
Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS — 34.6%
Communication Services — 0.6%
Charter Communications Operating LLC
6.150%, 11/10/2026	$	1,260	$	1,284

Consumer Discretionary — 3.2%
AutoZone
5.050%, 07/15/2026		450		453
Ford Motor Credit LLC MTN
4.389%, 01/08/2026		1,220		1,207
General Motors
6.125%, 10/01/2025		701		704
Home Depot
4.718%, SOFRRATE + 0.330%, 12/24/2025 (A)		1,045		1,044
Hyundai Capital America
6.250%, 11/03/2025 (B)		250		252
5.450%, 06/24/2026 (B)		275		277
5.250%, 01/08/2027 (B)		1,250		1,259
O'Reilly Automotive
5.750%, 11/20/2026		210		214
Sodexo
1.634%, 04/16/2026 (B)		500		485
Volkswagen Group of America Finance LLC
1.250%, 11/24/2025 (B)		330		323

				6,218

Consumer Staples — 1.3%
BAT Capital
3.215%, 09/06/2026		760		748
Element Fleet Management
5.643%, 03/13/2027 (B)		290		295
Mars
4.450%, 03/01/2027 (B)		1,465		1,474

				2,517

Energy — 0.7%
Columbia Pipelines Holding LLC
6.055%, 08/15/2026 (B)		55		56
ONEOK
5.550%, 11/01/2026		450		455
Ovintiv
5.650%, 05/15/2025		400		400
Williams
5.400%, 03/02/2026		485		488

				1,399

Financials — 20.2%
ABN AMRO Bank
6.339%, H15T1Y + 1.650%, 09/18/2027 (A)(B)		300		307
American Express
4.990%, SOFRRATE + 0.999%, 05/01/2026 (A)		275		275


Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
3.950%, 08/01/2025	$	325	$	324
Ares Capital
7.000%, 01/15/2027		250		257
Athene Global Funding
5.684%, 02/23/2026 (B)		170		171
5.349%, 07/09/2027 (B)		270		275
Bank of America
5.650%, 08/18/2025		325		326
5.080%, SOFRRATE + 1.290%, 01/20/2027 (A)		275		276
Bank of Montreal MTN
5.004%, SOFRINDX + 0.620%, 09/15/2026 (A)		675		674
Bank of New York Mellon
4.587%, SOFRRATE + 0.693%, 04/20/2027 (A)		1,090		1,094
Bank of Nova Scotia
1.300%, 06/11/2025		425		423
Banque Federative du Credit Mutuel
4.935%, 01/26/2026 (B)		350		351
4.524%, 07/13/2025 (B)		250		250
Barclays PLC
7.325%, H15T1Y + 3.050%, 11/02/2026 (A)		1,005		1,016
2.852%, SOFRRATE + 2.714%, 05/07/2026 (A)		235		235
BPCE
5.203%, 01/18/2027 (B)		300		304
Canadian Imperial Bank of Commerce
5.237%, 06/28/2027		240		244
Capital One Financial
4.985%, SOFRRATE + 2.160%, 07/24/2026 (A)		250		250
Citigroup
5.610%, SOFRRATE + 1.546%, 09/29/2026 (A)		1,270		1,274
Commonwealth Bank of Australia
4.904%, SOFRRATE + 0.520%, 06/15/2026 (A)(B)		425		425
Cooperatieve Rabobank UA
1.106%, H15T1Y + 0.550%, 02/24/2027 (A)(B)		1,250		1,214
Cooperatieve Rabobank UA MTN
5.500%, 07/18/2025		250		251
Corebridge Global Funding
5.750%, 07/02/2026 (B)		180		183
Credit Agricole
5.589%, 07/05/2026 (B)		420		426
1.247%, SOFRRATE + 0.892%, 01/26/2027 (A)(B)		1,070		1,042
Danske Bank MTN
6.259%, H15T1Y + 1.180%, 09/22/2026 (A)(B)		305		307


Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Deutsche Bank NY
5.587%, SOFRRATE + 1.219%, 11/16/2027 (A)	$	550	$	547
Equitable Financial Life Global Funding
5.500%, 12/02/2025 (B)		300		302
Goldman Sachs Bank USA NY
5.414%, SOFRRATE + 0.750%, 05/21/2027 (A)		325		328
Goldman Sachs Group
5.798%, SOFRRATE + 1.075%, 08/10/2026 (A)		1,320		1,323
HSBC Holdings PLC
7.336%, SOFRRATE + 3.030%, 11/03/2026 (A)		300		304
5.887%, SOFRRATE + 1.570%, 08/14/2027 (A)		1,240		1,259
JPMorgan Chase
1.470%, SOFRRATE + 0.765%, 09/22/2027 (A)		1,560		1,497
Lloyds Banking Group PLC
5.462%, H15T1Y + 1.375%, 01/05/2028 (A)		200		202
1.627%, H15T1Y + 0.850%, 05/11/2027 (A)		1,335		1,294
Manufacturers & Traders Trust
5.400%, 11/21/2025		300		301
4.650%, 01/27/2026		460		460
Morgan Stanley
5.050%, SOFRRATE + 1.295%, 01/28/2027 (A)		275		276
Morgan Stanley MTN
1.512%, SOFRRATE + 0.858%, 07/20/2027 (A)		1,545		1,492
Morgan Stanley Bank
5.479%, 07/16/2025		375		375
4.754%, 04/21/2026		250		251
Nationwide Building Society
6.557%, SOFRRATE + 1.910%, 10/18/2027 (A)(B)		250		257
Pacific Life Global Funding II
5.500%, 08/28/2026 (B)		250		254
PNC Financial Services Group
6.615%, SOFRINDX + 1.730%, 10/20/2027 (A)		175		180
5.812%, SOFRRATE + 1.322%, 06/12/2026 (A)		200		200
5.300%, SOFRRATE + 1.342%, 01/21/2028 (A)		90		92
5.102%, SOFRRATE + 0.796%, 07/23/2027 (A)		975		980
Principal Life Global Funding II
5.000%, 01/16/2027 (B)		235		238
3.000%, 04/18/2026 (B)		500		493


Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Royal Bank of Canada
4.784%, 12/12/2025 (B)	$	1,030	$	1,033
Royal Bank of Canada MTN
5.069%, SOFRRATE + 0.790%, 07/23/2027 (A)		1,220		1,230
1.150%, 06/10/2025		525		523
Santander UK Group Holdings PLC
1.673%, SOFRRATE + 0.989%, 06/14/2027 (A)		1,075		1,038
Societe Generale
4.351%, 06/13/2025 (B)		500		500
1.488%, H15T1Y + 1.100%, 12/14/2026 (A)(B)		1,360		1,331
Standard Chartered PLC
6.170%, H15T1Y + 2.050%, 01/09/2027 (A)(B)		350		353
State Street
5.048%, SOFRRATE + 0.640%, 10/22/2027 (A)		355		354
Toronto-Dominion Bank MTN
5.532%, 07/17/2026		1,450		1,470
4.970%, SOFRRATE + 0.590%, 09/10/2026 (A)		425		424
Truist Financial MTN
4.260%, SOFRRATE + 1.456%, 07/28/2026 (A)		860		858
UBS
4.864%, SOFRRATE + 0.720%, 01/10/2028 (A)		300		302
1.250%, 06/01/2026		500		485
UBS Group
1.305%, SOFRINDX + 0.980%, 02/02/2027 (A)(B)		1,365		1,330
US Bank
4.507%, SOFRRATE + 0.690%, 10/22/2027 (A)		1,275		1,276
Wells Fargo MTN
3.196%, TSFR3M + 1.432%, 06/17/2027 (A)		1,495		1,474
Wells Fargo Bank
5.550%, 08/01/2025		325		326
4.811%, 01/15/2026		350		351

				39,737

Health Care — 2.3%
Bayer US Finance LLC
6.125%, 11/21/2026 (B)		200		204
Bon Secours Mercy Health
3.382%, 11/01/2025		290		288
CVS Health
5.000%, 02/20/2026		275		276
HCA
5.248%, SOFRRATE + 0.870%, 03/01/2028 (A)		745		743


Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Illumina
5.800%, 12/12/2025	$	300	$	302
PeaceHealth Obligated Group
1.375%, 11/15/2025		800		785
Royalty Pharma PLC
1.200%, 09/02/2025		1,240		1,224
RWJ Barnabas Health
2.954%, 07/01/2026		235		231
Solventum
5.450%, 02/25/2027		225		228
Stryker
4.550%, 02/10/2027		300		302

				4,583

Industrials — 2.0%
AerCap Ireland Capital DAC
6.100%, 01/15/2027		250		255
1.750%, 01/30/2026		1,355		1,325
Air Lease
2.200%, 01/15/2027		1,080		1,038
Air Lease MTN
2.875%, 01/15/2026		500		493
Caterpillar Financial Services
4.500%, 01/07/2027		300		302
John Deere Capital
4.500%, 01/08/2027		300		303
Penske Truck Leasing LP
5.750%, 05/24/2026 (B)		250		253

				3,969

Information Technology — 1.0%
Broadcom
3.459%, 09/15/2026		1,005		992
Oracle
1.650%, 03/25/2026		1,090		1,062

				2,054

Materials — 0.2%
International Flavors & Fragrances
1.230%, 10/01/2025 (B)		375		368



Utilities — 3.1%
Alliant Energy Finance LLC
5.400%, 06/06/2027 (B)		260		263
American Electric Power
5.699%, 08/15/2025		350		351
Consumers 2023 Securitization Funding LLC
5.550%, 03/01/2028		136		138
Duke Energy
5.000%, 12/08/2025		500		502
Georgia Power
4.666%, SOFRINDX + 0.280%, 09/15/2026 (A)		500		498


Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
NextEra Energy Capital Holdings
5.749%, 09/01/2025	$	225	$	225
5.214%, SOFRINDX + 0.800%, 02/04/2028 (A)		1,210		1,211
NYSEG Storm Funding LLC
4.713%, 05/01/2029		415		418
Pacific Gas and Electric
5.329%, SOFRINDX + 0.950%, 09/04/2025 (A)		995		994
Southern California Edison
5.350%, 03/01/2026		1,065		1,070
Spire
5.300%, 03/01/2026		400		402

				6,072

Total Corporate Obligations
(Cost $67,967) ($ Thousands)				68,201
ASSET-BACKED SECURITIES — 29.4%
Automotive — 18.6%
Ally Auto Receivables Trust, Ser 2023-1, Cl A3
5.460%, 05/15/2028		387		390
Ally Bank Auto Credit-Linked Notes Series, Ser 2024-A, Cl B
5.827%, 05/17/2032 (B)		552		559
American Heritage Auto Receivables Trust, Ser 2024-1A, Cl A2
4.830%, 03/15/2028 (B)		100		100
AmeriCredit Automobile Receivables Trust, Ser 2020-3, Cl D
1.490%, 09/18/2026		476		476
AmeriCredit Automobile Receivables Trust, Ser 2021-2, Cl C
1.010%, 01/19/2027		356		351
ARI Fleet Lease Trust, Ser 2023-A, Cl A3
5.330%, 02/17/2032 (B)		1,220		1,232
ARI Fleet Lease Trust, Ser 2023-B, Cl A2
6.050%, 07/15/2032 (B)		67		67
ARI Fleet Lease Trust, Ser 2024-A, Cl A2
5.300%, 11/15/2032 (B)		103		104
ARI Fleet Lease Trust, Ser 2024-B, Cl A2
5.540%, 04/15/2033 (B)		884		889
ARI Fleet Lease Trust, Ser 2025-A, Cl A2
4.380%, 01/17/2034 (B)		100		100
Avis Budget Rental Car Funding AESOP LLC, Ser 2020-2A, Cl A
2.020%, 02/20/2027 (B)		1,050		1,033
Avis Budget Rental Car Funding AESOP LLC, Ser 2020-2A, Cl B
2.960%, 02/20/2027 (B)		150		148


Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Bank of America Auto Trust, Ser 2023-2A, Cl A2
5.850%, 08/17/2026 (B)	$	111	$	111
Bayview Opportunity Master Fund VII Trust, Ser 2024-CAR1F, Cl A
6.971%, 07/29/2032 (B)		250		250
BMW Vehicle Lease Trust, Ser 2023-2, Cl A3
5.990%, 09/25/2026		295		296
BMW Vehicle Lease Trust, Ser 2024-1, Cl A4
5.000%, 06/25/2027		250		252
BMW Vehicle Lease Trust, Ser 2024-2, Cl A2A
4.290%, 01/25/2027		456		455
BMW Vehicle Owner Trust, Ser 2022-A, Cl A3
3.210%, 08/25/2026		322		321
BMW Vehicle Owner Trust, Ser 2023-A, Cl A3
5.470%, 02/25/2028		444		447
Bridgecrest Lending Auto Securitization Trust, Ser 2024-4, Cl A3
4.720%, 09/15/2028		730		731
CarMax Auto Owner Trust, Ser 2022-1, Cl A3
1.470%, 12/15/2026		323		321
Carmax Auto Owner Trust, Ser 2022-4, Cl A3
5.340%, 08/16/2027		392		393
CarMax Auto Owner Trust, Ser 2023-1, Cl A3
4.750%, 10/15/2027		587		587
CarMax Auto Owner Trust, Ser 2023-3, Cl A2A
5.720%, 11/16/2026		24		24
CarMax Auto Owner Trust, Ser 2024-1, Cl A2A
5.300%, 03/15/2027		200		201
CarMax Auto Owner Trust, Ser 2024-2, Cl A2A
5.650%, 05/17/2027		113		113
CarMax Auto Owner Trust, Ser 2024-3, Cl A3
4.890%, 07/16/2029		145		146
Carmax Auto Owner Trust, Ser 2025-2, Cl A1
4.468%, 05/15/2026		90		90
Carvana Auto Receivables Trust, Ser 2021-N1, Cl A
0.700%, 01/10/2028		146		143
Carvana Auto Receivables Trust, Ser 2021-N2, Cl B
0.750%, 03/10/2028		28		27
Carvana Auto Receivables Trust, Ser 2021-N3, Cl B
0.660%, 06/12/2028		71		68
Carvana Auto Receivables Trust, Ser 2022-N1, Cl A2
3.210%, 12/11/2028 (B)		90		89


Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Carvana Auto Receivables Trust, Ser 2023-N3, Cl A
6.410%, 09/10/2027 (B)	$	43	$	43
Carvana Auto Receivables Trust, Ser 2023-P5, Cl A2
5.770%, 04/12/2027 (B)		21		21
Carvana Auto Receivables Trust, Ser 2024-N1, Cl A2
5.760%, 04/12/2027 (B)		61		61
Carvana Auto Receivables Trust, Ser 2024-P1, Cl A2
5.500%, 08/10/2027 (B)		42		42
Carvana Auto Receivables Trust, Ser 2025-N1, Cl A1
4.636%, 03/10/2026 (B)		207		207
CFMT LLC, Ser 2021-AL1, Cl B
1.390%, 09/22/2031 (B)		56		55
Chase Auto Owner Trust, Ser 2024-3A, Cl A2
5.530%, 09/27/2027 (B)		355		356
Chesapeake Funding II LLC, Ser 2023-1A, Cl A1
5.650%, 05/15/2035 (B)		184		186
Citizens Auto Receivables Trust, Ser 2023-2, Cl A2A
6.090%, 10/15/2026 (B)		34		34
Citizens Auto Receivables Trust, Ser 2024-1, Cl A2A
5.430%, 10/15/2026 (B)		91		91
CPS Auto Receivables Trust, Ser 2023-B, Cl A
5.910%, 08/16/2027 (B)		17		17
CPS Auto Receivables Trust, Ser 2023-D, Cl A
6.400%, 06/15/2027 (B)		22		22
CPS Auto Receivables Trust, Ser 2024-A, Cl A
5.710%, 09/15/2027 (B)		26		26
Credit Acceptance Auto Loan Trust, Ser 2023-3A, Cl A
6.390%, 08/15/2033 (B)		550		557
DT Auto Owner Trust, Ser 2023-3A, Cl A
6.290%, 08/16/2027 (B)		30		30
Enterprise Fleet Financing LLC, Ser 2022-2, Cl A2
4.650%, 05/21/2029 (B)		46		46
Enterprise Fleet Financing LLC, Ser 2022-3, Cl A2
4.380%, 07/20/2029 (B)		22		22
Enterprise Fleet Financing LLC, Ser 2022-4, Cl A2
5.760%, 10/22/2029 (B)		98		99
Enterprise Fleet Financing LLC, Ser 2023-1, Cl A2
5.510%, 01/22/2029 (B)		81		81


Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Enterprise Fleet Financing LLC, Ser 2023-2, Cl A2
5.560%, 04/22/2030 (B)	$	216	$	218
Enterprise Fleet Financing LLC, Ser 2023-3, Cl A2
6.400%, 03/20/2030 (B)		622		632
Enterprise Fleet Financing LLC, Ser 2024-1, Cl A2
5.230%, 03/20/2030 (B)		192		194
Enterprise Fleet Financing LLC, Ser 2024-2, Cl A2
5.740%, 12/20/2026 (B)		149		150
Enterprise Fleet Financing LLC, Ser 2024-4, Cl A1
4.724%, 10/21/2025 (B)		138		138
Enterprise Fleet Financing LLC, Ser 2024-4, Cl A2
4.690%, 07/20/2027 (B)		970		972
Enterprise Fleet Financing LLC, Ser 2025-2, Cl A1
4.555%, 05/20/2026 (B)		205		205
FHF Trust, Ser 2021-2A, Cl A
0.830%, 12/15/2026 (B)		3		3
FHF Trust, Ser 2022-1A, Cl A
4.430%, 01/18/2028 (B)		61		61
Fifth Third Auto Trust, Ser 2023-1, Cl A2A
5.800%, 11/16/2026		21		21
First Investors Auto Owner Trust, Ser 2023-1A, Cl A
6.440%, 10/16/2028 (B)		201		203
Flagship Credit Auto Trust, Ser 2023-2, Cl A2
5.760%, 04/15/2027 (B)		7		7
Flagship Credit Auto Trust, Ser 2023-3, Cl A2
5.890%, 07/15/2027 (B)		49		49
Ford Credit Auto Lease Trust, Ser 2024-A, Cl A2A
5.240%, 07/15/2026		67		67
Ford Credit Auto Lease Trust, Ser 2024-A, Cl A3
5.060%, 05/15/2027		300		301
Ford Credit Auto Owner Trust, Ser 2023-A, Cl A3
4.650%, 02/15/2028		175		175
Ford Credit Auto Owner Trust, Ser 2024-C, Cl A2A
4.320%, 08/15/2027		385		384
Ford Credit Auto Owner Trust, Ser 2024-D, Cl A1
4.604%, 12/15/2025		149		149
Ford Credit Auto Owner Trust, Ser 2025-A, Cl A2A
4.470%, 12/15/2027		470		470


Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Foursight Capital Automobile Receivables Trust, Ser 2023-2, Cl A2
5.990%, 05/15/2028 (B)	$	117	$	118
GECU Auto Receivables Trust, Ser 2023-1A, Cl A2
5.950%, 03/15/2027 (B)		163		163
GLS Auto Receivables Issuer Trust, Ser 2024-1A, Cl A3
5.400%, 09/15/2027 (B)		930		931
GLS Auto Select Receivables Trust, Ser 2023-2A, Cl A2
6.370%, 06/15/2028 (B)		124		125
GM Financial Automobile Leasing Trust, Ser 2023-3, Cl A3
5.380%, 11/20/2026		385		385
GM Financial Automobile Leasing Trust, Ser 2025-1, Cl A1
4.408%, 02/20/2026		206		205
GM Financial Consumer Automobile Receivables Trust, Ser 2021-4, Cl A4
0.990%, 10/18/2027		525		516
GM Financial Consumer Automobile Receivables Trust, Ser 2023-1, Cl A3
4.660%, 02/16/2028		397		397
GM Financial Consumer Automobile Receivables Trust, Ser 2023-3, Cl A2A
5.740%, 09/16/2026		10		10
GMF Floorplan Owner Revolving Trust Series, Ser 2025-1A, Cl A1
4.590%, 03/15/2029 (B)		495		497
GMF Floorplan Owner Revolving Trust, Ser 2023-1, Cl A1
5.340%, 06/15/2028 (B)		800		808
Hertz Vehicle Financing III LLC, Ser 2023-1A, Cl A
5.490%, 06/25/2027 (B)		980		987
Honda Auto Receivables Owner Trust, Ser 2023-2, Cl A2
5.410%, 04/15/2026		7		7
Honda Auto Receivables Owner Trust, Ser 2023-3, Cl A3
5.410%, 02/18/2028		495		499
Honda Auto Receivables Owner Trust, Ser 2024-4, Cl A2
4.560%, 03/15/2027		450		450
Honda Auto Receivables Owner Trust, Ser 2025-2, Cl A2A
4.300%, 01/18/2028		140		140
Huntington Auto Trust, Ser 2024-1A, Cl A2
5.500%, 03/15/2027 (B)		277		278
Hyundai Auto Lease Securitization Trust, Ser 2023-C, Cl A2A
5.850%, 03/16/2026 (B)		62		62


Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Hyundai Auto Lease Securitization Trust, Ser 2024-A, Cl A3
5.020%, 03/15/2027 (B)	$	500	$	502
Hyundai Auto Lease Securitization Trust, Ser 2025-A, Cl A3
4.830%, 01/18/2028 (B)		370		374
Hyundai Auto Lease Securitization Trust, Ser 2025-B, Cl A2A
4.580%, 09/15/2027 (B)		130		130
Hyundai Auto Receivables Trust, Ser 2025-A, Cl A3
4.320%, 10/15/2029		305		306
LAD Auto Receivables Trust, Ser 2022-1A, Cl A
5.210%, 06/15/2027 (B)		26		26
LAD Auto Receivables Trust, Ser 2024-1A, Cl A2
5.440%, 11/16/2026 (B)		10		10
LAD Auto Receivables Trust, Ser 2024-2A, Cl A2
5.700%, 03/15/2027 (B)		265		266
LAD Auto Receivables Trust, Ser 2024-3A, Cl A2
4.640%, 11/15/2027 (B)		275		274
Lendbuzz Securitization Trust, Ser 2023-3A, Cl A2
7.500%, 12/15/2028 (B)		177		182
M&T Bank Auto Receivables Trust, Ser 2025-1A, Cl A2A
4.630%, 05/15/2028 (B)		100		100
Mercedes-Benz Auto Lease Trust, Ser 2023-A, Cl A3
4.740%, 01/15/2027		610		610
Mercedes-Benz Auto Lease Trust, Ser 2024-B, Cl A2A
4.570%, 12/15/2026		88		88
Nissan Auto Lease Trust, Ser 2024-A, Cl A2A
5.110%, 10/15/2026		284		284
OCCU Auto Receivables Trust, Ser 2023-1A, Cl A2
6.230%, 04/15/2027 (B)		99		99
Octane Receivables Trust, Ser 2023-3A, Cl A2
6.440%, 03/20/2029 (B)		524		529
OneMain Direct Auto Receivables Trust, Ser 2019-1A, Cl A
3.630%, 09/14/2027 (B)		75		74
Porsche Financial Auto Securitization Trust, Ser 2023-2A, Cl A3
5.790%, 01/22/2029 (B)		446		448
Prestige Auto Receivables Trust, Ser 2023-1A, Cl B
5.550%, 04/15/2027 (B)		559		560


Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Prestige Auto Receivables Trust, Ser 2025-1A, Cl A1
4.668%, 04/15/2026 (B)	$	445	$	445
Santander Bank Auto Credit-Linked Notes, Ser 2022-C, Cl B
6.451%, 12/15/2032 (B)		28		28
Santander Bank Auto Credit-Linked Notes, Ser 2023-A, Cl B
6.493%, 06/15/2033 (B)		169		170
Santander Drive Auto Receivables Trust, Ser 2022-2, Cl C
3.760%, 07/16/2029		585		580
Santander Drive Auto Receivables Trust, Ser 2022-4, Cl B
4.420%, 11/15/2027		403		403
Santander Drive Auto Receivables Trust, Ser 2024-1, Cl A2
5.710%, 02/16/2027		6		6
Santander Drive Auto Receivables Trust, Ser 2024-2, Cl A2
5.800%, 09/15/2027		88		88
SBNA Auto Lease Trust, Ser 2023-A, Cl A2
6.270%, 04/20/2026 (B)		9		9
SBNA Auto Lease Trust, Ser 2024-A, Cl A3
5.390%, 11/20/2026 (B)		545		546
SBNA Auto Lease Trust, Ser 2024-C, Cl A2
4.940%, 11/20/2026 (B)		45		45
Securitized Term Auto Receivables Trust, Ser 2025-A, Cl B
5.038%, 07/25/2031 (B)		257		259
Securitized Term Auto Receivables Trust, Ser 2025-A, Cl C
5.185%, 07/25/2031 (B)		231		232
SFS Auto Receivables Securitization Trust, Ser 2023-1A, Cl A2A
5.890%, 03/22/2027 (B)		4		4
SFS Auto Receivables Securitization Trust, Ser 2024-1A, Cl A2
5.350%, 06/21/2027 (B)		38		38
SFS Auto Receivables Securitization Trust, Ser 2024-3A, Cl A2
4.710%, 05/22/2028 (B)		622		622
Tesla Electric Vehicle Trust, Ser 2023-1, Cl A2A
5.540%, 12/21/2026 (B)		199		199
Toyota Auto Receivables Owner Trust, Ser 2023-C, Cl A2A
5.600%, 08/17/2026		102		102
Toyota Auto Receivables Owner Trust, Ser 2025-B, Cl A2A
4.460%, 03/15/2028		195		195
Toyota Lease Owner Trust, Ser 2024-B, Cl A2A
4.310%, 02/22/2027 (B)		174		174


Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Toyota Lease Owner Trust, Ser 2024-B, Cl A3
4.210%, 09/20/2027 (B)	$	305	$	305
Volkswagen Auto Loan Enhanced Trust, Ser 2024-1, Cl A1
4.622%, 11/20/2025		50		50
Westlake Automobile Receivables Trust, Ser 2023-2A, Cl A3
5.800%, 02/16/2027 (B)		197		197
Westlake Automobile Receivables Trust, Ser 2023-4A, Cl A2
6.230%, 01/15/2027 (B)		131		131
Westlake Automobile Receivables Trust, Ser 2023-4A, Cl A3
6.240%, 07/15/2027 (B)		480		484
Westlake Automobile Receivables Trust, Ser 2023-P1, Cl A2
5.890%, 02/16/2027 (B)		334		335
Westlake Flooring Master Trust, Ser 2024-1A, Cl A
5.430%, 02/15/2028 (B)		45		45
Westlake Flooring Master Trust, Ser 2024-1A, Cl B
6.070%, 02/15/2028 (B)		830		837
Wheels Fleet Lease Funding 1 LLC, Ser 2023-1A, Cl A
5.800%, 04/18/2038 (B)		313		315
Wheels Fleet Lease Funding 1 LLC, Ser 2023-2A, Cl A
6.460%, 08/18/2038 (B)		285		289
Wheels Fleet Lease Funding 1 LLC, Ser 2025-1A, Cl A1
4.570%, 01/18/2040 (B)		360		361
World Omni Auto Receivables Trust, Ser 2021-C, Cl A3
0.440%, 08/17/2026		1		1
World Omni Auto Receivables Trust, Ser 2022-A, Cl A4
1.900%, 03/15/2028		500		490
World Omni Auto Receivables Trust, Ser 2022-D, Cl A3
5.610%, 02/15/2028		290		291
World Omni Automobile Lease Securitization Trust, Ser 2025-A, Cl A3
4.420%, 04/17/2028		125		125
				36,750

Credit Card — 2.0%

American Express Credit Account Master Trust, Ser 2023-1, Cl A
4.870%, 05/15/2028		100		101
Barclays Dryrock Issuance Trust, Ser 2023-1, Cl A
4.720%, 02/15/2029		745		748


Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
CARDS II Trust, Ser 2024-1A, Cl A
5.037%, SOFRRATE + 0.680%, 07/15/2029 (A)(B)	$	410	$	410
Evergreen Credit Card Trust, Ser 2025-CRT5, Cl B
5.240%, 05/15/2029 (B)		355		360
Golden Credit Card Trust, Ser 2021-1A, Cl A
1.140%, 08/15/2028 (B)		1,595		1,531
Trillium Credit Card Trust II, Ser 2023-3A, Cl A
5.226%, SOFRRATE + 0.850%, 08/26/2028 (A)(B)		725		726
				3,876

Miscellaneous Business Services — 8.8%

Affirm Asset Securitization Trust, Ser 2021-Z2, Cl A
1.170%, 11/16/2026 (B)		2		2
Affirm Asset Securitization Trust, Ser 2024-A, Cl A
5.610%, 02/15/2029 (B)		115		116
AGL CLO 14, Ser 2025-14A, Cl AR
5.400%, TSFR3M + 1.130%, 12/02/2034 (A)(B)		500		498
Amur Equipment Finance Receivables XI LLC, Ser 2022-2A, Cl A2
5.300%, 06/21/2028 (B)		51		51
Amur Equipment Finance Receivables XIII LLC, Ser 2024-1A, Cl A2
5.380%, 01/21/2031 (B)		485		490
Apidos CLO XII, Ser 2024-12A, Cl ARR
5.336%, TSFR3M + 1.080%, 04/15/2031 (A)(B)		337		336
Apidos CLO XV, Ser 2018-15A, Cl A1RR
5.541%, TSFR3M + 1.272%, 04/20/2031 (A)(B)		144		144
Apidos CLO XXIII, Ser 2025-23A, Cl ARR
5.306%, TSFR3M + 1.050%, 04/15/2033 (A)(B)		500		499
Apidos CLO XXIV, Ser 2021-24A, Cl A1AL
5.481%, TSFR3M + 1.212%, 10/20/2030 (A)(B)		182		182
Aqua Finance Trust, Ser 2021-A, Cl A
1.540%, 07/17/2046 (B)		81		75
Auxilior Term Funding LLC, Ser 2023-1A, Cl A2
6.180%, 12/15/2028 (B)		109		110
Bain Capital Credit CLO, Ser 2025-1A, Cl A1
5.457%, TSFR3M + 1.160%, 04/23/2038 (A)(B)		1,000		993
Carbone CLO, Ser 2017-1A, Cl A1
5.671%, TSFR3M + 1.402%, 01/20/2031 (A)(B)		95		95


Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Carlyle Global Market Strategies CLO, Ser 2018-1A, Cl A1R2
5.511%, TSFR3M + 1.232%, 04/17/2031 (A)(B)	$	150	$	150
Carlyle Global Market Strategies CLO, Ser 2021-1A, Cl AR3
5.511%, TSFR3M + 1.242%, 07/20/2031 (A)(B)		144		144
CCG Receivables Trust, Ser 2023-1, Cl A2
5.820%, 09/16/2030 (B)		128		129
CCG Receivables Trust, Ser 2025-1, Cl A2
4.480%, 10/14/2032 (B)		100		100
CIFC Funding, Ser 2017-1A, Cl ARR
5.644%, TSFR3M + 1.372%, 01/22/2031 (A)(B)		127		127
CNH Equipment Trust, Ser 2022-C, Cl A3
5.150%, 04/17/2028		329		331
CNH Equipment Trust, Ser 2024-C, Cl A2A
4.300%, 02/18/2028		415		414
CNH Equipment Trust, Ser 2025-A, Cl A2A
4.300%, 08/15/2028		310		310
Dell Equipment Finance Trust, Ser 2023-3, Cl A2
6.100%, 04/23/2029 (B)		18		19
Dewolf Park CLO, Ser 2021-1A, Cl AR
5.438%, TSFR3M + 1.182%, 10/15/2030 (A)(B)		228		228
Dext ABS LLC, Ser 2023-2, Cl A2
6.560%, 05/15/2034 (B)		212		214
DLLAA LLC, Ser 2023-1A, Cl A2
5.930%, 07/20/2026 (B)		37		37
DLLAD LLC, Ser 2021-1A, Cl A3
0.640%, 09/21/2026 (B)		39		39
DLLST LLC, Ser 2024-1A, Cl A2
5.330%, 01/20/2026 (B)		46		46
FirstKey Homes Trust, Ser 2020-SFR2, Cl A
1.266%, 10/19/2037 (B)		426		418
GreatAmerica Leasing Receivables Funding LLC, Ser 2023-1, Cl A2
5.350%, 02/16/2026 (B)		141		141
GreatAmerica Leasing Receivables Funding LLC, Ser 2024-1, Cl A2
5.320%, 08/17/2026 (B)		542		543
Hilton Grand Vacations Trust, Ser 2020-AA, Cl A
2.740%, 02/25/2039 (B)		41		40
HPEFS Equipment Trust, Ser 2023-2A, Cl A2
6.040%, 01/21/2031 (B)		57		57
HPEFS Equipment Trust, Ser 2024-1A, Cl A3
5.180%, 05/20/2031 (B)		740		741
John Deere Owner Trust, Ser 2023-C, Cl A2
5.760%, 08/17/2026		101		102
John Deere Owner Trust, Ser 2024-C, Cl A2A
4.360%, 08/16/2027		160		160


Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
KKR CLO, Ser 2017-11, Cl AR
5.698%, TSFR3M + 1.442%, 01/15/2031 (A)(B)	$	93	$	93
KKR CLO, Ser 2018-21, Cl A
5.518%, TSFR3M + 1.262%, 04/15/2031 (A)(B)		159		159
Kubota Credit Owner Trust, Ser 2023-2A, Cl A2
5.610%, 07/15/2026 (B)		151		151
LCM XXIV, Ser 2021-24A, Cl AR
5.511%, TSFR3M + 1.242%, 03/20/2030 (A)(B)		18		18
M&T Equipment Notes, Ser 2023-1A, Cl A2
6.090%, 07/15/2030 (B)		46		46
Madison Park Funding XXX, Ser 2024-30A, Cl A1R
5.621%, TSFR3M + 1.360%, 07/16/2037 (A)(B)		875		873
MMAF Equipment Finance LLC, Ser 2020-BA, Cl A4
0.660%, 11/15/2027 (B)		174		173
MMAF Equipment Finance LLC, Ser 2021-A, Cl A3
0.560%, 06/13/2028 (B)		22		21
MMAF Equipment Finance LLC, Ser 2023-A, Cl A2
5.790%, 11/13/2026 (B)		125		125
MMAF Equipment Finance LLC, Ser 2024-A, Cl A2
5.200%, 09/13/2027 (B)		636		638
Navient Private Education Refi Loan Trust, Ser 2020-DA, Cl A
1.690%, 05/15/2069 (B)		245		231
Navient Private Education Refi Loan Trust, Ser 2021-A, Cl A
0.840%, 05/15/2069 (B)		322		294
Neuberger Berman Loan Advisers CLO, Ser 2024-25A, Cl AR2
5.670%, TSFR3M + 1.400%, 07/18/2038 (A)(B)		750		749
OCP CLO, Ser 2018-5A, Cl A1R
5.624%, TSFR3M + 1.342%, 04/26/2031 (A)(B)		13		13
OneMain Financial Issuance Trust, Ser 2022-S1, Cl A
4.130%, 05/14/2035 (B)		550		548
Palmer Square Loan Funding, Ser 2021-4A, Cl A1
5.318%, TSFR3M + 1.062%, 10/15/2029 (A)(B)		47		47
Palmer Square Loan Funding, Ser 2024-1A, Cl A1
5.306%, TSFR3M + 1.050%, 10/15/2032 (A)(B)		449		448


Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
PFS Financing, Ser 2025-A, Cl B
5.000%, 01/15/2029 (B)	$	350	$	351
PFS Financing, Ser 2025-B, Cl A
4.850%, 02/15/2030 (B)		205		207
SCF Equipment Leasing, Ser 2023-1A, Cl A2
6.560%, 01/22/2030 (B)		23		23
SCF Equipment Trust LLC, Ser 2025-1A, Cl A2
4.820%, 07/22/2030 (B)		100		100
SoFi Consumer Loan Program Trust, Ser 2025-1, Cl A
4.800%, 02/27/2034 (B)		828		829
Tesla Sustainable Energy Trust, Ser 2024-1A, Cl A1
4.830%, 12/03/2025 (B)		21		21
T-Mobile US Trust, Ser 2024-1A, Cl A
5.050%, 09/20/2029 (B)		1,375		1,386
Verizon Master Trust, Ser 2022-4, Cl A
3.400%, 11/20/2028		685		685
Verizon Master Trust, Ser 2024-3, Cl A1A
5.340%, 04/22/2030		750		766
VFI ABS LLC, Ser 2023-1A, Cl A
7.270%, 03/26/2029 (B)		72		73
Volvo Financial Equipment LLC, Ser 2024-1A, Cl A1
5.073%, 09/15/2025 (B)		32		32
Volvo Financial Equipment LLC, Ser 2025-1A, Cl A2
4.410%, 11/15/2027 (B)		75		75
Voya CLO, Ser 2018-2A, Cl A1R
5.513%, TSFR3M + 1.232%, 04/25/2031 (A)(B)		111		111
Voya CLO, Ser 2020-2A, Cl A1RR
5.561%, TSFR3M + 1.282%, 04/17/2030 (A)(B)		2		2
				17,369

Total Asset-Backed Securities
(Cost $57,812) ($ Thousands)				57,995


U.S. TREASURY OBLIGATIONS — 14.7%
U.S. Treasury Bills
4.264%, 05/27/2025 (C)		2,550		2,542
4.249%, 06/03/2025 (C)		2,975		2,964
4.245%, 12/26/2025 (C)		1,050		1,023
4.223%, 02/19/2026 (C)		975		945
U.S. Treasury Notes
4.490%, USBMMY3M + 0.245%, 01/31/2026 (A)		2,000		2,002
4.250%, 05/31/2025		4,200		4,199
3.750%, 08/31/2026		2,000		1,999
2.875%, 06/15/2025 (D)		2,000		1,996


Description	Face Amount (Thousands)		Market Value ($ Thousands)
U.S. TREASURY OBLIGATIONS (continued)
2.500%, 02/28/2026	$	3,025	$	2,988
1.250%, 12/31/2026		2,175		2,091
0.750%, 05/31/2026		350		338
0.750%, 08/31/2026		2,425		2,331
0.500%, 02/28/2026		3,625		3,522

Total U.S. Treasury Obligations
(Cost $28,874) ($ Thousands)				28,940



MORTGAGE-BACKED SECURITIES — 14.4%
Agency Mortgage-Backed Obligations — 2.6%
FHLMC
7.198%, H15T1Y + 2.150%, 02/01/2030(A)		1		1
4.050%, 08/28/2025		860		859
3.000%, 03/01/2030 to 09/01/2030		421		413
FHLMC Multifamily Structured Pass-Through Certificates, Ser K067, Cl A1
2.895%, 03/25/2027		83		82
FHLMC REMIC, Ser 2011-3786, Cl ED
4.000%, 09/15/2039		137		137
FHLMC REMIC, Ser 2013-4166, Cl PV
3.250%, 07/15/2037		747		735
FHLMC REMIC, Ser 2015-4479, Cl TA
3.000%, 07/15/2034		639		628
FHLMC REMIC, Ser 2018-4753, Cl QV
3.500%, 12/15/2040		445		442
FNMA
6.465%, H15T1Y + 2.215%, 01/01/2029(A)		2		2
6.000%, 01/01/2027		2		1
3.500%, 08/01/2032		188		185
3.000%, 10/01/2030 to 12/01/2030		300		294
FNMA REMIC, Ser 2001-33, Cl FA
4.918%, SOFR30A + 0.564%, 07/25/2031(A)		1		1
FNMA REMIC, Ser 2012-137, Cl UE
1.750%, 09/25/2041		65		62
FNMA REMIC, Ser 2012-63, Cl MA
4.000%, 06/25/2040		–		–
FNMA REMIC, Ser 2015-57, Cl CA
3.000%, 08/25/2034		167		165
GNMA, Ser 2022-177, Cl LA
3.500%, 01/20/2052		1,071		1,058


