1

Conservative

Allocation

Fund

Schedule

of

Investments

December

31,

2023

(Unaudited)

Common

Stocks

-

45.9%

a

Financials

%

of

Net

Assets

Shares

$

Value

Transaction

&

Payment

Processing

Services

5.1

Mastercard,

Inc.

-

Class

A

10,500

4,478,355‌

Visa,

Inc.

-

Class

A

17,000

4,425,950‌

Fidelity

National

Information

Services,

Inc.

40,000

2,402,800‌

a

Multi-Sector

Holdings

2.8

Berkshire

Hathaway,

Inc.

-

Class

B

(a)

17,500

6,241,550‌

a

Insurance

Brokers

1.8

Aon

plc

-

Class

A

(b)

14,000

4,074,280‌

a

Diversified

Banks

1.5

JPMorgan

Chase

&

Co.

20,000

3,402,000‌

a

Financial

Exchanges

&

Data

1.5

S&P

Global,

Inc.

7,500

3,303,900‌

a

Property

&

Casualty

Insurance

1.5

Markel

Group,

Inc.

(a)

2,250

3,194,775‌

a

14.2

31,523,610‌

Information

Technology

Semiconductor

Materials

&

Equipment

4.3

Analog

Devices,

Inc.

25,000

4,964,000‌

Microchip

Technology,

Inc.

30,000

2,705,400‌

Texas

Instruments,

Inc.

11,301

1,926,368‌

a

Systems

Software

4.0

Microsoft

Corp.

15,000

5,640,600‌

Oracle

Corp.

30,000

3,162,900‌

a

IT

Consulting

&

Other

Services

1.9

Accenture

plc

-

Class

A

(b)

12,000

4,210,920‌

a

Application

Software

1.5

Roper

Technologies,

Inc.

6,000

3,271,020‌

a

11.7

25,881,208‌

Health

Care

Life

Sciences

Tools

&

Services

4.3

Danaher

Corp.

21,000

4,858,140‌

Thermo

Fisher

Scientific,

Inc.

8,750

4,644,413‌

a

Health

Care

Services

1.5

Laboratory

Corp.

of

America

Holdings

15,000

3,409,350‌

a

5.8

12,911,903‌

Materials

Construction

Materials

4.1

Vulcan

Materials

Co.

20,000

4,540,200‌

Martin

Marietta

Materials,

Inc.

9,000

4,490,190‌

a

Industrial

Gases

1.1

Linde

plc

6,000

2,464,260‌

a

5.2

11,494,650‌

a

Industrials

%

of

Net

Assets

Shares

$

Value

Industrial

Machinery

&

Supplies

&

Components

2.3

IDEX

Corp.

12,000

2,605,320‌

Fortive

Corp.

35,000

2,577,050‌

a

Environmental

&

Facilities

Services

1.2

Veralto

Corp.

32,500

2,673,450‌

a

Industrial

Conglomerates

0.9

Honeywell

International,

Inc.

9,500

1,992,245‌

a

4.4

9,848,065‌

Communication

Services

Cable

&

Satellite

2.0

Comcast

Corp.

-

Class

A

55,000

2,411,750‌

Charter

Communications,

Inc.

-

Class

A

(a)

5,000

1,943,400‌

a

Interactive

Media

&

Services

1.4

Alphabet,

Inc.

-

Class

C

(a)

22,000

3,100,460‌

a

3.4

7,455,610‌

Consumer

Staples

Distillers

&

Vintners

1.2

Diageo

plc

-

ADR

(b)

17,500

2,549,050‌

a

Total

Common

Stocks

(Cost

$54,091,658)

101,664,096‌

Non-Convertible

Preferred

Stocks

-

0.5%

a

Qurate

Retail,

Inc.

8.00%

3/15/31

(Cost

$2,948,209)

^

30,000

1,078,800‌

Corporate

Bonds

-

0.8%

a

a

a

$

Principal

Amount

$

Value

a

a

AutoZone,

Inc.

3.63%

4/15/25

500,000

491,348‌

Brown

&

Brown,

Inc

4.2%

9/15/24

390,000

385,970‌

JPMorgan

Chase

&

Co.

3.84%

6/14/25

Floating

Rate

(SOFR

+

98)

200,000

198,439‌

U.S.

Bancorp

2.4%

7/30/24

500,000

491,563‌

Vulcan

Materials

Co.

5.8%

3/1/26

250,000

250,273‌

a

Total

Corporate

Bonds

(Cost

$1,836,218)

1,817,593‌

Corporate

Convertible

Bonds

-

0.9%

a

a

Redwood

Trust,

Inc.

5.63%

7/15/24

(Cost

$1,973,461)

2,000,000

1,979,995‌

2

Conservative

Allocation

Fund

(Continued)

Schedule

of

Investments

December

31,

2023

(Unaudited)

Asset-Backed

Securities

-

8.7%

a

a

a

$

Principal

Amount

$

Value

a

a

Automobile

AmeriCredit

Automobile

Receivables

Trust

(AMCAR)

Series

2020-2

Class

D

–2.13%

3/18/26

595,000

574,221‌

ARI

Fleet

Lease

Trust

(ARIFL)

Series

2022-A

Class

A2

–3.12%

1/15/31

(c)

39,329

38,973‌

Series

2023-B

Class

A2

–6.05%

7/15/32

(c)

150,000

151,748‌

BOF

URSA

VI

Funding

Trust

I

(BOF)

Series

2023-CAR1

Class

A2

–5.54%

10/27/31

(c)

103,000

102,580‌

Series

2023-CAR2

Class

A2

–5.54%

10/27/31

(c)

239,699

238,749‌

CarMax

Auto

Owner

Trust

(CARMX)

Series

2020-3

Class

D

–2.53%

1/15/27

360,000

352,220‌

Series

2021-3

Class

C

–1.25%

5/17/27

380,000

353,553‌

CFMT

LLC

(CFMT)

Series

2021-AL1

Class

B

–1.39%

9/22/31

(c)

202,770

196,650‌

Chesapeake

Funding

II

LLC

(CFII)

Series

2021-1A

Class

A1

–0.47%

4/15/33

(c)

135,991

133,112‌

Series

2023-1A

Class

A1

–5.65%

5/15/35

(c)

416,909

418,193‌

Series

2023-2A

Class

A1

–6.16%

10/15/35

(c)

143,023

144,573‌

Enterprise

Fleet

Financing

LLC

(EFF)

Series

2023-1

Class

A2

–5.51%

1/22/29

(c)

245,510

245,850‌

Series

2023-2

Class

A2

–5.56%

4/22/30

(c)

400,000

401,278‌

Series

2023-3

Class

A2

–6.4%

3/20/30

(c)

600,000

613,657‌

Flagship

Credit

Auto

Trust

(FCAT)

Series

2020-4

Class

C

–1.28%

2/16/27

(c)

216,150

211,789‌

Foursight

Capital

Automobile

Receivables

Trust

(FCRT)

Series

2022-2

Class

A2

–4.49%

3/16/26

(c)

106,047

105,798‌

GLS

Auto

Receivables

Issuer

Trust

(GCAR)

Series

2021-1A

Class

C

–1.2%

1/15/27

(c)

46,889

46,752‌

GM

Financial

Automobile

Leasing

Trust

(GMALT)

Series

2021-3

Class

B

–0.76%

7/21/25

490,000

484,412‌

JPMorgan

Chase

Auto

Credit

Linked

Note

(CACLN)

Series

2020-2

Class

A2

–0.84%

2/25/28

(c)

1,089

1,085‌

Series

2021-1

Class

A2

–0.88%

9/25/28

(c)

84,490

82,980‌

Series

2021-2

Class

A4

–0.89%

12/26/28

(c)

78,037

76,298‌

LAD

Auto

Receivables

Trust

(LADAR)

Series

2021-1A

Class

A

–1.3%

8/17/26

(c)

126,588

125,057‌

Series

2022-1A

Class

A

–5.21%

6/15/27

(c)

302,352

300,874‌

Series

2023-1A

Class

A2

–5.68%

10/15/26

(c)

157,417

157,258‌

Series

2023-2A

Class

A2

–5.93%

6/15/27

(c)

306,348

306,626‌

Series

2023-4A

Class

A3

–6.1%

12/15/27

(c)

225,000

227,453‌

Merchants

Fleet

Funding

LLC

(MFF)

Series

2023-1A

Class

A

–7.21%

5/20/36

(c)

460,000

465,024‌

OneMain

Direct

Auto

Receivables

Trust

(ODART)

Series

2021-1A

Class

A

–0.87%

7/14/28

(c)

436,376

418,961‌

Series

2022-1A

Class

C

–1.42%

7/14/28

(c)

447,000

406,655‌

Santander

Drive

Auto

Receivables

Trust

(SDART)

Series

2020-2

Class

D

–2.22%

9/15/26

143,012

141,304‌

SFS

Auto

Receivables

Securitization

Trust

(SFS)

Series

2023-1A

Class

A2A

–5.89%

3/22/27

(c)

90,302

90,476‌

Westlake

Automobile

Receivables

Trust

(WLAKE)

Series

2021-2A

Class

B

–0.62%

7/15/26

(c)

2,689

2,685‌

Wheels

Fleet

Lease

Funding

LLC

(WFLF)

Series

2023-2A

Class

A

–6.46%

8/18/38

(c)

700,000

708,853‌

a

8,325,697‌

a

Collateralized

Loan

Obligations

ABPCI

Direct

Lending

Fund

CLO

X

LP

(ABPCI)

Series

2020-10A

Class

A

–7.54%

1/20/32

Floating

Rate

(TSFR3M

+

221)

(b)

(c)

(d)

500,000

500,731‌

a

a

a

$

Principal

Amount

$

Value

a

a

Audax

Senior

Debt

CLO

6

LLC

(AUDAX)

Series

2021-6A

Class

A1

–7.18%

10/20/33

Floating

Rate

(TSFR3M

+

176)

(c)

(d)

500,000

496,976‌

BlackRock

Rainier

CLO

VI

Ltd.

(BLKMM)

Series

2021-6A

Class

A

–7.38%

4/20/33

Floating

Rate

(TSFR3M

+

196)

(b)

(c)

(d)

500,000

498,195‌

Capital

Four

US

CLO

II

Ltd.

(C4US)

Series

2022-1A

Class

A1

–7.56%

10/20/30

Floating

Rate

(TSFR3M

+

214)

(b)

(c)

(d)

453,048

454,087‌

Cerberus

Loan

Funding

LP

(CERB)

Series

2020-1A

Class

A

–7.51%

10/15/31

Floating

Rate

(TSFR3M

+

211)

(b)

(c)

(d)

229,540

229,527‌

Series

2021-6A

Class

A

–7.06%

11/22/33

Floating

Rate

(TSFR3M

+

166)

(b)

(c)

(d)

42,586

42,605‌

Churchill

Middle

Market

CLO

III

Ltd.

(CHMML)

Series

2021-1A

Class

A1

–7.16%

10/24/33

Floating

Rate

(TSFR3M

+

176)

(b)

(c)

(d)

250,000

248,514‌

Fortress

Credit

Opportunities

XV

CLO

Ltd.

(FCO)

Series

2021-15A

Class

A2

–7.19%

4/25/33

Floating

Rate

(TSFR3M

+

181)

(b)

(c)

(d)

500,000

496,727‌

Golub

Capital

Partners

CLO

54M

LP

(GOCAP)

Series

2021-54A

Class

A2

–7.18%

8/5/33

Floating

Rate

(TSFR3M

+

179)

(b)

(c)

(d)

500,000

497,804‌

Monroe

Capital

MML

CLO

XII

Ltd.

(MCMML)

Series

2021-2A

Class

A1

–7.15%

9/14/33

Floating

Rate

(TSFR3M

+

176)

(b)

(c)

(d)

500,000

498,521‌

Palmer

Square

Loan

Funding

Ltd.

(PSTAT)

Series

2021-1A

Class

A2

–6.93%

4/20/29

Floating

Rate

(TSFR3M

+

151)

(b)

(c)

(d)

500,000

493,261‌

a

4,456,948‌

a

Consumer

&

Specialty

Finance

Foundation

Finance

Trust

(FFIN)

Series

2021-2A

Class

A

–2.19%

1/15/42

(c)

123,556

112,196‌

Series

2023-2A

Class

A

–6.53%

6/15/49

(c)

213,142

217,408‌

Lendingpoint

Asset

Securitization

Trust

(LDPT)

Series

2022-C

Class

A

–6.56%

2/15/30

(c)

126,967

126,911‌

Marlette

Funding

Trust

(MFT)

Series

2023-1A

Class

A

–6.07%

4/15/33

(c)

110,866

110,801‌

Series

2023-3A

Class

A

–6.49%

9/15/33

(c)

162,278

162,502‌

Octane

Receivables

Trust

(OCTL)

Series

2021-1A

Class

A5

–0.93%

3/22/27

(c)

17,957

17,689‌

Series

2021-2A

Class

A

–1.21%

9/20/28

(c)

65,727

64,000‌

Series

2022-1A

Class

A2

–4.18%

3/20/28

(c)

121,548

120,190‌

Series

2022-2A

Class

A

–5.11%

2/22/28

(c)

114,098

113,337‌

Upstart

Securitization

Trust

(UPST)

Series

2021-5

Class

A

–1.31%

11/20/31

(c)

20,710

20,565‌

a

1,065,599‌

a

Equipment

Amur

Equipment

Finance

Receivables

IX

LLC

(AXIS)

Series

2021-1A

Class

A2

–0.75%

11/20/26

(c)

92,304

91,265‌

Amur

Equipment

Finance

Receivables

XI

LLC

(AXIS)

Series

2022-2A

Class

A2

–5.3%

6/21/28

(c)

109,729

109,478‌

Amur

Equipment

Finance

Receivables

XII

LLC

(AXIS)

Series

2023-1A

Class

A2

–6.09%

12/20/29

(c)

249,249

251,384‌

Dell

Equipment

Finance

Trust

(DEFT)

Series

2021-2

Class

A2

–0.53%

12/22/26

(c)

173,531

172,124‌

Series

2023-2

Class

A2

–5.84%

1/22/29

(c)

200,000

200,532‌

Series

2023-3

Class

A2

–6.1%

4/23/29

(c)

150,000

150,988‌

3

a

a

a

$

Principal

Amount

$

Value

a

a

Dext

ABS

LLC

(DEXT)

Series

2023-2

Class

A2

–6.56%

5/15/34

(c)

700,000

703,756‌

Granite

Park

Equipment

Leasing

LLC

(SCFGP)

Series

2023-1A

Class

A2

–6.51%

5/20/30

(c)

350,000

353,095‌

GreatAmerica

Leasing

Receivables

Funding

LLC

(GALC)

Series

2021-1

Class

B

–0.72%

12/15/26

(c)

500,000

476,071‌

HPEFS

Equipment

Trust

(HPEFS)

Series

2023-1A

Class

A2

–5.43%

8/20/25

(c)

461,182

460,629‌

MMAF

Equipment

Finance

LLC

(MMAF)

Series

2022-A

Class

A2

–2.77%

2/13/25

(c)

79,729

79,334‌

Series

2022-B

Class

A2

–5.57%

9/9/25

(c)

172,372

172,188‌

Series

2022-B

Class

A3

–5.61%

7/10/28

(c)

250,000

251,706‌

Series

2023-A

Class

A2

–5.79%

11/13/26

(c)

175,000

175,673‌

SCF

Equipment

Leasing

LLC

(SCFET)

Series

2022-2A

Class

A2

–6.24%

7/20/28

(c)

56,529

56,549‌

Series

2022-2A

Class

A3

–6.5%

10/21/30

(c)

250,000

252,092‌

SCF

Equipment

Trust

LLC

(SCFET)

Series

2023-1A

Class

A2

–6.56%

1/22/30

(c)

1,000,000

1,008,037‌

a

4,964,901‌

a

Other

Verizon

Master

Trust

(VZMT)

Series

2023-7

Class

A1A

–5.67%

11/20/29

465,000

478,290‌

a

Total

Asset-Backed

Securities

(Cost

$19,265,298)

19,291,435‌

Commercial

Mortgage-Backed

Securities

-

2.7%

a

a

AREIT

LLC

(AREIT)

Series

2023-CRE8

Class

AS

–8.23%

8/17/41

Floating

Rate

(TSFR1M

+

287)

(c)

500,000

498,932‌

AREIT

Trust

(AREIT)

Series

2021-CRE5

Class

A

–6.55%

11/17/38

Floating

Rate

(TSFR1M

+

119)

(c)

332,204

323,559‌

CLNC

Ltd.

(CLNC)

Series

2019-FL1

Class

AS

–7.02%

8/20/35

Floating

Rate

(TSFR1M

+

166)

(b)

(c)

500,000

493,967‌

FS

Rialto

Issuer

LLC

(FSRI)

Series

2022-FL5

Class

A

–7.66%

6/19/37

Floating

Rate

(TSFR1M

+

230)

(b)

(c)

500,000

495,764‌

GPMT

Ltd.

(GPMT)

Series

2021-FL3

Class

A

–6.72%

7/16/35

Floating

Rate

(TSFR1M

+

136)

(b)

(c)

272,998

268,268‌

HERA

Commercial

Mortgage

Ltd.

(HCM)

Series

2021-FL1

Class

A

–6.52%

2/18/38

Floating

Rate

(TSFR1M

+

116)

(b)

(c)

371,173

361,572‌

HGI

CRE

CLO

Ltd.

(HGI)

Series

2021-FL1

Class

A4

–6.52%

6/16/36

Floating

Rate

(TSFR1M

+

116)

(b)

(c)

142,692

139,404‌

Series

2021-FL1

Class

AS

–6.87%

6/16/36

Floating

Rate

(TSFR1M

+

151)

(b)

(c)

500,000

481,405‌

Series

2021-FL2

Class

A4

–6.47%

9/17/36

Floating

Rate

(TSFR1M

+

111)

(b)

(c)

137,050

133,475‌

HIG

RCP

LLC

(HIG)

Series

2023-FL1

Class

A

–7.64%

9/19/38

Floating

Rate

(TSFR1M

+

227)

(b)

(c)

500,000

498,117‌

KREF

Ltd.

(KREF)

Series

2021-FL2

Class

A4

–6.55%

2/15/39

Floating

Rate

(TSFR1M

+

118)

(b)

(c)

500,000

487,277‌

a

a

a

$

Principal

Amount

$

Value

a

a

Series

2022-FL3

Class

A

–6.81%

2/17/39

Floating

Rate

(TSFR1M

+

145)

(b)

(c)

500,000

494,725‌

LoanCore

Issuer

Ltd.

(LNCR)

Series

2021-CRE5

Class

A

–6.78%

7/15/36

Floating

Rate

(TSFR1M

+

141)

(b)

(c)

398,212

393,113‌

PFP

Ltd.

(PFP)

Series

2022-9

Class

A

–7.64%

8/19/35

Floating

Rate

(TSFR1M

+

227)

(b)

(c)

250,000

249,707‌

STWD

Ltd.

