000		4,546,412
Bemis Co. Inc 2.630% due 06/19/30		1,200,000		1,231,620
Carrier Global Corp 3.577% due 04/05/50 ~		4,000,000		3,920,441
General Electric Co 4.350% due 05/01/50		2,100,000		2,084,640
Jabil Inc 3.600% due 01/15/30		2,650,000		2,779,929
Masco Corp 7.750% due 08/01/29		2,000,000		2,567,704
Norbord Inc (Canada)
5.750% due 07/15/27 ~		3,000,000		3,070,680
6.250% due 04/15/23 ~		2,000,000		2,117,290
Otis Worldwide Corp 3.112% due 02/15/40 ~		1,650,000		1,697,854
Owens-Brockway Glass Container Inc 5.000% due 01/15/22 ~		406,000		406,903
Penske Truck Leasing Co LP
2.700% due 11/01/24 ~		1,850,000		1,905,599
3.450% due 07/01/24 ~		1,350,000		1,429,744
4.450% due 01/29/26 ~		1,200,000		1,324,737
Ryder System Inc 2.500% due 09/01/24		2,000,000		2,065,257
Sonoco Products Co 3.125% due 05/01/30		4,450,000		4,653,640
Standard Industries Inc 5.000% due 02/15/27 ~		2,550,000		2,589,283
The Boeing Co 5.805% due 05/01/50		2,000,000		2,365,199
Waste Connections Inc 3.500% due 05/01/29		2,600,000		2,923,501
Westinghouse Air Brake Technologies Corp 3.200% due 06/15/25		1,200,000		1,226,419
Xylem Inc 2.250% due 01/30/31		1,950,000		1,965,350

				46,872,202


	Principal Amount		Value
Technology - 4.7%

Broadcom Inc
4.250% due 04/15/26 ~		$5,000,000		$5,571,663
5.000% due 04/15/30 ~		3,300,000		3,799,420
Citrix Systems Inc 3.300% due 03/01/30		2,800,000		2,998,558
Dell International LLC 4.900% due 10/01/26 ~		4,000,000		4,407,720
Fiserv Inc 3.500% due 07/01/29		4,150,000		4,668,957
HP Inc 3.000% due 06/17/27		3,350,000		3,516,774
Infor Inc 1.750% due 07/15/25 ~		2,800,000		2,815,023
Leidos Inc 4.375% due 05/15/30 ~		3,350,000		3,781,983
Micron Technology Inc 4.185% due 02/15/27		2,100,000		2,328,492
NXP BV (Netherlands)
3.400% due 05/01/30 ~		5,250,000		5,660,875
3.875% due 06/18/26 ~		3,000,000		3,362,044
Oracle Corp 3.600% due 04/01/50		1,750,000		1,981,538
VMware Inc
4.650% due 05/15/27		2,500,000		2,768,904
4.700% due 05/15/30		3,500,000		3,876,269

				51,538,220

Utilities - 5.0%

Appalachian Power Co 3.700% due 05/01/50		2,000,000		2,202,822
Avangrid Inc 3.800% due 06/01/29		1,900,000		2,209,554
Consolidated Edison Co of New York Inc 3.350% due 04/01/30		2,750,000		3,135,925
Dominion Energy Inc 3.071% due 08/15/24		540,000		580,426
DPL Inc
4.125% due 07/01/25 ~		600,000		601,668
4.350% due 04/15/29		1,350,000		1,369,020
Electricite de France SA (France) 4.500% due 09/21/28 ~		2,000,000		2,331,581
Exelon Corp 4.700% due 04/15/50		2,350,000		2,998,791
FirstEnergy Corp 2.650% due 03/01/30		2,900,000		3,032,530
IPALCO Enterprises Inc
3.700% due 09/01/24		3,500,000		3,748,827
4.250% due 05/01/30 ~		2,400,000		2,610,008
Kentucky Utilities Co 3.300% due 06/01/50		1,550,000		1,664,054
NextEra Energy Operating Partners LP 4.250% due 07/15/24 ~		6,925,000		7,016,618
Oklahoma Gas & Electric Co 3.300% due 03/15/30		2,450,000		2,696,277
Pacific Gas and Electric Co 2.500% due 02/01/31		3,300,000		3,234,330
PacifiCorp 2.700% due 09/15/30		2,350,000		2,569,640
Southern California Edison Co 4.000% due 04/01/47		2,750,000		3,145,560
Talen Energy Supply LLC
6.500% due 06/01/25		1,000,000		676,965
6.625% due 01/15/28 ~		2,500,000		2,454,212


	Principal Amount		Value
Vistra Operations Co LLC 3.550% due 07/15/24 ~		$5,500,000		$5,680,015

				53,958,823


Total Corporate Bonds & Notes (Cost $564,516,310)				591,940,217


SENIOR LOAN NOTES - 10.5%

Communications - 0.5%

CSC Holdings LLC Term B-5 2.685% (USD LIBOR + 2.500%) due 04/15/27 §		4,239,375		4,042,244
T-Mobile USA Inc Term B 3.178% (USD LIBOR + 3.000%) due 04/01/27 §		1,500,000		1,500,000

				5,542,244

Consumer, Cyclical - 1.9%

Bass Pro Group LLC Term B 6.072% (USD LIBOR + 5.000%) due 09/25/24 §		1,461,119		1,412,171
ClubCorp Holdings Inc Term B 3.058% (USD LIBOR + 2.750%) due 09/18/24 §		2,979,266		2,541,314
Golden Nugget LLC Term B 3.454% (USD LIBOR + 2.500%) due 10/04/23 §		799,645		662,506
Marriott Ownership Resorts Inc Term B 1.928% (USD LIBOR + 1.750%) due 08/31/25 §		4,362,546		4,100,794
Restaurant Brands International Inc Term B (Canada) 1.928% (USD LIBOR + 1.750%) due 11/19/26 §		4,193,326		3,986,805
SeaWorld Parks & Entertainment Inc Term B-5 3.750% (USD LIBOR + 3.000%) due 03/31/24 §		3,879,470		3,468,894
SRS Distribution Inc Term B 4.322% (USD LIBOR + 3.250%) due 05/24/25 §		3,792,386		3,602,766

				19,775,250

Consumer, Non-Cyclical - 1.8%

AlixPartners LLP Term B due 04/04/24 ¥		1,448,258		1,401,552
Bausch Health Americas Inc Term B 3.190% (USD LIBOR + 3.000%) due 06/01/25 §		4,207,108		4,090,756
Froneri US Inc Term B (United Kingdom) 2.428% (USD LIBOR + 2.250%) due 01/31/27 §		2,200,000		2,077,167
Pathway Vet Alliance LLC due 03/31/27 ¥		1,849,324		1,803,668
Refinitiv US Holdings Inc Term B due 10/01/25 ¥		3,989,873		3,908,580
Sunshine Luxembourg VII SARL Term B (Luxembourg) 5.322% (USD LIBOR + 4.250%) due 10/02/26 §		2,238,750		2,146,802
US Foods Inc Term B 1.928% (USD LIBOR + 1.750%) due 06/27/23 §		2,780,100		2,592,443


	Principal Amount		Value
Wand NewCo 3 Inc Term B-1 due 02/05/26 ¥		$1,777,559		$1,693,125

				19,714,093

Financial - 1.6%

Acrisure LLC Term B 3.678% (USD LIBOR + 3.500%) due 02/15/27 §		1,496,250		1,417,697
AssuredPartners Inc Term B 3.678% (USD LIBOR + 3.500%) due 02/13/27 §		4,228,750		4,054,314
HUB International Ltd Term B 4.020% (USD LIBOR + 2.750%) due 04/25/25 §		3,454,810		3,303,662
NFP Corp Term B 3.428% (USD LIBOR + 3.250%) due 02/13/27 §		4,987,500		4,663,313
USI Inc Term B 3.308% (USD LIBOR + 3.000%) due 05/16/24 §		3,882,482		3,696,123

				17,135,109

Industrial - 2.9%

Advanced Disposal Services Inc Term B 3.000% (USD LIBOR + 2.250%) due 11/10/23 §		6,811,158		6,751,561
Cornerstone Building Brands Inc Term B 3.941% (USD LIBOR + 3.750%) due 04/12/25 §		2,984,772		2,849,212
Filtration Group Corp Term B 3.178% (USD LIBOR + 3.000%) due 03/29/25 § ¥		4,761,006		4,588,420
Reynolds Group Holdings Inc Term B 2.928% (USD LIBOR + 2.750%) due 02/05/23 §		7,876,453		7,535,796
The Hillman Group Inc Term B 5.072% (USD LIBOR + 4.000%) due 05/31/25 §		2,977,215		2,811,607
TransDigm Inc
Term E 2.428% (USD LIBOR + 2.250%) due 05/30/25 §		1,899,102		1,716,709
Term F 2.428% (USD LIBOR + 2.250%) due 12/09/25 §		5,768,502		5,236,116

				31,489,421

Technology - 1.5%

Tempo Acquisition LLC Term B 2.928% (USD LIBOR + 2.750%) due 05/01/24 §		5,478,189		5,228,246
The Dun & Bradstreet Corp Term B 4.184% (USD LIBOR + 4.000%) due 02/08/26 §		2,493,750		2,437,640
The Ultimate Software Group Inc due 05/03/26 ¥		2,750,000		2,723,237
Vertafore Inc Term B 3.428% (USD LIBOR + 3.250%) due 07/02/25 §		6,173,624		5,838,483

				16,227,606


	Principal Amount		Value
Utilities - 0.3%

PG&E Corp Term B 5.500% (USD LIBOR + 4.500%) due 06/23/25 §		$3,500,000		$3,460,625


Total Senior Loan Notes (Cost $118,428,638)				113,344,348


MORTGAGE-BACKED SECURITIES - 2.0%

Fannie Mae - 2.0%
due 07/01/35 #		7,000,000		7,327,305
due 07/01/35 #		11,000,000		11,377,695
due 07/01/50 #		3,000,000		3,068,789

				21,773,789


Total Mortgage-Backed Securities (Cost $21,726,230)				21,773,789


ASSET-BACKED SECURITIES - 12.2%

AmeriCredit Automobile Receivables Trust
2.240% due 06/19/23		1,450,000		1,457,985
2.400% due 05/18/22		1,312,049		1,316,930
2.690% due 06/19/23		3,325,000		3,395,068
2.710% due 08/18/22		1,500,000		1,516,667
3.130% due 02/18/25		1,250,000		1,298,749
3.360% due 02/18/25		1,000,000		1,040,044
Apidos CLO XXX ‘A2’ (Cayman) 2.735% (USD LIBOR + 1.600%) due 10/18/31 § ~		3,600,000		3,464,283
Benefit Street Partners CLO X Ltd (Cayman)
2.359% (USD LIBOR + 1.140%) due 01/15/29 § ~		400,000		390,601
2.969% (USD LIBOR + 1.750%) due 01/15/29 § ~		250,000		242,258
Buttermilk Park CLO Ltd ‘A1’ (Cayman) 2.319% (USD LIBOR + 1.100%) due 10/15/31 § ~		1,600,000		1,554,690
Capital Auto Receivables Asset Trust 3.090% due 08/22/22 ~		1,600,000		1,636,152
Carlyle Global Market Strategies CLO Ltd (Cayman)
2.041% (USD LIBOR + 1.050%) due 07/27/31 § ~		992,083		969,761
2.541% (USD LIBOR + 1.550%) due 07/27/31 § ~		2,000,000		1,863,772
CIFC Funding 2015-III CLO Ltd (Cayman) 2.005% (USD LIBOR + 0.870%) due 04/19/29 § ~		1,500,000		1,472,732
Dryden 33 Senior Loan Fund (Cayman) 2.969% (USD LIBOR + 1.750%) due 04/15/29 § ~		2,000,000		1,947,555
Dryden 43 Senior Loan Fund (Cayman) 2.885% (USD LIBOR + 1.750%) due 07/20/29 § ~		3,200,000		3,133,390
Dryden 53 CLO Ltd (Cayman) 2.619% (USD LIBOR + 1.400%) due 01/15/31 § ~		1,500,000		1,413,750
Dryden 55 CLO Ltd (Cayman) 3.119% (USD LIBOR + 1.900%) due 04/15/31 § ~		1,000,000		931,037


	Principal Amount		Value
Dryden 58 CLO Ltd (Cayman)
2.635% (USD LIBOR + 1.500%) due 07/17/31 § ~		$2,000,000		$1,919,719
2.935% (USD LIBOR + 1.800%) due 07/17/31 § ~		2,000,000		1,870,638
Dryden 61 CLO Ltd (Cayman)
2.785% (USD LIBOR + 1.650%) due 01/17/32 § ~		2,250,000		2,182,600
3.185% (USD LIBOR + 2.050%) due 01/17/32 § ~		2,250,000		2,155,058
Dryden 64 CLO Ltd (Cayman) 2.535% (USD LIBOR + 1.400%) due 04/18/31 § ~		1,600,000		1,524,356
Dryden 75 CLO Ltd (Cayman) 2.919% (USD LIBOR + 1.700%) due 07/15/30 § ~		900,000		882,126
Ford Credit Auto Owner Trust
1.190% due 01/15/26		1,350,000		1,353,699
1.730% due 03/15/22		850,000		853,004
2.040% due 12/15/26		1,000,000		1,001,585
2.040% due 08/15/31 ~		2,000,000		2,035,593
2.240% due 06/15/22		1,000,000		1,005,104
2.350% due 04/15/23		2,500,000		2,532,666
3.190% due 07/15/31 ~		4,000,000		4,290,046
Madison Park Funding Ltd (Cayman)
2.819% (USD LIBOR + 1.600%) due 07/15/30 § ~		2,600,000		2,513,116
2.885% (USD LIBOR + 1.750%) due 10/18/30 § ~		2,600,000		2,544,364
3.069% (USD LIBOR + 1.850%) due 07/15/30 § ~		1,400,000		1,323,000
Magnetite VIII Ltd (Cayman) 2.199% (USD LIBOR + 0.980%) due 04/15/31 § ~		3,000,000		2,926,210
Navient Private Education Refi Loan Trust ‘A2A’ 2.460% due 11/15/68 ~		1,000,000		1,024,082
Navient Student Loan Trust
0.905% (USD LIBOR + 0.720%) due 03/25/67 § ~		2,000,000		1,900,209
2.640% due 05/15/68 ~		2,000,000		2,046,608
Octagon Investment Partners 25 Ltd (Cayman) 2.335% (USD LIBOR + 1.200%) due 10/20/26 § ~		2,000,000		1,931,669
OneMain Financial Issuance CLO Trust 2.370% due 09/14/32 ~		1,843,854		1,849,857
Palmer Square CLO Ltd (Cayman)
1.242% (USD LIBOR + 0.850%) due 08/15/26 § ~		1,053,435		1,046,260
2.276% (USD LIBOR + 1.100%) due 07/16/31 § ~		2,500,000		2,433,639
Palmer Square Loan Funding CLO Ltd (Cayman)
1.292% (USD LIBOR + 0.900%) due 11/15/26 § ~		2,496,243		2,468,070
1.727% (USD LIBOR + 1.350%) due 02/20/28 § ~		2,350,000		2,266,690
2.277% (USD LIBOR + 1.900%) due 02/20/28 § ~		1,200,000		1,121,998
2.620% (USD LIBOR + 1.600%) due 10/24/27 § ~		1,750,000		1,706,638
Palmer Square Loan Funding Ltd (Cayman) 1.920% (USD LIBOR + 0.900%) due 10/24/27 § ~		2,387,342		2,363,210
Regatta XIV Funding Ltd ‘A’ (Cayman) 2.181% (USD LIBOR + 1.190%) due 10/25/31 § ~		1,400,000		1,368,500


	Principal Amount		Value
Santander Drive Auto Receivables Trust
0.515% (USD LIBOR + 0.330%) due 02/15/22 §		$707,968		$707,902
2.490% due 10/15/25		2,000,000		2,022,454
2.960% due 03/15/24		1,770,377		1,784,003
3.290% due 10/17/22		89,514		89,612
3.350% due 07/17/23		2,000,000		2,026,509
3.510% due 08/15/23		2,500,000		2,533,674
SLM Student Loan Trust 1.541% (USD LIBOR + 0.550%) due 10/25/64 § ~		6,856,341		6,526,337
SMB Private Education Loan Trust
2.340% due 09/15/34 ~		1,532,169		1,557,799
2.700% due 05/15/31 ~		1,832,523		1,876,269
2.820% due 10/15/35 ~		3,880,239		3,998,700
2.880% due 09/15/34 ~		3,099,267		3,209,079
3.440% due 07/15/36 ~		2,563,000		2,682,477
3.500% due 02/15/36 ~		5,167,776		5,412,218
3.600% due 01/15/37 ~		1,409,547		1,466,777
3.630% due 11/15/35 ~		1,959,495		2,055,538
Sofi Consumer Loan Program Trust ‘A’ 2.450% due 08/25/28 ~		1,662,587		1,681,608
SoFi Professional Loan Program 2.540% due 05/15/46 ~		2,150,000		2,230,529
Sofi Professional Loan Program LLC 2.370% due 11/16/48 ~		2,000,000		2,044,226
TIAA CLO IV Ltd (Cayman) 2.835% (USD LIBOR + 1.700%) due 01/20/32 § ~		2,750,000		2,651,232


Total Asset-Backed Securities (Cost $132,804,641)				132,042,681


U.S. TREASURY OBLIGATIONS - 15.9%

U.S. Treasury Bonds - 4.1%

1.125% due 05/15/40		8,500,000		8,422,139
2.000% due 02/15/50		3,500,000		4,007,363
2.250% due 08/15/46		4,050,000		4,802,968
2.250% due 08/15/49		2,000,000		2,404,922
2.500% due 02/15/46		3,500,000		4,334,190
2.500% due 05/15/46		3,000,000		3,720,293
2.750% due 11/15/47		4,000,000		5,232,422
2.875% due 11/15/46		3,000,000		3,988,652
3.000% due 11/15/44		4,000,000		5,356,406
3.000% due 02/15/49		1,500,000		2,070,322

				44,339,677

U.S. Treasury Notes - 11.8%

0.500% due 06/30/27		5,000,000		5,003,711
0.625% due 05/15/30		18,000,000		17,947,969
1.125% due 02/28/27		7,000,000		7,304,473
1.250% due 07/31/23		5,000,000		5,165,527
1.375% due 08/31/23		4,000,000		4,150,939
1.375% due 09/30/23		4,500,000		4,674,025
1.500% due 02/15/30		11,000,000		11,892,031
1.625% due 11/15/22		5,000,000		5,172,852
1.625% due 02/15/26		7,000,000		7,490,410
1.625% due 05/15/26		5,000,000		5,359,766
1.625% due 09/30/26		10,000,000		10,741,016
1.750% due 11/15/29		10,000,000		11,041,406
2.000% due 11/30/22		6,000,000		6,265,078
2.250% due 02/15/27		2,000,000		2,234,570
2.375% due 05/15/29		5,000,000		5,770,996


	Principal Amount		Value
2.500% due 02/28/26		$7,400,000		$8,286,844
2.625% due 02/15/29		7,000,000		8,203,535
2.875% due 08/15/28		1,250,000		1,480,444

				128,185,592


Total U.S. Treasury Obligations (Cost $156,415,089)				172,525,269


	Shares
SHORT-TERM INVESTMENT - 7.0%

Money Market Fund - 7.0%

BlackRock Liquidity Funds T-Fund Portfolio ‘Institutional’ 0.110%		76,428,973		76,428,973


Total Short-Term Investment (Cost $76,428,973)				76,428,973


TOTAL INVESTMENTS - 102.1% (Cost $1,070,319,881)				1,108,055,277

OTHER ASSETS & LIABILITIES, NET - (2.1%)				(22,549,196	)


NET ASSETS - 100.0%				$1,085,506,081

Notes to Schedule of Investments

(a)	Pursuant to the terms of the following senior loan agreements, the Fund had unfunded loan commitment which could be extended at the option of the borrower.

Borrower

Unfunded Loan
Commitment

Value

Unrealized
Appreciation
(Depreciation)

Pathway Vet Alliance LLC

$146,909

$146,956

$47

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of June 30, 2020:


	Shares		Value
COMMON STOCKS - 2.3%

Basic Materials - 0.1%

Constellium SE *		120,738		$927,268


Consumer, Cyclical - 0.4%

Beazer Homes USA Inc *		100,674		1,013,787
Cedar Fair LP		21,677		596,118
Las Vegas Sands Corp		9,521		433,586
Six Flags Entertainment Corp		39,347		755,856

				2,799,347

Consumer, Non-Cyclical - 0.1%

HCA Healthcare Inc		11,238		1,090,760


Energy - 0.3%

Chevron Corp		11,146		994,558
Exxon Mobil Corp		19,181		857,774

				1,852,332

Financial - 0.8%

Bank of America Corp		58,223		1,382,796
Citigroup Inc		28,183		1,440,152
JPMorgan Chase & Co		10,387		977,001
The Goldman Sachs Group Inc		7,676		1,516,931
Wells Fargo & Co		26,387		675,507

				5,992,387

Industrial - 0.6%

Crown Holdings Inc *		14,653		954,350
Evoqua Water Technologies Corp *		100,944		1,877,558
Xylem Inc		17,839		1,158,822

				3,990,730


Total Common Stocks (Cost $19,147,946)				16,652,824


EXCHANGE-TRADED FUNDS - 1.0%

iShares iBoxx High Yield Corporate Bond		43,020		3,511,292
SPDR Bloomberg Barclays High Yield Bond		34,659		3,506,105


Total Exchange-Traded Funds (Cost $7,037,815)				7,017,397


	Principal Amount
CORPORATE BONDS & NOTES - 68.6%

Basic Materials - 1.6%

Anglo American Capital PLC (South Africa) 5.625% due 04/01/30 ~		$3,250,000		3,932,354
Barminco Finance Pty Ltd (Australia) 6.625% due 05/15/22 ~		2,025,000		2,006,016
Constellium SE 5.625% due 06/15/28 ~		250,000		247,043
JW Aluminum Continuous Cast Co 10.250% due 06/01/26 ~		2,785,000		2,906,315


	Principal Amount		Value
Minerals Technologies Inc 5.000% due 07/01/28 ~		$350,000		$356,125
Steel Dynamics Inc 3.250% due 01/15/31		1,950,000		1,986,063

				11,433,916

Communications - 5.0%

AT&T Inc
3.500% due 06/01/41		2,475,000		2,608,761
4.550% due 03/09/49		2,450,000		2,892,309
Booking Holdings Inc 4.625% due 04/13/30		3,950,000		4,628,678
CCO Holdings LLC 5.000% due 02/01/28 ~		150,000		155,025
Charter Communications Operating LLC
2.800% due 04/01/31		1,950,000		1,981,175
3.750% due 02/15/28		1,500,000		1,637,513
4.200% due 03/15/28		2,750,000		3,084,772
5.050% due 03/30/29		1,500,000		1,770,635
CSC Holdings LLC
5.750% due 01/15/30 ~		200,000		209,179
6.500% due 02/01/29 ~		2,025,000		2,216,109
Diamond Sports Group LLC 12.750% due 12/01/26 ~		2,696,000		2,655,560
Sprint Capital Corp 8.750% due 03/15/32		1,000,000		1,430,490
Sprint Corp 7.875% due 09/15/23		25,000		28,187
Sprint Spectrum Co LLC 3.360% due 03/20/23 ~		62,500		63,359
T-Mobile USA Inc 4.375% due 04/15/40 ~		2,900,000		3,367,176
The Walt Disney Co 3.500% due 05/13/40		3,950,000		4,319,511
Uber Technologies Inc 7.500% due 05/15/25 ~		2,025,000		2,049,047

				35,097,486

Consumer, Cyclical - 11.2%

Air Canada Pass-Through Trust ‘B’ (Canada) 3.875% due 09/15/24 ~		695,717		588,443
American Airlines Pass-Through Trust ‘A’
3.500% due 08/15/33		1,919,977		1,604,218
4.100% due 07/15/29		1,249,668		1,064,410
American Airlines Pass-Through Trust ‘AA’ 3.150% due 08/15/33		2,904,580		2,686,719
American Airlines Pass-Through Trust ‘B’
3.850% due 08/15/29		2,068,631		1,457,039
5.250% due 07/15/25		994,258		660,952
Aramark Services Inc 6.375% due 05/01/25 ~		2,450,000		2,534,537
Ashton Woods USA LLC 6.625% due 01/15/28 ~		3,745,000		3,688,825
Beazer Homes USA Inc
5.875% due 10/15/27		2,700,000		2,587,018
6.750% due 03/15/25		1,000,000		985,520
7.250% due 10/15/29		1,350,000		1,310,384
Boyd Gaming Corp 8.625% due 06/01/25 ~		1,300,000		1,360,938
British Airways Pass-Through Trust ‘AA’ (United Kingdom) 3.300% due 06/15/34 ~		2,746,033		2,487,301
Caesars Resort Collection LLC 5.250% due 10/15/25 ~		3,800,000		3,311,738
Colt Merger Sub Inc 6.250% due 07/01/25 ~		500,000		497,350


	Principal Amount		Value
Constellation Merger Sub Inc 8.500% due 09/15/25 ~		$2,250,000		$1,808,201
Core & Main Holdings LP 8.625% Cash or 9.375% PIK due 09/15/24 ~		1,575,000		1,582,276
Downstream Development Authority of the Quapaw Tribe of Oklahoma 10.500% due 02/15/23 ~		2,750,000		2,333,774
eG Global Finance PLC (United Kingdom) 8.500% due 10/30/25 ~		2,500,000		2,567,450
Ford Motor Co 8.500% due 04/21/23		2,475,000		2,621,953
Gateway Casinos & Entertainment Ltd (Canada) 8.250% due 03/01/24 ~		1,275,000		1,050,147
General Motors Co 6.125% due 10/01/25		1,950,000		2,193,870
General Motors Financial Co Inc
3.200% due 07/06/21		1,550,000		1,568,157
4.375% due 09/25/21		1,500,000		1,540,951
5.100% due 01/17/24		1,000,000		1,069,575
Golden Nugget Inc
6.750% due 10/15/24 ~		5,375,000		3,870,000
8.750% due 10/01/25 ~		2,975,000		1,690,142
Hilton Domestic Operating Co Inc
5.375% due 05/01/25 ~		25,000		25,016
5.750% due 05/01/28 ~		25,000		25,359
Hyatt Hotels Corp 5.750% due 04/23/30		2,950,000		3,262,323
Hyundai Capital America 4.125% due 06/08/23 ~		3,700,000		3,907,240
IRB Holding Corp 7.000% due 06/15/25 ~		2,750,000		2,834,219
Las Vegas Sands Corp 3.500% due 08/18/26		3,450,000		3,443,050
Norwegian Air Shuttle ASA Pass-Through Trust ‘B’ (Norway) 7.500% due 05/10/25 ~		293,343		198,007
Sands China Ltd (Macau) 4.375% due 06/18/30 ~		3,000,000		3,135,960
Six Flags Theme Parks Inc 7.000% due 07/01/25 ~		150,000		155,719
Starbucks Corp 2.550% due 11/15/30		2,950,000		3,100,516
Stars Group Holdings BV (Canada) 7.000% due 07/15/26 ~		2,000,000		2,112,870
Tesla Inc 5.300% due 08/15/25 ~		3,575,000		3,575,375
United Airlines Pass Through Trust ‘AA’ 4.150% due 02/25/33		2,666,493		2,634,415

				79,131,957

Consumer, Non-Cyclical - 9.0%

Acadia Healthcare Co Inc 5.500% due 07/01/28 ~		25,000		25,156
Ahern Rentals Inc 7.375% due 05/15/23 ~		6,600,000		3,192,057
Allied Universal Holdco LLC 9.750% due 07/15/27 ~		2,950,000		3,113,696
Amgen Inc 2.300% due 02/25/31		4,925,000		5,164,556
Anheuser-Busch InBev Worldwide Inc (Belgium)
4.500% due 06/01/50		2,000,000		2,395,190
4.750% due 01/23/29		3,825,000		4,624,043
Bausch Health Americas Inc
8.500% due 01/31/27 ~		25,000		26,581
9.250% due 04/01/26 ~		1,500,000		1,629,300


	Principal Amount		Value
Bausch Health Cos Inc
5.000% due 01/30/28 ~		$800,000		$754,192
6.125% due 04/15/25 ~		3,050,000		3,097,824
CoStar Group Inc 2.800% due 07/15/30 ~		2,100,000		2,153,134
CVS Health Corp 4.250% due 04/01/50		3,950,000		4,772,446
Global Payments Inc 2.900% due 05/15/30		3,450,000		3,612,771
HCA Inc 5.125% due 06/15/39		3,200,000		3,735,843
JBS Investments II GmbH
5.750% due 01/15/28 ~		1,000,000		990,250
7.000% due 01/15/26 ~		950,000		999,186
Kraft Heinz Foods Co
5.000% due 07/15/35		2,475,000		2,725,243
5.200% due 07/15/45		3,975,000		4,315,442
LifePoint Health Inc 6.750% due 04/15/25 ~		400,000		414,000
Select Medical Corp 6.250% due 08/15/26 ~		3,150,000		3,191,517
Sysco Corp 6.600% due 04/01/50		3,450,000		4,757,378
TMS International Holding Corp 7.250% due 08/15/25 ~		6,417,000		5,261,940
Upjohn Inc 2.700% due 06/22/30 ~		2,950,000		3,037,338

				63,989,083

Energy - 9.4%

Antero Midstream Partners LP 5.750% due 01/15/28 ~		1,950,000		1,545,434
Antero Resources Corp 5.375% due 11/01/21		5,125,000		4,757,640
Archrock Partners LP
6.250% due 04/01/28 ~		1,675,000		1,537,315
6.875% due 04/01/27 ~		1,325,000		1,251,999
Ascent Resources Utica Holdings LLC
7.000% due 11/01/26 ~		1,450,000		933,162
10.000% due 04/01/22 ~		1,450,000		1,240,642
Cheniere Corpus Christi Holdings LLC 5.125% due 06/30/27		3,125,000		3,433,598
Endeavor Energy Resources LP
5.500% due 01/30/26 ~		3,075,000		2,953,245
6.625% due 07/15/25 ~		350,000		353,612
Energy Transfer Operating LP
4.050% due 03/15/25		1,200,000		1,277,848
4.750% due 01/15/26		1,700,000		1,857,916
5.800% due 06/15/38		3,000,000		3,063,206
6.250% due 02/15/23		3,650,000		2,807,744
Enterprise Products Operating LLC 2.800% due 01/31/30		3,450,000		3,624,876
EQM Midstream Partners LP
5.500% due 07/15/28		1,250,000		1,193,413
6.000% due 07/01/25 ~		500,000		506,250
6.500% due 07/01/27 ~		1,750,000		1,796,952
Global Partners LP 7.000% due 08/01/27		2,275,000		2,111,052
MPLX LP
4.000% due 03/15/28		2,225,000		2,345,759
4.800% due 02/15/29		350,000		389,559
5.250% due 01/15/25		4,825,000		5,017,839
6.875% due 02/15/23		450,000		404,877


	Principal Amount		Value
Occidental Petroleum Corp
2.900% due 08/15/24		$2,475,000		$2,121,050
8.000% due 07/15/25		800,000		805,000
8.500% due 07/15/27		1,175,000		1,180,875
ONEOK Inc 4.500% due 03/15/50		3,950,000		3,690,228
Range Resources Corp 5.000% due 03/15/23		2,950,000		2,524,064
Sabine Pass Liquefaction LLC 5.625% due 03/01/25		2,725,000		3,116,332
Sunoco Logistics Partners Operations LP 4.000% due 10/01/27		1,200,000		1,230,121
Targa Resources Partners LP
5.000% due 01/15/28		650,000		613,135
5.125% due 02/01/25		900,000		869,054
5.375% due 02/01/27		200,000		193,463
5.875% due 04/15/26		1,500,000		1,488,510
6.500% due 07/15/27		500,000		502,500
Transcontinental Gas Pipe Line Co LLC 3.950% due 05/15/50 ~		1,950,000		2,096,156
WPX Energy Inc 5.875% due 06/15/28		1,675,000		1,608,000

				66,442,426

Financial - 15.2%

AerCap Ireland Capital DAC (Ireland)
3.300% due 01/23/23		1,850,000		1,817,103
3.950% due 02/01/22		750,000		750,593
4.450% due 10/01/25		2,000,000		1,921,170
Air Lease Corp
3.750% due 06/01/26		1,500,000		1,514,879
3.875% due 04/01/21		300,000		301,766
4.250% due 09/15/24		1,000,000		1,017,876
4.625% due 10/01/28		1,500,000		1,544,808
Athene Holding Ltd 6.150% due 04/03/30		4,925,000		5,682,296
Avolon Holdings Funding Ltd (Ireland) 3.250% due 02/15/27 ~		3,200,000		2,591,714
Bank of America Corp 2.592% due 04/29/31		450,000		477,024
BOC Aviation Ltd (Singapore) 3.500% due 09/18/27 ~		4,000,000		4,129,903
Citigroup Inc
1.951% (USD LIBOR + 0.960%) due 04/25/22 §		3,000,000		3,017,217
3.980% due 03/20/30		3,000,000		3,441,400
4.075% due 04/23/29		3,000,000		3,424,276
CNO Financial Group Inc 5.250% due 05/30/29		3,100,000		3,333,313
Crown Castle International Corp REIT 4.150% due 07/01/50		1,950,000		2,251,401
GLP Capital LP REIT
4.000% due 01/15/31		2,925,000		2,897,476
5.300% due 01/15/29		4,000,000		4,339,940
Host Hotels & Resorts LP REIT 3.375% due 12/15/29		3,300,000		3,157,396
Iron Mountain Inc REIT
4.875% due 09/15/29 ~		3,300,000		3,212,550
5.000% due 07/15/28 ~		500,000		489,687
5.250% due 03/15/28 ~		150,000		149,597
JPMorgan Chase & Co
2.522% due 04/22/31		1,950,000		2,063,899
3.109% due 04/22/51		1,950,000		2,109,053
4.005% due 04/23/29		2,000,000		2,313,314
4.125% due 12/15/26		2,725,000		3,175,402


	Principal Amount		Value
KeyCorp 2.550% due 10/01/29		$2,925,000		$3,029,504
Morgan Stanley
3.772% due 01/24/29		2,050,000		2,335,028
5.000% due 11/24/25		3,150,000		3,683,653
Nationwide Mutual Insurance Co 4.350% due 04/30/50 ~		4,925,000		5,139,486
Park Aerospace Holdings Ltd (Ireland) 3.625% due 03/15/21 ~		242,000		238,889
Springleaf Finance Corp
5.375% due 11/15/29		2,775,000		2,625,705
7.125% due 03/15/26		3,225,000		3,341,890
The Charles Schwab Corp 5.375% due 06/01/25		1,950,000		2,088,099
The Goldman Sachs Group Inc 3.750% due 02/25/26		2,300,000		2,567,086
The Howard Hughes Corp 5.375% due 03/15/25 ~		3,025,000		2,824,488
Truist Financial Corp 5.100% due 03/01/30		1,950,000		2,018,445
Ventas Realty LP REIT 3.500% due 02/01/25		2,100,000		2,170,064
VICI Properties LP REIT
3.750% due 02/15/27 ~		1,050,000		988,806
4.625% due 12/01/29 ~		1,000,000		976,690
Wells Fargo & Co
3.068% due 04/30/41		2,950,000		3,081,019
5.013% due 04/04/51		4,725,000		6,554,164
Weyerhaeuser Co REIT 4.000% due 04/15/30		2,425,000		2,742,380

				107,530,449

Industrial - 11.2%

Allegion US Holding Co Inc
3.200% due 10/01/24		3,000,000		3,133,255
3.550% due 10/01/27		650,000		681,542
Apex Tool Group LLC 9.000% due 02/15/23 ~		2,425,000		1,760,902
ARD Finance SA (Luxembourg) 6.500% Cash or 7.250% PIK due 06/30/27 ~		4,300,000		4,261,580
Ardagh Packaging Finance PLC (Ireland) 5.250% due 08/15/27 ~		600,000		589,986
Cargo Aircraft Management Inc 4.750% due 02/01/28 ~		5,050,000		5,018,438
Carrier Global Corp 2.493% due 02/15/27 ~		2,950,000		3,009,108
Clark Equipment Co (South Korea) 5.875% due 06/01/25 ~		1,225,000		1,257,922
FedEx Corp 4.550% due 04/01/46		2,950,000		3,188,455
Husky III Holding Ltd (Canada) 13.000% PIK due 02/15/25 ~		2,050,000		1,979,531
Masco Corp
3.500% due 04/01/21		1,075,000		1,089,890
7.750% due 08/01/29		4,110,000		5,276,631
Mauser Packaging Solutions Holding Co
5.500% due 04/15/24 ~		1,375,000		1,353,498
7.250% due 04/15/25 ~		4,200,000		3,820,908
Penske Truck Leasing Co LP
3.350% due 11/01/29 ~		3,675,000		3,752,499
3.450% due 07/01/24 ~		2,950,000		3,124,255
Standard Industries Inc
4.750% due 01/15/28 ~		4,443,000		4,516,998
5.000% due 02/15/27 ~		1,500,000		1,523,108


	Principal Amount		Value
Textron Inc 3.000% due 06/01/30		$3,700,000		$3,690,570
The Boeing Co
5.040% due 05/01/27		4,700,000		5,189,753
5.930% due 05/01/60		4,925,000		5,844,123
Titan Acquisition Ltd (Canada) 7.750% due 04/15/26 ~		3,395,000		3,222,381
TransDigm Inc 5.500% due 11/15/27		675,000		591,108
TransDigm UK Holdings PLC 6.875% due 05/15/26		3,500,000		3,267,460
Vertical Holdco GmbH (Germany) 7.625% due 07/15/28 ~		600,000		600,000
Vertical US Newco Inc (Germany) 5.250% due 07/15/27 ~		600,000		600,000
Welbilt Inc 9.500% due 02/15/24		1,425,000		1,368,000
WRKCo Inc 3.900% due 06/01/28		5,175,000		5,732,483

				79,444,384

Technology - 4.1%

Broadcom Inc
4.150% due 11/15/30 ~		2,950,000		3,216,417
4.250% due 04/15/26 ~		2,700,000		3,008,698
Citrix Systems Inc 3.300% due 03/01/30		1,925,000		2,061,509
Dell International LLC
4.900% due 10/01/26 ~		1,700,000		1,873,281
6.200% due 07/15/30 ~		2,950,000		3,442,516
DXC Technology Co 4.125% due 04/15/25		4,925,000		5,249,345
Entegris Inc 4.375% due 04/15/28 ~		1,975,000		2,019,438
Fiserv Inc 2.650% due 06/01/30		2,950,000		3,118,765
Oracle Corp 3.850% due 04/01/60		4,000,000		4,705,430

				28,695,399

Utilities - 1.9%

Ameren Corp 3.500% due 01/15/31		2,950,000		3,304,853
Pacific Gas and Electric Co 3.500% due 08/01/50		4,925,000		4,766,809
PG&E Corp
5.000% due 07/01/28		500,000		499,375
5.250% due 07/01/30		500,000		503,750
Talen Energy Supply LLC 7.625% due 06/01/28 ~		675,000		676,266
Vistra Operations Co LLC
4.300% due 07/15/29 ~		3,000,000		3,156,078
5.625% due 02/15/27 ~		850,000		874,174

				13,781,305


Total Corporate Bonds & Notes (Cost $476,930,750)				485,546,405


SENIOR LOAN NOTES - 21.2%

Communications - 2.6%

Clear Channel Outdoor Holdings Inc Term B 4.260% (USD LIBOR + 3.500%) due 08/21/26 §		5,710,606		5,210,928


	Principal Amount		Value
CommScope Inc Term B-2 3.428% (USD LIBOR + 3.250%) due 04/04/26 §		$3,473,750		$3,308,747
CSC Holdings LLC 2.435% (USD LIBOR + 2.250%) due 07/17/25 §		636,562		605,371
T-Mobile USA Inc Term B 3.178% (USD LIBOR + 3.000%) due 04/01/27 §		3,750,000		3,750,000
Uber Technologies Inc Term B 5.000% (USD LIBOR + 4.000%) due 04/04/25 §		3,462,235		3,322,302
Zayo Group Holdings Inc Term B 3.178% (USD LIBOR + 3.000%) due 03/09/27 §		2,244,375		2,134,612

				18,331,960

Consumer, Cyclical - 4.4%

Bass Pro Group LLC Term B 6.072% (USD LIBOR + 5.000%) due 09/25/24 §		3,445,586		3,330,158
Caesars Resort Collection LLC Term B 2.928% (USD LIBOR + 2.750%) due 12/22/24 §		6,352,273		5,692,341
ClubCorp Holdings Inc Term B 3.058% (USD LIBOR + 2.750%) due 09/18/24 §		4,396,839		3,750,503
Golden Nugget LLC Term B 3.454% (USD LIBOR + 2.500%) due 10/04/23 §		285,565		236,591
SeaWorld Parks & Entertainment Inc Term B-5 3.750% (USD LIBOR + 3.000%) due 03/31/24 §		5,739,521		5,132,090
Spectacle Gary Holdings LLC 11.000% (USD LIBOR + 9.000%) due 12/23/25 §		3,263,514		3,035,068
SRS Distribution Inc Term B 4.322% (USD LIBOR + 3.250%) due 05/24/25 §		4,931,035		4,684,483
Tacala Investment Corp Term B
3.678% (USD LIBOR + 3.500%) due 02/05/27 §		3,919,874		3,717,346
(2nd Lien) 7.678% (USD LIBOR + 7.500%) due 02/05/28 §		1,500,000		1,357,500

				30,936,080

Consumer, Non-Cyclical - 2.7%

Garda World Security Corp Term B (Canada) 4.930% (USD LIBOR + 4.750%) due 10/30/26 §		2,404,729		2,368,658
Jaguar Holding Co II 3.500% (USD LIBOR + 2.500%) due 08/18/22 §		863,636		851,067
LifePoint Health Inc Term B 3.928% (USD LIBOR + 3.750%) due 11/16/25 §		5,151,861		4,826,650
North American Lifting Holdings Inc 5.950% (USD LIBOR + 4.500%) due 11/27/20 § y		2,454,242		1,828,410
(2nd Lien) 10.450% (USD LIBOR + 9.000%) due 11/27/21 § y ±		2,000,000		340,000


	Principal Amount		Value
Ortho-Clinical Diagnostics SA Term B (Luxembourg) 3.429% (USD LIBOR + 3.250%) due 06/30/25 §		$3,948,187		$3,696,490
PetVet Care Centers LLC 2.928% (USD LIBOR + 2.750%) due 02/14/25 §		2,984,735		2,878,404
Sunshine Luxembourg VII SARL Term B (Luxembourg) 5.322% (USD LIBOR + 4.250%) due 10/02/26 §		2,736,250		2,623,869

				19,413,548

Energy - 0.4%

Traverse Midstream Partners LLC Term B 5.000% (USD LIBOR + 4.000%) due 09/27/24 §		3,475,997		2,916,942


Financial - 2.3%

AssuredPartners Inc Term B 3.678% (USD LIBOR + 3.500%) due 02/13/27 §		5,472,500		5,246,759
Deerfield Dakota Holding LLC Term B 4.750% (USD LIBOR + 3.750%) due 04/09/27 §		1,500,000		1,460,157
NFP Corp Term B 3.428% (USD LIBOR + 3.250%) due 02/13/27 §		4,738,125		4,430,147
USI Inc Term B 3.308% (USD LIBOR + 3.000%) due 05/16/24 §		5,382,327		5,123,976

				16,261,039

Industrial - 6.4%

Advanced Disposal Services Inc Term B 3.000% (USD LIBOR + 2.250%) due 11/10/23 §		2,720,867		2,697,060
Brand Industrial Services Inc 5.452% (USD LIBOR + 4.250%) due 06/21/24 §		3,889,724		3,576,115
Cornerstone Building Brands Inc Term B 3.941% (USD LIBOR + 3.750%) due 04/12/25 §		3,874,694		3,698,717
Crosby US Acquisition Corp Term B 4.940% (USD LIBOR + 4.750%) due 06/27/26 §		2,970,000		2,754,675
Dynasty Acquisition Co Inc 3.808% (USD LIBOR + 3.500%) due 04/08/26 §		3,793,766		3,272,123
Engineered Machinery Holdings Inc 4.000% (USD LIBOR + 3.000%) due 07/19/24 §		3,855,230		3,691,382
Flex Acquisition Co Inc
4.433% (USD LIBOR + 3.000%) due 12/29/23 §		3,765,190		3,617,719
Term B 4.683% (USD LIBOR + 3.250%) due 06/29/25 §		978,518		921,642
GFL Environmental Inc Term B (Canada) 4.000% (USD LIBOR + 3.000%) due 05/31/25 §		4,048,404		3,945,506
Mauser Packaging Solutions Holding Co Term B 4.561% (USD LIBOR + 3.250%) due 04/03/24 §		3,156,147		2,850,000


	Principal Amount		Value
Reynolds Group Holdings Inc Term B 2.928% (USD LIBOR + 2.750%) due 02/05/23 §		$3,146,588		$3,010,498
Standard Aero Ltd 3.808% (USD LIBOR + 3.500%) due 04/08/26 §		2,039,659		1,759,206
Titan Acquisition Ltd Term B (Canada) 3.361% (USD LIBOR + 3.000%) due 03/28/25 §		3,920,193		3,592,857
TransDigm Inc Term E 2.428% (USD LIBOR + 2.250%) due 05/30/25 §		2,487,500		2,248,596
Term F 2.428% (USD LIBOR + 2.250%) due 12/09/25 §		960,293		871,665
Term G 2.428% (USD LIBOR + 2.250%) due 08/22/24 §		2,796,763		2,536,314

				45,044,075

Technology - 1.8%

Tempo Acquisition LLC Term B 2.928% (USD LIBOR + 2.750%) due 05/01/24 §		4,948,980		4,723,182
The Ultimate Software Group Inc due 05/03/26 ¥		3,000,000		2,970,804
Vertafore Inc
(2nd Lien) 7.428% (USD LIBOR + 7.250%) due 07/02/26 §		1,000,000		993,000
Term B 3.428% (USD LIBOR + 3.250%) due 07/02/25 §		4,452,399		4,210,696

				12,897,682

Utilities - 0.6%

PG&E Corp Term B 5.500% (USD LIBOR + 4.500%) due 06/23/25 §		4,250,000		4,202,187


Total Senior Loan Notes (Cost $160,924,303)				150,003,513


ASSET-BACKED SECURITIES - 3.6%

Apidos CLO XXX ‘A2’ (Cayman) 2.735% (USD LIBOR + 1.600%) due 10/18/31 § ~		2,400,000		2,309,522
Buttermilk Park CLO Ltd ‘A1’ (Cayman) 2.319% (USD LIBOR + 1.100%) due 10/15/31 § ~		700,000		680,177
Dryden 43 Senior Loan Fund (Cayman) 2.885% (USD LIBOR + 1.750%) due 07/20/29 § ~		1,200,000		1,175,021
Dryden 55 CLO Ltd (Cayman) 3.119% (USD LIBOR + 1.900%) due 04/15/31 § ~		250,000		232,759
Dryden 58 CLO Ltd (Cayman)
2.635% (USD LIBOR + 1.500%) due 07/17/31 § ~		1,500,000		1,439,789
2.935% (USD LIBOR + 1.800%) due 07/17/31 § ~		1,500,000		1,402,979


	Principal Amount		Value
Dryden 61 CLO Ltd (Cayman)
2.785% (USD LIBOR + 1.650%) due 01/17/32 § ~		$1,500,000		$1,455,067
3.185% (USD LIBOR + 2.050%) due 01/17/32 § ~		1,500,000		1,436,705
Dryden 64 CLO Ltd (Cayman) 2.535% (USD LIBOR + 1.400%) due 04/18/31 § ~		2,600,000		2,477,078
Madison Park Funding Ltd (Cayman)
2.819% (USD LIBOR + 1.600%) due 07/15/30 § ~		2,000,000		1,933,166
2.885% (USD LIBOR + 1.750%) due 10/18/30 § ~		2,650,000		2,593,294
3.069% (USD LIBOR + 1.850%) due 07/15/30 § ~		1,000,000		945,000
Palmer Square Loan Funding CLO Ltd (Cayman)
1.727% (USD LIBOR + 1.350%) due 02/20/28 § ~		2,000,000		1,929,098
2.277% (USD LIBOR + 1.900%) due 02/20/28 § ~		1,000,000		934,999
Palmer Square Loan Funding Ltd (Cayman) 4.270% (USD LIBOR + 3.250%) due 10/24/27 § ~		2,250,000		2,151,420
Regatta XIII Funding Ltd ‘D’ (Cayman) 7.169% (USD LIBOR + 5.950%) due 07/15/31 § ~		2,500,000		2,127,626


Total Asset-Backed Securities (Cost $26,500,000)				25,223,700


FOREIGN GOVERNMENT BONDS & NOTES - 0.4%

Mexico Government (Mexico) 3.750% due 01/11/28		2,750,000		2,867,769


Total Foreign Government Bonds & Notes (Cost $2,740,722)				2,867,769


	Shares
SHORT-TERM INVESTMENT - 2.3%

Money Market Fund - 2.3%

BlackRock Liquidity Funds T-Fund Portfolio ‘Institutional’ 0.110%		16,242,942		16,242,942


Total Short-Term Investment (Cost $16,242,942)				16,242,942


TOTAL INVESTMENTS - 99.4% (Cost $709,524,478)				703,554,550

OTHER ASSETS & LIABILITIES, NET - 0.6%				4,458,610


NET ASSETS - 100.0%				$708,013,160

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of June 30, 2020:

The following is a reconciliation of investments for significant unobservable inputs (Level 3) used in valuing the Fund’s assets and liabilities for the three month period ended June 30, 2020:


	Senior Loan Notes and Unfunded Loan Commitment
Value, Beginning of Period		$27,304,580
Purchases		—
Sales (Includes Paydowns)		(3,285,634	)
Accrued Discounts (Premiums)		30,109
Net Realized Gains (Losses)		(245,144	)
Change in Net Unrealized Appreciation (Depreciation)		2,465,965
Transfers In		—
Transfers Out		(25,929,876	)

Value, End of Period		$340,000

Change in Net Unrealized Appreciation (Depreciation) on Level 3 Investments Held at the End of Period, if Applicable		($324,178	)


	Shares		Value
EXCHANGE-TRADED FUNDS - 2.5%

Invesco Senior Loan		937,158		$20,008,323
iShares iBoxx High Yield Corporate Bond		169,425		13,828,469


Total Exchange-Traded Funds (Cost $32,810,683)				33,836,792


	Principal Amount
CORPORATE BONDS & NOTES - 4.0%

Communications - 0.9%

CommScope Inc
5.500% due 03/01/24 ~		$6,770,000		6,854,625
6.000% due 03/01/26 ~		1,668,000		1,714,087
CSC Holdings LLC 5.375% due 07/15/23 ~		4,000,000		4,060,800

				12,629,512

Consumer, Cyclical - 1.9%

Beacon Roofing Supply Inc 4.500% due 11/15/26 ~		4,641,000		4,568,414
eG Global Finance PLC (United Kingdom)
6.750% due 02/07/25 ~		8,159,000		8,052,770
8.500% due 10/30/25 ~		2,000,000		2,053,960
Marriott International Inc 5.750% due 05/01/25		9,811,000		10,703,392

				25,378,536

Consumer, Non-Cyclical - 0.1%

Avantor Inc 6.000% due 10/01/24 ~		1,250,000		1,307,500


Financial - 0.1%

NFP Corp 7.000% due 05/15/25 ~		1,000,000		1,054,375


Industrial - 1.0%

Ardagh Packaging Finance PLC 5.250% due 04/30/25 ~		7,295,000		7,500,172
TransDigm Inc 6.250% due 03/15/26 ~		5,800,000		5,806,380

				13,306,552


Total Corporate Bonds & Notes (Cost $53,805,983)				53,676,475


SENIOR LOAN NOTES - 92.5%

Basic Materials - 2.5%

ASP Unifrax Holdings Inc Term B 4.822% (USD LIBOR + 3.750%) due 12/14/25 §		10,975,923		9,115,504


	Principal Amount		Value
Diamond BC BV
due 09/06/24 ¥		$11,158,887		$10,303,369
6.000% (USD LIBOR + 5.000%) due 09/06/24 §		750,000		735,938
Illuminate Buyer LLC Term B due 06/30/27 ¥		2,000,000		1,973,750
Messer Industries USA Inc Term B 2.808% (USD LIBOR + 2.500%) due 03/01/26 §		9,984,550		9,545,230
PQ Corp Term B due 02/07/27 ¥		1,000,000		981,250

				32,655,041

Communications - 7.6%

Clear Channel Outdoor Holdings Inc Term B 4.260% (USD LIBOR + 3.500%) due 08/21/26 §		23,203,419		21,173,119
CommScope Inc Term B-2 3.428% (USD LIBOR + 3.250%) due 04/04/26 §		11,185,416		10,654,108
CSC Holdings LLC Term B-5 2.685% (USD LIBOR + 2.500%) due 04/15/27 §		11,481,705		10,947,806
MH Sub I LLC 4.750% (USD LIBOR + 3.750%) due 09/15/24 §		3,500,000		3,346,875
MTN Infrastructure TopCo Inc Term B 5.000% (USD LIBOR + 4.000%) due 11/17/24 §		3,750,000		3,656,250
Pug LLC Term B 3.678% (USD LIBOR + 3.500%) due 02/13/27 § ±		10,569,070		9,300,781
T-Mobile USA Inc Term B 3.178% (USD LIBOR + 3.000%) due 04/01/27 §		16,500,000		16,500,000
Uber Technologies Inc Term B
3.678% (USD LIBOR + 3.500%) due 07/13/23 § ¥		3,136,988		2,991,903
5.000% (USD LIBOR + 4.000%) due 04/04/25 §		17,822,837		17,102,491
Zayo Group Holdings Inc Term B 3.178% (USD LIBOR + 3.000%) due 03/09/27 §		5,826,600		5,541,644

				101,214,977

Consumer, Cyclical - 13.4%

Alterra Mountain Co Term B
2.928% (USD LIBOR + 2.750%) due 07/31/24 §		1,994,885		1,886,413
5.500% (USD LIBOR + 4.500%) due 08/01/26 §		4,738,125		4,667,053
American Builders & Contractors Supply Co Inc Term B 2.178% (USD LIBOR + 2.000%) due 01/15/27 §		3,390,370		3,243,736
Bass Pro Group LLC Term B 6.072% (USD LIBOR + 5.000%) due 09/25/24 §		7,978,898		7,711,605
Belk Inc Term B 8.803% (USD LIBOR + 6.750%) due 07/31/25 §		6,898,131		2,514,369
Bombardier Recreational Products Inc Term B-2 (Canada) 6.000% (USD LIBOR + 5.000%) due 05/24/27 §		4,250,000		4,271,250


	Principal Amount		Value
Caesars Resort Collection LLC Term B 2.928% (USD LIBOR + 2.750%) due 12/22/24 §		$8,007,632		$7,175,727
Carnival Corp Term B due 06/30/25 ¥		6,000,000		5,820,000
CityCenter Holdings LLC Term B 3.000% (USD LIBOR + 2.250%) due 04/18/24 §		8,026,315		7,317,327
Clarios Global LP Term B 3.678% (USD LIBOR + 3.500%) due 04/30/26 §		1,542,614		1,474,482
ClubCorp Holdings Inc Term B 3.058% (USD LIBOR + 2.750%) due 09/18/24 §		11,216,640		9,567,794
Core & Main LP Term B 3.750% (USD LIBOR + 3.000%) due 08/01/24 §		12,795,725		12,235,912
Curium Bidco SARL Term B (Luxembourg) 5.072% (USD LIBOR + 4.000%) due 07/11/26 §		5,441,503		5,339,475
CWGS Group LLC Term B 4.123% (USD LIBOR + 2.750%) due 11/08/23 § ¥		9,545,040		8,754,596
EG America LLC (2nd Lien) (United Kingdom) 9.072% (USD LIBOR + 8.000%) due 04/20/26 §		1,545,460		1,421,823
Golden Nugget LLC Term B 3.454% (USD LIBOR + 2.500%) due 10/04/23 §		1,890,360		1,566,163
K-MAC Holdings Corp
due 03/16/25 ¥		2,210,280		2,079,504
(2nd Lien) 6.928% (USD LIBOR + 6.750%) due 03/16/26 §		5,456,167		4,958,291
Motion Finco LLC Term B (United Kingdom) 4.322% (USD LIBOR + 3.250%) due 11/04/26 §		1,990,013		1,813,398
PetSmart Inc Term B-2 5.000% (USD LIBOR + 4.000%) due 03/11/22 §		10,869,592		10,758,635
Restaurant Brands International Inc Term B (Canada) 1.928% (USD LIBOR + 1.750%) due 11/19/26 §		2,719,395		2,585,465
SeaWorld Parks & Entertainment Inc Term B-5 3.750% (USD LIBOR + 3.000%) due 03/31/24 §		11,868,827		10,612,713
SMG US Midco 2 Inc 3.271% (USD LIBOR + 2.500%) due 01/23/25 § ±		4,468,955		3,966,198
SRS Distribution Inc Term B
4.322% (USD LIBOR + 3.250%) due 05/24/25 § ¥		24,232,326		23,020,709
5.572% (USD LIBOR + 4.500%) due 05/24/25 §		6,843,131		6,672,053
Stars Group Holdings BV Term B (Canada) 3.808% (USD LIBOR + 3.500%) due 07/10/25 §		8,032,813		8,004,779
Tacala Investment Corp Term B 3.678% (USD LIBOR + 3.500%) due 02/05/27 § ¥		3,548,220		3,364,894
Univar Solutions USA Inc Term B-5 Term B-5 2.178% (USD LIBOR + 2.000%) due 11/22/26 §		2,487,500		2,386,134


	Principal Amount		Value
Whatabrands LLC Term B 2.925% (USD LIBOR + 2.750%) due 08/03/26 §		$12,905,150		$12,380,878

				177,571,376

Consumer, Non-Cyclical - 22.5%

AlixPartners LLP Term B 2.674% (USD LIBOR + 2.500%) due 04/04/24 §		17,151,883		16,598,735
Allied Universal Holdco LLC 4.428% (USD LIBOR + 4.250%) due 07/12/26 §		17,910,693		17,388,292
Arterra Wines Canada Inc Term B-1 (Canada) 3.750% (USD LIBOR + 2.750%) due 12/15/23 § ¥		4,562,477		4,437,009
AVSC Holding Corp (2nd Lien) 8.250% (USD LIBOR + 7.250%) due 09/01/25 §		6,769,671		4,214,120
Bausch Health Americas Inc Term B
2.940% (USD LIBOR + 2.750%) due 11/27/25 §		5,072,226		4,911,604
3.190% (USD LIBOR + 3.000%) due 06/01/25 § ¥		17,785,155		17,293,289
CHG PPC Parent LLC Term B 2.928% (USD LIBOR + 2.750%) due 03/30/25 §		6,886,318		6,585,042
Da Vinci Purchaser Corp Term B 5.238% (USD LIBOR + 4.000%) due 01/08/27 §		9,551,992		9,321,149
Endo International PLC Term B 5.000% (USD LIBOR + 4.250%) due 04/27/24 §		12,439,094		11,720,737
Garda World Security Corp Term B (Canada) 4.930% (USD LIBOR + 4.750%) due 10/30/26 §		5,824,757		5,737,385
Guidehouse LLP 4.678% (USD LIBOR + 4.500%) due 05/01/25 §		3,711,443		3,609,379
H-Food Holdings LLC
3.866% (USD LIBOR + 3.688%) due 05/31/25 §		988,627		944,386
Term B-2 4.178% (USD LIBOR + 4.000%) due 05/31/25 §		5,925,812		5,688,779
Term B-3 6.000% (USD LIBOR + 5.000%) due 05/31/25 §		875,000		855,313
Heartland Dental LLC 3.678% (USD LIBOR + 3.750%) due 04/30/25 §		11,388,037		10,112,577
Jaguar Holding Co II 3.500% (USD LIBOR + 2.500%) due 08/18/22 § ¥		20,557,872		20,258,672
LifePoint Health Inc Term B 3.928% (USD LIBOR + 3.750%) due 11/16/25 § ¥		17,538,568		16,431,446
Mister Car Wash Holdings Inc 4.375% (USD LIBOR + 3.250%) due 05/14/26 § ¥		9,625,229		8,706,020
Ortho-Clinical Diagnostics SA Term B (Luxembourg) 3.429% (USD LIBOR + 3.250%) due 06/30/25 § ¥		14,476,167		13,553,312
PAREXEL International Corp Term B 2.928% (USD LIBOR + 2.750%) due 09/27/24 § ¥		9,908,891		9,429,965


	Principal Amount		Value
Pathway Vet Alliance LLC due 03/31/27 ¥		$10,633,614		$10,371,091
PetVet Care Centers LLC
(2nd Lien) 6.428% (USD LIBOR + 6.250%) due 02/15/26 §		6,561,353		6,397,319
Term B 3.428% (USD LIBOR + 3.250%) due 02/14/25 §		4,738,790		4,569,970
Refinitiv US Holdings Inc Term B 3.424% (USD LIBOR + 3.250%) due 10/01/25 §		15,959,494		15,634,319
Spin Holdco Inc Term B 4.250% (USD LIBOR + 3.250%) due 11/14/22 §		21,489,582		20,652,391
Sunshine Luxembourg VII SARL Term B (Luxembourg) 5.322% (USD LIBOR + 4.250%) due 10/02/26 § ¥		14,071,831		13,493,887
VetCor Professional Practices LLC 4.072% (USD LIBOR + 3.000%) due 07/02/25 §		16,183,658		15,536,312
VVC Holding Corp Term B 4.818% (USD LIBOR + 4.500%) due 02/11/26 §		13,431,990		13,017,841
Wand NewCo 3 Inc Term B-1 4.072% (USD LIBOR + 3.000%) due 02/05/26 §		11,910,227		11,344,491

				298,814,832

Diversified - 0.4%

First Eagle Holdings Inc Term B 2.808% (USD LIBOR + 2.500%) due 02/02/27 §		4,975,000		4,802,950


Financial - 12.7%

Acrisure LLC Term B 3.678% (USD LIBOR + 3.500%) due 02/15/27 §		17,955,000		17,012,363
Alliant Holdings Intermediate LLC Term B
2.928% (USD LIBOR + 3.000%) due 05/10/25 § ¥		21,072,506		20,018,880
3.440% (USD LIBOR + 3.250%) due 05/10/25 §		2,402,502		2,310,606
AssuredPartners Inc Term B
3.678% (USD LIBOR + 3.500%) due 02/13/27 §		22,901,821		21,957,121
5.500% (USD LIBOR + 4.500%) due 02/13/27 § ¥		3,240,005		3,191,405
Blackstone Mortgage Trust Inc Term B 2.428% (USD LIBOR + 2.250%) due 04/23/26 §		2,365,579		2,223,645
BroadStreet Partners Inc Term B 3.428% (USD LIBOR + 3.250%) due 01/27/27 §		10,793,948		10,325,080
Cushman & Wakefield US Borrower LLC Term B 2.928% (USD LIBOR + 2.750%) due 08/21/25 §		9,482,414		8,978,660
Deerfield Dakota Holding LLC
(2nd Lien) due 04/14/28 ¥		4,850,000		4,643,875
Term B 4.750% (USD LIBOR + 3.750%) due 04/09/27 § ¥		17,250,000		16,791,806


	Principal Amount		Value
HUB International Ltd Term B
4.020% (USD LIBOR + 2.750%) due 04/25/25 § ¥		$13,091,588		$12,518,831
5.000% (USD LIBOR + 4.000%) due 04/25/25 §		8,422,712		8,336,144
NFP Corp Term B 3.428% (USD LIBOR + 3.250%) due 02/13/27 §		18,269,070		17,081,581
USI Inc Term B
3.308% (USD LIBOR + 3.000%) due 05/16/24 § ¥		21,956,570		20,902,655
4.308% (USD LIBOR + 4.000%) due 12/02/26 § ¥		3,031,672		2,946,406

				169,239,058

Industrial - 16.4%

Advanced Disposal Services Inc Term B 3.000% (USD LIBOR + 2.250%) due 11/10/23 §		4,942,236		4,898,992
APi Group DE Inc Term B 2.678% (USD LIBOR + 2.500%) due 10/01/26 §		1,492,500		1,448,658
Berry Global Inc Term W 2.177% (USD LIBOR + 2.000%) due 10/01/22 §		11,524,974		11,258,459
Brand Industrial Services Inc 5.452% (USD LIBOR + 4.250%) due 06/21/24 § ¥		11,029,262		10,140,028
Cornerstone Building Brands Inc Term B 3.941% (USD LIBOR + 3.750%) due 04/12/25 §		11,023,761		10,523,095
DiversiTech Holdings Inc Term B 4.000% (USD LIBOR + 3.000%) due 06/01/24 §		5,523,204		5,288,468
Dynasty Acquisition Co Inc 3.808% (USD LIBOR + 3.500%) due 04/08/26 §		14,893,299		12,845,471
Engineered Machinery Holdings Inc
4.000% (USD LIBOR + 3.000%) due 07/19/24 §		8,284,684		7,932,585
5.250% (USD LIBOR + 4.250%) due 07/19/24 §		216,402		209,368
EWT Holdings III Corp 2.928% (USD LIBOR + 2.750%) due 12/20/24 §		6,617,358		6,431,245
Filtration Group Corp Term B 3.178% (USD LIBOR + 3.000%) due 03/29/25 §		17,789,952		17,145,066
Flex Acquisition Co Inc Term B 4.683% (USD LIBOR + 3.250%) due 06/29/25 §		2,176,909		2,050,377
Gates Global LLC Term B-2 3.750% (USD LIBOR + 2.750%) due 03/31/24 § ¥		14,640,366		14,146,253
GFL Environmental Inc Term B (Canada) 4.000% (USD LIBOR + 3.000%) due 05/31/25 §		4,610,360		4,493,178
Granite US Holdings Corp Term B 6.322% (USD LIBOR + 5.250%) due 09/30/26 § ±		9,725,503		8,558,442
LTI Holdings Inc
due 07/24/26 ¥		674,500		575,011
Term B 3.678% (USD LIBOR + 3.500%) due 09/06/25 §		10,047,614		8,548,841


	Principal Amount		Value
Mauser Packaging Solutions Holding Co Term B 4.561% (USD LIBOR + 3.250%) due 04/03/24 § ¥		$11,030,932		$9,960,932
Pro Mach Group Inc Term B 2.930% (USD LIBOR + 2.750%) due 03/07/25 §		9,696,461		9,102,553
Reynolds Group Holdings Inc Term B 2.928% (USD LIBOR + 2.750%) due 02/05/23 § ¥		22,090,753		21,135,328
Standard Aero Ltd 3.808% (USD LIBOR + 3.500%) due 04/08/26 §		8,007,150		6,906,167
The Hillman Group Inc Term B 5.072% (USD LIBOR + 4.000%) due 05/31/25 §		15,117,880		14,276,948
TransDigm Inc
Term E 2.428% (USD LIBOR + 2.250%) due 05/30/25 §		2,596,471		2,347,100
Term F 2.428% (USD LIBOR + 2.250%) due 12/09/25 §		6,082,897		5,521,494
Term G 2.428% (USD LIBOR + 2.250%) due 08/22/24 §		11,787,926		10,690,176
WP CPP Holdings LLC Term B 4.750% (USD LIBOR + 3.750%) due 04/30/25 §		14,056,526		12,229,177

				218,663,412

Technology - 16.3%

Applied Systems Inc
(2nd Lien) 8.000% (USD LIBOR + 7.000%) due 09/19/25 §		16,389,070		16,430,043
Term B 4.250% (USD LIBOR + 3.250%) due 09/19/24 § ¥		16,426,969		16,077,896
Epicor Software Corp Term B 3.430% (USD LIBOR + 3.250%) due 06/01/22 § ¥		18,533,432		18,189,247
Finastra USA Inc Term B 4.500% (USD LIBOR + 3.500%) due 06/13/24 § ¥		9,000,000		7,908,750
Kronos Inc (2nd Lien)
9.250% (USD LIBOR + 8.250%) due 11/01/24 §		6,785,000		6,788,637
Term B 3.179% (USD LIBOR + 3.000%) due 11/01/23 §		17,079,083		17,063,063
Rackspace Hosting Inc Term B 4.000% (USD LIBOR + 3.000%) due 11/03/23 § ¥		4,864,075		4,630,599
RP Crown Parent LLC Term B due 10/12/23 ¥		1,496,124		1,461,526
Sophia LP Term B 4.250% (USD LIBOR + 3.250%) due 09/30/22 §		21,278,600		20,806,471
Tempo Acquisition LLC Term B 2.928% (USD LIBOR + 2.750%) due 05/01/24 §		27,114,982		25,877,861
The Dun & Bradstreet Corp Term B 4.184% (USD LIBOR + 4.000%) due 02/08/26 §		27,949,950		27,321,076


	Principal Amount		Value
The Ultimate Software Group Inc
due 05/03/26 ¥		$5,750,000		$5,694,041
3.928% (USD LIBOR + 3.750%) due 05/03/26 §		13,932,188		13,516,716
(2nd Lien) due 05/03/27 ¥		7,250,000		7,390,469
Vertafore Inc
(2nd Lien) 7.428% (USD LIBOR + 7.250%) due 07/02/26 §		16,900,000		16,781,700
Term B 3.428% (USD LIBOR + 3.250%) due 07/02/25 § ¥		11,664,818		11,031,582

				216,969,677

Utilities - 0.7%

PG&E Corp Term B 5.500% (USD LIBOR + 4.500%) due 06/23/25 §		10,000,000		9,887,500


Total Senior Loan Notes (Cost $1,274,560,791)				1,229,818,823


	Shares
SHORT-TERM INVESTMENT - 5.7%

BlackRock Liquidity Funds T-Fund Portfolio ‘Institutional’ 0.110%		75,350,337		75,350,337


Total Short-Term Investment (Cost $75,350,337)				75,350,337


TOTAL INVESTMENTS - 104.7% (Cost $1,436,527,794)				1,392,682,427

OTHER ASSETS & LIABILITIES, NET - (4.7%)				(62,600,851	)


NET ASSETS - 100.0%				$1,330,081,576

Notes to Schedule of Investments

(a)	Pursuant to the terms of the following senior loan agreement, the Fund had an unfunded loan commitment which could be extended at the option of the borrower.

