Thrivent Series Fund, Inc.

Date: November 23, 2016

THRIVENT SERIES FUND, INC.

/s/ David S. Royal

David S. Royal


Shares		Common Stock (55.9%)	Value
	Consumer Discretionary (8.5%)
	17,045	Aaron’s, Inc.		$433,284
	17,806	Amazon.com, Inc.^a		14,909,142
	1,410	American Axle & Manufacturing Holdings, Inc.^a		24,280
	2,111	American Public Education, Inc.^a		41,819
	2,850	Aramark		108,385
	1,150	Armstrong Flooring, Inc.^a		21,712
	1,360	Ascent Capital Group, Inc.^a		31,511
	3,640	AutoZone, Inc.^a		2,796,758
	8,660	Barnes & Noble, Inc.		97,858
	200	Bayerische Motoren Werke AG		14,761
	2,730	Beazer Homes USA, Inc.^a		31,832
	8,400	Bed Bath & Beyond, Inc.		362,124
	2,000	Berkeley Group Holdings plc		66,827
	2,000	Best Buy Company, Inc.		76,360
	1,430	Big 5 Sporting Goods Corporation		19,477
	6,400	Bloomin’ Brands, Inc.		110,336
	3,220	BorgWarner, Inc.		113,280
	300	Brembo SPA		17,902
	2,400	Bridgestone Corporation		88,425
	32,837	Brunswick Corporation		1,601,789
	260	Buffalo Wild Wings, Inc.^a		36,592
	1,210	Bunzl plc		35,681
	19,496	Burlington Stores, Inc.^a		1,579,566
	7,020	Caleres, Inc.		177,536
	5,940	Callaway Golf Company		68,963
	2,000	Calsonic Kansei Corporation		18,527
	9,320	Carter’s, Inc.		808,137
	8,776	Cedar Fair, LP		502,777
	8,250	Cheesecake Factory, Inc.		412,995
	1,240	Chuy’s Holdings, Inc.^a		34,646
	4,290	Cinemark Holdings, Inc.		164,221
	2,000	Cineworld Group plc		15,026
	1,340	ClubCorp Holdings, Inc.		19,390
	76,048	Comcast Corporation		5,045,024
	600	Compass Group plc		11,620
	36,391	Core-Mark Holding Company, Inc.		1,302,798
	3,292	CSS Industries, Inc.		84,209
	3,893	Culp, Inc.		115,895
	15,970	Dana, Inc.		248,972
	6,600	Debenhams plc		4,767
	810	Deckers Outdoor Corporation^a		48,235
	11,349	Delphi Automotive plc		809,411
	3,000	Denso Corporation		119,714
	2,740	DeVry Education Group, Inc.		63,184
	2,380	Discovery Communications, Inc., Class A^a		64,070
	13,300	Dish DBS Corporation^a		728,574
	6,200	Dollar General Corporation		433,938
	22,846	Dollar Tree, Inc.^a		1,803,235
	5,330	Domino’s Pizza, Inc.		809,360
	11,100	DSW, Inc.		227,328
	36,810	Duluth Holdings, Inc.^a		975,833
	800	EchoStar Corporation^a		35,064
	6,570	Etsy, Inc.^a		93,820
	2,700	Eutelsat Communications		55,883
	5,938	Expedia, Inc.		693,083
	5,835	Finish Line, Inc.		134,672
	2,700	Fuji Heavy Industries, Ltd.		101,303
	9,030	Gentex Corporation		158,567
	21,016	G-III Apparel Group, Ltd.^a		612,616
	32,310	GNC Holdings, Inc.		659,770
	4,000	Gunze, Ltd.		12,923
	700	Hakuhodo Dy Holdings, Inc.		8,204
	6,650	Harley-Davidson, Inc.		349,724
	10,866	Harman International Industries, Inc.		917,634


Shares		Common Stock (55.9%)	Value
	Consumer Discretionary (8.5%) - continued
	4,492	Haverty Furniture Companies, Inc.		$90,020
	200	Hennes & Mauritz AB		5,645
	42,470	Home Depot, Inc.		5,465,040
	6,700	Honda Motor Company, Ltd.		193,364
	22,220	Houghton Mifflin Harcourt Company^a		297,970
	1,290	HSN, Inc.		51,342
	3,800	Inchcape plc		32,424
	3,900	Interpublic Group of Companies, Inc.		87,165
	600	Intertek Group plc		27,086
	3,000	Interval Leisure Group, Inc.		51,510
	1,500	Jack in the Box, Inc.		143,910
	1,980	John Wiley and Sons, Inc.		102,188
	30,437	Kate Spade & Company^a		521,386
	1,700	Kingfisher plc		8,294
	100	Koito Manufacturing Company, Ltd.		4,867
	200	KOMERI Company, Ltd.		4,867
	5,726	L Brands, Inc.		405,229
	49,350	Las Vegas Sands Corporation		2,839,599
	6,205	La-Z-Boy, Inc.		152,395
	760	Lear Corporation		92,127
	16,830	Liberty Interactive Corporation^a		336,768
	229	Linamar Corporation		9,562
	11,662	Lithia Motors, Inc.		1,113,954
	16,640	LKQ Corporation^a		590,054
	6,410	Lowe’s Companies, Inc.		462,866
	1,300	Lululemon Athletica, Inc.^a		79,274
	200	LVMH Moet Hennessy Louis Vuitton SE		34,102
	1,000	Marks and Spencer Group plc		4,290
	14,410	Masonite International Corporation^a		895,870
	17,395	MDC Partners, Inc.		186,474
	2,180	Meredith Corporation		113,338
	920	Meritage Homes Corporation^a		31,924
	360	Mohawk Industries, Inc.^a		72,122
	430	Monro Muffler Brake, Inc.		26,303
	550	Murphy USA, Inc.^a		39,248
	2,545	New Media Investment Group, Inc.		39,447
	33,370	Newell Brands, Inc.		1,757,264
	5,950	News Corporation, Class A		83,181
	200	Nifco, Inc.		10,625
	38,830	NIKE, Inc.		2,044,400
	300	Nokian Renkaat Oyj		10,938
	30,954	Nord Anglia Education, Inc.^a		674,178
	84,730	Nutrisystem, Inc.		2,515,634
	3,494	O’Reilly Automotive, Inc.^a		978,704
	22,090	Oxford Industries, Inc.		1,495,493
	22,350	Papa John’s International, Inc.		1,762,298
	49,140	Papa Murphy’s Holdings, Inc.^a		316,953
	19,740	Penn National Gaming, Inc.^a		267,872
	4,100	Persimmon plc		96,401
	850	Priceline Group, Inc.^a		1,250,766
	11,639	PVH Corporation		1,286,110
	3,649	Ralph Lauren Corporation		369,060
	3,030	Rent-A-Center, Inc.		38,299
	6,927	Restoration Hardware Holdings, Inc.^a		239,536
	1,930	Retailmenot, Inc.^a		19,088
	27,186	Ross Stores, Inc.		1,748,060
	2,590	Royal Caribbean Cruises, Ltd.		194,120
	100	RTL Group SA		8,308
	3,350	Ruth’s Hospitality Group, Inc.		47,302
	3,150	Sally Beauty Holdings, Inc.^a		80,892
	9,800	Scripps Networks Interactive, Inc.		622,202
	900	Sekisui House, Ltd.		15,333
	4,680	Select Comfort Corporation^a		101,088
	1,000	SHOWA Corporation		5,269
	4,810	Signet Jewelers, Ltd.		358,489


Shares		Common Stock (55.9%)	Value
	Consumer Discretionary (8.5%) - continued
	500	Sky plc		$5,795
	3,052	Sportsman’s Warehouse Holdings, Inc.^a		32,107
	4,380	Staples, Inc.		37,449
	37,840	Starbucks Corporation		2,048,658
	5,644	Stein Mart, Inc.		35,839
	1,820	Steven Madden, Ltd.^a		62,899
	2,700	Sumitomo Forestry Company, Ltd.		36,136
	1,700	Sumitomo Rubber Industries, Ltd.		25,714
	100	Swatch Group AG		5,568
	2,440	Tailored Brands, Inc.		38,308
	3,100	Tatts Group, Ltd.		8,713
	4,160	Tegna, Inc.		90,938
	8,360	Tempur-Pedic International, Inc.^a		474,346
	7,703	Tenneco, Inc.^a		448,854
	1,720	Tiffany & Company		124,924
	27,081	Time, Inc.		392,133
	16,730	TJX Companies, Inc.		1,251,069
	35,346	Toll Brothers, Inc.^a		1,055,432
	10,577	Tower International, Inc.		254,906
	100	Toyota Motor Corporation		5,801
	43,696	Tuesday Morning Corporation^a		261,302
	560	Tupperware Brands Corporation		36,607
	1,549	Ulta Salon Cosmetics & Fragrance, Inc.^a		368,631
	4,790	Under Armour, Inc., Class A^a		185,277
	4,823	Under Armour, Inc., Class C^a		163,307
	7,035	Vail Resorts, Inc.		1,103,651
	100	Valora Holding AG		28,497
	4,180	Vera Bradley, Inc.^a		63,327
	7,039	VF Corporation		394,536
	1,820	Visteon Corporation		130,421
	3,550	Vitamin Shoppe, Inc.^a		95,317
	2,000	Wacoal Holdings Corporation		22,576
	23,950	Walt Disney Company		2,223,997
	2,650	Whirlpool Corporation		429,724
	300	Whitbread plc		15,226
	24,800	Wingstop, Inc.		726,640
	2,410	Wolters Kluwer NV		103,031
	1,900	WPP plc		44,660
	1,000	Yokohama Rubber Company, Ltd.		16,007
	6,850	Yum! Brands, Inc.		622,048
	19,880	Zoe’s Kitchen, Inc.^a		441,137

		Total		88,492,744


	Consumer Staples (2.1%)
	19,485	AdvancePierre Foods Holdings, Inc.		537,007
	1,500	Axfood AB		26,481
	5,900	Blue Buffalo Pet Products, Inc.^a		140,184
	642	British American Tobacco plc		40,944
	6,670	Brown-Forman Corporation		316,425
	7,500	Campbell Soup Company		410,250
	9,692	Casey’s General Stores, Inc.		1,164,494
	33,660	Coca-Cola Company		1,424,491
	2,500	Coca-Cola HBC AG		58,079
	49,610	CVS Health Corporation		4,414,794
	5,346	e.l.f. Beauty, Inc.^a		150,330
	500	Ebro Foods SA		11,630
	9,240	Estee Lauder Companies, Inc.		818,294
	22,790	Flowers Foods, Inc.		344,585
	2,990	General Mills, Inc.		191,001
	85	George Weston, Ltd.		7,090
	18,236	Hain Celestial Group, Inc.^a		648,837
	500	Henkel AG & Company KGaA		58,317
	4,030	Imperial Brands plc		207,426
	5,950	Ingredion, Inc.		791,707


Shares		Common Stock (55.9%)	Value
	Consumer Staples (2.1%) - continued
	1,014	J & J Snack Foods Corporation		$120,788
	600	Jeronimo Martins SGPS SA		10,399
	500	Kao Corporation		28,269
	300	Kesko Oyj		13,821
	1,150	Kimberly-Clark Corporation		145,061
	7,141	Koninklijke Ahold Delhaize NV		162,644
	700	Lancaster Colony Corporation		92,463
	3,300	Molson Coors Brewing Company		362,340
	8,669	Monster Beverage Corporation^a		1,272,696
	800	Nestle SA		63,171
	3,860	PepsiCo, Inc.		419,852
	2,291	Philip Morris International, Inc.		222,731
	18,960	Pinnacle Foods, Inc.		951,223
	173	Premium Brands Holdings Corporation		8,149
	6,020	Procter & Gamble Company		540,295
	7,402	SpartanNash Company		214,066
	700	Suedzucker AG		19,468
	8,256	United Natural Foods, Inc.^a		330,570
	340	Universal Corporation		19,795
	26,110	Walgreens Boots Alliance, Inc.		2,104,988
	56,050	WhiteWave Foods Company^a		3,050,801

		Total		21,915,956


	Energy (7.3%)
	2,310	Anadarko Petroleum Corporation		146,362
	22,720	Archrock, Inc.		297,178
	7,516	Atwood Oceanics, Inc.		65,314
	78,943	Baker Hughes, Inc.		3,984,253
	1,955	Baytex Energy Corporation^a		8,300
	48,809	BP plc		284,493
	5,677	Bristow Group, Inc.		79,592
	1,810	California Resources Corporation^a		22,625
	107,718	Callon Petroleum Company^a		1,691,173
	90,950	Canadian Natural Resources, Ltd.		2,914,038
	59,670	Chevron Corporation		6,141,236
	12,430	Cimarex Energy Company		1,670,219
	1,557	Clayton Williams Energy, Inc.^a		133,030
	14,360	Clean Energy Fuels Corporation^a		64,189
	294,556	Cobalt International Energy, Inc.^a		365,249
	25,597	Concho Resources, Inc.^a		3,515,748
	25,960	ConocoPhillips		1,128,481
	35,715	Continental Resources, Inc.^a		1,855,751
	8,270	Delek US Holdings, Inc.		142,988
	8,300	Devon Energy Corporation		366,113
	5,190	Diamond Offshore Drilling, Inc.		91,396
	11,196	Diamondback Energy, Inc.^a		1,080,862
	26,950	Ensco plc		229,075
	44,840	EOG Resources, Inc.		4,336,476
	8,880	EP Energy Corporation^a		38,894
	67,881	EQT Corporation		4,929,518
	24,230	Exxon Mobil Corporation		2,114,794
	5,800	Frank’s International NV		75,400
	4,370	Green Plains, Inc.		114,494
	1,370	Gulfport Energy Corporation^a		38,703
	25,410	Halliburton Company		1,140,401
	6,799	HollyFrontier Corporation		166,576
	6,990	Hornbeck Offshore Services, Inc.^a		38,445
	3,030	Kinder Morgan, Inc.		70,084
	188,978	Marathon Oil Corporation		2,987,742
	105,320	Marathon Petroleum Corporation		4,274,939
	1,930	Murphy Oil Corporation		58,672
	59,460	Nabors Industries, Ltd.		723,034
	1,110	Newfield Exploration Company^a		48,241
	1,635	Noble Energy, Inc.		58,435
	10,061	Oasis Petroleum, Inc.^a		115,400


Shares		Common Stock (55.9%)	Value
	Energy (7.3%) - continued
	2,040	Oceaneering International, Inc.		$56,120
	2,680	Oil States International, Inc.^a		84,608
	2,222	OMV AG		63,976
	65,750	Parsley Energy, Inc.^a		2,203,283
	67,985	Patterson-UTI Energy, Inc.		1,520,824
	310	PDC Energy, Inc.^a		20,789
	12,254	Pioneer Energy Services Corporation^a		49,506
	10,220	Pioneer Natural Resources Company		1,897,343
	69,190	Rowan Companies plc		1,048,920
	1,976	Royal Dutch Shell plc		49,311
	50,335	Royal Dutch Shell plc ADR		2,520,273
	84	Royal Dutch Shell plc, Class A		2,090
	4,500	Royal Dutch Shell plc, Class B		116,665
	34,785	RPC, Inc.^a		584,388
	4,540	RSP Permian, Inc.^a		176,061
	65,908	Schlumberger, Ltd.		5,183,005
	3,770	SemGroup Corporation		133,307
	870	SM Energy Company		33,565
	1,903	Statoil ASA		31,948
	146,780	Suncor Energy, Inc. ADR		4,077,548
	1,710	Superior Energy Services, Inc.		30,609
	4,280	Teekay Corporation		32,999
	9,830	Teekay Tankers, Ltd.		24,870
	5,667	Tesco Corporation		46,243
	14,000	TETRA Technologies, Inc.^a		85,540
	1,767	Total SA		84,040
	29,236	U.S. Silica Holdings, Inc.		1,361,228
	316,140	Weatherford International plc^a		1,776,707
	377,610	WPX Energy, Inc.^a		4,980,676

		Total		75,884,355


	Financials (5.2%)
	9,155	Affiliated Managers Group, Inc.^a		1,324,728
	1,000	AIA Group, Ltd.		6,725
	1,900	Allianz SE		282,361
	10,780	Allied World Assurance Company Holdings AG		435,728
	1,240	American Capital Mortgage Investment Corporation		21,316
	1,030	American Financial Group, Inc.		77,250
	2,450	American International Group, Inc.		145,383
	28,971	Ameris Bancorp		1,012,536
	2,800	AMERISAFE, Inc.		164,584
	10,490	Anworth Mortgage Asset Corporation		51,611
	11,241	Argo Group International Holdings, Ltd.		634,217
	8,345	Aspen Insurance Holdings, Ltd.		388,794
	1,670	Associated Banc-Corp		32,715
	50,760	Assured Guaranty, Ltd.		1,408,590
	4,200	Australia & New Zealand Banking Group, Ltd.		89,467
	7,200	Banco Santander SA		31,942
	25,650	BancorpSouth, Inc.		595,080
	28,560	Bank of America Corporation		446,964
	5,200	Bank of East Asia, Ltd.		21,223
	1,003	Bank of Montreal		65,725
	8,930	Bank of New York Mellon Corporation		356,128
	3,441	Bank of Nova Scotia		182,338
	22,722	Bank of the Ozarks, Inc.		872,525
	2,110	BankFinancial Corporation		26,797
	22,890	BB&T Corporation		863,411
	9,830	Beneficial Bancorp, Inc.		144,599
	7,550	Blackstone Group, LP		192,751
	23,790	Boston Private Financial Holdings, Inc.		305,226
	8,630	Brookline Bancorp, Inc.		105,200


Shares		Common Stock (55.9%)	Value
	Financials (5.2%) - continued
	8,980	Brown & Brown, Inc.		$338,636
	101	Canadian Imperial Bank of Commerce		7,832
	364	Canadian Western Bank		7,006
	2,350	Capital One Financial Corporation		168,800
	29,330	Capstead Mortgage Corporation		276,582
	3,230	Cathay General Bancorp		99,419
	8,450	Central Pacific Financial Corporation		212,855
	4,520	Charles Schwab Corporation		142,696
	13,063	Chemical Financial Corporation		576,470
	2,000	Chiba Bank, Ltd.		11,358
	1,380	Chubb, Ltd.		173,397
	1,235	CI Financial Corporation		23,694
	11,130	Citigroup, Inc.		525,670
	2,540	Clifton Bancorp, Inc.		38,837
	2,400	CNP Assurances		40,322
	38,956	CoBiz Financial, Inc.		518,504
	4,371	Columbia Banking System, Inc.		143,019
	7,460	Comerica, Inc.		353,007
	400	Danske Bank AS		11,702
	7,640	Direct Line Insurance Group plc		36,089
	36,190	E*TRADE Financial Corporation^a		1,053,853
	17,518	East West Bancorp, Inc.		643,086
	530	Eaton Vance Corporation		20,696
	4,967	Employers Holdings, Inc.		148,166
	2,580	Endurance Specialty Holdings, Ltd.		168,861
	2,810	Enova International, Inc.^a		27,201
	2,200	Erste Group Bank AG		65,146
	27,499	Essent Group, Ltd.^a		731,748
	14,683	Evercore Partners, Inc.		756,321
	400	EXOR SPA		16,197
	4,500	F.N.B. Corporation		55,350
	5,640	Federated Investors, Inc.		167,113
	41,800	Fifth Third Bancorp		855,228
	2,150	First American Financial Corporation		84,452
	13,010	First Commonwealth Financial Corporation		131,271
	3,090	First Financial Bancorp		67,486
	1,340	First Financial Corporation		54,511
	3,980	First Horizon National Corporation		60,615
	1,070	First Merchants Corporation		28,622
	24,840	First Midwest Bancorp, Inc.		480,902
	1,640	First NBC Bank Holding Company^a		15,482
	30,518	First Republic Bank		2,353,243
	10,500	FlexiGroup, Ltd.		18,748
	1,580	Franklin Resources, Inc.		56,201
	16,000	Fukuoka Financial Group, Inc.		66,501
	14,310	Genworth Financial, Inc.^a		70,978
	579	Genworth MI Canada, Inc.		14,899
	3,771	Glacier Bancorp, Inc.		107,549
	17,060	Goldman Sachs Group, Inc.		2,751,266
	15,370	Great Western Bancorp, Inc.		512,128
	8,625	Green Bancorp, Inc.^a		94,271
	4,250	Greenhill & Company, Inc.		100,172
	7,170	Hancock Holding Company		232,523
	2,000	Hang Seng Bank, Ltd.		35,903
	58,392	Hanmi Financial Corporation		1,538,045
	900	Hannover Rueckversicherung SE		96,476
	4,030	Hanover Insurance Group, Inc.		303,943
	3,360	Hartford Financial Services Group, Inc.		143,875
	12,800	Henderson Group plc		38,424
	9,584	Home BancShares, Inc.		199,443
	810	HomeStreet, Inc.^a		20,299
	1,160	Hometrust Bancshares, Inc.^a		21,460
	30,061	Hope Bancorp, Inc.		522,160


Shares		Common Stock (55.9%)	Value
	Financials (5.2%) - continued
	17,550	Horace Mann Educators Corporation		$643,207
	16,004	Houlihan Lokey, Inc.		400,900
	100,400	Huntington Bancshares, Inc.		989,944
	1,928	Infinity Property & Casualty Corporation		159,311
	520	Intact Financial Corporation		37,590
	5,729	Intercontinental Exchange, Inc.		1,543,163
	6,830	Invesco, Ltd.		213,574
	10,100	Investec plc		61,567
	13,570	Investors Bancorp, Inc.		162,976
	62,473	Janus Capital Group, Inc.		875,247
	107,400	KeyCorp		1,307,058
	23,017	Kinsale Capital Group, Inc.		506,374
	660	Lazard, Ltd.		23,998
	2,034	Lincoln National Corporation		95,557
	2,110	LPL Financial Holdings, Inc.		63,110
	6,620	M&T Bank Corporation		768,582
	1,400	Macquarie Group, Ltd.		88,542
	110	Markel Corporation^a		102,165
	5,980	MetLife, Inc.		265,691
	32,800	Mizuho Financial Group, Inc.		55,282
	7,840	Morgan Stanley		251,350
	600	MS and AD Insurance Group Holdings, Inc.		16,723
	600	National Australia Bank, Ltd.		12,898
	19,360	National Bank Holdings Corporation		452,443
	3,854	National Bank of Canada		136,658
	640	Navigators Group, Inc.		62,029
	2,790	NMI Holdings, Inc.^a		21,260
	1,800	Nordea Bank AB		17,875
	560	Northern Trust Corporation		38,074
	5,420	NorthStar Realty Europe Corporation		59,349
	2,700	Old Mutual plc		7,077
	26,549	PacWest Bancorp		1,139,218
	460	Piper Jaffray Companies^a		22,218
	2,348	Power Corporation of Canada		49,736
	333	Power Financial Corporation		7,716
	16,210	Primerica, Inc.		859,616
	4,690	Principal Financial Group, Inc.		241,582
	400	Prosperity Bancshares, Inc.		21,956
	8,420	Provident Financial Services, Inc.		178,757
	20,858	Raymond James Financial, Inc.		1,214,144
	1,430	Redwood Trust, Inc.		20,249
	12,911	Renasant Corporation		434,197
	393	Safety Insurance Group, Inc.		26,417
	4,661	Sandy Spring Bancorp, Inc.		142,533
	430	Schroders plc		15,016
	1,160	SEI Investments Company		52,908
	207,180	SLM Corporation^a		1,547,635
	5,210	Stewart Information Services Corporation		231,584
	41,088	Stifel Financial Corporation^a		1,579,834
	6,920	SunTrust Banks, Inc.		303,096
	14,129	SVB Financial Group^a		1,561,820
	1,500	Swiss Re AG		135,478
	8,400	Synchrony Financial		235,200
	26,140	Synovus Financial Corporation		850,334
	3,800	T&D Holdings, Inc.		42,868
	300	Talanx AG		9,155
	21,400	TCF Financial Corporation		310,514
	29,549	TD Ameritrade Holding Corporation		1,041,307
	1,150	Territorial Bancorp, Inc.		32,959
	200	Tokio Marine Holdings, Inc.		7,670
	630	Toronto-Dominion Bank		27,967
	2,740	TriCo Bancshares		73,350
	22,320	TrustCo Bank Corporation		158,249


Shares		Common Stock (55.9%)	Value
	Financials (5.2%) - continued
	1,050	Trustmark Corporation		$28,938
	1,480	Union Bankshares Corporation		39,620
	540	United Bankshares, Inc.		20,342
	16,810	United Community Banks, Inc.		353,346
	7,970	United Financial Bancorp, Inc.		110,305
	4,900	United Overseas Bank, Ltd.		67,982
	1,980	Unum Group		69,914
	1,300	Virtu Financial, Inc.		19,461
	2,290	Voya Financial, Inc.		65,998
	12,348	Western Alliance Bancorp^a		463,544
	4,700	Westpac Banking Corporation		106,935
	1,409	Wintrust Financial Corporation		78,298
	4,440	WisdomTree Investments, Inc.		45,688
	1,545	WSFS Financial Corporation		56,377
	59,031	Zions Bancorporation		1,831,142

		Total		54,295,370


	Health Care (7.5%)
	89,920	Abbott Laboratories		3,802,717
	11,530	ABIOMED, Inc.^a		1,482,527
	26,849	Acadia Healthcare Company, Inc.^a		1,330,368
	580	Acceleron Pharma, Inc.^a		20,990
	860	Aceto Corporation		16,331
	3,270	Advaxis, Inc.^a		34,956
	13,580	Aerie Pharmaceuticals, Inc.^a		512,509
	5,190	Aetna, Inc.		599,186
	40,124	Akorn, Inc.^a		1,093,780
	33,341	Alexion Pharmaceuticals, Inc.^a		4,085,606
	9,618	Align Technology, Inc.^a		901,687
	23,954	Allergan plc^a		5,516,846
	1,350	Amgen, Inc.		225,194
	6,571	Analogic Corporation		582,191
	10,744	Asterias Biotherapeutics, Inc.^a		45,555
	276	Atrion Corporation		117,742
	1,000	Biogen, Inc.^a		313,030
	9,462	BioMarin Pharmaceutical, Inc.^a		875,424
	3,000	Boston Scientific Corporation^a		71,400
	2,520	Bristol-Myers Squibb Company		135,878
	4,408	C.R. Bard, Inc.		988,626
	28,971	Cardiovascular Systems, Inc.^a		687,772
	10,220	Catalent, Inc.^a		264,085
	51,180	Celgene Corporation^a		5,349,845
	10,352	Centene Corporation^a		693,170
	260	Charles River Laboratories International, Inc.^a		21,668
	2,640	Chemed Corporation		372,425
	1,790	CONMED Corporation		71,707
	7,780	Cooper Companies, Inc.		1,394,643
	1,500	Cross Country Healthcare, Inc.^a		17,670
	700	CSL, Ltd.		57,561
	17,170	Dentsply Sirona, Inc.		1,020,413
	25,183	Depomed, Inc.^a		629,323
	5,770	Dexcom, Inc.^a		505,798
	15,770	Edwards Lifesciences Corporation^a		1,901,231
	700	Emergent Biosolutions, Inc.^a		22,071
	10,070	Ensign Group, Inc.		202,709
	30,811	Envision Healthcare Holdings, Inc.^a		686,161
	1,516	Essilor International SA		195,558
	3,450	Express Scripts Holding Company^a		243,329
	81,848	Gilead Sciences, Inc.		6,475,814
	1,330	Global Blood Therapeutics, Inc.^a		30,656
	1,730	Globus Medical, Inc.^a		39,046
	1,100	Grifols SA		23,711
	610	Halyard Health, Inc.^a		21,143
	5,040	HCA Holdings, Inc.^a		381,175
	11,733	HealthEquity, Inc.^a		444,094


Shares		Common Stock (55.9%)	Value
	Health Care (7.5%) - continued
	2,650	Healthways, Inc.^a		$70,119
	5,100	Heska Corporation^a		277,593
	1,200	Hikma Pharmaceuticals plc		31,346
	2,900	Hill-Rom Holdings, Inc.		179,742
	38,070	Hologic, Inc.^a		1,478,258
	100	ICON plc^a		7,737
	1,680	ICU Medical, Inc.^a		212,318
	9,641	Impax Laboratories, Inc.^a		228,492
	23,639	Inogen, Inc.^a		1,415,976
	44,166	Intersect ENT, Inc.^a		699,589
	6,140	Intra-Cellular Therapies, Inc.^a		93,574
	21,228	Ironwood Pharmaceuticals, Inc.^a		337,101
	14,110	Kindred Healthcare, Inc.		144,204
	200	Lonza Group AG		38,280
	4,860	Magellan Health Services, Inc.^a		261,128
	10,584	Medtronic plc		914,458
	9,780	Merck & Company, Inc.		610,370
	600	Merck KGaA		64,719
	2,328	Mettler-Toledo International, Inc.^a		977,364
	19,075	Mylan NV^a		727,139
	2,128	National Healthcare Corporation		140,427
	620	Natural Health Trends Corporation		17,521
	670	Neogen Corporation^a		37,480
	15,552	Neurocrine Biosciences, Inc.^a		787,553
	18,225	Nevro Corporation^a		1,902,508
	2,000	Novartis AG		157,841
	2,000	Novo Nordisk AS		83,357
	40,533	NuVasive, Inc.^a		2,701,930
	19,800	Omnicell, Inc.^a		758,340
	19,280	OraSure Technologies, Inc.^a		153,662
	2,740	Orthofix International NV^a		117,190
	6,240	PDL BioPharma, Inc.		20,904
	11,290	PerkinElmer, Inc.		633,482
	8,260	Perrigo Company plc		762,646
	45,250	Pfizer, Inc.		1,532,618
	5,290	PharMerica Corporation^a		148,490
	4,000	Prothena Corporation plc^a		239,880
	720	Puma Biotechnology, Inc.^a		48,276
	630	ResMed, Inc.		40,818
	4,050	Roche Holding AG ADR		125,428
	200	Roche Holding AG-Genusschein		49,700
	1,800	Sanofi		137,072
	30,318	Team Health Holdings, Inc.^a		987,154
	18,037	Teleflex, Inc.		3,031,118
	3,763	Triple-S Management Corporation^a		82,523
	9,433	UnitedHealth Group, Inc.		1,320,620
	15,594	Universal Health Services, Inc.		1,921,493
	2,030	VCA Antech, Inc.^a		142,059
	30,450	Veeva Systems, Inc.^a		1,256,976
	40,514	Vertex Pharmaceuticals, Inc.^a		3,533,226
	2,950	Waters Corporation^a		467,545
	440	Wellcare Health Plans, Inc.^a		51,520
	6,520	West Pharmaceutical Services, Inc.		485,740
	15,920	Wright Medical Group NV^a		390,518
	3,570	Ziopharm Oncology, Inc.^a		20,099
	12,850	Zoetis, Inc.		668,328

		Total		78,230,870


	Industrials (6.4%)
	12,943	3M Company		2,280,945
	1,900	ABB, Ltd.		42,822
	5,625	ABM Industries, Inc.		223,312
	600	Adecco SA		33,819
	5,324	Aegion Corporation^a		101,529
	1,810	Aerovironment, Inc.^a		44,182
	8,250	AGCO Corporation		406,890


Shares		Common Stock (55.9%)	Value
	Industrials (6.4%) - continued
	7,500	Air New Zealand, Ltd.		$10,174
	760	Allison Transmission Holdings, Inc.		21,797
	900	Amada Holdings Company, Ltd.		9,362
	200	Andritz AG		10,883
	8,840	Ardmore Shipping Corporation		62,234
	5,000	Asahi Glass Company, Ltd.		32,330
	2,241	Astec Industries, Inc.		134,169
	300	Atlas Copco Aktiebolag		9,031
	11,680	AZZ, Inc.		762,354
	16,776	B/E Aerospace, Inc.		866,648
	700	Babcock International Group plc		9,372
	6,600	Barnes Group, Inc.		267,630
	400	Berendsen plc		6,431
	2,340	Boeing Company		308,272
	1,510	Brady Corporation		52,261
	100	Brenntag AG		5,465
	36,650	BWX Technologies, Inc.		1,406,260
	1,305	Canadian National Railway Company		85,306
	500	Capita plc		4,331
	8,350	Carlisle Companies, Inc.		856,459
	4,190	Caterpillar, Inc.		371,946
	4,000	Cathay Pacific Airways, Ltd.		5,592
	1,690	CBIZ, Inc.^a		18,911
	2,430	CEB, Inc.		132,362
	2,329	CIRCOR International, Inc.		138,715
	18,949	CLARCOR, Inc.		1,231,685
	6,260	Colfax Corporation^a		196,752
	5,052	Comfort Systems USA, Inc.		148,074
	4,070	Commercial Vehicle Group, Inc.^a		23,525
	8,940	Copart, Inc.^a		478,826
	990	Crane Company		62,380
	5,918	CSX Corporation		180,499
	27,710	Cummins, Inc.		3,551,037
	6,730	Curtiss-Wright Corporation		613,170
	1,000	Dai Nippon Printing Company, Ltd.		9,810
	900	Dart Group plc		4,888
	23,830	Delta Air Lines, Inc.		937,949
	490	Deluxe Corporation		32,742
	900	Deutsche Post AG		28,178
	10,190	Donaldson Company, Inc.		380,393
	600	DSV AS		29,937
	800	East Japan Railway Company		72,211
	16,880	EMCOR Group, Inc.		1,006,386
	6,020	EnerSys		416,524
	4,095	Equifax, Inc.		551,105
	3,459	ESCO Technologies, Inc.		160,567
	1,350	Expeditors International of Washington, Inc.		69,552
	8,991	Federal Signal Corporation		119,221
	650	Flowserve Corporation		31,356
	100	Flughafen Zuerich AG		19,549
	1,765	Fortive Corporation		89,838
	28,567	Fortune Brands Home and Security, Inc.		1,659,743
	3,207	Franklin Electric Company, Inc.		130,557
	400	Fraport AG Frankfurt Airport Services Worldwide		21,892
	2,510	GasLog, Ltd.		36,520
	4,840	Gener8 Maritime, Inc.^a		24,781
	8,400	General Dynamics Corporation		1,303,344
	1,180	Genesee & Wyoming, Inc.^a		81,361
	4,491	Gibraltar Industries, Inc.^a		166,841
	30,265	Granite Construction, Inc.		1,505,381
	840	Greenbrier Companies, Inc.		29,652
	9,334	H&E Equipment Services, Inc.		156,438
	1,440	Hackett Group, Inc.		23,789


Shares		Common Stock (55.9%)	Value
	Industrials (6.4%) - continued
	11,920	Harsco Corporation		$118,366
	580	HD Supply Holdings, Inc.^a		18,548
	24,830	Healthcare Services Group, Inc.		982,771
	13,319	Heico Corporation		921,675
	3,570	Herman Miller, Inc.		102,102
	5,390	Hexcel Corporation		238,777
	500	Hitachi Transport System, Ltd.		9,991
	1,265	HNI Corporation		50,347
	100	Hochtief AG		14,113
	2,151	Honeywell International, Inc.		250,785
	1,153	Hub Group, Inc.^a		46,996
	4,950	Hubbell, Inc.		533,313
	5,000	Huntington Ingalls Industries, Inc.		767,100
	11,195	Huron Consulting Group, Inc.^a		669,013
	4,230	ICF International, Inc.^a		187,474
	600	Inaba Denki Sangyo Company, Ltd.		21,688
	14,480	Ingersoll-Rand plc		983,771
	3,310	Insperity, Inc.		240,438
	1,150	Insteel Industries, Inc.		41,676
	1,030	Interface, Inc.		17,191
	11,400	ITOCHU Corporation		143,521
	2,200	ITT Corporation		78,848
	300	Jardine Matheson Holdings, Ltd.		18,183
	7,214	JB Hunt Transport Services, Inc.		585,344
	5,039	Johnson Controls International plc		234,465
	1,000	Kamigumi Company, Ltd.		8,724
	1,020	Kansas City Southern		95,186
	20,900	Kennametal, Inc.		606,518
	5,061	Kforce, Inc.		103,700
	9,510	Kirby Corporation^a		591,142
	3,000	KITZ Corporation		16,604
	3,970	Knight Transportation, Inc.		113,899
	3,000	KONE Oyj		152,302
	734	Koninklijke Boskalis Westminster NV		26,124
	14,430	Korn/Ferry International		303,030
	100	Kuehne & Nagel International AG		14,533
	500	Kurita Water Industries, Ltd.		11,881
	100	Legrand SA		5,895
	13,200	Lincoln Electric Holdings, Inc.		826,584
	3,260	Lindsay Corporation		241,175
	5,740	Manpower, Inc.		414,772
	3,900	Marubeni Corporation		20,035
	21,650	Masco Corporation		742,811
	4,300	Meggitt plc		25,098
	14,090	Meritor, Inc.^a		156,822
	13,133	Middleby Corporation^a		1,623,501
	1,200	MIRAIT Holdings Corporation		10,225
	3,000	Mitsubishi Electric Corporation		38,450
	1,000	Mitsuboshi Belting, Ltd.		8,497
	7,200	Mitsui & Company, Ltd.		99,784
	5,120	Moog, Inc.^a		304,845
	11,140	MSA Safety, Inc.		646,566
	1,760	MSC Industrial Direct Company, Inc.		129,202
	1,020	Mueller Industries, Inc.		33,068
	5,330	MYR Group, Inc.^a		160,433
	7,819	Navigant Consulting, Inc.^a		158,100
	3,610	NCI Building Systems, Inc.^a		52,670
	9,073	Nielsen Holdings plc		486,041
	2,000	Nippon Express Company, Ltd.		9,350
	2,100	Nitto Kogyo Corporation		27,567
	1,879	Nordson Corporation		187,205
	1,720	Norfolk Southern Corporation		166,943
	430	Northrop Grumman Corporation		91,998
	6,170	Old Dominion Freight Line, Inc.^a		423,324
	26,487	On Assignment, Inc.^a		961,213
	32,355	Oshkosh Corporation		1,811,880


Shares		Common Stock (55.9%)	Value
	Industrials (6.4%) - continued
	520	Parker Hannifin Corporation		$65,276
	2,540	Pentair, Ltd.		163,170
	43,315	PGT, Inc.^a		462,171
	17,930	Proto Labs, Inc.^a		1,074,186
	1,550	Quanex Building Products Corporation		26,753
	500	Randstad Holding NV		22,736
	28,190	Raven Industries, Inc.		649,216
	2,930	Raytheon Company		398,861
	430	RBC Bearings, Inc.^a		32,886
	5,470	Resources Connection, Inc.		81,722
	1,440	Rexnord Corporation^a		30,830
	105	Rieter Holding AG		21,302
	800	Rockwell Automation, Inc.		97,872
	11,080	Rockwell Collins, Inc.		934,487
	740	Rollins, Inc.		21,667
	4,728	Roper Industries, Inc.		862,718
	915	Ryder System, Inc.		60,344
	24,000	Saia, Inc.^a		719,040
	1,100	Sanwa Holdings Corporation		10,649
	200	Schindler Holding AG, Participation Certificate		37,556
	1,000	Siemens AG		117,261
	600	Skanska AB		14,018
	1,000	SKF AB		17,269
	1,700	Smiths Group plc		32,270
	65,671	Southwest Airlines Company		2,553,945
	3,440	SPX FLOW, Inc.^a		106,365
	550	Stanley Black & Decker, Inc.		67,639
	770	TASER International, Inc.^a		22,030
	11,886	Tennant Company		770,213
	2,420	Tetra Tech, Inc.		85,837
	3,191	Textron, Inc.		126,842
	880	Toro Company		41,219
	300	TOTO, Ltd.		11,342
	24,280	TransUnion^a		837,660
	680	TrueBlue, Inc.^a		15,409
	780	UniFirst Corporation		102,851
	57,654	Union Pacific Corporation		5,622,995
	9,750	United Continental Holdings, Inc.^a		511,582
	2,700	United Parcel Service, Inc.		295,272
	7,752	United Rentals, Inc.^a		608,454
	1,453	Universal Forest Products, Inc.		143,106
	3,635	Universal Truckload Services, Inc.		48,782
	1,600	Vinci SA		122,526
	6,850	WABCO Holdings, Inc.^a		777,680
	15,996	WageWorks, Inc.^a		974,316
	25,024	Waste Connections, Inc.		1,869,293
	3,002	Watsco, Inc.		422,982
	456	WSP Global, Inc.		14,365
	7,150	Xylem, Inc.		375,017
	2,410	YRC Worldwide, Inc.^a		29,691
	400	Yuasa Trading Company, Ltd.		9,190

		Total		66,013,303


	Information Technology (14.2%)
	564	Advanced Energy Industries, Inc.^a		26,688
	39,679	Agilent Technologies, Inc.		1,868,484
	27,115	Akamai Technologies, Inc.^a		1,436,824
	4,750	Alliance Data Systems Corporation^a		1,019,018
	11,013	Alphabet, Inc., Class A^a		8,855,113
	7,997	Alphabet, Inc., Class C^a		6,215,988
	13,412	Ambarella, Inc.^a		987,257
	8,160	Amkor Technology, Inc.^a		79,315
	29,035	Amphenol Corporation		1,884,952
	13,070	Analog Devices, Inc.		842,361


Shares		Common Stock (55.9%)	Value
	Information Technology (14.2%) - continued
	2,188	ANSYS, Inc.^a		$202,631
	75,644	Apple, Inc.		8,551,554
	33,834	Applied Materials, Inc.		1,020,095
	30,232	Arista Networks, Inc.^a		2,572,139
	15,533	Aspen Technology, Inc.^a		726,789
	3,490	AVX Corporation		48,127
	2,620	Bankrate, Inc.^a		22,218
	650	Belden, Inc.		44,844
	11,040	Blackhawk Network Holdings, Inc.^a		333,077
	53,200	Booz Allen Hamilton Holding Corporation		1,681,652
	640	Broadcom, Ltd.		110,413
	2,250	Broadridge Financial Solutions, Inc.		152,528
	13,868	Brocade Communications Systems, Inc.		128,002
	10,814	Brooks Automation, Inc.		147,179
	6,500	CA, Inc.		215,020
	2,436	Cabot Microelectronics Corporation		128,889
	6,679	CACI International, Inc.^a		673,911
	1,100	Canon, Inc.		31,936
	18,399	Cavium, Inc.^a		1,070,822
	2,590	CDK Global, Inc.		148,562
	1,420	Check Point Software Technologies, Ltd.^a		110,206
	26,660	Ciena Corporation^a		581,188
	2,300	Cirrus Logic, Inc.^a		122,245
	72,260	Cisco Systems, Inc.		2,292,087
	12,960	Cognex Corporation		685,066
	13,830	Cognizant Technology Solutions Corporation^a		659,829
	1,790	Coherent, Inc.^a		197,867
	17,990	CommVault Systems, Inc.^a		955,809
	4,170	Comtech Telecommunications Corporation		53,418
	7,460	Convergys Corporation		226,933
	12,370	CoreLogic, Inc.^a		485,151
	39,966	Criteo SA ADR^a		1,403,206
	1,780	CTS Corporation		33,108
	813	Dell Technologies, Inc.^a		38,861
	26,250	DST Systems, Inc.		3,095,400
	3,100	EarthLink Holdings Corporation		19,220
	13,950	eBay, Inc.^a		458,955
	9,170	Entegris, Inc.^a		159,741
	20,140	Envestnet, Inc.^a		734,103
	3,770	EVERTEC, Inc.		63,261
	3,550	ExlService Holdings, Inc.^a		176,932
	4,062	F5 Networks, Inc.^a		506,288
	3,327	Fabrinet^a		148,351
	97,100	Facebook, Inc.^a		12,455,017
	31,460	Finisar Corporation^a		937,508
	1,370	Fitbit, Inc.^a		20,331
	37,550	FLIR Systems, Inc.		1,179,821
	26,742	Fortinet, Inc.^a		987,582
	2,500	FUJIFILM Holdings NPV		92,607
	1,450	Genpact, Ltd.^a		34,727
	41,712	Guidewire Software, Inc.^a		2,501,886
	500	Halma plc		6,788
	300	Hoya Corporation		12,068
	7,090	HP, Inc.		110,108
	4,107	IAC/InterActiveCorporation		256,564
	18,100	Intel Corporation		683,275
	9,579	Ixia^a		119,738
	22,760	Juniper Networks, Inc.		547,606
	730	Keysight Technologies, Inc.^a		23,134
	4,060	Knowles Corporation^a		57,043
	500	Kyocera Corporation		24,027


Shares		Common Stock (55.9%)	Value
	Information Technology (14.2%) - continued
	12,600	Lam Research Corporation		$1,193,346
	2,990	Liberty Tripadvisor Holdings, Inc.^a		65,331
	4,040	Lionbridge Technologies, Inc.^a		20,200
	906	Littelfuse, Inc.		116,702
	21,350	M/A-COM Technology Solutions Holdings, Inc.^a		903,959
	9,074	Manhattan Associates, Inc.^a		522,844
	6,085	Marvell Technology Group, Ltd.		80,748
	36,440	MasterCard, Inc.		3,708,499
	16,410	Maxim Integrated Products, Inc.		655,251
	850	MAXIMUS, Inc.		48,076
	4,990	Methode Electronics, Inc.		174,500
	400	Micro Focus International plc		11,386
	33,010	Microsemi Corporation^a		1,385,760
	141,780	Microsoft Corporation		8,166,528
	13,260	Mobileye NV^a		564,478
	24,349	Monolithic Power Systems, Inc.		1,960,094
	10,064	Nanometrics, Inc.^a		224,830
	25,340	National Instruments Corporation		719,656
	1,100	NEC Networks & System Integration Corporation		18,737
	300	Nice, Ltd.		19,976
	9,261	Nice, Ltd. ADR		619,931
	600	NS Solutions Corporation		10,485
	100	NTT Data Corporation		4,994
	68,134	NVIDIA Corporation		4,668,542
	13,430	NXP Semiconductors NV^a		1,369,994
	70,644	Oclaro, Inc.^a		604,006
	6,270	ON Semiconductor Corporation^a		77,246
	44,550	Oracle Corporation		1,749,924
	100	Oracle Corporation Japan		5,650
	1,060	OSI Systems, Inc.^a		69,303
	3,220	Palo Alto Networks, Inc.^a		513,043
	40,360	Pandora Media, Inc.^a		578,359
	24,600	Paylocity Holding Corporation^a		1,093,716
	136,424	PayPal Holdings, Inc.^a		5,589,291
	21,356	Pegasystems, Inc.		629,788
	4,633	Progress Software Corporation^a		126,018
	32,916	Proofpoint, Inc.^a		2,463,763
	5,240	PTC, Inc.^a		232,184
	29,586	Q2 Holdings, Inc.^a		847,935
	640	Qorvo, Inc.^a		35,674
	13,150	QUALCOMM, Inc.		900,775
	680	Qualys, Inc.^a		25,969
	6,430	RealPage, Inc.^a		165,251
	11,850	Red Hat, Inc.^a		957,836
	100,460	Salesforce.com, Inc.^a		7,165,812
	810	ScanSource, Inc.^a		29,565
	7,841	ServiceNow, Inc.^a		620,615
	5,250	ShoreTel, Inc.^a		42,000
	580	Splunk, Inc.^a		34,034
	20,400	SS&C Technologies Holdings, Inc.		655,860
	1,560	Stratasys, Ltd.^a		37,580
	17,132	Synopsys, Inc.^a		1,016,784
	40,241	Teradyne, Inc.		868,401
	1,540	Tessera Technologies, Inc.		59,198
	5,530	Texas Instruments, Inc.		388,095
	200	Trend Micro, Inc.		6,977
	4,690	Trimble Navigation, Ltd.^a		133,946
	9,272	Tyler Technologies, Inc.^a		1,587,645
	10,996	Ultimate Software Group, Inc.^a		2,247,472
	200	United Internet AG		8,857
	58,194	Virtusa Corporation^a		1,436,228
	98,090	Visa, Inc.		8,112,043


Shares		Common Stock (55.9%)	Value
	Information Technology (14.2%) - continued
	79,890	Xilinx, Inc.		$4,341,223

		Total		147,176,356


	Materials (2.5%)
	500	Adeka Corporation		6,918
	9,350	Agnico Eagle Mines, Ltd.		506,583
	200	Air Liquide SA		21,447
	4,000	Air Products and Chemicals, Inc.		601,360
	49,050	Alcoa, Inc.		497,367
	600	Amcor, Ltd.		6,988
	2,576	American Vanguard Corporation		41,371
	5,700	Avery Dennison Corporation		443,403
	7,258	Balchem Corporation		562,713
	7,900	Ball Corporation		647,405
	52,110	Barrick Gold Corporation		923,389
	7,400	BHP Billiton, Ltd.		128,187
	4,010	Boise Cascade Company^a		101,854
	3,790	Cabot Corporation		198,634
	850	Caesarstone Sdot-Yam, Ltd.^a		32,053
	1,890	Carpenter Technology Corporation		77,981
	14,547	Celanese Corporation		968,248
	23,329	Chemtura Corporation^a		765,424
	2,076	Clearwater Paper Corporation^a		134,255
	1,530	Continental Building Products, Inc.^a		32,115
	400	Croda International plc		18,050
	14,400	Crown Holdings, Inc.^a		822,096
	6,300	Daicel Corporation		79,614
	1,000	Denki Kagaku Kogyo KK		4,331
	3,390	Dow Chemical Company		175,704
	1,900	Eagle Materials, Inc.		146,870
	3,950	Eastman Chemical Company		267,336
	8,270	Ecolab, Inc.		1,006,624
	36,190	Eldorado Gold Corporation^a		142,227
	200	Evonik Industries AG		6,771
	4,170	Ferro Corporation^a		57,588
	8,150	Ferroglobe plc		73,594
	23,935	FMC Corporation		1,157,018
	41,020	Freeport-McMoRan, Inc.		445,477
	35,490	Goldcorp, Inc.		586,295
	2,440	Graphic Packaging Holding Company		34,136
	800	Hexpol AB		7,173
	2,385	Ingevity Corporation^a		109,948
	620	Innophos Holdings, Inc.		24,199
	1,497	Innospec, Inc.		91,033
	26,760	International Paper Company		1,283,945
	600	JSR Corporation		9,430
	6,450	KapStone Paper and Packaging Corporation		122,034
	62,460	Kinross Gold Corporation^a		262,957
	910	Koppers Holdings, Inc.^a		29,284
	1,300	Kuraray Company, Ltd.		19,285
	2,420	Martin Marietta Materials, Inc.		433,446
	6,780	Materion Corporation		208,214
	7,840	Methanex Corporation		279,731
	1,194	Minerals Technologies, Inc.		84,404
	3,300	Mitsubishi Chemical Holdings Corporation		20,689
	500	Mitsubishi Gas Chemical Company, Inc.		7,158
	400	Mitsubishi Materials Corporation		10,941
	10,780	Mosaic Company		263,679
	7,088	Myers Industries, Inc.		92,073
	27,390	Newmont Mining Corporation		1,076,153
	200	Nippon Shokubai Company, Ltd.		12,495
	100	Nitto Denko Corporation		6,495
	13,492	Norsk Hydro ASA		58,336


Shares		Common Stock (55.9%)	Value
	Materials (2.5%) - continued
	16,410	Nucor Corporation		$811,474
	4,500	Nutanix, Inc.^a		166,500
	3,390	OMNOVA Solutions, Inc.^a		28,612
	3,700	Orora, Ltd.		8,973
	35,510	Owens-Illinois, Inc.^a		653,029
	16,437	Packaging Corporation of America		1,335,671
	1,980	PolyOne Corporation		66,944
	530	Quaker Chemical Corporation		56,143
	2,430	Rayonier Advanced Materials, Inc.		32,489
	2,080	Reliance Steel & Aluminum Company		149,822
	2	Rio Tinto, Ltd.		80
	3,370	Royal Gold, Inc.		260,939
	1,300	RPC Group plc		16,155
	1,240	RPM International, Inc.		66,613
	1,880	Schnitzer Steel Industries, Inc.		39,292
	530	Schweitzer-Mauduit International, Inc.		20,437
	9,139	Scotts Miracle-Gro Company		761,004
	10,400	Sealed Air Corporation		476,528
	2,230	Sensient Technologies Corporation		169,034
	15,860	Silver Wheaton Corporation		428,696
	7,250	Sonoco Products Company		383,017
	41,102	Steel Dynamics, Inc.		1,027,139
	1,760	Stillwater Mining Company^a		23,514
	400	Sumitomo Seika Chemicals Company, Ltd.		14,176
	27,710	Teck Resources, Ltd.		499,611
	1,000	Tosoh Corporation		6,164
	2,599	UPM-Kymmene Oyj		54,877
	5,100	Vulcan Materials Company		580,023
	14,314	Westrock Company		693,943
	52,460	Yamana Gold, Inc.		226,103
	2,466	Yara International ASA		82,174

		Total		25,373,704


	Real Estate (1.0%)
	9,900	American Assets Trust, Inc.		429,462
	4,740	American Campus Communities, Inc.		241,124
	7,700	Bluerock Residential Growth REIT, Inc.		100,100
	2,947	Brixmor Property Group, Inc.		81,897
	5,250	Camden Property Trust		439,635
	7,700	CapitaMall Trust		12,267
	17,690	CBL & Associates Properties, Inc.		214,757
	5,470	CBRE Group, Inc.^a		153,051
	18,023	Cedar Realty Trust, Inc.		129,766
	7,680	Chatham Lodging Trust		147,840
	1,650	City Office REIT, Inc.		21,004
	20,800	Corporate Office Properties Trust		589,680
	6,760	Corrections Corporation of America		93,761
	1,200	CyrusOne, Inc.		57,084
	100	Daito Trust Construction Company, Ltd.		15,994
	44,210	DDR Corporation		770,580
	1,000	Derwent London plc		33,706
	10,900	DEXUS Property Group		76,611
	4,800	Digital Realty Trust, Inc.		466,176
	16,850	Duke Realty Corporation		460,511
	6,770	DuPont Fabros Technology, Inc.		279,263
	460	EastGroup Properties, Inc.		33,838
	5,848	First Potomac Realty Trust		53,509
	5,490	Franklin Street Properties Corporation		69,174
	6,900	Frasers Centrepoint Trust		11,131
	15,800	General Growth Properties, Inc.		436,080
	900	Great Portland Estates plc		7,380


Shares		Common Stock (55.9%)	Value
	Real Estate (1.0%) - continued
	3,583	H&R Real Estate Investment Trust		$61,257
	900	Hamborner REIT AG		9,521
	860	Hersha Hospitality Trust		15,497
	14,160	HFF, Inc.		392,090
	2,150	Hospitality Properties Trust		63,898
	41,728	Host Hotels & Resorts, Inc.		649,705
	4,170	Hudson Pacific Properties, Inc.		137,068
	1,500	Hufvudstaden AB		25,990
	13,000	Hysan Development Company, Ltd.		61,166
	3,180	InfraREIT, Inc.		57,685
	1,030	Jones Lang LaSalle, Inc.		117,204
	13,890	LaSalle Hotel Properties		331,554
	9,430	Liberty Property Trust		380,501
	3,640	Life Storage, Inc.		323,742
	2,500	Link REIT		18,455
	2,620	Mid-America Apartment Communities, Inc.		246,254
	47,596	New World Development Company, Ltd.		62,412
	810	Outfront Media, Inc.		19,156
	15,450	Parkway Properties, Inc.		262,805
	17,193	Pebblebrook Hotel Trust		457,334
	13,680	Physicians Realty Trust		294,667
	867	Potlatch Corporation		33,718
	3,040	RE/MAX Holdings, Inc.		133,091
	8,760	Retail Properties of America, Inc.		147,168
	413	RioCan Real Estate Investment Trust		8,569
	3,370	Silver Bay Realty Trust Corporation REIT		59,076
	19,498	Stockland		71,410
	13,171	Summit Hotel Properties, Inc.		173,330
	22,493	Terreno Realty Corporation		618,782
	3,970	Tier REIT, Inc.		61,297
	1,670	Urstadt Biddle Properties, Inc.		37,107
	1,000	Wharf Holdings, Ltd.		7,337
	1,000	Wheelock and Company, Ltd.		5,940
	11,800	Wing Tai Holdings, Ltd.		14,645

		Total		10,784,812


	Telecommunications Services (0.3%)
	10,970	AT&T, Inc.		445,492
	320	ATN International, Inc.		20,813
	472	BCE, Inc.		21,798
	6,000	BT Group plc		30,188
	9,320	Cincinnati Bell, Inc.^a		38,026
	2,300	Elisa Oyj		84,763
	1,520	FairPoint Communications, Inc.^a		22,846
	1,600	Freenet AG		46,830
	2,030	General Communication, Inc.^a		27,912
	4,780	Inteliquent, Inc.		77,149
	27,719	KCOM Group plc		41,650
	9,865	Level 3 Communications, Inc.^a		457,539
	100	Millicom International Cellular SA		5,181
	200	Nippon Telegraph & Telephone Corporation		9,147
	2,200	Orange SA		34,469
	30,000	PCCW, Ltd.		18,477
	800	Proximus SA		23,933
	11,944	SBA Communications Corporation^a		1,339,639
	2,800	Telefonica Deutschland Holding AG		11,289
	1,742	Telenor ASA		29,955
	7,648	Verizon Communications, Inc.		397,543
	2,800	Vodafone Group plc		8,030
	15,270	Vonage Holdings Corporation^a		100,935

		Total		3,293,604


Shares		Common Stock (55.9%)	Value
	Utilities (0.9%)
	6,510	Alliant Energy Corporation		$249,398
	1,410	American Electric Power Company, Inc.		90,536
	4,290	American States Water Company		171,815
	8,230	Aqua America, Inc.		250,850
	1,940	Artesian Resources Corporation		55,368
	9,720	Avista Corporation		406,199
	1,640	Consolidated Water Company, Ltd.		19,057
	4,690	DTE Energy Company		439,312
	900	E.ON SE		6,397
	11,160	Edison International, Inc.		806,310
	13,400	Electricidade de Portugal SA		44,971
	20,540	Eversource Energy		1,112,857
	8,780	Exelon Corporation		292,286
	6,760	Great Plains Energy, Inc.		184,480
	22,900	MDU Resources Group, Inc.		582,576
	830	Middlesex Water Company		29,249
	5,510	NiSource, Inc.		132,846
	19,000	Osaka Gas Company, Ltd.		79,690
	8,390	PG&E Corporation		513,216
	9,900	Portland General Electric Company		421,641
	13,950	Public Service Enterprise Group, Inc.		584,087
	9,700	Redes Energeticas Nacionais SGPS SA		28,353
	2,350	Renewable Energy Group, Inc.^a		19,905
	12,060	Southern Company		618,678
	3,320	Southwest Gas Corporation		231,935
	10,275	Spire, Inc.		654,929
	2,000	Toho Gas Company, Ltd.		18,728
	1,900	United Utilities Group plc		24,678
	489	Unitil Corporation		19,100
	16,600	Vectren Corporation		833,320
	2,510	WEC Energy Group, Inc.		150,299

		Total		9,073,066



		Total Common Stock (cost $494,026,171)		580,534,140


Shares		Registered Investment Companies (31.9%)	Value
	Affiliated Equity Holdings (28.5%)
	3,495,736	Thrivent Large Cap Stock Portfolio		41,111,605
	3,170,544	Thrivent Large Cap Value Portfolio		49,438,287
	3,352,705	Thrivent Mid Cap Stock Portfolio		57,152,551
	12,044,477	Thrivent Partner Worldwide Allocation Portfolio		112,719,442
	2,105,112	Thrivent Small Cap Stock Portfolio		35,149,893

		Total		295,571,778


	Affiliated Fixed Income Holdings (2.2%)
	1,743,936	Thrivent High Yield Portfolio		8,319,100
	464,167	Thrivent Income Portfolio		4,840,333
	934,752	Thrivent Limited Maturity Bond Portfolio		9,220,113

		Total		22,379,546


	Equity Funds/ETFs (1.2%)
	3,840	iShares MSCI EAFE Index Fund		227,059
	25,015	iShares Russell 2000 Growth Index Fund		3,724,733
	6,758	iShares Russell 2000 Index Fund		839,411
	5,010	iShares Russell 2000 Value Index Fund		524,798
	13,230	Materials Select Sector SPDR Fund		631,732
	21,016	SPDR S&P 500 ETF Trust		4,545,761
	24,830	SPDR S&P Biotech ETF		1,645,981


Shares		Registered Investment Companies (31.9%)	Value
	Equity Funds/ETFs (1.2%) - continued
	270	SPDR S&P MidCap 400 ETF Trust		$76,213

		Total		12,215,688



		Total Registered Investment Companies (cost $320,496,320)		330,167,012


Principal Amount		Long-Term Fixed Income (2.7%)	Value
	Collateralized Mortgage Obligations (<0.1%)
		MASTR Alternative Loans Trust
	$28,611	0.975%, 12/25/2035^b		13,350
		Residential Asset Securitization Trust
	45,316	0.905%, 8/25/2037^b		12,202
		Sequoia Mortgage Trust
	118,452	3.702%, 9/20/2046		95,533
		WaMu Mortgage Pass Through Certificates
	53,212	2.791%, 9/25/2036		48,183
	77,480	2.575%, 10/25/2036		67,498

		Total		236,766


	Mortgage-Backed Securities (1.2%)
		Federal Home Loan Mortgage Corporation Gold 15-Yr. Pass Through
	875,000	3.000%, 10/1/2031^c		919,075
		Federal Home Loan Mortgage Corporation Gold 30-Yr. Pass Through
	875,000	4.000%, 10/1/2046^c		938,557
		Federal National Mortgage Association Conventional 15-Yr. Pass Through
	900,000	2.500%, 10/1/2031^c		932,179
		Federal National Mortgage Association Conventional 30-Yr. Pass Through
	5,975,000	3.500%, 10/1/2046^c		6,304,558
	1,825,000	4.000%, 10/1/2046^c		1,960,021
	1,575,000	4.500%, 10/1/2046^c		1,724,834

		Total		12,779,224


	U.S. Government and Agencies (1.5%)
		Tennessee Valley Authority
	165,000	5.250%, 9/15/2039		228,086
		U.S. Treasury Bonds
	1,680,000	3.625%, 2/15/2044		2,139,178
		U.S. Treasury Bonds, TIPS
	1,316,679	0.625%, 1/15/2026		1,384,764
	1,137,562	1.000%, 2/15/2046		1,257,496
		U.S. Treasury Notes
	400,000	0.875%, 11/15/2017		400,765
	225,000	0.875%, 3/31/2018		225,457
	2,520,000	0.750%, 2/15/2019		2,515,177
	825,000	1.500%, 10/31/2019		839,502
	665,000	1.375%, 9/30/2020		672,923
	3,425,000	1.125%, 8/31/2021		3,421,520
	250,000	2.125%, 9/30/2021		261,211
	250,000	1.625%, 8/15/2022		254,512
	2,100,000	2.250%, 11/15/2024		2,217,222

		Total		15,817,813



		Total Long-Term Fixed Income (cost $28,160,682)		28,833,803


Shares or Principal Amount		Short-Term Investments (10.9%)^d	Value
		Federal Home Loan Bank Discount Notes
	3,000,000	0.365%, 10/5/2016^e		$2,999,967
	5,500,000	0.365%, 10/7/2016^e		5,499,885
	200,000	0.350%, 10/14/2016		199,988
	600,000	0.375%, 10/21/2016		599,943
	100,000	0.280%, 10/28/2016^e		99,987
		Thrivent Core Short-Term Reserve Fund
	10,353,252	0.750%		103,532,520

		Total Short-Term Investments (cost $112,931,892)		112,932,290

		Total Investments (cost $955,615,065) 101.4%		$1,052,467,245

		Other Assets and Liabilities, Net (1.4%)		(14,503,772)

		Total Net Assets 100.0%		$1,037,963,473

a	Non-income producing security.

b	Denotes variable rate securities. Variable rate securities are securities whose yields vary with a designated market index or market rate. The rate shown is as of September 30, 2016.

c	Denotes investments purchased on a when-issued or delayed delivery basis.

d	The interest rate shown reflects the yield, coupon rate or the discount rate at the date of purchase.

e	All or a portion of the security is held on deposit with the counterparty and pledged as the initial margin deposit for open futures contracts.

Definitions:


ADR	-	American Depositary Receipt, which are certificates for an underlying foreign security’s shares held by an issuing U.S. depository bank.
ETF	-	Exchange Traded Fund.
REIT	-	Real Estate Investment Trust is a company that buys, develops, manages and/or sells real estate assets.
TIPS	-	Treasury Inflation Protected Security.

Unrealized Appreciation (Depreciation)


Gross unrealized appreciation and depreciation of investments, based on cost for federal income tax purposes, were as follows:

Gross unrealized appreciation	$	139,061,601
Gross unrealized depreciation		(42,209,421)

Net unrealized appreciation (depreciation)	$	96,852,180

Cost for federal income tax purposes	$	955,615,065

The following table is a summary of the inputs used, as of September 30, 2016, in valuing Aggressive Allocation Portfolio’s assets carried at fair value.

There were no significant transfers between Levels during the period ended September 30, 2016. Transfers between Levels are identified as of the end of the period.

The following table presents Aggressive Allocation Portfolio’s futures contracts held as of September 30, 2016. Investments and/or cash totaling $8,599,839 were pledged as the initial margin deposit for these contracts.

Affiliated issuers, as defined under the Investment Company Act of 1940, include those in which the Portfolio’s holdings of an issuer represent 5% or more of the outstanding voting securities of an issuer, any affiliated mutual fund, or a company which is under common ownership or control with the Portfolio.

A summary of transactions for the fiscal year to date, in Aggressive Allocation Portfolio, is as follows:


Principal Amount		Bank Loans (0.9%)^a	Value
	Basic Materials (0.1%)
		Axalta Coating Systems US Holdings, Inc., Term Loan
	$719,876	3.750%, 2/1/2020		$724,699
		Fortescue Metals Group, Ltd., Term Loan
	671,145	3.750%, 6/30/2019		670,226
		Ineos US Finance, LLC, Term Loan
	1,337,700	3.750%, 12/15/2020		1,340,041
		Tronox Pigments BV, Term Loan
	453,304	4.500%, 3/19/2020		448,204

		Total		3,183,170


	Capital Goods (<0.1%)
		Accudyne Industries, LLC, Term Loan
	438,294	4.000%, 12/13/2019		409,073
		ADS Waste Holdings, Inc., Term Loan
	413,756	3.750%, 10/9/2019		413,950
		Cortes NP Acquisition Corporation, Term Loan
	1,030,000	0.000%, 10/3/2023^b,c		1,006,825

		Total		1,829,848


	Communications Services (0.3%)
		FairPoint Communications, Inc., Term Loan
	800,094	7.500%, 2/14/2019		799,662
		Grande Communications Networks, LLC, Term Loan
	720,812	4.500%, 5/29/2020		720,812
		Hargray Communications Group, Inc., Term Loan
	788,664	5.250%, 6/26/2019		791,953
		Integra Telecom Holdings, Inc., Term Loan
	500,811	5.250%, 8/14/2020		497,055
	220,520	9.750%, 2/12/2021		213,904
		Intelsat Jackson Holdings SA, Term Loan
	267,851	3.750%, 6/30/2019		254,397
		Level 3 Communications, Inc., Term Loan
	1,555,000	4.000%, 1/15/2020		1,561,609
		Liberty Cablevision of Puerto Rico, LLC, Term Loan
	2,765,000	4.500%, 1/7/2022		2,725,267
		LTS Buyer, LLC, Term Loan
	767,497	4.088%, 4/13/2020		767,259
	39,215	8.000%, 4/12/2021		39,215
		NEP Broadcasting, LLC, Term Loan
	68,571	10.000%, 7/22/2020		68,657
		NEP/NCP Holdco, Inc., Term Loan
	1,031,873	4.250%, 1/22/2020		1,026,714
		SBA Senior Finance II, LLC, Term Loan
	533,250	3.340%, 6/10/2022		533,474
		Syniverse Holdings, Inc., Term Loan
	684,177	4.000%, 4/23/2019		603,786
		TNS, Inc., Term Loan
	391,848	5.000%, 2/14/2020		394,054
		Univision Communications, Inc., Term Loan
	976,501	4.000%, 3/1/2020		978,180
		Virgin Media Investment Holdings, Ltd., Term Loan
	263,348	3.649%, 6/30/2023		264,397


Principal Amount		Bank Loans (0.9%)^a	Value
	Communications Services (0.3%) - continued
		WideOpenWest Finance, LLC, Term Loan
	$750,000	4.500%, 8/18/2023		$746,407
		WMG Acquisition Corporation, Term Loan
	248,339	3.750%, 7/1/2020		248,029
		XO Communications, LLC, Term Loan
	292,500	4.250%, 3/20/2021		292,988
		Yankee Cable Acquisition, LLC, Term Loan
	631,315	4.250%, 3/1/2020		630,923
		Zayo Group, LLC, Term Loan
	1,151,294	3.750%, 5/6/2021		1,156,095

		Total		15,314,837


	Consumer Cyclical (0.1%)
		Amaya BV, Term Loan
	1,362,522	5.000%, 8/1/2021		1,360,819
		Burlington Coat Factory Warehouse Corporation, Term Loan
	728,516	3.500%, 8/13/2021		733,375
		Cengage Learning Acquisitions, Term Loan
	468,825	5.250%, 6/7/2023		468,239
		Ceridian HCM Holding, Inc., Term Loan
	339,664	4.500%, 9/15/2020		331,597
		Golden Nugget, Inc., Term Loan
	20,000	0.000%, 11/21/2019^b,c		20,100
	319,034	0.000%, 11/21/2019		320,629
		Golden Nugget, Inc., Term Loan Delayed Draw
	5,000	0.000%, 11/21/2019^b,c		5,025
	136,729	0.000%, 11/21/2019		137,412
		IMG Worldwide, Inc., Term Loan
	472,746	5.250%, 5/6/2021		474,046
	400,000	8.250%, 5/6/2022		399,252
		Jack Ohio Finance, LLC, Term Loan
	242,405	5.000%, 6/20/2019^b,c		236,750
		Mohegan Tribal Gaming Authority, Term Loan
	833,397	5.500%, 6/15/2018		832,564
	625,000	0.000%, 9/30/2023^b,c		621,094
		Scientific Games International, Inc., Term Loan
	404,599	6.000%, 10/18/2020		405,736
	920,865	6.000%, 10/1/2021		922,274

		Total		7,268,912


	Consumer Non-Cyclical (0.1%)
		Albertson’s, LLC, Term Loan
	676,604	4.750%, 12/21/2022		682,951
	400,000	4.750%, 6/22/2023		403,820
		Endo Luxembourg Finance I Co Sarl, Term Loan
	580,613	3.750%, 9/26/2022		578,998
		Mallinckrodt International Finance SA, Term Loan
	272,911	3.588%, 3/19/2021		272,827
		McGraw-Hill Global Education Holdings, LLC, Term Loan
	802,988	5.000%, 5/4/2022		807,203
		Ortho-Clinical Diagnostics, Inc., Term Loan
	1,022,895	4.750%, 6/30/2021		999,031


Principal Amount		Bank Loans (0.9%)^a	Value
	Consumer Non-Cyclical (0.1%) - continued
		Valeant Pharmaceuticals International, Inc., Term Loan
	$1,795,422	5.500%, 4/1/2022		$1,800,090

		Total		5,544,920


	Energy (0.1%)
		Altice US Finance I Corporation, Term Loan
	563,854	4.250%, 12/14/2022		567,378
		Arch Coal, Inc., Term Loan
	2,554,176	7.500%, 5/16/2018^d		1,949,679
		Energy Solutions, LLC, Term Loan
	400,446	6.750%, 5/29/2020		398,443
		Expro Holdings UK 2, Ltd., Term Loan
	441,000	5.750%, 9/2/2021		368,098
		Houston Fuel Oil Terminal, LLC, Term Loan
	831,697	4.250%, 8/19/2021		815,064
		McJunkin Red Man Corporation, Term Loan
	406,063	5.000%, 11/8/2019		395,574
		Pacific Drilling SA, Term Loan
	478,912	4.500%, 6/3/2018		131,940
		Targa Resources Partners, LP, Term Loan
	168,628	5.750%, 2/27/2022		168,628
		Western Refining, Inc., Term Loan
	403,987	5.500%, 6/23/2023		402,978

		Total		5,197,782


	Financials (0.1%)
		DJO Finance, LLC, Term Loan
	544,500	4.250%, 6/7/2020		534,291
		Harland Clarke Holdings Corporation, Term Loan
	698,438	6.993%, 8/4/2019		685,048
	121,875	7.000%, 12/31/2019		119,407
		MoneyGram International, Inc., Term Loan
	856,394	4.250%, 3/27/2020		828,561
		WaveDivision Holdings, LLC, Term Loan
	962,964	4.000%, 10/15/2019		962,560

		Total		3,129,867


	Technology (0.1%)
		Avago Technoligies Cayman Finance, Ltd., Term Loan
	995,211	3.524%, 2/1/2023		1,006,546
		First Data Corporation, Term Loan
	1,379,255	4.525%, 3/24/2021		1,388,828
	740,000	4.275%, 7/8/2022		743,885
		NXP BV, Term Loan
	365,000	0.000%, 12/7/2020^b,c		366,278
		ON Semiconductor Corporation, Term Loan
	1,090,000	3.776%, 9/19/2023^b,c		1,094,480
		SS&C European Holdings SARL, Term Loan
	31,858	4.000%, 7/8/2022		32,077
	256,362	4.000%, 7/8/2022		258,126


Principal Amount		Bank Loans (0.9%)^a	Value
	Technology (0.1%) - continued
		Western Digital Corporation, Term Loan
	$1,042,388	4.500%, 4/29/2023		$1,052,165

		Total		5,942,385


	Transportation (<0.1%)
		OSG Bulk Ships, Inc., Term Loan
	613,821	5.250%, 8/5/2019		611,520
		XPO Logistics, Inc., Term Loan
	749,871	4.250%, 10/30/2021		753,777

		Total		1,365,297


	Utilities (<0.1%)
		Intergen NV, Term Loan
	424,332	5.500%, 6/12/2020		398,872

		Total		398,872



		Total Bank Loans (cost $50,136,343)		49,175,890


Shares		Common Stock (40.8%)	Value
	Consumer Discretionary (5.8%)
	78,794	Aaron’s, Inc.		2,002,943
	57,252	Amazon.com, Inc.^e		47,937,672
	13,070	American Axle & Manufacturing Holdings, Inc.^e		225,065
	19,506	American Public Education, Inc.^e		386,414
	6,400	Aramark		243,392
	10,650	Armstrong Flooring, Inc.^e		201,072
	12,650	Ascent Capital Group, Inc.^e		293,101
	11,480	AutoZone, Inc.^e		8,820,543
	54,410	Barnes & Noble, Inc.		614,833
	500	Bayerische Motoren Werke AG		36,902
	25,270	Beazer Homes USA, Inc.^e		294,648
	35,880	Bed Bath & Beyond, Inc.		1,546,787
	300	Beiersdorf AG		28,318
	6,600	Berkeley Group Holdings plc		220,529
	9,670	Best Buy Company, Inc.		369,201
	13,220	Big 5 Sporting Goods Corporation		180,056
	30,820	Bloomin’ Brands, Inc.		531,337
	15,480	BorgWarner, Inc.		544,586
	1,000	Brembo SPA		59,672
	8,300	Bridgestone Corporation		305,803
	87,199	Brunswick Corporation		4,253,567
	2,410	Buffalo Wild Wings, Inc.^e		339,183
	4,336	Bunzl plc		127,861
	41,771	Burlington Stores, Inc.^e		3,384,286
	31,520	Caleres, Inc.		797,141
	54,890	Callaway Golf Company		637,273
	5,000	Calsonic Kansei Corporation		46,317
	52,100	Carter’s, Inc.		4,517,591
	27,845	Cedar Fair, LP		1,595,240
	19,600	Cheesecake Factory, Inc.		981,176
	100	Christian Dior SE		17,935
	11,460	Chuy’s Holdings, Inc.^e		320,192
	23,070	Cinemark Holdings, Inc.		883,120
	6,600	Cineworld Group plc		49,585
	12,450	ClubCorp Holdings, Inc.		180,152
	314,706	Comcast Corporation		20,877,596
	1,900	Compass Group plc		36,796
	200	Continental AG		42,140
	90,833	Core-Mark Holding Company, Inc.		3,251,821
	30,482	CSS Industries, Inc.		779,730
	35,944	Culp, Inc.		1,070,053
	76,980	Dana, Inc.		1,200,118


Shares		Common Stock (40.8%)	Value
	Consumer Discretionary (5.8%) - continued
	22,300	Debenhams plc		$16,108
	5,330	Deckers Outdoor Corporation^e		317,402
	64,079	Delphi Automotive plc		4,570,114
	10,300	Denso Corporation		411,017
	13,170	DeVry Education Group, Inc.		303,700
	11,493	Discovery Communications, Inc., Class A^e,f		309,392
	31,500	Dish DBS Corporation^e		1,725,570
	24,740	Dollar General Corporation		1,731,553
	64,285	Dollar Tree, Inc.^e		5,074,015
	15,970	Domino’s Pizza, Inc.		2,425,045
	60,930	DSW, Inc.		1,247,846
	78,880	Duluth Holdings, Inc.^e,f		2,091,109
	3,860	EchoStar Corporation^e		169,184
	41,720	Etsy, Inc.^e		595,762
	9,300	Eutelsat Communications		192,486
	17,830	Expedia, Inc.		2,081,118
	38,300	Finish Line, Inc.		883,964
	9,300	Fuji Heavy Industries, Ltd.		348,931
	43,670	Gentex Corporation		766,845
	51,668	G-III Apparel Group, Ltd.^e		1,506,122
	180,050	GNC Holdings, Inc.		3,676,621
	12,000	Gunze, Ltd.		38,768
	2,300	Hakuhodo Dy Holdings, Inc.		26,956
	82,878	Harley-Davidson, Inc.		4,358,554
	32,676	Harman International Industries, Inc.		2,759,488
	41,420	Haverty Furniture Companies, Inc.		830,057
	700	Hennes & Mauritz AB		19,758
	135,450	Home Depot, Inc.		17,429,706
	22,900	Honda Motor Company, Ltd.		660,901
	73,950	Houghton Mifflin Harcourt Company^e		991,670
	8,460	HSN, Inc.		336,708
	12,900	Inchcape plc		110,072
	19,730	Interpublic Group of Companies, Inc.		440,965
	2,000	Intertek Group plc		90,287
	19,640	Interval Leisure Group, Inc.		337,219
	7,240	Jack in the Box, Inc.		694,606
	13,990	John Wiley and Sons, Inc.		722,024
	65,367	Kate Spade & Company^e		1,119,737
	5,900	Kingfisher plc		28,786
	500	Koito Manufacturing Company, Ltd.		24,335
	900	KOMERI Company, Ltd.		21,901
	17,149	L Brands, Inc.		1,213,635
	157,467	Las Vegas Sands Corporation		9,060,651
	29,925	La-Z-Boy, Inc.		734,958
	3,650	Lear Corporation		442,453
	70,530	Liberty Interactive Corporation^e		1,411,305
	775	Linamar Corporation		32,360
	24,961	Lithia Motors, Inc.		2,384,275
	63,360	LKQ Corporation^e		2,246,746
	69,130	Lowe’s Companies, Inc.		4,991,877
	12,530	Lululemon Athletica, Inc.^e		764,079
	700	LVMH Moet Hennessy Louis Vuitton SE		119,358
	3,600	Marks and Spencer Group plc		15,444
	30,880	Masonite International Corporation^e		1,919,810
	54,902	MDC Partners, Inc.^f		588,549
	13,020	Meredith Corporation		676,910
	4,450	Meritage Homes Corporation^e		154,415
	1,770	Mohawk Industries, Inc.^e		354,602
	4,030	Monro Muffler Brake, Inc.		246,515
	2,670	Murphy USA, Inc.^e		190,531
	23,587	New Media Investment Group, Inc.		365,599
	100,160	Newell Brands, Inc.		5,274,426
	28,660	News Corporation, Class A		400,667
	800	Nifco, Inc.		42,501


Shares		Common Stock (40.8%)	Value
	Consumer Discretionary (5.8%) - continued
	124,070	NIKE, Inc.		$6,532,285
	1,200	Nokian Renkaat Oyj		43,752
	67,437	Nord Anglia Education, Inc.^e,f		1,468,778
	215,761	Nutrisystem, Inc.		6,405,944
	10,457	O’Reilly Automotive, Inc.^e		2,929,110
	61,995	Oxford Industries, Inc.		4,197,061
	300	Paddy Power plc		33,923
	55,720	Papa John’s International, Inc.		4,393,522
	105,354	Papa Murphy’s Holdings, Inc.^e,f		679,533
	50,240	Penn National Gaming, Inc.^e		681,757
	13,800	Persimmon plc		324,472
	3,260	Priceline Group, Inc.^e		4,797,057
	38,394	PVH Corporation		4,242,537
	10,992	Ralph Lauren Corporation		1,111,731
	28,030	Rent-A-Center, Inc.		354,299
	14,810	Restoration Hardware Holdings, Inc.^e,f		512,130
	17,860	Retailmenot, Inc.^e		176,635
	81,514	Ross Stores, Inc.		5,241,350
	12,510	Royal Caribbean Cruises, Ltd.		937,625
	500	RTL Group SA		41,538
	30,990	Ruth’s Hospitality Group, Inc.		437,579
	15,170	Sally Beauty Holdings, Inc.^e,f		389,566
	48,000	Scripps Networks Interactive, Inc.		3,047,520
	3,200	Sekisui House, Ltd.		54,517
	19,700	Select Comfort Corporation^e		425,520
	3,300	SHOWA Corporation		17,389
	14,460	Signet Jewelers, Ltd.		1,077,704
	2,000	Sky plc		23,180
	28,157	Sportsman’s Warehouse Holdings, Inc.^e		296,212
	21,180	Staples, Inc.		181,089
	120,030	Starbucks Corporation		6,498,424
	52,184	Stein Mart, Inc.		331,368
	11,440	Steven Madden, Ltd.^e		395,366
	9,000	Sumitomo Forestry Company, Ltd.		120,453
	5,700	Sumitomo Rubber Industries, Ltd.		86,218
	400	Swatch Group AG		22,272
	22,580	Tailored Brands, Inc.		354,506
	10,500	Tatts Group, Ltd.		29,511
	27,820	Tegna, Inc.		608,145
	21,990	Tempur-Pedic International, Inc.^e,f		1,247,713
	16,499	Tenneco, Inc.^e		961,397
	8,320	Tiffany & Company^f		604,282
	60,750	Time, Inc.		879,660
	63,710	TJX Companies, Inc.		4,764,234
	96,097	Toll Brothers, Inc.^e		2,869,456
	75,808	Tower International, Inc.		1,826,973
	400	Toyota Motor Corporation		23,203
	138,578	Tuesday Morning Corporation^e		828,696
	2,730	Tupperware Brands Corporation		178,460
	4,652	Ulta Salon Cosmetics & Fragrance, Inc.^e		1,107,083
	14,432	Under Armour, Inc., Class A^e,f		558,230
	14,534	Under Armour, Inc., Class C^e		492,121
	14,910	Vail Resorts, Inc.		2,339,081
	106	Valora Holding AG		30,207
	38,650	Vera Bradley, Inc.^e		585,548
	21,146	VF Corporation		1,185,233
	10,130	Visteon Corporation		725,916
	15,250	Vitamin Shoppe, Inc.^e		409,463
	5,000	Wacoal Holdings Corporation		56,439
	76,570	Walt Disney Company		7,110,290
	5,900	Whirlpool Corporation		956,744
	1,300	Whitbread plc		65,978
	53,090	Wingstop, Inc.^f		1,555,537


Shares		Common Stock (40.8%)	Value
	Consumer Discretionary (5.8%) - continued
	8,335	Wolters Kluwer NV		$356,333
	6,200	WPP plc		145,734
	3,300	Yokohama Rubber Company, Ltd.		52,824
	26,060	Yum! Brands, Inc.		2,366,509
	46,640	Zoe’s Kitchen, Inc.^e,f		1,034,942

		Total		300,169,679


	Consumer Staples (1.5%)
	45,168	AdvancePierre Foods Holdings, Inc.		1,244,830
	5,000	Axfood AB		88,270
	12,700	Blue Buffalo Pet Products, Inc.^e		301,752
	2,341	British American Tobacco plc		149,299
	25,400	Brown-Forman Corporation		1,204,976
	28,540	Campbell Soup Company		1,561,138
	25,760	Casey’s General Stores, Inc.		3,095,064
	128,160	Coca-Cola Company		5,423,731
	8,900	Coca-Cola HBC AG		206,760
	205,510	CVS Health Corporation		18,288,335
	11,354	e.l.f. Beauty, Inc.^e,f		319,274
	1,800	Ebro Foods SA		41,869
	35,210	Estee Lauder Companies, Inc.		3,118,198
	140,120	Flowers Foods, Inc.^f		2,118,614
	11,410	General Mills, Inc.		728,871
	290	George Weston, Ltd.		24,191
	54,816	Hain Celestial Group, Inc.^e		1,950,353
	1,900	Henkel AG & Company KGaA		221,606
	13,804	Imperial Brands plc		710,497
	14,100	Ingredion, Inc.		1,876,146
	5,474	J & J Snack Foods Corporation		652,063
	1,800	Jeronimo Martins SGPS SA		31,197
	2,000	Kao Corporation		113,076
	900	Kesko Oyj		41,463
	13,430	Kimberly-Clark Corporation		1,694,060
	24,282	Koninklijke Ahold Delhaize NV		553,049
	3,370	Lancaster Colony Corporation		445,143
	7,300	Molson Coors Brewing Company		801,540
	26,048	Monster Beverage Corporation^e		3,824,107
	2,700	Nestle SA		213,203
	14,690	PepsiCo, Inc.		1,597,831
	28,016	Philip Morris International, Inc.		2,723,716
	119,230	Pinnacle Foods, Inc.		5,981,769
	586	Premium Brands Holdings Corporation		27,604
	22,930	Procter & Gamble Company		2,057,967
	57,859	SpartanNash Company		1,673,282
	2,200	Suedzucker AG		61,184
	24,744	United Natural Foods, Inc.^e		990,750
	3,130	Universal Corporation		182,229
	83,510	Walgreens Boots Alliance, Inc.		6,732,576
	145,600	WhiteWave Foods Company^e		7,925,008

		Total		80,996,591


	Energy (5.7%)
	8,810	Anadarko Petroleum Corporation		558,202
	164,385	Archrock, Inc.		2,150,156
	69,484	Atwood Oceanics, Inc.^f		603,816
	331,666	Baker Hughes, Inc.		16,739,183
	6,615	Baytex Energy Corporation^e		28,085
	167,283	BP plc		975,043
	38,918	Bristow Group, Inc.		545,630
	16,810	California Resources Corporation^e,f		210,125
	332,057	Callon Petroleum Company^e		5,213,295
	341,150	Canadian Natural Resources, Ltd.		10,930,446
	266,270	Chevron Corporation		27,404,508
	43,665	Cimarex Energy Company		5,867,266
	12,939	Clayton Williams Energy, Inc.^e,f		1,105,508


Shares		Common Stock (40.8%)	Value
	Energy (5.7%) - continued
	132,790	Clean Energy Fuels Corporation^e,f		$593,571
	1,105,474	Cobalt International Energy, Inc.^e		1,370,788
	91,004	Concho Resources, Inc.^e		12,499,399
	98,860	ConocoPhillips		4,297,444
	120,520	Continental Resources, Inc.^e		6,262,219
	2,631	Contura Energy, Inc.^e		109,844
	48,810	Delek US Holdings, Inc.		843,925
	73,580	Devon Energy Corporation		3,245,614
	24,990	Diamond Offshore Drilling, Inc.^f		440,074
	29,753	Diamondback Energy, Inc.^e		2,872,355
	129,892	Ensco plc		1,104,082
	168,400	EOG Resources, Inc.		16,285,964
	42,830	EP Energy Corporation^e,f		187,595
	265,271	EQT Corporation		19,263,980
	92,270	Exxon Mobil Corporation		8,053,326
	36,120	Frank’s International NV		469,560
	27,840	Green Plains, Inc.		729,408
	6,590	Gulfport Energy Corporation^e		186,168
	96,740	Halliburton Company		4,341,691
	20,444	HollyFrontier Corporation		500,878
	64,650	Hornbeck Offshore Services, Inc.^e,f		355,575
	11,550	Kinder Morgan, Inc.		267,152
	916,108	Marathon Oil Corporation		14,483,667
	395,330	Marathon Petroleum Corporation		16,046,445
	9,360	Murphy Oil Corporation		284,544
	345,210	Nabors Industries, Ltd.		4,197,754
	10,220	Newfield Exploration Company^e		444,161
	7,880	Noble Energy, Inc.		281,631
	92,965	Oasis Petroleum, Inc.^e		1,066,309
	9,820	Oceaneering International, Inc.		270,148
	12,920	Oil States International, Inc.^e		407,884
	7,727	OMV AG		222,477
	161,803	Parsley Energy, Inc.^e		5,422,019
	195,650	Patterson-UTI Energy, Inc.		4,376,690
	2,900	PDC Energy, Inc.^e		194,474
	113,280	Pioneer Energy Services Corporation^e		457,651
	41,150	Pioneer Natural Resources Company		7,639,498
	265,220	Rowan Companies plc		4,020,735
	6,660	Royal Dutch Shell plc		166,199
	188,972	Royal Dutch Shell plc ADR		9,461,828
	286	Royal Dutch Shell plc, Class A		7,115
	15,327	Royal Dutch Shell plc, Class B		397,361
	99,485	RPC, Inc.^e,f		1,671,348
	14,410	RSP Permian, Inc.^e		558,820
	247,270	Schlumberger, Ltd.		19,445,313
	30,020	SemGroup Corporation		1,061,507
	8,040	SM Energy Company		310,183
	6,461	Statoil ASA		108,469
	550,910	Suncor Energy, Inc. ADR		15,304,280
	8,220	Superior Energy Services, Inc.		147,138
	38,770	Teekay Corporation^f		298,917
	90,801	Teekay Tankers, Ltd.		229,727
	52,394	Tesco Corporation		427,535
	129,410	TETRA Technologies, Inc.^e		790,695
	6,024	Total SA^f		286,506
	69,918	U.S. Silica Holdings, Inc.^f		3,255,382
	1,690	Vantage Drilling International^e		133,510
	1,389,230	Weatherford International plc^e		7,807,473
	1,287,600	WPX Energy, Inc.^e		16,983,444

		Total		295,280,712


	Financials (4.5%)
	27,528	Affiliated Managers Group, Inc.^e		3,983,302
	3,800	AIA Group, Ltd.		25,554
	6,300	Allianz SE		936,249


Shares		Common Stock (40.8%)	Value
	Financials (4.5%) - continued
	35,520	Allied World Assurance Company Holdings AG		$1,435,718
	11,420	American Capital Mortgage Investment Corporation		196,310
	9,440	American Financial Group, Inc.		708,000
	30,810	American International Group, Inc.		1,828,265
	77,457	Ameris Bancorp		2,707,122
	13,580	AMERISAFE, Inc.		798,232
	96,890	Anworth Mortgage Asset Corporation		476,699
	35,649	Argo Group International Holdings, Ltd.		2,011,317
	49,670	Aspen Insurance Holdings, Ltd.		2,314,125
	15,440	Associated Banc-Corp		302,470
	142,190	Assured Guaranty, Ltd.		3,945,772
	14,200	Australia & New Zealand Banking Group, Ltd.		302,482
	24,600	Banco Santander SA		109,135
	86,920	BancorpSouth, Inc.		2,016,544
	305,370	Bank of America Corporation		4,779,041
	17,200	Bank of East Asia, Ltd.		70,200
	3,398	Bank of Montreal		222,666
	34,170	Bank of New York Mellon Corporation		1,362,700
	11,645	Bank of Nova Scotia		617,066
	50,852	Bank of the Ozarks, Inc.		1,952,717
	19,520	BankFinancial Corporation		247,904
	87,280	BB&T Corporation		3,292,202
	56,580	Beneficial Bancorp, Inc.		832,292
	95,540	Blackstone Group, LP		2,439,136
	167,440	Boston Private Financial Holdings, Inc.		2,148,255
	79,800	Brookline Bancorp, Inc.		972,762
	40,220	Brown & Brown, Inc.		1,516,696
	342	Canadian Imperial Bank of Commerce		26,519
	1,230	Canadian Western Bank		23,673
	29,600	Capital One Financial Corporation		2,126,168
	211,520	Capstead Mortgage Corporation		1,994,634
	23,640	Cathay General Bancorp		727,639
	46,000	Central Pacific Financial Corporation		1,158,740
	17,200	Charles Schwab Corporation		543,004
	41,424	Chemical Financial Corporation		1,828,041
	7,000	Chiba Bank, Ltd.		39,754
	17,280	Chubb, Ltd.		2,171,232
	4,184	CI Financial Corporation		80,271
	139,020	Citigroup, Inc.		6,565,915
	23,500	Clifton Bancorp, Inc.		359,315
	8,000	CNP Assurances		134,408
	183,142	CoBiz Financial, Inc.		2,437,620
	40,332	Columbia Banking System, Inc.		1,319,663
	67,890	Comerica, Inc.		3,212,555
	1,300	Danske Bank AS		38,033
	25,932	Direct Line Insurance Group plc		122,495
	203,350	E*TRADE Financial Corporation^e		5,921,552
	114,663	East West Bancorp, Inc.		4,209,279
	4,920	Eaton Vance Corporation		192,126
	45,874	Employers Holdings, Inc.		1,368,421
	12,450	Endurance Specialty Holdings, Ltd.		814,852
	25,990	Enova International, Inc.^e		251,583
	7,200	Erste Group Bank AG		213,205
	61,902	Essent Group, Ltd.^e		1,647,212
	31,527	Evercore Partners, Inc.		1,623,956
	1,400	EXOR SPA		56,688
	41,510	F.N.B. Corporation		510,573
	29,000	Federated Investors, Inc.		859,270
	246,640	Fifth Third Bancorp		5,046,254
	15,560	First American Financial Corporation		611,197


Shares		Common Stock (40.8%)	Value
	Financials (4.5%) - continued
	120,270	First Commonwealth Financial Corporation		$1,213,524
	28,580	First Financial Bancorp		624,187
	12,440	First Financial Corporation		506,059
	26,360	First Horizon National Corporation		401,463
	9,950	First Merchants Corporation		266,163
	152,410	First Midwest Bancorp, Inc.		2,950,658
	15,170	First NBC Bank Holding Company^e		143,205
	83,661	First Republic Bank		6,451,100
	35,700	FlexiGroup, Ltd.		63,742
	6,010	Franklin Resources, Inc.		213,776
	53,000	Fukuoka Financial Group, Inc.		220,286
	132,320	Genworth Financial, Inc.^e		656,307
	1,962	Genworth MI Canada, Inc.^f		50,488
	34,769	Glacier Bancorp, Inc.		991,612
	62,750	Goldman Sachs Group, Inc.		10,119,692
	82,520	Great Western Bancorp, Inc.		2,749,566
	78,197	Green Bancorp, Inc.^e		854,693
	31,230	Greenhill & Company, Inc.		736,091
	200	Groupe Bruxelles Lambert SA		17,753
	40,460	Hancock Holding Company		1,312,118
	6,700	Hang Seng Bank, Ltd.		120,274
	175,443	Hanmi Financial Corporation		4,621,169
	3,100	Hannover Rueckversicherung SE		332,307
	19,440	Hanover Insurance Group, Inc.		1,466,165
	16,210	Hartford Financial Services Group, Inc.		694,112
	43,400	Henderson Group plc		130,282
	88,608	Home BancShares, Inc.		1,843,932
	7,490	HomeStreet, Inc.^e		187,699
	10,770	Hometrust Bancshares, Inc.^e		199,245
	129,891	Hope Bancorp, Inc.		2,256,207
	55,670	Horace Mann Educators Corporation		2,040,305
	50,754	Houlihan Lokey, Inc.		1,271,388
	237,050	Huntington Bancshares, Inc.		2,337,313
	6,142	Infinity Property & Casualty Corporation		507,513
	1,761	Intact Financial Corporation		127,302
	24,059	Intercontinental Exchange, Inc.		6,480,532
	85,290	Invesco, Ltd.		2,667,018
	33,900	Investec plc		206,645
	81,180	Investors Bancorp, Inc.		974,972
	198,121	Janus Capital Group, Inc.		2,775,675
	337,620	KeyCorp		4,108,835
	49,266	Kinsale Capital Group, Inc.		1,083,852
	6,140	Lazard, Ltd.		223,250
	9,809	Lincoln National Corporation		460,827
	19,540	LPL Financial Holdings, Inc.^f		584,441
	18,900	M&T Bank Corporation		2,194,290
	4,500	Macquarie Group, Ltd.		284,600
	450	Markel Corporation^e		417,946
	74,440	MetLife, Inc.		3,307,369
	111,000	Mizuho Financial Group, Inc.		187,084
	96,980	Morgan Stanley		3,109,179
	2,100	MS and AD Insurance Group Holdings, Inc.		58,530
	2,100	National Australia Bank, Ltd.		45,142
	53,270	National Bank Holdings Corporation		1,244,920
	13,053	National Bank of Canada		462,842
	3,110	Navigators Group, Inc.		301,421
	25,790	NMI Holdings, Inc.^e		196,520
	6,300	Nordea Bank AB		62,562
	2,710	Northern Trust Corporation		184,253
	50,120	NorthStar Realty Europe Corporation		548,814
	9,300	Old Mutual plc		24,377
	64,455	PacWest Bancorp		2,765,764


Shares		Common Stock (40.8%)	Value
	Financials (4.5%) - continued
	4,270	Piper Jaffray Companies^e		$206,241
	7,954	Power Corporation of Canada		168,483
	1,128	Power Financial Corporation		26,138
	51,410	Primerica, Inc.^f		2,726,272
	21,260	Principal Financial Group, Inc.		1,095,103
	3,770	Prosperity Bancshares, Inc.		206,935
	51,700	Provident Financial Services, Inc.		1,097,591
	66,563	Raymond James Financial, Inc.		3,874,632
	13,180	Redwood Trust, Inc.		186,629
	40,955	Renasant Corporation		1,377,317
	3,567	Safety Insurance Group, Inc.		239,774
	43,043	Sandy Spring Bancorp, Inc.		1,316,255
	1,404	Schroders plc		49,029
	7,670	SEI Investments Company		349,829
	528,170	SLM Corporation^e		3,945,430
	29,440	Stewart Information Services Corporation		1,308,608
	105,319	Stifel Financial Corporation^e		4,049,516
	28,580	SunTrust Banks, Inc.		1,251,804
	50,079	SVB Financial Group^e		5,535,733
	5,200	Swiss Re AG		469,656
	104,820	Synchrony Financial		2,934,960
	82,910	Synovus Financial Corporation		2,697,062
	12,600	T&D Holdings, Inc.		142,142
	1,000	Talanx AG		30,515
	160,230	TCF Financial Corporation		2,324,937
	94,284	TD Ameritrade Holding Corporation		3,322,568
	10,710	Territorial Bancorp, Inc.		306,949
	700	Tokio Marine Holdings, Inc.		26,845
	2,130	Toronto-Dominion Bank		94,555
	25,395	TriCo Bancshares		679,824
	136,010	TrustCo Bank Corporation		964,311
	9,780	Trustmark Corporation		269,537
	7,130	Union Bankshares Corporation		190,870
	4,990	United Bankshares, Inc.^f		187,973
	70,990	United Community Banks, Inc.		1,492,210
	73,700	United Financial Bancorp, Inc.		1,020,008
	16,514	United Overseas Bank, Ltd.		229,112
	9,570	Unum Group		337,917
	11,960	Virtu Financial, Inc.		179,041
	11,050	Voya Financial, Inc.		318,461
	26,466	Western Alliance Bancorp^e		993,534
	15,900	Westpac Banking Corporation		361,760
	12,970	Wintrust Financial Corporation		720,743
	41,010	WisdomTree Investments, Inc.^f		421,993
	14,323	WSFS Financial Corporation		522,646
	283,063	Zions Bancorporation		8,780,614

		Total		235,458,198


	Health Care (5.1%)
	286,612	Abbott Laboratories		12,120,822
	26,854	ABIOMED, Inc.^e		3,452,887
	57,486	Acadia Healthcare Company, Inc.^e,f		2,848,431
	5,360	Acceleron Pharma, Inc.^e		193,978
	7,890	Aceto Corporation		149,831
	30,250	Advaxis, Inc.^e,f		323,373
	29,110	Aerie Pharmaceuticals, Inc.^e		1,098,611
	19,750	Aetna, Inc.		2,280,138
	100,438	Akorn, Inc.^e		2,737,940
	106,680	Alexion Pharmaceuticals, Inc.^e		13,072,567
	23,852	Align Technology, Inc.^e		2,236,125
	76,626	Allergan plc^e		17,647,734
	16,610	Amgen, Inc.		2,770,714
	27,210	Analogic Corporation		2,410,806
	99,313	Asterias Biotherapeutics, Inc.^e,f		421,087
	2,584	Atrion Corporation		1,102,334


Shares		Common Stock (40.8%)	Value
	Health Care (5.1%) - continued
	3,810	Biogen, Inc.^e		$1,192,644
	28,474	BioMarin Pharmaceutical, Inc.^e		2,634,415
	11,450	Boston Scientific Corporation^e		272,510
	9,600	Bristol-Myers Squibb Company		517,632
	10,487	C.R. Bard, Inc.		2,352,024
	62,072	Cardiovascular Systems, Inc.^e		1,473,589
	32,410	Catalent, Inc.^e		837,474
	163,870	Celgene Corporation^e		17,129,331
	31,354	Centene Corporation^e		2,099,464
	2,480	Charles River Laboratories International, Inc.^e		206,683
	8,390	Chemed Corporation		1,183,577
	12,380	CONMED Corporation		495,943
	42,000	Cooper Companies, Inc.		7,528,920
	13,870	Cross Country Healthcare, Inc.^e		163,389
	2,400	CSL, Ltd.		197,354
	73,470	Dentsply Sirona, Inc.		4,366,322
	62,924	Depomed, Inc.^e,f		1,572,471
	17,350	Dexcom, Inc.^e		1,520,901
	57,020	Edwards Lifesciences Corporation^e		6,874,331
	6,540	Emergent Biosolutions, Inc.^e		206,206
	54,030	Ensign Group, Inc.		1,087,624
	92,415	Envision Healthcare Holdings, Inc.^e		2,058,082
	4,854	Essilor International SA		626,148
	43,560	Express Scripts Holding Company^e		3,072,287
	266,505	Gilead Sciences, Inc.		21,085,876
	12,370	Global Blood Therapeutics, Inc.^e,f		285,129
	10,390	Globus Medical, Inc.^e		234,502
	3,700	Grifols SA		79,755
	5,640	Halyard Health, Inc.^e		195,482
	19,200	HCA Holdings, Inc.^e		1,452,096
	25,137	HealthEquity, Inc.^e		951,435
	24,540	Healthways, Inc.^e		649,328
	16,170	Heska Corporation^e		880,133
	3,900	Hikma Pharmaceuticals plc		101,874
	11,250	Hill-Rom Holdings, Inc.		697,275
	104,230	Hologic, Inc.^e		4,047,251
	330	ICON plc^e		25,532
	8,290	ICU Medical, Inc.^e		1,047,690
	20,649	Impax Laboratories, Inc.^e		489,381
	50,789	Inogen, Inc.^e		3,042,261
	94,917	Intersect ENT, Inc.^e		1,503,485
	13,170	Intra-Cellular Therapies, Inc.^e		200,711
	45,526	Ironwood Pharmaceuticals, Inc.^e		722,953
	75,880	Kindred Healthcare, Inc.		775,494
	700	Lonza Group AG		133,979
	22,360	Magellan Health Services, Inc.^e		1,201,403
	67,638	Medtronic plc		5,843,923
	122,210	Merck & Company, Inc.		7,627,126
	2,100	Merck KGaA		226,517
	7,008	Mettler-Toledo International, Inc.^e		2,942,169
	57,200	Mylan NV^e		2,180,464
	19,634	National Healthcare Corporation		1,295,648
	5,780	Natural Health Trends Corporation^f		163,343
	3,240	Neogen Corporation^e		181,246
	39,814	Neurocrine Biosciences, Inc.^e		2,016,181
	39,064	Nevro Corporation^e,f		4,077,891
	6,900	Novartis AG		544,550
	6,900	Novo Nordisk AS		287,583
	99,520	NuVasive, Inc.^e		6,634,003
	62,810	Omnicell, Inc.^e		2,405,623
	97,710	OraSure Technologies, Inc.^e		778,749
	11,370	Orthofix International NV^e		486,295
	57,740	PDL BioPharma, Inc.		193,429
	35,830	PerkinElmer, Inc.		2,010,421
	24,790	Perrigo Company plc		2,288,861


Shares		Common Stock (40.8%)	Value
	Health Care (5.1%) - continued
	257,550	Pfizer, Inc.		$8,723,219
	26,790	PharMerica Corporation^e		751,995
	8,600	Prothena Corporation plc^e		515,742
	6,630	Puma Biotechnology, Inc.^e,f		444,542
	5,830	ResMed, Inc.		377,726
	50,930	Roche Holding AG ADR		1,577,302
	800	Roche Holding AG-Genusschein		198,799
	6,000	Sanofi		456,908
	75,511	Team Health Holdings, Inc.^e		2,458,638
	48,905	Teleflex, Inc.		8,218,485
	34,753	Triple-S Management Corporation^e		762,133
	48,196	UnitedHealth Group, Inc.		6,747,440
	42,497	Universal Health Services, Inc.		5,236,480
	9,780	VCA Antech, Inc.^e		684,404
	65,190	Veeva Systems, Inc.^e		2,691,043
	128,177	Vertex Pharmaceuticals, Inc.^e		11,178,316
	6,550	Waters Corporation^e		1,038,110
	2,110	Wellcare Health Plans, Inc.^e		247,060
	24,760	West Pharmaceutical Services, Inc.		1,844,620
	47,800	Wright Medical Group NV^e		1,172,534
	33,020	Ziopharm Oncology, Inc.^e,f		185,903
	39,660	Zoetis, Inc.		2,062,717

		Total		264,097,862


	Industrials (4.7%)
	41,349	3M Company		7,286,934
	6,000	ABB, Ltd.		135,228
	29,550	ABM Industries, Inc.		1,173,135
	2,000	Adecco SA		112,731
	49,166	Aegion Corporation^e		937,596
	11,750	Aerovironment, Inc.^e		286,818
	19,500	AGCO Corporation		961,740
	25,313	Air New Zealand, Ltd.		34,336
	7,000	Allison Transmission Holdings, Inc.		200,760
	3,300	Amada Holdings Company, Ltd.		34,328
	900	Andritz AG		48,976
	81,710	Ardmore Shipping Corporation		575,238
	17,000	Asahi Glass Company, Ltd.		109,921
	20,748	Astec Industries, Inc.		1,242,183
	1,100	Atlas Copco Aktiebolag		33,115
	37,050	AZZ, Inc.		2,418,254
	50,376	B/E Aerospace, Inc.		2,602,424
	2,700	Babcock International Group plc		36,147
	40,530	Barnes Group, Inc.		1,643,492
	1,500	Berendsen plc		24,115
	18,310	Boeing Company		2,412,159
	7,320	Brady Corporation		253,345
	400	Brenntag AG		21,860
	168,910	BWX Technologies, Inc.		6,481,077
	4,419	Canadian National Railway Company		288,863
	1,900	Capita plc		16,459
	42,130	Carlisle Companies, Inc.		4,321,274
	15,950	Caterpillar, Inc.		1,415,881
	15,000	Cathay Pacific Airways, Ltd.		20,969
	15,630	CBIZ, Inc.^e		174,900
	11,710	CEB, Inc.		637,844
	21,522	CIRCOR International, Inc.		1,281,850
	48,883	CLARCOR, Inc.		3,177,395
	30,300	Colfax Corporation^e		952,329
	46,638	Comfort Systems USA, Inc.		1,366,960
	37,620	Commercial Vehicle Group, Inc.^e		217,444
	43,600	Copart, Inc.^e		2,335,216
	6,270	Crane Company		395,073
	73,660	CSX Corporation		2,246,630
	90,990	Cummins, Inc.		11,660,368
	21,340	Curtiss-Wright Corporation		1,944,287


Shares		Common Stock (40.8%)	Value
	Industrials (4.7%) - continued
	4,000	Dai Nippon Printing Company, Ltd.		$39,239
	2,862	Dart Group plc		15,543
	200	DCC plc		18,171
	125,470	Delta Air Lines, Inc.		4,938,499
	2,380	Deluxe Corporation		159,032
	3,100	Deutsche Post AG		97,057
	49,240	Donaldson Company, Inc.		1,838,129
	2,100	DSV AS		104,780
	2,500	East Japan Railway Company		225,660
	58,343	EMCOR Group, Inc.		3,478,410
	31,160	EnerSys		2,155,960
	9,195	Equifax, Inc.		1,237,463
	31,910	ESCO Technologies, Inc.		1,481,262
	6,540	Expeditors International of Washington, Inc.		336,941
	46,008	Federal Signal Corporation		610,066
	3,110	Flowserve Corporation		150,026
	600	Flughafen Zuerich AG		117,296
	6,710	Fortive Corporation		341,539
	85,650	Fortune Brands Home and Security, Inc.		4,976,265
	29,716	Franklin Electric Company, Inc.		1,209,738
	1,400	Fraport AG Frankfurt Airport Services Worldwide		76,623
	23,240	GasLog, Ltd.^f		338,142
	44,800	Gener8 Maritime, Inc.^e		229,376
	31,970	General Dynamics Corporation		4,960,465
	8,620	Genesee & Wyoming, Inc.^e		594,349
	41,454	Gibraltar Industries, Inc.^e		1,540,016
	86,719	Granite Construction, Inc.		4,313,403
	7,800	Greenbrier Companies, Inc.^f		275,340
	20,020	H&E Equipment Services, Inc.		335,535
	13,350	Hackett Group, Inc.		220,542
	110,170	Harsco Corporation		1,093,988
	5,410	HD Supply Holdings, Inc.^e		173,012
	53,241	Healthcare Services Group, Inc.		2,107,279
	34,685	Heico Corporation		2,400,202
	15,290	Herman Miller, Inc.		437,294
	28,040	Hexcel Corporation		1,242,172
	1,600	Hitachi Transport System, Ltd.		31,971
	4,039	HNI Corporation		160,752
	600	Hochtief AG		84,675
	26,704	Honeywell International, Inc.		3,113,419
	10,574	Hub Group, Inc.^e		430,996
	29,260	Hubbell, Inc.		3,152,472
	11,900	Huntington Ingalls Industries, Inc.		1,825,698
	28,117	Huron Consulting Group, Inc.^e		1,680,272
	13,440	ICF International, Inc.^e		595,661
	2,100	Inaba Denki Sangyo Company, Ltd.		75,907
	88,400	Ingersoll-Rand plc		6,005,896
	15,010	Insperity, Inc.		1,090,326
	5,590	Insteel Industries, Inc.		202,582
	9,580	Interface, Inc.		159,890
	38,800	ITOCHU Corporation		488,475
	10,570	ITT Corporation		378,829
	1,200	Jardine Matheson Holdings, Ltd.		72,732
	21,663	JB Hunt Transport Services, Inc.		1,757,736
	17,867	Johnson Controls International plc		831,352
	4,000	Kamigumi Company, Ltd.		34,896
	4,940	Kansas City Southern		461,001
	125,470	Kennametal, Inc.		3,641,139
	46,814	Kforce, Inc.		959,219
	30,170	Kirby Corporation^e		1,875,367
	10,000	KITZ Corporation		55,347
	24,840	Knight Transportation, Inc.		712,660
	10,200	KONE Oyj		517,826


Shares		Common Stock (40.8%)	Value
	Industrials (4.7%) - continued
	2,307	Koninklijke Boskalis Westminster NV		$82,108
	78,360	Korn/Ferry International		1,645,560
	500	Kuehne & Nagel International AG		72,663
	1,800	Kurita Water Industries, Ltd.		42,770
	400	Legrand SA		23,581
	72,060	Lincoln Electric Holdings, Inc.		4,512,397
	10,360	Lindsay Corporation^f		766,433
	19,870	Manpower, Inc.		1,435,806
	13,300	Marubeni Corporation		68,323
	51,150	Masco Corporation		1,754,957
	14,600	Meggitt plc		85,215
	99,940	Meritor, Inc.^e		1,112,332
	28,138	Middleby Corporation^e		3,478,420
	3,900	MIRAIT Holdings Corporation		33,232
	12,000	Mitsubishi Electric Corporation		153,801
	4,000	Mitsuboshi Belting, Ltd.		33,989
	24,400	Mitsui & Company, Ltd.		338,157
	29,150	Moog, Inc.^e		1,735,591
	35,332	MSA Safety, Inc.		2,050,669
	13,920	MSC Industrial Direct Company, Inc.		1,021,867
	4,920	Mueller Industries, Inc.		159,506
	27,620	MYR Group, Inc.^e		831,362
	72,267	Navigant Consulting, Inc.^e		1,461,239
	23,560	NCI Building Systems, Inc.^e		343,740
	27,244	Nielsen Holdings plc		1,459,461
	7,000	Nippon Express Company, Ltd.		32,725
	7,000	Nitto Kogyo Corporation		91,890
	15,626	Nordson Corporation		1,556,818
	22,420	Norfolk Southern Corporation		2,176,085
	1,640	Northrop Grumman Corporation		350,878
	18,547	Old Dominion Freight Line, Inc.^e		1,272,510
	59,316	On Assignment, Inc.^e		2,152,578
	85,336	Oshkosh Corporation		4,778,816
	2,520	Parker Hannifin Corporation		316,336
	12,220	Pentair, Ltd.		785,013
	92,902	PGT, Inc.^e		991,264
	41,846	Proto Labs, Inc.^e,f		2,506,994
	14,330	Quanex Building Products Corporation		247,336
	1,700	Randstad Holding NV		77,304
	89,420	Raven Industries, Inc.		2,059,343
	11,150	Raytheon Company		1,517,850
	2,110	RBC Bearings, Inc.^e		161,373
	20,840	Resources Connection, Inc.		311,350
	6,960	Rexnord Corporation^e		149,014
	248	Rieter Holding AG		50,313
	10,140	Rockwell Automation, Inc.		1,240,528
	33,320	Rockwell Collins, Inc.		2,810,209
	6,880	Rollins, Inc.		201,446
	15,042	Roper Industries, Inc.		2,744,714
	4,400	Ryder System, Inc.		290,180
	60,233	Saia, Inc.^e		1,804,581
	3,600	Sanwa Holdings Corporation		34,852
	100	Schindler Holding AG		18,941
	700	Schindler Holding AG, Participation Certificate		131,448
	3,500	Siemens AG		410,413
	2,000	Skanska AB		46,725
	3,600	SKF AB		62,170
	5,900	Smiths Group plc		111,995
	179,031	Southwest Airlines Company		6,962,516
	31,800	SPX FLOW, Inc.^e		983,256
	2,670	Stanley Black & Decker, Inc.		328,357
	7,140	TASER International, Inc.^e		204,275
	37,700	Tennant Company		2,442,960
	11,690	Tetra Tech, Inc.		414,644


Shares		Common Stock (40.8%)	Value
	Industrials (4.7%) - continued
	15,339	Textron, Inc.		$609,725
	4,180	Toro Company		195,791
	1,000	TOTO, Ltd.		37,807
	77,010	TransUnion^e		2,656,845
	6,290	TrueBlue, Inc.^e		142,531
	3,790	UniFirst Corporation		499,749
	193,098	Union Pacific Corporation		18,832,848
	21,900	United Continental Holdings, Inc.^e		1,149,093
	35,170	United Parcel Service, Inc.		3,846,191
	23,279	United Rentals, Inc.^e		1,827,169
	11,756	Universal Forest Products, Inc.		1,157,848
	33,649	Universal Truckload Services, Inc.		451,570
	5,600	Vinci SA		428,841
	16,150	WABCO Holdings, Inc.^e		1,833,510
	34,203	WageWorks, Inc.^e		2,083,305
	76,243	Waste Connections, Inc.		5,695,352
	6,339	Watsco, Inc.		893,165
	1,545	WSP Global, Inc.		48,672
	30,900	Xylem, Inc.		1,620,705
	22,310	YRC Worldwide, Inc.^e		274,859
	900	Yuasa Trading Company, Ltd.		20,677

		Total		247,624,996


	Information Technology (9.4%)
	5,196	Advanced Energy Industries, Inc.^e		245,875
	135,570	Agilent Technologies, Inc.		6,383,991
	76,045	Akamai Technologies, Inc.^e		4,029,625
	11,300	Alliance Data Systems Corporation^e		2,424,189
	36,043	Alphabet, Inc., Class A^e		28,980,735
	28,447	Alphabet, Inc., Class C^e		22,111,569
	28,803	Ambarella, Inc.^e,f		2,120,189
	39,370	Amkor Technology, Inc.^e		382,676
	88,784	Amphenol Corporation		5,763,857
	56,990	Analog Devices, Inc.		3,673,005
	6,561	ANSYS, Inc.^e		607,614
	243,076	Apple, Inc.		27,479,742
	80,002	Applied Materials, Inc.		2,412,060
	76,988	Arista Networks, Inc.^e,f		6,550,139
	40,580	Aspen Technology, Inc.^e		1,898,738
	16,860	AVX Corporation		232,499
	24,240	Bankrate, Inc.^e		205,555
	3,140	Belden, Inc.		216,629
	61,300	Blackhawk Network Holdings, Inc.^e		1,849,421
	164,610	Booz Allen Hamilton Holding Corporation		5,203,322
	2,460	Broadcom, Ltd.		424,399
	7,140	Broadridge Financial Solutions, Inc.		484,021
	77,243	Brocade Communications Systems, Inc.		712,953
	99,978	Brooks Automation, Inc.		1,360,701
	28,910	CA, Inc.		956,343
	22,502	Cabot Microelectronics Corporation		1,190,581
	22,861	CACI International, Inc.^e		2,306,675
	3,800	Canon, Inc.		110,323
	39,531	Cavium, Inc.^e		2,300,704
	9,850	CDK Global, Inc.		564,996
	4,780	Check Point Software Technologies, Ltd.^e		370,976
	79,961	Ciena Corporation^e		1,743,150
	4,900	Cirrus Logic, Inc.^e		260,435
	480,370	Cisco Systems, Inc.		15,237,336
	40,595	Cognex Corporation		2,145,852
	52,660	Cognizant Technology Solutions Corporation^e		2,512,409
	8,660	Coherent, Inc.^e		957,276
	71,640	CommVault Systems, Inc.^e		3,806,233


Shares		Common Stock (40.8%)	Value
	Information Technology (9.4%) - continued
	24,970	Comtech Telecommunications Corporation		$319,866
	35,940	Convergys Corporation		1,093,295
	56,300	CoreLogic, Inc.^e		2,208,086
	100,419	Criteo SA ADR^e,f		3,525,711
	8,640	CTS Corporation		160,704
	13,135	Dell Technologies, Inc.^e		627,853
	66,852	DST Systems, Inc.		7,883,188
	28,670	EarthLink Holdings Corporation		177,754
	53,160	eBay, Inc.^e		1,748,964
	46,040	Entegris, Inc.^e		802,017
	49,440	Envestnet, Inc.^e		1,802,088
	18,190	EVERTEC, Inc.		305,228
	15,240	ExlService Holdings, Inc.^e		759,562
	12,210	F5 Networks, Inc.^e		1,521,854
	30,742	Fabrinet^e		1,370,786
	310,000	Facebook, Inc.^e		39,763,700
	70,130	Finisar Corporation^e		2,089,874
	12,600	Fitbit, Inc.^e,f		186,984
	130,510	FLIR Systems, Inc.		4,100,624
	80,221	Fortinet, Inc.^e		2,962,561
	8,200	FUJIFILM Holdings NPV		303,752
	13,370	Genpact, Ltd.^e		320,211
	105,147	Guidewire Software, Inc.^e		6,306,717
	1,800	Halma plc		24,438
	700	Hoya Corporation		28,159
	26,990	HP, Inc.		419,155
	12,380	IAC/InterActiveCorporation		773,379
	103,610	Intel Corporation		3,911,277
	88,573	Ixia^e		1,107,162
	53,727	Juniper Networks, Inc.		1,292,672
	6,730	Keysight Technologies, Inc.^e		213,274
	26,580	Knowles Corporation^e		373,449
	1,900	Kyocera Corporation		91,301
	37,850	Lam Research Corporation		3,584,773
	17,900	Liberty Tripadvisor Holdings, Inc.^e		391,115
	37,340	Lionbridge Technologies, Inc.^e		186,700
	8,365	Littelfuse, Inc.		1,077,496
	51,390	M/A-COM Technology Solutions Holdings, Inc.^e		2,175,853
	20,794	Manhattan Associates, Inc.^e		1,198,150
	29,340	Marvell Technology Group, Ltd.		389,342
	125,550	MasterCard, Inc.		12,777,223
	66,856	Maxim Integrated Products, Inc.		2,669,560
	7,800	MAXIMUS, Inc.		441,168
	39,708	Methode Electronics, Inc.		1,388,589
	900	Micro Focus International plc		25,618
	106,690	Microsemi Corporation^e		4,478,846
	543,790	Microsoft Corporation		31,322,304
	28,460	Mobileye NV^e		1,211,542
	70,731	Monolithic Power Systems, Inc.		5,693,845
	21,481	Nanometrics, Inc.^e		479,886
	80,370	National Instruments Corporation		2,282,508
	3,700	NEC Networks & System Integration Corporation		63,026
	1,200	Nice, Ltd.		79,904
	27,826	Nice, Ltd. ADR		1,862,672
	2,000	NS Solutions Corporation		34,951
	500	NTT Data Corporation		24,972
	198,761	NVIDIA Corporation		13,619,104
	40,306	NXP Semiconductors NV^e		4,111,615
	151,815	Oclaro, Inc.^e		1,298,018
	43,390	ON Semiconductor Corporation^e		534,565
	250,620	Oracle Corporation		9,844,354
	400	Oracle Corporation Japan		22,599
	6,950	OSI Systems, Inc.^e		454,391


Shares		Common Stock (40.8%)	Value
	Information Technology (9.4%) - continued
	9,760	Palo Alto Networks, Inc.^e		$1,555,061
	121,050	Pandora Media, Inc.^e,f		1,734,646
	52,700	Paylocity Holding Corporation^e,f		2,343,042
	426,078	PayPal Holdings, Inc.^e		17,456,416
	67,725	Pegasystems, Inc.		1,997,210
	42,844	Progress Software Corporation^e		1,165,357
	70,655	Proofpoint, Inc.^e		5,288,527
	27,670	PTC, Inc.^e		1,226,058
	66,269	Q2 Holdings, Inc.^e		1,899,270
	3,130	Qorvo, Inc.^e		174,466
	50,080	QUALCOMM, Inc.		3,430,480
	6,360	Qualys, Inc.^e		242,888
	35,020	RealPage, Inc.^e		900,014
	28,100	Red Hat, Inc.^e		2,271,323
	330,720	Salesforce.com, Inc.^e		23,590,258
	300	SAP SE		27,436
	7,480	ScanSource, Inc.^e		273,020
	23,498	ServiceNow, Inc.^e		1,859,867
	48,540	ShoreTel, Inc.^e		388,320
	5,350	Splunk, Inc.^e		313,938
	43,900	SS&C Technologies Holdings, Inc.		1,411,385
	7,570	Stratasys, Ltd.^e		182,361
	62,814	Synopsys, Inc.^e		3,728,011
	119,624	Teradyne, Inc.		2,581,486
	7,430	Tessera Technologies, Inc.		285,609
	69,370	Texas Instruments, Inc.		4,868,387
	700	Trend Micro, Inc.		24,420
	22,570	Trimble Navigation, Ltd.^e		644,599
	22,590	Tyler Technologies, Inc.^e		3,868,086
	27,627	Ultimate Software Group, Inc.^e		5,646,682
	600	United Internet AG		26,572
	150,715	Virtusa Corporation^e		3,719,646
	313,550	Visa, Inc.		25,930,585
	263,250	Xilinx, Inc.		14,305,005

		Total		487,877,558


	Materials (2.0%)
	1,800	Adeka Corporation		24,904
	35,100	Agnico Eagle Mines, Ltd.		1,901,718
	600	Air Liquide SA		64,342
	15,230	Air Products and Chemicals, Inc.		2,289,678
	183,750	Alcoa, Inc.		1,863,225
	2,100	Amcor, Ltd.		24,459
	23,763	American Vanguard Corporation		381,634
	21,100	Avery Dennison Corporation		1,641,369
	23,039	Balchem Corporation		1,786,214
	29,350	Ball Corporation		2,405,232
	195,600	Barrick Gold Corporation		3,466,032
	25,100	BHP Billiton, Ltd.		434,795
	29,010	Boise Cascade Company^e		736,854
	18,290	Cabot Corporation		958,579
	4,100	Caesarstone Sdot-Yam, Ltd.^e		154,611
	13,550	Carpenter Technology Corporation		559,073
	54,967	Celanese Corporation		3,658,604
	59,099	Chemtura Corporation^e		1,939,038
	16,626	Clearwater Paper Corporation^e		1,075,203
	14,150	Continental Building Products, Inc.^e		297,009
	1,300	Croda International plc		58,661
	58,150	Crown Holdings, Inc.^e		3,319,783
	21,600	Daicel Corporation		272,961
	5,000	Denki Kagaku Kogyo KK		21,654
	42,610	Dow Chemical Company		2,208,476
	7,150	Eagle Materials, Inc.		552,695
	37,639	Eastman Chemical Company		2,547,408
	31,480	Ecolab, Inc.		3,831,746
	135,850	Eldorado Gold Corporation^e		533,891


Shares		Common Stock (40.8%)	Value
	Materials (2.0%) - continued
	800	Evonik Industries AG		$27,084
	27,280	Ferro Corporation^e		376,737
	57,670	Ferroglobe plc		520,760
	71,883	FMC Corporation		3,474,824
	153,920	Freeport-McMoRan, Inc.		1,671,571
	133,200	Goldcorp, Inc.		2,200,464
	11,800	Graphic Packaging Holding Company		165,082
	2,900	Hexpol AB		26,003
	8,925	Ingevity Corporation^e		411,443
	5,730	Innophos Holdings, Inc.		223,642
	13,753	Innospec, Inc.		836,320
	103,480	International Paper Company		4,964,970
	2,300	JSR Corporation		36,150
	48,960	KapStone Paper and Packaging Corporation		926,323
	234,450	Kinross Gold Corporation^e		987,035
	8,350	Koppers Holdings, Inc.^e		268,703
	4,500	Kuraray Company, Ltd.		66,758
	9,100	Martin Marietta Materials, Inc.		1,629,901
	25,730	Materion Corporation		790,168
	24,870	Methanex Corporation^f		887,362
	11,040	Minerals Technologies, Inc.		780,418
	11,200	Mitsubishi Chemical Holdings Corporation		70,217
	2,000	Mitsubishi Gas Chemical Company, Inc.		28,634
	1,400	Mitsubishi Materials Corporation		38,293
	93,960	Mosaic Company		2,298,262
	65,565	Myers Industries, Inc.		851,689
	107,860	Newmont Mining Corporation		4,237,819
	500	Nippon Shokubai Company, Ltd.		31,237
	300	Nitto Denko Corporation		19,484
	45,669	Norsk Hydro ASA		197,462
	70,340	Nucor Corporation		3,478,313
	10,800	Nutanix, Inc.^e		399,600
	31,350	OMNOVA Solutions, Inc.^e		264,594
	12,500	Orora, Ltd.		30,316
	100,400	Owens-Illinois, Inc.^e		1,846,356
	79,440	Packaging Corporation of America		6,455,294
	9,550	PolyOne Corporation		322,885
	3,520	Quaker Chemical Corporation		372,874
	22,490	Rayonier Advanced Materials, Inc.		300,691
	10,020	Reliance Steel & Aluminum Company		721,741
	9	Rio Tinto, Ltd.		358
	12,650	Royal Gold, Inc.		979,490
	4,400	RPC Group plc		54,678
	8,620	RPM International, Inc.		463,066
	17,390	Schnitzer Steel Industries, Inc.		363,451
	4,950	Schweitzer-Mauduit International, Inc.		190,872
	29,004	Scotts Miracle-Gro Company		2,415,163
	38,850	Sealed Air Corporation		1,780,107
	9,760	Sensient Technologies Corporation		739,808
	59,550	Silver Wheaton Corporation		1,609,637
	35,000	Sonoco Products Company		1,849,050
	109,352	Steel Dynamics, Inc.		2,732,706
	16,200	Stillwater Mining Company^e		216,432
	2,000	Sumitomo Metal Mining Company, Ltd.		27,623
	1,000	Sumitomo Seika Chemicals Company, Ltd.		35,441
	104,000	Teck Resources, Ltd.		1,875,120
	5,000	Tosoh Corporation		30,818
	8,698	UPM-Kymmene Oyj		183,656
	26,111	Verso Corporation^e		168,416
	19,150	Vulcan Materials Company		2,177,929


Shares		Common Stock (40.8%)	Value
	Materials (2.0%) - continued
	53,555	Westrock Company		$2,596,346
	196,900	Yamana Gold, Inc.		848,639
	8,339	Yara International ASA		277,881

		Total		103,864,014


	Real Estate (0.9%)
	31,410	American Assets Trust, Inc.		1,362,566
	22,850	American Campus Communities, Inc.		1,162,379
	47,290	Bluerock Residential Growth REIT, Inc.^f		614,770
	14,189	Brixmor Property Group, Inc.		394,312
	12,500	Camden Property Trust		1,046,750
	25,200	CapitaMall Trust		40,148
	143,040	CBL & Associates Properties, Inc.		1,736,506
	20,800	CBRE Group, Inc.^e		581,984
	166,466	Cedar Realty Trust, Inc.		1,198,555
	58,460	Chatham Lodging Trust		1,125,355
	15,290	City Office REIT, Inc.		194,642
	125,340	Corporate Office Properties Trust		3,553,389
	42,280	Corrections Corporation of America		586,424
	2,556	CyrusOne, Inc.		121,589
	300	Daito Trust Construction Company, Ltd.		47,982
	266,140	DDR Corporation		4,638,820
	3,600	Derwent London plc		121,342
	36,700	DEXUS Property Group		257,949
	10,700	Digital Realty Trust, Inc.		1,039,184
	37,750	Duke Realty Corporation		1,031,707
	42,460	DuPont Fabros Technology, Inc.		1,751,475
	2,210	EastGroup Properties, Inc.		162,568
	54,038	First Potomac Realty Trust		494,448
	50,760	Franklin Street Properties Corporation		639,576
	23,000	Frasers Centrepoint Trust		37,105
	35,400	General Growth Properties, Inc.		977,040
	2,800	Great Portland Estates plc		22,961
	12,128	H&R Real Estate Investment Trust		207,349
	3,099	Hamborner REIT AG		32,783
	7,960	Hersha Hospitality Trust		143,439
	79,620	HFF, Inc.		2,204,678
	19,950	Hospitality Properties Trust		592,914
	122,985	Host Hotels & Resorts, Inc.		1,914,876
	20,120	Hudson Pacific Properties, Inc.		661,344
	4,900	Hufvudstaden AB		84,900
	43,000	Hysan Development Company, Ltd.		202,317
	29,300	InfraREIT, Inc.		531,502
	7,410	Jones Lang LaSalle, Inc.		843,184
	81,580	LaSalle Hotel Properties		1,947,315
	50,580	Liberty Property Trust		2,040,903
	15,240	Life Storage, Inc.		1,355,446
	8,000	Link REIT		59,057
	8,320	Mid-America Apartment Communities, Inc.		781,997
	161,018	New World Development Company, Ltd.		211,142
	7,510	Outfront Media, Inc.		177,611
	49,010	Parkway Properties, Inc.		833,660
	46,351	Pebblebrook Hotel Trust		1,232,937
	43,410	Physicians Realty Trust		935,051
	7,935	Potlatch Corporation		308,592
	28,010	RE/MAX Holdings, Inc.		1,226,278
	36,950	Retail Properties of America, Inc.		620,760
	1,401	RioCan Real Estate Investment Trust		29,067
	31,100	Silver Bay Realty Trust Corporation REIT		545,183
	65,723	Stockland		240,706


Shares		Common Stock (40.8%)	Value
	Real Estate (0.9%) - continued
	70,223	Summit Hotel Properties, Inc.		$924,135
	200	Swiss Prime Site AG^e		17,564
	71,341	Terreno Realty Corporation		1,962,591
	19,170	Tier REIT, Inc.		295,985
	15,440	Urstadt Biddle Properties, Inc.		343,077
	4,000	Wharf Holdings, Ltd.		29,346
	6,000	Wheelock and Company, Ltd.		35,639
	39,800	Wing Tai Holdings, Ltd.		49,395

		Total		48,564,249


	Telecommunications Services (0.3%)
	41,750	AT&T, Inc.		1,695,467
	2,970	ATN International, Inc.		193,169
	1,600	BCE, Inc.		73,893
	20,400	BT Group plc		102,638
	86,170	Cincinnati Bell, Inc.^e		351,574
	7,800	Elisa Oyj		287,457
	14,120	FairPoint Communications, Inc.^e		212,224
	5,400	Freenet AG		158,051
	18,820	General Communication, Inc.^e		258,775
	18,190	Inteliquent, Inc.		293,587
	93,855	KCOM Group plc		141,023
	29,647	Level 3 Communications, Inc.^e		1,375,028
	600	Millicom International Cellular SA		31,087
	600	Nippon Telegraph & Telephone Corporation		27,442
	7,400	Orange SA		115,940
	103,000	PCCW, Ltd.		63,439
	2,700	Proximus SA		80,773
	35,886	SBA Communications Corporation^e		4,024,974
	9,200	Telefonica Deutschland Holding AG		37,094
	5,899	Telenor ASA		101,439
	78,259	Verizon Communications, Inc.		4,067,903
	9,500	Vodafone Group plc		27,245
	58,170	Vonage Holdings Corporation^e		384,504

		Total		14,104,726


	Utilities (0.9%)
	33,460	Alliant Energy Corporation		1,281,853
	5,390	American Electric Power Company, Inc.		346,092
	31,820	American States Water Company		1,274,391
	38,000	Aqua America, Inc.		1,158,240
	17,960	Artesian Resources Corporation		512,578
	67,120	Avista Corporation		2,804,945
	15,200	Consolidated Water Company, Ltd.^f		176,624
	21,420	DTE Energy Company		2,006,411
	3,100	E.ON SE		22,033
	45,350	Edison International, Inc.		3,276,537
	45,100	Electricidade de Portugal SA		151,357
	85,500	Eversource Energy		4,632,390
	33,420	Exelon Corporation		1,112,552
	39,030	Great Plains Energy, Inc.		1,065,129
	112,440	MDU Resources Group, Inc.		2,860,474
	7,670	Middlesex Water Company		270,291
	26,600	NiSource, Inc.		641,326
	66,000	Osaka Gas Company, Ltd.		276,818
	105,090	PG&E Corporation		6,428,355
	68,340	Portland General Electric Company		2,910,601
	33,050	Public Service Enterprise Group, Inc.		1,383,803
	32,600	Redes Energeticas Nacionais SGPS SA		95,289
	21,740	Renewable Energy Group, Inc.^e		184,138
	46,120	Southern Company		2,365,956
	10,550	Southwest Gas Corporation		737,023
	32,603	Spire, Inc.		2,078,115


Shares		Common Stock (40.8%)	Value
	Utilities (0.9%) - continued
	5,000	Toho Gas Company, Ltd.		$46,821
	6,200	United Utilities Group plc		80,530
	4,524	Unitil Corporation		176,707
	91,390	Vectren Corporation		4,587,778
	9,550	WEC Energy Group, Inc.		571,854

		Total		45,517,011



		Total Common Stock (cost $1,822,371,219)		2,123,555,596


Shares		Registered Investment Companies (36.0%)	Value
	Affiliated Equity Holdings (29.2%)
	24,752,802	Thrivent Large Cap Stock Portfolio		291,105,322
	21,779,551	Thrivent Large Cap Value Portfolio		339,608,541
	18,902,196	Thrivent Mid Cap Stock Portfolio		322,220,066
	50,069,595	Thrivent Partner Worldwide Allocation Portfolio		468,581,311
	5,579,836	Thrivent Small Cap Stock Portfolio		93,168,753

		Total		1,514,683,993


	Affiliated Fixed Income Holdings (5.8%)
	10,722,262	Thrivent High Yield Portfolio		51,148,406
	15,090,399	Thrivent Income Portfolio		157,362,676
	9,448,890	Thrivent Limited Maturity Bond Portfolio		93,201,019

		Total		301,712,101


	Equity Funds/ETFs (0.7%)
	5,520	iShares MSCI EAFE Index Fund		326,398
	33,869	iShares Russell 2000 Growth Index Fund^f		5,043,094
	23,353	iShares Russell 2000 Index Fund^f		2,900,676
	15,870	iShares Russell 2000 Value Index Fund		1,662,382
	41,970	Materials Select Sector SPDR Fund^f		2,004,067
	98,419	SPDR S&P 500 ETF Trust		21,288,030
	58,920	SPDR S&P Biotech ETF^f		3,905,807
	1,200	SPDR S&P MidCap 400 ETF Trust		338,724

		Total		37,469,178


	Fixed Income Funds/ETFs (0.3%)
	35,000	iShares Barclays 1-3 Year Credit Bond Fund		3,701,600
	76,800	iShares iBoxx $ Investment Grade Corporate Bond ETF		9,460,224
	49,500	Vanguard Short-Term Corporate Bond ETF		3,987,225

		Total		17,149,049



		Total Registered Investment Companies (cost $1,694,604,682)		1,871,014,321


Principal Amount		Long-Term Fixed Income (15.2%)	Value
	Asset-Backed Securities (0.7%)
		Access Group, Inc.
	339,160	1.024%, 2/25/2036^g,h		333,513
		Ares CLO, Ltd.
	1,275,000	1.957%, 10/12/2023^*,h		1,272,785
	750,000	2.297%, 11/15/2025^*,h		751,835
		BA Credit Card Trust
	650,000	0.904%, 6/15/2021^h		652,312
		Betony CLO, Ltd.
	350,000	2.190%, 4/15/2027^*,h		349,965


Principal Amount		Long-Term Fixed Income (15.2%)	Value
	Asset-Backed Securities (0.7%) - continued
		Capital One Multi-Asset Execution Trust
	$800,000	0.904%, 1/18/2022^h		$802,168
		Chase Issuance Trust
	500,000	1.590%, 2/18/2020		503,012
	375,000	1.620%, 7/15/2020		378,124
	250,000	0.934%, 5/17/2021^h		251,072
		Chesapeake Funding II, LLC
	800,000	1.880%, 6/15/2028^g		802,999
		Chesapeake Funding, LLC
	134,957	0.969%, 1/7/2025^g,h		134,940
		Countrywide Asset-Backed Certificates
	6,486	5.301%, 4/25/2047		6,470
		DRB Prime Student Loan Trust
	1,680,458	3.200%, 1/25/2040^*		1,723,152
		Earnest Student Loan Program
	2,738,631	3.020%, 5/25/2034^g		2,748,059
		Edlinc Student Loan Funding Trust
	260,451	3.388%, 10/1/2025^*,h		262,753
		Enterprise Fleet Financing, LLC
	151,686	0.870%, 9/20/2019^g		151,429
		FirstEnergy Ohio PIRB Special Purpose Trust
	41,060	0.679%, 1/15/2019		40,977
		Ford Credit Auto Owner Trust
	485,000	2.260%, 11/15/2025^g		494,429
		GoldenTree Loan Opportunities IX, Ltd.
	400,000	2.262%, 10/29/2026^*,h		401,560
		Golub Capital Partners CLO 22B, Ltd.
	725,000	2.291%, 2/20/2027^*,h		724,583
		Golub Capital Partners CLO 23M, Ltd.
	350,000	2.263%, 5/5/2027^*,h		349,850
		Marlette Funding Trust
	651,859	3.060%, 1/17/2023^*		652,604
		Morgan Stanley Bank of America Merrill Lynch Trust
	1,425,000	3.176%, 8/15/2045		1,512,223
	1,425,000	3.246%, 12/15/2047		1,516,361
		Morgan Stanley Capital, Inc.
	922,634	0.675%, 2/25/2037^h		551,980
		NCF Dealer Floorplan Master Trust
	1,500,000	3.782%, 3/21/2022^*,h		1,472,724
		OneMain Financial Issuance Trust
	750,000	4.100%, 3/20/2028^g		771,943
		OZLM VIII, Ltd.
	385,000	2.119%, 10/17/2026^*,h		385,235
		Race Point IX CLO, Ltd.
	900,000	2.190%, 4/15/2027^*,h		901,005
		Renaissance Home Equity Loan Trust
	1,178,257	5.746%, 5/25/2036ⁱ		795,205
	1,451,487	6.011%, 5/25/2036ⁱ		1,019,341
	1,194,687	5.580%, 11/25/2036ⁱ		678,179
		SLM Student Loan Trust
	267,997	1.124%, 7/15/2022^g,h		268,289
	376,036	1.124%, 8/15/2022^g,h		376,621
	119,219	1.115%, 4/25/2023^g,h		119,194
	450,000	1.574%, 5/17/2027^g,h		453,704
		Sofi Consumer Loan Program, LLC
	655,040	3.260%, 8/25/2025^g		660,750
		SoFi Professional Loan Program, LLC
	676,745	2.420%, 3/25/2030^g		685,136


Principal Amount		Long-Term Fixed Income (15.2%)	Value
	Asset-Backed Securities (0.7%) - continued
		Sunset Mortgage Loan Company, LLC
	$1,478,421	3.844%, 7/16/2047^*,i		$1,478,783
		U.S. Small Business Administration
	485,447	3.191%, 3/10/2024		510,345
		Vericrest Opportunity Loan Transferee
	992,635	3.375%, 10/25/2058^*,i		990,660
	1,077,337	4.250%, 3/26/2046^g,i		1,090,257
	950,000	3.500%, 9/25/2046^g,i		950,000
	278,136	3.500%, 2/25/2055^*,i		278,344
		Volvo Financial Equipment, LLC
	412,866	0.820%, 4/16/2018^g		412,558

		Total		31,667,428


	Basic Materials (0.1%)
		Albemarle Corporation
	105,000	3.000%, 12/1/2019		108,331
		Alcoa Netherlands Holding BV
	395,000	6.750%, 9/30/2024^g		410,306
		Anglo American plc
	772,000	3.625%, 5/14/2020^f,g		772,000
		ArcelorMittal SA
	670,000	6.500%, 3/1/2021^f		745,375
		First Quantum Minerals, Ltd.
	355,000	6.750%, 2/15/2020^g		328,375
	355,000	7.000%, 2/15/2021^g		317,725
		Georgia-Pacific, LLC
	245,000	2.539%, 11/15/2019^g		250,376
		Glencore Funding, LLC
	180,000	1.739%, 4/16/2018^g,h		177,975
	336,000	2.875%, 4/16/2020^g		333,312
		NOVA Chemicals Corporation
	1,100,000	5.250%, 8/1/2023^g		1,124,750
		Novelis Corporation
	275,000	5.875%, 9/30/2026^g		281,531
		Westlake Chemical Corporation
	448,000	3.600%, 8/15/2026^g		449,271
		Yamana Gold, Inc.
	325,000	4.950%, 7/15/2024		335,718

		Total		5,635,045


	Capital Goods (0.3%)
		AECOM
	920,000	5.875%, 10/15/2024		982,100
		Aircastle, Ltd.
	845,000	5.000%, 4/1/2023		885,138
		Ball Corporation
	560,000	4.375%, 12/15/2020^f		597,800
		Building Materials Corporation of America
	660,000	6.000%, 10/15/2025^g		706,200
		Case New Holland, Inc.
	206,000	7.875%, 12/1/2017		218,875
		Cemex Finance, LLC
	900,000	9.375%, 10/12/2022^g		986,625
		CNH Industrial Capital, LLC
	370,000	4.375%, 11/6/2020		386,650
		CNH Industrial NV
	450,000	4.500%, 8/15/2023		453,825
		Crown Americas Capital Corporation IV
	670,000	4.500%, 1/15/2023		695,125
		General Electric Company
	607,000	5.000%, 12/29/2049^j		645,514


Principal Amount		Long-Term Fixed Income (15.2%)	Value
	Capital Goods (0.3%) - continued
		HD Supply, Inc.
	$860,000	5.750%, 4/15/2024^g		$903,000
		Huntington Ingalls Industries, Inc.
	850,000	5.000%, 12/15/2021^g		892,500
		L-3 Communications Corporation
	455,000	3.950%, 5/28/2024		484,213
		Lockheed Martin Corporation
	389,000	2.500%, 11/23/2020		401,557
	448,000	4.500%, 5/15/2036		509,800
		Newell Rubbermaid, Inc.
	224,000	2.600%, 3/29/2019		229,027
	336,000	5.500%, 4/1/2046		407,602
		Northrop Grumman Corporation
	350,000	3.850%, 4/15/2045		363,154
		Owens-Brockway Glass Container, Inc.
	960,000	5.000%, 1/15/2022^f,g		1,018,195
		Pentair Finance SA
	295,000	2.900%, 9/15/2018		299,131
		Republic Services, Inc.
	335,000	2.900%, 7/1/2026		339,642
		Reynolds Group Issuer, Inc.
	670,000	5.125%, 7/15/2023^g		691,775
		Roper Industries, Inc.
	601,000	2.050%, 10/1/2018		607,353
		Standard Industries, Inc.
	415,000	5.500%, 2/15/2023^g		433,675
		Textron, Inc.
	150,000	5.600%, 12/1/2017		156,756
	400,000	7.250%, 10/1/2019		458,294
		United Rentals North America, Inc.
	1,340,000	5.500%, 7/15/2025		1,366,800
		Waste Management, Inc.
	90,000	3.125%, 3/1/2025		94,422

		Total		16,214,748


	Collateralized Mortgage Obligations (0.7%)
		Alm Loan Funding CLO
	385,000	2.109%, 10/17/2026^*,h		385,048
		Angel Oak Mortgage Trust I, LLC
	567,490	3.500%, 7/25/2046^*,i		566,866
		Apidos CLO XVIII
	375,000	2.114%, 7/22/2026^*,h		374,893
		Babson CLO, Ltd.
	385,000	2.069%, 10/17/2026^*,h		384,599
		BCAP, LLC Trust
	1,026,977	0.705%, 3/25/2037^h		955,978
		Birchwood Park CLO, Ltd.
	385,000	2.120%, 7/15/2026^*,h		385,225
		BlueMountain CLO, Ltd.
	385,000	2.160%, 10/15/2026^*,h		385,879
		Carlyle Global Market Strategies CLO, Ltd.
	385,000	1.996%, 7/20/2023^*,h		384,478
	400,000	2.180%, 10/15/2026^*,h		400,989
		Cent CLO 16, LP
	385,000	2.007%, 8/1/2024^*,h		384,759
		Cent CLO 22, Ltd.
	400,000	2.268%, 11/7/2026^*,h		399,775
		Citigroup Mortgage Loan Trust, Inc.
	369,078	5.500%, 11/25/2035		352,765
		CitiMortgage Alternative Loan Trust
	1,237,245	5.750%, 4/25/2037		1,061,865
		Countrywide Alternative Loan Trust
	488,775	3.031%, 10/25/2035		397,666


Principal Amount		Long-Term Fixed Income (15.2%)	Value
	Collateralized Mortgage Obligations (0.7%) - continued
	$353,974	6.500%, 8/25/2036		$241,302
	236,737	6.000%, 1/25/2037		226,590
	1,158,822	5.500%, 5/25/2037		951,760
	1,097,203	7.000%, 10/25/2037		680,371
		Countrywide Home Loans, Inc.
	452,391	5.750%, 4/25/2037		385,026
		Deutsche Alt-A Securities Mortgage Loan Trust
	342,716	6.000%, 10/25/2021		306,234
		Dryden 34 Senior Loan Fund CLO
	385,000	2.110%, 10/15/2026^*,h		385,091
		Federal Home Loan Mortgage Corporation
	2,560,792	4.000%, 7/15/2031^k		234,108
	1,315,706	3.000%, 2/15/2033^k		152,736
		Federal National Mortgage Association
	2,610,336	3.500%, 1/25/2033^k		336,740
		Galaxy XX CLO, Ltd.
	1,200,000	2.146%, 7/20/2027^*,h		1,197,663
		J.P. Morgan Mortgage Trust
	799,490	3.069%, 10/25/2036		722,240
	1,164,828	0.905%, 1/25/2037^h		616,201
	1,396,271	6.250%, 8/25/2037		1,051,484
		Limerock CLO III, LLC
	1,150,000	2.226%, 10/20/2026^*,h		1,149,045
		Madison Park Funding XIV CLO, Ltd.
	425,000	2.146%, 7/20/2026^*,h		425,501
		Madison Park Funding, Ltd.
	1,100,000	2.107%, 8/15/2022^*,h		1,098,555
		Magnetite XII, Ltd.
	1,200,000	2.180%, 4/15/2027^*,h		1,199,883
		MASTR Alternative Loans Trust
	304,406	6.500%, 7/25/2034		302,555
	700,977	0.975%, 12/25/2035^h		327,078
		Merrill Lynch Alternative Note Asset Trust
	294,299	6.000%, 3/25/2037		234,074
		Mountain View CLO, Ltd.
	1,200,000	2.140%, 7/15/2027^*,h		1,195,570
		Neuberger Berman CLO, Ltd.
	300,000	2.238%, 8/4/2025^*,h		300,876
		NZCG Funding CLO, Ltd.
	1,200,000	2.284%, 4/27/2027^*,h		1,201,518
		Octagon Investment Partners XX CLO, Ltd.
	385,000	2.258%, 8/12/2026^*,h		385,053
		OHA Loan Funding, Ltd.
	1,150,000	2.226%, 10/20/2026^*,h		1,157,053
		Pretium Mortgage Credit Partners, LLC
	2,051,822	4.375%, 11/27/2030^*		2,068,994
		Residential Asset Securitization Trust
	1,132,893	0.905%, 8/25/2037^h		305,038
		Sequoia Mortgage Trust
	710,713	3.702%, 9/20/2046		573,197
		Shackleton VII CLO, Ltd.
	1,200,000	2.220%, 4/15/2027^*,h		1,201,836
		Symphony CLO VIII, Ltd.
	358,647	1.574%, 1/9/2023^*,h		358,326
		Symphony CLO XV, Ltd.
	1,150,000	2.129%, 10/17/2026^*,h		1,151,959
		TBW Mortgage-Backed Trust
	3,217,938	5.965%, 7/25/2037		2,210,173


Principal Amount		Long-Term Fixed Income (15.2%)	Value
	Collateralized Mortgage Obligations (0.7%) - continued
		Voya CLO 3, Ltd.
	$385,000	2.135%, 7/25/2026^*,h		$385,240
		WaMu Mortgage Pass Through Certificates
	193,499	2.791%, 9/25/2036		175,210
	379,650	2.575%, 10/25/2036		330,743
	2,685,551	2.237%, 11/25/2036		2,380,020
	1,591,144	1.467%, 9/25/2046^h		1,306,671
		Washington Mutual Mortgage Pass Through Certificates Trust
	1,001,616	7.000%, 2/25/2036		747,186
	1,856,277	1.257%, 2/25/2047^h		1,382,862

		Total		37,862,547


	Commercial Mortgage-Backed Securities (0.2%)
		Citigroup Commercial Mortgage Trust
	549,598	1.102%, 11/10/2046		548,713
		Commercial Mortgage Pass-Through Certificates
	780,000	1.567%, 6/8/2030^g,h		781,224
		Credit Suisse First Boston Mortgage Securities
	137,567	5.542%, 1/15/2049		137,572
		Federal National Mortgage Association
	43,393	1.272%, 1/25/2017		43,369
		Greenwich Capital Commercial Funding Corporation
	1,750,000	5.867%, 12/10/2049		1,806,256
		GS Mortgage Securities Trust
	2,450,000	3.666%, 9/10/2047		2,661,163
		J.P. Morgan Chase Commercial Mortgage Securities Corporation
	1,300,000	5.881%, 2/12/2049		1,322,434
		JPMBB Commercial Mortgage Securities Trust
	1,175,000	3.231%, 1/15/2048		1,242,692
		Morgan Stanley Capital, Inc.
	900,000	5.406%, 3/15/2044		906,986
		SCG Trust
	425,000	1.924%, 11/15/2026^g,h		421,782
		UBS Commercial Mortgage Trust
	2,139,470	3.400%, 5/10/2045		2,282,258
		WFRBS Commercial Mortgage Trust
	1,200,000	2.870%, 11/15/2045		1,257,798

		Total		13,412,247


	Communications Services (0.7%)
		21st Century Fox America, Inc.
	460,000	6.900%, 3/1/2019		517,194
		Altice Financing SA
	770,000	6.625%, 2/15/2023^g		790,212
		Altice US Finance I Corporation
	910,000	5.500%, 5/15/2026^g		935,025
		AMC Networks, Inc.
	1,335,000	5.000%, 4/1/2024		1,343,344
		America Movil SAB de CV
	288,000	5.000%, 10/16/2019		314,827
		American Tower Corporation
	50,000	2.800%, 6/1/2020		51,289
	560,000	3.300%, 2/15/2021		585,415
	295,000	3.450%, 9/15/2021		310,475
		AT&T, Inc.
	212,000	5.875%, 10/1/2019		237,187


Principal Amount		Long-Term Fixed Income (15.2%)	Value
	Communications Services (0.7%) - continued
	$165,000	1.768%, 6/30/2020^h		$166,426
	349,000	3.875%, 8/15/2021		376,725
	275,000	3.000%, 6/30/2022		282,730
	784,000	6.350%, 3/15/2040		985,718
	355,000	5.550%, 8/15/2041		405,194
	450,000	5.150%, 3/15/2042		488,272
	275,000	4.750%, 5/15/2046		287,775
		British Sky Broadcasting Group plc
	320,000	2.625%, 9/16/2019^g		325,371
		CCO Holdings, LLC
	900,000	5.875%, 4/1/2024^g		960,210
		CenturyLink, Inc.
	775,000	6.450%, 6/15/2021		830,219
	175,000	7.500%, 4/1/2024		186,812
		Charter Communications Operating, LLC
	452,000	6.834%, 10/23/2055^g		543,416
	288,000	3.579%, 7/23/2020^g		301,017
	448,000	4.908%, 7/23/2025^g		494,169
		Clear Channel Worldwide Holdings, Inc.
	995,000	6.500%, 11/15/2022		1,036,044
		Columbus International, Inc.
	895,000	7.375%, 3/30/2021^g		949,237
		Comcast Corporation
	360,000	2.750%, 3/1/2023		373,029
	960,000	4.400%, 8/15/2035		1,087,340
	140,000	4.650%, 7/15/2042		161,785
	677,000	4.750%, 3/1/2044		796,545
		Cox Communications, Inc.
	184,000	9.375%, 1/15/2019^g		212,695
		Crown Castle International Corporation
	521,000	3.400%, 2/15/2021		545,249
	931,000	5.250%, 1/15/2023		1,054,209
	200,000	3.700%, 6/15/2026		208,680
		CSC Holdings, LLC
	100,000	5.500%, 4/15/2027^g		102,250
		Digicel, Ltd.
	1,295,000	6.000%, 4/15/2021^*		1,144,003
		Dish DBS Corporation
	875,000	5.875%, 7/15/2022		899,264
		FairPoint Communications, Inc.
	685,000	8.750%, 8/15/2019^g		698,700
		Frontier Communications Corporation
	1,090,000	8.875%, 9/15/2020		1,175,837
		Gray Television, Inc.
	920,000	5.125%, 10/15/2024^g		902,750
		Hughes Satellite Systems Corporation
	567,000	6.500%, 6/15/2019		620,156
		Level 3 Communications, Inc.
	920,000	5.375%, 1/15/2024		958,525
		Level 3 Financing, Inc.
	335,000	5.375%, 5/1/2025		349,237
		Neptune Finco Corporation
	225,000	10.875%, 10/15/2025^g		263,250
		Omnicom Group, Inc.
	224,000	3.600%, 4/15/2026		236,742
		Quebecor Media, Inc.
	610,000	5.750%, 1/15/2023		634,400
		S&P Global, Inc.
	448,000	3.300%, 8/14/2020		470,279


Principal Amount		Long-Term Fixed Income (15.2%)	Value
	Communications Services (0.7%) - continued
		SES Global Americas Holdings GP
	$365,000	2.500%, 3/25/2019^g		$366,076
		SFR Group SA
	1,165,000	6.000%, 5/15/2022^g		1,188,300
		Sprint Communications, Inc.
	650,000	9.000%, 11/15/2018^g		717,437
		Sprint Corporation
	640,000	7.625%, 2/15/2025		633,600
		Telefonica Emisiones SAU
	244,000	3.192%, 4/27/2018		249,758
		Time Warner Entertainment Company, LP
	459,000	8.375%, 3/15/2023		596,369
		Time Warner, Inc.
	224,000	3.600%, 7/15/2025		238,270
	265,000	6.250%, 3/29/2041		341,370
		T-Mobile USA, Inc.
	1,040,000	6.125%, 1/15/2022		1,105,000
		Unitymedia Hessen GmbH & Company KG
	385,000	5.500%, 1/15/2023^g		399,437
		Univision Communications, Inc.
	450,000	5.125%, 5/15/2023^g		455,625
	200,000	5.125%, 2/15/2025^g		201,250
		Verizon Communications, Inc.
	350,000	1.627%, 6/17/2019^h		353,433
	1,025,000	3.000%, 11/1/2021		1,072,512
	1,008,000	5.150%, 9/15/2023		1,174,246
	78,000	5.050%, 3/15/2034		87,670
	319,000	4.272%, 1/15/2036		332,368
	748,000	4.522%, 9/15/2048		790,884
		Viacom, Inc.
	560,000	4.375%, 3/15/2043		514,115