				5,065
Non-Agency Mortgage-Backed Obligations — 11.8%
Angel Oak Mortgage Trust LLC, Ser 2020-1, Cl A1
2.466%, 12/25/2059(A)(B)		15		14


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
Angel Oak Mortgage Trust LLC, Ser 2020-2, Cl A1A
2.531%, 01/26/2065(A)(B)	$	99	$	93
Angel Oak Mortgage Trust LLC, Ser 2020-3, Cl A1
1.691%, 04/25/2065(A)(B)		106		100
Angel Oak Mortgage Trust LLC, Ser 2020-4, Cl A1
1.469%, 06/25/2065(A)(B)		55		52
Angel Oak Mortgage Trust LLC, Ser 2020-R1, Cl A1
0.990%, 04/25/2053(A)(B)		39		37
Angel Oak Mortgage Trust LLC, Ser 2021-1, Cl A1
0.909%, 01/25/2066(A)(B)		176		150
Angel Oak Mortgage Trust LLC, Ser 2021-3, Cl A1
1.068%, 05/25/2066(A)(B)		174		150
Arroyo Mortgage Trust, Ser 2019-3, Cl A1
2.962%, 10/25/2048(A)(B)		64		61
Bank of America Merrill Lynch Commercial Mortgage Trust, Ser BNK3, Cl ASB
3.366%, 02/15/2050		150		148
Benchmark Mortgage Trust, Ser 2020-B17, Cl A2
2.211%, 03/15/2053		175		169
BMO MORTGAGE TRUST, Ser C3, Cl A1
5.429%, 09/15/2054(A)		224		224
BPR Trust, Ser 2021-TY, Cl A
5.487%, TSFR1M + 1.164%, 09/15/2038(A)(B)		960		955
BPR Trust, Ser OANA, Cl A
6.220%, TSFR1M + 1.898%, 04/15/2037(A)(B)		250		250
BRAVO Residential Funding Trust, Ser 2020-NQM1, Cl A1
1.449%, 05/25/2060(A)(B)		36		35
BRAVO Residential Funding Trust, Ser 2021-NQM1, Cl A1
0.941%, 02/25/2049(A)(B)		71		67
BRAVO Residential Funding Trust, Ser 2021-NQM2, Cl A1
0.970%, 03/25/2060(A)(B)		52		50
BRAVO Residential Funding Trust, Ser 2021-NQM3, Cl A1
1.699%, 04/25/2060(A)(B)		135		127
BSPRT, Ser 2022-FL8, Cl A
5.845%, SOFR30A + 1.500%, 02/15/2037(A)(B)		188		187
Bunker Hill Loan Depositary Trust, Ser 2020-1, Cl A1
1.724%, 02/25/2055(A)(B)		19		18


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
BX Commercial Mortgage Trust, Ser 2021-SOAR, Cl B
5.307%, TSFR1M + 0.984%, 06/15/2038(A)(B)	$	758	$	755
BX Commercial Mortgage Trust, Ser 2021-VINO, Cl A
5.089%, TSFR1M + 0.767%, 05/15/2038(A)(B)		60		60
BX Commercial Mortgage Trust, Ser 2021-VOLT, Cl A
5.136%, TSFR1M + 0.814%, 09/15/2036(A)(B)		275		272
BX Commercial Mortgage Trust, Ser CSMO, Cl A
6.437%, TSFR1M + 2.115%, 06/15/2027(A)(B)		225		225
BX Trust, Ser 2021-LGCY, Cl A
4.943%, TSFR1M + 0.620%, 10/15/2036(A)(B)		600		597
BX Trust, Ser 2022-LBA6, Cl A
5.322%, TSFR1M + 1.000%, 01/15/2039(A)(B)		625		622
BX Trust, Ser ARIA, Cl A
5.336%, TSFR1M + 1.014%, 10/15/2036(A)(B)		120		119
BX Trust, Ser VLT6, Cl B
6.214%, TSFR1M + 1.893%, 03/15/2042(A)(B)		850		840
BX, Ser 2021-MFM1, Cl B
5.387%, TSFR1M + 1.064%, 01/15/2034(A)(B)		385		384
CFCRE Commercial Mortgage Trust, Ser 2017-C8, Cl ASB
3.367%, 06/15/2050		209		207
Chase Mortgage Finance, Ser 2021-CL1, Cl M1
5.554%, SOFR30A + 1.200%, 02/25/2050(A)(B)		219		215
Citigroup Commercial Mortgage Trust, Ser 2016-P3, Cl AAB
3.127%, 04/15/2049		61		61
Citigroup Commercial Mortgage Trust, Ser GC37, Cl AAB
3.098%, 04/10/2049		59		59
Citigroup Mortgage Loan Trust, Ser 2018-RP2, Cl A1
3.156%, 02/25/2058(A)(B)		59		58
COLT Funding LLC, Ser 2021-3R, Cl A1
1.051%, 12/25/2064(A)(B)		86		79
COLT Mortgage Loan Trust, Ser 2020-2R, Cl A1
1.325%, 10/26/2065(A)(B)		63		59
COLT Mortgage Loan Trust, Ser 2021-1, Cl A1
0.910%, 06/25/2066(A)(B)		142		121


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
COLT Mortgage Loan Trust, Ser 2021-2, Cl A1
0.924%, 08/25/2066(A)(B)	$	213	$	178
COLT Mortgage Loan Trust, Ser 2021-2R, Cl A1
0.798%, 07/27/2054(B)		61		55
COLT Mortgage Loan Trust, Ser 2021-4, Cl A1
1.397%, 10/25/2066(A)(B)		377		316
COLT Mortgage Loan Trust, Ser 2021-HX1, Cl A1
1.110%, 10/25/2066(A)(B)		361		309
Connecticut Avenue Securities Trust, Ser 2021-R03, Cl 1M2
6.004%, SOFR30A + 1.650%, 12/25/2041(A)(B)		250		250
Connecticut Avenue Securities Trust, Ser 2022-R01, Cl 1M2
6.254%, SOFR30A + 1.900%, 12/25/2041(A)(B)		625		628
Connecticut Avenue Securities Trust, Ser 2023-R02, Cl 1M1
6.654%, SOFR30A + 2.300%, 01/25/2043(A)(B)		103		105
Connecticut Avenue Securities Trust, Ser 2023-R03, Cl 2M1
6.854%, SOFR30A + 2.500%, 04/25/2043(A)(B)		188		190
Connecticut Avenue Securities Trust, Ser 2024-R03, Cl 2M1
5.503%, SOFR30A + 1.150%, 03/25/2044(A)(B)		118		117
CSAIL Commercial Mortgage Trust, Ser C14, Cl ASB
4.359%, 11/15/2051(A)		104		103
CSMC Trust, Ser 2021-AFC1, Cl A1
0.830%, 03/25/2056(A)(B)		162		130
Deephaven Residential Mortgage Trust, Ser 2021-1, Cl A1
0.715%, 05/25/2065(A)(B)		34		33
Deephaven Residential Mortgage Trust, Ser 2021-2, Cl A1
0.899%, 04/25/2066(A)(B)		58		51
Ellington Financial Mortgage Trust, Ser 2019-2, Cl A1
2.739%, 11/25/2059(A)(B)		12		12
Ellington Financial Mortgage Trust, Ser 2020-2, Cl A1
1.178%, 10/25/2065(A)(B)		27		25
Ellington Financial Mortgage Trust, Ser 2021-1, Cl A1
0.797%, 02/25/2066(A)(B)		34		29


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
Ellington Financial Mortgage Trust, Ser 2021-2, Cl A1
0.931%, 06/25/2066(A)(B)	$	113	$	93
ELP Commercial Mortgage Trust, Ser 2021-ELP, Cl A
5.138%, TSFR1M + 0.815%, 11/15/2038(A)(B)		529		527
Extended Stay America Trust, Ser 2021-ESH, Cl B
5.817%, TSFR1M + 1.494%, 07/15/2038(A)(B)		215		214
FHLMC STACR REMIC Trust, Ser 2022-DNA2, Cl M1A
5.654%, SOFR30A + 1.300%, 02/25/2042(A)(B)		62		62
FHLMC STACR REMIC Trust, Ser 2024-DNA2, Cl A1
5.604%, SOFR30A + 1.250%, 05/25/2044(A)(B)		181		181
FHLMC STACR REMIC Trust, Ser 2024-HQA1, Cl M1
5.604%, SOFR30A + 1.250%, 03/25/2044(A)(B)		199		199
FNMA Connecticut Avenue Securities, Ser 2016-C03, Cl 2M2
10.368%, SOFR30A + 6.014%, 10/25/2028(A)		100		103
Fontainebleau Miami Beach Mortgage Trust, Ser FBLU, Cl A
5.772%, TSFR1M + 1.450%, 12/15/2039(A)(B)		430		426
GCAT Trust, Ser 2020-NQM2, Cl A1
2.555%, 04/25/2065(B)(E)		40		38
GCAT Trust, Ser 2021-CM1, Cl A
2.469%, 04/25/2065(A)(B)		146		139
GCAT Trust, Ser 2021-NQM1, Cl A1
0.874%, 01/25/2066(A)(B)		82		72
GCAT Trust, Ser 2021-NQM5, Cl A1
1.262%, 07/25/2066(A)(B)		554		463
GS Mortgage Securities Trust, Ser 2015-GS1, Cl AAB
3.553%, 11/10/2048		10		10
GS Mortgage Securities Trust, Ser 2016-GS3, Cl AAB
2.777%, 10/10/2049		106		105
HLTN Commercial Mortgage Trust, Ser DPLO, Cl A
5.963%, TSFR1M + 1.642%, 06/15/2041(A)(B)		350		348
Imperial Fund Mortgage Trust, Ser 2021-NQM1, Cl A1
1.071%, 06/25/2056(A)(B)		222		193


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
Imperial Fund Mortgage Trust, Ser 2021-NQM2, Cl A1
1.073%, 09/25/2056(A)(B)	$	163	$	137
Imperial Fund Mortgage Trust, Ser 2021-NQM3, Cl A1
1.595%, 11/25/2056(A)(B)		182		157
JP Morgan Chase Commercial Mortgage Securities Trust, Ser JP1, Cl ASB
3.733%, 01/15/2049		78		77
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C31, Cl ASB
3.540%, 08/15/2048		4		4
JPMCC Commercial Mortgage Securities Trust, Ser JP7, Cl ASB
3.241%, 09/15/2050		211		208
JPMorgan Mortgage Trust, Ser 2014-5, Cl A1
2.670%, 10/25/2029(A)(B)		382		373
JPMorgan Mortgage Trust, Ser 2018-7FRB, Cl A2
5.191%, TSFR1M + 0.864%, 04/25/2046(A)(B)		52		51
Metlife Securitization Trust, Ser 2017-1A, Cl A
3.000%, 04/25/2055(A)(B)		40		38
MF1, Ser 2022-FL8, Cl A
5.669%, TSFR1M + 1.350%, 02/19/2037(A)(B)		324		323
MFA Trust, Ser 2020-NQM1, Cl A1
2.479%, 03/25/2065(A)(B)		30		29
MFA Trust, Ser 2020-NQM3, Cl A1
1.014%, 01/26/2065(A)(B)		38		35
MFA Trust, Ser 2021-INV1, Cl A1
0.852%, 01/25/2056(A)(B)		49		47
MFA Trust, Ser 2021-NQM1, Cl A1
1.153%, 04/25/2065(A)(B)		84		79
MFA Trust, Ser 2021-NQM2, Cl A1
1.029%, 11/25/2064(A)(B)		129		113
MHC Commercial Mortgage Trust, Ser 2021-MHC, Cl B
5.537%, TSFR1M + 1.215%, 04/15/2038(A)(B)		536		535
MHP, Ser 2021-STOR, Cl A
5.137%, TSFR1M + 0.814%, 07/15/2038(A)(B)		155		154
MHP, Ser 2022-MHIL, Cl A
5.137%, TSFR1M + 0.815%, 01/15/2039(A)(B)		104		103
Mill City Mortgage Loan Trust, Ser 2017-3, Cl A1
2.750%, 01/25/2061(A)(B)		48		48
Mill City Mortgage Loan Trust, Ser 2018-1, Cl A1
3.250%, 05/25/2062(A)(B)		15		15