Borrower

Unfunded Loan
Commitment

Value

Unrealized
Appreciation
(Depreciation)

Pathway Vet Alliance LLC

$844,727

$844,997

$270

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of June 30, 2020:

The following is a reconciliation of investments for significant unobservable inputs (Level 3) used in valuing the Fund’s assets and liabilities for the three month period ended June 30, 2020:


	Senior Loan Notes
Value, Beginning of Period		$136,049,366
Purchases		28,188,860
Sales		(40,461,614	)
Accrued Discounts (Premiums)		55,614
Net Realized Gains		(6,573,461	)
Change in Net Unrealized Depreciation		20,585,067
Transfers In		—
Transfers Out		(116,018,411	)

Value, End of Period		$21,825,421

Change in Net Unrealized Appreciation (Depreciation) on Level 3 Investments Held at the End of Period, if Applicable		($317,539	)


	Shares		Value
COMMON STOCKS - 1.4%

Basic Materials - 0.2%

Constellium SE *		19,340		$148,531
Hexion Holdings Corp ‘B’ *		11,203		75,621

				224,152

Consumer, Cyclical - 0.2%

Beazer Homes USA Inc *		9,998		100,680
Cedar Fair LP		3,561		97,927
Las Vegas Sands Corp		1,881		85,661

				284,268

Consumer, Non-Cyclical - 0.1%

HCA Healthcare Inc		1,485		144,134


Energy - 0.1%

Chevron Corp		804		71,741
Exxon Mobil Corp		1,235		55,229

				126,970

Financial - 0.4%

Citigroup Inc		4,210		215,131
Outfront Media Inc REIT		4,360		61,781
The Goldman Sachs Group Inc		1,166		230,425

				507,337

Industrial - 0.4%

Crown Holdings Inc *		2,964		193,045
Evoqua Water Technologies Corp *		14,233		264,734
Xylem Inc		2,037		132,324

				590,103


Total Common Stocks (Cost $2,079,173)				1,876,964


EXCHANGE-TRADED FUNDS - 1.1%

iShares iBoxx High Yield Corporate Bond		7,851		640,799
SPDR Bloomberg Barclays High Yield Bond		8,633		873,314


Total Exchange-Traded Funds (Cost $1,502,727)				1,514,113


	Principal Amount
CORPORATE BONDS & NOTES - 86.9%

Basic Materials - 2.7%

Alcoa Nederland Holding BV 7.000% due 09/30/26 ~		$525,000		539,340
Barminco Finance Pty Ltd (Australia) 6.625% due 05/15/22 ~		550,000		544,844
Constellium SE 6.625% due 03/01/25 ~		515,000		522,408
Hecla Mining Co 7.250% due 02/15/28		475,000		483,313


	Principal Amount		Value
Hexion Inc 7.875% due 07/15/27 ~		$400,000		$365,012
JW Aluminum Continuous Cast Co 10.250% due 06/01/26 ~		475,000		495,691
Minerals Technologies Inc 5.000% due 07/01/28 ~		50,000		50,875
Novelis Corp
4.750% due 01/30/30 ~		650,000		622,362
5.875% due 09/30/26 ~		100,000		100,117

				3,723,962

Communications - 16.5%

Altice Financing SA (Luxembourg) 7.500% due 05/15/26 ~		725,000		763,081
Altice France SA (France) 7.375% due 05/01/26 ~		575,000		600,869
CCO Holdings LLC
4.750% due 03/01/30 ~		1,600,000		1,639,552
5.000% due 02/01/28 ~		100,000		103,350
CenturyLink Inc 4.000% due 02/15/27 ~		500,000		485,107
Clear Channel Worldwide Holdings Inc
5.125% due 08/15/27 ~		625,000		601,100
9.250% due 02/15/24		990,000		920,933
CommScope Inc
6.000% due 03/01/26 ~		400,000		411,052
8.250% due 03/01/27 ~		550,000		566,203
CommScope Technologies LLC 6.000% due 06/15/25 ~		100,000		96,830
CSC Holdings LLC
6.500% due 02/01/29 ~		1,750,000		1,915,156
6.625% due 10/15/25 ~		1,350,000		1,406,518
Diamond Sports Group LLC 12.750% due 12/01/26 ~		770,000		758,450
Lamar Media Corp
3.750% due 02/15/28 ~		575,000		543,907
4.000% due 02/15/30 ~		25,000		23,993
Level 3 Financing Inc
4.625% due 09/15/27 ~		850,000		858,793
5.250% due 03/15/26		1,150,000		1,187,565
Nexstar Broadcasting Inc 5.625% due 07/15/27 ~		675,000		676,708
Outfront Media Capital LLC
4.625% due 03/15/30 ~		50,000		45,916
5.000% due 08/15/27 ~		775,000		698,810
6.250% due 06/15/25 ~		175,000		176,912
Radiate Holdco LLC 6.875% due 02/15/23 ~		425,000		431,862
Sprint Capital Corp 8.750% due 03/15/32		500,000		715,245
Sprint Corp
7.625% due 02/15/25		650,000		751,341
7.625% due 03/01/26		700,000		827,879
7.875% due 09/15/23		400,000		450,998
T-Mobile USA Inc 6.500% due 01/15/24		1,500,000		1,537,222
The Interpublic Group of Cos Inc 4.750% due 03/30/30		350,000		413,402
Uber Technologies Inc
7.500% due 05/15/25 ~		125,000		126,484
8.000% due 11/01/26 ~		500,000		509,500
Virgin Media Secured Finance PLC (United Kingdom) 5.500% due 08/15/26 ~		1,450,000		1,487,475


	Principal Amount		Value
Zayo Group Holdings Inc
4.000% due 03/01/27 ~		$750,000		$713,085
6.125% due 03/01/28 ~		75,000		73,067

				22,518,365

Consumer, Cyclical - 16.0%

American Airlines Pass-Through Trust ‘B’
3.850% due 08/15/29		340,716		239,983
5.250% due 07/15/25		115,997		77,111
Aramark Services Inc 6.375% due 05/01/25 ~		350,000		362,077
Ashton Woods USA LLC 6.625% due 01/15/28 ~		595,000		586,075
Beazer Homes USA Inc 5.875% due 10/15/27		1,225,000		1,173,740
Boyd Gaming Corp 8.625% due 06/01/25 ~		425,000		444,922
Caesars Resort Collection LLC 5.250% due 10/15/25 ~		1,175,000		1,024,024
Cedar Fair LP
5.250% due 07/15/29 ~		250,000		226,452
5.375% due 04/15/27		500,000		448,952
Clarios Global LP
6.250% due 05/15/26 ~		500,000		517,835
8.500% due 05/15/27 ~		250,000		251,869
Colt Merger Sub Inc
due 07/01/25 # ~		50,000		49,735
due 07/01/27 # ~		75,000		73,125
Constellation Merger Sub Inc 8.500% due 09/15/25 ~		900,000		723,280
Core & Main Holdings LP 8.625% Cash or 9.375% PIK due 09/15/24 ~		250,000		251,155
Core & Main LP 6.125% due 08/15/25 ~		700,000		699,835
Downstream Development Authority of the Quapaw Tribe of Oklahoma 10.500% due 02/15/23 ~		725,000		615,268
eG Global Finance PLC (United Kingdom) 8.500% due 10/30/25 ~		450,000		462,141
Ford Motor Co
4.346% due 12/08/26		1,440,000		1,347,610
7.450% due 07/16/31		750,000		792,244
9.000% due 04/22/25		100,000		108,313
9.625% due 04/22/30		100,000		118,618
Gateway Casinos & Entertainment Ltd (Canada) 8.250% due 03/01/24 ~		625,000		514,778
Golden Nugget Inc
6.750% due 10/15/24 ~		1,375,000		990,000
8.750% due 10/01/25 ~		975,000		553,912
Hilton Grand Vacations Borrower LLC 6.125% due 12/01/24		1,000,000		1,008,645
IRB Holding Corp 7.000% due 06/15/25 ~		425,000		438,016
Jacobs Entertainment Inc 7.875% due 02/01/24 ~		900,000		796,180
Lennar Corp
4.750% due 05/30/25		600,000		642,063
4.750% due 11/29/27		100,000		108,720
Marriott Ownership Resorts Inc 4.750% due 01/15/28 ~		525,000		478,506
Mattel Inc
3.150% due 03/15/23		125,000		118,186
6.750% due 12/31/25 ~		825,000		857,369
Michaels Stores Inc 8.000% due 07/15/27 ~		690,000		600,859


	Principal Amount		Value
New Red Finance Inc (Canada)
3.875% due 01/15/28 ~		$100,000		$97,186
4.375% due 01/15/28 ~		300,000		294,564
5.000% due 10/15/25 ~		725,000		722,604
Scientific Games International Inc
7.000% due 05/15/28 ~		150,000		120,253
7.250% due 11/15/29 ~		150,000		120,254
8.250% due 03/15/26 ~		450,000		400,142
Six Flags Entertainment Corp 5.500% due 04/15/27 ~		875,000		783,125
Six Flags Theme Parks Inc 7.000% due 07/01/25 ~		25,000		25,953
Stars Group Holdings BV (Canada) 7.000% due 07/15/26 ~		250,000		264,109
Tesla Inc 5.300% due 08/15/25 ~		650,000		650,068
The Scotts Miracle-Gro Co 4.500% due 10/15/29		500,000		515,952
US Airways Pass-Through Trust ‘B’ 5.375% due 05/15/23		156,567		127,404

				21,823,212

Consumer, Non-Cyclical - 17.5%

Ahern Rentals Inc 7.375% due 05/15/23 ~		2,801,000		1,354,690
Albertsons Cos Inc
4.625% due 01/15/27 ~		50,000		50,053
5.875% due 02/15/28 ~		1,200,000		1,240,152
Allied Universal Holdco LLC 9.750% due 07/15/27 ~		1,500,000		1,583,235
Bausch Health Americas Inc 8.500% due 01/31/27 ~		1,250,000		1,329,031
Bausch Health Cos Inc
5.000% due 01/30/28 ~		125,000		117,843
6.125% due 04/15/25 ~		275,000		279,312
6.250% due 02/15/29 ~		125,000		125,859
9.000% due 12/15/25 ~		1,050,000		1,132,331
Centene Corp
3.375% due 02/15/30		600,000		606,765
4.250% due 12/15/27		100,000		103,423
4.625% due 12/15/29		100,000		106,127
Charles River Laboratories International Inc
4.250% due 05/01/28 ~		600,000		600,708
5.500% due 04/01/26 ~		400,000		417,162
Community Health Systems Inc 6.625% due 02/15/25 ~		1,375,000		1,295,937
Garda World Security Corp (Canada) 9.500% due 11/01/27 ~		497,000		526,417
HCA Inc
5.375% due 09/01/26		150,000		163,680
5.625% due 09/01/28		100,000		111,772
5.875% due 02/01/29		1,525,000		1,728,275
Jaguar Holding Co II 5.000% due 06/15/28 ~		75,000		76,922
JBS Investments II GmbH
5.750% due 01/15/28 ~		200,000		198,050
7.000% due 01/15/26 ~		1,150,000		1,209,541
JBS USA LUX SA
5.500% due 01/15/30 ~		150,000		154,004
5.875% due 07/15/24 ~		400,000		406,126
6.500% due 04/15/29 ~		50,000		53,178


	Principal Amount		Value
Kraft Heinz Foods Co
3.875% due 05/15/27 ~		$175,000		$183,109
3.950% due 07/15/25		251,000		268,366
4.375% due 06/01/46		750,000		738,180
5.000% due 07/15/35		900,000		990,998
5.200% due 07/15/45		400,000		434,258
LifePoint Health Inc
4.375% due 02/15/27 ~		100,000		94,750
6.750% due 04/15/25 ~		50,000		51,750
Ortho-Clinical Diagnostics Inc 7.375% due 06/01/25 ~		75,000		76,359
Pilgrim’s Pride Corp 5.875% due 09/30/27 ~		550,000		551,383
RegionalCare Hospital Partners Holdings Inc 9.750% due 12/01/26 ~		525,000		537,156
Select Medical Corp 6.250% due 08/15/26 ~		750,000		759,885
Tenet Healthcare Corp
4.625% due 06/15/28 ~		75,000		73,664
4.875% due 01/01/26 ~		180,000		176,576
6.250% due 02/01/27 ~		600,000		597,372
6.750% due 06/15/23		975,000		968,663
7.500% due 04/01/25 ~		25,000		26,672
Tms International Holding Corp 7.250% due 08/15/25 ~		1,416,000		1,161,120
United Rentals North America Inc
4.625% due 10/15/25		300,000		302,091
6.500% due 12/15/26		300,000		315,570
Verscend Escrow Corp 9.750% due 08/15/26 ~		650,000		702,211

				23,980,726

Energy - 11.4%

Antero Midstream Partners LP 5.750% due 01/15/28 ~		500,000		396,265
Antero Resources Corp
5.375% due 11/01/21		925,000		858,696
5.625% due 06/01/23		475,000		305,484
Apache Corp 4.375% due 10/15/28		300,000		265,045
Archrock Partners LP
6.250% due 04/01/28 ~		25,000		22,945
6.875% due 04/01/27 ~		475,000		448,830
Ascent Resources Utica Holdings LLC
7.000% due 11/01/26 ~		525,000		337,869
10.000% due 04/01/22 ~		550,000		470,588
Buckeye Partners LP
4.125% due 03/01/25 ~		25,000		24,044
4.500% due 03/01/28 ~		525,000		494,813
Callon Petroleum Co 6.375% due 07/01/26		400,000		133,424
Cheniere Corpus Christi Holdings LLC 5.125% due 06/30/27		1,175,000		1,291,033
Cheniere Energy Partners LP 5.625% due 10/01/26		675,000		670,423
Crestwood Midstream Partners LP
5.625% due 05/01/27 ~		75,000		62,763
5.750% due 04/01/25		250,000		216,721
6.250% due 04/01/23		325,000		290,097
Denbury Resources Inc 6.375% due 12/31/24 ~		11,000		1,265
Endeavor Energy Resources LP
5.500% due 01/30/26 ~		50,000		48,020
5.750% due 01/30/28 ~		775,000		745,794
6.625% due 07/15/25 ~		50,000		50,516


	Principal Amount		Value
Energy Transfer Operating LP 6.250% due 02/15/23		$800,000		$615,396
EnLink Midstream Partners LP 4.150% due 06/01/25		100,000		77,261
EQM Midstream Partners LP
5.500% due 07/15/28		175,000		167,078
6.000% due 07/01/25 ~		75,000		75,938
6.500% due 07/01/27 ~		250,000		256,708
Global Partners LP 7.000% due 08/01/27		470,000		436,129
MPLX LP 6.875% due 02/15/23		650,000		584,823
Newfield Exploration Co 5.625% due 07/01/24		500,000		475,429
Occidental Petroleum Corp
2.600% due 08/13/21		630,000		617,384
2.600% due 04/15/22		150,000		143,670
2.700% due 08/15/22		550,000		513,037
2.900% due 08/15/24		600,000		514,194
3.125% due 02/15/22		125,000		120,338
due 07/15/25 #		100,000		100,625
due 07/15/27 #		150,000		150,750
Parsley Energy LLC
5.250% due 08/15/25 ~		225,000		216,899
5.375% due 01/15/25 ~		225,000		219,305
5.625% due 10/15/27 ~		25,000		24,683
Range Resources Corp 5.000% due 03/15/23		500,000		427,808
Targa Resources Partners LP
5.125% due 02/01/25		500,000		482,808
5.375% due 02/01/27		50,000		48,366
5.875% due 04/15/26		825,000		818,680
6.500% due 07/15/27		50,000		50,250
USA Compression Partners LP 6.875% due 09/01/27		775,000		737,405
WPX Energy Inc
5.250% due 10/15/27		600,000		561,526
5.875% due 06/15/28		25,000		24,000

				15,595,125

Financial - 6.8%

Ally Financial Inc 5.750% due 11/20/25		900,000		962,584
CNO Financial Group Inc 5.250% due 05/30/29		600,000		645,157
GLP Capital LP REIT 5.750% due 06/01/28		875,000		966,529
Iron Mountain Inc REIT
4.875% due 09/15/29 ~		600,000		584,100
5.000% due 07/15/28 ~		75,000		73,453
5.250% due 03/15/28 ~		100,000		99,732
MGM Growth Properties Operating Partnership LP REIT 4.625% due 06/15/25 ~		50,000		49,192
SBA Communications Corp REIT 3.875% due 02/15/27 ~		700,000		698,043
Springleaf Finance Corp
5.375% due 11/15/29		225,000		212,895
5.625% due 03/15/23		375,000		380,398
6.125% due 03/15/24		625,000		636,441
6.875% due 03/15/25		25,000		25,706
7.125% due 03/15/26		1,350,000		1,398,931
8.875% due 06/01/25		50,000		53,553
The Howard Hughes Corp 5.375% due 03/15/25 ~		2,075,000		1,937,459


	Principal Amount		Value
VICI Properties LP REIT
3.750% due 02/15/27 ~		$175,000		$164,801
4.250% due 12/01/26 ~		200,000		192,233
4.625% due 12/01/29 ~		200,000		195,338

				9,276,545

Industrial - 13.2%

Apex Tool Group LLC 9.000% due 02/15/23 ~		450,000		326,765
ARD Finance SA (Luxembourg) 6.500% Cash or 7.250% PIK due 06/30/27 ~		200,000		198,213
Bombardier Inc (Canada)
5.750% due 03/15/22 ~		325,000		240,589
7.500% due 03/15/25 ~		525,000		344,256
Brand Industrial Services Inc 8.500% due 07/15/25 ~		650,000		587,025
BWX Technologies Inc 4.125% due 06/30/28 ~		250,000		250,313
Cargo Aircraft Management Inc 4.750% due 02/01/28 ~		575,000		571,406
Clark Equipment Co (South Korea) 5.875% due 06/01/25 ~		225,000		231,047
Gates Global LLC 6.250% due 01/15/26 ~		675,000		669,654
GFL Environmental Inc (Canada)
5.125% due 12/15/26 ~		25,000		25,938
7.000% due 06/01/26 ~		620,000		647,007
Granite US Holdings Corp 11.000% due 10/01/27 ~		800,000		780,348
Husky III Holding Ltd (Canada) 13.000% PIK due 02/15/25 ~		175,000		168,984
Itron Inc 5.000% due 01/15/26 ~		1,425,000		1,424,729
Mauser Packaging Solutions Holding Co
5.500% due 04/15/24 ~		475,000		467,572
7.250% due 04/15/25 ~		1,375,000		1,250,893
Maxim Crane Works Holdings Capital LLC 10.125% due 08/01/24 ~		475,000		468,376
Mueller Water Products Inc 5.500% due 06/15/26 ~		801,000		831,887
New Enterprise Stone & Lime Co Inc 10.125% due 04/01/22 ~		1,265,000		1,263,121
Sensata Technologies BV 5.625% due 11/01/24 ~		1,175,000		1,249,783
Sensata Technologies Inc 4.375% due 02/15/30 ~		450,000		446,639
Standard Industries Inc
4.375% due 07/15/30 ~		175,000		173,633
4.750% due 01/15/28 ~		1,300,000		1,321,651
The Boeing Co 5.705% due 05/01/40		450,000		510,466
Titan Acquisition Ltd (Canada) 7.750% due 04/15/26 ~		910,000		863,731
TransDigm Inc
5.500% due 11/15/27		375,000		328,393
6.250% due 03/15/26 ~		700,000		700,770
8.000% due 12/15/25 ~		225,000		237,457
TransDigm UK Holdings PLC 6.875% due 05/15/26		825,000		770,187
Vertical Holdco GmbH (Germany) due 07/15/28 # ~		200,000		200,000
Vertical US Newco Inc (Germany) due 07/15/27 # ~		200,000		200,000
Welbilt Inc 9.500% due 02/15/24		250,000		240,000

				17,990,833


	Principal Amount		Value
Technology - 0.8%

Entegris Inc 4.375% due 04/15/28 ~		$275,000		$281,188
Tempo Acquisition LLC
5.750% due 06/01/25 ~		125,000		128,672
6.750% due 06/01/25 ~		700,000		710,930

				1,120,790

Utilities - 2.0%

Calpine Corp 5.125% due 03/15/28 ~		550,000		538,794
NRG Energy Inc
5.250% due 06/15/29 ~		300,000		316,381
7.250% due 05/15/26		390,000		412,353
PG&E Corp
5.000% due 07/01/28		75,000		74,906
5.250% due 07/01/30		75,000		75,563
Talen Energy Supply LLC
6.500% due 06/01/25		650,000		440,027
7.250% due 05/15/27 ~		100,000		99,669
7.625% due 06/01/28 ~		100,000		100,188
Vistra Operations Co LLC
5.000% due 07/31/27 ~		375,000		381,656
5.500% due 09/01/26 ~		200,000		205,209
5.625% due 02/15/27 ~		100,000		102,844

				2,747,590


Total Corporate Bonds & Notes (Cost $120,712,407)				118,777,148


SENIOR LOAN NOTES - 6.2%

Consumer, Cyclical - 3.1%

18 Fremont Street Acquisition LLC 9.500% (USD LIBOR + 8.000%) due 08/09/25 §		250,000		223,125
Bass Pro Group LLC Term B 6.072% (USD LIBOR + 5.000%) due 09/25/24 §		1,283,276		1,240,286
PetSmart Inc Term B-2 5.000% (USD LIBOR + 4.000%) due 03/11/22 §		492,399		487,372
SeaWorld Parks & Entertainment Inc Term B-5 3.750% (USD LIBOR + 3.000%) due 03/31/24 §		984,733		880,516
Spectacle Gary Holdings LLC 11.000% (USD LIBOR + 9.000%) due 12/23/25 §		582,770		541,976
SRS Distribution Inc Term B 4.322% (USD LIBOR + 3.250%) due 05/24/25 §		598,477		568,553
Tacala Investment Corp Term B (2nd Lien) 7.678% (USD LIBOR + 7.500%) due 02/05/28 §		250,000		226,250

				4,168,078


	Principal Amount		Value
Consumer, Non-Cyclical - 0.2%

Endo International PLC Term B 5.000% (USD LIBOR + 4.250%) due 04/27/24 §		$238,769		$224,980
North American Lifting Holdings Inc (2nd Lien) 10.450% (USD LIBOR + 9.000%) due 11/27/21 § y ±		350,000		59,500

				284,480

Energy - 0.3%

Traverse Midstream Partners LLC Term B 5.000% (USD LIBOR + 4.000%) due 09/27/24 §		496,212		416,405


Industrial - 1.7%

Cornerstone Building Brands Inc Term B 3.941% (USD LIBOR + 3.750%) due 04/12/25 §		539,855		515,336
Dynasty Acquisition Co Inc 3.808% (USD LIBOR + 3.500%) due 04/08/26 §		645,472		556,720
Reynolds Group Holdings Inc Term B 2.928% (USD LIBOR + 2.750%) due 02/05/23 §		1,044,567		999,389
Standard Aero Ltd 3.808% (USD LIBOR + 3.500%) due 04/08/26 §		347,028		299,312

				2,370,757

Technology - 0.9%

Kronos Inc Term B 3.179% (USD LIBOR + 3.000%) due 11/01/23 §		596,947		596,387
The Dun & Bradstreet Corp Term B 4.184% (USD LIBOR + 4.000%) due 02/08/26 §		598,500		585,034

				1,181,421


Total Senior Loan Notes (Cost $8,529,133)				8,421,141


ASSET-BACKED SECURITIES - 1.8%

Benefit Street Partners CLO Ltd ‘D’ (Cayman) 7.085% (USD LIBOR + 5.950%) due 04/20/31 § ~		250,000		210,343
Benefit Street Partners CLO Ltd ‘E’ (Cayman) 7.835% (USD LIBOR + 6.700%) due 01/17/32 § ~		250,000		226,915
Dryden Senior Loan Fund ‘E’ (Cayman) 7.192% (USD LIBOR + 6.800%) due 05/15/32 § ~		425,000		399,696
Dryden Senior Loan Fund ‘F’ (Cayman) 8.419% (USD LIBOR + 7.200%) due 04/15/31 § ~		250,000		160,665
Magnetite XXII Ltd ‘E’ (Cayman) 7.969% (USD LIBOR + 6.750%) due 04/15/31 § ~		500,000		471,534


	Principal Amount		Value
Neuberger Berman Loan Advisers CLO Ltd ‘E’ (Cayman)
7.885% (USD LIBOR + 6.750%) due 01/20/31 § ~		$300,000		$281,125
7.885% (USD LIBOR + 6.750%) due 04/20/31 § ~		500,000		470,677
Voya CLO 2019-4 Ltd ‘E’ (Cayman) 8.699% (USD LIBOR + 7.480%) due 01/15/33 § ~		300,000		291,778


Total Asset-Backed Securities (Cost $2,737,986)				2,512,733


	Shares
SHORT-TERM INVESTMENT - 1.2%

Money Market Fund 1.2%

BlackRock Liquidity Funds T-Fund Portfolio ‘Institutional’ 0.110%		1,615,718		1,615,718


Total Short-Term Investment (Cost $1,615,718)				1,615,718


TOTAL INVESTMENTS - 98.6% (Cost $137,177,144)				134,717,817

OTHER ASSETS & LIABILITIES, NET - 1.4%				1,977,059


NET ASSETS - 100.0%				$136,694,876

Notes to Schedule of Investments

(a)	Pursuant to the terms of the following senior loan agreement, the Fund had an unfunded loan commitment which could be extended at the option of the borrower.


Borrower	Unfunded Loan Commitment		Value		Unrealized Appreciation (Depreciation)
Spectacle Gary Holdings LLC		$41,060		$39,274		($1,786	)

(b)	An investment with a value of $59,500 or less than 0.1% of the Fund’s net assets was in default as of June 30, 2020.

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of June 30, 2020:

The following is a reconciliation of investments for significant unobservable inputs (Level 3) used in valuing the Fund’s assets and liabilities for the three month period ended June 30, 2020:


	Senior Loan Notes and Unfunded Loan Commitment
Value, Beginning of Period		$2,825,470
Purchases		—
Sales		(192,942	)
Accrued Discounts (Premiums)		7,006
Net Realized Gains		(193,031	)
Change in Net Unrealized Depreciation		399,244
Transfers In		—
Transfers Out		(2,786,247	)

Value, End of Period		$59,500

Change in Net Unrealized Appreciation (Depreciation) on Level 3 Investments Held at the End of Period, if Applicable		($56,934	)


	Shares		Value
PREFERRED STOCKS - 0.2%

Communications - 0.0%

Telefonica Brasil SA (Brazil)		600		$5,337


Consumer, Cyclical - 0.1%

Volkswagen AG (Germany) *		60		9,120


Consumer, Non-Cyclical - 0.0%

Henkel AG & Co KGaA (Germany)		87		8,117


Financial - 0.1%

Banco Bradesco SA (Brazil)		1,100		4,238
Itau Unibanco Holding SA (Brazil)		1,600		7,561
Itausa SA (Brazil)		6,300		11,191

				22,990


Total Preferred Stocks (Cost $56,096)				45,564


COMMON STOCKS - 64.7%

Basic Materials - 2.4%
Air Liquide SA (France)		314		45,400
Air Products and Chemicals Inc		307		74,128
Akzo Nobel NV (Netherlands)		65		5,840
Anglo American PLC (South Africa)		457		10,535
Asahi Kasei Corp (Japan)		600		4,911
BASF SE (Germany)		633		35,555
BHP Group Ltd (Australia)		1,124		27,985
BHP Group PLC (Australia)		1,043		21,343
Boliden AB (Sweden)		313		7,179
Celanese Corp		109		9,411
CF Industries Holdings Inc		168		4,728
Chr Hansen Holding AS (Denmark)		40		4,126
Constellium SE *		1,134		8,709
Dow Inc		622		25,353
DuPont de Nemours Inc		526		27,946
Eastman Chemical Co		225		15,669
Ecolab Inc		91		18,104
EMS-Chemie Holding AG (Switzerland)		9		6,992
Fortescue Metals Group Ltd (Australia)		1,316		12,794
Givaudan SA (Switzerland)		4		14,952
Grupo Mexico SAB de CV (Mexico)		2,757		6,405
Huntsman Corp		150		2,695
ICL Group Ltd (Israel)		1,369		4,078
International Flavors & Fragrances Inc		124		15,185
International Paper Co		457		16,091
Johnson Matthey PLC (United Kingdom)		182		4,740
Koninklijke DSM NV (Netherlands)		61		8,468
Kumba Iron Ore Ltd (South Africa)		187		5,001
Linde PLC (United Kingdom)		176		37,331
LyondellBasell Industries NV ‘A’		284		18,664
Mitsubishi Chemical Holdings Corp (Japan)		600		3,499
MMC Norilsk Nickel PJSC ADR (Russia)		512		13,383
Nissan Chemical Corp (Japan)		100		5,145
Nitto Denko Corp (Japan)		200		11,338
Novozymes AS ‘B’ (Denmark)		79		4,580
Nucor Corp		264		10,932
PPG Industries Inc		71		7,530
Reliance Steel & Aluminum Co		53		5,031
Rio Tinto Ltd (Australia)		197		13,489
Rio Tinto PLC (Australia)		620		34,891


	Shares		Value
Shin-Etsu Chemical Co Ltd (Japan)		310		$36,382
South32 Ltd (Australia)		1,780		2,520
Southern Copper Corp (Peru)		109		4,335
Steel Dynamics Inc		202		5,270
Symrise AG (Germany)		48		5,609
The Sherwin-Williams Co		26		15,024
Valvoline Inc		224		4,330

				683,606

Communications - 5.4%

Alibaba Group Holding Ltd ADR (China) *		336		72,475
Alphabet Inc ‘C’ *		88		124,398
Amazon.com Inc *		52		143,459
Arista Networks Inc *		15		3,150
AT&T Inc		3,054		92,322
Baidu Inc ADR (China) *		98		11,749
Booking Holdings Inc *		15		23,885
CenturyLink Inc		918		9,208
China Mobile Ltd (China)		6,500		43,888
China Telecom Corp Ltd ‘H’ (China)		12,000		3,371
Cisco Systems Inc		3,254		151,767
Comcast Corp ‘A’		2,407		93,825
Corning Inc		806		20,875
Deutsche Telekom AG (Germany)		538		9,027
Facebook Inc ‘A’ *		568		128,976
FactSet Research Systems Inc		11		3,613
HKT Trust & HKT Ltd (Hong Kong) »		3,000		4,402
Juniper Networks Inc		425		9,715
KDDI Corp (Japan)		1,700		50,723
M3 Inc (Japan)		400		16,992
MonotaRO Co Ltd (Japan)		100		4,018
MTN Group Ltd (South Africa)		1,166		3,571
Naspers Ltd ‘N’ (South Africa)		238		43,740
Nexstar Media Group Inc ‘A’		32		2,678
Nice Ltd (Israel) *		21		3,959
Nippon Telegraph & Telephone Corp (Japan)		200		4,660
NortonLifeLock Inc		350		6,940
NTT DOCOMO Inc (Japan)		1,300		34,512
Omnicom Group Inc		225		12,285
Orange SA (France)		431		5,154
P.T. Telekomunikasi Indonesia Persero Tbk (Indonesia)		32,600		6,983
Singapore Telecommunications Ltd (Singapore)		6,900		12,274
Softbank Corp (Japan)		400		5,098
Spark New Zealand Ltd (New Zealand)		1,063		3,145
Swisscom AG (Switzerland)		8		4,195
TD Ameritrade Holding Corp		78		2,838
Telefonica SA (Spain)		1,054		5,041
Telenor ASA (Norway)		223		3,256
Telephone and Data Systems Inc		163		3,240
Telstra Corp Ltd (Australia)		1,483		3,219
Tencent Holdings Ltd (China)		1,300		83,301
The Interpublic Group of Cos Inc		399		6,847
The Trade Desk Inc ‘A’ *		11		4,471
The Walt Disney Co		446		49,733
Trend Micro Inc (Japan)		200		11,177
Verizon Communications Inc		1,577		86,940
ViacomCBS Inc ‘B’		146		3,405
Vipshop Holdings Ltd ADR (China) *		185		3,683
Vivendi SA (France)		251		6,486
Vodacom Group Ltd (South Africa)		488		3,463
Vodafone Group PLC (United Kingdom)		7,168		11,395
Wolters Kluwer NV (Netherlands)		110		8,592
WPP PLC (United Kingdom)		1,376		10,728
Z Holdings Corp (Japan)		3,800		18,649

				1,497,496


	Shares		Value
Consumer, Cyclical - 6.0%

adidas AG (Germany) *		72		$18,983
ANTA Sports Products Ltd (China)		1,000		8,897
AutoZone Inc *		9		10,153
Bandai Namco Holdings Inc (Japan)		100		5,264
Bayerische Motoren Werke AG (Germany)		97		6,193
Beazer Homes USA Inc *		1,193		12,014
Best Buy Co Inc		190		16,581
Bridgestone Corp (Japan)		300		9,683
Bunzl PLC (United Kingdom)		124		3,326
Cedar Fair LP		253		6,957
Cie Financiere Richemont SA (Switzerland)		499		32,186
Cie Generale des Etablissements Michelin SCA (France)		148		15,426
Compass Group PLC (United Kingdom)		683		9,397
Copart Inc *		62		5,163
Costco Wholesale Corp		209		63,371
Cummins Inc		183		31,707
Daimler AG (Germany)		304		12,368
Daiwa House Industry Co Ltd (Japan)		400		9,446
Denso Corp (Japan)		200		7,843
Dollar General Corp		77		14,669
Dollar Tree Inc *		68		6,302
DR Horton Inc		99		5,490
Fastenal Co		632		27,075
Ferrari NV (Italy)		43		7,366
Flutter Entertainment PLC (Ireland) *		59		7,789
Galaxy Entertainment Group Ltd (Macao)		1,000		6,860
Geely Automobile Holdings Ltd (China)		8,000		12,710
Genuine Parts Co		170		14,783
Haier Electronics Group Co Ltd (China)		2,000		6,089
Hanesbrands Inc		437		4,934
Hasbro Inc		120		8,994
Hennes & Mauritz AB ‘B’ (Sweden)		967		14,115
Hermes International (France)		13		10,915
Honda Motor Co Ltd (Japan)		700		17,916
Hoshizaki Corp (Japan)		40		3,428
Industria de Diseno Textil SA (Spain)		830		22,023
ITOCHU Corp (Japan)		700		15,146
Koito Manufacturing Co Ltd (Japan)		100		4,046
Las Vegas Sands Corp		127		5,784
Leggett & Platt Inc		107		3,761
Lojas Renner SA (Brazil)		800		6,201
Lululemon Athletica Inc *		33		10,296
LVMH Moet Hennessy Louis Vuitton SE (France)		106		46,798
Marubeni Corp (Japan)		900		4,088
McDonald’s Corp		793		146,285
Mitsubishi Corp (Japan)		600		12,679
Mitsui & Co Ltd (Japan)		800		11,853
MSC Industrial Direct Co Inc ‘A’		84		6,116
Newell Brands Inc		339		5,383
NIKE Inc ‘B’		413		40,495
Nitori Holdings Co Ltd (Japan)		100		19,607
NVR Inc *		1		3,259
O’Reilly Automotive Inc *		23		9,698
Oriental Land Co Ltd (Japan)		200		26,429
P.T. Astra International Tbk (Indonesia)		12,700		4,296
Panasonic Corp (Japan)		1,000		8,769
Pandora AS (Denmark)		84		4,588
Persimmon PLC (United Kingdom) *		290		8,207
Polaris Inc		73		6,756
Raia Drogasil SA (Brazil)		300		6,160
Ross Stores Inc		109		9,291
Ryohin Keikaku Co Ltd (Japan)		300		4,267
Sekisui Chemical Co Ltd (Japan)		500		7,164
Sekisui House Ltd (Japan)		300		5,728


	Shares		Value
Shenzhou International Group Holdings Ltd (China)		700		$8,510
Shimano Inc (Japan)		50		9,614
Six Flags Entertainment Corp		460		8,837
Sodexo SA (France)		35		2,373
Starbucks Corp		1,558		114,653
Subaru Corp (Japan)		300		6,282
Sumitomo Corp (Japan)		600		6,901
Sumitomo Electric Industries Ltd (Japan)		400		4,614
Tabcorp Holdings Ltd (Australia)		1,435		3,385
Target Corp		660		79,154
The Home Depot Inc		755		189,135
The Swatch Group AG (Switzerland)		27		5,419
The TJX Cos Inc		454		22,954
Tiffany & Co		26		3,170
Toyota Motor Corp (Japan)		500		31,442
Tractor Supply Co		35		4,613
Tsuruha Holdings Inc (Japan)		40		5,525
Ulta Beauty Inc *		16		3,255
USS Co Ltd (Japan)		400		6,412
VF Corp		381		23,218
Wal-Mart de Mexico SAB de CV (Mexico)		9,324		22,299
Walgreens Boots Alliance Inc		1,400		59,346
Walmart Inc		541		64,801
Watsco Inc		41		7,286
Welcia Holdings Co Ltd (Japan)		50		4,039
Whirlpool Corp		49		6,347
Williams-Sonoma Inc		81		6,643
WW Grainger Inc		15		4,712
Wyndham Destinations Inc		91		2,564
Yum China Holdings Inc (China)		270		12,979
Yum! Brands Inc		300		26,073

				1,676,121

Consumer, Non-Cyclical - 18.3%

a2 Milk Co Ltd (New Zealand) *		370		4,843
AbbVie Inc		1,050		103,089
ABIOMED Inc *		15		3,623
Adecco Group AG (Switzerland)		94		4,431
Adyen NV (Netherlands) * ~		3		4,366
Alexion Pharmaceuticals Inc *		68		7,632
Alfresa Holdings Corp (Japan)		200		4,192
Align Technology Inc *		31		8,508
Altria Group Inc		3,176		124,658
Ambev SA (Brazil)		14,000		36,763
Amgen Inc		657		154,960
Anheuser-Busch InBev SA NV (Belgium)		625		30,810
Archer-Daniels-Midland Co		688		27,451
Asahi Group Holdings Ltd (Japan)		100		3,512
Asahi Intecc Co Ltd (Japan)		200		5,708
Associated British Foods PLC (United Kingdom)		172		4,067
Astellas Pharma Inc (Japan)		1,500		25,049
Automatic Data Processing Inc		589		87,696
Bangkok Dusit Medical Services PCL (Thailand)		11,000		8,013
Bayer AG (Germany)		223		16,529
Becton Dickinson and Co		116		27,755
Beiersdorf AG (Germany)		49		5,572
Bid Corp Ltd (South Africa)		312		5,123
Bio-Techne Corp		13		3,433
Biogen Inc *		81		21,672
Bristol-Myers Squibb Co		1,470		86,436
British American Tobacco PLC (United Kingdom)		1,941		74,443
Brown-Forman Corp ‘B’		94		5,984
Bunge Ltd		2,258		92,872
Campbell Soup Co		118		5,856
Cardinal Health Inc		254		13,256
Carlsberg AS ‘B’ (Denmark)		30		3,978


	Shares		Value
Carrefour SA (France)		251		$3,892
CCR SA (Brazil)		2,500		6,680
Chocoladefabriken Lindt & Spruengli AG (Switzerland)		1		8,259
Chugai Pharmaceutical Co Ltd (Japan)		600		32,124
Church & Dwight Co Inc		89		6,880
Cigna Corp		147		27,585
Cintas Corp		26		6,925
Coca-Cola European Partners PLC
(United Kingdom)		66		2,492
Coles Group Ltd (Australia)		722		8,583
Colgate-Palmolive Co		1,278		93,626
Coloplast AS ‘B’ (Denmark)		42		6,546
Conagra Brands Inc		347		12,204
CSL Ltd (Australia)		162		32,220
CSPC Pharmaceutical Group Ltd (China)		7,200		13,636
CVS Health Corp		1,848		120,065
Danaher Corp		237		41,909
Danone SA (France) *		222		15,410
Diageo PLC (United Kingdom)		1,335		44,372
Edenred (France)		80		3,509
Edwards Lifesciences Corp *		228		15,757
Eli Lilly and Co		900		147,762
Equifax Inc		35		6,016
EssilorLuxottica SA (France) *		102		13,118
Fisher & Paykel Healthcare Corp Ltd (New Zealand)		184		4,239
Flowers Foods Inc		193		4,315
General Mills Inc		833		51,354
Genmab AS (Denmark) *		20		6,744
Gilead Sciences Inc		1,164		89,558
GlaxoSmithKline PLC (United Kingdom)		3,091		62,437
Global Payments Inc		38		6,446
H&R Block Inc		128		1,828
HCA Healthcare Inc		154		14,947
Hengan International Group Co Ltd (China)		1,000		7,871
Henkel AG & Co KGaA (Germany)		51		4,267
Henry Schein Inc *		56		3,270
Hormel Foods Corp		127		6,130
Humana Inc		49		19,000
IDEXX Laboratories Inc *		31		10,235
Illumina Inc *		57		21,110
Imperial Brands PLC (United Kingdom)		427		8,129
Ingredion Inc		115		9,545
Intuitive Surgical Inc *		44		25,073
Japan Tobacco Inc (Japan)		1,700		31,574
Johnson & Johnson		1,448		203,632
Kao Corp (Japan)		500		39,679
Kellogg Co		438		28,934
Keurig Dr Pepper Inc		109		3,096
Kikkoman Corp (Japan)		200		9,660
Kimberly-Clark Corp		547		77,318
Kimberly-Clark de Mexico SAB de CV ‘A’ (Mexico)		2,275		3,546
Kirin Holdings Co Ltd (Japan)		300		6,324
Kobayashi Pharmaceutical Co Ltd (Japan)		50		4,396
Koninklijke Ahold Delhaize NV (Netherlands)		1,192		32,487
Kose Corp (Japan)		30		3,631
Kyowa Kirin Co Ltd (Japan)		200		5,265
L’Oreal SA (France)		130		41,957
Laboratory Corp of America Holdings *		35		5,814
Lamb Weston Holdings Inc		55		3,516
Lion Corp (Japan)		300		7,215
ManpowerGroup Inc		47		3,231
MarketAxess Holdings Inc		11		5,510
Masimo Corp *		16		3,648
McCormick & Co Inc		42		7,535
McKesson Corp		70		10,739


	Shares		Value
Medtronic PLC		1,622		$148,737
Merck & Co Inc		1,095		84,676
Mondelez International Inc ‘A’		1,465		74,905
Monster Beverage Corp *		148		10,259
Moody’s Corp		54		14,835
Nestle SA (Switzerland)		607		67,298
New Oriental Education & Technology Group Inc ADR (China) *		74		9,637
Nisshin Seifun Group Inc (Japan)		300		4,479
Nissin Foods Holdings Co Ltd (Japan)		100		8,860
Notre Dame Intermedica Participacoes SA (Brazil)		600		7,552
Novartis AG (Switzerland)		1,067		92,958
Novo Nordisk AS ‘B’ (Denmark)		946		61,630
Ono Pharmaceutical Co Ltd (Japan)		300		8,756
Otsuka Holdings Co Ltd (Japan)		100		4,358
PayPal Holdings Inc *		341		59,412
PepsiCo Inc		1,411		186,619
Pernod Ricard SA (France)		115		18,109
Pfizer Inc		4,701		153,723
Philip Morris International Inc		1,839		128,840
Pigeon Corp (Japan)		100		3,871
P.T. Unilever Indonesia Tbk (Indonesia)		7,000		3,884
Quest Diagnostics Inc		51		5,812
Reckitt Benckiser Group PLC (United Kingdom)		353		32,475
Recruit Holdings Co Ltd (Japan)		940		32,327
Regeneron Pharmaceuticals Inc *		28		17,462
RELX PLC (United Kingdom)		825		19,095
ResMed Inc		51		9,792
Robert Half International Inc		128		6,762
Roche Holding AG (Switzerland)		287		99,431
S&P Global Inc		81		26,688
Sanofi (France)		789		80,466
Santen Pharmaceutical Co Ltd (Japan)		300		5,523
Secom Co Ltd (Japan)		200		17,549
Seven & i Holdings Co Ltd (Japan)		400		13,085
SGS SA (Switzerland)		7		17,148
Shimadzu Corp (Japan)		200		5,339
Shionogi & Co Ltd (Japan)		200		12,547
Sino Biopharmaceutical Ltd (Hong Kong)		9,000		16,963
Smith & Nephew PLC (United Kingdom)		350		6,522
Sonova Holding AG (Switzerland)		20		4,003
STERIS PLC		30		4,603
Sysco Corp		555		30,336
Sysmex Corp (Japan)		100		7,676
Takeda Pharmaceutical Co Ltd (Japan)		530		19,042
TAL Education Group ADR (China) *		183		12,514
The Clorox Co		134		29,396
The Coca-Cola Co		3,870		172,912
The Cooper Cos Inc		18		5,106
The Estee Lauder Cos Inc ‘A’		85		16,038
The Hershey Co		221		28,646
The JM Smucker Co		219		23,172
The Kraft Heinz Co		576		18,369
The Kroger Co		874		29,585
The Procter & Gamble Co		1,877		224,433
The SPAR Group Ltd (South Africa)		513		5,075
Toyo Suisan Kaisha Ltd (Japan)		100		5,587
Transurban Group (Australia) »		1,666		16,338
Tyson Foods Inc ‘A’		207		12,360
Unicharm Corp (Japan)		400		16,405
Unilever NV (United Kingdom)		1,174		62,595
Unilever PLC (United Kingdom)		583		31,448
UnitedHealth Group Inc		370		109,132
Universal Health Services Inc ‘B’		32		2,972
Universal Robina Corp (Philippines)		1,420		3,717
Varian Medical Systems Inc *		33		4,043
Verisk Analytics Inc		45		7,659


	Shares		Value
West Pharmaceutical Services Inc		27		$6,134
WH Group Ltd (Hong Kong) ~		8,500		7,346
Wm Morrison Supermarkets PLC (United Kingdom)		2,301		5,421
Worldline SA (France) * ~		42		3,662
Wuxi Biologics Cayman Inc (China) * ~		500		9,178
Yakult Honsha Co Ltd (Japan)		100		5,883
Zimmer Biomet Holdings Inc		83		9,907

				5,106,132

Diversified - 0.0%

CK Hutchison Holdings Ltd (United Kingdom)		1,000		6,476
Jardine Matheson Holdings Ltd (Hong Kong)		100		4,181

				10,657

Energy - 8.1%

Antero Midstream Corp		12,607		64,296
APA Group (Australia) »		478		3,696
Baker Hughes Co		422		6,495
BP Midstream Partners LP		2,203		25,268
BP PLC (United Kingdom)		9,028		34,587
Cabot Oil & Gas Corp		342		5,876
Chevron Corp		1,157		103,239
China Petroleum & Chemical Corp ‘H’ (China)		14,000		5,856
China Shenhua Energy Co Ltd ‘H’ (China)		4,000		6,208
Cimarex Energy Co		96		2,639
CNOOC Ltd (China)		8,000		8,979
ConocoPhillips		994		41,768
Crestwood Equity Partners LP		1,457		19,101
DCP Midstream LP		3,770		42,601
Devon Energy Corp		382		4,332
Diamondback Energy Inc		116		4,851
Enbridge Inc (Canada)		2,678		81,465
ENEOS Holdings Inc (Japan)		1,200		4,277
Energy Transfer LP		16,255		115,736
Eni SPA (Italy)		816		7,822
EnLink Midstream LLC		14,200		34,648
Enterprise Products Partners LP		7,178		130,424
EOG Resources Inc		405		20,517
Equinor ASA (Norway)		260		3,745
Equitrans Midstream Corp		11,553		96,005
Exxon Mobil Corp		2,071		92,615
Gazprom PJSC ADR (Russia)		6,842		36,946
Genesis Energy LP		2,771		20,007
HollyFrontier Corp		101		2,949
Kinder Morgan Inc		6,247		94,767
LUKOIL PJSC ADR (Russia)		448		33,302
Magellan Midstream Partners LP		3,110		134,259
Marathon Petroleum Corp		1,355		50,650
MPLX LP		7,396		127,803
Neste OYJ (Finland)		153		6,009
Novatek PJSC GDR (Russia)		87		12,332
ONEOK Inc		3,290		109,294
PetroChina Co Ltd ‘H’ (China)		12,000		4,013
Petronas Gas Bhd (Malaysia)		1,700		6,729
Phillips 66		752		54,069
Phillips 66 Partners LP		1,900		68,476
Pioneer Natural Resources Co		114		11,138
Plains All American Pipeline LP		9,848		87,056
PTT PCL NVDR (Thailand)		5,800		7,160
Repsol SA (Spain)		596		5,266
Royal Dutch Shell PLC ‘A’ (Netherlands)		1,569		25,122
Royal Dutch Shell PLC ‘B’ (Netherlands)		1,552		23,529
Schlumberger Ltd		1,273		23,410
Shell Midstream Partners LP		4,193		51,448


	Shares		Value
Sunoco LP		1,700		$38,811
Targa Resources Corp		2,135		42,849
TC Pipelines LP		998		30,998
The Williams Cos Inc		6,228		118,457
TOTAL SA (France)		607		23,405
Valero Energy Corp		597		35,116
Woodside Petroleum Ltd (Australia)		310		4,685

				2,257,101

Financial - 9.0%

3i Group PLC (United Kingdom)		711		7,321
Admiral Group PLC (United Kingdom)		156		4,424
Aflac Inc		921		33,184
Alexandria Real Estate Equities Inc REIT		59		9,573
Allianz SE (Germany)		73		14,917
Ally Financial Inc		598		11,858
American Campus Communities Inc REIT		76		2,657
American Financial Group Inc		52		3,300
American International Group Inc		719		22,418
American Tower Corp REIT		46		11,893
Ameriprise Financial Inc		136		20,405
Aon PLC ‘A’		76		14,638
Arthur J Gallagher & Co		53		5,167
Assurant Inc		45		4,648
ASX Ltd (Australia)		88		5,231
AvalonBay Communities Inc REIT		68		10,516
Axis Capital Holdings Ltd		61		2,474
B3 SA - Brasil Bolsa Balcao (Brazil)		2,900		29,698
Bank of America Corp		3,339		79,301
Bank Of China Ltd ‘H’ (China)		13,000		4,816
Bank OZK		130		3,051
BB Seguridade Participacoes SA (Brazil)		1,100		5,577
BlackRock Inc		139		75,629
BOC Hong Kong Holdings Ltd (China)		3,500		11,207
Boston Properties Inc REIT		49		4,429
Camden Property Trust REIT		45		4,105
Capital One Financial Corp		321		20,091
CapitaLand Mall Trust REIT (Singapore)		3,200		4,541
Cboe Global Markets Inc		32		2,985
Central Pattana PCL NVDR (Thailand)		3,900		6,199
China Construction Bank Corp ‘H’ (China)		18,000		14,641
China Overseas Land & Investment Ltd (China)		8,000		24,428
China Resources Land Ltd (China)		6,000		22,933
Chubb Ltd		349		44,190
Cincinnati Financial Corp		86		5,507
CITIC Ltd (China)		9,000		8,499
Citigroup Inc		1,644		84,008
Citizens Financial Group Inc		516		13,024
CK Asset Holdings Ltd (Hong Kong)		3,500		20,989
CME Group Inc		138		22,431
Comerica Inc		116		4,420
Commonwealth Bank Of Australia (Australia)		528		25,499
Country Garden Holdings Co Ltd (China)		12,000		14,884
Crown Castle International Corp REIT		185		30,960
CubeSmart REIT		101		2,726
Cullen/Frost Bankers Inc		72		5,379
CyrusOne Inc REIT		61		4,438
Daito Trust Construction Co Ltd (Japan)		130		11,981
DBS Group Holdings Ltd (Singapore)		800		12,037
Dexus REIT (Australia)		521		3,344
Digital Realty Trust Inc REIT		115		16,343
Discover Financial Services		317		15,879
Duke Realty Corp REIT		162		5,733
East West Bancorp Inc		97		3,515
Eaton Vance Corp		192		7,411
Equinix Inc REIT		7		4,916


	Shares		Value
Equitable Holdings Inc		217		$4,186
Equity LifeStyle Properties Inc REIT		69		4,311
Equity Residential REIT		193		11,352
Essex Property Trust Inc REIT		22		5,042
Everest Re Group Ltd		28		5,774
Extra Space Storage Inc REIT		40		3,695
Fidelity National Financial Inc		191		5,856
Fifth Third Bancorp		534		10,296
First American Financial Corp		111		5,330
First Republic Bank		47		4,982
Franklin Resources Inc		365		7,654
Gaming and Leisure Properties Inc REIT		108		3,749
Goodman Group REIT (Australia)		728		7,512
Hang Seng Bank Ltd (Hong Kong)		500		8,421
Healthcare Trust of America Inc ‘A’ REIT		115		3,050
Healthpeak Properties Inc REIT		259		7,138
Henderson Land Development Co Ltd (Hong Kong)		3,000		11,441
Hong Kong Exchanges & Clearing Ltd (Hong Kong)		600		25,555
Hongkong Land Holdings Ltd (Hong Kong)		2,000		8,319
Huntington Bancshares Inc		892		8,059
Industrial & Commercial Bank of China Ltd ‘H’ (China)		13,000		7,859
Insurance Australia Group Ltd (Australia)		1,589		6,377
Invesco Ltd		804		8,651
Invitation Homes Inc REIT		192		5,286
Iron Mountain Inc REIT		170		4,437
Jefferies Financial Group Inc		447		6,951
JPMorgan Chase & Co		929		87,382
KeyCorp		1,108		13,495
Kilroy Realty Corp REIT		51		2,994
Legal & General Group PLC (United Kingdom)		4,670		12,732
Lincoln National Corp		157		5,776
Link REIT (Hong Kong)		2,500		20,525
Longfor Group Holdings Ltd (China) ~		3,000		14,361
M&T Bank Corp		104		10,813
Macquarie Group Ltd (Australia)		44		3,652
Marsh & McLennan Cos Inc		176		18,897
Mastercard Inc ‘A’		227		67,124
Medibank Pvt Ltd (Australia)		1,988		4,122
Medical Properties Trust Inc REIT		191		3,591
MetLife Inc		678		24,761
Mid-America Apartment Communities Inc REIT		56		6,422
Mirvac Group REIT (Australia)		3,044		4,598
Mitsubishi Estate Co Ltd (Japan)		400		5,961
Mitsubishi UFJ Financial Group Inc (Japan)		1,700		6,690
Mitsui Fudosan Co Ltd (Japan)		300		5,329
Mizuho Financial Group Inc (Japan)		3,400		4,182
Morgan Stanley		912		44,050
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Germany)		27		7,031
National Australia Bank Ltd (Australia)		423		5,360
National Retail Properties Inc REIT		92		3,264
New World Development Co Ltd (Hong Kong) *		1,750		8,309
New York Community Bancorp Inc		353		3,601
Nippon Prologis REIT Inc (Japan)		2		6,077
Northern Trust Corp		227		18,010
Old Republic International Corp		191		3,115
Omega Healthcare Investors Inc REIT		131		3,895
Oversea-Chinese Banking Corp Ltd (Singapore)		1,300		8,473
Partners Group Holding AG (Switzerland)		15		13,660
People’s United Financial Inc		282		3,263
PICC Property & Casualty Co Ltd ‘H’ (China)		6,000		4,986
Ping An Insurance Group Co of China Ltd ‘H’ (China)		6,500		64,798
Popular Inc		90		3,345
Principal Financial Group Inc		215		8,931


