SEI Institutional Managed Trust

Counterparty

Currency to
Deliver

($ Thousands)

Currency to
Receive

($ Thousands)

Unrealized
Appreciation
(Depreciation)
($ Thousands)



Description	Shares		Market Value ($ Thousands)
COMMON STOCK – 93.7%
Consumer Discretionary – 12.7%
Amazon.com, Cl A *		27,758	$	26,870
Autozone *		18,031		10,286
Best Buy		100,658		5,771
Delphi Automotive		36,555		3,204
Dick’s Sporting Goods		66,856		2,663
Dollar General		393,870		28,394
Dollar Tree *		27,271		1,907
Domino’s Pizza		17,849		3,776
DR Horton		314,296		10,865
General Motors		499,190		17,437
Goodyear Tire & Rubber		69,218		2,420
Home Depot		118,932		18,244
Interpublic Group		229,729		5,651
Kohl’s		56,065		2,168
L Brands		53,519		2,884
Lear		56,953		8,092
Liberty Global, Cl A *		24,310		781
Liberty Global, Cl C *		82,984		2,587
Liberty Interactive QVC Group, Cl A *		200,077		4,910
Lowe’s		447,043		34,659
Macy’s		102,099		2,373
NetFlix *		58,375		8,722
Nike, Cl B		417,821		24,651
NVR *		987		2,379
Omnicom Group		160,633		13,316
Priceline Group *		5,093		9,527
PulteGroup		102,697		2,519
Royal Caribbean Cruises		29,926		3,269
Tiffany		66,185		6,213
TJX		322,346		23,264
Tractor Supply		185,755		10,070
TripAdvisor *		63,076		2,409
Whirlpool		12,644		2,423


				304,704

Consumer Staples – 8.7%
Archer-Daniels-Midland		67,157		2,779
Bunge		33,602		2,507
Church & Dwight		56,652		2,939
Colgate-Palmolive		190,044		14,088
Constellation Brands, Cl A		103,028		19,960
CVS Health		429,660		34,570
Dr Pepper Snapple Group		80,356		7,321
Ingredion		65,751		7,838
JM Smucker		111,999		13,253
Kimberly-Clark		56,053		7,237
Kroger		586,055		13,667
PepsiCo		109,427		12,638
Philip Morris International		206,045		24,200
Procter & Gamble		74,622		6,503
Reynolds American		215,688		14,028



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Sysco, Cl A		54,408	$	2,738
Tyson Foods, Cl A		116,375		7,289
Wal-Mart Stores		192,035		14,533

				208,088

Energy – 4.1%
Anadarko Petroleum, Cl A		43,529		1,974
BP ADR (A)		198,894		6,892
Canadian Natural Resources		104,619		3,017
Chevron		153,964		16,063
Devon Energy		51,404		1,643
ExxonMobil		27,671		2,234
Helmerich & Payne (A)		64,662		3,514
Kinder Morgan		196,655		3,768
Marathon Petroleum		161,898		8,472
Occidental Petroleum		219,981		13,170
Oceaneering International, Cl A		103,840		2,372
Oneok (A)		40,932		2,135
PBF Energy, Cl A (A)		167,336		3,725
Pioneer Natural Resources		13,212		2,108
Range Resources		175,133		4,058
Royal Dutch Shell ADR, Cl A		161,764		8,604
Tesoro		29,203		2,733
Valero Energy		181,538		12,247

				98,729

Financials – 15.8%
Aflac		271,261		21,072
Allstate		164,559		14,554
Ally Financial		143,752		3,004
Ameriprise Financial		17,316		2,204
Bank of America		781,717		18,964
Berkshire Hathaway, Cl B *		32,870		5,567
Blackstone Group (B)		69,505		2,318
Capital One Financial		28,281		2,337
Charles Schwab		55,562		2,387
Citigroup		308,481		20,631
Citizens Financial Group		60,039		2,142
CME Group		48,007		6,012
Discover Financial Services		154,517		9,609
Everest Re Group		35,482		9,033
Factset Research Systems		58,009		9,640
Fifth Third Bancorp		477,711		12,401
Franklin Resources		54,058		2,421
Intercontinental Exchange		54,056		3,563
JPMorgan Chase		201,687		18,434
KKR (B)		195,860		3,643
Lincoln National		96,459		6,519
Marsh & McLennan		148,981		11,615
MetLife		181,271		9,959
Moody’s		224,661		27,337
Morgan Stanley		117,862		5,252



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
MSCI, Cl A		153,889	$	15,849
Popular		66,179		2,760
Prudential Financial		130,650		14,129
Regions Financial		606,832		8,884
S&P Global		52,569		7,675
Santander Consumer USA Holdings *		179,439		2,290
State Street		278,427		24,983
SunTrust Banks		203,731		11,556
Synchrony Financial		275,795		8,224
Travelers		120,998		15,310
US Bancorp		242,751		12,604
Voya Financial		234,838		8,663
Wells Fargo		289,382		16,035

				379,580

Health Care – 16.5%
Abbott Laboratories		309,733		15,056
Aetna, Cl A		91,205		13,848
Alexion Pharmaceuticals *		77,448		9,423
AmerisourceBergen, Cl A		129,268		12,220
Amgen, Cl A		146,509		25,233
Anthem		25,705		4,836
Becton Dickinson		241,212		47,063
Biogen *		101,096		27,433
Celgene, Cl A *		115,511		15,001
Centene *		87,379		6,980
DENTSPLY SIRONA		35,011		2,270
Gilead Sciences		204,557		14,479
HCA Healthcare *		105,452		9,195
Horizon Pharma *		147,753		1,754
Johnson & Johnson		384,996		50,931
Merck		193,218		12,383
Mettler Toledo International *		43,111		25,373
Mylan *		129,353		5,022
Pfizer		189,629		6,370
Quintiles Transnational *		68,541		6,134
UnitedHealth Group		362,164		67,152
Varian Medical Systems *		102,597		10,587
Zimmer Biomet Holdings		31,602		4,058
Zoetis, Cl A		62,622		3,906

				396,707

Industrials – 9.4%
3M		183,883		38,283
Acuity Brands		26,291		5,344
AECOM *(A)		131,520		4,252
AerCap Holdings *		48,576		2,255
Alaska Air Group		37,255		3,344
Boeing		21,161		4,185
Cummins		62,701		10,171
Delta Air Lines, Cl A		346,282		18,609
Equifax		54,810		7,532



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
FedEx		11,763	$	2,557
Graco		146,067		15,962
Huntington Ingalls Industries, Cl A		25,565		4,759
Illinois Tool Works		204,357		29,274
ManpowerGroup		25,000		2,791
Middleby *		94,372		11,467
Nielsen Holdings		88,897		3,437
Oshkosh Truck		36,834		2,537
Owens Corning		54,953		3,678
Roper Technologies		14,709		3,406
Southwest Airlines, Cl A		40,250		2,501
Spirit AeroSystems Holdings, Cl A		68,223		3,953
Stanley Black & Decker		58,879		8,286
TransDigm Group (A)		12,665		3,405
United Continental Holdings *		108,375		8,155
United Rentals *		20,742		2,338
United Technologies		115,022		14,045
WW Grainger		51,984		9,385

				225,911

Information Technology – 18.7%
Activision Blizzard		236,237		13,600
Advanced Micro Devices *(A)		205,136		2,560
Alibaba Group Holding ADR *(A)		18,199		2,564
Alliance Data Systems		8,787		2,256
Alphabet, Cl A *		30,018		27,907
Alphabet, Cl C *		11,792		10,716
Amdocs		95,961		6,186
Analog Devices		150,041		11,673
Apple		136,775		19,698
Applied Materials		341,522		14,108
Arrow Electronics, Cl A *		30,127		2,363
ASML Holding, Cl G		38,165		4,973
Autodesk, Cl A *		57,747		5,822
Automatic Data Processing		109,685		11,238
Broadcom, Cl A		20,439		4,763
CDW		37,994		2,376
Cisco Systems		256,720		8,035
Cognizant Technology Solutions, Cl A		183,544		12,187
Corning, Cl B		442,952		13,311
DXC Technology		57,520		4,413
eBay *		161,711		5,647
Electronic Arts *		105,473		11,151
Facebook, Cl A *		106,498		16,079
Finisar *		104,248		2,708
Fiserv, Cl A *		48,772		5,967
Global Payments		55,482		5,011
HP		547,800		9,576
Intel		514,638		17,364
Intuit		94,774		12,587
Jack Henry & Associates		37,926		3,939
Juniper Networks		95,031		2,650



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Lam Research		40,438	$	5,719
MasterCard, Cl A		266,450		32,360
Microchip Technology (A)		100,271		7,739
Micron Technology *		92,887		2,774
Microsoft		560,322		38,623
Motorola Solutions		32,457		2,815
Nvidia		37,581		5,433
Oracle, Cl B		291,736		14,628
PayPal Holdings *		165,386		8,876
Qualcomm		140,194		7,742
Skyworks Solutions		27,822		2,670
Snap, Cl A *(A)		102,384		1,819
Symantec, Cl A		137,107		3,873
Tencent Holdings ADR		211,535		7,607
Teradyne		64,107		1,925
Texas Instruments		114,594		8,816
Visa, Cl A		250,185		23,462

				450,309

Materials – 4.5%
Cabot		42,794		2,286
Celanese, Cl A		45,696		4,338
Cemex ADR *		519,911		4,898
Crown Holdings *		58,481		3,489
Eastman Chemical		154,132		12,946
Ecolab		72,045		9,564
Huntsman		88,775		2,294
International Paper		164,726		9,325
LyondellBasell Industries, Cl A		148,123		12,500
Nucor		69,710		4,034
Packaging Corp of America		30,110		3,354
Praxair		44,965		5,960
Sherwin-Williams, Cl A		95,520		33,524

				108,512

Real Estate – 1.3%
CBRE Group, Cl A *		74,192		2,701
Crown Castle International		71,940		7,207
Equinix (A)		20,621		8,850
HCP ^‡		70,533		2,254
Host Hotels & Resorts ^‡		324,038		5,920
SBA Communications, Cl A *^‡		30,395		4,100

				31,032

Telecommunication Services – 0.4%
AT&T		59,044		2,228
T-Mobile US *		76,716		4,650
Zayo Group Holdings *		65,265		2,017

				8,895

Utilities – 1.6%
Calpine *		170,710		2,310



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Centerpoint Energy		138,630	$	3,795
Exelon		315,546		11,382
FirstEnergy		331,568		9,668
Public Service Enterprise Group		185,139		7,963
WEC Energy Group		36,816		2,260

				37,378

Total Common Stock (Cost $1,797,635) ($ Thousands)				2,249,845

AFFILIATED PARTNERSHIP – 1.2%
SEI Liquidity Fund, L.P. 1.080% **^†(C)		29,624,237		29,628

Total Affiliated Partnership (Cost $29,624) ($ Thousands)				29,628

CASH EQUIVALENT – 6.2%
SEI Daily Income Trust, Government Fund, Cl F 0.760%**^†		147,494,724		147,495


Total Cash Equivalent (Cost $147,495) ($ Thousands)				147,495

Total Investments – 101.1% (Cost $1,974,754) ($ Thousands) @			$	2,426,968

A list of the open futures contracts held by the Fund at June 30, 2017, is as follows:

Type of Contract

Number of
Contracts
Long (Short)

Expiration Date

Unrealized
Appreciation
(Depreciation)
($ Thousands)

S&P 500 Index E-MINI

187

Sep-2017

$(100)

S&P Mid Cap 400 Index E-MINI

Sep-2017

$(90)

Percentages are based on Net Assets of $2,401,189 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of June 30, 2017.

†	Investment in Affiliated Security.

‡	Real Estate Investment Trust.

(A)	Certain securities or partial positions of certain securities are on loan at June 30, 2017. The total market value of securities on loan at June 30, 2017 was $28,893 ($ Thousands).

(B)	Security is a Master Limited Partnership. At June 30, 2017, such securities amounted to $5,961, or 0.2% of the net assets of the Fund.

(C)	This security was purchased with cash collateral held from securities on loan. The total market value of such securities as of June 30, 2017 was $29,628 ($ Thousands).

ADR – American Depositary Receipt

Cl – Class

L.P. – Limited Partnership

S&P – Standards & Poor’s

@ At June 30, 2017, the tax basis cost of the Fund’s investments was $1,974,754 ($ Thousands), and the unrealized appreciation and depreciation were $476,074 ($ Thousands) and $(23,860) ($ Thousands), respectively.

The following is a list of the levels of inputs used as of June 30, 2017 in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	2,249,845	$	–	$	–	$	2,249,845
Affiliated Partnership		–		29,628		–		29,628
Cash Equivalent		147,495		–		–		147,495

Total Investments in Securities	$	2,397,340	$	29,628	$	–	$	2,426,968


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Appreciation	$	10	$	–	$	–	$	10
Unrealized Depreciation		(100)		–		–		(100)

Total Other Financial Instruments	$	(90)	$	–	$	–	$	(90)

* Futures contracts are valued at the unrealized appreciation/(depreciation) on the instrument.

For the period ended June 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended June 30, 2017, there were no transfers from Level 2 into Level 3 assets and liabilities.

Amounts designated as “–” are $0 or have been rounded to $0.

For information regarding the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s more recent semi-annual and annual financial statements.

The following is a summary of the transactions with affiliates for the period ended June 30, 2017 ($ Thousands):



Description	Shares		Market Value ($ Thousands)
COMMON STOCK – 94.3%
Consumer Discretionary – 9.4%
Advance Auto Parts		9,534	$	1,112
Best Buy		118,058		6,768
Brinker International (A)		36,542		1,392
Comcast, Cl A		54,458		2,119
Dick’s Sporting Goods		94,123		3,749
Dollar General		255,657		18,430
DR Horton		217,103		7,505
Gap		49,546		1,090
General Motors		485,486		16,958
Goodyear Tire & Rubber		246,952		8,633
H&R Block		52,142		1,612
Hanesbrands (A)		62,434		1,446
Kohl’s (A)		88,476		3,421
Lear		32,733		4,651
Lowe’s		180,367		13,984
Macy’s		112,931		2,624
Norwegian Cruise Line Holdings *		43,619		2,368
Omnicom Group		183,496		15,212
PulteGroup		224,081		5,497
Target, Cl A		26,771		1,400
TEGNA		51,682		745
Tupperware Brands		17,982		1,263
Viacom, Cl B		39,882		1,339
Whirlpool		19,168		3,673
Wyndham Worldwide		26,215		2,632

				129,623

Consumer Staples – 9.6%
Archer-Daniels-Midland		57,847		2,394
Bunge		37,300		2,782
CVS Health		343,643		27,649
Ingredion		45,991		5,482
JM Smucker		146,190		17,299
Kroger		454,187		10,592
Philip Morris International		192,888		22,655
Pilgrim’s Pride *		83,326		1,826
Procter & Gamble		93,469		8,146
Reynolds American		273,753		17,805
Tyson Foods, Cl A		99,692		6,244
Wal-Mart Stores		110,785		8,384
Whole Foods Market		35,617		1,500

				132,758

Energy – 8.9%
Anadarko Petroleum, Cl A		64,258		2,914
BP ADR (A)		333,171		11,544
Canadian Natural Resources		173,062		4,991
Chevron		196,871		20,540
ConocoPhillips		67,279		2,958
Devon Energy		168,696		5,393
ExxonMobil		136,733		11,039



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Helmerich & Payne (A)		88,741	$	4,822
Kinder Morgan		235,079		4,504
Marathon Petroleum		131,487		6,881
Occidental Petroleum		247,800		14,836
Oceaneering International, Cl A		86,047		1,965
PBF Energy, Cl A (A)		158,820		3,535
Range Resources		184,595		4,277
Royal Dutch Shell ADR, Cl A		155,127		8,251
Targa Resources		27,295		1,234
Tesoro		26,013		2,435
Transocean *		120,225		989
Valero Energy		148,387		10,010

				123,118

Financials – 23.0%
Aflac		280,205		21,766
Allstate		121,666		10,760
Ally Financial		262,503		5,486
American Financial Group		16,671		1,657
Ameriprise Financial		25,933		3,301
Assurant		14,731		1,528
Athene Holding, Cl A *		46,639		2,314
Bank of America		1,127,868		27,362
Berkshire Hathaway, Cl B *		22,273		3,772
Blackstone Group (B)		107,654		3,590
BNP Paribas ADR		36,287		1,319
Capital One Financial		87,452		7,225
CIT Group		27,607		1,345
Citigroup		421,058		28,160
Discover Financial Services		141,677		8,811
Everest Re Group		35,006		8,912
Fifth Third Bancorp		172,505		4,478
JPMorgan Chase		325,924		29,790
KeyCorp		200,151		3,751
KKR (B)		327,582		6,093
Lincoln National		26,136		1,766
Marsh & McLennan		159,163		12,408
MetLife		227,641		12,507
Morgan Stanley		185,201		8,253
OneMain Holdings, Cl A *		57,366		1,411
PNC Financial Services Group		37,459		4,678
Popular		97,680		4,074
Prudential Financial		52,620		5,690
Radian Group		119,316		1,951
Regions Financial		354,668		5,192
Reinsurance Group of America, Cl A		52,070		6,685
Santander Consumer USA Holdings *		155,555		1,985
Starwood Property Trust ^‡		48,514		1,086
State Street		269,161		24,152
SunTrust Banks		190,328		10,795
Synchrony Financial		222,959		6,649
Travelers		90,893		11,501



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Unum Group		89,383	$	4,168
Voya Financial		254,530		9,390
Wells Fargo		23,952		1,327

				317,088

Health Care – 14.8%
Abbott Laboratories		380,086		18,476
AbbVie		72,016		5,222
Aetna, Cl A		73,098		11,098
AmerisourceBergen, Cl A		117,615		11,118
Amgen, Cl A		163,000		28,073
Anthem		67,702		12,737
Becton Dickinson		68,651		13,394
Biogen *		9,498		2,577
Celgene, Cl A *		9,771		1,269
Centene *		54,742		4,373
Cigna		14,574		2,440
Express Scripts Holding *		51,777		3,305
Gilead Sciences		45,589		3,227
HCA Healthcare *		70,323		6,132
Horizon Pharma *		93,179		1,106
Johnson & Johnson		198,855		26,306
Mallinckrodt *		54,920		2,461
Merck		249,909		16,017
Mylan *		95,145		3,694
Pfizer		314,605		10,568
UnitedHealth Group		78,572		14,569
Zimmer Biomet Holdings		49,039		6,297

				204,459

Industrials – 9.4%
3M		65,588		13,655
AECOM *		189,268		6,119
AerCap Holdings *		79,872		3,708
AGCO		20,018		1,349
Alaska Air Group		21,638		1,942
American Airlines Group		212,474		10,692
Boeing		10,922		2,160
Carlisle		12,837		1,225
Chicago Bridge & Iron (A)		47,560		938
Delta Air Lines, Cl A		253,263		13,610
Eaton		42,373		3,298
FedEx		16,500		3,586
Fluor		40,555		1,857
Illinois Tool Works		109,809		15,730
Ingersoll-Rand		14,518		1,327
JetBlue Airways *		59,070		1,348
L3 Technologies		16,844		2,814
ManpowerGroup		69,527		7,763
Oshkosh Truck		38,255		2,635
Owens Corning		54,642		3,657
Raytheon		28,452		4,594



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
RR Donnelley & Sons		26,621	$	334
Trinity Industries		63,149		1,770
United Continental Holdings *		95,306		7,172
USG *(A)		51,700		1,500
Waste Management		36,019		2,642
WW Grainger (A)		70,813		12,784

				130,209

Information Technology – 9.8%
Apple		44,043		6,343
Applied Materials		167,376		6,914
Arrow Electronics, Cl A *		17,248		1,353
Automatic Data Processing		156,867		16,073
CA		69,499		2,396
Cars.com *		17,227		459
Cisco Systems		479,418		15,006
Corning, Cl B		74,909		2,251
DXC Technology		16,742		1,284
Finisar *		64,791		1,683
First Data, Cl A *		90,017		1,638
Hewlett Packard Enterprise		164,838		2,735
HP		477,494		8,347
Intel		364,930		12,313
International Business Machines		39,734		6,112
IPG Photonics *		21,775		3,159
Juniper Networks		44,049		1,228
Lam Research		23,297		3,295
Microchip Technology (A)		141,564		10,926
Micron Technology *		297,309		8,878
Qualcomm		164,955		9,109
Seagate Technology		30,431		1,179
Skyworks Solutions		43,465		4,170
Tech Data *		13,545		1,368
Vishay Intertechnology		89,659		1,488
Western Digital		29,568		2,620
Xerox		80,527		2,313

				134,640

Materials – 3.8%
Cabot		24,552		1,312
Cemex ADR *		595,121		5,606
Crown Holdings *		22,956		1,370
Domtar		33,526		1,288
Eastman Chemical		125,182		10,514
Huntsman		65,474		1,692
International Paper		198,909		11,260
Louisiana-Pacific *		57,932		1,397
LyondellBasell Industries, Cl A		110,322		9,310
Owens-Illinois *		77,722		1,859
Reliance Steel & Aluminum		68,934		5,019



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Sonoco Products		28,379	$	1,459

				52,086

Real Estate – 1.6%
Brixmor Property Group ^‡		75,000		1,341
HCP ^‡		41,116		1,314
Hospitality Properties Trust ^‡		220,422		6,425
Host Hotels & Resorts ^‡		256,967		4,695
Howard Hughes *		10,380		1,275
Senior Housing Properties Trust ^‡		298,513		6,102
Two Harbors Investment ^‡		132,679		1,315

				22,467

Telecommunication Services – 1.1%
AT&T		325,817		12,293
Verizon Communications		72,020		3,217

				15,510

Utilities – 2.9%
Calpine *		106,720		1,444
Entergy		74,599		5,727
Exelon		297,671		10,737
FirstEnergy		294,531		8,588
Public Service Enterprise Group		178,274		7,667
UGI		75,184		3,640
Vectren		25,472		1,489

				39,292

Total Common Stock (Cost $1,039,298) ($ Thousands)				1,301,250

AFFILIATED PARTNERSHIP – 2.8%
SEI Liquidity Fund, L.P. 1.080% **^†(C)		38,105,933		38,098

Total Affiliated Partnership (Cost $38,106) ($ Thousands)				38,098

CASH EQUIVALENT – 5.4%
SEI Daily Income Trust, Government Fund, Cl F 0.760%**^†		74,047,061		74,047

Total Cash Equivalent (Cost $74,047) ($ Thousands)				74,047

Total Investments – 102.5% (Cost $1,151,451) ($ Thousands) @			$	1,413,395

Percentages are based on Net Assets of $1,379,189 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of June 30, 2017.

^†	Investment in Affiliated Security.

^‡	Real Estate Investment Trust.

(A)	Certain securities or partial positions of certain securities are on loan at June 30, 2017. The total market value of securities on loan at June 30, 2017 was $37,210 ($ Thousands).

(B)	Security is a Master Limited Partnership. At June 30, 2017, such securities amounted to $9,683 ($ Thousands), or 0.7% of the net assets of the Fund.

(C)	This security was purchased with cash collateral held from securities on loan. The total market value of such securities as of June 30, 2017 was $38,098 ($ Thousands).

ADR – American Depositary Receipt

Cl – Class

L.P. – Limited Partnership

@ At June 30, 2017 the tax basis cost of the Fund’s investments was $1,151,451 ($ Thousands), and the unrealized appreciation and depreciation were $283,851 ($ Thousands) and $(21,907) ($ Thousands), respectively.

The following is a list of the level of inputs used as of June 30, 2017, in valuing the Fund’s investments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	1,301,250	$	–	$	–	$	1,301,250
Affiliated Partnership		–		38,098		–		38,098
Cash Equivalent		74,047		–		–		74,047

Total Investments in Securities	$	1,375,297	$	38,098	$	–	$	1,413,395

For the period ended June 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended June 30, 2017, there were no transfers from Level 2 into Level 3 assets and liabilities.

For the period ended June 30, 2017, there were no Level 3 investments.

Amounts designated as “–” are $0 or have been rounded to $0.

The following is a summary of the transactions with affiliates for the period ended June 30, 2017 ($ Thousands):



Description	Shares		Market Value ($ Thousands)
COMMON STOCK – 95.8%
Consumer Discretionary – 17.0%
Amazon.com, Cl A *		45,364	$	43,912
Autozone *		28,136		16,050
Delphi Automotive		26,508		2,323
Dollar General		116,988		8,434
Dollar Tree *		98,973		6,920
Domino’s Pizza		54,860		11,604
Home Depot		89,798		13,775
Lear		14,224		2,021
Liberty Global, Cl A *		16,608		533
Liberty Global, Cl C *		138,000		4,303
Liberty Interactive QVC Group, Cl A *		330,671		8,115
Lowe’s		258,051		20,007
NetFlix *		92,671		13,846
Nike, Cl B		450,409		26,574
Priceline Group *		8,713		16,298
Tiffany		82,972		7,789
TJX		321,610		23,211
Tractor Supply		220,219		11,938
TripAdvisor *		101,830		3,890
Ulta Beauty *		13,127		3,772
Yum China Holdings *		39,355		1,552

				246,867

Consumer Staples – 4.7%
Colgate-Palmolive		273,695		20,289
Constellation Brands, Cl A		86,838		16,823
CVS Health		28,247		2,273
Dr Pepper Snapple Group		35,000		3,189
PepsiCo		197,826		22,847
Sysco, Cl A		60,237		3,031

				68,452

Energy – 0.3%
Oneok (A)		26,630		1,389
Pioneer Natural Resources		22,743		3,629

				5,018

Financials – 10.9%
Berkshire Hathaway, Cl B *		39,603		6,707
Charles Schwab		128,718		5,530
Citigroup		39,985		2,674
CME Group		81,521		10,210
Factset Research Systems		78,212		12,997
First Republic Bank		105,906		10,601
Goldman Sachs Group		10,001		2,219
Intercontinental Exchange		88,882		5,859
Moody’s		264,892		32,232
MSCI, Cl A		186,831		19,242
S&P Global		17,785		2,596
SunTrust Banks		74,417		4,221
SVB Financial Group, Cl B *		30,376		5,340



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
US Bancorp		305,676	$	15,871
Wells Fargo		382,471		21,193

				157,492

Health Care – 17.9%
Alexion Pharmaceuticals *		120,588		14,672
Allergan		15,142		3,681
Anthem		12,656		2,381
Becton Dickinson		178,929		34,911
Biogen *		84,454		22,917
Boston Scientific *		228,385		6,331
Celgene, Cl A *		165,510		21,495
Centene *		18,157		1,450
DENTSPLY SIRONA		22,395		1,452
Gilead Sciences		32,065		2,270
HCA Healthcare *		16,664		1,453
Johnson & Johnson		218,651		28,925
Mettler Toledo International *		45,281		26,650
Quintiles Transnational *		98,120		8,782
Regeneron Pharmaceuticals *		2,933		1,440
UnitedHealth Group		289,826		53,740
Varian Medical Systems *		144,112		14,871
Vertex Pharmaceuticals *		10,385		1,338
Zoetis, Cl A		170,967		10,665

				259,424

Industrials – 9.4%
3M		94,899		19,757
Acuity Brands		59,453		12,086
Boeing		25,893		5,120
Delta Air Lines, Cl A		112,494		6,045
Equifax		102,860		14,135
FedEx		26,747		5,813
Graco		174,098		19,026
Middleby *		121,315		14,741
Nielsen Holdings		123,557		4,777
Roper Technologies		34,714		8,037
Southwest Airlines, Cl A		36,781		2,286
TransDigm Group (A)		29,478		7,926
United Rentals *		15,316		1,726
United Technologies		128,623		15,706

				137,181

Information Technology – 28.9%
Activision Blizzard		178,792		10,293
Adobe Systems *		37,625		5,322
Advanced Micro Devices *(A)		263,231		3,285
Alibaba Group Holding ADR *(A)		29,323		4,132
Alphabet, Cl A *		41,767		38,830
Alphabet, Cl C *		20,792		18,894
Analog Devices		209,972		16,336
Apple		139,696		20,119



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Applied Materials		101,291	$	4,184
ASML Holding, Cl G (A)		96,860		12,622
Autodesk, Cl A *		113,669		11,460
Broadcom, Cl A		37,837		8,818
CDW		29,295		1,832
Cognizant Technology Solutions, Cl A		82,416		5,472
eBay *		224,120		7,826
Electronic Arts *		114,913		12,149
F5 Networks, Cl A *		10,872		1,381
Facebook, Cl A *		163,678		24,712
Fiserv, Cl A *		11,655		1,426
Global Payments		118,908		10,740
Intuit		78,955		10,486
KLA-Tencor		13,883		1,270
MasterCard, Cl A		280,712		34,092
Microsoft		769,050		53,011
NCR *		28,231		1,153
Nvidia		53,087		7,674
Oracle, Cl B		338,401		16,967
PayPal Holdings *		216,576		11,624
Skyworks Solutions		17,217		1,652
Snap, Cl A *(A)		97,504		1,733
Symantec, Cl A		170,353		4,812
Tencent Holdings ADR		358,106		12,878
Teradyne		115,589		3,471
Texas Instruments		55,464		4,267
Vantiv, Cl A *		47,292		2,996
Visa, Cl A		333,283		31,255

				419,174

Materials – 4.6%
Ecolab		97,013		12,878
LyondellBasell Industries, Cl A		28,606		2,414
Monsanto		26,306		3,114
Praxair		101,704		13,481
Sherwin-Williams, Cl A		97,631		34,265

				66,152

Real Estate – 2.0%
CBRE Group, Cl A *		38,651		1,407
Crown Castle International ^‡		69,757		6,989
Equinix ^‡		28,209		12,106
SBA Communications, Cl A *^‡		61,877		8,347

				28,849

Telecommunication Services – 0.1%
Zayo Group Holdings *		42,390		1,310

Total Common Stock (Cost $1,055,936) ($ Thousands)				1,389,919



Description	Shares		Market Value ($ Thousands)
AFFILIATED PARTNERSHIP – 1.3%
SEI Liquidity Fund, L.P. 1.080% **^†(B)		18,477,404	$	18,473

Total Affiliated Partnership (Cost $18,478) ($ Thousands)				18,473

CASH EQUIVALENT – 4.0%
SEI Daily Income Trust, Government Fund, Cl F 0.760%**^†		57,240,007		57,240

Total Cash Equivalent (Cost $57,240) ($ Thousands)				57,240

Total Investments – 101.1% (Cost $1,131,654) ($ Thousands) @			$	1,465,632

Percentages are based on Net Assets of $1,450,218 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of June 30, 2017.

^†	Investment in Affiliated Security.

^‡	Real Estate Investment Trust.

(A)	Certain securities or partial positions of certain securities are on loan at June 30, 2017. The total market value of securities on loan at June 30, 2017 was $18,153 ($ Thousands).

(B)	This security was purchased with cash collateral held from securities on loan. The total market value of such securities as of June 30, 2017 was $18,473 ($ Thousands).

ADR	– American Depositary Receipt

– Class

L.P.	– Limited Partnership

@ At June 30, 2017 the tax basis cost of the Fund’s investments was $1,131,654 ($ Thousands), and the unrealized appreciation and depreciation were $352,490 ($ Thousands) and $(18,512) ($ Thousands), respectively.


Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	1,389,919	$	–	$	–	$	1,389,919
Affiliated Partnership		–		18,473		–		18,473
Cash Equivalent		57,240		–		–		57,240

Total Investments in Securities	$	1,447,159	$	18,473	$	–	$	1,465,632

For the period ended June 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended June 30, 2017, there were no transfers from Level 2 into Level 3 assets and liabilities.

For the period ended June 30, 2017, there were no Level 3 investments.

Amounts designated as “–” are $0 or have been rounded to $0.

The following is a summary of the transactions with affiliates for the period ended June 30, 2017 ($ Thousands):



Description	Shares		Market Value ($ Thousands)
COMMON STOCK – 94.5%
Consumer Discretionary – 13.4%
Amazon.com, Cl A *		45,000	$	43,560
AMC Networks, Cl A *		18,854		1,007
Autozone *		46,373		26,454
Best Buy		186,465		10,690
Charter Communications, Cl A *		20,643		6,954
Chipotle Mexican Grill, Cl A *(A)		2,662		1,108
Comcast, Cl A		162,942		6,342
Darden Restaurants		34,626		3,131
Delphi Automotive		79,958		7,008
Dick’s Sporting Goods		116,670		4,647
Dollar General		387,947		27,967
Dollar Tree *		86,753		6,066
Domino’s Pizza		20,805		4,401
Foot Locker, Cl A		33,872		1,669
General Motors		94,123		3,288
Genuine Parts		61,780		5,731
Goodyear Tire & Rubber		22,375		782
Graham Holdings, Cl B		809		485
Hanesbrands (A)		189,483		4,388
Harley-Davidson, Cl A		30,157		1,629
Home Depot		177,115		27,169
International Game Technology		79,819		1,461
Interpublic Group		55,709		1,370
Kate Spade *		75,910		1,404
L Brands		211,304		11,387
Las Vegas Sands		22,879		1,462
Lear		115,549		16,417
Liberty Global, Cl C *		81,095		2,528
Liberty Interactive QVC Group, Cl A *		567,023		13,915
Lowe’s		373,866		28,986
Macy’s		67,900		1,578
Magna International, Cl A		129,268		5,989
Marriott International, Cl A		40,040		4,016
Murphy USA *		24,225		1,795
NetFlix *		65,622		9,805
Nike, Cl B		389,570		22,985
Norwegian Cruise Line Holdings *		285,518		15,501
NVR *		1,071		2,582
Omnicom Group		115,785		9,599
Priceline Group *		7,673		14,352
PulteGroup		504,441		12,374
PVH		50,924		5,831
Regal Entertainment Group, Cl A (A)		245,357		5,020
Ross Stores		84,479		4,877
Scripps Networks Interactive, Cl A		16,630		1,136
Starbucks		227,286		13,253
Target, Cl A		21,414		1,120
TEGNA		153,973		2,219
Tiffany		39,063		3,667
Time Warner		41,985		4,216
TJX		140,044		10,107



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Toll Brothers		94,549	$	3,736
TopBuild *		51,618		2,739
Tractor Supply		379,027		20,547
Tupperware Brands		42,037		2,952
Walt Disney		54,000		5,737
Whirlpool		68,064		13,042
Wyndham Worldwide		15,527		1,559
Yum China Holdings *		41,762		1,647

				477,387

Consumer Staples – 8.4%
Altria Group		96,491		7,186
Anheuser-Busch InBev ADR		85,244		9,407
Archer-Daniels-Midland		148,154		6,131
Bunge		31,232		2,330
Church & Dwight		39,102		2,029
Clorox		24,799		3,304
Coca-Cola		84,125		3,773
Colgate-Palmolive		383,540		28,432
Conagra Brands		49,133		1,757
Constellation Brands, Cl A		79,385		15,379
Costco Wholesale		89,408		14,299
CVS Health		344,280		27,701
Dr Pepper Snapple Group		61,036		5,561
Hershey		26,294		2,823
Ingredion		40,741		4,857
JM Smucker		50,490		5,974
Kimberly-Clark		111,006		14,332
Kraft Heinz		13,143		1,126
Kroger		530,992		12,383
Lamb Weston Holdings		16,377		721
Mondelez International, Cl A		24,475		1,057
PepsiCo		192,475		22,229
Philip Morris International		256,574		30,135
Pilgrim’s Pride *		55,865		1,224
Procter & Gamble		101,644		8,858
Reynolds American		201,671		13,117
Sysco, Cl A		41,302		2,079
Tyson Foods, Cl A		281,181		17,610
Walgreens Boots Alliance		184,087		14,416
Wal-Mart Stores		222,560		16,843

				297,073

Energy – 3.9%
Apache		108,119		5,182
BP ADR (A)		346,009		11,989
Canadian Natural Resources		278,313		8,027
Chevron		213,036		22,226
Concho Resources *		34,048		4,138
Devon Energy		273,875		8,756
ExxonMobil		164,776		13,302
Helmerich & Payne (A)		19,485		1,059



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Marathon Oil		290,425	$	3,441
Marathon Petroleum		237,204		12,413
Occidental Petroleum		170,289		10,195
Phillips 66		113,325		9,371
Royal Dutch Shell ADR, Cl A		182,043		9,683
Tesoro		31,376		2,937
Valero Energy		211,817		14,289
Williams		51,872		1,571

				138,579

Financials – 15.7%
Aflac		128,884		10,012
Allstate		59,438		5,257
Ally Financial		59,881		1,251
American Financial Group		39,790		3,954
American International Group		109,104		6,821
Ameriprise Financial		82,444		10,494
Assurant		122,808		12,734
Bank of America		1,809,125		43,889
BB&T		41,703		1,894
Berkshire Hathaway, Cl B *		93,247		15,793
Blackstone Group (B)		44,695		1,491
Capital One Financial		113,167		9,350
CIT Group		106,074		5,166
Citigroup		379,987		25,413
CME Group		77,815		9,746
Cullen/Frost Bankers (A)		37,402		3,512
Discover Financial Services		241,586		15,024
Donnelley Financial Solutions *		51,841		1,190
Everest Re Group		57,218		14,567
Factset Research Systems		66,353		11,027
Fifth Third Bancorp		478,279		12,416
Goldman Sachs Group		21,644		4,803
Hartford Financial Services Group		101,910		5,357
Huntington Bancshares		321,477		4,346
Intercontinental Exchange		250,350		16,503
Invesco		126,803		4,462
JPMorgan Chase		518,419		47,383
KeyCorp		816,571		15,303
KKR (B)		266,561		4,958
Lincoln National		182,558		12,337
Marsh & McLennan		102,651		8,003
MetLife		129,408		7,110
Moody’s		272,613		33,172
Morgan Stanley		311,935		13,900
MSCI, Cl A		107,585		11,080
PNC Financial Services Group		46,966		5,865
Popular		128,557		5,362
Principal Financial Group, Cl A		139,391		8,931
Progressive		44,272		1,952
Prudential Financial		112,425		12,158
Regions Financial		507,300		7,427



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Reinsurance Group of America, Cl A		61,098	$	7,844
S&P Global		16,362		2,389
Santander Consumer USA Holdings *		152,330		1,944
State Street		181,276		16,266
SunTrust Banks		142,000		8,054
Travelers		120,419		15,237
Unum Group		155,168		7,235
US Bancorp		228,766		11,878
Validus Holdings		28,272		1,469
Voya Financial		294,050		10,847
Wells Fargo		427,725		23,700

				558,276

Health Care – 16.2%
Abbott Laboratories		274,129		13,325
AbbVie		92,048		6,674
Aetna, Cl A		56,625		8,597
Akorn *		207,402		6,956
Alexion Pharmaceuticals *		115,876		14,099
Allergan		21,656		5,264
AmerisourceBergen, Cl A		162,560		15,367
Amgen, Cl A		145,948		25,137
Anthem		79,013		14,865
Baxter International		180,158		10,907
Becton Dickinson		281,078		54,841
Biogen *		109,633		29,750
Bioverativ *		47,853		2,879
C.R. Bard		30,808		9,739
Cardinal Health		72,515		5,650
Celgene, Cl A *		245,980		31,946
Centene *		83,877		6,700
Cigna		68,071		11,394
DENTSPLY SIRONA		30,779		1,996
Edwards Lifesciences, Cl A *		20,638		2,440
Gilead Sciences		120,443		8,525
HCA Healthcare *		109,165		9,519
Humana		44,504		10,709
Idexx Laboratories *		72,356		11,680
Intuitive Surgical *		2,806		2,625
Johnson & Johnson		416,232		55,063
McKesson		33,384		5,493
Medtronic		13,161		1,168
Merck		212,285		13,605
Mettler Toledo International *		45,948		27,042
Mylan *		81,948		3,181
Novo Nordisk ADR		152,089		6,523
Pfizer		706,138		23,719
Quest Diagnostics		12,728		1,415
Quintiles Transnational *		70,943		6,349
Regeneron Pharmaceuticals *		7,464		3,666
United Therapeutics *		47,682		6,186
UnitedHealth Group		394,675		73,181



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Varex Imaging *		30,650	$	1,036
Varian Medical Systems *		92,288		9,523
Zimmer Biomet Holdings		106,165		13,632
Zoetis, Cl A		63,768		3,978

				576,344

Industrials – 9.3%
3M		149,912		31,210
Acuity Brands (A)		36,829		7,487
AECOM *		38,691		1,251
AerCap Holdings *		175,578		8,152
AGCO		52,600		3,545
Alaska Air Group		108,695		9,756
American Airlines Group		152,350		7,666
Caterpillar, Cl A		47,565		5,111
Crane, Cl A		29,294		2,325
Cummins		24,737		4,013
Deere		31,142		3,849
Delta Air Lines, Cl A		373,873		20,092
Eaton		101,803		7,923
Equifax		63,903		8,782
FedEx		20,626		4,483
General Electric		224,840		6,073
Graco		180,771		19,755
Huntington Ingalls Industries, Cl A		41,706		7,764
Illinois Tool Works		190,252		27,254
Ingersoll-Rand		12,215		1,116
Lockheed Martin		35,370		9,819
LSC Communications		62,471		1,337
ManpowerGroup		22,232		2,482
Masco		65,371		2,498
Middleby *		32,022		3,891
Norfolk Southern		64,160		7,808
Northrop Grumman		63,975		16,423
Oshkosh Truck		98,940		6,815
Owens Corning		28,000		1,874
Raytheon		106,117		17,136
Roper Technologies		15,713		3,638
Southwest Airlines, Cl A		177,834		11,051
SPX *		169,689		4,269
Stanley Black & Decker		22,351		3,145
Terex		66,352		2,488
Trinity Industries		90,264		2,530
United Continental Holdings *		191,798		14,433
United Rentals *		13,833		1,559
United Technologies		81,889		10,000
USG * (A)		79,806		2,316
Waste Management		32,151		2,358
WW Grainger		73,817		13,326

				328,803



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Information Technology – 19.1%
Activision Blizzard		181,346	$	10,440
Adobe Systems *		137,412		19,436
Advanced Micro Devices *(A)		166,070		2,073
Alibaba Group Holding ADR *(A)		23,808		3,355
Alphabet, Cl A *		27,622		25,680
Alphabet, Cl C *		26,751		24,309
Amdocs		87,071		5,613
Analog Devices		12,739		991
Apple		321,205		46,260
Applied Materials		507,844		20,979
ASML Holding, Cl G		57,233		7,458
Automatic Data Processing		204,523		20,955
Broadcom, Cl A		27,141		6,325
Brocade Communications Systems		225,017		2,837
CA		42,468		1,464
Cars.com *(A)		51,324		1,367
Cisco Systems		488,328		15,285
Citrix Systems *		44,716		3,558
Cognizant Technology Solutions, Cl A		96,335		6,397
Corning, Cl B		234,159		7,036
DST Systems		23,270		1,436
DXC Technology		38,661		2,966
eBay *		461,918		16,130
Electronic Arts *		137,324		14,518
Facebook, Cl A *		209,203		31,585
Finisar *		58,797		1,528
Fiserv, Cl A *		8,059		986
Genpact		71,173		1,981
Global Payments		15,901		1,436
Harris		25,220		2,751
Hewlett Packard Enterprise		324,222		5,379
HP		580,192		10,142
Intel		570,596		19,252
International Business Machines		51,181		7,873
Intuit		156,005		20,719
Jabil Circuit		58,700		1,713
Juniper Networks		66,060		1,842
Keysight Technologies *		148,082		5,765
Lam Research		22,006		3,112
Marvell Technology Group		291,026		4,808
MasterCard, Cl A		372,740		45,269
Microchip Technology (A)		65,610		5,064
Micron Technology *		446,316		13,327
Microsoft		689,293		47,513
Motorola Solutions		24,057		2,087
Nvidia		20,616		2,980
Oracle, Cl B		267,111		13,393
PayPal Holdings *		279,222		14,986
Qualcomm		294,749		16,276
Red Hat *		16,812		1,610
salesforce.com *		15,984		1,384



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Seagate Technology (A)		112,151	$	4,346
ServiceNow *		18,268		1,936
Skyworks Solutions		150,967		14,485
Symantec, Cl A		184,559		5,214
Tech Data *		22,300		2,252
Telefonaktiebolaget LM Ericsson ADR (A)		905,989		6,496
Tencent Holdings ADR		375,591		13,506
Teradata *		50,205		1,481
Texas Instruments		211,061		16,237
VeriSign *(A)		91,384		8,495
Visa, Cl A		417,202		39,125
Vishay Intertechnology (A)		88,686		1,472
Western Digital		72,366		6,412
Xerox		69,876		2,007
Yelp, Cl A *		51,177		1,536
Zynga, Cl A *		227,798		829

				677,458

Materials – 4.5%
Cabot		99,097		5,295
Celanese, Cl A		28,298		2,687
Cemex ADR *		987,786		9,305
Crown Holdings *		105,232		6,278
Dow Chemical, Cl A		192,015		12,110
Eastman Chemical		109,370		9,186
Ecolab		52,198		6,929
Freeport-McMoRan, Cl B *		65,401		785
Huntsman		312,058		8,064
Ingevity *		14,131		811
International Paper		367,473		20,803
Louisiana-Pacific *		155,746		3,755
LyondellBasell Industries, Cl A		132,110		11,149
Monsanto		39,207		4,641
Nucor		46,516		2,692
Owens-Illinois *		225,590		5,396
Praxair		61,077		8,096
Reliance Steel & Aluminum		36,784		2,678
Sherwin-Williams, Cl A		97,568		34,242
Westlake Chemical		14,664		971
WestRock		84,787		4,804

				160,677

Real Estate – 1.7%
Brandywine Realty Trust ^‡		138,389		2,426
CBRE Group, Cl A *		41,173		1,499
Colony NorthStar, Cl A ^‡		161,161		2,271
Crown Castle International ^‡		198,875		19,923
Equinix ^‡		41,936		17,997
Hospitality Properties Trust ^‡		97,540		2,843
Host Hotels & Resorts ^‡		141,505		2,585
Outfront Media ^‡		39,497		913
Public Storage ^‡		4,106		856



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
SBA Communications, Cl A *^‡		53,836	$	7,263
Simon Property Group ^‡		6,723		1,088

				59,664

Telecommunication Services – 0.6%
AT&T		348,990		13,167
Verizon Communications		119,324		5,329
Zayo Group Holdings *		31,387		970

				19,466

Utilities – 1.7%
Ameren		113,300		6,194
American Electric Power		179,636		12,479
Centerpoint Energy		65,000		1,780
Consolidated Edison		24,376		1,970
Edison International		204,337		15,977
Entergy		36,104		2,772
Exelon		342,133		12,341
Public Service Enterprise Group		158,869		6,833

				60,346

Total Common Stock (Cost $1,925,824) ($ Thousands)				3,354,073


	Number of Rights
*RIGHTS – 0.0%**
Safeway CVR - PDC ^‡‡		107,954		5
Safeway CVR - Casa Ley ^‡‡		107,954		110

Total Rights (Cost $–) ($ Thousands)				115


	Shares
AFFILIATED PARTNERSHIP – 1.2%
SEI Liquidity Fund, L.P.
1.080% **^†(C)		44,100,621		44,091

Total Affiliated Partnership (Cost $44,101) ($ Thousands)				44,091



Description	Shares		Market Value ($ Thousands)
CASH EQUIVALENT – 5.5%
SEI Daily Income Trust, Government Fund, Cl F 0.760%**^†		195,461,533	$	195,462

Total Cash Equivalent (Cost $195,462) ($ Thousands)				195,462

Total Investments – 101.2% (Cost $2,165,387) ($ Thousands) @			$	3,593,741

A list of the open futures contracts held by the Fund at June 30, 2017, is as follows:

Type of Contract

Number of
Contracts
Long (Short)

Expiration
Date

Unrealized
Depreciation
($ Thousands)

S&P 500 Index E-MINI

105

Sep-2017

$(37)

S&P Mid Cap 400 Index E-MINI

Sep-2017

(1)

$(38)

Percentages are based on Net Assets of $3,551,237 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of June 30, 2017.

^†	Investment in Affiliated Security.

^‡	Real Estate Investment Trust.

^‡‡	Expiration date not available.

(A)	Certain securities or partial positions of certain securities are on loan at June 30, 2017. The total market value of securities on loan at June 30, 2017 was $43,074 ($ Thousands).

(B)	Security is a Master Limited Partnership. At June 30, 2017, such securities amounted to $6,449 ($ Thousands), or 0.2% of the net assets of the Fund.

(C)	This security was purchased with cash collateral held from securities on loan. The total market value of such securities as of June 30, 2017 was $44,091 ($ Thousands).

ADR – American Depositary Receipt

Cl – Class

CVR – Contingent Value Rights

L.P. – Limited Partnership

MSCI – Morgan Stanley Capital International

S&P – Standard & Poor’s

@ At June 30, 2017, the tax basis cost of the Fund’s investments was $2,165,387 ($ Thousands), and the unrealized appreciation and depreciation were $1,437,307 ($ Thousands) and $(8,953) ($ Thousands), respectively.

The following is a list of the levels of inputs used as of June 30, 2017 in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	3,354,073	$	–	$	–	$	3,354,073
Rights		–		115		–		115
Affiliated Partnership		–		44,091		–		44,091
Cash Equivalent		195,462		–		–		195,462

Total Investments in Securities	$	3,549,535	$	44,206	$	–	$	3,593,741


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Depreciation	$	(38)	$	—	$	—	$	(38)

Total Other Financial Instruments	$	(38)	$	—	$	—	$	(38)

*Futures contracts are valued at the unrealized depreciation on the instrument.

For the period ended June 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended June 30, 2017, there were no transfers from Level 2 into Level 3 assets and liabilities.

Amounts designated as “—” are $0 or have been rounded to $0.

The following is a summary of the transactions with affiliates for the period ended June 30, 2017 ($ Thousands):



Description	Shares		Market Value ($ Thousands)
COMMON STOCK – 97.9%
Consumer Discretionary – 12.2%
Advance Auto Parts		2,700	$	315
Amazon.com, Cl A *		14,349		13,890
Autonation *		2,426		102
Autozone *		994		567
Bed Bath & Beyond		5,533		168
Best Buy		9,654		553
BorgWarner		7,400		313
CarMax *		6,700		422
Carnival		14,984		982
CBS, Cl B		13,295		848
Charter Communications, Cl A *		7,800		2,627
Chipotle Mexican Grill, Cl A *(A)		1,004		418
Coach		10,119		479
Comcast, Cl A		170,296		6,628
Darden Restaurants		4,418		400
Delphi Automotive		9,700		850
Discovery Communications, Cl A *		5,600		145
Discovery Communications, Cl C *		7,600		192
DISH Network, Cl A *		8,100		508
Dollar General		9,100		656
Dollar Tree *		8,454		591
DR Horton		12,458		431
Expedia		4,355		649
Foot Locker, Cl A		4,700		232
Ford Motor		140,637		1,574
Gap		8,131		179
Garmin (A)		4,205		215
General Motors		49,113		1,716
Genuine Parts		5,336		495
Goodyear Tire & Rubber		9,093		318
H&R Block		7,613		235
Hanesbrands (A)		13,400		310
Harley-Davidson, Cl A		6,508		352
Hasbro		3,996		446
Hilton Worldwide Holdings		7,400		458
Home Depot		43,145		6,618
Interpublic Group		14,201		349
Johnson Controls International		33,809		1,466
Kohl’s		6,456		250
L Brands		8,727		470
Leggett & Platt		4,759		250
Lennar, Cl A		7,216		385
LKQ *		11,300		372
Lowe’s		31,149		2,415
Macy’s		11,264		262
Marriott International, Cl A		11,324		1,136
Mattel		12,531		270
McDonald’s		29,417		4,506
Michael Kors Holdings *		5,900		214
Mohawk Industries *		2,300		556
NetFlix *		15,500		2,316



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Newell Brands, Cl B		17,255	$	925
News, Cl A		13,975		191
News, Cl B		4,000		57
Nike, Cl B		47,694		2,814
Nordstrom (A)		4,007		192
Omnicom Group		8,404		697
O’Reilly Automotive *		3,300		722
Priceline Group *		1,763		3,298
PulteGroup		10,599		260
PVH		2,900		332
Ralph Lauren, Cl A		2,005		148
Ross Stores		14,136		816
Royal Caribbean Cruises		6,000		655
Scripps Networks Interactive, Cl A		3,500		239
Signet Jewelers		2,500		158
Staples		23,836		240
Starbucks		52,434		3,057
Target, Cl A		19,928		1,042
Tiffany		3,878		364
Time Warner		27,825		2,794
TJX		23,443		1,692
Tractor Supply		4,800		260
TripAdvisor *		3,955		151
Twenty-First Century Fox, Cl A		37,659		1,067
Twenty-First Century Fox, Cl B		17,400		485
Ulta Beauty *		2,100		603
Under Armour, Cl A *(A)		7,005		152
Under Armour, Cl C *		6,449		130
VF		11,865		683
Viacom, Cl B		12,601		423
Walt Disney		52,353		5,563
Whirlpool		2,705		518
Wyndham Worldwide		3,802		382
Wynn Resorts (A)		2,900		389
Yum! Brands		12,070		890

				93,488


Consumer Staples – 8.8%
Altria Group		69,773		5,196
Archer-Daniels-Midland		20,475		847
Brown-Forman, Cl B		6,492		316
Campbell Soup		6,884		359
Church & Dwight		9,100		472
Clorox		4,642		619
Coca-Cola		139,049		6,236
Colgate-Palmolive		31,695		2,350
Conagra Brands		14,965		535
Constellation Brands, Cl A		6,200		1,201
Costco Wholesale		15,818		2,530
Coty, Cl A		17,314		325
CVS Health		36,952		2,973
Dr Pepper Snapple Group		6,600		601



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Estee Lauder, Cl A		8,000	$	768
General Mills		20,786		1,152
Hershey		5,012		538
Hormel Foods		9,908		338
JM Smucker		4,153		491
Kellogg		9,067		630
Kimberly-Clark		12,803		1,653
Kraft Heinz		21,408		1,833
Kroger		33,336		777
McCormick		4,066		396
Molson Coors Brewing, Cl B		6,651		574
Mondelez International, Cl A		54,920		2,372
Monster Beverage *		14,554		723
PepsiCo		51,315		5,926
Philip Morris International		55,987		6,576
Procter & Gamble		92,008		8,019
Reynolds American		29,742		1,934
Sysco, Cl A		17,820		897
Tyson Foods, Cl A		10,403		652
Walgreens Boots Alliance		30,657		2,401
Wal-Mart Stores		53,261		4,031
Whole Foods Market		11,709		493


				67,734

Energy – 5.9%
Anadarko Petroleum, Cl A		20,185		915
Apache		13,600		652
Baker Hughes		15,249		831
Cabot Oil & Gas		16,913		424
Chesapeake Energy *(A)		28,422		141
Chevron		68,123		7,107
Cimarex Energy		3,504		329
Concho Resources *		5,300		644
ConocoPhillips		44,460		1,955
Devon Energy		18,713		598
EOG Resources		20,697		1,874
EQT		6,305		369
ExxonMobil		152,846		12,339
Halliburton		31,242		1,334
Helmerich & Payne (A)		3,805		207
Hess		9,575		420
Kinder Morgan		68,782		1,318
Marathon Oil		30,156		357
Marathon Petroleum		19,064		998
Murphy Oil		6,172		158
National Oilwell Varco, Cl A		13,468		444
Newfield Exploration *		7,400		211
Noble Energy		16,200		459
Occidental Petroleum		27,564		1,650
Oneok (A)		13,709		715
Phillips 66		15,875		1,313
Pioneer Natural Resources		6,104		974



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Range Resources		7,000	$	162
Schlumberger, Cl A		50,200		3,305
TechnipFMC *		16,600		452
Tesoro		5,500		515
Transocean *		14,300		118
Valero Energy		16,308		1,100
Williams		29,569		895

				45,283

Financials – 14.3%
Affiliated Managers Group		2,100		348
Aflac		14,417		1,120
Allstate		13,159		1,164
American Express		27,228		2,294
American International Group		31,630		1,978
Ameriprise Financial		5,584		711
Aon		9,429		1,254
Arthur J. Gallagher		6,500		372
Assurant		2,005		208
Bank of America		360,645		8,749
Bank of New York Mellon		37,199		1,898
BB&T		29,106		1,322
Berkshire Hathaway, Cl B *		68,517		11,605
BlackRock		4,361		1,842
Capital One Financial		17,266		1,427
CBOE Holdings		3,400		311
Charles Schwab		43,736		1,879
Chubb		16,734		2,433
Cincinnati Financial		5,383		390
Citigroup		99,651		6,665
Citizens Financial Group		18,200		649
CME Group		12,240		1,533
Comerica		6,392		468
Discover Financial Services		13,830		860
ETrade Financial		10,052		382
Everest Re Group		1,500		382
Fifth Third Bancorp		26,811		696
Franklin Resources		12,350		553
Goldman Sachs Group		13,365		2,966
Hartford Financial Services Group		13,386		704
Huntington Bancshares		38,714		523
Intercontinental Exchange		21,505		1,418
Invesco		14,600		514
JPMorgan Chase		128,500		11,745
KeyCorp		38,283		717
Leucadia National		11,913		312
Lincoln National		8,098		547
Loews		9,962		466
M&T Bank		5,525		895
Marsh & McLennan		18,459		1,439
MetLife		39,139		2,150
Moody’s		6,008		731



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Morgan Stanley		51,761	$	2,306
Nasdaq, Cl A		4,200		300
Navient		10,343		172
Northern Trust		7,709		749
People’s United Financial		12,600		223
PNC Financial Services Group		17,484		2,183
Principal Financial Group, Cl A		9,557		612
Progressive		20,785		916
Prudential Financial		15,466		1,673
Raymond James Financial		4,700		377
Regions Financial		43,063		630
S&P Global		9,321		1,361
State Street		12,891		1,157
SunTrust Banks		17,596		998
Synchrony Financial		27,563		822
T. Rowe Price Group		8,708		646
Torchmark, Cl A		4,039		309
Travelers		10,056		1,272
Unum Group		8,161		381
US Bancorp		57,323		2,976
Wells Fargo		162,015		8,977
Willis Towers Watson		4,621		672
XL Group		9,405		412
Zions Bancorporation		7,160		314

				109,058

Health Care – 13.9%
Abbott Laboratories		62,219		3,024
AbbVie		57,368		4,160
Aetna, Cl A		11,907		1,808
Agilent Technologies		11,515		683
Alexion Pharmaceuticals *		8,100		985
Align Technology *		2,700		405
Allergan		12,053		2,930
AmerisourceBergen, Cl A		5,896		557
Amgen, Cl A		26,529		4,569
Anthem		9,502		1,788
Baxter International		17,435		1,055
Becton Dickinson		8,158		1,592
Biogen *		7,800		2,117
Boston Scientific *		49,112		1,361
Bristol-Myers Squibb		60,192		3,354
C.R. Bard		2,588		818
Cardinal Health		11,359		885
Celgene, Cl A *		28,005		3,637
Centene *		6,200		495
Cerner *		10,500		698
Cigna		9,271		1,552
Cooper, Cl A		1,800		431
DaVita HealthCare Partners *		5,605		363
DENTSPLY SIRONA		8,309		539
Edwards Lifesciences, Cl A *		7,600		899



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Eli Lilly		34,939	$	2,875
Envision Healthcare *		4,368		274
Express Scripts Holding *		21,870		1,396
Gilead Sciences		47,066		3,331
HCA Healthcare *		10,405		907
Henry Schein *		2,900		531
Hologic *		10,000		454
Humana		5,401		1,300
Idexx Laboratories *		3,200		517
Illumina *		5,300		920
Incyte *		6,100		768
Intuitive Surgical *		1,320		1,235
Johnson & Johnson		97,554		12,905
Laboratory Corp of America Holdings *		3,663		565
Mallinckrodt *		3,504		157
McKesson		7,669		1,262
Medtronic		49,272		4,373
Merck		98,774		6,330
Mettler Toledo International *		900		530
Mylan *		16,615		645
Patterson (A)		2,900		136
PerkinElmer		4,040		275
Perrigo		5,104		385
Pfizer		215,256		7,230
Quest Diagnostics		4,924		547
Regeneron Pharmaceuticals *		2,700		1,326
Stryker		11,146		1,547
Thermo Fisher Scientific		14,052		2,452
UnitedHealth Group		34,628		6,421
Universal Health Services, Cl B		3,200		391
Varian Medical Systems *		3,405		351
Vertex Pharmaceuticals *		8,900		1,147
Waters *		2,897		533
Zimmer Biomet Holdings		7,260		932
Zoetis, Cl A		17,646		1,101

				106,754


Industrials – 10.1%
3M		21,501		4,476
Acuity Brands		1,600		325
Alaska Air Group		4,400		395
Allegion		3,470		281
American Airlines Group		18,209		916
Ametek		8,300		503
Arconic		15,678		355
Boeing		20,241		4,003
C.H. Robinson Worldwide		5,005		344
Caterpillar, Cl A		21,106		2,268
Cintas		3,112		392
CSX		33,372		1,821
Cummins		5,544		899
Danaher, Cl A		21,896		1,848



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Deere		10,506	$	1,298
Delta Air Lines, Cl A		26,213		1,409
Dover		5,537		444
Eaton		16,115		1,254
Emerson Electric		23,115		1,378
Equifax		4,330		595
Expeditors International of Washington		6,609		373
Fastenal, Cl A		10,309		449
FedEx		8,805		1,914
Flowserve		4,800		223
Fluor		5,144		235
Fortive		10,748		681
Fortune Brands Home & Security		5,600		365
General Dynamics		10,230		2,027
General Electric		313,809		8,476
Honeywell International		27,351		3,646
IHS Markit *		11,400		502
Illinois Tool Works		11,229		1,609
Ingersoll-Rand		9,304		850
Jacobs Engineering Group		4,404		240
JB Hunt Transport Services		3,100		283
Kansas City Southern		3,900		408
L3 Technologies		2,823		472
Lockheed Martin		9,036		2,508
Masco		11,568		442
Nielsen Holdings		12,000		464
Norfolk Southern		10,430		1,269
Northrop Grumman		6,323		1,623
PACCAR		12,591		832
Parker-Hannifin, Cl A		4,771		763
Pentair		5,966		397
Quanta Services *		5,400		178
Raytheon		10,573		1,707
Republic Services		8,283		528
Robert Half International		4,632		222
Rockwell Automation		4,630		750
Rockwell Collins		5,878		618
Roper Technologies		3,700		857
Snap-on		2,053		324
Southwest Airlines, Cl A		22,062		1,371
Stanley Black & Decker		5,540		780
Stericycle, Cl A *		3,104		237
Textron		9,607		452
TransDigm Group (A)		1,800		484
Union Pacific		29,293		3,190
United Continental Holdings *		10,300		775
United Parcel Service, Cl B		24,824		2,745
United Rentals *		3,100		349
United Technologies		26,976		3,294
Verisk Analytics, Cl A *		5,500		464
Waste Management		14,528		1,066
WW Grainger		1,965		355



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Xylem		6,600	$	366

				77,367

Information Technology – 21.8%
Accenture, Cl A		22,404		2,771
Activision Blizzard		24,800		1,428
Adobe Systems *		17,841		2,523
Advanced Micro Devices *(A)		28,200		352
Akamai Technologies *		6,304		314
Alliance Data Systems		2,000		513
Alphabet, Cl A *		10,746		9,990
Alphabet, Cl C *		10,770		9,787
Amphenol, Cl A		11,009		813
Analog Devices		13,071		1,017
Ansys *		3,100		377
Apple		188,082		27,087
Applied Materials		38,850		1,605
Autodesk, Cl A *		7,017		707
Automatic Data Processing		16,159		1,656
Broadcom, Cl A		14,446		3,367
CA		11,140		384
Cisco Systems		180,161		5,639
Citrix Systems *		5,642		449
Cognizant Technology Solutions, Cl A		21,905		1,454
Corning, Cl B		33,208		998
CSRA		5,138		163
DXC Technology		10,230		785
eBay *		36,449		1,273
Electronic Arts *		11,078		1,171
F5 Networks, Cl A *		2,400		305
Facebook, Cl A *		85,309		12,880
Fidelity National Information Services, Cl B		11,765		1,005
Fiserv, Cl A *		7,760		949
Flir Systems		4,800		166
Gartner *		3,300		408
Global Payments		5,500		497
Harris		4,500		491
Hewlett Packard Enterprise		59,591		989
HP		60,591		1,059
Intel		170,063		5,738
International Business Machines		30,833		4,743
Intuit		8,786		1,167
Juniper Networks		13,600		379
KLA-Tencor		5,671		519
Lam Research		5,822		823
MasterCard, Cl A		33,917		4,119
Microchip Technology (A)		8,304		641
Micron Technology *		37,369		1,116
Microsoft		278,489		19,196
Motorola Solutions		5,889		511
NetApp		9,785		392
Nvidia		21,465		3,103



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Oracle, Cl B		107,823	$	5,406
Paychex		11,569		659
PayPal Holdings *		40,449		2,171
Qorvo *		4,600		291
Qualcomm		53,154		2,935
Red Hat *		6,400		613
salesforce.com *		24,109		2,088
Seagate Technology (A)		10,500		407
Skyworks Solutions		6,604		634
Symantec, Cl A		22,147		626
Synopsys *		5,400		394
TE Connectivity		12,709		1,000
Texas Instruments		35,966		2,767
Total System Services		6,089		355
VeriSign *		3,200		297
Visa, Cl A		66,818		6,266
Western Digital		10,374		919
Western Union		17,034		324
Xerox		7,476		215
Xilinx		8,909		573

				166,759

Materials – 2.8%
Air Products & Chemicals		7,826		1,120
Albemarle		4,000		422
Avery Dennison		3,315		293
Ball		12,472		526
CF Industries Holdings		8,550		239
Dow Chemical, Cl A		40,192		2,535
E.I. Du Pont de Nemours		31,048		2,506
Eastman Chemical		5,220		438
Ecolab		9,434		1,252
FMC		4,800		351
Freeport-McMoRan, Cl B *		47,436		570
International Flavors & Fragrances		2,894		391
International Paper		14,874		842
LyondellBasell Industries, Cl A		11,804		996
Martin Marietta Materials, Cl A		2,300		512
Monsanto		15,757		1,865
Mosaic		12,809		292
Newmont Mining		19,025		616
Nucor		11,395		659
PPG Industries		9,290		1,022
Praxair		10,299		1,365
Sealed Air		7,128		319
Sherwin-Williams, Cl A		2,916		1,023
Vulcan Materials		4,749		602
WestRock		9,084		515

				21,271

Real Estate – 2.9%
Alexandria Real Estate Equities ^‡		3,200		385



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
American Tower, Cl A ^‡		15,400	$	2,038
Apartment Investment & Management, Cl A ^‡		5,839		251
AvalonBay Communities ^‡		4,908		943
Boston Properties ^‡		5,500		677
CBRE Group, Cl A *		10,909		397
Crown Castle International ^‡		13,004		1,303
Digital Realty Trust, Cl A ^‡		5,700		644
Equinix ^‡		2,756		1,183
Equity Residential ^‡		13,144		865
Essex Property Trust ^‡		2,400		617
Extra Space Storage ^‡		4,600		359
Federal Realty Investment Trust ^‡		2,600		329
GGP ^‡		20,800		490
HCP ^‡		16,700		534
Host Hotels & Resorts ^‡		26,374		482
Iron Mountain ^‡		8,938		307
Kimco Realty ^‡		15,613		286
Macerich ^‡		4,504		261
Mid-America Apartment Communities ^‡		4,100		432
ProLogis ^‡		19,100		1,120
Public Storage ^‡		5,433		1,133
Realty Income ^‡		9,800		541
Regency Centers ^‡		5,399		338
Simon Property Group ^‡		11,506		1,861
SL Green Realty ^‡		3,700		391
UDR ^‡		9,800		382
Ventas ^‡		12,732		885
Vornado Realty Trust ^‡		6,177		580
Welltower ^‡		13,000		973
Weyerhaeuser ^‡		27,061		907

				21,894

Telecommunication Services – 2.1%
AT&T		221,759		8,367
CenturyLink (A)		19,470		465
Level 3 Communications *		10,600		629
Verizon Communications		146,696		6,551

				16,012

Utilities – 3.1%
AES		24,390		271
Alliant Energy		8,400		337
Ameren		8,653		473
American Electric Power		17,615		1,224
American Water Works		6,400		499
Centerpoint Energy		15,585		427
CMS Energy		10,101		467
Consolidated Edison		10,933		884
Dominion Resources		22,540		1,727
DTE Energy		6,445		682
Duke Energy		25,116		2,100
Edison International		11,657		912



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Entergy		6,464	$	496
Eversource Energy		11,335		688
Exelon		33,355		1,203
FirstEnergy		15,823		461
NextEra Energy		16,820		2,357
NiSource		11,892		302
NRG Energy		11,613		200
PG&E		18,229		1,210
Pinnacle West Capital		3,949		336
PPL		24,471		946
Public Service Enterprise Group		18,130		780
SCANA		5,104		342
Sempra Energy		8,970		1,011
Southern		35,535		1,701
WEC Energy Group		11,319		695
Xcel Energy		18,136		832

				23,563

Total Common Stock (Cost $352,361) ($ Thousands)				749,183


	Face Amount (Thousands)
U.S. TREASURY OBLIGATIONS – 0.1%
U.S. Treasury Bills
1.076%, 12/07/2017 (B)	$	280		279
0.687%, 08/03/2017 (B)		527		526

Total U.S. Treasury Obligations (Cost $805) ($ Thousands)				805


	Shares
AFFILIATED PARTNERSHIP – 0.6%
SEI Liquidity Fund, L.P. 1.080% **^†(C)		4,530,801		4,530


Total Affiliated Partnership (Cost $4,531) ($ Thousands)				4,530

CASH EQUIVALENT – 1.8%
SEI Daily Income Trust, Government Fund, Cl F 0.760%**^†		13,616,924		13,617

Total Cash Equivalent (Cost $13,617) ($ Thousands)				13,617

Total Investments – 100.4% (Cost $371,314) ($ Thousands) @			$	768,135

A list of the open futures contracts held by the Fund at June 30, 2017, is as follows:

Type of Contract

Number of
Contracts
Long

Expiration Date

Unrealized
Depreciation
($ Thousands)

S&P 500 Index E-MINI

130

Sep-2017

(61)

Percentages are based on Net Assets of $764,999 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of June 30, 2017.

^†	Investment in Affiliated Security.

^‡	Real Estate Investment Trust.

(A)	This security or a partial position of this security is on loan at June 30, 2017. The total market value of securities on loan at June 30, 2017 was $ 4,429 ($ Thousands).

(B)	Security, or portion thereof, has been pledged as collateral on open futures contracts.

(C)	This security was purchased with cash collateral held from securities on loan. The total market value of such securities as of June 30, 2017 was $4,530 ($ Thousands).

Cl – Class

L.P. – Limited Partnership

S&P – Standard & Poor’s

@	At June 30, 2017, the tax basis cost of the Fund’s investments was $371,314 ($ Thousands), and the unrealized appreciation and depreciation were $404,497 ($ Thousands) and $(7,676) ($ Thousands), respectively.

The following is a list of the levels of inputs used as of June 30, 2017 in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	749,183	$	–	$	–	$	749,183
U.S. Treasury Obligations		–		805		–		805
Affiliated Partnership		–		4,530		–		4,530
Cash Equivalent		13,617		–		–		13,617

Total Investments in Securities	$	762,800	$	5,335	$	–	$	768,135


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Depreciation	$	(61)	$	–	$	–	$	(61)

Total Other Financial Instruments	$	(61)	$	–	$	–	$	(61)

*Futures contracts are valued at the unrealized depreciation on the instrument.

For the period ended June 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended June 30, 2017, there were no transfers from Level 2 into Level 3 assets and liabilities.

Amounts designated as “–” are $0 or have been rounded to $0.

The following is a summary of the transactions with affiliates for the period ended June 30, 2017 ($ Thousands):



Description	Shares		Market Value ($ Thousands)
COMMON STOCK – 93.2%
Consumer Discretionary – 11.9%
2U *		12,505	$	587
Adtalem Global Education (A)		27,140		1,030
Advance Auto Parts		12,165		1,418
AMC Entertainment Holdings, Cl A		105,878		2,409
American Axle & Manufacturing Holdings *		28,258		441
Big Lots (A)		56,227		2,716
Bloomin’ Brands		40,646		863
Boyd Gaming		39,065		969
Buffalo Wild Wings *		9,967		1,263
Capella Education		5,863		502
Century Communities *		33,203		823
Cheesecake Factory		42,060		2,116
Conn’s *(A)		31,744		606
Cooper Tire & Rubber		24,846		897
Cooper-Standard Holdings *		6,299		635
Core-Mark Holding, Cl A		61,405		2,030
CROCS *		51,875		400
Dana		61,894		1,382
Dave & Buster’s Entertainment *		25,922		1,724
Dick’s Sporting Goods		18,313		729
Fossil Group *		16,319		169
Gannett		72,253		630
Gentherm *		18,385		713
Goodyear Tire & Rubber		15,742		550
Grand Canyon Education *		11,649		913
Group 1 Automotive		8,000		507
Hibbett Sports *		22,942		476
Jack in the Box		29,031		2,860
K12 *		26,771		480
LCI Industries		13,173		1,349
Lear		3,854		548
Libbey		80,399		648
LKQ *		74,206		2,445
Lumber Liquidators Holdings *(A)		44,785		1,122
MDC Partners, Cl A		149,944		1,485
Modine Manufacturing *		33,473		554
Monro Muffler		44,922		1,876
NACCO Industries, Cl A		153		11
Nexstar Broadcasting Group, Cl A		12,366		740
Nutrisystem		10,129		527
Office Depot		119,622		675
Ollie’s Bargain Outlet Holdings *		13,997		596
Oxford Industries, Cl A		12,420		776
Party City Holdco *(A)		50,897		797
PetMed Express (A)		17,511		711
Planet Fitness, Cl A		23,223		542
Polaris Industries (A)		11,850		1,093
Pool		17,852		2,099
Red Robin Gourmet Burgers *		31,039		2,025
Sequential Brands Group *(A)		104,870		418
Shoe Carnival		19,079		398



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Shutterfly *		19,587	$	930
Signet Jewelers		7,798		493
Six Flags Entertainment		25,778		1,537
Skechers U.S.A., Cl A *		73,958		2,182
Strayer Education		10,504		979
Tenneco		9,985		577
TopBuild *		10,751		571
Tower International		23,358		524
Tractor Supply		27,616		1,497
Vail Resorts		12,195		2,474
Visteon *		15,475		1,579
Wayfair, Cl A *(A)		8,695		669
Weight Watchers International *(A)		26,685		892
WideOpenWest *		33,293		579
William Lyon Homes, Cl A *		101,623		2,453
Wolverine World Wide		35,286		988

				71,197

Consumer Staples – 2.7%
Andersons		17,988		614
B&G Foods, Cl A		16,443		585
Central Garden & Pet, Cl A *		38,491		1,156
Dean Foods		31,055		528
Fresh Del Monte Produce		17,919		912
Hain Celestial Group *		40,156		1,559
Hostess Brands, Cl A *		232,852		3,749
Landec *		40,217		597
Omega Protein		61,017		1,092
Performance Food Group *		30,671		840
Sanderson Farms		19,699		2,278
Snyder’s-Lance (A)		46,956		1,626
SpartanNash		16,889		439
SUPERVALU *		114,535		377

				16,352

Energy – 2.8%
Ardmore Shipping (A)		71,555		583
Atwood Oceanics, Cl A *		41,944		342
Bill Barrett *		83,827		257
Callon Petroleum *		57,835		614
Carrizo Oil & Gas *		36,360		633
Eclipse Resources *		176,317		504
Extraction Oil & Gas *(A)		27,663		372
Forum Energy Technologies *		40,977		639
Gulfport Energy *		201,768		2,976
Matrix Service *		68,273		638
Oil States International *		25,289		687
Pacific Ethanol *		82,374		515
Patterson-UTI Energy		26,250		530
PBF Energy, Cl A (A)		96,808		2,155
REX American Resources *		5,273		509
Scorpio Tankers		203,416		808



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Select Energy Services, Cl A *(A)		38,065	$	463
Southwestern Energy *		260,091		1,581
StealthGas *		99,434		323
TETRA Technologies *		260,887		728
Westmoreland Coal *		37,937		185
Whiting Petroleum *		111,645		615

				16,657

Financials – 15.3%
American Equity Investment Life Holding		136,567		3,589
Ameris Bancorp		16,567		799
Argo Group International Holdings		35,350		2,142
Aspen Insurance Holdings		15,088		752
Assured Guaranty		36,938		1,542
Axis Capital Holdings		14,697		950
Bancorp *		117,391		890
Bank of the Ozarks		65,565		3,073
BofI Holding *(A)		39,542		938
Capitol Federal Financial		156,481		2,224
Central Pacific Financial		80,752		2,541
Chemical Financial (A)		30,037		1,454
CNO Financial Group		122,376		2,555
Commerce Bancshares		10,060		572
Customers Bancorp *		21,429		606
Employers Holdings		16,467		697
Everest Re Group		10,649		2,711
Federal Agricultural Mortgage, Cl C		13,782		892
Fidelity Southern		1,096		25
First BanCorp Puerto Rico *		101,935		590
First Citizens BancShares, Cl A		4,150		1,547
First Commonwealth Financial		195,069		2,473
First Foundation *		58,584		963
FirstCash		10,097		589
FNB (Pennsylvania)		247,262		3,501
FNFV Group *		35,817		566
Franklin Financial Network *		19,649		811
Fulton Financial		125,686		2,388
Great Western Bancorp		82,008		3,347
Green Dot, Cl A *		60,402		2,327
Hanover Insurance Group, Cl A		8,995		797
Heartland Financial USA		22,911		1,079
HFF, Cl A		17,726		616
HomeStreet *		27,486		761
IBERIABANK		26,101		2,127
Independent Bank Group		15,610		929
International. FCStone *		20,627		779
Investors Bancorp		58,543		782
KCG Holdings, Cl A *		29,847		595
Kemper, Cl A		28,693		1,108
Legg Mason		15,234		581
LendingTree *		3,283		565
LPL Financial Holdings		12,910		548



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Maiden Holdings		48,302	$	536
Meridian Bancorp		88,391		1,494
MGIC Investment *		63,913		716
Moelis, Cl A		27,992		1,087
National Bank Holdings, Cl A		26,957		893
National Western Life Group, Cl A		1,782		570
Northfield Bancorp		61,928		1,062
OFG Bancorp		238,122		2,381
Old National Bancorp, Cl A		50,460		870
PJT Partners		19,372		779
Popular		63,558		2,651
Preferred Bank		23,711		1,268
ProAssurance		10,285		625
Raymond James Financial		7,195		577
RenaissanceRe Holdings		5,469		760
Selective Insurance Group		46,593		2,332
State Bank Financial		59,302		1,608
Sterling Bancorp		24,672		574
Umpqua Holdings		91,520		1,680
United Fire Group		11,803		520
Validus Holdings		17,862		928
Voya Financial		24,910		919
Waddell & Reed Financial, Cl A (A)		35,313		667
Walker & Dunlop *		18,817		919
Western Alliance Bancorp *		24,240		1,193
Wintrust Financial		62,485		4,776

				91,706

Health Care – 14.0%
Acadia Healthcare, Cl A *(A)		89,189		4,404
Accuray *		127,729		607
Achaogen *(A)		21,527		468
Aerie Pharmaceuticals *		25,700		1,351
Akebia Therapeutics *		34,209		492
Allscripts Healthcare Solutions *		93,209		1,189
AMAG Pharmaceuticals *		108,529		1,997
AMN Healthcare Services *		95,029		3,711
Avadel Pharmaceuticals ADR *		121,775		1,343
Avexis *(A)		7,631		627
AxoGen *		36,049		604
BioMarin Pharmaceuticals *		13,111		1,191
BioTelemetry *		20,407		683
Cambrex *		11,193		669
Capital Senior Living *		141,869		2,158
Cara Therapeutics *(A)		25,466		392
Cardiovascular Systems *		18,411		593
Clovis Oncology *		16,143		1,511
Cutera *		22,441		581
Emergent BioSolutions *		45,496		1,543
Esperion Therapeutics *(A)		13,852		641
Exact Sciences *		20,216		715
Exelixis *		40,505		998



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Global Blood Therapeutics *		14,829	$	406
GlycoMimetics *		40,843		456
Halyard Health *		15,099		593
Immunomedics *(A)		81,564		720
Integer Holdings *		13,897		601
Integra LifeSciences Holdings *		56,164		3,061
Intercept Pharmaceuticals *		4,731		573
Intersect ENT *		22,200		620
Keryx Biopharmaceuticals *(A)		98,043		709
Kite Pharma *(A)		6,321		655
Lannett *(A)		127,570		2,602
LHC Group *		17,851		1,212
Ligand Pharmaceuticals *(A)		52,286		6,348
Loxo Oncology *		9,224		740
Mallinckrodt *		14,745		661
Medidata Solutions *		8,086		632
Merit Medical Systems *		16,591		633
Molina Healthcare *		24,159		1,671
Myriad Genetics *(A)		25,319		654
Nektar Therapeutics, Cl A *		127,147		2,486
NeoGenomics *		118,833		1,065
NuVasive *		7,273		559
Omeros *(A)		21,315		424
Omnicell *		14,633		631
OraSure Technologies *		37,870		654
Owens & Minor		15,843		510
Pacira Pharmaceuticals *		17,921		855
Paratek Pharmaceuticals *		23,516		567
PDL BioPharma		181,096		447
Penumbra *		6,236		547
Portola Pharmaceuticals, Cl A *		9,797		550
PRA Health Sciences *		30,310		2,274
Prestige Brands Holdings, Cl A *		81,450		4,301
Progenics Pharmaceuticals *		61,467		417
REGENXBIO *		25,346		501
Supernus Pharmaceuticals *		89,710		3,866
Tactile Systems Technology *(A)		20,653		590
Teladoc *		20,636		716
Teleflex		14,115		2,933
TG Therapeutics *(A)		41,339		415
Tivity Health *		16,591		661
Trinity Biotech ADR *		130,160		781
Triple-S Management, Cl B *		30,403		514
United Therapeutics *		4,518		586
VCA *		31,638		2,920
WellCare Health Plans *		6,610		1,187

				83,972

Industrials – 15.3%
ACCO Brands *		70,011		816
Advisory Board *		27,548		1,419
Alaska Air Group		6,542		587



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Altra Industrial Motion		16,026	$	638
American Woodmark *		6,080		581
Apogee Enterprises (A)		60,123		3,417
ARC Document Solutions *		136,300		567
ArcBest		30,654		631
Astec Industries		9,372		520
Atlas Air Worldwide Holdings *		41,745		2,177
Babcock & Wilcox Enterprises *		56,930		670
Barnes Group		25,546		1,495
BMC Stock Holdings *		67,821		1,482
Brink’s		18,612		1,247
BWX Technologies, Cl W		51,997		2,535
Celadon Group (A)		78,429		247
Covanta Holding (A)		22,931		303
Crane, Cl A		36,268		2,879
Curtiss-Wright		26,938		2,472
Deluxe (A)		45,532		3,152
DXP Enterprises *		14,388		496
EMCOR Group		18,120		1,185
Ennis		29,919		571
EnPro Industries		7,878		562
Esterline Technologies *		26,161		2,480
FreightCar America, Cl A		43,724		760
Global Brass & Copper Holdings		29,074		888
Granite Construction		34,363		1,658
Great Lakes Dredge & Dock *		329,415		1,416
Greenbrier (A)		18,088		837
Huntington Ingalls Industries, Cl A		3,200		596
Huron Consulting Group *		25,104		1,085
Hyster-Yale Materials Handling		7,639		537
ICF International, Cl A *		15,292		720
InnerWorkings *		51,724		600
ITT		24,510		985
JetBlue Airways *		48,138		1,099
John Bean Technologies, Cl A		6,103		598
Kadant		11,415		858
KBR		36,439		555
Kelly Services, Cl A		23,002		516
KeyW Holding, Cl A *(A)		65,316		611
Kratos Defense & Security Solutions *		59,414		705
LB Foster, Cl A		87,136		1,869
LSC Communications		25,175		539
Masonite International *		55,434		4,185
MasTec *		71,088		3,210
Mercury Systems *		14,067		592
MRC Global *		34,381		568
MSA Safety		7,550		613
On Assignment *		82,168		4,449
Orion Group Holdings *		68,970		515
Oshkosh Truck		8,457		583
Owens Corning		8,760		586
Rush Enterprises, Cl A *		26,555		987



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Saia *		19,667	$	1,009
Skywest		18,139		637
Spirit Airlines *		10,058		520
Supreme Industries, Cl A		30,057		494
Swift Transportation, Cl A *(A)		38,501		1,020
Team *		27,086		635
Tetra Tech		86,652		3,964
Titan Machinery *		34,681		624
TransDigm Group (A)		7,724		2,077
Triton International		19,687		658
Triumph Group (A)		25,600		809
TrueBlue *		20,398		541
Tutor Perini *		37,836		1,088
Univar *		17,750		518
Vectrus *		25,498		824
Viad		12,751		603
Wabash National (A)		28,184		619
WageWorks *		50,925		3,422
XPO Logistics *		72,266		4,671

				91,582


Information Technology – 20.6%
Acacia Communications *(A)		9,936		412
ACI Worldwide *		61,025		1,365
Acxiom *		127,908		3,323
Advanced Energy Industries *		7,064		457
Aerohive Networks *		105,155		526
Alarm.com Holdings *		16,911		636
Amkor Technology *		65,854		643
Anixter International *		7,258		568
Applied Optoelectronics *(A)		7,717		477
Arrow Electronics, Cl A *		6,986		548
Axcelis Technologies *		28,173		590
AXT *		82,222		522
Bazaarvoice *		97,252		481
Benchmark Electronics *		16,609		536
Black Box		57,084		488
Blackhawk Network Holdings, Cl A *(A)		103,924		4,531
Blucora *		40,812		865
Bottomline Technologies *(A)		39,737		1,021
Brooks Automation		25,625		556
Cabot Microelectronics		12,334		911
CalAmp *		198,155		4,029
Callidus Software *		151,597		3,669
Carbonite *		23,596		514
Cavium *		49,266		3,061
CEVA, Cl A *		13,035		592
Cimpress *(A)		17,638		1,667
Cirrus Logic *		8,560		537
Convergys		23,018		547
Cornerstone OnDemand *		64,673		2,312
CoStar Group *		2,906		766



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Criteo ADR *(A)		71,691	$	3,516
Cypress Semiconductor (A)		108,863		1,486
Diebold		25,399		711
Echo Global Logistics *(A)		30,739		612
Electronics For Imaging *		49,100		2,326
EPAM Systems *		6,915		581
Everbridge *		24,515		597
Extreme Networks *		65,065		600
Finisar *		107,442		2,791
FireEye *(A)		210,934		3,208
Five9 *		103,394		2,225
Gartner *		6,949		858
GrubHub *		12,364		539
GTT Communications *		18,599		589
Ichor Holdings *		22,611		456
II-VI *		28,150		966
Impinj *(A)		10,059		489
Insight Enterprises *		19,060		762
Instructure *		22,561		666
Integrated Device Technology *		123,407		3,183
IPG Photonics *		3,892		565
Itron *		11,459		776
j2 Global		23,016		1,958
Littelfuse		9,673		1,596
LivePerson *		56,096		617
Lumentum Holdings *		9,028		515
MAXIMUS		78,694		4,929
MaxLinear, Cl A *		38,268		1,067
Mellanox Technologies *(A)		27,743		1,201
Methode Electronics		15,950		657
MINDBODY, Cl A *(A)		22,247		605
MKS Instruments		23,283		1,567
Nanometrics *		25,685		650
NETGEAR *		12,783		551
NeuStar, Cl A *		27,230		908
New Relic *		12,836		552
Novanta *		15,953		574
Nuance Communications *		39,431		687
ON Semiconductor *		230,872		3,241
PDF Solutions *		95,479		1,571
Pegasystems		9,705		566
Proofpoint *(A)		26,016		2,259
PROS Holdings *		18,649		511
Q2 Holdings *		14,528		537
QAD, Cl A		17,951		575
RingCentral, Cl A *		16,798		614
Rudolph Technologies *		13,643		312
Sanmina *		70,467		2,685
Scansource *		18,833		759
Science Applications International		9,118		633
Semtech *		15,231		545
Shutterstock *		20,055		884



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Stamps.com *(A)		25,721	$	3,984
STMicroelectronics, Cl Y (A)		180,147		2,591
SuperCom *		79,000		252
Sykes Enterprises *		19,228		645
Synaptics *(A)		14,386		744
SYNNEX		7,471		896
Tech Data *		26,711		2,698
Trade Desk, Cl A *		10,248		514
TrueCar *(A)		186,704		3,721
Ultra Clean Holdings *		45,757		858
Universal Display		4,568		499
Varonis Systems *		15,826		589
Veeco Instruments *		17,003		474
VeriFone Holdings *		130,718		2,366
Viavi Solutions *		57,606		607
Web.com Group *		24,092		610
WNS Holdings ADR *		27,049		929
Zebra Technologies, Cl A *		6,200		623

				123,578

Materials – 3.4%
Allegheny Technologies (A)		35,100		597
Avery Dennison		6,631		586
Boise Cascade *		19,841		603
Cabot		12,564		671
Commercial Metals, Cl A		60,120		1,168
Ferro *		31,309		573
Ferroglobe		88,773		1,061
Ferroglobe Representation *		56,257		–
FutureFuel		3,082		46
Ingevity *		12,914		741
Innophos Holdings		12,621		553
KMG Chemicals		10,284		500
Kraton *		22,232		766
LSB Industries *(A)		137,427		1,420
Minerals Technologies		10,499		769
Owens-Illinois *		28,481		681
Rayonier Advanced Materials		46,981		739
Real Industry *		90,975		264
Reliance Steel & Aluminum		9,744		709
Schulman A		19,536		625
Silgan Holdings		31,492		1,001
Steel Dynamics		15,472		554
Stepan		1,464		128
SunCoke Energy *		44,914		490
United States Steel		85,503		1,893
US Concrete *(A)		39,292		3,086

				20,224

Real Estate – 4.1%
Agree Realty ^‡		12,876		591
Alexander’s ^‡		1,310		552



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Armada Hoffler Properties ^‡		47,903	$	620
Brandywine Realty Trust ^‡		56,167		985
Camden Property Trust ^‡		9,727		832
CBL & Associates Properties ^‡(A)		67,379		568
Cedar Realty Trust ^‡		115,856		562
Chesapeake Lodging Trust ^‡		80,627		1,973
Colony Starwood Homes ^‡		34,894		1,197
DiamondRock Hospitality ^‡		100,332		1,099
EPR Properties, Cl A ^‡		8,532		613
Equity Commonwealth *^‡		85,319		2,696
Four Corners Property Trust ^‡		21,960		551
GEO Group ^‡		17,316		512
Gramercy Property Trust		42,835		1,273
Hersha Hospitality Trust, Cl A ^‡		28,539		528
Kennedy-Wilson Holdings		43,479		828
LaSalle Hotel Properties ^‡		19,111		569
Life Storage ^‡		9,084		673
Medical Properties Trust ^‡		167,047		2,150
Outfront Media ^‡		24,088		557
RLJ Lodging Trust ^‡		54,594		1,085
STAG Industrial ^‡		40,529		1,119
Two Harbors Investment ^‡		117,438		1,164
UMH Properties ^‡		38,080		649
Washington Prime Group ^‡		55,419		464

				24,410

Telecommunication Services – 0.2%
Boingo Wireless *		34,869		522
IDT, Cl B		34,545		496
Windstream Holdings (A)		55,749		216

				1,234

Utilities – 2.9%
ALLETE		46,399		3,326
Cadiz *(A)		46,300		625
El Paso Electric, Cl A		10,749		556
Idacorp, Cl A		24,107		2,057
NorthWestern		12,860		785
ONE Gas		9,953		695
PNM Resources		41,802		1,599
Portland General Electric		39,233		1,792
Southwest Gas Holdings		28,148		2,056
Spire		29,777		2,077
UGI		30,815		1,492

				17,060

Total Common Stock (Cost $493,974) ($ Thousands)				557,972



Description	Number of Rights		Market Value ($ Thousands)
*RIGHTS – 0.0%**
Allos Therapeutics ^‡‡		45,500	$	–
Total Rights (Cost $–) ($ Thousands)				–

	Shares
AFFILIATED PARTNERSHIP – 10.6%

SEI Liquidity Fund, L.P. 1.080% **^†(B)		63,645,352		63,630

Total Affiliated Partnership (Cost $63,645) ($ Thousands)				63,630

CASH EQUIVALENT – 6.5%

SEI Daily Income Trust, Government Fund, Cl F 0.760%**^†		39,098,864		39,099

Total Cash Equivalent (Cost $39,099) ($ Thousands)				39,099
Total Investments – 110.3% (Cost $596,718) ($ Thousands) @			$	660,701

A list of the open futures contracts held by the Fund at June 30, 2017, is as follows:

Type of Contract

Number of
Contracts
Long

Expiration Date

Unrealized
Appreciation
($ Thousands)

Russell 2000 Index E-MINI

211

Sep-2017

Percentages are based on Net Assets of $598,816 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of June 30, 2017.

^†	Investment in Affiliated Security.

^‡	Real Estate Investment Trust.

^‡‡	Expiration date not available.

(A)	Certain securities or partial positions of certain securities are on loan at June 30, 2017. The total market value of securities on loan at June 30, 2017 was $62,151 ($ Thousands).

(B)	This security was purchased with cash collateral held from securities on loan. The total market value of such securities as of June 30, 2017 was $63,630 ($ Thousands).

ADR – American Depositary Receipt

Cl – Class

L.P. – Limited Partnership

@ At June 30, 2017, the tax basis cost of the Fund’s investments was $596,718 ($ Thousands), and the unrealized appreciation and depreciation were $87,464 ($ Thousands) and $(23,481) ($Thousands), respectively.

The following is a list of the levels of inputs used as of June 30, 2017 in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	557,972	$	–	$	–	$	557,972
Rights		–		–		–		–
Affiliated Partnership		–		63,630		–		63,630
Cash Equivalent		39,099		–		–		39,099

Total Investments in Securities	$	597,071	$	63,630	$	–	$	660,701


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Appreciation	$	8	$	–	$	–	$	8

Total Other Financial Instruments	$	8	$	–	$	–	$	8

*Futures contracts are valued at the unrealized appreciation on the instrument.

For the period ended June 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended June 30, 2017, there were no transfers from Level 2 into Level 3 assets and liabilities.

Amounts designated as “–” are $0 or have been rounded to $0.

The following is a summary of the transactions with affiliates for the period ended June 30, 2017 ($ Thousands):



Description	Shares		Market Value ($ Thousands)
COMMON STOCK – 94.0%
Consumer Discretionary – 8.9%
Aaron’s		26,390	$	1,027
Adtalem Global Education		18,689		709
American Axle & Manufacturing Holdings *		25,254		394
American Outdoor Brands *(A)		18,394		408
American Public Education *		15,575		368
Beazer Homes USA, Cl A *		24,155		331
Big 5 Sporting Goods		24,367		318
Big Lots (A)		44,404		2,145
Bloomin’ Brands		47,711		1,013
Boyd Gaming		35,491		880
Brinker International		10,154		387
Capella Education		3,910		335
Century Communities *		36,362		902
Children’s Place		3,303		337
Cooper Tire & Rubber (A)		16,692		603
Cooper-Standard Holdings *		12,396		1,250
CSS Industries		19,629		513
Dana		115,149		2,571
Deckers Outdoor *		3,731		255
Dick’s Sporting Goods		16,255		647
Express *		47,705		322
Finish Line, Cl A		21,700		307
Gentherm *		17,492		679
Goodyear Tire & Rubber		10,433		365
Group 1 Automotive		6,422		407
Haverty Furniture		23,891		600
Jack in the Box		3,471		342
K12 *		18,120		325
Lear		2,522		358
Libbey		61,102		492
Lithia Motors, Cl A		13,124		1,237
Lumber Liquidators Holdings *(A)		19,790		496
MDC Partners, Cl A		56,323		558
Modine Manufacturing *		28,696		475
Murphy USA *(A)		6,462		479
Nexstar Broadcasting Group, Cl A		13,532		809
Office Depot		235,475		1,328
Party City Holdco *(A)		39,118		612
Rent-A-Center (A)		28,363		332
Sequential Brands Group *(A)		89,081		355
Shoe Carnival		13,927		291
Signet Jewelers (A)		8,030		508
Six Flags Entertainment		27,891		1,663
Skechers U.S.A., Cl A *		63,416		1,871
Sonic Automotive, Cl A		14,700		286
Stoneridge *		23,900		368
Tower International		15,821		355
Vera Bradley *		21,900		214
Visteon *		4,677		477
Wendy’s		73,744		1,144
WideOpenWest *		21,623		376



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Wolverine World Wide		25,476	$	714

				34,538


Consumer Staples – 3.6%
Andersons		9,893		338
B&G Foods, Cl A (A)		12,680		451
Central Garden & Pet, Cl A *		43,936		1,319
Fresh Del Monte Produce		22,165		1,128
HRG Group *		45,585		807
Ingles Markets, Cl A		9,983		333
Lamb Weston Holdings		22,055		971
Landec *		29,720		441
Omega Protein		51,369		920
Performance Food Group *		24,737		678
Pilgrim’s Pride *		14,971		328
Pinnacle Foods		30,694		1,823
Sanderson Farms (A)		20,697		2,394
SpartanNash		32,003		831
SUPERVALU *		118,570		390
Universal		12,549		812

				13,964


Energy – 4.5%
Ardmore Shipping (A)		50,480		411
Atwood Oceanics, Cl A *		43,440		354
Callon Petroleum *		153,848		1,632
Forum Energy Technologies *		34,847		544
Gulfport Energy *		140,834		2,077
Matrix Service *		55,968		523
McDermott International *		66,633		478
Oil States International *(A)		22,383		608
Pacific Ethanol *		75,746		473
Parsley Energy, Cl A *		56,415		1,566
Patterson-UTI Energy		25,591		517
PBF Energy, Cl A (A)		108,433		2,414
Renewable Energy Group *		36,223		469
REX American Resources *		3,959		382
RSP Permian *		25,649		828
Scorpio Tankers		114,784		456
Smart Sand *		25,743		229
Southwestern Energy *		214,215		1,302
StealthGas *		108,300		352
Tesoro		5,412		507
TETRA Technologies *		167,183		467
Westmoreland Coal *		40,519		197
Whiting Petroleum *		97,890		539

				17,325

Financials – 27.2%
1st Source		8,992		431
AG Mortgage Investment Trust ^‡		20,461		374
American Equity Investment Life Holding		114,229		3,002



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Ameris Bancorp		16,637	$	802
Argo Group International Holdings		31,177		1,889
Aspen Insurance Holdings		33,947		1,692
Assured Guaranty		21,835		911
Axis Capital Holdings		9,760		631
Banc of California		16,595		357
BancFirst		6,270		606
Banco Latinoamericano de Comercio Exterior, Cl E		20,311		556
Bancorp *		105,300		798
Berkshire Hills Bancorp		16,845		592
BGC Partners, Cl A		172,378		2,179
BlackRock Capital Investment		51,618		387
Camden National		19,831		851
Capitol Federal Financial		98,746		1,403
Central Pacific Financial		69,715		2,194
Chemical Financial		16,193		784
CNO Financial Group		137,691		2,875
Columbia Banking System		70,409		2,806
Community Trust Bancorp		18,404		805
Customers Bancorp *		12,148		344
Everest Re Group		6,624		1,686
Federal Agricultural Mortgage, Cl C		19,362		1,253
Fidelity Southern		38,251		874
First BanCorp Puerto Rico *		88,371		512
First Busey		17,533		514
First Commonwealth Financial		234,325		2,971
First Community Bancshares		17,875		489
First Foundation *		29,563		486
First Interstate BancSystem, Cl A		23,250		865
First Merchants		13,094		526
FirstCash		30,579		1,783
Flagstar Bancorp *		25,576		788
Flushing Financial		48,597		1,370
FNB (Pennsylvania)		197,623		2,798
FNFV Group *		25,893		409
Fulton Financial		131,193		2,493
Great Western Bancorp		64,487		2,632
Green Dot, Cl A *		63,841		2,460
Hancock Holding, Cl A		7,691		377
Hanmi Financial		29,125		829
Hanover Insurance Group, Cl A		15,725		1,394
HCI Group (A)		8,099		380
Heartland Financial USA		11,322		533
Hercules Capital, Cl A		37,894		502
IBERIABANK		35,576		2,899
Independent Bank Group		9,098		541
International. FCStone *		14,932		564
Investors Bancorp		27,443		367
KCG Holdings, Cl A *		18,522		369
Kemper, Cl A		11,169		431
Legg Mason		32,462		1,239



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Maiden Holdings		59,645	$	662
MainSource Financial Group		13,132		440
MB Financial		64,631		2,846
Meridian Bancorp		42,606		720
MFA Financial ^‡		46,765		392
MGIC Investment *		150,981		1,691
National Bank Holdings, Cl A		11,617		385
National Western Life Group, Cl A		1,198		383
Nationstar Mortgage Holdings *		20,779		372
Nelnet, Cl A		14,958		703
Northfield Bancorp		20,661		354
OFG Bancorp		224,695		2,247
Old National Bancorp, Cl A		134,632		2,322
PacWest Bancorp		66,557		3,108
PennantPark Investment		48,015		355
PennyMac Financial Services, Cl A *		21,954		367
PennyMac Mortgage Investment Trust ^‡		20,913		382
Piper Jaffray		5,949		357
Popular		59,895		2,498
Preferred Bank		8,522		456
Primerica		7,400		561
ProAssurance		6,156		374
Radian Group		80,399		1,315
Regional Management *		17,580		415
Republic Bancorp, Cl A		16,500		589
Selective Insurance Group		34,897		1,747
SLM *		150,583		1,732
South State		24,795		2,125
Starwood Property Trust ^‡		133,544		2,990
State Bank Financial		23,470		636
TCF Financial		42,624		679
Umpqua Holdings		60,018		1,102
Union Bankshares		18,400		624
Universal Insurance Holdings		14,618		368
Validus Holdings		37,541		1,951
Voya Financial		18,095		668
Waddell & Reed Financial, Cl A (A)		20,862		394
Walker & Dunlop *		7,521		367
Western Alliance Bancorp *		19,434		956
Wintrust Financial		13,852		1,059
World Acceptance *(A)		6,524		489

				104,784


Health Care – 4.8%
Acadia Healthcare, Cl A *(A)		18,393		908
Accuray *		89,986		427
Akorn *		17,521		588
Allscripts Healthcare Solutions *		68,228		871
AMN Healthcare Services *(A)		12,731		497
Chemed		2,801		573
Community Health Systems *		38,259		381
Exactech *		12,600		375



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Exelixis *		16,682	$	411
Integer Holdings *		14,803		640
Lannett *(A)		116,748		2,382
LHC Group *		6,240		424
Ligand Pharmaceuticals *(A)		29,533		3,585
Magellan Health *		5,464		398
Molina Healthcare *		15,659		1,083
Omnicell *		17,910		772
PDL BioPharma		112,744		278
PRA Health Sciences *		12,435		933
Prestige Brands Holdings, Cl A *		12,668		669
Trinity Biotech ADR *		87,116		523
Triple-S Management, Cl B *		23,461		397
United Therapeutics *		3,013		391
WellCare Health Plans *		4,887		878

				18,384


Industrials – 14.9%
AAR		15,193		528
ACCO Brands *		149,888		1,746
Advisory Board *		28,330		1,459
Aircastle		16,047		349
Alaska Air Group		9,445		848
American Woodmark *		9,220		881
ARC Document Solutions *		96,637		402
ArcBest		23,276		480
Atlas Air Worldwide Holdings *		39,063		2,037
Babcock & Wilcox Enterprises *		36,184		426
Barnes Group		23,758		1,391
BMC Stock Holdings *		47,974		1,048
Briggs & Stratton		22,090		532
Brink’s		7,301		489
BWX Technologies, Cl W		45,266		2,207
Celadon Group (A)		56,487		178
Crane, Cl A		27,321		2,169
Curtiss-Wright		19,889		1,825
Deluxe (A)		5,619		389
EMCOR Group		7,742		506
EnerSys		5,482		397
Ennis		47,665		910
Essendant		21,171		314
Esterline Technologies *		12,829		1,216
FreightCar America, Cl A		29,685		516
Genesee & Wyoming, Cl A *		38,608		2,640
Global Brass & Copper Holdings		21,387		653
Great Lakes Dredge & Dock *		189,478		815
Greenbrier (A)		7,858		363
Hawaiian Holdings *		15,240		716
Herman Miller		11,532		351
Huntington Ingalls Industries, Cl A		1,939		361
Hyster-Yale Materials Handling		7,040		495
ICF International, Cl A *		8,817		415



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
InnerWorkings *		47,890	$	556
ITT		43,799		1,760
JetBlue Airways *		56,861		1,298
Kaman, Cl A (A)		31,682		1,580
KAR Auction Services		60,201		2,527
KBR		29,492		449
Kelly Services, Cl A		15,409		346
Keyw Holding, Cl A *(A)		56,702		530
LB Foster, Cl A		33,263		714
LSC Communications		21,683		464
MasTec *		13,722		620
Meritor *		77,828		1,293
MRC Global *		36,844		609
MSA Safety		8,473		688
MYR Group *		14,297		444
Navigant Consulting *		16,493		326
On Assignment *		7,775		421
Orion Group Holdings *		37,085		277
Oshkosh Truck		7,478		515
Owens Corning		5,868		393
Roadrunner Transportation Systems *		41,310		300
RPX *		27,194		379
RR Donnelley & Sons		6,328		79
Rush Enterprises, Cl A *		9,844		366
Saia *		7,183		369
Skywest		22,146		777
Steelcase, Cl A		21,954		307
Supreme Industries, Cl A		19,279		317
Teledyne Technologies *		16,987		2,168
Timken		7,698		356
Triumph Group		37,606		1,188
TrueBlue *		22,715		602
Tutor Perini *(A)		32,117		923
Univar *		19,180		560
Vectrus *		20,021		647
Viad		8,344		394
VSE		7,000		315
Wabash National (A)		57,473		1,263
YRC Worldwide *		34,393		382

				57,554


Information Technology – 11.7%
Acacia Communications *(A)		6,218		258
ACI Worldwide *		68,928		1,542
Advanced Energy Industries *		4,699		304
Aerohive Networks *		78,884		394
Amkor Technology *		108,249		1,058
Anixter International *		9,538		746
Bazaarvoice *		74,089		367
Benchmark Electronics *		72,578		2,344
Black Box		37,045		317
Blackhawk Network Holdings, Cl A *		16,174		705



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Blucora *		17,934	$	380
Bottomline Technologies *		32,107		825
Convergys		40,331		959
CSG Systems International		17,538		712
Cypress Semiconductor		51,599		704
Diebold		25,051		701
EPAM Systems *		8,165		687
ePlus *		10,278		762
Finisar *		15,511		403
IAC *		32,312		3,336
II-VI *		22,832		783
Insight Enterprises *		39,588		1,583
Integrated Device Technology *		50,007		1,290
Itron *		10,351		701
j2 Global		16,518		1,405
Jabil Circuit		24,741		722
Kulicke & Soffa Industries *		21,030		400
Littelfuse		3,340		551
Marvell Technology Group		23,080		381
Match Group *(A)		40,295		700
MaxLinear, Cl A *		17,313		483
Mellanox Technologies *(A)		22,192		961
MKS Instruments		11,570		779
MoneyGram International *		21,061		363
NETGEAR *		11,567		498
NeuStar, Cl A *		15,747		525
Photronics *		54,115		509
QAD, Cl A		21,850		700
Rudolph Technologies *		15,004		343
Sanmina *		84,215		3,209
Scansource *		25,638		1,033
Silicon Motion Technology ADR		28,611		1,380
SuperCom *(A)		86,200		275
Sykes Enterprises *		39,969		1,340
Synaptics *		11,751		608
SYNNEX		11,478		1,377
Tech Data *		23,227		2,346
VeriFone Holdings *		92,272		1,670
Zebra Technologies, Cl A *		5,897		593

				45,012

Materials – 5.8%
Allegheny Technologies (A)		24,498		417
Ashland Global Holdings		11,277		743
Avery Dennison		5,529		489
Cabot		24,268		1,297
Clearwater Paper *		7,343		343
Cliffs Natural Resources *		41,302		286
Commercial Metals, Cl A		45,076		876
Ferroglobe		44,386		530
FMC		32,316		2,361
Huntsman		28,225		729



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Ingevity *		10,213	$	586
Innophos Holdings		8,414		369
Kraton *		15,862		546
LSB Industries *(A)		114,781		1,186
Materion		10,377		388
Minerals Technologies		7,698		563
Owens-Illinois *		54,795		1,311
PH Glatfelter		14,800		289
Reliance Steel & Aluminum		4,695		342
Schulman A		14,981		479
Schweitzer-Mauduit International		8,788		327
Silgan Holdings		100,281		3,187
Steel Dynamics		15,765		565
Trinseo		6,684		459
United States Steel		71,491		1,583
Valvoline		91,453		2,169

				22,420

Real Estate – 8.4%
Brandywine Realty Trust ^‡		71,203		1,248
Camden Property Trust ^‡		4,498		385
Care Capital Properties ^‡		13,065		349
CBL & Associates Properties ^‡(A)		47,417		400
Cedar Realty Trust ^‡		99,087		481
Chatham Lodging Trust ^‡(A)		24,600		494
Colony Starwood Homes ^‡		71,875		2,466
DiamondRock Hospitality ^‡(A)		70,667		774
EPR Properties, Cl A ^‡		17,646		1,268
Equity Commonwealth *^‡		49,348		1,559
Franklin Street Properties ^‡		48,401		536
Gaming and Leisure Properties ^‡		60,524		2,280
Getty Realty ^‡		44,755		1,123
Gramercy Property Trust ^‡(A)		11,946		355
Hersha Hospitality Trust, Cl A ^‡(A)		46,945		869
Hospitality Properties Trust ^‡		19,215		560
Howard Hughes *		20,585		2,529
Kennedy-Wilson Holdings		26,610		507
Lexington Realty Trust		57,000		565
Life Storage ^‡		7,138		529
MedEquities Realty Trust		36,345		459
Medical Properties Trust ^‡(A)		174,357		2,244
New York ^‡		249,419		2,155
Piedmont Office Realty Trust, Cl A ^‡(A)		41,692		879
RLJ Lodging Trust ^‡		25,041		498
Sabra Health Care ^‡		14,790		356
Select Income ^‡		68,372		1,643
Senior Housing Properties Trust ^‡		38,253		782
STAG Industrial ^‡		27,599		762
Summit Hotel Properties ^‡		108,930		2,031
Two Harbors Investment ^‡		44,522		441



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Xenia Hotels & Resorts ^‡		53,962	$	1,045

				32,572

Telecommunication Services – 0.4%
Cincinnati Bell *		22,058		431
IDT, Cl B		22,394		322
Iridium Communications *(A)		61,697		682

				1,435

Utilities – 3.8%
ALLETE		35,156		2,520
Cadiz *(A)		23,362		315
Idacorp, Cl A		16,001		1,366
ONE Gas		9,314		650
PNM Resources		51,849		1,983
Portland General Electric		47,923		2,190
SJW		9,485		466
Southwest Gas Holdings		21,312		1,557
Spark Energy, Cl A (A)		18,814		354
Spire		19,508		1,361
UGI		16,506		799
Unitil		19,208		928

				14,489

Total Common Stock (Cost $306,983) ($ Thousands)				362,477


AFFILIATED PARTNERSHIP – 8.9%
SEI Liquidity Fund, L.P. 1.080% **^†(B)		34,072,820		34,066

Total Affiliated Partnership (Cost $34,073) ($ Thousands)				34,066

CASH EQUIVALENT – 5.9%
SEI Daily Income Trust, Government Fund, Cl F 0.760%**^†		22,908,152		22,908

Total Cash Equivalent (Cost $22,908) ($ Thousands)				22,908

Total Investments – 108.8% (Cost $363,964) ($ Thousands) @			$	419,451

A list of the open futures contracts held by the Fund at June 30, 2017, is as follows:

Type of Contract

Number of
Contracts
Long

Expiration
Date

Unrealized
Appreciation
($ Thousands)

Russell 2000 Index E-MINI

Sep-2017

$56

Percentages are based on Net Assets of $385,612 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of June 30, 2017.