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
Mill City Mortgage Loan Trust, Ser 2018-3, Cl A1
3.500%, 08/25/2058(A)(B)	$	121	$	119
Mill City Mortgage Loan Trust, Ser 2018-4, Cl A1B
3.500%, 04/25/2066(A)(B)		562		551
Mill City Mortgage Loan Trust, Ser 2019-1, Cl A1
3.250%, 10/25/2069(A)(B)		137		133
Mill City Mortgage Loan Trust, Ser 2021-NMR1, Cl A1
1.125%, 11/25/2060(A)(B)		77		73
Morgan Stanley Capital I Trust, Ser 2019-H6, Cl A2
3.228%, 06/15/2052		17		17
Morgan Stanley Capital I Trust, Ser H3, Cl ASB
4.120%, 07/15/2051		60		60
Morgan Stanley Capital I Trust, Ser HR2, Cl ASB
3.509%, 12/15/2050		107		105
New Residential Mortgage Loan Trust, Ser 2017-3A, Cl A1
4.000%, 04/25/2057(A)(B)		67		65
New Residential Mortgage Loan Trust, Ser 2017-6A, Cl A1
4.000%, 08/27/2057(A)(B)		156		151
New Residential Mortgage Loan Trust, Ser 2018-1A, Cl A1
3.803%, 09/25/2057(A)(B)		75		71
New Residential Mortgage Loan Trust, Ser 2019-NQM4, Cl A1
2.492%, 09/25/2059(A)(B)		22		20
New Residential Mortgage Loan Trust, Ser 2020-NQM2, Cl A1
1.650%, 05/24/2060(A)(B)		28		27
New Residential Mortgage Loan Trust, Ser 2021-NQ2R, Cl A1
0.941%, 10/25/2058(A)(B)		41		39
New Residential Mortgage Loan Trust, Ser 2021-NQM3, Cl A1
1.156%, 11/27/2056(A)(B)		265		229
NYC Commercial Mortgage Trust, Ser 3BP, Cl A
5.535%, TSFR1M + 1.213%, 02/15/2042(A)(B)		785		777
OBX Trust, Ser 2018-1, Cl A2
5.091%, TSFR1M + 0.764%, 06/25/2057(A)(B)		10		10
OBX Trust, Ser 2021-NQM4, Cl A1
1.957%, 10/25/2061(A)(B)		406		342


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
Paragon Mortgages No. 12 PLC, Ser 2006-12A, Cl A2C
4.847%, SOFRRATE + 0.482%, 11/15/2038(A)(B)	$	32	$	32
Residential Mortgage Loan Trust, Ser 2020-1, Cl A1
2.376%, 01/26/2060(A)(B)		7		7
Sequoia Mortgage Trust, Ser 2018-CH3, Cl A1
4.500%, 08/25/2048(A)(B)		3		3
SREIT Trust, Ser 2021-MFP, Cl B
5.516%, TSFR1M + 1.194%, 11/15/2038(A)(B)		398		396
SREIT Trust, Ser MFP, Cl A
5.167%, TSFR1M + 0.845%, 11/15/2038(A)(B)		84		83
STAR Trust, Ser 2021-1, Cl A1
1.219%, 05/25/2065(A)(B)		80		75
STAR Trust, Ser 2024-SFR4, Cl B
6.422%, TSFR1M + 2.100%, 10/17/2041(A)(B)		175		176
STAR Trust, Ser 2024-SFR4, Cl A
6.072%, TSFR1M + 1.750%, 10/17/2041(A)(B)		485		487
STAR Trust, Ser 2025-SFR5, Cl A
5.772%, TSFR1M + 1.450%, 02/17/2042(A)(B)		285		286
STAR Trust, Ser 2025-SFR5, Cl B
6.072%, TSFR1M + 1.750%, 02/17/2042(A)(B)		550		552
Starwood Mortgage Residential Trust, Ser 2020-1, Cl A1
2.275%, 02/25/2050(A)(B)		10		10
Starwood Mortgage Residential Trust, Ser 2020-3, Cl A1
1.486%, 04/25/2065(A)(B)		19		18
Starwood Mortgage Residential Trust, Ser 2021-2, Cl A1
0.943%, 05/25/2065(A)(B)		33		31
Starwood Mortgage Residential Trust, Ser 2021-3, Cl A1
1.127%, 06/25/2056(A)(B)		197		167
Towd Point Mortgage Trust, Ser 2017-6, Cl A1
2.750%, 10/25/2057(A)(B)		29		29
Towd Point Mortgage Trust, Ser 2018-1, Cl A1
3.000%, 01/25/2058(A)(B)		14		13
Towd Point Mortgage Trust, Ser 2018-2, Cl A1
3.250%, 03/25/2058(A)(B)		75		74
Towd Point Mortgage Trust, Ser 2018-3, Cl A1
3.750%, 05/25/2058(A)(B)		23		22


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
Towd Point Mortgage Trust, Ser 2018-5, Cl A1A
3.250%, 07/25/2058(A)(B)	$	146	$	144
Towd Point Mortgage Trust, Ser 2021-SJ1, Cl A1
2.250%, 07/25/2068(A)(B)		338		324
TRK Trust, Ser 2021-INV1, Cl A1
1.153%, 07/25/2056(A)(B)		130		115
TTAN, Ser 2021-MHC, Cl B
5.537%, TSFR1M + 1.214%, 03/15/2038(A)(B)		211		211
UBS Commercial Mortgage Trust, Ser C4, Cl ASB
3.366%, 10/15/2050		386		381
Verus Securitization Trust, Ser 2020-1, Cl A1
3.417%, 01/25/2060(B)(E)		12		12
Verus Securitization Trust, Ser 2020-4, Cl A1
2.502%, 05/25/2065(B)(E)		34		33
Verus Securitization Trust, Ser 2021-1, Cl A1
0.815%, 01/25/2066(A)(B)		74		65
Verus Securitization Trust, Ser 2021-1, Cl A2
1.052%, 01/25/2066(A)(B)		148		131
Verus Securitization Trust, Ser 2021-2, Cl A1
1.031%, 02/25/2066(A)(B)		96		85
Verus Securitization Trust, Ser 2021-R2, Cl A1
0.918%, 02/25/2064(A)(B)		142		131
Verus Securitization Trust, Ser 2021-R3, Cl A1
1.020%, 04/25/2064(A)(B)		70		67
Wells Fargo Commercial Mortgage Trust, Ser 2016-C32, Cl ASB
3.324%, 01/15/2059		6		6
Wells Fargo Commercial Mortgage Trust, Ser BNK1, Cl ASB
2.514%, 08/15/2049		46		46
Wells Fargo Commercial Mortgage Trust, Ser C31, Cl A3
3.427%, 11/15/2048		155		154
Wells Fargo Commercial Mortgage Trust, Ser C34, Cl ASB
2.911%, 06/15/2049		39		39
Wells Fargo Commercial Mortgage Trust, Ser C39, Cl ASB
3.212%, 09/15/2050		104		103
Wells Fargo Commercial Mortgage Trust, Ser C41, Cl ASB
3.390%, 11/15/2050		160		158


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
Wells Fargo Commercial Mortgage Trust, Ser NXS6, Cl ASB
2.827%, 11/15/2049	$	58	$	58


				23,363
Total Mortgage-Backed Securities
(Cost $29,233) ($ Thousands)				28,428



MUNICIPAL BONDS — 1.4%
Florida — 0.2%
County, of Miami-Dade Florida Aviation Revenue, Ser B, RB
2.949%, 10/01/2025		390		388


New Jersey — 0.3%
New Jersey Transportation Trust Fund Authority, Ser BB, RB
4.608%, 06/15/2026		595		598


New York — 0.7%
City of New York New York, Ser D-2, GO
4.267%, 10/01/2026		330		331
City of New York New York, Ser H, GO
4.542%, 02/01/2027		205		206
New York City Transitional Finance Authority, RB
4.724%, 11/01/2026		945		955

				1,492

Pennsylvania — 0.2%
Pennsylvania Higher Educational Facilities Authority, RB
4.961%, 11/01/2025		205		205
Redevelopment Authority of the City of Philadelphia, Ser A, RB
4.503%, 09/01/2026		165		166

				371


Total Municipal Bonds
(Cost $2,832) ($ Thousands)				2,849



COMMERCIAL PAPER — 0.6%
Automotive — 0.3%
Toyota Motor Credit
0.180%, 07/28/2025		625		618


Description	Face Amount (Thousands)		Market Value ($ Thousands)
COMMERCIAL PAPER (continued)
Financials — 0.3%
ANZ Group Holdings
0.000%, 08/27/2025 (F)	$	600	$	600



Total Commercial Paper
(Cost $1,218) ($ Thousands)				1,218



REPURCHASE AGREEMENT(G) — 4.5%
BNP Paribas
4.370%, dated 04/30/2025 to be repurchased on 05/01/2025, repurchase price $8,801,068 (collateralized by U.S. Government obligations, ranging in par value $1,000 - $5,926,730, 2.000% - 7.409%, 11/01/2025 – 04/01/2055; with a total market value $8,976,000)		8,800		8,800
Total Repurchase Agreement
(Cost $8,800) ($ Thousands)				8,800


Total Investments in Securities — 99.6%
(Cost $196,736) ($ Thousands)			$	196,431

	Percentages are based on Net Assets of $197,188 ($ Thousands).
(A)	Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.
(B)	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On April 30, 2025, the value of these securities amounted to $78,364 ($ Thousands), representing 39.7% of the Net Assets of the Fund.
(C)	Interest rate represents the security's effective yield at the time of purchase.
(D)	Security, or a portion thereof, has been pledged as collateral on open futures contracts.
(E)	Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect.
(F)	No interest rate available.
(G)	Tri-Party Repurchase Agreement.

See “Glossary” for abbreviations.


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES — 70.7%
Agency Mortgage-Backed Obligations — 70.7%
FHLMC
6.000%, 12/01/2052 to 03/01/2053	$	2,180	$	2,230
5.500%, 02/01/2053		2,610		2,617
4.500%, 05/01/2025 to 12/01/2039		616		613
4.000%, 01/01/2033 to 07/01/2049		3,829		3,770
3.500%, 01/01/2029 to 05/01/2035		8,851		8,751
3.000%, 12/01/2031 to 12/01/2046		7,475		6,929
2.500%, 06/01/2030 to 02/01/2032		2,638		2,550
2.000%, 05/01/2036 to 06/01/2036		2,194		2,009
1.500%, 09/01/2041		492		407
FHLMC Multifamily Structured Pass-Through Certificates, Ser K060, Cl A1
2.958%, 07/25/2026		576		570
FHLMC Multifamily Structured Pass-Through Certificates, Ser K066, Cl X1, IO
0.868%, 06/25/2027(A)		16,822		209
FHLMC Multifamily Structured Pass-Through Certificates, Ser K107, Cl X1, IO
1.705%, 01/25/2030(A)		12,137		755
FHLMC Multifamily Structured Pass-Through Certificates, Ser K125, Cl X1, IO
0.669%, 01/25/2031(A)		13,486		361
FHLMC Multifamily Structured Pass-Through Certificates, Ser K128, Cl X1, IO
0.608%, 03/25/2031(A)		10,111		244
FHLMC Multifamily Structured Pass-Through Certificates, Ser K154, Cl X1, IO
0.527%, 01/25/2033(A)		14,647		380
FHLMC Multifamily Structured Pass-Through Certificates, Ser K167, Cl X1, IO
0.335%, 10/25/2034(A)		15,850		264
FHLMC Multifamily Structured Pass-Through Certificates, Ser K510, Cl A2
5.069%, 10/25/2028(A)		2,365		2,437
FHLMC Multifamily Structured Pass-Through Certificates, Ser K511, Cl A2
4.860%, 10/25/2028		3,190		3,266
FHLMC Multifamily Structured Pass-Through Certificates, Ser K516, Cl A2
5.477%, 01/25/2029		14,000		14,627
FHLMC Multifamily Structured Pass-Through Certificates, Ser K517, Cl A2
5.355%, 01/25/2029(A)		6,620		6,887
FHLMC Multifamily Structured Pass-Through Certificates, Ser K528, Cl A2
4.508%, 07/25/2029		3,300		3,345
FHLMC Multifamily Structured Pass-Through Certificates, Ser K737, Cl X1, IO
0.727%, 10/25/2026(A)		20,555		157
FHLMC Multifamily Structured Pass-Through Certificates, Ser K742, Cl X1, IO
0.858%, 03/25/2028(A)		7,484		98


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
FHLMC Multifamily Structured Pass-Through Certificates, Ser KF60, Cl A
4.938%, SOFR30A + 0.604%, 02/25/2026(A)	$	1,519	$	1,519
FHLMC Multifamily Structured Pass-Through Certificates, Ser KF62, Cl A
4.928%, SOFR30A + 0.594%, 04/25/2026(A)		2,976		2,975
FHLMC Multifamily Structured Pass-Through Certificates, Ser KF72, Cl A
4.948%, SOFR30A + 0.614%, 10/25/2026(A)		487		486
FHLMC REMIC, Ser 2003-2571, Cl FY
5.209%, SOFR30A + 0.864%, 12/15/2032(A)		1,251		1,257
FHLMC REMIC, Ser 2006-3148, Cl CF
4.859%, SOFR30A + 0.514%, 02/15/2034(A)		55		54
FHLMC REMIC, Ser 2006-3153, Cl FX
4.809%, SOFR30A + 0.464%, 05/15/2036(A)		41		41
FHLMC REMIC, Ser 2006-3174, Cl FA
4.759%, SOFR30A + 0.414%, 04/15/2036(A)		823		818
FHLMC REMIC, Ser 2006-3219, Cl EF
4.859%, SOFR30A + 0.514%, 04/15/2032(A)		1,213		1,206
FHLMC REMIC, Ser 2007-3339, Cl HF
4.979%, SOFR30A + 0.634%, 07/15/2037(A)		1,253		1,249
FHLMC REMIC, Ser 2010-3628, Cl PJ
4.500%, 01/15/2040		486		487
FHLMC REMIC, Ser 2010-3781, Cl YB
3.500%, 12/15/2030		1,002		990
FHLMC REMIC, Ser 2011-3786, Cl ED
4.000%, 09/15/2039		1,284		1,279
FHLMC REMIC, Ser 2011-3788, Cl FA
4.989%, SOFR30A + 0.644%, 01/15/2041(A)		1,726		1,719
FHLMC REMIC, Ser 2011-3930, Cl KE
4.000%, 09/15/2041		7,899		7,780
FHLMC REMIC, Ser 2011-3930, Cl AI, IO
3.500%, 09/15/2026		33		1
FHLMC REMIC, Ser 2012-4018, Cl AI, IO
3.500%, 03/15/2027		14		–
FHLMC REMIC, Ser 2012-4083, Cl DI, IO
4.000%, 07/15/2027		28		1
FHLMC REMIC, Ser 2012-4107, Cl HE
1.500%, 10/15/2041		3,828		3,620
FHLMC REMIC, Ser 2012-4114, Cl MB
3.000%, 10/15/2032		2,660		2,587
FHLMC REMIC, Ser 2012-4117, Cl P
1.250%, 07/15/2042		829		731