	Shares		Value
Prologis Inc REIT		296		$27,626
Prosperity Bancshares Inc		68		4,038
Prudential Financial Inc		327		19,914
Prudential PLC (United Kingdom)		954		14,375
P.T. Bank Central Asia Tbk (Indonesia)		10,400		20,808
P.T. Bank Rakyat Indonesia Persero Tbk (Indonesia)		65,800		14,045
Public Bank Bhd (Malaysia)		3,000		11,584
Public Storage REIT		122		23,411
Realty Income Corp REIT		160		9,520
Regency Centers Corp REIT		80		3,671
Regions Financial Corp		1,123		12,488
Reinsurance Group of America Inc		39		3,059
Sampo Oyj ‘A’ (Finland)		393		13,547
Shimao Group Holdings Ltd (China)		2,500		10,688
Simon Property Group Inc REIT		151		10,325
Sino Land Co Ltd (Hong Kong)		6,000		7,591
SM Prime Holdings Inc (Philippines)		8,200		5,274
State Street Corp		295		18,747
STORE Capital Corp REIT		102		2,429
Sumitomo Mitsui Financial Group Inc (Japan)		200		5,644
Sun Communities Inc REIT		28		3,799
Sun Hung Kai Properties Ltd (Hong Kong)		2,000		25,550
Sunac China Holdings Ltd (China)		2,000		8,464
Swire Properties Ltd (Hong Kong)		3,000		7,660
Swiss Life Holding AG (Switzerland)		10		3,720
Swiss Prime Site AG (Switzerland)		45		4,174
Swiss Re AG (Switzerland)		105		8,141
Synchrony Financial		477		10,570
Synovus Financial Corp		148		3,038
T Rowe Price Group Inc		260		32,110
TCF Financial Corp		175		5,149
The Allstate Corp		275		26,672
The Bank of New York Mellon Corp		675		26,089
The Goldman Sachs Group Inc		392		77,467
The Hanover Insurance Group Inc		32		3,243
The Hartford Financial Services Group Inc		286		11,025
The PNC Financial Services Group Inc		427		44,925
The Travelers Cos Inc		216		24,635
The Western Union Co		456		9,859
Tokio Marine Holdings Inc (Japan)		100		4,377
Truist Financial Corp		1,066		40,028
UBS Group AG (Switzerland)		755		8,720
UDR Inc REIT		142		5,308
United Overseas Bank Ltd (Singapore)		500		7,306
US Bancorp		1,156		42,564
Ventas Inc REIT		104		3,808
VEREIT Inc REIT		536		3,446
VICI Properties Inc REIT		254		5,128
Visa Inc ‘A’		427		82,484
Vonovia SE (Germany)		203		12,408
Vornado Realty Trust REIT		67		2,560
Wells Fargo & Co		2,838		72,653
Welltower Inc REIT		385		19,924
Western Alliance Bancorp		85		3,219
Wharf Real Estate Investment Co Ltd (Hong Kong)		1,000		4,801
WP Carey Inc REIT		79		5,344
Zions Bancorp NA		323		10,982
Zurich Insurance Group AG (Switzerland)		52		18,425

				2,519,785

Industrial - 7.3%

3M Co		821		128,068
ABB Ltd (Switzerland)		1,973		44,753
Airports of Thailand PCL NVDR (Thailand)		7,200		14,174
Amada Co Ltd (Japan)		400		3,275


	Shares		Value
AMETEK Inc		68		$6,077
Amphenol Corp ‘A’		105		10,060
Anhui Conch Cement Co Ltd ‘H’ (China)		2,000		13,552
AP Moller - Maersk AS ‘B’ (Denmark)		3		3,516
Atlas Copco AB ‘A’ (Sweden)		270		11,498
Atlas Copco AB ‘B’ (Sweden)		145		5,388
Aurizon Holdings Ltd (Australia)		1,666		5,669
Avnet Inc		108		3,012
Caterpillar Inc		560		70,840
CH Robinson Worldwide Inc		153		12,096
China Conch Venture Holdings Ltd (China)		1,500		6,367
Crane Co		46		2,735
CRH PLC (Ireland)		160		5,507
Crown Holdings Inc *		207		13,482
Deutsche Post AG (Germany) *		372		13,660
Disco Corp (Japan)		20		4,878
DSV PANALPINA AS (Denmark)		77		9,458
Eaton Corp PLC		451		39,453
Emerson Electric Co		705		43,731
Energizer Holdings Inc		61		2,897
Epiroc AB ‘A’ (Sweden)		285		3,571
Evoqua Water Technologies Corp *		1,343		24,980
Expeditors International of Washington Inc		50		3,802
FANUC Corp (Japan)		140		25,098
Ferrovial SA (Spain)		205		5,480
Flowserve Corp		105		2,995
Fortive Corp		87		5,886
Garmin Ltd		102		9,945
Geberit AG (Switzerland)		17		8,530
General Dynamics Corp		356		53,208
Graphic Packaging Holding Co		308		4,309
Grupo Aeroportuario del Pacifico SAB de CV ‘B’ (Mexico)		1,933		13,954
Halma PLC (United Kingdom)		122		3,476
Hartalega Holdings Bhd (Malaysia)		1,700		5,186
Hexagon AB ‘B’ (Sweden) *		106		6,225
Hirose Electric Co Ltd (Japan)		40		4,392
Hitachi Ltd (Japan)		420		13,350
Honeywell International Inc		890		128,685
Hoya Corp (Japan)		310		29,685
Hubbell Inc		90		11,282
Huntington Ingalls Industries Inc		44		7,678
IDEX Corp		22		3,477
Illinois Tool Works Inc		462		80,781
Jacobs Engineering Group Inc		37		3,138
JB Hunt Transport Services Inc		26		3,129
Johnson Controls International PLC		645		22,020
JSR Corp (Japan)		300		5,820
Keyence Corp (Japan)		140		58,669
Kingspan Group PLC (Ireland)		59		3,809
Komatsu Ltd (Japan)		400		8,192
Kone OYJ ‘B’ (Finland)		125		8,621
Kubota Corp (Japan)		500		7,479
Kyocera Corp (Japan)		100		5,458
L3Harris Technologies Inc		66		11,198
LafargeHolcim Ltd (Switzerland)		308		13,569
Legrand SA (France)		114		8,662
Lincoln Electric Holdings Inc		66		5,560
Lockheed Martin Corp		325		118,599
Makita Corp (Japan)		200		7,273
Mettler-Toledo International Inc *		10		8,056
MISC Bhd (Malaysia)		4,000		7,166
MISUMI Group Inc (Japan)		300		7,533
Mitsubishi Electric Corp (Japan)		900		11,755
Mitsubishi Heavy Industries Ltd (Japan)		100		2,361
MTR Corp Ltd (Hong Kong)		1,000		5,201
MTU Aero Engines AG (Germany) *		20		3,482
Murata Manufacturing Co Ltd (Japan)		200		11,790


	Shares		Value
Nabtesco Corp (Japan)		200		$6,189
National Instruments Corp		120		4,645
Norfolk Southern Corp		267		46,877
nVent Electric PLC		160		2,997
Old Dominion Freight Line Inc		24		4,070
Omron Corp (Japan)		100		6,698
Packaging Corp of America		65		6,487
Raytheon Technologies Corp		1,274		78,504
Rockwell Automation Inc		28		5,964
Roper Technologies Inc		34		13,201
Schindler Holding AG (Switzerland)		15		3,550
Schneider Electric SE (France)		402		44,717
SG Holdings Co Ltd (Japan)		100		3,263
Siemens AG (Germany)		455		53,661
Sika AG (Switzerland)		51		9,831
SMC Corp (Japan)		40		20,557
Snap-on Inc		77		10,665
Sonoco Products Co		90		4,706
Stanley Black & Decker Inc		44		6,133
Sunny Optical Technology Group Co Ltd (China)		300		4,828
Taisei Corp (Japan)		100		3,645
TDK Corp (Japan)		50		4,978
Techtronic Industries Co Ltd (Hong Kong)		500		4,947
Teledyne Technologies Inc *		9		2,799
The Boeing Co		153		28,045
Trane Technologies PLC		257		22,868
Union Pacific Corp		711		120,209
United Parcel Service Inc ‘B’		820		91,168
Venture Corp Ltd (Singapore)		500		5,843
Vinci SA (France)		184		17,061
Waste Management Inc		380		40,246
Waters Corp *		26		4,690
WEG SA (Brazil)		1,900		17,941
West Japan Railway Co (Japan)		100		5,609
Westinghouse Air Brake Technologies Corp		47		2,706
Westrock Co		244		6,895
Xylem Inc		280		18,189
ZTO Express Cayman Inc ADR (China)		471		17,290

				2,031,333

Technology - 6.6%

Accenture PLC ‘A’		238		51,103
Activision Blizzard Inc		202		15,332
Adobe Inc *		146		63,555
Akamai Technologies Inc *		47		5,033
Amdocs Ltd		192		11,689
Analog Devices Inc		414		50,773
ANSYS Inc *		24		7,002
Apple Inc		543		198,086
ASM Pacific Technology Ltd (Hong Kong)		200		2,114
ASML Holding NV (Netherlands)		137		50,116
Broadcom Inc		336		106,045
Broadridge Financial Solutions Inc		34		4,290
Cadence Design Systems Inc *		63		6,045
Canon Inc (Japan)		400		7,979
Capgemini SE (France)		54		6,232
Cerner Corp		106		7,266
Check Point Software Technologies Ltd (Israel) *		42		4,512
Citrix Systems Inc		46		6,804
Cognizant Technology Solutions Corp ‘A’		168		9,546
Dassault Systemes SE (France)		43		7,464
EPAM Systems Inc *		13		3,276
Fiserv Inc *		140		13,667
FUJIFILM Holdings Corp (Japan)		200		8,560
Fujitsu Ltd (Japan)		100		11,708
Hamamatsu Photonics KK (Japan)		100		4,354
Hewlett Packard Enterprise Co		2,077		20,209


	Shares		Value
HP Inc		2,290		$39,915
Infineon Technologies AG (Germany)		488		11,435
Infosys Ltd ADR (India)		2,503		24,179
Intel Corp		2,836		169,678
International Business Machines Corp		1,024		123,668
Intuit Inc		76		22,510
Jack Henry & Associates Inc		22		4,049
Maxim Integrated Products Inc		365		22,123
Microsoft Corp		972		197,812
NEC Corp (Japan)		100		4,805
NetApp Inc		255		11,314
NetEase Inc ADR (China)		30		12,881
Nexon Co Ltd (Japan)		500		11,278
Nomura Research Institute Ltd (Japan)		400		10,925
NVIDIA Corp		169		64,205
Obic Co Ltd (Japan)		50		8,812
Oracle Corp		557		30,785
Otsuka Corp (Japan)		100		5,282
Paychex Inc		323		24,467
QUALCOMM Inc		1,097		100,057
SAP SE (Germany)		536		74,927
Skyworks Solutions Inc		50		6,393
Synopsys Inc *		42		8,190
Texas Instruments Inc		1,024		130,017
The Sage Group PLC (United Kingdom)		361		2,997
Tokyo Electron Ltd (Japan)		60		14,805
Tyler Technologies Inc *		11		3,816
Veeva Systems Inc ‘A’ *		44		10,314
VMware Inc ‘A’ *		23		3,562
Xerox Holdings Corp		146		2,232
Xilinx Inc		71		6,986
Zscaler Inc *		38		4,161

				1,851,340

Utilities - 1.6%

Alliant Energy Corp		65		3,110
Ameren Corp		59		4,151
American Electric Power Co Inc		248		19,751
Atmos Energy Corp		62		6,174
CenterPoint Energy Inc		211		3,939
China Resources Gas Group Ltd (China)		2,000		9,786
CLP Holdings Ltd (Hong Kong)		500		4,911
CMS Energy Corp		73		4,265
Consolidated Edison Inc		190		13,667
Dominion Energy Inc		459		37,262
DTE Energy Co		31		3,333
Duke Energy Corp		396		31,636
E.ON SE (Germany)		420		4,741
Edison International		80		4,345
EDP - Energias de Portugal SA (Portugal)		1,854		8,850
Enagas SA (Spain)		175		4,281
Enel SPA (Italy)		1,967		17,011
Entergy Corp		55		5,160
Evergy Inc		77		4,565
Eversource Energy		62		5,163
Exelon Corp		462		16,766
FirstEnergy Corp		81		3,141
Guangdong Investment Ltd (China)		4,000		6,900
Hong Kong & China Gas Co Ltd (Hong Kong)		5,250		8,159
Iberdrola SA (Spain)		3,159		36,880
National Grid PLC (United Kingdom)		1,115		13,603
NextEra Energy Inc		214		51,396
NiSource Inc		193		4,389
NRG Energy Inc		126		4,103
OGE Energy Corp		76		2,307
Pinnacle West Capital Corp		33		2,419
Power Assets Holdings Ltd (Hong Kong)		1,000		5,464


	Shares		Value
PPL Corp		160		$4,134
Public Service Enterprise Group Inc		90		4,424
Red Electrica Corp SA (Spain)		381		7,128
Sempra Energy		154		18,053
Severn Trent PLC (United Kingdom)		115		3,519
Snam SPA (Italy)		1,431		6,976
SSE PLC (United Kingdom)		295		4,995
Tenaga Nasional Bhd (Malaysia)		2,100		5,710
The AES Corp		218		3,159
The Southern Co		566		29,347
UGI Corp		102		3,244
United Utilities Group PLC (United Kingdom)		323		3,629
Vistra Corp		196		3,650
WEC Energy Group Inc		59		5,171
Xcel Energy Inc		93		5,813

				460,580


Total Common Stocks (Cost $18,320,860)				18,094,151


EXCHANGE-TRADED FUNDS - 2.6%

iShares iBoxx High Yield Corporate Bond		564		46,034
iShares MSCI India		5,268		152,877
iShares MSCI South Korea		4,404		251,601
iShares MSCI Taiwan		5,870		236,091
SPDR Bloomberg Barclays High Yield Bond		455		46,028


Total Exchange-Traded Funds (Cost $724,819)				732,631


	Principal Amount
CORPORATE BONDS & NOTES - 20.1%

Basic Materials - 0.6%

Anglo American Capital PLC (South Africa) 5.625% due 04/01/30 ~		$50,000		60,498
JW Aluminum Continuous Cast Co 10.250% due 06/01/26 ~		25,000		26,089
Novelis Corp 4.750% due 01/30/30 ~		25,000		23,937
Steel Dynamics Inc 3.250% due 01/15/31		50,000		50,925

				161,449

Communications - 1.3%

AT&T Inc
3.500% due 06/01/41		25,000		26,351
4.550% due 03/09/49		50,000		59,027
Booking Holdings Inc 4.625% due 04/13/30		50,000		58,591
Charter Communications Operating LLC 2.800% due 04/01/31		50,000		50,799
Diamond Sports Group LLC 12.750% due 12/01/26 ~		35,000		34,475
The Walt Disney Co 3.500% due 05/13/40		50,000		54,677
Uber Technologies Inc 7.500% due 05/15/25 ~		50,000		50,594
Zayo Group Holdings Inc 4.000% due 03/01/27 ~		25,000		23,769

				358,283


	Principal Amount		Value
Consumer, Cyclical - 2.6%

American Airlines Pass-Through Trust ‘A’ 3.500% due 08/15/33		$49,230		$41,134
American Airlines Pass-Through Trust ‘AA’ 3.150% due 08/15/33		49,230		45,538
Aramark Services Inc 6.375% due 05/01/25 ~		65,000		67,243
Ashton Woods USA LLC 6.625% due 01/15/28 ~		50,000		49,250
Beazer Homes USA Inc
5.875% due 10/15/27		25,000		23,954
7.250% due 10/15/29		25,000		24,266
Boyd Gaming Corp 8.625% due 06/01/25 ~		25,000		26,172
Caesars Resort Collection LLC 5.250% due 10/15/25 ~		50,000		43,575
Constellation Merger Sub Inc 8.500% due 09/15/25 ~		50,000		40,182
Core & Main Holdings LP 8.625% Cash or 9.375% PIK due 09/15/24 ~		25,000		25,115
Ford Motor Co 8.500% due 04/21/23		25,000		26,484
General Motors Co 6.125% due 10/01/25		50,000		56,253
Golden Nugget Inc 6.750% due 10/15/24 ~		50,000		36,000
Hyatt Hotels Corp 5.750% due 04/23/30		50,000		55,294
Hyundai Capital America 4.125% due 06/08/23 ~		50,000		52,801
Las Vegas Sands Corp 3.500% due 08/18/26		50,000		49,899
Starbucks Corp 2.550% due 11/15/30		50,000		52,551
Tesla Inc 5.300% due 08/15/25 ~		25,000		25,003

				740,714


Consumer, Non-Cyclical - 3.2%

Ahern Rentals Inc 7.375% due 05/15/23 ~		75,000		36,273
Allied Universal Holdco LLC 9.750% due 07/15/27 ~		50,000		52,774
Amgen Inc 2.300% due 02/25/31		75,000		78,648
Anheuser-Busch InBev Worldwide Inc (Belgium) 4.750% due 01/23/29		75,000		90,668
Bausch Health Cos Inc 6.125% due 04/15/25 ~		50,000		50,784
Charles River Laboratories International Inc 4.250% due 05/01/28 ~		50,000		50,059
CoStar Group Inc due 07/15/30 # ~		50,000		51,265
CVS Health Corp 4.250% due 04/01/50		50,000		60,411
Global Payments Inc 2.900% due 05/15/30		50,000		52,359
HCA Inc 5.125% due 06/15/39		50,000		58,373
Kraft Heinz Foods Co
5.000% due 07/15/35		25,000		27,528
5.200% due 07/15/45		25,000		27,141
Pilgrim’s Pride Corp 5.875% due 09/30/27 ~		50,000		50,126


	Principal Amount		Value
Select Medical Corp 6.250% due 08/15/26 ~		$50,000		$50,659
Sysco Corp 6.600% due 04/01/50		50,000		68,948
TMS International Holding Corp 7.250% due 08/15/25 ~		50,000		41,000
Upjohn Inc 2.700% due 06/22/30 ~		50,000		51,480

				898,496


Energy - 3.5%

Antero Midstream Partners LP 5.750% due 01/15/28 ~		50,000		39,626
Antero Resources Corp 5.375% due 11/01/21		45,000		41,774
Ascent Resources Utica Holdings LLC 10.000% due 04/01/22 ~		50,000		42,781
Cheniere Corpus Christi Holdings LLC 5.125% due 06/30/27		50,000		54,938
Endeavor Energy Resources LP 5.750% due 01/30/28 ~		50,000		48,116
Energy Transfer Operating LP
4.750% due 01/15/26		100,000		109,289
6.250% due 02/15/23		50,000		38,462
Enterprise Products Operating LLC 2.800% due 01/31/30		50,000		52,534
EQM Midstream Partners LP
5.500% due 07/15/28		50,000		47,736
6.500% due 07/01/27 ~		50,000		51,341
Global Partners LP 7.000% due 08/01/27		55,000		51,036
MPLX LP
4.000% due 03/15/28		25,000		26,357
6.875% due 02/15/23		50,000		44,986
Occidental Petroleum Corp
2.900% due 08/15/24		25,000		21,425
due 07/15/27 #		25,000		25,125
ONEOK Inc 4.500% due 03/15/50		50,000		46,712
Range Resources Corp 5.000% due 03/15/23		50,000		42,781
Sabine Pass Liquefaction LLC 5.625% due 03/01/25		50,000		57,180
Targa Resources Partners LP 6.500% due 07/15/27		75,000		75,375
Transcontinental Gas Pipe Line Co LLC 3.950% due 05/15/50 ~		50,000		53,748

				971,322


Financial - 4.4%

Athene Holding Ltd 6.150% due 04/03/30		75,000		86,532
Avolon Holdings Funding Ltd (Ireland) 3.250% due 02/15/27 ~		50,000		40,496
Citigroup Inc 4.600% due 03/09/26		100,000		114,262
CNO Financial Group Inc 5.250% due 05/30/29		50,000		53,763
GLP Capital LP REIT 4.000% due 01/15/31		75,000		74,294
Host Hotels & Resorts LP REIT 3.375% due 12/15/29		50,000		47,839
Iron Mountain Inc REIT 4.875% due 09/15/29 ~		25,000		24,337


	Principal Amount		Value
JPMorgan Chase & Co
2.522% due 04/22/31		$50,000		$52,920
3.109% due 04/22/51		50,000		54,078
4.125% due 12/15/26		25,000		29,132
KeyCorp 2.550% due 10/01/29		75,000		77,680
Morgan Stanley 5.000% due 11/24/25		100,000		116,941
Nationwide Mutual Insurance Co 4.350% due 04/30/50 ~		75,000		78,266
Springleaf Finance Corp
5.375% due 11/15/29		25,000		23,655
7.125% due 03/15/26		25,000		25,906
The Charles Schwab Corp 5.375% due 06/01/25		50,000		53,541
Truist Financial Corp 5.100% due 03/01/30		50,000		51,755
VICI Properties LP REIT
3.750% due 02/15/27 ~		25,000		23,543
4.625% due 12/01/29 ~		25,000		24,417
Wells Fargo & Co
3.068% due 04/30/41		50,000		52,221
5.013% due 04/04/51		25,000		34,678
Weyerhaeuser Co REIT 4.000% due 04/15/30		75,000		84,816

				1,225,072


Industrial - 2.4%

Cargo Aircraft Management Inc 4.750% due 02/01/28 ~		75,000		74,531
Carrier Global Corp 2.493% due 02/15/27 ~		50,000		51,002
FedEx Corp 4.550% due 04/01/46		50,000		54,042
Husky III Holding Ltd (Canada) 13.000% PIK due 02/15/25 ~		25,000		24,141
Mauser Packaging Solutions Holding Co 7.250% due 04/15/25 ~		75,000		68,231
Penske Truck Leasing Co LP 3.350% due 11/01/29 ~		25,000		25,527
Textron Inc 3.000% due 06/01/30		50,000		49,873
The Boeing Co
5.040% due 05/01/27		50,000		55,210
5.930% due 05/01/60		75,000		88,997
Titan Acquisition Ltd (Canada) 7.750% due 04/15/26 ~		50,000		47,458
TransDigm Inc 5.500% due 11/15/27		25,000		21,893
Welbilt Inc 9.500% due 02/15/24		25,000		24,000
WRKCo Inc 3.900% due 06/01/28		75,000		83,079

				667,984


Technology - 1.6%

Broadcom Inc
4.150% due 11/15/30 ~		50,000		54,516
4.250% due 04/15/26 ~		50,000		55,717
Citrix Systems Inc 3.300% due 03/01/30		75,000		80,319
Dell International LLC
4.900% due 10/01/26 ~		50,000		55,097
6.200% due 07/15/30 ~		50,000		58,348


	Principal Amount		Value
DXC Technology Co 4.125% due 04/15/25		$75,000		$79,939
Entegris Inc 4.375% due 04/15/28 ~		25,000		25,563
Fiserv Inc 2.650% due 06/01/30		50,000		52,860

				462,359


Utilities - 0.5%

Ameren Corp 3.500% due 01/15/31		50,000		56,014
Pacific Gas and Electric Co 3.500% due 08/01/50		75,000		72,591

				128,605

Total Corporate Bonds & Notes (Cost $5,514,085)				5,614,284


SENIOR LOAN NOTES - 3.4%

Consumer, Cyclical - 1.1%

Golden Nugget LLC Term B 3.454% (USD LIBOR + 2.500%) due 10/04/23 § ¥		95,188		78,864
Restaurant Brands International Inc Term B (Canada) 1.928% (USD LIBOR + 1.750%) due 11/19/26 §		113,462		107,874
SeaWorld Parks & Entertainment Inc Term B-5 3.750% (USD LIBOR + 3.000%) due 03/31/24 §		123,406		110,345

				297,083


Consumer, Non-Cyclical - 0.4%

Jaguar Holding Co II 3.500% (USD LIBOR + 2.500%) due 08/18/22 §		123,377		121,581


Industrial - 1.9%

Cornerstone Building Brands Inc Term B 3.941% (USD LIBOR + 3.750%) due 04/12/25 §		90,203		86,106
Dynasty Acquisition Co Inc 3.808% (USD LIBOR + 3.500%) due 04/08/26 §		80,684		69,590
Engineered Machinery Holdings Inc 4.000% (USD LIBOR + 3.000%) due 07/19/24 §		124,362		119,077
GFL Environmental Inc Term B (Canada) 4.000% (USD LIBOR + 3.000%) due 05/31/25 §		98,910		96,396
Standard Aero Ltd 3.808% (USD LIBOR + 3.500%) due 04/08/26 §		43,379		37,414
TransDigm Inc Term G 2.428% (USD LIBOR + 2.250%) due 08/22/24 §		123,430		111,936

				520,519

Total Senior Loan Notes (Cost $1,010,156)				939,183


	Principal Amount		Value
U.S. TREASURY OBLIGATIONS - 7.3%

U.S. Treasury Bonds - 1.3%

2.875% due 05/15/49		$265,000		$358,418


U.S. Treasury Notes - 6.0%

0.500% due 03/31/25		35,000		35,377
0.625% due 03/31/27		100,000		101,029
1.500% due 02/15/30		100,000		108,109
1.750% due 06/15/22		345,000		355,748
1.750% due 06/30/24		345,000		366,030
1.875% due 06/30/26		320,000		348,013
2.375% due 05/15/29		310,000		357,802

				1,672,108

Total U.S. Treasury Obligations (Cost $1,857,374)				2,030,526

	Shares
SHORT-TERM INVESTMENT - 1.4%

Money Market Fund - 1.4%

BlackRock Liquidity Funds T-Fund Portfolio ‘Institutional’ 0.110%		407,645		407,645

Total Short-Term Investment (Cost $407,645)				407,645


TOTAL INVESTMENTS - 99.7% (Cost $27,891,035)				27,863,984

OTHER ASSETS & LIABILITIES, NET - 0.3%				91,362


NET ASSETS - 100.0%				$27,955,346

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of June 30, 2020:


	Principal Amount		Value
CORPORATE BONDS & NOTES - 6.6%

Communications - 0.4%

AT&T Inc 1.100% (USD LIBOR + 0.750%) due 06/01/21 §		$100,000		$100,516


Consumer, Cyclical - 0.5%

BMW US Capital LLC (Germany) 3.400% due 08/13/21 ~		100,000		102,695


Energy - 1.1%

Petrobras Global Finance BV (Brazil) 5.093% due 01/15/30 ~		244,000		243,512
YPF SA (Argentina) 33.024% (ARS Deposit + 6.000%) due 03/04/21 §	ARS	160,000		1,186

				244,698

Financial - 2.3%

Avolon Holdings Funding Ltd (Ireland) 3.950% due 07/01/24 ~		$100,000		87,568
Bank of America Corp 5.875% due 09/15/68		10,000		10,235
BOC Aviation Ltd (Singapore) 2.375% due 09/15/21 ~		200,000		200,244
Royal Bank of Scotland Group PLC (United Kingdom) 7.500% due 09/30/68		200,000		200,800

				498,847

Industrial - 2.3%

Aviation Capital Group LLC 2.875% due 01/20/22 ~		200,000		191,189
General Electric Co 3.150% due 09/07/22		100,000		104,679
Komatsu Finance America Inc 2.437% due 09/11/22 ~		200,000		205,145

				501,013


Total Corporate Bonds & Notes (Cost $1,467,445)				1,447,769


MORTGAGE-BACKED SECURITIES - 17.7%

Collateralized Mortgage Obligations - Residential - 8.8%

Alternative Loan Trust
0.305% (USD LIBOR + 0.120%) due 06/25/36 §		108,073		99,648
6.000% due 03/01/37		146,203		92,126
Banc of America Mortgage Trust 4.015% due 07/01/35 §		30,719		26,176
Chevy Chase Funding LLC Mortgage-Backed Certificates 0.545% (USD LIBOR + 0.360%) due 03/25/35 § ~		102,331		99,330
Citigroup Mortgage Loan Trust 4.004% due 03/01/37 §		76,395		70,451


	Principal Amount		Value
CHL Mortgage Pass-Through Trust 4.366% due 01/19/34 §		$8,826		$8,528
Credit Suisse Mortgage Trust 0.335% (USD LIBOR + 0.150%) due 09/29/36 § ~		265,138		256,481
Fannie Mae REMICS
0.535% (USD LIBOR + 0.350%) due 07/25/37 §		17,561		17,511
0.565% (USD LIBOR + 0.380%) due 07/25/37 §		27,046		27,052
0.625% (USD LIBOR + 0.440%) due 05/25/36 §		13,470		13,482
0.630% (USD LIBOR + 0.445%) due 02/25/37 §		5,219		5,225
Government National Mortgage Association
0.590% (USD LIBOR + 0.400%) due 02/20/49 §		227,009		226,733
2.266% (USD LIBOR + 0.150%) due 08/20/68 §		87,998		87,197
GreenPoint Mortgage Funding Trust 0.365% (USD LIBOR + 0.180%) due 09/25/46 §		20,449		18,283
GSR Mortgage Loan Trust 4.065% due 09/01/35 §		7,564		7,529
Hawksmoor Mortgages PLC (United Kingdom) 1.287% (SONIA + 1.050%) due 05/25/53 § ~	GBP	224,475		278,530
JP Morgan Alternative Loan Trust 0.645% (USD LIBOR + 0.460%) due 03/25/36 §		$57,232		54,438
JP Morgan Mortgage Trust 3.611% due 06/25/35 §		27,497		27,177
Merrill Lynch Mortgage Investors Trust 3.413% due 12/25/34 §		30,346		29,776
Residential Accredit Loans Inc Trust 0.365% (USD LIBOR + 0.180%) due 06/25/46 §		85,947		30,181
Residential Asset Securitization Trust 6.500% due 09/25/36		178,821		109,637
Structured Adjustable Rate Mortgage Loan Trust 0.440% (USD LIBOR + 0.250%) due 02/25/35 §		10,421		9,455
Structured Asset Mortgage Investments II Trust 0.395% (USD LIBOR + 0.210%) due 05/25/36 §		52,286		46,826
Towd Point Mortgage Funding PLC (United Kingdom) 1.677% (GBP LIBOR + 1.025%) due 10/20/51 § ~	GBP	198,375		246,286
WaMu Mortgage Pass-Through Certificates 0.555% (USD LIBOR + 0.370%) due 01/25/45 §		$36,034		34,292

				1,922,350

Fannie Mae - 8.9%

2.000% due 09/01/50		200,000		203,667
2.500% due 09/01/50		600,000		622,812
3.000% due 09/01/50		700,000		734,748
3.500% due 08/01/50		370,000		389,169

				1,950,396


Total Mortgage-Backed Securities (Cost $3,947,201)				3,872,746


	Principal Amount		Value
ASSET-BACKED SECURITIES - 11.2%

Asset Backed Funding Corp Trust 0.785% (USD LIBOR + 0.600%) due 10/25/34 §		$21,723		$20,830
B&M CLO Ltd (Cayman) 1.906% (USD LIBOR + 0.730%) due 04/16/26 § ~		29,426		29,317
Countrywide Asset-Backed Certificates
0.325% (USD LIBOR + 0.140%) due 07/25/37 §		260,001		228,006
0.375% (USD LIBOR + 0.190%) due 11/25/37 §		129,804		121,023
0.385% (USD LIBOR + 0.200%) due 09/25/37 §		68,306		57,957
Credit-Based Asset Servicing & Securitization LLC 0.405% (USD LIBOR + 0.220%) due 07/25/37 § ~		302,018		231,465
Crown Point CLO Ltd (Cayman) 2.075% (USD LIBOR + 0.940%) due 07/17/28 § ~		199,850		197,029
Freddie Mac Structured Pass-Through Certificates 0.325% (USD LIBOR + 0.140%) due 09/25/31 §		736		730
Home Equity Asset Trust 1.040% (USD LIBOR + 0.855%) due 08/25/34 §		21,460		21,025
Home Equity Mortgage Loan Asset-Backed Trust 0.405% (USD LIBOR + 0.220%) due 04/25/37 §		82,607		68,997
LoanCore Issuer Ltd (Cayman) 1.315% (USD LIBOR + 1.130%) due 05/15/36 § ~		100,000		99,037
Long Beach Mortgage Loan Trust 0.305% (USD LIBOR + 0.120%) due 08/25/36 §		82,225		41,157
Loomis Sayles CLO II Ltd (Cayman) 2.119% (USD LIBOR + 0.900%) due 04/15/28 § ~		278,019		270,887
MidOcean Credit CLO IV (Cayman) 2.019% (USD LIBOR + 0.800%) due 04/15/27 § ~		265,357		261,338
Option One Mortgage Loan Trust
0.325% (USD LIBOR + 0.140%) due 01/25/37 §		72,443		51,874
0.325% (USD LIBOR + 0.140%) due 03/25/37 §		87,271		66,656
Saxon Asset Securities Trust 0.495% (USD LIBOR + 0.310%) due 09/25/37 §		21,592		20,341
Soundview Home Loan Trust 0.385% (USD LIBOR + 0.200%) due 06/25/37 §		70,404		55,582
SpringCastle Funding Asset-Backed Notes 3.200% due 05/27/36 ~		72,531		73,454
TICP CLO Ltd (Cayman) 1.975% (USD LIBOR + 0.840%) due 04/20/28 § ~		447,880		436,696
Venture 35 CLO Ltd (Cayman) 2.248% (USD LIBOR + 1.150%) due 10/22/31 § ~		100,000		98,544


Total Asset-Backed Securities (Cost $2,464,661)				2,451,945


	Principal Amount		Value
U.S. TREASURY OBLIGATIONS - 109.2%

U.S. Treasury Inflation Protected Securities - 109.2%

0.125% due 04/15/22 ^		$906,655		$920,847
0.125% due 07/15/22 ^		245,280		251,312
0.125% due 01/15/23 ^		678,674		695,966
0.125% due 07/15/26 ^		320,886		341,221
0.125% due 01/15/30 ^		129,548		140,132
0.250% due 07/15/29 ^		180,419		197,582
0.375% due 07/15/25 ^		5,406		5,781
0.375% due 01/15/27 ^		764,201		824,612
0.375% due 07/15/27 ^		2,211,533		2,407,036
0.500% due 01/15/28 ^		1,174,545		1,287,642
0.625% due 07/15/21 ^		1,783,710		1,816,587
0.625% due 04/15/23 ^		1,073,488		1,117,433
0.625% due 01/15/24 ^		1,336,165		1,408,787
0.625% due 02/15/43 ^		22,303		26,323
0.750% due 07/15/28 ^		1,286,964		1,452,464
0.750% due 02/15/42 ^		113,466		136,072
0.750% due 02/15/45 ^		174,206		213,448
0.875% due 01/15/29 ^		1,908,933		2,177,141
1.000% due 02/15/46 ^		233,725		302,700
1.375% due 02/15/44 ^		2,112,192		2,886,773
2.000% due 01/15/26 ^		3,890,841		4,527,496
2.125% due 02/15/41 ^		351,231		525,416
3.375% due 04/15/32 ^		85,223		126,964
3.875% due 04/15/29 ^		54,586		77,221

				23,866,956


Total U.S. Treasury Obligations (Cost $23,881,246)				23,866,956


FOREIGN GOVERNMENT BONDS & NOTES - 9.8%

Australia Government (Australia) 1.250% due 02/21/22 ^ ~	AUD	984,509		806,586
Bonos del Tesoro Nacional en Pesos Badlar (Argentina) 31.646% (ARS Deposit + 2.000%) due 04/03/22 § W	ARS	32,000		225
Italy Buoni Poliennali Del Tesoro (Italy) 1.400% due 05/26/25 ~	EUR	499,605		573,464
Mexican Bonos (Mexico) 7.750% due 05/29/31	MXN	493,000		24,260
New Zealand Government (New Zealand) 2.000% due 09/20/25 ^ ~	NZD	850,000		666,558
Peruvian Government International (Peru) 5.940% due 02/12/29 ~	PEN	200,000		65,251


Total Foreign Government Bonds & Notes (Cost $2,098,494)				2,136,344


SHORT-TERM INVESTMENTS - 2.0%

Foreign Government Issue - 0.0%
Letras del Tesoro en Pesos Badlar (Argentina) 30.325% (ARS Deposit + 2.000%) due 08/28/20 § W	ARS	137,000		1,070


	Shares		Value
Money Market Fund - 2.0%

BlackRock Liquidity Funds T-Fund Portfolio ‘Institutional’ 0.110%		442,707		$442,707


Total Short-Term Investments (Cost $444,890)				443,777


TOTAL INVESTMENTS - 156.5% (Cost $34,303,937)				34,219,537

DERIVATIVES - (0.1%)				(16,901	)


OTHER ASSETS & LIABILITIES, NET - (56.4%)				(12,337,143	)


NET ASSETS - 100.0%				$21,865,493

Notes to Schedule of Investments

(a)

Investments with a total aggregate value of $1,295 or less than 0.1% of the Fund’s net assets were valued by the Trustee Valuation Committee or determined by a valuation committee established under the Valuation Policy and then subsequently submitted for approval or ratification to either the Trustee Valuation Committee or to the Board of Trustees.

(b)	The average amount of borrowings by the Fund on sale-buyback financing transactions during the three-month period ended June 30, 2020 was $9,998,459 at a weighted average interest rate of (0.157%).

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of June 30, 2020:


	Principal Amount		Value
CORPORATE BONDS & NOTES - 39.0%

Basic Materials - 0.7%

Anglo American Capital PLC (South Africa) 3.625% due 09/11/24 ~		$250,000		$262,627
ArcelorMittal SA (Luxembourg)
3.600% due 07/16/24		70,000		69,414
4.550% due 03/11/26		10,000		10,107
6.125% due 06/01/25		80,000		86,874
7.250% due 10/15/39		80,000		95,706
Barrick Gold Corp (Canada) 5.250% due 04/01/42		30,000		39,363
Barrick North America Finance LLC (Canada) 5.700% due 05/30/41		90,000		121,271
BHP Billiton Finance USA Ltd (Australia) 6.750% due 10/19/75 ~		270,000		311,646
Freeport-McMoRan Inc
3.550% due 03/01/22		10,000		10,022
5.400% due 11/14/34		10,000		9,914
5.450% due 03/15/43		180,000		177,009
Glencore Funding LLC (Australia)
3.875% due 10/27/27 ~		30,000		32,085
4.000% due 03/27/27 ~		150,000		160,971
4.125% due 03/12/24 ~		160,000		171,683
P.T. Indonesia Asahan Aluminium Persero (Indonesia) 6.530% due 11/15/28 ~		700,000		831,272
Sasol Financing USA LLC (South Africa) 5.875% due 03/27/24		500,000		447,500
Southern Copper Corp (Peru) 6.750% due 04/16/40		260,000		353,141
Vale Overseas Ltd (Brazil) 6.875% due 11/21/36		48,000		62,918
Yamana Gold Inc (Canada) 4.625% due 12/15/27		90,000		94,932

				3,348,455

Communications - 3.1%

Altice France SA (France) 7.375% due 05/01/26 ~		400,000		417,996
Amazon.com Inc
0.800% due 06/03/25		60,000		60,415
1.200% due 06/03/27		70,000		70,559
1.500% due 06/03/30		70,000		71,149
2.500% due 06/03/50		220,000		223,664
3.875% due 08/22/37		70,000		86,759
4.250% due 08/22/57		10,000		13,433
4.950% due 12/05/44		60,000		85,504
AT&T Inc
2.300% due 06/01/27		910,000		941,000
3.400% due 05/15/25		260,000		286,069
3.600% due 07/15/25		10,000		11,114
3.800% due 03/15/22		800,000		842,754
3.800% due 02/15/27		30,000		33,812
4.350% due 06/15/45		120,000		135,201
CCO Holdings LLC
4.500% due 08/15/30 ~		10,000		10,242
4.500% due 05/01/32 ~		50,000		50,687
5.125% due 05/01/27 ~		130,000		134,686
Charter Communications Operating LLC
4.800% due 03/01/50		20,000		22,762
5.375% due 04/01/38		20,000		24,382
5.750% due 04/01/48		10,000		12,463
6.384% due 10/23/35		20,000		26,438
6.834% due 10/23/55		30,000		40,503


	Principal Amount		Value
Comcast Corp
3.150% due 03/01/26		$30,000		$33,594
3.250% due 11/01/39		10,000		11,110
3.300% due 04/01/27		20,000		22,529
3.375% due 08/15/25		20,000		22,294
3.400% due 04/01/30		30,000		34,232
3.450% due 02/01/50		40,000		45,424
3.750% due 04/01/40		10,000		11,804
3.950% due 10/15/25		220,000		252,286
3.999% due 11/01/49		51,000		61,675
4.000% due 03/01/48		10,000		12,300
4.250% due 10/15/30		100,000		122,536
4.700% due 10/15/48		20,000		26,887
5.650% due 06/15/35		20,000		28,341
DISH DBS Corp 5.875% due 11/15/24		90,000		89,621
eBay Inc 2.750% due 01/30/23		500,000		522,971
Expedia Group Inc 3.800% due 02/15/28		800,000		769,254
Fox Corp 5.476% due 01/25/39		80,000		107,064
Netflix Inc 5.375% due 02/01/21		20,000		20,506
Sprint Capital Corp 8.750% due 03/15/32		130,000		185,964
Sprint Corp 7.250% due 09/15/21		400,000		419,802
Sprint Spectrum Co LLC
3.360% due 03/20/23 ~		62,500		63,359
4.738% due 09/20/29 ~		450,000		488,765
T-Mobile USA Inc
3.500% due 04/15/25 ~		230,000		251,136
3.750% due 04/15/27 ~		810,000		899,707
3.875% due 04/15/30 ~		120,000		133,973
Telefonica Emisiones SAU (Spain) 5.213% due 03/08/47		150,000		188,345
The Interpublic Group of Cos Inc 4.000% due 03/15/22		800,000		834,620
The Walt Disney Co 2.650% due 01/13/31		600,000		637,319
Time Warner Cable LLC
4.125% due 02/15/21		770,000		778,856
5.875% due 11/15/40		50,000		61,773
6.550% due 05/01/37		110,000		144,832
6.750% due 06/15/39		20,000		26,631
7.300% due 07/01/38		60,000		83,265
Time Warner Entertainment Co LP 8.375% due 07/15/33		20,000		30,155
United Group BV (Netherlands) 4.875% due 07/01/24 ~		EUR 600,000		671,434
Verizon Communications Inc
2.625% due 08/15/26		$20,000		21,780
3.150% due 03/22/30		50,000		56,634
3.376% due 02/15/25		79,000		87,729
3.850% due 11/01/42		20,000		24,449
4.000% due 03/22/50		30,000		37,943
4.125% due 08/15/46		30,000		37,527
4.329% due 09/21/28		5,000		6,023
4.400% due 11/01/34		90,000		111,954
4.500% due 08/10/33		220,000		274,244
4.862% due 08/21/46		20,000		27,233
5.500% due 03/16/47		30,000		44,526
Vodafone Group PLC (United Kingdom)
3.750% due 01/16/24		1,300,000		1,420,697
4.375% due 05/30/28		120,000		142,786

				13,989,481


	Principal Amount		Value
Consumer, Cyclical - 4.3%

BMW Finance NV (Germany) 2.250% due 08/12/22 ~		$900,000		$929,369
Costco Wholesale Corp
1.375% due 06/20/27		60,000		61,400
1.600% due 04/20/30		40,000		40,501
Daimler Finance North America LLC (Germany)
2.550% due 08/15/22 ~		1,100,000		1,129,216
2.850% due 01/06/22 ~		900,000		920,560
Delta Air Lines Inc
2.600% due 12/04/20		20,000		19,780
2.900% due 10/28/24		70,000		56,827
3.400% due 04/19/21		80,000		77,814
3.625% due 03/15/22		40,000		37,903
3.800% due 04/19/23		10,000		8,907
7.000% due 05/01/25 ~		240,000		247,997
7.375% due 01/15/26		90,000		87,163
Delta Air Lines Pass-Through Trust ‘A’ 6.821% due 02/10/24		753,268		739,928
Ford Motor Co
8.500% due 04/21/23		10,000		10,594
9.000% due 04/22/25		10,000		10,831
Ford Motor Credit Co LLC
0.080% (EUR LIBOR + 0.370%) due 12/01/21 §		EUR 800,000		846,555
1.227% (USD LIBOR + 0.930%) due 09/24/20 §		$800,000		793,619
1.627% (USD LIBOR + 1.235%) due 02/15/23 §		300,000		266,391
2.826% (USD LIBOR + 2.550%) due 01/07/21 §		1,000,000		985,152
3.200% due 01/15/21		900,000		888,750
5.085% due 01/07/21		600,000		600,930
5.875% due 08/02/21		200,000		202,344
General Motors Co
5.150% due 04/01/38		20,000		19,186
5.950% due 04/01/49		20,000		21,004
6.250% due 10/02/43		40,000		42,547
General Motors Financial Co Inc
0.152% (EUR LIBOR + 0.550%) due 03/26/22 § ~		EUR 700,000		753,859
2.450% due 11/06/20		$480,000		480,778
3.200% due 07/13/20		600,000		600,285
4.250% due 05/15/23		30,000		31,352
4.350% due 01/17/27		20,000		20,719
5.100% due 01/17/24		800,000		855,660
Hanesbrands Inc 5.375% due 05/15/25 ~		40,000		40,525
Hilton Domestic Operating Co Inc
5.375% due 05/01/25 ~		20,000		20,012
5.750% due 05/01/28 ~		20,000		20,287
Hilton Worldwide Finance LLC 4.875% due 04/01/27		130,000		127,213
Las Vegas Sands Corp 3.200% due 08/08/24		50,000		49,814
Latam Airlines Pass Through Trust ‘A’ (Chile) 4.200% due 08/15/29		765,170		661,872
Levi Strauss & Co 5.000% due 05/01/25 ~		30,000		30,222
Lowe’s Cos Inc
4.500% due 04/15/30		20,000		24,579
5.000% due 04/15/40		20,000		26,069
5.125% due 04/15/50		70,000		97,045


	Principal Amount		Value
McDonald’s Corp
1.450% due 09/01/25		$10,000		$10,265
3.300% due 07/01/25		30,000		33,366
3.500% due 03/01/27		20,000		22,658
3.600% due 07/01/30		30,000		34,577
3.625% due 09/01/49		10,000		11,133
3.700% due 01/30/26		50,000		56,824
3.800% due 04/01/28		30,000		35,091
4.200% due 04/01/50		70,000		85,171
MGM Resorts International 7.750% due 03/15/22		800,000		815,540
Mileage Plus Holdings LLC 6.500% due 06/20/27 ~		60,000		60,300
New Red Finance Inc (Canada) 4.250% due 05/15/24 ~		50,000		50,138
Newell Brands Inc
4.350% due 04/01/23		20,000		20,696
4.700% due 04/01/26		10,000		10,504
NIKE Inc
2.400% due 03/27/25		30,000		32,285
2.750% due 03/27/27		30,000		32,958
2.850% due 03/27/30		50,000		55,759
3.250% due 03/27/40		30,000		33,873
3.375% due 03/27/50		120,000		137,983
Nissan Motor Acceptance Corp 1.156% (USD LIBOR + 0.890%) due 01/13/22 § ~		1,000,000		961,381
Sands China Ltd (Macau) 5.125% due 08/08/25		310,000		336,956
Starbucks Corp 2.550% due 11/15/30		900,000		945,920
Target Corp 2.250% due 04/15/25		30,000		32,128
The Home Depot Inc
2.700% due 04/15/30		40,000		44,006
3.300% due 04/15/40		40,000		45,521
3.350% due 04/15/50		110,000		126,055
3.900% due 06/15/47		10,000		12,250
The TJX Cos Inc 3.500% due 04/15/25		50,000		55,691
VOC Escrow Ltd 5.000% due 02/15/28 ~		140,000		104,274
Volkswagen Group of America Finance LLC (Germany)
1.375% (USD LIBOR + 0.940%) due 11/12/21 § ~		800,000		797,712
4.750% due 11/13/28 ~		1,000,000		1,179,294
Volkswagen International Finance NV (Germany) 1.288% (EUR LIBOR + 1.550%) due 11/16/24 § ~		EUR 500,000		554,352
Volkswagen Leasing GmbH (Germany) 0.250% due 02/16/21 ~		100,000		112,259
Walmart Inc
3.400% due 06/26/23		$20,000		21,734
3.700% due 06/26/28		60,000		71,137

				19,825,350

Consumer, Non-Cyclical - 5.3%

Abbott Laboratories
3.750% due 11/30/26		38,000		44,249
4.750% due 11/30/36		70,000		94,270
4.900% due 11/30/46		40,000		57,517


	Principal Amount		Value
AbbVie Inc
2.300% due 11/21/22 ~		$230,000		$237,859
2.600% due 11/21/24 ~		270,000		287,694
2.950% due 11/21/26 ~		50,000		54,758
3.200% due 11/21/29 ~		100,000		111,655
3.375% due 11/14/21		700,000		724,794
3.450% due 03/15/22 ~		80,000		83,144
3.600% due 05/14/25		70,000		77,775
3.750% due 11/14/23		10,000		10,876
3.800% due 03/15/25 ~		90,000		100,457
4.250% due 11/21/49 ~		10,000		12,040
5.000% due 12/15/21 ~		700,000		735,032
Aetna Inc 2.800% due 06/15/23		40,000		42,175
Altria Group Inc
2.850% due 08/09/22		20,000		20,846
3.490% due 02/14/22		40,000		41,728
3.800% due 02/14/24		40,000		43,764
3.875% due 09/16/46		20,000		19,971
4.400% due 02/14/26		290,000		333,799
4.800% due 02/14/29		190,000		221,638
5.800% due 02/14/39		90,000		112,346
5.950% due 02/14/49		50,000		65,657
6.200% due 02/14/59		30,000		40,136
Amgen Inc
3.625% due 05/22/24		30,000		32,916
4.663% due 06/15/51		11,000		14,614
5.375% due 05/15/43		30,000		40,611
Anheuser-Busch Cos LLC (Belgium)
3.650% due 02/01/26		110,000		123,604
4.900% due 02/01/46		100,000		122,692
Anheuser-Busch InBev Worldwide Inc (Belgium)
3.500% due 06/01/30		30,000		33,795
4.150% due 01/23/25		90,000		102,188
4.350% due 06/01/40		60,000		68,558
4.500% due 06/01/50		110,000		131,735
4.750% due 01/23/29		230,000		278,047
Anthem Inc
3.125% due 05/15/22		30,000		31,436
3.350% due 12/01/24		40,000		44,009
3.650% due 12/01/27		30,000		34,203
Bacardi Ltd (Bermuda) 4.500% due 01/15/21 ~		600,000		604,654
BAT Capital Corp (United Kingdom)
3.557% due 08/15/27		50,000		54,133
4.540% due 08/15/47		170,000		185,341
Bausch Health Cos Inc
6.250% due 02/15/29 ~		50,000		50,344
7.250% due 05/30/29 ~		30,000		31,524
Bayer US Finance II LLC (Germany) 3.875% due 12/15/23 ~		600,000		658,651
Becton Dickinson and Co
3.363% due 06/06/24		110,000		118,669
3.700% due 06/06/27		30,000		33,584
3.734% due 12/15/24		50,000		55,083
4.685% due 12/15/44		32,000		39,482
Boston Scientific Corp 2.650% due 06/01/30		900,000		935,999
Bristol-Myers Squibb Co
2.900% due 07/26/24 ~		70,000		75,811
3.200% due 06/15/26 ~		50,000		56,158
3.550% due 08/15/22 ~		90,000		95,734
3.875% due 08/15/25 ~		70,000		79,685
5.000% due 08/15/45 ~		150,000		211,763


	Principal Amount		Value
Campbell Soup Co 3.650% due 03/15/23		$229,000		$244,408
Cargill Inc 1.375% due 07/23/23 ~		40,000		40,707
Centene Corp 3.375% due 02/15/30		10,000		10,113
Cigna Corp
0.949% (USD LIBOR + 0.650%) due 09/17/21 §		1,200,000		1,200,058
2.109% (USD LIBOR + 0.890%) due 07/15/23 §		700,000		703,850
3.750% due 07/15/23		120,000		130,354
4.125% due 11/15/25		40,000		46,003
4.375% due 10/15/28		260,000		307,905
Constellation Brands Inc 4.250% due 05/01/23		30,000		32,955
CVS Health Corp
3.625% due 04/01/27		10,000		11,250
3.700% due 03/09/23		50,000		53,745
3.750% due 04/01/30		30,000		34,567
4.100% due 03/25/25		260,000		294,095
4.125% due 04/01/40		20,000		23,670
4.250% due 04/01/50		10,000		12,082
5.050% due 03/25/48		300,000		390,869
5.125% due 07/20/45		60,000		77,400
Danone SA (France) 2.589% due 11/02/23 ~		200,000		210,667
DP World PLC (United Arab Emirates) 5.625% due 09/25/48 ~		200,000		219,099
Gilead Sciences Inc
3.650% due 03/01/26		30,000		34,359
4.750% due 03/01/46		30,000		40,591
Global Payments Inc 3.200% due 08/15/29		900,000		965,769
HCA Inc
3.500% due 09/01/30		80,000		77,133
4.500% due 02/15/27		40,000		44,628
5.375% due 02/01/25		20,000		21,481
5.875% due 02/01/29		30,000		33,999
Humana Inc
3.150% due 12/01/22		50,000		52,439
4.625% due 12/01/42		50,000		61,445
4.800% due 03/15/47		20,000		26,145
4.950% due 10/01/44		20,000		26,319
IHS Markit Ltd 5.000% due 11/01/22 ~		400,000		429,545
Imperial Brands Finance PLC (United Kingdom) 3.875% due 07/26/29 ~		1,000,000		1,056,593
Johnson & Johnson 3.625% due 03/03/37		100,000		119,220
Keurig Dr Pepper Inc 4.057% due 05/25/23		500,000		545,716
Kraft Heinz Foods Co
3.950% due 07/15/25		82,000		87,673
4.250% due 03/01/31 ~		10,000		10,623
4.375% due 06/01/46		20,000		19,685
4.875% due 10/01/49 ~		30,000		30,586
5.000% due 06/04/42		10,000		10,547
5.200% due 07/15/45		10,000		10,856
5.500% due 06/01/50 ~		30,000		32,087
Lamb Weston Holdings Inc 4.875% due 05/15/28 ~		10,000		10,614
Mars Inc
2.700% due 04/01/25 ~		40,000		42,871
3.200% due 04/01/30 ~		40,000		45,571
Medtronic Inc 3.500% due 03/15/25		52,000		58,666


	Principal Amount		Value
Mondelez International Inc 2.125% due 04/13/23		$30,000		$31,092
Mylan NV 2.250% due 11/22/24 ~		EUR 900,000		1,060,792
PayPal Holdings Inc
1.650% due 06/01/25		$70,000		72,541
2.850% due 10/01/29		900,000		986,811
PepsiCo Inc
2.250% due 03/19/25		10,000		10,704
2.625% due 03/19/27		120,000		131,276
2.875% due 10/15/49		20,000		21,688
3.875% due 03/19/60		10,000		12,775
Pernod Ricard SA (France) 5.750% due 04/07/21 ~		450,000		467,477
Pfizer Inc 2.625% due 04/01/30		60,000		66,090
Philip Morris International Inc
2.500% due 08/22/22		90,000		93,671
2.500% due 11/02/22		80,000		83,405
4.500% due 03/20/42		30,000		36,538
Prime Security Services Borrower LLC 5.750% due 04/15/26 ~		50,000		51,930
Reckitt Benckiser Treasury Services PLC (United Kingdom) 2.375% due 06/24/22 ~		600,000		618,369
Reynolds American Inc (United Kingdom)
5.850% due 08/15/45		50,000		62,702
6.150% due 09/15/43		30,000		37,333
Takeda Pharmaceutical Co Ltd (Japan) 4.400% due 11/26/23		600,000		667,581
Teva Pharmaceutical Finance Co BV (Israel)
2.950% due 12/18/22		60,000		58,033
3.650% due 11/10/21		80,000		79,681
Teva Pharmaceutical Finance IV BV (Israel) 3.650% due 11/10/21		100,000		100,122
Teva Pharmaceutical Finance Netherlands II BV (Israel) 1.250% due 03/31/23 ~		EUR 900,000		942,771
Teva Pharmaceutical Finance Netherlands III BV (Israel)
2.200% due 07/21/21		$490,000		481,138
2.800% due 07/21/23		140,000		132,688
3.150% due 10/01/26		20,000		17,933
The Coca-Cola Co
2.950% due 03/25/25		30,000		33,080
3.375% due 03/25/27		90,000		103,288
4.125% due 03/25/40		10,000		12,760
4.200% due 03/25/50		110,000		144,806
The Procter & Gamble Co
2.450% due 03/25/25		30,000		32,581
2.800% due 03/25/27		10,000		11,150
3.550% due 03/25/40		20,000		24,173
3.600% due 03/25/50		20,000		24,971
United Rentals North America Inc
5.500% due 07/15/25		50,000		51,370
5.875% due 09/15/26		90,000		94,420
UnitedHealth Group Inc
2.000% due 05/15/30		150,000		157,210
2.375% due 10/15/22		10,000		10,428
3.500% due 06/15/23		20,000		21,753
3.750% due 07/15/25		80,000		91,258
3.875% due 08/15/59		50,000		61,357
4.250% due 06/15/48		20,000		25,599
4.450% due 12/15/48		10,000		13,122


	Principal Amount		Value
Wm Wrigley Jr Co 3.375% due 10/21/20 ~		$70,000		$70,468
Zoetis Inc 2.000% due 05/15/30		900,000		919,874

				24,086,970

Energy - 2.3%

Apache Corp
3.250% due 04/15/22		24,000		23,294
4.250% due 01/15/44		170,000		128,208
4.375% due 10/15/28		20,000		17,670
4.750% due 04/15/43		40,000		32,255
5.100% due 09/01/40		80,000		65,821
Baker Hughes a GE Co LLC 2.773% due 12/15/22		900,000		939,931
Blue Racer Midstream LLC 6.125% due 11/15/22 ~		20,000		19,945
BP Capital Markets America Inc
2.937% due 04/06/23		10,000		10,594
3.000% due 02/24/50		200,000		197,501
3.633% due 04/06/30		40,000		45,267
3.790% due 02/06/24		10,000		10,951
BP Capital Markets PLC (United Kingdom)
3.506% due 03/17/25		130,000		144,098
3.535% due 11/04/24		40,000		44,175
Cameron LNG LLC
2.902% due 07/15/31 ~		20,000		21,437
3.302% due 01/15/35 ~		120,000		132,640
Chevron Corp 3.078% due 05/11/50		100,000		106,417
Cimarex Energy Co
3.900% due 05/15/27		200,000		201,555
4.375% due 03/15/29		20,000		20,567
Concho Resources Inc
3.750% due 10/01/27		30,000		32,007
4.300% due 08/15/28		180,000		197,838
4.375% due 01/15/25		50,000		51,613
ConocoPhillips 6.500% due 02/01/39		10,000		14,578
Continental Resources Inc
3.800% due 06/01/24		70,000		66,226
4.375% due 01/15/28		80,000		70,561
4.500% due 04/15/23		70,000		66,993
DCP Midstream Operating LP 6.450% due 11/03/36 ~		20,000		18,086
Devon Energy Corp 5.000% due 06/15/45		220,000		197,310
Diamondback Energy Inc
2.875% due 12/01/24		20,000		20,053
3.250% due 12/01/26		20,000		20,137
3.500% due 12/01/29		20,000		19,360
5.375% due 05/31/25		10,000		10,301
Enbridge Inc (Canada) 0.881% (USD LIBOR + 0.500%) due 02/18/22 §		800,000		795,791
Energy Transfer Operating LP
2.900% due 05/15/25		10,000		10,251
3.750% due 05/15/30		190,000		188,131
4.950% due 06/15/28		50,000		53,719
5.250% due 04/15/29		20,000		21,841
6.250% due 04/15/49		20,000		21,224
6.750% due 05/15/25		50,000		42,087


	Principal Amount		Value
Enterprise Products Operating LLC
2.800% due 01/31/30		$60,000		$63,041
3.700% due 01/31/51		40,000		41,777
3.950% due 01/31/60		30,000		31,333
4.150% due 10/16/28		180,000		205,933
4.200% due 01/31/50		30,000		33,338
4.800% due 02/01/49		10,000		11,877
4.850% due 03/15/44		10,000		11,603
7.550% due 04/15/38		20,000		27,790
EOG Resources Inc
3.900% due 04/01/35		30,000		35,059
4.150% due 01/15/26		70,000		80,913
4.950% due 04/15/50		30,000		39,194
Exxon Mobil Corp
1.571% due 04/15/23		20,000		20,523
2.992% due 03/19/25		160,000		174,244
3.043% due 03/01/26		140,000		153,971
3.482% due 03/19/30		50,000		57,052
4.114% due 03/01/46		50,000		60,694
4.327% due 03/19/50		10,000		12,585
KazMunayGas National Co JSC (Kazakhstan) 5.375% due 04/24/30 ~		200,000		227,025
Kinder Morgan Energy Partners LP
3.500% due 03/01/21		80,000		81,007
5.500% due 03/01/44		10,000		11,757
Kinder Morgan Inc
4.300% due 06/01/25		50,000		55,776
4.300% due 03/01/28		30,000		34,037
5.050% due 02/15/46		30,000		34,554
5.200% due 03/01/48		10,000		12,160
5.550% due 06/01/45		30,000		36,468
MPLX LP
1.213% (USD LIBOR + 0.900%) due 09/09/21 §		1,000,000		992,295
4.500% due 04/15/38		100,000		100,087
4.700% due 04/15/48		60,000		61,703
4.800% due 02/15/29		40,000		44,521
Noble Energy Inc
3.850% due 01/15/28		70,000		67,662
5.250% due 11/15/43		80,000		73,437
Occidental Petroleum Corp
1.398% (USD LIBOR + 0.950%) due 02/08/21 §		40,000		39,410
2.600% due 08/13/21		150,000		146,996
2.700% due 08/15/22		70,000		65,296
2.900% due 08/15/24		100,000		85,699
3.000% due 02/15/27		30,000		23,406
3.125% due 02/15/22		10,000		9,627
3.200% due 08/15/26		60,000		48,696
4.100% due 02/15/47		120,000		81,450
4.200% due 03/15/48		10,000		6,785
4.400% due 04/15/46		20,000		13,978
4.625% due 06/15/45		50,000		35,250
4.850% due 03/15/21		24,000		23,925
5.550% due 03/15/26		90,000		82,327
6.450% due 09/15/36		310,000		266,935
Petrobras Global Finance BV (Brazil)
5.299% due 01/27/25		555,000		578,732
6.900% due 03/19/49		30,000		31,665
Petroleos Mexicanos (Mexico) 6.875% due 08/04/26		220,000		208,374
Range Resources Corp
4.875% due 05/15/25		10,000		7,535
5.000% due 03/15/23		150,000		128,342