(STWD)

Series

2022-FL3

Class

A

–6.69%

11/15/38

Floating

Rate

(SOFR30A

+

135)

(b)

(c)

500,000

485,748‌

VMC

Finance

LLC

(VMC)

Series

2021-FL4

Class

A

–6.57%

6/16/36

Floating

Rate

(TSFR1M

+

121)

(c)

230,599

225,167‌

a

Total

Commercial

Mortgage-Backed

Securities

(Cost

$6,088,093)

6,030,200‌

Mortgage-Backed

Securities

-

2.9%

a

a

Federal

Home

Loan

Mortgage

Corporation

Collateralized

Mortgage

Obligations

Series

3649

Class

A

–4%

3/15/25

2,792

2,761‌

a

Pass-Through

Securities

Pool#

J14649

–

3.5%

4/1/26

8,894

8,682‌

Pool#

E02948

–

3.5%

7/1/26

19,281

18,784‌

Pool#

J16663

–

3.5%

9/1/26

13,261

13,015‌

Pool#

ZS8692

–

2.5%

4/1/33

119,178

110,964‌

Pool#

SB8257

–

5.5%

9/1/38

1,279,397

1,297,973‌

1,452,179‌

a

Federal

National

Mortgage

Association

Pass-Through

Securities

Pool#

995755

–

4.5%

5/1/24

185

184‌

Pool#

AB1769

–

3%

11/1/25

6,746

6,525‌

Pool#

AB3902

–

3%

11/1/26

22,319

21,739‌

Pool#

AK3264

–

3%

2/1/27

18,565

18,065‌

Pool#

AB6291

–

3%

9/1/27

111,312

108,060‌

Pool#

MA3189

–

2.5%

11/1/27

91,866

88,522‌

Pool#

MA3791

–

2.5%

9/1/29

219,476

209,571‌

Pool#

BM5708

–

3%

12/1/29

105,642

102,440‌

Pool#

AS7701

–

2.5%

8/1/31

607,457

573,765‌

Pool#

MA3540

–

3.5%

12/1/33

69,604

68,361‌

1,197,232‌

a

Government

National

Mortgage

Association

Pass-Through

Securities

Pool#

5255

–

3%

12/20/26

21,531

20,978‌

a

Non-Government

Agency

Collateralized

Mortgage

Obligations

Flagstar

Mortgage

Trust

(FSMT)

Series

2021-7

Class

B

–2.5%

8/25/51

(c)

(d)

384,515

335,872‌

GS

Mortgage-Backed

Securities

Trust

(GSMBS)

Series

2022-PJ1

Class

AB

–2.5%

5/28/52

(c)

(d)

429,958

372,801‌

JPMorgan

Mortgage

Trust

(JPMMT)

Series

2014-5

Class

B

–2.75%

10/25/29

(c)

(d)

40,248

38,535‌

Series

2016-3

Class

A

–2.97%

10/25/46

(c)

(d)

125,873

117,128‌

4

Conservative

Allocation

Fund

(Continued)

Schedule

of

Investments

December

31,

2023

(Unaudited)

a

a

a

$

Principal

Amount

$

Value

a

a

Series

2017-3

Class

A

–2.5%

8/25/47

(c)

(d)

159,213

137,920‌

Series

2020-7

Class

A

–3%

1/25/51

(c)

(d)

23,523

22,991‌

Series

2020-8

Class

A

–3%

3/25/51

(c)

(d)

64,972

62,139‌

Series

2021-6

Class

B

–2.5%

10/25/51

(c)

(d)

504,045

442,320‌

Series

2021-8

Class

B

–2.5%

12/25/51

(c)

(d)

368,227

322,760‌

Series

2022-2

Class

A4A

–2.5%

8/25/52

(c)

(d)

298,531

259,207‌

Series

2023-6

Class

A4A

–5.5%

12/26/53

(c)

(d)

687,119

681,647‌

JPMorgan

Wealth

Management

(JPMWM)

Series

2020-ATR1

Class

A

–3%

2/25/50

(c)

(d)

16,268

16,051‌

RCKT

Mortgage

Trust

(RCKT)

Series

2021-3

Class

A5

–2.5%

7/25/51

(c)

(d)

349,743

306,738‌

Sequoia

Mortgage

Trust

(SEMT)

Series

2019-CH2

Class

A

–4.5%

8/25/49

(c)

(d)

22,153

21,760‌

Series

2020-3

Class

A

–3%

4/25/50

(c)

(d)

30,644

29,492‌

Series

2023-3

Class

A4

–6%

9/25/53

(c)

(d)

466,819

468,866‌

3,636,227‌

a

Total

Mortgage-Backed

Securities

(Cost

$6,681,786)

6,306,616‌

U.S.

Treasuries

-

35.8%

a

a

U.S.

Treasury

Notes

2.75%

2/15/24

2,000,000

1,993,706‌

2.13%

2/29/24

2,000,000

1,989,757‌

2%

4/30/24

2,000,000

1,979,094‌

2.5%

5/31/24

1,000,000

988,848‌

3%

6/30/24

2,000,000

1,979,110‌

0.38%

9/15/24

2,000,000

1,936,941‌

4.25%

9/30/24

2,000,000

1,989,838‌

2.25%

10/31/24

2,000,000

1,956,954‌

1.13%

1/15/25

2,000,000

1,926,705‌

1.38%

1/31/25

2,000,000

1,930,078‌

2%

2/15/25

2,000,000

1,941,484‌

2.63%

3/31/25

2,000,000

1,952,969‌

2.75%

5/15/25

3,000,000

2,929,453‌

0.25%

6/30/25

2,000,000

1,878,828‌

0.25%

7/31/25

2,000,000

1,873,320‌

3.13%

8/15/25

2,000,000

1,960,469‌

2.75%

8/31/25

2,000,000

1,947,266‌

3.5%

9/15/25

2,000,000

1,970,820‌

3%

10/31/25

2,000,000

1,953,750‌

2.25%

11/15/25

2,000,000

1,926,641‌

0.38%

11/30/25

2,000,000

1,857,539‌

0.38%

1/31/26

1,000,000

924,043‌

4%

2/15/26

2,000,000

1,991,133‌

2.38%

4/30/26

2,000,000

1,922,500‌

0.75%

5/31/26

2,000,000

1,846,523‌

1.5%

8/15/26

2,000,000

1,872,187‌

4.63%

9/15/26

2,000,000

2,028,086‌

1.63%

10/31/26

4,000,000

3,745,469‌

2%

11/15/26

3,000,000

2,836,641‌

1.88%

2/28/27

2,000,000

1,875,117‌

2.38%

5/15/27

2,000,000

1,900,000‌

0.5%

8/31/27

2,000,000

1,767,383‌

4.13%

10/31/27

2,000,000

2,012,813‌

2.25%

11/15/27

2,000,000

1,880,859‌

3.5%

1/31/28

2,000,000

1,968,711‌

4%

2/29/28

2,000,000

2,006,914‌

3.5%

4/30/28

2,000,000

1,968,477‌

4.13%

7/31/28

2,000,000

2,020,898‌

a

a

a

$

Principal

Amount

$

Value

a

a

4.63%

9/30/28

2,000,000

2,064,688‌

2.88%

4/30/29

1,000,000

951,367‌

4%

10/31/29

1,000,000

1,004,863‌

a

Total

U.S.

Treasuries

(Cost

$80,791,876)

79,452,242‌

Cash

Equivalents

-

1.5%

a

a

JPMorgan

U.S.

Government

Money

Market

Fund

-

Institutional

Class

5.21%

(Cost

$3,433,184)

(e)

3,433,184

3,433,184‌

Short-Term

Securities

Held

as

Collateral

for

Securities

on

Loan

-

0.0%

a

a

a

Goldman

Sachs

Financial

Square

Government

Fund

Institutional

Class

–

5.23%

(e)

43,875

43,875‌

Citibank

N.A.

DDCA

5.32%

4,875

4,875‌

a

Total

Short-Term

Securities

Held

as

Collateral

for

Securities

on

Loan

(Cost

$48,750)

48,750‌

Total

Investments

in

Securities

(Cost

$177,158,533)

221,102,911‌

Other

Assets

Less

Other

Liabilities

-  0.3%

699,693‌

Net

Assets

-

100%

221,802,604‌

Net

Asset

Value

Per

Share

-

Investor

Class

16.55

Net

Asset

Value

Per

Share

-

Institutional

Class

16.57

^

This

security

or

a

partial

position

of

this

security

was

on

loan

as

of

December

31,

2023.

The

total

value

of

securities

on

loan

as

of

December

31,

2023

was

$47,541.

(a)

Non-income

producing.

(b)

Foreign

domiciled

entity.

(c)

Security

is

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933.

This

security

may

be

resold

in

transactions

that

are

exempt

from

registration,

normally

to

qualified

institutional

buyers.

(d)

The

interest

rate

resets

periodically

based

on

the

weighted

average

coupons

of

the

underlying

mortgage-related

or

asset-backed

obligations.

(e)

Rate

presented

represents

the

7

day

average

yield

at

December

31,

2023.

5

Core

Plus

Income

Fund

Schedule

of

Investments

December

31,

2023

(Unaudited)

Corporate

Bonds

-

13.1%

a

a

a

$

Principal

Amount

$

Value

a

Abercrombie

&

Fitch

Management

Co.

8.75%

7/15/25

(a)

1,428,000

1,450,918‌

Aircastle,

Ltd.

5.25%

8/11/25

(a)

(b)

5,171,000

5,100,283‌

Ally

Financial,

Inc.

8%

11/1/31

2,000,000

2,193,331‌

American

Airlines

Group,

Inc.

3.75%

3/1/25

(a)

1,000,000

975,441‌

American

Airlines,

Inc./AAdvantage

Loyalty

IP

Ltd.

5.5%

4/20/26

(a)

2,750,000

2,732,184‌

5.75%

4/20/29

(a)

1,000,000

975,908‌

Antares

Holdings,

LP

7.95%

8/11/28

(a)

3,000,000

3,108,514‌

Ares

Capital

Corp.

2.88%

6/15/28

1,000,000

886,938‌

Ashtead

Capital,

Inc.

4.38%

8/15/27

(a)

1,000,000

961,403‌

4%

5/1/28

(a)

1,070,000

1,007,947‌

2.45%

8/12/31

(a)

500,000

407,481‌

5.55%

5/30/33

(a)

250,000

247,599‌

5.95%

10/15/33

(a)

1,000,000

1,019,629‌

AT&T,

Inc.

6.8%

5/15/36

713,000

792,091‌

Axalta

Coating

Systems

LLC

3.38%

2/15/29

(a)

624,000

560,614‌

Bath

&

Body

Works,

Inc.

6.95%

3/1/33

3,675,000

3,677,661‌

6.88%

11/1/35

301,000

305,200‌

6.75%

7/1/36

2,756,000

2,777,196‌

Berkshire

Hathaway

Finance

Corp.

4.25%

1/15/49

500,000

466,926‌

Blue

Owl

Credit

Income

Corp.

7.75%

1/15/29

(a)

5,000,000

5,162,125‌

Broadcom,

Inc.

3.42%

4/15/33

(a)

350,000

307,567‌

3.14%

11/15/35

(a)

1,014,000

833,012‌

Cantor

Fitzgerald

LP

4.5%

4/14/27

(a)

1,500,000

1,441,029‌

7.2%

12/12/28

(a)

1,000,000

1,025,914‌

Carlisle

Cos.,

Inc.

3.5%

12/1/24

532,000

522,192‌

3.75%

12/1/27

500,000

479,464‌

CDW

LLC

/

CDW

Finance

Corp.

4.25%

4/1/28

4,000,000

3,834,217‌

3.28%

12/1/28

1,000,000

918,563‌

Charles

Schwab

Corp.

(The)

1.95%

12/1/31

5,000,000

4,013,730‌

Charter

Communications

Operating

LLC/Charter

Communications

Operating

Capital

4.2%

3/15/28

650,000

624,882‌

Choice

Hotels

International,

Inc.

3.7%

1/15/31

250,000

215,681‌

Cinemark

USA,

Inc.

5.88%

3/15/26

(a)

500,000

489,850‌

5.25%

7/15/28^

(a)

3,000,000

2,755,139‌

Compass

Group

Diversified

Holdings

LLC

5.25%

4/15/29

(a)

2,581,000

2,440,879‌

Concentrix

Corp.

6.6%

8/2/28

3,165,000

3,258,474‌

6.85%

8/2/33

4,812,000

4,952,745‌

a

a

a

$

Principal

Amount

$

Value

a

CoStar

Group,

Inc.

2.8%

7/15/30

(a)

5,846,000

4,975,145‌

Delta

Air

Lines,

Inc./SkyMiles

IP

Ltd.

4.5%

10/20/25

(a)

370,000

364,522‌

4.75%

10/20/28

(a)

1,100,000

1,082,460‌

Devon

Energy

Corp.

5.25%

10/15/27

325,000

326,978‌

4.5%

1/15/30

920,000

884,034‌

Diamondback

Energy,

Inc.

3.25%

12/1/26

75,000

72,672‌

3.5%

12/1/29

100,000

92,938‌

Dick's

Sporting

Goods,

Inc.

3.15%

1/15/32

1,700,000

1,449,494‌

Dow

Chemical

Co.

(The)

4.25%

10/1/34

1,052,000

1,008,202‌

Drax

Finco

PLC

6.63%

11/1/25

(a)

(b)

1,000,000

984,829‌

Element

Fleet

Management

Corp.

3.85%

6/15/25

(a)

(b)

1,000,000

972,662‌

Energy

Transfer

LP

2.9%

5/15/25

500,000

484,845‌

6%

2/1/29

(a)

1,000,000

1,009,639‌

7.38%

2/1/31

(a)

900,000

946,404‌

Enterprise

Products

Operating

LLC

4.45%

2/15/43

990,000

905,089‌

EPR

Properties

(EPR)

4.75%

12/15/26

1,250,000

1,196,981‌

4.5%

6/1/27

3,330,000

3,144,563‌

4.95%

4/15/28

3,830,000

3,636,747‌

3.6%

11/15/31

350,000

290,611‌

Essential

Properties

LP

2.95%

7/15/31

11,081,000

8,725,437‌

Expedia

Group,

Inc.

3.8%

2/15/28

484,000

467,009‌

3.25%

2/15/30

90,000

82,561‌

Gap,

Inc.

(The)

3.88%

10/1/31

(a)

106,000

87,445‌

HEICO

Corp.

5.25%

8/1/28

3,000,000

3,065,099‌

5.35%

8/1/33

1,000,000

1,024,415‌

Hercules

Capital,

Inc.

2.63%

9/16/26

1,000,000

903,174‌

Highwoods

Realty

LP

3.88%

3/1/27

750,000

696,762‌

3.05%

2/15/30

1,600,000

1,324,123‌

2.6%

2/1/31

500,000

389,217‌

Host

Hotels

&

Resorts

LP

Series

H

3.38%

12/15/29

612,000

550,035‌

Indiana

Bell

Telephone

Co.,

Inc.

7.3%

8/15/26

535,000

558,072‌

Ingersoll

Rand,

Inc.

5.4%

8/14/28

1,000,000

1,031,127‌

International

Flavors

&

Fragrances,

Inc.

(IFF)

4.45%

9/26/28

1,662,000

1,622,846‌

5%

9/26/48

1,500,000

1,277,800‌

Kilroy

Realty,

LP

2.65%

11/15/33

280,000

212,630‌

Kite

Realty

Group

Trust

(KRG)

4.75%

9/15/30

2,315,000

2,183,011‌

Lennar

Corp.

4.75%

5/30/25

622,000

618,537‌

6

Core

Plus

Income

Fund

(Continued)

Schedule

of

Investments

December

31,

2023

(Unaudited)

a

a

a

$

Principal

Amount

$

Value

a

LKQ

Corp.

6.25%

6/15/33

5,000,000

5,229,136‌

LPL

Holdings,

Inc.

6.75%

11/17/28

3,000,000

3,199,935‌

LXP

Industrial

Trust

6.75%

11/15/28

3,000,000

3,156,273‌

2.7%

9/15/30

500,000

414,931‌

Markel

Group,

Inc.

3.5%

11/1/27

550,000

523,178‌

Marriott

International,

Inc.

Series

HH

2.85%

4/15/31

500,000

432,988‌

Masonite

International

Corp.

5.38%

2/1/28

(a)

646,000

621,039‌

3.5%

2/15/30

(a)

200,000

173,605‌

MasTec,

Inc.

4.5%

8/15/28

(a)

3,881,000

3,649,366‌

Micron

Technology,

Inc.

4.19%

2/15/27

500,000

490,670‌

Mileage

Plus

Holdings

LLC/Mileage

Plus

Intellectual

Property

Assets

Ltd.

6.5%

6/20/27

(a)

1,263,500

1,268,009‌

MPLX

LP

4.88%

6/1/25

190,000

188,942‌

4%

3/15/28

85,000

82,019‌

4.8%

2/15/29

250,000

248,434‌

4.7%

4/15/48

551,000

476,090‌

OneMain

Finance

Corp.

3.88%

9/15/28

1,994,000

1,765,816‌

5.38%

11/15/29

3,303,000

3,097,746‌

Oracle

Corp.

4.13%

5/15/45

1,000,000

817,592‌

3.6%

4/1/50

470,000

348,541‌

Owl

Rock

Core

Income

Corp.

5.5%

3/21/25

11,807,000

11,648,486‌

Penske

Truck

Leasing

Co.

Lp

/

PTL

Finance

Corp.

6.05%

8/1/28

(a)

2,000,000

2,075,011‌

Phillips

Edison

Grocery

Center

Operating

Partnership

I

LP

2.63%

11/15/31

4,100,000

3,281,863‌

Physicians

Realty

LP

4.3%

3/15/27

1,271,000

1,237,497‌

2.63%

11/1/31

7,577,000

6,240,154‌

Plains

All

American

Pipeline

LP/PAA

Finance

Corp.

3.55%

12/15/29

798,000

735,309‌

4.3%

1/31/43

75,000

59,798‌

Polaris,

Inc.

6.95%

3/15/29

1,000,000

1,064,695‌

Realty

Income

Corp.

4.85%

3/15/30

1,000,000

1,005,400‌

RELX

Capital,

Inc.

4%

3/18/29

500,000

492,026‌

4.75%

5/20/32

250,000

252,102‌

Retail

Opportunity

Investments

Partnership

LP

6.75%

10/15/28

3,445,000

3,622,827‌

Rocket

Mortgage

LLC

/

Rocket

Mortgage

Co-Issuer,

Inc.

3.88%

3/1/31

(a)

200,000

176,154‌

4%

10/15/33

(a)

1,450,000

1,233,491‌

Spirit

Realty

LP

4%

7/15/29

2,000,000

1,899,768‌

STORE

Capital

Corp.

4.5%

3/15/28

503,000

463,004‌

4.63%

3/15/29

2,463,000

2,274,934‌

a

a

a

$

Principal

Amount

$

Value

a

2.7%

12/1/31

1,250,000

948,402‌

Take-Two

Interactive

Software,

Inc.

3.7%

4/14/27

1,000,000

969,828‌

Tempur

Sealy

International,

Inc.

4%

4/15/29

(a)

400,000

361,711‌

3.88%

10/15/31

(a)

1,500,000

1,269,986‌

T-Mobile

USA,

Inc.

2.63%

4/15/26

250,000

237,940‌

3.38%

4/15/29

4,000,000

3,720,953‌

Twilio,

Inc.

3.88%

3/15/31

300,000

267,754‌

United

Wholesale

Mortgage

LLC

5.75%

6/15/27

(a)

200,000

196,227‌

5.5%

4/15/29

(a)

700,000

663,512‌

VICI

Properties

LP

4.95%

2/15/30

500,000

485,655‌

VICI

Properties

LP/VICI

Note

Co.,

Inc.

4.13%

8/15/30

(a)

1,120,000

1,021,390‌

VistaJet

Malta

Finance

PLC

/

Vista

Management

Holding,

Inc.

7.88%

5/1/27^

(a)

(b)

4,462,000

3,842,926‌

6.38%

2/1/30^

(a)

(b)

100,000

69,918‌

Vontier

Corp.

2.95%

4/1/31

100,000

84,346‌

a

Total

Corporate

Bonds

(Cost

$188,685,466)

189,658,219‌

Corporate

Convertible

Bonds

-

0.1%

a

Redwood

Trust,

Inc.