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
FHLMC REMIC, Ser 2012-4142, Cl PT
1.250%, 12/15/2027	$	381	$	370
FHLMC REMIC, Ser 2012-4146, Cl AB
1.125%, 12/15/2027		385		373
FHLMC REMIC, Ser 2013-4170, Cl QI, IO
3.000%, 05/15/2032		38		–
FHLMC REMIC, Ser 2013-4176, Cl KI, IO
4.000%, 03/15/2028		44		1
FHLMC REMIC, Ser 2013-4178, Cl BI, IO
3.000%, 03/15/2033		251		18
FHLMC REMIC, Ser 2013-4178, Cl MI, IO
2.500%, 03/15/2028		77		2
FHLMC REMIC, Ser 2013-4182, Cl IE, IO
2.500%, 03/15/2028		87		2
FHLMC REMIC, Ser 2013-4195, Cl AI, IO
3.000%, 04/15/2028		221		6
FHLMC REMIC, Ser 2013-4199, Cl QI, IO
2.500%, 05/15/2028		124		3
FHLMC REMIC, Ser 2013-4200, Cl LC
2.000%, 05/15/2033		4,918		4,622
FHLMC REMIC, Ser 2013-4220, Cl IE, IO
4.000%, 06/15/2028		32		–
FHLMC REMIC, Ser 2013-4223, Cl AL
3.000%, 08/15/2042		709		674
FHLMC REMIC, Ser 2013-4247, Cl LA
3.000%, 03/15/2043		2,094		1,953
FHLMC REMIC, Ser 2014-4340, Cl MI, IO
4.500%, 02/15/2027		159		2
FHLMC REMIC, Ser 2014-4344, Cl KZ
3.500%, 05/15/2034		5,165		5,032
FHLMC REMIC, Ser 2014-4419, Cl CW
2.500%, 10/15/2037		894		872
FHLMC REMIC, Ser 2015-4456, Cl BA
3.000%, 05/15/2044		612		589
FHLMC REMIC, Ser 2015-4471, Cl GA
3.000%, 02/15/2044		840		804
FHLMC REMIC, Ser 2015-4484, Cl Cl, IO
4.000%, 07/15/2030		215		12
FHLMC REMIC, Ser 2015-4535, Cl PA
3.000%, 03/15/2044		1,536		1,493
FHLMC REMIC, Ser 2016-4620, Cl IO, IO
5.000%, 09/15/2033		380		51
FHLMC REMIC, Ser 2017-4650, Cl LP
3.000%, 09/15/2045		352		343
FHLMC REMIC, Ser 2017-4654, Cl AK
3.000%, 07/15/2044		1,890		1,853
FHLMC REMIC, Ser 2017-4657, Cl PU
3.000%, 09/15/2044		1,392		1,363
FHLMC REMIC, Ser 2017-4673, Cl PH
3.500%, 01/15/2045		1,715		1,694
FHLMC REMIC, Ser 2017-4700, Cl HV
3.000%, 09/15/2040		4,466		4,356


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
FHLMC REMIC, Ser 2017-4709, Cl AB
3.000%, 08/15/2047	$	487	$	463
FHLMC REMIC, Ser 2017-4740, Cl P
3.000%, 12/15/2047		4,537		4,076
FHLMC REMIC, Ser 2018-4820, Cl JI, IO
5.000%, 02/15/2048		506		101
FHLMC REMIC, Ser 2020-4978, Cl MI, IO
4.000%, 05/25/2040		1,598		244
FHLMC REMIC, Ser 2020-4996, Cl BI, IO
2.500%, 06/25/2050		3,678		526
FHLMC REMIC, Ser 2020-5010, Cl IE, IO
4.000%, 09/25/2050		2,374		487
FHLMC REMIC, Ser 2020-5018, Cl LW
1.000%, 10/25/2040		1,179		957
FHLMC REMIC, Ser 2020-5048, Cl A
1.000%, 06/15/2044		1,860		1,729
FHLMC REMIC, Ser 2021-5079, Cl CB
1.000%, 02/25/2051		5,486		4,744
FHLMC REMIC, Ser 2021-5083, Cl AI, IO
2.500%, 03/25/2051		3,045		427
FHLMC REMIC, Ser 2021-5091, Cl IG, IO
3.500%, 04/25/2051		2,573		526
FHLMC REMIC, Ser 2021-5169, Cl IO, IO
3.000%, 09/25/2051		3,108		509
FHLMC REMIC, Ser 2021-5170, Cl DP
2.000%, 07/25/2050		1,932		1,701
FHLMC REMIC, Ser 2021-5183, Cl IC, IO
3.000%, 01/25/2052		3,334		570
FHLMC REMIC, Ser 2022-5213, Cl JH
3.000%, 09/25/2051		2,358		2,240
FHLMC REMIC, Ser 2022-5228, Cl DG
3.500%, 01/25/2046		5,000		4,832
FHLMC REMIC, Ser 2022-5243, Cl AV
5.000%, 06/25/2033		3,641		3,634
FHLMC REMIC, Ser 2022-5264, Cl AB
4.500%, 08/25/2039		751		746
FHLMC REMIC, Ser 2023-5320, Cl CI, IO
4.000%, 10/15/2047		3,432		591
FHLMC REMIC, Ser 2024-5413, Cl KV
5.500%, 03/25/2035		6,846		7,012
FHLMC REMIC, Ser 2025-5538, Cl AV
5.000%, 04/25/2036		7,488		7,429
FHLMC Seasoned Credit Risk Transfer Trust, Ser 2017-3, Cl MA
3.000%, 07/25/2056		3,069		2,884
FHLMC Seasoned Credit Risk Transfer Trust, Ser 2018-1, Cl MA
3.000%, 05/25/2057		3,162		2,945
FHLMC Seasoned Credit Risk Transfer Trust, Ser 2018-3, Cl MA
3.500%, 08/25/2057(A)		1,618		1,560


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
FHLMC Seasoned Credit Risk Transfer Trust, Ser 2019-1, Cl MA
3.500%, 07/25/2058	$	3,221	$	3,093
FHLMC Seasoned Credit Risk Transfer Trust, Ser 2019-2, Cl MA
3.500%, 08/26/2058		5,454		5,203
FHLMC Seasoned Credit Risk Transfer Trust, Ser 2019-3, Cl MV
3.500%, 10/25/2058		847		788
FHLMC Seasoned Credit Risk Transfer Trust, Ser 2019-4, Cl MA
3.000%, 02/25/2059		4,123		3,829
FHLMC Seasoned Credit Risk Transfer Trust, Ser 2020-2, Cl MA
2.000%, 11/25/2059		532		476
FHLMC Seasoned Credit Risk Transfer Trust, Ser 2021-2, Cl TT
2.000%, 11/25/2060		6,530		5,917
FHLMC Seasoned Credit Risk Transfer Trust, Ser 2021-3, Cl TT
2.000%, 03/25/2061		1,136		1,025
FHLMC Structured Pass-Through Certificates, Ser 2002-42, Cl A5
7.500%, 02/25/2042		156		167
FHLMC, Ser 2013-303, Cl C2, IO
3.500%, 01/15/2028		224		5
FHLMC, Ser 2013-303, Cl C16, IO
3.500%, 01/15/2043		1,452		232
FHLMC, Ser 2020-373, Cl 100
1.000%, 10/25/2038		3,832		3,448
FHLMC, Ser 2022-386, Cl C14, IO
2.500%, 03/15/2052		3,557		574
FHLMC, Ser 2022-386, Cl C10, IO
2.500%, 02/15/2042		5,025		614
FHLMC, Ser 2022-389, Cl C35, IO
2.000%, 06/15/2052		4,321		557
FNMA
7.000%, 06/01/2037		1		1
6.938%, H15T1Y + 2.165%, 08/01/2029(A)		13		13
6.500%, 05/01/2026 to 01/01/2036		29		30
6.000%, 07/01/2038 to 05/01/2053		7,055		7,248
5.500%, 06/01/2038 to 06/01/2053		5,408		5,418
5.170%, 02/01/2029		3,325		3,428
5.065%, 12/01/2028		2,440		2,519
4.820%, 04/01/2029		2,595		2,659
4.500%, 04/01/2026 to 08/01/2044		5,296		5,324
4.390%, 04/01/2029		2,862		2,892
4.000%, 05/01/2026 to 08/01/2051		3,407		3,348
3.500%, 10/01/2027 to 02/01/2045		21,553		21,121
3.000%, 09/01/2027 to 11/01/2036		8,903		8,589
2.960%, 01/01/2027		1,095		1,076
2.500%, 01/01/2028 to 09/01/2036		14,100		13,589


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
2.000%, 05/01/2036 to 12/01/2036	$	5,455	$	4,999
FNMA Interest, Ser 2009-397, Cl 6
2.000%, 09/25/2039		619		546
FNMA Interest, Ser 2012-410, Cl C6, IO
4.000%, 05/25/2027		47		1
FNMA Interest, Ser 2013-418, Cl C16, IO
4.500%, 08/25/2043		1,546		328
FNMA Interest, Ser 2022-426, Cl C38, IO
2.000%, 03/25/2052		4,146		552
FNMA Interest, Ser 2023-429, Cl C3, IO
2.500%, 09/25/2052		4,000		633
FNMA Interest, Ser 2023-437, Cl C8, IO
2.500%, 06/25/2052		3,463		549
FNMA REMIC, Ser 2002-53, Cl FK
4.868%, SOFR30A + 0.514%, 04/25/2032(A)		25		25
FNMA REMIC, Ser 2005-101, Cl B
5.000%, 11/25/2035		594		606
FNMA REMIC, Ser 2006-76, Cl QF
4.868%, SOFR30A + 0.514%, 08/25/2036(A)		141		140
FNMA REMIC, Ser 2006-79, Cl DF
4.818%, SOFR30A + 0.464%, 08/25/2036(A)		103		102
FNMA REMIC, Ser 2007-47, Cl DA
5.600%, 05/25/2037		146		152
FNMA REMIC, Ser 2007-64, Cl FB
4.838%, SOFR30A + 0.484%, 07/25/2037(A)		932		925
FNMA REMIC, Ser 2008-16, Cl FA
5.168%, SOFR30A + 0.814%, 03/25/2038(A)		391		391
FNMA REMIC, Ser 2009-110, Cl FD
5.218%, SOFR30A + 0.864%, 01/25/2040(A)		1,847		1,848
FNMA REMIC, Ser 2009-112, Cl FM
5.218%, SOFR30A + 0.864%, 01/25/2040(A)		1,195		1,198
FNMA REMIC, Ser 2009-77, Cl ZA
4.500%, 10/25/2039		723		727
FNMA REMIC, Ser 2009-82, Cl FC
5.388%, SOFR30A + 1.034%, 10/25/2039(A)		1,324		1,333
FNMA REMIC, Ser 2009-82, Cl FD
5.318%, SOFR30A + 0.964%, 10/25/2039(A)		1,417		1,423
FNMA REMIC, Ser 2010-4, Cl PL
4.500%, 02/25/2040		340		340
FNMA REMIC, Ser 2010-56, Cl AF
5.004%, SOFR30A + 0.664%, 06/25/2040(A)		1,210		1,201
FNMA REMIC, Ser 2011-17, Cl ZM
3.500%, 03/25/2031		2,949		2,910


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
FNMA REMIC, Ser 2012-103, Cl HB
1.500%, 09/25/2027	$	442	$	431
FNMA REMIC, Ser 2012-111, Cl NI, IO
3.500%, 10/25/2027		159		4
FNMA REMIC, Ser 2012-124, Cl BC
3.000%, 03/25/2042		1,445		1,413
FNMA REMIC, Ser 2012-140, Cl PA
2.000%, 12/25/2042		2,230		1,911
FNMA REMIC, Ser 2012-27, Cl PI, IO
4.500%, 02/25/2042		716		48
FNMA REMIC, Ser 2012-43, Cl AI, IO
3.500%, 04/25/2027		455		8
FNMA REMIC, Ser 2012-47, Cl QI, IO
5.531%, 05/25/2042(A)		15		1
FNMA REMIC, Ser 2012-53, Cl BI, IO
3.500%, 05/25/2027		74		1
FNMA REMIC, Ser 2012-93, Cl IL, IO
3.000%, 09/25/2027		78		2
FNMA REMIC, Ser 2012-97, Cl JI, IO
3.000%, 07/25/2027		52		–
FNMA REMIC, Ser 2012-98, Cl BI, IO
6.000%, 01/25/2042		527		32
FNMA REMIC, Ser 2013-10, Cl YA
1.250%, 02/25/2028		591		573
FNMA REMIC, Ser 2013-12, Cl P
1.750%, 11/25/2041		204		199
FNMA REMIC, Ser 2013-121, Cl FA
4.868%, SOFR30A + 0.514%, 12/25/2043(A)		8,316		8,207
FNMA REMIC, Ser 2013-130, Cl FQ
4.668%, SOFR30A + 0.314%, 06/25/2041(A)		1,253		1,241
FNMA REMIC, Ser 2013-4, Cl JB
1.250%, 02/25/2028		403		390
FNMA REMIC, Ser 2013-4, Cl CB
1.250%, 02/25/2028		716		695
FNMA REMIC, Ser 2013-76, Cl PH
2.500%, 09/25/2042		1,715		1,626
FNMA REMIC, Ser 2013-9, Cl PT
1.250%, 02/25/2028		355		344
FNMA REMIC, Ser 2013-98, Cl ZA
4.500%, 09/25/2043		5,116		5,060
FNMA REMIC, Ser 2014-50, Cl SC, IO
2.193%, 08/25/2044(A)		695		47
FNMA REMIC, Ser 2015-21, Cl WI, IO
2.027%, 04/25/2055(A)		568		26
FNMA REMIC, Ser 2015-41, Cl AG
3.000%, 09/25/2034		353		346
FNMA REMIC, Ser 2015-42, Cl AI, IO
2.375%, 06/25/2055(A)		591		29
FNMA REMIC, Ser 2015-5, Cl CP
3.000%, 06/25/2043		580		566