		Total		37,416,948


	Consumer Cyclical (0.5%)
		Automatic Data Processing, Inc.
	100,000	3.375%, 9/15/2025		109,146
		Cinemark USA, Inc.
	1,130,000	4.875%, 6/1/2023		1,135,650
		CVS Health Corporation
	110,000	2.250%, 8/12/2019		112,068
	870,000	4.875%, 7/20/2035		1,019,536
	360,000	5.125%, 7/20/2045		440,512
		Delphi Automotive plc
	560,000	3.150%, 11/19/2020		579,842
		eBay, Inc.
	225,000	2.500%, 3/9/2018		228,182
		Ford Motor Company
	205,000	7.450%, 7/16/2031		271,153
		Ford Motor Credit Company, LLC
	1,036,000	5.000%, 5/15/2018		1,087,442
	450,000	2.943%, 1/8/2019		460,887
		General Motors Company
	220,000	6.600%, 4/1/2036		264,700
	429,000	6.250%, 10/2/2043		506,323
		General Motors Financial Company, Inc.
	332,000	3.700%, 11/24/2020		345,490
	224,000	4.200%, 3/1/2021		235,729
	385,000	4.300%, 7/13/2025		396,651
		GLP Capital, LP
	610,000	4.375%, 4/15/2021		642,025
		Goodyear Tire & Rubber Company
	985,000	5.125%, 11/15/2023		1,026,862


Principal Amount		Long-Term Fixed Income (15.2%)	Value
	Consumer Cyclical (0.5%) - continued
		Home Depot, Inc.
	$184,000	2.625%, 6/1/2022		$191,069
	280,000	3.000%, 4/1/2026		296,218
	336,000	4.250%, 4/1/2046		388,011
		Hyundai Capital America
	336,000	2.400%, 10/30/2018^g		340,667
	336,000	3.000%, 10/30/2020^g		348,182
		Jaguar Land Rover Automotive plc
	630,000	5.625%, 2/1/2023^g		659,925
		KB Home
	503,000	4.750%, 5/15/2019		513,689
		L Brands, Inc.
	630,000	5.625%, 2/15/2022		704,025
		Lear Corporation
	560,000	5.250%, 1/15/2025		606,200
		Lennar Corporation
	630,000	4.125%, 12/1/2018		647,325
	660,000	4.875%, 12/15/2023		676,500
		Live Nation Entertainment, Inc.
	200,000	5.375%, 6/15/2022^g		206,500
		McDonald’s Corporation
	335,000	2.750%, 12/9/2020		347,616
		MGM Resorts International
	915,000	6.000%, 3/15/2023		992,775
		MGP Escrow Issuer, LLC
	758,000	5.625%, 5/1/2024^g		822,203
		PulteGroup, Inc.
	1,325,000	4.250%, 3/1/2021		1,391,250
		Rite Aid Corporation
	880,000	6.375%, 4/1/2023^g		949,670
		Schaeffler Verwaltung Zwei GmbH
	920,000	4.500%, 9/15/2023^g		928,620
		Six Flags Entertainment Corporation
	920,000	5.250%, 1/15/2021^g		949,900
		Time Warner, Inc.
	448,000	7.625%, 4/15/2031		635,163
		Toll Brothers Finance Corporation
	100,000	8.910%, 10/15/2017		107,000
	186,000	4.000%, 12/31/2018		192,742
		West Corporation
	1,065,000	5.375%, 7/15/2022^g		1,043,700
		ZF North America Capital, Inc.
	970,000	4.500%, 4/29/2022^g		1,028,569

		Total		23,829,717


	Consumer Non-Cyclical (0.7%)
		AbbVie, Inc.
	315,000	2.500%, 5/14/2020		321,134
	540,000	3.600%, 5/14/2025		564,442
	560,000	4.450%, 5/14/2046		584,858
		Actavis Funding SCS
	675,000	4.550%, 3/15/2035		716,984
	336,000	4.850%, 6/15/2044		369,585
		Altria Group, Inc.
	224,000	2.850%, 8/9/2022		233,888
	280,000	2.625%, 9/16/2026		283,102
		Amgen, Inc.
	224,000	2.700%, 5/1/2022		231,089
	300,000	3.125%, 5/1/2025		310,517
		Anheuser-Busch InBev Finance, Inc.
	240,000	2.017%, 2/1/2021^h		246,321
	1,234,000	3.650%, 2/1/2026		1,325,316
	1,120,000	4.700%, 2/1/2036		1,287,746
	560,000	4.900%, 2/1/2046		666,277


Principal Amount		Long-Term Fixed Income (15.2%)	Value
	Consumer Non-Cyclical (0.7%) - continued
		Aramark Services, Inc.
	$680,000	4.750%, 6/1/2026^g		$683,400
		B&G Foods, Inc.
	480,000	4.625%, 6/1/2021		494,400
		BAT International Finance plc
	220,000	1.360%, 6/15/2018^g,h		220,708
		Baxter International, Inc.
	280,000	2.600%, 8/15/2026		276,767
		Becton, Dickinson and Company
	577,000	6.375%, 8/1/2019		651,067
		Biogen, Inc.
	210,000	3.625%, 9/15/2022		224,930
		Boston Scientific Corporation
	200,000	6.000%, 1/15/2020		225,936
	325,000	3.850%, 5/15/2025		345,826
	336,000	7.375%, 1/15/2040		457,298
		BRF SA
	294,000	4.750%, 5/22/2024^g		300,615
		Bunge Limited Finance Corporation
	282,000	8.500%, 6/15/2019		330,434
	305,000	3.500%, 11/24/2020		319,003
		Cardinal Health, Inc.
	120,000	1.950%, 6/15/2018		121,134
	138,000	4.900%, 9/15/2045		162,533
		Celgene Corporation
	495,000	2.875%, 8/15/2020		512,069
	120,000	3.550%, 8/15/2022		127,498
	495,000	5.000%, 8/15/2045		557,329
		Church & Dwight Company, Inc.
	140,000	2.450%, 12/15/2019		142,687
		Cigna Corporation
	215,000	5.375%, 2/15/2042		259,879
		ConAgra Foods, Inc.
	168,000	7.125%, 10/1/2026		216,894
		EMD Finance, LLC
	235,000	1.207%, 3/17/2017^g,h		235,100
	280,000	2.950%, 3/19/2022^g		288,647
		Energizer Holdings, Inc.
	820,000	5.500%, 6/15/2025^g		844,600
		Envision Healthcare Corporation
	970,000	5.125%, 7/1/2022^g		965,150
		Express Scripts Holding Company
	224,000	3.900%, 2/15/2022		241,696
	525,000	4.500%, 2/25/2026		575,838
	90,000	3.400%, 3/1/2027		90,511
		Fresenius Medical Care US Finance II, Inc.
	630,000	5.875%, 1/31/2022^g		713,475
		Gilead Sciences, Inc.
	120,000	2.550%, 9/1/2020		123,948
	560,000	2.950%, 3/1/2027		565,891
	335,000	4.150%, 3/1/2047		342,400
		Grifols Worldwide Operations, Ltd.
	790,000	5.250%, 4/1/2022		817,650
		H.J. Heinz Company
	350,000	3.500%, 7/15/2022		371,938
		HCA, Inc.
	585,000	5.250%, 6/15/2026		621,563
	670,000	4.500%, 2/15/2027		674,188
		Imperial Tobacco Finance plc
	450,000	2.950%, 7/21/2020^g		464,610
		JBS USA, LLC
	670,000	5.750%, 6/15/2025^g		658,275
		Kraft Foods Group, Inc.
	448,000	5.000%, 6/4/2042		514,746


Principal Amount		Long-Term Fixed Income (15.2%)	Value
	Consumer Non-Cyclical (0.7%) - continued
		Laboratory Corporation of America Holdings
	$165,000	2.625%, 2/1/2020		$168,118
		LifePoint Health, Inc.
	750,000	5.500%, 12/1/2021		781,875
	250,000	5.375%, 5/1/2024^g		250,000
		McKesson Corporation
	225,000	4.883%, 3/15/2044		264,498
		Mead Johnson Nutrition Company
	200,000	3.000%, 11/15/2020		208,303
		Medtronic plc
	1,085,000	4.375%, 3/15/2035		1,229,502
		Merck & Company, Inc.
	175,000	1.182%, 2/10/2020^h		175,690
	88,000	3.700%, 2/10/2045		93,147
		Mondelez International, Inc.
	247,000	1.277%, 2/1/2019^h		246,932
		Mylan NV
	450,000	3.000%, 12/15/2018^g		459,921
	175,000	3.750%, 12/15/2020^g		182,765
	650,000	3.150%, 6/15/2021^g		662,203
		PepsiCo, Inc.
	450,000	2.850%, 2/24/2026		471,578
		Pernod Ricard SA
	400,000	3.250%, 6/8/2026^g		406,313
		Perrigo Finance Unlimited Company
	675,000	3.500%, 3/15/2021		698,126
		Reynolds American, Inc.
	235,000	2.300%, 8/21/2017		237,006
	672,000	5.700%, 8/15/2035		830,583
		Roche Holdings, Inc.
	336,000	4.000%, 11/28/2044^g		382,492
		SABMiller Holdings, Inc.
	184,000	3.750%, 1/15/2022^g		199,209
		Safeway, Inc.
	10,000	3.400%, 12/1/2016		9,980
		Shire Acquisitions Investments Ireland Designated Activity Company
	336,000	2.400%, 9/23/2021		336,423
	336,000	3.200%, 9/23/2026		337,807
		Spectrum Brands, Inc.
	470,000	5.750%, 7/15/2025		507,600
		Tenet Healthcare Corporation
	1,255,000	8.125%, 4/1/2022		1,255,000
		Teva Pharmaceutical Finance Netherlands III BV
	458,000	2.200%, 7/21/2021		456,273
	280,000	2.800%, 7/21/2023		280,718
	205,000	4.100%, 10/1/2046		204,028
		Thermo Fisher Scientific, Inc.
	168,000	3.000%, 4/15/2023		172,053
		TreeHouse Foods, Inc.
	450,000	4.875%, 3/15/2022		465,750
		UnitedHealth Group, Inc.
	1,010,000	4.625%, 7/15/2035		1,172,883
		VRX Escrow Corporation
	1,495,000	6.125%, 4/15/2025^g		1,287,569

		Total		37,316,237


	Energy (0.4%)
		Anadarko Petroleum Corporation
	320,000	4.850%, 3/15/2021		343,526
		Antero Resources Corporation
	240,000	5.125%, 12/1/2022		241,800
	500,000	5.625%, 6/1/2023		509,375


Principal Amount		Long-Term Fixed Income (15.2%)	Value
	Energy (0.4%) - continued
		Apache Corporation
	$450,000	4.750%, 4/15/2043		$459,792
		Boardwalk Pipelines, LP
	310,000	5.875%, 11/15/2016		311,437
	220,000	5.950%, 6/1/2026		243,225
		BP Capital Markets plc
	452,000	3.062%, 3/17/2022		473,476
	665,000	3.535%, 11/4/2024		706,455
	120,000	3.119%, 5/4/2026		122,629
		Buckeye Partners, LP
	288,000	2.650%, 11/15/2018		290,880
		Canadian Natural Resources, Ltd.
	585,000	3.450%, 11/15/2021		602,133
		CNOOC Nexen Finance
	345,000	1.625%, 4/30/2017		345,262
		CNPC General Capital, Ltd.
	192,000	2.750%, 4/19/2017^g		193,337
		Columbia Pipeline Group, Inc.
	450,000	2.450%, 6/1/2018		452,679
		Concho Resources, Inc.
	625,000	6.500%, 1/15/2022		648,438
	629,634	5.500%, 10/1/2022		653,245
		ConocoPhillips Company
	280,000	4.200%, 3/15/2021		303,059
		Contura Energy, Inc.
	90,000	10.000%, 8/1/2021^g		92,700
		Crestwood Midstream Partners, LP
	400,000	6.125%, 3/1/2022		404,000
		Devon Energy Corporation
	340,000	3.250%, 5/15/2022		337,569
	224,000	5.850%, 12/15/2025^f		252,085
		Ecopetrol SA
	220,000	5.875%, 9/18/2023		237,325
		Enbridge Energy Partners, LP
	224,000	4.375%, 10/15/2020		236,240
		Enbridge, Inc.
	245,000	1.289%, 6/2/2017^f,h		244,492
		Energy Transfer Partners, LP
	448,000	4.650%, 6/1/2021		475,876
	265,000	4.900%, 3/15/2035		244,612
		EnLink Midstream Partners, LP
	225,000	4.150%, 6/1/2025		215,391
	168,000	4.850%, 7/15/2026		169,054
		Enterprise Products Operating, LLC
	172,000	5.100%, 2/15/2045		184,980
		EQT Corporation
	162,000	5.150%, 3/1/2018		168,666
	118,000	8.125%, 6/1/2019		134,880
	250,000	4.875%, 11/15/2021		273,740
		Exxon Mobil Corporation
	180,000	4.114%, 3/1/2046		201,203
		Magellan Midstream Partners, LP
	315,000	5.000%, 3/1/2026		358,865
		Marathon Oil Corporation
	336,000	2.700%, 6/1/2020		329,324
		Marathon Petroleum Corporation
	165,000	3.400%, 12/15/2020		171,474
	176,000	4.750%, 9/15/2044		157,577
		MEG Energy Corporation
	630,000	6.500%, 3/15/2021^g		514,238
		MPLX, LP
	1,185,000	4.875%, 12/1/2024		1,225,676
	448,000	4.875%, 6/1/2025		462,910


Principal Amount		Long-Term Fixed Income (15.2%)	Value
	Energy (0.4%) - continued
		Newfield Exploration Company
	$850,000	5.625%, 7/1/2024		$871,250
		Noble Energy, Inc.
	202,000	5.625%, 5/1/2021		210,428
		Petrobras Global Finance BV
	140,000	8.375%, 5/23/2021		152,950
		Petrobras International Finance Company
	224,000	5.750%, 1/20/2020		230,832
		Petroleos Mexicanos
	324,000	5.500%, 2/4/2019^g		341,658
	189,000	2.378%, 4/15/2025		193,446
		Pioneer Natural Resources Company
	121,000	3.450%, 1/15/2021		125,823
	225,000	4.450%, 1/15/2026		244,015
		Regency Energy Partners, LP
	670,000	5.000%, 10/1/2022		707,150
		Rice Energy, Inc.
	750,000	6.250%, 5/1/2022		774,375
		Sabine Pass Liquefaction, LLC
	670,000	5.625%, 3/1/2025		720,250
		Schlumberger Holdings Corporation
	165,000	3.000%, 12/21/2020^g		172,051
	280,000	4.000%, 12/21/2025^g		304,633
		Shell International Finance BV
	165,000	1.266%, 5/11/2020^h		165,190
		Suncor Energy, Inc.
	270,000	3.600%, 12/1/2024		283,015
		Sunoco Logistics Partners Operations, LP
	760,000	4.400%, 4/1/2021		815,281
		Targa Resources Partners, LP
	540,000	6.625%, 10/1/2020		558,225
		Valero Energy Corporation
	560,000	3.400%, 9/15/2026		556,269
		Weatherford International, Ltd.
	680,000	8.250%, 6/15/2023^f		671,500

		Total		22,091,966


	Financials (1.3%)
		ABN AMRO Bank NV
	450,000	4.750%, 7/28/2025^g		472,642
		ACE INA Holdings, Inc.
	335,000	4.350%, 11/3/2045		387,218
		AerCap Ireland Capital, Ltd.
	220,000	3.750%, 5/15/2019		224,675
	224,000	4.625%, 10/30/2020		235,200
	925,000	5.000%, 10/1/2021		987,437
	224,000	4.625%, 7/1/2022		235,480
		Aetna, Inc.
	350,000	2.400%, 6/15/2021		354,053
	480,000	2.800%, 6/15/2023		490,147
	225,000	3.200%, 6/15/2026		228,763
	345,000	4.250%, 6/15/2036		357,332
		Air Lease Corporation
	220,000	2.125%, 1/15/2018		221,100
	90,000	2.625%, 9/4/2018		90,818
		Ally Financial, Inc.
	440,000	3.750%, 11/18/2019		447,150
	475,000	4.125%, 3/30/2020		483,312
		American Express Credit Corporation
	350,000	1.407%, 3/18/2019^h		350,590
		American International Group, Inc.
	150,000	3.300%, 3/1/2021		157,380
	336,000	4.125%, 2/15/2024		362,046
	150,000	3.900%, 4/1/2026		158,691


Principal Amount		Long-Term Fixed Income (15.2%)	Value
	Financials (1.3%) - continued
		Aon plc
	$168,000	3.875%, 12/15/2025		$179,388
		Argos Merger Sub, Inc.
	1,080,000	7.125%, 3/15/2023^f,g		1,131,300
		Avalonbay Communities, Inc.
	500,000	3.500%, 11/15/2025		522,507
		Banco Santander Chile
	435,000	1.565%, 4/11/2017^g,h		435,348
		Bank of America Corporation
	370,000	1.936%, 3/22/2018^h		372,791
	295,000	1.516%, 4/1/2019^h		296,771
	350,000	2.625%, 10/19/2020		357,172
	595,000	3.300%, 1/11/2023		615,925
	448,000	4.000%, 4/1/2024		482,770
	450,000	4.000%, 1/22/2025		466,374
	336,000	3.500%, 4/19/2026		349,175
	561,000	5.875%, 2/7/2042		731,378
	448,000	8.000%, 7/29/2049^j		456,960
		Bank of New York Mellon Corporation
	560,000	2.500%, 4/15/2021		575,519
		Bank of Tokyo-Mitsubishi UFJ, Ltd.
	145,000	2.850%, 9/8/2021^g		149,553
		Barclays Bank plc
	112,000	10.179%, 6/12/2021^g		143,135
		Barclays plc
	264,000	2.750%, 11/8/2019		265,946
	448,000	3.650%, 3/16/2025		442,003
		BB&T Corporation
	150,000	1.395%, 1/15/2020^h		150,417
		Berkshire Hathaway, Inc.
	280,000	2.750%, 3/15/2023		290,972
		BPCE SA
	258,000	5.700%, 10/22/2023^g		280,800
		Caisse Centrale Desjardins du Quebec
	210,000	1.417%, 1/29/2018^g,h		209,741
		Capital One Financial Corporation
	235,000	2.450%, 4/24/2019		240,120
		Centene Escrow Corporation
	900,000	5.625%, 2/15/2021		954,000
		CIT Group, Inc.
	905,000	5.000%, 8/15/2022		961,562
		Citigroup, Inc.
	245,000	1.431%, 4/8/2019^h		245,331
	450,000	2.700%, 3/30/2021		459,766
	244,000	4.050%, 7/30/2022		259,304
	685,000	4.400%, 6/10/2025		725,272
	336,000	4.125%, 7/25/2028		341,587
	925,000	4.650%, 7/30/2045		1,043,993
		Citizens Bank NA
	625,000	2.300%, 12/3/2018		632,221
		CoBank ACB
	120,000	1.450%, 6/15/2022^h		113,834
		Compass Bank
	30,000	2.750%, 9/29/2019		29,962
		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA
	228,000	3.950%, 11/9/2022		239,007
		Credit Agricole SA
	290,000	1.480%, 4/15/2019^g,h		290,581
		Credit Suisse AG
	231,000	5.400%, 1/14/2020		252,498
		Credit Suisse Group Funding, Ltd.
	672,000	2.750%, 3/26/2020		674,446
	448,000	3.750%, 3/26/2025		445,106


Principal Amount		Long-Term Fixed Income (15.2%)	Value
	Financials (1.3%) - continued
		CyrusOne, LP
	$630,000	6.375%, 11/15/2022		$667,209
		Deutsche Bank AG
	675,000	3.375%, 5/12/2021		660,286
		Digital Realty Trust LP
	280,000	3.400%, 10/1/2020		291,804
		Discover Bank
	510,000	8.700%, 11/18/2019		588,334
		Discover Financial Services
	188,000	6.450%, 6/12/2017		194,012
		DRB Prime Student Loan Trust
	677,431	2.425%, 10/27/2031^*,h		689,761
		Duke Realty, LP
	88,000	3.875%, 2/15/2021		93,905
	264,000	4.375%, 6/15/2022		288,772
		ERP Operating, LP
	90,000	3.375%, 6/1/2025		93,942
		European Investment Bank
	445,000	1.875%, 3/15/2019		453,390
		Fifth Third Bancorp
	286,000	5.450%, 1/15/2017		289,217
	148,000	2.875%, 7/27/2020		153,439
	145,000	2.875%, 10/1/2021		151,673
		GE Capital International Funding Company
	919,000	4.418%, 11/15/2035		1,031,453
		Genworth Financial, Inc.
	168,000	7.700%, 6/15/2020		166,740
		Goldman Sachs Group, Inc.
	390,000	1.952%, 4/30/2018^h		393,538
	205,000	1.917%, 11/15/2018^h		206,654
	909,000	5.375%, 3/15/2020		1,006,570
	210,000	1.875%, 4/23/2020^h		211,303
	896,000	5.250%, 7/27/2021		1,011,549
	560,000	2.350%, 11/15/2021		558,701
	224,000	3.500%, 1/23/2025		231,657
	390,000	4.750%, 10/21/2045		437,679
		Hartford Financial Services Group, Inc.
	544,000	5.125%, 4/15/2022		617,971
		HBOS plc
	558,000	6.750%, 5/21/2018^g		596,386
		HCP, Inc.
	705,000	4.000%, 12/1/2022		745,029
	176,000	3.400%, 2/1/2025		173,831
		HSBC Bank plc
	495,000	1.457%, 5/15/2018^g,h		495,428
		HSBC Holdings plc
	450,000	3.400%, 3/8/2021		465,417
	350,000	2.650%, 1/5/2022^c		348,809
	350,000	3.600%, 5/25/2023		361,479
	425,000	3.900%, 5/25/2026		440,311
	450,000	6.875%, 12/29/2049^j		468,000
		Huntington Bancshares, Inc.
	66,000	2.600%, 8/2/2018		67,070
		Huntington National Bank
	250,000	2.200%, 11/6/2018		253,122
		Icahn Enterprises, LP
	475,000	6.000%, 8/1/2020		477,375
		ING Capital Funding Trust III
	265,000	4.438%, 12/29/2049^h,j		263,344
		Intesa Sanpaolo SPA
	450,000	5.250%, 1/12/2024		485,425


Principal Amount		Long-Term Fixed Income (15.2%)	Value
	Financials (1.3%) - continued
		J.P. Morgan Chase & Company
	$326,000	6.300%, 4/23/2019		$363,164
	165,000	2.250%, 1/23/2020		167,168
	265,000	2.295%, 8/15/2021		265,576
	560,000	4.500%, 1/24/2022		620,094
	336,000	3.200%, 1/25/2023		350,361
	575,000	2.700%, 5/18/2023		580,932
	352,000	3.625%, 5/13/2024		374,352
	690,000	3.125%, 1/23/2025		705,245
	360,000	3.300%, 4/1/2026		370,457
	582,000	7.900%, 4/29/2049^j		598,005
		KeyBank NA
	365,000	2.350%, 3/8/2019		371,872
		KeyCorp
	300,000	2.900%, 9/15/2020		311,439
		Kookmin Bank
	375,000	1.625%, 8/1/2019^g		375,263
		Liberty Mutual Group, Inc.
	445,000	4.950%, 5/1/2022^g		496,558
		Liberty Property, LP
	618,000	3.750%, 4/1/2025		647,729
		Lincoln National Corporation
	220,000	8.750%, 7/1/2019		258,955
	336,000	7.000%, 6/15/2040		432,524
		Lloyds Bank plc
	235,000	1.374%, 3/16/2018^h		234,531
		Merrill Lynch & Company, Inc.
	675,000	6.400%, 8/28/2017		704,248
		MetLife, Inc.
	355,000	4.050%, 3/1/2045		352,132
		Mitsubishi UFJ Financial Group, Inc.
	370,000	2.190%, 9/13/2021		369,034
		Mizuho Bank, Ltd.
	282,000	1.850%, 3/21/2018^g		282,863
		Morgan Stanley
	1,018,000	6.625%, 4/1/2018		1,090,767
	260,000	1.995%, 4/25/2018^h		263,005
	210,000	1.874%, 1/27/2020^h		212,189
	280,000	2.500%, 4/21/2021		283,501
	155,000	4.875%, 11/1/2022		170,959
	275,000	4.000%, 7/23/2025		295,724
	540,000	4.350%, 9/8/2026		576,505
	220,000	4.300%, 1/27/2045		235,496
	560,000	5.550%, 12/29/2049^f,j		571,900
		MPT Operating Partnership, LP
	725,000	6.375%, 3/1/2024		786,625
	450,000	5.500%, 5/1/2024		472,950
		Nasdaq, Inc.
	295,000	3.850%, 6/30/2026		308,680
		National City Corporation
	288,000	6.875%, 5/15/2019		324,412
		Prudential Financial, Inc.
	145,000	2.350%, 8/15/2019		147,945
		Quicken Loans, Inc.
	980,000	5.750%, 5/1/2025^g		972,650
		Realty Income Corporation
	58,000	2.000%, 1/31/2018		58,389
		Regions Bank
	250,000	7.500%, 5/15/2018		272,048
		Regions Financial Corporation
	250,000	2.250%, 9/14/2018		252,002
	336,000	3.200%, 2/8/2021		349,292
		Reinsurance Group of America, Inc.
	105,000	5.625%, 3/15/2017		106,886
	252,000	5.000%, 6/1/2021		275,499


Principal Amount		Long-Term Fixed Income (15.2%)	Value
	Financials (1.3%) - continued
		Reliance Standard Life Global Funding II
	$230,000	2.500%, 4/24/2019^g		$233,854
		Royal Bank of Scotland Group plc
	300,000	3.875%, 9/12/2023		295,198
	250,000	8.625%, 12/29/2049^j		244,688
		Santander Holdings USA, Inc.
	295,000	3.450%, 8/27/2018		302,412
		Santander UK Group Holdings plc
	380,000	2.875%, 10/16/2020		382,882
		Santander UK plc
	132,000	3.050%, 8/23/2018		135,217
		Simon Property Group, LP
	100,000	10.350%, 4/1/2019		119,378
	150,000	2.500%, 9/1/2020		154,619
	400,000	2.750%, 2/1/2023		409,988
		Skandinaviska Enskilda Banken AB
	365,000	2.375%, 3/25/2019^g		371,231
		Standard Chartered plc
	375,000	2.100%, 8/19/2019^g		374,850
		State Street Corporation
	233,000	1.701%, 8/18/2020^h		235,194
		Sumitomo Mitsui Banking Corporation
	250,000	1.268%, 1/16/2018^h		250,086
		Svenska Handelsbanken AB
	330,000	1.347%, 6/17/2019^h		330,394
		Synchrony Financial
	140,000	1.989%, 2/3/2020^h		136,955
	155,000	3.750%, 8/15/2021		163,036
	625,000	4.250%, 8/15/2024		656,197
		Toronto-Dominion Bank
	165,000	1.786%, 12/14/2020^h		166,472
		UBS Group Funding Jersey, Ltd.
	560,000	2.950%, 9/24/2020^g		573,677
	336,000	4.125%, 9/24/2025^g		352,124
		UnitedHealth Group, Inc.
	100,000	3.350%, 7/15/2022		107,381
		USB Realty Corporation
	140,000	1.827%, 12/29/2049^g,h,j		125,650
		Voya Financial, Inc.
	344,000	2.900%, 2/15/2018		350,457
		Wells Fargo & Company
	210,000	1.432%, 1/30/2020^h		209,416
	450,000	2.550%, 12/7/2020		458,831
	448,000	3.450%, 2/13/2023		461,972
	350,000	3.000%, 2/19/2025		355,426
	450,000	3.000%, 4/22/2026		454,231
	430,000	4.900%, 11/17/2045		473,435
		Welltower, Inc.
	58,000	2.250%, 3/15/2018		58,510
	185,000	3.750%, 3/15/2023		194,277
	165,000	4.000%, 6/1/2025		174,962

		Total		65,762,080


	Foreign Government (<0.1%)
		Argentina Government International Bond
	250,000	6.250%, 4/22/2019^g		265,125
	500,000	7.125%, 7/6/2036^g		529,500
		Export-Import Bank of Korea
	205,000	2.250%, 1/21/2020		208,836
		Kommunalbanken AS
	335,000	1.500%, 10/22/2019^g		337,245


Principal Amount		Long-Term Fixed Income (15.2%)	Value
	Foreign Government (<0.1%) - continued
		Mexico Government International Bond
	$300,000	4.350%, 1/15/2047		$294,750
	300,000	4.125%, 1/21/2026		322,650

		Total		1,958,106


	Mortgage-Backed Securities (5.0%)
		Federal Home Loan Mortgage Corporation Gold 15-Yr. Pass Through
	18,800,000	3.000%, 10/1/2031^c		19,746,977
		Federal Home Loan Mortgage Corporation Gold 30-Yr. Pass Through
	12,300,000	4.000%, 10/1/2046^c		13,193,431
		Federal National Mortgage Association Conventional 15-Yr. Pass Through
	24,525,000	2.500%, 10/1/2031^c		25,401,879
		Federal National Mortgage Association Conventional 30-Yr. Pass Through
	1,797,111	1.740%, 7/1/2043^h		1,839,467
	383,568	2.040%, 7/1/2043^h		391,889
	398,286	2.094%, 8/1/2043^h		408,825
	23,500,000	3.000%, 10/1/2046^c		24,424,394
	91,175,000	3.500%, 10/1/2046^c		96,203,866
	45,000,000	4.000%, 10/1/2046^c		48,329,298
	27,239,000	4.500%, 10/1/2046^c		29,830,314

		Total		259,770,340


	Technology (0.3%)
		Amphenol Corporation
	188,000	2.550%, 1/30/2019		192,387
		Apple, Inc.
	165,000	1.117%, 5/6/2020^h		164,704
	784,000	3.200%, 5/13/2025		835,615
	336,000	4.650%, 2/23/2046		387,719
		Cisco Systems, Inc.
	220,000	1.342%, 3/1/2019^h		221,445
		CommScope Technologies Finance, LLC
	650,000	6.000%, 6/15/2025^g		693,062
		Diamond 1 Finance Corporation
	280,000	3.480%, 6/1/2019^g		287,972
	220,000	5.450%, 6/15/2023^g		235,721
	168,000	6.020%, 6/15/2026^g		184,179
		Equinix, Inc.
	700,000	5.750%, 1/1/2025		743,750
		Fidelity National Information Services, Inc.
	400,000	2.850%, 10/15/2018		410,504
	338,000	3.625%, 10/15/2020		358,507
		First Data Corporation
	450,000	5.375%, 8/15/2023^g		463,500
		Hewlett Packard Enterprise Company
	280,000	2.450%, 10/5/2017^g,i		282,243
	140,000	2.850%, 10/5/2018^g,i		142,644
	140,000	4.400%, 10/15/2022^g,i		149,283
		IMS Health, Inc.
	863,000	6.000%, 11/1/2020^g		875,945
		Intel Corporation
	85,000	3.100%, 7/29/2022		90,788
	180,000	3.700%, 7/29/2025		199,695
	504,000	4.100%, 5/19/2046		539,431


Principal Amount		Long-Term Fixed Income (15.2%)	Value
	Technology (0.3%) - continued
		International Business Machines Corporation
	$448,000	4.700%, 2/19/2046		$518,452
		Iron Mountain, Inc.
	825,000	6.000%, 8/15/2023		880,687
		Lam Research Corporation
	420,000	3.450%, 6/15/2023		429,604
		Microsoft Corporation
	700,000	4.750%, 11/3/2055		808,557
	700,000	4.200%, 11/3/2035		782,508
	390,000	3.700%, 8/8/2046		394,752
		NXP BV
	930,000	3.875%, 9/1/2022^g		974,175
		Oracle Corporation
	150,000	2.500%, 5/15/2022		153,972
	448,000	2.400%, 9/15/2023		451,593
	460,000	2.950%, 5/15/2025		475,149
		Plantronics, Inc.
	670,000	5.500%, 5/31/2023^g		690,100
		Qualcomm, Inc.
	336,000	3.000%, 5/20/2022		352,536
		Seagate HDD Cayman
	224,000	4.875%, 6/1/2027		198,171
		Sensata Technologies UK Financing Company plc
	540,000	6.250%, 2/15/2026^g		584,550
		Western Digital Corporation
	890,000	10.500%, 4/1/2024^g		1,032,400

		Total		16,186,300


	Transportation (0.1%)
		Air Canada Pass Through Trust
	130,427	3.875%, 3/15/2023^g		126,841
		American Airlines Pass Through Trust
	281,580	3.375%, 5/1/2027		288,619
		Avis Budget Car Rental, LLC
	665,000	5.125%, 6/1/2022^g		667,078
	500,000	6.375%, 4/1/2024^g		510,000
		Burlington Northern Santa Fe, LLC
	350,000	5.050%, 3/1/2041		424,641
	480,000	3.900%, 8/1/2046		513,120
		Canadian Pacific Railway Company
	150,000	4.800%, 8/1/2045		175,270
		Continental Airlines, Inc.
	140,637	4.150%, 4/11/2024		150,130
		CSX Corporation
	115,000	3.700%, 11/1/2023		124,833
		Delta Air Lines, Inc.
	74,643	4.950%, 5/23/2019		78,562
		ERAC USA Finance, LLC
	67,000	2.800%, 11/1/2018^g		68,521
		FedEx Corporation
	450,000	3.900%, 2/1/2035		463,049
		J.B. Hunt Transport Services, Inc.
	135,000	3.300%, 8/15/2022		141,131
		Southwest Airlines Company
	285,000	2.750%, 11/6/2019		294,013
		Virgin Australia Holdings, Ltd.
	70,134	5.000%, 10/23/2023^g		72,764
		XPO Logistics, Inc.
	690,000	6.500%, 6/15/2022^g		719,325

		Total		4,817,897


Principal Amount		Long-Term Fixed Income (15.2%)	Value
	U.S. Government and Agencies (3.8%)
		Federal National Mortgage Association
	$405,000	6.250%, 5/15/2029		$584,747
		Tennessee Valley Authority
	390,000	5.250%, 9/15/2039		539,113
		U.S. Treasury Bonds
	4,150,000	6.500%, 11/15/2026		6,044,409
	2,900,000	5.250%, 11/15/2028		4,015,027
	2,050,000	4.375%, 5/15/2040		2,864,475
	10,625,000	3.000%, 5/15/2042		12,112,914
	14,300,000	3.625%, 2/15/2044		18,208,476
		U.S. Treasury Bonds, TIPS
	1,746,002	0.125%, 4/15/2019		1,775,726
	36,726,289	0.125%, 1/15/2023		37,305,536
	102,138	2.375%, 1/15/2025		121,713
	29,964,576	0.625%, 1/15/2026		31,514,044
	66,807	2.125%, 2/15/2040		88,879
	585,777	0.750%, 2/15/2042		603,544
	24,599,770	1.000%, 2/15/2046		27,193,348
		U.S. Treasury Notes
	385,000	0.875%, 11/15/2017		385,737
	3,650,000	0.750%, 2/15/2019		3,643,014
	8,415,000	1.500%, 10/31/2019		8,562,919
	4,070,000	1.375%, 9/30/2020		4,118,490
	1,500,000	1.375%, 5/31/2021		1,516,230
	23,030,000	1.125%, 8/31/2021		23,006,601
	2,000,000	2.125%, 6/30/2022		2,091,954
	1,015,000	1.625%, 8/15/2022		1,033,318
	7,435,000	2.250%, 11/15/2024		7,850,022

		Total		195,180,236


	Utilities (0.4%)
		AES Corporation
	630,000	7.375%, 7/1/2021		722,925
		American Electric Power Company, Inc.
	718,000	2.950%, 12/15/2022		750,034
		Arizona Public Service Company
	180,000	2.200%, 1/15/2020		184,208
		Berkshire Hathaway Energy Company
	132,000	2.400%, 2/1/2020		135,209
		Calpine Corporation
	670,000	5.375%, 1/15/2023		667,488
		Chesapeake Midstream Partners, LP
	560,000	6.125%, 7/15/2022		581,412
		Commonwealth Edison Company
	355,000	3.700%, 3/1/2045		366,595
	280,000	4.350%, 11/15/2045		319,817
		Consolidated Edison Company of New York, Inc.
	168,000	4.500%, 12/1/2045		193,145
		Consolidated Edison, Inc.
	224,000	2.000%, 5/15/2021		226,200
		Covanta Holding Corporation
	350,000	7.250%, 12/1/2020		361,375
		Dominion Resources, Inc.
	475,000	2.962%, 7/1/2019		487,543
		DTE Electric Company
	265,000	3.700%, 3/15/2045		280,125
	360,000	3.700%, 6/1/2046		381,058
		DTE Energy Company
	70,000	2.400%, 12/1/2019		71,394
		Duke Energy Corporation
	468,000	2.100%, 6/15/2018		473,381
	448,000	3.750%, 9/1/2046		434,459


Principal Amount		Long-Term Fixed Income (15.2%)	Value
	Utilities (0.4%) - continued
		Duke Energy Indiana, LLC
	$450,000	3.750%, 5/15/2046		$466,222
		Dynegy, Inc.
	680,000	6.750%, 11/1/2019		697,000
	665,000	7.375%, 11/1/2022		656,688
		Edison International
	450,000	2.950%, 3/15/2023		464,850
		Emera U.S. Finance, LP
	335,000	2.150%, 6/15/2019^g		338,664
	335,000	4.750%, 6/15/2046^g		359,537
		Enel Finance International NV
	84,000	6.250%, 9/15/2017^g		87,703
		Energy Transfer Equity, LP
	670,000	5.500%, 6/1/2027		666,650
		Eversource Energy
	150,000	1.600%, 1/15/2018		150,613
		Exelon Corporation
	240,000	5.100%, 6/15/2045		278,451
	336,000	4.450%, 4/15/2046		360,941
		Exelon Generation Company, LLC
	300,000	5.200%, 10/1/2019		329,571
	135,000	2.950%, 1/15/2020		139,143
		ITC Holdings Corporation
	67,000	4.050%, 7/1/2023		72,910
	265,000	5.300%, 7/1/2043		314,108
		Kinder Morgan Energy Partners, LP
	340,000	3.500%, 3/1/2021		351,066
		MidAmerican Energy Holdings Company
	435,000	6.500%, 9/15/2037		598,188
		Monongahela Power Company
	275,000	5.400%, 12/15/2043^g		347,312
		National Rural Utilities Cooperative Finance Corporation
	400,000	2.300%, 11/1/2020		409,292
		NextEra Energy Capital Holdings, Inc.
	280,000	2.300%, 4/1/2019		284,442
		NiSource Finance Corporation
	615,000	5.650%, 2/1/2045		778,832
		Northern States Power Company
	410,000	4.125%, 5/15/2044		463,271
		NRG Energy, Inc.
	630,000	6.625%, 3/15/2023		636,300
		Oncor Electric Delivery Company, LLC
	258,000	3.750%, 4/1/2045		269,531
		Pacific Gas & Electric Company
	336,000	4.250%, 3/15/2046		377,653
		PG&E Corporation
	140,000	2.400%, 3/1/2019		142,722
		PPL Capital Funding, Inc.
	144,000	3.500%, 12/1/2022		152,788
	515,000	5.000%, 3/15/2044		580,450
		Regency Energy Partners, LP
	448,000	5.875%, 3/1/2022		493,999
		Sempra Energy
	365,000	6.150%, 6/15/2018		392,381
	170,000	2.400%, 3/15/2020		173,206
		Southern California Edison Company
	100,000	2.400%, 2/1/2022		103,030
		Southern Company
	450,000	1.850%, 7/1/2019		453,539
	450,000	4.400%, 7/1/2046		485,549
		Southwestern Electric Power Company
	180,000	3.900%, 4/1/2045		180,119


Principal Amount		Long-Term Fixed Income (15.2%)	Value
	Utilities (0.4%) - continued
		TransAlta Corporation
	$336,000	1.900%, 6/3/2017		$336,239
		Williams Partners, LP
	450,000	5.100%, 9/15/2045		439,030

		Total		20,468,358



		Total Long-Term Fixed Income (cost $768,412,161)		789,590,200


Shares		Preferred Stock (<0.1%)	Value
	Energy (<0.1%)
	1,954	Alpha Natural Resources, Inc.^e		11,489
	1,954	ANR Holdings, Inc.^e		2,990

		Total		14,479



		Total Preferred Stock (cost $3,211)		14,479


Shares		Collateral Held for Securities Loaned (1.4%)	Value
	72,326,979	Thrivent Cash Management Trust		72,326,979

		Total Collateral Held for Securities Loaned (cost $72,326,979)		72,326,979


Shares or Principal Amount		Short-Term Investments (12.0%)^l	Value
		Federal Home Loan Bank Discount Notes
	11,600,000	0.365%, 10/5/2016^m		11,599,872
	3,800,000	0.365%, 10/7/2016^m		3,799,920
	3,300,000	0.370%, 10/14/2016^m		3,299,809
	1,400,000	0.375%, 10/21/2016^m		1,399,867
	500,000	0.355%, 10/28/2016^m		499,934
	1,400,000	0.335%, 11/18/2016^m		1,399,607
	3,000,000	0.345%, 11/30/2016^m		2,998,938
	5,000,000	0.345%, 12/2/2016^m		4,997,835
		Thrivent Core Short-Term Reserve Fund
	59,292,594	0.750%		592,925,936

		Total Short-Term Investments (cost $622,919,048)		622,921,718

		Total Investments (cost $5,030,773,643) 106.3%		$5,528,599,183

		Other Assets and Liabilities, Net (6.3%)		(330,018,756)

		Total Net Assets 100.0%		$5,198,580,427

a	The stated interest rate represents the weighted average of all contracts within the bank loan facility.

b	All or a portion of the loan is unfunded.

c	Denotes investments purchased on a when-issued or delayed delivery basis.

d	In bankruptcy. Interest is not being accrued.

e	Non-income producing security.

f	All or a portion of the security is on loan.

Denotes securities sold under Rule 144A of the Securities Act of 1933, which exempts them from registration. These securities have been deemed liquid and may be resold to other dealers in the program or to other qualified institutional buyers. As of September 30, 2016, the value of these investments was $70,031,473 or 1.3% of total net assets.

h	Denotes variable rate securities. Variable rate securities are securities whose yields vary with a designated market index or market rate. The rate shown is as of September 30, 2016.

i	Denotes step coupon securities. Step coupon securities pay an initial coupon rate for the first period and then different coupon rates for following periods. The rate shown is as of September 30, 2016.

j	Denotes perpetual securities. Perpetual securities pay an indefinite stream of interest, but may be called by the issuer at an earlier date.

Denotes interest only security. Interest only securities represent the right to receive monthly interest payments on an underlying pool of mortgages or assets. The principal shown is the outstanding par amount of the pool as of the end of the period. The actual effective yield of the security is different than the stated coupon rate.

l	The interest rate shown reflects the yield, coupon rate or the discount rate at the date of purchase.

m	All or a portion of the security is held on deposit with the counterparty and pledged as the initial margin deposit for open futures contracts.

Denotes restricted securities. Restricted securities are investment securities which have been deemed illiquid and cannot be offered for public sale without first being registered under the Securities Act of 1933. The value of all restricted securities held in Moderately Aggressive Allocation Portfolio as of September 30, 2016 was $32,744,276 or 0.6% of total net assets. The following table indicates the acquisition date and cost of restricted securities shown in the schedule as of September 30, 2016.


Security	Acquisition Date		Cost
Alm Loan Funding CLO, 10/17/2026		7/31/2014		$384,808
Angel Oak Mortgage Trust I, LLC, 7/25/2046		8/15/2016		566,488
Apidos CLO XVIII, 7/22/2026		6/25/2014		374,062
Ares CLO, Ltd., 11/15/2025		11/26/2014		750,000
Ares CLO, Ltd., 10/12/2023		5/15/2015		1,275,000
Babson CLO, Ltd., 10/17/2026		8/15/2014		384,808
Betony CLO, Ltd., 4/15/2027		2/25/2015		350,000
Birchwood Park CLO, Ltd., 7/15/2026		7/31/2014		385,000
BlueMountain CLO, Ltd., 10/15/2026		8/27/2014		384,611
Carlyle Global Market Strategies CLO, Ltd., 10/15/2026		9/19/2014		400,000
Carlyle Global Market Strategies CLO, Ltd., 7/20/2023		7/3/2014		385,000
Cent CLO 16, LP, 8/1/2024		9/5/2014		385,000
Cent CLO 22, Ltd., 11/7/2026		9/19/2014		400,000
Digicel, Ltd., 4/15/2021		8/18/2014		1,238,362
DRB Prime Student Loan Trust, 10/27/2031		9/30/2016		688,439
DRB Prime Student Loan Trust, 1/25/2040		12/4/2015		1,669,993
Dryden 34 Senior Loan Fund CLO, 10/15/2026		7/21/2014		385,000
Edlinc Student Loan Funding Trust, 10/1/2025		2/28/2013		262,174
Galaxy XX CLO, Ltd., 7/20/2027		5/20/2015		1,200,000
GoldenTree Loan Opportunities IX, Ltd., 10/29/2026		10/3/2014		399,600
Golub Capital Partners CLO 22B, Ltd., 2/20/2027		2/6/2015		721,303
Golub Capital Partners CLO 23M, Ltd., 5/5/2027		5/18/2015		349,125
Limerock CLO III, LLC, 10/20/2026		10/16/2014		1,150,000
Madison Park Funding XIV CLO, Ltd., 7/20/2026		7/3/2014		424,490
Madison Park Funding, Ltd., 8/15/2022		5/8/2015		1,100,000
Magnetite XII, Ltd., 4/15/2027		2/6/2015		1,200,000
Marlette Funding Trust, 1/17/2023		7/20/2016		651,663
Mountain View CLO, Ltd., 7/15/2027		5/13/2015		1,196,892
NCF Dealer Floorplan Master Trust, 3/21/2022		4/8/2016		1,470,906
Neuberger Berman CLO, Ltd., 8/4/2025		6/19/2014		300,000
NZCG Funding CLO, Ltd., 4/27/2027		3/27/2015		1,200,000
Octagon Investment Partners XX CLO, Ltd., 8/12/2026		7/10/2014		385,000
OHA Loan Funding, Ltd., 10/20/2026		11/6/2014		1,147,125
OZLM VIII, Ltd., 10/17/2026		8/7/2014		382,806
Pretium Mortgage Credit Partners, LLC, 11/27/2030		11/6/2015		2,049,878
Race Point IX CLO, Ltd., 4/15/2027		2/13/2015		900,000
Shackleton VII CLO, Ltd., 4/15/2027		3/27/2015		1,200,000
Sunset Mortgage Loan Company, LLC, 7/16/2047		7/27/2016		1,478,421
Symphony CLO VIII, Ltd., 1/9/2023		9/15/2014		358,647
Symphony CLO XV, Ltd., 10/17/2026		10/17/2014		1,141,375


Security	Acquisition Date		Cost
Vericrest Opportunity Loan Transferee, 2/25/2055		2/25/2015		$277,843
Vericrest Opportunity Loan Transferee, 10/25/2058		1/13/2016		978,986
Voya CLO 3, Ltd., 7/25/2026		7/10/2014		384,422

The following table presents the total amount of securities loaned with continuous maturity, by type, offset by the gross payable upon return of collateral for securities loaned by Thrivent Moderately Aggressive Allocation Portfolio as of September 30, 2016:


Securities Lending Transactions
Taxable Debt Security	$	5,983,863
Common Stock		65,494,725

Total lending	$	71,478,588
Gross amount payable upon return of collateral for securities loaned	$	72,326,979

Net amounts due to counterparty	$	848,391

Definitions:


ADR	-	American Depositary Receipt, which are certificates for an underlying foreign security’s shares held by an issuing U.S. depository bank.
CLO	-	Collateralized Loan Obligation
ETF	-	Exchange Traded Fund.
REIT	-	Real Estate Investment Trust is a company that buys, develops, manages and/or sells real estate assets.
TIPS	-	Treasury Inflation Protected Security.


Unrealized Appreciation (Depreciation)
Gross unrealized appreciation and depreciation of investments, based on cost for federal income tax purposes, were as follows:

Gross unrealized appreciation	$	612,111,405
Gross unrealized depreciation		(114,285,865)

Net unrealized appreciation (depreciation)	$	497,825,540

Cost for federal income tax purposes	$	5,030,773,643

The following table is a summary of the inputs used, as of September 30, 2016, in valuing Moderately Aggressive Allocation Portfolio’s assets carried at fair value.

There were no significant transfers between Levels during the period ended September 30, 2016. Transfers between Levels are identified as of the end of the period.

The following table presents Moderately Aggressive Allocation Portfolio’s futures contracts held as of September 30, 2016. Investments and/or cash totaling $28,795,896 were pledged as the initial margin deposit for these contracts.

A summary of transactions for the fiscal year to date, in Moderately Aggressive Allocation Portfolio, is as follows:


Principal Amount		Bank Loans (1.7%)^a	Value
	Basic Materials (0.1%)
		Fortescue Metals Group, Ltd., Term Loan
	$1,321,455	3.750%, 6/30/2019		$1,319,645
		Ineos US Finance, LLC, Term Loan
	3,774,418	3.750%, 12/15/2020		3,781,023
		Tronox Pigments BV, Term Loan
	2,977,217	4.500%, 3/19/2020		2,943,724

		Total		8,044,392


	Capital Goods (0.1%)
		Accudyne Industries, LLC, Term Loan
	1,529,557	4.000%, 12/13/2019		1,427,581
		ADS Waste Holdings, Inc., Term Loan
	1,433,923	3.750%, 10/9/2019		1,434,598
		Cortes NP Acquisition Corporation, Term Loan
	3,250,000	0.000%, 10/3/2023^b,c		3,176,875

		Total		6,039,054


	Communications Services (0.4%)
		FairPoint Communications, Inc., Term Loan
	2,874,956	7.500%, 2/14/2019		2,873,403
		Grande Communications Networks, LLC, Term Loan
	2,525,261	4.500%, 5/29/2020		2,525,261
		Hargray Communications Group, Inc., Term Loan
	2,840,471	5.250%, 6/26/2019		2,852,316
		Integra Telecom Holdings, Inc., Term Loan
	1,847,012	5.250%, 8/14/2020		1,833,160
	890,900	9.750%, 2/12/2021		864,173
		Intelsat Jackson Holdings SA, Term Loan
	919,236	3.750%, 6/30/2019		873,063
		Liberty Cablevision of Puerto Rico, LLC, Term Loan
	4,380,000	4.500%, 1/7/2022		4,317,059
	1,000,000	7.750%, 7/7/2023		951,880
		LTS Buyer, LLC, Term Loan
	2,953,350	4.088%, 4/13/2020		2,952,434
	135,988	8.000%, 4/12/2021		135,988
		NEP Broadcasting, LLC, Term Loan
	242,857	10.000%, 7/22/2020		243,161
		NEP/NCP Holdco, Inc., Term Loan
	3,852,841	4.250%, 1/22/2020		3,833,577
		Syniverse Holdings, Inc., Term Loan
	2,434,006	4.000%, 4/23/2019		2,148,010
		TNS, Inc., Term Loan
	2,517,534	5.000%, 2/14/2020		2,531,708
		Univision Communications, Inc., Term Loan
	3,448,056	4.000%, 3/1/2020		3,453,986
		WideOpenWest Finance, LLC, Term Loan
	2,425,000	4.500%, 8/18/2023		2,413,384
		Yankee Cable Acquisition, LLC, Term Loan
	2,277,601	4.250%, 3/1/2020		2,276,189
		Zayo Group, LLC, Term Loan
	4,167,381	3.750%, 5/6/2021		4,184,759

		Total		41,263,511


Principal Amount		Bank Loans (1.7%)^a	Value
	Consumer Cyclical (0.3%)
		Amaya BV, Term Loan
	$5,152,272	5.000%, 8/1/2021		$5,145,832
		Burlington Coat Factory Warehouse Corporation, Term Loan
	1,754,092	3.500%, 8/13/2021		1,765,791
		Cengage Learning Acquisitions, Term Loan
	1,635,900	5.250%, 6/7/2023		1,633,855
		Ceridian HCM Holding, Inc., Term Loan
	1,631,036	4.500%, 9/15/2020		1,592,299
		Golden Nugget, Inc., Term Loan
	1,118,198	0.000%, 11/21/2019		1,123,789
		Golden Nugget, Inc., Term Loan Delayed Draw
	479,228	0.000%, 11/21/2019		481,624
		IMG Worldwide, Inc., Term Loan
	2,883,843	5.250%, 5/6/2021		2,891,774
	1,480,000	8.250%, 5/6/2022		1,477,232
		Jack Ohio Finance, LLC, Term Loan
	941,195	5.000%, 6/20/2019^b,c		919,237
		Mohegan Tribal Gaming Authority, Term Loan
	3,064,894	5.500%, 6/15/2018		3,061,829
	1,975,000	0.000%, 9/30/2023^b,c		1,962,656
		Scientific Games International, Inc., Term Loan
	4,480,568	6.000%, 10/18/2020		4,493,159
	4,563,181	6.000%, 10/1/2021		4,570,163

		Total		31,119,240


	Consumer Non-Cyclical (0.2%)
		Albertson’s, LLC, Term Loan
	845,755	4.750%, 12/21/2022		853,688
	2,571,429	4.750%, 6/22/2023		2,595,986
		JBS USA, LLC, Term Loan
	918,062	4.000%, 10/30/2022		916,915
		McGraw-Hill Global Education Holdings, LLC, Term Loan
	2,817,938	5.000%, 5/4/2022		2,832,732
		Ortho-Clinical Diagnostics, Inc., Term Loan
	4,072,769	4.750%, 6/30/2021		3,977,751
		Sterigenics-Nordion Holdings, LLC, Term Loan
	905,850	4.250%, 5/16/2022		908,115
		Valeant Pharmaceuticals International, Inc., Term Loan
	5,994,316	5.500%, 4/1/2022		6,009,901

		Total		18,095,088


	Energy (0.2%)
		Altice US Finance I Corporation, Term Loan
	1,975,780	4.250%, 12/14/2022		1,988,128
		Arch Coal, Inc., Term Loan
	3,415,842	7.500%, 5/16/2018^d		2,607,414
		Energy Solutions, LLC, Term Loan
	2,066,894	6.750%, 5/29/2020		2,056,560
		Expro Holdings UK 2, Ltd., Term Loan
	2,533,114	5.750%, 9/2/2021		2,114,365
		Fieldwood Energy, LLC, Term Loan
	2,052,773	3.875%, 10/1/2018		1,765,385


Principal Amount		Bank Loans (1.7%)^a	Value
	Energy (0.2%) - continued
		Houston Fuel Oil Terminal, LLC, Term Loan
	$3,010,337	4.250%, 8/19/2021		$2,950,130
		McJunkin Red Man Corporation, Term Loan
	1,417,945	5.000%, 11/8/2019		1,381,320
		MEG Energy Corporation, Term Loan
	1,442,431	3.750%, 3/31/2020		1,342,658
		Pacific Drilling SA, Term Loan
	2,346,188	4.500%, 6/3/2018		646,375
		Targa Resources Partners, LP, Term Loan
	1,029,767	5.750%, 2/27/2022		1,029,767
		Western Refining, Inc., Term Loan
	1,406,475	5.500%, 6/23/2023		1,402,959

		Total		19,285,061


	Financials (0.1%)
		DJO Finance, LLC, Term Loan
	1,440,450	4.250%, 6/7/2020		1,413,441
		Harland Clarke Holdings Corporation, Term Loan
	1,332,720	7.000%, 5/22/2018		1,314,955
	1,340,625	7.000%, 12/31/2019		1,313,477
		MoneyGram International, Inc., Term Loan
	3,056,507	4.250%, 3/27/2020		2,957,171
		WaveDivision Holdings, LLC, Term Loan
	3,522,815	4.000%, 10/15/2019		3,521,335

		Total		10,520,379


	Technology (0.2%)
		Avago Technoligies Cayman Finance, Ltd., Term Loan
	2,361,517	3.524%, 2/1/2023		2,388,415
		First Data Corporation, Term Loan
	6,208,549	4.525%, 3/24/2021		6,251,636
	1,855,000	4.275%, 7/8/2022		1,864,739
		Micron Technology, Inc., Term Loan
	723,187	6.530%, 4/26/2022		730,549
		Western Digital Corporation, Term Loan
	3,366,563	4.500%, 4/29/2023		3,398,141

		Total		14,633,480


	Transportation (0.1%)
		OSG Bulk Ships, Inc., Term Loan
	3,285,963	5.250%, 8/5/2019		3,273,641
		XPO Logistics, Inc., Term Loan
	2,488,125	4.250%, 10/30/2021		2,501,088

		Total		5,774,729


	Utilities (<0.1%)
		Intergen NV, Term Loan
	1,145,786	5.500%, 6/12/2020		1,077,039

		Total		1,077,039



		Total Bank Loans (cost $158,861,254)		155,851,973


Shares		Common Stock (33.6%)	Value
	Consumer Discretionary (4.7%)
	96,511	Aaron’s, Inc.		2,453,310
	76,642	Amazon.com, Inc.^e		64,173,113


Shares		Common Stock (33.6%)	Value
	Consumer Discretionary (4.7%) - continued
	22,920	American Axle & Manufacturing Holdings, Inc.^e		$394,682
	34,204	American Public Education, Inc.^e		677,581
	14,900	Aramark		566,647
	18,670	Armstrong Flooring, Inc.^e		352,490
	22,180	Ascent Capital Group, Inc.^e		513,911
	15,340	AutoZone, Inc.^e		11,786,336
	80,450	Barnes & Noble, Inc.		909,085
	1,200	Bayerische Motoren Werke AG		88,566
	44,300	Beazer Homes USA, Inc.^e		516,538
	47,940	Bed Bath & Beyond, Inc.^f		2,066,693
	800	Beiersdorf AG		75,515
	17,600	Berkeley Group Holdings plc		588,078
	11,810	Best Buy Company, Inc.		450,906
	23,190	Big 5 Sporting Goods Corporation		315,848
	37,630	Bloomin’ Brands, Inc.		648,741
	18,900	BorgWarner, Inc.		664,902
	2,600	Brembo SPA		155,147
	22,200	Bridgestone Corporation		817,932
	102,365	Brunswick Corporation		4,993,365
	4,230	Buffalo Wild Wings, Inc.^e		595,330
	11,598	Bunzl plc		342,005
	42,956	Burlington Stores, Inc.^e		3,480,295
	40,530	Caleres, Inc.		1,025,004
	96,240	Callaway Golf Company		1,117,346
	12,000	Calsonic Kansei Corporation		111,161
	81,240	Carter’s, Inc.		7,044,320
	21,799	Cedar Fair, LP		1,248,865
	43,360	Cheesecake Factory, Inc.		2,170,602
	300	Christian Dior SE		53,804
	20,090	Chuy’s Holdings, Inc.^e		561,315
	30,850	Cinemark Holdings, Inc.		1,180,938
	17,600	Cineworld Group plc		132,226
	21,840	ClubCorp Holdings, Inc.		316,025
	520,144	Comcast Corporation		34,506,353
	5,100	Compass Group plc		98,769
	400	Continental AG		84,281
	83,684	Core-Mark Holding Company, Inc.		2,995,887
	53,440	CSS Industries, Inc.		1,366,995
	63,013	Culp, Inc.		1,875,897
	93,980	Dana, Inc.		1,465,148
	59,600	Debenhams plc		43,052
	8,050	Deckers Outdoor Corporation^e		479,377
	113,398	Delphi Automotive plc		8,087,545
	27,500	Denso Corporation		1,097,375
	16,080	DeVry Education Group, Inc.		370,805
	14,032	Discovery Communications, Inc., Class A^e,f		377,741
	69,790	Dish DBS Corporation^e		3,823,096
	34,850	Dollar General Corporation		2,439,152
	99,853	Dollar Tree, Inc.^e		7,881,397
	21,700	Domino’s Pizza, Inc.		3,295,145
	87,520	DSW, Inc.		1,792,410
	81,110	Duluth Holdings, Inc.^e,f		2,150,226
	4,710	EchoStar Corporatione		206,439
	62,020	Etsy, Inc.^e		885,646
	24,800	Eutelsat Communications		513,297
	24,187	Expedia, Inc.		2,823,107
	58,100	Finish Line, Inc.		1,340,948
	23,900	Fuji Heavy Industries, Ltd.		896,716
	53,320	Gentex Corporation		936,299
	48,185	G-III Apparel Group, Ltd.^e		1,404,593
	276,080	GNC Holdings, Inc.		5,637,554
	34,000	Gunze, Ltd.		109,843
	6,100	Hakuhodo Dy Holdings, Inc.		71,493
	195,108	Harley-Davidson, Inc.^f		10,260,730


Shares		Common Stock (33.6%)	Value
	Consumer Discretionary (4.7%) - continued
	44,346	Harman International Industries, Inc.		$3,745,020
	72,601	Haverty Furniture Companies, Inc.		1,454,924
	1,900	Hennes & Mauritz AB		53,629
	180,840	Home Depot, Inc.		23,270,491
	61,200	Honda Motor Company, Ltd.		1,766,250
	62,290	Houghton Mifflin Harcourt Company^e		835,309
	12,800	HSN, Inc.		509,440
	34,500	Inchcape plc		294,379
	31,290	Interpublic Group of Companies, Inc.		699,331
	5,500	Intertek Group plc		248,290
	29,670	Interval Leisure Group, Inc.		509,434
	8,840	Jack in the Box, Inc.		848,110
	21,990	John Wiley and Sons, Inc.		1,134,904
	67,289	Kate Spade & Company^e		1,152,661
	15,900	Kingfisher plc		77,577
	1,400	Koito Manufacturing Company, Ltd.		68,138
	2,400	KOMERI Company, Ltd.		58,403
	23,258	L Brands, Inc.		1,645,969
	210,425	Las Vegas Sands Corporation		12,107,854
	36,540	La-Z-Boy, Inc.		897,422
	4,450	Lear Corporation		539,429
	95,730	Liberty Interactive Corporation^e		1,915,557
	2,062	Linamar Corporation		86,098
	25,731	Lithia Motors, Inc.		2,457,825
	92,580	LKQ Corporation^e		3,282,887
	158,710	Lowe’s Companies, Inc.		11,460,449
	21,970	Lululemon Athletica, Inc.^e		1,339,731
	2,000	LVMH Moet Hennessy Louis Vuitton SE		341,024
	9,800	Marks and Spencer Group plc		42,043
	31,750	Masonite International Corporation^e		1,973,898
	42,707	MDC Partners, Inc.^f		457,819
	18,670	Meredith Corporation		970,653
	5,440	Meritage Homes Corporation^e		188,768
	2,160	Mohawk Industries, Inc.^e		432,734
	7,070	Monro Muffler Brake, Inc.		432,472
	3,260	Murphy USA, Inc.^e		232,634
	41,362	New Media Investment Group, Inc.		641,111
	135,930	Newell Brands, Inc.		7,158,074
	34,990	News Corporation, Class A		489,160
	2,300	Nifco, Inc.		122,190
	165,830	NIKE, Inc.		8,730,949
	3,200	Nokian Renkaat Oyj		116,673
	69,487	Nord Anglia Education, Inc.^e,f		1,513,427
	195,997	Nutrisystem, Inc.		5,819,151
	14,221	O’Reilly Automotive, Inc.^e		3,983,444
	66,881	Oxford Industries, Inc.		4,527,844
	800	Paddy Power plc		90,461
	51,490	Papa John’s International, Inc.		4,059,986
	108,407	Papa Murphy’s Holdings, Inc.^e,f		699,225
	45,680	Penn National Gaming, Inc.^e		619,878
	36,800	Persimmon plc		865,258
	4,760	Priceline Group, Inc.^e		7,004,292
	51,248	PVH Corporation		5,662,904
	14,922	Ralph Lauren Corporation		1,509,211
	49,150	Rent-A-Center, Inc.		621,256
	15,225	Restoration Hardware Holdings, Inc.^e,f		526,481
	31,320	Retailmenot, Inc.^e		309,755
	110,578	Ross Stores, Inc.		7,110,165
	15,270	Royal Caribbean Cruises, Ltd.		1,144,486
	1,300	RTL Group SA		107,998
	54,340	Ruth’s Hospitality Group, Inc.		767,281
	18,520	Sally Beauty Holdings, Inc.^e,f		475,594
	110,470	Scripps Networks Interactive, Inc.		7,013,740
	8,500	Sekisui House, Ltd.		144,812


Shares		Common Stock (33.6%)	Value
	Consumer Discretionary (4.7%) - continued
	26,660	Select Comfort Corporation^e		$575,856
	9,000	SHOWA Corporation		47,424
	19,660	Signet Jewelers, Ltd.		1,465,260
	5,300	Sky plc		61,427
	49,363	Sportsman’s Warehouse Holdings, Inc.^e,f		519,299
	25,860	Staples, Inc.		221,103
	160,410	Starbucks Corporation		8,684,597
	91,484	Stein Mart, Inc.		580,923
	16,870	Steven Madden, Ltd.^e		583,027
	23,800	Sumitomo Forestry Company, Ltd.		318,531
	13,800	Sumitomo Rubber Industries, Ltd.		208,737
	1,200	Swatch Group AG		66,815
	39,590	Tailored Brands, Inc.		621,563
	28,000	Tatts Group, Ltd.		78,696
	42,590	Tegna, Inc.		931,017
	47,480	Tempur-Pedic International, Inc.^e,f		2,694,015
	16,945	Tenneco, Inc.^e		987,385
	10,160	Tiffany & Company^f		737,921
	141,833	Time, Inc.		2,053,742
	93,090	TJX Companies, Inc.		6,961,270
	162,324	Toll Brothers, Inc.^e		4,846,995
	120,093	Tower International, Inc.		2,894,241
	1,100	Toyota Motor Corporation		63,807
	108,497	Tuesday Morning Corporation^e		648,812
	3,330	Tupperware Brands Corporation		217,682
	6,302	Ulta Salon Cosmetics & Fragrance, Inc.^e		1,499,750
	19,613	Under Armour, Inc., Class A^e,f		758,631
	19,752	Under Armour, Inc., Class C^e		668,803
	15,409	Vail Resorts, Inc.		2,417,364
	453	Valora Holding AG		129,091
	67,760	Vera Bradley, Inc.^e		1,026,564
	28,712	VF Corporation		1,609,308
	13,840	Visteon Corporation		991,774
	20,360	Vitamin Shoppe, Inc.^e		546,666
	12,000	Wacoal Holdings Corporation		135,454
	102,290	Walt Disney Company		9,498,649
	13,850	Whirlpool Corporation		2,245,916
	3,400	Whitbread plc		172,557
	54,580	Wingstop, Inc.^f		1,599,194
	21,993	Wolters Kluwer NV		940,232
	16,000	WPP plc		376,088
	8,500	Yokohama Rubber Company, Ltd.		136,062
	38,070	Yum! Brands, Inc.		3,457,137
	44,900	Zoe’s Kitchen, Inc.^e,f		996,331

		Total		427,548,016


	Consumer Staples (1.4%)
	43,852	AdvancePierre Foods Holdings, Inc.		1,208,561
	13,200	Axfood AB		233,033
	13,100	Blue Buffalo Pet Products, Inc.^e		311,256
	6,379	British American Tobacco plc		406,825
	37,140	Brown-Forman Corporation		1,761,922
	41,710	Campbell Soup Company		2,281,537
	26,152	Casey’s General Stores, Inc.		3,142,163
	187,260	Coca-Cola Company		7,924,843
	24,000	Coca-Cola HBC AG		557,554
	338,630	CVS Health Corporation		30,134,684
	11,649	e.l.f. Beauty, Inc.^e,f		327,570
	4,800	Ebro Foods SA		111,650
	51,450	Estee Lauder Companies, Inc.		4,556,412
	216,080	Flowers Foods, Inc.^f		3,267,130
	16,660	General Mills, Inc.		1,064,241
	774	George Weston, Ltd.		64,565
	74,390	Hain Celestial Group, Inc.^e		2,646,796


Shares		Common Stock (33.6%)	Value
	Consumer Staples (1.4%) - continued
	5,100	Henkel AG & Company KGaA		$594,836
	36,477	Imperial Brands plc		1,877,484
	31,220	Ingredion, Inc.		4,154,133
	8,041	J & J Snack Foods Corporation		957,844
	4,600	Jeronimo Martins SGPS SA		79,726
	5,300	Kao Corporation		299,652
	2,400	Kesko Oyj		110,568
	31,530	Kimberly-Clark Corporation		3,977,194
	64,564	Koninklijke Ahold Delhaize NV		1,470,515
	4,120	Lancaster Colony Corporation		544,211
	17,030	Molson Coors Brewing Company		1,869,894
	35,340	Monster Beverage Corporation^e		5,188,265
	7,100	Nestle SA		560,645
	21,450	PepsiCo, Inc.		2,333,116
	65,886	Philip Morris International, Inc.		6,405,437
	188,950	Pinnacle Foods, Inc.		9,479,622
	1,536	Premium Brands Holdings Corporation		72,354
	33,500	Procter & Gamble Company		3,006,625
	95,303	SpartanNash Company		2,756,163
	5,700	Suedzucker AG		158,522
	33,548	United Natural Foods, Inc.^e		1,343,262
	5,500	Universal Corporation		320,210
	111,570	Walgreens Boots Alliance, Inc.		8,994,773
	159,540	WhiteWave Foods Company^e		8,683,762

		Total		125,239,555


	Energy (4.5%)
	12,870	Anadarko Petroleum Corporation		815,443
	261,592	Archrock, Inc.		3,421,623
	121,809	Atwood Oceanics, Inc.^f		1,058,520
	479,470	Baker Hughes, Inc.		24,198,851
	17,370	Baytex Energy Corporation^e		73,746
	442,987	BP plc		2,582,041
	60,289	Bristow Group, Inc.		845,252
	29,470	California Resources Corporation^e,f		368,375
	332,428	Callon Petroleum Company^e		5,219,120
	429,880	Canadian Natural Resources, Ltd.		13,773,355
	400,440	Chevron Corporation		41,213,285
	60,880	Cimarex Energy Company		8,180,446
	22,682	Clayton Williams Energy, Inc.^e,f		1,937,950
	232,790	Clean Energy Fuels Corporation^e,f		1,040,571
	1,393,031	Cobalt International Energy, Inc.^e		1,727,358
	116,652	Concho Resources, Inc.^e		16,022,152
	144,450	ConocoPhillips		6,279,241
	174,185	Continental Resources, Inc.^e		9,050,653
	34,039	Contura Energy, Inc.^e		1,421,128
	72,170	Delek US Holdings, Inc.		1,247,819
	158,480	Devon Energy Corporation		6,990,553
	30,510	Diamond Offshore Drilling, Inc.^f		537,281
	37,106	Diamondback Energy, Inc.^e		3,582,213
	158,577	Ensco plc		1,347,905
	213,570	EOG Resources, Inc.		20,654,355
	52,290	EP Energy Corporation^e,f		229,030
	370,161	EQT Corporation		26,881,092
	134,820	Exxon Mobil Corporation		11,767,090
	53,130	Frank’s International NV		690,690
	46,160	Green Plains, Inc.		1,209,392
	8,050	Gulfport Energy Corporation^e		227,413
	141,350	Halliburton Company		6,343,788
	27,727	HollyFrontier Corporation		679,312
	113,330	Hornbeck Offshore Services, Inc.^e,f		623,315
	16,880	Kinder Morgan, Inc.		390,434
	1,477,261	Marathon Oil Corporation		23,355,496
	498,170	Marathon Petroleum Corporation		20,220,720
	11,430	Murphy Oil Corporation		347,472


Shares		Common Stock (33.6%)	Value
	Energy (4.5%) - continued
	504,990	Nabors Industries, Ltd.		$6,140,678
	17,910	Newfield Exploration Company^e		778,369
	9,620	Noble Energy, Inc.		343,819
	162,970	Oasis Petroleum, Inc.^e		1,869,266
	11,980	Oceaneering International, Inc.		329,570
	15,780	Oil States International, Inc.^e		498,175
	20,657	OMV AG		594,760
	192,888	Parsley Energy, Inc.^e		6,463,677
	291,965	Patterson-UTI Energy, Inc.		6,531,257
	5,080	PDC Energy, Inc.^e		340,665
	198,592	Pioneer Energy Services Corporation^e		802,312
	66,500	Pioneer Natural Resources Company		12,345,725
	333,240	Rowan Companies plc		5,051,918
	17,798	Royal Dutch Shell plc		444,146
	238,147	Royal Dutch Shell plc ADR^f		11,924,020
	757	Royal Dutch Shell plc, Class A		18,832
	40,472	Royal Dutch Shell plc, Class B		1,049,259
	123,730	RPC, Inc.^e,f		2,078,664
	11,280	RSP Permian, Inc.^e		437,438
	311,575	Schlumberger, Ltd.		24,502,258
	49,850	SemGroup Corporation		1,762,696
	14,087	SM Energy Company		543,476
	17,244	Statoil ASA		289,497
	694,210	Suncor Energy, Inc. ADR		19,285,154
	10,030	Superior Energy Services, Inc.		179,537
	67,970	Teekay Corporation^f		524,049
	159,172	Teekay Tankers, Ltd.		402,705
	91,845	Tesco Corporation		749,455
	226,870	TETRA Technologies, Inc.^e		1,386,176
	16,085	Total SA^f		765,016
	66,314	U.S. Silica Holdings, Inc.^f		3,087,580
	5,693	Vantage Drilling International^e		449,747
	2,067,180	Weatherford International plc^e		11,617,552
	1,558,385	WPX Energy, Inc.^e		20,555,098

		Total		410,697,026


	Financials (4.1%)
	37,341	Affiliated Managers Group, Inc.^e		5,403,243
	10,400	AIA Group, Ltd.		69,937
	16,800	Allianz SE		2,496,664
	29,530	Allied World Assurance Company Holdings AG		1,193,603
	20,020	American Capital Mortgage Investment Corporation		344,144
	16,550	American Financial Group, Inc.		1,241,250
	72,480	American International Group, Inc.		4,300,963
	68,190	Ameris Bancorp		2,383,240
	19,440	AMERISAFE, Inc.		1,142,683
	169,860	Anworth Mortgage Asset Corporation		835,711
	27,914	Argo Group International Holdings, Ltd.		1,574,908
	71,140	Aspen Insurance Holdings, Ltd.		3,314,413
	27,070	Associated Banc-Corp		530,301
	190,450	Assured Guaranty, Ltd.		5,284,987
	37,500	Australia & New Zealand Banking Group, Ltd.		798,809
	64,000	Banco Santander SA		283,928
	75,210	BancorpSouth, Inc.		1,744,872
	699,130	Bank of America Corporation		10,941,384
	45,600	Bank of East Asia, Ltd.		186,111
	9,062	Bank of Montreal		593,818
	49,900	Bank of New York Mellon Corporation		1,990,012
	30,579	Bank of Nova Scotia		1,620,376
	52,365	Bank of the Ozarks, Inc.		2,010,816
	34,220	BankFinancial Corporation		434,594
	127,550	BB&T Corporation		4,811,186


Shares		Common Stock (33.6%)	Value
	Financials (4.1%) - continued
	88,080	Beneficial Bancorp, Inc.		$1,295,657
	224,980	Blackstone Group, LP		5,743,739
	272,320	Boston Private Financial Holdings, Inc.		3,493,866
	139,910	Brookline Bancorp, Inc.		1,705,503
	51,830	Brown & Brown, Inc.		1,954,509
	912	Canadian Imperial Bank of Commerce		70,717
	3,280	Canadian Western Bank^f		63,127
	69,630	Capital One Financial Corporation		5,001,523
	336,110	Capstead Mortgage Corporation		3,169,517
	37,870	Cathay General Bancorp		1,165,639
	67,300	Central Pacific Financial Corporation		1,695,287
	25,140	Charles Schwab Corporation		793,670
	32,433	Chemical Financial Corporation		1,431,268
	21,000	Chiba Bank, Ltd.		119,263
	40,760	Chubb, Ltd.		5,121,494
	11,166	CI Financial Corporation^f		214,222
	327,480	Citigroup, Inc.		15,466,880
	41,200	Clifton Bancorp, Inc.		629,948
	21,500	CNP Assurances		361,222
	231,442	CoBiz Financial, Inc.		3,080,493
	70,693	Columbia Banking System, Inc.		2,313,075
	141,480	Comerica, Inc.		6,694,834
	3,400	Danske Bank AS		99,470
	67,163	Direct Line Insurance Group plc		317,258
	312,370	E*TRADE Financial Corporation^e		9,096,214
	180,975	East West Bancorp, Inc.		6,643,592
	8,620	Eaton Vance Corporation		336,611
	80,408	Employers Holdings, Inc.		2,398,571
	15,200	Endurance Specialty Holdings, Ltd.		994,840
	45,570	Enova International, Inc.^e		441,118
	19,300	Erste Group Bank AG		571,509
	63,737	Essent Group, Ltd.^e		1,696,042
	32,372	Evercore Partners, Inc.		1,667,482
	3,600	EXOR SPA		145,770
	72,760	F.N.B. Corporation		894,948
	40,980	Federated Investors, Inc.		1,214,237
	453,950	Fifth Third Bancorp		9,287,817
	24,790	First American Financial Corporation		973,751
	210,850	First Commonwealth Financial Corporation		2,127,476
	50,110	First Financial Bancorp		1,094,402
	21,810	First Financial Corporation		887,231
	40,160	First Horizon National Corporation		611,637
	17,450	First Merchants Corporation		466,788
	236,610	First Midwest Bancorp, Inc.		4,580,770
	26,590	First NBC Bank Holding Company^e		251,010
	138,715	First Republic Bank		10,696,314
	95,300	FlexiGroup, Ltd.		170,157
	8,780	Franklin Resources, Inc.		312,305
	144,000	Fukuoka Financial Group, Inc.		598,513
	231,960	Genworth Financial, Inc.^e		1,150,522
	5,231	Genworth MI Canada, Inc.^f		134,608
	60,948	Glacier Bancorp, Inc.		1,738,237
	95,090	Goldman Sachs Group, Inc.		15,335,164
	123,830	Great Western Bancorp, Inc.		4,126,016
	137,090	Green Bancorp, Inc.^e		1,498,394
	50,030	Greenhill & Company, Inc.		1,179,207
	700	Groupe Bruxelles Lambert SA		62,134
	55,920	Hancock Holding Company		1,813,486
	17,800	Hang Seng Bank, Ltd.		319,533
	153,536	Hanmi Financial Corporation		4,044,138
	8,100	Hannover Rueckversicherung SE		868,287
	23,740	Hanover Insurance Group, Inc.		1,790,471


Shares		Common Stock (33.6%)	Value
	Financials (4.1%) - continued
	19,790	Hartford Financial Services Group, Inc.		$847,408
	113,800	Henderson Group plc		341,615
	155,346	Home BancShares, Inc.		3,232,750
	13,130	HomeStreet, Inc.^e		329,038
	18,890	Hometrust Bancshares, Inc.^e		349,465
	152,705	Hope Bancorp, Inc.		2,652,486
	43,581	Horace Mann Educators Corporation		1,597,244
	39,736	Houlihan Lokey, Inc.		995,387
	524,590	Huntington Bancshares, Inc.		5,172,457
	4,806	Infinity Property & Casualty Corporation		397,120
	4,682	Intact Financial Corporation		338,459
	41,453	Intercontinental Exchange, Inc.		11,165,780
	200,790	Invesco, Ltd.		6,278,703
	91,200	Investec plc		555,930
	133,270	Investors Bancorp, Inc.		1,600,573
	155,110	Janus Capital Group, Inc.		2,173,091
	582,160	KeyCorp		7,084,887
	50,640	Kinsale Capital Group, Inc.		1,114,080
	10,770	Lazard, Ltd.		391,597
	11,980	Lincoln National Corporation		562,820
	34,260	LPL Financial Holdings, Inc.^f		1,024,717
	35,540	M&T Bank Corporation		4,126,194
	11,800	Macquarie Group, Ltd.		746,286
	620	Markel Corporation^e		575,837
	175,120	MetLife, Inc.		7,780,582
	294,000	Mizuho Financial Group, Inc.		495,519
	228,280	Morgan Stanley		7,318,657
	5,600	MS and AD Insurance Group Holdings, Inc.		156,079
	5,400	National Australia Bank, Ltd.		116,078
	45,880	National Bank Holdings Corporation		1,072,216
	34,426	National Bank of Canada		1,220,700
	3,800	Navigators Group, Inc.		368,296
	45,220	NMI Holdings, Inc.^e		344,576
	16,900	Nordea Bank AB		167,825
	3,310	Northern Trust Corporation		225,047
	87,870	NorthStar Realty Europe Corporation		962,177
	24,600	Old Mutual plc		64,482
	60,673	PacWest Bancorp		2,603,478
	7,480	Piper Jaffray Companies^e		361,284
	21,228	Power Corporation of Canada		449,656
	3,012	Power Financial Corporation		69,793
	40,250	Primerica, Inc.^f		2,134,457
	27,210	Principal Financial Group, Inc.		1,401,587
	6,610	Prosperity Bancshares, Inc.		362,823
	75,510	Provident Financial Services, Inc.		1,603,077
	113,797	Raymond James Financial, Inc.		6,624,123
	23,100	Redwood Trust, Inc.		327,096
	32,064	Renasant Corporation		1,078,312
	6,247	Safety Insurance Group, Inc.		419,923
	75,453	Sandy Spring Bancorp, Inc.		2,307,353
	3,771	Schroders plc		131,688
	11,600	SEI Investments Company		529,076
	639,580	SLM Corporation^e		4,777,663
	43,380	Stewart Information Services Corporation		1,928,241
	95,393	Stifel Financial Corporation^e		3,667,861
	39,260	SunTrust Banks, Inc.		1,719,588
	71,427	SVB Financial Group^e		7,895,541
	13,900	Swiss Re AG		1,255,426
	246,640	Synchrony Financial		6,905,920
	64,910	Synovus Financial Corporation		2,111,522
	33,600	T&D Holdings, Inc.		379,045
	2,800	Talanx AG		85,442


Shares		Common Stock (33.6%)	Value
	Financials (4.1%) - continued
	259,070	TCF Financial Corporation		$3,759,106
	130,704	TD Ameritrade Holding Corporation		4,606,009
	18,780	Territorial Bancorp, Inc.		538,235
	2,000	Tokio Marine Holdings, Inc.		76,700
	5,667	Toronto-Dominion Bank		251,569
	44,520	TriCo Bancshares		1,191,800
	215,620	TrustCo Bank Corporation		1,528,746
	17,150	Trustmark Corporation		472,654
	8,710	Union Bankshares Corporation		233,167
	8,750	United Bankshares, Inc^.f		329,612
	80,770	United Community Banks, Inc.		1,697,785
	129,200	United Financial Bancorp, Inc.		1,788,128
	43,919	United Overseas Bank, Ltd.		609,323
	11,680	Unum Group		412,421
	20,970	Virtu Financial, Inc.		313,921
	13,490	Voya Financial, Inc.		388,782
	27,240	Western Alliance Bancorp^e		1,022,590
	42,500	Westpac Banking Corporation		966,968
	22,729	Wintrust Financial Corporation		1,263,051
	71,900	WisdomTree Investments, Inc.^f		739,851
	25,109	WSFS Financial Corporation		916,227
	557,966	Zions Bancorporation		17,308,105

		Total		375,244,319


	Health Care (4.1%)
	382,798	Abbott Laboratories		16,188,527
	29,576	ABIOMED, Inc.^e		3,802,882
	59,108	Acadia Healthcare Company, Inc.^e,f		2,928,801
	9,400	Acceleron Pharma, Inc.^e		340,186
	13,830	Aceto Corporation		262,632
	53,040	Advaxis, Inc.^e^,f		566,998
	29,940	Aerie Pharmaceuticals, Inc.^e		1,129,936
	28,860	Aetna, Inc.		3,331,887
	94,430	Akorn, Inc.^e		2,574,162
	142,521	Alexion Pharmaceuticals, Inc.^e		17,464,523
	22,061	Align Technology, Inc.^e		2,068,219
	102,388	Allergan plc^e		23,580,980
	38,910	Amgen, Inc.		6,490,577
	31,025	Analogic Corporation		2,748,815
	174,100	Asterias Biotherapeutics, Inc.^e,f		738,184
	4,539	Atrion Corporation		1,936,337
	5,560	Biogen, Inc.^e		1,740,447
	38,626	BioMarin Pharmaceutical, Inc.^e		3,573,678
	16,720	Boston Scientific Corporation^e		397,936
	14,040	Bristol-Myers Squibb Company		757,037
	23,291	C.R. Bard, Inc.		5,223,705
	63,825	Cardiovascular Systems, Inc.^e		1,515,206
	25,370	Catalent, Inc.^e		655,561
	218,890	Celgene Corporation^e		22,880,572
	41,240	Centene Corporation^e		2,761,430
	4,350	Charles River Laboratories International, Inc.^e		362,529
	6,560	Chemed Corporation		925,419
	19,240	CONMED Corporation		770,754
	62,440	Cooper Companies, Inc.		11,192,994
	24,310	Cross Country Healthcare, Inc.^e		286,372
	6,400	CSL, Ltd.		526,276
	101,720	Dentsply Sirona, Inc.		6,045,220
	57,913	Depomed, Inc.^e,f		1,447,246
	23,550	Dexcom, Inc.^e		2,064,393
	87,190	Edwards Lifesciences Corporation^e		10,511,626
	11,480	Emergent Biosolutions, Inc.^e		361,964
	78,406	Ensign Group, Inc.		1,578,313
	125,384	Envision Healthcare Holdings, Inc.^e		2,792,302
	13,144	Essilor International SA		1,695,526
	102,550	Express Scripts Holding Company^e		7,232,851


Shares		Common Stock (33.6%)	Value
	Health Care (4.1%) - continued
	360,161	Gilead Sciences, Inc.		$28,495,938
	21,690	Global Blood Therapeutics, Inc.^e,f		499,955
	12,690	Globus Medical, Inc.^e		286,413
	9,900	Grifols SA		213,398
	9,890	Halyard Health, Inc.^e		342,787
	28,060	HCA Holdings, Inc.^e		2,122,178
	25,849	HealthEquity, Inc.^e		978,385
	43,030	Healthways, Inc.^e		1,138,574
	12,660	Heska Corporation^e		689,084
	10,300	Hikma Pharmaceuticals plc		269,052
	16,500	Hill-Rom Holdings, Inc.		1,022,670
	189,290	Hologic, Inc.^e		7,350,131
	873	ICON plc^e		67,544
	12,310	ICU Medical, Inc.^e		1,555,738
	21,185	Impax Laboratories, Inc.^e		502,085
	52,290	Inogen, Inc.^e		3,132,171
	97,609	Intersect ENT, Inc.^e		1,546,127
	13,540	Intra-Cellular Therapies, Inc.^e		206,350
	46,766	Ironwood Pharmaceuticals, Inc.^e		742,644
	101,350	Kindred Healthcare, Inc.		1,035,797
	2,000	Lonza Group AG		382,798
	32,830	Magellan Health Services, Inc.^e		1,763,956
	134,024	Medtronic plc		11,579,674
	287,700	Merck & Company, Inc.		17,955,357
	5,700	Merck KGaA		614,833
	9,523	Mettler-Toledo International, Inc.^e		3,998,041
	77,622	Mylan NV^e		2,958,951
	34,418	National Healthcare Corporation		2,271,244
	10,140	Natural Health Trends Corporation^f		286,556
	3,950	Neogen Corporation^e		220,963
	36,466	Neurocrine Biosciences, Inc^.^e		1,846,638
	40,165	Nevro Corporation^e,f		4,192,824
	18,000	Novartis AG		1,420,566
	18,400	Novo Nordisk AS		766,888
	93,092	NuVasive, Inc.^e		6,205,513
	49,170	Omnicell, Inc.^e		1,883,211
	154,840	OraSure Technologies, Inc.^e		1,234,075
	15,500	Orthofix International NV^e		662,935
	101,230	PDL BioPharma, Inc.		339,120
	28,050	PerkinElmer, Inc.		1,573,885
	33,638	Perrigo Company plc		3,105,797
	485,680	Pfizer, Inc.		16,449,982
	38,900	PharMerica Corporation^e		1,091,923
	8,800	Prothena Corporation plc^e		527,736
	11,620	Puma Biotechnology, Inc.^e,f		779,121
	10,220	ResMed, Inc.		662,154
	119,960	Roche Holding AG ADR		3,715,161
	2,100	Roche Holding AG-Genusschein		521,847
	16,000	Sanofi		1,218,421
	89,803	Team Health Holdings, Inc.^e		2,923,986
	53,624	Teleflex, Inc.		9,011,513
	60,912	Triple-S Management Corporation^e		1,335,800
	86,286	UnitedHealth Group, Inc.		12,080,040
	71,567	Universal Health Services, Inc.		8,818,486
	11,940	VCA Antech, Inc.^e		835,561
	67,060	Veeva Systems, Inc.^e		2,768,237
	171,649	Vertex Pharmaceuticals, Inc.^e		14,969,509
	15,260	Waters Corporation^e		2,418,557
	2,580	Wellcare Health Plans, Inc.^e		302,092
	24,570	West Pharmaceutical Services, Inc.		1,830,465
	64,870	Wright Medical Group NV^e,f		1,591,261
	57,900	Ziopharm Oncology, Inc.^e,f		325,977
	54,340	Zoetis, Inc.		2,826,223

		Total		377,917,901


Shares		Common Stock (33.6%)	Value
	Industrials (3.9%)
	55,226	3M Company		$9,732,478
	16,100	ABB, Ltd.		362,861
	38,770	ABM Industries, Inc.		1,539,169
	5,500	Adecco SA		310,011
	86,177	Aegion Corporation^e		1,643,395
	17,730	Aerovironment, Inc.^e		432,789
	43,200	AGCO Corporation		2,130,624
	67,339	Air New Zealand, Ltd.		91,344
	12,270	Allison Transmission Holdings, Inc.		351,904
	8,900	Amada Holdings Company, Ltd.		92,581
	2,500	Andritz AG		136,043
	143,240	Ardmore Shipping Corporation^f		1,008,410
	47,000	Asahi Glass Company, Ltd.		303,900
	36,382	Astec Industries, Inc.		2,178,190
	3,000	Atlas Copco Aktiebolag		90,314
	29,010	AZZ, Inc.		1,893,483
	68,373	B/E Aerospace, Inc.		3,532,149
	7,100	Babcock International Group plc		95,054
	63,980	Barnes Group, Inc.		2,594,389
	4,000	Berendsen plc		64,308
	38,830	Boeing Company		5,115,464
	8,940	Brady Corporation		309,413
	1,200	Brenntag AG		65,579
	220,410	BWX Technologies, Inc.		8,457,132
	11,789	Canadian National Railway Company		770,627
	5,200	Capita plc		45,046
	61,760	Carlisle Companies, Inc.		6,334,723
	23,310	Caterpillar, Inc.		2,069,229
	42,000	Cathay Pacific Airways, Ltd.		58,713
	27,400	CBIZ, Inc.^e		306,606
	14,300	CEB, Inc.		778,921
	37,733	CIRCOR International, Inc.		2,247,377
	43,901	CLARCOR, Inc.		2,853,565
	36,990	Colfax Corporation^e		1,162,596
	81,744	Comfort Systems USA, Inc.		2,395,917
	65,950	Commercial Vehicle Group, Inc.^e		381,191
	60,380	Copart, Inc.^e		3,233,953
	9,250	Crane Company		582,842
	173,330	CSX Corporation		5,286,565
	121,820	Cummins, Inc.		15,611,233
	16,700	Curtiss-Wright Corporation		1,521,537
	12,000	Dai Nippon Printing Company, Ltd.		117,716
	7,488	Dart Group plc		40,666
	700	DCC plc		63,599
	227,500	Delta Air Lines, Inc.		8,954,400
	2,910	Deluxe Corporation		194,446
	8,300	Deutsche Post AG		259,862
	68,800	Donaldson Company, Inc.		2,568,304
	5,700	DSV AS		284,402
	6,600	East Japan Railway Company		595,743
	51,817	EMCOR Group, Inc.		3,089,330
	45,190	EnerSys		3,126,696
	21,440	Equifax, Inc.		2,885,395
	55,929	ESCO Technologies, Inc.		2,596,224
	7,980	Expeditors International of Washington, Inc.		411,130
	73,134	Federal Signal Corporation		969,757
	3,800	Flowserve Corporation		183,312
	1,700	Flughafen Zuerich AG		332,340
	9,805	Fortive Corporation		499,075
	116,229	Fortune Brands Home and Security, Inc.		6,752,905
	52,104	Franklin Electric Company, Inc.		2,121,154
	3,900	Fraport AG Frankfurt Airport Services Worldwide		213,449
	40,750	GasLog, Ltd.^f		592,913


Shares		Common Stock (33.6%)	Value
	Industrials (3.9%) - continued
	78,550	Gener8 Maritime, Inc.^e,f		$402,176
	46,720	General Dynamics Corporation		7,249,075
	13,850	Genesee & Wyoming, Inc.^e		954,957
	200	Georg Fischer AG		175,339
	72,668	Gibraltar Industries, Inc.^e		2,699,616
	73,035	Granite Construction, Inc.		3,632,761
	13,670	Greenbrier Companies, Inc.^f		482,551
	20,532	H&E Equipment Services, Inc.		344,116
	23,410	Hackett Group, Inc.		386,733
	193,140	Harsco Corporation		1,917,880
	9,480	HD Supply Holdings, Inc.^e		303,170
	54,752	Healthcare Services Group, Inc.		2,167,084
	37,304	Heico Corporation		2,581,437
	20,450	Herman Miller, Inc.		584,870
	36,520	Hexcel Corporation		1,617,836
	4,500	Hitachi Transport System, Ltd.		89,919
	3,159	HNI Corporation		125,728
	1,600	Hochtief AG		225,801
	62,773	Honeywell International, Inc.		7,318,704
	18,539	Hub Group, Inc.^e		755,650
	44,660	Hubbell, Inc.		4,811,668
	26,430	Huntington Ingalls Industries, Inc.		4,054,891
	25,795	Huron Consulting Group, Inc.^e		1,541,509
	10,520	ICF International, Inc.^e		466,246
	6,000	Inaba Denki Sangyo Company, Ltd.		216,877
	157,840	Ingersoll-Rand plc		10,723,650
	19,340	Insperity, Inc.		1,404,858
	6,830	Insteel Industries, Inc.		247,519
	16,790	Interface, Inc.		280,225
	101,900	ITOCHU Corporation		1,282,877
	12,900	ITT Corporation		462,336
	3,300	Jardine Matheson Holdings, Ltd.		200,013
	29,404	JB Hunt Transport Services, Inc.		2,385,841
	24,678	Johnson Controls International plc		1,148,267
	11,000	Kamigumi Company, Ltd.		95,964
	6,030	Kansas City Southern		562,720
	193,650	Kennametal, Inc.		5,619,723
	82,083	Kforce, Inc.		1,681,881
	23,620	Kirby Corporation^e		1,468,219
	26,900	KITZ Corporation		148,884
	36,660	Knight Transportation, Inc.		1,051,775
	27,000	KONE Oyj		1,370,717
	6,189	Koninklijke Boskalis Westminster NV		220,272
	115,820	Korn/Ferry International		2,432,220
	1,200	Kuehne & Nagel International AG		174,392
	4,900	Kurita Water Industries, Ltd.		116,431
	1,200	Legrand SA		70,744
	108,640	Lincoln Electric Holdings, Inc.		6,803,037
	8,110	Lindsay Corporation^f		599,978
	26,030	Manpower, Inc.		1,880,928
	35,600	Marubeni Corporation		182,881
	113,100	Masco Corporation		3,880,461
	39,000	Meggitt plc		227,630
	157,660	Meritor, Inc.^e		1,754,756
	28,938	Middleby Corporation^e		3,577,316
	10,600	MIRAIT Holdings Corporation		90,322
	32,000	Mitsubishi Electric Corporation		410,135
	12,000	Mitsuboshi Belting, Ltd.		101,967
	64,900	Mitsui & Company, Ltd.		899,442
	43,160	Moog, Inc.^e		2,569,746
	27,661	MSA Safety, Inc.		1,605,444
	23,010	MSC Industrial Direct Company, Inc.		1,689,164
	6,010	Mueller Industries, Inc.		194,844
	40,670	MYR Group, Inc.^e		1,224,167
	126,679	Navigant Consulting, Inc.^e		2,561,449
	35,610	NCI Building Systems, Inc.^e		519,550


Shares		Common Stock (33.6%)	Value
	Industrials (3.9%) - continued
	36,982	Nielsen Holdings plc		$1,981,126
	18,000	Nippon Express Company, Ltd.		84,150
	18,900	Nitto Kogyo Corporation		248,103
	26,337	Nordson Corporation		2,623,955
	52,510	Norfolk Southern Corporation		5,096,621
	2,380	Northrop Grumman Corporation		509,201
	25,160	Old Dominion Freight Line, Inc.^e		1,726,228
	61,808	On Assignment, Inc.^e		2,243,012
	139,338	Oshkosh Corporation		7,802,928
	3,080	Parker Hannifin Corporation		386,632
	14,920	Pentair, Ltd.		958,461
	95,526	PGT, Inc.^e		1,019,262
	40,444	Proto Labs, Inc.^e,f		2,423,000
	25,130	Quanex Building Products Corporation		433,744
	4,200	Randstad Holding NV		190,985
	70,010	Raven Industries, Inc.		1,612,330
	16,300	Raytheon Company		2,218,919
	2,580	RBC Bearings, Inc.^e		197,318
	30,450	Resources Connection, Inc.		454,923
	8,500	Rexnord Corporation^e		181,985
	553	Rieter Holding AG		112,190
	24,010	Rockwell Automation, Inc.		2,937,383
	45,210	Rockwell Collins, Inc.		3,813,011
	12,060	Rollins, Inc.		353,117
	20,106	Roper Industries, Inc.		3,668,742
	5,370	Ryder System, Inc.		354,151
	55,278	Saia, Inc.^e		1,656,129
	9,600	Sanwa Holdings Corporation		92,937
	400	Schindler Holding AG		75,763
	2,000	Schindler Holding AG, Participation Certificate		375,565
	9,400	Siemens AG		1,102,253
	5,500	Skanska AB		128,495
	9,700	SKF AB		167,513
	15,700	Smiths Group plc		298,022
	300,400	Southwest Airlines Company		11,682,556
	55,750	SPX FLOW, Inc.^e		1,723,790
	3,260	Stanley Black & Decker, Inc.		400,915
	12,520	TASER International, Inc.^e		358,197
	29,515	Tennant Company		1,912,572
	14,270	Tetra Tech, Inc.		506,157
	18,723	Textron, Inc.		744,239
	5,100	Toro Company		238,884
	2,800	TOTO, Ltd.		105,860
	60,290	TransUnion^e		2,080,005
	11,020	TrueBlue, Inc.^e		249,713
	4,620	UniFirst Corporation		609,193
	264,829	Union Pacific Corporation		25,828,772
	51,150	United Continental Holdings, Inc.^e		2,683,841
	82,870	United Parcel Service, Inc.		9,062,663
	31,594	United Rentals, Inc.^e		2,479,813
	19,615	Universal Forest Products, Inc.		1,931,881
	58,983	Universal Truckload Services, Inc.		791,552
	15,000	Vinci SA		1,148,682
	35,760	WABCO Holdings, Inc.^e		4,059,833
	35,224	WageWorks, Inc.^e		2,145,494
	90,865	Waste Connections, Inc.		6,787,616
	6,585	Watsco, Inc.		927,826
	4,109	WSP Global, Inc.^f		129,445
	40,980	Xylem, Inc.		2,149,401
	39,120	YRC Worldwide, Inc.^e		481,958
	3,500	Yuasa Trading Company, Ltd.		80,412

		Total		362,883,206


Shares		Common Stock (33.6%)	Value
	Information Technology (7.4%)
	9,103	Advanced Energy Industries, Inc.^e		$430,754
	184,100	Agilent Technologies, Inc.		8,669,269
	120,265	Akamai Technologies, Inc.^e		6,372,842
	25,010	Alliance Data Systems Corporation^e		5,365,395
	48,624	Alphabet, Inc., Class A^e		39,096,613
	41,369	Alphabet, Inc., Class C^e		32,155,710
	29,672	Ambarella, Inc.^e,f		2,184,156
	48,070	Amkor Technology, Inc.^e		467,240
	119,847	Amphenol Corporation		7,780,467
	75,100	Analog Devices, Inc.		4,840,195
	8,911	ANSYS, Inc.^e		825,248
	326,199	Apple, Inc.		36,876,797
	177,061	Applied Materials, Inc.		5,338,389
	69,936	Arista Networks, Inc.^e,f		5,950,155
	44,316	Aspen Technology, Inc.^e		2,073,546
	20,590	AVX Corporation		283,936
	42,490	Bankrate, Inc.^e		360,315
	3,830	Belden, Inc.		264,232
	91,020	Blackhawk Network Holdings, Inc.^e		2,746,073
	171,320	Booz Allen Hamilton Holding Corporation		5,415,425
	3,600	Broadcom, Ltd.		621,072
	5,590	Broadridge Financial Solutions, Inc.		378,946
	105,809	Brocade Communications Systems, Inc.		976,617
	175,275	Brooks Automation, Inc.		2,385,493
	37,500	CA, Inc.		1,240,500
	39,442	Cabot Microelectronics Corporation		2,086,876
	20,054	CACI International, Inc.^e		2,023,449
	10,000	Canon, Inc.		290,324
	40,658	Cavium, Inc.^e		2,366,296
	14,400	CDK Global, Inc.		825,984
	12,720	Check Point Software Technologies, Ltd.^e		987,199
	108,507	Ciena Corporation^e		2,365,453
	5,000	Cirrus Logic, Inc.^e		265,750
	965,500	Cisco Systems, Inc.		30,625,660
	46,189	Cognex Corporation		2,441,551
	76,950	Cognizant Technology Solutions Corporation^e		3,671,284
	10,580	Coherent, Inc.^e		1,169,513
	100,730	CommVault Systems, Inc.^e		5,351,785
	40,890	Comtech Telecommunications Corporation		523,801
	43,880	Convergys Corporation		1,334,830
	77,940	CoreLogic, Inc.^e		3,056,807
	107,365	Criteo SA ADR^e,f		3,769,585
	10,540	CTS Corporation		196,044
	29,235	Dell Technologies, Inc.^e		1,397,433
	61,516	DST Systems, Inc.		7,253,967
	50,270	EarthLink Holdings Corporation		311,674
	77,650	eBay, Inc.^e		2,554,685
	65,610	Entegris, Inc.^e		1,142,926
	46,250	Envestnet, Inc.^e		1,685,813
	22,210	EVERTEC, Inc.		372,684
	20,260	ExlService Holdings, Inc.^e		1,009,758
	16,570	F5 Networks, Inc.^e		2,065,285
	53,897	Fabrinet^e		2,403,267
	414,070	Facebook, Inc.^e		53,112,759
	69,980	Finisar Corporation^e		2,085,404
	22,080	Fitbit, Inc.^e,f		327,667
	177,560	FLIR Systems, Inc.		5,578,935
	108,849	Fortinet, Inc.^e		4,019,794
	21,400	FUJIFILM Holdings NPV		792,718
	23,440	Genpact, Ltd.^e		561,388
	103,518	Guidewire Software, Inc.^e		6,209,010


Shares		Common Stock (33.6%)	Value
	Information Technology (7.4%) - continued
	4,900	Halma plc		$66,526
	1,800	Hoya Corporation		72,410
	39,440	HP, Inc.		612,503
	16,821	IAC/InterActiveCorporation		1,050,808
	195,940	Intel Corporation		7,396,735
	155,275	Ixia^e		1,940,937
	119,084	Juniper Networks, Inc.		2,865,161
	11,790	Keysight Technologies, Inc.^e		373,625
	40,170	Knowles Corporation^e		564,388
	5,100	Kyocera Corporation		245,072
	51,380	Lam Research Corporation^f		4,866,200
	25,700	Liberty Tripadvisor Holdings, Inc.^e		561,545
	65,470	Lionbridge Technologies, Inc.^e		327,350
	14,654	Littelfuse, Inc.		1,887,582
	48,630	M/A-COM Technology Solutions Holdings, Inc.^e		2,058,994
	21,348	Manhattan Associates, Inc.^e		1,230,072
	35,820	Marvell Technology Group, Ltd.		475,331
	174,750	MasterCard, Inc.		17,784,307
	86,520	Maxim Integrated Products, Inc.		3,454,744
	13,670	MAXIMUS, Inc.		773,175
	65,837	Methode Electronics, Inc.		2,302,320
	2,500	Micro Focus International plc		71,161
	86,060	Microsemi Corporation^e		3,612,799
	850,740	Microsoft Corporation		49,002,624
	29,250	Mobileye NV^e		1,245,173
	87,666	Monolithic Power Systems, Inc.		7,057,113
	22,107	Nanometrics, Inc.^e		493,870
	62,920	National Instruments Corporation		1,786,928
	9,800	NEC Networks & System Integration Corporation		166,933
	3,300	Nice, Ltd.		219,735
	37,766	Nice, Ltd. ADR		2,528,056
	5,000	NS Solutions Corporation		87,379
	1,500	NTT Data Corporation		74,917
	313,054	NVIDIA Corporation		21,450,460
	54,705	NXP Semiconductors NV^e		5,580,457
	156,091	Oclaro, Inc.^e		1,334,578
	67,560	ON Semiconductor Corporation^e		832,339
	468,880	Oracle Corporation		18,417,606
	1,100	Oracle Corporation Japan		62,148
	10,500	OSI Systems, Inc.^e		686,490
	13,240	Palo Alto Networks, Inc.^e		2,109,529
	164,200	Pandora Media, Inc.^e,f		2,352,986
	54,200	Paylocity Holding Corporation^e,f		2,409,732
	593,614	PayPal Holdings, Inc.^e		24,320,366
	53,025	Pegasystems, Inc.		1,563,707
	75,117	Progress Software Corporation^e		2,043,182
	72,689	Proofpoint, Inc.^e		5,440,772
	36,480	PTC, Inc.^e		1,616,429
	66,071	Q2 Holdings, Inc.^e		1,893,595
	3,820	Qorvo, Inc.^e		212,927
	73,190	QUALCOMM, Inc.		5,013,515
	11,160	Qualys, Inc.^e		426,200
	47,170	RealPage, Inc.^e		1,212,269
	62,160	Red Hat, Inc.^e		5,024,393
	449,350	Salesforce.com, Inc.^e		32,052,135
	800	SAP SE		73,162
	13,110	ScanSource, Inc.^e		478,515
	31,875	ServiceNow, Inc.^e		2,522,906
	85,100	ShoreTel, Inc.^e		680,800
	9,380	Splunk, Inc.^e		550,418
	45,100	SS&C Technologies Holdings, Inc.		1,449,965
	9,240	Stratasys, Ltd.^e		222,592
	89,018	Synopsys, Inc.^e		5,283,218
	216,967	Teradyne, Inc.		4,682,148


Shares		Common Stock (33.6%)	Value
	Information Technology (7.4%) - continued
	9,070	Tessera Technologies, Inc.		$348,651
	163,240	Texas Instruments, Inc.		11,456,183
	2,100	Trend Micro, Inc.		73,259
	27,560	Trimble Navigation, Ltd.^e		787,114
	25,636	Tyler Technologies, Inc.^e		4,389,652
	32,945	Ultimate Software Group, Inc.^e		6,733,629
	1,800	United Internet AG		79,717
	135,236	Virtusa Corporation^e		3,337,624
	418,790	Visa, Inc.		34,633,933
	353,870	Xilinx, Inc.		19,229,296

		Total		679,661,813


	Materials (1.6%)
	4,900	Adeka Corporation		67,793
	44,230	Agnico Eagle Mines, Ltd.		2,396,381
	1,500	Air Liquide SA		160,856
	22,250	Air Products and Chemicals, Inc.		3,345,065
	231,540	Alcoa, Inc.		2,347,816
	5,700	Amcor, Ltd.		66,390
	41,654	American Vanguard Corporation		668,963
	26,580	Avery Dennison Corporation		2,067,658
	18,044	Balchem Corporation		1,398,951
	36,980	Ball Corporation		3,030,511
	246,470	Barrick Gold Corporation		4,367,448
	66,800	BHP Billiton, Ltd.		1,157,144
	46,120	Boise Cascade Company^e		1,171,448
	22,330	Cabot Corporation		1,170,315
	5,010	Caesarstone Sdot-Yam, Ltd.^e		188,927
	21,470	Carpenter Technology Corporation		885,852
	73,257	Celanese Corporation		4,875,986
	53,783	Chemtura Corporation^e		1,764,620
	27,647	Clearwater Paper Corporation^e		1,787,931
	24,800	Continental Building Products, Inc.^e		520,552
	3,600	Croda International plc		162,446
	74,010	Crown Holdings, Inc.^e		4,225,231
	56,700	Daicel Corporation		716,522
	15,000	Denki Kagaku Kogyo KK		64,963
	100,320	Dow Chemical Company		5,199,586
	9,000	Eagle Materials, Inc.		695,700
	83,794	Eastman Chemical Company		5,671,178
	45,990	Ecolab, Inc.		5,597,903
	171,180	Eldorado Gold Corporation^e		672,737
	2,300	Evonik Industries AG		77,865
	41,220	Ferro Corporation^e		569,248
	90,800	Ferroglobe plc		819,924
	97,556	FMC Corporation		4,715,857
	193,960	Freeport-McMoRan, Inc.		2,106,406
	100	Geberit AG		43,834
	200	Givaudan SA		407,744
	167,840	Goldcorp, Inc.		2,772,717
	14,400	Graphic Packaging Holding Company		201,456
	7,800	Hexpol AB		69,939
	11,246	Ingevity Corporation^e		518,441
	10,050	Innophos Holdings, Inc.		392,252
	24,098	Innospec, Inc.		1,465,399
	129,860	International Paper Company		6,230,683
	6,200	JSR Corporation		97,448
	79,630	KapStone Paper and Packaging Corporation		1,506,600
	295,430	Kinross Gold Corporation^e		1,243,760
	14,630	Koppers Holdings, Inc.^e		470,793
	12,100	Kuraray Company, Ltd.		179,504
	11,460	Martin Marietta Materials, Inc.		2,052,601
	26,350	Materion Corporation		809,208
	19,470	Methanex Corporation^f		694,690
	19,365	Minerals Technologies, Inc.		1,368,912


Shares		Common Stock (33.6%)	Value
	Materials (1.6%) - continued
	30,200	Mitsubishi Chemical Holdings Corporation		$189,336
	6,000	Mitsubishi Gas Chemical Company, Inc.		85,902
	3,700	Mitsubishi Materials Corporation		101,204
	192,060	Mosaic Company		4,697,788
	114,947	Myers Industries, Inc.		1,493,162
	134,900	Newmont Mining Corporation		5,300,221
	1,100	Nippon Shokubai Company, Ltd.		68,721
	1,000	Nitto Denko Corporation		64,946
	121,768	Norsk Hydro ASA		526,496
	93,850	Nucor Corporation		4,640,882
	12,500	Nutanix, Inc.^e		462,500
	54,970	OMNOVA Solutions, Inc.^e		463,947
	33,400	Orora, Ltd.		81,004
	180,140	Owens-Illinois, Inc.^e		3,312,775
	114,354	Packaging Corporation of America		9,292,406
	11,660	PolyOne Corporation		394,225
	5,340	Quaker Chemical Corporation		565,666
	39,440	Rayonier Advanced Materials, Inc.^f		527,313
	12,230	Reliance Steel & Aluminum Company		880,927
	28	Rio Tinto, Ltd.		1,114
	15,940	Royal Gold, Inc.		1,234,234
	11,900	RPC Group plc		147,879
	13,410	RPM International, Inc.		720,385
	30,490	Schnitzer Steel Industries, Inc.		637,241
	8,680	Schweitzer-Mauduit International, Inc.		334,701
	22,705	Scotts Miracle-Gro Company		1,890,645
	48,950	Sealed Air Corporation		2,242,889
	11,380	Sensient Technologies Corporation		862,604
	75,030	Silver Wheaton Corporation		2,028,061
	42,730	Sonoco Products Company		2,257,426
	218,223	Steel Dynamics, Inc.		5,453,393
	28,400	Stillwater Mining Company^e		379,424
	6,000	Sumitomo Metal Mining Company, Ltd.		82,870
	3,000	Sumitomo Seika Chemicals Company, Ltd.		106,324
	131,050	Teck Resources, Ltd.		2,362,832
	15,000	Tosoh Corporation		92,454
	22,994	UPM-Kymmene Oyj		485,511
	149,207	Verso Corporation^e		962,385
	24,130	Vulcan Materials Company		2,744,305
	67,479	Westrock Company		3,271,382
	248,110	Yamana Gold, Inc.		1,069,354
	22,698	Yara International ASA		756,366

		Total		148,535,354


	Real Estate (0.8%)
	24,590	American Assets Trust, Inc.		1,066,714
	27,890	American Campus Communities, Inc.		1,418,764
	78,000	Bluerock Residential Growth REIT, Inc.^f		1,014,000
	17,326	Brixmor Property Group, Inc.		481,490
	27,630	Camden Property Trust		2,313,736
	68,900	CapitaMall Trust		109,770
	238,920	CBL & Associates Properties, Inc.		2,900,489
	30,400	CBRE Group, Inc.^e		850,592
	291,831	Cedar Realty Trust, Inc.		2,101,183
	95,160	Chatham Lodging Trust		1,831,830
	26,800	City Office REIT, Inc.		341,164
	193,210	Corporate Office Properties Trust		5,477,503
	62,400	Corrections Corporation of America		865,488
	2,550	CyrusOne, Inc.		121,303


Shares		Common Stock (33.6%)	Value
	Real Estate (0.8%) - continued
	900	Daito Trust Construction Company, Ltd.		$143,946
	415,600	DDR Corporation		7,243,908
	9,500	Derwent London plc		320,207
	97,600	DEXUS Property Group		685,989
	24,970	Digital Realty Trust, Inc.		2,425,086
	88,090	Duke Realty Corporation		2,407,500
	62,760	DuPont Fabros Technology, Inc.		2,588,850
	2,690	EastGroup Properties, Inc.		197,876
	94,719	First Potomac Realty Trust		866,679
	88,990	Franklin Street Properties Corporation		1,121,274
	61,900	Frasers Centrepoint Trust		99,861
	82,750	General Growth Properties, Inc.		2,283,900
	7,500	Great Portland Estates plc		61,504
	32,339	H&R Real Estate Investment Trust		552,890
	8,533	Hamborner REIT AG		90,268
	13,950	Hersha Hospitality Trust		251,379
	118,370	HFF, Inc.		3,277,665
	34,980	Hospitality Properties Trust		1,039,606
	224,646	Host Hotels & Resorts, Inc.		3,497,738
	24,560	Hudson Pacific Properties, Inc.		807,287
	13,000	Hufvudstaden AB		225,246
	115,000	Hysan Development Company, Ltd.		541,082
	51,370	InfraREIT, Inc.		931,852
	11,770	Jones Lang LaSalle, Inc.		1,339,308
	123,270	LaSalle Hotel Properties		2,942,455
	67,460	Liberty Property Trust		2,722,011
	22,620	Life Storage, Inc.		2,011,823
	21,000	Link REIT		155,024
	6,520	Mid-America Apartment Communities, Inc.		612,815
	421,372	New World Development Company, Ltd.		552,542
	13,170	Outfront Media, Inc.		311,470
	38,370	Parkway Properties, Inc.		652,674
	48,046	Pebblebrook Hotel Trust		1,278,024
	33,980	Physicians Realty Trust		731,929
	13,905	Potlatch Corporation		540,765
	49,110	RE/MAX Holdings, Inc.		2,150,036
	49,940	Retail Properties of America, Inc.		838,992
	3,740	RioCan Real Estate Investment Trust		77,597
	54,520	Silver Bay Realty Trust Corporation REIT		955,736
	175,130	Stockland		641,401
	112,576	Summit Hotel Properties, Inc.		1,481,500
	700	Swiss Prime Site AG^e		61,474
	55,846	Terreno Realty Corporation		1,536,323
	23,400	Tier REIT, Inc.		361,296
	27,070	Urstadt Biddle Properties, Inc.		601,495
	12,000	Wharf Holdings, Ltd.		88,039
	17,000	Wheelock and Company, Ltd.		100,976
	106,100	Wing Tai Holdings, Ltd.		131,679

		Total		75,433,003


	Telecommunications Services (0.3%)
	61,010	AT&T, Inc.		2,477,616
	5,210	ATN International, Inc.		338,858
	4,266	BCE, Inc.		197,017
	54,500	BT Group plc		274,205
	151,070	Cincinnati Bell, Inc.^e		616,366
	21,000	Elisa Oyj		773,923
	24,760	FairPoint Communications, Inc.^e		372,143
	14,000	Freenet AG		409,763
	33,000	General Communication, Inc.^e		453,750
	26,580	Inteliquent, Inc.		429,001


Shares		Common Stock (33.6%)	Value
	Telecommunications Services (0.3%) - continued
	249,389	KCOM Group plc		$374,723
	40,237	Level 3 Communications, Inc.^e		1,866,192
	1,600	Millicom International Cellular SA		82,898
	1,600	Nippon Telegraph & Telephone Corporation		73,178
	19,700	Orange SA		308,652
	276,000	PCCW, Ltd.		169,993
	7,100	Proximus SA		212,405
	48,712	SBA Communications Corporation^e		5,463,538
	24,500	Telefonica Deutschland Holding AG		98,783
	15,743	Telenor ASA		270,715
	177,296	Verizon Communications, Inc.		9,215,846
	25,600	Vodafone Group plc		73,418
	85,050	Vonage Holdings Corporation^e		562,181

		Total		25,115,164


	Utilities (0.8%)
	46,630	Alliant Energy Corporation		1,786,395
	7,880	American Electric Power Company, Inc.		505,975
	51,180	American States Water Company		2,049,759
	48,010	Aqua America, Inc.		1,463,345
	31,490	Artesian Resources Corporation		898,725
	107,700	Avista Corporation		4,500,783
	26,650	Consolidated Water Company, Ltd.^f		309,673
	27,270	DTE Energy Company		2,554,381
	8,200	E.ON SE		58,282
	62,970	Edison International, Inc.		4,549,582
	120,100	Electricidade de Portugal SA		403,059
	116,660	Eversource Energy		6,320,639
	48,830	Exelon Corporation		1,625,551
	54,850	Great Plains Energy, Inc.		1,496,856
	144,150	MDU Resources Group, Inc.		3,667,176
	13,450	Middlesex Water Company		473,978
	32,480	NiSource, Inc.		783,093
	174,000	Osaka Gas Company, Ltd.		729,794
	247,380	PG&E Corporation		15,132,234
	109,030	Portland General Electric Company		4,643,588
	73,160	Public Service Enterprise Group, Inc.		3,063,209
	87,700	Redes Energeticas Nacionais SGPS SA		256,344
	38,100	Renewable Energy Group, Inc.^e		322,707
	67,400	Southern Company		3,457,620
	8,260	Southwest Gas Corporation		577,043
	25,518	Spire, Inc.		1,626,517
	14,000	Toho Gas Company, Ltd.		131,099
	16,500	United Utilities Group plc		214,313
	7,932	Unitil Corporation		309,824
	130,360	Vectren Corporation		6,544,072
	13,950	WEC Energy Group, Inc.		835,326

		Total		71,290,942



		Total Common Stock (cost $2,682,880,050)		3,079,566,299


Shares		Registered Investment Companies (29.5%)	Value
	Affiliated Equity Holdings (17.6%)
	22,936,793	Thrivent Large Cap Stock Portfolio		269,748,158
	30,302,240	Thrivent Large Cap Value Portfolio		472,502,830
	15,614,280	Thrivent Mid Cap Stock Portfolio		266,171,940
	57,080,403	Thrivent Partner Worldwide Allocation Portfolio		534,192,659


Shares		Registered Investment Companies (29.5%)	Value
	Affiliated Equity Holdings (17.6%) - continued
	4,432,127	Thrivent Small Cap Stock Portfolio		$74,005,000

		Total		1,616,620,587


	Affiliated Fixed Income Holdings (11.0%)
	34,974,239	Thrivent High Yield Portfolio		166,837,612
	51,373,636	Thrivent Income Portfolio		535,724,274
	31,585,377	Thrivent Limited Maturity Bond Portfolio		311,548,684

		Total		1,014,110,570


	Equity Funds/ETFs (0.5%)
	2,760	iShares MSCI EAFE Index Fund		163,199
	33,160	iShares Russell 2000 Growth Index Fund^f		4,937,524
	20,769	iShares Russell 2000 Index Fund^f		2,579,717
	12,420	iShares Russell 2000 Value Index Fund		1,300,995
	32,850	Materials Select Sector SPDR Fund^f		1,568,588
	120,023	SPDR S&P 500 ETF Trust		25,960,975
	56,350	SPDR S&P Biotech ETF^f		3,735,442
	1,390	SPDR S&P MidCap 400 ETF Trust		392,355

		Total		40,638,795


	Fixed Income Funds/ETFs (0.4%)
	123,000	iShares Barclays 1-3 Year Credit Bond Fund		13,008,480
	118,700	iShares iBoxx $ Investment Grade Corporate Bond ETF		14,621,466
	86,700	Vanguard Short-Term Corporate Bond ETF		6,983,685

		Total		34,613,631



		Total Registered Investment Companies (cost $2,470,513,656)		2,705,983,583


Principal Amount		Long-Term Fixed Income (29.2%)	Value
	Asset-Backed Securities (1.3%)
		Access Group, Inc.
	730,497	1.024%, 2/25/2036^g,h		718,335
		Ares CLO, Ltd.
	4,400,000	1.957%, 10/12/2023^*,h		4,392,357
	2,750,000	2.297%, 11/15/2025^*,h		2,756,728
		BA Credit Card Trust
	1,750,000	0.904%, 6/15/2021^h		1,756,225
		Bayview Opportunity Master Fund Trust
	1,085,585	3.228%, 7/28/2034^*,i		1,083,442
	1,503,382	3.721%, 7/28/2035^g,i		1,502,317
		Betony CLO, Ltd.
	1,260,000	2.190%, 4/15/2027^*,h		1,259,873
		CAM Mortgage, LLC
	540,463	3.500%, 7/15/2064^*,i		540,451
		Capital One Multi-Asset Execution Trust
	2,250,000	0.904%, 1/18/2022^h		2,256,097
		Chase Issuance Trust
	1,375,000	1.590%, 2/18/2020		1,383,282
	2,525,000	1.620%, 7/15/2020		2,546,036
	2,500,000	0.934%, 5/17/2021^h		2,510,718
		Chesapeake Funding II, LLC
	1,000,000	1.880%, 6/15/2028^g		1,003,749
		Chesapeake Funding, LLC
	809,740	0.969%, 1/7/2025^g,h		809,640


Principal Amount		Long-Term Fixed Income (29.2%)	Value
	Asset-Backed Securities (1.3%) - continued
		Commonbond Student Loan Trust
	$5,588,639	3.320%, 5/25/2040^g		$5,631,874
		Countrywide Asset-Backed Certificates
	12,971	5.301%, 4/25/2047		12,939
		DRB Prime Student Loan Trust
	1,115,812	3.170%, 7/25/2031^*		1,143,714
	3,562,571	3.200%, 1/25/2040^*		3,653,083
	1,050,353	2.890%, 6/25/2040^g		1,048,617
		Earnest Student Loan Program, LLC
	5,442,200	2.680%, 7/25/2035^g		5,425,790
		Edlinc Student Loan Funding Trust
	72,242	3.388%, 10/1/2025^*,h		72,880
		Enterprise Fleet Financing, LLC
	227,529	0.870%, 9/20/2019^g		227,144
		FirstEnergy Ohio PIRB Special Purpose Trust
	88,438	0.679%, 1/15/2019		88,259
		Ford Credit Auto Owner Trust
	1,350,000	2.260%, 11/15/2025^g		1,376,245
		Ford Credit Floorplan Master Owner Trust
	1,000,000	1.200%, 2/15/2019		1,000,603
		GoldenTree Loan Opportunities IX, Ltd.
	1,400,000	2.262%, 10/29/2026^*,h		1,405,461
		Golub Capital Partners CLO 22B, Ltd.
	2,700,000	2.291%, 2/20/2027^*,h		2,698,448
		Golub Capital Partners CLO 23M, Ltd.
	1,350,000	2.263%, 5/5/2027^*,h		1,349,422
		Lehman XS Trust
	5,783,130	5.440%, 8/25/2035ⁱ		5,080,181
		Marlette Funding Trust
	2,141,822	3.060%, 1/17/2023^*		2,144,269
		Morgan Stanley Bank of America Merrill Lynch Trust
	5,400,000	3.176%, 8/15/2045		5,730,528
	5,400,000	3.246%, 12/15/2047		5,746,211
		Morgan Stanley Capital, Inc.
	2,682,298	0.675%, 2/25/2037^h		1,604,725
		OneMain Financial Issuance Trust
	2,600,000	4.100%, 3/20/2028^g		2,676,069
		OZLM VIII, Ltd.
	1,400,000	2.119%, 10/17/2026^*,h		1,400,854
		Pretium Mortgage Credit Partners, LLC
	2,802,133	4.125%, 10/27/2030^*		2,816,940
		Race Point IX CLO, Ltd.
	3,260,000	2.190%, 4/15/2027^*,h		3,263,640
		Renaissance Home Equity Loan Trust
	1,935,316	6.011%, 5/25/2036ⁱ		1,359,122
	3,584,060	5.580%, 11/25/2036ⁱ		2,034,536
		SLM Student Loan Trust
	937,990	1.124%, 7/15/2022^g,h		939,011
	146,558	1.124%, 8/15/2022^g,h		146,785
	298,047	1.115%, 4/25/2023^g,h		297,985
	125,000	1.574%, 5/17/2027^g,h		126,029
		Sofi Consumer Loan Program, LLC
	1,965,119	3.260%, 8/25/2025^g		1,982,249
		SoFi Professional Loan Program, LLC
	2,292,647	2.420%, 3/25/2030^g		2,321,074
		Sunset Mortgage Loan Company, LLC
	2,164,515	4.459%, 9/18/2045^*,i		2,162,216


Principal Amount		Long-Term Fixed Income (29.2%)	Value
	Asset-Backed Securities (1.3%) - continued
	$4,983,709	3.844%, 7/16/2047^*,i		$4,984,930
		U.S. Small Business Administration
	851,662	3.191%, 3/10/2024		895,343
		Vericrest Opportunity Loan Transferee
	5,073,467	3.375%, 10/25/2058^*,i		5,063,373
	2,629,063	3.500%, 6/26/2045^g		2,629,227
	3,359,595	3.500%, 6/26/2045^g,i		3,360,405
	2,243,913	3.625%, 7/25/2045^g,i		2,247,474
	3,627,769	4.250%, 3/26/2046^g,i		3,671,274
	3,225,000	3.500%, 9/25/2046^g,i		3,225,000
	1,094,001	3.500%, 2/25/2055^*,i		1,094,821
		Volvo Financial Equipment, LLC
	825,732	0.820%, 4/16/2018^g		825,116

		Total		119,483,116


	Basic Materials (0.1%)
		Albemarle Corporation
	395,000	3.000%, 12/1/2019		407,531
		Alcoa Netherlands Holding BV
	1,305,000	6.750%, 9/30/2024^g		1,355,569
		Anglo American plc
	2,433,000	3.625%, 5/14/2020^g		2,433,000
		ArcelorMittal SA
	1,425,000	6.500%, 3/1/2021^f		1,585,312
		First Quantum Minerals, Ltd.
	621,000	6.750%, 2/15/2020^g		574,425
	621,000	7.000%, 2/15/2021^g		555,795
		Georgia-Pacific, LLC
	920,000	2.539%, 11/15/2019^g		940,187
		Glencore Funding, LLC
	680,000	1.739%, 4/16/2018^g,h		672,350
	1,130,000	2.875%, 4/16/2020^g		1,120,960
		Novelis Corporation
	905,000	5.875%, 9/30/2026^g		926,494
		Westlake Chemical Corporation
	1,520,000	3.600%, 8/15/2026^g		1,524,311
		Yamana Gold, Inc.
	1,285,000	4.950%, 7/15/2024		1,327,378

		Total		13,423,312


	Capital Goods (0.6%)
		AECOM
	3,030,000	5.875%, 10/15/2024		3,234,525
		Aircastle, Ltd.
	2,875,000	5.000%, 4/1/2023		3,011,563
		Ball Corporation
	1,415,000	4.375%, 12/15/2020^f		1,510,513
		Building Materials Corporation of America
	2,355,000	6.000%, 10/15/2025^g		2,519,850
		Case New Holland, Inc.
	687,000	7.875%, 12/1/2017		729,937
		Cemex Finance, LLC
	2,970,000	9.375%, 10/12/2022^f,g		3,255,862
		CNH Industrial Capital, LLC
	1,155,000	4.375%, 11/6/2020^f		1,206,975
		CNH Industrial NV
	1,500,000	4.500%, 8/15/2023		1,512,750
		Crown Americas Capital Corporation IV
	1,470,000	4.500%, 1/15/2023		1,525,125
		General Electric Company
	2,095,000	5.000%, 12/29/2049^j		2,227,928


Principal Amount		Long-Term Fixed Income (29.2%)	Value
	Capital Goods (0.6%) - continued
		HD Supply, Inc.
	$2,805,000	5.750%, 4/15/2024^g		$2,945,250
		Huntington Ingalls Industries, Inc.
	2,975,000	5.000%, 11/15/2025^g		3,146,062
		L-3 Communications Corporation
	1,550,000	3.950%, 5/28/2024		1,649,518
		Lockheed Martin Corporation
	1,332,000	2.500%, 11/23/2020		1,374,998
	1,544,000	4.500%, 5/15/2036		1,756,990
		Newell Rubbermaid, Inc.
	772,000	2.600%, 3/29/2019		789,324
	1,093,000	5.500%, 4/1/2046		1,325,920
		Northrop Grumman Corporation
	1,310,000	3.850%, 4/15/2045		1,359,235
		Owens-Brockway Glass Container, Inc.
	1,460,000	5.000%, 1/15/2022^f,g		1,548,505
	1,500,000	5.875%, 8/15/2023^g		1,612,500
		Pentair Finance SA
	1,500,000	2.900%, 9/15/2018		1,521,006
		Republic Services, Inc.
	1,100,000	2.900%, 7/1/2026		1,115,241
		Reynolds Group Issuer, Inc.
	3,685,000	5.125%, 7/15/2023^g		3,804,763
		Roper Industries, Inc.
	2,070,000	2.050%, 10/1/2018		2,091,880
		Standard Industries, Inc.
	800,000	5.500%, 2/15/2023^g		836,000
		Textron, Inc.
	785,000	5.600%, 12/1/2017		820,356
	1,225,000	7.250%, 10/1/2019		1,403,525
		United Rentals North America, Inc.
	4,640,000	5.500%, 7/15/2025		4,732,800
		Waste Management, Inc.
	310,000	3.125%, 3/1/2025		325,232

		Total		54,894,133


	Collateralized Mortgage Obligations (1.2%)
		Alm Loan Funding CLO
	1,400,000	2.109%, 10/17/2026^*,h		1,400,175
		Alternative Loan Trust
	1,249,857	6.000%, 6/25/2036		1,074,332
		Angel Oak Mortgage Trust I, LLC
	1,891,632	3.500%, 7/25/2046^*,i		1,889,555
		Apidos CLO XVIII
	1,400,000	2.114%, 7/22/2026^*,h		1,399,601
		Babson CLO, Ltd.
	1,400,000	2.069%, 10/17/2026^*,h		1,398,543
		BCAP, LLC Trust
	2,995,349	0.705%, 3/25/2037^h		2,788,270
		Birchwood Park CLO, Ltd.
	1,400,000	2.120%, 7/15/2026^*,h		1,400,820
		BlueMountain CLO, Ltd.
	1,400,000	2.160%, 10/15/2026^*,h		1,403,197
		Carlyle Global Market Strategies CLO, Ltd.
	1,400,000	1.996%, 7/20/2023^*,h		1,398,101
	1,400,000	2.180%, 10/15/2026^*,h		1,403,463
		Cent CLO 16, LP
	1,400,000	2.007%, 8/1/2024^*,h		1,399,125
		Cent CLO 22, Ltd.
	1,400,000	2.268%, 11/7/2026^*,h		1,399,214
		Citigroup Mortgage Loan Trust, Inc.
	861,183	5.500%, 11/25/2035		823,118


Principal Amount		Long-Term Fixed Income (29.2%)	Value
	Collateralized Mortgage Obligations (1.2%) - continued
		CitiMortgage Alternative Loan Trust
	$2,827,989	5.750%, 4/25/2037		$2,427,121
		Countrywide Alternative Loan Trust
	1,848,845	3.031%, 10/25/2035		1,504,216
	1,190,258	6.000%, 4/25/2036		966,143
	552,388	6.000%, 1/25/2037		528,710
	3,360,905	5.500%, 5/25/2037		2,760,368
	3,178,663	7.000%, 10/25/2037		1,971,075
		Countrywide Home Loans, Inc.
	1,017,880	5.750%, 4/25/2037		866,309
		Deutsche Alt-A Securities Mortgage Loan Trust
	788,030	6.000%, 10/25/2021		704,145
		Dryden 34 Senior Loan Fund CLO
	1,400,000	2.110%, 10/15/2026^*,h		1,400,330
		Federal Home Loan Mortgage Corporation
	8,534,565	4.000%, 7/15/2031^k		780,233
	4,431,852	3.000%, 2/15/2033^k		514,481
		Federal National Mortgage Association
	8,868,852	3.500%, 1/25/2033^k		1,144,106
		First Horizon Alternative Mortgage Securities Trust
	2,473,638	6.000%, 8/25/2036^h		2,083,344
		Galaxy XX CLO, Ltd.
	4,500,000	2.146%, 7/20/2027^*,h		4,491,236
		IndyMac INDX Mortgage Loan Trust
	3,423,691	1.165%, 7/25/2045^h		2,861,140
		J.P. Morgan Alternative Loan Trust
	1,676,604	6.500%, 3/25/2036		1,381,217
		J.P. Morgan Mortgage Trust
	577,238	3.162%, 6/25/2036		496,476
	269,189	3.069%, 10/25/2036		243,178
	3,224,077	0.905%, 1/25/2037^h		1,705,556
	3,747,885	6.250%, 8/25/2037		2,822,404
		Limerock CLO III, LLC
	4,500,000	2.226%, 10/20/2026^*,h		4,496,261
		Madison Park Funding XIV CLO, Ltd.
	1,525,000	2.146%, 7/20/2026^*,h		1,526,796
		Madison Park Funding, Ltd.
	4,250,000	2.107%, 8/15/2022^*,h		4,244,417
		Magnetite XII, Ltd.
	4,425,000	2.180%, 4/15/2027^*,h		4,424,568
		MASTR Alternative Loans Trust
	707,009	6.500%, 7/25/2034		702,709
	2,088,625	0.975%, 12/25/2035^h		974,558
		Merrill Lynch Alternative Note Asset Trust
	686,697	6.000%, 3/25/2037		546,173
		Mountain View CLO, Ltd.
	4,525,000	2.140%, 7/15/2027^*,h		4,508,294
		Neuberger Berman CLO, Ltd.
	1,100,000	2.238%, 8/4/2025^*,h		1,103,211
		NZCG Funding CLO, Ltd.
	4,500,000	2.284%, 4/27/2027^*,h		4,505,692
		Octagon Investment Partners XX CLO, Ltd.
	1,400,000	2.258%, 8/12/2026^*,h		1,400,193
		OHA Loan Funding, Ltd.
	4,500,000	2.226%, 10/20/2026^*,h		4,527,599
		Residential Asset Securitization Trust
	3,421,336	0.905%, 8/25/2037^h		921,214


Principal Amount		Long-Term Fixed Income (29.2%)	Value
	Collateralized Mortgage Obligations (1.2%) - continued
		Sequoia Mortgage Trust
	$2,842,853	3.702%, 9/20/2046		$2,292,786
		Shackleton VII CLO, Ltd.
	4,500,000	2.220%, 4/15/2027*^,h		4,506,886
		Symphony CLO VIII, Ltd.
	1,304,172	1.574%, 1/9/2023*^,h		1,303,004
		Symphony CLO XV, Ltd.
	4,500,000	2.129%, 10/17/2026*^,h		4,507,665
		Voya CLO 3, Ltd.
	1,400,000	2.135%, 7/25/2026*^,h		1,400,873
		WaMu Mortgage Pass Through Certificates
	270,899	2.791%, 9/25/2036		245,294
	945,250	2.575%, 10/25/2036		823,482
	2,685,551	2.237%, 11/25/2036		2,380,020
	3,109,545	2.026%, 1/25/2037		2,633,522
	5,339,934	1.467%, 9/25/2046^h		4,385,234
		Washington Mutual Mortgage Pass Through Certificates Trust
	3,315,749	7.000%, 2/25/2036		2,473,485

		Total		111,663,238


	Commercial Mortgage-Backed Securities (0.6%)
		Commercial Mortgage Pass-Through Certificates
	1,680,000	1.567%, 6/8/2030^g,h		1,682,636
		Credit Suisse First Boston Mortgage Securities
	353,743	5.542%, 1/15/2049		353,755
		Federal National Mortgage Association
	98,621	1.272%, 1/25/2017		98,566
		Greenwich Capital Commercial Funding Corporation
	4,650,000	5.867%, 12/10/2049		4,799,481
		GS Mortgage Securities Trust
	54,707	2.999%, 8/10/2044		54,681
	6,600,000	3.666%, 9/10/2047		7,168,848
		J.P. Morgan Chase Commercial Mortgage Securities Corporation
	2,750,000	3.507%, 5/15/2045		2,959,151
	3,650,000	5.881%, 2/12/2049		3,712,987
		JPMBB Commercial Mortgage Securities Trust
	4,500,000	3.231%, 1/15/2048		4,759,244
		Morgan Stanley Capital, Inc.
	6,580,000	5.406%, 3/15/2044		6,631,073
		SCG Trust
	1,150,000	1.924%, 11/15/2026^g,h		1,141,294
		UBS Commercial Mortgage Trust
	8,110,085	3.400%, 5/10/2045		8,651,350
		Wells Fargo Commercial Mortgage Trust
	4,000,000	3.617%, 9/15/2057		4,321,046
	3,750,000	3.839%, 9/15/2058		4,115,942
		WFRBS Commercial Mortgage Trust
	2,000,000	2.870%, 11/15/2045		2,096,330

		Total		52,546,384


	Communications Services (1.4%)
		21st Century Fox America, Inc.
	1,620,000	6.900%, 3/1/2019		1,821,423
		Altice Financing SA
	2,400,000	6.625%, 2/15/2023^g		2,463,000


Principal Amount		Long-Term Fixed Income (29.2%)	Value
	Communications Services (1.4%) - continued
		Altice US Finance I Corporation
	$2,990,000	5.500%, 5/15/2026^g		$3,072,225
		AMC Networks, Inc.
	4,360,000	5.000%, 4/1/2024		4,387,250
		America Movil SAB de CV
	1,039,000	5.000%, 10/16/2019		1,135,781
		American Tower Corporation
	180,000	2.800%, 6/1/2020		184,640
	1,930,000	3.300%, 2/15/2021		2,017,591
	910,000	3.450%, 9/15/2021		957,736
		AT&T, Inc.
	707,000	5.875%, 10/1/2019		790,996
	615,000	1.768%, 6/30/2020^h		620,317
	1,212,000	3.875%, 8/15/2021		1,308,281
	1,015,000	3.000%, 6/30/2022		1,043,530
	2,702,000	6.350%, 3/15/2040		3,397,208
	1,300,000	5.550%, 8/15/2041		1,483,808
	1,527,000	5.150%, 3/15/2042		1,656,868
	772,000	4.750%, 5/15/2046		807,863
		British Sky Broadcasting Group plc
	1,130,000	2.625%, 9/16/2019^g		1,148,966
		CCO Holdings, LLC
	3,100,000	5.875%, 4/1/2024^g		3,307,390
		CCOH Safari, LLC
	1,300,000	5.750%, 2/15/2026^g		1,378,000
		CenturyLink, Inc.
	2,315,000	6.450%, 6/15/2021		2,479,944
	565,000	7.500%, 4/1/2024^f		603,138
		Charter Communications Operating, LLC
	1,530,000	6.834%, 10/23/2055^g		1,839,438
	920,000	3.579%, 7/23/2020^g		961,582
	1,560,000	4.908%, 7/23/2025^g		1,720,766
		Clear Channel Worldwide Holdings, Inc.
	3,270,000	6.500%, 11/15/2022		3,404,887
		Columbus International, Inc.
	2,945,000	7.375%, 3/30/2021^g		3,123,467
		Comcast Corporation
	1,225,000	2.750%, 3/1/2023		1,269,334
	3,265,000	4.400%, 8/15/2035		3,698,089
	539,000	4.650%, 7/15/2042		622,871
	2,253,000	4.750%, 3/1/2044		2,650,835
		Cox Communications, Inc.
	648,000	9.375%, 1/15/2019^g		749,058
		Crown Castle International Corporation
	1,774,000	3.400%, 2/15/2021		1,856,569
	2,423,000	5.250%, 1/15/2023		2,743,660
	700,000	3.700%, 6/15/2026		730,380
		CSC Holdings, LLC
	330,000	5.500%, 4/15/2027^g		337,425
		Digicel, Ltd.
	3,875,000	6.000%, 4/15/2021*		3,423,175
		Dish DBS Corporation
	2,880,000	5.875%, 7/15/2022		2,959,862
		FairPoint Communications, Inc.
	2,260,000	8.750%, 8/15/2019^g		2,305,200
		Frontier Communications Corporation
	3,250,000	8.875%, 9/15/2020		3,505,938
		Gray Television, Inc.
	3,040,000	5.125%, 10/15/2024^g		2,983,000


Principal Amount		Long-Term Fixed Income (29.2%)	Value
	Communications Services (1.4%) - continued
		Hughes Satellite Systems Corporation
	$2,290,000	6.500%, 6/15/2019		$2,504,687
		Level 3 Communications, Inc.
	3,020,000	5.375%, 1/15/2024		3,146,463
		Level 3 Financing, Inc.
	995,000	5.375%, 5/1/2025		1,037,288
		Neptune Finco Corporation
	1,895,000	10.875%, 10/15/2025^g		2,217,150
		Omnicom Group, Inc.
	750,000	3.600%, 4/15/2026		792,663
		Quebecor Media, Inc.
	2,005,000	5.750%, 1/15/2023		2,085,200
		S&P Global, Inc.
	1,544,000	3.300%, 8/14/2020		1,620,783
		SES Global Americas Holdings GP
	1,035,000	2.500%, 3/25/2019^g		1,038,052
		SFR Group SA
	3,480,000	6.000%, 5/15/2022^g		3,549,600
		Sprint Communications, Inc.
	2,300,000	9.000%, 11/15/2018^g		2,538,625
		Sprint Corporation
	1,400,000	7.625%, 2/15/2025		1,386,000
		Telefonica Emisiones SAU
	1,110,000	3.192%, 4/27/2018		1,136,196
		Time Warner Entertainment Company, LP
	1,691,000	8.375%, 3/15/2023		2,197,081
		Time Warner, Inc.
	760,000	3.600%, 7/15/2025		808,415
	975,000	6.250%, 3/29/2041		1,255,984
		T-Mobile USA, Inc.
	3,570,000	6.125%, 1/15/2022		3,793,125
		Unitymedia Hessen GmbH & Company KG
	2,190,000	5.500%, 1/15/2023^g		2,272,125
		Univision Communications, Inc.
	970,000	5.125%, 5/15/2023^g		982,125
	650,000	5.125%, 2/15/2025^g		654,063
		Verizon Communications, Inc.
	945,000	1.627%, 6/17/2019^h		954,270
	2,485,000	3.000%, 11/1/2021		2,600,187
	3,489,000	5.150%, 9/15/2023		4,064,430
	650,000	5.050%, 3/15/2034		730,582
	1,165,000	4.272%, 1/15/2036		1,213,819
	2,530,000	4.522%, 9/15/2048		2,675,047
		Viacom, Inc.
	1,900,000	4.375%, 3/15/2043		1,744,318

		Total		125,949,769


	Consumer Cyclical (0.9%)
		Automatic Data Processing, Inc.
	500,000	3.375%, 9/15/2025		545,731
		Cinemark USA, Inc.
	3,525,000	4.875%, 6/1/2023		3,542,625
		CVS Health Corporation
	400,000	2.250%, 8/12/2019		407,521
	2,900,000	4.875%, 7/20/2035		3,398,455
	1,225,000	5.125%, 7/20/2045		1,498,965
		Delphi Automotive plc
	1,930,000	3.150%, 11/19/2020		1,998,384
		eBay, Inc.
	760,000	2.500%, 3/9/2018		770,748
		Ford Motor Company
	625,000	7.450%, 7/16/2031		826,685


Principal Amount		Long-Term Fixed Income (29.2%)	Value
	Consumer Cyclical (0.9%) - continued
		Ford Motor Credit Company, LLC
	$2,024,000	5.000%, 5/15/2018		$2,124,500
	1,470,000	2.551%, 10/5/2018		1,491,560
	1,525,000	2.943%, 1/8/2019		1,561,896
		General Motors Company
	750,000	6.600%, 4/1/2036		902,387
	1,401,000	6.250%, 10/2/2043		1,653,516
		General Motors Financial Company, Inc.
	1,156,000	3.700%, 11/24/2020		1,202,971
	772,000	4.200%, 3/1/2021		812,423
	1,630,000	4.300%, 7/13/2025		1,679,329
		GLP Capital, LP
	1,325,000	4.875%, 11/1/2020		1,427,687
	2,000,000	4.375%, 4/15/2021^f		2,105,000
		Goodyear Tire & Rubber Company
	3,240,000	5.125%, 11/15/2023		3,377,700
		Home Depot, Inc.
	676,000	2.625%, 6/1/2022		701,971
	965,000	3.000%, 4/1/2026		1,020,895
	1,140,000	4.250%, 4/1/2046		1,316,465
		Hyundai Capital America
	1,158,000	2.400%, 10/30/2018^g		1,174,085
	1,158,000	3.000%, 10/30/2020^g		1,199,983
		Jaguar Land Rover Automotive plc
	1,270,000	4.125%, 12/15/2018^g		1,311,275
	1,100,000	5.625%, 2/1/2023^g		1,152,250
		KB Home
	1,815,000	4.750%, 5/15/2019		1,853,569
		L Brands, Inc.
	2,100,000	5.625%, 2/15/2022		2,346,750
		Lear Corporation
	1,875,000	5.250%, 1/15/2025		2,029,688
		Lennar Corporation
	1,100,000	4.125%, 12/1/2018		1,130,250
	1,445,000	4.875%, 12/15/2023		1,481,125
		Live Nation Entertainment, Inc.
	2,150,000	5.375%, 6/15/2022^g		2,219,875
		McDonald’s Corporation
	1,100,000	2.750%, 12/9/2020		1,141,425
		MGM Resorts International
	3,140,000	6.000%, 3/15/2023		3,406,900
		MGP Escrow Issuer, LLC
	2,504,000	5.625%, 5/1/2024^g		2,716,089
		PulteGroup, Inc.
	4,220,000	4.250%, 3/1/2021		4,431,000
		Rite Aid Corporation
	2,955,000	6.375%, 4/1/2023^g		3,188,947
		Royal Caribbean Cruises, Ltd.
	1,450,000	5.250%, 11/15/2022^f		1,576,875
		Schaeffler Verwaltung Zwei GmbH
	3,040,000	4.500%, 9/15/2023^g		3,068,485
		Six Flags Entertainment Corporation
	2,850,000	5.250%, 1/15/2021^g		2,942,625
		Time Warner, Inc.
	1,520,000	7.625%, 4/15/2031		2,155,018
		Toll Brothers Finance Corporation
	620,000	8.910%, 10/15/2017		663,400
	609,000	4.000%, 12/31/2018		631,076
		West Corporation
	3,470,000	5.375%, 7/15/2022^g		3,400,600
		ZF North America Capital, Inc.
	3,200,000	4.500%, 4/29/2022^g		3,393,216

		Total		82,981,920


Principal Amount		Long-Term Fixed Income (29.2%)	Value
	Consumer Non-Cyclical (1.4%)
		AbbVie, Inc.
	$1,150,000	2.500%, 5/14/2020		$1,172,395
	1,910,000	3.600%, 5/14/2025		1,996,452
	1,930,000	4.450%, 5/14/2046		2,015,673
		Actavis Funding SCS
	2,350,000	4.550%, 3/15/2035		2,496,165
	1,140,000	4.850%, 6/15/2044		1,253,949
		Altria Group, Inc.
	760,000	2.850%, 8/9/2022		793,547
	940,000	2.625%, 9/16/2026		950,414
		Amgen, Inc.
	772,000	2.700%, 5/1/2022		796,431
	875,000	3.125%, 5/1/2025		905,675
		Anheuser-Busch InBev Finance, Inc.
	815,000	2.017%, 2/1/2021^h		836,466
	4,248,000	3.650%, 2/1/2026		4,562,352
	3,860,000	4.700%, 2/1/2036		4,438,124
	1,930,000	4.900%, 2/1/2046		2,296,277
		Aramark Services, Inc.
	2,000,000	4.750%, 6/1/2026^g		2,010,000
		B&G Foods, Inc.
	1,050,000	4.625%, 6/1/2021		1,081,500
		BAT International Finance plc
	825,000	1.360%, 6/15/2018^g,h		827,657
		Baxter International, Inc.
	950,000	2.600%, 8/15/2026		939,029
		Becton, Dickinson and Company
	1,904,000	6.375%, 8/1/2019		2,148,409
		Biogen, Inc.
	1,100,000	3.625%, 9/15/2022		1,178,205
		Boston Scientific Corporation
	740,000	6.000%, 1/15/2020		835,964
	1,025,000	3.850%, 5/15/2025		1,090,683
	1,140,000	7.375%, 1/15/2040		1,551,547
		BRF SA
	873,000	4.750%, 5/22/2024^g		892,642
		Bunge Limited Finance Corporation
	960,000	8.500%, 6/15/2019		1,124,883
	1,230,000	3.500%, 11/24/2020		1,286,469
		Cardinal Health, Inc.
	450,000	1.950%, 6/15/2018		454,253
	507,000	4.900%, 9/15/2045		597,132
		Celgene Corporation
	1,685,000	2.875%, 8/15/2020		1,743,104
	445,000	3.550%, 8/15/2022		472,804
	1,685,000	5.000%, 8/15/2045		1,897,170
		Church & Dwight Company, Inc.
	530,000	2.450%, 12/15/2019		540,174
		Cigna Corporation
	980,000	5.375%, 2/15/2042		1,184,563
		ConAgra Foods, Inc.
	579,000	7.125%, 10/1/2026		747,511
		Cott Beverages, Inc.
	1,470,000	5.375%, 7/1/2022		1,514,100
		EMD Finance, LLC
	880,000	1.207%, 3/17/2017^g,h		880,376
	1,520,000	2.950%, 3/19/2022^g		1,566,941
		Endo Finance, LLC
	2,025,000	6.500%, 2/1/2025^g,i		1,789,594
		Energizer Holdings, Inc.
	2,749,000	5.500%, 6/15/2025^g		2,831,470
		Envision Healthcare Corporation
	3,165,000	5.125%, 7/1/2022^g		3,149,175
		Express Scripts Holding Company
	772,000	3.900%, 2/15/2022		832,990


Principal Amount		Long-Term Fixed Income (29.2%)	Value
	Consumer Non-Cyclical (1.4%) - continued
	$1,820,000	4.500%, 2/25/2026		$1,996,238
	305,000	3.400%, 3/1/2027		306,732
		Fresenius Medical Care US Finance II, Inc.
	1,100,000	5.875%, 1/31/2022^g		1,245,750
		Gilead Sciences, Inc.
	435,000	2.550%, 9/1/2020		449,312
	1,900,000	2.950%, 3/1/2027		1,919,986
	1,100,000	4.150%, 3/1/2047		1,124,299
		Grifols Worldwide Operations, Ltd.
	3,000,000	5.250%, 4/1/2022		3,105,000
		H.J. Heinz Company
	1,250,000	3.500%, 7/15/2022		1,328,351
		HCA, Inc.
	1,000,000	4.750%, 5/1/2023		1,042,500
	1,430,000	5.250%, 6/15/2026		1,519,375
	2,300,000	4.500%, 2/15/2027		2,314,375
		Imperial Tobacco Finance plc
	1,765,000	2.950%, 7/21/2020^g		1,822,304
		JBS USA, LLC
	2,220,000	5.750%, 6/15/2025^g		2,181,150
		Kraft Foods Group, Inc.
	1,544,000	5.000%, 6/4/2042		1,774,034
		Laboratory Corporation of America Holdings
	620,000	2.625%, 2/1/2020		631,715
		LifePoint Health, Inc.
	2,200,000	5.500%, 12/1/2021		2,293,500
	820,000	5.375%, 5/1/2024^g		820,000
		McKesson Corporation
	825,000	4.883%, 3/15/2044		969,826
		Mead Johnson Nutrition Company
	735,000	3.000%, 11/15/2020		765,512
		Medtronic plc
	3,855,000	4.375%, 3/15/2035		4,368,417
		Merck & Company, Inc.
	660,000	1.182%, 2/10/2020^h		662,600
	330,000	3.700%, 2/10/2045		349,302
		Mondelez International, Inc.
	672,000	1.277%, 2/1/2019^h		671,815
		Mylan NV
	1,550,000	3.000%, 12/15/2018^g		1,584,173
	590,000	3.750%, 12/15/2020^g		616,181
	1,900,000	3.150%, 6/15/2021^g		1,935,671
		PepsiCo, Inc.
	1,545,000	2.850%, 2/24/2026		1,619,086
		Pernod Ricard SA
	1,200,000	3.250%, 6/8/2026^g		1,218,938
		Perrigo Finance Unlimited Company
	2,315,000	3.500%, 3/15/2021		2,394,312
		Quintiles Transnational Holdings, Inc.
	800,000	4.875%, 5/15/2023^g		822,000
		Reynolds American, Inc.
	800,000	2.300%, 8/21/2017		806,827
	2,338,000	5.700%, 8/15/2035		2,889,735
		Roche Holdings, Inc.
	1,158,000	4.000%, 11/28/2044^g		1,318,230
		SABMiller Holdings, Inc.
	676,000	3.750%, 1/15/2022^g		731,877
		Safeway, Inc.
	62,000	3.400%, 12/1/2016		61,876
		Shire Acquisitions Investments Ireland Designated Activity Company
	1,140,000	2.400%, 9/23/2021		1,141,435


Principal Amount		Long-Term Fixed Income (29.2%)	Value
	Consumer Non-Cyclical (1.4%) - continued
	$1,140,000	3.200%, 9/23/2026		$1,146,132
		Spectrum Brands, Inc.
	1,550,000	5.750%, 7/15/2025		1,674,000
		Tenet Healthcare Corporation
	3,700,000	8.125%, 4/1/2022		3,700,000
		Teva Pharmaceutical Finance Netherlands III BV
	1,555,000	2.200%, 7/21/2021		1,549,136
	950,000	2.800%, 7/21/2023		952,438
	700,000	4.100%, 10/1/2046		696,681
		Thermo Fisher Scientific, Inc.
	579,000	3.000%, 4/15/2023		592,967
		TreeHouse Foods, Inc.
	970,000	4.875%, 3/15/2022		1,003,950
		UnitedHealth Group, Inc.
	3,450,000	4.625%, 7/15/2035		4,006,382
		VRX Escrow Corporation
	4,500,000	6.125%, 4/15/2025^g		3,875,625

		Total		129,682,010


	Energy (0.8%)
		Anadarko Petroleum Corporation
	1,085,000	4.850%, 3/15/2021		1,164,767
		Antero Resources Corporation
	960,000	5.125%, 12/1/2022		967,200
	1,500,000	5.625%, 6/1/2023		1,528,125
		Apache Corporation
	1,500,000	4.750%, 4/15/2043		1,532,641
		Boardwalk Pipelines, LP
	1,140,000	5.875%, 11/15/2016		1,145,285
	765,000	5.950%, 6/1/2026		845,760
		BP Capital Markets plc
	1,590,000	3.062%, 3/17/2022		1,665,546
	2,285,000	3.535%, 11/4/2024		2,427,442
	415,000	3.119%, 5/4/2026		424,091
		Buckeye Partners, LP
	1,182,000	2.650%, 11/15/2018		1,193,819
		Canadian Natural Resources, Ltd.
	1,600,000	3.450%, 11/15/2021		1,646,861
		CNOOC Nexen Finance
	651,000	1.625%, 4/30/2017		651,495
		CNPC General Capital, Ltd.
	543,000	2.750%, 4/19/2017^g		546,781
		Columbia Pipeline Group, Inc.
	1,480,000	2.450%, 6/1/2018		1,488,812
		Concho Resources, Inc.
	2,907,000	6.500%, 1/15/2022		3,016,012
	1,101,432	5.500%, 10/1/2022		1,142,736
		ConocoPhillips Company
	965,000	4.200%, 3/15/2021^f		1,044,470
		Contura Energy, Inc.
	1,167,000	10.000%, 8/1/2021^g		1,202,010
		Crestwood Midstream Partners, LP
	775,000	6.125%, 3/1/2022		782,750
		Devon Energy Corporation
	1,150,000	3.250%, 5/15/2022^f		1,141,779
	772,000	5.850%, 12/15/2025^f		868,793
		Ecopetrol SA
	640,000	5.875%, 9/18/2023		690,400
		Enbridge Energy Partners, LP
	760,000	4.375%, 10/15/2020		801,530
		Enbridge, Inc.
	700,000	1.289%, 6/2/2017^f,h		698,549
		Energy Transfer Partners, LP
	1,520,000	4.650%, 6/1/2021		1,614,579