5.63%

7/15/24

700,000

692,998‌

5.75%

10/1/25

500,000

469,688‌

a

Total

Corporate

Convertible

Bonds

(Cost

$1,199,139)

1,162,686‌

Asset-Backed

Securities

-

21.6%

a

Automobile

ACM

Auto

Trust

(ACM)

Series

2023-1A

Class

B

–7.26%

1/22/30

(a)

2,550,000

2,547,949‌

Series

2023-1A

Class

C

–8.59%

1/22/30

(a)

2,500,000

2,489,509‌

Series

2023-2A

Class

A

–7.97%

6/20/30

(a)

4,838,782

4,856,097‌

Series

2023-2A

Class

B

–9.85%

6/20/30

(a)

7,000,000

7,050,292‌

American

Credit

Acceptance

Receivables

Trust

(ACAR)

Series

2020-4

Class

D

–1.77%

12/14/26

(a)

2,600,000

2,576,521‌

AmeriCredit

Automobile

Receivables

Trust

(AMCAR)

Series

2020-2

Class

D

–2.13%

3/18/26

1,500,000

1,447,617‌

Series

2020-3

Class

D

–1.49%

9/18/26

1,250,000

1,182,475‌

Series

2022-1

Class

C

–2.98%

9/20/27

450,000

429,834‌

Arivo

Acceptance

Auto

Loan

Receivables

Trust

(ARIVO)

Series

2021-1A

Class

A

–1.19%

1/15/27

(a)

15,582

15,343‌

Series

2022-2A

Class

C

–9.84%

3/15/29

(a)

1,000,000

1,033,557‌

Avid

Automobile

Receivables

Trust

(AVID)

Series

2023-1

Class

A

–6.63%

7/15/26

(a)

810,309

809,866‌

Series

2023-1

Class

B

–7.12%

3/15/27

(a)

1,500,000

1,501,658‌

BOF

URSA

VI

Funding

Trust

I

(BOF)

Series

2023-CAR1

Class

A2

–5.54%

10/27/31

(a)

514,998

512,899‌

Series

2023-CAR2

Class

A2

–5.54%

10/27/31

(a)

1,198,496

1,193,746‌

7

a

a

a

$

Principal

Amount

$

Value

a

BOF

VII

AL

Funding

Trust

I

(BOF)

Series

2023-CAR3

Class

A2

–6.29%

7/26/32

(a)

4,051,091

4,078,307‌

CFMT

LLC

(CFMT)

Series

2021-AL1

Class

B

–1.39%

9/22/31

(a)

473,130

458,851‌

Drive

Auto

Receivables

Trust

(DRIVE)

Series

2021-1

Class

D

–1.45%

1/16/29

610,000

585,304‌

Enterprise

Fleet

Financing

LLC

(EFF)

Series

2023-2

Class

A2

–5.56%

4/22/30

(a)

2,000,000

2,006,390‌

Exeter

Automobile

Receivables

Trust

(EART)

Series

2021-4A

Class

C

–1.46%

10/15/27

1,145,000

1,122,570‌

FHF

Issuer

Trust

(FHF)

Series

2023-2A

Class

A2

–6.79%

10/15/29

(a)

1,750,000

1,773,279‌

First

Help

Financial

Trust

(FHF)

Series

2023-1A

Class

A2

–6.57%

6/15/28

(a)

3,108,968

3,099,744‌

First

Investors

Auto

Owner

Trust

(FIAOT)

Series

2022-1A

Class

A

–2.03%

1/15/27

(a)

123,612

121,477‌

Series

2022-2A

Class

D

–8.71%

10/16/28

(a)

1,000,000

1,054,023‌

Flagship

Credit

Auto

Trust

(FCAT)

Series

2021-1

Class

E

–2.72%

4/17/28

(a)

1,500,000

1,386,777‌

Series

2021-2

Class

C

–1.27%

6/15/27

(a)

2,100,000

1,995,599‌

Series

2021-3

Class

C

–1.46%

9/15/27

(a)

255,000

237,942‌

Series

2021-4

Class

D

–2.26%

12/15/27

(a)

350,000

318,982‌

Foursight

Capital

Automobile

Receivables

Trust

(FCRT)

Series

2022-2

Class

A2

–4.49%

3/16/26

(a)

106,047

105,798‌

GLS

Auto

Receivables

Issuer

Trust

(GCAR)

Series

2021-1A

Class

C

–1.2%

1/15/27

(a)

49,357

49,212‌

Series

2021-2A

Class

D

–1.42%

4/15/27

(a)

405,000

383,258‌

Series

2021-3A

Class

C

–1.11%

9/15/26

(a)

800,000

781,472‌

Series

2021-4A

Class

D

–2.48%

10/15/27

(a)

455,000

425,860‌

JPMorgan

Chase

Bank

NA

(CACLN)

Series

2021-2

Class

E

–2.28%

12/26/28

(a)

156,074

153,051‌

LAD

Auto

Receivables

Trust

(LADAR)

Series

2021-1A

Class

A

–1.3%

8/17/26

(a)

221,530

218,850‌

Series

2021-1A

Class

C

–2.35%

4/15/27

(a)

6,500,000

6,224,967‌

Series

2021-1A

Class

D

–3.99%

11/15/29

(a)

3,740,000

3,564,373‌

Series

2022-1A

Class

B

–5.87%

9/15/27

(a)

1,720,000

1,723,776‌

Series

2022-1A

Class

C

–6.85%

4/15/30

(a)

2,000,000

2,008,403‌

Series

2023-1A

Class

D

–7.3%

6/17/30

(a)

3,000,000

3,050,235‌

Series

2023-2A

Class

A2

–5.93%

6/15/27

(a)

3,063,475

3,066,260‌

Series

2023-4A

Class

C

–6.76%

3/15/29

(a)

1,510,000

1,541,323‌

Lendbuzz

Securitization

Trust

(LBST)

Series

2023-1A

Class

A2

–6.92%

8/15/28

(a)

4,234,021

4,258,263‌

Series

2023-3A

Class

A2

–7.5%

12/15/28

(a)

7,500,000

7,606,573‌

Lobel

Automobile

Receivables

Trust

(LOBEL)

Series

2023-1

Class

A

–6.97%

7/15/26

(a)

1,668,239

1,671,726‌

Series

2023-2

Class

A

–7.59%

4/16/29

(a)

1,028,924

1,035,935‌

OneMain

Direct

Auto

Receivables

Trust

(ODART)

Series

2021-1A

Class

D

–1.62%

11/14/30

(a)

1,000,000

895,361‌

Series

2022-1A

Class

C

–1.42%

7/14/28

(a)

4,000,000

3,638,969‌

Prestige

Auto

Receivables

Trust

(PART)

Series

2022-1A

Class

C

–7.09%

8/15/28

(a)

1,000,000

1,011,941‌

Research-Driven

Pagaya

Motor

Asset

Trust

(RPM)

Series

2023-3A

Class

A

–7.13%

1/26/32

(a)

4,988,895

5,020,986‌

Santander

Bank

NA

(SBCLN)

Series

2021-1A

Class

C

–3.27%

12/15/31

(a)

123,892

121,367‌

Tricolor

Auto

Securitization

Trust

(TCAST)

Series

2023-1A

Class

A

–6.48%

8/17/26

(a)

908,172

907,645‌

Series

2023-1A

Class

B

–6.84%

11/16/26

(a)

1,480,000

1,481,861‌

United

Auto

Credit

Securitization

Trust

(UACST)

Series

2023-1

Class

A

–5.57%

7/10/25

(a)

127,229

127,160‌

a

a

a

$

Principal

Amount

$

Value

a

Westlake

Automobile

Receivables

Trust

(WLAKE)

Series

2021-1A

Class

C

–0.95%

3/16/26

(a)

260,615

258,316‌

a

97,219,549‌

a

Collateralized

Loan

Obligations

ABPCI

Direct

Lending

Fund

CLO

X

LP

(ABPCI)

Series

2020-10A

Class

B1

–7.94%

1/20/32

Floating

Rate

(TSFR3M

+

261)

(a)

(b)

(c)

2,725,000

2,721,222‌

ABPCI

Direct

Lending

Fund

CLO

XI

LP

(ABPCI)

Series

2022-11A

Class

B1

–8.96%

10/27/34

Floating

Rate

(TSFR3M

+

360)

(a)

(b)

(c)

1,500,000

1,509,036‌

ABPCI

Direct

Lending

Fund

CLO

XII

Ltd.

(ABPCI)

Series

2023-12A

Class

B

–8.89%

4/29/35

Floating

Rate

(TSFR3M

+

350)

(a)

(b)

(c)

2,000,000

2,018,264‌

ABPCI

Direct

Lending

Fund

CLO

XVI

LP

(ABPCI)

Series

2023-16A

Class

C

–9.43%

2/1/36

Floating

Rate

(TSFR3M

+

425)

(a)

(c)

2,000,000

2,000,000‌

Antares

CLO

Ltd.

(ANTRS)

Series

2017-2A

Class

DR

–9.43%

10/20/33

Floating

Rate

(TSFR3M

+

401)

(a)

(b)

(c)

2,000,000

1,867,675‌

Audax

Senior

Debt

CLO

6

LLC

(AUDAX)

Series

2021-6A

Class

B

–7.63%

10/20/33

Floating

Rate

(TSFR3M

+

221)

(a)

(c)

3,000,000

2,908,126‌

AUF

Funding

LLC

(AUF)

Series

2022-1A

Class

B1

–9.17%

1/20/31

Floating

Rate

(TSFR3M

+

375)

(a)

(c)

1,500,000

1,513,695‌

Barings

Middle

Market

CLO,

Ltd.

(BMM)

Series

2023-IIA

Class

A2

–8.53%

1/20/32

Floating

Rate

(TSFR3M

+

320)

(a)

(b)

(c)

3,000,000

2,999,601‌

Series

2023-IIA

Class

B

–9.48%

1/20/32

Floating

Rate

(TSFR3M

+

415)

(a)

(b)

(c)

3,000,000

2,999,511‌

Series

2023-IIA

Class

C

–11.58%

1/20/32

Floating

Rate

(TSFR3M

+

625)

(a)

(b)

(c)

2,500,000

2,499,395‌

BBC

Middle

Market

CLO

(BCMM)

Series

2023-1A

Class

B1

–9.22%

7/20/35

Floating

Rate

(TSFR3M

+

380)

(a)

(c)

3,750,000

3,793,593‌

BCRED

MML

CLO

LLC

(BXCMM)

Series

2022-1A

Class

A1

–7.07%

4/20/35

Floating

Rate

(TSFR3M

+

165)

(a)

(b)

(c)

1,000,000

994,090‌

BlackRock

Elbert

CLO

V

LLC

(ELB)

Series

5A

Class

AR

–7.23%

6/15/34

Floating

Rate

(TSFR3M

+

185)

(a)

(b)

(c)

1,040,000

1,036,421‌

BlackRock

Rainier

CLO

VI

Ltd.

(BLKMM)

Series

2021-6A

Class

B

–7.73%

4/20/33

Floating

Rate

(TSFR3M

+

231)

(a)

(b)

(c)

1,800,000

1,768,672‌

Brightwood

Capital

MM

CLO

Ltd.

(BWCAP)

Series

2020-1A

Class

A1R

–8.19%

1/15/31

Floating

Rate

(TSFR3M

+

280)

(a)

(b)

(c)

2,145,998

2,146,406‌

Cerberus

Loan

Funding

LP

(CERB)

Series

2020-1A

Class

B

–8.21%

10/15/31

Floating

Rate

(TSFR3M

+

281)

(a)

(b)

(c)

500,000

501,617‌

Series

2020-1A

Class

C

–9.36%

10/15/31

Floating

Rate

(TSFR3M

+

396)

(a)

(b)

(c)

500,000

501,792‌

Series

2021-2A

Class

B

–7.56%

4/22/33

Floating

Rate

(TSFR3M

+

216)

(a)

(b)

(c)

1,500,000

1,469,282‌

Series

2021-6A

Class

B

–7.41%

11/22/33

Floating

Rate

(TSFR3M

+

201)

(a)

(b)

(c)

1,650,000

1,646,764‌

Series

2022-1A

Class

A2

–4.02%

4/15/34

(a)

1,750,000

1,669,498‌

Cerberus

Loan

Funding

XLII

LLC

(CERB)

Series

2023-3A

Class

B

–8.78%

9/13/35

Floating

Rate

(TSFR3M

+

335)

(a)

(c)

1,750,000

1,765,885‌

8

Core

Plus

Income

Fund

(Continued)

Schedule

of

Investments

December

31,

2023

(Unaudited)

a

a

a

$

Principal

Amount

$

Value

a

Churchill

Middle

Market

CLO

III

Ltd.

(CHMML)

Series

2021-1A

Class

A1

–7.16%

10/24/33

Floating

Rate

(TSFR3M

+

176)

(a)

(b)

(c)

1,000,000

994,057‌

CIFC-LBC

Middle

Market

CLO

(CLBC)

Series

2023-1A

Class

B1

–8.99%

10/20/35

Floating

Rate

(TSFR3M

+

355)

(a)

(c)

4,500,000

4,553,802‌

Series

2023-1A

Class

C

–9.74%

10/20/35

Floating

Rate

(TSFR3M

+

430)

(a)

(c)

5,000,000

5,046,419‌

Deerpath

Capital

CLO

Ltd.

(DPATH)

Series

2021-2A

Class

A1

–7.26%

1/15/34

Floating

Rate

(TSFR3M

+

186)

(a)

(b)

(c)

1,000,000

998,118‌

Series

2021-2A

Class

C

–8.56%

1/15/34

Floating

Rate

(TSFR3M

+

316)

(a)

(b)

(c)

2,300,000

2,247,593‌

Series

2022-1A

Class

A1

–7.34%

7/15/33

Floating

Rate

(TSFR3M

+

195)

(a)

(b)

(c)

750,000

747,073‌

Series

2023-1A

Class

B1

–9.29%

4/15/35

Floating

Rate

(TSFR3M

+

390)

(a)

(b)

(c)

2,500,000

2,529,789‌

Series

2023-1A

Class

C

–10.64%

4/15/35

Floating

Rate

(TSFR3M

+

525)

(a)

(b)

(c)

1,500,000

1,522,816‌

Fortress

Credit

Opportunities

IX

CLO

Ltd.

(FCO)

Series

2017-9A

Class

A1TR

–7.21%

10/15/33

Floating

Rate

(TSFR3M

+

181)

(a)

(b)

(c)

1,500,000

1,492,500‌

Fortress

Credit

Opportunities

XV

CLO

Ltd.

(FCO)

Series

2021-15A

Class

B

–7.49%

4/25/33

Floating

Rate

(TSFR3M

+

211)

(a)

(b)

(c)

1,500,000

1,465,954‌

Fortress

Credit

Opportunities

XXI

CLO

LLC

(FCO)

Series

2023-21A

Class

AT

–8.06%

1/21/35

Floating

Rate

(TSFR3M

+

265)

(a)

(c)

2,000,000

2,008,113‌

Series

2023-21A

Class

C

–10.31%

1/21/35

Floating

Rate

(TSFR3M

+

490)

(a)

(c)

1,000,000

1,011,696‌

Golub

Capital

Partners

CLO

31M

Ltd.

(GOCAP)

Series

2016-31A

Class

CR

–8.55%

8/5/30

Floating

Rate

(TSFR3M

+

316)

(a)

(b)

(c)

1,000,000

995,000‌

Golub

Capital

Partners

CLO

45M

Ltd.

(GOCAP)

Series

19-45A

Class

C

–9.48%

10/20/31

Floating

Rate

(TSFR3M

+

406)

(a)

(b)

(c)

3,000,000

3,011,012‌

Golub

Capital

Partners

CLO

54M

LP

(GOCAP)

Series

2021-54A

Class

B

–7.5%

8/5/33

Floating

Rate

(TSFR3M

+

211)

(a)

(b)

(c)

500,000

486,684‌

Series

2021-54A

Class

C

–8.3%

8/5/33

Floating

Rate

(TSFR3M

+

291)

(a)

(b)

(c)

1,000,000

976,706‌

Golub

Capital

Partners

Short

Duration

(GSHOR)

Series

2022-1A

Class

B1

–8.88%

10/25/31

Floating

Rate

(TSFR3M

+

350)

(a)

(c)

1,000,000

1,004,648‌

Guggenheim

MM

CLO

Ltd.

(GUGG)

Series

2021-4A

Class

B

–7.91%

1/15/34

Floating

Rate

(TSFR3M

+

251)

(a)

(b)

(c)

2,500,000

2,458,758‌

Ivy

Hill

Middle

Market

Credit

Fund

IX

Ltd.

(IVYH)

Series

9A

Class

A1TR

–7.03%

4/23/34

Floating

Rate

(TSFR3M

+

162)

(a)

(b)

(c)

1,500,000

1,482,990‌

KKR

Lending

Partners

III

CLO

LLC

(KKRLP)

Series

2021-1A

Class

B

–7.58%

10/20/30

Floating

Rate

(TSFR3M

+

216)

(a)

(c)

3,000,000

2,988,036‌

KKR

Static

CLO

I

Ltd.

(KKRS)

Series

2022-1A

Class

B

–8.02%

7/20/31

Floating

Rate

(TSFR3M

+

260)

(a)

(b)

(c)

1,250,000

1,253,414‌

Maranon

Loan

Funding

Ltd.

(MRNON)

Series

2021-2RA

Class

BR

–7.71%

7/15/33

Floating

Rate

(TSFR3M

+

231)

(a)

(b)

(c)

2,500,000

2,438,347‌

Monroe

Capital

Funding

CLO

X

Ltd.

(MCF)

Series

2023-1A

Class

B

–8.33%

4/15/35

Floating

Rate

(TSFR3M

+

350)

(a)

(c)

1,500,000

1,513,515‌

a

a

a

$

Principal

Amount

$

Value

a

Monroe

Capital

MML

CLO

XII

Ltd.

(MCMML)

Series

2021-2A

Class

C

–8.3%

9/14/33

Floating

Rate

(TSFR3M

+

291)

(a)

(b)

(c)

2,000,000

1,954,079‌

Monroe

Capital

MML

CLO

XV

LLC

(MCMML)

Series

2023-1A

Class

A1

–7.93%

9/23/35

Floating

Rate

(TSFR3M

+

250)

(a)

(c)

3,000,000

3,012,151‌

Series

2023-1A

Class

B

–8.88%

9/23/35

Floating

Rate

(TSFR3M

+

345)

(a)

(c)

3,000,000

3,027,324‌

NXT

Capital

CLO

LLC

(NXT)

Series

2020-1A

Class

B

–8.08%

1/20/31

Floating

Rate

(TSFR3M

+

266)

(a)

(c)

5,400,000

5,408,610‌

Series

2020-1A

Class

C

–9.03%

1/20/31

Floating

Rate

(TSFR3M

+

361)

(a)

(c)

800,000

796,444‌

Owl

Rock

CLO

IX

LLC

(OR)

Series

2022-9A

Class

B

–9.37%

11/20/34

Floating

Rate

(TSFR3M

+

400)

(a)

(c)

1,000,000

1,008,969‌

Owl

Rock

CLO

VIII

LLC

(OR)

Series

2022-8A

Class

AT

–7.87%

11/20/34

Floating

Rate

(TSFR3M

+

250)

(a)

(c)

1,000,000

1,003,149‌

Owl

Rock

CLO

XII

LLC

(OR)

Series

2023-12A

Class

B

–8.91%

7/20/34

Floating

Rate

(TSFR3M

+

355)

(a)

(b)

(c)

1,000,000

1,006,721‌

Palmer

Square

Loan

Funding

Ltd.

(PSTAT)

Series

2021-1A

Class

A2

–6.93%

4/20/29

Floating

Rate

(TSFR3M

+

151)

(a)

(b)

(c)

250,000

246,630‌

Series

2021-1A

Class

B

–7.48%

4/20/29

Floating

Rate

(TSFR3M

+

206)

(a)

(b)

(c)

1,000,000

994,184‌

PennantPark

CLO

VI

LLC

(PCLO)

Series

2023-6A

Class

B1

–9.16%

4/22/35

Floating

Rate

(TSFR3M

+

375)

(a)

(c)

2,000,000

2,022,559‌

Twin

Brook

CLO

(TWBRK)

Series

2023-1A

Class

B

–8.62%

4/20/35

Floating

Rate

(TSFR3M

+

320)

(a)

(c)

1,000,000

1,007,553‌

Series

2023-1A

Class

C

–9.52%

4/20/35

Floating

Rate

(TSFR3M

+

410)

(a)

(c)

3,000,000

3,014,650‌

Windhill

CLO,

Ltd.