	Principal Amount		Value
Shell International Finance BV (Netherlands)
2.750% due 04/06/30		$20,000		$21,725
2.875% due 05/10/26		50,000		54,844
3.250% due 04/06/50		120,000		129,310
4.375% due 05/11/45		130,000		161,353
4.550% due 08/12/43		50,000		62,901
Sinopec Group Overseas Development Ltd (China) 4.375% due 04/10/24 ~		290,000		320,196
Targa Resources Partners LP
4.250% due 11/15/23		60,000		57,594
5.375% due 02/01/27		20,000		19,346
5.500% due 03/01/30 ~		20,000		19,331
5.875% due 04/15/26		20,000		19,847
6.500% due 07/15/27		10,000		10,050
6.875% due 01/15/29		10,000		10,506
Tennessee Gas Pipeline Co LLC 2.900% due 03/01/30 ~		150,000		154,006
The Williams Cos Inc
3.750% due 06/15/27		90,000		96,056
7.500% due 01/15/31		190,000		243,629
Transcontinental Gas Pipe Line Co LLC 7.850% due 02/01/26		30,000		39,094
Western Midstream Operating LP
1.116% (USD LIBOR + 0.850%) due 01/13/23 §		20,000		18,362
3.100% due 02/01/25		30,000		28,493
4.050% due 02/01/30		100,000		96,622
4.500% due 03/01/28		30,000		28,350
4.650% due 07/01/26		100,000		96,280
5.250% due 02/01/50		50,000		43,573
WPX Energy Inc
4.500% due 01/15/30		10,000		8,856
5.250% due 10/15/27		10,000		9,359

				10,607,960

Financial - 16.5%

AerCap Ireland Capital DAC (Ireland) 3.950% due 02/01/22		800,000		800,633
AIB Group PLC (Ireland) 4.750% due 10/12/23 ~		500,000		539,655
Air Lease Corp 3.375% due 07/01/25		30,000		30,027
Aircastle Ltd 5.125% due 03/15/21		500,000		502,075
Ambac LSNI LLC (Cayman) 6.000% (USD LIBOR + 5.000%) due 02/12/23 § ~		308,119		305,227
American Homes 4 Rent LP REIT 4.250% due 02/15/28		100,000		107,061
American International Group Inc 3.750% due 07/10/25		630,000		697,952
American Tower Corp REIT 3.375% due 05/15/24		1,000,000		1,086,430
Atrium European Real Estate Ltd (Poland) 3.000% due 09/11/25 ~		EUR 800,000		873,966
AvalonBay Communities Inc REIT
2.300% due 03/01/30		$900,000		950,682
3.450% due 06/01/25		300,000		334,595
Banco Bilbao Vizcaya Argentaria SA (Spain) 8.875% due 04/14/21 ~		EUR 800,000		931,320
Banco Santander SA (Spain) 3.848% due 04/12/23		$200,000		212,917


	Principal Amount		Value
Bank of America Corp
2.592% due 04/29/31		$260,000		$275,614
3.004% due 12/20/23		155,000		163,101
3.419% due 12/20/28		203,000		226,219
3.500% due 04/19/26		110,000		123,919
3.550% due 03/05/24		90,000		96,206
3.593% due 07/21/28		100,000		112,407
3.974% due 02/07/30		240,000		279,449
4.083% due 03/20/51		220,000		275,795
4.200% due 08/26/24		70,000		77,720
4.250% due 10/22/26		420,000		481,860
4.330% due 03/15/50		20,000		25,802
4.450% due 03/03/26		90,000		103,417
Bank of Montreal (Canada)
1.850% due 05/01/25		100,000		103,602
3.803% due 12/15/32		60,000		64,627
Banque Federative du Credit Mutuel SA (France) 3.750% due 07/20/23 ~		600,000		649,248
Barclays Bank PLC (United Kingdom) 7.625% due 11/21/22		800,000		871,437
Barclays PLC (United Kingdom)
1.822% (USD LIBOR + 1.430%) due 02/15/23 §		1,000,000		997,463
4.972% due 05/16/29		900,000		1,054,977
5.088% due 06/20/30		200,000		228,148
8.000% due 12/15/20		EUR 600,000		677,787
Berkshire Hathaway Finance Corp 4.250% due 01/15/49		$120,000		154,010
BNP Paribas SA (France)
4.375% due 03/01/33 ~		250,000		278,823
4.705% due 01/10/25 ~		230,000		254,816
5.198% due 01/10/30 ~		200,000		245,037
Boston Properties LP REIT 4.500% due 12/01/28		500,000		598,718
BPCE SA (France) 4.000% due 09/12/23 ~		850,000		919,685
Brandywine Operating Partnership LP REIT 3.950% due 11/15/27		800,000		822,542
Capital One Financial Corp 4.250% due 04/30/25		500,000		562,442
Carlyle Finance LLC 5.650% due 09/15/48 ~		150,000		181,987
CBL & Associates LP REIT 5.950% due 12/15/26 y		1,200,000		348,486
Citigroup Inc
2.572% due 06/03/31		700,000		724,384
4.075% due 04/23/29		150,000		171,214
4.400% due 06/10/25		170,000		190,504
4.412% due 03/31/31		195,000		230,904
5.300% due 05/06/44		102,000		135,655
5.500% due 09/13/25		120,000		142,345
5.950% due 01/30/23		300,000		298,115
5.950% due 05/15/25		200,000		198,967
6.675% due 09/13/43		70,000		108,309
8.125% due 07/15/39		70,000		121,338
Cooperatieve Rabobank UA (Netherlands)
4.375% due 08/04/25		250,000		282,262
4.625% due 12/01/23		290,000		320,151
6.625% due 06/29/21 ~		EUR 400,000		463,197
CPI Property Group SA (Czech Republic) 4.750% due 03/08/23 ~		$800,000		844,176
Credit Suisse AG (Switzerland)
2.950% due 04/09/25		250,000		271,368
6.500% due 08/08/23 ~		1,200,000		1,315,402


	Principal Amount		Value
Credit Suisse Group AG (Switzerland)
1.558% (USD LIBOR + 1.240%) due 06/12/24 § ~		$750,000		$754,083
4.194% due 04/01/31 ~		250,000		285,876
CyrusOne LP REIT 1.450% due 01/22/27		EUR 100,000		108,322
Danske Bank AS (Denmark)
5.000% due 01/12/22 ~		$200,000		210,420
5.375% due 01/12/24 ~		200,000		222,817
Deutsche Bank AG (Germany)
2.281% (USD LIBOR + 0.970%) due 07/13/20 §		500,000		500,095
3.150% due 01/22/21		600,000		602,961
3.961% due 11/26/25		1,000,000		1,050,136
4.250% due 10/14/21		900,000		923,935
5.000% due 02/14/22		900,000		939,916
Diversified Healthcare Trust REIT 9.750% due 06/15/25		600,000		645,375
EPR Properties REIT 5.250% due 07/15/23		400,000		392,441
GE Capital Funding LLC 4.400% due 05/15/30 ~		900,000		936,908
GLP Capital LP REIT 5.375% due 04/15/26		900,000		985,675
Goodman US Finance Three LLC REIT (Australia) 3.700% due 03/15/28 ~		200,000		216,526
Host Hotels & Resorts LP REIT 4.000% due 06/15/25		200,000		207,644
HSBC Holdings PLC (United Kingdom)
4.583% due 06/19/29		360,000		416,117
4.950% due 03/31/30		200,000		239,917
6.875% due 06/01/21		400,000		405,928
Hudson Pacific Properties LP REIT 4.650% due 04/01/29		800,000		864,761
ING Groep NV (Netherlands) 4.625% due 01/06/26 ~		700,000		821,363
International Lease Finance Corp 5.875% due 08/15/22		150,000		157,875
Intesa Sanpaolo SPA (Italy)
3.375% due 01/12/23 ~		220,000		226,437
5.017% due 06/26/24 ~		370,000		379,329
JPMorgan Chase & Co
2.083% due 04/22/26		100,000		103,872
2.182% due 06/01/28		900,000		932,156
2.522% due 04/22/31		360,000		381,028
3.109% due 04/22/51		30,000		32,447
3.509% due 01/23/29		150,000		167,689
4.203% due 07/23/29		170,000		199,487
4.452% due 12/05/29		70,000		83,978
4.950% due 06/01/45		150,000		202,210
KEB Hana Bank (South Korea) 3.375% due 01/30/22 ~		900,000		935,200
Kimco Realty Corp REIT 2.700% due 03/01/24		900,000		925,954
KKR Group Finance Co II LLC 5.500% due 02/01/43 ~		30,000		36,993
Lifestorage LP REIT 3.500% due 07/01/26		800,000		858,109
Lloyds Banking Group PLC (United Kingdom)
1.501% (AUD Bank Bill + 1.400%) due 03/07/25 §		AUD 800,000		536,854
4.000% due 03/07/25		900,000		666,793
4.375% due 03/22/28		$200,000		232,215
4.450% due 05/08/25		500,000		567,390
7.625% due 06/27/23 ~		GBP 600,000		761,439


	Principal Amount		Value
Mastercard Inc 3.850% due 03/26/50		$10,000		$12,535
Metropolitan Life Global Funding I 3.450% due 12/18/26 ~		700,000		794,463
Mid-America Apartments LP REIT 4.200% due 06/15/28		700,000		812,252
Mitsubishi UFJ Financial Group Inc (Japan)
3.407% due 03/07/24		700,000		756,222
3.455% due 03/02/23		600,000		640,937
Mizuho Financial Group Inc (Japan)
2.226% due 05/25/26		800,000		820,834
3.922% due 09/11/24		300,000		324,832
Morgan Stanley
2.188% due 04/28/26		130,000		135,356
2.699% due 01/22/31		70,000		74,444
3.125% due 07/27/26		200,000		220,831
3.622% due 04/01/31		290,000		331,908
3.737% due 04/24/24		100,000		107,850
3.772% due 01/24/29		10,000		11,390
4.431% due 01/23/30		10,000		11,920
5.597% due 03/24/51		20,000		30,381
MPT Operating Partnership LP REIT 2.550% due 12/05/23		GBP 700,000		866,102
Nasdaq Inc 3.850% due 06/30/26		$800,000		897,441
National Retail Properties Inc REIT
2.500% due 04/15/30		900,000		861,533
3.500% due 10/15/27		200,000		209,250
New York Life Global Funding 0.950% due 06/24/25 ~		40,000		40,133
Nordea Bank Abp (Finland) 1.000% due 06/09/23 ~		200,000		202,327
Oversea-Chinese Banking Corp Ltd (Singapore) 0.836% (USD LIBOR + 0.450%) due 05/17/21 § ~		400,000		400,291
Park Aerospace Holdings Ltd (Ireland) 5.250% due 08/15/22 ~		50,000		46,958
Principal Life Global Funding II 1.250% due 06/23/25 ~		20,000		20,075
Royal Bank of Canada (Canada)
1.150% due 06/10/25		130,000		130,269
1.600% due 04/17/23		90,000		92,364
Royal Bank of Scotland Group PLC (United Kingdom)
3.875% due 09/12/23		800,000		863,037
5.125% due 05/28/24		570,000		624,177
7.500% due 08/10/20		800,000		803,200
8.625% due 08/15/21		600,000		625,182
Santander Holdings USA Inc
3.244% due 10/05/26		1,000,000		1,040,355
4.500% due 07/17/25		130,000		140,731
Scentre Group Trust 1 REIT (Australia) 4.375% due 05/28/30 ~		900,000		990,690
Simon Property Group LP REIT 2.500% due 09/01/20		400,000		400,183
Societe Generale SA (France) 4.250% due 09/14/23 ~		500,000		539,203
Spirit Realty LP REIT 3.400% due 01/15/30		800,000		757,446
Sumitomo Mitsui Financial Group Inc (Japan) 2.058% due 07/14/21		120,000		122,070
Teachers Insurance & Annuity Association of America
4.900% due 09/15/44 ~		40,000		51,533
6.850% due 12/16/39 ~		18,000		27,121
The Bank of New York Mellon Corp 1.600% due 04/24/25		30,000		31,120


	Principal Amount		Value
The Depository Trust & Clearing Corp 3.480% due 09/15/20 ~		$250,000		$222,554
The Goldman Sachs Group Inc
3.200% due 02/23/23		60,000		63,708
3.500% due 01/23/25		700,000		762,980
3.750% due 05/22/25		600,000		665,213
3.850% due 07/08/24		160,000		176,538
4.223% due 05/01/29		180,000		209,542
4.250% due 10/21/25		470,000		530,062
5.150% due 05/22/45		340,000		450,805
6.250% due 02/01/41		70,000		104,663
The Toronto-Dominion Bank (Canada) 1.150% due 06/12/25		150,000		151,936
UBS Group AG (Switzerland)
1.750% due 04/21/22 ~		200,000		203,828
2.859% due 08/15/23 ~		200,000		207,331
3.491% due 05/23/23 ~		260,000		272,496
4.125% due 09/24/25 ~		1,000,000		1,134,803
7.000% due 01/31/24 ~		450,000		467,750
UniCredit SpA (Italy)
6.572% due 01/14/22 ~		350,000		369,890
7.830% due 12/04/23 ~		1,800,000		2,083,969
VEREIT Operating Partnership LP REIT
3.400% due 01/15/28		700,000		705,374
3.950% due 08/15/27		200,000		208,227
Vesteda Finance BV (Netherlands) 2.500% due 10/27/22 ~		EUR 600,000		697,849
Visa Inc
3.150% due 12/14/25		$80,000		89,316
4.300% due 12/14/45		100,000		132,430
Washington Prime Group LP REIT 6.450% due 08/15/24		950,000		538,370
Wells Fargo & Co
2.164% due 02/11/26		800,000		826,215
2.188% due 04/30/26		80,000		82,812
2.393% due 06/02/28		900,000		930,613
2.879% due 10/30/30		110,000		117,652
3.000% due 10/23/26		100,000		109,159
3.450% due 02/13/23		40,000		42,528
3.584% due 05/22/28		100,000		111,051
3.750% due 01/24/24		850,000		929,361
4.400% due 06/14/46		30,000		36,316
4.478% due 04/04/31		150,000		181,956
4.750% due 12/07/46		110,000		140,843
4.900% due 11/17/45		190,000		244,594
5.013% due 04/04/51		460,000		638,077
5.375% due 11/02/43		80,000		108,943
5.606% due 01/15/44		150,000		208,152

				75,591,698

Industrial - 3.0%

3M Co
2.375% due 08/26/29		60,000		64,732
3.050% due 04/15/30		10,000		11,336
3.700% due 04/15/50		80,000		95,413
Aviation Capital Group LLC 4.125% due 08/01/25 ~		600,000		540,778
Boeing Co 5.150% due 05/01/30		230,000		257,099


	Principal Amount		Value
Carrier Global Corp
1.923% due 02/15/23 ~		$20,000		$20,418
2.242% due 02/15/25 ~		50,000		51,319
2.493% due 02/15/27 ~		10,000		10,200
2.700% due 02/15/31 ~		30,000		29,880
2.722% due 02/15/30 ~		100,000		100,441
3.377% due 04/05/40 ~		30,000		29,280
3.577% due 04/05/50 ~		30,000		29,403
CNH Industrial Capital LLC 4.875% due 04/01/21		400,000		410,474
Deere & Co
3.100% due 04/15/30		20,000		22,698
3.750% due 04/15/50		60,000		74,129
Eaton Corp
2.750% due 11/02/22		130,000		136,805
4.150% due 11/02/42		20,000		23,669
Flex Ltd
4.875% due 05/12/30		800,000		890,369
GATX Corp
1.261% (USD LIBOR + 0.720%) due 11/05/21 §		1,000,000		986,604
4.750% due 06/15/22		400,000		421,879
General Dynamics Corp
3.500% due 05/15/25		10,000		11,225
4.250% due 04/01/40		10,000		12,481
4.250% due 04/01/50		30,000		39,147
General Electric Co
3.150% due 09/07/22		77,000		80,603
3.450% due 05/01/27		10,000		10,267
3.625% due 05/01/30		930,000		932,745
4.250% due 05/01/40		20,000		19,704
4.350% due 05/01/50		30,000		29,781
5.875% due 01/14/38		40,000		44,800
6.750% due 03/15/32		30,000		36,760
6.875% due 01/10/39		298,000		366,673
GFL Environmental Inc (Canada) 4.250% due 06/01/25 ~		30,000		30,319
L3Harris Technologies Inc 5.054% due 04/27/45		60,000		79,042
Lockheed Martin Corp
3.100% due 01/15/23		20,000		21,277
3.550% due 01/15/26		70,000		80,375
4.500% due 05/15/36		30,000		39,040
Northrop Grumman Corp
2.930% due 01/15/25		40,000		43,239
3.250% due 01/15/28		160,000		178,883
5.250% due 05/01/50		40,000		57,770
NTT Finance Corp (Japan) 1.900% due 07/21/21 ~		800,000		809,801
Otis Worldwide Corp
2.056% due 04/05/25 ~		30,000		31,474
2.293% due 04/05/27 ~		30,000		31,371
2.565% due 02/15/30 ~		90,000		94,575
Penske Truck Leasing Co Lp
4.125% due 08/01/23 ~		600,000		641,268
4.250% due 01/17/23 ~		800,000		851,285
Raytheon Co 3.125% due 10/15/20		70,000		70,565
Raytheon Technologies Corp
2.800% due 03/15/22 ~		500,000		515,981
3.100% due 11/15/21 ~		800,000		821,547
3.950% due 08/16/25		60,000		68,554
4.125% due 11/16/28		20,000		23,586
4.500% due 06/01/42		60,000		74,403
Republic Services Inc 2.500% due 08/15/24		50,000		53,216


	Principal Amount		Value
SMBC Aviation Capital Finance DAC (Ireland) 3.000% due 07/15/22 ~		$1,100,000		$1,106,054
The Boeing Co
2.700% due 02/01/27		30,000		29,324
2.800% due 03/01/27		30,000		28,987
3.100% due 05/01/26		10,000		10,200
3.200% due 03/01/29		90,000		89,085
3.250% due 02/01/35		160,000		146,006
3.550% due 03/01/38		20,000		18,255
3.750% due 02/01/50		190,000		171,823
TransDigm Inc
6.250% due 03/15/26 ~		30,000		30,033
8.000% due 12/15/25 ~		20,000		21,107
Union Pacific Corp
2.150% due 02/05/27		50,000		52,932
2.400% due 02/05/30		50,000		53,555
3.750% due 07/15/25		120,000		136,017
3.750% due 02/05/70		70,000		78,393
Waste Management Inc
3.200% due 06/15/26		30,000		30,764
3.450% due 06/15/29		20,000		20,710
3.500% due 05/15/24		20,000		21,813
4.150% due 07/15/49		50,000		62,780
WRKCo Inc 4.650% due 03/15/26		1,000,000		1,164,464

				13,680,985

Technology - 1.8%

Activision Blizzard Inc 2.600% due 06/15/22		900,000		934,186
Apple Inc 2.450% due 08/04/26		80,000		86,991
Broadcom Inc
3.459% due 09/15/26 ~		500,000		537,424
4.150% due 11/15/30 ~		900,000		981,280
4.700% due 04/15/25 ~		240,000		270,499
Dell International LLC 5.450% due 06/15/23 ~		500,000		547,120
Hewlett Packard Enterprise Co 1.024% (USD LIBOR + 0.720%) due 10/05/21 §		600,000		598,973
Intel Corp
3.700% due 07/29/25		50,000		56,927
4.600% due 03/25/40		10,000		13,241
4.750% due 03/25/50		190,000		268,896
4.950% due 03/25/60		30,000		44,318
Micron Technology Inc 2.497% due 04/24/23		50,000		51,966
Microsoft Corp
2.525% due 06/01/50		150,000		156,018
2.675% due 06/01/60		5,000		5,250
3.300% due 02/06/27		200,000		228,848
3.450% due 08/08/36		20,000		24,145
3.950% due 08/08/56		25,000		32,217
NetApp Inc 2.700% due 06/22/30		1,000,000		1,003,588
NVIDIA Corp
2.850% due 04/01/30		30,000		33,434
3.500% due 04/01/40		70,000		81,958
3.500% due 04/01/50		190,000		221,453
3.700% due 04/01/60		40,000		47,786
NXP BV (Netherlands)
4.625% due 06/01/23 ~		700,000		768,410
4.875% due 03/01/24 ~		800,000		893,913
Texas Instruments Inc 1.750% due 05/04/30		20,000		20,345


	Principal Amount		Value
VMware Inc 2.950% due 08/21/22		$500,000		$517,430

				8,426,616

Utilities - 2.0%

Consolidated Edison Co of New York Inc
3.350% due 04/01/30		20,000		22,807
3.950% due 04/01/50		10,000		11,955
Duke Energy Carolinas LLC 5.300% due 02/15/40		60,000		83,309
Duke Energy Corp 3.150% due 08/15/27		200,000		221,780
Duke Energy Ohio Inc 3.650% due 02/01/29		20,000		23,158
Emera US Finance LP (Canada) 2.700% due 06/15/21		800,000		814,765
Enel Finance International NV (Italy) 2.650% due 09/10/24 ~		900,000		941,229
FirstEnergy Corp 7.375% due 11/15/31		490,000		716,360
LG&E and KU Energy LLC 4.375% due 10/01/21		500,000		517,117
National Fuel Gas Co 4.900% due 12/01/21		2,000,000		2,069,126
NextEra Energy Capital Holdings Inc
1.080% (USD LIBOR + 0.720%) due 02/25/22 §		900,000		905,135
3.200% due 02/25/22		900,000		938,958
Niagara Mohawk Power Corp 4.278% due 12/15/28 ~		1,100,000		1,286,053
Pacific Gas and Electric Co
1.750% due 06/16/22		480,000		481,949
2.100% due 08/01/27		20,000		19,801
2.500% due 02/01/31		30,000		29,403
3.300% due 08/01/40		10,000		9,755
3.500% due 08/01/50		20,000		19,358
Virginia Electric and Power Co 6.350% due 11/30/37		160,000		233,033

				9,345,051


Total Corporate Bonds & Notes (Cost $172,254,274)				178,902,566


SENIOR LOAN NOTES - 1.5%

Communications - 0.2%

Altice France SA Term B-12 (France) 4.438% (USD LIBOR + 3.688%) due 01/31/26 §		242,831		232,586
Charter Communications Operating LLC
Term B-1
1.930% (USD LIBOR + 1.750%) due 04/30/25 §		19,840		19,198
Term B-2
1.930% (USD LIBOR + 1.750%) due 02/01/27 §		158,533		152,809
CSC Holdings LLC Term B-5 2.685% (USD LIBOR + 2.500%) due 04/15/27 §		29,925		28,534
Diamond Sports Group LLC Term B 3.430% (USD LIBOR + 3.250%) due 08/24/26 §		9,825		8,044
iHeartCommunications Inc Term B 3.178% (USD LIBOR + 3.000%) due 05/01/26 §		59,526		55,111


	Principal Amount		Value
Level 3 Financing Inc Term B 1.928% (USD LIBOR + 1.750%) due 03/01/27 §		$53,972		$51,139
Nexstar Broadcasting Inc Term B 2.923% (USD LIBOR + 2.750%) due 09/19/26 §		182,519		174,077
T-Mobile USA Inc Term B 3.178% (USD LIBOR + 3.000%) due 04/01/27 § ¥		90,000		90,000
Univision Communications Inc Term B due 03/24/26 ¥		10,000		9,358
Term C-5
3.750% (USD LIBOR + 2.750%) due 03/15/24 §		130,535		121,289
Virgin Media Bristol LLC Term N 2.685% (USD LIBOR + 2.500%) due 01/31/28 §		160,000		153,520
Ziggo Financing Partnership Term I (Netherlands) 2.685% (USD LIBOR + 2.500%) due 04/30/28 §		99,750		94,513

				1,190,178

Consumer, Cyclical - 0.4%

Alterra Mountain Co Term B 2.928% (USD LIBOR + 2.750%) due 07/31/24 §		78,788		74,504
American Airlines Inc Term B 2.185% (USD LIBOR + 2.000%) due 12/14/23 §		39,592		32,296
Caesars Resort Collection LLC Term B
due 06/19/25 ¥		70,000		66,013
2.928% (USD LIBOR + 2.750%) due 12/22/24 §		119,397		106,993
CEOC LLC Term B 2.174% (USD LIBOR + 2.000%) due 10/06/24 §		74,389		74,212
CityCenter Holdings LLC Term B 3.000% (USD LIBOR + 2.250%) due 04/18/24 §		81,438		74,244
Clarios Global LP Term B 3.678% (USD LIBOR + 3.500%) due 04/30/26 §		89,325		85,380
Delta Air Lines Inc Term B 5.510% (USD LIBOR + 4.750%) due 04/29/23 §		100,000		98,400
Four Seasons Hotels Ltd Term B (Canada) 2.178% (USD LIBOR + 2.000%) due 11/30/23 §		59,410		56,588
Golden Nugget LLC Term B 3.454% (USD LIBOR + 2.500%) due 10/04/23 §		77,181		63,945
Hilton Worldwide Finance LLC Term B-2 1.935% (USD LIBOR + 1.750%) due 06/21/26 §		140,000		131,250
Michaels Stores Inc Term B 3.534% (USD LIBOR + 2.500%) due 01/28/23 §		105,897		97,337
Party City Holdings Inc 4.072% (USD LIBOR + 2.500%) due 08/19/22 §		39,003		18,900
PCI Gaming Authority Term B 2.678% (USD LIBOR + 2.500%) due 05/31/26 §		35,131		33,791
Restaurant Brands International Inc Term B 1.928% (USD LIBOR + 1.750%) due 11/19/26 §		199,000		189,199


	Principal Amount		Value
Scientific Games International Inc Term B-5 3.476% (USD LIBOR + 2.750%) due 08/14/24 §		$143,809		$127,487
Stars Group Holdings BV Term B (Canada) 3.808% (USD LIBOR + 3.500%) due 07/10/25 §		5,109		5,091
TKC Holdings Inc 4.750% (USD LIBOR + 3.750%) due 02/01/23 §		69,097		65,003
UFC Holdings LLC Term B 4.250% (USD LIBOR + 3.250%) due 04/29/26 §		118,563		113,327
Wynn Resorts Finance LLC Term A 1.930% (USD LIBOR + 1.750%) due 09/20/24 §		182,875		172,817

				1,686,777

Consumer, Non-Cyclical - 0.5%

Allied Universal Holdco LLC 4.428% (USD LIBOR + 4.250%) due 07/12/26 §		138,350		134,314
Bausch Health Americas Inc Term B 3.190% (USD LIBOR + 3.000%) due 06/01/25 §		41,418		40,273
Change Healthcare Holdings LLC Term B 3.500% (USD LIBOR + 2.500%) due 03/01/24 §		201,601		194,125
Elanco Animal Health Inc Term B due 02/04/27 ¥		150,000		143,625
Eyecare Partners LLC 4.822% (USD LIBOR + 3.750%) due 02/20/27 §		40,439		36,732
Froneri US Inc Term B (United Kingdom) 2.428% (USD LIBOR + 2.250%) due 01/31/27 §		60,000		56,650
Garda World Security Corp Term B (Canada) 4.930% (USD LIBOR + 4.750%) due 10/30/26 §		34,353		33,838
Global Medical Response Inc Term B 4.250% (USD LIBOR + 3.250%) due 04/28/22 §		303,141		292,531
Grifols Worldwide Operations USA Inc Term B (Spain) 2.109% (USD LIBOR + 2.000%) due 11/15/27 §		149,250		144,130
Jaguar Holding Co II 3.500% (USD LIBOR + 2.500%) due 08/18/22 §		89,218		87,919
LifePoint Health Inc Term B 3.928% (USD LIBOR + 3.750%) due 11/16/25 §		177,066		165,889
MPH Acquisition Holdings LLC Term B 3.750% (USD LIBOR + 2.750%) due 06/07/23 §		186,441		177,314
Option Care Health Inc 4.678% (USD LIBOR + 4.500%) due 08/06/26 §		79,600		77,544
Phoenix Guarantor Inc Term B 3.435% (USD LIBOR + 3.250%) due 03/05/26 §		100,803		97,337
Prime Security Services Borrower LLC Term B 4.250% (USD LIBOR + 3.250%) due 09/23/26 §		158,429		152,686
Reynolds Consumer Products LLC Term B 1.928% (USD LIBOR + 1.750%) due 02/04/27 §		66,039		63,686


	Principal Amount		Value
Sotera Health Holdings LLC 5.500% (USD LIBOR + 4.500%) due 12/13/26 §		$199,500		$195,572
Trans Union LLC Term B-5 1.928% (USD LIBOR + 1.750%) due 11/13/26 §		48,308		46,506
US Foods Inc Term B
1.928% (USD LIBOR + 1.750%) due 06/27/23 §		39,896		37,203
3.072% (USD LIBOR + 2.000%) due 09/13/26 §		39,900		37,655
VVC Holding Corp Term B 4.818% (USD LIBOR + 4.500%) due 02/11/26 §		177,849		172,366

				2,387,895

Diversified - 0.0%

First Eagle Holdings Inc Term B 2.808% (USD LIBOR + 2.500%) due 02/02/27 §		39,427		38,063


Financial - 0.2%

Asurion LLC
Term B-4
3.178% (USD LIBOR + 3.000%) due 08/04/22 §		125,426		122,407
Term B-7
3.178% (USD LIBOR + 3.000%) due 11/03/24 §		68,994		66,817
Citadel Securities LP Term B 2.928% (USD LIBOR + 2.750%) due 02/27/26 §		39,825		38,862
Deerfield Dakota Holding LLC Term B 4.750% (USD LIBOR + 3.750%) due 04/09/27 §		130,000		126,547
Focus Financial Partners LLC Term B-3 2.178% (USD LIBOR + 2.000%) due 07/03/24 §		79,318		76,145
Jane Street Group LLC Term B 3.178% (USD LIBOR + 3.000%) due 01/07/25 §		49,300		48,109
RPI 2019 Intermediate Finance Trust Term B-1 1.928% (USD LIBOR + 1.750%) due 02/11/27 §		149,250		146,234
The Edelman Financial Center LLC Term B 3.180% (USD LIBOR + 3.000%) due 07/19/25 §		59,100		56,677
VFH Parent LLC 3.188% (USD LIBOR + 3.000%) due 03/01/26 §		35,778		34,943
VICI Properties 1 LLC Term B 1.940% (USD LIBOR + 1.750%) due 12/22/24 §		60,000		56,100

				772,841

Industrial - 0.1%

APi Group DE Inc Term B 2.678% (USD LIBOR + 2.500%) due 10/01/26 §		79,600		77,262
Atlantic Aviation FBO Inc Term B 3.930% (USD LIBOR + 3.750%) due 12/06/25 §		19,700		18,518
Berry Global Inc Term W 2.177% (USD LIBOR + 2.000%) due 10/01/22 §		70,000		68,381


	Principal Amount		Value
Genesee & Wyoming Inc 2.308% (USD LIBOR + 2.000%) due 12/30/26 §		$139,650		$135,007
GFL Environmental Inc Term B (Canada) 4.000% (USD LIBOR + 3.000%) due 05/31/25 §		15,906		15,501
Reynolds Group Holdings Inc Term B 2.928% (USD LIBOR + 2.750%) due 02/05/23 §		17,680		16,915

				331,584

Technology - 0.1%

Dcert Buyer Inc 4.178% (USD LIBOR + 4.000%) due 10/16/26 §		169,575		164,664
Dell International LLC Term B-1 2.750% (USD LIBOR + 2.000%) due 09/19/25 §		155,669		151,972
McAfee LLC Term B 3.934% (USD LIBOR + 3.750%) due 09/29/24 §		178,188		173,555

				490,191


Total Senior Loan Notes (Cost $7,221,883)				6,897,529


MORTGAGE-BACKED SECURITIES - 36.7%

Collateralized Mortgage Obligations - Commercial - 3.3%

AREIT Trust 2.805% (USD LIBOR + 2.620%) due 04/14/37 § ~		600,000		611,437
Ashford Hospitality Trust 1.185% (USD LIBOR + 1.000%) due 06/15/35 § ~		600,000		559,194
BAMLL Re-REMIC Trust 6.015% due 08/10/45 § ~		1,624,540		705,702
BX Commercial Mortgage Trust 2.235% (USD LIBOR + 2.050%) due 11/15/35 § ~		98,000		94,911
Citigroup Commercial Mortgage Trust 3.778% due 09/10/58		700,000		777,458
Commercial Mortgage Trust 4.454% due 02/10/48 §		90,000		82,961
Credit Suisse Commercial Mortgage Trust 5.373% due 12/15/39		77,556		35,711
CSMC Trust
4.373% due 09/15/37 ~		830,000		629,470
4.764% due 12/15/21		430,000		395,650
DBGS Mortgage Trust
3.843% due 04/10/37 ~		900,000		1,011,140
5.513% due 08/10/44 § ~		260,000		257,640
Fannie Mae
2.444% due 10/25/29		800,000		867,429
3.273% due 02/25/29		140,000		162,035
3.450% due 01/01/29		150,000		173,846
3.610% due 02/25/31		70,000		83,988
3.673% due 09/25/28 §		310,000		364,938
3.700% due 01/25/36		100,000		118,787
FREMF Mortgage Trust 2.333% (USD LIBOR + 2.150%) due 01/25/26 § ~		299,389		284,680


	Principal Amount		Value
Government National Mortgage Association 2.694% due 11/16/47 §		$93,751		$99,237
Government National Mortgage Association (IO)
0.424% due 01/16/53 §		9,302,383		207,545
0.547% due 04/16/47 §		3,502,025		103,170
GRACE Mortgage Trust 3.520% due 06/10/28 ~		600,000		601,666
GS Mortgage Securities Trust
1.485% (USD LIBOR + 1.300%) due 09/15/31 § ~		1,120,000		1,073,857
3.203% due 02/10/29 ~		400,000		398,986
5.622% due 11/10/39		93,803		64,911
JP Morgan Chase Commercial Mortgage Securities Trust
3.195% (USD LIBOR + 3.000%) due 01/16/37 § ~		380,000		318,635
4.195% (USD LIBOR + 4.000%) due 01/16/37 § ~		300,000		244,481
4.435% (USD LIBOR + 4.250%) due 12/15/36 § ~		280,000		228,672
6.074% due 02/12/49 §		368,330		147,509
6.935% (USD LIBOR + 6.750%) due 12/15/36 § ~		280,000		215,601
MF1 Ltd (Cayman) 2.235% (USD LIBOR + 2.050%) due 07/15/35 § ~		1,200,000		1,206,450
ML-CFC Commercial Mortgage Trust 5.450% due 08/12/48 §		38,995		23,137
Morgan Stanley Bank of America Merrill Lynch Trust 3.040% due 04/15/48		970,092		1,005,607
Morgan Stanley Capital I Trust
2.508% due 04/05/42 § ~		400,000		407,459
3.516% due 07/13/29 § ~		600,000		612,201
3.560% due 07/13/29 § ~		700,000		714,466
Waterfall Commercial Mortgage Trust 4.104% due 09/14/22 § ~		163,407		161,225
Wells Fargo Commercial Mortgage Trust (IO) 1.403% due 03/15/50 §		4,646,336		305,796

				15,357,588

Collateralized Mortgage Obligations - Residential - 6.6%

Alternative Loan Trust
0.355% (USD LIBOR + 0.170%) due 07/25/46 §		138,417		149,631
0.395% (USD LIBOR + 0.210%) due 05/25/35 §		239,444		216,056
2.939% due 06/25/37 §		92,260		78,039
American Home Mortgage Investment Trust 6.700% due 06/25/36		1,360,683		410,935
Banc of America Funding Trust 4.012% due 05/25/35 §		14,426		14,271
BCAP LLC Trust
0.683% due 03/28/37 § ~		1,374,860		1,425,943
4.869% due 03/26/37 ~		33,143		33,244
Bear Stearns Adjustable Rate Mortgage Trust
3.833% due 08/25/33 §		18,759		18,178
4.178% due 10/25/36 §		5,041		4,857
4.220% due 01/25/35 §		286,007		270,980
Bear Stearns ALT-A Trust
3.717% due 11/25/36 §		45,471		29,979
3.769% due 05/25/35 §		14,691		14,306
Chase Mortgage Finance Trust
3.988% due 02/25/37 §		177,127		174,164
4.058% due 09/25/36 §		56,189		49,033


	Principal Amount		Value
ChaseFlex Trust 0.335% (USD LIBOR + 0.150%) due 08/25/37 §		$330,143		$280,328
Chevy Chase Funding LLC
0.435% (USD LIBOR + 0.250%) due 08/25/35 § ~		14,219		13,765
0.956% due 05/25/35 § ~		709,490		520,355
Citigroup Mortgage Loan Trust Inc 2.320% (US Treasury + 2.150%) due 09/25/35 §		6,504		6,398
Countrywide Home Loan Mortgage Pass-Through Trust 0.825% (USD LIBOR + 0.640%) due 03/25/35 §		7,913		7,384
Credit Suisse First Boston Mortgage Securities Corp 6.000% due 11/25/35		44,008		37,509
Downey Saving & Loan Association Mortgage Loan Trust 0.352% (USD LIBOR + 0.180%) due 04/19/47 §		86,598		75,177
Eurosail-UK PLC (United Kingdom)
1.143% (GBP LIBOR + 0.950%) due 06/13/45 § ~		GBP 319,190		391,065
1.143% (GBP LIBOR + 0.950%) due 06/13/45 § ~		319,190		391,065
Fannie Mae
0.623% (USD LIBOR + 0.450%) due 09/25/46 §		$442,625		442,258
1.625% (US PRIME - 1.625%) due 11/25/23 §		44,626		44,765
5.500% due 04/25/35		354,828		425,766
Fannie Mae (IO)
4.000% due 03/25/43		312,296		37,762
4.000% due 04/25/43		1,151,875		134,268
5.816% (6.000% - USD LIBOR) due 11/25/45 §		1,476,103		317,581
5.916% (6.100% - USD LIBOR) due 09/25/46 §		910,514		181,938
Freddie Mac (IO)
3.500% due 04/15/43		345,943		34,975
4.000% due 04/15/43		254,048		13,960
5.915% (6.100% - USD LIBOR) due 08/15/44 §		236,209		52,241
Freddie Mac REMICS
3.000% due 08/15/48		235,407		243,948
8.000% due 04/15/30		61,218		73,423
Freddie Mac Structured Agency Credit Risk Debt Notes
3.335% (USD LIBOR + 3.150%) due 07/25/30 §		1,120,000		1,040,225
4.185% (USD LIBOR + 4.000%) due 08/25/24 §		294,246		300,996
GMACM Mortgage Loan Trust 6.000% due 12/25/35		585,922		551,856
Government National Mortgage Association
0.603% (USD LIBOR + 0.300%) due 05/20/68 §		388,166		385,986
0.803% (USD LIBOR + 0.500%) due 06/20/69 §		196,135		196,042
0.903% (USD LIBOR + 0.600%) due 07/20/65 §		612,014		613,170
1.103% (USD LIBOR + 0.800%) due 06/20/66 §		697,142		703,883


	Principal Amount		Value
1.103% (USD LIBOR + 0.800%) due 07/20/66 §		$1,127,738		$1,138,120
1.904% (USD LIBOR + 0.750%) due 04/20/67 §		682,731		696,780
4.607% due 09/20/66 §		825,636		889,448
Government National Mortgage Association (IO)
4.000% due 11/20/44		792,645		109,258
4.500% due 11/16/45		285,654		51,354
5.905% (6.100% - USD LIBOR) due 10/16/46 §		221,391		62,142
5.960% (6.150% - USD LIBOR) due 02/20/46 §		1,322,450		295,815
Great Hall Mortgages PLC (United Kingdom) 0.438% (USD LIBOR + 0.130%) due 06/18/39 § ~		243,811		238,879
GSR Mortgage Loan Trust
6.000% due 11/25/35		583,488		417,063
6.000% due 07/25/37		291,733		260,995
HarborView Mortgage Loan Trust
0.345% (USD LIBOR + 0.160%) due 05/25/38 §		285,628		237,945
0.512% (USD LIBOR + 0.170%) due 12/19/36 §		168,254		147,477
0.634% (USD LIBOR + 0.440%) due 05/19/35 §		242,698		220,245
3.863% due 08/19/36 §		117,805		107,476
4.138% due 02/25/36 §		47,170		25,741
Hawksmoor Mortgages (United Kingdom) 1.287% (SONIA + 1.050%) due 05/25/53 § ~		GBP 3,052,854		3,788,014
JP Morgan Mortgage Trust
3.192% due 07/25/35 §		$21,662		21,775
3.500% due 10/25/48 § ~		344,385		353,736
3.500% due 10/25/48 § ~		1,110,437		1,136,408
5.750% due 01/25/36		13,973		10,169
Ludgate Funding PLC (United Kingdom) 0.311% (GBP LIBOR + 0.160%) due 01/01/61 § ~		GBP 448,441		522,051
Merrill Lynch Mortgage Investors Trust 3.544% due 11/25/35 §		$282,777		272,457
Morgan Stanley Resecuritization Trust 2.401% (US FED + 0.710%) due 12/27/46 § ~		1,660,865		1,292,382
New Residential Mortgage Loan Trust 2.492% due 09/25/59 § ~		333,421		336,562
Nomura Resecuritization Trust 6.870% due 06/26/35 § ~		1,844,854		1,894,209
RBSSP Resecuritization Trust 3.532% due 12/25/35 § ~		49,263		49,160
Reperforming Loan REMIC Trust
0.525% (USD LIBOR + 0.340%) due 06/25/35 § ~		28,437		26,693
0.525% (USD LIBOR + 0.340%) due 01/25/36 § ~		161,175		153,508
Ripon Mortgages PLC (United Kingdom) 1.056% (GBP LIBOR + 0.800%) due 08/20/56 § ~		GBP 685,679		847,397
Silverstone Master Issuer PLC (United Kingdom) 1.679% (USD LIBOR + 0.570%) due 01/21/70 § ~		$724,500		725,417
Towd Point Mortgage Funding (United Kingdom) 1.392% (SONIA + 0.900%) due 07/20/45 § ~		GBP 1,413,315		1,743,321
Towd Point Mortgage Funding PLC (United Kingdom) 1.677% (GBP LIBOR + 1.025%) due 10/20/51 § ~		1,190,250		1,477,714


	Principal Amount		Value
WaMu Mortgage Pass-Through Certificates Trust 3.649% due 02/25/37 §		$130,955		$116,566

				30,073,982

Fannie Mae - 19.3%

2.000% due 07/01/35 - 07/01/50		2,100,000		2,162,981
2.000% due 09/01/50		9,000,000		9,164,996
2.310% due 08/01/22		491,774		505,361
2.500% due 07/01/50 - 08/01/50		3,000,000		3,122,828
2.500% due 09/01/50		24,900,000		25,846,708
2.704% (US FED + 1.200%) due 10/01/44 §		8,973		9,017
2.765% due 08/01/31		100,000		112,457
2.770% due 08/01/31		100,000		112,504
2.790% due 08/01/29		100,000		112,410
2.810% due 04/01/25		30,000		32,500
2.850% due 08/01/31		100,000		113,310
3.000% due 09/01/21 - 07/01/50		3,233,721		3,430,552
3.000% due 09/01/50		21,400,000		22,462,309
3.160% due 05/01/29		39,456		45,208
3.160% due 06/01/29		4,200,000		4,828,516
3.260% due 05/01/29		30,000		34,724
3.500% due 09/01/42 - 02/01/50		1,290,561		1,391,550
3.500% due 08/01/50		5,100,000		5,364,220
3.555% (USD LIBOR + 1.512%) due 11/01/32 §		28,419		28,557
3.737% (USD LIBOR + 1.737%) due 12/01/35 §		4,693		4,730
4.000% due 06/01/25 - 06/01/57		4,110,126		4,383,604
4.119% (US Treasury + 2.043%) due 09/01/35 §		23,165		23,451
4.122% (US FED + 1.927%) due 12/01/36 §		1,810		1,871
4.200% (US Treasury + 2.360%) due 11/01/34 §		23,632		24,877
4.500% due 06/01/24 - 09/01/57		2,350,659		2,568,491
5.000% due 02/01/35 - 08/01/49		998,270		1,091,103
5.500% due 07/01/21 - 08/01/39		1,079,955		1,215,653
6.000% due 02/01/33 - 06/01/40		173,042		201,147

				88,395,635

Freddie Mac - 1.7%

3.000% due 10/01/46 - 09/01/49		1,243,680		1,339,931
3.500% due 10/01/42 - 03/01/50		960,762		1,033,115
3.751% (USD LIBOR + 1.345%) due 09/01/35 §		4,379		4,542
4.000% due 10/01/46 - 10/01/48		2,853,859		3,053,125
4.152% (USD LIBOR + 1.870%) due 09/01/35 §		12,932		13,002
4.500% due 11/01/44 - 04/01/50		848,082		922,941
4.579% (USD LIBOR + 1.726%) due 06/01/35 §		38,853		40,938
4.689% (US Treasury + 2.250%) due 11/01/31 §		1,541		1,550
4.763% (USD LIBOR + 1.345%) due 04/01/32 §		9,810		9,882
5.000% due 08/01/48 - 03/01/50		967,589		1,057,648
5.500% due 03/01/23 - 05/01/40		458,801		526,617
6.000% due 03/01/23		5,660		6,293

				8,009,584


	Principal Amount		Value
Government National Mortgage Association - 5.8%

2.500% due 07/20/50		$300,000		$315,691
3.000% due 09/15/42 - 12/20/50		997,541		1,057,378
3.500% due 03/20/45 - 08/20/50		4,346,417		4,597,304
4.000% due 06/20/47 - 04/20/50		776,748		834,810
4.500% due 06/20/48 - 02/20/50		2,357,427		2,528,224
4.500% due 07/20/50		13,900,000		14,840,422
5.000% due 10/15/38 - 02/20/49		2,220,223		2,422,088

				26,595,917


Total Mortgage-Backed Securities (Cost $169,673,378)				168,432,706


ASSET-BACKED SECURITIES - 5.4%

ACE Securities Corp Home Equity Loan Trust 1.143% (USD LIBOR + 0.975%) due 07/25/35 §		478,687		476,760
Applebee’s Funding LLC 4.194% due 06/07/49 ~		270,000		239,647
Argent Securities Inc
0.988% (USD LIBOR + 0.820%) due 02/25/34 §		564,274		533,340
1.310% (USD LIBOR + 1.125%) due 11/25/34 §		469,638		451,611
Asset-Backed Funding Certificates Trust 0.868% (USD LIBOR + 0.700%) due 06/25/34 §		49,738		47,983
Basic Asset Backed Securities Trust 0.788% (USD LIBOR + 0.310%) due 04/25/36 §		319,786		316,857
Bear Stearns Asset Backed Securities I Trust
0.385% (USD LIBOR + 0.200%) due 12/25/36 §		131,453		131,433
0.408% (USD LIBOR + 0.240%) due 12/25/36 §		1,226,917		960,875
1.173% (USD LIBOR + 1.005%) due 06/25/35 §		256,164		248,532
Chesapeake Funding II LLC (Canada)
0.555% (USD LIBOR + 0.370%) due 08/15/30 § ~		340,623		334,671
3.230% due 08/15/30 ~		340,623		347,135
Citigroup Mortgage Loan Trust
0.338% (USD LIBOR + 0.170%) due 05/25/37 §		50,099		50,000
0.618% (USD LIBOR + 0.450%) due 11/25/45 § ~		294,345		291,888
CLNC Ltd (Cayman) 1.444% (USD LIBOR + 1.250%) due 08/20/35 § ~		900,000		878,625
Community Funding CLO (Cayman) 5.750% due 11/01/27 ~		649,859		656,423
Countrywide Asset-Backed Certificates
0.325% (USD LIBOR + 0.140%) due 07/25/37 §		325,002		285,008
0.355% (USD LIBOR + 0.170%) due 09/25/36 §		887,074		876,312
0.585% (USD LIBOR + 0.400%) due 06/25/36 §		500,000		482,367
Credit Acceptance Auto Loan Trust 3.470% due 05/17/27 ~		535,720		542,418
Dividend Solar Loans LLC 3.670% due 08/22/39 ~		277,840		280,928
Evergreen Credit Card Trust (Canada) 1.900% due 09/15/24 ~		1,100,000		1,129,268


	Principal Amount		Value
First Franklin Mortgage Loan Trust 0.828% (USD LIBOR + 0.660%) due 05/25/36 §		$104,126		$104,187
Flagship Credit Auto Trust 1.490% due 07/15/24 ~		955,622		961,535
Freddie Mac Structured Pass-Through Certificates 3.089% due 11/25/27		200,000		217,462
Gallatin CLO (Cayman) 2.159% (USD LIBOR + 1.050%) due 01/21/28 § ~		498,449		491,103
GSAA Home Equity Trust
0.268% (USD LIBOR + 0.100%) due 03/25/37 §		437,075		174,280
6.000% due 08/25/47		294,415		280,704
Home Equity Asset Trust 1.085% (USD LIBOR + 0.900%) due 11/25/34 §		276,371		276,301
LoanCore Issuer Ltd (Cayman) 1.315% (USD LIBOR + 1.130%) due 05/15/28 § ~		500,000		495,000
Long Beach Mortgage Loan Trust 0.485% (USD LIBOR + 0.300%) due 02/25/36 §		1,004,607		870,487
Mastr Asset Backed Securities Trust 0.388% (USD LIBOR + 0.220%) due 10/25/36 §		649,564		277,964
Merrill Lynch Mortgage Investors Trust 0.328% (USD LIBOR + 0.160%) due 04/25/37 §		386,597		220,589
Monarch Grove CLO (Cayman) 1.871% (USD LIBOR + 0.880%) due 01/25/28 § ~		447,514		442,480
Morgan Stanley ABS Capital I Inc Trust A3 0.348% (USD LIBOR + 0.180%) due 05/25/37 §		825,307		714,082
Morgan Stanley Home Equity Loan Trust
0.285% (USD LIBOR + 0.100%) due 12/25/36 §		966,443		530,851
0.325% (USD LIBOR + 0.140%) due 12/25/36 §		762,856		421,713
Mountain View CLO Ltd (Cayman) 2.019% (USD LIBOR + 0.800%) due 10/15/26 § ~		297,096		293,271
Navient Student Loan Trust
1.335% (USD LIBOR + 1.150%) due 07/26/66 § ~		150,000		146,252
3.430% due 12/15/59 ~		278,906		280,480
Option One Mortgage Loan Trust 0.298% (USD LIBOR + 0.130%) due 07/25/37 §		920,334		685,122
Palmer Square Loan Funding Ltd (Cayman) 2.005% (USD LIBOR + 1.70%) due 07/20/28 § ~		900,000		899,761
SBA Small Business Investment Cos 3.548% due 09/10/28		248,695		267,825
Securitized Asset-Backed Receivables LLC Trust
0.315% (USD LIBOR + 0.130%) due 05/25/37 §		73,397		58,749
0.448% (USD LIBOR + 0.140%) due 05/25/36 §		171,849		105,963
SMB Private Education Loan Trust 1.685% (USD LIBOR + 1.500%) due 04/15/32 § ~		550,000		550,931
Sofi Professional Loan Program Trust 2.640% due 08/25/47 ~		60,268		60,423


	Principal Amount		Value
Soundview Home Loan Trust 0.488% (USD LIBOR + 0.160%) due 11/25/36 §		$711,286		$703,191
Structured Asset Investment Loan Trust 0.903% (USD LIBOR + 0.735%) due 08/25/35 §		78,442		78,583
Structured Asset Securities Corp Mortgage Loan Trust 0.635% (USD LIBOR + 0.450%) due 05/25/37 § ~		1,000,000		940,321
STWD Ltd (Cayman) 1.265% (USD LIBOR + 1.080%) due 07/15/38 § ~		900,000		879,413
TRTX Issuer Ltd (Cayman) 1.344% (USD LIBOR + 1.150%) due 10/15/34 § ~		900,000		878,670
United States Small Business Administration
2.690% due 07/01/44		59,081		63,503
2.980% due 04/01/39		57,215		60,979
Venture XII CLO Ltd (Cayman) 1.171% (USD LIBOR + 0.800%) due 02/28/26 § ~		426,609		420,930
Venture XVI CLO Ltd (Cayman) 2.069% (USD LIBOR + 0.850%) due 01/15/28 § ~		672,668		659,124
Westlake Automobile Receivables Trust 2.980% due 01/18/22 ~		35,460		35,497
Zais CLO 1 Ltd (Cayman) 2.369% (USD LIBOR + 1.150%) due 04/15/28 § ~		493,972		489,223


Total Asset-Backed Securities (Cost $23,299,002)				24,599,030


U.S. TREASURY OBLIGATIONS - 20.8%

U.S. Treasury Bonds - 7.3%

1.250% due 05/15/50		1,000,000		960,313
2.000% due 02/15/50		510,000		583,930
2.875% due 05/15/43		4,700,000		6,142,221
2.875% due 08/15/45		1,300,000		1,713,512
3.000% due 05/15/42		1,800,000		2,397,445
3.000% due 08/15/48		300,000		412,465
3.125% due 02/15/43		1,300,000		1,763,074
3.125% due 08/15/44		1,800,000		2,454,961
3.375% due 05/15/44		900,000		1,273,166
3.625% due 08/15/43		9,140,000		13,353,504
3.625% due 02/15/44		69,000		101,024
4.250% due 05/15/39		200,000		309,082
4.375% due 05/15/40		1,000,000		1,580,703
4.625% due 02/15/40		400,000		648,852

				33,694,252

U.S. Treasury Inflation Protected Securities - 1.3%

0.125% due 07/15/26 ^		855,696		909,923
0.250% due 02/15/50 ^		757,910		852,116
0.750% due 02/15/42 ^		828,302		993,329
1.000% due 02/15/46 ^		248,874		322,319
1.000% due 02/15/48 ^		415,884		550,908
1.000% due 02/15/49 ^		1,273,613		1,703,150
1.375% due 02/15/44 ^ ‡		363,033		496,164

				5,827,909


	Principal Amount		Value
U.S. Treasury Notes - 12.2%

0.250% due 06/30/25		$1,520,000		$1,517,180
0.500% due 06/30/27		1,720,000		1,721,277
0.625% due 05/15/30		630,000		628,179
1.750% due 06/30/24		1,900,000		2,015,818
1.750% due 12/31/24		69,000		73,628
1.875% due 07/31/22 ‡		1,700,000		1,760,695
1.875% due 08/31/22		4,000,000		4,148,203
2.000% due 10/31/22		1,000,000		1,042,715
2.125% due 09/30/24		2,100,000		2,267,385
2.250% due 01/31/24		2,000,000		2,146,602
2.250% due 02/15/27		600,000		670,371
2.250% due 08/15/27 ‡		300,000		337,025
2.625% due 02/15/29		2,000,000		2,343,867
2.750% due 05/31/23		2,000,000		2,149,687
2.750% due 02/15/24		400,000		436,836
2.875% due 10/31/23 ‡		30,000,000		32,677,734

				55,937,202


Total U.S. Treasury Obligations (Cost $93,057,371)				95,459,363


FOREIGN GOVERNMENT BONDS & NOTES - 4.1%

Abu Dhabi Government International Bond (United Arab Emirates) 3.125% due 09/30/49 ~		230,000		240,063
Argentina Treasury Bond (Argentina) 1.000% due 08/05/21 ^		ARS 8,939,062		67,860
Argentine Bonos del Tesoro (Argentina) 18.200% due 10/03/21 W		4,750,000		26,818
Argentine Republic Government International (Argentina)
3.750% due 12/31/38 y		$250,000		99,199
5.625% due 01/26/22 y		430,000		179,746
Brazil Notas do Tesouro Nacional ‘F’ (Brazil)
10.000% due 01/01/21		BRL 3,538,000		675,967
10.000% due 01/01/23		940,000		196,559
Brazilian Government International (Brazil)
4.625% due 01/13/28		$270,000		283,415
5.625% due 01/07/41		120,000		125,100
5.625% due 02/21/47		200,000		207,859
China Government (China)
3.310% due 11/30/25 ~		CNH 3,000,000		441,404
3.380% due 11/21/24 ~		500,000		73,360
3.390% due 05/21/25 ~		1,000,000		147,211
Colombia Government (Colombia) 5.625% due 02/26/44		$200,000		239,359
Egypt Government International Bond (Egypt) 5.577% due 02/21/23 ~		200,000		205,000
Indonesia Government (Indonesia)
3.500% due 01/11/28		200,000		213,210
4.875% due 05/05/21 ~		300,000		309,750
Indonesia Treasury (Indonesia)
7.000% due 05/15/27		IDR 7,665,000,000		538,187
7.500% due 06/15/35		1,622,000,000		112,444
Israel Government International Bond (Israel) 4.125% due 01/17/48		$600,000		745,675
Japan Bank for International Cooperation (Japan) 2.375% due 07/21/22		700,000		727,535
Japanese Government CPI Linked (Japan) 0.100% due 03/10/26 ^		JPY 290,265,486		2,675,631
Kuwait International Government (Kuwait) 3.500% due 03/20/27 ~		$270,000		301,911


	Principal Amount		Value
Mexican Bonos (Mexico)
7.750% due 11/13/42		MXN 34,520,000		$1,641,902
8.000% due 11/07/47		13,110,000		639,658
8.500% due 05/31/29		2,780,000		143,287
Peru Government Bond (Peru) 6.150% due 08/12/32 ~		PEN 3,000,000		969,603
Peruvian Government International (Peru)
5.625% due 11/18/50		$30,000		47,454
5.940% due 02/12/29 ~		PEN 1,300,000		424,133
6.550% due 03/14/37		$50,000		76,278
Province of Ontario (Canada) 3.150% due 06/02/22		CAD 900,000		697,745
Province of Quebec (Canada) 3.500% due 07/29/20		$600,000		601,353
Qatar Government International Bond (Qatar)
4.500% due 04/23/28 ~		1,000,000		1,181,120
4.817% due 03/14/49 ~		300,000		395,584
Republic of Poland Government International (Poland) 4.000% due 01/22/24		170,000		189,050
Russian Federal (Russia)
6.900% due 05/23/29		RUB 13,110,000		199,470
7.000% due 08/16/23		26,040,000		389,995
7.050% due 01/19/28		35,792,000		549,273
7.250% due 05/10/34		5,970,000		93,177
7.650% due 04/10/30		26,100,000		415,858
7.700% due 03/16/39		15,630,000		257,216
Tokyo Metropolitan Government (Japan) 2.500% due 06/08/22 ~		$1,000,000		1,035,614


Total Foreign Government Bonds & Notes (Cost $20,051,167)				18,781,033


MUNICIPAL BONDS - 0.5%

City of Chicago IL ‘B’ 5.630% due 01/01/22		185,000		186,952
New York State Urban Development Corp 1.346% due 03/15/26		700,000		703,752
The University of Arizona ‘A’ 6.423% due 08/01/35		1,300,000		1,305,707


Total Municipal Bonds (Cost $2,184,248)				2,196,411


	Shares
SHORT-TERM INVESTMENTS - 18.4%

Money Market Fund - 3.1%

BlackRock Liquidity Funds T-Fund Portfolio ‘Institutional’ 0.110%		14,079,711		14,079,711


	Principal Amount		Value
Repurchase Agreements - 10.9%

BNP Paribas 0.130% due 07/01/20 (Dated 06/30/20, Repurchase price of $25,600,092: collateralized by US Treasury Inflation Protected Securities: 0.250% due 01/15/25 and value $29,219,675)		$25,600,000		$25,600,000
Citigroup 0.120% due 07/02/20 (Dated 06/30/20,
Repurchase price of $24,400,163:
collateralized by US Treasury Notes: 2.000% due 08/15/25 and value $26,676,345)		24,400,000		24,400,000

				50,000,000

U.S. Treasury Bills - 4.4%

0.141% due 08/25/20		20,100,000		20,096,162


Total Short-Term Investments (Cost $84,175,379)				84,175,873


TOTAL INVESTMENTS - 126.4% (Cost $571,916,702)				579,444,511

TOTAL SECURITIES SOLD SHORT - (0.6%) (Proceeds $2,949,328)				(2,950,805	)


DERIVATIVES - (0.9%)				(3,978,065	)


OTHER ASSETS & LIABILITIES, NET - (24.9%)				(114,222,382	)


NET ASSETS - 100.0%				$458,293,259

Notes to Schedule of Investments

(a)

Investments with a total aggregate value of $26,818 or less than 0.1% of the Fund’s net assets were valued by the Trustee Valuation Committee or determined by a valuation committee established under the Valuation Policy and then subsequently submitted for approval or ratification to either the Trustee Valuation Committee or to the Board of Trustees.

(b)	As of June 30, 2020, investments with a total aggregate value of $1,598,272 were fully or partially segregated with the broker(s)/custodian as collateral for open futures contracts, forward foreign currency contracts, option contracts and swap agreements.

(c)	Pursuant to the terms of the following senior loan agreement, the Fund had an unfunded loan commitment which could be extended at the option of the borrower.


Borrower	Unfunded Loan Commitment		Value		Unrealized Appreciation (Depreciation)
Eyecare Partners LLC		$9,211		$8,592		($619	)

(d)	The average amount of borrowings by the Fund on sale-buyback financing transactions during the three-month period ended June 30, 2020 was $10,611,712 at a weighted average interest rate of 0.122%.

(e)	Investments with total aggregate value of $627,431 or 0.1% of the Fund’s net assets were in default as of June 30, 2020.