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
FNMA REMIC, Ser 2015-68, Cl JI, IO
3.500%, 08/25/2030	$	74	$	3
FNMA REMIC, Ser 2015-68, Cl HI, IO
3.500%, 09/25/2035		299		27
FNMA REMIC, Ser 2015-75, Cl DB
3.000%, 08/25/2035		1,062		1,026
FNMA REMIC, Ser 2016-3, Cl IN, IO
6.000%, 02/25/2046		1,712		258
FNMA REMIC, Ser 2016-3, Cl JI, IO
3.500%, 02/25/2031		37		–
FNMA REMIC, Ser 2016-42, Cl DA
3.000%, 07/25/2045		321		307
FNMA REMIC, Ser 2016-71, Cl IN, IO
3.500%, 10/25/2046		377		74
FNMA REMIC, Ser 2016-95, Cl BC
2.500%, 07/25/2040		1,407		1,336
FNMA REMIC, Ser 2017-15, Cl BC
3.250%, 11/25/2043		1,054		1,030
FNMA REMIC, Ser 2017-68, Cl IB, IO
4.500%, 09/25/2047		1,499		270
FNMA REMIC, Ser 2017-69, Cl GA
3.000%, 05/25/2045		1,235		1,204
FNMA REMIC, Ser 2018-12, Cl PK
3.000%, 03/25/2046		6,331		6,247
FNMA REMIC, Ser 2018-13, Cl MP
3.500%, 12/25/2057		1,918		1,826
FNMA REMIC, Ser 2018-55, Cl PA
3.500%, 01/25/2047		7,933		7,854
FNMA REMIC, Ser 2018-89, Cl CA
4.000%, 06/25/2053		1,390		1,382
FNMA REMIC, Ser 2019-38, Cl PC
3.000%, 02/25/2048		639		604
FNMA REMIC, Ser 2020-26, Cl IA, IO
3.500%, 11/25/2039		2,112		185
FNMA REMIC, Ser 2020-26, Cl AI, IO
3.000%, 04/25/2033		1,194		74
FNMA REMIC, Ser 2020-35, Cl AI, IO
3.000%, 06/25/2050		3,409		557
FNMA REMIC, Ser 2020-37, Cl IM, IO
4.000%, 06/25/2050		2,760		556
FNMA REMIC, Ser 2020-4, Cl AP
2.500%, 02/25/2050		1,355		1,168
FNMA REMIC, Ser 2020-65, Cl BI, IO
4.000%, 09/25/2050		2,348		455
FNMA REMIC, Ser 2020-74, Cl HI, IO
5.500%, 10/25/2050		2,296		408
FNMA REMIC, Ser 2020-77, Cl HI, IO
4.000%, 11/25/2050		2,952		598
FNMA REMIC, Ser 2020-85, Cl PI, IO
3.000%, 12/25/2050		3,497		581
FNMA REMIC, Ser 2021-26, Cl YI, IO
3.500%, 05/25/2050		3,377		599


Description	Face Amount (Thousands)			Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
FNMA REMIC, Ser 2021-3, Cl NI, IO
2.500%, 02/25/2051	$	4,075		$	617
FNMA REMIC, Ser 2021-3, Cl TI, IO
2.500%, 02/25/2051		3,669			598
FNMA REMIC, Ser 2021-95, Cl GI, IO
3.000%, 01/25/2052		3,527			519
FNMA REMIC, Ser 2022-22, Cl QH
4.500%, 05/25/2052		4,972			4,945
FNMA REMIC, Ser 2022-72, Cl CB
5.250%, 07/25/2039		5,553			5,614
FNMA REMIC, Ser 2022-77, Cl CA
5.000%, 04/25/2039		1,912			1,905
FNMA REMIC, Ser 2023-53, Cl GB
6.000%, 08/25/2044		756			773
FNMA REMIC, Ser 2024-41, Cl DA
5.500%, 12/25/2051		11,008			11,111
FNMA REMIC, Ser 2025-3, Cl DA
5.500%, 04/25/2052		2,264			2,280
FNMA REMIC, Ser 2025-3, Cl BA
5.500%, 03/25/2052		2,421			2,437
FNMA TBA
3.500% - 6.000%, 05/15/2045 – 06/15/2055		(31,482	)		(30,291	)
FNMA, Ser 2018- M12, Cl FA
4.859%, SOFR30A + 0.514%, 08/25/2025(A)		64			64
FNMA, Ser 2019-M21, Cl X1, IO
1.578%, 05/25/2029(A)		9,747			390
GNMA
6.500%, 12/15/2037 to 02/20/2039		75			78
6.000%, 02/15/2029 to 06/15/2041		342			355
5.500%, 10/15/2034 to 02/15/2041		746			769
5.000%, 09/15/2039 to 04/15/2041		300			303
4.500%, 09/20/2049		1,083			1,046
4.000%, 07/15/2041 to 08/15/2041		43			41
3.500%, 06/20/2046		1,476			1,357
GNMA, Ser 2003-86, Cl ZD
5.500%, 10/20/2033		1,374			1,386
GNMA, Ser 2010-26, Cl JI, IO
5.000%, 02/16/2040		1,020			221
GNMA, Ser 2010-57, Cl TI, IO
5.000%, 05/20/2040		490			90
GNMA, Ser 2010-68, Cl WA
3.000%, 12/16/2039		487			476
GNMA, Ser 2012-126, Cl IO, IO
3.500%, 10/20/2042		1,485			188
GNMA, Ser 2012-143, Cl XK
2.000%, 12/16/2027		1,246			1,220
GNMA, Ser 2012-26, Cl GJ
2.500%, 02/20/2027		1,184			1,166
GNMA, Ser 2012-30, Cl AB
2.250%, 03/20/2027		517			509


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
GNMA, Ser 2012-34, Cl KA
2.250%, 03/20/2027	$	528	$	519
GNMA, Ser 2012-36, Cl AB
3.000%, 10/20/2040		142		141
GNMA, Ser 2012-38, Cl GE
2.250%, 03/20/2027		802		788
GNMA, Ser 2012-51, Cl GI, IO
3.500%, 07/20/2040		63		1
GNMA, Ser 2012-84, Cl TE
1.500%, 03/20/2042		990		934
GNMA, Ser 2013-129, Cl AF
4.833%, TSFR1M + 0.514%, 10/20/2039(A)		2,461		2,449
GNMA, Ser 2013-136, Cl AB
2.000%, 08/20/2027		459		454
GNMA, Ser 2013-157, Cl AE
2.500%, 10/16/2028		5,047		4,941
GNMA, Ser 2013-164, Cl CE
2.000%, 11/16/2028		2,843		2,776
GNMA, Ser 2013-166, Cl DA
3.500%, 06/20/2040		201		199
GNMA, Ser 2013-26, Cl IK, IO
3.000%, 02/16/2043		282		38
GNMA, Ser 2013-51, Cl IB, IO
3.500%, 03/20/2027		86		1
GNMA, Ser 2014-129, Cl BA
2.000%, 09/20/2029		1,732		1,679
GNMA, Ser 2014-139, Cl KA
2.000%, 09/20/2029		1,718		1,667
GNMA, Ser 2014-144, Cl DG
2.000%, 09/16/2029		3,073		3,001
GNMA, Ser 2014-146, Cl GH
2.000%, 09/20/2029		2,548		2,460
GNMA, Ser 2014-149, Cl EA
2.000%, 10/20/2029		729		712
GNMA, Ser 2014-158, Cl A
2.000%, 10/20/2029		1,548		1,500
GNMA, Ser 2014-4, Cl BI, IO
4.000%, 01/20/2044		118		23
GNMA, Ser 2014-55, Cl LB
2.500%, 10/20/2040		104		100
GNMA, Ser 2014-56, Cl BP
2.500%, 12/16/2039		685		649
GNMA, Ser 2015-119, Cl ND
2.500%, 12/20/2044		1,208		1,139
GNMA, Ser 2015-126, Cl GI, IO
3.500%, 02/16/2027		20		–
GNMA, Ser 2015-126, Cl HI, IO
4.000%, 12/16/2026		10		–
GNMA, Ser 2015-132, Cl EI, IO
6.000%, 09/20/2045		744		137
GNMA, Ser 2015-165, Cl I, IO
3.500%, 07/20/2043		525		78


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
GNMA, Ser 2015-185, Cl GI, IO
3.500%, 02/20/2041	$	21	$	–
GNMA, Ser 2015-40, Cl PA
2.000%, 04/20/2044		413		402
GNMA, Ser 2016-126, Cl KI, IO
3.000%, 09/20/2028		95		2
GNMA, Ser 2016-167, Cl AI, IO
5.500%, 03/20/2039		695		64
GNMA, Ser 2016-23, Cl CI, IO
3.500%, 04/20/2042		347		12
GNMA, Ser 2016-42, Cl EI, IO
6.000%, 02/20/2046		682		72
GNMA, Ser 2016-49, Cl PI, IO
4.500%, 11/16/2045		1,016		213
GNMA, Ser 2016-81, Cl CA
2.250%, 03/16/2045		1,038		949
GNMA, Ser 2016-91, Cl TJ
2.500%, 07/20/2046		5,079		4,524
GNMA, Ser 2016-99, Cl LI, IO
4.000%, 05/20/2029		174		1
GNMA, Ser 2017-107, Cl JI, IO
4.000%, 03/20/2047		821		144
GNMA, Ser 2017-134, Cl BI, IO
5.000%, 09/16/2047		178		39
GNMA, Ser 2017-2, Cl AI, IO
5.000%, 01/16/2047		214		45
GNMA, Ser 2017-26, Cl IA, IO
5.500%, 02/16/2047		667		96
GNMA, Ser 2017-26, Cl KI, IO
6.000%, 09/20/2040		822		127
GNMA, Ser 2017-26, Cl IB, IO
5.500%, 02/20/2047		439		67
GNMA, Ser 2017-95, Cl PG
2.500%, 12/20/2045		365		345
GNMA, Ser 2018-127, Cl PB
3.000%, 09/20/2047		1,212		1,146
GNMA, Ser 2018-6, Cl CM
2.500%, 10/20/2046		3,969		3,663
GNMA, Ser 2018-72, Cl ID, IO
4.500%, 08/20/2045		2,131		419
GNMA, Ser 2019-132, Cl NA
3.500%, 09/20/2049		2,355		2,211
GNMA, Ser 2019-43, Cl IA, IO
4.500%, 05/20/2048		1,304		191
GNMA, Ser 2019-5, Cl JI, IO
5.000%, 07/16/2044		1,864		265
GNMA, Ser 2020-17, Cl EI, IO
5.000%, 02/20/2050		1,567		331
GNMA, Ser 2020-47, Cl AC
1.500%, 04/16/2050		3,362		2,739
GNMA, Ser 2021-215, Cl KA
2.500%, 10/20/2049		2,815		2,507


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
GNMA, Ser 2022-124, Cl HA
4.000%, 12/20/2048	$	946	$	929
GNMA, Ser 2022-34, Cl QJ
3.000%, 02/20/2052		2,412		2,239
GNMA, Ser 2022-75, Cl DA
4.000%, 09/20/2047		3,994		3,921
GNMA, Ser 2022-76, Cl GA
4.000%, 03/20/2052		4,504		4,407
GNMA, Ser 2022-87, Cl CA
2.500%, 09/20/2036		9,492		8,956
GNMA, Ser 2023-112, Cl NA
6.000%, 11/20/2052		1,042		1,064
UMBS TBA
5.500%, 05/15/2055		3,400		3,393


Total Mortgage-Backed Securities
(Cost $428,170) ($ Thousands)				427,674



U.S. TREASURY OBLIGATIONS — 21.7%
U.S. Treasury Inflation Indexed Notes
1.750%, 01/15/2034		3,919		3,880
1.375%, 07/15/2033		3,546		3,436
U.S. Treasury Notes
4.375%, 12/15/2026		47,475		47,981
4.000%, 02/15/2026 (B)		45,200		45,191
2.125%, 05/31/2026		31,400		30,824

Total U.S. Treasury Obligations
(Cost $130,714) ($ Thousands)				131,312



REPURCHASE AGREEMENTS(C) — 3.0%
BNP Paribas
4.370%, dated 04/30/2025 to be repurchased on 05/01/2025, repurchase price $15,001,820 (collateralized by U.S. Government obligations, ranging in par value $1,000 - $95,935,979, 1.820% - 7.500%, 03/01/2025 – 04/01/2055; with a total market value $15,300,000)		15,000		15,000


Description	Face Amount (Thousands)		Market Value ($ Thousands)
REPURCHASE AGREEMENTS(C) (continued)
Deutsche Bank
4.380%, dated 04/30/2025 to be repurchased on 05/01/2025, repurchase price $3,000,365 (collateralized by a U.S. Government obligation, par value $4,291,000, 2.500%, 05/15/2046; with total market value $3,060,003)	$	3,000	$	3,000

Total Repurchase Agreements
(Cost $18,000) ($ Thousands)				18,000


Total Investments in Securities — 95.4%
(Cost $576,884) ($ Thousands)			$	576,986

	Percentages are based on Net Assets of $605,118 ($ Thousands).
(A)	Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.
(B)	Security, or a portion thereof, has been pledged as collateral on open futures contracts.
(C)	Tri-Party Repurchase Agreement.