^†	Investment in Affiliated Security.

^‡	Real Estate Investment Trust.

(A)	Certain securities or partial positions of certain securities are on loan at June 30, 2017. The total market value of securities on loan at June 30, 2017 was $33,304 ($ Thousands).

(B)	This security was purchased with cash collateral held from securities on loan. The total market value of such securities as of June 30, 2017 was $34,066 ($ Thousands).

ADR – American Depositary Receipt

Cl – Class

L.P. – Limited Partnership

@ At June 30, 2017, the tax basis cost of the Fund’s investments was $363,964 ($ Thousands), and the unrealized appreciation and depreciation were $70,515 ($ Thousands) and $(15,028) ($ Thousands), respectively.

The following is a list of the levels of inputs used as of June 30, 2017 in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	362,477	$	–	$	–	$	362,477
Affiliated Partnership		–		34,066		–		34,066
Cash Equivalent		22,908		–		–		22,908

Total Investments in Securities	$	385,385	$	34,066	$	–	$	419,451


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Appreciation	$	56	$	–	$	–	$	56

Total Other Financial Instruments	$	56	$	–	$	–	$	56

*Futures contracts are valued at the unrealized appreciation on the instrument.

For the period ended June 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended June 30, 2017, there were no transfers from Level 2 into Level 3 assets and liabilities.

Amounts designated as “—” are $0 or have been rounded to $0.

The following is a summary of the transactions with affiliates for the period ended June 30, 2017 ($ Thousands):



Description	Shares		Market Value ($ Thousands)
COMMON STOCK – 96.6%
Consumer Discretionary – 12.4%
AMC Entertainment Holdings, Cl A		74,301	$	1,690
American Axle & Manufacturing Holdings *		20,522		320
American Outdoor Brands *		14,829		329
Big Lots		8,517		411
Boot Barn Holdings *(A)		38,620		274
Bright Horizons Family Solutions *		40,488		3,126
Buffalo Wild Wings *		2,619		332
Carter’s		15,034		1,337
Children’s Place		10,625		1,085
Conn’s *(A)		19,318		369
Cooper-Standard Holdings *		3,036		306
Core-Mark Holding, Cl A		42,202		1,395
Dave & Buster’s Entertainment *		40,472		2,692
Emerald Expositions Events		14,227		312
Five Below *		18,191		898
Grand Canyon Education *		29,399		2,305
Hibbett Sports *(A)		22,262		462
IMAX *(A)		15,051		331
Jack in the Box		16,139		1,590
Lithia Motors, Cl A		6,157		580
Lumber Liquidators Holdings *(A)		10,628		266
Malibu Boats, Cl A *		41,393		1,071
Modine Manufacturing *		19,112		316
Monro Muffler		39,052		1,630
National CineMedia		119,910		890
Nutrisystem		12,192		635
Ollie’s Bargain Outlet Holdings *		65,336		2,783
PetMed Express		9,575		389
Planet Fitness, Cl A		121,933		2,846
Playa Hotels & Resorts *		54,381		650
Red Robin Gourmet Burgers *		19,991		1,304
Sally Beauty Holdings *		81,353		1,647
Stoneridge *		17,783		274
Sturm Ruger (A)		4,989		310
Tenneco		6,872		397
Tile Shop Holdings (A)		17,073		353
TopBuild *		5,994		318
Visteon *		3,086		315
Wayfair, Cl A *		5,091		391
Weight Watchers International *(A)		24,339		813
William Lyon Homes, Cl A *		74,680		1,803
Winmark		5,247		677
Wolverine World Wide		51,504		1,443

				41,665

Consumer Staples – 2.4%
Casey’s General Stores (A)		4,500		482
Central Garden & Pet *		11,414		363
Chefs’ Warehouse Holdings *(A)		22,842		297
elf Beauty *(A)		17,014		463
Freshpet *		28,382		471



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Hostess Brands, Cl A *		148,002	$	2,383
Primo Water *		61,301		779
Snyder’s-Lance		33,346		1,154
Spectrum Brands Holdings (A)		12,413		1,552

				7,944

Energy – 0.9%
Carrizo Oil & Gas *		33,195		578
Evolution Petroleum		136,472		1,106
Forum Energy Technologies *		14,220		222
Matador Resources *(A)		14,102		301
Prothena *(A)		5,671		307
RigNet, Cl A *		36,005		578

				3,092

Financials – 5.0%
Eagle Bancorp *		32,134		2,034
Essent Group *		8,472		315
Evercore Partners, Cl A		24,126		1,701
Financial Engines		19,719		722
Franklin Financial Network *		19,612		809
Greenhill		13,064		262
Houlihan Lokey, Cl A		19,877		694
LendingTree *		1,874		323
LPL Financial Holdings		7,517		319
Moelis, Cl A		16,263		632
PennantPark Investment		99,438		735
Primerica		4,495		340
Stifel Financial *		6,645		305
SVB Financial Group, Cl B *		1,716		302
TPG Pace Energy Holdings *		65,828		687
Trupanion *(A)		24,397		546
United Community Banks		53,337		1,483
Universal Insurance Holdings		12,635		318
Value Creation *(B)(C)		145,600		59
Walker & Dunlop *		8,036		392
Wintrust Financial		37,962		2,902
WisdomTree Investments (A)		80,213		816

				16,696

Health Care – 23.5%
Acadia Healthcare, Cl A *(A)		45,146		2,229
Accelerate Diagnostics *(A)		20,046		548
Achaogen *(A)		15,045		327
Aclaris Therapeutics *(A)		15,375		417
Adamas Pharmaceuticals *(A)		38,097		666
Aerie Pharmaceuticals *		10,130		532
Akebia Therapeutics *		20,457		294
Alder Biopharmaceuticals *		11,687		134
AMAG Pharmaceuticals *		84,914		1,562
AMN Healthcare Services *		90,206		3,523
Ardelyx *		22,448		115



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Atara Biotherapeutics *(A)		24,545	$	344
athenahealth *		4,692		659
AtriCure *		44,600		1,082
Audentes Therapeutics *		15,995		306
Avadel Pharmaceuticals ADR *		79,933		882
Avexis *(A)		6,170		507
AxoGen *		21,007		352
BioTelemetry *		19,027		636
Bluebird Bio *		3,475		365
Blueprint Medicines *		6,519		330
Cambrex *		6,179		369
Capital Senior Living *		100,452		1,528
Cara Therapeutics *(A)		19,323		297
Cardiovascular Systems *		11,721		378
Catalent *		16,567		582
Chimerix *		95,801		522
Clovis Oncology *		10,203		955
Corcept Therapeutics *		31,282		369
CryoLife		84,956		1,695
Cutera *		13,565		351
DBV Technologies ADR *(A)		16,650		595
DexCom *		4,215		308
Eagle Pharmaceuticals *		4,122		325
Endologix *(A)		66,534		323
Entellus Medical *(A)		24,105		399
Esperion Therapeutics *(A)		10,558		489
Evolent Health, Cl A *		12,509		317
Exact Sciences *		34,285		1,213
Exelixis *		36,579		901
Glaukos *(A)		8,069		335
Global Blood Therapeutics *		12,756		349
GlycoMimetics *		23,622		264
HealthEquity *		34,011		1,695
HealthStream *		12,628		332
Heron Therapeutics *		24,556		340
HMS Holdings *		15,937		295
ICON *		3,850		377
ImmunoGen *		49,076		349
Immunomedics *(A)		153,846		1,358
INC Research Holdings, Cl A *		21,643		1,266
Innoviva *		24,055		308
Inogen *		22,931		2,188
Insulet *(A)		7,970		409
Integra LifeSciences Holdings *		30,878		1,683
Intercept Pharmaceuticals *(A)		3,980		482
Intersect ENT *		24,034		672
iRhythm Technologies *		8,900		378
Kite Pharma *(A)		6,369		660
Ligand Pharmaceuticals *(A)		14,107		1,713
Loxo Oncology *		11,911		955
Masimo *		6,825		622



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Medidata Solutions *		37,186	$	2,908
Merit Medical Systems *(A)		27,424		1,046
MiMedx Group *		47,449		710
Molina Healthcare *		4,604		319
Myriad Genetics *		15,329		396
Nektar Therapeutics, Cl A *		16,180		316
NeoGenomics *		100,162		897
Neuroderm *(A)		15,816		473
Nevro *		22,157		1,649
Novadaq Technologies *		40,323		473
NuVasive *		12,098		931
Omeros *(A)		14,738		293
Omnicell *		23,019		992
OraSure Technologies *		37,707		651
Pacific Biosciences of California *		76,112		271
Pacira Pharmaceuticals *		6,637		317
Paratek Pharmaceuticals *		27,119		654
Penumbra *(A)		8,426		739
Portola Pharmaceuticals, Cl A *		5,898		331
PRA Health Sciences *		41,085		3,082
Prestige Brands Holdings, Cl A *		55,439		2,928
Quidel *		15,603		423
REGENXBIO *		14,117		279
Revance Therapeutics *		18,674		493
Spectranetics *		25,465		978
Supernus Pharmaceuticals *		93,326		4,022
Syndax Pharmaceuticals *(A)		22,131		309
Synergy Pharmaceuticals *(A)		208,774		929
Tactile Systems Technology *		12,759		365
Teladoc *(A)		19,840		688
TESARO *		3,962		554
TG Therapeutics *(A)		27,507		276
Tivity Health *		9,127		364
Vanda Pharmaceuticals *		30,347		495
Veracyte *		52,924		441
Versartis *		22,426		391
Vocera Communications *		84,553		2,234
WaVe Life Sciences *(A)		14,921		278
Xencor *		14,022		296

				78,947


Industrials – 20.0%
ABM Industries		31,750		1,318
Advisory Board *		7,544		389
Air Transport Services Group *		96,646		2,105
Apogee Enterprises		43,059		2,447
Astec Industries		7,807		433
Axon Enterprise *(A)		12,793		322
Builders FirstSource *		21,311		326
BWX Technologies, Cl W		40,218		1,961
Carlisle		3,056		292
Clean Harbors *		24,308		1,357



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Deluxe		49,542	$	3,429
DXP Enterprises *		8,064		278
Dycom Industries *		4,072		365
EnPro Industries		4,440		317
Exponent		19,342		1,128
Forward Air		22,684		1,209
Genesee & Wyoming, Cl A *		5,942		406
Graham, Cl A		14,789		291
Granite Construction		24,882		1,200
Greenbrier (A)		6,964		322
H&E Equipment Services		16,643		340
Hawaiian Holdings *		7,861		369
Healthcare Services Group (A)		20,836		976
Heartland Express		62,018		1,291
Heritage-Crystal Clean *		123,630		1,966
Hexcel, Cl A		6,172		326
HNI		7,072		282
Hudson Technologies *(A)		176,688		1,493
InnerWorkings *		144,072		1,671
John Bean Technologies, Cl A		43,242		4,238
Kennametal		20,211		756
Kirby *		16,412		1,097
Kornit Digital *(A)		53,613		1,037
Kratos Defense & Security Solutions *		30,243		359
Lincoln Electric Holdings		3,473		320
Masonite International *		41,237		3,113
MasTec *		40,445		1,826
Mercury Systems *		78,785		3,316
Middleby *		2,422		294
Mueller Water Products, Cl A		41,128		480
Multi-Color		12,109		988
Nordson		2,690		326
NV5 Global *		18,117		770
On Assignment *		53,011		2,871
Paylocity Holding *		9,698		438
Proto Labs *		14,391		968
RBC Bearings *		3,965		403
Ritchie Bros. Auctioneers (A)		23,925		688
Roadrunner Transportation Systems *		32,205		234
Saia *		6,562		337
SiteOne Landscape Supply *		6,273		327
SP Plus *		57,590		1,759
Steelcase, Cl A		18,854		264
Swift Transportation, Cl A *(A)		26,513		703
Tennant		19,702		1,454
Tetra Tech		15,988		731
TriNet Group *		64,509		2,112
Triton International		10,208		341
TrueBlue *		20,032		531
Universal Forest Products		3,430		299
WageWorks *		35,813		2,407



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
XPO Logistics *		39,343	$	2,543

				66,939


Information Technology – 28.1%
2U *		50,104		2,351
3D Systems *(A)		26,577		497
Actua *		39,618		557
Acxiom *		84,033		2,183
Advanced Energy Industries *		12,297		795
Alarm.com Holdings *		9,648		363
Applied Optoelectronics *(A)		4,691		290
Aspen Technology *		18,470		1,021
Axcelis Technologies *		16,785		352
AXT *		47,077		299
Barracuda Networks *		14,986		346
Blackhawk Network Holdings, Cl A *		50,630		2,207
Blackline *		19,970		714
Blucora *		16,380		347
Booz Allen Hamilton Holding, Cl A		38,981		1,268
Brooks Automation		11,359		246
Cabot Microelectronics		4,026		297
CalAmp *		102,690		2,088
Callidus Software *		170,533		4,127
Carbonite *		50,136		1,093
Cavium *		31,334		1,947
ChannelAdvisor *		61,479		710
Cimpress *(A)		13,471		1,273
Cirrus Logic *		10,257		643
Cognex		22,607		1,919
Coherent *		12,879		2,898
comScore *(A)		16,407		431
Cornerstone OnDemand *		42,728		1,528
CTS		25,149		543
Descartes Systems Group *		15,735		383
Electronics For Imaging *		29,843		1,414
Ellie Mae *		3,899		429
Envestnet *		15,247		604
Euronet Worldwide *		27,517		2,404
Everbridge *		39,068		952
Exa *		71,051		981
Extreme Networks *		37,253		343
Finisar *		57,231		1,487
FireEye *(A)		205,753		3,129
Five9 *		76,220		1,640
FormFactor *		23,111		287
Forrester Research		11,076		434
GrubHub *(A)		19,502		850
GTT Communications *		10,557		334
Guidewire Software, Cl Z *		4,581		315
HubSpot *		5,300		348
Ichor Holdings *		13,514		272
Impinj *(A)		5,686		277



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Instructure *		13,104	$	387
InterDigital		4,740		366
Littelfuse		18,502		3,053
LivePerson *		124,447		1,369
LogMeIn		23,000		2,403
Lumentum Holdings *		13,258		756
MAXIMUS		37,398		2,342
Mesa Laboratories		3,255		466
Methode Electronics		8,223		339
Microsemi *		23,134		1,083
MINDBODY, Cl A *(A)		10,977		299
Monolithic Power Systems		30,968		2,985
Nanometrics *		13,953		353
New Relic *		27,000		1,161
Oclaro *(A)		38,989		364
PDF Solutions *		70,939		1,167
Pegasystems		27,756		1,620
Perficient *		70,000		1,305
Presidio *(A)		33,065		473
Proofpoint *(A)		25,213		2,189
PROS Holdings *		11,075		303
Q2 Holdings *		63,017		2,328
QAD, Cl A		15,413		494
RealPage *		31,702		1,140
RingCentral, Cl A *		65,957		2,411
Rogers *		5,092		553
Shutterstock *		23,130		1,020
Silicom		5,995		266
Silicon Laboratories *		13,478		921
SPS Commerce *		6,060		386
Stamps.com *		2,475		383
Stratasys *		27,176		633
Take-Two Interactive Software, Cl A *		4,984		366
Trade Desk, Cl A *		15,202		762
TrueCar *(A)		123,384		2,459
Tyler Technologies *		9,118		1,602
Ultra Clean Holdings *		20,831		391
Universal Display		2,880		315
Varonis Systems *		8,871		330
Veeco Instruments *		9,859		275
Viavi Solutions *		27,262		287
Web.com Group *		26,618		673
Xactly *		26,823		420
XO Group *		37,897		668

				94,082

Materials – 2.6%
Boise Cascade *		12,176		370
Ingevity *		12,043		691
KMG Chemicals		5,887		287
Louisiana-Pacific *		18,275		441
PolyOne		10,783		418



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Rayonier Advanced Materials		28,816	$	453
Sensient Technologies		23,474		1,890
Summit Materials, Cl A *		66,874		1,931
Trinseo		5,810		399
US Concrete *		23,952		1,881

				8,761

Real Estate – 1.5%
CoreSite Realty ^‡		11,982		1,241
FirstService		5,163		330
Jernigan Capital (A)		18,128		399
Medical Properties Trust ^‡		107,398		1,382
National Storage Affiliates Trust		77,635		1,794

				5,146

Telecommunication Services – 0.2%
Boingo Wireless *		19,646		294
Vonage Holdings *		63,334		414


				708

Total Common Stock (Cost $290,632) ($ Thousands)				323,980


	Number of Rights
*RIGHTS – 0.0%**
Dyax CVR, Expires 12/31/2019		7,184		–

Durata Therapeutics ^‡‡		8,500		–

Total Rights (Cost $—) ($ Thousands)				–


	Shares
AFFILIATED PARTNERSHIP – 9.4%
SEI Liquidity Fund, L.P.
1.080% **^†(D)		31,754,770		31,748

Total Affiliated Partnership (Cost $31,755) ($ Thousands)				31,748



Description	Shares		Market Value ($ Thousands)
CASH EQUIVALENT – 4.1%
SEI Daily Income Trust, Government Fund, Cl F
0.760%**^†		13,696,675	$	13,697


Total Cash Equivalent (Cost $13,697) ($ Thousands)				13,697

Total Investments – 110.1% (Cost $336,084) ($ Thousands) @			$	369,425

Percentages are based on Net Assets of $335,424 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of June 30, 2017.

^†	Investment in Affiliated Security.

^‡	Real Estate Investment Trust.

^‡‡	Expiration date not available.

(A)	Certain securities or partial positions of certain securities are on loan at June 30, 2017. The total market value of securities on loan at June 30, 2017 was $ 30,697 ($ Thousands).

(B)	Security fair valued using methods determined in good faith by the Valuation Committee of the Board of Trustees. The total market value of such securities as of June 30, 2017 was $59 ($ Thousands) and represented 0.02% of the Net Assets of the Fund.

(C)	Securities considered restricted. The total market value of such securities as of June 30, 2017 was $59 ($ Thousands) and represented 0.02% of the Net Assets of the Fund.

(D)	This security was purchased with cash collateral held from securities on loan. The total market value of such securities as of June 30, 2017 was $31,748 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

CVR — Contingent Value Right

L.P. — Limited Partnership

@ At June 30, 2017, the tax basis cost of the Fund’s investments was $336,084 ($Thousands), and the unrealized appreciation and depreciation were $49,981 ($Thousands) and $(16,640) ($Thousands), respectively.

The following is a list of the levels of inputs used as of June 30, 2017 in valuing the Fund’s investments carried at value ($ Thousands):



Investments in Securities	Level 1		Level 2		Level 3^{^}		Total
Common Stock	$	323,921	$	–	$	59	$	323,980
Rights		–		–		–		–
Affiliated Partnership		–		31,748		–		31,748
Cash Equivalent		13,697		–		–		13,697

Total Investments in Securities	$	337,618	$	31,748	$	59	$	369,425

^ A reconciliation of Level 3 investments is presented when the Fund has a significant amount of Level 3 investments at the beginning and/or end of the period in relation to the net assets. Management has concluded that Level 3 investments are not material in relation to net assets.

For the period ended June 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended June 30, 2017, there were no transfers from Level 2 into Level 3 assets and liabilities.

Amounts designated as “—” are $0 or have been rounded to $0.

The following is a summary of the transactions with affiliates for the period ended June 30, 2017 ($ Thousands):



Description	Shares		Market Value ($ Thousands)
COMMON STOCK – 94.7%
Consumer Discretionary – 10.6%
Aaron’s		41,041	$	1,597
Adtalem Global Education		31,064		1,179
American Outdoor Brands *		21,367		473
American Public Education *		31,000		733
Autoliv (A)		7,000		769
Big 5 Sporting Goods (A)		33,898		442
Big Lots (A)		66,828		3,228
Biglari Holdings *		1,441		576
Bloomin’ Brands		39,176		832
Boyd Gaming		100,317		2,489
Bright Horizons Family Solutions *		24,221		1,870
Brinker International (A)		19,539		744
Buffalo Wild Wings *		3,849		488
Burlington Stores *		21,198		1,950
Capella Education		5,775		494
Century Communities *		13,157		326
Children’s Place		2,945		301
Cooper Tire & Rubber (A)		40,319		1,456
Cooper-Standard Holdings *		8,000		807
Core-Mark Holding, Cl A		19,658		650
Dana		44,400		991
Dave & Buster’s Entertainment *		46,088		3,065
Del Frisco’s Restaurant Group *		22,091		356
Dick’s Sporting Goods		10,605		422
Dillard’s, Cl A (A)		2,522		146
Domino’s Pizza		2,231		472
Eldorado Resorts *		8,606		172
Five Below *		37,142		1,834
Gentherm *		28,694		1,113
Grand Canyon Education *		32,648		2,560
Hasbro		8,180		912
Haverty Furniture		16,178		406
Installed Building Products *		26,555		1,406
Interpublic Group		32,406		797
K12 *		27,523		493
Lear		15,285		2,172
Libbey		76,333		615
Lions Gate Entertainment, Cl A		20,672		583
Lithia Motors, Cl A (A)		39,677		3,739
LKQ *		14,707		485
Marriott Vacations Worldwide (A)		16,786		1,977
Murphy USA *(A)		7,798		578
Newell Brands, Cl B		20,677		1,109
Nexstar Broadcasting Group, Cl A		26,684		1,596
NVR *		745		1,796
Office Depot		255,057		1,439
Ollie’s Bargain Outlet Holdings *(A)		40,289		1,716
Panera Bread, Cl A *		3,000		944
Perry Ellis International, Cl A *		15,923		310
Planet Fitness, Cl A		66,798		1,559
Pool		28,832		3,390



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Scholastic, Cl B		6,773	$	295
Shoe Carnival		14,341		299
Signet Jewelers (A)		13,042		825
Six Flags Entertainment		30,485		1,817
Skechers U.S.A., Cl A *		176,988		5,221
SodaStream International *		23,474		1,256
Sturm Ruger (A)		10,389		646
Tenneco		28,072		1,623
Texas Roadhouse, Cl A		24,743		1,261
Tile Shop Holdings		63,059		1,302
Tower International		14,866		334
Ulta Beauty *		3,283		943
Vail Resorts		16,565		3,360
Visteon *		17,488		1,785
Wendy’s		180,995		2,807
Whirlpool		5,200		996
Wolverine World Wide		24,280		680

				86,007

Consumer Staples – 2.9%
Andersons		18,349		627
Central Garden & Pet, Cl A *		58,983		1,771
Chefs’ Warehouse Holdings *		54,799		712
Darling Ingredients *		23,438		369
elf Beauty *(A)		18,426		501
Energizer Holdings		10,900		523
Fresh Del Monte Produce		26,002		1,324
Freshpet *(A)		115,986		1,925
Ingredion		7,843		935
J&J Snack Foods		7,030		929
John B Sanfilippo & Son (A)		6,294		397
Kroger		19,039		444
Lamb Weston Holdings		34,188		1,506
Molson Coors Brewing, Cl B		6,535		564
Omega Protein		75,949		1,360
Pilgrim’s Pride *		30,205		662
Pinnacle Foods		56,739		3,370
Post Holdings *		5,128		398
Sanderson Farms (A)		11,787		1,363
SpartanNash		14,576		378
Spectrum Brands Holdings (A)		9,521		1,191
SUPERVALU *		221,775		730
US Foods Holding *		58,773		1,600
USANA Health Sciences *		4,731		303

				23,882


Energy – 3.5%
Callon Petroleum *		255,164		2,707
Concho Resources *		17,638		2,144
Diamondback Energy, Cl A *		6,772		601
Energen *		6,200		306
Forum Energy Technologies *(A)		118,818		1,854



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Gulfport Energy *		52,393	$	773
Matador Resources *(A)		47,919		1,024
Matrix Service *		72,228		675
McDermott International *		118,366		849
Newfield Exploration *		18,773		534
Noble		195,000		706
Oasis Petroleum *		62,111		500
Oil States International *(A)		37,455		1,017
Overseas Shipholding Group, Cl A *		111,524		297
Parsley Energy, Cl A *		112,882		3,132
Patterson-UTI Energy		70,106		1,415
PBF Energy, Cl A (A)		181,859		4,048
Pioneer Natural Resources		2,474		395
REX American Resources *		8,000		773
Southwestern Energy *		191,193		1,162
Tesoro		28,718		2,688
US Silica Holdings		12,359		439

				28,039

Financials – 19.1%
1st Source		4,460		214
Affiliated Managers Group		12,845		2,130
AGNC Investment ^‡		16,769		357
Allstate		7,797		690
Ambac Financial Group *		35,364		614
American Equity Investment Life Holding		160,817		4,226
American Financial Group		14,643		1,455
Ameriprise Financial		4,701		598
Arch Capital Group *		3,676		343
Argo Group International Holdings		5,428		329
Arthur J. Gallagher		6,000		344
Artisan Partners Asset Management, Cl A		30,344		932
Aspen Insurance Holdings		33,130		1,652
Assurant		13,379		1,387
Assured Guaranty		28,902		1,206
Axis Capital Holdings		5,014		324
Banc of California		39,554		850
BancFirst		4,048		391
Bancorp *		160,703		1,218
Bank of the Ozarks (A)		26,740		1,253
BankUnited		14,502		489
Beneficial Bancorp		71,421		1,071
BGC Partners, Cl A		281,172		3,554
Brookline Bancorp, Cl A		62,090		907
Canadian Imperial Bank of Commerce		8,395		681
Capitol Federal Financial		95,625		1,359
CBOE Holdings		17,521		1,601
Central Pacific Financial		15,480		487
Chemical Financial		17,703		857
CNO Financial Group		55,102		1,151
Columbia Banking System		116,022		4,623
Community Trust Bancorp		7,338		321



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Cowen, Cl A *		19,867	$	323
Dime Community Bancshares		59,686		1,170
ETrade Financial		16,141		614
Eagle Bancorp *		33,168		2,100
East West Bancorp		56,167		3,290
Employers Holdings		17,888		757
Enterprise Financial Services		9,147		373
Essent Group *		9,139		339
Evercore Partners, Cl A		15,008		1,058
Everest Re Group		18,928		4,819
FBL Financial Group, Cl A		2,500		154
Federal Agricultural Mortgage, Cl C		7,433		481
Federated Investors, Cl B		30,000		848
Fidelity Southern		20,478		468
First American Financial		27,324		1,221
First BanCorp Puerto Rico *		44,216		256
First Citizens BancShares, Cl A		1,150		429
First Commonwealth Financial		164,711		2,089
First Defiance Financial		11,704		617
First Financial		7,257		343
First Interstate BancSystem, Cl A		19,006		707
FirstCash		40,138		2,340
Flagstar Bancorp *		15,477		477
FNB (Pennsylvania)		148,322		2,100
FNFV Group *		32,120		508
Green Dot, Cl A *		111,315		4,289
Hamilton Lane, Cl A		31,690		697
Hanover Insurance Group, Cl A		34,803		3,085
Heartland Financial USA		14,677		691
Heritage Financial		15,795		419
Hilltop Holdings		15,949		418
Horace Mann Educators, Cl A		22,271		842
Houlihan Lokey, Cl A		42,219		1,473
Huntington Bancshares		168,828		2,283
IBERIABANK		6,925		564
Independent Bank Group		13,000		774
Infinity Property & Casualty		6,577		618
International Bancshares		20,180		707
INTL FCStone *		26,062		984
Investors Bancorp		57,756		772
KCG Holdings, Cl A *		26,672		532
LPL Financial Holdings		51,260		2,177
Maiden Holdings		101,899		1,131
MarketAxess Holdings		3,601		724
MB Financial		63,446		2,794
MGIC Investment *		217,483		2,436
National General Holdings		15,967		337
Nelnet, Cl A		6,529		307
OFG Bancorp (A)		327,331		3,273
OneMain Holdings, Cl A *		6,809		167
Oritani Financial		85,595		1,459
PacWest Bancorp		132,855		6,204



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
PennyMac Financial Services, Cl A *		55,221	$	922
Piper Jaffray		8,894		533
Popular		63,206		2,636
Primerica (A)		4,255		322
ProAssurance		18,152		1,104
Prosperity Bancshares (A)		11,028		708
Raymond James Financial		32,300		2,591
Regional Management *		16,091		380
Reinsurance Group of America, Cl A		13,096		1,681
RenaissanceRe Holdings		1,520		211
S&T Bancorp		8,530		306
Safety Insurance Group		8,551		584
Sandy Spring Bancorp		21,604		878
Santander Consumer USA Holdings *		39,840		508
Selective Insurance Group		56,285		2,817
ServisFirst Bancshares (A)		15,218		561
Signature Bank, Cl B *		11,813		1,696
SLM *		260,629		2,997
South State		6,436		552
Starwood Property Trust ^‡		170,886		3,826
State Bank Financial		12,145		329
Stifel Financial *		20,530		944
SVB Financial Group, Cl B *		10,502		1,846
Synovus Financial		32,825		1,452
TCF Financial		55,027		877
TriCo Bancshares		9,870		347
Trustco Bank NY		103,806		805
Umpqua Holdings		110,160		2,023
Universal Insurance Holdings		13,158		332
Univest Corp of Pennsylvania		13,888		416
Unum Group		29,327		1,368
Validus Holdings		15,363		798
Voya Financial		53,770		1,984
Walker & Dunlop *		12,464		609
Washington Trust Bancorp		12,613		650
Webster Financial		3,768		197
WesBanco		7,746		306
Western Alliance Bancorp *		71,507		3,518
WSFS Financial		28,005		1,270
Zions Bancorporation		97,856		4,297

				155,833

Health Care – 9.9%
ABIOMED *		8,661		1,241
Adamas Pharmaceuticals *(A)		30,523		534
Aerie Pharmaceuticals *		21,500		1,130
Aimmune Therapeutics *(A)		26,200		539
Akorn *		76,848		2,577
Alder Biopharmaceuticals *		18,292		209
Alere *		3,176		159
Align Technology *		20,824		3,126
AmerisourceBergen, Cl A		6,015		569



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Audentes Therapeutics *		19,379	$	371
Bioverativ *		8,745		526
Blueprint Medicines *		4,312		219
Cambrex *		16,607		992
Charles River Laboratories International *		7,525		761
Chemed		14,754		3,018
Clovis Oncology *		12,798		1,198
DBV Technologies ADR *(A)		6,083		217
DENTSPLY SIRONA		12,999		843
DexCom *(A)		23,754		1,738
Emergent BioSolutions *		12,195		414
Envision Healthcare *		20,119		1,261
Evolent Health, Cl A *		29,624		751
Exelixis *		75,929		1,870
Glaukos *(A)		23,623		980
GW Pharmaceuticals ADR *(A)		3,127		313
HealthSouth		41,909		2,028
Humana		5,500		1,323
ICON *		18,166		1,776
ICU Medical *(A)		5,669		978
Idexx Laboratories *		6,675		1,077
Incyte *		3,300		416
Integra LifeSciences Holdings *		69,164		3,770
Intersect ENT *		11,215		313
iRhythm Technologies *		18,194		773
Lannett *(A)		99,959		2,039
LHC Group *		8,754		594
LifePoint Health *(A)		10,665		716
Ligand Pharmaceuticals *(A)		51,167		6,212
Loxo Oncology *		6,983		560
Magellan Health *		12,967		945
Masimo *		15,397		1,404
Medicines *(A)		16,794		638
MEDNAX *		4,845		293
Mettler Toledo International *		411		242
MiMedx Group *(A)		104,441		1,563
Molina Healthcare *		27,114		1,876
Neurocrine Biosciences *		7,182		330
Nevro *(A)		19,869		1,479
NuVasive *		15,376		1,183
Omnicell *		25,169		1,085
Otonomy *(A)		31,077		586
Parexel International *		14,340		1,246
PDL BioPharma		73,493		182
Penumbra *(A)		19,555		1,716
PerkinElmer		12,707		866
PRA Health Sciences *		48,881		3,667
Quintiles Transnational *		1,813		162
Radius Health *		7,008		317
Sage Therapeutics *		15,894		1,266
Teladoc *		9,772		339
Teleflex		3,980		827



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
TESARO *		12,579	$	1,759
Ultragenyx Pharmaceutical *(A)		4,053		252
United Therapeutics *		14,367		1,864
VCA *		7,484		691
Veeva Systems, Cl A *		15,000		920
Vocera Communications *		42,471		1,122
WellCare Health Plans *		15,989		2,871
Wright Medical Group *(A)		25,148		691

				80,513

Industrials – 16.4%
AAR		13,157		457
ACCO Brands *		195,035		2,272
Acuity Brands		5,691		1,157
Advisory Board *		62,906		3,240
Alaska Air Group		16,037		1,439
Allegiant Travel, Cl A		2,338		317
American Woodmark *		6,174		590
AO Smith		28,088		1,582
ArcBest		25,532		526
Astec Industries		20,401		1,132
Atlas Air Worldwide Holdings *		54,203		2,827
Beacon Roofing Supply *		5,422		266
BMC Stock Holdings *		41,769		913
Briggs & Stratton		16,366		394
Brink’s		3,649		244
BWX Technologies, Cl W		120,611		5,880
Carlisle		27,093		2,585
Cintas		12,501		1,576
CIRCOR International (A)		15,932		946
Colfax *		30,887		1,216
Comfort Systems USA		16,668		618
Copa Holdings, Cl A		5,789		677
Copart *		12,594		400
Crane, Cl A		40,914		3,248
Curtiss-Wright		15,306		1,405
Deluxe (A)		11,400		789
DXP Enterprises *		12,853		443
Dycom Industries *		24,779		2,218
EMCOR Group		24,206		1,583
Engility Holdings *		23,184		658
Esterline Technologies *		15,457		1,465
Franklin Electric		8,231		341
Genesee & Wyoming, Cl A *		94,912		6,491
Global Brass & Copper Holdings		21,439		655
Greenbrier (A)		22,252		1,029
H&E Equipment Services		32,265		659
Hawaiian Holdings *		26,352		1,237
HD Supply Holdings *		29,102		891
Hexcel, Cl A		24,458		1,291
HNI		13,162		525
Huntington Ingalls Industries, Cl A		7,861		1,463



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Hyster-Yale Materials Handling		2,559	$	180
ICF International, Cl A *		6,500		306
IDEX		18,517		2,093
ITT		39,641		1,593
Jacobs Engineering Group		6,039		328
JetBlue Airways *		108,568		2,479
John Bean Technologies, Cl A		7,131		699
Kadant		25,142		1,891
Kaman, Cl A		48,075		2,397
KAR Auction Services		94,377		3,961
Kennametal		64,663		2,420
Kirby *(A)		7,401		495
L3 Technologies		7,300		1,220
LB Foster, Cl A		75,966		1,629
Lincoln Electric Holdings		26,905		2,478
LSC Communications		28,825		617
ManpowerGroup		25,113		2,804
MasTec *		39,850		1,799
Mercury Systems *		11,253		474
Meritor *		119,937		1,992
Middleby *(A)		13,896		1,688
MRC Global *		39,689		656
MSA Safety		10,698		868
MYR Group *		12,505		388
Old Dominion Freight Line, Cl A		25,477		2,426
On Assignment *		8,718		472
Orbital ATK		6,990		688
Oshkosh Truck		31,831		2,192
Owens Corning		42,973		2,876
Paylocity Holding *(A)		28,470		1,286
Quad Graphics		10,996		252
Quanta Services *		21,209		698
RBC Bearings *(A)		14,377		1,463
Resources Connection		27,561		378
Roadrunner Transportation Systems *		58,608		426
Robert Half International		29,700		1,424
RPX *		31,949		446
Ryder System		8,900		641
Saia *		9,826		504
SiteOne Landscape Supply *		25,227		1,313
Skywest		25,407		892
Spartan Motors		40,000		354
Sparton *		32,848		722
Spirit AeroSystems Holdings, Cl A		28,103		1,628
Spirit Airlines *		8,420		435
Teledyne Technologies *		20,481		2,614
Terex		16,064		602
Tetra Tech		16,037		734
Timken		6,849		317
Toro		10,348		717
TransDigm Group		500		134
TransUnion *		15,948		691



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Trinity Industries		52,858	$	1,482
Triumph Group		33,225		1,050
TrueBlue *		18,524		491
United Rentals *		16,954		1,911
Univar *		18,989		554
Universal Forest Products		7,222		631
Vectrus *		18,138		586
Wabash National (A)		58,124		1,278
Wabtec (A)		3,600		329
WageWorks *		8,366		562
Waste Connections		12,986		837
Watsco		3,339		515
XPO Logistics *		24,131		1,560
Xylem		14,310		793
YRC Worldwide *		36,674		408

				133,412

Information Technology – 16.1%
2U *(A)		40,016		1,878
ACI Worldwide *		95,904		2,145
Advanced Energy Industries *		15,785		1,021
Amkor Technology *		68,250		667
Ansys *		2,600		316
Applied Optoelectronics *(A)		4,912		304
Arista Networks *(A)		4,501		674
Arrow Electronics, Cl A *		4,925		386
Aspen Technology *		42,378		2,342
Avnet		7,600		296
Belden		9,618		726
Benchmark Electronics *		25,072		810
Blackbaud, Cl A (A)		3,876		332
Blackhawk Network Holdings, Cl A *		43,794		1,909
Bottomline Technologies *		32,450		834
Broadcom, Cl A		9,282		2,163
Broadridge Financial Solutions		1,700		128
Brocade Communications Systems		38,812		489
Cadence Design Systems *		54,862		1,837
CDW		10,820		677
Cimpress *(A)		10,766		1,018
Cirrus Logic *		16,316		1,023
Cognex		6,749		573
Coherent *		9,269		2,085
CommScope Holding *		14,081		536
Convergys		20,581		489
CoStar Group *		10,197		2,688
CSG Systems International		16,700		678
CSRA		18,139		576
Cypress Semiconductor		164,397		2,244
Diebold (A)		57,707		1,616
Dolby Laboratories, Cl A		9,362		458
Electronic Arts *		13,002		1,375
Ellie Mae *		10,508		1,155



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Entegris *		26,270	$	577
EPAM Systems *		5,383		453
EVERTEC		60,322		1,044
Fidelity National Information Services, Cl B		12,186		1,041
First Data, Cl A *		71,512		1,302
Gartner *		1,518		188
Gigamon *		11,406		449
Global Payments		5,841		528
GrubHub *		23,204		1,012
Guidewire Software, Cl Z *		25,541		1,755
HubSpot *		15,999		1,052
IAC *		63,890		6,596
II-VI *		16,322		560
Inphi *(A)		24,989		857
Insight Enterprises *		21,641		865
Integrated Device Technology *		30,338		782
InterDigital		20,873		1,614
InterXion Holding *		26,628		1,219
Itron *		11,619		787
j2 Global		28,988		2,467
Jabil Circuit		58,685		1,713
Keysight Technologies *		56,780		2,210
Leidos Holdings		24,667		1,275
Littelfuse		16,324		2,693
LogMeIn		13,013		1,360
Lumentum Holdings *		21,322		1,216
Manhattan Associates *		10,280		494
Marvell Technology Group		90,183		1,490
Match Group *(A)		42,861		745
MAXIMUS		15,796		989
Mellanox Technologies *		23,788		1,030
Methode Electronics		11,078		456
Microchip Technology (A)		10,000		772
Microsemi *		26,452		1,238
MKS Instruments		14,407		970
Monolithic Power Systems		13,891		1,339
NCR *		39,528		1,614
NeuStar, Cl A *		33,084		1,103
Nuance Communications *		92,835		1,616
ON Semiconductor *		42,625		598
Orbotech *		33,516		1,093
OSI Systems *		14,271		1,073
Palo Alto Networks *		4,182		560
Proofpoint *(A)		20,816		1,807
PTC *		7,224		398
Q2 Holdings *(A)		40,997		1,515
Qorvo *		10,870		688
RingCentral, Cl A *		86,143		3,149
Sanmina *		38,828		1,479
Scansource *		8,785		354
Science Applications International		11,933		828
Shopify, Cl A *		21,816		1,896



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Silicon Laboratories *		19,462	$	1,330
Silicon Motion Technology ADR		48,531		2,341
Sonus Networks *		24,298		181
Square, Cl A *		74,112		1,739
SS&C Technologies Holdings		17,556		674
Sykes Enterprises *		20,228		678
Synaptics *		11,742		607
SYNNEX		9,640		1,156
Synopsys *		20,308		1,481
Take-Two Interactive Software, Cl A *		50,559		3,710
Tech Data *		11,750		1,187
Teradyne		40,298		1,210
Trade Desk, Cl A *		25,262		1,266
TTM Technologies *		25,256		438
Tyler Technologies *		4,765		837
Ultimate Software Group *		8,824		1,854
Universal Display		14,294		1,562
VeriFone Holdings *		177,965		3,221
Xperi		4,036		120
Zebra Technologies, Cl A *		42,632		4,285

				131,234

Materials – 6.3%
Albemarle		12,741		1,345
Ashland Global Holdings		7,929		523
Avery Dennison		24,778		2,190
Berry Plastics Group *		41,193		2,348
Boise Cascade *		24,368		741
Cabot		24,685		1,319
Chemours		20,104		762
Cliffs Natural Resources *		65,808		455
Commercial Metals, Cl A		13,920		270
Crown Holdings *		14,143		844
Eagle Materials		15,439		1,427
FMC		87,536		6,395
Gold Resource		82,192		335
Huntsman		23,455		606
Innophos Holdings		6,833		300
LSB Industries *(A)		202,460		2,091
Materion		12,245		458
Neenah Paper, Cl A		14,000		1,124
Owens-Illinois *		116,723		2,792
Packaging Corp of America		10,242		1,141
PolyOne		61,364		2,377
Rayonier Advanced Materials		43,416		682
Reliance Steel & Aluminum		18,019		1,312
Schulman A		24,857		795
Sensient Technologies		16,062		1,293
Silgan Holdings		168,977		5,370
Steel Dynamics		42,104		1,508
Stepan		6,908		602
Summit Materials, Cl A *		41,620		1,202



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Trinseo		12,186	$	837
United States Steel		100,926		2,235
Valvoline		160,375		3,804
Westlake Chemical		10,306		682
Worthington Industries		15,346		771
WR Grace		4,283		308

				51,244

Real Estate – 7.4%
Alexander’s^‡		718		303
Alexandria Real Estate Equities ^‡		10,497		1,265
American Campus Communities ^‡		25,659		1,214
American Homes 4 Rent, Cl A ^‡		62,696		1,415
Armada Hoffler Properties ^‡		28,819		373
Camden Property Trust ^‡		7,000		599
Care Capital Properties ^‡		40,016		1,068
CBL & Associates Properties ^‡(A)		138,463		1,167
Chesapeake Lodging Trust ^‡		25,190		616
Colony Starwood Homes ^‡		55,091		1,890
CoreCivic ^‡		115,755		3,193
CoreSite Realty ^‡		5,244		543
CyrusOne ^‡		32,312		1,801
DiamondRock Hospitality ^‡(A)		152,088		1,665
Douglas Emmett ^‡		4,298		164
DuPont Fabros Technology ^‡(A)		19,665		1,203
Education Realty Trust ^‡		26,024		1,008
EPR Properties, Cl A ^‡		28,400		2,041
Forest City Realty Trust, Cl A ^‡		22,450		543
Forestar Group *		22,968		394
Franklin Street Properties ^‡		28,037		311
Gaming and Leisure Properties ^‡		66,751		2,514
Hersha Hospitality Trust, Cl A ^‡(A)		72,226		1,337
Highwoods Properties ^‡		53,933		2,735
Hospitality Properties Trust ^‡		46,609		1,359
Howard Hughes *		31,877		3,916
InfraREIT ^‡		33,896		649
Jones Lang LaSalle		16,139		2,017
Lexington Realty Trust ^‡		32,785		325
Life Storage ^‡		6,624		491
Medical Properties Trust ^‡(A)		252,103		3,245
Mid-America Apartment Communities ^‡		8,042		847
New York ^‡		615,558		5,318
Outfront Media ^‡		13,268		307
Realogy Holdings		62,177		2,018
Regency Centers ^‡		7,596		476
RLJ Lodging Trust ^‡		63,653		1,265
Ryman Hospitality Properties ^‡		14,227		911
Sabra Health Care ^‡		24,457		589
Select Income ^‡		25,395		610
STAG Industrial ^‡		26,238		724
Summit Hotel Properties ^‡		40,648		758
Sun Communities ^‡		1,400		123



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Sunstone Hotel Investors ^‡		59,555	$	960
Tier ^‡		18,051		334
Two Harbors Investment ^‡		58,877		583
Washington Prime Group ^‡		151,670		1,269
Xenia Hotels & Resorts ^‡		90,567		1,754

				60,210

Telecommunication Services – 0.3%
Cogent Communications Holdings		12,431		499
Vonage Holdings *		316,379		2,069

				2,568

Utilities – 2.2%
ALLETE		20,433		1,465
Aqua America		34,439		1,147
Atmos Energy		20,484		1,699
Avista		21,700		921
Black Hills, Cl A		6,055		409
CMS Energy		10,600		490
El Paso Electric, Cl A		6,666		345
Great Plains Energy		42,356		1,240
Hawaiian Electric Industries		20,291		657
Idacorp, Cl A		10,909		931
National Fuel Gas		19,648		1,097
Northwest Natural Gas		7,543		451
ONE Gas		13,697		956
Portland General Electric		43,378		1,982
SCANA		10,356		694
SJW Group		9,366		461
Southwest Gas Holdings		15,642		1,143
UGI		35,168		1,703
Vectren		7,055		412

				18,203

Total Common Stock (Cost $513,308) ($ Thousands)				771,145


		Number of Rights
*RIGHTS – 0.0%**
Central European Media Enterprises ^‡‡		53		–
Endo Pharmaceuticals ^‡‡		1,900		–
Safeway CVR–Casa Ley ^‡‡		11,400		12
Dyax CVR, Expires 12/31/2019		6,884		–
Safeway CVR–PDC ^‡‡		11,400		–
Chelseea Therapeutics International CVR ^‡‡		3,004		–

Total Rights (Cost $–) ($ Thousands)				12



Description	Shares		Market Value ($ Thousands)
AFFILIATED PARTNERSHIP – 9.2%
SEI Liquidity Fund, L.P. 1.080% **^†(B)		75,244,003	$	75,226

Total Affiliated Partnership (Cost $75,244) ($ Thousands)				75,226

CASH EQUIVALENT – 5.2%
SEI Daily Income Trust, Government Fund, Cl F 0.760% **^†		42,236,948		42,237

Total Cash Equivalent (Cost $42,237) ($ Thousands)				42,237

Total Investments – 109.1% (Cost $630,789) ($ Thousands) ^@			$	888,620

A list of the open futures contracts held by the Fund at June 30, 2017, is as follows:

Type of Contract

Number of
Contracts
Long (Short)

Expiration Date

Unrealized
Appreciation
(Depreciation)
($ Thousands)

Russell 2000 Index E-MINI

Sep-2017

S&P Mid Cap 400 Index E-MINI

Sep-2017

(1)

$–

Percentages are based on Net Assets of $814,150 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of June 30, 2017.

†	Investment in Affiliated Security.

‡	Real Estate Investment Trust.

‡‡	Expiration date not available.

(A)	Certain securities or partial positions of certain securities are on loan at June 30, 2017. The total market value of securities on loan at June 30, 2017 was $73,793 ($ Thousands).

(B)	This security was purchased with cash collateral held from securities on loan. The total market value of such securities as of June 30, 2017 was $75,226 ($ Thousands).

ADR – American Depositary Receipt

Cl – Class

CVR – Contingent Value Rights

L.P. – Limited Partnership

S&P– Standard & Poor’s

@ At June 30, 2017, the tax basis cost of the Fund’s investments was $630,789 ($ Thousands), and the unrealized appreciation and depreciation were $259,524 ($ Thousands) and $(1,693) ($ Thousands), respectively.

The following is a list of the levels of inputs used as of June 30, 2017 in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	771,145	$	–	$	–	$	771,145
Rights		–		12		–		12
Affiliated Partnership		–		75,226		–		75,226
Cash Equivalent		42,237		–		–		42,237

Total Investments in Securities	$	813,382	$	75,238	$	–	$	888,620


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Appreciation	$	1	$	–	$	–	$	1
Unrealized Depreciation		(1)		–		–		(1)

Total Other Financial Instruments	$	–	$	–	$	–	$	–

* Futures contracts are valued at the unrealized appreciation/(depreciation) on the instrument.

For the period ended June 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended June 30, 2017, there were no transfers from Level 2 into Level 3 assets and liabilities.

For the period ended June 30, 2017, there were no Level 3 investments.

Amounts designated as “–” are $0 or have been rounded to $ 0.

The following is a summary of the transactions with affiliates for the period ended June 30, 2017 ($ Thousands):



Description	Shares		Market Value ($ Thousands)
COMMON STOCK – 95.8%
Consumer Discretionary – 15.8%
Adient		9,400	$	615
Aramark		18,500		758
Bed Bath & Beyond (A)		10,900		331
Best Buy		17,800		1,020
Burlington Stores *		6,900		635
Cooper-Standard Holdings *		1,200		121
Discovery Communications, Cl C *		22,600		570
DR Horton		22,200		767
Extended Stay America		33,500		649
Foot Locker, Cl A		4,500		222
FTD *		3,100		62
Gap		12,500		275
Genuine Parts		8,200		761
Hilton Worldwide Holdings		1,000		62
International Game Technology		19,200		351
Kohl’s (A)		11,083		429
Lear		5,300		753
Lennar, Cl A		2,800		149
Lennar, Cl B		3,000		135
Liberty Interactive QVC Group, Cl A *		29,700		729
LKQ *		22,200		732
lululemon athletica *		9,800		585
Macy’s		20,400		474
Michaels *		5,100		94
NACCO Industries, Cl A		1,500		106
Nutrisystem		1,000		52
NVR *		340		820
PVH		6,500		744
Ross Stores		12,000		693
Royal Caribbean Cruises		8,300		907
Skechers U.S.A., Cl A *		18,700		552
TEGNA		8,000		115
Tempur-Pedic International *(A)		900		48
Thor Industries		3,200		334
Ulta Beauty *		2,900		833
Viacom, Cl B		20,400		685
Wyndham Worldwide		1,000		100
Yum China Holdings *		16,100		635

				17,903

Consumer Staples – 3.1%
Campbell Soup		2,900		151
Clorox		1,200		160
Conagra Brands		21,500		769
Dr Pepper Snapple Group		2,900		264
Ingredion		4,200		501
JM Smucker		2,300		272
Lamb Weston Holdings		12,300		542
Tyson Foods, Cl A		14,100		883

				3,542



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Energy – 4.2%
Devon Energy		26,300	$	841
Marathon Oil		49,800		590
Marathon Petroleum		19,500		1,021
Newfield Exploration *		18,800		535
Noble Energy		22,800		645
Oneok (A)		13,600		709
Tesoro		2,200		206
Williams		7,200		218

				4,765

Financials – 11.5%
American Financial Group		6,900		686
Ameriprise Financial		6,600		840
Citizens Financial Group		24,600		878
CNA Financial		2,300		112
East West Bancorp		10,700		627
Fifth Third Bancorp		11,600		301
Financial Institutions		900		27
Hanover Insurance Group, Cl A		2,200		195
Hartford Financial Services Group		9,900		520
INTL FCStone *		1,200		45
Invesco		20,800		732
Leucadia National		26,300		688
Lincoln National		11,800		797
Loews		15,200		712
LPL Financial Holdings		8,500		361
Navient		21,500		358
Old Republic International		30,400		594
Popular		14,200		592
Principal Financial Group, Cl A		5,800		372
Progressive		9,100		401
Raymond James Financial		10,600		850
Regions Financial		42,200		618
SunTrust Banks		11,900		675
Synchrony Financial		5,700		170
T. Rowe Price Group		2,000		148
Unum Group		17,200		802

				13,101

Health Care – 10.9%
Agilent Technologies		14,600		866
Alexion Pharmaceuticals *		1,900		231
Baxter International		10,400		630
Bruker BioSciences		21,200		611
Centene *		10,600		847
Cerner *		14,700		977
Charles River Laboratories International *		3,300		334
Edwards Lifesciences, Cl A *		4,300		508
Endo International *		20,400		228
HCA Healthcare *		1,700		148
Hill-Rom Holdings		1,800		143



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Hologic *		17,300	$	785
IDEXX Laboratories *		5,300		856
LifePoint Health *		3,300		222
Mallinckrodt *		13,000		583
Mylan *		14,400		559
QIAGEN		2,900		97
Teleflex		700		145
United Therapeutics *		4,300		558
Veeva Systems, Cl A *		9,700		595
WellCare Health Plans *		4,400		790
West Pharmaceutical Services		5,600		529
Zoetis, Cl A		18,000		1,123

				12,365

Industrials – 12.0%
Allison Transmission Holdings		7,100		266
American Woodmark *		1,200		115
Applied Industrial Technologies, Cl A		2,300		136
Arconic		13,200		299
Argan		1,300		78
Armstrong World Industries *		13,200		607
BMC Stock Holdings *		7,000		153
BWX Technologies, Cl W		3,300		161
Continental Building Products *		4,000		93
Crane, Cl A		4,200		333
Cummins		5,800		941
Danaher, Cl A		3,600		304
Fortune Brands Home & Security		7,400		483
Global Brass & Copper Holdings		3,000		92
Huntington Ingalls Industries, Cl A		4,200		782
IDEX		4,100		463
Ingersoll-Rand		9,100		832
Insperity, Cl A		1,900		135
KBR		6,900		105
LSC Communications		4,500		96
MasTec *		3,700		167
Middleby *		2,100		255
Moog, Cl A *		1,200		86
Oshkosh Truck		8,600		592
Owens Corning		5,200		348
Parker-Hannifin, Cl A		3,500		559
Pentair		11,100		739
Rockwell Automation		5,500		891
Spirit AeroSystems Holdings, Cl A		12,000		695
Stanley Black & Decker		2,100		296
Toro		8,900		617
United Continental Holdings *		8,300		625
United Rentals *		5,700		642
Vectrus *		1,400		45
Veritiv *		1,200		54



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
WESCO International *		8,700	$	498

				13,583

Information Technology – 16.4%
Advanced Energy Industries *		6,300		408
Akamai Technologies *		11,600		578
Alpha & Omega Semiconductor *		3,300		55
Applied Materials		15,000		620
Booz Allen Hamilton Holding, Cl A		900		29
CA		1,200		41
CACI International, Cl A *		700		88
Cadence Design Systems *		3,500		117
CDK Global		10,700		664
CDW		13,400		838
Citrix Systems *		2,600		207
Cognizant Technology Solutions, Cl A		2,100		139
CommScope Holding *		17,500		666
CoStar Group *		2,500		659
DST Systems		5,000		308
Electronic Arts *		11,200		1,184
F5 Networks, Cl A *		4,600		584
First Data, Cl A *		6,800		124
Fiserv, Cl A *		3,200		391
Fortinet *		1,600		60
Hackett Group		4,700		73
Intuit		4,400		584
IPG Photonics *		200		29
Jabil Circuit		7,000		204
Juniper Networks		24,900		694
KLA-Tencor		5,000		458
Lam Research		6,300		891
Leidos Holdings		10,900		563
Maxim Integrated Products		16,200		727
Micron Technology *		17,400		520
Motorola Solutions		8,500		737
NetApp		17,800		713
Nvidia		3,200		463
ON Semiconductor *		27,400		385
Red Hat *		1,800		172
Semtech *		5,600		200
Skyworks Solutions		9,000		864
SS&C Technologies Holdings		4,000		154
Symantec, Cl A		13,100		370
Synopsys *		10,500		766
Total System Services		9,700		565
Western Digital		8,700		771

				18,663

Materials – 6.0%
Alcoa		16,000		523
Cabot		5,000		267
Chemours		1,600		61



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Crown Holdings *		11,700	$	698
Freeport-McMoRan, Cl B *		49,300		592
LyondellBasell Industries, Cl A		2,200		186
Newmont Mining		17,200		557
Owens-Illinois *		26,800		641
Packaging Corp of America		6,300		702
Reliance Steel & Aluminum		2,100		153
Southern Copper		17,500		606
Steel Dynamics		20,700		741
Trinseo		1,300		89
Vulcan Materials		1,400		177
WestRock		13,700		776

				6,769

Real Estate – 9.3%
Apple Hospitality ^‡		16,000		299
Ashford Hospitality Prime ^‡		13,300		137
Ashford Hospitality Trust ^‡		13,300		81
Brixmor Property Group ^‡		22,600		404
CBRE Group, Cl A *		21,000		764
Chesapeake Lodging Trust ^‡		14,400		352
Colony NorthStar, Cl A ^‡		21,468		303
CoreCivic ^‡		20,500		565
DDR^‡		6,600		60
Equity Commonwealth *^‡		9,500		300
Franklin Street Properties ^‡		16,400		182
GEO Group ^‡		20,850		617
HCP ^‡		12,800		409
Hospitality Properties Trust ^‡		8,600		251
Host Hotels & Resorts ^‡		15,600		285
InfraREIT ^‡		7,500		144
Outfront Media ^‡		24,000		555
Park Hotels & Resorts		14,100		380
ProLogis ^‡		14,600		856
RMR Group		1,900		92
SBA Communications, Cl A *^‡		6,300		850
Spirit Realty Capital ^‡		60,600		449
Tier ^‡		2,200		41
VEREIT ^‡		82,000		667
Weyerhaeuser ^‡		15,300		513
WP Carey ^‡		9,000		594
Xenia Hotels & Resorts ^‡		18,500		358

				10,508

Telecommunication Services – 0.8%
Telephone & Data Systems		21,300		591
T-Mobile US *		500		30
US Cellular *		6,600		253

				874

Utilities – 5.8%
AES		59,700		663



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Atmos Energy		8,700	$	722
Centerpoint Energy		26,300		720
DTE Energy		5,100		540
Eversource Energy		9,400		571
FirstEnergy		25,500		744
MDU Resources Group		18,600		487
NiSource		6,800		172
PPL		22,300		862
Public Service Enterprise Group		10,400		447
UGI		14,300		692

				6,620

Total Common Stock (Cost $98,292) ($ Thousands)				108,693

AFFILIATED PARTNERSHIP – 1.3%
SEI Liquidity Fund, L.P. 1.080% **^†(B)		1,412,216		1,412

Total Affiliated Partnership (Cost $1,412) ($ Thousands)				1,412

CASH EQUIVALENT – 4.1%
SEI Daily Income Trust, Government Fund, Cl F 0.760%**^†		4,668,701		4,669

Total Cash Equivalent (Cost $4,669) ($ Thousands)				4,669

Total Investments – 101.2% (Cost $104,373) ($ Thousands) @			$	114,774

A list of the open futures contracts held by the Fund at June 30, 2017, is as follows:


Type of Contract	Number of Contracts Long (Short)	Expiration Date		Unrealized Depreciation ($ Thousands)
S&P Mid Cap 400 Index E-MINI	6		Sep-2017		$(4)

Percentages are based on Net Assets of $113,458 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of June 30, 2017.

^†	Investment in Affiliated Security.

^‡	Real Estate Investment Trust.

(A)	Certain securities or partial positions of certain securities are on loan at June 30, 2017. The total market value of securities on loan at June 30, 2017 was $1,396 ($ Thousands).

(B)	This security was purchased with cash collateral held from securities on loan. The total market value of such securities as of June 30, 2017 was $1,412 ($ Thousands).

Cl – Class

L.P. – Limited Partnership

S&P – Standard & Poor’s

@ At June 30, 2017, the tax basis cost of the Fund’s investments was $104,373 ($ Thousands), and the unrealized appreciation and depreciation were $14,810 ($ Thousands) and $(4,409) ($ Thousands), respectively.

The following is a list of the levels of inputs used as of June 30, 2017 in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	108,693	$	–	$	–	$	108,693
Affiliated Partnership		–		1,412		–		1,412
Cash Equivalent		4,669		–		–		4,669

Total Investments in Securities	$	113,362	$	1,412	$	–	$	114,774


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Depreciation	$	(4)	$	–	$	–	$	(4)

Total Other Financial Instruments	$	(4)	$	–	$	–	$	(4)

*Futures contracts are valued at the unrealized depreciation on the instrument.

For the period ended June 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended June 30, 2017, there were no transfers from Level 2 into Level 3 assets and liabilities.

For the period ended June 30, 2017, there were no Level 3 investments.

Amounts designated as “–” are $0 or have been rounded to $0.

The following is a summary of the transactions with affiliates for the period ended June 30, 2017 ($ Thousands):



Description	Shares		Market Value ($ Thousands)

COMMON STOCK — 97.9%

Consumer Discretionary — 9.2%
Aaron’s		13,381	$	521
AMC Entertainment Holdings, Cl A		2,363		54
AMC Networks, Cl A *		35,296		1,885
Aramark		251,461		10,305
Autozone *		4,800		2,738
Bed Bath & Beyond		101,622		3,089
Big Lots		104,306		5,038
BJ’s Restaurants *		4,681		174
Bridgepoint Education *		23,784		351
Brinker International		35,274		1,344
Brunswick		24,318		1,525
Cable One		928		660
Canadian Tire, Cl A		30,700		3,488
Cheesecake Factory		100,737		5,067
Children’s Place		46,400		4,737
Comcast, Cl A		170,200		6,624
Cooper Tire & Rubber		12,465		450
Cooper-Standard Holdings *		7,441		751
Cracker Barrel Old Country Store		4,800		803
Darden Restaurants		135,545		12,259
Del Frisco’s Restaurant Group *		9,995		161
Denny’s, Cl A *		9,349		110
Dollar General		65,245		4,704
Domino’s Pizza		1,978		418
Escalade		5,725		75
Foot Locker, Cl A		39,800		1,961
Gap		67,590		1,486
General Motors		6,779		237
Golden Entertainment *		5,826		121
Graham Holdings, Cl B		1,487		892
Grand Canyon Education *		8,320		652
H&R Block		71,476		2,209
John Wiley & Sons, Cl A		1,662		88
Kohl’s		89,800		3,473
Lear		18,942		2,691
Macy’s		37,300		867
Magna International, Cl A		7,252		336
McDonald’s		25,053		3,837
Michael Kors Holdings *		7,174		260
MSG Networks *		47,561		1,068
Murphy USA *		58,900		4,365
NVR *		1,582		3,814
Office Depot		161,631		912
PetMed Express		14,369		583
Regal Entertainment Group, Cl A		25,239		516
Sally Beauty Holdings *		142,800		2,892
Scripps Networks Interactive, Cl A		51,600		3,525
Six Flags Entertainment		24,452		1,458
Sturm Ruger		74,100		4,605
Target, Cl A		200,400		10,479
Taylor Morrison Home, Cl A *		23,490		564



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Ulta Beauty *		29,966	$	8,610
Urban Outfitters *		117,838		2,185
Viacom, Cl B		40,400		1,356
Visteon *		3,518		359
Walt Disney		123,519		13,124
Yum China Holdings *		92,951		3,665


				150,521


Consumer Staples — 16.4%
Altria Group		287,513		21,411
Blue Buffalo Pet Products *		23,955		546
Bunge		107,639		8,030
Calavo Growers		10,953		756
Cal-Maine Foods		5,155		204
Campbell Soup		70,900		3,697
Clorox		28,015		3,733
Coca-Cola		88,049		3,949
Colgate-Palmolive		116,497		8,636
Costco Wholesale		73,024		11,679
CVS Health		112,600		9,060
Dean Foods		146,830		2,496
Dr Pepper Snapple Group		203,897		18,577
Flowers Foods		216,147		3,741
Fresh Del Monte Produce		108,343		5,516
General Mills		59,058		3,272
Hershey		7,803		838
Ingredion		50,804		6,056
J&J Snack Foods		5,929		783
Kellogg		33,596		2,334
Kimberly-Clark		90,119		11,635
Kroger		361,649		8,434
Lamb Weston Holdings		64,597		2,845
Lancaster Colony		10,346		1,269
McCormick		101,092		9,857
Medifast		4,108		170
Metro, Cl A		92,100		3,027
National Beverage, Cl A		2,338		219
Nu Skin Enterprises, Cl A		5,920		372
PepsiCo		144,888		16,733
Philip Morris International		107,140		12,584
Pinnacle Foods		58,802		3,493
Procter & Gamble		145,553		12,685
Sanderson Farms		56,419		6,525
Snyder’s-Lance		7,954		275
Sysco, Cl A		240,391		12,099
Turning Point Brands *		7,698		118
Tyson Foods, Cl A		161,079		10,088
Universal		41,852		2,708
USANA Health Sciences *		2,400		154
Vector Group		49,650		1,058



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Wal-Mart Stores		463,080	$	35,046


				266,708


Energy — 1.0%
ExxonMobil		111,500		9,002
Marathon Petroleum		68,484		3,584
Overseas Shipholding Group, Cl A *		11,739		31
Par Petroleum *		8,872		160
Valero Energy		63,505		4,284


				17,061


Financials — 14.4%
Access National		1,704		45
ACNB		966		30
Aflac		102,823		7,987
AGNC Investment ^‡		55,100		1,173
Allied World Assurance Holdings		47,000		2,486
Allstate		140,035		12,385
American Financial Group		39,084		3,884
American National Insurance		3,738		435
Annaly Capital Management ^‡		516,100		6,219
Arch Capital Group *		90,931		8,483
Argo Group International Holdings		5,484		332
Aspen Insurance Holdings		76,449		3,811
Assurant		6,765		701
Assured Guaranty		63,492		2,650
Athene Holding, Cl A *		29,717		1,474
Atlas Financial Holdings *		9,959		148
Axis Capital Holdings		231,674		14,980
Baldwin & Lyons, Cl B		14,362		352
Bank of Marin Bancorp		1,723		106
Bank of NT Butterfield & Son		31,168		1,063
BankUnited		32,957		1,111
BB&T		44,500		2,021
Berkshire Hathaway, Cl B *		75,500		12,787
Blue Capital Reinsurance Holdings		6,587		121
BOK Financial		14,596		1,228
Capitol Federal Financial		66,277		942
Carolina Financial		11,871		384
CBOE Holdings		93,375		8,535
Charter Financial		11,684		210
CME Group		60,812		7,616
Codorus Valley Bancorp		1,123		32
Employers Holdings		1,073		45
Enstar Group *		3,173		630
Essent Group *		33,759		1,254
Everest Re Group		98,765		25,145
Farmers Capital Bank		10,047		387
First Business Financial Services		10,525		243
First Foundation *		11,934		196
First Mid-Illinois Bancshares		3,568		122
Genworth MI Canada		71,000		1,951



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Green Dot, Cl A *		23,086	$	890
Houlihan Lokey, Cl A		10,707		374
Intercontinental Exchange		58,482		3,855
International. FCStone *		1,201		45
Invesco Mortgage Capital ^‡		25,452		425
James River Group Holdings		8,608		342
LendingTree *		2,255		388
MBT Financial		8,074		78
MFA Financial ^‡		803,853		6,744
Morningstar, Cl A		5,095		399
National Bank Holdings, Cl A		16,867		559
National Bank of Canada		96,800		4,064
National Commerce *		6,258		248
National General Holdings		26,359		556
New Mountain Finance		142,100		2,068
Nicolet Bankshares *		6,867		376
NMI Holdings, Cl A *		18,050		207
Old Line Bancshares		13,809		389
Old Second Bancorp		15,242		176
PennyMac Financial Services, Cl A *		23,611		394
Peoples Financial Services		3,575		156
People’s Utah Bancorp		1,337		36
PJT Partners		7,563		304
Popular		28,477		1,188
ProAssurance		19,684		1,197
Progressive		65,277		2,878
Prudential Financial		9,298		1,006
Reinsurance Group of America, Cl A		28,810		3,699
RenaissanceRe Holdings		65,934		9,168
RLI		8,944		489
Royal Bank of Canada		58,700		4,256
S&P Global		28,248		4,124
Safety Insurance Group		6,911		472
Southern First Bancshares *		1,667		62
Southern Missouri Bancorp		1,658		54
Starwood Property Trust ^‡		112,600		2,521
Stewart Information Services		6,619		300
Territorial Bancorp		1,427		45
TFS Financial		1,306		20
Third Point Reinsurance *		4,325		60
Travelers		125,308		15,855
TriState Capital Holdings *		579		15
United Financial Bancorp		107,408		1,793
Unum Group		23,576		1,099
US Bancorp		104,936		5,448
Validus Holdings		235,678		12,248
Virtu Financial, Cl A		51,473		909
Voya Financial		68,049		2,510
Washington Federal		19,100		634
Waterstone Financial		17,315		326
Wells Fargo		90,400		5,009



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
White Mountains Insurance Group		303	$	263


				234,425


Health Care — 16.0%
Abbott Laboratories		18,093		880
AbbVie		63,200		4,583
AmerisourceBergen, Cl A		63,022		5,957
Amgen, Cl A		35,233		6,068
Anthem		48,900		9,200
AxoGen *		6,859		115
Baxter International		281,243		17,026
Biogen *		8,489		2,304
Bio-Rad Laboratories, Cl A *		14,688		3,324
Bristol-Myers Squibb		49,966		2,784
Cardinal Health		68,418		5,331
Catalent *		57,731		2,026
Centene *		7,666		612
Chemed		12,514		2,559
Cigna		8,270		1,384
DaVita *		28,831		1,867
Eli Lilly		65,252		5,370
Enzo Biochem *		54,812		605
Express Scripts Holding *		76,936		4,912
Gilead Sciences		51,985		3,680
Haemonetics *		15,348		606
HCA Healthcare *		59,381		5,178
HealthSouth		26,043		1,260
Henry Schein *		7,479		1,369
Heska *		8,619		880
Hill-Rom Holdings		3,338		266
Humana		13,337		3,209
ICON *		21,296		2,083
ICU Medical *		5,492		947
Johnson & Johnson		284,963		37,698
Laboratory Corp of America Holdings *		43,548		6,713
LeMaitre Vascular		26,180		817
Mallinckrodt *		13,213		592
Masimo *		10,546		962
McKesson		19,944		3,282
Merck		540,777		34,658
NeoGenomics *		4,233		38
Owens & Minor		108,393		3,489
Pfizer		836,572		28,100
Prestige Brands Holdings, Cl A *		13,220		698
Quest Diagnostics		98,287		10,926
Quintiles Transnational *		4,642		415
Tactile Systems Technology *		18,933		541
Teleflex		47,140		9,794
Tivity Health *		7,631		304
United Therapeutics *		15,275		1,982
UnitedHealth Group		60,230		11,168
Utah Medical Products		6,072		440



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Varian Medical Systems *		35,967	$	3,711
Vertex Pharmaceuticals *		7,394		953
Vocera Communications *		30,216		798
Waters *		9,210		1,693
WellCare Health Plans *		2,672		480
Zoetis, Cl A		58,434		3,645


				260,282


Industrials — 8.2%
3M		9,651		2,009
Alaska Air Group		6,099		547
American Airlines Group		17,209		866
Blue Bird *		19,903		338
Boeing		45,900		9,077
Danaher, Cl A		5,329		450
Deere		63,600		7,860
Delta Air Lines, Cl A		72,480		3,895
Expeditors International of Washington		36,941		2,086
FedEx		15,900		3,456
Hawaiian Holdings *		16,829		790
JetBlue Airways *		25,685		586
Landstar System		47,800		4,092
Lockheed Martin		35,643		9,895
ManpowerGroup		16,872		1,884
MSC Industrial Direct, Cl A		20,311		1,746
Northrop Grumman		28,208		7,241
Owens Corning		54,682		3,659
Raytheon		39,400		6,362
Republic Services		180,600		11,510
Southwest Airlines, Cl A		26,652		1,656
Spirit AeroSystems Holdings, Cl A		57,775		3,347
Spirit Airlines *		15,212		786
United Continental Holdings *		47,515		3,576
United Parcel Service, Cl B		117,403		12,984
United Technologies		74,500		9,097
Waste Management		315,849		23,168


				132,963


Information Technology — 12.2%
Adobe Systems *		24,848		3,515
Alphabet, Cl A *		1,974		1,835
Amdocs		406,289		26,189
Amkor Technology *		84,695		828
Appfolio, Cl A *		1,905		62
Apple		122,446		17,635
Applied Materials		82,627		3,413
Aspen Technology *		65,091		3,597
Atlassian, Cl A *		34,949		1,230
Booz Allen Hamilton Holding, Cl A		147,269		4,792
Broadridge Financial Solutions		8,745		661
CA		133,402		4,598
Cadence Design Systems *		63,335		2,121



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Cardtronics *		2,065	$	68
CDK Global		5,388		334
CDW		10,584		662
Cisco Systems		293,400		9,183
Citrix Systems *		43,474		3,460
CommVault Systems *		1,349		76
Convergys		97,600		2,321
Corning, Cl B		105,200		3,161
CSG Systems International		10,512		427
Dell Technologies - VMware, Cl V *		92,075		5,627
DST Systems		730		45
eBay *		172,039		6,008
F5 Networks, Cl A *		3,650		464
Forrester Research		23,392		916
HP		60,877		1,064
IAC *		19,104		1,972
Intel		302,674		10,212
International Business Machines		73,000		11,230
Intuit		27,596		3,665
Jabil Circuit		91,536		2,672
Juniper Networks		10,075		281
KLA-Tencor		12,002		1,098
Micron Technology *		10,415		311
Microsoft		32,424		2,235
MINDBODY, Cl A *		14,526		395
Motorola Solutions		105,193		9,124
NetApp		103,750		4,155
ON Semiconductor *		16,387		230
Oracle, Cl B		166,441		8,345
Planet Payment *		8,450		28
Qualcomm		126,000		6,958
RealPage *		26,058		937
Sanmina *		13,464		513
Square, Cl A *		111,563		2,617
Sykes Enterprises *		5,752		193
Symantec, Cl A		326,402		9,221
Synopsys *		50,050		3,650
TE Connectivity		6,534		514
Tech Data *		30,000		3,030
Teradyne		102,309		3,072
VeriSign *		41,600		3,867
Western Union		154,100		2,936


				197,753


Materials — 1.6%
Avery Dennison		44,400		3,924
Bemis		105,684		4,888
GCP Applied Technologies *		3,914		119
Kaiser Aluminum		26,200		2,319
LyondellBasell Industries, Cl A		28,057		2,368
Pan American Silver		61,870		1,041
Schweitzer-Mauduit International		60,500		2,252



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Silgan Holdings		23,800	$	756
Sonoco Products		103,900		5,343
Trinseo		46,600		3,201


				26,211


Real Estate — 3.6%
Anworth Mortgage Asset ^‡		93,474		562
Apollo Commercial Real Estate Finance ^‡		209,092		3,879
Apple Hospitality		186,384		3,487
Brixmor Property Group ^‡		145,800		2,607
Capstead Mortgage ^‡		106,351		1,109
Chimera Investment ^‡		11,884		221
City Office		25,978		330
Easterly Government Properties ^‡		40,203		842
Four Corners Property Trust ^‡		21,473		539
Gaming and Leisure Properties ^‡		66,724		2,513
Getty Realty ^‡		6,437		162
Great Ajax ^‡		7,494		105
Hospitality Properties Trust ^‡		42,833		1,249
Host Hotels & Resorts ^‡		137,341		2,509
LaSalle Hotel Properties ^‡		92,711		2,763
Mack-Cali Realty ^‡		22,646		615
Mid-America Apartment Communities ^‡		34,700		3,657
Monogram Residential Trust ^‡		89,040		865
MTGE Investment		59,245		1,114
National Health Investors ^‡		57,000		4,514
New Residential Investment ^‡		9,016		140
Outfront Media ^‡		4,431		102
Owens Realty Mortgage ^‡		5,035		85
Piedmont Office Realty Trust, Cl A ^‡		307,292		6,478
PS Business Parks ^‡		7,787		1,031
Retail Properties of America, Cl A ^‡		315,600		3,853
RLJ Lodging Trust ^‡		24,335		483
RMR Group		8,609		419
Ryman Hospitality Properties		9,041		579
Select Income ^‡		15,967		384
Senior Housing Properties Trust ^‡		156,600		3,201
Sun Communities ^‡		7,627		669
Tanger Factory Outlet Centers ^‡		23,300		605
Two Harbors Investment ^‡		644,000		6,382


				58,053


Telecommunication Services — 5.1%
AT&T		740,392		27,935
BCE		82,400		3,705
Hawaiian Telcom Holdco *		11,863		297
Nippon Telegraph & Telephone ADR		86,900		4,095
NTT DoCoMo ADR		260,300		6,156
Rogers Communications, Cl B		13,165		622
SK Telecom ADR		191,000		4,903
TELUS		196,372		6,772



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Verizon Communications		656,295	$	29,310


				83,795


Utilities — 10.2%
AES		161,834		1,798
ALLETE		10,633		762
Ameren		111,000		6,068
American Electric Power		230,540		16,016
AquaVenture Holdings *		4,626		70
Avista		12,265		521
California Water Service Group, Cl A		9,522		350
Centerpoint Energy		128,620		3,522
Chesapeake Utilities		7,406		555
CMS Energy		76,614		3,543
Consolidated Edison		86,400		6,983
DTE Energy		24,700		2,613
Edison International		136,510		10,674
El Paso Electric, Cl A		24,847		1,285
Entergy		163,387		12,543
Exelon		645,955		23,300
FirstEnergy		229,300		6,686
Hawaiian Electric Industries		97,419		3,154
Idacorp, Cl A		16,702		1,426
Korea Electric Power ADR		172,200		3,094
MGE Energy		4,670		301
Northwest Natural Gas		17,621		1,055
NorthWestern		21,996		1,342
OGE Energy		6,909		240
PG&E		101,509		6,737
Pinnacle West Capital		59,759		5,089
PNM Resources		17,377		665
Portland General Electric		193,105		8,823
PPL		278,832		10,780
Public Service Enterprise Group		263,097		11,316
SCANA		80,300		5,381
Southwest Gas Holdings		9,490		693
Spire		2,642		184
Unitil		22,335		1,079
Vectren		6,761		395
Xcel Energy		137,788		6,322


				165,365

Total Common Stock (Cost $1,338,193) ($ Thousands)				1,593,137



Description	Shares		Market Value ($ Thousands)

CASH EQUIVALENT — 2.0%
SEI Daily Income Trust, Government Fund, Cl F 0.760%**^†		32,654,471	$	32,654


Total Cash Equivalent (Cost $32,654) ($ Thousands)				32,654


Total Investments — 99.9% (Cost $1,370,847) ($ Thousands) @			$	1,625,791

A list of the open futures contracts held by the Fund at June 30, 2017, is as follows:

Type of Contract

Number of
Contracts
Long

Expiration Date

Unrealized
Depreciation
($ Thousands)

S&P 500 Index E-MINI

166

Sep-2017

$(113)

Percentages are based on Net Assets of $1,626,872 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of June 30, 2017.

^†	Investment in Affiliated Security.

^‡	Real Estate Investment Trust.

ADR — American Depositary Receipt

Cl — Class

S&P — Standard & Poor’s

@ At June 30, 2017, the tax basis cost of the Fund’s investments was $1,370,847 ($ Thousands), and the unrealized appreciation and depreciation were $288,157 ($ Thousands) and $(33,213)

($ Thousands), respectively.

The following is a list of the level of inputs used as of June 30, 2017 in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):



Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	1,593,137	$	–	$	–	$	1,593,137
Cash Equivalent		32,654		–		–		32,654

Total Investments in Securities	$	1,625,791	$	–	$	–	$	1,625,791



Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Depreciation	$	(113)	$	—	$	—	$	(113)

Total Other Financial Instruments	$	(113)	$	—	$	—	$	(113)

*Futures contracts are valued at the unrealized depreciation on the instrument.

For the period ended June 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended June 30, 2017, there were no transfers from Level 2 into Level 3 assets and liabilities.

For the period ended June 30, 2017, there were no Level 3 investments.

Amounts designated as “—” are $0 or have been rounded to $0.

The following is a summary of the transactions with affiliates for the period ended June 30, 2017 ($ Thousands):



Description	Shares		Market Value ($ Thousands)

COMMON STOCK — 97.5%
Australia — 3.5%
AGL Energy		288,364	$	5,640
ASX		4,753		195
Aurizon Holdings		553,239		2,274
AusNet Services		581,811		774
Coca-Cola Amatil		354,615		2,511
Cochlear		8,786		1,048
Computershare		266,174		2,887
Crown Resorts		36,583		345
CSL		73,858		7,820
Flight Centre Travel Group		38,106		1,119
Harvey Norman Holdings		35,035		103
LendLease Group		186,932		2,387
Orica		55,091		874
Sonic Healthcare		65,391		1,215
South32		1,019,093		2,095
Stockland^‡		191,390		643
Telstra, Cl B		1,635,953		5,396
Wesfarmers		380,146		11,699

				49,025


Austria — 1.5%
Agrana Beteiligungs		4,280		558
Erste Group Bank		16,661		637
EVN		5,476		82
Oberbank		594		53
Oesterreichische Post		72,220		3,133
OMV		33,158		1,718
POLYTEC Holding		8,743		164
Raiffeisen Bank International		32,776		826
Telekom Austria, Cl A		91,176		715
UNIQA Insurance Group		29,202		272
Verbund		81,336		1,548
voestalpine		238,610		11,104

				20,810


Belgium — 0.7%
Colruyt		97,504		5,129
Elia System Operator		14,080		796
Proximus SADP		119,495		4,175
Sipef		1,318		95

				10,195


Canada — 7.6%
Atco, Cl I		122,277		4,775
Bank of Montreal		135,517		9,936
Barrick Gold		183,900		2,921
BCE		176,983		7,970
BTB^‡		7,200		26
Canadian Imperial Bank of Commerce		61,668		5,004
Canadian Tire, Cl A		16,200		1,841
Canadian Utilities, Cl A		44,008		1,412
CCL Industries, Cl B		79,000		3,991



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Cineplex		6,510	$	265
Constellation Software		2,600		1,358
Dollarama		40,800		3,893
Emera		125,729		4,667
Empire, Cl A		2,500		43
First Capital Realty		32,593		496
George Weston		78,043		7,054
Goldcorp		41,600		536
H&R^‡		102,400		1,736
Intact Financial		37,300		2,814
Jean Coutu Group PJC, Cl A		28,100		431
Kinross Gold *		361,100		1,465
Loblaw		70,100		3,894
Maple Leaf Foods		47,627		1,201
Metro, Cl A		118,200		3,884
Morguard^‡		5,637		63
Morguard North American Residential		4,900		58
National Bank of Canada		216,700		9,099
Open Text		24,907		785
Pure Industrial Real Estate Trust ^‡		164,000		869
RioCan^‡		106,800		1,979
Rogers Communications, Cl B		246,510		11,626
Royal Bank of Canada		7,386		535
Saputo		40,800		1,296
Shaw Communications, Cl B		267,701		5,831
Toronto-Dominion Bank		86,194		4,337

				108,091


Denmark — 2.0%
Carlsberg, Cl B		91,305		9,742
Coloplast, Cl B		9,610		802
GN Store Nord		144,323		4,209
ISS		23,100		906
Novo Nordisk, Cl B		144,432		6,177
Royal Unibrew		32,334		1,549
Schouw		6,845		733
TDC		183,069		1,063
United International Enterprises		266		56
William Demant Holding *		108,836		2,813

				28,050


Finland — 0.1%
DNA		1,910		30
Orion, Cl A		2,673		170
Orion, Cl B		12,022		767
Raisio, Cl V		10,444		43

				1,010


France — 1.3%
Aeroports de Paris, Cl A		12,008		1,935
Albioma		4,242		98
Atos		5,857		821
Boiron		654		64



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Credit Agricole		391,673	$	6,292
Dassault Aviation		1,216		1,696
Engie		226,917		3,420
Eutelsat Communications		23,696		604
GL Events		3,124		88
Groupe Guillin		3,090		142
Metropole Television		20,142		468
Rallye		14,608		300
Rubis SCA		10,376		1,175
SPIE		20,569		617
Vilmorin & Cie		2,344		191

				17,911


Germany — 1.2%
Aareal Bank		20,964		830
Bijou Brigitte		483		33
Celesio		11,402		348
Freenet		166,756		5,311
KWS Saat		697		274
MAN		2,451		262
Merck KGaA		38,721		4,670
Metro AG		68,795		2,319
MVV Energie		2,427		63
Rhoen Klinikum		99,275		2,895
Suedzucker		27,344		569
Wuestenrot & Wuerttembergische		2,490		54

				17,628


Guernsey — 0.6%
Amdocs		141,376		9,113


Hong Kong — 4.4%
ASM Pacific Technology		342,900		4,634
BOC Hong Kong Holdings		424,500		2,031
CK Infrastructure Holdings		580,000		4,874
CLP Holdings, Cl B		1,624,656		17,190
First Pacific		756,000		558
Guoco Group		8,000		92
HK Electric Investments & HK Electric Investments (A)		1,691,500		1,556
HKT Trust & HKT		2,487,000		3,262
Hong Kong Aircraft Engineering		12,000		82
Hongkong & Shanghai Hotels		98,500		178
Hopewell Holdings		52,000		198
Hutchison Port Holdings, Cl U		1,348,000		580
Hysan Development		47,000		224
Kerry Properties		257,000		872
Li & Fung		378,000		138
Link^‡		736,000		5,600
Miramar Hotel & Investment		70,000		162
MTR		539,000		3,035
New World Development		437,000		555
NWS Holdings		238,000		468
PCCW		1,947,000		1,107



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Power Assets Holdings		343,500	$	3,034
Regal Hotels International Holdings		340,000		298
Shangri-La Asia		332,000		563
Sun Hung Kai Properties		17,000		250
Sunlight^‡		233,000		153
Swire Pacific, Cl A		103,000		1,006
Transport International Holdings, Cl B		56,800		184
WH Group (A)		5,417,500		5,469
Wharf Holdings		35,000		290
Wheelock		195,000		1,471
Yue Yuen Industrial Holdings		549,500		2,281

				62,395


Ireland — 0.1%
Hibernia^‡		341,851		536
UDG Healthcare		22,663		255

				791


Israel — 1.6%
Amot Investments		110,328		578
Ashtrom Group		16,195		54
Bank Hapoalim		1,388,058		9,362
Bank Leumi Le-Israel		1,523,061		7,408
Big Shopping Centers		2,164		154
Electra Consumer Products 1970		2,233		45
Foresight Autonomous Holdings *		168,864		278
Israel Discount Bank, Cl A *		1,312,866		3,461
Maabarot Products		1,705		32
Mediterranean Towers		18,208		31
Rami Levi Chain Stores Hashikma Marketing 2006		2,045		100
Shufersal		145,438		764
Strauss Group		7,046		138

				22,405


Italy — 1.1%
Banca Mediolanum		394,738		3,271
Hera		1,651,751		5,041
Iren		234,958		544
Orsero *		2,700		41
Terna Rete Elettrica Nazionale		1,165,967		6,285

				15,182


Japan — 7.5%
Aeon Hokkaido		17,100		92
Ahjikan		2,500		28
Albis		4,900		224
Alfresa Holdings		9,400		181
Alpen		38,669		689
Amiyaki Tei		1,100		41
Asante		2,200		38
Astellas Pharma		118,300		1,447
Atsugi		139,000		150
Bookoff		6,100		43



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Brother Industries		37,400	$	863
Can Do		4,500		68
Canon		133,200		4,524
Central Sports		2,800		112
Computer Institute of Japan		24,800		125
Daiichi Sankyo		185,579		4,372
Daisyo		1,700		27
Dunlop Sports		7,921		79
Dydo Drinco		36,590		1,843
Earth Chemical		20,300		1,044
EDION		39,200		356
Eisai		61,600		3,402
EMS-Chemie Holding		4,333		3,199
Feed One		91,900		187
Fujitsu		302,000		2,225
Fujiya		17,100		382
G-7 Holdings, Cl 7		9,000		173
Gakkyusha		2,900		40
HABA Laboratories		1,500		49
Hakudo		2,200		33
Heiwa		3,000		67
Hoya		52,400		2,720
Idemitsu Kosan		6,000		170
Imuraya Group		1,200		25
Invesco Office		514		480
Itochu-Shokuhin		2,003		84
Japan Logistics Fund ^‡		151		314
Japan Tobacco		113,100		3,973
J-Oil Mills		2,500		89
Kadoya Sesame Mills		1,000		45
Kato Sangyo		29,100		781
KDDI		96,100		2,544
Keiyo		42,700		297
Key Coffee		1,600		31
King Jim		3,200		27
Kohnan Shoji		69,746		1,299
Kohsoku		2,600		25
Koike-ya		400		18
Kourakuen Holdings		5,500		89
Kurimoto		8,700		158
Kyokuyo		14,200		391
KYORIN Holdings		86,800		1,925
Kyoritsu Printing		19,100		57
Kyoto Kimono Yuzen		9,200		77
LaSalle Logiport		812		819
Mars Engineering		2,500		55
Marubeni		332,300		2,147
Marudai Food		42,636		200
Maruha Nichiro		67,673		1,788
Maruzen CHI Holdings *		10,800		35
Matsuya Foods		20,216		757
McDonald’s Holdings Japan		36,700		1,408



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Medipal Holdings		18,300	$	338
Ministop		47,755		1,000
Mitsubishi		43,300		908
Mitsubishi Gas Chemical		105,900		2,238
Mitsubishi Tanabe Pharma		294,400		6,802
Mitsui		207,300		2,962
Mitsui Sugar		16,800		487
Miyoshi Oil & Fat		7,600		97
Mochida Pharmaceutical		6,300		454
Mory Industries		4,000		82
MOS Food Services		58,058		1,785
Mr Max		76,103		370
NAC		3,100		28
Nakamuraya		900		41
Nihon Yamamura Glass		101,000		164
Nintendo		8,100		2,716
NIPPON		174		461
Nippon Beet Sugar Manufacturing		5,000		96
Nippon BS Broadcasting		8,200		91
Nippon Express		150,000		939
Nippon Flour Mills		68,534		1,099
Nippon Koshuha Steel		59,000		44
Nippon Valqua Industries		1,600		32
Nisshin Oillio Group		229,760		1,348
Nissui Pharmaceutical		6,700		82
NTT DOCOMO		256,700		6,059
Ohmoto Gumi		4,000		32
Ohsho Food Service		6,400		244
Okinawa Electric Power		78,210		1,787
Okuwa		10,000		115
Ootoya Holdings		1,500		27
Oracle Japan		42,600		2,764
Osaka Gas		832,000		3,402
Parco		17,800		214
PIA		2,700		91
Plenus		25,400		536
Proto		3,600		56
Renaissance		3,200		56
Rock Field		18,762		322
Sagami Chain		6,300		79
Satori Electric		8,400		62
SD Entertainment		4,200		50
Sega Sammy Holdings		10,900		147
Senshukai		9,500		68
Shikibo		82,000		107
Shimachu		5,000		119
Shoei Foods		4,700		139
Showa Sangyo		29,000		160
Soken Chemical & Engineering		3,400		44
ST		7,000		164
Starzen		12,700		556
Studio Alice		17,532		357



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Sumitomo		35,200	$	458
Sumitomo Dainippon Pharma		96,900		1,322
Suzuken		8,474		281
Taiko Pharmaceutical		20,900		412
Taisho Pharmaceutical Holdings		3,500		266
Takara Holdings		86,700		903
Takeda Pharmaceutical		6,500		330
Tokai		4,805		190
Tokyo Gas		102,000		530
Tokyo Theatres		169,000		214
Toppan Printing		96,000		1,053
Trend Micro		41,000		2,113
Tsumura		61,300		2,488
United Super Markets Holdings		28,400		300
VIA Holdings		18,900		164
Vital KSK Holdings		59,400		484
WIN-Partners		9,200		106
Yamatane		4,000		58
Yasuda Logistics		7,900		52
Yellow Hat		9,500		227
Yoshinoya Holdings		177,004		2,952
Zensho Holdings		14,800		269
ZERIA Pharmaceutical		19,300		357

				106,881


Luxembourg — 0.2%
RTL Group		18,720		1,411
SES, Cl A		68,546		1,605

				3,016


Netherlands — 0.2%
ABN AMRO Group GDR (A)		30,351		803
Amsterdam Commodities		1,871		61
ForFarmers		15,230		171
Heineken Holding		10,566		967
Sligro Food Group		7,802		343

				2,345


New Zealand — 2.1%
Argosy Property ^‡		361,070		275
Arvida Group		198,566		195
Auckland International Airport		761,530		3,976
Chorus		401,827		1,362
Contact Energy		1,403,586		5,354
EBOS Group		12,880		165
Fisher & Paykel Healthcare		604,761		5,070
Fletcher Building		509,693		2,982
Freightways		22,267		125
Genesis Energy		72,181		128
Goodman Property Trust ^‡		408,851		374
Kiwi Property Group ^‡		541,996		560
Mainfreight		3,460		59
Mercury NZ		591,544		1,438



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Meridian Energy		129,503	$	276
Property for Industry		67,432		81
Ryman Healthcare		181,369		1,101
Sanford		10,470		54
Sky City Entertainment Group		706,852		2,112
Spark New Zealand		1,573,533		4,355
Trustpower		3,881		15
Vector		64,001		156
Vital Healthcare Property Trust ^‡		32,417		54

				30,267


Norway — 1.6%
Austevoll Seafood		16,866		143
Leroey Seafood Group		64,814		351
Marine Harvest		209,655		3,577
Norsk Hydro		446,744		2,468
Orkla		1,036,596		10,500
Selvaag Bolig		11,051		42
Telenor		314,313		5,197

				22,278


Panama — 0.3%
Carnival		76,433		5,012


Portugal — 0.1%
Redes Energeticas Nacionais		665,000		2,079


Singapore — 1.5%
AIMS AMP Capital Industrial		53,700		58
Ascendas Hospitality Trust ^‡		130,400		78
BreadTalk Group		39,300		43
Cache Logistics Trust ^‡		244,700		163
CapitaLand Commercial Trust ^‡		2,430,200		2,930
CapitaMall Trust ^‡		933,600		1,339
CDL Hospitality Trusts ^‡		206,600		248
ComfortDelGro		731,100		1,221
Far East Hospitality Trust ^‡		419,700		204
First^‡		121,400		118
Fraser and Neave		20,400		35
Frasers Hospitality Trust		111,100		59
Genting Singapore		406,100		320
Global Logistic Properties		417,900		868
Mapletree Greater China Commercial Trust ^‡		265,000		208
Mapletree Logistics Trust		739,000		641
OUE		55,100		78
OUE Hospitality Trust ^‡		142,400		77
SATS		248,900		924
Sheng Siong Group		222,500		160
SIA Engineering		86,100		255
Singapore Airlines		14,000		103
Singapore Press Holdings ^‡		586,900		1,377
Singapore Technologies Engineering		286,200		765
Soilbuild Business Space		201,200		105
SPH		90,400		66



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
StarHub		1,766,167	$	3,489
Venture		255,359		2,235
Viva Industrial Trust ^‡		166,300		107
Wilmar International		1,286,500		3,130

				21,404


Spain — 0.5%
Acciona		5,115		449
Ebro Foods		95,180		2,171
Iberdrola		614,821		4,862

				7,482


Sweden — 2.3%
AarhusKarlshamn		4,573		333
Axfood		322,245		5,372
Catena		2,764		44
Clas Ohlson, Cl B		10,213		196
Cloetta, Cl B		60,697		250
Essity, Cl B *		117,325		3,206
ICA Gruppen		166,319		6,184
Svenska Cellulosa SCA, Cl B		117,325		887
Swedish Match		366,358		12,887
Tele2, Cl B		16,130		169
TeliaSonera		550,774		2,533

				32,061


Switzerland — 6.2%
ABB		146,300		3,618
Allreal Holding, Cl A		18,284		3,313
Alpiq Holding		2,180		187
Baloise Holding		2,611		404
Barry Callebaut		213		293
Bell		243		116
BKW		10,313		606
Chocoladefabriken Lindt & Spruengli		7		489
Coca-Cola HBC		77,480		2,273
Conzzeta		218		216
Dufry *		7,742		1,270
Emmi		487		367
Flughafen Zuerich		16,588		4,077
Forbo Holding		558		915
Intershop Holding		158		79
Kaba Holding		1,291		1,123
Kuehne & Nagel International		898		150
Mobimo Holding		5,838		1,640
Nestle		228,092		19,876
Novartis		172,420		14,368
Panalpina Welttransport Holding		1,484		209
Pargesa Holding		1,821		139
Roche Holding		20,257		5,166
Schindler Holding		11,480		2,432
SGS, Cl B		591		1,433
Siegfried Holding		3,353		948



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Sika		109	$	701
Sonova Holding		43,215		7,026
Straumann Holding		826		470
Swiss Prime Site		43,495		3,956
Swisscom		11,567		5,589
Valora Holding		8,393		2,686
Ypsomed Holding		8,218		1,664
Zug Estates Holding, Cl B		43		83

				87,882


United Kingdom — 3.5%
A.G. Barr		15,592		125
Aviva		19,043		130
British American Tobacco		32,400		2,203
Britvic		291,862		2,623
Carnival		17,559		1,159
Centrica		134,542		350
Close Brothers Group		78,263		1,534
Cranswick		27,762		1,011
Diageo		267,834		7,892
Eurocell		7,373		25
F&C Investments ^‡		27,598		38
Focusrite		6,827		27
G4S		74,168		314
GlaxoSmithKline		292,118		6,206
Grainger		14,911		51
Greggs		119,785		1,680
Imperial Brands		168,922		7,567
John Menzies		14,366		132
Joules Group		33,564		131
Kingfisher		1,629,119		6,363
Mcbride		20,797		51
Melrose Industries		40,201		127
Microgen		14,503		60
Moneysupermarket.com Group		75,250		346
National Express Group		138,234		658
QinetiQ Group		191,591		672
Rank Group		13,575		42
Reckitt Benckiser Group		1,442		146
Rentokil Initial		309,043		1,097
Rightmove		41,784		2,307
Rio Tinto		11,801		573
Sage Group		22,987		205
Secure Income ^‡		20,229		91
Softcat		114,574		587
SSE		123,940		2,339
SSP Group		30,951		191
Tate & Lyle		9,411		81
Tritax Big Box ^‡		222,506		422
ULS Technology *		3,220		5

				49,561



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
United States — 45.8%
AbbVie		26,632	$	1,931
AGNC Investment ^‡		809,764		17,240
Altimmune		6,141		20
Altria Group		186,895		13,918
American National Insurance		3,192		372
AmerisourceBergen, Cl A		10,207		965
Amgen, Cl A		2,550		439
Annaly Capital Management ^‡		751,964		9,061
Appfolio, Cl A *		7,492		244
Apple Hospitality ^‡		30,958		579
AptarGroup		497		43
Ares Commercial Real Estate ^‡		86,492		1,132
AVX		19,461		318
BankFinancial		7,144		107
Baxter International		18,777		1,137
Beneficial Bancorp		223,104		3,347
Berkshire Hathaway, Cl B *		59,964		10,156
Bio-Rad Laboratories, Cl A *		47,156		10,672
Blue Buffalo Pet Products *		57,677		1,316
CACI International, Cl A *		19,295		2,413
Capitol Federal Financial		342,124		4,862
Chemed		52,849		10,809
Church & Dwight		36,141		1,875
Churchill Downs		286		52
Cisco Systems		270,722		8,474
Citizens Financial Group		92,753		3,309
Clorox		106,491		14,189
Coca-Cola		217,458		9,753
Colgate-Palmolive		135,965		10,079
Comcast, Cl A		254,004		9,886
Consolidated Edison		6,054		489
Costco Wholesale		58,852		9,412
Danaher, Cl A		116,227		9,808
Darden Restaurants		49,860		4,509
DaVita HealthCare Partners *		133,753		8,662
Dr Pepper Snapple Group		23,365		2,129
DST Systems		50,788		3,134
EchoStar, Cl A *		4,062		247
Ellington Residential Mortgage ^‡		6,136		90
Estee Lauder, Cl A		93,420		8,966
Exelon		221,942		8,005
Expeditors International of Washington		43,064		2,432
Express Scripts Holding *		18,859		1,204
First Northwest Bancorp *		6,976		110
Fresh Del Monte Produce		110,823		5,642
Gap		141,728		3,117
General Electric		284,327		7,680
Gilead Sciences		102,774		7,274
Haemonetics *		3,645		144
Henry Schein *		40,057		7,331
Hershey		19,372		2,080



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Hill-Rom Holdings		3,943	$	314
Home Depot		63,923		9,806
HRG Group *		7,118		126
Humana		606		146
IAC *		35,296		3,644
Intuitive Surgical *		6,288		5,882
J&J Snack Foods		15,226		2,011
Jack Henry & Associates		29,149		3,028
Johnson & Johnson		151,599		20,055
Kaiser Aluminum		59,837		5,297
Kearny Financial		235,945		3,504
Kellogg		64,509		4,481
Kimball International, Cl B		35,321		589
Kimberly-Clark		75,642		9,766
KLA-Tencor		6,650		609
LifePoint Health *		48,343		3,246
Lincoln National		142,711		9,644
Live Nation *		73,201		2,551
Luminex		7,275		154
Madison Square Garden *		6,697		1,319
ManpowerGroup		60,751		6,783
Masimo *		56,300		5,133
MasterCard, Cl A		49,697		6,036
McDonald’s		106,136		16,256
Medifast		12,397		514
Merck		157,053		10,066
Meridian Bancorp		59,696		1,009
MetLife		184,401		10,131
Mettler Toledo International *		17,574		10,343
MTGE Investment ^‡		105,065		1,975
National Healthcare		12,906		905
National Western Life Group, Cl A		1,518		485
NetApp		55,680		2,230
New York Times, Cl A		99,956		1,769
NII Holdings *		239,865		193
Northfield Bancorp		27,753		476
Northrop Grumman		9,690		2,488
NorthStar Realty Europe ^‡		141,438		1,793
Northwest Bancshares		249,654		3,897
Oil-Dri Corp of America		1,780		75
Owens & Minor		160,461		5,165
PepsiCo		106,334		12,281
Pfizer		286,099		9,610
Philip Morris International		88,791		10,428
PJT Partners		3,853		155
PRA Health Sciences *		11,334		850
Prestige Brands Holdings, Cl A *		13,188		696
Procter & Gamble		181,412		15,810
Prudential Financial		78,796		8,521
Quest Diagnostics		107,105		11,906
RCI Hospitality Holdings		14,074		336
Reinsurance Group of America, Cl A		37,422		4,805



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Reliance Steel & Aluminum		123,148	$	8,966
Republic Services		178,981		11,406
Scholastic, Cl B		48,823		2,128
SI Financial Group		2,463		40
Solar Senior Capital		2,221		37
Southern		121,989		5,841
Spectrum Brands Holdings		74,943		9,371
Starwood Property Trust ^‡		18,954		424
Sykes Enterprises *		1,842		62
Symantec, Cl A		112,132		3,168
Synopsys *		77,048		5,619
Sysco, Cl A		260,549		13,113
Teleflex		52,522		10,912
Telephone & Data Systems		49,849		1,383
Timberland Bancorp		1,923		49
Travelport Worldwide		32,197		443
Trustco Bank NY		91,826		712
Tyson Foods, Cl A		79,386		4,972
United Parcel Service, Cl B		81,596		9,024
United Therapeutics *		50,917		6,605
UnitedHealth Group		1,311		243
Unitil		16,514		798
Universal		84,470		5,465
Varian Medical Systems *		70,824		7,308
Vector Group		166,236		3,544
VMware, Cl A *		63,569		5,558
Voya Financial		285,179		10,520
Wal-Mart Stores		123,212		9,325
Walt Disney		93,497		9,934
Washington Federal		25,641		851
Waste Management		145,909		10,702
Waterstone Financial		28,550		538
WD-40		1,373		151
Zions Bancorporation		16,735		735

				650,402


Total Common Stock (Cost $1,184,581) ($ Thousands)				1,383,276


PREFERRED STOCK — 0.3%
Germany — 0.3%
Henkel & KGaA		25,051		3,443


Sweden — 0.0%
Akelius Residential Property		11,767		447


Total Preferred Stock (Cost $3,751) ($ Thousands)				3,890



Description	Number of Rights		Market Value ($ Thousands)

RIGHTS — 0.0%
New Zealand — 0.0%
Kiwi Property Group, Expires 07/13/2017		45,166		$ 2


Total Rights (Cost $—) ($ Thousands)				2


	Shares

CASH EQUIVALENT — 1.7%
SEI Daily Income Trust, Government Fund, Cl F 0.760%^**†		24,591,297		24,591


Total Cash Equivalent (Cost $24,591) ($ Thousands)				24,591


Total Investments — 99.5% (Cost $1,212,923) ($ Thousands) @				$ 1,411,759

A list of the open futures contracts held by the Fund at June 30, 2017, is as follows:


Type of Contract	Number of Contracts Long	Expiration Date	Unrealized Appreciation (Depreciation) ($ Thousands)
DJ Euro Stoxx 50 Index	63	Sep-2017	$(81)
FTSE 100 Index	15	Sep-2017	(29)
Hang Seng Index	2	Jul-2017	(1)
S&P 500 Index E-MINI	89	Sep-2017	(48)
SPI 200 Index	8	Sep-2017	(6)
TOPIX Index	10	Sep-2017	5

			$(160)


A list of the open forward foreign currency contracts held by the Fund at June 30, 2017 is as follows:
Settlement Date		Currency to Deliver (Thousands)			Currency To Receive (Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
07/28/17	USD		104	SGD		144		$1
07/28/17	USD		98	SGD		135		—
07/28/17	USD		133	NOK		1,120		1
07/28/17	USD		123	NOK		1,031		—
07/28/17	USD		180	NZD		247		—
07/28/17	USD		177	NZD		242		—
07/28/17	USD		413	DKK		2,705		3
07/28/17	USD		242	HKD		1,888		—
07/28/17	USD		208	HKD		1,620		—
07/28/17	USD		588	SEK		5,012		8
07/28/17	USD		199	JPY		22,264		—
07/28/17	USD		548	JPY		61,479		—
07/28/17	USD		405	AUD		533		3
07/28/17	USD		362	AUD		472		—
07/28/17	USD		896	GBP		693		5
07/28/17	USD		1,320	CHF		1,266		4
07/28/17	USD		1,747	CAD		2,283		12
07/28/17	USD		39	CAD		51		—
07/28/17	USD		2,044	EUR		1,800		11
07/28/17	SGD		13,286	USD		9,577		(79)
07/28/17	GBP		21,128	USD		26,942		(518)
07/28/17	GBP		35	USD		46		—
07/28/17	NZD		21,344	USD		15,589		(29)
07/28/17	AUD		38,761	USD		29,406		(312)
07/28/17	CHF		46,528	USD		48,029		(645)
07/28/17	CHF		114	USD		119		—
07/28/17	EUR		55,657	USD		62,451		(1,104)
07/28/17	EUR		64	USD		73		—
07/28/17	CAD		66,245	USD		50,053		(987)
07/28/17	DKK		83,550	USD		12,606		(231)
07/28/17	DKK		70	USD		11		—
07/28/17	NOK		97,968	USD		11,556		(148)
07/28/17	SEK		112,800	USD		12,965		(430)
07/28/17	HKD		228,682	USD		29,345		28
07/28/17	JPY		5,712,840	USD		51,332		427
07/28/17	JPY		40,356	USD		359		(1)

								$(3,981)


Counterparty	Currency to Deliver ($ Thousands)		Currency to Receive ($ Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
Brown Brothers Harriman		$(374,311)		$370,330		$(3,981)

						$(3,981)

Percentages are based on Net Assets of $1,418,644 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of June 30, 2017.