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of June 30, 2020:


	Principal Amount		Value
CORPORATE BONDS & NOTES - 49.2%

Basic Materials - 0.9%

Anglo American Capital PLC (South Africa) 3.750% due 04/10/22 ~		$250,000		$257,292
CNAC HK Finbridge Co Ltd (China) 3.000% due 07/19/20 ~		200,000		200,086
International Flavors & Fragrances Inc 3.400% due 09/25/20		65,000		65,328
LyondellBasell Industries NV 6.000% due 11/15/21		400,000		422,458
Nucor Corp 2.000% due 06/01/25		65,000		67,563
POSCO (South Korea) 2.375% due 11/12/22 ~		450,000		459,117

				1,471,844

Communications—2.6%

AT&T Inc 3.800% due 03/15/22		180,000		189,620
Axiata SPV2 Bhd (Malaysia) 3.466% due 11/19/20 ~		220,000		221,135
Charter Communications Operating LLC
4.464% due 07/23/22		790,000		842,589
4.908% due 07/23/25		460,000		527,840
Comcast Corp 3.700% due 04/15/24		250,000		277,577
Cox Communications Inc
2.950% due 06/30/23 ~		110,000		115,945
3.150% due 08/15/24 ~		105,000		113,103
3.250% due 12/15/22 ~		112,000		118,104
Crown Castle Towers LLC 3.720% due 07/15/43 ~		55,000		57,619
CSC Holdings LLC 10.875% due 10/15/25 ~		200,000		215,469
Expedia Group Inc 5.950% due 08/15/20		65,000		65,192
Fox Corp
3.666% due 01/25/22		90,000		94,251
4.030% due 01/25/24		105,000		116,464
JD.com Inc (China) 3.125% due 04/29/21		560,000		567,122
Sky Ltd (United Kingdom) 3.750% due 09/16/24 ~		200,000		222,966
The Interpublic Group of Cos Inc 3.500% due 10/01/20		45,000		45,300
Verizon Communications Inc 5.150% due 09/15/23		180,000		205,004
Vodafone Group PLC (United Kingdom) 3.750% due 01/16/24		150,000		163,927
WPP Finance 2010 (United Kingdom) 3.625% due 09/07/22		69,000		71,787

				4,231,014

Consumer, Cyclical - 6.4%

American Airlines Pass-Through Trust ‘B’ 3.700% due 04/15/27		151,580		105,479
Daimler Finance North America LLC (Germany)
1.750% due 03/10/23 ~		410,000		413,129
2.300% due 02/12/21 ~		805,000		810,649


	Principal Amount		Value
Delta Air Lines Inc 2.600% due 12/04/20		$65,000		$64,284
DR Horton Inc 2.550% due 12/01/20		125,000		125,903
Ford Motor Credit Co LLC 1.227% (USD LIBOR + 0.930%) due 09/24/20 §		450,000		446,411
3.470% due 04/05/21		200,000		196,500
3.813% due 10/12/21		200,000		198,010
General Motors Co
4.875% due 10/02/23		165,000		176,365
5.400% due 10/02/23		210,000		227,658
General Motors Financial Co Inc 2.170% (USD LIBOR + 0.850%) due 04/09/21 §		200,000		198,823
2.900% due 02/26/25		435,000		433,734
3.200% due 07/13/20		435,000		435,207
4.200% due 11/06/21		65,000		66,674
Harley-Davidson Financial Services Inc 1.284% (USD LIBOR + 0.940%) due 03/02/21 § ~		270,000		268,461
2.550% due 06/09/22 ~		85,000		85,345
4.050% due 02/04/22 ~		340,000		350,616
Hasbro Inc
2.600% due 11/19/22		205,000		212,269
3.000% due 11/19/24		280,000		293,557
Hyundai Capital America
2.375% due 02/10/23 ~		445,000		450,061
2.850% due 11/01/22 ~		121,000		123,566
3.000% due 06/20/22 ~		235,000		239,565
3.950% due 02/01/22 ~		405,000		416,780
Lennar Corp 2.950% due 11/29/20		775,000		778,662
McDonald’s Corp 1.450% due 09/01/25		135,000		138,572
Nissan Motor Acceptance Corp
2.600% due 09/28/22 ~		115,000		112,589
3.150% due 03/15/21 ~		375,000		373,952
O’Reilly Automotive Inc 3.800% due 09/01/22		240,000		252,238
Panasonic Corp (Japan) 2.536% due 07/19/22 ~		200,000		205,935
QVC Inc
4.375% due 03/15/23		145,000		145,710
5.125% due 07/02/22		325,000		329,810
Ralph Lauren Corp 1.700% due 06/15/22		40,000		40,709
Ross Stores Inc 4.600% due 04/15/25		460,000		528,893
Starbucks Corp 1.300% due 05/07/22		80,000		81,120
United Airlines Pass-Through Trust ‘B’ 3.500% due 11/01/29		90,000		69,023
Volkswagen Group of America Finance LLC (Germany)
2.500% due 09/24/21 ~		200,000		203,240
2.700% due 09/26/22 ~		200,000		206,765
2.900% due 05/13/22 ~		200,000		206,645
3.875% due 11/13/20 ~		425,000		429,055
Walgreen Co 3.100% due 09/15/22		100,000		104,841

				10,546,805


	Principal Amount		Value
Consumer, Non-Cyclical - 10.2%

AbbVie Inc
2.300% due 05/14/21		$295,000		$298,768
2.600% due 11/21/24 ~		625,000		665,958
2.900% due 11/06/22		375,000		393,603
3.200% due 11/06/22		45,000		47,284
3.250% due 10/01/22 ~		40,000		41,866
3.450% due 03/15/22 ~		130,000		135,109
Altria Group Inc 3.490% due 02/14/22		255,000		266,015
Anthem Inc
2.375% due 01/15/25		75,000		79,534
2.500% due 11/21/20		245,000		246,962
BAT Capital Corp (United Kingdom) 2.764% due 08/15/22		825,000		854,764
Baxalta Inc 3.600% due 06/23/22		95,000		100,072
Bayer US Finance II LLC (Germany) 0.927% (USD LIBOR + 0.630%) due 06/25/21 § ~		210,000		209,773
3.500% due 06/25/21 ~		530,000		543,021
Becton Dickinson and Co 1.181% (USD LIBOR + 0.875%) due 12/29/20 §		56,000		56,005
2.894% due 06/06/22		695,000		719,378
3.125% due 11/08/21		150,000		153,902
3.363% due 06/06/24		180,000		194,185
3.734% due 12/15/24		175,000		192,792
Bristol-Myers Squibb Co
2.600% due 05/16/22 ~		95,000		98,800
2.750% due 02/15/23 ~		155,000		163,549
2.875% due 02/19/21 ~		165,000		167,885
2.900% due 07/26/24 ~		205,000		222,018
3.250% due 02/20/23 ~		45,000		47,924
3.625% due 05/15/24 ~		40,000		44,074
Bunge Ltd Finance Corp
3.000% due 09/25/22		630,000		657,118
3.500% due 11/24/20		855,000		863,160
4.350% due 03/15/24		30,000		32,783
Cardinal Health Inc
2.616% due 06/15/22		125,000		129,061
3.079% due 06/15/24		150,000		159,861
3.200% due 03/15/23		210,000		222,290
3.500% due 11/15/24		270,000		293,913
Cargill Inc 1.375% due 07/23/23 ~		110,000		111,944
China Mengniu Dairy Co Ltd (China) 1.875% due 06/17/25		400,000		398,818
Cigna Corp 0.949% (USD LIBOR + 0.650%) due 09/17/21 §		110,000		110,005
3.000% due 07/15/23 ~		175,000		186,191
3.400% due 09/17/21		185,000		191,301
3.750% due 07/15/23		177,000		192,272
3.900% due 02/15/22 ~		125,000		131,466
CVS Health Corp
2.625% due 08/15/24		75,000		80,128
3.700% due 03/09/23		500,000		537,448
Diageo Capital PLC (United Kingdom) 1.375% due 09/29/25		325,000		330,889
EMD Finance LLC (Germany) 2.950% due 03/19/22 ~		95,000		98,066


	Principal Amount		Value
Equifax Inc 1.262% (USD LIBOR + 0.870%) due 08/15/21 §		$105,000		$104,870
2.300% due 06/01/21		255,000		258,792
2.600% due 12/01/24		195,000		206,484
3.600% due 08/15/21		255,000		263,262
3.950% due 06/15/23		45,000		48,681
Express Scripts Holding Co 1.113% (USD LIBOR + 0.750%) due 11/30/20 §		440,000		440,036
Global Payments Inc 2.650% due 02/15/25		170,000		180,659
Humana Inc
2.900% due 12/15/22		40,000		41,839
3.150% due 12/01/22		105,000		110,123
3.850% due 10/01/24		120,000		131,910
4.500% due 04/01/25		225,000		257,448
Imperial Brands Finance PLC (United Kingdom)
2.950% due 07/21/20 ~		525,000		525,515
3.750% due 07/21/22 ~		400,000		417,788
Keurig Dr Pepper Inc 3.551% due 05/25/21		255,000		262,144
PayPal Holdings Inc 1.350% due 06/01/23		295,000		301,351
PepsiCo Inc 0.750% due 05/01/23		395,000		399,077
Pernod Ricard SA (France)
4.450% due 01/15/22 ~		260,000		274,610
5.750% due 04/07/21 ~		119,000		123,622
Perrigo Finance Unlimited Co
3.500% due 12/15/21		375,000		374,155
3.900% due 12/15/24		455,000		484,425
Philip Morris International Inc 1.125% due 05/01/23		180,000		183,160
Reynolds American Inc (United Kingdom) 4.000% due 06/12/22		35,000		36,996
Takeda Pharmaceutical Co Ltd (Japan) 4.000% due 11/26/21		400,000		417,698
Tyson Foods Inc 2.250% due 08/23/21		160,000		162,150

				16,676,750

Energy - 5.0%

Aker BP ASA (Norway) 3.000% due 01/15/25 ~		230,000		224,471
Canadian Natural Resources Ltd (Canada) 2.050% due 07/15/25		260,000		260,825
Cenovus Energy Inc (Canada) 3.000% due 08/15/22		265,000		253,935
Cheniere Corpus Christi Holdings LLC
5.875% due 03/31/25		270,000		303,301
7.000% due 06/30/24		170,000		193,610
Chevron Corp 1.141% due 05/11/23		170,000		173,001
Diamondback Energy Inc
2.875% due 12/01/24		620,000		621,653
4.750% due 05/31/25		140,000		149,886
Energy Transfer Operating LP
2.900% due 05/15/25		60,000		61,507
4.250% due 03/15/23		250,000		264,206
5.875% due 01/15/24		560,000		626,786
Eni SPA (Italy) 4.000% due 09/12/23 ~		270,000		292,422
Enterprise Products Operating LLC 3.500% due 02/01/22		95,000		99,082


	Principal Amount		Value
EOG Resources Inc 2.625% due 03/15/23		$66,000		$69,197
EQT Corp
3.000% due 10/01/22		525,000		489,891
4.875% due 11/15/21		66,000		64,866
Kinder Morgan Inc 5.000% due 02/15/21 ~		115,000		117,487
Marathon Oil Corp 2.800% due 11/01/22		510,000		510,740
MPLX LP 1.213% (USD LIBOR + 0.900%) due 09/09/21 §		60,000		59,538
1.413% (USD LIBOR + 1.100%) due 09/09/22 §		180,000		177,086
Occidental Petroleum Corp 2.600% due 08/13/21		175,000		171,496
Phillips 66 0.960% (USD LIBOR + 0.600%) due 02/26/21 §		165,000		164,769
Plains All American Pipeline LP 5.000% due 02/01/21		120,000		121,108
Reliance Holding USA Inc (India) 5.400% due 02/14/22 ~		250,000		263,652
Sabine Pass Liquefaction LLC
5.625% due 04/15/23		200,000		218,890
6.250% due 03/15/22		565,000		602,374
Schlumberger Holdings Corp 3.750% due 05/01/24 ~		210,000		226,339
Suncor Energy Inc (Canada) 2.800% due 05/15/23		95,000		99,289
The Williams Cos Inc
3.350% due 08/15/22		120,000		124,823
3.700% due 01/15/23		515,000		544,707
Valero Energy Corp 2.700% due 04/15/23		195,000		202,454
Western Midstream Operating LP 4.000% due 07/01/22		425,000		425,765

				8,179,156

Financial - 14.9%

AerCap Ireland Capital DAC (Ireland)
3.950% due 02/01/22		400,000		400,316
4.450% due 12/16/21		220,000		222,231
due 09/15/23 #		195,000		195,167
4.625% due 10/30/20		430,000		431,884
AIG Global Funding
due 07/07/23 # ~		140,000		140,113
2.300% due 07/01/22 ~		165,000		170,041
3.350% due 06/25/21 ~		138,000		141,914
Air Lease Corp
2.250% due 01/15/23		175,000		172,518
2.500% due 03/01/21		70,000		70,021
3.500% due 01/15/22		90,000		90,959
American International Group Inc
2.500% due 06/30/25		280,000		296,608
4.875% due 06/01/22		165,000		177,999
6.400% due 12/15/20		365,000		374,771
Aon Corp 2.200% due 11/15/22		95,000		98,710
Avolon Holdings Funding Ltd (Ireland)
2.875% due 02/15/25 ~		225,000		189,206
3.625% due 05/01/22 ~		335,000		315,933
3.950% due 07/01/24 ~		65,000		56,919


	Principal Amount		Value
Bank of America Corp 0.947% (USD LIBOR + 0.650%) due 06/25/22 §		$405,000		$405,318
2.295% (USD LIBOR + 1.160%) due 01/20/23 §		295,000		297,765
2.503% due 10/21/22		345,000		353,296
Banque Federative du Credit Mutuel SA (France) 2.125% due 11/21/22 ~		335,000		345,701
Barclays Bank PLC (United Kingdom) 1.700% due 05/12/22		330,000		336,015
BDO Unibank Inc (Philippines) 2.950% due 03/06/23 ~		400,000		409,957
BPCE SA (France) 1.578% (USD LIBOR + 1.220%) due 05/22/22 § ~		250,000		251,485
Brixmor Operating Partnership LP REIT
3.250% due 09/15/23		280,000		286,418
3.875% due 08/15/22		35,000		36,332
Capital One Financial Corp
3.200% due 01/30/23		180,000		189,707
3.500% due 06/15/23		130,000		139,343
3.900% due 01/29/24		170,000		184,994
Citibank NA 2.844% due 05/20/22		305,000		311,100
Citigroup Inc
2.312% due 11/04/22		310,000		316,688
2.900% due 12/08/21		285,000		293,767
Citizens Bank NA
2.550% due 05/13/21		250,000		254,109
3.250% due 02/14/22		305,000		316,011
Cooperatieve Rabobank UA (Netherlands) 3.950% due 11/09/22		375,000		397,089
Credicorp Ltd (Peru) 2.750% due 06/17/25 ~		200,000		199,430
Credit Suisse AG (Switzerland)
1.000% due 05/05/23		360,000		362,130
2.100% due 11/12/21		340,000		347,190
Crown Castle International Corp REIT
2.250% due 09/01/21		255,000		257,190
3.400% due 02/15/21		285,000		289,483
Danske Bank AS (Denmark)
1.226% due 06/22/24 ~		365,000		366,610
3.001% due 09/20/22 ~		455,000		462,306
5.000% due 01/12/22 ~		245,000		257,765
Deutsche Bank AG (Germany) 1.846% (USD LIBOR + 1.290%) due 02/04/21 §		250,000		248,719
2.950% due 08/20/20		200,000		200,171
3.150% due 01/22/21		175,000		175,864
3.375% due 05/12/21		160,000		161,458
Equitable Financial Life Global Funding due 07/07/25 # ~		255,000		256,444
Fifth Third Bancorp 1.625% due 05/05/23		115,000		118,036
First Niagara Financial Group Inc 7.250% due 12/15/21		120,000		130,551
Highwoods Realty LP REIT 3.625% due 01/15/23		175,000		181,681
HSBC Holdings PLC (United Kingdom) 2.099% due 06/04/26		515,000		520,718
ING Groep NV (Netherlands) 1.456% (USD LIBOR + 1.150%) due 03/29/22 §		205,000		206,533
Lloyds Banking Group PLC (United Kingdom) 1.326% due 06/15/23		200,000		201,249


	Principal Amount		Value
Marsh & McLennan Cos Inc
3.500% due 12/29/20		$240,000		$243,629
3.875% due 03/15/24		190,000		210,455
Metropolitan Life Global Funding I 0.900% due 06/08/23 ~		250,000		251,605
Mitsubishi UFJ Financial Group Inc (Japan) 1.851% (USD LIBOR + 0.860%) due 07/26/23 §		175,000		174,517
Morgan Stanley
2.750% due 05/19/22		245,000		254,793
5.500% due 07/24/20		125,000		125,384
NatWest Markets PLC (United Kingdom) 2.375% due 05/21/23 ~		485,000		496,863
New York Life Global Funding 1.100% due 05/05/23 ~		135,000		137,886
Nordea Bank Abp (Finland) 4.875% due 05/13/21 ~		200,000		206,773
Park Aerospace Holdings Ltd (Ireland)
3.625% due 03/15/21 ~		230,000		227,043
5.250% due 08/15/22 ~		190,000		178,442
Reinsurance Group of America Inc 5.000% due 06/01/21		35,000		36,440
Santander UK Group Holdings PLC (United Kingdom) 2.875% due 10/16/20		405,000		407,863
Santander UK PLC (United Kingdom)
2.100% due 01/13/23		435,000		449,249
2.125% due 11/03/20		385,000		387,149
SBA Tower Trust REIT
2.836% due 01/15/50 ~		405,000		418,928
3.168% due 04/09/47 ~		370,000		374,066
3.448% due 03/15/48 ~		320,000		333,522
Simon Property Group LP REIT
2.625% due 06/15/22		260,000		267,369
3.375% due 10/01/24		265,000		285,239
Standard Chartered PLC (United Kingdom) 2.744% due 09/10/22 ~		200,000		202,344
Swedbank AB (Sweden)
1.300% due 06/02/23 ~		355,000		359,523
2.650% due 03/10/21 ~		205,000		208,130
Synchrony Financial 2.850% due 07/25/22		801,000		815,028
The Goldman Sachs Group Inc 1.540% (USD LIBOR + 0.780%) due 10/31/22 §		100,000		99,991
2.101% (USD LIBOR + 1.110%) due 04/26/22 §		295,000		296,404
3.000% due 04/26/22		85,000		86,658
The Western Union Co
2.850% due 01/10/25		240,000		250,235
3.600% due 03/15/22		155,000		160,916
Trinity Acquisition PLC 3.500% due 09/15/21		115,000		117,863
Truist Bank 2.800% due 05/17/22		230,000		239,530
UBS Group AG (Switzerland) 1.578% (USD LIBOR + 1.220%) due 05/23/23 § ~		255,000		257,009
3.000% due 04/15/21 ~		680,000		693,486
US Bank NA 1.311% (USD LIBOR + 0.320%) due 04/26/21 §		275,000		275,591
Ventas Realty LP REIT 3.100% due 01/15/23		60,000		61,471


	Principal Amount		Value
Wells Fargo & Co
1.654% due 06/02/24		$170,000		$172,827
2.188% due 04/30/26		145,000		150,097
3.500% due 03/08/22		170,000		178,109
Wells Fargo Bank NA 2.082% due 09/09/22		250,000		254,093
Willis Towers Watson PLC 5.750% due 03/15/21		470,000		485,080

				24,445,533

Industrial - 4.1%

Amphenol Corp 2.050% due 03/01/25		210,000		219,429
Avnet Inc 3.750% due 12/01/21		197,000		202,240
Boral Finance Pty Ltd (Australia) 3.000% due 11/01/22 ~		35,000		35,304
Carrier Global Corp 2.242% due 02/15/25 ~		425,000		436,213
CNH Industrial Capital LLC
3.875% due 10/15/21		475,000		487,132
4.375% due 11/06/20		480,000		484,493
DAE Funding LLC (United Arab Emirates)
4.000% due 08/01/20 ~		210,000		209,183
5.250% due 11/15/21 ~		220,000		216,700
Eagle Materials Inc 4.500% due 08/01/26		50,000		51,984
Eastern Creation II Investment Holdings Ltd (China) 2.750% due 09/26/20 ~		400,000		400,880
General Electric Co
3.150% due 09/07/22		130,000		136,083
3.450% due 05/15/24		135,000		143,941
Honeywell International Inc 1.350% due 06/01/25		180,000		184,970
Jabil Inc 5.625% due 12/15/20		115,000		117,264
Northrop Grumman Corp 2.550% due 10/15/22		165,000		172,245
Otis Worldwide Corp 2.056% due 04/05/25 ~		250,000		262,287
Penske Truck Leasing Co Lp
3.300% due 04/01/21 ~		325,000		329,513
3.650% due 07/29/21 ~		115,000		117,756
Republic Services Inc 2.500% due 08/15/24		185,000		196,901
Roper Technologies Inc
2.350% due 09/15/24		80,000		84,366
2.800% due 12/15/21		195,000		200,641
3.000% due 12/15/20		315,000		317,878
3.125% due 11/15/22		410,000		429,732
3.650% due 09/15/23		95,000		103,338
SMBC Aviation Capital Finance DAC (Ireland)
3.550% due 04/15/24 ~		200,000		204,902
4.125% due 07/15/23 ~		265,000		275,338
Vulcan Materials Co 1.000% (USD LIBOR + 0.650%) due 03/01/21 §		390,000		387,937
Yongda Investment Ltd (China) 2.250% due 06/16/25		400,000		402,379

				6,811,029

Technology - 1.9%

Apple Inc
0.750% due 05/11/23		280,000		283,150
2.400% due 05/03/23		165,000		174,466


	Principal Amount		Value
Fiserv Inc 2.750% due 07/01/24		$380,000		$405,426
Microchip Technology Inc
2.670% due 09/01/23 ~		205,000		211,117
3.922% due 06/01/21		515,000		525,154
Micron Technology Inc
2.497% due 04/24/23		550,000		571,623
4.640% due 02/06/24		70,000		77,429
NXP BV (Netherlands)
2.700% due 05/01/25 ~		40,000		42,084
3.875% due 09/01/22 ~		200,000		211,520
4.125% due 06/01/21 ~		200,000		206,013
4.625% due 06/01/23 ~		200,000		219,546
Texas Instruments Inc 1.375% due 03/12/25		125,000		128,408

				3,055,936

Utilities - 3.2%

American Electric Power Co Inc 3.650% due 12/01/21		50,000		52,170
CenterPoint Energy Inc 3.600% due 11/01/21		75,000		77,911
Dominion Energy Inc 2.579% due 07/01/20		260,000		260,000
Edison International 3.125% due 11/15/22		155,000		159,758
Enel Finance International NV (Italy)
2.875% due 05/25/22 ~		520,000		538,129
4.250% due 09/14/23 ~		205,000		223,234
Exelon Generation Co LLC 4.000% due 10/01/20		219,000		219,000
FirstEnergy Corp 2.850% due 07/15/22		240,000		249,084
Israel Electric Corp Ltd (Israel) 5.000% due 11/12/24 ~		300,000		337,129
NextEra Energy Capital Holdings Inc 0.921% (USD LIBOR + 0.550%) due 08/28/21 §		210,000		210,077
NRG Energy Inc 3.750% due 06/15/24 ~		130,000		137,491
Pacific Gas and Electric Co 1.750% due 06/16/22		530,000		532,152
San Diego Gas & Electric Co 1.914% due 02/01/22		55,715		55,979
Sempra Energy 1.719% (USD LIBOR + 0.500%) due 01/15/21 §		320,000		320,058
2.850% due 11/15/20		410,000		412,552
2.875% due 10/01/22		25,000		25,915
Sinosing Services Pte Ltd (China) 2.250% due 02/20/25		500,000		511,917
The AES Corp 3.300% due 07/15/25 ~		155,000		159,911
Vistra Operations Co LLC 3.550% due 07/15/24 ~		705,000		728,075

				5,210,542


Total Corporate Bonds & Notes (Cost $79,235,654)				80,628,609


	Principal Amount		Value
MORTGAGE-BACKED SECURITIES - 16.7%

Collateralized Mortgage Obligations - Commercial - 3.5%

Austin Fairmont Hotel Trust 1.235% (USD LIBOR + 1.050%) due 09/15/32 § ~		$115,000		$110,484
BAMLL Commercial Mortgage Securities Trust 1.035% (USD LIBOR + 0.850%) due 09/15/34 § ~		600,000		573,361
3.490% due 04/14/33 ~		130,000		138,799
Banc of America Commercial Mortgage Trust 1.957% due 02/15/50		40,316		40,473
Bank 2019-BNK19 2.263% due 08/15/61		100,602		102,609
Bank 2019-BNK24 2.056% due 11/15/62		119,086		121,308
BX Commercial Mortgage Trust 1.305% (USD LIBOR + 1.120%) due 12/15/36 § ~		190,000		185,850
1.435% (USD LIBOR + 1.250%) due 12/15/36 § ~		180,000		174,317
BX Trust 0.985% (USD LIBOR + 0.800%) due 05/15/35 § ~		360,000		342,669
CGDB Commercial Mortgage Trust 1.835% (USD LIBOR + 1.650%) due 11/15/36 § ~		350,000		334,771
Commercial Mortgage Trust
1.443% due 08/10/49		24,524		24,543
1.770% due 02/10/49		1,062		1,062
1.965% due 02/10/50		35,172		35,323
3.221% due 10/10/48		200,000		200,665
3.754% due 02/10/37 § ~		120,000		108,004
4.353% due 08/10/30 ~		120,000		128,927
4.701% due 03/10/47		130,000		135,586
4.888% due 08/10/47 § ~		100,000		63,822
Credit Suisse Mortgage Capital Certificates Trust 1.785% (USD LIBOR + 1.600%) due 05/15/36 § ~		210,000		204,152
CSAIL Commercial Mortgage Trust
2.025% due 09/15/50		98,722		99,420
2.360% due 06/15/52		133,404		136,544
Fontainebleau Miami Beach Trust 3.750% due 12/10/36 ~		330,000		313,015
Great Wolf Trust 1.818% (USD LIBOR + 1.633%) due 12/15/36 § ~		145,000		134,836
GS Mortgage Securities Trust 1.429% due 10/10/49		10,676		10,679
InTown Hotel Portfolio Trust 0.885% (USD LIBOR + 0.700%) due 01/15/33 § ~		100,000		93,827
1.435% (USD LIBOR + 1.250%) due 01/15/33 § ~		100,000		93,081
JP Morgan Chase Commercial Mortgage Securities Trust 1.535% (USD LIBOR + 1.350%) due 09/15/29 § ~		380,000		362,522
1.785% (USD LIBOR + 1.600%) due 09/15/29 § ~		120,000		112,781
JPMDB Commercial Mortgage Securities Trust 1.423% due 06/15/49		2,932		2,932
Morgan Stanley Bank of America Merrill Lynch Trust
1.597% due 05/15/49		802		802
4.110% due 10/15/47 §		195,000		207,765


	Principal Amount		Value
Morgan Stanley Capital I Trust
1.638% due 05/15/48		$3,746		$3,744
3.283% due 11/10/36 § ~		255,000		225,038
New Orleans Hotel Trust 1.473% (USD LIBOR + 1.289%) due 04/15/32 § ~		385,000		355,784
RETL RVP ‘A’ 1.335% (USD LIBOR + 1.150%) due 03/15/36 § ~		24,763		23,640
SLIDE Fund Trust 2.035% (USD LIBOR + 1.850%) due 06/15/31 § ~		123,893		111,050
Wells Fargo Commercial Mortgage Trust
1.968% due 07/15/50		74,215		74,712
1.975% due 09/15/50		80,995		81,539
WFRBS Commercial Mortgage Trust 4.697% due 04/15/45		195,000		199,901

				5,670,337

Collateralized Mortgage Obligations - Residential - 9.3%

Angel Oak Mortgage Trust LLC due 04/25/65 § # ~		360,000		359,998
COLT Mortgage Loan Trust
1.506% due 04/27/65 § ~		105,000		105,446
2.764% due 08/25/49 § ~		212,897		216,031
3.337% due 05/25/49 § ~		93,343		94,569
3.470% due 07/27/48 § ~		74,794		75,664
3.542% due 07/27/48 § ~		36,524		36,897
4.006% due 12/28/48 § ~		144,389		147,160
4.108% due 12/28/48 § ~		140,415		143,129
Connecticut Avenue Securities Trust 0.935% (USD LIBOR + 0.750%) due 09/25/39 § ~		22,297		22,274
0.985% (USD LIBOR + 0.800%) due 01/25/40 § ~		189,982		189,672
Deephaven Residential Mortgage Trust
2.339% due 01/25/60 § ~		143,772		145,693
2.577% due 10/25/47 § ~		61,250		62,005
2.711% due 10/25/47 § ~		16,118		16,313
2.813% due 10/25/47 § ~		16,118		16,297
2.964% due 07/25/59 § ~		208,571		212,396
2.976% due 12/25/57 § ~		54,379		55,038
3.479% due 04/25/58 § ~		96,902		98,911
3.485% due 12/26/46 § ~		11,453		11,502
3.763% due 04/25/59 § ~		105,606		106,116
3.921% due 04/25/59 § ~		100,000		97,211
3.963% due 08/25/58 § ~		38,797		39,287
4.080% due 10/25/58 § ~		315,369		318,876
Ellington Financial Mortgage Trust 2.739% due 11/25/59 § ~		339,018		341,099
Fannie Mae Connecticut Avenue Securities 1.035% (USD LIBOR + 0.850%) due 07/25/30 §		334,591		324,137
1.285% (USD LIBOR + 1.100%) due 11/25/29 §		374,057		364,726
1.385% (USD LIBOR + 1.200%) due 01/25/30 §		183,742		178,310
1.535% (USD LIBOR + 1.350%) due 09/25/29 §		129,638		129,368
Fannie Mae REMICS 4.000% due 06/25/44		19,622		20,111


	Principal Amount		Value
Flagstar Mortgage Trust 1.035% (USD LIBOR + 0.850%) due 03/25/50 § ~		$174,324		$167,994
4.000% due 09/25/48 § ~		279,297		300,204
Freddie Mac Stacr Remic Trust 0.935% (USD LIBOR + 0.750%) due 01/25/50 § ~		72,569		72,565
0.935% (USD LIBOR + 0.750%) due 02/25/50 § ~		117,020		116,382
0.955% (USD LIBOR + 0.770%) due 11/25/49 § ~		11,952		11,904
3.285% (USD LIBOR + 3.100%) due 03/25/50 § ~		210,000		203,725
Freddie Mac STACR Trust 1.585% (USD LIBOR + 1.400%) due 02/25/49 § ~		135,000		129,448
Freddie Mac Structured Agency Credit Risk Debt 0.935% (USD LIBOR + 0.750%) due 03/25/30 §		39,241		39,276
due 06/25/50 § # ~		115,000		115,000
2.385% (USD LIBOR + 2.200%) due 09/25/24 §		236,258		238,596
3.809% due 05/25/48 § ~		8,256		8,242
3.980% due 09/25/47 § ~		390		389
Freddie Mac Whole Loan Securities Trust 3.800% due 05/25/47 § ~		22,448		22,459
FWD Securitization Trust 2.240% due 01/25/50 § ~		369,812		377,353
Galton Funding Mortgage Trust
2.310% due 01/25/60 § ~		149,787		150,706
2.832% due 01/25/60 § ~		145,000		131,284
3.339% due 10/25/59 § ~		140,000		133,698
3.500% due 11/25/57 § ~		102,380		104,481
4.000% due 02/25/59 § ~		140,426		144,524
Government National Mortgage Association 0.490% (USD LIBOR + 0.300%) due 09/20/48 §		31,420		31,338
GS Mortgage-Backed Securities Trust 2.454% due 07/25/44 § ~		12,055		12,145
Homeward Opportunities Fund I Trust
2.675% due 11/25/59 § ~		214,509		217,117
3.454% due 01/25/59 § ~		209,990		214,326
3.606% due 01/25/59 § ~		143,993		146,388
3.766% due 06/25/48 § ~		78,933		80,731
3.897% due 06/25/48 § ~		64,581		66,013
New Residential Mortgage Loan Trust
1.650% due 05/24/60 § ~		100,000		100,291
2.464% due 01/26/60 § ~		169,481		172,919
2.710% due 11/25/59 § ~		268,575		273,533
2.802% due 07/25/49 § ~		212,278		215,661
3.086% due 07/25/49 § ~		87,352		88,693
3.675% due 01/25/49 § ~		300,814		302,653
3.986% due 11/25/48 § ~		139,745		145,235
OBX Trust 1.085% (USD LIBOR + 0.900%) due 06/25/59 § ~		116,939		116,828
1.135% (USD LIBOR + 0.950%) due 02/25/60 § ~		88,160		85,572
1.385% (USD LIBOR + 1.200%) due 06/25/59 § ~		209,453		207,221
3.500% due 12/25/49 § ~		107,890		111,880
3.500% due 02/25/60 § ~		231,920		239,537


	Principal Amount		Value
Sequoia Mortgage Trust
3.500% due 02/25/48 § ~		$127,889		$129,366
4.000% due 06/25/48 § ~		398,437		407,057
4.000% due 08/25/48 § ~		233,904		241,395
4.500% due 08/25/48 § ~		38,984		40,910
SG Residential Mortgage Trust
2.703% due 09/25/59 § ~		113,462		114,686
2.877% due 09/25/59 § ~		285,217		288,296
STACR Trust 0.985% (USD LIBOR + 0.800%) due 12/25/30 § ~		39,993		39,916
1.085% (USD LIBOR + 0.900%) due 09/25/48 § ~		110,000		109,021
1.135% (USD LIBOR + 0.950%) due 12/25/30 § ~		70,000		70,720
1.435% (USD LIBOR + 1.250%) due 02/25/47 § ~		164,282		162,128
Starwood Mortgage Residential Trust
2.408% due 02/25/50 § ~		115,611		116,229
2.610% due 09/27/49 § ~		80,020		80,475
2.941% due 06/25/49 § ~		166,351		167,392
3.299% due 06/25/49 § ~		120,278		118,176
3.468% due 02/25/49 § ~		322,405		331,005
4.121% due 10/25/48 § ~		418,400		433,702
Verus Securitization Trust
1.977% due 04/25/60 § ~		100,000		99,912
2.417% due 01/25/60 § ~		377,477		383,163
2.724% due 01/25/60 § ~		156,717		156,059
2.913% due 07/25/59 § ~		311,275		317,808
3.000% due 11/25/59 § ~		369,641		377,504
3.100% due 11/25/59 § ~		156,429		155,855
3.117% due 07/25/59 § ~		190,915		194,903
3.211% due 05/25/59 § ~		160,566		163,935
3.402% due 12/25/59 § ~		88,219		90,593
3.677% due 06/01/58 § ~		102,924		104,451
3.779% due 06/01/58 § ~		45,836		46,233
3.830% due 06/01/58 § ~		45,836		46,181
3.836% due 02/25/59 § ~		396,254		404,448
4.148% due 10/25/58 § ~		332,383		337,105
Vista Point Securitization Trust 1.763% due 03/25/65 § ~		245,000		245,306

				15,198,477

Fannie Mae - 2.4%

3.000% due 08/01/32 - 05/01/35		522,113		555,982
3.500% due 01/01/48		490,000		517,092
due 08/01/50 #		400,000		424,133
4.500% due 04/01/26 - 01/01/50		1,036,343		1,125,036
due 07/01/50 #		170,000		182,684
5.000% due 09/01/25 - 02/01/49		623,854		710,518
6.000% due 11/01/35 - 02/01/49		369,603		431,470

				3,946,915

Freddie Mac - 0.4%

4.000% due 02/01/50		259,814		277,907
4.500% due 03/01/49 - 05/01/50		186,128		200,929
5.000% due 12/01/41		99,822		114,602
7.000% due 03/01/39		34,780		40,720
7.500% due 06/01/38		37,150		43,868

				678,026


	Principal Amount		Value
Government National Mortgage Association - 1.1%

4.000% due 07/20/48		$230,000		$244,955
due 07/20/50 #		200,000		213,531
5.000% due 01/20/48 - 06/20/49		891,529		972,267
5.500% due 09/15/45 - 02/20/49		341,519		387,136

				1,817,889

Total Mortgage-Backed Securities (Cost $27,380,409)				27,311,644

ASSET-BACKED SECURITIES - 14.6%

Allegro CLO III Ltd (Cayman) 1.831% (USD LIBOR + 0.840%) due 07/25/27 § ~		196,186		194,531
Ally Auto Receivables Trust
2.460% due 09/15/22		40,000		40,221
2.930% due 11/15/23		70,000		70,381
American Express Credit Account Master Trust 3.070% due 10/15/24		865,000		902,543
AmeriCredit Automobile Receivables Trust
1.590% due 10/20/25		165,000		163,084
1.800% due 12/18/25		160,000		154,925
2.690% due 06/19/23		110,000		112,318
2.710% due 08/18/22		100,000		101,111
2.710% due 09/08/22		315,000		318,639
2.740% due 12/08/22		535,000		542,719
3.080% due 12/18/23		522,000		534,140
3.820% due 03/18/24		860,000		891,281
Applebee’s Funding LLC 4.194% due 06/07/49 ~		150,000		133,137
ARI Fleet Lease Trust
1.910% due 04/15/26 ~		356		356
2.060% due 11/15/28 ~		190,000		185,997
2.550% due 10/15/26 ~		149,244		149,691
Ascentium Equipment Receivables Trust 2.290% due 06/10/21 ~		21,381		21,454
Avis Budget Rental Car Funding AESOP LLC
2.330% due 08/20/26 ~		125,000		121,305
2.500% due 07/20/21 ~		45,833		45,818
2.650% due 03/20/26 ~		425,000		407,909
2.720% due 11/20/22 ~		535,000		534,731
3.330% due 03/20/24 ~		260,000		254,786
3.700% due 03/20/23 ~		100,000		96,806
4.530% due 03/20/23 ~		130,000		122,313
4.950% due 03/20/25 ~		100,000		95,137
Bayview Mortgage Fund IVc Trust 3.500% due 01/28/58 § ~		136,897		138,861
Bayview Opportunity Master Fund IVb Trust 3.500% due 01/28/55 § ~		82,160		84,052
BlueMountain CLO Ltd (Cayman) 2.065% (USD LIBOR + 0.930%) due 07/18/27 § ~		268,255		263,561
BRE Grand Islander Timeshare Issuer LLC 3.280% due 09/26/33 ~		316,825		315,981
Capital Auto Receivables Asset Trust
2.700% due 09/20/22 ~		65,000		65,426
3.360% due 11/21/22 ~		160,000		163,546
3.480% due 10/20/23 ~		60,000		61,036
3.690% due 12/20/23 ~		80,000		82,021
Carmax Auto Owner Trust 2.340% due 11/17/25		105,000		104,453


	Principal Amount		Value
CBAM Ltd (Cayman) 2.499% (USD LIBOR + 1.280%) due 02/12/30 § ~		$760,000		$747,372
CIFC Funding Ltd (Cayman) due 07/15/32 § # ~ ±		275,000		275,000
CNH Equipment Trust
1.930% due 03/15/24		315,000		316,006
3.010% due 04/15/24		195,000		200,728
Cole Park CLO Ltd (Cayman) 2.185% (USD LIBOR + 1.050%) due 10/20/28 § ~		435,000		430,128
Daimler Trucks Retail Trust 1.370% due 06/15/27		265,000		264,846
Driven Brands Funding LLC 5.216% due 07/20/45 ~		415,425		433,549
Elara HGV Timeshare Issuer LLC
2.530% due 02/25/27 ~		21,004		20,908
2.690% due 03/25/30 ~		47,002		47,056
2.730% due 04/25/28 ~		147,288		145,678
Enterprise Fleet Financing LLC 3.140% due 02/20/24 ~		70,477		71,229
Ford Credit Auto Owner Trust
2.030% due 12/15/27 ~		350,000		354,173
3.520% due 07/15/30 ~		545,000		583,750
GM Financial Automobile Leasing Trust
1.560% due 07/22/24		345,000		347,143
2.560% due 07/22/24		95,000		96,386
3.110% due 12/20/21		105,000		105,590
3.370% due 10/20/22		245,000		246,246
3.500% due 04/20/22		80,000		80,754
3.560% due 12/20/22		275,000		280,586
GM Financial Consumer Automobile Trust 2.450% due 07/17/23 ~		100,000		100,812
GMF Floorplan Owner Revolving Trust
2.630% due 07/15/22 ~		190,000		189,826
2.700% due 04/15/24 ~		170,000		174,152
3.240% due 03/15/23 ~		352,000		354,801
GreatAmerica Leasing Receivables Funding LLC 2.600% due 06/15/21 ~		35,753		35,904
Hardee’s Funding LLC 4.250% due 06/20/48 ~		132,673		135,000
Hilton Grand Vacations Trust
1.770% due 11/25/26 ~		31,448		31,356
2.660% due 12/26/28 ~		36,022		35,597
2.960% due 12/26/28 ~		36,022		33,345
Hyundai Auto Receivables Trust
2.380% due 04/17/23		395,000		400,428
2.940% due 05/15/25		165,000		172,318
Madison Park Funding Ltd (Cayman) 2.299% (USD LIBOR + 1.190%) due 10/21/30 § ~		500,000		492,361
2.519% (USD LIBOR + 1.300%) due 07/15/32 § ~		250,000		243,710
Metlife Securitization Trust 3.000% due 04/25/55 § ~		103,454		108,314
Mill City Mortgage Loan Trust 2.500% due 04/25/57 § ~		28,309		28,712
MMAF Equipment Finance LLC
2.040% due 02/16/22 ~		21,414		21,470
3.200% due 09/12/22 ~		210,000		213,624
MVW Owner Trust
2.150% due 04/22/30 ~		9,088		9,100
2.420% due 12/20/34 ~		317,099		315,872
2.890% due 11/20/36 ~		357,293		364,200


	Principal Amount		Value
Navient Private Education Refi Loan Trust
2.150% due 11/15/68 ~		$605,000		$613,425
2.400% due 10/15/68 ~		189,064		192,927
2.460% due 11/15/68 ~		195,000		199,696
2.820% due 02/15/68 ~		130,745		131,751
Navient Student Loan Trust 2.640% due 05/15/68 ~		360,000		368,389
Neuberger Berman CLO Ltd (Cayman) 2.069% (USD LIBOR + 0.850%) due 01/15/28 § ~		245,210		243,350
OCP CLO Ltd (Cayman) 1.811% (USD LIBOR + 0.820%) due 10/26/27 § ~		272,773		270,091
2.255% (USD LIBOR + 1.120%) due 07/20/29 § ~		415,000		408,256
OZLM VIII Ltd (Cayman) 2.305% (USD LIBOR + 1.170%) due 10/17/29 § ~		248,774		243,178
Planet Fitness Master Issuer LLC 4.262% due 09/05/48 ~		196,500		198,358
Santander Drive Auto Receivables Trust
2.460% due 03/15/22		11,402		11,415
2.580% due 05/16/22		595		596
3.210% due 09/15/23		210,000		212,187
3.270% due 01/17/23		43,035		43,181
4.020% due 04/15/22		58,664		58,742
Santander Retail Auto Lease Trust
2.520% due 11/20/24 ~		165,000		162,330
2.880% due 06/20/24 ~		410,000		408,696
2.960% due 11/21/22 ~		85,000		85,187
3.010% due 05/22/23 ~		180,000		182,875
Sierra Timeshare Conduit Receivables Funding LLC 2.910% due 03/20/34 ~		506,451		503,680
Sierra Timeshare Receivables Funding LLC
2.330% due 07/20/33 ~		13,289		13,292
2.430% due 10/20/33 ~		36,996		36,934
2.580% due 09/20/32 ~		125,926		125,799
3.080% due 03/21/33 ~		100,487		100,397
SLM Student Loan Trust 0.585% (USD LIBOR + 0.400%) due 03/25/25 §		103,700		96,045
2.491% (USD LIBOR + 1.500%) due 04/25/23 §		18,613		18,227
2.691% (USD LIBOR + 1.700%) due 07/25/23 §		28,950		28,503
SMB Private Education Loan Trust 1.185% (USD LIBOR + 1.000%) due 06/15/27 § ~		44,309		44,102
1.335% (USD LIBOR + 1.150%) due 05/15/26 § ~		77,038		77,139
1.685% (USD LIBOR + 1.500%) due 04/15/32 § ~		225,000		225,381
3.050% due 05/15/26 ~		36,253		36,602
3.600% due 01/15/37 ~		131,861		137,215
Synchrony Card Funding LLC 2.340% due 06/15/25		430,000		442,807
Synchrony Credit Card Master Note Trust
2.620% due 09/15/23		85,000		85,086
3.360% due 03/15/24		780,000		785,175


	Principal Amount		Value
Towd Point Mortgage Trust
2.250% due 07/25/56 § ~		$36,243		$36,661
2.750% due 02/25/55 § ~		22,037		22,359
2.750% due 04/25/55 § ~		29,598		29,902
2.750% due 05/25/55 § ~		30,710		30,992
2.750% due 08/25/55 § ~		34,520		35,342
2.750% due 10/25/56 § ~		44,680		45,905
2.750% due 04/25/57 § ~		94,492		96,273
3.000% due 01/25/58 § ~		73,049		76,095
3.750% due 05/25/58 § ~		98,007		106,041
Verizon Owner Trust
2.530% due 04/20/22 ~		120,000		120,793
2.650% due 09/20/21 ~		100,000		100,035
Volvo Financial Equipment LLC 3.060% due 12/15/25 ~		265,000		263,580
World Omni Auto Receivables Trust 1.640% due 08/17/26		120,000		119,653

Total Asset-Backed Securities (Cost $23,710,619)				23,856,945


U.S. TREASURY OBLIGATIONS - 17.9%

U.S. Treasury Notes - 17.9%

0.125% due 04/30/22		13,235,000		13,227,245
0.375% due 03/31/22		1,150,000		1,154,290
1.750% due 06/15/22		14,560,000		15,013,578

				29,395,113


Total U.S. Treasury Obligations (Cost $29,385,572)				29,395,113


	Principal Amount		Value
MUNICIPAL BONDS - 0.1%

State of Connecticut
1.998% due 07/01/24		$55,000		$56,923
2.000% due 07/01/23		20,000		20,589
2.098% due 07/01/25		35,000		36,521


Total Municipal Bonds (Cost $110,117)				114,033


SHORT-TERM INVESTMENTS - 3.4%

Commercial Paper - 0.6%

Boeing Co
2.185% due 11/16/20		345,000		342,433
2.343% due 11/04/20		360,000		357,578
Ford Motor Credit Co LLC 3.223% due 07/27/20		260,000		259,311

				959,322


	Shares
Money Market Fund - 2.8%

BlackRock Liquidity Funds T-Fund Portfolio ‘Institutional’ 0.110%		4,674,905		4,674,905


Total Short-Term Investments (Cost $5,633,572)				5,634,227


TOTAL INVESTMENTS - 101.9% (Cost $165,455,943)				166,940,571

DERIVATIVES - 0.0%				(19,765	)


OTHER ASSETS & LIABILITIES, NET - (1.9%)				(3,054,766	)


NET ASSETS - 100.0%				$163,866,040

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of June 30, 2020:


	Principal Amount		Value
CORPORATE BONDS & NOTES - 24.1%

Argentina - 0.2%

MSU Energy SA 6.875% due 02/01/25 ~		$150,000		$95,625
YPF SA 8.500% due 07/28/25 ~		50,000		37,318

				132,943


Azerbaijan - 0.9%

Southern Gas Corridor CJSC 6.875% due 03/24/26 ~		437,000		503,699
State Oil Co of the Azerbaijan Republic 6.950% due 03/18/30 ~		200,000		236,638

				740,337


Bahrain - 0.5%

BBK BSC 5.500% due 07/09/24 ~		200,000		197,907
The Oil and Gas Holding Co BSCC 8.375% due 11/07/28 ~		200,000		221,279

				419,186

Brazil - 3.3%

Braskem Netherlands Finance BV 5.875% due 01/31/50 ~		200,000		176,550
CSN Islands XI Corp 6.750% due 01/28/28 ~		200,000		172,250
NBM US Holdings Inc 7.000% due 05/14/26 ~		400,000		401,660
Petrobras Global Finance BV
5.093% due 01/15/30 ~		176,000		175,648
6.850% due 06/05/15		325,000		323,278
6.875% due 01/20/40		190,000		200,886
Rede D’or Finance SARL 4.500% due 01/22/30 ~		200,000		176,312
Rumo Luxembourg SARL 5.250% due 01/10/28 ~		220,000		220,000
Vale Overseas Ltd
6.875% due 11/21/36		165,000		216,281
6.875% due 11/10/39		200,000		261,861
Votorantim Cimentos International SA 7.250% due 04/05/41 ~		400,000		459,218

				2,783,944


Chile - 2.0%

Corp Nacional del Cobre de Chile
4.375% due 02/05/49 ~		246,000		281,058
4.500% due 08/01/47 ~		275,000		316,393
4.875% due 11/04/44 ~		200,000		239,500
5.625% due 10/18/43 ~		200,000		260,456
Empresa Nacional del Petroleo 4.500% due 09/14/47 ~		200,000		210,624
VTR Comunicaciones SPA 5.125% due 01/15/28 ~		200,000		205,100
VTR Finance NV 6.875% due 01/15/24 ~		180,000		184,126

				1,697,257


	Principal Amount		Value
China - 1.1%

China Evergrande Group 7.500% due 06/28/23 ~		$200,000		$168,489
China SCE Group Holdings Ltd 5.875% due 03/10/22 ~		200,000		197,245
Scenery Journey Ltd 11.000% due 11/06/20 ~		200,000		202,000
Sinochem Overseas Capital Co Ltd 4.500% due 11/12/20 ~		100,000		101,205
Sunac China Holdings Ltd 7.500% due 02/01/24 ~		225,000		225,258

				894,197

Colombia - 1.6%

Banco de Bogota SA 6.250% due 05/12/26 ~		200,000		212,088
Bancolombia SA 4.625% due 12/18/29		200,000		189,000
Empresas Publicas de Medellin ESP 8.375% due 11/08/27 ~		COP 336,000,000		94,669
Grupo Aval Ltd 4.375% due 02/04/30 ~		$200,000		190,438
Millicom International Cellular SA
5.125% due 01/15/28 ~		200,000		201,752
6.000% due 03/15/25 ~		200,000		205,750
6.625% due 10/15/26 ~		200,000		213,403

				1,307,100


Georgia - 0.2%

Georgian Railway JSC 7.750% due 07/11/22 ~		200,000		202,500


India - 0.5%

Bharti Airtel Ltd 4.375% due 06/10/25 ~		200,000		207,034
Greenko Solar Mauritius Ltd 5.550% due 01/29/25 ~		200,000		197,961

				404,995


Indonesia - 1.4%

P.T. Indonesia Asahan Aluminium Persero
5.450% due 05/15/30 ~		200,000		223,540
5.710% due 11/15/23 ~		200,000		217,492
P.T. Pertamina Persero 6.000% due 05/03/42 ~		200,000		238,966
P.T. Perusahaan Listrik Negara
5.500% due 11/22/21 ~		230,000		240,954
6.150% due 05/21/48 ~		202,000		251,852

				1,172,804


Ireland - 0.7%

C&W Senior Financing DAC
6.875% due 09/15/27 ~		400,000		398,162
7.500% due 10/15/26 ~		200,000		205,081

				603,243


Israel - 0.2%

Teva Pharmaceutical Finance Netherlands III BV 2.800% due 07/21/23		200,000		189,555


	Principal Amount		Value
Jamaica - 0.1%

Digicel International Finance Ltd
8.000% due 12/31/26 ~		$38,670		$23,395
8.750% due 05/25/24 ~		76,867		75,330
6.000% Cash or 7.000% PIK due 12/31/25 ~		9,821		8,323

				107,048


Kazakhstan - 1.4%

Development Bank of Kazakhstan JSC 4.125% due 12/10/22 ~		220,000		229,293
Halyk Savings Bank of Kazakhstan JSC 5.500% due 12/21/22 ~		66,249		66,169
Kazakhstan Temir Zholy Finance BV 6.950% due 07/10/42 ~		500,000		666,350
KazMunayGas National Co JSC 5.375% due 04/24/30 ~		200,000		227,025

				1,188,837


Luxembourg - 0.6%

Altice Financing SA 7.500% due 05/15/26 ~		450,000		472,511


Mexico - 4.4%

Alfa SAB de CV 6.875% due 03/25/44 ~		200,000		234,111
Axtel SAB de CV 6.375% due 11/14/24 ~		200,000		208,225
BBVA Bancomer SA 5.125% due 01/18/33 ~		200,000		186,769
Cemex SAB de CV
5.450% due 11/19/29 ~		225,000		208,044
7.750% due 04/16/26 ~		200,000		204,652
Comision Federal de Electricidad
5.750% due 02/14/42 ~		200,000		213,002
8.180% due 12/23/27 ~		MXN 950,000		39,396
Petroleos Mexicanos
5.350% due 02/12/28		$243,000		204,641
6.350% due 02/12/48		203,000		151,001
6.750% due 09/21/47		702,000		540,982
6.950% due 01/28/60 ~		978,000		753,177
7.190% due 09/12/24 ~		MXN 3,170,000		117,502
7.690% due 01/23/50 ~		$466,000		389,788
Trust Fibra Uno 6.390% due 01/15/50 ~		200,000		211,109

				3,662,399


Morocco - 0.3%

OCP SA 6.875% due 04/25/44 ~		200,000		243,681


Pakistan - 0.2%

The Third Pakistan International Sukuk Co Ltd 5.625% due 12/05/22 ~		200,000		195,500


Peru - 0.4%

Banco de Credito del Peru 4.850% due 10/30/20 ~		PEN 48,000		13,675
Patrimonio EN Fideicomiso 5.750% due 04/03/28 ~		$40,000		39,393


	Principal Amount		Value
Petroleos del Peru SA 5.625% due 06/19/47 ~		$200,000		$235,119

				288,187


Philippines - 0.3%

Power Sector Assets & Liabilities
Management Corp
7.390% due 12/02/24 ~		208,000		256,194


Russia - 0.3%

SCF Capital Designated Activity Co 5.375% due 06/16/23 ~		232,000		248,974


Saudi Arabia - 0.5%

Acwa Power Management And
Investments One Ltd
5.950% due 12/15/39 ~		200,000		217,900
Arabian Centres Sukuk Ltd 5.375% due 11/26/24 ~		200,000		177,100

				395,000


South Africa - 0.7%

Absa Group Ltd 6.250% due 04/25/28 ~		200,000		202,570
Eskom Holdings SOC Ltd 7.125% due 02/11/25 ~		200,000		186,050
Gold Fields Orogen Holdings BVI Ltd 6.125% due 05/15/29 ~		200,000		229,260

				617,880


Ukraine - 1.2%

Metinvest BV 7.750% due 04/23/23 ~		200,000		199,100
MHP Lux SA 6.950% due 04/03/26 ~		200,000		203,852
MHP SE 7.750% due 05/10/24 ~		200,000		210,000
Ukreximbank Via Biz Finance PLC 9.750% due 01/22/25 ~		200,000		203,300
VF Ukraine PAT via VFU Funding PLC 6.200% due 02/11/25 ~		200,000		198,500

				1,014,752


United Kingdom - 0.3%

Standard Chartered Bank
6.625% due 05/17/33 ~		IDR 270,000,000		17,340
8.125% due 05/17/24 ~		369,000,000		27,342
8.250% due 05/19/36 ~		980,000,000		71,464
8.375% due 03/17/34 ~		810,000,000		59,827
9.000% due 03/20/29 ~		311,000,000		24,170
11.000% due 09/17/25 ~		432,000,000		35,867
12.800% due 06/17/21 ~		157,000,000		11,810

				247,820


United States - 0.6%
JBS Investments II GmbH 5.750% due 01/15/28 ~		$200,000		198,050
JPMorgan Chase Bank NA 7.500% due 08/17/32 § ~		IDR 3,906,000,000		278,104

				476,154


	Principal Amount		Value
Venezuela - 0.2%

Petroleos de Venezuela SA
5.375% due 04/12/27 *y~		$113,000		$3,277
8.500% due 10/27/20 y~		1,460,500		146,050
9.000% due 11/17/21 *y~		239,354		6,941
9.750% due 05/17/35 *y~		306,278		9,189
12.750% due 02/17/22 *y~		117,000		3,393

				168,850

Total Corporate Bonds & Notes (Cost $20,062,847)				20,131,848


FOREIGN GOVERNMENT BONDS & NOTES - 69.0%

Angola - 1.7%

Angolan Government
8.000% due 11/26/29 ~		281,000		232,387
8.250% due 05/09/28 ~		200,000		165,559
9.125% due 11/26/49 ~		400,000		326,000
9.375% due 05/08/48 ~		400,000		327,143
9.500% due 11/12/25 ~		432,000		390,786

				1,441,875


Argentina - 2.8%

Argentine Republic Government
3.750% due 12/31/38 §y		726,217		288,159
4.625% due 01/11/23 y		707,000		298,456
5.625% due 01/26/22 y		594,000		248,301
5.875% due 01/11/28 y		463,000		187,311
6.875% due 04/22/21 y		998,000		421,281
6.875% due 01/11/48 y		1,044,000		410,553
7.500% due 04/22/26 y		293,000		120,039
7.625% due 04/22/46 y		377,000		148,649
8.280% due 12/31/33 y		266,380		122,009
8.280% due 12/31/33 y		96,738		43,152
Bonos del Tesoro Nacional en Pesos Badlar 26.415% (ARS Deposit + 2.000%) due 04/03/22 §W		ARS 4,931,267		34,738
Ciudad Autonoma De Buenos Aires 32.895% (ARS Deposit + 3.250%) due 03/29/24 §W		2,641,873		16,270
Provincia de Buenos Aires 37.596% (ARS Deposit + 3.750%) due 04/12/25 §~W		3,804,000		22,178

				2,361,096


Bahrain - 0.3%

Bahrain Government 7.500% due 09/20/47 ~		$202,000		226,154


Belarus - 0.6%

Republic of Belarus
6.875% due 02/28/23 ~		260,000		261,279
7.625% due 06/29/27 ~		200,000		206,855

				468,134


Brazil - 4.9%

Brazil Letras do Tesouro Nacional 4.618% due 07/01/23		BRL 8,529,000		1,369,544


	Principal Amount		Value
Brazil Notas do Tesouro Nacional ‘F’
10.000% due 01/01/27		BRL 5,680,000		$1,238,196
10.000% due 01/01/29		2,021,000		446,191
10.000% due 01/01/31		2,110,000		470,576
Brazilian Government
4.625% due 01/13/28		$200,000		209,937
5.625% due 01/07/41		100,000		104,250
7.125% due 01/20/37		130,000		156,396
8.250% due 01/20/34		90,000		117,085

				4,112,175


Chile - 0.7%

Bonos de la Tesoreria de la Republica
1.500% due 03/01/26 ^		CLP 229,563,680		308,255
1.900% due 09/01/30 ^		14,347,730		21,368
2.000% due 03/01/35 ^		14,347,750		22,518
Bonos de la Tesoreria de la Republica en pesos 4.700% due 09/01/30 ~		130,000,000		192,606

				544,747


Colombia - 3.6%

Colombia Government
3.875% due 04/25/27		$220,000		232,885
4.000% due 02/26/24		200,000		210,063
4.125% due 05/15/51		200,000		201,400
5.625% due 02/26/44		200,000		239,359
6.125% due 01/18/41		283,000		351,628
7.375% due 09/18/37		110,000		150,150
8.125% due 05/21/24		164,000		196,988
Colombian TES
4.750% due 02/23/23 ^		COP 967,831,300		276,473
5.750% due 11/03/27		162,500,000		43,543
6.000% due 04/28/28		128,200,000		34,742
6.250% due 11/26/25		119,600,000		34,523
7.000% due 05/04/22		1,336,100,000		380,226
7.000% due 06/30/32		61,800,000		16,965
7.250% due 10/18/34		495,200,000		137,604
7.500% due 08/26/26		899,200,000		272,705
10.000% due 07/24/24		700,000,000		229,469

				3,008,723


Costa Rica - 0.4%

Costa Rica Government
5.625% due 04/30/43 ~		$200,000		150,300
6.125% due 02/19/31 ~		200,000		173,450

				323,750


Croatia - 0.7%

Croatia Government
6.000% due 01/26/24 ~		310,000		355,531
6.625% due 07/14/20 ~		260,000		260,646

				616,177


Czech Republic - 0.5%

Czech Republic Government
0.950% due 05/15/30 ~		CZK 1,690,000		72,278
1.000% due 06/26/26 ~		130,000		5,611
2.000% due 10/13/33		6,710,000		321,666
4.200% due 12/04/36 ~		240,000		14,823

				414,378


	Principal Amount		Value
Dominican Republic - 2.5%

Dominican Republic
5.500% due 01/27/25 ~		$100,000		$101,515
5.875% due 04/18/24 ~		325,000		334,310
6.000% due 07/19/28 ~		200,000		201,912
6.600% due 01/28/24 ~		200,000		210,431
6.850% due 01/27/45 ~		615,000		592,552
6.875% due 01/29/26 ~		440,000		462,686
7.450% due 04/30/44 ~		130,000		134,550
7.500% due 05/06/21 ~		54,667		56,512

				2,094,468


Ecuador - 4.3%

Ecuador Government
7.775% due 01/23/28 y~		514,000		213,315
7.950% due 06/20/24 y~		968,000		479,170
8.750% due 06/02/23 y~		258,000		118,938
8.875% due 10/23/27 y~		1,166,000		494,093
9.500% due 03/27/30 *y~		947,000		406,026
9.625% due 06/02/27 y~		650,000		279,500
9.650% due 12/13/26 y~		1,491,000		646,721
10.650% due 01/31/29 y ~		984,000		408,606
10.750% due 03/28/22 y ~		1,106,000		541,940

				3,588,309


Egypt - 2.3%

Egypt Government
6.588% due 02/21/28 ~		200,000		197,986
7.600% due 03/01/29 ~		280,000		286,146
7.625% due 05/29/32 ~		200,000		195,718
7.903% due 02/21/48 ~		300,000		278,431
8.500% due 01/31/47 ~		447,000		438,675
8.700% due 03/01/49 ~		339,000		333,717
8.875% due 05/29/50 ~		216,000		214,019

				1,944,692


El Salvador - 1.3%

El Salvador Government
5.875% due 01/30/25 ~		98,000		86,485
6.375% due 01/18/27 ~		226,000		194,927
7.125% due 01/20/50 ~		284,000		232,454
7.625% due 02/01/41 ~		150,000		128,100
7.650% due 06/15/35 ~		149,000		130,002
8.250% due 04/10/32 ~		142,000		130,285
8.625% due 02/28/29 ~		201,000		193,465

				1,095,718


Gabon - 1.0%

Gabon Government
6.375% due 12/12/24 ~		453,000		431,698
6.625% due 02/06/31 ~		494,000		442,607

				874,305


Ghana - 0.8%

Ghana Government
7.625% due 05/16/29 ~		200,000		189,640
8.125% due 03/26/32 ~		200,000		188,800
8.950% due 03/26/51 ~		326,000		299,892

				678,332


	Principal Amount		Value

Hungary - 0.9%

Hungary Government
3.000% due 10/27/27		HUF 14,560,000		$50,415
3.000% due 08/21/30		48,840,000		167,337
5.375% due 03/25/24		$154,000		175,198
5.750% due 11/22/23		220,000		250,494
6.750% due 10/22/28		HUF 19,920,000		87,189
7.625% due 03/29/41		$30,000		50,431

				781,064


India - 0.2%

Export-Import Bank of India 4.000% due 01/14/23 ~		200,000		209,307


Indonesia - 5.5%

Indonesia Government
4.750% due 07/18/47 ~		200,000		235,638
5.125% due 01/15/45 ~		200,000		245,894
5.250% due 01/17/42 ~		200,000		248,056
5.250% due 01/08/47 ~		221,000		277,384
5.950% due 01/08/46 ~		200,000		273,884
7.750% due 01/17/38 ~		130,000		196,462
8.500% due 10/12/35 ~		100,000		155,850
Indonesia Treasury
6.125% due 05/15/28		IDR 1,352,000,000		88,881
6.625% due 05/15/33		3,646,000,000		234,150
7.000% due 05/15/27		3,798,000,000		266,671
7.000% due 09/15/30		2,946,000,000		203,384
7.500% due 06/15/35		2,582,000,000		178,996
7.750% due 04/15/31		579,000,000		41,093
8.250% due 05/15/29		6,698,000,000		500,674
8.250% due 05/15/36		1,332,000,000		97,133
8.375% due 03/15/24		4,465,000,000		332,257
8.375% due 09/15/26		7,205,000,000		544,977
8.375% due 04/15/39		3,886,000,000		287,023
Perusahaan Penerbit SBSN Indonesia III 4.550% due 03/29/26 ~		$200,000		221,776

				4,630,183


Ivory Coast - 0.8%

Ivory Coast Government
5.875% due 10/17/31 ~		EUR 225,000		238,146
6.375% due 03/03/28 ~		$200,000		205,048
6.875% due 10/17/40 ~		EUR 229,000		241,681