(WNDHL)

Series

2023-1A

Class

C

–9.83%

10/22/35

Floating

Rate

(TSFR3M

+

450)

(a)

(b)

(c)

9,200,000

9,186,688‌

a

117,247,296‌

a

Consumer

&

Specialty

Finance

ACHV

ABS

Trust

(ACHV)

Series

2023-1PL

Class

B

–6.8%

3/18/30

(a)

792,371

793,512‌

Affirm

Asset

Securitization

Trust

(AFFRM)

Series

2022-Z1

Class

A

–4.55%

6/15/27

(a)

429,101

424,399‌

Series

2023-X1

Class

A

–7.11%

11/15/28

(a)

1,060,000

1,063,324‌

Bankers

Healthcare

Group

Securitization

Trust

(BHG)

Series

2020-A

Class

A

–2.56%

9/17/31

(a)

58,509

58,040‌

Series

2021-A

Class

A

–1.42%

11/17/33

(a)

189,708

178,943‌

Series

2022-B

Class

B

–4.84%

6/18/35

(a)

1,498,342

1,463,410‌

Series

2023-A

Class

A

–5.55%

4/17/36

(a)

829,188

825,280‌

BHG

Securitization

Trust

(BHG)

Series

2023-B

Class

A

–6.92%

12/17/36

(a)

1,729,208

1,757,332‌

Driven

Brands

Funding

LLC

(HONK)

Series

2019-2A

Class

A2

–3.98%

10/20/49

(a)

480,000

453,513‌

Foundation

Finance

Trust

(FFIN)

Series

2019-1A

Class

A

–3.86%

11/15/34

(a)

34,905

34,615‌

Series

2021-1A

Class

B

–1.87%

5/15/41

(a)

3,133,628

2,801,778‌

FREED

ABS

Trust

(FREED)

Series

2022-1FP

Class

C

–2.51%

3/19/29

(a)

2,444,377

2,413,275‌

Series

2022-3FP

Class

B

–5.79%

8/20/29

(a)

530,091

529,680‌

Series

2022-4FP

Class

C

–8.59%

12/18/29

(a)

2,000,000

2,041,106‌

9

a

a

a

$

Principal

Amount

$

Value

a

Hilton

Grand

Vacations

Trust

(HGVT)

Series

2020-AA

Class

B

–4.22%

2/25/39

(a)

157,835

152,852‌

Lendingpoint

Asset

Securitization

Trust

(LDPT)

Series

2022-C

Class

A

–6.56%

2/15/30

(a)

634,835

634,553‌

LP

LMS

Asset

Securitization

Trust

(LPMS)

Series

2023-1A

Class

A

–8.18%

10/17/33

(a)

2,148,432

2,158,895‌

Marlette

Funding

Trust

(MFT)

Series

2021-2A

Class

B

–1.06%

9/15/31

(a)

3,404

3,397‌

Series

2023-1A

Class

A

–6.07%

4/15/33

(a)

776,061

775,610‌

Octane

Receivables

Trust

(OCTL)

Series

2020-1A

Class

B

–1.98%

6/20/25

(a)

1,212,207

1,208,019‌

Series

2021-1A

Class

B

–1.53%

4/20/27

(a)

700,000

671,594‌

Series

2022-1A

Class

A2

–4.18%

3/20/28

(a)

283,612

280,443‌

Pagaya

AI

Debt

Selection

Trust

(PAID)

Series

2021

Class

B

–1.82%

1/16/29

(a)

231,386

220,138‌

Pagaya

AI

Debt

Trust

(PAID)

Series

2022-2

Class

A

–4.97%

1/15/30

(a)

455,889

453,346‌

Series

2022-3

Class

A

–6.06%

3/15/30

(a)

913,990

912,239‌

Series

2022-5

Class

A

–8.1%

6/17/30

(a)

769,892

780,640‌

Series

2023-1

Class

A

–7.56%

7/15/30

(a)

1,760,286

1,768,176‌

Series

2023-3

Class

A

–7.6%

12/16/30

(a)

3,504,107

3,524,436‌

Series

2023-5

Class

B

–7.63%

4/15/31

(a)

1,749,985

1,766,401‌

Series

2023-5

Class

C

–9.1%

4/15/31

(a)

2,999,975

3,055,527‌

Series

2023-5

Class

D

–9%

4/15/31

(a)

3,499,970

3,317,347‌

Series

2023-7

Class

C

–8.8%

7/15/31

(a)

8,000,000

8,134,647‌

Series

2023-7

Class

D

–9%

7/15/31

(a)

5,000,000

4,669,849‌

Prosper

Marketplace

Issuance

Trust

(PMIT)

Series

2023-1A

Class

A

–7.06%

7/16/29

(a)

671,810

675,020‌

Sierra

Timeshare

Receivables

Funding

LLC

(SRFC)

Series

2019-2A

Class

B

–2.82%

5/20/36

(a)

89,700

88,115‌

Theorem

Funding

Trust

(THRM)

Series

2021-1A

Class

B

–1.84%

12/15/27

(a)

516,533

512,621‌

Series

2022-2A

Class

B

–9.27%

12/15/28

(a)

1,000,000

1,037,694‌

Series

2022-3A

Class

A

–7.6%

4/15/29

(a)

472,967

476,360‌

Upstart

Securitization

Trust

(UPST)

Series

2021-1

Class

C

–4.06%

3/20/31

(a)

206,841

202,163‌

Series

2023-2

Class

A

–6.77%

6/20/33

(a)

4,593,310

4,615,809‌

a

56,934,098‌

a

Equipment

Amur

Equipment

Finance

Receivables

IX

LLC

(AXIS)

Series

2021-1A

Class

B

–1.38%

2/22/27

(a)

1,035,000

1,005,506‌

Series

2021-1A

Class

D

–2.3%

11/22/27

(a)

500,000

480,294‌

Amur

Equipment

Finance

Receivables

XII

LLC

(AXIS)

Series

2023-1A

Class

A2

–6.09%

12/20/29

(a)

996,998

1,005,536‌

Dext

ABS

LLC

(DEXT)

Series

2020-1

Class

B

–1.92%

11/15/27

(a)

152,670

152,144‌

a

2,643,480‌

a

Other

Adams

Outdoor

Advertising,

LP

(ADMSO)

Series

2023-1

Class

A2

–6.97%

7/15/53

(a)

6,000,000

6,091,570‌

Frontier

Issuer

LLC

(FYBR)

Series

2023-1

Class

A2

–6.6%

8/20/53

(a)

10,000,000

9,973,314‌

Golub

Capital

Partners

ABS

Funding

(GOCAP)

Series

2023-1A

Class

A

–7.46%

7/25/33

(a)

5,000,000

5,052,714‌

Jersey

Mike's

Funding

(JMIKE)

Series

2019-1A

Class

A2

–4.43%

2/15/50

(a)

2,649,975

2,517,426‌

a

a

a

$

Principal

Amount

$

Value

a

Monroe

Capital

ABS

Funding

II

Ltd.

(MCF)

Series

2023-1A

Class

D

–10.2%

4/22/33

(a)

3,500,000

3,516,034‌

Oxford

Finance

Funding

Trust

(OXFIN)

Series

2023-1A

Class

A2

–6.72%

2/15/31

(a)

5,000,000

4,990,353‌

Stack

Infrastructure

Issuer

LLC

(SIDC)

Series

2023-3A

Class

A2

–5.9%

10/25/48

(a)

4,250,000

4,210,488‌

Zaxby's

Funding

LLC

(ZAXBY)

Series

2021-1A

Class

A2

–3.24%

7/30/51

(a)

1,221,875

1,063,491‌

37,415,390‌

a

Total

Asset-Backed

Securities

(Cost

$310,372,905)

311,459,813‌

Commercial

Mortgage-Backed

Securities

-

4.6%

a

AREIT

LLC

(AREIT)

Series

2023-CRE8

Class

B

–8.68%

8/17/41

Floating

Rate

(TSFR1M

+

332)

(a)

5,000,000

4,968,839‌

Series

2023-CRE8

Class

C

–9.38%

8/17/41

Floating

Rate

(TSFR1M

+

402)

(a)

5,000,000

4,997,880‌

Series

2023-CRE8

Class

D

–10.73%

8/17/41

Floating

Rate

(TSFR1M

+

537)

(a)

3,000,000

3,004,895‌

AREIT

Trust

(AREIT)

Series

2021-CRE5

Class

A

–6.55%

11/17/38

Floating

Rate

(TSFR1M

+

119)

(a)

664,407

647,119‌

BDS

Ltd.

(BDS)

Series

2021-FL10

Class

C

–7.77%

12/16/36

Floating

Rate

(TSFR1M

+

241)

(a)

(b)

1,250,000

1,189,759‌

BPCRE

Ltd.

(BPCRE)

Series

2022-FL2

Class

C

–9.86%

1/16/37

Floating

Rate

(TSFR1M

+

450)

(a)

(b)

2,500,000

2,487,648‌

BPR

Trust

(BPR)

Series

2021-TY

Class

B

–6.63%

9/15/38

Floating

Rate

(TSFR1M

+

126)

(a)

3,250,000

3,107,173‌

BRSP

Ltd.

(BRSP)

Series

2021-FL1

Class

B

–7.37%

8/19/38

Floating

Rate

(TSFR1M

+

201)

(a)

(b)

1,100,000

1,043,117‌

Series

2021-FL1

Class

E

–8.92%

8/19/38

Floating

Rate

(TSFR1M

+

356)

(a)

(b)

4,000,000

3,518,242‌

FS

Rialto

Issuer

LLC

(FSRI)

Series

2021-FL2

Class

E

–8.92%

5/16/38

Floating

Rate

(TSFR1M

+

356)

(a)

1,000,000

898,755‌

Series

2022-FL7

Class

A

–8.26%

10/19/39

Floating

Rate

(TSFR1M

+

290)

(a)

1,000,000

1,005,861‌

GPMT

Ltd.

(GPMT)

Series

2021-FL3

Class

A

–6.72%

7/16/35

Floating

Rate

(TSFR1M

+

136)

(a)

(b)

1,091,993

1,073,070‌

HERA

Commercial

Mortgage

Ltd.

(HCM)

Series

2021-FL1

Class

C

–7.42%

2/18/38

Floating

Rate

(TSFR1M

+

206)

(a)

(b)

650,000

622,126‌

HGI

CRE

CLO

Ltd.

(HGI)

Series

2021-FL1

Class

A4

–6.52%

6/16/36

Floating

Rate

(TSFR1M

+

116)

(a)

(b)

522,955

510,907‌

Series

2021-FL1

Class

AS

–6.87%

6/16/36

Floating

Rate

(TSFR1M

+

151)

(a)

(b)

2,000,000

1,925,618‌

Series

2021-FL1

Class

B

–7.07%

6/16/36

Floating

Rate

(TSFR1M

+

171)

(a)

(b)

5,100,000

4,832,396‌

Series

2021-FL1

Class

C

–7.17%

6/16/36

Floating

Rate

(TSFR1M

+

181)

(a)

(b)

450,000

427,613‌

Series

2021-FL1

Class

E

–8.42%

6/16/36

Floating

Rate

(TSFR1M

+

306)

(a)

(b)

750,000

677,454‌

Series

2021-FL2

Class

D

–7.62%

9/17/36

Floating

Rate

(TSFR1M

+

226)

(a)

(b)

1,000,000

937,036‌

10

Core

Plus

Income

Fund

(Continued)

Schedule

of

Investments

December

31,

2023

(Unaudited)

a

a

a

$

Principal

Amount

$

Value

a

HIG

RCP

LLC

(HIG)

Series

2023-FL1

Class

B

–8.98%

9/19/38

Floating

Rate

(TSFR1M

+

361)

(a)

(b)

3,000,000

2,979,972‌

Series

2023-FL1

Class

C

–9.92%

9/19/38

Floating

Rate

(TSFR1M

+

456)

(a)

(b)

5,000,000

5,007,271‌

Series

2023-FL1

Class

D

–11.22%

9/19/38

Floating

Rate

(TSFR1M

+

586)

(a)

(b)

5,000,000

4,551,539‌

Hilton

USA

Trust

(HILT)

Series

2016-SFP

Class

E

–5.52%

11/5/35

(a)

840,000

97,531‌

ILPT

Commercial

Mortgage

Trust

(ILPT)

Series

2022-LPF2

Class

B

–8.11%

10/15/39

Floating

Rate

(TSFR1M

+

274)

(a)

3,000,000

2,934,803‌

KREF

Ltd.

(KREF)

Series

2021-FL2

Class

B

–7.13%

2/15/39

Floating

Rate

(TSFR1M

+

176)

(a)

(b)

2,500,000

2,259,021‌

LoanCore

Issuer

Ltd.

(LNCR)

Series

2021-CRE5

Class

B

–7.48%

7/15/36

Floating

Rate

(TSFR1M

+

211)

(a)

(b)

1,407,000

1,358,475‌

MF1

Multifamily

Housing

Mortgage

Loan

Trust

(MFHM)

Series

2021-FL5

Class

AS

–6.68%

7/15/36

Floating

Rate

(TSFR1M

+

131)

(a)

(b)

3,575,000

3,491,948‌

PFP

Ltd.

(PFP)

Series

2021-8

Class

E

–7.98%

8/9/37

Floating

Rate

(TSFR1M

+

261)

(a)

(b)

750,000

657,649‌

Series

2022-9

Class

A

–7.64%

8/19/35

Floating

Rate

(TSFR1M

+

227)

(a)

(b)

750,000

749,122‌

STWD

Ltd.

(STWD)

Series

2021-FL2

Class

C

–7.57%

4/18/38

Floating

Rate

(TSFR1M

+

221)

(a)

(b)

2,109,000

1,869,750‌

Series

2022-FL3

Class

B

–7.29%

11/15/38

Floating

Rate

(SOFR30A

+

195)

(a)

(b)

2,500,000

2,353,576‌

VMC

Finance

LLC

(VMC)

Series

2021-FL4

Class

A

–6.57%

6/16/36

Floating

Rate

(TSFR1M

+

121)

(a)

922,395

900,667‌

a

Total

Commercial

Mortgage-Backed

Securities

(Cost

$69,446,583)

67,086,832‌

Mortgage-Backed

Securities

-

16.0%

a

Federal

Home

Loan

Mortgage

Corporation

Collateralized

Mortgage

Obligations

Series

5026

Class

DH

–1.75%

9/25/43

422,756

382,599‌

Series

4949

Class

BC

–2.25%

3/25/49

210,277

185,902‌

a

Pass-Through

Securities

Pool#

C91945

–

3%

8/1/37

228,861

212,768‌

Pool#

SD8258

–

Series

8258

5%

10/1/52

9,172,135

9,077,656‌

Pool#

SD8267

–

Series

8267

5%

11/1/52

3,707,517

3,674,118‌

Pool#

SD8290

–

6%

1/1/53

4,349,778

4,419,620‌

Pool#

SD8323

–

Series

8323

5%

5/1/53

6,732,860

6,663,507‌

Pool#

SD8324

–

Series

8324

5.5%

5/1/53

8,503,909

8,541,608‌

Pool#

SD8329

–

5%

6/1/53

14,447,263

14,296,189‌

Pool#

SD3386

–

5.5%

7/1/53

4,892,985

4,913,913‌

Pool#

SD8341

–

Series

8341

5%

7/1/53

4,831,285

4,780,764‌

Pool#

SD8342

–

Series

8342

5.5%

7/1/53

13,419,342

13,476,738‌

Pool#

SD8350

–

6%

8/1/53

8,614,200

8,748,565‌

Pool#

SD8347

–

4.5%

8/1/53

11,609,781

11,260,231‌

Pool#

SD3857

–

6%

9/1/53

8,765,173

8,903,524‌

Pool#

SD8362

–

5.5%

9/1/53

19,484,299

19,567,636‌

Pool#

SD8374

–

6.5%

11/1/53

4,906,744

5,029,941‌

a

a

a

$

Principal

Amount

$

Value

a

Pool#

SD8383

–

5.5%

12/1/53

14,937,754

15,001,647‌

139,136,926‌

a

Federal

National

Mortgage

Association

Collateralized

Mortgage

Obligations

Series

2013-130

Class

CA

–2.5%

6/25/43

96,192

88,917‌

Series

2013-130

Class

CD

–3%

6/25/43

174,895

165,867‌

a

Pass-Through

Securities

Pool#

932836

–

3%

12/1/25

6,502

6,365‌

Pool#

468516

–

5.17%

6/1/28

197,780

197,405‌

Pool#

MA3443

–

4%

8/1/48

95,078

91,482‌

Pool#

FM5733

–

2%

1/1/51

1,165,120

969,930‌

Pool#

MA4785

–

Series

4785

5%

10/1/52

12,606,950

12,493,400‌

Pool#

MA4806

–

Series

4806

5%

11/1/52

3,706,591

3,669,789‌

Pool#

MA4941

–

5.5%

3/1/53

7,411,673

7,444,529‌

Pool#

MA5040

–

6%

6/1/53

1,890,626

1,920,411‌

Pool#

MA5038

–

Series

5038

5%

6/1/53

3,329,848

3,295,548‌

Pool#

MA5167

–

6.5%

10/1/53

2,903,642

2,976,545‌

Pool#

MA5166

–

6%

10/1/53

6,826,267

6,932,744‌

Pool#

MA5192

–

6.5%

11/1/53

6,497,610

6,660,749‌

Pool#

MA5191

–

6%

11/1/53

4,935,553

5,012,538‌

Pool#

MA5216

–

6%

12/1/53

9,928,365

10,083,229‌

62,009,448‌

a

Government

National

Mortgage

Association

Collateralized

Mortgage

Obligations

Series

2021-29

Class

CY

–3%

9/20/50

1,000,000

811,015‌

Series

2018-52

Class

AE

–2.75%

5/16/51

80,973

74,040‌

885,055‌

a

Non-Government

Agency

Collateralized

Mortgage

Obligations

Flagstar

Mortgage

Trust

(FSMT)

Series

2017-1

Class

2A2

–3%

3/25/47

(a)

(c)

38,330

35,052‌

GS

Mortgage-Backed

Securities

Trust

(GSMBS)

Series

2023-PJ3

Class

A3

–5%

10/27/53

(a)

(c)

4,813,708

4,695,409‌

JPMorgan

Mortgage

Trust

(JPMMT)

Series

2016-3

Class

A

–2.97%

10/25/46

(a)

(c)

50,349

46,851‌

Series

2017-3

Class

A

–2.5%

8/25/47

(a)

(c)

55,725

48,272‌

Series

2018-6

Class

2A2

–3%

12/25/48

(a)

(c)

19,887

18,616‌

Series

2023-3

Class

A3A

–5%

10/25/53

(a)

(c)

4,657,199

4,548,094‌

Series

2023-4

Class

1A2

–6%

11/25/53

(a)

(c)

2,722,566

2,731,351‌

Series

2023-9

Class

A2

–6%

4/25/54

(a)

(c)

3,139,023

3,151,114‌

Series

2023-10

Class

A2

–6%

5/25/54

(a)

(c)

2,319,253

2,328,187‌

Morgan

Stanley

Residential

Mortgage

Loan

Trust

(MSRM)

Series

2023-1

Class

A1

–4%

2/25/53

(a)

(c)

5,710,547

5,221,010‌

RCKT

Mortgage

Trust

(RCKT)

Series

2021-3

Class

A5

–2.5%

7/25/51

(a)

(c)

1,398,973

1,226,950‌

Sequoia

Mortgage

Trust

(SEMT)

Series

2019-CH2

Class

A

–4.5%

8/25/49

(a)

(c)

9,494

9,326‌

Series

2023-3

Class

A1

–6%

9/25/53

(a)

(c)

4,751,140

4,763,502‌

a

Pass-Through

Securities

Greenpoint

Mortgage

Pass-Through

Certificates

(GMSI)

Series

2003-1

Class

A1

–5.72%

10/25/33

(c)

30,343

28,694‌

28,852,428‌

a

Total

Mortgage-Backed

Securities

(Cost

$228,678,695)

230,883,857‌

11

Municipal

Bonds

-

0.0%

a

a

a

$

Principal

Amount

$

Value

a

Detroit,

MI

City

School

District

General

Obligation

SBLF,

6.65%

5/1/29

(Cost

$556,549)

460,000

499,836‌

U.S.

Treasuries

-

33.9%

a

U.S.

Treasury

Bonds

3.5%

2/15/39

2,100,000

1,989,955‌

1.88%

2/15/41

11,500,000

8,274,160‌

1.75%

8/15/41

4,000,000

2,783,594‌

2%

11/15/41

7,500,000

5,427,685‌

2.38%

2/15/42

28,000,000

21,495,469‌

3.25%

5/15/42

15,000,000

13,167,187‌

4%

11/15/42

35,000,000

34,025,195‌

3.88%

2/15/43

5,000,000

4,769,141‌

3.13%

2/15/43

15,000,000

12,827,930‌

3.88%

5/15/43

11,500,000

10,967,227‌

2.88%

5/15/43

2,000,000

1,642,656‌

4.38%

8/15/43

55,500,000

56,670,703‌

3.63%

8/15/43

17,000,000

15,635,351‌

3.75%

11/15/43

6,000,000

5,609,766‌

3.63%

2/15/44

10,500,000

9,624,726‌

3.38%

5/15/44

15,500,000

13,672,090‌

3.13%

8/15/44

27,500,000

23,296,582‌

3%

11/15/44

24,000,000

19,873,125‌

2.5%

2/15/45

21,000,000

15,909,961‌

3%

5/15/45

23,000,000

18,984,883‌

3%

11/15/45

9,500,000

7,820,430‌

2.5%

5/15/46

8,400,000

6,293,109‌

2.25%

8/15/46

2,500,000

1,778,467‌

3%

2/15/47

1,000,000

817,930‌

4.13%

8/15/53

13,000,000

13,144,219‌

U.S.