^†	Investment in Affiliated Security.

^‡	Real Estate Investment Trust.

(A)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On June 30, 2017, the value of these securities amounted to $7,828 ($ Thousands), representing 0.6% of the Net Assets of the Fund.

AUD — Australian Dollar

CAD — Canadian Dollar

CHF — Swiss Franc

Cl — Class

DJ — Dow Jones

DKK — Danish Krone

EUR — Euro

FTSE— Financial Times and Stock Exchange

GBP — British Pound Sterling

HKD — Hong Kong Dollar

JPY — Japanese Yen

NOK — Norwegian Krone

NZD — New Zealand Dollar

S&P— Standard & Poor’s

SEK — Swedish Krona

SGD — Singapore Dollar

SPI — Share Price Index

TOPIX — Tokyo Stock Price Index

USD — United States Dollar

@ At June 30, 2017, the tax basis cost of the Fund’s investments was $1,212,923 ($ Thousands), and the unrealized appreciation and depreciation were $215,417 ($ Thousands) and $(16,581) ($Thousands), respectively.

The following is a list of the level of inputs used as of June 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):



Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	1,379,862	$	3,414	$	–	$	1,383,276
Preferred Stock		3,890		–		–		3,890
Right		2		–		–		2
Cash Equivalent		24,591		–		–		24,591

Total Investments in Securities	$	1,408,345	$	3,414	$	–	$	1,411,759


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Appreciation	$	5	$	—	$	—	$	5
Unrealized Depreciation		(165)		—		—		(165)
Forwards Contracts *
Unrealized Appreciation		—		503		—		503
Unrealized Depreciation		—		(4,484)		—		(4,484)

Total Other Financial Instruments	$	(160)	$	(3,981)	$	—	$	(4,141)

*Futures contracts and forwards contracts are valued at the unrealized appreciation (depreciation) on the instrument.

For the period ended June 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended June 30, 2017, there were no transfers from Level 2 into Level 3 assets and liabilities.

For the period ended June 30, 2017, there were no Level 3 investments.

Amounts designated as “—” are $0 or have been rounded to $0.

The following is a summary of the transactions with affiliates for the period ended June 30, 2017 ($ Thousands):



Description	Shares		Market Value ($ Thousands)

COMMON STOCK — 97.3%

Consumer Discretionary — 6.6%
Best Buy		13,870	$	795
Big Lots		16,600		802
Canadian Tire, Cl A		29,600		3,363
Children’s Place		37,800		3,859
Comcast, Cl A		126,300		4,916
Cooper-Standard Holdings *		21,900		2,209
Dana		22,047		492
Darden Restaurants		52,400		4,739
Dollar General		13,022		939
Dunkin’ Brands Group		28,949		1,596
Fiat Chrysler Automobiles *		30,990		329
Foot Locker, Cl A		45,064		2,221
Graham Holdings, Cl B		1,400		839
Lear		6,268		891
Lowe’s		34,400		2,667
McDonald’s		41,554		6,364
NVR *		696		1,678
Office Depot		57,364		324
Scripps Networks Interactive, Cl A		46,400		3,170
Target, Cl A		114,100		5,966
Taylor Morrison Home, Cl A *		2,620		63
Tenneco		9,630		557
Ulta Beauty *		14,506		4,168
Walt Disney		140,049		14,880


				67,827


Consumer Staples — 17.6%
Altria Group		234,072		17,431
Archer-Daniels-Midland		45,200		1,870
Church & Dwight		123,346		6,399
Clorox		54,877		7,312
Coca-Cola		127,693		5,727
Coca-Cola European Partners		49,400		2,009
Colgate-Palmolive		75,764		5,616
Conagra Brands		123,574		4,419
Costco Wholesale		40,733		6,515
CVS Health		75,600		6,083
Dean Foods		16,040		273
Dr Pepper Snapple Group		127,445		11,612
Hershey		72,705		7,806
Ingredion		29,882		3,562
JM Smucker		33,707		3,989
Kellogg		25,304		1,758
Kimberly-Clark		65,486		8,455
Kroger		159,232		3,713
Lamb Weston Holdings		41,191		1,814
McCormick		72,119		7,032
Metro, Cl A		58,400		1,919
Nu Skin Enterprises, Cl A		30,039		1,888
PepsiCo		98,075		11,327
Philip Morris International		62,123		7,296



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Pinnacle Foods		5,506	$	327
Procter & Gamble		93,908		8,184
Sanderson Farms		28,200		3,261
Sysco, Cl A		161,844		8,146
Tyson Foods, Cl A		81,900		5,129
Universal		16,000		1,035
Wal-Mart Stores		226,005		17,104
Weis Markets		43,300		2,110
Whole Foods Market		8,993		379


				181,500


Energy — 1.1%
ExxonMobil		94,000		7,589
Marathon Petroleum		12,408		649
Valero Energy		39,600		2,671


				10,909


Financials — 16.2%
Aflac		56,400		4,381
AGNC Investment ^‡		167,951		3,576
Allied World Assurance Holdings		43,500		2,301
Allstate		71,904		6,359
American Financial Group		41,500		4,124
Annaly Capital Management ^‡		409,600		4,936
Arch Capital Group *		78,888		7,359
Aspen Insurance Holdings		18,192		907
Assurant		13,330		1,382
Assured Guaranty		43,385		1,811
Axis Capital Holdings		178,293		11,528
Bank of America		26,785		650
Berkshire Hathaway, Cl B *		59,100		10,010
BOK Financial		52,300		4,400
Canadian Imperial Bank of Commerce		31,000		2,516
CBOE Holdings		122,517		11,198
Chubb		12,399		1,802
Everest Re Group		51,878		13,208
Genworth MI Canada		23,900		657
Hanover Insurance Group, Cl A		19,700		1,746
Maiden Holdings		62,300		691
MFA Financial ^‡		624,682		5,241
Morningstar, Cl A		62,858		4,924
National Bank of Canada		54,700		2,297
New Mountain Finance		107,500		1,564
Popular		6,756		282
ProAssurance		78,979		4,802
Progressive		115,800		5,106
Reinsurance Group of America, Cl A		13,925		1,788
RenaissanceRe Holdings		97,060		13,496
Starwood Property Trust ^‡		113,800		2,548
TFS Financial		144,086		2,229
Travelers		87,605		11,085
Validus Holdings		230,115		11,959



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Voya Financial		16,682	$	615
White Mountains Insurance Group		4,079		3,543


				167,021


Health Care — 15.4%
AbbVie		53,300		3,865
Aetna, Cl A		49,906		7,577
AmerisourceBergen, Cl A		64,617		6,108
Amgen, Cl A		16,800		2,894
Anthem		47,563		8,948
AstraZeneca ADR		107,200		3,655
Baxter International		124,505		7,538
Biogen *		4,990		1,354
Bio-Rad Laboratories, Cl A *		8,340		1,888
Bristol-Myers Squibb		9,715		541
Cardinal Health		10,758		838
Catalent *		7,795		274
Chemed		2,119		433
Edwards Lifesciences, Cl A *		2,820		334
Eli Lilly		93,318		7,680
Endo International *		14,728		165
Express Scripts Holding *		8,612		550
Gilead Sciences		17,100		1,210
HCA Healthcare *		22,500		1,962
Hill-Rom Holdings		9,563		761
Hologic *		40,619		1,843
Humana		15,187		3,654
ICON *		18,541		1,813
Johnson & Johnson		215,102		28,456
Laboratory Corp of America Holdings *		18,602		2,867
Mallinckrodt *		13,979		626
Masimo *		14,010		1,278
McKesson		11,300		1,859
Merck		265,429		17,011
Pfizer		646,425		21,713
Premier, Cl A *		80,647		2,903
Quest Diagnostics		57,634		6,407
United Therapeutics *		3,169		411
UnitedHealth Group		39,626		7,348
Varian Medical Systems *		2,690		278
Vertex Pharmaceuticals *		2,595		334
Zoetis, Cl A		28,325		1,767


				159,143


Industrials — 11.1%
3M		30,082		6,263
Boeing		32,700		6,466
BWX Technologies, Cl W		34,931		1,703
Delta Air Lines, Cl A		11,477		617
EMCOR Group		22,511		1,472
Expeditors International of Washington		104,761		5,917
General Dynamics		8,600		1,704



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Hawaiian Holdings *		5,353	$	251
Huntington Ingalls Industries, Cl A		8,389		1,562
Kaman, Cl A		32,900		1,641
L3 Technologies		24,061		4,020
Landstar System		46,992		4,022
Lockheed Martin		34,838		9,671
ManpowerGroup		302		34
Northrop Grumman		54,087		13,885
Orbital ATK		24,500		2,410
Owens Corning		8,437		564
Quanta Services *		47,559		1,566
Raytheon		97,725		15,780
Republic Services		146,100		9,311
Southwest Airlines, Cl A		30,688		1,907
Spirit AeroSystems Holdings, Cl A		15,189		880
United Continental Holdings *		23,110		1,739
United Parcel Service, Cl B		45,495		5,031
United Technologies		50,700		6,191
Waste Management		137,382		10,077


				114,684


Information Technology — 11.1%
Amdocs		178,108		11,481
Amkor Technology *		21,338		208
Apple		59,200		8,526
Applied Materials		38,073		1,573
Aspen Technology *		27,677		1,529
Automatic Data Processing		41,459		4,248
Benchmark Electronics *		52,700		1,702
Broadridge Financial Solutions		23,238		1,756
CA		69,600		2,399
Cadence Design Systems *		8,723		292
Canon ADR		87,700		2,984
Cisco Systems		242,600		7,593
Citrix Systems *		12,870		1,024
CSG Systems International		37,600		1,526
Dell Technologies - VMware, Cl V *		108,346		6,621
eBay *		39,530		1,380
Facebook, Cl A *		11,242		1,697
Flex *		16,170		264
Harris		20,200		2,203
Intel		226,200		7,632
International Business Machines		59,400		9,138
Intuit		13,410		1,781
Jabil Circuit		20,126		588
Jack Henry & Associates		13,800		1,433
Microsoft		72,739		5,014
Motorola Solutions		48,500		4,207
NetApp		11,469		459
ON Semiconductor *		10,756		151
Oracle, Cl B		85,200		4,272
Qualcomm		28,300		1,563



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Science Applications International		14,671	$	1,018
Symantec, Cl A		179,770		5,079
Synopsys *		64,354		4,693
Take-Two Interactive Software, Cl A *		23,958		1,758
Tech Data *		22,200		2,242
Teradyne		19,298		580
VeriSign *		20,136		1,872
Western Union		118,100		2,250


				114,736


Materials — 1.4%
AptarGroup		7,900		686
Avery Dennison		31,600		2,793
Bemis		44,400		2,054
Cabot		13,784		737
Kaiser Aluminum		33,600		2,974
LyondellBasell Industries, Cl A		7,480		631
Sonoco Products		50,200		2,581
Trinseo		25,375		1,743


				14,199


Real Estate — 1.6%
Equity LifeStyle Properties ^‡		18,540		1,601
Gaming and Leisure Properties ^‡		1,800		68
LaSalle Hotel Properties ^‡		35,254		1,050
Mack-Cali Realty ^‡		6,483		176
Mid-America Apartment Communities ^‡		28,000		2,951
National Health Investors ^‡		26,300		2,083
Piedmont Office Realty Trust, Cl A ^‡		222,000		4,680
Select Income ^‡		65,000		1,562
Senior Housing Properties Trust ^‡		132,100		2,700


				16,871


Telecommunication Services — 3.8%
AT&T		513,855		19,388
BCE		67,200		3,022
NTT DoCoMo ADR		130,100		3,077
SK Telecom ADR		129,800		3,332
TELUS		115,600		3,985
Verizon Communications		134,477		6,005


				38,809


Utilities — 11.4%
AES		12,374		137
Alliant Energy		12,600		506
Ameren		60,200		3,291
American Electric Power		122,164		8,487
Centerpoint Energy		60,225		1,649
Consolidated Edison		165,942		13,411
DTE Energy		45,217		4,784
Duke Energy		71,120		5,945
Edison International		125,527		9,815



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Entergy		109,672	$	8,420
Eversource Energy		113,570		6,895
Exelon		161,500		5,825
FirstEnergy		87,500		2,552
Great Plains Energy		5,200		152
PG&E		133,963		8,891
Pinnacle West Capital		51,783		4,410
Portland General Electric		80,431		3,675
Public Service Enterprise Group		194,029		8,345
SCANA		41,600		2,788
Southern		138,614		6,637
Southwest Gas Holdings		13,553		990
UGI		34,973		1,693
Vectren		21,208		1,239
WEC Energy Group		119,032		7,306


				117,843


Total Common Stock (Cost $709,979) ($ Thousands)				1,003,542


	Number of Rights

RIGHTS — 0.0%
Safeway CVR - Casa Ley *^‡‡		85,430		87
Safeway CVR - PDC *^‡‡		85,430		4


Total Rights (Cost $—) ($ Thousands)				91


	Shares

CASH EQUIVALENT — 2.3%
SEI Daily Income Trust, Government Fund, Cl F 0.760%**^†		23,739,264		23,739


Total Cash Equivalent (Cost $23,739) ($ Thousands)				23,739


Total Investments — 99.6% (Cost $733,718) ($ Thousands) @			$	1,027,372

A list of the open futures contracts held by the Fund at June 30, 2017, is as follows:

Type of Contract

Number of
Contracts
Long

Expiration Date

Unrealized
Depreciation
($ Thousands)

S&P 500 Index E-MINI

126

Sep-2017

$(49)

Percentages are based on Net Assets of $1,031,759 ($ Thousands).

*	Non-income producing security.

^**	Rate shown is the 7-day effective yield as of June 30, 2017.

^†	Investment in Affiliated Security.

^‡	Real Estate Investment Trust.

^‡‡	Expiration date not available.

ADR — American Depositary Receipt

Cl — Class

CVR — Contingent Value Rights

S&P— Standard & Poor’s

@ At June 30, 2017, the tax basis cost of the Fund’s investments was $733,718 ($ Thousands), and the unrealized appreciation and depreciation were $297,270 ($ Thousands) and $(3,616) ($ Thousands), respectively.

The following is a list of the level of inputs used as of June 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	1,003,542	$	–	$	–	$	1,003,542
Rights		–		91		–		91
Cash Equivalent		23,739		–		–		23,739

Total Investments in Securities	$	1,027,281	$	91	$	–	$	1,027,372


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Depreciation	$	(49)	$	–	$	–	$	(49)

Total Other Financial Instruments	$	(49)	$	–	$	–	$	(49)

*Futures contracts are valued at the unrealized depreciation on the instrument.

For the period ended June 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended June 30, 2017, there were no transfers from Level 2 into Level 3 assets and liabilities.

Amounts designated as “—” are $0 or have been rounded to $0.

The following is a summary of the transactions with affiliates for the period ended June 30, 2017 ($ Thousands):



Description	Shares		Market Value ($ Thousands)

COMMON STOCK – 96.3%
Australia – 6.0%
Abacus Property Group ^‡		293,850	$	730
AGL Energy		210,799		4,123
ASX		44,853		1,845
Brickworks		47,174		499
BT Investment Management		26,886		235
Caltex Australia		28,786		698
Coca-Cola Amatil		56,186		398
Crown Resorts		68,603		646
CSL		14,624		1,548
Flight Centre		25,121		738
Harvey Norman Holdings		327,317		959
LendLease Group		65,829		841
Mirvac Group ^‡		449,279		734
QBE Insurance Group		52,847		479
South32		500,238		1,028
Stockland ^‡		251,198		844
Telstra, Cl B		686,677		2,265
Vicinity Centres ^‡		198,938		392
Wesfarmers		18,360		565

				19,567


Austria – 1.6%
BUWOG		12,869		369
CA Immobilien Anlagen		10,990		268
Lenzing		2,125		380
Oesterreichische Post		6,135		266
OMV		24,744		1,282
Raiffeisen Bank International		35,144		886
S IMMO		9,548		138
Telekom Austria, Cl A		108,184		849
UNIQA Insurance Group		35,314		329
voestalpine		8,399		391

				5,158


Belgium – 1.3%
bpost		46,135		1,112
Colruyt		12,128		638
Proximus SADP		40,525		1,416
Sipef		1,175		84
TER Beke		295		61
UCB, Cl A		4,155		285
Umicore		10,372		721

				4,317


Canada – 1.9%
Canadian Tire, Cl A		10,364		1,178
Metro, Cl A		15,892		522
Open Text		5,242		165
TELUS		65,261		2,250
Toronto-Dominion Bank		43,542		2,191

				6,306



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Denmark – 2.7%
Carlsberg, Cl B		9,379	$	1,001
Coloplast, Cl B		15,809		1,319
Danske Bank		64,629		2,483
H Lundbeck, Cl H		4,086		229
ISS		37,630		1,476
Jyske Bank		17,004		983
Matas		44,172		698
Novo Nordisk, Cl B		2,417		103
TDC		55,516		322
United International Enterprises		564		118
William Demant Holding *		5,208		135

				8,867


Finland – 1.2%
Elisa		9,000		348
Orion, Cl B		31,515		2,010
Sponda		137,669		796
Tietoenator		21,996		679

				3,833


France – 6.0%
Aeroports de Paris, Cl A		2,323		374
Atos		12,547		1,759
Bastide le Confort Medical		2,603		106
BNP Paribas		11,362		817
Carrefour		10,028		253
Christian Dior		2,007		573
Cie Generale des Etablissements Michelin		11,010		1,462
Credit Agricole		46,601		749
Dassault Aviation		479		668
Euler Hermes Group		12,429		1,474
Eutelsat Communications		11,490		293
Groupe Guillin		6,308		291
Le Noble Age		2,819		193
Metropole Television		40,778		948
PSB Industries		4,172		238
Publicis Groupe		4,139		308
Rubis SCA		1,253		142
Sanofi		57,002		5,445
SCOR		16,385		649
Societe Generale		13,250		712
Thales, Cl A		3,402		366
TOTAL		32,739		1,616
Vilmorin & Cie		1,681		136

				19,572


Germany – 6.0%
adidas		3,191		611
Beiersdorf		6,787		712
Celesio		28,699		876
Covestro (A)		15,125		1,090
Deutsche Post		18,204		681



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
DIC Asset		10,443	$	114
Evonik Industries		19,397		619
Fraport Frankfurt Airport Services Worldwide		7,517		663
Hannover Rueck		12,686		1,519
Henkel & KGaA		5,726		692
Krones		6,952		804
KWS Saat		758		298
MAN		3,313		355
Merck KGaA		9,209		1,111
Metro		25,012		843
MTU Aero Engines		4,865		685
Muenchener Rueckversicherungs-Gesellschaft in Muenchen		12,362		2,489
Norddeutsche Affinerie		1,800		141
Salzgitter		26,692		1,087
SAP		7,001		730
Siemens		14,297		1,963
Siltronic *		3,140		266
Sirius Real Estate		87,389		65
Suedzucker		26,141		544
Vonovia		15,417		611
Wuestenrot & Wuerttembergische		5,037		110

				19,679


Hong Kong – 5.3%
Asiasec Properties		22,100		6
ASM Pacific Technology		109,400		1,478
China Motor Bus		18,400		252
CK Infrastructure Holdings		82,000		689
CLP Holdings, Cl B		299,000		3,164
First Pacific		196,000		145
Hang Lung Group		100,000		414
HK Electric Investments & HK Electric
Investments (A)		693,000		637
HKT Trust & HKT		645,000		846
Hong Kong & China Gas		218,900		412
Hong Kong Aircraft Engineering		15,200		104
Hongkong & Shanghai Hotels		222,500		402
Hutchison Port Holdings, Cl U Hysan		1,119,200		481
Development		20,000		95
Kerry Properties		480,000		1,629
MTR		166,500		937
New World Development		94,000		119
NWS Holdings		137,000		270
Paliburg Holdings		328,000		134
PCCW		302,000		172
Power Assets Holdings		95,500		844
Regal Hotels International Holdings		168,000		147
Regal ‡		372,000		110
Shangri-La Asia		90,000		153
Tian An China Investment		170,000		115
WH Group (A)		2,963,500		2,991



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Wheelock		100,000	$	755

				17,501


Ireland – 0.4%
AerCap Holdings *		14,157		657
Irish Residential Properties ‡		278,495		432
Total Produce		51,466		128

				1,217


Israel – 1.9%
Bank Hapoalim		381,085		2,570
Bank Leumi Le-Israel		57,265		279
Check Point Software Technologies *		6,043		659
Israel Discount Bank, Cl A *		185,998		490
Isras Investment		1,037		123
Mizrahi Tefahot Bank		71,105		1,293
Orbotech *		21,474		701
Shufersal		26,493		139

				6,254


Italy – 0.9%
Ansaldo STS		23,482		299
Banca Mediolanum		22,238		184
Enel		214,945		1,151
Hera		368,325		1,124
Snam Rete Gas		40,055		174

				2,932


Japan – 21.0%
Alfresa Holdings		30,000		579
Alpen		6,500		116
AOKI Holdings		56,800		720
Aoyama Trading		19,400		691
Aozora Bank		374,000		1,425
Arcs		44,800		969
Asahi Group Holdings		15,700		591
Asahi Kasei		187,000		2,010
Astellas Pharma		125,900		1,540
Canon		55,500		1,885
Choushimaru		700		27
Chubu Electric Power		53,500		711
COMSYS Holdings		43,800		902
Daiichi Sankyo		42,600		1,004
Daiki Aluminium Industry		26,000		143
Daiohs		3,400		38
Doutor Nichires Holdings		55,400		1,176
Ebara Foods Industry		4,700		88
EDION		33,800		307
Electric Power Development		5,600		138
FJ Next		16,100		121
FUJIFILM Holdings		18,200		654
Fujitsu		75,000		553
Gakkyusha		15,400		212
Gourmet Kineya		5,000		49



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Hakudo		6,800	$	103
Heiwa		14,200		317
Hiroshima Gas		31,400		99
Honda Motor		35,100		957
Hoya		2,000		104
Idemitsu Kosan		5,700		162
Inaba Denki Sangyo		20,600		782
Japan Post Insurance		4,300		95
Japan Tobacco		33,800		1,187
Joshin Denki		12,000		173
Kanemi		3,300		100
Kato Sangyo		8,700		233
KDDI		83,800		2,219
Keihanshin Building		19,000		118
Keiyo		73,900		514
Key Coffee		13,900		272
Kimura Unity		9,500		97
Kinden		83,700		1,348
Kobe Electric Railway *		28,000		100
K’s Holdings		31,700		619
Kuraray		71,800		1,302
Kurimoto		6,400		116
Kyokuyo		11,300		311
KYORIN Holdings		4,800		106
Kyoto Kimono Yuzen		31,200		260
Kyowa Exeo		63,300		1,064
Matsumotokiyoshi Holdings		17,200		978
McDonald’s Holdings Japan		30,000		1,151
Mebuki Financial Group		135,900		506
Mitsubishi		9,100		191
Mitsubishi Gas Chemical		28,300		598
Mitsubishi Shokuhin		30,800		884
Mitsubishi Steel Manufacturing		86,000		202
Mitsubishi Tanabe Pharma		168,400		3,891
Mitsui		75,200		1,075
Mochida Pharmaceutical		2,000		144
Nichias		71,000		821
Nippo		56,000		1,126
Nippon Express		138,000		863
Nippon Koshuha Steel		211,000		156
Nippon Telegraph & Telephone		81,800		3,866
Nissan Motor		210,400		2,094
Nissui Pharmaceutical		5,700		70
NTT DOCOMO		80,700		1,905
Okinawa Electric Power		48,230		1,102
Okuwa		3,000		35
Ootoya Holdings		2,800		51
Osaka Gas		520,000		2,127
Otsuka		7,300		453
OUG Holdings		45,000		105
PanaHome		63,000		671
Paris Miki Holdings		38,000		159



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Proto		6,100	$	95
Ryoden		15,000		104
Sanyo Electric Railway		20,000		103
Senshu Ikeda Holdings		186,200		785
Shibusawa Warehouse		36,000		116
Shidax		39,500		153
Shikibo		96,000		125
Shimachu		33,100		788
Shin-Keisei Electric Railway		41,000		153
Showa Sangyo		36,000		198
Sumitomo Bakelite		153,000		1,078
Sumitomo Osaka Cement		281,000		1,333
Suzuken		42,600		1,414
Taisho Pharmaceutical Holdings		5,400		411
TAKEBISHI		1,900		24
Takeda Pharmaceutical		17,800		904
Takihyo		23,000		96
Tokyo Gas		50,000		260
Tokyo Rakutenchi		20,000		103
Toshiba Plant Systems & Services		61,000		962
Tsumura		25,300		1,027
West Japan Railway		23,300		1,646
Yaizu Suisankagaku Industry		9,400		101
Yamada Denki		210,700		1,046
Yasuda Logistics		32,100		210
Yellow Hat		5,600		134
Yodogawa Steel Works		15,000		396
Yomeishu Seizo		6,000		110
Yoshinoya Holdings		5,800		97
Yuasa Funashoku		45,600		124

				68,727


Luxembourg – 1.0%
APERAM		22,395		1,039
RTL Group		5,911		446
SES, Cl A		76,966		1,802

				3,287


Netherlands – 1.5%
ABN AMRO Group (A)		6,767		179
ASR Nederland		12,485		421
Coca-Cola European Partners		4,250		172
Corbion		19,244		615
Heineken		9,386		911
Koninklijke KPN		123,075		393
NN Group		61,181		2,172
Refresco Group (A)		12,477		254

				5,117


New Zealand – 1.7%
Arvida Group		102,048		100
Chorus		150,699		511
Contact Energy		39,849		152



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Fisher & Paykel Healthcare		133,565	$	1,120
Fletcher Building		109,019		638
Freightways		32,367		181
Mercury NZ		234,122		569
Meridian Energy		129,936		277
Sky City Entertainment Group		120,136		359
Spark New Zealand		494,503		1,369
Steel & Tube Holdings		56,641		105
Summerset Group Holdings		29,342		102
Tourism Holdings		55,789		171

				5,654


Norway – 1.5%
DNB, Cl A		40,168		681
Leroey Seafood Group		106,760		578
Marine Harvest		44,509		759
Norsk Hydro		168,658		932
Orkla		119,488		1,210
Telenor		13,111		217
Yara International		14,624		548

				4,925


Portugal – 0.3%
Redes Energeticas Nacionais		324,744		1,015


Singapore – 4.1%
CapitaLand Commercial Trust ^‡		486,700		587
CapitaMall Trust ^‡		182,000		261
DBS Group Holdings		181,600		2,735
Global Logistic Properties		425,000		883
Mapletree Industrial Trust ^‡		713,100		963
Mapletree Logistics Trust ^‡		994,700		863
OUE		80,600		115
SATS		306,500		1,138
Sheng Siong Group		302,800		218
SIA Engineering		83,100		246
Singapore Airlines		83,500		614
Singapore Technologies Engineering		104,300		279
SPH ^‡		87,400		63
United Industrial		50,700		117
United Overseas Bank		44,200		742
UOL Group		58,700		326
Venture		138,400		1,211
Viva Industrial Trust ‡		34,200		22
Wilmar International		857,200		2,086

				13,469


Spain – 2.6%
Cia de Distribucion Integral Logista Holdings		20,972		551
Ebro Foods		30,899		705
Enagas		23,712		664
Endesa		126,434		2,908
Grifols		45,003		1,252
Iberdrola		239,110		1,891



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Red Electrica		23,548	$	491

				8,462


Sweden – 2.1%
Axfood		43,193		720
Cloetta, Cl B		31,487		129
Essity, Cl B *		33,979		929
Getinge, Cl B		7,003		137
Hemfosa Fastigheter		70,206		757
ICA Gruppen		14,075		523
KNOW IT		10,862		167
L E Lundbergforetagen, Cl B		6,643		524
Saab, Cl B		2,435		120
Svenska Cellulosa SCA, Cl B		33,979		257
Swedbank, Cl A		33,262		810
Swedish Match		53,245		1,873

				6,946


Switzerland – 11.5%
ABB		4,513		112
Actelion ADR *		1,762		130
Allreal Holding, Cl A		688		125
ALSO Holding		1,128		145
Baloise Holding		8,737		1,352
Barry Callebaut		244		336
BKW		9,860		580
Coca-Cola HBC		37,057		1,087
Forbo Holding		171		280
Idorsia *		3,040		57
Julius Baer Group		1,909		100
Kuehne & Nagel International		16,603		2,774
Nestle		31,510		2,746
Novartis		42,806		3,567
Pargesa Holding		900		68
Roche Holding		21,185		5,402
Romande Energie Holding		84		114
Schindler Holding		7,369		1,561
SGS, Cl B		72		175
Sika		97		624
Sonova Holding		13,289		2,161
St. Galler Kantonalbank		265		117
Swiss Life Holding		10,672		3,606
Swiss Prime Site		26,240		2,387
Swiss Re		40,824		3,736
Swisscom		3,328		1,608
UBS Group		25,894		439
Zurich Insurance Group		7,712		2,248

				37,637


United Kingdom – 13.5%
Aldermore Group *		52,483		148
AstraZeneca		11,420		762
BAE Systems		417,134		3,433



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Barclays		236,813	$	624
BCA Marketplace		150,153		379
BP		226,077		1,300
British American Tobacco		24,792		1,686
Britvic		74,786		672
BTG *		32,897		298
Carnival		42,963		2,835
Central Asia Metals		70,965		203
Centrica		309,103		804
Craneware		7,808		130
Diageo		34,438		1,015
F&C UK Real Estate Investment ^‡		30,456		42
Finsbury Food Group		70,953		107
GlaxoSmithKline		245,247		5,210
HSBC Holdings		186,206		1,721
IDOX		131,753		104
Imperial Brands		80,068		3,587
J D Wetherspoon		25,595		324
J Sainsbury		350,376		1,146
Kingfisher		164,717		643
Lancashire Holdings		40,531		367
Lloyds Banking Group		877,702		754
National Grid		75,020		927
QinetiQ Group		404,274		1,419
Reckitt Benckiser Group		9,298		940
Rio Tinto		32,457		1,575
Royal Bank of Scotland Group *		240,843		773
Royal Mail		160,615		879
Secure Income ^‡		25,660		115
Severn Trent		6,709		190
Smith & Nephew		59,429		1,023
SSE		143,512		2,709
Tate & Lyle		202,537		1,742
UBM		45,607		409
Vodafone Group		364,126		1,030
William Hill		57,531		190
Wm Morrison Supermarkets		428,529		1,343
WPP		32,009		671

				44,229


United States – 0.3%
QIAGEN		30,614		1,026


Total Common Stock
(Cost $280,784) ($ Thousands)				315,697


PREFERRED STOCK – 0.4%
Germany – 0.4%
Bayerische Motoren Werke		1,354		111
Draegerwerk & KGaA		4,713		495
Henkel & KGaA		4,100		564



Description	Shares		Market Value ($ Thousands)

PREFERRED STOCK (continued)
Schaeffler		5,939	$	85


Total Preferred Stock
(Cost $1,155) ($ Thousands)				1,255


CASH EQUIVALENT – 1.7%
SEI Daily Income Trust, Government Fund, Cl F 0.760%**^†		5,584,091		5,584


Total Cash Equivalent
(Cost $5,584) ($ Thousands)				5,584


Total Investments – 98.4%
(Cost $287,523) ($ Thousands) @			$	322,536

A list of the open futures contracts held by the Fund at June 30, 2017, is as follows:


Type of Contract	Number of Contracts Long		Expiration Date		Unrealized Appreciation (Depreciation) ($ Thousands)
DJ Euro Stoxx 50 Index		39		Sep-2017		$(47)
FTSE 100 Index		8		Sep-2017		(19)
Hang Seng Index		2		Jul-2017		–
SPI 200 Index		4		Sep-2017		(3)
TOPIX Index		6		Sep-2017		6

						$(63)

Percentages are based on Net Assets of $327,838 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of June 30, 2017.

†	Investment in Affiliated Security.

‡	Real Estate Investment Trust.

(A)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On June 30, 2017, the value of these securities amounted to $5,151 ($ Thousands), representing 1.6% of the Net Assets of the Fund.

ADR – American Depositary Receipt

Cl – Class

DJ – Dow Jones

FTSE – Financial Times and the London Stock Exchange

SPI – Share Price Index

TOPIX – Tokyo Stock Price Index

@ At June 30, 2017, the tax basis cost of the Fund’s investments was $287,523 ($ Thousands), and the unrealized appreciation and depreciation were $36,856 ($ Thousands) and $(1,843) ($ Thousands), respectively.

The following is a list of the level of inputs used as of June 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):



Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	315,036	$	661	$	–	$	315,697
Preferred Stock		1,255		–		–		1,255
Cash Equivalent		5,584		–		–		5,584

Total Investments in Securities	$	321,875	$	661	$	–	$	322,536



Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Appreciation	$	6	$	–	$	–	$	6
Unrealized Depreciation		(69)		–		–		(69)

Total Other Financial Instruments	$	(63)	$	–	$	–	$	(63)

*Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

For the period ended June 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended June 30, 2017, there were no transfers from Level 2 into Level 3 assets and liabilities.

Amounts designated as “–” are $0 or have been rounded to $0.

The following is a summary of the transactions with affiliates for the period ended June 30, 2017 ($ Thousands):



Description	Shares		Market Value ($ Thousands)

COMMON STOCK – 98.1%

Consumer Discretionary – 0.9%
Hilton Worldwide Holdings		27,190	$	1,682


Real Estate – 97.2%
Alexandria Real Estate Equities ^‡		37,385		4,504
American Homes 4 Rent, Cl A ^‡		117,685		2,656
Apartment Investment & Management, Cl A ^‡		85,550		3,676
AvalonBay Communities ^‡		45,986		8,837
Boston Properties ^‡		42,325		5,207
Chesapeake Lodging Trust ^‡		30,330		742
Colony Starwood Homes ^‡		67,520		2,317
Columbia Property Trust ^‡		34,700		777
CoreSite Realty ^‡		16,225		1,680
Cousins Properties, Cl A ^‡		56,700		498
CubeSmart ^‡		206,335		4,960
CyrusOne ^‡		47,520		2,649
DCT Industrial Trust ^‡		6,650		355
DDR ^‡		257,630		2,337
DiamondRock Hospitality ^‡		47,030		515
Digital Realty Trust, Cl A ^‡		18,960		2,141
Douglas Emmett ^‡		127,745		4,881
Duke Realty ^‡		59,050		1,650
Education Realty Trust ^‡		16,300		632
Equinix ^‡		22,655		9,723
Equity Residential ^‡		82,635		5,440
Essex Property Trust ^‡		19,654		5,056
Extra Space Storage ^‡		29,025		2,264
Federal Realty Investment Trust ^‡		11,300		1,428
First Industrial Realty Trust ^‡		18,990		543
GGP ^‡		92,510		2,180
HCP ^‡		235,310		7,520
Healthcare Trust of America, Cl A ^‡		52,870		1,645
Highwoods Properties ^‡		34,120		1,730
Host Hotels & Resorts ^‡		226,089		4,131
Hudson Pacific Properties ^‡		57,025		1,950
Invitation Homes ^‡		24,850		537
Kimco Realty ^‡		136,835		2,511
Kite Realty Group Trust ^‡		65,825		1,246
LaSalle Hotel Properties ^‡		27,100		808
Liberty Property Trust ^‡		57,475		2,340
Life Storage ^‡		37,275		2,762
Macerich ^‡		72,959		4,236
Mack-Cali Realty ^‡		42,430		1,152
Medical Properties Trust ^‡		54,640		703
Omega Healthcare Investors ^‡(A)		13,160		435
Park Hotels & Resorts ^‡		19,876		536
Parkway ^‡		23,790		545
Pebblebrook Hotel Trust ^‡		29,550		953
ProLogis ^‡		185,332		10,868
PS Business Parks ^‡		4,290		568
Public Storage ^‡		27,266		5,686



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Regency Centers ^‡		60,075	$	3,763
Senior Housing Properties Trust ^‡		61,891		1,265
Simon Property Group ^‡		82,913		13,412
STAG Industrial ^‡		34,760		959
Sun Communities ^‡		14,110		1,237
Sunstone Hotel Investors ^‡		51,180		825
Taubman Centers ^‡		19,625		1,169
UDR ^‡		105,815		4,124
Ventas ^‡		34,325		2,385
Vornado Realty Trust ^‡		68,265		6,410
Washington ^‡		22,520		718
Weingarten Realty Investors ^‡		121,285		3,651
Welltower ^‡		70,908		5,307

				175,735


Total Common Stock (Cost $145,736) ($ Thousands)				177,417


AFFILIATED PARTNERSHIP – 0.2%
SEI Liquidity Fund, L.P.
1.080% **^†(B)		443,114		443


Total Affiliated Partnership (Cost $443) ($ Thousands)				443


CASH EQUIVALENT – 2.2%
SEI Daily Income Trust, Government Fund, Cl
F 0.760%**^†		4,007,462		4,007


Total Cash Equivalent (Cost $4,007) ($ Thousands)				4,007


Total Investments – 100.5% (Cost $150,186) ($ Thousands) @			$	181,867

Percentages are based on Net Assets of $180,892 ($ Thousands).

**	Rate shown is the 7-day effective yield as of June 30, 2017.

†	Investment in Affiliated Security.

‡	Real Estate Investment Trust.

(A)	This security or a partial position of this security is on loan at June 30, 2017 (see Note 10). The total market value of securities on loan at June 30, 2017 was $435 ($ Thousands).

(B)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of June 30, 2017 was $443 ($ Thousands).

Cl – Class

L.P. – Limited Partnership

@ At June 30, 2017, the tax basis cost of the Fund’s investments was $150,186 ($ Thousands), and the unrealized appreciation and depreciation were $37,513 ($ Thousands) and $(5,832) ($Thousands), respectively.



Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	177,417	$	–	$	–	$	177,417
Affiliated Partnership		–		443		–		443
Cash Equivalent		4,007		–		–		4,007

Total Investments in Securities	$	181,424	$	443	$	–	$	181,867

For the period ended June 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

The following is a summary of the transactions with affiliates for the period ended June 30, 2017 ($ Thousands):



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS – 40.5%
Consumer Discretionary – 4.5%
American Honda Finance MTN
1.700%, 02/22/2019	$	250	$	250
AutoZone
1.625%, 04/21/2019		70		70
Daimler Finance North America LLC (A)
1.650%, 05/18/2018		300		300
1.500%, 07/05/2019		285		282
Ford Motor Credit LLC
2.058%, 03/12/2019 (B)		200		201
1.897%, 08/12/2019		350		347
General Motors Financial
2.400%, 04/10/2018		200		200
2.085%, 04/13/2020 (B)		150		151
Hyundai Capital America MTN
2.000%, 07/01/2019 (A)		300		298
NBCUniversal Enterprise
1.843%, 04/15/2018 (A)(B)		300		302
Nissan Motor Acceptance MTN
2.045%, 01/13/2022 (A)(B)		200		202
Sinclair Television Group
5.625%, 08/01/2024 (A)		200		205
Sirius XM Radio
5.375%, 04/15/2025 (A)		200		207
Six Flags Entertainment
4.875%, 07/31/2024 (A)		225		226
Volkswagen Group of America Finance
1.642%, 05/22/2018 (A)(B)		300		300

				3,541


Consumer Staples – 3.5%
Anheuser-Busch InBev Finance
1.900%, 02/01/2019		320		321
Anheuser-Busch InBev Worldwide
1.860%, 08/01/2018 (B)		250		252
CVS Health
1.900%, 07/20/2018		350		351
JM Smucker
1.750%, 03/15/2018		180		180
Kroger
2.000%, 01/15/2019		220		220
Kroger MTN
1.500%, 09/30/2019		285		281
Molson Coors Brewing
1.450%, 07/15/2019		140		138
Mondelez International
1.690%, 02/01/2019 (B)		225		226
Reckitt Benckiser Treasury Services
1.856%, 06/24/2022 (A)(B)		200		200
Reynolds American
2.300%, 06/12/2018		245		246



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Skandinaviska Enskilda Banken
1.806%, 09/13/2019 (A)(B)	$	300	$	301

				2,716


Energy – 2.8%
Anadarko Petroleum
6.950%, 06/15/2019		235		255
BP Capital Markets PLC
1.926%, 09/26/2018 (B)		250		252
ConocoPhillips
1.500%, 05/15/2018		200		200
Energy Future Holdings
3.720%, 12/31/2034		4		–
Energy Transfer Partners
2.500%, 06/15/2018		350		352
Enterprise Products Operating
6.650%, 04/15/2018		250		259
Kinder Morgan
2.000%, 12/01/2017		270		270
Noble Energy
8.250%, 03/01/2019		250		274
Phillips 66
1.886%, 04/15/2020 (A)(B)		125		125
Total Capital International
1.755%, 08/10/2018 (B)		225		226

				2,213


Financials – 18.2%
ABN AMRO Bank
1.798%, 01/18/2019 (A)(B)		300		301
AIG Global Funding
1.781%, 07/02/2020 (A)(B)		250		250
Bank of America MTN
5.650%, 05/01/2018		110		113
2.316%, 01/20/2023 (B)		150		152
2.000%, 01/11/2018		190		190
Bank of Montreal MTN
1.828%, 12/12/2019 (B)		350		352
Bank of New York Mellon MTN
1.663%, 03/06/2018 (B)		300		301
Bank of Nova Scotia
1.650%, 06/14/2019		200		199
Barclays Bank PLC MTN
6.050%, 12/04/2017 (A)		150		153
BB&T MTN
1.830%, 02/01/2019 (B)		325		327
BPCE MTN
2.392%, 05/22/2022 (A)(B)		250		252
Branch Banking & Trust
1.450%, 05/10/2019		260		258
Canadian Imperial Bank of Commerce
1.970%, 06/16/2022 (B)		275		275



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Capital One
2.322%, 01/30/2023 (B)	$	250	$	251
Citibank
1.728%, 06/12/2020 (B)		250		251
Citigroup
1.739%, 08/25/2036 (B)		500		427
Citizens Bank
2.008%, 05/26/2022 (B)		275		274
Cooperatieve Rabobank UA
1.985%, 01/10/2022 (B)		300		303
Credit Agricole MTN
2.198%, 06/10/2020 (A)(B)		250		253
Credit Suisse NY
1.700%, 04/27/2018		250		250
Danske Bank
1.802%, 09/06/2019 (A)(B)		200		201
Deutsche Bank
1.862%, 02/13/2018 (B)		240		240
Discover Bank
2.000%, 02/21/2018		250		250
Fifth Third Bank MTN
2.082%, 08/20/2018 (B)		250		251
Goldman Sachs Group (B)
2.352%, 11/15/2021		275		277
2.276%, 04/26/2022		250		252
HSBC Bank PLC
1.822%, 05/15/2018 (A)(B)		300		301
Huntington National Bank
1.738%, 03/10/2020 (B)		250		251
ING Bank
1.838%, 10/01/2019 (A)(B)		200		201
Jackson National Life Global Funding (A)
2.023%, 06/27/2022 (B)		125		126
1.875%, 10/15/2018		200		200
JPMorgan Chase
1.802%, 01/28/2019 (B)		300		302
KeyBank
2.350%, 03/08/2019		250		252
Manufacturers & Traders Trust
1.791%, 05/18/2022 (B)		250		250
Metropolitan Life Global Funding I (A)(B)
1.697%, 12/19/2018		300		301
1.582%, 09/14/2018		200		201
Morgan Stanley (B)
2.336%, 01/20/2022		175		177
2.003%, 01/24/2019		225		226
Morgan Stanley MTN
5.950%, 12/28/2017		140		143
National Bank of Canada MTN
1.788%, 06/12/2020 (B)		250		251
Nordea Bank MTN
1.916%, 09/30/2019 (A)(B)		200		201



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
PNC Bank
1.620%, 12/07/2018 (B)	$	350	$	352
Principal Life Global Funding II MTN
1.500%, 04/18/2019 (A)		250		248
Protective Life Global Funding
1.722%, 04/15/2019 (A)		235		233
Prudential Financial MTN
1.962%, 08/15/2018 (B)		250		252
Royal Bank of Canada MTN (B)
1.928%, 12/10/2018		200		201
1.605%, 01/10/2019		200		201
Santander UK MTN
2.042%, 08/24/2018 (B)		300		302
Societe Generale MTN
2.228%, 10/01/2018 (B)		300		302
Standard Chartered MTN
1.798%, 04/17/2018 (A)(B)		200		200
State Street
2.246%, 06/15/2037 (B)		375		345
Sumitomo Mitsui Banking
1.698%, 01/11/2019 (B)		250		251
SunTrust Bank
1.700%, 01/31/2020 (B)		250		252
Synchrony Financial
2.402%, 02/03/2020 (B)		200		201
Toronto-Dominion Bank MTN
1.450%, 08/13/2019		200		198
UBS MTN
1.822%, 08/14/2019 (B)		250		251
Wells Fargo
2.263%, 01/24/2023 (B)		150		152
Wells Fargo MTN
1.852%, 01/30/2020 (B)		250		252

				14,179


Health Care – 3.1%
Aetna
1.700%, 06/07/2018		350		350
Allergan Funding SCS
2.308%, 03/12/2018 (B)		300		302
Amgen
1.632%, 05/11/2020 (B)		150		151
Baxalta
2.067%, 06/22/2018 (B)		250		251
Cardinal Health
1.998%, 06/15/2022 (B)		275		275
Celgene
2.125%, 08/15/2018		275		276
DaVita
5.000%, 05/01/2025		177		178
Medtronic
1.500%, 03/15/2018		340		340



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Teva Pharmaceutical Finance Netherlands III BV
1.400%, 07/20/2018	$	325	$	324

				2,447


Industrials – 3.1%
Air Lease
2.125%, 01/15/2020		250		249
Catholic Health Initiatives
2.600%, 08/01/2018		305		307
Fortive
1.800%, 06/15/2019		315		313
Hutchison Whampoa International 14
1.625%, 10/31/2017 (A)		250		249
ILFC E-Capital Trust I
4.340%, 12/21/2065 (A)(B)		500		476
Nielsen Finance
5.000%, 04/15/2022 (A)		300		311
PACCAR Financial MTN
1.300%, 05/10/2019		195		193
Sensata Technologies
5.000%, 10/01/2025 (A)		300		314

				2,412


Information Technology – 1.9%
Broadcom
2.375%, 01/15/2020 (A)		300		300
Cisco Systems
1.614%, 09/20/2019 (B)		225		227
DXC Technology
2.875%, 03/27/2020 (A)		105		106
eBay
2.093%, 01/30/2023 (B)		300		302
Fidelity National Information Services
2.850%, 10/15/2018		250		253
QUALCOMM
1.648%, 05/20/2020 (B)		275		276

				1,464


Materials – 0.8%
Air Liquide Finance
1.375%, 09/27/2019 (A)		225		222
Boart Longyear Management Properties
10.000%, 10/01/2018 (A)		350		273
Owens-Brockway Glass Container
5.875%, 08/15/2023 (A)		121		134

				629


Real Estate – 0.3%
Equinix
5.750%, 01/01/2025		200		215



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Telecommunication Services – 0.9%
AT&T
2.226%, 06/30/2020 (B)	$	300	$	304
Inmarsat Finance
4.875%, 05/15/2022 (A)		250		254
Verizon Communications
1.375%, 08/15/2019		145		143

				701


Utilities – 1.4%
DTE Energy
1.500%, 10/01/2019		260		256
Emera US Finance
2.150%, 06/15/2019		175		175
Great Plains Energy
2.500%, 03/09/2020		80		81
NextEra Energy Capital Holdings
1.649%, 09/01/2018		90		90
Sempra Energy
1.625%, 10/07/2019		155		153
Southern
1.550%, 07/01/2018		350		349

				1,104

Total Corporate Obligations (Cost $31,674) ($ Thousands)				31,621


LOAN PARTICIPATIONS – 28.2%

Consumer Discretionary – 2.8%
CCM Merger (MotorCity Casino Hotel), Term Loan, 1st Lien
3.826%, 08/06/2021		159		159
Comfort Holding, LLC, Initial Term Loan, 1st Lien
5.885%, 02/05/2024		118		118
Conduent Incorporated, Term B Loan, 1st Lien
5.226%, 12/07/2023		107		108
Cumulus Media Holdings, Term Loan, 1st Lien
4.480%, 12/23/2020		119		96
ESH Hospitality, Repriced Term Loan, 1st Lien
3.726%, 08/30/2023		423		424
Harland Clarke, Cov-Lite, Term B6 Loan, 1st Lien
6.796%, 02/09/2022		26		26
6.596%, 02/09/2022		18		18
6.468%, 02/09/2022		13		14
Mission Broadcasting, Term B Loan, 1st Lien
4.238%, 01/17/2024		23		23
Mohegan Tribal Gaming Authority, Term B Loan, 1st Lien
5.045%, 10/13/2023		295		298



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Nexstar Broadcasting, Term B Loan, 1st Lien
4.238%, 01/17/2024	$	235	$	235
Party City, Cov-Lite, Term Loan B, 1st Lien
4.050%, 08/19/2022		1		1
Penn National Gaming, Term B Facility Refinancing Loan, 1st Lien
3.796%, 01/19/2024		40		40
Scientific Games International, Cov-Lite, Initial Term B-3 Loan,
5.076%, 10/01/2021		25		25
5.010%, 10/01/2021		–		–
Scientific Games International, Cov-Lite, Initial Term B-3 Loan, 1st Lien
5.076%, 10/01/2021		91		92
Univision Communications, Cov-Lite, Term Loan, 1st Lien
3.976%, 03/15/2024		229		224
WaveDivision Holdings, LLC, Initial Term Loan, 1st Lien
3.930%, 10/15/2019		398		398
WaveDivision Holdings, LLC, Initial Term Loan, 2nd Lien
3.790%, 10/15/2019		1		1

				2,300


Consumer Staples – 1.8%
1011778 BC ULC/ New Red Finance (aka Burger
King/Tim Horton’s), Term Loan B2, 1st Lien
3.546%, 02/16/2024		26		26
3.476%, 02/16/2024		39		39
Academy Ltd, Term Loan B, 1st Lien
5.220%, 07/01/2022		58		45
5.172%, 07/01/2022		55		43
5.040%, 07/01/2022		–		–
Academy, Ltd., Term Loan, 1st Lien
5.226%, 07/01/2022		24		19
Albertson’s, LLC, 2017-1 Term Loan B-4
3.992%,08/25/2021		92		92
BJ’s Wholesale Club, Tranche B Term Loan
4.968%, 02/03/2024		70		68
General Nutrition Centers, Term Loan, 1st Lien
3.730%, 03/04/2019		102		96
Harbor Freight Tools USA, Initial Loan (2016), 1st Lien
4.295%, 08/18/2023		213		213
JBS USA Lux SA (fka JBS USA, LLC), Initial Term Loan, 1st Lien
5.750%, 10/30/2022		142		138
Party City, Cov-Lite, Term Loan B, 1st Lien
4.180%, 08/19/2022		62		62
4.050%, 08/19/2022		3		3



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
PETCO Animal Supplies, Cov-Lite, Term Loan B1, 1st Lien
4.172%, 01/26/2023	$	84	$	75
PetSmart, Term Loan B2, 1st Lien
4.220%, 03/11/2022		39		36
Seminole Hard Rock Entertainment (Seminole Hard Rock International, LLC), Term Loan, 1st Lien
3.897%, 05/14/2020		486		486

				1,441


Energy – 1.8%
California Resources, Term Loan, 1st Lien
11.534%, 12/31/2021		68		71
Chief Exploration & Development LLC, Term Loan, 2nd Lien
7.932%, 05/16/2021		460		443
Energy Transfer Equity, LP, Term Loan, 1st Lien
3.826%, 02/02/2024		250		249
FTS International (fka Frac Tech International, LLC), Initial Term Loan, 1st Lien
5.976%, 04/16/2021		205		164
Pardus Oil and Gas, LLC (fka Energy & Exploration Partners, LLC), Tranche A Term Loan, 1st Lien
13.000%, 11/12/2021		67		64
Seadrill Operating LP (Seadrill Partners Finco LLC), Initial Term Loan, 1st Lien
4.296%, 02/21/2021		622		396

				1,387


Financials – 2.4%
Affinion Group, Term Loan, 1st Lien
0.000%, 05/10/2022 (C)		40		40
AmWINS Group, Term Loan, 1st Lien
3.836%, 01/25/2024		92		92
AmWINS Group, Term Loan, 2nd Lien
3.836%, 01/25/2024		37		37
Asurion, LLC (fka Asurion Corporation), Term Loan, 2nd Lien
8.545%, 03/03/2021		180		181
CH Hold, Initial Term Loan, 1st Lien
4.226%, 02/01/2024		32		32
CH Hold, Initial Term Loan, 2nd Lien
8.295%, 02/03/2025		22		22
Checkout Holding, Term B Loan, 1st Lien
4.545%, 04/09/2021		141		117
Hub International Limited, Initial Term Loan, 1st Lien
4.172%, 10/02/2020		298		298
4.037%, 10/02/2020		1		1
Onex York Acquisition, Term Loan B, 1st Lien
4.897%, 10/01/2021		469		457



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Tempo Acquisition, Cov-Lite, Term Loan, 1st Lien
4.060%, 05/01/2024	$	190	$	190
Trans Union LLC, 2016 Incremental Term Loan B-2 Commitment
3.545%, 04/09/2023		174		175
UPC Financing Partnership, Facility AP Term Loan, 1st Lien
3.742%, 04/15/2025		360		360

				2,002


Health Care – 3.4%
Acadia Healthcare, Term B Loan, 1st Lien
4.045%, 02/11/2022		195		196
Acadia Healthcare, Term B-2 Loan, 1st Lien
3.800%, 02/16/2023		197		198
BPA Laboratories, Initial Term Loan, 2nd Lien
3.672%, 04/29/2020		44		35
DJO Finance LLC, Initial Term Loan, 1st Lien
4.300%, 06/08/2020		115		114
4.295%, 06/08/2020		112		111
Envision Healthcare (fka Emergency Medical Services Corporation), Initial Term Loan, 1st Lien
4.150%, 12/01/2023		239		240
Equinox, Cov-Lite, Term Loan, 1st Lien
4.295%, 03/08/2024		287		288
Equinox, Cov-Lite, Term Loan, 2nd Lien
8.045%, 09/06/2024		75		76
Jaguar Holding, Term Loan, 1st Lien
4.046%, 08/18/2022		119		119
Press Ganey Holdings, Initial Term Loan, 1st Lien
4.295%, 10/23/2023		299		299
Siemens Audiology, Term B7 Loan, 1st Lien
4.147%, 01/17/2022		319		319
Sterigenics-Nordion Holdings, Term Loan, 1st Lien
4.150%, 05/15/2022		266		265
Team Health Holdings, Initial Term Loan, 1st Lien
3.976%, 02/06/2024		204		202
U.S. Renal Care, Initial Term Loan, 1st Lien
5.546%, 12/30/2022		67		64
Valeant Pharmaceuticals International, Ser F Tranche B Term Loan
5.830%, 04/01/2022		55		55

				2,581


Industrials – 3.6%
Air Medical Group Holdings, Initial Term Loan, 1st Lien
4.295%, 04/28/2022		217		213



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
A-L Parent LLC, Initial Term Loan, 1st Lien
4.480%, 12/01/2023	$	45	$	45
Clark Equipment, Tranche B Term Loan, 1st Lien
3.929%, 05/18/2024		50		50
Columbus McKinnon, Initial Term Loan, 1st Lien
4.296%, 01/31/2024		55		55
Dex Media, Term Loan, 1st Lien
11.045%, 07/29/2021		51		51
DH Publishing, Term Loan, 1st Lien
3.576%, 08/21/2023		202		202
Environmental Resources, Cov-Lite, Term Loan B1, 1st Lien
5.000%, 05/14/2021		21		20
Fort Dearborn Holding, Initial Term Loan, 1st Lien
5.150%, 10/19/2023		37		37
5.000%, 10/19/2023		1		1
Garda World, Cov-Lite, Term Loan, 1st Lien
5.043%, 05/12/2024 (C)		99		100
Kernet, Cov-Lite, Term Loan, 1st Lien
7.172%, 04/26/2024		63		63
McGraw-Hill Global Education Holdings, LLC, Term B Loan, 1st Lien
5.226%, 05/04/2022		99		98
Pardus Oil & Gas LLC, Cov-Lite PIK, Term Loan, 2nd Lien
5.000%, 05/13/2022		33		–
RBS Global (Rexnord LLC), Term B Loan Refinancing, 1st Lien
3.903%, 08/21/2023		130		130
3.903%, 08/21/2023		121		121
3.846%, 08/21/2023		26		26
Reynolds Group Holdings, U.S., Term Loan, 1st Lien
4.226%, 02/05/2023		383		383
Sai Global, Term Loan B, 1st Lien
5.677%, 12/08/2023		41		41
5.647%, 12/08/2023		33		34
Sequa Mezzanine Holdings, Cov-Lite, Term Loan, 1st Lien
6.672%, 11/28/2021		114		114
Sequa Mezzanine Holdings, Cov-Lite, Term Loan, 2nd Lien
10.172%, 04/28/2022		81		83
Terex, Cov-Lite, U.S. Term Loan (2017), 1st Lien
3.726%, 01/31/2024		180		180
Transdigm, Tranche D Term Loan, 1st Lien
4.296%, 06/04/2021		232		232
4.226%, 06/04/2021		16		16



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Waste Industries USA, Term B Loan, 1st Lien
3.795%, 02/27/2020	$	391	$	393

				2,688


Information Technology – 4.0%
Applied Systems, Initial Term Loan, 1st Lien
4.546%, 01/25/2021		297		299
Dell International LLC (EMC Corporation), New Term B Loan, 1st Lien
3.730%, 09/07/2023		181		182
Diebold Nixdorf, Term B Loan, 1st Lien
3.875%, 11/06/2023		40		40
Diebold Nixdorf, Term Loan, 1st Lien
3.875%, 11/06/2023		–		–
EIG Investors, Term Loan, 1st Lien
5.139%, 02/09/2023		2		2
Endurance International, Term Loan, 1st Lien
5.242%, 02/09/2023		363		364
Epicor Software (fka Eagle Parent Inc.), Term B Loan, 1st Lien
4.980%, 06/01/2022		295		295
Evergreen Skills Lux SARL, Initial Term Loan, 1st Lien
5.795%, 04/28/2021		282		266
First Data, Term Loan B1, 1st Lien
3.716%, 04/26/2024		225		225
Go Daddy Operating LLC (GD Finance), Initial Term Loan, 1st Lien
3.726%, 02/15/2024		246		246
GTT Communications, Term Loan, 1st Lien
5.063%, 01/09/2024		77		77
Infoblox, Term Loan, 1st Lien
6.045%, 11/07/2023		178		179
Ivanti Software (fka LANDesk Group, Inc.), Term Loan, 1st Lien
5.480%, 01/20/2024		64		63
Kronos Incorporated, Incremental Term Loan, 1st Lien
5.170%, 11/01/2023		103		103
5.037%, 11/01/2023		–		1
Misys Limited, Cov-Lite, Term Loan B, 1st Lien
4.736%, 04/26/2024		154		154
Misys Limited, Cov-Lite, Term Loan, 2nd Lien
8.459%, 04/28/2025 (C)		75		76
Misys Ltd., Term Loan, 1st Lien
4.736%, 06/13/2024		41		41
Oberthur Technologies Holding SAS (fka OT Frenchco 1 SAS), Facility Term Loan B1 (USD), 1st Lien
5.046%, 01/10/2024		28		28
ON Semiconductor, Cov-Lite, Term Loan, 1st Lien
3.295%, 03/31/2023		74		74



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Optiv, Initial Term Loan, 1st Lien
4.438%, 02/01/2024	$	112	$	110
Optiv, Initial Term Loan, 2nd Lien
8.438%, 01/31/2025		47		46
Rocket Software, Term Loan, 1st Lien
5.397%, 10/14/2023		71		72
Rocket Software, Term Loan, 2nd Lien
10.647%, 10/14/2024		25		25
Solera, LLC (Solera Finance, Inc.), Dollar Term Loan, 1st Lien
4.476%, 03/03/2023		47		47
VF Holding, Term B-1 Loan, 1st Lien
4.546%, 06/30/2023		105		105

				3,120


Materials – 5.4%
Alpha 3 BV, Initial Term B-1 Loan, 1st Lien
4.296%, 01/31/2024		70		70
Berlin Packaging, Cov-Lite, Term Loan, 1st Lien
4.300%, 10/01/2021		169		169
4.290%, 10/01/2021		30		30
Ceramtec Acquisition, Dollar Term Loan B1, 1st Lien
3.804%, 08/30/2020		169		169
Ceramtec Acquisition, Dollar Term Loan B3, 1st Lien
3.952%, 08/30/2020		51		51
Ceramtec Acquisition, Initial Dollar Term Loan B2, 1st Lien
3.952%, 08/30/2020		20		20
Charter Nex, Term Loan, 1st Lien
4.294%, 05/16/2024		88		88
Constantia Flexibles, Cov-Lite, Initial Term Loan, 1st Lien
4.045%, 04/30/2022		32		32
Constantia Flexibles, Cov-Lite, Term Loan B2A, 1st Lien
4.045%, 04/30/2022		164		164
Emerald Performance Materials, LLC, Initial Term Loan, 1st Lien
4.726%, 07/30/2021		98		98
Fairmount Minerals Ltd, Term Loan B2, 1st Lien
4.796%, 09/05/2019		150		141
Flex Acquisition, Initial Term Loan, 1st Lien
4.398%, 12/29/2023		136		136
Foterra Finance, Cov-Lite, Term Loan, 1st Lien
4.045%, 10/25/2023		299		281
Huntsman International LLC, 2023 Term B Loan, 1st Lien
4.121%, 04/01/2023		80		80
4.045%, 04/01/2023		1		1



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Huntsman International LLC, 2023 Term B-2 Loan, 1st Lien
4.121%, 04/01/2023	$	218	$	219
INEOS, Dollar Term Loan
3.976%, 03/31/2022		354		354
Jeld-Wen, Term B-3 Loan, 1st Lien
4.296%, 07/01/2022		536		540
Kleopatra Holdings 2 SCA, Initial German Borrower Dollar Term Loan
4.397%, 04/28/2020		32		32
Kleopatra Holdings 2 SCA, Initial U.S. Dollar Term Loan
4.397%, 04/28/2020		75		75
Kraton Polymers LLC, Term Loan B, 1st Lien
5.226%, 01/06/2022		125		126
LBM Borrower, LLC, Cov-Lite, Term Loan, 1st Lien
6.546%, 08/20/2022		38		38
6.452%, 08/20/2022		90		90
Mueller Water Products, Initial Term Loan, 1st Lien
3.647%, 11/25/2021		62		62
Mueller Water Products, Term Loan, 1st Lien
3.647%, 11/25/2021		34		34
Murray Energy, Term B-2 Loan, 1st Lien
8.397%, 04/16/2020		261		254
Peabody Energy, Term Loan, 1st Lien
5.726%, 03/31/2022 (D)		103		103
Royal Adhesives & Sealants, Cov-Lite, Term Loan, 1st Lien
4.546%, 06/20/2022		125		126
Signode Industrial Group Lux SA (Signode Industrial Group US Inc.), Initial Term B Loan, 1st Lien
4.046%, 05/01/2021		22		22
3.897%, 05/01/2021		77		77
Signode Industrial Group Lux SA, Initial Term B Loan
3.795%, 05/01/2021		74		74
Tricorbraun Holdings, Closing Date Term Loan, 1st Lien
5.046%, 11/30/2023		69		70
Wilsonart LLC, Tranche C Term Loan, 1st Lien
4.650%, 12/19/2023		299		300

				4,126


Real Estate – 0.6%
Communications Sales & Leasing, (CSL Capital, LLC), Shortfall Term Loan, 1st Lien
4.226%, 10/24/2022		273		273



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
RE/MAX, LLC (fka RE/MAX International, LLC), Term Loan, 1st Lien
4.046%, 12/15/2023	$	255	$	256

				529


Telecommunications – 2.2%
Digicel, Term Loan, 1st Lien
4.940%, 05/10/2024 (C)		100		101
DigitalGlobe, Term Loan, 1st Lien
3.976%, 01/15/2024		200		200
Genesys, Cov-Lite, Term Loan, 1st Lien
5.296%, 12/01/2023		2		2
Greeneden U.S. Holdings I, LLC, Tranche B-1 Dollar Term Loan, 1st Lien
5.296%, 12/01/2023		4		4
Intelsat Jackson Holdings SA, Tranche B-2 Term Loan, 1st Lien
4.000%, 06/30/2019 (B)		144		143
LTS Buyer LLC (Sidera Networks, Inc.), Term B Loan, 1st Lien
4.546%, 04/13/2020		276		277
Masergy Holdings, Term Loan, 1st Lien
4.828%, 12/15/2023		59		60
Radiate Holdco, LLC, Closing Date Term Loan, 1st Lien
4.226%, 02/01/2024		121		119
Sprint Communications, Initial Term Loan, 1st Lien
3.750%, 02/02/2024		234		234
Telenet Financing, Term Loan, 1st Lien
3.909%, 06/30/2025		150		150
WideOpenWest Finance, LLC, New Term B Loan, 1st Lien
4.554%, 08/18/2023		307		306
4.545%, 08/18/2023		1		1
Zayo Group LLC (Zayo Capital, Inc.), 2017 Incremental Refinancing B-2 Term Loan, 1st Lien
3.716%, 01/19/2024 (C)		5		5

				1,602


Utilities – 0.2%
Dynegy, Tranche C-1 Term Loan, 1st Lien
4.476%, 02/07/2024		45		45
Environmental Resources, Cov-Lite, Term Loan B1, 1st Lien
5.147%, 05/14/2021		21		19
5.147%, 05/14/2021		4		4
Vistra Operations LLC (fka Tex Operations Company LLC), 2016 Incremental Term Loan, 1st Lien
4.250%, 12/14/2023		86		86



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Vistra Operations LLC (fka Tex Operations Company LLC), Term Loan, 1st Lien
4.483%, 12/14/2023	$	28	$	28
4.459%, 12/14/2023		–		–

				182

Total Loan Participations (Cost $22,452) ($ Thousands)				21,958


ASSET-BACKED SECURITIES – 17.1%

Automotive – 7.0%
American Credit Acceptance Receivables Trust, Ser 2017-2, Cl A
1.840%, 07/13/2020 (A)		275		275
AmeriCredit Automobile Receivables Trust, Ser 2015-1, Cl A3
1.260%, 11/08/2019		78		78
AmeriCredit Automobile Receivables Trust, Ser 2016-2, Cl A3
1.600%, 11/09/2020		205		205
Americredit Automobile Receivables Trust, Ser 2016-4, Cl A2A
1.340%, 04/08/2020		266		266
Capital Auto Receivables Asset Trust, Ser 2015-3, Cl A2
1.720%, 01/22/2019		295		295
Chrysler Capital Auto Receivables Trust, Ser 2014-AA, Cl A4
1.310%, 05/15/2019 (A)		23		23
Credit Acceptance Auto Loan Trust, Ser 2017- 2A, Cl A
2.550%, 02/17/2026 (A)		250		250
Enterprise Fleet Financing, Ser 2016-2, Cl A2
1.740%, 02/22/2022 (A)		238		238
Enterprise Fleet Financing, Ser 2017-2, Cl A2
1.970%, 01/20/2023 (A)		100		100
First Investors Auto Owner Trust, Ser 2016-1A, Cl A1
1.920%, 05/15/2020 (A)		121		121
Flagship Credit Auto Trust, Ser 2017-2, Cl A
1.850%, 07/15/2021 (A)		125		125
Ford Credit Auto Lease Trust, Ser 2015-B, Cl B
1.920%, 03/15/2019		325		324
Ford Credit Floorplan Master Owner Trust, Ser 2016-4, Cl A
1.689%, 07/15/2020 (B)		290		291
Ford Credit Floorplan Master Owner Trust, Ser 2016-5, Cl A1
1.950%, 11/15/2021		150		150
GLS Auto Receivables Trust, Ser 2016-1A, Cl A
2.730%, 10/15/2020 (A)		156		156



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
GLS Auto Receivables Trust, Ser 2017-1A, Cl A2
2.670%, 04/15/2021 (A)	$	205	$	205
GM Financial Automobile Leasing Trust, Ser 2015-1, Cl A3
1.530%, 09/20/2018		148		148
GM Financial Automobile Leasing Trust, Ser 2015-2, Cl A3
1.680%, 12/20/2018		75		75
GM Financial Automobile Leasing Trust, Ser 2016-2, Cl A3
1.620%, 09/20/2019		230		230
Hyundai Auto Lease Securitization Trust, Ser 2016-B, Cl A3
1.520%, 10/15/2019 (A)		200		200
Hyundai Auto Lease Securitization Trust, Ser 2017-A, Cl A2A
1.560%, 07/15/2019 (A)		195		195
Santander Drive Auto Receivables Trust, Ser 2015-5, Cl A3
1.580%, 09/16/2019		101		101
Santander Drive Auto Receivables Trust, Ser 2016-1, Cl B
2.470%, 12/15/2020		250		251
Santander Drive Auto Receivables Trust, Ser 2016-3, Cl C
2.460%, 03/15/2022		150		150
Toyota Auto Receivables Owner Trust, Ser 2016-B, Cl A3
1.300%, 04/15/2020		100		100
United Auto Credit Securitization Trust, Ser 2017-1, Cl A
1.890%, 05/10/2019 (A)		255		255
Westlake Automobile Receivables Trust, Ser 2016-2A, Cl A2
1.570%, 06/17/2019 (A)		184		184
Westlake Automobile Receivables Trust, Ser 2016-2A, Cl B
2.300%, 11/15/2019 (A)		350		351
Westlake Automobile Receivables Trust, Ser 2017-1A, Cl A2
1.780%, 04/15/2020 (A)		100		100

				5,442


Credit Cards – 0.8%
Cabela’s Credit Card Master Note Trust, Ser 2016-1, Cl A1
1.780%, 06/15/2022		355		354
Capital One Multi-Asset Execution Trust, Ser 2016-A1, Cl A1
1.609%, 02/15/2022 (B)		300		302

				656



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Non-Agency Mortgage-Backed Obligations – 0.8%
COLT Mortgage Loan Trust, Ser 2016-3, Cl A3
3.750%, 12/26/2046 (A)(B)	$	146	$	148
COLT Mortgage Loan Trust, Ser 2017-1, Cl A1
2.614%, 05/27/2047 (A)(B)		93		94
Deephaven Residential Mortgage Trust, Ser 2017-1A, Cl A1
2.725%, 12/26/2046 (A)(B)		88		88
Deephaven Residential Mortgage Trust, Ser 2017-2A, Cl A1
2.453%, 06/25/2047 (A)(B)		100		100
MFA Trust, Ser 2017-RPL1, Cl A1
2.588%, 02/25/2057 (A)(B)		98		98
New Residential Mortgage Loan Trust, Ser 2017-3A, Cl A1
4.000%, 04/25/2057 (A)(B)		123		128

				656


Other Asset-Backed Securities – 8.5%
Accredited Mortgage Loan Trust, Ser 2004-4, Cl A1A
1.704%, 01/25/2035 (B)		156		155
Aegis Asset-Backed Securities Trust Mortgage Pass-Through Certificates, Ser 2004-3, Cl A2B
2.124%, 09/25/2034 (B)		40		40
Apidos CLO XII, Ser 2013-12A, Cl A
2.123%, 04/15/2025 (A)(B)		550		551
Cent CLO, Ser 2014-16AR, Cl A1AR
2.284%, 08/01/2024 (A)(B)		445		445
Cent CLO, Ser 2017-20A, Cl AR
2.256%, 01/25/2026 (A)(B)		325		325
Chesapeake Funding II, Ser 2017-2A, Cl A1
1.990%, 05/15/2029 (A)		200		200
CIFC Funding, Ser 2013-1A, Cl A1
2.173%, 04/16/2025 (A)(B)		485		487
CNH Equipment Trust, Ser 2016-B, Cl A2A
1.310%, 10/15/2019		135		135
Dryden XXXI Senior Loan Fund, Ser 2017-31A, Cl AR
2.238%, 04/18/2026 (A)(B)		350		350
First Franklin Mortgage Loan Trust, Ser 2006- FF1, Cl 2A3
1.456%, 01/25/2036 (B)		44		44
Limerock CLO II, Ser 2017-2A, Cl AR
2.458%, 04/18/2026 (A)(B)		300		300
MMAF Equipment Finance, Ser 2017-AA, Cl A2
1.730%, 05/18/2020 (A)		100		100
Nationstar HECM Loan Trust, Ser 2015-2A, Cl A
2.883%, 11/25/2025 (A)		22		21



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Nationstar HECM Loan Trust, Ser 2016-1A, Cl A
2.981%, 02/25/2026 (A)(B)	$	54	$	54
Nationstar HECM Loan Trust, Ser 2016-2A, Cl A
2.239%, 06/25/2026 (A)(B)		93		94
Nationstar HECM Loan Trust, Ser 2017-1A, Cl A
1.968%, 05/25/2027 (A)		84		84
NYCTL Trust, Ser 2015-A, Cl A
1.340%, 11/10/2028 (A)		82		82
NYCTL Trust, Ser 2016-A, Cl A
1.470%, 11/10/2029 (A)		74		74
Octagon Investment Partners XVI, Ser 2013- 1A, Cl A
2.143%, 07/17/2025 (A)(B)		550		551
OHA Credit Partners VIII, Ser 2013-8A, Cl A
2.150%, 04/20/2025 (A)(B)		330		330
SLM Student Loan Trust, Ser 2005-4, Cl A3
1.158%, 01/25/2027 (B)		130		129
SLM Student Loan Trust, Ser 2008-5, Cl A4
2.856%, 07/25/2023 (B)		319		328
SLM Student Loan Trust, Ser 2008-9, Cl A
2.656%, 04/25/2023 (B)		149		152
SLM Student Loan Trust, Ser 2011-1, Cl A1
1.736%, 03/25/2026 (B)		248		249
SPS Servicer Advance Receivables Trust, Ser 2016-T1, Cl AT1
2.530%, 11/16/2048 (A)		151		150
Symphony CLO, Ser 2014-8AR, Cl BR
2.905%, 01/09/2023 (A)(B)		805		807
VOLT LX, Ser 2017-NPL7, Cl A1
3.250%, 04/25/2059 (A)		100		100
Voya CLO, Ser 2017-4A, Cl A2AR
0.000%, 10/14/2026 (A)(B)		250		250

				6,587

Total Asset-Backed Securities (Cost $13,335) ($ Thousands)				13,341


MORTGAGE-BACKED SECURITIES – 10.3%

Agency Mortgage-Backed Obligations – 3.8%
FHLMC
6.000%, 09/01/2026		50		56
FNMA
6.500%, 09/01/2026		39		44
6.000%, 11/01/2026 to 04/01/2040		314		353
5.000%, 02/01/2023 to 03/01/2025		71		75
FNMA TBA
3.500%, 07/25/2026		900		936
FNMA, Ser 2017-KT01
1.349%, 02/25/2020		65		65
FREMF Mortgage Trust, Ser 2013-K502, Cl C
2.967%, 03/25/2045 (A)(B)		260		260



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FREMF Mortgage Trust, Ser 2014-K503, Cl C
3.072%, 10/25/2047 (A)(B)	$	155	$	155
FREMF Mortgage Trust, Ser K703, Cl B
5.045%, 07/25/2044 (A)(B)		250		256
FREMF Mortgage Trust, Ser K706, Cl C
4.169%, 11/25/2044 (A)(B)		150		153
NCUA Guaranteed Notes, Ser 2010-R1, Cl 1A
1.534%, 10/07/2020 (B)		207		207
NCUA Guaranteed Notes, Ser 2011-R1, Cl 1A
1.442%, 01/08/2020 (B)		284		284
NCUA Guaranteed Notes, Ser 2011-R3, Cl 1A
1.394%, 03/11/2020 (B)		88		88
NCUA Guaranteed Notes, Ser 2011-R4, Cl 1A
1.368%, 03/06/2020 (B)		14		14


				2,946


Non-Agency Mortgage-Backed Obligations – 6.5%
Banc of America Mortgage Securities, Ser 2004-J, Cl 2A1
3.385%, 11/25/2034 (B)		48		48
Banc of America Mortgage Securities, Ser 2005-C, Cl 2A2
3.207%, 04/25/2035 (B)		155		144
Banc of America Mortgage Securities, Ser 2005-I, Cl 2A1
3.262%, 10/25/2035 (B)		127		117
Citigroup Commercial Mortgage Trust, Ser 2008-C7, Cl A4
6.150%, 12/10/2049 (B)		313		314
Citigroup Mortgage Loan Trust, Ser 2004-HYB3, Cl 1A
3.243%, 09/25/2034 (B)		34		34
Citigroup/Deutsche Bank Commercial Mortgage Trust, Ser 2007-CD5, Cl A4
5.886%, 11/15/2044 (B)		50		50
COMM Mortgage Trust, Ser 2013-CR10, Cl A1
1.278%, 08/10/2046		98		97
FHLMC Structured Agency Credit Risk Debt Notes
2.416%, 04/25/2029		244		246
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2013-DN1, Cl M1
4.424%, 07/25/2023 (B)		184		186
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2014-DN2, Cl M2
2.866%, 04/25/2024 (B)		222		225
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2015-DN1, Cl M2
3.616%, 01/25/2025 (B)		158		159
FNMA Connecticut Avenue Securities, Ser 2014- C02, Cl 1M1
1.974%, 05/25/2024 (B)		119		119



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FNMA Connecticut Avenue Securities, Ser 2014-C02, Cl 2M1
1.974%, 05/25/2024 (B)	$	31	$	31
FNMA Connecticut Avenue Securities, Ser 2014-C03, Cl 1M1
2.224%, 07/25/2024 (B)		100		100
FNMA Connecticut Avenue Securities, Ser 2017-C02, Cl 2M1
2.366%, 09/25/2029 (B)		103		104
GS Mortgage Securities, Ser 2010-C2, Cl A1 3.849%, 12/10/2043 (A)		50		52
GS Mortgage Securities, Ser 2013-GC13, Cl A1
1.206%, 07/10/2046		14		14
Impac CMB Trust, Ser 2005-1, Cl 1A1
1.544%, 04/25/2035 (B)		150		143
LB-UBS Commercial Mortgage Trust, Ser 2008-C1, Cl A2
6.067%, 04/15/2041 (B)		269		274
Morgan Stanley Re-REMIC Trust, Ser 2012-IO, Cl AXA
1.000%, 03/27/2051 (A)		98		98
Mortgage Repurchase Agreement Financing Trust, Ser 2016-5, Cl A
2.287%, 06/10/2019 (A)(B)		300		299
MortgageIT Trust, Ser 2005-5, Cl A1
1.284%, 12/25/2035 (B)		429		401
Option One Mortgage Loan Trust, Ser 2005-1, Cl A1A
1.524%, 02/25/2035 (B)		77		77
Sequoia Mortgage Trust, Ser 2004-10, Cl A2
1.852%, 11/20/2034 (B)		100		93
Sequoia Mortgage Trust, Ser 2004-11, Cl A1
1.812%, 12/20/2034 (B)		77		76
Sequoia Mortgage Trust, Ser 2005-2, Cl A1
1.432%, 03/20/2035 (B)		46		43
Series RRX Trust, Ser 2014-1A, Cl A, PO
0.000%, 08/26/2044 (A)(E)		200		195
Towd Point Mortgage Trust, Ser 2015-4, Cl A1B
2.750%, 04/25/2055 (A)(B)		116		117
Towd Point Mortgage Trust, Ser 2015-5, Cl A1B
2.750%, 05/25/2055 (A)(B)		123		124
Towd Point Mortgage Trust, Ser 2016-1, Cl A1B
2.750%, 02/25/2055 (A)(B)		125		127
Towd Point Mortgage Trust, Ser 2016-3, Cl A1
2.250%, 04/25/2056 (A)(B)		256		255
Towd Point Mortgage Trust, Ser 2016-4, Cl A1
2.250%, 07/25/2056 (A)(B)		400		399
Washington Mutual Mortgage Pass-Through Certificates, Ser 2006-AR2, Cl 1A1
2.912%, 03/25/2036 (B)		192		182



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Wells Fargo Mortgage-Backed Securities Trust, Ser 2004-BB, Cl A2
3.075%, 01/25/2035 (B)	$	118	$	118


				5,061

Total Mortgage-Backed Securities (Cost $8,079) ($ Thousands)				8,007


MUNICIPAL BONDS – 1.3%

California – 0.3%
California State, RB
2.001%, 04/01/2022 (B)		250		251


Florida – 0.5%
Florida State, Board of Administration Finance, Ser A, RB
2.163%, 07/01/2019		350		352


Illinois – 0.2%
Illinois State, GO
5.665%, 03/01/2018		115		117
5.163%, 02/01/2018		5		5


				122


Indiana – 0.1%
City of Whiting, AMT, RB
1.660%, 12/02/2019 (B)		100		100


Pennsylvania – 0.2%
Pennsylvania State, Housing Finance Agency, Ser 123C, RB
1.750%, 12/20/2017 (B)		150		150


Total Municipal Bonds (Cost $972) ($ Thousands)				975


	Shares

COMMON STOCK – 0.2%
Dex Media *		23,332		90
Energy & Exploration Partners *		85		–
Nelson Education *		26,098		1
TE Holdcorp *		11,340		51
Vistra Energy		2,451		41


Total Common Stock (Cost $594) ($ Thousands)				183



Description	Shares		Market Value ($ Thousands)

PREFERRED STOCK – 0.2%

TE Holdcorp, 0.000% *		16,542	$	157


Total Preferred Stock (Cost $154) ($ Thousands)				157


	Number of Rights

RIGHTS – 0.0%
Texas Competitive Electric Holdings LLC, Taxable Receivable Agreement Rights
0.000 *‡‡		2,451		2


Total Rights (Cost $3) ($ Thousands)				2


	Number of Warrants

WARRANTS – 0.0%
Lion Holding Warrants, Cl A, Expires 12/30/2027
Strike Price $ 0.00 *		148		–
Lion Holding Warrants, Cl B, Expires 12/30/2027
Strike Price $ 0.00 *		237		–


Total Warrants (Cost $–) ($ Thousands)				–



Description	Shares		Market Value ($ Thousands)

CASH EQUIVALENT – 1.8%
SEI Daily Income Trust, Government Fund, Cl F
0.760%**†		1,421,544	$	1,422


Total Cash Equivalent (Cost $1,422) ($ Thousands)				1,422


	Face Amount (Thousands)

REPURCHASE AGREEMENT(F) – 1.9%
Goldman Sachs
1.070%, dated 06/30/17, to be repurchased on 07/03/2017, repurchase price $1,500,134 (collateralized by various FNMA and FMAC obligations, ranging in par value $2,6788–$3,300,000, 2.500%–7.000%, 02/01/2032–06/01/2047; total market value $1,530,000)		1,500		1,500


Total Repurchase Agreement (Cost $1,500) ($ Thousands)				1,500


Total Investments – 101.5% (Cost $80,185) ($ Thousands) @			$	79,165

A list of the open futures contracts held by the Fund at June 30, 2017, is as follows:



Type of Contract	Number of Contracts Long (Short)			Expiration Date		Unrealized Appreciation (Depreciation) ($ Thousands)
U.S. 10-Year Treasury Note		(8	)		Sep-2017	$2
U.S. 2-Year Treasury Note		(14	)		Oct-2017	5
U.S. 5-Year Treasury Note		4			Oct-2017	(1)

						$6

Percentages are based on Net Assets of $78,021 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of June 30, 2017.

†	Investment in Affiliated Security.

‡‡	Expiration date not available.

(A)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On June 30, 2017, the value of these securities amounted to $20,488 ($ Thousands), representing 26.3% of the Net Assets of the Fund.

(B)	Variable Rate Security – The rate reported on the Schedule of Investments is the rate in effect as of June 30, 2017.

(C)	Unsettled bank loan. Interest rate not available.

(D)	Securities considered illiquid. The total value of such securities as of June 30, 2017 was $103 ($ Thousands) and represented 0.1% of the Net Assets of the Fund.

(E)	Zero coupon security.

(F)	Tri-Party Repurchase Agreement.

AMT	– Alternative Minimum Tax

– Class

CLO – Collateralized Loan Obligation

FHLMC – Federal Home Loan Mortgage Corporation

FMAC – Freddie Mac

FNMA – Federal National Mortgage Association

FREMF– Freddie Mac Multi-Family

GO – General Obligation

LLC – Limited Liability Company

LP – Limited Partnership

Ltd. – Limited

MTN – Medium Term Note

NCUA – National Credit Union Association

PIK– Payment-in-Kind

PLC – Public Limited Company

RB – Revenue Bond

RE-REMIC – Resecuritization of Real Estate Mortgage Investment Conduit

Ser – Series

TBA – To Be Announced

ULC – Unlimited Liability Company

USD – U.S. Dollar

@At June 30, 2017, the tax basis cost of the Fund’s investments was $80,185 ($ Thousands), and the unrealized appreciation and depreciation were $512 ($ Thousands) and $(1,532) ($ Thousands), respectively.

The following is a list of the levels of inputs used as of June 30, 2017 in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3⁽¹⁾		Total
Corporate Obligations	$	–	$	31,620	$	–	$	31,620
Loan Participations		–		21,933		25		21,958
Asset-Backed Securities		–		13,341		–		13,341
Mortgage-Backed Securities		–		8,007		–		8,007
Municipal Bonds		–		975		–		975
Common Stock		41		142		–		183
Preferred Stock		–		157		–		157
Rights		–		2		–		2
Warrants		–		–		–		–
Cash Equivalent		1,422		–		–		1,422
Repurchase Agreement		–		1,500		–		1,500

Total Investments in Securities	$	1,463	$	77,677	$	25	$	79,167


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Appreciation	$	7	$	–	$	–	$	7
Unrealized Depreciation		(1)		–		–		(1)

Total Other Financial Instruments	$	6	$	–	$	–	$	6

*Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

(1) A reconciliation of Level 3 investments is presented when the Fund has a significant amount of

Level 3 investments at the beginning and/or end of the period in relation to net assets. Management has concluded that Level 3 investments are not material in relation to net assets.

For the period ended June 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended June 30, 2017, there were no transfers from Level 2 into Level 3 assets and liabilities.

Amounts designated as “–” are $0 or have been rounded to $0.