Principal Amount		Long-Term Fixed Income (29.2%)	Value
	Energy (0.8%) - continued
	$970,000	4.900%, 3/15/2035		$895,372
		EnLink Midstream Partners, LP
	775,000	4.150%, 6/1/2025		741,904
	569,000	4.850%, 7/15/2026		572,570
		Enterprise Products Operating, LLC
	942,000	5.100%, 2/15/2045		1,013,087
		EQT Corporation
	659,000	5.150%, 3/1/2018		686,119
	770,000	8.125%, 6/1/2019		880,148
	425,000	4.875%, 11/15/2021		465,358
		Exxon Mobil Corporation
	625,000	4.114%, 3/1/2046		698,621
		Magellan Midstream Partners, LP
	1,070,000	5.000%, 3/1/2026		1,219,001
		Marathon Oil Corporation
	1,140,000	2.700%, 6/1/2020		1,117,350
		Marathon Petroleum Corporation
	560,000	3.400%, 12/15/2020		581,973
	600,000	4.750%, 9/15/2044		537,193
		MEG Energy Corporation
	1,100,000	6.500%, 3/15/2021^g		897,875
		MPLX, LP
	3,850,000	4.875%, 12/1/2024		3,982,155
	1,500,000	4.875%, 6/1/2025		1,549,923
		Newfield Exploration Company
	2,780,000	5.625%, 7/1/2024		2,849,500
		Noble Energy, Inc.
	970,000	5.625%, 5/1/2021		1,010,471
		Petrobras Global Finance BV
	474,000	8.375%, 5/23/2021		517,845
		Petrobras International Finance Company
	760,000	5.750%, 1/20/2020		783,180
		Petroleos Mexicanos
	1,107,000	5.500%, 2/4/2019^g		1,167,331
	720,000	2.378%, 4/15/2025		736,936
		Pioneer Natural Resources Company
	413,000	3.450%, 1/15/2021		429,463
	750,000	4.450%, 1/15/2026		813,385
		Regency Energy Partners, LP
	1,470,000	5.000%, 10/1/2022		1,551,507
		Rice Energy, Inc.
	2,440,000	6.250%, 5/1/2022		2,519,300
		Sabine Pass Liquefaction, LLC
	1,430,000	5.625%, 3/1/2025		1,537,250
		Schlumberger Holdings Corporation
	560,000	3.000%, 12/21/2020^g		583,931
	950,000	4.000%, 12/21/2025^g		1,033,576
		Shell International Finance BV
	615,000	1.266%, 5/11/2020^h		615,707
		Suncor Energy, Inc.
	990,000	3.600%, 12/1/2024		1,037,722
		Sunoco Logistics Partners Operations, LP
	2,660,000	4.400%, 4/1/2021		2,853,483
		Targa Resources Partners, LP
	1,000,000	6.625%, 10/1/2020		1,033,750
		Valero Energy Corporation
	1,900,000	3.400%, 9/15/2026		1,887,340
		Weatherford International, Ltd.
	2,630,000	8.250%, 6/15/2023^f		2,597,125
		WPX Energy, Inc.
	1,500,000	7.500%, 8/1/2020		1,586,250

		Total		73,215,934


Principal Amount		Long-Term Fixed Income (29.2%)	Value
	Financials (2.5%)
		ABN AMRO Bank NV
	$1,550,000	4.750%, 7/28/2025^g		$1,627,990
		ACE INA Holdings, Inc.
	1,115,000	4.350%, 11/3/2045		1,288,801
		AerCap Ireland Capital, Ltd.
	760,000	3.750%, 5/15/2019		776,150
	760,000	4.625%, 10/30/2020		798,000
	3,165,000	5.000%, 10/1/2021		3,378,638
	760,000	4.625%, 7/1/2022		798,950
		Aetna, Inc.
	1,150,000	2.400%, 6/15/2021		1,163,316
	1,500,000	2.800%, 6/15/2023		1,531,709
	765,000	3.200%, 6/15/2026		777,795
	1,100,000	4.250%, 6/15/2036		1,139,321
		Air Lease Corporation
	800,000	2.125%, 1/15/2018		804,000
	339,000	2.625%, 9/4/2018		342,080
		Ally Financial, Inc.
	960,000	3.750%, 11/18/2019		975,600
	2,025,000	4.125%, 3/30/2020		2,060,438
		American Express Credit Corporation
	945,000	1.407%, 3/18/2019^h		946,593
		American International Group, Inc.
	530,000	3.300%, 3/1/2021		556,075
	1,154,000	4.125%, 2/15/2024		1,243,457
	525,000	3.900%, 4/1/2026		555,420
		Aon plc
	577,000	3.875%, 12/15/2025		616,112
		Argos Merger Sub, Inc.
	2,730,000	7.125%, 3/15/2023^f,g		2,859,675
		Avalonbay Communities, Inc.
	1,650,000	3.500%, 11/15/2025		1,724,271
		Banco Santander Chile
	1,200,000	1.565%, 4/11/2017^g,h		1,200,960
		Bank of America Corporation
	1,325,000	1.936%, 3/22/2018^h		1,334,994
	840,000	1.516%, 4/1/2019^h		845,043
	1,300,000	2.625%, 10/19/2020		1,326,640
	1,280,000	3.300%, 1/11/2023		1,325,015
	1,520,000	4.000%, 4/1/2024		1,637,970
	1,540,000	4.000%, 1/22/2025		1,596,034
	1,150,000	3.500%, 4/19/2026		1,195,092
	1,908,000	5.875%, 2/7/2042		2,487,467
	1,544,000	8.000%, 7/29/2049^j		1,574,880
		Bank of New York Mellon Corporation
	1,930,000	2.500%, 4/15/2021		1,983,484
		Bank of Tokyo-Mitsubishi UFJ, Ltd.
	530,000	2.850%, 9/8/2021^g		546,641
		Barclays Bank plc
	386,000	10.179%, 6/12/2021^g		493,305
		Barclays plc
	990,000	2.750%, 11/8/2019		997,299
	1,544,000	3.650%, 3/16/2025		1,523,332
		BB&T Corporation
	560,000	1.395%, 1/15/2020^h		561,556
		Berkshire Hathaway, Inc.
	965,000	2.750%, 3/15/2023		1,002,814
		BPCE SA
	960,000	5.700%, 10/22/2023^g		1,044,836
		Caisse Centrale Desjardins du Quebec
	780,000	1.417%, 1/29/2018^g,h		779,038
		Capital One Financial Corporation
	820,000	2.450%, 4/24/2019		837,867


Principal Amount		Long-Term Fixed Income (29.2%)	Value
	Financials (2.5%) - continued
		Centene Escrow Corporation
	$3,100,000	5.625%, 2/15/2021		$3,286,000
		CIT Group, Inc.
	2,970,000	5.000%, 8/15/2022		3,155,625
		Citigroup, Inc.
	700,000	1.431%, 4/8/2019^h		700,945
	1,555,000	2.700%, 3/30/2021		1,588,748
	850,000	4.050%, 7/30/2022		903,313
	2,515,000	4.400%, 6/10/2025		2,662,859
	1,140,000	4.125%, 7/25/2028		1,158,956
	3,100,000	4.650%, 7/30/2045		3,498,787
		Citizens Bank NA
	1,865,000	2.300%, 12/3/2018		1,886,548
		CoBank ACB
	495,000	1.450%, 6/15/2022^h		469,565
		Compass Bank
	920,000	2.750%, 9/29/2019		918,825
		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA
	795,000	3.950%, 11/9/2022		833,380
		Credit Agricole SA
	820,000	1.480%, 4/15/2019^g,h		821,642
		Credit Suisse AG
	772,000	5.400%, 1/14/2020		843,847
		Credit Suisse Group Funding, Ltd.
	2,316,000	2.750%, 3/26/2020		2,324,430
	1,544,000	3.750%, 3/26/2025		1,534,027
		CyrusOne, LP
	1,900,000	6.375%, 11/15/2022		2,012,218
		Deutsche Bank AG
	2,300,000	3.375%, 5/12/2021		2,249,862
		Digital Realty Trust LP
	1,500,000	3.400%, 10/1/2020		1,563,236
		Discover Bank
	1,750,000	8.700%, 11/18/2019		2,018,793
		Discover Financial Services
	640,000	6.450%, 6/12/2017		660,468
		DRB Prime Student Loan Trust
	1,204,322	2.425%, 10/27/2031^*,h		1,226,242
		Duke Realty, LP
	330,000	3.875%, 2/15/2021		352,145
	990,000	4.375%, 6/15/2022		1,082,895
		ERP Operating, LP
	337,000	3.375%, 6/1/2025		351,759
		European Investment Bank
	1,215,000	1.875%, 3/15/2019		1,237,906
		Fifth Third Bancorp
	991,000	5.450%, 1/15/2017		1,002,149
	740,000	2.875%, 7/27/2020		767,195
	530,000	2.875%, 10/1/2021		554,393
		GE Capital International Funding Company
	3,052,000	4.418%, 11/15/2035		3,425,458
		Genworth Financial, Inc.
	570,000	7.700%, 6/15/2020		565,725
		Goldman Sachs Group, Inc.
	840,000	1.952%, 4/30/2018^h		847,620
	620,000	1.917%, 11/15/2018^h		625,003
	3,145,000	5.375%, 3/15/2020		3,482,578
	780,000	1.875%, 4/23/2020^h		784,841
	3,088,000	5.250%, 7/27/2021		3,486,232
	1,900,000	2.350%, 11/15/2021		1,895,592
	772,000	3.500%, 1/23/2025		798,390
	1,260,000	4.750%, 10/21/2045		1,414,039


Principal Amount		Long-Term Fixed Income (29.2%)	Value
	Financials (2.5%) - continued
		Hartford Financial Services Group, Inc.
	$1,960,000	5.125%, 4/15/2022		$2,226,513
		HBOS plc
	1,932,000	6.750%, 5/21/2018^g		2,064,908
		HCP, Inc.
	2,430,000	4.000%, 12/1/2022		2,567,973
	660,000	3.400%, 2/1/2025		651,867
		HSBC Bank plc
	1,765,000	1.457%, 5/15/2018^g,h		1,766,525
		HSBC Holdings plc
	1,550,000	3.400%, 3/8/2021		1,603,105
	1,225,000	2.650%, 1/5/2022^c		1,220,831
	1,170,000	3.600%, 5/25/2023		1,208,371
	1,460,000	3.900%, 5/25/2026		1,512,597
	1,475,000	6.875%, 12/29/2049^j		1,534,000
		Huntington Bancshares, Inc.
	304,000	2.600%, 8/2/2018		308,926
		Huntington National Bank
	1,030,000	2.200%, 11/6/2018		1,042,862
		Icahn Enterprises, LP
	1,565,000	6.000%, 8/1/2020		1,572,825
		ING Capital Funding Trust III
	1,015,000	4.438%, 12/29/2049^h,j		1,008,656
		Intesa Sanpaolo SPA
	1,605,000	5.250%, 1/12/2024		1,731,350
		J.P. Morgan Chase & Company
	1,215,000	6.300%, 4/23/2019		1,353,511
	625,000	2.250%, 1/23/2020		633,211
	900,000	2.295%, 8/15/2021		901,958
	1,930,000	4.500%, 1/24/2022		2,137,110
	1,158,000	3.200%, 1/25/2023		1,207,495
	1,950,000	2.700%, 5/18/2023		1,970,116
	1,320,000	3.625%, 5/13/2024		1,403,820
	2,585,000	3.125%, 1/23/2025		2,642,113
	1,250,000	3.300%, 4/1/2026		1,286,309
	2,335,000	7.900%, 4/29/2049^j		2,399,212
		KeyBank NA
	1,225,000	2.350%, 3/8/2019		1,248,063
		KeyCorp
	1,600,000	2.900%, 9/15/2020		1,661,008
		Kookmin Bank
	1,225,000	1.625%, 8/1/2019^g		1,225,858
		Liberty Mutual Group, Inc.
	1,502,000	4.950%, 5/1/2022^g		1,676,022
		Liberty Property, LP
	2,210,000	3.750%, 4/1/2025		2,316,312
		Lincoln National Corporation
	750,000	8.750%, 7/1/2019		882,799
	1,158,000	7.000%, 6/15/2040		1,490,662
		Lloyds Bank plc
	885,000	1.374%, 3/16/2018^h		883,233
		Merrill Lynch & Company, Inc.
	2,295,000	6.400%, 8/28/2017		2,394,442
		MetLife, Inc.
	1,300,000	4.050%, 3/1/2045		1,289,496
		Mitsubishi UFJ Financial Group, Inc.
	1,200,000	2.190%, 9/13/2021		1,196,866
		Mizuho Bank, Ltd.
	960,000	1.850%, 3/21/2018^g		962,939
		Molina Healthcare, Inc.
	2,500,000	5.375%, 11/15/2022		2,581,250
		Morgan Stanley
	2,625,000	6.625%, 4/1/2018		2,812,635
	560,000	1.995%, 4/25/2018^h		566,472


Principal Amount		Long-Term Fixed Income (29.2%)	Value
	Financials (2.5%) - continued
	$780,000	1.874%, 1/27/2020^h		$788,131
	945,000	2.500%, 4/21/2021		956,815
	670,000	4.875%, 11/1/2022		738,985
	1,530,000	4.000%, 7/23/2025		1,645,299
	1,925,000	4.350%, 9/8/2026		2,055,134
	815,000	4.300%, 1/27/2045		872,405
	2,020,000	5.550%, 12/29/2049^f,j		2,062,925
		MPT Operating Partnership, LP
	2,200,000	6.375%, 3/1/2024		2,387,000
	970,000	5.500%, 5/1/2024		1,019,470
		Nasdaq, Inc.
	900,000	3.850%, 6/30/2026		941,735
		National City Corporation
	975,000	6.875%, 5/15/2019		1,098,268
		Prudential Financial, Inc.
	530,000	2.350%, 8/15/2019		540,765
		Quicken Loans, Inc.
	3,265,000	5.750%, 5/1/2025^g		3,240,513
		Realty Income Corporation
	302,000	2.000%, 1/31/2018		304,026
		Regions Bank
	344,000	7.500%, 5/15/2018		374,338
		Regions Financial Corporation
	1,400,000	2.250%, 9/14/2018		1,411,210
	1,158,000	3.200%, 2/8/2021		1,203,809
		Reinsurance Group of America, Inc.
	500,000	5.625%, 3/15/2017		508,980
	990,000	5.000%, 6/1/2021		1,082,317
		Reliance Standard Life Global Funding II
	660,000	2.500%, 4/24/2019^g		671,058
		Royal Bank of Scotland Group plc
	1,000,000	3.875%, 9/12/2023		983,993
	850,000	8.625%, 12/29/2049^j		831,938
		Santander Holdings USA, Inc.
	1,030,000	3.450%, 8/27/2018		1,055,881
		Santander UK Group Holdings plc
	1,351,000	2.875%, 10/16/2020		1,361,247
		Santander UK plc
	608,000	3.050%, 8/23/2018		622,818
		Simon Property Group, LP
	620,000	10.350%, 4/1/2019		740,143
	570,000	2.500%, 9/1/2020		587,550
	1,400,000	2.750%, 2/1/2023		1,434,958
		Skandinaviska Enskilda Banken AB
	1,025,000	2.375%, 3/25/2019^g		1,042,497
		Standard Chartered plc
	1,200,000	2.100%, 8/19/2019^g		1,199,521
		State Street Corporation
	873,000	1.701%, 8/18/2020^h		881,222
		Sumitomo Mitsui Banking Corporation
	930,000	1.268%, 1/16/2018^h		930,321
		Svenska Handelsbanken AB
	1,190,000	1.347%, 6/17/2019^h		1,191,422
		Synchrony Financial
	520,000	1.989%, 2/3/2020^h		508,692
	560,000	3.750%, 8/15/2021		589,032
	2,125,000	4.250%, 8/15/2024		2,231,072
		Toronto-Dominion Bank
	560,000	1.786%, 12/14/2020^h		564,997
		UBS Group Funding Jersey, Ltd.
	1,930,000	2.950%, 9/24/2020^g		1,977,136
	1,158,000	4.125%, 9/24/2025^g		1,213,571


Principal Amount		Long-Term Fixed Income (29.2%)	Value
	Financials (2.5%) - continued
		UnitedHealth Group, Inc.
	$375,000	3.350%, 7/15/2022		$402,679
		USB Realty Corporation
	535,000	1.827%, 12/29/2049^g,h,j		480,162
		Voya Financial, Inc.
	1,185,000	2.900%, 2/15/2018		1,207,244
		Wells Fargo & Company
	780,000	1.432%, 1/30/2020^h		777,832
	1,550,000	2.550%, 12/7/2020		1,580,417
	1,520,000	3.450%, 2/13/2023		1,567,406
	1,320,000	3.000%, 2/19/2025		1,340,463
	1,875,000	3.000%, 4/22/2026		1,892,631
	1,500,000	4.900%, 11/17/2045		1,651,517
		Welltower, Inc.
	300,000	2.250%, 3/15/2018		302,636
	655,000	3.750%, 3/15/2023		687,846
	740,000	4.000%, 6/1/2025		784,678

		Total		226,921,820


	Foreign Government (0.1%)
		Argentina Government International Bond
	853,000	6.250%, 4/22/2019^g		904,606
	1,650,000	7.125%, 7/6/2036^g		1,747,350
		Export-Import Bank of Korea
	765,000	2.250%, 1/21/2020		779,316
		Kommunalbanken AS
	1,270,000	1.500%, 10/22/2019^g		1,278,509
		Mexico Government International Bond
	1,025,000	4.350%, 1/15/2047		1,007,063
	1,025,000	4.125%, 1/21/2026		1,102,387

		Total		6,819,231


	Mortgage-Backed Securities (9.7%)
		Federal Home Loan Mortgage Corporation Gold 15-Yr. Pass Through
	65,995,000	3.000%, 10/1/2031^c		69,319,241
		Federal Home Loan Mortgage Corporation Gold 30-Yr. Pass Through
	48,845,000	4.000%, 10/1/2046^c		52,392,940
		Federal National Mortgage Association Conventional 15-Yr. Pass Through
	61,975,000	2.500%, 10/1/2031^c		64,190,885
		Federal National Mortgage Association Conventional 30-Yr. Pass Through
	7,053,127	1.740%, 7/1/2043^h		7,219,361
	5,974,567	2.040%, 7/1/2043^h		6,104,181
	6,224,938	2.094%, 8/1/2043^h		6,389,651
	93,900,000	3.000%, 10/1/2046^c		97,593,641
	309,950,000	3.500%, 10/1/2046^c		327,045,664
	162,432,500	4.000%, 10/1/2046^c		174,449,971
	72,094,000	4.500%, 10/1/2046^c		78,952,483

		Total		883,658,018


	Technology (0.6%)
		Amphenol Corporation
	511,000	2.550%, 1/30/2019		522,924
		Apple, Inc.
	615,000	1.117%, 5/6/2020^h		613,895
	2,676,000	3.200%, 5/13/2025		2,852,177


Principal Amount		Long-Term Fixed Income (29.2%)	Value
	Technology (0.6%) - continued
	$1,154,000	4.650%, 2/23/2046		$1,331,631
		Cisco Systems, Inc.
	825,000	1.342%, 3/1/2019^h		830,418
		CommScope Technologies Finance, LLC
	2,125,000	6.000%, 6/15/2025^g		2,265,781
		Diamond 1 Finance Corporation
	950,000	3.480%, 6/1/2019^g		977,047
	755,000	5.450%, 6/15/2023^g		808,950
	579,000	6.020%, 6/15/2026^g		634,759
		Equinix, Inc.
	2,695,000	5.750%, 1/1/2025		2,863,437
		Fidelity National Information Services, Inc.
	1,560,000	2.850%, 10/15/2018		1,600,964
	1,159,000	3.625%, 10/15/2020		1,229,318
		First Data Corporation
	1,570,000	5.375%, 8/15/2023^g		1,617,100
		Hewlett Packard Enterprise Company
	1,520,000	2.450%, 10/5/2017^g,i		1,532,175
	760,000	2.850%, 10/5/2018^g,i		774,351
	760,000	4.400%, 10/15/2022^g,i		810,396
		IMS Health, Inc.
	1,497,000	6.000%, 11/1/2020^f,g		1,519,455
		Intel Corporation
	320,000	3.100%, 7/29/2022		341,789
	925,000	3.700%, 7/29/2025		1,026,212
	1,737,000	4.100%, 5/19/2046		1,859,111
		International Business Machines Corporation
	1,544,000	4.700%, 2/19/2046		1,786,809
		Iron Mountain, Inc.
	2,740,000	6.000%, 8/15/2023		2,924,950
		Lam Research Corporation
	1,410,000	3.450%, 6/15/2023		1,442,241
		Micron Technology, Inc.
	4,415,000	7.500%, 9/15/2023^g		4,903,917
		Microsoft Corporation
	2,400,000	4.750%, 11/3/2055		2,772,194
	2,400,000	4.200%, 11/3/2035		2,682,886
	1,325,000	3.700%, 8/8/2046		1,341,145
		NXP BV
	2,615,000	3.875%, 9/1/2022^g		2,739,213
		Oracle Corporation
	565,000	2.500%, 5/15/2022		579,963
	1,544,000	2.400%, 9/15/2023		1,556,383
	1,690,000	2.950%, 5/15/2025		1,745,655
		Plantronics, Inc.
	1,470,000	5.500%, 5/31/2023^g		1,514,100
		Qualcomm, Inc.
	1,158,000	3.000%, 5/20/2022		1,214,990
		Seagate HDD Cayman
	760,000	4.875%, 6/1/2027		672,367
		Sensata Technologies UK Financing Company plc
	1,555,000	6.250%, 2/15/2026^g		1,683,288
		Western Digital Corporation
	2,930,000	10.500%, 4/1/2024^g		3,398,800

		Total		58,970,791


	Transportation (0.2%)
		Air Canada Pass Through Trust
	493,761	3.875%, 3/15/2023^g		480,183
		American Airlines Pass Through Trust
	1,503,349	3.375%, 5/1/2027		1,540,933


Principal Amount		Long-Term Fixed Income (29.2%)	Value
	Transportation (0.2%) - continued
		Avis Budget Car Rental, LLC
	$2,275,000	5.125%, 6/1/2022^g		$2,282,109
	1,625,000	6.375%, 4/1/2024^f,g		1,657,500
		Burlington Northern Santa Fe, LLC
	1,320,000	5.050%, 3/1/2041		1,601,502
	1,640,000	3.900%, 8/1/2046		1,753,160
		Canadian Pacific Railway Company
	870,000	4.800%, 8/1/2045		1,016,564
		Continental Airlines, Inc.
	1,100,000	6.125%, 4/29/2018		1,149,500
	686,137	4.150%, 4/11/2024		732,451
		CSX Corporation
	532,000	3.700%, 11/1/2023		577,490
		Delta Air Lines, Inc.
	319,899	4.950%, 5/23/2019		336,693
		ERAC USA Finance, LLC
	294,000	2.800%, 11/1/2018^g		300,675
		FedEx Corporation
	1,665,000	3.900%, 2/1/2035		1,713,282
		J.B. Hunt Transport Services, Inc.
	510,000	3.300%, 8/15/2022		533,162
		Southwest Airlines Company
	1,075,000	2.750%, 11/6/2019		1,108,998
		Virgin Australia Holdings, Ltd.
	283,724	5.000%, 10/23/2023^g		294,363
		XPO Logistics, Inc.
	2,270,000	6.500%, 6/15/2022^g		2,366,475

		Total		19,445,040


	U.S. Government and Agencies (7.1%)
		Federal National Mortgage Association
	540,000	6.250%, 5/15/2029		779,663
		Tennessee Valley Authority
	520,000	5.250%, 9/15/2039		718,818
		U.S. Treasury Bonds
	4,750,000	5.250%, 11/15/2028		6,576,337
	2,975,000	4.375%, 5/15/2040		4,156,982
	35,920,000	3.625%, 2/15/2044		45,737,654
		U.S. Treasury Bonds, TIPS
	4,416,358	0.125%, 4/15/2019		4,491,542
	35,350,031	0.125%, 1/15/2023		35,907,572
	134,057	2.375%, 1/15/2025		159,748
	31,569,911	0.625%, 1/15/2026		33,202,391
	94,643	2.125%, 2/15/2040		125,913
	1,011,798	0.750%, 2/15/2042		1,042,484
	82,056,787	1.000%, 2/15/2046		90,708,116
		U.S. Treasury Notes
	1,100,000	0.875%, 11/30/2016^l		1,101,193
	65,050,000	0.875%, 11/15/2017		65,174,506
	25,100,000	0.875%, 3/31/2018		25,150,978
	14,000,000	0.750%, 2/15/2019		13,973,204
	112,320,000	1.500%, 10/31/2019		114,294,361
	76,185,000	1.375%, 9/30/2020		77,092,668
	5,000,000	1.375%, 5/31/2021		5,054,100
	38,359,000	1.125%, 8/31/2021		38,320,027
	1,000,000	2.125%, 9/30/2021		1,044,844
	2,000,000	2.125%, 6/30/2022		2,091,954
	8,105,000	1.625%, 8/15/2022		8,251,271
	68,135,000	2.250%, 11/15/2024		71,938,296

		Total		647,094,622


	Utilities (0.7%)
		AES Corporation
	1,100,000	7.375%, 7/1/2021		1,262,250


Principal Amount		Long-Term Fixed Income (29.2%)	Value
	Utilities (0.7%) - continued
		American Electric Power Company, Inc.
	$2,552,000	2.950%, 12/15/2022		$2,665,860
		Arizona Public Service Company
	675,000	2.200%, 1/15/2020		690,779
		Berkshire Hathaway Energy Company
	495,000	2.400%, 2/1/2020		507,033
		Calpine Corporation
	1,470,000	5.375%, 1/15/2023		1,464,488
		Chesapeake Midstream Partners, LP
	1,930,000	6.125%, 7/15/2022		2,003,795
		Commonwealth Edison Company
	1,300,000	3.700%, 3/1/2045		1,342,462
	965,000	4.350%, 11/15/2045		1,102,227
		Consolidated Edison Company of New York, Inc.
	579,000	4.500%, 12/1/2045		665,660
		Consolidated Edison, Inc.
	772,000	2.000%, 5/15/2021		779,583
		Covanta Holding Corporation
	1,200,000	7.250%, 12/1/2020		1,239,000
		Dominion Resources, Inc.
	1,495,000	2.962%, 7/1/2019		1,534,477
		DTE Electric Company
	965,000	3.700%, 3/15/2045		1,020,078
	1,225,000	3.700%, 6/1/2046		1,296,656
		DTE Energy Company
	265,000	2.400%, 12/1/2019		270,278
		Duke Energy Corporation
	1,073,000	2.100%, 6/15/2018		1,085,336
	1,520,000	3.750%, 9/1/2046		1,474,056
		Duke Energy Indiana, LLC
	1,550,000	3.750%, 5/15/2046		1,605,874
		Dynegy, Inc.
	1,800,000	6.750%, 11/1/2019		1,845,000
	2,665,000	7.375%, 11/1/2022		2,631,688
		Edison International
	1,520,000	2.950%, 3/15/2023		1,570,160
		Emera U.S. Finance, LP
	1,175,000	2.150%, 6/15/2019^g		1,187,852
	1,160,000	4.750%, 6/15/2046^g		1,244,965
		Enel Finance International NV
	474,000	6.250%, 9/15/2017^g		494,894
		Energy Transfer Equity, LP
	1,470,000	5.500%, 6/1/2027		1,462,650
		Eversource Energy
	565,000	1.600%, 1/15/2018		567,310
		Exelon Corporation
	825,000	5.100%, 6/15/2045		957,177
	1,158,000	4.450%, 4/15/2046		1,243,956
		Exelon Generation Company, LLC
	1,077,000	5.200%, 10/1/2019		1,183,160
	505,000	2.950%, 1/15/2020		520,496
		ITC Holdings Corporation
	294,000	4.050%, 7/1/2023		319,935
	975,000	5.300%, 7/1/2043		1,155,679
		Kinder Morgan Energy Partners, LP
	1,150,000	3.500%, 3/1/2021		1,187,429
		MidAmerican Energy Holdings Company
	1,497,000	6.500%, 9/15/2037		2,058,592
		Monongahela Power Company
	990,000	5.400%, 12/15/2043^g		1,250,324


Principal Amount		Long-Term Fixed Income (29.2%)	Value
	Utilities (0.7%) - continued
		National Rural Utilities Cooperative Finance Corporation
	$1,500,000	2.300%, 11/1/2020		$1,534,845
		NextEra Energy Capital Holdings, Inc.
	965,000	2.300%, 4/1/2019		980,311
		NiSource Finance Corporation
	2,200,000	5.650%, 2/1/2045		2,786,067
		Northern States Power Company
	1,670,000	4.125%, 5/15/2044		1,886,983
		NRG Energy, Inc.
	1,100,000	6.625%, 3/15/2023		1,111,000
		Oncor Electric Delivery Company, LLC
	960,000	3.750%, 4/1/2045		1,002,904
		Pacific Gas & Electric Company
	1,158,000	4.250%, 3/15/2046		1,301,554
		PG&E Corporation
	485,000	2.400%, 3/1/2019		494,429
		PPL Capital Funding, Inc.
	508,000	3.500%, 12/1/2022		539,004
	1,900,000	5.000%, 3/15/2044		2,141,467
		Regency Energy Partners, LP
	1,520,000	5.875%, 3/1/2022		1,676,068
		Sempra Energy
	1,640,000	6.150%, 6/15/2018		1,763,025
	630,000	2.400%, 3/15/2020		641,882
		Southern California Edison Company
	375,000	2.400%, 2/1/2022		386,363
		Southern Company
	1,550,000	1.850%, 7/1/2019		1,562,189
	1,550,000	4.400%, 7/1/2046		1,672,447
		Southwestern Electric Power Company
	620,000	3.900%, 4/1/2045		620,411
		Targa Resources Partners, LP
	975,000	5.250%, 5/1/2023		987,187
		TransAlta Corporation
	1,213,000	1.900%, 6/3/2017		1,213,861
		Williams Partners, LP
	1,550,000	5.100%, 9/15/2045		1,512,214

		Total		68,705,370



		Total Long-Term Fixed Income (cost $2,617,135,869)		2,675,454,708


Shares		Preferred Stock (<0.1%)	Value
	Energy (<0.1%)
	25,286	Alpha Natural Resources, Inc.^e		148,682
	25,286	ANR Holdings, Inc.^e		38,687

		Total		187,369



		Total Preferred Stock (cost $96,536)		187,369


Shares		Collateral Held for Securities Loaned (1.3%)	Value
	120,367,553	Thrivent Cash Management Trust		120,367,553

		Total Collateral Held for Securities Loaned (cost $120,367,553)		120,367,553


Shares or Principal Amount		Short-Term Investments (15.3%)^m	Value
		Federal Farm Credit Discount Notes
	200,000	0.336%, 11/22/2016		199,939


Shares or Principal Amount		Short-Term Investments (15.3%)^m	Value
		Federal Home Loan Bank Discount Notes
	18,000,000	0.365%, 10/5/2016ⁿ		$17,999,802
	11,900,000	0.366%, 10/14/2016ⁿ		11,899,310
	6,800,000	0.375%, 10/21/2016ⁿ		6,799,354
	7,000,000	0.330%, 11/9/2016ⁿ		6,998,418
	800,000	0.335%, 11/18/2016		799,775
	7,700,000	0.345%, 11/30/2016ⁿ		7,697,274
	100,000	0.348%, 12/2/2016		99,957
		Thrivent Core Short-Term Reserve Fund
	135,207,222	0.750%		1,352,072,223

		Total Short-Term Investments (cost $1,404,561,061)		1,404,566,052

		Total Investments (cost $9,454,415,979) 110.6%		$10,141,977,537

		Other Assets and Liabilities, Net (10.6%)		(971,671,024)

		Total Net Assets 100.0%		$9,170,306,513

a	The stated interest rate represents the weighted average of all contracts within the bank loan facility.

b	All or a portion of the loan is unfunded.

c	Denotes investments purchased on a when-issued or delayed delivery basis.

d	In bankruptcy. Interest is not being accrued.

e	Non-income producing security.

f	All or a portion of the security is on loan.

h	Denotes variable rate securities. Variable rate securities are securities whose yields vary with a designated market index or market rate. The rate shown is as of September 30, 2016.

i	Denotes step coupon securities. Step coupon securities pay an initial coupon rate for the first period and then different coupon rates for following periods. The rate shown is as of September 30, 2016.

j	Denotes perpetual securities. Perpetual securities pay an indefinite stream of interest, but may be called by the issuer at an earlier date.

l	At September 30, 2016, $70,076 of investments were segregated to cover exposure to a counterparty for margin on open mortgage-backed security transactions.

m	The interest rate shown reflects the yield, coupon rate or the discount rate at the date of purchase.

n	All or a portion of the security is held on deposit with the counterparty and pledged as the initial margin deposit for open futures contracts.

Denotes restricted securities. Restricted securities are investment securities which have been deemed illiquid and cannot be offered for public sale without first being registered under the Securities Act of 1933. The value of all restricted securities held in Moderate Allocation Portfolio as of September 30, 2016 was $110,775,138 or 1.2% of total net assets. The following table indicates the acquisition date and cost of restricted securities shown in the schedule as of September 30, 2016.


Security	Acquisition Date		Cost
Alm Loan Funding CLO, 10/17/2026		7/31/2014	$	1,399,300
Angel Oak Mortgage Trust I, LLC, 7/25/2046		8/15/2016		1,888,293
Apidos CLO XVIII, 7/22/2026		6/25/2014		1,396,500
Ares CLO, Ltd., 10/12/2023		5/15/2015		4,400,000
Ares CLO, Ltd., 11/15/2025		11/26/2014		2,750,000
Babson CLO, Ltd., 10/17/2026		8/15/2014		1,399,300
Bayview Opportunity Master Fund Trust, 7/28/2034		3/19/2015		1,082,871
Betony CLO, Ltd., 4/15/2027		2/25/2015		1,260,000
Birchwood Park CLO, Ltd., 7/15/2026		7/31/2014		1,400,000
BlueMountain CLO, Ltd., 10/15/2026		8/27/2014		1,398,586
CAM Mortgage, LLC, 7/15/2064		6/24/2015		540,463
Carlyle Global Market Strategies CLO, Ltd., 10/15/2026		9/19/2014		1,400,000
Carlyle Global Market Strategies CLO, Ltd., 7/20/2023		7/3/2014		1,400,000
Cent CLO 16, LP, 8/1/2024		9/5/2014		1,400,000
Cent CLO 22, Ltd., 11/7/2026		9/19/2014		1,400,000
Digicel, Ltd., 4/15/2021		8/18/2014		3,635,786
DRB Prime Student Loan Trust, 1/25/2040		6/23/2016		3,607,461
DRB Prime Student Loan Trust, 10/27/2031		9/30/2016		1,223,892
DRB Prime Student Loan Trust, 7/25/2031		9/23/2015		1,115,633
Dryden 34 Senior Loan Fund CLO, 10/15/2026		7/21/2014		1,400,000
Edlinc Student Loan Funding Trust, 10/1/2025		2/28/2013		72,720
Galaxy XX CLO, Ltd., 7/20/2027		5/20/2015		4,500,000
GoldenTree Loan Opportunities IX, Ltd., 10/29/2026		10/3/2014		1,398,600
Golub Capital Partners CLO 22B, Ltd., 2/20/2027		2/6/2015		2,686,230
Golub Capital Partners CLO 23M, Ltd., 5/5/2027		5/18/2015		1,346,625
Limerock CLO III, LLC, 10/20/2026		10/16/2014		4,500,000
Madison Park Funding XIV CLO, Ltd., 7/20/2026		7/3/2014		1,523,170
Madison Park Funding, Ltd., 8/15/2022		5/8/2015		4,250,000
Magnetite XII, Ltd., 4/15/2027		2/6/2015		4,425,000
Marlette Funding Trust, 1/17/2023		7/20/2016		2,141,179
Mountain View CLO, Ltd., 7/15/2027		5/13/2015		4,513,280
Neuberger Berman CLO, Ltd., 8/4/2025		6/19/2014		1,100,000
NZCG Funding CLO, Ltd., 4/27/2027		3/27/2015		4,500,000
Octagon Investment Partners XX CLO, Ltd., 8/12/2026		7/10/2014		1,400,000
OHA Loan Funding, Ltd., 10/20/2026		11/6/2014		4,488,750
OZLM VIII, Ltd., 10/17/2026		8/7/2014		1,392,020
Pretium Mortgage Credit Partners, LLC, 10/27/2030		10/6/2015		2,799,682
Race Point IX CLO, Ltd., 4/15/2027		2/13/2015		3,260,000
Shackleton VII CLO, Ltd., 4/15/2027		3/27/2015		4,500,000
Sunset Mortgage Loan Company, LLC, 7/16/2047		7/27/2016		4,983,709


Security	Acquisition Date		Cost
Sunset Mortgage Loan Company, LLC, 9/18/2045		10/2/2015	$	2,164,515
Symphony CLO VIII, Ltd., 1/9/2023		9/15/2014		1,304,172
Symphony CLO XV, Ltd., 10/17/2026		10/17/2014		4,466,250
Vericrest Opportunity Loan Transferee, 10/25/2058		2/6/2015		5,024,667
Vericrest Opportunity Loan Transferee, 2/25/2055		2/25/2015		1,092,848
Voya CLO 3, Ltd., 7/25/2026		7/10/2014		1,397,900

Securities Lending Transactions


Taxable Debt Security	$	22,323,781
Common Stock		96,382,286

Total lending	$	118,706,067
Gross amount payable upon return of collateral for securities loaned	$	120,367,553

Net amounts due to counterparty	$	1,661,486

Definitions:


ADR	-	American Depositary Receipt, which are certificates for an underlying foreign security’s shares held by an issuing U.S. depository bank.
CLO	-	Collateralized Loan Obligation
ETF	-	Exchange Traded Fund.
REIT	-	Real Estate Investment Trust is a company that buys, develops, manages and/or sells real estate assets.
TIPS	-	Treasury Inflation Protected Security.

Unrealized Appreciation (Depreciation)


Gross unrealized appreciation and depreciation of investments, based on cost for federal income tax purposes, were as follows:

Gross unrealized appreciation	$	834,642,438
Gross unrealized depreciation		(147,080,880)

Net unrealized appreciation (depreciation)	$	687,561,558

Cost for federal income tax purposes	$	9,454,415,979

The following table is a summary of the inputs used, as of September 30, 2016, in valuing Moderate Allocation Portfolio’s assets carried at fair value.

There were no significant transfers between Levels during the period ended September 30, 2016. Transfers between Levels are identified as of the end of the period.

The following table presents Moderate Allocation Portfolio’s futures contracts held as of September 30, 2016. Investments and/or cash totaling $50,594,234 were pledged as the initial margin deposit for these contracts.

A summary of transactions for the fiscal year to date, in Moderate Allocation Portfolio, is as follows:


Principal Amount		Bank Loans (2.6%)^a	Value
	Basic Materials (0.2%)
		Axalta Coating Systems US Holdings, Inc., Term Loan
	$1,351,861	3.750%, 2/1/2020		$1,360,918
		Chemours Company, Term Loan
	1,072,191	0.000%, 5/12/2022^b,c		1,060,804
		Fortescue Metals Group, Ltd., Term Loan
	883,946	3.750%, 6/30/2019		882,735
		Ineos US Finance, LLC, Term Loan
	2,248,857	3.750%, 12/15/2020		2,252,793
		Tronox Pigments BV, Term Loan
	1,821,489	4.500%, 3/19/2020		1,800,997

		Total		7,358,247


	Capital Goods (0.1%)
		Accudyne Industries, LLC, Term Loan
	1,145,978	4.000%, 12/13/2019		1,069,576
		ADS Waste Holdings, Inc., Term Loan
	989,228	3.750%, 10/9/2019		989,693
		Berry Plastics Group, Inc., Term Loan
	1,646,776	3.500%, 2/8/2020		1,647,814
		Cortes NP Acquisition Corporation, Term Loan
	3,025,000	0.000%, 10/3/2023^b,c		2,956,937

		Total		6,664,020


	Communications Services (0.8%)
		Atlantic Broadband Penn, LLC, Term Loan
	897,790	3.250%, 11/30/2019		897,790
		Charter Communications Operating, LLC, Term Loan
	445,050	3.000%, 7/1/2020		446,220
	358,200	3.500%, 1/24/2023		360,338
		Grande Communications Networks, LLC, Term Loan
	1,315,845	4.500%, 5/29/2020		1,315,845
		Hargray Communications Group, Inc., Term Loan
	1,945,369	5.250%, 6/26/2019		1,953,481
		Integra Telecom Holdings, Inc., Term Loan
	1,250,375	5.250%, 8/14/2020		1,240,997
	405,757	9.750%, 2/12/2021		393,584
		Intelsat Jackson Holdings SA, Term Loan
	650,968	3.750%, 6/30/2019		618,270
		Level 3 Communications, Inc., Term Loan
	2,540,000	4.000%, 1/15/2020		2,550,795
		Level 3 Financing, Inc., Term Loan
	840,000	3.500%, 5/31/2022		844,200
		Liberty Cablevision of Puerto Rico, LLC, Term Loan
	2,585,000	4.500%, 1/7/2022		2,547,854
		LTS Buyer, LLC, Term Loan
	1,986,686	4.088%, 4/13/2020		1,986,070
	72,737	8.000%, 4/12/2021		72,737
		NEP Broadcasting, LLC, Term Loan
	134,286	10.000%, 7/22/2020		134,454
		NEP/NCP Holdco, Inc., Term Loan
	2,491,739	4.250%, 1/22/2020		2,479,280
		Numericable US, LLC, Term Loan
	2,985,000	4.752%, 2/10/2023		3,004,582


Principal Amount		Bank Loans (2.6%)^a	Value
	Communications Services (0.8%) - continued
		SBA Senior Finance II, LLC, Term Loan
	$1,817,000	3.340%, 6/10/2022		$1,817,763
		Syniverse Holdings, Inc., Term Loan
	1,508,440	4.000%, 4/23/2019		1,331,198
		TNS, Inc., Term Loan
	737,595	5.000%, 2/14/2020		741,748
		Univision Communications, Inc., Term Loan
	1,886,591	4.000%, 3/1/2020		1,889,836
		Virgin Media Investment Holdings, Ltd., Term Loan
	1,902,132	3.649%, 6/30/2023		1,909,703
		WideOpenWest Finance, LLC, Term Loan
	3,825,000	4.500%, 8/18/2023		3,806,678
		XO Communications, LLC, Term Loan
	2,064,896	4.250%, 3/20/2021		2,068,345
		Yankee Cable Acquisition, LLC, Term Loan
	1,557,772	4.250%, 3/1/2020		1,556,807
		Zayo Group, LLC, Term Loan
	2,385,450	3.750%, 5/6/2021		2,395,397

		Total		38,363,972


	Consumer Cyclical (0.4%)
		Amaya BV, Term Loan
	2,876,652	5.000%, 8/1/2021		2,873,056
		Burlington Coat Factory Warehouse Corporation, Term Loan
	1,094,626	3.500%, 8/13/2021		1,101,927
		Cengage Learning Acquisitions, Term Loan
	1,147,125	5.250%, 6/7/2023		1,145,691
		Ceridian HCM Holding, Inc., Term Loan
	566,107	4.500%, 9/15/2020		552,662
		Charter Communications Operating, LLC, Term Loan
	2,176,875	3.000%, 1/3/2021		2,182,665
		Golden Nugget, Inc., Term Loan
	559,099	0.000%, 11/21/2019		561,894
		Golden Nugget, Inc., Term Loan Delayed Draw
	239,614	0.000%, 11/21/2019		240,812
		IMG Worldwide, Inc., Term Loan
	2,053,551	5.250%, 5/6/2021		2,059,198
	950,000	8.250%, 5/6/2022		948,224
		Jack Ohio Finance, LLC, Term Loan
	442,055	5.000%, 6/20/2019^b,c		431,742
		Mohegan Tribal Gaming Authority, Term Loan
	2,049,920	5.500%, 6/15/2018		2,047,870
	1,525,000	0.000%, 9/30/2023^b,c		1,515,469
		Scientific Games International, Inc., Term Loan
	3,025,230	6.000%, 10/18/2020		3,033,732
	650,075	6.000%, 10/1/2021		651,070
		Seminole Indian Tribe of Florida, Term Loan
	653,075	3.088%, 4/29/2020		654,708

		Total		20,000,720


Principal Amount		Bank Loans (2.6%)^a	Value
	Consumer Non-Cyclical (0.4%)
		Albertson’s, LLC, Term Loan
	$2,247,619	4.750%, 6/22/2023		$2,269,084
		CHS/Community Health Systems, Inc., Term Loan
	324,595	3.750%, 1/27/2021		318,333
	2,093,458	4.000%, 1/27/2021^b,c		2,053,682
		Endo Luxembourg Finance I Co Sarl, Term Loan
	1,642,587	3.750%, 9/26/2022		1,638,021
		JBS USA, LLC, Term Loan
	1,508,730	3.750%, 5/25/2018		1,506,210
		McGraw-Hill Global Education Holdings, LLC, Term Loan
	1,770,563	5.000%, 5/4/2022		1,779,858
		Ortho-Clinical Diagnostics, Inc., Term Loan
	2,325,321	4.750%, 6/30/2021		2,271,071
		Sterigenics-Nordion Holdings, LLC, Term Loan
	1,074,150	4.250%, 5/16/2022		1,076,835
		Valeant Pharmaceuticals International, Inc., Term Loan
	4,392,739	5.500%, 4/1/2022		4,404,161

		Total		17,317,255


	Energy (0.2%)
		Altice US Finance I Corporation, Term Loan
	1,054,360	4.250%, 12/14/2022		1,060,950
		Arch Coal, Inc., Term Loan
	2,618,289	7.500%, 5/16/2018^d		1,998,618
		Energy Solutions, LLC, Term Loan
	437,250	6.750%, 5/29/2020		435,064
		Expro Holdings UK 2, Ltd., Term Loan
	735,000	5.750%, 9/2/2021		613,497
		Fieldwood Energy, LLC, Term Loan
	879,760	3.875%, 10/1/2018		756,594
		Houston Fuel Oil Terminal, LLC, Term Loan
	1,837,549	4.250%, 8/19/2021		1,800,798
		McJunkin Red Man Corporation, Term Loan
	1,104,223	5.000%, 11/8/2019		1,075,701
		Pacific Drilling SA, Term Loan
	1,238,400	4.500%, 6/3/2018		341,179
		Targa Resources Partners, LP, Term Loan
	158,140	5.750%, 2/27/2022		158,140
		Western Refining, Inc., Term Loan
	982,537	5.500%, 6/23/2023		980,081

		Total		9,220,622


	Financials (0.2%)
		DJO Finance, LLC, Term Loan
	940,500	4.250%, 6/7/2020		922,865
		Harland Clarke Holdings Corporation, Term Loan
	895,011	7.000%, 5/22/2018		883,081
	984,750	7.000%, 12/31/2019		964,809
		MoneyGram International, Inc., Term Loan
	1,775,600	4.250%, 3/27/2020		1,717,893


Principal Amount		Bank Loans (2.6%)^a	Value
	Financials (0.2%) - continued
		WaveDivision Holdings, LLC, Term Loan
	$2,420,732	4.000%, 10/15/2019		$2,419,715

		Total		6,908,363


	Technology (0.2%)
		Avago Technoligies Cayman Finance, Ltd., Term Loan
	1,133,528	3.524%, 2/1/2023		1,146,439
		Dell International, LLC, Term Loan
	575,000	4.000%, 9/7/2023		578,237
		First Data Corporation, Term Loan
	1,932,706	4.525%, 3/24/2021		1,946,119
	1,640,000	4.275%, 7/8/2022		1,648,610
		JDA Software Group, Inc., Term Loan
	1,225,000	0.000%, 9/21/2023^b,c		1,225,306
		NXP BV, Term Loan
	916,501	3.405%, 12/7/2020^b,c		919,709
		SS&C European Holdings SARL, Term Loan
	70,938	4.000%, 7/8/2022		71,426
	570,833	4.000%, 7/8/2022		574,760
		Western Digital Corporation, Term Loan
	2,523,675	4.500%, 4/29/2023		2,547,347

		Total		10,657,953


	Transportation (0.1%)
		OSG Bulk Ships, Inc., Term Loan
	988,807	5.250%, 8/5/2019		985,099
		XPO Logistics, Inc., Term Loan
	2,377,067	4.250%, 10/30/2021		2,389,452

		Total		3,374,551


	Utilities (<0.1%)
		Calpine Corporation, Term Loan
	332,885	3.590%, 5/27/2022		333,604
		Intergen NV, Term Loan
	865,913	5.500%, 6/12/2020		813,958

		Total		1,147,562



		Total Bank Loans (cost $122,417,672)		121,013,265


Principal Amount		Long-Term Fixed Income (41.9%)	Value
	Asset-Backed Securities (1.7%)
		Access Group, Inc.
	1,017,479	1.024%, 2/25/2036^e,f		1,000,539
		Ares CLO, Ltd.
	2,800,000	1.957%, 10/12/2023^*,f		2,795,136
	1,500,000	2.297%, 11/15/2025^*,f		1,503,670
		BA Credit Card Trust
	1,100,000	0.904%, 6/15/2021^f		1,103,913
		Bayview Opportunity Master Fund Trust
	909,022	3.721%, 7/28/2035^e,g		908,378
		Betony CLO, Ltd.
	750,000	2.190%, 4/15/2027^*,f		749,924
		CAM Mortgage, LLC
	324,278	3.500%, 7/15/2064^*,g		324,271
		Capital One Multi-Asset Execution Trust
	1,350,000	0.904%, 1/18/2022^f		1,353,658


Principal Amount		Long-Term Fixed Income (41.9%)	Value
	Asset-Backed Securities (1.7%) - continued
		Chase Issuance Trust
	$850,000	1.590%, 2/18/2020		$855,120
	1,625,000	1.620%, 7/15/2020		1,638,538
	1,500,000	0.934%, 5/17/2021^f		1,506,431
		Chesapeake Funding II, LLC
	1,000,000	1.880%, 6/15/2028^e		1,003,749
		Chesapeake Funding, LLC
	620,800	0.969%, 1/7/2025^e,f		620,724
		Commonbond Student Loan Trust
	3,725,760	3.320%, 5/25/2040^e		3,754,582
		Countrywide Asset-Backed Certificates
	12,971	5.301%, 4/25/2047		12,939
		DRB Prime Student Loan Trust
	743,874	3.170%, 7/25/2031^*		762,476
	3,360,916	3.200%, 1/25/2040^*		3,446,305
		Earnest Student Loan Program
	2,556,056	3.020%, 5/25/2034^e		2,564,855
		Earnest Student Loan Program, LLC
	1,970,027	2.680%, 7/25/2035^e		1,964,087
		Edlinc Student Loan Funding Trust
	785,916	3.388%, 10/1/2025^*,f		792,863
		FirstEnergy Ohio PIRB Special Purpose Trust
	123,181	0.679%, 1/15/2019		122,932
		Ford Credit Auto Owner Trust
	810,000	2.260%, 11/15/2025^e		825,747
		GoldenTree Loan Opportunities IX, Ltd.
	825,000	2.262%, 10/29/2026^*,f		828,218
		Golub Capital Partners CLO 22B, Ltd.
	1,575,000	2.291%, 2/20/2027^*,f		1,574,095
		Golub Capital Partners CLO 23M, Ltd.
	800,000	2.263%, 5/5/2027^*,f		799,657
		Lehman XS Trust
	3,421,686	5.440%, 8/25/2035^g		3,005,773
		Marlette Funding Trust
	1,489,963	3.060%, 1/17/2023^*		1,491,666
		Morgan Stanley Bank of America Merrill Lynch Trust
	3,400,000	3.176%, 8/15/2045		3,608,111
	3,400,000	3.246%, 12/15/2047		3,617,985
		Morgan Stanley Capital, Inc.
	1,778,687	0.675%, 2/25/2037^f		1,064,126
		OneMain Financial Issuance Trust
	1,750,000	4.100%, 3/20/2028^e		1,801,200
		OZLM VIII, Ltd.
	825,000	2.119%, 10/17/2026^*,f		825,503
		Pretium Mortgage Credit Partners, LLC
	1,717,437	4.125%, 10/27/2030^*		1,726,512
		Race Point IX CLO, Ltd.
	1,925,000	2.190%, 4/15/2027^*,f		1,927,149
		Renaissance Home Equity Loan Trust
	2,032,082	6.011%, 5/25/2036^g		1,427,078
	2,389,373	5.580%, 11/25/2036^g		1,356,357
		SLM Student Loan Trust
	877,418	1.124%, 8/15/2022^e,f		878,781
	198,698	1.115%, 4/25/2023^e,f		198,657
	1,350,000	1.574%, 5/17/2027^e,f		1,361,113
		Sofi Consumer Loan Program, LLC
	1,403,657	3.260%, 8/25/2025^e		1,415,892
		SoFi Professional Loan Program, LLC
	1,546,846	2.420%, 3/25/2030^e		1,566,026


Principal Amount		Long-Term Fixed Income (41.9%)	Value
	Asset-Backed Securities (1.7%) - continued
		Sunset Mortgage Loan Company, LLC
	$1,236,866	4.459%, 9/18/2045^*,g		$1,235,552
	3,624,516	3.844%, 7/16/2047^*,g		3,625,404
		U.S. Small Business Administration
	366,215	3.191%, 3/10/2024		384,997
		Vericrest Opportunity Loan Transferee
	3,446,648	3.375%, 10/25/2058^*,g		3,439,791
	1,577,438	3.500%, 6/26/2045^e		1,577,536
	2,167,481	3.500%, 6/26/2045^e,g		2,168,004
	1,371,280	3.625%, 7/25/2045^e,g		1,373,456
	2,528,445	4.250%, 3/26/2046^e,g		2,558,767
	2,400,000	3.500%, 9/25/2046^e,g		2,400,000
	667,526	3.500%, 2/25/2055^*,g		668,026

		Total		79,516,269


	Basic Materials (0.2%)
		Albemarle Corporation
	230,000	3.000%, 12/1/2019		237,296
		Alcoa Netherlands Holding BV
	960,000	6.750%, 9/30/2024^e,h		997,200
		Anglo American plc
	1,777,000	3.625%, 5/14/2020^e,h		1,777,000
		ArcelorMittal SA
	1,300,000	6.500%, 3/1/2021^h		1,446,250
		First Quantum Minerals, Ltd.
	847,000	6.750%, 2/15/2020^e		783,475
	847,000	7.000%, 2/15/2021^e		758,065
		Georgia-Pacific, LLC
	535,000	2.539%, 11/15/2019^e		546,740
		Glencore Funding, LLC
	395,000	1.739%, 4/16/2018^e,f		390,556
	830,000	2.875%, 4/16/2020^e		823,360
		INEOS Group Holdings SA
	300,000	5.625%, 8/1/2024^e		294,375
		Novelis Corporation
	670,000	5.875%, 9/30/2026^e		685,913
		Westlake Chemical Corporation
	1,120,000	3.600%, 8/15/2026^e		1,123,176
		Yamana Gold, Inc.
	890,000	4.950%, 7/15/2024		919,351

		Total		10,782,757


	Capital Goods (0.8%)
		AECOM
	2,080,000	5.875%, 10/15/2024		2,220,400
		Aircastle, Ltd.
	1,915,000	5.000%, 4/1/2023		2,005,963
		Ball Corporation
	1,000,000	4.375%, 12/15/2020^h		1,067,500
		Building Materials Corporation of America
	1,575,000	6.000%, 10/15/2025^e		1,685,250
		Case New Holland, Inc.
	504,000	7.875%, 12/1/2017		535,500
		Cemex Finance, LLC
	2,030,000	9.375%, 10/12/2022^e		2,225,388
		CNH Industrial Capital, LLC
	800,000	4.375%, 11/6/2020^h		836,000
		CNH Industrial NV
	1,100,000	4.500%, 8/15/2023		1,109,350
		Crown Americas Capital Corporation IV
	1,450,000	4.500%, 1/15/2023		1,504,375


Principal Amount		Long-Term Fixed Income (41.9%)	Value
	Capital Goods (0.8%) - continued
		General Electric Company
	$1,422,000	5.000%, 12/29/2049ⁱ		$1,512,226
		HD Supply, Inc.
	1,955,000	5.750%, 4/15/2024^e		2,052,750
		Huntington Ingalls Industries, Inc.
	2,025,000	5.000%, 11/15/2025^e		2,141,438
		L-3 Communications Corporation
	1,056,000	3.950%, 5/28/2024		1,123,800
		Lockheed Martin Corporation
	892,000	2.500%, 11/23/2020		920,795
	1,024,000	4.500%, 5/15/2036		1,165,258
		Newell Rubbermaid, Inc.
	528,000	2.600%, 3/29/2019		539,848
	748,000	5.500%, 4/1/2046		907,400
		Northrop Grumman Corporation
	1,010,000	3.850%, 4/15/2045		1,047,960
		Owens-Brockway Glass Container, Inc.
	2,205,000	5.000%, 1/15/2022^e,h		2,338,667
		Pentair Finance SA
	1,100,000	2.900%, 9/15/2018		1,115,404
		Republic Services, Inc.
	850,000	2.900%, 7/1/2026		861,777
		Reynolds Group Issuer, Inc.
	3,220,000	5.125%, 7/15/2023^e		3,324,650
		Roper Industries, Inc.
	1,316,000	2.050%, 10/1/2018		1,329,910
		Standard Industries, Inc.
	675,000	5.500%, 2/15/2023^e		705,375
		Textron, Inc.
	680,000	5.600%, 12/1/2017		710,627
	825,000	7.250%, 10/1/2019		945,231
		United Rentals North America, Inc.
	2,900,000	5.500%, 7/15/2025		2,958,000
		Waste Management, Inc.
	260,000	3.125%, 3/1/2025		272,775

		Total		39,163,617


	Collateralized Mortgage Obligations (1.6%)
		Alm Loan Funding CLO
	825,000	2.109%, 10/17/2026^*,f		825,103
		Alternative Loan Trust
	1,491,058	6.000%, 6/25/2036		1,281,659
		Angel Oak Mortgage Trust I, LLC
	1,418,724	3.500%, 7/25/2046^*,g		1,417,166
		Apidos CLO XVIII
	825,000	2.114%, 7/22/2026^*,f		824,765
		Babson CLO, Ltd.
	825,000	2.069%, 10/17/2026^*,f		824,142
		BCAP, LLC Trust
	2,019,721	0.705%, 3/25/2037^f		1,880,091
		Birchwood Park CLO, Ltd.
	825,000	2.120%, 7/15/2026^*,f		825,483
		BlueMountain CLO, Ltd.
	825,000	2.160%, 10/15/2026^*,f		826,884
		Carlyle Global Market Strategies CLO, Ltd.
	825,000	1.996%, 7/20/2023^*,f		823,881
	825,000	2.180%, 10/15/2026^*,f		827,041
		Cent CLO 16, LP
	825,000	2.007%, 8/1/2024^*,f		824,484
		Cent CLO 22, Ltd.
	825,000	2.268%, 11/7/2026^*,f		824,537
		Citigroup Mortgage Loan Trust, Inc.
	467,499	5.500%, 11/25/2035		446,835


Principal Amount		Long-Term Fixed Income (41.9%)	Value
	Collateralized Mortgage Obligations (1.6%) - continued
		CitiMortgage Alternative Loan Trust
	$1,555,394	5.750%, 4/25/2037		$1,334,917
		Countrywide Alternative Loan Trust
	1,944,475	3.031%, 10/25/2035		1,582,020
	943,930	6.500%, 8/25/2036		643,471
	299,868	6.000%, 1/25/2037		287,014
	3,124,951	5.500%, 5/25/2037		2,566,575
	2,065,324	7.000%, 10/25/2037		1,280,699
		Countrywide Home Loans, Inc.
	565,489	5.750%, 4/25/2037		481,282
		Deutsche Alt-A Securities Mortgage Loan Trust
	432,644	6.000%, 10/25/2021		386,589
		Dryden 34 Senior Loan Fund CLO
	825,000	2.110%, 10/15/2026^*,f		825,194
		Federal Home Loan Mortgage Corporation
	6,859,072	3.000%, 4/15/2028^j		649,961
	6,010,021	4.000%, 7/15/2031^j		549,438
	4,993,125	3.000%, 2/15/2033^j		579,637
		Federal National Mortgage Association
	9,949,109	3.500%, 1/25/2033^j		1,283,462
		Galaxy XX CLO, Ltd.
	2,650,000	2.146%, 7/20/2027^*,f		2,644,839
		Greenpoint Mortgage Funding Trust
	1,175,684	0.724%, 10/25/2045^f		921,333
		IndyMac INDX Mortgage Loan Trust
	2,117,363	1.165%, 7/25/2045^f		1,769,456
		J.P. Morgan Mortgage Trust
	146,131	3.069%, 10/25/2036		132,011
	2,371,257	0.905%, 1/25/2037^f		1,254,409
	2,682,310	6.250%, 8/25/2037		2,019,955
		Limerock CLO III, LLC
	2,500,000	2.226%, 10/20/2026^*,f		2,497,923
		Madison Park Funding XIV CLO, Ltd.
	900,000	2.146%, 7/20/2026^*,f		901,060
		Madison Park Funding, Ltd.
	2,975,000	2.107%, 8/15/2022^*,f		2,971,092
		Magnetite XII, Ltd.
	2,600,000	2.180%, 4/15/2027^*,f		2,599,746
		MASTR Alternative Loans Trust
	402,602	6.500%, 7/25/2034		400,154
	1,716,678	0.975%, 12/25/2035^f		801,007
		Merrill Lynch Alternative Note Asset Trust
	372,778	6.000%, 3/25/2037		296,494
		Mountain View CLO, Ltd.
	2,625,000	2.140%, 7/15/2027^*,f		2,615,309
		Neuberger Berman CLO, Ltd.
	700,000	2.238%, 8/4/2025^*,f		702,043
		NZCG Funding CLO, Ltd.
	2,650,000	2.284%, 4/27/2027^*,f		2,653,352
		Octagon Investment Partners XX CLO, Ltd.
	825,000	2.258%, 8/12/2026^*,f		825,114
		OHA Loan Funding, Ltd.
	2,500,000	2.226%, 10/20/2026^*,f		2,515,333
		Residential Accredit Loans, Inc. Trust
	646,048	5.750%, 9/25/2035		578,817
		Residential Asset Securitization Trust
	2,809,574	0.905%, 8/25/2037^f		756,494
		Sequoia Mortgage Trust
	2,487,497	3.702%, 9/20/2046		2,006,188


Principal Amount		Long-Term Fixed Income (41.9%)	Value
	Collateralized Mortgage Obligations (1.6%) - continued
		Shackleton VII CLO, Ltd.
	$2,650,000	2.220%, 4/15/2027^*,f		$2,654,055
		Symphony CLO VIII, Ltd.
	768,530	1.574%, 1/9/2023^*,f		767,842
		Symphony CLO XV, Ltd.
	2,500,000	2.129%, 10/17/2026^*,f		2,504,258
		Voya CLO 3, Ltd.
	825,000	2.135%, 7/25/2026^*,f		825,514
		WaMu Mortgage Pass Through Certificates
	372,486	2.791%, 9/25/2036		337,279
	351,240	2.575%, 10/25/2036		305,993
	1,169,220	2.237%, 11/25/2036		1,036,199
	1,780,474	2.026%, 1/25/2037		1,507,911
	3,471,586	1.467%, 9/25/2046^f		2,850,919
		Washington Mutual Mortgage Pass Through Certificates Trust
	2,316,237	7.000%, 2/25/2036		1,727,868
	3,267,048	1.257%, 2/25/2047^f		2,433,837

		Total		73,716,134


	Commercial Mortgage-Backed Securities (0.8%)
		Citigroup Commercial Mortgage Trust
	1,433,733	1.102%, 11/10/2046		1,431,426
		Commercial Mortgage Pass-Through Certificates
	2,340,000	1.567%, 6/8/2030^e,f		2,343,671
		Credit Suisse First Boston Mortgage Securities
	226,002	5.542%, 1/15/2049		226,010
		Federal National Mortgage Association
	134,125	1.272%, 1/25/2017		134,050
		Greenwich Capital Commercial Funding Corporation
	3,100,000	5.867%, 12/10/2049		3,199,654
		GS Mortgage Securities Trust
	4,000,000	3.666%, 9/10/2047		4,344,756
		J.P. Morgan Chase Commercial Mortgage Securities Corporation
	1,750,000	3.507%, 5/15/2045		1,883,096
	2,300,000	5.881%, 2/12/2049		2,339,690
		JPMBB Commercial Mortgage Securities Trust
	2,850,000	3.231%, 1/15/2048		3,014,188
		Morgan Stanley Capital, Inc.
	4,150,000	5.406%, 3/15/2044		4,182,212
		SCG Trust
	700,000	1.924%, 11/15/2026^e,f		694,701
		UBS Commercial Mortgage Trust
	5,075,023	3.400%, 5/10/2045		5,413,728
		Wells Fargo Commercial Mortgage Trust
	2,500,000	3.617%, 9/15/2057		2,700,654
	2,250,000	3.839%, 9/15/2058		2,469,565
		WFRBS Commercial Mortgage Trust
	2,800,000	2.870%, 11/15/2045		2,934,862

		Total		37,312,263


	Communications Services (1.9%)
		21st Century Fox America, Inc.
	1,140,000	6.900%, 3/1/2019		1,281,742
		Altice Financing SA
	1,675,000	6.625%, 2/15/2023^e		1,718,969


Principal Amount		Long-Term Fixed Income (41.9%)	Value
	Communications Services (1.9%) - continued
		Altice US Finance I Corporation
	$2,295,000	5.500%, 5/15/2026^e		$2,358,113
		AMC Networks, Inc.
	3,035,000	5.000%, 4/1/2024		3,053,969
		America Movil SAB de CV
	829,000	5.000%, 10/16/2019		906,220
		American Tower Corporation
	105,000	2.800%, 6/1/2020		107,707
	1,280,000	3.300%, 2/15/2021		1,338,092
	700,000	3.450%, 9/15/2021		736,720
		AT&T, Inc.
	600,000	5.875%, 10/1/2019		671,284
	360,000	1.768%, 6/30/2020^f		363,112
	963,000	3.875%, 8/15/2021		1,039,501
	805,000	3.000%, 6/30/2022		827,627
	1,792,000	6.350%, 3/15/2040		2,253,071
	950,000	5.550%, 8/15/2041		1,084,321
	1,000,000	5.150%, 3/15/2042		1,085,048
	546,000	4.750%, 5/15/2046		571,364
		British Sky Broadcasting Group plc
	880,000	2.625%, 9/16/2019^e		894,770
		CCO Holdings, LLC
	2,100,000	5.875%, 4/1/2024^e		2,240,490
		CenturyLink, Inc.
	1,630,000	6.450%, 6/15/2021		1,746,137
	395,000	7.500%, 4/1/2024^h		421,663
		Charter Communications Operating, LLC
	1,010,000	6.834%, 10/23/2055^e		1,214,269
	630,000	3.579%, 7/23/2020^e		658,475
	1,070,000	4.908%, 7/23/2025^e		1,180,269
		Clear Channel Worldwide Holdings, Inc.
	2,240,000	6.500%, 11/15/2022		2,332,400
		Columbus International, Inc.
	2,015,000	7.375%, 3/30/2021^e		2,137,109
		Comcast Corporation
	875,000	2.750%, 3/1/2023		906,667
	2,190,000	4.400%, 8/15/2035		2,480,495
	418,000	4.650%, 7/15/2042		483,042
	1,552,000	4.750%, 3/1/2044		1,826,052
		Cox Communications, Inc.
	476,000	9.375%, 1/15/2019^e		550,234
		Crown Castle International Corporation
	1,183,000	3.400%, 2/15/2021		1,238,062
	2,062,000	5.250%, 1/15/2023		2,334,885
	500,000	3.700%, 6/15/2026		521,700
		CSC Holdings, LLC
	245,000	5.500%, 4/15/2027^e		250,513
		Digicel, Ltd.
	2,725,000	6.000%, 4/15/2021^*		2,407,265
		Dish DBS Corporation
	1,905,000	5.875%, 7/15/2022		1,957,826
		FairPoint Communications, Inc.
	1,565,000	8.750%, 8/15/2019^e		1,596,300
		Frontier Communications Corporation
	2,270,000	8.875%, 9/15/2020		2,448,763
		Gray Television, Inc.
	2,245,000	5.125%, 10/15/2024^e		2,202,906
		Hughes Satellite Systems Corporation
	1,350,000	6.500%, 6/15/2019		1,476,562


Principal Amount		Long-Term Fixed Income (41.9%)	Value
	Communications Services (1.9%) - continued
		Level 3 Communications, Inc.
	$2,080,000	5.375%, 1/15/2024		$2,167,100
		Level 3 Financing, Inc.
	700,000	5.375%, 5/1/2025		729,750
		Neptune Finco Corporation
	1,330,000	10.875%, 10/15/2025^e		1,556,100
		Omnicom Group, Inc.
	530,000	3.600%, 4/15/2026		560,149
		Quebecor Media, Inc.
	1,375,000	5.750%, 1/15/2023		1,430,000
		S&P Global, Inc.
	1,024,000	3.300%, 8/14/2020		1,074,924
		SES Global Americas Holdings GP
	620,000	2.500%, 3/25/2019^e		621,828
		SFR Group SA
	2,455,000	6.000%, 5/15/2022^e		2,504,100
		Sprint Communications, Inc.
	1,350,000	9.000%, 11/15/2018^e		1,490,062
		Sprint Corporation
	1,405,000	7.625%, 2/15/2025		1,390,950
		Telefonica Emisiones SAU
	858,000	3.192%, 4/27/2018		878,249
		Time Warner Entertainment Company, LP
	1,341,000	8.375%, 3/15/2023		1,742,333
		Time Warner, Inc.
	560,000	3.600%, 7/15/2025		595,674
	780,000	6.250%, 3/29/2041		1,004,787
		T-Mobile USA, Inc.
	2,520,000	6.125%, 1/15/2022		2,677,500
		Unitymedia Hessen GmbH & Company KG
	875,000	5.500%, 1/15/2023^e		907,812
		Univision Communications, Inc.
	970,000	5.125%, 5/15/2023^e		982,125
	500,000	5.125%, 2/15/2025^e		503,125
		Verizon Communications, Inc.
	590,000	1.627%, 6/17/2019^f		595,787
	1,655,000	3.000%, 11/1/2021		1,731,714
	2,304,000	5.150%, 9/15/2023		2,683,992
	508,000	5.050%, 3/15/2034		570,978
	859,000	4.272%, 1/15/2036		894,996
	1,796,000	4.522%, 9/15/2048		1,898,966
		Viacom, Inc.
	1,400,000	4.375%, 3/15/2043		1,285,287

		Total		87,382,002


	Consumer Cyclical (1.4%)
		AmeriGas Finance, LLC
	2,000,000	5.625%, 5/20/2024		2,120,000
		Automatic Data Processing, Inc.
	375,000	3.375%, 9/15/2025		409,299
		Cinemark USA, Inc.
	2,695,000	4.875%, 6/1/2023		2,708,475
		CVS Health Corporation
	235,000	2.250%, 8/12/2019		239,419
	1,900,000	4.875%, 7/20/2035		2,226,574
	875,000	5.125%, 7/20/2045		1,070,689
		Delphi Automotive plc
	1,280,000	3.150%, 11/19/2020		1,325,353
		eBay, Inc.
	520,000	2.500%, 3/9/2018		527,354
		Ford Motor Company
	515,000	7.450%, 7/16/2031		681,188


Principal Amount		Long-Term Fixed Income (41.9%)	Value
	Consumer Cyclical (1.4%) - continued
		Ford Motor Credit Company, LLC
	$1,150,000	5.000%, 5/15/2018		$1,207,102
	950,000	2.551%, 10/5/2018		963,934
	1,000,000	2.943%, 1/8/2019		1,024,194
		General Motors Company
	500,000	6.600%, 4/1/2036		601,591
	992,000	6.250%, 10/2/2043		1,170,798
		General Motors Financial Company, Inc.
	770,000	3.700%, 11/24/2020		801,287
	512,000	4.200%, 3/1/2021		538,809
	1,240,000	4.300%, 7/13/2025		1,277,526
		GLP Capital, LP
	1,390,000	4.375%, 4/15/2021^h		1,462,975
		Goodyear Tire & Rubber Company
	2,325,000	5.125%, 11/15/2023		2,423,812
		Home Depot, Inc.
	536,000	2.625%, 6/1/2022		556,593
	640,000	3.000%, 4/1/2026		677,070
	840,000	4.250%, 4/1/2046		970,027
		Hyundai Capital America
	768,000	2.400%, 10/30/2018^e		778,668
	768,000	3.000%, 10/30/2020^e		795,844
		Jaguar Land Rover Automotive plc
	1,500,000	5.625%, 2/1/2023^e		1,571,250
		KB Home
	1,141,000	4.750%, 5/15/2019		1,165,246
		L Brands, Inc.
	1,500,000	5.625%, 2/15/2022		1,676,250
		Lear Corporation
	1,400,000	5.250%, 1/15/2025		1,515,500
		Lennar Corporation
	1,500,000	4.125%, 12/1/2018		1,541,250
	1,485,000	4.875%, 12/15/2023		1,522,125
		Live Nation Entertainment, Inc.
	3,170,000	5.375%, 6/15/2022^e		3,273,025
		McDonald’s Corporation
	730,000	2.750%, 12/9/2020		757,491
		MGM Resorts International
	2,115,000	6.000%, 3/15/2023		2,294,775
		MGP Escrow Issuer, LLC
	1,738,000	5.625%, 5/1/2024^e		1,885,209
		PulteGroup, Inc.
	3,165,000	4.250%, 3/1/2021		3,323,250
		Rite Aid Corporation
	1,985,000	6.375%, 4/1/2023^e		2,142,152
		Schaeffler Verwaltung Zwei GmbH
	2,245,000	4.500%, 9/15/2023^e		2,266,036
		Six Flags Entertainment Corporation
	1,935,000	5.250%, 1/15/2021^e		1,997,887
		Time Warner, Inc.
	1,120,000	7.625%, 4/15/2031		1,587,908
		Toll Brothers Finance Corporation
	580,000	8.910%, 10/15/2017		620,600
	432,000	4.000%, 12/31/2018		447,660
		West Corporation
	2,420,000	5.375%, 7/15/2022^e		2,371,600
		Yum! Brands, Inc.
	3,155,000	5.000%, 6/1/2024^e		3,296,975
		ZF North America Capital, Inc.
	2,175,000	4.500%, 4/29/2022^e		2,306,326

		Total		64,121,096


Principal Amount		Long-Term Fixed Income (41.9%)	Value
	Consumer Non-Cyclical (2.0%)
		AbbVie, Inc.
	$920,000	2.500%, 5/14/2020		$937,916
	1,320,000	3.600%, 5/14/2025		1,379,747
	1,395,000	4.450%, 5/14/2046		1,456,924
		Actavis Funding SCS
	1,620,000	4.550%, 3/15/2035		1,720,761
	840,000	4.850%, 6/15/2044		923,962
		Altria Group, Inc.
	560,000	2.850%, 8/9/2022		584,719
	700,000	2.625%, 9/16/2026		707,755
		Amgen, Inc.
	512,000	2.700%, 5/1/2022		528,203
	475,000	3.125%, 5/1/2025		491,652
		Anheuser-Busch InBev Finance, Inc.
	550,000	2.017%, 2/1/2021^f		564,486
	2,949,000	3.650%, 2/1/2026		3,167,226
	2,560,000	4.700%, 2/1/2036		2,943,419
	1,320,000	4.900%, 2/1/2046		1,570,511
		Aramark Services, Inc.
	1,380,000	4.750%, 6/1/2026^e		1,386,900
		B&G Foods, Inc.
	1,055,000	4.625%, 6/1/2021		1,086,650
		BAT International Finance plc
	480,000	1.360%, 6/15/2018^e,f		481,546
		Baxter International, Inc.
	700,000	2.600%, 8/15/2026		691,916
		Becton, Dickinson and Company
	1,331,000	6.375%, 8/1/2019		1,501,855
		Biogen, Inc.
	810,000	3.625%, 9/15/2022		867,587
		Boston Scientific Corporation
	435,000	6.000%, 1/15/2020		491,411
	525,000	3.850%, 5/15/2025		558,642
	840,000	7.375%, 1/15/2040		1,143,245
		BRF SA
	642,000	4.750%, 5/22/2024^e		656,445
		Bunge Limited Finance Corporation
	762,000	8.500%, 6/15/2019		892,876
	590,000	3.500%, 11/24/2020		617,087
		Cardinal Health, Inc.
	260,000	1.950%, 6/15/2018		262,457
	402,000	4.900%, 9/15/2045		473,466
		Celgene Corporation
	1,185,000	2.875%, 8/15/2020		1,225,862
	260,000	3.550%, 8/15/2022		276,245
	1,185,000	5.000%, 8/15/2045		1,334,212
		Church & Dwight Company, Inc.
	310,000	2.450%, 12/15/2019		315,951
		Cigna Corporation
	775,000	5.375%, 2/15/2042		936,772
		ConAgra Foods, Inc.
	396,000	7.125%, 10/1/2026		511,251
		EMD Finance, LLC
	515,000	1.207%, 3/17/2017^e,f		515,220
	1,128,000	2.950%, 3/19/2022^e		1,162,835
		Endo Finance, LLC
	750,000	6.500%, 2/1/2025^e,g		662,812
		Energizer Holdings, Inc.
	1,900,000	5.500%, 6/15/2025^e		1,957,000
		Envision Healthcare Corporation
	2,205,000	5.125%, 7/1/2022^e		2,193,975
		Express Scripts Holding Company
	512,000	3.900%, 2/15/2022		552,449
	1,240,000	4.500%, 2/25/2026		1,360,074
	223,000	3.400%, 3/1/2027		224,266


Principal Amount		Long-Term Fixed Income (41.9%)	Value
	Consumer Non-Cyclical (2.0%) - continued
		Fresenius Medical Care US Finance II, Inc.
	$1,500,000	5.875%, 1/31/2022^e		$1,698,750
		Gilead Sciences, Inc.
	260,000	2.550%, 9/1/2020		268,554
	1,400,000	2.950%, 3/1/2027		1,414,727
	840,000	4.150%, 3/1/2047		858,556
		Grifols Worldwide Operations, Ltd.
	2,235,000	5.250%, 4/1/2022		2,313,225
		H.J. Heinz Company
	1,000,000	3.500%, 7/15/2022		1,062,681
		HCA, Inc.
	200,000	4.750%, 5/1/2023		208,500
	1,070,000	5.250%, 6/15/2026		1,136,875
	2,010,000	4.500%, 2/15/2027		2,022,562
		Imperial Tobacco Finance plc
	1,250,000	2.950%, 7/21/2020^e		1,290,584
		JBS USA, LLC
	1,450,000	5.750%, 6/15/2025^e		1,424,625
		Kraft Foods Group, Inc.
	1,056,000	5.000%, 6/4/2042		1,213,329
		Laboratory Corporation of America Holdings
	360,000	2.625%, 2/1/2020		366,802
		LifePoint Health, Inc.
	1,500,000	5.500%, 12/1/2021		1,563,750
	580,000	5.375%, 5/1/2024^e		580,000
		McKesson Corporation
	650,000	4.883%, 3/15/2044		764,106
		Mead Johnson Nutrition Company
	512,000	3.000%, 11/15/2020		533,255
		Medtronic plc
	2,570,000	4.375%, 3/15/2035		2,912,278
		Merck & Company, Inc.
	385,000	1.182%, 2/10/2020^f		386,517
	260,000	3.700%, 2/10/2045		275,208
		Mondelez International, Inc.
	418,000	1.277%, 2/1/2019^f		417,885
		Mylan NV
	1,020,000	3.000%, 12/15/2018^e		1,042,488
	400,000	3.750%, 12/15/2020^e		417,750
	1,325,000	3.150%, 6/15/2021^e		1,349,876
		PepsiCo, Inc.
	1,032,000	2.850%, 2/24/2026		1,081,486
		Pernod Ricard SA
	850,000	3.250%, 6/8/2026^e		863,415
		Perrigo Finance Unlimited Company
	1,605,000	3.500%, 3/15/2021		1,659,987
		Quintiles Transnational Holdings, Inc.
	500,000	4.875%, 5/15/2023^e		513,750
		Reynolds American, Inc.
	604,000	2.300%, 8/21/2017		609,155
	1,563,000	5.700%, 8/15/2035		1,931,846
		Roche Holdings, Inc.
	768,000	4.000%, 11/28/2044^e		874,267
		SABMiller Holdings, Inc.
	536,000	3.750%, 1/15/2022^e		580,305
		Safeway, Inc.
	58,000	3.400%, 12/1/2016		57,884
		Shire Acquisitions Investments Ireland Designated Activity Company
	840,000	2.400%, 9/23/2021		841,058
	840,000	3.200%, 9/23/2026		844,518


Principal Amount		Long-Term Fixed Income (41.9%)	Value
	Consumer Non-Cyclical (2.0%) - continued
		Spectrum Brands, Inc.
	$1,065,000	5.750%, 7/15/2025		$1,150,200
		Teleflex, Inc.
	560,000	4.875%, 6/1/2026		579,600
		Tenet Healthcare Corporation
	2,500,000	8.125%, 4/1/2022		2,500,000
		Teva Pharmaceutical Finance Netherlands III BV
	1,150,000	2.200%, 7/21/2021		1,145,663
	700,000	2.800%, 7/21/2023		701,796
	520,000	4.100%, 10/1/2046		517,534
		Thermo Fisher Scientific, Inc.
	396,000	3.000%, 4/15/2023		405,553
		TreeHouse Foods, Inc.
	970,000	4.875%, 3/15/2022		1,003,950
		UnitedHealth Group, Inc.
	2,470,000	4.625%, 7/15/2035		2,868,337
		VRX Escrow Corporation
	3,245,000	6.125%, 4/15/2025^e		2,794,756

		Total		90,366,231


	Energy (1.1%)
		Anadarko Petroleum Corporation
	755,000	4.850%, 3/15/2021		810,506
		Antero Resources Corporation
	1,775,000	5.125%, 12/1/2022		1,788,312
		Apache Corporation
	1,125,000	4.750%, 4/15/2043		1,149,481
		Boardwalk Pipelines, LP
	888,000	5.875%, 11/15/2016		892,117
	525,000	5.950%, 6/1/2026		580,423
		BP Capital Markets plc
	1,003,000	3.062%, 3/17/2022		1,050,656
	1,560,000	3.535%, 11/4/2024		1,657,247
	285,000	3.119%, 5/4/2026		291,243
		Buckeye Partners, LP
	846,000	2.650%, 11/15/2018		854,459
		Canadian Natural Resources, Ltd.
	1,005,000	3.450%, 11/15/2021		1,034,434
		CNOOC Nexen Finance
	762,000	1.625%, 4/30/2017		762,579
		CNPC General Capital, Ltd.
	446,000	2.750%, 4/19/2017^e		449,106
		Columbia Pipeline Group, Inc.
	995,000	2.450%, 6/1/2018		1,000,924
		Concho Resources, Inc.
	1,310,000	6.500%, 1/15/2022		1,359,125
	1,412,019	5.500%, 10/1/2022		1,464,970
		ConocoPhillips Company
	660,000	4.200%, 3/15/2021^h		714,352
		Contura Energy, Inc.
	530,000	10.000%, 8/1/2021^e		545,900
		Crestwood Midstream Partners, LP
	850,000	6.125%, 3/1/2022		858,500
		Devon Energy Corporation
	765,000	3.250%, 5/15/2022		759,531
	512,000	5.850%, 12/15/2025^h		576,194
		Ecopetrol SA
	460,000	5.875%, 9/18/2023		496,225
		Enbridge Energy Partners, LP
	560,000	4.375%, 10/15/2020		590,601
		Enbridge, Inc.
	400,000	1.289%, 6/2/2017^f,h		399,171
		Energy Transfer Partners, LP
	1,120,000	4.650%, 6/1/2021		1,189,690


Principal Amount		Long-Term Fixed Income (41.9%)	Value
	Energy (1.1%) - continued
	$765,000	4.900%, 3/15/2035		$706,144
		EnLink Midstream Partners, LP
	575,000	4.150%, 6/1/2025		550,445
	420,000	4.850%, 7/15/2026		422,636
		Enterprise Products Operating, LLC
	758,000	5.100%, 2/15/2045		815,202
		EQT Corporation
	500,000	5.150%, 3/1/2018		520,575
	754,000	8.125%, 6/1/2019		861,859
		Exxon Mobil Corporation
	420,000	4.114%, 3/1/2046		469,473
		Magellan Midstream Partners, LP
	750,000	5.000%, 3/1/2026		854,440
		Marathon Oil Corporation
	840,000	2.700%, 6/1/2020		823,311
		Marathon Petroleum Corporation
	375,000	3.400%, 12/15/2020		389,714
	470,000	4.750%, 9/15/2044		420,801
		MEG Energy Corporation
	1,500,000	6.500%, 3/15/2021^e		1,224,375
		MPLX, LP
	2,725,000	4.875%, 12/1/2024		2,818,538
	1,120,000	4.875%, 6/1/2025		1,157,276
		Newfield Exploration Company
	1,960,000	5.625%, 7/1/2024		2,009,000
		Noble Energy, Inc.
	724,000	5.625%, 5/1/2021		754,207
		Petrobras Global Finance BV
	340,000	8.375%, 5/23/2021		371,450
		Petrobras International Finance Company
	560,000	5.750%, 1/20/2020		577,080
		Petroleos Mexicanos
	737,000	5.500%, 2/4/2019^e		777,167
	414,000	2.378%, 4/15/2025		423,738
		Pioneer Natural Resources Company
	278,000	3.450%, 1/15/2021		289,082
	500,000	4.450%, 1/15/2026		542,257
		Regency Energy Partners, LP
	1,450,000	5.000%, 10/1/2022		1,530,398
		Rice Energy, Inc.
	1,790,000	6.250%, 5/1/2022		1,848,175
		Sabine Pass Liquefaction, LLC
	1,440,000	5.625%, 3/1/2025		1,548,000
		Schlumberger Holdings Corporation
	375,000	3.000%, 12/21/2020^e		391,025
	700,000	4.000%, 12/21/2025^e		761,583
		Shell International Finance BV
	360,000	1.266%, 5/11/2020^f		360,414
		Suncor Energy, Inc.
	780,000	3.600%, 12/1/2024		817,599
		Sunoco Logistics Partners Operations, LP
	1,730,000	4.400%, 4/1/2021		1,855,837
		Targa Resources Partners, LP
	1,215,000	6.625%, 10/1/2020		1,256,006
		Valero Energy Corporation
	1,400,000	3.400%, 9/15/2026		1,390,672
		Weatherford International, Ltd.
	2,120,000	8.250%, 6/15/2023^h		2,093,500

		Total		52,907,725


	Financials (3.5%)
		ABN AMRO Bank NV
	1,050,000	4.750%, 7/28/2025^e		1,102,832


Principal Amount		Long-Term Fixed Income (41.9%)	Value
	Financials (3.5%) - continued
		ACE INA Holdings, Inc.
	$737,000	4.350%, 11/3/2045		$851,880
		AerCap Ireland Capital, Ltd.
	550,000	3.750%, 5/15/2019		561,688
	560,000	4.625%, 10/30/2020		588,000
	2,080,000	5.000%, 10/1/2021		2,220,400
	560,000	4.625%, 7/1/2022		588,700
		Aetna, Inc.
	805,000	2.400%, 6/15/2021		814,321
	1,100,000	2.800%, 6/15/2023		1,123,253
	535,000	3.200%, 6/15/2026		543,948
	800,000	4.250%, 6/15/2036		828,597
		Air Lease Corporation
	625,000	2.125%, 1/15/2018		628,125
	198,000	2.625%, 9/4/2018		199,799
		Ally Financial, Inc.
	960,000	3.750%, 11/18/2019		975,600
	1,050,000	4.125%, 3/30/2020		1,068,375
		American Express Credit Corporation
	590,000	1.407%, 3/18/2019^f		590,995
		American International Group, Inc.
	320,000	3.300%, 3/1/2021		335,744
	768,000	4.125%, 2/15/2024		827,535
	360,000	3.900%, 4/1/2026		380,859
		Aon plc
	384,000	3.875%, 12/15/2025		410,029
		Argos Merger Sub, Inc.
	1,975,000	7.125%, 3/15/2023^e,h		2,068,813
		Avalonbay Communities, Inc.
	1,125,000	3.500%, 11/15/2025		1,175,640
		Banco Santander Chile
	710,000	1.565%, 4/11/2017^e,f		710,568
		Bank of America Corporation
	800,000	1.936%, 3/22/2018^f		806,034
	500,000	1.516%, 4/1/2019^f		503,002
	800,000	2.625%, 10/19/2020		816,394
	1,065,000	3.300%, 1/11/2023		1,102,454
	1,056,000	4.000%, 4/1/2024		1,137,958
	1,055,000	4.000%, 1/22/2025		1,093,387
	795,000	3.500%, 4/19/2026		826,172
	1,322,000	5.875%, 2/7/2042		1,723,497
	1,056,000	8.000%, 7/29/2049ⁱ		1,077,120
		Bank of New York Mellon Corporation
	1,280,000	2.500%, 4/15/2021		1,315,471
		Bank of Tokyo-Mitsubishi UFJ, Ltd.
	315,000	2.850%, 9/8/2021^e		324,890
		Barclays Bank plc
	264,000	10.179%, 6/12/2021^e		337,390
		Barclays plc
	780,000	2.750%, 11/8/2019		785,751
	1,039,000	3.650%, 3/16/2025		1,025,092
		BB&T Corporation
	325,000	1.395%, 1/15/2020^f		325,903
		Berkshire Hathaway, Inc.
	640,000	2.750%, 3/15/2023		665,078
		BPCE SA
	762,000	5.700%, 10/22/2023^e		829,339
		Caisse Centrale Desjardins du Quebec
	455,000	1.417%, 1/29/2018^e,f		454,439
		Capital One Financial Corporation
	635,000	2.450%, 4/24/2019		648,836
		Centene Escrow Corporation
	2,100,000	5.625%, 2/15/2021		2,226,000


Principal Amount		Long-Term Fixed Income (41.9%)	Value
	Financials (3.5%) - continued
		CIT Group, Inc.
	$2,075,000	5.000%, 8/15/2022		$2,204,688
		Citigroup, Inc.
	415,000	1.431%, 4/8/2019^f		415,560
	1,075,000	2.700%, 3/30/2021		1,098,331
	690,000	4.050%, 7/30/2022		733,277
	1,990,000	4.400%, 6/10/2025		2,106,994
	840,000	4.125%, 7/25/2028		853,968
	2,050,000	4.650%, 7/30/2045		2,313,714
		Citizens Bank NA
	1,220,000	2.300%, 12/3/2018		1,234,096
		CoBank ACB
	395,000	1.450%, 6/15/2022^f		374,703
		Compass Bank
	750,000	2.750%, 9/29/2019		749,042
		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA
	650,000	3.950%, 11/9/2022		681,380
		Credit Agricole SA
	485,000	1.480%, 4/15/2019^e,f		485,971
		Credit Suisse AG
	512,000	5.400%, 1/14/2020		559,650
		Credit Suisse Group Funding, Ltd.
	1,536,000	2.750%, 3/26/2020		1,541,591
	1,024,000	3.750%, 3/26/2025		1,017,386
		CyrusOne, LP
	1,500,000	6.375%, 11/15/2022		1,588,593
		Deutsche Bank AG
	1,630,000	3.375%, 5/12/2021		1,594,468
		Digital Realty Trust LP
	1,125,000	3.400%, 10/1/2020		1,172,427
		Discover Bank
	1,135,000	8.700%, 11/18/2019		1,309,331
		Discover Financial Services
	526,000	6.450%, 6/12/2017		542,822
		DRB Prime Student Loan Trust
	2,258,103	2.425%, 10/27/2031^*,f		2,299,204
		Duke Realty, LP
	260,000	3.875%, 2/15/2021		277,448
	780,000	4.375%, 6/15/2022		853,190
		ERP Operating, LP
	267,000	3.375%, 6/1/2025		278,693
		European Investment Bank
	755,000	1.875%, 3/15/2019		769,234
		Fifth Third Bancorp
	755,000	5.450%, 1/15/2017		763,494
	548,000	2.875%, 7/27/2020		568,139
	310,000	2.875%, 10/1/2021		324,267
		GE Capital International Funding Company
	2,052,000	4.418%, 11/15/2035		2,303,093
		Genworth Financial, Inc.
	420,000	7.700%, 6/15/2020		416,850
		Goldman Sachs Group, Inc.
	1,170,000	1.952%, 4/30/2018^f		1,180,614
	430,000	1.917%, 11/15/2018^f		433,470
	2,150,000	5.375%, 3/15/2020		2,380,777
	460,000	1.875%, 4/23/2020^f		462,855
	2,048,000	5.250%, 7/27/2021		2,312,112
	1,400,000	2.350%, 11/15/2021		1,396,752
	512,000	3.500%, 1/23/2025		529,502
	800,000	4.750%, 10/21/2045		897,802
		Hartford Financial Services Group, Inc.
	1,250,000	5.125%, 4/15/2022		1,419,970


Principal Amount		Long-Term Fixed Income (41.9%)	Value
	Financials (3.5%) - continued
		HBOS plc
	$1,384,000	6.750%, 5/21/2018^e		$1,479,210
		HCP, Inc.
	1,630,000	4.000%, 12/1/2022		1,722,550
	520,000	3.400%, 2/1/2025		513,593
		HSBC Bank plc
	1,065,000	1.457%, 5/15/2018^e,f		1,065,920
		HSBC Holdings plc
	1,080,000	3.400%, 3/8/2021		1,117,002
	925,000	2.650%, 1/5/2022^c		921,852
	850,000	3.600%, 5/25/2023		877,877
	1,040,000	3.900%, 5/25/2026		1,077,466
	1,075,000	6.875%, 12/29/2049ⁱ		1,118,000
		Huntington Bancshares, Inc.
	282,000	2.600%, 8/2/2018		286,570
		Huntington National Bank
	720,000	2.200%, 11/6/2018		728,991
		Icahn Enterprises, LP
	1,145,000	6.000%, 8/1/2020		1,150,725
		ING Capital Funding Trust III
	825,000	4.438%, 12/29/2049^f,i		819,844
		Intesa Sanpaolo SPA
	1,000,000	5.250%, 1/12/2024		1,078,723
		J.P. Morgan Chase & Company
	980,000	6.300%, 4/23/2019		1,091,721
	365,000	2.250%, 1/23/2020		369,795
	670,000	2.295%, 8/15/2021		671,457
	1,220,000	4.500%, 1/24/2022		1,350,919
	768,000	3.200%, 1/25/2023		800,826
	1,400,000	2.700%, 5/18/2023		1,414,442
	1,040,000	3.625%, 5/13/2024		1,106,040
	2,040,000	3.125%, 1/23/2025		2,085,072
	855,000	3.300%, 4/1/2026		879,835
	1,605,000	7.900%, 4/29/2049ⁱ		1,649,137
		KeyBank NA
	860,000	2.350%, 3/8/2019		876,191
		KeyCorp
	1,080,000	2.900%, 9/15/2020		1,121,180
		Kookmin Bank
	900,000	1.625%, 8/1/2019^e		900,630
		Liberty Mutual Group, Inc.
	1,027,000	4.950%, 5/1/2022^e		1,145,988
		Liberty Property, LP
	1,417,000	3.750%, 4/1/2025		1,485,165
		Lincoln National Corporation
	575,000	8.750%, 7/1/2019		676,813
	792,000	7.000%, 6/15/2040		1,019,520
		Lloyds Bank plc
	515,000	1.374%, 3/16/2018^f		513,972
		Merrill Lynch & Company, Inc.
	1,555,000	6.400%, 8/28/2017		1,622,378
		MetLife, Inc.
	1,025,000	4.050%, 3/1/2045		1,016,718
		Mitsubishi UFJ Financial Group, Inc.
	930,000	2.190%, 9/13/2021		927,571
		Mizuho Bank, Ltd.
	762,000	1.850%, 3/21/2018^e		764,332
		Morgan Stanley
	1,455,000	6.625%, 4/1/2018		1,559,003
	780,000	1.995%, 4/25/2018^f		789,015
	460,000	1.874%, 1/27/2020^f		464,795
	675,000	2.500%, 4/21/2021		683,440
	660,000	4.875%, 11/1/2022		727,956
	975,000	4.000%, 7/23/2025		1,048,475
	1,350,000	4.350%, 9/8/2026		1,441,263


Principal Amount		Long-Term Fixed Income (41.9%)	Value
	Financials (3.5%) - continued
	$640,000	4.300%, 1/27/2045		$685,078
	1,235,000	5.550%, 12/29/2049^h,i		1,261,244
		MPT Operating Partnership, LP
	1,535,000	6.375%, 3/1/2024		1,665,475
	970,000	5.500%, 5/1/2024		1,019,470
		Nasdaq, Inc.
	655,000	3.850%, 6/30/2026		685,374
		National City Corporation
	776,000	6.875%, 5/15/2019		874,109
		Prudential Financial, Inc.
	315,000	2.350%, 8/15/2019		321,398
		Quicken Loans, Inc.
	2,210,000	5.750%, 5/1/2025^e		2,193,425
		Realty Income Corporation
	265,000	2.000%, 1/31/2018		266,777
		Regions Bank
	261,000	7.500%, 5/15/2018		284,018
		Regions Financial Corporation
	1,000,000	2.250%, 9/14/2018		1,008,007
	768,000	3.200%, 2/8/2021		798,381
		Reinsurance Group of America, Inc.
	400,000	5.625%, 3/15/2017		407,184
	579,000	5.000%, 6/1/2021		632,992
		Reliance Standard Life Global Funding II
	395,000	2.500%, 4/24/2019^e		401,618
		Royal Bank of Scotland Group plc
	800,000	3.875%, 9/12/2023		787,194
	650,000	8.625%, 12/29/2049ⁱ		636,188
		Santander Holdings USA, Inc.
	725,000	3.450%, 8/27/2018		743,217
		Santander UK Group Holdings plc
	896,000	2.875%, 10/16/2020		902,796
		Santander UK plc
	456,000	3.050%, 8/23/2018		467,113
		Simon Property Group, LP
	580,000	10.350%, 4/1/2019		692,392
	330,000	2.500%, 9/1/2020		340,161
	1,115,000	2.750%, 2/1/2023		1,142,842
		Skandinaviska Enskilda Banken AB
	615,000	2.375%, 3/25/2019^e		625,498
		Standard Chartered plc
	925,000	2.100%, 8/19/2019^e		924,631
		State Street Corporation
	510,000	1.701%, 8/18/2020^f		514,803
		Sumitomo Mitsui Banking Corporation
	545,000	1.268%, 1/16/2018^f		545,188
		Svenska Handelsbanken AB
	715,000	1.347%, 6/17/2019^f		715,854
		Synchrony Financial
	305,000	1.989%, 2/3/2020^f		298,367
	330,000	3.750%, 8/15/2021		347,108
	1,475,000	4.250%, 8/15/2024		1,548,626
		Toronto-Dominion Bank
	375,000	1.786%, 12/14/2020^f		378,347
		UBS Group Funding Jersey, Ltd.
	1,280,000	2.950%, 9/24/2020^e		1,311,261
	768,000	4.125%, 9/24/2025^e		804,856
		UnitedHealth Group, Inc.
	220,000	3.350%, 7/15/2022		236,238
		USB Realty Corporation
	310,000	1.827%, 12/29/2049^e,f,i		278,225
		Voya Financial, Inc.
	948,000	2.900%, 2/15/2018		965,795


Principal Amount		Long-Term Fixed Income (41.9%)	Value
	Financials (3.5%) - continued
		Wells Fargo & Company
	$455,000	1.432%, 1/30/2020^f		$453,735
	1,020,000	2.550%, 12/7/2020		1,040,016
	1,120,000	3.450%, 2/13/2023		1,154,931
	1,040,000	3.000%, 2/19/2025		1,056,122
	1,600,000	3.000%, 4/22/2026		1,615,045
	1,020,000	4.900%, 11/17/2045		1,123,031
		Welltower, Inc.
	268,000	2.250%, 3/15/2018		270,355
	520,000	3.750%, 3/15/2023		546,076
	540,000	4.000%, 6/1/2025		572,603

		Total		158,770,502


	Foreign Government (0.1%)
		Argentina Government International Bond
	625,000	6.250%, 4/22/2019^e		662,813
	1,175,000	7.125%, 7/6/2036^e		1,244,325
		Export-Import Bank of Korea
	450,000	2.250%, 1/21/2020		458,421
		Kommunalbanken AS
	735,000	1.500%, 10/22/2019^e		739,924
		Mexico Government International Bond
	775,000	4.350%, 1/15/2047		761,438
	775,000	4.125%, 1/21/2026		833,512

		Total		4,700,433


	Mortgage-Backed Securities (14.1%)
		Federal Home Loan Mortgage Corporation Gold 15-Yr. Pass Through
	49,100,000	3.000%, 10/1/2031^c		51,573,221
		Federal Home Loan Mortgage Corporation Gold 30-Yr. Pass Through
	33,600,000	4.000%, 10/1/2046^c		36,040,593
		Federal National Mortgage Association Conventional 15-Yr. Pass Through
	57,325,000	2.500%, 10/1/2031^c		59,374,627
		Federal National Mortgage Association Conventional 30-Yr. Pass Through
	5,117,198	1.740%, 7/1/2043^f		5,237,805
	73,250,000	3.000%, 10/1/2046^c		76,131,354
	233,500,000	3.500%, 10/1/2046^c		246,378,973
	112,750,000	4.000%, 10/1/2046^c		121,091,741
	51,396,000	4.500%, 10/1/2046^c		56,285,430

		Total		652,113,744


	Technology (0.9%)
		Amphenol Corporation
	318,000	2.550%, 1/30/2019		325,421
		Apple, Inc.
	360,000	1.117%, 5/6/2020^f		359,353
	1,792,000	3.200%, 5/13/2025		1,909,978
	768,000	4.650%, 2/23/2046		886,215
		Cisco Systems, Inc.
	480,000	1.342%, 3/1/2019^f		483,152
		CommScope Technologies Finance, LLC
	1,480,000	6.000%, 6/15/2025^e		1,578,050
		Diamond 1 Finance Corporation
	680,000	3.480%, 6/1/2019^e		699,360


Principal Amount		Long-Term Fixed Income (41.9%)	Value
	Technology (0.9%) - continued
	$550,000	5.450%, 6/15/2023^e		$589,301
	396,000	6.020%, 6/15/2026^e		434,136
		Equinix, Inc.
	1,870,000	5.750%, 1/1/2025		1,986,875
		Fidelity National Information Services, Inc.
	1,070,000	2.850%, 10/15/2018		1,098,097
	769,000	3.625%, 10/15/2020		815,656
		First Data Corporation
	970,000	5.375%, 8/15/2023^e		999,100
		Hewlett Packard Enterprise Company
	1,130,000	2.450%, 10/5/2017^e,g		1,139,051
	565,000	2.850%, 10/5/2018^e,g		575,669
	565,000	4.400%, 10/15/2022^e,g		602,465
		IMS Health, Inc.
	859,000	6.000%, 11/1/2020^e		871,885
		Intel Corporation
	185,000	3.100%, 7/29/2022		197,597
	685,000	3.700%, 7/29/2025		759,951
	1,188,000	4.100%, 5/19/2046		1,271,516
		International Business Machines Corporation
	1,056,000	4.700%, 2/19/2046		1,222,067
		Iron Mountain, Inc.
	1,885,000	6.000%, 8/15/2023		2,012,238
		Lam Research Corporation
	1,000,000	3.450%, 6/15/2023		1,022,866
		Micron Technology, Inc.
	3,085,000	7.500%, 9/15/2023^e		3,426,633
		Microsoft Corporation
	1,575,000	4.750%, 11/3/2055		1,819,253
	1,575,000	4.200%, 11/3/2035		1,760,644
	975,000	3.700%, 8/8/2046		986,880
		NXP BV
	1,985,000	3.875%, 9/1/2022^e		2,079,288
		Oracle Corporation
	330,000	2.500%, 5/15/2022		338,739
	1,056,000	2.400%, 9/15/2023		1,064,469
	1,340,000	2.950%, 5/15/2025		1,384,129
		Plantronics, Inc.
	1,450,000	5.500%, 5/31/2023^e		1,493,500
		Qualcomm, Inc.
	792,000	3.000%, 5/20/2022		830,977
		Seagate HDD Cayman
	560,000	4.875%, 6/1/2027		495,429
		Sensata Technologies UK Financing Company plc
	1,140,000	6.250%, 2/15/2026^e		1,234,050
		Western Digital Corporation
	2,025,000	10.500%, 4/1/2024^e		2,349,000

		Total		41,102,990


	Transportation (0.3%)
		Air Canada Pass Through Trust
	288,804	3.875%, 3/15/2023^e		280,862
		American Airlines Pass Through Trust
	1,202,680	3.375%, 5/1/2027		1,232,747
		Avis Budget Car Rental, LLC
	1,665,000	5.125%, 6/1/2022^e		1,670,203
	1,195,000	6.375%, 4/1/2024^e		1,218,900
		Burlington Northern Santa Fe, LLC
	1,040,000	5.050%, 3/1/2041		1,261,789
	1,175,000	3.900%, 8/1/2046		1,256,075
		Canadian Pacific Railway Company
	600,000	4.800%, 8/1/2045		701,078


Principal Amount		Long-Term Fixed Income (41.9%)	Value
	Transportation (0.3%) - continued
		Continental Airlines, Inc.
	$622,211	4.150%, 4/11/2024		$664,210
		CSX Corporation
	494,000	3.700%, 11/1/2023		536,241
		Delta Air Lines, Inc.
	303,904	4.950%, 5/23/2019		319,859
		ERAC USA Finance, LLC
	284,000	2.800%, 11/1/2018^e		290,448
		FedEx Corporation
	1,320,000	3.900%, 2/1/2035		1,358,277
		J.B. Hunt Transport Services, Inc.
	295,000	3.300%, 8/15/2022		308,398
		Southwest Airlines Company
	845,000	2.750%, 11/6/2019		871,724
		Virgin Australia Holdings, Ltd.
	226,341	5.000%, 10/23/2023^e		234,829
		XPO Logistics, Inc.
	1,570,000	6.500%, 6/15/2022^e		1,636,725

		Total		13,842,365


	U.S. Government and Agencies (10.4%)
		Federal National Mortgage Association
	205,000	6.250%, 5/15/2029		295,983
		Tennessee Valley Authority
	200,000	5.250%, 9/15/2039		276,468
		U.S. Treasury Bonds
	1,075,000	4.375%, 5/15/2040		1,502,103
	470,000	3.625%, 2/15/2044		598,460
	9,000,000	2.500%, 5/15/2046		9,315,000
		U.S. Treasury Bonds, TIPS
	2,054,120	0.125%, 4/15/2019		2,089,089
	7,402,602	0.125%, 1/15/2023		7,519,356
	51,069	2.375%, 1/15/2025		60,856
	28,328,855	0.625%, 1/15/2026		29,793,740
	33,404	2.125%, 2/15/2040		44,440
	452,646	0.750%, 2/15/2042		466,375
	58,533,638	1.000%, 2/15/2046		64,704,899
		U.S. Treasury Notes
	1,000,000	0.875%, 11/30/2016^k		1,001,084
	21,220,000	0.875%, 11/15/2017		21,260,615
	23,000,000	0.875%, 3/31/2018		23,046,713
	22,400,000	0.750%, 2/15/2019		22,357,126
	41,710,000	1.500%, 10/31/2019		42,443,178
	79,080,000	1.375%, 9/30/2020		80,022,159
	10,250,000	1.375%, 5/31/2021		10,360,905
	59,409,000	1.125%, 8/31/2021		59,348,641
	41,325,000	2.125%, 6/30/2022		43,225,000
	10,765,000	1.625%, 8/15/2022		10,959,276
	47,630,000	2.250%, 11/15/2024		50,288,707

		Total		480,980,173


	Utilities (1.1%)
		AES Corporation
	1,500,000	7.375%, 7/1/2021		1,721,250
		American Electric Power Company, Inc.
	1,722,000	2.950%, 12/15/2022		1,798,829
		Arizona Public Service Company
	395,000	2.200%, 1/15/2020		404,234
		Berkshire Hathaway Energy Company
	390,000	2.400%, 2/1/2020		399,481
		Calpine Corporation
	1,450,000	5.375%, 1/15/2023		1,444,562


Principal Amount		Long-Term Fixed Income (41.9%)	Value
	Utilities (1.1%) - continued
		Chesapeake Midstream Partners, LP
	$1,320,000	6.125%, 7/15/2022		$1,370,471
		Commonwealth Edison Company
	1,025,000	3.700%, 3/1/2045		1,058,480
	640,000	4.350%, 11/15/2045		731,011
		Consolidated Edison Company of New York, Inc.
	384,000	4.500%, 12/1/2045		441,474
		Consolidated Edison, Inc.
	528,000	2.000%, 5/15/2021		533,186
		Covanta Holding Corporation
	850,000	7.250%, 12/1/2020		877,625
		Dominion Resources, Inc.
	1,070,000	2.962%, 7/1/2019		1,098,254
		DTE Electric Company
	760,000	3.700%, 3/15/2045		803,378
	890,000	3.700%, 6/1/2046		942,061
		DTE Energy Company
	155,000	2.400%, 12/1/2019		158,087
		Duke Energy Corporation
	900,000	2.100%, 6/15/2018		910,347
	1,120,000	3.750%, 9/1/2046		1,086,147
		Duke Energy Indiana, LLC
	1,085,000	3.750%, 5/15/2046		1,124,112
		Dynegy, Inc.
	1,440,000	6.750%, 11/1/2019		1,476,000
	1,720,000	7.375%, 11/1/2022		1,698,500
		Edison International
	1,050,000	2.950%, 3/15/2023		1,084,650
		Emera U.S. Finance, LP
	800,000	2.150%, 6/15/2019^e		808,750
	820,000	4.750%, 6/15/2046^e		880,062
		Enel Finance International NV
	450,000	6.250%, 9/15/2017^e		469,836
		Energy Transfer Equity, LP
	1,450,000	5.500%, 6/1/2027		1,442,750
		Eversource Energy
	330,000	1.600%, 1/15/2018		331,349
		Exelon Corporation
	580,000	5.100%, 6/15/2045		672,924
	792,000	4.450%, 4/15/2046		850,789
		Exelon Generation Company, LLC
	770,000	5.200%, 10/1/2019		845,899
	295,000	2.950%, 1/15/2020		304,052
		ITC Holdings Corporation
	284,000	4.050%, 7/1/2023		309,052
	715,000	5.300%, 7/1/2043		847,498
		Kinder Morgan Energy Partners, LP
	765,000	3.500%, 3/1/2021		789,898
		MidAmerican Energy Holdings Company
	1,066,000	6.500%, 9/15/2037		1,465,905
		Monongahela Power Company
	780,000	5.400%, 12/15/2043^e		985,104
		National Rural Utilities Cooperative Finance Corporation
	1,025,000	2.300%, 11/1/2020		1,048,811
		NextEra Energy Capital Holdings, Inc.
	660,000	2.300%, 4/1/2019		670,472
		NiSource Finance Corporation
	1,475,000	5.650%, 2/1/2045		1,867,931
		Northern States Power Company
	1,240,000	4.125%, 5/15/2044		1,401,113
		NRG Energy, Inc.
	1,500,000	6.625%, 3/15/2023		1,515,000


Principal Amount		Long-Term Fixed Income (41.9%)	Value
	Utilities (1.1%) - continued
		Oncor Electric Delivery Company, LLC
	$760,000	3.750%, 4/1/2045		$793,966
		Pacific Gas & Electric Company
	768,000	4.250%, 3/15/2046		863,207
		PG&E Corporation
	375,000	2.400%, 3/1/2019		382,290
		PPL Capital Funding, Inc.
	372,000	3.500%, 12/1/2022		394,704
	1,275,000	5.000%, 3/15/2044		1,437,037
		Regency Energy Partners, LP
	1,120,000	5.875%, 3/1/2022		1,234,997
		Sempra Energy
	1,285,000	6.150%, 6/15/2018		1,381,394
	370,000	2.400%, 3/15/2020		376,978
		Southern California Edison Company
	220,000	2.400%, 2/1/2022		226,666
		Southern Company
	1,080,000	1.850%, 7/1/2019		1,088,493
	1,100,000	4.400%, 7/1/2046		1,186,898
		Southwestern Electric Power Company
	460,000	3.900%, 4/1/2045		460,305
		Targa Resources Partners, LP
	525,000	5.250%, 5/1/2023		531,562
		TransAlta Corporation
	825,000	1.900%, 6/3/2017		825,586
		Williams Partners, LP
	1,050,000	5.100%, 9/15/2045		1,024,403

		Total		50,877,820



		Total Long-Term Fixed Income (cost $1,902,911,046)		1,937,656,121


	Shares	Registered Investment Companies (25.8%)		Value
	Affiliated Equity Holdings (9.2%)
	2,586,561	Thrivent Large Cap Stock Portfolio		30,419,253
	8,818,308	Thrivent Large Cap Value Portfolio		137,503,880
	3,932,207	Thrivent Mid Cap Stock Portfolio		67,031,150
	16,955,184	Thrivent Partner Worldwide Allocation Portfolio		158,676,789
	1,989,819	Thrivent Small Cap Stock Portfolio		33,224,796

		Total		426,855,868


	Affiliated Fixed Income Holdings (15.3%)
	24,238,208	Thrivent High Yield Portfolio		115,623,525
	35,097,346	Thrivent Income Portfolio		365,995,128
	23,046,310	Thrivent Limited Maturity Bond Portfolio		227,321,885

		Total		708,940,538


	Equity Funds/ETFs (0.3%)
	4,541	iShares Russell 2000 Growth Index Fund		676,155
	5,369	iShares Russell 2000 Index Fund^h		666,883
	3,450	iShares Russell 2000 Value Index Fund		361,387
	9,120	Materials Select Sector SPDR Fund^h		435,480
	42,586	SPDR S&P 500 ETF Trust		9,211,352
	8,720	SPDR S&P Biotech ETF^h		578,049


Shares		Registered Investment Companies (25.8%)	Value
	Equity Funds/ETFs (0.3%) - continued
	510	SPDR S&P MidCap 400 ETF Trust		$143,958

		Total		12,073,264


	Fixed Income Funds/ETFs (1.0%)
	72,000	iShares Barclays 1-3 Year Credit Bond Fund		7,614,720
	212,700	iShares iBoxx $ Investment Grade Corporate Bond ETF		26,200,386
	161,000	Vanguard Short-Term Corporate Bond ETF		12,968,550

		Total		46,783,656



		Total Registered Investment Companies (cost $1,113,033,896)		1,194,653,326


Shares		Common Stock (22.5%)	Value
	Consumer Discretionary (3.1%)
	24,062	Aaron’s, Inc.		611,656
	30,326	Amazon.com, Inc.^l		25,392,263
	4,120	American Axle & Manufacturing Holdings, Inc.^l		70,946
	6,115	American Public Education, Inc.^l		121,138
	2,150	Aramark		81,765
	3,350	Armstrong Flooring, Inc.^l		63,248
	3,980	Ascent Capital Group, Inc.^l		92,217
	6,080	AutoZone, Inc.^l		4,671,507
	19,320	Barnes & Noble, Inc.		218,316
	7,960	Beazer Homes USA, Inc.^l		92,814
	17,820	Bed Bath & Beyond, Inc.		768,220
	3,790	Best Buy Company, Inc.		144,702
	4,160	Big 5 Sporting Goods Corporation		56,659
	12,100	Bloomin’ Brands, Inc.		208,604
	6,080	BorgWarner, Inc.		213,894
	15,900	Brunswick Corporation		775,602
	760	Buffalo Wild Wings, Inc.^l		106,962
	5,040	Burlington Stores, Inc.^l		408,341
	14,220	Caleres, Inc.		359,624
	17,300	Callaway Golf Company		200,853
	21,750	Carter’s, Inc.		1,885,943
	6,043	Cedar Fair, LP		346,203
	6,350	Cheesecake Factory, Inc.		317,881
	3,610	Chuy’s Holdings, Inc.^l		100,863
	8,670	Cinemark Holdings, Inc.		331,888
	3,920	ClubCorp Holdings, Inc.		56,722
	267,973	Comcast Corporation		17,777,329
	14,784	Core-Mark Holding Company, Inc.		529,267
	9,559	CSS Industries, Inc.		244,519
	11,338	Culp, Inc.		337,532
	30,200	Dana, Inc.		470,818
	1,860	Deckers Outdoor Corporation^l		110,763
	61,799	Delphi Automotive plc		4,407,505
	5,170	DeVry Education Group, Inc.		119,220
	4,515	Discovery Communications, Inc.,
		Class A^l		121,544
	10,250	Dish DBS Corporation^l		561,495
	13,900	Dollar General Corporation		972,861
	20,330	Dollar Tree, Inc.^l		1,604,647
	4,930	Domino’s Pizza, Inc.		748,621
	24,320	DSW, Inc.		498,074
	9,520	Duluth Holdings, Inc.^h,l		252,375
	1,510	EchoStar Corporationl		66,183
	14,750	Etsy, Inc.^l		210,630
	5,528	Expedia, Inc.		645,228
	13,390	Finish Line, Inc.		309,041
	17,140	Gentex Corporation		300,978


Shares		Common Stock (22.5%)	Value
	Consumer Discretionary (3.1%) - continued
	8,333	G-III Apparel Group, Ltd.^l		$242,907
	76,290	GNC Holdings, Inc.		1,557,842
	132,864	Harley-Davidson, Inc.^h		6,987,318
	10,110	Harman International Industries, Inc.		853,790
	13,058	Haverty Furniture Companies, Inc.		261,682
	71,460	Home Depot, Inc.		9,195,473
	17,850	Houghton Mifflin Harcourt Company^l		239,369
	2,960	HSN, Inc.		117,808
	9,550	Interpublic Group of Companies, Inc.		213,443
	6,870	Interval Leisure Group, Inc.		117,958
	2,840	Jack in the Box, Inc.		272,470
	4,780	John Wiley and Sons, Inc.		246,696
	7,810	Kate Spade & Company^l		133,785
	5,330	L Brands, Inc.		377,204
	83,316	Las Vegas Sands Corporation		4,794,003
	11,740	La-Z-Boy, Inc.		288,334
	1,430	Lear Corporation		173,345
	36,370	Liberty Interactive Corporation^l		727,764
	3,000	Lithia Motors, Inc.		286,560
	38,630	LKQ Corporationl		1,369,820
	106,480	Lowe’s Companies, Inc.		7,688,921
	3,950	Lululemon Athletica, Inc.^l		240,871
	3,730	Masonite International Corporation^l		231,894
	11,957	MDC Partners, Inc.^h		128,179
	4,700	Meredith Corporation		244,353
	1,740	Meritage Homes Corporation^l		60,378
	690	Mohawk Industries, Inc.^l		138,235
	1,270	Monro Muffler Brake, Inc.		77,686
	1,040	Murphy USA, Inc.^l		74,214
	7,400	New Media Investment Group, Inc.		114,700
	31,020	Newell Brands, Inc.		1,633,513
	11,250	News Corporation, Class A		157,275
	66,030	NIKE, Inc.		3,476,479
	8,183	Nord Anglia Education, Inc.^h,l		178,226
	36,231	Nutrisystem, Inc.		1,075,698
	3,250	O’Reilly Automotive, Inc.^l		910,357
	13,370	Oxford Industries, Inc.		905,149
	8,930	Papa John’s International, Inc.		704,130
	12,660	Papa Murphy’s Holdings, Inc.^l		81,657
	8,360	Penn National Gaming, Inc.^l		113,445
	1,990	Priceline Group, Inc.^l		2,928,265
	13,160	PVH Corporation		1,454,180
	3,370	Ralph Lauren Corporation		340,842
	8,830	Rent-A-Center, Inc.		111,611
	1,700	Restoration Hardware Holdings, Inc.^h,l		58,786
	5,630	Retailmenot, Inc.^l		55,681
	25,290	Ross Stores, Inc.		1,626,147
	4,910	Royal Caribbean Cruises, Ltd.		368,005
	9,770	Ruth’s Hospitality Group, Inc.		137,952
	5,960	Sally Beauty Holdings, Inc.^l		153,053
	53,750	Scripps Networks Interactive, Inc.		3,412,588
	10,080	Select Comfort Corporation^l		217,728
	4,450	Signet Jewelers, Ltd.		331,659
	8,882	Sportsman’s Warehouse Holdings, Inc.^l		93,439
	8,310	Staples, Inc.		71,051
	63,310	Starbucks Corporation		3,427,603
	16,444	Stein Mart, Inc.		104,419
	4,070	Steven Madden, Ltd.^l		140,659
	7,120	Tailored Brands, Inc.		111,784
	9,670	Tegna, Inc.		211,386
	7,110	Tempur-Pedic International, Inc.^l		403,421
	2,075	Tenneco, Inc.^l		120,910
	3,260	Tiffany & Company		236,774
	20,850	Time, Inc.		301,908
	38,830	TJX Companies, Inc.		2,903,707


Shares		Common Stock (22.5%)	Value
	Consumer Discretionary (3.1%) - continued
	30,390	Toll Brothers, Inc.^l		$907,445
	25,758	Tower International, Inc.		620,768
	30,112	Tuesday Morning Corporation^l		180,070
	1,070	Tupperware Brands Corporation		69,946
	1,410	Ulta Salon Cosmetics & Fragrance, Inc.^l		335,552
	4,480	Under Armour, Inc., Class A^h,^l		173,286
	4,511	Under Armour, Inc., Class C^l		152,742
	1,900	Vail Resorts, Inc.		298,072
	12,180	Vera Bradley, Inc.^l		184,527
	6,540	VF Corporation		366,567
	3,750	Visteon Corporation		268,725
	7,550	Vitamin Shoppe, Inc.^l		202,718
	40,370	Walt Disney Company		3,748,758
	2,000	Whirlpool Corporation		324,320
	6,430	Wingstop, Inc.^h		188,399
	15,890	Yum! Brands, Inc.		1,442,971
	6,940	Zoe’s Kitchen, Inc.^h,l		153,999

		Total		143,622,815


	Consumer Staples (1.0%)
	6,454	AdvancePierre Foods Holdings, Inc.		177,872
	1,600	Blue Buffalo Pet Products, Inc.^l		38,016
	15,480	Brown-Forman Corporation		734,371
	17,400	Campbell Soup Company		951,780
	4,489	Casey’s General Stores, Inc.		539,353
	78,140	Coca-Cola Company		3,306,885
	175,810	CVS Health Corporation		15,645,332
	1,344	e.l.f. Beauty, Inc.^l		37,793
	21,470	Estee Lauder Companies, Inc.		1,901,383
	53,810	Flowers Foods, Inc.^h		813,607
	6,950	General Mills, Inc.		443,966
	16,950	Hain Celestial Group, Inc.^l		603,081
	4,600	Ingredion, Inc.		612,076
	2,291	J & J Snack Foods Corporation		272,904
	21,510	Kimberly-Clark Corporation		2,713,271
	1,330	Lancaster Colony Corporation		175,680
	2,550	Molson Coors Brewing Company		279,990
	8,070	Monster Beverage Corporation^l		1,184,757
	8,960	PepsiCo, Inc.		974,579
	44,808	Philip Morris International, Inc.		4,356,234
	46,330	Pinnacle Foods, Inc.		2,324,376
	13,980	Procter & Gamble Company		1,254,705
	19,121	SpartanNash Company		552,979
	7,670	United Natural Foods, Inc.^l		307,107
	980	Universal Corporation		57,056
	43,970	Walgreens Boots Alliance, Inc.		3,544,862
	30,630	WhiteWave Foods Company^l		1,667,191

		Total		45,471,206


	Energy (2.9%)
	5,370	Anadarko Petroleum Corporation		340,243
	55,672	Archrock, Inc.		728,190
	21,899	Atwood Oceanics, Inc.^h		190,302
	189,394	Baker Hughes, Inc.		9,558,715
	13,406	Bristow Group, Inc.		187,952
	5,300	California Resources Corporation^h,^l		66,250
	81,385	Callon Petroleum Company^l		1,277,745
	121,860	Canadian Natural Resources, Ltd.		3,904,394
	169,230	Chevron Corporation		17,417,152
	15,450	Cimarex Energy Company		2,076,017
	4,081	Clayton Williams Energy, Inc.^h,l		348,681
	41,860	Clean Energy Fuels Corporation^l		187,114
	394,912	Cobalt International Energy, Inc.^l		489,691
	31,520	Concho Resources, Inc.^l		4,329,272
	60,250	ConocoPhillips		2,619,067


Shares		Common Stock (22.5%)	Value
	Energy (2.9%) - continued
	42,260	Continental Resources, Inc.^l		$2,195,830
	15,449	Contura Energy, Inc.^l		644,996
	17,330	Delek US Holdings, Inc.		299,636
	101,790	Devon Energy Corporation		4,489,957
	9,810	Diamond Offshore Drilling, Inc.		172,754
	7,410	Diamondback Energy, Inc.^l		715,361
	50,954	Ensco plc		433,109
	61,860	EOG Resources, Inc.		5,982,481
	16,800	EP Energy Corporation^h,l		73,584
	140,445	EQT Corporation		10,199,116
	56,230	Exxon Mobil Corporation		4,907,754
	12,870	Frank’s International NV		167,310
	11,340	Green Plains, Inc.		297,108
	2,590	Gulfport Energy Corporation^l		73,168
	58,990	Halliburton Company		2,647,471
	6,330	HollyFrontier Corporation		155,085
	20,380	Hornbeck Offshore Services, Inc.^h,l		112,090
	7,040	Kinder Morgan, Inc.		162,835
	695,333	Marathon Oil Corporation		10,993,215
	141,210	Marathon Petroleum Corporation		5,731,714
	3,670	Murphy Oil Corporation		111,568
	132,140	Nabors Industries, Ltd.		1,606,822
	3,230	Newfield Exploration Company^l		140,376
	3,100	Noble Energy, Inc.		110,794
	29,309	Oasis Petroleum, Inc.^l		336,174
	3,850	Oceaneering International, Inc.		105,913
	5,070	Oil States International, Inc.^l		160,060
	31,568	Parsley Energy, Inc.^l		1,057,844
	61,135	Patterson-UTI Energy, Inc.		1,367,590
	910	PDC Energy, Inc.^l		61,025
	35,707	Pioneer Energy Services Corporation^l		144,256
	33,870	Pioneer Natural Resources Company		6,287,966
	95,650	Rowan Companies plc		1,450,054
	67,506	Royal Dutch Shell plc ADR		3,380,025
	25,050	RPC, Inc.^h,l		420,840
	3,130	RSP Permian, Inc.^l		121,381
	88,328	Schlumberger, Ltd.		6,946,114
	9,870	SemGroup Corporation		349,003
	2,533	SM Energy Company		97,723
	196,800	Suncor Energy, Inc. ADR		5,467,104
	3,230	Superior Energy Services, Inc.		57,817
	12,220	Teekay Corporation^h		94,216
	28,631	Teekay Tankers, Ltd.		72,436
	16,430	Tesco Corporation		134,069
	40,800	TETRA Technologies, Inc.^l		249,288
	10,680	U.S. Silica Holdings, Inc.		497,261
	3,112	Vantage Drilling International^l		245,848
	857,620	Weatherford International plc^l		4,819,824
	411,830	WPX Energy, Inc.^l		5,432,038

		Total		135,500,788


	Financials (2.8%)
	8,520	Affiliated Managers Group, Inc.^l		1,232,844
	8,410	Allied World Assurance Company Holdings AG		339,932
	3,600	American Capital Mortgage Investment Corporation		61,884
	2,980	American Financial Group, Inc.		223,500
	49,360	American International Group, Inc.		2,929,022
	13,875	Ameris Bancorp		484,931
	6,250	AMERISAFE, Inc.		367,375
	30,550	Anworth Mortgage Asset Corporation		150,306
	7,748	Argo Group International Holdings, Ltd.		437,142
	17,960	Aspen Insurance Holdings, Ltd.		836,756
	4,860	Associated Banc-Corp		95,207


Shares		Common Stock (22.5%)	Value
	Financials (2.8%) - continued
	36,890	Assured Guaranty, Ltd.		$1,023,697
	21,740	BancorpSouth, Inc.		504,368
	466,570	Bank of America Corporation		7,301,821
	20,800	Bank of New York Mellon Corporation		829,504
	6,200	Bank of the Ozarks, Inc.		238,080
	6,120	BankFinancial Corporation		77,724
	53,200	BB&T Corporation		2,006,704
	23,590	Beneficial Bancorp, Inc.		347,009
	152,980	Blackstone Group, LP		3,905,579
	60,210	Boston Private Financial Holdings, Inc.		772,494
	25,150	Brookline Bancorp, Inc.		306,578
	18,260	Brown & Brown, Inc.		688,585
	47,430	Capital One Financial Corporation		3,406,897
	71,700	Capstead Mortgage Corporation		676,131
	7,970	Cathay General Bancorp		245,317
	18,950	Central Pacific Financial Corporation		477,351
	10,490	Charles Schwab Corporation		331,169
	8,994	Chemical Financial Corporation		396,905
	27,800	Chubb, Ltd.		3,493,070
	222,590	Citigroup, Inc.		10,512,926
	7,340	Clifton Bancorp, Inc.		112,229
	48,685	CoBiz Financial, Inc.		647,997
	12,719	Columbia Banking System, Inc.		416,166
	89,090	Comerica, Inc.		4,215,739
	85,580	E*TRADE Financial Corporation^l		2,492,090
	42,548	East West Bancorp, Inc.		1,561,937
	1,550	Eaton Vance Corporation		60,528
	14,459	Employers Holdings, Inc.		431,312
	4,890	Endurance Specialty Holdings, Ltd.		320,050
	8,190	Enova International, Inc.^l		79,279
	7,600	Essent Group, Ltd.^l		202,236
	3,800	Evercore Partners, Inc.		195,738
	13,090	F.N.B. Corporation		161,007
	12,270	Federated Investors, Inc.		363,560
	256,370	Fifth Third Bancorp		5,245,330
	5,270	First American Financial Corporation		207,006
	37,910	First Commonwealth Financial Corporation		382,512
	9,010	First Financial Bancorp		196,778
	3,920	First Financial Corporation		159,466
	9,180	First Horizon National Corporation		139,811
	3,130	First Merchants Corporation		83,728
	59,170	First Midwest Bancorp, Inc.		1,145,531
	4,780	First NBC Bank Holding Company^l		45,123
	26,400	First Republic Bank		2,035,704
	3,660	Franklin Resources, Inc.		130,186
	41,710	Genworth Financial, Inc.^l		206,882
	10,965	Glacier Bancorp, Inc.		312,722
	44,830	Goldman Sachs Group, Inc.		7,229,734
	35,450	Great Western Bancorp, Inc.		1,181,194
	25,130	Green Bancorp, Inc.^l		274,671
	10,520	Greenhill & Company, Inc.		247,956
	14,930	Hancock Holding Company		484,180
	35,470	Hanmi Financial Corporation		934,280
	7,620	Hanover Insurance Group, Inc.		574,700
	6,360	Hartford Financial Services Group, Inc.		272,335
	27,936	Home BancShares, Inc.		581,348
	2,360	HomeStreet, Inc.^l		59,142
	3,380	Hometrust Bancshares, Inc.^l		62,530
	33,368	Hope Bancorp, Inc.		579,602
	12,090	Horace Mann Educators Corporation		443,098
	11,021	Houlihan Lokey, Inc.		276,076
	77,350	Huntington Bancshares, Inc.		762,671


Shares		Common Stock (22.5%)	Value
	Financials (2.8%) - continued
	1,334	Infinity Property & Casualty Corporation		$110,228
	18,780	Intercontinental Exchange, Inc.		5,058,581
	136,570	Invesco, Ltd.		4,270,544
	34,710	Investors Bancorp, Inc.		416,867
	43,045	Janus Capital Group, Inc.		603,060
	152,130	KeyCorp		1,851,422
	5,948	Kinsale Capital Group, Inc.		130,856
	1,930	Lazard, Ltd.		70,175
	3,848	Lincoln National Corporation		180,779
	6,160	LPL Financial Holdings, Inc.^h		184,246
	7,560	M&T Bank Corporation		877,716
	230	Markel Corporation^l		213,617
	119,350	MetLife, Inc.		5,302,720
	155,210	Morgan Stanley		4,976,033
	9,890	National Bank Holdings Corporation		231,129
	1,220	Navigators Group, Inc.		118,242
	8,130	NMI Holdings, Inc.^l		61,951
	1,060	Northern Trust Corporation		72,069
	15,790	NorthStar Realty Europe Corporation		172,901
	9,980	PacWest Bancorp		428,242
	1,340	Piper Jaffray Companies^l		64,722
	11,170	Primerica, Inc.^h		592,345
	9,470	Principal Financial Group, Inc.		487,800
	1,180	Prosperity Bancshares, Inc.		64,770
	18,490	Provident Financial Services, Inc.		392,543
	23,913	Raymond James Financial, Inc.		1,391,976
	4,160	Redwood Trust, Inc.		58,906
	8,891	Renasant Corporation		299,004
	1,126	Safety Insurance Group, Inc.		75,690
	13,575	Sandy Spring Bancorp, Inc.		415,124
	2,690	SEI Investments Company		122,691
	119,450	SLM Corporationl		892,291
	11,700	Stewart Information Services Corporation		520,065
	17,731	Stifel Financial Corporation^l		681,757
	15,160	SunTrust Banks, Inc.		664,008
	13,655	SVB Financial Group^l		1,509,424
	168,000	Synchrony Financial		4,704,000
	18,010	Synovus Financial Corporation		585,865
	53,680	TCF Financial Corporation		778,897
	37,180	TD Ameritrade Holding Corporation		1,310,223
	3,360	Territorial Bancorp, Inc.		96,298
	8,000	TriCo Bancshares		214,160
	54,680	TrustCo Bank Corporation		387,681
	3,080	Trustmark Corporation		84,885
	2,790	Union Bankshares Corporation		74,688
	1,570	United Bankshares, Inc.		59,142
	19,590	United Community Banks, Inc.		411,782
	23,230	United Financial Bancorp, Inc.		321,503
	3,750	Unum Group		132,412
	3,780	Virtu Financial, Inc.		56,587
	4,330	Voya Financial, Inc.		124,791
	3,200	Western Alliance Bancorp^l		120,128
	4,068	Wintrust Financial Corporation		226,059
	12,930	WisdomTree Investments, Inc.^h		133,050
	4,496	WSFS Financial Corporation		164,059
	189,644	Zions Bancorporation		5,882,757

		Total		129,648,433


	Health Care (2.9%)
	151,381	Abbott Laboratories		6,401,902
	3,710	ABIOMED, Inc.^l		477,032
	6,990	Acadia Healthcare Company, Inc.^l		346,354
	1,690	Acceleron Pharma, Inc.^l		61,161
	2,490	Aceto Corporation		47,285


Shares		Common Stock (22.5%)	Value
	Health Care (2.9%) - continued
	9,530	Advaxis, Inc.^h,l		$101,876
	3,510	Aerie Pharmaceuticals, Inc.^l		132,467
	12,040	Aetna, Inc.		1,390,018
	15,760	Akorn, Inc.^l		429,618
	56,160	Alexion Pharmaceuticals, Inc.^l		6,881,846
	3,850	Align Technology, Inc.^l		360,937
	40,250	Allergan plc^l		9,269,977
	26,150	Amgen, Inc.		4,362,082
	6,897	Analogic Corporation		611,074
	31,298	Asterias Biotherapeutics, Inc.^h,l		132,704
	822	Atrion Corporation		350,665
	2,320	Biogen, Inc.^l		726,230
	8,800	BioMarin Pharmaceutical, Inc.^l		814,176
	6,970	Boston Scientific Corporation^l		165,886
	5,850	Bristol-Myers Squibb Company		315,432
	3,422	C.R. Bard, Inc.		767,486
	7,490	Cardiovascular Systems, Inc.^l		177,813
	7,040	Catalent, Inc.^l		181,914
	86,270	Celgene Corporation^l		9,017,803
	12,180	Centene Corporation^l		815,573
	780	Charles River Laboratories International, Inc.^l		65,005
	1,820	Chemed Corporation		256,747
	4,260	CONMED Corporation		170,656
	17,770	Cooper Companies, Inc.		3,185,450
	4,370	Cross Country Healthcare, Inc.^l		51,479
	37,620	Dentsply Sirona, Inc.		2,235,757
	10,280	Depomed, Inc.h,^l		256,897
	5,370	Dexcom, Inc.^l		470,734
	28,750	Edwards Lifesciences Corporation^l		3,466,100
	2,060	Emergent Biosolutions, Inc.^l		64,952
	22,378	Ensign Group, Inc.		450,469
	28,650	Envision Healthcare Holdings, Inc.^l		638,036
	69,810	Express Scripts Holding Company^l		4,923,699
	143,405	Gilead Sciences, Inc.		11,346,204
	3,900	Global Blood Therapeutics, Inc.^l		89,895
	4,080	Globus Medical, Inc.^l		92,086
	1,770	Halyard Health, Inc.^l		61,348
	11,710	HCA Holdings, Inc.^l		885,627
	3,044	HealthEquity, Inc.^l		115,215
	7,730	Healthways, Inc.^l		204,536
	3,510	Heska Corporation^l		191,049
	6,800	Hill-Rom Holdings, Inc.		421,464
	33,130	Hologic, Inc.^l		1,286,438
	3,880	ICU Medical, Inc.^l		490,354
	2,560	Impax Laboratories, Inc.^l		60,672
	6,135	Inogen, Inc.^l		367,487
	11,400	Intersect ENT, Inc.^l		180,576
	1,590	Intra-Cellular Therapies, Inc.^l		24,232
	5,600	Ironwood Pharmaceuticals, Inc.^l		88,928
	28,510	Kindred Healthcare, Inc.		291,372
	11,150	Magellan Health Services, Inc.^l		599,089
	80,529	Medtronic plc		6,957,706
	195,610	Merck & Company, Inc.		12,208,020
	2,160	Mettler-Toledo International, Inc.^l		906,833
	17,740	Mylan NV^l		676,249
	6,193	National Healthcare Corporation		408,676
	1,820	Natural Health Trends Corporation^h		51,433
	1,270	Neogen Corporation^l		71,044
	6,580	Neurocrine Biosciences, Inc.^l		333,211
	4,706	Nevro Corporation^h,l		491,259
	15,545	NuVasive, Inc.^l		1,036,230
	13,640	Omnicell, Inc.^l		522,412
	47,390	OraSure Technologies, Inc.^l		377,698
	5,930	Orthofix International NV^l		253,626
	18,200	PDL BioPharma, Inc.		60,970


Shares		Common Stock (22.5%)	Value
	Health Care (2.9%) - continued
	7,780	PerkinElmer, Inc.		$436,536
	7,660	Perrigo Company plc		707,248
	278,790	Pfizer, Inc.		9,442,617
	11,960	PharMerica Corporation^l		335,717
	1,000	Prothena Corporation plc^l		59,970
	2,090	Puma Biotechnology, Inc.^h,l		140,135
	1,840	ResMed, Inc.		119,214
	81,560	Roche Holding AG ADR		2,525,913
	16,160	Team Health Holdings, Inc.^l		526,170
	11,150	Teleflex, Inc.		1,873,757
	10,960	Triple-S Management Corporation^l		240,353
	46,818	UnitedHealth Group, Inc.		6,554,520
	13,370	Universal Health Services, Inc.		1,647,451
	3,840	VCA Antech, Inc.^l		268,723
	7,950	Veeva Systems, Inc.^l		328,176
	63,431	Vertex Pharmaceuticals, Inc.^l		5,531,818
	2,250	Waters Corporation^l		356,602
	830	Wellcare Health Plans, Inc.^l		97,185
	7,450	West Pharmaceutical Services, Inc.		555,025
	14,800	Wright Medical Group NV^l		363,044
	10,410	Ziopharm Oncology, Inc.^h,l		58,608
	13,750	Zoetis, Inc.		715,138

		Total		134,611,151


	Industrials (2.4%)
	21,802	3M Company		3,842,166
	11,210	ABM Industries, Inc.		445,037
	15,504	Aegion Corporation^l		295,661
	4,130	Aerovironment, Inc.^l		100,813
	6,300	AGCO Corporation		310,716
	2,210	Allison Transmission Holdings, Inc.		63,383
	25,760	Ardmore Shipping Corporation		181,350
	6,543	Astec Industries, Inc.		391,729
	8,050	AZZ, Inc.		525,423
	15,590	B/E Aerospace, Inc.		805,379
	16,050	Barnes Group, Inc.		650,828
	24,670	Boeing Company		3,250,026
	2,870	Brady Corporation		99,331
	59,350	BWX Technologies, Inc.		2,277,260
	18,900	Carlisle Companies, Inc.		1,938,573
	9,730	Caterpillar, Inc.		863,732
	4,920	CBIZ, Inc.^l		55,055
	4,600	CEB, Inc.		250,562
	6,782	CIRCOR International, Inc.		403,936
	8,487	CLARCOR, Inc.		551,655
	11,890	Colfax Corporation^l		373,703
	14,705	Comfort Systems USA, Inc.		431,004
	11,860	Commercial Vehicle Group, Inc.^l		68,551
	19,170	Copart, Inc.^l		1,026,745
	2,220	Crane Company		139,882
	118,080	CSX Corporation		3,601,440
	47,860	Cummins, Inc.		6,133,259
	4,630	Curtiss-Wright Corporation		421,839
	125,100	Delta Air Lines, Inc.		4,923,936
	930	Deluxe Corporation		62,143
	22,100	Donaldson Company, Inc.		824,993
	15,135	EMCOR Group, Inc.		902,349
	13,440	EnerSys		929,914
	3,155	Equifax, Inc.		424,600
	10,068	ESCO Technologies, Inc.		467,357
	2,560	Expeditors International of Washington, Inc.		131,891
	22,126	Federal Signal Corporation		293,391
	1,220	Flowserve Corporation		58,853
	4,095	Fortive Corporation		208,436


Shares		Common Stock (22.5%)	Value
	Industrials (2.4%) - continued
	26,550	Fortune Brands Home and Security, Inc.		$1,542,555
	9,365	Franklin Electric Company, Inc.		381,249
	7,320	GasLog, Ltd.		106,506
	14,120	Gener8 Maritime, Inc.^l		72,294
	19,490	General Dynamics Corporation		3,024,068
	2,910	Genesee & Wyoming, Inc.^l		200,644
	13,068	Gibraltar Industries, Inc.^l		485,476
	16,677	Granite Construction, Inc.		829,514
	2,450	Greenbrier Companies, Inc.		86,485
	2,500	H&E Equipment Services, Inc.		41,900
	4,210	Hackett Group, Inc.		69,549
	34,730	Harsco Corporation		344,869
	1,710	HD Supply Holdings, Inc.^l		54,686
	6,440	Healthcare Services Group, Inc.		254,895
	6,476	Heico Corporation		448,139
	7,600	Herman Miller, Inc.		217,360
	10,670	Hexcel Corporation		472,681
	872	HNI Corporation		34,706
	42,764	Honeywell International, Inc.		4,985,855
	3,340	Hub Group, Inc.^l		136,138
	11,580	Hubbell, Inc.		1,247,629
	3,850	Huntington Ingalls Industries, Inc.		590,667
	4,634	Huron Consulting Group, Inc.^l		276,928
	2,920	ICF International, Inc.^l		129,414
	87,170	Ingersoll-Rand plc		5,922,330
	6,710	Insperity, Inc.		487,414
	2,190	Insteel Industries, Inc.		79,366
	3,020	Interface, Inc.		50,404
	4,150	ITT Corporation		148,736
	6,700	JB Hunt Transport Services, Inc.		543,638
	10,295	Johnson Controls International plc		479,026
	1,930	Kansas City Southern		180,108
	49,470	Kennametal, Inc.		1,435,619
	14,758	Kforce, Inc.		302,391
	6,550	Kirby Corporation^l		407,148
	8,840	Knight Transportation, Inc.		253,620
	32,690	Korn/Ferry International		686,490
	30,599	Lincoln Electric Holdings, Inc.		1,916,109
	2,250	Lindsay Corporation^h		166,455
	6,780	Manpower, Inc.		489,923
	16,700	Masco Corporation		572,977
	34,050	Meritor, Inc.^l		378,976
	3,390	Middleby Corporation^l		419,072
	11,600	Moog, Inc.^l		690,664
	7,675	MSA Safety, Inc.		445,457
	4,600	MSC Industrial Direct Company, Inc.		337,686
	1,930	Mueller Industries, Inc.		62,571
	12,110	MYR Group, Inc.^l		364,511
	22,788	Navigant Consulting, Inc.^l		460,773
	8,250	NCI Building Systems, Inc.^l		120,367
	8,440	Nielsen Holdings plc		452,131
	5,082	Nordson Corporation		506,320
	35,735	Norfolk Southern Corporation		3,468,439
	1,000	Northrop Grumman Corporation		213,950
	5,740	Old Dominion Freight Line, Inc.^l		393,821
	8,220	On Assignment, Inc.^l		298,304
	24,047	Oshkosh Corporation		1,346,632
	990	Parker Hannifin Corporation		124,275
	4,800	Pentair, Ltd.		308,352
	11,210	PGT, Inc.^l		119,611
	6,120	Proto Labs, Inc.^l		366,649
	4,510	Quanex Building Products Corporation		77,843
	19,430	Raven Industries, Inc.		447,473
	6,800	Raytheon Company		925,684


Shares		Common Stock (22.5%)	Value
	Industrials (2.4%) - continued
	830	RBC Bearings, Inc.^l		$63,478
	12,700	Resources Connection, Inc.		189,738
	2,730	Rexnord Corporation^l		58,449
	16,330	Rockwell Automation, Inc.		1,997,812
	10,290	Rockwell Collins, Inc.		867,859
	2,170	Rollins, Inc.		63,538
	4,830	Roper Industries, Inc.		881,330
	1,730	Ryder System, Inc.		114,093
	9,930	Saia, Inc.^l		297,503
	56,500	Southwest Airlines Company		2,197,285
	10,020	SPX FLOW, Inc.^l		309,818
	1,040	Stanley Black & Decker, Inc.		127,899
	2,250	TASER International, Inc.^l		64,373
	8,190	Tennant Company		530,712
	4,580	Tetra Tech, Inc.		162,453
	6,019	Textron, Inc.		239,255
	1,640	Toro Company		76,818
	16,730	TransUnion^l		577,185
	1,980	TrueBlue, Inc.^l		44,867
	1,480	UniFirst Corporation		195,153
	106,312	Union Pacific Corporation		10,368,609
	7,500	United Continental Holdings, Inc.^l		393,525
	56,400	United Parcel Service, Inc.		6,167,904
	7,200	United Rentals, Inc.^l		565,128
	3,849	Universal Forest Products, Inc.		379,088
	10,553	Universal Truckload Services, Inc.		141,621
	5,200	WABCO Holdings, Inc.^l		590,356
	4,200	WageWorks, Inc.^l		255,822
	21,623	Waste Connections, Inc.		1,615,238
	800	Watsco, Inc.		112,720
	15,080	Xylem, Inc.		790,946
	7,030	YRC Worldwide, Inc.^l		86,610

		Total		111,739,608


	Information Technology (5.2%)
	1,638	Advanced Energy Industries, Inc.^l		77,510
	54,120	Agilent Technologies, Inc.		2,548,511
	23,845	Akamai Technologies, Inc.^l		1,263,547
	3,650	Alliance Data Systems Corporation^l		783,035
	19,289	Alphabet, Inc., Class A^l		15,509,513
	18,541	Alphabet, Inc., Class C^l		14,411,734
	3,520	Ambarella, Inc.^h,l		259,107
	15,450	Amkor Technology, Inc.^l		150,174
	27,910	Amphenol Corporation		1,811,917
	27,340	Analog Devices, Inc.		1,762,063
	2,030	ANSYS, Inc.^l		187,998
	129,304	Apple, Inc.		14,617,817
	26,055	Applied Materials, Inc.		785,558
	12,851	Arista Networks, Inc.^h,l		1,093,363
	8,520	Aspen Technology, Inc.^l		398,651
	6,620	AVX Corporation		91,290
	7,640	Bankrate, Inc.^l		64,787
	1,230	Belden, Inc.		84,858
	25,100	Blackhawk Network Holdings, Inc.^l		757,267
	42,580	Booz Allen Hamilton Holding Corporation		1,345,954
	1,500	Broadcom, Ltd.		258,780
	1,550	Broadridge Financial Solutions, Inc.		105,075
	28,630	Brocade Communications Systems, Inc.		264,255
	31,507	Brooks Automation, Inc.		428,810
	13,330	CA, Inc.		440,956
	7,092	Cabot Microelectronics Corporation		375,238
	5,834	CACI International, Inc.^l		588,651
	4,700	Cavium, Inc.^l		273,540
	6,000	CDK Global, Inc.		344,160


Shares		Common Stock (22.5%)	Value
	Information Technology (5.2%) - continued
	24,780	Ciena Corporation^l		$540,204
	600	Cirrus Logic, Inc.^l		31,890
	585,280	Cisco Systems, Inc.		18,565,082
	11,180	Cognex Corporation		590,975
	32,100	Cognizant Technology Solutions Corporation^l		1,531,491
	3,400	Coherent, Inc.^l		375,836
	28,180	CommVault Systems, Inc.^l		1,497,203
	10,740	Comtech Telecommunications Corporation		137,579
	14,100	Convergys Corporation		428,922
	26,840	CoreLogic, Inc.^l		1,052,665
	19,261	Criteo SA ADR^h,l		676,254
	3,380	CTS Corporation		62,868
	13,230	Dell Technologies, Inc.^l		632,394
	11,370	DST Systems, Inc.		1,340,750
	9,030	EarthLink Holdings Corporation		55,986
	32,400	eBay, Inc.^l		1,065,960
	20,170	Entegris, Inc.^l		351,361
	7,790	Envestnet, Inc.^l		283,946
	7,130	EVERTEC, Inc.		119,641
	7,470	ExlService Holdings, Inc.^l		372,305
	3,770	F5 Networks, Inc.^l		469,893
	9,693	Fabrinet^l		432,211
	163,400	Facebook, Inc.^l		20,959,318
	9,330	Finisar Corporation^l		278,034
	3,980	Fitbit, Inc.^h,l		59,063
	42,760	FLIR Systems, Inc.		1,343,519
	24,860	Fortinet, Inc.^l		918,080
	4,220	Genpact, Ltd.^l		101,069
	18,533	Guidewire Software, Inc.^l		1,111,609
	16,460	HP, Inc.		255,624
	3,820	IAC/InterActiveCorporation		238,635
	112,760	Intel Corporation		4,256,690
	27,915	Ixial		348,938
	17,507	Juniper Networks, Inc.		421,218
	2,120	Keysight Technologies, Inc.^l		67,183
	9,300	Knowles Corporation^l		130,665
	11,700	Lam Research Corporation		1,108,107
	6,500	Liberty Tripadvisor Holdings, Inc.^l		142,025
	11,770	Lionbridge Technologies, Inc.^l		58,850
	2,641	Littelfuse, Inc.		340,187
	7,820	M/A-COM Technology Solutions Holdings, Inc.^l		331,099
	2,500	Manhattan Associates, Inc.^l		144,050
	11,510	Marvell Technology Group, Ltd.		152,738
	70,710	MasterCard, Inc.		7,196,157
	27,525	Maxim Integrated Products, Inc.		1,099,073
	2,460	MAXIMUS, Inc.		139,138
	13,063	Methode Electronics, Inc.		456,813
	24,190	Microsemi Corporation^l		1,015,496
	417,340	Microsoft Corporation		24,038,784
	3,350	Mobileye NV^l		142,610
	16,720	Monolithic Power Systems, Inc.		1,345,960
	2,619	Nanometrics, Inc.^l		58,508
	17,460	National Instruments Corporation		495,864
	8,620	Nice, Ltd. ADR		577,023
	93,821	NVIDIA Corporation		6,428,615
	12,470	NXP Semiconductors NV^l		1,272,065
	18,329	Oclaro, Inc.^l		156,713
	14,900	ON Semiconductor Corporation^l		183,568
	264,790	Oracle Corporation		10,400,951
	2,420	OSI Systems, Inc.^l		158,220
	3,010	Palo Alto Networks, Inc.^l		479,583
	37,530	Pandora Media, Inc.^h,l		537,805
	6,300	Paylocity Holding Corporation^h,l		280,098


Shares		Common Stock (22.5%)	Value
	Information Technology (5.2%) - continued
	218,570	PayPal Holdings, Inc.^l		$8,954,813
	14,717	Pegasystems, Inc.		434,004
	13,500	Progress Software Corporation^l		367,200
	8,500	Proofpoint, Inc.^l		636,225
	10,470	PTC, Inc.^l		463,926
	8,773	Q2 Holdings, Inc.^l		251,434
	1,220	Qorvo, Inc.^l		68,003
	30,520	QUALCOMM, Inc.		2,090,620
	2,000	Qualys, Inc.^l		76,380
	13,090	RealPage, Inc.^l		336,413
	9,150	Red Hat, Inc.^l		739,594
	179,280	Salesforce.com, Inc.^l		12,788,042
	2,360	ScanSource, Inc.^l		86,140
	7,290	ServiceNow, Inc.^l		577,004
	15,300	ShoreTel, Inc.^l		122,400
	1,690	Splunk, Inc.^l		99,169
	5,300	SS&C Technologies Holdings, Inc.		170,395
	2,960	Stratasys, Ltd.^l		71,306
	21,510	Synopsys, Inc.^l		1,276,618
	42,183	Teradyne, Inc.		910,309
	2,910	Tessera Technologies, Inc.		111,860
	111,230	Texas Instruments, Inc.		7,806,121
	8,860	Trimble Navigation, Ltd.^l		253,042
	3,380	Tyler Technologies, Inc.^l		578,757
	5,840	Ultimate Software Group, Inc.^l		1,193,638
	25,952	Virtusa Corporation^l		640,495
	165,330	Visa, Inc.		13,672,791
	130,040	Xilinx, Inc.		7,066,374

		Total		242,772,353


	Materials (1.0%)
	12,530	Agnico Eagle Mines, Ltd.		678,875
	9,280	Air Products and Chemicals, Inc.		1,395,155
	65,640	Alcoa, Inc.		665,590
	7,460	American Vanguard Corporation		119,808
	7,530	Avery Dennison Corporation		585,759
	5,006	Balchem Corporation		388,115
	10,480	Ball Corporation		858,836
	69,870	Barrick Gold Corporation		1,238,096
	9,820	Boise Cascade Company^l		249,428
	7,180	Cabot Corporation		376,304
	1,610	Caesarstone Sdot-Yam, Ltd.^l		60,713
	4,600	Carpenter Technology Corporation		189,796
	23,230	Celanese Corporation		1,546,189
	9,957	Chemtura Corporation^l		326,689
	5,453	Clearwater Paper Corporation^l		352,646
	4,460	Continental Building Products, Inc.^l		93,615
	23,230	Crown Holdings, Inc.^l		1,326,201
	68,250	Dow Chemical Company		3,537,398
	2,550	Eagle Materials, Inc.		197,115
	54,936	Eastman Chemical Company		3,718,068
	19,180	Ecolab, Inc.		2,334,590
	48,530	Eldorado Gold Corporation^l		190,723
	9,550	Ferro Corporation^l		131,885
	19,660	Ferroglobe plc		177,530
	22,260	FMC Corporation		1,076,048
	54,990	Freeport-McMoRan, Inc.		597,191
	47,580	Goldcorp, Inc.		786,022
	4,620	Graphic Packaging Holding Company		64,634
	3,187	Ingevity Corporation^l		146,921
	1,800	Innophos Holdings, Inc.		70,254
	4,338	Innospec, Inc.		263,794
	37,430	International Paper Company		1,795,891
	16,330	KapStone Paper and Packaging Corporation		308,964
	83,750	Kinross Gold Corporation^l		352,588


Shares		Common Stock (22.5%)	Value
	Materials (1.0%) - continued
	2,620	Koppers Holdings, Inc.^l		$84,312
	3,250	Martin Marietta Materials, Inc.		582,108
	6,210	Materion Corporation		190,709
	5,400	Methanex Corporation		192,672
	3,476	Minerals Technologies, Inc.		245,718
	119,470	Mosaic Company		2,922,236
	20,664	Myers Industries, Inc.		268,425
	39,420	Newmont Mining Corporation		1,548,812
	34,800	Nucor Corporation		1,720,860
	2,150	Nutanix, Inc.^l		79,550
	9,880	OMNOVA Solutions, Inc.^l		83,387
	34,020	Owens-Illinois, Inc.^l		625,628
	32,693	Packaging Corporation of America		2,656,633
	3,740	PolyOne Corporation		126,449
	1,230	Quaker Chemical Corporation		130,294
	7,090	Rayonier Advanced Materials, Inc.		94,793
	3,930	Reliance Steel & Aluminum Company		283,078
	4,510	Royal Gold, Inc.		349,209
	2,970	RPM International, Inc.		159,548
	5,450	Schnitzer Steel Industries, Inc.		113,905
	1,560	Schweitzer-Mauduit International, Inc.		60,154
	6,297	Scotts Miracle-Gro Company		524,351
	13,870	Sealed Air Corporation		635,523
	2,830	Sensient Technologies Corporation		214,514
	21,270	Silver Wheaton Corporation		574,928
	13,730	Sonoco Products Company		725,356
	37,271	Steel Dynamics, Inc.		931,402
	5,110	Stillwater Mining Company^l		68,270
	37,150	Teck Resources, Ltd.		669,815
	19,583	Verso Corporation^l		126,310
	6,840	Vulcan Materials Company		777,913
	19,122	Westrock Company		927,035
	70,330	Yamana Gold, Inc.		303,122

		Total		45,198,450


	Real Estate (0.4%)
	6,820	American Assets Trust, Inc.		295,852
	8,970	American Campus Communities, Inc.		456,304
	19,840	Bluerock Residential Growth REIT, Inc.^h		257,920
	5,569	Brixmor Property Group, Inc.		154,763
	4,000	Camden Property Trust		334,960
	46,820	CBL & Associates Properties, Inc.		568,395
	12,680	CBRE Group, Inc.^l		354,786
	52,477	Cedar Realty Trust, Inc.		377,834
	19,490	Chatham Lodging Trust		375,183
	4,820	City Office REIT, Inc.		61,359
	49,180	Corporate Office Properties Trust		1,394,253
	15,020	Corrections Corporation of America		208,327
	300	CyrusOne, Inc.		14,271
	106,250	DDR Corporation		1,851,938
	3,700	Digital Realty Trust, Inc.		359,344
	12,950	Duke Realty Corporation		353,923
	15,080	DuPont Fabros Technology, Inc.		622,050
	870	EastGroup Properties, Inc.		63,997
	17,042	First Potomac Realty Trust		155,934
	16,000	Franklin Street Properties Corporation		201,600
	12,150	General Growth Properties, Inc.		335,340
	2,500	Hersha Hospitality Trust		45,050
	32,230	HFF, Inc.		892,449
	6,290	Hospitality Properties Trust		186,939
	47,748	Host Hotels & Resorts, Inc.		743,436
	7,890	Hudson Pacific Properties, Inc.		259,344
	9,240	InfraREIT, Inc.		167,614


Shares		Common Stock (22.5%)	Value
	Real Estate (0.4%) - continued
	2,520	Jones Lang LaSalle, Inc.		$286,751
	32,070	LaSalle Hotel Properties		765,511
	19,030	Liberty Property Trust		767,861
	3,610	Life Storage, Inc.		321,073
	1,800	Mid-America Apartment Communities, Inc.		169,182
	2,360	Outfront Media, Inc.		55,814
	10,650	Parkway Properties, Inc.		181,157
	8,253	Pebblebrook Hotel Trust		219,530
	9,430	Physicians Realty Trust		203,122
	2,506	Potlatch Corporation		97,458
	8,830	RE/MAX Holdings, Inc.		386,577
	18,860	Retail Properties of America, Inc.		316,848
	9,810	Silver Bay Realty Trust Corporation REIT		171,969
	32,758	Summit Hotel Properties, Inc.		431,095
	15,502	Terreno Realty Corporation		426,460
	7,520	Tier REIT, Inc.		116,109
	4,860	Urstadt Biddle Properties, Inc.		107,989

		Total		16,117,671


	Telecommunications Services (0.2%)
	25,460	AT&T, Inc.		1,033,931
	940	ATN International, Inc.		61,138
	27,160	Cincinnati Bell, Inc.^l		110,813
	4,450	FairPoint Communications, Inc.^l		66,883
	5,930	General Communication, Inc.^l		81,537
	11,090	Inteliquent, Inc.		178,993
	9,170	Level 3 Communications, Inc.^l		425,305
	11,100	SBA Communications Corporation^l		1,244,976
	117,749	Verizon Communications, Inc.		6,120,593
	35,450	Vonage Holdings Corporation^l		234,324

		Total		9,558,493


	Utilities (0.6%)
	13,940	Alliant Energy Corporation		534,041
	3,280	American Electric Power Company, Inc.		210,609
	10,690	American States Water Company		428,135
	16,360	Aqua America, Inc.		498,653
	5,630	Artesian Resources Corporation		160,680
	24,120	Avista Corporation		1,007,975
	4,790	Consolidated Water Company, Ltd.		55,660
	9,400	DTE Energy Company		880,498
	24,680	Edison International, Inc.		1,783,130
	44,630	Eversource Energy		2,418,053
	20,370	Exelon Corporation		678,117
	14,270	Great Plains Energy, Inc.		389,428
	35,240	MDU Resources Group, Inc.		896,506
	2,400	Middlesex Water Company		84,576
	10,440	NiSource, Inc.		251,708
	168,280	PG&E Corporation		10,293,688
	24,390	Portland General Electric Company		1,038,770
	10,750	Public Service Enterprise Group, Inc.		450,102
	6,820	Renewable Energy Group, Inc.^l		57,765
	28,050	Southern Company		1,438,965
	2,290	Southwest Gas Corporation		159,979
	7,081	Spire, Inc.		451,343
	1,426	Unitil Corporation		55,700
	36,060	Vectren Corporation		1,810,212
	5,820	WEC Energy Group, Inc.		348,502

		Total		26,382,795



		Total Common Stock (cost $912,785,843)		1,040,623,763


Shares		Preferred Stock (<0.1%)	Value
	Energy (<0.1%)
	11,476	Alpha Natural Resources, Inc.^l		$67,479
	11,476	ANR Holdings, Inc.^l		17,558

		Total		85,037



		Total Preferred Stock (cost $43,842)		85,037


Shares		Collateral Held for Securities Loaned (0.6%)	Value
	28,663,051	Thrivent Cash Management Trust		28,663,051

		Total Collateral Held for Securities Loaned (cost $28,663,051)		28,663,051


Shares or Principal Amount		Short-Term Investments (21.1%)^m	Value
		Federal Home Loan Bank Discount Notes
	7,200,000	0.370%, 10/12/2016ⁿ		7,199,654
	3,500,000	0.370%, 10/14/2016ⁿ		3,499,797
	3,200,000	0.375%, 10/21/2016ⁿ		3,199,696
	200,000	0.260%, 10/25/2016ⁿ		199,977
	4,200,000	0.355%, 10/28/2016ⁿ		4,199,446
	1,700,000	0.300%, 11/2/2016ⁿ		1,699,689
	200,000	0.300%, 11/23/2016ⁿ		199,938
	100,000	0.350%, 12/7/2016ⁿ		99,953
		Thrivent Core Short-Term Reserve Fund
	95,618,365	0.750%		956,183,648

		Total Short-Term Investments (cost $976,479,940)		976,481,798

		Total Investments (cost $5,056,335,290) 114.5%		$5,299,176,361

		Other Assets and Liabilities, Net (14.5%)		(671,815,438)

		Total Net Assets 100.0%		$4,627,360,923

a	The stated interest rate represents the weighted average of all contracts within the bank loan facility.

b	All or a portion of the loan is unfunded.

c	Denotes investments purchased on a when-issued or delayed delivery basis.

d	In bankruptcy. Interest is not being accrued.

f	Denotes variable rate securities. Variable rate securities are securities whose yields vary with a designated market index or market rate. The rate shown is as of September 30, 2016.

g	Denotes step coupon securities. Step coupon securities pay an initial coupon rate for the first period and then different coupon rates for following periods. The rate shown is as of September 30, 2016.

h	All or a portion of the security is on loan.

i	Denotes perpetual securities. Perpetual securities pay an indefinite stream of interest, but may be called by the issuer at an earlier date.

k	At September 30, 2016, $120,130 of investments were segregated to cover exposure to a counterparty for margin on open mortgage-backed security transactions.

l	Non-income producing security.

m	The interest rate shown reflects the yield, coupon rate or the discount rate at the date of purchase.

n	All or a portion of the security is held on deposit with the counterparty and pledged as the initial margin deposit for open futures contracts.