Treasury

Notes

2.75%

2/15/24

8,000,000

7,974,823‌

2.25%

3/31/24

6,000,000

5,955,306‌

4.38%

10/31/24

5,000,000

4,978,911‌

2.25%

2/15/27

3,500,000

3,323,154‌

2.38%

5/15/27

3,000,000

2,850,000‌

2.25%

8/15/27

3,000,000

2,830,078‌

1.13%

2/29/28

6,500,000

5,811,660‌

1.25%

5/31/28

8,000,000

7,147,656‌

1.25%

9/30/28

7,000,000

6,204,707‌

2.38%

10/15/28

13,000,000

13,454,309‌

1.5%

11/30/28

3,000,000

2,683,477‌

1.88%

2/28/29

3,500,000

3,173,242‌

4%

10/31/29

10,000,000

10,048,633‌

1.75%

11/15/29

3,000,000

2,677,969‌

1.5%

2/15/30

5,250,000

4,574,883‌

4%

2/28/30

20,000,000

20,098,828‌

0.88%

11/15/30

8,000,000

6,573,750‌

1.13%

2/15/31

4,500,000

3,757,149‌

1.38%

11/15/31

5,500,000

4,568,223‌

1.88%

2/15/32

1,000,000

860,039‌

4.13%

11/15/32

42,000,000

42,707,930‌

a

Total

U.S.

Treasuries

(Cost

$504,341,788)

488,756,268‌

Non-Convertible

Preferred

Stocks

-

0.1%

a

a

a

Shares

$

Value

Qurate

Retail,

Inc.

8.00%

3/15/31

(Cost

$2,672,824)

27,800

999,688‌

Cash

Equivalents

-

7.6%

a

a

$

Principal

Amount

$

Value

a

a

JPMorgan

U.S.

Government

Money

Market

Fund

-

Institutional

Class

5.21%

(d)

69,511,070

69,511,070‌

U.S.

Treasury

Bills,

5.09%

to

5.14%,

2/20/24

to

3/28/24

(e)

40,000,000

39,608,656‌

a

Total

Cash

Equivalents

(Cost

$109,112,175)

109,119,726‌

Short-Term

Securities

Held

as

Collateral

for

Securities

on

Loan

-

0.2%

a

a

Shares

$

Value

Goldman

Sachs

Financial

Square

Government

Fund

Institutional

Class

–

5.23%

(d)

2,551,340

2,551,340‌

Citibank

N.A.

DDCA

5.32%

283,482

283,482‌

a

Total

Short-Term

Securities

Held

as

Collateral

for

Securities

on

Loan

(Cost

$2,834,822)

2,834,822‌

Total

Investments

in

Securities

(Cost

$1,417,900,946)

1,402,461,747‌

Other

Assets

Less

Other

Liabilities

-  2.8%

40,569,122‌

Net

Assets

-

100%

1,443,030,869‌

Net

Asset

Value

Per

Share

-

Investor

Class

9.73

Net

Asset

Value

Per

Share

-

Institutional

Class

9.73

^

This

security

or

a

partial

position

of

this

security

was

on

loan

as

of

December

31,

2023.

The

total

value

of

securities

on

loan

as

of

December

31,

2023

was

$2,774,315.

(a)

Security

is

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933.

This

security

may

be

resold

in

transactions

that

are

exempt

from

registration,

normally

to

qualified

institutional

buyers.

(b)

Foreign

domiciled

entity.

(c)

The

interest

rate

resets

periodically

based

on

the

weighted

average

coupons

of

the

underlying

mortgage-related

or

asset-backed

obligations.

(d)

Rate

presented

represents

the

7

day

average

yield

at

December

31,

2023.

(e)

Interest

rates

presented

represent

the

effective

yield

at

December

31,

2023.

12

Large

Cap

Equity

Fund

Schedule

of

Investments

December

31,

2023

(Unaudited)

Common

Stocks

-

97.9%

a

Information

Technology

%

of

Net

Assets

Shares

$

Value

Application

Software

8.2

Salesforce,

Inc.

(a)

125,000

32,892,500‌

Roper

Technologies,

Inc.

40,000

21,806,800‌

Adobe,

Inc.

(a)

30,000

17,898,000‌

a

Semiconductor

Materials

&

Equipment

6.8

Analog

Devices,

Inc.

200,000

39,712,000‌

Microchip

Technology,

Inc.

225,000

20,290,500‌

a

IT

Consulting

&

Other

Services

6.1

Accenture

plc

-

Class

A

(b)

83,000

29,125,530‌

Gartner,

Inc.

(a)

55,000

24,811,050‌

a

Systems

Software

3.0

Oracle

Corp.

250,000

26,357,500‌

a

24.1

212,893,880‌

Financials

Transaction

&

Payment

Processing

Services

13.0

Visa,

Inc.

-

Class

A

170,000

44,259,500‌

Mastercard,

Inc.

-

Class

A

95,000

40,518,450‌

Global

Payments,

Inc.

140,000

17,780,000‌

Fidelity

National

Information

Services,

Inc.

200,000

12,014,000‌

a

Multi-Sector

Holdings

4.6

Berkshire

Hathaway,

Inc.

-

Class

B

(a)

115,000

41,015,900‌

a

Financial

Exchanges

&

Data

3.1

S&P

Global,

Inc.

62,500

27,532,500‌

a

Insurance

Brokers

2.6

Aon

plc

-

Class

A

(b)

80,000

23,281,600‌

a

23.3

206,401,950‌

Communication

Services

Interactive

Media

&

Services

10.8

Alphabet,

Inc.

-

Class

C

(a)

400,000

56,372,000‌

Meta

Platforms,

Inc.

-

Class

A

(a)

110,000

38,935,600‌

a

Cable

&

Satellite

6.8

Charter

Communications,

Inc.

-

Class

A

(a)

55,000

21,377,400‌

Liberty

Broadband

Corp.

-

Class

C

(a)

245,000

19,744,550‌

Liberty

Media

Corp.-Liberty

SiriusXM

(a)

683,813

19,680,138‌

a

17.6

156,109,688‌

Health

Care

Life

Sciences

Tools

&

Services

8.9

Thermo

Fisher

Scientific,

Inc.

75,000

39,809,250‌

Danaher

Corp.

167,500

38,749,450‌

a

Health

Care

Services

2.3

Laboratory

Corp.

of

America

Holdings

90,000

20,456,100‌

a

11.2

99,014,800‌

a

Materials

%

of

Net

Assets

Shares

$

Value

Construction

Materials

4.2

Vulcan

Materials

Co.

165,000

37,456,650‌

a

Industrial

Gases

2.0

Linde

plc

42,000

17,249,820‌

a

6.2

54,706,470‌

Consumer

Discretionary

Broadline

Retail

3.9

Amazon.com,

Inc.

(a)

225,000

34,186,500‌

a

Automotive

Retail

2.3

CarMax,

Inc.

(a)

265,000

20,336,100‌

a

6.2

54,522,600‌

Industrials

Research

&

Consulting

Services

2.8

Equifax,

Inc.

97,500

24,110,775‌

a

Environmental

&

Facilities

Services

2.3

Veralto

Corp.

250,000

20,565,000‌

a

5.1

44,675,775‌

Real

Estate

Real

Estate

Services

4.2

CoStar

Group,

Inc.

(a)

425,000

37,140,750‌

a

Total

Common

Stocks

(Cost

$406,954,855)

865,465,913‌

Cash

Equivalents

-

2.2%

a

a

$

Principal

Amount

$

Value

a

a

JPMorgan

U.S.

Government

Money

Market

Fund

-

Institutional

Class

5.21%

(c)

14,730,609

14,730,609‌

U.S.

Treasury

Bill

5.1%,

3/12/24

(d)

5,000,000

4,949,513‌

a

Total

Cash

Equivalents

(Cost

$19,678,582)

19,680,122‌

Total

Investments

in

Securities

(Cost

$426,633,437)

885,146,035‌

Other

Liabilities

in

Excess

of

Other

Assets

-  (0.1%)

(618,996‌)

Net

Assets

-

100%

884,527,039‌

Net

Asset

Value

Per

Share

-

Investor

Class

51.58

Net

Asset

Value

Per

Share

-

Institutional

Class

53.02

(a)

Non-income

producing.

(b)

Foreign

domiciled

entity.

(c)

Rate

presented

represents

the

7

day

average

yield

at

December

31,

2023.

(d)

Interest

rates

presented

represent

the

effective

yield

at

December

31,

2023.

13

Multi

Cap

Equity

Fund

Schedule

of

Investments

December

31,

2023

(Unaudited)

Common

Stocks

-

96.2%

a

Communication

Services

%

of

Net

Assets

Shares

$

Value

Interactive

Media

&

Services

11.1

Alphabet,

Inc.

-

Class

C

(a)

250,000

35,232,500‌

Meta

Platforms,

Inc.

-

Class

A

(a)

70,000

24,777,200‌

a

Cable

&

Satellite

8.6

Liberty

Broadband

Corp.

(a)

Class

C

200,000

16,118,000‌

Class

A

100,000

8,064,000‌

Liberty

Media

Corp.-Liberty

SiriusXM

(a)

765,000

22,009,100‌

a

Alternative

Carriers

4.0

Liberty

Global,

Ltd.

-

Class

C

(a)

(b)

695,000

12,954,800‌

Liberty

Latin

America

Ltd.

-

Class

C

(a)

(b)

1,200,000

8,808,000‌

a

Movies

&

Entertainment

2.4

Liberty

Media

Corp.-Liberty

Live

(a)

193,500

7,195,065‌

Live

Nation

Entertainment,

Inc.

(a)

60,000

5,616,000‌

a

Integrated

Telecommunication

Services

1.3

LICT

Corp.

(a)

395

7,149,500‌

a

27.4

147,924,165‌

Financials

Transaction

&

Payment

Processing

Services

8.4

Visa,

Inc.

-

Class

A

92,500

24,082,375‌

Mastercard,

Inc.

-

Class

A

50,000

21,325,500‌

a

Multi-Sector

Holdings

6.6

Berkshire

Hathaway,

Inc.

-

Class

B

(a)

100,000

35,666,000‌

a

Property

&

Casualty

Insurance

3.5

Markel

Group,

Inc.

(a)

13,300

18,884,670‌

a

Insurance

Brokers

2.5

Aon

plc

-

Class

A

(b)

47,500

13,823,450‌

a

21.0

113,781,995‌

Industrials

Aerospace

&

Defense

4.7

HEICO

Corp.

-

Class

A

180,000

25,639,200‌

a

Research

&

Consulting

Services

2.5

Equifax,

Inc.

55,000

13,600,950‌

a

Industrial

Machinery

&

Supplies

&

Components

2.1

IDEX

Corp.

51,500

11,181,165‌

a

Environmental

&

Facilities

Services

1.1

Veralto

Corp.

70,000

5,758,200‌

a

10.4

56,179,515‌

Information

Technology

Application

Software

4.5

Guidewire

Software,

Inc.

(a)

120,000

13,084,800‌

ACI

Worldwide,

Inc.

(a)

365,000

11,169,000‌

a

Information

Technology  

%

of

Net

Assets

Shares

$

Value

a

Semiconductor

Materials

&

Equipment

2.7

Texas

Instruments,

Inc.

85,000

14,489,100‌

a

IT

Consulting

&

Other

Services

2.3

Gartner,

Inc.

(a)

28,000

12,631,080‌

a

9.5

51,373,980‌

Materials

Construction

Materials

7.4

Martin

Marietta

Materials,

Inc.

41,000

20,455,310‌

Vulcan

Materials

Co.

87,000

19,749,870‌

a

Specialty

Chemicals

1.7

Perimeter

Solutions

SA

(a)

(b)

2,000,000

9,200,000‌

a

9.1

49,405,180‌

Consumer

Discretionary

Automotive

Retail

3.7

CarMax,

Inc.

(a)

260,000

19,952,400‌

a

Distributors

3.6

LKQ

Corp.

405,000

19,354,950‌

a

7.3

39,307,350‌

Health

Care

Health

Care

Services

3.5

Laboratory

Corp.

of

America

Holdings

82,000

18,637,780‌

a

Life

Sciences

Tools

&

Services

3.2

Danaher

Corp.

75,000

17,350,500‌

a

6.7

35,988,280‌

Real

Estate

Real

Estate

Services

4.8

CoStar

Group,

Inc.

(a)

300,000

26,217,000‌

a

Total

Common

Stocks

(Cost

$242,207,669)

520,177,465‌

Warrants

-

0.0%

a

Perimeter

Solutions

SA

Expires

11/8/24

(Cost

$5,000)

(b)

(c)

500,000

0‌

Cash

Equivalents

-

3.7%

a

a

$

Principal

Amount

$

Value

a

a

JPMorgan

U.S.

Government

Money

Market

Fund

-

Institutional

Class

5.21%

(d)

16,134,884

16,134,884‌

U.S.

Treasury

Bill

5.04%,

2/15/24

(e)

4,000,000

3,974,402‌

A

Total

Cash

Equivalents

(Cost

$20,108,559)

20,109,286‌

Total

Investments

in

Securities

(Cost

$262,321,228)

540,286,751‌

14

Multi

Cap

Equity

Fund

(Continued)

Schedule

of

Investments

December

31,

2023

(Unaudited)

a

a

$

Principal

Amount

$

Value

a

a

Other

Assets

Less

Other

Liabilities

-  0.1%

388,994‌

Net

Assets

-

100%

540,675,745‌

Net

Asset

Value

Per

Share

-

Investor

Class

29.98

Net

Asset

Value

Per

Share

-

Institutional

Class

30.86

(a)

Non-income

producing.

(b)

Foreign

domiciled

entity.

(c)

This

security

is

classified

as

Level

3

within

the

fair

value

hierarchy.

(d)

Rate

presented

represents

the

7

day

average

yield

at

December

31,

2023.

(e)

Interest

rates

presented

represent

the

effective

yield

at

December

31,

2023.

15

Nebraska

Tax

Free

Income

Fund

Schedule

of

Investments

December

31,

2023

(Unaudited)

Municipal

Bonds

-

94.1%

a

a

%

of

Net

Assets

$

Principal

Amount

$

Value

a

a

California

0.9

San

Diego

County

Regional

Airport

Authority

Revenue

Series

B

5%

7/1/25

200,000

204,771‌

a

Florida

0.8

State

of

Florida

General

Obligation

4%

6/1/36

200,000

201,467‌

a

Nebraska

87.4

Ashland-Greenwood

Public

Schools

General

Obligation

3%

12/15/42

100,000

82,970‌

Cass

County

School

District

No.

22

General

Obligation

    2.05%

12/15/25

375,000

366,476‌

    2.2%

12/15/26

250,000

243,958‌

City

of

Bellevue

NE

General

Obligation

Series

A

3%

9/15/32

500,000

499,340‌

City

of

Blair

NE

General

Obligation

5%

6/15/34

360,000

392,974‌

City

of

Blair

NE

Water

System

Revenue

    2.65%

12/15/24

100,000

98,702‌

    2.85%

12/15/25

100,000

98,062‌

    3%

12/15/26

100,000

97,662‌

    3.1%

12/15/27

100,000

97,122‌

    3.2%

12/15/28

100,000

97,003‌

City

of

Columbus

NE

Combined

Utilities

System

Revenue

    4%

12/15/26

100,000

104,136‌

    4%

12/15/27

100,000

103,834‌

    4%

6/15/33

200,000

212,010‌

City

of

Columbus

NE

General

Obligation

    3%

12/15/29

150,000

150,263‌

    3%

12/15/30

150,000

149,615‌

City

of

Grand

Island

NE

Combined

Utility

System

Revenue

Series

A

    4%

8/15/35

205,000

216,913‌

    4%

8/15/36

125,000

131,130‌

City

of

Grand

Island

NE

General

Obligation

    3%

11/15/27

150,000

150,632‌

    3%

11/15/30

150,000

150,016‌

City

of

Gretna

NE

Certificates

of

Participation

4%

12/15/25

500,000

504,224‌

City

of

Kearney

NE

General

Obligation

4%

5/15/34

220,000

224,390‌

City

of

Lincoln

NE

Electric

System

Revenue

3%

9/1/28

30,000

30,102‌

City

of

Norfolk

NE

General

Obligation

3.38%

5/15/34

500,000

500,679‌

City

of

Omaha

NE

General

Obligation

Series

A

    3%

4/15/35

100,000

97,821‌

Series

A

Class

A

–

    3%

4/15/34

100,000

98,383‌

City

of

Omaha

NE

Riverfront

Redevelopment

Special

Tax

Revenue

Series

A

4%

1/15/33

260,000

274,905‌

City

of

Omaha

NE

Sewer

Revenue

    5%

4/1/26

250,000

262,547‌

    4%

4/1/31

350,000

356,581‌

Series

A

    4%

4/1/34

100,000

106,638‌

County

of

Saline

NE

Revenue

3%

2/15/31

200,000

197,263‌

County

of

Sarpy

NE

Certificates

of

Participation

1.75%

6/15/26

500,000

483,002‌

County

of

Seward

NE

General

Obligation

3%

12/15/30

605,000

604,198‌

Cozad

City

School

District

General

Obligation

4%

6/15/26

250,000

256,918‌

Dawson

County

Public

Power

District

Revenue

Series

A

a

a

%

of

Net

Assets

$

Principal

Amount

$

Value

a

a

    2%

6/15/26

170,000

166,600‌

    2.1%

6/15/27

105,000

103,273‌

Series

B

    2.5%

6/15/28

135,000

135,005‌

    3%

6/15/29

245,000

245,038‌

    3%

6/15/30

355,000

355,058‌

Dodge

County

School

District

No.

595

General

Obligation

1.9%

6/15/32

200,000

179,825‌

Douglas

County

Hospital

Authority

No.

2

Revenue

    5%

5/15/26

500,000

501,782‌

    5%

5/15/30

140,000

147,345‌

    4%

5/15/32

700,000

713,561‌

Douglas

County

Hospital

Authority

No.

3

Revenue

5%

11/1/26

250,000

258,049‌

Douglas

County

School

District

No.

59

NE

General

Obligation

3%

12/15/32

100,000

97,037‌

Kearney

School

District

General

Obligation

3%

12/15/24

250,000

249,811‌

Lancaster

County

School

District

001

General

Obligation

5%

1/15/24

50,000

50,032‌

Lincoln

Airport

Authority

Revenue

5%

7/1/27

150,000

159,070‌

Madison

County

Hospital

Authority

No.

1

Revenue

5%

7/1/35

140,000

142,356‌

Metropolitan

Utilities

District

of

Omaha

Gas

System

Revenue

4%

12/1/27

450,000

455,749‌

Municipal

Energy

Agency

of

Nebraska

Revenue

    5%

4/1/27

350,000

371,125‌

    5%

4/1/28

225,000

238,581‌

Nebraska

Cooperative

Republican

Platte

Enhancement

Project

Revenue

Series

A

2%

12/15/29

250,000

231,763‌

Nebraska

Educational

Health

Cultural

&

Social

Services

Finance

Authority

Revenue

4%

1/1/34

110,000

113,809‌

Nebraska

Investment

Finance

Authority

Revenue

    4.45%

9/1/43

180,000

183,738‌

Series

A

    2.05%

9/1/24

120,000

118,904‌

Series

B

    1.35%

9/1/26

200,000

185,266‌

Series

C

    2%

9/1/35

325,000

278,787‌

Nebraska

Public

Power

District

Revenue

Series

C

5%

1/1/32

65,000

67,329‌

Nebraska

State

College

Facilities

Corp.

Revenue

4%

7/15/28

250,000

258,741‌

Omaha

Public

Facilities

Corp.