The following is a summary of the transactions with affiliates for the period ended June 30, 2017 ($ Thousands):



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES – 33.0%

Agency Mortgage-Backed Obligations – 27.3%
FHLMC
7.500%, 05/01/2031 to 09/01/2032	$	271	$	296
7.000%, 05/01/2024 to 03/01/2039		295		324
6.500%, 10/01/2031 to 09/01/2039		139		157
6.000%, 03/01/2020 to 07/01/2037		868		932
5.500%, 06/01/2020 to 11/01/2035		711		758
5.000%, 10/01/2018 to 06/01/2044		4,330		4,722
4.500%, 08/01/2020 to 06/01/2047		8,017		8,683
4.000%, 04/01/2019 to 07/01/2047		18,984		20,053
3.500%, 06/01/2026 to 12/01/2046		40,712		42,119
3.000%, 03/01/2031 to 01/01/2047		23,320		23,326
2.500%, 12/01/2031		3,206		3,226
FHLMC ARM
3.090%, 02/01/2045 (A)		353		362
2.631%, 07/01/2046 (A)		1,733		1,762
FHLMC CMO, Ser 1988-1, Cl Z
9.300%, 04/15/2019		1		1
FHLMC CMO, Ser 1997-1983, Cl Z
6.500%, 12/15/2023		382		414
FHLMC CMO, Ser 2001-2277, Cl B
7.500%, 01/15/2031		80		95
FHLMC CMO, Ser 2002-2399, Cl XG
6.500%, 01/15/2032		440		492
FHLMC CMO, Ser 2005-2945, Cl SA
10.514%, 03/15/2020 (A)		89		92
FHLMC CMO, Ser 2006-R007, Cl ZA
6.000%, 05/15/2036		935		1,051
FHLMC CMO, Ser 2007-3294, Cl CB
5.500%, 03/15/2037		198		219
FHLMC CMO, Ser 2008-3451, Cl SB, IO
5.041%, 05/15/2038 (A)		63		9
FHLMC CMO, Ser 2010-3621, Cl SB, IO
5.071%, 01/15/2040 (A)		79		13
FHLMC CMO, Ser 2011-3829, Cl ED
3.500%, 10/15/2028		138		139
FHLMC CMO, Ser 2011-3838, Cl QE
3.500%, 01/15/2029		237		239
FHLMC CMO, Ser 2011-3947, Cl SG, IO
4.791%, 10/15/2041 (A)		581		94
FHLMC CMO, Ser 2012-4054, Cl SA, IO
4.891%, 08/15/2039 (A)		1,001		164
FHLMC CMO, Ser 2012-4092, Cl AI, IO
3.000%, 09/15/2031		1,028		106
FHLMC CMO, Ser 2013-4174, Cl SA, IO
5.211%, 05/15/2039 (A)		334		44
FHLMC CMO, Ser 2013-4203, Cl PS, IO
5.261%, 09/15/2042 (A)		338		56
FHLMC CMO, Ser 2014-4415, Cl IO, IO
1.797%, 04/15/2041 (A)		576		31
FHLMC CMO, Ser 2015-4425, Cl A
4.000%, 09/15/2040		598		633



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)

FHLMC CMO, Ser 2015-4529, Cl HC
3.000%, 10/15/2039	$	242	$	246
FHLMC CMO, Ser 2016-4640, Cl LD
4.000%, 09/15/2043		1,898		2,001
FHLMC Multifamily Structured Pass-Through Certificates, Ser K015, Cl X1, IO
1.606%, 07/25/2021 (A)		1,321		72
FHLMC Multifamily Structured Pass-Through Certificates, Ser K016, Cl X1, IO
1.533%, 10/25/2021 (A)		283		15
FHLMC Multifamily Structured Pass-Through Certificates, Ser K064, Cl X1, IO
0.745%, 03/25/2027 (A)		4,990		246
FHLMC Multifamily Structured Pass-Through Certificates, Ser K151, Cl A3
3.511%, 04/25/2030		1,465		1,522
FHLMC Multifamily Structured Pass-Through Certificates, Ser KW02, Cl A1
2.896%, 04/25/2026		933		956
FHLMC TBA
4.000%, 08/15/2041 to 09/15/2041		8,940		9,375
3.500%, 07/15/2041 to 08/25/2041		7,500		7,691
3.000%, 08/01/2042 to 07/15/2043		7,800		7,777
FNMA
7.000%, 09/01/2026 to 02/01/2039		1,067		1,200
6.500%, 03/01/2031 to 05/01/2040		931		1,077
6.000%, 10/01/2019 to 07/01/2037		2,233		2,534
5.500%, 06/01/2018 to 09/01/2056		670		742
5.000%, 01/01/2020 to 08/01/2056		9,145		10,090
4.500%, 01/01/2020 to 04/01/2056		32,982		35,783
4.000%, 08/01/2020 to 07/01/2047		68,088		72,180
3.840%, 08/01/2021		2,908		3,092
3.762%, 12/01/2020		2,495		2,622
3.665%, 10/01/2020		1,412		1,482
3.619%, 12/01/2020		1,816		1,908
3.500%, 08/01/2028 to 02/01/2047		21,411		22,249
3.330%, 10/01/2029		1,240		1,278
3.080%, 01/01/2027		560		570
3.010%, 04/01/2028		1,320		1,326
3.000%, 01/01/2027 to 02/01/2047		12,142		12,289
2.830%, 06/01/2022		1,154		1,188
2.600%, 10/01/2031		1,370		1,294
2.510%, 08/01/2026		1,322		1,300
2.500%, 10/01/2042		740		717
FNMA ACES, Ser 2012-M14, Cl X2, IO
0.491%, 09/25/2022 (A)		18,559		374
FNMA ACES, Ser 2014-M12, Cl FA
1.276%, 10/25/2021 (A)		553		553
FNMA ACES, Ser 2014-M2, Cl A2
3.513%, 12/25/2023 (A)		1,770		1,872
FNMA ACES, Ser 2015-M13, Cl A2
2.711%, 06/25/2025 (A)		130		130



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FNMA ACES, Ser 2015-M2, Cl A3
3.047%, 12/25/2024 (A)	$	2,540	$	2,618
FNMA ACES, Ser 2015-M3, Cl FA
1.215%, 06/25/2018 (A)		713		713
FNMA ACES, Ser 2016-M11, Cl A2
2.369%, 07/25/2026 (A)		802		772
FNMA ACES, Ser 2017-M4, Cl A2
2.597%, 12/25/2026 (A)		440		430
FNMA ACES, Ser 2017-M7, Cl A2
2.961%, 02/25/2027 (A)		397		408
FNMA ARM
4.380%, 04/01/2040 (A)		253		267
3.259%, 04/01/2047 (A)		929		949
3.230%, 06/01/2047 (A)		757		778
3.192%, 10/01/2043 (A)		320		331
3.183%, 07/01/2047 (A)		188		191
3.139%, 03/01/2047 (A)		777		803
2.978%, 05/01/2047 (A)		197		202
2.654%, 11/01/2035 (A)		222		232
2.604%, 11/01/2035 (A)		882		921
2.578%, 10/01/2035 (A)		999		1,041
2.508%, 10/01/2035 (A)		147		153
FNMA CMO STRIPS, Ser 2012-409, Cl C22, IO
4.500%, 11/25/2039		564		129
FNMA CMO STRIPS, Ser 2012-409, Cl C2, IO
3.000%, 04/25/2027		742		65
FNMA CMO STRIPS, Ser 2012-409, Cl C13, IO
3.500%, 11/25/2041		505		87
FNMA CMO, Ser 1999-11, Cl Z
5.500%, 03/25/2029		205		224
FNMA CMO, Ser 2005-117, Cl LC
5.500%, 11/25/2035		631		672
FNMA CMO, Ser 2005-360, Cl 2, IO
5.000%, 08/01/2035		1,568		321
FNMA CMO, Ser 2006-112, Cl ST, IO
5.484%, 11/25/2036 (A)		1,349		161
FNMA CMO, Ser 2007-108, Cl AN
8.204%, 11/25/2037 (A)		108		125
FNMA CMO, Ser 2008-22, Cl SI, IO
5.214%, 03/25/2037 (A)		2,037		84
FNMA CMO, Ser 2009-86, Cl BO, PO
0.000%, 03/25/2037 (B)		1,690		1,542
FNMA CMO, Ser 2010-150, Cl SK, IO
6.345%, 01/25/2041 (A)		451		82
FNMA CMO, Ser 2011-43, Cl AN
3.500%, 12/25/2028		255		256
FNMA CMO, Ser 2011-59, Cl NZ
5.500%, 07/25/2041		2,363		2,650
FNMA CMO, Ser 2011-90, Cl QI, IO
5.000%, 05/25/2034		614		43
FNMA CMO, Ser 2011-96, Cl SA, IO
5.334%, 10/25/2041 (A)		1,574		278



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FNMA CMO, Ser 2012-133, Cl CS, IO
4.934%, 12/25/2042 (A)	$	457	$	95
FNMA CMO, Ser 2012-28, Cl B
6.500%, 06/25/2039		81		89
FNMA CMO, Ser 2012-46, Cl BA
6.000%, 05/25/2042		401		452
FNMA CMO, Ser 2012-70, Cl YS, IO
5.434%, 02/25/2041 (A)		125		17
FNMA CMO, Ser 2012-74, Cl OA, PO
0.000%, 03/25/2042 (B)		38		34
FNMA CMO, Ser 2012-74, Cl SA, IO
5.434%, 03/25/2042 (A)		489		81
FNMA CMO, Ser 2012-75, Cl AO, PO
0.000%, 03/25/2042 (B)		75		69
FNMA CMO, Ser 2013-35, Cl CL
3.000%, 02/25/2043		6,875		6,867
FNMA CMO, Ser 2013-9, Cl BC
6.500%, 07/25/2042		443		502
FNMA CMO, Ser 2013-9, Cl CB
5.500%, 04/25/2042		3,291		3,672
FNMA CMO, Ser 2013-9, Cl SA, IO
4.934%, 03/25/2042 (A)		602		85
FNMA CMO, Ser 2014-40, Cl EP
3.500%, 10/25/2042		423		442
FNMA CMO, Ser 2014-M4, Cl A2
3.346%, 03/25/2024 (A)		2,795		2,930
FNMA CMO, Ser 2015-55, Cl IO, IO
1.579%, 08/25/2055 (A)		1,090		57
FNMA CMO, Ser 2016-59, Cl CA
3.500%, 09/25/2043		1,826		1,909
FNMA CMO, Ser 2016-60, Cl QS, IO
4.884%, 09/25/2046 (A)		513		89
FNMA Multifamily Megas, Ser 141, Cl 1
2.966%, 05/01/2027 (A)		2,229		2,245
FNMA TBA
5.000%, 08/14/2037		1,500		1,637
4.500%, 08/01/2033		35,100		37,604
4.000%, 07/13/2039 to 09/14/2039		27,335		28,709
3.500%, 08/01/2040 to 07/01/2041		17,390		17,837
3.000%, 07/01/2026 to 08/01/2042		11,745		11,830
FREMF Mortgage Trust, Ser 2012-K20, Cl X2A, IO
0.200%, 05/25/2045 (C)		12,517		96
GNMA
8.000%, 11/15/2029 to 09/15/2030		52		56
7.500%, 03/15/2029		61		72
6.500%, 07/15/2028 to 08/15/2039		1,979		2,235
6.000%, 10/15/2023 to 10/20/2040		3,608		4,101
5.000%, 12/20/2039 to 11/20/2045		877		966
4.500%, 03/15/2041 to 04/15/2047		3,071		3,338
4.000%, 07/15/2045 to 06/20/2047		9,317		9,841
3.500%, 03/20/2046 to 04/20/2047		10,956		11,362



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
3.000%, 12/20/2046	$	4,738	$	4,791
GNMA CMO, Ser 2007-17, Cl IB, IO
5.038%, 04/20/2037 (A)		704		116
GNMA CMO, Ser 2010-31, Cl GS, IO
5.490%, 03/20/2039 (A)		80		6
GNMA CMO, Ser 2010-4, Cl NS, IO
5.218%, 01/16/2040 (A)		5,148		915
GNMA CMO, Ser 2010-85, Cl HS, IO
5.438%, 01/20/2040 (A)		89		12
GNMA CMO, Ser 2010-H27, Cl FA
1.363%, 12/20/2060 (A)		1,463		1,455
GNMA CMO, Ser 2010-H28, Cl FE
1.383%, 12/20/2060 (A)		772		770
GNMA CMO, Ser 2011-H08, Cl FG
1.463%, 03/20/2061 (A)		866		864
GNMA CMO, Ser 2011-H09, Cl AF
1.483%, 03/20/2061 (A)		618		617
GNMA CMO, Ser 2012-152, Cl IO, IO
0.759%, 01/16/2054 (A)		8,020		410
GNMA CMO, Ser 2012-34, Cl SA, IO
5.040%, 03/20/2042 (A)		569		99
GNMA CMO, Ser 2012-43, Cl SN, IO
5.428%, 04/16/2042 (A)		45		10
GNMA CMO, Ser 2012-66, Cl CI, IO
3.500%, 02/20/2038		704		62
GNMA CMO, Ser 2012-98, Cl SA, IO
5.666%, 08/16/2042 (A)		367		67
GNMA CMO, Ser 2013-53, Cl OI, IO
3.500%, 04/20/2043		400		64
GNMA CMO, Ser 2015-167, Cl OI, IO
4.000%, 04/16/2045		158		36
GNMA CMO, Ser 2016-135, Cl SB, IO
4.928%, 10/16/2046 (A)		370		102
GNMA TBA
4.500%, 07/15/2039		4,670		4,963
4.000%, 07/01/2039		8,350		8,786
3.500%, 07/15/2041 to 09/15/2041		29,045		30,052
3.000%, 07/15/2042 to 08/15/2042		24,145		24,373
NCUA Guaranteed Notes, Ser 2010-R2, Cl 1A
1.362%, 11/06/2017 (A)		770		771


				564,551


Non-Agency Mortgage-Backed Obligations – 5.7%
1211 Avenue of the Americas Trust, Ser 2015- 1211, Cl A1A2
3.901%, 08/10/2035 (C)		805		850
Adjustable Rate Mortgage Trust, Ser 2004-2, Cl 3A1
2.862%, 02/25/2035 (A)		1,480		1,403
Adjustable Rate Mortgage Trust, Ser 2007-1, Cl 5A31
1.164%, 03/25/2037 (A)		2,182		1,791



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Alternative Loan Trust, Ser 2005-36, Cl 3A1
3.136%, 08/25/2035 (A)	$	1,806	$	1,512
Alternative Loan Trust, Ser 2006-18CB, Cl A6
24.506%, 07/25/2036 (A)		315		447
Alternative Loan Trust, Ser 2006-OA11, Cl A4
1.214%, 09/25/2046 (A)		459		362
Alternative Loan Trust, Ser 2007-23CB, Cl A7
1.616%, 09/25/2037 (A)		2,477		1,582
American Home Mortgage Assets Trust, Ser 2006-6, Cl A1A
1.214%, 12/25/2046 (A)		1,579		1,242
American Home Mortgage Investment Trust, Ser 2005-1, Cl 6A
3.402%, 06/25/2045 (A)		1,485		1,482
American Home Mortgage Investment Trust, Ser 2005-4, Cl 5A
3.180%, 11/25/2045 (A)		1,651		1,254
BAMLL Commercial Mortgage Securities Trust, Ser 2014-520M, Cl A
4.185%, 08/15/2034 (A)(C)		440		468
BAMLL Re-REMIC Trust, Ser 2016-RRGG10, Cl AJA
5.979%, 08/10/2045 (A)(C)		1,812		1,359
Bayview Opportunity Master Fund IVa Trust, Ser 2017-RT1, Cl A1
3.000%, 03/28/2057 (A)(C)		1,354		1,370
BCAP Trust, Ser 2015-RR2, Cl 21A1
1.391%, 03/28/2037 (A)(C)		1,175		1,132
Bear Stearns Adjustable Rate Mortgage Trust, Ser 2004-2, Cl 24A
2.951%, 05/25/2034 (A)		142		132
Bear Stearns Asset-Backed Securities I Trust, Ser 2005-AC6, Cl 1A3
5.500%, 09/25/2035 (A)		1,476		1,455
Bear Stearns Asset-Backed Securities I Trust, Ser 2005-AC8, Cl A3, IO
6.434%, 11/25/2035 (A)		4,414		1,321
CD Commercial Mortgage Trust, Ser 2006- CD2, Cl AJ
5.643%, 01/15/2046 (A)		–		–
CD Commercial Mortgage Trust, Ser 2006- CD3, Cl AJ
5.688%, 10/15/2048		170		89
CD Commercial Mortgage Trust, Ser 2007-CD4, Cl AJ
5.398%, 12/11/2049 (A)		52		32
CD Commercial Mortgage Trust, Ser 2016-CD1, Cl A1
1.443%, 08/10/2021		168		166
CD Commercial Mortgage Trust, Ser 2016-CD1, Cl ASB
2.622%, 07/10/2026		517		511



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
CD Commercial Mortgage Trust, Ser 2017-CD4, Cl ASB
3.317%, 05/10/2050	$	221	$	227
CFCRE Commercial Mortgage Trust, Ser 2011- C1, Cl A4
4.961%, 04/15/2044 (A)(C)		459		490
CFCRE Commercial Mortgage Trust, Ser 2016- C3, Cl A1
1.793%, 01/10/2021		281		281
CFCRE Commercial Mortgage Trust, Ser 2016- C4, Cl A4
3.283%, 02/10/2026		294		295
CFCRE Commercial Mortgage Trust, Ser 2016- C7, Cl A3
3.839%, 12/10/2026		226		235
CFCRE Commercial Mortgage Trust, Ser 2016- C7, Cl A2
3.585%, 12/10/2054		290		298
CFCRE Commercial Mortgage Trust, Ser 2017- C8, Cl A4
3.572%, 05/15/2027		276		283
CFCRE Commercial Mortgage Trust, Ser 2017- C8, Cl A1
1.965%, 06/15/2050		181		181
CFCRE Commercial Mortgage Trust, Ser 2017- C8, Cl ASB
3.367%, 06/15/2050		230		236
CG-CCRE Commercial Mortgage Trust, Ser 2014-FL1, Cl A
1.939%, 06/15/2031 (A)(C)		475		474
Citigroup Commercial Mortgage Trust, Ser 2006-C5, Cl AJ
5.482%, 10/15/2049		205		193
Citigroup Commercial Mortgage Trust, Ser 20098-C7, Cl AJA
6.144%, 12/10/2049 (A)		140		81
Citigroup Commercial Mortgage Trust, Ser 2013-375P, Cl A
3.251%, 05/10/2035 (C)		1,205		1,238
Citigroup Commercial Mortgage Trust, Ser 2013-GC11, Cl AAB
2.690%, 04/10/2046		198		201
Citigroup Commercial Mortgage Trust, Ser 2013-GC11, Cl A2
1.987%, 04/10/2046		484		485
Citigroup Commercial Mortgage Trust, Ser 2013-GC11, Cl A4
3.093%, 03/10/2023		174		178
Citigroup Commercial Mortgage Trust, Ser 2014-GC19, Cl E
4.401%, 03/10/2047 (A)(C)		780		577



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
COMM Mortgage Trust, Ser 2010-C1, Cl A2
3.830%, 07/10/2046 (C)	$	63	$	64
COMM Mortgage Trust, Ser 2010-C1, Cl XWB, IO
0.791%, 07/10/2046 (A)(C)		13,060		294
COMM Mortgage Trust, Ser 2012-CR4, Cl A2
1.801%, 10/15/2045		162		162
COMM Mortgage Trust, Ser 2013-300P, Cl A1
4.353%, 08/10/2030 (C)		620		674
COMM Mortgage Trust, Ser 2013-CR10, Cl A2
2.972%, 08/10/2046		211		214
COMM Mortgage Trust, Ser 2013-CR11, Cl A1
1.468%, 10/10/2046		83		83
COMM Mortgage Trust, Ser 2013-CR12, Cl A1
1.295%, 10/10/2046		26		26
COMM Mortgage Trust, Ser 2013-CR12, Cl C
5.082%, 10/10/2046 (A)		40		41
COMM Mortgage Trust, Ser 2013-CR12, Cl AM
4.300%, 10/10/2046		100		107
COMM Mortgage Trust, Ser 2013-CR12, Cl B
4.762%, 10/10/2046 (A)		90		97
COMM Mortgage Trust, Ser 2013-CR12, Cl A4
4.046%, 10/10/2046		57		61
COMM Mortgage Trust, Ser 2013-CR6, Cl A2
2.122%, 03/10/2046		746		747
COMM Mortgage Trust, Ser 2013-CR9, Cl ASB
3.834%, 07/10/2045		632		668
COMM Mortgage Trust, Ser 2013-CR9, Cl E
4.255%, 07/10/2045 (A)(C)		780		602
COMM Mortgage Trust, Ser 2014-CR19, Cl C
4.718%, 08/10/2024 (A)		550		564
COMM Mortgage Trust, Ser 2014-UBS4, Cl A5
3.694%, 08/10/2047		223		231
COMM Mortgage Trust, Ser 2014-UBS5, Cl ASB
3.548%, 09/10/2047		191		200
COMM Mortgage Trust, Ser 2014-UBS6, Cl AM
4.048%, 12/10/2047		488		510
COMM Mortgage Trust, Ser 2016-787S, Cl A
3.545%, 02/10/2036 (C)		650		668
COMM Mortgage Trust, Ser 2016-COR1, Cl ASB
2.972%, 10/10/2049		226		228
Commercial Mortgage Pass-Through Certificates, Ser 2012-CR3, Cl A3
2.822%, 11/15/2045		233		236
Commercial Mortgage Pass-Through Certificates, Ser 2013-WWP, Cl A2
3.424%, 03/10/2031 (C)		100		104
Commercial Mortgage Pass-Through Certificates, Ser 2014-UBS2, Cl A5
3.961%, 03/10/2047		78		82
Core Industrial Trust, Ser 2015-TEXW, Cl E
3.977%, 02/10/2034 (A)(C)		630		624



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Credit Suisse Commercial Mortgage Trust, Ser 2006-C3, Cl AJ
6.210%, 06/15/2038 (A)	$	289	$	153
Credit Suisse Commercial Mortgage Trust, Ser 2006-C5, Cl AJ
5.373%, 12/15/2039		380		352
Credit Suisse Commercial Mortgage Trust, Ser 2007-C5, Cl AM
5.869%, 09/15/2040 (A)		270		264
Credit Suisse First Boston Mortgage Securities, Ser 2003-AR24, Cl 2A4
3.280%, 10/25/2033 (A)		959		945
Credit Suisse Group Funding Guernsey, Ser 2015-3GNA, Cl A1
3.065%, 03/12/2020		1,089		1,386
Credit Suisse Group Funding Guernsey, Ser 2015-3GNA, Cl A2
4.332%, 03/12/2020		383		487
Credit Suisse Mortgage Capital Certificates, Ser CHOP, Cl G
6.446%, 07/15/2032 (A)(C)		1,000		995
Credit Suisse Mortgage Trust
3.062%, 07/25/2057		1,760		1,477
Credit Suisse Mortgage Trust, Ser 2014-USA, Cl A2
3.953%, 09/15/2037 (C)		250		258
Credit Suisse Mortgage Trust, Ser 2014-USA, Cl E
4.373%, 09/15/2037 (C)		590		513
Credit Suisse Mortgage Trust, Ser 2015-4R, Cl 3A1
1.301%, 10/27/2036 (A)(C)		692		675
Credit Suisse Mortgage Trust, Ser 2015-Town, Cl F
5.489%, 03/15/2028 (A)(C)		650		650
CSAIL Commercial Mortgage Trust, Ser 2015-C2, Cl C
4.211%, 06/15/2057 (A)		635		608
CSAIL Commercial Mortgage Trust, Ser 2015- C4, Cl A4
3.808%, 11/15/2048		509		532
CSAIL Commercial Mortgage Trust, Ser 2016- C5, Cl ASB
3.533%, 11/15/2048		112		117
CSMC Trust, Ser 2014-11R, Cl 9A2
1.131%, 10/27/2036 (A)(C)		2,620		1,588
CSMC Trust, Ser 2014-TIKI, Cl F
4.812%, 09/15/2038 (A)(C)		1,600		1,592
DBJPM Mortgage Trust, Ser 2017-C6, Cl ASB
3.121%, 02/10/2027		131		133
DBJPM Mortgage Trust, Ser 2017-C6, Cl A5
3.328%, 06/10/2027		110		113



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Downey Savings & Loan Association Mortgage Loan Trust, Ser 2004-AR2, Cl A2B
1.804%, 11/19/2044 (A)	$	910	$	813
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2016-DNA2, Cl M3
5.674%, 10/25/2028 (A)		1,480		1,656
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2017-DNA2, Cl M1
2.224%, 10/25/2029 (A)		1,388		1,404
FNMA Connecticut Avenue Securities, Ser 2014-C03, Cl 1M2
4.024%, 07/25/2024 (A)		4,810		5,129
GS Mortgage Securities II, Ser 2015-GC30, Cl B
4.014%, 05/10/2050 (A)		680		670
GS Mortgage Securities Trust, Ser 2006-GG8, Cl AJ
5.622%, 11/10/2039		269		246
GS Mortgage Securities Trust, Ser 2007-GG10, Cl AM
5.769%, 08/10/2045 (A)		1,643		1,657
GS Mortgage Securities Trust, Ser 2012-GCJ7, Cl AAB
2.935%, 05/10/2045		78		79
GS Mortgage Securities Trust, Ser 2013-GC14, Cl AAB
3.817%, 04/10/2023		711		751
GS Mortgage Securities Trust, Ser 2013-GC16, Cl B
5.161%, 11/10/2046 (A)		180		198
GS Mortgage Securities Trust, Ser 2013-GC16, Cl A2
3.033%, 11/10/2018		199		201
GS Mortgage Securities Trust, Ser 2014-GC26, Cl B
4.215%, 11/10/2047 (A)		680		701
GS Mortgage Securities Trust, Ser 2016-GS3, Cl A4
2.850%, 10/10/2049		228		223
GS Mortgage Securities Trust, Ser 2016-GS3, Cl AAB
2.777%, 10/10/2049		342		342
GS Mortgage Securities Trust, Ser 2017-GS5, Cl A3
3.409%, 03/10/2050		474		486
GSMPS Mortgage Loan Trust, Ser 1998-1, Cl A
8.000%, 09/19/2027 (A)(C)		21		21
GSR Mortgage Loan Trust, Ser 2003-13, Cl 1A1
2.867%, 10/25/2033 (A)		296		299
GSR Mortgage Loan Trust, Ser 2005-AR4, Cl 3A5
3.292%, 07/25/2035 (A)		3,374		3,155



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
HarborView Mortgage Loan, Ser 2004-3, Cl 1A
3.089%, 05/19/2034 (A)	$	1,657	$	1,675
Impact Funding LLC, Ser 2010-1, Cl A1
5.314%, 01/25/2051 (C)		1,495		1,654
IndyMac IMSC Mortgage Loan Trust, Ser 2007-HOA1, Cl A22
1.396%, 07/25/2047 (A)		1,580		1,040
IndyMac INDX Mortgage Loan Trust, Ser 2007-AR7, Cl 2A1
2.955%, 06/25/2037 (A)		2,413		2,144
JPMBB Commercial Mortgage Securities Trust, Ser 2013-C15, Cl C
5.058%, 11/15/2045 (A)		190		197
JPMBB Commercial Mortgage Securities Trust, Ser 2013-C15, Cl A2
2.977%, 11/15/2045		394		400
JPMBB Commercial Mortgage Securities Trust, Ser 2013-C17, Cl B
4.886%, 01/15/2047 (A)		100		107
JPMBB Commercial Mortgage Securities Trust, Ser 2014-C21, Cl ASB
3.428%, 08/15/2047		200		208
JPMBB Commercial Mortgage Securities Trust, Ser 2014-C21, Cl A5
3.775%, 08/15/2047		486		511
JPMBB Commercial Mortgage Securities Trust, Ser 2014-C24, Cl AS
3.914%, 11/15/2047 (A)		610		632
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C28, Cl A4
3.227%, 10/15/2048		351		355
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C28, Cl A2
2.773%, 10/15/2048		211		215
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C28, Cl A3
2.912%, 10/15/2048		1,147		1,142
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C30, Cl AS
4.226%, 07/15/2048 (A)		303		320
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C30, Cl ASB
3.559%, 07/15/2048		301		315
JPMBB Commercial Mortgage Securities Trust, Ser 2016-C1, Cl ASB
3.316%, 03/15/2049		462		477
JPMCC Commercial Mortgage Securities Trust, Ser 2017-JP6, Cl ASB
3.283%, 07/15/2050		247		254
JPMDB Commercial Mortgage Securities Trust, Ser 2017-C5, Cl ASB
3.492%, 10/15/2026		87		91



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2007-CB18, Cl AJ
5.502%, 06/12/2047 (A)	$	1,495	$	1,287
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2007-CB19, Cl AJ
5.751%, 02/12/2049 (A)		250		208
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2007-LDP12, Cl AJ
6.058%, 02/15/2051 (A)		45		44
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2010-C2, Cl A2
3.616%, 11/15/2043 (C)		145		146
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2010-CNTR, Cl A2
4.311%, 08/05/2032 (C)		805		839
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2010-CNTR, Cl A1
3.300%, 08/05/2032 (C)		154		155
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2011-C3, Cl A4
4.717%, 02/16/2046 (C)		220		235
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2011-C3, Cl A3
4.388%, 02/15/2046 (C)		2,584		2,624
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2011-C4, Cl A3
4.106%, 07/15/2046 (C)		1,182		1,202
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2012-LC9, Cl A2
1.677%, 12/15/2047		82		82
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2013-C13, Cl A2
2.665%, 01/15/2046		716		723
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2014-C20, Cl A5
3.805%, 07/15/2047		500		526
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2014-C20, Cl A2
2.872%, 07/15/2047		202		205
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2014-C20, Cl C
4.572%, 07/15/2047 (A)		610		607
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2015-JP1, Cl ASB
3.733%, 01/15/2049		125		132
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2016-JP2, Cl ASB
2.713%, 09/15/2025		308		307
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2016-JP2, Cl A1
1.324%, 08/15/2049		210		208



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2016-JP3, Cl A5
2.870%, 08/15/2026	$	980	$	960
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2017-JP5, Cl ASB
3.549%, 11/15/2026		934		976
Liberty Street Trust, Ser 2016-225L, Cl A
3.597%, 02/10/2036 (C)		650		671
LSTAR Commercial Mortgage Trust, Ser 2015-3, Cl A2
2.729%, 04/20/2048 (A)(C)		1,604		1,612
MASTR Reperforming Loan Trust, Ser 2005-1, Cl 1A1
6.000%, 08/25/2034 (C)		1,608		1,512
Merrill Lynch Mortgage Investors Trust, Ser 2004-A1, Cl 4A
3.625%, 02/25/2034 (A)		140		141
ML-CFC Commercial Mortgage Trust, Ser 2007-5, Cl AJ
5.450%, 08/12/2048 (A)		392		327
ML-CFC Commercial Mortgage Trust, Ser 2007-5, Cl AJFL
5.450%, 08/12/2048 (A)(C)		51		43
ML-CFC Commercial Mortgage Trust, Ser 2007-9, Cl AJ
6.193%, 09/12/2049 (A)		1,200		936
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2012-C6, Cl A2
1.868%, 11/15/2045		68		68
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2013-C10, Cl A2
2.964%, 06/15/2018		128		129
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2013-C9, Cl A2
1.970%, 05/15/2046		61		62
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2015-C21, Cl E
3.012%, 03/15/2048 (C)		1,000		659
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2015-C22, Cl C
4.242%, 04/15/2048 (A)		630		619
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2015-C27, Cl A4
3.753%, 12/15/2047		389		407
Morgan Stanley Capital I Trust, Ser 2006-IQ12, Cl AJ
5.399%, 12/15/2043		619		489
Morgan Stanley Capital I Trust, Ser 2007-IQ16, Cl AJ
6.152%, 12/12/2049 (A)		1,010		920



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Morgan Stanley Capital I Trust, Ser 2016-UB11, Cl ASB
2.606%, 01/15/2021	$	258	$	256
Morgan Stanley Capital I Trust, Ser 2016-UB11, Cl A1
1.445%, 04/15/2021		493		487
Morgan Stanley Capital I Trust, Ser 2016-UBS9, Cl A1
1.711%, 03/15/2049		279		276
Motel 6 Trust, Ser 2015-MTL6, Cl F
5.000%, 02/05/2030 (C)		1,470		1,461
New Residential Mortgage Loan Trust, Ser 2017-3A, Cl A1
4.000%, 04/25/2057 (A)(C)		1,350		1,406
OBP Depositor Trust, Ser 2010-OBP, Cl A
4.646%, 07/15/2045 (C)		560		598
One Market Plaza Trust, Ser 2017-1MKT, Cl A
3.614%, 02/10/2032		1,360		1,415
Prime Mortgage Trust, Ser 2006-DR1, Cl 2A1
5.500%, 05/25/2035 (C)		1,335		1,232
RAMP Trust, Ser 2004-SL1, Cl A8
6.500%, 11/25/2031		121		128
RBS Commercial Funding Trust, Ser 2013-1A, Cl A
3.834%, 01/13/2032 (A)(C)		640		677
Residential Asset Securitization Trust, Ser 2004-A6, Cl A1
5.000%, 08/25/2019		34		34
Residential Asset Securitization Trust, Ser 2004-IP2, Cl 2A1
3.259%, 12/25/2034 (A)		280		280
STRU TCW, Ser 1091, Cl COLL
3.490%, 02/25/2033		1,315		1,319
STRU TCW, Ser 1092, Cl COLL
0.000%, 05/25/2030 (A)		1,300		1,310
Structured Asset Securities, Ser 2005-17, Cl 5A1
5.500%, 10/25/2035		789		637
Towd Point Mortgage Funding, Ser 2016-V1A, Cl A1
1.556%, 02/20/2054 (A)(C) GBP		769		1,004
UBS-Barclays Commercial Mortgage Trust, Ser 2012-C2, Cl A2
2.113%, 05/10/2063	$	21		21
UBS-Barclays Commercial Mortgage Trust, Ser 2012-C4, Cl D
4.495%, 12/10/2045 (A)(C)		670		655
UBS-Barclays Commercial Mortgage Trust, Ser 2012-C4, Cl A2
1.712%, 12/10/2017		336		336
VNDO Mortgage Trust, Ser 2012-6AVE, Cl A
2.996%, 11/15/2030 (C)		225		230



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
VNO Mortgage Trust, Ser PENN, Cl A
3.808%, 12/13/2029 (C)	$	630	$	660
WaMu Mortgage Pass-Through Certificates Trust, Ser 2007-OA1, Cl A1A
1.391%, 02/25/2047 (A)		2,604		2,220
Washington Mutual Mortgage Pass-Through Certificates Trust, Ser 2007-OA2, Cl 2A
1.391%, 01/25/2047 (A)		1,591		1,203
Washington Mutual MSC Mortgage Pass-Through Certificates, Ser 2003-MS1, Cl 1A
5.000%, 02/25/2018		3		3
Waterfall Commercial Mortgage Trust, Ser 2015-SBC5, Cl A
4.104%, 09/19/2022 (A)(C)		1,049		1,050
Wells Fargo Commercial Mortgage Trust, Ser 2013-LC12, Cl B
4.295%, 07/15/2046 (A)		20		21
Wells Fargo Commercial Mortgage Trust, Ser 2016-C37, Cl A5
3.794%, 11/15/2026		550		578
Wells Fargo Mortgage-Backed Securities Trust, Ser 2004-H, Cl A1
3.188%, 06/25/2034 (A)		581		590
WFRBS Commercial Mortgage Trust, Ser 2011-C3, Cl XA, IO
1.364%, 03/15/2044 (A)(C)		7,406		275
WFRBS Commercial Mortgage Trust, Ser 2011- C4, Cl A3
4.394%, 06/15/2044 (C)		1,588		1,630
WFRBS Commercial Mortgage Trust, Ser 2012-C7, Cl XA, IO
1.477%, 06/15/2045 (A)(C)		323		18
WFRBS Commercial Mortgage Trust, Ser 2014- C19, Cl B
4.723%, 03/15/2047 (A)		110		117


				117,994


Total Mortgage-Backed Securities (Cost $699,239) ($ Thousands)				682,545


U.S. TREASURY OBLIGATIONS – 29.6%
U.S. Treasury Bills(D)
0.872%, 08/10/2017		22,970		22,949
0.857%, 08/03/2017		9,820		9,813
0.824%, 09/07/2017 (E)		462		461
0.814%, 07/27/2017		10,480		10,474
U.S. Treasury Bonds
5.250%, 11/15/2028		6,745		8,683
3.816%, 02/15/2045 (D)		4,000		1,785
3.750%, 11/15/2043		17,850		20,983
3.375%, 05/15/2044		1,360		1,502



Description	Face Amount (Thousands)		Market Value ($ Thousands)

U.S. TREASURY OBLIGATIONS (continued)
3.000%, 05/15/2045	$	16,560	$	17,064
3.000%, 11/15/2045		1,726		1,778
3.000%, 02/15/2047		7,277		7,507
3.000%, 05/15/2047		39,604		40,872
2.875%, 08/15/2045		49,895		50,174
2.875%, 11/15/2046		3,573		3,593
2.863%, 08/15/2045(D)		2,120		932
2.500%, 02/15/2045(E)		25,565		23,858
2.500%, 02/15/2046		18,779		17,479
2.500%, 05/15/2046		11,245		10,462
2.250%, 08/15/2046		5,970		5,256
U.S. Treasury Inflation Protected Securities
1.375%, 02/15/2044		797		867
0.875%, 02/15/2047		6,796		6,595
0.750%, 02/15/2042		2,110		2,008
0.625%, 01/15/2024		2,997		3,040
0.375%, 07/15/2023		4,340		4,367
0.375%, 01/15/2027		2,389		2,346
0.125%, 04/15/2018		3,935		3,921
0.125%, 04/15/2021		11,591		11,574
0.125%, 04/15/2022		3,811		3,793
0.125%, 07/15/2026		9,691		9,348
U.S. Treasury Notes
2.375%, 06/30/2018		2,420		2,445
2.375%, 05/15/2027		26,824		26,994
2.250%, 11/15/2025		150		150
2.250%, 02/15/2027		2,649		2,637
2.125%, 12/31/2022		6,145		6,194
2.125%, 03/31/2024		3,080		3,082
2.125%, 05/15/2025		1,410		1,401
2.000%, 10/31/2021		5,924		5,971
2.000%, 12/31/2021		7,821		7,878
2.000%, 11/30/2022		6,005		6,018
2.000%, 05/31/2024		1,115		1,106
2.000%, 02/15/2025		175		173
2.000%, 11/15/2026		5,369		5,235
1.875%, 01/31/2022		1,367		1,369
1.875%, 03/31/2022		12,280		12,287
1.875%, 04/30/2022		12,035		12,033
1.875%, 06/30/2024		5,360		5,313
1.750%, 12/31/2020		3,435		3,445
1.750%, 05/31/2022(F)		32,369		32,179
1.750%, 06/30/2022		61,405		60,999
1.625%, 06/30/2020		5,594		5,604
1.625%, 07/31/2020		7,126		7,134
1.500%, 05/15/2020		10,167		10,155
1.500%, 05/31/2020		6,930		6,920
1.500%, 06/15/2020		4,495		4,489
1.500%, 01/31/2022		9,915		9,765
1.500%, 08/15/2026		5,912		5,531
1.375%, 12/31/2018		5,275		5,277
1.375%, 08/31/2020		1,239		1,230



Description	Face Amount (Thousands)		Market Value ($ Thousands)

U.S. TREASURY OBLIGATIONS (continued)
1.375%, 01/31/2021	$	14,522	$	14,370
1.250%, 04/30/2019		3,955		3,945
1.250%, 05/31/2019(F)		8,974		8,952
1.250%, 06/30/2019		5,908		5,892
1.125%, 02/28/2021		2,146		2,102
1.125%, 07/31/2021		347		338
1.000%, 05/15/2018		4,605		4,594
0.750%, 10/31/2017		4,355		4,350
0.750%, 04/15/2018		6,240		6,214
0.625%, 04/30/2018		5,055		5,028


Total U.S. Treasury Obligations (Cost $610,683) ($ Thousands)				612,283


CORPORATE OBLIGATIONS – 28.7%

Consumer Discretionary – 2.1%
1011778 BC ULC / New Red Finance
6.000%, 04/01/2022(C)		390		404
21st Century Fox America
7.250%, 05/18/2018		1,500		1,570
6.650%, 11/15/2037		180		237
6.200%, 12/15/2034		65		80
Altice Financing
6.625%, 02/15/2023(C)		400		424
Amazon.com
4.950%, 12/05/2044(F)		360		424
American Axle & Manufacturing
6.625%, 10/15/2022(F)		380		389
American Honda Finance MTN
3.875%, 09/21/2020(C)		1,065		1,120
AutoZone
3.750%, 06/01/2027		440		440
BMW US Capital
2.150%, 04/06/2020(C) CBS		555		558
3.375%, 02/15/2028		340		333
2.500%, 02/15/2023		675		669
CCO Holdings
5.125%, 05/01/2027(C)(F)		160		164
Charter Communications Operating
6.484%, 10/23/2045		300		360
6.384%, 10/23/2035		10		12
5.375%, 05/01/2047(C)		270		286
4.908%, 07/23/2025		580		627
4.464%, 07/23/2022		1,900		2,024
Comcast
6.950%, 08/15/2037(F)		20		28
6.550%, 07/01/2039		80		109
6.400%, 03/01/2040		100		134
4.400%, 08/15/2035		315		339
4.200%, 08/15/2034		200		212



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
3.400%, 07/15/2046	$	115	$	105
2.350%, 01/15/2027		285		267
Daimler Finance North America
2.300%, 01/06/2020(C)		830		833
Daimler Finance North America LLC
2.375%, 08/01/2018(C)		735		740
Discovery Communications
4.950%, 05/15/2042		120		112
4.900%, 03/11/2026		200		212
4.875%, 04/01/2043		235		219
DISH DBS
6.750%, 06/01/2021		80		89
5.875%, 07/15/2022		180		193
5.875%, 11/15/2024		570		608
Dollar Tree
5.750%, 03/01/2023(F)		240		253
ERAC USA Finance (C)
4.500%, 02/15/2045		100		98
3.300%, 12/01/2026		800		779
2.700%, 11/01/2023		135		132
Fiat Chrysler Automobiles
4.500%, 04/15/2020(F)		200		205
Ford Motor
5.291%, 12/08/2046(F)		470		482
4.750%, 01/15/2043		210		203
4.346%, 12/08/2026(F)		485		499
Ford Motor Credit
5.875%, 08/02/2021		230		256
3.810%, 01/09/2024		865		876
3.339%, 03/28/2022		530		538
Ford Motor Credit LLC
2.597%, 11/04/2019		775		780
1.684%, 09/08/2017		2,000		2,001
General Motors
6.750%, 04/01/2046		547		649
6.600%, 04/01/2036		670		776
6.250%, 10/02/2043(F)		100		111
General Motors Financial
4.750%, 08/15/2017		1,000		1,003
4.375%, 09/25/2021		180		190
4.350%, 01/17/2027(F)		995		1,007
4.250%, 05/15/2023		110		115
3.950%, 04/13/2024		910		923
3.450%, 04/10/2022		90		92
3.250%, 05/15/2018		60		61
3.150%, 06/30/2022		680		681
Goodyear Tire & Rubber
5.125%, 11/15/2023(F)		220		230
5.000%, 05/31/2026		140		145
Grupo Televisa
6.125%, 01/31/2046		255		283
5.000%, 05/13/2045		270		260



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Hilton Worldwide Finance
4.875%, 04/01/2027 (C)(F)	$	290	$	303
Hyundai Capital America
2.125%, 10/02/2017 (C)(F)		140		140
Lennar
4.500%, 04/30/2024		170		176
McDonald’s MTN
4.875%, 12/09/2045		580		647
3.500%, 03/01/2027		450		457
2.750%, 12/09/2020		265		270
Myriad International Holdings BV
4.850%, 07/06/2027 (C)		550		550
NBCUniversal Media
4.375%, 04/01/2021		270		291
NBCUniversal Media LLC
4.450%, 01/15/2043		75		80
NCL (C)
4.750%, 12/15/2021		40		42
4.625%, 11/15/2020		310		318
Netflix
5.875%, 02/15/2025		110		122
5.500%, 02/15/2022		50		54
Newell Brands
4.200%, 04/01/2026		260		276
3.850%, 04/01/2023		290		304
3.150%, 04/01/2021		170		174
QVC
5.950%, 03/15/2043		20		19
SFR Group
7.375%, 05/01/2026 (C)(F)		400		434
Taylor Morrison Communities
5.250%, 04/15/2021 (C)		460		471
Time Warner
6.250%, 03/29/2041		185		226
4.850%, 07/15/2045		50		52
4.750%, 03/29/2021		730		786
3.800%, 02/15/2027		560		564
3.550%, 06/01/2024		1,365		1,383
Time Warner Cable
8.250%, 04/01/2019		2,265		2,499
7.300%, 07/01/2038		420		537
6.550%, 05/01/2037		145		173
Time Warner Entertainment
8.375%, 07/15/2033		270		371
Toyota Motor Credit MTN
2.600%, 01/11/2022		990		1,000
1.250%, 10/05/2017		1,150		1,150
Viacom
4.850%, 12/15/2034		270		268
4.375%, 03/15/2043		365		325
4.250%, 09/01/2023		100		104



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
3.875%, 04/01/2024	$	100	$	102

				42,617


Consumer Staples – 2.2%
Altria Group
9.250%, 08/06/2019		1,250		1,435
4.750%, 05/05/2021		670		731
2.850%, 08/09/2022		260		264
Anheuser-Busch InBev Finance
4.900%, 02/01/2046(F)		2,345		2,647
3.650%, 02/01/2026		2,361		2,432
3.300%, 02/01/2023(F)		2,485		2,559
2.650%, 02/01/2021		1,525		1,545
Anheuser-Busch InBev Worldwide
5.375%, 01/15/2020		1,140		1,234
5.000%, 04/15/2020		430		464
2.500%, 07/15/2022		330		330
Coca-Cola Femsa
2.375%, 11/26/2018		680		683
Costco Wholesale
3.000%, 05/18/2027		750		748
2.750%, 05/18/2024		645		645
2.300%, 05/18/2022		750		749
2.150%, 05/18/2021		1,070		1,070
Cott Holdings
5.500%, 04/01/2025(C)		220		224
CVS Health
5.125%, 07/20/2045(F)		1,750		2,006
3.875%, 07/20/2025(F)		266		277
3.500%, 07/20/2022		100		104
Danone (C)
2.947%, 11/02/2026		590		570
2.589%, 11/02/2023		1,040		1,015
Diageo Capital PLC
4.828%, 07/15/2020		1,450		1,565
Kraft Heinz Foods
6.500%, 02/09/2040		225		281
5.375%, 02/10/2020		315		339
5.200%, 07/15/2045		60		65
5.000%, 07/15/2035		180		195
5.000%, 06/04/2042		50		53
4.375%, 06/01/2046		1,660		1,626
3.950%, 07/15/2025		700		720
3.500%, 06/06/2022(F)		840		868
3.500%, 07/15/2022		640		660
3.000%, 06/01/2026		720		689
2.800%, 07/02/2020		820		832
Kroger
2.950%, 11/01/2021		375		378
Lamb Weston Holdings
4.625%, 11/01/2024(C)(F)		210		216



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Molson Coors Brewing
3.500%, 05/01/2022 (F)	$	100	$	104
Mondelez International Holdings Netherlands BV (C)
2.000%, 10/28/2021		2,030		1,977
1.625%, 10/28/2019		2,055		2,034
PepsiCo
4.000%, 03/05/2042 (F)		110		112
Pernod Ricard
4.450%, 01/15/2022 (C)		180		193
Philip Morris International
4.500%, 03/20/2042		60		64
2.900%, 11/15/2021		370		379
2.500%, 08/22/2022		340		340
2.000%, 02/21/2020		1,130		1,132
Reckitt Benckiser Treasury Services
2.750%, 06/26/2024 (C)		1,250		1,239
Reynolds American
8.125%, 06/23/2019		20		22
5.850%, 08/15/2045 (F)		1,121		1,373
3.250%, 06/12/2020		162		167
Spectrum Brands
5.750%, 07/15/2025		130		139
Walgreens Boots Alliance
4.800%, 11/18/2044		470		500
3.450%, 06/01/2026 (F)		2,770		2,764
3.300%, 11/18/2021		590		609
Wal-Mart Stores
4.300%, 04/22/2044		855		947
Wm Wrigley Jr (C)
2.900%, 10/21/2019		480		488
2.400%, 10/21/2018		130		131


				44,933


Energy – 3.1%
Anadarko Finance, Ser B
7.500%, 05/01/2031		810		1,012
Anadarko Petroleum
6.600%, 03/15/2046 (F)		50		62
6.450%, 09/15/2036		30		35
5.550%, 03/15/2026 (F)		672		751
4.850%, 03/15/2021		190		203
4.500%, 07/15/2044 (F)		400		366
Apache
5.100%, 09/01/2040		130		133
4.250%, 01/15/2044		850		796
BG Energy Capital PLC
4.000%, 10/15/2021 (C)		910		965
BP Capital Markets
3.723%, 11/28/2028		85		87
3.216%, 11/28/2023		1,600		1,625



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
BP Capital Markets PLC
3.588%, 04/14/2027	$	665	$	675
3.561%, 11/01/2021		50		52
3.506%, 03/17/2025		530		542
3.245%, 05/06/2022		160		165
3.119%, 05/04/2026		100		99
Canadian Natural Resources
3.850%, 06/01/2027		267		265
Cenovus Energy
5.400%, 06/15/2047 (C)		161		150
Cheniere Corpus Christi Holdings
5.125%, 06/30/2027 (C)		200		205
Chesapeake Energy (F)
8.000%, 12/15/2022 (C)		20		21
5.750%, 03/15/2023		50		45
Chevron
2.954%, 05/16/2026		730		725
2.895%, 03/03/2024		1,130		1,139
Cimarex Energy
4.375%, 06/01/2024		380		398
3.900%, 05/15/2027		290		292
CNOOC Finance
3.500%, 05/05/2025		1,370		1,370
Concho Resources
5.500%, 10/01/2022		130		133
Conoco Funding
7.250%, 10/15/2031		50		67
ConocoPhillips
5.900%, 10/15/2032		10		12
5.900%, 05/15/2038		420		515
4.150%, 11/15/2034		630		633
Devon Energy
5.850%, 12/15/2025 (F)		450		511
5.600%, 07/15/2041		380		395
5.000%, 06/15/2045		580		586
3.250%, 05/15/2022 (F)		270		268
Devon Financing LLC
7.875%, 09/30/2031		260		337
Ecopetrol
5.875%, 05/28/2045		1,290		1,184
Enbridge
3.700%, 07/15/2027		340		340
2.900%, 07/15/2022		496		495
Enbridge Energy Partners
7.375%, 10/15/2045		140		178
5.500%, 09/15/2040		240		252
Encana
6.500%, 08/15/2034 (F)		240		274
6.500%, 02/01/2038		380		432
Energy Transfer Partners
8.250%, 11/15/2029		1,315		1,690
6.125%, 12/15/2045		255		276



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
2.500%, 06/15/2018	$	410	$	412
Ensco
8.000%, 01/31/2024(F)		218		205
4.700%, 03/15/2021		2		2
EOG Resources
4.150%, 01/15/2026(F)		230		242
ExxonMobil
4.114%, 03/01/2046		150		158
3.043%, 03/01/2026(F)		500		505
Florida Gas Transmission LLC
7.900%, 05/15/2019(C)		1,000		1,097
Halliburton
5.000%, 11/15/2045		480		511
4.850%, 11/15/2035		60		64
3.800%, 11/15/2025		540		553
Kerr-McGee
7.875%, 09/15/2031		510		656
Kinder Morgan
5.550%, 06/01/2045		220		233
5.000%, 02/15/2021(C)		840		901
4.300%, 06/01/2025		1,295		1,346
Kinder Morgan Energy Partners
5.400%, 09/01/2044		215		217
Marathon Petroleum
5.000%, 09/15/2054		240		219
4.750%, 09/15/2044		105		100
MPLX
4.875%, 12/01/2024		320		341
4.875%, 06/01/2025		110		117
Newfield Exploration
5.625%, 07/01/2024(F)		480		500
Noble Energy
5.250%, 11/15/2043		180		186
4.150%, 12/15/2021		690		727
3.900%, 11/15/2024		500		514
Occidental Petroleum
4.625%, 06/15/2045		150		159
4.400%, 04/15/2046(F)		90		94
4.100%, 02/15/2047		320		319
3.400%, 04/15/2026		270		272
3.125%, 02/15/2022		330		339
3.000%, 02/15/2027(F)		230		224
ONEOK
6.000%, 06/15/2035		135		145
Panhandle Eastern Pipeline
8.125%, 06/01/2019		2,500		2,741
Petrobras Global Finance
6.850%, 06/05/2115		620		549
6.250%, 03/17/2024		1,084		1,105
Petrobras Global Finance BV
7.375%, 01/17/2027		310		328
6.125%, 01/17/2022		130		134



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Petrobras International Finance
5.375%, 01/27/2021	$	1,090	$	1,108
Petro-Canada
6.800%, 05/15/2038		825		1,075
Petroleos Mexicanos
6.625%, 06/15/2035		727		751
6.500%, 03/13/2027(C)		291		313
6.375%, 01/23/2045		490		478
5.625%, 01/23/2046		385		341
5.500%, 06/27/2044		90		80
2.460%, 12/15/2025		1,003		1,006
2.378%, 04/15/2025		528		528
Petroleos Mexicanos MTN
6.750%, 09/21/2047		330		333
Phillips 66 Partners
4.900%, 10/01/2046		355		349
QEP Resources
6.875%, 03/01/2021(F)		340		353
Range Resources
5.875%, 07/01/2022(C)		10		10
5.000%, 03/15/2023(C)(F)		340		333
4.875%, 05/15/2025(F)		20		19
Regency Energy Partners
4.500%, 11/01/2023		690		716
Sabine Pass Liquefaction
5.875%, 06/30/2026		210		235
5.750%, 05/15/2024		220		245
5.625%, 03/01/2025		700		772
5.000%, 03/15/2027		645		686
4.200%, 03/15/2028(C)		370		374
Schlumberger Holdings (C)
4.000%, 12/21/2025		330		346
3.000%, 12/21/2020(F)		1,690		1,721
SESI LLC
7.125%, 12/15/2021(F)		60		57
Shelf Drilling Holdings
9.500%, 11/02/2020(C)		36		35
Shell International Finance
4.550%, 08/12/2043		200		214
4.375%, 03/25/2020		690		734
4.375%, 05/11/2045		280		293
4.125%, 05/11/2035		1,680		1,749
4.000%, 05/10/2046		507		501
2.875%, 05/10/2026(F)		700		691
Sinopec Group Overseas Development
4.375%, 04/10/2024(C)		860		915
SM Energy
5.000%, 01/15/2024(F)		40		35
Southern Natural Gas LLC
8.000%, 03/01/2032		170		230
Spectra Energy Partners
3.500%, 03/15/2025		415		411



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Statoil
3.700%, 03/01/2024	$	355	$	373
TC PipeLines
3.900%, 05/25/2027		320		319
Tennessee Gas Pipeline LLC
8.375%, 06/15/2032		1,638		2,038
Texas Eastern Transmission
2.800%, 10/15/2022 (C)		750		736
Total Capital International
2.875%, 02/17/2022		850		866
TransCanada PipeLines
4.625%, 03/01/2034		815		894
Transcontinental Gas Pipe Line
7.850%, 02/01/2026		590		759
Williams
7.875%, 09/01/2021		475		551
7.750%, 06/15/2031 (F)		461		549
Williams Partners
5.100%, 09/15/2045		265		275
4.875%, 03/15/2024		100		105
3.900%, 01/15/2025		750		758
3.750%, 06/15/2027		455		450
WPX Energy
8.250%, 08/01/2023		50		54
6.000%, 01/15/2022 (F)		10		10


				63,745


Financials – 10.1%
ABN AMRO Bank
4.750%, 07/28/2025 (C)		360		380
Ally Financial
7.500%, 09/15/2020		526		596
American Express
7.000%, 03/19/2018		800		830
American Express Credit MTN
2.250%, 08/15/2019		1,025		1,034
2.200%, 03/03/2020		1,500		1,507
American International Group
6.250%, 05/01/2036		335		419
6.250%, 03/15/2037 (A)		1,220		1,318
4.375%, 01/15/2055		80		77
3.900%, 04/01/2026		560		573
Banco Santander
4.250%, 04/11/2027		515		534
3.500%, 04/11/2022		370		379
Bank of America
7.625%, 06/01/2019 (F)		3,400		3,749
6.875%, 11/15/2018		1,250		1,332
6.250%, 09/29/2049 (A)		720		783
6.000%, 09/01/2017		1,650		1,661
5.750%, 12/01/2017		305		310



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Bank of America MTN
6.875%, 04/25/2018	$	675	$	703
5.650%, 05/01/2018		1,270		1,310
5.625%, 07/01/2020		110		120
5.000%, 01/21/2044(F)		770		870
4.450%, 03/03/2026		417		434
4.244%, 04/24/2038(A)		705		733
4.200%, 08/26/2024(F)		830		862
4.183%, 11/25/2027		185		188
4.000%, 04/01/2024(F)		3,310		3,468
4.000%, 01/22/2025(F)		810		824
3.875%, 08/01/2025		1,972		2,040
3.500%, 04/19/2026(F)		60		60
3.300%, 01/11/2023		160		163
2.625%, 04/19/2021		2,365		2,376
2.600%, 01/15/2019(F)		670		676
2.503%, 10/21/2022		1,055		1,042
Bank of New York Mellon
3.400%, 05/15/2024		770		794
Bank of New York Mellon MTN
3.250%, 05/16/2027		1,230		1,241
2.200%, 03/04/2019		630		634
Barclays
4.950%, 01/10/2047		345		368
Barclays Bank PLC MTN
6.050%, 12/04/2017(C)		420		427
Bear Stearns
6.400%, 10/02/2017		70		71
4.650%, 07/02/2018		995		1,023
Berkshire Hathaway Finance
4.400%, 05/15/2042		1,000		1,089
BNP Paribas
4.625%, 03/13/2027(C)		200		211
BNP Paribas MTN
2.375%, 09/14/2017		320		321
Boeing Capital
4.700%, 10/27/2019		490		523
BPCE
5.150%, 07/21/2024(C)		210		224
Brighthouse Financial (C)
4.700%, 06/22/2047		205		203
3.700%, 06/22/2027		560		553
Capital One Financial
4.200%, 10/29/2025		141		142
3.750%, 07/28/2026		345		337
3.750%, 03/09/2027(F)		200		199
Chubb INA Holdings
4.350%, 11/03/2045		475		521
3.350%, 05/03/2026		210		215
2.300%, 11/03/2020		160		161
CIT Group
5.000%, 08/15/2022		120		129



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
5.000%, 08/01/2023	$	320	$	345
Citibank
2.100%, 06/12/2020		1,885		1,886
Citigroup
8.125%, 07/15/2039		69		106
6.675%, 09/13/2043		70		93
6.625%, 06/15/2032		100		125
6.300%, 12/29/2049(A)		520		554
5.950%, 12/29/2049(A)		360		383
5.950%, 12/31/2049(A)		1,250		1,339
5.900%, 12/29/2049(A)		140		150
5.500%, 09/13/2025		750		834
5.350%, 05/29/2049(A)		390		399
5.300%, 05/06/2044		178		201
4.750%, 05/18/2046		70		74
4.650%, 07/30/2045		567		617
4.450%, 09/29/2027		1,490		1,550
4.400%, 06/10/2025		810		844
4.300%, 11/20/2026		180		185
4.281%, 04/24/2048(A)		405		414
4.050%, 07/30/2022		70		73
3.700%, 01/12/2026		905		915
3.500%, 05/15/2023		500		507
3.400%, 05/01/2026		605		599
3.200%, 10/21/2026		180		175
2.500%, 09/26/2018		4,100		4,128
2.050%, 12/07/2018		2,000		2,003
1.750%, 05/01/2018		1,835		1,834
1.550%, 08/14/2017		925		925
Citigroup Capital III
7.625%, 12/01/2036		1,500		1,902
Commonwealth Bank of Australia MTN
5.000%, 10/15/2019(C)		10		11
Compass Bank
3.875%, 04/10/2025		430		428
Cooperatieve Centrale
Raiffeisen-Boerenleenbank
5.250%, 08/04/2045		310		363
4.625%, 12/01/2023		1,100		1,185
4.375%, 08/04/2025		650		682
Cooperatieve Rabobank UA
11.000%, 12/31/2049(A)(C)		920		1,069
Credit Agricole
8.375%, 12/31/2049(A)(C)		1,090		1,215
Credit Suisse Group Funding Guernsey
4.875%, 05/15/2045		890		980
Farmers Exchange Capital
7.050%, 07/15/2028(C)		1,000		1,275
Farmers Exchange Capital II
6.151%, 11/01/2053(A)(C)		1,650		1,910
Ford Motor Credit LLC
8.125%, 01/15/2020		660		749



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
General Electric MTN
4.375%, 09/16/2020	$	30	$	32
Goldman Sachs Capital II
4.000%, 06/01/2043(A)		10		9
Goldman Sachs Group
6.750%, 10/01/2037		1,313		1,704
6.250%, 02/01/2041		750		980
6.150%, 04/01/2018(F)		2,780		2,869
5.950%, 01/18/2018		260		266
5.750%, 01/24/2022		110		124
5.250%, 07/27/2021		340		373
5.150%, 05/22/2045(F)		600		666
4.750%, 10/21/2045		390		432
4.250%, 10/21/2025(F)		520		537
3.750%, 02/25/2026		435		443
3.691%, 06/05/2028(A)		1,000		1,004
3.500%, 11/16/2026		1,095		1,089
2.750%, 09/15/2020		495		501
2.625%, 04/25/2021		385		386
2.375%, 01/22/2018		2,370		2,380
2.350%, 11/15/2021		810		799
Goldman Sachs Group MTN
7.500%, 02/15/2019		3,930		4,263
6.000%, 06/15/2020		170		188
5.375%, 03/15/2020		2,860		3,087
4.000%, 03/03/2024		490		513
3.850%, 07/08/2024		830		861
Guardian Life Global Funding
1.950%, 10/27/2021(C)		750		734
Guardian Life Global Funding MTN
2.000%, 04/26/2021(C)		1,000		985
Guardian Life Insurance of America
4.850%, 01/24/2077(C)		375		397
HBOS PLC MTN
6.750%, 05/21/2018(C)		2,100		2,184
HSBC Bank PLC
4.750%, 01/19/2021(C)		1,760		1,897
HSBC Holdings PLC
4.375%, 11/23/2026		947		983
4.250%, 03/14/2024		985		1,019
4.250%, 08/18/2025		750		771
4.041%, 03/13/2028(A)		335		347
4.000%, 03/30/2022		330		348
3.400%, 03/08/2021		1,020		1,048
3.262%, 03/13/2023(A)		1,020		1,039
2.650%, 01/05/2022		1,250		1,247
ILFC E-Capital Trust II
4.590%, 12/21/2065(A)(C)		400		382
ING Bank
5.800%, 09/25/2023(C)		920		1,039
ING Groep
3.950%, 03/29/2027		430		447



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
3.150%, 03/29/2022	$	495	$	505
International Lease Finance
7.125%, 09/01/2018(C)		2,080		2,201
Intesa Sanpaolo MTN
5.017%, 06/26/2024(C)(F)		1,610		1,633
John Deere Capital
1.700%, 01/15/2020		160		159
JPMorgan Chase
6.300%, 04/23/2019		2,000		2,152
6.000%, 01/15/2018		3,635		3,717
4.950%, 06/01/2045		150		167
4.500%, 01/24/2022(F)		180		195
4.400%, 07/22/2020		210		224
4.350%, 08/15/2021		215		230
4.260%, 02/22/2048(A)		570		596
4.250%, 10/15/2020		330		350
4.250%, 10/01/2027(F)		130		136
3.900%, 07/15/2025		2,115		2,206
3.875%, 09/10/2024(F)		620		640
3.540%, 05/01/2028(A)		230		231
3.220%, 03/01/2025(A)		2,605		2,610
2.972%, 01/15/2023		1,065		1,078
2.950%, 10/01/2026		1,095		1,057
2.776%, 04/25/2023(A)		1,275		1,277
2.700%, 05/18/2023		1,045		1,033
JPMorgan Chase Bank
6.000%, 07/05/2017		2,250		2,250
6.000%, 10/01/2017		1,600		1,616
JPMorgan Chase MTN
2.295%, 08/15/2021(F)		930		925
Kemper
4.350%, 02/15/2025		515		520
KKR Group Finance II
5.500%, 02/01/2043(C)(F)		60		66
Lazard Group LLC
3.750%, 02/13/2025		655		660
Macquarie Bank MTN
1.797%, 10/27/2017(A)(C)		1,180		1,182
Massachusetts Mutual Life Insurance
8.875%, 06/01/2039(C)		107		175
MetLife Capital Trust IV
7.875%, 12/15/2037(C)		800		1,080
Metropolitan Life Global Funding I (C)
3.450%, 12/18/2026		1,150		1,179
2.650%, 04/08/2022		490		491
1.950%, 09/15/2021		740		725
Mitsubishi UFJ Financial Group
2.998%, 02/22/2022(F)		230		233
Moody’s
2.625%, 01/15/2023(C)		455		452
Morgan Stanley
4.375%, 01/22/2047		495		516



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
3.625%, 01/20/2027	$	581	$	585
1.982%, 02/14/2020 (A)		4,500		4,519
Morgan Stanley MTN
7.300%, 05/13/2019		545		596
6.625%, 04/01/2018		1,000		1,035
5.950%, 12/28/2017		2,000		2,041
5.500%, 07/24/2020		500		546
3.125%, 07/27/2026		135		131
2.750%, 05/19/2022		1,370		1,370
2.625%, 11/17/2021		3,545		3,540
2.500%, 04/21/2021		575		574
National Australia Bank MTN
2.250%, 05/22/2022		930		925
Nationwide Mutual Insurance
3.536%, 12/15/2024 (A)(C)		2,975		2,972
New York Life Global Funding
1.550%, 11/02/2018 (C)		1,000		998
New York Life Insurance
6.750%, 11/15/2039 (C)		415		583
Northwestern Mutual Life Insurance
6.063%, 03/30/2040 (C)		690		898
PNC Bank
2.550%, 12/09/2021		250		252
2.250%, 07/02/2019		545		549
PNC Bank MTN
2.400%, 10/18/2019		625		631
Protective Life Global Funding
1.722%, 04/15/2019 (C)		1,600		1,589
Quicken Loans
5.750%, 05/01/2025 (C)		200		206
Royal Bank of Scotland Group PLC
6.125%, 12/15/2022		390		427
6.100%, 06/10/2023		550		606
6.000%, 12/19/2023		860		947
5.125%, 05/28/2024 (F)		490		515
Santander Holdings USA
4.500%, 07/17/2025		80		82
Santander UK Group Holdings
2.875%, 08/05/2021		1,485		1,488
Standard Chartered
5.700%, 03/26/2044 (C)(F)		1,160		1,318
State Street
4.956%, 03/15/2018		1,300		1,329
Sumitomo Mitsui Financial Group
2.058%, 07/14/2021		340		334
Teachers Insurance & Annuity Association of America (C)
6.850%, 12/16/2039		110		151
4.900%, 09/15/2044		175		196
4.270%, 05/15/2047		395		404
Toronto-Dominion Bank
2.250%, 03/15/2021 (C)		1,215		1,214



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
UBS Group Funding Jersey
2.650%, 02/01/2022(C)	$	1,025	$	1,023
UBS Group Funding Switzerland (C)
4.253%, 03/23/2028		1,065		1,113
4.125%, 09/24/2025		200		210
3.491%, 05/23/2023(F)		1,655		1,693
UniCredit MTN
4.625%, 04/12/2027(C)		254		267
US Bancorp MTN
3.150%, 04/27/2027		1,380		1,382
US Bank
2.125%, 10/28/2019		435		438
Visa
4.300%, 12/14/2045		570		625
3.150%, 12/14/2025		1,050		1,066
2.800%, 12/14/2022		255		260
Wachovia Capital Trust III
5.570%, 05/31/2016(A)		2,340		2,353
Wachovia MTN
5.750%, 02/01/2018		2,000		2,047
WEA Finance (C)
4.750%, 09/17/2044		230		232
3.750%, 09/17/2024		780		790
3.250%, 10/05/2020		1,750		1,781
3.150%, 04/05/2022		555		558
Wells Fargo
5.875%, 12/31/2049(A)		120		132
3.000%, 04/22/2026		1,935		1,890
3.000%, 10/23/2026		1,350		1,315
2.125%, 04/22/2019		420		422
2.100%, 07/26/2021		1,280		1,263
Wells Fargo Bank
6.000%, 11/15/2017		250		254
Wells Fargo Bank MTN
2.150%, 12/06/2019		830		834
Wells Fargo MTN
4.900%, 11/17/2045		650		709
4.750%, 12/07/2046		500		534
4.650%, 11/04/2044		260		273
4.600%, 04/01/2021		160		173
4.400%, 06/14/2046(F)		820		830
4.300%, 07/22/2027(F)		1,500		1,571
3.450%, 02/13/2023		430		440
3.000%, 01/22/2021		1,010		1,031
1.650%, 01/22/2018		1,670		1,671

				209,335


Health Care – 2.6%
Abbott Laboratories
4.900%, 11/30/2046		435		479
4.750%, 11/30/2036		170		185
3.750%, 11/30/2026		2,740		2,797



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
3.400%, 11/30/2023	$	2,080	$	2,129
AbbVie
4.700%, 05/14/2045		500		531
4.500%, 05/14/2035		510		538
4.450%, 05/14/2046		535		552
3.600%, 05/14/2025		90		92
3.200%, 05/14/2026		360		356
2.900%, 11/06/2022		190		192
2.500%, 05/14/2020		795		804
1.800%, 05/14/2018(F)		750		751
Actavis Funding SCS
4.750%, 03/15/2045		41		44
4.550%, 03/15/2035		60		64
3.800%, 03/15/2025(F)		2,490		2,576
3.450%, 03/15/2022		530		546
Aetna
2.800%, 06/15/2023		1,665		1,662
2.200%, 03/15/2019		310		312
Amgen
5.150%, 11/15/2041		745		831
4.663%, 06/15/2051		614		650
4.400%, 05/01/2045		745		765
3.625%, 05/22/2024		100		104
Anthem
4.650%, 08/15/2044(F)		350		379
3.500%, 08/15/2024		500		514
Baxalta
3.600%, 06/23/2022		920		953
Becton Dickinson
4.685%, 12/15/2044		505		520
3.734%, 12/15/2024		162		165
3.700%, 06/06/2027		455		456
3.363%, 06/06/2024		1,115		1,118
2.894%, 06/06/2022		565		567
2.404%, 06/05/2020		680		681
Biogen
3.625%, 09/15/2022		260		272
Cardinal Health
3.079%, 06/15/2024		220		221
2.616%, 06/15/2022		170		170
Celgene
5.000%, 08/15/2045		2,120		2,387
3.875%, 08/15/2025(F)		220		230
3.550%, 08/15/2022		300		312
Centene
6.125%, 02/15/2024		110		119
4.750%, 05/15/2022		210		219
4.750%, 01/15/2025		130		134
DaVita
5.000%, 05/01/2025		20		20
Eli Lilly
3.950%, 05/15/2047		170		176



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
3.100%, 05/15/2027(F)	$	475	$	480
2.350%, 05/15/2022		190		190
EMD Finance
2.400%, 03/19/2020(C)		1,045		1,052
Fresenius Medical Care US Finance II (C)
5.875%, 01/31/2022		170		188
4.125%, 10/15/2020		100		104
Gilead Sciences
4.750%, 03/01/2046		470		516
3.700%, 04/01/2024		775		805
3.650%, 03/01/2026		310		319
3.500%, 02/01/2025(F)		1,030		1,057
3.250%, 09/01/2022		405		419
GlaxoSmithKline Capital
5.650%, 05/15/2018		810		838
Humana
7.200%, 06/15/2018		1,150		1,208
4.950%, 10/01/2044(F)		50		56
4.800%, 03/15/2047		20		22
4.625%, 12/01/2042		130		139
3.950%, 03/15/2027		50		52
3.850%, 10/01/2024		790		821
3.150%, 12/01/2022		170		173
Johnson & Johnson
4.500%, 12/05/2043		600		694
3.625%, 03/03/2037		260		272
Kaiser Foundation Hospitals
3.150%, 05/01/2027		2,500		2,502
Medtronic
3.625%, 03/15/2024		465		489
3.500%, 03/15/2025		840		874
Medtronic Global Holdings SCA
3.350%, 04/01/2027		330		336
Merck
2.750%, 02/10/2025(F)		230		229
Northwell Healthcare
3.979%, 11/01/2046		1,030		983
Perrigo Finance Unlimited
4.375%, 03/15/2026		365		376
3.900%, 12/15/2024		235		239
Pfizer
4.000%, 12/15/2036		410		433
Providence St. Joseph Health Obligated Group
2.746%, 10/01/2026		1,200		1,149
RWJ Barnabas Health
3.949%, 07/01/2046		1,030		1,014
Shire Acquisitions Investments Ireland
3.200%, 09/23/2026		805		787
2.875%, 09/23/2023		685		679
1.900%, 09/23/2019		2,200		2,190
Tenet Healthcare (F)
8.125%, 04/01/2022		50		53



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
6.750%, 06/15/2023	$	10	$	10
Teva Pharmaceutical Finance Netherlands III BV
2.800%, 07/21/2023		860		837
UnitedHealth Group
5.800%, 03/15/2036		280		354
4.750%, 07/15/2045		600		689
3.875%, 10/15/2020		530		558
2.875%, 12/15/2021		580		593
Valeant Pharmaceuticals International (C)
7.500%, 07/15/2021		1,040		1,008
7.000%, 03/15/2024		200		210
6.500%, 03/15/2022		70		73
5.875%, 05/15/2023		90		77
5.375%, 03/15/2020 (F)		60		58
Wyeth LLC
5.950%, 04/01/2037 (F)		340		440

				53,218


Industrials – 1.4%
ABB Finance USA
4.375%, 05/08/2042		80		87
AerCap Ireland Capital
4.625%, 07/01/2022		210		225
3.750%, 05/15/2019		520		534
Air Lease
3.625%, 04/01/2027		505		505
2.625%, 07/01/2022		800		793
American Airlines Pass-Through Trust, Ser 2013-2
4.950%, 01/15/2023		742		790
BAE Systems
4.750%, 10/11/2021 (C)		1,350		1,457
Burlington Northern Santa Fe
4.150%, 04/01/2045		505		528
Caterpillar Financial Services MTN
2.750%, 08/20/2021		620		628
2.100%, 01/10/2020		265		267
Catholic Health Initiatives
4.350%, 11/01/2042		80		72
Cintas No. 2
3.700%, 04/01/2027		260		268
2.900%, 04/01/2022		230		234
Continental Airlines Pass-Through Trust, Ser 1999-2, Cl C-2
7.256%, 03/15/2020		1,034		1,101
Continental Airlines Pass-Through Trust, Ser 2007-1, Cl A
5.983%, 04/19/2022		1,252		1,377
Delta Air Lines Pass-Through Trust, Ser 2007-1, Cl A
6.821%, 08/10/2022		955		1,096



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Eaton
4.150%, 11/02/2042	$	440	$	450
2.750%, 11/02/2022		450		453
1.500%, 11/02/2017		270		270
FedEx
4.550%, 04/01/2046		510		536
4.400%, 01/15/2047		320		329
GE Capital International Funding
4.418%, 11/15/2035		530		577
2.342%, 11/15/2020		530		534
General Electric
4.500%, 03/11/2044 (F)		220		244
General Electric MTN
6.875%, 01/10/2039		521		755
5.875%, 01/14/2038		182		236
5.300%, 02/11/2021		184		203
1.662%, 08/15/2036 (A)		1,550		1,408
Illinois Tool Works
2.650%, 11/15/2026		275		269
International Lease Finance
8.625%, 01/15/2022 (F)		10		12
Lockheed Martin
4.500%, 05/15/2036		90		98
3.550%, 01/15/2026		530		549
3.350%, 09/15/2021		920		957
3.100%, 01/15/2023		50		51
Northrop Grumman
3.850%, 04/15/2045		200		198
3.250%, 08/01/2023		1,405		1,453
3.200%, 02/01/2027 (F)		690		695
Park Aerospace Holdings (C)
5.500%, 02/15/2024		160		167
5.250%, 08/15/2022 (F)		80		84
Penske Truck Leasing L.P. (C)
3.400%, 11/15/2026		595		585
3.375%, 02/01/2022		370		379
Raytheon
3.125%, 10/15/2020		430		445
Republic Services
3.800%, 05/15/2018		1,254		1,276
Siemens Financieringsmaatschappij (C)
2.900%, 05/27/2022		825		842
2.200%, 03/16/2020		695		700
2.000%, 09/15/2023		1,030		990
Union Pacific
3.000%, 04/15/2027		560		562
United Business Media
5.750%, 11/03/2020 (C)		490		516
United Rentals North America
5.500%, 07/15/2025		310		325
United Technologies
4.500%, 06/01/2042		200		218



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
US Airways Pass-Through Trust, Ser 2012-2, Cl A
4.625%, 06/03/2025	$	738	$	792
Valmont Industries
5.250%, 10/01/2054		295		284
Wabtec
3.450%, 11/15/2026(C)		460		454
Waste Management
7.375%, 05/15/2029		330		435
3.500%, 05/15/2024		280		292
West (C)
5.375%, 07/15/2022		300		303
4.750%, 07/15/2021		90		92

				29,980


Information Technology – 1.6%
Analog Devices
3.500%, 12/05/2026		350		353
3.125%, 12/05/2023		465		470
2.500%, 12/05/2021		435		435
Apple
4.375%, 05/13/2045		595		643
4.250%, 02/09/2047		40		42
3.850%, 05/04/2043		640		640
3.350%, 02/09/2027		565		578
3.200%, 05/11/2027		570		577
3.000%, 02/09/2024		765		777
2.850%, 05/11/2024		855		859
2.700%, 05/13/2022		140		143
2.450%, 08/04/2026		680		650
2.300%, 05/11/2022		1,920		1,916
1.800%, 05/11/2020(F)		1,920		1,919
Cisco Systems
1.850%, 09/20/2021		1,310		1,294
1.400%, 09/20/2019		1,200		1,192
CommScope Technologies
5.000%, 03/15/2027(C)		130		130
Diamond 1 Finance (C)
6.020%, 06/15/2026(F)		610		672
4.420%, 06/15/2021		820		865
3.480%, 06/01/2019(F)		1,160		1,187
Fidelity National Information Services
3.625%, 10/15/2020		475		498
2.850%, 10/15/2018		595		602
2.250%, 08/15/2021		337		333
Harris
5.054%, 04/27/2045		190		213
Hewlett Packard Enterprise
6.350%, 10/15/2045		515		544
4.900%, 10/15/2025		200		210
Intel
4.900%, 07/29/2045		120		139



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
3.700%, 07/29/2025	$	140	$	147
Microsoft
4.500%, 02/06/2057		195		215
4.250%, 02/06/2047		190		206
4.100%, 02/06/2037		870		937
3.950%, 08/08/2056		100		100
3.750%, 02/12/2045		950		944
3.700%, 08/08/2046		425		420
3.500%, 02/12/2035		685		691
3.450%, 08/08/2036		220		220
3.300%, 02/06/2027		1,000		1,030
2.875%, 02/06/2024		1,315		1,336
2.700%, 02/12/2025		160		159
2.400%, 02/06/2022		775		782
2.400%, 08/08/2026		2,260		2,175
2.000%, 08/08/2023		520		507
Nokia
4.375%, 06/12/2027		120		122
3.375%, 06/12/2022		880		887
Oracle
3.900%, 05/15/2035		1,195		1,231
2.400%, 09/15/2023		220		217
1.200%, 10/15/2017		1,050		1,050
QUALCOMM
1.850%, 05/20/2019		560		561
TSMC Global
1.625%, 04/03/2018(C)		875		873

				32,691


Materials – 1.1%
Air Liquide Finance
2.250%, 09/27/2023(C)		325		315
Amcor Finance USA
3.625%, 04/28/2026(C)		1,050		1,050
Anglo American Capital (C)
4.750%, 04/10/2027		210		216
3.750%, 04/10/2022		280		281
ArcelorMittal
8.000%, 10/15/2039		120		135
7.250%, 02/25/2022(F)		120		135
Barrick
5.250%, 04/01/2042(F)		70		80
Barrick Gold
4.100%, 05/01/2023		142		154
Barrick North America Finance
5.750%, 05/01/2043		120		145
5.700%, 05/30/2041		460		545
4.400%, 05/30/2021		303		327
BHP Billiton Finance USA
6.750%, 10/19/2075(A)(C)		620		709
5.000%, 09/30/2043(F)		555		642
2.875%, 02/24/2022		55		56



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Celulosa Arauco y Constitucion
4.750%, 01/11/2022	$	300	$	312
CF Industries (C)
4.500%, 12/01/2026		520		535
3.400%, 12/01/2021		415		419
Dow Chemical
3.000%, 11/15/2022		1,265		1,289
Eastman Chemical
2.700%, 01/15/2020		695		704
Ecolab
4.350%, 12/08/2021		220		239
EI du Pont de Nemours
2.200%, 05/01/2020		280		281
Equate Petrochemical BV MTN
4.250%, 11/03/2026 (C)		410		416
Fibria Overseas Finance
5.500%, 01/17/2027 (F)		385		393
Freeport-McMoRan
6.875%, 02/15/2023 (F)		75		79
6.500%, 11/15/2020		104		107
5.450%, 03/15/2043		170		146
4.000%, 11/14/2021		360		352
Glencore Finance Canada
2.700%, 10/25/2017 (C)		1,080		1,082
Glencore Funding (C)
4.125%, 05/30/2023		60		62
4.000%, 03/27/2027 (F)		990		974
International Paper
5.150%, 05/15/2046		470		524
5.000%, 09/15/2035		360		394
LyondellBasell Industries
5.750%, 04/15/2024		200		229
OCP
4.500%, 10/22/2025 (C)		1,650		1,663
Potash Corp of Saskatchewan
4.875%, 03/30/2020 (F)		280		297
4.000%, 12/15/2026		785		809
Reynolds Group Issuer
6.875%, 02/15/2021		117		120
5.125%, 07/15/2023 (C)(F)		170		176
Sherwin-Williams
4.500%, 06/01/2047		315		330
3.450%, 06/01/2027		690		695
2.750%, 06/01/2022		990		989
Southern Copper
5.250%, 11/08/2042		900		895
Vale Overseas (F)
6.875%, 11/21/2036		1,510		1,619
6.250%, 08/10/2026		325		351
5.875%, 06/10/2021		225		242
Vulcan Materials
4.500%, 06/15/2047		225		227



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Westlake Chemical
4.875%, 05/15/2023	$	140	$	146
4.625%, 02/15/2021		60		62
WestRock RKT
4.000%, 03/01/2023		70		73
3.500%, 03/01/2020		320		329

				22,350


Real Estate – 0.7%
Alexandria Real Estate Equities
2.750%, 01/15/2020		2,000		2,014
Boston Properties
3.800%, 02/01/2024		1,250		1,297
DDR
4.625%, 07/15/2022		580		607
3.375%, 05/15/2023		530		514
First Industrial MTN
7.500%, 12/01/2017		970		992
GLP Capital
5.375%, 04/15/2026		80		87
HCP
4.200%, 03/01/2024		765		795
3.150%, 08/01/2022		1,000		1,007
Highwoods Properties
7.500%, 04/15/2018		1,142		1,189
Mid-America Apartments
4.300%, 10/15/2023		215		228
4.000%, 11/15/2025		240		248
3.750%, 06/15/2024		510		523
3.600%, 06/01/2027		320		319
Regency Centers
3.600%, 02/01/2027		209		207
SL Green Realty
7.750%, 03/15/2020		1,000		1,120
Tanger Properties
3.875%, 12/01/2023		275		280
3.750%, 12/01/2024		260		261
Ventas Realty L.P.
2.700%, 04/01/2020		1,450		1,463
2.000%, 02/15/2018		1,000		1,001
Welltower
4.950%, 01/15/2021		820		881
4.000%, 06/01/2025		625		646

				15,679


Telecommunication Services – 1.4%
America Movil
5.625%, 11/15/2017		440		446
5.000%, 03/30/2020		750		806
AT&T
6.000%, 08/15/2040		845		954
5.450%, 03/01/2047		490		528



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
5.250%, 03/01/2037	$	1,940	$	2,067
4.750%, 05/15/2046		1,530		1,500
4.500%, 03/09/2048		1,998		1,869
4.450%, 04/01/2024		560		590
4.350%, 06/15/2045		240		223
4.250%, 03/01/2027(F)		170		176
3.950%, 01/15/2025		730		744
3.600%, 02/17/2023		400		409
3.400%, 05/15/2025		3,482		3,423
Bharti Airtel
4.375%, 06/10/2025(C)		940		940
Sprint
7.875%, 09/15/2023(F)		340		391
7.625%, 02/15/2025(F)		310		357
7.250%, 09/15/2021		40		44
Sprint Capital
8.750%, 03/15/2032		300		378
Telefonica Emisiones SAU
6.221%, 07/03/2017		100		100
5.877%, 07/15/2019		90		97
5.213%, 03/08/2047		450		486
5.134%, 04/27/2020		300		323
Verizon Communications
5.500%, 03/16/2047(F)		300		328
5.250%, 03/16/2037		1,200		1,290
5.150%, 09/15/2023		1,450		1,611
4.862%, 08/21/2046		475		475
4.522%, 09/15/2048		285		270
4.400%, 11/01/2034		2,495		2,472
4.272%, 01/15/2036		1,335		1,288
4.125%, 03/16/2027		1,830		1,890
4.125%, 08/15/2046		975		868
3.850%, 11/01/2042		130		113
2.946%, 03/15/2022(C)		395		398
2.625%, 08/15/2026		910		837
Vodafone Group PLC
2.950%, 02/19/2023		430		432

				29,123


Utilities – 2.4%
AEP Texas Central Transition Funding II
5.170%, 01/01/2018		84		85
AEP Transmission
3.100%, 12/01/2026		1,700		1,695
AES
4.875%, 05/15/2023(F)		470		479
Alabama Power
2.450%, 03/30/2022		495		497
American Electric Power
1.650%, 12/15/2017		655		655
Appalachian Power
3.300%, 06/01/2027		320		324



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Berkshire Hathaway Energy
6.500%, 09/15/2037	$	1,160	$	1,558
Consolidated Edison of New York
4.450%, 03/15/2044		810		887
Dominion Energy
1.754%, 06/01/2019 (A)(C)		1,000		1,004
Dominion Resources
2.000%, 08/15/2021		295		289
1.600%, 08/15/2019		395		392
DTE Energy
1.500%, 10/01/2019		490		483
Duke Energy
1.800%, 09/01/2021		450		439
Duke Energy Carolinas
4.250%, 12/15/2041		600		641
4.000%, 09/30/2042		1,000		1,032
3.875%, 03/15/2046		210		214
2.500%, 03/15/2023		410		411
Duke Energy Florida
3.850%, 11/15/2042		165		165
3.400%, 10/01/2046		200		186
3.200%, 01/15/2027		635		643
Duquesne Light Holdings
6.400%, 09/15/2020 (C)		1,450		1,616
Electricite de France
6.000%, 01/22/2114 (C)		260		286
Emera US Finance
2.150%, 06/15/2019		2,049		2,047
Enel Finance International (C)
3.625%, 05/25/2027		750		743
2.875%, 05/25/2022		990		991
Exelon
5.625%, 06/15/2035		760		891
FirstEnergy
3.900%, 07/15/2027		540		541
2.850%, 07/15/2022 (F)		168		168
2.750%, 03/15/2018		280		282
FirstEnergy, Ser C
7.375%, 11/15/2031		2,965		3,901
Florida Gas Transmission LLC
3.875%, 07/15/2022 (C)		1,000		1,040
Georgia Power
4.300%, 03/15/2042		100		102
Great Plains Energy
4.850%, 04/01/2047		200		206
3.900%, 04/01/2027		550		556
3.150%, 04/01/2022		445		450
Indiana Michigan Power
4.550%, 03/15/2046		210		230
IPALCO Enterprises
5.000%, 05/01/2018		1,200		1,219



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
KCP&L Greater Missouri Operations
8.270%, 11/15/2021	$	2,700	$	3,165
KeySpan Gas East (C)
5.819%, 04/01/2041		1,250		1,567
2.742%, 08/15/2026		675		652
Majapahit Holding BV
7.750%, 01/20/2020		420		470
Metropolitan Edison
3.500%, 03/15/2023 (C)		2,425		2,464
MidAmerican Energy
4.800%, 09/15/2043		510		583
4.250%, 05/01/2046		785		841
NextEra Energy Capital Holdings
2.056%, 09/01/2017		2,000		2,001
NiSource Finance
6.800%, 01/15/2019		347		371
Oklahoma Gas & Electric
4.150%, 04/01/2047		410		428
Oncor Electric Delivery LLC
6.800%, 09/01/2018		1,075		1,135
4.550%, 12/01/2041		690		753
Pacific Gas & Electric
8.250%, 10/15/2018		280		302
6.050%, 03/01/2034		340		439
5.800%, 03/01/2037		710		906
4.450%, 04/15/2042		200		218
PECO Energy
4.150%, 10/01/2044		625		652
3.150%, 10/15/2025		520		527
PPL Electric Utilities
4.150%, 10/01/2045		350		372
Public Service of New Hampshire
3.500%, 11/01/2023		310		324
Public Service of New Mexico
7.950%, 05/15/2018		1,265		1,331
Sierra Pacific Power
2.600%, 05/01/2026		455		439
Southern
4.400%, 07/01/2046		275		280
2.150%, 09/01/2019		615		615
Southern Gas Capital
2.450%, 10/01/2023		300		291
Southwestern Electric Power
3.900%, 04/01/2045		140		137
State Grid Overseas Investment 2016 MTN (C)
3.500%, 05/04/2027		420		419
2.750%, 05/04/2022 (F)		610		607
Virginia Electric & Power
4.650%, 08/15/2043		405		457
2.950%, 11/15/2026		290		287



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Westar Energy
3.100%, 04/01/2027	$	495	$	494

				50,875

Total Corporate Obligations (Cost $574,169) ($ Thousands)				594,546


ASSET-BACKED SECURITIES – 9.9%

Automotive – 1.7%
Ally Auto Receivables Trust, Ser 2015-1, Cl A3
1.390%, 09/16/2019		416		416
Ally Auto Receivables Trust, Ser 2015-2, Cl A4
1.840%, 06/15/2020		6		6
Ally Auto Receivables Trust, Ser 2016-1, Cl A2A
1.200%, 08/15/2018		27		27
Ally Auto Receivables Trust, Ser 2016-3, Cl A2
1.190%, 12/17/2018		150		150
Ally Auto Receivables Trust, Ser 2017-1, Cl A4
1.990%, 11/15/2021		221		222
Ally Auto Receivables Trust, Ser 2017-2, Cl A4
2.100%, 03/15/2022		411		412
Ally Auto Receivables Trust, Ser 2017-3, Cl A4
2.010%, 03/15/2022		214		214
Ally Master Owner Trust, Ser 2012-5, Cl A
1.540%, 09/15/2019		975		975
Ally Master Owner Trust, Ser 2017-1, Cl A
1.559%, 02/15/2021 (A)		328		329
Ally Master Owner Trust, Ser 2017-2, Cl A
1.554%, 06/15/2021 (A)		480		480
Ally Master Owner Trust, Ser 2017-3, Cl A1
1.644%, 06/15/2022 (A)		507		508
Ally Master Owner Trust, Ser 2017-3, Cl A2
2.040%, 06/15/2022		768		765
Americredit Automobile Receivables Trust, Ser 2016-4, Cl A3
1.530%, 07/08/2021		713		710
Avis Budget Rental Car Funding AESOP, Ser 2014-2A, Cl A
2.500%, 02/20/2021 (C)		1,579		1,575
Avis Budget Rental Car Funding AESOP, Ser 2017-1A, Cl A
3.070%, 09/20/2023 (C)		728		728
Bank of The West Auto Trust, Ser 2014-1, Cl A3
1.090%, 03/15/2019 (C)		60		60
California Republic Auto Receivables Trust, Ser 2015-1, Cl A4
1.820%, 09/15/2020		513		514
California Republic Auto Receivables Trust, Ser 2015-4, Cl A4
2.580%, 06/15/2021 (C)		603		606



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
California Republic Auto Receivables Trust, Ser 2016-1, Cl A3
1.890%, 05/15/2020	$	685	$	686
California Republic Auto Receivables Trust, Ser 2016-1, Cl A4
2.240%, 10/15/2021		381		383
California Republic Auto Receivables Trust, Ser 2016-2, Cl A4
1.830%, 12/15/2021		634		633
California Republic Auto Receivables Trust, Ser 2017-1, Cl A2
1.550%, 11/15/2019		491		490
California Republic Auto Receivables Trust, Ser 2017-1, Cl A3
1.900%, 03/15/2021		491		490
California Republic Auto Receivables Trust, Ser 2017-1, Cl A4
2.280%, 06/15/2022		225		225
Capital Auto Receivables Asset Trust, Ser 2015- 2, Cl A2
1.390%, 09/20/2018		68		68
Capital Auto Receivables Asset Trust, Ser 2015- 2, Cl A3
1.730%, 09/20/2019		628		629
Capital Auto Receivables Asset Trust, Ser 2015- 2, Cl A4
1.970%, 01/21/2020		453		454
Capital Auto Receivables Asset Trust, Ser 2015- 3, Cl A3
1.940%, 01/21/2020		691		693
Capital Auto Receivables Asset Trust, Ser 2015- 4, Cl A2
1.620%, 03/20/2019		401		401
Capital Auto Receivables Asset Trust, Ser 2015- 4, Cl A4
2.010%, 07/20/2020		349		350
Capital Auto Receivables Asset Trust, Ser 2016- 1, Cl A2A
1.500%, 11/20/2018		160		160
Capital Auto Receivables Asset Trust, Ser 2016- 1, Cl A4
1.980%, 10/20/2020		325		326
Capital Auto Receivables Asset Trust, Ser 2016- 2, Cl A2A
1.320%, 01/22/2019		101		101
Capital Auto Receivables Asset Trust, Ser 2016- 2, Cl A3
1.460%, 06/22/2020		533		532
Capital Auto Receivables Asset Trust, Ser 2016- 3, Cl A2A
1.360%, 04/22/2019		214		214



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Capital Auto Receivables Asset Trust, Ser 2016- 3, Cl A3
1.540%, 08/20/2020	$	319	$	319
Capital Auto Receivables Asset Trust, Ser 2016- 3, Cl A4
1.690%, 03/20/2021		268		267
Enterprise Fleet Financing, Ser 2017-2, Cl A3
2.200%, 01/20/2023 (C)		608		608
Flagship Credit Auto Trust, Ser 2016-3, Cl A2
2.050%, 11/15/2020 (C)		365		365
Ford Credit Auto Owner Trust, Ser 2014-1, Cl A
2.260%, 11/15/2025 (C)		1,055		1,065
Ford Credit Auto Owner Trust, Ser 2015-1, Cl A
2.120%, 07/15/2026 (C)		965		969
Ford Credit Auto Owner Trust, Ser 2015-A, Cl A4
1.640%, 06/15/2020		337		337
Ford Credit Auto Owner Trust, Ser 2017-A, Cl A3
1.670%, 01/15/2020		538		538
Ford Credit Floorplan Master Owner Trust, Ser 2014-4, Cl A1
1.400%, 08/15/2019		1,735		1,735
Ford Credit Floorplan Master Owner Trust, Ser 2017-1, Cl A1
2.070%, 05/15/2022		965		964
Hertz Vehicle Financing II, Ser 2015-1A, Cl A
2.730%, 03/25/2021 (C)		937		931
Hertz Vehicle Financing II, Ser 2015-1A, Cl C
4.350%, 03/25/2021 (C)		650		643
Hertz Vehicle Financing II, Ser 2015-3A, Cl A
2.670%, 09/25/2021 (C)		1,030		1,024
Hertz Vehicle Financing, Ser 2016-2A, Cl A
2.950%, 03/25/2022 (C)		220		217
Hertz Vehicle Financing, Ser 2016-3A, Cl A
2.270%, 07/25/2020 (C)		716		710
Hertz Vehicle Financing, Ser 2016-3A, Cl B
3.110%, 07/25/2020 (C)		233		231
Hertz Vehicle Financing, Ser 2016-4A, Cl A
2.650%, 07/25/2022 (C)		639		626
Honda Auto Receivables Owner Trust, Ser 2015-1, Cl A4
1.320%, 11/16/2020		372		372
Honda Auto Receivables Owner Trust, Ser 2015-4, Cl A2
0.820%, 07/23/2018		259		259
Honda Auto Receivables Owner Trust, Ser 2016-1, Cl A2
1.010%, 06/18/2018		20		20
Honda Auto Receivables Owner Trust, Ser 2016-2, Cl A2
1.130%, 09/17/2018		440		439



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Hyundai Auto Receivables Trust, Ser 2017-A, Cl A4
2.090%, 04/17/2023	$	287	$	288
Mercedes-Benz Auto Lease Trust, Ser 2017-A, Cl A3
1.790%, 04/15/2020		1,680		1,682
Nissan Auto Receivables Owner Trust, Ser 2015-C, Cl A2A
0.870%, 11/15/2018		347		346
Nissan Auto Receivables Owner Trust, Ser 2016-C, Cl A2A
1.070%, 05/15/2019		235		235
Santander Drive Auto Receivables Trust, Ser 2016-2, Cl A2A
1.380%, 07/15/2019		208		208
TCF Auto Receivables Owner Trust, Ser 2016- 1A, Cl A2
1.390%, 11/15/2019 (C)		421		420
TCF Auto Receivables Owner Trust, Ser 2016- 1A, Cl A3
1.710%, 04/15/2021 (C)		248		247
TCF Auto Receivables Owner Trust, Ser 2016- 1A, Cl A4
2.030%, 02/15/2022 (C)		184		183
TCF Auto Receivables Owner Trust, Ser 2016- PT1A, Cl A
1.930%, 06/15/2022 (C)		934		933
World Omni Auto Receivables Trust, Ser 2016- B, Cl A3
1.300%, 02/15/2022		610		605
World Omni Auto Receivables Trust, Ser 2017- A, Cl A3
1.930%, 09/15/2022		724		725
World Omni Auto Receivables Trust, Ser 2017- A, Cl A4
2.240%, 06/15/2023		285		285

				34,328


Credit Cards – 0.7%
American Express Credit Account Master Trust, Ser 2017-1, Cl A
1.930%, 09/15/2022		1,099		1,103
American Express Credit Account Master Trust, Ser 2017-4, Cl A
1.640%, 12/15/2021		645		645
Capital One Multi-Asset Execution Trust, Ser 2007-A7, Cl A7
5.750%, 07/15/2020		480		484
Capital One Multi-Asset Execution Trust, Ser 2014-A5, Cl A5
1.480%, 07/15/2020		3,960		3,961



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Capital One Multi-Asset Execution Trust, Ser 2015-A1, Cl A1
1.390%, 01/15/2021	$	65	$	65
Capital One Multi-Asset Execution Trust, Ser 2017-A1, Cl A1
2.000%, 01/17/2023		354		355
Chase Issuance Trust, Ser 2014-A6, Cl A6
1.260%, 07/15/2019		335		335
Chase Issuance Trust, Ser 2014-A7, Cl A7
1.380%, 11/15/2019		675		675
Chase Issuance Trust, Ser 2016-A6, Cl A6
1.100%, 01/15/2020		100		100
Citibank Credit Card Issuance Trust, Ser 2007- A8, Cl A8
5.650%, 09/20/2019		475		479
Discover Card Execution Note Trust, Ser 2017- A5, Cl A5
1.816%, 12/15/2026 (A)		976		979
Synchrony Credit Card Master Note Trust, Ser 2014-1, Cl A
1.610%, 11/15/2020		389		389
Synchrony Credit Card Master Note Trust, Ser 2015-1, Cl A
2.370%, 03/15/2023		304		307
Synchrony Credit Card Master Note Trust, Ser 2015-4, Cl A
2.380%, 09/15/2023		523		527
Synchrony Credit Card Master Note Trust, Ser 2016-2, Cl A
2.210%, 05/15/2024		456		457
Synchrony Credit Card Master Note Trust, Ser 2016-3, Cl A
1.580%, 09/15/2022		183		182
Synchrony Credit Card Master Note Trust, Ser 2017-1, Cl A
0.320%, 06/15/2023		781		779
World Financial Network Credit Card Master Trust, Ser 2012-B, Cl A
1.760%, 05/17/2021		474		474
World Financial Network Credit Card Master Trust, Ser 2014-C, Cl A
1.540%, 08/16/2021		110		110
World Financial Network Credit Card Master Trust, Ser 2016-A, Cl A
2.030%, 04/15/2025		966		955
World Financial Network Credit Card Master Trust, Ser 2016-B, Cl A
1.440%, 06/15/2022		746		744
World Financial Network Credit Card Master Trust, Ser 2016-C, Cl A
1.720%, 08/15/2023		502		499



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
World Financial Network Credit Card Master Trust, Ser 2017-A, Cl A
2.120%, 03/15/2024	$	733	$	732

				15,336


Mortgage Related Securities – 0.7%
AFC Home Equity Loan Trust, Ser 1998-1, Cl 1A2
1.661%, 04/25/2028 (A)		5		5
Bear Stearns Asset-Backed Securities Trust, Ser 2005-SD1, Cl 1A3
1.424%, 08/25/2043 (A)		171		171
Centex Home Equity, Ser 2006-A, Cl AV4
1.274%, 06/25/2036 (A)		3,678		3,635
Citigroup Mortgage Loan Trust, Ser 2006-HE2, Cl A2D
1.264%, 08/25/2036 (A)		4,200		4,001
Contimortgage Home Equity Trust, Ser 1997-2, Cl A9
7.090%, 04/15/2028		–		–
EMC Mortgage Loan Trust, Ser 2002-AA, Cl A1
2.156%, 05/25/2039 (A)(C)		251		240
Master Asset-Backed Securities Trust, Ser 2007-HE1, Cl A4
1.304%, 05/25/2037 (A)		5,500		3,444
New Century Home Equity Loan Trust, Ser 2005-2, Cl M1
1.669%, 06/25/2035 (A)		14		14
New Century Home Equity Loan Trust, Ser 2005-3, Cl M2
1.514%, 07/25/2035 (A)		2,510		2,505

				14,015


Other Asset-Backed Securities – 6.8%
Academic Loan Funding Trust, Ser 2012-1A, Cl A2
2.124%, 12/27/2044 (A)(C)		2,100		2,094
Bravo Mortgage Asset Trust, Ser 2006-1A, Cl A2
1.264%, 07/25/2036 (A)(C)		1,193		1,162
Brazos Higher Education Authority, Ser 2010-1, Cl A2
2.389%, 02/25/2035 (A)		2,200		2,239
Brazos Higher Education Authority, Ser 2011-2, Cl A3
2.156%, 10/27/2036 (A)		1,750		1,755
CIT Education Loan Trust, Ser 2007-1, Cl A
1.243%, 03/25/2042 (A)(C)		1,168		1,097
Citicorp Residential Mortgage Trust, Ser 2007- 1, Cl A5
5.610%, 03/25/2037		1,970		2,008
Community Funding CLO, Ser 2015-1A, Cl A
5.750%, 11/01/2027 (C)		1,510		1,507



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Countrywide Asset-Backed Certificates, Ser 2007-13, Cl 2A2
1.824%, 10/25/2047 (A)	$	2,425	$	2,311
CWABS Revolving Home Equity Loan Trust, Ser 2004-K, Cl 2A
1.289%, 02/15/2034 (A)		199		185
Eaton Vance CLO, Ser 2014-1A, Cl AR
2.232%, 07/15/2026 (A)(C)		900		900
Educational Funding of the South, Ser 2011-1, Cl A2
1.806%, 04/25/2035 (A)		1,224		1,218
First Franklin Mortgage Loan Trust, Ser 2005- FF8, Cl M1
1.514%, 09/25/2035 (A)		1,728		1,727
Flatiron CLO, Ser 2014-1A, Cl A1R
2.018%, 07/17/2026 (A)(C)		1,600		1,603
Global SC Finance II SRL, Ser 2014-1A, Cl A2
3.090%, 07/17/2029 (C)		900		877
Greenpoint Manufactured Housing, Ser 1999- 2, Cl A2
4.489%, 03/18/2029 (A)		400		371
Greenpoint Manufactured Housing, Ser 1999- 3, Cl 1A7
7.270%, 06/15/2029		773		793
Greenpoint Manufactured Housing, Ser 1999- 3, Cl 2A2
4.890%, 06/19/2029 (A)		225		212
Greenpoint Manufactured Housing, Ser 2001- 2, Cl IA2
4.358%, 02/20/2032 (A)		50		47
Greenpoint Manufactured Housing, Ser 2001- 2, Cl IIA2
4.391%, 03/13/2032 (A)		250		237
GSAMP Trust, Ser 2003-SEA, Cl A1
1.424%, 02/25/2033 (A)		1,150		1,088
GSAMP Trust, Ser 2006-HE3, Cl A2D
1.274%, 05/25/2046 (A)		3,300		2,619
Higher Education Funding I, Ser 2014-1, Cl A
2.102%, 05/25/2034 (A)(C)		1,500		1,494
HSI Asset Securitization Trust, Ser 2006-OPT3, Cl 3A3
1.204%, 02/25/2036 (A)		361		355
JGWPT XXX LLC, Ser 2013-3A, Cl A
4.080%, 01/17/2073 (C)		845		852
JGWPT XXXII, Ser 2014-2A, Cl A
3.610%, 01/17/2073 (C)		1,142		1,085
Lehman Manufactured Housing Contract Trust, Ser 2001-B, Cl A4
5.270%, 09/15/2018		309		315
Magnetite XI, Ser 2017-11A, Cl A1R
2.278%, 01/18/2027 (A)(C)		1,730		1,731



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Mid-State Trust, Ser 2003-11, Cl A1
4.864%, 07/15/2038	$	2,066	$	2,143
Morgan Stanley Re-REMIC Trust, Ser 2015-R7, Cl 1BXA
10.144%, 02/26/2036 (A)(C)		930		1,021
National Collegiate Student Loan Trust, Ser 2007-4, Cl A3L
1.874%, 03/25/2038 (A)		3,993		2,475
Navient Private Education Loan Trust, Ser 2014-AA, Cl A2A
2.740%, 02/15/2029 (C)		156		157
Navient Private Education Loan Trust, Ser 2014-AA, Cl A3
2.759%, 10/15/2031 (A)(C)		646		658
Navient Private Education Loan Trust, Ser 2014-CTA, Cl A
1.689%, 09/16/2024 (A)(C)		418		418
Navient Private Education Loan Trust, Ser 2015-AA, Cl A2B
2.189%, 12/15/2028 (A)(C)		213		216
Navient Private Education Loan Trust, Ser 2015-CA, Cl B
3.250%, 05/15/2040 (C)		408		413
Navient Private Education Loan Trust, Ser 2016-AA, Cl A2A
3.910%, 12/15/2045 (C)		1,347		1,398
Navient Private Education Loan Trust, Ser 2016-AA, Cl A2B
3.139%, 12/15/2045 (A)(C)		396		411
Navient Student Loan Trust, Ser 2014-1, Cl A3
1.726%, 06/25/2031 (A)		3,748		3,722
Navient Student Loan Trust, Ser 2014-2, Cl A
1.856%, 03/25/2083 (A)		2,494		2,457
Navient Student Loan Trust, Ser 2014-3, Cl A
1.644%, 03/25/2083 (A)		2,522		2,487
Navient Student Loan Trust, Ser 2014-4, Cl A
1.836%, 03/25/2083 (A)		1,868		1,841
Navient Student Loan Trust, Ser 2016-1A, Cl A
1.916%, 02/25/2070 (A)(C)		2,005		1,981
Navient Student Loan Trust, Ser 2016-5A, Cl A
2.466%, 06/25/2065 (A)(C)		320		325
Navient Student Loan Trust, Ser 2016-7A, Cl A
2.366%, 03/25/2066 (A)(C)		688		695
Navient Student Loan Trust, Ser 2017-1A, Cl A3
2.366%, 07/26/2066 (A)(C)		2,283		2,283
Navient Student Loan Trust, Ser 2017-2A, Cl A
2.074%, 12/27/2066 (A)(C)		1,551		1,561
Navient Student Loan Trust, Ser 2017-3A, Cl A2
1.661%, 07/26/2066 (A)(C)		250		251
Navient Student Loan Trust, Ser 2017-3A, Cl A3
2.111%, 07/26/2066		2,817		2,847



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Nelnet Student Loan Trust, Ser 2004-3, Cl A5
1.336%, 10/27/2036 (A)	$	664	$	650
Nelnet Student Loan Trust, Ser 2004-4, Cl A5
1.316%, 01/25/2037 (A)		562		555
Nelnet Student Loan Trust, Ser 2005-1, Cl A5
1.266%, 10/25/2033 (A)		657		644
Nelnet Student Loan Trust, Ser 2005-2, Cl A5
1.256%, 03/23/2037 (A)		650		635
Nelnet Student Loan Trust, Ser 2005-3, Cl A5
1.276%, 12/24/2035 (A)		665		652
Nelnet Student Loan Trust, Ser 2005-4, Cl A4
1.336%, 03/22/2032 (A)		393		378
Nelnet Student Loan Trust, Ser 2006-2, Cl A6
1.158%, 04/25/2031 (A)		1,337		1,339
Nelnet Student Loan Trust, Ser 2010-4A, Cl A
1.824%, 04/25/2046 (A)(C)		187		189
Nelnet Student Loan Trust, Ser 2012-5A, Cl A
1.816%, 10/27/2036 (A)(C)		1,508		1,497
Nelnet Student Loan Trust, Ser 2014-4A, Cl A1
1.762%, 11/27/2039 (A)(C)		559		561
Nelnet Student Loan Trust, Ser 2014-4A, Cl A2
1.974%, 11/25/2048 (A)(C)		1,655		1,619
Nelnet Student Loan Trust, Ser 2015-2A, Cl A2
1.816%, 09/25/2047 (A)(C)		2,371		2,351
Nelnet Student Loan Trust, Ser 2016-1A, Cl A
2.016%, 09/25/2065 (A)(C)		946		956
North Carolina State Education Assistance Authority, Ser 2011-2, Cl A2
1.838%, 07/25/2025 (A)		618		620
Origen Manufactured Housing, Ser 2006-A, Cl A2
3.138%, 10/15/2037 (A)		2,223		1,948
RAMP Trust, Ser 2003-RS11, Cl MII1
2.119%, 12/25/2033 (A)		148		142
RAMP Trust, Ser 2006-RZ3, Cl M1
1.374%, 08/25/2036 (A)		6,530		6,102
Scholar Funding Trust, Ser 2011-A, Cl A
1.939%, 10/28/2043 (A)(C)		706		699
SLC Student Loan Trust, Ser 2007-1, Cl A4
1.242%, 05/15/2029 (A)		1,362		1,340
SLM Student Loan Trust, Ser 2003-1, Cl A5C
1.881%, 12/15/2032 (A)(C)		475		464
SLM Student Loan Trust, Ser 2003-12, Cl A5
1.526%, 09/15/2022 (A)(C)		129		129
SLM Student Loan Trust, Ser 2004-10, Cl A7A
1.788%, 10/25/2029 (A)(C)		1,078		1,070
SLM Student Loan Trust, Ser 2004-8, Cl B
1.498%, 01/25/2040 (A)		120		111
SLM Student Loan Trust, Ser 2004-8A, Cl A5
1.538%, 04/25/2024 (A)(C)		633		635
SLM Student Loan Trust, Ser 2005-6, Cl A5B
2.238%, 07/27/2026 (A)		110		111