Denotes restricted securities. Restricted securities are investment securities which have been deemed illiquid and cannot be offered for public sale without first being registered under the Securities Act of 1933. The value of all restricted securities held in Moderately Conservative Allocation Portfolio as of September 30, 2016 was $70,568,847 or 1.5% of total net assets. The following table indicates the acquisition date and cost of restricted securities shown in the schedule as of September 30, 2016.


Security	Acquisition Date		Cost
Alm Loan Funding CLO, 10/17/2026		7/31/2014	$	824,588
Angel Oak Mortgage Trust I, LLC, 7/25/2046		8/15/2016		1,416,220
Apidos CLO XVIII, 7/22/2026		6/25/2014		822,937
Ares CLO, Ltd., 11/15/2025		11/26/2014		1,500,000
Ares CLO, Ltd., 10/12/2023		5/15/2015		2,800,000
Babson CLO, Ltd., 10/17/2026		8/15/2014		824,588
Betony CLO, Ltd., 4/15/2027		2/25/2015		750,000
Birchwood Park CLO, Ltd., 7/15/2026		7/31/2014		825,000
BlueMountain CLO, Ltd., 10/15/2026		8/27/2014		824,167
CAM Mortgage, LLC, 7/15/2064		6/24/2015		324,278
Carlyle Global Market Strategies CLO, Ltd., 10/15/2026		9/19/2014		825,000
Carlyle Global Market Strategies CLO, Ltd., 7/20/2023		7/3/2014		825,000
Cent CLO 16, LP, 8/1/2024		9/5/2014		825,000
Cent CLO 22, Ltd., 11/7/2026		9/19/2014		825,000
Digicel, Ltd., 4/15/2021		8/18/2014		2,496,297
DRB Prime Student Loan Trust, 7/25/2031		9/23/2015		743,755
DRB Prime Student Loan Trust, 10/27/2031		9/30/2016		2,294,798
DRB Prime Student Loan Trust, 1/25/2040		12/4/2015		3,371,516
Dryden 34 Senior Loan Fund CLO, 10/15/2026		7/21/2014		825,000
Edlinc Student Loan Funding Trust, 10/1/2025		2/28/2013		791,114
Galaxy XX CLO, Ltd., 7/20/2027		5/20/2015		2,650,000
GoldenTree Loan Opportunities IX, Ltd., 10/29/2026		10/3/2014		824,175
Golub Capital Partners CLO 22B, Ltd., 2/20/2027		2/6/2015		1,566,968
Golub Capital Partners CLO 23M, Ltd., 5/5/2027		5/18/2015		798,000
Limerock CLO III, LLC, 10/20/2026		10/16/2014		2,500,000
Madison Park Funding XIV CLO, Ltd., 7/20/2026		7/3/2014		898,920
Madison Park Funding, Ltd., 8/15/2022		5/8/2015		2,975,000
Magnetite XII, Ltd., 4/15/2027		2/6/2015		2,600,000
Marlette Funding Trust, 1/17/2023		7/20/2016		1,489,516
Mountain View CLO, Ltd., 7/15/2027		5/13/2015		2,618,201
Neuberger Berman CLO, Ltd., 8/4/2025		6/19/2014		700,000
NZCG Funding CLO, Ltd., 4/27/2027		3/27/2015		2,650,000
Octagon Investment Partners XX CLO, Ltd., 8/12/2026		7/10/2014		825,000
OHA Loan Funding, Ltd., 10/20/2026		11/6/2014		2,493,750
OZLM VIII, Ltd., 10/17/2026		8/7/2014		820,297
Pretium Mortgage Credit Partners, LLC, 10/27/2030		10/6/2015		1,715,934
Race Point IX CLO, Ltd., 4/15/2027		2/13/2015		1,925,000
Shackleton VII CLO, Ltd., 4/15/2027		3/27/2015		2,650,000
Sunset Mortgage Loan Company, LLC, 9/18/2045		10/2/2015		1,236,865
Sunset Mortgage Loan Company, LLC, 7/16/2047		7/27/2016		3,624,516
Symphony CLO VIII, Ltd., 1/9/2023		9/15/2014		768,530


Security	Acquisition Date		Cost
Symphony CLO XV, Ltd., 10/17/2026		10/17/2016	$	2,481,250
Vericrest Opportunity Loan Transferee, 2/25/2055		2/25/2015		666,822
Vericrest Opportunity Loan Transferee, 10/25/2058		2/6/2015		3,413,231
Voya CLO 3, Ltd., 7/25/2026		7/10/2014		823,762

The following table presents the total amount of securities loaned with continuous maturity, by type, offset by the gross payable upon return of collateral for securities loaned by Thrivent Moderately Conservative Allocation Portfolio as of September 30, 2016:

Securities Lending Transactions


Taxable Debt Security	$	12,500,150
Common Stock		15,431,536

Total lending	$	27,931,686
Gross amount payable upon return of collateral for securities loaned	$	28,663,051

Net amounts due to counterparty	$	731,365

Definitions:


ADR	-	American Depositary Receipt, which are certificates for an underlying foreign security’s shares held by an issuing U.S. depository bank.
CLO	-	Collateralized Loan Obligation
ETF	-	Exchange Traded Fund.
REIT	-	Real Estate Investment Trust is a company that buys, develops, manages and/or sells real estate assets.
TIPS	-	Treasury Inflation Protected Security.

Unrealized Appreciation (Depreciation)


Gross unrealized appreciation and depreciation of investments, based on cost for federal income tax purposes, were as follows:

Gross unrealized appreciation	$	282,486,430
Gross unrealized depreciation		(39,645,359)

Net unrealized appreciation (depreciation)	$	242,841,071

Cost for federal income tax purposes	$	5,056,335,290

The following table is a summary of the inputs used, as of September 30, 2016, in valuing Moderately Conservative Allocation Portfolio’s assets carried at fair value.

There were no significant transfers between Levels during the period ended September 30, 2016. Transfers between Levels are identified as of the end of the period.

The following table presents Moderately Conservative Allocation Portfolio’s futures contracts held as of September 30, 2016. Investments and/or cash totaling $20,298,149 were pledged as the initial margin deposit for these contracts.

A summary of transactions for the fiscal year to date, in Moderately Conservative Allocation Portfolio, is as follows:


Principal Amount		Bank Loans (11.7%)^a	Value
	Basic Materials (0.7%)
		Chemours Company, Term Loan
	$94,752	3.750%, 5/12/2022^b,c		$93,745
		Fortescue Metals Group, Ltd., Term Loan
	190,513	3.750%, 6/30/2019		190,252
		Ineos US Finance, LLC, Term Loan
	208,746	3.750%, 12/15/2020		209,111
		Tronox Pigments BV, Term Loan
	116,953	4.500%, 3/19/2020		115,638

		Total		608,746


	Capital Goods (0.7%)
		Accudyne Industries, LLC, Term Loan
	67,089	4.000%, 12/13/2019		62,616
		ADS Waste Holdings, Inc., Term Loan
	56,638	3.750%, 10/9/2019		56,665
		Berry Plastics Group, Inc., Term Loan
	76,671	3.500%, 2/8/2020		76,719
		Cortes NP Acquisition Corporation, Term Loan
	265,000	0.000%, 10/3/2023^b,c		259,038
		HD Supply, Inc., Term Loan
	30,000	0.000%, 10/16/2023^b,c		30,037
		Rexnord, LLC, Term Loan
	52,516	4.000%, 8/21/2020		52,562
		Reynolds Group, Inc., Term Loan
	65,000	0.000%, 2/5/2023^b,c		65,183

		Total		602,820


	Communications Services (3.1%)
		Atlantic Broadband Penn, LLC, Term Loan
	48,003	3.250%, 11/30/2019		48,003
		Birch Communication Inc., Term Loan
	102,006	7.750%, 7/17/2020		78,034
		Block Communications, Inc., Term Loan
	109,166	4.088%, 11/7/2021		109,712
		Charter Communications Operating, LLC, Term Loan
	25,409	3.000%, 7/1/2020		25,476
		Cincinnati Bell, Inc., Term Loan
	89,875	4.000%, 9/10/2020		90,145
		CommScope, Inc., Term Loan
	89,100	3.750%, 12/29/2022		89,852
		CSC Holdings, LLC, Term Loan
	37,406	5.000%, 10/9/2022		37,445
		FairPoint Communications, Inc., Term Loan
	166,075	7.500%, 2/14/2019		165,985
		Grande Communications Networks, LLC, Term Loan
	104,494	4.500%, 5/29/2020		104,494
		Gray Television, Inc., Term Loan
	66,772	3.938%, 6/13/2021		67,127
		Hargray Communications Group, Inc., Term Loan
	48,852	5.250%, 6/26/2019		49,056
		Integra Telecom Holdings, Inc., Term Loan
	69,778	5.250%, 8/14/2020		69,255


Principal Amount		Bank Loans (11.7%)^a	Value
	Communications Services (3.1%) - continued
		Intelsat Jackson Holdings SA, Term Loan
	$42,173	3.750%, 6/30/2019		$40,055
		Level 3 Communications, Inc., Term Loan
	79,000	4.000%, 8/1/2019		79,296
		Liberty Cablevision of Puerto Rico, LLC, Term Loan
	145,000	4.500%, 1/7/2022		142,916
		LTS Buyer, LLC, Term Loan
	83,179	4.088%, 4/13/2020		83,153
		MCC Georgia, LLC, Term Loan
	78,200	3.750%, 6/30/2021		78,420
		NEP/NCP Holdco, Inc., Term Loan
	209,509	4.250%, 1/22/2020^b,c		208,461
		Nexstar Broadcasting, Inc., Term Loan
	130,000	0.000%, 9/26/2023^b,c		130,595
		Numericable US, LLC, Term Loan
	74,438	4.564%, 7/29/2022		74,926
	114,750	5.002%, 1/15/2024		115,783
		SBA Senior Finance II, LLC, Term Loan
	97,750	3.340%, 3/24/2021		97,921
		TNS, Inc., Term Loan
	44,721	5.000%, 2/14/2020		44,972
		Univision Communications, Inc., Term Loan
	104,423	4.000%, 3/1/2020		104,603
		Virgin Media Investment Holdings, Ltd., Term Loan
	54,539	3.649%, 6/30/2023		54,756
		WideOpenWest Finance, LLC, Term Loan
	150,000	4.500%, 8/18/2023		149,282
		WMG Acquisition Corporation, Term Loan
	42,027	3.750%, 7/1/2020		41,974
		XO Communications, LLC, Term Loan
	97,524	4.250%, 3/20/2021		97,687
		Yankee Cable Acquisition, LLC, Term Loan
	89,256	4.250%, 3/1/2020		89,201
		Zayo Group, LLC, Term Loan
	101,071	3.750%, 5/6/2021		101,493

		Total		2,670,078


	Consumer Cyclical (2.1%)
		Amaya BV, Term Loan
	185,004	5.000%, 8/1/2021		184,773
		Burlington Coat Factory Warehouse Corporation, Term Loan
	86,035	3.500%, 8/13/2021		86,609
		Cengage Learning Acquisitions, Term Loan
	164,587	5.250%, 6/7/2023		164,382
		Ceridian HCM Holding, Inc., Term Loan
	50,908	4.500%, 9/15/2020		49,699
		Charter Communications Operating, LLC, Term Loan
	52,245	3.000%, 1/3/2021		52,384
		Dollar Tree, Inc., Term Loan
	34,205	3.063%, 7/6/2022		34,418


Principal Amount		Bank Loans (11.7%)^a	Value
	Consumer Cyclical (2.1%) - continued
		Golden Nugget, Inc., Term Loan
	$35,000	0.000%, 11/21/2019^b,c		$35,175
	40,432	0.000%, 11/21/2019		40,634
		Golden Nugget, Inc., Term Loan Delayed Draw
	15,000	0.000%, 11/21/2019^b,c		15,075
	17,328	0.000%, 11/21/2019		17,415
		IMG Worldwide, Inc., Term Loan
	127,521	5.250%, 5/6/2021		127,872
	60,000	8.250%, 5/6/2022		59,888
		KAR Auction Services, Inc., Term Loan
	109,450	4.375%, 3/9/2023		110,818
		Michaels Stores, Inc., Term Loan
	72,318	4.000%, 1/30/2023		72,589
		Mohegan Tribal Gaming Authority, Term Loan
	114,694	5.500%, 6/15/2018		114,579
	150,000	0.000%, 9/30/2023^b,c		149,062
		Scientific Games International, Inc., Term Loan
	105,030	6.000%, 10/18/2020		105,325
	238,471	6.000%, 10/1/2021		238,836
		Seminole Hard Rock Entertainment, Inc., Term Loan
	48,864	3.588%, 5/14/2020		48,925
		Seminole Indian Tribe of Florida, Term Loan
	73,064	3.088%, 4/29/2020		73,247

		Total		1,781,705


	Consumer Non-Cyclical (1.9%)
		Air Medical Group Holdings, Inc., Term Loan
	201,994	5.000%, 4/28/2022		203,004
		Albertson’s, LLC, Term Loan
	24,875	4.750%, 12/21/2022		25,108
		CHS/Community Health Systems, Inc., Term Loan
	47,820	3.750%, 1/27/2021		46,898
	162,798	4.000%, 1/27/2021^b,c		159,705
		Endo Luxembourg Finance I Co Sarl, Term Loan
	99,250	3.750%, 9/26/2022		98,974
		JBS USA, LLC, Term Loan
	71,201	3.750%, 5/25/2018		71,082
	9,773	3.750%, 9/18/2020		9,773
	24,813	4.000%, 10/30/2022		24,781
		Libbey Glass, Inc., Term Loan
	70,756	3.750%, 4/9/2021		70,933
		LTF Merger Sub, Inc., Term Loan
	74,062	4.250%, 6/10/2022		74,076
		Mallinckrodt International Finance SA, Term Loan
	44,658	3.588%, 3/19/2021		44,644
		McGraw-Hill Global Education Holdings, LLC, Term Loan
	134,663	5.000%, 5/4/2022		135,369
		MultiPlan, Inc., Term Loan
	90,893	5.000%, 6/7/2023		91,987
		Ortho-Clinical Diagnostics, Inc., Term Loan
	137,072	4.750%, 6/30/2021		133,875


Principal Amount		Bank Loans (11.7%)^a	Value
	Consumer Non-Cyclical (1.9%) - continued
		Revlon Consumer Products Corporation, Term Loan
	$70,000	4.250%, 9/7/2023		$70,095
		Valeant Pharmaceuticals International, Inc., Term Loan
	324,998	5.500%, 4/1/2022^b,c		325,843

		Total		1,586,147


	Energy (0.7%)
		Arch Coal, Inc., Term Loan
	154,142	7.500%, 5/16/2018^d		117,661
		Energy Solutions, LLC, Term Loan
	62,020	6.750%, 5/29/2020		61,710
		Exgen Renewables I, LLC, Term Loan
	49,592	5.250%, 2/8/2021		50,025
		Houston Fuel Oil Terminal, LLC, Term Loan
	69,645	4.250%, 8/19/2021		68,252
		McJunkin Red Man Corporation, Term Loan
	75,367	5.000%, 11/8/2019		73,421
		MEG Energy Corporation, Term Loan
	73,647	3.750%, 3/31/2020		68,553
		Pacific Drilling SA, Term Loan
	78,367	4.500%, 6/3/2018		21,590
		Targa Resources Partners, LP, Term Loan
	45,000	5.750%, 2/27/2022		45,000
		Western Refining, Inc., Term Loan
	39,694	5.250%, 11/12/2020		39,570
	29,925	5.500%, 6/23/2023		29,850

		Total		575,632


	Financials (0.7%)
		Delos Finance Sarl, Term Loan
	100,000	3.588%, 3/6/2021		100,667
		DJO Finance, LLC, Term Loan
	39,600	4.250%, 6/7/2020		38,858
		Harland Clarke Holdings Corporation, Term Loan
	48,487	7.000%, 5/22/2018		47,840
	87,750	7.000%, 12/31/2019		85,973
		MoneyGram International, Inc., Term Loan
	119,690	4.250%, 3/27/2020		115,800
		TransUnion, LLC, Term Loan
	87,750	3.588%, 4/9/2021		87,970
		WaveDivision Holdings, LLC, Term Loan
	109,647	4.000%, 10/15/2019		109,601

		Total		586,709


	Technology (1.3%)
		Avago Technoligies Cayman Finance, Ltd., Term Loan
	168,680	3.524%, 2/1/2023		170,601
		First Data Corporation, Term Loan
	99,872	4.525%, 3/24/2021		100,565
	50,000	4.275%, 7/8/2022		50,263
		JDA Software Group, Inc., Term Loan
	105,000	0.000%, 9/21/2023^b,c		105,026
		Micron Technology, Inc., Term Loan
	69,825	6.530%, 4/26/2022		70,536
		NXP BV, Term Loan
	80,000	0.000%, 12/7/2020^b,c		80,280


Principal Amount		Bank Loans (11.7%)^a	Value
	Technology (1.3%) - continued
		ON Semiconductor Corporation, Term Loan
	$235,000	3.776%, 9/19/2023^b,c		$235,966
		SS&C European Holdings SARL, Term Loan
	4,673	4.000%, 7/8/2022		4,706
	37,600	4.000%, 7/8/2022		37,858
		Versum Materials, Inc., Term Loan
	30,000	0.000%, 9/21/2023^b,c		30,125
		Western Digital Corporation, Term Loan
	199,500	4.500%, 4/29/2023		201,371

		Total		1,087,297


	Transportation (0.3%)
		OSG Bulk Ships, Inc., Term Loan
	86,521	5.250%, 8/5/2019		86,196
		XPO Logistics, Inc., Term Loan
	216,395	4.250%, 10/30/2021		217,523

		Total		303,719


	Utilities (0.2%)
		Calpine Corporation, Term Loan
	83,715	3.590%, 5/27/2022		83,896
		Intergen NV, Term Loan
	64,696	5.500%, 6/12/2020		60,814

		Total		144,710



		Total Bank Loans (cost $10,004,432)		9,947,563


Shares		Common Stock (62.0%)	Value
	Consumer Discretionary (9.9%)
	1,670	Amazon.com, Inc.^e		1,398,308
	860	AutoZone, Inc.^e		660,772
	200	Bayerische Motoren Werke AG		14,761
	100	Beiersdorf AG		9,439
	3,500	Berkeley Group Holdings plc		116,947
	500	Brembo SPA		29,836
	4,200	Bridgestone Corporation		154,744
	2,116	Bunzl plc		62,397
	2,990	Burlington Stores, Inc.^e		242,250
	2,000	Calsonic Kansei Corporation		18,527
	2,465	Cedar Fair, LP		141,220
	4,300	Cineworld Group plc		32,305
	11,086	Comcast Corporation		735,445
	900	Compass Group plc		17,430
	17,100	Debenhams plc		12,352
	5,100	Denso Corporation		203,513
	4,600	Eutelsat Communications		95,208
	7,590	Ford Motor Company		91,611
	4,700	Fuji Heavy Industries, Ltd.		176,342
	3,190	General Motors Company		101,346
	6,000	Gunze, Ltd.		19,384
	1,200	Hakuhodo Dy Holdings, Inc.		14,064
	400	Hennes & Mauritz AB		11,290
	11,500	Honda Motor Company, Ltd.		331,893
	6,300	Inchcape plc		53,756
	1,000	Intertek Group plc		45,144
	2,900	Kingfisher plc		14,149
	200	Koito Manufacturing Company, Ltd.		9,734
	500	KOMERI Company, Ltd.		12,167
	380	Linamar Corporation		15,867
	300	LVMH Moet Hennessy Louis Vuitton SE		51,154


Shares		Common Stock (62.0%)	Value
	Consumer Discretionary (9.9%) - continued
	3,000	Marks and Spencer Group plc		$12,870
	2,680	Masonite International Corporation^e		166,616
	7,893	MDC Partners, Inc.		84,613
	3,880	Newell Brands, Inc.		204,321
	400	Nifco, Inc.		21,250
	12,340	NIKE, Inc.		649,701
	600	Nokian Renkaat Oyj		21,876
	100	Paddy Power plc		11,308
	6,800	Persimmon plc		159,885
	3,142	Restoration Hardware Holdings, Inc.^e		108,650
	200	RTL Group SA		16,615
	1,500	Sekisui House, Ltd.		25,555
	2,100	SHOWA Corporation		11,066
	1,000	Sky plc		11,590
	5,090	Starbucks Corporation		275,573
	4,900	Sumitomo Forestry Company, Ltd.		65,580
	2,900	Sumitomo Rubber Industries, Ltd.		43,865
	200	Swatch Group AG		11,136
	5,100	Tatts Group, Ltd.		14,334
	11,510	Time, Inc.		166,665
	5,020	Toll Brothers, Inc.^e		149,897
	200	Toyota Motor Corporation		11,601
	2,220	Tractor Supply Company		149,517
	100	Valora Holding AG		28,497
	2,000	Wacoal Holdings Corporation		22,576
	7,550	Walt Disney Company		701,093
	300	Whirlpool Corporation		48,648
	600	Whitbread plc		30,451
	4,217	Wolters Kluwer NV		180,283
	3,000	WPP plc		70,517
	1,600	Yokohama Rubber Company, Ltd.		25,612

		Total		8,395,116


	Consumer Staples (3.4%)
	4,740	AdvancePierre Foods Holdings, Inc.		130,634
	4,499	Anheuser-Busch InBev NV ADR		591,214
	2,400	Axfood AB		42,370
	1,164	British American Tobacco plc		74,235
	4,400	Coca-Cola HBC AG		102,218
	900	Ebro Foods SA		20,935
	143	George Weston, Ltd.		11,929
	900	Henkel AG & Company KGaA		104,971
	6,947	Imperial Brands plc		357,565
	800	Jeronimo Martins SGPS SA		13,865
	900	Kao Corporation		50,884
	400	Kesko Oyj		18,428
	12,352	Koninklijke Ahold Delhaize NV		281,330
	1,300	Nestle SA		102,653
	5,700	Philip Morris International, Inc.		554,154
	284	Premium Brands Holdings Corporation		13,378
	1,000	Suedzucker AG		27,811
	200	Universal Corporation		11,644
	2,970	Walgreens Boots Alliance, Inc.		239,441
	2,080	WhiteWave Foods Company^e		113,214

		Total		2,862,873


	Energy (3.8%)
	3,219	Baytex Energy Corporation^e		13,667
	84,427	BP plc		492,100
	2,910	Continental Resources, Inc.^e		151,204
	478	Contura Energy, Inc.^e		19,956
	6,520	EOG Resources, Inc.		630,549
	7,290	EQT Corporation		529,400
	3,870	OMV AG		111,426
	4,660	Parsley Energy, Inc.^e		156,157


Shares		Common Stock (62.0%)	Value
	Energy (3.8%) - continued
	1,060	Pioneer Natural Resources Company		$196,789
	3,323	Royal Dutch Shell plc		82,925
	143	Royal Dutch Shell plc, Class A		3,557
	7,648	Royal Dutch Shell plc, Class B		198,279
	3,274	Statoil ASA		54,965
	3,034	Total SA		144,299
	170	Vantage Drilling International^e		13,430
	79,220	Weatherford International plc^e		445,216

		Total		3,243,919


	Financials (8.2%)
	1,060	Affiliated Managers Group, Inc.^e		153,382
	1,800	AIA Group, Ltd.		12,105
	3,200	Allianz SE		475,555
	8,600	Apollo Investment Corporation		49,880
	3,950	Ares Capital Corporation		61,225
	7,100	Australia & New Zealand Banking Group, Ltd.		151,241
	12,100	Banco Santander SA		53,680
	8,800	Bank of East Asia, Ltd.		35,916
	1,689	Bank of Montreal		110,677
	5,762	Bank of Nova Scotia		305,327
	4,510	Bank of the Ozarks, Inc.		173,184
	170	Canadian Imperial Bank of Commerce		13,182
	598	Canadian Western Bank		11,509
	3,000	Chiba Bank, Ltd.		17,038
	2,110	CI Financial Corporation		40,481
	11,000	Citigroup, Inc.		519,530
	3,900	CNP Assurances		65,524
	600	Danske Bank AS		17,554
	12,773	Direct Line Insurance Group plc		60,336
	10,070	Encore Capital Group, Inc.^e		226,374
	3,700	Erste Group Bank AG		109,564
	700	EXOR SPA		28,344
	17,700	FlexiGroup, Ltd.		31,603
	26,000	Fukuoka Financial Group, Inc.		108,065
	967	Genworth MI Canada, Inc.		24,883
	100	Groupe Bruxelles Lambert SA		8,876
	3,700	Hang Seng Bank, Ltd.		66,420
	1,500	Hannover Rueckversicherung SE		160,794
	21,700	Henderson Group plc		65,141
	863	Intact Financial Corporation		62,386
	2,190	Intercontinental Exchange, Inc.		589,898
	16,800	Investec plc		102,408
	8,390	J.P. Morgan Chase & Company		558,690
	15,400	KeyCorp		187,418
	2,300	Macquarie Group, Ltd.		145,462
	54,600	Mizuho Financial Group, Inc.		92,025
	1,000	MS and AD Insurance Group Holdings, Inc.		27,871
	1,100	National Australia Bank, Ltd.		23,646
	6,589	National Bank of Canada		233,637
	3,200	Nordea Bank AB		31,777
	4,500	Old Mutual plc		11,795
	4,011	Power Corporation of Canada		84,962
	569	Power Financial Corporation		13,185
	2,160	Raymond James Financial, Inc.		125,734
	746	Schroders plc		26,051
	2,600	Swiss Re AG		234,828
	15,260	Synchrony Financial		427,280
	6,400	T&D Holdings, Inc.		72,199
	500	Talanx AG		15,258
	300	Tokio Marine Holdings, Inc.		11,505
	1,046	Toronto-Dominion Bank		46,434
	8,300	United Overseas Bank, Ltd.		115,152


Shares		Common Stock (62.0%)	Value
	Financials (8.2%) - continued
	8,000	Westpac Banking Corporation		$182,018
	5,460	XL Group, Ltd.		183,620
	6,920	Zions Bancorporation		214,658

		Total		6,977,287


	Health Care (6.6%)
	19,220	Abbott Laboratories		812,814
	5,790	Akorn, Inc.^e		157,835
	2,430	Allergan plc^e		559,653
	1,200	CSL, Ltd.		98,677
	2,424	Essilor International SA		312,687
	3,200	Gilead Sciences, Inc.		253,184
	1,900	Grifols SA		40,955
	1,900	Hikma Pharmaceuticals plc		49,631
	4,700	Hologic, Inc.^e		182,501
	167	ICON plc^e		12,921
	300	Lonza Group AG		57,420
	6,840	Medtronic plc		590,976
	12,210	Merck & Company, Inc.		762,026
	1,000	Merck KGaA		107,865
	3,400	Novartis AG		268,329
	3,400	Novo Nordisk AS		141,708
	7,272	Pfizer, Inc.		246,303
	400	Roche Holding AG-Genusschein		99,399
	2,900	Sanofi		220,839
	1,080	Teleflex, Inc.		181,494
	3,280	Vertex Pharmaceuticals, Inc.^e		286,049
	1,150	Waters Corporation^e		182,263

		Total		5,625,529


	Industrials (7.0%)
	3,300	ABB, Ltd.		74,375
	1,000	Adecco SA		56,366
	12,300	Air New Zealand, Ltd.		16,685
	1,600	Amada Holdings Company, Ltd.		16,644
	400	Andritz AG		21,767
	8,000	Asahi Glass Company, Ltd.		51,728
	500	Atlas Copco Aktiebolag		15,052
	1,300	Babcock International Group plc		17,404
	700	Berendsen plc		11,254
	200	Brenntag AG		10,930
	2,233	Canadian National Railway Company		145,967
	900	Capita plc		7,796
	7,000	Cathay Pacific Airways, Ltd.		9,786
	2,000	Dai Nippon Printing Company, Ltd.		19,619
	1,922	Dart Group plc		10,438
	100	DCC plc		9,086
	3,730	Delta Air Lines, Inc.		146,813
	1,500	Deutsche Post AG		46,963
	1,000	DSV AS		49,895
	1,300	East Japan Railway Company		117,343
	3,250	EMCOR Group, Inc.		193,765
	1,170	Equifax, Inc.		157,459
	300	Flughafen Zuerich AG		58,648
	700	Fraport AG Frankfurt Airport Services Worldwide		38,311
	800	Hitachi Transport System, Ltd.		15,986
	200	Hochtief AG		28,225
	4,714	Illinois Tool Works, Inc.		564,926
	1,000	Inaba Denki Sangyo Company, Ltd.		36,146
	9,720	Ingersoll-Rand plc		660,377
	19,400	ITOCHU Corporation		244,238
	9,460	Jacobs Engineering Group, Inc.^e		489,271
	600	Jardine Matheson Holdings, Ltd.		36,366
	2,000	Kamigumi Company, Ltd.		17,448
	4,900	KITZ Corporation		27,120


Shares		Common Stock (62.0%)	Value
	Industrials (7.0%) - continued
	5,100	KONE Oyj		$258,913
	1,049	Koninklijke Boskalis Westminster NV		37,335
	200	Kuehne & Nagel International AG		29,065
	900	Kurita Water Industries, Ltd.		21,385
	200	Legrand SA		11,791
	6,500	Marubeni Corporation		33,391
	4,870	Masco Corporation		167,090
	7,100	Meggitt plc		41,440
	1,520	Middleby Corporation^e		187,902
	1,900	MIRAIT Holdings Corporation		16,190
	6,000	Mitsubishi Electric Corporation		76,900
	2,000	Mitsuboshi Belting, Ltd.		16,994
	12,300	Mitsui & Company, Ltd.		170,464
	3,000	Nippon Express Company, Ltd.		14,025
	3,400	Nitto Kogyo Corporation		44,632
	700	Randstad Holding NV		31,831
	105	Rieter Holding AG		21,302
	1,800	Sanwa Holdings Corporation		17,426
	300	Schindler Holding AG, Participation Certificate		56,335
	1,700	Siemens AG		199,344
	1,000	Skanska AB		23,363
	1,800	SKF AB		31,085
	3,000	Smiths Group plc		56,947
	400	Southwest Airlines Company		15,556
	500	TOTO, Ltd.		18,904
	5,050	Union Pacific Corporation		492,526
	2,800	Vinci SA		214,420
	1,740	WABCO Holdings, Inc.^e		197,542
	759	WSP Global, Inc.		23,911
	600	Yuasa Trading Company, Ltd.		13,785

		Total		5,965,991


	Information Technology (9.5%)
	790	Alphabet, Inc., Class A^e		635,207
	411	Alphabet, Inc., Class C^e		319,466
	8,570	Apple, Inc.		968,839
	1,800	Canon, Inc.		52,258
	2,380	Check Point Software Technologies, Ltd.^e		184,712
	4,680	Facebook, Inc.^e		600,304
	8,150	Finisar Corporation^e		242,870
	4,200	FUJIFILM Holdings NPV		155,580
	900	Halma plc		12,219
	400	Hoya Corporation		16,091
	6,910	Juniper Networks, Inc.		166,255
	900	Kyocera Corporation		43,248
	700	Micro Focus International plc		19,925
	12,960	Microsoft Corporation		746,496
	1,800	NEC Networks & System Integration Corporation		30,661
	600	Nice, Ltd.		39,952
	1,000	NS Solutions Corporation		17,476
	300	NTT Data Corporation		14,983
	65	NVIDIA Corporation		4,454
	200	Oracle Corporation Japan		11,300
	1,710	Palo Alto Networks, Inc.^e		272,454
	17,850	Pandora Media, Inc.^e		255,791
	12,570	PayPal Holdings, Inc.^e		514,993
	3,290	Plantronics, Inc.		170,948
	11,900	Pure Storage, Inc.^e		161,245
	2,740	Salesforce.com, Inc.^e		195,444
	100	SAP SE		9,145
	400	Trend Micro, Inc.		13,954
	3,060	Twitter, Inc.^e		70,533
	1,060	Ultimate Software Group, Inc.^e		216,653


Shares		Common Stock (62.0%)	Value
	Information Technology (9.5%) - continued
	300	United Internet AG		$13,286
	5,370	Vantiv, Inc.^e		302,170
	9,280	Visa, Inc.		767,456
	15,120	Xilinx, Inc.		821,621

		Total		8,067,989


	Materials (1.9%)
	900	Adeka Corporation		12,452
	300	Air Liquide SA		32,171
	1,100	Amcor, Ltd.		12,812
	540	Ashland Global Holdings, Inc.		62,613
	12,700	BHP Billiton, Ltd.		219,996
	600	Croda International plc		27,074
	1,320	Crown Holdings, Inc.^e		75,359
	10,800	Daicel Corporation		136,480
	2,000	Denki Kagaku Kogyo KK		8,662
	1,771	Domtar Corporation		65,757
	720	Eagle Materials, Inc.		55,656
	400	Evonik Industries AG		13,542
	1,070	FMC Corporation		51,724
	1,400	Hexpol AB		12,553
	1,200	JSR Corporation		18,861
	2,200	Kuraray Company, Ltd.		32,637
	5,500	Mitsubishi Chemical Holdings Corporation		34,482
	1,000	Mitsubishi Gas Chemical Company, Inc.		14,317
	600	Mitsubishi Materials Corporation		16,411
	300	Nippon Shokubai Company, Ltd.		18,742
	100	Nitto Denko Corporation		6,495
	22,628	Norsk Hydro ASA		97,838
	6,200	Orora, Ltd.		15,037
	1,130	Packaging Corporation of America		91,824
	700	PPG Industries, Inc.		72,352
	4	Rio Tinto, Ltd.		159
	2,200	RPC Group plc		27,339
	3,030	Steel Dynamics, Inc.		75,720
	1,000	Sumitomo Metal Mining Company, Ltd.		13,812
	400	Sumitomo Seika Chemicals Company, Ltd.		14,176
	2,000	Tosoh Corporation		12,327
	4,299	UPM-Kymmene Oyj		90,772
	2,518	Verso Corporation^e		16,241
	4,167	Yara International ASA		138,857

		Total		1,595,250


	Real Estate (9.7%)
	650	Acadia Realty Trust		23,556
	600	Agree Realty Corporation		29,664
	2,881	Alexandria Real Estate Equities, Inc.		313,366
	500	American Campus Communities, Inc.		25,435
	1,400	American Homes 4 Rent		30,296
	1,400	Apartment Investment & Management Company		64,274
	1,200	Apple Hospitality REIT, Inc.		22,212
	1,000	AvalonBay Communities, Inc.		177,840
	400	Bluerock Residential Growth REIT, Inc.		5,200
	1,905	Boston Properties, Inc.		259,632
	700	Brandywine Realty Trust		10,934
	10,464	Brixmor Property Group, Inc.		290,795
	2,880	Camden Property Trust		241,171
	12,100	CapitaMall Trust		19,277
	650	Care Capital Properties, Inc.		18,525
	356	Chesapeake Lodging Trust		8,152


Shares		Common Stock (62.0%)	Value
	Real Estate (9.7%) - continued
	250	CoreSite Realty Corporation		$18,510
	1,870	Crown Castle International Corporation		176,173
	1,800	CubeSmart		49,068
	750	CyrusOne, Inc.		35,678
	100	Daito Trust Construction Company, Ltd.		15,994
	300	DCT Industrial Trust, Inc.		14,565
	2,200	DDR Corporation		38,346
	1,800	Derwent London plc		60,671
	18,200	DEXUS Property Group		127,920
	472	DiamondRock Hospitality Company		4,295
	1,118	Digital Realty Trust, Inc.		108,580
	500	Douglas Emmett, Inc.		18,315
	11,490	Duke Realty Corporation		314,022
	350	DuPont Fabros Technology, Inc.		14,438
	400	Education Realty Trust, Inc.		17,256
	456	EPR Properties		35,905
	700	Equinix, Inc.		252,175
	700	Equity Lifestyle Properties, Inc.		54,026
	400	Equity One, Inc.		12,244
	3,590	Equity Residential		230,945
	500	Essex Property Trust, Inc.		111,350
	1,050	Extra Space Storage, Inc.		83,381
	400	Federal Realty Investment Trust		61,572
	700	First Industrial Realty Trust, Inc.		19,754
	900	Forest City Realty Trust, Inc.		20,817
	11,000	Frasers Centrepoint Trust		17,746
	1,000	Gaming and Leisure Properties, Inc.		33,450
	4,239	General Growth Properties, Inc.		116,996
	500	GEO Group, Inc.		11,890
	1,800	Gramercy Property Trust		17,352
	1,400	Great Portland Estates plc		11,481
	6,010	H&R Real Estate Investment Trust		102,751
	1,500	Hamborner REIT AG		15,868
	2,900	HCP, Inc.		110,055
	900	Healthcare Realty Trust, Inc.		30,654
	1,250	Healthcare Trust of America, Inc.		40,775
	1,000	Highwoods Properties, Inc.		52,120
	1,200	Hospitality Properties Trust		35,664
	5,671	Host Hotels & Resorts, Inc.		88,297
	800	Hudson Pacific Properties, Inc.		26,296
	2,500	Hufvudstaden AB		43,317
	22,000	Hysan Development Company, Ltd.		103,511
	1,600	Iron Mountain, Inc.		60,048
	600	Kilroy Realty Corporation		41,610
	3,900	Kimco Realty Corporation		112,905
	467	Lamar Advertising Company		30,500
	700	LaSalle Hotel Properties		16,709
	700	Liberty Property Trust		28,245
	313	Life Storage, Inc.		27,838
	4,000	Link REIT		29,528
	1,075	Macerich Company		86,935
	2,300	Medical Properties Trust, Inc.		33,971
	600	Mid-America Apartment Communities, Inc.		56,394
	500	National Health Investors, Inc.		39,240
	1,600	National Retail Properties, Inc.		81,360
	150	National Storage Affiliates Trust		3,141
	79,912	New World Development Company, Ltd.		104,788
	1,150	NorthStar Realty Finance Corporation		15,146
	1,000	Omega Healthcare Investors, Inc.		35,450
	500	Outfront Media, Inc.		11,825
	1,200	Parkway Properties, Inc.		20,412


Shares		Common Stock (62.0%)	Value
	Real Estate (9.7%) - continued
	400	Pebblebrook Hotel Trust		$10,640
	1,550	Physicians Realty Trust		33,387
	330	Post Properties, Inc.		21,823
	5,715	Prologis, Inc.		305,981
	1,258	Public Storage, Inc.		280,710
	338	QTS Realty Trust, Inc.		17,863
	1,000	Realty Income Corporation		66,930
	1,000	Regency Centers Corporation		77,490
	650	Retail Opportunity Investments Corporation		14,274
	1,200	Retail Properties of America, Inc.		20,160
	706	RioCan Real Estate Investment Trust		14,648
	1,595	RLJ Lodging Trust		33,543
	1,123	Senior Housing Property Trust		25,503
	3,160	Simon Property Group, Inc.		654,152
	800	SL Green Realty Corporation		86,480
	6,000	Spirit Realty Captial, Inc.		79,980
	32,931	Stockland		120,607
	1,296	Store Capital Corporation		38,193
	1,500	Summit Hotel Properties, Inc.		19,740
	500	Sun Communities, Inc.		39,240
	1,421	Sunstone Hotel Investors, Inc.		18,175
	100	Swiss Prime Site AG^e		8,782
	733	Tanger Factory Outlet Centers, Inc.		28,558
	300	Taubman Centers, Inc.		22,323
	2,300	UDR, Inc.		82,777
	850	Urban Edge Properties		23,919
	200	Urstadt Biddle Properties, Inc.		4,444
	2,500	Ventas, Inc.		176,575
	5,042	VEREIT, Inc.		52,286
	2,360	Vornado Realty Trust		238,856
	800	Weingarten Realty Investors		31,184
	5,347	Welltower, Inc.		399,795
	2,000	Wharf Holdings, Ltd.		14,673
	3,000	Wheelock and Company, Ltd.		17,819
	19,200	Wing Tai Holdings, Ltd.		23,829
	400	WP Carey, Inc.		25,812

		Total		8,261,748


	Telecommunications Services (1.0%)
	778	BCE, Inc.		35,930
	10,300	BT Group plc		51,822
	3,900	Elisa Oyj		143,729
	2,600	Freenet AG		76,099
	46,042	KCOM Group plc		69,181
	200	Millicom International Cellular SA		10,362
	300	Nippon Telegraph & Telephone Corporation		13,721
	3,700	Orange SA		57,970
	52,000	PCCW, Ltd.		32,028
	1,400	Proximus SA		41,883
	4,600	Telefonica Deutschland Holding AG		18,547
	2,997	Telenor ASA		51,536
	4,600	Vodafone Group plc		13,192
	8,550	Zayo Group Holdings, Inc.^e		254,021

		Total		870,021


	Utilities (1.0%)
	1,500	E.ON SE		10,661
	22,500	Electricidade de Portugal SA		75,511
	9,531	MDU Resources Group, Inc.		242,469
	3,874	NorthWestern Corporation		222,871
	33,000	Osaka Gas Company, Ltd.		138,409
	15,700	Redes Energeticas Nacionais SGPS SA		45,891
	2,000	Toho Gas Company, Ltd.		18,728


Shares		Common Stock (62.0%)	Value
	Utilities (1.0%) - continued
	3,200	United Utilities Group plc		$41,564

		Total		796,104



		Total Common Stock (cost $50,039,235)		52,661,827


Principal Amount		Long-Term Fixed Income (17.7%)	Value
	Asset-Backed Securities (0.1%)
		Countrywide Asset-Backed Certificates
	415	5.301%, 4/25/2047		414
		Marlette Funding Trust
	93,123	3.060%, 1/17/2023^*		93,229
		United Airlines Pass Through Trust
	10,000	3.700%, 12/1/2022		10,600
		Vericrest Opportunity Loan Transferee
	39,436	3.500%, 6/26/2045^f		39,439

		Total		143,682


	Basic Materials (0.4%)
		Albemarle Corporation
	14,000	3.000%, 12/1/2019		14,444
		Alcoa Netherlands Holding BV
	15,000	6.750%, 9/30/2024^f		15,581
		ArcelorMittal SA
	50,000	6.500%, 3/1/2021		55,625
		Dow Chemical Company
	10,000	8.550%, 5/15/2019		11,728
		First Quantum Minerals, Ltd.
	55,000	7.000%, 2/15/2021^f		49,225
		Glencore Funding, LLC
	10,000	1.739%, 4/16/2018^f,g		9,887
		LyondellBasell Industries NV
	10,000	5.000%, 4/15/2019		10,733
		Newmont Mining Corporation, Convertible
	30,000	1.625%, 7/15/2017		32,700
		NOVA Chemicals Corporation
	40,122	5.250%, 8/1/2023^f		41,025
		Royal Gold, Inc., Convertible
	20,000	2.875%, 6/15/2019		22,338
		RPM International, Inc., Convertible
	40,000	2.250%, 12/15/2020		47,925

		Total		311,211


	Capital Goods (0.4%)
		AECOM
	50,000	5.875%, 10/15/2024		53,375
		Berry Plastics Corporation
	30,000	6.000%, 10/15/2022		31,650
		Building Materials Corporation of America
	50,000	6.000%, 10/15/2025^f		53,500
		Cemex SAB de CV
	55,000	5.700%, 1/11/2025^f		55,671
		Crown Americas Capital Corporation IV
	50,000	4.500%, 1/15/2023		51,875
		General Electric Company
	16,000	5.000%, 12/29/2049^h		17,015
		Lockheed Martin Corporation
	10,000	2.500%, 11/23/2020		10,323
		Roper Industries, Inc.
	11,000	2.050%, 10/1/2018		11,116


Principal Amount		Long-Term Fixed Income (17.7%)	Value
	Capital Goods (0.4%) - continued
		United Rentals North America, Inc.
	$55,000	5.500%, 7/15/2025		$56,100

		Total		340,625


	Collateralized Mortgage Obligations (2.0%)
		Alternative Loan Trust
	139,382	5.500%, 10/25/2035		119,516
		Angel Oak Mortgage Trust
	29,268	4.500%, 11/25/2045^*,i		29,351
		Banc of America Alternative Loan Trust
	51,593	6.000%, 11/25/2035		45,681
		CHL Mortgage Pass-Through Trust
	73,713	2.853%, 1/25/2036		65,558
		Citigroup Mortgage Loan Trust, Inc.
	23,388	3.037%, 3/25/2037		20,604
		CitiMortgage Alternative Loan Trust
	79,537	5.750%, 4/25/2037		68,263
		Countrywide Alternative Loan Trust
	70,795	6.500%, 8/25/2036		48,260
	214,931	6.000%, 4/25/2037		146,096
		Credit Suisse First Boston Mortgage Securities Corporation
	47,523	5.250%, 10/25/2035		46,279
		Deutsche Alt-A Securities, Inc., Mortgage Loan Trust
	51,446	5.500%, 11/25/2035		51,302
		J.P. Morgan Alternative Loan Trust
	125,034	6.500%, 3/25/2036		103,005
		J.P. Morgan Mortgage Trust
	78,033	2.713%, 6/25/2035		77,507
	69,487	2.959%, 6/25/2035		69,680
	54,296	3.229%, 8/25/2035		53,784
	77,627	2.932%, 1/25/2037		69,289
		MortgageIT Trust
	62,298	0.785%, 12/25/2035^g		55,722
		New York Mortgage Trust
	64,279	3.005%, 5/25/2036		57,875
		Residential Accredit Loans, Inc. Trust
	62,796	5.750%, 9/25/2035		56,261
		Residential Funding Mortgage Security I Trust
	71,164	6.000%, 7/25/2037		65,749
		Structured Adjustable Rate Mortgage Loan Trust
	81,163	3.332%, 9/25/2035		66,614
		Structured Asset Mortgage Investments, Inc.
	126,686	0.835%, 12/25/2035^g		88,435
		WaMu Mortgage Pass Through Certificates
	61,984	2.575%, 10/25/2036		53,999
	115,863	1.247%, 1/25/2047^g		90,340
		Wells Fargo Mortgage Backed Securities Trust
	53,473	2.894%, 3/25/2036		53,350
	51,128	3.018%, 7/25/2036		50,041
	42,232	6.000%, 7/25/2037		41,968

		Total		1,694,529


Principal Amount		Long-Term Fixed Income (17.7%)	Value
	Commercial Mortgage-Backed Securities (0.1%)
		Bear Stearns Commercial Mortgage Securities Trust
	$75,370	5.568%, 10/12/2041		$75,356

		Total		75,356


	Communications Services (0.8%)
		America Movil SAB de CV
	10,000	5.000%, 10/16/2019		10,931
		American Tower Corporation
	10,000	2.800%, 6/1/2020		10,258
		AT&T, Inc.
	10,000	5.875%, 10/1/2019		11,188
	10,000	1.768%, 6/30/2020^g		10,086
	10,000	2.800%, 2/17/2021		10,289
		British Sky Broadcasting Group plc
	14,000	2.625%, 9/16/2019^f		14,235
		CCOH Safari, LLC
	30,000	5.750%, 2/15/2026^f		31,800
		CenturyLink, Inc.
	35,000	6.450%, 6/15/2021		37,494
	5,000	7.500%, 4/1/2024		5,338
		Charter Communications Operating, LLC
	10,000	3.579%, 7/23/2020^f		10,452
	5,000	4.464%, 7/23/2022^f		5,395
		Clear Channel Worldwide Holdings, Inc.
	40,000	6.500%, 11/15/2022		41,650
		Columbus International, Inc.
	50,000	7.375%, 3/30/2021^f		53,030
		Crown Castle International Corporation
	5,000	3.400%, 2/15/2021		5,233
	5,000	2.250%, 9/1/2021		4,996
		CSC Holdings, LLC
	5,000	5.500%, 4/15/2027^f		5,113
		Digicel, Ltd.
	56,748	6.000%, 4/15/2021^*		50,131
		Frontier Communications Corporation
	50,000	8.875%, 9/15/2020		53,938
		Hughes Satellite Systems Corporation
	30,000	6.500%, 6/15/2019		32,812
		Neptune Finco Corporation
	30,000	10.875%, 10/15/2025^f		35,100
		SFR Group SA
	50,000	6.000%, 5/15/2022^f		51,000
		Sprint Corporation
	55,000	7.625%, 2/15/2025		54,450
		Telefonica Emisiones SAU
	12,000	3.192%, 4/27/2018		12,283
		T-Mobile USA, Inc.
	40,000	6.633%, 4/28/2021		42,100
		Univision Communications, Inc.
	40,000	5.125%, 5/15/2023^f		40,500
		Verizon Communications, Inc.
	37,000	2.625%, 2/21/2020		38,051
	16,000	4.500%, 9/15/2020		17,558

		Total		695,411


	Consumer Cyclical (0.9%)
		Allison Transmission, Inc.
	45,000	5.000%, 10/1/2024^f		46,125


Principal Amount		Long-Term Fixed Income (17.7%)	Value
	Consumer Cyclical (0.9%) - continued
		BMW US Capital, LLC
	$15,000	1.500%, 4/11/2019^f		$15,024
		Brookfield Residential Properties, Inc.
	60,000	6.125%, 7/1/2022^f		60,600
		Cinemark USA, Inc.
	31,000	4.875%, 6/1/2023		31,155
		Corrections Corporation of America
	35,000	5.000%, 10/15/2022		31,675
		Daimler Finance North America, LLC
	9,000	1.875%, 1/11/2018^f		9,053
		eBay, Inc.
	10,000	2.500%, 3/9/2018		10,141
		ERAC USA Finance, LLC
	16,000	2.350%, 10/15/2019^f		16,255
		Ford Motor Credit Company, LLC
	16,000	5.000%, 5/15/2018		16,794
	14,000	2.597%, 11/4/2019		14,220
		General Motors Financial Company, Inc.
	5,000	3.150%, 1/15/2020		5,095
	21,000	4.375%, 9/25/2021		22,429
		Home Depot, Inc.
	10,000	1.220%, 9/15/2017^g		10,027
	10,000	2.625%, 6/1/2022		10,384
		Hyundai Capital America
	12,000	1.450%, 2/6/2017^f		12,011
		KB Home
	29,000	4.750%, 5/15/2019		29,616
		L Brands, Inc.
	33,000	6.625%, 4/1/2021		38,032
		Lennar Corporation
	50,000	4.750%, 11/15/2022		51,625
		Macy’s Retail Holdings, Inc.
	14,000	7.450%, 7/15/2017		14,651
		MGM Resorts International
	55,000	6.000%, 3/15/2023		59,675
		Newell Rubbermaid, Inc.
	10,000	3.150%, 4/1/2021		10,419
		PulteGroup, Inc.
	30,000	4.250%, 3/1/2021		31,500
		Ralph Lauren Corporation
	10,000	2.625%, 8/18/2020		10,342
		Royal Caribbean Cruises, Ltd.
	51,748	5.250%, 11/15/2022		56,276
		Toll Brothers Finance Corporation
	20,000	4.000%, 12/31/2018		20,725
		Visa, Inc.
	10,000	2.200%, 12/14/2020		10,256
		Walgreens Boots Alliance, Inc.
	10,000	1.750%, 5/30/2018		10,055
	10,000	2.600%, 6/1/2021		10,234
		West Corporation
	50,000	5.375%, 7/15/2022^f		49,000
		Yum! Brands, Inc.
	55,000	5.000%, 6/1/2024^f		57,475

		Total		770,869


	Consumer Non-Cyclical (0.9%)
		Actavis Funding SCS
	7,000	2.100%, 3/12/2020^g		7,118
		Anheuser-Busch InBev Finance, Inc.
	15,000	2.017%, 2/1/2021^g		15,395
	10,000	2.650%, 2/1/2021		10,319


Principal Amount		Long-Term Fixed Income (17.7%)	Value
	Consumer Non-Cyclical (0.9%) - continued
		B&G Foods, Inc.
	$40,000	4.625%, 6/1/2021		$41,200
		BAT International Finance plc
	10,000	1.360%, 6/15/2018^f,g		10,032
		Becton, Dickinson and Company
	13,000	1.450%, 5/15/2017		13,021
		Boston Scientific Corporation
	5,000	6.000%, 1/15/2020		5,648
		Bunge Limited Finance Corporation
	10,000	3.500%, 11/24/2020		10,459
		Cardinal Health, Inc.
	10,000	1.950%, 6/15/2018		10,095
		Celgene Corporation
	10,000	3.550%, 8/15/2022		10,625
		Cott Beverages, Inc.
	55,000	5.375%, 7/1/2022		56,650
		CVS Health Corporation
	10,000	2.250%, 12/5/2018		10,180
		EMD Finance, LLC
	6,000	1.207%, 3/17/2017^f,g		6,003
		Envision Healthcare Corporation
	50,000	5.125%, 7/1/2022^f		49,750
		Express Scripts Holding Company
	10,000	3.900%, 2/15/2022		10,790
		Forest Laboratories, Inc.
	15,000	4.375%, 2/1/2019^f		15,801
		Gilead Sciences, Inc.
	10,000	3.250%, 9/1/2022		10,619
		Grifols Worldwide Operations, Ltd.
	40,000	5.250%, 4/1/2022		41,400
		HCA, Inc.
	26,748	4.750%, 5/1/2023		27,885
		Iconix Brand Group, Inc., Convertible
	35,000	1.500%, 3/15/2018		30,188
		JBS USA, LLC
	55,000	5.750%, 6/15/2025^f		54,038
		Laboratory Corporation of America Holdings
	5,000	2.625%, 2/1/2020		5,094
		Mead Johnson Nutrition Company
	10,000	3.000%, 11/15/2020		10,415
		Merck & Company, Inc.
	5,000	1.182%, 2/10/2020^g		5,020
		Mondelez International, Inc.
	8,000	2.250%, 2/1/2019		8,137
		Mylan NV
	10,000	2.500%, 6/7/2019^f		10,089
	5,000	3.750%, 12/15/2020^f		5,222
		Perrigo Finance plc
	5,000	3.500%, 12/15/2021		5,168
		Pinnacle Foods, Inc.
	50,000	5.875%, 1/15/2024^f		53,375
		Revlon Consumer Products Corporation
	26,748	5.750%, 2/15/2021		27,283
		Reynolds American, Inc.
	6,000	3.250%, 6/12/2020		6,312
		SABMiller plc
	12,000	6.500%, 7/15/2018^f		13,041
		Safeway, Inc.
	3,000	3.400%, 12/1/2016		2,994
		Tenet Healthcare Corporation
	50,000	8.125%, 4/1/2022		50,000


Principal Amount		Long-Term Fixed Income (17.7%)	Value
	Consumer Non-Cyclical (0.9%) - continued
		Teva Pharmaceutical Finance Netherlands III BV
	$10,000	1.700%, 7/19/2019		$9,977
		TreeHouse Foods, Inc.
	40,000	4.875%, 3/15/2022		41,400
		Valeant Pharmaceuticals International
	26,748	7.250%, 7/15/2022^f		24,809
		VPII Escrow Corporation
	25,000	7.500%, 7/15/2021^f		24,202

		Total		749,754


	Energy (0.6%)
		Anadarko Petroleum Corporation
	10,000	8.700%, 3/15/2019		11,386
		Antero Resources Corporation
	35,000	5.125%, 12/1/2022		35,263
		Boardwalk Pipelines, LP
	11,000	5.875%, 11/15/2016		11,051
		BP Capital Markets plc
	15,000	1.676%, 5/3/2019		15,059
		Buckeye Partners, LP
	17,000	2.650%, 11/15/2018		17,170
		Chevron Corporation
	10,000	1.328%, 11/16/2018^g		10,025
		CNPC General Capital, Ltd.
	3,000	2.750%, 4/19/2017^f		3,021
		Concho Resources, Inc.
	51,748	6.500%, 1/15/2022		53,689
		Contura Energy, Inc.
	16,000	10.000%, 8/1/2021^f		16,480
		Crestwood Midstream Partners, LP
	40,000	6.250%, 4/1/2023		40,500
		Ecopetrol SA
	7,000	5.875%, 9/18/2023		7,551
		Enbridge, Inc.
	8,000	1.289%, 6/2/2017^g		7,983
		EQT Corporation
	10,000	8.125%, 6/1/2019		11,431
		Exxon Mobil Corporation
	10,000	1.708%, 3/1/2019		10,107
		Marathon Petroleum Corporation
	10,000	3.400%, 12/15/2020		10,392
		MEG Energy Corporation
	33,000	6.375%, 1/30/2023^f		26,111
		MPLX, LP
	55,000	4.875%, 12/1/2024		56,888
		Occidental Petroleum Corporation
	10,000	2.600%, 4/15/2022		10,215
		Petrobras Global Finance BV
	4,000	8.375%, 5/23/2021		4,370
		Pioneer Natural Resources Company
	3,000	3.450%, 1/15/2021		3,120
		Regency Energy Partners, LP
	50,000	5.000%, 10/1/2022		52,772
		Sabine Pass Liquefaction, LLC
	55,000	5.625%, 3/1/2025		59,125
		Schlumberger Holdings Corporation
	10,000	3.000%, 12/21/2020^f		10,427
		Shell International Finance BV
	10,000	1.266%, 5/11/2020^g		10,012
		Sunoco Logistics Partners Operations, LP
	10,000	4.400%, 4/1/2021		10,727


Principal Amount		Long-Term Fixed Income (17.7%)	Value
	Energy (0.6%) - continued
		Transcontinental Gas Pipe Line Company, LLC
	$10,000	7.850%, 2/1/2026^f		$12,946
		Whiting Petroleum Corporation, Convertible
	20,000	1.250%, 4/1/2020		16,525

		Total		534,346


	Financials (1.9%)
		Abbey National Treasury Services plc
	14,000	1.264%, 9/29/2017^g		13,973
		ACE INA Holdings, Inc.
	10,000	2.875%, 11/3/2022		10,505
		AerCap Ireland Capital, Ltd.
	25,000	3.950%, 2/1/2022		25,625
		Air Lease Corporation
	14,000	2.125%, 1/15/2018		14,070
	5,000	2.625%, 9/4/2018		5,045
		Ally Financial, Inc.
	40,000	4.750%, 9/10/2018		41,400
		American Express Credit Corporation
	10,000	1.906%, 9/14/2020^g		10,158
		AMG Capital Trust II, Convertible
	700	5.150%, 10/15/2037		37,844
		Bank of America Corporation
	18,000	5.700%, 5/2/2017		18,422
	16,000	1.700%, 8/25/2017		16,024
	31,000	1.936%, 3/22/2018^g		31,234
	25,000	5.650%, 5/1/2018		26,519
	10,000	2.625%, 4/19/2021		10,159
	11,000	8.000%, 7/29/2049^h		11,220
		Bank of Montreal
	8,000	1.500%, 7/18/2019		7,983
		BB&T Corporation
	16,000	2.050%, 6/19/2018		16,163
		Bear Stearns Companies, LLC
	20,000	6.400%, 10/2/2017		20,948
		Blackstone Mortgage Trust, Inc., Convertible
	40,000	5.250%, 12/1/2018		43,950
		BNP Paribas SA
	12,000	2.375%, 9/14/2017		12,093
		Caisse Centrale Desjardins du Quebec
	7,000	1.417%, 1/29/2018^f,g		6,991
		Citigroup, Inc.
	21,000	1.850%, 11/24/2017		21,066
	5,000	2.255%, 9/1/2023^g		5,024
		CNA Financial Corporation
	10,000	5.750%, 8/15/2021		11,529
		Credit Agricole SA
	8,000	1.815%, 6/10/2020^f,g		8,025
		CyrusOne, LP
	26,748	6.375%, 11/15/2022		28,328
		Discover Bank
	4,000	8.700%, 11/18/2019		4,614
		Discover Financial Services
	8,000	6.450%, 6/12/2017		8,256
		Duke Realty, LP
	14,000	8.250%, 8/15/2019		16,371
		Fifth Third Bancorp
	20,000	5.450%, 1/15/2017		20,225
		Goldman Sachs Group, Inc.
	8,000	2.625%, 1/31/2019		8,163
	12,000	7.500%, 2/15/2019		13,563


Principal Amount		Long-Term Fixed Income (17.7%)	Value
	Financials (1.9%) - continued
	$10,000	2.000%, 4/25/2019		$10,067
	5,000	1.875%, 4/23/2020^g		5,031
	10,000	2.241%, 11/15/2021^g		9,953
	10,000	2.429%, 11/29/2023^g		10,170
		Goldman Sachs Group, Inc., Convertible
	375,000	0.500%, 9/24/2022		411,623
		Guardian Life Global Funding
	10,000	2.000%, 4/26/2021^f		10,089
		Hartford Financial Services Group, Inc.
	17,000	6.000%, 1/15/2019		18,527
		HCP, Inc.
	10,000	3.750%, 2/1/2019		10,352
		Health Care REIT, Inc.
	10,000	4.700%, 9/15/2017		10,298
		Hospitality Properties Trust
	10,000	4.250%, 2/15/2021		10,666
		Huntington Bancshares, Inc.
	10,000	3.150%, 3/14/2021		10,367
		Hutchison Whampoa Finance CI, Ltd.
	15,000	1.625%, 10/31/2017^f		15,010
		Icahn Enterprises, LP
	25,000	6.000%, 8/1/2020		25,125
		ING Capital Funding Trust III
	10,000	4.438%, 12/29/2049^g,h		9,937
		Intesa Sanpaolo SPA
	4,000	3.875%, 1/16/2018		4,079
	15,000	3.875%, 1/15/2019		15,445
		J.P. Morgan Chase & Company
	8,000	6.300%, 4/23/2019		8,912
	5,000	2.250%, 1/23/2020		5,066
	15,000	2.700%, 5/18/2023		15,155
	9,000	7.900%, 4/29/2049^h		9,247
		KeyCorp
	12,000	2.300%, 12/13/2018		12,189
		Liberty Mutual Group, Inc.
	4,000	5.000%, 6/1/2021^f		4,456
		Lincoln National Corporation
	8,000	6.250%, 2/15/2020		9,003
		Lloyds Bank plc
	7,000	1.374%, 3/16/2018^g		6,986
		Macquarie Bank, Ltd.
	10,000	1.860%, 1/15/2019^f,g		10,074
		MetLife, Inc.
	14,000	1.903%, 12/15/2017		14,076
		Mizuho Corporate Bank, Ltd.
	14,000	1.550%, 10/17/2017^f		13,997
		Morgan Stanley
	16,000	6.625%, 4/1/2018		17,144
	10,000	1.874%, 1/27/2020^g		10,104
	10,000	2.500%, 4/21/2021		10,125
	10,000	4.875%, 11/1/2022		11,030
		MPT Operating Partnership, LP
	40,000	5.500%, 5/1/2024		42,040
		Murray Street Investment Trust I
	24,000	4.647%, 3/9/2017		24,243
		National City Corporation
	8,000	6.875%, 5/15/2019		9,011
		New York Life Global Funding
	10,000	1.550%, 11/2/2018^f		10,051
		Nomura Holdings, Inc.
	8,000	2.750%, 3/19/2019		8,182
		Quicken Loans, Inc.
	55,000	5.750%, 5/1/2025^f		54,588


Principal Amount		Long-Term Fixed Income (17.7%)	Value
	Financials (1.9%) - continued
		Realty Income Corporation
	$12,000	2.000%, 1/31/2018		$12,080
		Regions Bank
	7,000	7.500%, 5/15/2018		7,617
		Regions Financial Corporation
	10,000	3.200%, 2/8/2021		10,396
		Reinsurance Group of America, Inc.
	16,000	5.625%, 3/15/2017		16,287
		Simon Property Group, LP
	10,000	2.500%, 9/1/2020		10,308
	15,000	2.500%, 7/15/2021		15,398
		State Street Corporation
	10,000	1.701%, 8/18/2020^g		10,094
		Sumitomo Mitsui Banking Corporation
	24,000	1.300%, 1/10/2017		24,008
		SunTrust Banks, Inc.
	10,000	2.900%, 3/3/2021		10,406
		Synchrony Financial
	22,000	1.875%, 8/15/2017		22,044
	5,000	1.989%, 2/3/2020^g		4,891
		Toronto-Dominion Bank
	10,000	1.542%, 1/22/2019^g		10,073
	10,000	1.786%, 12/14/2020^g		10,089
		UnitedHealth Group, Inc.
	10,000	3.350%, 7/15/2022		10,738
		USB Realty Corporation
	5,000	1.827%, 12/29/2049^f,g,h		4,487
		Voya Financial, Inc.
	12,000	2.900%, 2/15/2018		12,225
		Wells Fargo & Company
	7,000	1.432%, 1/30/2020^g		6,981
	8,000	2.100%, 7/26/2021		7,973

		Total		1,624,003


	Foreign Government (4.0%)
		Argentina Government International Bond
	55,000	7.500%, 4/22/2026^f		62,040
		Brazil Government International Bond
	73,000	4.875%, 1/22/2021		77,928
	100,000	2.625%, 1/5/2023		92,500
	21,000	6.000%, 4/7/2026		23,258
	45,000	7.125%, 1/20/2037		52,875
	54,000	5.000%, 1/27/2045		49,005
		Colombia Government International Bond
	45,000	4.375%, 7/12/2021		48,735
	40,000	2.625%, 3/15/2023		39,460
	40,000	4.000%, 2/26/2024		42,600
	29,000	5.625%, 2/26/2044		33,567
	54,000	5.000%, 6/15/2045		58,455
		Croatia Government International Bond
	9,000	6.750%, 11/5/2019^f		9,979
	55,000	6.625%, 7/14/2020^f		61,628
	28,000	6.000%, 1/26/2024^f		32,200
		Hungary Government International Bond
	18,000	6.375%, 3/29/2021		20,858
	70,000	5.750%, 11/22/2023		82,425
	72,000	5.375%, 3/25/2024		83,613


Principal Amount		Long-Term Fixed Income (17.7%)	Value
	Foreign Government (4.0%) - continued
		Indonesia Government International Bond
	$60,000	4.875%, 5/5/2021^f		$66,010
	45,000	3.375%, 4/15/2023^f		46,366
	66,000	5.875%, 1/15/2024^f		77,832
	60,000	4.125%, 1/15/2025^f		64,009
	36,000	8.500%, 10/12/2035^f		54,489
	90,000	5.125%, 1/15/2045^f		102,629
		Mexico Government International Bond
	26,000	4.350%, 1/15/2047		25,545
	10,000	5.750%, 10/12/2110		10,575
	28,000	3.625%, 3/15/2022		29,505
	68,000	4.000%, 10/2/2023		72,658
	70,000	3.600%, 1/30/2025		72,538
	53,000	4.125%, 1/21/2026		57,002
	18,000	6.750%, 9/27/2034		23,805
	26,000	6.050%, 1/11/2040		31,655
	50,000	4.750%, 3/8/2044		51,812
	44,000	5.550%, 1/21/2045		50,985
	77,000	4.600%, 1/23/2046		78,059
		Panama Government International Bond
	27,000	4.000%, 9/22/2024		29,531
	40,000	3.750%, 3/16/2025		43,150
	40,000	6.700%, 1/26/2036		54,600
		Peru Government International Bond
	21,000	5.625%, 11/18/2050		27,772
	54,000	4.125%, 8/25/2027		61,695
	45,000	8.750%, 11/21/2033		73,012
		Philippines Government International Bond
	40,000	7.750%, 1/14/2031		62,349
	50,000	6.375%, 10/23/2034		72,674
	20,000	5.000%, 1/13/2037		25,796
	40,000	3.950%, 1/20/2040		45,686
		Romania Government International Bond
	42,000	4.375%, 8/22/2023^f		46,473
	20,000	4.875%, 1/22/2024^f		22,864
	18,000	6.125%, 1/22/2044^f		24,300
		Russia Government International Bond
	44,000	3.500%, 1/16/2019^f		44,927
	200,000	5.000%, 4/29/2020^f		215,716
	85,000	4.875%, 9/16/2023^f		93,457
	58,850	7.500%, 3/31/2030^f		71,385
	66,000	5.625%, 4/4/2042^f		76,214
		South Africa Government International Bond
	50,000	5.500%, 3/9/2020		54,532
	10,000	5.375%, 7/24/2044		10,865
		Turkey Government International Bond
	18,000	7.500%, 11/7/2019		20,020
	45,000	7.000%, 6/5/2020		49,793
	85,000	5.125%, 3/25/2022		88,400
	44,000	6.250%, 9/26/2022		48,290
	22,000	5.750%, 3/22/2024		23,691
	67,000	4.250%, 4/14/2026		65,530
	54,000	6.875%, 3/17/2036		63,023
	77,000	4.875%, 4/16/2043		71,857
	18,000	6.625%, 2/17/2045		20,980

		Total		3,395,182


Principal Amount		Long-Term Fixed Income (17.7%)	Value
	Mortgage-Backed Securities (3.7%)
		Federal Home Loan Mortgage Corporation Gold 15-Yr. Pass Through
	$350,000	3.000%, 10/1/2031^c		$367,630
		Federal Home Loan Mortgage Corporation Gold 30-Yr. Pass Through
	250,000	4.000%, 10/1/2046^c		268,159
		Federal National Mortgage Association Conventional 30-Yr. Pass Through
	100,000	3.000%, 10/1/2046^c		103,934
	1,275,000	3.500%, 10/1/2046^c		1,345,324
	550,000	4.000%, 10/1/2046^c		590,692
	425,000	4.500%, 10/1/2046^c		465,431

		Total		3,141,170


	Technology (0.7%)
		Alliance Data Systems Corporation
	30,000	5.375%, 8/1/2022^f		29,250
		Apple, Inc.
	10,000	1.117%, 5/6/2020^g		9,982
		Automatic Data Processing, Inc.
	10,000	2.250%, 9/15/2020		10,313
		Cisco Systems, Inc.
	10,000	1.342%, 3/1/2019^g		10,066
		Diamond 1 Finance Corporation
	10,000	3.480%, 6/1/2019^f		10,285
		Equinix, Inc.
	40,000	5.750%, 1/1/2025		42,500
		Fidelity National Information Services, Inc.
	15,000	1.450%, 6/5/2017		15,005
	10,000	3.625%, 10/15/2020		10,607
		First Data Corporation
	40,000	5.375%, 8/15/2023^f		41,200
		Hewlett Packard Enterprise Company
	10,000	3.600%, 10/15/2020^f,i		10,492
		IMS Health, Inc.
	30,000	6.000%, 11/1/2020^f		30,450
		Intel Corporation
	15,000	1.700%, 5/19/2021		15,119
	10,000	3.100%, 7/29/2022		10,681
		Intel Corporation, Convertible
	30,000	2.950%, 12/15/2035		41,419
		Iron Mountain, Inc.
	21,748	6.000%, 8/15/2023		23,216
		Micron Technology, Inc., Convertible
	30,000	2.375%, 5/1/2032		57,075
	38,000	3.000%, 11/15/2043		33,772
		NXP BV
	35,000	3.875%, 9/1/2022^f		36,662
		NXP Semiconductors NV, Convertible
	60,000	1.000%, 12/1/2019		70,650
		Oracle Corporation
	10,000	2.500%, 5/15/2022		10,265
		Sensata Technologies BV
	50,000	4.875%, 10/15/2023^f		52,000
		Texas Instruments, Inc.
	10,000	1.750%, 5/1/2020		10,134
		Tyco Electronics Group SA
	16,000	6.550%, 10/1/2017		16,811

		Total		597,954


Principal Amount		Long-Term Fixed Income (17.7%)	Value
	Transportation (0.2%)
		Air Canada Pass Through Trust
	$4,658	3.875%, 3/15/2023^f		$4,530
		American Airlines Pass Through Trust
	6,393	4.950%, 1/15/2023		6,952
		Avis Budget Car Rental, LLC
	50,000	5.125%, 6/1/2022^f		50,156
		Continental Airlines, Inc.
	18,615	6.250%, 4/11/2020		19,965
		Delta Air Lines, Inc.
	7,998	4.950%, 5/23/2019		8,418
		ERAC USA Finance, LLC
	10,000	2.600%, 12/1/2021^f		10,193
		J.B. Hunt Transport Services, Inc.
	10,000	3.300%, 8/15/2022		10,454
		Korea Expressway Corporation
	13,000	1.625%, 4/28/2017^f		13,007

		Total		123,675


	U.S. Government and Agencies (0.5%)
		U.S. Treasury Notes
	115,000	1.125%, 8/31/2021		114,883
	95,000	2.125%, 6/30/2022		99,368
	230,000	1.625%, 2/15/2026		230,395

		Total		444,646


	Utilities (0.5%)
		AES Corporation
	26,748	7.375%, 7/1/2021		30,693
		Ameren Corporation
	10,000	2.700%, 11/15/2020		10,310
		Arizona Public Service Company
	5,000	2.200%, 1/15/2020		5,117
		Berkshire Hathaway Energy Company
	14,000	2.400%, 2/1/2020		14,340
		Calpine Corporation
	50,000	5.375%, 1/15/2023		49,812
		DTE Energy Company
	14,000	2.400%, 12/1/2019		14,279
		Dynegy, Inc.
	55,000	7.375%, 11/1/2022		54,313
		El Paso Corporation
	7,000	7.000%, 6/15/2017		7,244
		Emera U.S. Finance, LP
	5,000	2.150%, 6/15/2019^f		5,055
		Energy Transfer Equity, LP
	55,000	5.500%, 6/1/2027		54,725
		Eversource Energy
	5,000	1.600%, 1/15/2018		5,020
		Exelon Generation Company, LLC
	8,000	5.200%, 10/1/2019		8,789
	5,000	2.950%, 1/15/2020		5,153
		Fortis, Inc.
	5,000	2.100%, 10/4/2021^f		4,982
		NextEra Energy Capital Holdings, Inc.
	10,000	2.300%, 4/1/2019		10,159
		NiSource Finance Corporation
	7,000	6.400%, 3/15/2018		7,473
		NRG Energy, Inc.
	26,748	6.625%, 3/15/2023		27,015
		Pacific Gas & Electric Company
	10,000	5.625%, 11/30/2017		10,501
		PG&E Corporation
	8,000	2.400%, 3/1/2019		8,156
		PSEG Power, LLC
	9,000	3.000%, 6/15/2021		9,260


Principal Amount		Long-Term Fixed Income (17.7%)	Value
	Utilities (0.5%) - continued
		Sempra Energy
	$14,000	6.150%, 6/15/2018		$15,050
	5,000	2.400%, 3/15/2020		5,094
		Southern California Edison Company
	5,000	2.400%, 2/1/2022		5,152
		Southern Company
	10,000	1.850%, 7/1/2019		10,079
		Xcel Energy, Inc.
	10,000	1.200%, 6/1/2017		9,981

		Total		387,752



		Total Long-Term Fixed Income (cost $14,694,360)		15,030,165


Shares		Registered Investment Companies (4.8%)	Value
	Equity Funds/ETFs (2.3%)
	2,075	AllianzGI NFJ Dividend Interest & Premium Strategy Fund		26,228
	2,300	BlackRock Resources & Commodities Strategy Trust		18,745
	1,025	Guggenheim Multi-Asset Income ETF		19,875
	8,390	iShares MSCI EAFE Index Fund		496,101
	17,030	Materials Select Sector SPDR Fund		813,182
	10,970	Utilities Select Sector SPDR Fund		537,420
	500	Vanguard REIT ETF		43,370

		Total		1,954,921


	Fixed Income Funds/ETFs (2.5%)
	12,047	Aberdeen Asia-Pacific Income Fund, Inc.		61,681
	3,250	Doubleline Income Solutions Fund		62,237
	1,895	First Trust High Income Long/Short Fund		29,543
	450	iShares J.P. Morgan USD Emerging Markets Bond ETF		52,744
	13,473	iShares S&P U.S. Preferred Stock Index Fund		532,183
	11,462	MFS Intermediate Income Trust		51,923
	4,377	Pimco Dynamic Credit And Mortgage Income Fund		89,247
	18,944	PowerShares Preferred Portfolio		286,623
	29,660	PowerShares Senior Loan Portfolio		688,409
	9,283	Templeton Global Income Fund		57,926
	1,215	Vanguard Short-Term Corporate Bond ETF		97,868
	4,234	Western Asset Emerging Markets Debt Fund, Inc.		68,845
	6,718	Western Asset High Income Opportunity Fund, Inc.		33,926

		Total		2,113,155



		Total Registered Investment Companies (cost $4,096,449)		4,068,076


Shares		Preferred Stock (0.3%)	Value
	Energy (<0.1%)
	355	Alpha Natural Resources, Inc.^e		2,087
	355	ANR Holdings, Inc.^e		543

		Total		2,630


	Health Care (0.1%)
	85	Allergan plc, Convertible, 5.500%		69,594

		Total		69,594


Shares		Preferred Stock (0.3%)	Value
	Real Estate (0.2%)
	1,500	American Tower Corporation, Convertible, 5.500%		$164,385

		Total		164,385



		Total Preferred Stock (cost $230,508)		236,609


Shares or Principal Amount		Short-Term Investments (8.4%)^j	Value
		Federal Home Loan Bank Discount Notes
	100,000	0.300%, 10/26/2016^k		99,988
	100,000	0.280%, 10/28/2016^k		99,987
	100,000	0.330%, 11/4/2016^k		99,980
		Thrivent Core Short-Term Reserve Fund
	682,009	0.750%		6,820,092

		Total Short-Term Investments (cost $7,120,019)		7,120,047

		Total Investments (cost $86,185,003) 104.9%		$89,064,287

		Other Assets and Liabilities, Net (4.9%)		(4,137,329)

		Total Net Assets 100.0%		$84,926,958

a	The stated interest rate represents the weighted average of all contracts within the bank loan facility.

b	All or a portion of the loan is unfunded.

c	Denotes investments purchased on a when-issued or delayed delivery basis.

d	In bankruptcy. Interest is not being accrued.

e	Non-income producing security.

g	Denotes variable rate securities. Variable rate securities are securities whose yields vary with a designated market index or market rate. The rate shown is as of September 30, 2016.

h	Denotes perpetual securities. Perpetual securities pay an indefinite stream of interest, but may be called by the issuer at an earlier date.

i	Denotes step coupon securities. Step coupon securities pay an initial coupon rate for the first period and then different coupon rates for following periods. The rate shown is as of September 30, 2016.

j	The interest rate shown reflects the yield, coupon rate or the discount rate at the date of purchase.

k	All or a portion of the security is held on deposit with the counterparty and pledged as the initial margin deposit for open futures contracts.

Denotes restricted securities. Restricted securities are investment securities which have been deemed illiquid and cannot be offered for public sale without first being registered under the Securities Act of 1933. The value of all restricted securities held in Growth and Income Plus Portfolio as of September 30, 2016 was $172,711 or 0.2% of total net assets. The following table indicates the acquisition date and cost of restricted securities shown in the schedule as of September 30, 2016.


Security	Acquisition Date		Cost
Angel Oak Mortgage Trust, 11/25/2045		3/4/2016	$	28,976
Digicel, Ltd., 4/15/2021		8/19/2013		57,097
Marlette Funding Trust, 1/17/2023		7/20/2016		93,095

Definitions:


ADR	-	American Depositary Receipt, which are certificates for an underlying foreign security's shares held by an issuing U.S. depository bank.
ETF	-	Exchange Traded Fund.
REIT	-	Real Estate Investment Trust is a company that buys, develops, manages and/or sells real estate assets.


Unrealized Appreciation (Depreciation)
Gross unrealized appreciation and depreciation of investments, based on cost for federal income tax purposes, were as follows:

Gross unrealized appreciation	$	5,592,159
Gross unrealized depreciation		(2,712,875)
Net unrealized appreciation (depreciation)	$	2,879,284


Cost for federal income tax purposes	$	86,185,003

The following table is a summary of the inputs used, as of September 30, 2016, in valuing Growth and Income Plus Portfolio's assets carried at fair value.

There were no significant transfers between Levels during the period ended September 30, 2016. Transfers between Levels are identified as of the end of the period.

The following table presents Growth and Income Plus Portfolio's futures contracts held as of September 30, 2016. Investments and/or cash totaling $299,955 were pledged as the initial margin deposit for these contracts.

Affiliated issuers, as defined under the Investment Company Act of 1940, include those in which the Portfolio's holdings of an issuer represent 5% or more of the outstanding voting securities of an issuer, any affiliated mutual fund, or a company which is under common ownership or control with the Portfolio.

A summary of transactions for the fiscal year to date, in Growth and Income Plus Portfolio, is as follows:


Principal Amount		Bank Loans (16.9%)^a	Value
	Basic Materials (1.0%)
		Chemours Company, Term Loan
	$558,537	3.750%, 5/12/2022^b,c		$552,605
		Fortescue Metals Group, Ltd., Term Loan
	1,101,761	3.750%, 6/30/2019		1,100,251
		Ineos US Finance, LLC, Term Loan
	1,224,818	3.750%, 12/15/2020		1,226,962
		Tronox Pigments BV, Term Loan
	679,060	4.500%, 3/19/2020		671,421

		Total		3,551,239


	Capital Goods (1.1%)
		Accudyne Industries, LLC, Term Loan
	411,858	4.000%, 12/13/2019		384,399
		ADS Waste Holdings, Inc., Term Loan
	345,835	3.750%, 10/9/2019		345,997
		Berry Plastics Group, Inc., Term Loan
	638,496	3.500%, 2/8/2020		638,898
		Cortes NP Acquisition Corporation, Term Loan
	1,510,000	0.000%, 10/3/2023^b,c		1,476,025
		HD Supply, Inc., Term Loan
	180,000	0.000%, 10/16/2023^b,c		180,225
		Rexnord, LLC, Term Loan
	336,058	4.000%, 8/21/2020		336,354
		Reynolds Group, Inc., Term Loan
	360,000	0.000%, 2/5/2023^b,c		361,012

		Total		3,722,910


	Communications Services (4.4%)
		Atlantic Broadband Penn, LLC, Term Loan
	43,203	3.250%, 11/30/2019		43,203
		Birch Communication Inc., Term Loan
	519,302	7.750%, 7/17/2020		397,266
		Block Communications, Inc., Term Loan
	669,885	4.088%, 11/7/2021		673,235
		Cincinnati Bell, Inc., Term Loan
	557,750	4.000%, 9/10/2020		559,423
		CSC Holdings, LLC, Term Loan
	324,187	5.000%, 10/9/2022		324,525
		FairPoint Communications, Inc., Term Loan
	680,746	7.500%, 2/14/2019		680,379
		Grande Communications Networks, LLC, Term Loan
	619,221	4.500%, 5/29/2020		619,221
		Gray Television, Inc., Term Loan
	378,377	3.938%, 6/13/2021		380,387
		Hargray Communications Group, Inc., Term Loan
	633,617	5.250%, 6/26/2019		636,259
		Integra Telecom Holdings, Inc., Term Loan
	435,099	5.250%, 8/14/2020		431,835
		Intelsat Jackson Holdings SA, Term Loan
	264,628	3.750%, 6/30/2019		251,336
		Level 3 Communications, Inc., Term Loan
	610,000	4.000%, 8/1/2019		612,287


Principal Amount		Bank Loans (16.9%)^a	Value
	Communications Services (4.4%) - continued
		Liberty Cablevision of Puerto Rico, LLC, Term Loan
	$745,000	4.500%, 1/7/2022		$734,294
		LTS Buyer, LLC, Term Loan
	677,250	4.088%, 4/13/2020		677,040
		MCC Georgia, LLC, Term Loan
	459,425	3.750%, 6/30/2021		460,716
		NEP/NCP Holdco, Inc., Term Loan
	1,198,875	4.250%, 1/22/2020^b,c		1,192,880
		Nexstar Broadcasting, Inc., Term Loan
	265,000	0.000%, 9/26/2023^b,c		266,214
		Numericable US, LLC, Term Loan
	645,125	4.564%, 7/29/2022		649,357
	29,850	4.752%, 2/10/2023		30,046
	424,575	5.002%, 1/15/2024		428,396
		SBA Senior Finance II, LLC, Term Loan
	684,250	3.340%, 3/24/2021		685,447
		TNS, Inc., Term Loan
	389,330	5.000%, 2/14/2020		391,521
		Univision Communications, Inc., Term Loan
	575,294	4.000%, 3/1/2020		576,283
		Virgin Media Investment Holdings, Ltd., Term Loan
	390,526	3.649%, 6/30/2023		392,081
		WideOpenWest Finance, LLC, Term Loan
	850,000	4.500%, 8/18/2023		845,929
		WMG Acquisition Corporation, Term Loan
	448,156	3.750%, 7/1/2020		447,596
		XO Communications, LLC, Term Loan
	536,250	4.250%, 3/20/2021		537,146
		Yankee Cable Acquisition, LLC, Term Loan
	559,796	4.250%, 3/1/2020		559,449
		Zayo Group, LLC, Term Loan
	584,754	3.750%, 5/6/2021		587,192

		Total		15,070,943


	Consumer Cyclical (2.9%)
		Amaya BV, Term Loan
	1,099,283	5.000%, 8/1/2021		1,097,909
		Burlington Coat Factory Warehouse Corporation, Term Loan
	542,772	3.500%, 8/13/2021		546,392
		Cengage Learning Acquisitions, Term Loan
	952,613	5.250%, 6/7/2023		951,422
		Ceridian HCM Holding, Inc., Term Loan
	301,676	4.500%, 9/15/2020		294,511
		Charter Communications Operating, LLC, Term Loan
	725,625	3.000%, 1/3/2021		727,555
		Dollar Tree, Inc., Term Loan
	210,000	3.063%, 7/6/2022		211,313
		Golden Nugget, Inc., Term Loan
	157,313	0.000%, 11/21/2019^b,c		158,099
	164,255	0.000%, 11/21/2019		165,076
		Golden Nugget, Inc., Term Loan Delayed Draw
	64,563	0.000%, 11/21/2019^b,c		64,885


Principal Amount		Bank Loans (16.9%)^a	Value
	Consumer Cyclical (2.9%) - continued
	$70,395	0.000%, 11/21/2019		$70,747
		IMG Worldwide, Inc., Term Loan
	747,844	5.250%, 5/6/2021		749,901
	350,000	8.250%, 5/6/2022		349,346
		Jack Ohio Finance, LLC, Term Loan
	188,292	5.000%, 6/20/2019^b,c		183,899
		Michaels Stores, Inc., Term Loan
	619,347	4.000%, 1/30/2023^b,c		621,670
		Mohegan Tribal Gaming Authority, Term Loan
	694,552	5.500%, 6/15/2018		693,858
	775,000	0.000%, 9/30/2023^b,c		770,156
		Scientific Games International, Inc., Term Loan
	593,225	6.000%, 10/18/2020		594,892
	1,280,565	6.000%, 10/1/2021		1,282,524
		Seminole Hard Rock Entertainment, Inc., Term Loan
	43,977	3.588%, 5/14/2020		44,032
		Seminole Indian Tribe of Florida, Term Loan
	459,457	3.088%, 4/29/2020		460,606

		Total		10,038,793


	Consumer Non-Cyclical (3.1%)
		Air Medical Group Holdings, Inc., Term Loan
	538,650	5.000%, 4/28/2022		541,343
		Albertson's, LLC, Term Loan
	313,427	4.750%, 12/21/2022		316,367
	674,286	4.750%, 6/22/2023		680,725
		CHS/Community Health Systems, Inc., Term Loan
	187,266	3.750%, 1/27/2021		183,654
	1,017,860	4.000%, 1/27/2021^b,c		998,521
		Endo Luxembourg Finance I Co Sarl, Term Loan
	481,363	3.750%, 9/26/2022		480,024
		JBS USA, LLC, Term Loan
	659,266	3.750%, 5/25/2018		658,165
	138,950	4.000%, 10/30/2022		138,776
		Libbey Glass, Inc., Term Loan
	325,476	3.750%, 4/9/2021		326,290
		LTF Merger Sub, Inc., Term Loan
	617,187	4.250%, 6/10/2022		617,299
		Mallinckrodt International Finance SA, Term Loan
	272,911	3.588%, 3/19/2021		272,827
		McGraw-Hill Global Education Holdings, LLC, Term Loan
	802,988	5.000%, 5/4/2022		807,203
		MultiPlan, Inc., Term Loan
	908,934	5.000%, 6/7/2023		919,868
		Ortho-Clinical Diagnostics, Inc., Term Loan
	847,746	4.750%, 6/30/2021		827,968
		Owens-Brockway Glass Container, Inc., Term Loan
	691,250	3.500%, 9/1/2022		695,570
		Sterigenics-Nordion Holdings, LLC, Term Loan
	398,475	4.250%, 5/16/2022		399,471


Principal Amount		Bank Loans (16.9%)^a	Value
	Consumer Non-Cyclical (3.1%) - continued
		Valeant Pharmaceuticals International, Inc., Term Loan
	$1,896,345	5.500%, 4/1/2022^b,c		$1,901,276

		Total		10,765,347


	Energy (1.0%)
		Arch Coal, Inc., Term Loan
	609,250	7.500%, 5/16/2018^d		465,059
		Energy Solutions, LLC, Term Loan
	388,857	6.750%, 5/29/2020		386,913
		Exgen Renewables I, LLC, Term Loan
	376,070	5.250%, 2/8/2021		379,360
		Houston Fuel Oil Terminal, LLC, Term Loan
	402,944	4.250%, 8/19/2021		394,885
		McJunkin Red Man Corporation, Term Loan
	347,118	5.000%, 11/8/2019		338,152
		MEG Energy Corporation, Term Loan
	501,468	3.750%, 3/31/2020		466,782
		Pacific Drilling SA, Term Loan
	575,662	4.500%, 6/3/2018		158,595
		Targa Resources Partners, LP, Term Loan
	306,977	5.750%, 2/27/2022		306,977
		Western Refining, Inc., Term Loan
	238,163	5.250%, 11/12/2020		237,420
	164,588	5.500%, 6/23/2023		164,176

		Total		3,298,319


	Financials (0.9%)
		DJO Finance, LLC, Term Loan
	321,750	4.250%, 6/7/2020		315,717
		Harland Clarke Holdings Corporation, Term Loan
	296,400	7.000%, 5/22/2018		292,449
	526,500	7.000%, 12/31/2019		515,838
		MoneyGram International, Inc., Term Loan
	678,243	4.250%, 3/27/2020		656,200
		TransUnion, LLC, Term Loan
	682,505	3.588%, 4/9/2021		684,212
		WaveDivision Holdings, LLC, Term Loan
	725,516	4.000%, 10/15/2019		725,211

		Total		3,189,627


	Technology (1.8%)
		Avago Technoligies Cayman Finance, Ltd., Term Loan
	991,837	3.524%, 2/1/2023		1,003,134
		First Data Corporation, Term Loan
	619,576	4.525%, 3/24/2021		623,876
	290,000	4.275%, 7/8/2022		291,522
		JDA Software Group, Inc., Term Loan
	605,000	0.000%, 9/21/2023^b,c		605,151
		Micron Technology, Inc., Term Loan
	299,250	6.530%, 4/26/2022		302,296
		NXP BV, Term Loan
	450,000	0.000%, 12/7/2020^b,c		451,575
		ON Semiconductor Corporation, Term Loan
	1,360,000	3.776%, 9/19/2023^b,c		1,365,590


Principal Amount		Bank Loans (16.9%)^a	Value
	Technology (1.8%) - continued
		SS&C European Holdings SARL, Term Loan
	$33,133	4.000%, 7/8/2022		$33,361
	266,616	4.000%, 7/8/2022		268,451
		Versum Materials, Inc., Term Loan
	180,000	0.000%, 9/21/2023^b,c		180,751
		Western Digital Corporation, Term Loan
	1,167,075	4.500%, 4/29/2023		1,178,022

		Total		6,303,729


	Transportation (0.4%)
		OSG Bulk Ships, Inc., Term Loan
	222,481	5.250%, 8/5/2019		221,647
		XPO Logistics, Inc., Term Loan
	1,192,761	4.250%, 10/30/2021		1,198,975

		Total		1,420,622


	Utilities (0.3%)
		Calpine Corporation, Term Loan
	696,369	3.590%, 5/27/2022		697,874
		Intergen NV, Term Loan
	381,665	5.500%, 6/12/2020		358,765

		Total		1,056,639



		Total Bank Loans (cost $58,721,332)		58,418,168


Shares		Common Stock (43.3%)	Value
	Consumer Discretionary (6.9%)
	4,710	Amazon.com, Inc.^e		3,943,730
	2,440	AutoZone, Inc.^e		1,874,750
	600	Bayerische Motoren Werke AG		44,283
	400	Beiersdorf AG		37,757
	10,000	Berkeley Group Holdings plc		334,135
	1,300	Brembo SPA		77,574
	11,800	Bridgestone Corporation		434,757
	6,145	Bunzl plc		181,205
	8,180	Burlington Stores, Inc.^e		662,744
	6,000	Calsonic Kansei Corporation		55,581
	6,730	Cedar Fair, LP		385,562
	100	Christian Dior SE		17,935
	12,200	Cineworld Group plc		91,656
	31,365	Comcast Corporation		2,080,754
	2,700	Compass Group plc		52,290
	200	Continental AG		42,140
	48,200	Debenhams plc		34,817
	14,500	Denso Corporation		578,616
	13,100	Eutelsat Communications		271,137
	21,490	Ford Motor Company		259,384
	13,300	Fuji Heavy Industries, Ltd.		499,009
	9,020	General Motors Company		286,565
	15,000	Gunze, Ltd.		48,460
	3,300	Hakuhodo Dy Holdings, Inc.		38,676
	1,200	Hennes & Mauritz AB		33,871
	32,600	Honda Motor Company, Ltd.		940,846
	18,100	Inchcape plc		154,442
	2,800	Intertek Group plc		126,402
	8,100	Kingfisher plc		39,520
	700	Koito Manufacturing Company, Ltd.		34,069
	1,500	KOMERI Company, Ltd.		36,502
	1,045	Linamar Corporation		43,634
	1,000	LVMH Moet Hennessy Louis Vuitton SE		170,512
	8,500	Marks and Spencer Group plc		36,466



Shares		Common Stock (43.3%)	Value
	Consumer Discretionary (6.9%) - continued
	7,360	Masonite International Corporation^e		$457,571
	21,620	MDC Partners, Inc.^f		231,766
	10,630	Newell Brands, Inc.		559,776
	1,200	Nifco, Inc.		63,751
	34,920	NIKE, Inc.		1,838,538
	1,700	Nokian Renkaat Oy^j		61,982
	400	Paddy Power plc		45,231
	19,400	Persimmon plc		456,142
	8,615	Restoration Hardware Holdings, Inc.^e,^f		297,907
	700	RTL Group SA		58,153
	4,300	Sekisui House, Ltd.		73,258
	6,100	SHOWA Corporation		32,143
	2,700	Sky plc		31,293
	14,390	Starbucks Corporation		779,075
	13,800	Sumitomo Forestry Company, Ltd.		184,694
	8,200	Sumitomo Rubber Industries, Ltd.		124,032
	700	Swatch Group AG		38,975
	14,000	Tatts Group, Ltd.		39,348
	31,550	Time, Inc.		456,844
	13,740	Toll Brothers, Inc.^e		410,276
	600	Toyota Motor Corporation		34,804
	6,090	Tractor Supply Company		410,162
	200	Valora Holding AG		56,994
	7,000	Wacoal Holdings Corporation		79,015
	21,400	Walt Disney Company		1,987,204
	830	Whirlpool Corporation		134,593
	1,800	Whitbread plc		91,354
	11,850	Wolters Kluwer NV		506,604
	8,700	WPP plc		204,498
	4,400	Yokohama Rubber Company, Ltd.		70,432

		Total		23,766,196


	Consumer Staples (2.3%)
	13,010	AdvancePierre Foods Holdings, Inc.		358,556
	12,740	Anheuser-Busch InBev NV ADR		1,674,163
	6,800	Axfood AB		120,047
	3,378	British American Tobacco plc		215,434
	12,500	Coca-Cola HBC AG		290,393
	2,600	Ebro Foods SA		60,477
	650	George Weston, Ltd.		54,222
	2,700	Henkel AG & Company KGaA		314,913
	19,630	Imperial Brands plc		1,010,363
	2,200	Jeronimo Martins SGPS SA		38,130
	2,800	Kao Corporation		158,307
	1,300	Kesko Oyj		59,891
	34,782	Koninklijke Ahold Delhaize NV		792,198
	3,800	Nestle SA		300,064
	16,110	Philip Morris International, Inc.		1,566,214
	796	Premium Brands Holdings Corporation		37,496
	2,800	Suedzucker AG		77,870
	800	Universal Corporation		46,576
	8,410	Walgreens Boots Alliance, Inc.		678,014
	5,670	WhiteWave Foods Company^e		308,618

		Total		8,161,946


	Energy (2.7%)
	9,012	Baytex Energy Corporatione		38,261
	238,042	BP plc		1,387,477
	7,960	Continental Resources, Inc.^e		413,602
	3,947	Contura Energy, Inc.^e		164,787
	18,440	EOG Resources, Inc.		1,783,332
	20,620	EQT Corporation		1,497,424
	10,948	OMV AG		315,217
	12,780	Parsley Energy, Inc.^e		428,258



Shares		Common Stock (43.3%)	Value
	Energy (2.7%) - continued
	3,020	Pioneer Natural Resources Company		$560,663
	9,446	Royal Dutch Shell plc		235,723
	406	Royal Dutch Shell plc, Class A		10,100
	21,700	Royal Dutch Shell plc, Class B		562,584
	9,236	Statoil ASA		155,057
	8,617	Total SA		409,832
	535	Vantage Drilling International^e		42,265
	224,240	Weatherford International plc^e		1,260,229

		Total		9,264,811


	Financials (5.8%)
	2,900	Affiliated Managers Group, Inc.^e		419,630
	5,400	AIA Group, Ltd.		36,314
	9,000	Allianz SE		1,337,499
	51,650	Apollo Investment Corporation		299,570
	23,800	Ares Capital Corporation		368,900
	20,100	Australia & New Zealand Banking Group, Ltd.		428,162
	34,600	Banco Santander SA		153,498
	24,400	Bank of East Asia, Ltd.		99,585
	4,806	Bank of Montreal		314,929
	16,255	Bank of Nova Scotia		861,349
	12,360	Bank of the Ozarks, Inc.		474,624
	467	Canadian Imperial Bank of Commerce		36,212
	1,674	Canadian Western Bank		32,218
	10,000	Chiba Bank, Ltd.		56,792
	5,954	CI Financial Corporation		114,228
	31,118	Citigroup, Inc.		1,469,703
	11,200	CNP Assurances		188,171
	1,800	Danske Bank AS		52,661
	36,388	Direct Line Insurance Group plc		171,886
	27,620	Encore Capital Group, Inc.^e,f		620,898
	10,300	Erste Group Bank AG		305,002
	1,900	EXOR SPA		76,934
	48,800	FlexiGroup, Ltd.		87,132
	75,000	Fukuoka Financial Group, Inc.		311,726
	2,657	Genworth MI Canada, Inc.		68,372
	400	Groupe Bruxelles Lambert SA		35,505
	9,400	Hang Seng Bank, Ltd.		168,742
	4,200	Hannover Rueckversicherung SE		450,223
	61,300	Henderson Group plc		184,016
	2,472	Intact Financial Corporation		178,699
	6,200	Intercontinental Exchange, Inc.		1,670,032
	47,600	Investec plc		290,157
	23,730	J.P. Morgan Chase & Company		1,580,181
	42,180	KeyCorp		513,331
	6,300	Macquarie Group, Ltd.		398,441
	155,800	Mizuho Financial Group, Inc.		262,591
	3,000	MS and AD Insurance Group Holdings, Inc.		83,614
	2,900	National Australia Bank, Ltd.		62,338
	18,583	National Bank of Canada		658,928
	9,100	Nordea Bank AB		90,367
	12,400	Old Mutual plc		32,503
	11,320	Power Corporation of Canada		239,783
	1,606	Power Financial Corporation		37,214
	5,900	Raymond James Financial, Inc.		343,439
	2,032	Schroders plc		70,960
	7,500	Swiss Re AG		677,388
	43,180	Synchrony Financial		1,209,040
	17,900	T&D Holdings, Inc.		201,932
	1,300	Talanx AG		39,670
	1,000	Tokio Marine Holdings, Inc.		38,350
	2,988	Toronto-Dominion Bank		132,643
	23,300	United Overseas Bank, Ltd.		323,259



Shares		Common Stock (43.3%)	Value
	Financials (5.8%) - continued
	22,700	Westpac Banking Corporation		$516,475
	14,950	XL Group, Ltd.		502,768
	18,950	Zions Bancorporation		587,829

		Total		19,966,413


	Health Care (4.6%)
	54,400	Abbott Laboratories		2,300,576
	15,870	Akorn, Inc.^e		432,616
	6,840	Allergan plc^e		1,575,321
	400	Anthem, Inc.		50,124
	3,400	CSL, Ltd.		279,584
	6,968	Essilor International SA		898,845
	9,060	Gilead Sciences, Inc.		716,827
	5,400	Grifols SA		116,399
	5,400	Hikma Pharmaceuticals plc		141,057
	12,870	Hologic, Inc.^e		499,742
	470	ICON plce		36,364
	600	Laboratory Corporation of America Holdings^e		82,488
	900	Lonza Group AG		172,259
	19,350	Medtronic plc		1,671,840
	34,560	Merck & Company, Inc.		2,156,890
	3,000	Merck KGaA		323,596
	9,700	Novartis AG		765,527
	9,700	Novo Nordisk AS		404,284
	20,590	Pfizer, Inc.		697,383
	1,000	Roche Holding AG-Genusschein		248,499
	8,400	Sanofi		639,671
	2,960	Teleflex, Inc.		497,428
	9,290	Vertex Pharmaceuticals, Inc.^e		810,181
	3,170	Waters Corporatione		502,413

		Total		16,019,914


	Industrials (4.9%)
	9,500	ABB, Ltd.		214,111
	2,900	Adecco SA		163,461
	34,400	Air New Zealand, Ltd.		46,663
	4,500	Amada Holdings Company, Ltd.		46,810
	1,300	Andritz AG		70,743
	22,000	Asahi Glass Company, Ltd.		142,251
	1,400	Atlas Copco Aktiebolag		42,146
	3,500	Babcock International Group plc		46,858
	2,000	Berendsen plc		32,154
	600	Brenntag AG		32,790
	6,294	Canadian National Railway Company		411,428
	2,800	Capita plc		24,255
	20,000	Cathay Pacific Airways, Ltd.		27,959
	6,000	Dai Nippon Printing Company, Ltd.		58,858
	5,548	Dart Group plc		30,130
	300	DCC plc		27,257
	10,560	Delta Air Lines, Inc.		415,642
	4,200	Deutsche Post AG		131,496
	3,000	DSV AS		149,686
	3,500	East Japan Railway Company		315,924
	8,900	EMCOR Group, Inc.		530,618
	3,190	Equifax, Inc.		429,310
	900	Flughafen Zuerich AG		175,944
	2,000	Fraport AG Frankfurt Airport Services Worldwide		109,461
	100	Georg Fischer AG		87,669
	2,300	Hitachi Transport System, Ltd.		45,958
	700	Hochtief AG		98,788
	13,310	Illinois Tool Works, Inc.		1,595,070
	2,800	Inaba Denki Sangyo Company, Ltd.		101,209
	27,500	Ingersoll-Rand plc		1,868,350
	54,700	ITOCHU Corporation		688,649



Shares		Common Stock (43.3%)	Value
	Industrials (4.9%) - continued
	26,780	Jacobs Engineering Group, Inc.^e		$1,385,062
	1,700	Jardine Matheson Holdings, Ltd.		103,037
	5,000	Kamigumi Company, Ltd.		43,620
	13,300	KITZ Corporation		73,612
	14,500	KONE Oyj		736,126
	3,032	Koninklijke Boskalis Westminster NV		107,912
	700	Kuehne & Nagel International AG		101,728
	2,600	Kurita Water Industries, Ltd.		61,779
	600	Legrand SA		35,372
	19,100	Marubeni Corporation		98,119
	13,330	Masco Corporation		457,352
	20,600	Meggitt plc		120,235
	4,160	Middleby Corporatione		514,259
	5,200	MIRAIT Holdings Corporation		44,309
	17,000	Mitsubishi Electric Corporation		217,884
	6,000	Mitsuboshi Belting, Ltd.		50,983
	34,600	Mitsui & Company, Ltd.		479,518
	9,000	Nippon Express Company, Ltd.		42,075
	9,900	Nitto Kogyo Corporation		129,959
	2,200	Randstad Holding NV		100,040
	262	Rieter Holding AG		53,153
	4,900	Sanwa Holdings Corporation		47,437
	200	Schindler Holding AG		37,882
	1,000	Schindler Holding AG, Participation Certificate		187,782
	5,000	Siemens AG		586,305
	2,900	Skanska AB		67,752
	5,100	SKF AB		88,074
	8,400	Smiths Group plc		159,451
	1,400	Southwest Airlines Company		54,446
	1,500	TOTO, Ltd.		56,711
	14,290	Union Pacific Corporation		1,393,704
	8,000	Vinci SA		612,630
	4,770	WABCO Holdings, Inc.^e		541,538
	2,084	WSP Global, Inc.		65,652
	1,700	Yuasa Trading Company, Ltd.		39,057

		Total		17,056,203


	Information Technology (6.6%)
	2,230	Alphabet, Inc., Class A^e		1,793,054
	1,165	Alphabet, Inc., Class C^e		905,543
	24,260	Apple, Inc.		2,742,593
	5,100	Canon, Inc.		148,065
	6,720	Check Point Software Technologies, Ltd.^e		521,539
	13,240	Facebook, Inc.^e		1,698,295
	22,310	Finisar Corporation^e		664,838
	11,900	FUJIFILM Holdings NPV		440,810
	2,600	Halma plc		35,300
	1,000	Hoya Corporation		40,228
	18,950	Juniper Networks, Inc.		455,937
	2,700	Kyocera Corporation		129,744
	1,300	Micro Focus International plc		37,003
	36,710	Microsoft Corporation		2,114,496
	5,000	NEC Networks & System Integration Corporation		85,170
	1,600	Nice, Ltd.		106,538
	2,700	NS Solutions Corporation		47,184
	800	NTT Data Corporation		39,956
	1,810	NVIDIA Corporation		124,021
	500	Oracle Corporation Japan		28,249
	4,840	Palo Alto Networks, Inc.^e		771,157
	48,910	Pandora Media, Inc.^e,f		700,880
	35,560	PayPal Holdings, Inc.^e		1,456,893
	9,020	Plantronics, Inc.		468,679
	32,610	Pure Storage, Inc.^e,f		441,866



Shares		Common Stock (43.3%)	Value
	Information Technology (6.6%) - continued
	7,750	Salesforce.com, Inc.^e		$552,807
	400	SAP SE		36,581
	1,100	Trend Micro, Inc.		38,374
	8,350	Twitter, Inc.^e,f		192,468
	2,910	Ultimate Software Group, Inc.^e		594,775
	900	United Internet AG		39,859
	15,200	Vantiv, Inc.^e		855,304
	26,270	Visa, Inc.		2,172,529
	45,880	Xilinx, Inc.		2,493,119

		Total		22,973,854


	Materials (1.4%)
	2,600	Adeka Corporation		35,972
	900	Air Liquide SA		96,513
	2,800	Amcor, Ltd.		32,613
	1,450	Ashland Global Holdings, Inc.		168,128
	35,700	BHP Billiton, Ltd.		618,414
	1,900	Croda International plc		85,736
	3,620	Crown Holdings, Inc.^e		206,666
	30,600	Daicel Corporation		386,695
	8,000	Denki Kagaku Kogyo KK		34,647
	4,850	Domtar Corporation		180,081
	1,970	Eagle Materials, Inc.		152,281
	1,200	Evonik Industries AG		40,625
	2,940	FMC Corporation		142,120
	100	Givaudan SA		203,872
	3,900	Hexpol AB		34,969
	3,000	JSR Corporation		47,153
	6,400	Kuraray Company, Ltd.		94,944
	15,100	Mitsubishi Chemical Holdings Corporation		94,668
	3,000	Mitsubishi Gas Chemical Company, Inc.		42,951
	1,900	Mitsubishi Materials Corporation		51,970
	600	Nippon Shokubai Company, Ltd.		37,484
	500	Nitto Denko Corporation		32,473
	64,452	Norsk Hydro ASA		278,675
	17,100	Orora, Ltd.		41,472
	3,090	Packaging Corporation of America		251,093
	1,920	PPG Industries, Inc.		198,451
	14	Rio Tinto, Ltd.		557
	6,300	RPC Group plc		78,289
	8,300	Steel Dynamics, Inc.		207,417
	3,000	Sumitomo Metal Mining Company, Ltd.		41,435
	1,600	Sumitomo Seika Chemicals Company, Ltd.		56,706
	7,000	Tosoh Corporation		43,145
	12,097	UPM-Kymmene Oyj		255,424
	20,516	Verso Corporatione		132,328
	11,756	Yara International ASA		391,745

		Total		4,797,712


	Real Estate (6.8%)
	2,000	Acadia Realty Trust		72,480
	1,750	Agree Realty Corporation		86,520
	8,040	Alexandria Real Estate Equities, Inc.		874,511
	1,450	American Campus Communities, Inc.		73,762
	4,200	American Homes 4 Rent		90,888
	3,950	Apartment Investment & Management Company		181,344
	3,500	Apple Hospitality REIT, Inc.		64,785
	2,900	AvalonBay Communities, Inc.		515,736
	1,200	Bluerock Residential Growth REIT, Inc.		15,600
	5,550	Boston Properties, Inc.		756,409



Shares		Common Stock (43.3%)	Value
	Real Estate (6.8%) - continued
	2,000	Brandywine Realty Trust		$31,240
	28,668	Brixmor Property Group, Inc.		796,684
	7,980	Camden Property Trust		668,245
	33,400	CapitaMall Trust		53,212
	1,800	Care Capital Properties, Inc.		51,300
	1,024	Chesapeake Lodging Trust		23,450
	650	CoreSite Realty Corporation		48,126
	5,280	Crown Castle International Corporation		497,429
	5,200	CubeSmart		141,752
	2,100	CyrusOne, Inc.		99,897
	400	Daito Trust Construction Company, Ltd.		63,976
	800	DCT Industrial Trust, Inc.		38,840
	6,300	DDR Corporation		109,809
	5,100	Derwent London plc		171,901
	51,200	DEXUS Property Group		359,863
	1,414	DiamondRock Hospitality Company		12,867
	3,168	Digital Realty Trust, Inc.		307,676
	1,400	Douglas Emmett, Inc.		51,282
	31,960	Duke Realty Corporation		873,467
	1,150	DuPont Fabros Technology, Inc.		47,438
	1,200	Education Realty Trust, Inc.		51,768
	1,319	EPR Properties		103,858
	2,012	Equinix, Inc.		724,823
	2,000	Equity Lifestyle Properties, Inc.		154,360
	1,100	Equity One, Inc.		33,671
	10,210	Equity Residential		656,809
	1,425	Essex Property Trust, Inc.		317,347
	3,000	Extra Space Storage, Inc.		238,230
	1,100	Federal Realty Investment Trust		169,323
	2,000	First Industrial Realty Trust, Inc.		56,440
	2,800	Forest City Realty Trust, Inc.		64,764
	30,600	Frasers Centrepoint Trust		49,366
	2,950	Gaming and Leisure Properties, Inc.		98,678
	12,086	General Growth Properties, Inc.		333,574
	1,400	GEO Group, Inc.		33,292
	5,200	Gramercy Property Trust		50,128
	3,800	Great Portland Estates plc		31,162
	17,110	H&R Real Estate Investment Trust		292,524
	4,300	Hamborner REIT AG		45,488
	8,400	HCP, Inc.		318,780
	2,600	Healthcare Realty Trust, Inc.		88,556
	3,650	Healthcare Trust of America, Inc.		119,063
	2,900	Highwoods Properties, Inc.		151,148
	3,600	Hospitality Properties Trust		106,992
	16,096	Host Hotels & Resorts, Inc.		250,615
	2,200	Hudson Pacific Properties, Inc.		72,314
	7,000	Hufvudstaden AB		121,286
	61,000	Hysan Development Company, Ltd.		287,008
	4,400	Iron Mountain, Inc.		165,132
	1,700	Kilroy Realty Corporation		117,895
	11,200	Kimco Realty Corporation		324,240
	1,403	Lamar Advertising Company		91,630
	2,400	LaSalle Hotel Properties		57,288
	2,100	Liberty Property Trust		84,735
	915	Life Storage, Inc.		81,380
	11,000	Link REIT		81,203
	3,150	Macerich Company		254,740
	6,400	Medical Properties Trust, Inc.		94,528
	1,700	Mid-America Apartment Communities, Inc.		159,783
	1,500	National Health Investors, Inc.		117,720
	4,600	National Retail Properties, Inc.		233,910
	450	National Storage Affiliates Trust		9,423



Shares		Common Stock (43.3%)	Value
	Real Estate (6.8%) - continued
	226,510	New World Development Company, Ltd.		$297,021
	3,500	NorthStar Realty Finance Corporation		46,095
	3,050	Omega Healthcare Investors, Inc.		108,123
	1,600	Outfront Media, Inc.		37,840
	3,400	Parkway Properties, Inc.		57,834
	1,200	Pebblebrook Hotel Trust		31,920
	4,500	Physicians Realty Trust		96,930
	989	Post Properties, Inc.		65,403
	16,223	Prologis, Inc.		868,579
	3,740	Public Storage, Inc.		834,544
	919	QTS Realty Trust, Inc.		48,569
	2,900	Realty Income Corporation		194,097
	3,000	Regency Centers Corporation		232,470
	2,050	Retail Opportunity Investments Corporation		45,018
	3,500	Retail Properties of America, Inc.		58,800
	1,994	RioCan Real Estate Investment Trust		41,371
	4,592	RLJ Lodging Trust		96,570
	3,171	Senior Housing Property Trust		72,013
	8,903	Simon Property Group, Inc.		1,843,010
	2,300	SL Green Realty Corporation		248,630
	16,900	Spirit Realty Captial, Inc.		225,277
	92,857	Stockland		340,082
	3,760	Store Capital Corporation		110,807
	4,300	Summit Hotel Properties, Inc.		56,588
	1,400	Sun Communities, Inc.		109,872
	4,162	Sunstone Hotel Investors, Inc.		53,232
	400	Swiss Prime Site AG^e		35,128
	1,932	Tanger Factory Outlet Centers, Inc.		75,271
	800	Taubman Centers, Inc.		59,528
	6,400	UDR, Inc.		230,336
	2,400	Urban Edge Properties		67,536
	600	Urstadt Biddle Properties, Inc.		13,332
	6,900	Ventas, Inc.		487,347
	14,319	VEREIT, Inc.		148,488
	6,690	Vornado Realty Trust		677,095
	2,300	Weingarten Realty Investors		89,654
	15,173	Welltower, Inc.		1,134,485
	6,000	Wharf Holdings, Ltd.		44,019
	8,000	Wheelock and Company, Ltd.		47,518
	53,100	Wing Tai Holdings, Ltd.		65,902
	1,200	WP Carey, Inc.		77,436

		Total		23,549,233


	Telecommunications Services (0.7%)
	2,267	BCE, Inc.		104,697
	29,000	BT Group plc		145,908
	11,000	Elisa Oyj		405,388
	7,500	Freenet AG		219,516
	126,585	KCOM Group plc		190,202
	700	Millicom International Cellular SA		36,268
	900	Nippon Telegraph & Telephone Corporation		41,162
	10,400	Orange SA		162,943
	147,000	PCCW, Ltd.		90,540
	3,700	Proximus SA		110,690
	12,600	Telefonica Deutschland Holding AG		50,802
	8,453	Telenor ASA		145,357
	13,000	Vodafone Group plc		37,283
	23,400	Zayo Group Holdings, Inc.^e		695,214

		Total		2,435,970


	Utilities (0.6%)
	4,200	E.ON SE		29,852


Shares		Common Stock (43.3%)	Value
	Utilities (0.6%) - continued
	63,700	Electricidade de Portugal SA		$213,779
	26,100	MDU Resources Group, Inc.		663,984
	10,610	NorthWestern Corporation		610,393
	93,000	Osaka Gas Company, Ltd.		390,063
	43,300	Redes Energeticas Nacionais SGPS SA		126,564
	7,000	Toho Gas Company, Ltd.		65,549
	8,800	United Utilities Group plc		114,300

		Total		2,214,484



		Total Common Stock (cost $136,587,891)		150,206,736


Principal Amount		Long-Term Fixed Income (32.0%)	Value
	Asset-Backed Securities (1.7%)
		Asset Backed Securities Corporation Home Equity Loan Trust
	348,120	0.665%, 7/25/2036^g		313,309
		Bayview Opportunity Master Fund Trust
	75,249	3.623%, 4/28/2030^h		74,892
	191,574	3.228%, 7/28/2034^*,i		191,196
	349,624	3.721%, 7/28/2035^h,i		349,376
		Credit Based Asset Servicing and Securitization, LLC
	262,712	5.501%, 12/25/2036ⁱ		195,355
		Earnest Student Loan Program, LLC
	369,380	2.680%, 7/25/2035^h		368,266
		First Horizon ABS Trust
	159,399	0.685%, 10/25/2034^g,j		147,474
		GMAC Mortgage Corporation Loan Trust
	338,994	1.024%, 8/25/2035^g,j		317,754
	322,033	0.704%, 12/25/2036^g,j		290,805
		IndyMac Seconds Asset-Backed Trust
	234,512	0.865%, 10/25/2036^g,j		149,864
		J.P. Morgan Mortgage Acquisition Trust
	184,623	6.472%, 3/25/2047ⁱ		128,761
		Lehman XS Trust
	192,771	5.440%, 8/25/2035ⁱ		169,339
		Marlette Funding Trust
	419,052	3.060%, 1/17/2023^*		419,531
		Merrill Lynch Mortgage Investors Trust
	353,502	2.823%, 6/25/2035		233,667
		NRZ Advance Receivables Trust Advance Receivables Backed
	451,000	2.751%, 6/15/2049^*		451,176
		Preferred Term Securities XXIII, Ltd.
	485,388	1.050%, 12/22/2036^*,g		360,095
		Preston Ridge Partners Mortgage Trust, LLC
	275,000	4.000%, 9/27/2021^*,i		275,550
		Pretium Mortgage Credit Partners, LLC
	244,096	7.125%, 7/27/2031^*,i		244,827
		Sunset Mortgage Loan Company, LLC
	123,687	4.459%, 9/18/2045^*,i		123,555
	166,918	3.844%, 7/16/2047^*,i		166,960
		United Airlines Pass Through Trust
	65,000	3.700%, 12/1/2022		68,900


Principal Amount		Long-Term Fixed Income (32.0%)	Value
	Asset-Backed Securities (1.7%) - continued
		US Residential Opportunity Fund Trust
	$344,313	3.475%, 7/27/2036^*		$344,985
		Vericrest Opportunity Loan Transferee
	110,293	3.375%, 10/25/2058^*,i		110,073
	118,308	3.500%, 6/26/2045^h		118,315
		Wachovia Asset Securitization, Inc.
	464,421	0.665%, 7/25/2037^*,g,j		386,959

		Total		6,000,984


	Basic Materials (0.6%)
		Albemarle Corporation
	96,000	3.000%, 12/1/2019		99,045
		Alcoa Netherlands Holding BV
	90,000	6.750%, 9/30/2024^h		93,487
		ArcelorMittal SA
	190,000	6.500%, 3/1/2021^f		211,375
		Dow Chemical Company
	86,000	8.550%, 5/15/2019		100,865
		Glencore Funding, LLC
	65,000	1.739%, 4/16/2018^g,h		64,269
		INEOS Group Holdings SA
	380,000	5.625%, 8/1/2024^f,h		372,875
		LyondellBasell Industries NV
	80,000	5.000%, 4/15/2019		85,863
		Newmont Mining Corporation, Convertible
	200,000	1.625%, 7/15/2017		218,000
		NOVA Chemicals Corporation
	341,904	5.250%, 8/1/2023^h		349,597
		Royal Gold, Inc., Convertible
	150,000	2.875%, 6/15/2019		167,531
		RPM International, Inc., Convertible
	145,000	2.250%, 12/15/2020		173,728

		Total		1,936,635


	Capital Goods (0.7%)
		Ball Corporation
	200,000	4.375%, 12/15/2020		213,500
		Berry Plastics Corporation
	155,000	6.000%, 10/15/2022		163,525
		Building Materials Corporation of America
	280,000	6.000%, 10/15/2025^h		299,600
		Cemex SAB de CV
	300,000	5.700%, 1/11/2025^h		303,660
		CNH Industrial Capital, LLC
	305,000	4.375%, 11/6/2020		318,725
		Crown Americas Capital Corporation IV
	190,000	4.500%, 1/15/2023		197,125
		General Electric Company
	103,000	5.000%, 12/29/2049^k		109,535
		Lockheed Martin Corporation
	65,000	2.500%, 11/23/2020		67,098
		Reynolds Group Issuer, Inc.
	340,000	5.125%, 7/15/2023^h		351,050
		Roper Industries, Inc.
	71,000	2.050%, 10/1/2018		71,751
		United Rentals North America, Inc.
	290,000	5.500%, 7/15/2025		295,800

		Total		2,391,369


Principal Amount		Long-Term Fixed Income (32.0%)	Value
	Collateralized Mortgage Obligations (3.6%)
		Alternative Loan Trust
	$74,566	5.500%, 5/25/2035		$74,375
		Angel Oak Mortgage Trust
	219,513	4.500%, 11/25/2045^*,i		220,130
		Banc of America Alternative Loan Trust
	483,172	6.000%, 11/25/2035		427,802
		Banc of America Mortgage Securities, Inc.
	162,912	3.226%, 9/25/2035		149,185
		Bayview Opportunity Master Fund Trust
	390,230	3.475%, 7/28/2031^h		389,945
		Bear Stearns ALT-A Trust
	183,195	3.071%, 10/25/2033		178,633
		COLT Mortgage Loan Trust
	350,000	2.750%, 9/25/2046^*		352,032
		Countrywide Alternative Loan Trust
	424,768	6.500%, 8/25/2036		289,562
		Countrywide Home Loan Mortgage Pass Through Trust
	323,973	2.834%, 11/25/2035		265,553
		Credit Suisse First Boston Mortgage Securities Corporation
	285,140	5.250%, 10/25/2035		277,676
		Deutsche Alt-A Securities, Inc., Mortgage Loan Trust
	318,050	2.330%, 8/25/2035		245,486
	514,460	5.500%, 11/25/2035		513,017
	342,383	1.277%, 4/25/2047^g		290,968
		GMAC Mortgage Corporation Loan Trust
	235,175	3.407%, 5/25/2035		216,852
		HarborView Mortgage Loan Trust
	257,878	3.098%, 7/19/2035		226,550
	160,724	3.232%, 12/19/2035		139,679
		IndyMac INDA Mortgage Loan Trust
	232,266	3.180%, 8/25/2036		220,614
		IndyMac INDX Mortgage Loan Trust
	427,787	0.735%, 4/25/2046^g		314,357
		J.P. Morgan Alternative Loan Trust
	568,105	6.500%, 3/25/2036		468,016
		J.P. Morgan Mortgage Trust
	434,364	3.229%, 8/25/2035		430,277
	465,763	2.932%, 1/25/2037		415,735
		Merrill Lynch Mortgage Investors Trust
	427,701	6.250%, 8/25/2036		342,738
		MortgageIT Trust
	622,975	0.785%, 12/25/2035^g		557,217
	684,875	0.725%, 4/25/2036^g		506,761
		New York Mortgage Trust
	171,411	3.005%, 5/25/2036		154,332
		Residential Accredit Loans, Inc. Trust
	335,945	5.750%, 9/25/2035		300,985
		Residential Funding Mortgage Security I Trust
	569,311	6.000%, 7/25/2037		525,995
		Structured Adjustable Rate Mortgage Loan Trust
	351,240	2.926%, 1/25/2035		287,068
	224,544	3.268%, 7/25/2035		191,667
	355,784	3.332%, 9/25/2035		292,006


Principal Amount		Long-Term Fixed Income (32.0%)	Value
	Collateralized Mortgage Obligations (3.6%) - continued
		Structured Asset Mortgage Investments, Inc.
	$823,460	0.835%, 12/25/2035^g		$574,828
		Vericrest Opportunity Loan Transferee
	397,763	3.500%, 7/25/2046^h,i		398,025
		WaMu Mortgage Pass Through Certificates
	102,650	5.000%, 11/25/2018		104,430
	161,956	2.026%, 1/25/2037		137,163
	291,644	1.247%, 1/25/2047^g		227,399
		Washington Mutual Mortgage Pass Through Certificates Trust
	419,519	1.257%, 2/25/2047^g		312,527
		Wells Fargo Mortgage Backed Securities Trust
	262,999	3.027%, 10/25/2036		244,103
	142,596	2.894%, 3/25/2036		142,268
	489,522	3.018%, 7/25/2036		479,115
	281,544	6.000%, 7/25/2037		279,785
	238,075	6.000%, 7/25/2037		237,600

		Total		12,402,456


	Commercial Mortgage-Backed Securities (<0.1%)
		Bear Stearns Commercial Mortgage Securities Trust
	150,740	5.568%, 10/12/2041		150,712

		Total		150,712


	Communications Services (1.6%)
		Altice US Finance I Corporation
	200,000	5.500%, 5/15/2026^h		205,500
		AMC Networks, Inc.
	300,000	5.000%, 4/1/2024		301,875
		America Movil SAB de CV
	71,000	5.000%, 10/16/2019		77,614
		American Tower Corporation
	65,000	2.800%, 6/1/2020		66,676
		AT&T, Inc.
	86,000	5.875%, 10/1/2019		96,217
	65,000	1.768%, 6/30/2020^g		65,562
	60,000	2.800%, 2/17/2021		61,737
		British Sky Broadcasting Group plc
	102,000	2.625%, 9/16/2019^h		103,712
		CCOH Safari, LLC
	305,000	5.750%, 2/15/2026^h		323,300
		CenturyLink, Inc.
	230,000	6.450%, 6/15/2021		246,387
	40,000	7.500%, 4/1/2024		42,700
		Charter Communications Operating, LLC
	72,000	3.579%, 7/23/2020^h		75,254
	32,000	4.464%, 7/23/2022^h		34,530
		Clear Channel Worldwide Holdings, Inc.
	200,000	6.500%, 11/15/2022		208,250
		Columbus International, Inc.
	205,000	7.375%, 3/30/2021^h		217,423
		Crown Castle International Corporation
	35,000	3.400%, 2/15/2021		36,629
	35,000	2.250%, 9/1/2021		34,972
		CSC Holdings, LLC
	20,000	5.500%, 4/15/2027^h		20,450


Principal Amount		Long-Term Fixed Income (32.0%)	Value
	Communications Services (1.6%) - continued
		Digicel, Ltd.
	$257,936	6.000%, 4/15/2021^*		$227,861
		DISH Network Corporation, Convertible
	460,000	3.375%, 8/15/2026^h		503,700
		Frontier Communications Corporation
	275,000	8.875%, 9/15/2020		296,656
		Hughes Satellite Systems Corporation
	246,000	6.500%, 6/15/2019		269,062
		Liberty Interactive, LLC, Convertible
	220,000	1.750%, 9/30/2046^h		232,375
		Neptune Finco Corporation
	100,000	10.875%, 10/15/2025^h		117,000
		Nexstar Escrow Corporation
	335,000	5.625%, 8/1/2024^h		335,837
		Sprint Corporation
	290,000	7.625%, 2/15/2025		287,100
		Telefonica Emisiones SAU
	78,000	3.192%, 4/27/2018		79,841
		T-Mobile USA, Inc.
	250,000	6.633%, 4/28/2021		263,125
		Univision Communications, Inc.
	200,000	5.125%, 5/15/2023^h		202,500
		Verizon Communications, Inc.
	237,000	2.625%, 2/21/2020		243,733
	106,000	4.500%, 9/15/2020		116,321

		Total		5,393,899


	Consumer Cyclical (1.6%)
		Allison Transmission, Inc.
	305,000	5.000%, 10/1/2024^h		312,625
		AmeriGas Finance, LLC
	100,000	5.625%, 5/20/2024		106,000
		BMW US Capital, LLC
	80,000	1.500%, 4/11/2019^h		80,126
		Brookfield Residential Properties, Inc.
	200,000	6.125%, 7/1/2022^h		202,000
		Cinemark USA, Inc.
	263,000	4.875%, 6/1/2023		264,315
		Corrections Corporation of America
	190,000	5.000%, 10/15/2022		171,950
		Daimler Finance North America, LLC
	55,000	1.875%, 1/11/2018^h		55,323
		eBay, Inc.
	55,000	2.500%, 3/9/2018		55,778
		ERAC USA Finance, LLC
	106,000	2.350%, 10/15/2019^h		107,690
		Ford Motor Credit Company, LLC
	130,000	5.000%, 5/15/2018		136,455
	87,000	2.597%, 11/4/2019		88,365
		General Motors Financial Company, Inc.
	40,000	3.150%, 1/15/2020		40,759
	150,000	4.375%, 9/25/2021		160,208
		Home Depot, Inc.
	65,000	1.220%, 9/15/2017^g		65,179
	65,000	2.625%, 6/1/2022		67,497
		Hyundai Capital America
	84,000	1.450%, 2/6/2017^h		84,074
		Jaguar Land Rover Automotive plc
	273,000	5.625%, 2/1/2023^h		285,967


Principal Amount		Long-Term Fixed Income (32.0%)	Value
	Consumer Cyclical (1.6%) - continued
		KB Home
	$189,000	4.750%, 5/15/2019		$193,016
		L Brands, Inc.
	273,000	6.625%, 4/1/2021		314,632
		Lennar Corporation
	225,000	4.500%, 11/15/2019		237,094
		Live Nation Entertainment, Inc.
	335,000	5.375%, 6/15/2022^h		345,888
		Macy's Retail Holdings, Inc.
	66,000	7.450%, 7/15/2017		69,071
		MGM Resorts International
	300,000	6.000%, 3/15/2023		325,500
		Newell Rubbermaid, Inc.
	55,000	3.150%, 4/1/2021		57,302
		PulteGroup, Inc.
	335,000	4.250%, 3/1/2021		351,750
		Ralph Lauren Corporation
	60,000	2.625%, 8/18/2020		62,050
		Royal Caribbean Cruises, Ltd.
	517,936	5.250%, 11/15/2022^f		563,255
		Toll Brothers Finance Corporation
	76,000	4.000%, 12/31/2018		78,755
		Visa, Inc.
	65,000	2.200%, 12/14/2020		66,662
		Walgreens Boots Alliance, Inc.
	55,000	1.750%, 5/30/2018		55,301
	55,000	2.600%, 6/1/2021		56,285
		West Corporation
	210,000	5.375%, 7/15/2022^h		205,800
		Yum! Brands, Inc.
	305,000	5.000%, 6/1/2024^h		318,725

		Total		5,585,397


	Consumer Non-Cyclical (1.4%)
		Actavis Funding SCS
	40,000	2.100%, 3/12/2020^g		40,673
		Anheuser-Busch InBev Finance, Inc.
	90,000	2.017%, 2/1/2021^g		92,371
	65,000	2.650%, 2/1/2021		67,073
		B&G Foods, Inc.
	120,000	4.625%, 6/1/2021		123,600
		BAT International Finance plc
	65,000	1.360%, 6/15/2018^g,h		65,209
		Baxter International, Inc.
	40,000	1.700%, 8/15/2021		39,709
		Becton, Dickinson and Company
	80,000	1.450%, 5/15/2017		80,132
		Boston Scientific Corporation
	40,000	6.000%, 1/15/2020		45,187
		Bunge Limited Finance Corporation
	65,000	3.500%, 11/24/2020		67,984
		Cardinal Health, Inc.
	65,000	1.950%, 6/15/2018		65,614
		Celgene Corporation
	65,000	3.550%, 8/15/2022		69,061
		Cott Beverages, Inc.
	200,000	5.375%, 7/1/2022		206,000
		CVS Health Corporation
	86,000	2.250%, 12/5/2018		87,548
		EMD Finance, LLC
	39,000	1.207%, 3/17/2017^g,h		39,017
		Envision Healthcare Corporation
	295,000	5.125%, 7/1/2022^h		293,525
		Express Scripts Holding Company
	55,000	3.900%, 2/15/2022		59,345


Principal Amount		Long-Term Fixed Income (32.0%)	Value
	Consumer Non-Cyclical (1.4%) - continued
		Forest Laboratories, Inc.
	$109,000	4.375%, 2/1/2019^h		$114,823
		Gilead Sciences, Inc.
	65,000	3.250%, 9/1/2022		69,021
		Grifols Worldwide Operations, Ltd.
	200,000	5.250%, 4/1/2022		207,000
		HCA, Inc.
	227,936	4.750%, 5/1/2023		237,623
	115,000	4.500%, 2/15/2027		115,719
		Iconix Brand Group, Inc., Convertible
	240,000	1.500%, 3/15/2018		207,000
		Intercept Pharmaceuticals, Inc., Convertible
	150,000	3.250%, 7/1/2023		167,719
		JBS USA, LLC
	290,000	5.750%, 6/15/2025^h		284,925
		Laboratory Corporation of America Holdings
	35,000	2.625%, 2/1/2020		35,661
		Mead Johnson Nutrition Company
	65,000	3.000%, 11/15/2020		67,698
		Merck & Company, Inc.
	40,000	1.182%, 2/10/2020^g		40,158
		Mondelez International, Inc.
	56,000	2.250%, 2/1/2019		56,963
		Mylan NV
	65,000	2.500%, 6/7/2019^h		65,577
	30,000	3.750%, 12/15/2020^h		31,331
		Perrigo Finance plc
	40,000	3.500%, 12/15/2021		41,346
		Pinnacle Foods, Inc.
	200,000	5.875%, 1/15/2024^h		213,500
		Post Holdings, Inc.
	350,000	5.000%, 8/15/2026^h		348,250
		Revlon Consumer Products Corporation
	227,936	5.750%, 2/15/2021		232,495
		Reynolds American, Inc.
	35,000	3.250%, 6/12/2020		36,823
		SABMiller plc
	78,000	6.500%, 7/15/2018^h		84,765
		Safeway, Inc.
	17,000	3.400%, 12/1/2016		16,966
		Spectrum Brands, Inc.
	130,000	5.750%, 7/15/2025		140,400
		Teva Pharmaceutical Finance Netherlands III BV
	65,000	1.700%, 7/19/2019		64,853
		TreeHouse Foods, Inc.
	200,000	4.875%, 3/15/2022		207,000
		Valeant Pharmaceuticals International
	227,936	7.250%, 7/15/2022^h		211,411
		WM Wrigley Jr. Company
	48,000	2.000%, 10/20/2017^h		48,336

		Total		4,789,411


	Energy (1.1%)
		Anadarko Petroleum Corporation
	60,000	8.700%, 3/15/2019		68,315
		Antero Resources Corporation
	200,000	5.125%, 12/1/2022		201,500
		Boardwalk Pipelines, LP
	79,000	5.875%, 11/15/2016		79,366


Principal Amount		Long-Term Fixed Income (32.0%)	Value
	Energy (1.1%) - continued
		BP Capital Markets plc
	$60,000	1.676%, 5/3/2019		$60,234
		Buckeye Partners, LP
	100,000	2.650%, 11/15/2018		101,000
		Chesapeake Energy Corporation, Convertible
	400,000	5.500%, 10/5/2026^h		401,828
		Chevron Corporation
	65,000	1.328%, 11/16/2018^g		65,164
		Concho Resources, Inc.
	277,936	6.500%, 1/15/2022		288,359
		Contura Energy, Inc.
	135,000	10.000%, 8/1/2021^h		139,050
		Crestwood Midstream Partners, LP
	200,000	6.250%, 4/1/2023		202,500
		Ecopetrol SA
	40,000	5.875%, 9/18/2023		43,150
		Enbridge, Inc.
	54,000	1.289%, 6/2/2017^f,g		53,888
		EQT Corporation
	88,000	8.125%, 6/1/2019		100,588
		Exxon Mobil Corporation
	80,000	1.708%, 3/1/2019		80,853
		Marathon Petroleum Corporation
	65,000	3.400%, 12/15/2020		67,550
		MEG Energy Corporation
	273,000	6.375%, 1/30/2023^h		216,011
		MPLX, LP
	300,000	4.875%, 12/1/2024		310,298
		Occidental Petroleum Corporation
	65,000	2.600%, 4/15/2022		66,398
		Petrobras Global Finance BV
	34,000	8.375%, 5/23/2021		37,145
		Petroleos Mexicanos
	31,000	5.500%, 2/4/2019^h		32,690
		Pioneer Natural Resources Company
	22,000	3.450%, 1/15/2021		22,877
		Sabine Pass Liquefaction, LLC
	300,000	5.625%, 3/1/2025		322,500
		Schlumberger Holdings Corporation
	65,000	3.000%, 12/21/2020^h		67,778
		Shell International Finance BV
	65,000	1.266%, 5/11/2020^g		65,075
		Sunoco Logistics Partners Operations, LP
	65,000	4.400%, 4/1/2021		69,728
		TransCanada Trust
	255,000	5.875%, 8/15/2076		269,790
		Transcontinental Gas Pipe Line Company, LLC
	60,000	7.850%, 2/1/2026^h		77,678
		Weatherford International, Ltd.
	100,000	8.250%, 6/15/2023		98,750
		Whiting Petroleum Corporation, Convertible
	190,000	1.250%, 4/1/2020		156,988

		Total		3,767,051


	Financials (4.0%)
		Abbey National Treasury Services plc
	100,000	1.264%, 9/29/2017^g		99,808
		ACE INA Holdings, Inc.
	65,000	2.875%, 11/3/2022		68,283
		Aetna, Inc.
	65,000	1.900%, 6/7/2019		65,596


Principal Amount		Long-Term Fixed Income (32.0%)	Value
	Financials (4.0%) - continued
		Air Lease Corporation
	$100,000	2.125%, 1/15/2018		$100,500
	32,000	2.625%, 9/4/2018		32,291
		Ally Financial, Inc.
	325,000	4.750%, 9/10/2018		336,375
		American Express Credit Corporation
	65,000	1.906%, 9/14/2020^g		66,024
		AMG Capital Trust II, Convertible
	3,650	5.150%, 10/15/2037		197,328
		Australia and New Zealand Banking Group, Ltd.
	200,000	6.750%, 12/29/2049^f,h,k		219,787
		BAC Capital Trust XIV
	340,000	4.000%, 9/29/2049^g,k		276,675
		Bank of America Corporation
	120,000	5.700%, 5/2/2017		122,812
	102,000	1.700%, 8/25/2017		102,152
	209,000	1.936%, 3/22/2018^g		210,576
	80,000	5.650%, 5/1/2018		84,861
	77,000	8.000%, 7/29/2049^k		78,540
	215,000	6.300%, 12/29/2049^f,k		233,544
		Bank of Montreal
	55,000	1.500%, 7/18/2019		54,884
		BB&T Corporation
	130,000	2.050%, 6/19/2018		131,327
		Bear Stearns Companies, LLC
	122,000	6.400%, 10/2/2017		127,785
		Blackstone Mortgage Trust, Inc., Convertible
	190,000	5.250%, 12/1/2018		208,763
		BNP Paribas SA
	84,000	2.375%, 9/14/2017		84,650
	300,000	7.625%, 12/29/2049^h,k		308,785
		Caisse Centrale Desjardins du Quebec
	45,000	1.417%, 1/29/2018^g,h		44,945
		Centene Escrow Corporation
	215,000	5.625%, 2/15/2021		227,900
		Central Fidelity Capital Trust I
	310,000	1.680%, 4/15/2027^g		269,700
		Citigroup, Inc.
	144,000	1.850%, 11/24/2017		144,449
	40,000	2.255%, 9/1/2023^g		40,191
		CNA Financial Corporation
	75,000	5.750%, 8/15/2021		86,464
		Credit Agricole SA
	45,000	1.815%, 6/10/2020^g,h		45,139
		Credit Suisse Group AG
	255,000	7.500%, 12/29/2049^h,k		259,399
		CyrusOne, LP
	227,936	6.375%, 11/15/2022		241,398
		Discover Bank
	28,000	8.700%, 11/18/2019		32,301
		Discover Financial Services
	47,000	6.450%, 6/12/2017		48,503
		Duke Realty, LP
	96,000	8.250%, 8/15/2019		112,260
		Fifth Third Bancorp
	167,000	5.450%, 1/15/2017		168,879
		Goldman Sachs Group, Inc.
	52,000	2.625%, 1/31/2019		53,062
	78,000	7.500%, 2/15/2019		88,161
	45,000	1.875%, 4/23/2020^g		45,279
	65,000	2.241%, 11/15/2021^g		64,692
	65,000	2.429%, 11/29/2023^g		66,105


Principal Amount		Long-Term Fixed Income (32.0%)	Value
	Financials (4.0%) - continued
	$435,000	5.300%, 12/29/2049^k		$445,875
		Goldman Sachs Group, Inc., Convertible
	1,600,000	0.500%, 9/24/2022		1,756,256
		Hartford Financial Services Group, Inc.
	120,000	6.000%, 1/15/2019		130,782
		HCP, Inc.
	88,000	3.750%, 2/1/2019		91,099
		Health Care REIT, Inc.
	88,000	4.700%, 9/15/2017		90,625
		Hospitality Properties Trust
	60,000	4.250%, 2/15/2021		63,998
		Huntington Bancshares, Inc.
	80,000	3.150%, 3/14/2021		82,932
		Hutchison Whampoa Finance CI, Ltd.
	99,000	1.625%, 10/31/2017^h		99,068
		Icahn Enterprises, LP
	120,000	6.000%, 8/1/2020		120,600
		ILFC E-Capital Trust II
	370,000	4.250%, 12/21/2065^g,h		295,075
		ING Capital Funding Trust III
	68,000	4.438%, 12/29/2049^g,k		67,575
		International Lease Finance Corporation
	250,000	5.875%, 8/15/2022		277,188
		Intesa Sanpaolo SPA
	30,000	3.875%, 1/16/2018		30,590
	132,000	3.875%, 1/15/2019		135,913
		J.P. Morgan Chase & Company
	52,000	6.300%, 4/23/2019		57,928
	25,000	2.250%, 1/23/2020		25,328
	90,000	2.700%, 5/18/2023		90,928
	54,000	7.900%, 4/29/2049^k		55,485
		KeyCorp
	68,000	2.300%, 12/13/2018		69,068
	105,000	5.000%, 12/29/2049^k		103,425
		Liberty Mutual Group, Inc.
	35,000	5.000%, 6/1/2021^h		38,991
		Lincoln National Corporation
	55,000	6.250%, 2/15/2020		61,898
		Lloyds Bank plc
	40,000	1.374%, 3/16/2018^g		39,920
		Macquarie Bank, Ltd.
	60,000	1.860%, 1/15/2019^g,h		60,442
		MetLife, Inc.
	100,000	1.903%, 12/15/2017		100,542
		MGIC Investment Corporation, Convertible
	120,000	9.000%, 4/1/2063^h		148,275
		Mizuho Corporate Bank, Ltd.
	59,000	1.550%, 10/17/2017^h		58,987
		Morgan Stanley
	106,000	6.625%, 4/1/2018		113,577
	45,000	1.874%, 1/27/2020^g		45,469
	75,000	4.875%, 11/1/2022		82,722
		MPT Operating Partnership, LP
	200,000	5.500%, 5/1/2024		210,200
		Murray Street Investment Trust I
	173,000	4.647%, 3/9/2017		174,749
		National City Corporation
	56,000	6.875%, 5/15/2019		63,080
		New York Life Global Funding
	65,000	1.550%, 11/2/2018^h		65,333


Principal Amount		Long-Term Fixed Income (32.0%)	Value
	Financials (4.0%) - continued
		Nomura Holdings, Inc.
	$56,000	2.750%, 3/19/2019		$57,276
		Quicken Loans, Inc.
	295,000	5.750%, 5/1/2025^h		292,788
		Realty Income Corporation
	95,000	2.000%, 1/31/2018		95,637
		Regions Bank
	43,000	7.500%, 5/15/2018		46,792
		Regions Financial Corporation
	55,000	3.200%, 2/8/2021		57,176
		Reinsurance Group of America, Inc.
	104,000	5.625%, 3/15/2017		105,868
		Royal Bank of Scotland Group plc
	350,000	7.640%, 3/29/2049^k		339,500
	320,000	7.648%, 8/29/2049^k		383,200
		Simon Property Group, LP
	65,000	2.500%, 9/1/2020		67,001
	90,000	2.500%, 7/15/2021		92,389
		Standard Chartered plc
	400,000	6.409%, 1/29/2049^h,k		388,000
		State Street Capital Trust IV
	306,000	1.850%, 6/15/2037^g		263,160
		State Street Corporation
	65,000	1.701%, 8/18/2020^g		65,612
		Sumitomo Mitsui Banking Corporation
	156,000	1.300%, 1/10/2017		156,055
	55,000	1.268%, 1/16/2018^g		55,019
		SunTrust Banks, Inc.
	55,000	2.900%, 3/3/2021		57,234
		Synchrony Financial
	159,000	1.875%, 8/15/2017		159,319
	30,000	1.989%, 2/3/2020^g		29,348
		Toronto-Dominion Bank
	60,000	1.542%, 1/22/2019^g		60,435
	65,000	1.786%, 12/14/2020^g		65,580
		UnitedHealth Group, Inc.
	65,000	3.350%, 7/15/2022		69,798
		USB Realty Corporation
	340,000	1.827%, 12/29/2049^g,h,k		305,150
		Voya Financial, Inc.
	84,000	2.900%, 2/15/2018		85,577
		Washington Mutual Bank
	500,000	5.500%, 1/15/2013^l,m		0
		Wells Fargo & Company
	45,000	1.432%, 1/30/2020^g		44,875
	50,000	2.100%, 7/26/2021		49,829

		Total		13,996,714


	Foreign Government (7.5%)
		Argentina Government International Bond
	370,000	6.250%, 4/22/2019^h		392,385
	150,000	6.875%, 4/22/2021^h		163,275
		Brazil Government International Bond
	491,000	4.875%, 1/22/2021		524,143
	700,000	2.625%, 1/5/2023		647,500
	138,000	6.000%, 4/7/2026		152,835
	320,000	7.125%, 1/20/2037		376,000
	384,000	5.000%, 1/27/2045		348,480
	270,000	5.625%, 2/21/2047		266,625
		Colombia Government International Bond
	320,000	4.375%, 7/12/2021		346,560


Principal Amount		Long-Term Fixed Income (32.0%)	Value
	Foreign Government (7.5%) - continued
	$365,000	2.625%, 3/15/2023^f		$360,072
	350,000	4.000%, 2/26/2024		372,750
	205,000	5.625%, 2/26/2044		237,287
	384,000	5.000%, 6/15/2045		415,680
		Croatia Government International Bond
	64,000	6.750%, 11/5/2019^h		70,964
	384,000	6.625%, 7/14/2020^h		430,272
	205,000	6.000%, 1/26/2024^h		235,750
		Export-Import Bank of Korea
	45,000	2.250%, 1/21/2020		45,842
		Hungary Government International Bond
	128,000	6.375%, 3/29/2021		148,320
	562,000	5.750%, 11/22/2023		661,755
	564,000	5.375%, 3/25/2024		654,968
		Indonesia Government International Bond
	390,000	4.875%, 5/5/2021^h		429,063
	320,000	3.375%, 4/15/2023^h		329,714
	432,000	5.875%, 1/15/2024^h		509,443
	360,000	4.125%, 1/15/2025^h		384,052
	280,000	4.750%, 1/8/2026^h		312,732
	270,000	8.500%, 10/12/2035^h		408,670
	640,000	5.125%, 1/15/2045^h		729,806
		Mexico Government International Bond
	200,000	4.350%, 1/15/2047		196,500
	64,000	5.750%, 10/12/2110		67,680
	192,000	3.625%, 3/15/2022		202,320
	446,000	4.000%, 10/2/2023		476,551
	490,000	3.600%, 1/30/2025		507,763
	420,000	4.125%, 1/21/2026		451,710
	128,000	6.750%, 9/27/2034		169,280
	178,000	6.050%, 1/11/2040		216,715
	344,000	4.750%, 3/8/2044		356,470
	288,000	5.550%, 1/21/2045		333,720
	504,000	4.600%, 1/23/2046		510,930
		Panama Government International Bond
	192,000	4.000%, 9/22/2024		210,000
	280,000	3.750%, 3/16/2025		302,050
	272,000	6.700%, 1/26/2036		371,280
		Peru Government International Bond
	138,000	5.625%, 11/18/2050		182,505
	384,000	4.125%, 8/25/2027^f		438,720
	330,000	8.750%, 11/21/2033		535,425
		Philippines Government International Bond
	265,000	7.750%, 1/14/2031		413,063
	165,000	6.375%, 10/23/2034		239,824
	140,000	5.000%, 1/13/2037		180,571
	280,000	3.950%, 1/20/2040		319,804
	590,000	3.700%, 3/1/2041		652,848
		Romania Government International Bond
	276,000	4.375%, 8/22/2023^h		305,394
	130,000	4.875%, 1/22/2024^h		148,617
	128,000	6.125%, 1/22/2044^h		172,800
		Russia Government International Bond
	288,000	3.500%, 1/16/2019^h		294,066
	1,100,000	5.000%, 4/29/2020^h		1,186,438
	700,000	4.875%, 9/16/2023^h		769,650
	385,200	7.500%, 3/31/2030^h		467,249


Principal Amount		Long-Term Fixed Income (32.0%)	Value
	Foreign Government (7.5%) - continued
	$432,000	5.625%, 4/4/2042^h		$498,853
		South Africa Government International Bond
	65,000	5.500%, 3/9/2020		70,892
	295,000	5.875%, 5/30/2022		333,350
	439,000	4.300%, 10/12/2028^c		431,980
	70,000	5.375%, 7/24/2044		76,055
		Turkey Government International Bond
	128,000	7.500%, 11/7/2019		142,362
	320,000	7.000%, 6/5/2020		354,080
	565,000	5.125%, 3/25/2022		587,600
	288,000	6.250%, 9/26/2022		316,080
	144,000	5.750%, 3/22/2024		155,071
	563,000	4.250%, 4/14/2026		550,648
	290,000	4.875%, 10/9/2026		295,075
	387,000	6.875%, 3/17/2036		451,668
	534,000	4.875%, 4/16/2043		498,334
	438,000	6.625%, 2/17/2045		510,520

		Total		25,907,454


	Mortgage-Backed Securities (5.7%)
		Federal Home Loan Mortgage Corporation Gold 15-Yr. Pass Through
	16,866	5.500%, 12/1/2017		17,137
	1,430,000	3.000%, 10/1/2031^c		1,502,031
		Federal Home Loan Mortgage Corporation Gold 30-Yr. Pass Through
	11,290	9.000%, 11/1/2024		12,738
	567	9.000%, 4/1/2025		655
	253	8.500%, 9/1/2025		253
	3,965	8.000%, 6/1/2027		4,742
	736	8.500%, 7/1/2027		778
	3,108	8.000%, 10/1/2027		3,614
	1,637	8.000%, 8/1/2030		2,014
	1,180,000	4.000%, 10/1/2046^c		1,265,711
		Federal National Mortgage Association Conventional 15-Yr. Pass Through
	1,600,000	2.500%, 10/1/2031^c		1,657,207
		Federal National Mortgage Association Conventional 30-Yr. Pass Through
	1,023	10.500%, 8/1/2020		1,086
	3,627	9.500%, 4/1/2025		3,644
	646	8.500%, 11/1/2025		724
	1,149	8.500%, 5/1/2026		1,195
	273	8.000%, 8/1/2026		274
	753	8.000%, 11/1/2026		883
	10,477	8.000%, 9/1/2027		12,160
	3,106	8.000%, 12/1/2027		3,141
	4,831	8.500%, 4/1/2030		6,209
	2,400,000	3.000%, 10/1/2046^c		2,494,406
	6,675,000	3.500%, 10/1/2046^c		7,043,168
	3,775,000	4.000%, 10/1/2046^c		4,054,291
	1,450,000	4.500%, 10/1/2046^c		1,587,942
		Government National Mortgage Association 30-Yr. Pass Through
	1,477	9.500%, 1/15/2025		1,555
	680	6.000%, 5/15/2026		779
	4,933	8.500%, 6/15/2026		5,013
	1,476	8.500%, 7/15/2026		1,667
	5,714	8.000%, 9/15/2026		6,528


Principal Amount		Long-Term Fixed Income (32.0%)	Value
	Mortgage-Backed Securities (5.7%) - continued
	$2,393	7.500%, 10/15/2026		$2,630
	61	8.500%, 11/15/2026		61
	994	9.000%, 12/15/2026		1,208
	9,438	7.500%, 4/15/2027		10,600
	1,963	8.000%, 6/20/2027		2,397
	110	8.000%, 8/15/2027		111
	7,125	7.500%, 7/15/2028		7,183
	23,647	6.000%, 12/15/2028		27,240
	25,940	6.000%, 6/15/2029		29,985
	8,914	8.000%, 5/15/2030		9,042

		Total		19,782,002


	Technology (1.0%)
		Alliance Data Systems Corporation
	195,000	5.375%, 8/1/2022^h		190,125
		Apple, Inc.
	65,000	1.117%, 5/6/2020^g		64,883
		Automatic Data Processing, Inc.
	65,000	2.250%, 9/15/2020		67,037
		Cisco Systems, Inc.
	60,000	1.411%, 2/21/2018^g		60,347
	65,000	1.342%, 3/1/2019^g		65,427
		Diamond 1 Finance Corporation
	55,000	3.480%, 6/1/2019^h		56,566
		Equinix, Inc.
	200,000	5.750%, 1/1/2025		212,500
		Fidelity National Information Services, Inc.
	109,000	1.450%, 6/5/2017		109,036
	65,000	3.625%, 10/15/2020		68,944
		First Data Corporation
	200,000	5.375%, 8/15/2023^h		206,000
		Hewlett Packard Enterprise Company
	64,000	3.600%, 10/15/2020^h,i		67,150
		IMS Health, Inc.
	250,000	6.000%, 11/1/2020^h		253,750
		Intel Corporation
	90,000	1.700%, 5/19/2021		90,711
	65,000	3.100%, 7/29/2022		69,426
		Intel Corporation, Convertible
	220,000	2.950%, 12/15/2035		303,738
		Iron Mountain, Inc.
	122,936	6.000%, 8/15/2023		131,234
		Micron Technology, Inc., Convertible
	110,000	2.375%, 5/1/2032		209,275
	195,000	3.000%, 11/15/2043		173,306
		NXP BV
	235,000	3.875%, 9/1/2022^h		246,163
		NXP Semiconductors NV, Convertible
	202,000	1.000%, 12/1/2019		237,855
		Oracle Corporation
	65,000	2.500%, 5/15/2022		66,721
		Sensata Technologies BV
	280,000	4.875%, 10/15/2023^h		291,200
		Texas Instruments, Inc.
	65,000	1.750%, 5/1/2020		65,873
		Tyco Electronics Group SA
	130,000	6.550%, 10/1/2017		136,588

		Total		3,443,855


	Transportation (0.3%)
		Air Canada Pass Through Trust
	23,291	3.875%, 3/15/2023^h		22,650
		American Airlines Pass Through Trust
	44,750	4.950%, 1/15/2023		48,666


Principal Amount		Long-Term Fixed Income (32.0%)	Value
	Transportation (0.3%) - continued
		Avis Budget Car Rental, LLC
	$195,000	5.125%, 6/1/2022^h		$195,609
		Continental Airlines, Inc.
	158,630	6.250%, 4/11/2020		170,131
		Delta Air Lines, Inc.
	70,378	4.950%, 5/23/2019		74,073
		ERAC USA Finance, LLC
	60,000	2.600%, 12/1/2021^h		61,156
		J.B. Hunt Transport Services, Inc.
	65,000	3.300%, 8/15/2022		67,952
		Korea Expressway Corporation
	93,000	1.625%, 4/28/2017^h		93,051
		XPO Logistics, Inc.
	200,000	6.500%, 6/15/2022^h		208,500

		Total		941,788


	U.S. Government and Agencies (0.6%)
		U.S. Treasury Notes
	195,000	1.125%, 8/31/2021		194,802
	585,000	2.125%, 6/30/2022		611,896
	1,450,000	1.625%, 2/15/2026		1,452,493

		Total		2,259,191


	Utilities (0.6%)
		AES Corporation
	227,936	7.375%, 7/1/2021		261,557
		Ameren Corporation
	65,000	2.700%, 11/15/2020		67,016
		Arizona Public Service Company
	40,000	2.200%, 1/15/2020		40,935
		Berkshire Hathaway Energy Company
	96,000	2.400%, 2/1/2020		98,334
		Calpine Corporation
	210,000	5.375%, 1/15/2023		209,213
		DTE Energy Company
	96,000	2.400%, 12/1/2019		97,912
		Dynegy, Inc.
	160,000	7.375%, 11/1/2022		158,000
		El Paso Corporation
	50,000	7.000%, 6/15/2017		51,743
		Emera U.S. Finance, LP
	25,000	2.150%, 6/15/2019^h		25,273
		Energy Transfer Equity, LP
	290,000	5.500%, 6/1/2027		288,550
		Eversource Energy
	30,000	1.600%, 1/15/2018		30,123
		Exelon Generation Company, LLC
	52,000	5.200%, 10/1/2019		57,126
	30,000	2.950%, 1/15/2020		30,921
		Fortis, Inc.
	60,000	2.100%, 10/4/2021^h		59,780
		NextEra Energy Capital Holdings, Inc.
	55,000	2.300%, 4/1/2019		55,873
		NiSource Finance Corporation
	41,000	6.400%, 3/15/2018		43,769
		NRG Energy, Inc.
	227,936	6.625%, 3/15/2023		230,215
		Pacific Gas & Electric Company
	65,000	5.625%, 11/30/2017		68,257
		PG&E Corporation
	57,000	2.400%, 3/1/2019		58,108
		PSEG Power, LLC
	55,000	3.000%, 6/15/2021		56,591
		Sempra Energy
	100,000	6.150%, 6/15/2018		107,501


Principal Amount		Long-Term Fixed Income (32.0%)	Value
	Utilities (0.6%) - continued
	$25,000	2.400%, 3/15/2020		$25,472
		Southern California Edison Company
	20,000	2.400%, 2/1/2022		20,606
		Southern Company
	50,000	1.850%, 7/1/2019		50,393
		Xcel Energy, Inc.
	65,000	1.200%, 6/1/2017		64,874

		Total		2,258,142



		Total Long-Term Fixed Income (cost $109,411,534)		111,007,060


Shares		Registered Investment Companies (3.2%)	Value
	Equity Funds/ETFs (1.4%)
	13,850	AllianzGI NFJ Dividend Interest & Premium Strategy Fund		175,064
	15,400	BlackRock Resources & Commodities Strategy Trust		125,510
	6,800	Guggenheim Multi-Asset Income ETF		131,852
	8,720	iShares MSCI EAFE Index Fund		515,614
	48,190	Materials Select Sector SPDR Fund^f		2,301,072
	31,030	Utilities Select Sector SPDR Fund		1,520,160

		Total		4,769,272


	Fixed Income Funds/ETFs (1.8%)
	82,771	Aberdeen Asia-Pacific Income Fund, Inc.		423,788
	21,125	Doubleline Income Solutions Fund		404,544
	13,042	First Trust High Income Long/Short Fund		203,325
	3,597	iShares J.P. Morgan USD Emerging Markets Bond ETF		421,604
	79,271	MFS Intermediate Income Trust		359,098
	25,714	Pimco Dynamic Credit And Mortgage Income Fund		524,308
	89,450	PowerShares Senior Loan Portfolio		2,076,134
	63,832	Templeton Global Income Fund		398,312
	8,860	Vanguard Short-Term Corporate Bond ETF		713,673
	29,063	Western Asset Emerging Markets Debt Fund, Inc.		472,564
	46,185	Western Asset High Income Opportunity Fund, Inc.		233,234

		Total		6,230,584



		Total Registered Investment Companies (cost $10,873,131)		10,999,856


Shares		Preferred Stock (1.5%)	Value
	Consumer Staples (0.2%)
	1,625	Bunge, Ltd., Convertible, 4.875%^k		154,549
	12,800	CHS, Inc., 7.100%^k		383,488

		Total		538,037


	Energy (<0.1%)
	2,932	Alpha Natural Resources, Inc.^e		17,240
	2,932	ANR Holdings, Inc.^e		4,486

		Total		21,726


	Financials (1.0%)
	3,174	Agribank FCB, 6.875%^k		341,999
	100	Bank of America Corporation, Convertible, 7.250%^k		122,084
	13,915	Citigroup, Inc., 6.875%^k		400,891


Shares		Preferred Stock (1.5%)	Value
	Financials (1.0%) - continued
	2,485	Cobank ACB, 6.250%^k		$261,546
	8,620	Countrywide Capital V, 7.000%		222,051
	13,000	GMAC Capital Trust I, 6.602%^g		330,330
	13,000	Goldman Sachs Group, Inc., 5.500%^k		348,530
	520	M&T Bank Corporation, 6.375%^k		553,800
	12,800	Morgan Stanley, 7.125%^k		377,728
	8,640	U.S. Bancorp, 6.500%^k		260,237
	320	Wells Fargo & Company, Convertible, 7.500%^k		418,752

		Total		3,637,948


	Health Care (0.1%)
	255	Allergan plc, Convertible, 5.500%		208,781
	130	Teva Pharmaceutical Industries, Ltd., Convertible, 7.000%		105,730

		Total		314,511


	Real Estate (0.2%)
	5,400	American Tower Corporation, Convertible, 5.500%		591,786

		Total		591,786



		Total Preferred Stock (cost $4,742,788)		5,104,008


Shares		Collateral Held for Securities Loaned (2.0%)	Value
	7,036,715	Thrivent Cash Management Trust		7,036,715

		Total Collateral Held for Securities Loaned (cost $7,036,715)		7,036,715


Shares or Principal Amount		Short-Term Investments (10.3%)ⁿ	Value
		Federal Home Loan Bank Discount Notes
	300,000	0.365%, 10/7/2016^o		299,994
	200,000	0.300%, 10/26/2016^o		199,976
	200,000	0.318%, 10/28/2016^o		199,973
	200,000	0.320%, 11/1/2016^o		199,965
		Thrivent Core Short-Term Reserve Fund
	3,486,030	0.750%		34,860,297

		Total Short-Term Investments (cost $35,760,135)		35,760,205

		Total Investments (cost $363,133,526) 109.2%		$378,532,748

		Other Assets and Liabilities, Net (9.2%)		(31,957,376)

		Total Net Assets 100.0%		$346,575,372

a	The stated interest rate represents the weighted average of all contracts within the bank loan facility.

b	All or a portion of the loan is unfunded.

c	Denotes investments purchased on a when-issued or delayed delivery basis.

d	In bankruptcy. Interest is not being accrued.

e	Non-income producing security.

f	All or a portion of the security is on loan.

g	Denotes variable rate securities. Variable rate securities are securities whose yields vary with a designated market index or market rate. The rate shown is as of September 30, 2016.

i	Denotes step coupon securities. Step coupon securities pay an initial coupon rate for the first period and then different coupon rates for following periods. The rate shown is as of September 30, 2016.

j	All or a portion of the security is insured or guaranteed.

k	Denotes perpetual securities. Perpetual securities pay an indefinite stream of interest, but may be called by the issuer at an earlier date.

l	Defaulted security. Interest is not being accrued.

m	Security is valued at fair value. Market quotations or prices were not readily available or were determined to be unreliable. Fair value was determined in good faith pursuant to procedures adopted by the Board. Further information on fair valuation can be found in the Notes to Financial Statements.

n	The interest rate shown reflects the yield, coupon rate or the discount rate at the date of purchase.

o	All or a portion of the security is held on deposit with the counterparty and pledged as the initial margin deposit for open futures contracts.