Revenue

    4%

6/1/28

85,000

87,686‌

Series

A

    4%

6/1/31

155,000

165,953‌

Series

C

    4%

4/1/33

340,000

359,746‌

    4%

4/1/39

500,000

509,749‌

Omaha

Public

Power

District

Revenue

Series

A

    2.85%

2/1/27

500,000

499,676‌

Series

C

    5%

2/1/39

150,000

152,270‌

Omaha

School

District

General

Obligation

    5%

12/15/28

130,000

132,430‌

    5%

12/15/29

350,000

373,138‌

    5%

12/15/31

135,000

143,018‌

Papillion

Municipal

Facilities

Corp.

Revenue

    2%

12/15/32

100,000

90,472‌

    2%

12/15/34

200,000

177,382‌

16

Nebraska

Tax

Free

Income

Fund

(Continued)

Schedule

of

Investments

December

31,

2023

(Unaudited)

a

a

%

of

Net

Assets

$

Principal

Amount

$

Value

a

a

Papillion-La

Vista

School

District

No.

27

General

Obligation

Series

A

    2.05%

12/1/24

150,000

147,951‌

    2.2%

12/1/25

150,000

147,242‌

    2.3%

12/1/26

275,000

272,845‌

Series

B

    4%

12/1/35

400,000

428,019‌

Public

Power

Generation

Agency

Revenue

    5%

1/1/28

500,000

508,360‌

    5%

1/1/32

140,000

146,079‌

State

of

Nebraska

Certificates

of

Participation

    3%

2/1/26

60,000

60,194‌

Series

A

    2%

4/1/26

150,000

145,874‌

University

of

Nebraska

Facilities

Corp.

(The)

5%

7/15/29

380,000

400,121‌

University

of

Nebraska

Revenue

    3%

7/1/25

100,000

100,291‌

    2.5%

7/1/26

210,000

209,419‌

    3%

7/1/27

100,000

101,701‌

    5%

5/15/30

100,000

109,302‌

Upper

Republican

Natural

Resource

District

Revenue

    4%

12/15/25

245,000

245,223‌

    4%

12/15/27

395,000

395,411‌

Village

of

Boys

Town

NE

Revenue

    3%

9/1/28

700,000

709,572‌

    3%

7/1/35

325,000

317,997‌

Winside

Public

Schools

General

Obligation

2%

6/15/31

350,000

314,195‌

a

20,899,419‌

a

New

Mexico

1.6

New

Mexico

Finance

Authority

Revenue

Series

C

4%

6/1/34

365,000

372,054‌

a

Texas

1.6

City

of

Austin

Tx

Airport

System

Revenue

Series

B

5%

11/15/26

250,000

262,086‌

City

of

Austin

Tx

Electric

Utility

Revenue

Series

A

5%

11/15/35

100,000

113,902‌

a

375,988‌

a

Utah

0.5

City

of

Salt

Lake

City

UT

Public

Utilities

Revenue

5%

2/1/35

100,000

111,876‌

a

Washington

1.3

Pierce

County

School

District

No.

10

Tacoma

General

Obligation

Series

B

4%

12/1/35

100,000

106,107‌

Port

of

Seattle

WA

Revenue

Series

C

5%

5/1/26

200,000

207,574‌

a

313,681‌

a

Total

Municipal

Bonds

(Cost

$23,145,431)

22,479,256‌

Cash

Equivalents

-

4.7%

a

a

$

Principal

Amount

$

Value

a

a

JPMorgan

U.S.

Government

Money

Market

Fund

-

Institutional

Class

5.21%

(Cost

$1,133,569)

(a)

1,133,569

1,133,569‌

a

Total

Investments

in

Securities

(Cost

$24,279,000)

23,612,825‌

Other

Assets

Less

Other

Liabilities

-  1.2%

275,288‌

Net

Assets

-

100%

23,888,113‌

Net

Asset

Value

Per

Share

-

Investor

Class

9.67

(a)

Rate

presented

represents

the

7

day

average

yield

at

December

31,

2023.

17

Partners

III

Opportunity

Fund

Schedule

of

Investments

December

31,

2023

(Unaudited)

Common

Stocks

-

93.9%

a

Financials

%

of

Net

Assets

Shares

$

Value

Transaction

&

Payment

Processing

Services

15.7

Visa,

Inc.

-

Class

A

80,000

20,828,000‌

Mastercard,

Inc.

-

Class

A

45,000

19,192,950‌

Fidelity

National

Information

Services,

Inc.

200,000

12,014,000‌

Global

Payments,

Inc.

90,000

11,430,000‌

a

Multi-Sector

Holdings

10.4

Berkshire

Hathaway,

Inc.

-

Class

B

(a)

(b)

117,500

41,907,550‌

a

Property

&

Casualty

Insurance

3.1

Markel

Group,

Inc.

(a)

9,000

12,779,100‌

a

29.2

118,151,600‌

Communication

Services

Interactive

Media

&

Services

10.2

Alphabet,

Inc.

-

Class

C

(a)

180,000

25,367,400‌

Meta

Platforms,

Inc.

-

Class

A

(a)

45,000

15,928,200‌

a

Cable

&

Satellite

9.9

Liberty

Broadband

Corp.

(a)

Class

C

235,000

18,938,650‌

Class

A

40,000

3,225,600‌

Liberty

Media

Corp.-Liberty

SiriusXM

(a)

620,000

17,838,800‌

a

Alternative

Carriers

3.3

Liberty

Global,

Ltd.

-

Class

C

(a)

(c)

700,000

13,048,000‌

a

Movies

&

Entertainment

1.8

Liberty

Media

Corp.-Liberty

Live

(a)

195,000

7,265,850‌

a

25.2

101,612,500‌

Health

Care

Life

Sciences

Tools

&

Services

9.9

Thermo

Fisher

Scientific,

Inc.

40,000

21,231,600‌

Danaher

Corp.

80,000

18,507,200‌

a

Health

Care

Services

3.9

Laboratory

Corp.

of

America

Holdings

70,000

15,910,300‌

a

13.8

55,649,100‌

Information

Technology

Application

Software

5.1

Roper

Technologies,

Inc.

25,000

13,629,250‌

CoreCard

Corp.

†

(a)

510,000

7,053,300‌

a

Systems

Software

3.7

Microsoft

Corp.

40,000

15,041,600‌

a

Semiconductor

Materials

&

Equipment

3.0

Texas

Instruments,

Inc.

70,000

11,932,200‌

a

11.8

47,656,350‌

Consumer

Discretionary

Broadline

Retail

4.9

Amazon.com,

Inc.

(a)

(b)

130,000

19,752,200‌

a

Consumer

Discretionary  

%

of

Net

Assets

Shares

$

Value

a

Automotive

Retail

4.2

CarMax,

Inc.

(a)

220,000

16,882,800‌

a

9.1

36,635,000‌

Real

Estate

Real

Estate

Services

3.0

CoStar

Group,

Inc.

(a)

140,000

12,234,600‌

Materials

Specialty

Chemicals

1.8

Perimeter

Solutions

SA

(a)

(c)

1,600,000

7,360,000‌

a

Total

Common

Stocks

(Cost

$202,313,627)

379,299,150‌

Non-Convertible

Preferred

Stocks

-

1.4%

a

Qurate

Retail,

Inc.

8.00%

3/15/31

(Cost

$13,161,804)

155,000

5,573,800‌

Warrants

-

0.0%

a

Perimeter

Solutions

SA

Expires

11/8/24

(Cost

$15,000)

(c)

(d)

1,500,000

0‌

Cash

Equivalents

-

4.7%

a

a

$

Principal

Amount

$

Value

a

a

JPMorgan

U.S.

Government

Money

Market

Fund

-

Institutional

Class

5.21%

(Cost

$18,965,911)

(e)

18,965,911

18,965,911‌

a

Total

Investments

in

Securities

(Cost

$234,456,342)

403,838,861‌

Due

from

Broker

-

5.4%

21,684,260‌

Securities

Sold

Short

-

(5.3)%

(21,352,400‌)

Options

Written

-

(0.1)%

(276,000‌)

Other

Assets

Less

Other

Liabilities

-  0.0%

(112,703‌)

Net

Assets

-

100%

403,782,018‌

Net

Asset

Value

Per

Share

-

Investor

Class

11.10

Net

Asset

Value

Per

Share

-

Institutional

Class

12.18

Securities

Sold

Short

-

(5.3)%

Shares

$

Value

a

Live

Nation

Entertainment,

Inc.

25,000

(2,340,000‌)

SPDR

S&P

500

ETF

Trust

40,000

(19,012,400‌)

Total

Securities

Sold

Short

(proceeds

$10,576,102)

(21,352,400‌)

Options

Written-

(0.

1

)%

$

Notional

Shares

subject

to

option

$

Value

Covered

Call

Options

CarMax,

Inc.

April

2024

/

$90

1,800,000

20,000

(42,000‌)

CarMax,

Inc.

April

2024

/

$80

1,600,000

20,000

(108,000‌)

CarMax,

Inc.

July

2024

/

$85

1,700,000

20,000

(126,000‌)

Total

Options

Written

(premiums

received

$306,986)

(276,000‌)

18

Partners

III

Opportunity

Fund

(Continued)

Schedule

of

Investments

December

31,

2023

(Unaudited)

†

Non-controlled

affiliate.

(a)

Non-income

producing.

(b)

Fully

or

partially

pledged

as

collateral

on

securities

sold

short.

(c)

Foreign

domiciled

entity.

(d)

This

security

is

classified

as

Level

3

within

the

fair

value

hierarchy.

(e)

Rate

presented

represents

the

7

day

average

yield

at

December

31,

2023.

19

Short

Duration

Income

Fund

Schedule

of

Investments

December

31,

2023

(Unaudited)

Corporate

Bonds

-

10.2%

a

a

a

$

Principal

Amount

$

Value

a

a

Abercrombie

&

Fitch

Management

Co.

8.75%

7/15/25

(a)

5,525,000

5,613,671‌

Agree,

LP

2%

6/15/28

2,239,000

1,944,084‌

American

Airlines

Group,

Inc.

3.75%

3/1/25

(a)

750,000

731,581‌

American

Airlines,

Inc./AAdvantage

Loyalty

IP

Ltd.

5.5%

4/20/26

(a)

1,729,167

1,717,964‌

Ares

Capital

Corp.

4.2%

6/10/24

3,000,000

2,971,962‌

7%

1/15/27

1,000,000

1,029,170‌

Ashtead

Capital,

Inc.

1.5%

8/12/26

(a)

1,000,000

907,194‌

4.38%

8/15/27

(a)

3,000,000

2,884,208‌

Bath

&

Body

Works,

Inc.

9.38%

7/1/25

(a)

1,000,000

1,056,860‌

6.69%

1/15/27

945,000

966,653‌

Boardwalk

Pipelines

LP

4.95%

12/15/24

2,580,000

2,563,474‌

Brunswick

Corp.

0.85%

8/18/24

500,000

484,024‌

Cantor

Fitzgerald

LP

4.5%

4/14/27

(a)

1,500,000

1,441,029‌

Carlisle

Cos.,

Inc.

3.5%

12/1/24

500,000

490,782‌

Cinemark

USA,

Inc.

5.88%

3/15/26^

(a)

2,199,000

2,154,362‌

Concentrix

Corp.

6.65%

8/2/26

2,910,000

2,984,418‌

Delta

Air

Lines,

Inc./SkyMiles

IP

Ltd.

4.5%

10/20/25

(a)

1,998,000

1,968,421‌

Devon

Energy

Corp.

5.25%

10/15/27

390,000

392,373‌

Drax

Finco

PLC

6.63%

11/1/25

(a)

(b)

3,500,000

3,446,902‌

Energy

Transfer

LP

3.9%

5/15/24

1,852,000

1,838,426‌

5.63%

5/1/27

(a)

610,000

608,322‌

EPR

Properties

4.75%

12/15/26

4,869,000

4,662,479‌

4.5%

6/1/27

1,000,000

944,313‌

Expedia

Group,

Inc.

6.25%

5/1/25

(a)

1,672,000

1,689,256‌

Fidelity

National

Information

Services,

Inc.

4.5%

7/15/25

2,000,000

1,980,594‌

FS

KKR

Capital

Corp.

1.65%

10/12/24

6,000,000

5,791,158‌

Hercules

Capital,

Inc.

2.63%

9/16/26

1,500,000

1,354,761‌

Highwoods

Realty

LP

3.88%

3/1/27

750,000

696,761‌

JPMorgan

Chase

&

Co.

3.84%

6/14/25

Floating

Rate

(SOFR

+

98)

800,000

793,755‌

0.77%

8/9/25

Floating

Rate

(SOFR

+

49)

1,000,000

969,896‌

Kite

Realty

Group

Trust

4%

3/15/25

2,083,000

2,031,391‌

LXP

Industrial

Trust

4.4%

6/15/24

2,000,000

1,979,138‌

Masonite

International

Corp.

5.38%

2/1/28

(a)

400,000

384,544‌

a

a

a

$

Principal

Amount

$

Value

a

a

Mileage

Plus

Holdings

LLC/Mileage

Plus

Intellectual

Property

Assets

Ltd.

6.5%

6/20/27

(a)

1,600,900

1,606,614‌

MPLX

LP

4.88%

6/1/25

1,961,000

1,950,079‌

Retail

Opportunity

Investments

Partnership

LP

6.75%

10/15/28

3,500,000

3,680,667‌

Starwood

Property

Trust,

Inc.

4.75%

3/15/25

1,765,000

1,743,087‌

Synchrony

Bank

5.4%

8/22/25

1,000,000

985,548‌

Take-Two

Interactive

Software,

Inc.

3.3%

3/28/24

1,000,000

993,865‌

U.S.

Bancorp

2.4%

7/30/24

500,000

491,563‌

VICI

Properties

LP/VICI

Note

Co.,

Inc.

3.5%

2/15/25

(a)

6,323,000

6,165,273‌

4.63%

6/15/25

(a)

3,100,000

3,046,912‌

Vontier

Corp.

1.8%

4/1/26

1,004,000

924,229‌

Vulcan

Materials

Co.

5.8%

3/1/26

2,750,000

2,753,010‌

a

Total

Corporate

Bonds

(Cost

$86,450,764)

85,814,773‌

Corporate

Convertible

Bonds

-

1.1%

a

a

Redwood

Trust,

Inc.

5.63%

7/15/24

6,300,000

6,236,985‌

5.75%

10/1/25

3,000,000

2,818,125‌

a

Total

Corporate

Convertible

Bonds

(Cost

$9,294,747)

9,055,110‌

Asset-Backed

Securities

-

41.2%

a

a

Automobile

ACM

Auto

Trust

(ACM)

Series

2023-1A

Class

A

–6.61%

1/22/30

(a)

752,770

752,365‌

Series

2023-1A

Class

B

–7.26%

1/22/30

(a)

2,000,000

1,998,391‌

Series

2023-2A

Class

A

–7.97%

6/20/30

(a)

4,838,782

4,856,097‌

Series

2023-2A

Class

B

–9.85%

6/20/30

(a)

3,000,000

3,021,554‌

American

Credit

Acceptance

Receivables

Trust

(ACAR)

Series

2020-4

Class

D

–1.77%

12/14/26

(a)

1,000,000

990,969‌

AmeriCredit

Automobile

Receivables

Trust

(AMCAR)

Series

2020-2

Class

D

–2.13%

3/18/26

1,320,000

1,273,903‌

Series

2020-3

Class

D

–1.49%

9/18/26

3,000,000

2,837,941‌

ARI

Fleet

Lease

Trust

(ARIFL)

Series

2022-A

Class

A2

–3.12%

1/15/31

(a)

511,272

506,640‌

Series

2023-B

Class

A2

–6.05%

7/15/32

(a)

2,850,000

2,883,217‌

Arivo

Acceptance

Auto

Loan

Receivables

Trust

(ARIVO)

Series

2021-1A

Class

A

–1.19%

1/15/27

(a)

77,908

76,715‌

Series

2022-1A

Class

A

–3.93%

5/15/28

(a)

2,218,970

2,178,674‌

Avid

Automobile

Receivables

Trust

(AVID)

Series

2023-1

Class

A

–6.63%

7/15/26

(a)

1,215,463

1,214,799‌

BOF

URSA

VI

Funding

Trust

I

(BOF)

Series

2023-CAR1

Class

A2

–5.54%

10/27/31

(a)

411,999

410,320‌

Series

2023-CAR2

Class

A2

–5.54%

10/27/31

(a)

958,797

954,996‌

BOF

VII

AL

Funding

Trust

I

(BOF)

Series

2023-CAR3

Class

A2

–6.29%

7/26/32

(a)

4,051,091

4,078,307‌

20

Short

Duration

Income

Fund

(Continued)

Schedule

of

Investments

December

31,

2023

(Unaudited)

a

a

a

$

Principal

Amount

$

Value

a

a

CFMT

LLC

(CFMT)

Series

2021-AL1

Class

B

–1.39%

9/22/31

(a)

1,892,518

1,835,402‌

Chesapeake

Funding

II

LLC

(CFII)

Series

2021-1A

Class

A1

–0.47%

4/15/33

(a)

679,957

665,560‌

Series

2023-1A

Class

A1

–5.65%

5/15/35

(a)

2,084,547

2,090,968‌

Series

2023-2A

Class

A1

–6.16%

10/15/35

(a)

1,287,203

1,301,154‌

Enterprise

Fleet

Financing

LLC

(EFF)

Series

2023-1

Class

A2

–5.51%

1/22/29

(a)

736,530

737,550‌

Series

2023-2

Class

A2

–5.56%

4/22/30

(a)

4,350,000

4,363,898‌

Series

2023-3

Class

A2

–6.4%

3/20/30

(a)

3,100,000

3,170,560‌

Exeter

Automobile

Receivables

Trust

(EART)

Series

2020-1A

Class

D

–2.73%

12/15/25

(a)

938,401

926,135‌

Series

2020-3A

Class

D

–1.73%

7/15/26

820,870

811,121‌

Series

2021-1A

Class

D

–1.08%

11/16/26

1,350,000

1,306,269‌

FHF

Issuer

Trust

(FHF)

Series

2023-2A

Class

A2

–6.79%

10/15/29

(a)

1,750,000

1,773,279‌

First

Help

Financial

Trust

(FHF)

Series

2022-1A

Class

A

–4.43%

1/18/28

(a)

2,190,556

2,162,536‌

Series

2022-2A

Class

A

–6.14%

12/15/27

(a)

538,509

536,463‌

Series

2023-1A

Class

A2

–6.57%

6/15/28

(a)

1,776,553

1,771,282‌

First

Investors

Auto

Owner

Trust

(FIAOT)

Series

2022-1A

Class

A

–2.03%

1/15/27

(a)

865,287

850,339‌

Foursight

Capital

Automobile

Receivables

Trust

(FCRT)

Series

2022-2

Class

A2

–4.49%

3/16/26

(a)

1,272,568

1,269,572‌

Series

2023-1

Class

A2

–5.43%

10/15/26

(a)

1,834,107

1,828,878‌

GLS

Auto

Receivables

Issuer

Trust

(GCAR)

Series

2022-2A

Class

A2

–3.55%

1/15/26

(a)

637,436

635,231‌

JPMorgan

Chase

Auto

Credit

Linked

Note

(CACLN)

Series

2020-2

Class

A2

–0.84%

2/25/28

(a)

20,698

20,618‌

Series

2021-1

Class

A2

–0.88%

9/25/28

(a)

704,080

691,500‌

Series

2021-2

Class

A4

–0.89%

12/26/28

(a)

702,335

686,676‌

LAD

Auto

Receivables

Trust

(LADAR)

Series

2021-1A

Class

A

–1.3%

8/17/26

(a)

1,265,884

1,250,571‌

Series

2022-1A

Class

A

–5.21%

6/15/27

(a)

2,591,590

2,578,917‌

Series

2023-1A

Class

A2

–5.68%

10/15/26

(a)

2,046,427

2,044,360‌

Series

2023-1A

Class

B

–5.59%

8/16/27

(a)

2,500,000

2,499,591‌

Series

2023-2A

Class

A2

–5.93%

6/15/27

(a)

1,608,325

1,609,787‌

Series

2023-4A

Class

A3

–6.1%

12/15/27

(a)

3,625,000

3,664,517‌

Lendbuzz

Securitization

Trust

(LBST)

Series

2023-1A

Class

A2

–6.92%

8/15/28

(a)