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
SLM Student Loan Trust, Ser 2005-8, Cl A4
1.706%, 01/25/2028 (A)	$	993	$	998
SLM Student Loan Trust, Ser 2005-A, Cl A4
1.556%, 12/15/2038 (A)		1,560		1,453
SLM Student Loan Trust, Ser 2006-2, Cl A6
1.208%, 01/25/2041 (A)		1,900		1,822
SLM Student Loan Trust, Ser 2006-3, Cl A5
1.138%, 01/25/2021 (A)		989		977
SLM Student Loan Trust, Ser 2006-8, Cl A6
1.198%, 01/25/2041 (A)		1,900		1,770
SLM Student Loan Trust, Ser 2007-2, Cl A4
1.098%, 07/25/2022 (A)		3,211		3,109
SLM Student Loan Trust, Ser 2007-2, Cl B
1.208%, 07/25/2025 (A)		391		337
SLM Student Loan Trust, Ser 2007-6, Cl B
1.888%, 04/27/2043 (A)		385		366
SLM Student Loan Trust, Ser 2008-2, Cl B
2.238%, 01/25/2083 (A)		525		467
SLM Student Loan Trust, Ser 2008-3, Cl B
2.238%, 04/26/2083 (A)		525		488
SLM Student Loan Trust, Ser 2008-4, Cl B
2.888%, 04/25/2029 (A)		525		509
SLM Student Loan Trust, Ser 2008-5, Cl A4
2.856%, 07/25/2023 (A)		1,260		1,294
SLM Student Loan Trust, Ser 2008-5, Cl B
2.888%, 07/25/2073 (A)		525		512
SLM Student Loan Trust, Ser 2008-6, Cl B
2.888%, 07/26/2083 (A)		525		515
SLM Student Loan Trust, Ser 2008-7, Cl B
2.888%, 07/26/2083 (A)		525		520
SLM Student Loan Trust, Ser 2008-8, Cl B
3.288%, 10/25/2075 (A)		525		513
SLM Student Loan Trust, Ser 2008-9, Cl B
3.288%, 10/25/2083 (A)		525		531
SLM Student Loan Trust, Ser 2010-1, Cl A
1.616%, 03/25/2025 (A)		425		419
SLM Student Loan Trust, Ser 2012-1, Cl A3
2.166%, 09/25/2028 (A)		2,085		2,105
SLM Student Loan Trust, Ser 2012-2, Cl A
1.916%, 01/25/2029 (A)		687		688
SLM Student Loan Trust, Ser 2012-3, Cl A
1.866%, 12/26/2025 (A)		249		250
SLM Student Loan Trust, Ser 2012-6, Cl A3
1.966%, 05/26/2026 (A)		371		369
SLM Student Loan Trust, Ser 2012-6, Cl B
2.216%, 04/27/2043 (A)		289		264
SLM Student Loan Trust, Ser 2012-D, Cl A2
2.950%, 02/15/2046 (C)		162		163
SLM Student Loan Trust, Ser 2013-1, Cl B
3.016%, 11/25/2043 (A)		245		244
SLM Student Loan Trust, Ser 2013-6, Cl A3
1.866%, 06/25/2055 (A)		1,155		1,161



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
SLM Student Loan Trust, Ser 2013-A, Cl A2A
1.770%, 05/17/2027 (C)	$	244	$	243
SLM Student Loan Trust, Ser 2013-B, Cl A2A
1.850%, 06/17/2030 (C)		365		366
SLM Student Loan Trust, Ser 2013-B, Cl A2B
2.259%, 06/17/2030 (A)(C)		130		131
SLM Student Loan Trust, Ser 2013-M1, Cl M1
3.500%, 10/28/2029 (C)		697		680
SLM Student Loan Trust, Ser 2014-2, Cl A3
1.806%, 03/25/2055 (A)		1,818		1,821
SLM Student Loan Trust, Ser 2014-A, Cl A2A
2.590%, 01/15/2026 (C)		421		424
SMB Private Education Loan Trust, Ser 2015-A, Cl A2A
2.490%, 06/15/2027 (C)		1,003		1,007
SMB Private Education Loan Trust, Ser 2015-A, Cl A2B
1.989%, 06/15/2027 (A)(C)		776		771
SMB Private Education Loan Trust, Ser 2015-B, Cl A2A
2.980%, 07/15/2027 (C)		336		342
SMB Private Education Loan Trust, Ser 2015-B, Cl A2B
2.189%, 07/15/2027 (A)(C)		1,047		1,056
SMB Private Education Loan Trust, Ser 2015-C, Cl A2A
2.750%, 07/15/2027 (C)		564		571
SMB Private Education Loan Trust, Ser 2015-C, Cl A2B
2.389%, 07/15/2027 (A)(C)		381		388
SMB Private Education Loan Trust, Ser 2016-A, Cl A2A
2.700%, 05/15/2031 (C)		1,339		1,343
SMB Private Education Loan Trust, Ser 2016-A, Cl A2B
2.659%, 05/15/2031 (A)(C)		1,023		1,052
SMB Private Education Loan Trust, Ser 2016-B, Cl A2A
2.430%, 02/17/2032 (C)		1,221		1,212
SMB Private Education Loan Trust, Ser 2016-B, Cl A2B
2.609%, 02/17/2032 (A)(C)		1,002		1,031
SMB Private Education Loan Trust, Ser 2016-C, Cl A2A
2.340%, 09/15/2034 (C)		1,723		1,697
SMB Private Education Loan Trust, Ser 2016-C, Cl A2B
2.089%, 09/15/2034 (A)(C)		1,131		1,150
SMB Private Education Loan Trust, Ser 2017-A, Cl A2A
2.880%, 09/15/2034 (C)		1,018		1,025



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
SMB Private Education Loan Trust, Ser 2017-A, Cl A2B
1.889%, 09/15/2034 (A)(C)	$	3,534	$	3,543
SoFi Professional Loan Program, Ser 2016-A, Cl A2
2.760%, 12/26/2036 (C)		757		765
SoFi Professional Loan Program, Ser 2016-D, Cl A1
1.974%, 01/25/2039 (A)(C)		179		181
SoFi Professional Loan Program, Ser 2016-D, Cl A2A
1.530%, 04/25/2033 (C)		314		313
SoFi Professional Loan Program, Ser 2016-E, Cl A1
1.874%, 07/25/2039 (A)(C)		840		842
SoFi Professional Loan Program, Ser 2016-E, Cl A2A
1.630%, 01/25/2036 (C)		316		316
SoFi Professional Loan Program, Ser 2017-A, Cl A1
1.724%, 03/26/2040 (A)(C)		407		409
SoFi Professional Loan Program, Ser 2017-A, Cl A2A
1.550%, 03/26/2040 (C)		834		832
SoFi Professional Loan Program, Ser 2017-A, Cl A2B
2.400%, 03/26/2040 (C)		360		357
SoFi Professional Loan Program, Ser 2017-B, Cl A2FX
2.740%, 05/25/2040 (C)		670		674
SoFi Professional Loan Program, Ser 2017-C, Cl A2B
2.630%, 07/25/2040 (C)		585		583
United States Small Business Administration, Ser 2015-20D, Cl 1
2.510%, 04/01/2035		156		154
Upstart Securitization Trust, Ser 2017-1, Cl A
2.639%, 06/20/2024 (C)		1,450		1,450
Verizon Owner Trust, Ser 2016-1A, Cl A
1.420%, 01/20/2021 (C)		325		323
Verizon Owner Trust, Ser 2017-2A, Cl A
1.920%, 12/20/2021 (C)		2,856		2,856
Voya CLO, Ser 2014-1A, Cl A1R
2.354%, 04/18/2026 (A)(C)		680		680
Wells Fargo Home Equity Asset-Backed Securities Trust, Ser 2006-2, Cl A4
1.274%, 07/25/2036 (A)		2,583		2,561

				142,032


Total Asset-Backed Securities (Cost $202,666) ($ Thousands)				205,711



Description	Face Amount (Thousands)		Market Value ($ Thousands)

SOVEREIGN DEBT – 3.1%
Argentine Bonos del Tesoro
18.200%, 10/03/2021		ARS 19,870	$	1,267
Argentine Republic Government International Bond
7.625%, 04/22/2046		$ 180		184
7.500%, 04/22/2026		280		302
7.125%, 07/06/2036		220		218
6.875%, 04/22/2021		420		450
5.625%, 01/26/2022		1,300		1,331
Brazil Notas do Tesouro Nacional, Ser F
10.000%, 01/01/2021		BRL 10,399		3,133
10.000%, 01/01/2023		3,994		1,187
Brazilian Government International Bond
5.625%, 01/07/2041		$ 1,120		1,078
5.000%, 01/27/2045		560		490
2.625%, 01/05/2023		200		185
Chile Government International Bond
3.860%, 06/21/2047		285		286
China Government Bond
3.390%, 05/21/2025		CNY 2,000		277
3.310%, 11/30/2025		11,500		1,579
Colombia Government International Bond
5.625%, 02/26/2044		$ 820		896
FMS Wertmanagement AoeR
1.000%, 11/21/2017		640		639
Indonesia Government International Bond MTN
5.875%, 03/13/2020		240		262
5.875%, 01/15/2024(C)		840		958
4.350%, 01/08/2027(C)		450		469
3.700%, 01/08/2022(C)		250		257
Israel Government International Bond
4.500%, 01/30/2043		260		280
Japan Bank for International Cooperation
2.500%, 06/01/2022		532		534
2.250%, 02/24/2020		1,790		1,798
1.875%, 04/20/2021		694		683
1.750%, 05/28/2020		650		643
1.500%, 07/21/2021		1,742		1,684
Japan Finance Organization for Municipalities
4.000%, 01/13/2021		1,800		1,897
Japan Treasury Discount Bills(B)(G)
-0.100%, 09/25/2017		JPY 1,630,000		14,510
-0.133%, 08/21/2017		960,000		8,545
-0.138%, 08/07/2017		240,000		2,136
Kuwait International Government Bond
3.500%, 03/20/2027(C)		$ 780		797
2.750%, 03/20/2022(C)		775		778
Mexico Government International Bond MTN
5.750%, 10/12/2110		603		625
5.550%, 01/21/2045		1,110		1,243
4.750%, 03/08/2044		1,330		1,331
4.350%, 01/15/2047		458		430



Description	Face Amount (Thousands)		Market Value ($ Thousands)

SOVEREIGN DEBT (continued)
4.150%, 03/28/2027		$925	$	958
4.000%, 10/02/2023		363		380
3.600%, 01/30/2025(F)		780		790
Paraguay Government International Bond
6.100%, 08/11/2044(C)		325		360
Peruvian Government International Bond
6.550%, 03/14/2037		90		118
5.625%, 11/18/2050		580		703
Poland Government International Bond
4.000%, 01/22/2024		1,310		1,401
Portugal Government International Bond MTN
5.125%, 10/15/2024(C)		770		785
Province of Ontario Canada
1.625%, 01/18/2019(F)		785		785
Provincia de Buenos Aires
7.875%, 06/15/2027(C)		250		259
6.500%, 02/15/2023(C)		300		306
Russian Foreign Bond-Eurobond
7.500%, 03/31/2030		630		756
7.500%, 03/31/2030(C)		278		333
4.500%, 04/04/2022		400		422
Slovenia Government International Bond
5.850%, 05/10/2023(C)		740		862
5.500%, 10/26/2022(C)		528		602
5.250%, 02/18/2024(C)		1,215		1,390


Total Sovereign Debt (Cost $63,942) ($ Thousands)				64,572


LOAN PARTICIPATIONS – 1.0%
1011778 BC ULC/ New Red Finance (aka Burger King/Tim Horton’s), Term Loan B2, 1st Lien
3.301%, 02/16/2024		557		555
Air Medical Group Holdings, Term Loan B, 1st Lien
4.295%, 04/28/2022		732		717
Albertson’s LLC, 2016-2 Term B4 Loan, 1st Lien
3.992%, 08/25/2021		413		408
Albertson’s LLC, Term B6 Loan, 1st Lien
4.450%, 06/22/2023		150		148
American Airlines, Term Loan B, 1st Lien
3.220%, 06/26/2020		624		623
American Builders & Contractors Supply, Cov-
Lite, Term Loan B, 1st Lien
3.493%, 10/31/2023		598		599
Aristocrat Leisure, Cov-Lite, Term Loan B1, 1st Lien
3.406%, 10/20/2021		71		71
Avolon Borrower 1 (US) LLC, Initial Term B-2 Loan, 1st Lien
3.962%, 03/21/2022		560		563



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Berry Plastics, Cov-Lite, Term Loan I, 1st Lien
3.545%, 10/01/2022	$	353	$	353
3.494%, 10/01/2022		150		150
Boyd Gaming, Term Loan B, 1st Lien
3.693%, 09/15/2023		299		300
CenturyLink, Cov-Lite, Term Loan B, 1st Lien
1.375%, 01/31/2025 (H)		570		563
Charter Communications Operating, LLC, Term Loan E, 1st Lien
3.050%, 07/01/2020		595		597
CSC Holdings, Term Loan B, 1st Lien
3.459%, 07/15/2025		132		131
Dell International, Term Loan A2, 1st Lien
3.480%, 06/02/2021 (H)		580		581
Delos Finance, Term Loan B, 1st Lien
3.397%, 10/06/2023		1,000		1,003
Energy Future Intermediate Holding, Term Loan, 1st Lien
0.000%, 06/28/2018 (H)		1,170		1,173
First Data, Term Loan B1, 1st Lien
3.716%, 04/26/2024		1,093		1,093
First Data, Term Loan, 1st Lien
3.389%, 07/08/2022		916		914
Flying Fortress, Term Loan, 1st Lien
3.500%, 10/30/2022		560		561
HCA, Term Loan B8, 1st Lien
3.476%, 02/15/2024		599		601
Hilton Worldwide Holdings, Term Loan, 1st Lien
3.278%, 10/25/2023		55		55
3.216%, 10/25/2023		291		292
3.195%, 10/25/2023		275		276
Jaguar Holding, Term Loan, 1st Lien
3.794%, 08/18/2022		570		571
Landry’s, Cov-Lite, Term Loan B, 1st Lien
3.968%, 10/04/2023		296		295
Level 3 Financing, Term Loan B, 1st Lien
3.466%, 02/22/2024		590		591
MGM Growth Properties Operating Partnership L.P., Term B Loan, 1st Lien
3.295%, 04/25/2023 (A)		559		559
Michaels Stores, Term Loan B, 1st Lien
3.909%, 01/30/2023		495		494
3.839%, 01/30/2023		23		23
3.795%, 01/30/2023		42		41
MPH Acquisition Holdings LLC, Initial Term Loan, 1st Lien
4.897%, 06/07/2023		538		538
Murray Energy Corporation, Term Loan B2, 1st Lien
8.397%, 04/16/2020		1		2
Party City, Cov-Lite, Term Loan B, 1st Lien
4.180%, 08/19/2022		487		487



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
4.050%, 08/19/2022	$	42	$	42
PETCO Animal Supplies, Cov-Lite, Term Loan B1, 1st Lien
4.172%, 01/26/2023		506		455
PetSmart, Term Loan Tranche B2, 1st Lien
4.010%, 03/11/2022		680		632
Post Holdings, Term Loan A, 1st Lien
3.470%, 05/17/2024 (H)		380		380
Reynolds Group Holdings, U.S. Term Loan, 1st Lien
4.226%, 02/05/2023 (H)		539		539
RPI Finance Trust, Term Loan B6, 1st Lien
3.153%, 03/27/2023		104		104
Univision Communications, Cov-Lite, Term Loan, 1st Lien
3.795%, 03/15/2024		1,672		1,637
UPC Financing, Term Loan, 1st Lien
3.742%, 04/15/2025		600		601
Virgin Media, Cov-Lite, Term Loan, 1st Lien
3.909%, 01/31/2025		408		408
XPO Logistics, Term Loan B, 1st Lien
3.405%, 11/01/2021 (H)		297		297

Total Loan Participations (Cost $21,192) ($ Thousands)				21,023


U.S. GOVERNMENT AGENCY OBLIGATIONS – 0.6%
FICO STRIPS
0.092%, 11/02/2018 (D)		1,800		1,764
0.000%, 05/11/2018 (B)		1,910		1,886
FNMA
3.058%, 10/09/2019 (D)		6,920		6,638
Tennessee Valley Authority
3.875%, 02/15/2021		1,510		1,622

Total U.S. Government Agency Obligations (Cost $10,947) ($ Thousands)				11,910


MUNICIPAL BONDS – 0.5%

California – 0.2%
California State, Build America Project, GO
7.600%, 11/01/2040		355		553
California State, GO
6.200%, 03/01/2019		1,775		1,907
Los Angeles, Community College District, Build America Project, GO
6.750%, 08/01/2049		488		739

				3,199



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)

Massachusetts – 0.1%
Commonwealth of Massachusetts, GO
4.910%, 05/01/2029	$	900	$	1,046
Commonwealth of Massachusetts, Ser 2016-E, GO Callable 04/01/2025 @ 100
3.000%, 04/01/2041		1,500		1,394

				2,440


Nevada – 0.0%
Clark County, Department of Aviation, Build America Project, Ser C, RB
6.820%, 07/01/2045		458		667


New York – 0.1%
New York and New Jersey, Port Authority, RB
4.458%, 10/01/2062		675		735
New York City, Build America Project, Ser F1, GO
Callable 12/01/2020 @ 100
6.646%, 12/01/2031		900		1,019
New York City, Water & Sewer System, Build America Project, RB
5.952%, 06/15/2042		750		1,014

				2,768


Ohio – 0.0%
Ohio State University, Ser A, RB
4.800%, 06/01/2111		207		213


Texas – 0.1%
Brazos Higher Education Authority, Ser 2006- 2, RB
1.305%, 12/26/2024 (A)		547		540
North Texas, Tollway Authority, Build America Project, Ser B, RB
6.718%, 01/01/2049 (F)		459		669

				1,209


Total Municipal Bonds (Cost $9,388) ($ Thousands)				10,496


	Shares

PREFERRED STOCK – 0.0%
Citigroup Capital XIII, 7.875% (A)		18,975		493


Total Preferred Stock (Cost $491) ($ Thousands)				493



Description	Shares		Market Value ($ Thousands)

AFFILIATED PARTNERSHIP – 3.5%
SEI Liquidity Fund, L.P.
1.080% **†(I)		72,075,627	$	72,056

Total Affiliated Partnership (Cost $72,076) ($ Thousands)				72,056


CASH EQUIVALENT – 3.2%
SEI Daily Income Trust, Government Fund, Cl F
0.760%**†		66,092,722		66,093


Total Cash Equivalent (Cost $66,093) ($ Thousands)				66,093


Total Investments – 113.1% (Cost $2,330,886) ($ Thousands) @			$	2,341,728


	Contracts

PURCHASED OPTIONS – 0.0%
August 2017, Euro-Bund Future Option Put, Expires 07/22/2017,
Strike Price $164.50*		15		46
August 2017, Euro-Bund Future Option Put, Expires 07/22/2017,
Strike Price $164.00*		30		77
August 2017, U.S. 10 Year Future Option Call, Expires 07/22/2017,
Strike Price $126.50*		123		19
August 2017, U.S. 10 Year Future Option Call, Expires 07/22/2017,
Strike Price $127.00*		130		10
August 2017, U.S. 10 Year Future Option Call, Expires 07/22/2017,
Strike Price $127.50*		21		1
August 2017, U.S. 10 Year Future Option Call, Expires 07/22/2017,
Strike Price $126.25*		60		13
August 2017, U.S. 10 Year Future Option Put, Expires 07/22/2017,
Strike Price $126.00*		83		64
August 2017, U.S. 10 Year Future Option Put, Expires 07/22/2017,
Strike Price $125.50*		21		10
August 2017, U.S. 10 Year Future Option Put, Expires 07/22/2017,
Strike Price $125.75*		43		27
August 2017, U.S. 5 Year Future Option Call, Expires 07/22/2017,
Strike Price $118.50*		73		5
August 2017, U.S. Bond Future Option Call, Expires 07/22/2017,
Strike Price $155.00*		21		14



Description	Contracts		Market Value ($ Thousands)

PURCHASED OPTIONS (continued)
August 2017, U.S. Bond Future Option Call, Expires 07/22/2017,
Strike Price $157.00*		39	$	9
August 2017, U.S. Bond Future Option Call, Expires 07/22/2017,
Strike Price $158.00*		84		12
July 2017, U.S. Long Bond W1 Option Call, Expires 07/22/2017,
Strike Price $118.50*		40		1
June 2017, U.S. Long Bond W5 Option Call, Expires 07/22/2017,
Strike Price $118.50*		102		1
October 2017, U.S. 10 Year Future Option Put, Expires 09/16/2017,
Strike Price $124.50*		8		6
September 2017, Euro FX Future Option Put, Expires 09/16/2017,
Strike Price $98.63*		66		5
September 2017, U.S. 10 Year Future Option Put, Expires 08/19/2017,
Strike Price $125.50*		63		51
September 2017, U.S. 5 Year Future Option Call, Expires 08/19/2017,
Strike Price $118.75*		62		9


Total Purchased Options (Cost $477) ($ Thousands)			$	380


WRITTEN OPTIONS – 0.0%
August 2017, Euro-Bund Future Option Call, Expires 07/22/2017
Strike Price $165.50*		(46)		(1)
August 2017, Euro-Bund Future Option Put, Expires 07/22/2017
Strike Price $162.50*		(60)		(79)
August 2017, Euro-Bund Future Option Put, Expires 07/22/2017
Strike Price $162.00*		(46)		(46)
August 2017, U.S. 10 Year Future Option Call, Expires 07/22/2017
Strike Price $129.00*		(102)		(2)
August 2017, U.S. Bond Future Option Call, Expires 07/22/2017
Strike Price $159.00*		(21)		(2)
September 2017, U.S. 10 Year Future Option Call, Expires 08/19/2017
Strike Price $129.00*		(142)		(9)
September 2017, U.S. 10 Year Future Option Call, Expires 08/19/2017
Strike Price $128.00*		(120)		(17)
September 2017, U.S. Bond Future Option Call, Expires 08/19/2017



Description	Contracts			Market Value ($ Thousands)

WRITTEN OPTIONS (continued)
Strike Price $161.00*		(36	)	$	(7	)
September 2017, U.S. Bond Future Option Call, Expires 08/19/2017
Strike Price $160.00*		(62	)		(15	)
September 2017, U.S. Bond Future Option Call, Expires 08/19/2017
Strike Price $159.00*		(22	)		(7	)


Total Written Options

(Premiums Received $201) ($ Thousands)				$	(185	)

A list of the open futures contracts held by the Fund at June 30, 2017, is as follows:


Type of Contract	Number of Contracts Long (Short)		Expiration Date		Unrealized Appreciation (Depreciation) ($ Thousands)
90-Day Euro$		(160)		Sep-2017	$	1
90-Day Euro$		(42)		Jun-2018		8
90-Day Euro$		(42)		Sep-2018		9
90-Day Euro$		39		Dec-2018		31
90-Day Euro$		(99)		Dec-2017		14
90-Day Euro$		(209)		Dec-2019		(197)
Euro		(18)		Sep-2017		(32)
Euro-BTP		106		Sep-2017		154
Euro-Bund		(232)		Sep-2017		690
U.S. 10-Year Treasury Note		2		Dec-2017		(175)
U.S. 10-Year Treasury Note		1,007		Sep-2017		(410)
U.S. 2-Year Treasury Note		301		Oct-2017		(90)
U.S. 5-Year Treasury Note		941		Oct-2017		(289)
U.S. Long Treasury Bond		(360)		Sep-2017		37
U.S. Ultra Long Treasury Bond		(162)		Sep-2017		(392)
Ultra 10-Year U.S. Treasury Note		(148)		Sep-2017		33

					$	(608)

A list of the open forward foreign currency contracts held by the Fund at June 30, 2017 is as follows:


Settlement Date	Currency to Deliver (Thousands)		Currency To Receive (Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)

07/20/17	USD	100	GBP	80		$4
07/20/17-07/20/17	EUR	1,131	USD	1,234		(56)
07/20/17-07/20/17	USD	2,235	EUR	2,034		87
07/20/17	USD	4,282	CNH	29,200		17
07/20/17	USD	4,429	IDR	59,300,390		10
07/20/17	USD	4,627	INR	301,350		25
07/20/17	USD	5,698	BRL	18,940		(6)
07/20/17-10/19/17	CNH	58,400	USD	8,471		(102)
07/20/17	CNY	72,168	USD	10,385		(251)
07/20/17	TWD	180,300	USD	5,963		35
07/20/17-09/25/17	JPY	4,090,085	USD	37,060		562

						$325


Counterparty	Currency to Deliver ($ Thousands)		Currency to Receive ($ Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)

Barclays PLC		$(20,165)		$20,403		$238
BNP Paribas		(106)		105		(1)
Citigroup		(8,727)		8,726		(1)
Goldman Sachs		(30,970)		31,211		241
JPMorgan Chase Bank		(21,190)		20,999		(191)
Morgan Stanley		(3,140)		3,179		39

						$325

A list of open centrally cleared swap agreements held by the Fund at June 30, 2017, is as follows:

Percentages are based on Net Assets of $2,071,509 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of June 30, 2017.

^†	Investment in Affiliated Security.

(A)	Variable Rate Security – The rate reported on the Schedule of Investments is the rate in effect as of June 30, 2017.

(B)	Zero coupon security. The rate shown on the Schedule of Investments is the security’s effective yield at the time of purchase.

(C)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On June 30, 2017, the value of these securities amounted to $225,469 ($ Thousands), representing 10.9% of the Net Assets of the Fund.

(D)	The rate reported is the effective yield at the time of purchase.

(E)	Security, or portion thereof, has been pledged as collateral on open futures contracts.

(F)	Certain securities or partial positions of certain securities are on loan at June 30, 2017. The total market value of securities on loan at June 30, 20 17 was $69,916 ($ Thousands).

(G)	Rate is negative due to the decrease in value of the foreign currency against the U.S. Dollar. (H) Unsettled bank loan. Interest rate not available.

(I)	This security was purchased with cash collateral held from securities on loan. The total market value of such securities as of June 30, 2017 was $72,056 ($ Thousands).

ACES – Alternative Credit Enhancement Structure

ARM – Adjustable Rate Mortgage

ARS – Argentine Peso

BRL – Brazilian Real

Cl – Class

CLO – Collateralized Loan Obligation

CMO – Collateralized Mortgage Obligation

CNH – Chinese Offshore Yuan

CNY – Chinese Yuan

EUR – Euro

FHLMC – Federal Home Loan Mortgage Corporation

FICO – Financing Corporation

FNMA – Federal National Mortgage Association

FREMF – Freddie Mac Multi-Family

GBP – British Pound Sterling

GNMA – Government National Mortgage Association

GTD – Guaranteed Student Loans

GO – General Obligation

IDR – Indonesian Rupiah

INR – Indian Rupee

IO – Interest Only

JPY – Japanese Yen

LIBOR – London Interbank Offered Rate

LLC – Limited Liability Company

L.P. – Limited Partnership MTN – Medium Term Note

NCUA – National Credit Union Association

PLC – Public Limited Company

PO – Principal Only

RB – Revenue Bond

Re-REMIC – Resecuritization of Real Estate Mortgage Investment Conduit

Ser – Series

STRIPS – Separately Traded Registered Interest and Principal Securities

TBA – To Be Announced

TWD – Taiwanese Dollar

ULC – Unlimited Liability Company

USD – United States Dollar

@ At June 30, 2017, the tax basis cost of the Fund’s investments was $2,330,886 ($ Thousands), and the unrealized appreciation and depreciation were $44,016 ($ Thousands) and $(33,174) ($ Thousands), respectively.

The following is a list of the level of inputs used as of June 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3		Total
Mortgage-Backed Securities	$	–	$	682,545	$	–	$	682,545
U.S. Treasury Obligations		–		612,283		–		612,283
Corporate Obligations		–		594,546		–		594,546
Asset-Backed Securities		–		205,711		–		205,711


Investments in Securities	Level 1		Level 2		Level 3		Total
Sovereign Debt	$	–	$	64,572	$	–	$	64,572
Loan Participations		–		21,023		–		21,023
U.S. Government Agency
Obligations		–		11,910		–		11,910
Municipal Bonds		–		10,496		–		10,496
Preferred Stock		493		–		–		493
Affiliated Partnership		–		72,056		–		72,056
Cash Equivalent		66,093		–		–		66,093

Total Investments in Securities	$	66,586	$	2,275,142	$	–	$	2,341,728

Other Financial
Instruments

Level 1

Level 2

Level 3

Total

Purchased Options

380

–

380

Written Options

(185)

–

(185)

Futures Contracts *

Unrealized Appreciation

977

–

977

Unrealized Depreciation

(1,585)

–

(1,585)

Forwards Contracts *

Unrealized Appreciation

–

740

–

740

Unrealized Depreciation

–

(415)

–

(415)


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Centrally Cleared Swaps
Credit Default Swaps *
Unrealized Appreciation		–		135		–		135
Unrealized Depreciation		–		(33)		–		(33)
Interest Rate Swaps *
Unrealized Appreciation		–		1,721		–		1,721
Unrealized Depreciation		–		(242)		–		(242)

Total Other Financial Instruments	$	(413)	$	1,906	$	–	$	1,493

*Futures contracts, forwards contracts and swaps contracts are valued at the unrealized appreciation (depreciation) on the instrument.

For the period ended June 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended June 30, 2017, there were no transfers from Level 2 into Level 3 assets and liabilities.

Amounts designated as “–” are $0 or have been rounded to $0.

The following is a summary of the transactions with affiliates for the period ended June 30, 2017 ($ Thousands):

As of June 30, 2017, the Core Fixed Income Fund is the seller (“providing protection”) on a total notional amount of $22 million. The notional amounts of the swaps are not recorded in the financial statements.

The notional amounts approximate the maximum potential amount of future payments that the Fund could be required to make if the Fund were the seller of protection and a credit event was to occur. Those credit default swaps (“CDS”) for which the Fund is providing protection at the balance sheet date are summarized as follows:

[1] Potential recoveries would include purchased credit derivatives to the extent they offset written credit derivatives which have an identical underlying, or a netting arrangement or credit support annex with the counterparty. There may be other potential recoveries from recourse provisions where agreements cover multiple derivative arrangements but those amounts have not been included.

[1] If Management uses credit ratings to evaluate the credit risk of an underlying asset, it may use such ratings in its disclosure by replacing credit spreads by credit ratings.

* The credit spread on the underlying asset is generally indicative of the current status of the underlying risk of the Fund having to perform. The spread also reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into a contract. Higher credit spreads with a shorter contract term is indicative of a higher likelihood of performance by the Fund.



Description	Face Amount (Thousands)		Market Value ($ Thousands)

U.S. TREASURY OBLIGATIONS — 36.0%
U.S. Treasury Bills (A)
0.957%, 08/31/2017	$	13,905	$	13,884
0.927%, 08/17/2017		10,185		10,174
0.868%, 08/10/2017		17,620		17,604
0.825%, 09/07/2017		304		303
U.S. Treasury Bonds
5.250%, 11/15/2028		10,380		13,363
3.815%, 02/15/2045 (A)		3,105		1,386
3.750%, 11/15/2043		19,350		22,746
3.375%, 05/15/2044		5,720		6,319
3.000%, 05/15/2045 (C)		8,425		8,681
3.000%, 11/15/2045		810		834
3.000%, 02/15/2047		8,526		8,795
3.000%, 05/15/2047		26,144		26,981
2.875%, 08/15/2045		8,745		8,794
2.875%, 11/15/2046		12,209		12,276
2.810%, 08/15/2045 (A)		2,810		1,235
2.500%, 02/15/2045		15,105		14,097
2.500%, 02/15/2046		26,420		24,591
2.500%, 05/15/2046		8,993		8,367
2.250%, 08/15/2046		5,035		4,433
U.S. Treasury Inflation Protected Securities
1.375%, 07/15/2018		2,376		2,413
1.375%, 02/15/2044		63		69
0.875%, 02/15/2047		4,999		4,851
0.750%, 02/15/2042		238		227
0.625%, 01/15/2024		157		159
0.625%, 02/15/2043		2,946		2,710
0.375%, 01/15/2027		1,984		1,949
0.125%, 04/15/2018		2,888		2,877
0.125%, 04/15/2021		7,093		7,082
0.125%, 04/15/2022		2,438		2,427
0.125%, 07/15/2026		7,421		7,158
U.S. Treasury Notes
2.375%, 06/30/2018		4,290		4,335
2.375%, 05/15/2027		26,315		26,481
2.250%, 11/15/2025		310		310
2.250%, 02/15/2027		3,235		3,220
2.125%, 01/31/2021		4,995		5,072
2.125%, 12/31/2022		11,930		12,025
2.125%, 03/31/2024		18,130		18,143
2.125%, 05/15/2025		2,760		2,743
2.000%, 10/31/2021		2,942		2,966
2.000%, 12/31/2021		9,794		9,865
2.000%, 11/30/2022		9,935		9,956
2.000%, 05/31/2024		907		900
2.000%, 02/15/2025		1,240		1,223
2.000%, 11/15/2026		5,430		5,295
1.875%, 01/31/2022		10,731		10,744
1.875%, 03/31/2022		11,495		11,502
1.875%, 04/30/2022		3,854		3,853
1.875%, 05/31/2022		4,445		4,445



Description	Face Amount (Thousands)		Market Value ($ Thousands)

U.S. TREASURY OBLIGATIONS (continued)
1.875%, 06/30/2024	$	610	$	605
1.750%, 12/31/2020		8,730		8,755
1.750%, 05/31/2022 (D)		43,581		43,326
1.750%, 06/30/2022		46,937		46,627
1.625%, 06/30/2020		1,648		1,651
1.625%, 07/31/2020		1,788		1,790
1.500%, 05/15/2020		3,933		3,928
1.500%, 05/31/2020		2,516		2,512
1.500%, 06/15/2020		4,092		4,086
1.500%, 02/28/2023		7,280		7,087
1.500%, 08/15/2026		15,065		14,093
1.375%, 12/31/2018		7,230		7,233
1.375%, 08/31/2020		1,419		1,409
1.375%, 01/31/2021		13,860		13,715
1.375%, 08/31/2023		11,910		11,442
1.375%, 09/30/2023		580		557
1.250%, 03/31/2019		30,441		30,376
1.250%, 04/30/2019		13,685		13,651
1.250%, 05/31/2019 (D)		4,480		4,469
1.250%, 06/30/2019		586		584
1.250%, 07/31/2023		840		802
1.125%, 02/28/2021		1,582		1,550
1.125%, 07/31/2021		3,894		3,796
1.125%, 09/30/2021		11,179		10,874
1.000%, 12/31/2017		3,690		3,687
1.000%, 05/15/2018		5,265		5,252
0.750%, 10/31/2017		4,495		4,490
0.750%, 04/15/2018		7,150		7,121
0.625%, 04/30/2018		7,255		7,216

Total U.S. Treasury Obligations (Cost $631,359) ($ Thousands)				632,547

MORTGAGE-BACKED SECURITIES — 30.2%

Agency Mortgage-Backed Obligations — 26.5%
FHLMC
10.000%, 03/17/2026		59		59
7.500%, 01/01/2032 to 02/01/2038		336		385
6.500%, 10/01/2031 to 09/01/2038		328		370
6.000%, 02/01/2018 to 09/01/2038		424		466
5.500%, 06/01/2020 to 08/01/2037		489		511
5.000%, 03/01/2034 to 06/01/2044		1,630		1,796
4.500%, 08/01/2020 to 06/01/2047		10,815		11,710
4.000%, 10/01/2029 to 07/01/2047		18,278		19,340
3.500%, 06/01/2026 to 04/01/2047		32,288		33,446
3.000%, 03/01/2031 to 02/01/2047		16,396		16,387
FHLMC ARM
3.090%, 02/01/2045 (E)		276		283
2.631%, 07/01/2046 (E)		1,953		1,986
FHLMC CMO, Ser 2002-2399, Cl XG
6.500%, 01/15/2032		110		123



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FHLMC CMO, Ser 2005-2945, Cl SA
10.514%, 03/15/2020 (E)	$	5	$	5
FHLMC CMO, Ser 2007-3281, Cl AI, IO
5.441%, 02/15/2037 (E)		104		19
FHLMC CMO, Ser 2007-3316, Cl JO, PO
0.000%, 05/15/2037 (A)		5		4
FHLMC CMO, Ser 2011-3804, Cl FN
1.609%, 03/15/2039 (E)		78		79
FHLMC CMO, Ser 2011-3829, Cl ED
3.500%, 10/15/2028		148		149
FHLMC CMO, Ser 2011-3838, Cl QE
3.500%, 01/15/2029		253		255
FHLMC CMO, Ser 2011-3947, Cl SG, IO
4.791%, 10/15/2041 (E)		498		80
FHLMC CMO, Ser 2012-283, Cl IO, IO
3.500%, 10/15/2027		832		84
FHLMC CMO, Ser 2012-4146, Cl DI, IO
3.000%, 12/15/2031		1,056		108
FHLMC CMO, Ser 2013-4194, Cl BI, IO
3.500%, 04/15/2043		512		80
FHLMC CMO, Ser 2013-4203, Cl PS, IO
5.261%, 09/15/2042 (E)		395		65
FHLMC CMO, Ser 2013-4210, Cl Z
3.000%, 05/15/2043		221		203
FHLMC CMO, Ser 2013-4239, Cl IO, IO
3.500%, 06/15/2027		633		64
FHLMC CMO, Ser 2014-328, Cl S4, IO
1.940%, 02/15/2038 (E)		152		8
FHLMC CMO, Ser 2014-4335, Cl SW, IO
5.011%, 05/15/2044 (E)		152		26
FHLMC CMO, Ser 2014-4415, Cl IO, IO
1.797%, 04/15/2041 (E)		169		9
FHLMC CMO, Ser 2015-4425, Cl A
4.000%, 09/15/2040		436		461
FHLMC CMO, Ser 2015-4529, Cl HC
3.000%, 10/15/2039		261		265
FHLMC CMO, Ser 2016-4639, Cl HZ
1.750%, 04/15/2053		1,564		1,448
FHLMC CMO, Ser 2016-4640, Cl LD
4.000%, 09/15/2043		2,027		2,138
FHLMC CMO, Ser 2950, Cl JO, PO
0.000%, 03/15/2020 (A)		3		3
FHLMC CMO, Ser T-76, Cl 2A
1.843%, 10/25/2037 (E)		174		177
FHLMC Multifamily Structured Pass-Through Certificates, Ser K151, Cl A3
3.511%, 04/25/2030		485		504
FHLMC Multifamily Structured Pass-Through Certificates, Ser K723, Cl X1, IO
0.956%, 08/25/2023 (E)		7,686		368



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FHLMC Multifamily Structured Pass-Through Certificates, Ser KIR1, Cl X, IO
1.091%, 05/25/2026 (E)	$	6,284	$	463
FHLMC Multifamily Structured Pass-Through Certificates, Ser KJ03, Cl A2
2.328%, 06/25/2021		170		172
FHLMC Multifamily Structured Pass-Through Certificates, Ser KJ11, Cl A2
2.932%, 01/25/2023		390		402
FHLMC Multifamily Structured Pass-Through Certificates, Ser KS03, Cl A4
3.161%, 05/25/2025 (E)		1,650		1,705
FHLMC Multifamily Structured Pass-Through Certificates, Ser S8FX, Cl A2
3.291%, 03/25/2027		320		329
FHLMC TBA
4.000%, 08/15/2041 to 09/15/2041		4,630		4,856
3.500%, 07/15/2041 to 08/25/2041		8,700		8,926
3.000%, 08/01/2042 to 07/15/2043		8,500		8,473
FNMA
7.500%, 10/01/2037 to 04/01/2039		245		296
7.000%, 04/01/2032 to 01/01/2039		144		163
6.500%, 05/01/2027 to 12/01/2038		1,243		1,434
6.000%, 10/01/2019 to 10/01/2040		1,148		1,292
5.500%, 02/01/2021 to 02/01/2035		131		145
5.000%, 01/01/2020 to 08/01/2056		5,937		6,523
4.540%, 01/01/2020		446		471
4.500%, 01/01/2020 to 04/01/2056		28,132		30,626
4.410%, 05/01/2021		357		384
4.360%, 05/01/2021		957		1,029
4.350%, 04/01/2021		748		803
4.300%, 04/01/2021		235		252
4.250%, 04/01/2021		250		268
4.240%, 06/01/2021		944		1,013
4.230%, 03/01/2020		363		381
4.200%, 04/01/2021		669		715
4.060%, 07/01/2021		987		1,057
4.000%, 04/01/2024 to 08/01/2056		53,588		56,830
3.590%, 12/01/2020		444		465
3.500%, 08/01/2028 to 02/01/2047		18,679		19,419
3.430%, 10/01/2020		896		935
3.410%, 10/01/2030		829		855
3.390%, 01/01/2031		700		720
3.340%, 07/01/2030		600		616
3.290%, 10/01/2020 to 09/01/2032		1,008		1,035
3.260%, 10/01/2030		729		743
3.240%, 06/01/2029		955		975
3.230%, 11/01/2020		322		334
3.120%, 06/01/2035		850		839
3.110%, 02/01/2028		465		473
3.080%, 04/01/2030		500		502
3.040%, 04/01/2030		500		500



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
3.000%, 01/01/2027 to 02/01/2047	$	7,513	$	7,627
2.600%, 10/01/2031		735		694
2.500%, 08/25/2027 to 10/01/2042		669		261
FNMA ACES, Ser 2014-M12, Cl FA
1.276%, 10/25/2021 (E)		173		173
FNMA ACES, Ser 2015-M3, Cl FA
1.215%, 06/25/2018 (E)		716		716
FNMA ACES, Ser 2016-M11, Cl A2
2.369%, 07/25/2026 (E)		865		833
FNMA ACES, Ser 2017-M4, Cl A2
2.597%, 12/25/2026 (E)		504		492
FNMA ACES, Ser 2017-M7, Cl A2
2.961%, 02/25/2027 (E)		453		466
FNMA ARM
4.380%, 04/01/2040 (E)		139		146
3.259%, 04/01/2047 (E)		1,027		1,049
3.230%, 06/01/2047 (E)		864		888
3.192%, 10/01/2043 (E)		170		176
3.183%, 07/01/2047 (E)		214		218
3.139%, 03/01/2047 (E)		839		866
2.978%, 05/01/2047 (E)		225		231
FNMA CMO, Ser 1999-11, Cl Z
5.500%, 03/25/2029		51		56
FNMA CMO, Ser 2005-117, Cl LC
5.500%, 11/25/2035		245		261
FNMA CMO, Ser 2005-29, Cl ZA
5.500%, 04/25/2035		250		281
FNMA CMO, Ser 2005-360, Cl 2, IO
5.000%, 08/01/2035		174		36
FNMA CMO, Ser 2007-108, Cl AN
8.204%, 11/25/2037 (E)		61		71
FNMA CMO, Ser 2009-103, Cl MB
3.275%, 12/25/2039 (E)		139		148
FNMA CMO, Ser 2009-86, Cl BO, PO
0.000%, 03/25/2037 (A)		601		549
FNMA CMO, Ser 2011-43, Cl AN
3.500%, 12/25/2028		272		273
FNMA CMO, Ser 2011-87, Cl SG, IO
5.334%, 04/25/2040 (E)		419		54
FNMA CMO, Ser 2012-101, Cl AI, IO
3.000%, 06/25/2027		616		54
FNMA CMO, Ser 2012-118, Cl CI, IO
3.500%, 12/25/2039		667		88
FNMA CMO, Ser 2013-126, Cl CS, IO
4.934%, 09/25/2041 (E)		686		81
FNMA CMO, Ser 2013-73, Cl IA, IO
3.000%, 09/25/2032		741		79
FNMA CMO, Ser 2013-73, Cl IB, IO
3.500%, 07/25/2028		178		20
FNMA CMO, Ser 2014-40, Cl EP
3.500%, 10/25/2042		469		490



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FNMA CMO, Ser 2014-47, Cl AI, IO
1.905%, 08/25/2044 (E)	$	859	$	52
FNMA CMO, Ser 2014-M8, Cl X2, IO
0.416%, 06/25/2024 (E)		8,664		199
FNMA CMO, Ser 2015-56, Cl AS, IO
4.934%, 08/25/2045 (E)		85		19
FNMA CMO, Ser 2015-M10, Cl A2
3.092%, 04/25/2027 (E)		544		552
FNMA CMO, Ser 2016-59, Cl CA
3.500%, 09/25/2043		1,543		1,613
FNMA TBA
5.000%, 08/14/2037		1,500		1,637
4.500%, 08/01/2033		29,800		31,926
4.000%, 07/13/2039 to 09/14/2039		34,755		36,510
3.500%, 08/01/2040 to 07/01/2041		7,485		7,679
3.000%, 07/01/2026 to 08/01/2042		15,735		15,834
GNMA
7.500%, 10/15/2037		44		51
7.000%, 09/15/2031		41		49
6.500%, 12/15/2035 to 08/15/2039		539		623
6.000%, 09/20/2038		82		92
5.000%, 12/20/2039 to 11/20/2045		96		107
4.500%, 03/15/2041 to 04/15/2047		1,451		1,587
4.000%, 07/15/2045 to 06/20/2047		9,818		10,369
3.500%, 04/20/2046 to 03/20/2047		9,893		10,258
3.000%, 04/15/2045 to 12/20/2046		3,988		4,034
2.375%, 02/20/2034 (E)		310		321
GNMA CMO, Ser 2007-78, Cl SA, IO
5.358%, 12/16/2037 (E)		817		124
GNMA CMO, Ser 2009-66, Cl XS, IO
5.628%, 07/16/2039 (E)		975		146
GNMA CMO, Ser 2010-4, Cl NS, IO
5.218%, 01/16/2040 (E)		1,673		297
GNMA CMO, Ser 2010-H11, Cl FA
2.044%, 06/20/2060 (E)		521		529
GNMA CMO, Ser 2011-H08, Cl FD
1.483%, 02/20/2061 (E)		359		359
GNMA CMO, Ser 2012-112, Cl IO, IO
0.311%, 02/16/2053 (E)		1,098		28
GNMA CMO, Ser 2012-27, Cl IO, IO
1.016%, 04/16/2053 (E)		1,498		56
GNMA CMO, Ser 2012-34, Cl SA, IO
5.040%, 03/20/2042 (E)		163		28
GNMA CMO, Ser 2012-43, Cl SN, IO
5.428%, 04/16/2042 (E)		93		21
GNMA CMO, Ser 2012-H25, Cl FA
1.683%, 12/20/2061 (E)		650		653
GNMA CMO, Ser 2013-145, Cl IO, IO
1.074%, 09/16/2044 (E)		1,310		71
GNMA CMO, Ser 2013-178, Cl IO, IO
0.786%, 06/16/2055 (E)		1		–



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
GNMA CMO, Ser 2013-63, Cl IO, IO
0.776%, 09/16/2051 (E)	$	22	$	1
GNMA CMO, Ser 2013-69, Cl AI, IO
3.500%, 05/20/2043		676		128
GNMA CMO, Ser 2013-96, Cl IO, IO
0.529%, 10/16/2054 (E)		1,960		67
GNMA CMO, Ser 2014-117, Cl SJ, IO
4.388%, 08/20/2044 (E)		247		37
GNMA CMO, Ser 2014-47, Cl IA, IO
0.474%, 02/16/2048 (E)		318		13
GNMA CMO, Ser 2014-5, Cl SP, IO
4.978%, 06/16/2043 (E)		588		74
GNMA CMO, Ser 2014-50, Cl IO, IO
0.894%, 09/16/2055 (E)		1,257		71
GNMA CMO, Ser 2014-92, Cl IX, IO
0.700%, 05/16/2054 (E)		6,908		259
GNMA CMO, Ser 2014-H10, Cl TA
1.593%, 04/20/2064 (E)		730		732
GNMA CMO, Ser 2015-167, Cl OI, IO
4.000%, 04/16/2045		88		20
GNMA CMO, Ser 2015-5, Cl IK, IO
0.714%, 11/16/2054 (E)		6,739		319
GNMA CMO, Ser 2015-H10, Cl FC
1.463%, 04/20/2065 (E)		439		438
GNMA CMO, Ser 2015-H18, Cl FA
1.433%, 06/20/2065 (E)		331		330
GNMA CMO, Ser 2015-H20, Cl FA
0.663%, 08/20/2065 (E)		325		324
GNMA TBA
4.500%, 07/15/2039		6,340		6,738
4.000%, 07/01/2039		6,085		6,403
3.500%, 07/15/2041 to 09/15/2041		28,810		29,811
GNMA TBA TBA
3.000%, 07/15/2042 to 08/15/2042		25,145		25,381

				465,230

Non-Agency Mortgage-Backed Obligations — 3.7%
7 WTC Depositor Trust, Ser 2012-7WTC, Cl A
4.082%, 09/12/2018 (F)		80		81
American Home Mortgage Investment Trust,
Ser 2004-4, Cl 4A
3.430%, 02/25/2045 (E)		469		474
AOA Mortgage Trust, Ser 2015-1177, Cl A
2.957%, 12/13/2021 (F)		930		949
ASG Resecuritization Trust, Ser 2009-3, Cl A65
2.753%, 03/26/2037 (E)(F)		88		88
Banc of America Funding Trust, Ser 2004-C, Cl 1A1
3.194%, 12/20/2034 (E)		20		20
Banc of America Funding Trust, Ser 2006-G, Cl 2A4
1.500%, 07/20/2036 (E)		1,479		1,480



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Banc of America Funding Trust, Ser 2010-R11A, Cl 1A6
4.935%, 08/26/2035 (E)(F)	$	3	$	3
BB-UBS Trust, Ser 2012-SHOW, Cl A
3.430%, 11/05/2036 (F)		600		614
BB-UBS Trust, Ser 2012-TFT, Cl A
2.892%, 06/05/2030 (F)		150		149
BCAP LLC Trust, Ser 2009-RR5, Cl 8A1
5.500%, 11/26/2034 (E)(F)		76		77
BCAP LLC Trust, Ser 2010-RR7, Cl 1A5
3.240%, 04/26/2035 (E)(F)		1		1
Bear Stearns Adjustable Rate Mortgage Trust, Ser 2004-2, Cl 14A
3.713%, 05/25/2034 (E)		18		18
Bear Stearns Adjustable Rate Mortgage Trust, Ser 2005-5, Cl A1
2.580%, 08/25/2035 (E)		58		59
Bear Stearns ALT-A Trust, Ser 2004-12, Cl 1A3
1.724%, 01/25/2035 (E)		157		155
Bear Stearns ALT-A Trust, Ser 2004-6, Cl 1A
1.856%, 07/25/2034 (E)		98		97
Bear Stearns ARM Trust, Ser 2003-7, Cl 9A
3.281%, 10/25/2033 (E)		522		521
Bear Stearns Commercial Mortgage Securities, Ser 2005-PWR8, Cl X1, IO
0.346%, 06/11/2041 (E)(F)		23		–
CD Commercial Mortgage Trust, Ser 2016-CD1, Cl ASB
2.622%, 07/10/2026		537		531
CD Commercial Mortgage Trust, Ser 2016-CD1, Cl A1
1.443%, 08/10/2021		137		135
CD Commercial Mortgage Trust, Ser 2016-CD2
3.526%, 11/01/2049		290		299
CD Commercial Mortgage Trust, Ser 2017-CD4, Cl ASB
3.317%, 05/10/2050		253		260
CD Commerical Mortgage Trust, Ser 2017-CD3, Cl A4
3.631%, 01/10/2027		310		323
CFCRE Commercial Mortgage Trust, Ser 2011-C1, Cl A4
4.961%, 04/15/2044 (E)(F)		359		383
CFCRE Commercial Mortgage Trust, Ser 2016- C3, Cl A1
1.793%, 01/10/2021		229		228
CFCRE Commercial Mortgage Trust, Ser 2016-C4, Cl A4
3.283%, 02/10/2026		332		333
CFCRE Commercial Mortgage Trust, Ser 2016-C7, Cl A2
3.585%, 12/10/2054		332		341



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
CFCRE Commercial Mortgage Trust, Ser 2016-C7, Cl A3
3.839%, 12/10/2026	$	241	$	251
CFCRE Commercial Mortgage Trust, Ser 2017-C8, Cl A1
1.965%, 06/15/2050		208		208
CFCRE Commercial Mortgage Trust, Ser 2017-C8, Cl ASB
3.367%, 06/15/2050		264		271
CFCRE Commercial Mortgage Trust, Ser 2017-C8, Cl A4
3.572%, 05/15/2027		345		353
CGBAM Commercial Mortgage Trust, Ser 2016-IMC, Cl D
6.572%, 11/15/2021 (E)(F)		930		918
Chase Mortgage Finance, Ser 2007-A1, Cl 2A1
3.289%, 02/25/2037 (E)		37		37
Chase Mortgage Finance, Ser 2007-A1, Cl 9A1
3.321%, 02/25/2037 (E)		26		26
Chase Mortgage Finance, Ser 2007-A2, Cl 1A1
3.516%, 07/25/2037 (E)		43		43
Citigroup Commercial Mortgage Trust, Ser 2013-GC11, Cl A4
3.093%, 03/10/2023		200		204
Citigroup Commercial Mortgage Trust, Ser 2013-GC11, Cl A2
1.987%, 04/10/2046		391		392
Citigroup Commercial Mortgage Trust, Ser 2013-GC11, Cl AAB
2.690%, 04/10/2046		226		230
Citigroup Commercial Mortgage Trust, Ser 2013-SMP, Cl A
2.110%, 01/12/2030 (F)		432		433
Citigroup Commercial Mortgage Trust, Ser 2014-GC25, Cl AS
4.017%, 10/10/2047		140		146
Citigroup Commercial Mortgage Trust, Ser 2015-GC33, Cl A4
3.778%, 09/10/2025		290		304
Citigroup Global Markets Mortgage Securities VII, Ser 2003-HYB1, Cl A
3.240%, 09/25/2033 (E)		41		41
Citigroup Global Markets Mortgage Securities VII, Ser 2003-UP1, Cl A
3.950%, 04/25/2032 (F)		16		16
Citigroup Mortgage Loan Trust, Ser 2008-AR4, Cl 1A1A
3.578%, 11/25/2038 (E)(F)		3		3
Citigroup/Deutsche Bank Commercial Mortgage Trust, Ser 2006-CD2, Cl X, IO
0.023%, 01/15/2046 (E)(F)		516		–



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Citigroup/Deutsche Bank Commercial Mortgage Trust, Ser 2007-CD4, Cl XC, IO
0.490%, 12/11/2049 (E)(F)	$	332	$	–
COMM Mortgage Trust, Ser 2010-C1, Cl A2
3.830%, 07/10/2046 (F)		36		36
COMM Mortgage Trust, Ser 2012-CR2, Cl XA, IO
1.681%, 08/15/2045 (E)		644		45
COMM Mortgage Trust, Ser 2012-CR4, Cl A2
1.801%, 10/15/2045		89		89
COMM Mortgage Trust, Ser 2012-CR4, Cl AM
3.251%, 10/15/2045		590		599
COMM Mortgage Trust, Ser 2012-LC4, Cl A4
3.288%, 12/10/2044		79		82
COMM Mortgage Trust, Ser 2013-300P, Cl A1
4.353%, 08/10/2030 (F)		215		234
COMM Mortgage Trust, Ser 2013-CR10, Cl A2
2.972%, 08/10/2046		117		119
COMM Mortgage Trust, Ser 2013-CR11, Cl A1
1.468%, 10/10/2046		64		64
COMM Mortgage Trust, Ser 2013-CR12, Cl C
5.082%, 10/10/2046 (E)		10		10
COMM Mortgage Trust, Ser 2013-CR12, Cl A1
1.295%, 10/10/2046		21		21
COMM Mortgage Trust, Ser 2013-CR12, Cl AM
4.300%, 10/10/2046		30		32
COMM Mortgage Trust, Ser 2013-CR12, Cl B
4.762%, 10/10/2046 (E)		30		32
COMM Mortgage Trust, Ser 2013-CR12, Cl A4
4.046%, 10/10/2046		32		34
COMM Mortgage Trust, Ser 2013-CR13, Cl XA, IO
0.938%, 12/10/2023 (E)		3,944		147
COMM Mortgage Trust, Ser 2013-CR6, Cl A2
2.122%, 03/10/2046		777		779
COMM Mortgage Trust, Ser 2013-CR6, Cl B
3.397%, 02/10/2023 (F)		299		300
COMM Mortgage Trust, Ser 2013-CR9, Cl ASB
3.834%, 07/10/2045		722		763
COMM Mortgage Trust, Ser 2014-CR18, Cl XA, IO
1.240%, 07/15/2047 (E)		3,699		197
COMM Mortgage Trust, Ser 2014-UBS4, Cl A5
3.694%, 08/10/2047		254		264
COMM Mortgage Trust, Ser 2014-UBS5, Cl ASB
3.548%, 09/10/2047		103		108
COMM Mortgage Trust, Ser 2015-CR25, Cl A4
3.759%, 08/10/2048		188		197
COMM Mortgage Trust, Ser 2015-LC19, Cl XA, IO
1.213%, 01/10/2025 (E)		6,264		440
COMM Mortgage Trust, Ser 2016-787S, Cl A
3.545%, 02/10/2036 (F)		310		319



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
COMM Mortgage Trust, Ser 2016-COR1, Cl ASB
2.972%, 10/10/2049	$	254	$	257
COMM Mortgage Trust, Ser 2016-GCT, Cl A
2.681%, 08/10/2021		370		374
COMM Mortgage Trust, Ser 2016-SAVA
1.720%, 10/15/2018		1,310		1,316
Commercial Mortgage Pass-Through Certificates, Ser 2012-CR3, Cl A3
2.822%, 11/15/2045		266		269
Commercial Mortgage Pass-Through Certificates, Ser 2014-UBS2, Cl XA, IO
1.378%, 03/10/2047 (E)		2,214		132
Commercial Mortgage Pass-Through Certificates, Ser 2014-UBS2, Cl A5
3.961%, 03/10/2047		90		95
Commercial Mortgage Pass-Through Certificates, Ser 2014-UBS6, Cl AM
4.048%, 12/10/2047		372		389
Credit Suisse First Boston Mortgage Securities, Ser 2003-27, Cl 5A3
5.250%, 11/25/2033		73		74
Credit Suisse First Boston Mortgage Securities, Ser 2003-29, Cl 5A1
7.000%, 12/25/2033		64		68
Credit Suisse First Boston Mortgage Securities, Ser 2003-AR24, Cl 2A4
3.280%, 10/25/2033 (E)		411		405
CSAIL Commercial Mortgage Trust, Ser 2015- C4, Cl A4
3.808%, 11/15/2048		584		611
CSAIL Commercial Mortgage Trust, Ser 2016-C5, Cl ASB
3.533%, 11/15/2048		90		94
CSMC, Ser 2009-2R, Cl 1A14
3.077%, 09/26/2034 (E)(F)		503		507
CSMC, Ser 2009-2R, Cl 1A16
3.077%, 09/26/2034 (E)(F)		841		852
CSMC, Ser 2010-3R, Cl 2A3
4.500%, 12/26/2036 (E)(F)		770		786
CSMC, Ser 2014-7R, Cl 8A1
2.862%, 07/27/2037 (E)(F)		642		643
CSMC, Ser 2015-5R, Cl 1A1
1.066%, 09/27/2046 (F)		750		730
CSMC, Ser 2016-BDWN, Cl B
5.489%, 02/15/2029 (E)(F)		370		371
DBJPM Mortgage Trust, Ser 2017-C6, Cl A5
3.328%, 06/10/2027		126		129
DBJPM Mortgage Trust, Ser 2017-C6, Cl ASB
3.121%, 02/10/2027		150		153
DBUBS Mortgage Trust, Ser 2011-LC2A, Cl A4
4.537%, 07/10/2044 (F)		100		107



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2014-DN1, Cl M2
3.224%, 02/25/2024 (E)	$	544	$	558
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2014-DN2, Cl M2
2.674%, 04/25/2024 (E)		377		382
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2015-DNA2, Cl M2
3.624%, 12/25/2027 (E)		404		413
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2015-DNA3, Cl M2
3.874%, 04/25/2028 (E)		765		791
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2017-DNA1, Cl M1
2.224%, 07/25/2029 (E)		791		801
GE Business Loan Trust, Ser 2007-1A, Cl A
1.159%, 04/16/2035 (E)(F)		109		104
Greenwich Capital Commercial Funding, Ser 2007-GG11, Cl A4
5.736%, 12/10/2049		3		3
GS Mortgage Securities II, Ser 2013-KING, Cl A
2.706%, 12/10/2027 (F)		104		105
GS Mortgage Securities Trust, Ser 2006-GG8, Cl X, IO
0.857%, 11/10/2039 (E)(F)		313		–
GS Mortgage Securities Trust, Ser 2012-GCJ7, Cl AAB
2.935%, 05/10/2045		44		45
GS Mortgage Securities Trust, Ser 2013-GC14, Cl AAB
3.817%, 04/10/2023		811		857
GS Mortgage Securities Trust, Ser 2013-GC16, Cl A2
3.033%, 11/10/2018		204		207
GS Mortgage Securities Trust, Ser 2013-GC16, Cl B
5.161%, 11/10/2046 (E)		90		99
GS Mortgage Securities Trust, Ser 2013-NYC5, Cl A
2.318%, 01/10/2030 (F)		122		122
GS Mortgage Securities Trust, Ser 2016-GS3, Cl AAB
2.777%, 10/10/2049		277		277
GS Mortgage Securities Trust, Ser 2016-GS3, Cl A4
2.850%, 10/10/2049		185		181
GS Mortgage Securities Trust, Ser 2017-GS5, Cl A3
3.409%, 03/10/2050		537		551
GSR Mortgage Loan Trust, Ser 2003-13, Cl 1A1
2.867%, 10/25/2033 (E)		99		100



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
GSR Mortgage Loan Trust, Ser 2004-8F, Cl 2A3
6.000%, 09/25/2034	$	38	$	39
GSR Mortgage Loan Trust, Ser 2007-1F, Cl 2A4
5.500%, 01/25/2037		13		13
Homestar Mortgage Acceptance, Ser 2004-5, Cl A1
1.924%, 10/25/2034 (E)		192		193
Impac Secured Assets Trust, Ser 2004-4, Cl 1A3
2.076%, 02/25/2035 (E)		1,135		1,140
Impac Secured Assets Trust, Ser 2006-2, Cl 2A1
1.374%, 08/25/2036 (E)		29		28
Impac Secured Assets Trust, Ser 2007-A, Cl M1
1.424%, 05/25/2037 (E)(F)		407		378
Impact Funding LLC, Ser 2010-1, Cl A1
5.314%, 01/25/2051 (F)		798		883
JPMBB Commercial Mortgage Securities Trust, Ser 2013-C15, Cl C
5.058%, 11/15/2045 (E)		60		62
JPMBB Commercial Mortgage Securities Trust, Ser 2013-C15, Cl A2
2.977%, 11/15/2045		450		456
JPMBB Commercial Mortgage Securities Trust, Ser 2013-C17, Cl B
4.886%, 01/15/2047 (E)		30		32
JPMBB Commercial Mortgage Securities Trust, Ser 2014-C21, Cl ASB
3.428%, 08/15/2047		228		237
JPMBB Commercial Mortgage Securities Trust, Ser 2014-C21, Cl A5
3.775%, 08/15/2047		555		583
JPMBB Commercial Mortgage Securities Trust, Ser 2014-C22, Cl C
4.560%, 09/15/2047 (E)		120		120
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C28, Cl A2
2.773%, 10/15/2048		226		230
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C28, Cl A4
3.227%, 10/15/2048		403		407
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C28, Cl A3
2.912%, 10/15/2048		1,434		1,428
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C30, Cl ASB
3.559%, 07/15/2048		343		359
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C30, Cl AS
4.226%, 07/15/2048 (E)		270		285
JPMBB Commercial Mortgage Securities Trust, Ser 2016-C1, Cl ASB
3.316%, 03/15/2049		366		378



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
JPMCC Commercial Mortgage Securities Trust, Ser 2017-JP6, Cl ASB
3.283%, 07/15/2050	$	282	$	290
JPMDB Commercial Mortgage Securities Trust, Ser 2017-C5, Cl B
4.009%, 02/15/2027 (E)		740		762
JPMDB Commercial Mortgage Securities Trust, Ser 2017-C5, Cl C
4.512%, 02/15/2027 (E)		970		1,001
JPMDB Commercial Mortgage Securities Trust, Ser 2017-C5, Cl ASB
3.492%, 10/15/2026		100		104
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2004-LN2, Cl A2
5.115%, 07/15/2041		–		–
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2006-CB15, Cl X1, IO
0.271%, 06/12/2043 (E)		1,928		2
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2006-LDP9, Cl A3SF
1.144%, 05/15/2047 (E)		44		44
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2010-C2, Cl A2
3.616%, 11/15/2043 (F)		118		119
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2010-CNTR, Cl A2
4.311%, 08/05/2032 (F)		789		822
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2010-CNTR, Cl A1
3.300%, 08/05/2032 (F)		57		57
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2011-C3, Cl A4
4.717%, 02/16/2046 (F)		246		263
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2011-C4, Cl A3
4.106%, 07/15/2046 (F)		1,585		1,612
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2011-C5, Cl B
5.408%, 08/15/2046 (E)(F)		296		324
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2012-LC9, Cl A2
1.677%, 12/15/2047		46		46
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2013-C13, Cl A2
2.665%, 01/15/2046		817		825
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2014-C20, Cl A2
2.872%, 07/15/2047		214		218
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2014-C20, Cl A5
3.805%, 07/15/2047		2,502		2,634



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2015-C31, Cl A3
3.801%, 08/15/2048	$	570	$	597
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2015-JP1, Cl ASB
3.733%, 01/15/2049		74		78
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2016-JP2, Cl ASB
2.713%, 09/15/2025		292		291
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2016-JP2, Cl A1
1.324%, 08/15/2049		222		219
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2016-JP3, Cl A5
2.870%, 08/15/2026		840		823
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2017-JP5, Cl ASB
3.549%, 11/15/2026		1,059		1,107
JPMorgan Mortgage Trust, Ser 2006-A2, Cl 4A1
3.270%, 08/25/2034 (E)		133		134
JPMorgan Mortgage Trust, Ser 2006-A2, Cl 5A3
3.114%, 11/25/2033 (E)		65		66
JPMorgan Trust, Ser 2015-5, Cl A9
2.873%, 05/25/2045 (E)(F)		325		325
LB-UBS Commercial Mortgage Trust, Ser 2006- C1, Cl XCL, IO
0.246%, 02/15/2041 (E)(F)		1,130		–
Liberty Street Trust, Ser 2016-225L, Cl A
3.597%, 02/10/2036 (F)		310		320
Master Resecuritization Trust, Ser 2005-PO, Cl 3PO, PO
0.000%, 05/28/2035 (A)(F)		9		7
Merrill Lynch Mortgage Investors Trust, Ser 2003-A4, Cl 2A
3.323%, 07/25/2033 (E)		20		20
Merrill Lynch Mortgage Investors Trust, Ser 2004-A1, Cl 4A
3.625%, 02/25/2034 (E)		47		47
Merrill Lynch/Countrywide Commercial Mortgage Trust, Ser 2006-4, Cl XC, IO
0.658%, 12/12/2049 (E)(F)		127		–
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2012-C6, Cl A2
1.868%, 11/15/2045		74		73
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2012-C6, Cl B
3.930%, 11/15/2045		390		400
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2013-C10, Cl A2
2.964%, 06/15/2018		104		104



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2013-C9, Cl A2
1.970%, 05/15/2046	$	34	$	34
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2013-C9, Cl AS
3.456%, 05/15/2046		80		82
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2015-C25, Cl A5
3.635%, 09/15/2025		250		260
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2015-C27, Cl A4
3.753%, 12/15/2047		447		468
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2016-C32, Cl A4
3.720%, 12/15/2026		290		304
Morgan Stanley Capital I Trust, Ser 2005-HE5, Cl M1
1.654%, 09/25/2035 (E)		66		66
Morgan Stanley Capital I Trust, Ser 2007-HQ11, Cl X, IO
0.307%, 02/12/2044 (E)(F)		1,233		13
Morgan Stanley Capital I Trust, Ser 2013-WLSR, Cl A
2.695%, 01/11/2032 (F)		460		463
Morgan Stanley Capital I Trust, Ser 2014-MP, Cl A
3.469%, 08/11/2021 (F)		440		458
Morgan Stanley Capital I Trust, Ser 2015-420, Cl A
3.727%, 10/11/2024 (F)		440		458
Morgan Stanley Capital I Trust, Ser 2016-BNK2, Cl XA, IO
1.124%, 11/15/2049 (E)		3,504		254
Morgan Stanley Capital I Trust, Ser 2016-UB11, Cl ASB
2.606%, 01/15/2021		210		208
Morgan Stanley Capital I Trust, Ser 2016-UB11, Cl A1
1.445%, 04/15/2021		403		398
Morgan Stanley Capital I Trust, Ser 2016-UBS9, Cl A1
1.711%, 03/15/2049		222		219
Mortgage Repurchase Agreement Financing Trust, Ser 2016-4, Cl A1
2.317%, 05/10/2019 (E)(F)		760		758
MSCG Trust, Ser 2015-ALDR, Cl A2
3.577%, 06/07/2035 (E)(F)		250		249
MSCG Trust, Ser 2016-SNR, Cl C
5.205%, 11/13/2021 (F)		300		302
Nomura Asset Acceptance Alternative Loan Trust, Ser 2007-1, Cl 1A3
5.957%, 03/25/2047		133		132



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Nomura Asset Acceptance Alternative Loan Trust, Ser 2007-1, Cl 1A4
6.138%, 03/25/2047	$	109	$	108
Nomura Resecuritization Trust, Ser 2015-4R, Cl 3A1
2.475%, 01/26/2036 (E)(F)		259		260
Prime Mortgage Trust, Ser 2004-CL1, Cl 1PO, PO
0.000%, 02/25/2034 (A)		8		6
Prime Mortgage Trust, Ser 2004-CL1, Cl 1A1
6.000%, 02/25/2034		32		33
RAMP Trust, Ser 2004-SL1, Cl A8
6.500%, 11/25/2031		225		237
RBSCF Trust, Ser 2013-GSP, Cl A
3.834%, 01/13/2032 (E)(F)		280		296
Residential Accredit Loans, Ser 2004-QA7, Cl A4
5.500%, 05/25/2034		184		186
Residential Asset Securitization Trust, Ser 2004-IP2, Cl 2A1
3.259%, 12/25/2034 (E)		280		280
SFAVE Commercial Mortgage Securities Trust, Ser 2015-5AVE, Cl A1
3.872%, 01/05/2035 (E)(F)		390		386
Springleaf Mortgage Loan Trust, Ser 2013-2A, Cl A
1.780%, 12/25/2065 (E)(F)		154		154
Structured Asset Securities Mortgage Pass-Through Certificates, Ser 2002-AL1, Cl A2
3.450%, 02/25/2032		42		41
Structured Asset Securities Mortgage Pass-Through Certificates, Ser 2003-24A, Cl 3A2
3.257%, 07/25/2033 (E)		112		112
Structured Asset Securities Mortgage Pass-Through Certificates, Ser 2003-37A, Cl 2A
3.019%, 12/25/2033 (E)		34		34
Structured Asset Securities Mortgage Pass-Through Certificates, Ser 2004-5H, Cl A4
5.540%, 12/25/2033		114		116
UBS Commercial Mortgage Trust, Ser 2012-C1, Cl XA, IO
2.087%, 05/10/2045 (E)(F)		2,706		220
UBS-Barclays Commercial Mortgage Trust, Ser 2012-C2, Cl A2
2.113%, 05/10/2063		12		12
UBS-Barclays Commercial Mortgage Trust, Ser 2012-C4, Cl A2
1.712%, 12/10/2017		274		274
VNO Mortgage Trust, Ser 2012-6AVE, Cl A
2.996%, 11/15/2030 (F)		335		342
VNO Mortgage Trust, Ser 2013-PENN, Cl A
3.808%, 12/13/2029 (F)		705		738



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
WaMu Mortgage Pass-Through Certificates, Ser 2003-AR10, Cl A7
2.838%, 10/25/2033 (E)	$	86	$	87
WaMu Mortgage Pass-Through Certificates, Ser 2003-AR7, Cl A7
2.681%, 08/25/2033 (E)		43		44
WaMu Mortgage Pass-Through Certificates, Ser 2003-AR8, Cl A
2.692%, 08/25/2033 (E)		25		25
WaMu Mortgage Pass-Through Certificates, Ser 2003-AR9, Cl 1A6
2.791%, 09/25/2033 (E)		76		77
WaMu Mortgage Pass-Through Certificates, Ser 2003-S4, Cl 2A10
14.118%, 06/25/2033 (E)		11		13
WaMu Mortgage Pass-Through Certificates, Ser 2003-S9, Cl A8
5.250%, 10/25/2033		167		173
WaMu Mortgage Pass-Through Certificates, Ser 2004-AR3, Cl A2
3.130%, 06/25/2034 (E)		52		53
WaMu Mortgage Pass-Through Certificates, Ser 2004-RA4, Cl 3A
7.500%, 07/25/2034		147		158
WaMu Mortgage Pass-Through Certificates, Ser 2005-AR13, Cl A1A3
1.804%, 10/25/2045 (E)		649		676
Wells Fargo Commercial Mortgage Trust, Ser 2016-C35, Cl C
4.176%, 07/15/2026 (E)		330		328
Wells Fargo Commercial Mortgage Trust, Ser 2016-C36, Cl XA
1.374%, 11/15/2059 (E)		5,744		514
Wells Fargo Commercial Mortgage Trust, Ser 2016-C36, Cl A4
3.065%, 11/15/2059		530		526
Wells Fargo Mortgage-Backed Securities Trust, Ser 2004-E, Cl A2
3.321%, 05/25/2034 (E)		13		13
Wells Fargo Mortgage-Backed Securities Trust, Ser 2004-EE, Cl 2A1
3.123%, 12/25/2034 (E)		61		62
Wells Fargo Mortgage-Backed Securities Trust, Ser 2004-H, Cl A1
3.188%, 06/25/2034 (E)		128		130
Wells Fargo Mortgage-Backed Securities Trust, Ser 2004-I, Cl 1A1
3.178%, 07/25/2034 (E)		79		80
Wells Fargo Mortgage-Backed Securities Trust, Ser 2005-AR8, Cl 2A1
3.217%, 06/25/2035 (E)		60		62



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Wells Fargo Mortgage-Backed Securities Trust, Ser 2006-AR8, Cl 3A1
3.173%, 04/25/2036 (E)	$	595	$	596
WFRBS Commercial Mortgage Trust, Ser 2012-C10, Cl XA, IO
1.648%, 12/15/2045 (E)(F)		1,545		103
WFRBS Commercial Mortgage Trust, Ser 2012-C7, Cl XA, IO
1.477%, 06/15/2045 (E)(F)		356		20
WFRBS Commercial Mortgage Trust, Ser 2013-C13, Cl XA, IO
1.365%, 05/15/2045 (E)(F)		1,088		58
WFRBS Commercial Mortgage Trust, Ser 2014-C20, Cl XA, IO
1.157%, 01/15/2024		3,064		159
WFRBS Commercial Mortgage Trust, Ser 2014-C21, Cl B
4.213%, 08/15/2047 (E)		300		312

				64,579

Total Mortgage-Backed Securities (Cost $531,074) ($ Thousands)				529,809

CORPORATE OBLIGATIONS — 26.6%

Consumer Discretionary — 1.7%
21st Century Fox America
7.250%, 05/18/2018		1,020		1,067
6.900%, 08/15/2039		10		13
6.750%, 01/09/2038		20		26
6.650%, 11/15/2037		25		33
6.150%, 03/01/2037		20		25
6.150%, 02/15/2041		15		19
Amazon.com
4.950%, 12/05/2044		140		165
American Honda Finance MTN
3.875%, 09/21/2020 (F)		495		521
AutoZone
3.750%, 06/01/2027		505		505
BMW US Capital
2.150%, 04/06/2020 (F)		635		638
CBS
3.375%, 02/15/2028		385		377
2.500%, 02/15/2023		770		763
Charter Communications Operating
6.484%, 10/23/2045		250		300
6.384%, 10/23/2035		10		12
5.375%, 05/01/2047 (F)		310		328
4.908%, 07/23/2025		720		778
4.464%, 07/23/2022		810		863
Comcast
7.050%, 03/15/2033		90		123



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
4.400%, 08/15/2035	$	875	$	941
4.200%, 08/15/2034		20		21
3.400%, 07/15/2046		130		118
2.350%, 01/15/2027 (D)		325		305
Comcast Cable Communications Holdings
9.455%, 11/15/2022		180		241
Comcast Cable Holdings
10.125%, 04/15/2022		45		57
Daimler Finance North America
2.300%, 01/06/2020 (F)		690		692
Daimler Finance North America LLC
2.375%, 08/01/2018 (F)		990		996
Discovery Communications
4.950%, 05/15/2042		135		126
4.900%, 03/11/2026 (D)		230		244
4.875%, 04/01/2043		270		252
ERAC USA Finance (F)
4.500%, 02/15/2045		110		109
3.300%, 12/01/2026 (D)		910		886
2.700%, 11/01/2023		155		151
Ford Motor (D)
5.291%, 12/08/2046		540		554
4.346%, 12/08/2026		555		572
Ford Motor Credit
5.875%, 08/02/2021		350		390
3.810%, 01/09/2024		880		891
3.339%, 03/28/2022		610		619
2.597%, 11/04/2019		700		705
Ford Motor Credit LLC
2.375%, 03/12/2019		200		201
1.684%, 09/08/2017		200		200
General Motors
6.750%, 04/01/2046		624		740
6.250%, 10/02/2043		160		178
4.875%, 10/02/2023		315		337
General Motors Financial
4.350%, 01/17/2027 (D)		1,005		1,017
3.950%, 04/13/2024 (D)		1,040		1,055
3.450%, 04/10/2022		30		31
3.200%, 07/13/2020		118		120
3.150%, 06/30/2022		775		776
Grupo Televisa
6.125%, 01/31/2046		210		233
5.000%, 05/13/2045		225		217
Historic TW
6.625%, 05/15/2029		122		153
Home Depot
4.250%, 04/01/2046		48		52
3.750%, 02/15/2024		66		70
Hyundai Capital America MTN
2.400%, 10/30/2018 (F)		38		38



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
McDonald's MTN
5.350%, 03/01/2018	$	100	$	102
4.875%, 12/09/2045		670		747
3.700%, 01/30/2026		140		145
3.500%, 03/01/2027		120		122
2.750%, 12/09/2020		305		311
NBCUniversal Enterprise
1.974%, 04/15/2019 (F)		200		201
NBCUniversal Media
5.950%, 04/01/2041		50		64
NBCUniversal Media LLC
4.450%, 01/15/2043		85		90
Newell Brands
4.200%, 04/01/2026		120		127
3.850%, 04/01/2023		130		137
3.150%, 04/01/2021		60		61
QVC
5.950%, 03/15/2043		10		10
Time Warner
7.570%, 02/01/2024		30		37
5.375%, 10/15/2041		302		330
4.850%, 07/15/2045		55		57
3.800%, 02/15/2027		1,740		1,752
3.550%, 06/01/2024		385		390
Time Warner Cable
8.250%, 04/01/2019		200		221
7.300%, 07/01/2038		110		141
6.750%, 07/01/2018		40		42
6.550%, 05/01/2037		245		292
5.875%, 11/15/2040		130		145
5.500%, 09/01/2041		44		47
5.000%, 02/01/2020		320		341
TJX
2.250%, 09/15/2026		120		111
Toyota Motor Credit MTN
2.600%, 01/11/2022		1,060		1,071
2.100%, 01/17/2019		174		175
1.250%, 10/05/2017		250		250
Viacom
4.850%, 12/15/2034		307		305
4.375%, 03/15/2043		420		373
4.250%, 09/01/2023		30		31
3.875%, 04/01/2024		30		31
WPP Finance
5.125%, 09/07/2042		60		64
				29,167

Consumer Staples — 2.1%
Altria Group
5.375%, 01/31/2044		30		36
4.750%, 05/05/2021		180		197
2.850%, 08/09/2022		530		538



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Anheuser-Busch InBev Finance
4.900%, 02/01/2046 (D)	$	1,622	$	1,831
3.650%, 02/01/2026		2,168		2,233
3.300%, 02/01/2023 (D)		2,350		2,420
2.650%, 02/01/2021		1,420		1,439
Anheuser-Busch InBev Worldwide
7.750%, 01/15/2019		18		20
3.750%, 07/15/2042		230		223
2.500%, 07/15/2022		420		419
1.375%, 07/15/2017		105		105
Coca-Cola Femsa
2.375%, 11/26/2018		728		732
Costco Wholesale
3.000%, 05/18/2027		865		863
2.750%, 05/18/2024		745		745
2.300%, 05/18/2022		860		858
2.250%, 02/15/2022		56		56
2.150%, 05/18/2021		1,230		1,230
CVS Health
5.125%, 07/20/2045 (D)		535		613
3.875%, 07/20/2025		249		259
3.500%, 07/20/2022		110		114
2.750%, 12/01/2022		510		511
CVS Pass-Through Trust
5.926%, 01/10/2034 (F)		83		95
Danone (F)
2.947%, 11/02/2026		500		483
2.589%, 11/02/2023		330		322
2.077%, 11/02/2021		230		227
Diageo Investment
2.875%, 05/11/2022		580		594
Kraft Heinz Foods
6.875%, 01/26/2039		49		63
6.500%, 02/09/2040		140		175
6.125%, 08/23/2018		225		236
5.375%, 02/10/2020		16		17
5.200%, 07/15/2045		450		487
5.000%, 07/15/2035		70		76
5.000%, 06/04/2042		65		69
4.375%, 06/01/2046		1,120		1,097
3.950%, 07/15/2025		370		380
3.500%, 06/06/2022		620		640
3.500%, 07/15/2022		645		665
3.000%, 06/01/2026		715		684
2.800%, 07/02/2020		940		954
Kroger
2.950%, 11/01/2021		525		529
Mondelez International Holdings Netherlands BV (F)
2.000%, 10/28/2021		2,105		2,050
1.625%, 10/28/2019		1,395		1,381



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
PepsiCo
4.250%, 10/22/2044	$	100	$	106
4.000%, 03/05/2042		50		51
3.100%, 07/17/2022		59		61
3.000%, 08/25/2021		31		32
1.250%, 08/13/2017		72		72
Pernod Ricard
4.450%, 01/15/2022 (F)		370		397
Philip Morris International
4.500%, 03/20/2042		70		74
2.500%, 08/22/2022		250		250
2.000%, 02/21/2020		1,280		1,283
Reckitt Benckiser Treasury Services
2.750%, 06/26/2024 (F)		1,430		1,418
Reynolds American
8.125%, 06/23/2019		370		413
5.850%, 08/15/2045 (D)		825		1,010
3.250%, 06/12/2020		54		56
Walgreens Boots Alliance
4.800%, 11/18/2044		630		670
3.450%, 06/01/2026		1,595		1,592
3.300%, 11/18/2021		647		667
Wal-Mart Stores
5.625%, 04/15/2041		320		416
4.750%, 10/02/2043		200		235
4.300%, 04/22/2044		1,240		1,373
3.300%, 04/22/2024 (D)		60		63
Wm Wrigley Jr (F)
2.900%, 10/21/2019		190		193
2.400%, 10/21/2018		40		40
				37,138

Energy — 2.5%
Anadarko Finance, Ser B
7.500%, 05/01/2031		60		75
Anadarko Petroleum
6.600%, 03/15/2046		310		383
6.450%, 09/15/2036		110		129
5.550%, 03/15/2026 (D)		766		856
4.500%, 07/15/2044		125		115
Apache
5.100%, 09/01/2040		120		123
4.750%, 04/15/2043		300		301
4.250%, 01/15/2044		445		417
3.250%, 04/15/2022		109		110
BG Energy Capital PLC
4.000%, 10/15/2021 (F)		575		610
BP Capital Markets PLC
3.994%, 09/26/2023		95		101
3.723%, 11/28/2028		95		97
3.588%, 04/14/2027		760		771
3.506%, 03/17/2025		90		92



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
3.245%, 05/06/2022	$	90	$	93
3.216%, 11/28/2023		1,455		1,478
3.119%, 05/04/2026		130		129
3.062%, 03/17/2022		50		51
Canadian Natural Resources
6.450%, 06/30/2033		50		58
3.850%, 06/01/2027		195		193
Cenovus Energy
5.400%, 06/15/2047 (D)(F)		184		172
Chevron
3.191%, 06/24/2023		22		23
2.954%, 05/16/2026		280		278
2.895%, 03/03/2024		1,280		1,290
2.355%, 12/05/2022		15		15
Cimarex Energy
4.375%, 06/01/2024		435		456
3.900%, 05/15/2027		335		337
CNOOC Finance
3.500%, 05/05/2025		840		840
CNOOC Nexen Finance
4.250%, 04/30/2024		200		210
Conoco Funding
7.250%, 10/15/2031		130		174
ConocoPhillips
4.150%, 11/15/2034		460		462
Devon Energy
5.850%, 12/15/2025		450		511
5.600%, 07/15/2041		110		114
5.000%, 06/15/2045		190		192
4.750%, 05/15/2042		17		17
3.250%, 05/15/2022		137		136
Devon Financing LLC
7.875%, 09/30/2031		40		52
Ecopetrol
5.875%, 05/28/2045		420		385
4.125%, 01/16/2025		203		199
Enbridge
3.700%, 07/15/2027		385		385
2.900%, 07/15/2022		566		565
Enbridge Energy Partners
7.375%, 10/15/2045		160		204
5.875%, 10/15/2025		200		228
5.500%, 09/15/2040		275		288
Encana
6.500%, 08/15/2034 (D)		270		308
6.500%, 02/01/2038		435		495
Energy Transfer Partners
8.250%, 11/15/2029		675		868
6.125%, 12/15/2045		295		319
5.150%, 03/15/2045		14		14
2.500%, 06/15/2018		475		477



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Enterprise Products Operating
5.700%, 02/15/2042	$	40	$	47
EOG Resources
4.150%, 01/15/2026		90		95
ExxonMobil
4.114%, 03/01/2046		160		169
3.043%, 03/01/2026		220		222
2.397%, 03/06/2022		100		100
Florida Gas Transmission
7.900%, 05/15/2019 (F)		350		384
Halliburton
5.000%, 11/15/2045		461		491
3.800%, 11/15/2025		190		195
3.500%, 08/01/2023		50		51
Hess
4.300%, 04/01/2027 (D)		–		–
Kerr-McGee
7.875%, 09/15/2031		100		129
6.950%, 07/01/2024		298		349
Kinder Morgan
5.550%, 06/01/2045		255		270
5.000%, 02/15/2021 (F)		960		1,029
4.300%, 06/01/2025		1,485		1,544
Kinder Morgan Energy Partners
5.400%, 09/01/2044		250		252
3.500%, 09/01/2023		45		45
Marathon Petroleum
5.000%, 09/15/2054		275		252
4.750%, 09/15/2044		120		114
Noble Energy
5.250%, 11/15/2043		80		83
5.050%, 11/15/2044 (D)		29		30
4.150%, 12/15/2021		230		242
3.900%, 11/15/2024		150		154
Occidental Petroleum
4.625%, 06/15/2045		130		138
4.400%, 04/15/2046		50		52
4.100%, 02/15/2047		160		159
3.500%, 06/15/2025		45		46
3.000%, 02/15/2027		120		117
2.700%, 02/15/2023		129		129
Petrobras Global Finance
6.850%, 06/05/2115		200		177
6.250%, 03/17/2024		310		316
Petrobras International Finance
5.375%, 01/27/2021		1,060		1,078
Petro-Canada
6.800%, 05/15/2038		380		495
Petrofac
3.400%, 10/10/2018 (F)		250		235
Petroleos Mexicanos
6.625%, 06/15/2035		40		41



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
6.500%, 03/13/2027 (F)	$	335	$	360
6.375%, 01/23/2045		500		487
5.625%, 01/23/2046		442		392
5.500%, 06/27/2044		30		27
4.875%, 01/18/2024		32		32
2.460%, 12/15/2025		565		567
2.378%, 04/15/2025		284		284
Petroleos Mexicanos MTN
6.875%, 08/04/2026		120		133
6.750%, 09/21/2047		375		379
Phillips 66
5.875%, 05/01/2042		35		42
Phillips 66 Partners
4.900%, 10/01/2046		405		399
Plains All American Pipeline
4.650%, 10/15/2025		500		512
Sabine Pass Liquefaction
5.875%, 06/30/2026 (D)		245		274
5.625%, 03/01/2025		500		552
5.000%, 03/15/2027		735		782
4.200%, 03/15/2028 (F)		430		434
Schlumberger
3.000%, 12/21/2020 (F)		1,000		1,018
Schlumberger Holdings
4.000%, 12/21/2025 (F)		120		126
Schlumberger Investment
3.650%, 12/01/2023		61		64
3.300%, 09/14/2021 (F)		47		49
Shell International Finance
4.550%, 08/12/2043		80		86
4.375%, 03/25/2020		140		149
4.375%, 05/11/2045		515		539
4.125%, 05/11/2035		1,536		1,599
4.000%, 05/10/2046		440		435
3.400%, 08/12/2023		930		966
2.875%, 05/10/2026		200		197
2.125%, 05/11/2020		56		56
Sinopec Group Overseas Development
4.375%, 04/10/2024 (F)		380		404
Spectra Energy Partners
5.950%, 09/25/2043		30		34
3.500%, 03/15/2025		400		396
Statoil
5.250%, 04/15/2019		140		148
3.700%, 03/01/2024		210		221
Suncor Energy
3.600%, 12/01/2024		340		348
TC PipeLines
3.900%, 05/25/2027		370		369
Texas Eastern Transmission
2.800%, 10/15/2022 (F)		402		394



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Total Capital International
2.875%, 02/17/2022	$	815	$	830
TransCanada Pipelines
4.625%, 03/01/2034		470		516
Transcontinental Gas Pipe Line
7.850%, 02/01/2026		480		617
Western Gas Partners
5.375%, 06/01/2021		25		27
4.650%, 07/01/2026		40		41
4.000%, 07/01/2022		35		36
Williams
7.875%, 09/01/2021		260		302
Williams Partners
5.100%, 09/15/2045		300		311
3.750%, 06/15/2027		515		510
3.600%, 03/15/2022		1,200		1,226
				43,096

Financials — 9.2%
AIG Global Funding MTN
1.650%, 12/15/2017 (F)		42		42
American Express
7.000%, 03/19/2018		1,170		1,213
American Express Credit MTN
2.375%, 05/26/2020		64		64
2.250%, 08/15/2019		1,135		1,145
1.875%, 11/05/2018		44		44
1.800%, 07/31/2018 (D)		65		65
American International Group
6.250%, 05/01/2036		370		463
4.375%, 01/15/2055		90		87
4.125%, 02/15/2024		107		113
3.900%, 04/01/2026		615		629
3.875%, 01/15/2035		30		29
Aon
6.250%, 09/30/2040		19		24
3.500%, 06/14/2024		65		66
Banco Santander
4.250%, 04/11/2027		595		617
3.500%, 04/11/2022 (D)		450		461
Bank of America
7.625%, 06/01/2019		500		551
6.000%, 09/01/2017		1,565		1,576
5.750%, 12/01/2017		70		71
5.700%, 01/24/2022		5		6
Bank of America MTN
6.875%, 04/25/2018		2,250		2,342
6.400%, 08/28/2017		150		151
5.650%, 05/01/2018		2,950		3,043
5.625%, 07/01/2020		30		33
5.000%, 05/13/2021		180		196
5.000%, 01/21/2044		240		271



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
4.450%, 03/03/2026	$	664	$	691
4.250%, 10/22/2026		47		48
4.244%, 04/24/2038 (E)		805		837
4.200%, 08/26/2024		700		727
4.183%, 11/25/2027		215		219
4.125%, 01/22/2024		290		306
4.100%, 07/24/2023		340		360
4.000%, 04/01/2024		290		304
4.000%, 01/22/2025		683		695
3.950%, 04/21/2025 (D)		123		125
3.875%, 08/01/2025		190		197
3.705%, 04/24/2028 (E)		1,985		2,000
3.500%, 04/19/2026 (D)		1,244		1,248
3.300%, 01/11/2023		1,835		1,871
2.600%, 01/15/2019		160		161
2.503%, 10/21/2022		1,210		1,194
2.250%, 04/21/2020 (D)		100		100
Bank of Montreal MTN
2.375%, 01/25/2019		55		55
1.400%, 09/11/2017		53		53
Bank of New York Mellon
3.550%, 09/23/2021		34		36
3.400%, 05/15/2024		1,175		1,211
Bank of New York Mellon MTN
4.600%, 01/15/2020		40		42
3.250%, 09/11/2024		100		102
3.250%, 05/16/2027		1,415		1,428
2.500%, 04/15/2021		327		330
2.200%, 03/04/2019		425		428
Bank of Nova Scotia
1.850%, 04/14/2020		160		159
Bank of Tokyo-Mitsubishi
4.100%, 09/09/2023 (F)		200		214
Barclays
4.950%, 01/10/2047		370		395
BB&T
5.250%, 11/01/2019		200		214
Bear Stearns
7.250%, 02/01/2018		2,500		2,578
6.400%, 10/02/2017		500		506
Berkshire Hathaway
3.750%, 08/15/2021		500		532
3.400%, 01/31/2022		65		69
Berkshire Hathaway Finance
5.400%, 05/15/2018		110		114
4.400%, 05/15/2042		316		344
BNP Paribas MTN
2.700%, 08/20/2018		380		384
2.375%, 09/14/2017		110		110
BPCE
5.150%, 07/21/2024 (F)		200		214



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Brighthouse Financial (F)
4.700%, 06/22/2047	$	230	$	227
3.700%, 06/22/2027 (D)		640		632
Capital One Financial
4.750%, 07/15/2021		50		54
4.200%, 10/29/2025 (D)		164		165
3.750%, 07/28/2026		395		386
3.750%, 03/09/2027 (D)		230		229
Chubb INA Holdings
4.350%, 11/03/2045		545		597
3.350%, 05/03/2026		70		72
3.150%, 03/15/2025		74		75
2.875%, 11/03/2022		39		40
2.300%, 11/03/2020		50		50
Citibank
2.100%, 06/12/2020		2,110		2,111
Citigroup
8.125%, 07/15/2039		370		568
6.125%, 11/21/2017		1,095		1,114
6.125%, 05/15/2018		2,650		2,748
5.500%, 09/13/2025		200		222
5.300%, 05/06/2044		47		53
4.750%, 05/18/2046		30		31
4.650%, 07/30/2045		336		365
4.500%, 01/14/2022		380		409
4.450%, 09/29/2027		1,375		1,430
4.400%, 06/10/2025		270		281
4.300%, 11/20/2026		60		62
4.281%, 04/24/2048 (E)		460		471
3.887%, 01/10/2028 (D)(E)		69		70
3.700%, 01/12/2026		595		602
3.500%, 05/15/2023		130		132
3.400%, 05/01/2026		260		257
3.300%, 04/27/2025		120		120
3.200%, 10/21/2026		920		895
2.150%, 07/30/2018		71		71
1.800%, 02/05/2018 (D)		1,000		1,001
1.739%, 08/25/2036 (E)		600		512
1.700%, 04/27/2018		160		160
1.550%, 08/14/2017		805		805
CME Group
3.000%, 03/15/2025		51		51
Cooperatieve Rabobank UA
4.625%, 12/01/2023		530		571
4.375%, 08/04/2025		1,000		1,049
Cooperatieve Rabobank UA MTN
3.875%, 02/08/2022		30		32
Credit Agricole
8.375%, 12/31/2049 (E)(F)		170		190
Credit Suisse Group Funding Guernsey
4.875%, 05/15/2045		1,280		1,409



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Discover Bank
2.000%, 02/21/2018	$	1,000	$	1,001
Farmers Exchange Capital
7.200%, 07/15/2048 (F)		1,021		1,298
Fifth Third Bancorp
2.300%, 03/01/2019		30		30
Fifth Third Bank
2.875%, 10/01/2021		200		204
Ford Motor Credit
6.625%, 08/15/2017		500		503
Goldman Sachs Group
6.750%, 10/01/2037		1,467		1,904
6.250%, 02/01/2041		300		392
6.150%, 04/01/2018 (D)		2,530		2,611
5.950%, 01/18/2018		1,250		1,278
5.750%, 01/24/2022		300		338
5.250%, 07/27/2021		400		438
5.150%, 05/22/2045		360		400
4.750%, 10/21/2045		530		586
4.250%, 10/21/2025		600		620
3.750%, 02/25/2026		340		346
3.500%, 11/16/2026		1,380		1,373
2.900%, 07/19/2018		220		223
2.750%, 09/15/2020		600		607
2.625%, 04/25/2021		445		446
2.375%, 01/22/2018		520		522
2.350%, 11/15/2021		930		918
Goldman Sachs Group MTN
7.500%, 02/15/2019		2,025		2,196
6.000%, 06/15/2020		880		971
5.375%, 03/15/2020		950		1,026
4.000%, 03/03/2024		200		209
3.850%, 07/08/2024		121		126
Guardian Life Global Funding
1.950%, 10/27/2021 (F)		780		763
Guardian Life Global Funding MTN
2.000%, 04/26/2021 (F)		700		690
Guardian Life Insurance of America
4.850%, 01/24/2077 (F)		425		450
HBOS PLC MTN
6.750%, 05/21/2018 (F)		200		208
HSBC Bank PLC
4.125%, 08/12/2020 (F)		100		106
HSBC Finance
6.676%, 01/15/2021		850		958
HSBC Holdings PLC
4.875%, 01/14/2022		100		109
4.375%, 11/23/2026		700		726
4.300%, 03/08/2026		1,055		1,118
4.250%, 03/14/2024		370		383
4.250%, 08/18/2025		250		257
4.041%, 03/13/2028 (E)		385		399



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
4.000%, 03/30/2022	$	206	$	217
3.400%, 03/08/2021		890		915
3.262%, 03/13/2023 (E)		1,155		1,177
2.650%, 01/05/2022		1,330		1,327
HSBC USA
2.350%, 03/05/2020		100		101
ING Bank
5.800%, 09/25/2023 (F)		430		486
ING Groep
3.950%, 03/29/2027		490		509
3.150%, 03/29/2022 (D)		565		576
Intercontinental Exchange
4.000%, 10/15/2023		65		70
2.500%, 10/15/2018		85		86
International Lease Finance
7.125%, 09/01/2018 (F)		1,000		1,058
Intesa Sanpaolo MTN
5.017%, 06/26/2024 (F)		510		517
JPMorgan Chase
6.000%, 01/15/2018		1,500		1,534
4.950%, 06/01/2045		30		33
4.500%, 01/24/2022		660		715
4.260%, 02/22/2048 (E)		655		685
4.250%, 10/01/2027		590		615
4.125%, 12/15/2026		520		539
3.900%, 07/15/2025		805		839
3.875%, 09/10/2024		520		536
3.625%, 05/13/2024		230		237
3.625%, 12/01/2027		360		356
3.540%, 05/01/2028 (E)		262		263
3.250%, 09/23/2022		240		246
3.220%, 03/01/2025 (E)		2,000		2,004
3.200%, 01/25/2023		100		102
2.972%, 01/15/2023		1,220		1,234
2.950%, 10/01/2026		1,246		1,203
2.776%, 04/25/2023 (E)		325		326
2.700%, 05/18/2023		1,285		1,271
2.250%, 01/23/2020		905		908
JPMorgan Chase Bank
6.000%, 10/01/2017		2,427		2,452
JPMorgan Chase MTN
2.295%, 08/15/2021 (D)		1,065		1,059
Kemper
4.350%, 02/15/2025		590		596
KKR Group Finance II
5.500%, 02/01/2043 (F)		20		22
Lazard Group LLC
3.750%, 02/13/2025		760		766
Liberty Mutual Insurance
8.500%, 05/15/2025 (F)		100		129
Lloyds Banking Group
3.100%, 07/06/2021		490		498



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Lloyds TSB Bank MTN
5.800%, 01/13/2020 (F)	$	310	$	337
Macquarie Group
6.250%, 01/14/2021 (F)		166		185
Massachusetts Mutual Life Insurance
8.875%, 06/01/2039 (F)		89		146
MetLife
6.400%, 12/15/2036		915		1,057
5.700%, 06/15/2035		15		18
Metropolitan Life Global Funding
1.500%, 01/10/2018 (F)		313		313
Metropolitan Life Global Funding I (F)
3.450%, 12/18/2026		1,225		1,255
2.650%, 04/08/2022		560		562
1.950%, 09/15/2021		755		740
Mizuho Bank
1.800%, 03/26/2018 (F)		200		200
Moody’s
2.625%, 01/15/2023 (F)		515		512
Morgan Stanley
4.375%, 01/22/2047		565		589
3.625%, 01/20/2027		664		669
1.982%, 02/14/2020 (E)		2,250		2,259
Morgan Stanley MTN
7.300%, 05/13/2019		420		459
6.625%, 04/01/2018		3,300		3,417
5.950%, 12/28/2017		200		204
5.625%, 09/23/2019		350		376
3.125%, 07/27/2026		55		54
2.750%, 05/19/2022		1,560		1,560
2.625%, 11/17/2021		3,865		3,859
2.500%, 04/21/2021		450		450
National Australia Bank MTN
2.250%, 05/22/2022		1,075		1,069
National City
6.875%, 05/15/2019		50		54
Nationwide Mutual Insurance
3.536%, 12/15/2024 (E)(F)		760		759
New York Life Global Funding
2.150%, 06/18/2019 (F)		73		73
New York Life Insurance
6.750%, 11/15/2039 (F)		255		358
New York Life Insurance MTN
2.100%, 01/02/2019 (F)		330		332
Nordea Bank
4.875%, 05/13/2021 (F)		250		268
Nordea Bank MTN
1.625%, 05/15/2018 (F)		220		220
Northwestern Mutual Life Insurance
6.063%, 03/30/2040 (F)		680		885
Pipeline Funding
7.500%, 01/15/2030 (F)		438		519



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
PNC Bank
2.550%, 12/09/2021	$	780	$	785
2.250%, 07/02/2019		325		327
PNC Bank MTN
2.400%, 10/18/2019		400		404
Pricoa Global Funding MTN
1.600%, 05/29/2018 (F)		150		150
Protective Life Global Funding
1.722%, 04/15/2019 (F)		870		864
Prudential Financial MTN
5.625%, 05/12/2041		10		12
Royal Bank of Canada
2.000%, 10/01/2018		183		184
1.875%, 02/05/2020		180		179
1.200%, 09/19/2017		140		140
Santander Holdings USA
3.450%, 08/27/2018		230		233
Santander UK Group Holdings
2.875%, 08/05/2021		200		200
Standard Chartered
5.700%, 03/26/2044 (F)		600		682
State Street
4.956%, 03/15/2018		270		276
3.700%, 11/20/2023		138		146
3.300%, 12/16/2024		70		72
Teachers Insurance & Annuity Association of America (F)
6.850%, 12/16/2039		14		19
4.900%, 09/15/2044		440		492
4.270%, 05/15/2047		455		466
Toronto-Dominion Bank
2.250%, 03/15/2021 (F)		1,480		1,478
Toronto-Dominion Bank MTN
1.750%, 07/23/2018		72		72
UBS Group Funding Jersey
2.650%, 02/01/2022 (F)		1,045		1,043
UBS Group Funding Switzerland (F)
4.253%, 03/23/2028		810		846
3.491%, 05/23/2023		1,460		1,494
UBS MTN
1.800%, 03/26/2018		445		446
UniCredit MTN
4.625%, 04/12/2027 (F)		290		305
US Bancorp MTN
3.150%, 04/27/2027		1,590		1,593
2.950%, 07/15/2022		25		25
US Bank
2.125%, 10/28/2019		260		262
Ventas Realty L.P.
2.000%, 02/15/2018		804		805
Visa
4.300%, 12/14/2045		120		132