Denotes restricted securities. Restricted securities are investment securities which have been deemed illiquid and cannot be offered for public sale without first being registered under the Securities Act of 1933. The value of all restricted securities held in Balanced Income Plus Portfolio as of September 30, 2016 was $3,874,930 or 1.1% of total net assets. The following table indicates the acquisition date and cost of restricted securities shown in the schedule as of September 30, 2016.


Security	Acquisition Date		Cost
Angel Oak Mortgage Trust, 11/25/2045		12/10/2015	$	219,051
Bayview Opportunity Master Fund Trust, 7/28/2034		11/12/2014		191,095
COLT Mortgage Loan Trust, 9/25/2046		9/9/2016		352,026
Digicel, Ltd., 4/15/2021		8/19/2013		254,564
Marlette Funding Trust, 1/17/2023		7/20/2016		418,926
NRZ Advance Receivables Trust Advance Receivables Backed, 6/15/2049		6/23/2016		450,999
Preferred Term Securities XXIII, Ltd., 12/22/2036		9/14/2006		485,388
Preston Ridge Partners Mortgage Trust, LLC, 9/27/2021		9/23/2016		275,000
Pretium Mortgage Credit Partners, LLC, 7/27/2031		6/17/2016		244,096
Sunset Mortgage Loan Company, LLC, 9/18/2045		10/2/2015		123,687
Sunset Mortgage Loan Company, LLC, 7/16/2047		7/27/2016		166,918
US Residential Opportunity Fund Trust, 7/27/2036		7/20/2016		344,313
Vericrest Opportunity Loan Transferee, 10/25/2058		1/13/2016		108,776
Wachovia Asset Securitization, Inc., 7/25/2037		3/16/2007		464,421

The following table presents the total amount of securities loaned with continuous maturity, by type, offset by the gross payable upon return of collateral for securities loaned by Thrivent Balanced Income Plus Portfolio as of September 30, 2016:


Securities Lending Transactions
Common Stock	$	4,494,775
Taxable Debt Security		2,410,425

Total lending	$	6,905,200
Gross amount payable upon return of collateral for securities loaned	$	7,036,715

Net amounts due to counterparty	$	131,515

Definitions:


ADR	-	American Depositary Receipt, which are certificates for an underlying foreign security's shares held by an issuing U.S. depository bank.
ETF	-	Exchange Traded Fund.
REIT	-	Real Estate Investment Trust is a company that buys, develops, manages and/or sells real estate assets.

Unrealized Appreciation (Depreciation)


Gross unrealized appreciation and depreciation of investments, based on cost for federal income tax purposes, were as follows:

Gross unrealized appreciation	$	24,520,146
Gross unrealized depreciation		(9,120,924)

Net unrealized appreciation (depreciation)	$	15,399,222

Cost for federal income tax purposes	$	363,133,526

The following table is a summary of the inputs used, as of September 30, 2016, in valuing Balanced Income Plus Portfolio's assets carried at fair value.

There were no significant transfers between Levels during the period ended September 30, 2016. Transfers between Levels are identified as of the end of the period.

The following table presents Balanced Income Plus Portfolio's futures contracts held as of September 30, 2016. Investments and/or cash totaling $899,908 were pledged as the initial margin deposit for these contracts.

A summary of transactions for the fiscal year to date, in Balanced Income Plus Portfolio, is as follows:


Principal Amount		Bank Loans (13.0%)^a	Value
	Basic Materials (0.8%)
		Chemours Company, Term Loan
	$683,210	3.750%, 5/12/2022^b,c		$675,954
		Fortescue Metals Group, Ltd., Term Loan
	1,378,618	3.750%, 6/30/2019		1,376,729
		Ineos US Finance, LLC, Term Loan
	1,527,353	3.750%, 12/15/2020		1,530,026
		Tronox Pigments BV, Term Loan
	847,984	4.500%, 3/19/2020		838,445

		Total		4,421,154


	Capital Goods (0.8%)
		Accudyne Industries, LLC, Term Loan
	479,384	4.000%, 12/13/2019		447,423
		ADS Waste Holdings, Inc., Term Loan
	561,833	3.750%, 10/9/2019		562,097
		Berry Plastics Group, Inc., Term Loan
	579,000	3.500%, 2/8/2020		579,365
		Cortes NP Acquisition Corporation, Term Loan
	1,885,000	0.000%, 10/3/2023^b,c		1,842,588
		HD Supply, Inc., Term Loan
	215,000	0.000%, 10/16/2023^b,c		215,269
		Rexnord, LLC, Term Loan
	398,337	4.000%, 8/21/2020		398,687
		Reynolds Group, Inc., Term Loan
	450,000	0.000%, 2/5/2023^b,c		451,264

		Total		4,496,693


	Communications Services (3.4%)
		Atlantic Broadband Penn, LLC, Term Loan
	105,607	3.250%, 11/30/2019		105,607
		Birch Communication Inc., Term Loan
	649,127	7.750%, 7/17/2020		496,582
		Block Communications, Inc., Term Loan
	812,856	4.088%, 11/7/2021		816,920
		Charter Communications Operating, LLC, Term Loan
	58,636	3.000%, 7/1/2020		58,791
		Cincinnati Bell, Inc., Term Loan
	668,060	4.000%, 9/10/2020		670,064
		CommScope, Inc., Term Loan
	871,200	3.750%, 12/29/2022		878,553
		CSC Holdings, LLC, Term Loan
	872,813	5.000%, 10/9/2022		873,720
		FairPoint Communications, Inc., Term Loan
	896,147	7.500%, 2/14/2019		895,663
		Grande Communications Networks, LLC, Term Loan
	774,026	4.500%, 5/29/2020		774,027
		Gray Television, Inc., Term Loan
	431,796	3.938%, 6/13/2021		434,088
		Hargray Communications Group, Inc., Term Loan
	657,066	5.250%, 6/26/2019		659,806
		Integra Telecom Holdings, Inc., Term Loan
	527,771	5.250%, 8/14/2020		523,813
		Intelsat Jackson Holdings SA, Term Loan
	331,029	3.750%, 6/30/2019		314,401


Principal Amount		Bank Loans (13.0%)^a	Value
	Communications Services (3.4%) - continued
		Level 3 Communications, Inc., Term Loan
	$800,000	4.000%, 1/15/2020		$803,400
		Liberty Cablevision of Puerto Rico, LLC, Term Loan
	725,000	4.500%, 1/7/2022		714,582
		LTS Buyer, LLC, Term Loan
	833,926	4.088%, 4/13/2020		833,667
		NEP/NCP Holdco, Inc., Term Loan
	1,500,382	4.250%, 1/22/2020^b,c		1,492,881
		Nexstar Broadcasting, Inc., Term Loan
	330,000	0.000%, 9/26/2023^b,c		331,511
		Numericable US, LLC, Term Loan
	853,550	4.564%, 7/29/2022		859,149
	64,675	4.752%, 2/10/2023		65,099
	454,550	5.002%, 1/15/2024		458,641
		SBA Senior Finance II, LLC, Term Loan
	464,313	3.340%, 3/24/2021		465,125
	88,875	3.340%, 6/10/2022		88,912
		TNS, Inc., Term Loan
	361,566	5.000%, 2/14/2020		363,602
		Univision Communications, Inc., Term Loan
	877,666	4.000%, 3/1/2020		879,176
		Virgin Media Investment Holdings, Ltd., Term Loan
	403,993	3.649%, 6/30/2023		405,601
		WideOpenWest Finance, LLC, Term Loan
	1,050,000	4.500%, 8/18/2023		1,044,971
		WMG Acquisition Corporation, Term Loan
	448,156	3.750%, 7/1/2020		447,596
		XO Communications, LLC, Term Loan
	633,750	4.250%, 3/20/2021		634,808
		Yankee Cable Acquisition, LLC, Term Loan
	540,383	4.250%, 3/1/2020		540,048
		Zayo Group, LLC, Term Loan
	658,389	3.750%, 5/6/2021		661,135

		Total		18,591,939


	Consumer Cyclical (2.1%)
		Amaya BV, Term Loan
	1,318,382	5.000%, 8/1/2021		1,316,734
		Burlington Coat Factory Warehouse Corporation, Term Loan
	506,238	3.500%, 8/13/2021		509,614
		Cengage Learning Acquisitions, Term Loan
	1,187,025	5.250%, 6/7/2023		1,185,541
		Ceridian HCM Holding, Inc., Term Loan
	282,821	4.500%, 9/15/2020		276,104
		Charter Communications Operating, LLC, Term Loan
	580,500	3.000%, 1/3/2021		582,044
		Dollar Tree, Inc., Term Loan
	208,068	3.063%, 7/6/2022		209,369
		Golden Nugget, Inc., Term Loan
	142,144	0.000%, 11/21/2019		142,854


Principal Amount		Bank Loans (13.0%)^a	Value
	Consumer Cyclical (2.1%) - continued
		Golden Nugget, Inc., Term Loan Delayed Draw
	$60,919	0.000%, 11/21/2019		$61,223
		IMG Worldwide, Inc., Term Loan
	882,850	5.250%, 5/6/2021		885,278
	400,000	8.250%, 5/6/2022		399,252
		Jack Ohio Finance, LLC, Term Loan
	210,682	5.000%, 6/20/2019^b,c		205,767
		Michaels Stores, Inc., Term Loan
	554,435	4.000%, 1/30/2023		556,514
		Mohegan Tribal Gaming Authority, Term Loan
	1,094,751	5.500%, 6/15/2018		1,093,657
	1,000,000	0.000%, 9/30/2023^b,c		993,750
		Scientific Games International, Inc., Term Loan
	583,500	6.000%, 10/18/2020		585,140
	1,687,636	6.000%, 10/1/2021		1,690,218
		Seminole Hard Rock Entertainment, Inc., Term Loan
	308,348	3.588%, 5/14/2020		308,734
		Seminole Indian Tribe of Florida, Term Loan
	453,000	3.088%, 4/29/2020		454,132

		Total		11,455,925


	Consumer Non-Cyclical (2.4%)
		Air Medical Group Holdings, Inc., Term Loan
	688,275	5.000%, 4/28/2022		691,716
		Albertson's, LLC, Term Loan
	597,004	4.750%, 12/21/2022		602,604
	678,095	4.750%, 6/22/2023		684,571
		CHS/Community Health Systems, Inc., Term Loan
	155,281	3.750%, 1/27/2021		152,285
	1,357,998	4.000%, 1/27/2021^b,c		1,332,196
		Endo Luxembourg Finance I Co Sarl, Term Loan
	595,500	3.750%, 9/26/2022		593,844
		Hanesbrands, Inc., Term Loan
	502,350	3.250%, 4/29/2022		504,862
		JBS USA, LLC, Term Loan
	143,913	4.000%, 10/30/2022		143,733
		Libbey Glass, Inc., Term Loan
	290,098	3.750%, 4/9/2021		290,823
		LTF Merger Sub, Inc., Term Loan
	745,562	4.250%, 6/10/2022		745,697
		Mallinckrodt International Finance SA, Term Loan
	332,456	3.588%, 3/19/2021		332,353
		McGraw-Hill Global Education Holdings, LLC, Term Loan
	997,500	5.000%, 5/4/2022		1,002,737
		MultiPlan, Inc., Term Loan
	1,482,997	5.000%, 6/7/2023		1,500,838
		Ortho-Clinical Diagnostics, Inc., Term Loan
	996,112	4.750%, 6/30/2021		972,873
		Owens-Brockway Glass Container, Inc., Term Loan
	898,625	3.500%, 9/1/2022		904,241
		Sterigenics-Nordion Holdings, LLC, Term Loan
	425,700	4.250%, 5/16/2022		426,764


Principal Amount		Bank Loans (13.0%)^a	Value
	Consumer Non-Cyclical (2.4%) - continued
		Valeant Pharmaceuticals International, Inc., Term Loan
	$2,372,695	5.500%, 4/1/2022^b,c		$2,378,864

		Total		13,261,001


	Energy (0.7%)
		Arch Coal, Inc., Term Loan
	782,541	7.500%, 5/16/2018^d		597,337
		Energy Solutions, LLC, Term Loan
	336,104	6.750%, 5/29/2020		334,424
		Exgen Renewables I, LLC, Term Loan
	363,672	5.250%, 2/8/2021		366,854
		Houston Fuel Oil Terminal, LLC, Term Loan
	497,462	4.250%, 8/19/2021		487,513
		McJunkin Red Man Corporation, Term Loan
	294,723	5.000%, 11/8/2019		287,110
		MEG Energy Corporation, Term Loan
	580,536	3.750%, 3/31/2020		540,381
		Pacific Drilling SA, Term Loan
	580,500	4.500%, 6/3/2018		159,928
		Targa Resources Partners, LP, Term Loan
	364,651	5.750%, 2/27/2022		364,651
		Western Refining, Inc., Term Loan
	297,704	5.250%, 11/12/2020		296,775
	199,500	5.500%, 6/23/2023		199,001

		Total		3,633,974


	Financials (0.8%)
		Delos Finance Sarl, Term Loan
	630,000	3.588%, 3/6/2021		634,202
		DJO Finance, LLC, Term Loan
	297,000	4.250%, 6/7/2020		291,431
		Harland Clarke Holdings Corporation, Term Loan
	298,890	7.000%, 5/22/2018		294,907
	726,375	7.000%, 12/31/2019		711,666
		MoneyGram International, Inc., Term Loan
	850,864	4.250%, 3/27/2020		823,211
		TransUnion, LLC, Term Loan
	633,755	3.588%, 4/9/2021		635,339
		WaveDivision Holdings, LLC, Term Loan
	825,582	4.000%, 10/15/2019		825,235

		Total		4,215,991


	Technology (1.4%)
		Avago Technoligies Cayman Finance, Ltd., Term Loan
	1,238,110	3.524%, 2/1/2023		1,252,212
		First Data Corporation, Term Loan
	832,266	4.525%, 3/24/2021		838,042
	280,000	4.275%, 7/8/2022		281,470
		JDA Software Group, Inc., Term Loan
	760,000	0.000%, 9/21/2023^b,c		760,190
		Micron Technology, Inc., Term Loan
	374,062	6.530%, 4/26/2022		377,871
		NXP BV, Term Loan
	567,889	3.405%, 12/7/2020^b,c		569,876
		ON Semiconductor Corporation, Term Loan
	1,700,000	3.776%, 9/19/2023^b,c		1,706,987


Principal Amount		Bank Loans (13.0%)^a	Value
	Technology (1.4%) - continued
		SS&C European Holdings SARL, Term Loan
	$39,504	4.000%, 7/8/2022		$39,776
	317,889	4.000%, 7/8/2022		320,076
		Versum Materials, Inc., Term Loan
	145,000	0.000%, 9/21/2023^b,c		145,605
		Western Digital Corporation, Term Loan
	1,436,400	4.500%, 4/29/2023		1,449,873

		Total		7,741,978


	Transportation (0.4%)
		OSG Bulk Ships, Inc., Term Loan
	580,924	5.250%, 8/5/2019		578,745
		XPO Logistics, Inc., Term Loan
	1,481,238	4.250%, 10/30/2021		1,488,955

		Total		2,067,700


	Utilities (0.2%)
		Calpine Corporation, Term Loan
	682,033	3.590%, 5/27/2022		683,507
		Intergen NV, Term Loan
	451,169	5.500%, 6/12/2020		424,098

		Total		1,107,605



		Total Bank Loans (cost $71,249,977)		70,993,960


Principal Amount		Long-Term Fixed Income (47.8%)	Value
	Asset-Backed Securities (3.5%)
		Asset Backed Securities Corporation Home Equity Loan Trust
	580,200	0.665%, 7/25/2036^e		522,181
	610,304	0.685%, 11/25/2036^e		558,556
		Bayview Opportunity Master Fund Trust
	334,440	3.623%, 4/28/2030^f		332,855
	425,720	3.228%, 7/28/2034^*,g		424,879
	909,022	3.721%, 7/28/2035^f,g		908,378
		Citi Held For Asset Issuance
	950,313	4.480%, 8/15/2022^*		958,455
		Countrywide Asset-Backed Certificates
	3,891	5.301%, 4/25/2047		3,882
		GSAA Home Equity Trust
	1,333,229	0.795%, 7/25/2037^e		1,186,306
		J.P. Morgan Mortgage Acquisition Trust
	1,384,674	6.472%, 3/25/2047^g		965,706
		Lehman XS Trust
	1,156,626	5.440%, 8/25/2035^g		1,016,036
		Marlette Funding Trust
	1,629,647	3.060%, 1/17/2023^*		1,631,509
		Merrill Lynch Mortgage Investors Trust
	996,233	2.823%, 6/25/2035		658,516
		NCF Dealer Floorplan Master Trust
	750,000	3.782%, 3/21/2022^*,e		736,362
		NRZ Advance Receivables Trust Advance Receivables Backed
	1,300,000	2.751%, 6/15/2049^*		1,300,508
		Preston Ridge Partners Mortgage Trust, LLC
	900,000	4.000%, 9/27/2021^*,g		901,800


Principal Amount		Long-Term Fixed Income (47.8%)	Value
	Asset-Backed Securities (3.5%) - continued
		Pretium Mortgage Credit Partners, LLC
	$723,131	4.125%, 10/27/2030^*		$726,952
	976,386	7.125%, 7/27/2031^*,g		979,308
		Renaissance Home Equity Loan Trust
	334,873	5.746%, 5/25/2036^g		226,006
	898,857	5.797%, 8/25/2036^g		557,245
		Sunset Mortgage Loan Company, LLC
	742,119	4.459%, 9/18/2045^*,g		741,331
	500,756	3.844%, 7/16/2047^*,g		500,878
		United Airlines Pass Through Trust
	70,000	3.700%, 12/1/2022		74,200
		US Residential Opportunity Fund Trust
	1,131,313	3.475%, 7/27/2036^*		1,133,523
		Vericrest Opportunity Loan Transferee
	1,020,208	3.375%, 10/25/2058^*,g		1,018,178
	722,494	3.500%, 6/26/2045^f,g		722,668
	623,309	3.625%, 7/25/2045^f,g		624,298
	296,678	3.500%, 2/25/2055^*,g		296,901

		Total		19,707,417


	Basic Materials (0.8%)
		Alcoa Netherlands Holding BV
	325,000	6.750%, 9/30/2024^f		337,594
		ArcelorMittal SA
	730,000	6.500%, 3/1/2021		812,125
		Dow Chemical Company
	64,000	8.550%, 5/15/2019		75,062
		First Quantum Minerals, Ltd.
	322,000	6.750%, 2/15/2020^f		297,850
	322,000	7.000%, 2/15/2021^f		288,190
		Glencore Funding, LLC
	60,000	1.739%, 4/16/2018^e,f		59,325
		INEOS Group Holdings SA
	400,000	5.875%, 2/15/2019^f		408,000
		LyondellBasell Industries NV
	64,000	5.000%, 4/15/2019		68,690
		Newmont Mining Corporation, Convertible
	670,000	1.625%, 7/15/2017		730,300
		Royal Gold, Inc., Convertible
	280,000	2.875%, 6/15/2019		312,725
		RPM International, Inc., Convertible
	560,000	2.250%, 12/15/2020		670,950
		Yamana Gold, Inc.
	98,000	4.950%, 7/15/2024		101,232

		Total		4,162,043


	Capital Goods (1.8%)
		AECOM
	945,000	5.875%, 10/15/2024		1,008,787
		Berry Plastics Corporation
	425,000	6.000%, 10/15/2022		448,375
		Building Materials Corporation of America
	785,000	6.000%, 10/15/2025^f		839,950
		Cemex SAB de CV
	775,000	5.700%, 1/11/2025^f		784,455
		CNH Industrial Capital, LLC
	965,000	4.375%, 11/6/2020		1,008,425


Principal Amount		Long-Term Fixed Income (47.8%)	Value
	Capital Goods (1.8%) - continued
		Crown Americas Capital Corporation IV
	$730,000	4.500%, 1/15/2023		$757,375
		Crown Cork & Seal Company, Inc.
	410,000	7.375%, 12/15/2026		458,687
		General Electric Company
	120,000	5.000%, 12/29/2049^h		127,614
		Ingersoll-Rand Luxembourg Finance SA
	190,000	2.625%, 5/1/2020		193,620
		L-3 Communications Corporation
	280,000	4.950%, 2/15/2021		309,018
		Lockheed Martin Corporation
	70,000	2.500%, 11/23/2020		72,260
		Owens-Brockway Glass Container, Inc.
	980,000	5.000%, 1/15/2022^f		1,039,408
		Reynolds Group Issuer, Inc.
	1,125,000	5.125%, 7/15/2023^f		1,161,562
		Sealed Air Corporation
	500,000	4.875%, 12/1/2022^f		525,000
		Standard Industries, Inc.
	185,000	5.500%, 2/15/2023^f		193,325
		Textron, Inc.
	137,000	7.250%, 10/1/2019		156,966
		United Rentals North America, Inc.
	780,000	5.500%, 7/15/2025		795,600

		Total		9,880,427


	Collateralized Mortgage Obligations (11.5%)
		Adjustable Rate Mortgage Trust
	946,019	2.860%, 11/25/2035		824,618
		Alternative Loan Trust
	402,076	5.500%, 5/25/2035		401,048
	877,093	6.000%, 6/25/2036		753,917
		American Home Mortgage Assets Trust
	1,442,213	0.715%, 12/25/2046^e		967,488
	1,406,805	0.715%, 6/25/2047^e		965,334
		American Home Mortgage Investment Trust
	1,385,002	6.750%, 12/25/2036		602,079
		Angel Oak Mortgage Trust
	673,172	4.500%, 11/25/2045^*,g		675,066
		Banc of America Alternative Loan Trust
	346,419	1.025%, 4/25/2035^e		266,929
	954,478	6.000%, 11/25/2035		845,098
		Banc of America Funding Corporation
	264,668	3.126%, 5/20/2036		230,575
		Bayview Opportunity Master Fund Trust
	975,575	3.475%, 7/28/2031^f		974,862
		BCAP, LLC Trust
	1,112,558	0.705%, 3/25/2037^e		1,035,643
		Bear Stearns Adjustable Rate Mortgage Trust
	183,749	2.830%, 10/25/2035^e		176,864
	226,818	3.013%, 2/25/2036		194,010
		Bear Stearns ALT-A Trust
	1,089,086	5.212%, 7/25/2035		864,109
		Citicorp Mortgage Securities Trust
	309,088	6.000%, 5/25/2037		307,763
		Citigroup Mortgage Loan Trust, Inc.
	302,324	5.500%, 11/25/2035		288,961


Principal Amount		Long-Term Fixed Income (47.8%)	Value
	Collateralized Mortgage Obligations (11.5%) - continued
	$643,181	3.037%, 3/25/2037		$566,608
		CitiMortgage Alternative Loan Trust
	424,198	5.750%, 4/25/2037		364,068
		COLT Mortgage Loan Trust
	1,225,000	2.750%, 9/25/2046^*		1,232,114
		Countrywide Alternative Loan Trust
	191,059	0.925%, 2/25/2035^e		177,355
	648,025	2.508%, 10/25/2035		548,527
	467,524	3.031%, 10/25/2035		380,376
	330,735	5.500%, 2/25/2036		299,937
	183,117	6.000%, 4/25/2036		148,637
	471,965	6.500%, 8/25/2036		321,735
	157,825	6.000%, 1/25/2037		151,060
	690,597	5.500%, 5/25/2037		567,199
		Countrywide Home Loan Mortgage Pass Through Trust
	950,320	2.834%, 11/25/2035		778,955
	393,233	2.767%, 2/20/2036		323,164
		Deutsche Alt-A Securities, Inc., Mortgage Loan Trust
	258,968	0.725%, 11/25/2035^e		133,656
	554,382	5.500%, 11/25/2035		552,828
	760,851	1.277%, 4/25/2047^e		646,595
	1,181,217	0.745%, 8/25/2047^e		966,634
		Federal Home Loan Mortgage Corporation
	5,022,426	2.500%, 12/15/2022ⁱ		277,578
	1,673,906	2.500%, 5/15/2027ⁱ		126,540
	1,952,187	2.500%, 2/15/2028ⁱ		169,044
	6,095,596	2.500%, 3/15/2028ⁱ		541,870
	3,133,886	3.000%, 4/15/2028ⁱ		296,965
	2,769,907	3.000%, 2/15/2033ⁱ		321,550
		Federal National Mortgage Association
	2,575,394	2.500%, 2/25/2028ⁱ		222,197
	2,208,519	3.000%, 4/25/2028ⁱ		214,527
	2,515,986	3.500%, 1/25/2033ⁱ		324,569
		First Horizon Alternative Mortgage Securities Trust
	781,274	2.719%, 3/25/2035		683,009
	777,420	2.752%, 7/25/2035		700,512
	773,012	6.000%, 8/25/2036^e		651,045
		First Horizon Mortgage Pass-Through Trust
	748,280	2.969%, 8/25/2037		595,018
		GMAC Mortgage Corporation Loan Trust
	1,254,267	3.407%, 5/25/2035		1,156,547
		Government National Mortgage Association
	2,400,278	4.000%, 1/16/2027ⁱ		239,386
		Greenpoint Mortgage Funding Trust
	610,745	0.724%, 10/25/2045^e		478,615
		HarborView Mortgage Loan Trust
	1,299,707	3.098%, 7/19/2035		1,141,814
		IndyMac IMJA Mortgage Loan Trust
	677,126	6.250%, 11/25/2037		545,156
		IndyMac INDX Mortgage Loan Trust
	957,283	3.017%, 10/25/2035		781,787
	846,945	1.165%, 7/25/2045^e		707,783
		J.P. Morgan Alternative Loan Trust
	924,748	6.500%, 3/25/2036		761,824
		J.P. Morgan Mortgage Trust
	180,900	6.500%, 1/25/2035		171,536


Principal Amount		Long-Term Fixed Income (47.8%)	Value
	Collateralized Mortgage Obligations (11.5%) - continued
	$721,913	3.229%, 8/25/2035		$715,120
	1,090,360	2.934%, 2/25/2036		951,832
	1,045,990	3.069%, 10/25/2036		944,921
	676,016	0.905%, 1/25/2037^e		357,617
	566,679	2.932%, 1/25/2037		505,811
	385,812	6.250%, 8/25/2037		290,542
		Lehman Mortgage Trust
	416,757	1.275%, 12/25/2035^e		288,887
		Master Asset Securitization Trust
	501,028	1.025%, 6/25/2036^e		269,653
		MASTR Alternative Loans Trust
	189,593	6.500%, 7/25/2034		188,440
	400,558	0.975%, 12/25/2035^e		186,902
		Merrill Lynch Alternative Note Asset Trust
	549,358	6.000%, 3/25/2037		436,938
		Morgan Stanley Mortgage Loan Trust
	425,284	2.866%, 11/25/2035		307,998
		MortgageIT Trust
	779,466	0.785%, 12/25/2035^e		697,190
		New Century Alternative Mortgage Loan Trust
	969,672	6.167%, 7/25/2036^g		564,535
		Pretium Mortgage Credit Partners, LLC
	1,094,305	4.375%, 11/27/2030^*		1,103,464
		Residential Accredit Loans, Inc. Trust
	1,441,121	3.950%, 9/25/2035		1,217,602
	581,443	5.750%, 9/25/2035		520,935
	841,175	6.000%, 4/25/2036		724,200
	703,078	6.000%, 1/25/2037		584,067
	1,210,155	5.750%, 4/25/2037		1,011,275
	741,550	6.250%, 4/25/2037		638,617
	296,218	6.000%, 6/25/2037		244,518
	1,252,936	0.715%, 7/25/2037^e		1,070,963
		Residential Asset Securitization Trust
	774,913	6.236%, 8/25/2022		669,604
	442,795	5.500%, 4/25/2035		444,205
	770,367	0.905%, 8/25/2037^e		207,426
		Residential Funding Mortgage Security I Trust
	657,176	5.750%, 2/25/2036		611,249
	888,837	6.000%, 7/25/2037		821,210
		Sequoia Mortgage Trust
	1,658,331	3.702%, 9/20/2046		1,337,459
		Structured Adjustable Rate Mortgage Loan Trust
	218,045	3.087%, 12/25/2034		212,057
	619,432	3.268%, 7/25/2035		528,736
	335,771	3.332%, 9/25/2035		275,581
		Structured Asset Mortgage Investments, Inc.
	1,390,634	0.835%, 12/25/2035^e		970,752
	732,884	0.735%, 5/25/2046^e		544,006
		Suntrust Alternative Loan Trust
	710,733	5.750%, 12/25/2035		673,390
		Vericrest Opportunity Loan Transferee
	1,133,625	3.500%, 7/25/2046^f,g		1,134,371
		WaMu Mortgage Pass Through Certificates
	1,003,086	2.733%, 8/25/2036		909,956
	572,625	2.237%, 11/25/2036		507,479
	1,154,626	2.026%, 1/25/2037		977,870


Principal Amount		Long-Term Fixed Income (47.8%)	Value
	Collateralized Mortgage Obligations (11.5%) - continued
	$106,082	2.802%, 8/25/2046		$92,312
	495,462	1.427%, 9/25/2046^e		379,722
	1,446,494	1.467%, 9/25/2046^e		1,187,883
	1,352,000	1.309%, 12/25/2046^e		1,047,045
	533,178	1.943%, 3/25/2047^e		426,288
		Washington Mutual Mortgage Pass Through Certificates
	433,261	1.125%, 6/25/2035^e		330,996
	707,080	6.000%, 11/25/2035		668,132
	974,124	7.000%, 4/25/2037		551,183
		Washington Mutual Mortgage Pass Through Certificates Trust
	1,001,616	7.000%, 2/25/2036		747,186
	1,438,615	1.257%, 2/25/2047^e		1,071,718
		Wells Fargo Mortgage Backed Securities Trust
	1,076,947	3.018%, 7/25/2036		1,054,054
	337,853	6.000%, 7/25/2037		335,742
	473,589	6.000%, 11/25/2037		468,981

		Total		62,651,304


	Commercial Mortgage-Backed Securities (0.3%)
		Greenwich Capital Commercial Funding Corporation
	650,000	5.867%, 12/10/2049		670,895
		Morgan Stanley Capital, Inc.
	995,763	5.406%, 3/15/2044		1,003,492

		Total		1,674,387


	Communications Services (3.4%)
		Altice US Finance I Corporation
	725,000	5.500%, 5/15/2026^f		744,937
		AMC Networks, Inc.
	1,080,000	5.000%, 4/1/2024		1,086,750
		American Tower Corporation
	60,000	2.800%, 6/1/2020		61,547
	98,000	3.450%, 9/15/2021		103,141
		AT&T, Inc.
	104,000	5.875%, 10/1/2019		116,356
	65,000	1.768%, 6/30/2020^e		65,562
	80,000	2.800%, 2/17/2021		82,316
		CCO Holdings, LLC
	1,000,000	5.875%, 4/1/2024^f		1,066,900
		CenturyLink, Inc.
	400,000	6.450%, 6/15/2021		428,500
	140,000	7.500%, 4/1/2024		149,450
		Charter Communications Operating, LLC
	245,000	3.579%, 7/23/2020^f		256,073
	35,000	4.464%, 7/23/2022^f		37,767
		Clear Channel Worldwide Holdings, Inc.
	1,020,000	6.500%, 11/15/2022		1,062,075
		Columbus International, Inc.
	750,000	7.375%, 3/30/2021^f		795,450
		Comcast Corporation
	185,000	1.625%, 1/15/2022		183,454
		Crown Castle International Corporation
	140,000	3.400%, 2/15/2021		146,516
	210,000	2.250%, 9/1/2021		209,830
	800,000	5.250%, 1/15/2023		905,872
		CSC Holdings, LLC
	80,000	5.500%, 4/15/2027^f		81,800


Principal Amount		Long-Term Fixed Income (47.8%)	Value
	Communications Services (3.4%) - continued
		Digicel, Ltd.
	$760,000	6.000%, 4/15/2021^*		$671,384
		DISH Network Corporation, Convertible
	700,000	3.375%, 8/15/2026^f		766,500
		Frontier Communications Corporation
	970,000	8.875%, 9/15/2020		1,046,387
		Hughes Satellite Systems Corporation
	513,000	6.500%, 6/15/2019		561,094
		Level 3 Communications, Inc.
	475,000	5.375%, 1/15/2024		494,891
		Level 3 Escrow II, Inc.
	400,000	5.375%, 8/15/2022		418,000
		Liberty Interactive, LLC, Convertible
	630,000	1.750%, 9/30/2046^f		665,437
		Neptune Finco Corporation
	610,000	10.875%, 10/15/2025^f		713,700
		Nexstar Escrow Corporation
	1,210,000	5.625%, 8/1/2024^f		1,213,025
		Quebecor Media, Inc.
	635,000	5.750%, 1/15/2023		660,400
		SBA Tower Trust
	200,000	3.598%, 4/15/2043^f		200,671
		SFR Group SA
	770,000	6.000%, 5/15/2022^f		785,400
		Sprint Corporation
	760,000	7.625%, 2/15/2025		752,400
		Telefonica Emisiones SAU
	126,000	3.192%, 4/27/2018		128,974
		T-Mobile USA, Inc.
	770,000	6.125%, 1/15/2022		818,125
		Univision Communications, Inc.
	515,000	5.125%, 5/15/2023^f		521,437
		Verizon Communications, Inc.
	190,000	1.375%, 8/15/2019		189,084
	66,000	2.625%, 2/21/2020		67,875
	98,000	4.500%, 9/15/2020		107,542

		Total		18,366,622


	Consumer Cyclical (2.5%)
		Allison Transmission, Inc.
	1,115,000	5.000%, 10/1/2024^f		1,142,875
		AmeriGas Finance, LLC
	700,000	5.625%, 5/20/2024		742,000
		BMW US Capital, LLC
	145,000	1.500%, 4/11/2019^f		145,228
		Brookfield Residential Properties, Inc.
	730,000	6.125%, 7/1/2022^f		737,300
		Corrections Corporation of America
	535,000	5.000%, 10/15/2022		484,175
		eBay, Inc.
	95,000	2.500%, 3/9/2018		96,343
		Ford Motor Credit Company, LLC
	130,000	5.000%, 5/15/2018		136,455
	210,000	1.897%, 8/12/2019		209,697
	95,000	2.597%, 11/4/2019		96,490
		General Motors Financial Company, Inc.
	210,000	3.150%, 1/15/2020		213,982
	83,000	4.375%, 9/25/2021		88,648
		Home Depot, Inc.
	70,000	1.220%, 9/15/2017^e		70,193


Principal Amount		Long-Term Fixed Income (47.8%)	Value
	Consumer Cyclical (2.5%) - continued
	$110,000	2.000%, 4/1/2021		$111,839
	65,000	2.625%, 6/1/2022		67,497
		Jaguar Land Rover Automotive plc
	200,000	4.125%, 12/15/2018^f		206,500
	383,000	5.625%, 2/1/2023^f		401,193
		L Brands, Inc.
	570,000	5.625%, 2/15/2022		636,975
		Lennar Corporation
	410,000	12.250%, 6/1/2017		437,163
	160,000	4.125%, 12/1/2018		164,400
		Live Nation Entertainment, Inc.
	1,110,000	5.375%, 6/15/2022^f		1,146,075
		Macy's Retail Holdings, Inc.
	176,000	7.450%, 7/15/2017		184,190
		MGM Resorts International
	775,000	6.000%, 3/15/2023		840,875
		Newell Rubbermaid, Inc.
	95,000	3.150%, 4/1/2021		98,977
		PulteGroup, Inc.
	1,105,000	4.250%, 3/1/2021		1,160,250
		Ralph Lauren Corporation
	70,000	2.625%, 8/18/2020		72,392
		Rite Aid Corporation
	905,000	6.375%, 4/1/2023^f		976,649
		Royal Caribbean Cruises, Ltd.
	750,000	5.250%, 11/15/2022		815,625
		Starbucks Corporation
	115,000	2.100%, 2/4/2021		117,388
		Toll Brothers Finance Corporation
	124,000	4.000%, 12/31/2018		128,495
		Visa, Inc.
	70,000	2.200%, 12/14/2020		71,790
		Walgreens Boots Alliance, Inc.
	95,000	1.750%, 5/30/2018		95,520
	95,000	2.600%, 6/1/2021		97,220
		West Corporation
	770,000	5.375%, 7/15/2022^f		754,600
		Yum! Brands, Inc.
	1,105,000	5.000%, 6/1/2024^f		1,154,725

		Total		13,903,724


	Consumer Non-Cyclical (2.8%)
		Anheuser-Busch InBev Finance, Inc.
	120,000	2.017%, 2/1/2021^e		123,161
	275,000	2.650%, 2/1/2021		283,771
		B&G Foods, Inc.
	310,000	4.625%, 6/1/2021		319,300
		BAT International Finance plc
	65,000	1.360%, 6/15/2018^e,f		65,209
		Baxter International, Inc.
	210,000	1.700%, 8/15/2021		208,474
		Bayer U.S. Finance, LLC
	220,000	2.375%, 10/8/2019^f		223,229
		Becton, Dickinson and Company
	45,000	1.450%, 5/15/2017		45,074
		Boston Scientific Corporation
	35,000	6.000%, 1/15/2020		39,539
		Bunge Limited Finance Corporation
	70,000	3.500%, 11/24/2020		73,214
		Cardinal Health, Inc.
	65,000	1.950%, 6/15/2018		65,614
		Celgene Corporation
	70,000	3.550%, 8/15/2022		74,374
		Cott Beverages, Inc.
	770,000	5.375%, 7/1/2022		793,100


Principal Amount		Long-Term Fixed Income (47.8%)	Value
	Consumer Non-Cyclical (2.8%) - continued
		CVS Health Corporation
	$64,000	2.250%, 12/5/2018		$65,152
		EMD Finance, LLC
	35,000	1.207%, 3/17/2017^e,f		35,015
		Envision Healthcare Corporation
	750,000	5.125%, 7/1/2022^f		746,250
		Express Scripts Holding Company
	90,000	3.900%, 2/15/2022		97,110
		Forest Laboratories, Inc.
	97,000	4.375%, 2/1/2019^f		102,182
		Gilead Sciences, Inc.
	200,000	1.950%, 3/1/2022		200,437
	70,000	3.250%, 9/1/2022		74,330
		Grifols Worldwide Operations, Ltd.
	920,000	5.250%, 4/1/2022		952,200
		HCA, Inc.
	430,000	5.250%, 6/15/2026		456,875
	575,000	4.500%, 2/15/2027		578,594
		Iconix Brand Group, Inc., Convertible
	680,000	1.500%, 3/15/2018		586,500
		Intercept Pharmaceuticals, Inc., Convertible
	800,000	3.250%, 7/1/2023		894,500
		JBS USA, LLC
	390,000	5.875%, 7/15/2024^f		388,050
	780,000	5.750%, 6/15/2025^f		766,350
		Kraft Heinz Foods Company
	210,000	5.375%, 2/10/2020		234,452
		Laboratory Corporation of America Holdings
	25,000	2.625%, 2/1/2020		25,472
		Mead Johnson Nutrition Company
	70,000	3.000%, 11/15/2020		72,906
		Medtronic plc
	178,000	4.375%, 3/15/2035		201,706
		Molson Coors Brewing Company
	185,000	1.450%, 7/15/2019		184,464
		Mondelez International, Inc.
	86,000	2.250%, 2/1/2019		87,478
		Mylan NV
	180,000	2.500%, 6/7/2019^f		181,599
	35,000	3.750%, 12/15/2020^f		36,553
		Pernod Ricard SA
	190,000	5.750%, 4/7/2021^f		218,858
		Perrigo Finance plc
	210,000	3.500%, 12/15/2021		217,066
		Pfizer, Inc.
	560,000	5.200%, 8/12/2020		634,019
		Pinnacle Foods, Inc.
	500,000	5.875%, 1/15/2024^f		533,750
		Reynolds American, Inc.
	35,000	3.250%, 6/12/2020		36,822
		SABMiller plc
	48,000	6.500%, 7/15/2018^f		52,163
		Safeway, Inc.
	37,000	3.400%, 12/1/2016		36,926
		Shire Acquisitions Investments Ireland Designated Activity Company
	225,000	1.900%, 9/23/2019		224,885
		Spectrum Brands, Inc.
	340,000	5.750%, 7/15/2025		367,200
		Teleflex, Inc.
	725,000	4.875%, 6/1/2026		750,375


Principal Amount		Long-Term Fixed Income (47.8%)	Value
	Consumer Non-Cyclical (2.8%) - continued
		Tenet Healthcare Corporation
	$1,005,000	8.125%, 4/1/2022		$1,005,000
		Teva Pharmaceutical Finance Netherlands III BV
	275,000	1.700%, 7/19/2019		274,378
		TreeHouse Foods, Inc.
	510,000	4.875%, 3/15/2022		527,850
		Tyson Foods, Inc.
	98,000	4.500%, 6/15/2022		108,811
		VPII Escrow Corporation
	410,000	7.500%, 7/15/2021^f		396,921
		VRX Escrow Corporation
	800,000	6.125%, 4/15/2025^f		689,000

		Total		15,356,258


	Energy (2.5%)
		Anadarko Petroleum Corporation
	77,000	8.700%, 3/15/2019		87,671
	33,000	4.850%, 3/15/2021		35,426
		Antero Resources Corporation
	260,000	5.125%, 12/1/2022		261,950
	500,000	5.625%, 6/1/2023		509,375
		BP Capital Markets plc
	180,000	1.676%, 5/3/2019		180,702
		Buckeye Partners, LP
	98,000	2.650%, 11/15/2018		98,980
		Chesapeake Energy Corporation, Convertible
	800,000	5.500%, 10/5/2026^f		803,656
		Chevron Corporation
	70,000	1.328%, 11/16/2018^e		70,177
		Concho Resources, Inc.
	435,000	6.500%, 1/15/2022		451,312
	570,000	5.500%, 10/1/2022		591,375
		Contura Energy, Inc.
	111,000	10.000%, 8/1/2021^f		114,330
		Crestwood Midstream Partners, LP
	510,000	6.250%, 4/1/2023		516,375
		Devon Energy Corporation
	210,000	3.250%, 5/15/2022		208,499
		Ecopetrol SA
	165,000	5.875%, 9/18/2023		177,994
		Enbridge Energy Partners, LP
	810,000	8.050%, 10/1/2037		716,850
		Enterprise Products Operating, LLC
	960,000	7.034%, 1/15/2068		1,014,518
		EQT Corporation
	60,000	5.150%, 3/1/2018		62,469
	62,000	8.125%, 6/1/2019		70,869
		Exxon Mobil Corporation
	140,000	1.708%, 3/1/2019		141,493
		Marathon Oil Corporation
	200,000	2.800%, 11/1/2022		185,233
		Marathon Petroleum Corporation
	70,000	3.400%, 12/15/2020		72,747
		MEG Energy Corporation
	160,000	6.500%, 3/15/2021^f		130,600
	410,000	6.375%, 1/30/2023^f		324,412
		MPLX, LP
	1,010,000	4.875%, 12/1/2024		1,044,669
		Occidental Petroleum Corporation
	175,000	2.600%, 4/15/2022		178,765
		Petrobras Global Finance BV
	26,000	8.375%, 5/23/2021		28,405


Principal Amount		Long-Term Fixed Income (47.8%)	Value
	Energy (2.5%) - continued
		Petroleos Mexicanos
	$42,000	5.500%, 2/4/2019^f		$44,289
		Pioneer Natural Resources Company
	25,000	3.450%, 1/15/2021		25,997
		Regency Energy Partners, LP
	730,000	5.000%, 10/1/2022		770,476
		Sabine Pass Liquefaction, LLC
	775,000	5.625%, 3/1/2025		833,125
		Schlumberger Holdings Corporation
	70,000	3.000%, 12/21/2020^f		72,991
		Shell International Finance BV
	60,000	1.266%, 5/11/2020^e		60,069
		Sinopec Group Overseas Development, Ltd.
	210,000	1.750%, 9/29/2019^f		208,867
		Sunoco Logistics Partners Operations, LP
	70,000	4.400%, 4/1/2021		75,092
		Targa Resources Partners, LP
	730,000	6.625%, 10/1/2020		754,637
		TransCanada Trust
	545,000	5.875%, 8/15/2076		576,610
		Transcontinental Gas Pipe Line Company, LLC
	80,000	7.850%, 2/1/2026^f		103,571
		Weatherford International, Ltd.
	735,000	8.250%, 6/15/2023		725,813
		Whiting Petroleum Corporation, Convertible
	605,000	1.250%, 4/1/2020		499,881
		WPX Energy, Inc.
	500,000	7.500%, 8/1/2020		528,750

		Total		13,359,020


	Financials (6.9%)
		ACE INA Holdings, Inc.
	70,000	2.875%, 11/3/2022		73,535
		Aegon NV
	720,000	1.428%, 7/29/2049^e,h		466,589
		AerCap Ireland Capital, Ltd.
	545,000	3.950%, 2/1/2022		558,625
		Aetna, Inc.
	190,000	1.900%, 6/7/2019		191,743
		Air Lease Corporation
	35,000	2.625%, 9/4/2018		35,318
		Ally Financial, Inc.
	600,000	3.750%, 11/18/2019		609,750
	350,000	4.125%, 3/30/2020		356,125
		American Express Credit Corporation
	70,000	1.906%, 9/14/2020^e		71,103
		AMG Capital Trust II, Convertible
	7,400	5.150%, 10/15/2037		400,063
		Argos Merger Sub, Inc.
	960,000	7.125%, 3/15/2023^f		1,005,600
		BAC Capital Trust XIV
	560,000	4.000%, 9/29/2049^e,h		455,700
		Banco de Brasil SA
	490,000	9.000%, 12/31/2049^f,h		421,400
		Bank of America Corporation
	164,000	5.700%, 5/2/2017		167,843
	58,000	5.650%, 5/1/2018		61,524
	185,000	5.625%, 7/1/2020		207,673
	200,000	2.625%, 4/19/2021		203,182
	43,000	8.000%, 7/29/2049^h		43,860


Principal Amount		Long-Term Fixed Income (47.8%)	Value
	Financials (6.9%) - continued
		Bank of Montreal
	$185,000	1.500%, 7/18/2019		$184,609
		Barclays Bank plc
	100,000	5.140%, 10/14/2020		108,283
		Barclays plc
	210,000	3.200%, 8/10/2021		211,104
		Berkshire Hathaway Finance Corporation
	215,000	1.700%, 3/15/2019		216,973
		Blackstone Mortgage Trust, Inc., Convertible
	440,000	5.250%, 12/1/2018		483,450
		BNZ International Funding, Ltd.
	250,000	1.836%, 9/14/2021^e,f		250,363
		Caisse Centrale Desjardins du Quebec
	35,000	1.417%, 1/29/2018^e,f		34,957
		Capital One NA
	210,000	2.400%, 9/5/2019		213,321
		Centene Escrow Corporation
	1,050,000	5.625%, 2/15/2021		1,113,000
		Central Fidelity Capital Trust I
	790,000	1.680%, 4/15/2027^e		687,300
		CIT Group, Inc.
	925,000	5.000%, 8/15/2022		982,812
		Citigroup, Inc.
	97,000	1.850%, 11/24/2017		97,303
	200,000	2.050%, 6/7/2019		201,523
	185,000	2.650%, 10/26/2020		188,975
	175,000	2.255%, 9/1/2023^e		175,838
		CNA Financial Corporation
	250,000	5.750%, 8/15/2021		288,213
		Credit Agricole SA
	50,000	1.815%, 6/10/2020^e,f		50,154
		Credit Suisse Group AG
	760,000	6.250%, 12/29/2049^f,h		719,150
	400,000	7.500%, 12/29/2049^f,h		406,900
		Credit Suisse Group Funding, Ltd.
	420,000	2.750%, 3/26/2020		421,529
		CyrusOne, LP
	570,000	6.375%, 11/15/2022		603,665
		Discover Bank
	43,000	8.700%, 11/18/2019		49,605
		Discover Financial Services
	90,000	6.450%, 6/12/2017		92,878
		Duke Realty, LP
	95,000	4.375%, 6/15/2022		103,914
		Fifth Third Bancorp
	575,000	4.900%, 12/29/2049^h		557,175
		Goldman Sachs Group, Inc.
	88,000	2.625%, 1/31/2019		89,798
	307,000	7.500%, 2/15/2019		346,991
	200,000	2.000%, 4/25/2019		201,332
	35,000	1.875%, 4/23/2020^e		35,217
	160,000	2.241%, 11/15/2021^e		159,242
	60,000	2.429%, 11/29/2023^e		61,020
	420,000	5.300%, 12/29/2049^h		430,500
		Goldman Sachs Group, Inc., Convertible
	2,450,000	0.500%, 9/24/2022		2,689,267
		Guardian Life Global Funding
	200,000	2.000%, 4/26/2021^f		201,775
		Hartford Financial Services Group, Inc.
	106,000	6.000%, 1/15/2019		115,524


Principal Amount		Long-Term Fixed Income (47.8%)	Value
	Financials (6.9%) - continued
		HCP, Inc.
	$64,000	3.750%, 2/1/2019		$66,254
		Health Care REIT, Inc.
	110,000	4.700%, 9/15/2017		113,281
		Hospitality Properties Trust
	80,000	4.250%, 2/15/2021		85,331
		HSBC Holdings plc
	210,000	2.358%, 1/5/2022^c,e		210,941
		Huntington Bancshares, Inc.
	140,000	3.150%, 3/14/2021		145,131
		Icahn Enterprises, LP
	400,000	6.000%, 8/1/2020		402,000
		ILFC E-Capital Trust II
	1,035,000	4.250%, 12/21/2065^e,f		825,412
		ING Capital Funding Trust III
	89,000	4.438%, 12/29/2049^e,h		88,444
		International Lease Finance Corporation
	390,000	5.875%, 8/15/2022		432,412
		Intesa Sanpaolo SPA
	41,000	3.875%, 1/16/2018		41,807
	100,000	3.875%, 1/15/2019		102,964
		J.P. Morgan Chase & Company
	88,000	6.300%, 4/23/2019		98,032
	30,000	2.250%, 1/23/2020		30,394
	185,000	4.950%, 3/25/2020		203,636
	210,000	2.295%, 8/15/2021		210,457
	160,000	2.700%, 5/18/2023		161,651
	77,000	7.900%, 4/29/2049^h		79,117
		J.P. Morgan Chase Bank NA
	250,000	1.453%, 9/23/2019^e		250,325
		KeyBank NA
	250,000	1.600%, 8/22/2019		250,021
		Liberty Mutual Group, Inc.
	525,000	10.750%, 6/15/2058^*		798,000
	25,000	5.000%, 6/1/2021^f		27,851
		Lincoln National Corporation
	185,000	6.250%, 2/15/2020		208,204
		Lloyds Banking Group plc
	800,000	6.413%, 1/29/2049^f,h		880,000
		Macquarie Bank, Ltd.
	80,000	1.860%, 1/15/2019^e,f		80,589
		MetLife Capital Trust IV
	823,000	7.875%, 12/15/2037^f		1,032,534
		MGIC Investment Corporation, Convertible
	310,000	9.000%, 4/1/2063^f		383,044
		Mitsubishi UFJ Financial Group, Inc.
	250,000	1.912%, 9/13/2021^e		249,714
		Mizuho Financial Group, Inc.
	250,000	1.992%, 9/13/2021^e		250,303
		Morgan Stanley
	35,000	1.874%, 1/27/2020^e		35,365
	210,000	2.800%, 6/16/2020		215,432
	200,000	2.500%, 4/21/2021		202,501
	64,000	4.875%, 11/1/2022		70,590
		MPT Operating Partnership, LP
	510,000	5.500%, 5/1/2024		536,010
		Murray Street Investment Trust I
	88,000	4.647%, 3/9/2017		88,890
		National City Corporation
	86,000	6.875%, 5/15/2019		96,873
		National Westminster Bank plc
	1,140,000	1.125%, 11/29/2049^e,h		770,713


Principal Amount		Long-Term Fixed Income (47.8%)	Value
	Financials (6.9%) - continued
		New York Life Global Funding
	$70,000	1.550%, 11/2/2018^f		$70,359
		Nomura Holdings, Inc.
	85,000	2.750%, 3/19/2019		86,936
		Prudential Financial, Inc.
	775,000	5.625%, 6/15/2043		836,070
		Quicken Loans, Inc.
	1,005,000	5.750%, 5/1/2025^f		997,462
		Realty Income Corporation
	78,000	2.000%, 1/31/2018		78,523
		Regions Bank
	28,000	7.500%, 5/15/2018		30,469
		Regions Financial Corporation
	90,000	3.200%, 2/8/2021		93,560
		Reinsurance Group of America, Inc.
	160,000	5.625%, 3/15/2017		162,874
		Royal Bank of Scotland Group plc
	725,000	7.640%, 3/29/2049^h		703,250
	230,000	7.648%, 8/29/2049^h		275,425
		Santander Uk Group Holdings plc
	210,000	2.875%, 8/5/2021		209,915
		Santander UK plc
	64,000	3.050%, 8/23/2018		65,560
		Simon Property Group, LP
	70,000	2.500%, 9/1/2020		72,155
	120,000	2.500%, 7/15/2021		123,185
		Societe Generale SA
	760,000	8.250%, 9/29/2049^h		770,420
	800,000	8.000%, 12/31/2049^f,h		804,000
		Standard Chartered plc
	210,000	1.941%, 8/19/2019^e,f		211,660
	960,000	6.409%, 1/29/2049^f,h		931,200
		State Street Capital Trust IV
	1,043,000	1.850%, 6/15/2037^e		896,980
		State Street Corporation
	70,000	1.701%, 8/18/2020^e		70,659
		Sumitomo Mitsui Financial Group, Inc.
	215,000	2.514%, 3/9/2021^e		221,481
		SunTrust Banks, Inc.
	95,000	2.900%, 3/3/2021		98,858
		Synchrony Financial
	94,000	1.875%, 8/15/2017		94,189
	25,000	1.989%, 2/3/2020^e		24,456
	94,000	3.750%, 8/15/2021		98,873
		Toronto-Dominion Bank
	80,000	1.542%, 1/22/2019^e		80,581
	70,000	1.786%, 12/14/2020^e		70,625
		UnitedHealth Group, Inc.
	70,000	3.350%, 7/15/2022		75,167
		USB Realty Corporation
	760,000	1.827%, 12/29/2049^e,f,h		682,100
		Voya Financial, Inc.
	129,000	2.900%, 2/15/2018		131,421
		Wells Fargo & Company
	35,000	1.432%, 1/30/2020^e		34,903
	210,000	2.150%, 1/30/2020		211,528
	205,000	2.100%, 7/26/2021		204,298
		Westpac Banking Corporation
	275,000	1.661%, 8/19/2021^e		275,860

		Total		37,622,518


Principal Amount		Long-Term Fixed Income (47.8%)	Value
	Foreign Government (3.7%)
		Argentina Government International Bond
	$250,000	6.250%, 4/22/2019^f		$265,125
		Brazil Government International Bond
	330,000	4.875%, 1/22/2021		352,275
	500,000	2.625%, 1/5/2023		462,500
	100,000	6.000%, 4/7/2026		110,750
	300,000	7.125%, 1/20/2037		352,500
	360,000	5.000%, 1/27/2045		326,700
	250,000	5.625%, 2/21/2047		246,875
		Colombia Government International Bond
	300,000	4.375%, 7/12/2021		324,900
	200,000	2.625%, 3/15/2023		197,300
	250,000	4.000%, 2/26/2024		266,250
	154,000	5.625%, 2/26/2044		178,255
	360,000	5.000%, 6/15/2045		389,700
		Croatia Government International Bond
	60,000	6.750%, 11/5/2019^f		66,529
	350,000	6.625%, 7/14/2020^f		392,175
	170,000	6.000%, 1/26/2024^f		195,500
		Hungary Government International Bond
	120,000	6.375%, 3/29/2021		139,050
	400,000	5.750%, 11/22/2023		471,000
	372,000	5.375%, 3/25/2024		432,000
		Indonesia Government International Bond
	300,000	4.875%, 5/5/2021^f		330,048
	290,000	3.375%, 4/15/2023^f		298,803
	270,000	5.875%, 1/15/2024^f		318,402
	210,000	4.125%, 1/15/2025^f		224,030
	200,000	4.750%, 1/8/2026^f		223,380
	230,000	8.500%, 10/12/2035^f		348,126
	600,000	5.125%, 1/15/2045^f		684,193
		Mexico Government International Bond
	200,000	4.350%, 1/15/2047		196,500
	62,000	5.750%, 10/12/2110		65,565
	180,000	3.625%, 3/15/2022		189,675
	454,000	4.000%, 10/2/2023		485,099
	350,000	3.600%, 1/30/2025		362,688
	370,000	4.125%, 1/21/2026		397,935
	120,000	6.750%, 9/27/2034		158,700
	118,000	6.050%, 1/11/2040		143,665
	250,000	4.750%, 3/8/2044		259,063
	180,000	5.550%, 1/21/2045		208,575
	315,000	4.600%, 1/23/2046		319,331
		Panama Government International Bond
	180,000	4.000%, 9/22/2024		196,875
	270,000	3.750%, 3/16/2025		291,263
	210,000	6.700%, 1/26/2036		286,650
		Peru Government International Bond
	100,000	5.625%, 11/18/2050		132,250
	360,000	4.125%, 8/25/2027		411,300
	303,000	8.750%, 11/21/2033		491,618
		Philippines Government International Bond
	235,000	7.750%, 1/14/2031		366,301
	90,000	6.375%, 10/23/2034		130,813
	100,000	5.000%, 1/13/2037		128,979
	200,000	3.950%, 1/20/2040		228,432


Principal Amount		Long-Term Fixed Income (47.8%)	Value
	Foreign Government (3.7%) - continued
	$480,000	3.700%, 3/1/2041		$531,131
		Romania Government International Bond
	196,000	4.375%, 8/22/2023^f		216,874
	100,000	4.875%, 1/22/2024^f		114,321
	130,000	6.125%, 1/22/2044^f		175,500
		Russia Government International Bond
	180,000	3.500%, 1/16/2019^f		183,792
	850,000	5.000%, 4/29/2020^f		916,793
	500,000	4.875%, 9/16/2023^f		549,750
	240,750	7.500%, 3/31/2030^f		292,031
	270,000	5.625%, 4/4/2042^f		311,783
		South Africa Government International Bond
	55,000	5.500%, 3/9/2020		59,986
	210,000	5.875%, 5/30/2022		237,300
	340,000	4.300%, 10/12/2028^c		334,563
	50,000	5.375%, 7/24/2044		54,325
		Turkey Government International Bond
	122,000	7.500%, 11/7/2019		135,688
	300,000	7.000%, 6/5/2020		331,950
	385,000	5.125%, 3/25/2022		400,400
	180,000	6.250%, 9/26/2022		197,550
	90,000	5.750%, 3/22/2024		96,919
	400,000	4.250%, 4/14/2026		391,224
	210,000	4.875%, 10/9/2026		213,675
	362,000	6.875%, 3/17/2036		422,490
	440,000	4.875%, 4/16/2043		410,612
	360,000	6.625%, 2/17/2045		419,605

		Total		20,045,905


	Mortgage-Backed Securities (4.6%)
		Federal Home Loan Mortgage Corporation Gold 15-Yr. Pass Through
	2,000,000	3.000%, 10/1/2031^c		2,100,742
		Federal National Mortgage Association Conventional 15-Yr. Pass Through
	7,500,000	2.500%, 10/1/2031^c		7,768,159
		Federal National Mortgage Association Conventional 30-Yr. Pass Through
	6,500,000	3.000%, 10/1/2046^c		6,755,683
	5,800,000	3.500%, 10/1/2046^c		6,119,906
	2,150,000	4.000%, 10/1/2046^c		2,309,067

		Total		25,053,557


	Technology (1.7%)
		Alliance Data Systems Corporation
	420,000	5.375%, 8/1/2022^f		409,500
		Apple, Inc.
	60,000	1.117%, 5/6/2020^e		59,892
		Automatic Data Processing, Inc.
	70,000	2.250%, 9/15/2020		72,194
		Cisco Systems, Inc.
	90,000	1.411%, 2/21/2018^e		90,521
	65,000	1.342%, 3/1/2019^e		65,427
		CommScope Technologies Finance, LLC
	580,000	6.000%, 6/15/2025^f		618,425


Principal Amount		Long-Term Fixed Income (47.8%)	Value
	Technology (1.7%) - continued
		Cypress Semiconductor Corporation, Convertible
	$400,000	4.500%, 1/15/2022^f		$452,250
		Diamond 1 Finance Corporation
	95,000	3.480%, 6/1/2019^f		97,705
		Equinix, Inc.
	675,000	5.750%, 1/1/2025		717,187
		Fidelity National Information Services, Inc.
	70,000	3.625%, 10/15/2020		74,247
	275,000	2.250%, 8/15/2021		276,592
		First Data Corporation
	510,000	5.375%, 8/15/2023^f		525,300
		Hewlett Packard Enterprise Company
	268,000	3.600%, 10/15/2020^f,g		281,192
		IMS Health, Inc.
	320,000	6.000%, 11/1/2020^f		324,800
		Intel Corporation
	160,000	1.700%, 5/19/2021		161,265
	70,000	3.100%, 7/29/2022		74,766
		Intel Corporation, Convertible
	520,000	2.950%, 12/15/2035		717,925
		Micron Technology, Inc., Convertible
	295,000	2.375%, 5/1/2032		561,238
	450,000	3.000%, 11/15/2043		399,937
		Microsoft Corporation
	210,000	1.100%, 8/8/2019		209,330
		NXP BV
	785,000	3.875%, 9/1/2022^f		822,288
		NXP Semiconductors NV, Convertible
	695,000	1.000%, 12/1/2019		818,362
		Oracle Corporation
	60,000	2.500%, 5/15/2022		61,589
		Plantronics, Inc.
	800,000	5.500%, 5/31/2023^f		824,000
		Sensata Technologies BV
	725,000	4.875%, 10/15/2023^f		754,000
		Texas Instruments, Inc.
	60,000	1.750%, 5/1/2020		60,806

		Total		9,530,738


	Transportation (0.4%)
		American Airlines Pass Through Trust
	68,724	4.950%, 1/15/2023		74,737
		Avis Budget Car Rental, LLC
	770,000	5.125%, 6/1/2022^f		772,406
		Delta Air Lines, Inc.
	49,584	4.950%, 5/23/2019		52,188
		ERAC USA Finance, LLC
	175,000	2.600%, 12/1/2021^f		178,372
		J.B. Hunt Transport Services, Inc.
	70,000	3.300%, 8/15/2022		73,179
		Korea Expressway Corporation
	123,000	1.625%, 4/28/2017^f		123,067
		XPO Logistics, Inc.
	705,000	6.500%, 6/15/2022^f		734,963

		Total		2,008,912


	U.S. Government and Agencies (0.4%)
		U.S. Treasury Notes
	830,000	1.125%, 8/31/2021		829,157
	830,000	2.125%, 6/30/2022		868,161
	600,000	1.625%, 2/15/2026		601,031

		Total		2,298,349


Principal Amount		Long-Term Fixed Income (47.8%)	Value
	Utilities (1.0%)
		AES Corporation
	$390,000	7.375%, 7/1/2021		$447,525
		Ameren Corporation
	70,000	2.700%, 11/15/2020		72,172
		Calpine Corporation
	560,000	6.000%, 1/15/2022^f		586,600
	730,000	5.375%, 1/15/2023		727,262
		Dominion Resources, Inc.
	200,000	1.600%, 8/15/2019		199,627
		Dynegy, Inc.
	700,000	7.375%, 11/1/2022		691,250
		Electricite de France SA
	305,000	5.250%, 12/29/2049^f,h		298,168
		Emera U.S. Finance, LP
	116,000	2.150%, 6/15/2019^f		117,269
		Energy Transfer Equity, LP
	780,000	5.500%, 6/1/2027		776,100
		Exelon Generation Company, LLC
	88,000	5.200%, 10/1/2019		96,674
		Fortis, Inc.
	180,000	2.100%, 10/4/2021^f		179,341
		NextEra Energy Capital Holdings, Inc.
	95,000	2.300%, 4/1/2019		96,507
		NiSource Finance Corporation
	216,000	5.450%, 9/15/2020		242,615
		NRG Energy, Inc.
	390,000	6.625%, 3/15/2023		393,900
		PSEG Power, LLC
	100,000	3.000%, 6/15/2021		102,893
		Southern Company
	200,000	1.850%, 7/1/2019		201,573
		Williams Partners, LP
	200,000	5.250%, 3/15/2020		216,516
		Xcel Energy, Inc.
	60,000	1.200%, 6/1/2017		59,884

		Total		5,505,876



		Total Long-Term Fixed Income (cost $255,261,741)		261,127,057


Shares		Common Stock (26.4%)	Value
	Consumer Discretionary (4.1%)
	4,400	Amazon.com, Inc.^j		3,684,164
	2,280	AutoZone, Inc.^j		1,751,815
	600	Bayerische Motoren Werke AG		44,283
	400	Beiersdorf AG		37,757
	9,400	Berkeley Group Holdings plc		314,087
	1,300	Brembo SPA		77,574
	11,100	Bridgestone Corporation		408,966
	5,742	Bunzl plc		169,322
	7,270	Burlington Stores, Inc.^j		589,015
	6,000	Calsonic Kansei Corporation		55,581
	5,985	Cedar Fair, LP		342,881
	100	Christian Dior SE		17,935
	8,700	Cineworld Group plc		65,362
	29,334	Comcast Corporation		1,946,018
	2,500	Compass Group plc		48,416
	200	Continental AG		42,140
	45,200	Debenhams plc		32,650
	13,700	Denso Corporation		546,692
	12,300	Eutelsat Communications		254,579
	20,100	Ford Motor Company		242,607
	12,500	Fuji Heavy Industries, Ltd.		468,994
	8,430	General Motors Company		267,821
	15,000	Gunze, Ltd.		48,460


Shares		Common Stock (26.4%)	Value
	Consumer Discretionary (4.1%) - continued
	3,100	Hakuhodo Dy Holdings, Inc.		$36,332
	1,100	Hennes & Mauritz AB		31,048
	30,600	Honda Motor Company, Ltd.		883,125
	17,000	Inchcape plc		145,056
	2,700	Intertek Group plc		121,888
	7,900	Kingfisher plc		38,544
	600	Koito Manufacturing Company, Ltd.		29,202
	1,400	KOMERI Company, Ltd.		34,068
	1,020	Linamar Corporation		42,590
	1,000	LVMH Moet Hennessy Louis Vuitton SE		170,512
	8,000	Marks and Spencer Group plc		34,321
	6,540	Masonite International Corporation^j		406,592
	19,212	MDC Partners, Inc.		205,953
	9,440	Newell Brands, Inc.		497,110
	1,100	Nifco, Inc.		58,439
	32,660	NIKE, Inc.		1,719,549
	1,600	Nokian Renkaat Oyj		58,336
	300	Paddy Power plc		33,923
	18,200	Persimmon plc		427,927
	7,646	Restoration Hardware Holdings, Inc.^j		264,399
	600	RTL Group SA		49,845
	4,200	Sekisui House, Ltd.		71,554
	5,700	SHOWA Corporation		30,035
	2,800	Sky plc		32,452
	13,470	Starbucks Corporation		729,266
	13,000	Sumitomo Forestry Company, Ltd.		173,988
	7,700	Sumitomo Rubber Industries, Ltd.		116,469
	700	Swatch Group AG		38,975
	13,800	Tatts Group, Ltd.		38,786
	28,030	Time, Inc.		405,874
	12,210	Toll Brothers, Inc.^j		364,591
	500	Toyota Motor Corporation		29,003
	5,410	Tractor Supply Company		364,364
	200	Valora Holding AG		56,994
	6,000	Wacoal Holdings Corporation		67,727
	20,020	Walt Disney Company		1,859,057
	740	Whirlpool Corporation		119,998
	1,700	Whitbread plc		86,279
	11,046	Wolters Kluwer NV		472,232
	8,100	WPP plc		190,395
	4,300	Yokohama Rubber Company, Ltd.		68,831

		Total		22,062,748


	Consumer Staples (1.4%)
	11,600	AdvancePierre Foods Holdings, Inc.		319,696
	11,911	Anheuser-Busch InBev NV ADR		1,565,225
	6,600	Axfood AB		116,517
	3,161	British American Tobacco plc		201,595
	11,800	Coca-Cola HBC AG		274,131
	2,400	Ebro Foods SA		55,825
	383	George Weston, Ltd.		31,949
	2,500	Henkel AG & Company KGaA		291,587
	18,419	Imperial Brands plc		948,032
	2,300	Jeronimo Martins SGPS SA		39,863
	2,600	Kao Corporation		146,999
	1,200	Kesko Oyj		55,284
	32,694	Koninklijke Ahold Delhaize NV		744,641
	3,500	Nestle SA		276,374
	15,070	Philip Morris International, Inc.		1,465,105
	776	Premium Brands Holdings Corporation		36,554
	2,500	Suedzucker AG		69,527
	2,600	Universal Corporation		151,372
	7,860	Walgreens Boots Alliance, Inc.		633,673


Shares		Common Stock (26.4%)	Value
	Consumer Staples (1.4%) - continued
	5,040	WhiteWave Foods Company^j		$274,327

		Total		7,698,276


	Energy (1.6%)
	8,747	Baytex Energy Corporation^j		37,136
	223,120	BP plc		1,300,501
	7,070	Continental Resources, Inc.^j		367,357
	3,232	Contura Energy, Inc.^j		134,936
	17,240	EOG Resources, Inc.		1,667,280
	19,290	EQT Corporation		1,400,840
	10,274	OMV AG		295,811
	11,350	Parsley Energy, Inc.^j		380,338
	2,820	Pioneer Natural Resources Company		523,533
	8,920	Royal Dutch Shell plc		222,597
	380	Royal Dutch Shell plc, Class A		9,454
	20,344	Royal Dutch Shell plc, Class B		527,429
	8,688	Statoil ASA		145,857
	8,059	Total SA		383,293
	692	Vantage Drilling International^j		54,668
	209,700	Weatherford International plc^j		1,178,514

		Total		8,629,544


	Financials (4.2%)
	2,570	Affiliated Managers Group, Inc.^j		371,879
	5,200	AIA Group, Ltd.		34,969
	8,500	Allianz SE		1,263,193
	200,000	Apollo Investment Corporation		1,160,000
	115,400	Ares Capital Corporation		1,788,700
	18,900	Australia & New Zealand Banking Group, Ltd.		402,600
	32,500	Banco Santander SA		144,182
	23,000	Bank of East Asia, Ltd.		93,872
	4,508	Bank of Montreal		295,402
	15,259	Bank of Nova Scotia		808,572
	10,990	Bank of the Ozarks, Inc.		422,016
	453	Canadian Imperial Bank of Commerce		35,126
	1,742	Canadian Western Bank^k		33,527
	9,000	Chiba Bank, Ltd.		51,113
	5,588	CI Financial Corporation^k		107,207
	29,100	Citigroup, Inc.		1,374,393
	10,500	CNP Assurances		176,410
	1,700	Danske Bank AS		49,735
	34,115	Direct Line Insurance Group plc		161,149
	24,540	Encore Capital Group, Inc.^j		551,659
	9,700	Erste Group Bank AG		287,235
	1,800	EXOR SPA		72,885
	47,500	FlexiGroup, Ltd.		84,810
	70,000	Fukuoka Financial Group, Inc.		290,944
	2,595	Genworth MI Canada, Inc.^k		66,776
	120,000	Golub Capital BDC, Inc.		2,228,400
	300	Groupe Bruxelles Lambert SA		26,629
	8,800	Hang Seng Bank, Ltd.		157,971
	4,000	Hannover Rueckversicherung SE		428,784
	57,600	Henderson Group plc		172,909
	2,321	Intact Financial Corporation		167,783
	5,800	Intercontinental Exchange, Inc.		1,562,288
	44,600	Investec plc		271,869
	22,200	J.P. Morgan Chase & Company		1,478,298
	37,480	KeyCorp		456,132
	6,000	Macquarie Group, Ltd.		379,467
	146,300	Mizuho Financial Group, Inc.		246,580
	2,800	MS and AD Insurance Group Holdings, Inc.		78,039
	2,800	National Australia Bank, Ltd.		60,189
	17,440	National Bank of Canada		618,399


Shares		Common Stock (26.4%)	Value
	Financials (4.2%) - continued
	8,600	Nordea Bank AB		$85,402
	12,100	Old Mutual plc		31,717
	10,623	Power Corporation of Canada		225,019
	1,507	Power Financial Corporation		34,920
	5,240	Raymond James Financial, Inc.		305,020
	1,913	Schroders plc		66,804
	7,000	Swiss Re AG		632,229
	40,380	Synchrony Financial		1,130,640
	16,800	T&D Holdings, Inc.		189,522
	1,200	Talanx AG		36,618
	1,000	Tokio Marine Holdings, Inc.		38,350
	2,803	Toronto-Dominion Bank		124,431
	21,900	United Overseas Bank, Ltd.		303,836
	21,300	Westpac Banking Corporation		484,622
	13,290	XL Group, Ltd.		446,943
	16,840	Zions Bancorporation		522,377

		Total		23,120,541


	Health Care (2.8%)
	50,870	Abbott Laboratories		2,151,292
	14,100	Akorn, Inc.^j		384,366
	6,350	Allergan plc^j		1,462,469
	1,050	Anthem, Inc.		131,576
	3,200	CSL, Ltd.		263,138
	6,563	Essilor International SA		846,602
	8,470	Gilead Sciences, Inc.		670,146
	5,000	Grifols SA		107,777
	5,200	Hikma Pharmaceuticals plc		135,832
	11,440	Hologic, Inc.^j		444,215
	441	ICON plc^j		34,120
	1,300	Laboratory Corporation of America Holdings^j		178,724
	900	Lonza Group AG		172,259
	18,100	Medtronic plc		1,563,840
	32,320	Merck & Company, Inc.		2,017,091
	2,800	Merck KGaA		302,023
	9,100	Novartis AG		718,175
	9,100	Novo Nordisk AS		379,276
	19,258	Pfizer, Inc.		652,268
	1,000	Roche Holding AG-Genusschein		248,499
	7,900	Sanofi		601,596
	2,630	Teleflex, Inc.		441,972
	8,680	Vertex Pharmaceuticals, Inc.^j		756,983
	2,820	Waters Corporation^j		446,942

		Total		15,111,181


	Industrials (2.9%)
	8,000	ABB, Ltd.		180,304
	2,700	Adecco SA		152,187
	33,800	Air New Zealand, Ltd.		45,849
	4,400	Amada Holdings Company, Ltd.		45,770
	1,200	Andritz AG		65,301
	21,000	Asahi Glass Company, Ltd.		135,785
	1,500	Atlas Copco Aktiebolag		45,157
	3,500	Babcock International Group plc		46,858
	2,000	Berendsen plc		32,154
	600	Brenntag AG		32,789
	5,907	Canadian National Railway Company		386,131
	2,600	Capita plc		22,523
	21,000	Cathay Pacific Airways, Ltd.		29,357
	5,000	Dai Nippon Printing Company, Ltd.		49,048
	5,182	Dart Group plc		28,143
	300	DCC plc		27,257
	9,870	Delta Air Lines, Inc.		388,483
	3,800	Deutsche Post AG		118,973
	2,800	DSV AS		139,706


Shares		Common Stock (26.4%)	Value
	Industrials (2.9%) - continued
	3,300	East Japan Railway Company		$297,871
	7,910	EMCOR Group, Inc.		471,594
	2,840	Equifax, Inc.		382,207
	900	Flughafen Zuerich AG		175,944
	1,900	Fraport AG Frankfurt Airport Services Worldwide		103,988
	100	Georg Fischer AG		87,669
	2,200	Hitachi Transport System, Ltd.		43,960
	700	Hochtief AG		98,788
	12,456	Illinois Tool Works, Inc.		1,492,727
	2,700	Inaba Denki Sangyo Company, Ltd.		97,595
	25,720	Ingersoll-Rand plc		1,747,417
	51,400	ITOCHU Corporation		647,104
	25,040	Jacobs Engineering Group, Inc.^j		1,295,069
	1,700	Jardine Matheson Holdings, Ltd.		103,037
	5,000	Kamigumi Company, Ltd.		43,620
	12,400	KITZ Corporation		68,631
	13,600	KONE Oyj		690,435
	2,912	Koninklijke Boskalis Westminster NV		103,641
	600	Kuehne & Nagel International AG		87,196
	2,400	Kurita Water Industries, Ltd.		57,027
	500	Legrand SA		29,477
	18,000	Marubeni Corporation		92,468
	11,850	Masco Corporation		406,573
	19,400	Meggitt plc		113,231
	3,700	Middleby Corporation^j		457,394
	4,900	MIRAIT Holdings Corporation		41,753
	16,000	Mitsubishi Electric Corporation		205,067
	5,000	Mitsuboshi Belting, Ltd.		42,486
	32,500	Mitsui & Company, Ltd.		450,414
	8,000	Nippon Express Company, Ltd.		37,400
	9,300	Nitto Kogyo Corporation		122,082
	2,100	Randstad Holding NV		95,493
	262	Rieter Holding AG		53,153
	4,800	Sanwa Holdings Corporation		46,469
	100	Schindler Holding AG		18,941
	1,000	Schindler Holding AG, Participation Certificate		187,782
	4,700	Siemens AG		551,126
	2,700	Skanska AB		63,079
	4,800	SKF AB		82,893
	7,900	Smiths Group plc		149,960
	3,100	Southwest Airlines Company		120,559
	1,400	TOTO, Ltd.		52,930
	13,370	Union Pacific Corporation		1,303,976
	7,500	Vinci SA		574,341
	4,230	WABCO Holdings, Inc.^j		480,232
	2,034	WSP Global, Inc.		64,077
	1,600	Yuasa Trading Company, Ltd.		36,760

		Total		15,947,411


	Information Technology (4.0%)
	2,080	Alphabet, Inc., Class A^j		1,672,445
	1,084	Alphabet, Inc., Class C^j		842,582
	22,690	Apple, Inc.		2,565,104
	4,900	Canon, Inc.		142,259
	6,310	Check Point Software Technologies, Ltd.^j		489,719
	12,380	Facebook, Inc.^j		1,587,983
	19,820	Finisar Corporation^j		590,636
	11,200	FUJIFILM Holdings NPV		414,880
	2,400	Halma plc		32,584
	900	Hoya Corporation		36,205
	16,840	Juniper Networks, Inc.		405,170
	2,500	Kyocera Corporation		120,133
	1,200	Micro Focus International plc		34,157


Shares		Common Stock (26.4%)	Value
	Information Technology (4.0%) - continued
	34,320	Microsoft Corporation		$1,976,832
	4,800	NEC Networks & System Integration Corporation		81,763
	1,400	Nice, Ltd.		93,221
	2,400	NS Solutions Corporation		41,942
	800	NTT Data Corporation		39,956
	4,455	NVIDIA Corporation		305,257
	600	Oracle Corporation Japan		33,899
	4,530	Palo Alto Networks, Inc.^j		721,765
	43,460	Pandora Media, Inc.^j		622,782
	33,250	PayPal Holdings, Inc.^j		1,362,252
	8,020	Plantronics, Inc.		416,719
	28,970	Pure Storage, Inc.^j		392,543
	7,250	Salesforce.com, Inc.^j		517,143
	300	SAP SE		27,436
	1,100	Trend Micro, Inc.		38,374
	7,420	Twitter, Inc.^j		171,031
	2,580	Ultimate Software Group, Inc.^j		527,326
	900	United Internet AG		39,859
	14,220	Vantiv, Inc.^j		800,159
	24,570	Visa, Inc.		2,031,939
	49,320	Xilinx, Inc.		2,680,049

		Total		21,856,104


	Materials (0.8%)
	2,400	Adeka Corporation		33,205
	900	Air Liquide SA		96,513
	2,900	Amcor, Ltd.		33,777
	1,290	Ashland Global Holdings, Inc.		149,576
	33,500	BHP Billiton, Ltd.		580,304
	1,800	Croda International plc		81,223
	3,220	Crown Holdings, Inc.^j		183,830
	28,700	Daicel Corporation		362,684
	8,000	Denki Kagaku Kogyo KK		34,647
	4,309	Domtar Corporation		159,993
	1,750	Eagle Materials, Inc.		135,275
	1,100	Evonik Industries AG		37,240
	2,620	FMC Corporation		126,651
	100	Givaudan SA		203,872
	3,800	Hexpol AB		34,073
	3,100	JSR Corporation		48,724
	6,000	Kuraray Company, Ltd.		89,010
	14,800	Mitsubishi Chemical Holdings Corporation		92,787
	2,500	Mitsubishi Gas Chemical Company, Inc.		35,793
	1,800	Mitsubishi Materials Corporation		49,234
	500	Nippon Shokubai Company, Ltd.		31,237
	500	Nitto Denko Corporation		32,473
	60,505	Norsk Hydro ASA		261,610
	14,600	Orora, Ltd.		35,409
	2,750	Packaging Corporation of America		223,465
	1,710	PPG Industries, Inc.		176,746
	13	Rio Tinto, Ltd.		517
	5,900	RPC Group plc		73,318
	7,380	Steel Dynamics, Inc.		184,426
	2,000	Sumitomo Metal Mining Company, Ltd.		27,623
	1,400	Sumitomo Seika Chemicals Company, Ltd.		49,618
	7,000	Tosoh Corporation		43,145
	11,397	UPM-Kymmene Oyj		240,644
	18,185	Verso Corporation^j		117,293
	11,036	Yara International ASA		367,753

		Total		4,433,688


Shares		Common Stock (26.4%)	Value
	Real Estate (3.8%)
	1,700	Acadia Realty Trust		$61,608
	1,500	Agree Realty Corporation		74,160
	7,029	Alexandria Real Estate Equities, Inc.		764,544
	1,300	American Campus Communities, Inc.		66,131
	3,650	American Homes 4 Rent		78,986
	3,500	Apartment Investment & Management Company		160,685
	3,000	Apple Hospitality REIT, Inc.		55,530
	2,500	AvalonBay Communities, Inc.		444,600
	1,100	Bluerock Residential Growth REIT, Inc.		14,300
	4,845	Boston Properties, Inc.		660,325
	1,800	Brandywine Realty Trust		28,116
	25,495	Brixmor Property Group, Inc.		708,506
	7,010	Camden Property Trust		587,017
	31,200	CapitaMall Trust		49,707
	1,575	Care Capital Properties, Inc.		44,887
	901	Chesapeake Lodging Trust		20,633
	650	CoreSite Realty Corporation		48,126
	4,930	Crown Castle International Corporation		464,455
	4,500	CubeSmart		122,670
	1,900	CyrusOne, Inc.		90,383
	400	Daito Trust Construction Company, Ltd.		63,976
	700	DCT Industrial Trust, Inc.		33,985
	5,500	DDR Corporation		95,865
	4,800	Derwent London plc		161,789
	48,100	DEXUS Property Group		338,074
	1,218	DiamondRock Hospitality Company		11,084
	2,836	Digital Realty Trust, Inc.		275,432
	1,200	Douglas Emmett, Inc.		43,956
	28,220	Duke Realty Corporation		771,253
	1,000	DuPont Fabros Technology, Inc.		41,250
	1,000	Education Realty Trust, Inc.		43,140
	1,166	EPR Properties		91,811
	1,787	Equinix, Inc.		643,767
	1,800	Equity Lifestyle Properties, Inc.		138,924
	1,000	Equity One, Inc.		30,610
	9,040	Equity Residential		581,543
	1,250	Essex Property Trust, Inc.		278,375
	2,600	Extra Space Storage, Inc.		206,466
	1,000	Federal Realty Investment Trust		153,930
	1,800	First Industrial Realty Trust, Inc.		50,796
	2,400	Forest City Realty Trust, Inc.		55,512
	28,600	Frasers Centrepoint Trust		46,139
	2,600	Gaming and Leisure Properties, Inc.		86,970
	10,567	General Growth Properties, Inc.		291,649
	1,200	GEO Group, Inc.		28,536
	4,500	Gramercy Property Trust		43,380
	3,700	Great Portland Estates plc		30,342
	16,062	H&R Real Estate Investment Trust		274,607
	4,000	Hamborner REIT AG		42,315
	7,300	HCP, Inc.		277,035
	2,200	Healthcare Realty Trust, Inc.		74,932
	3,200	Healthcare Trust of America, Inc.		104,384
	2,500	Highwoods Properties, Inc.		130,300
	3,000	Hospitality Properties Trust		89,160
	14,111	Host Hotels & Resorts, Inc.		219,708
	2,000	Hudson Pacific Properties, Inc.		65,740
	6,600	Hufvudstaden AB		114,356
	57,000	Hysan Development Company, Ltd.		268,188
	3,900	Iron Mountain, Inc.		146,367
	1,500	Kilroy Realty Corporation		104,025
	9,700	Kimco Realty Corporation		280,815
	1,169	Lamar Advertising Company		76,347


Shares		Common Stock (26.4%)	Value
	Real Estate (3.8%) - continued
	1,900	LaSalle Hotel Properties		$45,353
	1,800	Liberty Property Trust		72,630
	791	Life Storage, Inc.		70,352
	10,500	Link REIT		77,512
	2,650	Macerich Company		214,306
	5,400	Medical Properties Trust, Inc.		79,758
	1,500	Mid-America Apartment Communities, Inc.		140,985
	1,300	National Health Investors, Inc.		102,024
	4,100	National Retail Properties, Inc.		208,485
	400	National Storage Affiliates Trust		8,376
	213,299	New World Development Company, Ltd.		279,698
	3,100	NorthStar Realty Finance Corporation		40,827
	2,550	Omega Healthcare Investors, Inc.		90,398
	1,400	Outfront Media, Inc.		33,110
	3,000	Parkway Properties, Inc.		51,030
	1,000	Pebblebrook Hotel Trust		26,600
	4,000	Physicians Realty Trust		86,160
	845	Post Properties, Inc.		55,880
	14,423	Prologis, Inc.		772,207
	3,372	Public Storage, Inc.		752,428
	823	QTS Realty Trust, Inc.		43,496
	2,500	Realty Income Corporation		167,325
	2,600	Regency Centers Corporation		201,474
	1,800	Retail Opportunity Investments Corporation		39,528
	3,000	Retail Properties of America, Inc.		50,400
	1,872	RioCan Real Estate Investment Trust		38,840
	3,988	RLJ Lodging Trust		83,868
	2,775	Senior Housing Property Trust		63,020
	7,970	Simon Property Group, Inc.		1,649,870
	2,000	SL Green Realty Corporation		216,200
	14,800	Spirit Realty Captial, Inc.		197,284
	86,919	Stockland		318,335
	3,406	Store Capital Corporation		100,375
	3,700	Summit Hotel Properties, Inc.		48,692
	1,250	Sun Communities, Inc.		98,100
	3,655	Sunstone Hotel Investors, Inc.		46,747
	300	Swiss Prime Site AG^j		26,346
	1,664	Tanger Factory Outlet Centers, Inc.		64,829
	700	Taubman Centers, Inc.		52,087
	5,600	UDR, Inc.		201,544
	2,100	Urban Edge Properties		59,094
	500	Urstadt Biddle Properties, Inc.		11,110
	6,100	Ventas, Inc.		430,843
	12,509	VEREIT, Inc.		129,718
	5,990	Vornado Realty Trust		606,248
	2,000	Weingarten Realty Investors		77,960
	13,768	Welltower, Inc.		1,029,433
	6,000	Wharf Holdings, Ltd.		44,019
	8,000	Wheelock and Company, Ltd.		47,518
	52,100	Wing Tai Holdings, Ltd.		64,661
	1,100	WP Carey, Inc.		70,983

		Total		20,940,268


	Telecommunications Services (0.4%)
	2,128	BCE, Inc.		98,278
	27,200	BT Group plc		136,851
	10,300	Elisa Oyj		379,591
	7,100	Freenet AG		207,808
	120,060	KCOM Group plc		180,398
	700	Millicom International Cellular SA		36,268
	800	Nippon Telegraph & Telephone Corporation		36,589


Shares		Common Stock (26.4%)	Value
	Telecommunications Services (0.4%) - continued
	9,700	Orange SA		$151,976
	138,000	PCCW, Ltd.		84,996
	3,500	Proximus SA		104,706
	12,200	Telefonica Deutschland Holding AG		49,190
	7,936	Telenor ASA		136,467
	12,900	Vodafone Group plc		36,996
	20,790	Zayo Group Holdings, Inc.^j		617,671

		Total		2,257,785


	Utilities (0.4%)
	4,100	E.ON SE		29,141
	59,800	Electricidade de Portugal SA		200,690
	23,189	MDU Resources Group, Inc.		589,928
	9,426	NorthWestern Corporation		542,278
	88,000	Osaka Gas Company, Ltd.		369,092
	40,500	Redes Energeticas Nacionais SGPS SA		118,380
	6,000	Toho Gas Company, Ltd.		56,185
	8,300	United Utilities Group plc		107,806

		Total		2,013,500



		Total Common Stock (cost $137,248,416)		144,071,046


Shares		Registered Investment Companies (5.6%)	Value
	Equity Funds/ETFs (1.7%)
	256,500	Alerian MLP ETF		3,254,985
	6,880	iShares MSCI EAFE Index Fund		406,814
	45,060	Materials Select Sector SPDR Fund		2,151,615
	29,020	Utilities Select Sector SPDR Fund		1,421,690
	25,000	Vanguard High Dividend Yield ETF		1,803,500

		Total		9,038,604


	Fixed Income Funds/ETFs (3.9%)
	15,917	iShares J.P. Morgan USD Emerging Markets Bond ETF		1,865,631
	27,000	iShares S&P U.S. Preferred Stock Index Fund		1,066,500
	213,690	PowerShares Senior Loan Portfolio		4,959,745
	165,745	Vanguard Short-Term Corporate Bond ETF		13,350,760

		Total		21,242,636



		Total Registered Investment Companies (cost $30,674,807)		30,281,240


Shares		Preferred Stock (2.6%)	Value
	Consumer Staples (0.3%)
	3,200	Bunge, Ltd., Convertible, 4.875%^h		304,343
	19,000	CHS, Inc., 6.750%^h		543,970
	31,200	CHS, Inc., 7.100%^h		934,752

		Total		1,783,065


	Energy (<0.1%)
	2,401	Alpha Natural Resources, Inc.^j		14,118
	2,401	ANR Holdings, Inc.^j		3,673

		Total		17,791


	Financials (1.9%)
	6,475	Agribank FCB, 6.875%^h		697,681
	39,710	Annaly Capital Management, Inc., 7.500%^h		1,002,677
	250	Bank of America Corporation, Convertible, 7.250%^h		305,210
	37,225	Citigroup, Inc., 6.875%^h		1,072,452


Shares		Preferred Stock (2.6%)	Value
	Financials (1.9%) - continued
	26,020	Citigroup, Inc., 7.008%^e		$685,367
	8,650	Cobank ACB, 6.250%^h		910,413
	41,050	GMAC Capital Trust I, 6.602%^e		1,043,080
	30,800	Goldman Sachs Group, Inc., 5.500%^h		825,748
	13,620	Morgan Stanley, 6.875%^h		400,837
	22,200	Morgan Stanley, 7.125%^h		655,122
	15,500	PNC Financial Services Group, Inc., 6.125%^h		452,135
	28,000	U.S. Bancorp, 6.500%^h		843,360
	1,012	Wells Fargo & Company, Convertible, 7.500%^h		1,324,303

		Total		10,218,385


	Health Care (0.2%)
	810	Allergan plc, Convertible, 5.500%		663,188
	250	Teva Pharmaceutical Industries, Ltd., Convertible, 7.000%		203,327

		Total		866,515


	Real Estate (0.1%)
	6,900	American Tower Corporation, Convertible, 5.500%		756,171

		Total		756,171


	Utilities (0.1%)
	4,500	DTE Energy Company, Convertible, 6.500%^j		234,000

		Total		234,000



		Total Preferred Stock (cost $13,046,478)		13,875,927


Shares		Collateral Held for Securities Loaned (<0.1%)	Value
	204,875	Thrivent Cash Management Trust		204,875

		Total Collateral Held for Securities Loaned (cost $204,875)		204,875


Shares or Principal Amount		Short-Term Investments (10.2%)^l	Value
		Federal Home Loan Bank Discount Notes
	100,000	0.350%, 10/3/2016		100,000
	800,000	0.275%, 10/19/2016^m		799,933
	100,000	0.375%, 10/21/2016^m		99,990
	200,000	0.300%, 10/26/2016^m		199,976
	100,000	0.255%, 11/25/2016^m		99,968
		Thrivent Core Short-Term Reserve Fund
	5,431,242	0.750%		54,312,425

		Total Short-Term Investments (cost $55,612,212)		55,612,292

		Total Investments (cost $563,298,506) 105.6%		$576,166,397

		Other Assets and Liabilities, Net (5.6%)		(30,472,064)

		Total Net Assets 100.0%		$545,694,333

a	The stated interest rate represents the weighted average of all contracts within the bank loan facility.

b	All or a portion of the loan is unfunded.

c	Denotes investments purchased on a when-issued or delayed delivery basis.

d	In bankruptcy. Interest is not being accrued.

e	Denotes variable rate securities. Variable rate securities are securities whose yields vary with a designated market index or market rate. The rate shown is as of September 30, 2016.

g	Denotes step coupon securities. Step coupon securities pay an initial coupon rate for the first period and then different coupon rates for following periods. The rate shown is as of September 30, 2016.

h	Denotes perpetual securities. Perpetual securities pay an indefinite stream of interest, but may be called by the issuer at an earlier date.

j	Non-income producing security.

k	All or a portion of the security is on loan.

l	The interest rate shown reflects the yield, coupon rate or the discount rate at the date of purchase.

m	All or a portion of the security is held on deposit with the counterparty and pledged as the initial margin deposit for open futures contracts.

Denotes restricted securities. Restricted securities are investment securities which have been deemed illiquid and cannot be offered for public sale without first being registered under the Securities Act of 1933. The value of all restricted securities held in Diversified Income Plus Portfolio as of September 30, 2016 was $15,830,612 or 2.9% of total net assets. The following table indicates the acquisition date and cost of restricted securities shown in the schedule as of September 30, 2016.


Security	Acquisition Date		Cost
Angel Oak Mortgage Trust, 11/25/2045		12/10/2015	$	671,755
Bayview Opportunity Master Fund Trust, 7/28/2034		3/19/2015		424,655
Citi Held For Asset Issuance, 8/15/2022		2/26/2016		947,975
COLT Mortgage Loan Trust, 9/25/2046		9/9/2016		1,232,092
Digicel, Ltd., 4/15/2021		6/9/2014		777,531
Liberty Mutual Group, Inc., 6/15/2058		1/12/2009		539,092
Marlette Funding Trust, 1/17/2023		7/20/2016		1,629,158
NCF Dealer Floorplan Master Trust, 3/21/2022		4/8/2016		735,453
NRZ Advance Receivables Trust Advance Receivables Backed, 6/15/2049		6/23/2016		1,299,998
Preston Ridge Partners Mortgage Trust, LLC, 9/27/2021		9/23/2016		900,000
Pretium Mortgage Credit Partners, LLC, 7/27/2031		6/17/2016		976,386
Pretium Mortgage Credit Partners, LLC, 11/27/2030		11/6/2015		1,093,268
Pretium Mortgage Credit Partners, LLC, 10/27/2030		10/6/2015		722,498
Sunset Mortgage Loan Company, LLC, 7/16/2047		7/27/2016		500,755
Sunset Mortgage Loan Company, LLC, 9/18/2045		10/2/2015		742,119
US Residential Opportunity Fund Trust, 7/27/2036		7/20/2016		1,131,313
Vericrest Opportunity Loan Transferee, 10/25/2058		2/6/2015		1,014,914
Vericrest Opportunity Loan Transferee, 2/25/2055		2/25/2015		296,366

The following table presents the total amount of securities loaned with continuous maturity, by type, offset by the gross payable upon return of collateral for securities loaned by Thrivent Diversified Income Plus Portfolio as of September 30, 2016:


Securities Lending Transactions
Common Stock	$	196,795
Total lending	$	196,795
Gross amount payable upon return of collateral for securities loaned	$	204,875
Net amounts due to counterparty	$	8,080

Definitions:


ADR	-	American Depositary Receipt, which are certificates for an underlying foreign security’s shares held by an issuing U.S. depository bank.
ETF	-	Exchange Traded Fund.
REIT	-	Real Estate Investment Trust is a company that buys, develops, manages and/or sells real estate assets.


Unrealized Appreciation (Depreciation)
Gross unrealized appreciation and depreciation of investments, based on cost for federal income tax purposes, were as follows:

Gross unrealized appreciation	$	24,798,147
Gross unrealized depreciation		(11,930,256)

Net unrealized appreciation (depreciation)	$	12,867,891

Cost for federal income tax purposes	$	563,298,506

The following table is a summary of the inputs used, as of September 30, 2016, in valuing Diversified Income Plus Portfolio's assets carried at fair value.

There were no significant transfers between Levels during the period ended September 30, 2016. Transfers between Levels are identified as of the end of the period.

The following table presents Diversified Income Plus Portfolio's futures contracts held as of September 30, 2016. Investments and/or cash totaling $1,199,867 were pledged as the initial margin deposit for these contracts.

A summary of transactions for the fiscal year to date, in Diversified Income Plus Portfolio, is as follows:


Principal Amount		Bank Loans (26.1%)^a	Value
	Basic Materials (1.6%)
		Chemours Company, Term Loan
	$349,085	3.750%, 5/12/2022^b,c		$345,378
		Fortescue Metals Group, Ltd., Term Loan
	663,210	3.750%, 6/30/2019		662,301
		Ineos US Finance, LLC, Term Loan
	734,341	3.750%, 12/15/2020		735,626
		Tronox Pigments BV, Term Loan
	409,691	4.500%, 3/19/2020		405,082

		Total		2,148,387


	Capital Goods (1.6%)
		Accudyne Industries, LLC, Term Loan
	221,712	4.000%, 12/13/2019		206,931
		ADS Waste Holdings, Inc., Term Loan
	239,979	3.750%, 10/9/2019		240,092
		Cortes NP Acquisition Corporation, Term Loan
	1,025,000	0.000%, 10/3/2023^b,c		1,001,937
		HD Supply, Inc., Term Loan
	115,000	0.000%, 10/16/2023^b,c		115,144
		Rexnord, LLC, Term Loan
	187,781	4.000%, 8/21/2020		187,946
		Reynolds Group, Inc., Term Loan
	350,000	0.000%, 2/5/2023^b,c		350,983

		Total		2,103,033


	Communications Services (7.6%)
		Atlantic Broadband Penn, LLC, Term Loan
	76,805	3.250%, 11/30/2019		76,805
		Birch Communication Inc., Term Loan
	409,167	7.750%, 7/17/2020		313,013
		Block Communications, Inc., Term Loan
	396,969	4.088%, 11/7/2021		398,954
		Charter Communications Operating, LLC, Term Loan
	244,318	3.000%, 7/1/2020		244,961
	218,900	3.500%, 1/24/2023		220,207
		Cincinnati Bell, Inc., Term Loan
	250,002	4.000%, 9/10/2020		250,752
		CSC Holdings, LLC, Term Loan
	473,813	5.000%, 10/9/2022		474,305
		FairPoint Communications, Inc., Term Loan
	431,462	7.500%, 2/14/2019		431,229
		Grande Communications Networks, LLC, Term Loan
	246,721	4.500%, 5/29/2020		246,721
		Hargray Communications Group, Inc., Term Loan
	217,088	5.250%, 6/26/2019		217,994
		Integra Telecom Holdings, Inc., Term Loan
	241,471	5.250%, 8/14/2020		239,660
		Intelsat Jackson Holdings SA, Term Loan
	160,000	3.750%, 6/30/2019		151,963
		Level 3 Communications, Inc., Term Loan
	280,000	4.000%, 8/1/2019		281,050


Principal Amount		Bank Loans (26.1%)^a	Value
	Communications Services (7.6%) - continued
		Liberty Cablevision of Puerto Rico, LLC, Term Loan
	$475,000	4.500%, 1/7/2022		$468,174
		LTS Buyer, LLC, Term Loan
	270,900	4.088%, 4/13/2020		270,816
		NEP/NCP Holdco, Inc., Term Loan
	748,087	0.000%, 1/22/2020^b,c		744,346
		Nexstar Broadcasting, Inc., Term Loan
	510,000	0.000%, 9/26/2023^b,c		512,336
		Numericable US, LLC, Term Loan
	263,675	4.752%, 2/10/2023		265,405
	394,138	5.002%, 1/15/2024		397,685
		SBA Senior Finance II, LLC, Term Loan
	733,125	3.340%, 3/24/2021		734,408
	217,250	3.340%, 6/10/2022		217,341
		TNS, Inc., Term Loan
	54,235	5.000%, 2/14/2020		54,540
		Univision Communications, Inc., Term Loan
	246,554	4.000%, 3/1/2020		246,978
		Virgin Media Investment Holdings, Ltd., Term Loan
	171,697	3.649%, 6/30/2023		172,380
		WideOpenWest Finance, LLC, Term Loan
	925,000	4.500%, 8/18/2023		920,569
		WMG Acquisition Corporation, Term Loan
	141,362	3.750%, 7/1/2020		141,186
		XO Communications, LLC, Term Loan
	682,500	4.250%, 3/20/2021		683,640
		Yankee Cable Acquisition, LLC, Term Loan
	234,013	4.250%, 3/1/2020		233,868
		Zayo Group, LLC, Term Loan
	359,290	3.750%, 5/6/2021		360,788

		Total		9,972,074


	Consumer Cyclical (4.2%)
		Amaya BV, Term Loan
	625,761	5.000%, 8/1/2021		624,979
		Boyd Gaming Corporation, Term Loan
	370,000	3.524%, 9/15/2023		372,590
		Burlington Coat Factory Warehouse Corporation, Term Loan
	249,141	3.500%, 8/13/2021		250,803
		Cengage Learning Acquisitions, Term Loan
	573,563	5.250%, 6/7/2023		572,846
		Ceridian HCM Holding, Inc., Term Loan
	131,983	4.500%, 9/15/2020		128,849
		Golden Nugget, Inc., Term Loan
	140,000	0.000%, 11/21/2019^b,c		140,700
	154,779	0.000%, 11/21/2019		155,553
		Golden Nugget, Inc., Term Loan Delayed Draw
	60,000	0.000%, 11/21/2019^b,c		60,300
	66,334	0.000%, 11/21/2019		66,665
		IMG Worldwide, Inc., Term Loan
	415,282	5.250%, 5/6/2021		416,424
	225,000	8.250%, 5/6/2022		224,579


Principal Amount		Bank Loans (26.1%)^a	Value
	Consumer Cyclical (4.2%) - continued
		KAR Auction Services, Inc., Term Loan
	$378,100	4.375%, 3/9/2023		$382,826
		Michaels Stores, Inc., Term Loan
	325,000	0.000%, 1/30/2023^b,c		326,219
		Mohegan Tribal Gaming Authority, Term Loan
	399,482	5.500%, 6/15/2018		399,083
	425,000	0.000%, 9/30/2023^b,c		422,344
		Scientific Games International, Inc., Term Loan
	247,987	6.000%, 10/18/2020		248,684
	645,390	6.000%, 10/1/2021		646,377
		Seminole Hard Rock Entertainment, Inc., Term Loan
	117,273	3.588%, 5/14/2020		117,419

		Total		5,557,240


	Consumer Non-Cyclical (4.5%)
		Air Medical Group Holdings, Inc., Term Loan
	321,694	5.000%, 4/28/2022		323,302
		Albertson's, LLC, Term Loan
	79,600	4.750%, 12/21/2022		80,347
	457,143	4.750%, 6/22/2023		461,509
		CHS/Community Health Systems, Inc., Term Loan
	748,106	0.000%, 1/27/2021^b,c		733,892
		Endo Luxembourg Finance I Co Sarl, Term Loan
	362,262	3.750%, 9/26/2022		361,255
		JBS USA, LLC, Term Loan
	343,532	3.750%, 5/25/2018		342,958
	208,425	4.000%, 10/30/2022		208,165
		LTF Merger Sub, Inc., Term Loan
	397,903	4.250%, 6/10/2022		397,975
		Mallinckrodt International Finance SA, Term Loan
	153,823	3.588%, 3/19/2021		153,775
		McGraw-Hill Global Education Holdings, LLC, Term Loan
	463,837	5.000%, 5/4/2022		466,273
		MultiPlan, Inc., Term Loan
	526,225	5.000%, 6/7/2023		532,555
		Ortho-Clinical Diagnostics, Inc., Term Loan
	434,245	4.750%, 6/30/2021		424,114
		Revlon Consumer Products Corporation, Term Loan
	245,000	4.250%, 9/7/2023		245,333
		Valeant Pharmaceuticals International, Inc., Term Loan
	1,135,859	5.500%, 4/1/2022^b,c		1,138,812

		Total		5,870,265


	Energy (1.1%)
		Arch Coal, Inc., Term Loan
	272,944	7.500%, 5/16/2018^d		208,346
		Exgen Renewables I, LLC, Term Loan
	268,621	5.250%, 2/8/2021		270,972
		Houston Fuel Oil Terminal, LLC, Term Loan
	233,807	4.250%, 8/19/2021		229,131


Principal Amount		Bank Loans (26.1%)^a	Value
	Energy (1.1%) - continued
		McJunkin Red Man Corporation, Term Loan
	$172,392	5.000%, 11/8/2019		$167,939
		MEG Energy Corporation, Term Loan
	255,311	3.750%, 3/31/2020		237,651
		Pacific Drilling SA, Term Loan
	246,713	4.500%, 6/3/2018		67,969
		Targa Resources Partners, LP, Term Loan
	57,000	5.750%, 2/27/2022		57,000
		Western Refining, Inc., Term Loan
	114,120	5.250%, 11/12/2020		113,764
	119,700	5.500%, 6/23/2023		119,401

		Total		1,472,173


	Financials (1.5%)
		Delos Finance Sarl, Term Loan
	125,000	3.588%, 3/6/2021		125,834
		Harland Clarke Holdings Corporation, Term Loan
	127,028	7.000%, 5/22/2018		125,335
	365,625	7.000%, 12/31/2019		358,221
		MoneyGram International, Inc., Term Loan
	408,940	4.250%, 3/27/2020		395,650
		TransUnion, LLC, Term Loan
	526,889	3.588%, 4/9/2021		528,206
		WaveDivision Holdings, LLC, Term Loan
	385,783	4.000%, 10/15/2019		385,621

		Total		1,918,867


	Technology (3.0%)
		Avago Technoligies Cayman Finance, Ltd., Term Loan
	573,511	3.524%, 2/1/2023		580,044
		First Data Corporation, Term Loan
	235,809	4.525%, 3/24/2021		237,445
	120,000	4.275%, 7/8/2022		120,630
		JDA Software Group, Inc., Term Loan
	450,000	0.000%, 9/21/2023^b,c		450,112
		Micron Technology, Inc., Term Loan
	229,425	6.530%, 4/26/2022		231,761
		NXP BV, Term Loan
	280,000	0.000%, 12/7/2020^b,c		280,980
		ON Semiconductor Corporation, Term Loan
	950,000	3.776%, 9/19/2023^b,c		953,904
		SS&C European Holdings SARL, Term Loan
	11,044	4.000%, 7/8/2022		11,120
	88,872	4.000%, 7/8/2022		89,484
		Versum Materials, Inc., Term Loan
	280,000	0.000%, 9/21/2023^b,c		281,168
		Western Digital Corporation, Term Loan
	723,188	4.500%, 4/29/2023		729,971

		Total		3,966,619


	Transportation (0.9%)
		OSG Bulk Ships, Inc., Term Loan
	434,381	5.250%, 8/5/2019		432,752


Principal Amount		Bank Loans (26.1%)^a	Value
	Transportation (0.9%) - continued
		XPO Logistics, Inc., Term Loan
	$741,292	4.250%, 10/30/2021		$745,154

		Total		1,177,906


	Utilities (0.1%)
		Intergen NV, Term Loan
	206,918	5.500%, 6/12/2020		194,503

		Total		194,503



		Total Bank Loans (cost $34,486,115)		34,381,067


Principal Amount		Long-Term Fixed Income (57.5%)	Value
	Asset-Backed Securities (4.0%)
		Asset Backed Securities Corporation Home Equity Loan Trust
	174,060	0.665%, 7/25/2036^e		156,654
		Bayview Opportunity Master Fund Trust
	41,805	3.623%, 4/28/2030^f		41,607
	244,737	3.721%, 7/28/2035^f,g		244,563
		CAM Mortgage, LLC
	28,825	3.500%, 7/15/2064^*,g		28,824
		Citi Held For Asset Issuance
	213,001	4.480%, 8/15/2022^*		214,826
		Countrywide Asset-Backed Certificates
	1,406	5.301%, 4/25/2047		1,403
		Credit Based Asset Servicing and Securitization, LLC
	105,085	5.501%, 12/25/2036^g		78,142
		DRB Prime Student Loan Trust
	95,487	2.890%, 6/25/2040^f		95,329
		Earnest Student Loan Program, LLC
	270,879	2.680%, 7/25/2035^f		270,062
		First Horizon ABS Trust
	159,399	0.685%, 10/25/2034^e,h		147,474
		GMAC Mortgage Corporation Loan Trust
	271,195	1.024%, 8/25/2035^e,h		254,203
	44,825	3.563%, 9/19/2035		42,094
		GSAA Home Equity Trust
	332,068	0.795%, 7/25/2037^e		295,474
		Impac CMB Trust
	201,573	1.045%, 4/25/2035^e		183,913
	36,205	1.165%, 8/25/2035^e		31,732
		J.P. Morgan Mortgage Acquisition Trust
	138,467	6.472%, 3/25/2047^g		96,571
		Lehman XS Trust
	176,707	5.440%, 8/25/2035^g		155,228
		Marlette Funding Trust
	325,929	3.060%, 1/17/2023^*		326,302
		Merrill Lynch Mortgage Investors Trust
	257,092	2.823%, 6/25/2035		169,940
		MLCC Mortgage Investors, Inc.
	120,236	1.185%, 9/25/2029^e		119,111
		NCF Dealer Floorplan Master Trust
	150,000	3.782%, 3/21/2022^*,e		147,272
		NRZ Advance Receivables Trust Advance Receivables Backed
	300,000	2.751%, 6/15/2049^*		300,117


Principal Amount		Long-Term Fixed Income (57.5%)	Value
	Asset-Backed Securities (4.0%) - continued
		Popular ABS Mortgage Pass-Through Trust
	$100,000	5.297%, 11/25/2035^g		$95,283
		Preston Ridge Partners Mortgage Trust, LLC
	200,000	4.000%, 9/27/2021^*,g		200,400
		Pretium Mortgage Credit Partners, LLC
	180,783	4.125%, 10/27/2030^*		181,738
	195,277	7.125%, 7/27/2031^*,g		195,862
		Renaissance Home Equity Loan Trust
	236,541	5.797%, 8/25/2036^g		146,644
	188,425	5.285%, 1/25/2037^g		102,295
		Sunset Mortgage Loan Company, LLC
	123,687	4.459%, 9/18/2045^*,g		123,555
	95,382	3.844%, 7/16/2047^*,g		95,405
		United Airlines Pass Through Trust
	35,000	3.700%, 12/1/2022		37,100
		US Residential Opportunity Fund Trust
	245,938	3.475%, 7/27/2036^*		246,418
		Vericrest Opportunity Loan Transferee
	82,720	3.375%, 10/25/2058^*,g		82,555
	105,162	3.500%, 6/26/2045^f		105,169
	105,339	3.625%, 7/25/2045^f,g		105,506
		Wachovia Asset Securitization, Inc.
	309,614	0.665%, 7/25/2037^*,e,h		257,973

		Total		5,376,744


	Basic Materials (0.6%)
		Albemarle Corporation
	46,000	3.000%, 12/1/2019		47,459
		Alcoa Netherlands Holding BV
	75,000	6.750%, 9/30/2024^f		77,906
		ArcelorMittal SA
	120,000	6.500%, 3/1/2021		133,500
		Dow Chemical Company
	24,000	8.550%, 5/15/2019		28,148
		First Quantum Minerals, Ltd.
	130,000	7.000%, 2/15/2021^f		116,350
		Glencore Funding, LLC
	30,000	1.739%, 4/16/2018^e,f		29,663
		INEOS Group Holdings SA
	250,000	5.625%, 8/1/2024^f		245,313
		LyondellBasell Industries NV
	26,000	5.000%, 4/15/2019		27,906
		NOVA Chemicals Corporation
	97,215	5.250%, 8/1/2023^f		99,402

		Total		805,647


	Capital Goods (1.6%)
		AECOM
	180,000	5.875%, 10/15/2024		192,150
		Berry Plastics Corporation
	95,000	6.000%, 10/15/2022		100,225
		Building Materials Corporation of America
	175,000	6.000%, 10/15/2025^f		187,250
		Cemex SAB de CV
	130,000	5.700%, 1/11/2025^f		131,586
		CNH Industrial Capital, LLC
	195,000	4.375%, 11/6/2020		203,775


Principal Amount		Long-Term Fixed Income (57.5%)	Value
	Capital Goods (1.6%) - continued
		Crown Americas Capital Corporation IV
	$120,000	4.500%, 1/15/2023		$124,500
		General Electric Company
	53,000	5.000%, 12/29/2049ⁱ		56,363
		Huntington Ingalls Industries, Inc.
	155,000	5.000%, 12/15/2021^f		162,750
		L-3 Communications Corporation
	75,000	4.950%, 2/15/2021		82,773
		Lockheed Martin Corporation
	35,000	2.500%, 11/23/2020		36,130
		Owens-Brockway Glass Container, Inc.
	155,000	5.000%, 1/15/2022^f		164,396
		Reynolds Group Issuer, Inc.
	240,000	5.125%, 7/15/2023^f		247,800
		Roper Industries, Inc.
	34,000	2.050%, 10/1/2018		34,359
		Sealed Air Corporation
	155,000	4.875%, 12/1/2022^f		162,750
		United Rentals North America, Inc.
	170,000	5.500%, 7/15/2025		173,400

		Total		2,060,207


	Collateralized Mortgage Obligations (5.5%)
		Alternative Loan Trust
	33,140	5.500%, 5/25/2035		33,056
		American Home Mortgage Assets Trust
	126,362	1.467%, 9/25/2046^e		87,106
	221,879	0.715%, 12/25/2046^e		148,844
		Angel Oak Mortgage Trust
	160,976	4.500%, 11/25/2045^*,g		161,429
		Bayview Opportunity Master Fund Trust
	292,673	3.475%, 7/28/2031^f		292,458
		Bear Stearns Adjustable Rate Mortgage Trust
	157,105	2.830%, 10/25/2035^e		151,219
		Bear Stearns ALT-A Trust
	124,572	3.071%, 10/25/2033		121,470
	111,735	3.025%, 6/25/2034		110,206
		CitiMortgage Alternative Loan Trust
	252,751	5.750%, 4/25/2037		216,924
		COLT Mortgage Loan Trust
	300,000	2.750%, 9/25/2046^*		301,742
		Countrywide Alternative Loan Trust
	140,377	5.750%, 8/25/2035		123,507
	153,863	5.500%, 10/25/2035		143,473
	53,633	5.500%, 2/25/2036		48,638
	78,913	6.000%, 1/25/2037		75,530
	172,649	5.500%, 5/25/2037		141,800
		Deutsche Alt-A Securities, Inc., Mortgage Loan Trust
	114,128	1.277%, 4/25/2047^e		96,989
		First Horizon Alternative Mortgage Securities Trust
	204,584	2.752%, 7/25/2035		184,345
		GMAC Mortgage Corporation Loan Trust
	143,770	3.407%, 5/25/2035		132,569
		HarborView Mortgage Loan Trust
	107,150	3.232%, 12/19/2035		93,119
		IndyMac INDA Mortgage Loan Trust
	154,844	3.180%, 8/25/2036		147,076


Principal Amount		Long-Term Fixed Income (57.5%)	Value
	Collateralized Mortgage Obligations (5.5%) - continued
		IndyMac INDX Mortgage Loan Trust
	$183,337	0.735%, 4/25/2046^e		$134,725
		J.P. Morgan Alternative Loan Trust
	127,449	6.500%, 3/25/2036		104,995
		J.P. Morgan Mortgage Trust
	102,510	6.500%, 1/25/2035		97,204
	78,033	2.713%, 6/25/2035		77,507
	67,443	2.959%, 6/25/2035		67,631
	110,970	2.980%, 7/25/2035		108,399
	152,027	3.229%, 8/25/2035		150,597
	207,815	2.812%, 6/25/2036		187,118
	43,455	3.069%, 10/25/2036		39,256
		MASTR Alternative Loans Trust
	102,821	5.000%, 9/25/2019		104,267
		Morgan Stanley Mortgage Loan Trust
	107,739	2.866%, 11/25/2035		78,026
		MortgageIT Trust
	199,352	0.785%, 12/25/2035^e		178,309
		Pretium Mortgage Credit Partners, LLC
	182,384	4.375%, 11/27/2030^*		183,911
		Residential Accredit Loans, Inc. Trust
	9,007	5.500%, 12/25/2034		9,002
	117,910	3.950%, 9/25/2035		99,622
		Sequoia Mortgage Trust
	180,674	1.152%, 11/20/2034^e		169,155
		Structured Adjustable Rate Mortgage Loan Trust
	158,058	2.926%, 1/25/2035		129,180
		Structured Asset Mortgage Investments, Inc.
	362,322	0.835%, 12/25/2035^e		252,924
		Vericrest Opportunity Loan Transferee
	298,322	3.500%, 7/25/2046^f,g		298,519
		WaMu Mortgage Pass Through Certificates
	102,650	5.000%, 11/25/2018		104,430
	166,833	2.733%, 8/25/2036		151,344
	111,570	2.575%, 10/25/2036		97,198
	191,755	2.026%, 1/25/2037		162,401
	35,361	2.802%, 8/25/2046		30,771
	240,118	1.467%, 9/25/2046^e		197,189
	135,192	1.237%, 1/25/2047^e		121,619
	148,967	1.247%, 1/25/2047^e		116,151
		Washington Mutual Mortgage Pass Through Certificates Trust
	185,628	1.257%, 2/25/2047^e		138,286
		Wells Fargo Mortgage Backed Securities Trust
	193,382	3.027%, 10/25/2036		179,487
	160,420	2.894%, 3/25/2036		160,051
	71,356	3.001%, 4/25/2036		69,596
	268,312	6.000%, 7/25/2037		266,635
	148,797	6.000%, 7/25/2037		148,500

		Total		7,225,505


	Commercial Mortgage-Backed Securities (0.1%)
		Bear Stearns Commercial Mortgage Securities Trust
	150,740	5.568%, 10/12/2041		150,712

		Total		150,712


Principal Amount		Long-Term Fixed Income (57.5%)	Value
	Communications Services (2.9%)
		Altice US Finance I Corporation
	$135,000	5.500%, 5/15/2026^f		$138,713
		AMC Networks, Inc.
	195,000	5.000%, 4/1/2024		196,219
		America Movil SAB de CV
	21,000	5.000%, 10/16/2019		22,956
		American Tower Corporation
	30,000	2.800%, 6/1/2020		30,773
		AT&T, Inc.
	29,000	5.875%, 10/1/2019		32,445
	30,000	1.768%, 6/30/2020^e		30,259
	40,000	2.800%, 2/17/2021		41,158
		British Sky Broadcasting Group plc
	36,000	2.625%, 9/16/2019^f		36,604
		CCOH Safari, LLC
	185,000	5.750%, 2/15/2026^f		196,100
		CenturyLink, Inc.
	90,000	6.450%, 6/15/2021		96,412
	25,000	7.500%, 4/1/2024		26,688
		Charter Communications Operating, LLC
	67,000	3.579%, 7/23/2020^f		70,028
	17,000	4.464%, 7/23/2022^f		18,344
		Clear Channel Worldwide Holdings, Inc.
	110,000	6.500%, 11/15/2022		114,537
		Columbus International, Inc.
	120,000	7.375%, 3/30/2021^f		127,272
		Comcast Corporation
	65,000	1.625%, 1/15/2022		64,457
		Crown Castle International Corporation
	35,000	3.400%, 2/15/2021		36,629
	45,000	2.250%, 9/1/2021		44,964
	200,000	5.250%, 1/15/2023		226,468
		CSC Holdings, LLC
	20,000	5.500%, 4/15/2027^f		20,450
		Digicel, Ltd.
	184,810	6.000%, 4/15/2021^*		163,261
		Dish DBS Corporation
	125,000	5.875%, 7/15/2022		128,466
		FairPoint Communications, Inc.
	155,000	8.750%, 8/15/2019^f		158,100
		Frontier Communications Corporation
	175,000	8.875%, 9/15/2020		188,781
		Gray Television, Inc.
	200,000	5.875%, 7/15/2026^f		201,500
		Hughes Satellite Systems Corporation
	69,000	6.500%, 6/15/2019		75,469
	250,000	6.625%, 8/1/2026^f		241,250
		Neptune Finco Corporation
	115,000	10.875%, 10/15/2025^f		134,550
		Nexstar Escrow Corporation
	235,000	5.625%, 8/1/2024^f		235,588
		SFR Group SA
	120,000	6.000%, 5/15/2022^f		122,400
		Sprint Corporation
	165,000	7.625%, 2/15/2025		163,350
		Telefonica Emisiones SAU
	30,000	3.192%, 4/27/2018		30,708
		T-Mobile USA, Inc.
	125,000	6.633%, 4/28/2021		131,562


Principal Amount		Long-Term Fixed Income (57.5%)	Value
	Communications Services (2.9%) - continued
		Univision Communications, Inc.
	$105,000	5.125%, 5/15/2023^f		$106,313
		Verizon Communications, Inc.
	55,000	1.375%, 8/15/2019		54,735
	85,000	2.625%, 2/21/2020		87,415
	40,000	4.500%, 9/15/2020		43,895

		Total		3,838,819


	Consumer Cyclical (2.8%)
		Allison Transmission, Inc.
	245,000	5.000%, 10/1/2024^f		251,125
		AmeriGas Finance, LLC
	140,000	5.625%, 5/20/2024		148,400
		BMW US Capital, LLC
	50,000	1.500%, 4/11/2019^f		50,079
		Brookfield Residential Properties, Inc.
	235,000	6.125%, 7/1/2022^f		237,350
		Cinemark USA, Inc.
	80,000	4.875%, 6/1/2023		80,400
		Corrections Corporation of America
	120,000	5.000%, 10/15/2022		108,600
		Daimler Finance North America, LLC
	21,000	1.875%, 1/11/2018^f		21,123
		eBay, Inc.
	35,000	2.500%, 3/9/2018		35,495
		ERAC USA Finance, LLC
	40,000	2.350%, 10/15/2019^f		40,638
		Ford Motor Credit Company, LLC
	38,000	5.000%, 5/15/2018		39,887
	50,000	2.597%, 11/4/2019		50,784
		General Motors Financial Company, Inc.
	50,000	3.150%, 1/15/2020		50,948
	56,000	4.375%, 9/25/2021		59,811
		GLP Capital, LP
	120,000	4.875%, 11/1/2020		129,300
		Hanesbrands, Inc.
	250,000	4.875%, 5/15/2026^f		255,625
		Home Depot, Inc.
	35,000	1.220%, 9/15/2017^e		35,096
	35,000	2.625%, 6/1/2022		36,345
		Hyundai Capital America
	28,000	1.450%, 2/6/2017^f		28,025
		Jaguar Land Rover Automotive plc
	77,000	5.625%, 2/1/2023^f		80,657
		KB Home
	71,000	4.750%, 5/15/2019		72,509
		L Brands, Inc.
	77,000	6.625%, 4/1/2021		88,742
		Lennar Corporation
	150,000	4.750%, 11/15/2022		154,875
		Live Nation Entertainment, Inc.
	240,000	5.375%, 6/15/2022^f		247,800
		Macy's Retail Holdings, Inc.
	36,000	7.450%, 7/15/2017		37,675
		MGM Resorts International
	170,000	6.000%, 3/15/2023		184,450
		Newell Rubbermaid, Inc.
	35,000	3.150%, 4/1/2021		36,465
		PulteGroup, Inc.
	235,000	4.250%, 3/1/2021		246,750
		Ralph Lauren Corporation
	35,000	2.625%, 8/18/2020		36,196


Principal Amount		Long-Term Fixed Income (57.5%)	Value
	Consumer Cyclical (2.8%) - continued
		RHP Hotel Properties, LP
	$105,000	5.000%, 4/15/2021		$108,150
		Royal Caribbean Cruises, Ltd.
	119,810	5.250%, 11/15/2022		130,293
		Six Flags Entertainment Corporation
	110,000	5.250%, 1/15/2021^f		113,575
		Toll Brothers Finance Corporation
	52,000	4.000%, 12/31/2018		53,885
		Visa, Inc.
	35,000	2.200%, 12/14/2020		35,895
		Walgreens Boots Alliance, Inc.
	35,000	1.750%, 5/30/2018		35,192
	35,000	2.600%, 6/1/2021		35,818
		West Corporation
	120,000	5.375%, 7/15/2022^f		117,600
		Yum! Brands, Inc.
	210,000	5.000%, 6/1/2024^f		219,450

		Total		3,695,008


	Consumer Non-Cyclical (2.5%)
		Actavis Funding SCS
	26,000	2.100%, 3/12/2020^e		26,437
		Anheuser-Busch InBev Finance, Inc.
	60,000	2.017%, 2/1/2021^e		61,580
	45,000	2.650%, 2/1/2021		46,435
		B&G Foods, Inc.
	70,000	4.625%, 6/1/2021		72,100
		BAT International Finance plc
	35,000	1.360%, 6/15/2018^e,f		35,113
		Baxter International, Inc.
	50,000	1.700%, 8/15/2021		49,637
		Bayer U.S. Finance, LLC
	50,000	2.375%, 10/8/2019^f		50,734
		Becton, Dickinson and Company
	32,000	1.450%, 5/15/2017		32,053
		Boston Scientific Corporation
	25,000	6.000%, 1/15/2020		28,242
		Bunge Limited Finance Corporation
	35,000	3.500%, 11/24/2020		36,607
		Cardinal Health, Inc.
	35,000	1.950%, 6/15/2018		35,331
		Celgene Corporation
	35,000	3.550%, 8/15/2022		37,187
		Cott Beverages, Inc.
	120,000	5.375%, 7/1/2022		123,600
		CVS Health Corporation
	24,000	2.250%, 12/5/2018		24,432
		EMD Finance, LLC
	19,000	1.207%, 3/17/2017^e,f		19,008
		Envision Healthcare Corporation
	155,000	5.125%, 7/1/2022^f		154,225
		Express Scripts Holding Company
	35,000	3.900%, 2/15/2022		37,765
		Forest Laboratories, Inc.
	37,000	4.375%, 2/1/2019^f		38,977
		Gilead Sciences, Inc.
	25,000	1.950%, 3/1/2022		25,055
	35,000	3.250%, 9/1/2022		37,165
		Grifols Worldwide Operations, Ltd.
	200,000	5.250%, 4/1/2022		207,000
		HCA, Inc.
	64,810	4.750%, 5/1/2023		67,564
	185,000	4.500%, 2/15/2027		186,156
		JBS USA, LLC
	170,000	5.750%, 6/15/2025^f		167,025


Principal Amount		Long-Term Fixed Income (57.5%)	Value
	Consumer Non-Cyclical (2.5%) - continued
		Kraft Heinz Foods Company
	$50,000	5.375%, 2/10/2020		$55,822
		Laboratory Corporation of America Holdings
	20,000	2.625%, 2/1/2020		20,378
		Mead Johnson Nutrition Company
	35,000	3.000%, 11/15/2020		36,453
		Merck & Company, Inc.
	20,000	1.182%, 2/10/2020^e		20,079
		Molson Coors Brewing Company
	60,000	1.450%, 7/15/2019		59,826
		Mondelez International, Inc.
	20,000	2.250%, 2/1/2019		20,344
		Mylan NV
	70,000	2.500%, 6/7/2019^f		70,622
	15,000	3.750%, 12/15/2020^f		15,666
		Pernod Ricard SA
	50,000	5.750%, 4/7/2021^f		57,594
		Perrigo Finance plc
	50,000	3.500%, 12/15/2021		51,682
		Pinnacle Foods, Inc.
	200,000	5.875%, 1/15/2024^f		213,500
		Post Holdings, Inc.
	250,000	5.000%, 8/15/2026^f		248,750
		Revlon Consumer Products Corporation
	64,810	5.750%, 2/15/2021		66,106
		Reynolds American, Inc.
	19,000	3.250%, 6/12/2020		19,989
		SABMiller plc
	30,000	6.500%, 7/15/2018^f		32,602
		Safeway, Inc.
	8,000	3.400%, 12/1/2016		7,984
		Shire Acquisitions Investments Ireland Designated Activity Company
	55,000	1.900%, 9/23/2019		54,972
		Teleflex, Inc.
	200,000	4.875%, 6/1/2026		207,000
		Tenet Healthcare Corporation
	120,000	8.125%, 4/1/2022		120,000
		Teva Pharmaceutical Finance Netherlands III BV
	45,000	1.700%, 7/19/2019		44,898
		TreeHouse Foods, Inc.
	110,000	4.875%, 3/15/2022		113,850
		Valeant Pharmaceuticals International
	64,810	7.250%, 7/15/2022^f		60,111
		WM Wrigley Jr. Company
	20,000	2.000%, 10/20/2017^f		20,140

		Total		3,217,796


	Energy (1.9%)
		Anadarko Petroleum Corporation
	40,000	8.700%, 3/15/2019		45,543
		Antero Resources Corporation
	140,000	5.125%, 12/1/2022		141,050
		Boardwalk Pipelines, LP
	29,000	5.875%, 11/15/2016		29,134
		BP Capital Markets plc
	70,000	1.676%, 5/3/2019		70,273
		Buckeye Partners, LP
	22,000	2.650%, 11/15/2018		22,220


Principal Amount		Long-Term Fixed Income (57.5%)	Value
	Energy (1.9%) - continued
		Cheniere Corpus Christi Holdings, LLC
	$250,000	7.000%, 6/30/2024^f		$270,000
		Chevron Corporation
	35,000	1.328%, 11/16/2018^e		35,088
		Concho Resources, Inc.
	189,810	6.500%, 1/15/2022		196,928
		Contura Energy, Inc.
	120,000	10.000%, 8/1/2021^f		123,600
		Crestwood Midstream Partners, LP
	110,000	6.250%, 4/1/2023		111,375
		Devon Energy Corporation
	50,000	3.250%, 5/15/2022		49,643
		Ecopetrol SA
	62,000	5.875%, 9/18/2023		66,882
		Enbridge, Inc.
	19,000	1.289%, 6/2/2017^e		18,961
		EQT Corporation
	5,000	5.150%, 3/1/2018		5,206
	26,000	8.125%, 6/1/2019		29,719
		Exxon Mobil Corporation
	55,000	1.708%, 3/1/2019		55,586
		Marathon Oil Corporation
	25,000	2.800%, 11/1/2022		23,154
		Marathon Petroleum Corporation
	35,000	3.400%, 12/15/2020		36,373
		MEG Energy Corporation
	77,000	6.375%, 1/30/2023^f		60,926
		MPLX, LP
	330,000	4.875%, 12/1/2024		341,328
		Occidental Petroleum Corporation
	45,000	2.600%, 4/15/2022		45,968
		Petrobras Global Finance BV
	26,000	8.375%, 5/23/2021		28,405
		Petroleos Mexicanos
	21,000	5.500%, 2/4/2019^f		22,145
		Pioneer Natural Resources Company
	11,000	3.450%, 1/15/2021		11,438
		Regency Energy Partners, LP
	120,000	5.000%, 10/1/2022		126,654
		Sabine Pass Liquefaction, LLC
	155,000	5.625%, 3/1/2025		166,625
		Schlumberger Holdings Corporation
	35,000	3.000%, 12/21/2020^f		36,496
		Shell International Finance BV
	30,000	1.266%, 5/11/2020^e		30,035
		Sunoco Logistics Partners Operations, LP
	35,000	4.400%, 4/1/2021		37,546
		TransCanada Trust
	150,000	5.875%, 8/15/2076		158,700
		Transcontinental Gas Pipe Line Company, LLC
	40,000	7.850%, 2/1/2026^f		51,786

		Total		2,448,787


	Financials (5.4%)
		Abbey National Treasury Services plc
	40,000	1.264%, 9/29/2017^e		39,923
		ACE INA Holdings, Inc.
	35,000	2.875%, 11/3/2022		36,768
		AerCap Ireland Capital, Ltd.
	100,000	3.950%, 2/1/2022		102,500
		Aetna, Inc.
	80,000	1.900%, 6/7/2019		80,734


Principal Amount		Long-Term Fixed Income (57.5%)	Value
	Financials (5.4%) - continued
		Air Lease Corporation
	$36,000	2.125%, 1/15/2018		$36,180
	17,000	2.625%, 9/4/2018		17,154
		Ally Financial, Inc.
	100,000	4.750%, 9/10/2018		103,500
	100,000	4.125%, 3/30/2020		101,750
		American Express Credit Corporation
	35,000	1.906%, 9/14/2020^e		35,552
		Australia and New Zealand Banking Group, Ltd.
	200,000	6.750%, 12/29/2049^f,i		219,787
		BAC Capital Trust XIV
	200,000	4.000%, 9/29/2049^e,i		162,750
		Bank of America Corporation
	44,000	5.700%, 5/2/2017		45,031
	40,000	1.700%, 8/25/2017		40,060
	76,000	1.936%, 3/22/2018^e		76,573
	15,000	5.650%, 5/1/2018		15,912
	60,000	5.625%, 7/1/2020		67,354
	40,000	2.625%, 4/19/2021		40,636
	20,000	8.000%, 7/29/2049ⁱ		20,400
		Bank of Montreal
	65,000	1.500%, 7/18/2019		64,862
		BB&T Corporation
	38,000	2.050%, 6/19/2018		38,388
		Bear Stearns Companies, LLC
	45,000	6.400%, 10/2/2017		47,134
		BNP Paribas SA
	30,000	2.375%, 9/14/2017		30,232
	200,000	7.625%, 12/29/2049^f,i		205,856
		Caisse Centrale Desjardins du Quebec
	25,000	1.417%, 1/29/2018^e,f		24,969
		Centene Escrow Corporation
	180,000	5.625%, 2/15/2021		190,800
		Central Fidelity Capital Trust I
	195,000	1.680%, 4/15/2027^e		169,650
		CIT Group, Inc.
	80,000	3.875%, 2/19/2019		81,700
		Citigroup, Inc.
	69,000	1.850%, 11/24/2017		69,215
	75,000	2.050%, 6/7/2019		75,571
	60,000	2.650%, 10/26/2020		61,289
	55,000	2.255%, 9/1/2023^e		55,263
		CNA Financial Corporation
	55,000	5.750%, 8/15/2021		63,407
		Credit Agricole SA
	25,000	1.815%, 6/10/2020^e,f		25,077
		Credit Suisse Group AG
	150,000	7.500%, 12/29/2049^f,i		152,588
		CyrusOne, LP
	64,810	6.375%, 11/15/2022		68,638
		Discover Bank
	10,000	8.700%, 11/18/2019		11,536
		Discover Financial Services
	20,000	6.450%, 6/12/2017		20,640
		Duke Realty, LP
	46,000	8.250%, 8/15/2019		53,791
		Fifth Third Bancorp
	48,000	5.450%, 1/15/2017		48,540
		Goldman Sachs Group, Inc.
	20,000	2.625%, 1/31/2019		20,409
	90,000	7.500%, 2/15/2019		101,724
	40,000	2.000%, 4/25/2019		40,266
	25,000	1.875%, 4/23/2020^e		25,155


Principal Amount		Long-Term Fixed Income (57.5%)	Value
	Financials (5.4%) - continued
	$55,000	2.241%, 11/15/2021^e		$54,739
	30,000	2.429%, 11/29/2023^e		30,510
	120,000	5.300%, 12/29/2049ⁱ		123,000
		Guardian Life Global Funding
	40,000	2.000%, 4/26/2021^f		40,355
		Hartford Financial Services Group, Inc.
	45,000	6.000%, 1/15/2019		49,043
		HCP, Inc.
	25,000	3.750%, 2/1/2019		25,881
		Health Care REIT, Inc.
	26,000	4.700%, 9/15/2017		26,776
		Hospitality Properties Trust
	40,000	4.250%, 2/15/2021		42,665
		Huntington Bancshares, Inc.
	55,000	3.150%, 3/14/2021		57,016
		Hutchison Whampoa Finance CI, Ltd.
	46,000	1.625%, 10/31/2017^f		46,031
		Icahn Enterprises, LP
	90,000	6.000%, 8/1/2020		90,450
		ILFC E-Capital Trust II
	300,000	4.250%, 12/21/2065^e,f		239,250
		ING Capital Funding Trust III
	25,000	4.438%, 12/29/2049^e,i		24,844
		International Lease Finance Corporation
	85,000	5.875%, 4/1/2019		91,056
		Intesa Sanpaolo SPA
	10,000	3.875%, 1/16/2018		10,197
	32,000	3.875%, 1/15/2019		32,949
		J.P. Morgan Chase & Company
	20,000	6.300%, 4/23/2019		22,280
	15,000	2.250%, 1/23/2020		15,197
	60,000	4.950%, 3/25/2020		66,044
	60,000	2.700%, 5/18/2023		60,619
	39,000	7.900%, 4/29/2049ⁱ		40,072
		KeyCorp
	30,000	2.300%, 12/13/2018		30,471
	65,000	5.000%, 12/29/2049ⁱ		64,025
		Liberty Mutual Group, Inc.
	10,000	5.000%, 6/1/2021^f		11,140
		Lincoln National Corporation
	65,000	6.250%, 2/15/2020		73,153
		Lloyds Bank plc
	25,000	1.374%, 3/16/2018^e		24,950
		Macquarie Bank, Ltd.
	40,000	1.860%, 1/15/2019^e,f		40,294
		MetLife, Inc.
	36,000	1.903%, 12/15/2017		36,195
		Mizuho Corporate Bank, Ltd.
	25,000	1.550%, 10/17/2017^f		24,994
		Morgan Stanley
	40,000	6.625%, 4/1/2018		42,859
	25,000	1.874%, 1/27/2020^e		25,261
	40,000	2.500%, 4/21/2021		40,500
	26,000	4.875%, 11/1/2022		28,677
		MPT Operating Partnership, LP
	110,000	5.500%, 5/1/2024		115,610
		Murray Street Investment Trust I
	60,000	4.647%, 3/9/2017		60,607
		National City Corporation
	20,000	6.875%, 5/15/2019		22,529
		New York Life Global Funding
	35,000	1.550%, 11/2/2018^f		35,180


Principal Amount		Long-Term Fixed Income (57.5%)	Value
	Financials (5.4%) - continued
		Nomura Holdings, Inc.
	$21,000	2.750%, 3/19/2019		$21,478
		Quicken Loans, Inc.
	190,000	5.750%, 5/1/2025^f		188,575
		Realty Income Corporation
	33,000	2.000%, 1/31/2018		33,221
		Regions Bank
	17,000	7.500%, 5/15/2018		18,499
		Regions Financial Corporation
	35,000	3.200%, 2/8/2021		36,385
		Reinsurance Group of America, Inc.
	40,000	5.625%, 3/15/2017		40,718
		Royal Bank of Scotland Group plc
	217,000	7.640%, 3/29/2049ⁱ		210,490
	162,000	7.648%, 8/29/2049ⁱ		193,995
		Simon Property Group, LP
	35,000	2.500%, 9/1/2020		36,078
	60,000	2.500%, 7/15/2021		61,592
		Societe Generale SA
	155,000	8.250%, 9/29/2049ⁱ		157,125
		Standard Chartered plc
	280,000	6.409%, 1/29/2049^f,i		271,600
		State Street Capital Trust IV
	411,000	1.850%, 6/15/2037^e		353,460
		State Street Corporation
	35,000	1.701%, 8/18/2020^e		35,330
		Sumitomo Mitsui Banking Corporation
	60,000	1.300%, 1/10/2017		60,021
	25,000	1.268%, 1/16/2018^e		25,009
		SunTrust Banks, Inc.
	35,000	2.900%, 3/3/2021		36,422
		Synchrony Financial
	56,000	1.875%, 8/15/2017		56,113
	15,000	1.989%, 2/3/2020^e		14,674
		Toronto-Dominion Bank
	40,000	1.542%, 1/22/2019^e		40,290
	35,000	1.786%, 12/14/2020^e		35,312
		UnitedHealth Group, Inc.
	35,000	3.350%, 7/15/2022		37,583
		USB Realty Corporation
	195,000	1.827%, 12/29/2049^e,f,i		175,012
		Voya Financial, Inc.
	30,000	2.900%, 2/15/2018		30,563
		Wells Fargo & Company
	25,000	1.432%, 1/30/2020^e		24,931
	35,000	2.100%, 7/26/2021		34,880
		Westpac Banking Corporation
	75,000	1.661%, 8/19/2021^e		75,235

		Total		7,159,274


	Foreign Government (13.7%)
		Argentina Government International Bond
	230,000	6.250%, 4/22/2019^f		243,915
	140,000	7.500%, 4/22/2026^f		157,920
		Brazil Government International Bond
	431,000	4.875%, 1/22/2021		460,093
	460,000	2.625%, 1/5/2023		425,500
	100,000	6.000%, 4/7/2026		110,750
	240,000	7.125%, 1/20/2037		282,000
	288,000	5.000%, 1/27/2045		261,360
	200,000	5.625%, 2/21/2047		197,500


Principal Amount		Long-Term Fixed Income (57.5%)	Value
	Foreign Government (13.7%) - continued
		Colombia Government International Bond
	$240,000	4.375%, 7/12/2021		$259,920
	205,000	2.625%, 3/15/2023		202,232
	180,000	4.000%, 2/26/2024		191,700
	150,000	5.625%, 2/26/2044		173,625
	288,000	5.000%, 6/15/2045		311,760
		Croatia Government International Bond
	48,000	6.750%, 11/5/2019^f		53,223
	255,000	6.625%, 7/14/2020^f		285,728
	150,000	6.000%, 1/26/2024^f		172,500
		Export-Import Bank of Korea
	25,000	2.250%, 1/21/2020		25,468
		Hungary Government International Bond
	96,000	6.375%, 3/29/2021		111,240
	386,000	5.750%, 11/22/2023		454,515
	334,000	5.375%, 3/25/2024		387,871
		Indonesia Government International Bond
	240,000	4.875%, 5/5/2021^f		264,039
	225,000	3.375%, 4/15/2023^f		231,830
	282,000	5.875%, 1/15/2024^f		332,553
	210,000	4.125%, 1/15/2025^f		224,030
	200,000	4.750%, 1/8/2026^f		223,380
	200,000	8.500%, 10/12/2035^f		302,718
	480,000	5.125%, 1/15/2045^f		547,355
		Mexico Government International Bond
	200,000	4.350%, 1/15/2047		196,500
	50,000	5.750%, 10/12/2110		52,875
	144,000	3.625%, 3/15/2022		151,740
	284,000	4.000%, 10/2/2023		303,454
	322,000	3.600%, 1/30/2025		333,672
	411,000	4.125%, 1/21/2026		442,031
	96,000	6.750%, 9/27/2034		126,960
	120,000	6.050%, 1/11/2040		146,100
	230,000	4.750%, 3/8/2044		238,337
	188,000	5.550%, 1/21/2045		217,845
	329,000	4.600%, 1/23/2046		333,524
		Panama Government International Bond
	146,000	4.000%, 9/22/2024		159,687
	173,000	3.750%, 3/16/2025		186,624
	190,000	6.700%, 1/26/2036		259,350
		Peru Government International Bond
	105,000	5.625%, 11/18/2050		138,862
	288,000	4.125%, 8/25/2027		329,040
	245,000	8.750%, 11/21/2033		397,512
		Philippines Government International Bond
	125,000	7.750%, 1/14/2031		194,841
	110,000	6.375%, 10/23/2034		159,883
	92,000	5.000%, 1/13/2037		118,661
	184,000	3.950%, 1/20/2040		210,157
	500,000	3.700%, 3/1/2041		553,261
		Romania Government International Bond
	148,000	4.375%, 8/22/2023^f		163,762
	80,000	4.875%, 1/22/2024^f		91,457
	110,000	6.125%, 1/22/2044^f		148,500
		Russia Government International Bond
	188,000	3.500%, 1/16/2019^f		191,960


Principal Amount		Long-Term Fixed Income (57.5%)	Value
	Foreign Government (13.7%) - continued
	$700,000	5.000%, 4/29/2020^f		$755,006
	560,000	4.875%, 9/16/2023^f		615,720
	251,450	7.500%, 3/31/2030^f		305,010
	282,000	5.625%, 4/4/2042^f		325,640
		South Africa Government International Bond
	55,000	5.500%, 3/9/2020		59,986
	145,000	5.875%, 5/30/2022		163,850
	315,000	4.300%, 10/12/2028^c		309,963
	46,000	5.375%, 7/24/2044		49,979
		Turkey Government International Bond
	102,000	7.500%, 11/7/2019		113,444
	240,000	7.000%, 6/5/2020		265,560
	295,000	5.125%, 3/25/2022		306,800
	188,000	6.250%, 9/26/2022		206,330
	94,000	5.750%, 3/22/2024		101,227
	288,000	4.250%, 4/14/2026		281,681
	200,000	4.875%, 10/9/2026		203,500
	307,000	6.875%, 3/17/2036		358,300
	384,000	4.875%, 4/16/2043		358,353
	421,000	6.625%, 2/17/2045		490,705

		Total		18,012,374


	Mortgage-Backed Securities (12.1%)
		Federal Home Loan Mortgage Corporation Gold 15-Yr. Pass Through
	850,000	3.000%, 10/1/2031^c		892,815
		Federal Home Loan Mortgage Corporation Gold 20-Yr. Pass Through
	30,294	5.500%, 9/1/2024		33,973
		Federal Home Loan Mortgage Corporation Gold 30-Yr. Pass Through
	750,000	4.000%, 10/1/2046^c		804,478
		Federal National Mortgage Association Conventional 15-Yr. Pass Through
	1,950,000	2.500%, 10/1/2031^c		2,019,721
		Federal National Mortgage Association Conventional 20-Yr. Pass Through
	222,756	6.000%, 8/1/2024		254,999
		Federal National Mortgage Association Conventional 30-Yr. Pass Through
	1,800,000	3.000%, 10/1/2046^c		1,870,805
	5,100,000	3.500%, 10/1/2046^c		5,381,297
	3,000,000	4.000%, 10/1/2046^c		3,221,953
	1,325,000	4.500%, 10/1/2046^c		1,451,051

		Total		15,931,092


	Technology (1.3%)
		Alliance Data Systems Corporation
	75,000	5.375%, 8/1/2022^f		73,125
		Apple, Inc.
	30,000	1.117%, 5/6/2020^e		29,946
		Automatic Data Processing, Inc.
	35,000	2.250%, 9/15/2020		36,097
		Cisco Systems, Inc.
	40,000	1.411%, 2/21/2018^e		40,232
	35,000	1.342%, 3/1/2019^e		35,230


Principal Amount		Long-Term Fixed Income (57.5%)	Value
	Technology (1.3%) - continued
		CommScope Technologies Finance, LLC
	$130,000	6.000%, 6/15/2025^f		$138,613
		Diamond 1 Finance Corporation
	35,000	3.480%, 6/1/2019^f		35,996
		Equinix, Inc.
	155,000	5.750%, 1/1/2025		164,688
		Fidelity National Information Services, Inc.
	37,000	1.450%, 6/5/2017		37,012
	35,000	3.625%, 10/15/2020		37,123
	75,000	2.250%, 8/15/2021		75,434
		First Data Corporation
	110,000	5.375%, 8/15/2023^f		113,300
		Hewlett Packard Enterprise Company
	58,000	3.600%, 10/15/2020^f,g		60,855
		IMS Health, Inc.
	75,000	6.000%, 11/1/2020^f		76,125
		Intel Corporation
	60,000	1.700%, 5/19/2021		60,474
	35,000	3.100%, 7/29/2022		37,383
		Iron Mountain, Inc.
	64,810	6.000%, 8/15/2023		69,185
		NXP BV
	170,000	3.875%, 9/1/2022^f		178,075
		Oracle Corporation
	30,000	2.500%, 5/15/2022		30,794
		Plantronics, Inc.
	200,000	5.500%, 5/31/2023^f		206,000
		Sensata Technologies BV
	130,000	4.875%, 10/15/2023^f		135,200
		Texas Instruments, Inc.
	30,000	1.750%, 5/1/2020		30,403
		Tyco Electronics Group SA
	38,000	6.550%, 10/1/2017		39,926

		Total		1,741,216


	Transportation (0.4%)
		Air Canada Pass Through Trust
	13,974	3.875%, 3/15/2023^f		13,590
		American Airlines Pass Through Trust
	15,982	4.950%, 1/15/2023		17,381
		Avis Budget Car Rental, LLC
	105,000	5.125%, 6/1/2022^f		105,328
		Continental Airlines, Inc.
	45,104	6.250%, 4/11/2020		48,374
		Delta Air Lines, Inc.
	20,794	4.950%, 5/23/2019		21,885
		ERAC USA Finance, LLC
	65,000	2.600%, 12/1/2021^f		66,252
		J.B. Hunt Transport Services, Inc.
	35,000	3.300%, 8/15/2022		36,590
		Korea Expressway Corporation
	33,000	1.625%, 4/28/2017^f		33,018
		XPO Logistics, Inc.
	200,000	6.500%, 6/15/2022^f		208,500

		Total		550,918


	U.S. Government and Agencies (1.6%)
		U.S. Treasury Notes
	925,000	1.125%, 8/31/2021		924,060
	1,070,000	2.125%, 6/30/2022		1,119,195
	100,000	1.625%, 2/15/2026		100,172

		Total		2,143,427


Principal Amount		Long-Term Fixed Income (57.5%)	Value
	Utilities (1.1%)
		AES Corporation
	$64,810	7.375%, 7/1/2021		$74,369
		Ameren Corporation
	35,000	2.700%, 11/15/2020		36,086
		Arizona Public Service Company
	20,000	2.200%, 1/15/2020		20,468
		Berkshire Hathaway Energy Company
	48,000	2.400%, 2/1/2020		49,167
		Calpine Corporation
	100,000	6.000%, 1/15/2022^f		104,750
	120,000	5.375%, 1/15/2023		119,550
		Dominion Resources, Inc.
	25,000	1.600%, 8/15/2019		24,953
		DTE Energy Company
	46,000	2.400%, 12/1/2019		46,916
		Dynegy, Inc.
	140,000	7.375%, 11/1/2022		138,250
		El Paso Corporation
	18,000	7.000%, 6/15/2017		18,627
		Emera U.S. Finance, LP
	40,000	2.150%, 6/15/2019^f		40,438
		Energy Transfer Equity, LP
	170,000	5.500%, 6/1/2027		169,150
		Eversource Energy
	15,000	1.600%, 1/15/2018		15,061
		Exelon Generation Company, LLC
	20,000	5.200%, 10/1/2019		21,971
	15,000	2.950%, 1/15/2020		15,460
		Fortis, Inc.
	55,000	2.100%, 10/4/2021^f		54,799
		NextEra Energy Capital Holdings, Inc.
	35,000	2.300%, 4/1/2019		35,555
		NiSource Finance Corporation
	16,000	6.400%, 3/15/2018		17,081
	50,000	5.450%, 9/15/2020		56,161
		NRG Energy, Inc.
	64,810	6.625%, 3/15/2023		65,458
		Pacific Gas & Electric Company
	26,000	5.625%, 11/30/2017		27,303
		PG&E Corporation
	19,000	2.400%, 3/1/2019		19,369
		PSEG Power, LLC
	75,000	3.000%, 6/15/2021		77,170
		Sempra Energy
	36,000	6.150%, 6/15/2018		38,701
	15,000	2.400%, 3/15/2020		15,283
		Southern California Edison Company
	10,000	2.400%, 2/1/2022		10,303
		Southern Company
	80,000	1.850%, 7/1/2019		80,629
		Williams Partners, LP
	25,000	5.250%, 3/15/2020		27,065
		Xcel Energy, Inc.
	30,000	1.200%, 6/1/2017		29,942

		Total		1,450,035



		Total Long-Term Fixed Income (cost $74,422,648)		75,807,561


Shares		Registered Investment Companies (9.6%)	Value
	Equity Funds/ETFs (<0.1%)
	6,450	AllianzGI NFJ Dividend Interest & Premium Strategy Fund		81,528


Shares		Registered Investment Companies (9.6%)	Value
	Equity Funds/ETFs (<0.1%) - continued
	7,200	BlackRock Resources & Commodities Strategy Trust		$58,680
	3,200	Guggenheim Multi-Asset Income ETF		62,048

		Total		202,256


	Fixed Income Funds/ETFs (9.5%)
	32,160	Aberdeen Asia-Pacific Income Fund, Inc.		164,659
	9,425	Doubleline Income Solutions Fund		180,489
	5,211	First Trust High Income Long/Short Fund		81,239
	11,322	iShares J.P. Morgan USD Emerging Markets Bond ETF		1,327,052
	29,597	MFS Intermediate Income Trust		134,074
	10,814	Pimco Dynamic Credit And Mortgage Income Fund		220,497
	284,610	PowerShares Senior Loan Portfolio		6,605,798
	20,000	SPDR Barclays High Yield Bond ETF		734,400
	24,789	Templeton Global Income Fund		154,683
	32,710	Vanguard Short-Term Corporate Bond ETF		2,634,791
	11,299	Western Asset Emerging Markets Debt Fund, Inc.		183,722
	16,794	Western Asset High Income Opportunity Fund, Inc.		84,810

		Total		12,506,214



		Total Registered Investment Companies (cost $12,804,679)		12,708,470


Shares		Preferred Stock (1.5%)	Value
	Consumer Staples (0.1%)
	2,280	CHS, Inc., 7.100%ⁱ		68,309

		Total		68,309


	Energy (<0.1%)
	2,602	Alpha Natural Resources, Inc.^j		15,300
	2,602	ANR Holdings, Inc.^j		3,981

		Total		19,281


	Financials (1.4%)
	1,870	Agribank FCB, 6.875%ⁱ		201,493
	10,320	Citigroup, Inc., 6.875%ⁱ		297,319
	1,445	Cobank ACB, 6.250%ⁱ		152,086
	5,180	Countrywide Capital V, 7.000%		133,437
	7,800	GMAC Capital Trust I, 6.602%^e		198,198
	7,400	Goldman Sachs Group, Inc., 5.500%ⁱ		198,394
	92	M&T Bank Corporation, 6.375%ⁱ		97,980
	6,900	Morgan Stanley, 7.125%ⁱ		203,619
	4,839	U.S. Bancorp, 6.500%ⁱ		145,751
	169	Wells Fargo & Company, Convertible, 7.500%ⁱ		221,153

		Total		1,849,430



		Total Preferred Stock (cost $1,802,460)		1,937,020


Shares		Common Stock (0.4%)	Value
	Energy (0.1%)
	3,502	Contura Energy, Inc.^j		146,208
	341	Vantage Drilling International^j		26,939

		Total		173,147


	Financials (0.2%)
	24,100	Apollo Investment Corporation		139,780


Shares		Common Stock (0.4%)	Value
	Financials (0.2%) - continued
	11,100	Ares Capital Corporation		$172,050

		Total		311,830


	Materials (0.1%)
	7,833	Verso Corporation^j		50,523

		Total		50,523



		Total Common Stock (cost $622,960)		535,500


Shares or Principal Amount		Short-Term Investments (21.1%)^k	Value
		Federal Home Loan Bank Discount Notes
	100,000	0.365%, 10/7/2016^l		99,998
	100,000	0.300%, 10/26/2016^l		99,988
	100,000	0.280%, 10/28/2016^l		99,987
		Thrivent Core Short-Term Reserve Fund
	2,746,851	0.750%		27,468,511

		Total Short-Term Investments (cost $27,768,464)		27,768,484

		Total Investments (cost $151,907,326) 116.2%		$153,138,102

		Other Assets and Liabilities, Net (16.2%)		(21,367,863)

		Total Net Assets 100.0%		$131,770,239

a	The stated interest rate represents the weighted average of all contracts within the bank loan facility.

b	All or a portion of the loan is unfunded.

c	Denotes investments purchased on a when-issued or delayed delivery basis.

d	In bankruptcy. Interest is not being accrued.

e	Denotes variable rate securities. Variable rate securities are securities whose yields vary with a designated market index or market rate. The rate shown is as of September 30, 2016.

g	Denotes step coupon securities. Step coupon securities pay an initial coupon rate for the first period and then different coupon rates for following periods. The rate shown is as of September 30, 2016.

h	All or a portion of the security is insured or guaranteed.

i	Denotes perpetual securities. Perpetual securities pay an indefinite stream of interest, but may be called by the issuer at an earlier date.

j	Non-income producing security.

k	The interest rate shown reflects the yield, coupon rate or the discount rate at the date of purchase.

l	All or a portion of the security is held on deposit with the counterparty and pledged as the initial margin deposit for open futures contracts.