				684,875


Kenya - 0.3%

Kenya Government 8.000% due 05/22/32 ~		$246,000		243,619


Lebanon - 0.9%

Lebanon Government
5.800% due 04/14/21 *y ~		312,000		62,030
6.000% due 01/27/23 y ~		60,000		10,905
6.100% due 10/04/22 y ~		853,000		161,217
6.150% due 06/19/21 y		540,000		106,650
6.375% due 03/09/21 y		438,000		87,145
6.600% due 11/27/26 y ~		152,000		27,303
6.850% due 03/23/27 y ~		421,000		75,877
7.000% due 03/23/32 y ~		253,000		45,527
7.050% due 11/02/35 *y ~		9,000		1,621


	Principal Amount		Value
7.250% due 03/23/37 y ~		$159,000		$29,981
8.250% due 04/12/21 y ~		873,000		168,053

				776,309

Malaysia - 0.8%

Malaysia Government
3.733% due 06/15/28		MYR 230,000		$56,791
3.828% due 07/05/34		524,000		129,062
3.885% due 08/15/29		185,000		46,596
3.899% due 11/16/27		51,000		12,759
4.065% due 06/15/50		639,000		150,285
4.181% due 07/15/24		217,000		54,051
4.232% due 06/30/31		201,000		51,365
4.498% due 04/15/30		241,000		62,956
4.642% due 11/07/33		180,000		47,884
4.921% due 07/06/48		66,000		17,724
4.935% due 09/30/43		28,000		7,498

				636,971

Mexico - 2.5%

Mexican Bonos
7.500% due 06/03/27		MXN 1,720,000		83,423
7.750% due 11/23/34		5,460,000		269,920
7.750% due 11/13/42		2,120,000		100,835
8.000% due 11/07/47		5,100,000		248,837
8.500% due 05/31/29		5,340,000		275,235
8.500% due 11/18/38		8,950,000		462,404
10.000% due 12/05/24		1,780,000		93,255
Mexico Government
4.750% due 03/08/44		$102,000		107,538
5.550% due 01/21/45		122,000		144,401
5.750% due 10/12/10		136,000		151,204
6.050% due 01/11/40		92,000		112,405

				2,049,457

Morocco - 0.4%

Morocco Government 4.250% due 12/11/22 ~		320,000		337,822

Nigeria - 0.9%

Nigeria Government
6.500% due 11/28/27 ~		200,000		190,900
7.625% due 11/28/47 ~		374,000		335,168
9.248% due 01/21/49 ~		200,000		203,090

				729,158

Oman - 0.7%

Oman Government
6.500% due 03/08/47 ~		400,000		347,497
6.750% due 01/17/48 ~		266,000		231,221

				578,718

Pakistan - 1.0%

Pakistan Government
6.875% due 12/05/27 ~		400,000		395,480
8.250% due 04/15/24 ~		259,000		270,904
8.250% due 09/30/25 ~		200,000		209,375

				875,759


	Principal Amount		Value
Panama - 1.1%

Panama Government
4.300% due 04/29/53		$200,000		$239,752
6.700% due 01/26/36		206,000		297,270
8.875% due 09/30/27		116,000		165,134
9.375% due 04/01/29		118,000		179,485

				881,641

Paraguay - 0.3%

Paraguay Government 4.625% due 01/25/23 ~		200,000		210,502

Peru - 2.6%

Fondo MIVIVIENDA SA 7.000% due 02/14/24 ~		PEN 236,000		74,183
Peruvian Government
5.350% due 08/12/40 ~		523,000		148,471
5.400% due 08/12/34 ~		527,000		157,088
5.625% due 11/18/50		$380,000		601,082
6.950% due 08/12/31 ~		PEN 1,315,000		452,687
7.350% due 07/21/25		$178,000		227,154
8.750% due 11/21/33		288,000		481,594

				2,142,259

Philippines - 1.4%

Philippine Government
6.375% due 10/23/34		200,000		289,068
7.750% due 01/14/31		270,000		404,907
9.500% due 02/02/30		170,000		277,248
10.625% due 03/16/25		123,000		172,475

				1,143,698

Poland - 0.2%

Republic of Poland
2.750% due 04/25/28		PLN 93,000		26,132
2.750% due 10/25/29		371,000		105,628

				131,760

Qatar - 1.8%

Qatar Government
3.250% due 06/02/26 ~		$400,000		434,915
4.817% due 03/14/49 ~		535,000		705,459
5.103% due 04/23/48 ~		246,000		335,257

				1,475,631

Romania - 1.2%

Romanian Government
3.375% due 01/28/50 ~		EUR 224,000		245,002
3.624% due 05/26/30 ~		86,000		104,503
4.375% due 08/22/23 ~		$184,000		195,945
5.800% due 07/26/27		RON 1,080,000		283,141
6.125% due 01/22/44 ~		$38,000		50,063
6.750% due 02/07/22 ~		104,000		112,044

				990,698

Russia - 2.8%

Russia Federal
6.900% due 05/23/29		RUB 10,169,000		154,722
7.050% due 01/19/28		15,820,000		242,778


	Principal Amount		Value
7.250% due 05/10/34		RUB 1,769,000		$27,610
7.400% due 07/17/24		7,144,000		109,296
7.700% due 03/23/33		18,108,000		291,485
7.750% due 09/16/26		19,784,000		313,828
7.950% due 10/07/26		3,126,000		49,955
8.500% due 09/17/31		24,725,000		420,050
Russia Foreign
4.375% due 03/21/29 ~		$200,000		227,750
5.250% due 06/23/47 ~		400,000		529,000

				2,366,474

Saudi Arabia - 1.2%

Saudi Government
3.750% due 01/21/55 ~		258,000		263,601
4.500% due 04/22/60 ~		200,000		230,498
5.000% due 04/17/49 ~		200,000		248,047
5.250% due 01/16/50 ~		200,000		257,708

				999,854

South Africa - 2.8%

Republic of South Africa Government
4.300% due 10/12/28		435,000		404,541
5.650% due 09/27/47		230,000		200,965
5.750% due 09/30/49		250,000		218,077
5.875% due 05/30/22		103,000		109,079
7.000% due 02/28/31		ZAR 550,000		26,106
8.000% due 01/31/30		4,878,786		260,069
8.250% due 03/31/32		9,898,912		498,171
8.750% due 01/31/44		1,792,140		81,570
8.750% due 02/28/48		5,342,051		242,836
8.875% due 02/28/35		1,333,690		66,154
9.000% due 01/31/40		1,857,760		88,646
10.500% due 12/21/26		1,631,052		107,286

				2,303,500

Sri Lanka - 0.8%

Sri Lanka Government
7.550% due 03/28/30 ~		$465,000		305,773
7.850% due 03/14/29 ~		502,000		331,981

				637,754

Suriname - 0.1%

Republic of Suriname 9.250% due 10/26/26 ~		200,000		89,140

Thailand - 0.5%

Thailand Government
2.875% due 06/17/46		THB 333,000		12,707
3.300% due 06/17/38		3,942,000		158,888
3.400% due 06/17/36		3,361,000		136,177
3.600% due 06/17/67		3,221,000		138,579

				446,351

Turkey - 3.0%

Turkey Government
4.250% due 03/13/25		$275,000		257,059
4.875% due 04/16/43		200,000		154,950
5.600% due 11/14/24		422,000		416,197
5.625% due 03/30/21		100,000		101,931
5.750% due 03/22/24		200,000		199,064
5.750% due 05/11/47		200,000		163,915
6.000% due 03/25/27		200,000		195,731


	Principal Amount		Value
6.125% due 10/24/28		$200,000		$194,686
6.350% due 08/10/24		200,000		202,750
6.750% due 05/30/40		108,000		102,087
6.875% due 03/17/36		50,000		48,803
7.375% due 02/05/25		130,000		137,248
10.500% due 08/11/27		TRY 240,000		33,478
10.600% due 02/11/26		722,000		103,978
10.700% due 08/17/22		1,019,000		153,144
11.000% due 02/24/27		81,000		11,582

				2,476,603

Ukraine - 3.3%

Ukraine Government
7.375% due 09/25/32 ~		$971,000		978,513
7.750% due 09/01/22 ~		100,000		104,450
7.750% due 09/01/23 ~		214,000		225,004
7.750% due 09/01/24 ~		103,000		107,759
7.750% due 09/01/25 ~		367,000		384,177
7.750% due 09/01/26 ~		200,000		209,041
7.750% due 09/01/27 ~		126,000		131,348
8.994% due 02/01/24 ~		312,000		336,119
9.750% due 11/01/28 ~		200,000		228,516
15.840% due 02/26/25 ~		UAH 1,247,000		54,505
16.000% due 08/11/21 ~		413,000		16,465
17.000% due 05/11/22 ~		397,000		16,461
17.250% due 01/05/22 ~		205,000		8,351

				2,800,709

United Arab Emirates - 0.2%

Abu Dhabi Government 3.125% due 09/30/49 ~		$200,000		208,750

Uruguay - 1.9%

Uruguay Government
3.875% due 07/02/40 ^		UYU 13,192,000		314,498
4.125% due 11/20/45		$115,548		133,748
4.375% due 12/15/28 ^		UYU 883,275		22,108
4.975% due 04/20/55		$317,082		407,626
5.100% due 06/18/50		97,000		125,548
7.625% due 03/21/36		145,000		220,662
7.875% due 01/15/33		188,000		285,021
8.500% due 03/15/28 ~		UYU 2,269,000		49,197
9.875% due 06/20/22 ~		1,102,000		26,088

				1,584,496

Venezuela - 0.2%

Venezuela Government
7.750% due 10/13/20 * y ~		$85,000		5,525
8.250% due 10/13/24 * y ~		166,100		10,381
9.000% due 05/07/23 * y ~		73,000		4,563
9.250% due 09/15/27 * y		252,000		15,750
9.250% due 05/07/28 * y ~		121,000		7,562
11.750% due 10/21/26 * y ~		768,700		48,044
11.950% due 08/05/31 * y ~		1,255,900		78,494
12.750% due 08/23/22 * y ~		211,000		13,187

				183,506


	Principal Amount		Value
Zambia - 0.3%

Zambia Government
8.500% due 04/14/24 ~		$200,000		$107,644
8.970% due 07/30/27 ~		307,000		162,268

				269,912


Total Foreign Government Bonds & Notes (Cost $57,924,964)				57,669,513


SHORT-TERM INVESTMENTS – 5.9%

Foreign Government Issues - 0.2%

Argentina Treasury Bill (Argentina)
0.000% due 07/29/20 W		ARS 1,114,011		11,958
0.000% due 10/29/20 W		5,244,404		56,475
Uruguay Monetary Regulation Bill (Uruguay)
10.309% due 12/18/20		UYU 146,000		3,304
10.730% due 02/05/21		363,000		8,089
10.757% due 03/19/21		681,000		14,996
10.793% due 02/19/21		299,000		6,635
10.932% due 03/10/21		864,000		19,053
11.076% due 06/09/21		669,000		14,359
11.089% due 06/18/21		2,506,000		53,642
11.102% due 12/08/21		573,000		11,667

				200,178


	Shares
Money Market Fund - 5.7%

BlackRock Liquidity Funds T-Fund Portfolio ‘Institutional’ 0.110%		4,718,048		4,718,048


Total Short-Term Investments (Cost $5,006,596)				4,918,226


TOTAL INVESTMENTS - 99.0% (Cost $82,994,407)				82,719,587

DERIVATIVES - 0.2%				130,734


OTHER ASSETS & LIABILITIES, NET - 0.8%				741,388


NET ASSETS - 100.0%				$83,591,709

Notes to Schedule of Investments

(a)

Investments with a total aggregate value of $141,619 or 0.2% of the Fund’s net assets were valued by the Trustee Valuation Committee or determined by a valuation committee established under the Valuation Policy and then subsequently submitted for approval or ratification to either the Trustee Valuation Committee or to the Board of Trustees.

(b)	Investments with a total aggregate value of $7,004,884 or 8.4% of the Fund’s net assets were in default as of June 30, 2020.

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of June 30, 2020:


	Shares		Value
COMMON STOCKS - 98.7%

Basic Materials - 2.1%

Huntsman Corp		8,195		$147,264
Linde PLC (United Kingdom)		1,520		322,407

				469,671

Communications - 16.4%

Alphabet Inc ‘A’ *		514		728,878
Amazon.com Inc *		468		1,291,128
Discovery Inc ‘A’ *		9,121		192,453
Facebook Inc ‘A’ *		2,970		674,398
The Walt Disney Co		3,485		388,612
Verizon Communications Inc		7,166		395,062

				3,670,531

Consumer, Cyclical - 5.2%

AutoZone Inc *		197		222,240
Best Buy Co Inc		3,240		282,755
Darden Restaurants Inc		2,393		181,318
PulteGroup Inc		6,045		205,711
Target Corp		2,296		275,359

				1,167,383

Consumer, Non-Cyclical - 24.4%

Abbott Laboratories		3,652		333,902
AbbVie Inc		3,688		362,088
AmerisourceBergen Corp		2,214		223,105
Boston Scientific Corp *		6,162		216,348
Charles River Laboratories International Inc *		645		112,456
Cigna Corp		1,387		260,271
Constellation Brands Inc ‘A’		1,454		254,377
Eli Lilly and Co		2,181		358,077
Johnson & Johnson		2,243		315,433
Kimberly-Clark Corp		1,502		212,308
Medtronic PLC		3,204		293,807
Merck & Co Inc		5,128		396,548
Mondelez International Inc ‘A’		5,147		263,166
Quanta Services Inc		5,384		211,214
The Procter & Gamble Co		3,986		476,606
Thermo Fisher Scientific Inc		964		349,296
UnitedHealth Group Inc		1,510		445,374
US Foods Holding Corp *		7,109		140,189
Vertex Pharmaceuticals Inc *		810		235,151

				5,459,716

Energy - 2.4%

Chevron Corp		3,057		272,776
ConocoPhillips		6,183		259,810

				532,586

Financial - 15.8%

American Tower Corp REIT		1,569		405,649
Bank of America Corp		17,678		419,853
BlackRock Inc		549		298,705
Boston Properties Inc REIT		1,355		122,465
JPMorgan Chase & Co		4,538		426,844
State Street Corp		2,868		182,261
The Allstate Corp		2,309		223,950
The Charles Schwab Corp		2,937		99,094
The Hartford Financial Services Group Inc		6,631		255,625


	Shares		Value
Truist Financial Corp		5,619		$210,993
Visa Inc ‘A’		3,334		644,029
Willis Towers Watson PLC		1,258		247,763

				3,537,231

Industrial - 7.0%

Honeywell International Inc		1,901		274,866
Kansas City Southern		1,509		225,279
L3Harris Technologies Inc		1,151		195,290
Martin Marietta Materials Inc		960		198,307
Northrop Grumman Corp		736		226,276
Parker-Hannifin Corp		975		178,688
The Boeing Co		1,458		267,251

				1,565,957

Technology - 22.6%

Activision Blizzard Inc		2,054		155,899
Adobe Inc *		969		421,815
Apple Inc		3,683		1,343,558
Broadcom Inc		750		236,707
Cerner Corp		4,114		282,015
Lam Research Corp		878		283,998
Leidos Holdings Inc		2,261		211,788
Micron Technology Inc *		3,796		195,570
Microsoft Corp		7,141		1,453,265
Skyworks Solutions Inc		1,901		243,062
Synopsys Inc *		1,262		246,090

				5,073,767

Utilities - 2.8%

DTE Energy Co		3,046		327,445
Duke Energy Corp		3,867		308,935

				636,380


Total Common Stocks (Cost $17,174,480)				22,113,222


SHORT-TERM INVESTMENT - 1.0%

Money Market Fund - 1.0%

BlackRock Liquidity Funds T-Fund Portfolio ‘Institutional’ 0.110%		223,638		223,638


Total Short-Term Investment (Cost $223,638)				223,638


TOTAL INVESTMENTS - 99.7% (Cost $17,398,118)				22,336,860

OTHER ASSETS & LIABILITIES, NET - 0.3%				70,270


NET ASSETS - 100.0%				$22,407,130

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of June 30, 2020:


	Shares		Value
COMMON STOCKS - 97.8%

Basic Materials - 2.3%

Air Products and Chemicals Inc		1,137		$274,540
Huntsman Corp		8,131		146,114

				420,654

Communications - 13.0%

Alphabet Inc ‘A’ *		299		423,997
AT&T Inc		4,438		134,161
Cisco Systems Inc		5,544		258,572
Comcast Corp ‘A’		9,968		388,553
Discovery Inc ‘A’ *		9,313		196,504
E*TRADE Financial Corp		4,189		208,319
The Walt Disney Co		1,914		213,430
Verizon Communications Inc		9,767		538,455

				2,361,991

Consumer, Cyclical - 4.5%

Best Buy Co Inc		2,724		237,723
Darden Restaurants Inc		1,796		136,083
PulteGroup Inc		5,031		171,205
Target Corp		2,292		274,880

				819,891

Consumer, Non-Cyclical - 23.5%

AbbVie Inc		2,805		275,395
AmerisourceBergen Corp		2,451		246,987
Biogen Inc *		178		47,624
Cigna Corp		1,098		206,040
Eli Lilly and Co		1,549		254,315
Hill-Rom Holdings Inc		2,086		229,001
Johnson & Johnson		3,406		478,986
Kimberly-Clark Corp		2,257		319,027
Medtronic PLC		4,476		410,449
Merck & Co Inc		3,279		253,565
Mondelez International Inc ‘A’		5,128		262,195
PepsiCo Inc		2,015		266,504
Quanta Services Inc		6,793		266,489
The Procter & Gamble Co		2,208		264,010
Thermo Fisher Scientific Inc		864		313,062
UnitedHealth Group Inc		602		177,560

				4,271,209

Energy - 5.7%

Chevron Corp		4,080		364,058
Concho Resources Inc		2,753		141,779
ConocoPhillips		4,345		182,577
EOG Resources Inc		4,006		202,944
Phillips 66		2,074		149,121

				1,040,479

Financial - 23.2%

American Express Co		1,437		136,802
Bank of America Corp		22,114		525,207
Berkshire Hathaway Inc ‘B’ *		1,086		193,862
Boston Properties Inc REIT		2,049		185,189
Equity LifeStyle Properties Inc REIT		1,708		106,716
Highwoods Properties Inc REIT		2,585		96,498
Intercontinental Exchange Inc		2,828		259,045
JPMorgan Chase & Co		6,676		627,945


	Shares		Value
Prologis Inc REIT		3,290		$307,056
Prudential Financial Inc		3,655		222,590
State Street Corp		4,772		303,261
The Allstate Corp		2,269		220,070
The Charles Schwab Corp		4,479		151,121
The Hartford Financial Services Group Inc		5,292		204,007
The Travelers Cos Inc		1,328		151,458
Truist Financial Corp		6,266		235,288
Willis Towers Watson PLC		1,477		290,895

				4,217,010

Industrial - 11.8%

Caterpillar Inc		1,679		212,393
Honeywell International Inc		1,653		239,007
Kansas City Southern		1,599		238,715
Lockheed Martin Corp		530		193,408
Martin Marietta Materials Inc		1,272		262,757
Northrop Grumman Corp		586		180,160
Owens Corning		2,501		139,456
Parker-Hannifin Corp		1,469		269,224
Textron Inc		4,897		161,160
Trane Technologies PLC		1,577		140,321
Westrock Co		3,605		101,877

				2,138,478

Technology - 7.5%

Apple Inc		507		184,954
Broadcom Inc		542		171,061
Intel Corp		3,273		195,823
Micron Technology Inc *		4,048		208,553
Microsoft Corp		1,254		255,201
ON Semiconductor Corp *		8,675		171,939
Oracle Corp		2,973		164,318

				1,351,849

Utilities - 6.3%

American Electric Power Co Inc		3,731		297,137
DTE Energy Co		2,585		277,887
Duke Energy Corp		3,190		254,849
Xcel Energy Inc		4,964		310,250

				1,140,123


Total Common Stocks (Cost $15,786,620)				17,761,684


SHORT-TERM INVESTMENT - 2.4%

Money Market Fund - 2.4%

BlackRock Liquidity Funds T-Fund Portfolio ‘Institutional’ 0.110%		438,121		438,121


Total Short-Term Investment (Cost $438,121)				438,121


TOTAL INVESTMENTS - 100.2% (Cost $16,224,741)				18,199,805

OTHER ASSETS & LIABILITIES, NET - (0.2%)				(37,116	)


NET ASSETS - 100.0%				$18,162,689

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of June 30, 2020:


	Shares		Value
COMMON STOCKS - 99.5%

Basic Materials - 3.2%

Axalta Coating Systems Ltd *		97,840		$2,206,292
Kaiser Aluminum Corp		24,524		1,805,457
PolyOne Corp		75,145		1,971,053
W R Grace & Co		54,820		2,785,404

				8,768,206

Communications - 3.9%

Ciena Corp *		62,595		3,390,145
NIC Inc		74,974		1,721,403
Viavi Solutions Inc *		215,965		2,751,394
Vonage Holdings Corp *		265,737		2,673,315

				10,536,257

Consumer, Cyclical - 13.4%

American Eagle Outfitters Inc		244,295		2,662,816
Aramark		75,763		1,709,971
BJ’s Restaurants Inc		48,532		1,016,260
BJ’s Wholesale Club Holdings Inc *		83,124		3,098,031
Bloomin’ Brands Inc		138,892		1,480,589
Dana Inc		160,850		1,960,762
Darden Restaurants Inc		27,543		2,086,933
Deckers Outdoor Corp *		15,889		3,120,441
Dick’s Sporting Goods Inc		70,355		2,902,847
KB Home		58,241		1,786,834
Kohl’s Corp		91,333		1,896,986
Lithia Motors Inc ‘A’		16,963		2,567,011
RH *		12,818		3,190,400
SeaWorld Entertainment Inc *		91,893		1,360,935
SkyWest Inc		40,873		1,333,277
Sleep Number Corp *		44,915		1,870,261
UniFirst Corp		11,196		2,003,524

				36,047,878

Consumer, Non-Cyclical - 26.3%

Adtalem Global Education Inc *		48,480		1,510,152
Amedisys Inc *		12,841		2,549,452
Amicus Therapeutics Inc *		154,738		2,333,449
AMN Healthcare Services Inc *		40,717		1,842,037
Arena Pharmaceuticals Inc *		26,600		1,674,470
BioTelemetry Inc *		43,320		1,957,631
Blueprint Medicines Corp *		23,638		1,843,764
Cardtronics PLC ‘A’ *		69,013		1,654,932
Charles River Laboratories International Inc *		17,073		2,976,678
Deluxe Corp		46,987		1,106,074
Esperion Therapeutics Inc *		42,143		2,162,357
Euronet Worldwide Inc *		19,139		1,833,899
Exact Sciences Corp *		34,057		2,960,916
FibroGen Inc *		63,041		2,555,052
FTI Consulting Inc *		24,293		2,782,763
Helen of Troy Ltd *		10,815		2,039,276
Horizon Therapeutics PLC *		92,666		5,150,376
Hostess Brands Inc *		151,822		1,855,265
ICF International Inc		30,959		2,007,072
Intercept Pharmaceuticals Inc *		27,325		1,309,141
Ionis Pharmaceuticals Inc *		39,073		2,303,744
Iovance Biotherapeutics Inc *		81,821		2,245,986
Jazz Pharmaceuticals PLC *		23,332		2,574,453
Lamb Weston Holdings Inc		35,948		2,298,156
Merit Medical Systems Inc *		58,033		2,649,207
Neurocrine Biosciences Inc *		23,789		2,902,258


	Shares		Value
Option Care Health Inc *		96,373		$1,337,657
Performance Food Group Co *		82,217		2,395,803
Quanta Services Inc		69,566		2,729,074
Syneos Health Inc *		49,537		2,885,530
Teleflex Inc		6,233		2,268,687

				70,695,311

Energy - 1.5%

Diamondback Energy Inc		34,305		1,434,635
HollyFrontier Corp		47,360		1,382,912
WPX Energy Inc *		179,272		1,143,756

				3,961,303

Financial - 19.9%

Air Lease Corp		99,003		2,899,798
Alleghany Corp		3,859		1,887,591
Blucora Inc *		98,595		1,125,955
Everest Re Group Ltd		14,603		3,011,139
First Industrial Realty Trust Inc REIT		54,474		2,093,981
Highwoods Properties Inc REIT		53,668		2,003,426
Horace Mann Educators Corp		47,986		1,762,526
Host Hotels & Resorts Inc REIT		145,045		1,565,036
Hudson Pacific Properties Inc REIT		81,086		2,040,124
IBERIABANK Corp		47,902		2,181,457
Investors Bancorp Inc		216,715		1,842,078
Lamar Advertising Co ‘A’ REIT		43,390		2,896,716
Life Storage Inc REIT		20,693		1,964,800
Mid-America Apartment Communities Inc REIT		22,984		2,635,575
Old Republic International Corp		119,368		1,946,892
Piedmont Office Realty Trust Inc ‘A’ REIT		141,073		2,343,223
Pinnacle Financial Partners Inc		57,795		2,426,812
QTS Realty Trust Inc ‘A’ REIT		28,916		1,853,226
Radian Group Inc		107,988		1,674,894
Ryman Hospitality Properties Inc REIT		29,225		1,011,185
TCF Financial Corp		92,716		2,727,705
The Hanover Insurance Group Inc		25,782		2,612,490
Two Harbors Investment Corp REIT		531,306		2,677,782
Western Alliance Bancorp		58,502		2,215,471
Wintrust Financial Corp		48,670		2,122,985

				53,522,867

Industrial - 12.6%

Aerojet Rocketdyne Holdings Inc *		61,893		2,453,438
Altra Industrial Motion Corp		50,005		1,593,159
American Woodmark Corp *		30,421		2,301,349
EnPro Industries Inc		35,657		1,757,533
Evoqua Water Technologies Corp *		116,584		2,168,462
Generac Holdings Inc *		21,184		2,582,965
Graphic Packaging Holding Co		204,926		2,866,915
Harsco Corp *		105,800		1,429,358
Itron Inc *		34,527		2,287,414
Jacobs Engineering Group Inc		32,883		2,788,478
MasTec Inc *		32,625		1,463,884
Rexnord Corp		56,027		1,633,187
SPX Corp *		67,690		2,785,444
The Timken Co		52,824		2,402,964
US Ecology Inc		34,644		1,173,739
Werner Enterprises Inc		^52,534		2,286,805

				33,975,094

Technology - 15.8%

Avaya Holdings Corp *		173,268		2,141,592
Bottomline Technologies DE Inc *		57,078		2,897,850
Box Inc ‘A’ *		139,272		2,891,287


	Shares		Value
CommVault Systems Inc *		34,717		$1,343,548
Cornerstone OnDemand Inc *		27,640		1,065,798
Everbridge Inc *		19,729		2,729,704
Glu Mobile Inc *		233,209		2,161,847
J2 Global Inc *		40,313		2,548,185
Leidos Holdings Inc		25,270		2,367,041
MKS Instruments Inc		19,983		2,262,875
ON Semiconductor Corp *		134,185		2,659,547
Qualys Inc *		23,281		2,421,690
RealPage Inc *		39,415		2,562,369
Silicon Laboratories Inc *		29,644		2,972,404
SPS Commerce Inc *		44,565		3,347,723
Synopsys Inc *		17,035		3,321,825
Zebra Technologies Corp ‘A’ *		10,684		2,734,570

				42,429,855

Utilities - 2.9%

Black Hills Corp		48,471		2,746,367
Portland General Electric Co		63,894		2,671,408
Southwest Gas Holdings Inc		34,706		2,396,449

				7,814,224


Total Common Stocks (Cost $255,324,733)				267,750,995


SHORT-TERM INVESTMENT - 0.8%

Money Market Fund - 0.8%

BlackRock Liquidity Funds T-Fund Portfolio ‘Institutional’ 0.110%		2,135,836		2,135,836


Total Short-Term Investment (Cost $2,135,836)				2,135,836


TOTAL INVESTMENTS - 100.3% (Cost $257,460,569)				269,886,831

OTHER ASSETS & LIABILITIES, NET - (0.3%)				(709,062	)


NET ASSETS - 100.0%				$269,177,769

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of June 30, 2020:


	Shares		Value
COMMON STOCKS - 98.9%

Basic Materials - 3.0%

Commercial Metals Co		5,108		$104,203
Kaiser Aluminum Corp		928		68,319
PolyOne Corp		4,461		117,012
Rogers Corp *		529		65,913

				355,447

Communications - 3.5%

NETGEAR Inc *		2,049		53,049
NIC Inc		4,986		114,479
Viavi Solutions Inc *		10,274		130,891
Vonage Holdings Corp *		11,825		118,960

				417,379

Consumer, Cyclical - 14.3%

American Eagle Outfitters Inc		9,360		102,024
BJ’s Restaurants Inc		2,928		61,312
BJ’s Wholesale Club Holdings Inc *		3,620		134,917
Bloomin’ Brands Inc		6,474		69,013
Callaway Golf Co		3,512		61,495
Dana Inc		5,990		73,018
Deckers Outdoor Corp *		753		147,882
Dick’s Sporting Goods Inc		2,932		120,974
KB Home		3,251		99,741
Kohl’s Corp		3,288		68,292
Lithia Motors Inc ‘A’		1,052		159,199
Marriott Vacations Worldwide Corp		1,215		99,885
PetIQ Inc *		3,459		120,512
RH *		493		122,708
SeaWorld Entertainment Inc *		3,132		46,385
SkyWest Inc		1,624		52,975
Sleep Number Corp *		2,438		101,518
UniFirst Corp		413		73,906

				1,715,756

Consumer, Non-Cyclical - 26.1%

Acadia Healthcare Co Inc *		3,107		78,048
Addus HomeCare Corp *		1,085		100,428
Adtalem Global Education Inc *		2,714		84,541
Amicus Therapeutics Inc *		9,294		140,154
AMN Healthcare Services Inc *		2,261		102,288
Amphastar Pharmaceuticals Inc *		4,050		90,963
Arena Pharmaceuticals Inc *		1,113		70,063
AtriCure Inc *		1,613		72,504
BioTelemetry Inc *		1,468		66,339
Blueprint Medicines Corp *		1,441		112,398
Cardtronics PLC ‘A’ *		3,237		77,623
Deluxe Corp		2,150		50,611
Esperion Therapeutics Inc *		1,873		96,104
FibroGen Inc *		2,595		105,175
FTI Consulting Inc *		933		106,875
Helen of Troy Ltd *		691		130,295
Heron Therapeutics Inc *		7,188		105,735
Horizon Therapeutics PLC *		2,344		130,280
Hostess Brands Inc *		7,899		96,526
ICF International Inc		1,719		111,443
Intercept Pharmaceuticals Inc *		1,002		48,006
Iovance Biotherapeutics Inc *		4,301		118,062
LHC Group Inc *		775		135,098
LivaNova PLC *		1,205		57,997
Magellan Health Inc *		1,072		78,235


	Shares		Value
NuVasive Inc *		1,811		$100,800
Option Care Health Inc *		7,092		98,437
Performance Food Group Co *		3,370		98,202
PTC Therapeutics Inc *		1,777		90,165
Revance Therapeutics Inc *		5,227		127,643
Syneos Health Inc *		2,206		128,500
Ultragenyx Pharmaceutical Inc *		1,730		135,321

				3,144,859

Energy - 1.0%

Magnolia Oil & Gas Corp ‘A’ *		9,190		55,691
PBF Energy Inc ‘A’		6,672		68,321

				124,012

Financial - 21.0%

Argo Group International Holdings Ltd		2,325		80,980
Berkshire Hills Bancorp Inc		4,004		44,124
Blucora Inc *		4,206		48,033
Brightsphere Investment Group Inc		7,825		97,500
ConnectOne Bancorp Inc		5,289		85,259
DiamondRock Hospitality Co REIT		6,894		38,124
Enterprise Financial Services Corp		3,164		98,464
First Industrial Realty Trust Inc REIT		1,887		72,536
Glacier Bancorp Inc		2,187		77,179
Home BancShares Inc		6,166		94,833
Horace Mann Educators Corp		2,960		108,721
IBERIABANK Corp		1,510		68,765
Investors Bancorp Inc		15,786		134,181
Lexington Realty Trust REIT		8,022		84,632
National Storage Affiliates Trust REIT		3,174		90,967
NexPoint Residential Trust Inc REIT		2,947		104,176
Northfield Bancorp Inc		4,354		50,158
Old National Bancorp		6,391		87,940
Piedmont Office Realty Trust Inc ‘A’ REIT		5,662		94,046
PotlatchDeltic Corp REIT		2,134		81,156
PS Business Parks Inc REIT		681		90,164
QTS Realty Trust Inc ‘A’ REIT		1,778		113,952
Radian Group Inc		5,561		86,251
Sandy Spring Bancorp Inc		2,944		72,952
Seacoast Banking Corp of Florida *		4,374		89,230
Selective Insurance Group Inc		2,163		114,077
STAG Industrial Inc REIT		3,132		91,830
Two Harbors Investment Corp REIT		15,975		80,514
United Community Banks Inc		4,027		81,023
WSFS Financial Corp		2,131		61,160

				2,522,927

Industrial - 16.1%

Air Transport Services Group Inc *		4,040		89,971
Altra Industrial Motion Corp		4,164		132,665
American Woodmark Corp *		917		69,371
EMCOR Group Inc		1,760		116,406
EnerSys		1,387		89,295
Evoqua Water Technologies Corp *		7,707		143,350
Generac Holdings Inc *		300		36,579
Harsco Corp *		6,813		92,044
Itron Inc *		1,752		116,070
Masonite International Corp *		949		73,813
MasTec Inc *		2,667		119,668
OSI Systems Inc *		918		68,520
Rexnord Corp		4,207		122,634
Saia Inc *		1,286		142,977
SPX Corp *		2,926		120,405
The Timken Co		1,635		74,376
UFP Industries Inc		2,204		109,120


	Shares		Value
US Ecology Inc		1,033		$34,998
Vishay Intertechnology Inc		5,648		86,245
Werner Enterprises Inc		2,140		93,154

				1,931,661

Technology - 11.3%

Avaya Holdings Corp *		7,737		95,629
Bottomline Technologies DE Inc *		1,795		91,132
Box Inc ‘A’ *		6,278		130,331
CommVault Systems Inc *		1,799		69,621
Cornerstone OnDemand Inc *		2,424		93,469
Everbridge Inc *		665		92,009
Glu Mobile Inc *		14,768		136,899
J2 Global Inc *		1,589		100,441
Qualys Inc *		1,545		160,711
Silicon Laboratories Inc *		1,065		106,788
SPS Commerce Inc *		2,291		172,100
Ultra Clean Holdings Inc *		2,967		67,143
Verint Systems Inc *		1,086		49,065

				1,365,338

Utilities - 2.6%

Black Hills Corp		2,013		114,057
Portland General Electric Co		2,020		84,456
Southwest Gas Holdings Inc		1,713		118,283

				316,796


Total Common Stocks (Cost $11,222,503)				11,894,175


SHORT-TERM INVESTMENT - 1.3%

Money Market Fund - 1.3%

BlackRock Liquidity Funds T-Fund Portfolio ‘Institutional’ 0.110%		155,550		155,550


Total Short-Term Investment (Cost $155,550)				155,550


TOTAL INVESTMENTS - 100.2% (Cost $11,378,053)				12,049,725

OTHER ASSETS & LIABILITIES, NET - (0.2%)				(26,331	)


NET ASSETS - 100.0%				$12,023,394

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of June 30, 2020:


	Shares		Value
COMMON STOCKS - 105.6%

Basic Materials - 4.2%

Commercial Metals Co		6,716		$137,006
Kaiser Aluminum Corp		2,362		173,890
PolyOne Corp		4,995		131,019
W R Grace & Co		2,591		131,649

				573,564


Communications - 2.4%

NETGEAR Inc*		4,603		119,172
Viavi Solutions Inc*		10,231		130,343
Vonage Holdings Corp *		8,804		88,568

				338,083


Consumer, Cyclical - 13.6%

American Eagle Outfitters Inc		12,216		133,154
BJ’s Wholesale Club Holdings Inc*		3,494		130,221
Bloomin’ Brands Inc		11,289		120,341
Callaway Golf Co		6,350		111,188
Dana Inc		14,359		175,036
Deckers Outdoor Corp *		798		156,719
Designer Brands Inc ‘A’		13,121		88,829
KB Home		5,939		182,209
Lithia Motors Inc ‘A’		1,218		184,320
Marriott Vacations Worldwide Corp		1,429		117,478
PetIQ Inc*		3,983		138,768
RH*		403		100,307
SkyWest Inc		3,172		103,471
UniFirst Corp		676		120,970

				1,863,011


Consumer, Non-Cyclical - 17.9%

Aaron’s Inc		2,964		134,566
Acadia Healthcare Co Inc*		4,019		100,957
Addus HomeCare Corp *		1,500		138,840
Adtalem Global Education Inc*		5,952		185,405
Arena Pharmaceuticals Inc*		1,254		78,939
Cardtronics PLC ‘A’ *		4,383		105,104
Central Garden & Pet Co ‘A’ *		3,165		106,945
Deluxe Corp		3,865		90,982
Edgewell Personal Care Co *		3,179		99,058
FibroGen Inc*		2,779		112,633
Helen of Troy Ltd *		1,025		193,274
Horizon Therapeutics PLC *		2,485		138,116
Hostess Brands Inc*		13,107		160,168
ICF International Inc		1,888		122,399
Iovance Biotherapeutics Inc*		3,399		93,303
LivaNova PLC *		2,369		114,020
Magellan Health Inc*		2,360		172,233
Option Care Health Inc*		2,551		35,408
Performance Food Group Co *		4,138		120,581
Revance Therapeutics Inc*		6,021		147,033

				2,449,964


Energy - 3.0%

Delek US Holdings Inc		5,601		97,513
Magnolia Oil & Gas Corp ‘A’ *		24,077		145,907
PBF Energy Inc ‘A’		7,588		77,701
WPX Energy Inc*		13,719		87,527

				408,648


	Shares		Value
Financial - 38.2%

Agree Realty Corp REIT		2,530		$166,246
Argo Group International Holdings Ltd		4,850		168,925
ARMOUR Residential REIT Inc		16,557		155,470
Berkshire Hills Bancorp Inc		10,302		113,528
Blucora Inc*		7,038		80,374
Brightsphere Investment Group Inc		10,630		132,450
Camden National Corp		2,780		96,021
ConnectOne Bancorp Inc		9,246		149,046
DiamondRock Hospitality Co REIT		26,920		148,868
Enterprise Financial Services Corp		3,860		120,123
First Bancorp		4,258		106,791
First Industrial Realty Trust Inc REIT		5,523		212,304
First Interstate BancSystem Inc ‘A’		4,782		148,051
Glacier Bancorp Inc		3,413		120,445
Hilltop Holdings Inc		8,257		152,342
Home BancShares Inc		7,857		120,841
Horace Mann Educators Corp		3,344		122,825
Horizon Bancorp Inc		9,185		98,188
IBERIABANK Corp		3,165		144,134
Investors Bancorp Inc		20,573		174,870
Lexington Realty Trust REIT		18,882		199,205
National Storage Affiliates Trust REIT		4,356		124,843
NexPoint Residential Trust Inc REIT		4,926		174,134
Northfield Bancorp Inc		7,423		85,513
Old National Bancorp		8,366		115,116
Old Second Bancorp Inc		9,315		72,471
Piedmont Office Realty Trust Inc ‘A’ REIT		12,881		213,953
PotlatchDeltic Corp REIT		3,785		143,944
QCR Holdings Inc		3,221		100,431
QTS Realty Trust Inc ‘A’ REIT		2,084		133,564
Radian Group Inc		8,765		135,945
Sandy Spring Bancorp Inc		5,491		136,067
Seacoast Banking Corp of Florida *		6,118		124,807
Selective Insurance Group Inc		3,152		166,236
South State Corp		1,647		78,496
TCF Financial Corp		3,639		107,059
Two Harbors Investment Corp REIT		29,004		146,180
United Community Banks Inc		6,640		133,597
WSFS Financial Corp		4,197		120,454

				5,243,857


Industrial - 18.8%

Altra Industrial Motion Corp		5,489		174,880
AZZ Inc		3,096		106,255
EMCOR Group Inc		2,389		158,008
EnPro Industries Inc		3,230		159,207
Evoqua Water Technologies Corp *		7,234		134,552
Harsco Corp *		14,834		200,407
Knowles Corp *		10,060		153,516
Masonite International Corp *		1,963		152,682
MYR Group Inc*		3,991		127,353
Rexnord Corp		5,788		168,720
Sanmina Corp *		6,558		164,212
The Timken Co		4,455		202,658
TriMas Corp *		5,938		142,215
UFP Industries Inc		2,284		113,081
UFP Technologies Inc*		2,959		130,374
Vishay Intertechnology Inc		6,964		106,340
Werner Enterprises Inc		4,131		179,822

				2,574,282


	Shares		Value
Technology - 2.4%

Avaya Holdings Corp *		12,990		$160,556
Ultra Clean Holdings Inc*		6,032		136,504
Verint Systems Inc*		666		30,090

				327,150


Utilities - 5.1%

Black Hills Corp		4,454		252,364
Portland General Electric Co		4,660		194,835
Southwest Gas Holdings Inc		3,700		255,485

				702,684

Total Common Stocks (Cost $15,289,349)				14,481,243


EXCHANGE-TRADED FUND - 0.4%
iShares Russell 2000 Value		606		59,061

Total Exchange-Traded Fund (Cost $49,776)				59,061


SHORT-TERM INVESTMENT - 1.8%

Money Market Fund - 1.8%

BlackRock Liquidity Funds T-Fund Portfolio ‘Institutional’ 0.110%		241,439		241,439

Total Short-Term Investment (Cost $241,439)				241,439


TOTAL INVESTMENTS - 107.8% (Cost $15,580,564)				14,781,743

OTHER ASSETS & LIABILITIES, NET - (7.8%)				(1,074,765	)


NET ASSETS - 100.0%				$13,706,978

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of June 30, 2020:


	Shares		Value
COMMON STOCKS - 97.6%

Basic Materials - 2.4%

Kaiser Aluminum Corp		993		$73,105
PolyOne Corp		2,576		67,568
Rogers Corp *		477		59,434

				200,107

Communications - 5.7%

NETGEAR Inc *		2,723		70,498
NIC Inc		3,639		83,552
Viavi Solutions Inc *		8,527		108,634
Vonage Holdings Corp *		14,233		143,184
Yelp Inc *		3,070		71,009

				476,877

Consumer, Cyclical - 15.2%

American Eagle Outfitters Inc		6,402		69,782
BJ’s Restaurants Inc		2,339		48,979
BJ’s Wholesale Club Holdings Inc *		4,788		178,449
Bloomin’ Brands Inc		5,323		56,743
Deckers Outdoor Corp *		694		136,295
Dick’s Sporting Goods Inc		1,956		80,704
Dine Brands Global Inc		1,088		45,805
KB Home		2,184		67,005
Kohl’s Corp		3,858		80,131
Lithia Motors Inc ‘A’		728		110,168
PetIQ Inc *		2,645		92,152
RH *		424		105,533
SeaWorld Entertainment Inc *		4,233		62,691
Shake Shack Inc ‘A’ *		1,160		61,457
Sleep Number Corp *		1,890		78,699

				1,274,593

Consumer, Non-Cyclical - 35.6%

Aaron’s Inc		1,611		73,139
Acadia Healthcare Co Inc *		3,073		77,194
Addus HomeCare Corp *		720		66,643
Amedisys Inc *		470		93,314
Amicus Therapeutics Inc *		8,525		128,557
AMN Healthcare Services Inc *		1,705		77,134
Amphastar Pharmaceuticals Inc *		3,121		70,098
AtriCure Inc *		1,306		58,705
BioTelemetry Inc *		2,091		94,492
Blueprint Medicines Corp *		1,260		98,280
Cardtronics PLC ‘A’ *		2,698		64,698
Chegg Inc *		2,399		161,357
Deluxe Corp		2,337		55,013
Esperion Therapeutics Inc *		1,739		89,228
FibroGen Inc *		2,001		81,101
FTI Consulting Inc *		753		86,256
Heron Therapeutics Inc *		4,535		66,710
Horizon Therapeutics PLC *		4,135		229,823
Intercept Pharmaceuticals Inc *		763		36,555
Iovance Biotherapeutics Inc *		3,091		84,848
iRhythm Technologies Inc *		1,020		118,208
LHC Group Inc *		884		154,099
Merit Medical Systems Inc *		2,800		127,820
NuVasive Inc *		1,576		87,720
Option Care Health Inc *		5,100		70,788
Performance Food Group Co *		3,448		100,475
PTC Therapeutics Inc *		1,706		86,562
Quidel Corp *		377		84,350


	Shares		Value
Revance Therapeutics Inc *		3,857		$94,188
Syneos Health Inc *		1,857		108,170
Ultragenyx Pharmaceutical Inc *		1,884		147,367

				2,972,892

Financial - 5.7%

Blucora Inc *		4,570		52,189
ConnectOne Bancorp Inc		4,199		67,688
Essent Group Ltd		2,208		80,084
Glacier Bancorp Inc		1,399		49,371
PS Business Parks Inc REIT		652		86,325
QTS Realty Trust Inc ‘A’ REIT		1,427		91,457
Ryman Hospitality Properties Inc REIT		1,429		49,443

				476,557

Industrial - 15.9%

Aerojet Rocketdyne Holdings Inc *		2,137		84,711
American Woodmark Corp *		1,010		76,407
EnPro Industries Inc		1,293		63,732
Evoqua Water Technologies Corp *		5,624		104,606
Generac Holdings Inc *		1,260		153,632
Harsco Corp *		3,856		52,095
Itron Inc *		1,284		85,065
Masonite International Corp *		1,198		93,180
MasTec Inc *		2,068		92,791
MYR Group Inc *		2,235		71,319
OSI Systems Inc *		985		73,520
Saia Inc *		968		107,622
SPX Corp *		2,758		113,492
Tetra Tech Inc		1,319		104,359
US Ecology Inc		1,475		49,973

				1,326,504

Technology - 17.1%

Avaya Holdings Corp *		5,460		67,486
Bottomline Technologies DE Inc *		2,724		138,297
Box Inc ‘A’ *		4,967		103,115
Cloudera Inc *		8,473		107,777
CommVault Systems Inc *		1,720		66,564
Cornerstone OnDemand Inc *		2,567		98,983
Everbridge Inc *		642		88,827
Glu Mobile Inc *		16,086		149,117
J2 Global Inc *		2,167		136,976
Qualys Inc *		1,234		128,361
RealPage Inc *		1,197		77,817
Silicon Laboratories Inc *		1,139		114,208
SPS Commerce Inc *		1,986		149,188

				1,426,716

Total Common Stocks (Cost $6,684,830)				8,154,246


SHORT-TERM INVESTMENT - 2.5%

Money Market Fund - 2.5%

BlackRock Liquidity Funds T-Fund Portfolio ‘Institutional’ 0.110%		213,409		213,409


Total Short-Term Investment (Cost $213,409)				213,409

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of June 30, 2020:


	Shares		Value
COMMON STOCKS - 98.5%

Basic Materials - 1.2%

The Sherwin-Williams Co		4,170		$2,409,634

				2,409,634

Communications - 21.8%

Alibaba Group Holding Ltd ADR (China) *		6,220		1,341,654
Alphabet Inc ‘A’ *		5,840		8,281,412
Alphabet Inc ‘C’ *		1,834		2,592,561
Amazon.com Inc *		5,938		16,381,873
Charter Communications Inc ‘A’ *		5,701		2,907,738
Facebook Inc ‘A’ *		25,347		5,755,543
Match Group Inc *		4,291		459,352
Netflix Inc *		8,386		3,815,965
Shopify Inc ‘A’ (Canada) *		1,035		982,422
Spotify Technology SA *		2,903		749,526

				43,268,046

Consumer, Cyclical - 3.0%

Chipotle Mexican Grill Inc *		1,019		1,072,355
Costco Wholesale Corp		778		235,897
Dollar General Corp		8,097		1,542,560
Lululemon Athletica Inc *		3,097		966,295
NIKE Inc ‘B’		11,786		1,155,617
Ross Stores Inc		9,625		820,435
Starbucks Corp		2,900		213,411

				6,006,570

Consumer, Non-Cyclical - 23.1%

Abbott Laboratories		18,784		1,717,421
Alnylam Pharmaceuticals Inc *		2,759		408,636
Becton Dickinson and Co		4,931		1,179,840
Boston Scientific Corp *		59,654		2,094,452
Colgate-Palmolive Co		34,248		2,509,008
CoStar Group Inc *		1,575		1,119,305
Danaher Corp		21,322		3,770,369
Edwards Lifesciences Corp *		15,409		1,064,916
Eli Lilly and Co		5,831		957,334
Equifax Inc		3,204		550,704
Global Payments Inc		17,900		3,036,198
IHS Markit Ltd		15,684		1,184,142
Illumina Inc *		4,162		1,541,397
Medtronic PLC		5,080		465,836
Merck & Co Inc		16,341		1,263,650
PayPal Holdings Inc *		22,485		3,917,562
Seattle Genetics Inc *		4,272		725,898
Square Inc ‘A’ *		15,364		1,612,298
STERIS PLC		2,917		447,584
The Estee Lauder Cos Inc ‘A’		7,163		1,351,515
Thermo Fisher Scientific Inc		11,233		4,070,165
TransUnion		16,409		1,428,239
UnitedHealth Group Inc		3,415		1,007,254
Verisk Analytics Inc		18,994		3,232,779
Vertex Pharmaceuticals Inc *		8,442		2,450,797
Zoetis Inc		20,869		2,859,888

				45,967,187


	Shares		Value
Financial – 11.1%

American Tower Corp REIT		10,304		$2,663,996
Aon PLC ‘A’		13,878		2,672,903
Equinix Inc REIT		1,983		1,392,661
Intercontinental Exchange Inc		13,281		1,216,540
Mastercard Inc ‘A’		22,422		6,630,185
Visa Inc ‘A’		38,806		7,496,155

				22,072,440

Industrial - 3.3%

AMETEK Inc		12,803		1,144,204
Amphenol Corp ‘A’		1,182		113,247
Canadian Pacific Railway Ltd (Canada)		4,380		1,118,389
Roper Technologies Inc		5,527		2,145,913
Vulcan Materials Co		17,663		2,046,259

				6,568,012

Technology - 35.0%

Activision Blizzard Inc		25,135		1,907,747
Adobe Inc *		20,399		8,879,889
Apple Inc		11,842		4,319,962
Applied Materials Inc		10,042		607,039
ASML Holding NV (Netherlands)		2,603		957,982
Atlassian Corp PLC ‘A’ *		3,908		704,495
Autodesk Inc *		1,243		297,313
Black Knight Inc *		7,355		533,679
Cadence Design Systems Inc *		21,455		2,058,822
Clarivate PLC (United Kingdom) *		64,276		1,435,283
Electronic Arts Inc *		21,893		2,890,971
Fidelity National Information Services Inc		24,279		3,255,571
Fiserv Inc *		28,475		2,779,729
Intuit Inc		11,898		3,524,069
Lam Research Corp		3,646		1,179,335
Microsoft Corp		98,397		20,024,773
MSCI Inc		8,790		2,934,278
NVIDIA Corp		9,138		3,471,618
salesforce.com Inc *		22,750		4,261,757
ServiceNow Inc *		3,756		1,521,405
Synopsys Inc *		4,631		903,045
Take-Two Interactive Software Inc *		7,779		1,085,715

				69,534,477


Total Common Stocks (Cost $85,482,924)				195,826,366


SHORT-TERM INVESTMENT - 1.7%

Money Market Fund - 1.7%

BlackRock Liquidity Funds T-Fund Portfolio ‘Institutional’ 0.110%		3,414,047		3,414,047


Total Short-Term Investment (Cost $3,414,047)				3,414,047


TOTAL INVESTMENTS - 100.2% (Cost $88,896,971)				199,240,413

OTHER ASSETS & LIABILITIES, NET - (0.2%)				(446,576	)


NET ASSETS - 100.0%				$198,793,837

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of June 30, 2020:


	Shares		Value
RIGHTS - 0.0%

T-Mobile US Inc Exp 07/27/20 *		29,881		$5,020

Total Rights (Cost $0)				5,020


COMMON STOCKS - 99.1%

Basic Materials - 3.8%

Air Products and Chemicals Inc		18,118		4,374,772
PPG Industries Inc		23,580		2,500,895

				6,875,667


Communications - 15.5%

Alphabet Inc ‘A’ *		1,698		2,407,849
Charter Communications Inc ‘A’ *		12,977		6,618,789
Comcast Corp ‘A’		164,768		6,422,657
DISH Network Corp ‘A’ *		148,720		5,132,327
Motorola Solutions Inc		26,124		3,660,756
T-Mobile US Inc*		36,711		3,823,451

				28,065,829


Consumer, Cyclical - 2.8%

The Home Depot Inc		20,084		5,031,243


Consumer, Non-Cyclical - 19.0%

AmerisourceBergen Corp		27,129		2,733,789
Amgen Inc		12,811		3,021,603
Anthem Inc		14,113		3,711,437
CVS Health Corp		36,727		2,386,153
Johnson & Johnson		29,609		4,163,914
Keurig Dr Pepper Inc		85,229		2,420,504
Merck & Co Inc		39,979		3,091,576
Novartis AG ADR (Switzerland)		24,699		2,157,211
PepsiCo Inc		16,600		2,195,516
Pfizer Inc		63,464		2,075,273
Reynolds Consumer Products Inc		90,410		3,140,843
UnitedHealth Group Inc		11,023		3,251,234

				34,349,053


Energy - 5.9%

Chevron Corp		32,280		2,880,344
ConocoPhillips		40,490		1,701,390
Enterprise Products Partners LP		113,603		2,064,167
Exxon Mobil Corp		43,399		1,940,803
Suncor Energy Inc (Canada)		123,077		2,075,078

				10,661,782


Financial - 22.2%

American Express Co		39,084		3,720,797
American Tower Corp REIT		25,200		6,515,208
Bank of America Corp		286,490		6,804,138
Berkshire Hathaway Inc ‘B’ *		14,940		2,666,939
JPMorgan Chase & Co		72,136		6,785,112
Marsh & McLennan Cos Inc		29,208		3,136,063
The Bank of New York Mellon Corp		41,236		1,593,771
The Charles Schwab Corp		56,649		1,911,337
The Progressive Corp		33,209		2,660,373
The Travelers Cos Inc		21,687		2,473,402


	Shares		Value
US Bancorp		53,929		$1,985,666

				40,252,806


Industrial - 17.2%

Deere & Co		24,805		3,898,106
Honeywell International Inc		34,039		4,921,699
Illinois Tool Works Inc		19,697		3,444,021
Martin Marietta Materials Inc		9,023		1,863,881
Northrop Grumman Corp		9,439		2,901,926
Otis Worldwide Corp		37,359		2,124,233
Raytheon Technologies Corp		69,589		4,288,074
TE Connectivity Ltd		49,780		4,059,559
United Parcel Service Inc ‘B’		32,363		3,598,118

				31,099,617


Technology - 8.4%

Apple Inc		13,634		4,973,683
Lam Research Corp		8,053		2,604,823
Microsoft Corp		26,727		5,439,212
Oracle Corp		38,590		2,132,869

				15,150,587


Utilities - 4.3%

Edison International		58,784		3,192,559
Sempra Energy		38,806		4,549,227

				7,741,786

Total Common Stocks (Cost $114,592,562)				179,228,370


SHORT-TERM INVESTMENT - 0.9%

BlackRock Liquidity Funds T-Fund Portfolio ‘Institutional’ 0.110%		1,688,701		1,688,701


Total Short-Term Investment (Cost $1,688,701)				1,688,701


TOTAL INVESTMENTS - 100.0% (Cost $116,281,263)				180,922,091

OTHER ASSETS & LIABILITIES, NET - 0.0%				19,528


NET ASSETS - 100.0%				$180,941,619

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of June 30, 2020:


	Shares		Value
COMMON STOCKS - 97.9%

Basic Materials - 2.3%

Axalta Coating Systems Ltd *		3,410		$76,896
Celanese Corp		750		64,755
Huntsman Corp		4,400		79,068

				220,719

Communications - 3.6%

Ciena Corp *		2,600		140,816
Discovery Inc ‘A’ *		5,006		105,627
E*TRADE Financial Corp		1,813		90,160

				336,603

Consumer, Cyclical - 8.9%

Alaska Air Group Inc		1,970		71,432
Best Buy Co Inc		1,660		144,868
Darden Restaurants Inc		1,100		83,347
Lululemon Athletica Inc *		785		244,928
Pool Corp		500		135,935
PulteGroup Inc		2,785		94,774
Williams-Sonoma Inc		800		65,608

				840,892

Consumer, Non-Cyclical - 26.1%

AmerisourceBergen Corp		1,255		126,466
Amicus Therapeutics Inc *		7,000		105,560
Booz Allen Hamilton Holding Corp		1,780		138,466
Euronet Worldwide Inc *		1,128		108,085
General Mills Inc		1,625		100,181
Hill-Rom Holdings Inc		1,030		113,073
Horizon Therapeutics PLC *		3,275		182,025
Ionis Pharmaceuticals Inc *		2,050		120,868
Jazz Pharmaceuticals PLC *		995		109,788
Lamb Weston Holdings Inc		1,700		108,681
ManpowerGroup Inc		1,125		77,344
MarketAxess Holdings Inc		310		155,285
Neurocrine Biosciences Inc *		1,010		123,220
Post Holdings Inc *		1,370		120,039
Quanta Services Inc		3,850		151,035
Service Corp International		3,750		145,838
Syneos Health Inc *		2,330		135,723
Teleflex Inc		500		181,990
The Cooper Cos Inc		530		150,329

				2,453,996

Energy - 2.3%

Cabot Oil & Gas Corp		3,191		54,821
Concho Resources Inc		1,800		92,700
Diamondback Energy Inc		1,679		70,216

				217,737

Financial - 16.2%

Alleghany Corp *		265		129,622
AvalonBay Communities Inc REIT		695		107,475
Boston Properties Inc REIT		995		89,928
Discover Financial Services		1,850		92,667
Douglas Emmett Inc REIT		3,685		112,982
Everest Re Group Ltd		455		93,821
Highwoods Properties Inc REIT		3,175		118,523
Hudson Pacific Properties Inc REIT		4,150		104,414


	Shares		Value
Mid-America Apartment Communities Inc REIT		1,066		$122,238
State Street Corp		1,850		117,567
TCF Financial Corp		3,725		109,590
The Hanover Insurance Group Inc		885		89,677
Western Alliance Bancorp		2,000		75,740
Willis Towers Watson PLC		815		160,514

				1,524,758

Industrial - 12.5%

Graphic Packaging Holding Co		5,700		79,743
Hubbell Inc		700		87,752
ITT Inc		1,800		105,732
Kansas City Southern		799		119,283
L3Harris Technologies Inc		910		154,400
Martin Marietta Materials Inc		605		124,975
Parker-Hannifin Corp		645		118,209
Stanley Black & Decker Inc		770		107,322
Textron Inc		2,855		93,958
Trane Technologies PLC		1,407		125,195
Westrock Co		2,300		64,998

				1,181,567

Technology - 20.3%

Box Inc ‘A’ *		3,765		78,161
Cerner Corp		2,100		143,955
Everbridge Inc *		440		60,878
J2 Global Inc *		1,360		85,966
Lam Research Corp		420		135,853
Leidos Holdings Inc		1,050		98,354
Nuance Communications Inc *		6,700		169,543
NXP Semiconductors NV (Netherlands)		1,024		116,777
RealPage Inc *		2,340		152,123
RingCentral Inc ‘A’ *		760		216,608
Skyworks Solutions Inc		1,245		159,186
Synopsys Inc *		1,195		233,025
Take-Two Interactive Software Inc *		1,055		147,246
Zebra Technologies Corp ‘A’ *		430		110,059

				1,907,734

Utilities - 5.7%

Ameren Corp		2,395		168,512
American Water Works Co Inc		1,435		184,627
CMS Energy Corp		3,085		180,226

				533,365


Total Common Stocks (Cost $8,321,063)				9,217,371


SHORT-TERM INVESTMENT - 1.4%

Money Market Fund - 1.4%

BlackRock Liquidity Funds T-Fund Portfolio ‘Institutional’ 0.110%		129,924		129,924


Total Short-Term Investment (Cost $129,924)				129,924


TOTAL INVESTMENTS - 99.3% (Cost $8,450,987)				9,347,295

OTHER ASSETS & LIABILITIES, NET - 0.7%				69,068


NET ASSETS - 100.0%				$9,416,363

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of June 30, 2020:


	Principal Amount		Value
CORPORATE BONDS & NOTES - 49.3%

Basic Materials - 1.1%

Anglo American Capital PLC (South Africa)
4.125% due 04/15/21 ~		$1,600,000		$1,627,291
5.375% due 04/01/25 ~		2,500,000		2,826,557
DuPont de Nemours Inc 1.502% (USD LIBOR + 1.110%) due 11/15/23 §		5,000,000		5,017,740
Glencore Funding LLC (Australia) 3.000% due 10/27/22 ~		1,600,000		1,652,784

				11,124,372

Communications - 2.6%

AT&T Inc
1.498% (USD LIBOR + 1.180%) due 06/12/24 §		7,750,000		7,768,316
3.000% due 06/30/22		3,200,000		3,343,114
eBay Inc
1.900% due 03/11/25		2,500,000		2,584,417
3.800% due 03/09/22		3,060,000		3,215,900
Sprint Spectrum Co LLC 3.360% due 03/20/23 ~		3,117,188		3,160,033
Verizon Communications Inc 1.321% (USD LIBOR + 1.000%) due 03/16/22 §		4,800,000		4,865,326

				24,937,106

Consumer, Cyclical - 4.1%

Alimentation Couche-Tard Inc (Canada) 2.700% due 07/26/22 ~		2,000,000		2,048,985
Daimler Finance North America LLC (Germany)
2.300% due 02/12/21 ~		3,600,000		3,625,264
3.750% due 11/05/21 ~		1,500,000		1,551,429
Ford Motor Credit Co LLC
1.636% (USD LIBOR + 1.080%) due 08/03/22 §		3,200,000		2,921,056
3.087% due 01/09/23		1,000,000		952,810
3.336% due 03/18/21		2,000,000		1,985,670
General Motors Financial Co Inc
1.618% (USD LIBOR + 1.310%) due 06/30/22 §		5,700,000		5,586,836
4.200% due 03/01/21		3,000,000		3,040,064
Hasbro Inc 3.150% due 05/15/21		1,520,000		1,543,415
Marriott International Inc 0.968% (USD LIBOR + 0.650%) due 03/08/21 §		3,000,000		2,971,474
NIKE Inc 2.400% due 03/27/25		1,500,000		1,614,245
Nissan Motor Acceptance Corp
0.916% (USD LIBOR + 0.650%) due 07/13/22 § ~		1,700,000		1,583,086
0.936% (USD LIBOR + 0.630%) due 09/21/21 § ~		2,500,000		2,403,142
Toyota Motor Credit Corp 2.900% due 03/30/23		3,000,000		3,182,183
Volkswagen Group of America Finance LLC (Germany) 3.875% due 11/13/20 ~		5,000,000		5,047,709