5,927,630

5,961,568‌

Series

2023-3A

Class

A2

–7.5%

12/15/28

(a)

7,500,000

7,606,573‌

Lobel

Automobile

Receivables

Trust

(LOBEL)

Series

2023-2

Class

A

–7.59%

4/16/29

(a)

1,028,924

1,035,935‌

Merchants

Fleet

Funding

LLC

(MFF)

Series

2023-1A

Class

A

–7.21%

5/20/36

(a)

9,200,000

9,300,477‌

OneMain

Direct

Auto

Receivables

Trust

(ODART)

Series

2021-1A

Class

A

–0.87%

7/14/28

(a)

2,181,880

2,094,803‌

Series

2022-1A

Class

C

–1.42%

7/14/28

(a)

4,100,000

3,729,944‌

Prestige

Auto

Receivables

Trust

(PART)

Series

2022-1A

Class

B

–6.55%

7/17/28

(a)

3,000,000

3,011,839‌

Research-Driven

Pagaya

Motor

Asset

Trust

(RPM)

Series

2023-3A

Class

A

–7.13%

1/26/32

(a)

4,988,895

5,020,986‌

Series

2023-4A

Class

A

–7.54%

3/25/32

(a)

5,000,000

5,029,523‌

Santander

Bank

NA

(SBCLN)

Series

2021-1A

Class

B

–1.83%

12/15/31

(a)

700,258

682,335‌

Santander

Drive

Auto

Receivables

Trust

(SDART)

Series

2020-2

Class

D

–2.22%

9/15/26

2,190,936

2,164,783‌

SFS

Auto

Receivables

Securitization

Trust

(SFS)

Series

2023-1A

Class

A2A

–5.89%

3/22/27

(a)

1,715,737

1,719,038‌

Tricolor

Auto

Securitization

Trust

(TCAST)

Series

2023-1A

Class

A

–6.48%

8/17/26

(a)

1,362,258

1,361,468‌

a

a

a

$

Principal

Amount

$

Value

a

a

United

Auto

Credit

Securitization

Trust

(UACST)

Series

2023-1

Class

A

–5.57%

7/10/25

(a)

127,229

127,160‌

Westlake

Automobile

Receivables

Trust

(WLAKE)

Series

2020-3A

Class

D

–1.65%

2/17/26

(a)

1,650,000

1,623,939‌

Series

2021-1A

Class

C

–0.95%

3/16/26

(a)

1,874,979

1,858,438‌

Wheels

Fleet

Lease

Funding

LLC

(WFLF)

Series

2023-2A

Class

A

–6.46%

8/18/38

(a)

6,600,000

6,683,471‌

a

130,129,902‌

a

Collateralized

Loan

Obligations

ABPCI

Direct

Lending

Fund

CLO

I

LLC

(ABPCI)

Series

2016-1A

Class

A1A2

–7.38%

7/20/33

Floating

Rate

(TSFR3M

+

196)

(a)

(b)

(c)

2,000,000

1,989,880‌

ABPCI

Direct

Lending

Fund

CLO

X

LP

(ABPCI)

Series

2020-10A

Class

A

–7.54%

1/20/32

Floating

Rate

(TSFR3M

+

221)

(a)

(b)

(c)

6,500,000

6,509,508‌

Audax

Senior

Debt

CLO

6

LLC

(AUDAX)

Series

2021-6A

Class

A1

–7.18%

10/20/33

Floating

Rate

(TSFR3M

+

176)

(a)

(c)

6,000,000

5,963,710‌

AUF

Funding

LLC

(AUF)

Series

2022-1A

Class

B1

–9.17%

1/20/31

Floating

Rate

(TSFR3M

+

375)

(a)

(c)

2,500,000

2,522,825‌

BCRED

MML

CLO

LLC

(BXCMM)

Series

2022-1A

Class

A1

–7.07%

4/20/35

Floating

Rate

(TSFR3M

+

165)

(a)

(b)

(c)

3,000,000

2,982,269‌

BlackRock

Elbert

CLO

V

LLC

(ELB)

Series

5A

Class

AR

–7.23%

6/15/34

Floating

Rate

(TSFR3M

+

185)

(a)

(b)

(c)

2,000,000

1,993,117‌

BlackRock

Rainier

CLO

VI

Ltd.

(BLKMM)

Series

2021-6A

Class

A

–7.38%

4/20/33

Floating

Rate

(TSFR3M

+

196)

(a)

(b)

(c)

5,500,000

5,480,143‌

Brightwood

Capital

MM

CLO

Ltd.

(BWCAP)

Series

2020-1A

Class

A1R

–8.19%

1/15/31

Floating

Rate

(TSFR3M

+

280)

(a)

(b)

(c)

2,145,998

2,146,406‌

Capital

Four

US

CLO

II

Ltd.

(C4US)

Series

2022-1A

Class

A1

–7.56%

10/20/30

Floating

Rate

(TSFR3M

+

214)

(a)

(b)

(c)

5,889,626

5,903,129‌

Cerberus

Loan

Funding

LP

(CERB)

Series

2020-1A

Class

A

–7.51%

10/15/31

Floating

Rate

(TSFR3M

+

211)

(a)

(b)

(c)

2,524,941

2,524,798‌

Series

2021-2A

Class

A

–7.28%

4/22/33

Floating

Rate

(TSFR3M

+

188)

(a)

(b)

(c)

3,000,000

2,989,752‌

Series

2021-6A

Class

A

–7.06%

11/22/33

Floating

Rate

(TSFR3M

+

166)

(a)

(b)

(c)

383,276

383,448‌

Cerberus

Loan

Funding

XLII

LLC

(CERB)

Series

2023-4A

Class

A

–7.82%

10/15/35

Floating

Rate

(TSFR3M

+

243)

(a)

(c)

3,000,000

2,999,740‌

Churchill

Middle

Market

CLO

III

Ltd.

(CHMML)

Series

2021-1A

Class

A1

–7.16%

10/24/33

Floating

Rate

(TSFR3M

+

176)

(a)

(b)

(c)

2,750,000

2,733,656‌

CIFC-LBC

Middle

Market

CLO

(CLBC)

Series

2023-1A

Class

A1

–8.04%

10/20/35

Floating

Rate

(TSFR3M

+

260)

(a)

(c)

5,000,000

5,024,448‌

Deerpath

Capital

CLO

Ltd.

(DPATH)

Series

2021-2A

Class

A1

–7.26%

1/15/34

Floating

Rate

(TSFR3M

+

186)

(a)

(b)

(c)

4,000,000

3,992,471‌

Series

2023-1A

Class

A1

–8.19%

4/15/35

Floating

Rate

(TSFR3M

+

280)

(a)

(b)

(c)

3,000,000

3,013,025‌

Fortress

Credit

Opportunities

IX

CLO

Ltd.

(FCO)

Series

2017-9A

Class

A1TR

–7.21%

10/15/33

Floating

Rate

(TSFR3M

+

181)

(a)

(b)

(c)

1,500,000

1,492,500‌

21

a

a

a

$

Principal

Amount

$

Value

a

a

Fortress

Credit

Opportunities

XV

CLO

Ltd.

(FCO)

Series

2021-15A

Class

A2

–7.19%

4/25/33

Floating

Rate

(TSFR3M

+

181)

(a)

(b)

(c)

3,500,000

3,477,086‌

Golub

Capital

Partners

CLO

31M

Ltd.

(GOCAP)

Series

2016-31A

Class

CR

–8.55%

8/5/30

Floating

Rate

(TSFR3M

+

316)

(a)

(b)

(c)

1,000,000

995,000‌

Golub

Capital

Partners

CLO

54M

LP

(GOCAP)

Series

2021-54A

Class

A2

–7.18%

8/5/33

Floating

Rate

(TSFR3M

+

179)

(a)

(b)

(c)

4,500,000

4,480,233‌

Series

2021-54A

Class

B

–7.5%

8/5/33

Floating

Rate

(TSFR3M

+

211)

(a)

(b)

(c)

2,500,000

2,433,419‌

Golub

Capital

Partners

Short

Duration

(GSHOR)

Series

2022-1A

Class

B1

–8.88%

10/25/31

Floating

Rate

(TSFR3M

+

350)

(a)

(c)

1,000,000

1,004,648‌

Ivy

Hill

Middle

Market

Credit

Fund

IX

Ltd.

(IVYH)

Series

9A

Class

A1TR

–7.03%

4/23/34

Floating

Rate

(TSFR3M

+

162)

(a)

(b)

(c)

3,500,000

3,460,311‌

KKR

Lending

Partners

III

CLO

LLC

(KKRLP)

Series

2021-1A

Class

B

–7.58%

10/20/30

Floating

Rate

(TSFR3M

+

216)

(a)

(c)

2,000,000

1,992,024‌

KKR

Static

CLO

I

Ltd.

(KKRS)

Series

2022-1A

Class

B

–8.02%

7/20/31

Floating

Rate

(TSFR3M

+

260)

(a)

(b)

(c)

1,250,000

1,253,414‌

Maranon

Loan

Funding

Ltd.

(MRNON)

Series

2021-2RA

Class

A1R

–7.35%

7/15/33

Floating

Rate

(TSFR3M

+

195)

(a)

(b)

(c)

5,000,000

4,979,804‌

Monroe

Capital

Funding

CLO

X

Ltd.

(MCF)

Series

2023-1A

Class

A

–7.23%

4/15/35

Floating

Rate

(TSFR3M

+

240)

(a)

(c)

3,000,000

3,015,018‌

Monroe

Capital

MML

CLO

XII

Ltd.

(MCMML)

Series

2021-2A

Class

A1

–7.15%

9/14/33

Floating

Rate

(TSFR3M

+

176)

(a)

(b)

(c)

7,500,000

7,477,815‌

Owl

Rock

CLO

VIII

LLC

(OR)

Series

2022-8A

Class

AT

–7.87%

11/20/34

Floating

Rate

(TSFR3M

+

250)

(a)

(c)

2,000,000

2,006,298‌

Palmer

Square

Loan

Funding

Ltd.

(PSTAT)

Series

2021-1A

Class

A2

–6.93%

4/20/29

Floating

Rate

(TSFR3M

+

151)

(a)

(b)

(c)

3,000,000

2,959,564‌

Twin

Brook

CLO

(TWBRK)

Series

2021-1A

Class

A

–7.21%

1/20/34

Floating

Rate

(TSFR3M

+

179)

(a)

(c)

1,200,000

1,195,273‌

Series

2023-1A

Class

B

–8.62%

4/20/35

Floating

Rate

(TSFR3M

+

320)

(a)

(c)

3,000,000

3,022,660‌

a

104,397,392‌

a

Consumer

&

Specialty

Finance

Affirm

Asset

Securitization

Trust

(AFFRM)

Series

2022-Z1

Class

A

–4.55%

6/15/27

(a)

1,072,754

1,060,996‌

Series

2023-X1

Class

A

–7.11%

11/15/28

(a)

1,060,000

1,063,324‌

Bankers

Healthcare

Group

Securitization

Trust

(BHG)

Series

2020-A

Class

A

–2.56%

9/17/31

(a)

507,079

503,013‌

Series

2021-A

Class

A

–1.42%

11/17/33

(a)

379,416

357,886‌

Series

2022-B

Class

A

–3.75%

6/18/35

(a)

280,275

278,891‌

Series

2022-B

Class

B

–4.84%

6/18/35

(a)

1,498,342

1,463,410‌

Series

2022-C

Class

A

–5.32%

10/17/35

(a)

881,830

876,298‌

Series

2023-A

Class

A

–5.55%

4/17/36

(a)

3,316,754

3,301,121‌

BHG

Securitization

Trust

(BHG)

Series

2023-B

Class

A

–6.92%

12/17/36

(a)

1,729,208

1,757,332‌

Foundation

Finance

Trust

(FFIN)

Series

2019-1A

Class

A

–3.86%

11/15/34

(a)

214,413

212,634‌

Series

2021-2A

Class

A

–2.19%

1/15/42

(a)

1,359,120

1,234,152‌

Series

2023-1A

Class

A

–5.67%

12/15/43

(a)

1,671,216

1,672,569‌

a

a

a

$

Principal

Amount

$

Value

a

a

Series

2023-2A

Class

A

–6.53%

6/15/49

(a)

4,049,696

4,130,758‌

FREED

ABS

Trust

(FREED)

Series

2022-3FP

Class

B

–5.79%

8/20/29

(a)

1,236,879

1,235,921‌

Series

2022-4FP

Class

B

–7.58%

12/18/29

(a)

1,103,256

1,107,769‌

Hilton

Grand

Vacations

Trust

(HGVT)

Series

2020-AA

Class

A

–2.74%

2/25/39

(a)

157,835

149,674‌

Lendingpoint

Asset

Securitization

Trust

(LPST)

Series

2022-B

Class

A

–4.77%

10/15/29

(a)

270,865

268,521‌

Series

2022-C

Class

A

–6.56%

2/15/30

(a)

1,777,539

1,776,749‌

LP

LMS

Asset

Securitization

Trust

(LPMS)

Series

2023-1A

Class

A

–8.18%

10/17/33

(a)

1,074,216

1,079,448‌

Marlette

Funding

Trust

(MFT)

Series

2021-2A

Class

B

–1.06%

9/15/31

(a)

13,616

13,586‌

Series

2022-3A

Class

A

–5.18%

11/15/32

(a)

834,340

832,132‌

Series

2023-1A

Class

A

–6.07%

4/15/33

(a)

1,773,853

1,772,823‌

Series

2023-3A

Class

A

–6.49%

9/15/33

(a)

2,758,718

2,762,528‌

Octane

Receivables

Trust

(OCTL)

Series

2021-1A

Class

A5

–0.93%

3/22/27

(a)

248,403

244,699‌

Series

2021-2A

Class

A

–1.21%

9/20/28

(a)

722,996

704,002‌

Series

2022-1A

Class

A2

–4.18%

3/20/28

(a)

2,025,800

2,003,166‌

Series

2022-2A

Class

A

–5.11%

2/22/28

(a)

1,026,886

1,020,026‌

Series

2023-1A

Class

A

–5.87%

5/21/29

(a)

889,954

892,072‌

Series

2023-2A

Class

A2

–5.88%

6/20/31

(a)

5,052,269

5,064,253‌

Pagaya

AI

Debt

Selection

Trust

(PAID)

Series

2021-HG1

Class

A

–1.22%

1/16/29

(a)

1,065,308

1,034,185‌

Pagaya

AI

Debt

Trust

(PAID)

Series

2022-2

Class

A

–4.97%

1/15/30

(a)

455,889

453,346‌

Series

2022-3

Class

A

–6.06%

3/15/30

(a)

1,645,183

1,642,030‌

Series

2022-5

Class

A

–8.1%

6/17/30

(a)

1,283,153

1,301,066‌

Series

2023-1

Class

A

–7.56%

7/15/30

(a)

1,173,524

1,178,784‌

Series

2023-3

Class

A

–7.6%

12/16/30

(a)

1,752,054

1,762,218‌

Series

2023-5

Class

A

–7.18%

4/15/31

(a)

4,082,050

4,094,466‌

Series

2023-7

Class

A

–7.23%

7/15/31

(a)

1,000,000

1,003,346‌

Prosper

Marketplace

Issuance

Trust

(PMIT)

Series

2023-1A

Class

A

–7.06%

7/16/29

(a)

671,810

675,020‌

Sierra

Timeshare

Receivables

Funding

LLC

(SRFC)

Series

2019-2A

Class

A

–2.59%

5/20/36

(a)

239,199

234,842‌

Series

2019-2A

Class

B

–2.82%

5/20/36

(a)

29,900

29,372‌

Series

2020-2A

Class

A

–1.33%

7/20/37

(a)

394,671

375,269‌

SoFi

Consumer

Loan

Program

Trust

(SOFI)

Series

2023-1S

Class

A

–5.81%

5/15/31

(a)

187,357

187,143‌

Theorem

Funding

Trust

(THRM)

Series

2022-3A

Class

A

–7.6%

4/15/29

(a)

1,891,869

1,905,441‌

Upstart

Securitization

Trust

(UPST)

Series

2021-5

Class

A

–1.31%

11/20/31

(a)

227,810

226,211‌

Series

2023-1

Class

A

–6.59%

2/20/33

(a)

596,834

597,651‌

Series

2023-2

Class

A

–6.77%

6/20/33

(a)

3,062,207

3,077,206‌

a

58,617,349‌

a

Equipment

Amur

Equipment

Finance

Receivables

IX

LLC

(AXIS)

Series

2021-1A

Class

A2

–0.75%

11/20/26

(a)

523,053

517,169‌

Series

2021-1A

Class

B

–1.38%

2/22/27

(a)

1,000,000

971,503‌

Amur

Equipment

Finance

Receivables

XI

LLC

(AXIS)

Series

2022-2A

Class

A2

–5.3%

6/21/28

(a)

1,536,200

1,532,698‌

Amur

Equipment

Finance

Receivables

XII

LLC

(AXIS)

Series

2023-1A

Class

A2

–6.09%

12/20/29

(a)

3,489,492

3,519,377‌

Auxilior

Term

Funding

LLC

(XCAP)

Series

2023-1A

Class

A2

–6.18%

12/15/28

(a)

4,000,000

4,017,849‌

22

Short

Duration

Income

Fund

(Continued)

Schedule

of

Investments

December

31,

2023

(Unaudited)

a

a

a

$

Principal

Amount

$

Value

a

a

Dell

Equipment

Finance

Trust

(DEFT)

Series

2021-2

Class

A2

–0.53%

12/22/26

(a)

173,531

172,124‌

Series

2023-2

Class

A2

–5.84%

1/22/29

(a)

1,800,000

1,804,785‌

Series

2023-3

Class

A2

–6.1%

4/23/29

(a)

1,600,000

1,610,543‌

Series

2023-3

Class

A3

–5.93%

4/23/29

(a)

3,500,000

3,567,758‌

Dext

ABS

LLC

(DEXT)

Series

2021-1

Class

A

–1.12%

2/15/28

(a)

1,190,430

1,159,137‌

Series

2023-2

Class

A2

–6.56%

5/15/34

(a)

6,300,000

6,333,807‌

Granite

Park

Equipment

Leasing

LLC

(SCFGP)

Series

2023-1A

Class

A2

–6.51%

5/20/30

(a)

4,150,000

4,186,696‌

Series

2023-1A

Class

A3

–6.46%

9/20/32

(a)

1,400,000

1,444,056‌

HPEFS

Equipment

Trust

(HPEFS)

Series

2023-1A

Class

A2

–5.43%

8/20/25

(a)

2,305,910

2,303,146‌

MMAF

Equipment

Finance

LLC

(MMAF)

Series

2022-A

Class

A2

–2.77%

2/13/25

(a)

664,411

661,118‌

Series

2022-B

Class

A2

–5.57%

9/9/25

(a)

1,896,095

1,894,063‌

Series

2022-B

Class

A3

–5.61%

7/10/28

(a)

4,250,000

4,279,009‌

Series

2023-A

Class

A2

–5.79%

11/13/26

(a)

2,325,000

2,333,943‌

Pawnee

Equipment

Receivables

Series

LLC

(PWNE)

Series

2021-1

Class

A2

–1.1%

7/15/27

(a)

1,336,694

1,306,265‌

Series

2022-1

Class

A2

–4.84%

2/15/28

(a)

747,254

746,340‌

SCF

Equipment

Leasing

LLC

(SCFET)

Series

2022-2A

Class

A2

–6.24%

7/20/28

(a)

621,811

622,040‌

Series

2022-2A

Class

A3

–6.5%

10/21/30

(a)

2,750,000

2,773,011‌

Series

2023-1A

Class

A3

–6.17%

5/20/32

(a)

3,500,000

3,586,942‌

a

51,343,379‌

a

Other

Verizon

Master

Trust

(VZMT)

Series

2023-7

Class

A1A

–5.67%

11/20/29

3,000,000

3,085,744‌

a

Total

Asset-Backed

Securities

(Cost

$347,220,355)

347,573,766‌

Commercial

Mortgage-Backed

Securities

-

7.5%

a

a

AREIT

LLC

(AREIT)

Series

2023-CRE8

Class

AS

–8.23%

8/17/41

Floating

Rate

(TSFR1M

+

287)

(a)

5,000,000

4,989,319‌

AREIT

Trust

(AREIT)

Series

2021-CRE5

Class

A

–6.55%

11/17/38

Floating

Rate

(TSFR1M

+

119)

(a)

3,986,443

3,882,712‌

BPR

Trust

(BPR)

Series

2021-KEN

Class

A

–6.73%

2/15/29

Floating

Rate

(TSFR1M

+

136)

(a)

3,000,000

2,995,404‌

BRSP

Ltd.