Denotes restricted securities. Restricted securities are investment securities which have been deemed illiquid and cannot be offered for public sale without first being registered under the Securities Act of 1933. The value of all restricted securities held in Opportunity Income Plus Portfolio as of September 30, 2016 was $3,211,590 or 2.4% of total net assets. The following table indicates the acquisition date and cost of restricted securities shown in the schedule as of September 30, 2016.


Security	Acquisition Date		Cost
Angel Oak Mortgage Trust, 11/25/2045		12/10/2015	$	160,637
CAM Mortgage, LLC, 7/15/2064		6/24/2015		28,825
Citi Held For Asset Issuance, 8/15/2022		2/26/2016		212,477
COLT Mortgage Loan Trust, 9/25/2046		9/9/2016		301,737
Digicel, Ltd., 4/15/2021		8/19/2013		186,145
Marlette Funding Trust, 1/17/2023		7/20/2016		325,832
NCF Dealer Floorplan Master Trust, 3/21/2022		4/8/2016		147,091
NRZ Advance Receivables Trust Advance Receivables Backed, 6/15/2049		6/23/2016		299,999
Preston Ridge Partners Mortgage Trust, LLC, 9/27/2021		9/23/2016		200,000
Pretium Mortgage Credit Partners, LLC, 7/27/2031		6/17/2016		195,277
Pretium Mortgage Credit Partners, LLC, 10/27/2030		10/6/2015		180,625
Pretium Mortgage Credit Partners, LLC, 11/27/2030		11/6/2015		182,211
Sunset Mortgage Loan Company, LLC, 7/16/2047		7/27/2016		95,382
Sunset Mortgage Loan Company, LLC, 9/18/2045		10/2/2015		123,686
US Residential Opportunity Fund Trust, 7/27/2036		7/20/2016		245,938
Vericrest Opportunity Loan Transferee, 10/25/2058		1/13/2016		81,582
Wachovia Asset Securitization, Inc., 7/25/2037		3/16/2007		309,614

Definitions:


ETF	-	Exchange Traded Fund.
REIT	-	Real Estate Investment Trust is a company that buys, develops, manages and/or sells real estate assets.


Unrealized Appreciation (Depreciation)
Gross unrealized appreciation and depreciation of investments, based on cost for federal income tax purposes, were as follows:

Gross unrealized appreciation	$	2,609,189
Gross unrealized depreciation		(1,378,413)

Net unrealized appreciation (depreciation)	$	1,230,776

Cost for federal income tax purposes	$	151,907,326

The following table is a summary of the inputs used, as of September 30, 2016, in valuing Opportunity Income Plus Portfolio's assets carried at fair value.

There were no significant transfers between Levels during the period ended September 30, 2016. Transfers between Levels are identified as of the end of the period.

The following table presents Opportunity Income Plus Portfolio's futures contracts held as of September 30, 2016. Investments and/or cash totaling $299,973 were pledged as the initial margin deposit for these contracts.

A summary of transactions for the fiscal year to date, in Opportunity Income Plus Portfolio, is as follows:


Shares		Common Stock (92.0%)	Value
	Biotechnology (30.0%)
	52,827	Acceleron Pharma, Inc.^a		$1,911,809
	61,106	Alder Biopharmaceuticals, Inc.^a		2,002,444
	533,054	Amicus Therapeutics, Inc.^a		3,944,600
	73,668	BioMarin Pharmaceutical, Inc.^a		6,815,763
	91,000	Celgene Corporation^a		9,512,230
	108,700	Gilead Sciences, Inc.		8,600,344
	126,317	Global Blood Therapeutics, Inc.^a		2,911,607
	46,500	Incyte Corporation^a		4,384,485
	98,041	Neurocrine Biosciences, Inc.^a		4,964,796
	43,205	Ophthotech Corporation^a		1,993,047
	167,046	Portola Pharmaceuticals, Inc.^a		3,793,615
	185,657	PTC Therapeutics, Inc.^a		2,601,054
	44,300	Vertex Pharmaceuticals, Inc.^a		3,863,403

		Total		57,299,197


	Health Care Equipment (15.1%)
	42,000	ABIOMED, Inc.^a		5,400,360
	191,492	Accuray, Inc.^a		1,219,804
	41,286	Dexcom, Inc.^a		3,619,131
	6,175	Intuitive Surgical, Inc.^a		4,475,825
	112,100	Medtronic plc		9,685,440
	175,447	NxStage Medical, Inc.^a		4,384,421

		Total		28,784,981


	Health Care Facilities (2.2%)
	84,100	Acadia Healthcare Company, Inc.^a		4,167,155

		Total		4,167,155


	Health Care Services (2.0%)
	214,187	Teladoc, Inc.^a		3,921,764

		Total		3,921,764


	Health Care Supplies (1.8%)
	37,006	Align Technology, Inc.^a		3,469,312

		Total		3,469,312


	Managed Health Care (3.0%)
	44,000	CIGNA Corporation		5,734,080

		Total		5,734,080


	Pharmaceuticals (37.9%)
	78,583	Aspen Pharmacare Holdings, Ltd.		1,774,750
	26,599	Collegium Pharmaceutical, Inc.^a		512,297
	127,900	Eli Lilly and Company		10,265,254
	188,600	Merck & Company, Inc.		11,770,526
	189,655	Novo Nordisk AS ADR		7,887,751
	343,700	Pfizer, Inc.		11,641,119
	46,983	Roche Holding AG-Genusschein		11,675,210
	28,745	Sawai Pharmaceutical Company, Ltd.		2,048,553
	45,189	Shire Pharmaceuticals Group plc ADR		8,760,339
	133,081	Teva Pharmaceutical Industries, Ltd. ADR		6,123,057

		Total		72,458,856



		Total Common Stock (cost $165,291,041)		175,835,345


Shares or Principal Amount		Short-Term Investments (8.6%)^b	Value
		Federal Home Loan Bank Discount Notes
	200,000	0.290%, 10/12/2016		$199,990
	1,000,000	0.250%, 11/14/2016		999,743
	1,000,000	0.250%, 11/18/2016		999,719
	1,100,000	0.255%, 11/25/2016		1,099,644
	300,000	0.344%, 11/30/2016		299,894
	3,305,000	0.350%, 12/7/2016		3,303,450
		Thrivent Core Short-Term Reserve Fund
	948,106	0.750%		9,481,064

		Total Short-Term Investments (cost $16,382,654)		16,383,504

		Total Investments (cost $181,673,695) 100.6%		$192,218,849

		Other Assets and Liabilities, Net (0.6%)		(1,184,988)

		Total Net Assets 100.0%		$191,033,861

a	Non-income producing security.

b	The interest rate shown reflects the yield, coupon rate or the discount rate at the date of purchase.


Unrealized Appreciation (Depreciation)
Gross unrealized appreciation and depreciation of investments, based on cost for federal income tax purposes, were as follows:

Gross unrealized appreciation	$	17,112,406
Gross unrealized depreciation		(6,567,252)

Net unrealized appreciation (depreciation)	$	10,545,154

Cost for federal income tax purposes	$	181,673,695

The following table is a summary of the inputs used, as of September 30, 2016, in valuing Partner Healthcare Portfolio’s assets carried at fair value.

There were no significant transfers between Levels during the period ended September 30, 2016. Transfers between Levels are identified as of the end of the period.

A summary of transactions for the fiscal year to date, in Partner Healthcare Portfolio, is as follows:


Shares		Common Stock (96.9%)	Value
	Brazil (11.2%)
	95,000	Ambev SA		$580,431
	166,467	Banco Bradesco SA ADR		1,509,856
	42,900	BRF SA		733,171
	120,105	Lojas Renner SA		907,394
	38,756	Multiplan Empreendimentos Imobiliarios SA		756,255
	59,800	Ultrapar Participacoes SA		1,323,740
	71,605	Vale SA ADR		337,260
	52,660	Vale SA ADR		289,630

		Total		6,437,737


	Chile (1.2%)
	31,770	Banco Santander Chile SA ADR		657,321

		Total		657,321


	China (1.0%)
	890,000	PetroChina Company, Ltd.		589,944

		Total		589,944


	Hong Kong (11.7%)
	305,000	AIA Group, Ltd.		2,051,047
	141,000	China Mobile, Ltd.		1,732,096
	236,000	Hang Lung Group, Ltd.		902,477
	132,000	Hang Lung Properties, Ltd.		299,421
	21,641	Hong Kong Exchanges and Clearing, Ltd.		572,737
	71,000	Swire Pacific, Ltd., Class A		768,948
	100,000	Swire Pacific, Ltd., Class B		195,273
	59,500	Swire Properties, Ltd.		174,999

		Total		6,696,998


	Hungary (1.2%)
	34,710	Richter Gedeon Nyrt		705,397

		Total		705,397


	India (15.4%)
	5,401	Grasim Industries, Ltd.		392,615
	6,350	Grasim Industries, Ltd. GDR		460,947
	15,800	Hero Motocorp, Ltd.		811,785
	67,000	Hindustan Unilever, Ltd.		874,137
	98,639	Housing Development Finance Corporation		2,068,953
	263,000	ICICI Bank, Ltd.		993,412
	54,818	Infosys, Ltd.		852,543
	389,339	ITC, Ltd.		1,412,856
	12,936	Tata Consultancy Services, Ltd.		472,747
	8,947	Ultra Tech Cement, Ltd.		518,089

		Total		8,858,084


	Indonesia (5.4%)
	3,710,000	Astra International Tbk PT		2,354,085
	568,900	Indocement Tunggal Prakarsa Tbk PT		758,500

		Total		3,112,585


	Luxembourg (1.3%)
	26,965	Tenaris SA ADR		765,806

		Total		765,806


	Malaysia (1.5%)
	256,470	CIMB Group Holdings Berhad		292,691
	120,000	Public Bank Berhad		575,118

		Total		867,809


	Mexico (8.0%)
	19,100	Fomento Economico Mexicano SAB de CV ADR		1,757,964


Shares		Common Stock (96.9%)	Value
	Mexico (8.0%) - continued
	6,300	Grupo Aeroportuario del Sureste SAB de CV ADR		$922,446
	320,477	Grupo Financiero Banorte SAB de CV ADR		1,682,402
	97,300	Organizacion Soriana SAB de CV^a		239,364

		Total		4,602,176


	Philippines (4.0%)
	35,000	Ayala Corporation		620,120
	917,900	Ayala Land, Inc.		747,089
	426,862	Bank of the Philippine Islands		924,229

		Total		2,291,438


	Poland (1.2%)
	21,319	Bank Pekao SA		690,253

		Total		690,253


	Portugal (1.4%)
	45,229	Jeronimo Martins SGPS SA		783,895

		Total		783,895


	Russia (4.1%)
	25,186	Lukoil ADR		1,228,142
	6,919	Magnit PJSC		1,145,445

		Total		2,373,587


	South Africa (3.5%)
	63,421	Massmart Holdings, Ltd.		548,640
	68,564	MTN Group, Ltd.		587,788
	164,808	Truworths International, Ltd.		854,161

		Total		1,990,589


	South Korea (6.2%)
	78	Amorepacific Corporation		15,066
	202	AMOREPACIFIC Group		30,520
	2,091	E-Mart Company, Ltd.		300,023
	615	NAVER Corporation		495,114
	2,297	Samsung Electronics Company, Ltd.		2,698,518

		Total		3,539,241


	Taiwan (5.5%)
	175,400	Taiwan Mobile Company, Ltd.		630,653
	433,499	Taiwan Semiconductor Manufacturing Company, Ltd.		2,548,169

		Total		3,178,822


	Thailand (4.3%)
	85,500	Siam Cement pcl		1,281,263
	282,800	Siam Commercial Bank pcl		1,213,647

		Total		2,494,910


	Turkey (4.4%)
	331,433	Akbank TAS		887,886
	52,136	BIM Birlesik Magazalar AS		869,676
	292,190	Turkiye Garanti Bankasi AS		774,250

		Total		2,531,812


	United Kingdom (2.8%)
	26,386	BHP Billiton plc		397,627
	9,627	SABMiller plc		561,492
	77,303	Standard Chartered plc^a		629,070

		Total		1,588,189


Shares		Common Stock (96.9%)	Value
	United States (1.6%)
	9,800	Yum! Brands, Inc.		$889,938

		Total		889,938



		Total Common Stock (cost $49,189,819)		55,646,531


Shares or Principal Amount		Short-Term Investments (3.4%)^b
		Thrivent Core Short-Term Reserve Fund
	195,147	0.750%		1,951,471

		Total Short-Term Investments (cost $1,951,471)		1,951,471

		Total Investments (cost $51,141,290) 100.3%		$57,598,002

		Other Assets and Liabilities, Net (0.3%)		(169,080)

		Total Net Assets 100.0%		$57,428,922

a	Non-income producing security.

b	The interest rate shown reflects the yield, coupon rate or the discount rate at the date of purchase.

Definitions:


ADR	-	American Depositary Receipt, which are certificates for an underlying foreign security’s shares held by an issuing U.S. depository bank.
GDR	-	Global Depository Receipts, which are certificates for shares of an underlying foreign security’s shares held by an issuing depository bank from more than one country.


Unrealized Appreciation (Depreciation)
Gross unrealized appreciation and depreciation of investments, based on cost for federal income tax purposes, were as follows:

Gross unrealized appreciation	$	12,842,728
Gross unrealized depreciation		(6,386,016)

Net unrealized appreciation (depreciation)	$	6,456,712

Cost for federal income tax purposes	$	51,141,290

The following table is a summary of the inputs used, as of September 30, 2016, in valuing Partner Emerging Markets Equity Portfolio’s assets carried at fair value.

There were no significant transfers between Levels during the period ended September 30, 2016. Transfers between Levels are identified as of the end of the period.

A summary of transactions for the fiscal year to date, in Partner Emerging Markets Equity Portfolio, is as follows:


Shares		Common Stock (97.4%)	Value
	Consumer Discretionary (0.7%)
	43,400	Hilton Worldwide Holdings, Inc.		$995,162
	5,800	MGM Resorts International^a		150,974
	700	Mohawk Industries, Inc.^a		140,238

		Total		1,286,374


	Diversified Real Estate Activities (<0.1%)
	1,285	Alexander & Baldwin, Inc.		49,370

		Total		49,370


	Diversified REITS (5.0%)
	6,792	American Assets Trust, Inc.		294,637
	5,000	Armada Hoffler Properties, Inc.		67,000
	4,428	Brookfield Asset Management, Inc.		155,777
	54,000	Cousins Properties, Inc.		563,760
	29,919	Empire State Realty Trust, Inc.		626,803
	20,176	First Potomac Realty Trust		184,610
	32,493	Forest City Realty Trust, Inc.		751,563
	42,603	Gramercy Property Trust		410,693
	35,414	Lexington Realty Trust		364,764
	22,643	Liberty Property Trust		913,645
	15,600	NorthStar Realty Finance Corporation		205,452
	4,970	PS Business Parks, Inc.		564,443
	91,560	Spirit Realty Captial, Inc.		1,220,495
	54,396	Store Capital Corporation		1,603,050
	69,734	VEREIT, Inc.		723,142
	9,515	Washington Real Estate Investment Trust		296,107
	4,000	Whitestone REIT		55,520
	10,500	Winthrop Realty Trust Liquidation Escrow^b		83,055
	3,450	WP Carey, Inc.		222,628

		Total		9,307,144


	Health Care REITs (9.5%)
	7,930	Care Capital Properties, Inc.		226,005
	41,142	HCP, Inc.		1,561,339
	36,562	Healthcare Realty Trust, Inc.		1,245,302
	38,419	Healthcare Trust of America, Inc.		1,253,228
	7,022	LTC Properties, Inc.		365,074
	32,564	Medical Properties Trust, Inc.		480,970
	8,220	National Health Investors, Inc.		645,105
	14,371	Omega Healthcare Investors, Inc.		509,452
	41,020	Physicians Realty Trust		883,571
	14,431	Sabra Health Care REIT, Inc.		363,372
	22,822	Senior Housing Property Trust		518,288
	63,420	Ventas, Inc.		4,479,355
	67,277	Welltower, Inc.		5,030,301

		Total		17,561,362


	Hotel & Resort REITs (4.6%)
	7,800	Apple Hospitality REIT, Inc.		144,378
	6,000	Ashford Hospitality Prime, Inc.		84,600
	9,928	Ashford Hospitality Trust, Inc.		58,476
	24,156	Chatham Lodging Trust		465,003
	21,883	Chesapeake Lodging Trust		501,121
	33,895	DiamondRock Hospitality Company		308,445
	24,593	FelCor Lodging Trust, Inc.		158,133
	8,786	Hersha Hospitality Trust		158,324
	17,449	Hospitality Properties Trust		518,584
	142,129	Host Hotels & Resorts, Inc.		2,212,949
	20,705	LaSalle Hotel Properties		494,228
	2,300	Marriott International, Inc.		154,859
	14,100	MGM Growth Properties, LLC		367,587
	27,974	Pebblebrook Hotel Trust		744,108
	39,191	RLJ Lodging Trust		824,187


Shares		Common Stock (97.4%)	Value
	Hotel & Resort REITs (4.6%) - continued
	37,457	Summit Hotel Properties, Inc.		$492,934
	71,031	Sunstone Hotel Investors, Inc.		908,486

		Total		8,596,402


	Industrial REITS (7.0%)
	27,516	DCT Industrial Trust, Inc.		1,335,902
	102,920	Duke Realty Corporation		2,812,804
	6,524	EastGroup Properties, Inc.		479,905
	44,996	First Industrial Realty Trust, Inc.		1,269,787
	5,450	Monmouth Real Estate Investment Corporation		77,772
	108,782	Prologis, Inc.		5,824,188
	21,550	Rexford Industrial Realty, Inc.		493,279
	21,700	STAG Industrial, Inc.		531,867
	9,608	Terreno Realty Corporation		264,316

		Total		13,089,820


	Information Technology (0.2%)
	9,450	InterXion Holding NV^a		342,279

		Total		342,279


	Mortgage REITS (0.5%)
	12,500	Apollo Commercial Real Estate Finance, Inc.		204,625
	10,250	Blackstone Mortgage Trust, Inc.		301,862
	17,750	Colony Capital, Inc.		323,583
	6,050	Starwood Property Trust, Inc.		136,246

		Total		966,316


	Office REITS (13.7%)
	25,712	Alexandria Real Estate Equities, Inc.		2,796,694
	41,168	Boston Properties, Inc.		5,610,787
	41,430	Brandywine Realty Trust		647,137
	17,297	City Office REIT, Inc.		220,191
	19,857	Corporate Office Properties Trust		562,946
	33,557	Douglas Emmett, Inc.		1,229,193
	17,500	Equity Commonwealth^a		528,850
	37,800	Franklin Street Properties Corporation		476,280
	25,312	Highwoods Properties, Inc.		1,319,261
	41,259	Hudson Pacific Properties, Inc.		1,356,183
	23,563	Kilroy Realty Corporation		1,634,094
	21,405	Mack-Cali Realty Corporation		582,644
	12,000	New York REIT, Inc.		109,800
	33,300	Paramount Group, Inc.		545,787
	28,670	Parkway Properties, Inc.		487,677
	16,963	Piedmont Office Realty Trust, Inc.		369,284
	27,877	SL Green Realty Corporation		3,013,504
	39,750	Vornado Realty Trust		4,023,097

		Total		25,513,409


	Real Estate Services (0.2%)
	6,619	CBRE Group, Inc.^a		185,200
	800	Jones Lang LaSalle, Inc.		91,032
	3,000	Kennedy-Wilson Holdings, Inc.		67,650

		Total		343,882


	Residential REITS (16.8%)
	35,353	American Campus Communities, Inc.		1,798,407
	45,800	American Homes 4 Rent		991,112
	37,934	Apartment Investment & Management Company		1,741,550
	35,054	AvalonBay Communities, Inc.		6,234,003
	12,139	Bluerock Residential Growth REIT, Inc.		157,807
	22,431	Camden Property Trust		1,878,372


Shares		Common Stock (97.4%)	Value
	Residential REITS (16.8%) - continued
	13,638	Education Realty Trust, Inc.		$588,343
	20,828	Equity Lifestyle Properties, Inc.		1,607,505
	82,290	Equity Residential		5,293,716
	19,385	Essex Property Trust, Inc.		4,317,040
	15,000	Independence Realty Trust, Inc.		135,000
	13,674	Mid-America Apartment Communities, Inc.		1,285,219
	39,739	Monogram Residential Trust, Inc.		422,823
	11,735	Post Properties, Inc.		776,036
	26,078	Sun Communities, Inc.		2,046,601
	53,794	UDR, Inc.		1,936,046

		Total		31,209,580


	Retail REITS (24.7%)
	35,413	Acadia Realty Trust		1,283,367
	15,300	Agree Realty Corporation		756,432
	79,091	Brixmor Property Group, Inc.		2,197,939
	19,239	CBL & Associates Properties, Inc.		233,561
	11,320	Cedar Realty Trust, Inc.		81,504
	83,206	DDR Corporation		1,450,281
	32,224	Equity One, Inc.		986,377
	15,795	Federal Realty Investment Trust		2,431,324
	152,205	General Growth Properties, Inc.		4,200,858
	65,987	Kimco Realty Corporation		1,910,324
	18,436	Kite Realty Group Trust		511,046
	10,258	Life Storage, Inc.		912,347
	21,791	Macerich Company		1,762,238
	23,286	National Retail Properties, Inc.		1,184,093
	12,026	Pennsylvania Real Estate Investment Trust		276,959
	31,548	Ramco-Gershenson Properties Trust		591,210
	10,750	Realty Income Corporation		719,497
	35,892	Regency Centers Corporation		2,781,271
	38,822	Retail Opportunity Investments Corporation		852,531
	43,900	Retail Properties of America, Inc.		737,520
	1,138	Saul Centers, Inc.		75,791
	76,311	Simon Property Group, Inc.		15,797,140
	21,363	Tanger Factory Outlet Centers, Inc.		832,302
	14,847	Taubman Centers, Inc.		1,104,765
	19,271	Urban Edge Properties		542,286
	14,000	Urstadt Biddle Properties, Inc.		311,080
	33,771	Washington Prime Group, Inc.		418,085
	23,142	Weingarten Realty Investors		902,075

		Total		45,844,203


	Specialized REITS (14.5%)
	18,197	American Tower Corporation		2,062,266
	7,750	Communications Sales & Leasing, Inc.		243,427
	9,396	CoreSite Realty Corporation		695,680
	12,942	Crown Castle International Corporation		1,219,266
	62,172	CubeSmart		1,694,809
	31,700	CyrusOne, Inc.		1,507,969
	27,268	Digital Realty Trust, Inc.		2,648,268
	18,550	DuPont Fabros Technology, Inc.		765,188
	6,532	EPR Properties		514,330
	12,992	Equinix, Inc.		4,680,368
	32,370	Extra Space Storage, Inc.		2,570,502
	14,450	Gaming and Leisure Properties, Inc.		483,352
	3,500	GEO Group, Inc.		83,230
	4,957	Iron Mountain, Inc.		186,036
	12,900	National Storage Affiliates Trust		270,126
	5,182	Outfront Media, Inc.		122,554
	25,583	Public Storage, Inc.		5,708,591


Shares		Common Stock (97.4%)	Value
	Specialized REITS (14.5%) - continued
	9,900	QTS Realty Trust, Inc.		$523,215
	30,130	Weyerhaeuser Company		962,352

		Total		26,941,529



		Total Common Stock (cost $152,938,725)		181,051,670


Shares		Registered Investment Companies (0.3%)	Value
	Equity Funds/ETFs (0.3%)
	10,000	Cohen & Steers Quality Income Realty Fund, Inc.		133,300
	4,500	iShares Dow Jones U.S. Real Estate Index Fund ETF		362,880

		Total		496,180



		Total Registered Investment Companies (cost $475,890)		496,180


Shares or Principal Amount		Short-Term Investments (2.0%)^c	Value
		Thrivent Core Short-Term Reserve Fund
	380,654	0.750%		3,806,538

		Total Short-Term Investments (cost $3,806,538)		3,806,538

		Total Investments (cost $157,221,153) 99.7%		$185,354,388

		Other Assets and Liabilities, Net 0.3%		496,342

		Total Net Assets 100.0%		$185,850,730

a	Non-income producing security.

b	Security is valued at fair value. Market quotations or prices were not readily available or were determined to be unreliable. Fair value was determined in good faith pursuant to procedures adopted by the Board. Further information on fair valuation can be found in the Notes to Financial Statements.

c	The interest rate shown reflects the yield, coupon rate or the discount rate at the date of purchase.

Definitions:


ETF	-	Exchange Traded Fund.
REIT	-	Real Estate Investment Trust is a company that buys, develops, manages and/or sells real estate assets.


Unrealized Appreciation (Depreciation)
Gross unrealized appreciation and depreciation of investments, based on cost for federal income tax purposes, were as follows:

Gross unrealized appreciation	$	38,220,249
Gross unrealized depreciation		(10,087,014)

Net unrealized appreciation (depreciation)	$	28,133,235

Cost for federal income tax purposes	$	157,221,153

The following table is a summary of the inputs used, as of September 30, 2016, in valuing Real Estate Securities Portfolio’s assets carried at fair value.

There were no significant transfers between Levels during the period ended September 30, 2016. Transfers between Levels are identified as of the end of the period.

A summary of transactions for the fiscal year to date, in Real Estate Securities Portfolio, is as follows:


Shares		Common Stock (92.3%)	Value
	Consumer Discretionary (7.9%)
	77,598	Aaron’s, Inc.		$1,972,541
	77,190	Cedar Fair, LP		4,422,215
	107,459	Core-Mark Holding Company, Inc.		3,847,032
	55,340	G-III Apparel Group, Ltd.^a		1,613,161
	182,820	Houghton Mifflin Harcourt Company^a		2,451,616
	109,671	MDC Partners, Inc.^b		1,175,673
	286,730	Nutrisystem, Inc.		8,513,014
	46,020	Oxford Industries, Inc.		3,115,554
	65,490	Papa John’s International, Inc.		5,163,887
	65,910	Penn National Gaming, Inc.^a		894,399
	376,752	Tuesday Morning Corporation^a		2,252,977
	35,060	Zoe’s Kitchen, Inc.^a,b		777,981

		Total		36,200,050


	Consumer Staples (1.9%)
	28,640	AdvancePierre Foods Holdings, Inc.		789,318
	24,731	Casey’s General Stores, Inc.		2,971,430
	89,600	WhiteWave Foods Company^a		4,876,928

		Total		8,637,676


	Energy (5.5%)
	441,030	Callon Petroleum Company^a		6,924,171
	149,840	Parsley Energy, Inc.^a		5,021,138
	183,280	RPC, Inc.a,^b		3,079,104
	39,170	RSP Permian, Inc.^a		1,519,013
	61,180	U.S. Silica Holdings, Inc.^b		2,848,541
	442,960	WPX Energy, Inc.^a		5,842,642

		Total		25,234,609


	Financials (20.8%)
	85,880	Allied World Assurance Company Holdings AG		3,471,270
	127,408	Ameris Bancorp		4,452,910
	96,938	Argo Group International Holdings, Ltd.		5,469,242
	236,382	Assured Guaranty, Ltd.		6,559,600
	191,930	BancorpSouth, Inc.		4,452,776
	112,622	Chemical Financial Corporation		4,970,009
	251,148	CoBiz Financial, Inc.		3,342,780
	366,650	Hanmi Financial Corporation		9,657,561
	210,191	Hope Bancorp, Inc.		3,651,018
	151,357	Horace Mann Educators Corporation		5,547,234
	137,987	Houlihan Lokey, Inc.		3,456,574
	16,695	Infinity Property & Casualty Corporation		1,379,508
	538,869	Janus Capital Group, Inc.		7,549,555
	98,480	National Bank Holdings Corporation		2,301,478
	62,780	PacWest Bancorp		2,693,890
	139,770	Primerica, Inc.^b		7,412,003
	111,340	Renasant Corporation		3,744,364
	143,065	Stifel Financial Corporation^a		5,500,849
	225,400	Synovus Financial Corporation		7,332,262
	103,870	United Community Banks, Inc.		2,183,347

		Total		95,128,230


	Health Care (10.8%)
	101,530	Akorn, Inc.^a		2,767,708
	27,240	Align Technology, Inc.^a		2,553,750
	46,740	Analogic Corporation		4,141,164
	88,130	Catalent, Inc.^a		2,277,279
	22,820	Chemed Corporation		3,219,218
	75,210	Depomed, Inc.^a,b		1,879,498
	43,980	Heska Corporation^a		2,393,831
	49,800	Neurocrine Biosciences, Inc.^a		2,521,872
	103,223	NuVasive, Inc.^a		6,880,845
	170,760	Omnicell, Inc.^a		6,540,108


Shares		Common Stock (92.3%)	Value
	Health Care (10.8%) - continued
	97,410	PerkinElmer, Inc.		$5,465,675
	37,360	Teleflex, Inc.		6,278,348
	35,074	West Pharmaceutical Services, Inc.		2,613,013

		Total		49,532,309


	Industrials (19.3%)
	100,750	AZZ, Inc.		6,575,953
	143,360	BWX Technologies, Inc.		5,500,723
	71,191	CLARCOR, Inc.		4,627,415
	58,020	Curtiss-Wright Corporation		5,286,202
	120,481	EMCOR Group, Inc.		7,183,077
	178,992	Granite Construction, Inc.		8,903,062
	10,986	HNI Corporation		437,243
	34,681	Huron Consulting Group, Inc.^a		2,072,537
	36,600	ICF International, Inc.^a		1,622,112
	82,020	Kirby Corporation^a		5,098,363
	28,230	Lindsay Corporation^b		2,088,455
	96,058	MSA Safety, Inc.		5,575,206
	94,270	Oshkosh Corporation		5,279,120
	28,070	Proto Labs, Inc.^a,b		1,681,674
	243,110	Raven Industries, Inc.		5,598,823
	74,380	Saia, Inc.^a		2,228,425
	104,500	Tennant Company		6,771,600
	209,370	TransUnion^a		7,223,265
	59,624	Waste Connections, Inc.		4,453,913

		Total		88,207,168


	Information Technology (16.0%)
	102,055	Arista Networks, Inc.^a,b		8,682,840
	246,560	Booz Allen Hamilton Holding Corporation		7,793,762
	19,560	Broadridge Financial Solutions, Inc.		1,325,972
	48,723	CACI International, Inc.^a		4,916,151
	56,020	Criteo SA ADR^a,b		1,966,862
	83,000	DST Systems, Inc.		9,787,360
	52,230	Envestnet, Inc.^a		1,903,784
	23,710	Finisar Corporation^a		706,558
	75,890	Guidewire Software, Inc.^a		4,551,882
	46,160	M/A-COM Technology Solutions Holdings, Inc.^a		1,954,414
	274,380	Microsemi Corporation^a		11,518,472
	222,740	National Instruments Corporation		6,325,816
	184,135	Pegasystems, Inc.		5,430,141
	23,398	Q2 Holdings, Inc.^a		670,587
	218,437	Virtusa Corporation^a		5,391,025

		Total		72,925,626


	Materials (4.1%)
	62,650	Balchem Corporation		4,857,254
	78,084	Chemtura Corporation^a		2,561,936
	52,660	Materion Corporation		1,617,189
	67,760	Methanex Corporation^b		2,417,677
	78,852	Scotts Miracle-Gro Company		6,566,006
	12,200	Sensient Technologies Corporation		924,760

		Total		18,944,822


	Real Estate (3.8%)
	87,070	American Assets Trust, Inc.		3,777,096
	22,640	Mid-America Apartment Communities, Inc.		2,127,934
	135,850	Parkway Properties, Inc.		2,310,808
	42,811	Pebblebrook Hotel Trust		1,138,773
	118,020	Physicians Realty Trust		2,542,151
	197,720	Terreno Realty Corporation		5,439,277

		Total		17,336,039


Shares		Common Stock (92.3%)	Value
	Utilities (2.2%)
	89,770	MDU Resources Group, Inc.		$2,283,749
	28,700	Southwest Gas Corporation		2,004,982
	88,633	Spire, Inc.		5,649,467

		Total		9,938,198



		Total Common Stock (cost $347,804,690)		422,084,727


Shares		Registered Investment Companies (4.9%)	Value
	Equity Funds/ETFs (4.9%)
	15,757	iShares Russell 2000 Growth Index Fund^b		2,346,217
	55,700	iShares Russell 2000 Index Fund^b		6,918,497
	43,820	iShares Russell 2000 Value Index Fund		4,590,145
	114,310	Materials Select Sector SPDR Fund^b		5,458,303
	46,790	SPDR S&P Biotech ETF^b		3,101,709

		Total		22,414,871



		Total Registered Investment Companies (cost $19,692,870)		22,414,871


Shares		Collateral Held for Securities Loaned (11.1%)	Value
	51,076,561	Thrivent Cash Management Trust		51,076,561

		Total Collateral Held for Securities Loaned (cost $51,076,561)		51,076,561


Shares or Principal Amount		Short-Term Investments (4.0%)^c	Value
		Federal Home Loan Bank Discount Notes
	1,000,000	0.300%, 10/11/2016		999,958
	300,000	0.310%, 10/17/2016		299,978
	3,900,000	0.290%, 10/21/2016		3,899,629
		Thrivent Core Short-Term Reserve Fund
	1,309,032	0.750%		13,090,325

		Total Short-Term Investments (cost $18,289,572)		18,289,890

		Total Investments (cost $436,863,693) 112.3%		$513,866,049

		Other Assets and Liabilities, Net (12.3%)		(56,443,043)

		Total Net Assets 100.0%		$457,423,006

a	Non-income producing security.

b	All or a portion of the security is on loan.

c	The interest rate shown reflects the yield, coupon rate or the discount rate at the date of purchase.

The following table presents the total amount of securities loaned with continuous maturity, by type, offset by the gross payable upon return of collateral for securities loaned by Thrivent Small Cap Stock Portfolio as of September 30, 2016:


Securities Lending Transactions
Common Stock	$	50,434,858
Total lending	$	50,434,858
Gross amount payable upon return of collateral for securities loaned	$	51,076,561
Net amounts due to counterparty	$	641,703

Definitions:


ADR	-	American Depositary Receipt, which are certificates for an underlying foreign security’s shares held by an issuing U.S. depository bank.
ETF	-	Exchange Traded Fund.


Unrealized Appreciation (Depreciation)
Gross unrealized appreciation and depreciation of investments, based on cost for federal income tax purposes, were as follows:

Gross unrealized appreciation	$	86,558,414
Gross unrealized depreciation		(9,556,058)

Net unrealized appreciation (depreciation)	$	77,002,356

Cost for federal income tax purposes	$	436,863,693

The following table is a summary of the inputs used, as of September 30, 2016, in valuing Small Cap Stock Portfolio’s assets carried at fair value.

There were no significant transfers between Levels during the period ended September 30, 2016. Transfers between Levels are identified as of the end of the period.

A summary of transactions for the fiscal year to date, in Small Cap Stock Portfolio, is as follows:


Shares		Common Stock (96.9%)	Value
	Consumer Discretionary (13.4%)
	39,190	American Axle & Manufacturing Holdings, Inc.^a		$674,852
	8,290	American Public Education, Inc.^a		164,225
	6,620	Arctic Cat, Inc.		102,544
	10,110	Asbury Automotive Group, Inc.^a		562,824
	19,687	Barnes & Noble Education, Inc.^a		188,405
	28,470	Barnes & Noble, Inc.		321,711
	43,070	Belmond, Ltd.^a		547,420
	9,090	Big 5 Sporting Goods Corporation		123,806
	518	Biglari Holdings, Inc.^a		225,858
	10,260	BJ’s Restaurants, Inc.^a		364,743
	5,920	Blue Nile, Inc.		203,766
	10,110	Bob Evans Farms, Inc.		387,213
	42,070	Boyd Gaming Corporation^a		832,145
	14,250	Buckle, Inc.^b		342,427
	22,175	Caleres, Inc.		560,806
	48,040	Callaway Golf Company		557,744
	5,920	Capella Education Company		343,597
	33,060	Career Education Corporation^a		224,477
	13,360	Cato Corporation		439,410
	4,310	Cavco Industries, Inc.^a		426,905
	9,390	Children’s Place, Inc.		749,979
	8,560	Chuy’s Holdings, Inc.^a		239,166
	8,840	Cooper-Standard Holdings, Inc.^a		873,392
	23,590	Core-Mark Holding Company, Inc.		844,522
	37,390	Crocs, Inc.^a		310,337
	8,730	DineEquity, Inc.		691,329
	15,500	Dorman Products, Inc.^a		990,450
	12,600	Drew Industries, Inc.		1,235,052
	29,233	E.W. Scripps Company^a		464,805
	10,990	El Pollo Loco Holdings, Inc.^a,b		138,364
	12,960	Ethan Allen Interiors, Inc.		405,259
	40,200	Express, Inc.^a		473,958
	13,670	Fiesta Restaurant Group, Inc.^a		328,080
	21,043	Finish Line, Inc.		485,672
	28,010	Five Below, Inc.^a		1,128,523
	12,260	Fox Factory Holding Corporation^a		281,612
	19,730	Francesca’s Holdings Corporation^a		304,434
	17,830	Fred’s, Inc.		161,540
	8,830	FTD Companies, Inc.^a		181,633
	59,640	Gannett Company, Inc.		694,210
	10,510	Genesco, Inc.^a		572,375
	18,590	Gentherm, Inc.^a		584,098
	21,020	G-III Apparel Group, Ltd.^a		612,733
	10,160	Group 1 Automotive, Inc.		649,021
	23,430	Harte-Hanks, Inc.		37,957
	9,780	Haverty Furniture Companies, Inc.		195,991
	11,350	Hibbett Sports, Inc.^a,b		452,865
	28,480	Iconix Brand Group, Inc.^a,b		231,258
	10,140	Installed Building Products, Inc.^a		363,722
	54,310	Interval Leisure Group, Inc.		932,503
	13,880	iRobot Corporation^a		610,442
	7,470	Kirkland’s, Inc.^a		90,985
	25,010	La-Z-Boy, Inc.		614,246
	8,510	LGI Homes, Inc.^a,b		313,508
	11,950	Lithia Motors, Inc.		1,141,464
	13,880	Lumber Liquidators Holdings, Inc.^a,b		273,020
	19,880	M.D.C. Holdings, Inc.		512,904
	12,470	M/I Homes, Inc.^a		293,918
	9,620	Marcus Corporation		240,885
	12,320	MarineMax, Inc.^a		258,104
	12,450	Marriott Vacations Worldwide Corporation		912,834
	19,110	Meritage Homes Corporation^a		663,117
	5,580	Monarch Casino & Resort, Inc.^a		140,449
	16,500	Monro Muffler Brake, Inc.		1,009,305


Shares		Common Stock (96.9%)	Value
	Consumer Discretionary (13.4%) - continued
	9,540	Motorcar Parts of America, Inc.^a		$274,561
	7,830	Movado Group, Inc.		168,188
	15,870	Nautilus, Inc.^a		360,566
	15,060	Nutrisystem, Inc.		447,131
	7,550	Oxford Industries, Inc.		511,135
	13,640	Papa John’s International, Inc.		1,075,514
	6,180	Perry Ellis International, Inc.^a		119,150
	10,470	PetMed Express, Inc.^b		212,332
	10,870	Popeyes Louisiana Kitchen, Inc.^a		577,632
	6,830	Red Robin Gourmet Burgers, Inc.^a		306,940
	17,880	Regis Corporation^a		224,394
	27,370	Rent-A-Center, Inc.		345,957
	30,780	Ruby Tuesday, Inc.^a		76,950
	15,540	Ruth’s Hospitality Group, Inc.		219,425
	13,640	Scholastic Corporation		536,870
	25,890	Scientific Games Corporation^a		291,780
	23,400	Select Comfort Corporation^a		505,440
	7,210	Shoe Carnival, Inc.		192,219
	13,670	Sonic Automotive, Inc.		256,996
	24,322	Sonic Corporation		636,750
	12,820	Stage Stores, Inc.		71,920
	8,120	Stamps.com, Inc.^a,b		767,421
	10,190	Standard Motor Products, Inc.		486,674
	15,770	Stein Mart, Inc.		100,139
	28,145	Steven Madden, Ltd.^a		972,691
	5,380	Strayer Education, Inc.^a		251,138
	9,680	Sturm, Ruger & Company, Inc.^b		559,117
	11,710	Superior Industries International, Inc.		341,464
	24,850	Tailored Brands, Inc.		390,145
	16,850	Tile Shop Holdings, Inc.^a		278,868
	19,490	TopBuild Corporation^a		647,068
	22,760	Tuesday Morning Corporation^a		136,105
	7,690	Unifi, Inc.^a		226,317
	7,420	Universal Electronics, Inc.^a		552,493
	10,530	Universal Technical Institute, Inc.		18,743
	9,960	Vera Bradley, Inc.^a		150,894
	12,250	Vitamin Shoppe, Inc.^a		328,912
	9,890	VOXX International Corporation^a		29,571
	11,090	WCI Communities, Inc.^a		263,055
	13,830	Winnebago Industries, Inc.		325,973
	50,760	Wolverine World Wide, Inc.		1,169,003
	18,820	World Wrestling Entertainment, Inc.		400,866
	9,000	Zumiez, Inc.^a		162,000

		Total		46,255,406


	Consumer Staples (2.9%)
	13,370	Andersons, Inc.		483,727
	33,670	B&G Foods, Inc.		1,655,891
	7,790	Calavo Growers, Inc.		509,700
	15,160	Cal-Maine Foods, Inc.^b		584,266
	5,120	Central Garden & Pet Company^a		133,120
	17,090	Central Garden & Pet Company, Class A^a		423,832
	83,180	Darling Ingredients, Inc.^a		1,123,762
	8,760	Inter Parfums, Inc.		282,685
	7,620	J & J Snack Foods Corporation		907,694
	5,650	Medifast, Inc.		213,513
	10,200	Sanderson Farms, Inc.^b		982,566
	3,150	Seneca Foods Corporation^a		88,956
	19,150	SpartanNash Company		553,818
	135,545	SUPERVALU, Inc.^a		676,370
	11,590	Universal Corporation		674,770
	7,240	WD-40 Company		813,993

		Total		10,108,663


Shares		Common Stock (96.9%)	Value
	Energy (3.1%)
	35,290	Archrock, Inc.		$461,593
	30,730	Atwood Oceanics, Inc.^b		267,044
	19,070	Basic Energy Services, Inc.^a		15,817
	30,940	Bill Barrett Corporation^a		172,026
	15,840	Bristow Group, Inc.		222,077
	9,360	CARBO Ceramics, Inc.		102,398
	27,970	Carrizo Oil & Gas, Inc.^a		1,136,141
	31,010	Cloud Peak Energy, Inc.^a		168,694
	11,260	Contango Oil & Gas Company^a		115,077
	9,850	Era Group, Inc.^a		79,293
	15,925	Exterran Corporation^a		249,704
	6,840	Geospace Technologies Corporation^a		133,243
	18,170	Green Plains, Inc.		476,054
	6,880	Gulf Island Fabrication, Inc.		63,296
	9,780	Gulfmark Offshore, Inc.^a,b		16,430
	52,970	Helix Energy Solutions Group, Inc.^a		430,646
	16,620	Hornbeck Offshore Services, Inc.^a,b		91,410
	13,490	Matrix Service Company^a		253,072
	43,170	Newpark Resources, Inc.^a		317,731
	22,960	Northern Oil and Gas, Inc.^a		61,533
	28,970	PDC Energy, Inc.^a		1,942,728
	32,780	Pioneer Energy Services Corporation^a		132,431
	2,910	REX American Resources Corporation^a		246,652
	8,160	SEACOR Holdings, Inc.^a		485,439
	102,340	Synergy Resources Corporation^a		709,216
	23,600	Tesco Corporation		192,576
	47,360	TETRA Technologies, Inc.^a		289,370
	24,080	Tidewater, Inc.		67,906
	32,280	U.S. Silica Holdings, Inc.^b		1,502,957
	25,970	Unit Corporation^a		483,042

		Total		10,885,596


	Financials (15.8%)
	44,850	American Equity Investment Life Holding Company		795,191
	17,810	Ameris Bancorp		622,460
	9,810	AMERISAFE, Inc.		576,632
	46,390	Astoria Financial Corporation		677,294
	25,280	Banc of California, Inc.		441,389
	21,390	Bank Mutual Corporation		164,275
	13,560	Banner Corporation		593,114
	29,280	Bofi Holding, Inc.^a,b		655,872
	42,680	Boston Private Financial Holdings, Inc.		547,584
	36,050	Brookline Bancorp, Inc.		439,449
	8,350	Calamos Asset Management, Inc.		56,947
	48,880	Capstead Mortgage Corporation		460,938
	16,560	Cardinal Financial Corporation		432,050
	15,850	Central Pacific Financial Corporation		399,262
	7,600	City Holding Company		382,204
	29,580	Columbia Banking System, Inc.		967,858
	22,450	Community Bank System, Inc.		1,080,069
	13,130	Customers Bancorp, Inc.^a		330,351
	51,230	CVB Financial Corporation^b		902,160
	15,995	Dime Community Bancshares, Inc.		268,076
	8,460	eHealth, Inc.^a		94,837
	16,630	Employers Holdings, Inc.		496,073
	12,010	Encore Capital Group, Inc.^a,b		269,985
	11,777	Enova International, Inc.^a		114,001
	19,810	Evercore Partners, Inc.		1,020,413
	24,570	EZCORP, Inc.^a		271,744
	27,280	Financial Engines, Inc.^b		810,489
	58,943	First BanCorp^a		306,504
	45,590	First Commonwealth Financial Corporation		460,003


Shares		Common Stock (96.9%)	Value
	Financials (15.8%) - continued
	31,690	First Financial Bancorp		$692,110
	33,560	First Financial Bankshares, Inc.^b		1,222,926
	41,622	First Midwest Bancorp, Inc.		805,802
	8,160	First NBC Bank Holding Company^a		77,030
	24,904	FirstCash, Inc.		1,172,480
	38,850	Glacier Bancorp, Inc.		1,108,002
	29,930	Great Western Bancorp, Inc.		997,268
	21,870	Green Dot Corporation^a		504,322
	14,110	Greenhill & Company, Inc.		332,573
	16,442	Hanmi Financial Corporation		433,082
	4,400	HCI Group, Inc.		133,584
	63,480	Home BancShares, Inc.		1,321,019
	64,644	Hope Bancorp, Inc.		1,122,866
	20,270	Horace Mann Educators Corporation		742,895
	13,420	Independent Bank Corporation		725,888
	5,610	Infinity Property & Casualty Corporation		463,554
	34,240	Interactive Brokers Group, Inc.		1,207,645
	7,580	INTL FCStone, Inc.^a		294,483
	15,910	Investment Technology Group, Inc.		272,697
	21,220	LegacyTexas Financial Group, Inc.		671,189
	3,740	LendingTree, Inc.^a,b		362,443
	32,000	Maiden Holdings, Ltd.		406,080
	5,620	Navigators Group, Inc.		544,690
	21,950	NBT Bancorp, Inc.		721,497
	22,930	Northfield Bancorp, Inc.		369,173
	52,270	Northwest Bancshares, Inc.		821,162
	22,550	OFG Bancorp^b		227,981
	68,930	Old National Bancorp		969,156
	9,270	Opus Bank		327,880
	19,380	Oritani Financial Corporation		304,654
	22,180	Pinnacle Financial Partners, Inc.		1,199,494
	7,240	Piper Jaffray Companies^a		349,692
	23,540	PRA Group, Inc.^a		813,072
	27,140	ProAssurance Corporation		1,424,307
	30,590	Provident Financial Services, Inc.		649,426
	19,320	RLI Corporation		1,320,715
	18,090	S & T Bancorp, Inc.		524,429
	7,300	Safety Insurance Group, Inc.		490,706
	29,540	Selective Insurance Group, Inc.		1,177,464
	11,110	ServisFirst Bancshares, Inc.		576,720
	14,710	Simmons First National Corporation		734,029
	12,416	Southside Bancshares, Inc.		399,547
	66,789	Sterling Bancorp		1,168,808
	11,860	Stewart Information Services Corporation		527,177
	23,580	Texas Capital Bancshares, Inc.^a		1,295,014
	6,210	Tompkins Financial Corporation		474,506
	49,032	TrustCo Bank Corporation		347,637
	22,280	UMB Financial Corporation		1,324,546
	34,360	United Bankshares, Inc.^b		1,294,341
	36,135	United Community Banks, Inc.		759,558
	10,940	United Fire Group, Inc.		462,981
	9,050	United Insurance Holdings Corporation		153,669
	16,630	Universal Insurance Holdings, Inc.^b		419,076
	2,870	Virtus Investment Partners, Inc.		280,858
	14,210	Walker & Dunlop, Inc.^a		358,945
	13,080	Westamerica Bancorporation^b		665,510
	26,400	Wintrust Financial Corporation		1,467,048
	3,012	World Acceptance Corporation^a,b		147,708

		Total		54,800,338


	Health Care (12.0%)
	11,450	Abaxis, Inc.		591,049
	15,120	Aceto Corporation		287,129


Shares		Common Stock (96.9%)	Value
	Health Care (12.0%) - continued
	23,510	Acorda Therapeutics, Inc.^a		$490,889
	7,510	Adeptus Health, Inc.^a,b		323,306
	17,740	Air Methods Corporation^a,b		558,633
	11,440	Albany Molecular Research, Inc.^a,b		188,874
	4,530	Almost Family, Inc.^a		166,568
	17,380	AMAG Pharmaceuticals, Inc.^a		425,984
	14,253	Amedisys, Inc.^a		676,162
	24,730	AMN Healthcare Services, Inc.^a		788,145
	19,040	Amphastar Pharmaceuticals, Inc.^a		361,189
	6,340	Analogic Corporation		561,724
	14,770	AngioDynamics, Inc.^a		259,066
	4,060	ANI Pharmaceuticals, Inc.^a		269,381
	7,530	Anika Therapeutics, Inc.^a		360,311
	14,420	Biotelemetry, Inc.^a		267,779
	16,370	Cambrex Corporation^a		727,810
	18,455	Cantel Medical Corporation		1,439,121
	8,240	Chemed Corporation		1,162,417
	5,440	Computer Programs and Systems, Inc.^b		141,766
	12,530	CONMED Corporation		501,952
	5,110	CorVel Corporation^a		196,224
	16,890	Cross Country Healthcare, Inc.^a		198,964
	13,800	CryoLife, Inc.		242,466
	12,060	Cynosure, Inc.^a		614,336
	31,170	Depomed, Inc.^a,b		778,938
	22,130	Diplomat Pharmacy, Inc.^a,b		619,861
	4,140	Eagle Pharmaceuticals, Inc.^a,b		289,800
	17,740	Emergent Biosolutions, Inc.^a		559,342
	7,080	Enanta Pharmaceuticals, Inc.^a,b		188,399
	24,240	Ensign Group, Inc.		487,951
	26,090	Haemonetics Corporation^a		944,719
	21,930	HealthEquity, Inc.^a		830,051
	13,020	HealthStream, Inc.^a		359,352
	16,160	Healthways, Inc.^a		427,594
	42,890	HMS Holdings Corporation^a		950,871
	7,460	ICU Medical, Inc.^a		942,795
	37,870	Impax Laboratories, Inc.^a		897,519
	8,170	Inogen, Inc.^a		489,383
	13,950	Integer Holdings Corporation^a		302,575
	15,220	Integra LifeSciences Holdings Corporation^a		1,256,411
	16,260	Invacare Corporation		181,624
	43,309	Kindred Healthcare, Inc.		442,618
	4,860	Landauer, Inc.		216,173
	14,950	Lannett Company, Inc.^a,b		397,222
	7,600	LHC Group, Inc.^a		280,288
	9,690	Ligand Pharmaceuticals, Inc.^a,b		988,961
	20,310	Luminex Corporation^a		461,443
	12,520	Magellan Health Services, Inc.^a		672,700
	22,370	Masimo Corporation^a		1,330,791
	35,670	Medicines Company^a		1,346,186
	27,750	Medidata Solutions, Inc.^a		1,547,340
	21,450	Meridian Bioscience, Inc.		413,770
	22,585	Merit Medical Systems, Inc.^a		548,590
	52,030	MiMedx Group, Inc.^a,b		446,417
	31,820	Momenta Pharmaceuticals, Inc.^a		371,976
	16,850	Natus Medical, Inc.^a		662,036
	70,380	Nektar Therapeutics^a		1,209,128
	19,125	Neogen Corporation^a		1,069,853
	18,470	Omnicell, Inc.^a		707,401
	15,840	PharMerica Corporation^a		444,629
	9,490	Phibro Animal Health Corporation		257,938
	6,340	Providence Service Corporation^a		308,314
	23,210	Quality Systems, Inc.		262,737
	14,950	Quorum Health Corporation^a		93,737
	17,270	Repligen Corporation^a		521,381


Shares		Common Stock (96.9%)	Value
	Health Care (12.0%) - continued
	25,560	SciClone Pharmaceuticals, Inc.^a		$261,990
	54,590	Select Medical Holdings Corporation^a		736,965
	35,670	Spectrum Pharmaceuticals, Inc.^a		166,579
	25,390	Supernus Pharmaceuticals, Inc.^a		627,895
	14,160	Surgical Care Affiliates, Inc.^a		690,442
	6,690	SurModics, Inc.^a		201,302
	6,400	U.S. Physical Therapy, Inc.		401,280
	8,850	Vascular Solutions, Inc.^a		426,836
	18,300	ZELTIQ Aesthetics, Inc.^a,b		717,726

		Total		41,541,074


	Industrials (17.4%)
	20,302	AAON, Inc.		585,104
	16,390	AAR Corporation		513,335
	28,560	ABM Industries, Inc.		1,133,832
	30,200	Actuant Corporation		701,848
	17,690	Aegion Corporation^a		337,348
	35,520	Aerojet Rocketdyne Holdings, Inc.^a		624,442
	10,480	Aerovironment, Inc.^a		255,817
	4,840	Alamo Group, Inc.		318,908
	14,670	Albany International Corporation		621,715
	6,640	Allegiant Travel Company		876,945
	7,130	American Woodmark Corporation^a		574,464
	14,780	Apogee Enterprises, Inc.		660,518
	19,970	Applied Industrial Technologies, Inc.		933,398
	12,030	ArcBest Corporation		228,811
	9,750	Astec Industries, Inc.		583,732
	12,690	Atlas Air Worldwide Holdings, Inc.^a		543,386
	13,330	AZZ, Inc.		870,049
	25,570	Barnes Group, Inc.		1,036,863
	23,850	Brady Corporation		825,448
	21,980	Briggs & Stratton Corporation		409,927
	22,700	Brink’s Company		841,716
	7,130	CDI Corporation		40,427
	14,000	Celadon Group, Inc.		122,360
	15,640	Chart Industries, Inc.^a		513,461
	8,360	CIRCOR International, Inc.		497,922
	19,010	Comfort Systems USA, Inc.		557,183
	12,630	Cubic Corporation		591,210
	6,600	DXP Enterprises, Inc.^a		186,054
	14,030	Echo Global Logistics, Inc.^a		323,532
	10,670	Encore Wire Corporation		392,336
	8,942	Engility Holdings, Inc.^a		281,673
	10,960	EnPro Industries, Inc.		622,747
	13,100	ESCO Technologies, Inc.		608,102
	18,990	Essendant, Inc.		389,675
	13,200	Exponent, Inc.		673,992
	30,610	Federal Signal Corporation		405,889
	15,450	Forward Air Corporation		668,367
	19,630	Franklin Electric Company, Inc.		799,137
	10,040	G & K Services, Inc.		958,720
	25,090	General Cable Corporation		375,848
	16,020	Gibraltar Industries, Inc.^a		595,143
	14,490	Greenbrier Companies, Inc.^b		511,497
	15,450	Griffon Corporation		262,804
	40,800	Harsco Corporation		405,144
	27,200	Hawaiian Holdings, Inc.^a		1,321,920
	36,897	Healthcare Services Group, Inc.		1,460,383
	22,158	Heartland Express, Inc.		418,343
	9,450	Heidrick & Struggles International, Inc.		175,297
	32,130	Hillenbrand, Inc.		1,016,593
	17,200	Hub Group, Inc.^a		701,072
	9,690	Insperity, Inc.		703,881
	33,050	Interface, Inc.		551,604
	14,770	John Bean Technologies Corporation		1,042,023


Shares		Common Stock (96.9%)	Value
	Industrials (17.4%) - continued
	13,710	Kaman Corporation		$602,143
	14,890	Kelly Services, Inc.		286,186
	33,930	Knight Transportation, Inc.		973,452
	29,470	Korn/Ferry International		618,870
	5,370	Lindsay Corporation^b		397,273
	8,750	Lydall, Inc.^a		447,387
	11,770	Marten Transport, Ltd.		247,170
	21,910	Matson, Inc.		873,771
	16,410	Matthews International Corporation		997,072
	22,680	Mobile Mini, Inc.		684,936
	16,590	Moog, Inc.^a		987,769
	29,250	Mueller Industries, Inc.		948,285
	6,710	Multi-Color Corporation		442,860
	8,210	MYR Group, Inc.^a		247,121
	2,520	National Presto Industries, Inc.^b		221,231
	24,210	Navigant Consulting, Inc.^a		489,526
	25,030	On Assignment, Inc.^a		908,339
	13,980	Orion Group Holdings, Inc.^a		95,763
	7,460	Patrick Industries, Inc.^a		461,923
	24,870	PGT, Inc.^a		265,363
	4,370	Powell Industries, Inc.		175,018
	12,200	Proto Labs, Inc.^a,b		730,902
	17,475	Quanex Building Products Corporation		301,618
	107,230	R.R. Donnelley & Sons Company		1,685,656
	18,400	Raven Industries, Inc.		423,752
	18,580	Resources Connection, Inc.		277,585
	15,570	Roadrunner Transportation Systems, Inc.^a		124,249
	12,880	Saia, Inc.^a		385,885
	20,990	Simpson Manufacturing Company, Inc.		922,510
	26,290	SkyWest, Inc.		694,319
	21,190	SPX Corporation^a		426,767
	21,190	SPX FLOW, Inc.^a		655,195
	6,460	Standex International Corporation		599,940
	26,470	TASER International, Inc.^a		757,307
	14,930	Team, Inc.^a		488,360
	8,840	Tennant Company		572,832
	29,336	Tetra Tech, Inc.		1,040,548
	22,330	Titan International, Inc.		225,980
	14,830	Trex Company, Inc.^a		870,818
	21,680	TrueBlue, Inc.^a		491,269
	11,000	U.S. Ecology, Inc.		493,240
	7,770	UniFirst Corporation		1,024,552
	10,390	Universal Forest Products, Inc.		1,023,311
	4,140	Veritiv Corporation^a		207,704
	10,370	Viad Corporation		382,342
	8,130	Vicor Corporation^a		94,308
	32,660	Wabash National Corporation^a		465,078
	18,660	WageWorks, Inc.^a		1,136,581
	14,180	Watts Water Technologies, Inc.		919,431

		Total		60,445,442


	Information Technology (15.5%)
	24,600	ADTRAN, Inc.		470,844
	20,270	Advanced Energy Industries, Inc.^a		959,176
	7,670	Agilysys, Inc.^a		85,290
	14,410	Anixter International, Inc.^a		929,445
	14,850	Badger Meter, Inc.		497,623
	4,390	Bel Fuse, Inc.		105,975
	24,900	Benchmark Electronics, Inc.^a		621,255
	7,530	Black Box Corporation		104,667
	24,070	Blackbaud, Inc.		1,596,804
	19,460	Blucora, Inc.^a		217,952
	19,090	Bottomline Technologies (de), Inc.^a		444,988


Shares		Common Stock (96.9%)	Value
	Information Technology (15.5%) - continued
	35,327	Brooks Automation, Inc.		$480,800
	12,290	Cabot Microelectronics Corporation		650,264
	12,340	CACI International, Inc.^a		1,245,106
	18,390	CalAmp Corporation^a		256,540
	23,080	Cardtronics, Inc.^a		1,029,368
	10,560	CEVA, Inc.^a		370,339
	37,150	Ciber, Inc.^a		42,722
	12,410	Coherent, Inc.^a		1,371,801
	12,630	Cohu, Inc.		148,276
	11,880	Comtech Telecommunications Corporation		152,183
	20,720	Cray, Inc.^a		487,749
	16,600	CSG Systems International, Inc.		686,078
	16,730	CTS Corporation		311,178
	20,380	Daktronics, Inc.		194,425
	25,640	DHI Group, Inc.^a		202,300
	13,180	Digi International, Inc.^a		150,252
	19,690	Diodes, Inc.^a		420,185
	11,060	DSP Group, Inc.^a		132,831
	8,990	DTS, Inc.		382,435
	11,480	Ebix, Inc.^b		652,638
	16,110	Electro Scientific Industries, Inc.^a		90,860
	23,820	Electronics for Imaging, Inc.^a		1,165,274
	16,640	EPIQ Systems, Inc.		274,394
	3,350	ePlus, Inc.^a		316,274
	21,240	Exar Corporation^a		197,744
	17,110	ExlService Holdings, Inc.^a		852,762
	18,620	Fabrinet^a		830,266
	8,400	FARO Technologies, Inc.^a		301,980
	5,040	Forrester Research, Inc.		196,056
	39,290	Harmonic, Inc.^a		232,990
	27,830	II-VI, Inc.^a		677,104
	18,045	Insight Enterprises, Inc.^a		587,365
	9,080	Interactive Intelligence Group, Inc.^a		546,071
	16,850	Itron, Inc.^a		939,556
	32,010	Ixia^a		400,125
	30,840	Kopin Corporation^a		67,231
	35,960	Kulicke and Soffa Industries, Inc.^a		464,963
	12,170	Liquidity Services, Inc.^a		136,791
	11,490	Littelfuse, Inc.		1,480,027
	27,210	LivePerson, Inc.^a		228,836
	12,900	LogMeIn, Inc.^b		1,166,031
	28,000	Lumentum Holdings, Inc.^a		1,169,560
	12,790	ManTech International Corporation		482,055
	20,630	Mercury Systems, Inc.^a		506,879
	18,860	Methode Electronics, Inc.		659,534
	4,810	MicroStrategy, Inc.^a		805,386
	27,470	MKS Instruments, Inc.		1,366,083
	20,860	Monotype Imaging Holdings, Inc.		461,215
	45,360	Monster Worldwide, Inc.^a		163,750
	8,460	MTS Systems Corporation		389,414
	12,690	Nanometrics, Inc.^a		283,495
	16,640	NETGEAR, Inc.^a		1,006,554
	31,640	NIC, Inc.		743,540
	9,110	OSI Systems, Inc.^a		595,612
	9,610	Park Electrochemical Corporation		166,926
	18,400	Perficient, Inc.^a		370,760
	16,980	Plexus Corporation^a		794,324
	14,690	Power Integrations, Inc.		925,911
	24,800	Progress Software Corporation^a		674,560
	14,660	Qualys, Inc.^a		559,865
	18,260	QuinStreet, Inc.^a		55,145
	56,260	Rambus, Inc.^a		703,250
	14,500	Rofin-Sinar Technologies, Inc.^a		466,610
	9,190	Rogers Corporation^a		561,325
	15,790	Rudolph Technologies, Inc.^a		280,115


Shares		Common Stock (96.9%)	Value
	Information Technology (15.5%) - continued
	37,840	Sanmina Corporation^a		$1,077,305
	12,980	ScanSource, Inc.^a		473,770
	33,730	Semtech Corporation^a		935,333
	9,730	Shutterstock, Inc.^a,b		619,801
	8,860	SPS Commerce, Inc.^a		650,413
	19,330	Super Micro Computer, Inc.^a		451,742
	20,290	Sykes Enterprises, Inc.^a		570,758
	21,380	Synchronoss Technologies, Inc.^a		880,428
	43,820	Take-Two Interactive Software, Inc.^a		1,975,406
	11,920	Tangoe, Inc.^a		98,340
	8,190	TeleTech Holdings, Inc.		237,428
	25,040	Tessera Technologies, Inc.		962,538
	61,680	TiVo Corp^a		1,201,526
	36,850	TTM Technologies, Inc.^a		421,932
	12,030	Ultratech, Inc.^a		277,652
	15,450	VASCO Data Security International, Inc.^a		272,075
	20,860	Veeco Instruments, Inc.^a		409,482
	118,550	Viavi Solutions, Inc.^a		876,084
	14,040	Virtusa Corporation^a		346,507
	12,600	XO Group, Inc.^a		243,558

		Total		53,728,135


	Materials (5.6%)
	14,850	A. Schulman, Inc.		432,432
	121,900	AK Steel Holding Corporation^a		588,777
	13,210	American Vanguard Corporation		212,153
	16,120	Balchem Corporation		1,249,784
	19,760	Boise Cascade Company^a		501,904
	25,720	Calgon Carbon Corporation		390,172
	25,600	Century Aluminum Company^a		177,920
	92,710	Chemours Company		1,483,360
	8,660	Clearwater Paper Corporation^a		560,042
	5,430	Deltic Timber Corporation		367,774
	26,040	Flotek Industries, Inc.^a,b		378,622
	11,500	FutureFuel Corporation		129,720
	25,610	H.B. Fuller Company		1,190,097
	4,880	Hawkins, Inc.		211,450
	6,360	Haynes International, Inc.		236,020
	37,820	Headwaters, Inc.^a		639,914
	21,730	Ingevity Corporation^a		1,001,753
	9,910	Innophos Holdings, Inc.		386,787
	12,240	Innospec, Inc.		744,314
	28,610	Intrepid Potash, Inc.^a		32,329
	9,120	Kaiser Aluminum Corporation		788,789
	45,010	KapStone Paper and Packaging Corporation		851,589
	10,500	Koppers Holdings, Inc.^a		337,890
	15,770	Kraton Performance Polymers, Inc.^a		552,581
	10,310	LSB Industries, Inc.^a,b		88,460
	10,090	Materion Corporation		309,864
	11,053	Myers Industries, Inc.		143,578
	8,580	Neenah Paper, Inc.		677,906
	4,570	Olympic Steel, Inc.		100,997
	22,270	PH Glatfelter Company		482,814
	6,730	Quaker Chemical Corporation		712,909
	22,010	Rayonier Advanced Materials, Inc.		294,274
	15,600	Schweitzer-Mauduit International, Inc.		601,536
	9,900	Stepan Company		719,334
	61,590	Stillwater Mining Company^a		822,842
	32,687	SunCoke Energy, Inc.		262,150
	19,670	TimkenSteel Corporation^a		205,552
	12,770	Tredegar Corporation		237,394


Shares		Common Stock (96.9%)	Value
	Materials (5.6%) - continued
	7,250	US Concrete, Inc.^a		$333,971

		Total		19,439,754


	Real Estate (6.7%)
	40,558	Acadia Realty Trust		1,469,822
	11,960	Agree Realty Corporation		591,302
	20,270	American Assets Trust, Inc.		879,313
	29,502	CareTrust REIT, Inc.		436,039
	38,740	Cedar Realty Trust, Inc.		278,928
	30,690	Chesapeake Lodging Trust		702,801
	17,320	CoreSite Realty Corporation		1,282,373
	107,820	Cousins Properties, Inc.		1,125,641
	102,617	DiamondRock Hospitality Company		933,815
	16,700	EastGroup Properties, Inc.		1,228,452
	13,540	Forestar Group, Inc.^a		158,553
	30,603	Four Corners Property Trust, Inc.		652,762
	54,170	Franklin Street Properties Corporation		682,542
	37,956	GEO Group, Inc.^b		902,594
	13,421	Getty Realty Corporation		321,164
	36,260	Government Properties Income Trust		820,201
	18,040	HFF, Inc.		499,528
	42,525	Kite Realty Group Trust		1,178,793
	108,559	Lexington Realty Trust		1,118,158
	20,010	LTC Properties, Inc.		1,040,320
	42,370	Parkway Properties, Inc.		720,714
	35,510	Pennsylvania Real Estate Investment Trust		817,795
	9,980	PS Business Parks, Inc.		1,133,428
	8,980	RE/MAX Holdings, Inc.		393,144
	55,550	Retail Opportunity Investments Corporation		1,219,878
	33,210	Sabra Health Care REIT, Inc.		836,228
	6,000	Saul Centers, Inc.		399,600
	44,510	Summit Hotel Properties, Inc.		585,752
	6,360	Universal Health Realty Income Trust		400,807
	14,690	Urstadt Biddle Properties, Inc.		326,412

		Total		23,136,859


	Telecommunications Services (1.2%)
	45,670	8x8, Inc.^a		704,688
	5,430	ATN International, Inc.		353,167
	107,980	Cincinnati Bell, Inc.^a		440,558
	20,740	Cogent Communications Holdings		763,439
	25,820	Consolidated Communications Holdings, Inc.		651,697
	14,040	General Communication, Inc.^a		193,050
	17,370	Inteliquent, Inc.		280,352
	41,350	Iridium Communications, Inc.^a,b		335,349
	11,980	Lumos Networks Corporation^a		167,720
	10,550	Spok Holdings, Inc.		188,001

		Total		4,078,021


	Utilities (3.3%)
	25,153	ALLETE, Inc.		1,499,622
	18,610	American States Water Company		745,330
	32,420	Avista Corporation		1,354,832
	24,350	California Water Service Group		781,392
	20,650	El Paso Electric Company		965,800
	14,100	Northwest Natural Gas Company		847,551
	41,410	Piedmont Natural Gas Company, Inc.		2,486,256
	40,380	South Jersey Industries, Inc.		1,193,229


Shares		Common Stock (96.9%)	Value
	Utilities (3.3%) - continued
	23,240	Spire, Inc.		$1,481,318

		Total		11,355,330



		Total Common Stock (cost $258,556,930)		335,774,618


Shares		Collateral Held for Securities Loaned (6.5%)	Value
	22,463,700	Thrivent Cash Management Trust		22,463,700

		Total Collateral Held for Securities Loaned (cost $22,463,700)		22,463,700


Shares or Principal Amount		Short-Term Investments (3.1%)^c	Value
		Federal Home Loan Bank Discount Notes
	700,000	0.365%, 10/7/2016^d		699,985
	100,000	0.440%, 2/13/2017^d		99,878
		Thrivent Core Short-Term Reserve Fund
	986,007	0.750%		9,860,074

		Total Short-Term Investments (cost $10,659,866)		10,659,937

		Total Investments (cost $291,680,496) 106.5%		$368,898,255

		Other Assets and Liabilities, Net (6.5%)		(22,493,954)

		Total Net Assets 100.0%		$346,404,301

a	Non-income producing security.

b	All or a portion of the security is on loan.

c	The interest rate shown reflects the yield, coupon rate or the discount rate at the date of purchase.

d	All or a portion of the security is held on deposit with the counterparty and pledged as the initial margin deposit for open futures contracts.

The following table presents the total amount of securities loaned with continuous maturity, by type, offset by the gross payable upon return of collateral for securities loaned by Thrivent Small Cap Index Portfolio as of September 30, 2016:


Securities Lending Transactions
Common Stock	$	22,244,687
Total lending	$	22,244,687
Gross amount payable upon return of collateral for securities loaned	$	22,463,700
Net amounts due to counterparty	$	219,013

Definitions:


REIT			-			Real Estate Investment Trust is a company that buys, develops, manages and/or sells real estate assets.

The following table is a summary of the inputs used, as of September 30, 2016, in valuing Small Cap Index Portfolio’s assets carried at fair value.

There were no significant transfers between Levels during the period ended September 30, 2016. Transfers between Levels are identified as of the end of the period.

The following table presents Small Cap Index Portfolio’s futures contracts held as of September 30, 2016. Investments and/or cash totaling $799,863 were pledged as the initial margin deposit for these contracts.

A summary of transactions for the fiscal year to date, in Small Cap Index Portfolio, is as follows:


Shares		Common Stock (91.1%)	Value
	Consumer Discretionary (10.7%)
	104,700	Aramark		$3,981,741
	299,650	Cheesecake Factory, Inc.		15,000,479
	482,300	Dish DBS Corporation^a		26,420,394
	211,200	Dollar Tree, Inc.^a		16,670,016
	269,119	Scripps Networks Interactive, Inc.		17,086,365
	300,300	Tempur-Pedic International, Inc.^a,b		17,039,022
	995,291	Time, Inc.		14,411,814
	569,986	Toll Brothers, Inc.^a		17,019,782
	97,300	Whirlpool Corporation		15,778,168

		Total		143,407,781


	Consumer Staples (3.1%)
	215,900	Ingredion, Inc.		28,727,654
	119,349	Molson Coors Brewing Company		13,104,520

		Total		41,832,174


	Energy (5.7%)
	94,725	Cimarex Energy Company		12,728,198
	357,550	Continental Resources, Inc.^a		18,578,298
	515,831	Parsley Energy, Inc.^a		17,285,497
	491,675	Patterson-UTI Energy, Inc.		10,998,770
	495,225	RPC, Inc.^a,b		8,319,780
	598,775	WPX Energy, Inc.^a		7,897,842

		Total		75,808,385


	Financials (15.6%)
	845,800	Assured Guaranty, Ltd.		23,470,950
	449,396	First Republic Bank		34,652,926
	3,619,575	Huntington Bancshares, Inc.		35,689,009
	2,125,000	KeyCorp		25,861,250
	176,300	M&T Bank Corporation		20,468,430
	500,322	Raymond James Financial, Inc.		29,123,744
	1,283,125	Zions Bancorporation		39,802,537

		Total		209,068,846


	Health Care (10.0%)
	161,432	C.R. Bard, Inc.		36,205,969
	156,550	Edwards Lifesciences Corporation^a		18,873,668
	810,850	Hologic, Inc.^a		31,485,306
	248,553	Universal Health Services, Inc.		30,626,701
	106,950	Waters Corporation^a		16,950,505

		Total		134,142,149


	Industrials (16.4%)
	298,400	AGCO Corporation		14,717,088
	150,340	Equifax, Inc.		20,232,757
	182,800	Huntington Ingalls Industries, Inc.		28,045,176
	779,200	Masco Corporation		26,734,352
	772,934	Oshkosh Corporation		43,284,304
	1,026,712	Southwest Airlines Company		39,928,830
	358,650	United Continental Holdings, Inc.^a		18,818,366
	246,800	WABCO Holdings, Inc.^a		28,019,204

		Total		219,780,077


	Information Technology (18.2%)
	309,875	Akamai Technologies, Inc.^a		16,420,276
	172,850	Alliance Data Systems Corporation^a		37,081,510
	1,241,883	Applied Materials, Inc.		37,442,772
	822,532	Juniper Networks, Inc.		19,790,120
	842,401	NVIDIA Corporation		57,721,317
	428,804	PayPal Holdings, Inc.^a		17,568,100
	429,400	Red Hat, Inc.^a		34,708,402
	1,091,672	Teradyne, Inc.		23,558,282

		Total		244,290,779


Shares		Common Stock (91.1%)	Value
	Materials (3.6%)
	874,000	Owens-Illinois, Inc.^a		$16,072,860
	1,304,763	Steel Dynamics, Inc.		32,606,027

		Total		48,678,887


	Real Estate (6.2%)
	191,100	Camden Property Trust		16,002,714
	174,850	Digital Realty Trust, Inc.		16,981,432
	618,250	Duke Realty Corporation		16,896,773
	580,800	General Growth Properties, Inc.		16,030,080
	1,075,948	Host Hotels & Resorts, Inc.		16,752,510

		Total		82,663,509


	Utilities (1.6%)
	505,700	Public Service Enterprise Group, Inc.		21,173,659

		Total		21,173,659



		Total Common Stock (cost $925,168,112)		1,220,846,246


Shares		Collateral Held for Securities Loaned (1.2%)	Value
	15,740,800	Thrivent Cash Management Trust		15,740,800

		Total Collateral Held for Securities Loaned (cost $15,740,800)		15,740,800


Shares or Principal Amount		Short-Term Investments (9.0%)c	Value
		Federal Home Loan Bank Discount Notes
	1,350,000	0.300%, 10/4/2016		1,349,993
	1,300,000	0.290%, 10/5/2016		1,299,986
	2,800,000	0.300%, 10/11/2016		2,799,883
	1,000,000	0.300%, 10/13/2016		999,947
	500,000	0.310%, 10/17/2016		499,963
	4,200,000	0.300%, 10/20/2016		4,199,622
	8,000,000	0.316%, 11/1/2016		7,998,584
	7,220,000	0.321%, 11/2/2016		7,218,679
	1,900,000	0.310%, 11/4/2016		1,899,628
	9,300,000	0.327%, 11/9/2016		9,297,898
	2,100,000	0.335%, 11/18/2016		2,099,410
	1,400,000	0.343%, 11/23/2016		1,399,563
	1,700,000	0.340%, 11/25/2016		1,699,449
	2,900,000	0.345%, 11/30/2016		2,898,973
	14,200,000	0.345%, 12/2/2016		14,193,851
	6,200,000	0.350%, 12/7/2016		6,197,092
		Thrivent Core Short-Term Reserve Fund
	5,476,794	0.750%		54,767,939

		Total Short-Term Investments (cost $120,812,024)		120,820,460

		Total Investments (cost $1,061,720,936) 101.3%		$1,357,407,506

		Other Assets and Liabilities, Net (1.3%)		(17,665,882)

		Total Net Assets 100.0%		$1,339,741,624

a	Non-income producing security.

b	All or a portion of the security is on loan.

c	The interest rate shown reflects the yield, coupon rate or the discount rate at the date of purchase.


Securities Lending Transactions
Common Stock	$	15,672,864
Total lending	$	15,672,864
Gross amount payable upon return of collateral for securities loaned	$	15,740,800
Net amounts due to counterparty	$	67,936


Unrealized Appreciation (Depreciation)
Gross unrealized appreciation and depreciation of investments, based on cost for federal income tax purposes, were as follows:

Gross unrealized appreciation	$	308,123,236
Gross unrealized depreciation		(12,436,666)

Net unrealized appreciation (depreciation)	$	295,686,570

Cost for federal income tax purposes	$	1,061,720,936

The following table is a summary of the inputs used, as of September 30, 2016, in valuing Mid Cap Stock Portfolio’s assets carried at fair value.

There were no significant transfers between Levels during the period ended September 30, 2016. Transfers between Levels are identified as of the end of the period.

A summary of transactions for the fiscal year to date, in Mid Cap Stock Portfolio, is as follows:


Shares		Common Stock (96.5%)	Value
	Consumer Discretionary (11.1%)
	10,070	Aaron's, Inc.		$255,979
	10,610	Abercrombie & Fitch Company		168,593
	9,400	AMC Networks, Inc.^a		487,484
	26,810	American Eagle Outfitters, Inc.^b		478,827
	26,442	Ascena Retail Group, Inc.^a		147,811
	7,020	Big Lots, Inc.		335,205
	8,625	Brinker International, Inc.		434,959
	14,120	Brunswick Corporation		688,774
	2,880	Buffalo Wild Wings, Inc.^a		405,331
	8,070	Cabela's, Inc.^a		443,285
	730	Cable One, Inc.		426,320
	11,600	Calatlantic Group, Inc.		387,904
	7,850	Carter's, Inc.		680,674
	7,000	Cheesecake Factory, Inc.		350,420
	20,750	Chico's FAS, Inc.		246,925
	1,960	Churchill Downs, Inc.		286,846
	16,550	Cinemark Holdings, Inc.		633,534
	3,740	Cracker Barrel Old Country Store, Inc.^b		494,503
	11,850	CST Brands, Inc.		569,867
	22,490	Dana, Inc.		350,619
	5,020	Deckers Outdoor Corporation^a		298,941
	8,900	DeVry Education Group, Inc.		205,234
	13,810	Dick's Sporting Goods, Inc.		783,303
	7,580	Domino's Pizza, Inc.		1,151,023
	14,410	Dunkin' Brands Group, Inc.		750,473
	6,520	Fossil, Inc.^a		181,060
	45,000	Gentex Corporation		790,200
	730	Graham Holdings Company		351,400
	9,660	Guess ?, Inc.		141,133
	4,370	Helen of Troy, Ltd.^a		376,563
	4,980	HSN, Inc.		198,204
	4,080	International Speedway Corporation		136,354
	47,970	J.C. Penney Company, Inc.^a,b		442,283
	5,130	Jack in the Box, Inc.		492,172
	7,000	John Wiley and Sons, Inc.		361,270
	20,110	Kate Spade & Company^a		344,484
	12,980	KB Home^b		209,238
	20,640	Live Nation Entertainment, Inc.^a		567,187
	5,730	Meredith Corporation		297,903
	5,770	Murphy USA, Inc.^a		411,747
	19,090	New York Times Company		228,126
	560	NVR, Inc.^a		918,327
	85,390	Office Depot, Inc.		304,842
	3,510	Panera Bread Company^a		683,467
	9,330	Polaris Industries, Inc.^b		722,515
	6,600	Pool Corporation		623,832
	5,970	Restoration Hardware Holdings, Inc.^a,b		206,443
	22,790	Sally Beauty Holdings, Inc.^a		585,247
	30,420	Service Corporation International		807,347
	20,830	Skechers USA, Inc.^a		477,007
	7,570	Sotheby's Holdings, Inc.^b		287,811
	7,950	Tempur-Pedic International, Inc.^a		451,083
	10,060	Texas Roadhouse, Inc.		392,642
	7,490	Thor Industries, Inc.		634,403
	15,690	Time, Inc.		227,191
	23,580	Toll Brothers, Inc.^a		704,099
	22,830	Tri Pointe Homes, Inc.^a		300,899
	7,920	Tupperware Brands Corporation		517,730
	9,440	Vista Outdoor, Inc.^a		376,278
	32,024	Wendy's Company		345,859
	12,850	Williams-Sonoma, Inc.^b		656,378

		Total		27,215,558


Shares		Common Stock (96.5%)	Value
	Consumer Staples (4.1%)
	67,730	Avon Products, Inc.		$383,352
	1,420	Boston Beer Company, Inc.^a		220,469
	6,130	Casey's General Stores, Inc.		736,520
	14,140	Dean Foods Company		231,896
	9,240	Edgewell Personal Care Company^a		734,765
	9,720	Energizer Holdings, Inc.		485,611
	28,445	Flowers Foods, Inc.^b		430,088
	16,160	Hain Celestial Group, Inc.^a		574,973
	11,310	Ingredion, Inc.		1,504,909
	3,050	Lancaster Colony Corporation		402,874
	10,170	Post Holdings, Inc.^a		784,819
	13,380	Snyder's-Lance, Inc.		449,300
	21,880	Sprouts Farmers Markets, Inc.^a		451,822
	2,736	Tootsie Roll Industries, Inc.^b		100,767
	8,890	TreeHouse Foods, Inc.^a		775,119
	7,840	United Natural Foods, Inc.^a		313,914
	27,740	WhiteWave Foods Company^a		1,509,888

		Total		10,091,086


	Energy (3.8%)
	27,680	Consol Energy, Inc.^b		531,456
	62,150	Denbury Resources, Inc.^a,b		200,745
	10,340	Diamond Offshore Drilling, Inc.		182,087
	5,900	Dril-Quip, Inc.^a		328,866
	15,230	Energen Corporation		879,076
	46,850	Ensco plc		398,225
	19,640	Gulfport Energy Corporation^a		554,830
	27,760	HollyFrontier Corporation		680,120
	44,550	Nabors Industries, Ltd.		541,728
	38,010	Noble Corporation		240,983
	15,330	Oceaneering International, Inc.		421,728
	8,020	Oil States International, Inc.^a		253,191
	23,090	Patterson-UTI Energy, Inc.		516,523
	37,720	QEP Resources, Inc.		736,672
	19,350	Rowan Companies plc		293,346
	13,610	SM Energy Company		525,074
	23,870	Superior Energy Services, Inc.		427,273
	12,400	Western Refining, Inc.		328,104
	11,030	World Fuel Services Corporation		510,248
	53,930	WPX Energy, Inc.^a		711,337

		Total		9,261,612


	Financials (14.5%)
	2,410	Alleghany Corporation^a		1,265,298
	11,415	American Financial Group, Inc.		856,125
	9,410	Aspen Insurance Holdings, Ltd.		438,412
	23,303	Associated Banc-Corp		456,506
	13,480	BancorpSouth, Inc.		312,736
	6,730	Bank of Hawaii Corporation		488,733
	14,240	Bank of the Ozarks, Inc.		546,816
	17,990	Brown & Brown, Inc.		678,403
	11,620	Cathay General Bancorp		357,664
	12,750	CBOE Holdings, Inc.		826,837
	10,960	Chemical Financial Corporation		483,665
	27,460	CNO Financial Group, Inc.		419,314
	13,020	Commerce Bancshares, Inc.		641,365
	8,670	Cullen/Frost Bankers, Inc.^b		623,720
	22,620	East West Bancorp, Inc.		830,380
	17,810	Eaton Vance Corporation		695,481
	10,050	Endurance Specialty Holdings, Ltd.		657,772
	6,550	Everest Re Group, Ltd.		1,244,304
	32,950	F.N.B. Corporation		405,285
	6,380	FactSet Research Systems, Inc.		1,034,198
	14,750	Federated Investors, Inc.		437,042
	17,090	First American Financial Corporation		671,295
	36,350	First Horizon National Corporation		553,611


Shares		Common Stock (96.5%)	Value
	Financials (14.5%) - continued
	27,150	Fulton Financial Corporation		$394,218
	77,400	Genworth Financial, Inc.^a		383,904
	12,160	Hancock Holding Company		394,349
	6,690	Hanover Insurance Group, Inc.		504,560
	9,060	International Bancshares Corporation		269,807
	22,410	Janus Capital Group, Inc.		313,964
	7,540	Kemper Corporation		296,473
	5,890	MarketAxess Holdings, Inc.		975,325
	11,150	MB Financial, Inc.		424,146
	5,670	Mercury General Corporation		310,999
	14,850	MSCI, Inc.		1,246,509
	76,101	New York Community Bancorp, Inc.		1,082,917
	38,220	Old Republic International Corporation		673,436
	18,910	PacWest Bancorp		811,428
	7,270	Primerica, Inc.^b		385,528
	12,460	PrivateBancorp, Inc.		572,163
	10,930	Prosperity Bancshares, Inc.		599,948
	19,725	Raymond James Financial, Inc.		1,148,192
	10,040	Reinsurance Group of America, Inc.		1,083,718
	6,460	RenaissanceRe Holdings, Ltd.		776,234
	21,180	SEI Investments Company		966,020
	8,430	Signature Bank^a		998,533
	67,180	SLM Corporation^a		501,835
	10,370	Stifel Financial Corporation^a		398,726
	8,150	SVB Financial Group^a		900,901
	19,260	Synovus Financial Corporation		626,528
	26,820	TCF Financial Corporation		389,158
	10,610	Trustmark Corporation		292,412
	34,490	Umpqua Holdings Corporation		519,074
	39,924	Valley National Bancorp		388,461
	15,385	W.R. Berkley Corporation		888,638
	12,960	Waddell & Reed Financial, Inc.		235,354
	14,137	Washington Federal, Inc.		377,175
	14,350	Webster Financial Corporation		545,443
	18,050	WisdomTree Investments, Inc.^b		185,734

		Total		35,786,772


	Health Care (7.9%)
	6,290	ABIOMED, Inc.^a		808,768
	13,840	Akorn, Inc.^a		377,278
	11,830	Align Technology, Inc.^a		1,109,062
	29,190	Allscripts Healthcare Solutions, Inc.^a		384,432
	8,610	AmSurg Corporation^a		577,300
	3,250	Bio-Rad Laboratories, Inc.^a		532,382
	5,830	Bio-Techne Corporation		638,385
	19,660	Catalent, Inc.^a		508,014
	7,420	Charles River Laboratories International, Inc.^a		618,383
	17,676	Community Health Systems, Inc.^a		203,981
	7,300	Halyard Health, Inc.^a		253,018
	9,340	Hill-Rom Holdings, Inc.		578,893
	14,000	IDEXX Laboratories, Inc.^a		1,578,220
	6,690	LifePoint Health, Inc.^a		396,249
	6,900	LivaNova plc^a		414,759
	14,420	Mednax, Inc.^a		955,325
	6,690	Molina Healthcare, Inc.^a		390,161
	7,930	NuVasive, Inc.^a		528,614
	9,760	Owens & Minor, Inc.		338,965
	8,270	PAREXEL International Corporation^a		574,352
	8,270	Prestige Brands Holdings, Inc.^a		399,193
	22,070	ResMed, Inc.		1,429,915
	13,460	STERIS plc		983,926
	6,870	Teleflex, Inc.		1,154,504
	12,460	Tenet Healthcare Corporation^a		282,344


Shares		Common Stock (96.5%)	Value
	Health Care (7.9%) - continued
	6,820	United Therapeutics Corporation^a		$805,306
	12,700	VCA Antech, Inc.^a		888,746
	6,940	Wellcare Health Plans, Inc.^a		812,605
	11,460	West Pharmaceutical Services, Inc.		853,770

		Total		19,376,850


	Industrials (13.7%)
	11,560	A.O. Smith Corporation		1,142,012
	24,070	AECOM^a		715,601
	10,660	AGCO Corporation		525,751
	14,810	Avis Budget Group, Inc.^a		506,650
	15,910	B/E Aerospace, Inc.		821,911
	10,110	Carlisle Companies, Inc.		1,036,983
	5,050	CEB, Inc.		275,073
	7,630	CLARCOR, Inc.		495,950
	8,230	Clean Harbors, Inc.^a		394,875
	15,270	Copart, Inc.^a		817,861
	7,730	Crane Company		487,067
	6,920	Curtiss-Wright Corporation		630,481
	7,630	Deluxe Corporation		509,837
	20,850	Donaldson Company, Inc.		778,330
	4,920	Dycom Industries, Inc.^a		402,358
	9,500	EMCOR Group, Inc.		566,390
	6,800	EnerSys		470,492
	4,630	Esterline Technologies Corporation^a		352,065
	6,580	FTI Consulting, Inc.^a		293,205
	6,320	GATX Corporation		281,556
	8,960	Genesee & Wyoming, Inc.^a		617,792
	8,710	Graco, Inc.		644,540
	6,190	Granite Construction, Inc.		307,891
	9,310	Herman Miller, Inc.		266,266
	6,870	HNI Corporation		273,426
	8,070	Hubbell, Inc.		869,462
	7,351	Huntington Ingalls Industries, Inc.		1,127,790
	11,910	IDEX Corporation		1,114,419
	13,990	ITT Corporation		501,402
	50,665	JetBlue Airways Corporation^a		873,465
	15,390	Joy Global, Inc.		426,918
	22,310	KBR, Inc.		337,550
	12,480	Kennametal, Inc.		362,170
	8,430	Kirby Corporation^a		524,009
	8,245	KLX, Inc.^a		290,224
	6,600	Landstar System, Inc.		449,328
	6,160	Lennox International, Inc.		967,305
	9,910	Lincoln Electric Holdings, Inc.		620,564
	10,750	Manpower, Inc.		776,795
	4,860	MSA Safety, Inc.		282,074
	6,970	MSC Industrial Direct Company, Inc.		511,668
	8,320	Nordson Corporation		828,922
	16,840	NOW, Inc.^a		360,881
	10,910	Old Dominion Freight Line, Inc.^a		748,535
	9,130	Orbital ATK, Inc.		695,980
	11,530	Oshkosh Corporation		645,680
	7,000	Regal-Beloit Corporation		416,430
	15,038	Rollins, Inc.		440,313
	5,410	Teledyne Technologies, Inc.^a		583,901
	17,020	Terex Corporation		432,478
	11,040	Timken Company		387,946
	17,060	Toro Company		799,090
	23,920	Trinity Industries, Inc.		578,386
	7,760	Triumph Group, Inc.		216,349
	3,540	Valmont Industries, Inc.		476,378
	14,110	Wabtec Corporation		1,152,081
	4,050	Watsco, Inc.		570,645
	6,990	Werner Enterprises, Inc.		162,657


Shares		Common Stock (96.5%)	Value
	Industrials (13.7%) - continued
	8,670	Woodward, Inc.		$541,702

		Total		33,687,860


	Information Technology (17.5%)
	16,510	3D Systems Corporation^a,b		296,354
	18,230	ACI Worldwide, Inc.^a		353,297
	12,090	Acxiom Corporation^a		322,198
	112,210	Advanced Micro Devices, Inc.^a		775,371
	13,680	ANSYS, Inc.^a		1,266,905
	29,920	ARRIS International plc^a		847,634
	14,220	Arrow Electronics, Inc.^a		909,653
	19,900	Avnet, Inc.		817,094
	6,600	Belden, Inc.		455,334
	18,540	Broadridge Financial Solutions, Inc.		1,256,827
	62,730	Brocade Communications Systems, Inc.		578,998
	45,780	Cadence Design Systems, Inc.^a		1,168,763
	23,540	CDK Global, Inc.		1,350,254
	21,610	Ciena Corporation^a		471,098
	9,820	Cirrus Logic, Inc.^a		521,933
	13,320	Cognex Corporation		704,095
	6,470	CommVault Systems, Inc.^a		343,751
	21,900	Computer Sciences Corporation		1,143,399
	7,030	comScore, Inc.^a		215,540
	14,960	Convergys Corporation		455,083
	13,810	CoreLogic, Inc.^a		541,628
	15,750	Cree, Inc.^a		405,090
	50,430	Cypress Semiconductor Corporation^b		613,229
	11,690	Diebold, Inc.		289,795
	5,100	DST Systems, Inc.		601,392
	4,840	Fair Isaac Corporation		603,016
	23,040	Fortinet, Inc.^a		850,867
	16,280	GameStop Corporation^b		449,165
	12,970	Gartner, Inc.^a		1,147,196
	23,410	Ingram Micro, Inc.		834,801
	21,120	Integrated Device Technology, Inc.^a		487,872
	5,350	InterDigital, Inc.		423,720
	21,200	Intersil Corporation		464,916
	5,840	IPG Photonics Corporation^a		480,924
	7,570	j2 Global, Inc.		504,238
	30,090	Jabil Circuit, Inc.		656,564
	12,320	Jack Henry & Associates, Inc.		1,053,976
	26,620	Keysight Technologies, Inc.^a		843,588
	13,910	Knowles Corporation^a		195,435
	22,155	Leidos Holdings, Inc.		958,868
	9,800	Lexmark International, Inc.		391,608
	11,240	Manhattan Associates, Inc.^a		647,649
	10,100	MAXIMUS, Inc.		571,256
	16,930	Mentor Graphics Corporation		447,629
	17,790	Microsemi Corporation^a		746,824
	5,840	Monolithic Power Systems, Inc.		470,120
	16,512	National Instruments Corporation		468,941
	19,390	NCR Corporation^a		624,164
	14,420	NetScout Systems, Inc.^a		421,785
	8,520	NeuStar, Inc.^a,b		226,547
	5,200	Plantronics, Inc.		270,192
	17,950	PTC, Inc.^a		795,365
	16,740	Rackspace Hosting, Inc.^a		530,491
	7,014	Science Applications International Corporation		486,561
	6,550	Silicon Laboratories, Inc.^a		385,140
	5,450	Synaptics, Inc.^a		319,261
	4,530	SYNNEX Corporation		516,918
	23,770	Synopsys, Inc.^a		1,410,750
	5,520	Tech Data Corporation^a		467,599
	31,720	Teradyne, Inc.		684,518


Shares		Common Stock (96.5%)	Value
	Information Technology (17.5%) - continued
	39,080	Trimble Navigation, Ltd.^a		$1,116,125
	5,180	Tyler Technologies, Inc.^a		886,971
	4,530	Ultimate Software Group, Inc.^a		925,887
	17,380	VeriFone Systems, Inc.^a		273,561
	7,090	ViaSat, Inc.^a		529,269
	21,060	Vishay Intertechnology, Inc.		296,735
	6,180	WebMD Health Corporation^a		307,146
	6,000	WEX, Inc.^a		648,540
	8,250	Zebra Technologies Corporation^a		574,283

		Total		43,101,696


	Materials (7.0%)
	17,000	Allegheny Technologies, Inc.^b		307,190
	9,860	AptarGroup, Inc.		763,263
	9,670	Ashland Global Holdings, Inc.		1,121,236
	14,830	Bemis Company, Inc.		756,478
	9,770	Cabot Corporation		512,046
	7,270	Carpenter Technology Corporation		299,960
	17,920	Commercial Metals Company		290,125
	5,300	Compass Minerals International, Inc.		390,610
	9,770	Domtar Corporation		362,760
	7,560	Eagle Materials, Inc.		584,388
	4,020	Greif, Inc.		199,352
	22,260	Louisiana-Pacific Corporation^a		419,156
	5,410	Minerals Technologies, Inc.		382,433
	1,450	NewMarket Corporation		622,514
	25,860	Olin Corporation		530,647
	14,770	Packaging Corporation of America		1,200,210
	13,190	PolyOne Corporation		445,954
	11,350	Reliance Steel & Aluminum Company		817,540
	10,180	Royal Gold, Inc.		788,237
	20,830	RPM International, Inc.		1,118,988
	7,080	Scotts Miracle-Gro Company		589,552
	7,010	Sensient Technologies Corporation		531,358
	6,440	Silgan Holdings, Inc.		325,800
	15,690	Sonoco Products Company		828,903
	38,450	Steel Dynamics, Inc.		960,865
	26,330	United States Steel Corporation		496,584
	11,410	Valspar Corporation		1,210,259
	6,880	Worthington Industries, Inc.		330,446

		Total		17,186,854


	Real Estate (11.4%)
	7,190	Alexander & Baldwin, Inc.		276,240
	12,170	Alexandria Real Estate Equities, Inc.		1,323,731
	20,440	American Campus Communities, Inc.		1,039,783
	13,620	Camden Property Trust		1,140,539
	13,200	Care Capital Properties, Inc.		376,200
	21,240	Communications Sales & Leasing, Inc.		667,148
	14,840	Corporate Office Properties Trust		420,714
	18,140	Corrections Corporation of America		251,602
	14,090	DCT Industrial Trust, Inc.		684,069
	22,450	Douglas Emmett, Inc.		822,343
	54,850	Duke Realty Corporation		1,499,050
	11,460	Education Realty Trust, Inc.		494,384
	9,930	EPR Properties		781,888
	14,400	Equity One, Inc.		440,784
	18,280	First Industrial Realty Trust, Inc.		515,862
	18,160	Healthcare Realty Trust, Inc.		618,530
	15,450	Highwoods Properties, Inc.		805,254
	25,630	Hospitality Properties Trust		761,724
	7,040	Jones Lang LaSalle, Inc.		801,082
	14,410	Kilroy Realty Corporation		999,333
	13,000	Lamar Advertising Company		849,030
	17,680	LaSalle Hotel Properties		422,022


Shares		Common Stock (96.5%)	Value
	Real Estate (11.4%) - continued
	22,910	Liberty Property Trust		$924,418
	7,280	Life Storage, Inc.		647,483
	14,040	Mack-Cali Realty Corporation		382,169
	46,170	Medical Properties Trust, Inc.		681,931
	11,810	Mid-America Apartment Communities, Inc.		1,110,022
	23,000	National Retail Properties, Inc.		1,169,550
	30,290	Omega Healthcare Investors, Inc.		1,073,780
	8,380	Post Properties, Inc.		554,169
	6,337	Potlatch Corporation		246,446
	19,242	Rayonier, Inc. REIT		510,683
	16,330	Regency Centers Corporation		1,265,412
	37,180	Senior Housing Property Trust		844,358
	15,010	Tanger Factory Outlet Centers, Inc.		584,790
	9,470	Taubman Centers, Inc.		704,663
	14,280	Urban Edge Properties		401,839
	28,850	Washington Prime Group, Inc.		357,163
	18,390	Weingarten Realty Investors		716,842

		Total		28,167,030


	Telecommunications Services (0.2%)
	14,685	Telephone & Data Systems, Inc.		399,138

		Total		399,138


	Utilities (5.3%)
	27,772	Aqua America, Inc.		846,491
	16,250	Atmos Energy Corporation		1,210,137
	8,180	Black Hills Corporation		500,780
	32,083	Great Plains Energy, Inc.		875,545
	16,950	Hawaiian Electric Industries, Inc.		505,958
	7,870	IDACORP, Inc.		616,064
	30,535	MDU Resources Group, Inc.		776,810
	13,300	National Fuel Gas Company		719,131
	13,500	New Jersey Resources Corporation		443,610
	7,510	NorthWestern Corporation		432,050
	31,190	OGE Energy Corporation		986,228
	8,150	ONE Gas, Inc.		503,996
	12,445	PNM Resources, Inc.		407,200
	7,440	Southwest Gas Corporation		519,758
	13,480	Talen Energy Corporation^a		186,698
	27,090	UGI Corporation		1,225,552
	12,970	Vectren Corporation		651,094
	22,210	Westar Energy, Inc.		1,260,417
	7,960	WGL Holdings, Inc.		499,092

		Total		13,166,611



		Total Common Stock (cost $198,538,109)		237,441,067


Shares		Collateral Held for Securities Loaned (2.9%)	Value
	7,235,938	Thrivent Cash Management Trust		7,235,938

		Total Collateral Held for Securities Loaned (cost $7,235,938)		7,235,938


Shares or Principal Amount		Short-Term Investments (3.5%)^c	Value
		Federal Home Loan Bank Discount Notes
	400,000	0.295%, 10/7/2016^d		399,992
	400,000	0.290%, 10/26/2016		399,952
	1,200,000	0.291%, 11/2/2016^d		1,199,780
	100,000	0.325%, 11/14/2016^d		99,974


Shares or Principal Amount		Short-Term Investments (3.5%)^c	Value
		Thrivent Core Short-Term Reserve Fund
	641,483	0.750%		$6,414,835

		Total Short-Term Investments (cost $8,514,385)		8,514,533

		Total Investments (cost $214,288,432) 102.9%		$253,191,538

		Other Assets and Liabilities, Net (2.9%)		(7,253,173)

		Total Net Assets 100.0%		$245,938,365

a	Non-income producing security.

b	All or a portion of the security is on loan.

c	The interest rate shown reflects the yield, coupon rate or the discount rate at the date of purchase.

d	All or a portion of the security is held on deposit with the counterparty and pledged as the initial margin deposit for open futures contracts.


Securities Lending Transactions
Common Stock	$	6,816,596

Total lending	$	6,816,596
Gross amount payable upon return of collateral for securities loaned	$	7,235,938

Net amounts due to counterparty	$	419,342

Definitions:


REIT		-		Real Estate Investment Trust is a company that buys, develops, manages and/or sells real estate assets.

The following table is a summary of the inputs used, as of September 30, 2016, in valuing Mid Cap Index Portfolio's assets carried at fair value.

There were no significant transfers between Levels during the period ended September 30, 2016. Transfers between Levels are identified as of the end of the period.

The following table presents Mid Cap Index Portfolio's futures contracts held as of September 30, 2016. Investments and/or cash totaling $599,948 were pledged as the initial margin deposit for these contracts.

A summary of transactions for the fiscal year to date, in Mid Cap Index Portfolio, is as follows:


Shares		Common Stock (87.1%)	Value
	Australia (6.4%)
	45,778	Altium, Ltd.		$324,212
	24,438	APN Outdoor Group Pty, Ltd.		103,240
	246,111	Aristocrat Leisure, Ltd.		2,994,418
	747,600	Australia & New Zealand Banking Group, Ltd.		15,925,064
	451,696	Bendigo and Adelaide Bank, Ltd.		3,746,286
	76,200	BHP Billiton, Ltd.		1,319,976
	375,989	BlueScope Steel, Ltd.		2,244,664
	170,009	BWP Trust		419,378
	432,634	Challenger, Ltd.		3,387,840
	249,480	Charter Hall Group		980,930
	35,470	Cochlear, Ltd.		3,844,704
	73,240	Commonwealth Bank of Australia		4,084,104
	14,567	Costa Group Holdings, Ltd.		33,485
	1,546,752	Cromwell Property Group		1,114,996
	889,067	CSR, Ltd.		2,478,817
	284,100	FlexiGroup, Ltd.		507,256
	1,320,697	Fortescue Metals Group, Ltd.		5,055,076
	214,005	Genworth Mortgage Insurance Australia, Ltd.		442,382
	417,193	Incitec Pivot, Ltd.		906,736
	726,166	Investa Office Fund		2,548,598
	72,550	IOOF Holdings, Ltd.^a		483,699
	128,094	JB Hi-Fi, Ltd.		2,851,027
	19,408	JB Hi-Fi, Ltd., Rights^b,c		42,797
	60,163	Macquarie Group, Ltd.		3,804,982
	1,636,325	Metcash, Ltd.^c		2,630,921
	284,450	Mineral Resources, Ltd.		2,425,361
	130,687	Myer Holdings, Ltd.		117,268
	46,100	National Australia Bank, Ltd.		990,966
	1,805,236	Orora, Ltd.		4,378,206
	567,067	OZ Minerals, Ltd.		2,651,739
	106,179	Pact Group Holdings, Ltd.		516,253
	49,400	Qantas Airways, Ltd.		118,650
	59,987	Ramsay Health Care, Ltd.		3,650,141
	220,496	Regis Resources, Ltd.		646,630
	45,244	Rio Tinto, Ltd.		1,799,832
	268,658	Sandfire Resources NL		1,046,821
	12,965	Seven Group Holdings, Ltd.		85,760
	183,272	Sigma Pharmaceuticals, Ltd.		199,339
	436,253	Southern Cross Media Group, Ltd.		492,897
	219,017	St Barbara, Ltd.^c		531,228
	553,733	Star Entertainment Group, Ltd.		2,568,230
	40,566	Super Retial Group, Ltd.		318,047
	26,032	Technology One, Ltd.		119,034
	524,792	Telstra Corporation, Ltd.		2,092,409
	464,222	Treasury Wine Estates, Ltd.		3,939,712
	7,700	Wesfarmers, Ltd.		261,039
	246,600	Western Areas, Ltd.^a,c		550,194
	710,400	Westpac Banking Corporation		16,163,161
	96,620	Whitehaven Coal, Ltd.^c		183,280

		Total		108,121,785


	Austria (0.4%)
	3,765	Lenzing AG		439,744
	184,705	OMV AG		5,318,060
	2,041	Porr AG		73,343
	7,076	S IMMO AG		74,459
	20,200	Vienna Insurance Group AG Wiener Versicherung Gruppe		410,061
	19,800	Voestalpine AG		684,509

		Total		7,000,176


	Belgium (0.9%)
	103,812	Agfa-Gevaert NV^c		327,204
	30,243	Anheuser-Busch InBev NV		3,977,212


Shares		Common Stock (87.1%)	Value
	Belgium (0.9%) - continued
	5,302	Barco NV		$416,029
	5,259	Befimmo SA		317,664
	21,951	bpost SA		595,256
	1,020	Gimv NV		54,162
	10,300	Groupe Bruxelles Lambert SA		914,263
	6,039	Ion Beam Applications SA		307,318
	18,188	Melexis NV		1,306,855
	104,603	NV Bekaert SA		4,788,344
	10,600	Proximus SA		317,111
	17,040	SA D’Ieteren NV		794,700
	18,669	Tessenderlo Chemie NV^c		625,088
	7,263	Warehouses De Pauw CVA		722,008

		Total		15,463,214


	Bermuda (0.1%)
	3,407	Brookfield Business Partners, LP^a		89,593
	3,159,000	G-Resources Group, Ltd.		58,350
	4,902	HAL Trust		992,693

		Total		1,140,636


	Brazil (1.6%)
	424,000	Ambev SA		2,590,557
	750,300	Banco Bradesco SA ADR		6,805,221
	200,333	BRF SA		3,423,737
	553,245	Lojas Renner SA		4,179,767
	174,982	Multiplan Empreendimentos Imobiliarios SA		3,414,467
	258,000	Ultrapar Participacoes SA ADR		5,647,620
	86,490	Vale SA ADR^a		475,695

		Total		26,537,064


	Canada (3.3%)
	12,652	AutoCanada, Inc.		213,607
	37,826	Bank of Montreal		2,478,678
	63,253	Baytex Energy Corporation^a,c		268,546
	128,134	Brookfield Asset Management, Inc.		4,505,371
	92,746	Canadian National Railway Company		6,062,652
	77,660	CGI Group, Inc.^c		3,699,054
	115,871	CI Financial Corporation^a		2,223,006
	71,845	Cominar Real Estate Investment Trust		835,668
	70,097	Dollarama, Inc.		5,472,797
	636	Dream Industrial Real Estate Investment Trust		3,806
	31,028	Dream Office Real Estate Investment Trust		400,163
	1,186	Finning International, Inc.		22,058
	48,985	Freehold Royalties, Ltd.^a		472,320
	4,348	George Weston, Ltd.		362,701
	122,054	H&R Real Estate Investment Trust		2,086,719
	30,088	IGM Financial, Inc.		812,315
	795,871	Kinross Gold Corporation^c		3,354,676
	39,228	Mercer International, Inc.		332,261
	47,471	National Bank of Canada		1,683,258
	11,262	NuVista Energy, Ltd.^c		58,029
	47,834	Premium Brands Holdings Corporation		2,253,242
	87,799	Restaurant Brands International, Inc.		3,914,967
	132,400	Seven Generations Energy, Ltd.^c		3,187,006
	151,599	Teck Resources, Ltd.^a		2,732,815
	70,174	Toronto-Dominion Bank		3,115,160
	97,909	Transcanada Corporation^a		4,650,108
	393,423	Yamana Gold, Inc.		1,694,302

		Total		56,895,285


	Cayman Islands (0.2%)
	2,817,180	WH Group, Ltd.^d		2,276,966


Shares		Common Stock (87.1%)	Value
	Cayman Islands (0.2%) - continued
	1,062,000	Xinyi Glass Holdings Company, Ltd.		$965,535

		Total		3,242,501


	Chile (0.2%)
	139,315	Banco Santander Chile SA ADR		2,882,427

		Total		2,882,427


	China (0.3%)
	4,954,073	Lenovo Group, Ltd.		3,306,579
	2,578,000	PetroChina Company, Ltd.		1,708,848

		Total		5,015,427


	Denmark (1.6%)
	5,909	Aktieselskabet Schouw & Company		385,048
	26,425	DFDS AS		1,338,977
	30,700	DSV AS		1,531,782
	29,468	GN Store Nord AS		635,456
	16,330	NKT Holding AS		1,053,959
	203,986	Novo Nordisk AS		8,501,875
	31,747	Pandora AS		3,845,187
	462	Rockwool International AS		83,240
	99,082	Royal Unibrew AS		4,902,192
	5,459	Spar Nord Bank AS		52,767
	13,648	Sydbank AS		416,080
	57,233	Vestas Wind Systems AS		4,727,650

		Total		27,474,213


	Faroe Islands (0.1%)
	57,453	Bakkafrost PF		2,403,516

		Total		2,403,516


	Finland (1.0%)
	1,687	Cargotec Oyj		77,422
	20,373	Cramo Oyj		524,601
	89,200	Elisa Oyj		3,287,330
	53,500	Fortum Oyj		864,561
	70,132	KONE Oyj		3,560,411
	17,500	Orion Oyj		689,918
	110,967	Outokumpu Oyj^c		761,863
	31,747	Ramirent Oyj		256,007
	113,266	Sponda Oyj		582,737
	18,141	Tieto Oyj		572,656
	257,688	UPM-Kymmene Oyj		5,441,001
	3,177	Valmet Oyj		47,803

		Total		16,666,310


	France (5.0%)
	300	Air Liquide SA		32,171
	5,227	Alten SA		365,646
	11,793	Assystem		347,223
	360,835	AXA SA		7,672,178
	42,123	Bollore SA		146,640
	44,161	Cap Gemini SA		4,329,720
	10,099	Christian Dior SE		1,811,233
	51,188	Eiffage SA		3,978,072
	12,116	Elior Participations SCA^d		277,422
	2,416	Euler Hermes Group		205,411
	4,402	Eurofins Scientific SE		1,999,739
	214,636	Eutelsat Communications		4,442,421
	23,910	Faurecia		938,297
	10,800	Fonciere des Regions SA		1,006,389
	1,936	Guerbet		130,814
	33,809	Havas SA		286,123
	9,800	Imerys SA		707,830
	22,621	Ipsos SA		738,920
	18,727	Korian Medica SA		602,719


Shares		Common Stock (87.1%)	Value
	France (5.0%) - continued
	34,400	Legrand SA		$2,028,007
	25,947	Neopost SA		701,418
	44,994	Nexans SA^c		2,581,375
	29,234	Nexity SA		1,543,918
	228,836	Orange SA		3,585,318
	22,100	Peugeot SA^c		337,486
	146,100	Sanofi		11,125,709
	81,999	SCOR SE		2,550,018
	2,186	SEB SA		308,738
	4,861	Tarkett SA		196,578
	7,435	Teleperformance SA		793,104
	43,146	Thales SA		3,972,943
	352,672	Total SA^a		16,773,373
	64,815	UbiSoft Entertainment SA^c		2,448,981
	2,465	Vicat SA		159,254
	86,084	Vinci SA		6,592,207

		Total		85,717,395


	Germany (6.5%)
	6,856	Aareal Bank AG		226,641
	41,246	Adidas AG		7,173,726
	63,500	Allianz SE		9,436,797
	21,120	AURELIUS Equity Opportunities SE & Company KGaA		1,334,620
	5,771	Aurubis AG		323,604
	32,676	Bayer AG		3,281,677
	4,746	Bechtle AG		549,479
	3,619	Carl Zeiss Meditec AG		138,513
	5,438	Cewe Stiftung & Company KGaA		489,197
	19,520	Deutsche EuroShop AG		907,594
	362,013	Deutsche Telekom AG		6,082,037
	130,610	Deutsche Wohnen AG		4,752,674
	13,961	DIC Asset AG		140,988
	73,600	E.ON SE		523,114
	99,599	Evonik Industries AG		3,371,876
	203,633	Evotec AG^c		1,149,817
	35,100	Fraport AG Frankfurt Airport Services Worldwide		1,921,037
	56,500	Freenet AG		1,653,688
	83,599	Fresenius SE & Company KGaA		6,678,053
	32,816	Gerresheimer AG		2,790,130
	4,915	Grammer AG		298,184
	24,777	Hannover Rueckversicherung SE		2,655,993
	6,886	Homag Group AG		308,837
	9,363	Indus Holding AG		533,712
	31,512	Jenoptik AG		576,574
	16,398	Jungheinrich AG		555,010
	161,817	Kloeckner & Company SE^c		1,971,985
	10,537	Koenig & Bauer AG^c		495,734
	21,000	Merck KGaA		2,265,174
	500	MTU Aero Engines AG		50,625
	15,112	Nemetschek SE		926,802
	56,031	Osram Licht AG		3,291,637
	15,911	Pfeiffer Vacuum Technology AG		1,512,579
	2,182	Salzgitter AG		71,537
	107,068	SAP SE		9,791,674
	160,947	Siemens AG		18,872,793
	66,264	Software AG		2,808,390
	20,314	Stada Arzneimittel AG		1,130,257
	1,326	STRATEC Biomedical AG		76,561
	95,965	Suedzucker AG		2,668,863
	109,909	TAG Immobilien AG		1,600,874
	15,132	Takkt AG		339,292
	67,149	Talanx AG		2,049,064
	766	Tipp24 SE		27,097
	1,600	Volkswagen AG		231,686


Shares		Common Stock (87.1%)	Value
	Germany (6.5%) - continued
	70,607	Zalando SE^d		$2,950,070

		Total		110,986,266


	Hong Kong (2.9%)
	1,403,800	AIA Group, Ltd.		9,440,196
	138,000	Cathay Pacific Airways, Ltd.		192,915
	284,000	Champion REIT		172,811
	574,000	Cheung Kong Property Holdings, Ltd.		4,222,261
	638,300	China Mobile, Ltd.		7,841,112
	124,000	Dah Sing Financial Holdings, Ltd.		817,040
	264,000	Giordano International, Ltd.		136,081
	18,000	Great Eagle Holdings, Ltd.		80,960
	222,000	Haitong International Securities Group, Ltd.		149,004
	1,304,000	Hang Lung Group, Ltd.		4,986,571
	180,000	Hang Lung Properties, Ltd.		408,301
	104,533	Hong Kong Exchanges and Clearing, Ltd.		2,766,502
	31,500	Hopewell Holdings, Ltd.		115,464
	188,000	Hutchison Telecommunications Hong Kong Holdings, Ltd.		63,984
	2,117,000	New World Development Company, Ltd.		2,776,008
	4,738,647	PCCW, Ltd.		2,918,604
	2,172,000	Shun Tak Holdings, Ltd.		704,223
	1,434,500	SmarTone Telecommunications Holdings, Ltd.		2,376,333
	105,000	Sunlight Real Estate Investment Trust		67,088
	226,000	Swire Pacific, Ltd.		2,447,636
	587,500	Swire Pacific, Ltd., Class B		1,147,228
	347,700	Swire Properties, Ltd.		1,022,644
	576,000	Texwinca Holdings, Ltd.		399,111
	1,190,000	Truly International Holdings, Ltd.		486,621
	438,000	Wharf Holdings, Ltd.		3,213,419

		Total		48,952,117


	Hungary (0.2%)
	146,000	Richter Gedeon Nyrt		2,967,096

		Total		2,967,096


	India (2.4%)
	16,568	Grasim Industries, Ltd.		1,204,377
	8,000	Grasim Industries, Ltd. GDR		580,720
	70,600	Hero Motocorp, Ltd.		3,627,342
	277,000	Hindustan Unilever, Ltd.		3,613,971
	424,741	Housing Development Finance Corporation		8,908,944
	1,148,000	ICICI Bank, Ltd.		4,336,262
	237,956	Infosys, Ltd.		3,700,748
	1,742,313	ITC, Ltd.		6,322,608
	66,621	Tata Consultancy Services, Ltd.		2,434,670
	114,696	Ultra Tech Cement, Ltd.		6,641,640
	4,570	Ultra Tech Cement, Ltd. GDR		264,368

		Total		41,635,650


	Indonesia (0.7%)
	14,912,100	Astra International Tbk PT		9,462,090
	2,335,400	Indocement Tunggal Prakarsa Tbk PT		3,113,731

		Total		12,575,821


	Ireland (0.5%)
	90,758	CRH plc		3,013,726
	41,889	DCC plc		3,805,871
	452,465	Henderson Group plc		1,358,249


Shares		Common Stock (87.1%)	Value
	Ireland (0.5%) - continued
	58,463	Hibernia REIT plc		$89,974

		Total		8,267,820


	Israel (0.1%)
	35,237	Amot Investments, Ltd.		157,201
	93,169	El Al Israel Airlines, Ltd.		85,740
	125,152	Plus500, Ltd.		1,073,506
	62,050	Shufersal, Ltd.		239,318

		Total		1,555,765


	Italy (2.0%)
	28,420	Ascopiave SPA		85,881
	497,646	Assicurazioni Generali SPA		6,073,276
	32,390	ASTM SPA		353,798
	17,436	Banca IFIS SPA		393,018
	165,706	Banca popolare dell’Emilia Romagna Societa		617,487
	41,400	Banco Popolare Societa Cooperativa		97,628
	625,426	Beni Stabili SPA		373,414
	26,267	Biesse SPA		416,159
	758	Brembo SPA		45,231
	35,332	Buzzi Unicem SPA		724,479
	38,669	De’Longhi		936,571
	63,821	DiaSorin SPA		4,102,103
	435,400	Enel SPA		1,940,467
	39,700	EXOR SPA		1,607,517
	248,641	Hera SPA		669,584
	1,070	Industria Macchine Automatiche SPA		71,074
	28,378	Interpump Group SPA		483,600
	837,299	Intesa Sanpaolo SPA		1,858,902
	146,900	Intesa Sanpaolo SPA-RSP		308,204
	546,900	Iren SPA		940,429
	1,443	Italmobiliare SPA		72,848
	26,532	La Doria SPA		257,696
	130,618	Prysmian SPA		3,420,314
	211,248	Recordati SPA		6,789,488
	1,853	Reply SPA		243,545
	168,243	Societa Cattolica di Assicurazioni SCRL		941,256
	47,984	Societa Iniziative Autostradali e Servizi SPA		458,623
	158,200	Unione di Banche Italiane SPA		364,617

		Total		34,647,209


	Japan (17.8%)
	42,200	Adastria Holdings Company, Ltd.		969,540
	45,800	Adeka Corporation		633,661
	6,000	Aichi Steel Corporation		304,262
	2,700	Alps Electric Company, Ltd.		65,172
	7,800	Aoyama Trading Company, Ltd.		269,769
	61,900	Asatsu-DK, Inc.		1,648,771
	229,800	Ashikaga Holdings Company, Ltd.		823,270
	3,700	Avex Group Holdings, Inc.		50,376
	77,000	Bank of Kyoto, Ltd.		563,627
	8,600	BML, Inc.		226,330
	237,400	Bridgestone Corporation		8,746,714
	3,000	C. Uyemura & Company, Ltd.		135,563
	14,600	Canon Electronics, Inc.		231,901
	75,400	Canon Marketing Japan, Inc.		1,403,367
	23,400	Canon, Inc.		679,358
	54,700	Capcom Company, Ltd.		1,345,782
	17,300	Cawachi, Ltd.		419,170
	64,000	Central Glass Company, Ltd.		252,049
	6,800	Chiyoda Integre Company, Ltd.^c		138,423
	28,000	Chugoku Marine Paints, Ltd.		196,558
	7,300	Cocokara Fine, Inc.		281,256


Shares		Common Stock (87.1%)	Value
	Japan (17.8%) - continued
	200,300	Daicel Corporation		$2,531,207
	174,800	Daiichi Sankyo Company, Ltd.		4,200,167
	77,400	Daiwa House Industry Company, Ltd.		2,124,218
	65,400	DCM Holdings Company, Ltd.		562,018
	24,200	Dena Company, Ltd.		879,930
	228,000	Denki Kagaku Kogyo KK		987,434
	50,500	Denso Corporation		2,015,179
	69,700	DIC Corporation		2,157,660
	3,900	DISCO Corporation		461,900
	11,500	Doshisha Company, Ltd.		241,508
	40,100	Doutor Nichires Holdings Company, Ltd.		736,840
	124,608	DOWA Holdings Company, Ltd.		873,591
	106,800	DTS Corporation		2,378,305
	39,400	DUSKIN Company, Ltd.		734,427
	27,600	EDION Corporation		231,199
	17,000	Eisai Company, Ltd.		1,063,240
	72,100	Electric Power Development Company, Ltd.		1,732,874
	10,100	EPS Holdings, Inc.		138,745
	41,800	Fancl Corporation		711,567
	31,910	Fields Corporation		400,141
	44,100	Foster Electric Company, Ltd.		810,430
	10	Frontier Real Estate Investment Corporation		49,975
	179,700	Fuji Heavy Industries, Ltd.		6,742,253
	8,400	Fuji Machine Manufacturing Company, Ltd.		97,185
	14,800	Fuji Soft, Inc.		414,879
	11,000	Fujibo Holdings, Inc.		317,506
	10,100	Fujicco Company, Ltd.		232,435
	88,300	FUJIFILM Holdings NPV		3,270,887
	173,000	Fujikura, Ltd.		944,855
	395,000	Fukuoka Financial Group, Inc.		1,641,755
	7,300	Futaba Corporation		119,140
	7,800	Fuyo General Lease Company, Ltd.		387,890
	19,200	Geo Holdings Corporation		248,448
	238,700	Gree, Inc.		1,341,973
	299	Hankyu REIT, Inc.		406,291
	60,667	Hanwa Company, Ltd.		368,340
	247,900	Haseko Corporation		2,384,484
	61,100	Heiwa Corporation		1,360,121
	27,100	Heiwa Real Estate Company, Ltd.		390,698
	680	Heiwa Real Estate REIT, Inc.		558,536
	4,900	HEIWADO Company, Ltd.		95,699
	892,019	Hiroshima Bank, Ltd.		3,700,084
	29,700	Hitachi Capital Corporation		631,479
	40,600	Hitachi Transport System, Ltd.		811,267
	538,000	Hitachi, Ltd.		2,521,384
	32,700	Hokuhoku Financial Group, Inc.		439,998
	527,500	Honda Motor Company, Ltd.		15,223,809
	55,400	Hosiden Corporation		401,713
	31,869	IBJ Leasing Company, Ltd.		642,165
	924	Ichigo Real Estate Investment Corporation		678,986
	153,900	Iida Group Holdings Company, Ltd.		3,096,887
	20,500	INES Corporation		234,708
	199,100	ITOCHU Corporation		2,506,583
	51,100	Iyo Bank, Ltd.		309,440
	16,957	JAFCO Company, Ltd.		498,157
	94,900	Japan Airlines Company, Ltd.		2,789,631
	13,000	Japan Digital Laboratory Company, Ltd.		190,676
	404	Japan Excellent, Inc.		582,004
	68	Japan Real Estate Investment Corporation		406,634


Shares		Common Stock (87.1%)	Value
	Japan (17.8%) - continued
	41,800	Japan Securities Finance Company, Ltd.		$180,957
	5,400	J-Oil Mills, Inc.		192,127
	156,000	JTEKT Corporation		2,343,120
	1,136,300	JX Holdings, Inc.		4,599,244
	47,100	Kabu.com Securities Company, Ltd.		158,576
	11,800	Kadokawa Dwango Corporation		171,918
	31,000	Kamigumi Company, Ltd.		270,443
	42,000	Kandenko Company, Ltd.		387,458
	68,800	Kao Corporation		3,889,816
	233,200	KDDI Corporation		7,225,005
	55,000	Keihin Corporation		872,106
	396	Kenedix Office Investment Corporation		2,434,542
	48	Kenedix Residential Investment Corporation		136,318
	138,300	Kinden Corporation		1,594,396
	35,100	Kissei Pharmaceutical Company, Ltd.		938,501
	104,000	KITZ Corporation		575,612
	25,710	Koei Tecmo Holdings Company, Ltd.		509,729
	39,100	Kohnan Shoji Company, Ltd.		760,453
	101,200	Kokuyo Company, Ltd.		1,470,623
	24,800	KOMERI Company, Ltd.		603,498
	118,000	K’s Holdings Corporation^a		1,950,385
	44,000	Kurabo Industries, Ltd.		83,563
	182,600	Kuraray Company, Ltd.		2,708,872
	68,300	Kyocera Corporation		3,282,039
	2,900	Lintec Corporation		58,073
	10,800	Macnica Fuji Electronics Holdings, Inc.		123,708
	57,000	Maeda Road Construction Company, Ltd.		1,019,058
	347,000	Makino Milling Machine Company, Ltd.		2,139,775
	7,000	Mandom Corporation		320,431
	105,800	Marubeni Corporation		543,505
	14,000	Maruwa Company, Ltd.		529,107
	198,700	Marvelous, Inc.		1,551,256
	15,900	Matsui Securities Company, Ltd.		130,061
	62,300	Matsumotokiyoshi Holdings Company, Ltd.		3,219,065
	6,600	Micronics Japan Company, Ltd.		88,565
	3,100	Mimasu Semiconductor Industry Company, Ltd.		36,779
	58,700	MIRAIT Holdings Corporation		500,182
	145,200	Mitsubishi Chemical Holdings Corporation		910,317
	152,000	Mitsubishi Electric Corporation		1,948,140
	251,000	Mitsubishi Heavy Industries, Ltd.		1,049,960
	37,100	Mitsubishi Materials Corporation		1,014,773
	944,700	Mitsubishi UFJ Financial Group, Inc.		4,785,932
	397,300	Mitsui & Company, Ltd.		5,506,137
	993,000	Mitsui Engineering & Shipbuilding Company, Ltd.		1,396,551
	4,270,100	Mizuho Financial Group, Inc.		7,196,991
	6,100	Mochida Pharmaceutical Company, Ltd.		478,409
	1,349	Mori Trust Sogo REIT, Inc.		2,369,075
	67,400	Morinaga and Company, Ltd.		3,249,930
	135,463	MS and AD Insurance Group Holdings, Inc.		3,775,518
	21,900	Namura Shipbuilding Company, Ltd.		148,182
	22,900	NEC Networks & System Integration Corporation		390,079
	138,500	Net One Systems Company, Ltd.		965,337
	16,200	Nifco, Inc.		860,640


Shares		Common Stock (87.1%)	Value
	Japan (17.8%) - continued
	18,000	Nikkon Holdings Company, Ltd.		$391,899
	449,000	Nippon Electric Glass Company, Ltd.		2,324,887
	34,500	Nippon Flour Mills Company, Ltd.		530,330
	30,600	Nippon Shokubai Company, Ltd.		1,911,691
	463,100	Nippon Suisan Kaisha, Ltd.		1,991,890
	45,000	Nippon Telegraph & Telephone Corporation		2,058,120
	44,000	Nippon Thompson Company, Ltd.		163,226
	154,640	Nippon Yusen Kabushiki Kaisha		289,538
	193,200	Nipro Corporation		2,457,110
	700,000	Nishi-Nippon City Bank, Ltd.		1,483,628
	307,005	Nissan Motor Company, Ltd.		3,011,374
	119,000	Nisshin OilliO Group, Ltd.		553,407
	32,400	Nisshinbo Holdings, Inc.		321,422
	2,000	Nittetsu Mining Company, Ltd.		77,746
	32,000	Nitto Denko Corporation		2,078,266
	30,217	Nitto Kogyo Corporation		396,662
	32,200	Nomura Real Estate Holdings, Inc.		544,288
	33,900	Noritz Corporation		699,713
	89,300	North Pacific Bank, Ltd.		316,753
	34,300	NSD Company, Ltd.		551,186
	93,600	NTT DOCOMO, Inc.		2,377,722
	252,700	Obayashi Corporation		2,506,476
	103,899	Oita Bank, Ltd.^a		378,087
	61,600	Okamura Corporation		596,925
	11,550	Okinawa Electric Power Company, Inc.		260,444
	279,000	Okuma Corporation		2,139,754
	42,200	Oracle Corporation Japan		2,384,205
	1,746,000	Osaka Gas Company, Ltd.		7,323,107
	6,300	OSG Corporation		125,609
	161,600	Otsuka Holdings Company, Ltd.		7,366,159
	40,900	Paltac Corporation		958,417
	29,300	Paramount Bed Holdings Company, Ltd.		1,107,678
	20,100	Plenus Company, Ltd.		367,533
	307	Premier Investment Corporation		406,911
	70,000	Rengo Company, Ltd.		429,837
	20,800	Round One Corporation		141,072
	17,000	Ryobi, Ltd.		75,609
	2,500	Saizeriya Company, Ltd.		56,898
	8,100	San-in Godo Bank, Ltd.		55,347
	97,000	Sanyo Shokai, Ltd.		160,672
	156,900	Seino Holdings Company, Ltd.		1,650,067
	1,300	Sekisui Chemical Company, Ltd.		18,697
	878	Sekisui House SI Investment Corporation		1,001,175
	175,400	Sekisui House, Ltd.		2,988,233
	19,100	SENKO Company, Ltd.		133,077
	54,900	Shimachu Company, Ltd.		1,367,712
	64,000	Shindengen Electric Manufacturing Company, Ltd.		252,977
	86,000	ShinMaywa Industries, Ltd.		569,844
	163,700	SKY Perfect JSAT Holdings, Inc.		804,766
	74,800	Sumco Corporation		615,471
	286,340	Sumitomo Corporation^a		3,205,474
	30,400	Sumitomo Electric Industries, Ltd.		429,756
	6,800	Sumitomo Forestry Company, Ltd.		91,009
	568,000	Sumitomo Heavy Industries, Ltd.		2,806,476
	77,000	Sumitomo Metal Mining Company, Ltd.		1,063,504
	89,800	Sumitomo Mitsui Financial Group, Inc.		3,033,409
	114,500	Tadano, Ltd.		1,126,987
	17,000	Taihei Dengyo Kaisha, Ltd.		170,717
	21,200	Tamron Company, Ltd.		343,416
	127,100	TIS, Inc.		3,299,273
	85,600	Toagosei Company, Ltd.		930,374


Shares		Common Stock (87.1%)	Value
	Japan (17.8%) - continued
	51,000	Toho Gas Company, Ltd.		$477,574
	72,300	Toho Holdings Company, Ltd.^a		1,534,170
	156,600	Tohoku Electric Power Company, Inc.		2,042,214
	14,800	Tokai Rika Company, Ltd.		289,789
	42,100	Tokyo Electron, Ltd.		3,720,965
	124,000	Tokyo Gas Company, Ltd.		551,678
	109,000	Tokyotokeiba Company, Ltd.		217,047
	868	Tokyu REIT, Inc.		1,166,441
	59,300	Toppan Forms Company, Ltd.		623,161
	35,000	Tosei Corporation		263,375
	154,000	Toshiba Machine Company, Ltd.		528,893
	149,000	Tosoh Corporation		918,378
	19,000	TOTO, Ltd.^a		718,335
	27,700	Toyota Industries Corporation		1,285,740
	146,800	Toyota Motor Corporation		8,515,346
	97,000	Tsubakimoto Chain Company		751,688
	22,700	Tsumura & Company		646,223
	131,000	Ube Industries, Ltd.		250,536
	98,200	Valor Company, Ltd.		2,769,709
	30,000	Wacoal Holdings Corporation		338,636
	10,100	Warabeya Nichiyo Holdings Company, Ltd.		211,735
	66,000	West Japan Railway Company		4,094,259
	12,500	Xebio Holdings Company, Ltd.		187,225
	451,100	Yamada Denki Company, Ltd.		2,237,492
	76,900	Yamato Kogyo Company, Ltd.		2,276,000
	25,900	Yodogawa Steel Works, Ltd.		695,488
	93,100	Yokogawa Electric Corporation		1,240,262
	43,500	Yokohama Rubber Company, Ltd.		696,317
	14,800	Yorozu Corporation^c		217,395
	10,500	Zenkoku Hosho Company, Ltd.		435,612

		Total		303,216,986


	Jersey (0.4%)
	457,743	Petra Diamonds, Ltd.		768,284
	9,828	Phoenix Group Holdings		111,888
	239,336	WPP plc		5,625,712

		Total		6,505,884


	Luxembourg (0.8%)
	60,145	APERAM		2,711,655
	12,458	Millicom International Cellular SA		645,466
	104,898	Oriflame Holdings AG^c		3,842,019
	255,798	Subsea 7 SA^c		2,760,284
	123,000	Tenaris SA ADR^a		3,493,200
	45,290	Ternium SA ADR		889,043

		Total		14,341,667


	Malaysia (0.3%)
	1,105,822	CIMB Group Holdings Berhad		1,261,998
	667,400	Public Bank Berhad		3,198,614

		Total		4,460,612


	Mexico (1.1%)
	83,000	Fomento Economico Mexicano SAB de CV ADR		7,639,320
	24,500	Grupo Aeroportuario del Sureste SAB de CV ADR		3,587,290
	1,336,594	Grupo Financiero Banorte SAB de CV ADR		7,016,692
	259,000	Organizacion Soriana SAB de CV^c		637,156

		Total		18,880,458


	Netherlands (2.2%)
	737,830	Aegon NV		2,814,410
	18,000	Akzo Nobel NV		1,217,525


Shares		Common Stock (87.1%)	Value
	Netherlands (2.2%) - continued
	24,440	ASM International NV		$999,048
	79,589	BE Semiconductor Industries NV		2,715,233
	38,325	Corbion NV		1,031,630
	5,217	Euronext NV^d		222,605
	46,950	Ferrari NV		2,435,297
	214,500	Koninklijke Ahold Delhaize NV		4,885,470
	92,393	Koninklijke Boskalis Westminster NV		3,288,354
	1,303	Koninklijke DSM NV		87,999
	62,873	Koninklijke Vopak NV		3,297,517
	76,081	NN Group NV		2,335,731
	33,138	NSI NV		136,928
	41,900	Randstad Holding NV		1,905,306
	5,537	TKH Group NV		216,166
	181,237	Unilever NV		8,350,219
	11,368	Vastned Retail NV		459,731
	37,458	Wolters Kluwer NV		1,601,383

		Total		38,000,552


	New Zealand (0.1%)
	181,374	Trade Me Group, Ltd.		743,313

		Total		743,313


	Norway (1.2%)
	52,919	Austevoll Seafood ASA		446,038
	74,925	Avance Gas Holdings, Ltd.^a,d		180,529
	36,875	Borregaard ASA		331,492
	113,382	BW LPG, Ltd.^d		324,669
	50,763	DnB ASA		667,368
	5,680	Leroy Seafood Group ASA		287,527
	166,353	Marine Harvest ASA		2,984,054
	1,393,096	Norsk Hydro ASA		6,023,422
	32,405	Ocean Yield ASA		267,255
	180,781	Orkla ASA		1,872,033
	60,995	SalMar ASA		1,864,753
	30,748	SpareBank 1 SMN		214,420
	31,696	Statoil ASA		532,122
	215,515	Telenor ASA		3,705,974
	36,292	Yara International ASA		1,209,359

		Total		20,911,015


	Philippines (0.6%)
	7,576,500	Ayala Land, Inc.		6,166,600
	1,997,270	Bank of the Philippine Islands		4,324,432

		Total		10,491,032


	Poland (0.2%)
	105,348	Bank Pekao SA		3,410,890

		Total		3,410,890


	Portugal (0.8%)
	144,423	Altri SGPS SA		504,724
	6,184,256	Banco Espirito Santo SA^b,c		695
	52,631	CTT-Correios de Portugal SA		354,307
	850,200	Electricidade de Portugal SA		2,853,293
	244,119	Galp Energia SGPS SA		3,335,146
	358,591	Jeronimo Martins SGPS SA		6,214,990

		Total		13,263,155


	Russia (0.6%)
	112,500	Lukoil ADR		5,485,826
	31,597	Magnit PJSC		5,230,901

		Total		10,716,727


	Singapore (0.9%)
	180,900	Mapletree Greater China Commercial Trust^c		146,126


Shares		Common Stock (87.1%)	Value
	Singapore (0.9%) - continued
	137,300	Oversea-Chinese Banking Corporation, Ltd.		$875,035
	1,937,100	Sheng Siong Group, Ltd.		1,507,361
	460,800	StarHub, Ltd.		1,163,542
	190,500	United Engineers, Ltd.		345,788
	647,400	United Overseas Bank, Ltd.^a		8,981,891
	331,100	Venture Corporation, Ltd.		2,191,866
	114,700	Wing Tai Holdings, Ltd.		142,353
	702,500	Yanlord Land Group, Ltd.		722,583

		Total		16,076,545


	South Africa (0.5%)
	53,900	Investec plc		328,560
	290,584	Massmart Holdings, Ltd.		2,513,771
	304,479	MTN Group, Ltd.		2,610,251
	680,885	Truworths International, Ltd.		3,528,866

		Total		8,981,448


	South Korea (0.3%)
	283	Amorepacific Corporation		54,663
	1,353	AMOREPACIFIC Group		204,420
	10,619	E-Mart Company, Ltd.		1,523,644
	3,227	NAVER Corporation		2,597,939

		Total		4,380,666


	Spain (1.2%)
	24,100	Abertis Infraestructuras SA		375,466
	25,759	Aena SA^d		3,802,303
	86,700	Banco Bilbao Vizcaya Argentaria SA		524,586
	186,600	CaixaBank SA		471,543
	19,223	CIE Automotive SA		378,477
	654	Construcciones y Auxiliar de Ferrocarriles SA		262,866
	228,800	Distribuidora Internacional de Alimentacion SA		1,416,841
	74,104	Ebro Foods SA		1,723,695
	31,027	Faes Farma SA		119,711
	34,725	Gamesa Corporacion Tecnologia SA		832,009
	1,141,265	Iberdrola SA		7,759,962
	42,437	Lar Espana Real Estate SOCIMI SA		305,354
	8,997	Let’s GOWEX SA^b,c		1
	21,121	Papeles y Cartones de Europa SA		113,640
	178,912	Prosegur Compania de Seguridad SA		1,248,948
	37,500	Zardoya Otis SA		360,801

		Total		19,696,203


	Sweden (1.5%)
	115,700	Alfa Laval AB		1,813,931
	109,200	Axfood AB		1,927,818
	3,289	Bilia AB		81,088
	3,172	Bure Equity AB		37,269
	82,844	Dios Fastigheter AB		625,419
	24,382	Fabege AB		444,527
	28,913	Fingerprint Cards AB^c		339,208
	87,723	Granges AB		894,888
	32,400	Indutrade AB		695,748
	47,537	Inwido AB		642,864
	115,116	Klovern AB, Class B		143,215
	45,770	Kungsleden AB		334,749
	43,055	Loomis AB		1,328,682
	32,773	NCC AB		858,826
	6,711	NetEnt AB		61,460
	959,300	Nordea Bank AB		9,526,305
	10,215	Peab AB		88,112
	21,987	SAAB AB		782,812
	57,700	Securitas AB		966,302


Shares		Common Stock (87.1%)	Value
	Sweden (1.5%) - continued
	60,300	Svenska Handelsbanken AB		$828,888
	278,800	Telefonaktiebolaget LM Ericsson		2,013,015
	3,637	Vitrolife AB		230,734
	44,161	Wihlborgs Fastigheter AB		939,822

		Total		25,605,682


	Switzerland (6.1%)
	482,949	ABB, Ltd.		10,884,692
	32,934	Actelion, Ltd.		5,715,170
	8,085	Adecco SA		455,717
	9,398	Ascom Holding AG		169,309
	514	Autoneum Holding AG		144,621
	1,926	Bobst Group SA		107,551
	18,246	Cembra Money Bank AG^c		1,431,335
	2,652	Daetwyler Holding AG		382,172
	2,691	dorma+kaba Holding AG		1,995,080
	719	Emmi AG		493,042
	1,148	Forbo Holding AG		1,544,408
	6,315	Georg Fischer AG		5,536,321
	200	Givaudan SA		407,744
	1,541,091	Glencore Xstrata plc^c		4,219,753
	3,400	Helvetia Holding AG		1,715,099
	455	Implenia AG		32,173
	3,493	Kardex AG		336,227
	1,805	Komax Holding AG		442,298
	1,400	LafargeHolcim, Ltd.		75,831
	44,432	Logitech International SA		997,327
	32,979	Lonza Group AG		6,312,146
	4,260	Mobimo Holding AG		1,085,404
	267,828	Nestle SA		21,148,791
	49,607	Novartis AG		3,915,001
	7,383	Partners Group Holding AG		3,730,155
	2,739	Rieter Holding AG		555,674
	7,200	Roche Holding AG-BR		1,785,841
	67,912	Roche Holding AG-Genusschein		16,876,037
	470	Schweiter Technologies AG		544,261
	1,509	SGS SA		3,381,330
	4,900	Swiss Prime Site AG^c		430,315
	3,000	Swisscom AG		1,427,009
	7,114	Tecan Group AG		1,249,988
	5,994	Temenos Group AG^c		377,976
	777	U-Blox AG		168,186
	4,207	Valiant Holding AG		387,056
	7,306	Valora Holding AG		2,081,986
	7,652	Zehnder Group AG^c		340,319
	3,600	Zurich Insurance Group AG^c		928,419

		Total		103,811,764


	Taiwan (0.7%)
	662,300	Taiwan Mobile Company, Ltd.		2,381,307
	1,693,951	Taiwan Semiconductor Manufacturing Company, Ltd.		9,957,287

		Total		12,338,594


	Thailand (0.7%)
	427,750	Siam Cement pcl		6,410,060
	1,313,500	Siam Commercial Bank pcl		5,636,936