				40,057,368


	Principal Amount		Value
Consumer, Non-Cyclical - 7.9%

AbbVie Inc 2.150% due 11/19/21 ~		$6,100,000		$6,214,479
Anheuser-Busch InBev Finance Inc (Belgium) 3.300% due 02/01/23		3,416,000		3,614,113
Anheuser-Busch InBev Worldwide Inc (Belgium) 3.500% due 01/12/24		1,300,000		1,417,826
Anthem Inc 2.375% due 01/15/25		1,200,000		1,272,547
BAT Capital Corp (United Kingdom) 2.764% due 08/15/22		2,500,000		2,590,195
BAT International Finance PLC (United Kingdom) 3.500% due 06/15/22 ~		3,200,000		3,356,483
Bayer US Finance II LLC (Germany)
1.323% (USD LIBOR + 1.010%) due 12/15/23 § ~		2,000,000		1,999,550
3.500% due 06/25/21 ~		1,750,000		1,792,994
Bristol-Myers Squibb Co 2.900% due 07/26/24 ~		2,000,000		2,166,032
Cargill Inc 1.375% due 07/23/23 ~		1,000,000		1,017,676
Cigna Corp
2.109% (USD LIBOR + 0.890%) due 07/15/23 §		8,678,000		8,725,723
3.200% due 09/17/20		8,000,000		8,045,042
Constellation Brands Inc 1.092% (USD LIBOR + 0.700%) due 11/15/21 §		2,500,000		2,500,382
General Mills Inc 2.145% (USD LIBOR + 1.010%) due 10/17/23 §		7,061,000		7,099,946
Kellogg Co 2.650% due 12/01/23		1,500,000		1,591,179
Mondelez International Inc 2.125% due 04/13/23		1,650,000		1,710,081
PayPal Holdings Inc
1.350% due 06/01/23		1,750,000		1,787,677
2.200% due 09/26/22		7,500,000		7,766,270
Philip Morris International Inc 1.125% due 05/01/23		2,000,000		2,035,111
Smithfield Foods Inc 3.350% due 02/01/22 ~		2,500,000		2,482,189
Suntory Holdings Ltd (Japan) 2.250% due 10/16/24 ~		1,000,000		1,042,155
UnitedHealth Group Inc 2.375% due 10/15/22		4,400,000		4,588,385
Upjohn Inc 1.125% due 06/22/22 ~		2,050,000		2,062,010

				76,878,045


Energy - 1.9%

Energy Transfer Operating LP
3.600% due 02/01/23		3,400,000		3,518,575
4.250% due 03/15/23		1,519,000		1,605,316
Kinder Morgan Energy Partners LP 3.950% due 09/01/22		2,000,000		2,109,577
Kinder Morgan Inc 5.625% due 11/15/23 ~		915,000		1,034,187
Midwest Connector Capital Co LLC 3.625% due 04/01/22 ~		1,250,000		1,281,242
MPLX LP
1.213% (USD LIBOR + 0.900%) due 09/09/21 §		2,000,000		1,984,590
3.375% due 03/15/23		1,500,000		1,568,746
3.500% due 12/01/22		1,606,000		1,674,236


	Principal Amount		Value
Occidental Petroleum Corp 1.398% (USD LIBOR + 0.950%) due 02/08/21 §		$4,150,000		$4,088,805

				18,865,274

Financial - 25.2%

AerCap Ireland Capital DAC (Ireland) 3.950% due 02/01/22		960,000		960,759
AIG Global Funding 0.757% (USD LIBOR + 0.460%) due 06/25/21 § ~		2,000,000		2,003,607
Air Lease Corp
2.625% due 07/01/22		1,500,000		1,484,625
3.500% due 01/15/22		2,650,000		2,678,237
American Express Co 1.019% (USD LIBOR + 0.650%) due 02/27/23 §		5,000,000		5,012,500
Banco Santander SA (Spain)
2.706% due 06/27/24		2,900,000		3,049,821
2.746% due 05/28/25		1,250,000		1,296,260
Bank of America Corp
2.295% (USD LIBOR + 1.160%) due 01/20/23 §		9,321,000		9,408,355
2.503% due 10/21/22		600,000		614,427
Canadian Imperial Bank of Commerce (Canada)
0.898% (SOFR + 0.800%) due 03/17/23 §		1,200,000		1,193,591
Capital One Financial Corp
2.600% due 05/11/23		2,800,000		2,925,879
3.450% due 04/30/21		2,500,000		2,552,511
Capital One NA 2.150% due 09/06/22		2,000,000		2,055,454
Citibank NA 3.165% due 02/19/22		6,000,000		6,097,159
Citigroup Inc
1.951% (USD LIBOR + 0.960%) due 04/25/22 §		2,000,000		2,011,478
2.312% due 11/04/22		1,500,000		1,532,363
Citizens Bank NA 1.256% (USD LIBOR + 0.950%) due 03/29/23 §		4,000,000		4,006,779
Cooperatieve Rabobank UA (Netherlands) 1.144% (USD LIBOR + 0.860%) due 09/26/23 § ~		2,500,000		2,495,021
Credit Suisse AG (Switzerland) 1.000% due 05/05/23		1,750,000		1,760,353
Duke Realty LP REIT 3.875% due 10/15/22		2,000,000		2,117,112
Fifth Third Bank NA 1.800% due 01/30/23		5,000,000		5,137,604
HSBC Bank USA NA 4.875% due 08/24/20		4,000,000		4,025,449
Intercontinental Exchange Inc 3.450% due 09/21/23		2,200,000		2,387,187
Jackson National Life Global Funding
2.500% due 06/27/22 ~		1,850,000		1,910,054
3.300% due 02/01/22 ~		2,650,000		2,755,204
JPMorgan Chase & Co
1.891% (USD LIBOR + 0.900%) due 04/25/23 §		2,000,000		2,007,660
2.972% due 01/15/23		2,500,000		2,588,493
3.250% due 09/23/22		1,200,000		1,270,503
Metropolitan Life Global Funding I 3.450% due 10/09/21 ~		2,100,000		2,176,198
Mid-America Apartments LP REIT 4.300% due 10/15/23		2,000,000		2,197,891


	Principal Amount		Value
Mitsubishi UFJ Financial Group Inc (Japan)
1.084% (USD LIBOR + 0.740%) due 03/02/23 §		$5,300,000		$5,280,088
1.781% (USD LIBOR + 0.790%) due 07/25/22 §		4,000,000		4,014,994
2.623% due 07/18/22		1,050,000		1,090,373
Mitsubishi UFJ Trust & Banking Corp (Japan) 2.650% due 10/19/20 ~		6,000,000		6,040,663
Morgan Stanley
0.927% (SOFR + 0.830%) due 06/10/22 §		2,500,000		2,500,262
2.420% (USD LIBOR + 1.400%) due 10/24/23 §		1,500,000		1,516,172
5.750% due 01/25/21		3,458,000		3,561,661
New York Life Global Funding
0.706% (USD LIBOR + 0.440%) due 07/12/22 § ~		2,000,000		2,009,457
0.830% (USD LIBOR + 0.520%) due 06/10/22 § ~		2,000,000		2,003,319
3.250% due 08/06/21 ~		1,500,000		1,547,881
PNC Bank NA
0.685% (USD LIBOR + 0.325%) due 02/24/23 §		3,350,000		3,347,937
1.548% (USD LIBOR + 0.450%) due 07/22/22 §		1,900,000		1,904,507
Protective Life Global Funding 0.826% (USD LIBOR + 0.520%) due 06/28/21 § ~		3,000,000		3,007,527
Reliance Standard Life Global Funding II 2.150% due 01/21/23 ~		2,100,000		2,143,269
Royal Bank of Canada (Canada)
0.964% (USD LIBOR + 0.660%) due 10/05/23 §		6,000,000		6,012,634
3.700% due 10/05/23		400,000		437,301
State Street Corp 2.825% due 03/30/23 ~		2,000,000		2,076,498
Sumitomo Mitsui Financial Group Inc (Japan)
1.875% (USD LIBOR + 0.740%) due 01/17/23 §		3,130,000		3,120,693
1.976% (USD LIBOR + 0.800%) due 10/16/23 §		7,500,000		7,458,375
1.995% (USD LIBOR + 0.860%) due 07/19/23 §		5,000,000		4,984,574
2.784% due 07/12/22		2,500,000		2,605,315
Synchrony Bank 3.650% due 05/24/21		1,000,000		1,016,303
The Bank of New York Mellon Corp 2.100% due 10/24/24		3,000,000		3,163,524
The Goldman Sachs Group Inc
1.110% (USD LIBOR + 0.750%) due 02/23/23 §		7,089,000		7,058,451
3.625% due 02/20/24		2,300,000		2,503,853
The Toronto-Dominion Bank (Canada)
0.750% due 06/12/23		5,000,000		5,031,203
1.775% (USD LIBOR + 0.640%) due 07/19/23 §		10,000,000		10,030,212
Truist Bank
0.825% (SOFR + 0.730%) due 03/09/23 §		2,250,000		2,237,678
0.976% (USD LIBOR + 0.590%) due 05/17/22 §		10,000,000		10,033,172
1.146% (USD LIBOR + 0.590%) due 08/02/22 §		6,000,000		6,020,994
UBS AG (Switzerland) 1.750% due 04/21/22 ~		2,250,000		2,293,063
UBS Group AG (Switzerland) 2.650% due 02/01/22 ~		2,500,000		2,575,625


	Principal Amount		Value
US Bank NA 0.800% (USD LIBOR + 0.440%) due 05/23/22 §		$10,000,000		$10,043,939
Ventas Realty LP REIT 2.650% due 01/15/25		1,650,000		1,656,871
Wells Fargo & Co
1.654% due 06/02/24		3,750,000		3,812,354
2.130% (USD LIBOR + 1.110%) due 01/24/23 §		9,800,000		9,854,909
2.625% due 07/22/22		7,000,000		7,295,888
Wells Fargo Bank NA 3.325% due 07/23/21		5,000,000		5,008,200
Westpac Banking Corp (Australia)
1.016% (USD LIBOR + 0.710%) due 06/28/22 §		2,750,000		2,769,996
1.112% (USD LIBOR + 0.720%) due 05/15/23 §		1,750,000		1,767,868
3.650% due 05/15/23		3,251,000		3,529,351

				246,079,488

Industrial - 2.0%
Carrier Global Corp 1.923% due 02/15/23 ~		4,800,000		4,900,215
John Deere Capital Corp
0.718% (USD LIBOR + 0.400%) due 06/07/21 §		3,000,000		3,008,618
0.803% (USD LIBOR + 0.490%) due 06/13/22 §		3,000,000		3,012,611
Otis Worldwide Corp
0.754% (USD LIBOR + 0.450%) due 04/05/23 § ~		1,400,000		1,385,179
2.056% due 04/05/25 ~		2,000,000		2,098,300
Ryder System Inc 2.500% due 09/01/24		2,000,000		2,065,257
The Boeing Co 4.508% due 05/01/23		3,000,000		3,169,780

				19,639,960

Technology - 2.1%
Apple Inc 0.750% due 05/11/23		2,450,000		2,477,563
Broadcom Inc 3.125% due 10/15/22 ~		6,000,000		6,255,034
Hewlett Packard Enterprise Co
0.998% (USD LIBOR + 0.680%) due 03/12/21 §		2,145,000		2,143,958
1.024% (USD LIBOR + 0.720%) due 10/05/21 §		2,100,000		2,096,405
Infor Inc 1.450% due 07/15/23 ~		1,000,000		1,009,005
Intuit Inc 0.650% due 07/15/23		1,700,000		1,704,335
Oracle Corp 2.500% due 04/01/25		2,450,000		2,637,996
VMware Inc 4.500% due 05/15/25		2,350,000		2,573,903

				20,898,199

Utilities - 2.4%
American Electric Power Co Inc 3.650% due 12/01/21		1,250,000		1,304,261
Consolidated Edison Co of New York Inc 0.697% (USD LIBOR + 0.400%) due 06/25/21 §		3,000,000		3,006,401


	Principal Amount		Value
Dominion Energy Inc
2.579% due 07/01/20		$3,100,000		$3,100,000
2.715% due 08/15/21		1,000,000		1,022,451
Edison International 4.950% due 04/15/25		1,500,000		1,651,118
Enel Finance International NV (Italy) 2.875% due 05/25/22 ~		2,500,000		2,587,161
Evergy Inc 2.450% due 09/15/24		4,176,000		4,417,169
Oncor Electric Delivery Co LLC 2.750% due 06/01/24		1,800,000		1,949,274
Pacific Gas and Electric Co 1.750% due 06/16/22		^4,500,000		4,518,270

				23,556,105


Total Corporate Bonds & Notes (Cost $473,883,091)				482,035,917


ASSET-BACKED SECURITIES - 8.7%

AIMCO CLO (Cayman) 2.069% (USD LIBOR + 0.850%) due 01/15/28 § ~		843,390		832,891
Ally Auto Receivables Trust
1.750% due 12/15/21		409,736		410,523
1.930% due 10/17/22		4,728,833		4,754,683
2.060% due 10/17/22		1,190,956		1,197,230
2.850% due 03/15/22		1,165,656		1,169,383
AmeriCredit Automobile Receivables Trust
0.494% (USD LIBOR + 0.300%) due 01/18/23 §		1,460,701		1,459,851
2.040% due 07/18/22		383,597		384,647
2.240% due 06/19/23		6,066,000		6,099,404
2.300% due 02/18/22		959,273		960,731
2.930% due 06/20/22		955,539		959,156
Carmax Auto Owner Trust 3.020% due 07/15/22		667,615		671,249
CNH Equipment Trust 2.960% due 05/16/22		1,451,739		1,459,926
Ford Credit Auto Owner Trust
0.425% (USD LIBOR + 0.240%) due 02/15/22 §		742,061		742,513
0.500% due 02/15/23		5,600,000		5,603,379
1.030% due 10/15/22		1,400,000		1,406,399
1.880% due 07/15/22		3,833,732		3,859,156
2.780% due 02/15/22		1,492,554		1,502,541
2.960% due 09/15/21		385,515		386,016
GM Financial Consumer Automobile Receivables Trust
0.425% (USD LIBOR + 0.230%) due 08/16/22 §		3,083,588		3,084,202
1.259% due 04/16/21		857,935		858,833
1.500% due 03/16/23		2,000,000		2,016,820
1.830% due 01/17/23		472,857		476,694
Honda Auto Receivables Owner Trust 0.740% due 11/15/22		1,000,000		1,003,199
Hyundai Auto Receivables Trust 1.930% due 07/15/22		2,056,303		2,073,435
Mercedes-Benz Auto Receivables Trust 2.040% due 06/15/22		2,670,595		2,692,328


	Principal Amount		Value
Navient Private Education Refi Loan Trust
0.535% (USD LIBOR + 0.350%) due 11/15/68 § ~		$640,041		$637,903
0.585% (USD LIBOR + 0.400%) due 12/15/59 § ~		3,406,790		3,396,792
1.800% due 01/15/69 ~		5,626,890		5,643,237
2.180% due 08/15/68 ~		1,460,711		1,469,206
Navient Student Loan Trust
0.515% (USD LIBOR + 0.330%) due 12/27/67 § ~		403,974		404,017
0.585% due 12/15/59 § ~		389,102		387,754
Nelnet Student Loan Trust
0.470% (USD LIBOR + 0.110%) due 08/23/27 §		522,686		521,648
1.371% (USD LIBOR + 0.380%) due 04/25/31 § ~		302,044		300,503
Nissan Auto Receivables Owner Trust
0.978% due 04/15/21		651,742		652,292
1.450% due 12/15/22		2,000,000		2,017,339
1.590% due 07/15/22		156,936		157,011
2.820% due 01/18/22		1,550,590		1,558,476
3.070% due 10/15/21		543,513		545,641
Santander Drive Auto Receivables Trust
2.280% due 02/15/22		1,168,147		1,170,111
2.460% due 03/15/22		271,482		271,792
2.580% due 05/16/22		39,665		39,702
2.630% due 07/15/22		968,651		970,717
SLC Student Loan Trust 0.413% (USD LIBOR + 0.100%) due 09/15/26 §		573,715		573,228
SLM Student Loan Trust
1.081% (USD LIBOR + 0.090%) due 01/26/26 §		899,601		894,357
1.091% (USD LIBOR + 0.100%) due 04/25/27 §		98,316		98,267
1.541% (USD LIBOR + 0.550%) due 04/27/26 § ~		134,578		134,589
SMB Private Education Loan Trust 0.535% (USD LIBOR + 0.350%) due 07/15/26 § ~		2,667,456		2,662,452
Toyota Auto Receivables Owner Trust
1.141% due 05/17/21		982,082		983,387
1.380% due 12/15/22		3,500,000		3,530,305
2.590% due 02/15/22		5,063,819		5,096,081
2.830% due 10/15/21		1,322,570		1,328,909
2.980% due 08/15/21		797,453		800,208
Verizon Owner Trust
1.920% due 12/20/21 ~		1,103,501		1,104,549
2.060% due 04/20/22 ~		1,206,117		1,211,629

Total Asset-Backed Securities (Cost $84,319,197)				84,627,291

U.S. TREASURY OBLIGATIONS - 33.1%

U.S. Treasury Notes - 33.1%

0.125% due 05/31/22		15,000,000		14,990,625
0.500% due 03/15/23		5,000,000		5,044,238


	Principal Amount		Value
1.125% due 02/28/22		$15,000,000		$15,240,234
1.375% due 01/31/22 ‡		27,000,000		27,516,270
1.500% due 01/15/23 ‡		30,000,000		31,010,157
1.625% due 06/30/21		18,000,000		18,263,320
1.750% due 03/31/22		20,000,000		20,555,078
1.750% due 07/15/22		10,000,000		10,323,633
1.750% due 06/30/24 ‡		10,000,000		10,609,570
1.750% due 07/31/24		10,000,000		10,620,313
2.000% due 01/15/21		10,000,000		10,099,414
2.000% due 07/31/22		10,000,000		10,383,398
2.250% due 03/31/21		15,000,000		15,236,719
2.500% due 12/31/20		20,000,000		20,233,985
2.625% due 02/28/23		2,100,000		2,237,074
2.750% due 11/30/20		70,000,000		70,757,422
2.875% due 11/15/21		29,000,000		30,076,738

				323,198,188

Total U.S. Treasury Obligations (Cost $315,979,048)				323,198,188

	Shares

SHORT-TERM INVESTMENTS - 4.5%

Money Market Fund - 0.1%

BlackRock Liquidity Funds T-Fund Portfolio ‘Institutional’ 0.110%		1,304,936		1,304,936


	Principal Amount

U.S. Treasury Bills - 4.4%

0.115% due 07/30/20		$8,000,000		7,999,243
0.144% due 05/20/21		35,000,000		34,955,251

				42,954,494


Total Short-Term Investments (Cost $44,242,192)				44,259,430


TOTAL INVESTMENTS - 95.6% (Cost $918,423,528)				934,120,826

DERIVATIVES - 4.2%				40,805,037


OTHER ASSETS & LIABILITIES, NET - 0.2%				1,832,274


NET ASSETS - 100.0%				$976,758,137

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of June 30, 2020:


	Shares		Value
COMMON STOCKS - 97.1%

Basic Materials - 3.7%

Axalta Coating Systems Ltd *		12,286		$277,049
Ferro Corp *		13,267		158,408
Ingevity Corp *		5,427		285,297
RPM International Inc		1,860		139,612

				860,366

Communications - 7.0%

8x8 Inc *		19,410		310,560
MakeMyTrip Ltd (India) *		7,347		112,556
PagerDuty Inc *		13,471		385,540
Proofpoint Inc *		1,899		211,017
Q2 Holdings Inc *		4,136		354,827
Zendesk Inc *		2,618		231,772

				1,606,272

Consumer, Cyclical - 8.5%

CTS Eventim AG & Co KGaA (Germany) *		3,455		144,266
DraftKings Inc ‘A’ *		4,168		138,628
Hella GmbH & Co KGaA (Germany)		2,045		84,006
Levi Strauss & Co ‘A’		6,344		85,010
Malibu Boats Inc ‘A’ *		3,834		199,176
Manchester United PLC ‘A’ (United Kingdom)		14,745		233,413
Ollie’s Bargain Outlet Holdings Inc *		2,983		291,290
Planet Fitness Inc ‘A’ *		2,519		152,576
Skechers USA Inc ‘A’ *		9,997		313,706
Thule Group AB (Sweden) * ~		4,499		114,237
Visteon Corp *		1,382		94,667
Vroom Inc *		1,948		101,569

				1,952,544

Consumer, Non-Cyclical - 31.8%

10X Genomics Inc ‘A’ *		1,057		94,401
Adaptive Biotechnologies Corp *		5,118		247,609
Aimmune Therapeutics Inc *		2,988		49,930
Amicus Therapeutics Inc *		15,168		228,733
Avalara Inc *		2,539		337,916
Bio-Techne Corp		618		163,195
Bioxcel Therapeutics Inc *		2,343		124,202
Boyd Group Services Inc (Canada)		1,255		186,799
Bridgebio Pharma Inc *		3,351		109,276
Bright Horizons Family Solutions Inc *		1,329		155,759
Charles River Laboratories International Inc *		1,499		261,351
Collegium Pharmaceutical Inc *		4,605		80,588
Evo Payments Inc *		7,872		179,718
Grocery Outlet Holding Corp *		8,778		358,142
Guardant Health Inc *		1,992		161,611
GW Pharmaceuticals PLC ADR (United Kingdom) *		1,328		162,972
HealthEquity Inc *		1,598		93,755
ICON PLC (Ireland) *		1,169		196,930
Immunomedics Inc *		3,774		133,751
Inari Medical Inc *		509		24,656
Inspire Medical Systems Inc *		983		85,541
iRhythm Technologies Inc *		1,553		179,977
Livongo Health Inc *		4,580		344,370
Masimo Corp *		506		115,363
Merit Medical Systems Inc *		5,036		229,893
MorphoSys AG ADR (Germany) *		4,424		140,108
Neurocrine Biosciences Inc *		905		110,410
Nevro Corp *		1,105		132,014


	Shares		Value
Optinose Inc *		12,294		$91,467
Orchard Therapeutics PLC (United Kingdom) *		4,073		24,438
OrthoPediatrics Corp *		4,472		195,695
Paylocity Holding Corp *		1,620		236,342
PRA Health Sciences Inc *		4,384		426,519
Principia Biopharma Inc *		1,537		91,897
Quidel Corp *		1,393		311,670
Ritchie Bros Auctioneers Inc (Canada)		3,126		127,697
Silk Road Medical Inc *		3,623		151,767
SpringWorks Therapeutics Inc *		3,915		164,430
STERIS PLC		936		143,620
Teladoc Health Inc *		584		111,451
Tricida Inc *		2,979		81,863
TriNet Group Inc *		4,416		269,111
Twist Bioscience Corp *		4,061		183,963

				7,300,900

Financial - 13.3%

Bank OZK		3,109		72,968
Big Yellow Group PLC REIT		15,876		197,615
CoreSite Realty Corp REIT		2,861		346,353
Hamilton Lane Inc ‘A’		4,128		278,103
Industrial Logistics Properties Trust REIT		11,486		236,037
Prosperity Bancshares Inc		2,940		174,577
QTS Realty Trust Inc ‘A’ REIT		8,124		520,667
Selectquote Inc *		8,019		203,121
Signature Bank		865		92,486
STAG Industrial Inc REIT		12,743		373,625
TMX Group Ltd (Canada)		2,707		267,649
Wintrust Financial Corp		3,323		144,949
WisdomTree Investments Inc		41,686		144,650

				3,052,800

Industrial - 14.7%

Casella Waste Systems Inc ‘A’ *		5,208		271,441
CryoPort Inc *		5,811		175,783
Generac Holdings Inc *		3,057		372,740
Gerresheimer AG (Germany)		3,445		318,370
Knight-Swift Transportation Holdings Inc		5,551		231,532
Kratos Defense & Security Solutions Inc *		16,530		258,364
Littelfuse Inc		1,434		244,683
PerkinElmer Inc		1,644		161,260
Schneider National Inc ‘B’		11,212		276,600
Sensata Technologies Holding PLC *		5,292		197,021
StealthGas Inc (Greece) *		12,914		35,901
Summit Materials Inc ‘A’ *		22,267		358,053
The AZEK Co Inc *		7,633		243,187
Trex Co Inc *		1,833		238,418

				3,383,353

Technology - 18.1%

Altair Engineering Inc *		4,839		192,350
Box Inc ‘A’ *		18,750		389,250
Brooks Automation Inc		2,649		117,192
CACI International Inc ‘A’ *		1,651		358,069
Clarivate PLC (United Kingdom) *		7,186		160,463
Everbridge Inc *		2,667		369,006
ExlService Holdings Inc *		4,494		284,920
Five9 Inc *		1,750		193,673
Health Catalyst Inc *		6,405		186,834
Monolithic Power Systems Inc		613		145,281
Ping Identity Holding Corp *		11,666		374,362
Rapid7 Inc *		9,249		471,884
RealPage Inc *		4,180		271,742
Schrodinger Inc *		1,271		116,385


	Shares		Value
Silicon Laboratories Inc *		1,722		$172,665
WNS Holdings Ltd ADR (India) *		6,654		365,837

				4,169,913


Total Common Stocks (Cost $18,881,971)				22,326,148


SHORT-TERM INVESTMENT - 2.8%

Money Market Fund - 2.8%

BlackRock Liquidity Funds T-Fund Portfolio ‘Institutional’ 0.110%		652,363		652,363


Total Short-Term Investment (Cost $652,363)				652,363


TOTAL INVESTMENTS - 99.9% (Cost $19,534,334)				22,978,511

OTHER ASSETS & LIABILITIES, NET - 0.1%				18,784


NET ASSETS - 100.0%				$22,997,295

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of June 30, 2020:


	Shares		Value
COMMON STOCKS - 97.4%

Basic Materials - 2.0%

Carpenter Technology Corp		11,939		$289,879
GCP Applied Technologies Inc *		846		15,719
Orion Engineered Carbons SA (Luxembourg)		33,991		359,965

				665,563

Communications - 3.5%

A10 Networks Inc *		29,416		200,323
Casa Systems Inc *		78,598		326,968
Criteo SA ADR (France) *		27,878		317,530
Extreme Networks Inc *		48,074		208,641
Houghton Mifflin Harcourt Co *		52,394		94,833

				1,148,295

Consumer, Cyclical - 20.8%

Blue Bird Corp *		10,505		157,470
Callaway Golf Co		29,334		513,638
Citi Trends Inc		17,544		354,740
Crocs Inc *		9,651		355,350
Dana Inc		38,930		474,557
El Pollo Loco Holdings Inc *		38,093		562,253
Foot Locker Inc		6,460		188,374
KB Home		16,930		519,412
Knoll Inc		12,414		151,327
Malibu Boats Inc ‘A’ *		7,849		407,755
Oxford Industries Inc		6,433		283,116
Papa John’s International Inc		7,066		561,111
Regis Corp *		37,370		305,687
Ruth’s Hospitality Group Inc		34,398		280,688
Skechers U.S.A. Inc ‘A’ *		7,989		250,695
SkyWest Inc		9,059		295,505
Taylor Morrison Home Corp *		16,478		317,861
The Shyft Group Inc		27,251		458,907
Williams-Sonoma Inc		5,070		415,791

				6,854,237

Consumer, Non-Cyclical - 7.1%

ICON PLC (Ireland) *		2,382		401,272
Molina Healthcare Inc *		2,727		485,351
Nomad Foods Ltd (United Kingdom) *		22,114		474,345
Primo Water Corp		30,608		420,860
The Hain Celestial Group Inc *		18,159		572,190

				2,354,018

Energy - 2.7%

Dril-Quip Inc *		10,720		319,349
Helix Energy Solutions Group Inc *		82,470		286,171
MRC Global Inc *		47,716		282,001

				887,521

Financial - 34.9%

1st Source Corp		8,632		307,126
Armada Hoffler Properties Inc REIT		20,572		204,691
Associated Banc-Corp		27,462		375,680
Bank of Marin Bancorp		8,178		272,573
BankUnited Inc		25,648		519,372
Carter Bank & Trust		29,374		237,048
City Office REIT Inc		26,304		264,618
Cousins Properties Inc REIT		12,306		367,088


	Shares		Value
Essent Group Ltd		9,844		$357,042
First American Financial Corp		6,699		321,686
HarborOne Bancorp Inc *		39,822		340,080
Heritage Financial Corp		17,210		344,200
IBERIABANK Corp		8,072		367,599
Independence Realty Trust Inc REIT		37,486		430,714
Independent Bank Group Inc		11,319		458,646
Moelis & Co ‘A’		12,314		383,704
National Storage Affiliates Trust REIT		9,986		286,199
Pacific Premier Bancorp Inc		13,079		283,553
Physicians Realty Trust REIT		24,171		423,476
RLJ Lodging Trust REIT		29,170		275,365
Sandy Spring Bancorp Inc		13,083		324,197
Selective Insurance Group Inc		7,315		385,793
STAG Industrial Inc REIT		18,202		533,683
State Auto Financial Corp		7,817		139,533
Sterling Bancorp		25,273		296,199
Synovus Financial Corp		18,730		384,527
Texas Capital Bancshares Inc *		10,411		321,388
The Hanover Insurance Group Inc		3,450		349,588
TriCo Bancshares		12,449		379,072
Umpqua Holdings Corp		37,580		399,851
Webster Financial Corp		12,823		366,866
WSFS Financial Corp		14,807		424,961
Zions Bancorp NA		10,367		352,478

				11,478,596

Industrial - 15.1%

AAR Corp		11,597		239,710
Belden Inc		12,254		398,868
Cactus Inc ‘A’		16,690		344,315
EnerSys		6,393		411,581
GATX Corp		1,162		70,859
Graphic Packaging Holding Co		21,590		302,044
Hub Group Inc ‘A’ *		500		23,930
Kennametal Inc		19,308		554,333
Masonite International Corp *		6,992		543,838
Primoris Services Corp		22,118		392,816
Regal Beloit Corp		6,295		549,679
Terex Corp		16,807		315,467
Trinseo SA		9,059		200,747
TTM Technologies Inc *		25,743		305,312
Vishay Intertechnology Inc		21,087		321,998

				4,975,497

Technology - 8.2%

CommVault Systems Inc *		10,439		403,989
CSG Systems International Inc		4,522		187,166
Kulicke & Soffa Industries Inc (Singapore)		13,090		272,665
MagnaChip Semiconductor Corp (South Korea) *		22,802		234,861
MaxLinear Inc *		11,937		256,168
NCR Corp *		13,513		234,045
NetScout Systems Inc *		13,096		334,734
Unisys Corp *		24,590		268,277
Verint Systems Inc *		4,263		192,602
WNS Holdings Ltd ADR (India) *		5,875		323,007

				2,707,514


	Shares		Value
Utilities - 3.1%

Black Hills Corp		5,439		$308,174
PNM Resources Inc		8,892		341,808
Southwest Gas Holdings Inc		5,210		359,750

				1,009,732


Total Common Stocks (Cost $33,023,585)				32,080,973


SHORT-TERM INVESTMENT - 2.5%

Money Market Fund - 2.5%

BlackRock Liquidity Funds T-Fund Portfolio ‘Institutional’ 0.110%		802,620		802,620


Total Short-Term Investment (Cost $802,620)				802,620


TOTAL INVESTMENTS - 99.9% (Cost $33,826,205)				32,883,593

OTHER ASSETS & LIABILITIES, NET - 0.1%				45,095


NET ASSETS - 100.0%				$32,928,688

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of June 30, 2020:


	Shares		Value
PREFERRED STOCKS - 2.4%

Brazil - 2.4%

Itau Unibanco Holding SA ADR		238,745		$1,119,714
Lojas Americanas SA		265,029		1,574,159

				2,693,873

India - 0.0%

Zee Entertainment Enterprises Ltd 6.000% due 03/05/22		390,884		18,180


Total Preferred Stocks (Cost $1,985,129)				2,712,053


COMMON STOCKS - 94.4%

Brazil - 4.3%

Ambev SA		202,425		531,551
Ambev SA ADR		35,055		92,545
Atacadao SA		97,524		358,849
B3 SA - Brasil Bolsa Balcao		111,093		1,137,671
Pagseguro Digital Ltd ‘A’ *		30,343		1,072,322
Vale SA ADR		172,384		1,777,279

				4,970,217

Chile - 0.8%

Falabella SA		300,953		952,615


China - 33.8%

Alibaba Group Holding Ltd ADR *		27,503		5,932,397
Budweiser Brewing Co APAC Ltd ~		373,600		1,093,689
Hansoh Pharmaceutical Group Co Ltd * ~		138,000		652,659
Huazhu Group Ltd ADR		99,064		3,472,193
Innovent Biologics Inc * ~		136,000		1,012,207
Jiangsu Hengrui Medicine Co Ltd ‘A’		206,193		2,694,744
Meituan Dianping ‘B’ *		54,100		1,208,939
New Oriental Education & Technology Group Inc ADR *		2,247		292,627
OneConnect Financial Technology Co Ltd ADR *		46,897		856,339
Ping An Insurance Group Co of China Ltd ‘A’		346,271		3,504,610
Tencent Holdings Ltd ADR		144,281		9,245,225
Wuxi Biologics Cayman Inc * ~		21,500		394,646
Yum China Holdings Inc		91,347		4,391,050
ZTO Express Cayman Inc ADR		105,488		3,872,464

				38,623,789

Colombia - 0.3%

Grupo Aval Acciones y Valores SA ADR		87,457		381,312


Egypt - 0.7%

Commercial International Bank Egypt SAE		210,737		843,233


France - 5.7%

Kering SA		11,797		6,449,616
LVMH Moet Hennessy Louis Vuitton SE		100		44,149

				6,493,765


	Shares		Value
Hong Kong - 5.4%

AIA Group Ltd		554,800		$5,191,599
Jardine Strategic Holdings Ltd		43,570		939,853

				6,131,452

India - 11.1%

HDFC Bank Ltd		82,105		1,154,029
Housing Development Finance Corp Ltd		191,822		4,460,269
Kotak Mahindra Bank Ltd		206,448		3,726,390
Oberoi Realty Ltd		74,345		359,484
Tata Consultancy Services Ltd		91,515		2,519,182
Zee Entertainment Enterprises Ltd		185,526		421,467

				12,640,821

Indonesia - 1.3%

P.T. Bank Central Asia Tbk		482,600		965,587
P.T. Indocement Tunggal Prakarsa Tbk *		323,418		268,474
P.T. Semen Indonesia Persero Tbk		380,800		258,002

				1,492,063

Italy - 2.0%

Brunello Cucinelli SPA *		82		2,443
Moncler SPA *		26,024		1,000,710
PRADA SPA *		370,400		1,294,282

				2,297,435

Mexico - 5.0%

Alsea SAB de CV *		239,740		235,834
Fomento Economico Mexicano SAB de CV		392,477		2,436,194
Fomento Economico Mexicano SAB de CV ADR		9,985		619,170
Grupo Aeroportuario del Sureste SAB de CV ‘B’		38,823		434,942
Grupo Financiero Inbursa SAB de CV ‘O’ *		415,256		288,527
Grupo Mexico SAB de CV ‘B’		746,315		1,733,917

				5,748,584

Peru - 1.3%

Credicorp Ltd		10,956		1,464,488


Philippines - 2.6%

Ayala Land Inc		1,485,500		1,013,176
SM Investments Corp *		88,242		1,675,876
SM Prime Holdings Inc		464,756		298,910

				2,987,962

Russia - 9.0%

MMC Norilsk Nickel PJSC ADR		11,480		300,071
Novatek PJSC GDR		30,920		4,382,678
Polyus PJSC		1,204		202,305
Polyus PJSC GDR ~		4,125		346,971
Sberbank of Russia PJSC		815,321		2,330,951
Yandex NV ‘A’ *		53,991		2,700,630

				10,263,606

South Africa - 0.8%

FirstRand Ltd		426,992		938,990


	Shares		Value
South Korea - 2.7%

Amorepacific Corp		3,669		$513,210
AMOREPACIFIC Group		4,854		210,166
Samsung Biologics Co Ltd * ~		3,724		2,415,973

				3,139,349

Switzerland - 0.6%

Cie Financiere Richemont SA		10,495		676,931


Taiwan - 6.4%

Taiwan Semiconductor Manufacturing Co Ltd		688,995		7,358,136


Turkey - 0.6%

Akbank T.A.S. *		707,719		627,844


Total Common Stocks (Cost $72,897,397)				108,032,592


SHORT-TERM INVESTMENT - 2.3%

Money Market Fund - 2.3%

BlackRock Liquidity Funds T-Fund Portfolio ‘Institutional’ 0.110%		2,694,906		2,694,906


Total Short-Term Investment (Cost $2,694,906)				2,694,906


TOTAL INVESTMENTS - 99.1% (Cost $77,577,432)				113,439,551

OTHER ASSETS & LIABILITIES, NET - 0.9%				980,425


NET ASSETS - 100.0%				$114,419,976

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of June 30, 2020:


	Shares		Value
COMMON STOCKS - 98.4%

Australia - 1.0%

Rio Tinto PLC		8,257		$464,674


Belgium - 1.3%

KBC Group NV		10,922		627,480


Brazil - 0.3%

Ambev SA ADR		60,505		159,733


Canada - 2.7%

Canadian National Railway Co		10,343		916,079
Suncor Energy Inc		21,635		364,780

				1,280,859

China - 1.6%

Tencent Holdings Ltd		5,700		365,244
Yum China Holdings Inc		8,413		404,413

				769,657

Denmark - 2.9%

Carlsberg AS ‘B’		2,763		366,396
Novo Nordisk AS ‘B’		15,516		1,010,832

				1,377,228

France - 18.0%

Air Liquide SA		9,811		1,418,535
Capgemini SE		4,916		567,311
Danone SA *		11,021		764,999
Dassault Systemes SE		1,621		281,393
Engie SA *		37,042		459,390
EssilorLuxottica SA *		4,180		537,581
Hermes International		157		131,818
L’Oreal SA *		1,980		639,035
Legrand SA		5,950		452,094
LVMH Moet Hennessy Louis Vuitton SE		2,105		929,343
Pernod Ricard SA		5,057		796,304
Schneider Electric SE		14,596		1,623,604

				8,601,407

Germany - 9.8%

Bayer AG		12,995		963,231
Beiersdorf AG		8,467		962,814
Deutsche Boerse AG		3,201		579,304
Merck KGaA		4,822		561,509
MTU Aero Engines AG *		1,346		234,338
SAP SE		9,901		1,384,049

				4,685,245

Hong Kong - 2.7%

AIA Group Ltd		137,826		1,289,721


India - 2.1%

Housing Development Finance Corp Ltd		15,812		367,663
Tata Consultancy Services Ltd		23,229		639,437

				1,007,100


	Shares		Value
Ireland - 0.9%

Ryanair Holdings PLC ADR *		6,066		$402,418


Israel - 1.3%

Check Point Software Technologies Ltd *		5,633		605,153


Italy - 1.5%

Eni SPA		27,943		267,861
Intesa Sanpaolo SPA *		221,981		426,577

				694,438

Japan - 15.8%

Daikin Industries Ltd		6,200		1,003,160
Denso Corp		6,100		239,224
FANUC Corp		1,000		179,270
Hitachi Ltd		20,400		648,411
Hoya Corp		11,800		1,129,956
Japan Tobacco Inc		22,800		423,459
Koito Manufacturing Co Ltd		5,800		234,666
Kubota Corp		41,200		616,300
Kyocera Corp		10,600		578,596
Olympus Corp		53,500		1,030,009
Shin-Etsu Chemical Co Ltd		2,600		305,140
SMC Corp		400		205,568
Terumo Corp		24,600		936,344

				7,530,103

Netherlands - 3.7%

Akzo Nobel NV		6,901		619,987
ING Groep NV		43,054		300,124
Koninklijke Philips NV *		9,992		466,102
Randstad NV		8,646		386,604

				1,772,817

Portugal - 0.5%

Galp Energia SGPS SA		19,295		223,821


Singapore - 1.0%

DBS Group Holdings Ltd		30,000		451,405


Spain - 1.5%

Amadeus IT Group SA		13,921		730,879


Sweden - 0.9%

Essity AB ‘B’ *		13,878		449,944


Switzerland - 15.1%

Alcon Inc *		1,982		113,884
Cie Financiere Richemont SA		5,844		376,940
Julius Baer Group Ltd		7,596		319,014
Nestle SA		18,039		1,999,995
Novartis AG		9,917		863,980
Roche Holding AG		5,069		1,756,153
Sika AG		1,909		368,003
UBS Group AG		62,878		726,182
Zurich Insurance Group AG		1,890		669,685

				7,193,836


	Shares		Value
Taiwan - 1.4%

Taiwan Semiconductor Manufacturing Co Ltd ADR		12,029		$682,886


United Kingdom - 11.6%

Barclays PLC		133,855		188,842
Compass Group PLC		33,345		458,774
Diageo PLC		21,792		724,306
Experian PLC		30,159		1,058,543
Linde PLC		2,481		525,460
Reckitt Benckiser Group PLC		7,816		719,057
RELX PLC		24,599		569,319
RELX PLC		11,508		266,361
Rolls-Royce Holdings PLC *		62,422		220,387
Smiths Group PLC		17,243		301,440
Tesco PLC		176,063		495,204

				5,527,693

United States - 0.8%

QIAGEN NV *		9,012		388,190


Total Common Stocks (Cost $27,274,582)				46,916,687


SHORT-TERM INVESTMENT - 0.9%

Money Market Fund - 0.9%

BlackRock Liquidity Funds T-Fund Portfolio ‘Institutional’ 0.110%		442,094		442,094


Total Short-Term Investment (Cost $442,094)				442,094


TOTAL INVESTMENTS - 99.3% (Cost $27,716,676)				47,358,781

OTHER ASSETS & LIABILITIES, NET - 0.7%				312,874


NET ASSETS - 100.0%				$47,671,655

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of June 30, 2020:


	Shares		Value
COMMON STOCKS - 98.7%

Australia - 3.8%

Asaleo Care Ltd		103,554		$72,772
Charter Hall Long Wale REIT		32,598		97,245
Growthpoint Properties Australia Ltd REIT		43,250		96,195
IGO Ltd		35,912		122,534
IPH Ltd		17,393		90,461
Karoon Energy Ltd *		279,214		118,298
McMillan Shakespeare Ltd		18,545		117,235
Nanosonics Ltd *		24,597		116,638
Netwealth Group Ltd		9,000		56,177
Perseus Mining Ltd *		62,000		57,373
Pro Medicus Ltd		7,352		135,381
Select Harvests Ltd		19,181		83,842
Shopping Centres Australasia Property REIT		39,058		58,884

				1,223,035

Austria - 0.7%

ams AG *		6,159		91,822
AT&S Austria Technologie & Systemtechnik AG		2,573		46,451
BAWAG Group AG * ~		2,439		84,394

				222,667

Belgium - 0.8%

Bekaert SA		4,186		82,295
Euronav NV		8,000		64,590
KBC Ancora *		1,200		40,929
Orange Belgium SA		5,008		81,705

				269,519

Canada - 9.4%

Alaris Royalty Corp		4,600		43,879
B2Gold Corp		35,589		202,377
Canaccord Genuity Group Inc		18,339		93,343
Canadian Solar Inc *		5,638		108,644
Celestica Inc *		21,958		150,743
CI Financial Corp		6,052		76,987
Cogeco Inc		1,226		73,166
Cominar REIT		11,277		67,948
Corus Entertainment Inc ‘B’		40,006		84,279
Crescent Point Energy Corp		35,319		57,235
CT REIT		8,395		83,975
Dundee Precious Metals Inc		23,050		151,788
Empire Co Ltd ‘A’		3,800		90,997
Extendicare Inc		15,917		65,774
Genworth MI Canada Inc		3,042		74,414
H&R REIT		9,520		68,441
High Liner Foods Inc		14,270		60,965
Knight Therapeutics Inc *		17,744		91,752
Medical Facilities Corp		35,452		113,334
Parex Resources Inc *		9,688		116,747
Points International Ltd *		5,888		53,640
Polaris Infrastructure Inc		9,400		99,982
Precision Drilling Corp *		18,900		14,339
Real Matters Inc *		9,403		183,406
Ritchie Bros Auctioneers Inc		4,032		164,149
SEMAFO Inc *		44,125		150,485
Seven Generations Energy Ltd ‘A’ *		8,000		17,855
TFI International Inc		2,200		78,092
Torex Gold Resources Inc *		7,950		125,258
Westshore Terminals Investment Corp		6,000		73,851


	Shares		Value
Yamana Gold Inc		29,035		$157,836

				2,995,681

China - 0.7%

Gemdale Properties & Investment Corp Ltd		629,886		117,437
S-Enjoy Service Group Co Ltd *		36,000		92,995

				210,432

Denmark - 1.9%

NKT AS *		3,605		80,858
Pandora AS		2,577		140,742
Royal Unibrew AS *		1,700		141,715
Scandinavian Tobacco Group AS ~		6,500		95,983
SimCorp AS		755		81,655
Spar Nord Bank AS *		6,975		55,590

				596,543

Egypt - 0.5%

Centamin PLC		77,666		177,286


Finland - 1.8%

Huhtamaki Oyj *		2,276		90,040
Outokumpu Oyj *		29,359		84,068
Tokmanni Group Corp		6,829		101,311
Uponor Oyj		9,530		129,062
Valmet Oyj		6,315		165,514

				569,995

France - 3.0%

Atos SE *		2,132		182,782
Criteo SA ADR *		2,700		30,753
Eiffage SA *		1,000		91,666
Elior Group SA ~		10,630		60,815
Eutelsat Communications SA		2,809		25,984
Klepierre SA REIT		4,585		91,648
Metropole Television SA *		6,339		71,704
SCOR SE *		4,827		133,313
Teleperformance		217		55,266
Trigano SA		1,297		136,483
Virbac SA *		437		95,788

				976,202

Georgia - 0.2%

Bank of Georgia Group PLC *		5,456		72,752


Germany - 7.7%

AIXTRON SE *		10,517		126,824
Brenntag AG		3,870		205,187
Cewe Stiftung & Co KGaA		748		82,712
Deutsche Pfandbriefbank AG * ~		10,085		73,790
DIC Asset AG *		6,254		84,021
DWS Group GmbH & Co KGaA ~		3,354		122,209
Eckert & Ziegler Strahlen- und Medizintechnik AG		608		101,826
GEA Group AG		5,947		188,747
GFT Technologies SE		9,664		117,474
HelloFresh SE *		3,981		212,962
JOST Werke AG * ~		2,685		90,648
LANXESS AG *		2,900		153,356
LEG Immobilien AG *		900		114,152
LPKF Laser & Electronics AG		5,085		110,347
MorphoSys AG *		978		123,997
Software AG		3,416		137,973


	Shares		Value
TAG Immobilien AG		5,542		$132,365
Talanx AG		2,054		76,335
Telefonica Deutschland Holding AG		26,122		77,038
Wacker Chemie AG *		1,892		130,091

				2,462,054

Hong Kong - 1.2%

Dah Sing Financial Holdings Ltd		22,656		63,780
Hysan Development Co Ltd		28,917		93,351
K Wah International Holdings Ltd		186,470		80,763
Shun Tak Holdings Ltd		217,390		81,394
Stella International Holdings Ltd		65,665		67,347

				386,635

Ireland - 0.8%

Fly Leasing Ltd ADR *		8,000		65,680
Greencore Group PLC		50,486		78,537
Hibernia REIT PLC		85,559		108,018

				252,235

Israel - 1.0%

AudioCodes Ltd		4,201		133,550
Gazit-Globe Ltd		9,048		42,857
Plus500 Ltd		7,952		129,702

				306,109

Italy - 2.4%

ACEA SPA		5,319		102,272
Avio SPA *		5,606		96,573
Banca Farmafactoring SPA * ~		9,373		53,405
Banca IFIS SPA *		6,401		61,841
Banca Sistema SPA * ~		54,623		89,752
Enav SPA ~		18,184		82,142
Esprinet SPA *		19,958		84,763
Sesa SPA		1,770		107,408
Unipol Gruppo SPA *		23,729		92,697

				770,853

Japan - 23.6%

Altech Corp		5,100		90,196
Aoyama Trading Co Ltd		2,800		19,110
Asahi Co Ltd		8,400		116,210
ASKUL Corp		2,700		86,724
Capcom Co Ltd		2,500		91,509
Citizen Watch Co Ltd		9,700		31,620
Cybernet Systems Co Ltd		14,500		90,320
Daiichikosho Co Ltd		2,500		74,797
Denka Co Ltd		2,200		53,922
Dexerials Corp		12,300		96,963
DMG Mori Co Ltd		5,200		63,539
Doshisha Co Ltd		6,000		90,820
Eagle Industry Co Ltd		4,500		30,221
EPS Holdings Inc		7,400		71,053
ESPEC Corp		5,400		89,701
FCC Co Ltd		5,100		87,684
Financial Products Group Co Ltd		13,800		76,464
Foster Electric Co Ltd		9,200		90,048
Fuji Media Holdings Inc		3,000		29,001
Fukui Computer Holdings Inc		4,600		116,857
FULLCAST Holdings Co Ltd		5,000		66,700
Furyu Corp		9,700		93,288
Gakujo Co Ltd		6,500		72,405


	Shares		Value
Glory Ltd		2,900		$66,150
Hokuto Corp		4,400		82,811
Invincible Investment Corp REIT		100		25,956
IR Japan Holdings Ltd		1,500		158,076
Izumi Co Ltd		2,700		85,589
Joyful Honda Co Ltd		6,100		80,510
Kaken Pharmaceutical Co Ltd		2,200		112,664
Kamigumi Co Ltd		4,000		78,666
Kato Sangyo Co Ltd		2,100		68,819
Kenedix Inc		22,900		113,177
Kissei Pharmaceutical Co Ltd		1,500		37,896
Kito Corp		3,800		47,657
Kozo Keikaku Engineering Inc		2,900		71,358
Kyoei Steel Ltd		2,000		24,131
Kyudenko Corp		3,300		97,409
Lacto Japan Co Ltd		2,600		89,253
Marvelous Inc		14,900		97,081
Meitec Corp		2,000		96,762
Mitsui E&S Holdings Co Ltd *		5,300		20,458
Mitsui Matsushima Holdings Co Ltd		9,400		73,938
Mochida Pharmaceutical Co Ltd		2,300		85,706
Morinaga & Co Ltd		1,800		69,900
NichiiGakkan Co Ltd		4,632		71,661
Nihon Unisys Ltd		2,500		78,603
Nikkon Holdings Co Ltd		4,200		83,502
Nippon Carbon Co Ltd		2,300		73,771
Nippon Electric Glass Co Ltd		1,900		29,846
Nippon Gas Co Ltd		2,400		103,193
Nippon Piston Ring Co Ltd		5,100		57,226
NIPPON REIT Investment Corp		37		119,606
Nippon Yakin Kogyo Co Ltd		3,450		51,407
Nishio Rent All Co Ltd		3,400		70,260
Noevir Holdings Co Ltd		1,500		64,129
Obara Group Inc		3,200		97,619
Okamoto Industries Inc		2,400		88,525
Optorun Co Ltd		3,400		79,690
OSJB Holdings Corp		21,900		47,062
PAL GROUP Holdings Co Ltd		6,300		75,996
Prima Meat Packers Ltd		3,500		93,998
Riso Kyoiku Co Ltd		26,400		79,769
Roland DG Corp		2,300		26,442
Ryosan Co Ltd		3,200		65,962
Sangetsu Corp		5,500		77,882
Sanki Engineering Co Ltd		6,500		74,511
Sankyo Co Ltd		2,200		53,252
Sankyu Inc		1,900		71,612
Sanwa Holdings Corp		11,600		104,244
Sawai Pharmaceutical Co Ltd		1,900		97,656
Seikagaku Corp		7,700		80,893
Shinoken Group Co Ltd		6,700		54,189
Ship Healthcare Holdings Inc		2,800		117,183
Star Micronics Co Ltd		7,000		78,265
Starts Proceed Investment Corp REIT		48		91,451
Sumitomo Mitsui Construction Co Ltd		10,100		44,043
Sumitomo Osaka Cement Co Ltd		2,600		91,611
Sumitomo Seika Chemicals Co Ltd		3,100		100,983
Taikisha Ltd		2,900		80,378
Takara Leben Co Ltd		10,800		36,214
Tama Home Co Ltd		6,800		77,753
The Okinawa Electric Power Co Inc		5,781		96,279
Toho Zinc Co Ltd *		1,500		21,478
Tokyo Electron Device Ltd		3,200		106,729
Tokyo Individualized Educational Institute Inc		14,400		69,203
Tokyo Steel Manufacturing Co Ltd		12,200		70,259
Tokyu Construction Co Ltd		6,400		33,251
Tomy Co Ltd		8,700		68,782
Tosei Corp		8,400		88,857
Towa Pharmaceutical Co Ltd		2,100		38,895


	Shares		Value
Toyo Corp		8,700		$80,159
Toyo Kanetsu KK		2,200		43,250
TS Tech Co Ltd		3,400		93,724
Ube Industries Ltd		1,700		29,299
ValueCommerce Co Ltd		5,700		153,276
Warabeya Nichiyo Holdings Co Ltd		4,500		70,922
Yamaguchi Financial Group Inc		15,200		93,407
Yuasa Trading Co Ltd		3,800		102,724
Zeon Corp		9,400		86,809

				7,550,809

Jordan - 0.4%

Hikma Pharmaceuticals PLC		4,935		135,421


Kyrgyzstan - 0.5%

Centerra Gold Inc		13,494		150,585


Luxembourg - 0.4%

APERAM SA		4,272		119,762


Netherlands - 3.1%

ASM International NV		1,391		214,139
ASR Nederland NV		4,651		143,098
BE Semiconductor Industries NV		3,222		142,862
Heijmans NV *		11,841		89,132
Intertrust NV ~		5,702		97,117
SBM Offshore NV		8,330		122,746
Signify NV * ~		4,505		115,823
Vastned Retail NV REIT		3,619		77,454

				1,002,371

Norway - 0.8%

Europris ASA ~		27,028		131,028
Grieg Seafood ASA		8,061		82,866
SpareBank 1 SMN		5,000		40,890

				254,784

Singapore - 1.3%

AEM Holdings Ltd		61,600		140,231
Ascendas India Trust		67,200		65,163
First REIT		141,400		70,965
Hi-P International Ltd		46,900		36,037
UMS Holdings Ltd		149,000		96,826

				409,222

South Korea - 5.9%

Binggrae Co Ltd		1,939		97,624
Com2uSCorp		1,113		109,183
Dong-A ST Co Ltd		1,120		81,037
DY POWER Corp		3,701		31,862
F&F Co Ltd		972		75,000
Handsome Co Ltd		4,132		121,167
Hanwha Aerospace Co Ltd *		1,400		28,857
Huchems Fine Chemical Corp		5,544		73,862
Hyundai Wia Corp		1,098		31,967
InBody Co Ltd		2,000		26,763
Interflex Co Ltd *		10,827		115,376
INTOPS Co Ltd		9,706		90,151
JW Life Science Corp		2,225		35,698
KEPCO Plant Service & Engineering Co Ltd		2,864		69,562
Korea Circuit Co Ltd *		14,569		158,597
Korea Petrochemical Ind Co Ltd		319		30,241


	Shares		Value
Korean Reinsurance Co		14,266		$87,735
Kumho Petrochemical Co Ltd		1,832		114,572
LG Hausys Ltd		2,516		135,486
Poongsan Corp		5,735		105,322
Seegene Inc		1,100		102,444
SK Discovery Co Ltd		1,773		58,201
Tovis Co Ltd		14,490		80,752
Value Added Technology Co Ltd		2,433		41,456

				1,902,915

Spain - 2.7%

Acerinox SA		8,754		71,172
Atlantica Sustainable Infrastructure PLC		3,682		107,146
Cia de Distribucion Integral Logista Holdings SA		5,348		100,189
Enagas SA		6,275		153,508
Faes Farma SA		15,859		64,660
Lar Espana Real Estate Socimi SA REIT		15,262		79,647
Sacyr SA		20,762		43,254
Talgo SA * ~		13,258		63,181
Vidrala SA		587		55,975
Viscofan SA		1,965		128,265

				866,997

Sweden - 5.5%

Axfood AB		3,547		77,545
Betsson AB *		22,956		160,044
Bilia AB ‘A’ *		5,583		45,239
Evolution Gaming Group AB ~		2,600		154,429
Inwido AB *		14,876		103,797
JM AB		4,114		93,103
Kungsleden AB		12,817		95,926
Lindab International AB		10,819		127,525
NCC AB ‘B’		6,506		105,762
Orexo AB *		11,218		89,478
Pricer AB ‘B’		45,574		120,381
Resurs Holding AB ~		7,550		31,145
Sectra AB ‘B’		1,840		104,851
Sweco AB ‘B’		3,443		155,416
Tethys Oil AB		15,692		77,086
Trelleborg AB ‘B’ *		6,416		94,134
Wihlborgs Fastigheter AB		6,864		112,909

				1,748,770

Switzerland - 5.9%

Adecco Group AG		3,670		172,988
Allreal Holding AG		520		103,084
ALSO Holding AG		506		124,296
Baloise Holding AG		551		83,008
BKW AG		1,009		90,589
Cembra Money Bank AG		905		88,467
CRISPR Therapeutics AG *		1,890		138,896
Forbo Holding AG		69		100,167
Helvetia Holding AG		1,250		117,087
Huber + Suhner AG		1,389		97,676
Interroll Holding AG		46		93,061
Julius Baer Group Ltd		1,573		66,062
Landis+Gyr Group AG		650		42,107
Logitech International SA		3,533		231,515
PSP Swiss Property AG		1,093		123,111
Sonova Holding AG		1,046		209,383

				1,881,497


	Shares		Value
United Kingdom - 11.5%

4imprint Group PLC		3,101		$94,541
Aggreko PLC		15,981		87,887
Auto Trader Group PLC ~		23,856		155,320
B&M European Value Retail SA		23,000		113,215
Bellway PLC		4,446		140,032
boohoo Group PLC *		32,157		164,673
Computacenter PLC		6,798		137,778
Dialog Semiconductor PLC *		2,534		115,825
Drax Group PLC		41,870		133,625
Empiric Student Property PLC REIT		104,707		75,495
Fevertree Drinks PLC		2,437		61,777
Great Portland Estates PLC REIT		12,927		101,274
Howden Joinery Group PLC		21,815		149,349
IMI PLC		10,831		123,568
Inchcape PLC		16,971		103,136
Intermediate Capital Group PLC		10,701		170,721
Jupiter Fund Management PLC		12,000		38,050
Keller Group PLC		8,285		65,086
Man Group PLC		66,092		107,001
Mitchells & Butlers PLC *		17,751		41,335
Oxford Instruments PLC		5,182		92,092
Paragon Banking Group PLC		13,200		57,339
Quilter PLC ~		77,054		132,606
Reach PLC		56,257		53,992
Redrow PLC		17,309		92,310
Rightmove PLC		22,677		153,286
Rotork PLC		35,004		121,149
Safestore Holdings PLC REIT		12,573		113,327
Spirent Communications PLC		41,609		124,489
St Modwen Properties PLC		18,516		79,531
Stagecoach Group PLC		58,940		43,661
Tate & Lyle PLC		20,655		170,749
Team17 Group PLC *		11,507		77,993
Ultra Electronics Holdings PLC		4,338		106,976
Vistry Group PLC		11,111		97,866

				3,697,054

United States - 1.2%

Argonaut Gold Inc *		34,300		64,679
CyberArk Software Ltd *		790		78,423
IMAX Corp *		6,698		75,085
Inmode Ltd *		3,226		91,360
Oxford Immunotec Global PLC *		6,814		88,582

				398,129


Total Common Stocks (Cost $26,621,606)				31,610,314

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of June 30, 2020:


	Shares		Value
COMMON STOCKS - 97.1%

Argentina - 0.3%

YPF SA ADR		19,682		$113,171


Austria - 0.6%

Erste Group Bank AG *		9,258		218,652


Belgium - 0.8%

Ageas SA		9,218		326,682


Canada - 3.4%

ARC Resources Ltd		19,046		63,973
Barrick Gold Corp		27,321		735,147
Cameco Corp		12,883		132,051
Kinross Gold Corp *		47,350		341,867
Tourmaline Oil Corp		10,218		89,340

				1,362,378

China - 4.3%

China Mobile Ltd		73,225		494,420
China Telecom Corp Ltd ‘H’		1,344,893		377,776
China Unicom Hong Kong Ltd		824,808		448,775
Dongfeng Motor Group Co Ltd ‘H’		646,302		389,781

				1,710,752

Denmark - 1.5%

AP Moller - Maersk AS ‘B’		483		566,080
The Drilling Co of 1972 AS *		731		15,500

				581,580

Finland - 1.6%

Nokia OYJ *		142,506		622,729


France - 12.7%

AXA SA *		21,764		457,976
BNP Paribas SA *		15,079		602,464
Cie de Saint-Gobain *		27,021		974,939
Dassault Aviation SA *		120		110,099
Engie SA *		48,579		602,471
Renault SA *		10,350		264,893
Rexel SA *		43,074		493,675
SCOR SE *		5,849		161,538
Societe Generale SA *		21,694		362,715
TOTAL SA		25,675		989,983

				5,020,753

Germany - 2.2%

CECONOMY AG *		30,991		108,131
Daimler AG *		14,845		603,949
METRO AG		10,019		95,082
Salzgitter AG *		3,639		51,204

				858,366

Hong Kong - 0.8%

CK Asset Holdings Ltd		53,646		321,704


	Shares		Value
India - 1.1%

Canara Bank *		79,740		$106,472
NTPC Ltd		30,095		38,288
Oil & Natural Gas Corp Ltd		134,428		145,967
Zee Entertainment Enterprises Ltd		64,686		146,950

				437,677

Indonesia - 0.3%

P.T. Bank Mandiri Persero Tbk		309,697		107,536


Ireland - 0.9%

AIB Group PLC *		131,887		166,525
Bank of Ireland Group PLC *		94,563		194,848

				361,373

Italy - 4.3%

Assicurazioni Generali SPA		19,643		298,381
BPER Banca *		33,086		82,711
Eni SPA		66,563		638,071
Saipem SPA		80,103		200,986
UniCredit SPA *		54,656		504,430

				1,724,579

Japan - 27.6%

Benesse Holdings Inc		1,719		46,103
Canon Inc		9,551		190,524
Chiyoda Corp *		18,281		48,254
Citizen Watch Co Ltd		43,194		140,804
Dai-ichi Life Holdings Inc		27,994		335,088
DeNA Co Ltd		16,941		211,513
Eisai Co Ltd		2,968		235,804
Fuji Media Holdings Inc		9,626		93,053
Fujitsu Ltd		2,367		277,136
Gree Inc		39,131		168,199
Hino Motors Ltd		37,150		252,048
Honda Motor Co Ltd		37,825		968,080
Inpex Corp		60,757		379,383
Isuzu Motors Ltd		29,106		264,496
JGC Holdings Corp		33,193		350,018
JSR Corp		13,734		266,438
Mitsubishi Estate Co Ltd		22,860		340,656
Mitsubishi Heavy Industries Ltd		7,146		168,718
Mitsubishi Motors Corp		63,874		158,307
Mitsubishi UFJ Financial Group Inc		178,628		702,995
Nikon Corp		29,079		244,215
Nippon Television Holdings Inc		18,189		197,005
Nissan Motor Co Ltd		75,188		278,831
Nitto Denko Corp		6,836		387,534
Nomura Holdings Inc		67,453		303,106
Resona Holdings Inc		125,752		430,310
Shimamura Co Ltd		6,349		430,031
Sumitomo Mitsui Financial Group Inc		23,626		666,768
Sumitomo Mitsui Trust Holdings Inc		15,576		438,937
T&D Holdings Inc		69,995		601,202
Takeda Pharmaceutical Co Ltd		21,150		759,876
THK Co Ltd		10,997		273,799
Z holdings Corp		70,672		346,839

				10,956,070

Luxembourg - 0.4%

RTL Group SA *		5,553		178,155


	Shares		Value
Malaysia - 0.4%

CIMB Group Holdings Bhd		195,495		$163,089


Netherlands - 4.7%

ABN AMRO Bank NV ~		43,906		377,838
ING Groep NV		83,435		581,615
PostNL NV		83,133		179,283
Royal Dutch Shell PLC ‘B’		47,795		724,584

				1,863,320

Norway - 2.1%

Equinor ASA		29,054		418,542
Norsk Hydro ASA *		145,192		405,069

				823,611

Russia - 2.2%

Gazprom PJSC ADR		62,909		340,967
LUKOIL PJSC ADR		1,667		123,725
Sberbank of Russia PJSC ADR		20,043		227,288
VEON Ltd ADR		96,991		174,584

				866,564

South Africa - 2.4%

Anglo American PLC		18,322		422,380
Gold Fields Ltd ADR		33,640		316,216
Impala Platinum Holdings Ltd *		15,183		102,251
MTN Group Ltd		37,930		116,166

				957,013

South Korea - 3.7%

Hankook Tire & Technology Co Ltd		9,523		197,091
KB Financial Group Inc		15,749		445,848
KT Corp ADR		46,156		449,559
Shinhan Financial Group Co Ltd		15,959		385,669

				1,478,167

Spain - 1.2%

CaixaBank SA		221,287		473,395


Switzerland - 6.2%

Adecco Group AG		13,969		658,437
Julius Baer Group Ltd		5,677		238,420
LafargeHolcim Ltd		16,897		744,415
UBS Group AG		71,902		830,401

				2,471,673

Taiwan - 1.0%

Innolux Corp		785,776		211,660
Shin Kong Financial Holding Co Ltd *		577,090		169,055

				380,715

Thailand - 0.8%

Kasikornbank PCL NVDR		110,344		334,762


	Shares		Value
United Kingdom - 9.3%

Babcock International Group PLC		58,619		$224,659
BP PLC		164,764		631,216
BT Group PLC		215,846		305,259
Centrica PLC		297,433		141,325
J Sainsbury PLC		205,044		530,644
Kingfisher PLC		166,952		459,315
Land Securities Group PLC REIT		24,798		169,435
Marks & Spencer Group PLC		112,374		137,800
Standard Chartered PLC		91,265		494,727
The British Land Co PLC REIT		37,028		177,121
WPP PLC		55,252		430,761

				3,702,262

United States - 0.3%

Ovintiv Inc		11,944		113,581


Total Common Stocks (Cost $46,710,288)				38,530,309


EXCHANGE-TRADED FUND - 0.4%

iShares Core MSCI EAFE		2,728		155,932


Total Exchange-Traded Fund (Cost $149,247)				155,932


SHORT-TERM INVESTMENT - 1.8%

Money Market Fund - 1.8%

BlackRock Liquidity Funds T-Fund Portfolio ‘Institutional’ 0.110%		731,873		731,873


Total Short-Term Investment (Cost $731,873)				731,873


TOTAL INVESTMENTS - 99.3% (Cost $47,591,408)				39,418,114

OTHER ASSETS & LIABILITIES, NET - 0.7%				269,491


NET ASSETS - 100.0%				$39,687,605

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of June 30, 2020:


	Shares		Value
COMMON STOCKS - 99.1%

Consumer, Cyclical - 0.7%

Choice Hotels International Inc		2,850		$224,865
Hilton Worldwide Holdings Inc		1,405		103,197

				328,062


Financial - 98.4%

Alexandria Real Estate Equities Inc REIT		9,971		1,617,795
American Assets Trust Inc REIT		9,211		256,434
American Campus Communities Inc REIT		4,020		140,539
American Homes 4 Rent ‘A’ REIT		69,866		1,879,395
American Tower Corp REIT		5,408		1,398,184
Apartment Investment and Management Co ‘A’ REIT		28,530		1,073,869
AvalonBay Communities Inc REIT		19,560		3,024,758
Boston Properties Inc REIT		10,308		931,637
Brandywine Realty Trust REIT		24,427		266,010
Camden Property Trust REIT		8,438		769,714
CoreSite Realty Corp REIT		6,111		739,798
Cousins Properties Inc REIT		30,639		913,961
CubeSmart REIT		27,443		740,687
CyrusOne Inc REIT		10,785		784,609
DiamondRock Hospitality Co REIT		33,360		184,481
Digital Realty Trust Inc REIT		2,552		362,665
Equinix Inc REIT		6,612		4,643,608
Equity LifeStyle Properties Inc REIT		16,484		1,029,920
Equity Residential REIT		11,226		660,313
Essential Properties Realty Trust Inc REIT		25,741		381,997
Essex Property Trust Inc REIT		7,337		1,681,420
Extra Space Storage Inc REIT		11,183		1,032,974
First Industrial Realty Trust Inc REIT		12,236		470,352
Healthcare Trust of America Inc ‘A’ REIT		55,974		1,484,431
Healthpeak Properties Inc REIT		32,851		905,374
Invitation Homes Inc REIT		97,870		2,694,361
Kilroy Realty Corp REIT		10,758		631,495
Park Hotels & Resorts Inc REIT		39,137		387,065
Prologis Inc REIT		54,411		5,078,179
PS Business Parks Inc REIT		555		73,482
Public Storage REIT		2,269		435,398
Regency Centers Corp REIT		20,400		936,156
Rexford Industrial Realty Inc REIT		16,517		684,299
Sabra Health Care REIT Inc		40,862		589,639
Simon Property Group Inc REIT		6,991		478,045
STORE Capital Corp REIT		52,978		1,261,406
Sun Communities Inc REIT		11,554		1,567,647
Taubman Centers Inc REIT		2,520		95,155
Terreno Realty Corp REIT		19,452		1,023,953
VICI Properties Inc REIT		38,586		779,051
Welltower Inc REIT		40,287		2,084,852
Weyerhaeuser Co REIT		11,521		258,762

				46,433,870


Total Common Stocks (Cost $38,837,668)				46,761,932

The following is a summary of the Fund’s investments as categorized under the three-tier hierarchy of inputs used in valuing the Fund’s assets and liabilities as of June 30, 2020:



Explanation of Symbols:

*		Non-income producing investments.
^		Investments with their principal amount adjusted for inflation.
§		Variable rate investments. The rate shown is based on the latest available information as of June 30, 2020. For Senior Loan Notes, the rate shown may represent a weighted average interest rate. Interest rates for certain securities are subject to interest rate caps and floors, which would result in a period end rate being more, less or equal to the referenced rate plus spread. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description.
Y		Issuer filed bankruptcy and/or is in default as of June 30, 2020.
¥		All or a portion of this senior loan position has not settled. Rates do not take effect until settlement date. Rates shown, if any, are for the settled portion.
#		Securities purchased on a when-issued basis. Rates do not take effect until settlement date.
~		Securities are not registered under the Securities Act of 1933 (1933 Act) and these securities are either (1) exempt from registration pursuant to Rule 144A of the 1933 Act and may only be sold to “qualified institutional buyers”, or (2) the securities comply with Regulation S rules governing offers and sales made outside the United States without registration under the 1933 Act and contain certain restrictions as to public resale.
‡		Investments were fully or partially segregated with the broker(s)/ custodian as collateral for futures contracts, forward foreign currency contracts, option contracts and/or swap agreements as of June 30, 2020.
W		The values of these investments were determined by the Trustee Valuation Committee or determined by a valuation committee established under the Valuation Policy and then subsequently submitted for approval or ratification to either the Trustee Valuation Committee or to the Board of Trustees (the “Board”. Each determination was made in good faith in accordance with the procedures established by the Board and the provisions of the Investment Company Act of 1940.
»		Stapled Security. A security contractually bound to one or more other securities to form a single saleable unit which cannot be sold separately.
±		Investments categorized as a significant unobservable input (Level 3).