See “Glossary” for abbreviations.


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES — 97.7%
Agency Mortgage-Backed Obligations — 97.7%
FHLMC Multifamily Structured Pass-Through Certificates, Ser K066, Cl X1, IO
0.868%, 06/25/2027(A)	$	1,532	$	19
FHLMC Multifamily Structured Pass-Through Certificates, Ser K110, Cl X1, IO
1.760%, 04/25/2030(A)		563		36
FHLMC Multifamily Structured Pass-Through Certificates, Ser K116, Cl X1, IO
1.520%, 07/25/2030(A)		688		40
FHLMC Multifamily Structured Pass-Through Certificates, Ser K123, Cl X1, IO
0.858%, 12/25/2030(A)		1,012		35
FHLMC Multifamily Structured Pass-Through Certificates, Ser K1520, Cl X1, IO
0.577%, 02/25/2036(A)		599		21
FHLMC Multifamily Structured Pass-Through Certificates, Ser K737, Cl X1, IO
0.727%, 10/25/2026(A)		1,874		14
FHLMC REMIC, Ser 2011-3930, Cl AI, IO
3.500%, 09/15/2026		22		–
FHLMC REMIC, Ser 2012-4018, Cl AI, IO
3.500%, 03/15/2027		9		–
FHLMC REMIC, Ser 2013-4166, Cl PI, IO
3.500%, 03/15/2041		41		1
FHLMC REMIC, Ser 2013-4176, Cl KI, IO
4.000%, 03/15/2028		29		–
FHLMC REMIC, Ser 2013-4178, Cl MI, IO
2.500%, 03/15/2028		53		1
FHLMC REMIC, Ser 2013-4182, Cl IE, IO
2.500%, 03/15/2028		60		2
FHLMC REMIC, Ser 2013-4199, Cl QI, IO
2.500%, 05/15/2028		81		2
FHLMC REMIC, Ser 2015-4484, Cl Cl, IO
4.000%, 07/15/2030		135		7
FHLMC REMIC, Ser 2016-4624, Cl BI, IO
5.500%, 04/15/2036		88		16
FHLMC REMIC, Ser 2017-4731, Cl LB
3.000%, 11/15/2047		167		131
FHLMC Seasoned Credit Risk Transfer Trust, Ser 2019-3, Cl MT
3.500%, 10/25/2058		166		149
FHLMC, Ser 2014-324, Cl C18, IO
4.000%, 12/15/2033		164		15
FNMA
8.000%, 03/01/2027 to 09/01/2028		3		3
6.500%, 09/01/2032		12		12
FNMA Interest, Ser 2012-410, Cl C6, IO
4.000%, 05/25/2027		6		–
FNMA REMIC, Ser 2010-126, Cl NI, IO
5.500%, 11/25/2040		98		12
FNMA REMIC, Ser 2012-53, Cl BI, IO
3.500%, 05/25/2027		9		–


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
FNMA REMIC, Ser 2012-93, Cl IL, IO
3.000%, 09/25/2027	$	55	$	1
FNMA REMIC, Ser 2012-98, Cl BI, IO
6.000%, 01/25/2042		52		3
FNMA REMIC, Ser 2014-68, Cl ID, IO
3.500%, 03/25/2034		150		6
FNMA REMIC, Ser 2015-21, Cl WI, IO
2.027%, 04/25/2055(A)		71		3
FNMA REMIC, Ser 2016-3, Cl JI, IO
3.500%, 02/25/2031		5		–
FNMA REMIC, Ser 2016-71, Cl IN, IO
3.500%, 10/25/2046		47		9
FNMA REMIC, Ser 2017-110, Cl PB
3.000%, 02/25/2057		79		59
FNMA REMIC, Ser 2018-13, Cl MP
3.500%, 12/25/2057		195		186
FNMA REMIC, Ser 2018-25, Cl AL
3.500%, 04/25/2048		49		43
FNMA, Ser 2019-M21, Cl X1, IO
1.578%, 05/25/2029(A)		901		36
FNMA, Ser 2020-M2, Cl X, IO
0.381%, 01/25/2030(A)		782		7
GNMA
8.000%, 05/15/2027 to 03/15/2032		25		25
7.500%, 02/15/2027 to 10/15/2035		22		23
6.500%, 02/15/2027 to 10/20/2054		95		100
6.000%, 04/15/2028 to 09/20/2054		169		171
5.500%, 01/15/2033 to 02/15/2041		425		436
5.000%, 06/15/2033 to 07/15/2052		828		833
4.500%, 08/15/2033 to 08/20/2049		1,394		1,367
4.000%, 03/20/2040 to 09/20/2048		1,502		1,427
3.875%, 05/15/2042 to 08/15/2042		542		515
3.500%, 03/20/2041 to 02/20/2049		1,956		1,794
3.000%, 04/20/2045 to 12/20/2050		1,546		1,382
2.500%, 09/20/2045 to 05/20/2051		1,722		1,477
2.000%, 08/20/2050 to 12/20/2050		2,140		1,747
GNMA TBA
2.500% - 6.500%, 1/15/2033 - 2/15/2053		204		287
2.500% - 5.500%, 5/15/2046 - 6/15/2055		102		73
GNMA, Ser 2010-57, Cl TI, IO
5.000%, 05/20/2040		220		40
GNMA, Ser 2012-113, Cl BZ
3.000%, 09/16/2042		225		188
GNMA, Ser 2012-126, Cl IO, IO
3.500%, 10/20/2042		182		23
GNMA, Ser 2012-51, Cl GI, IO
3.500%, 07/20/2040		42		1
GNMA, Ser 2012-69, Cl AI, IO
4.500%, 05/16/2027		1		–
GNMA, Ser 2013-149, Cl LZ
2.500%, 10/20/2043		52		45


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
GNMA, Ser 2013-169, Cl ZK
2.500%, 11/20/2043	$	59	$	51
GNMA, Ser 2013-26, Cl IK, IO
3.000%, 02/16/2043		185		25
GNMA, Ser 2013-99, Cl AX
3.000%, 07/20/2043(B)		50		45
GNMA, Ser 2014-122, Cl IP, IO
3.500%, 08/16/2029		88		3
GNMA, Ser 2014-144, Cl BI, IO
3.000%, 09/16/2029		30		1
GNMA, Ser 2014-21, Cl DI, IO
4.000%, 04/16/2026		22		–
GNMA, Ser 2015-18, Cl IC, IO
3.500%, 02/16/2030		60		2
GNMA, Ser 2015-185, Cl GI, IO
3.500%, 02/20/2041		14		–
GNMA, Ser 2015-24, Cl CI, IO
3.500%, 02/20/2045		115		18
GNMA, Ser 2015-62, Cl CI, IO
4.500%, 05/20/2045		121		27
GNMA, Ser 2015-84, Cl IO, IO
3.500%, 05/16/2042		191		28
GNMA, Ser 2016-126, Cl KI, IO
3.000%, 09/20/2028		63		1
GNMA, Ser 2016-136, Cl PJ
3.500%, 01/20/2046		358		299
GNMA, Ser 2016-161, Cl GI, IO
5.000%, 11/16/2046		88		13
GNMA, Ser 2016-167, Cl AI, IO
5.500%, 03/20/2039		180		17
GNMA, Ser 2016-23, Cl CI, IO
3.500%, 04/20/2042		227		8
GNMA, Ser 2016-42, Cl EI, IO
6.000%, 02/20/2046		182		19
GNMA, Ser 2016-49, Cl PZ
3.000%, 11/16/2045		254		186
GNMA, Ser 2016-99, Cl LI, IO
4.000%, 05/20/2029		71		–
GNMA, Ser 2017-107, Cl JI, IO
4.000%, 03/20/2047		278		49
GNMA, Ser 2017-130, Cl IO, IO
4.500%, 02/20/2040		123		22
GNMA, Ser 2017-134, Cl BI, IO
5.000%, 09/16/2047		80		18
GNMA, Ser 2017-134, Cl CG
2.500%, 09/20/2047		80		68
GNMA, Ser 2017-163, Cl YA
2.500%, 11/20/2047		225		187
GNMA, Ser 2017-182, Cl LZ
3.000%, 12/20/2047		156		96
GNMA, Ser 2017-2, Cl AI, IO
5.000%, 01/16/2047		138		29


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
GNMA, Ser 2019-43, Cl IA, IO
4.500%, 05/20/2048	$	112	$	16
GNMA, Ser 2020-115, Cl YA
1.000%, 08/20/2050		49		37
GNMA, Ser 2020-74, Cl IC, IO
3.000%, 05/20/2035		293		15


Total Mortgage-Backed Securities
(Cost $15,500) ($ Thousands)				14,103



U.S. TREASURY OBLIGATION — 0.7%
U.S. Treasury Inflation Indexed Notes
1.750%, 01/15/2034		104		103

Total U.S. Treasury Obligation
(Cost $101) ($ Thousands)				103



REPURCHASE AGREEMENT(C) — 3.5%
BNP Paribas
4.370%, dated 04/30/2025 to be repurchased on 05/01/2025, repurchase price $500,061 (collateralized by U.S. Government obligations, ranging in par value $1,000 - $256,444, 2.000% - 7.500%, 05/01/2034 – 04/01/2055; with total market value $510,000)		500		500
Total Repurchase Agreement
(Cost $500) ($ Thousands)				500


Total Investments in Securities — 101.9%
(Cost $16,101) ($ Thousands)			$	14,706

	Percentages are based on Net Assets of $14,429 ($ Thousands).
(A)	Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.
(B)	Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect.
(C)	Tri-Party Repurchase Agreement.

See “Glossary” for abbreviations.

Glossary (abbreviations which are used in the preceding Schedules of Investments):

Portfolio Abbreviations

ARM — Adjustable Rate Mortgage

Cl — Class

CLO — Collateralized Loan Obligation

DAC — Designated Activity Company

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

GNMA — Government National Mortgage Association

GO — General Obligation

IO — Interest Only — face amount represents notional amount

MTN — Medium Term Note

RB — Revenue Bond

REMIC — Real Estate Mortgage Investment Conduit

Ser — Series

SOFR — Secured Overnight Financing Rate

SOFR30A — Secured Overnight Financing Rate 30-day Average

SOFRINDX — Secured Overnight Financing Rate Index

TBA — To Be Announced

A list of the open futures contracts held by the Fund at April 30, 2025, is as follows:

Type of Contract	Number of Contracts		Expiration Date		Notional Amount (Thousands)			Value (Thousands)			Unrealized Appreciation (Depreciation)(Thousands)
Long Contracts
U.S. 2-Year Treasury Note		35		Jun-2025	$	7,232		$	7,285		$	53


Short Contracts
U.S. 10-Year Treasury Note		(19)		Jun-2025	$	(2,089	)	$	(2,132	)	$	(43	)
					$	5,143		$	5,153		$	10

A list of the open futures contracts held by the Fund at April 30, 2025, is as follows:

Type of Contract	Number of Contracts		Expiration Date		Notional Amount (Thousands)			Value (Thousands)			Unrealized Appreciation (Depreciation)(Thousands)
Long Contracts
U.S. 2-Year Treasury Note		1,076		Jun-2025	$	221,863		$	223,968		$	2,105
U.S. Long Treasury Bond		12				1,394			1,400			6
						223,257			225,368			2,111
Short Contracts
U.S. 5-Year Treasury Note		(242)		Jun-2025	$	(25,944	)	$	(26,425	)	$	(481	)
U.S. 10-Year Treasury Note		(413)		Jun-2025		(45,348	)		(46,347	)		(999	)
Ultra 10-Year U.S. Treasury Note		(281)		Jun-2025		(31,671	)		(32,240	)		(569	)
						(102,963	)		(105,012	)		(2,049	)
					$	120,294		$	120,356		$	62

A list of the open futures contracts held by the Fund at April 30, 2025, is as follows:

Type of Contract	Number of Contracts		Expiration Date		Notional Amount (Thousands)			Value (Thousands)			Unrealized Appreciation (Depreciation)(Thousands)
Long Contracts
U.S. 5-Year Treasury Note		4		Jun-2025	$	428		$	437		$	9
U.S. Ultra Long Treasury Bond		3		Jun-2025		359			363			4
						787			800			13
Short Contracts
U.S. 10-Year Treasury Note		(2)		Jun-2025	$	(223	)	$	(225	)	$	(2	)
U.S. Long Treasury Bond		(6)				(697	)		(700	)		(3	)
						(920	)		(925	)		(5	)
					$	(133	)	$	(125	)	$	8