		Total		12,046,996


	Turkey (0.7%)
	1,427,982	Akbank TAS		3,825,467
	216,340	BIM Birlesik Magazalar AS		3,608,748
	1,370,000	Turkiye Garanti Bankasi AS		3,630,249

		Total		11,064,464


Shares		Common Stock (87.1%)	Value
	United Kingdom (11.8%)
	438,778	3i Group plc		$3,699,498
	84,880	Abcam plc		923,661
	107,849	Amec Foster Wheeler plc		800,016
	68,363	Ashmore Group plc		312,883
	13,283	ASOS plc^c		835,871
	349,554	Auto Trader Group plc^d		1,837,586
	66,600	Babcock International Group plc		891,636
	33,950	BAE Systems plc		230,630
	237,700	Barratt Developments plc		1,521,755
	350,257	Beazley plc		1,754,416
	77,139	Bellway plc		2,365,527
	92,939	Berendsen plc		1,494,175
	22,000	BHP Billiton plc		330,847
	107,000	BHP Billiton plc		1,612,450
	4,921	Big Yellow Group plc		49,642
	27,830	Bodycote plc		212,037
	96,040	Bovis Homes Group plc		1,088,908
	203,832	British American Tobacco plc		12,999,532
	271,800	British Land Company plc		2,226,283
	63,637	Bunzl plc		1,876,545
	293,200	Capital Shopping Centres Group plc		1,124,096
	68,580	Cineworld Group plc		515,230
	41,900	Close Brothers Group plc		743,144
	802,500	Cobham plc		1,745,831
	303,832	Compass Group plc		5,884,176
	127,800	Countrywide plc		359,206
	66,636	Crest Nicholson Holdings plc		389,643
	33,500	Croda International plc		1,511,653
	59,572	CYBG plc^c		205,047
	231,032	Diageo plc		6,617,546
	149,046	Direct Line Insurance Group plc		704,050
	835,310	Domino’s Pizza Group plc		4,043,913
	173,965	DS Smith plc		865,614
	5,959	Dunelm Group plc		65,806
	9,030	Electrocomponents plc		39,736
	2,528	EMIS Group plc		30,784
	42,333	Galliford Try plc		726,720
	91,134	GKN plc		378,160
	158,742	GlaxoSmithKline plc		3,380,955
	3,686	Go-Ahead Group plc		97,107
	4,601	Greggs plc		60,459
	62,643	Halma plc		850,491
	117,300	Hammerson plc		892,737
	214,800	Hays plc		361,536
	34,174	Hiscox, Ltd.		461,137
	27,971	Hostelworld Group plc^d		67,915
	190,428	Howden Joinery Group plc		1,066,871
	2,139,490	HSBC Holdings plc		16,081,962
	148,016	IG Group Holdings plc		1,670,145
	189,781	Imperial Brands plc		9,768,094
	65,634	Inchcape plc		560,037
	580,678	Indivior plc		2,309,250
	220,490	Informa plc		2,034,206
	216,144	Intermediate Capital Group plc		1,650,394
	86,600	Interserve plc		414,721
	60,775	Intertek Group plc		2,743,603
	2,640	J D Wetherspoon plc		32,182
	64,004	JD Sports Fashion plc		1,223,711
	349,134	John Wood Group plc		3,436,647
	101,246	Jupiter Fund Management plc		558,196
	28,800	KCOM Group plc		43,274
	87,100	Kingfisher plc		424,964
	74,863	Ladbrokes plc		135,755
	115,100	Legal & General Group plc		326,194
	829,343	LondonMetric Property plc		1,717,756
	662,000	Marks and Spencer Group plc		2,840,045


Shares		Common Stock (87.1%)	Value
	United Kingdom (11.8%) - continued
	138,200	Meggitt plc		$806,628
	113,129	Micro Focus International plc		3,220,128
	631,030	Mitie Group plc		1,569,923
	52,279	Moneysupermarket.com Group plc		203,311
	89,571	National Express Group plc		399,910
	6,700	Next plc		414,721
	216,500	Old Mutual plc		567,493
	68,107	OneSavings Bank plc		223,957
	275,874	Paragon Group of Companies plc		1,118,732
	71,200	Persimmon plc		1,674,087
	479,335	QinetiQ Group plc		1,468,560
	67,755	Reckitt Benckiser Group plc		6,378,753
	197,748	RELX plc		3,749,971
	235,200	Restaurant Group plc		1,171,727
	96,600	Rio Tinto plc		3,210,602
	545,502	Rotork plc		1,491,598
	82,018	Royal Dutch Shell plc		2,046,743
	19,571	Royal Dutch Shell plc, Class A		486,883
	602,424	Royal Dutch Shell plc, Class B		15,618,176
	134,400	RPC Group plc		1,670,160
	42,811	SABMiller plc		2,496,940
	41,959	Saga plc		115,753
	86,300	Savills plc		800,602
	34,371	Schroders plc		1,200,274
	186,000	Sky plc		2,155,749
	150,700	Smiths Group plc		2,860,630
	9,031	Spectris plc		229,957
	39,510	Spirax-Sarco Engineering plc		2,303,006
	71,736	SSE plc		1,456,643
	591,000	Stagecoach Group plc		1,615,595
	362,895	Standard Chartered plc^c		2,953,136
	15,742	Stobart Group, Ltd.		34,023
	119,414	Synthomer plc		571,439
	155,894	Tate & Lyle plc		1,513,216
	531,430	Taylor Wimpey plc		1,059,973
	204,546	Tritax Big Box REIT plc		367,459
	18,595	Tritax Big Box REIT plc, Rights^b		1,591
	93,571	Tullett Prebon plc		404,595
	101,399	Unilever plc		4,798,184
	11,118	UNITE Group plc		91,371
	36,287	Virgin Money Holdings (UK) plc		146,367
	1,031,313	Vodafone Group plc		2,957,713
	29,731	WH Smith plc		593,111
	1,192,595	William Hill plc		4,704,764
	22,969	WS Atkins plc		472,314

		Total		201,621,065


	United States (0.2%)
	41,700	Yum! Brands, Inc.		3,786,777

		Total		3,786,777



		Total Common Stock (cost $1,412,623,408)		1,484,500,188


Principal Amount		Long-Term Fixed Income (9.7%)
	Angola (0.1%)
		Angola Goverment International Bond
	$910,000	9.500%, 11/12/2025		904,504

		Total		904,504


	Argentina (0.4%)
		Argentina Government International Bond
	750,000	6.875%, 4/22/2021^d		816,375
	1,220,000	7.500%, 4/22/2026^d		1,376,160


Principal Amount		Long-Term Fixed Income (9.7%)	Value
	Argentina (0.4%) - continued
	$230,000	6.625%, 7/6/2028^d		$243,110
	949,512	7.820%, 12/31/2033^e		1,179,170
	350,509	8.280%, 12/31/2033		391,694
	218,718	8.280%, 12/31/2033		250,979
	1,612,000	0.000%, 12/15/2035^e,f		188,690
	920,000	7.125%, 7/6/2036^d		974,280
	360,000	2.500%, 12/31/2038^g		255,960
		Cablevision SA
	160,000	6.500%, 6/15/2021		166,800
	150,000	6.500%, 6/15/2021^d		156,375
		YPF SA
	340,000	8.875%, 12/19/2018		376,550

		Total		6,376,143


	Armenia (<0.1%)
		Armenia Government International Bond
	260,000	6.000%, 9/30/2020		268,827
	200,000	7.150%, 3/26/2025		212,540

		Total		481,367


	Azerbaijan (<0.1%)
		State Oil Company of Azerbaijan Republic
	420,000	4.750%, 3/13/2023		413,884

		Total		413,884


	Belize (<0.1%)
		Belize Government International Bond
	116,500	5.000%, 2/20/2038^*,g		63,784

		Total		63,784


	Bermuda (0.1%)
		Digicel Group, Ltd.
	210,000	8.250%, 9/30/2020^d		182,438
		Digicel, Ltd.
	770,000	6.750%, 3/1/2023^d		679,525
		TiVo Corporation
	320,000	6.000%, 4/15/2021		282,688

		Total		1,144,651


	Brazil (0.3%)
		Banco do Brasil SA/Cayman
	400,000	9.000%, 6/18/2049^h		344,000
	840,000	6.250%, 10/15/2049^h		585,900
		Brazil Government International Bond
	706,000	6.000%, 8/15/2050ⁱ		668,739
	230,000	2.625%, 1/5/2023		212,750
	340,000	4.250%, 1/7/2025		339,150
	200,000	5.000%, 1/27/2045		181,500
		Brazil Loan Trust 1
	503,795	5.477%, 7/24/2023		504,803
	853,890	5.477%, 7/24/2023^*		855,597
		Brazil Minas SPE via State of Minas Gerais
	409,000	5.333%, 2/15/2028		402,865
	930,000	5.333%, 2/15/2028^*		916,050
		Brazil Notas do Tesouro Nacional Serie F
	312,000	10.000%, 1/1/2017ⁱ		97,480
		Independencia International, Ltd.
	95,246	12.000%, 12/30/2016^*,b,j		0


Principal Amount		Long-Term Fixed Income (9.7%)	Value
	Brazil (0.3%) - continued
		Tupy SA
	$450,000	6.625%, 7/17/2024^d		$453,937

		Total		5,562,771


	Bulgaria (0.2%)
		Bulgaria Government International Bond
	180,000	4.250%, 7/9/2017^e		208,682
	600,000	1.875%, 3/21/2023^e		705,773
	100,000	2.950%, 9/3/2024^e		125,057
	300,000	2.625%, 3/26/2027^e		361,726
	520,000	3.000%, 3/21/2028^e		638,932
	880,000	3.125%, 3/26/2035^e		1,027,897

		Total		3,068,067


	Cameroon (<0.1%)
		Cameroon Government International Bond
	200,000	9.500%, 11/19/2025		222,432

		Total		222,432


	Cayman Islands (<0.1%)
		Agromercantil Senior Trust
	110,000	6.250%, 4/10/2019		114,400
		Petrobras International Finance Company
	510,000	5.750%, 1/20/2020		525,555
	10,000	5.375%, 1/27/2021		9,890

		Total		649,845


	Chile (0.2%)
		AES Gener SA
	140,000	5.250%, 8/15/2021		148,505
		Banco del Estado de Chile
	500,000	4.125%, 10/7/2020		532,860
	260,000	4.125%, 10/7/2020^d		277,087
		Chile Government International Bond
	614,000	3.125%, 1/21/2026		651,608
	150,000	3.625%, 10/30/2042		159,562
		GNL Quintero SA
	710,000	4.634%, 7/31/2029^d		745,500
		Itau CorpBanca
	552,000	3.875%, 9/22/2019^d		576,150
		Sociedad Quimica y Minera de Chile SA
	120,000	5.500%, 4/21/2020		127,380
	210,000	3.625%, 4/3/2023		204,750
	448,000	4.375%, 1/28/2025^*		451,360

		Total		3,874,762


	Colombia (0.3%)
		Banco de Bogota SA
	600,000	5.000%, 1/15/2017		604,495
		Colombia Government International Bond
	1,240,000	2.625%, 3/15/2023		1,223,260
	70,000	8.125%, 5/21/2024		92,575
	360,000	4.500%, 1/28/2026		396,900
	440,000	3.875%, 3/22/2026^e		559,590
	140,000	6.125%, 1/18/2041		169,050
	1,290,000	5.625%, 2/26/2044		1,493,175
	630,000	5.000%, 6/15/2045		681,975


Principal Amount		Long-Term Fixed Income (9.7%)	Value
	Colombia (0.3%) - continued
		Ecopetrol SA
	$10,000	7.375%, 9/18/2043		$10,525

		Total		5,231,545


	Costa Rica (0.3%)
		Banco de Costa Rica
	200,000	5.250%, 8/12/2018		205,000
	410,000	5.250%, 8/12/2018^d		420,250
		Banco Nacional de Costa Rica
	410,000	4.875%, 11/1/2018^d		421,480
	690,000	6.250%, 11/1/2023^d		718,635
		Costa Rica Government International Bond
	30,000	9.995%, 8/1/2020		36,375
	720,000	5.625%, 4/30/2043		658,800
	400,000	7.000%, 4/4/2044		427,000
	1,230,000	7.158%, 3/12/2045^d		1,325,325

		Total		4,212,865


	Croatia (<0.1%)
		Croatia Government International Bond
	185,000	3.875%, 5/30/2022^e		224,848
	360,000	3.000%, 3/11/2025^e		412,919

		Total		637,767


	Czech Republic (<0.1%)
		Czech Republic Government International Bond
	7,660,000	0.360%, 10/27/2016^f,k		318,506

		Total		318,506


	Dominican Republic (0.5%)
		Aeropuertos Dominicanos Siglo XXI SA
	800,000	9.750%, 11/13/2019		838,400
		Dominican Republic Government International Bond
	47,935	9.040%, 1/23/2018		50,212
	8,100,000	15.000%, 4/5/2019^l		195,864
	3,600,000	16.000%, 7/10/2020^l		92,553
	813,000	7.500%, 5/6/2021		910,560
	3,800,000	11.500%, 5/10/2024^l		86,660
	100,000	6.875%, 1/29/2026^d		115,750
	310,000	8.625%, 4/20/2027		379,750
	2,700,000	18.500%, 2/4/2028^d,l		88,101
	5,100,000	11.375%, 7/6/2029^l		111,464
	612,000	7.450%, 4/30/2044		726,750
	2,210,000	6.850%, 1/27/2045^d		2,475,200
	2,237,000	6.850%, 1/27/2045		2,505,440

		Total		8,576,704


	Ecuador (0.1%)
		Ecuador Government International Bond
	900,000	10.750%, 3/28/2022		918,000
	990,000	7.950%, 6/20/2024		886,050
		EP PetroEcuador
	315,790	6.487%, 9/24/2019^f		307,105

		Total		2,111,155


	El Salvador (0.2%)
		El Salvador Government International Bond
	100,000	7.375%, 12/1/2019		106,750
	220,000	7.750%, 1/24/2023		244,200


Principal Amount		Long-Term Fixed Income (9.7%)	Value
	El Salvador (0.2%) - continued
	$203,000	5.875%, 1/30/2025		$202,239
	285,000	6.375%, 1/18/2027		286,425
	130,000	8.250%, 4/10/2032		144,787
	1,030,000	7.650%, 6/15/2035		1,077,638
	319,000	7.625%, 2/1/2041		330,963

		Total		2,393,002


	Gabon (0.1%)
		Gabon Government International Bond
	930,000	6.375%, 12/12/2024		850,718

		Total		850,718


	Ghana (<0.1%)
		Ghana Government International Bond
	390,000	10.750%, 10/14/2030^d		455,813

		Total		455,813


	Guatemala (0.2%)
		Agromercantil Senior Trust
	320,000	6.250%, 4/10/2019^d		332,800
		Guatemala Government International Bond
	850,000	5.750%, 6/6/2022		954,125
	760,000	4.500%, 5/3/2026^d		794,200
	210,000	4.500%, 5/3/2026		219,450
	780,000	4.875%, 2/13/2028		842,400
	380,000	4.875%, 2/13/2028^d		410,400

		Total		3,553,375


	Honduras (0.1%)
		Honduras Government International Bond
	675,000	8.750%, 12/16/2020		774,562
	1,010,000	8.750%, 12/16/2020^*		1,158,975

		Total		1,933,537


	Hong Kong (<0.1%)
		China Resources Cement Holdings, Ltd.
	200,000	2.125%, 10/5/2017		200,621
		Wharf Finance, Ltd.
	200,000	4.625%, 2/8/2017		201,970

		Total		402,591


	Hungary (0.6%)
		Hungary Government International Bond
	790,000	4.375%, 7/4/2017^e		916,311
	130,000	4.125%, 2/19/2018		134,389
	1,840,000	5.750%, 6/11/2018^e		2,265,569
	60,000	4.000%, 3/25/2019		62,899
	2,070,000	6.250%, 1/29/2020		2,326,266
	160,000	6.375%, 3/29/2021		185,400
	540,000	5.375%, 2/21/2023		618,946
	1,440,000	5.750%, 11/22/2023		1,695,600
	350,000	5.375%, 3/25/2024		406,452
	360,000	7.625%, 3/29/2041		564,696
		MFB Magyar Fejlesztesi Bank Zrt
	210,000	6.250%, 10/21/2020^d		237,512

		Total		9,414,040


Principal Amount		Long-Term Fixed Income (9.7%)	Value
	India (0.1%)
		Greenko Dutch BV
	$200,000	8.000%, 8/1/2019		$214,051
	480,000	8.000%, 8/1/2019^d		513,722

		Total		727,773


	Indonesia (0.8%)
		Indonesia Government International Bond
	310,000	6.875%, 1/17/2018^*		329,756
	560,000	11.625%, 3/4/2019		688,067
	360,000	2.625%, 6/14/2023^d,e		424,428
	470,000	5.375%, 10/17/2023		541,732
	1,840,000	5.875%, 1/15/2024		2,169,851
	570,000	3.375%, 7/30/2025^e		692,684
	1,340,000	4.750%, 1/8/2026^d		1,496,645
	210,000	4.750%, 1/8/2026		234,549
	560,000	3.750%, 6/14/2028^d,e		688,304
	585,000	8.500%, 10/12/2035		885,451
	200,000	6.625%, 2/17/2037		262,205
	320,000	7.750%, 1/17/2038		462,773
	950,000	5.250%, 1/17/2042		1,086,868
	250,000	4.625%, 4/15/2043		266,520
	200,000	6.750%, 1/15/2044		273,326
	400,000	5.950%, 1/8/2046		506,711
		Perusahaan Penerbit SBSN Indonesia III
	320,000	4.325%, 5/28/2025		343,200
	200,000	4.550%, 3/29/2026^d		216,760
		Perusahaan Penerbit SBSN Indonesia II
	200,000	4.000%, 11/21/2018^d		208,500
		PT Pertamina Persero
	390,000	5.625%, 5/20/2043^d		409,823
		PT Perusahaan Gas Negara (Persero) Tbk PT
	410,000	5.125%, 5/16/2024		443,936

		Total		12,632,089


	Israel (<0.1%)
		Delek and Avner Yam Tethys, Ltd.
	110,000	2.803%, 12/30/2016^d		109,994
	110,000	3.839%, 12/30/2018^d		114,565

		Total		224,559


	Ivory Coast (<0.1%)
		Ivory Coast Government International Bond
	475,200	5.750%, 12/31/2032		466,979

		Total		466,979


	Japan (0.1%)
		SoftBank Group Corporation
	280,000	4.500%, 4/15/2020^d		290,500
	630,000	4.500%, 4/15/2020		653,625

		Total		944,125


	Kazakhstan (0.2%)
		Kazakhstan Government International Bond
	660,000	5.125%, 7/21/2025^d		743,820
	320,000	4.875%, 10/14/2044^d		333,920
	550,000	6.500%, 7/21/2045^d		685,575


Principal Amount		Long-Term Fixed Income (9.7%)	Value
	Kazakhstan (0.2%) - continued
		KazMunayGas National Company JSC
	$1,200,000	9.125%, 7/2/2018		$1,324,572

		Total		3,087,887


	Kenya (<0.1%)
		Kenya Government International Bond
	640,000	6.875%, 6/24/2024		627,200

		Total		627,200


	Latvia (<0.1%)
		Latvia Government International Bond
	381,000	5.250%, 2/22/2017		386,601

		Total		386,601


	Luxembourg (0.3%)
		Altice Financing SA
	290,000	6.625%, 2/15/2023^d		297,612
	280,000	7.500%, 5/15/2026^d		291,550
		Gazprom Neft OAO Via GPN Capital SA
	1,190,000	6.000%, 11/27/2023^d		1,283,415
		Gazprom OAO Via Gaz Capital SA
	690,000	9.250%, 4/23/2019		793,569
		Sberbank of Russia Via SB Capital SA
	610,000	5.500%, 2/26/2024		615,338
		Severstal OAO
	370,000	6.700%, 10/25/2017		386,865
		Telefonica Celular del Paraguay SA
	400,000	6.750%, 12/13/2022		414,000
		Tupy Overseas SA
	222,000	6.625%, 7/17/2024		223,943
		Wind Acquisition Finance SA
	280,000	4.000%, 7/15/2020^*,e		318,078
	470,000	7.000%, 4/23/2021^e		551,076
	600,000	7.375%, 4/23/2021		627,000

		Total		5,802,446


	Macedonia, The Former Yugoslav Republic Of (0.1%)
		Macedonia Government International Bond
	790,000	4.875%, 12/1/2020^d,e		938,657
	570,000	5.625%, 7/26/2023^d,e		687,994

		Total		1,626,651


	Mauritius (<0.1%)
		Greenko Investment Company
	200,000	4.875%, 8/16/2023^d		195,656

		Total		195,656


	Mexico (0.9%)
		America Movil SAB de CV
	2,600,000	6.000%, 6/9/2019^m		132,415
		Cemex SAB de CV
	180,000	4.750%, 1/11/2022^d,e		208,068
		Gruma, SAB de CV
	340,000	4.875%, 12/1/2024^d		363,800
		Grupo Cementos de Chihuahua SAB de CV
	200,000	8.125%, 2/8/2020^d		212,000
		Metalsa SA de CV
	350,000	4.900%, 4/24/2023^d		338,520
		Mexican Bonos
	10,391,500	8.000%, 12/7/2023^m		602,503
	15,480,200	7.500%, 6/3/2027^m		883,152
	5,804,500	7.750%, 11/23/2034^m		339,833


Principal Amount		Long-Term Fixed Income (9.7%)	Value
	Mexico (0.9%) - continued
		Mexico Government International Bond
	$370,000	4.350%, 1/15/2047		$363,525
	240,000	4.000%, 3/15/2115^e		255,187
	304,000	5.750%, 10/12/2110		321,480
	440,000	4.000%, 10/2/2023		470,140
	20,082,700	10.000%, 12/5/2024^m		1,308,438
	320,000	4.125%, 1/21/2026		344,160
	360,000	4.750%, 3/8/2044		373,050
		Pemex Project Funding Master Trust
	470,000	5.750%, 3/1/2018		493,265
	60,000	6.625%, 6/15/2035		61,071
		Petroleos Mexicanos
	300,000	5.500%, 2/4/2019^d		316,350
	200,000	8.000%, 5/3/2019		225,300
	100,000	3.500%, 7/23/2020		100,700
	370,000	6.375%, 2/4/2021		403,337
	710,000	6.375%, 2/4/2021^d		773,971
	10,000	4.875%, 1/24/2022		10,200
	1,380,000	5.125%, 3/15/2023^e		1,733,450
	30,000	4.500%, 1/23/2026		29,094
	1,100,000	6.875%, 8/4/2026^d		1,240,250
	1,695,000	6.875%, 8/4/2026		1,911,112
	303,000	5.500%, 6/27/2044		262,671
	40,000	6.375%, 1/23/2045		38,200
	10,000	5.625%, 1/23/2046		8,723
	210,000	6.750%, 9/21/2047^d		210,000
		Sigma Alimentos SA de CV
	750,000	4.125%, 5/2/2026^d		751,875
		Trust F/1401
	200,000	6.950%, 1/30/2044		205,000

		Total		15,290,840


	Mongolia (<0.1%)
		Mongolia Government International Bond
	621,000	5.125%, 12/5/2022		544,955

		Total		544,955


	Montenegro (<0.1%)
		Montenegro Government International Bond
	200,000	3.875%, 3/18/2020^d,e		226,132

		Total		226,132


	Namibia (<0.1%)
		Namibia Government International Bond
	270,000	5.250%, 10/29/2025^d		285,201

		Total		285,201


	Netherlands (0.2%)
		Listrindo Capital BV
	340,000	6.950%, 2/21/2019		352,242
	350,000	4.950%, 9/14/2026^d		351,088
		Majapahit Holding BV
	100,000	7.750%, 10/17/2016		100,000
		Petrobras Global Finance BV
	805,000	4.875%, 3/17/2020		807,013
	430,000	8.375%, 5/23/2021		469,775

		Total		2,080,118


Principal Amount		Long-Term Fixed Income (9.7%)	Value
	Nigeria (<0.1%)
		Nigeria Government International Bond
	$274,000	6.750%, 1/28/2021		$276,069
	320,000	6.375%, 7/12/2023		314,816

		Total		590,885


	Pakistan (0.1%)
		Pakistan Government International Bond
	370,000	6.875%, 6/1/2017		376,540
	200,000	7.250%, 4/15/2019^d		210,897
	210,000	6.750%, 12/3/2019^*		221,156
	260,000	8.250%, 4/15/2024^d		284,676
	690,000	8.250%, 9/30/2025		766,246

		Total		1,859,515


	Panama (<0.1%)
		Panama Notas del Tesoro
	110,000	4.875%, 2/5/2021		119,488

		Total		119,488


	Paraguay (0.2%)
		Banco Continental SAECA
	451,000	8.875%, 10/15/2017		451,564
	170,000	8.875%, 10/15/2017^*		170,212
		Banco Regional SAECA
	196,000	8.125%, 1/24/2019		210,700
	590,000	8.125%, 1/24/2019^d		634,250
		Paraguay Government International Bond
	330,000	4.625%, 1/25/2023		349,800
	580,000	5.000%, 4/15/2026^d		627,850
	880,000	6.100%, 8/11/2044		1,001,000

		Total		3,445,376


	Peru (0.1%)
		Abengoa Transmision Sur SA
	200,000	6.875%, 4/30/2043		214,000
	590,000	6.875%, 4/30/2043^*		631,300
		Corporacion Financiera de Desarrollo SA
	200,000	4.750%, 2/8/2022		218,500
	200,000	4.750%, 2/8/2022^d		218,500
		Corporacion Lindley SA
	70,000	6.750%, 11/23/2021^d		80,150
	690,000	6.750%, 11/23/2021		790,050
	92,000	4.625%, 4/12/2023		94,300
	100,000	4.625%, 4/12/2023^d		102,500

		Total		2,349,300


	Philippines (<0.1%)
		Energy Development Corporation
	430,000	6.500%, 1/20/2021		486,975
		Philippines Government International Bond
	470,000	9.875%, 1/15/2019		559,813

		Total		1,046,788


	Poland (0.2%)
		Poland Government International Bond
	14,670,000	1.750%, 7/25/2021ⁿ		3,737,303

		Total		3,737,303


Principal Amount		Long-Term Fixed Income (9.7%)	Value
	Romania (<0.1%)
		Romania Government International Bond
	$510,000	2.875%, 5/26/2028^e,o		$619,970

		Total		619,970


	Russia (0.4%)
		Gazprom OAO Via Gaz Capital SA
	1,110,000	7.288%, 8/16/2037		1,307,846
		Lukoil International Finance BV
	220,000	3.416%, 4/24/2018		223,273
	310,000	6.125%, 11/9/2020		342,022
		Mobile Telesystems OJSC
	620,000	5.000%, 5/30/2023		647,150
		Phosagro OAO via Phosagro Bond Funding, Ltd.
	230,000	4.204%, 2/13/2018		234,324
	310,000	4.204%, 2/13/2018^*		315,828
		Russia Government International Bond
	400,000	4.500%, 4/4/2022^d		431,008
	400,000	4.875%, 9/16/2023^d		439,800
	3,200,000	4.750%, 5/27/2026		3,449,792

		Total		7,391,043


	Serbia (<0.1%)
		Serbia Government International Bond
	340,000	7.250%, 9/28/2021		395,774

		Total		395,774


	South Africa (0.3%)
		South Africa Government International Bond
	380,000	5.875%, 5/30/2022		429,400
	2,129,000	5.875%, 9/16/2025		2,411,093
	410,000	4.875%, 4/14/2026		430,992
	230,000	4.300%, 10/12/2028^o		226,322
	310,000	6.250%, 3/8/2041		373,627
		ZAR Sovereign Capital Fund Propriety, Ltd.
	240,000	3.903%, 6/24/2020		249,048

		Total		4,120,482


	South Korea (0.1%)
		Export-Import Bank of Korea
	270,000	1.443%, 8/14/2017^*,f		269,706
		Kookmin Bank
	200,000	1.915%, 10/11/2016^f		200,011
	640,000	1.625%, 8/1/2019^d		640,448
		Korea East-West Power Company, Ltd.
	200,000	2.500%, 7/16/2017		201,564

		Total		1,311,729


	Sri Lanka (0.2%)
		Sri Lanka Government International Bond
	200,000	5.125%, 4/11/2019		202,013
	100,000	6.250%, 10/4/2020		104,504
	171,000	6.250%, 10/4/2020^d		178,703
	340,000	5.750%, 1/18/2022^d		347,691
	1,720,000	6.850%, 11/3/2025^d		1,845,581
	720,000	6.825%, 7/18/2026^d		774,041

		Total		3,452,533


Principal Amount		Long-Term Fixed Income (9.7%)	Value
	Turkey (0.6%)
		Export Credit Bank of Turkey
	$200,000	5.875%, 4/24/2019		$207,982
		Turkey Government International Bond
	761,000	7.500%, 7/14/2017		790,641
	280,000	6.750%, 4/3/2018		295,963
	1,830,000	7.000%, 6/5/2020		2,024,895
	1,856,000	6.250%, 9/26/2022		2,036,960
	1,865,000	5.750%, 3/22/2024		2,008,381
	1,003,000	7.375%, 2/5/2025		1,185,793
	652,000	4.250%, 4/14/2026		637,695
	210,000	4.875%, 10/9/2026		213,675
	50,000	8.000%, 2/14/2034		64,587

		Total		9,466,572


	Ukraine (<0.1%)
		MHP SA
	200,000	8.250%, 4/2/2020		192,040
		Ukraine Government International Bond
	548,000	Zero Coupon, 5/31/2040^*		175,278

		Total		367,318


	United Arab Emirates (0.2%)
		Aabar Investments PJSC, Convertible
	100,000	1.000%, 3/27/2022^e		81,308
		Abu Dhabi Government International Bond
	310,000	2.125%, 5/3/2021		312,325
	1,100,000	3.125%, 5/3/2026		1,148,950
		Dolphin Energy, Ltd.
	169,600	5.888%, 6/15/2019		180,078
	250,000	5.500%, 12/15/2021		286,688
		Ruwais Power Company PJSC
	200,000	6.000%, 8/31/2036		245,900
	200,000	6.000%, 8/31/2036^d		245,900

		Total		2,501,149


	United States (0.2%)
		Cemex Finance, LLC.
	350,000	4.625%, 6/15/2024^e		402,394
		Comcel Trust
	410,000	6.875%, 2/6/2024		421,562
		Commonwealth of Puerto Rico G.O.
	395,000	8.000%, 7/1/2035, Ser. A^j		258,725
		Commonwealth of Puerto Rico Public Improvement G.O.
	105,000	5.750%, 7/1/2041, Ser. A^j		65,100
		Commonwealth of Puerto Rico Public Improvement Refg. G.O.
	5,000	5.750%, 7/1/2028, Ser. A^j		3,134
	75,000	5.500%, 7/1/2032, Ser. A^j		46,921
		HSBC Bank USA NA
	688,000	10.000%, 1/5/2017^p		214,956
		Puerto Rico Sales Tax Financing Corporation Refg. Rev.
	20,000	5.375%, 8/1/2038, Ser. C		10,505
	835,000	5.250%, 8/1/2041, Ser. C		425,975
	10,000	5.000%, 8/1/2043, Ser. A-1		5,101
	5,000	5.250%, 8/1/2043, Ser. A-1		2,551
		Puerto Rico Sales Tax Financing Corporation Rev.
	225,000	5.250%, 8/1/2027, Ser. A		117,803
	175,000	5.500%, 8/1/2028, Ser. A		92,444
	75,000	6.750%, 8/1/2032, Ser. A		42,004


Principal Amount		Long-Term Fixed Income (9.7%)	Value
	United States (0.2%) - continued
	$75,000	5.500%, 8/1/2037, Ser. A		$39,576
	70,000	5.375%, 8/1/2039, Ser. A		36,763
	1,030,000	5.500%, 8/1/2042, Ser. A		543,459
	200,000	6.000%, 8/1/2042, Ser. A		107,004

		Total		2,835,977


	Venezuela (0.4%)
		Petroleos de Venezuela SA
	1,670,000	9.000%, 11/17/2021		946,890
	1,960,000	6.000%, 5/16/2024		837,704
	4,246,000	6.000%, 11/15/2026		1,782,895
	170,000	5.375%, 4/12/2027		70,983
	60,000	5.500%, 4/12/2037		24,900
		Venezuela Government International Bond
	1,020,000	7.750%, 10/13/2019		626,790
	166,000	6.000%, 12/9/2020		89,391
	30,000	12.750%, 8/23/2022		19,500
	1,222,000	8.250%, 10/13/2024		600,002
	240,000	7.650%, 4/21/2025		115,200
	1,741,000	9.250%, 5/7/2028		894,004
	1,000,000	9.375%, 1/13/2034		518,000
	100,000	7.000%, 3/31/2038		46,150

		Total		6,572,409


	Vietnam (<0.1%)
		Debt and Asset Trading Corporation
	200,000	1.000%, 10/10/2025		114,750
		Vietnam Government International Bond
	450,000	6.750%, 1/29/2020^d		501,355

		Total		616,105


	Virgin Islands, British (<0.1%)
		Central American Bottling Corporation
	108,000	6.750%, 2/9/2022		112,860
	210,000	6.750%, 2/9/2022^d		219,450

		Total		332,310


	Zambia (0.3%)
		Zambia Government International Bond
	778,000	5.375%, 9/20/2022		682,952
	400,000	8.500%, 4/14/2024		393,080
	790,000	8.970%, 7/30/2027^d		779,216
	2,440,000	8.970%, 7/30/2027		2,406,694

		Total		4,261,942



		Total Long-Term Fixed Income (cost $160,577,613)		165,397,008


Shares		Preferred Stock (1.0%)
	Brazil (0.1%)
	482,532	Vale SA ADR		2,272,726

		Total		2,272,726


	Germany (0.2%)
	23,589	Volkswagen AG		3,107,451

		Total		3,107,451


Shares		Preferred Stock (1.0%)	Value
	South Korea (0.7%)
	9,250	Samsung Electronics Company, Ltd.		$10,866,911

		Total		10,866,911



		Total Preferred Stock (cost $15,327,877)		16,247,088


Shares		Registered Investment Companies (<0.1%)	Value

	Equity Funds/ETFs (<0.1%)
	5,120	iShares MSCI EAFE Index Fund		302,746

		Total		302,746



		Total Registered Investment Companies (cost $303,901)		302,746


Shares		Collateral Held for Securities Loaned (2.1%)
	36,455,200	Thrivent Cash Management Trust		36,455,200

		Total Collateral Held for Securities Loaned (cost $36,455,200)		36,455,200


Shares or Principal Amount		Short-Term Investments (1.0%)^q
		Federal Home Loan Bank Discount Notes
	300,000	0.375%, 10/21/2016^r		299,971
	100,000	0.343%, 11/23/2016^r		99,969
		Thrivent Core Short-Term Reserve Fund
	1,699,645	0.750%		16,996,456

		Total Short-Term Investments (cost $17,396,343)		17,396,396

		Total Investments (cost $1,642,684,342) 100.9%		$1,720,298,626

		Other Assets and Liabilities, Net (0.9%)		(15,990,141)

		Total Net Assets 100.0%		$1,704,308,485

a	All or a portion of the security is on loan.

b	Security is valued at fair value. Market quotations or prices were not readily available or were determined to be unreliable. Fair value was determined in good faith pursuant to procedures adopted by the Board. Further information on fair valuation can be found in the Notes to Financial Statements.

c	Non-income producing security.

e	Principal amount is displayed in Euros.

f	Denotes variable rate securities. Variable rate securities are securities whose yields vary with a designated market index or market rate. The rate shown is as of September 30, 2016.

g	Denotes step coupon securities. Step coupon securities pay an initial coupon rate for the first period and then different coupon rates for following periods. The rate shown is as of September 30, 2016.

h	Denotes perpetual securities. Perpetual securities pay an indefinite stream of interest, but may be called by the issuer at an earlier date.

i	Principal amount is displayed in Brazilian Real.

j	Defaulted security. Interest is not being accrued.

k	Principal amount is displayed in Czeck Republic Korun.

l	Principal amount is displayed in Dominican Republic Pesos.

m	Principal amount is displayed in Mexican Pesos.

n	Principal amount is displayed in Polish Zloty.

o	Denotes investments purchased on a when-issued or delayed delivery basis.

p	Principal amount is displayed in Brazilian Real. Security is linked to Brazilian Government Bonds due January 1, 2017.

q	The interest rate shown reflects the yield, coupon rate or the discount rate at the date of purchase.

r	All or a portion of the security is held on deposit with the counterparty and pledged as the initial margin deposit for open futures contracts.

Denotes restricted securities. Restricted securities are investment securities which have been deemed illiquid and cannot be offered for public sale without first being registered under the Securities Act of 1933. The value of all restricted securities held in Partner Worldwide Allocation Portfolio as of September 30, 2016 was $5,877,080 or 0.3% of total net assets. The following table indicates the acquisition date and cost of restricted securities shown in the schedule as of September 30, 2016.


Security	Acquisition Date		Cost
Abengoa Transmision Sur SA, 4/30/2043		4/8/2014	$	589,970
Banco Continental SAECA, 10/15/2017		10/10/2012		170,000
Belize Government International Bond, 8/20/2017		3/20/2013		111,304
Brazil Loan Trust 1, 7/24/2023		7/25/2013		876,727
Brazil Minas SPE via State of Minas Gerais, 2/15/2028		3/22/2013		967,023
Export-Import Bank of Korea, 8/14/2017		5/29/2015		270,134
Honduras Government International Bond, 12/16/2020		12/11/2013		1,010,000
Independencia International, Ltd., 12/30/2016		3/29/2010		100,623
Indonesia Government International Bond, 1/17/2018		2/6/2015		328,141
Pakistan Government International Bond, 12/3/2019		11/26/2014		210,000
Phosagro OAO via Phosagro Bond Funding, Ltd., 2/13/2018		2/6/2013		310,000
Sociedad Quimica y Minera de Chile SA, 1/28/2025		10/23/2014		445,357
Ukraine Government International Bond, 5/31/2040		11/12/2015		253,812
Wind Acquisition Finance SA, 7/15/2020		6/24/2014		380,927

The following table presents the total amount of securities loaned with continuous maturity, by type, offset by the gross payable upon return of collateral for securities loaned by Thrivent Partner Worldwide Allocation Portfolio as of September 30, 2016:


Securities Lending Transactions
Common Stock	$	34,687,647

Total lending	$	34,687,647
Gross amount payable upon return of collateral for securities loaned	$	36,455,200

Net amounts due to counterparty	$	1,767,553

Definitions:


ADR	-	American Depositary Receipt, which are certificates for an underlying foreign security’s shares held by an issuing U.S. depository bank.
GDR	-	Global Depository Receipts, which are certificates for shares of an underlying foreign security’s shares held by an issuing depository bank from more than one country.
G.O.	-	General Obligation
REIT	-	Real Estate Investment Trust is a company that buys, develops, manages and/or sells real estate assets.
Refg.	-	Refunding
Rev.	-	Revenue
Ser.	-	Series

Unrealized Appreciation (Depreciation)


Gross unrealized appreciation and depreciation of investments, based on cost for federal income tax purposes, were as follows:

Gross unrealized appreciation	$	158,655,581
Gross unrealized depreciation		(81,041,297)

Net unrealized appreciation (depreciation)	$	77,614,284

Cost for federal income tax purposes	$	1,642,684,342

The following table is a summary of the inputs used, as of September 30, 2016, in valuing Partner Worldwide Allocation Portfolio’s assets carried at fair value.

There were no significant transfers between Levels during the period ended September 30, 2016. Transfers between Levels are identified as of the end of the period.

The following table presents Partner Worldwide Allocation Portfolio’s futures contracts held as of September 30, 2016. Investments and/or cash totaling $1,288,548 were pledged as the initial margin deposit for these contracts.

The following table presents Partner Worldwide Allocation Portfolio’s foreign currency forward contracts held as of September 30, 2016.

A summary of transactions for the fiscal year to date, in Partner Worldwide Allocation Portfolio, is as follows:


Shares		Common Stock (98.4%)	Value
	Consumer Discretionary (12.8%)
	2,100	Amazon.com, Inc.^a		$1,758,351
	13,200	Comcast Corporation		875,688
	12,500	Delphi Automotive plc		891,500
	11,280	Home Depot, Inc.		1,451,510
	27,690	Interpublic Group of Companies, Inc.		618,872
	4,000	Mohawk Industries, Inc.^a		801,360
	33,579	Newell Brands, Inc.		1,768,270
	13,100	NIKE, Inc.		689,715
	9,300	Royal Caribbean Cruises, Ltd.		697,035
	23,520	Service Corporation International		624,221
	6,700	Signet Jewelers, Ltd.		499,351
	15,800	Time Warner, Inc.		1,257,838

		Total		11,933,711


	Consumer Staples (8.5%)
	6,100	Constellation Brands, Inc.		1,015,589
	38,300	Coty, Inc.^a,b		898,220
	12,100	CVS Health Corporation		1,076,779
	8,900	Molson Coors Brewing Company		977,220
	23,800	Mondelez International, Inc.		1,044,820
	6,500	Monster Beverage Corporation^a		954,265
	25,000	Reynolds American, Inc.		1,178,750
	24,400	Snyder’s-Lance, Inc.		819,352

		Total		7,964,995


	Energy (6.3%)
	33,200	Halliburton Company		1,490,016
	30,550	Occidental Petroleum Corporation		2,227,706
	31,900	PDC Energy, Inc.^a		2,139,214

		Total		5,856,936


	Financials (13.1%)
	6,100	Aflac, Inc.		438,407
	39,100	Boston Private Financial Holdings, Inc.		501,653
	17,120	Capital One Financial Corporation		1,229,730
	39,700	Citigroup, Inc.		1,875,031
	12,100	CME Group, Inc.		1,264,692
	16,900	Discover Financial Services		955,695
	5,300	Goldman Sachs Group, Inc.		854,731
	10,500	Hartford Financial Services Group, Inc.		449,610
	24,200	Invesco, Ltd.		756,734
	106,300	KeyCorp		1,293,671
	12,700	Marsh & McLennan Companies, Inc.		854,075
	79,960	Regions Financial Corporation		789,205
	8,670	Reinsurance Group of America, Inc.		935,840

		Total		12,199,074


	Health Care (12.4%)
	7,600	Alexion Pharmaceuticals, Inc.^a		931,304
	64,600	ARIAD Pharmaceuticals, Inc.^a,b		884,374
	3,200	Biogen, Inc.^a		1,001,696
	15,390	BioMarin Pharmaceutical, Inc.^a		1,423,883
	5,600	C.R. Bard, Inc.		1,255,968
	12,900	Eli Lilly and Company		1,035,354
	16,900	Envision Healthcare Holdings, Inc.^a		376,363
	6,200	Humana, Inc.		1,096,718
	7,400	Shire Pharmaceuticals Group plc ADR		1,434,564
	10,600	Teva Pharmaceutical Industries, Ltd. ADR		487,706
	35,554	Wright Medical Group NV^a		872,139
	6,200	Zimmer Biomet Holdings, Inc.		806,124

		Total		11,606,193


Shares		Common Stock (98.4%)	Value
	Industrials (12.0%)
	7,720	Alaska Air Group, Inc.		$508,439
	20,750	Danaher Corporation		1,626,592
	9,220	FedEx Corporation		1,610,550
	22,625	Fortive Corporation		1,151,613
	10,500	Fortune Brands Home and Security, Inc.		610,050
	8,390	Genesee & Wyoming, Inc.^a		578,490
	12,610	IDEX Corporation		1,179,918
	22,100	Ingersoll-Rand plc		1,501,474
	5,800	Lockheed Martin Corporation		1,390,376
	9,150	WABCO Holdings, Inc.^a		1,038,799

		Total		11,196,301


	Information Technology (20.5%)
	14,470	Adobe Systems, Inc.^a		1,570,574
	4,040	Alphabet, Inc., Class A^a		3,248,402
	16,040	Apple, Inc.		1,813,322
	8,300	Broadcom, Ltd.		1,431,916
	12,980	Cavium, Inc.^a		755,436
	16,720	Facebook, Inc.^a		2,144,674
	41,900	Gogo, Inc.^a,b		462,576
	7,600	Imperva, Inc.^a		408,196
	14,940	Monolithic Power Systems, Inc.		1,202,670
	9,300	NXP Semiconductors NV^a		948,693
	35,780	Oracle Corporation		1,405,439
	18,300	Paycom Software, Inc.^a		917,379
	24,200	PayPal Holdings, Inc.^a		991,474
	17,300	Salesforce.com, Inc.^a		1,234,009
	3,400	Tyler Technologies, Inc.^a		582,182

		Total		19,116,942


	Materials (3.2%)
	14,130	Eagle Materials, Inc.		1,092,249
	7,800	Ecolab, Inc.		949,416
	5,200	LyondellBasell Industries NV		419,432
	4,700	Monsanto Company		480,340

		Total		2,941,437


	Real Estate (4.2%)
	12,600	American Tower Corporation		1,427,958
	9,700	Boston Properties, Inc.		1,322,013
	15,100	Extra Space Storage, Inc.		1,199,091

		Total		3,949,062


	Telecommunications Services (2.3%)
	10,510	SBA Communications Corporation^a		1,178,802
	19,910	T-Mobile US, Inc.^a		930,195

		Total		2,108,997


	Utilities (3.1%)
	13,000	American Electric Power Company, Inc.		834,730
	11,340	Atmos Energy Corporation		844,490
	19,200	PG&E Corporation		1,174,464

		Total		2,853,684



		Total Common Stock (cost $81,574,293)		91,727,332


Shares		Collateral Held for Securities Loaned (2.3%)	Value
	2,171,238	Thrivent Cash Management Trust		2,171,238

		Total Collateral Held for Securities Loaned (cost $2,171,238)		2,171,238


Shares or Principal Amount		Short-Term Investments (1.5%)^c	Value
		Thrivent Core Short-Term Reserve Fund
	138,653	0.750%		$1,386,529

		Total Short-Term Investments (cost $1,386,529)		1,386,529

		Total Investments (cost $85,132,060) 102.2%		$95,285,099

		Other Assets and Liabilities, Net (2.2%)		(2,034,536)

		Total Net Assets 100.0%		$93,250,563

a	Non-income producing security.

b	All or a portion of the security is on loan.

c	The interest rate shown reflects the yield, coupon rate or the discount rate at the date of purchase.

The following table presents the total amount of securities loaned with continuous maturity, by type, offset by the gross payable upon return of collateral for securities loaned by Thrivent Partner All Cap Portfolio as of September 30, 2016:


Securities Lending Transactions
Common Stock	$	2,101,408

Total lending	$	2,101,408
Gross amount payable upon return of collateral for securities loaned	$	2,171,238

Net amounts due to counterparty	$	69,830

Definitions:


ADR			-			American Depositary Receipt, which are certificates for an underlying foreign security’s shares held by an issuing U.S. depository bank.


Unrealized Appreciation (Depreciation)
Gross unrealized appreciation and depreciation of investments, based on cost for federal income tax purposes, were as follows:

Gross unrealized appreciation	$	12,287,575
Gross unrealized depreciation		(2,134,536)

Net unrealized appreciation (depreciation)	$	10,153,039

Cost for federal income tax purposes	$	85,132,060

The following table is a summary of the inputs used, as of September 30, 2016, in valuing Partner All Cap Portfolio’s assets carried at fair value.

There were no significant transfers between Levels during the period ended September 30, 2016. Transfers between Levels are identified as of the end of the period.

A summary of transactions for the fiscal year to date, in Partner All Cap Portfolio, is as follows:


Shares		Common Stock (97.0%)	Value
	Consumer Discretionary (22.3%)
	113,231	Amazon.com, Inc.^a		$94,809,448
	23,020	AutoZone, Inc.^a		17,687,187
	380,349	Comcast Corporation		25,232,353
	272,860	Home Depot, Inc.		35,111,625
	323,280	Las Vegas Sands Corporation		18,601,531
	249,960	NIKE, Inc.		13,160,394
	236,600	Starbucks Corporation		12,809,524
	154,070	Walt Disney Company		14,306,940

		Total		231,719,002


	Consumer Staples (3.8%)
	292,810	CVS Health Corporation		26,057,162
	168,910	Walgreens Boots Alliance, Inc.		13,617,524

		Total		39,674,686


	Energy (1.9%)
	113,250	EQT Corporation		8,224,215
	60,720	Pioneer Natural Resources Company		11,272,668

		Total		19,496,883


	Financials (1.6%)
	104,940	Goldman Sachs Group, Inc.		16,923,674

		Total		16,923,674


	Health Care (17.2%)
	585,159	Abbott Laboratories		24,746,374
	217,948	Alexion Pharmaceuticals, Inc.^a		26,707,348
	155,976	Allergan plc^a		35,922,833
	331,900	Celgene Corporation^a		34,693,507
	476,362	Gilead Sciences, Inc.		37,689,761
	222,769	Vertex Pharmaceuticals, Inc.^a		19,427,685

		Total		179,187,508


	Industrials (6.1%)
	84,281	3M Company		14,852,841
	164,510	Cummins, Inc.		21,081,956
	280,976	Union Pacific Corporation		27,403,589

		Total		63,338,386


	Information Technology (44.1%)
	65,743	Alphabet, Inc., Class A^a		52,861,317
	51,182	Alphabet, Inc., Class C^a		39,783,257
	471,670	Apple, Inc.		53,322,294
	638,752	Facebook, Inc.^a		81,932,719
	138,690	MasterCard, Inc.		14,114,481
	859,980	Microsoft Corporation		49,534,848
	292,810	NVIDIA Corporation		20,063,341
	821,760	PayPal Holdings, Inc.^a		33,667,507
	545,579	Salesforce.com, Inc.^a		38,916,150
	651,680	Visa, Inc.		53,893,936
	361,050	Xilinx, Inc.		19,619,457

		Total		457,709,307



		Total Common Stock (cost $789,206,989)		1,008,049,446


Shares or Principal Amount		Short-Term Investments (2.4%)^b	Value
		Thrivent Core Short-Term Reserve Fund
	2,484,883	0.750%		$24,848,830

		Total Short-Term Investments (cost $24,848,830)		24,848,830

		Total Investments (cost $814,055,819) 99.4%		$1,032,898,276

		Other Assets and Liabilities, Net 0.6%		6,310,684

		Total Net Assets 100.0%		$1,039,208,960

a	Non-income producing security.

b	The interest rate shown reflects the yield, coupon rate or the discount rate at the date of purchase.

Unrealized Appreciation (Depreciation)

Gross unrealized appreciation and depreciation of investments, based on cost for federal income tax purposes, were as follows:


Gross unrealized appreciation	$	240,860,578
Gross unrealized depreciation		(22,018,121)

Net unrealized appreciation (depreciation)	$	218,842,457

Cost for federal income tax purposes	$	814,055,819

The following table is a summary of the inputs used, as of September 30, 2016, in valuing Large Cap Growth Portfolio’s assets carried at fair value.

There were no significant transfers between Levels during the period ended September 30, 2016. Transfers between Levels are identified as of the end of the period.

A summary of transactions for the fiscal year to date, in Large Cap Growth Portfolio, is as follows:


Shares		Common Stock (98.4%)	Value
	Consumer Discretionary (26.2%)
	13,500	Amazon.com, Inc.^a		$11,303,685
	1,862	AutoZone, Inc.^a		1,430,649
	13,900	Ctrip.com International, Ltd. ADR^a		647,323
	10,400	Delphi Automotive plc		741,728
	15,630	Ferrari NV		810,728
	166	Flipkart, Ltd.^*,a,b		15,984
	38,500	Hanesbrands, Inc.		972,125
	20,900	Las Vegas Sands Corporation		1,202,586
	19,000	Lowe’s Companies, Inc.		1,371,990
	13,200	Marriott International, Inc.		888,756
	60,670	MGM Resorts International^a		1,579,240
	10,214	Netflix, Inc.^a		1,006,590
	1,500	O’Reilly Automotive, Inc.^a		420,165
	3,750	Priceline Group, Inc.^a		5,518,087
	15,700	Ross Stores, Inc.		1,009,510
	5,835	Signet Jewelers, Ltd.		434,883
	7,100	Starbucks Corporation		384,394
	6,337	Tesla Motors, Inc.^a,c		1,292,938
	14,728	Tractor Supply Company		991,931
	1,900	Walt Disney Company		176,434

		Total		32,199,726


	Consumer Staples (3.6%)
	3,200	Costco Wholesale Corporation		488,032
	22,100	Mondelez International, Inc.		970,190
	15,500	Philip Morris International, Inc.		1,506,910
	17,500	Walgreens Boots Alliance, Inc.		1,410,850

		Total		4,375,982


	Financials (4.3%)
	700	BlackRock, Inc.		253,722
	5,000	Intercontinental Exchange, Inc.		1,346,800
	57,600	Morgan Stanley		1,846,656
	12,600	State Street Corporation		877,338
	26,489	TD Ameritrade Holding Corporation		933,473

		Total		5,257,989


	Health Care (15.4%)
	11,719	Aetna, Inc.		1,352,959
	9,479	Alexion Pharmaceuticals, Inc.^a		1,161,557
	5,567	Allergan plc^a		1,282,136
	6,200	Anthem, Inc.		776,922
	4,210	Biogen, Inc.^a		1,317,856
	2,300	BioMarin Pharmaceutical, Inc.^a		212,796
	29,731	Bristol-Myers Squibb Company		1,603,096
	8,200	Celgene Corporation^a		857,146
	4,146	Centene Corporation^a		277,616
	6,300	CIGNA Corporation		821,016
	7,897	Humana, Inc.		1,396,900
	3,179	Illumina, Inc.^a		577,497
	3,000	Incyte Corporation^a		282,870
	2,700	Intuitive Surgical, Inc.^a		1,957,041
	2,300	McKesson Corporation		383,525
	10,300	Stryker Corporation		1,199,023
	11,900	UnitedHealth Group, Inc.		1,666,000
	12,000	Vertex Pharmaceuticals, Inc.^a		1,046,520
	15,900	Zoetis, Inc.		826,959

		Total		18,999,435


	Industrials (8.3%)
	55,300	American Airlines Group, Inc.		2,024,533
	10,900	Boeing Company		1,435,966
	30,400	Danaher Corporation		2,383,056
	13,800	Delta Air Lines, Inc.		543,168
	4,300	FedEx Corporation		751,124
	15,450	Fortive Corporation		786,405


Shares		Common Stock (98.4%)	Value
	Industrials (8.3%) - continued
	12,281	IHS Markit, Ltd.^a		$461,151
	2,200	Illinois Tool Works, Inc.		263,648
	1,800	Kansas City Southern		167,976
	5,600	Roper Industries, Inc.		1,021,832
	5,095	Wabtec Corporation		416,007

		Total		10,254,866


	Information Technology (36.0%)
	12,400	Alibaba Group Holding, Ltd. ADR^a,c		1,311,796
	5,550	Alphabet, Inc., Class A^a		4,462,533
	4,870	Alphabet, Inc., Class C^a		3,785,402
	36,400	Apple, Inc.		4,115,020
	8,680	ASML Holding NV GDR		951,154
	44,700	Facebook, Inc.^a		5,733,669
	7,500	Fiserv, Inc.^a		746,025
	31,200	MasterCard, Inc.		3,175,224
	70,800	Microsoft Corporation		4,078,080
	16,240	Mobileye NV^a		691,337
	9,015	NetSuite, Inc.^a		997,870
	18,576	NXP Semiconductors NV^a		1,894,938
	3,100	Palo Alto Networks, Inc.^a		493,923
	61,118	PayPal Holdings, Inc.^a		2,504,005
	28,800	Salesforce.com, Inc.^a		2,054,304
	15,307	ServiceNow, Inc.^a		1,211,549
	63,700	Tencent Holdings, Ltd.^a		1,770,990
	11,372	VeriSign, Inc.^a,c		889,745
	41,700	Visa, Inc.		3,448,590

		Total		44,316,154


	Materials (0.9%)
	6,400	Ashland Global Holdings, Inc.		742,080
	2,100	Martin Marietta Materials, Inc.		376,131

		Total		1,118,211


	Real Estate (2.8%)
	18,200	American Tower Corporation		2,062,606
	9,200	Crown Castle International Corporation		866,732
	1,400	Equinix, Inc.		504,350

		Total		3,433,688


	Telecommunications Services (0.4%)
	11,400	T-Mobile US, Inc.^a		532,608

		Total		532,608


	Utilities (0.5%)
	5,500	NextEra Energy, Inc.		672,760

		Total		672,760



		Total Common Stock (cost $80,899,307)		121,161,419


Shares		Preferred Stock (0.5%)	Value
	Consumer Discretionary (0.5%)
	2,943	Airbnb, Inc., Convertible^*,a,b		309,015
	7,282	Dropbox, Inc., Class A^*,a,b		65,174
	58	Flipkart, Ltd. Series A Preference Shares^*,a,b		5,585
	100	Flipkart, Ltd. Series C Preference Shares^*,a,b		9,629
	187	Flipkart, Ltd. Series E Preference Shares^*,a,b		18,006
	843	Flipkart, Ltd. Series G Preference Shares^*,a,b		81,173


Shares		Preferred Stock (0.5%)	Value
	Consumer Discretionary (0.5%) - continued
	760	Flipkart, Ltd. Series H Preference Shares^*,a,b		$73,180

		Total		561,762


	Information Technology (<0.1%)
	4,432	LivingSocial.com, Convertible^*,a,b		0

		Total		0



		Total Preferred Stock (cost $541,385)		561,762


Shares		Collateral Held for Securities Loaned (2.8%)	Value
	3,405,125	Thrivent Cash Management Trust		3,405,125

		Total Collateral Held for Securities Loaned (cost $3,405,125)		3,405,125

Shares or Principal Amount		Short-Term Investments (0.9%)^d	Value
		Thrivent Core Short-Term Reserve Fund
	115,581	0.750%		1,155,810

		Total Short-Term Investments (cost $1,155,810)		1,155,810

		Total Investments (cost $86,001,627) 102.6%		$126,284,116

		Other Assets and Liabilities, Net (2.6%)		(3,217,845)

		Total Net Assets 100.0%		$123,066,271

a	Non-income producing security.

b	Security is valued at fair value. Market quotations or prices were not readily available or were determined to be unreliable. Fair value was determined in good faith pursuant to procedures adopted by the Board. Further information on fair valuation can be found in the Notes to Financial Statements.

c	All or a portion of the security is on loan.

d	The interest rate shown reflects the yield, coupon rate or the discount rate at the date of purchase.

Denotes restricted securities. Restricted securities are investment securities which have been deemed illiquid and cannot be offered for public sale without first being registered under the Securities Act of 1933. The value of all restricted securities held in Partner Growth Stock Portfolio as of September 30, 2016 was $577,746 or 0.5% of total net assets. The following table indicates the acquisition date and cost of restricted securities shown in the schedule as of September 30, 2016.


Security	Acquisition Date		Cost
Airbnb, Inc., Convertible		4/16/2014	$	119,818
Dropbox, Inc., Class A		11/7/2014		139,095
Flipkart, Ltd.		3/19/2015		18,924
Flipkart, Ltd. Series A Preference Shares		3/19/2015		6,612
Flipkart, Ltd. Series C Preference Shares		3/19/2015		11,400
Flipkart, Ltd. Series E Preference Shares		3/19/2015		21,318
Flipkart, Ltd. Series G Preference Shares		12/17/2014		100,958
Flipkart, Ltd. Series H Preference Shares		4/17/2015		108,102
LivingSocial.com, Convertible		11/18/2011		34,082

The following table presents the total amount of securities loaned with continuous maturity, by type, offset by the gross payable upon return of collateral for securities loaned by Thrivent Partner Growth Stock Portfolio as of September 30, 2016:


Securities Lending Transactions
Common Stock	$	3,356,113

Total lending	$	3,356,113
Gross amount payable upon return of collateral for securities loaned	$	3,405,125

Net amounts due to counterparty	$	49,012

Definitions:


ADR	-	American Depositary Receipt, which are certificates for an underlying foreign security’s shares held by an issuing U.S. depository bank.
GDR	-	Global Depository Receipts, which are certificates for shares of an underlying foreign security’s shares held by an issuing depository bank from more than one country.

Unrealized Appreciation (Depreciation)


Gross unrealized appreciation and depreciation of investments, based on cost for federal income tax purposes, were as follows:

Gross unrealized appreciation	$	41,357,698
Gross unrealized depreciation		(1,075,209)

Net unrealized appreciation (depreciation)	$	40,282,489

Cost for federal income tax purposes	$	86,001,627

The following table is a summary of the inputs used, as of September 30, 2016, in valuing Partner Growth Stock Portfolio’s assets carried at fair value.

There were no significant transfers between Levels during the period ended September 30, 2016. Transfers between Levels are identified as of the end of the period.

A summary of transactions for the fiscal year to date, in Partner Growth Stock Portfolio, is as follows:


Shares		Common Stock (96.7%)	Value
	Consumer Discretionary (9.9%)
	587,100	Comcast Corporation		$38,948,214
	167,890	Delphi Automotive plc		11,973,915
	540,198	Harley-Davidson, Inc.^a		28,409,013
	425,200	Lowe’s Companies, Inc.		30,703,692
	198,000	Scripps Networks Interactive, Inc.		12,571,020

		Total		122,605,854


	Consumer Staples (5.2%)
	406,820	CVS Health Corporation		36,202,912
	86,300	Kimberly-Clark Corporation		10,885,882
	180,759	Philip Morris International, Inc.		17,573,390

		Total		64,662,184


	Energy (11.4%)
	326,830	Baker Hughes, Inc.		16,495,110
	387,925	Chevron Corporation		39,925,241
	385,250	Devon Energy Corporation		16,993,378
	187,019	EQT Corporation		13,581,320
	1,932,951	Marathon Oil Corporation		30,559,955
	75,200	Pioneer Natural Resources Company		13,960,880
	1,910,200	Weatherford International plc^b		10,735,324

		Total		142,251,208


	Financials (22.4%)
	200,000	American International Group, Inc.		11,868,000
	1,825,640	Bank of America Corporation		28,571,266
	621,550	Blackstone Group, LP		15,868,171
	195,600	Capital One Financial Corporation		14,049,948
	112,080	Chubb, Ltd.		14,082,852
	901,000	Citigroup, Inc.		42,554,230
	333,500	Comerica, Inc.		15,781,220
	756,800	Fifth Third Bancorp		15,484,128
	73,250	Goldman Sachs Group, Inc.		11,813,028
	56,750	Intercontinental Exchange, Inc.		15,286,180
	551,460	Invesco, Ltd.		17,244,154
	493,870	MetLife, Inc.		21,942,644
	626,610	Morgan Stanley		20,089,117
	695,500	Synchrony Financial		19,474,000
	486,000	Zions Bancorporation		15,075,720

		Total		279,184,658


	Health Care (13.2%)
	107,700	Amgen, Inc.		17,965,437
	288,000	Express Scripts Holding Company^b		20,312,640
	262,140	Medtronic plc		22,648,896
	790,450	Merck & Company, Inc.		49,331,984
	809,000	Pfizer, Inc.		27,400,830
	329,900	Roche Holding AG ADR		10,217,003
	117,547	UnitedHealth Group, Inc.		16,456,580

		Total		164,333,370


	Industrials (10.0%)
	89,650	Boeing Company		11,810,491
	471,650	CSX Corporation		14,385,325
	325,100	Delta Air Lines, Inc.		12,795,936
	175,603	Honeywell International, Inc.		20,473,554
	256,250	Ingersoll-Rand plc		17,409,625
	147,050	Norfolk Southern Corporation		14,272,673
	67,000	Rockwell Automation, Inc.		8,196,780
	230,500	United Parcel Service, Inc.		25,207,480

		Total		124,551,864


	Information Technology (16.1%)
	22,300	Alphabet, Inc., Class C^b		17,333,567
	1,908,740	Cisco Systems, Inc.		60,545,233
	66,257	Dell Technologies, Inc.^b		3,167,084


Shares		Common Stock (96.7%)	Value
	Information Technology (16.1%) - continued
	328,400	Intel Corporation		$12,397,100
	796,960	Microsoft Corporation		45,904,896
	753,100	Oracle Corporation		29,581,768
	450,240	Texas Instruments, Inc.		31,597,843

		Total		200,527,491


	Materials (3.2%)
	275,580	Dow Chemical Company		14,283,312
	213,771	Eastman Chemical Company		14,468,021
	449,100	Mosaic Company^a		10,984,986

		Total		39,736,319


	Telecommunications Services (1.9%)
	456,764	Verizon Communications, Inc.		23,742,593

		Total		23,742,593


	Utilities (3.4%)
	680,930	PG&E Corporation		41,652,488

		Total		41,652,488



		Total Common Stock (cost $937,931,246)		1,203,248,029


Shares		Collateral Held for Securities Loaned (1.5%)	Value
	19,059,625	Thrivent Cash Management Trust		19,059,625

		Total Collateral Held for Securities Loaned (cost $19,059,625)		19,059,625


Shares or Principal Amount		Short-Term Investments (3.3%)^c	Value
		Thrivent Core Short-Term Reserve Fund
	4,105,270	0.750%		41,052,697

		Total Short-Term Investments (cost $41,052,697)		41,052,697

		Total Investments (cost $998,043,568) 101.5%		$1,263,360,351

		Other Assets and Liabilities, Net (1.5%)		(18,253,781)

		Total Net Assets 100.0%		$1,245,106,570

a	All or a portion of the security is on loan.

b	Non-income producing security.

c	The interest rate shown reflects the yield, coupon rate or the discount rate at the date of purchase.

The following table is a summary of the inputs used, as of September 30, 2016, in valuing Large Cap Value Portfolio’s assets carried at fair value.

There were no significant transfers between Levels during the period ended September 30, 2016. Transfers between Levels are identified as of the end of the period.

A summary of transactions for the fiscal year to date, in Large Cap Value Portfolio, is as follows:


Shares		Common Stock (84.9%)	Value
	Consumer Discretionary (14.5%)
	28,152	Amazon.com, Inc.^a		$23,571,951
	25,870	AutoZone, Inc.^a		19,876,956
	3,500	Bayerische Motoren Werke AG		258,316
	2,500	Beiersdorf AG		235,984
	50,300	Berkeley Group Holdings plc		1,680,701
	7,000	Brembo SPA		417,705
	63,600	Bridgestone Corporation		2,343,265
	33,279	Bunzl plc		981,340
	35,000	Calsonic Kansei Corporation		324,220
	900	Christian Dior SE		161,413
	49,700	Cineworld Group plc		373,387
	275,160	Comcast Corporation		18,254,114
	14,300	Compass Group plc		276,942
	1,200	Continental AG		252,843
	166,700	Debenhams plc		120,415
	77,800	Denso Corporation		3,104,573
	70,200	Eutelsat Communications		1,452,962
	71,400	Fuji Heavy Industries, Ltd.		2,678,892
	85,000	Gunze, Ltd.		274,608
	17,300	Hakuhodo Dy Holdings, Inc.		202,758
	5,500	Hennes & Mauritz AB		155,241
	174,700	Honda Motor Company, Ltd.		5,041,895
	97,000	Inchcape plc		827,675
	15,300	Intertek Group plc		690,697
	45,500	Kingfisher plc		221,996
	4,000	Koito Manufacturing Company, Ltd.		194,679
	6,800	KOMERI Company, Ltd.		165,475
	82,825	Las Vegas Sands Corporation		4,765,750
	5,819	Linamar Corporation		242,970
	5,700	LVMH Moet Hennessy Louis Vuitton SE		971,917
	27,500	Marks and Spencer Group plc		117,978
	6,500	Nifco, Inc.		345,319
	8,800	Nokian Renkaat Oyj		320,850
	2,400	Paddy Power plc		271,384
	104,200	Persimmon plc		2,449,998
	3,800	RTL Group SA		315,687
	24,100	Sekisui House, Ltd.		410,584
	23,100	SHOWA Corporation		121,720
	15,100	Sky plc		175,010
	363,800	Starbucks Corporation		19,696,132
	72,800	Sumitomo Forestry Company, Ltd.		974,330
	44,900	Sumitomo Rubber Industries, Ltd.		679,153
	3,400	Swatch Group AG		189,309
	78,800	Tatts Group, Ltd.		221,473
	3,200	Toyota Motor Corporation		185,621
	1,306	Valora Holding AG		372,170
	42,000	Wacoal Holdings Corporation		474,091
	66,560	Walt Disney Company		6,180,762
	9,700	Whitbread plc		492,295
	63,368	Wolters Kluwer NV		2,709,072
	46,300	WPP plc		1,088,305
	24,300	Yokohama Rubber Company, Ltd.		388,977

		Total		128,301,860


	Consumer Staples (6.4%)
	37,500	Axfood AB		662,025
	18,378	British American Tobacco plc		1,172,070
	67,100	Coca-Cola HBC AG		1,558,829
	87,340	CVS Health Corporation		7,772,387
	13,900	Ebro Foods SA		323,321
	2,179	George Weston, Ltd.		181,767
	14,500	Henkel AG & Company KGaA		1,691,201
	105,117	Imperial Brands plc		5,410,409
	12,900	Jeronimo Martins SGPS SA		223,579
	15,200	Kao Corporation		859,378


Shares		Common Stock (84.9%)	Value
	Consumer Staples (6.4%) - continued
	6,900	Kesko Oyj		$317,883
	50,290	Kimberly-Clark Corporation		6,343,581
	186,917	Koninklijke Ahold Delhaize NV		4,257,237
	100	Lindt & Spruengli AG		578,317
	20,000	Nestle SA		1,579,282
	166,375	Philip Morris International, Inc.		16,174,977
	4,445	Premium Brands Holdings Corporation		209,384
	15,800	Suedzucker AG		439,410
	86,000	Walgreens Boots Alliance, Inc.		6,933,320

		Total		56,688,357


	Energy (8.1%)
	298,050	Baker Hughes, Inc.		15,042,583
	50,012	Baytex Energy Corporation^a,b		212,330
	1,258,611	BP plc		7,336,073
	142,229	Chevron Corporation		14,638,209
	62,530	EQT Corporation		4,540,929
	58,585	OMV AG		1,686,790
	44,230	Pioneer Natural Resources Company		8,211,299
	50,766	Royal Dutch Shell plc		1,266,856
	2,179	Royal Dutch Shell plc, Class A		54,209
	116,407	Royal Dutch Shell plc, Class B		3,017,916
	14,210	Schlumberger, Ltd.		1,117,474
	49,215	Statoil ASA		826,236
	45,860	Total SA^b		2,181,140
	2,024,084	Weatherford International plc^a		11,375,352

		Total		71,507,396


	Financials (13.8%)
	29,800	AIA Group, Ltd.		200,397
	48,600	Allianz SE		7,222,494
	108,000	Australia & New Zealand Banking Group, Ltd.		2,300,571
	185,600	Banco Santander SA		823,390
	225,134	Bank of America Corporation		3,523,347
	130,200	Bank of East Asia, Ltd.^b		531,395
	25,695	Bank of Montreal		1,683,753
	88,030	Bank of Nova Scotia		4,664,694
	178,270	Blackstone Group, LP		4,551,233
	2,589	Canadian Imperial Bank of Commerce		200,754
	9,340	Canadian Western Bank^b		179,759
	55,000	Chiba Bank, Ltd.		312,356
	52,260	Chubb, Ltd.		6,566,469
	31,884	CI Financial Corporation^b		611,700
	219,870	Citigroup, Inc.		10,384,460
	60,100	CNP Assurances		1,009,740
	9,500	Danske Bank AS		277,931
	194,925	Direct Line Insurance Group plc		920,769
	54,900	Erste Group Bank AG		1,625,691
	10,100	EXOR SPA		408,965
	270,400	FlexiGroup, Ltd.		482,795
	401,000	Fukuoka Financial Group, Inc.		1,666,693
	14,796	Genworth MI Canada, Inc.^b		380,741
	50,260	Goldman Sachs Group, Inc.		8,105,430
	2,100	Groupe Bruxelles Lambert SA		186,403
	49,900	Hang Seng Bank, Ltd.		895,769
	22,900	Hannover Rueckversicherung SE		2,454,786
	329,300	Henderson Group plc		988,522
	13,212	Intact Financial Corporation		955,087
	42,570	Intercontinental Exchange, Inc.		11,466,655
	233,360	Invesco, Ltd.		7,297,167
	254,800	Investec plc		1,553,192
	198,299	J.P. Morgan Chase & Company		13,204,731
	33,800	Macquarie Group, Ltd.		2,137,666


Shares		Common Stock (84.9%)	Value
	Financials (13.8%) - continued
	833,900	Mizuho Financial Group, Inc.		$1,405,487
	15,900	MS and AD Insurance Group Holdings, Inc.		443,152
	15,500	National Australia Bank, Ltd.		333,188
	99,497	National Bank of Canada		3,528,031
	48,400	Nordea Bank AB		480,635
	68,700	Old Mutual plc		180,078
	60,614	Power Corporation of Canada		1,283,939
	8,600	Power Financial Corporation		199,276
	10,528	Schroders plc		367,650
	39,900	Swiss Re AG		3,603,706
	134,730	Synchrony Financial		3,772,440
	95,900	T&D Holdings, Inc.		1,081,857
	7,200	Talanx AG		219,709
	5,700	Tokio Marine Holdings, Inc.		218,595
	15,990	Toronto-Dominion Bank		709,827
	124,917	United Overseas Bank, Ltd.^b		1,733,072
	121,600	Westpac Banking Corporation		2,766,667

		Total		122,102,814


	Health Care (9.5%)
	40,130	Alexion Pharmaceuticals, Inc.^a		4,917,530
	30,322	Allergan plc^a		6,983,460
	26,800	Amgen, Inc.		4,470,508
	48,920	Celgene Corporation^a		5,113,608
	18,000	CSL, Ltd.		1,480,152
	37,208	Essilor International SA		4,799,690
	69,309	Gilead Sciences, Inc.		5,483,728
	28,500	Grifols SA		614,327
	29,500	Hikma Pharmaceuticals plc		770,586
	2,497	ICON plc^a		193,193
	5,100	Lonza Group AG		976,135
	256,160	Merck & Company, Inc.		15,986,946
	16,100	Merck KGaA		1,736,634
	52,100	Novartis AG		4,111,749
	52,000	Novo Nordisk AS		2,167,293
	384,920	Pfizer, Inc.		13,037,241
	5,800	Roche Holding AG-Genusschein		1,441,292
	45,200	Sanofi		3,442,040
	71,982	Vertex Pharmaceuticals, Inc.^a		6,277,550

		Total		84,003,662


	Industrials (10.4%)
	45,800	ABB, Ltd.		1,032,239
	15,500	Adecco SA		873,669
	175,865	Air New Zealand, Ltd.		238,556
	25,200	Amada Holdings Company, Ltd.		262,138
	7,200	Andritz AG		391,805
	119,000	Asahi Glass Company, Ltd.		769,448
	8,400	Atlas Copco Aktiebolag		252,878
	20,200	Babcock International Group plc		270,436
	11,500	Berendsen plc		184,885
	77,050	Boeing Company		10,150,567
	3,500	Brenntag AG		191,272
	33,698	Canadian National Railway Company		2,202,782
	15,000	Capita plc		129,940
	119,000	Cathay Pacific Airways, Ltd.		166,354
	51,500	Cummins, Inc.		6,599,725
	31,000	Dai Nippon Printing Company, Ltd.		304,099
	20,870	Dart Group plc		113,342
	2,200	DCC plc		199,883
	229,810	Delta Air Lines, Inc.		9,045,322
	21,000	Deutsche Post AG		657,482
	16,300	DSV AS		813,291
	18,700	East Japan Railway Company		1,687,938
	5,000	Flughafen Zuerich AG		977,469


Shares		Common Stock (84.9%)	Value
	Industrials (10.4%) - continued
	11,000	Fraport AG Frankfurt Airport Services Worldwide		$602,035
	700	Georg Fischer AG		613,686
	12,800	Hitachi Transport System, Ltd.		255,769
	4,700	Hochtief AG		663,291
	57,240	Honeywell International, Inc.		6,673,612
	14,800	Inaba Denki Sangyo Company, Ltd.		534,963
	293,400	ITOCHU Corporation		3,693,779
	9,600	Jardine Matheson Holdings, Ltd.		581,856
	32,000	Kamigumi Company, Ltd.		279,167
	68,900	KITZ Corporation		381,343
	78,000	KONE Oyj		3,959,848
	15,945	Koninklijke Boskalis Westminster NV		567,498
	3,600	Kuehne & Nagel International AG		523,175
	14,100	Kurita Water Industries, Ltd.		335,035
	3,500	Legrand SA		206,338
	101,700	Marubeni Corporation		522,443
	110,500	Meggitt plc		644,952
	27,000	MIRAIT Holdings Corporation		230,066
	94,000	Mitsubishi Electric Corporation		1,204,771
	31,000	Mitsuboshi Belting, Ltd.		263,415
	185,200	Mitsui & Company, Ltd.		2,566,666
	51,000	Nippon Express Company, Ltd.		238,424
	52,900	Nitto Kogyo Corporation		694,425
	129,970	Norfolk Southern Corporation		12,614,888
	11,900	Randstad Holding NV		541,125
	1,624	Rieter Holding AG		329,468
	27,200	Sanwa Holdings Corporation		263,323
	1,100	Schindler Holding AG		208,349
	5,800	Schindler Holding AG, Participation Certificate		1,089,138
	27,100	Siemens AG		3,177,771
	15,700	Skanska AB		366,795
	27,700	SKF AB		478,361
	45,300	Smiths Group plc		859,897
	7,900	TOTO, Ltd.		298,676
	39,870	United Parcel Service, Inc.		4,360,183
	42,900	Vinci SA		3,285,229
	11,596	WSP Global, Inc.^b		365,306
	9,700	Yuasa Trading Company, Ltd.		222,855

		Total		92,213,441


	Information Technology (13.5%)
	24,244	Alphabet, Inc., Class A^a		19,493,631
	24,660	Alphabet, Inc., Class C^a		19,167,971
	281,918	Apple, Inc.		31,870,830
	28,000	Canon, Inc.		812,906
	35,910	Check Point Software Technologies, Ltd.^a		2,786,975
	207,180	Cisco Systems, Inc.		6,571,749
	53,069	Dell Technologies, Inc.^a		2,536,698
	103,395	Facebook, Inc.^a		13,262,477
	64,500	FUJIFILM Holdings NPV		2,389,266
	14,100	Halma plc		191,433
	5,200	Hoya Corporation		209,185
	14,600	Kyocera Corporation		701,578
	7,300	Micro Focus International plc		207,789
	157,030	Microsoft Corporation		9,044,928
	27,500	NEC Networks & System Integration Corporation		468,435
	9,400	Nice, Ltd.		625,911
	14,800	NS Solutions Corporation		258,641
	4,500	NTT Data Corporation		224,750
	3,100	Oracle Corporation Japan		175,143
	111,960	Salesforce.com, Inc.^a		7,986,107
	2,400	SAP SE		219,487


Shares		Common Stock (84.9%)	Value
	Information Technology (13.5%) - continued
	6,000	Trend Micro, Inc.		$209,311
	5,100	United Internet AG		225,865

		Total		119,641,066


	Materials (3.5%)
	14,100	Adeka Corporation		195,079
	4,200	Air Liquide SA		450,396
	16,200	Amcor, Ltd.		188,686
	191,000	BHP Billiton, Ltd.		3,308,601
	10,200	Croda International plc		460,265
	164,100	Daicel Corporation		2,073,744
	42,000	Denki Kagaku Kogyo KK		181,896
	146,250	Dow Chemical Company		7,580,137
	95,580	Eastman Chemical Company		6,468,854
	6,400	Evonik Industries AG		216,669
	400	Geberit AG		175,336
	500	Givaudan SA		1,019,360
	22,100	Hexpol AB		198,160
	17,600	JSR Corporation		276,628
	34,600	Kuraray Company, Ltd.		513,291
	84,200	Mitsubishi Chemical Holdings Corporation		527,884
	17,500	Mitsubishi Gas Chemical Company, Inc.		250,549
	10,500	Mitsubishi Materials Corporation		287,200
	3,200	Nippon Shokubai Company, Ltd.		199,915
	2,900	Nitto Denko Corporation		188,343
	344,238	Norsk Hydro ASA		1,488,405
	94,800	Orora, Ltd.		229,917
	81	Rio Tinto, Ltd.		3,222
	34,200	RPC Group plc		424,996
	18,000	Sumitomo Metal Mining Company, Ltd.		248,611
	7,800	Sumitomo Seika Chemicals Company, Ltd.		276,443
	43,000	Tosoh Corporation		265,035
	65,983	UPM-Kymmene Oyj		1,393,210
	62,755	Yara International ASA		2,091,186

		Total		31,182,018


	Real Estate (1.5%)
	171,900	CapitaMall Trust		273,867
	2,600	Daito Trust Construction Company, Ltd.		415,843
	27,400	Derwent London plc		923,545
	273,900	DEXUS Property Group		1,925,126
	158,500	Frasers Centrepoint Trust		255,701
	21,300	Great Portland Estates plc		174,672
	91,424	H&R Real Estate Investment Trust		1,563,048
	21,959	Hamborner REIT AG		232,296
	37,200	Hufvudstaden AB		644,550
	322,000	Hysan Development Company, Ltd.		1,515,028
	59,500	Link REIT		439,235
	1,214,799	New World Development Company, Ltd.		1,592,957
	10,681	RioCan Real Estate Investment Trust		221,607
	498,371	Stockland		1,825,248
	2,200	Swiss Prime Site AG^a		193,203
	35,000	Wharf Holdings, Ltd.		256,780
	48,000	Wheelock and Company, Ltd.		285,109
	296,600	Wing Tai Holdings, Ltd.		368,106

		Total		13,105,921


	Telecommunications Services (1.1%)
	12,144	BCE, Inc.		560,849
	155,700	BT Group plc		783,372


Shares		Common Stock (84.9%)	Value
	Telecommunications Services (1.1%) - continued
	58,600	Elisa Oyj		$2,159,614
	40,400	Freenet AG		1,182,460
	673,467	KCOM Group plc		1,011,927
	4,500	Millicom International Cellular SA		233,151
	4,300	Nippon Telegraph & Telephone Corporation		196,665
	55,400	Orange SA		867,987
	788,000	PCCW, Ltd.		485,341
	19,900	Proximus SA		595,331
	69,100	Telefonica Deutschland Holding AG		278,607
	44,931	Telenor ASA		772,629
	73,100	Vodafone Group plc		209,644

		Total		9,337,577


	Utilities (2.6%)
	23,400	E.ON SE		166,316
	340,500	Electricidade de Portugal SA		1,142,727
	501,000	Osaka Gas Company, Ltd.		2,101,304
	300,170	PG&E Corporation		18,361,399
	224,500	Redes Energeticas Nacionais SGPS SA		656,205
	38,000	Toho Gas Company, Ltd.		355,839
	47,000	United Utilities Group plc		610,468

		Total		23,394,258



		Total Common Stock (cost $620,208,602)		751,478,370


Shares		Registered Investment Companies (0.1%)	Value
	Equity Funds/ETFs (<0.1%)
	13,290	iShares MSCI EAFE Index Fund		785,838

		Total		785,838



		Total Registered Investment Companies (cost $788,836)		785,838


Shares		Collateral Held for Securities Loaned (0.5%)	Value
	4,118,740	Thrivent Cash Management Trust		4,118,740

		Total Collateral Held for Securities Loaned (cost $4,118,740)		4,118,740


Shares or Principal Amount		Short-Term Investments (13.9%)^c	Value
		Federal Home Loan Bank Discount Notes
	4,993,000	0.350%, 10/5/2016^d		4,992,945
	320,000	0.300%, 10/6/2016		319,995
	4,255,000	0.348%, 10/7/2016^d		4,254,911
	500,000	0.300%, 10/11/2016		499,979
	105,000	0.260%, 10/21/2016		104,990
	3,000,000	0.273%, 10/26/2016		2,999,637
	3,800,000	0.325%, 10/28/2016		3,799,498
	4,400,000	0.327%, 11/9/2016		4,399,006
	8,900,000	0.250%, 11/14/2016		8,897,713
	500,000	0.250%, 11/18/2016		499,859
	425,000	0.300%, 11/21/2016		424,873
	6,100,000	0.266%, 11/23/2016		6,098,097
	4,200,000	0.340%, 11/30/2016		4,198,513
	8,200,000	0.345%, 12/2/2016		8,196,449
	29,800,000	0.353%, 12/7/2016		29,786,024


Shares or Principal Amount		Short-Term Investments (13.9%)^c	Value
		Thrivent Core Short-Term Reserve Fund
	4,393,434	0.750%		$43,934,341

		Total Short-Term Investments (cost $123,396,509)		123,406,830

		Total Investments (cost $748,512,687) 99.4%		$879,789,778

		Other Assets and Liabilities, Net 0.6%		5,563,228

		Total Net Assets 100.0%		$885,353,006

a	Non-income producing security.

b	All or a portion of the security is on loan.

c	The interest rate shown reflects the yield, coupon rate or the discount rate at the date of purchase.

d	All or a portion of the security is held on deposit with the counterparty and pledged as the initial margin deposit for open futures contracts.

The following table presents the total amount of securities loaned with continuous maturity, by type, offset by the gross payable upon return of collateral for securities loaned by Thrivent Large Cap Stock Portfolio as of September 30, 2016:


Securities Lending Transactions
Common Stock	$	3,955,016

Total lending	$	3,955,016
Gross amount payable upon return of collateral for securities loaned	$	4,118,740

Net amounts due to counterparty	$	163,724

Definitions:


REIT			-			Real Estate Investment Trust is a company that buys, develops, manages and/or sells real estate assets.


Unrealized Appreciation (Depreciation)
Gross unrealized appreciation and depreciation of investments, based on cost for federal income tax purposes, were as follows:

Gross unrealized appreciation	$	154,345,071
Gross unrealized depreciation		(23,067,980)

Net unrealized appreciation (depreciation)	$	131,277,091

Cost for federal income tax purposes	$	748,512,687

The following table is a summary of the inputs used, as of September 30, 2016, in valuing Large Cap Stock Portfolio’s assets carried at fair value.

There were no significant transfers between Levels during the period ended September 30, 2016. Transfers between Levels are identified as of the end of the period.

The following table presents Large Cap Stock Portfolio’s futures contracts held as of September 30, 2016. Investments and/or cash totaling $7,099,896 were pledged as the initial margin deposit for these contracts.

A summary of transactions for the fiscal year to date, in Large Cap Stock Portfolio, is as follows:


Shares		Common Stock (97.2%)	Value
	Consumer Discretionary (12.1%)
	2,420	Advance Auto Parts, Inc.		$360,870
	12,880	Amazon.com, Inc.^a		10,784,553
	2,180	AutoNation, Inc.^a		106,188
	960	AutoZone, Inc.^a		737,606
	5,040	Bed Bath & Beyond, Inc.		217,274
	9,065	Best Buy Company, Inc.		346,102
	6,620	BorgWarner, Inc.		232,892
	6,260	CarMax, Inc.^a,b		333,971
	14,120	Carnival Corporation		689,338
	13,302	CBS Corporation		728,151
	7,090	Charter Communications, Inc.^a		1,914,087
	960	Chipotle Mexican Grill, Inc.^a		406,560
	9,060	Coach, Inc.		331,234
	78,765	Comcast Corporation		5,225,270
	10,950	D.R. Horton, Inc.		330,690
	4,140	Darden Restaurants, Inc.		253,865
	8,940	Delphi Automotive plc		637,601
	4,910	Discovery Communications, Inc., Class A^a,b		132,177
	7,310	Discovery Communications, Inc., Class C^a		192,326
	8,480	Dollar General Corporation		593,515
	7,728	Dollar Tree, Inc.^a		609,971
	3,890	Expedia, Inc.		454,041
	4,420	Foot Locker, Inc.		299,322
	127,351	Ford Motor Company		1,537,127
	7,162	Gap, Inc.		159,283
	3,770	Garmin, Ltd.		181,375
	46,568	General Motors Company		1,479,465
	4,850	Genuine Parts Company		487,182
	8,630	Goodyear Tire & Rubber Company		278,749
	7,180	H&R Block, Inc.		166,217
	12,400	Hanesbrands, Inc.		313,100
	5,840	Harley-Davidson, Inc.		307,126
	2,290	Harman International Industries, Inc.		193,390
	3,690	Hasbro, Inc.		292,728
	40,520	Home Depot, Inc.		5,214,114
	13,077	Interpublic Group of Companies, Inc.		292,271
	5,870	Kohl’s Corporation		256,812
	7,874	L Brands, Inc.		557,243
	4,360	Leggett & Platt, Inc.		198,729
	6,120	Lennar Corporation		259,121
	10,010	LKQ Corporation^a		354,955
	28,640	Lowe’s Companies, Inc.		2,068,094
	10,108	Macy’s, Inc.		374,501
	10,526	Marriott International, Inc.		708,716
	11,080	Mattel, Inc.		335,502
	27,980	McDonald’s Corporation		3,227,773
	5,480	Michael Kors Holdings, Ltd.^a		256,409
	2,060	Mohawk Industries, Inc.^a		412,700
	14,060	Netflix, Inc.^a		1,385,613
	15,813	Newell Brands, Inc.		832,713
	12,465	News Corporation, Class A		174,261
	3,920	News Corporation, Class B		55,742
	44,210	NIKE, Inc.		2,327,656
	3,800	Nordstrom, Inc.^b		197,144
	7,740	Omnicom Group, Inc.		657,900
	3,120	O’Reilly Automotive, Inc.^a		873,943
	1,630	Priceline Group, Inc.^a		2,398,529
	10,052	PulteGroup, Inc.		201,442
	2,610	PVH Corporation		288,405
	1,830	Ralph Lauren Corporation		185,086
	12,930	Ross Stores, Inc.		831,399
	5,490	Royal Caribbean Cruises, Ltd.		411,476
	3,120	Scripps Networks Interactive, Inc.		198,089
	2,630	Sherwin-Williams Company		727,616


Shares		Common Stock (97.2%)	Value
	Consumer Discretionary (12.1%) - continued
	2,470	Signet Jewelers, Ltd.		$184,089
	1,910	Snap-On, Inc.		290,244
	21,315	Staples, Inc.		182,243
	48,160	Starbucks Corporation		2,607,382
	18,870	Target Corporation		1,295,992
	6,980	Tegna, Inc.		152,583
	3,520	Tiffany & Company		255,658
	25,430	Time Warner, Inc.		2,024,482
	21,500	TJX Companies, Inc.		1,607,770
	4,380	Tractor Supply Company		294,993
	3,730	TripAdvisor, Inc.^a		235,661
	15,920	Twenty-First Century Fox, Inc., Class B		393,861
	34,790	Twenty-First Century Fox, Inc., Class A		842,614
	1,920	Ulta Salon Cosmetics & Fragrance, Inc.^a		456,922
	5,960	Under Armour, Inc., Class A^a,b		230,533
	5,988	Under Armour, Inc., Class C^a		202,754
	2,910	Urban Outfitters, Inc.^a		100,453
	10,840	VF Corporation		607,582
	11,282	Viacom, Inc.		429,844
	48,377	Walt Disney Company		4,492,288
	2,467	Whirlpool Corporation		400,049
	3,592	Wyndham Worldwide Corporation		241,849
	2,600	Wynn Resorts, Ltd.		253,292
	12,150	Yum! Brands, Inc.		1,103,342

		Total		76,463,780


	Consumer Staples (9.6%)
	64,180	Altria Group, Inc.		4,058,101
	19,018	Archer-Daniels-Midland Company		801,989
	5,984	Brown-Forman Corporation		283,881
	6,360	Campbell Soup Company		347,892
	8,430	Church & Dwight Company, Inc.		403,966
	4,250	Clorox Company		532,015
	127,330	Coca-Cola Company		5,388,606
	29,230	Colgate-Palmolive Company		2,167,112
	13,620	ConAgra Foods, Inc.		641,638
	5,830	Constellation Brands, Inc.		970,637
	14,400	Costco Wholesale Corporation		2,196,144
	2,290	Coty, Inc.^a		53,815
	35,084	CVS Health Corporation		3,122,125
	6,090	Dr. Pepper Snapple Group, Inc.		556,078
	7,240	Estee Lauder Companies, Inc.		641,174
	19,570	General Mills, Inc.		1,250,132
	4,600	Hershey Company		439,760
	8,820	Hormel Foods Corporation		334,543
	3,811	J.M. Smucker Company		516,543
	8,260	Kellogg Company		639,902
	11,772	Kimberly-Clark Corporation		1,484,920
	19,497	Kraft Heinz Company		1,745,176
	31,050	Kroger Company		921,564
	3,750	McCormick & Company, Inc.		374,700
	6,028	Mead Johnson Nutrition Company		476,272
	6,040	Molson Coors Brewing Company		663,192
	50,772	Mondelez International, Inc.		2,228,891
	4,440	Monster Beverage Corporation^a		651,836
	47,180	PepsiCo, Inc.		5,131,769
	50,830	Philip Morris International, Inc.		4,941,693
	87,498	Procter & Gamble Company		7,852,945
	27,138	Reynolds American, Inc.		1,279,557
	5,450	Safeway, Inc. (Casa Ley SA de CV) Contingent Value Rights^a,c		4,978


Shares		Common Stock (97.2%)	Value
	Consumer Staples (9.6%) - continued
	5,450	Safeway, Inc. (Property Development Centers, LLC) Contingent Value Rights^a,c		$239
	16,720	Sysco Corporation		819,447
	9,710	Tyson Foods, Inc.		725,046
	28,080	Walgreens Boots Alliance, Inc.		2,263,810
	49,850	Wal-Mart Stores, Inc.		3,595,182
	10,350	Whole Foods Market, Inc.		293,422

		Total		60,800,692


	Energy (7.1%)
	18,072	Anadarko Petroleum Corporation		1,145,042
	12,450	Apache Corporation		795,182
	14,003	Baker Hughes, Inc.		706,731
	15,290	Cabot Oil & Gas Corporation		394,482
	21,380	Chesapeake Energy Corporation^a		134,053
	61,796	Chevron Corporation		6,360,044
	3,120	Cimarex Energy Company		419,234
	4,680	Concho Resources, Inc.^a		642,798
	40,519	ConocoPhillips		1,761,361
	17,100	Devon Energy Corporation		754,281
	18,040	EOG Resources, Inc.		1,744,648
	5,660	EQT Corporation		411,029
	135,970	Exxon Mobil Corporation		11,867,462
	7,350	FMC Technologies, Inc.^a		218,075
	28,190	Halliburton Company		1,265,167
	3,550	Helmerich & Payne, Inc.^b		238,915
	8,830	Hess Corporation		473,465
	62,560	Kinder Morgan, Inc.		1,447,013
	27,598	Marathon Oil Corporation		436,324
	17,278	Marathon Petroleum Corporation		701,314
	5,310	Murphy Oil Corporation		161,424
	12,330	National Oilwell Varco, Inc.		453,004
	6,480	Newfield Exploration Company^a		281,621
	14,120	Noble Energy, Inc.		504,649
	25,000	Occidental Petroleum Corporation		1,823,000
	6,840	ONEOK, Inc.		351,508
	14,504	Phillips 66		1,168,297
	5,540	Pioneer Natural Resources Company		1,028,501
	6,140	Range Resources Corporation		237,925
	45,559	Schlumberger, Ltd.		3,582,760
	16,030	Southwestern Energy Company^a		221,855
	23,024	Spectra Energy Corporation		984,276
	3,870	Tesoro Corporation		307,897
	11,200	Transocean, Ltd.^a,b		119,392
	15,040	Valero Energy Corporation		797,120
	22,270	Williams Companies, Inc.		684,357

		Total		44,624,206


	Financials (12.4%)
	1,740	Affiliated Managers Group, Inc.^a		251,778
	13,390	Aflac, Inc.		962,339
	12,162	Allstate Corporation		841,367
	25,370	American Express Company		1,624,695
	33,377	American International Group, Inc.		1,980,591
	5,260	Ameriprise Financial, Inc.		524,790
	8,685	Aon plc		976,976
	5,790	Arthur J. Gallagher & Company		294,537
	1,960	Assurant, Inc.		180,810
	333,850	Bank of America Corporation		5,224,752
	34,872	Bank of New York Mellon Corporation		1,390,695
	26,700	BB&T Corporation		1,007,124
	62,149	Berkshire Hathaway, Inc.^a		8,978,666
	3,980	BlackRock, Inc.		1,442,591
	16,563	Capital One Financial Corporation		1,189,720
	39,325	Charles Schwab Corporation		1,241,490


Shares		Common Stock (97.2%)	Value
	Financials (12.4%) - continued
	15,218	Chubb, Ltd.		$1,912,142
	4,898	Cincinnati Financial Corporation		369,407
	95,083	Citigroup, Inc.		4,490,770
	16,980	Citizens Financial Group, Inc.		419,576
	11,120	CME Group, Inc.		1,162,262
	5,680	Comerica, Inc.		268,778
	13,235	Discover Financial Services		748,439
	8,940	E*TRADE Financial Corporation^a		260,333
	25,114	Fifth Third Bancorp		513,832
	11,460	Franklin Resources, Inc.		407,632
	12,370	Goldman Sachs Group, Inc.		1,994,910
	12,620	Hartford Financial Services Group, Inc.		540,388
	35,661	Huntington Bancshares, Inc.		351,617
	3,910	Intercontinental Exchange, Inc.		1,053,198
	13,330	Invesco, Ltd.		416,829
	118,338	J.P. Morgan Chase & Company		7,880,127
	35,390	KeyCorp		430,696
	3,010	Legg Mason, Inc.		100,775
	10,571	Leucadia National Corporation		201,272
	7,614	Lincoln National Corporation		357,706
	9,050	Loews Corporation		372,408
	5,136	M&T Bank Corporation		596,290
	16,980	Marsh & McLennan Companies, Inc.		1,141,905
	35,872	MetLife, Inc.		1,593,793
	5,470	Moody’s Corporation		592,292
	48,310	Morgan Stanley		1,548,819
	3,740	Nasdaq, Inc.		252,600
	10,330	Navient Corporation		149,475
	6,950	Northern Trust Corporation		472,531
	10,160	People’s United Financial, Inc.		160,731
	16,084	PNC Financial Services Group, Inc.		1,449,008
	8,760	Principal Financial Group, Inc.		451,228
	19,020	Progressive Corporation		599,130
	14,270	Prudential Financial, Inc.		1,165,146
	40,927	Regions Financial Corporation		403,949
	8,620	S&P Global, Inc.		1,090,947
	11,940	State Street Corporation		831,382
	16,370	SunTrust Banks, Inc.		717,006
	25,910	Synchrony Financial		725,480
	8,128	T. Rowe Price Group, Inc.		540,512
	3,650	Torchmark Corporation		233,199
	9,411	Travelers Companies, Inc.		1,078,030
	52,605	U.S. Bancorp		2,256,228
	7,674	Unum Group		270,969
	148,410	Wells Fargo & Company		6,571,595
	4,257	Willis Towers Watson plc		565,202
	9,000	XL Group, Ltd.		302,670
	6,710	Zions Bancorporation		208,144

		Total		78,334,279


	Health Care (13.9%)
	48,150	Abbott Laboratories		2,036,263
	53,350	AbbVie, Inc.		3,364,784
	11,459	Aetna, Inc.		1,322,941
	7,330	Alexion Pharmaceuticals, Inc.^a		898,218
	12,912	Allergan plc^a		2,973,763
	5,890	AmerisourceBergen Corporation		475,794
	24,540	Amgen, Inc.		4,093,517
	8,570	Anthem, Inc.		1,073,907
	16,030	Baxter International, Inc.		763,028
	6,955	Becton, Dickinson and Company		1,250,022
	7,180	Biogen, Inc.^a		2,247,555
	44,510	Boston Scientific Corporation^a		1,059,338
	54,728	Bristol-Myers Squibb Company		2,950,934
	2,410	C.R. Bard, Inc.		540,515


Shares		Common Stock (97.2%)	Value
	Health Care (13.9%) - continued
	10,445	Cardinal Health, Inc.		$811,576
	25,190	Celgene Corporation^a		2,633,111
	5,560	Centene Corporation^a		372,298
	9,860	Cerner Corporation^a		608,855
	8,390	CIGNA Corporation		1,093,385
	1,620	Cooper Companies, Inc.		290,401
	5,410	DaVita HealthCare Partners, Inc.^a		357,439
	7,620	Dentsply Sirona, Inc.		452,857
	6,970	Edwards Lifesciences Corporation^a		840,303
	31,830	Eli Lilly and Company		2,554,676
	6,370	Endo International plc^a		128,355
	20,655	Express Scripts Holding Company^a		1,456,797
	43,160	Gilead Sciences, Inc.		3,414,819
	9,620	HCA Holdings, Inc.^a		727,561
	2,680	Henry Schein, Inc.^a		436,786
	9,090	Hologic, Inc.^a		352,965
	4,890	Humana, Inc.		864,992
	4,780	Illumina, Inc.^a		868,335
	1,260	Intuitive Surgical, Inc.^a		913,286
	89,770	Johnson & Johnson		10,604,530
	3,350	Laboratory Corporation of America Holdings^a		460,558
	3,480	Mallinckrodt, LLC^a		242,834
	7,352	McKesson Corporation		1,225,946
	45,139	Medtronic plc		3,900,009
	90,573	Merck & Company, Inc.		5,652,661
	870	Mettler-Toledo International, Inc.^a		365,252
	14,930	Mylan NV^a		569,132
	2,740	Patterson Companies, Inc.		125,875
	3,560	PerkinElmer, Inc.		199,752
	4,660	Perrigo Company plc		430,258
	198,770	Pfizer, Inc.		6,732,340
	4,530	Quest Diagnostics, Inc.		383,374
	2,460	Regeneron Pharmaceuticals, Inc.^a		988,969
	9,334	St. Jude Medical, Inc.		744,480
	10,170	Stryker Corporation		1,183,890
	12,880	Thermo Fisher Scientific, Inc.		2,048,693
	31,160	UnitedHealth Group, Inc.		4,362,400
	2,930	Universal Health Services, Inc.		361,035
	3,050	Varian Medical Systems, Inc.^a		303,566
	8,080	Vertex Pharmaceuticals, Inc.^a		704,657
	2,640	Waters Corporation^a		418,414
	6,540	Zimmer Biomet Holdings, Inc.		850,331
	16,180	Zoetis, Inc.		841,522

		Total		87,929,854


	Industrials (9.9%)
	19,800	3M Company		3,489,354
	1,420	Acuity Brands, Inc.		375,732
	4,010	Alaska Air Group, Inc.		264,099
	3,131	Allegion plc		215,757
	17,230	American Airlines Group, Inc.		630,790
	7,640	AMETEK, Inc.		365,039
	18,970	Boeing Company		2,499,108
	4,690	C.H. Robinson Worldwide, Inc.		330,457
	19,080	Caterpillar, Inc.		1,693,731
	2,800	Cintas Corporation		315,280
	31,000	CSX Corporation		945,500
	5,080	Cummins, Inc.		651,002
	19,870	Danaher Corporation		1,557,609
	9,460	Deere & Company		807,411
	24,480	Delta Air Lines, Inc.		963,533
	5,090	Dover Corporation		374,827
	1,180	Dun & Bradstreet Corporation		161,212
	14,784	Eaton Corporation plc		971,457
	21,000	Emerson Electric Company		1,144,710


Shares		Common Stock (97.2%)	Value
	Industrials (9.9%) - continued
	3,920	Equifax, Inc.		$527,553
	5,930	Expeditors International of Washington, Inc.		305,514
	9,450	Fastenal Company		394,821
	8,000	FedEx Corporation		1,397,440
	2,500	First Solar, Inc.^a,b		98,725
	4,250	Flowserve Corporation		205,020
	4,540	Fluor Corporation		232,993
	9,805	Fortive Corporation		499,074
	5,040	Fortune Brands Home and Security, Inc.		292,824
	9,410	General Dynamics Corporation		1,460,056
	294,127	General Electric Company		8,712,042
	24,905	Honeywell International, Inc.		2,903,674
	10,450	Illinois Tool Works, Inc.		1,252,328
	8,400	Ingersoll-Rand plc		570,696
	3,960	Jacobs Engineering Group, Inc.^a		204,811
	2,880	JB Hunt Transport Services, Inc.		233,683
	30,965	Johnson Controls International plc		1,440,801
	3,540	Kansas City Southern		330,353
	2,530	L-3 Communications Holdings, Inc.		381,347
	8,260	Lockheed Martin Corporation		1,980,087
	10,780	Masco Corporation		369,862
	10,970	Nielsen Holdings plc		587,663
	9,630	Norfolk Southern Corporation		934,688
	5,868	Northrop Grumman Corporation		1,255,459
	11,457	PACCAR, Inc.		673,442
	4,375	Parker Hannifin Corporation		549,194
	5,449	Pentair, Ltd.		350,044
	6,070	Pitney Bowes, Inc.		110,231
	4,940	Quanta Services, Inc.^a		138,271
	9,680	Raytheon Company		1,317,738
	7,630	Republic Services, Inc.		384,933
	4,270	Robert Half International, Inc.		161,662
	4,220	Rockwell Automation, Inc.		516,275
	4,260	Rockwell Collins, Inc.		359,288
	3,320	Roper Industries, Inc.		605,800
	1,760	Ryder System, Inc.		116,072
	20,240	Southwest Airlines Company		787,134
	4,930	Stanley Black & Decker, Inc.		606,291
	2,800	Stericycle, Inc.^a		224,392
	8,820	Textron, Inc.		350,595
	1,640	TransDigm Group, Inc.^a		474,157
	27,290	Union Pacific Corporation		2,661,594
	9,580	United Continental Holdings, Inc.^a		502,663
	22,710	United Parcel Service, Inc.		2,483,566
	2,790	United Rentals, Inc.^a		218,987
	25,430	United Technologies Corporation		2,583,688
	5,160	Verisk Analytics, Inc.^a		419,405
	1,820	W.W. Grainger, Inc.		409,209
	13,339	Waste Management, Inc.		850,495
	5,860	Xylem, Inc.		307,357

		Total		62,490,605


	Information Technology (20.7%)
	20,340	Accenture plc		2,484,938
	22,280	Activision Blizzard, Inc.		987,004
	16,290	Adobe Systems, Inc.^a		1,768,116
	10,605	Agilent Technologies, Inc.		499,389
	5,680	Akamai Technologies, Inc.^a		300,983
	1,920	Alliance Data Systems Corporation^a		411,898
	9,680	Alphabet, Inc., Class A^a		7,783,301
	9,699	Alphabet, Inc., Class C^a		7,538,936
	10,110	Amphenol Corporation		656,341
	10,100	Analog Devices, Inc.		650,945
	177,360	Apple, Inc.		20,050,548


Shares		Common Stock (97.2%)	Value
	Information Technology (20.7%) - continued
	35,400	Applied Materials, Inc.		$1,067,310
	6,350	Autodesk, Inc.^a		459,295
	14,930	Automatic Data Processing, Inc.		1,316,826
	12,923	Broadcom, Ltd.		2,229,476
	10,272	CA, Inc.		339,798
	164,290	Cisco Systems, Inc.		5,211,279
	5,080	Citrix Systems, Inc.^a		432,918
	19,780	Cognizant Technology Solutions Corporation^a		943,704
	4,720	Computer Sciences Government Services, Inc.		126,968
	33,960	Corning, Inc.		803,154
	34,330	eBay, Inc.^a		1,129,457
	9,890	Electronic Arts, Inc.^a		844,606
	2,170	F5 Networks, Inc.^a		270,469
	76,360	Facebook, Inc.^a		9,794,697
	10,740	Fidelity National Information Services, Inc.		827,302
	7,200	Fiserv, Inc.^a		716,184
	4,510	FLIR Systems, Inc.		141,704
	5,010	Global Payments, Inc.		384,568
	4,080	Harris Corporation		373,769
	54,326	Hewlett Packard Enterprise Company		1,235,916
	55,886	HP, Inc.		867,910
	154,910	Intel Corporation		5,847,852
	28,440	International Business Machines Corporation		4,517,694
	8,050	Intuit, Inc.		885,580
	12,480	Juniper Networks, Inc.		300,269
	5,120	KLA-Tencor Corporation		356,915
	5,260	Lam Research Corporation		498,175
	7,870	Linear Technology Corporation		466,612
	31,360	MasterCard, Inc.		3,191,507
	7,040	Microchip Technology, Inc.		437,466
	33,950	Micron Technology, Inc.^a		603,631
	255,550	Microsoft Corporation		14,719,680
	5,445	Motorola Solutions, Inc.		415,345
	9,100	NetApp, Inc.		325,962
	17,360	NVIDIA Corporation		1,189,507
	98,527	Oracle Corporation		3,870,141
	10,510	Paychex, Inc.		608,214
	36,770	PayPal Holdings, Inc.^a		1,506,467
	4,190	Qorvo, Inc.^a		233,551
	48,310	QUALCOMM, Inc.		3,309,235
	5,910	Red Hat, Inc.^a		477,705
	21,090	Salesforce.com, Inc.^a		1,504,350
	9,720	Seagate Technology plc		374,706
	6,150	Skyworks Solutions, Inc.		468,261
	20,124	Symantec Corporation		505,112
	11,650	TE Connectivity, Ltd.		750,027
	4,260	Teradata Corporation^a		132,060
	32,830	Texas Instruments, Inc.		2,304,009
	5,410	Total System Services, Inc.		255,081
	3,030	VeriSign, Inc.^a		237,067
	61,720	Visa, Inc.		5,104,244
	9,323	Western Digital Corporation		545,116
	15,950	Western Union Company		332,079
	27,835	Xerox Corporation		281,969
	8,310	Xilinx, Inc.		451,565
	28,590	Yahoo!, Inc.^a		1,232,229

		Total		130,889,092


	Materials (2.7%)
	7,090	Air Products and Chemicals, Inc.		1,065,911
	3,680	Albemarle Corporation		314,603
	42,994	Alcoa, Inc.		435,959


Shares		Common Stock (97.2%)	Value
	Materials (2.7%) - continued
	2,910	Avery Dennison Corporation		$226,369
	5,700	Ball Corporation		467,115
	7,630	CF Industries Holdings, Inc.		185,791
	36,993	Dow Chemical Company		1,917,347
	28,771	E.I. du Pont de Nemours and Company		1,926,794
	4,830	Eastman Chemical Company		326,894
	8,610	Ecolab, Inc.		1,048,009
	4,370	FMC Corporation		211,246
	39,892	Freeport-McMoRan, Inc.		433,227
	2,610	International Flavors & Fragrances, Inc.		373,152
	13,401	International Paper Company		642,980
	11,160	LyondellBasell Industries NV		900,166
	2,080	Martin Marietta Materials, Inc.		372,549
	14,358	Monsanto Company		1,467,388
	11,420	Mosaic Company		279,333
	17,388	Newmont Mining Corporation		683,175
	10,470	Nucor Corporation		517,741
	5,290	Owens-Illinois, Inc.^a		97,283
	8,720	PPG Industries, Inc.		901,299
	9,340	Praxair, Inc.		1,128,552
	6,432	Sealed Air Corporation		294,714
	4,370	Vulcan Materials Company		497,000
	8,219	Westrock Company		398,457

		Total		17,113,054


	Real Estate (3.0%)
	13,920	American Tower Corporation		1,577,554
	5,116	Apartment Investment & Management Company		234,876
	4,491	AvalonBay Communities, Inc.		798,679
	5,030	Boston Properties, Inc.		685,539
	9,740	CBRE Group, Inc.^a		272,525
	11,020	Crown Castle International Corporation		1,038,194
	4,800	Digital Realty Trust, Inc.		466,176
	2,316	Equinix, Inc.		834,339
	11,960	Equity Residential		769,387
	2,140	Essex Property Trust, Inc.		476,578
	4,120	Extra Space Storage, Inc.		327,169
	2,320	Federal Realty Investment Trust		357,118
	19,080	General Growth Properties, Inc.		526,608
	15,340	HCP, Inc.		582,153
	24,371	Host Hotels & Resorts, Inc.		379,456
	8,012	Iron Mountain, Inc.		300,690
	13,740	Kimco Realty Corporation		397,773
	3,950	Macerich Company		319,436
	17,126	Prologis, Inc.		916,926
	4,870	Public Storage, Inc.		1,086,692
	8,460	Realty Income Corporation		566,228
	10,274	Simon Property Group, Inc.		2,126,821
	3,280	SL Green Realty Corporation		354,568
	8,750	UDR, Inc.		314,912
	11,500	Ventas, Inc.		812,245
	5,617	Vornado Realty Trust		568,497
	11,730	Welltower, Inc.		877,052
	24,570	Weyerhaeuser Company		784,766

		Total		18,752,957


	Telecommunications Services (2.6%)
	202,406	AT&T, Inc.		8,219,708
	17,995	CenturyLink, Inc.		493,603
	38,458	Frontier Communications Corporation^b		159,985
	9,541	Level 3 Communications, Inc.^a		442,512


Shares		Common Stock (97.2%)	Value
	Telecommunications Services (2.6%) - continued
	133,796	Verizon Communications, Inc.		$6,954,716

		Total		16,270,524


	Utilities (3.2%)
	21,490	AES Corporation		276,146
	7,460	Alliant Energy Corporation		285,793
	7,960	Ameren Corporation		391,473
	16,110	American Electric Power Company, Inc.		1,034,423
	5,840	American Water Works Company, Inc.		437,066
	14,073	CenterPoint Energy, Inc.		326,916
	9,150	CMS Energy Corporation		384,392
	9,980	Consolidated Edison, Inc.		751,494
	20,524	Dominion Resources, Inc.		1,524,317
	5,890	DTE Energy Company		551,716
	22,552	Duke Energy Corporation		1,805,062
	10,680	Edison International, Inc.		771,630
	5,870	Entergy Corporation		450,405
	10,420	Eversource Energy		564,556
	30,214	Exelon Corporation		1,005,824
	13,874	FirstEnergy Corporation		458,952
	15,340	NextEra Energy, Inc.		1,876,389
	10,549	NiSource, Inc.		254,336
	10,240	NRG Energy, Inc.		114,790
	16,340	PG&E Corporation		999,518
	3,650	Pinnacle West Capital Corporation		277,364
	22,270	PPL Corporation		769,874
	16,590	Public Service Enterprise Group, Inc.		694,623
	4,690	SCANA Corporation		339,415
	8,185	Sempra Energy		877,350
	32,070	Southern Company		1,645,191
	10,366	WEC Energy Group, Inc.		620,716
	16,645	Xcel Energy, Inc.		684,775

		Total		20,174,506



		Total Common Stock (cost $398,148,110)		613,843,549


Shares		Collateral Held for Securities Loaned (0.2%)	Value
	1,402,508	Thrivent Cash Management Trust		1,402,508

		Total Collateral Held for Securities Loaned (cost $1,402,508)		1,402,508


Shares or Principal Amount		Short-Term Investments (2.7%)^d	Value
		Federal Home Loan Bank Discount Notes
	100,000	0.300%, 10/5/2016^e		99,999
	100,000	0.369%, 10/7/2016^e		99,998
	100,000	0.370%, 10/14/2016^e		99,994
	100,000	0.300%, 11/2/2016^e		99,982
	100,000	0.325%, 11/14/2016^e		99,974
	100,000	0.320%, 11/16/2016^e		99,973
	100,000	0.344%, 11/30/2016^e		99,965
	400,000	0.345%, 12/2/2016^e		399,827


Shares or Principal Amount		Short-Term Investments (2.7%)^d	Value
		Thrivent Core Short-Term Reserve Fund
	1,602,505	0.750%		$16,025,053

		Total Short-Term Investments (cost $17,124,628)		17,124,765

		Total Investments (cost $416,675,246) 100.1%		$632,370,822

		Other Assets and Liabilities, Net (0.1%)		(575,301)

		Total Net Assets 100.0%		$631,795,521

a	Non-income producing security.

b	All or a portion of the security is on loan.

c	Security is valued at fair value. Market quotations or prices were not readily available or were determined to be unreliable. Fair value was determined in good faith pursuant to procedures adopted by the Board. Further information on fair valuation can be found in the Notes to Financial Statements.

d	The interest rate shown reflects the yield, coupon rate or the discount rate at the date of purchase.

e	All or a portion of the security is held on deposit with the counterparty and pledged as the initial margin deposit for open futures contracts.

The following table presents the total amount of securities loaned with continuous maturity, by type, offset by the gross payable upon return of collateral for securities loaned by Thrivent Large Cap Index Portfolio as of September 30, 2016:

Securities Lending Transactions


Common Stock	$	1,378,738

Total lending	$	1,378,738
Gross amount payable upon return of collateral for securities loaned	$	1,402,508

Net amounts due to counterparty	$	23,770

Unrealized Appreciation (Depreciation)


Gross unrealized appreciation and depreciation of investments, based on cost for federal income tax purposes, were as follows:

Gross unrealized appreciation	$	226,181,856
Gross unrealized depreciation		(10,486,280)

Net unrealized appreciation (depreciation)	$	215,695,576

Cost for federal income tax purposes	$	416,675,246

The following table is a summary of the inputs used, as of September 30, 2016, in valuing Large Cap Index Portfolio’s assets carried at fair value.

There were no significant transfers between Levels during the period ended September 30, 2016. Transfers between Levels are identified as of the end of the period.

The following table presents Large Cap Index Portfolio’s futures contracts held as of September 30, 2016. Investments and/or cash totaling $1,099,712 were pledged as the initial margin deposit for these contracts.

A summary of transactions for the fiscal year to date, in Large Cap Index Portfolio, is as follows:


Principal Amount		Bank Loans (2.7%)^a	Value
	Basic Materials (0.5%)
		Fortescue Metals Group, Ltd., Term Loan
	$3,540,117	3.750%, 6/30/2019		$3,535,267

		Total		3,535,267


	Capital Goods (0.3%)
		Cortes NP Acquisition Corporation, Term Loan
	2,300,000	0.000%, 10/3/2023^b,c		2,248,250

		Total		2,248,250


	Consumer Cyclical (1.8%)
		IMG Worldwide, Inc., Term Loan
	3,250,000	8.250%, 5/6/2022		3,243,923
		Mohegan Tribal Gaming Authority, Term Loan
	2,560,706	5.500%, 6/15/2018		2,558,145
	3,304,800	0.000%, 9/30/2023^b,c		3,284,145
		Scientific Games International, Inc., Term Loan
	4,961,625	6.000%, 10/1/2021		4,969,216

		Total		14,055,429


	Energy (0.1%)
		Chesapeake Energy Corporation, Term Loan
	1,050,000	8.500%, 8/23/2021		1,101,513

		Total		1,101,513



		Total Bank Loans (cost $20,441,998)		20,940,459


Principal Amount		Long-Term Fixed Income (90.0%)	Value
	Asset-Backed Securities (0.1%)
		Renaissance Home Equity Loan Trust
	1,736,379	5.746%, 5/25/2036^d		1,171,881

		Total		1,171,881


	Basic Materials (4.5%)
		Alcoa Netherlands Holding BV
	1,575,000	6.750%, 9/30/2024^e,f		1,636,031
	1,575,000	7.000%, 9/30/2026^e		1,628,156
		ArcelorMittal SA
	2,065,000	6.500%, 3/1/2021^f		2,297,312
		Bluescope Steel Finance, Ltd.
	2,620,000	6.500%, 5/15/2021^e		2,770,650
		First Quantum Minerals, Ltd.
	2,205,000	6.750%, 2/15/2020^e		2,039,625
	2,140,000	7.000%, 2/15/2021^e		1,915,300
		GCP Applied Technologies, Inc.
	1,440,000	9.500%, 2/1/2023^e		1,645,128
		HudBay Minerals, Inc.
	3,070,000	9.500%, 10/1/2020		3,078,443
		INEOS Group Holdings SA
	3,145,000	5.625%, 8/1/2024^e,f		3,086,031
		Midwest Vanadium, Pty. Ltd.
	3,268,453	11.500%, 2/15/2018^*,g		49,027
		Novelis Corporation
	1,570,000	6.250%, 8/15/2024^e		1,666,163
	2,240,000	5.875%, 9/30/2026^e		2,293,200
		PQ Corporation
	1,050,000	6.750%, 11/15/2022^e		1,113,000
		Resolute Forest Products, Inc.
	3,815,000	5.875%, 5/15/2023		3,309,513


Principal Amount		Long-Term Fixed Income (90.0%)	Value
	Basic Materials (4.5%) - continued
		Teck Resources, Ltd.
	$1,570,000	8.000%, 6/1/2021^e		$1,707,375
	1,050,000	8.500%, 6/1/2024^e,f		1,202,250
		Tembec Industries, Inc.
	2,660,000	9.000%, 12/15/2019^e		2,014,950
		Versum Materials, Inc.
	1,570,000	5.500%, 9/30/2024^e		1,613,175

		Total		35,065,329


	Capital Goods (8.9%)
		Abengoa Finance SAU
	3,250,000	7.750%, 2/1/2020^*,h		186,875
		Abengoa Greenfield SA
	3,460,000	6.500%, 10/1/2019^*,h		190,300
		AECOM
	2,660,000	5.750%, 10/15/2022		2,793,825
	1,065,000	5.875%, 10/15/2024		1,136,887
		Aircastle, Ltd.
	3,200,000	5.000%, 4/1/2023		3,352,000
		Anixter, Inc.
	3,455,000	5.125%, 10/1/2021		3,601,837
		Ardagh Packaging Finance plc
	4,190,000	7.250%, 5/15/2024^e		4,462,350
		Berry Plastics Corporation
	6,370,000	5.125%, 7/15/2023		6,465,550
		Bombardier, Inc.
	4,195,000	7.500%, 3/15/2025^e		3,864,644
		Building Materials Corporation of America
	3,990,000	6.000%, 10/15/2025^e		4,269,300
		Cemex Finance, LLC
	2,245,000	9.375%, 10/12/2022^e		2,461,081
		Cemex SAB de CV
	2,750,000	5.700%, 1/11/2025^e		2,783,550
		CNH Industrial Capital, LLC
	1,680,000	3.625%, 4/15/2018		1,701,000
	1,800,000	4.375%, 11/6/2020		1,881,000
		CNH Industrial NV
	1,800,000	4.500%, 8/15/2023		1,815,300
		Eagle Materials, Inc.
	1,570,000	4.500%, 8/1/2026		1,591,062
		Huntington Ingalls Industries, Inc.
	2,650,000	5.000%, 11/15/2025^e		2,802,375
		Milacron, LLC
	2,640,000	7.750%, 2/15/2021^e		2,745,600
		Owens-Brockway Glass Container, Inc.
	3,070,000	5.875%, 8/15/2023^e		3,300,250
		Reynolds Group Issuer, Inc.
	2,630,000	8.250%, 2/15/2021		2,741,775
	2,175,000	5.125%, 7/15/2023^e		2,245,687
		Silgan Holdings, Inc.
	3,970,000	5.000%, 4/1/2020		4,059,325
		U.S. Concrete, Inc.
	2,880,000	6.375%, 6/1/2024		2,988,000
		United Rentals North America, Inc.
	1,625,000	6.125%, 6/15/2023		1,704,219
	1,660,000	5.500%, 7/15/2025		1,693,200
	2,620,000	5.875%, 9/15/2026		2,698,600

		Total		69,535,592


	Communications Services (18.3%)
		Altice Financing SA
	1,080,000	6.500%, 1/15/2022^e,f		1,139,400
	790,000	6.625%, 2/15/2023^e		810,737


Principal Amount		Long-Term Fixed Income (90.0%)	Value
	Communications Services (18.3%) - continued
	$3,145,000	7.500%, 5/15/2026^e		$3,274,731
		Altice Finco SA
	1,050,000	9.875%, 12/15/2020^e		1,115,625
	540,000	8.125%, 1/15/2024^e,f		558,900
		Altice US Finance I Corporation
	2,900,000	5.500%, 5/15/2026^e		2,979,750
		AMC Networks, Inc.
	3,800,000	4.750%, 12/15/2022		3,847,500
	3,100,000	5.000%, 4/1/2024		3,119,375
		CCO Holdings, LLC
	2,165,000	5.250%, 3/15/2021		2,251,600
	2,165,000	5.250%, 9/30/2022		2,262,425
	5,500,000	5.875%, 4/1/2024^e		5,867,950
		CCOH Safari, LLC
	2,500,000	5.750%, 2/15/2026^e		2,650,000
		CenturyLink, Inc.
	3,935,000	7.500%, 4/1/2024^f		4,200,613
		Clear Channel Worldwide Holdings, Inc.
	3,195,000	6.500%, 11/15/2022		3,326,794
		Columbus International, Inc.
	5,060,000	7.375%, 3/30/2021^e		5,366,636
		CSC Holdings, LLC
	820,000	5.500%, 4/15/2027^e		838,450
		Digicel, Ltd.
	1,680,000	7.000%, 2/15/2020^*		1,604,400
	3,220,000	6.000%, 4/15/2021^*		2,844,548
		Frontier Communications Corporation
	5,368,000	10.500%, 9/15/2022		5,690,080
		Gray Television, Inc.
	3,560,000	5.875%, 7/15/2026^e		3,586,700
		Hughes Satellite Systems Corporation
	6,810,000	6.625%, 8/1/2026^e		6,571,650
		Level 3 Escrow II, Inc.
	3,000,000	5.375%, 8/15/2022		3,135,000
		Level 3 Financing, Inc.
	1,620,000	6.125%, 1/15/2021		1,680,750
	2,620,000	5.250%, 3/15/2026^e		2,705,150
		McGraw-Hill Global Education Holdings, LLC
	3,145,000	7.875%, 5/15/2024^e,f		3,396,600
		Neptune Finco Corporation
	5,630,000	10.875%, 10/15/2025^e		6,587,100
		Nexstar Escrow Corporation
	3,500,000	5.625%, 8/1/2024^e		3,508,750
		SFR Group SA
	3,590,000	6.000%, 5/15/2022^e		3,661,800
	2,710,000	6.250%, 5/15/2024^e		2,692,255
	2,620,000	7.375%, 5/1/2026^e		2,678,138
		Sinclair Television Group, Inc.
	1,570,000	5.875%, 3/15/2026^e		1,632,800
		Sprint Communications, Inc.
	10,325,000	9.000%, 11/15/2018^e		11,396,219
	2,870,000	7.000%, 3/1/2020^e		3,078,075
		Sprint Corporation
	7,215,000	7.625%, 2/15/2025		7,142,850
		T-Mobile USA, Inc.
	3,790,000	6.542%, 4/28/2020		3,917,912
	3,450,000	6.000%, 4/15/2024		3,691,500
		Unitymedia Hessen GmbH & Company KG
	5,100,000	5.500%, 1/15/2023^e		5,291,250


Principal Amount		Long-Term Fixed Income (90.0%)	Value
	Communications Services (18.3%) - continued
		Univision Communications, Inc.
	$2,713,000	6.750%, 9/15/2022^e		$2,879,171
	1,410,000	5.125%, 2/15/2025^e		1,418,812
		Virgin Media Secured Finance plc
	1,170,000	5.250%, 1/15/2026^e		1,187,550
	1,050,000	5.500%, 8/15/2026^e		1,071,000
		WMG Acquisition Corporation
	785,000	5.000%, 8/1/2023^e		796,775
		Zayo Group, LLC
	3,925,000	6.375%, 5/15/2025		4,160,500
		Ziggo Bond Finance BV
	1,320,000	5.875%, 1/15/2025^e		1,320,000

		Total		142,937,821


	Consumer Cyclical (13.6%)
		Allison Transmission, Inc.
	3,835,000	5.000%, 10/1/2024^e		3,930,875
		Beazer Homes USA, Inc.
	1,040,000	8.750%, 3/15/2022^e		1,097,200
		Brookfield Residential Properties, Inc.
	3,960,000	6.125%, 7/1/2022^e		3,999,600
		Choice Hotels International, Inc.
	3,445,000	5.750%, 7/1/2022		3,772,275
		Churchill Downs, Inc.
	3,536,000	5.375%, 12/15/2021		3,677,440
		Cinemark USA, Inc.
	4,475,000	4.875%, 6/1/2023		4,497,375
		CST Brands, Inc.
	2,110,000	5.000%, 5/1/2023		2,218,137
		Dana Financing Luxembourg SARL
	3,925,000	6.500%, 6/1/2026^e		4,113,400
		Dollar Tree, Inc.
	2,120,000	5.750%, 3/1/2023		2,281,650
		Goodyear Tire & Rubber Company
	3,150,000	5.000%, 5/31/2026		3,240,563
		Hanesbrands, Inc.
	1,950,000	4.875%, 5/15/2026^e		1,993,875
		Hilton Escrow Issuer, LLC
	1,310,000	4.250%, 9/1/2024^e		1,336,200
		KB Home
	1,070,000	7.250%, 6/15/2018		1,142,225
	2,000,000	8.000%, 3/15/2020^f		2,227,500
	1,580,000	7.500%, 9/15/2022		1,714,300
		L Brands, Inc.
	1,570,000	6.625%, 4/1/2021		1,809,425
	1,860,000	5.625%, 2/15/2022		2,078,550
		Lennar Corporation
	1,060,000	4.500%, 11/15/2019		1,116,975
	3,190,000	4.750%, 5/30/2025		3,237,850
		Live Nation Entertainment, Inc.
	3,918,000	5.375%, 6/15/2022^e		4,045,335
		LKQ Corporation
	4,005,000	4.750%, 5/15/2023		4,115,137
		Masonite International Corporation
	2,065,000	5.625%, 3/15/2023^e		2,178,575
		Mohegan Tribal Gaming Authority
	3,150,000	7.875%, 10/15/2024^c,e		3,142,125
		New Cotai, LLC
	2,113,387	10.625%, 5/1/2019^*		1,162,363
		PulteGroup, Inc.
	2,095,000	5.500%, 3/1/2026		2,199,750
	2,355,000	5.000%, 1/15/2027		2,365,362
		RHP Hotel Properties, LP
	790,000	5.000%, 4/15/2021		813,700


Principal Amount		Long-Term Fixed Income (90.0%)	Value
	Consumer Cyclical (13.6%) - continued
	$960,000	5.000%, 4/15/2023		$974,400
		Rite Aid Corporation
	3,165,000	6.750%, 6/15/2021		3,343,031
	3,160,000	6.375%, 4/1/2023^e		3,410,177
		Scientific Games International, Inc.
	2,190,000	6.625%, 5/15/2021		1,664,400
		Seminole Indian Tribe of Florida
	3,280,000	7.804%, 10/1/2020^*		3,296,400
		Studio City Finance, Ltd.
	2,665,000	8.500%, 12/1/2020^e,f		2,744,950
		Summit Materials, LLC
	2,650,000	6.125%, 7/15/2023		2,703,000
		Toll Brothers Finance Corporation
	2,660,000	4.875%, 11/15/2025		2,726,500
		Tunica-Biloxi Gaming Authority
	4,570,000	9.000%, 11/15/2015^*,g		1,828,000
		West Corporation
	2,560,000	5.375%, 7/15/2022^e		2,508,800
		WMG Acquisition Corporation
	4,039,000	6.750%, 4/15/2022^e		4,271,243
		Yum! Brands, Inc.
	2,090,000	5.250%, 6/1/2026^e		2,210,175
		ZF North America Capital, Inc.
	2,125,000	4.500%, 4/29/2022^e		2,253,308
	2,125,000	4.750%, 4/29/2025^e		2,231,250

		Total		105,673,396


	Consumer Non-Cyclical (11.2%)
		Albertsons Companies, LLC
	2,620,000	6.625%, 6/15/2024^e		2,724,800
		B&G Foods, Inc.
	3,700,000	4.625%, 6/1/2021		3,811,000
		Cott Beverages, Inc.
	3,265,000	5.375%, 7/1/2022		3,362,950
		Energizer Holdings, Inc.
	4,240,000	5.500%, 6/15/2025^e		4,367,200
		Envision Healthcare Corporation
	3,795,000	5.125%, 7/1/2022^e		3,776,025
		Grifols Worldwide Operations, Ltd.
	4,395,000	5.250%, 4/1/2022		4,548,825
		HCA, Inc.
	2,645,000	6.500%, 2/15/2020		2,929,337
	4,810,000	5.875%, 3/15/2022		5,303,025
	2,035,000	4.750%, 5/1/2023		2,121,487
	3,705,000	5.375%, 2/1/2025		3,825,413
	3,360,000	5.875%, 2/15/2026		3,582,600
	1,400,000	4.500%, 2/15/2027		1,408,750
		JBS USA, LLC
	3,250,000	5.875%, 7/15/2024^e		3,233,750
	4,705,000	5.750%, 6/15/2025^e		4,622,663
		MPH Acquisition Holdings, LLC
	4,190,000	7.125%, 6/1/2024^e		4,504,250
		Post Holdings, Inc.
	3,210,000	5.000%, 8/15/2026^e		3,193,950
		Prestige Brands, Inc.
	790,000	6.375%, 3/1/2024^e		839,375
		Revlon Consumer Products Corporation
	4,760,000	5.750%, 2/15/2021		4,855,200
		Spectrum Brands Escrow Corporation
	2,030,000	6.625%, 11/15/2022		2,192,400
		Spectrum Brands, Inc.
	2,120,000	5.750%, 7/15/2025		2,289,600


Principal Amount		Long-Term Fixed Income (90.0%)	Value
	Consumer Non-Cyclical (11.2%) - continued
		Teleflex, Inc.
	$2,525,000	5.250%, 6/15/2024		$2,632,312
		Tenet Healthcare Corporation
	3,250,000	6.000%, 10/1/2020		3,436,875
	1,900,000	8.125%, 4/1/2022		1,900,000
		TreeHouse Foods, Inc.
	4,155,000	4.875%, 3/15/2022		4,300,425
		Valeant Pharmaceuticals International
	2,600,000	7.250%, 7/15/2022^e		2,411,500
	2,645,000	5.500%, 3/1/2023^e		2,261,475
		VPII Escrow Corporation
	3,170,000	7.500%, 7/15/2021^e		3,068,877

		Total		87,504,064


	Energy (11.0%)
		Antero Resources Corporation
	1,585,000	5.125%, 12/1/2022		1,596,887
	2,640,000	5.625%, 6/1/2023		2,689,500
		Cheniere Corpus Christi Holdings, LLC
	2,200,000	7.000%, 6/30/2024^e		2,376,000
		Concho Resources, Inc.
	4,740,000	6.500%, 1/15/2022		4,917,750
		Continental Resources, Inc.
	3,670,000	5.000%, 9/15/2022^f		3,660,825
	2,610,000	4.500%, 4/15/2023		2,505,600
		Crestwood Midstream Partners, LP
	2,435,000	6.125%, 3/1/2022		2,459,350
	2,635,000	6.250%, 4/1/2023		2,667,938
		Holly Energy Partners, LP
	915,000	6.000%, 8/1/2024^e		947,025
		Hornbeck Offshore Services, Inc.
	2,115,000	5.875%, 4/1/2020		1,279,575
	1,590,000	5.000%, 3/1/2021		930,150
		MEG Energy Corporation
	1,055,000	6.500%, 3/15/2021^e		861,144
	3,160,000	6.375%, 1/30/2023^e		2,500,350
		MPLX, LP
	4,740,000	4.875%, 12/1/2024		4,902,705
		Murphy Oil Corporation
	1,310,000	6.875%, 8/15/2024		1,354,150
		Oasis Petroleum, Inc.
	3,400,000	6.875%, 1/15/2023^f		3,247,000
		Precision Drilling Corporation
	2,450,000	6.625%, 11/15/2020		2,272,375
	1,060,000	6.500%, 12/15/2021		959,300
	1,350,000	5.250%, 11/15/2024		1,100,250
		Range Resources Corporation
	4,180,000	5.000%, 3/15/2023^e,f		4,085,950
		Rice Energy, Inc.
	4,605,000	6.250%, 5/1/2022		4,754,662
	1,060,000	7.250%, 5/1/2023^f		1,134,200
		Rowan Companies, Inc.
	5,240,000	4.875%, 6/1/2022		4,427,800
		Sabine Pass Liquefaction, LLC
	2,645,000	5.625%, 2/1/2021		2,793,781
	2,085,000	5.625%, 3/1/2025		2,241,375
	2,620,000	5.875%, 6/30/2026^e		2,847,613
		Sunoco, LP
	2,665,000	5.500%, 8/1/2020^e		2,708,306
	1,330,000	6.375%, 4/1/2023^e		1,366,575
		Tesoro Logistics, LP
	2,400,000	5.500%, 10/15/2019		2,556,000
	2,130,000	6.250%, 10/15/2022		2,273,775


Principal Amount		Long-Term Fixed Income (90.0%)	Value
	Energy (11.0%) - continued
		Weatherford International, Ltd.
	$2,095,000	7.750%, 6/15/2021^f		$2,074,050
	2,355,000	4.500%, 4/15/2022^f		1,989,975
		Whiting Petroleum Corporation
	1,045,000	5.000%, 3/15/2019		1,011,038
	1,047,000	5.750%, 3/15/2021^f		978,945
		WPX Energy, Inc.
	2,190,000	7.500%, 8/1/2020		2,315,925
	2,670,000	8.250%, 8/1/2023		2,870,250

		Total		85,658,094


	Financials (7.5%)
		AerCap Ireland Capital, Ltd.
	1,595,000	4.625%, 10/30/2020		1,674,750
	1,870,000	3.950%, 2/1/2022		1,916,750
		Ally Financial, Inc.
	4,670,000	4.125%, 3/30/2020		4,751,725
	2,380,000	4.125%, 2/13/2022		2,406,775
		Argos Merger Sub, Inc.
	3,705,000	7.125%, 3/15/2023^e,f		3,880,988
		Banco do Brasil SA/Cayman Islands
	1,750,000	6.250%, 12/31/2049^e,i		1,220,625
		BBVA International Preferred SA Unipersonal
	1,585,000	5.919%, 4/29/2049^f,i		1,581,037
		Centene Escrow Corporation
	4,440,000	6.125%, 2/15/2024		4,817,400
		CIT Group, Inc.
	3,765,000	3.875%, 2/19/2019		3,845,006
		Credit Agricole SA
	1,065,000	6.625%, 9/29/2049^e,f,i		1,018,805
		CyrusOne, LP
	3,540,000	6.375%, 11/15/2022		3,749,079
		Drawbridge Special Opportunities Fund, LP
	3,785,000	5.000%, 8/1/2021^e		3,637,858
		HSBC Holdings plc
	1,040,000	6.875%, 12/29/2049ⁱ		1,081,600
		Icahn Enterprises, LP
	3,860,000	6.000%, 8/1/2020		3,879,300
		ILFC E-Capital Trust II
	1,895,000	4.250%, 12/21/2065^e,j		1,511,262
		Jefferies Finance, LLC
	2,650,000	7.375%, 4/1/2020^*		2,583,750
		Lloyds Banking Group plc
	1,080,000	6.657%, 1/29/2049^e,i		1,203,255
		MPT Operating Partnership, LP
	1,192,000	6.375%, 2/15/2022		1,242,660
	3,010,000	5.500%, 5/1/2024		3,163,510
		Prime Security Services Borrower, LLC
	3,250,000	9.250%, 5/15/2023^e		3,542,500
		Quicken Loans, Inc.
	4,255,000	5.750%, 5/1/2025^e		4,223,088
		Royal Bank of Scotland Group plc
	1,865,000	7.500%, 12/29/2049ⁱ		1,711,138

		Total		58,642,861


	Foreign Government (0.3%)
		Argentina Government International Bond
	2,100,000	7.500%, 4/22/2026^e		2,368,800

		Total		2,368,800


Principal Amount		Long-Term Fixed Income (90.0%)	Value
	Technology (6.8%)
		Alliance Data Systems Corporation
	$6,880,000	5.375%, 8/1/2022^e		$6,708,000
		Brocade Communications Systems, Inc.
	3,790,000	4.625%, 1/15/2023		3,747,362
		Cengage Learning, Inc.
	5,230,000	9.500%, 6/15/2024^e		5,321,525
		CommScope Technologies Finance, LLC
	4,775,000	6.000%, 6/15/2025^e		5,091,344
		Diamond Finance Corporation
	1,050,000	5.875%, 6/15/2021^e		1,115,596
	1,570,000	7.125%, 6/15/2024^e		1,726,761
		Equinix, Inc.
	3,185,000	5.750%, 1/1/2025		3,384,063
	1,030,000	5.875%, 1/15/2026		1,107,250
		First Data Corporation
	3,000,000	5.375%, 8/15/2023^e		3,090,000
	1,910,000	7.000%, 12/1/2023^e		2,019,825
		Micron Technology, Inc.
	3,140,000	5.250%, 8/1/2023^e		3,100,750
		NXP Funding, LLC
	3,715,000	5.750%, 3/15/2023^e		3,984,337
		Plantronics, Inc.
	2,390,000	5.500%, 5/31/2023^e		2,461,700
		Sensata Technologies BV
	4,870,000	4.875%, 10/15/2023^e		5,064,800
		SS&C Technologies Holdings, Inc.
	1,590,000	5.875%, 7/15/2023		1,673,475
		Western Digital Corporation
	3,200,000	10.500%, 4/1/2024^e		3,712,000

		Total		53,308,788


	Transportation (4.0%)
		Air Medical Merger Sub Corporation
	3,190,000	6.375%, 5/15/2023^e		3,086,325
		American Airlines Pass Through Trust
	3,331,782	5.600%, 7/15/2020^e		3,485,877
		Avis Budget Car Rental, LLC
	1,670,000	5.125%, 6/1/2022^e,f		1,675,219
	3,550,000	5.500%, 4/1/2023^f		3,581,063
		Dynagas LNG Partners, LP
	2,130,000	6.250%, 10/30/2019		1,975,575
		Eletson Holdings, Inc.
	2,170,000	9.625%, 1/15/2022^*		1,546,125
		Navios Maritime Holdings, Inc.
	2,220,000	8.125%, 2/15/2019^f		1,221,000
	1,895,000	8.125%, 11/15/2021^e		1,392,825
		Navios South American Logistics, Inc.
	1,900,000	7.250%, 5/1/2022^e,f		1,444,000
		Teekay Offshore Partners, LP
	3,790,000	6.000%, 7/30/2019		3,126,750
		Ultrapetrol Bahamas, Ltd.
	3,720,000	8.875%, 6/15/2021^g		744,000
		United Airlines Pass Through Trust
	1,275,235	5.375%, 8/15/2021		1,326,244
		XPO Logistics, Inc.
	4,710,000	6.500%, 6/15/2022^e,f		4,910,175
	1,570,000	6.125%, 9/1/2023^e		1,609,250

		Total		31,124,428


Principal Amount		Long-Term Fixed Income (90.0%)	Value
	U.S. Government and Agencies (0.1%)
		U.S. Treasury Notes
	$900,000	0.875%, 11/30/2016		$900,976

		Total		900,976


	Utilities (3.7%)
		AES Corporation
	2,650,000	4.875%, 5/15/2023		2,689,750
		Calpine Corporation
	3,720,000	5.375%, 1/15/2023^f		3,706,050
		Covanta Holding Corporation
	1,850,000	6.375%, 10/1/2022		1,914,750
		Dynegy, Inc.
	4,720,000	7.625%, 11/1/2024^f		4,635,040
		Electricite de France SA
	2,500,000	5.250%, 12/29/2049^e,i		2,444,000
		Energy Transfer Equity, LP
	4,245,000	5.500%, 6/1/2027		4,223,775
		Holly Energy Partners, LP
	2,700,000	6.500%, 3/1/2020		2,784,375
		Regency Energy Partners, LP
	4,650,000	5.500%, 4/15/2023		4,800,609
		Targa Resources Partners, LP
	1,570,000	5.375%, 2/1/2027^c,e		1,579,812

		Total		28,778,161



		Total Long-Term Fixed Income (cost $703,947,806)		702,670,191


Shares		Preferred Stock (1.3%)	Value
	Consumer Staples (0.2%)
	43,350	CHS, Inc., 7.100%ⁱ		1,298,766

		Total		1,298,766


	Financials (1.1%)
	62,331	Citigroup, Inc., 6.875%ⁱ		1,795,756
	48,000	Discover Financial Services 6.500%ⁱ		1,251,840
	86,021	Goldman Sachs Group, Inc., 5.500%ⁱ		2,306,223
	20,016	Morgan Stanley, 6.875%ⁱ		589,071
	18,720	PNC Financial Services Group, Inc., 6.125%ⁱ		546,063
	1,560	Wells Fargo & Company, Convertible, 7.500%ⁱ		2,041,416

		Total		8,530,369



		Total Preferred Stock (cost $9,184,908)		9,829,135


Shares		Registered Investment Companies (0.8%)	Value

	Equity Funds/ETFs (0.8%)
	54,500	Energy Select Sector SPDR Fund		3,848,245
	58,250	SPDR S&P Oil & Gas Exploration & Production ETF^f		2,240,295

		Total		6,088,540



		Total Registered Investment Companies (cost $5,352,249)		6,088,540


Shares		Common Stock (0.1%)	Value
	Consumer Discretionary (<0.1%)
	121,520	TVMAX Holdings, Inc.^k,l		12

		Total		12


Shares		Common Stock (0.1%)	Value
	Energy (0.1%)
	7,311	Vantage Drilling International^l		$577,569

		Total		577,569


	Financials (<0.1%)
	10	New Cotai, LLC^k,l		0

		Total		0



		Total Common Stock (cost $7,237,186)		577,581


Shares		Collateral Held for Securities Loaned (8.4%)	Value
	65,375,478	Thrivent Cash Management Trust		65,375,478

		Total Collateral Held for Securities Loaned (cost $65,375,478)		65,375,478


Shares or Principal Amount		Short-Term Investments (4.5%)^m	Value
		Federal Home Loan Bank Discount Notes
	400,000	0.290%, 11/2/2016		399,927
		Thrivent Core Short-Term Reserve Fund
	3,482,771	0.750%		34,827,704

		Total Short-Term Investments (cost $35,227,601)		35,227,631

		Total Investments (cost $846,767,226) 107.8%		$840,709,015

		Other Assets and Liabilities, Net (7.8%)		(60,661,112)

		Total Net Assets 100.0%		$780,047,903

a	The stated interest rate represents the weighted average of all contracts within the bank loan facility.

b	All or a portion of the loan is unfunded.

c	Denotes investments purchased on a when-issued or delayed delivery basis.

d	Denotes step coupon securities. Step coupon securities pay an initial coupon rate for the first period and then different coupon rates for following periods. The rate shown is as of September 30, 2016.

f	All or a portion of the security is on loan.

g	Defaulted security. Interest is not being accrued.

h	In bankruptcy. Interest is not being accrued.

i	Denotes perpetual securities. Perpetual securities pay an indefinite stream of interest, but may be called by the issuer at an earlier date.

j	Denotes variable rate securities. Variable rate securities are securities whose yields vary with a designated market index or market rate. The rate shown is as of September 30, 2016.

k	Security is valued at fair value. Market quotations or prices were not readily available or were determined to be unreliable. Fair value was determined in good faith pursuant to procedures adopted by the Board. Further information on fair valuation can be found in the Notes to Financial Statements.

l	Non-income producing security.

m	The interest rate shown reflects the yield, coupon rate or the discount rate at the date of purchase.

Denotes restricted securities. Restricted securities are investment securities which have been deemed illiquid and cannot be offered for public sale without first being registered under the Securities Act of 1933. The value of all restricted securities held in High Yield Portfolio as of September 30, 2016 was $15,291,788 or 2.0% of total net assets. The following table indicates the acquisition date and cost of restricted securities shown in the schedule as of September 30, 2016.


Security	Acquisition Date		Cost
Abengoa Finance SAU, 2/1/2020		12/6/2013	$	3,250,000
Abengoa Greenfield SA, 10/1/2019		9/24/2014		3,460,000
Digicel, Ltd., 4/15/2021		3/19/2013		3,220,000
Digicel, Ltd., 2/15/2020		2/7/2012		1,680,000
Eletson Holdings, Inc., 1/15/2022		12/12/2013		2,139,989
Jefferies Finance, LLC, 4/1/2020		3/19/2013		2,650,000
Midwest Vanadium, Pty. Ltd., 2/15/2018		2/9/2011		3,095,017
New Cotai, LLC, 5/1/2019		4/15/2013		2,167,325
Seminole Indian Tribe of Florida, 10/1/2020		7/8/2010		3,131,700
Tunica-Biloxi Gaming Authority, 11/15/2016		11/8/2005		4,585,435


Securities Lending Transactions
Taxable Debt Security	$	60,769,305
Common Stock		2,238,372

Total lending	$	63,007,677
Gross amount payable upon return of collateral for securities loaned	$	65,375,478

Net amounts due to counterparty	$	2,367,801


Unrealized Appreciation (Depreciation)
Gross unrealized appreciation and depreciation of investments, based on cost for federal income tax purposes, were as follows:

Gross unrealized appreciation	$	28,713,107
Gross unrealized depreciation		(34,771,318)

Net unrealized appreciation (depreciation)	$	(6,058,211)

Cost for federal income tax purposes	$	846,767,226

The following table is a summary of the inputs used, as of September 30, 2016, in valuing High Yield Portfolio’s assets carried at fair value.

There were no significant transfers between Levels during the period ended September 30, 2016. Transfers between Levels are identified as of the end of the period.