(BRSP)

Series

2021-FL1

Class

A

–6.62%

8/19/38

Floating

Rate

(TSFR1M

+

126)

(a)

(b)

2,100,409

2,049,584‌

CLNC

Ltd.

(CLNC)

Series

2019-FL1

Class

AS

–7.02%

8/20/35

Floating

Rate

(TSFR1M

+

166)

(a)

(b)

4,694,000

4,637,364‌

FS

Rialto

Issuer

LLC

(FSRI)

Series

2022-FL5

Class

A

–7.66%

6/19/37

Floating

Rate

(TSFR1M

+

230)

(a)

(b)

4,500,000

4,461,875‌

Series

2022-FL7

Class

A

–8.26%

10/19/39

Floating

Rate

(TSFR1M

+

290)

(a)

1,500,000

1,508,792‌

GPMT

Ltd.

(GPMT)

Series

2021-FL3

Class

A

–6.72%

7/16/35

Floating

Rate

(TSFR1M

+

136)

(a)

(b)

2,729,982

2,682,676‌

a

a

a

$

Principal

Amount

$

Value

a

a

HERA

Commercial

Mortgage

Ltd.

(HCM)

Series

2021-FL1

Class

A

–6.52%

2/18/38

Floating

Rate

(TSFR1M

+

116)

(a)

(b)

3,340,557

3,254,149‌

HGI

CRE

CLO

Ltd.

(HGI)

Series

2021-FL1

Class

A4

–6.52%

6/16/36

Floating

Rate

(TSFR1M

+

116)

(a)

(b)

2,711,147

2,648,683‌

Series

2021-FL1

Class

AS

–6.87%

6/16/36

Floating

Rate

(TSFR1M

+

151)

(a)

(b)

4,000,000

3,851,237‌

Series

2021-FL2

Class

A4

–6.47%

9/17/36

Floating

Rate

(TSFR1M

+

111)

(a)

(b)

1,507,548

1,468,231‌

HIG

RCP

LLC

(HIG)

Series

2023-FL1

Class

A

–7.64%

9/19/38

Floating

Rate

(TSFR1M

+

227)

(a)

(b)

7,000,000

6,973,632‌

Hilton

USA

Trust

(HILT)

Series

2016-SFP

Class

E

–5.52%

11/5/35

(a)

4,300,000

499,268‌

ILPT

Commercial

Mortgage

Trust

(ILPT)

Series

2022-LPF2

Class

A

–7.61%

10/15/39

Floating

Rate

(TSFR1M

+

225)

(a)

1,000,000

998,341‌

KREF

Ltd.

(KREF)

Series

2021-FL2

Class

A4

–6.55%

2/15/39

Floating

Rate

(TSFR1M

+

118)

(a)

(b)

4,500,000

4,385,494‌

LoanCore

Issuer

Ltd.

(LNCR)

Series

2021-CRE5

Class

A

–6.78%

7/15/36

Floating

Rate

(TSFR1M

+

141)

(a)

(b)

3,982,118

3,931,133‌

STWD

Ltd.

(STWD)

Series

2022-FL3

Class

A

–6.69%

11/15/38

Floating

Rate

(SOFR30A

+

135)

(a)

(b)

6,500,000

6,314,723‌

VMC

Finance

LLC

(VMC)

Series

2021-FL4

Class

A

–6.57%

6/16/36

Floating

Rate

(TSFR1M

+

121)

(a)

2,305,987

2,251,668‌

a

Total

Commercial

Mortgage-Backed

Securities

(Cost

$68,288,286)

63,784,285‌

Mortgage-Backed

Securities

-

8.9%

a

a

Federal

Home

Loan

Mortgage

Corporation

Collateralized

Mortgage

Obligations

Series

3649

Class

A

–4%

3/15/25

71,749

70,954‌

Series

4107

Class

LW

–1.75%

8/15/27

3,920,433

3,699,172‌

Series

4281

Class

AG

–2.5%

12/15/28

28,967

28,612‌

Series

3003

Class

LD

–5%

12/15/34

358,477

359,994‌

Series

2952

Class

PA

–5%

2/15/35

115,501

113,977‌

Series

3620

Class

PA

–4.5%

12/15/39

257,430

251,057‌

Series

3842

Class

PH

–4%

4/15/41

368,472

357,381‌

a

Pass-Through

Securities

Pool#

G18296

–

4.5%

2/1/24

1,664

1,656‌

Pool#

G18306

–

4.5%

4/1/24

6,427

6,399‌

Pool#

G18308

–

4%

5/1/24

13,829

13,753‌

Pool#

J13949

–

3.5%

12/1/25

292,259

285,494‌

Pool#

E02804

–

3%

12/1/25

229,325

224,713‌

Pool#

J14649

–

3.5%

4/1/26

245,211

239,357‌

Pool#

E02948

–

3.5%

7/1/26

751,965

732,563‌

Pool#

J16663

–

3.5%

9/1/26

796,278

781,510‌

Pool#

E03033

–

3%

2/1/27

496,076

483,377‌

Pool#

ZS8692

–

2.5%

4/1/33

595,891

554,820‌

Pool#

G01818

–

5%

5/1/35

445,496

453,511‌

Pool#

SB8257

–

5.5%

9/1/38

6,945,300

7,046,140‌

15,704,440‌

23

a

a

a

$

Principal

Amount

$

Value

a

a

a

Federal

National

Mortgage

Association

Pass-Through

Securities

Pool#

930667

–

4.5%

3/1/24

2,904

2,888‌

Pool#

995693

–

4.5%

4/1/24

448

446‌

Pool#

MA0043

–

4%

4/1/24

13,337

13,241‌

Pool#

995692

–

4.5%

5/1/24

11,879

11,813‌

Pool#

931739

–

4%

8/1/24

6,772

6,703‌

Pool#

AE0031

–

5%

6/1/25

1,553

1,562‌

Pool#

AD7073

–

4%

6/1/25

42,444

41,925‌

Pool#

AL0471

–

5.5%

7/1/25

11,116

11,276‌

Pool#

310139

–

3.5%

11/1/25

386,617

380,055‌

Pool#

AB1769

–

3%

11/1/25

155,149

150,071‌

Pool#

AH3429

–

3.5%

1/1/26

905,031

889,406‌

Pool#

AB2251

–

3%

2/1/26

242,659

237,343‌

Pool#

AB3902

–

3%

11/1/26

227,996

222,065‌

Pool#

AB4482

–

3%

2/1/27

1,210,299

1,177,455‌

Pool#

AL1366

–

2.5%

2/1/27

460,752

445,266‌

Pool#

AB6291

–

3%

9/1/27

262,754

255,077‌

Pool#

MA3189

–

2.5%

11/1/27

433,081

417,321‌

Pool#

MA3791

–

2.5%

9/1/29

1,083,387

1,034,495‌

Pool#

BM5708

–

3%

12/1/29

739,494

717,080‌

Pool#

MA0587

–

4%

12/1/30

1,095,943

1,075,358‌

Pool#

BA4767

–

2.5%

1/1/31

570,280

539,656‌

Pool#

AS7701

–

2.5%

8/1/31

1,913,746

1,808,091‌

Pool#

555531

–

5.5%

6/1/33

898,512

925,589‌

Pool#

MA3540

–

3.5%

12/1/33

626,439

615,248‌

Pool#

725232

–

5%

3/1/34

82,573

83,936‌

Pool#

995112

–

5.5%

7/1/36

413,169

425,642‌

11,489,008‌

a

Government

National

Mortgage

Association

Pass-Through

Securities

Pool#

5255

–

3%

12/20/26

975,059

950,013‌

a

Non-Government

Agency

Collateralized

Mortgage

Obligations

Bunker

Hill

Loan

Depositary

Trust

(BHLD)

Series

2019-3A

Class

A1

–2.72%

11/25/59

(a)

(c)

447,039

435,551‌

Citigroup

Mortgage

Loan

Trust

(CMLTI)

Series

2014-A

Class

A

–4%

1/25/35

(a)

(c)

319,830

305,670‌

Flagstar

Mortgage

Trust

(FSMT)

Series

2017-1

Class

2A2

–3%

3/25/47

(a)

(c)

399,728

365,540‌

Series

2021-7

Class

B

–2.5%

8/25/51

(a)

(c)

4,998,688

4,366,334‌

Series

2021-10IN

Class

A6

–2.5%

10/25/51

(a)

(c)

4,617,261

4,031,956‌

GS

Mortgage-Backed

Securities

Trust

(GSMBS)

Series

2021-PJ9

Class

A8

–2.5%

2/26/52

(a)

(c)

3,145,789

2,742,818‌

Series

2022-PJ1

Class

AB

–2.5%

5/28/52

(a)

(c)

3,869,623

3,355,208‌

Series

2022-PJ2

Class

A24

–3%

6/25/52

(a)

(c)

2,482,548

2,209,271‌

Series

2020-NQM1

Class

A1

–1.38%

9/27/60

(a)

(c)

370,061

338,584‌

JPMorgan

Mortgage

Trust

(JPMMT)

Series

2014-2

Class

2A2

–3.5%

6/25/29

(a)

(c)

425,194

411,223‌

Series

2014-5

Class

B

–2.75%

10/25/29

(a)

(c)

1,167,178

1,117,507‌

Series

2016-3

Class

A

–2.97%

10/25/46

(a)

(c)

987,597

918,987‌

Series

2017-3

Class

A

–2.5%

8/25/47

(a)

(c)

2,173,252

1,882,600‌

Series

2018-6

Class

2A2

–3%

12/25/48

(a)

(c)

311,559

291,641‌

Series

2020-7

Class

A

–3%

1/25/51

(a)

(c)

70,569

68,974‌

Series

2020-8

Class

A

–3%

3/25/51

(a)

(c)

194,916

186,418‌

Series

2021-4

Class

A4

–2.5%

8/25/51

(a)

(c)

2,026,857

1,783,909‌

a

a

a

$

Principal

Amount

$

Value

a

a

Series

2021-6

Class

B

–2.5%

10/25/51

(a)

(c)

4,536,406

3,980,876‌

Series

2021-8

Class

B

–2.5%

12/25/51

(a)

(c)

1,472,908

1,291,039‌

Series

2022-2

Class

A4A

–2.5%

8/25/52

(a)

(c)

1,833,837

1,592,275‌

Series

2023-6

Class

A4A

–5.5%

12/26/53

(a)

(c)

2,977,516

2,953,804‌

JPMorgan

Wealth

Management

(JPMWM)

Series

2020-ATR1

Class

A

–3%

2/25/50

(a)

(c)

200,641

197,958‌

Rate

Mortgage

Trust

(RATE)

Series

2021-J3

Class

A7

–2.5%

10/25/51

(a)

(c)

4,172,170

3,624,721‌

RCKT

Mortgage

Trust

(RCKT)

Series

2021-3

Class

A5

–2.5%

7/25/51

(a)

(c)

5,246,148

4,601,063‌

Sequoia

Mortgage

Trust

(SEMT)

Series

2019-CH2

Class

A

–4.5%

8/25/49

(a)

(c)

136,082

133,669‌

Series

2020-3

Class

A

–3%

4/25/50

(a)

(c)

275,791

265,427‌

Series

2023-3

Class

A4

–6%

9/25/53

(a)

(c)

3,267,731

3,282,064‌

46,735,087‌

a

Total

Mortgage-Backed

Securities

(Cost

$80,930,315)

74,878,548‌

U.S.

Treasuries

-

26.7%

a

a

U.S.

Treasury

Notes

2%

5/31/24

13,000,000

12,827,094‌

3%

6/30/24

1,000,000

989,555‌

3.25%

8/31/24

13,000,000

12,846,545‌

2.13%

11/30/24

2,500,000

2,439,268‌

1.5%

11/30/24

17,000,000

16,489,402‌

2.75%

2/28/25

2,000,000

1,957,422‌

0.25%

8/31/25

20,000,000

18,673,828‌

3.5%

9/15/25

7,000,000

6,897,871‌

4.25%

10/15/25

12,000,000

11,979,141‌

4%

2/15/26

12,000,000

11,946,797‌

4.5%

7/15/26

22,000,000

22,208,398‌

1.88%

7/31/26

15,000,000

14,191,992‌

4.63%

9/15/26

12,000,000

12,168,516‌

1.63%

10/31/26

17,000,000

15,918,242‌

2.25%

2/15/27

2,000,000

1,898,945‌

1.13%

2/28/27

10,000,000

9,161,719‌

4.13%

9/30/27

10,000,000

10,064,453‌

1.13%

2/29/28

16,000,000

14,305,625‌

1.25%

3/31/28

7,000,000

6,278,262‌

4.38%

8/31/28

2,000,000

2,043,086‌

4.63%

9/30/28

4,000,000

4,129,375‌

4.63%

9/30/30

15,000,000

15,640,430‌

a

Total

U.S.

Treasuries

(Cost

$231,092,950)

225,055,966‌

Cash

Equivalents

-

3.8%

a

a

JPMorgan

U.S.

Government

Money

Market

Fund

-

Institutional

Class

5.21%

(Cost

$32,296,989)

(d)

32,296,989

32,296,989‌

Short-Term

Securities

Held

as

Collateral

for

Securities

on

Loan

-

0.1%

a

a

a

Goldman

Sachs

Financial

Square

Government

Fund

Institutional

Class

–

5.23%

(d)

1,006,409

1,006,409‌

24

Short

Duration

Income

Fund

(Continued)

Schedule

of

Investments

December

31,

2023

(Unaudited)

a

a

a

$

Principal

Amount

$

Value

a

a

Citibank

N.A.

DDCA

5.32%

111,823

111,823‌

a

Total

Short-Term

Securities

Held

as

Collateral

for

Securities

on

Loan

(Cost

$1,118,232)

1,118,232‌

Total

Investments

in

Securities

(Cost

$856,692,638)

839,577,669‌

Other

Assets

Less

Other

Liabilities

-  0.5%

3,980,838‌

Net

Assets

-

100%

843,558,507‌

Net

Asset

Value

Per

Share

-

Investor

Class

11.84

Net

Asset

Value

Per

Share

-

Institutional

Class

11.87

^

This

security

or

a

partial

position

of

this

security

was

on

loan

as

of

December

31,

2023.

The

total

value

of

securities

on

loan

as

of

December

31,

2023

was

$1,075,617.

(a)

Security

is

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933.

This

security

may

be

resold

in

transactions

that

are

exempt

from

registration,

normally

to

qualified

institutional

buyers.

(b)

Foreign

domiciled

entity.

(c)

The

interest

rate

resets

periodically

based

on

the

weighted

average

coupons

of

the

underlying

mortgage-related

or

asset-backed

obligations.

(d)

Rate

presented

represents

the

7

day

average

yield

at

December

31,

2023.

25

Ultra

Short

Government

Fund

Schedule

of

Investments

December

31,

2023

(Unaudited)

Asset-Backed

Securities

-

1.2%

a

a

a

$

Principal

Amount

$

Value

a

a

Automobile

ACM

Auto

Trust

(ACM)

Series

2023-1A

Class

A

–6.61%

1/22/30

(a)

48,049

48,023‌

ARI

Fleet

Lease

Trust

(ARIFL)

Series

2023-B

Class

A1

–5.92%

10/15/24

(a)

679,429

680,054‌

Avid

Automobile

Receivables

Trust

(AVID)

Series

2023-1

Class

A

–6.63%

7/15/26

(a)

81,031

80,987‌

CFMT

LLC

(CFMT)

Series

2021-AL1

Class

B

–1.39%

9/22/31

(a)

135,180

131,100‌

LAD

Auto

Receivables

Trust

(LADAR)

Series

2022-1A

Class

A

–5.21%

6/15/27

(a)

129,580

128,946‌

a

1,069,110‌

a

Consumer

&

Specialty

Finance

Affirm

Asset

Securitization

Trust

(AFFRM)

Series

2023-X1

Class

A

–7.11%

11/15/28

(a)

130,000

130,408‌

SoFi

Consumer

Loan

Program

Trust

(SOFI)

Series

2023-1S

Class

A

–5.81%

5/15/31

(a)

187,357

187,143‌

Upstart

Securitization

Trust

(UPST)

Series

2021-5

Class

A

–1.31%

11/20/31

(a)

112,662

111,872‌

a

429,423‌

a

Equipment

Dext

ABS

LLC

(DEXT)

Series

2023-2

Class

A1

–5.74%

11/15/24

(a)

567,047

567,101‌

Pawnee

Equipment

Receivables

Series

LLC

(PWNE)

Series

2022-1

Class

A2

–4.84%

2/15/28

(a)

93,407

93,292‌

660,393‌

a

Total

Asset-Backed

Securities

(Cost

$2,163,312)

2,158,926‌

U.S.

Treasuries

-

89.3%

a

a

U.S.

Treasury

Notes

2.25%

1/31/24

8,000,000

7,980,125‌

2.75%

2/15/24

9,000,000

8,971,676‌

2.5%

4/30/24

7,000,000

6,936,127‌

2.5%

5/15/24

12,000,000

11,883,028‌

2.5%

5/31/24

32,000,000

31,643,136‌

2%

5/31/24

11,000,000

10,853,695‌

3%

7/31/24

25,000,000

24,705,775‌

3.25%

8/31/24

27,000,000

26,681,287‌

4.25%

9/30/24

28,000,000

27,857,726‌

4.38%

10/31/24

8,000,000

7,966,257‌

a

Total

U.S.

Treasuries

(Cost

$165,247,790)

165,478,832‌

Cash

Equivalents

-

8.7%

a

a

U.S.

Treasury

Bill

5.08%,

5/30/24

(b)

10,000,000

9,791,265‌

JPMorgan

U.S.

Government

Money

Market

Fund

-

Institutional

Class

5.21%

(c)

6,266,148

6,266,148‌

a

Total

Cash

Equivalents

(Cost

$16,055,265)

16,057,413‌

Total

Investments

in

Securities

(Cost

$183,466,367)

183,695,171‌

a

a

$

Principal

Amount

$

Value

a

a

Other

Assets

Less

Other

Liabilities

-  0.8%

1,543,016‌

Net

Assets

-

100%

185,238,187‌

Net

Asset

Value

Per

Share

-

Institutional

Class

10.00

(a)

Security

is

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933.

This

security

may

be

resold

in

transactions

that

are

exempt

from

registration,

normally

to

qualified

institutional

buyers.

(b)

Interest

rates

presented

represent

the

effective

yield

at

December

31,

2023.

(c)

Rate

presented

represents

the

7

day

average

yield

at

December

31,

2023.

26

NOTES

TO

SCHEDULES

OF

INVESTMENTS

December

31,

2023

(Unaudited)

(1)

Disclaimer

The

schedule

of

portfolio

holdings

are

unaudited

and

are

presented

for

informational

purposes

only.

Portfolio

composition

is

subject

to

change

at

any

time

and

references

to

specific

securities,

industries,

and

sectors

are

not

recommendations

to

purchase

or

sell

any

particular

security.

Current

and

future

portfolio

holdings

are

subject

to

risk.

(2)

Affiliated

Issuers

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

are

those

in

which

a

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

the

issuer.

A

summary

of

each

Fund's

holdings

in

the

securities

of

such

issuers

is

set

forth

below:

(3)

Additional

Information

The

Funds’

annual

and

semi-annual

reports

contain

further

information,

including

the

Funds’

significant

accounting

policies,

pricing

and

fair

valuation

information

and

risks.

These

reports

are

available

on

the

Funds’

website

at

weitzinvestments.com.

Partners

Ill

Opportunity

Fund

Value

3/31/202

3

Purchases

at

Cost

Proceeds

from

Sales

Net

Realized

Gain(Loss)

Net

Change

in

Unrealized

Appreciation/Depreciation

Value

12

/3

1

/2023

Shares

as

of

12

/3

1

/2023

Dividend

Income

Capital

Gains

Distributions

CoreCard

Corp.

$

15,215,650

$230,695

$

(130,767

)

$

127,267

$

(

8

,3

89

,5

45

)

$

7

,0

53

,

3

00

510,000

$

—

$—