Counterparty & Exchange Abbreviations:

ANZ		Australia and New Zealand Banking Group
BNP		BNP Paribas
BOA		Bank of America
BRC		Barclays
BSC		Banco Santander Central Hispano
CIT		Citigroup
CME		Chicago Mercantile Exchange
CSF		Credit Suisse
DUB		Deutsche Bank
EUX		Eurex Exchange
GSC		Goldman Sachs
HSB		HSBC
ICE		Intercontinental Exchange Inc
ING		ING Baring
JPM		JPMorgan Chase
LCH		London Clearing House
MER		Merrill Lynch
MSC		Morgan Stanley
RBS		Royal Bank of Scotland
SCB		Standard Chartered Bank
SGN		Societe Generale
UBS		UBS



Currency Abbreviations:

ARS		Argentine Peso
AUD		Australian Dollar
BRL		Brazilian Real
CAD		Canadian Dollar
CLP		Chilean Peso
CNH		Renminbi Offshore (Hong Kong)
CNY		Chinese Renminbi
COP		Colombian Peso
CZK		Czech Koruna
EUR		Euro
GBP		British Pound
HUF		Hungarian Forint
IDR		Indonesian Rupiah
ILS		Israeli Shekel
INR		Indian Rupee
JPY		Japanese Yen
KRW		Korean Won
MXN		Mexican Peso
MYR		Malaysian Ringgit
NZD		New Zealand Dollar
PEN		Peruvian Nuevo Sol
PHP		Philippine Peso
PLN		Polish Zloty
RON		Romanian Leu
RUB		Russian Ruble
SGD		Singapore Dollar
THB		Thai Baht
TRY		Turkish Lira
TWD		Taiwan Dollar
UAH		Ukrainian Hryvnia
USD		United States Dollar
UYU		Uruguayan Peso
ZAR		South African Rand

Payment Frequency Abbreviations:

A		Annual
L		Lunar
Q		Quarterly
S		Semiannual
Z		At Maturity

Reference Rate Abbreviations:

ARS Deposit		Argentina Deposit Rate
AUD Bank Bill		Australian Dollar Bank Bill Rate
LIBOR		London Interbank Offered Rate
SOFR		Secured Overnight Financing Rate
SONIA		Sterling Overnight Interbank Average Rate
US FED		United States Federal Reserve Bank Rate
US PRIME		United States Prime Rate
UST		United States Treasury Rate

Other Abbreviations:

ADR		American Depositary Receipt
GDR		Global Depositary Receipt
IO		Interest Only
NVDR		Non-Voting Depository Receipt
PIK		Payment In Kind
REIT		Real Estate Investment Trust

Pacific Funds Series Trust (which may be referred to as “Pacific Funds” or the “Trust”) is registered under the Investment Company Act of 1940 (“1940 Act”), as amended, as a diversified, open-end, management investment company, and is organized as a Delaware statutory trust.

Pacific Life Fund Advisors LLC (“PLFA” or the “Investment Adviser”) serves as investment adviser to the Trust. The Trust is comprised of separate funds (each individually a “Fund”, and collectively the “Funds”).

The Trust characterizes its investments as Level 1, Level 2, or Level 3 based upon the various inputs or methodologies used to value the investments. Under the Valuation Policy, the VOC determines the level in which each investment is characterized. The VOC includes investment, legal, and compliance members of the Trust’s Investment Adviser, accounting members of the Trust’s Administrator (see Note 6), and the Trust’s Chief Compliance Officer (“CCO”). The three-tier hierarchy of inputs is summarized in the three broad levels listed below:

• Level 1 - Quoted prices (unadjusted) in active markets for identical investments

• Level 2 - Significant observable market-based inputs, other than Level 1 quoted prices, or unobservable inputs that are corroborated by market data

• Level 3 - Significant unobservable inputs that are not corroborated by observable market data

The VOC reviews the Valuation Policy periodically (at least annually) to determine the appropriateness of the pricing methodologies used to value each Fund’s investments. The VOC also periodically evaluates how the Trust’s investments are characterized within the three-tier hierarchy and the appropriateness of third party pricing sources. The VOC also periodically (at least annually) conducts back-testing of the value of various Level 2 and Level 3 investments to evaluate the effectiveness of the pricing methodologies including the unobservable inputs used to value those investments. Such back-testing includes comparing Level 2 and Level 3 investment values to subsequently available exchange- traded prices, transaction prices, and/or observable vendor prices. All changes to the Valuation Policy are reported to the Board on a quarterly basis with material changes, as determined by the Trust’s CCO, requiring approval by the Board.

The inputs or methodologies used for characterizing each Fund’s investments within the three-tier hierarchy are not necessarily an indication of the relative risks associated with investing in those investments. Foreign equity investments that are valued with the assistance of a statistical research service approved by the Board and based on significant observable inputs are reflected as Level 2. Changes in valuation techniques may result in transfers into or out of an assigned level within the hierarchy.

The following is a description of valuation inputs and techniques that the Trust currently utilizes to fair value each major category of assets and liabilities:

Equity securities (foreign or domestic) that are actively traded on a securities exchange are fair valued based on quoted prices from the applicable exchange, and to the extent valuation adjustments are not applied to these securities, they are categorized as Level 1. Equity securities traded on inactive markets and certain foreign equity securities are fair valued using significant other observable inputs which include broker-dealer quotes, recently executed transactions adjusted for changes in the benchmark index, or evaluated price quotes received from pricing vendors that take into account the integrity of the market sector and issuer, the individual characteristics of the security, and information received from broker-dealers and other market sources pertaining to the issuer or security. To the extent that these inputs are observable and timely, the fair values of these securities would be categorized as Level 2; otherwise the fair values would be categorized as Level 3.

Investments in registered mutual funds, including affiliated registered mutual funds, are valued at their respective published NAV and are categorized as Level 1.

U.S. Treasuries are fair valued based on pricing models that evaluate the mean between the most recently published bid and ask price from market data sources. The models also take into consideration yield curves and data received from active market makers and inter-dealer brokers. Yield curves change daily in response to market conditions and are generally obtained from the new issue market and broker-dealer sources. To the extent that these inputs are observable and timely, the fair values of U.S. Treasury obligations would be categorized as Level 2; otherwise the fair values would be categorized as Level 3.

Mortgage-backed securities, including government sponsored enterprises, are fair valued using pricing models based on inputs that include issuer type, coupon, and cash flows, mortgage prepayment projection tables and adjustable rate mortgage evaluations that incorporate index data, periodic and life caps, the next coupon reset date, and the convertibility of the bond. To the extent that these inputs are observable and timely, the fair values of mortgage-backed securities would be categorized as Level 2; otherwise the fair value would be categorized as Level 3.

Asset-backed securities and collateralized mortgage obligations are fair valued using pricing models based on a security’s average life volatility. The models also take into account tranche characteristics such as coupon average life, collateral types, ratings, the issuer and tranche type, underlying collateral and performance of the collateral, and discount margin for certain floating rate issues. To the extent that these inputs are observable and timely, the fair values of asset-backed securities and collateralized mortgage obligations would be categorized as Level 2; otherwise the fair values would be categorized as Level 3.

Municipal bonds are fair valued based on pricing models that take into account, among other factors, information received from market makers and broker-dealers, current trades, bid lists, offerings, market movements, the callability of the bond, state of issuance, benchmark yield curves, and bond insurance. To the extent that these inputs are observable and timely, the fair values of municipal bonds would be categorized as Level 2; otherwise the fair values would be categorized as Level 3.

Foreign government bonds and notes are fair valued based on discounted cash flow models that incorporate option adjusted spreads along with benchmark curves and credit spreads. In addition, international bond markets are monitored daily for information pertaining to the issuer and/or the specific issue. To the extent that these inputs are observable and timely, the fair values of foreign government bonds and notes would be categorized as Level 2; otherwise the fair values would be categorized as Level 3.

Corporate bonds held by a Fund are generally comprised of two main categories: investment grade bonds and high yield bonds. Investment grade bonds are reported at fair value using various inputs and techniques, which include broker-dealer quotations, live trading levels, recently executed transactions in securities of the issuer or comparable issuers, issuer credit information, and option-adjusted spread models where applicable. Fair values for high yield bonds are based primarily on broker-dealer quotations from relevant market makers and recently executed transactions in securities of the issuer or comparable issuers. The broker-dealer quotations received are supported by credit analysis of the issuer that takes into consideration credit quality assessments, daily trading activity, and the activity of the underlying equities, listed bonds, and sector-specific trends. To the extent that these inputs are observable and timely, the fair values of corporate bonds would be categorized as Level 2; otherwise the fair values would be categorized as Level 3.

U.S. Government Agency Issues are reported at fair value using various inputs and techniques, which include broker-dealer quotations, live trading levels, recently executed transactions in securities of the issuer, issuer credit information, and option-adjusted spread models where applicable. To the extent that these inputs are observable and timely, the fair values of U.S. Government Agency Issues would be categorized as Level 2; otherwise the fair values would be categorized as Level 3.

Futures contracts and options on futures contracts that are actively traded on commodity exchanges are fair valued based on quoted prices from the applicable exchange, and to the extent valuation adjustments are not applied to futures contracts, they are categorized as Level 1. To the extent that valuation adjustments are observable and timely, the fair values of futures contracts would be categorized as Level 2; otherwise the fair values would be categorized as Level 3.

Exchange listed option contracts that are traded on securities exchanges are categorized as Level 2 if they are fair valued based on quoted prices from the applicable exchange, or when valuation adjustments are applied to option contracts, or such valuation adjustments are observable and timely, otherwise the fair values would be categorized as Level 3. OTC option contracts are fair valued based on either broker-dealer quotations or pricing models that incorporate various inputs such as interest rates, credit spreads, currency exchange rates and volatility measurements for in-the-money, at-the-money, and out-of-the-money contracts based on a given strike price. To the extent that these inputs are observable and timely, the fair values of OTC option contracts would be categorized as Level 2; otherwise the fair values would be categorized as Level 3.

Forward foreign currency contracts are fair valued using the mean between broker-dealer bid and ask quotations, and forward foreign currency exchange rates gathered from leading market makers. To the extent that these inputs are observable and timely, the fair values of forward foreign currency contracts would be categorized as Level 2; otherwise the fair values would be categorized as Level 3.

Interest Rate Swaps – Interest rate swaps are fair valued using pricing models that are based on real-time snap shots of relevant interest rate curves that are built using the most actively traded securities for a given maturity. The pricing models also incorporate cash and money market rates. In addition, market data pertaining to interest rate swaps are monitored regularly to ensure that interest rates are properly depicting the current market rate. To the extent that these inputs are observable and timely, the fair values of interest rate swaps would be categorized as Level 2; otherwise the fair values would be categorized as Level 3.

Credit Default Swaps – Credit default swaps are fair valued using pricing models that take into account, among other factors, information received from market makers and broker-dealers, default probabilities from index specific credit spread curves, recovery rates, and cash flows. To the extent that these inputs are observable and timely, the fair values of credit default swaps would be categorized as Level 2; otherwise the fair values would be categorized as Level 3.

Total Return Swaps – Total return swaps are fair valued using pricing models that take into account among other factors, index spread curves, nominal values, modified duration values and cash flows. To the extent that these inputs are observable and timely, the fair values of total return swaps would be categorized as Level 2; otherwise the fair values would be categorized as Level 3.

Floating rate senior loan notes (“Senior Loans”) are fair valued based on a quoted price received from a single broker-dealer or an average of quoted prices received from multiple broker-dealers or valued relative to other benchmark securities when broker-dealer quotes are unavailable. To the extent that these inputs are observable, the fair values of Senior Loans would be categorized as Level 2; otherwise the fair values would be categorized as Level 3.

A summary of holdings and transactions with affiliated mutual fund investments as of and for the period ended June 30, 2020 is as follows:

As of June 30, 2020, Pacific Life owned the following percentages of the total shares outstanding (aggregate of all share classes) of each of the following Funds:


		Total Value at June 30, 2020		Level 1 Quoted Price		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs
Assets	Affiliated Mutual Funds		$230,379,452		$230,379,452		$—		$—


		Total Value at June 30, 2020		Level 1 Quoted Price		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs
Assets	Affiliated Mutual Funds		$316,050,030		$316,050,030		$—		$—


		Total Value at June 30, 2020		Level 1 Quoted Price		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs
Assets	Affiliated Mutual Funds		$990,593,167		$990,593,167		$—		$—


		Total Value at June 30, 2020		Level 1 Quoted Price		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs
Assets	Affiliated Mutual Funds		$764,809,813		$764,809,813		$—		$—


		Total Value at June 30, 2020		Level 1 Quoted Price		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs
Assets	Affiliated Mutual Funds		$278,934,968		$278,934,968		$—		$—


See Supplemental Notes to Schedules of Investments		See explanation of symbols and terms, if any, on pages 141 and 142


		Total Value at June 30, 2020		Level 1 Quoted Price		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs
Assets	Common Stocks		$16,652,824		$16,652,824		$—		$—
	Exchange-Traded Funds		7,017,397		7,017,397		—		—
	Corporate Bonds & Notes		485,546,405		—		485,546,405		—
	Senior Loan Notes		150,003,513		—		149,663,513		340,000
	Asset-Backed Securities		25,223,700		—		25,223,700		—
	Foreign Government Bonds & Notes		2,867,769		—		2,867,769		—
	Short-Term Investment		16,242,942		16,242,942		—		—
	Unfunded Loan Commitment		219,933		—		219,933		—

	Total		$703,774,483		$39,913,163		$663,521,320		$340,000


		Total Value at June 30, 2020		Level 1 Quoted Price		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs
Assets	Common Stocks		$1,876,964		$1,876,964		$ —		$—
	Exchange-Traded Funds		1,514,113		1,514,113		—		—
	Corporate Bonds & Notes		118,777,148		—		118,777,148		—
	Senior Loan Notes		8,421,141		—		8,361,641		59,500
	Asset-Backed Securities		2,512,733		—		2,512,733		—
	Short-Term Investment		1,615,718		1,615,718		—		—
	Unfunded Loan Commitment		39,274		—		39,274		—

	Total		$134,757,091		$5,006,795		$129,690,796		$59,500


Long Futures Outstanding	Expiration Month		Number of Contracts		Notional Amount		Value		Unrealized Appreciation (Depreciation)
Euro-Bobl		09/20		4		$604,904		$606,597		$1,693
Euro-Bund		09/20		4		788,607		793,277		4,670
U.S. Treasury 5-Year Notes		09/20		14		1,755,407		1,760,391		4,984
U.S. Treasury Long Bonds		09/20		6		1,068,852		1,071,375		2,523

										13,870


Short Futures Outstanding
Australia 3-Year Bonds		09/20		13		1,049,711		1,050,175		(464	)
Euro-BTP		09/20		10		1,249,768		1,256,966		(7,198	)
Euro-Schatz		09/20		24		3,022,243		3,023,728		(1,485	)
U.S. Treasury 2-Year Notes		09/20		4		882,155		883,313		(1,158	)
U.S. Treasury 10-Year Notes		09/20		42		5,829,412		5,845,219		(15,807	)
U.S. Treasury Ultra 10-Year Notes		09/20		4		627,400		629,937		(2,537	)
U.S. Treasury Ultra 30-Year Bonds		09/20		2		422,945		436,312		(13,367	)

										(42,016	)


Total Futures Contracts										($28,146	)


Currency Purchased		Currency Sold		Settlement Month		Counterparty		Unrealized Appreciation		Unrealized Depreciation
AUD	1,144,000	USD	787,041		07/20		SCB		$2,441		$—
EUR	48,000	USD	54,117		07/20		GSC		—		(187	)
EUR	39,000	USD	43,380		07/20		UBS		439		—
USD	759,734	AUD	1,144,000		07/20		UBS		—		(29,748	)
USD	787,124	AUD	1,144,000		08/20		SCB		—		(2,506	)
USD	573,385	EUR	513,000		07/20		BRC		—		(2,994	)
USD	4,470	EUR	4,000		07/20		UBS		—		(24	)
USD	483,297	EUR	430,000		08/20		SCB		—		(184	)
USD	53,111	GBP	42,000		07/20		GSC		1,068		—
USD	581,342	GBP	469,000		07/20		SCB		198		—
USD	626,814	GBP	511,000		08/20		SCB		—		(6,511	)
USD	21,004	MXN	478,000		11/20		JPM		571		—
USD	324,684	NZD	523,500		07/20		SCB		—		(13,132	)
USD	324,332	NZD	523,500		07/20		UBS		—		(13,483	)
USD	62,153	PEN	214,925		10/20		DUB		1,579		—


Total Forward Foreign Currency Contracts									$6,296		($68,769	)


Description	Exercise Price		Expiration Date		Exchange		Number of Contracts		Notional Amount		Cost		Value
Call - U.S. Treasury 2-Year Notes (09/20)		$113.25		08/21/20		CME		4		$906,000		$33		$—
Call - Euro-Schatz (08/20)		EUR 116.00		08/21/20		EUX		24		EUR 2,784,000		149		135
Call - U.S. Treasury 10-Year Notes (09/20)		$175.00		08/21/20		CME		20		$3,500,000		165		—
Call - U.S. Treasury 10-Year Notes (09/20)		195.00		08/21/20		CME		22		4,290,000		182		—

												529		135


Put - U.S. Treasury 5-Year Notes (09/20)		113.75		08/21/20		CME		14		1,592,500		127		109


Total Purchased Options												$656		$244


Description	Exercise Rate		Expiration Date		Counter- party		Notional Amount		Premium		Value
Call - CDX IG34 5Y		0.600%		08/19/20		GSC		$100,000		$69		($52	)
Call - iTraxx Main 33 5Y		0.500%		10/21/20		DUB		EUR 200,000		179		(208	)
Call - iTraxx Main 33 5Y		0.500%		10/21/20		JPM		100,000		84		(104	)

										332		(364	)

Credit Default Swaptions on Credit Indices – Sell Protection
Put - CDX IG34 5Y		1.100%		08/19/20		GSC		$100,000		160		(127	)
Put - iTraxx Main 33 5Y		1.200%		10/21/20		DUB		EUR 200,000		493		(429	)
Put - iTraxx Main 33 5Y		1.200%		10/21/20		JPM		100,000		253		(215	)
Put - CDX IG33 5Y		2.500%		03/17/21		GSC		$100,000		70		(221	)
Put - iTraxx Main 32 5Y		2.500%		03/17/21		GSC		EUR 100,000		77		(179	)

										1,053		(1,171	)


Total Credit Default Swaptions on Credit Indices										$1,385		($1,535	)


Description	Initial Index		Floating Rate	Expiration Date		Counter- party	Notional Amount		Premium		Value
Cap - U.S. CPI Urban Consumers		233.92	Maximum of [0, Final Index/ Initial Index - (1 + 4.000%)¹⁰]		04/22/24	JPM		$1,900,000		$13,823		($30	)
Cap - U.S. CPI Urban Consumers		234.78	Maximum of [0, Final Index/ Initial Index - (1 + 4.000%)¹⁰]		05/16/24	JPM		200,000		1,390		—

										$15,213		($30	)


Referenced Obligation	Payment Frequency		Fixed Deal Pay Rate		Expiration Date		Exchange		Notional Amount (3)		Value (5)		Upfront Premiums Paid (Received)		Unrealized Appreciation (Depreciation)
CDX HY34 5Y		Q		5.000%		06/20/25		ICE		$475,000		$2,505		$18,905		($16,400	)


Total Credit Default Swaps												$2,545		$19,058		($16,513	)


Receive	Pay		Payment Frequency Receive Rate / Pay Rate		Exchange		Expiration Date		Notional Amount		Value		Upfront Premiums Paid (Received)			Unrealized Appreciation (Depreciation)
1.030%		U.S. CPI Urban Consumers		Z / Z		LCH		06/18/21		$200,000		$225		$10			$215
2.600%		GBP Retail Price		Z / Z		LCH		05/15/22		GBP 100,000		825		—			825
2.890%		GBP Retail Price		Z / Z		LCH		06/15/22		200,000		1,549		—			1,549
3.850%		GBP Retail Price		Z / Z		LCH		09/15/24		200,000		15,257		—			15,257
3.330%		GBP Retail Price		Z / Z		LCH		01/15/25		400,000		12,115		11,260			855
2.335%		U.S. CPI Urban Consumers		Z / Z		LCH		02/05/28		$190,000		18,628		338			18,290
2.364%		U.S. CPI Urban Consumers		Z / Z		LCH		05/10/28		50,000		5,250		—			5,250
2.379%		U.S. CPI Urban Consumers		Z / Z		LCH		07/09/28		500,000		53,316		(288	)		53,604
3.593%		GBP Retail Price		Z / Z		LCH		11/15/28		GBP 45,000		3,592		—			3,592
2.165%		U.S. CPI Urban Consumers		Z / Z		LCH		04/16/29		$100,000		7,657		—			7,657
1.998%		U.S. CPI Urban Consumers		Z / Z		LCH		07/25/29		100,000		6,115		—			6,115
1.760%		U.S. CPI Urban Consumers		Z / Z		LCH		11/04/29		400,000		12,764		(708	)		13,472
3.400%		GBP Retail Price		Z / Z		LCH		06/15/30		GBP 200,000		16,925		2,555			14,370
3.530%		GBP Retail Price		Z / Z		LCH		10/15/31		50,000		4,039		493			3,546
3.500%		GBP Retail Price		Z / Z		LCH		09/15/33		60,000		5,019		47			4,972
1.387%		Eurostat Eurozone HICP		Z / Z		LCH		08/15/49		EUR 20,000		1,166		—			1,166

												$164,442		$13,707			$150,735


Pay	Receive		Payment Frequency Pay Rate / Receive Rate		Exchange		Expiration Date		Notional Amount		Value			Upfront Premiums Paid (Received)			Unrealized Appreciation (Depreciation)
1.160%		France CPI Ex Tobacco		Z / Z		LCH		08/15/20		EUR 80,000		($1,328	)		$57			($1,385	)
1.432%		U.S. CPI Urban Consumers		Z / Z		LCH		08/06/21		$100,000		(1,244	)		—			(1,244	)
1.580%		U.S. CPI Urban Consumers		Z / Z		LCH		09/20/21		200,000		(3,145	)		—			(3,145	)
1.592%		U.S. CPI Urban Consumers		Z / Z		LCH		09/20/21		200,000		(3,193	)		(39	)		(3,154	)
2.210%		U.S. CPI Urban Consumers		Z / Z		LCH		02/05/23		120,000		(5,514	)		—			(5,514	)
2.263%		U.S. CPI Urban Consumers		Z / Z		LCH		04/27/23		60,000		(3,226	)		—			(3,226	)
2.263%		U.S. CPI Urban Consumers		Z / Z		LCH		05/09/23		120,000		(6,421	)		—			(6,421	)
2.281%		U.S. CPI Urban Consumers		Z / Z		LCH		05/10/23		180,000		(10,130	)		—			(10,130	)
1.030%		France CPI Ex Tobacco		Z / Z		LCH		03/15/24		EUR 140,000		(5,134	)		(53	)		(5,081	)
3.250%		3-Month NZD-Bank Bills		S / Q		CME		03/21/28		NZD 100,000		(13,835	)		290			(14,125	)

												($53,170	)		$255			($53,425	)


Total Interest Rate Swaps												$111,272			$13,962			$97,310


Total Swap Agreements												$113,817			$33,020			$80,797


		Total Value at June 30, 2020			Level 1 Quoted Price			Level 2 Significant Observable Inputs			Level 3 Significant Unobservable Inputs
Assets	Corporate Bonds & Notes		$1,447,769			$—			$1,447,769			$—
	Mortgage-Backed Securities		3,872,746			—			3,872,746			—
	Asset-Backed Securities		2,451,945			—			2,451,945			—
	U.S. Treasury Obligations		23,866,956			—			23,866,956			—
	Foreign Government Bonds & Notes		2,136,344			—			2,136,344			—
	Short-Term Investments		443,777			442,707			1,070			—
	Derivatives:
	Foreign Currency Contracts
	Forward Foreign Currency Contracts		6,296			—			6,296			—
	Interest Rate Contracts
	Futures		13,870			13,870			—			—
	Purchased Options		244			—			244			—
	Swaps		150,735			—			150,735			—

	Total Interest Rate Contracts		164,849			13,870			150,979			—

	Total Assets - Derivatives		171,145			13,870			157,275			—

	Total Assets		34,390,682			456,577			33,934,105			—


Liabilities	Sale-buyback Financing Transactions		(10,982,359	)		—			(10,982,359	)		—
	Derivatives:
	Credit Contracts
	Written Options		(1,535	)		—			(1,535	)		—
	Swaps		(16,513	)		—			(16,513	)		—

	Total Credit Contracts		(18,048	)		—			(18,048	)		—

	Foreign Currency Contracts
	Forward Foreign Currency Contracts		(68,769	)		—			(68,769	)		—
	Interest Rate Contracts
	Futures		(42,016	)		(42,016	)		—			—
	Written Options		(5,788	)		—			(5,788	)		—
	Swaps		(53,425	)		—			(53,425	)		—

	Total Interest Rate Contracts		(101,229	)		(42,016	)		(59,213	)		—

	Total Liabilities - Derivatives		(188,046	)		(42,016	)		(146,030	)		—

	Total Liabilities		(11,170,405	)		(42,016	)		(11,128,389	)		—

	Total		$23,220,277			$414,561			$22,805,716			$—


Description	Principal Amount		Value
Mortgage-Backed Securities - (0.6%)

Fannie Mae
2.500% due 05/13/50		$2,700,000		($ 2,950,805	)


Total Securities Sold Short (Proceeds $2,949,328)				($2,950,805	)


Long Futures Outstanding	Expiration Month		Number of Contracts		Notional Amount		Value		Unrealized Appreciation (Depreciation)
AUD FX		09/20		51		$3,553,847		$3,519,000		($34,847	)
CAD FX		09/20		35		2,609,079		2,576,700		(32,379	)
EUR FX		09/20		7		991,957		984,681		(7,276	)
Euro-Bobl		09/20		7		1,056,207		1,061,545		5,338
Euro-BTP		09/20		29		4,585,065		4,687,803		102,738
Eurodollar		12/20		52		12,805,656		12,962,300		156,644
Euro-OAT		09/20		6		1,117,930		1,130,123		12,193
GBP FX		09/20		3		239,032		232,444		(6,588	)
JPY FX		09/20		2		232,272		231,775		(497	)
MXN FX		09/20		19		423,743		409,260		(14,483	)
RUB FX		09/20		7		252,118		243,600		(8,518	)
U.S. Treasury 2-Year Notes		09/20		1		220,822		220,828		6
U.S. Treasury 5-Year Notes		09/20		772		96,913,695		97,072,971		159,276
U.S. Treasury 10-Year Notes		09/20		162		22,541,996		22,545,845		3,849
U.S. Treasury Long Bonds		09/20		222		39,596,851		39,640,875		44,024
U.S. Ultra Long Bonds		09/20		12		2,606,427		2,617,875		11,448

										390,928


Short Futures Outstanding
Australia 10-Year Bonds		09/20		7		716,990		718,750		(1,760	)
Euro-Bund		09/20		55		10,829,818		10,907,559		(77,741	)
Euro-Buxl		09/20		6		1,453,816		1,482,743		(28,927	)
Eurodollar		03/21		30		7,473,824		7,485,000		(11,176	)
Eurodollar		06/21		72		17,748,974		17,967,600		(218,626	)
Eurodollar		12/21		83		20,577,576		20,708,500		(130,924	)
Japan 10-Year Bonds		09/20		3		4,218,733		4,221,811		(3,078	)
Long Gilt		09/20		28		4,770,746		4,775,377		(4,631	)
U.S. Treasury 10-Year Notes		09/20		223		30,901,931		31,035,329		(133,398	)

										(610,261	)


Total Futures Contracts										($219,333	)


Currency Purchased		Currency Sold		Settlement Month	Counterparty		Unrealized Appreciation		Unrealized Depreciation
BRL	1,483,209	USD	282,404	07/20		CIT		$—		($9,886	)
BRL	770,000	USD	145,297	07/20		GSC		—		(3,821	)
BRL	980,000	USD	185,364	07/20		JPM		—		(5,303	)
CAD	1,220,000	USD	874,502	07/20		BNP		24,184		—
CAD	430,762	USD	305,565	07/20		MSC		11,747		—
CAD	1,030,000	USD	752,533	10/20		BNP		6,324		—
CNH	5,574,000	USD	786,420	07/20		BNP		1,236		—
EUR	15,878,000	USD	17,944,477	07/20		BNP		—		(99,216	)
EUR	170,000	USD	184,710	07/20		CIT		6,353		—
EUR	779,000	USD	874,537	07/20		JPM		705		—
GBP	1,278,456	USD	1,587,254	07/20		CIT		—		(2,952	)
GBP	233,000	USD	295,337	08/20		JPM		—		(6,542	)
IDR	19,938,229,759	USD	1,206,185	07/20		CIT		173,635		—
INR	25,920,302	USD	331,038	07/20		JPM		11,615		—
JPY	3,007,136	USD	28,059	07/20		CIT		—		(203	)
JPY	18,667,000	USD	173,411	07/20		GSC		—		(493	)
MXN	99,405,567	USD	4,288,624	07/20		CIT		26,688		—
MXN	20,129,800	USD	917,898	07/20		GSC		—		(44,040	)
PEN	1,722,411	USD	498,095	10/20		DUB		—		(12,657	)
PHP	77,721,489	USD	1,528,173	07/20		CIT		31,716		—
PHP	7,680,000	USD	150,970	07/20		JPM		3,169		—
RUB	20,538,259	USD	280,405	07/20		GSC		7,552		—
USD	2,081,778	AUD	3,264,938	07/20		JPM		—		(171,573	)
USD	1,176,993	AUD	1,746,000	07/20		RBS		—		(27,933	)
USD	582,874	BRL	3,162,000	07/20		GSC		1,904		—
USD	1,354,225	CAD	1,849,272	07/20		BNP		—		(8,000	)
USD	829,603	CAD	1,137,000	07/20		UBS		—		(7,909	)
USD	1,635,336	CNH	11,614,974	07/20		BNP		—		(5,965	)
USD	15,733,686	EUR	14,350,196	07/20		BNP		—		(394,480	)
USD	2,955,798	EUR	2,717,511	07/20		CIT		—		(98,409	)
USD	97,225	EUR	90,000	07/20		GSC		—		(3,926	)
USD	3,166,589	EUR	2,886,038	07/20		JPM		—		(77,024	)
USD	9,258,127	EUR	8,318,000	07/20		SCB		—		(87,520	)
USD	8,473,433	EUR	7,539,000	08/20		SCB		—		(3,222	)
USD	660,330	EUR	580,000	09/20		GSC		7,596		—
USD	660,040	EUR	580,000	09/20		MSC		7,321		—
USD	1,844,878	EUR	1,640,000	10/20		BNP		—		(2,199	)
USD	240,350	GBP	190,000	08/20		HSB		4,851		—
USD	11,051,780	GBP	8,966,000	08/20		JPM		—		(61,277	)
USD	3,547,753	JPY	385,392,363	07/20		GSC		—		(22,254	)
USD	113,238	JPY	12,100,000	08/20		BRC		1,108		—
USD	528,540	MXN	13,205,567	07/20		CIT		—		(44,729	)
USD	2,858,829	MXN	70,374,362	07/20		GSC		—		(196,205	)
USD	1,648,041	PHP	85,401,489	07/20		JPM		—		(65,988	)


Total Forward Foreign Currency Contracts								$327,704		($1,463,726	)


Description	Exercise Price		Expiration Date		Counter- party		Notional Amount		Cost		Value
Put - EUR versus USD		$1.14		09/10/20		MSC		$1,300,000		$18,781		$10,264
Put - EUR versus USD		1.14		09/11/20		GSC		1,330,000		19,312		10,424

										$38,093		$20,688


Referenced Obligation	Payment Frequency		Fixed Deal Receive Rate		Expiration Date		Counter- party		Implied Credit Spread at 06/30/20 (2)		Notional Amount (3)		Value			Upfront Premiums Paid (Received)			Unrealized Appreciation (Depreciation)
Russian Federation		Q		1.000%		12/20/24		JPM		1.021%		$400,000		($272	)		$1,972			($2,244	)


							Exchange
AT&T Inc		Q		1.000%		12/20/20		ICE		0.608%		500,000		1,091			3,189			(2,098	)
Citigroup Inc		Q		1.000%		12/20/20		ICE		0.438%		900,000		2,648			18,994			(16,346	)
The Boeing Co		Q		1.000%		12/20/20		ICE		2.393%		900,000		(5,688	)		5,179			(10,867	)
Tesco PLC		Q		1.000%		06/20/22		ICE		0.293%		EUR 800,000		12,928			3,661			9,267
Rolls-Royce PLC		Q		1.000%		12/20/24		ICE		4.138%		800,000		(111,645	)		(4,034	)		(107,611	)

														(100,666	)		26,989			(127,655	)


Total Credit Default Swaps on Corporate and Sovereign Issues - Sell Protection														($100,938	)		$28,961			($129,899	)


Receive	Pay		Payment Frequency Receive Rate / Pay Rate		Counter- party		Expiration Date		Notional Amount		Value			Upfront Premiums Paid (Received)			Unrealized Appreciation (Depreciation)
7.024%		Brazil CETIP Interbank		Z / Z		CIT		01/04/27		BRL 5,712,000		$44,691			$2,295			$42,396
7.044%		Brazil CETIP Interbank		Z / Z		JPM		01/04/27		1,400,000		11,192			—			11,192

												55,883			2,295			53,588


					Exchange
0.600%		3-Month USD-LIBOR		S / Q		CME		03/23/22		$6,158,000		49,375			962			48,413
2.800%		3-Month USD-LIBOR		S / Q		CME		08/22/23		500,000		45,136			—			45,136
0.100%		6-Month JPY-LIBOR		S / S		LCH		03/20/24		JPY 2,790,000,000		135,670			88,986			46,684
0.380%		3-Month USD-LIBOR		S / Q		CME		08/31/24		$14,605,000		65,797			6,358			59,439
0.100%		1 Day U.S. Fed Funds		A / A		CME		11/30/24		3,649,000		7,517			2,292			5,225
0.700%		3-Month USD-LIBOR		S / Q		CME		03/23/25		3,590,000		73,708			(2,898	)		76,606
(0.095%)		6-Month JPY-LIBOR		S / S		LCH		09/13/26		JPY 140,000,000		(6,134	)		—			(6,134	)
(0.092%)		6-Month JPY-LIBOR		S / S		LCH		09/13/26		70,000,000		(2,940	)		—			(2,940	)
(0.068%)		6-Month JPY-LIBOR		S / S		LCH		09/18/26		120,000,000		(3,382	)		—			(3,382	)
(0.062%)		6-Month JPY-LIBOR		S / S		LCH		09/18/26		190,000,000		(4,671	)		(84	)		(4,587	)
(0.064%)		6-Month JPY-LIBOR		S / S		LCH		09/19/26		67,000,000		(1,827	)		—			(1,827	)
(0.063%)		6-Month JPY-LIBOR		S / S		LCH		09/19/26		67,000,000		(1,786	)		—			(1,786	)
(0.087%)		6-Month JPY-LIBOR		S / S		LCH		09/20/26		34,000,000		(1,431	)		—			(1,431	)
(0.097%)		6-Month JPY-LIBOR		S / S		LCH		09/24/26		82,000,000		(3,965	)		111			(4,076	)
0.770%		3-Month USD-LIBOR		S / Q		CME		03/24/27		$3,940,000		93,204			29,461			63,743
7.450%		28-Day MXN TIIE		L / L		CME		07/18/29		MXN 63,630,000		398,430			26,769			371,661
0.036%		6-Month JPY-LIBOR		S / S		LCH		03/10/38		JPY 19,000,000		(5,087	)		—			(5,087	)
0.040%		6-Month JPY-LIBOR		S / S		LCH		03/10/38		19,000,000		(4,959	)		—			(4,959	)
0.122%		6-Month JPY-LIBOR		S / S		LCH		08/22/39		370,000,000		(65,569	)		49,345			(114,914	)
0.103%		6-Month JPY-LIBOR		S / S		LCH		08/28/39		90,000,000		(19,024	)		—			(19,024	)
1.000%		6-Month JPY-LIBOR		S / S		LCH		03/21/48		20,000,000		35,536			48,803			(13,267	)

												783,598			250,105			533,493


Total Interest Rate Swaps - Long												$839,481			$252,400			$587,081


Currency Purchased		Currency Sold		Settlement Month	Counterparty		Unrealized Appreciation		Unrealized Depreciation
BRL	1,116,647	USD	221,480	07/20		BRC		$—		($16,164	)
BRL	1,324,569	USD	256,600	07/20		BSC		—		(13,053	)
BRL	1,359,170	USD	263,400	07/20		CSF		—		(13,491	)
BRL	595,563	USD	118,520	07/20		DUB		—		(9,015	)
BRL	2,842,089	USD	539,040	07/20		HSB		—		(16,469	)
CLP	63,241,295	USD	75,539	07/20		HSB		1,500		—
CLP	90,993,026	USD	106,737	07/20		MER		4,108		—
CNH	17,923,621	USD	2,522,145	07/20		MSC		8,600		—
COP	1,646,878,424	USD	442,400	07/20		CSF		—		(5,335	)
COP	950,000,000	USD	240,379	07/20		JPM		11,742		—
COP	588,368,080	USD	157,600	07/20		MSC		—		(1,453	)
CZK	21,588,641	USD	919,977	07/20		CSF		—		(9,779	)
CZK	1,447,348	USD	60,000	07/20		HSB		1,022		—
HUF	15,519,845	USD	50,000	07/20		BNP		—		(775	)
HUF	195,584,564	USD	614,370	07/20		BRC		5,973		—
HUF	1,904,226	USD	5,989	07/20		HSB		51		—
IDR	3,380,070,392	USD	236,654	07/20		MER		—		(5,213	)
ILS	712,364	USD	207,306	09/20		MSC		—		(1,137	)
INR	14,440,000	USD	190,000	07/20		JPM		554		—
INR	66,419,769	USD	868,232	07/20		MER		8,261		—
KRW	2,055,674,241	USD	1,717,022	08/20		BNP		—		(3,239	)
KRW	247,455,500	USD	205,000	08/20		CIT		1,300		—
KRW	271,616,396	USD	227,000	08/20		MSC		—		(558	)
KRW	508,209,690	USD	424,000	08/20		SCB		—		(314	)
MXN	2,552,200	USD	115,000	07/20		BNP		—		(4,436	)
MXN	15,404,445	USD	667,366	07/20		BRC		—		(27	)
MXN	51,011,994	USD	2,056,438	07/20		HSB		153,462		—
MXN	1,425,375	USD	62,544	07/20		JPM		—		(796	)
MXN	23,822,840	USD	994,782	07/20		MER		37,252		—
MYR	672,748	USD	156,909	09/20		DUB		—		(529	)
PHP	14,813,862	USD	295,421	09/20		MER		946		—
PLN	657,009	USD	159,202	07/20		BNP		6,881		—
PLN	5,544,921	USD	1,415,235	08/20		BRC		—		(13,413	)
PLN	683,565	USD	170,687	11/20		BNP		2,180		—
PLN	986,397	USD	249,207	11/20		ING		242		—
RON	1,326,351	USD	299,063	07/20		BNP		8,428		—
RON	498,801	USD	115,659	08/20		JPM		—		(234	)
RUB	9,122,698	USD	130,000	07/20		BRC		—		(2,358	)
RUB	25,484,950	USD	350,841	07/20		MER		5,736		—
RUB	111,720,990	USD	1,598,252	08/20		BRC		—		(39,546	)
SGD	1,605,570	USD	1,157,084	08/20		ANZ		—		(4,825	)
THB	474,000	USD	14,621	07/20		ANZ		714		—
THB	450,614	USD	14,051	07/20		BNP		527		—
THB	4,742,250	USD	150,000	07/20		BRC		3,419		—
THB	455,000	USD	14,035	07/20		CIT		685		—
THB	285,000	USD	8,875	07/20		HSB		345		—
THB	41,897,850	USD	1,346,008	08/20		MSC		9,427		—
TRY	3,112,138	USD	446,793	08/20		MSC		57		—
TWD	26,352,583	USD	895,281	08/20		ANZ		8,939		—
USD	385,000	BRL	1,941,497	07/20		BSC		28,019		—
USD	998,152	BRL	5,296,541	07/20		DUB		24,284		—
USD	538,443	BRL	2,842,089	08/20		HSB		16,738		—
USD	120,000	CLP	100,510,800	07/20		MER		—		(2,439	)
USD	340,000	CNH	2,421,566	07/20		JPM		—		(1,916	)
USD	175,000	COP	692,512,870	07/20		BNP		—		(8,786	)
USD	509,060	COP	2,068,260,746	07/20		CSF		—		(39,835	)
USD	45,000	COP	182,970,000	07/20		JPM		—		(3,558	)
USD	45,000	COP	167,940,000	07/20		MER		430		—
USD	158,511	CZK	3,922,264	07/20		BNP		—		(6,856	)
USD	46,384	EUR	41,103	07/20		BNP		189		—
USD	737,750	EUR	652,228	07/20		DUB		4,728		—
USD	97,687	IDR	1,400,000,000	07/20		JPM		1,826		—
USD	101,738	IDR	1,522,000,000	07/20		MER		—		(2,477	)
USD	55,000	MXN	1,390,149	07/20		BNP		—		(5,223	)
USD	901,992	MXN	21,637,988	07/20		BRC		—		(35,391	)
USD	180,000	MXN	4,395,132	07/20		BSC		—		(10,402	)
USD	149,900	MYR	641,946	09/20		DUB		679		—
USD	215,000	PEN	734,440	07/20		MER		7,742		—
USD	45,000	TRY	317,745	08/20		BNP		—		(623	)
USD	51,000	TRY	360,718	08/20		BRC		—		(793	)
USD	267,000	TRY	1,880,486	08/20		JPM		—		(3,006	)
USD	240,209	ZAR	4,140,321	07/20		BRC		2,449		—
USD	38,110	ZAR	667,611	07/20		HSB		—		(228	)
USD	158,000	ZAR	2,668,620	07/20		MER		4,753		—
USD	43,217	ZAR	752,000	08/20		BNP		161		—
USD	117,550	ZAR	2,061,463	08/20		HSB		—		(480	)
USD	72,577	ZAR	1,274,000	09/20		SCB		—		(160	)


Total Forward Foreign Currency Contracts								$374,349		($284,332	)


		Total Value at June 30, 2020		Level 1 Quoted Price		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs
Assets	Common Stocks	$	22,113,222	$	22,113,222		$—		$—
	Short-Term Investment		223,638		223,638		—		—

	Total	$	22,336,860	$	22,336,860		$—		$—


		Total Value at June 30, 2020		Level 1 Quoted Price		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs
Assets	Common Stocks		$17,761,684		$17,761,684		$—		$—
	Short-Term Investment		438,121		438,121		—		—

	Total		$18,199,805		$18,199,805		$—		$—


	Value
TOTAL INVESTMENTS - 100.1% (Cost $6,898,239)		$8,367,655

OTHER ASSETS & LIABILITIES, NET - (0.1%)		(10,539	)


NET ASSETS - 100.0%		$8,357,116


		Total Value at June 30, 2020			Level 1 Quoted Price			Level 2 Significant Observable Inputs			Level 3 Significant Unobservable Inputs
Assets	Corporate Bonds & Notes		$482,035,917			$—			$482,035,917			$—
	Asset-Backed Securities		84,627,291			—			84,627,291			—
	U.S. Treasury Obligations		323,198,188			—			323,198,188			—
	Short-Term Investments		44,259,430			1,304,936			42,954,494			—
	Derivatives:
	Equity Contracts
	Futures		14,719			14,719			—			—
	Swaps		79,961,614			—			79,961,614			—

	Total Equity Contracts		79,976,333			14,719			79,961,614			—

	Total Assets - Derivatives		79,976,333			14,719			79,961,614			—

	Total Assets		1,014,097,159			1,319,655			1,012,777,504			—


Liabilities	Derivatives:
	Equity Contracts
	Futures		(136,415	)		(136,415	)		—			—
	Swaps		(39,034,881	)		—			(39,034,881	)		—

	Total Equity Contracts		(39,171,296	)		(136,415	)		(39,034,881	)		—

	Total Liabilities - Derivatives		(39,171,296	)		(136,415	)		(39,034,881	)		—

	Total Liabilities		(39,171,296	)		(136,415	)		(39,034,881	)		—

	Total		$974,925,863			$1,183,240			$973,742,623			$—


	Shares		Value
SHORT-TERM INVESTMENT - 0.1%

Money Market Fund - 0.1%

BlackRock Liquidity Funds T-Fund Portfolio ‘Institutional’ 0.110%		17,847		$17,847


Total Short-Term Investment (Cost $17,847)				17,847


TOTAL INVESTMENTS - 98.8% (Cost $26,639,453)				31,628,161

OTHER ASSETS & LIABILITIES, NET - 1.2%				381,118


NET ASSETS - 100.0%				$32,009,279


		Total Value at June 30, 2020		Level 1 Quoted Price		Level 2 Significant Observable Input		Level 3 Significant Unobservable Input
Assets	Common Stocks
	Argentina		$113,171		$113,171		$—		$—
	Austria		218,652		—		218,652		—
	Belgium		326,682		—		326,682		—
	Canada		1,362,378		1,362,378		—		—
	China		1,710,752		—		1,710,752		—
	Denmark		581,580		—		581,580		—
	Finland		622,729		—		622,729		—
	France		5,020,753		—		5,020,753		—
	Germany		858,366		—		858,366		—
	Hong Kong		321,704		—		321,704		—
	India		437,677		—		437,677		—
	Indonesia		107,536		—		107,536		—
	Ireland		361,373		—		361,373		—
	Italy		1,724,579		—		1,724,579		—
	Japan		10,956,070		—		10,956,070		—
	Luxembourg		178,155		—		178,155		—
	Malaysia		163,089		—		163,089		—
	Netherlands		1,863,320		—		1,863,320		—
	Norway		823,611		—		823,611		—
	Russia		866,564		866,564		—		—
	South Africa		957,013		316,216		640,797		—
	South Korea		1,478,167		449,559		1,028,608		—
	Spain		473,395		—		473,395		—
	Switzerland		2,471,673		—		2,471,673		—
	Taiwan		380,715		—		380,715		—
	Thailand		334,762		—		334,762		—
	United Kingdom		3,702,262		—		3,702,262		—
	United States		113,581		113,581		—		—

	Total Common Stocks		38,530,309		3,221,469		35,308,840		—

	Exchange-Traded Fund		155,932		155,932		—		—

	Short-Term Investment		731,873		731,873		—		—

	Total		$39,418,114		$4,109,274		$35,308,840		$—


	Shares		Value
SHORT-TERM INVESTMENT - 0.7%

Money Market Fund - 0.7%

BlackRock Liquidity Funds T-Fund Portfolio ‘Institutional’ 0.110%		338,461		$338,461


Total Short-Term Investment (Cost $338,461)				338,461


TOTAL INVESTMENTS - 99.8% (Cost $39,176,129)				47,100,393

OTHER ASSETS & LIABILITIES, NET - 0.2%				101,389


NET ASSETS - 100.0%				$47,201,782


Fund/Underlying Fund	Beginning Value as of April 1, 2020		Purchase Cost (1)		Distributions Received and Reinvested (2)		Sales Proceeds		Net Realized Gain (Loss) (3)			Change in Unrealized Appreciation (Depreciation)		As of June 30, 2020
Fund/Underlying Fund	Beginning Value as of April 1, 2020		Purchase Cost (1)		Distributions Received and Reinvested (2)		Sales Proceeds		Net Realized Gain (Loss) (3)			Change in Unrealized Appreciation (Depreciation)		Ending Value		Shares Balance
Pacific Funds Portfolio Optimization Conservative
Pacific Funds Core Income		$5,870,120		$50,214		$36,441		$758,992		$13,652			$328,434		$5,539,869		490,254
Pacific Funds Floating Rate Income		2,168,559		5,944		—		2,235,815		(242,314	)		303,626		—		—
Pacific Funds High Income		22,844,778		125,579		314,519		5,906,651		(720,588	)		2,368,524		19,026,161		2,030,540
PF Inflation Managed		11,392,707		185,927		—		371,452		13,360			666,998		11,887,540		1,228,052
PF Managed Bond		72,247,239		9,569,137		—		2,390,427		50,378			3,947,681		83,424,008		7,173,174
PF Short Duration Bond		33,763,657		13,947,436		—		1,288,270		6,820			1,696,025		48,125,668		4,718,203
PF Emerging Markets Debt		14,576,809		149,870		—		7,129,230		(1,497,286	)		2,832,179		8,932,342		1,082,708
PF Growth		2,371,306		14,280		—		115,991		13,104			570,505		2,853,204		84,190
PF Large-Cap Value		4,476,046		27,202		—		208,351		(27,810	)		696,111		4,963,198		446,331
PF Multi-Asset		35,670,422		210,130		—		8,992,872		83,143			8,141,417		35,112,240		3,449,139
PF Small-Cap Growth		1,158,367		6,799		—		57,051		(6,838	)		401,950		1,503,227		78,621
PF Small-Cap Value		1,154,281		6,799		—		56,592		(34,489	)		282,140		1,352,139		214,625
PF Emerging Markets		4,289,848		38,312		—		141,345		(22,729	)		831,418		4,995,504		428,064
PF International Small-Cap		1,162,964		6,800		—		56,915		11,288			255,618		1,379,755		160,250
PF Real Estate		1,194,420		6,800		—		56,752		(5,500	)		145,629		1,284,597		111,413
		$214,341,523		$24,351,229		$350,960		$29,766,706		($2,365,809	)		$23,468,255		$230,379,452

Pacific Funds Portfolio Optimization Moderate-Conservative
Pacific Funds Core Income		$6,747,736		$45,044		$44,816		$164,469		$3,925			$411,762		$7,088,814		627,329
Pacific Funds Floating Rate Income		1,430,744		2,939		—		1,474,347		(153,647	)		194,311		—		—
Pacific Funds High Income		25,790,324		107,897		401,547		2,173,578		(261,478	)		2,302,788		26,167,500		2,792,689
PF Inflation Managed		5,456,837		51,142		—		137,060		5,843			320,762		5,697,524		588,587
PF Managed Bond		82,241,385		9,829,355		—		2,045,796		31,249			4,432,745		94,488,938		8,124,586
PF Short Duration Bond		25,602,075		9,782,740		—		742,046		2,823			1,261,245		35,906,837		3,520,278
PF Emerging Markets Debt		16,455,295		118,155		—		5,087,446		(1,117,658	)		2,978,906		13,347,252		1,617,849
PF Growth		9,963,335		41,365		—		421,681		52,851			2,409,338		12,045,208		355,421
PF Large-Cap Value		19,155,992		80,261		—		717,584		(98,920	)		2,961,463		21,381,212		1,922,771
PF Multi-Asset		69,933,180		284,002		—		14,213,084		134,876			16,040,539		72,179,513		7,090,325
PF Small-Cap Growth		1,525,730		6,173		—		68,763		14,526			507,196		1,984,862		103,811
PF Small-Cap Value		1,520,135		6,173		—		68,761		(35,299	)		361,050		1,783,298		283,063
PF Emerging Markets		11,298,209		72,545		—		274,117		(47,530	)		2,181,913		13,231,020		1,133,764
PF International Large-Cap		2,671,974		11,113		—		84,368		(17,979	)		433,335		3,014,075		287,603
PF International Small-Cap		1,531,666		6,174		—		68,762		(17,270	)		368,759		1,820,567		211,448
PF International Value		2,247,495		9,261		—		77,708		(29,979	)		374,268		2,523,337		424,804
PF Real Estate		3,146,593		12,348		—		137,526		(14,519	)		383,177		3,390,073		294,022
		$286,718,705		$20,466,687		$446,363		$27,957,096		($1,548,186	)		$37,923,557		$316,050,030

Pacific Funds Portfolio Optimization Moderate
Pacific Funds Core Income		$13,987,743		$5,482		$92,917		$306,935		$6,473			$855,783		$14,641,463		1,295,705
Pacific Funds Floating Rate Income		4,300,918		46,372		—		93,282		(9,989	)		258,144		4,502,163		483,065
Pacific Funds High Income		47,520,915		14,369		770,250		1,023,096		(102,904	)		3,989,151		51,168,685		5,460,905
PF Inflation Managed		4,113,245		1,661		—		93,008		7,534			238,410		4,267,842		440,893
PF Managed Bond		170,479,927		26,697,599		—		3,785,476		211,673			8,963,430		202,567,153		17,417,640
PF Short Duration Bond		48,760,064		11,737,376		—		1,146,091		13,280			2,168,464		61,533,093		6,032,656
PF Emerging Markets Debt		33,076,367		12,456		—		3,090,706		(767,156	)		5,357,798		34,588,759		4,192,577
PF Growth		62,315,604		10,603		—		2,805,781		442,044			14,990,005		74,952,475		2,211,640
PF Large-Cap Value		67,523,333		11,595		—		1,789,327		(333,303	)		10,467,490		75,879,788		6,823,722
PF Multi-Asset		334,558,667		55,682		—		53,283,499		494,444			77,221,276		359,046,570		35,269,800
PF Small-Cap Growth		4,599,050		763		—		222,979		8,410			1,566,939		5,952,183		311,307
PF Small-Cap Value		9,164,716		1,526		—		429,360		(169,523	)		2,146,700		10,714,059		1,700,644
PF Emerging Markets		34,060,098		9,747		—		744,082		(108,540	)		6,545,988		39,763,211		3,407,302
PF International Large-Cap		12,081,879		2,060		—		302,047		(60,326	)		1,945,411		13,666,977		1,304,101
PF International Small-Cap		9,234,086		1,525		—		474,342		(111,319	)		2,234,429		10,884,379		1,264,155
PF International Value		9,935,840		1,678		—		277,987		(105,206	)		1,631,550		11,185,875		1,883,144
PF Real Estate		14,227,870		2,288		—		625,147		(55,944	)		1,729,425		15,278,492		1,325,108
		$879,940,322		$38,612,782		$863,167		$70,493,145		($640,352	)		$142,310,393		$990,593,167


Fund	Ownership Percentage
Pacific Funds Diversified Income		100.00	%
Pacific Funds Ultra Short Income		85.14	%
Pacific Funds Large-Cap Value		39.16	%
Pacific Funds Small-Cap Growth		38.16	%
Pacific Funds Small-Cap Value		36.87	%
PF Mid-Cap Equity Fund		100.00	%