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
3.150%, 12/14/2025	$	360	$	365
2.800%, 12/14/2022		295		300
2.200%, 12/14/2020		80		81
Wachovia Capital Trust III
5.570%, 12/31/2049 (E)		450		452
Wachovia MTN
5.750%, 02/01/2018		3,140		3,214
WEA Finance (F)
3.750%, 09/17/2024		210		213
3.150%, 04/05/2022		630		633
1.750%, 09/15/2017		1,250		1,250
Wells Fargo
3.000%, 04/22/2026		920		899
3.000%, 10/23/2026		950		925
2.125%, 04/22/2019		70		70
2.100%, 07/26/2021		1,550		1,529
Wells Fargo MTN
4.900%, 11/17/2045		384		419
4.750%, 12/07/2046		200		214
4.650%, 11/04/2044		1		1
4.400%, 06/14/2046		550		557
4.300%, 07/22/2027 (D)		1,083		1,134
4.125%, 08/15/2023		900		952
3.500%, 03/08/2022		430		447
3.450%, 02/13/2023		230		235
3.000%, 01/22/2021		575		587
2.550%, 12/07/2020		46		47
2.150%, 12/06/2019		2,000		2,009
2.150%, 01/30/2020		70		70
1.650%, 01/22/2018		585		585
Westpac Banking
4.875%, 11/19/2019		170		181
				162,421

Health Care — 2.7%
Abbott Laboratories
4.900%, 11/30/2046		320		352
4.750%, 11/30/2036		90		98
3.750%, 11/30/2026		2,285		2,333
3.400%, 11/30/2023		2,165		2,216
AbbVie
4.500%, 05/14/2035		610		643
4.450%, 05/14/2046		615		635
3.600%, 05/14/2025		520		530
3.200%, 11/06/2022		44		45
3.200%, 05/14/2026		415		410
2.900%, 11/06/2022		230		232
2.500%, 05/14/2020		910		921
1.800%, 05/14/2018 (D)		500		501
Actavis
3.250%, 10/01/2022		13		13



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Actavis Funding SCS
4.750%, 03/15/2045	$	14	$	15
4.550%, 03/15/2035		280		299
3.800%, 03/15/2025		1,130		1,169
3.450%, 03/15/2022		395		407
Aetna
2.800%, 06/15/2023		1,800		1,797
2.200%, 03/15/2019		180		181
Amgen
5.150%, 11/15/2041		760		847
4.663%, 06/15/2051		1,319		1,397
4.400%, 05/01/2045		512		526
3.875%, 11/15/2021		150		158
3.625%, 05/22/2024		30		32
2.125%, 05/01/2020		22		22
Anthem
4.650%, 08/15/2044 (D)		650		704
4.625%, 05/15/2042		41		44
3.500%, 08/15/2024		90		93
3.125%, 05/15/2022		468		477
2.300%, 07/15/2018		65		65
1.875%, 01/15/2018		1,100		1,101
AstraZeneca
3.375%, 11/16/2025 (D)		500		511
Baxalta
3.600%, 06/23/2022		912		944
2.875%, 06/23/2020		500		508
Baylor Scott & White Holdings
4.185%, 11/15/2045 (D)		1,000		1,022
Becton Dickinson
4.685%, 12/15/2044		550		567
3.734%, 12/15/2024		70		71
3.700%, 06/06/2027 (D)		525		527
3.363%, 06/06/2024		975		977
2.894%, 06/06/2022 (D)		655		657
2.404%, 06/05/2020 (D)		785		786
Biogen
5.200%, 09/15/2045		345		393
3.625%, 09/15/2022		170		178
Cardinal Health
3.079%, 06/15/2024		130		130
2.616%, 06/15/2022		100		100
Celgene
5.250%, 08/15/2043		40		45
5.000%, 08/15/2045		1,337		1,505
3.875%, 08/15/2025		260		272
3.625%, 05/15/2024		69		72
3.550%, 08/15/2022		60		62
1.900%, 08/15/2017		63		63
Eli Lilly
3.950%, 05/15/2047		195		201
3.100%, 05/15/2027 (D)		435		439



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
2.350%, 05/15/2022	$	215	$	216
EMD Finance
2.400%, 03/19/2020 (F)		950		956
Forest Laboratories
5.000%, 12/15/2021 (F)		35		38
Gilead Sciences
5.650%, 12/01/2041		35		43
4.750%, 03/01/2046		320		351
4.500%, 02/01/2045		10		10
4.150%, 03/01/2047		260		261
3.700%, 04/01/2024		220		229
3.650%, 03/01/2026		150		154
3.250%, 09/01/2022		265		274
2.950%, 03/01/2027 (D)		550		534
GlaxoSmithKline Capital PLC
2.850%, 05/08/2022		170		174
Humana
7.200%, 06/15/2018		1,559		1,637
4.950%, 10/01/2044		10		11
4.800%, 03/15/2047		10		11
4.625%, 12/01/2042		40		43
3.950%, 03/15/2027		20		21
3.850%, 10/01/2024		680		707
3.150%, 12/01/2022		390		397
Johnson & Johnson
4.500%, 12/05/2043		250		289
3.700%, 03/01/2046		170		175
Kaiser Foundation Hospitals
3.150%, 05/01/2027		1,100		1,101
Medtronic
4.625%, 03/15/2045		60		68
4.375%, 03/15/2035		76		83
3.625%, 03/15/2024		590		621
3.500%, 03/15/2025		200		208
3.150%, 03/15/2022		65		67
Medtronic Global Holdings SCA
3.350%, 04/01/2027		190		194
Merck
2.750%, 02/10/2025		100		100
2.400%, 09/15/2022		29		29
New York and Presbyterian Hospital
3.563%, 08/01/2036		730		709
Northwell Healthcare
3.979%, 11/01/2046		550		525
Perrigo Finance Unlimited
4.375%, 03/15/2026		300		309
3.900%, 12/15/2024		265		269
Pfizer
4.000%, 12/15/2036		630		666
Providence St. Joseph Health Obligated Group
2.746%, 10/01/2026		500		479



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
RWJ Barnabas Health
3.949%, 07/01/2046	$	1,395	$	1,373
Shire Acquisitions Investments Ireland
3.200%, 09/23/2026 (D)		925		905
2.875%, 09/23/2023		785		778
1.900%, 09/23/2019		1,000		995
Stryker
4.625%, 03/15/2046		675		737
Teva Pharmaceutical Finance Netherlands III BV
2.800%, 07/21/2023		700		681
1.400%, 07/20/2018		750		748
Thermo Fisher Scientific
3.300%, 02/15/2022		465		480
UnitedHealth Group
4.625%, 07/15/2035		28		31
3.875%, 10/15/2020		180		190
3.750%, 07/15/2025		70		74
3.375%, 11/15/2021		75		78
3.350%, 07/15/2022		28		29
2.875%, 12/15/2021		655		669
2.875%, 03/15/2023		50		51
Wyeth LLC
5.950%, 04/01/2037		130		168
				48,239

Industrials — 1.7%
ABB Finance USA
4.375%, 05/08/2042		30		33
AerCap Ireland Capital
4.500%, 05/15/2021		370		393
Air Lease
3.625%, 04/01/2027 (D)		580		580
2.625%, 07/01/2022		915		907
American Airlines Pass-Through Trust, Ser 2013-2
4.950%, 01/15/2023		761		811
Aviation Capital Group
6.750%, 04/06/2021 (F)		120		136
BAE Systems
4.750%, 10/11/2021 (F)		750		809
Boeing
4.875%, 02/15/2020		210		226
Burlington Northern Santa Fe
7.290%, 06/01/2036		90		128
5.750%, 03/15/2018		950		979
5.400%, 06/01/2041		50		61
4.150%, 04/01/2045		165		172
3.450%, 09/15/2021		91		95
Canadian Pacific Railway
6.125%, 09/15/2115		44		55



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Caterpillar Financial Services MTN
2.750%, 08/20/2021	$	405	$	410
2.100%, 01/10/2020		550		554
Catholic Health Initiatives
4.350%, 11/01/2042		30		27
Cintas No. 2
3.700%, 04/01/2027		140		144
2.900%, 04/01/2022		170		173
Continental Airlines Pass-Through Trust, Ser 1999-2, Cl A-1
7.256%, 03/15/2020		102		109
Continental Airlines Pass-Through Trust, Ser 2000-1, Cl A-1
8.048%, 11/01/2020		153		169
Continental Airlines Pass-Through Trust, Ser 2007-1, Cl A
5.983%, 04/19/2022		604		664
Continental Airlines Pass-Through Trust, Ser 2009-2, Cl A
7.250%, 11/10/2019		130		144
CSX
3.950%, 05/01/2050		21		20
Delta Air Lines Pass-Through Trust, Ser 2007-1, Cl A
6.821%, 08/10/2022		101		115
Delta Air Lines Pass-Through Trust, Ser 2010-1, Cl A
6.200%, 07/02/2018		262		272
Eaton
7.625%, 04/01/2024		75		90
4.150%, 11/02/2042		110		113
2.750%, 11/02/2022		450		452
1.500%, 11/02/2017		60		60
FedEx
4.550%, 04/01/2046		585		614
4.400%, 01/15/2047		370		381
GE Capital International Funding
4.418%, 11/15/2035		1,405		1,529
2.342%, 11/15/2020		695		701
General Electric
4.500%, 03/11/2044		635		706
2.100%, 12/11/2019		30		30
General Electric MTN
6.875%, 01/10/2039		205		297
6.150%, 08/07/2037		254		334
6.000%, 08/07/2019		185		201
5.875%, 01/14/2038		209		271
5.625%, 09/15/2017		100		101
5.500%, 01/08/2020		180		196
5.300%, 02/11/2021		109		121
4.650%, 10/17/2021		140		154
4.625%, 01/07/2021		135		147



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
4.375%, 09/16/2020	$	10	$	11
2.200%, 01/09/2020		43		43
1.662%, 08/15/2036 (E)		850		772
Illinois Tool Works
2.650%, 11/15/2026		280		273
International Lease Finance
8.625%, 01/15/2022		170		209
Lockheed Martin
4.070%, 12/15/2042		91		93
3.550%, 01/15/2026		880		912
3.350%, 09/15/2021		575		598
Mexico City Airport Trust
5.500%, 10/31/2046 (F)		680		688
Northrop Grumman
3.850%, 04/15/2045		231		229
3.250%, 08/01/2023		1,620		1,676
3.200%, 02/01/2027 (D)		785		790
Penske Truck Leasing L.P.
3.400%, 11/15/2026 (F)		680		668
3.375%, 02/01/2022 (D)(F)		431		442
Republic Services
3.800%, 05/15/2018		1,000		1,018
Siemens Financieringsmaatschappij (F)
2.900%, 05/27/2022		1,050		1,071
2.350%, 10/15/2026		555		524
2.200%, 03/16/2020		790		796
Union Pacific
3.000%, 04/15/2027		635		637
United Technologies
8.875%, 11/15/2019		110		128
4.150%, 05/15/2045		59		61
3.750%, 11/01/2046		685		671
1.950%, 11/01/2021		85		84
1.778%, 05/04/2018 (G)		850		851
US Airways Pass-Through Trust, Ser 1998-1A
6.850%, 01/30/2018		123		125
Valmont Industries
5.250%, 10/01/2054		335		322
Wabtec
3.450%, 11/15/2026 (F)		525		518
Waste Management
4.600%, 03/01/2021		90		97
3.500%, 05/15/2024		90		94
				29,085

Information Technology — 1.7%
Analog Devices
3.500%, 12/05/2026		405		408
3.125%, 12/05/2023		540		546
2.500%, 12/05/2021		495		495
Apple
4.650%, 02/23/2046		270		303



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
4.375%, 05/13/2045	$	385	$	416
4.250%, 02/09/2047 (D)		45		48
3.850%, 05/04/2043		740		740
3.450%, 02/09/2045		31		29
3.350%, 02/09/2027		650		665
3.200%, 05/13/2025		64		65
3.200%, 05/11/2027		650		658
3.000%, 02/09/2024		875		888
2.850%, 05/06/2021		113		116
2.850%, 05/11/2024		980		985
2.700%, 05/13/2022		505		514
2.450%, 08/04/2026		730		698
2.300%, 05/11/2022		2,210		2,206
2.150%, 02/09/2022		82		81
1.800%, 05/11/2020 (D)		2,205		2,204
1.422%, 05/03/2018 (E)		69		69
Cisco Systems
1.850%, 09/20/2021		1,920		1,896
1.400%, 09/20/2019		1,375		1,366
Diamond 1 Finance (F)
6.020%, 06/15/2026		700		771
4.420%, 06/15/2021		640		675
3.480%, 06/01/2019		500		511
Fidelity National Information Services
3.625%, 10/15/2020		555		581
2.850%, 10/15/2018		690		698
2.250%, 08/15/2021		395		391
Harris
5.054%, 04/27/2045		80		90
4.854%, 04/27/2035		80		87
Hewlett Packard Enterprise
6.350%, 10/15/2045		590		623
4.900%, 10/15/2025		225		236
Intel
3.700%, 07/29/2025		83		87
3.300%, 10/01/2021		35		37
3.100%, 07/29/2022		35		36
Mastercard
3.375%, 04/01/2024		250		261
Microsoft
4.750%, 11/03/2055		43		49
4.500%, 02/06/2057		220		242
4.250%, 02/06/2047		215		233
4.100%, 02/06/2037		746		804
4.000%, 02/12/2055		24		24
3.950%, 08/08/2056		140		140
3.750%, 02/12/2045		330		328
3.700%, 08/08/2046		660		653
3.625%, 12/15/2023		89		94
3.500%, 02/12/2035		452		456
3.450%, 08/08/2036		235		235
3.300%, 02/06/2027		550		567



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
2.875%, 02/06/2024	$	1,140	$	1,159
2.700%, 02/12/2025		90		89
2.400%, 02/06/2022		885		893
2.400%, 08/08/2026		480		462
2.375%, 02/12/2022		20		20
2.375%, 05/01/2023		20		20
2.000%, 08/08/2023		595		580
Oracle
3.900%, 05/15/2035		1,375		1,417
2.400%, 09/15/2023		255		252
1.200%, 10/15/2017		250		250
QUALCOMM
1.850%, 05/20/2019		645		647
TSMC Global
1.625%, 04/03/2018 (F)		460		459
				30,553

Materials — 0.9%
Air Liquide Finance
2.250%, 09/27/2023 (F)		265		257
Amcor Finance USA
3.625%, 04/28/2026 (F)		1,375		1,375
Barrick
5.250%, 04/01/2042		10		11
Barrick Gold
4.100%, 05/01/2023		38		41
Barrick North America Finance
5.750%, 05/01/2043		170		206
5.700%, 05/30/2041		565		669
BHP Billiton Finance USA
6.750%, 10/19/2075 (E)(F)		210		240
5.000%, 09/30/2043 (D)		485		561
4.125%, 02/24/2042		40		41
2.875%, 02/24/2022		24		25
Celulosa Arauco y Constitucion
4.750%, 01/11/2022		170		177
CF Industries (F)
4.500%, 12/01/2026		595		612
3.400%, 12/01/2021		480		485
Dow Chemical
5.250%, 11/15/2041		25		29
3.000%, 11/15/2022		1,320		1,345
Eastman Chemical
2.700%, 01/15/2020		805		816
EI du Pont de Nemours
2.200%, 05/01/2020		320		322
Equate Petrochemical BV MTN
4.250%, 11/03/2026 (F)		370		375
Fibria Overseas Finance
5.500%, 01/17/2027 (D)		440		449
Freeport-McMoRan
4.000%, 11/14/2021		280		274



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Glencore Finance Canada
2.700%, 10/25/2017 (F)	$	250	$	250
Glencore Funding (F)
4.125%, 05/30/2023		200		205
4.000%, 03/27/2027		220		217
International Paper
5.150%, 05/15/2046		535		596
5.000%, 09/15/2035		215		235
OCP
4.500%, 10/22/2025 (F)		290		292
Potash Corp of Saskatchewan
4.000%, 12/15/2026		895		923
Sherwin-Williams
4.500%, 06/01/2047		360		377
3.450%, 06/01/2027		790		795
2.750%, 06/01/2022		1,140		1,140
Southern Copper
5.250%, 11/08/2042		500		497
Teck Resources
6.250%, 07/15/2041		5		5
Vale Overseas
6.875%, 11/21/2036		310		332
6.250%, 08/10/2026 (D)		375		405
5.875%, 06/10/2021 (D)		255		274
Vulcan Materials
4.500%, 06/15/2047 (D)		260		263
				15,116

Real Estate — 0.6%
Alexandria Real Estate Equities
3.950%, 01/15/2027		750		764
2.750%, 01/15/2020		591		595
Boston Properties
5.625%, 11/15/2020		450		494
DDR
4.625%, 07/15/2022		665		696
3.375%, 05/15/2023		605		586
Duke Realty
4.375%, 06/15/2022		50		53
Education Realty Operating Partnership
4.600%, 12/01/2024		505		513
ERP Operating
4.625%, 12/15/2021		64		69
HCP
4.250%, 11/15/2023		580		608
4.000%, 12/01/2022		450		471
3.400%, 02/01/2025		57		56
2.625%, 02/01/2020		28		28
Healthcare Realty Trust
3.875%, 05/01/2025		200		202
3.750%, 04/15/2023		400		407



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Kimco Realty MTN
4.300%, 02/01/2018	$	1,500	$	1,512
Mid-America Apartments
4.300%, 10/15/2023		250		265
4.000%, 11/15/2025		280		290
3.750%, 06/15/2024		585		599
3.600%, 06/01/2027		370		369
Post Apartment Homes
4.750%, 10/15/2017		700		701
Realty Income
3.250%, 10/15/2022		70		71
Regency Centers
3.600%, 02/01/2027		238		236
Simon Property Group
4.375%, 03/01/2021		38		41
Tanger Properties
3.875%, 12/01/2023		315		321
3.750%, 12/01/2024		295		296
Ventas Realty LP
4.125%, 01/15/2026		29		30
Welltower
6.125%, 04/15/2020		525		576
4.500%, 01/15/2024		102		109
				10,958

Telecommunication Services — 1.4%
America Movil
5.625%, 11/15/2017		540		547
AT&T
6.000%, 08/15/2040		925		1,044
5.800%, 02/15/2019		210		223
5.500%, 02/01/2018		100		102
5.450%, 03/01/2047		560		603
5.250%, 03/01/2037		1,635		1,742
5.150%, 03/15/2042		25		25
4.800%, 06/15/2044		240		238
4.750%, 05/15/2046		845		829
4.500%, 03/09/2048		345		323
4.450%, 04/01/2024		645		679
4.350%, 06/15/2045		735		682
4.250%, 03/01/2027		200		207
4.125%, 02/17/2026		500		513
3.950%, 01/15/2025		835		851
3.875%, 08/15/2021		70		73
3.800%, 03/15/2022		400		414
3.400%, 05/15/2025		2,689		2,643
3.000%, 06/30/2022		180		180
Bharti Airtel
4.375%, 06/10/2025 (F)		200		200
British Telecommunications
5.950%, 01/15/2018		200		204



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Nippon Telegraph & Telephone
1.400%, 07/18/2017	$	65	$	65
Sprint Spectrum
3.360%, 09/20/2021 (F)		1,740		1,755
Telefonica Emisiones
5.462%, 02/16/2021		23		25
5.134%, 04/27/2020		362		391
Telefonica Emisiones SAU
5.213%, 03/08/2047		345		373
Verizon Communications
5.500%, 03/16/2047		130		142
5.250%, 03/16/2037		890		957
5.150%, 09/15/2023		780		866
5.050%, 03/15/2034		92		97
4.862%, 08/21/2046		500		500
4.522%, 09/15/2048		1,130		1,069
4.400%, 11/01/2034		1,777		1,761
4.272%, 01/15/2036		520		502
4.125%, 03/16/2027		935		966
4.125%, 08/15/2046		1,120		997
3.850%, 11/01/2042		540		471
2.946%, 03/15/2022 (F)		455		458
2.625%, 08/15/2026		90		83
2.450%, 11/01/2022		90		88
Vodafone Group PLC
2.950%, 02/19/2023		540		543
				24,431

Utilities — 2.1%
AEP Texas Central
6.650%, 02/15/2033		500		634
AEP Texas Central Transition Funding II
5.170%, 01/01/2018		254		256
Alabama Power
2.450%, 03/30/2022		575		577
American Electric Power
1.650%, 12/15/2017		423		423
Appalachian Power
3.300%, 06/01/2027		365		370
Arizona Public Service
2.200%, 01/15/2020		20		20
Berkshire Hathaway Energy
3.750%, 11/15/2023		156		164
Boston Gas
4.487%, 02/15/2042 (F)		35		37
Carolina Power & Light
5.300%, 01/15/2019		175		185
3.000%, 09/15/2021		194		199
2.800%, 05/15/2022		25		25
Cleco Power
6.000%, 12/01/2040		700		851



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Consolidated Edison of New York
4.450%, 03/15/2044	$	690	$	756
Dominion Resources
2.500%, 12/01/2019		385		388
2.000%, 08/15/2021		335		329
1.600%, 08/15/2019		455		451
DTE Energy
1.500%, 10/01/2019		395		389
Duke Energy
3.550%, 09/15/2021		76		79
1.800%, 09/01/2021		515		503
Duke Energy Carolinas
4.300%, 06/15/2020		39		42
4.250%, 12/15/2041		28		30
3.875%, 03/15/2046		240		245
3.750%, 06/01/2045		680		676
2.500%, 03/15/2023		475		476
Duke Energy Florida
3.850%, 11/15/2042		215		215
3.400%, 10/01/2046		225		209
3.200%, 01/15/2027		445		451
Duke Energy Indiana
4.200%, 03/15/2042		30		31
3.750%, 07/15/2020		52		54
Duke Energy Progress
4.100%, 05/15/2042		425		444
Duquesne Light Holdings
6.400%, 09/15/2020 (F)		500		557
Electricite de France
6.000%, 01/22/2114 (F)		300		330
Emera US Finance
2.700%, 06/15/2021		1,102		1,102
Enel Finance International (F)
3.625%, 05/25/2027		865		857
2.875%, 05/25/2022		1,140		1,141
Entergy
5.125%, 09/15/2020		400		431
Exelon
3.950%, 06/15/2025		375		388
FirstEnergy
4.250%, 03/15/2023		340		358
3.900%, 07/15/2027		300		301
2.850%, 07/15/2022 (D)		192		192
2.750%, 03/15/2018		70		70
FirstEnergy, Ser C
7.375%, 11/15/2031		480		632
Georgia Power
4.300%, 03/15/2042		115		118
Great Plains Energy
4.850%, 04/01/2047		230		237
3.900%, 04/01/2027		635		642
3.150%, 04/01/2022		510		515



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Indiana Michigan Power
4.550%, 03/15/2046	$	565	$	618
ITC Holdings
3.650%, 06/15/2024		633		644
Jersey Central Power & Light
7.350%, 02/01/2019		100		108
4.700%, 04/01/2024 (F)		700		759
Kansas City Power & Light
5.300%, 10/01/2041		100		117
KeySpan Gas East (F)
5.819%, 04/01/2041		400		501
2.742%, 08/15/2026		350		338
Metropolitan Edison
3.500%, 03/15/2023 (F)		350		356
MidAmerican Energy
4.800%, 09/15/2043		320		366
4.250%, 05/01/2046		535		573
MidAmerican Energy Holdings
6.500%, 09/15/2037		850		1,141
NextEra Energy Capital Holdings
2.300%, 04/01/2019		500		502
NiSource Finance
5.800%, 02/01/2042		149		179
Oklahoma Gas & Electric
4.150%, 04/01/2047		475		495
Oncor Electric Delivery LLC
6.800%, 09/01/2018		460		486
5.250%, 09/30/2040		250		300
Pacific Gas & Electric
8.250%, 10/15/2018		180		194
6.050%, 03/01/2034		530		684
5.800%, 03/01/2037		70		89
5.625%, 11/30/2017		525		534
5.400%, 01/15/2040		42		52
4.500%, 12/15/2041		48		52
4.450%, 04/15/2042		390		426
3.250%, 09/15/2021		12		12
PECO Energy
4.150%, 10/01/2044		930		970
3.150%, 10/15/2025		600		608
Pennsylvania Electric
5.200%, 04/01/2020		200		211
PPL Electric Utilities
4.150%, 10/01/2045		400		425
Progress Energy
3.150%, 04/01/2022		280		286
Public Service of New Hampshire
3.500%, 11/01/2023		205		214
Sierra Pacific Power
2.600%, 05/01/2026		530		512
Southern
4.400%, 07/01/2046 (D)		315		321



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
2.150%, 09/01/2019	$	855	$	855
Southern California Edison
4.050%, 03/15/2042		5		5
3.500%, 10/01/2023		205		214
Southern Gas Capital
2.450%, 10/01/2023		345		335
Southwestern Electric Power
5.875%, 03/01/2018		345		354
3.900%, 04/01/2045		160		157
State Grid Overseas Investment 2016 MTN (F)
3.500%, 05/04/2027		480		479
2.750%, 05/04/2022		695		692
Texas-New Mexico Power
9.500%, 04/01/2019 (F)		1,100		1,236
Virginia Electric & Power
4.650%, 08/15/2043		630		711
2.950%, 01/15/2022		330		337
2.950%, 11/15/2026		335		331
Westar Energy
3.100%, 04/01/2027		565		564
				36,723
Total Corporate Obligations
(Cost $457,978) ($ Thousands)				466,927

ASSET-BACKED SECURITIES — 10.2%

Automotive — 2.0%

Ally Auto Receivables Trust, Ser 2015-1, Cl A3
1.390%, 09/16/2019		273		273
Ally Auto Receivables Trust, Ser 2015-2, Cl A4
1.840%, 06/15/2020		32		32
Ally Auto Receivables Trust, Ser 2016-1, Cl A2A
1.200%, 08/15/2018		19		19
Ally Auto Receivables Trust, Ser 2016-3, Cl A2
1.190%, 12/17/2018		248		248
Ally Auto Receivables Trust, Ser 2017-1, Cl A4
1.990%, 11/15/2021		244		245
Ally Auto Receivables Trust, Ser 2017-2, Cl A4
2.100%, 03/15/2022		471		472
Ally Auto Receivables Trust, Ser 2017-3, Cl A4
2.010%, 03/15/2022		259		259
Ally Master Owner Trust, Ser 2012-5, Cl A
1.540%, 09/15/2019		495		495
Ally Master Owner Trust, Ser 2017-1, Cl A
1.559%, 02/15/2021 (E)		372		373
Ally Master Owner Trust, Ser 2017-2, Cl A
1.554%, 06/15/2021 (E)		547		547
Ally Master Owner Trust, Ser 2017-3, Cl A1
1.644%, 06/15/2022 (E)		579		579



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Ally Master Owner Trust, Ser 2017-3, Cl A2
2.040%, 06/15/2022	$	876	$	873
Americredit Automobile Receivables Trust, Ser 2016-4, Cl A3
1.530%, 07/08/2021		578		575
Avis Budget Rental Car Funding AESOP, Ser 2014-2A, Cl A
2.500%, 02/20/2021 (F)		1,698		1,694
Avis Budget Rental Car Funding AESOP, Ser 2017-1A, Cl A
3.070%, 09/20/2023 (F)		999		998
Bank of The West Auto Trust, Ser 2014-1, Cl A3
1.090%, 03/15/2019 (F)		32		32
California Republic Auto Receivables Trust, Ser 2015-1, Cl A4
1.820%, 09/15/2020		284		284
California Republic Auto Receivables Trust, Ser 2015-4, Cl A4
2.580%, 06/15/2021 (F)		605		608
California Republic Auto Receivables Trust, Ser 2016-1, Cl A3
1.890%, 05/15/2020		544		545
California Republic Auto Receivables Trust, Ser 2016-1, Cl A4
2.240%, 10/15/2021		970		976
California Republic Auto Receivables Trust, Ser 2016-2, Cl A4
1.830%, 12/15/2021		507		506
California Republic Auto Receivables Trust, Ser 2017-1, Cl A2
1.550%, 11/15/2019		550		549
California Republic Auto Receivables Trust, Ser 2017-1, Cl A3
1.900%, 03/15/2021		550		549
California Republic Auto Receivables Trust, Ser 2017-1, Cl A4
2.280%, 06/15/2022		252		252
Capital Auto Receivables Asset Trust, Ser 2015- 2, Cl A2
1.390%, 09/20/2018		49		49
Capital Auto Receivables Asset Trust, Ser 2015- 2, Cl A3
1.730%, 09/20/2019		343		343
Capital Auto Receivables Asset Trust, Ser 2015- 2, Cl A4
1.970%, 01/21/2020		509		511
Capital Auto Receivables Asset Trust, Ser 2015- 3, Cl A3
1.940%, 01/21/2020		383		384
Capital Auto Receivables Asset Trust, Ser 2015- 4, Cl A2
1.620%, 03/20/2019		230		230



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Capital Auto Receivables Asset Trust, Ser 2015- 4, Cl A4
2.010%, 07/20/2020	$	201	$	202
Capital Auto Receivables Asset Trust, Ser 2016-1, Cl A2A
1.500%, 11/20/2018		127		127
Capital Auto Receivables Asset Trust, Ser 2016-1, Cl A4
1.980%, 10/20/2020		260		261
Capital Auto Receivables Asset Trust, Ser 2016-2, Cl A2A
1.320%, 01/22/2019		81		81
Capital Auto Receivables Asset Trust, Ser 2016-2, Cl A3
1.460%, 06/22/2020		430		429
Capital Auto Receivables Asset Trust, Ser 2016-3, Cl A2A
1.360%, 04/22/2019		174		174
Capital Auto Receivables Asset Trust, Ser 2016-3, Cl A3
1.540%, 08/20/2020		260		260
Capital Auto Receivables Asset Trust, Ser 2016-3, Cl A4
1.690%, 03/20/2021		218		217
Enterprise Fleet Financing, Ser 2017-2, Cl A3
2.200%, 01/20/2023 (F)		694		694
Flagship Credit Auto Trust, Ser 2016-3, Cl A2
2.050%, 11/15/2020 (F)		295		295
Ford Credit Auto Owner Trust, Ser 2014-1, Cl A
2.260%, 11/15/2025 (F)		610		616
Ford Credit Auto Owner Trust, Ser 2015-1, Cl A
2.120%, 07/15/2026 (F)		675		678
Ford Credit Auto Owner Trust, Ser 2015-A, Cl A4
1.640%, 06/15/2020		385		385
Ford Credit Auto Owner Trust, Ser 2017-A, Cl A3
1.670%, 01/15/2020		614		614
Ford Credit Floorplan Master Owner Trust,
Ser 2014-4, Cl A1
1.400%, 08/15/2019		2,755		2,755
Ford Credit Floorplan Master Owner Trust,
Ser 2017-1, Cl A1
2.070%, 05/15/2022		1,110		1,109
Hertz Vehicle Financing II, Ser 2015-1A, Cl A
2.730%, 03/25/2021 (F)		1,610		1,600
Hertz Vehicle Financing II, Ser 2015-3A, Cl A
2.670%, 09/25/2021 (F)		1,158		1,152
Hertz Vehicle Financing, Ser 2013-1A, Cl A2
1.830%, 08/25/2019 (F)		625		623
Hertz Vehicle Financing, Ser 2016-2A, Cl A
2.950%, 03/25/2022 (F)		237		234
Hertz Vehicle Financing, Ser 2016-3A, Cl A
2.270%, 07/25/2020 (F)		573		568



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Hertz Vehicle Financing, Ser 2016-3A, Cl B
3.110%, 07/25/2020 (F)	$	254	$	252
Hertz Vehicle Financing, Ser 2016-4A, Cl A
2.650%, 07/25/2022 (F)		518		508
Honda Auto Receivables Owner Trust, Ser 2014-3, Cl A3
0.880%, 07/15/2017		54		54
Honda Auto Receivables Owner Trust, Ser 2015-1, Cl A4
1.320%, 11/16/2020		428		427
Honda Auto Receivables Owner Trust, Ser 2015-4, Cl A2
0.820%, 07/23/2018		88		88
Honda Auto Receivables Owner Trust, Ser 2016-1, Cl A2
1.010%, 06/18/2018		16		16
Honda Auto Receivables Owner Trust, Ser 2016-2, Cl A2
1.130%, 09/17/2018		350		349
Hyundai Auto Receivables Trust, Ser 2017-A, Cl A4
2.090%, 04/17/2023		329		330
Mercedes-Benz Auto Lease Trust, Ser 2017-A, Cl A3
1.790%, 04/15/2020		1,925		1,927
Nissan Auto Receivables Owner Trust, Ser 2015-C, Cl A2A
0.870%, 11/15/2018		117		117
Nissan Auto Receivables Owner Trust, Ser 2016-C, Cl A2A
1.070%, 05/15/2019		196		195
Santander Drive Auto Receivables Trust, Ser 2016-2, Cl A2A
1.380%, 07/15/2019		166		166
TCF Auto Receivables Owner Trust, Ser 2016- 1A, Cl A2
1.390%, 11/15/2019 (F)		342		342
TCF Auto Receivables Owner Trust, Ser 2016- 1A, Cl A3
1.710%, 04/15/2021 (F)		201		200
TCF Auto Receivables Owner Trust, Ser 2016- 1A, Cl A4
2.030%, 02/15/2022 (F)		150		149
TCF Auto Receivables Owner Trust, Ser 2016-PT1A, Cl A
1.930%, 06/15/2022 (F)		996		995
World Omni Auto Receivables Trust, Ser 2016- B, Cl A3
1.300%, 02/15/2022		497		493
World Omni Auto Receivables Trust, Ser 2017- A, Cl A3
1.930%, 09/15/2022		830		832



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
World Omni Auto Receivables Trust, Ser 2017-A, Cl A4
2.240%, 06/15/2023	$	327	$	327

				34,341

Credit Cards — 1.1%
American Express Credit Account Master Trust, Ser 2017-1, Cl A
1.930%, 09/15/2022		1,279		1,284
American Express Credit Account Master Trust, Ser 2017-4, Cl A
1.640%, 12/15/2021		745		745
BA Credit Card Trust, Ser 2014-A3, Cl A
1.279%, 01/15/2020 (E)		585		585
BA Credit Card Trust, Ser 2015-A1, Cl A
1.319%, 06/15/2020 (E)		465		466
Capital One Multi-Asset Execution Trust, Ser 2007-A7, Cl A7
5.750%, 07/15/2020		265		267
Capital One Multi-Asset Execution Trust, Ser 2014-A5, Cl A5
1.480%, 07/15/2020		4,835		4,836
Capital One Multi-Asset Execution Trust, Ser 2015-A1, Cl A1
1.390%, 01/15/2021		52		52
Capital One Multi-Asset Execution Trust, Ser 2017-A1, Cl A1
2.000%, 01/17/2023		408		409
Chase Issuance Trust, Ser 2014-A6, Cl A6
1.260%, 07/15/2019		295		295
Chase Issuance Trust, Ser 2014-A7, Cl A7
1.380%, 11/15/2019		1,015		1,015
Chase Issuance Trust, Ser 2016-A6, Cl A6
1.100%, 01/15/2020		100		100
Citibank Credit Card Issuance Trust, Ser 2007-A8, Cl A8
5.650%, 09/20/2019		685		691
Citibank Credit Card Issuance Trust, Ser 2013-A4
1.636%, 07/24/2020		1,100		1,104
Discover Card Execution Note Trust, Ser 2017-A5, Cl A5
1.816%, 12/15/2026 (E)		1,115		1,119
Synchrony Credit Card Master Note Trust, Ser 2014-1, Cl A
1.610%, 11/15/2020		446		446
Synchrony Credit Card Master Note Trust, Ser 2015-1, Cl A
2.370%, 03/15/2023		351		355
Synchrony Credit Card Master Note Trust, Ser 2015-4, Cl A
2.380%, 09/15/2023		596		601



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Synchrony Credit Card Master Note Trust, Ser 2016-2, Cl A
2.210%, 05/15/2024	$	586	$	587
Synchrony Credit Card Master Note Trust, Ser 2016-3, Cl A
1.580%, 09/15/2022		109		108
Synchrony Credit Card Master Note Trust, Ser 2017-1, Cl A
0.320%, 06/15/2023		893		890
World Financial Network Credit Card Master Trust, Ser 2012-B, Cl A
1.760%, 05/17/2021		488		488
World Financial Network Credit Card Master Trust, Ser 2014-C, Cl A
1.540%, 08/16/2021		87		87
World Financial Network Credit Card Master Trust, Ser 2016-A, Cl A
2.030%, 04/15/2025		1,113		1,100
World Financial Network Credit Card Master Trust, Ser 2016-B, Cl A
1.440%, 06/15/2022		769		767
World Financial Network Credit Card Master Trust, Ser 2016-C, Cl A
1.720%, 08/15/2023		538		535
World Financial Network Credit Card Master Trust, Ser 2017-A, Cl A
2.120%, 03/15/2024		844		843

				19,775

Mortgage Related Securities — 0.6%
ACE Securities Home Equity Loan Trust, Ser 2006-NC1, Cl A1
1.436%, 12/25/2035 (E)		1,251		1,243
Aegis Asset-Backed Securities Trust, Ser 2003- 3, Cl M1
2.074%, 01/25/2034 (E)		505		467
Aegis Asset-Backed Securities Trust, Ser 2005- 5, Cl 2A
1.466%, 12/25/2035 (E)		1,481		1,466
Ameriquest Mortgage Security Asset-Backed Pass-Through Certificates, Ser 2003-9, Cl AV1
1.784%, 09/25/2033 (E)		133		129
Argent Securities, Ser 2003-W5, Cl M1
2.074%, 10/25/2033 (E)		263		264
Bear Stearns Asset-Backed Securities Trust, Ser 2004-HE10, Cl M1
1.999%, 12/25/2034 (E)		429		417
Bear Stearns Asset-Backed Securities Trust, Ser 2005-SD1, Cl 1A3
1.424%, 08/25/2043 (E)		69		69



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Citifinancial Mortgage Securities, Ser 2004-1, Cl AF4
5.070%, 04/25/2034	$	370	$	381
Contimortgage Home Equity Trust, Ser 1997-2, Cl A9
7.090%, 04/15/2028		–		–
HSBC Home Equity Loan Trust, Ser 2007-3, Cl APT
2.210%, 11/20/2036 (E)		52		52
Morgan Stanley ABS Capital I Trust, Ser 2005-HE1, Cl M1
1.891%, 12/25/2034 (E)		776		758
New Century Home Equity Loan Trust, Ser 2003-A, Cl A
1.744%, 10/25/2033 (E)(F)		147		142
New Century Home Equity Loan Trust, Ser 2005-3, Cl M2
1.514%, 07/25/2035 (E)		1,126		1,124
New Residential Mortgage Loan Trust, Ser 2017-1A, Cl A1
4.000%, 02/25/2057 (E)(F)		2,148		2,227
NovaStar Mortgage Funding Trust, Ser 2004-4, Cl M4
2.866%, 03/25/2035 (E)		107		107
Option One Mortgage Loan Trust, Ser 2005-4, Cl M1
1.464%, 11/25/2035 (E)		1,189		1,179
RAMP Trust, Ser 2005-EFC4, Cl M3
1.696%, 09/25/2035 (E)		790		776
Saxon Asset Securities Trust, Ser 2003-1, Cl AF6
4.795%, 06/25/2033		12		12

				10,813

Other Asset-Backed Securities — 6.5%
Academic Loan Funding Trust, Ser 2012-1A, Cl A1
1.824%, 12/27/2022 (E)(F)		20		20
Airspeed, Ser 2007-1A, Cl G2
1.439%, 06/15/2032 (E)(F)		349		288
Ballyrock CLO, Ser 2014-1A, Cl A1R
2.306%, 10/20/2026 (E)(F)		150		150
Brazos Higher Education Authority, Ser 2010-1, Cl A2
2.389%, 02/25/2035 (E)		850		865
Brazos Higher Education Authority, Ser 2011-2, Cl A3
2.156%, 10/27/2036 (E)		400		401
Business Loan Express Business Loan Trust, Ser 2004-A, Cl A
1.454%, 02/25/2031 (E)(F)		106		102



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Carlyle Global Market Strategies Commodities Funding, Ser 2014-1A, Cl A
2.922%, 10/15/2021 (E)(F)	$	100	$	70
CCG Receivables Trust, Ser 2017-1, Cl A2
3.125%, 06/12/2027 (F)		355		354
Cent 18, Ser 2013-18A, Cl A
2.273%, 07/23/2025 (E)(F)		500		500
Chase Funding Mortgage Loan Asset-Backed Certificates, Ser 2003-6, Cl 1A5
5.120%, 11/25/2034		79		82
Chicago Skyscraper Trust, Ser 2017-SKY, Cl C
2.409%, 02/15/2030 (E)(F)		320		321
CIT Education Loan Trust, Ser 2007-1, Cl A
1.243%, 03/25/2042 (E)(F)		471		442
Countrywide Asset-Backed Certificates, Ser 2004-5, Cl 1A
1.716%, 10/25/2034 (E)		614		602
Countrywide Asset-Backed Certificates, Ser 2004-6, Cl 1A1
1.564%, 12/25/2034 (E)		458		443
Countrywide Asset-Backed Certificates, Ser 2007-4, Cl A4W
5.098%, 04/25/2047		464		455
Countrywide Home Equity Loan Trust, Ser 2006-F, Cl 2A1A
1.129%, 07/15/2036 (E)		744		700
CWHEQ Revolving Home Equity Loan Trust, Ser 2005-D, Cl 2A
1.179%, 11/15/2035 (E)		324		302
DRB Prime Student Loan Trust, Ser 2015-B, Cl A2
3.170%, 07/25/2031 (F)		212		213
Eaton Vance CLO, Ser 2014-1A, Cl AR
2.232%, 07/15/2026 (E)(F)		575		575
Educational Funding of the South, Ser 2011-1, Cl A2
1.806%, 04/25/2035 (E)		268		267
Encore Credit Receivables Trust, Ser 2005-3, Cl M2
1.759%, 10/25/2035 (E)		1,369		1,369
First Franklin Mortgage Loan Asset-Backed Certificates, Ser 2004-FF5, Cl A3C
2.024%, 08/25/2034 (E)		748		727
Flatiron CLO, Ser 2014-1A, Cl A1R
2.018%, 07/17/2026 (E)(F)		500		501
Global SC Finance, Ser 2014-1A, Cl A2
3.090%, 07/17/2029 (F)		298		290
GSAMP Trust, Ser 2006-HE1, Cl A2D
1.334%, 01/25/2036 (E)		1,947		1,937
Higher Education Funding, Ser 2014-1, Cl A
2.102%, 05/25/2034 (E)(F)		455		453



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
JGWPT XXX LLC, Ser 2013-3A, Cl A
4.080%, 01/17/2073 (F)	$	262	$	264
JGWPT XXXI LLC, Ser 2014-1A, Cl A
3.960%, 03/15/2063 (F)		247		251
JGWPT XXXII, Ser 2014-2A, Cl A
3.610%, 01/17/2073 (F)		351		333
JGWPT XXXIII, Ser 2014-3A, Cl A
3.500%, 06/15/2077 (F)		174		167
JPMorgan Chase Acquisition, Ser 2005-OPT1, Cl M1
1.891%, 06/25/2035 (E)		152		152
Lehman Manufactured Housing Contract Trust, Ser 2001-B, Cl A4
5.270%, 04/15/2040		113		115
Magnetite XII, Ser 2016-12A, Cl AR
2.353%, 04/15/2027 (E)(F)		600		603
Mid-State Trust, Ser 2003-11, Cl A1
4.864%, 07/15/2038		673		699
Navient Private Education Loan Trust, Ser 2014-AA, Cl A2A
2.740%, 02/15/2029 (F)		179		181
Navient Private Education Loan Trust, Ser 2014-AA, Cl A3
2.759%, 10/15/2031 (E)(F)		684		697
Navient Private Education Loan Trust, Ser 2014-CTA, Cl A
1.689%, 09/16/2024 (E)(F)		338		338
Navient Private Education Loan Trust, Ser 2015-AA, Cl A2B
2.189%, 12/15/2028 (E)(F)		275		278
Navient Private Education Loan Trust, Ser 2015-CA, Cl B
3.250%, 05/15/2040 (F)		239		242
Navient Private Education Loan Trust, Ser 2016-AA, Cl A2A
3.910%, 12/15/2045 (F)		1,540		1,598
Navient Private Education Loan Trust, Ser 2016-AA, Cl A2B
3.139%, 12/15/2045 (E)(F)		454		471
Navient Student Loan Trust, Ser 2014-1, Cl A3
1.726%, 06/25/2031 (E)		1,580		1,569
Navient Student Loan Trust, Ser 2014-2, Cl A
1.856%, 03/25/2083 (E)		774		762
Navient Student Loan Trust, Ser 2014-3, Cl A
1.644%, 03/25/2083 (E)		783		771
Navient Student Loan Trust, Ser 2014-4, Cl A
1.836%, 03/25/2083 (E)		445		438
Navient Student Loan Trust, Ser 2016-1A, Cl A
1.916%, 02/25/2070 (E)(F)		3,151		3,113
Navient Student Loan Trust, Ser 2016-2, Cl A3
2.716%, 06/25/2065 (E)(F)		1,270		1,306



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Navient Student Loan Trust, Ser 2016-5A, Cl A
2.466%, 06/25/2065 (E)(F)	$	362	$	368
Navient Student Loan Trust, Ser 2016-7A, Cl A
2.366%, 03/25/2066 (E)(F)		706		714
Navient Student Loan Trust, Ser 2017-1A, Cl A2
1.966%, 07/25/2017 (E)(F)		700		706
Navient Student Loan Trust, Ser 2017-1A, Cl A3
2.366%, 07/26/2066 (E)(F)		2,557		2,557
Navient Student Loan Trust, Ser 2017-2A, Cl A
2.074%, 12/27/2066 (E)(F)		1,774		1,784
Navient Student Loan Trust, Ser 2017-3A, Cl A2
1.661%, 07/26/2066 (E)(F)		286		287
Navient Student Loan Trust, Ser 2017-3A, Cl A3
2.111%, 07/26/2066		2,476		2,502
Nelnet Student Loan Trust, Ser 2004-3, Cl A5
1.336%, 10/27/2036 (E)		372		364
Nelnet Student Loan Trust, Ser 2004-4, Cl A5
1.316%, 01/25/2037 (E)		303		299
Nelnet Student Loan Trust, Ser 2005-1, Cl A5
1.266%, 10/25/2033 (E)		696		682
Nelnet Student Loan Trust, Ser 2005-2, Cl A5
1.256%, 03/23/2037 (E)		361		352
Nelnet Student Loan Trust, Ser 2005-3, Cl A5
1.276%, 12/24/2035 (E)		1,422		1,395
Nelnet Student Loan Trust, Ser 2005-4, Cl A4
1.336%, 03/22/2032 (E)		272		262
Nelnet Student Loan Trust, Ser 2006-2, Cl A6
1.158%, 04/25/2031 (E)		1,476		1,478
Nelnet Student Loan Trust, Ser 2007-2A, Cl A3L
1.503%, 03/25/2026 (E)(F)		106		105
Nelnet Student Loan Trust, Ser 2008-3, Cl A4
2.702%, 11/25/2024 (E)		559		572
Nelnet Student Loan Trust, Ser 2010-4A, Cl A
1.824%, 04/25/2046 (E)(F)		86		87
Nelnet Student Loan Trust, Ser 2011-1A, Cl A
1.874%, 02/25/2043 (E)(F)		528		530
Nelnet Student Loan Trust, Ser 2013-1A, Cl A
1.816%, 06/25/2041 (E)(F)		1,238		1,235
Nelnet Student Loan Trust, Ser 2014-2A, Cl A3
1.874%, 07/27/2037 (E)(F)		950		905
Nelnet Student Loan Trust, Ser 2014-4A, Cl A1
1.762%, 11/27/2039 (E)(F)		637		639
Nelnet Student Loan Trust, Ser 2014-4A, Cl A2
1.974%, 11/25/2048 (E)(F)		500		489
Nelnet Student Loan Trust, Ser 2015-2A, Cl A2
1.816%, 09/25/2047 (E)(F)		773		766
Nelnet Student Loan Trust, Ser 2016-1A, Cl A
2.016%, 09/25/2065 (E)(F)		1,078		1,089
North Carolina State Education Assistance Authority, Ser 2011-2, Cl A2
1.838%, 07/25/2025 (E)		278		279



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Ownit Mortgage Loan Trust, Ser 2005-3, Cl A3
2.216%, 06/25/2036 (E)	$	681	$	683
People's Choice Home Loan Securities Trust, Ser 2004-1, Cl M1
1.909%, 06/25/2034 (E)		650		604
RAMP Trust, Ser 2005-EFC5, Cl M1
1.424%, 10/25/2035 (E)		120		119
RAMP Trust, Ser 2006-RZ1, Cl A3
1.324%, 03/25/2036 (E)		8		8
RAMP Trust, Ser 2006-RZ1, Cl M1
1.424%, 03/25/2036 (E)		1,700		1,684
Rosslyn Portfolio Trust, Ser 2017-R17
2.109%, 06/15/2033		330		330
Scholar Funding Trust, Ser 2011-A, Cl A
1.939%, 10/28/2043 (E)(F)		217		215
SLC Student Loan Trust, Ser 2005-3, Cl A4
1.396%, 12/15/2039 (E)		1,240		1,150
SLC Student Loan Trust, Ser 2007-1, Cl A4
1.242%, 05/15/2029 (E)		1,569		1,544
SLM Student Loan Trust, Ser 2003-1, Cl A5C
1.881%, 12/15/2032 (E)(F)		529		516
SLM Student Loan Trust, Ser 2003-10A, Cl A3
1.716%, 12/15/2027 (E)(F)		1,439		1,437
SLM Student Loan Trust, Ser 2004-10, Cl A7A
1.788%, 10/25/2029 (E)(F)		1,196		1,187
SLM Student Loan Trust, Ser 2004-8, Cl B
1.498%, 01/25/2040 (E)		99		92
SLM Student Loan Trust, Ser 2005-4, Cl A3
1.158%, 01/25/2027 (E)		1,020		1,015
SLM Student Loan Trust, Ser 2005-6, Cl A5B
2.238%, 07/27/2026 (E)		53		53
SLM Student Loan Trust, Ser 2005--8, Cl A4
1.706%, 01/25/2028 (E)		1,136		1,143
SLM Student Loan Trust, Ser 2006-2, Cl A6
1.208%, 01/25/2041 (E)		540		518
SLM Student Loan Trust, Ser 2006-3, Cl A5
1.138%, 01/25/2021 (E)		1,031		1,018
SLM Student Loan Trust, Ser 2006-8, Cl A6
1.198%, 01/25/2041 (E)		540		503
SLM Student Loan Trust, Ser 2007-2, Cl A4
1.098%, 07/25/2022 (E)		618		598
SLM Student Loan Trust, Ser 2007-2, Cl B
1.208%, 07/25/2025 (E)		344		297
SLM Student Loan Trust, Ser 2007-6, Cl A4
1.418%, 10/25/2024 (E)		1,239		1,236
SLM Student Loan Trust, Ser 2007-6, Cl B
1.888%, 04/27/2043 (E)		117		111
SLM Student Loan Trust, Ser 2007-7, Cl B
1.788%, 10/25/2028 (E)		250		227
SLM Student Loan Trust, Ser 2008-2, Cl B
2.238%, 01/25/2083 (E)		160		142



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
SLM Student Loan Trust, Ser 2008-3, Cl B
2.238%, 04/26/2083 (E)	$	160	$	149
SLM Student Loan Trust, Ser 2008-4, Cl A4
2.806%, 07/25/2022 (E)		1,120		1,148
SLM Student Loan Trust, Ser 2008-4, Cl B
2.888%, 04/25/2029 (E)		160		155
SLM Student Loan Trust, Ser 2008-5, Cl A4
2.856%, 07/25/2023 (E)		754		774
SLM Student Loan Trust, Ser 2008-5, Cl B
2.888%, 07/25/2073 (E)		160		156
SLM Student Loan Trust, Ser 2008-6, Cl B
2.888%, 07/26/2083 (E)		160		157
SLM Student Loan Trust, Ser 2008-7, Cl B
2.888%, 07/26/2083 (E)		160		159
SLM Student Loan Trust, Ser 2008-8, Cl B
3.288%, 10/25/2075 (E)		160		156
SLM Student Loan Trust, Ser 2008-9, Cl A
2.538%, 04/25/2023 (E)		627		641
SLM Student Loan Trust, Ser 2008-9, Cl B
3.288%, 10/25/2083 (E)		160		162
SLM Student Loan Trust, Ser 2009-3, Cl A
1.966%, 01/25/2045 (E)(F)		832		824
SLM Student Loan Trust, Ser 2010-1, Cl A
1.616%, 03/25/2025 (E)		187		184
SLM Student Loan Trust, Ser 2012-1, Cl A3
2.166%, 09/25/2028 (E)		2,367		2,390
SLM Student Loan Trust, Ser 2012-2, Cl A
1.916%, 01/25/2029 (E)		736		737
SLM Student Loan Trust, Ser 2012-3, Cl A
1.866%, 12/26/2025 (E)		560		562
SLM Student Loan Trust, Ser 2012-6, Cl A3
1.966%, 05/26/2026 (E)		203		202
SLM Student Loan Trust, Ser 2012-6, Cl B
2.216%, 04/27/2043 (E)		249		227
SLM Student Loan Trust, Ser 2012-D, Cl A2
2.950%, 02/15/2046 (F)		185		186
SLM Student Loan Trust, Ser 2013-1, Cl B
3.016%, 11/25/2043 (E)		180		179
SLM Student Loan Trust, Ser 2013-4, Cl A
1.766%, 06/25/2027 (E)		245		245
SLM Student Loan Trust, Ser 2013-6, Cl A3
1.866%, 06/25/2055 (E)		1,284		1,290
SLM Student Loan Trust, Ser 2013-A, Cl A2A
1.770%, 05/17/2027 (F)		144		143
SLM Student Loan Trust, Ser 2013-B, Cl A2A
1.850%, 06/17/2030 (F)		417		418
SLM Student Loan Trust, Ser 2013-B, Cl A2B
2.259%, 06/17/2030 (E)(F)		118		119
SLM Student Loan Trust, Ser 2013-C, Cl A2A
2.940%, 10/15/2031 (F)		270		273
SLM Student Loan Trust, Ser 2013-M1, Cl M1
3.500%, 10/28/2029 (F)		279		273



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
SLM Student Loan Trust, Ser 2014-2, Cl A3
1.806%, 03/25/2055 (E)	$	2,309	$	2,312
SLM Student Loan Trust, Ser 2014-A, Cl A2A
2.590%, 01/15/2026 (F)		421		424
SMB Private Education Loan Trust, Ser 2015-A, Cl A2A
2.490%, 06/15/2027 (F)		593		596
SMB Private Education Loan Trust, Ser 2015-A, Cl A2B
1.989%, 06/15/2027 (E)(F)		634		630
SMB Private Education Loan Trust, Ser 2015-B, Cl A1
1.859%, 02/15/2023 (E)(F)		45		45
SMB Private Education Loan Trust, Ser 2015-B, Cl A2A
2.980%, 07/15/2027 (F)		450		458
SMB Private Education Loan Trust, Ser 2015-B, Cl A2B
2.189%, 07/15/2027 (E)(F)		2,634		2,656
SMB Private Education Loan Trust, Ser 2015-C, Cl A2A
2.750%, 07/15/2027 (F)		585		592
SMB Private Education Loan Trust, Ser 2015-C, Cl A2B
2.389%, 07/15/2027 (E)(F)		438		446
SMB Private Education Loan Trust, Ser 2016-A, Cl A2A
2.700%, 05/15/2031 (F)		1,072		1,075
SMB Private Education Loan Trust, Ser 2016-A, Cl A2B
2.659%, 05/15/2031 (E)(F)		1,927		1,982
SMB Private Education Loan Trust, Ser 2016-B, Cl A2A
2.430%, 02/17/2032 (F)		1,356		1,346
SMB Private Education Loan Trust, Ser 2016-B, Cl A2B
2.609%, 02/17/2032 (E)(F)		1,740		1,790
SMB Private Education Loan Trust, Ser 2016-C, Cl A2A
2.340%, 09/15/2034 (F)		2,608		2,569
SMB Private Education Loan Trust, Ser 2016-C, Cl A2B
2.089%, 09/15/2034 (E)(F)		2,176		2,212
SMB Private Education Loan Trust, Ser 2017-A, Cl A2A
2.880%, 09/15/2034 (F)		1,131		1,138
SMB Private Education Loan Trust, Ser 2017-A, Cl A2B
1.889%, 09/15/2034 (E)(F)		1,508		1,512
SoFi Professional Loan Program, Ser 2016-A, Cl A2
2.760%, 12/26/2036 (F)		859		867



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
SoFi Professional Loan Program, Ser 2016-D, Cl A1
1.974%, 01/25/2039 (E)(F)	$	192	$	194
SoFi Professional Loan Program, Ser 2016-D, Cl A2A
1.530%, 04/25/2033 (F)		256		255
SoFi Professional Loan Program, Ser 2016-E, Cl A1
1.874%, 07/25/2039 (E)(F)		875		877
SoFi Professional Loan Program, Ser 2016-E, Cl A2A
1.630%, 01/25/2036 (F)		330		329
SoFi Professional Loan Program, Ser 2017-A, Cl A1
1.724%, 03/26/2040 (E)(F)		454		456
SoFi Professional Loan Program, Ser 2017-A, Cl A2A
1.550%, 03/26/2040 (F)		931		929
SoFi Professional Loan Program, Ser 2017-A, Cl A2B
2.400%, 03/26/2040 (F)		404		400
Sofi Professional Loan Program, Ser 2017-B, Cl A1FX
1.830%, 05/25/2040 (F)		639		638
SoFi Professional Loan Program, Ser 2017-B, Cl A2FX
2.740%, 05/25/2040 (F)		882		887
SoFi Professional Loan Program, Ser 2017-C, Cl A2B
2.630%, 07/25/2040 (F)		674		671
Structured Asset Investment Loan Trust, Ser 2004-8, Cl A2
1.574%, 09/25/2034 (E)		495		482
Structured Asset Investment Loan Trust, Ser 2005-HE1, Cl M1
1.921%, 07/25/2035 (E)		1,858		1,855
Structured Asset Securities Mortgage Loan Trust, Ser 2005-WF2, Cl A3
1.624%, 05/25/2035 (E)		228		228
Structured Asset Securities Mortgage Loan Trust, Ser 2005-WF4, Cl M2
1.646%, 11/25/2035 (E)		1,097		1,095
Towd Point Mortgage Trust, Ser 2017-1, Cl A1
2.750%, 10/25/2056 (E)(F)		1,496		1,494
United States Small Business Administration, Ser 2015-20D, Cl 1
2.510%, 04/01/2035		61		60
United States Small Business Administration, Ser 2017-20E, Cl 1
2.880%, 05/01/2037		270		271
Verizon Owner Trust, Ser 2016-1A, Cl A
1.420%, 01/20/2021 (F)		265		264



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Verizon Owner Trust, Ser 2017-2A, Cl A
1.920%, 12/20/2021 (F)	$	3,262	$	3,262
VOLT XL LLC, Ser 2015-NP14, Cl A1
4.375%, 11/27/2045 (F)		118		118
Voya CLO, Ser 2013-3A, Cl A1R
2.208%, 01/18/2026 (E)(F)		500		500
Voya CLO, Ser 2014-1A, Cl A1R
2.354%, 04/18/2026 (E)(F)		610		610

				114,087


Total Asset-Backed Securities (Cost $177,864) ($ Thousands)				179,016


SOVEREIGN DEBT — 2.5%
Chile Government International Bond
3.860%, 06/21/2047		320		321
Colombia Government International Bond
5.625%, 02/26/2044		690		754
5.000%, 06/15/2045		830		835
FMS Wertmanagement AoeR
1.000%, 11/21/2017		200		200
Indonesia Government International Bond MTN
4.350%, 01/08/2027 (F)		515		537
3.750%, 04/25/2022 (F)		740		760
3.700%, 01/08/2022 (F)		685		704
Israel Government International Bond
4.500%, 01/30/2043		315		339
Japan Bank for International Cooperation
2.500%, 06/01/2022		606		609
2.250%, 02/24/2020		2,062		2,071
1.875%, 04/20/2021		714		702
1.750%, 05/28/2020		712		704
1.500%, 07/21/2021		2,004		1,938
Japan Treasury Discount Bills(A)(H)
-0.100%, 09/25/2017	JPY	1,170,000		10,415
-0.133%, 08/21/2017		890,000		7,922
Kuwait International Government Bond
3.500%, 03/20/2027 (F)	$	450		460
2.750%, 03/20/2022 (F)		930		933
Mexico Government International Bond MTN
6.050%, 01/11/2040		100		118
5.750%, 10/12/2110		687		713
5.550%, 01/21/2045		1,372		1,537
4.750%, 03/08/2044		1,670		1,672
4.350%, 01/15/2047		492		462
4.150%, 03/28/2027		1,055		1,092
4.000%, 10/02/2023		416		435
3.600%, 01/30/2025		520		526
Peruvian Government International Bond
6.550%, 03/14/2037		50		66
5.625%, 11/18/2050		574		695



Description	Face Amount (Thousands)		Market Value ($ Thousands)

SOVEREIGN DEBT (continued)
Poland Government International Bond
5.000%, 03/23/2022	$	100	$	111
4.000%, 01/22/2024		1,757		1,879
Province of Ontario Canada
1.625%, 01/18/2019		905		905
Province of Quebec Canada
2.625%, 02/13/2023		620		630
Slovenia Government International Bond
5.850%, 05/10/2023 (F)		837		975
5.500%, 10/26/2022 (F)		600		685
5.250%, 02/18/2024 (F)		1,315		1,504


Total Sovereign Debt (Cost $43,831) ($ Thousands)				44,209


U.S. GOVERNMENT AGENCY OBLIGATIONS — 0.7%
FHLB
1.375%, 11/15/2019 (A)		1,370		1,366
FICO STRIPS
0.000%, 05/11/2018 (A)		460		454
FNMA
0.605%, 10/09/2019 (A)		9,735		9,339


Total U.S. Government Agency Obligations (Cost $11,117) ($ Thousands)				11,159


MUNICIPAL BONDS — 0.4%

California — 0.2%
California State, Build America Project, GO
7.600%, 11/01/2040		410		639
6.650%, 03/01/2022		250		293
California State, GO
6.200%, 03/01/2019		300		322
California State, Health Facilities Financing Authority, RB Callable 10/01/2026 @ 100
4.000%, 10/01/2047		700		718
Los Angeles, Community College District, Build America Project, GO
6.750%, 08/01/2049		560		849


				2,821


Massachusetts — 0.1%
Commonwealth of Massachusetts, Ser D, GO
4.500%, 08/01/2031		1,110		1,251



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)

Nevada — 0.0%
Clark County, Airport System Revenue, Build America Project, Ser C, RB
6.820%, 07/01/2045	$	505	$	735


New York — 0.1%
New York and New Jersey, Port Authority, RB 4.458%, 10/01/2062		770		839
New York City, Transitional Finance Authority, Future Tax Secured, RB
5.508%, 08/01/2037		275		344
New York State, Dormitory Authority, RB 5.500%, 03/15/2030		400		475


				1,658


Ohio — 0.0%
Ohio State University, Ser A, RB 4.800%, 06/01/2111		226		232


Texas — 0.0%
North Texas, Tollway Authority, Build America Project, Ser B, RB
6.718%, 01/01/2049 (D)		531		774


Total Municipal Bonds (Cost $6,958) ($ Thousands)				7,471


	Shares

AFFILIATED PARTNERSHIP — 3.6%
SEI Liquidity Fund, L.P.
1.080% **^†(I)		63,134,958		63,118


Total Affiliated Partnership (Cost $63,135) ($ Thousands)				63,118


CASH EQUIVALENT — 4.3%
SEI Daily Income Trust, Government Fund, Cl F
0.760%**^†		76,071,032		76,071


Total Cash Equivalent (Cost $76,071) ($ Thousands)				76,071


Total Investments — 114.5% (Cost $1,999,387) ($ Thousands) @			$	2,010,327


	Contracts

*PURCHASED OPTIONS — 0.0%**
August 2017, U.S. 10 Year Future Option Call,
Expires 07/22/2017,
Strike Price $126.50		71		11



Description	Contracts		Market Value ($ Thousands)

PURCHASED OPTIONS (continued)
August 2017, U.S. 10 Year Future Option Call,
Expires 07/22/2017,
Strike Price $127.50		12	$	–
August 2017, U.S. 10 Year Future Option Call,
Expires 07/22/2017,
Strike Price $126.25		35		8
August 2017, U.S. 10 Year Future Option Call,
Expires 07/22/2017,
Strike Price $127.00		75		6
August 2017, U.S. 10 Year Future Option Put,
Expires 07/22/2017,
Strike Price $125.50		12		6
August 2017, U.S. 10 Year Future Option Put,
Expires 07/22/2017,
Strike Price $125.75		24		15
August 2017, U.S. 10 Year Future Option Put,
Expires 07/22/2017,
Strike Price $126.00		48		37
August 2017, U.S. 5 Year Future Option Call,
Expires 07/22/2017,
Strike Price $118.50		42		3
August 2017, U.S. Bond Future Option Call,
Expires 07/22/2017,
Strike Price $155.00		12		8
August 2017, U.S. Bond Future Option Call,
Expires 07/22/2017,
Strike Price $157.00		22		5
August 2017, U.S. Bond Future Option Call,
Expires 07/22/2017,
Strike Price $158.00		47		7
July 2017, U.S. Long Bond W1 Option Call,
Expires 07/22/2017,
Strike Price $118.50		23		–
June 2017, U.S. Long Bond W5 Option Call,
Expires 07/22/2017,
Strike Price $118.50		59		–
October 2017, U.S. 10 Year Future Option Put,
Expires 09/16/2017,
Strike Price $124.50		5		4
September 2017, Euro FX Future Option Put,
Expires 09/16/2017,
Strike Price $98.63		38		3
September 2017, U.S. 10 Year Future Option
Put, Expires 08/19/2017,
Strike Price $125.50		36		29
September 2017, U.S. 5 Year Future Option
Call, Expires 08/19/2017,
Strike Price $118.75		36		5


Total Purchased Options (Cost $254) ($ Thousands)			$	147



Description	Contracts			Market Value ($ Thousands)

*WRITTEN OPTIONS — 0.0%**
August 2017, U.S. 10 Year Future Option Call,
Expires 07/22/2017
Strike Price $129.00		(58	)	$	(1	)
August 2017, U.S. Bond Future Option Call,
Expires 07/22/2017
Strike Price $159.00		(12	)		(1	)
September 2017, U.S. 10 Year Future Option
Call, Expires 08/19/2017
Strike Price $129.00		(82	)		(5	)
September 2017, U.S. 10 Year Future Option
Call, Expires 08/19/2017
Strike Price $128.00		(70	)		(10	)
September 2017, U.S. Bond Future Option Call,
Expires 08/19/2017
Strike Price $161.00		(20	)		(4	)
September 2017, U.S. Bond Future Option Call,
Expires 08/19/2017
Strike Price $160.00		(35	)		(8	)
September 2017, U.S. Bond Future Option Call,
Expires 08/19/2017
Strike Price $159.00		(14	)		(5	)

Total Written Options (Premiums Received $92) ($ Thousands)				$	(34	)

A list of the open futures contracts held by the Fund at June 30, 2017, is as follows:



Type of Contract	Number of Contracts Long (Short)		Expiration Date		Unrealized Appreciation (Depreciation) ($ Thousands)
90-Day Euro$		120		Dec-2017		$(26)
90-Day Euro$		(156)		Dec-2017		21
90-Day Euro$		(120)		Dec-2018		30
90-Day Euro$		120		Dec-2018		93
90-Day Euro$		(120)		Dec-2019		(113)
90-Day Euro$		(24)		Jun-2018		5
90-Day Euro$		(92)		Sep-2017		–
90-Day Euro$		(24)		Sep-2018		5
U.S. 2-Year Treasury Note		303		Oct-2017		$(89)
U.S. 5-Year Treasury Note		488		Oct-2017		(167)
U.S. 10-Year Treasury Note		1		Dec-2017		(88)
U.S. 10-Year Treasury Note		217		Sep-2017		(32)
U.S. Ultra 10-Year Treasury Note		(66)		Sep-2017		1
U.S. Long Treasury Bond		(271)		Sep-2017		(114)
U.S. Ultra Long Treasury Bond		(113)		Sep-2017		(280)

						$(754)

A list of the open forward foreign currency contracts held by the Fund at June 30, 2017 is as follows:

Settlement

Date

Currency

to Deliver
(Thousands)

Currency

To Receive
(Thousands)

Unrealized
Appreciation
($ Thousands)

08/21/17-09/25/17

JPY

2,060,000

USD

18,578

$182

A list of the counterparties for the outstanding forward foreign currency contracts held by the Fund at June 30, 2017 is as follows:

Counterparty

Currency to
Deliver
($ Thousands)

Currency to
Receive
($ Thousands)

Unrealized
Appreciation
($ Thousands)

Goldman Sachs

$(18,397)

$18,578

$182

A list of outstanding centrally cleared swap contracts held by the Fund at June 30, 2017 is as follows:

Percentages are based on Net Assets of $1,755,732 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of June 30, 2017.

^†	Investment in Affiliated Security.

(A)	Zero coupon security. The rate shown on the Schedule of Investments is the security’s effective yield at the time of purchase.

(B)	The rate reported is the effective yield at the time of purchase.

(C)	Security, or portion thereof, has been pledged as collateral on open futures contracts.

(D)	Certain securities or partial positions of certain securities are on loan at June 30, 2017. The total market value of securities on loan at June 30, 2017 was $61,443 ($ Thousands).

(E)	Variable Rate Security — The rate reported on the Schedule of Investments is the rate in effect as of June 30, 2017.

(F)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On June 30, 2017, the value of these securities amounted to $168,971 ($ Thousands), representing 9.6% of the Net Assets of the Fund.

(G)	Step Bonds – The rate reflected on the Schedule of Investments is the effective yield on June 30, 2017. The coupon on a step bond changes on a specified date.

(H)	Rate is negative due to the decrease in value of the foreign currency against the U.S. Dollar.

(I)	This security was purchased with cash collateral held from securities on loan. The total market value of such securities as of June 30, 2017 was $63,117 ($ Thousands).

ABS – Asset-Backed Security

ACES – Alternative Credit Enhancement Structure

ARM – Adjustable Rate Mortgage

Cl – Class

CLO – Collateralized Loan Obligation

CMO – Collateralized Mortgage Obligation

FHLB – Federal Home Loan Bank

FHLMC – Federal Home Loan Mortgage Corporation

FICO – Financing Corporation

FNMA – Federal National Mortgage Association

GNMA – Government National Mortgage Association

GO – General Obligation

IO – Interest Only – face amount represents notional amount.

JPY – Japanese Yen

LIBOR – London Interbank Offered Rate

LLC – Limited Liability Company

L.P. – Limited Partnership

MTN – Medium Term Note

PLC – Public Limited Company

PO – Principal Only

RB – Revenue Bond

Ser – Series

STRIPS – Separately Traded Registered Interest and Principal Securities

TBA – To Be Announced

USD – United States Dollar

@ At June 30, 2017, the tax basis cost of the Fund’s investments was $1,999,387 ($ Thousands), and the unrealized appreciation and depreciation were $20,890 ($ Thousands) and $(9,950) ($Thousands), respectively.

The following is a list of the levels of inputs used as of June 30, 2017 in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):


Investments in Securities	Level 1			Level 2		Level 3		Total
U.S. Treasury Obligations	$	–		$	632,547	$	–	$	632,547
Mortgage-Backed Securities		–			529,809		–		529,809
Corporate Obligations		–			466,927		–		466,927
Asset-Backed Securities		–			179,016		–		179,016
Sovereign Debt		–			44,209		–		44,209
U.S. Government Agency Obligations		–			11,159		–		11,159
Municipal Bonds		–			7,471		–		7,471
Affiliated Partnership		–			63,118		–		63,118
Cash Equivalent		76,071			–		–		76,071

Total Investments in Securities	$	76,071		$	1,934,256	$	–	$	2,010,327


Other Financial Instruments	Level 1			Level 2		Level 3		Total
Purchased Options	$	147		$	—	$	—	$	147
Written Options		(34	)		—		—		(34	)
Futures Contracts *

Unrealized Appreciation		155			—		—		155
Unrealized Depreciation		(909	)		—		—		(909)
Forwards Contracts *

Unrealized Appreciation		—			182		—		182
Centrally Cleared Swaps
Interest Rate Swaps *
Unrealized Appreciation		—			1,066		—		1,066
Unrealized Depreciation		—			—		—		—

Total Other Financial Instruments	$	(641	)	$	1,248	$	—	$	607

*Futures contracts, forward contracts and swap contracts are valued at the unrealized appreciation/ (depreciation) on the instrument.

For the period ended June 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended June 30, 2017, there were no transfers from Level 2 into Level 3 assets and liabilities.

For the period ended June 30, 2017, there were no Level 3 investments. Amounts designated as “—” are $0 or have been rounded to $0.

The following is a summary of the transactions with affiliates for the period ended June 30, 2017 ($ Thousands):



Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS — 74.8%

Consumer Discretionary — 18.5%
1011778 BC ULC
4.250%, 05/15/2024 (A)	$	3,776	$	3,752
Adelphia Communications (Escrow Security)
10.250%, 06/15/2011 (B)		150		1
9.500%, 02/15/2004 (B)		25		–
7.875%, 01/15/2009 (B)		225		–
Adient Global Holdings
4.875%, 08/15/2026 (A)		2,130		2,135
Altice (A)
7.750%, 05/15/2022		4,407		4,677
7.625%, 02/15/2025		850		932
Altice Financing (A)
7.500%, 05/15/2026		4,922		5,463
6.625%, 02/15/2023		345		366
6.500%, 01/15/2022		300		314
Altice Finco
8.125%, 01/15/2024 (A)		610		663
Altice Finco MTN
7.625%, 02/15/2025 (A)		205		219
Altice US Finance
5.375%, 07/15/2023 (A)		1,946		2,025
AMC Entertainment Holdings
5.875%, 11/15/2026 (A)		921		961
5.750%, 06/15/2025		2,625		2,730
AMC Networks
5.000%, 04/01/2024		1,573		1,611
4.750%, 12/15/2022		2,210		2,280
American Axle & Manufacturing
6.625%, 10/15/2022		440		451
6.500%, 04/01/2027 (A)		660		642
6.250%, 04/01/2025 (A)		540		526
Apex Tool Group
7.000%, 02/01/2021 (A)		1,520		1,414
Aramark Services
4.750%, 06/01/2026		700		726
Ashtead Capital
6.500%, 07/15/2022 (A)		990		1,026
Aventine (Escrow Security)
0.000%, 10/15/2049 (B)(C)(D)		2,750		–
Belo
7.750%, 06/01/2027		1,675		1,859
Block Communications
6.875%, 02/15/2025 (A)		1,422		1,525
Bon-Ton Department Stores
8.000%, 06/15/2021		6,805		2,739
Boyd Gaming
6.375%, 04/01/2026		2,173		2,350
Brookfield Residential Properties
6.375%, 05/15/2025 (A)		458		474
Burger King Worldwide
6.000%, 04/01/2022 (A)		1,080		1,119



Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Caesars Entertainment Operating
9.000%, 02/15/2020 (B)	$	3,654	$	4,709
8.500%, 02/15/2020 (B)		1,239		1,592
CBS Radio
7.250%, 11/01/2024 (A)		180		185
CCM Merger
6.000%, 03/15/2022 (A)		695		712
CCO Holdings
5.875%, 04/01/2024 (A)		1,500		1,601
5.750%, 02/15/2026 (A)		2,340		2,504
5.500%, 05/01/2026 (A)		3,670		3,895
5.375%, 05/01/2025 (A)		2,340		2,492
5.250%, 09/30/2022		250		258
5.125%, 05/01/2027 (A)		3,433		3,510
CEC Entertainment
8.000%, 02/15/2022		1,283		1,338
Cedar Fair
5.375%, 06/01/2024		1,174		1,227
Cengage Learning
9.500%, 06/15/2024 (A)		4,720		4,177
Century Communities
6.875%, 05/15/2022		2,840		2,982
Cequel Communications Holdings I (A)
7.750%, 07/15/2025		895		989
5.125%, 12/15/2021		620		631
Cinemark USA
4.875%, 06/01/2023		500		511
Claire’s Stores
9.000%, 03/15/2019 (A)		1,590		803
8.875%, 03/15/2019		406		41
Clear Channel Communications (Escrow Security)
12.000%, 08/01/2021 (B)		3,515		–
Clear Channel Worldwide Holdings
7.625%, 03/15/2020		3,629		3,606
6.500%, 11/15/2022		3,325		3,410
ClubCorp Club Operations
8.250%, 12/15/2023 (A)		1,670		1,820
Cooper-Standard Automotive
5.625%, 11/15/2026 (A)		430		432
CSC Holdings
10.875%, 10/15/2025 (A)		5,479		6,595
10.125%, 01/15/2023 (A)		2,750		3,190
6.750%, 11/15/2021		1,250		1,385
6.625%, 10/15/2025 (A)		420		462
5.250%, 06/01/2024		2,249		2,294
Cumulus Media Holdings
7.750%, 05/01/2019		4,580		1,259
Dana
5.500%, 12/15/2024		470		488
Dana Financing Luxembourg
SARL 6.500%, 06/01/2026 (A)		145		154



Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Dana Holding
6.000%, 09/15/2023	$	1,000	$	1,042
Diamond Resorts International
10.750%, 09/01/2024 (A)		550		583
DISH DBS
7.750%, 07/01/2026		200		237
5.875%, 07/15/2022		1,366		1,469
5.875%, 11/15/2024		9,994		10,663
5.000%, 03/15/2023		3,240		3,321
ESH Hospitality
5.250%, 05/01/2025 (A)		3,760		3,896
EW Scripps
5.125%, 05/15/2025 (A)		735		757
Fiat Chrysler Automobiles
5.250%, 04/15/2023		410		417
Fontainebleau Las Vegas Holdings
10.250%, 06/15/2015 (A)(B)		3,108		–
Gannett
5.500%, 09/15/2024 (A)		336		346
Goodyear Tire & Rubber
5.125%, 11/15/2023		425		445
Gray Television (A)
5.875%, 07/15/2026		1,065		1,086
5.125%, 10/15/2024		2,400		2,424
Group 1 Automotive
5.250%, 12/15/2023 (A)		775		783
Guitar Center (A)
9.625%, 04/15/2020		5,395		3,237
6.500%, 04/15/2019		1,300		1,129
Hanesbrands (A)
4.875%, 05/15/2026		155		157
4.625%, 05/15/2024		235		239
Harrah’s Operating
11.250%, 06/01/2017 (B)		521		657
Herc Rentals (A)
7.750%, 06/01/2024		706		745
7.500%, 06/01/2022		387		408
Hilton Domestic Operating
4.250%, 09/01/2024 (A)		2,278		2,309
Hilton Grand Vacations Borrower
6.125%, 12/01/2024 (A)		115		125
Hilton Worldwide Finance (A)
4.875%, 04/01/2027		115		120
4.625%, 04/01/2025		230		237
iHeartCommunications
10.625%, 03/15/2023		951		718
9.000%, 12/15/2019		359		282
9.000%, 03/01/2021		2,075		1,556
9.000%, 09/15/2022		2,173		1,608
iHeartCommunications PIK
14.000%, 02/01/2021		4,809		1,034



Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
IHO Verwaltungs GmbH PIK
4.500%, 09/15/2023 (A)	$	510	$	518
Inn of the Mountain Gods Resort & Casino
9.250%, 11/30/2020 (A)(E)		4,420		3,978
International Game Technology (A)
6.500%, 02/15/2025		625		686
6.250%, 02/15/2022		720		787
Interval Acquisition
5.625%, 04/15/2023		620		642
Jack Ohio Finance
6.750%, 11/15/2021 (A)		2,150		2,247
Jacobs Entertainment
7.875%, 02/01/2024 (A)		830		901
JC Penney
6.375%, 10/15/2036		505		363
5.875%, 07/01/2023 (A)		1,964		1,949
KFC Holding (A)
5.000%, 06/01/2024		795		829
4.750%, 06/01/2027		835		853
L Brands
6.950%, 03/01/2033		646		630
6.875%, 11/01/2035		945		912
6.750%, 07/01/2036		2,760		2,649
5.625%, 02/15/2022		1,000		1,070
Landry’s
6.750%, 10/15/2024 (A)		1,969		2,016
Laureate Education
8.250%, 05/01/2025 (A)		1,172		1,257
Lee Enterprises
9.500%, 03/15/2022 (A)		1,300		1,339
Liberty Media LLC
8.250%, 02/01/2030		2,205		2,370
Live Nation Entertainment
4.875%, 11/01/2024 (A)		1,590		1,614
M/I Homes
6.750%, 01/15/2021		1,235		1,294
McClatchy
9.000%, 12/15/2022		1,600		1,656
McGraw-Hill Global Education Holdings
7.875%, 05/15/2024 (A)		162		157
MGM Resorts International
7.750%, 03/15/2022		1,615		1,896
6.000%, 03/15/2023		3,488		3,845
4.625%, 09/01/2026		1,872		1,891
Midcontinent Communications
6.875%, 08/15/2023 (A)		1,893		2,040
Millennium (Escrow Security)
7.625%, 11/15/2026 (B)		175		–
Mohegan Gaming & Entertainment
7.875%, 10/15/2024 (A)		2,424		2,521
Monitronics International
9.125%, 04/01/2020		6,061		5,773



Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Neiman Marcus Group PIK
8.750%, 10/15/2021 (A)	$	675	$	324
Neiman Marcus Group
8.000%, 10/15/2021 (A)		365		202
Netflix
4.375%, 11/15/2026 (A)		967		965
Nexstar Broadcasting (A)
6.125%, 02/15/2022		380		398
5.625%, 08/01/2024		2,603		2,635
Nine West Holdings
8.250%, 03/15/2019 (A)		4,619		1,109
Penn National Gaming
5.625%, 01/15/2027 (A)		1,580		1,610
PetSmart (A)
8.875%, 06/01/2025		500		462
7.125%, 03/15/2023		1,645		1,464
5.875%, 06/01/2025		340		328
Pinnacle Entertainment
5.625%, 05/01/2024 (A)		950		988
PulteGroup
5.000%, 01/15/2027		987		1,013
Quebecor Media
5.750%, 01/15/2023		2,270		2,395
Quebecor Media (Escrow Security)
0.000%, 11/15/2013 (B)(F)		1,725		2
0.000%, 03/15/2016 (B)		1,915		–
QVC
4.450%, 02/15/2025		595		587
Radiate Holdco
6.625%, 02/15/2025 (A)		3,674		3,674
Radio One (A)
9.250%, 02/15/2020		5,731		5,502
7.375%, 04/15/2022		3,022		3,128
Regal Entertainment Group
5.750%, 03/15/2022		340		355
5.750%, 06/15/2023		280		293
Ritchie Bros Auctioneers
5.375%, 01/15/2025 (A)		329		343
Sally Holdings
5.625%, 12/01/2025		1,315		1,346
Scientific Games International
7.000%, 01/01/2022 (A)		1,994		2,124
Seminole Tribe of Florida
6.535%, 10/01/2020 (A)		310		316
Service International
7.500%, 04/01/2027		1,295		1,554
ServiceMaster
5.125%, 11/15/2024 (A)		621		643
SFR Group (A)
7.375%, 05/01/2026		8,144		8,836
6.250%, 05/15/2024		1,991		2,103
6.000%, 05/15/2022		1,805		1,889



Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Silversea Cruise Finance
7.250%, 02/01/2025 (A)	$	2,190	$	2,335
Sinclair Television Group
6.125%, 10/01/2022		795		826
5.625%, 08/01/2024 (A)		840		862
5.125%, 02/15/2027 (A)		3,489		3,375
Sirius XM Radio (A)
6.000%, 07/15/2024		748		795
5.375%, 04/15/2025		4,420		4,569
5.375%, 07/15/2026		2,475		2,562
4.625%, 05/15/2023		730		751
Six Flags Entertainment (A)
5.500%, 04/15/2027		625		644
4.875%, 07/31/2024		3,203		3,222
Sugarhouse HSP Gaming Prop Mezz LP
5.875%, 05/15/2025 (A)		2,580		2,515
Taylor Morrison Communities
5.625%, 03/01/2024 (A)		1,755		1,834
TEGNA
6.375%, 10/15/2023		250		264
Tempur Sealy International
5.625%, 10/15/2023		595		617
5.500%, 06/15/2026		455		463
Tenneco
5.000%, 07/15/2026		340		344
TI Group Automotive Systems
8.750%, 07/15/2023 (A)		4,524		4,784
Time
5.750%, 04/15/2022 (A)		545		559
Townsquare Media
6.500%, 04/01/2023 (A)		535		538
Tribune Media
5.875%, 07/15/2022		3,140		3,289
UCI International
8.625%, 02/15/2019 (B)		1,165		58
Unitymedia GmbH
6.125%, 01/15/2025 (A)		795		853
Unitymedia Hessen GmbH & KG
5.000%, 01/15/2025 (A)		1,100		1,152
Univision Communications
5.125%, 02/15/2025 (A)		4,901		4,858
UPCB Finance IV
5.375%, 01/15/2025 (A)		1,630		1,705
Videotron (A)
5.375%, 06/15/2024		635		671
5.125%, 04/15/2027		1,415		1,454
Viking Cruises
6.250%, 05/15/2025 (A)		3,215		3,239
Virgin Media Finance
5.750%, 01/15/2025 (A)		397		412
Virgin Media Secured Finance (A)
5.500%, 01/15/2025		200		208



Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
5.500%, 08/15/2026	$	480	$	503
5.250%, 01/15/2026		2,635		2,742
Vista Outdoor
5.875%, 10/01/2023		990		1,017
Wave Holdco PIK
8.250%, 07/15/2019 (A)		416		422
WMG Acquisition (A)
5.625%, 04/15/2022		58		60
4.875%, 11/01/2024		135		138
Wynn Las Vegas (A)
5.500%, 03/01/2025		2,090		2,198
5.250%, 05/15/2027		646		662
Yum! Brands
6.875%, 11/15/2037		1,915		2,068
5.350%, 11/01/2043		130		117
Ziggo Bond Finance BV
6.000%, 01/15/2027 (A)		2,000		2,022
Ziggo Secured Finance BV
5.500%, 01/15/2027 (A)		2,760		2,819

				304,059

Consumer Staples — 2.3%
Albertsons (A)
6.625%, 06/15/2024		1,115		1,107
5.750%, 03/15/2025		2,477		2,303
B&G Foods
5.250%, 04/01/2025		1,200		1,224
Bumble Bee Holdco PIK
9.625%, 03/15/2018 (A)		2,092		2,061
Central Garden & Pet
6.125%, 11/15/2023		495		527
Clearwater Seafoods
6.875%, 05/01/2025 (A)		880		926
Cott Holdings
5.500%, 04/01/2025 (A)		815		831
Energizer Holdings
5.500%, 06/15/2025 (A)		775		811
First Quality Finance
5.000%, 07/01/2025 (A)		1,150		1,173
High Ridge Brands
8.875%, 03/15/2025 (A)		205		204
HRG Group
7.875%, 07/15/2019		140		144
7.750%, 01/15/2022		2,062		2,165
KeHE Distributors
7.625%, 08/15/2021 (A)		1,900		1,905
Lamb Weston Holdings
4.875%, 11/01/2026 (A)		2,000		2,073
New Albertsons
8.000%, 05/01/2031		4,480		4,435
7.750%, 06/15/2026		160		160
7.450%, 08/01/2029		1,605		1,557



Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Post Holdings (A)
5.500%, 03/01/2025	$	290	$	299
5.000%, 08/15/2026		3,628		3,619
Rite Aid
7.700%, 02/15/2027		2,550		2,576
6.125%, 04/01/2023 (A)		4,292		4,214
Spectrum Brands
5.750%, 07/15/2025		926		993
SUPERVALU
6.750%, 06/01/2021		1,995		1,955
TreeHouse Foods
6.000%, 02/15/2024 (A)		530		565

				37,827

Energy — 9.8%
Alta Mesa Holdings
7.875%, 12/15/2024 (A)		1,810		1,824
American Greetings
7.875%, 02/15/2025 (A)		80		87
Antero Midstream Partners
5.375%, 09/15/2024 (A)		280		286
Antero Resources
5.625%, 06/01/2023		60		61
5.125%, 12/01/2022		655		656
Archrock Partners
6.000%, 04/01/2021		475		463
Atwood Oceanics
6.500%, 02/01/2020		967		962
Blue Racer Midstream
6.125%, 11/15/2022 (A)		5,365		5,405
Boardwalk Pipelines
5.950%, 06/01/2026		425		473
Calfrac Holdings
7.500%, 12/01/2020 (A)		3,293		2,832
California Resources
8.000%, 12/15/2022 (A)		3,250		2,056
Carrizo Oil & Gas
8.250%, 07/15/2025		1,201		1,228
7.500%, 09/15/2020		200		204
6.250%, 04/15/2023		320		308
Cheniere Corpus Christi Holdings
5.875%, 03/31/2025		1,733		1,848
5.125%, 06/30/2027 (A)		1,895		1,942
Chesapeake Energy (A)
8.000%, 12/15/2022		1,510		1,597
8.000%, 01/15/2025		2,937		2,908
8.000%, 06/15/2027		605		594
Cloud Peak Energy Resources
12.000%, 11/01/2021		745		767
Concho Resources
5.500%, 04/01/2023		870		894



Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
CONSOL Energy
5.875%, 04/15/2022	$	3,343	$	3,285
Continental Resources
5.000%, 09/15/2022		1,500		1,472
4.500%, 04/15/2023		3,970		3,791
Covey Park Energy
7.500%, 05/15/2025 (A)		170		170
Crestwood Midstream Partners
6.250%, 04/01/2023		365		370
5.750%, 04/01/2025 (A)		3,340		3,332
CSI Compressco
7.250%, 08/15/2022		195		179
DCP Midstream Operating
5.850%, 05/21/2043 (A)(G)		646		598
Delek Logistics Partners
6.750%, 05/15/2025 (A)		811		819
Denbury Resources
9.000%, 05/15/2021 (A)		603		574
5.500%, 05/01/2022		125		70
4.625%, 07/15/2023		1,329		705
Endeavor Energy Resources
7.000%, 08/15/2021 (A)		1,211		1,253
Energy Transfer Equity
7.500%, 10/15/2020		229		256
5.875%, 01/15/2024		1,601		1,697
EnLink Midstream Partners
5.050%, 04/01/2045		1,558		1,446
4.400%, 04/01/2024		560		568
Ensco
8.000%, 01/31/2024		962		904
5.750%, 10/01/2044		2,430		1,592
EP Energy
9.375%, 05/01/2020		545		430
8.000%, 11/29/2024 (A)		545		543
8.000%, 02/15/2025 (A)		1,118		833
7.750%, 09/01/2022		210		124
Exterran Energy Solutions
8.125%, 05/01/2025 (A)		465		474
Extraction Oil & Gas
7.875%, 07/15/2021 (A)		2,235		2,296
FTS International
8.746%, 06/15/2020 (A)(G)		2,028		2,033
6.250%, 05/01/2022		4,551		3,686
Genesis Energy
6.750%, 08/01/2022		2,470		2,476
6.000%, 05/15/2023		1,733		1,699
Gulfport Energy
6.000%, 10/15/2024 (A)		830		807
Halcon Resources
6.750%, 02/15/2025 (A)		3,535		3,182
Hilcorp Energy I
5.750%, 10/01/2025 (A)		1,600		1,508



Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
IronGate Energy Services
11.000%, 07/01/2018 (A)(B)	$	400	$	136
Jones Energy Holdings
9.250%, 03/15/2023		2,106		1,527
Jupiter Resources
8.500%, 10/01/2022 (A)		3,510		2,633
KCA Deutag UK Finance
9.875%, 04/01/2022 (A)		355		344
Laredo Petroleum
7.375%, 05/01/2022		2,132		2,153
5.625%, 01/15/2022		80		78
MEG Energy (A)
7.000%, 03/31/2024		3,630		2,823
6.500%, 01/15/2025		3,475		3,162
6.375%, 01/30/2023		1,925		1,487
Midstates Petroleum (Escrow Security)
10.750%, 10/15/2020 (B)		2,540		–
10.000%, 06/01/2020 (B)		720		–
9.250%, 06/01/2021 (B)		360		–
Murphy Oil
6.875%, 08/15/2024		420		439
Murray Energy
11.250%, 04/15/2021 (A)		1,839		1,388
Nabors Industries
5.500%, 01/15/2023 (A)		125		118
Newfield Exploration
5.750%, 01/30/2022		680		716
5.625%, 07/01/2024		905		943
5.375%, 01/01/2026		830		859
NGL Energy Partners (A)
7.500%, 11/01/2023		2,285		2,254
6.125%, 03/01/2025		1,208		1,105
Noble Holding International
7.750%, 01/15/2024		5,229		4,138
5.750%, 03/16/2018		1,210		1,217
Northern Oil & Gas
8.000%, 06/01/2020		933		649
Oasis Petroleum
6.875%, 03/15/2022		525		509
6.875%, 01/15/2023		830		803
6.500%, 11/01/2021		285		277
Parker Drilling
6.750%, 07/15/2022		3,400		2,610
Parsley Energy (A)
5.375%, 01/15/2025		1,734		1,747
5.250%, 08/15/2025		680		678
PBF Holding
7.000%, 11/15/2023		805		793
PDC Energy
7.750%, 10/15/2022		500		519
6.125%, 09/15/2024 (A)		246		249



Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Peabody Energy (A)
6.375%, 03/31/2025	$	971	$	957
6.000%, 03/31/2022		901		894
Permian Resources
8.000%, 06/15/2020 (A)		1,411		1,439
Precision Drilling
7.750%, 12/15/2023 (A)		257		256
Pride International
7.875%, 08/15/2040		245		206
Range Resources
5.000%, 08/15/2022 (A)		65		64
5.000%, 03/15/2023 (A)		270		264
4.875%, 05/15/2025		340		323
Regency Energy Partners
5.500%, 04/15/2023		510		528
Rowan
7.375%, 06/15/2025		2,161		2,015
5.850%, 01/15/2044		2,404		1,785
RSP Permian
6.625%, 10/01/2022		250		260
5.250%, 01/15/2025 (A)		140		140
Sabine Pass Liquefaction
5.875%, 06/30/2026		140		156
5.750%, 05/15/2024		1,690		1,882
5.000%, 03/15/2027		350		373
Sanchez Energy
7.750%, 06/15/2021		65		59
6.125%, 01/15/2023		445		356
SemGroup
5.625%, 07/15/2022		4,100		3,946
SESI LLC
7.125%, 12/15/2021		3,950		3,762
Seventy Seven Energy
6.500%, 07/15/2022 (B)		305		–
Seventy Seven Operating
6.625%, 11/15/2019 (B)		1,869		–
SM Energy
6.500%, 11/15/2021		250		243
6.500%, 01/01/2023		180		171
6.125%, 11/15/2022		465		442
5.625%, 06/01/2025		295		266
5.000%, 01/15/2024		890		788
Southwestern Energy
6.700%, 01/23/2025		2,410		2,356
4.100%, 03/15/2022		355		331
Summit Midstream Holdings
5.750%, 04/15/2025		2,940		2,955
5.500%, 08/15/2022		1,548		1,546
Targa Resources Partners
6.750%, 03/15/2024		2,425		2,607
5.125%, 02/01/2025 (A)		160		165
4.250%, 11/15/2023		65		63



Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Tesoro Logistics
6.375%, 05/01/2024	$	250	$	271
6.250%, 10/15/2022		255		271
6.125%, 10/15/2021		285		296
5.875%, 10/01/2020		500		511
5.250%, 01/15/2025		205		215
Texas Energy (Escrow Security)
0.000%, 12/31/2034		167		17
Transocean
9.100%, 12/15/2041		775		690
9.000%, 07/15/2023 (A)		1,990		2,064
7.500%, 04/15/2031		1,619		1,295
5.800%, 10/15/2022		3,605		3,344
Tullow Oil (A)
6.250%, 04/15/2022		904		824
6.000%, 11/01/2020		471		447
Weatherford International
9.875%, 02/15/2024 (A)		95		99
8.250%, 06/15/2023		1,941		1,941
Whiting Petroleum
6.250%, 04/01/2023		3,609		3,311
5.750%, 03/15/2021		1,634		1,536
WildHorse Resource Development
6.875%, 02/01/2025 (A)		1,405		1,321
Williams
4.550%, 06/24/2024		802		824
Williams, Ser A
7.500%, 01/15/2031		176		209
WPX Energy
8.250%, 08/01/2023		800		868
7.500%, 08/01/2020		734		771
6.000%, 01/15/2022		235		233
5.250%, 09/15/2024		813		772

				160,649


Financials — 5.4%
Ally Financial
5.750%, 11/20/2025		2,620		2,758
5.125%, 09/30/2024		80		84
4.625%, 05/19/2022		835		869
4.625%, 03/30/2025		1,080		1,106
4.250%, 04/15/2021		390		404
4.125%, 03/30/2020		595		611
4.125%, 02/13/2022		95		97
ASP AMC Merger Sub
8.000%, 05/15/2025 (A)		2,596		2,460
Bank of America (G)
8.000%, 12/29/2049		1,670		1,716
6.500%, 12/31/2049		1,380		1,534
5.125%, 12/31/2049		1,917		1,958
BCD Acquisition
9.625%, 09/15/2023 (A)		1,890		2,041



Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Care Capital Properties
5.125%, 08/15/2026	$	2,861	$	2,907
Citigroup (G)
5.950%, 12/29/2049		1,250		1,330
5.950%, 12/31/2049		50		53
5.875%, 12/29/2049		280		294
5.800%, 11/29/2049		280		292
City National Bank
9.000%, 08/12/2019		3,384		3,797
CNG Holdings
9.375%, 05/15/2020 (A)		1,330		1,177
Credit Acceptance
7.375%, 03/15/2023		1,780		1,851
6.125%, 02/15/2021		1,195		1,225
Credit Suisse Group
7.500%, 12/11/2048 (A)(G)		765		858
CTR Partnership
5.250%, 06/01/2025		2,110		2,173
FBM Finance
8.250%, 08/15/2021 (A)		707		757
HUB International
7.875%, 10/01/2021 (A)		3,710		3,868
Infinity Acquisition
7.250%, 08/01/2022 (A)		585		563
JPMorgan Chase (G)
7.900%, 04/29/2049		1,967		2,045
6.750%, 08/29/2049		1,485		1,687
6.000%, 12/29/2049		1,865		2,008
Lloyds Banking Group
7.500%, 12/01/2099 (G)		1,965		2,168
LPL Holdings
5.750%, 09/15/2025 (A)		3,287		3,419
Mattamy Group
6.500%, 11/15/2020 (A)		1,105		1,127
MGIC Investment
5.750%, 08/15/2023		1,320		1,422
MGM Growth Properties Operating Partnership
5.625%, 05/01/2024		2,760		3,008
4.500%, 09/01/2026		2,795		2,813
MSCI (A)
5.750%, 08/15/2025		566		613
5.250%, 11/15/2024		970		1,028
4.750%, 08/01/2026		955		982
National Life Insurance
10.500%, 09/15/2039 (A)		990		1,669
Nationstar Mortgage
6.500%, 07/01/2021		1,525		1,559
Navient
7.250%, 09/25/2023		1,176		1,267
6.750%, 06/25/2025		850		876
6.625%, 07/26/2021		4,555		4,903
6.500%, 06/15/2022		420		445



Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
NSG Holdings
7.750%, 12/15/2025 (A)	$	1,687	$	1,814
Popular
7.000%, 07/01/2019		1,288		1,352
Royal Bank of Scotland Group PLC
8.000%, 12/29/2049 (G)		1,340		1,455
5.125%, 05/28/2024		780		819
Springleaf Finance
7.750%, 10/01/2021		2,900		3,244
6.125%, 05/15/2022		810		855
Starwood Property Trust
5.000%, 12/15/2021 (A)		1,275		1,326
Syniverse Foreign Holdings
9.125%, 01/15/2022 (A)		1,205		1,201
Walter Investment Management
4.500%, 11/01/2019		521		177
Wells Fargo
7.980%, 03/15/2018 (G)		950		987
York Risk Services Holding
8.500%, 10/01/2022 (A)		2,250		2,166

				85,218


Health Care — 9.4%
21st Century Oncology
11.000%, 05/01/2023 (A)(B)		619		378
Acadia Healthcare
5.125%, 07/01/2022		1,600		1,652
Air Medical Group Holdings
6.375%, 05/15/2023 (A)		745		706
Alere
6.500%, 06/15/2020		215		218
6.375%, 07/01/2023 (A)		325		349
Aurora Diagnostics Holdings
12.250%, 01/15/2020		4,835		4,327
BioScrip
8.875%, 02/15/2021		3,211		2,906
Centene
6.125%, 02/15/2024		660		713
4.750%, 05/15/2022		1,570		1,639
4.750%, 01/15/2025		4,075		4,187
CHS
8.000%, 11/15/2019		1,474		1,482
6.875%, 02/01/2022		1,455		1,271
6.250%, 03/31/2023		1,548		1,598
Concordia International
9.000%, 04/01/2022 (A)		227		172
DaVita
5.000%, 05/01/2025		3,325		3,333
DaVita HealthCare Partners
5.125%, 07/15/2024		2,465		2,502
DJO Finco
8.125%, 06/15/2021 (A)		4,321		4,019



Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Endo
6.000%, 07/15/2023 (A)	$	825	$	693
5.875%, 10/15/2024 (A)		1,604		1,652
Envision Healthcare
6.250%, 12/01/2024 (A)		1,800		1,922
5.625%, 07/15/2022		2,075		2,150
Fresenius Medical Care US Finance II
4.750%, 10/15/2024 (A)		800		840
Gates Global
6.000%, 07/15/2022 (A)		720		722
HCA
7.500%, 02/15/2022		1,920		2,210
5.875%, 05/01/2023		2,765		3,010
5.875%, 02/15/2026		3,115		3,364
5.375%, 02/01/2025		8,201		8,651
5.250%, 04/15/2025		4,108		4,416
5.250%, 06/15/2026		1,815		1,958
HealthSouth
5.750%, 11/01/2024		1,900		1,950
5.750%, 09/15/2025		877		923
Hill-Rom Holdings (A)
5.750%, 09/01/2023		2,360		2,484
5.000%, 02/15/2025		185		189
IASIS Healthcare
8.375%, 05/15/2019		790		794
inVentiv Group Holdings
7.500%, 10/01/2024 (A)		678		736
Kindred Healthcare
8.750%, 01/15/2023		910		957
6.375%, 04/15/2022		3,975		3,915
Kinetic Concepts
7.875%, 02/15/2021 (A)		785		830
Mallinckrodt International Finance
5.625%, 10/15/2023 (A)		315		287
5.500%, 04/15/2025 (A)		2,102		1,839
4.750%, 04/15/2023		2,640		2,251
Molina Healthcare
5.375%, 11/15/2022		3,021		3,199
4.875%, 06/15/2025 (A)		1,102		1,110
MPH Acquisition Holdings
7.125%, 06/01/2024 (A)		1,028		1,096
Opal Acquisition
8.875%, 12/15/2021 (A)		1,996		1,806
Ortho-Clinical Diagnostics
6.625%, 05/15/2022 (A)		4,010		3,830
Quintiles IMS (A)
5.000%, 10/15/2026		3,351		3,456
4.875%, 05/15/2023		1,980		2,027
RegionalCare Hospital Partners Holdings
8.250%, 05/01/2023 (A)		2,156		2,312
Select Medical
6.375%, 06/01/2021		2,920		3,000



Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Sterigenics-Nordion Holdings
6.500%, 05/15/2023 (A)	$	1,426	$	1,469
Surgery Center Holdings
6.750%, 07/01/2025 (A)		403		408
Tenet Healthcare
8.125%, 04/01/2022		5,125		5,439
7.500%, 01/01/2022 (A)		1,080		1,172
6.750%, 02/01/2020		350		364
6.750%, 06/15/2023		6,136		6,136
6.000%, 10/01/2020		455		487
4.746%, 06/15/2020 (G)		545		550
4.625%, 07/15/2024 (A)		629		630
4.500%, 04/01/2021		260		264
THC Escrow III (A)
7.000%, 08/01/2025		640		638
5.125%, 05/01/2025		1,524		1,530
4.625%, 07/15/2024		1,291		1,294
Valeant Pharmaceuticals International (A)
7.500%, 07/15/2021		6,820		6,607
7.250%, 07/15/2022		1,033		971
7.000%, 10/01/2020		1,170		1,151
7.000%, 03/15/2024		2,799		2,942
6.750%, 08/15/2021		445		423
6.500%, 03/15/2022		3,869		4,058
6.125%, 04/15/2025		5,582		4,724
5.875%, 05/15/2023		2,360		2,024
5.500%, 03/01/2023		2,925		2,482
5.375%, 03/15/2020		2,975		2,874
WellCare Health Plans
5.250%, 04/01/2025		3,245		3,399

				154,067


Industrials — 8.0%
ACCO Brands
5.250%, 12/15/2024 (A)		270		280
Actuant
5.625%, 06/15/2022		3,000		3,097
ADT
4.125%, 06/15/2023		80		80
3.500%, 07/15/2022		695		672
AECOM
5.875%, 10/15/2024		295		321
5.750%, 10/15/2022		135		141
Aircastle
5.000%, 04/01/2023		525		560
Algeco Scotsman Global Finance
8.500%, 10/15/2018 (A)		1,465		1,370
Allegion
5.875%, 09/15/2023		125		134
5.750%, 10/01/2021		340		353
Allison Transmission
5.000%, 10/01/2024 (A)		2,238		2,294



Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Alpine Finance Merger Sub
6.875%, 08/01/2025 (A)	$	215	$	219
American Builders & Contractors Supply
5.750%, 12/15/2023 (A)		665		703
AMN Healthcare
5.125%, 10/01/2024 (A)		2,569		2,601
Arconic
5.900%, 02/01/2027		155		167
5.400%, 04/15/2021		943		990
Avis Budget Car Rental
6.375%, 04/01/2024 (A)		735		733
5.500%, 04/01/2023		2,676		2,659
Beacon Roofing Supply
6.375%, 10/01/2023		515		554
BMC East
5.500%, 10/01/2024 (A)		1,495		1,562
Bombardier (A)
7.500%, 03/15/2025		845		877
6.000%, 10/15/2022		3,611		3,611
Builders FirstSource
5.625%, 09/01/2024 (A)		2,251		2,344
CDW
5.000%, 09/01/2025		760		788
Cenveo (A)
8.500%, 09/15/2022		4,265		2,559
6.000%, 08/01/2019		2,395		2,024
Ceridian HCM Holding
11.000%, 03/15/2021 (A)		827		874
CEVA Group
7.000%, 03/01/2021 (A)		950		883
Cloud Crane
10.125%, 08/01/2024 (A)		432		474
CNH Industrial Capital
4.875%, 04/01/2021		480		510
4.375%, 04/05/2022		325		340
FGI Operating
7.875%, 05/01/2020		910		610
Florida East Coast Holdings
6.750%, 05/01/2019 (A)		2,139		2,193
Fortress Transportation & Infrastructure Investors
6.750%, 03/15/2022 (A)		1,795		1,826
General Cable
5.750%, 10/01/2022		1,035		1,035
Global A&T Electronics
10.000%, 02/01/2019 (A)(B)		400		297
Great Lakes Dredge & Dock
8.000%, 05/15/2022 (A)		300		306
Grinding Media
7.375%, 12/15/2023 (A)		418		455
H&E Equipment Services
7.000%, 09/01/2022		685		712



Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
HD Supply
5.750%, 04/15/2024 (A)	$	565	$	600
Hertz
7.625%, 06/01/2022 (A)		2,708		2,701
6.250%, 10/15/2022		1,115		973
5.875%, 10/15/2020		1,082		1,047
5.500%, 10/15/2024 (A)		1,630		1,337
Hillman Group
6.375%, 07/15/2022 (A)		3,003		2,883
Icahn Enterprises
6.750%, 02/01/2024		2,613		2,724
6.250%, 02/01/2022		2,553		2,661
5.875%, 02/01/2022		1,499		1,535
James Hardie International Finance
5.875%, 02/15/2023 (A)		610		639
KAR Auction Services
5.125%, 06/01/2025 (A)		2,311		2,354
KLX
5.875%, 12/01/2022 (A)		850		893
Kratos Defense & Security Solutions
7.000%, 05/15/2019		591		601
LTF Merger
8.500%, 06/15/2023 (A)		3,061		3,291
Masonite International
5.625%, 03/15/2023 (A)		1,066		1,114
New Enterprise Stone & Lime
10.125%, 04/01/2022 (A)		940		1,019
Nielsen Finance
5.000%, 04/15/2022 (A)		2,233		2,317
Nielsen Luxembourg SARL
5.000%, 02/01/2025 (A)		3,640		3,731
Novelis (A)
6.250%, 08/15/2024		230		242
5.875%, 09/30/2026		1,300		1,339
Oshkosh
5.375%, 03/01/2025		170		179
Park Aerospace Holdings (A)
5.500%, 02/15/2024		675		705
5.250%, 08/15/2022		1,195		1,249
Prime Security Services Borrower
9.250%, 05/15/2023 (A)		7,750		8,422
RR Donnelley & Sons
7.625%, 06/15/2020		445		495
6.000%, 04/01/2024		3,255		3,170
RSI Home Products
6.500%, 03/15/2023 (A)		1,040		1,095
Sensata Technologies (A)
5.000%, 10/01/2025		1,614		1,688
4.875%, 10/15/2023		1,600		1,632
Sensata Technologies UK Financing
6.250%, 02/15/2026 (A)		2,235		2,436



Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
SPX FLOW (A)
5.875%, 08/15/2026	$	701	$	724
5.625%, 08/15/2024		1,211		1,247
Standard Industries
6.000%, 10/15/2025 (A)		825		883
StandardAero Aviation Holdings
10.000%, 07/15/2023 (A)		3,300		3,655
Summit Materials
6.125%, 07/15/2023		2,090		2,189
5.125%, 06/01/2025 (A)		550		564
Team Health Holdings
6.375%, 02/01/2025 (A)		2,289		2,220
Terex
5.625%, 02/01/2025 (A)		425		437
TransDigm
6.500%, 07/15/2024		620		640
6.500%, 05/15/2025		1,450		1,476
6.375%, 06/15/2026		623		632
Triumph Group
4.875%, 04/01/2021		750		745
Tutor Perini
6.875%, 05/01/2025 (A)		2,460		2,589
United Rentals North America
6.125%, 06/15/2023		680		708
5.875%, 09/15/2026		1,355		1,443
5.750%, 11/15/2024		1,305		1,367
5.500%, 07/15/2025		1,245		1,304
USG
4.875%, 06/01/2027 (A)		1,390		1,430
Vertiv Group
9.250%, 10/15/2024 (A)		82		89
Welbilt
9.500%, 02/15/2024		240		278
West
5.375%, 07/15/2022 (A)		650		656
Xerium Technologies
9.500%, 08/15/2021		3,770		4,006
XPO Logistics (A)
6.500%, 06/15/2022		540		567
6.125%, 09/01/2023		800		833
Zekelman Industries
9.875%, 06/15/2023 (A)		2,427		2,727

				130,689

Information Technology — 6.2%
ACI Worldwide
6.375%, 08/15/2020 (A)		510		521
Aegis Merger
10.250%, 02/15/2023 (A)		1,078		1,197
Alliance Data Systems
5.375%, 08/01/2022 (A)		1,058		1,069



Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Alliance Data Systems MTN
5.875%, 11/01/2021 (A)	$	925	$	957
Amkor Technology
6.375%, 10/01/2022		1,625		1,692
Anixter
5.500%, 03/01/2023		575		615
Avaya (A)
9.000%, 04/01/2019 (B)		1,760		1,412
7.000%, 04/01/2019 (B)		1,034		830
Belden
5.500%, 09/01/2022 (A)		845		870
BMC Software Finance
8.125%, 07/15/2021 (A)		3,147		3,258
Booz Allen Hamilton
5.125%, 05/01/2025 (A)		900		884
Cardtronics
5.500%, 05/01/2025 (A)		1,475		1,519
5.125%, 08/01/2022		1,600		1,624
CDK Global
4.875%, 06/01/2027 (A)		125		128
Cimpress
7.000%, 04/01/2022 (A)		237		245
CommScope Technologies
6.000%, 06/15/2025 (A)		1,825		1,948
Dell International
8.350%, 07/15/2046 (A)		1,385		1,787
Diamond 1 Finance (A)
8.100%, 07/15/2036		1,890		2,375
7.125%, 06/15/2024		3,030		3,331
6.020%, 06/15/2026		2,866		3,157
5.450%, 06/15/2023		515		559
Donnelley Financial Solutions
8.250%, 10/15/2024		1,206		1,278
Entegris
6.000%, 04/01/2022 (A)		555		581
First Data (A)
7.000%, 12/01/2023		1,901		2,029
5.750%, 01/15/2024		3,215		3,340
5.375%, 08/15/2023		1,489		1,556
5.000%, 01/15/2024		1,723		1,772
Gartner
5.125%, 04/01/2025 (A)		1,039		1,091
Genesys Telecommunications Laboratories
10.000%, 11/30/2024 (A)		2,168		2,436
Harland Clarke Holdings
9.250%, 03/01/2021 (A)		2,533		2,473
Hughes Satellite Systems
7.625%, 06/15/2021		2,100		2,386
6.625%, 08/01/2026		140		151
5.250%, 08/01/2026		900		940
Infor Software Parent PIK
7.125%, 05/01/2021 (A)		880		906



Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Infor US
6.500%, 05/15/2022	$	1,795	$	1,858
Informatica
7.125%, 07/15/2023 (A)		690		702
j2 Cloud Services
6.000%, 07/15/2025 (A)		1,630		1,679
MagnaChip Semiconductor
6.625%, 07/15/2021		915		847
5.000%, 03/01/2021 (A)		300		409
Micron Technology
7.500%, 09/15/2023		1,490		1,666
5.250%, 08/01/2023 (A)		2,655		2,757
5.250%, 01/15/2024 (A)		1,045		1,082
Microsemi
9.125%, 04/15/2023 (A)		399		457
NCR
5.000%, 07/15/2022		2,240		2,285
NeuStar
4.500%, 01/15/2023		1,985		2,040
Nortel Networks
9.003%, 07/15/2011 (B)		1,605		1,003
Nuance Communications
5.625%, 12/15/2026 (A)		1,500		1,601
NXP BV
4.625%, 06/01/2023 (A)		455		491
NXP Funding
5.750%, 03/15/2023 (A)		1,185		1,247
Open Text
5.875%, 06/01/2026 (A)		1,588		1,708
Perstorp Holding
8.500%, 06/30/2021 (A)		1,826		1,954
Plantronics
5.500%, 05/31/2023 (A)		2,070		2,166
Rackspace Hosting
8.625%, 11/15/2024 (A)		695		740
Riverbed Technology
8.875%, 03/01/2023 (A)		840		854
RP Crown Parent
7.375%, 10/15/2024 (A)		268		279
Sabre (A)
5.375%, 04/15/2023		250		261
5.250%, 11/15/2023		3,556		3,689
Solera
10.500%, 03/01/2024 (A)		730		839
SPCM
4.875%, 09/15/2025 (A)		396		404
Symantec
5.000%, 04/15/2025 (A)		2,720		2,847
TIBCO Software
11.375%, 12/01/2021 (A)		2,590		2,855
Unisys
10.750%, 04/15/2022 (A)		2,875		3,148



Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
VeriSign
5.250%, 04/01/2025	$	500	$	534
4.750%, 07/15/2027 (A)		539		545
Veritas US
7.500%, 02/01/2023 (A)		215		231
Western Digital
10.500%, 04/01/2024		1,390		1,640
7.375%, 04/01/2023 (A)		1,065		1,170
WEX
4.750%, 02/01/2023 (A)		1,000		1,005
Zayo Group
6.375%, 05/15/2025		555		599
6.000%, 04/01/2023		1,808		1,903
Zebra Technologies
7.250%, 10/15/2022		990		1,052

				101,464


Materials — 6.2%
Alcoa Nederland Holding BV (A)
7.000%, 09/30/2026		633		695
6.750%, 09/30/2024		488		529
Aleris International
9.500%, 04/01/2021 (A)		1,753		1,803
7.875%, 11/01/2020		308		290
Allegheny Technologies
9.375%, 06/01/2019		1,445		1,566
7.875%, 08/15/2023		675		705
Alpha 3 BV
6.250%, 02/01/2025 (A)		3,600		3,704
ARD Finance PIK
7.125%, 09/15/2023 (A)		1,702		1,817
Ardagh Packaging Finance (A)
7.250%, 05/15/2024		1,664		1,820
6.000%, 02/15/2025		2,155		2,263
Ashland
4.750%, 08/15/2022		680		712
Axalta Coating Systems
4.875%, 08/15/2024 (A)		290		299
Blue Cube Spinco
9.750%, 10/15/2023		2,565		3,104
BlueScope Steel Finance
6.500%, 05/15/2021 (A)		636		671
Boart Longyear Management Properties (A)
10.000%, 10/01/2018		2,000		1,560
7.000%, 04/01/2021		4,090		818
Boise Cascade
5.625%, 09/01/2024 (A)		511		526
CF Industries
5.150%, 03/15/2034		310		287
3.450%, 06/01/2023		1,297		1,225
Chemours
6.625%, 05/15/2023		1,000		1,057



Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
5.375%, 05/15/2027	$	511	$	528
Cliffs Natural Resources
8.250%, 03/31/2020 (A)		1,743		1,900
Compass Minerals International
4.875%, 07/15/2024 (A)		1,314		1,294
Constellium (A)
7.875%, 04/01/2021		340		364
6.625%, 03/01/2025		360		345
5.750%, 05/15/2024		1,549		1,432
Cornerstone Chemical
9.375%, 03/15/2018 (A)		3,630		3,630
CVR Partners
9.250%, 06/15/2023 (A)		1,317		1,378
First Quantum Minerals (A)
7.500%, 04/01/2025		3,633		3,551
7.250%, 04/01/2023		1,738		1,699
Flex Acquisition
6.875%, 01/15/2025 (A)		824		857
FMG Resources (August 2006) Pty
9.750%, 03/01/2022 (A)		410		467
5.125%, 05/15/2024		1,053		1,053
4.750%, 05/15/2022		1,196		1,201
Freeport-McMoRan
5.450%, 03/15/2043		4,290		3,699
5.400%, 11/14/2034		950		853
4.550%, 11/14/2024		140		132
3.875%, 03/15/2023		3,498		3,253
Freeport-McMoran Oil & Gas
6.500%, 11/15/2020		392		402
GCP Applied Technologies
9.500%, 02/01/2023 (A)		415		472
Hecla Mining
6.875%, 05/01/2021		2,013		2,089
Hexion
10.000%, 04/15/2020		1,604		1,592
Hexion US Finance
6.625%, 04/15/2020		2,305		2,103
Hudbay Minerals (A)
7.625%, 01/15/2025		191		200
7.250%, 01/15/2023		326		336
Huntsman International
5.125%, 11/15/2022		1,055		1,129
INEOS Group Holdings
5.625%, 08/01/2024 (A)		1,080		1,114
Kaiser Aluminum
5.875%, 05/15/2024		1,055		1,110
Kissner Holdings
8.375%, 12/01/2022 (A)		816		847
Kraton Polymers (A)
10.500%, 04/15/2023		600		693
7.000%, 04/15/2025		1,044		1,096



Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
LSB Industries
8.500%, 08/01/2019 (E)	$	953	$	954
Mirabela Nickel
1.000%, 07/31/2044 (B)		31		–
New
6.375%, 05/15/2025 (A)		430		443
New Gold
6.250%, 11/15/2022 (A)		2,577		2,648
Noranda Aluminum Acquisition
11.000%, 06/01/2019 (B)		355		–
NOVA Chemicals (A)
5.250%, 06/01/2027		3,103		3,087
5.000%, 05/01/2025		1,700		1,692
4.875%, 06/01/2024		731		728
Owens-Brockway Glass Container (A)
6.375%, 08/15/2025		600		673
5.875%, 08/15/2023		670		739
PaperWorks Industries
9.500%, 08/15/2019 (A)		2,618		1,937
Platform Specialty Products
6.500%, 02/01/2022 (A)		3,697		3,817
Rain CII Carbon
7.250%, 04/01/2025 (A)		4,585		4,734
Reichhold Industries
9.000%, 05/08/2017 (A)(B)		859		–
Reynolds Group
7.000%, 07/15/2024 (A)		860		922
5.750%, 10/15/2020		1,095		1,121
Scotts Miracle-Gro
6.000%, 10/15/2023		635		682
5.250%, 12/15/2026		185		194
SunCoke Energy Partners
7.500%, 06/15/2025 (A)		1,756		1,734
Teck Resources
8.500%, 06/01/2024 (A)		174		201
TPC Group
8.750%, 12/15/2020 (A)		3,029		2,726
Trinseo Materials Operating
6.750%, 05/01/2022 (A)		400		424
Tronox Finance
7.500%, 03/15/2022 (A)		1,644		1,693
6.375%, 08/15/2020		1,490		1,494
US Concrete
6.375%, 06/01/2024		297		313
Venator Finance SARL
5.750%, 07/15/2025 (A)		1,691		1,708

				100,934


Real Estate — 1.3%
CoreCivic
5.000%, 10/15/2022		245		255
4.625%, 05/01/2023		1,465		1,479



Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Equinix
5.875%, 01/15/2026	$	1,470	$	1,603
5.750%, 01/01/2025		710		764
GEO Group
6.000%, 04/15/2026		1,805		1,873
5.875%, 01/15/2022		1,265		1,315
5.125%, 04/01/2023		35		35
GLP Capital
5.375%, 04/15/2026		590		644
Howard Hughes
5.375%, 03/15/2025 (A)		1,205		1,232
Iron Mountain
5.750%, 08/15/2024		1,142		1,165
Kennedy-Wilson
5.875%, 04/01/2024		700		722
Lamar Media
5.750%, 02/01/2026		1,125		1,212
Realogy Group
4.875%, 06/01/2023 (A)		2,934		2,956
RHP Hotel Properties
5.000%, 04/15/2021		1,331		1,364
5.000%, 04/15/2023		460		471
SBA Communications
4.875%, 09/01/2024 (A)		485		494
Uniti Group
8.250%, 10/15/2023		1,140		1,174
7.125%, 12/15/2024 (A)		895		888
6.000%, 04/15/2023 (A)		2,240		2,331

				21,977

Telecommunication Services — 6.4%
CenturyLink
7.500%, 04/01/2024		100		109
6.750%, 12/01/2023		3,300		3,554
5.625%, 04/01/2025		3,797		3,791
Cogent Communications Finance
5.625%, 04/15/2021 (A)		1,880		1,932
Cogent Communications Group
5.375%, 03/01/2022 (A)		1,183		1,242
Columbus Cable Barbados
7.375%, 03/30/2021 (A)		595		632
Digicel
6.000%, 04/15/2021 (A)		2,335		2,239
Digicel Group (A)
8.250%, 09/30/2020		2,905		2,716
7.125%, 04/01/2022		1,820		1,586
6.750%, 03/01/2023		2,490		2,341
Embarq
7.995%, 06/01/2036		1,320		1,333
Frontier Communications
11.000%, 09/15/2025		4,815		4,466
10.500%, 09/15/2022		2,947		2,818



Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
7.625%, 04/15/2024	$	636	$	524
7.125%, 01/15/2023		310		258
6.875%, 01/15/2025		4,080		3,213
GCI
6.875%, 04/15/2025		170		184
6.750%, 06/01/2021		640		656
Inmarsat Finance (A)
6.500%, 10/01/2024		1,190		1,270
4.875%, 05/15/2022		2,480		2,517
Intelsat Jackson Holdings
9.750%, 07/15/2025 (A)		1,564		1,562
9.500%, 09/30/2022 (A)		218		261
8.000%, 02/15/2024 (A)		2,338		2,519
7.500%, 04/01/2021		2,627		2,424
7.250%, 04/01/2019		445		445
7.250%, 10/15/2020		2,940		2,778
5.500%, 08/01/2023		2,145		1,775
Intelsat Luxembourg
7.750%, 06/01/2021		1,020		561
Level 3 Financing
5.625%, 02/01/2023		265		276
5.375%, 01/15/2024		570		595
5.375%, 05/01/2025		4,385		4,615
5.125%, 05/01/2023		130		135
Qwest Capital Funding
7.750%, 02/15/2031		575		546
Sable International Finance
6.875%, 08/01/2022 (A)		650		702
SoftBank Group
6.000%, 07/30/2025		375		409
Sprint
7.875%, 09/15/2023		8,503		9,779
7.625%, 02/15/2025		7,077		8,147
7.250%, 09/15/2021		3,031		3,368
7.125%, 06/15/2024		860		957
Sprint Capital
8.750%, 03/15/2032		2,500		3,150
6.900%, 05/01/2019		370		395
6.875%, 11/15/2028		2,579		2,867
Telecom Italia
5.303%, 05/30/2024 (A)		610		654
Telesat Canada
8.875%, 11/15/2024 (A)		2,440		2,739
T-Mobile USA
6.500%, 01/15/2024		430		462
6.500%, 01/15/2026		3,791		4,184
6.375%, 03/01/2025		790		854
6.000%, 04/15/2024		1,930		2,065
5.375%, 04/15/2027		271		291
5.125%, 04/15/2025		271		285
4.000%, 04/15/2022		1,627		1,693



Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
United States Cellular
6.700%, 12/15/2033	$	820	$	838
Wind Acquisition Finance
7.375%, 04/23/2021 (A)		2,085		2,168
Windstream Services
7.750%, 10/01/2021		1,050		987
7.500%, 06/01/2022		1,450		1,294
6.375%, 08/01/2023		225		186

				104,347


Utilities — 1.3%
AES
6.000%, 05/15/2026		140		150
5.500%, 03/15/2024		1,707		1,777
AmeriGas Partners
5.875%, 08/20/2026		135		138
5.500%, 05/20/2025		340		347
Calpine
5.875%, 01/15/2024 (A)		1,943		2,001
5.500%, 02/01/2024		600		569
5.375%, 01/15/2023		580		565
Dynegy
8.000%, 01/15/2025 (A)		660		640
7.625%, 11/01/2024		1,045		1,014
7.375%, 11/01/2022		375		370
5.875%, 06/01/2023		2,077		1,942
Ferrellgas
6.750%, 01/15/2022		195		183
Ferrellgas Partners
8.625%, 06/15/2020 (A)		335		317
6.750%, 06/15/2023		400		373
6.500%, 05/01/2021		1,285		1,214
GenOn Americas Generation LLC
9.125%, 05/01/2031 (B)		165		147
8.500%, 10/01/2021 (B)		3,899		3,490
LBC Tank Terminals Holding Netherlands
6.875%, 05/15/2023 (A)		1,500		1,556
NRG Energy
7.875%, 05/15/2021		31		32
6.625%, 01/15/2027		185		185
6.250%, 07/15/2022		615		631
6.250%, 05/01/2024		250		253
Pattern Energy Group
5.875%, 02/01/2024 (A)		326		343
Talen Energy Supply
6.500%, 06/01/2025		161		114
4.625%, 07/15/2019 (A)		277		270
TerraForm Power Operating (A)(E)
6.375%, 02/01/2023		1,178		1,225



Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
6.125%, 06/15/2025	$	2,103	$	2,235

				22,081


Total Corporate Obligations
(Cost $1,218,055) ($ Thousands)				1,223,312


ASSET-BACKED SECURITIES — 10.6%

Other Asset-Backed Securities — 10.6%
Airplanes Pass-Through Trust, Ser 2001-1A, Cl A9
1.539%, 03/15/2019 (A)(G)		728		85
B&M CLO, Ser 2014-1A, Cl C
4.908%, 04/16/2026 (A)(G)		356		356
B&M CLO, Ser 2014-1A, Cl D
5.908%, 04/16/2026 (A)(G)		2,148		2,038
B&M CLO, Ser 2014-1A, Cl E
6.908%, 04/16/2026 (A)(G)		2,480		2,119
Battalion CLO
0.000%, (H)		8,580		8,580
Battalion CLO IV, Ser 2013-4A
0.000%, 10/22/2025 (A)		5,640		1,692
Battalion CLO V, Ser 2014-5A
0.000%, 04/17/2026 (A)		3,274		1,375
Battalion CLO VII, Ser 2014-7A
0.000%, 10/17/2026 (A)		4,007		1,963
Battalion CLO VIII, Ser 2015-8A
0.000%, 04/18/2027 (A)(I)		3,390		2,271
Battalion CLO, Ser 2012-3A
0.000%, 01/18/2025 (A)		2,303		900
Battalion CLO, Ser 2016-10A
0.000%, 01/24/2029 (I)		4,450		3,827
Benefit Street Partners CLO III, Ser 2013-IIIA
0.000%, 01/20/2026 (A)(I)		2,531		1,341
Benefit Street Partners CLO IV
0.000%, 07/20/2026 (A)(J)		3		2,344
Benefit Street Partners CLO IX
0.000%, 07/20/2025 (A)		2,092		1,820
Benefit Street Partners CLO V
0.000%, 10/20/2026 (A)(J)		6,387		4,152
Benefit Street Partners CLO VII, Ser 2015-VIII
0.000%, 07/18/2027		6,715		5,013
Benefit Street Partners CLO VIII
0.000%, 01/20/2028 (A)(I)		6,720		5,645
Benefit Street Partners CLO X, Ser 2016-10A
0.000%, 01/15/2029 (I)		6,228		5,481
Benefit Street Partners CLO, Ser 2015-VIA
0.000%, 04/18/2027		7,502		5,702
Carlyle Global Market Strategies CLO, Ser 2014-3A
0.000%, 07/27/2026 (A)		1,666		1,233



Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Cathedral Lake CLO, Ser 2015-3A, Cl E
8.708%, 01/15/2026 (A)	$	1,175	$	1,175
Cathedral Lake CLO, Ser 2015-3A, Cl ER
0.000%, 07/20/2027 (A)		1,175		1,175
Cathedral Lake III Equity Tranche
0.000%, 01/15/2026 (A)		1,869		1,645
CIFC Funding, Ser 2012-2A
0.000%, 12/05/2024		1,653		909
CVP Cascade CLO, Ser 2014-2A, Cl D
5.958%, 07/18/2026 (A)(G)		759		693
CVP Cascade CLO, Ser 2014-2A, Cl E
6.958%, 07/18/2026 (A)(G)		2,469		2,080
Fifth Street Senior Loan Fund, Ser 2015-1A, Cl E
8.356%, 01/20/2027 (A)(G)		3,890		3,848
Fifth Street Senior Loan Fund, Ser 2015-2A
0.000%, 09/29/2027 (A)		5,483		4,091
Figueroa CLO, Ser 2013-1I
0.000%, 03/21/2024		18,856		8,133
Figueroa CLO, Ser 2013-2A
0.000%, 12/15/2025 (A)		2,907		1,320
Fortress Credit Opportunities III CLO, Ser 2014-3A, Cl E
7.400%, 04/28/2026 (A)(G)		3,482		3,346
Fortress Credit Opportunities VI CLO, Ser 2015-6A, Cl F
7.978%, 10/10/2026 (A)(G)		1,730		1,590
Great Lakes CLO, Ser 2012-1A
0.000%, 01/15/2023 (A)		2,457		1,572
Great Lakes CLO, Ser 2012-1A, Cl E
6.658%, 01/15/2023 (A)(G)		2,811		2,720
Great Lakes CLO, Ser 2014-1A
0.000%, 04/15/2025 (A)		6,943		4,582
Great Lakes CLO, Ser 2014-1A, Cl F
7.158%, 04/15/2025 (A)(G)		2,480		2,071
Great Lakes CLO, Ser 2015-1A
0.000%, 07/15/2026 (A)		4,202		2,899
Great Lakes CLO, Ser 2015-1A, Cl E
7.858%, 07/15/2026 (A)(G)		2,896		2,780
Great Lakes CLO, Ser 2015-1A, Cl F
8.658%, 07/15/2026 (A)(G)		1,319		1,154
Ivy Hill Middle Market Credit Fund VII, Ser 2013-7A
0.000%, 10/20/2025 (A)		3,198		2,383
IVY Hill Middle Market Credit Fund XII, Ser 2017-12A
0.000%, 07/20/2029 (A)		651		651
IVY Hill Middle Market Credit Fund XII, Ser 2017-12A, Cl D
8.873%, 07/20/2029 (A)(G)		3,223		3,175
JFIN Revolver CLO, Ser 2014-2A, Cl C
3.922%, 02/20/2022 (A)(G)		1,951		1,951



Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
KVK CLO, Ser 2012-2A
0.000%, 02/10/2025 (A)(I)	$	2,471	$	5
Lockwood Grove CLO, Ser 2014-1A
0.000%, 01/25/2024 (A)		3,797		2,829
Lockwood Grove CLO, Ser 2014-1A, Cl ER
8.920%, 04/25/2025		2,192		2,208
Nelder Grove CLO, Ser 2017-1A, Cl ER
7.700%, 08/28/2026 (A)(G)		2,926		2,926
Neuberger Berman CLO XIII, Ser 2012-13A
0.000%, 01/23/2024 (A)		447		134
Neuberger Berman CLO XVI, Ser 2014-16A
0.000%, 04/15/2026 (A)		2,450		1,103
Neuberger Berman CLO XVI, Ser 2014-16A, Cl SFN
0.000%, 04/15/2026 (A)		163		41
Neuberger Berman CLO, Ser 2016-22A
0.000%, 10/17/2027 to 10/17/2027		3,752		2,820
NewStar Arlington Senior Loan Program, Ser 2014-1A, Cl E
7.256%, 07/25/2025 (A)(G)		1,974		1,850
NewStar Clarendon Fund CLO, Ser 2015-1A, Cl E
7.206%, 01/25/2027 (A)(G)		3,439		3,280
NXT Capital CLO, Ser 2012-1A, Cl E
8.656%, 07/20/2022 (A)(G)		2,417		2,407
OCP CLO, Ser 2012-2A
0.000%, 11/22/2023 (A)		2,615		1,373
Shackleton CLO, Ser 2014-6A
0.000%, 07/17/2026 (A)		7,935		3,571
TCP III CLO
0.000%, (H)		82		8,183
TCW CLO
0.000%, (H)		4,388		4,388
Venture CDO, Ser 2012-10A
0.000%, 07/20/2022 (A)		7,108		4,052
Venture CDO, Ser 2015-22A
0.000%, 01/15/2028		1,122		830
Venture CDO, Ser 2016-24A
0.000%, 10/20/2028		2,795		2,585
Venture CDO, Ser 2016-25A
0.000%, 04/20/2029 (A)		2,030		1,878
Venture CDO, Ser 2017-26A
0.000%, 01/20/2029		2,145		2,000
Venture XI CLO, Ser 2012-11A
0.000%, 11/14/2022 (A)		6,354		508
Venture XIV CLO, Ser 2013-14A, Cl SFN
0.000%, 08/25/2025 (A)		105		45
Venture XXII CLO, Ser 2016-22A, Cl F
9.008%, 01/15/2028 (A)(G)		792		768
Venture XXVII
0.000%, (H)		6,140		6,140



Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Venture XXVIII CLO, Ser 2017-28A
0.000%, 07/20/2030 (A)	$	4,193	$	3,837


Total Asset-Backed Securities
(Cost $149,408) ($ Thousands)				173,641


LOAN PARTICIPATIONS — 8.2%
21st Century Oncology, Delayed Term Loan, 1st Lien
7.750%, 11/24/2017		110		107
21st Century Oncology, Term Loan B, 1st Lien
7.275%, 04/30/2022		914		859
Academy Ltd, Term Loan B, 1st Lien
5.226%, 07/01/2022		315		244
5.220%, 07/01/2022		736		569
5.172%, 07/01/2022		882		682
5.040%, 07/01/2022		2		1
Accudyne Industries LLC, Refinancing Term Loan, 1st Lien
4.147%, 12/13/2019 (G)		845		838
Air Medical Group Holdings, Term Loan B, 1st Lien
4.295%, 04/28/2022		992		973
Alvogen Pharma US, Term Loan, 1st Lien
6.000%, 04/01/2022		1,435		1,410
American Tire Distributors, Initial Term Loan, 1st Lien
5.295%, 09/01/2021		980		985
ANVC Merger, Initial Term Loan, 1st Lien
5.647%, 02/18/2021		1,769		1,771
Applied Systems, Initial Term Loan, 2nd Lien
7.647%, 01/24/2022		1,181		1,192
Ascena Retail Group, Term Loan B, 1st Lien
5.625%, 08/21/2022		1,558		1,305
Asurion LLC, Initial Term Loan, 2nd Lien
8.545%, 03/03/2021		3,120		3,132
Asurion LLC, Term Loan B4, 1st Lien
4.295%, 08/04/2022		1,435		1,441
Atlas America Finance, Term Loan B, 1st Lien
8.580%, 05/06/2021		202		189
Berry Plastics, Term Loan J, 1st Lien
3.617%, 01/19/2024		185		185
Blount International, Initial Term Loan, 1st Lien
6.216%, 04/12/2023		1,221		1,239
Blue Ribbon LLC, Initial Term Loan, 1st Lien
5.148%, 11/15/2021		672		654
BMC Foreign Holding Company Unlimited, Term Loan B1, 1st Lien
5.156%, 09/10/2022		116		116
5.000%, 09/10/2022		1,691		1,694



Description	Face Amount (Thousands)		Market Value ($ Thousands)
LOAN PARTICIPATIONS (continued)
Boart Longyear Management Properties, Term Loan, 2nd Lien
0.000%, 12/31/2017 (I)	$	100	$	100
BPA Laboratories, Initial Term Loan, 2nd Lien
3.672%, 04/29/2020		181		145
BWAY Holding Company, Term Loan B, 1st Lien
4.326%, 04/03/2024 (K)		1,145		1,144
California Resources, Initial Term Loan, 1st Lien
11.534%, 12/31/2021		3,168		3,342
4.045%, 09/24/2019		744		711
Carestream Health, Term Loan, 1st Lien
5.147%, 06/07/2019		365		363
Carestream Health, Term Loan, 2nd Lien
9.647%, 12/07/2019		4,535		4,437
Cengage Learning, 2016 Refinancing Term Loan, 2nd Lien
5.339%, 06/07/2023		1,587		1,496
CenturyLink, Bridge Loan
0.000%, 02/08/2018		600		600
CEVA Group PLC, Synthetic LC Loan, 1st Lien
6.500%, 03/19/2021		203		187
CEVA Intercompany B.V., Cov-Lite, Term Loan, 1st Lien
6.672%, 03/19/2021		208		193
CEVA Logistics Canada ULC, Cov-Lite, Term Loan, 1st Lien
6.672%, 03/19/2021		36		33
CEVA Logistics US Holdings, Cov-Lite, Term Loan, 1st Lien
6.672%, 03/19/2021		287		266
Checkout Holding, Term B Loan, 1st Lien
4.545%, 04/09/2021		1,671		1,389
Chesapeake Energy, Term Loan, 1st Lien
8.684%, 08/23/2021		4,098		4,330
Chief Exploration & Development LLC, Term
Loan, 2nd Lien 7.932%, 05/16/2021		740		711
CityCenter Holdings LLC , Term Loan B, 1st Lien
3.716%, 04/18/2024		275		275
Claire’s Stores, Term Loan, 1st Lien
9.000%, 09/20/2021		942		647
Clear Channel Communications, Extended Term Loan D, 1st Lien
7.795%, 01/30/2019		760		619
Conduent, Term Loan B, 1st Lien
5.226%, 12/07/2023		1,338		1,353
Contura Energy, Cov-Lite, Term Loan, 1st Lien
6.080%, 03/18/2024		1,612		1,564
Cowlitz Tribal Gaming Authority, Initial Term Loan, 1st Lien
11.545%, 12/04/2020 (G)		3,000		3,330



Description	Face Amount (Thousands)		Market Value ($ Thousands)
LOAN PARTICIPATIONS (continued)
CTI Foods, Initial Term Loan, 2nd Lien
8.400%, 06/28/2021	$	1,190	$	1,000
Cumulus Media Holdings, Initial Term Loan, 1st Lien
4.300%, 12/23/2020		4,023		3,243
Dex Media, Term Loan, 1st Lien
11.045%, 07/29/2021		628		636
DJO Finance LLC, Initial Term Loan, 1st Lien
4.300%, 06/08/2020		318		314
4.295%, 06/08/2020		307		304
EagleClaw Midstream Services, Term Loan, 1st Lien
5.466%, 06/07/2024		1,385		1,368
East Valley Tourist Development Authority, Term Loan B, 1st Lien
9.182%, 09/30/2020		2,487		2,462
Empire Generating LLC, Term Loan B, 1st Lien
5.430%, 03/12/2021		1,217		1,165
Empire Generating LLC, Term Loan C, 1st Lien
5.430%, 03/12/2021		120		115
Engility, Term Loan B2, 1st Lien
4.750%, 08/14/2023		852		860
Evergreen Skills Lux SARL, Initial Term Loan, 1st Lien
5.795%, 04/28/2021		2,506		2,365
Evergreen Skills Lux SARL, Initial Term Loan, 2nd Lien
9.250%, 04/28/2022		1		1
Fairmount Minerals Ltd, Term Loan B2, 1st Lien
4.796%, 09/05/2019		1,871		1,762
Flex Acquisition, Term Loan, 1st Lien
4.398%, 12/29/2023		1,073		1,075
FMG Resources (August 2006) Pty, Cov-Lite, Term Loan, 1st Lien
3.750%, 06/30/2019 (G)		820		820
Foresight Energy LLC, Term Loan B, 1st Lien
6.795%, 03/28/2022 (K)		1,358		1,291
Gardner Denver, Initial Term Loan, 1st Lien
4.568%, 07/30/2020 (G)		832		833
Gavilan Resources LLC, Cov-Lite, Term Loan, 2nd Lien
7.076%, 03/01/2024		1,503		1,425
General Nutrition Centers, Term Loan, 1st Lien
3.730%, 03/04/2019		1,942		1,826
Grifols Worldwide Operations, Term Loan B, 1st Lien
3.436%, 01/31/2025		275		275
Gulf Finance, Term Loan B, 1st Lien
6.300%, 08/25/2023		610		567
Gymboree, Initial Term Loan, 1st Lien
5.000%, 02/23/2018		1,931		664



Description	Face Amount (Thousands)		Market Value ($ Thousands)
LOAN PARTICIPATIONS (continued)
Gymboree, Term Loan DIP, 1st Lien
0.000%, 12/12/2017	$	365	$	191
Hercules Achievement, Initial Term Loan, 1st Lien
4.551%, 12/10/2021		520		522
Hillman, Term Loan B, 1st Lien
4.647%, 06/30/2021		297		298
Indivior Finance SARL, Initial Term Loan, 1st Lien
7.040%, 12/19/2019		1,356		1,363
J.Crew Group, Initial Term Loan, 1st Lien
4.159%, 03/05/2021		526		312
4.147%, 03/05/2021		1,055		625
4.045%, 03/05/2021		411		243
KCA Deutag US Finance LLC, Term Loan B, 1st Lien
6.922%, 05/15/2020		1,007		902
Kraton Polymers LLC, Term Loan B, 1st Lien
5.226%, 01/06/2022		166		168
Lightstone Holdco LLC, Refinanced Term B Loan, 1st Lien
5.545%, 01/30/2024		1,964		1,910
Lightstone Holdco LLC, Refinanced Term C Loan, 1st Lien
5.545%, 01/30/2024		126		123
Lonestar Intermediate Super Holdings LLC, Term Loan, 1st Lien
10.045%, 08/31/2021		760		781
Mashantucket Pequot, Term Loan A, 1st Lien
5.045%, 07/01/2018		1,382		1,281
Mashantucket Pequot, Term Loan B, 1st Lien
9.375%, 06/30/2020		7,139		6,559
Medical Card Systems, Initial Term Loan, 1st Lien
1.500%, 05/31/2019 (I)		1,421		1,222
MEG Energy, Cov-Lite, Term Loan B, 1st Lien
4.680%, 12/31/2023		300		292
Metroflag, 2nd Lien
14.000%, 01/06/2009 (B)		300		—
Misys, Cov-Lite, Term Loan B, 1st Lien
4.736%, 04/26/2024		60		60
Misys, Cov-Lite, Term Loan, 2nd Lien
8.459%, 04/28/2025 (K)		1,082		1,100
MKS Instruments, Cov-Lite, Term Loan B2, 1st Lien
3.531%, 05/01/2023		30		31
MMM Holdings, Term Loan, 1st Lien
10.250%, 06/30/2019		281		278
Moneygram International, Initial Term Loan, 1st Lien
4.397%, 03/26/2020		1,214		1,213



Description	Face Amount (Thousands)		Market Value ($ Thousands)
LOAN PARTICIPATIONS (continued)
Moxie Liberty LLC, Term Loan B1, 1st Lien
7.500%, 08/21/2020	$	1,948	$	1,789
MSO of Puerto Rico, Term Loan, 1st Lien
10.250%, 06/30/2019		204		202
Murray Energy, Cov-Lite, Term Loan B2, 1st Lien
8.397%, 04/16/2020		3,909		3,811
NaNa Development, Initial Term Loan, 1st Lien
10.000%, 03/15/2018 (I)		30		30
8.030%, 03/15/2018 (I)		90		88
Neiman Marcus Group, Initial Term Loan, 1st Lien
4.339%, 10/25/2020		1,283		959
New LightSquared LLC, Initial Term Loan, 1st Lien
9.970%, 06/15/2020		2,099		2,035
New LightSquared LLC, Initial Term Loan, 2nd Lien
13.720%, 12/07/2020		2,135		1,496
New MMI, Initial Term Loan, 1st Lien
9.000%, 01/31/2020		2,968		2,872
Nine West Holdings, Cov-Lite, Term Loan, No Lien
6.400%, 01/08/2020		5,626		1,748
Onex York Acquisition, Term Loan B, 1st Lien
4.897%, 10/01/2021		95		93
Optiv, Initial Term Loan, 1st Lien
4.438%, 02/01/2024		678		665
Optiv, Initial Term Loan, 2nd Lien
8.438%, 01/31/2025		264		257
Ortho-Clinical Diagnostics, Term Loan, 1st Lien
4.783%, 06/30/2021		775		770
Oxbow Carbon LLC, Initial Term Loan, 2nd Lien
8.045%, 01/17/2020		2,394		2,400
P2 Upstream Acquisition, Initial Term Loan, 1st Lien
5.180%, 10/30/2020		728		713
Pardus Oil & Gas LLC, Cov-Lite PIK, Term Loan A, 1st Lien
13.000%, 11/12/2021		147		141
Pardus Oil & Gas LLC, Cov-Lite PIK, Term Loan, 2nd Lien
5.000%, 05/13/2022		72		—
Peak 10, Initial Term Loan, 2nd Lien
8.406%, 06/17/2022		2,300		2,286
PETCO Animal Supplies, Cov-Lite, Term Loan B1, 1st Lien
4.172%, 01/26/2023		1,406		1,266
PetSmart, Term Loan B2, 1st Lien
4.010%, 03/11/2022		673		625
PQ, Term Loan B1, 1st Lien
5.295%, 11/04/2022		420		424



Description	Face Amount (Thousands)		Market Value ($ Thousands)
LOAN PARTICIPATIONS (continued)
Prestige Brands, Term Loan B4, 1st Lien
3.795%, 01/26/2024	$	6	$	6
Quorum Health, Term Loan B, 1st Lien
7.795%, 04/29/2022		973		978
Radio One, Term Loan, 1st Lien
5.080%, 04/18/2023		660		650
Revlon Consumer Products, Initial Term B Loan, 1st Lien
4.544%, 09/07/2023		676		629
Royal Holdings, Initial Term Loan, 2nd Lien
8.647%, 06/19/2023		176		176
Rue 21, Term Loan B, 1st Lien
5.625%, 10/09/2020 (B)		1,494		131
Rue 21, Term Loan, 1st Lien
0.000%, 11/15/2017 (I)		115		112
Seadrill Partners Finco LLC, Initial Term Loan, 1st Lien
4.296%, 02/21/2021		1,117		710
Sequa Mezzanine Holdings, Cov-Lite, Term Loan, 1st Lien
6.672%, 11/28/2021		963		968
Sequa Mezzanine Holdings, Cov-Lite, Term Loan, 2nd Lien
10.172%, 04/28/2022		749		762
Sprint Communications, Initial Term Loan, 1st Lien
3.750%, 02/02/2024		1,060		1,059
Steinway Musical Instruments, Initial Term Loan, 1st Lien
4.922%, 09/19/2019		941		904
Synchronoss Technologies, Cov-Lite, Term Loan B, 1st Lien
4.082%, 01/19/2024		735		720
Syncreon Global Finance, Initial Term Loan, 1st Lien
5.295%, 10/28/2020		884		776
Syniverse Holdings, Incremental Term Loan B, 1st Lien
4.147%, 04/23/2019		1,094		1,020
Syniverse Holdings, Initial Term Loan, 1st Lien
4.172%, 04/23/2019		2,728		2,542
US Renal Care, Initial Term Loan, 1st Lien
5.546%, 12/30/2022		169		164
Veritas US, Term Loan B1, 1st Lien
0.000%, 01/27/2023		3,206		3,209
Walter Investment Management, Initial Term Loan, 1st Lien
4.795%, 12/18/2020		942		852
Weight Watchers International, Cov-Lite, Term Loan B2, 1st Lien
4.400%, 04/02/2020		281		270
4.330%, 04/02/2020		171		165



Description	Face Amount (Thousands)		Market Value ($ Thousands)
LOAN PARTICIPATIONS (continued)
Western Digital, Term Loan B2, 1st Lien
3.783%, 04/29/2023	$	1,684	$	1,689

Total Loan Participations
(Cost $138,586) ($ Thousands)				133,828


	Shares
COMMON STOCK — 1.0%
Amplify Energy *		100,766		1,008
Aspect Software, Cl CR1 *(I)		27,500		460
Aspect Software, Cl CR2 *(I)		11,134		186
Berry Petroleum *		129,459		1,165
Berry Petroleum (Escrow Security) *		3,278,000		—
Cengage Learning Holdings II		2,408		21
CEVA Holdings *		561		115
CHC Group *		1,075		8
CUI Acquisition *(I)		3		250
Dex Media *		82,018		316
Energy & Exploration Partners *		185		—
Global Aviation Holdings, Cl A *		97,655		—
Halcon Resources *		68,040		309
Linn Energy *		48,953		1,483
Medical Card Systems *		264,653		—
Midstates Petroleum *		29,067		368
Mirabela Nickel *(I)		5,869,596		—
Mmodal *		42,430		912
Nelson Education *(K)		115,452		5
NII Holdings *		51,236		41
Patterson-UTI Energy		72,523		1,464
Peabody Energy *		6,835		167
Peabody Energy (Escrow Security) *		420,000		—
Reichhold Industries *(I)		1,427		1,047
SandRidge Energy *		3,800,163		812
TE Holdcorp *		50,160		226
Titan Energy *		22,243		172
TXU/Tech * (L)		361,919		368
Vistra Energy		361,919		6,077

Total Common Stock
(Cost $21,950) ($ Thousands)				16,980


	Face Amount (Thousands)
MUNICIPAL BONDS — 0.6%

Connecticut — 0.2%
Mohegan Tribal, Finance Authority, RB
Callable 02/01/2023 @ 100 7.000%, 02/01/2045 (A)		3,625		3,788


Puerto Rico — 0.2%
Commonwealth of Puerto Rico, Ser A, GO
8.000%, 07/01/2035 (B)		2,450		1,485
5.250%, 07/01/2037 (B)		130		78



Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
5.125%, 07/01/2037 (B)	$	775	$	465
5.000%, 07/01/2041 (B)		705		398


				2,426

Texas — 0.2%
Texas State, Public Finance Authority, RB
Callable 07/01/2019 @ 100 8.250%, 07/01/2024		3,220		3,412


Total Municipal Bonds
(Cost $10,032) ($ Thousands)				9,626


	Shares
PREFERRED STOCK — 0.3%
Aspen Insurance Holdings, 5.950% (G)		86,000		2,417
Berry Petroleum, 0.000% *		196,693		2,114
CEVA Holdings, 0.000% *		1,214		249
Peabody Energy, 0.000% *		2,086		94
TE Holdcorp, 0.000% *		74,814		711


Total Preferred Stock
(Cost $5,802) ($ Thousands)				5,585


	Face Amount (Thousands)
CONVERTIBLE BONDS — 0.3%
CHC Group CV to 125.0000
0.000%, 10/01/2020 (J)		55		85
Cheniere Energy CV to 7.2265
4.250%, 03/15/2045		615		424
Chesapeake Energy CV to 116.7134
5.500%, 09/15/2026 (A)		160		150
Ensco Jersey Finance CV to 71.3343
3.000%, 01/31/2024 (A)		659		508
GenOn CV to 14.7167
0.000%, 06/15/2021 (B)		2,200		–
Liberty Media CV to 16.7764
3.750%, 02/15/2030		4,074		2,709
Liberty Media CV to 22.94686
4.000%, 11/15/2029		1,656		1,109
MGIC Investment CV to 74.0741
9.000%, 04/01/2063 (A)		2,065		2,715
Mirabela Nickel CV to 5.9242
9.500%, 06/24/2019 (A)(B)		1,541		139
Weatherford International CV to 129.1656
5.875%, 07/01/2021		267		270


Total Convertible Bonds
(Cost $8,822) ($ Thousands)				8,109



Description	Number of Rights		Market Value ($ Thousands)
RIGHTS — 0.0%
CZR - Senior Secured *‡‡		447,084	$	379


Total Rights
(Cost $—) ($ Thousands)				379


	Number of Warrants
WARRANTS — 0.0%
Jack Cooper Holdings, Expires 04/26/2027 Strike Price $– *		1,593		–
Lion Holding Warrants, Expires 12/30/2027 Strike Price $– *		1,575		–
Midstates Petroleum, Expires 04/21/2020 Strike Price $46 *(I)		9,541		–
Mmodal, Expires 07/31/2017 Strike Price $48 *		19,978		1
Mmodal, Expires 07/31/2017 Strike Price $40 *		15,150		4
Peabody Energy, Expires 07/03/2017 Strike Price $– *		309		8
SandRidge Energy, Expires 10/04/2022 Strike Price $41 *		7,382		11
SandRidge Energy, Expires 10/04/2022 Strike Price $42 *		3,108		3


Total Warrants (Cost $126) ($ Thousands)				27


	Shares
AFFILIATED PARTNERSHIP — 0.0%
SEI Liquidity Fund, LP
1.080% **†(M)		6,097		6


Total Affiliated Partnership
(Cost $6) ($ Thousands)				6


CASH EQUIVALENT — 3.2%
SEI Daily Income Trust, Government Fund, Cl F
0.760%**†		51,666,494		51,666


Total Cash Equivalent
(Cost $51,666) ($ Thousands)				51,666


Total Investments — 99.0%
(Cost $1,604,453) ($ Thousands) @			$	1,623,159

A list of the outstanding centrally cleared swap agreements held by the Fund at June 30, 2017, is as follows:

Percentages are based on Net Assets of $1,639,554 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of June 30, 2017.

†	Investment in Affiliated Security.

‡‡	Expiration date not available.

(A)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On June 30, 2017, the value of these securities amounted to $775,149 ($ Thousands), representing 47.3% of the Net Assets of the Fund.

(B)	Security is in default on interest payment.

(C)	Security considered illiquid. The total value of such security as of June 30, 2017 was $0 ($ Thousands) and represented 0.0% of the Net Assets of the Fund.

(D)	Security considered restricted. The total market value of such security as of June 30, 2017 was $0 ($ Thousands) and represented 0.0% of the Net Assets of the Fund.

(E)	Step Bonds – The rate reflected on the Schedule of Investments is the effective yield on June 30, 2017. The coupon on a step bond changes on a specified date.

(F)	This security or partial position of this security is on loan at June 30, 2017. The total market value of securities on loan at June 30, 2017 was $1 ($ Thousands).

(G)	Variable Rate Security — The rate reported on the Schedule of Investments is the rate in effect as of June 30, 2017.

(H)	Warehouse Note — Interest rate and maturity date are not available.

(I)	Security fair valued using methods determined in good faith by the Valuation Committee of the Board of Trustees. The total market value of such securities as of June 30, 2017 was $22,067 ($ Thousands) and represented 1.3% of the Net Assets of the Fund.

(J)	Zero coupon security. The rate reported is the effective yield at the time of purchase.

(K)	Unsettled bank loan. Interest rate not available.

(L)	Maturity date not available.

(M)	This security was purchased with cash collateral held from securities on loan. The total market value of such securities as of June 30, 2017 was $6 ($ Thousands).

CDO — Collateralized Debt Obligation

Cl — Class

CLO — Collateralized Loan Obligation

CV — Convertible Security

GO — General Obligation

LP — Limited Partnership

LLC — Limited Liability Company

LTD — Limited

MSCI — Morgan Stanley Capital International

MTN — Medium Term Note

PIK — Payment-in-Kind

PLC — Public Limited Company

Pty — Proprietary

RB — Revenue Bond

Ser — Series

ULC — Unlimited Liability Company

@ At June 30, 2017, the tax basis cost of the Fund’s investments was $1,604,453 ($ Thousands), and the unrealized appreciation and depreciation were $80,440 ($ Thousands) and $(61,734) ($ Thousands), respectively.

A list of restricted securities held by the Fund as of June 30, 2017 is as follows:

The following is a list of the level of inputs used as of June 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3		Total
Corporate Obligations	$	–	$	1,215,168	$	8,144	$	1,223,312
Asset-Backed Securities		–		–		173,641		173,641
Loan Participations		–		131,010		2,818		133,828
Common Stock		10,901		4,021		2,058		16,980
Municipal Bonds		–		5,760		3,866		9,626
Preferred Stock		2,416		2,920		249		5,585
Convertible Bonds		–		7,970		139		8,109
Rights		–		–		379		379
Warrants		7		14		6		27
Affiliated Partnership		–		6		–		6
Cash Equivalent		51,666		–		–		51,666

Total Investments in Securities	$	64,990	$	1,366,869	$	191,300	$	1,623,159

The following is a reconciliation of the investments in which unobservable inputs (Level 3) were used in determining fair value ($ Thousands):

(1) Of the $191,300 ($ Thousands) in Level 3 securities as of June 30, 2017, $21,837 ($ Thousands) or 1.3% are not valued via third party pricing vendors and broker quotes. If significant, the disclosure of the unobservable inputs and the interrelationships and sensitivity between these inputs are required for those Level 3 securities that are not valued by third party pricing vendors or broker quotes.

For the period ended June 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended June 30, 2017, there have been transfers between Level 2 and Level 3 assets and liabilities due to the availability of observable inputs to determine fair value. All transfers, if any, are recognized by the Fund at the end of the period.

For information regarding the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements. The following is a summary of the transactions with affiliates for the period ended June 30, 2017 ($ Thousands):

As of June 30, 2017, High Yield Bond Fund is the seller (“providing protection”) on a total notional amount of $12.6 million. The notional amounts of the swaps are not recorded in the financial statements. The notional amounts approximate the maximum potential amount of future payments that the Fund could be required to make if the Fund were the seller of protection and a credit event was to occur. Those credit default swaps (“CDS”) for which the Fund is providing protection are summarized as follows:

[1] If Management uses credit ratings to evaluate the credit risk of an underlying asset, it may use such ratings in its disclosure by replacing credit spreads by credit ratings.



Description	Face Amount (Thousands)		Market Value ($ Thousands)

COMMERCIAL PAPER (A) – 46.0%
Albion Capital
1.220%, 07/07/2017	$	2,000	$	2,000
1.204%, 08/21/2017		2,800		2,795
Bell Canada
1.401%, 07/20/2017 (B)		2,000		1,998
BNZ International Funding
1.531%, 02/01/2018 (B)		3,000		3,006
Charta
1.284%, 09/11/2017 (B)		4,100		4,089
1.143%, 08/11/2017 (B)		4,000		3,994
Collateralized Commercial Paper LLC
1.734%, 08/21/2017		2,500		2,502
1.359%, 07/26/2017		3,000		2,997
CRC Funding
1.164%, 08/25/2017 (B)		3,500		3,493
DBS Bank
1.178%, 08/21/2017 (B)		4,000		3,993
1.171%, 08/23/2017 (B)		4,000		3,993
Fairway Finance
1.143%, 08/21/2017 (B)		3,000		2,995
Federation des Caisses Desjardins du Quebec
1.170%, 07/06/2017 (B)		3,000		2,999
1.143%, 08/15/2017 (B)		3,000		2,996
Florida Power & Light
1.152%, 07/17/2017		4,500		4,497
Hyundai Capital America
1.351%, 07/10/2017 (B)		2,000		1,999
Jupiter Securitization
1.100%, 07/07/2017 (B)		2,000		2,000
Liberty Street Funding
1.143%, 07/18/2017 (B)		2,000		1,999
1.133%, 07/25/2017 (B)		2,000		1,998
Macquarie Bank
1.506%, 08/25/2017		3,500		3,500
1.347%, 10/04/2017 (B)		4,000		3,986
Mondelez International
1.302%, 07/18/2017 (B)		2,000		1,999
NextEra Energy Capital Holdings
1.402%, 07/17/2017 (B)		2,000		1,999
Oversea-Chinese Banking
1.465%, 03/28/2018 (B)		1,000		1,000
1.257%, 11/10/2017 (B)		4,000		4,001
1.133%, 08/03/2017 (B)		3,000		2,997
Suncorp-Metway
1.348%, 10/30/2017 (B)		4,000		3,981
1.339%, 07/17/2017 (B)		3,000		2,998
Toronto-Dominion Holdings USA
1.214%, 09/08/2017 (B)		2,000		1,995
Total Capital Canada
1.043%, 07/20/2017 (B)		2,500		2,498
Toyota Credit Canada
1.410%, 12/07/2017		3,500		3,480



Description	Face Amount (Thousands)		Market Value ($ Thousands)

COMMERCIAL PAPER (A) (continued)
Victory Receivables
1.040%, 07/03/2017 (B)	$	8,939	$	8,938
Westpac Banking
1.193%, 09/05/2017 (B)		2,500		2,495


Total Commercial Paper (Cost $102,206) ($ Thousands)				102,210


CORPORATE OBLIGATIONS – 6.2%

Consumer Discretionary – 2.7%
Jets Stadium Development
1.100%, 04/01/2047		4,000		4,000
Toyota Motor Credit MTN
1.468%, 12/05/2017 (C)		2,000		2,002

				6,002


Financials – 3.5%
Bank of Montreal
1.682%, 09/01/2017 (C)		1,500		1,501
Caisse Centrale Desjardins MTN
1.550%, 09/12/2017 (B)		2,000		2,000
Canadian Imperial Bank of Commerce
1.703%, 10/23/2017 (C)		2,500		2,504
TD Bank
1.736%, 11/22/2017 (C)		1,700		1,703

				7,708

Total Corporate Obligations (Cost $13,704) ($ Thousands)				13,710


MUNICIPAL BONDS – 2.4%
California – 0.2%
California State, Sub-Ser A, GO
Callable 07/05/2017 @ 100 0.870%, 05/01/2040 (C)(D)		335		335


Connecticut – 0.5%
Connecticut State, Development Authority, AMT, RB Callable 07/05/2017 @ 100
0.950%, 08/01/2023 (C)(D)		1,000		1,000


New Jersey – 0.9%
RBC Municipal Products Trust, Ser E-82, RB Callable 07/31/2017 @ 100
1.220%, 12/17/2018 (B)(C)(D)		1,000		1,000



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
RBC Municipal Products Trust, Ser E-83, RB
Callable 08/04/2017 @ 100
1.220%, 12/17/2018 (B)(C)(D)	$	1,000	$	1,000

				2,000


Texas – 0.4%
North Texas, Tollway Authority, Ser D, RB
Callable 04/01/2018 @ 100
0.900%, 01/01/2049 (C)(D)		1,000		1,000


Wyoming – 0.4%
Sweetwater County, RB
Callable 07/05/2017 @ 100
0.920%, 11/01/2024 (C)(D)		1,000		1,000


Total Municipal Bonds (Cost $5,335) ($ Thousands)				5,335


CERTIFICATES OF DEPOSIT – 33.3%
Bank of America
1.054%, 09/18/2017		3,000		3,001
Bank of Nova Scotia
1.570%, 11/01/2017 (B)		2,000		2,002
Bank of Tokyo-Mitsubishi UFJ NY
1.520%, 11/06/2017		3,000		3,002
Canadian Imperial Bank of Commerce
1.601%, 12/01/2017		1,500		1,500
1.352%, 07/16/2018		2,500		2,500
Citibank
1.110%, 07/24/2017		3,000		3,000
Commonwealth Bank of Australia
1.602%, 02/09/2018 (B)		1,000		1,002
1.586%, 12/08/2017 (B)		2,000		2,003
1.569%, 02/15/2018 (B)		1,500		1,503
Kookmin Bank
1.717%, 08/10/2017		1,500		1,501
National Australia Bank
1.563%, 12/06/2017 (B)		4,000		4,005
Norinchukin Bank
1.766%, 07/24/2017		2,000		2,001
1.500%, 10/27/2017		1,200		1,200
1.377%, 10/13/2017		1,700		1,701
1.340%, 09/05/2017		1,500		1,500
1.170%, 08/08/2017		2,000		2,000
Royal Bank of Canada NY
1.449%, 04/19/2018		3,500		3,502
1.434%, 03/07/2018		2,000		2,002
1.409%, 07/16/2018		1,000		1,000
Sumitomo Mitsui Banking
1.492%, 11/20/2017		2,000		2,001
1.396%, 11/22/2017		4,000		4,001



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CERTIFICATES OF DEPOSIT (continued)
1.376%, 10/04/2017	$	1,500	$	1,500
Sumitomo Mitsui Trust Bank Limited
1.494%, 11/21/2017		4,000		4,002
1.409%, 01/19/2018		5,000		5,000
Swedbank
1.120%, 07/05/2017		8,000		8,000
Toronto-Dominion Bank MTN
1.467%, 03/13/2018		2,500		2,503
1.400%, 12/08/2017		2,000		2,001
Toyota Motor Credit
1.409%, 03/14/2018		2,000		2,000
Westpac Banking
1.616%, 01/09/2018		1,000		1,002
1.506%, 10/20/2017 (B)		2,000		2,002

Total Certificates of Deposit
(Cost $73,904) ($ Thousands)				73,937


	Shares
CASH EQUIVALENT – 0.0%
SEI Daily Income Trust, Government Fund, Cl F
0.760%**^†		599		1

Total Cash Equivalent (Cost $1) ($ Thousands)				1


	Face Amount (Thousands)
REPURCHASE AGREEMENTS(E) – 12.1%
Goldman Sachs 1.070%, dated 0, to be repurchased on 07/03/2017, repurchase price $12,001,070 (collateralized by a FNMA obligations, ranging in par value $45,781,768 - 69,871, 3.000% - 6.000%, 01/01/2023 - 02/01/2047; total market value $12,360,001)		12,000		12,000
Toronto Dominion Bank 1.150%, dated 0, to be repurchased on 07/03/2017, repurchase price $15,001,438 (collateralized by a FNM Aobligation and U.S. Treasury Notes, ranging in par value $40 – 15,303,737, 0.000% - 4.000%, 07/20/2017 – 01/01/2044; total market value $15,399,933)		15,000		15,000


Total Repurchase Agreements (Cost $27,000) ($ Thousands)				27,000


Total Investments – 100.0% (Cost $222,150) ($ Thousands) @			$	222,193

Percentages are based on Net Assets of $222,231 ($ Thousands).

**	Rate shown is the 7-day effective yield as of June 30, 2017.

†	Investment in Affiliated Security.

(A)	The rate reported is the effective yield at the time of purchase.

(B)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On June 30, 2017, the value of these securities amounted to $96,955 ($ Thousands), representing 43.6% of the Net Assets of the Fund.

(C)	Variable Rate Security – The rate reported on the Schedule of Investments is the rate in effect as of June 30, 2017.

(D)	Securities are held in connection with a letter of credit issued by a major bank.

(E)	Tri-Party Repurchase Agreement.

AMT – Alternative Minimum Tax

Cl – Class

GO – General Obligation

LLC – Limited Liability Company

MTN – Medium Term Note

RB – Revenue Bond

Ser – Series

@ At June 30, 2017, the tax basis cost of the Fund's investments was $222,150 ($ Thousands), and the unrealized appreciation and depreciation were $52 ($ Thousands) and $(9) ($ Thousands), respectively.

The following is a list of the levels of inputs used as of June 30, 2017 in valuing the Fund’s investments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3		Total
Commercial Paper	$	–	$	102,210	$	–	$	102,210
Corporate Obligations		–		13,710		–		13,710
Municipal Bonds		–		5,335		–		5,335
Certificates of Deposit		–		73,937		–		73,937
Cash Equivalent		1		–		–		1
Repurchase Agreements		–		27,000		–		27,000

Total Investments in Securities	$	1	$	222,192	$	–	$	222,193

For the period ended June 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended June 30, 2017, there were no transfers from Level 2 into Level 3 assets and liabilities.

Amounts designated as “–” are $0 or have been rounded to $0.

For information regarding the Trust’s policy regarding valuation of investments and other significant accounting policies, please refer to the Trust’s most recent semi-annual and annual financial statements.

The following is a summary of the transactions with affiliates for the period ended June 30, 2017 ($ Thousands):



Description	Face Amount (Thousands)			Market Value ($ Thousands)

MUNICIPAL BONDS – 100.5%
Alabama – 3.1%
Tuscaloosa County, Industrial Development Authority, Hunt Refining Project, Ser F, RB
0.910%, 04/01/2028 (A)	$	5,000		$	5,000


Alaska – 3.1%
Alaska State, Housing Finance Authority, Ser B, RB Callable 07/06/2017 @ 100
0.890%, 12/01/2041 (A)		5,000			5,000


Arizona – 0.7%
Arizona State University, Board of Regents, Ser A, RB Callable 07/05/2017 @ 100
0.880%, 07/01/2034 (A)		1,200			1,200


California – 1.7%
Palm Desert, Redevelopment Agency Successor, Ser A, TA
2.000%, 10/01/2017		400			401
Tender Option Bond Trust Receipts, GO Callable 08/04/2017 @ 100
1.250%, 08/01/2037 (A)(B)			2,400		2,400


					2,801


Connecticut – 1.2%
Connecticut State, Housing Finance Authority, Sub-Ser C-3, RB Callable 07/05/2017 @ 100
0.920%, 11/15/2045 (A)		1,000			1,000
Connecticut State, Ser F, GO
4.000%, 11/15/2017		1,000			1,011

					2,011


Florida – 8.3%
Escambia County, Health Facilities Authority, Azalea Trace Project, Ser B, RB, AGC Callable 08/01/2017 @ 100
1.040%, 11/15/2029 (A)		700			700
JEA, Electric System Revenue, Sub-Ser A, RB
2.000%, 10/01/2017		500			501
Miami-Dade County, Industrial Development Authority, RB Callable 07/04/2017 @ 100
0.910%, 04/01/2032 (A)(C)		5,695			5,695
Miami-Dade County, Water & Sewer System Bonds, RB
0.890%, 08/08/2017		5,000			5,000
Monroe County, School District, RB
2.000%, 10/01/2017		100			100
Orange County, Health Facilities Authority, RB
2.000%, 08/01/2017		500			501



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
USF Financing, Master Lease Program, Ser A, COP
4.000%, 07/01/2017	$	1,000	$	1,000


				13,497


Georgia – 3.8%
Municipal Electric Authority of Georgia, Project One, Sub-Ser B, RB Callable 07/05/2017 @ 100
0.920%, 01/01/2048 (A)(C)		6,100		6,100


Illinois – 4.4%
Elmhurst, Industrial Development Revenue Authority, Randall Manufacturing Production Project, AMT, RB Callable 07/05/2017 @ 100
1.360%, 02/01/2027 (A)(C)		1,565		1,565
Illinois State, Finance Authority, Ser B, RB Callable 07/04/2017 @ 100
0.870%, 11/01/2038 (A)		3,000		3,000
Saint Clair County, McKendree College Project, RB
0.980%, 06/01/2034 (A)		1,180		1,180
Tender Option Bond Trust Receipts, RB
0.940%, 08/16/2018 (A)(B)		1,300		1,300


				7,045


Indiana – 7.0%
Elkhart County, Multi-Family Housing Revenue Bonds, Ser A, RB Callable 07/04/2017 @ 100
0.960%, 09/01/2043 (A)(C)		4,100		4,100
Indiana State, Finance Authority, Goodwill Industries of Central Indiana Project, RB
0.950%, 12/01/2036		800		800
Indiana State, Finance Authority, RB
0.870%, 02/01/2039 (A)		6,400		6,400

				11,300


Iowa – 7.0%
Iowa State, Finance Authority, Cedarwood Hills Project, RB
0.950%, 05/01/2031 (A)		3,000		3,000
Iowa State, Finance Authority, Midwestern Disaster Area Economic Development, CJ Bio America Project, RB Callable 07/05/2017 @ 100
1.150%, 04/02/2022 (A)(C)		4,300		4,300
Iowa State, Finance Authority, Pollution Control Facilities, MidAmerican Energy Project, Ser B, RB Callable 07/05/2017 @ 100
0.920%, 05/01/2023 (A)		2,500		2,500



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Iowa State, Finance Authority, Pollution Control Facilities, Mid-American Energy Project, RB Callable 08/01/2017 @ 100
0.920%, 09/01/2036 (A)	$	1,500	$	1,500


				11,300


Kansas – 1.5%
Manhattan, Industrial Development Revenue Bonds, Florence Kansas Project, AMT, RB Callable 07/04/2017 @ 100
0.950%, 04/01/2028 (A)(C)		2,400		2,400


Kentucky – 3.7%
Louisville & Jefferson County, Metropolitan Sewer District, RB
3.500%, 11/15/2017		6,000		6,058


Louisiana – 1.8%
Ascension Parish, Industrial Development Board, BASF Project, RB Callable 08/01/2017 @ 100
0.980%, 10/01/2039 (A)		2,000		2,000
Louisiana State, Public Facilities Authority, Air Products and Chemicals Project, RB
0.950%, 08/01/2050 (A)		500		500
Louisiana State, Public Facilities Authority, Air Products and Chemicals Project, RB Callable 07/05/2017 @ 100
0.910%, 12/01/2040 (A)		100		100
Louisiana State, Public Facilities Authority, Air Products and Chemicals Project, Ser B, RB Callable 07/05/2017 @ 100
0.950%, 12/01/2043 (A)		200		200
Louisiana State, Public Facilities Authority, Air Products and Chemicals Project, Ser C, RB Callable 07/05/2017 @ 100
0.910%, 12/01/2043 (A)		100		100


				2,900


Maryland – 1.3%
Maryland State, Community Development Authority, RB
0.970%, 02/01/2041 (A)		1,070		1,070
Maryland State, Economic Development Authority, RB
0.970%, 04/01/2033 (A)(C)		1,000		1,000



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Montgomery County, Housing Opportunites Commission, Multi-Family Housing Development Bonds, Ser C, RB, GNMA/ FNMA/FHLMC Callable 07/04/2017 @ 100
0.890%, 07/01/2036 (A)(C)	$	50	$	50


				2,120


Massachusetts – 4.3%
Massachusetts State, Department of Transportation, Ser A-1, RB Callable 07/05/2017 @ 100
0.890%, 01/01/2029 (A)		400		400
Massachusetts State, Water Resources Authority, Sub-Ser A-3, RB Callable 07/05/2017 @ 100
0.910%, 08/01/2037 (A)		1,600		1,600
Quincy, BAN, GO
2.000%, 01/19/2018		2,000		2,011
Salisbury, BAN, GO
2.000%, 09/15/2017		1,000		1,002
Scituate, BAN, GO
2.000%, 02/02/2018		2,000		2,014


				7,027


Michigan – 1.7%
Michigan State, Finance Authority, Higher Education Facilities, University of Detroit Mercy Project, RB Callable 07/04/2017 @ 100
1.020%, 11/01/2040 (A)(C)		1,960		1,960
Michigan State, Strategic Fund, Kay Screen Printing Project, AMT, RB Callable 07/04/2017 @ 100
1.090%, 05/01/2020 (A)(C)		800		800


				2,760


Minnesota – 1.2%
RBC Municipal Products Trust, Ser E-19, RB Callable 08/01/2017 @ 100
0.930%, 10/01/2018 (A)(B)(C)		2,000		2,000


Mississippi – 0.2%
Mississippi State, Development Bank, RB
2.000%, 01/01/2018		250		251


Missouri – 1.4%
Kansas City, Special Obligation, H Roe Bartle Project, Ser E, RB Callable 07/04/2017 @ 100
0.940%, 04/15/2034 (A)(C)		2,300		2,300



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Nevada – 1.2%
Clark County, Airport System Revenue, Ser D-2, RB
0.870%, 07/01/2040 (A)	$	1,875	$	1,875


New Jersey – 4.6%
Burlington County, Bridge Commission, Sub- Ser 2016, RB
2.000%, 11/16/2017		5,000		5,018
New Jersey State, Health Care Facilities Financing Authority, AHS Hospital Project, RB
5.000%, 07/01/2017		500		500
Passaic County, BAN, Ser A, GO
2.000%, 12/11/2017		1,000		1,004
Wayne Township, BAN, GO
2.000%, 07/14/2017		1,000		1,000

				7,522


New York – 14.2%
Albany, Industrial Development Agency, Medical Center Hospital Project, Ser A, RB Callable 07/04/2017 @ 100
0.960%, 07/01/2035 (A)(C)		2,000		2,000
New York City, Housing Development Authority, Hewitt House Apartments Project, Ser A, RB Callable 07/04/2017 @ 100
0.900%, 11/01/2048 (A)(C)		2,000		2,000
New York City, Housing Development Authority, Multi-Family Housing Revenue Bonds, Ser C4, RB
0.890%, 05/01/2057 (A)		1,700		1,700
New York City, Industrial Development Agency, Jewish Board of Family Services, RB Callable 07/04/2017 @ 100
0.890%, 07/01/2025 (A)(C)		1,800		1,800
New York City, Sub-Ser J-8-R, GO Callable 08/04/2017 @ 100
0.950%, 08/01/2021 (A)(C)		5,000		5,000
New York State, Dormitory Authority, Rockefeller University Project, Ser B, RB Callable 07/05/2017 @ 100
0.910%, 07/01/2040 (A)		1,500		1,500
New York State, Housing Finance Agency, RB Callable 07/04/2017 @ 100
0.920%, 05/15/2041 (A)(C)		4,500		4,500
Oswego County, Industrial Development Agency, O.H. Properties Project, Ser A, RB Callable 07/04/2017 @ 100
1.160%, 06/01/2024 (A)(C)		860		860



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Tender Option Bond Trust Receipts, RB Callable 02/15/2027 @ 100
0.860%, 02/15/2042 (A)(B)	$	2,000	$	2,000
Triborough Bridge & Tunnel Authority, Ser A, RB Callable 08/04/2017 @ 100
0.890%, 11/01/2035 (A)(C)		200		200
Westchester County, Industrial Development Authority, RB
0.890%, 11/01/2024 (A)		1,500		1,500


				23,060


Ohio – 3.8%
Deer Park, School District, BAN, GO
2.000%, 07/13/2017		1,000		1,000
Franklin County, HealthCare Facilities Refunding and Improvement Authority, Ohio Presbyterian Retirement Services Project, RB Callable 07/06/2017 @ 100
0.940%, 07/01/2035 (A)(C)		400		400
Hamilton County, HealthCare Facilities Authority, Children's Home Project, RB Callable 07/04/2017 @ 100
0.920%, 03/01/2033 (A)(C)		1,000		1,000
Hamilton, Multi-Family Housing Authority, Affordable Housing Project, Ser B, RB Callable 07/05/2017 @ 100
1.080%, 01/01/2035 (A)(C)		1,694		1,694
Kirtland, Various Purpose, Ser 2017, BAN
2.000%, 06/21/2018		500		504
Ohio State University, Ser B-1, RB Callable 08/01/2017 @ 100
0.850%, 12/01/2034 (A)		500		500
Winton Woods City, School District, BAN, GO
1.750%, 07/27/2017		1,100		1,101


				6,199


Oregon – 0.3%
Oregon State, Veterans' Welfare Bonds, GO Callable 07/05/2017 @ 100
0.900%, 06/01/2040 (A)		500		500


Pennsylvania – 1.4%
Montgomery County, Industrial Development Authority, RB
1.040%, 11/15/2029 (A)		1,700		1,700
Philadelphia Gas Works Authority, Ser D, RB Callable 08/01/2017 @ 100
0.910%, 08/01/2031 (A)(C)		600		600


				2,300



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Rhode Island – 1.2%
East Providence, GO
2.000%, 07/27/2017	$	2,000	$	2,001


Tennessee – 6.5%
Clarksville, Public Building Authority, RB Callable 08/01/2017 @ 100
0.970%, 06/01/2029 (A)(C)		5,000		5,000
Shelby County, Health Educational & Housing Facilities Authority, Providence Place Apartments Project, RB Callable 07/06/2017 @ 100
0.960%, 12/15/2042 (A)(C)		5,500		5,500


				10,500


Texas – 4.1%
Fort Bend, Independent School District, Ser A, RB
0.940%, 09/01/2017		2,000		2,000
Harris County, Cultural Education Facilities Finance, Sub-Ser C-1, RB Callable 07/05/2017 @ 100
0.950%, 12/01/2024 (A)		100		100
Houston (City of) TECP, Ser E2, GO
0.950%, 07/27/2017		2,000		2,000
Texas State, GO Callable 08/01/2017 @ 100
0.890%, 12/01/2047 (A)		2,500		2,500


				6,600


Utah – 1.7%
Emery County, Pollution Control, RB Callable 07/05/2017 @ 100
0.900%, 11/01/2024 (A)(C)		2,800		2,800


Virginia – 2.5%
Albemarle County, Industrial Development Authority, Jefferson Scholars Foundation Project, RB Callable 07/04/2017 @ 100
0.960%, 10/01/2037 (A)(C)		2,000		2,000
Lexington, Industrial Development Authority, RB
Callable 07/05/2017 @ 100
0.900%, 01/01/2035 (A)		1,000		1,000
Loudoun County, Economic Development Authority, RB
5.000%, 12/01/2017		1,000		1,016


				4,016



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Washington – 0.3%
King & Pierce County, Auburn School District No. 408, GO
3.000%, 12/01/2017	$	400	$	403


Wisconsin – 1.3%
Oshkosh, Industrial Development Authority, Oshkosh Coil Spring Project, Ser A, AMT, RB
Callable 07/04/2017 @ 100
1.090%, 12/01/2020 (A)(C)		700		700
Wisconsin State, Housing & Economic Development Authority, Ser C, RB
Callable 07/05/2017 @ 100
0.920%, 01/01/2031 (A)		1,400		1,400


				2,100


Total Municipal Bonds
(Cost $162,956) ($ Thousands)				162,946


Total Investments – 100.5%
(Cost $162,956) ($ Thousands) @			$	162,946

Percentages are based on Net Assets of $162,150 ($ Thousands).

(A)	Variable Rate Security – The rate reported on the Schedule of Investments is the rate in effect as of June 30, 2017.

(B)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On June 30, 2017, the value of these securities amounted to $7,700 ($ Thousands), representing 4.7% of the Net Assets of the Fund.

(C)	Securities are held in connection with a letter of credit issued by a major bank.

AGC – Assured Guaranty Corporation

AMT – Alternative Minimum Tax

BAN – Bond Anticipation Note

COP – Certificate of Participation

FHLMC – Federal Home Loan Mortgage Corporation

FNMA – Federal National Mortgage Association

GNMA – Government National Mortgage Association

GO – General Obligation

RB – Revenue Bond

Ser – Series

TA – Tax Allocation

TECP – Tax-Exempt Commercial Paper

@	At June 30, 2017, the tax basis cost of the Fund’s investments was $162,956 ($ Thousands), and the unrealized appreciation and depreciation were $5 ($ Thousands) and $(15) ($ Thousands), respectively.

As of June 30, 2017, all of the Fund's investments were considered Level 2, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

For the period ended June 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended June 30, 2017, there were no transfers from Level 2 into Level 3 assets and liabilities.



Description	Face Amount (Thousands)		Market Value ($ Thousands)

U.S. TREASURY OBLIGATIONS – 99.9%
U.S. Treasury Inflation Protected Securities
2.125%, 01/15/2019	$	10,431	$	10,769
1.875%, 07/15/2019		11,875		12,376
1.375%, 07/15/2018		10,721		10,891
1.375%, 01/15/2020		14,423		14,948
1.250%, 07/15/2020		22,114		23,054
1.125%, 01/15/2021		25,214		26,183
0.625%, 07/15/2021		26,897		27,566
0.125%, 04/15/2019		36,789		36,806
0.125%, 04/15/2020		37,017		37,074
0.125%, 04/15/2021		32,187		32,138
0.125%, 01/15/2022		29,686		29,642
0.125%, 04/15/2022		11,271		11,217

Total U.S. Treasury Obligations

(Cost $273,967) ($ Thousands)				272,664


	Shares
CASH EQUIVALENT – 0.2%
SEI Daily Income Trust, Government Fund, Cl F 0.760%**^†		406,996		407


Total Cash Equivalent
(Cost $407) ($ Thousands)				407

Total Investments – 100.1%
(Cost $274,374) ($ Thousands) @			$	273,071

Percentages are based on Net Assets of $272,903 ($ Thousands).

**	Rate shown is the 7-day effective yield as of June 30, 2017.

†	Investment in Affiliated Security.

Cl – Class

@ At June 30, 2017, the tax basis cost of the Fund's investments was $274,374 ($ Thousands), and the unrealized appreciation and depreciation were $274 ($ Thousands) and $(1,577) ($ Thousands), respectively.

The following is a list of the level of inputs used as of June 30, 2017, in valuing the Fund’s investments carried at value ($ Thousands):



Investments in Securities	Level 1		Level 2		Level 3		Total
U.S. Treasury Obligations	$	–	$	272,664	$	–	$	272,664
Cash Equivalent		407		–		–		407

Total Investments in Securities	$	407	$	272,664	$	–	$	273,071

For the period ended June 30, 2017, there were no transfers between Level 1 into Level 2 assets and liabilities.

For the period ended June 30, 2017, there were no transfers between Level 2 into Level 3 assets and liabilities.

Amounts designated as “– ” are $0 or have been rounded to $0.

The following is a summary of the transactions with affiliates for the period ended June 30, 2017 ($ Thousands):



Description	Shares		Market Value ($ Thousands)

COMMON STOCK – 96.7%
Consumer Discretionary – 12.1%
Advance Auto Parts		2,494	$	291
Amazon.com, Cl A *		13,236		12,812
Autonation *		2,116		89
Autozone *		925		528
Bed Bath & Beyond		4,655		142
Best Buy		8,678		498
BorgWarner		6,601		280
CarMax *		5,956		376
Carnival		13,680		897
CBS, Cl B		12,088		771
Charter Communications, Cl A *		7,200		2,425
Chipotle Mexican Grill, Cl A *		923		384
Coach		9,034		428
Comcast, Cl A		157,980		6,149
Darden Restaurants		4,234		383
Delphi Automotive		9,041		792
Discovery Communications, Cl A *		5,229		135
Discovery Communications, Cl C *		6,593		166
DISH Network, Cl A *		7,700		483
Dollar General		8,473		611
Dollar Tree *		7,685		537
DR Horton		11,386		394
Expedia		4,015		598
Foot Locker, Cl A		4,500		222
Ford Motor		129,176		1,445
Gap		7,698		169
Garmin		4,004		204
General Motors		45,977		1,606
Genuine Parts		5,004		464
Goodyear Tire & Rubber		8,516		298
H&R Block		6,610		204
Hanesbrands		12,167		282
Harley-Davidson, Cl A		5,555		300
Hasbro		3,798		424
Hilton Worldwide Holdings		7,000		433
Home Depot		39,782		6,103
Interpublic Group		12,597		310
Johnson Controls International		31,138		1,350
Kohl's		5,727		221
L Brands		8,008		432
Leggett & Platt		4,165		219
Lennar, Cl A		6,474		345
LKQ *		10,300		339
Lowe's		28,445		2,205
Macy's		9,930		231
Marriott International, Cl A		10,251		1,028
Mattel		11,299		243
McDonald's		27,107		4,152
Michael Kors Holdings *		5,628		204
Mohawk Industries *		2,058		497
NetFlix *		14,420		2,154



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Newell Brands, Cl B		15,813	$	848
News, Cl A		12,630		173
News, Cl B		5,000		71
Nike, Cl B		43,938		2,592
Nordstrom		3,566		171
Omnicom Group		7,569		627
O'Reilly Automotive *		3,012		659
Priceline Group *		1,609		3,010
PulteGroup		9,743		239
PVH		2,720		311
Ralph Lauren, Cl A		1,660		123
Ross Stores		13,135		758
Royal Caribbean Cruises		5,510		602
Scripps Networks Interactive, Cl A		3,394		232
Signet Jewelers		2,113		134
Staples		22,601		228
Starbucks		48,357		2,820
Target, Cl A		18,384		961
Tiffany		3,498		328
Time Warner		25,923		2,603
TJX		21,538		1,554
Tractor Supply		4,446		241
TripAdvisor *		3,697		141
Twenty-First Century Fox, Cl A		34,362		974
Twenty-First Century Fox, Cl B		16,200		452
Ulta Beauty *		1,900		546
Under Armour, Cl A *		6,546		142
Under Armour, Cl C *		6,681		135
VF		11,040		636
Viacom, Cl B		11,830		397
Walt Disney		48,381		5,140
Whirlpool		2,509		481
Wyndham Worldwide		3,519		353
Wynn Resorts		2,617		351
Yum! Brands		10,897		804


				86,090


Consumer Staples – 8.8%
Altria Group		64,169		4,779
Archer-Daniels-Midland		19,041		788
Brown-Forman, Cl B		5,928		288
Campbell Soup		6,272		327
Church & Dwight		8,700		451
Clorox		4,422		589
Coca-Cola		127,982		5,740
Colgate-Palmolive		29,548		2,190
Conagra Brands		13,792		493
Constellation Brands, Cl A		5,770		1,118
Costco Wholesale		14,576		2,331
Coty, Cl A		14,849		279
CVS Health		33,799		2,720
Dr Pepper Snapple Group		6,089		555



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Estee Lauder, Cl A		7,344	$	705
General Mills		19,441		1,077
Hershey		4,686		503
Hormel Foods		8,716		297
JM Smucker		3,904		462
Kellogg		8,194		569
Kimberly-Clark		11,877		1,534
Kraft Heinz		19,700		1,687
Kroger		30,748		717
McCormick		3,714		362
Molson Coors Brewing, Cl B		6,324		546
Mondelez International, Cl A		50,153		2,166
Monster Beverage *		13,365		664
PepsiCo		47,540		5,490
Philip Morris International		51,637		6,065
Procter & Gamble		85,109		7,417
Reynolds American		27,364		1,780
Sysco, Cl A		16,643		838
Tyson Foods, Cl A		9,475		593
Walgreens Boots Alliance		28,307		2,217
Wal-Mart Stores		49,976		3,782
Whole Foods Market		10,451		440


				62,559


Energy – 5.9%
Anadarko Petroleum, Cl A		18,993		861
Apache		12,501		599
Baker Hughes		14,115		769
Cabot Oil & Gas		15,798		396
Chesapeake Energy *		27,402		136
Chevron		63,026		6,576
Cimarex Energy		3,149		296
Concho Resources *		4,900		596
ConocoPhillips		40,786		1,793
Devon Energy		17,526		560
EOG Resources		19,027		1,722
EQT		6,005		352
ExxonMobil		140,900		11,375
Halliburton		28,842		1,232
Helmerich & Payne		3,743		203
Hess		8,574		376
Kinder Morgan		64,714		1,240
Marathon Oil		28,192		334
Marathon Petroleum		17,737		928
Murphy Oil		5,395		138
National Oilwell Varco, Cl A		12,230		403
Newfield Exploration *		6,373		181
Noble Energy		15,037		426
Occidental Petroleum		25,300		1,515
Oneok		12,654		660
Phillips 66		14,499		1,199
Pioneer Natural Resources		5,692		908



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Range Resources		5,587	$	130
Schlumberger, Cl A		46,437		3,057
TechnipFMC *		15,213		414
Tesoro		5,103		478
Transocean *		12,231		101
Valero Energy		14,697		992
Williams		27,946		846


				41,792


Financials – 13.9%
Affiliated Managers Group		1,929		320
Aflac		13,209		1,026
Allstate		12,312		1,089
American Express		25,113		2,116
American International Group		29,405		1,838
Ameriprise Financial		5,117		651
Aon		8,709		1,158
Arthur J. Gallagher		6,000		344
Assurant		1,782		185
Bank of America		331,145		8,034
Bank of New York Mellon		34,943		1,783
BB&T		26,756		1,215
Berkshire Hathaway, Cl B *		63,330		10,726
BlackRock		4,015		1,696
Capital One Financial		16,215		1,340
CBOE Holdings		2,900		265
Charles Schwab		40,835		1,754
Chubb		15,466		2,248
Cincinnati Financial		4,793		347
Citigroup		91,745		6,136
Citizens Financial Group		16,900		603
CME Group		11,348		1,421
Comerica		5,973		437
Discover Financial Services		12,546		780
ETrade Financial		9,370		356
Everest Re Group		1,400		356
Fifth Third Bancorp		24,251		630
Franklin Resources		11,236		503
Goldman Sachs Group		12,321		2,734
Hartford Financial Services Group		12,361		650
Huntington Bancshares		35,047		474
Intercontinental Exchange		19,880		1,311
Invesco		13,712		483
JPMorgan Chase		118,417		10,823
KeyCorp		37,152		696
Leucadia National		10,640		278
Lincoln National		7,609		514
Loews		9,489		444
M&T Bank		5,108		827
Marsh & McLennan		17,317		1,350
MetLife		36,212		1,989
Moody's		5,404		658



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Morgan Stanley		47,217	$	2,104
Nasdaq, Cl A		3,987		285
Navient		10,409		173
Northern Trust		7,171		697
People's United Financial		11,889		210
PNC Financial Services Group		16,197		2,023
Principal Financial Group, Cl A		8,833		566
Progressive		19,021		839
Prudential Financial		14,377		1,555
Raymond James Financial		4,100		329
Regions Financial		40,460		592
S&P Global		8,578		1,252
SunTrust Banks		16,239		921
Synchrony Financial		25,901		772
T. Rowe Price Group		8,140		604
Torchmark, Cl A		3,435		263
Travelers		9,252		1,171
Unum Group		7,663		357
US Bancorp		52,902		2,747
Wells Fargo		149,533		8,286
Willis Towers Watson		4,247		618
XL Group		8,914		390
Zions Bancorporation		6,937		305


				99,647


Health Care – 13.8%
Abbott Laboratories		57,425		2,791
AbbVie		53,025		3,845
Aetna, Cl A		11,116		1,688
Agilent Technologies		10,685		634
Alexion Pharmaceuticals *		7,608		926
Align Technology *		2,600		390
Allergan		11,280		2,742
AmerisourceBergen, Cl A		5,554		525
Amgen, Cl A		24,563		4,230
Anthem		8,738		1,644
Baxter International		16,292		986
Becton Dickinson		7,552		1,473
Biogen *		7,150		1,940
Boston Scientific *		45,192		1,253
Bristol-Myers Squibb		55,438		3,089
C.R. Bard		2,397		758
Cardinal Health		10,403		811
Celgene, Cl A *		26,094		3,389
Centene *		5,800		463
Cerner *		9,812		652
Cigna		8,510		1,425
Cooper, Cl A		1,600		383
DaVita HealthCare Partners *		5,357		347
DENTSPLY SIRONA		7,671		497
Edwards Lifesciences, Cl A *		7,072		836
Eli Lilly		32,513		2,676



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Envision Healthcare *		3,836	$	240
Express Scripts Holding *		20,032		1,279
Gilead Sciences		43,713		3,094
HCA Healthcare *		9,743		850
Henry Schein *		2,722		498
Hologic *		9,500		431
Humana		4,890		1,177
Idexx Laboratories *		2,900		468
Illumina *		4,800		833
Incyte *		5,800		730
Intuitive Surgical *		1,246		1,165
Johnson & Johnson		89,844		11,885
Laboratory Corp of America Holdings *		3,417		527
Mallinckrodt *		3,211		144
McKesson		7,037		1,158
Medtronic		45,641		4,051
Merck		90,966		5,830
Mettler Toledo International *		900		530
Mylan *		15,326		595
Patterson		2,462		116
PerkinElmer		3,569		243
Perrigo		4,976		376
Pfizer		198,557		6,670
Quest Diagnostics		4,478		498
Regeneron Pharmaceuticals *		2,515		1,235
Stryker		10,476		1,454
Thermo Fisher Scientific		13,111		2,287
UnitedHealth Group		32,111		5,954
Universal Health Services, Cl B		2,842		347
Varian Medical Systems *		2,965		306
Vertex Pharmaceuticals *		8,258		1,064
Waters *		2,720		500
Zimmer Biomet Holdings		6,653		854
Zoetis, Cl A		16,373		1,021


				98,803


Industrials – 10.0%
3M		19,926		4,148
Acuity Brands		1,500		305
Alaska Air Group		4,200		377
Allegion		3,194		259
American Airlines Group		16,825		847
Ametek		7,364		446
Arconic		13,992		317
Boeing		18,909		3,739
C.H. Robinson Worldwide		4,587		315
Caterpillar, Cl A		19,645		2,111
Cintas		2,852		360
CSX		30,388		1,658
Cummins		5,063		821
Danaher, Cl A		20,191		1,704
Deere		9,713		1,200



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Delta Air Lines, Cl A		24,422	$	1,312
Dover		5,246		421
Eaton		15,039		1,171
Emerson Electric		21,726		1,295
Equifax		3,876		533
Expeditors International of Washington		5,808		328
Fastenal, Cl A		9,222		401
FedEx		8,269		1,797
Flowserve		4,554		212
Fluor		4,592		210
Fortive		9,995		633
Fortune Brands Home & Security		5,300		346
General Dynamics		9,365		1,855
General Electric		289,593		7,822
Honeywell International		25,452		3,393
IHS Markit *		10,400		458
Illinois Tool Works		10,331		1,480
Ingersoll-Rand		8,603		786
Jacobs Engineering Group		3,921		213
JB Hunt Transport Services		2,845		260
Kansas City Southern		3,563		373
L3 Technologies		2,619		438
Lockheed Martin		8,293		2,302
Masco		10,323		394
Nielsen Holdings		11,180		432
Norfolk Southern		9,502		1,156
Northrop Grumman		5,761		1,479
PACCAR		11,719		774
Parker-Hannifin, Cl A		4,352		696
Pentair		5,377		358
Quanta Services *		5,282		174
Raytheon		9,699		1,566
Republic Services		7,762		495
Robert Half International		4,159		199
Rockwell Automation		4,235		686
Rockwell Collins		5,530		581
Roper Technologies		3,414		791
Snap-on		1,855		293
Southwest Airlines, Cl A		20,233		1,257
Stanley Black & Decker		5,011		705
Stericycle, Cl A *		2,826		216
Textron		9,137		430
TransDigm Group		1,600		430
Union Pacific		26,919		2,932
United Continental Holdings *		9,300		700
United Parcel Service, Cl B		22,811		2,523
United Rentals *		2,699		304
United Technologies		24,732		3,020
Verisk Analytics, Cl A *		5,200		439
Waste Management		13,282		974
WW Grainger		1,747		315



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Xylem		5,948	$	330


				71,295


Information Technology – 21.5%

Accenture, Cl A		20,748		2,566
Activision Blizzard		22,900		1,318
Adobe Systems *		16,364		2,315
Advanced Micro Devices *		24,600		307
Akamai Technologies *		5,474		273
Alliance Data Systems		1,846		474
Alphabet, Cl A *		9,969		9,268
Alphabet, Cl C *		9,993		9,081
Amphenol, Cl A		10,120		747
Analog Devices		12,392		964
Ansys *		3,000		365
Apple		173,730		25,021
Applied Materials		35,671		1,474
Autodesk, Cl A *		6,405		646
Automatic Data Processing		14,942		1,531
Broadcom, Cl A		13,375		3,117
CA		9,933		342
Cars.com *		1		–
Cisco Systems		165,972		5,195
Citrix Systems *		5,326		424
Cognizant Technology Solutions, Cl A		20,077		1,333
Corning, Cl B		30,371		913
CSRA		4,666		148
DXC Technology		9,376		719
eBay *		33,347		1,164
Electronic Arts *		10,328		1,092
F5 Networks, Cl A *		2,191		278
Facebook, Cl A *		78,771		11,893
Fidelity National Information Services, Cl B		10,853		927
Fiserv, Cl A *		7,082		866
Flir Systems		4,892		170
Gartner *		2,900		358
Global Payments		5,147		465
Harris		4,227		461
Hewlett Packard Enterprise		54,410		903
HP		55,310		967
Intel		156,597		5,284
International Business Machines		28,368		4,364
Intuit		7,985		1,061
Juniper Networks		12,533		349
KLA-Tencor		5,149		471
Lam Research		5,320		752
MasterCard, Cl A		31,282		3,799
Microchip Technology		7,737		597
Micron Technology *		34,171		1,020
Microsoft		257,296		17,735
Motorola Solutions		5,502		477
NetApp		9,028		362



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Nvidia		19,848	$	2,869
Oracle, Cl B		100,333		5,031
Paychex		10,700		609
PayPal Holdings *		37,285		2,001
Qorvo *		4,305		273
Qualcomm		49,268		2,721
Red Hat *		5,960		571
salesforce.com *		22,372		1,937
Seagate Technology		9,543		370
Skyworks Solutions		6,007		576
Symantec, Cl A		20,008		565
Synopsys *		4,800		350
TE Connectivity		11,703		921
Texas Instruments		33,211		2,555
Total System Services		5,367		313
VeriSign *		3,078		286
Visa, Cl A		61,532		5,770
Western Digital		9,638		854
Western Union		15,577		297
Xerox		7,289		209
Xilinx		8,087		520

				153,954


Materials – 2.7%
Air Products & Chemicals		7,161		1,024
Albemarle		3,800		401
Avery Dennison		2,776		245
Ball		11,512		486
CF Industries Holdings		7,137		200
Dow Chemical, Cl A		37,489		2,364
E.I. Du Pont de Nemours		28,765		2,322
Eastman Chemical		4,998		420
Ecolab		8,554		1,136
FMC		4,449		325
Freeport-McMoRan, Cl B *		44,162		530
International Flavors & Fragrances		2,515		340
International Paper		13,873		785
LyondellBasell Industries, Cl A		11,043		932
Martin Marietta Materials, Cl A		2,065		460
Monsanto		14,528		1,720
Mosaic		11,110		254
Newmont Mining		17,404		564
Nucor		10,548		610
PPG Industries		8,570		942
Praxair		9,433		1,250
Sealed Air		6,358		285
Sherwin-Williams, Cl A		2,713		952
Vulcan Materials		4,430		561
WestRock		8,092		458

				19,566



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)

Real Estate – 2.8%
Alexandria Real Estate Equities ^‡		3,100	$	373
American Tower, Cl A ^‡		14,016		1,855
Apartment Investment & Management, Cl A ^‡		5,343		230
AvalonBay Communities ^‡		4,522		869
Boston Properties ^‡		5,108		628
CBRE Group, Cl A *		9,625		350
Crown Castle International ^‡		12,328		1,235
Digital Realty Trust, Cl A ^‡		5,300		599
Equinix ^‡		2,559		1,098
Equity Residential ^‡		12,233		805
Essex Property Trust ^‡		2,160		556
Extra Space Storage ^‡		4,300		335
Federal Realty Investment Trust ^‡		2,400		303
GGP ^‡		19,597		462
HCP ^‡		15,230		487
Host Hotels & Resorts ^‡		24,912		455
Iron Mountain ^‡		7,776		267
Kimco Realty ^‡		14,296		262
Macerich ^‡		4,165		242
Mid-America Apartment Communities ^‡		3,900		411
ProLogis ^‡		17,471		1,025
Public Storage ^‡		4,900		1,022
Realty Income ^‡		9,018		498
Regency Centers ^‡		4,900		307
Simon Property Group ^‡		10,658		1,724
SL Green Realty ^‡		3,415		361
UDR ^‡		8,900		347
Ventas ^‡		11,610		807
Vornado Realty Trust ^‡		5,731		538
Welltower ^‡		12,107		906
Weyerhaeuser ^‡		24,760		829

				20,186


Telecommunication Services – 2.1%
AT&T		204,503		7,716
CenturyTel		18,042		431
Level 3 Communications *		9,581		568
Verizon Communications		136,098		6,078

				14,793


Utilities – 3.1%
AES		22,612		251
Alliant Energy		7,800		313
Ameren		7,844		429
American Electric Power		16,129		1,120
American Water Works		6,100		476
Centerpoint Energy		14,417		395
CMS Energy		9,113		421
Consolidated Edison		10,178		823
Dominion Resources		20,804		1,594
DTE Energy		6,041		639



Description	Shares			Market Value ($ Thousands)

COMMON STOCK (continued)
Duke Energy		23,198		$	1,939
Edison International		10,790			844
Entergy		6,077			467
Eversource Energy		10,344			628
Exelon		30,390			1,096
FirstEnergy		14,521			423
NextEra Energy		15,698			2,200
NiSource		11,013			279
NRG Energy		10,564			182
PG&E		17,193			1,141
Pinnacle West Capital		3,794			323
PPL		23,139			895
Public Service Enterprise Group		16,557			712
SCANA		4,880			327
Sempra Energy		8,268			932
Southern		33,282			1,594
WEC Energy Group		10,437			641
Xcel Energy		16,746			768


					21,852

Total Common Stock
(Cost $586,094) ($ Thousands)					690,537

Total Investments – 96.7%
(Cost $586,094) ($ Thousands) @				$	690,537

	Contracts

*PURCHASED OPTION – 0.2%**
September 2017 Put on SPX, Expires 09/16/2017,
Strike Price $2,320		590			1,127

Total Purchased Option
(Cost $1,134) ($ Thousands)				$	1,127


*WRITTEN OPTION – (0.1)%**
September 2017 Put on SPX, Expires 09/16/2017
Strike Price $2,200		(590	)		(516	)

Total Written Option
(Premiums Received $(529)) ($ Thousands)				$	(516	)

A list of the open futures contracts held by the Fund at June 30, 2017, is as follows:


Type of Contract	Number of Contracts Long (Short)			Expiration Date		Unrealized Appreciation (Depreciation) ($ Thousands)
CAC40 10 Euro Index		481			Jul-2017		$(786	)
Dax Index		80			Sep-2017		(846	)
IBEX		236			Jul-2017		(1,026	)
S&P 500 Index E-MINI		(1,121	)		Sep-2017		876
TOPIX Index		499			Sep-2017		365

							$(1,417	)

A list of the open forward foreign currency contracts held by the Fund at June 30, 2017 is as follows:


Settlement Date		Currency to Deliver (Thousands)			Currency To Receive (Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
07/10/17	USD		3,760	JPY		421,398		$(7	)
07/10/17	USD		13,294	CAD		17,725		358
07/10/17	USD		13,656	MXN		259,999		685
07/10/17	USD		17,426	TWD		530,541		16
07/10/17	USD		17,641	SGD		24,411		93
07/10/17	CAD		17,725	USD		13,332		(320	)
07/10/17-10/11/17	SGD		49,023	USD		35,317		(328	)
07/10/17	USD		69,464	KRW		79,324,360		(131	)
07/10/17-10/11/17	EUR		74,144	USD		80,310		(4,329	)
07/10/17	USD		77,062	EUR		68,656		1,284
10/11/17	USD		1,796	EUR		1,565		(1	)
07/10/17	USD		105,791	INR		6,919,322		1,129
10/11/17	USD		105,963	INR		6,911,022		(248	)
07/10/17	MXN		259,999	USD		13,711		(630	)
07/10/17	TWD		530,541	USD		17,569		127
10/11/17	TWD		541,541	USD		17,796		(24	)
07/10/17-10/11/17	JPY		1,109,418	USD		9,957		50
07/10/17	INR		6,835,422	USD		105,779		155
07/10/17	INR		83,900	USD		1,282		(15	)
07/10/17-10/11/17	KRW		158,648,720	USD		140,657		1,904
10/11/17	KRW		2,070,000	USD		1,810		(1	)
01/09/18	SAR		10,601	USD		2,821		–
01/09/18	SAR		123,152	USD		32,539		(227	)

								$(460	)

A list of the counterparties for the outstanding forward foreign currency contracts held by the Fund at June 30, 2017 is as follows:


Counterparty	Currency to Deliver ($ Thousands)			Currency to Receive ($ Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
Bank of America		$(354,261	)		$355,056		$795
Bank of Montreal		(14,687	)		14,362		(325	)
Barclays PLC		(1,815	)		1,748		(67	)
Citigroup		(40,674	)		41,116		442
Goldman Sachs		(26,491	)		26,346		(145	)
HSBC		(779	)		747		(32	)
JPMorgan Chase Bank		(4,655	)		4,601		(54	)
Morgan Stanley		(52,689	)		52,808		119
Societe Generale		(141,714	)		139,012		(2,702	)
Standard Chartered		(212,482	)		214,214		1,732
UBS		(52,127	)		51,904		(223	)

							$(460	)

Percentages are based on Net Assets of $714,468 ($ Thousands).