A summary of transactions for the fiscal year to date, in High Yield Portfolio, is as follows:


Principal Amount		Bank Loans (3.2%)^a	Value
	Basic Materials (0.2%)
		Fortescue Metals Group, Ltd., Term Loan
	$984,223	3.750%, 6/30/2019		$982,875
		Ineos US Finance, LLC, Term Loan
	1,514,473	3.750%, 12/15/2020		1,517,123

		Total		2,499,998


	Capital Goods (0.3%)
		ADS Waste Holdings, Inc., Term Loan
	1,498,222	3.750%, 10/9/2019		1,498,926
		Berry Plastics Group, Inc., Term Loan
	1,422,757	3.500%, 2/8/2020		1,423,653
		Cortes NP Acquisition Corporation, Term Loan
	725,000	0.000%, 10/3/2023^b,c		708,688

		Total		3,631,267


	Communications Services (1.1%)
		CSC Holdings, LLC, Term Loan
	773,063	5.000%, 10/9/2022		773,866
		Hargray Communications Group, Inc., Term Loan
	1,524,442	5.250%, 6/26/2019		1,530,799
		Intelsat Jackson Holdings SA, Term Loan
	239,713	3.750%, 6/30/2019		227,672
		Level 3 Communications, Inc., Term Loan
	1,600,000	4.000%, 1/15/2020		1,606,800
		LTS Buyer, LLC, Term Loan
	1,540,102	4.088%, 4/13/2020		1,539,625
		NEP/NCP Holdco, Inc., Term Loan
	1,544,489	4.250%, 1/22/2020		1,536,767
		Numericable US, LLC, Term Loan
	1,542,250	4.752%, 2/10/2023		1,552,367
	824,673	TNS, Inc., Term Loan
		5.000%, 2/14/2020		829,316
		Univision Communications, Inc., Term Loan
	1,604,192	4.000%, 3/1/2020		1,606,951
		Virgin Media Investment Holdings, Ltd., Term Loan
	727,314	3.649%, 6/30/2023		730,209
		WideOpenWest Finance, LLC, Term Loan
	725,000	4.500%, 8/18/2023		721,527
		Yankee Cable Acquisition, LLC, Term Loan
	1,441,022	4.250%, 3/1/2020		1,440,128
		Zayo Group, LLC, Term Loan
	1,398,974	3.750%, 5/6/2021		1,404,808

		Total		15,500,835


	Consumer Cyclical (0.4%)
		Amaya BV, Term Loan
	1,540,500	5.000%, 8/1/2021		1,538,575
		Burlington Coat Factory Warehouse Corporation, Term Loan
	1,301,838	3.500%, 8/13/2021		1,310,521
		Cengage Learning Acquisitions, Term Loan
	847,875	5.250%, 6/7/2023		846,815
		IMG Worldwide, Inc., Term Loan
	1,234,217	5.250%, 5/6/2021		1,237,611


Principal Amount		Bank Loans (3.2%)^a	Value
	Consumer Cyclical (0.4%) - continued
		Jack Ohio Finance, LLC, Term Loan
	$559,059	5.000%, 6/20/2019^b,c		$546,016
		Mohegan Tribal Gaming Authority, Term Loan
	605,000	0.000%, 9/30/2023^b,c		601,219

		Total		6,080,757


	Consumer Non-Cyclical (0.4%)
		Albertson’s, LLC, Term Loan
	826,667	4.750%, 6/22/2023		834,561
		CHS/Community Health Systems, Inc., Term Loan
	735,071	4.000%, 1/27/2021		721,105
		JBS USA, LLC, Term Loan
	942,875	4.000%, 10/30/2022		941,696
		McGraw-Hill Global Education Holdings, LLC, Term Loan
	433,912	5.000%, 5/4/2022		436,191
		Ortho-Clinical Diagnostics, Inc., Term Loan
	719,480	4.750%, 6/30/2021		702,694
		Sterigenics-Nordion Holdings, LLC, Term Loan
	737,550	4.250%, 5/16/2022		739,394
		Valeant Pharmaceuticals International, Inc., Term Loan
	2,168,509	5.500%, 4/1/2022		2,174,147

		Total		6,549,788


	Energy (0.1%)
		Arch Coal, Inc., Term Loan
	1,548,913	7.500%, 5/16/2018^d		1,182,332
		Houston Fuel Oil Terminal, LLC, Term Loan
	373,096	4.250%, 8/19/2021		365,634
		McJunkin Red Man Corporation, Term Loan
	419,162	5.000%, 11/8/2019		408,335
		MEG Energy Corporation, Term Loan
	148,829	3.750%, 3/31/2020		138,534
		Targa Resources Partners, LP, Term Loan
	57,000	5.750%, 2/27/2022		57,000

		Total		2,151,835


	Financials (0.2%)
		Harland Clarke Holdings Corporation, Term Loan
	711,750	7.000%, 12/31/2019		697,337
		WaveDivision Holdings, LLC, Term Loan
	1,540,028	4.000%, 10/15/2019		1,539,381

		Total		2,236,718


	Technology (0.3%)
		Avago Technoligies Cayman Finance, Ltd., Term Loan
	907,497	3.524%, 2/1/2023		917,834
		First Data Corporation, Term Loan
	1,479,583	4.525%, 3/24/2021		1,489,851
		ON Semiconductor Corporation, Term Loan
	725,000	3.776%, 9/19/2023		727,980
		Syniverse Holdings, Inc., Term Loan
	600,291	4.000%, 4/23/2019		529,457


Principal Amount		Bank Loans (3.2%)^a	Value
	Technology (0.3%) - continued
		Western Digital Corporation, Term Loan
	$1,007,475	4.500%, 4/29/2023		$1,016,925

		Total		4,682,047


	Transportation (0.1%)
		XPO Logistics, Inc., Term Loan
	1,538,394	4.250%, 10/30/2021		1,546,409

		Total		1,546,409


	Utilities (0.1%)
		Calpine Corporation, Term Loan
	1,243,110	3.590%, 5/27/2022		1,245,796

		Total		1,245,796



		Total Bank Loans (cost $46,157,239)		46,125,450


Principal Amount		Long-Term Fixed Income (91.4%)	Value
	Asset-Backed Securities (1.1%)
		Bayview Opportunity Master Fund Trust
	3,006,763	3.721%, 7/28/2035^e,f		3,004,634
		CAM Mortgage, LLC
	540,463	3.500%, 7/15/2064^*,f		540,451
		Delta Air Lines, Inc.
	1,748,359	4.250%, 7/30/2023		1,805,180
		GMAC Mortgage Corporation Loan Trust
	1,355,975	1.024%, 8/25/2035^g,h		1,271,017
	2,468,922	0.704%, 12/25/2036^g,h		2,229,500
		IndyMac Seconds Asset-Backed Trust
	469,024	0.865%, 10/25/2036^g,h		299,728
		Preferred Term Securities XXIII, Ltd.
	2,265,142	1.050%, 12/22/2036^*,h		1,680,441
		Renaissance Home Equity Loan Trust
	1,984,433	5.746%, 5/25/2036^f		1,339,292
		Vericrest Opportunity Loan Transferee
	1,971,797	3.500%, 6/26/2045^e		1,971,921
	2,680,117	4.250%, 2/26/2046^e		2,704,419

		Total		16,846,583


	Basic Materials (2.8%)
		Air Liquide Finance SA
	3,200,000	2.250%, 9/27/2023^e		3,206,122
		Anglo American plc
	1,280,000	3.625%, 5/14/2020^e		1,280,000
		Barrick Gold Corporation
	1,879,000	4.100%, 5/1/2023		2,026,349
		BHP Billiton Finance USA, Ltd.
	1,250,000	6.250%, 10/19/2075^e,i		1,353,125
		Dow Chemical Company
	2,570,000	4.250%, 11/15/2020		2,787,533
		Freeport-McMoRan, Inc.
	1,940,000	3.550%, 3/1/2022		1,765,400
	2,675,000	3.875%, 3/15/2023		2,400,599
		Georgia-Pacific, LLC
	3,780,000	3.163%, 11/15/2021^e		3,950,338
		Glencore Funding, LLC
	3,190,000	3.125%, 4/29/2019^e,i		3,202,760
	3,180,000	4.125%, 5/30/2023^e		3,164,100
		International Paper Company
	2,240,000	3.000%, 2/15/2027		2,237,399


Principal Amount		Long-Term Fixed Income (91.4%)	Value
	Basic Materials (2.8%) - continued
	$1,190,000	4.800%, 6/15/2044		$1,256,072
		Kinross Gold Corporation
	1,920,000	5.950%, 3/15/2024		2,005,056
		LyondellBasell Industries NV
	1,900,000	6.000%, 11/15/2021		2,223,030
	1,270,000	5.750%, 4/15/2024		1,514,751
		Westlake Chemical Corporation
	3,200,000	3.600%, 8/15/2026^e		3,209,075
		Weyerhaeuser Company
	2,570,000	7.375%, 3/15/2032		3,479,397
		Yara International ASA
	50,000	7.875%, 6/11/2019^e		57,220

		Total		41,118,326


	Capital Goods (2.1%)
		AECOM
	1,870,000	5.875%, 10/15/2024		1,996,225
		BAE Systems plc
	1,970,000	4.750%, 10/11/2021^e		2,190,626
		Bombardier, Inc.
	1,280,000	7.500%, 3/15/2025^e		1,179,200
		General Electric Capital Corporation
	3,200,000	1.850%, 3/15/2023^h		3,211,091
		L-3 Communications Corporation
	2,560,000	4.750%, 7/15/2020		2,795,479
	1,280,000	4.950%, 2/15/2021		1,412,653
		Republic Services, Inc.
	2,200,000	5.250%, 11/15/2021		2,537,047
	3,170,000	3.550%, 6/1/2022		3,406,289
	960,000	2.900%, 7/1/2026		973,301
		Roper Technologies, Inc.
	1,920,000	3.125%, 11/15/2022		1,977,314
		Textron, Inc.
	2,360,000	5.600%, 12/1/2017		2,466,294
	1,280,000	4.300%, 3/1/2024		1,375,616
	630,000	3.875%, 3/1/2025		663,588
		United Rentals North America, Inc.
	1,250,000	5.500%, 7/15/2025		1,275,000
		Waste Management, Inc.
	3,140,000	4.100%, 3/1/2045		3,440,821

		Total		30,900,544


	Collateralized Mortgage Obligations (0.7%)
		CitiMortgage Alternative Loan Trust
	1,573,069	5.750%, 4/25/2037		1,350,086
		Countrywide Alternative Loan Trust
	2,071,454	6.000%, 1/25/2037		1,982,663
		Deutsche Alt-A Securities, Inc., Mortgage Loan Trust
	1,902,129	1.277%, 4/25/2047^h		1,616,488
		Wachovia Mortgage Loan Trust, LLC
	1,419,595	3.032%, 5/20/2036		1,249,765
		WaMu Mortgage Pass Through Certificates
	488,590	0.815%, 10/25/2045^h		461,790
		Washington Mutual Mortgage Pass Through Certificates Trust
	3,341,299	1.257%, 2/25/2047^h		2,489,151

		Total		9,149,943


	Commercial Mortgage-Backed Securities (0.2%)
		Bear Stearns Commercial Mortgage Securities, Inc.
	2,121,208	5.331%, 2/11/2044		2,136,994


Principal Amount		Long-Term Fixed Income (91.4%)	Value
	Commercial Mortgage-Backed Securities (0.2%) - continued
		Citigroup/Deutsche Bank Commercial Mortgage Trust
	$819,364	5.322%, 12/11/2049		$822,863
		Credit Suisse First Boston Mortgage Securities
	157,219	5.542%, 1/15/2049		157,224

		Total		3,117,081


	Communications Services (9.9%)
		21st Century Fox America, Inc.
	1,900,000	7.625%, 11/30/2028		2,623,680
		America Movil SAB de CV
	1,920,000	3.125%, 7/16/2022		1,965,780
		American Tower Corporation
	3,500,000	3.450%, 9/15/2021		3,683,599
	2,560,000	3.125%, 1/15/2027		2,548,101
		AT&T, Inc.
	3,310,000	3.800%, 3/15/2022		3,545,305
	2,540,000	3.600%, 2/17/2023		2,677,399
	3,190,000	4.450%, 4/1/2024		3,506,295
	1,000,000	3.950%, 1/15/2025		1,061,507
	1,240,000	3.400%, 5/15/2025		1,273,986
	3,190,000	4.300%, 12/15/2042		3,146,441
	3,200,000	4.750%, 5/15/2046		3,348,656
		CenturyLink, Inc.
	2,200,000	5.800%, 3/15/2022		2,255,000
		Charter Communications Operating, LLC
	4,370,000	4.464%, 7/23/2022^e		4,715,501
	3,120,000	6.484%, 10/23/2045^e		3,773,085
		Columbus International, Inc.
	1,910,000	7.375%, 3/30/2021^e		2,025,746
		Comcast Corporation
	3,740,000	3.375%, 8/15/2025		4,019,139
	3,210,000	2.350%, 1/15/2027		3,167,275
	2,700,000	6.400%, 5/15/2038		3,756,383
		Cox Communications, Inc.
	1,900,000	9.375%, 1/15/2019^e		2,196,313
	3,317,000	3.850%, 2/1/2025^e		3,418,225
	1,920,000	3.350%, 9/15/2026^e		1,935,462
		Crown Castle International Corporation
	960,000	3.400%, 2/15/2021		1,004,682
	4,160,000	5.250%, 1/15/2023		4,710,534
	2,700,000	4.450%, 2/15/2026		2,965,340
		Frontier Communications Corporation
	1,880,000	6.875%, 1/15/2025		1,663,800
		Hughes Satellite Systems Corporation
	2,322,000	6.500%, 6/15/2019		2,539,687
		Level 3 Financing, Inc.
	1,280,000	5.125%, 5/1/2023		1,318,400
		Omnicom Group, Inc.
	4,245,000	4.450%, 8/15/2020		4,646,687
	940,000	3.650%, 11/1/2024		998,889
		S&P Global, Inc.
	1,920,000	2.950%, 1/22/2027^e		1,930,216
		Scripps Networks Interactive, Inc.
	3,110,000	3.500%, 6/15/2022		3,245,770
		SES Global Americas Holdings GP
	3,180,000	2.500%, 3/25/2019^e		3,189,378
		SFR Group SA
	1,920,000	6.000%, 5/15/2022^e		1,958,400


Principal Amount		Long-Term Fixed Income (91.4%)	Value
	Communications Services (9.9%) - continued
		Sprint Communications, Inc.
	$1,290,000	7.000%, 3/1/2020^e		$1,383,525
		Sprint Corporation
	1,600,000	7.125%, 6/15/2024		1,560,000
		Time Warner Cable, Inc.
	3,800,000	4.125%, 2/15/2021		4,033,510
		Time Warner Entertainment Company, LP
	3,620,000	8.375%, 3/15/2023		4,703,390
		Time Warner, Inc.
	2,490,000	4.750%, 3/29/2021		2,788,486
	1,600,000	7.700%, 5/1/2032		2,275,016
		Univision Communications, Inc.
	1,920,000	6.750%, 9/15/2022^e		2,037,600
		UPCB Finance VI, Ltd.
	2,080,000	6.875%, 1/15/2022^e		2,178,800
		Verizon Communications, Inc.
	3,277,000	2.625%, 2/21/2020		3,370,100
	3,830,000	3.450%, 3/15/2021		4,080,823
	5,300,000	3.500%, 11/1/2024		5,653,367
	2,560,000	2.625%, 8/15/2026		2,512,563
	3,934,000	4.272%, 1/15/2036		4,098,854
	3,830,000	4.862%, 8/21/2046		4,289,841
	5,457,000	4.522%, 9/15/2048		5,769,855
		Vodafone Group plc
	1,910,000	2.500%, 9/26/2022		1,921,047
	1,270,000	4.375%, 2/19/2043		1,272,200

		Total		144,743,638


	Consumer Cyclical (5.0%)
		CVS Health Corporation
	3,190,000	2.750%, 12/1/2022		3,284,456
	1,870,000	4.750%, 12/1/2022		2,120,905
	1,600,000	3.875%, 7/20/2025		1,741,789
	3,120,000	5.125%, 7/20/2045		3,817,772
		Dana, Inc.
	1,280,000	6.000%, 9/15/2023		1,331,200
		Dollar Tree, Inc.
	1,870,000	5.750%, 3/1/2023		2,012,588
		Ford Motor Credit Company, LLC
	1,700,000	2.597%, 11/4/2019		1,726,663
	2,575,000	4.250%, 9/20/2022		2,786,227
	1,850,000	3.096%, 5/4/2023		1,863,163
	2,510,000	3.664%, 9/8/2024		2,586,773
	3,720,000	4.134%, 8/4/2025		3,924,712
		General Motors Company
	3,150,000	5.000%, 4/1/2035		3,260,115
		General Motors Financial Company, Inc.
	2,540,000	4.200%, 3/1/2021		2,672,999
	3,100,000	3.450%, 4/10/2022		3,144,352
	2,550,000	3.700%, 5/9/2023		2,593,498
	2,510,000	4.000%, 1/15/2025		2,533,709
		Hilton Worldwide Finance, LLC
	1,270,000	5.625%, 10/15/2021		1,308,100
		Home Depot, Inc.
	960,000	2.125%, 9/15/2026		943,191
	3,180,000	4.250%, 4/1/2046		3,672,245
		Hyundai Capital America
	2,065,000	2.875%, 8/9/2018^e		2,107,483
	3,850,000	2.450%, 6/15/2021^e		3,902,552
		Johnson Controls, Inc.
	1,150,000	5.250%, 12/1/2041		1,327,605
		L Brands, Inc.
	1,900,000	5.625%, 2/15/2022		2,123,250


Principal Amount		Long-Term Fixed Income (91.4%)	Value
	Consumer Cyclical (5.0%) - continued
		Lennar Corporation
	$1,880,000	4.500%, 11/15/2019		$1,981,050
		MGM Resorts International
	1,880,000	6.000%, 3/15/2023		2,039,800
		Scientific Games International, Inc.
	1,280,000	7.000%, 1/1/2022^e		1,353,600
		Starwood Hotels & Resorts Worldwide, Inc.
	1,850,000	6.750%, 5/15/2018		2,000,272
		Toll Brothers Finance Corporation
	2,000,000	6.750%, 11/1/2019ⁱ		2,250,000
	960,000	4.375%, 4/15/2023		984,000
		Visa, Inc.
	2,860,000	3.150%, 12/14/2025		3,021,107
		ZF North America Capital, Inc.
	1,870,000	4.500%, 4/29/2022^e		1,982,911

		Total		72,398,087


	Consumer Non-Cyclical (10.8%)
		AbbVie, Inc.
	1,910,000	3.200%, 5/14/2026		1,933,596
		Actavis Funding SCS
	2,480,000	3.450%, 3/15/2022		2,603,598
	2,555,000	3.850%, 6/15/2024		2,715,722
		Altria Group, Inc.
	1,600,000	2.625%, 9/16/2026		1,617,726
		Anheuser-Busch InBev Finance, Inc.
	2,570,000	3.300%, 2/1/2023		2,712,658
	4,470,000	3.650%, 2/1/2026		4,800,780
	3,210,000	4.700%, 2/1/2036		3,690,771
	3,200,000	4.900%, 2/1/2046		3,807,299
		Baxter International, Inc.
	1,920,000	2.600%, 8/15/2026		1,897,828
		Bayer U.S. Finance, LLC
	3,200,000	3.375%, 10/8/2024^e		3,304,010
		Becton Dickinson and Company
	3,120,000	3.125%, 11/8/2021		3,279,201
		Biogen, Inc.
	3,740,000	3.625%, 9/15/2022		4,005,895
		Boston Scientific Corporation
	4,360,000	3.375%, 5/15/2022		4,584,993
	2,737,000	3.850%, 5/15/2025		2,912,390
		BRF GmbH
	2,560,000	4.350%, 9/29/2026^e		2,506,240
		BRF SA
	1,910,000	4.750%, 5/22/2024^e		1,952,975
		Bunge Limited Finance Corporation
	2,530,000	8.500%, 6/15/2019		2,964,535
	1,920,000	3.500%, 11/24/2020		2,008,147
		Celgene Corporation
	1,770,000	3.950%, 10/15/2020		1,905,368
	1,910,000	3.250%, 8/15/2022		2,004,667
		ConAgra Foods, Inc.
	2,004,000	3.200%, 1/25/2023		2,085,140
		Diageo Capital plc
	3,120,000	2.625%, 4/29/2023		3,211,731
		Endo Finance, LLC
	1,260,000	6.500%, 2/1/2025^e,f		1,113,525
		Express Scripts Holding Company
	1,920,000	4.750%, 11/15/2021		2,150,855
	3,810,000	4.500%, 2/25/2026		4,178,938
		Forest Laboratories, Inc.
	2,550,000	5.000%, 12/15/2021^e		2,853,889
		Gilead Sciences, Inc.
	3,200,000	4.000%, 9/1/2036		3,263,091


Principal Amount		Long-Term Fixed Income (91.4%)	Value
	Consumer Non-Cyclical (10.8%) - continued
		H.J. Heinz Company
	$3,120,000	3.500%, 7/15/2022		$3,315,565
	1,860,000	5.200%, 7/15/2045		2,199,684
		HCA, Inc.
	2,560,000	4.750%, 5/1/2023		2,668,800
		Imperial Tobacco Finance plc
	2,190,000	3.750%, 7/21/2022^e		2,323,851
		JBS USA, LLC
	1,910,000	7.250%, 6/1/2021^e		1,974,463
		Kraft Foods Group, Inc.
	4,390,000	3.500%, 6/6/2022		4,664,401
		Kroger Company
	3,200,000	2.650%, 10/15/2026^c		3,176,102
		Laboratory Corporation of America Holdings
	1,250,000	3.200%, 2/1/2022		1,301,795
	1,250,000	4.700%, 2/1/2045		1,359,603
		Mylan NV
	3,190,000	3.750%, 12/15/2020^e		3,331,553
	3,850,000	3.950%, 6/15/2026^e		3,879,017
		Mylan, Inc.
	1,920,000	3.125%, 1/15/2023^e		1,903,519
		Newell Rubbermaid, Inc.
	2,700,000	3.850%, 4/1/2023		2,874,058
		Pernod Ricard SA
	3,130,000	5.750%, 4/7/2021^e		3,605,400
	1,910,000	4.450%, 1/15/2022^e		2,106,719
		Perrigo Finance Unlimited Company
	2,540,000	3.500%, 3/15/2021		2,627,020
	3,350,000	4.375%, 3/15/2026		3,496,020
		Reynolds American, Inc.
	3,120,000	4.000%, 6/12/2022		3,389,434
	1,560,000	5.850%, 8/15/2045		2,028,168
		SABMiller Holdings, Inc.
	4,320,000	3.750%, 1/15/2022^e		4,677,087
		Shire Acquisitions Investments Ireland Designated Activity Company
	3,200,000	2.875%, 9/23/2023		3,215,498
	1,280,000	3.200%, 9/23/2026		1,286,885
		Tenet Healthcare Corporation
	1,910,000	8.125%, 4/1/2022		1,910,000
		Teva Pharmaceutical Finance Netherlands III BV
	3,040,000	2.800%, 7/21/2023		3,047,801
	960,000	3.150%, 10/1/2026		964,441
		Thermo Fisher Scientific, Inc.
	2,550,000	3.000%, 4/15/2023		2,611,514
		Valeant Pharmaceuticals International
	2,560,000	6.375%, 10/15/2020^e		2,400,000
		Watson Pharmaceuticals, Inc.
	3,180,000	3.250%, 10/1/2022		3,296,150
		Whirlpool Corporation
	3,245,000	3.700%, 3/1/2023		3,456,892
		Zoetis, Inc.
	3,190,000	3.250%, 2/1/2023		3,287,352

		Total		158,444,360


	Energy (8.5%)
		Anadarko Petroleum Corporation
	1,270,000	5.550%, 3/15/2026ⁱ		1,435,150
		Antero Resources Corporation
	1,880,000	5.625%, 6/1/2023		1,915,250


Principal Amount		Long-Term Fixed Income (91.4%)	Value
	Energy (8.5%) - continued
		BP Capital Markets plc
	$1,910,000	2.750%, 5/10/2023		$1,941,912
	2,490,000	3.814%, 2/10/2024		2,688,436
	1,590,000	3.119%, 5/4/2026		1,624,829
	2,560,000	3.017%, 1/16/2027		2,600,343
		Buckeye Partners, LP
	1,900,000	5.850%, 11/15/2043		1,950,380
		Canadian Natural Resources, Ltd.
	3,110,000	3.450%, 11/15/2021		3,201,086
	1,600,000	6.250%, 3/15/2038		1,789,893
		Concho Resources, Inc.
	1,930,000	6.500%, 1/15/2022		2,002,375
		Continental Resources, Inc.
	2,550,000	3.800%, 6/1/2024ⁱ		2,333,250
		Devon Energy Corporation
	3,840,000	5.850%, 12/15/2025ⁱ		4,321,455
		Ecopetrol SA
	2,560,000	5.875%, 9/18/2023		2,761,600
		El Paso Pipeline Partners Operating Company, LLC
	3,850,000	5.000%, 10/1/2021		4,200,854
	2,530,000	4.300%, 5/1/2024		2,616,417
	1,280,000	4.700%, 11/1/2042		1,180,760
		Enbridge Energy Partners, LP
	2,550,000	5.200%, 3/15/2020		2,732,769
	1,660,000	4.375%, 10/15/2020		1,750,711
	890,000	4.200%, 9/15/2021		943,658
		Energy Transfer Partners, LP
	1,485,000	4.650%, 6/1/2021		1,577,401
		EnLink Midstream Partners, LP
	1,280,000	4.150%, 6/1/2025		1,225,338
	960,000	4.850%, 7/15/2026		966,024
		Enterprise Products Operating, LLC
	2,490,000	3.700%, 2/15/2026		2,563,231
	1,690,000	7.034%, 1/15/2068		1,785,975
		EQT Midstream Partners, LP
	3,030,000	4.000%, 8/1/2024		2,978,517
		Exxon Mobil Corporation
	3,180,000	2.726%, 3/1/2023		3,292,683
		Hornbeck Offshore Services, Inc.
	1,560,000	5.000%, 3/1/2021		912,600
		Magellan Midstream Partners, LP
	1,280,000	5.000%, 3/1/2026		1,458,244
	2,500,000	4.200%, 3/15/2045		2,391,377
		Marathon Oil Corporation
	2,364,000	5.900%, 3/15/2018		2,470,744
		Marathon Petroleum Corporation
	1,920,000	6.500%, 3/1/2041		2,099,226
	1,280,000	4.750%, 9/15/2044		1,146,012
		MPLX, LP
	4,470,000	4.875%, 6/1/2025		4,618,771
		NiSource Finance Corporation
	1,250,000	6.800%, 1/15/2019		1,391,908
		Noble Holding International, Ltd.
	3,045,000	6.950%, 4/1/2025^f,i		2,405,550
		ONEOK Partners, LP
	1,920,000	3.375%, 10/1/2022		1,937,263
		Petrobras Global Finance BV
	3,210,000	8.375%, 5/23/2021		3,506,925
		Petroleos Mexicanos
	3,200,000	4.625%, 9/21/2023^e,i		3,204,480
		Pioneer Natural Resources Company
	3,150,000	3.950%, 7/15/2022		3,352,028
		Plains All American Pipeline, LP
	3,210,000	2.850%, 1/31/2023		3,042,271


Principal Amount		Long-Term Fixed Income (91.4%)	Value
	Energy (8.5%) - continued
	$905,000	4.650%, 10/15/2025ⁱ		$937,456
		Regency Energy Partners, LP
	3,190,000	5.000%, 10/1/2022		3,366,876
		Sabine Pass Liquefaction, LLC
	1,910,000	5.750%, 5/15/2024		2,055,638
		Schlumberger Holdings Corporation
	3,200,000	3.625%, 12/21/2022^e		3,430,266
		Suncor Energy, Inc.
	1,920,000	3.600%, 12/1/2024		2,012,552
		Sunoco Logistics Partners Operations, LP
	3,200,000	3.450%, 1/15/2023		3,198,640
		Tesoro Logistics, LP
	1,880,000	5.500%, 10/15/2019		2,002,200
		TransCanada Trust
	1,600,000	5.875%, 8/15/2076		1,692,800
		Transcontinental Gas Pipe Line Company, LLC
	1,925,000	7.850%, 2/1/2026^e		2,492,184
		Valero Energy Corporation
	3,200,000	3.400%, 9/15/2026		3,178,678
		Williams Partners, LP
	1,930,000	4.500%, 11/15/2023		2,000,267
	1,600,000	3.900%, 1/15/2025		1,596,664
		Woodside Finance, Ltd.
	3,130,000	3.650%, 3/5/2025^e		3,156,076
		WPX Energy, Inc.
	1,280,000	6.000%, 1/15/2022		1,277,600

		Total		124,715,593


	Financials (27.3%)
		Aegon NV
	2,600,000	1.428%, 7/29/2049^h,j		1,684,904
		AerCap Ireland Capital, Ltd.
	960,000	3.950%, 2/1/2022		984,000
		Aetna, Inc.
	3,200,000	3.200%, 6/15/2026		3,253,520
	2,560,000	4.375%, 6/15/2046		2,680,696
		Aflac, Inc.
	2,560,000	4.000%, 10/15/2046		2,585,426
		Air Lease Corporation
	1,260,000	2.125%, 1/15/2018		1,266,300
	2,510,000	3.750%, 2/1/2022		2,630,676
	1,260,000	4.250%, 9/15/2024		1,324,436
		Ally Financial, Inc.
	1,860,000	4.125%, 3/30/2020		1,892,550
		American Express Company
	1,880,000	4.900%, 12/29/2049^j		1,854,150
		American International Group, Inc.
	1,870,000	3.750%, 7/10/2025		1,961,342
	3,130,000	4.500%, 7/16/2044		3,188,353
		Aon plc
	1,910,000	3.875%, 12/15/2025		2,039,469
		Ares Capital Corporation
	3,190,000	4.875%, 11/30/2018		3,329,945
		Associated Banc-Corporation
	3,150,000	4.250%, 1/15/2025		3,278,917
		Assured Guaranty US Holdings, Inc.
	3,200,000	5.000%, 7/1/2024ⁱ		3,575,258
		Australia and New Zealand Banking Group, Ltd.
	1,280,000	6.750%, 12/29/2049^e,i,j		1,406,637
		AXA SA
	2,580,000	8.600%, 12/15/2030		3,637,800


Principal Amount		Long-Term Fixed Income (91.4%)	Value
	Financials (27.3%) - continued
		Axis Specialty Finance, LLC
	$920,000	5.875%, 6/1/2020		$1,024,513
		Banco de Brasil SA
	1,371,000	9.000%, 12/31/2049^e,j		1,179,060
		Bank of America Corporation
	3,840,000	1.936%, 3/22/2018^h		3,868,965
	3,380,000	7.625%, 6/1/2019		3,878,918
	2,870,000	2.625%, 4/19/2021		2,915,665
	1,000,000	4.100%, 7/24/2023		1,081,081
	3,830,000	4.125%, 1/22/2024		4,153,620
	2,830,000	4.200%, 8/26/2024		2,996,812
	2,750,000	3.950%, 4/21/2025		2,846,806
	1,270,000	3.875%, 8/1/2025		1,356,763
	1,950,000	5.875%, 2/7/2042		2,542,223
	3,110,000	4.750%, 4/21/2045		3,319,838
	1,580,000	6.500%, 10/23/2049^j		1,711,338
	1,270,000	6.300%, 12/29/2049^i,j		1,379,537
		Bank of Nova Scotia
	2,560,000	4.500%, 12/16/2025		2,727,606
		Barclays Bank plc
	1,910,000	10.179%, 6/12/2021^e		2,440,967
	3,760,000	1.188%, 11/29/2049^h,j		2,620,558
		Barclays plc
	2,560,000	3.200%, 8/10/2021		2,573,460
		BBVA Bancomer SA/Texas
	2,285,000	6.750%, 9/30/2022^e		2,553,488
		Berkshire Hathaway, Inc.
	2,860,000	2.750%, 3/15/2023		2,972,069
		Boston Properties, LP
	3,200,000	2.750%, 10/1/2026		3,152,163
		BPCE SA
	1,265,000	5.700%, 10/22/2023^e		1,376,789
	2,190,000	5.150%, 7/21/2024^e		2,303,547
		Camden Property Trust
	3,140,000	3.500%, 9/15/2024		3,228,272
		Capital One Financial Corporation
	3,190,000	4.200%, 10/29/2025		3,328,101
		Centene Escrow Corporation
	1,270,000	5.625%, 2/15/2021		1,346,200
		Citigroup, Inc.
	2,560,000	2.255%, 9/1/2023^h		2,572,252
	4,370,000	4.400%, 6/10/2025		4,626,917
	3,305,000	5.500%, 9/13/2025		3,769,144
	1,910,000	3.700%, 1/12/2026		2,015,866
	2,490,000	4.450%, 9/29/2027		2,605,718
		Citizens Bank NA
	2,560,000	2.550%, 5/13/2021		2,605,568
		Citizens Financial Group, Inc.
	1,280,000	2.375%, 7/28/2021		1,284,483
		CNA Financial Corporation
	1,995,000	7.350%, 11/15/2019		2,300,159
	1,870,000	7.250%, 11/15/2023		2,273,980
		Compass Bank
	1,575,000	2.750%, 9/29/2019		1,572,989
		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA
	1,290,000	11.000%, 12/29/2049^e,j		1,562,513
		CoreStates Capital III
	2,440,000	1.387%, 2/15/2027^e,h		2,122,800
		Credit Agricole SA
	2,570,000	8.125%, 12/29/2049^e,i,j		2,724,200
		Credit Suisse Group Funding, Ltd.
	3,190,000	3.125%, 12/10/2020		3,231,779
	4,400,000	3.750%, 3/26/2025		4,371,580


Principal Amount		Long-Term Fixed Income (91.4%)	Value
	Financials (27.3%) - continued
		DDR Corporation
	$2,010,000	3.625%, 2/1/2025		$2,032,192
		DDR Corporation
	1,290,000	7.875%, 9/1/2020		1,549,293
		Discover Bank of Greenwood Delaware
	1,635,000	4.200%, 8/8/2023		1,759,608
	1,600,000	4.250%, 3/13/2026		1,709,677
	1,280,000	3.450%, 7/27/2026		1,287,474
		Duke Realty, LP
	3,220,000	3.875%, 10/15/2022		3,430,755
		Essex Portfolio, LP
	2,940,000	3.500%, 4/1/2025		3,034,309
		Fairfax Financial Holdings, Ltd.
	1,915,000	5.800%, 5/15/2021^e,i		2,097,023
		Five Corners Funding Trust
	1,910,000	4.419%, 11/15/2023^e		2,062,577
		GE Capital International Funding Company
	2,527,000	4.418%, 11/15/2035		2,836,216
		Glitnir Banki HF
	50,000	Zero Coupon, 1/21/2011^*,d,k		0
		Goldman Sachs Group, Inc.
	2,900,000	5.375%, 3/15/2020		3,211,280
	3,275,000	5.250%, 7/27/2021		3,697,347
	3,200,000	2.350%, 11/15/2021		3,192,576
	2,190,000	4.000%, 3/3/2024		2,351,602
	4,450,000	3.850%, 7/8/2024		4,724,747
	2,490,000	4.250%, 10/21/2025		2,620,464
	3,760,000	5.150%, 5/22/2045		4,100,333
	1,920,000	5.300%, 12/29/2049^j		1,968,000
		Hartford Financial Services Group, Inc.
	3,230,000	5.125%, 4/15/2022		3,669,202
		HCP, Inc.
	2,200,000	4.250%, 11/15/2023		2,309,927
		Host Hotels & Resorts, LP
	1,240,000	4.000%, 6/15/2025		1,263,425
		HSBC Finance Corporation
	3,210,000	6.676%, 1/15/2021		3,692,331
		HSBC Holdings plc
	1,920,000	3.600%, 5/25/2023		1,982,968
	1,280,000	6.875%, 12/29/2049^j		1,331,200
		Huntington Bancshares, Inc.
	2,850,000	7.000%, 12/15/2020		3,312,321
		Icahn Enterprises, LP
	2,040,000	6.000%, 8/1/2020		2,050,200
		ILFC E-Capital Trust II
	2,230,000	4.250%, 12/21/2065^e,h		1,778,425
		ING Bank NV
	3,165,000	5.800%, 9/25/2023^e		3,537,796
		J.P. Morgan Chase & Company
	1,280,000	2.295%, 8/15/2021		1,282,784
	3,200,000	3.375%, 5/1/2023		3,287,795
	2,830,000	3.875%, 9/10/2024		2,979,350
	3,150,000	5.500%, 10/15/2040		3,996,219
	1,270,000	6.750%, 1/29/2049^j		1,401,763
	1,910,000	7.900%, 4/29/2049^j		1,962,525
	2,560,000	6.000%, 12/29/2049^j		2,672,000
		J.P. Morgan Chase & Company
	1,270,000	3.900%, 7/15/2025		1,369,464
		KeyCorp
	320,000	5.000%, 12/29/2049^j		315,200
		Kilroy Realty, LP
	2,550,000	4.250%, 8/15/2029		2,688,478


Principal Amount		Long-Term Fixed Income (91.4%)	Value
	Financials (27.3%) - continued
		Liberty Mutual Group, Inc.
	$3,535,000	4.950%, 5/1/2022^e		$3,944,565
	3,190,000	4.850%, 8/1/2044^e		3,322,883
		Liberty Property, LP
	1,875,000	4.750%, 10/1/2020		2,038,290
	1,910,000	4.400%, 2/15/2024		2,085,695
		Lincoln National Corporation
	1,270,000	6.250%, 2/15/2020		1,429,290
	4,150,000	4.000%, 9/1/2023		4,423,651
		Lloyds Bank plc
	1,910,000	4.650%, 3/24/2026		1,965,361
		MetLife Capital Trust IV
	700,000	7.875%, 12/15/2037^e		878,219
		MetLife Capital Trust X
	2,250,000	9.250%, 4/8/2038^e		3,237,075
		MetLife, Inc.
	2,500,000	3.600%, 4/10/2024		2,648,000
		Mitsubishi UFJ Financial Group, Inc.
	1,280,000	2.190%, 9/13/2021		1,276,657
		Mizuho Bank, Ltd.
	2,400,000	3.600%, 9/25/2024^e		2,568,377
		Mizuho Financial Group, Inc.
	3,180,000	3.477%, 4/12/2026^e,i		3,354,995
		Morgan Stanley
	3,400,000	5.500%, 1/26/2020		3,769,968
	2,550,000	2.500%, 4/21/2021		2,581,883
	3,205,000	4.875%, 11/1/2022		3,534,996
	1,870,000	4.000%, 7/23/2025		2,010,921
	2,550,000	5.000%, 11/24/2025		2,845,035
	1,280,000	3.125%, 7/27/2026		1,287,653
	2,510,000	4.350%, 9/8/2026		2,679,681
	1,570,000	4.300%, 1/27/2045		1,680,583
		National Retail Properties, Inc.
	3,200,000	3.900%, 6/15/2024		3,378,397
		Nationwide Building Society
	2,490,000	3.900%, 7/21/2025^e		2,691,431
	1,920,000	4.000%, 9/14/2026^e		1,911,243
		Nordea Bank AB
	1,890,000	5.500%, 9/29/2049^e,j		1,856,925
		Omega Healthcare Investors, Inc.
	2,960,000	5.875%, 3/15/2024		3,092,442
	1,870,000	5.250%, 1/15/2026		1,993,773
		Peachtree Corners Funding Trust
	2,800,000	3.976%, 2/15/2025^e		2,818,337
		PNC Capital Trust C
	3,120,000	1.412%, 6/1/2028^h		2,932,800
		Prologis, LP
	2,510,000	4.250%, 8/15/2023		2,775,099
		Prudential Financial, Inc.
	1,915,000	3.500%, 5/15/2024		2,002,717
	1,425,000	6.200%, 11/15/2040		1,753,870
		Realty Income Corporation
	3,830,000	3.875%, 7/15/2024		4,039,244
		Regions Bank
	377,000	7.500%, 5/15/2018		410,249
		Reinsurance Group of America, Inc.
	1,930,000	6.450%, 11/15/2019		2,186,346
	1,905,000	4.700%, 9/15/2023		2,081,700
		Royal Bank of Scotland Group plc
	2,560,000	3.875%, 9/12/2023		2,519,022
	2,490,000	7.500%, 12/29/2049^j		2,284,575
	1,920,000	8.625%, 12/29/2049^j		1,879,200
		Santander Holdings USA, Inc.
	3,210,000	2.700%, 5/24/2019		3,250,080
	2,500,000	4.500%, 7/17/2025		2,603,663


Principal Amount		Long-Term Fixed Income (91.4%)	Value
	Financials (27.3%) - continued
		Santander UK Group Holdings plc
	$1,560,000	2.875%, 10/16/2020		$1,571,833
	2,500,000	4.750%, 9/15/2025^e		2,502,810
		Santander UK plc
	1,700,000	3.125%, 1/8/2021		1,727,418
		Societe Generale SA
	2,490,000	8.000%, 12/31/2049^e,i,j		2,502,450
		SunTrust Banks, Inc.
	1,910,000	2.900%, 3/3/2021		1,987,575
		Synchrony Financial
	2,510,000	2.700%, 2/3/2020		2,541,458
	2,690,000	4.250%, 8/15/2024		2,824,274
	2,560,000	3.700%, 8/4/2026		2,541,775
		Toronto-Dominion Bank
	2,560,000	3.625%, 9/15/2031		2,567,060
		Travelers Companies, Inc.
	1,920,000	3.750%, 5/15/2046		2,028,753
		UBS Group Funding Jersey, Ltd.
	1,600,000	2.650%, 2/1/2022^e		1,597,022
	2,490,000	4.125%, 9/24/2025^e		2,609,493
		UnionBanCal Corporation
	2,580,000	3.500%, 6/18/2022		2,736,536
		UnitedHealth Group, Inc.
	2,480,000	3.350%, 7/15/2022		2,663,051
	1,240,000	4.750%, 7/15/2045		1,486,993
		Wells Fargo & Company
	2,560,000	3.000%, 4/22/2026		2,584,072
	1,910,000	4.100%, 6/3/2026		2,026,403
	3,160,000	5.875%, 12/31/2049^j		3,428,600
		Welltower, Inc.
	1,280,000	6.125%, 4/15/2020		1,449,943
	3,150,000	4.950%, 1/15/2021		3,488,628
	1,550,000	4.000%, 6/1/2025		1,643,581
		Westpac Banking Corporation
	3,180,000	2.850%, 5/13/2026		3,212,506
		XLIT, Ltd.
	1,870,000	4.450%, 3/31/2025		1,898,179
	1,840,000	5.250%, 12/15/2043		2,015,876

		Total		399,302,712


	Foreign Government (1.0%)
		Argentina Government International Bond
	1,590,000	6.875%, 4/22/2021^e		1,730,715
		Brazil Government International Bond
	1,600,000	6.000%, 4/7/2026		1,772,000
		Colombia Government International Bond
	3,200,000	5.625%, 2/26/2044		3,704,000
		Mexico Government International Bond
	1,880,000	4.000%, 10/2/2023		2,008,780
	2,100,000	3.600%, 1/30/2025		2,176,125
	2,880,000	4.125%, 1/21/2026		3,097,440

		Total		14,489,060


	Mortgage-Backed Securities (4.3%)
		Federal Home Loan Mortgage Corporation Gold 15-Yr. Pass Through
	4,172,500	3.000%, 10/1/2031^c		4,382,673


Principal Amount		Long-Term Fixed Income (91.4%)	Value
	Mortgage-Backed Securities (4.3%) - continued
		Federal Home Loan Mortgage Corporation Gold 30-Yr. Pass Through
	$6,802,500	4.000%, 10/1/2046^c		$7,296,611
		Federal National Mortgage Association Conventional 30-Yr. Pass Through
	9,600,000	3.000%, 10/1/2046^c		9,977,625
	25,150,000	3.500%, 10/1/2046^c		26,537,179
	11,777,500	4.000%, 10/1/2046^c		12,648,851
	2,025,000	4.500%, 10/1/2046^c		2,217,643

		Total		63,060,582


	Technology (3.1%)
		Apple, Inc.
	4,450,000	3.250%, 2/23/2026		4,729,941
	2,550,000	2.450%, 8/4/2026^c		2,552,494
		Diamond 1 Finance Corporation
	2,560,000	4.420%, 6/15/2021^e		2,675,507
	1,920,000	6.020%, 6/15/2026^e		2,104,902
		Equinix, Inc.
	1,890,000	5.375%, 1/1/2022		1,998,675
		Fidelity National Information Services, Inc.
	3,190,000	3.875%, 6/5/2024		3,407,784
	1,920,000	3.000%, 8/15/2026		1,901,142
		First Data Corporation
	1,250,000	5.375%, 8/15/2023^e		1,287,500
		Hewlett Packard Enterprise Company
	2,490,000	2.850%, 10/5/2018^e,f		2,537,019
	2,500,000	3.600%, 10/15/2020^e,f		2,623,057
		Intel Corporation
	2,870,000	4.100%, 5/19/2046		3,071,761
		Lam Research Corporation
	1,120,000	3.450%, 6/15/2023		1,145,610
		Microsoft Corporation
	4,480,000	3.450%, 8/8/2036		4,563,664
		Oracle Corporation
	3,850,000	2.650%, 7/15/2026		3,850,701
		Qualcomm, Inc.
	2,490,000	3.450%, 5/20/2025		2,651,800
		Seagate HDD Cayman
	1,870,000	4.875%, 6/1/2027		1,654,378
		Sensata Technologies BV
	1,890,000	4.875%, 10/15/2023^e		1,965,600

		Total		44,721,535


	Transportation (2.1%)
		American Airlines Pass Through Trust
	2,177,251	4.000%, 7/15/2025		2,313,329
		British Airways plc
	4,038,023	4.625%, 6/20/2024^e		4,329,451
		Burlington Northern Santa Fe, LLC
	2,500,000	4.700%, 9/1/2045		2,939,277
		Continental Airlines, Inc.
	778,923	7.250%, 11/10/2019		889,919
	1,234,000	4.000%, 10/29/2024		1,320,380
		Delta Air Lines, Inc.
	1,386,228	4.950%, 5/23/2019		1,459,005
		ERAC USA Finance, LLC
	3,450,000	5.250%, 10/1/2020^e		3,875,520
	2,000,000	3.800%, 11/1/2025^e		2,146,188
	2,560,000	3.300%, 12/1/2026^e		2,633,618
		Penske Truck Leasing Company, LP
	2,510,000	3.375%, 2/1/2022^e		2,610,204


Principal Amount		Long-Term Fixed Income (91.4%)	Value
	Transportation (2.1%) - continued
		United Airlines Pass Through Trust
	$1,498,293	3.750%, 9/3/2026		$1,576,954
		US Airways Pass Through Trust
	2,788,936	3.950%, 11/15/2025		2,956,272
		Virgin Australia Holdings, Ltd.
	1,823,483	5.000%, 10/23/2023^e		1,891,864

		Total		30,941,981


	U.S. Government and Agencies (6.4%)
		U.S. Treasury Bonds
	3,500,000	1.500%, 8/15/2026		3,465,956
	4,500,000	4.375%, 5/15/2041		6,320,741
	5,307,000	3.125%, 2/15/2042		6,180,787
	11,380,000	2.500%, 2/15/2045		11,760,524
	4,750,000	3.000%, 11/15/2045		5,419,826
		U.S. Treasury Bonds, TIPS
	1,635,184	0.750%, 2/15/2045		1,685,445
	1,950,106	1.000%, 2/15/2046		2,155,707
		U.S. Treasury Notes
	700,000	0.875%, 11/30/2016		700,759
	1,000,000	2.875%, 3/31/2018		1,031,562
	7,000,000	1.375%, 10/31/2020		7,081,760
	4,790,000	1.750%, 12/31/2020		4,917,984
	5,730,000	1.125%, 2/28/2021		5,733,581
	5,650,000	2.000%, 7/31/2022		5,870,480
	1,960,000	1.875%, 8/31/2022		2,022,551
	7,000,000	1.875%, 10/31/2022		7,221,760
	6,410,000	2.000%, 11/30/2022		6,660,387
	7,130,000	2.125%, 12/31/2022		7,460,875
	8,090,000	1.625%, 5/31/2023		8,205,663

		Total		93,896,348


	U.S. Municipals (0.2%)
		Denver, CO City & County Airport Rev.
	2,550,000	5.250%, 11/15/2022, Ser. A, AMT		3,016,370

		Total		3,016,370


	Utilities (5.9%)
		Access Midstream Partners, LP
	1,270,000	4.875%, 5/15/2023		1,284,919
		American Electric Power Company, Inc.
	2,565,000	2.950%, 12/15/2022		2,679,440
		Arizona Public Service Company
	2,880,000	8.750%, 3/1/2019		3,364,891
		Baltimore Gas and Electric Company
	2,560,000	2.400%, 8/15/2026		2,546,312
		Calpine Corporation
	1,920,000	5.375%, 1/15/2023		1,912,800
		Cleveland Electric Illuminating Company
	923,000	5.700%, 4/1/2017		941,686
		DCP Midstream Operating, LP
	2,550,000	5.600%, 4/1/2044		2,358,750
		DPL, Inc.
	248,000	6.500%, 10/15/2016		248,312
		Duke Energy Corporation
	3,840,000	2.650%, 9/1/2026		3,768,065
		Dynegy, Inc.
	1,250,000	7.375%, 11/1/2022		1,234,375
		Electricite de France SA
	3,200,000	5.250%, 12/29/2049^e,j		3,128,320
		Emera U.S. Finance, LP
	3,210,000	3.550%, 6/15/2026^e		3,326,844


Principal Amount		Long-Term Fixed Income (91.4%)	Value
	Utilities (5.9%) - continued
		Energy Transfer Equity, LP
	$1,870,000	5.500%, 6/1/2027		$1,860,650
		Enterprise Products Operating, LLC
	1,930,000	6.650%, 4/15/2018		2,074,063
		Exelon Corporation
	3,120,000	3.950%, 6/15/2025		3,365,285
	1,910,000	3.400%, 4/15/2026		1,987,972
		Exelon Generation Company, LLC
	2,500,000	4.000%, 10/1/2020ⁱ		2,670,058
		FirstEnergy Transmission, LLC
	3,830,000	4.350%, 1/15/2025^e		4,107,035
		Fortis, Inc.
	2,560,000	3.055%, 10/4/2026^e		2,549,133
		Great River Energy
	6,485	5.829%, 7/1/2017^*		6,652
		ITC Holdings Corporation
	5,080,000	4.050%, 7/1/2023		5,528,122
		MidAmerican Energy Holdings Company
	4,450,000	3.750%, 11/15/2023		4,857,927
		Nevada Power Company
	2,800,000	6.750%, 7/1/2037		3,971,713
		NiSource Finance Corporation
	3,200,000	5.450%, 9/15/2020		3,594,295
		Ohio Power Company
	2,400,000	6.050%, 5/1/2018		2,560,855
		Oncor Electric Delivery Company, LLC
	2,490,000	3.750%, 4/1/2045		2,601,283
		Pacific Gas and Electric Company
	1,270,000	2.950%, 3/1/2026		1,322,776
		Pennsylvania Electric Company
	3,700,000	5.200%, 4/1/2020		4,000,074
		PPL Capital Funding, Inc.
	3,205,000	3.500%, 12/1/2022		3,400,604
	3,190,000	3.950%, 3/15/2024		3,447,277
		Southern Company
	2,560,000	3.250%, 7/1/2026		2,651,507
		Xcel Energy, Inc.
	2,490,000	3.300%, 6/1/2025		2,626,913

		Total		85,978,908



		Total Long-Term Fixed Income (cost $1,278,472,422)		1,336,841,651


Shares		Preferred Stock (1.4%)	Value
	Consumer Staples (0.2%)
	76,576	CHS, Inc., 7.100%^j		2,294,217

		Total		2,294,217


	Financials (1.2%)
	102,122	Citigroup, Inc., 7.008%^h		2,689,894
	22,500	Cobank ACB, 6.250%^j		2,368,125
	31,925	Countrywide Capital V, 7.000%		822,388
	90,500	Discover Financial Services 6.500%^j		2,360,240
	78,590	GMAC Capital Trust I, 6.602%^h		1,996,972
	95,940	Goldman Sachs Group, Inc., 5.500%^j		2,572,151
	88,200	Morgan Stanley, 7.125%^j		2,602,782
	101,500	Wells Fargo & Company, 5.850%^j		2,715,125

		Total		18,127,677



		Total Preferred Stock (cost $19,317,283)		20,421,894


Shares		Common Stock (<0.1%)	Value
	Energy (<0.1%)
	1,346	Vantage Drilling International^l		$106,334

		Total		106,334



		Total Common Stock (cost $121,140)		106,334


Shares		Collateral Held for Securities Loaned (2.3%)	Value
	34,161,555	Thrivent Cash Management Trust		34,161,555

		Total Collateral Held for Securities Loaned (cost $34,161,555)		34,161,555


Shares or Principal Amount		Short-Term Investments (8.1%)^m	Value
		Federal Home Loan Bank Discount Notes
	500,000	0.350%, 10/3/2016		500,000
	9,529,000	0.365%, 10/5/2016		9,528,895
	3,300,000	0.345%, 10/11/2016		3,299,861
	4,150,000	0.326%, 10/26/2016		4,149,498
	1,200,000	0.310%, 11/1/2016		1,199,788
	2,100,000	0.310%, 11/4/2016		2,099,588
	4,300,000	0.322%, 11/9/2016		4,299,028
	6,000,000	0.327%, 11/18/2016		5,998,314
	1,500,000	0.340%, 11/23/2016ⁿ		1,499,532
	4,100,000	0.310%, 11/25/2016		4,098,672
	11,700,000	0.340%, 11/30/2016		11,695,858
	2,800,000	0.348%, 12/2/2016		2,798,788
		Thrivent Core Short-Term Reserve Fund
	6,794,387	0.750%		67,943,876

		Total Short-Term Investments (cost $119,105,163)		119,111,698

		Total Investments (cost $1,497,334,802) 106.4%		$1,556,768,582

		Other Assets and Liabilities, Net (6.4%)		(93,589,419)

		Total Net Assets 100.0%		$1,463,179,163

a	The stated interest rate represents the weighted average of all contracts within the bank loan facility.

b	All or a portion of the loan is unfunded.

c	Denotes investments purchased on a when-issued or delayed delivery basis.

d	In bankruptcy. Interest is not being accrued.

f	Denotes step coupon securities. Step coupon securities pay an initial coupon rate for the first period and then different coupon rates for following periods. The rate shown is as of September 30, 2016.

g	All or a portion of the security is insured or guaranteed.

h	Denotes variable rate securities. Variable rate securities are securities whose yields vary with a designated market index or market rate. The rate shown is as of September 30, 2016.

i	All or a portion of the security is on loan.

j	Denotes perpetual securities. Perpetual securities pay an indefinite stream of interest, but may be called by the issuer at an earlier date.

k	Security is valued at fair value. Market quotations or prices were not readily available or were determined to be unreliable. Fair value was determined in good faith pursuant to procedures adopted by the Board. Further information on fair valuation can be found in the Notes to Financial Statements.

l	Non-income producing security.

m	The interest rate shown reflects the yield, coupon rate or the discount rate at the date of purchase.

n	All or a portion of the security is held on deposit with the counterparty and pledged as the initial margin deposit for open futures contracts.

Denotes restricted securities. Restricted securities are investment securities which have been deemed illiquid and cannot be offered for public sale without first being registered under the Securities Act of 1933. The value of all restricted securities held in Income Portfolio as of September 30, 2016 was $2,227,544 or 0.2% of total net assets. The following table indicates the acquisition date and cost of restricted securities shown in the schedule as of September 30, 2016.


Security	Acquisition Date		Cost
CAM Mortgage, LLC, 7/15/2064		6/24/2015	$	540,463
Glitnir Banki HF, 1/21/2017		5/1/2008		50,000
Great River Energy, 7/1/2017		4/13/2009		6,485
Preferred Term Securities XXIII, Ltd., 12/22/2036		9/14/2006		2,265,142


Securities Lending Transactions
Taxable Debt Security	$	32,865,219

Total lending	$	32,865,219
Gross amount payable upon return of collateral for securities loaned	$	34,161,555

Net amounts due to counterparty	$	1,296,336

Definitions:


AMT	-	Subject to Alternative Minimum Tax
Rev.	-	Revenue
Ser.	-	Series
TIPS	-	Treasury Inflation Protected Security.

Unrealized Appreciation (Depreciation)


Gross unrealized appreciation and depreciation of investments, based on cost for federal income tax purposes, were as follows:

Gross unrealized appreciation	$	67,598,218
Gross unrealized depreciation		(8,164,438)

Net unrealized appreciation (depreciation)	$	59,433,780

Cost for federal income tax purposes	$	1,497,334,802

The following table is a summary of the inputs used, as of September 30, 2016, in valuing Income Portfolio’s assets carried at fair value.

There were no significant transfers between Levels during the period ended September 30, 2016. Transfers between Levels are identified as of the end of the period.

The following table presents Income Portfolio’s futures contracts held as of September 30, 2016. Investments and/or cash totaling $899,719 were pledged as the initial margin deposit for these contracts.

A summary of transactions for the fiscal year to date, in Income Portfolio, is as follows:


Principal Amount		Long-Term Fixed Income (100.2%)	Value
	Asset-Backed Securities (1.2%)
		Conseco Financial Corporation
	$2,967	6.330%, 11/1/2029		$3,000
		Credit Based Asset Servicing and Securitization, LLC
	328,390	5.501%, 12/25/2036^a		244,194
		First Horizon ABS Trust
	199,249	0.685%, 10/25/2034^b,c		184,342
		GMAC Mortgage Corporation Loan Trust
	338,994	1.024%, 8/25/2035^b,c		317,754
	644,067	0.704%, 12/25/2036^b,c		581,609
		IndyMac Seconds Asset-Backed Trust
	312,682	0.865%, 10/25/2036^b,c		199,818
		Preferred Term Securities XXIII, Ltd.
	485,388	1.050%, 12/22/2036^*,c		360,095
		Wachovia Asset Securitization, Inc.
	619,227	0.665%, 7/25/2037^*,b,c		515,946

		Total		2,406,758


	Basic Materials (0.5%)
		Albemarle Corporation
	150,000	3.000%, 12/1/2019		154,758
		Dow Chemical Company
	27,000	7.375%, 11/1/2029		36,858
		Georgia-Pacific, LLC
	360,000	2.539%, 11/15/2019^d		367,900
	250,000	3.734%, 7/15/2023^d		267,639
		Glencore Funding, LLC
	175,000	1.739%, 4/16/2018^c,d		173,031

		Total		1,000,186


	Capital Goods (0.4%)
		Lockheed Martin Corporation
	290,000	2.500%, 11/23/2020		299,361
		Roper Technologies, Inc.
	116,000	1.850%, 11/15/2017		116,669
	123,000	6.250%, 9/1/2019		137,918
		Textron, Inc.
	250,000	3.875%, 3/1/2025		263,329

		Total		817,277


	Commercial Mortgage-Backed Securities (0.9%)
		UBS Commercial Mortgage Trust
	746,327	3.400%, 5/10/2045		796,137
		WFRBS Commercial Mortgage Trust
	826,000	2.870%, 11/15/2045		865,784

		Total		1,661,921


	Communications Services (1.2%)
		American Tower Corporation
	100,000	2.800%, 6/1/2020		102,578
		American Tower Trust I
	225,000	1.551%, 3/15/2018^*		224,501
		AT&T, Inc.
	250,000	1.750%, 1/15/2018		251,240
	150,000	2.800%, 2/17/2021		154,342
		British Sky Broadcasting Group plc
	200,000	3.125%, 11/26/2022^d		205,758
		Charter Communications Operating, LLC
	211,000	3.579%, 7/23/2020^d		220,537
	211,000	4.464%, 7/23/2022^d		227,682
		Crown Castle International Corporation
	250,000	2.250%, 9/1/2021		249,798


Principal Amount		Long-Term Fixed Income (100.2%)	Value
	Communications Services (1.2%) - continued
		NBC Universal Enterprise, Inc.
	$250,000	1.662%, 4/15/2018^d		$251,481
		Verizon Communications, Inc.
	250,000	3.000%, 11/1/2021		261,588
	250,000	4.125%, 8/15/2046		250,069

		Total		2,399,574


	Consumer Cyclical (2.5%)
		BMW US Capital, LLC
	200,000	1.500%, 4/11/2019^d		200,314
		Board of Trustees of The Leland Stanford Junior University
	550,000	3.563%, 6/1/2044		608,540
		California Institute of Technology
	325,000	4.700%, 11/1/2111		356,529
		CVS Health Corporation
	150,000	2.250%, 8/12/2019		152,821
		Daimler Finance North America, LLC
	250,000	1.469%, 8/3/2017^c,d		250,807
	27,000	8.500%, 1/18/2031		43,906
		Dartmouth College
	250,000	3.760%, 6/1/2043		264,448
		Home Depot, Inc.
	300,000	4.400%, 4/1/2021		334,194
		Macy’s Retail Holdings, Inc.
	200,000	4.375%, 9/1/2023		211,369
		Massachusetts Institute of Technology
	500,000	4.678%, 7/1/2114		587,676
		Newell Rubbermaid, Inc.
	100,000	3.150%, 4/1/2021		104,186
		President and Fellows of Harvard College
	500,000	3.619%, 10/1/2037		551,682
		Starbucks Corporation
	200,000	3.850%, 10/1/2023		223,140
		Walgreens Boots Alliance, Inc.
	150,000	1.750%, 5/30/2018		150,821
	150,000	2.600%, 6/1/2021		153,505
		Wal-Mart Stores, Inc.
	327,000	7.550%, 2/15/2030		501,135
		Yale University
	200,000	2.086%, 4/15/2019		204,790

		Total		4,899,863


	Consumer Non-Cyclical (3.9%)
		Actavis Funding SCS
	350,000	2.100%, 3/12/2020^c		355,889
		Altria Group, Inc.
	240,000	4.000%, 1/31/2024		267,980
		Anheuser-Busch InBev Finance, Inc.
	250,000	3.650%, 2/1/2026		268,500
	250,000	4.700%, 2/1/2036		287,443
		BAT International Finance plc
	350,000	1.360%, 6/15/2018^c,d		351,127
		Bayer U.S. Finance, LLC
	250,000	2.375%, 10/8/2019^d		253,669
		Boston Scientific Corporation
	300,000	6.000%, 1/15/2020		338,904
		Bunge Limited Finance Corporation
	225,000	3.500%, 11/24/2020		235,330
		Cardinal Health, Inc.
	195,000	1.950%, 6/15/2018		196,843
		Cargill, Inc.
	325,000	4.100%, 11/1/2042^d		345,322


Principal Amount		Long-Term Fixed Income (100.2%)	Value
	Consumer Non-Cyclical (3.9%) - continued
		Celgene Corporation
	$195,000	3.550%, 8/15/2022		$207,184
		Church & Dwight Company, Inc.
	210,000	2.450%, 12/15/2019		214,031
		Dr Pepper Snapple Group, Inc.
	250,000	2.700%, 11/15/2022		256,198
		EMD Finance, LLC
	300,000	1.207%, 3/17/2017^c,d		300,128
		Express Scripts Holding Company
	200,000	3.900%, 2/15/2022		215,800
		Fomento Economico Mexicano SAB de CV
	200,000	2.875%, 5/10/2023		199,259
		Gilead Sciences, Inc.
	200,000	2.550%, 9/1/2020		206,580
	200,000	3.250%, 9/1/2022		212,373
		Imperial Tobacco Finance plc
	250,000	3.750%, 7/21/2022^d		265,280
		Laboratory Corporation of America Holdings
	255,000	2.625%, 2/1/2020		259,818
		McKesson Corporation
	275,000	2.700%, 12/15/2022		279,868
		Mead Johnson Nutrition Company
	200,000	3.000%, 11/15/2020		208,303
		Mylan NV
	300,000	3.750%, 12/15/2020^d		313,312
	250,000	3.150%, 6/15/2021^d		254,694
		Reynolds American, Inc.
	81,000	3.250%, 6/12/2020		85,218
		Sanofi
	250,000	1.250%, 4/10/2018		250,499
		Shire Acquisitions Investments Ireland Designated Activity Company
	250,000	1.900%, 9/23/2019		249,872
		Teva Pharmaceutical Finance Netherlands III BV
	250,000	2.800%, 7/21/2023		250,641
		Unilever Capital Corporation
	300,000	2.200%, 3/6/2019		306,796
	350,000	2.100%, 7/30/2020		357,951

		Total		7,794,812


	Energy (1.7%)
		Anadarko Petroleum Corporation
	100,000	4.850%, 3/15/2021		107,352
		BP Capital Markets plc
	250,000	1.676%, 5/3/2019		250,975
		Cameron International Corporation
	150,000	1.400%, 6/15/2017		150,000
		El Paso Pipeline Partners Operating Company, LLC
	325,000	4.700%, 11/1/2042		299,802
		Exxon Mobil Corporation
	250,000	1.708%, 3/1/2019		252,665
	250,000	1.205%, 3/6/2022^c		248,289
		Marathon Petroleum Corporation
	250,000	3.400%, 12/15/2020		259,810
		Occidental Petroleum Corporation
	200,000	2.600%, 4/15/2022		204,302
		Petro-Canada
	150,000	6.800%, 5/15/2038		196,960
		Petroleos Mexicanos
	150,000	5.500%, 2/4/2019^d		158,175


Principal Amount		Long-Term Fixed Income (100.2%)	Value
	Energy (1.7%) - continued
	$270,000	2.378%, 4/15/2025		$276,351
		Pioneer Natural Resources Company
	216,000	3.450%, 1/15/2021		224,610
		Schlumberger Holdings Corporation
	250,000	3.000%, 12/21/2020^d		260,684
		Sunoco Logistics Partners Operations, LP
	300,000	4.400%, 4/1/2021		321,821
		Transcontinental Gas Pipe Line Company, LLC
	125,000	7.850%, 2/1/2026^d		161,830

		Total		3,373,626


	Financials (8.6%)
		ABN AMRO Bank NV
	300,000	2.450%, 6/4/2020^d		306,166
		ACE INA Holdings, Inc.
	350,000	2.875%, 11/3/2022		367,677
		Aetna, Inc.
	250,000	1.900%, 6/7/2019		252,294
		Aflac, Inc.
	250,000	2.400%, 3/16/2020		256,891
		American International Group, Inc.
	200,000	3.300%, 3/1/2021		209,840
		AXA SA
	27,000	8.600%, 12/15/2030		38,070
		Bank Nederlandse Gemeenten NV
	500,000	1.750%, 3/24/2020^d,e		507,764
		Bank of America Corporation
	250,000	1.700%, 8/25/2017		250,373
		Bank of England
	1,000,000	0.875%, 3/17/2017^d,e		1,000,137
		Bank of Montreal
	250,000	1.500%, 7/18/2019		249,471
		Bank of Tokyo-Mitsubishi UFJ, Ltd.
	205,000	2.850%, 9/8/2021^d		211,437
		Barclays plc
	250,000	3.200%, 8/10/2021		251,314
		Boston Properties, LP
	300,000	3.125%, 9/1/2023		308,332
		Chubb Corporation
	350,000	6.500%, 5/15/2038		504,180
		CNA Financial Corporation
	250,000	5.750%, 8/15/2021		288,213
		Discover Bank
	288,000	8.700%, 11/18/2019		332,236
		Duke Realty, LP
	250,000	3.875%, 10/15/2022		266,363
		European Investment Bank
	500,000	1.250%, 5/15/2018		502,148
		Fifth Third Bancorp
	200,000	2.875%, 10/1/2021		209,205
		HCP, Inc.
	250,000	4.000%, 12/1/2022		264,195
		Hospitality Properties Trust
	150,000	4.250%, 2/15/2021		159,995
		HSBC Holdings plc
	300,000	6.800%, 6/1/2038		395,968
		Huntington Bancshares, Inc.
	200,000	3.150%, 3/14/2021		207,330
		ING Bank NV
	400,000	2.625%, 12/5/2022^d		413,958
		J.P. Morgan Chase & Company
	250,000	1.615%, 1/25/2018^c		251,242
	250,000	2.250%, 1/23/2020		253,284


Principal Amount		Long-Term Fixed Income (100.2%)	Value
	Financials (8.6%) - continued
	$250,000	2.700%, 5/18/2023		$252,579
		Liberty Mutual Group, Inc.
	150,000	4.950%, 5/1/2022^d		167,379
	200,000	4.250%, 6/15/2023^d		216,361
		Lincoln National Corporation
	250,000	6.250%, 2/15/2020		281,356
		Lloyds Bank plc
	365,000	1.374%, 3/16/2018^c		364,271
		Marsh & McLennan Companies, Inc.
	400,000	2.550%, 10/15/2018		406,772
		MassMutual Global Funding II
	350,000	2.000%, 4/5/2017^d		351,432
		MetLife, Inc.
	200,000	4.368%, 9/15/2023		221,636
		Morgan Stanley
	250,000	5.000%, 11/24/2025		278,925
		National Australia Bank, Ltd.
	325,000	2.000%, 6/20/2017^d		327,150
		New York Life Global Funding
	350,000	1.550%, 11/2/2018^d		351,795
		Nordea Bank AB
	325,000	3.125%, 3/20/2017^d		327,931
		North American Development Bank
	400,000	2.300%, 10/10/2018		408,673
		PNC Financial Services Group, Inc.
	325,000	2.854%, 11/9/2022		333,014
		Prudential Financial, Inc.
	200,000	2.350%, 8/15/2019		204,062
		Realty Income Corporation
	300,000	2.000%, 1/31/2018		302,012
		Regions Financial Corporation
	200,000	3.200%, 2/8/2021		207,912
		Reliance Standard Life Global Funding II
	240,000	2.500%, 4/24/2019^d		244,021
		Santander UK plc
	175,000	3.125%, 1/8/2021		177,822
		Simon Property Group, LP
	250,000	2.500%, 9/1/2020		257,697
	250,000	2.500%, 7/15/2021		256,635
		Standard Chartered plc
	200,000	3.950%, 1/11/2023^d,e		199,468
		Sumitomo Mitsui Financial Group, Inc.
	250,000	4.436%, 4/2/2024^d		274,407
		Svensk Exportkredit AB
	500,000	1.750%, 8/28/2020		506,575
		Svenska Handelsbanken AB
	125,000	1.625%, 3/21/2018		125,457
		Swedbank AB
	300,000	1.750%, 3/12/2018^d		301,297
		Synchrony Financial
	215,000	3.750%, 8/15/2021		226,146
		Toronto-Dominion Bank
	250,000	1.786%, 12/14/2020^c		252,231
		UBS AG
	250,000	1.557%, 3/26/2018^c		250,705
		UnitedHealth Group, Inc.
	165,000	3.350%, 7/15/2022		177,179
		Washington Mutual Bank
	500,000	5.500%, 1/15/2013^f,g		1
		Wells Fargo & Company
	250,000	2.100%, 7/26/2021		249,143


Principal Amount		Long-Term Fixed Income (100.2%)	Value
	Financials (8.6%) - continued
	$150,000	3.450%, 2/13/2023		$154,678

		Total		16,914,805


	Foreign Government (2.8%)
		Chile Government International Bond
	350,000	3.875%, 8/5/2020		380,275
		Export Development Canada
	150,000	0.750%, 12/15/2017		149,772
		Export-Import Bank of Korea
	200,000	2.250%, 1/21/2020		203,743
		Hashemite Kingdom of Jordan
	500,000	2.503%, 10/30/2020		526,327
		Inter-American Development Bank
	500,000	3.000%, 10/4/2023		543,720
	400,000	4.375%, 1/24/2044		528,236
		Kommunalbanken AS
	495,000	1.500%, 10/22/2019^d		498,317
		Kommuninvest I Sverige AB
	300,000	1.000%, 10/24/2017^d		300,081
		Mexico Government International Bond
	250,000	3.600%, 1/30/2025		259,063
		Poland Government International Bond
	250,000	4.000%, 1/22/2024		276,250
		Province of Manitoba
	600,000	1.300%, 4/3/2017		601,200
		Province of New Brunswick
	125,000	2.750%, 6/15/2018		128,387
		Province of Quebec
	400,000	7.500%, 7/15/2023		528,613
		Sweden Government International Bond
	500,000	1.625%, 3/24/2020^d		507,712

		Total		5,431,696


	Mortgage-Backed Securities (27.6%)
		Federal Home Loan Mortgage Corporation Gold 15-Yr. Pass Through
	6,310	7.000%, 6/1/2017		6,381
	8,433	5.500%, 12/1/2017		8,569
	2,087,500	3.000%, 10/1/2031^h		2,192,650
		Federal Home Loan Mortgage Corporation Gold 30-Yr. Pass Through
	1,730	8.500%, 11/1/2025		1,730
	311	8.000%, 1/1/2026		349
	2,987,500	4.000%, 10/1/2046^h		3,204,502
		Federal National Mortgage Association Conventional 15-Yr. Pass Through
	6,150,000	2.500%, 10/1/2031^h		6,369,890
		Federal National Mortgage Association Conventional 30-Yr. Pass Through
	1,023	10.500%, 8/1/2020		1,086
	897	8.000%, 12/1/2024		995
	137	8.500%, 12/1/2025		138
	1,126	8.000%, 9/1/2026		1,159
	1,586	8.000%, 4/1/2030		1,838
	6,500,000	3.000%, 10/1/2046^h		6,755,683
	14,245,000	3.500%, 10/1/2046^h		15,030,700
	11,062,500	4.000%, 10/1/2046^h		11,880,952
	8,400,000	4.500%, 10/1/2046^h		9,199,113


Principal Amount		Long-Term Fixed Income (100.2%)	Value
	Mortgage-Backed Securities (27.6%) - continued
		Government National Mortgage Association 30-Yr. Pass Through
	$2,635	7.500%, 3/15/2023		$2,645
	1,668	9.000%, 9/15/2024		1,891
	1,890	8.000%, 6/15/2025		1,947
	567	8.000%, 9/15/2026		587
	6,317	7.500%, 10/15/2027		6,471
	7,500	7.500%, 11/15/2028		7,555
	2,289	8.000%, 10/15/2030		2,511
	2,800	7.500%, 1/15/2031		3,205

		Total		54,682,547


	Technology (1.3%)
		Amphenol Corporation
	200,000	2.550%, 1/30/2019		204,667
		Apple, Inc.
	400,000	2.400%, 5/3/2023		407,258
		Automatic Data Processing, Inc.
	150,000	2.250%, 9/15/2020		154,700
		Cisco Systems, Inc.
	350,000	1.342%, 3/1/2019^c		352,298
		Diamond 1 Finance Corporation
	150,000	3.480%, 6/1/2019^d		154,270
		Intel Corporation
	250,000	1.700%, 5/19/2021		251,976
	140,000	3.100%, 7/29/2022		149,533
		Microsoft Corporation
	250,000	3.450%, 8/8/2036		254,669
		Motorola Solutions, Inc.
	250,000	3.500%, 3/1/2023		248,744
		Oracle Corporation
	250,000	2.500%, 5/15/2022		256,621
		Texas Instruments, Inc.
	200,000	1.750%, 5/1/2020		202,686

		Total		2,637,422


	Transportation (0.9%)
		American Airlines Pass Through Trust
	157,718	5.600%, 7/15/2020^d		165,012
		Continental Airlines, Inc.
	298,320	4.150%, 4/11/2024		318,457
		Delta Air Lines, Inc.
	159,949	4.950%, 5/23/2019		168,347
		ERAC USA Finance, LLC
	250,000	2.600%, 12/1/2021^d		254,817
		J.B. Hunt Transport Services, Inc.
	220,000	3.300%, 8/15/2022		229,991
		TTX Company
	250,000	2.250%, 2/1/2019^d		253,244
	300,000	4.125%, 10/1/2023^*		319,835

		Total		1,709,703


	U.S. Government and Agencies (43.7%)
		Federal Farm Credit Bank
	400,000	2.210%, 8/1/2024		412,174
		Federal Home Loan Mortgage Corporation
	1,000,000	1.250%, 8/1/2019^e		1,007,258
	325,000	1.250%, 10/2/2019		327,294
	350,000	6.750%, 3/15/2031		540,842
		Federal National Mortgage Association
	1,500,000	1.250%, 8/17/2021		1,495,938
	1,300,000	1.875%, 9/24/2026		1,293,480
	500,000	5.960%, 9/11/2028		690,225


Principal Amount		Long-Term Fixed Income (100.2%)	Value
	U.S. Government and Agencies (43.7%) - continued
	$100,000	6.250%, 5/15/2029		$144,382
		Resolution Funding Corporation
	200,000	8.125%, 10/15/2019		241,473
		Tennessee Valley Authority
	350,000	5.250%, 9/15/2039		483,820
		U.S. Treasury Bonds
	2,500,000	5.250%, 11/15/2028		3,461,230
	500,000	5.375%, 2/15/2031		729,473
	4,425,000	3.000%, 5/15/2042		5,044,673
	8,200,000	3.625%, 2/15/2044		10,441,224
	1,000,000	2.500%, 5/15/2046		1,035,000
		U.S. Treasury Notes
	14,875,000	0.875%, 11/15/2017		14,903,471
	3,500,000	1.250%, 12/15/2018		3,532,812
	6,000,000	1.000%, 3/15/2019		6,022,968
	2,000,000	0.875%, 9/15/2019		1,999,922
	150,000	1.500%, 10/31/2019		152,637
	1,000,000	2.000%, 7/31/2020		1,035,273
	7,000,000	1.250%, 3/31/2021		7,036,638
	1,000,000	2.250%, 7/31/2021		1,050,312
	2,630,000	1.125%, 8/31/2021		2,627,328
	1,000,000	2.125%, 9/30/2021		1,044,844
	1,750,000	2.125%, 6/30/2022		1,830,460
	2,825,000	1.625%, 8/15/2022		2,875,983
	500,000	1.375%, 6/30/2023		499,121
	10,400,000	2.250%, 11/15/2024		10,980,528
	3,530,000	1.625%, 2/15/2026		3,536,068

		Total		86,476,851


	Utilities (3.0%)
		Ameren Corporation
	225,000	2.700%, 11/15/2020		231,980
		American Electric Power Company, Inc.
	300,000	1.650%, 12/15/2017		300,566
		Berkshire Hathaway Energy Company
	200,000	2.400%, 2/1/2020		204,862
		CenterPoint Energy Houston Electric, LLC
	400,000	5.600%, 7/1/2023		474,676
		Commonwealth Edison Company
	275,000	5.900%, 3/15/2036		361,124
		DTE Energy Company
	100,000	2.400%, 12/1/2019		101,992
		Eversource Energy
	230,000	1.600%, 1/15/2018		230,940
		Exelon Generation Company, LLC
	200,000	2.950%, 1/15/2020		206,137
		Kansas City Power & Light Company
	250,000	3.150%, 3/15/2023		254,421
		National Rural Utilities Cooperative Finance Corporation
	28,000	4.023%, 11/1/2032		30,575
		NextEra Energy Capital Holdings, Inc.
	200,000	2.300%, 4/1/2019		203,173
		NiSource Finance Corporation
	350,000	3.850%, 2/15/2023		374,654
		NSTAR Electric Company
	325,000	2.375%, 10/15/2022		331,688
		PPL Capital Funding, Inc.
	325,000	3.500%, 12/1/2022		344,835
		Public Service Company of Colorado
	350,000	3.600%, 9/15/2042		362,154


Principal Amount		Long-Term Fixed Income (100.2%)	Value
	Utilities (3.0%) - continued
		Public Service Electric And Gas Company
	$360,000	1.800%, 6/1/2019		$364,963
		Sempra Energy
	325,000	2.300%, 4/1/2017		326,611
	265,000	2.400%, 3/15/2020		269,998
		Southern California Edison Company
	155,000	2.400%, 2/1/2022		159,697
		Southern California Gas Company
	325,000	3.750%, 9/15/2042		345,257
		Southern Company
	250,000	1.850%, 7/1/2019		251,966
		Xcel Energy, Inc.
	250,000	1.200%, 6/1/2017		249,515

		Total		5,981,784



		Total Long-Term Fixed Income (cost $192,696,153)		198,188,825


Shares		Collateral Held for Securities Loaned (0.9%)	Value
	1,825,025	Thrivent Cash Management Trust		1,825,025

		Total Collateral Held for Securities Loaned (cost $1,825,025)		1,825,025


Shares or Principal Amount		Short-Term Investments (27.6%)ⁱ	Value
		Federal Home Loan Bank Discount Notes
	4,000,000	0.270%, 10/26/2016		3,999,516
	3,500,000	0.325%, 10/28/2016		3,499,538
	1,700,000	0.302%, 11/2/2016		1,699,689
	3,600,000	0.310%, 11/4/2016		3,599,294
	6,050,000	0.330%, 11/9/2016		6,048,633
	770,000	0.320%, 11/16/2016		769,793
	2,200,000	0.320%, 11/18/2016		2,199,382
	7,000,000	0.265%, 11/23/2016		6,997,816
	1,200,000	0.340%, 11/25/2016		1,199,611
	7,000,000	0.341%, 11/30/2016		6,997,522
	6,200,000	0.345%, 12/2/2016		6,197,315
		Thrivent Core Short-Term Reserve Fund
	1,144,597	0.750%		11,445,970

		Total Short-Term Investments (cost $54,648,425)		54,654,079

		Total Investments (cost $249,169,603) 128.7%		$254,667,929

		Other Assets and Liabilities, Net (28.7%)		(56,715,606)

		Total Net Assets 100.0%		$197,952,323

a	Denotes step coupon securities. Step coupon securities pay an initial coupon rate for the first period and then different coupon rates for following periods. The rate shown is as of September 30, 2016.

b	All or a portion of the security is insured or guaranteed.

c	Denotes variable rate securities. Variable rate securities are securities whose yields vary with a designated market index or market rate. The rate shown is as of September 30, 2016.

e	All or a portion of the security is on loan.

f	Defaulted security. Interest is not being accrued.

g	Security is valued at fair value. Market quotations or prices were not readily available or were determined to be unreliable. Fair value was determined in good faith pursuant to procedures adopted by the Board. Further information on fair valuation can be found in the Notes to Financial Statements.

h	Denotes investments purchased on a when-issued or delayed delivery basis.

i	The interest rate shown reflects the yield, coupon rate or the discount rate at the date of purchase.

Denotes restricted securities. Restricted securities are investment securities which have been deemed illiquid and cannot be offered for public sale without first being registered under the Securities Act of 1933. The value of all restricted securities held in Bond Index Portfolio as of September 30, 2016 was $1,420,377 or 0.7% of total net assets. The following table indicates the acquisition date and cost of restricted securities shown in the schedule as of September 30, 2016.


Security	Acquisition Date		Cost
American Tower Trust I, 3/15/2018		3/6/2013	$	225,000
Preferred Term Securities XXIII, Ltd., 12/22/2036		9/14/2006		485,388
TTX Company, 10/1/2023		9/19/2013		299,997
Wachovia Asset Securitization, Inc., 7/25/2037		3/16/2007		619,227


Securities Lending Transactions
Taxable Debt Security	$	1,781,944

Total lending	$	1,781,944
Gross amount payable upon return of collateral for securities loaned	$	1,825,025

Net amounts due to counterparty	$	43,081


Unrealized Appreciation (Depreciation)
Gross unrealized appreciation and depreciation of investments, based on cost for federal income tax purposes, were as follows:
Gross unrealized appreciation	$	6,578,204
Gross unrealized depreciation		(1,079,878)

Net unrealized appreciation (depreciation)	$	5,498,326

Cost for federal income tax purposes	$	249,169,603

The following table is a summary of the inputs used, as of September 30, 2016, in valuing Bond Index Portfolio’s assets carried at fair value.

There were no significant transfers between Levels during the period ended September 30, 2016. Transfers between Levels are identified as of the end of the period.

A summary of transactions for the fiscal year to date, in Bond Index Portfolio, is as follows:


Principal Amount		Bank Loans (2.2%)^a	Value
	Basic Materials (0.1%)
		Fortescue Metals Group, Ltd., Term Loan
	$318,802	3.750%, 6/30/2019		$318,365

		Total		318,365


	Capital Goods (0.3%)
		Accudyne Industries, LLC, Term Loan
	620,291	4.000%, 12/13/2019		578,936
		ADS Waste Holdings, Inc., Term Loan
	1,162,416	3.750%, 10/9/2019		1,162,962
		Berry Plastics Group, Inc., Term Loan
	931,225	3.500%, 2/8/2020		931,812

		Total		2,673,710


	Communications Services (0.7%)
		Grande Communications Networks, LLC, Term Loan
	933,669	4.500%, 5/29/2020		933,669
		Integra Telecom Holdings, Inc., Term Loan
	1,173,444	5.250%, 8/14/2020		1,164,644
		LTS Buyer, LLC, Term Loan
	667,575	4.088%, 4/13/2020		667,368
		NEP/NCP Holdco, Inc., Term Loan
	931,520	4.250%, 1/22/2020		926,863
		TNS, Inc., Term Loan
	626,005	5.000%, 2/14/2020		629,529
		Univision Communications, Inc., Term Loan
	1,172,427	4.000%, 3/1/2020		1,174,443

		Total		5,496,516


	Consumer Cyclical (0.6%)
		Burlington Coat Factory Warehouse Corporation, Term Loan
	613,955	3.500%, 8/13/2021		618,051
		Cengage Learning Acquisitions, Term Loan
	458,850	5.250%, 6/7/2023		458,276
		Ceridian HCM Holding, Inc., Term Loan
	648,132	4.500%, 9/15/2020		632,739
		Jack Ohio Finance, LLC, Term Loan
	435,390	5.000%, 6/20/2019^b,c		425,233
		Mohegan Tribal Gaming Authority, Term Loan
	1,323,833	5.500%, 6/15/2018		1,322,509
	275,000	0.000%, 9/30/2023^b,c		273,281
		Scientific Games International, Inc., Term Loan
	1,205,900	6.000%, 10/18/2020		1,209,289
		Seminole Hard Rock Entertainment, Inc., Term Loan
	469,238	3.588%, 5/14/2020		469,824

		Total		5,409,202


	Consumer Non-Cyclical (0.1%)
		Albertson’s, LLC, Term Loan
	449,524	4.750%, 6/22/2023		453,817
		JBS USA, LLC, Term Loan
	606,524	3.750%, 5/25/2018		605,511

		Total		1,059,328


Principal Amount		Bank Loans (2.2%)^a	Value
	Energy (0.1%)
		Arch Coal, Inc., Term Loan
	$672,612	7.500%, 5/16/2018^d		$513,425
		Pacific Drilling SA, Term Loan
	1,175,513	4.500%, 6/3/2018		323,854

		Total		837,279


	Financials (0.2%)
		Harland Clarke Holdings Corporation, Term Loan
	309,175	7.000%, 5/22/2018		305,054
	53,625	7.000%, 12/31/2019		52,539
		WaveDivision Holdings, LLC, Term Loan
	928,830	4.000%, 10/15/2019		928,439

		Total		1,286,032


	Technology (0.1%)
		First Data Corporation, Term Loan
	1,146,677	4.525%, 3/24/2021		1,154,635

		Total		1,154,635


	Utilities (<0.1%)
		Intergen NV, Term Loan
	252,897	5.500%, 6/12/2020		237,723

		Total		237,723



		Total Bank Loans (cost $19,519,611)		18,472,790


Principal Amount		Long-Term Fixed Income (93.3%)	Value
	Asset-Backed Securities (15.7%)
		American Homes 4 Rent
	3,015,959	1.531%, 6/17/2031^e,f		3,006,501
		BA Credit Card Trust
	4,800,000	0.904%, 6/15/2021^f		4,817,075
		Barclays Dryrock Issuance Trust
	2,250,000	1.520%, 5/16/2022		2,259,063
		Bayview Opportunity Master Fund Trust
	1,600,000	3.598%, 9/28/2031^e,g		1,600,000
	2,128,598	3.228%, 7/28/2034^*,g		2,124,396
		Betony CLO, Ltd.
	3,425,000	2.190%, 4/15/2027^*,f		3,424,654
		Brazos Higher Education Authority, Inc.
	2,403,673	1.625%, 2/25/2030^f		2,384,455
		Capital One Multi-Asset Execution Trust
	6,750,000	1.260%, 1/15/2020		6,759,736
		Chase Issuance Trust
	2,250,000	1.100%, 1/15/2020		2,248,819
	3,700,000	1.590%, 2/18/2020		3,722,287
	2,800,000	1.620%, 7/15/2020		2,823,327
	3,000,000	0.934%, 5/17/2021^f		3,012,861
		Chesapeake Funding II, LLC
	4,000,000	1.880%, 6/15/2028^e		4,014,995
		Citibank Credit Card Issuance Trust
	6,975,000	1.020%, 2/22/2019		6,977,263
		Commonbond Student Loan Trust
	1,002,400	3.200%, 6/25/2032^*		1,008,291
		CPS Auto Receivables Trust
	2,447,319	2.070%, 11/15/2019^e		2,452,489


Principal Amount		Long-Term Fixed Income (93.3%)	Value
	Asset-Backed Securities (15.7%) - continued
		Credit Based Asset Servicing and Securitization, LLC
	$1,576,272	5.501%, 12/25/2036^g		$1,172,132
		Edlinc Student Loan Funding Trust
	1,710,993	3.388%, 10/1/2025^*,f		1,726,117
		First Franklin Mortgage Loan Asset-Backed Certificates
	215,069	5.500%, 3/25/2036^*,h		2
		Ford Credit Auto Owner Trust
	3,575,000	2.260%, 11/15/2025^e		3,644,499
		GMAC Mortgage Corporation Loan Trust
	406,793	1.024%, 8/25/2035^f,i		381,305
	772,935	5.750%, 10/25/2036ⁱ		742,617
	1,502,822	0.704%, 12/25/2036^f,i		1,357,087
		GoldenTree Loan Opportunities IX, Ltd.
	3,750,000	2.262%, 10/29/2026^*,f		3,764,627
		Impac CMB Trust
	1,411,014	1.045%, 4/25/2035^f		1,287,392
	433,961	1.165%, 8/25/2035^f		380,353
		John Deere Owner Trust
	1,750,000	1.250%, 6/15/2020		1,752,690
		Kubota Credit Owner Trust
	3,000,000	1.500%, 7/15/2020^e		3,008,114
		Master Credit Card Trust
	4,500,000	1.286%, 9/23/2019^e,f		4,513,311
		Mill City Mortgage Loan Trust
	1,722,814	2.500%, 4/25/2057^e		1,732,456
		MLCC Mortgage Investors, Inc.
	402,036	1.185%, 9/25/2029^f		398,273
		Mortgage Equity Conversion Asset Trust
	4,248,366	1.090%, 1/25/2042^*,f		3,611,111
	4,253,914	1.050%, 2/25/2042^*,f		3,615,827
		NextGear Floorplan Master Owner Trust
	3,000,000	1.920%, 10/15/2019^*		2,991,920
		Northstar Education Finance, Inc.
	2,471,531	1.225%, 12/26/2031^e,f		2,418,649
		OneMain Direct Auto Receivables Trust
	2,160,833	2.040%, 1/15/2021^e		2,169,547
		OneMain Financial Issuance Trust
	2,000,000	4.100%, 3/20/2028^e		2,058,514
		OZLM VIII, Ltd.
	3,760,000	2.119%, 10/17/2026^*,f		3,762,294
		Race Point IX CLO, Ltd.
	1,500,000	2.190%, 4/15/2027^*,f		1,501,675
		Renaissance Home Equity Loan Trust
	3,342,736	5.608%, 5/25/2036^g		2,208,430
	1,177,656	5.285%, 1/25/2037^g		639,340
		Selene Non-Performing Loans, LLC
	348,372	2.981%, 5/25/2054^*,g		346,731
		SLM Student Loan Trust
	2,105,117	1.124%, 7/15/2022^e,f		2,107,409
	911,165	1.124%, 8/15/2022^e,f		912,581
	431,020	1.274%, 10/16/2023^e,f		431,305
	3,076,980	0.925%, 3/25/2025^f		2,983,288
	3,241,236	1.045%, 3/25/2026^f		3,226,623
	2,700,000	1.574%, 5/17/2027^e,f		2,722,226
		SoFi Professional Loan Program, LLC
	2,430,759	2.420%, 3/25/2030^e		2,460,898
	2,885,378	1.480%, 5/26/2031^e		2,886,803
	2,112,777	2.510%, 8/25/2033^e		2,149,662


Principal Amount		Long-Term Fixed Income (93.3%)	Value
	Asset-Backed Securities (15.7%) - continued
		Vericrest Opportunity Loan Transferee
	$2,131,356	3.500%, 6/26/2045^e,g		$2,131,870
	1,381,935	4.250%, 2/26/2046^e		1,394,466
	2,549,402	3.750%, 6/25/2046^e,g		2,558,379
	636,361	3.375%, 10/26/2054^e		635,486
		Verizon Owner Trust
	4,000,000	1.420%, 1/20/2021^e		4,009,203
		Wachovia Asset Securitization, Inc.
	774,034	0.665%, 7/25/2037^*,f,i		644,932

		Total		135,076,356


	Basic Materials (0.5%)
		Albemarle Corporation
	1,095,000	3.000%, 12/1/2019		1,129,737
		Georgia-Pacific, LLC
	2,555,000	2.539%, 11/15/2019^e		2,611,064
		Glencore Funding, LLC
	1,000,000	1.739%, 4/16/2018^e,f,j		988,750

		Total		4,729,551


	Capital Goods (0.5%)
		Lockheed Martin Corporation
	1,500,000	2.500%, 11/23/2020		1,548,421
		Roper Technologies, Inc.
	867,000	1.850%, 11/15/2017		872,002
	1,109,000	6.250%, 9/1/2019		1,243,502
		Textron, Inc.
	400,000	3.875%, 3/1/2025		421,326

		Total		4,085,251


	Collateralized Mortgage Obligations (10.6%)
		Alm Loan Funding CLO
	3,760,000	2.109%, 10/17/2026^*,f		3,760,471
		American Home Mortgage Assets Trust
	2,437,493	1.427%, 11/25/2046^f		1,280,498
		Apidos CLO XVIII
	3,775,000	2.114%, 7/22/2026^*,f		3,773,924
		Babson CLO, Ltd.
	3,760,000	2.069%, 10/17/2026^*,f		3,756,088
		BCAP, LLC Trust
	2,031,265	0.705%, 3/25/2037^f		1,890,836
		Bear Stearns Adjustable Rate Mortgage Trust
	771,011	2.830%, 10/25/2035^f		742,122
		Birchwood Park CLO, Ltd.
	3,760,000	2.120%, 7/15/2026^*,f		3,762,201
		BlueMountain CLO, Ltd.
	3,760,000	2.160%, 10/15/2026^*,f		3,768,585
		Carlyle Global Market Strategies CLO, Ltd.
	3,750,000	1.996%, 7/20/2023^*,f		3,744,912
	3,750,000	2.180%, 10/15/2026^*,f		3,759,275
		Cent CLO 16, LP
	3,760,000	2.007%, 8/1/2024^*,f		3,757,650
		Cent CLO 22, Ltd.
	3,750,000	2.268%, 11/7/2026^*,f		3,747,894
		Countrywide Alternative Loan Trust
	476,513	5.500%, 11/25/2035		458,738
	536,328	5.500%, 2/25/2036		486,384
	986,407	6.000%, 1/25/2037		944,126
		Countrywide Home Loans, Inc.
	1,408,649	2.818%, 3/20/2036		1,123,346
	1,324,296	2.990%, 9/20/2036		1,045,303


Principal Amount		Long-Term Fixed Income (93.3%)	Value
	Collateralized Mortgage Obligations (10.6%) - continued
		Deutsche Alt-A Securities, Inc., Mortgage Loan Trust
	$2,662,980	1.277%, 4/25/2047^f		$2,263,083
		Dryden 34 Senior Loan Fund CLO
	3,760,000	2.110%, 10/15/2026^*,f		3,760,886
		HarborView Mortgage Loan Trust
	1,289,252	2.605%, 6/19/2034		1,260,483
		J.P. Morgan Alternative Loan Trust
	1,999,587	2.881%, 3/25/2036		1,685,661
		J.P. Morgan Mortgage Trust
	319,950	3.069%, 10/25/2036		289,035
		Madison Park Funding XIV CLO, Ltd.
	4,150,000	2.146%, 7/20/2026^*,f		4,154,888
		Master Asset Securitization Trust
	1,214,030	1.025%, 6/25/2036^f		653,391
		Neuberger Berman CLO, Ltd.
	3,000,000	2.238%, 8/4/2025^*,f		3,008,757
		Octagon Investment Partners XX CLO, Ltd.
	3,760,000	2.258%, 8/12/2026^*,f		3,760,519
		Residential Accredit Loans, Inc. Trust
	1,048,088	3.950%, 9/25/2035		885,529
		Sequoia Mortgage Trust
	2,356,015	1.950%, 9/20/2034^f		2,262,667
		Structured Adjustable Rate Mortgage Loan Trust
	27,804	3.087%, 12/25/2034		27,041
		Symphony CLO VIII, Ltd.
	3,502,633	1.574%, 1/9/2023^*,f		3,499,497
		Voya CLO 3, Ltd.
	3,760,000	2.135%, 7/25/2026^*,f		3,762,344
		Wachovia Mortgage Loan Trust, LLC
	860,361	3.032%, 5/20/2036		757,433
		WaMu Mortgage Pass Through Certificates
	697,985	0.815%, 10/25/2045^f		659,700
	2,230,294	1.387%, 10/25/2046^f		1,843,883
	2,169,877	1.309%, 12/25/2046^f		1,680,442
	2,234,502	1.247%, 1/25/2047^f		1,742,271
		Washington Mutual Mortgage Pass Through Certificates Trust
	1,731,338	1.427%, 9/25/2046^f		1,153,957
	2,858,667	1.257%, 2/25/2047^f		2,129,607
		Wells Fargo Commercial Mortgage Trust
	3,575,000	2.632%, 5/15/2048		3,680,992
		Wells Fargo Mortgage Backed Securities Trust
	2,423,293	3.088%, 10/25/2034		2,418,977
	1,290,958	5.500%, 8/25/2035		1,312,839
	633,772	2.860%, 3/25/2036		599,072
	866,003	2.894%, 3/25/2036		864,010

		Total		91,919,317


	Commercial Mortgage-Backed Securities (3.4%)
		Bear Stearns Commercial Mortgage Securities Trust
	2,803,762	5.568%, 10/12/2041		2,803,237
		Bear Stearns Commercial Mortgage Securities, Inc.
	3,636,356	5.331%, 2/11/2044		3,663,418
		Citigroup Commercial Mortgage Trust
	1,146,986	1.102%, 11/10/2046		1,145,141
	1,250,000	5.900%, 12/10/2049		1,272,670


Principal Amount		Long-Term Fixed Income (93.3%)	Value
	Commercial Mortgage-Backed Securities (3.4%) - continued
		Citigroup/Deutsche Bank Commercial Mortgage Trust
	$1,293,734	5.322%, 12/11/2049		$1,299,257
		Commercial Mortgage Pass-Through Certificates
	5,000,000	1.567%, 6/8/2030^e,f		5,007,844
		Credit Suisse First Boston Mortgage Securities
	244,377	5.542%, 1/15/2049		244,386
		Federal National Mortgage Association
	224,857	1.272%, 1/25/2017		224,731
		GS Mortgage Securities Trust
	191,473	2.999%, 8/10/2044		191,384
		J.P. Morgan Chase Commercial Mortgage Securities Corporation
	9,265	5.429%, 12/12/2043		9,257
		JPMBB Commercial Mortgage Securities Trust
	3,118,473	1.085%, 7/15/2045		3,115,777
		Morgan Stanley Capital, Inc.
	2,997,881	5.406%, 3/15/2044		3,021,150
		SCG Trust
	3,150,000	1.924%, 11/15/2026^e,f		3,126,153
		WFRBS Commercial Mortgage Trust
	4,232,836	1.406%, 9/15/2046		4,233,873

		Total		29,358,278


	Communications Services (2.7%)
		American Tower Corporation
	2,200,000	3.450%, 9/15/2021		2,315,405
		American Tower Trust I
	1,650,000	1.551%, 3/15/2018^*		1,646,344
		AT&T, Inc.
	1,125,000	1.750%, 1/15/2018		1,130,580
	1,735,000	1.768%, 6/30/2020^f		1,749,999
	1,750,000	2.800%, 2/17/2021		1,800,655
		Charter Communications Operating, LLC
	1,397,000	3.579%, 7/23/2020^e		1,460,142
	1,397,000	4.464%, 7/23/2022^e		1,507,450
		Crown Castle International Corporation
	250,000	3.400%, 2/15/2021		261,636
	1,000,000	2.250%, 9/1/2021		999,190
		Moody’s Corporation
	1,250,000	2.750%, 7/15/2019		1,285,814
		NBC Universal Enterprise, Inc.
	2,250,000	1.662%, 4/15/2018^e		2,263,327
		SES Global Americas Holdings GP
	1,375,000	2.500%, 3/25/2019^e		1,379,055
		Verizon Communications, Inc.
	1,000,000	1.234%, 6/9/2017^f		1,001,453
	2,580,000	1.627%, 6/17/2019^f		2,605,307
	1,825,000	3.000%, 11/1/2021		1,909,594

		Total		23,315,951


	Consumer Cyclical (1.6%)
		BMW US Capital, LLC
	1,600,000	1.500%, 4/11/2019^e		1,602,514
		CVS Health Corporation
	1,065,000	2.250%, 8/12/2019		1,085,025
		Daimler Finance North America, LLC
	2,500,000	1.469%, 8/3/2017^e,f		2,508,065


Principal Amount		Long-Term Fixed Income (93.3%)	Value
	Consumer Cyclical (1.6%) - continued
		eBay, Inc.
	$775,000	2.500%, 3/9/2018		$785,960
		Home Depot, Inc.
	825,000	1.220%, 9/15/2017^f		827,269
	2,100,000	4.400%, 4/1/2021		2,339,358
		Newell Rubbermaid, Inc.
	1,250,000	3.150%, 4/1/2021		1,302,329
		Ralph Lauren Corporation
	275,000	2.625%, 8/18/2020		284,397
		Walgreens Boots Alliance, Inc.
	980,000	1.750%, 5/30/2018		985,366
	980,000	2.600%, 6/1/2021		1,002,902
		Yale University
	1,550,000	2.086%, 4/15/2019		1,587,119

		Total		14,310,304


	Consumer Non-Cyclical (6.5%)
		Actavis Funding SCS
	2,435,000	2.100%, 3/12/2020^f		2,475,971
		Altria Group, Inc.
	500,000	2.850%, 8/9/2022		522,070
		Anheuser-Busch InBev Finance, Inc.
	2,290,000	2.017%, 2/1/2021^f		2,350,316
		BAT International Finance plc
	2,335,000	1.360%, 6/15/2018^e,f		2,342,519
		Bayer U.S. Finance, LLC
	1,250,000	2.375%, 10/8/2019^e		1,268,345
		Boston Scientific Corporation
	2,045,000	6.000%, 1/15/2020		2,310,198
		Bunge Limited Finance Corporation
	1,135,000	3.500%, 11/24/2020		1,187,108
		Cardinal Health, Inc.
	1,275,000	1.950%, 6/15/2018		1,287,050
		Celgene Corporation
	1,270,000	3.550%, 8/15/2022		1,349,352
		Church & Dwight Company, Inc.
	1,440,000	2.450%, 12/15/2019		1,467,642
		EMD Finance, LLC
	2,470,000	1.207%, 3/17/2017^e,f		2,471,055
		Express Scripts Holding Company
	1,200,000	3.900%, 2/15/2022		1,294,802
		Forest Laboratories, Inc.
	2,750,000	4.375%, 2/1/2019^e		2,896,911
		Gilead Sciences, Inc.
	1,300,000	2.550%, 9/1/2020		1,342,773
	1,300,000	3.250%, 9/1/2022		1,380,425
		Howard Hughes Medical Institute
	1,500,000	3.500%, 9/1/2023		1,642,108
		Imperial Tobacco Finance plc
	1,750,000	3.750%, 7/21/2022^e		1,856,958
		Japan Tobacco, Inc.
	2,500,000	2.100%, 7/23/2018^e		2,529,543
		Laboratory Corporation of America Holdings
	1,705,000	2.625%, 2/1/2020		1,737,216
		Mead Johnson Nutrition Company
	1,150,000	3.000%, 11/15/2020		1,197,740
		Merck & Company, Inc.
	1,825,000	1.182%, 2/10/2020^f		1,832,191
		Mondelez International, Inc.
	1,858,000	1.277%, 2/1/2019^f		1,857,487
		Mylan NV
	1,250,000	2.500%, 6/7/2019^e		1,261,101
	1,580,000	3.750%, 12/15/2020^e		1,650,111
	950,000	3.150%, 6/15/2021^e		967,835


Principal Amount		Long-Term Fixed Income (93.3%)	Value
	Consumer Non-Cyclical (6.5%) - continued
		Reynolds American, Inc.
	$549,000	3.250%, 6/12/2020		$577,586
		SABMiller Holdings, Inc.
	2,500,000	2.450%, 1/15/2017^e		2,507,495
		Shire Acquisitions Investments Ireland Designated Activity Company
	2,150,000	1.900%, 9/23/2019		2,148,897
		Teva Pharmaceutical Finance Netherlands III BV
	2,125,000	1.700%, 7/19/2019		2,120,191
		Unilever Capital Corporation
	2,600,000	2.200%, 3/6/2019		2,658,900
	3,650,000	2.100%, 7/30/2020		3,732,921

		Total		56,224,817


	Energy (3.5%)
		Anadarko Petroleum Corporation
	965,000	4.850%, 3/15/2021		1,035,945
		BP Capital Markets plc
	1,600,000	1.676%, 5/3/2019		1,606,240
		Cameron International Corporation
	1,575,000	1.400%, 6/15/2017		1,574,995
		Chevron Corporation
	3,000,000	1.718%, 6/24/2018		3,026,439
		DCP Midstream Operating, LP
	1,650,000	2.700%, 4/1/2019		1,608,750
		Ecopetrol SA
	400,000	5.875%, 9/18/2023		431,500
		Enable Midstream Partners, LP
	1,250,000	2.400%, 5/15/2019		1,224,456
		Enbridge, Inc.
	1,700,000	1.289%, 6/2/2017^f,j		1,696,476
		Exxon Mobil Corporation
	2,100,000	1.708%, 3/1/2019		2,122,388
	1,785,000	1.205%, 3/6/2022^f		1,772,780
		Marathon Petroleum Corporation
	1,500,000	3.400%, 12/15/2020		1,558,857
		Occidental Petroleum Corporation
	1,075,000	2.600%, 4/15/2022		1,098,126
		Petroleos Mexicanos
	940,000	5.500%, 2/4/2019^e		991,230
	1,966,500	2.378%, 4/15/2025		2,012,756
		Pioneer Natural Resources Company
	1,114,000	3.450%, 1/15/2021		1,158,407
		Schlumberger Holdings Corporation
	1,500,000	3.000%, 12/21/2020^e		1,564,101
		Shell International Finance BV
	1,735,000	1.266%, 5/11/2020^f		1,736,995
		Sinopec Group Overseas Development, Ltd.
	1,325,000	1.750%, 9/29/2019^e		1,317,849
		Sunoco Logistics Partners Operations, LP
	1,860,000	4.400%, 4/1/2021		1,995,293
		Transcontinental Gas Pipe Line Company, LLC
	725,000	7.850%, 2/1/2026^e		938,615

		Total		30,472,198


	Financials (20.2%)
		ABN AMRO Bank NV
	2,040,000	2.450%, 6/4/2020^e		2,081,926
		Aetna, Inc.
	2,200,000	1.900%, 6/7/2019		2,220,187


Principal Amount		Long-Term Fixed Income (93.3%)	Value
	Financials (20.2%) - continued
		Aflac, Inc.
	$2,100,000	2.400%, 3/16/2020		$2,157,889
		American Express Credit Corporation
	2,580,000	1.407%, 3/18/2019^f		2,584,350
	850,000	1.906%, 9/14/2020^f		863,397
		American International Group, Inc.
	1,430,000	3.300%, 3/1/2021		1,500,355
		Ares Capital Corporation
	1,400,000	4.875%, 11/30/2018		1,461,418
		Bank of America Corporation
	1,800,000	1.700%, 8/25/2017		1,802,682
	2,000,000	1.936%, 3/22/2018^f		2,015,086
	2,200,000	1.516%, 4/1/2019^f		2,213,207
	1,100,000	4.000%, 1/22/2025		1,140,025
	1,100,000	6.100%, 12/29/2049^k		1,146,750
		Bank of America NA
	2,000,000	5.300%, 3/15/2017		2,034,962
		Bank of New York Mellon Corporation
	675,000	4.500%, 12/31/2049^k		661,500
		Bank of Tokyo-Mitsubishi UFJ, Ltd.
	1,445,000	2.850%, 9/8/2021^e		1,490,370
		BB&T Corporation
	1,520,000	1.395%, 1/15/2020^f		1,524,224
		Bear Stearns Companies, LLC
	2,500,000	6.400%, 10/2/2017		2,618,550
		BNZ International Funding, Ltd.
	1,325,000	1.836%, 9/14/2021^e,f		1,326,925
		Caisse Centrale Desjardins du Quebec
	2,155,000	1.417%, 1/29/2018^e,f		2,152,343
		Citigroup, Inc.
	1,840,000	1.431%, 4/8/2019^f		1,842,484
	1,725,000	2.255%, 9/1/2023^f		1,733,256
		CNA Financial Corporation
	3,000,000	5.875%, 8/15/2020		3,407,100
	1,500,000	5.750%, 8/15/2021		1,729,276
		CoBank ACB
	1,965,000	1.450%, 6/15/2022^f		1,864,030
		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA
	1,600,000	2.500%, 1/19/2021		1,640,763
		Credit Agricole SA
	1,650,000	1.480%, 4/15/2019^e,f		1,653,305
	1,800,000	1.815%, 6/10/2020^e,f		1,805,558
	1,050,000	8.125%, 12/29/2049^e,j,k		1,113,000
		Credit Suisse Group AG
	1,500,000	6.500%, 8/8/2023^e		1,625,625
	990,000	7.500%, 12/29/2049^e,k		1,007,078
		Discover Bank
	1,850,000	8.700%, 11/18/2019		2,134,153
		Discover Financial Services
	2,750,000	2.600%, 11/13/2018		2,791,267
		DRB Prime Student Loan Trust
	3,951,681	2.425%, 10/27/2031^*,f		4,023,607
		Fifth Third Bancorp
	1,440,000	2.875%, 10/1/2021		1,506,275
		Goldman Sachs Capital II
	88,000	4.000%, 12/29/2049^f,k		71,720
		Goldman Sachs Group, Inc.
	1,915,000	1.917%, 11/15/2018^f		1,930,454
	2,160,000	1.875%, 4/23/2020^f		2,173,405
	1,720,000	2.241%, 11/15/2021^f		1,711,847
	1,375,000	2.429%, 11/29/2023^f		1,398,381
		HCP, Inc.
	1,330,000	4.000%, 12/1/2022		1,405,516


Principal Amount		Long-Term Fixed Income (93.3%)	Value
	Financials (20.2%) - continued
		Hospitality Properties Trust
	$1,750,000	4.250%, 2/15/2021		$1,866,608
		HSBC Holdings plc
	1,325,000	2.358%, 1/5/2022^c,f		1,330,936
		HSBC USA, Inc.
	1,905,000	1.163%, 6/23/2017^f		1,902,731
		Huntington Bancshares, Inc.
	1,600,000	3.150%, 3/14/2021		1,658,640
		ING Bank NV
	2,750,000	1.774%, 8/17/2020^e,f		2,752,750
		ING Capital Funding Trust III
	1,000,000	4.438%, 12/29/2049^f,k		993,750
		ING Groep NV
	1,650,000	6.000%, 12/31/2045^k		1,603,594
		Intesa Sanpaolo SPA
	1,500,000	5.017%, 6/26/2024^e		1,368,849
		J.P. Morgan Chase & Company
	4,000,000	1.615%, 1/25/2018^f		4,019,876
	1,750,000	2.250%, 1/23/2020		1,772,992
	1,750,000	3.875%, 9/10/2024		1,842,355
	1,450,000	7.900%, 4/29/2049^k		1,489,875
		J.P. Morgan Chase Bank NA
	1,350,000	1.453%, 9/23/2019^f		1,351,755
		Japan Bank for International Cooperation
	4,000,000	1.750%, 7/31/2018		4,030,808
		KeyBank NA
	2,750,000	1.362%, 6/1/2018^f		2,745,190
		Kilroy Realty, LP
	750,000	3.800%, 1/15/2023		779,206
		Lloyds Bank plc
	2,475,000	1.374%, 3/16/2018^f		2,470,057
		Lloyds Banking Group plc
	350,000	4.582%, 12/10/2025^e		357,129
		Metropolitan Life Global Funding I
	3,250,000	3.650%, 6/14/2018^e		3,375,034
		Mitsubishi UFJ Financial Group, Inc.
	1,325,000	1.912%, 9/13/2021^f		1,323,484
		Mizuho Financial Group Cayman 3, Ltd.
	825,000	4.600%, 3/27/2024^e		910,704
		Mizuho Financial Group, Inc.
	1,325,000	1.992%, 9/13/2021^f		1,326,603
		Morgan Stanley
	2,155,000	1.874%, 1/27/2020^f		2,177,464
	1,750,000	5.000%, 11/24/2025		1,952,475
	1,000,000	5.450%, 12/29/2049^k		1,003,340
	1,100,000	5.550%, 12/29/2049^j,k		1,123,375
		NCUA Guaranteed Notes
	1,292,113	0.863%, 12/7/2020^f		1,289,167
		New York Life Global Funding
	600,000	1.550%, 11/2/2018^e		603,078
		Peachtree Corners Funding Trust
	1,375,000	3.976%, 2/15/2025^e		1,384,005
		Prudential Financial, Inc.
	1,430,000	2.350%, 8/15/2019		1,459,046
		Realty Income Corporation
	1,500,000	2.000%, 1/31/2018		1,510,060
		Regions Financial Corporation
	1,200,000	3.200%, 2/8/2021		1,247,471
		Reliance Standard Life Global Funding II
	1,740,000	2.500%, 4/24/2019^e		1,769,154
		Santander UK plc
	975,000	3.125%, 1/8/2021		990,725


Principal Amount		Long-Term Fixed Income (93.3%)	Value
	Financials (20.2%) - continued
		Simon Property Group, LP
	$1,635,000	2.500%, 9/1/2020		$1,685,342
	1,600,000	2.500%, 7/15/2021		1,642,462
		Skandinaviska Enskilda Banken AB
	2,500,000	1.375%, 5/29/2018^e		2,500,682
		SLM Corporation
	700,000	4.625%, 9/25/2017		710,500
		Stadshypotek AB
	2,000,000	1.875%, 10/2/2019^e		2,019,850
		Standard Chartered plc
	1,225,000	3.950%, 1/11/2023^e,j		1,221,744
		State Street Corporation
	2,499,000	1.701%, 8/18/2020^f		2,522,536
		Sumitomo Mitsui Banking Corporation
	2,555,000	1.268%, 1/16/2018^f		2,555,881
		Sumitomo Mitsui Financial Group, Inc.
	1,800,000	4.436%, 4/2/2024^e		1,975,727
		SunTrust Banks, Inc.
	775,000	2.900%, 3/3/2021		806,477
		Svensk Exportkredit AB
	3,500,000	1.015%, 1/23/2017^f		3,502,888
		Svenska Handelsbanken AB
	750,000	1.347%, 6/17/2019^f		750,896
		Swedbank AB
	1,750,000	1.750%, 3/12/2018^e		1,757,563
		Synchrony Financial
	1,440,000	1.989%, 2/3/2020^f		1,408,684
	1,520,000	3.750%, 8/15/2021		1,598,801
		Toronto-Dominion Bank
	1,500,000	1.786%, 12/14/2020^f		1,513,386
		UBS AG
	2,750,000	1.557%, 3/26/2018^f		2,757,758
		USB Group Funding Jersey, Ltd.
	2,250,000	2.297%, 9/24/2020^e,f		2,284,169
		USB Realty Corporation
	1,495,000	1.827%, 12/29/2049^e,f,k		1,341,762
		Voya Financial, Inc.
	1,500,000	2.900%, 2/15/2018		1,528,156
	500,000	5.650%, 5/15/2053		500,000
		Wells Fargo & Company
	2,155,000	1.432%, 1/30/2020^f		2,149,009
	925,000	3.450%, 2/13/2023		953,849
	1,100,000	4.100%, 6/3/2026		1,167,038
	1,100,000	5.875%, 12/31/2049^k		1,193,500
		Westpac Banking Corporation
	2,500,000	1.250%, 12/15/2017^e		2,502,117
		XLIT, Ltd.
	1,100,000	4.450%, 3/31/2025		1,116,576

		Total		175,013,885


	Foreign Government (0.9%)
		Costa Rica Government International Bond
	1,650,000	4.250%, 1/26/2023^e		1,621,125
		Export-Import Bank of Korea
	2,130,000	2.250%, 1/21/2020		2,169,861
		Kommunalbanken AS
	3,500,000	1.500%, 10/22/2019^e		3,523,450
		Poland Government International Bond
	125,000	4.000%, 1/22/2024		138,125

		Total		7,452,561


Principal Amount		Long-Term Fixed Income (93.3%)	Value
	Mortgage-Backed Securities (3.1%)
		Federal Home Loan Mortgage Corporation Gold 15-Yr. Pass Through
	$7,150,000	3.000%, 10/1/2031^c		$7,510,153
		Federal Home Loan Mortgage Corporation Gold 30-Yr. Pass Through
	484,331	6.500%, 9/1/2037		582,304
	7,200,000	4.000%, 10/1/2046^c		7,722,984
		Federal National Mortgage Association Conventional 15-Yr. Pass Through
	2,232,446	2.250%, 6/25/2025		2,272,044
		Federal National Mortgage Association Conventional 30-Yr. Pass Through
	601,819	5.464%, 9/1/2037^f		638,066
	358,707	5.210%, 10/1/2037^f		358,273
	2,691,930	2.051%, 1/1/2043^f		2,789,207
	5,239,036	1.740%, 7/1/2043^f		5,362,514

		Total		27,235,545


	Technology (2.2%)
		Amphenol Corporation
	1,409,000	2.550%, 1/30/2019		1,441,879
		Apple, Inc.
	3,050,000	1.088%, 5/6/2019^f		3,061,120
	1,735,000	1.117%, 5/6/2020^f		1,731,884
		Automatic Data Processing, Inc.
	1,000,000	2.250%, 9/15/2020		1,031,337
		Cisco Systems, Inc.
	1,300,000	1.411%, 2/21/2018^f		1,307,526
	2,335,000	1.342%, 3/1/2019^f		2,350,334
		Diamond 1 Finance Corporation
	985,000	3.480%, 6/1/2019^e		1,013,043
		Hewlett Packard Enterprise Company
	2,800,000	2.583%, 10/5/2018^e,f		2,847,085
		Intel Corporation
	905,000	3.100%, 7/29/2022		966,622
		Oracle Corporation
	1,675,000	2.500%, 5/15/2022		1,719,359
		Texas Instruments, Inc.
	1,300,000	1.750%, 5/1/2020		1,317,456

		Total		18,787,645


	Transportation (2.0%)
		Air Canada Pass Through Trust
	1,388,121	3.875%, 3/15/2023^e		1,349,948
		American Airlines Pass Through Trust
	1,222,311	5.600%, 7/15/2020^e		1,278,842
	1,198,671	4.950%, 1/15/2023		1,303,555
	999,088	3.700%, 5/1/2023		976,608
		British Airways plc
	1,352,017	4.625%, 6/20/2024^e		1,449,593
		Continental Airlines, Inc.
	2,770,117	4.150%, 4/11/2024		2,957,100
		Delta Air Lines, Inc.
	695,604	4.750%, 5/7/2020		751,253
		ERAC USA Finance, LLC
	1,600,000	2.600%, 12/1/2021^e		1,630,832
		J.B. Hunt Transport Services, Inc.
	1,450,000	3.300%, 8/15/2022		1,515,853
		TTX Company
	2,000,000	2.250%, 2/1/2019^e		2,025,950
	800,000	4.125%, 10/1/2023^*		852,893


Principal Amount		Long-Term Fixed Income (93.3%)	Value
	Transportation (2.0%) - continued
		Virgin Australia Holdings, Ltd.
	$1,179,526	5.000%, 10/23/2023^e		$1,223,758

		Total		17,316,185


	U.S. Government and Agencies (17.3%)
		Federal Home Loan Mortgage Corporation
	500,000	1.250%, 8/1/2019^j		503,629
		Federal National Mortgage Association
	7,500,000	1.250%, 8/17/2021		7,479,690
		U.S. Treasury Bonds
	8,000,000	5.375%, 2/15/2031		11,671,560
	200,000	3.000%, 5/15/2042		228,008
	1,300,000	3.625%, 2/15/2044		1,655,316
		U.S. Treasury Bonds, TIPS
	19,514,140	0.125%, 4/15/2019		19,846,349
	7,115,881	0.125%, 1/15/2023		7,228,113
	7,722,829	0.625%, 1/15/2026		8,122,176
	9,141,120	1.000%, 2/15/2046		10,104,877
		U.S. Treasury Notes
	5,000,000	1.250%, 12/15/2018		5,046,875
	12,350,000	1.500%, 10/31/2019		12,567,088
	48,990,000	1.125%, 8/31/2021		48,940,226
	13,150,000	2.125%, 6/30/2022		13,754,598
	2,565,000	1.625%, 8/15/2022		2,611,291

		Total		149,759,796


	Utilities (2.6%)
		Ameren Corporation
	1,175,000	2.700%, 11/15/2020		1,211,451
		Berkshire Hathaway Energy Company
	1,550,000	2.400%, 2/1/2020		1,587,681
		DTE Energy Company
	730,000	2.400%, 12/1/2019		744,539
		Electricite de France SA
	1,500,000	5.250%, 12/29/2049^e,k		1,466,400
		Eversource Energy
	1,560,000	1.600%, 1/15/2018		1,566,377
	1,250,000	1.450%, 5/1/2018		1,252,384
		Exelon Corporation
	1,650,000	2.850%, 6/15/2020		1,710,862
		Exelon Generation Company, LLC
	1,385,000	2.950%, 1/15/2020		1,427,499
		National Rural Utilities Cooperative Finance Corporation
	1,150,000	4.750%, 4/30/2043		1,167,618
		NextEra Energy Capital Holdings, Inc.
	950,000	2.300%, 4/1/2019		965,073
		Pacific Gas & Electric Company
	250,000	5.625%, 11/30/2017		262,528
		PG&E Corporation
	1,500,000	2.400%, 3/1/2019		1,529,161
		Public Service Electric And Gas Company
	2,570,000	1.800%, 6/1/2019		2,605,427
		Sempra Energy
	2,425,000	2.300%, 4/1/2017		2,437,023
	1,765,000	2.400%, 3/15/2020		1,798,288


Principal Amount		Long-Term Fixed Income (93.3%)	Value
	Utilities (2.6%) - continued
		Southern California Edison Company
	$1,040,000	2.400%, 2/1/2022		$1,071,514

		Total		22,803,825



		Total Long-Term Fixed Income (cost $806,676,681)		807,861,465


Shares		Preferred Stock (0.4%)	Value
	Financials (0.3%)
	66,000	Citigroup, Inc., 7.008%^f		1,738,440
	8,125	Farm Credit Bank of Texas, 6.750%^k		871,661

		Total		2,610,101


	Utilities (0.1%)
	36,000	Southern California Edison Company Trust IV, 5.375%^k		1,044,360

		Total		1,044,360



		Total Preferred Stock (cost $3,534,100)		3,654,461


Shares		Common Stock (<0.1%)	Value
	Energy (<0.1%)
	816	Vantage Drilling International^l		64,464

		Total		64,464



		Total Common Stock (cost $73,440)		64,464


Shares		Collateral Held for Securities Loaned (0.7%)	Value
	6,141,250	Thrivent Cash Management Trust		6,141,250

		Total Collateral Held for Securities Loaned (cost $6,141,250)		6,141,250


Shares or Principal Amount		Short-Term Investments (5.9%)^m	Value
		Federal Home Loan Bank Discount Notes
	200,000	0.365%, 10/7/2016ⁿ		199,996
	1,000,000	0.375%, 10/21/2016ⁿ		999,905
	1,100,000	0.290%, 10/26/2016		1,099,867
	1,700,000	0.290%, 11/2/2016		1,699,689
	3,300,000	0.325%, 11/14/2016		3,299,152
	2,607,000	0.310%, 11/25/2016		2,606,155
	900,000	0.350%, 12/7/2016		899,578
		Thrivent Core Short-Term Reserve Fund
	4,042,718	0.750%		40,427,176

		Total Short-Term Investments (cost $51,230,164)		51,231,518

		Total Investments (cost $887,175,246) 102.5%		$887,425,948

		Other Assets and Liabilities, Net (2.5%)		(21,335,295)

		Total Net Assets 100.0%		$866,090,653

a	The stated interest rate represents the weighted average of all contracts within the bank loan facility.

b	All or a portion of the loan is unfunded.

c	Denotes investments purchased on a when-issued or delayed delivery basis.

d	In bankruptcy. Interest is not being accrued.

f	Denotes variable rate securities. Variable rate securities are securities whose yields vary with a designated market index or market rate. The rate shown is as of September 30, 2016.

g	Denotes step coupon securities. Step coupon securities pay an initial coupon rate for the first period and then different coupon rates for following periods. The rate shown is as of September 30, 2016.

h	Defaulted security. Interest is not being accrued.

i	All or a portion of the security is insured or guaranteed.

j	All or a portion of the security is on loan.

k	Denotes perpetual securities. Perpetual securities pay an indefinite stream of interest, but may be called by the issuer at an earlier date.

l	Non-income producing security.

m	The interest rate shown reflects the yield, coupon rate or the discount rate at the date of purchase.

n	All or a portion of the security is held on deposit with the counterparty and pledged as the initial margin deposit for open futures contracts.

Denotes restricted securities. Restricted securities are investment securities which have been deemed illiquid and cannot be offered for public sale without first being registered under the Securities Act of 1933. The value of all restricted securities held in Limited Maturity Bond Portfolio as of September 30, 2016 was $90,823,312 or 10.5% of total net assets. The following table indicates the acquisition date and cost of restricted securities shown in the schedule as of September 30, 2016.


Security	Acquisition Date		Cost
Alm Loan Funding CLO, 10/17/2026		7/31/2014	$	3,758,120
American Tower Trust I, 3/15/2018		3/6/2013		1,650,000
Apidos CLO XVIII, 7/22/2026		6/25/2014		3,765,563
Babson CLO, Ltd., 10/17/2026		8/15/2014		3,758,120
Bayview Opportunity Master Fund Trust, 7/28/2034		6/27/2014		2,126,469
Betony CLO, Ltd., 4/15/2027		2/25/2015		3,425,000
Birchwood Park CLO, Ltd., 7/15/2026		7/31/2014		3,760,000
BlueMountain CLO, Ltd., 10/15/2026		8/27/2014		3,756,202
Carlyle Global Market Strategies CLO, Ltd., 10/15/2026		9/19/2014		3,750,000
Carlyle Global Market Strategies CLO, Ltd., 7/20/2023		7/3/2014		3,750,000
Cent CLO 16, LP, 8/1/2024		9/5/2014		3,760,000
Cent CLO 22, Ltd., 11/7/2026		9/19/2014		3,750,000
Commonbond Student Loan Trust, 6/25/2032		6/17/2015		1,002,145
DRB Prime Student Loan Trust, 10/27/2031		9/23/2015		3,982,260
Dryden 34 Senior Loan Fund CLO, 10/15/2026		7/21/2014		3,760,000
Edlinc Student Loan Funding Trust, 10/1/2025		11/29/2012		1,722,933
First Franklin Mortgage Loan Asset-Backed Certificates, 3/25/2036		4/19/2006		214,738


Security	Acquisition Date		Cost
GoldenTree Loan Opportunities IX, Ltd., 10/29/2026		10/3/2014	$	3,746,250
Madison Park Funding XIV CLO, Ltd., 7/20/2026		7/3/2014		4,145,020
Mortgage Equity Conversion Asset Trust, 1/25/2042		1/18/2007		4,248,366
Mortgage Equity Conversion Asset Trust, 2/25/2042		2/14/2007		4,253,914
Neuberger Berman CLO, Ltd., 8/4/2025		6/19/2014		3,000,000
NextGear Floorplan Master Owner Trust, 10/15/2019		11/3/2014		2,999,466
Octagon Investment Partners XX CLO, Ltd., 8/12/2026		7/10/2014		3,760,000
OZLM VIII, Ltd., 10/17/2026		8/7/2014		3,738,568
Race Point IX CLO, Ltd., 4/15/2027		2/13/2015		1,500,000
Selene Non-Performing Loans, LLC, 5/25/2054		5/23/2014		348,372
Symphony CLO VIII, Ltd., 1/9/2023		9/15/2014		3,502,633
TTX Company, 10/1/2023		9/19/2013		799,992
Voya CLO 3, Ltd., 7/25/2026		7/10/2014		3,754,360
Wachovia Asset Securitization, Inc., 7/25/2037		3/16/2007		774,034

The following table presents the total amount of securities loaned with continuous maturity, by type, offset by the gross payable upon return of collateral for securities loaned by Thrivent Limited Maturity Bond Portfolio as of September 30, 2016:


Securities Lending Transactions
Taxable Debt Security	$	5,964,736

Total lending	$	5,964,736
Gross amount payable upon return of collateral for securities loaned	$	6,141,250

Net amounts due to counterparty	$	176,514

Definitions:


CLO	-	Collateralized Loan Obligation
TIPS	-	Treasury Inflation Protected Security.

Unrealized Appreciation (Depreciation)


Gross unrealized appreciation and depreciation of investments, based on cost for federal income tax purposes, were as follows:

Gross unrealized appreciation	$	12,240,580
Gross unrealized depreciation		(11,989,878)

Net unrealized appreciation (depreciation)	$	250,702

Cost for federal income tax purposes	$	887,175,246

The following table is a summary of the inputs used, as of September 30, 2016, in valuing Limited Maturity Bond Portfolio’s assets carried at fair value.

There were no significant transfers between Levels during the period ended September 30, 2016. Transfers between Levels are identified as of the end of the period.

The following table presents Limited Maturity Bond Portfolio’s futures contracts held as of September 30, 2016. Investments and/or cash totaling $1,199,901 were pledged as the initial margin deposit for these contracts.

A summary of transactions for the fiscal year to date, in Limited Maturity Bond Portfolio, is as follows:


Principal Amount		U.S. Government Agency Debt (87.1%)^a	Value
		Federal Agricultural Mortgage Corporation
	$1,470,000	0.715%, 1/25/2017^b		$1,470,000
	1,510,000	0.629%, 3/7/2017^b		1,510,000
		Federal Farm Credit Bank
	1,700,000	0.450%, 10/21/2016^b		1,700,066
	580,000	0.560%, 12/14/2016^b		580,273
	200,000	0.450%, 2/1/2017		199,693
	780,000	0.552%, 3/13/2017^b		779,754
	130,000	0.581%, 4/17/2017^b		129,979
	1,300,000	0.578%, 8/10/2017^b		1,299,442
		Federal Home Loan Bank
	3,340,000	0.321%, 10/3/2016		3,339,941
	3,460,000	0.325%, 10/5/2016		3,459,875
	1,910,000	0.300%, 10/6/2016		1,909,920
	5,160,000	0.319%, 10/7/2016		5,159,726
	3,300,000	0.339%, 10/11/2016		3,299,689
	2,130,000	0.300%, 10/12/2016		2,129,805
	2,470,000	0.297%, 10/13/2016		2,469,756
	3,750,000	0.602%, 10/13/2016^b		3,749,987
	2,600,000	0.333%, 10/14/2016		2,599,687
	1,500,000	0.313%, 10/17/2016		1,499,791
	1,635,000	0.300%, 10/18/2016		1,634,768
	3,430,000	0.345%, 10/19/2016		3,429,408
	2,640,000	0.315%, 10/20/2016		2,639,561
	4,300,000	0.339%, 10/21/2016		4,299,190
	1,130,000	0.250%, 10/25/2016		1,129,812
	2,953,000	0.318%, 10/26/2016		2,952,347
	5,060,000	0.304%, 10/28/2016		5,058,846
	1,825,000	0.313%, 11/1/2016		1,824,509
	5,645,000	0.298%, 11/2/2016		5,643,506
	2,230,000	0.319%, 11/4/2016		2,229,329
	1,450,000	0.330%, 11/8/2016		1,449,495
	1,275,000	0.330%, 11/9/2016		1,274,544
	2,970,000	0.328%, 11/14/2016		2,968,811
	1,820,000	0.299%, 11/16/2016		1,819,304
	4,600,000	0.291%, 11/18/2016		4,598,215
	440,000	0.300%, 11/21/2016		439,813
	1,150,000	0.335%, 11/22/2016		1,149,444
	1,727,000	0.321%, 11/23/2016		1,726,183
	1,400,000	0.625%, 11/23/2016		1,400,515
	3,460,000	0.321%, 11/25/2016		3,458,302
	310,000	0.360%, 11/29/2016		309,817
	1,700,000	0.345%, 11/30/2016		1,699,023
	3,765,000	0.346%, 12/2/2016		3,762,754
	2,070,000	0.350%, 12/7/2016		2,068,652
	800,000	0.350%, 12/9/2016		799,463
	1,450,000	0.380%, 12/14/2016		1,448,867
	1,470,000	0.290%, 12/23/2016		1,469,017
	1,470,000	0.628%, 1/19/2017^b		1,469,952
	1,280,000	0.615%, 1/26/2017^b		1,280,000
	1,300,000	0.763%, 3/30/2017^b		1,300,000
	1,300,000	0.673%, 5/16/2017^b		1,299,772
	1,300,000	0.792%, 8/23/2017^b		1,299,942
	1,760,000	0.500%, 9/29/2017^c		1,760,000
	800,000	0.600%, 11/2/2017^b		800,000
		Federal Home Loan Mortgage Corporation
	1,430,000	0.875%, 10/14/2016		1,430,274
	750,000	5.125%, 10/18/2016		751,714
	2,510,000	0.625%, 11/1/2016		2,510,554
	1,450,000	0.700%, 1/27/2017		1,451,039
	1,250,000	0.666%, 7/21/2017^b		1,249,896
		Federal National Mortgage Association
	1,420,000	0.550%, 11/14/2016		1,420,305


Principal Amount		U.S. Government Agency Debt (87.1%)^a	Value
	$1,925,000	1.375%, 11/15/2016		$1,927,124
	1,810,000	0.330%, 12/7/2016		1,808,888
	1,570,000	0.807%, 12/20/2017^b		1,570,000
	1,630,000	0.635%, 1/11/2018^b		1,630,000
		Overseas Private Investment Corporation
	2,052,632	0.750%, 10/5/2016^b		2,052,632
	3,750,000	0.790%, 10/5/2016^b		3,750,000
	2,368,421	0.750%, 10/7/2016^b		2,368,421
	835,000	0.750%, 10/7/2016^b		835,000
	1,410,000	0.760%, 10/7/2016^b		1,410,000
	600,000	0.760%, 10/7/2016^b		600,000
	810,866	0.790%, 10/7/2016^b		810,866
	1,900,000	0.790%, 10/7/2016^b		1,900,000
	2,850,000	0.790%, 10/7/2016^b		2,850,000
	3,450,000	0.790%, 10/7/2016^b		3,450,000
	2,052,918	0.800%, 10/7/2016^b		2,052,918
	2,550,000	0.870%, 11/18/2016		2,569,309
	312,943	0.990%, 11/21/2016		315,340
	2,600,000	1.010%, 3/17/2017		2,600,000
	1,530,000	0.760%, 3/30/2017		1,534,849

		Total		154,029,674


Principal Amount		U.S. Treasury Debt (12.7%)^a	Value
		U.S. Treasury Notes
	4,300,000	0.303%, 10/31/2016^b		4,300,092
	2,850,000	0.375%, 10/31/2016		2,850,134
	5,050,000	0.334%, 1/31/2017^b		5,051,040
	3,060,000	0.327%, 7/31/2017^b		3,059,536
	2,380,000	0.522%, 1/31/2018^b		2,384,208
	4,950,000	0.424%, 7/31/2018^b		4,951,074

		Total		22,596,084



		Total Investments (at amortized cost) 99.8%		$176,625,758

		Other Assets and Liabilities, Net 0.2%		352,464

		Total Net Assets 100.0%		$176,978,222

a	The interest rate shown reflects the yield, coupon rate or the discount rate at the date of purchase.

b	Denotes variable rate securities. Variable rate securities are securities whose yields vary with a designated market index or market rate. The rate shown is as of September 30, 2016.

c	Denotes step coupon securities. Step coupon securities pay an initial coupon rate for the first period and then different coupon rates for following periods. The rate shown is as of September 30, 2016.


Cost for federal income tax purposes		$	176,625,758

The following table is a summary of the inputs used, as of September 30, 2016, in valuing Money Market Portfolio’s assets carried at fair value or amortized cost, which approximates fair value.

There were no significant transfers between Levels during the period ended September 30, 2016. Transfers between Levels are identified as of the end of the period.

SIGNIFICANT ACCOUNTING POLICIES

Valuation of Investments – Securities traded on U.S. or foreign securities exchanges or included in a national market system are valued at the official closing price at the close of each business day unless otherwise stated below. Over-the-counter securities and listed securities for which no price is readily available are valued at the current bid price considered best to represent the value at that time. Security prices are based on quotes that are obtained from an independent pricing service approved by the Board of Directors (the “Board”). The pricing service, in determining values of fixed-income securities, takes into consideration such factors as current quotations by broker/dealers, coupon, maturity, quality, type of issue, trading characteristics, and other yield and risk factors it deems relevant in determining valuations. Securities which cannot be valued by the approved pricing service are valued using price quotes obtained from third-party broker-dealers that make markets in the securities. Exchange-listed options and futures contracts are valued at the last quoted sales price. Swap agreements are valued at the latest bid quotation of the contract as furnished by an independent pricing service. Forward foreign currency exchange contracts are marked-to-market based upon foreign currency exchange rates provided by the pricing service. Investments in open-ended mutual funds are valued at their net asset value at the close of each business day.

Securities held by the Money Market Portfolio are valued on the basis of amortized cost (which approximates market value), whereby a portfolio security is valued at its cost initially and thereafter valued to reflect a constant amortization to maturity of any discount or premium. The Money Market Portfolio and the Adviser follow procedures designed to help maintain a constant net asset value of $1.00 per share.

The Board has delegated responsibility for daily valuation of the Portfolios’ securities to the Adviser. The Adviser has formed a Valuation Committee (“Committee”) that is responsible for overseeing the Portfolios’ valuation policies in accordance with Valuation Policies and Procedures. The Committee meets on a monthly and on an as-needed basis to review price challenges, price overrides, stale prices, shadow prices, manual prices, money market pricing, international fair valuation, and other securities requiring fair valuation.

The Committee monitors for significant events occurring prior to the close of trading on the New York Stock Exchange that could have a material impact on the value of any securities that are held by the Portfolios. Examples of such events include trading halts, national news/events, and issuer-specific developments. If the Committee decides that such events warrant using fair value estimates, the Committee will take such events into consideration in determining the

fair value of such securities. If market quotations or prices are not readily available or determined to be unreliable, the securities will be valued at fair value as determined in good faith pursuant to procedures adopted by the Board.

In accordance with U.S. Generally Accepted Accounting Principles (“GAAP”), the various inputs used to determine the fair value of the Portfolios’ investments are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities, typically included in this level are U.S. equity securities, futures, options and registered investment company funds. Level 2 includes other significant observable inputs such as quoted prices for similar securities, interest rates, prepayment speeds and credit risk, typically included in this level are fixed income securities, international securities, swaps and forward contracts. Level 3 includes significant unobservable inputs such as the Adviser’s own assumptions and broker evaluations in determining the fair value of investments. Of the Level 3 securities, those for which market values were not readily available or were deemed unreliable were fair valued as determined in good faith under procedures established by the Board. The valuation levels are not necessarily an indication of the risk associated with investing in these securities or other investments. Investments measured using net asset value per share as a practical expedient for fair value and that are not publicly available-for-sale are not categorized within the fair value hierarchy.

Valuation of International Securities – Because many foreign markets close before the U.S. markets, events may occur between the close of the foreign market and the close of the U.S. markets that could have a material impact on the valuation of foreign securities. The Portfolios, under the supervision of the Board, evaluate the impacts of these events and may adjust the valuation of foreign securities to reflect the fair value as of the close of the U.S. markets. The Board has authorized the Adviser to make fair valuation determinations pursuant to policies approved by the Board.

Foreign Denominated Investments – Foreign denominated assets and currency contracts may involve more risks than domestic transactions including currency risk, political and economic risk, regulatory risk, and market risk. Certain Portfolios may also invest in securities of companies located in emerging markets. Future economic or political developments could adversely affect the liquidity or value, or both, of such securities.

Derivative Financial Instruments – Each of the Portfolios, with the exception of the Money Market Portfolio, may invest in derivatives. Derivatives, a category that includes options, futures, swaps, foreign currency forward contracts and hybrid instruments, are financial instruments whose value is derived from another security, an index or a currency. Each applicable Portfolio may use derivatives for hedging (attempting to offset a potential loss in one position by

establishing an interest in an opposite position). This includes the use of currency-based derivatives to manage the risk of its positions in foreign securities. Each applicable Portfolio may also use derivatives for replication of a certain asset class or speculation (investing for potential income or capital gain). These contracts may be transacted on an exchange or over-the-counter (OTC).

A derivative may incur a mark to market loss if the value of the derivative decreases due to an unfavorable change in the market rates or values of the underlying derivative. Losses can also occur if the counterparty does not perform under the derivative. A Portfolio’s risk of loss from the counterparty credit risk on OTC derivatives is generally limited to the aggregate unrealized gain netted against any collateral held by such Portfolio. With exchange traded futures and centrally cleared swaps, there is minimal counterparty credit risk to the Portfolios because the exchange’s clearinghouse, as counterparty to such derivatives, guarantees against a possible default. The clearinghouse stands between the buyer and the seller of the derivative; thus, the credit risk is limited to the failure of the clearinghouse. However, credit risk still exists in exchange traded futures and centrally cleared swaps with respect to initial and variation margin that is held in a broker’s customer accounts. While brokers are required to segregate customer margin from their own assets, in the event that a broker becomes insolvent or goes into bankruptcy and at that time there is a shortfall in the aggregate amount of margin held by the broker for all its clients, U.S. bankruptcy laws will typically allocate that shortfall on a pro-rata basis across all the broker’s customers, potentially resulting in losses to the Portfolios. Using derivatives to hedge can guard against potential risks, but it also adds to the Portfolios’ expenses and can eliminate some opportunities for gains. In addition, a derivative used for mitigating exposure or replication may not accurately track the value of the underlying asset. Another risk with derivatives is that some types can amplify a gain or loss, potentially earning or losing substantially more money than the actual cost of the derivative.

In order to define their contractual rights and to secure rights that will help the Portfolios mitigate their counterparty risk, the Portfolios may enter into an International Swaps and Derivatives Association, Inc. Master Agreement (“ISDA Master Agreement”) or similar agreement with its derivative contract counterparties. An ISDA Master Agreement is a bilateral agreement between a Portfolio and a counterparty that governs OTC derivatives and foreign exchange contracts and typically includes, among other things, collateral posting terms and netting provisions in the event of a default and/ or termination event. Under an ISDA Master Agreement, each Portfolio may, under certain circumstances, offset with the counterparty certain derivatives’ payables and/or receivables with collateral held and/or posted and create one single net payment. The provisions of the ISDA Master

Agreement typically permit a single net payment in the event of a default (close-out netting) including the bankruptcy or insolvency of the counterparty. Note, however, that bankruptcy and insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against the right of offset in bankruptcy, insolvency or other events.

Collateral and margin requirements vary by type of derivative. Margin requirements are established by the broker or clearing house for exchange traded and centrally cleared derivatives (futures, options, and centrally cleared swaps). Brokers can ask for margining in excess of the minimum in certain situations. Collateral terms are contract specific for OTC derivatives (foreign currency exchange contracts, options, and swaps). For derivatives traded under an ISDA Master Agreement, the collateral requirements are typically calculated by netting the mark to market amount for each transaction under such agreement and comparing that amount to the value of any collateral currently pledged by the Portfolio and the counterparty. For financial reporting purposes, non-cash collateral that has been pledged to cover obligations of the Portfolio has been noted in the Schedule of Investments. To the extent amounts due to the Portfolio from its counterparties are not fully collateralized, contractually or otherwise, the Portfolio bears the risk of loss from counterparty nonperformance. The Portfolios attempt to mitigate counterparty risk by only entering into agreements with counterparties that they believe have the financial resources to honor their obligations and by monitoring the financial stability of those counterparties.

Options – All Portfolios, with the exception of the Money Market Portfolio, may buy put and call options and write put and covered call options. The Portfolios intend to use such derivative instruments as hedges to facilitate buying or selling securities or to provide protection against adverse movements in security prices or interest rates. The Portfolios may also enter into options contracts to protect against adverse foreign exchange rate fluctuations. Option contracts are valued daily and unrealized appreciation or depreciation is recorded. A Portfolio will realize a gain or loss upon expiration or closing of the option transaction. When an option is exercised, the proceeds upon sale for a written call option or the cost of a security for purchased put and call options is adjusted by the amount of premium received or paid.

Buying put options tends to decrease a Portfolio’s exposure to the underlying security while buying call options tends to increase a Portfolio’s exposure to the underlying security. The risk associated with purchasing put and call options is limited to the premium paid. There is no significant counterparty risk on exchange-traded options as the exchange guarantees the contract against default. Writing put options tends to increase a Portfolio’s exposure to the underlying security while writing call options tends to decrease a Portfolio’s exposure to the underlying security. The writer of an option

has no control over whether the underlying security may be bought or sold, and therefore bears the market risk of an unfavorable change in the price of the underlying security. The counterparty risk for purchased options arises when the Portfolio has purchased an option, exercises that option, and the counterparty doesn’t buy from the Portfolio or sell to the Portfolio the underlying asset as required. In the case where the Portfolio has written an option, the Portfolio doesn’t have counterparty risk. Counterparty risk on purchased over-the-counter options is partially mitigated by the Portfolio’s collateral posting requirements. As the option increases in value to the Portfolio, the Portfolio receives collateral from the counterparty. Risks of loss may exceed amounts recognized on the Statement of Assets and Liabilities.

Futures Contracts – All Portfolios, with the exception of the Money Market Portfolio, may use futures contracts to manage the exposure to interest rate and market or currency fluctuations. Gains or losses on futures contracts can offset changes in the yield of securities. When a futures contract is opened, cash or other investments equal to the required “initial margin deposit” are held on deposit with and pledged to the broker. Additional securities held by the Portfolios may be earmarked to cover open futures contracts. The futures contract’s daily change in value (“variation margin”) is either paid to or received from the broker, and is recorded as an unrealized gain or loss. When the contract is closed, realized gain or loss is recorded equal to the difference between the value of the contract when opened and the value of the contract when closed. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed in the Statement of Assets and Liabilities. Exchange-traded futures have no significant counterparty risk as the exchange guarantees the contracts against default.

Foreign Currency Forward Contracts – In connection with purchases and sales of securities denominated in foreign currencies all Portfolios, with the exception of the Money Market Portfolio, may enter into foreign currency forward contracts. Additionally, the Portfolios may enter into such contracts to mitigate currency and counterparty exposure to other foreign-currency-denominated investments. These contracts are recorded at value and the related realized and change in unrealized foreign exchange gains and losses are included in the Statement of Operations. In the event that counterparties fail to settle these forward contracts, the Portfolios could be exposed to foreign currency fluctuations. Foreign currency contracts are valued daily and unrealized appreciation or depreciation is recorded daily as the difference between the contract exchange rate and the closing forward rate applied to the face amount of the contract. A realized gain or loss is recorded at the time a forward contract is closed. These contracts are over-the-

counter and the Portfolio is exposed to counterparty risk equal to the discounted net amount of payments to the Portfolio.

Swap Agreements – All Portfolios, with the exception of the Money Market Portfolio, may enter into swap transactions, which involve swapping one or more investment characteristics of a security or a basket of securities with another party. Such transactions include market risk, risk of default by the other party to the transaction, risk of imperfect correlation and manager risk and may involve commissions or other costs. Swap transactions generally do not involve delivery of securities, other underlying assets or principal. Accordingly, the risk of loss with respect to swap transactions is generally limited to the net amount of payments that the Portfolio is contractually obligated to make, or in the case of the counterparty defaulting, the net amount of payments that the Portfolio is contractually entitled to receive. Risks of loss may exceed amounts recognized on the Statement of Assets and Liabilities. If there is a default by the counterparty, the Portfolio may have contractual remedies pursuant to the agreements related to the transaction. The contracts are valued daily and unrealized appreciation or depreciation is recorded. Swap agreements are valued at fair value of the contract as provided by an independent pricing service. The pricing service takes into account such factors as swap curves, default probabilities, recent trades, recovery rates and other factors it deems relevant in determining valuations. Daily fluctuations in the value of the centrally cleared credit default contracts are recorded in variation margin in the Statement of Assets and Liabilities and recorded as unrealized gain or loss. The Portfolio accrues for the periodic payment and amortizes upfront payments, if any, on swap agreements on a daily basis with the net amount recorded as realized gains or losses in the Statement of Operations. Receipts and payments received or made as a result of a credit event or termination of the contract are also recognized as realized gains or losses in the Statement of Operations. Collateral, in the form of cash or securities, may be required to be held with the Portfolio’s custodian, or a third party, in connection with these agreements. Certain swap agreements are over-the-counter and the Portfolio is exposed to counterparty risk, which is the discounted net amount of payments owed to the Portfolio. This risk is partially mitigated by the Portfolio’s collateral posting requirements. As the swap increases in value to the Portfolio, the Portfolio receives collateral from the counterparty. Certain interest rate and credit default index swaps must be cleared through a clearinghouse or central counterparty.

Credit Default Swaps – A credit default swap is a swap agreement between two parties to exchange the credit risk of a particular issuer, basket of securities or reference entity. In a credit default swap transaction, a buyer pays

periodic fees in return for payment by the seller which is contingent upon an adverse credit event occurring in the underlying issuer or reference entity. The seller collects periodic fees from the buyer and profits if the credit of the underlying issuer or reference entity remains stable or improves while the swap is outstanding, but the seller in a credit default swap contract would be required to pay the amount of credit loss, determined as specified in the agreement, to the buyer in the event of an adverse credit event in the reference entity. A buyer of a credit default swap is said to buy protection whereas a seller of a credit default swap is said to sell protection. The Portfolios may be either the protection buyer or the protection seller.

Certain Portfolios enter into credit default derivative contracts directly through credit default swaps (CDS) or through credit default swap indices (CDX Indices). CDX Indices are static pools of equally weighted credit default swaps referencing corporate bonds and/or loans designed to provide diversified credit exposure to these asset classes. Portfolios sell default protection and assume long-risk positions in individual credits or indices. Index positions are entered into to gain exposure to the corporate bond and/or loan markets in a cost-efficient and diversified structure. In the event that a position defaults, by going into bankruptcy and failing to pay interest or principal on borrowed money, within any given CDX Index held, the maximum potential amount of future payments required would be equal to the pro-rata share of that position within the index based on the notional amount of the index. In the event of a default under a CDS contract, the maximum potential amount of future payments would be the notional amount. For CDS, the default events could be bankruptcy and failing to pay interest or principal on borrowed money or a restructuring. A restructuring is a change in the underlying obligations which would include reduction in interest or principal, maturity extension and subordination to other obligations.

For financial reporting purposes, the Portfolios do not offset derivative assets and derivative liabilities that are subject to netting arrangements in the Statement of Assets and Liabilities.

Additional information for the Portfolio’s policy regarding valuation of investments and other significant accounting policies can be obtained by referring to the Portfolio’s most recent annual or semiannual shareholder report.

(a) Registrant’s President and Treasurer have concluded that registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) are effective, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.

(b) Registrant’s President and Treasurer are aware of no change in registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, registrant’s internal control over financial reporting.

Separate certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 are attached hereto.

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


Futures Contracts	Number of Contracts Long/(Short)		Expiration Date	Notional Principal Amount		Value		Unrealized Gain/(Loss)
CBOT 10-Yr. U.S. Treasury Note		5	December 2016	$	654,000	$	655,625	$	1,625
CBOT 2-Yr. U.S. Treasury Note		(11)	December 2016		(2,400,716)		(2,403,156)		(2,440)
CBOT 5-Yr. U.S. Treasury Note		26	December 2016		3,152,784		3,159,407		6,623
CBOT U.S. Long Bond		(7)	December 2016		(1,190,743)		(1,177,094)		13,649
CME E-mini S&P Mid-Cap 400 Index		(760)	December 2016		(118,102,200)		(117,769,600)		332,600
CME S&P 500 Index		146	December 2016		79,237,934		78,854,600		(383,334)
CME Ultra Long Term U.S. Treasury Bond		8	December 2016		1,497,276		1,470,999		(26,277)
ICE mini MSCI EAFE Index		1,067	December 2016		91,902,455		91,052,445		(850,010)
NYBOT NYF mini Russell 2000 Index		6	December 2016		750,884		748,980		(1,904)
Total Futures Contracts								($	909,468)


Portfolio	Value December 31, 2015		Gross Purchases		Gross Sales		Shares Held at September 30, 2016		Value September 30, 2016		Income Earned January 1, 2016 - September 30, 2016
Opportunity Income Plus	$	4,541,113	$	43,510	$	4,650,239		–	$	–	$	43,542
Small Cap Stock		30,912,419		1,689,734		–		2,105,112		35,149,893		108,358
Mid Cap Stock		49,700,986		5,786,431		–		3,352,705		57,152,551		204,535
Partner Worldwide Allocation		105,949,793		2,361,195		–		12,044,477		112,719,442		2,361,195
Large Cap Value		45,459,708		3,450,043		–		3,170,544		49,438,287		645,965
Large Cap Stock		40,107,608		502,461		–		3,495,736		41,111,605		502,461
High Yield		7,480,973		336,529		–		1,743,936		8,319,100		336,545
Income		4,443,283		123,493		–		464,167		4,840,333		119,966
Limited Maturity Bond		8,953,804		135,701		–		934,752		9,220,113		135,647
Cash Management Trust-Collateral Investment		–		–		–		–		–		13
Cash Management Trust-Short Term Investment		31,326,929		113,015,313		144,342,242		–		–		64,716
Core Short-Term Reserve Fund		–		146,323,036		42,790,517		10,353,252		103,532,520		215,189
Total Value and Income Earned	$	328,876,616							$	421,483,844	$	4,738,132


Investments in Securities	Total		Level 1		Level 2		Level 3
Common Stock
Consumer Discretionary		88,492,744		87,132,082		1,360,662		–
Consumer Staples		21,915,956		21,200,068		715,888		–
Energy		75,884,355		75,243,532		640,823		–
Financials		54,295,370		52,220,557		2,074,813		–
Health Care		78,230,870		77,391,725		839,145		–
Industrials		66,013,303		64,448,871		1,564,432		–
Information Technology		147,176,356		146,921,868		254,488		–
Materials		25,373,704		24,766,797		606,907		–
Real Estate		10,784,812		10,281,021		503,791		–
Telecommunications Services		3,293,604		2,927,894		365,710		–
Utilities		9,073,066		8,870,249		202,817		–
Registered Investment Companies
Affiliated Equity Holdings		295,571,778		295,571,778		–		–
Affiliated Fixed Income Holdings		22,379,546		22,379,546		–		–
Equity Funds/ETFs		12,215,688		12,215,688		–		–
Long-Term Fixed Income
Collateralized Mortgage Obligations		236,766		–		236,766		–
Mortgage-Backed Securities		12,779,224		–		12,779,224		–
U.S. Government and Agencies		15,817,813		–		15,817,813		–
Short-Term Investments		9,399,770		–		9,399,770		–

Subtotal Investments in Securities	$	948,934,725	$	901,571,676	$	47,363,049	$	–


Other Investments*	Total
Short-Term Investments		103,532,520

Subtotal Other Investments	$	103,532,520



Total Investments at Value	$	1,052,467,245


Portfolio	Value December 31, 2015		Gross Purchases		Gross Sales		Shares Held at September 30, 2016		Value September 30, 2016		Income Earned January 1, 2016 - September 30, 2016
Small Cap Stock	$	81,936,849	$	4,478,831	$	–		5,579,836	$	93,168,753	$	287,214
Mid Cap Stock		280,208,930		32,623,289		–		18,902,196		322,220,066		1,153,148
Partner Worldwide Allocation		440,439,482		9,815,624		–		50,069,595		468,581,311		9,815,624
Large Cap Value		312,278,320		23,699,525		–		21,779,551		339,608,541		4,437,355
Large Cap Stock		283,996,164		3,557,857		–		24,752,802		291,105,322		3,557,857
High Yield		45,995,339		2,069,088		–		10,722,262		51,148,406		2,069,184
Income		144,454,320		4,014,849		–		15,090,399		157,362,676		3,900,182
Limited Maturity Bond		90,509,050		1,371,721		–		9,448,890		93,201,019		1,371,182
Cash Management Trust-Collateral Investment		80,456,520		556,772,494		564,902,035		72,326,979		72,326,979		472,521
Cash Management Trust-Short Term Investment		108,913,011		536,100,515		645,013,526		–		–		281,953
Core Short-Term Reserve Fund		–		802,681,324		209,755,388		59,292,594		592,925,936		1,110,622
Total Value and Income Earned	$	1,869,187,985							$	2,481,649,009	$	28,456,842


Foreign Currency Forward Contracts	Counterparty	Contracts to Deliver/Receive		Settlement Date	Value on Settlement Date		Value		Unrealized Gain/(Loss)
Purchases
Argentina Peso	BNP		30,805,243	10/12/2016 - 12/12/2016	$	1,963,598	$	1,969,513	$	5,915
Argentina Peso	CITI		6,672,532	10/13/2016 - 12/12/2016		429,509		425,249		(4,260)
Argentina Peso	DB		1,736,199	11/22/2016		111,295		110,084		(1,211)
Argentina Peso	BOA		1,385,654	10/13/2016		89,744		89,655		(89)
Brazilian Real	DB		908,955	10/4/2016		283,000		279,178		(3,822)
Brazilian Real	MSC		5,938,162	10/4/2016 - 11/3/2016		1,802,935		1,810,827		7,892
Brazilian Real	RBC		920,261	10/4/2016		281,000		282,651		1,651
Brazilian Real	CITI		938,812	11/3/2016		286,000		288,674		2,674
Brazilian Real	JPM		1,822,456	10/4/2016		564,658		559,753		(4,905)
Chinese Yuan	SB		11,386,955	12/21/2016		1,694,000		1,701,970		7,970
Chinese Yuan	JPM		1,908,829	12/21/2016		283,000		285,306		2,306
Colombian Peso	CITI		450,388,136	11/3/2016		155,325		155,234		(91)
Colombian Peso	DB		334,761,000	10/31/2016		114,000		115,437		1,437
Columbian Peso	CSFB		464,225,600	11/4/2016		160,000		161,002		1,002
Czech Republic Korun	SSB		6,863,080	6/21/2017		285,910		289,047		3,137
Czech Republic Korun	UBS		6,627,240	6/21/2017		274,670		279,114		4,444
Czech Republic Korun	CITI		13,266,820	6/21/2017		548,487		558,748		10,261
Czech Republic Korun	BOA		6,604,588	6/21/2017		273,052		278,160		5,108
Euro	SSB		50,813	6/21/2017		57,050		57,551		501
Euro	DB		131,846	12/21/2016		148,037		148,665		628
Euro	BNP		121,000	12/21/2016		135,859		136,435		576
Hungarian Forint	MSC		79,548,672	12/21/2016		289,711		290,128		417
Indian Rupee	JPM		37,681,996	10/27/2016 - 11/3/2016		560,000		562,973		2,973
Indian Rupee	CITI		37,136,021	10/26/2016		552,188		555,256		3,068
Indian Rupee	UBS		18,916,555	10/26/2016		281,000		282,839		1,839
Indonesian Rupiah	DB		4,793,102,506	11/8/2016		362,017		365,249		3,232
Indonesian Rupiah	WBC		13,940,683,891	10/27/2016		1,042,138		1,064,288		22,150
Indonesian Rupiah	MSC		3,549,852,000	10/27/2016		265,827		271,010		5,183
Indonesian Rupiah	CITI		9,775,441,020	11/10/2016		739,443		744,683		5,240
Malaysian Ringgit	UBS		4,463,035	10/19/2016 - 11/9/2016		1,101,682		1,078,233		(23,449)
Malaysian Ringgit	HSBC		3,945,907	11/9/2016 - 11/18/2016		954,340		952,635		(1,705)
Malaysian Ringgit	JPM		3,308,619	10/20/2016		819,026		799,602		(19,424)
Malaysian Ringgit	DB		2,533,040	10/7/2016		626,757		612,390		(14,367)
Malaysian Ringgit	CITI		204,370	10/20/2016		51,032		49,391		(1,641)
Mexican Peso	SB		42,969,754	10/13/2016		2,283,264		2,213,314		(69,950)
Mexican Peso	UBS		5,437,632	12/21/2016		286,000		277,988		(8,012)
Mexican Peso	JPM		5,393,854	12/21/2016		286,000		275,749		(10,251)
Mexican Peso	BOA		18,690,714	12/21/2016		971,628		955,523		(16,105)
Mexican Peso	HSBC		5,566,797	12/21/2016		285,000		284,591		(409)
Mexican Peso	RBS		40,734,655	12/21/2016		2,160,870		2,082,474		(78,396)
Mexican Peso	BNP		34,360,532	12/21/2016		1,779,601		1,756,610		(22,991)
New Taiwan Dollar	UBS		5,807,008	10/21/2016		185,439		185,258		(181)
New Taiwan Dollar	HSBC		8,868,858	10/11/2016		285,000		283,040		(1,960)
New Taiwan Dollar	DB		9,004,686	10/24/2016		284,000		287,496		3,496
New Taiwan Dollar	CITI		5,807,008	10/7/2016		185,045		185,300		255
Peruvian Nuevo Sol	BNP		909,044	10/12/2016		267,665		268,446		781
Peruvian Nuevo Sol	DB		966,711	10/12/2016		286,000		285,476		(524)
Philippines Peso	MSC		25,452,462	10/27/2016		537,312		524,555		(12,757)
Philippines Peso	UBS		25,510,431	11/18/2016		531,357		525,443		(5,914)
Philippines Peso	JPM		13,518,344	10/17/2016		283,000		278,660		(4,340)
Polish Zloty	UBS		8,094,562	12/21/2016		2,101,949		2,114,669		12,720
Polish Zloty	DB		1,103,570	12/21/2016		287,553		288,303		750
Polish Zloty	BNP		7,007,944	12/21/2016		1,807,325		1,830,794		23,469
Polish Zloty	BOA		1,096,800	12/21/2016		287,878		286,534		(1,344)
Polish Zolty	BOA		1,264,903	12/21/2016		330,754		330,789		35
Russian Ruble	CITI		69,710,219	10/11/2016 - 10/27/2016		1,068,742		1,105,985		37,243
Russian Ruble	MSC		17,724,101	10/27/2016		273,757		281,005		7,248


Counterparty
BOA	-	Bank of America
BNP	-	BNP Paribas
CITI	-	Citibank
CSFB	-	CS First Boston Corporation
DB	-	Deutsche Bank
HSBC	-	HSBC Securities, Inc.
JPM	-	J.P. Morgan
MSC	-	Morgan Stanley & Company
RBC	-	The Royal Bank of Canada
RBS	-	The Royal Bank of Scotland
SB	-	Standard Bank plc
SSB	-	State Street Bank
UBS	-	UBS Securities, Ltd.
WBC	-	Westpac Banking Corporation


Portfolio	Value December 31, 2015		Gross Purchases		Gross Sales		Shares Held at September 30, 2016		Value September 30, 2016		Income Earned January 1, 2016 - September 30, 2016
Cash Management Trust-Collateral Investment	$	786,450	$	19,408,768	$	18,023,980		2,171,238	$	2,171,238	$	34,634
Cash Management Trust-Short Term Investment		1,773,740		5,953,819		7,727,559		–		–		1,496
Core Short-Term Reserve Fund		–		8,989,541		7,603,012		138,653		1,386,529		3,942
Total Value and Income Earned	$	2,560,190							$	3,557,767	$	40,072


Securities Lending Transactions
Common Stock	$	18,660,122

Total lending	$	18,660,122
Gross amount payable upon return of collateral for securities loaned	$	19,059,625

Net amounts due to counterparty	$	399,503


Gross unrealized appreciation and depreciation of investments, based on cost for federal income tax purposes, were as follows:

Gross unrealized appreciation	$	290,084,876
Gross unrealized depreciation		(24,768,093)

Net unrealized appreciation (depreciation)	$	265,316,783

Cost for federal income tax purposes	$	998,043,568


Futures Contracts	Number of Contracts Long/(Short)		Expiration Date		Notional Principal Amount		Value		Unrealized Gain/(Loss)
Eurex Euro STOXX 50 Index		1,273		December 2016	$	42,685,187	$	42,829,452	$	144,265
Eurex Stoxx Europe 600 Index		321		December 2016		6,129,973		6,164,409		34,436
FTSE 100 Index		71		December 2016		6,302,224		6,317,133		14,909
ICE mini MSCI EAFE Index		511		December 2016		44,013,265		43,606,185		(407,080)
Total Futures Contracts									($	213,470)