*	Non-income producing security.

‡	Real Estate Investment Trust.

CAD - Canadian Dollar

Cl - Class

EUR - Euro

INR - Indian Rupee

JPY - Japanese Yen

KRW - Korean Won

MXN - Mexican Peso

PLC - Public Limited Company

S&P- Standard & Poor's

SAR - Saudi Riyal

SGD - Singapore Dollar

SPX - S&P 500 Index

TOPIX - Tokyo Stock Price Index

TWD - Taiwan Dollar

USD - United States Dollar

@ At June 30, 2017, the tax basis cost of the Fund's investments was $586,094 ($ Thousands), and the unrealized appreciation and depreciation were $118,059 ($ Thousands) and $(13,616) ($Thousands), respectively.

The following is a list of the levels of inputs used as of June 30, 2017 in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	690,537	$	–	$	–	$	690,537

Total Investments in Securities	$	690,537	$	–	$	–	$	690,537


Other Financial Instruments	Level 1			Level 2			Level 3		Total
Purchased Option	$	1,127		$	–		$	–	$	1,127
Written Option		(516	)		–			–		(516	)
Futures Contracts *
Unrealized Appreciation		1,241			–			–		1,241
Unrealized Depreciation		(2,658	)		–			–		(2,658	)
Forwards Contracts *
Unrealized Appreciation		–			5,801			–		5,801
Unrealized Depreciation		–			(6,261	)		–		(6,261	)

Total Other Financial Instruments	$	(806	)	$	(460	)	$	–	$	(1,266	)

*Futures contracts and forwards contracts are valued at the unrealized appreciation/ (depreciation) on the instrument.

For the period ended June 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended June 30, 2017, there were no transfers from Level 2 into Level 3 assets and liabilities.

Amounts designated as “–” are $0 or have been rounded to $0.

For information regarding the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual and annual financial statements.



Description	Shares		Market Value ($ Thousands)

COMMON STOCK – 37.6%
Consumer Discretionary – 8.2%
Adient		31,700	$	2,073
Amazon.com, Cl A *		508		492
American Eagle Outfitter		23,995		289
Bandai Namco Holdings		10,900		372
Boyd Gaming		14,518		360
Burlington Stores *		1,285		118
Callaway Golf		117,891		1,507
Camping World Holdings, Cl A		14,695		453
Canadian Tire, Cl A		3,200		364
Comcast, Cl A		14,810		576
Darden Restaurants		4,296		389
Delphi Automotive		3,081		270
Dollarama		4,100		391
Drive Shack		90,859		286
Eldorado Resorts *		67,336		1,347
Etsy *		77,049		1,156
Extended Stay America		159,465		3,087
Fielmann		2,419		186
Gap		15,063		331
H&R Block		19,912		615
Hennes & Mauritz, Cl B		17,902		446
Hilton Worldwide Holdings		35,047		2,168
Home Depot		3,896		598
Houghton Mifflin Harcou *		120,563		1,483
HUGO BOSS		6,570		459
Industria de Diseno Textil		8,713		334
International Game Technology		24,193		443
John Wiley & Sons, Cl A		2,544		134
L Brands		5,004		270
La Quinta Holdings *		49,749		735
Lear		3,312		471
Lennar, Cl B		11,208		504
Liberty Media -Liberty SiriusXM *		12,057		503
Live Nation *		12,479		435
lululemon athletica *		8,697		519
Madison Square Garden *		6,187		1,218
McDonald's		1,176		180
Mediaset *		21,701		85
Mediaset Espana Comunicacion		42,834		532
Melco Crown Entertainment ADR		73,594		1,652
Nitori Holdings		1,500		201
Norwegian Cruise Line Holdings *		24,376		1,323
Omnicom Group		4,525		375
Pandora		3,234		301
Penn National Gaming *		79,212		1,695
Ross Stores		5,315		307
SeaWorld Entertainment		51,332		835
Sega Sammy Holdings		19,000		256
Shaw Communications, Cl B		17,300		377
Shimamura		2,700		331
Sinclair Broadcast Group, Cl A		1,973		65



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Sirius XM Holdings		71,021	$	388
Staples		7,960		80
Start Today		23,500		578
Time Warner		11,911		1,196
TJX		5,413		391
TripAdvisor *		31,702		1,211
Walt Disney		5,200		552
William Lyon Homes, Cl A *		66,708		1,610
Williams-Sonoma		3,937		191
World Wrestling Entertainment, Cl A		71,822		1,463


				41,557


Consumer Staples – 2.5%
Colgate-Palmolive		5,120		380
Distribuidora Internacional de Alimentacion		60,537		376
George Weston		2,692		243
Hain Celestial Group *		25,150		976
Jeronimo Martins		30,880		602
Kao		700		42
Kirin Holdings		16,400		334
Lancaster Colony		2,442		299
Lion		27,800		576
Loblaw		600		33
Marine Harvest		21,871		373
Nestle		12,055		1,050
PepsiCo		2,338		270
Philip Morris International		11,008		1,293
Pigeon		5,800		210
Pola Orbis Holdings		15,000		395
Procter & Gamble		6,546		571
Saputo		11,800		375
Spectrum Brands Holdings		2,941		368
Suntory Beverage & Food		5,300		246
Swedish Match		15,343		540
Tyson Foods, Cl A		31,159		1,952
Unicharm		13,700		344
Whole Foods Market		17,262		727


				12,575


Energy – 1.4%
Atwood Oceanics, Cl A *		6,567		53
Chevron		3,510		366
Enbridge Income Fund Holdings		7,202		178
ExxonMobil		6,102		493
Galp Energia SGPS		11,575		175
Husky Energy *		38,100		432
Imperial Oil		12,600		367
Inter Pipeline		18,707		366
Keyera		10,400		327
Neste		9,905		390
NexGen Energy *		177,428		392
Pembina Pipeline		6,216		206



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Petrofac		216,287	$	1,242
Rice Energy *		30,338		808
Royal Dutch Shell, Cl A		4,751		126
Schlumberger, Cl A		5,693		375
Statoil		3,933		65
Suncor Energy		11,500		335
Valero Energy		7,018		473


				7,169


Financials – 1.0%
AGNC Investment ‡		17,874		380
Aspen Insurance Holdings		23,770		1,185
Berkshire Hathaway, Cl B *		59		10
Erste Group Bank		9,830		376
Fortress Investment Group, Cl A (A)		120,784		965
Hang Seng Bank		17,300		362
KBC Group		1,608		122
Lazard, Cl A		8,172		379
Northern Trust		3,963		385
Starwood Property Trust ‡		11,617		260
State Street		6,784		609
Toronto-Dominion Bank		5,317		267


				5,300


Health Care – 4.3%
Akorn *		33,058		1,109
Alere *		54,911		2,756
Astellas Pharma		39,400		482
Biogen *		1,772		481
Bioverativ *		6,543		394
Bruker BioSciences		21,889		631
C.R. Bard		11,488		3,631
Coloplast, Cl B		834		70
Exelixis *		19,935		491
Hoya		12,200		633
ICON *		4,611		451
Illumina *		1,799		312
INC Research Holdings, Cl A *		5,590		327
Mallinckrodt *		9,117		409
Masimo *		4,234		386
Mettler Toledo International *		1,016		598
Molina Healthcare *		5,469		378
Novo Nordisk, Cl B		13,211		565
Parexel International *		3,660		318
PRA Health Sciences *		3,863		290
Quest Diagnostics		3,397		378
Recordati		5,284		214
Roche Holding		495		126
Sumitomo Dainippon Pharma		26,400		360
Taro Pharmaceutical Industries *		4,107		460
TESARO *		134		19
United Therapeutics *		4,421		574



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Valeant Pharmaceuticals International *		19,895	$	345
Varex Imaging *		65,549		2,216
Vertex Pharmaceuticals *		3,003		387
Vifor Pharma		4,760		525
VWR *		37,122		1,225
WellCare Health Plans *		2,031		365


				21,906


Industrials – 5.2%
3M		1,866		388
Advisory Board *		12,021		619
Aena (B)		11,650		2,270
Boeing		1,962		388
Builders FirstSource *		151,949		2,328
BWX Technologies, Cl W		48,100		2,345
CAE		2,186		38
Casella Waste Systems, Cl A *		75,293		1,236
Central Japan Railway		3,100		505
Cintas		675		85
CK Hutchison Holdings		29,000		364
Delta Air Lines, Cl A		43,986		2,364
Deutsche Lufthansa		29,953		681
General Dynamics		1,861		369
Hawaiian Holdings *		6,037		283
Herc Holdings *		10,537		414
HOCHTIEF		1,845		338
ISS		9,067		356
Jacobs Engineering Group		7,067		384
Japan Airlines		15,500		479
Jardine Strategic Holdings		7,000		292
JetBlue Airways *		117,657		2,686
Manitowoc		98,614		593
ManpowerGroup		3,523		393
MTR		66,000		372
Northrop Grumman		1,451		373
Republic Services		5,686		362
Robert Half International		10,645		510
Rockwell Automation		1,519		246
Rollins		9,833		400
SGS, Cl B		153		371
United Continental Holdings *		28,885		2,174
United Technologies		3,165		386
Vestas Wind Systems		6,338		584
Waste Management		4,900		359


				26,335


Information Technology – 9.4%
Activision Blizzard		8,019		462
Akamai Technologies *		7,700		384
Ansys *		3,034		369
Aspen Technology *		6,763		374
Blackhawk Network Holdings, Cl A *		52,581		2,292



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Brocade Communications Systems		458,341	$	5,780
Cadence Design Systems *		10,992		368
Cars.com *		83,338		2,219
CDK Global		5,333		331
Cision *		42,800		440
Citrix Systems *		4,483		357
CommerceHub *		46,238		805
Constellation Software		1,100		575
F5 Networks, Cl A *		4,351		553
Facebook, Cl A *		3,737		564
Fortinet *		4,805		180
Fujitsu		31,000		228
Harmonic, Cl A *		27,034		142
Immersion *		24,286		220
Instructure *		39,380		1,162
Internap Network Services *		14,238		52
Intuit		3,033		403
Itochu Techno-Solutions		6,400		224
Jack Henry & Associates		3,766		391
Kakaku.com		29,600		425
KLA-Tencor		3,860		353
Lattice Semiconductor *		11,069		74
Logitech International		16,334		601
Manhattan Associates *		7,769		373
MasterCard, Cl A		3,198		388
Match Group *		127,798		2,221
MAXIMUS		3,204		201
MercadoLibre		1,492		374
Mixi		9,700		540
MobileIron *		104,691		633
Mobileye *		134,932		8,474
NCR *		9,654		394
NetApp		8,899		356
Nintendo ADR		43,874		1,835
Nomura Research Institute		6,300		248
NXP Semiconductors *		35,873		3,926
Otsuka		3,000		186
QuickLogic *		83,968		123
Red Hat *		4,344		416
SCREEN Holdings		5,000		334
Seagate Technology		12,202		473
Skyworks Solutions		5,501		528
Square Enix Holdings		4,300		141
Teradata *		19,061		562
Teradyne		16,842		506
Trivago ADR *		3,937		93
Twilio, Cl A *		38,877		1,132
VeriSign *		6,075		565
Visa, Cl A		3,366		316
VMware, Cl A *		6,292		550
VTech Holdings		20,700		328
WebMD Health, Cl A *		11,086		650



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Zynga, Cl A *		235,386	$	857


				48,051


Materials – 2.7%
AK Steel Holding *		233,098		1,531
Albemarle		3,346		353
AptarGroup		4,320		375
Cabot		10,280		549
Chemours		13,415		509
Commercial Metals, Cl A		31,172		606
Constellium, Cl A *		267,521		1,846
Fletcher Building		7,725		45
Fortescue Metals Group		70,082		281
Huntsman		69,960		1,808
Ingevity *		41,137		2,361
Louisiana-Pacifi *		20,100		485
Olympic Steel		16,966		330
Sika		32		206
Silgan Holdings		12,058		383
Steel Dynamics		34,029		1,219
United States Steel		27,577		610
Worthington Industries		7,837		394


				13,891


Real Estate – 0.8%
Care Capital Properties ‡		6,981		187
FelCor Lodging Trust ‡		45,810		330
Gaming and Leisure Properties ‡		17,318		652
New York ‡		169,887		1,468
RLJ Lodging Trust ‡		36,377		723
STORE Capital ‡		25,581		574


				3,934


Telecommunication Services – 1.6%
AT&T		14,027		529
BCE		8,202		369
CenturyLink		16,752		400
Cincinnati Bell *		47,057		920
FairPoint Communications *		13,828		216
General Communication, Cl A *		7,531		276
Lumos Networks *		15,371		275
Millicom International Cellular		4,573		270
NII Holdings *		199,720		161
Nippon Telegraph & Telephone		11,500		544
NTT DOCOMO		21,100		498
PCCW		574,000		326
Rogers Communications, Cl B		7,700		363
Spark New Zealand		185,751		514
Straight Path Communications *		1,250		225
Swisscom		808		390
Telenor		22,045		365
TeliaSonera		44,632		205



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
T-Mobile US *		8,664	$	525
Zayo Group Holdings *		19,605		606


				7,977


Utilities – 0.5%
Canadian Utilities, Cl A		12,700		407
Centerpoint Energy		12,944		354
CLP Holdings, Cl B		56,000		593
EDP–Energias de Portugal		31,842		104
Endesa		14,920		343
Hong Kong & China Gas		203,500		383
Power Assets Holdings		40,500		358


				2,542

Total Common Stock
(Cost $176,208) ($ Thousands)				191,237


REGISTERED INVESTMENT COMPANIES – 32.2%
AQR Managed Futures Strategy HV Fund , Cl I		1,581,822		13,493
ASG Managed Futures Strategy Fund , Cl Y		1,688,825		16,179
Blackrock Global Long/Short Credit Fund , Cl I		4,866,366		50,075
Merger Fund , Cl I		3,149,541		50,141
SEI Institutional Managed Trust Long/Short
Alternative Fund , Cl Y †		3,142,922		33,629

Total Registered Investment Companies
(Cost $169,459) ($ Thousands)				163,517


	Face Amount (Thousands)
CORPORATE OBLIGATIONS – 6.2%

Consumer Discretionary – 0.8%
Altice Financing
7.500%, 05/15/2026 (B)	$	425		472
Bon-Ton Department Stores
8.000%, 06/15/2021		315		127
Cengage Learning
9.500%, 06/15/2024 (B)		185		164
CSC Holdings (B)
10.875%, 10/15/2025		125		150
10.125%, 01/15/2023		130		151
Cumulus Media Holdings
7.750%, 05/01/2019		115		32
Diamond Resorts International
10.750%, 09/01/2024 (B)		95		101
DISH DBS
5.875%, 11/15/2024		90		96
Guitar Center
9.625%, 04/15/2020 (B)		555		333
Hilton Domestic Operating
4.250%, 09/01/2024 (B)		105		107



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
iHeartCommunications PIK
14.000%, 02/01/2021	$	666	$	143
9.000%, 03/01/2021		115		86
Inn of the Mountain Gods Resort & Casino
9.250%, 11/30/2020 (B)(C)		220		198
Jacobs Entertainment
7.875%, 02/01/2024 (B)		95		103
KFC Holding
5.250%, 06/01/2026 (B)		150		158
McClatchy
9.000%, 12/15/2022		150		155
Penn National Gaming
5.625%, 01/15/2027 (B)		165		168
Scientific Games International
7.000%, 01/01/2022 (B)		225		240
SFR Group
7.375%, 05/01/2026 (B)		175		190
Sugarhouse HSP Gaming Finance
5.875%, 05/15/2025 (B)		65		63
Urban One (B)
9.250%, 02/15/2020		325		312
7.375%, 04/15/2022		95		98
Viking Cruises
8.500%, 10/15/2022 (B)		145		152
Ziggo Secured Finance BV
5.500%, 01/15/2027 (B)		145		148


				3,947


Consumer Staples – 0.1%
New Albertsons
7.450%, 08/01/2029		385		374
Rite Aid
7.700%, 02/15/2027		125		126

				500


Energy – 1.5%
California Resources
8.000%, 12/15/2022 (B)		170		108
CONSOL Energy
5.875%, 04/15/2022		155		152
Crestwood Midstream Partners
5.750%, 04/01/2025 (B)		245		244
Ensco
5.750%, 10/01/2044		165		108
EP PetroEcuador via Noble Sovereign Funding I
6.926%, 09/24/2019 (D)		240		239
Halcon Resources
6.750%, 02/15/2025 (B)		205		184
Jupiter Resources
8.500%, 10/01/2022 (B)		205		154
KCA Deutag UK Finance
9.875%, 04/01/2022 (B)		100		97



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Parker Drilling
6.750%, 07/15/2022	$	200	$	154
Petrobras Global Finance
4.375%, 05/20/2023		692		653
Petrobras Global Finance BV
8.375%, 05/23/2021		1,321		1,479
6.125%, 01/17/2022		682		703
Petrobras International Finance
5.375%, 01/27/2021		368		374
Petroleos Mexicanos
6.375%, 02/04/2021		549		594
5.375%, 03/13/2022		395		416
4.878%, 03/11/2022 (D)		278		300
4.250%, 01/15/2025		330		321
Petroleos Mexicanos MTN
6.875%, 08/04/2026		196		217
3.750%, 02/21/2024	EUR	196		231
1.875%, 04/21/2022		456		514
Rowan
5.850%, 01/15/2044	$	240		178
Transocean
9.100%, 12/15/2041		25		22
6.800%, 03/15/2038		290		212
5.800%, 10/15/2022		135		125

				7,779


Financials – 1.2%
Africa Finance
3.875%, 04/13/2024		622		616
BCD Acquisition
9.625%, 09/15/2023 (B)		140		151
Care Capital Properties
5.125%, 08/15/2026		150		152
Citigroup Global Markets Holdings
0.000%,07/13/2017	EGP	11,858		653
Citigroup Global Markets Holdings MTN (E)(E)
0.000%, 07/27/2017		10,394		565
0.000%, 09/14/2017		10,980		581
0.000%, 09/21/2017		11,007		581
0.000%, 10/12/2017		10,304		538
0.000%, 10/26/2017		11,418		592
CNG Holdings
9.375%, 05/15/2020 (B)	$	100		89
Credit Acceptance
6.125%, 02/15/2021		155		159
Eastern and Southern African Trade and Development Bank MTN
5.375%, 03/14/2022		665		677
JPMorgan Chase
5.150%, 04/05/2023 (D)		150		154
Navient
7.250%, 09/25/2023		100		108



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
6.750%, 06/25/2025	$	80	$	82
6.625%, 07/26/2021		100		108
6.500%, 06/15/2022		35		37
Springleaf Finance
7.750%, 10/01/2021		215		241

				6,084


Government – 0.1%
Republic of South Africa Government Bond
8.750%, 02/28/2048	ZAR	7,102		483


Health Care – 0.5%
Centene
4.750%, 01/15/2025	$	150		154
Envision Healthcare
6.250%, 12/01/2024 (B)		130		139
Kindred Healthcare
6.375%, 04/15/2022		250		246
Monitronics International
9.125%, 04/01/2020		540		514
Ortho-Clinical Diagnostics
6.625%, 05/15/2022 (B)		235		225
Tenet Healthcare
8.125%, 04/01/2022		455		483
Valeant Pharmaceuticals International (B)
7.500%, 07/15/2021		515		499
7.000%, 03/15/2024		30		32
6.750%, 08/15/2021		20		19
5.875%, 05/15/2023		25		21

				2,332


Industrials – 0.7%
Algeco Scotsman Global Finance
8.500%, 10/15/2018 (B)		150		140
AMN Healthcare
5.125%, 10/01/2024 (B)		150		152
Builders FirstSource
5.625%, 09/01/2024 (B)		150		156
Cenveo (B)
8.500%, 09/15/2022		400		240
6.000%, 08/01/2019		100		84
Global A&T Electronics
10.000%, 02/01/2019 (B)		450		334
Icahn Enterprises
6.750%, 02/01/2024		210		219
6.250%, 02/01/2022		150		156
New Enterprise Stone & Lime
10.125%, 04/01/2022 (B)		70		76
Prime Security Services Borrower
9.250%, 05/15/2023 (B)		450		489
RR Donnelley & Sons
6.000%, 04/01/2024		450		438



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Russian Railways via RZD Capital
4.375%, 03/01/2024	$	600	$	600
Standard Industries
6.000%, 10/15/2025 (B)		65		70
Xerium Technologies
9.500%, 08/15/2021		280		298

				3,452


Information Technology – 0.4%
BMC Software Finance
8.125%, 07/15/2021 (B)		100		104
Boxer Parent cash/0% PIK
9.000%, 10/15/2019 (B)		250		250
Dell International (B)
8.100%, 07/15/2036		150		189
7.125%, 06/15/2024		275		302
Micron Technology
5.250%, 08/01/2023 (B)		280		291
Rackspace Hosting
8.625%, 11/15/2024 (B)		290		309
Symantec
5.000%, 04/15/2025 (B)		200		209
Unisys
10.750%, 04/15/2022 (B)		215		235

				1,889


Materials – 0.3%
Allegheny Technologies
9.375%, 06/01/2019		175		190
Alpha 3 BV
6.250%, 02/01/2025 (B)		100		103
Cornerstone Chemical
9.375%, 03/15/2018 (B)		390		390
First Quantum Minerals (B)
7.500%, 04/01/2025		75		73
7.250%, 04/01/2023		35		34
7.000%, 02/15/2021		175		180
Freeport-McMoRan
5.450%, 03/15/2043		265		228
Rain CII Carbon
7.250%, 04/01/2025 (B)		310		320
TPC Group
8.750%, 12/15/2020 (B)		175		157

				1,675


Real Estate – 0.0%
Howard Hughes
5.375%, 03/15/2025 (B)		90		92



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Sovereign Debt – 0.2%
Mexican Bonos
6.500%, 06/09/2022	MXN	21,370	$	1,174


Telecommunication Services – 0.4%
CenturyLink
6.750%, 12/01/2023	$	35		38
5.625%, 04/01/2025		280		279
Digicel
6.000%, 04/15/2021 (B)		215		206
Digicel Group
7.125%, 04/01/2022 (B)		200		174
Embarq
7.995%, 06/01/2036		150		152
GTH Finance BV
6.250%, 04/26/2020		200		211
Intelsat Jackson Holdings
7.250%, 10/15/2020		165		156
Mauritius Investment
6.500%, 10/13/2026		515		540
Sprint
7.875%, 09/15/2023		135		155
T-Mobile USA
6.375%, 03/01/2025		95		103

				2,014


Total Corporate Obligations
(Cost $31,204) ($ Thousands)				31,421


SOVEREIGN DEBT – 3.9%
Argentina Bonar Bonds
21.927%, 10/09/2017(D)	ARS	24,871		1,569
Argentine Bonos del Tesoro
22.750%, 03/05/2018		15,744		953
21.200%, 09/19/2018		8,726		529
Argentine Republic Government International
Bond
7.820%, 12/31/2033	EUR	1,201		1,438
7.820%, 12/31/2033		407		497
7.125%, 06/28/2117	$	189		171
6.875%, 01/26/2027(B)		155		161
5.830%, 12/31/2033(D)	ARS	362		164
5.625%, 01/26/2022	$	376		385
5.000%, 01/15/2027	EUR	261		277
3.875%, 01/15/2022		776		879
2.260%, 12/31/2038(C)		228		162
2.260%, 12/31/2038(C)		1,426		1,026
Ecuador Government International Bond
10.750%, 03/28/2022	$	263		281
Egypt Government International Bond MTN
6.125%, 01/31/2022		866		885



Description	Face Amount (Thousands)		Market Value ($ Thousands)

SOVEREIGN DEBT (continued)
Guatemala Government Bond
4.375%, 06/05/2027	$	388	$	385
Hellenic Republic Government Bond
4.750%, 04/17/2019 (B)	EUR	1,581		1,832
Honduras Government International Bond
8.750%, 12/16/2020	$	200		227
Indonesia Treasury Bond
8.250%, 05/15/2036	IDR	7,100,000		571
Iraq Government International Bond
5.800%, 01/15/2028	$	451		400
National Highways Authority of India
7.300%, 05/18/2022	INR	40,000		624
Paraguay Government International Bond
4.625%, 01/25/2023	$	533		555
4.625%, 01/25/2023		200		209
Russian Federal Bond – OFZ
7.400%, 12/07/2022	RUB	199,318		3,306
Second Pakistan International Sukuk
6.750%, 12/03/2019	$	321		338
Ukraine Government International Bond
7.750%, 09/01/2019		703		726
7.750%, 09/01/2021		999		1,015
Uruguay Government International Bond
9.875%, 06/20/2022	UYU	11,691		421


Total Sovereign Debt (Cost $19,704) ($ Thousands)				19,986


LOAN PARTICIPATIONS – 1.9%
84 Lumber Company, Initial Term Loan, 1st Lien
6.750%, 10/25/2023	$	147		148
Acosta, (fk Acosta Holdco), Tranche B-1 Loan, 1st Lien
4.295%, 09/26/2021		156		139
AgroFresh, Term Loan, 1st Lien
5.750%, 07/31/2021		147		145
Air Medical Group Holdings, Initial Term Loan, 1st Lien
4.295%, 04/28/2022		147		144
Albaugh, LLC, Initial Term Loan
6.121%, 05/31/2021		146		147
Alliance HealthCare Services, Initial Term Loan, 1st Lien
4.496%, 06/03/2019		22		22
4.469%, 06/03/2019		26		26
4.430%, 06/03/2019		55		55
4.405%, 06/03/2019		44		44
Aricent Technologies (Aricent US), Initial Term Loan, 1st Lien
5.639%, 04/14/2021		303		304



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Aruba Investments, USD Term B-1 Loan, 2nd Lien
4.500%, 02/02/2022	$	219	$	219
BioClinica Holding I, LP, Initial Term Loan, 1st Lien
5.250%, 10/20/2023		110		108
BMC Foreign Holding Company Unlimited, Term Loan B1, 1st Lien
5.000%, 09/10/2022		61		61
Brickman Group Ltd. LLC, The, Initial Term Loan, 1st Lien
4.022%, 12/18/2020		101		101
4.000%, 12/18/2020		71		70
Calceus Acquisition, Term B-1 Loan, 1st Lien
5.050%, 01/31/2020		199		181
Cengage Learning, 2016 Refinancing erm
Loan, 2nd Lien
5.339%, 06/07/2023		247		233
CenturyLink, Cov-Lite, Term Loan B, 1st Lien
1.375%, 01/31/2025		131		130
Change Healthcare Holdings, (fk Emdeon), Closing Date Term Loan, 1st Lien
3.795%, 03/01/2024		152		152
Checkers Drive-In, Term Loan, 1st Lien
5.410%, 04/17/2024		120		119
CHS/Community Health Systems, Incremental 2021 Term H Loan, 1st Lien
4.202%, 01/27/2021 (F)		188		188
Communications Sales & Leasing, (CSL Capital, LLC), Shortfall Term Loan, 1st Lien
4.045%, 10/24/2022		228		228
CompuCom Systems, Term Loan, 1st Lien
4.300%, 05/09/2020		335		262
Cumulus Media Holdings, Term Loan, 1st Lien
4.300%, 12/23/2020		380		306
Digicel, Term Loan, 1st Lien
4.940%, 05/10/2024 (F)		75		75
DTZ U.S. Borrower, LLC (DTZ AUS Holdco PTY Limited), 2015-1 Additional Term Loan
4.452%, 11/04/2021		115		115
4.422%, 11/04/2021		30		30
4.250%, 11/04/2021		5		5
Endo Luxembourg Finance Company I SARL, Initial Term Loan, 1st Lien
5.313%, 04/29/2024		62		62
Expera, Term Loan, 1st Lien
5.795%, 11/03/2023 (F)		145		146
Fort Dearborn Holding, Initial Term Loan, 1st Lien
5.150%, 10/19/2023		150		150



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Gates Global LLC, Initial B-1 Dollar Term Loan, 1st Lien
5.045%, 04/01/2024	$	119	$	119
Go Daddy Operating LLC (GD Finance), Initial Term Loan, 1st Lien
3.545%, 02/15/2024		100		100
Harrah's, Cov-Lite, Term Loan, 1st Lien
0.000%, 04/04/2024 (F)		184		184
Hoffmaste Group, Initial Term Loan, 1st Lien
5.545%, 11/21/2023		200		201
Horseshoe Baltimore, Cov-Lite, Term Loan B, 1st Lien
0.000%, 06/28/2024		215		214
Lantheus Medical Imaging, Initial Term Loan, 1st Lien
5.500%, 06/30/2022 (F)		90		91
Lumiileds, Cov-Lite, Term Loan, 1st Lien
0.000%, 03/15/2024 (F)		101		102
Mashantucket (Western) Pequot Tribe, Term A Loan
5.045%, 07/01/2018		140		130
Mashantucket (Western) Pequot Tribe, Term B Loan, 2nd Lien
9.375%, 06/30/2020		520		478
McGraw-Hill Global Education Holdings, LLC, Term B Loan, 1st Lien
5.045%, 05/04/2022		154		152
Misys, Cov-Lite, Term Loan B, 1st Lien
4.736%, 04/26/2024		136		136
Mohegan Tribal Gaming Authority, Term B Loan, 2nd Lien
5.045%, 10/13/2023		146		147
Mount Airy LLC, Term Loan, 1st Lien
0.000%, 04/19/2018 (F)		170		170
Onex Carestream Finance LP, Term Loan (First Lien 2013), 1st Lien
5.147%, 06/07/2019		75		75
Onex Carestream Finance LP, Term Loan, 2nd Lien
9.647%, 12/07/2019		403		394
Ortho-Clinical Diagnostics Holdings Luxembourg SARL, Initial Term Loan, 2nd Lien
4.783%, 06/30/2021		320		318
Patterson Medical, Term Loan, 1st Lien
0.000%, 08/29/2022		148		144
Radio One, Term Loan, 1st Lien
5.080%, 04/18/2023		121		119
Red Lobster Management LLC, Initial Term Loan, 1st Lien
6.250%, 07/28/2021 (F)		148		148



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Revlon Consumer Products, Initial Term B Loan, 1st Lien
4.544%, 09/07/2023	$	163	$	152
Spencer Gifts LLC (Spirit Halloween Superstores LLC), Term B-1 Loan
5.280%, 07/16/2021		181		142
Sprint Communications, Initial Term Loan, 1st Lien
3.750%, 02/02/2024		334		333
SuperValue, Term Loan, 1st Lien
4.589%, 06/02/2024		100		97
Switch, Tem Loan, 1st Lien
0.000%, 06/22/2024		135		136
Syniverse Holdings, Initial Term Loan, 1st Lien
4.172%, 04/23/2019		214		199
Syniverse Holdings, Tranche B Term Loan, 1st Lien
4.147%, 04/23/2019		121		113
Team Health Holdings, Initial Term Loan, 1st Lien
3.795%, 02/06/2024		231		229
Tronc, Inc. (fk Tribune Publishing Company), Initial Term Loan, 1st Lien
5.750%, 08/04/2021		14		14
Ultra Resources, Loan, 1st Lien
4.117%, 04/12/2024		73		73
4.000%, 04/12/2024		24		24
UPC Financing Partnership , Facility AP, 1st Lien
3.742%, 04/15/2025		158		158
Valeant Pharmaceuticals International, Series F Tranche B Term Loan, 1st Lien
5.830%, 04/01/2022		77		78
Virgin Media Bristol LLC, I Facility, 1st Lien
3.909%, 01/31/2025		172		172

Total Loan Participations
(Cost $9,428) ($ Thousands)				9,457


	Shares

PREFERRED STOCK – 0.2%

Consumer Discretionary – 0.0%
Schaeffl , 0.000%		2,382		34


Financials – 0.2%
FHLMC, 8.375% (D)		74,779		408
FNMA, 8.250% (D)		65,836		379


				787


Total Preferred Stock
(Cost $504) ($ Thousands)				821



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS – 0.1%

Puerto Rico – 0.1%
Commonwealth of Puerto Rico, Ser A, GO Callable 07/01/2020 @ 100
8.000%, 07/01/2035 (G)	$	500	$	304
Government Development Bank for Puerto Rico, Ser H, RB
4.150%, 08/01/2017 (G)		10		3
Government Development Bank for Puerto Rico, Ser H, RB Callable 08/04/2017 @ 100
5.000%, 08/01/2023 (G)		85		29
4.500%, 08/01/2019 (G)		20		7
Government Development Bank for Puerto Rico, Ser Senior A, RB
4.375%, 02/01/2019 (G)		15		5
Government Development Bank for Puerto Rico, Ser Senior A, RB
Callable 07/25/2017 @ 100
5.500%, 08/01/2020 (G)		15		5
Government Development Bank for Puerto Rico, Ser Senior B, RB
4.704%, 05/01/2016 (G)		5		2
Government Development Bank for Puerto Rico, Ser Senior C, RB
Callable 07/25/2017 @ 100
5.400%, 08/01/2019 (G)		20		7


				362


Texas – 0.0%
Texas State, Public Finance Authority, RB Callable 07/01/2019 @ 100
8.250%, 07/01/2024		300		318


Total Municipal Bonds (Cost $720) ($ Thousands)				680


CONVERTIBLE BONDS – 0.1%
Liberty Media CV to 16.7764
3.750%, 02/15/2030		105		70
Liberty Media CV to 22.94686
4.000%, 11/15/2029		400		268
MGIC Investment CV to 74.0741
9.000%, 04/01/2063 (B)		230		302


Total Convertible Bonds (Cost $607) ($ Thousands)				640



Description	Face Amount (Thousands)			Market Value ($ Thousands)

MORTGAGE-BACKED SECURITY – 0.0%

Non-Agency Mortgage-Backed Obligations – 0.0%
Motel 6 Trust, Ser 2015-MTL6, Cl D
4.532%, 02/05/2020 (B)	$	215		$	215


Total Mortgage-Backed Security (Cost $217) ($ Thousands)					215


U.S. TREASURY OBLIGATION – 2.6%
U.S. Treasury Bills
0.754%, 11/09/2017 (E)		13,000			12,951


Total U.S. Treasury Obligation (Cost $12,964) ($ Thousands)					12,951


	Shares

CASH EQUIVALENT – 15.7%
SEI Daily Income Trust, Government Fund, Cl F
0.760%**†		80,001,709			80,002


Total Cash Equivalent (Cost $80,002) ($ Thousands)					80,002


Total Investments – 100.5% (Cost $501,017) ($ Thousands) @				$	510,927


COMMON STOCK SOLD SHORT– (19.7)%

Consumer Discretionary – (5.1)%
Acushnet Holdings		(4,969	)		(99	)
adidas		(11,198	)		(2,142	)
Adient		(5,457	)		(357	)
Amazon.com, Cl A *		(372	)		(360	)
Bayerische Motoren Werke		(10,956	)		(1,016	)
Bloomin' Brands		(60,403	)		(1,282	)
BorgWarner		(3,955	)		(168	)
Burlington Stores *		(3,702	)		(341	)
Canada Goose Holdings *		(42,824	)		(846	)
CarMax *		(7,113	)		(449	)
Charter Communications, Cl A *		(1,791	)		(603	)
Children's Place		(720	)		(73	)
Cie Financiere Richemont		(1,575	)		(130	)
Daimler		(14,167	)		(1,024	)
Domino's Pizza		(1,938	)		(410	)
Dunkin' Brands Group		(8,025	)		(442	)
Fossil Group *		(38,199	)		(395	)
Gentex		(58,872	)		(1,117	)
Harley-Davidson, Cl A		(7,364	)		(398	)
Hilton Worldwide Holdings		(4,711	)		(291	)
Las Vegas Sands		(10,848	)		(693	)



Description	Shares			Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)
La-Z-Boy, Cl Z		(4,662	)	$	(152	)
LCI Industries		(4,283	)		(439	)
Lennar, Cl A		(11,208	)		(598	)
Liberty Broadband, Cl C *		(6,803	)		(590	)
Liberty Ventures, Ser A *		(4,729	)		(247	)
Mattel		(18,332	)		(395	)
NetFlix *		(4,852	)		(725	)
Polaris Industries		(19,468	)		(1,796	)
Rakuten		(7,400	)		(87	)
Red Rock Resorts, Cl A		(20,602	)		(485	)
Renault		(4,105	)		(371	)
Restaurant Brands International		(12,833	)		(803	)
Ross Stores		(7,328	)		(423	)
SEB		(2,181	)		(391	)
Select Comfort *		(38,763	)		(1,376	)
Shutterfl *		(8,317	)		(395	)
Sirius XM Holdings		(94,376	)		(516	)
Tesla Motors *		(1,621	)		(586	)
TJX		(3,779	)		(273	)
Tribune Media, Cl A		(4,303	)		(175	)
Universal Electronics *		(4,448	)		(297	)
VF		(17,073	)		(983	)
Wayfair, Cl A *		(732	)		(56	)
Winnebago Industries		(10,861	)		(380	)
Wynn Resorts		(4,175	)		(560	)
Yokohama Rubber		(700	)		(14	)
Yoox Net-A-Porter Group, Cl A *		(5,760	)		(159	)


					(25,908	)


Consumer Staples – (1.3)%
Anheuser-Busch InBev		(127	)		(14	)
Anheuser-Busch InBev ADR		(3,160	)		(349	)
Costco Wholesale		(979	)		(157	)
Coty, Cl A		(25,500	)		(478	)
CVS Health		(4,691	)		(377	)
Davide Campari-Milano		(39,717	)		(279	)
Dean Foods		(46,176	)		(785	)
Dr Pepper Snapple Group		(9,651	)		(879	)
Flowers Foods		(20,845	)		(361	)
Kellogg		(6,709	)		(466	)
Philip Morris International		(3,109	)		(365	)
Sanderson Farms		(5,921	)		(685	)
Snyder's-Lance		(15,816	)		(548	)
TreeHouse Foods *		(7,302	)		(597	)


					(6,340	)


Energy – (1.1)%
BP ADR		(24	)		(1	)
Callon Petroleum *		(16,515	)		(175	)
Centennial Resource Development, Cl A *		(23,593	)		(373	)
Cheniere Energy *		(12,306	)		(600	)



Description	Shares			Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)
Diamondback Energy, Cl A *		(3,874	)	$	(344	)
Encana		(3,400	)		(30	)
Ensco, Cl A		(10,501	)		(54	)
EQT		(11,235	)		(658	)
International Petroleum *		(6,674	)		(20	)
Oasis Petroleum *		(24,886	)		(200	)
Parsley Energy, Cl A *		(17,334	)		(481	)
Patterson-UTI Energy		(3,289	)		(66	)
PDC Energy, Cl A *		(6,614	)		(285	)
Schlumberger, Cl A		(12,880	)		(848	)
Tenaris ADR		(11,366	)		(354	)
US Silica Holdings		(8,206	)		(291	)
Weatherford International *		(64,503	)		(250	)
WPX Energy *		(28,991	)		(280	)


					(5,310	)


Financials – (2.0)%
Allstate		(3,373	)		(298	)
Australia & New Zealand Banking Group		(17,488	)		(385	)
Banco BPM *		(127,738	)		(427	)
Bank of the Ozarks		(8,378	)		(393	)
BNP Paribas		(2,377	)		(171	)
Chemical Financial		(8,027	)		(389	)
Citigroup		(158	)		(10	)
Commonwealth Bank of Australia		(2,600	)		(165	)
Credit Acceptance, Cl A *		(5,100	)		(1,311	)
Deutsche Bank		(22,172	)		(393	)
Evercore Partners, Cl A		(12,307	)		(868	)
Factset Research Systems		(5,460	)		(907	)
FNB (Pennsylvania)		(27,418	)		(388	)
Fukuoka Financial Group		(78,000	)		(371	)
JPMorgan Chase		(4,353	)		(398	)
Macquarie Group		(5,048	)		(343	)
Mitsubishi UFJ Financial Group		(56,200	)		(377	)
National Australia Bank		(16,262	)		(369	)
Progressive		(6,957	)		(307	)
Royal Bank of Scotland Group *		(120,233	)		(386	)
Svenska Handelsbanken, Cl A		(26,057	)		(373	)
Trisura Group *		(14	)		–
UniCredit		(21,964	)		(410	)
Unione di Banche Italiane		(115,029	)		(494	)
Wells Fargo		(7,002	)		(388	)


					(10,321	)


Health Care – (1.7)%
ACADIA Pharmaceuticals *		(12,337	)		(344	)
Alnylam Pharmaceuticals *		(6,495	)		(518	)
Amgen, Cl A		(2,150	)		(370	)
Becton Dickinson		(5,834	)		(1,138	)
Bluebird Bio *		(3,762	)		(395	)
Clovis Oncology *		(2,563	)		(240	)



Description	Shares			Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)
Cotiviti Holdings *		(6,493	)	$	(241	)
Envision Healthcare *		(6,657	)		(417	)
Gilead Sciences		(5,715	)		(405	)
ICU Medical *		(2,236	)		(386	)
Kite Pharma *		(394	)		(41	)
Medicines *		(4,197	)		(160	)
Medtronic		(2,762	)		(245	)
Merck		(5,542	)		(355	)
Mylan *		(13,823	)		(537	)
Nektar Therapeutics, Cl A *		(10,253	)		(200	)
Neurocrine Biosciences *		(7,870	)		(362	)
Patterson		(15,906	)		(747	)
PeptiDream *		(9,800	)		(310	)
Pfize		(15,431	)		(518	)
Puma Biotechnology *		(2,870	)		(251	)
Sanofi		(3,794	)		(362	)
Sarepta Therapeutics *		(1,586	)		(54	)
Ultragenyx Pharmaceutical *		(4,106	)		(255	)


					(8,851	)


Industrials - (2.8)%
Acuity Brands		(2,173	)		(442	)
Airbus		(7,219	)		(593	)
Allison Transmission Holdings		(19,766	)		(741	)
Amerco		(2,506	)		(917	)
AP Moeller–Maersk, Cl B		(102	)		(205	)
Argan		(19,195	)		(1,152	)
Bollore		(80,048	)		(364	)
Bombardier, Cl B *		(323,384	)		(588	)
Caterpillar, Cl A		(3,584	)		(385	)
CNH Industrial		(54,140	)		(612	)
CSX		(2,680	)		(146	)
Cummins		(2,838	)		(460	)
Harmonic Drive Systems		(700	)		(24	)
Kirby *		(7,102	)		(475	)
Kone, Cl B		(7,193	)		(365	)
MonotaRO		(12,200	)		(393	)
Nibe Industrier, Cl B		(10,543	)		(100	)
PACCAR		(13,011	)		(859	)
Patrick Industries *		(8,366	)		(610	)
Snap-on		(4,914	)		(776	)
Spirit Airlines *		(36,744	)		(1,898	)
TransDigm Group		(1,371	)		(369	)
Volvo, Cl B		(25,861	)		(440	)
Wabtec		(4,515	)		(413	)
Weir Group		(15,846	)		(356	)
Westpac Banking		(15,536	)		(364	)
Zodiac Aerospace		(14,368	)		(389	)


					(14,436	)



Description	Shares			Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)
Information Technology – (3.3)%
Advanced Micro Devices *		(23,274	)	$	(290	)
ams		(7,069	)		(459	)
Apple		(3,900	)		(562	)
Arista Networks *		(2,652	)		(397	)
Bankrate *		(26,154	)		(336	)
Broadcom, Cl A		(2,395	)		(558	)
Coherent *		(1,898	)		(427	)
Constellation Software		(613	)		(320	)
Cornerstone OnDemand *		(19,994	)		(715	)
Cypress Semiconductor		(42,916	)		(586	)
DXC Technology		(4,525	)		(347	)
EchoStar, Cl A *		(5,117	)		(311	)
FleetCor Technologies *		(3,326	)		(480	)
Global Payments		(4,113	)		(371	)
GrubHub *		(25,442	)		(1,109	)
InterXion Holding *		(3,990	)		(183	)
Just Eat *		(51,136	)		(435	)
Keysight Technologies *		(9,567	)		(372	)
Leidos Holdings		(6,658	)		(344	)
LogMeIn		(3,398	)		(355	)
MACOM Technology Solutions Holdings *		(7,102	)		(396	)
Micron Technology *		(14,086	)		(421	)
MKS Instruments		(4,305	)		(290	)
MoneyGram International *		(25,771	)		(444	)
NETGEAR *		(20,073	)		(865	)
NetScout Systems *		(1,077	)		(37	)
Nintendo		(1,800	)		(604	)
Nvidia		(2,360	)		(341	)
Okta, Cl A *		(10,020	)		(228	)
Pandora Media *		(36,090	)		(322	)
Qualys *		(10,730	)		(438	)
Rosetta Stone *		(47,380	)		(511	)
Shopify *		(3,815	)		(331	)
Square, Cl A *		(15,327	)		(359	)
Sumco		(27,000	)		(391	)
Symantec, Cl A		(12,917	)		(365	)
Telefonaktiebolaget LM Ericsson, Cl B		(50,907	)		(364	)
Ultra Clean Holdings *		(15,445	)		(290	)
Universal Display		(3,732	)		(408	)
Zillow Group, Cl C *		(7,555	)		(370	)


					(16,732	)


Materials – (1.5)%
Antofagasta		(56,263	)		(584	)
ArcelorMittal		(23,149	)		(524	)
BHP Billiton		(32,482	)		(580	)
Cabot		(14,907	)		(796	)
CF Industries Holdings		(17,266	)		(483	)
First Quantum Minerals (Canada)		(48,402	)		(409	)
International Flavors & Fragrances		(3,551	)		(479	)



Description	Shares			Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)
K+S		(14,506	)	$	(371	)
Kraton *		(17,512	)		(603	)
L'Oreal		(1,533	)		(319	)
Louisiana-Pacifi *		(20,942	)		(505	)
LyondellBasell Industries, Cl A		(3,081	)		(260	)
OCI *		(23,941	)		(526	)
Rio Tinto		(2,858	)		(139	)
Rio Tinto ADR		(8,989	)		(380	)
RPC Group		(23,415	)		(229	)
Wheaton Precious Metals		(29,275	)		(581	)


					(7,768	)


Real Estate – (0.3)%
Kennedy-Wilson Holdings ^‡		(39,105	)		(745	)
RLJ Lodging Trust ^‡		(16,584	)		(329	)
Sabra Health Care ^‡		(7,120	)		(172	)
Summit Hotel Properties ^‡		(16,228	)		(303	)


					(1,549	)


Telecommunication Services – (0.6)%
AT&T		(11,911	)		(449	)
Boingo Wireless *		(67,706	)		(1,013	)
Consolidated Communications Holdings		(10,129	)		(217	)
SFR Group *		(5,281	)		(179	)
Sprint *		(40,644	)		(334	)
Vonage Holdings *		(91,700	)		(600	)


					(2,792	)


Total Common Stock Sold Short (Proceeds $95,192) ($ Thousands)					(100,007	)


EXCHANGE TRADED FUNDS SOLD SHORT– (1.2)%
Consumer Staples Select Sector SPDR Fund		(17,466	)		(960	)
iShares iBoxx $ High Yield Corporate Bond Fund		(6,799	)		(601	)
iShares Russell 2000 Fund		(8,038	)		(1,133	)
iShares U.S. Home Construction ETF		(3,753	)		(127	)
iShares US Telecommunications ETF		(20,563	)		(663	)
Powershares QQQ		(4,131	)		(569	)
SPDR S&P 500 Trust		(8,408	)		(2,033	)
VanEck Vectors Semiconductor Fund		(4,072	)		(333	)


					(6,419	)


Total Exchange Traded Funds Sold Short (Proceeds $6,401) ($ Thousands)					(6,419	)



Description	Shares		Market Value ($ Thousands)

PREFERRED STOCK SOLD SHORT– (0.3)%
Consumer Discretionary – (0.2)%
Porsche Automobil Holding, 0.000%		(10,177)	$	(571	)
Volkswagen, 0.000%		(3,837)		(584	)


				(1,155	)


Health Care – (0.1)%
Sartorius, 0.000%		(4,454)		(429	)


Total Preferred Stock Sold Short (Proceeds $1,487) ($ Thousands)				(1,584	)


Total Investments Sold Short – (21.2)% (Proceeds $103,080) ($ Thousands) #			$	(108,012	)


	Contracts

PURCHASED OPTIONS – 0.0%
Advisory Board, Expires 07/22/2017, Strike Price $45.00*		93		2
Akorn, Expires 09/16/2017, Strike Price $35.00*		81		1
AT&T, Expires 07/22/2017, Strike Price $40.00*		123		–
August 17 Puts on SPX, Expires 08/19/2017, Strike Price $2,250.00*		29		10
August 17 Puts on SPX, Expires 08/19/2017, Strike Price $2,410.00*		25		54
CenturyLink, Expires 09/16/2017, Strike Price $27.00*		44		–
CenturyLink, Expires 01/20/2018, Strike Price $30.00*		55		1
CenturyLink, Expires 10/21/2017, Strike Price $26.00*		36		–
CenturyLink, Expires 09/16/2017, Strike Price $29.00*		156		1
CenturyLink, Expires 10/21/2017, Strike Price $27.00*		92		3
CenturyLink, Expires 10/21/2017, Strike Price $28.00*		153		3
CenturyLink, Expires 09/16/2017, Strike Price $30.00*		150		1
Clariant, Expires 08/19/2017, Strike Price $23.00*		110		2
Clariant, Expires 08/19/2017, Strike Price $22.00*		37		2
Dominion Diamond, Expires 07/22/2017, Strike Price $12.50*		213		6
Ensco, Expires 12/16/2017, Strike Price $10.00*		183		2
Ensco, Expires 01/20/2018, Strike Price $8.00*		29		1



Description	Contracts		Market Value ($ Thousands)

PURCHASED OPTIONS (continued)
Ensco, Expires 09/16/2017, Strike Price $7.00*		111	$	2
Ensco, Expires 12/16/2017, Strike Price $8.00*		115		2
Ensco, Expires 09/16/2017, Strike Price $8.00*		314		2
Ensco, Expires 12/16/2017, Strike Price $9.00*		122		2
Ensco, Expires 09/16/2017, Strike Price $6.00*		181		6
Ensco, Expires 08/19/2017, Strike Price $5.00*		14		1
Equities, Expires 08/19/2017, Strike Price $65.00*		24		2
Hain Celestial Group, Expires 07/22/2017, Strike Price $35.00*		48		20
ICON, Expires 07/22/2017, Strike Price $90.00*		54		1
July 17 Puts on SPX, Expires 07/22/2017, Strike Price $2,420.00*		7		13
July 17 Puts on SPX, Expires 07/22/2017, Strike Price $2,260.00*		6		1
Kennedy-Wilson Holdings, Expires 08/19/2017, Strike Price $20.00*		55		1
Kennedy-Wilson Holdings, Expires 09/16/2017, Strike Price $20.00*		158		5
Laboratory Corp of America Holdings, Expires 07/22/2017, Strike Price $135.00*		55		1
MoneyGram International, Expires 11/18/2017, Strike Price $17.50*		90		1
MoneyGram International, Expires 08/19/2017, Strike Price $17.50*		25		–
Monsanto, Expires 07/22/2017, Strike Price $110.00*		92		1
QUALCOMM, Expires 08/19/2017, Strike Price $55.00*		21		4
Rite Aid, Expires 08/19/2017, Strike Price $6.00*		2		–
Rite Aid, Expires 08/19/2017, Strike Price $5.00*		2		–
Rite Aid, Expires 07/22/2017, Strike Price $6.00*		343		–
Rite Aid, Expires 07/22/2017, Strike Price $5.00*		92		–
Sinclair Broadcast Group, Expires 09/16/2017, Strike Price $39.00*		28		1
Sinclair Broadcast Group, Expires 09/16/2017, Strike Price $45.00*		56		–
Sinclair Broadcast Group, Expires 09/16/2017, Strike Price $40.00*		37		1



Description	Contracts			Market Value ($ Thousands)

PURCHASED OPTIONS (continued)
Sinclair Broadcast Group, Expires 12/16/2017, Strike Price $41.00*		55		$	4
Staples, Expires 07/22/2017, Strike Price $9.00*		121			14
T-Mobile US, Expires 11/18/2017, Strike Price $70.00*		45			4
T-Mobile US, Expires 11/18/2017, Strike Price $75.00*		84			2
T-Mobile US, Expires 07/22/2017, Strike Price $61.50*		44			4
Tribune Media, Expires 10/21/2017, Strike Price $45.00*		82			–
Tyson Foods, Expires 08/19/2017, Strike Price $65.00*		84			13
VanEck Vectors Semiconductor ETF, Expires 08/19/2017, Strike Price $78.00*		18			–


Total Purchased Options (Cost $284) ($ Thousands)				$	197


WRITTEN OPTIONS – 0.0%
August 17 Puts on SPX, Expires 08/19/2017 Strike Price $2,330.00*		(58	)		(39	)
Hain Celestial Group, Expires 07/22/2017 Strike Price $37.00*		(48	)		(11	)
July 17 Puts on SPX, Expires 07/22/2017 Strike Price $2,340.00*		(12	)		(5	)
Tyson Foods, Expires 08/19/2017 Strike Price $57.50*		(84	)		(6	)


Total Written Options (Premiums Received $53) ($ Thousands)				$	(61	)

A list of the open futures contracts held by the Fund at June 30, 2017, is as follows:



Type of Contract	Number of Contracts Short			Expiration Date		Unrealized Appreciation ($ Thousands)
Euro-Bobl		(3	)		Sep-2017	$	5
Euro-Buxl 30 Year Bond		(7	)		Sep-2017		31
S&P 500 Index E-MINI		(7	)		Sep-2017		2
U.S. 10-Year Treasury Note		(19	)		Sep-2017		11

						$	49

A list of the open forward foreign currency contracts held by the Fund at June 30, 2017 is as follows:



Settlement Date		Currency to Deliver (Thousands)			Currency To Receive (Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
07/21/17-09/20/17	USD		896	ARS		14,576		$(30)
07/21/17-09/20/17	ARS		14,576	USD		896		31
07/31/17	GBP		543	USD		696		(10)
09/20/17	USD		824	INR		53,676		(1)
09/20/17	USD		1,081	EUR		966		25
09/20/17	USD		1,771	TRY		6,361		(7)
09/20/17-01/10/18	EUR		6,098	USD		6,825		(159)
09/20/17	ZAR		14,082	USD		1,067		6
09/20/17	MXN		20,973	USD		1,152		8
09/20/17	RUB		264,661	USD		4,478		86
11/29/17-01/10/18	EUR		3,182	CZK		84,680		90
12/15/17-01/10/18	CZK		44,491	EUR		1,663		(59)

								$(20)

A list of open OTC swap agreements held by the Fund at June 30, 2017, is as follows:

A list of open centrally cleared swap agreements held by the Fund at June 30, 2017, is as follows:

Percentages are based on Net Assets of $508,371 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of June 30, 2017.

^†	Investment in Affiliated Security.

^‡	Real Estate Investment Trust.

(A)	Security is a Master Limited Partnership. At June 30, 2017, such securities amounted to $965 ($ Thousands), or 0.0% of the net assets of the Fund.

(B)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On June 30, 2017, the value of these securities amounted to $15,409 ($ Thousands), representing 3.0% of the Net Assets of the Fund.

(C)	Step Bonds – The rate reflected on the Schedule of Investments is the effective yield on June 30, 2017. The coupon on a step bond changes on a specified date.

(D)	Variable Rate Security – The rate reported on the Schedule of Investments is the rate in effect as of June 30, 2017.

(E)	Zero coupon security. The rate shown on the Schedule of Investments is the security's effective yield at the time of purchase.

(F)	The rate reported is the effective yield at the time of purchase.

(G)	Security is in default on interest payment.

(H)	Unsettled bank loan. Interest rate not available.

@ At June 30, 2017, the tax basis cost of the Fund's investments was $501,017 ($ Thousands), and the unrealized appreciation and depreciation were $21,879 ($ Thousands) and $(11,969) ($Thousands),respectively.

# At June 30, 2017, the tax basis proceeds of the Fund's securities sold short were $103,080 ($ Thousands), and the unrealized appreciation and depreciation were $3,276 ($ Thousands) and $(8,208) ($Thousands), respectively.

ADR – American Depositary Receipt

ARS – Argentine Peso

BRL – Brazilian Real

CDI – Average One-Day Interbank Deposit Rate

Cl – Class

CZK – Czech Koruna

EGP – Egyptian Pound

ETF – Exchange Traded Fund

EUR – Euro

FHLMC – Federal Home Loan Mortgage Corporation

FNMA – Federal National Mortgage Association

GBP – British Pound

GO – General Obligation

IDR – Indonesian Rupiah

INR – Indian Rupee

LIBOR – London Interbank Offered ate

LLC – Limited Liability Company

LP – Limited Partnership

Ltd – Limited

MTN – Medium Term Note

MXN – Mexican Peso

OTC – Over the Counter

PIK – Payment-in-Kind

RB – Revenue Bond

RUB – Russian Ruble

S&P– Standard & Poor’s

SPX – Standard & Poor’s 500 Index

TRY – Turkish Lira

USD – United States Dollar

UYU – Uruguayan Peso

ZAR – South African Rand

The following is a list of the levels of inputs used as of June 30, 2017 in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands)


Investments in Securities	Level 1			Level 2			Level 3		Total
Common Stock	$	191,237		$	–		$	–	$	191,237
Registered Investment Companies		163,517			–			–		163,517
Corporate Obligations		–			31,421			–		31,421
Sovereign Debt		–			19,986			–		19,986
Loan Participations		–			8,844			613		9,457
Preferred Stock		821			–			–		821
Municipal Bonds		–			680			–		680
Convertible Bonds		–			640			–		640
Mortgage-Backed Security		–			215			–		215
U.S. Treasury Obligation		–			12,951			–		12,951
Cash Equivalent		80,002			–			–		80,002

Total Investments in Securities	$	435,577		$	74,737		$	613	$	510,927


Securities Sold Short	Level 1			Level 2			Level 3		Total
Common Stock	$	(100,007	)	$	–		$	–	$	(100,007	)
Exchange Traded Funds		(6,419	)		–			–		(6,419	)
Preferred Stock		(1,584	)		–			–		(1,584	)
Unfunded Loan Participation		–			(2	)		–		(2	)

Total Securities Sold Short	$	(108,010	)	$	(2	)	$	–	$	(108,012	)


Other Financial Instruments	Level 1			Level 2			Level 3		Total
Purchased Options	$	197		$	–		$	–	$	197
Written Options Futures Contracts *		(61	)		–			–		(61	)
Unrealized Appreciation		49			–			–		49
Forwards Contracts *
Unrealized Appreciation		–			246			–		246
Unrealized Depreciation		–			(266	)		–		(266	)
OTC Swaps
Cross Currency Swaps *
Unrealized Depreciation		–			(16	)		–		(16	)
Credit Default Swaps *
Unrealized Appreciation		–			33			–		33
Total Return Swaps *
Unrealized Appreciation		–			850			–		850
Unrealized Depreciation		–			(280	)		–		(280	)
Centrally Cleared Swaps
Interest Rate Swaps *
Unrealized Appreciation		–			67			–		67
Unrealized Depreciation		–			(21	)		–		(21	)
Credit Default Swaps *
Unrealized Appreciation		–			310			–		310
Unrealized Depreciation		–			(336	)		–		(336	)

Total Other Financial Instruments	$	185		$	587		$	–	$	772

*Futures contracts, forwards contracts and swap contracts are valued at the unrealized appreciation/(depreciation) on the instrument.

For the period ended June 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended June 30, 2017, there were no transfers from Level 2 into Level 3 assets and liabilities.

Amounts designated as “–” are $0 or have been rounded to $0.

The following is a summary of the transactions with affiliates for the period ended June 30, 2017 ($ Thousands):

As of June 30, 2017, Multi-Strategy Alternative Fund is the buyer (“receiving protection”) on a total notional amount of $12.2 million and the seller (“providing protection”) on a total notional amount of $7.3 million. The notional amounts of the swaps are not recorded in the financial statements. The notional amounts approximate the maximum potential amount of future payments that the Fund could be required to make if the Fund were the seller of protection and a credit event was to occur. Those credit default swaps (“CDS”) for which the Fund is providing protection are summarized as follows:

[1] If Management uses credit ratings to evaluate the credit risk of an underlying asset, it may use such ratings in its disclosure by replacing credit spreads by credit ratings.



Description	Face Amount (Thousands)		Market Value ($ Thousands)

U.S. TREASURY OBLIGATIONS – 47.7%
U.S. Treasury Bills(A)
1.117%, 12/28/2017	$	13,942	$	13,865
1.106%, 12/14/2017		35,016		34,846
1.074%, 12/07/2017(B)		53,409		53,160
1.062%, 11/30/2017(B)		63,636		63,356
1.056%, 11/24/2017(B)		27,432		27,316
1.025%, 11/16/2017(B)		25,679		25,577
0.980%, 11/02/2017(B)		4,634		4,617
0.977%, 09/07/2017(B)		115,326		115,125
0.958%, 10/26/2017(B)		7,490		7,465
0.914%, 10/05/2017(B)		9,887		9,861
0.672%, 08/24/2017(B)		8,784		8,772
0.672%, 08/31/2017		1,448		1,446
0.647%, 08/17/2017(B)		7,570		7,561
0.627%, 08/03/2017(B)		105,001		104,924
0.607%, 07/20/2017(B)		388,464		388,321
0.602%, 07/27/2017		14,100		14,092
0.592%, 07/13/2017(B)		1,416		1,416
U.S. Treasury Inflation Protected Securities
3.875%, 04/15/2029		2,112		2,868
3.625%, 04/15/2028		851		1,112
3.375%, 04/15/2032		2,066		2,839
2.625%, 07/15/2017		708		708
2.500%, 01/15/2029		2,114		2,541
2.375%, 01/15/2025		3,203		3,649
2.375%, 01/15/2027		788		915
2.125%, 01/15/2019		4,328		4,468
2.125%, 02/15/2041		1,190		1,487
2.000%, 01/15/2026		2,569		2,879
1.875%, 07/15/2019		1,722		1,795
1.750%, 01/15/2028		1,137		1,267
1.375%, 07/15/2018		4,989		5,068
1.375%, 01/15/2020		2,683		2,781
1.375%, 02/15/2044		1,049		1,141
1.250%, 07/15/2020		3,200		3,336
1.125%, 01/15/2021		2,048		2,127
1.000%, 02/15/2046		5,160		5,155
0.750%, 02/15/2042		1,569		1,493
0.750%, 02/15/2045		779		730
0.625%, 07/15/2021		2,365		2,424
0.625%, 01/15/2024		4,506		4,571
0.625%, 01/15/2026		34,145		34,361
0.625%, 02/15/2043		2,925		2,691
0.375%, 07/15/2023		2,574		2,591
0.375%, 07/15/2025		27,242		27,038
0.250%, 01/15/2025		4,439		4,360
0.125%, 04/15/2018		1,534		1,528
0.125%, 04/15/2019		3,131		3,132
0.125%, 04/15/2020		86,996		87,130
0.125%, 04/15/2021		98,519		98,369
0.125%, 01/15/2022		1,837		1,834
0.125%, 07/15/2022		2,073		2,071



Description	Face Amount (Thousands)		Market Value ($ Thousands)

U.S. TREASURY OBLIGATIONS (continued)
0.125%, 01/15/2023	$	1,748	$	1,732
0.125%, 07/15/2024		1,545		1,517
0.125%, 07/15/2026		34,888		33,652

Total U.S. Treasury Obligations (Cost $1,240,781) ($ Thousands)				1,239,080


SOVEREIGN DEBT – 16.1%
African Development Bank(B)
2.375%, 09/23/2021		1,250		1,270
1.375%, 02/12/2020		1,250		1,240
1.250%, 07/26/2021		1,250		1,216
1.125%, 03/04/2019		1,500		1,491
1.125%, 09/20/2019		1,000		989
Andina de Fomento
4.375%, 06/15/2022(B)		250		270
Asian Development Bank MTN(B)
2.625%, 01/12/2027		750		762
2.000%, 04/24/2026		500		481
1.750%, 01/10/2020		1,000		1,003
1.625%, 08/26/2020		1,000		994
1.500%, 01/22/2020		1,000		996
1.375%, 01/15/2019		1,000		999
1.375%, 03/23/2020		1,000		993
1.000%, 08/16/2019		1,000		987
Bundesrepublik Deutschland Bundesobligation Inflation Linked Bond
0.750%, 04/15/2018	EUR	2,069		2,370
0.750%, 04/15/2018		342		392
Canada Government International Bond(B)
1.625%, 02/27/2019	$	2,250		2,257
1.125%, 03/19/2018		1,000		999
Chile Government International Bond
3.875%, 08/05/2020(B)		250		264
Council of Europe Development Bank(B)
1.750%, 11/14/2019		1,000		1,003
1.625%, 03/16/2021		500		494
Deutsche Bundesrepublik Inflation Linked Bond
1.750%, 04/15/2020	EUR	4,858		5,975
1.750%, 04/15/2020		5,983		7,357
0.500%, 04/15/2030		8,181		10,456
0.100%, 04/15/2023		25,108		30,409
0.100%, 04/15/2026		6,411		7,867
0.100%, 04/15/2026		29,934		36,733
0.100%, 04/15/2046		733		912
European Bank for Reconstruction & Development MTN(B)
2.125%, 03/07/2022	$	250		250
2.000%, 02/01/2021		1,000		1,002
1.750%, 06/14/2019		1,000		1,000



Description	Face Amount (Thousands)		Market Value ($ Thousands)

SOVEREIGN DEBT (continued)
1.625%, 11/15/2018	$	1,000	$	1,001
1.625%, 05/05/2020		500		498
1.500%, 03/16/2020		250		249
0.750%, 09/01/2017		200		200
European Investment Bank(B)
4.875%, 02/15/2036		250		319
4.000%, 02/16/2021		1,000		1,073
3.250%, 01/29/2024		750		792
2.250%, 03/15/2022		750		755
2.125%, 10/15/2021		1,000		1,005
2.125%, 04/13/2026		500		488
2.000%, 03/15/2021		500		500
1.625%, 12/15/2020		1,000		992
1.375%, 06/15/2020		750		741
1.000%, 12/15/2017		150		150
Export Development Canada(B)
1.750%, 08/19/2019		500		502
1.750%, 07/21/2020		1,000		1,000
1.625%, 01/17/2020		250		250
1.500%, 10/03/2018		500		500
1.500%, 05/26/2021		1,000		985
1.375%, 10/21/2021		500		488
1.000%, 11/01/2018		2,000		1,988
0.750%, 12/15/2017		750		748
FMS Wertmanagement AoeR(B)
1.750%, 01/24/2020		500		501
1.750%, 03/17/2020		500		500
1.250%, 07/30/2018		1,000		998
1.000%, 11/21/2017		950		949
France Government Bond OAT
3.400%, 07/25/2029	EUR	881		1,474
3.150%, 07/25/2032		727		1,252
2.250%, 07/25/2020		6,154		7,784
2.100%, 07/25/2023		1,400		1,898
2.100%, 07/25/2023		1,094		1,483
1.850%, 07/25/2027		8,896		12,532
1.800%, 07/25/2040		2,427		3,900
1.300%, 07/25/2019		246		295
1.100%, 07/25/2022		21,312		27,013
1.100%, 07/25/2022		1,254		1,590
1.000%, 07/25/2017		1,098		1,253
0.700%, 07/25/2030(C)		1,432		1,834
0.700%, 07/25/2030(C)		207		265
0.250%, 07/25/2018		1,609		1,864
0.250%, 07/25/2024		2,933		3,600
0.250%, 07/25/2024		272		334
0.100%, 03/01/2021		3,095		3,687
0.100%, 07/25/2021		6,590		7,884
0.100%, 03/01/2025		11,128		13,425
Inter-American Development Bank MTN(B)
7.000%, 06/15/2025	$	500		645
3.875%, 09/17/2019		350		366



Description	Face Amount (Thousands)		Market Value ($ Thousands)

SOVEREIGN DEBT (continued)
3.000%, 10/04/2023	$	250	$	261
3.000%, 02/21/2024		250		261
2.125%, 11/09/2020		250		252
2.000%, 06/02/2026		500		481
1.875%, 06/16/2020		1,000		1,003
1.875%, 03/15/2021		500		500
1.750%, 10/15/2019		1,000		1,002
1.625%, 05/12/2020		500		498
1.125%, 09/12/2019		1,000		987
International Bank for Reconstruction & Development(B)
4.750%, 02/15/2035		250		311
2.250%, 06/24/2021		1,000		1,011
2.000%, 01/26/2022		500		500
1.875%, 03/15/2019		1,000		1,006
1.625%, 03/09/2021		1,000		991
International Finance MTN(B)
2.125%, 11/17/2017		750		752
2.125%, 04/07/2026		1,750		1,697
1.750%, 09/04/2018		200		201
1.625%, 07/16/2020		1,000		997
Italy Buoni Poliennali Del Tesoro
3.100%, 09/15/2026	EUR	2,297		3,090
2.600%, 09/15/2023		4,202		5,426
2.550%, 09/15/2041		986		1,280
2.350%, 09/15/2019		2,283		2,767
2.350%, 09/15/2024(C)		1,140		1,443
2.350%, 09/15/2035		2,472		3,222
2.100%, 09/15/2017		1,019		1,163
2.100%, 09/15/2021		1,508		1,878
1.700%, 09/15/2018		104		122
1.700%, 09/15/2018		938		1,100
1.250%, 09/15/2032(C)		2,000		2,219
Korea Development Bank
4.625%, 11/16/2021(B)	$	250		270
Nordic Investment Bank MTN(B)
2.125%, 02/01/2022		750		754
1.500%, 09/29/2020		1,000		991
1.125%, 03/19/2018		1,000		999
1.125%, 02/25/2019		500		497
0.750%, 01/17/2018		200		200
North American Development Bank
2.400%, 10/26/2022(B)		200		196
Province of British Columbia Canada(B)
6.500%, 01/15/2026		250		316
2.000%, 10/23/2022		250		248
Province of Manitoba Canada(B)
3.050%, 05/14/2024		250		258
2.125%, 05/04/2022		250		249
Province of Ontario Canada(B)
4.000%, 10/07/2019		500		524
2.450%, 06/29/2022		250		252



Description	Face Amount (Thousands)		Market Value ($ Thousands)

SOVEREIGN DEBT (continued)
2.400%, 02/08/2022	$	750	$	756
2.000%, 01/30/2019		500		503
1.875%, 05/21/2020		500		499
Province of Quebec Canada(B)
7.500%, 09/15/2029		200		285
2.875%, 10/16/2024		250		254
2.500%, 04/20/2026		750		738
Svensk Exportkredit MTN
1.750%, 03/20/2021(B)		1,000		994
United Kingdom Gilt Inflation Linked
4.125%, 07/22/2030	GBP	1,000		4,743
2.500%, 04/16/2020		429		2,058
2.500%, 07/17/2024		340		1,615
2.000%, 01/26/2035		932		3,207
1.875%, 11/22/2022		1,579		2,543
1.250%, 11/22/2017		210		277
1.250%, 11/22/2027		2,370		4,140
1.250%, 11/22/2032		715		1,400
1.250%, 11/22/2055		1,602		5,079
1.125%, 11/22/2037		1,044		2,246
0.750%, 03/22/2034		990		1,869
0.750%, 11/22/2047		847		2,065
0.625%, 03/22/2040		1,837		3,839
0.625%, 11/22/2042		2,324		5,100
0.500%, 03/22/2050		1,331		3,214
0.375%, 03/22/2062		1,082		3,140
0.250%, 03/22/2052		1,789		4,211
0.125%, 03/22/2024		27,348		41,063
0.125%, 03/22/2026		19,804		30,370
0.125%, 03/22/2029		1,824		2,926
0.125%, 03/22/2044		3,014		6,045
0.125%, 03/22/2058		1,269		3,190
0.125%, 11/22/2065		750		2,151
0.125%, 03/22/2068		433		1,309


Total Sovereign Debt (Cost $414,490) ($ Thousands)				419,985


	Shares

FOREIGN COMMON STOCK – 4.3%

Australia – 0.3%
AGL Energy		25,712		503
Amcor		3,900		48
APA Group		38,075		268
Aristocrat Leisure		11,728		203
ASX		2,472		102
Aurizon Holdings		21,309		88
AusNet Services		264,595		352
BHP Billiton		5,561		99
Brambles		9,655		72
Caltex Australia		19,918		483
CIMIC Group		4,686		140



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Coca-Cola Amatil		19,358	$	137
Cochlear		2,349		280
Computershare		58,392		633
Crown Resorts		10,576		100
CSL		3,069		325
Domino's Pizza Enterprises		2,369		95
Fortescue Metals Group		27,506		110
Harvey Norman Holdings		38,002		111
Healthscope		82,236		139
Incitec Pivot		29,314		77
Insurance Australia Group		17,664		92
LendLease Group		3,959		51
Oil Search		43,422		227
Origin Energy *		40,531		213
Qantas Airways		25,771		113
Ramsay Health Care		5,073		286
REA Group		2,602		133
Scentre Group ‡		11,668		36
SEEK		7,445		97
Sonic Healthcare		16,500		307
South32		36,210		74
Sydney Airport		20,066		109
Tabcorp Holdings		34,462		116
Tatts Group		44,420		142
Telstra, Cl B		151,094		498
TPG Telecom		73,247		320
Transurban Group		13,849		126
Treasury Wine Estates		30,987		313
Vicinity Centres ‡		28,772		57
Wesfarmers		4,028		124
Westfield ‡		9,207		57
Westpac Banking		2,441		57
Woodside Petroleum		6,856		157
Woolworths		9,620		188


				8,258


Austria – 0.0%
Andritz		3,371		203
Erste Group Bank *		4,076		156
OMV		9,074		470
Raiffeisen Bank International *		6,043		152
voestalpine		5,195		242


				1,223


Belgium – 0.1%
Ageas		2,714		109
Anheuser-Busch InBev		2,858		315
Colruyt		6,336		333
Groupe Bruxelles Lambert		357		34
KBC Group		1,942		147
Proximus SADP		13,839		483
Solvay		1,290		173



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Telenet Group Holding *		6,800	$	428
UCB, Cl A		6,939		477
Umicore		4,213		293


				2,792


Canada – 0.4%
Alimentation Couche-Tard, Cl B		5,390		258
Atco, Cl I		8,416		329
Bank of Montreal		518		38
Bank of Nova Scotia, Cl C		1,590		95
Barrick Gold		4,739		75
BCE		9,904		445
BlackBerry *		20,413		204
Bombardier, Cl B *		74,372		135
CAE		9,180		158
Canadian National Railway		2,192		178
Canadian Natural Resources		4,257		123
Canadian Pacific Railway		641		103
Canadian Tire, Cl A		1,352		154
Canadian Utilities, Cl A		11,282		362
CGI Group, Cl A *		6,993		357
CI Financial		3,354		71
Constellation Software		636		332
Crescent Point Energy, Cl F		4,916		38
Dollarama		2,451		234
Emera		5,208		193
Empire, Cl A		15,307		261
Enbridge		2,263		90
Encana		8,974		79
Fairfax Financial Holdings		200		87
Finning International		7,855		154
First Capital Realty		4,150		63
First Quantum Minerals (Canada)		2,143		18
Fortis		11,814		415
Franco-Nevada		1,000		72
George Weston		2,265		205
Gildan Activewear		6,126		188
H&R ‡		4,787		81
Hydro One (C)		9,377		168
Imperial Oil		2,707		79
Intact Financial		1,580		119
Jean Coutu Group PJC, Cl A		11,072		170
Loblaw		4,092		227
Magna International, Cl A		2,438		113
Methanex		1,070		47
Metro, Cl A		7,776		255
National Bank of Canada		870		36
Open Text		9,748		307
Potash Corp of Saskatchewan		2,157		35
PrairieSky Royalty		2,615		59
Restaurant Brands International		2,608		163
RioCan ‡		3,430		64



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Rogers Communications, Cl B		7,402	$	349
Royal Bank of Canada		1,066		77
Saputo		5,318		169
Shaw Communications, Cl B		7,879		172
Shopify *		1,760		153
SNC-Lavalin Group		1,669		72
Suncor Energy		2,894		84
Teck Resources, Cl B		2,423		42
TELUS		10,607		366
Thomson Reuters, Cl B		3,166		146
Toronto-Dominion Bank		1,857		93
TransCanada		2,000		95
Turquoise Hill Resources *		6,748		18
Valeant Pharmaceuticals International *		19,715		342
Vermilion Energy		2,483		79
Wheaton Precious Metals		2,275		45


				9,739


Chile – 0.0%
Antofagasta		8,667		90


China – 0.0%
Sands China		18,800		86
Yangzijiang Shipbuilding Holdings		175,548		152


				238


Denmark – 0.2%
AP Moller–Maersk, Cl A		102		195
AP Moller–Maersk, Cl B		99		199
Carlsberg, Cl B		3,461		369
Chr Hansen Holding		4,349		316
Coloplast, Cl B		3,496		292
Danske Bank		6,879		264
DONG Energy (C)		7,632		344
Genmab *		996		212
Novo Nordisk, Cl B		5,821		249
Novozymes, Cl B		7,255		317
Pandora		2,136		199
TDC		79,788		463
Tryg		10,215		223
Vestas Wind Systems		1,356		125
William Demant Holding *		13,916		360


				4,127


Finland – 0.1%
Elisa		10,422		403
Fortum		21,754		341
Kone, Cl B		2,993		152
Metso		2,878		100
Neste		18,237		717
Nokia		58,083		355
Nokian Renkaat		5,363		222



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Orion, Cl B		9,382	$	598
Sampo, Cl A		3,627		186
Stora Enso, Cl R		16,819		217
UPM-Kymmene, Cl V		9,046		257
Wartsila Abp		2,318		137


				3,685


France – 0.3%
Accor		875		41
Aeroports de Paris, Cl A		373		60
Air Liquide		1,030		127
Arkema		1,313		140
Atos		2,252		316
AXA		1,932		53
Bouygues		892		38
Bureau Veritas		900		20
Capgemini		2,596		268
Carrefour		1,443		36
Christian Dior		506		145
CNP Assurances		1,903		43
Credit Agricole		5,388		87
Danone		1,646		124
Dassault Systemes		3,513		315
Electricite de France		11,810		128
Engie		13,671		206
Essilor International		3,166		402
Eutelsat Communications		1,501		38
Fonciere Des Regions ‡		434		40
Gecina ‡		699		110
Groupe Eurotunnel		4,624		49
Hermes International		96		47
ICADE ‡		512		43
Iliad		1,128		266
Ingenico Group		3,300		299
JCDecaux		1,173		38
Kering		389		132
Klepierre ‡		1,965		80
L'Oreal		607		126
LVMH Moet Hennessy Louis Vuitton		241		60
Natixis		5,679		38
Orange		22,713		360
Pernod Ricard		1,010		135
Remy Cointreau		1,323		154
Renault		450		41
Rexel		3,641		60
Sanofi		4,184		400
Schneider Electric *		577		44
SCOR		1,457		58
Societe BIC		289		34
Societe Generale		2,531		136
STMicroelectronics		22,340		320
Suez		14,785		273



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Thales, Cl A		1,344	$	145
TOTAL		13,193		651
Valeo		527		35
Veolia Environnement		8,189		173
Vinci		822		70
Vivendi		5,328		118
Wendel		681		101


				7,223


Germany – 0.3%
adidas		861		165
Allianz		347		68
BASF		1,028		95
Bayer		1,449		187
Beiersdorf		1,696		178
Brenntag		527		30
Commerzbank *		5,497		65
Continental		286		62
Covestro (C)		1,507		109
Deutsche Bank		2,043		36
Deutsche Boerse		283		30
Deutsche Lufthansa		5,273		120
Deutsche Post		2,302		86
Deutsche Telekom		20,670		371
Deutsche Wohnen		1,750		67
E.ON		26,305		247
Fraport Frankfurt Airport Services Worldwide		1,521		134
Fresenius		4,273		366
Fresenius Medical Care		3,975		381
GEA Group		1,568		64
Hannover Rueck		619		74
HeidelbergCement		879		85
Henkel & KGaA		1,543		186
HUGO BOSS		2,069		145
Infineon Technologies		17,463		368
K+S		2,963		76
LANXESS		1,587		120
Linde		488		92
MAN		398		43
Merck KGaA		2,187		264
Metro		4,277		144
Muenchener Rueckversicherungs-Gesellschaftin Muenchen		274		55
OSRAM Licht		1,575		125
QIAGEN *		7,696		256
RWE *		14,159		282
SAP		3,666		382
Siemens		850		117
Symrise		2,361		167
Telefonica Deutschland Holding		49,505		247
thyssenkrupp		3,604		102
TUI		3,217		47



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
United Internet		6,170	$	339
Volkswagen		135		21


				6,598


Hong Kong – 0.3%
AIA Group		13,800		101
ASM Pacific Technology		51,400		695
BOC Hong Kong Holdings		15,500		74
Cheung Kong Property Holdings		5,708		45
CK Hutchison Holdings		8,208		103
CK Infrastructure Holdings		50,438		424
CLP Holdings, Cl B		51,500		545
Galaxy Entertainment Group *		6,000		36
HK Electric Investments & HK Electric
Investments (C)		352,000		324
HKT Trust and HKT		327,920		430
Hong Kong & China Gas		220,174		414
Hutchison Port Holdings, Cl U		584,226		251
Kerry Properties		13,000		44
Li & Fung		672,000		244
Link ‡		13,500		103
MGM China Holdings		30,000		67
MTR *		39,500		222
NWS Holdings		90,000		177
PCCW		785,000		446
Power Assets Holdings		44,602		394
Shangri-La Asia		82,000		139
SJM Holdings		52,000		55
Swire Pacific, Cl A		4,000		39
Swire Properties		18,400		61
Techtronic Industries		56,500		260
WH Group (C)		412,500		416
Wynn Macau		27,600		65
Yue Yuen Industrial Holdings		68,500		284


				6,458


Ireland – 0.1%
Accenture, Cl A		1,029		127
Bank of Ireland *		889,446		233
CRH		8,888		314
Eaton		2,114		164
Kerry Group, Cl A		4,069		350
Paddy Power Betfair		3,752		400
Ryanair Holdings ADR *		3,511		378


				1,966


Israel – 0.1%
Azrieli Group		2,954		164
Bank Hapoalim		29,177		197
Bank Leumi Le-Israel		39,720		193
Bezeq The Israeli Telecommunication		318,697		529
Check Point Software Technologies *		3,822		417



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Israel Chemicals		66,305	$	313
Mizrahi Tefahot Bank		12,761		232
NICE-Systems		6,857		550
Teva Pharmaceutical Industries		8,872		294


				2,889


Italy – 0.1%
Assicurazioni Generali		2,134		35
Atlantia		3,095		87
CNH Industrial		12,849		145
Enel		67,914		364
Eni		16,512		248
EXOR		1,900		103
Ferrari		2,608		224
Fiat Chrysler Automobiles *		18,029		190
Leonardo-Finmeccanica		10,324		171
Luxottica Group		2,908		168
Mediobanca		8,384		83
Prysmian		5,661		166
Saipem *		71,504		264
Snam Rete Gas		114,066		496
Telecom Italia *		511,570		417
Tenaris		15,473		241
Terna Rete Elettrica Nazionale		54,270		292
UnipolSai Assicurazioni		31,346		68


				3,762


Japan – 0.5%
Aeon, Cl H		5,800		88
Air Water		5,000		92
Aisin Seiki *		800		41
Ajinomoto		7,000		151
ANA Holdings		20,000		69
Aozora Bank *		31,000		118
Asahi Group Holdings		2,800		105
Asahi Kasei *		9,000		97
Astellas Pharma		8,000		98
Bank of Kyoto		4,000		38
Calbee		2,000		79
Canon *		2,600		88
Central Japan Railway		400		65
Chubu Electric Power		11,300		150
Chugai Pharmaceutical		2,500		94
Chugoku Bank		7,600		114
Chugoku Electric Power *		12,200		134
Credit Saison		5,700		111
Daicel		3,800		47
Daito Trust Construction		500		78
Daiwa House Industry		3,000		102
Daiwa Securities Group		18,000		107
Dentsu		1,000		48
Eisai		2,000		110



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Electric Power Development		6,100	$	151
FamilyMart UNY Holdings, Cl H		2,600		149
Fast Retailing		100		33
FUJIFILM Holdings		2,200		79
Fukuoka Financial Group		17,000		81
Hankyu Hanshin Holdings		1,400		50
Hino Motors		3,600		40
Hirose Electric		840		120
Hiroshima Bank		18,000		80
Hisamitsu Pharmaceutical		2,500		120
Hitachi Chemical		3,039		91
Idemitsu Kosan		11,100		315
Inpex		21,000		202
J Front Retailing		3,000		46
Japan Prime Realty Investment, Cl A ‡		24		83
Japan Real Estate Investment ‡		16		80
Japan Retail Fund Investment, Cl A ‡		32		59
JXTG Holdings		96,000		419
Kamigumi		8,000		84
Kaneka		12,000		91
Kansai Electric Power		10,800		149
Kansai Paint		3,000		69
Kao		1,800		107
KDDI		10,900		289
Keikyu		4,000		48
Keio		3,000		25
Kikkoman		4,000		128
Kirin Holdings		6,100		124
Konami Holdings		1,356		75
Kyocera *		900		52
Kyushu Electric Power *		9,400		114
Lawson		1,200		84
LIXIL Group		3,000		75
M3 *		3,600		99
Marubeni		5,000		32
Maruichi Steel Tube		3,200		93
McDonald's Holdings Japan		23		1
Mebuki Financial Group		19,230		72
Medipal Holdings		6,500		120
MEIJI Holdings		2,000		162
Miraca Holdings		2,800		126
Mitsubishi Chemical Holdings, Cl B *		4,700		39
Mitsubishi Motors		4,200		28
Mitsubishi Tanabe Pharma		7,400		171
Mitsui Chemicals		9,000		48
Mizuho Financial Group		45,700		84
Murata Manufacturing		500		76
NEC		12,000		32
NGK Spark Plug		2,600		55
NH Foods		4,000		122
Nippon Building Fund ‡		13		66
Nippon Prologis ‡		36		77



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Nippon Telegraph & Telephone		8,400	$	397
Nisshin Seifun Group		9,415		155
Nissin Food Products		2,000		125
NOK		1,500		32
Nomura Research Institute		2,178		86
NTT Data		10,000		111
NTT DOCOMO		16,300		385
Odakyu Electric Railway		1,500		30
Oji Holdings		22,000		114
Ono Pharmaceutical		2,400		52
Oracle Japan		1,900		123
Osaka Gas		78,000		319
Otsuka Holdings		3,400		145
Resona Holdings		17,500		96
Ryohin Keikaku		200		50
Sankyo		1,100		37
Santen Pharmaceutical		7,500		102
Sekisui Chemical		3,000		54
Seven & i Holdings		2,100		86
Seven Bank		30,200		108
Shimadzu		6,000		114
Shimizu		3,000		32
Shin-Etsu Chemical, Cl A *		1,100		100
Shizuoka Bank		12,000		108
Showa Shell Sekiyu		29,300		272
SoftBank		3,800		308
Subaru		900		30
Sumitomo		6,500		85
Sumitomo Rubber Industries		100		2
Suntory Beverage & Food		2,800		130
Suzuken		2,760		92
Sysmex		1,700		101
Taisei		5,000		46
Taisho Pharmaceutical Holdings		1,000		76
Takeda Pharmaceutical		2,600		132
Teijin		4,800		92
Terumo		4,000		157
Tobu Railway		17,000		93
Toho		1,600		49
Toho Gas		34,063		248
Tohoku Electric Power		8,400		116
Tokyo Electric Power Holdings *		4,200		17
Tokyo Gas		62,000		322
Tokyu		4,000		30
Toray Industries		10,000		84
TOTO		1,000		38
Toyo Seikan Group Holdings		1,900		32
Toyo Suisan Kaisha		3,000		115
Toyota Industries		1,900		100
Toyota Motor *		1,700		89
Unicharm		4,900		123
United Urban Investment ‡		66		94



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Yakult Honsha		1,800	$	123
Yamaguchi Financial Group		9,000		109
Yamato Holdings		1,400		28
Yamazaki Baking		5,000		100


				13,833


Luxembourg – 0.0%
RTL Group		682		51
SES, Cl A		1,713		40


				91


Netherlands – 0.2%
Aegon		27,244		139
Akzo Nobel		2,588		225
Altice *		7,879		181
Altice, Cl B *		11,055		255
ArcelorMittal *		7,178		163
ASML Holding		3,148		410
Coca-Cola European Partners		2,967		120
Gemalto		4,556		273
Heineken		1,925		187
ING Groep		10,046		173
Koninklijke Ahold Delhaize		14,293		273
Koninklijke Boskalis Westminster		1,861		60
Koninklijke DSM		3,445		250
Koninklijke KPN		91,067		291
Koninklijke Philips		3,383		120
Koninklijke Vopak		12,357		572
LyondellBasell Industries, Cl A		3,960		334
NN Group		3,780		134
NXP Semiconductors *		2,141		234
Randstad Holding		1,641		96
RELX		10,973		225
Unibail-Rodamco ‡		139		35
Unilever		3,312		183
Wolters Kluwer		4,597		194


				5,127


New Zealand – 0.1%
Auckland International Airport		59,637		311
Contact Energy		79,201		302
Fletcher Building		46,704		273
Mercury NZ		112,969		275
Meridian Energy		170,649		364
Ryman Healthcare		58,689		356
Spark New Zealand		147,825		409


				2,290


Norway – 0.1%
DNB, Cl A		9,226		156
Gjensidige Forsikring		10,608		180
Marine Harvest		13,283		227



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Norsk Hydro		51,688	$	286
Orkla		30,555		310
Schibsted, Cl A		5,700		137
Schibsted, Cl B		7,617		168
Statoil		26,354		435
Telenor		22,751		376
Yara International		7,741		290


				2,565


Panama – 0.0%
Carnival		1,461		96


Portugal – 0.0%
Banco Espirito Santo *		50,830		–
EDP–Energias de Portugal		85,324		279
Galp Energia SGPS		25,094		379
Jeronimo Martins		16,644		324


				982


Singapore – 0.1%
CapitaLand		33,800		86
CapitaLand Commercial Trust ‡		53,667		65
DBS Group Holdings		7,800		117
Genting Singapore		238,600		188
Global Logistic Properties		42,000		87
Golden Agri-Resources		1,474,000		401
Jardine Cycle & Carriage		6,200		200
Keppel		16,600		76
Oversea-Chinese Banking		12,800		100
Sembcorp Industries		31,300		70
Singapore Airlines		21,300		157
Singapore Exchange		33,500		179
Singapore Press Holdings		176,700		415
Singapore Technologies Engineering		25,400		68
Singapore Telecommunications		116,700		330
StarHub		230,000		454
United Overseas Bank		5,300		89
UOL Group		7,072		39
Wilmar International		89,200		217


				3,338


Spain – 0.2%
Abertis Infraestructuras		5,513		102
ACS Actividades de Construccion y Servicios		2,833		109
Aena (C)		765		149
Amadeus IT Group, Cl A		10,255		612
Banco Bilbao Vizcaya Argentaria		10,923		90
Banco Santander		16,470		109
Bankia		20,227		98
CaixaBank		30,255		144
Distribuidora Internacional de Alimentacion		38,251		238
Enagas		12,242		343



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Endesa		4,836	$	111
Ferrovial		4,529		100
Gas Natural SDG		6,561		153
Grifols		14,620		407
Iberdrola		26,058		206
Industria de Diseno Textil		9,200		353
Red Electrica		8,320		174
Repsol, Cl A		21,631		331
Telefonica		18,046		186


				4,015


Sweden – 0.2%
Alfa Laval		3,670		75
Atlas Copco, Cl A		1,818		70
Atlas Copco, Cl B		1,891		65
Boliden		12,111		330
Electrolux		4,260		139
Essity, Cl B *		7,171		196
Getinge, Cl B		16,980		332
Hennes & Mauritz, Cl B		4,059		101
Hexagon, Cl B		8,618		409
Husqvarna, Cl B		17,924		178
ICA Gruppen		7,278		271
Industrivarden, Cl C		4,865		116
Kinnevik		1,565		48
Lundin Petroleum *		24,445		470
Millicom International Cellular		3,667		216
Nordea Bank		6,982		89
Skandinaviska Enskilda Banken, Cl A		7,936		96
SKF, Cl B		8,542		173
Svenska Handelsbanken, Cl A		2,082		30
Swedbank, Cl A		2,347		57
Swedish Match		7,003		246
Tele2, Cl B		24,845		260
Telefonaktiebolaget LM Ericsson, Cl B		53,405		381
Telia		65,127		300
Volvo, Cl B		6,277		107


				4,755


Switzerland – 0.2%
ABB		4,545		112
Adecco Group		1,187		90
Baloise Holding		496		77
Barry Callebaut *		121		167
Chocoladefabriken Lindt & Spruengli		31		308
Cie Financiere Richemont		1,741		144
Coca-Cola HBC		3,429		101
Dufry *		1,505		247
EMS-Chemie Holding		353		261
Geberit		215		100
Givaudan		186		373
Kuehne & Nagel International		661		110



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
LafargeHolcim		843	$	48
Lonza Group		1,178		255
Nestle		1,850		161
Novartis		2,503		209
Partners Group Holding		322		200
Roche Holding		898		229
Schindler Holding		1,164		244
SGS, Cl B		41		99
Sika		37		238
Sonova Holding		1,666		271
Straumann Holding		271		154
Swatch Group		1,778		130
Swatch Group, Cl B		331		122
Swiss Life Holding		254		86
Swiss Re		978		89
Swisscom		1,199		579
TE Connectivity		1,422		112
Transocean *		31,055		256
Vifor Pharma		1,610		178


				5,750


United Kingdom – 0.4%
Aberdeen Asset Management		4,451		17
Admiral Group		3,076		80
Anglo American *		8,527		113
Associated British Foods		2,191		84
AstraZeneca		3,801		254
Auto Trader Group (C)		48,359		239
Aviva		4,112		28
Barratt Developments		14,410		105
BP		50,616		291
British American Tobacco		1,681		114
BT Group, Cl A		59,549		228
Bunzl		3,000		89
Burberry Group		1,376		30
Capita		2,265		20
Carnival		2,105		139
Centrica		91,279		237
Cobham		76,406		129
Compass Group		7,733		163
Croda International		2,513		127
Delphi Automotive		1,026		90
Diageo		2,888		85
Dixons Carphone		10,596		39
easyJet		3,512		62
Experian		2,610		53
G4S		16,567		70
GlaxoSmithKline		14,130		300
Glencore		35,516		133
Hikma Pharmaceuticals		5,080		97
IMI		1,574		24
Imperial Brands		2,202		99



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Inmarsat		37,473	$	375
InterContinental Hotels Group		1,219		68
Intertek Group		544		30
ITV		11,950		28
J Sainsbury		21,670		71
Johnson Matthey		1,866		70
Marks & Spencer Group		10,789		47
Mediclinic International		15,345		148
National Grid		24,779		306
Next, Cl A		560		28
Pearson		16,363		147
Petrofac		56,980		327
Reckitt Benckiser Group		1,075		109
RELX		3,034		65
Rio Tinto		4,054		188
Royal Dutch Shell, Cl A		14,028		371
Royal Dutch Shell, Cl B		13,418		360
Royal Mail		6,924		38
RSA Insurance Group		7,664		61
Sage Group		34,684		310
Severn Trent		8,989		255
Shire		3,125		172
Sky *		5,534		71
Smith & Nephew		15,129		260
Smiths Group		4,570		95
SSE		20,367		384
Tate & Lyle		7,790		67
Travis Perkins		3,353		63
Unilever		2,107		114
United Utilities Group, Cl B		17,772		200
Vodafone Group		136,374		386
Whitbread		1,095		56
Wm Morrison Supermarkets		34,659		109
Worldpay Group (C)		57,601		236
WPP		1,441		30


				9,184


Total Foreign Common Stock (Cost $95,051) ($ Thousands)				111,074


COMMON STOCK – 3.7%
Consumer Discretionary – 0.4%
Advance Auto Parts		1,136		132
Amazon.com, Cl A *		111		108
Autonation *		3,088		130
Autozone *		218		124
Bed Bath & Beyond		3,904		119
Best Buy		2,195		126
BorgWarner		2,086		88
CarMax *		1,714		108
CBS, Cl B		1,671		107



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Charter Communications, Cl A *		194	$	65
Chipotle Mexican Grill, Cl A *		282		117
Coach		3,725		176
Comcast, Cl A		2,442		95
Darden Restaurants		1,472		133
Discovery Communications, Cl A *		4,903		127
Discovery Communications, Cl C *		5,240		132
DISH Network, Cl A *		1,627		102
Dollar General		1,837		132
Dollar Tree *		1,756		123
DR Horton		2,237		77
Expedia		732		109
Foot Locker, Cl A		3,089		152
Ford Motor		8,016		90
Gap		5,746		126
Garmin		1,579		81
General Motors		2,216		77
Genuine Parts		1,553		144
Goodyear Tire & Rubber		1,985		69
H&R Block		4,738		147
Hanesbrands		6,692		155
Harley-Davidson, Cl A		1,846		100
Hasbro		950		106
Home Depot		660		101
Interpublic Group		4,700		116
Johnson Controls International		3,007		130
Kohl's		4,005		155
L Brands		2,667		144
Leggett & Platt		1,629		86
Lennar, Cl A		2,151		115
LKQ *		4,279		141
Lowe's		1,189		92
Macy's		5,542		129
Marriott International, Cl A		1,166		117
Mattel		6,081		131
McDonald's		689		106
Michael Kors Holdings *		4,899		178
Mohawk Industries *		603		146
NetFlix *		483		72
Newell Brands, Cl B		1,797		96
News, Cl A		6,656		91
News, Cl B		6,800		96
Nike, Cl B		3,230		191
Nordstrom		1,762		84
Omnicom Group		1,422		118
O'Reilly Automotive *		530		116
Priceline Group *		50		94
PVH		1,566		179
Ralph Lauren, Cl A		2,432		180
Ross Stores		2,214		128
Royal Caribbean Cruises		781		85
Scripps Networks Interactive, Cl A		1,434		98



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Signet Jewelers		2,361	$	149
Staples		13,000		131
Starbucks		2,467		144
Target, Cl A		2,518		132
TEGNA		7,208		104
Tiffany		1,155		108
Time Warner		1,132		114
TJX		2,072		150
Tractor Supply		2,314		125
TripAdvisor *		3,872		148
Twenty-First Century Fox, Cl A		4,316		122
Twenty-First Century Fox, Cl B		3,644		102
Ulta Beauty *		470		135
Under Armour, Cl A *		7,140		155
Under Armour, Cl C *		7,753		156
VF		2,986		172
Viacom, Cl B		1,904		64
Walt Disney		1,190		126
Whirlpool		397		76
Wyndham Worldwide		1,075		108
Wynn Resorts		659		88
Yum! Brands		2,076		153


				9,954


Consumer Staples – 0.4%
Altria Group		3,905		291
Archer-Daniels-Midland		6,839		283
Brown-Forman, Cl B		5,136		250
Campbell Soup		6,114		319
Church & Dwight		6,428		333
Clorox		1,950		260
Coca-Cola		5,902		265
Colgate-Palmolive		3,495		259
Conagra Brands		9,229		330
Constellation Brands, Cl A		1,639		317
Costco Wholesale		1,834		293
Coty, Cl A		15,157		284
CVS Health		3,591		289
Dr Pepper Snapple Group		3,443		314
Estee Lauder, Cl A		3,029		291
General Mills		5,791		321
Hershey		2,764		297
Hormel Foods		11,944		407
JM Smucker		3,041		360
Kellogg		4,338		301
Kimberly-Clark		2,375		307
Kraft Heinz		2,775		238
Kroger		11,876		277
McCormick		4,002		390
Molson Coors Brewing, Cl B		3,812		329
Mondelez International, Cl A		5,619		243
Monster Beverage *		6,570		326



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
PepsiCo		2,423	$	280
Philip Morris International		2,328		273
Procter & Gamble		3,530		308
Reynolds American		4,047		263
Sysco, Cl A		4,263		214
Tyson Foods, Cl A		5,625		352
Walgreens Boots Alliance		3,532		277
Wal-Mart Stores		3,510		266
Whole Foods Market		6,801		286


				10,693


Energy – 0.3%
Anadarko Petroleum, Cl A		4,928		224
Apache		5,099		244
Baker Hughes		4,278		233
Cabot Oil & Gas		10,929		274
Chesapeake Energy *		50,940		253
Chevron		2,251		235
Cimarex Energy		2,603		245
Concho Resources *		2,397		291
ConocoPhillips		4,596		202
Devon Energy		7,486		239
EOG Resources		2,565		232
EQT		5,001		293
ExxonMobil		2,881		233
Halliburton		5,364		229
Helmerich & Payne		5,012		272
Hess		5,888		258
Kinder Morgan		12,379		237
Marathon Oil		20,023		237
Marathon Petroleum		4,014		210
Murphy Oil		10,332		265
National Oilwell Varco, Cl A		8,276		273
Newfield Exploration *		8,020		228
Noble Energy		8,457		239
Occidental Petroleum		4,454		267
Oneok		5,078		265
Phillips 66		2,695		223
Pioneer Natural Resources		1,705		272
Range Resources		10,960		254
Schlumberger, Cl A		3,885		256
TechnipFMC *		8,997		245
Tesoro		2,422		227
Valero Energy		3,081		208
Williams		9,377		284


				8,147


Financials – 0.2%
Affiliated Managers Group		586		97
Aflac		1,295		101
Allstate		963		85
American International Group		1,242		78



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Ameriprise Financial		614	$	78
Aon		680		90
Arthur J. Gallagher		2,093		120
Assurant		976		101
Bank of America		5,801		141
Bank of New York Mellon		2,543		130
BB&T		1,795		81
Berkshire Hathaway, Cl B *		698		118
BlackRock		151		64
Capital One Financial		700		58
CBOE Holdings		1,054		96
Charles Schwab		2,369		102
Chubb		852		124
Cincinnati Financial		2,017		146
Citigroup		1,388		93
Citizens Financial Group		3,013		107
CME Group		772		97
Comerica		1,055		77
Discover Financial Services		1,159		72
ETrade Financial		2,418		92
Fifth Third Bancorp		3,964		103
Franklin Resources		2,773		124
Goldman Sachs Group		268		59
Hartford Financial Services Group		2,184		115
Huntington Bancshares		9,087		123
Intercontinental Exchange		1,550		102
Invesco		1,903		67
JPMorgan Chase		873		80
KeyCorp		3,605		68
Leucadia National		4,320		113
Lincoln National		1,000		68
Loews		2,625		123
M&T Bank		598		97
Marsh & McLennan		1,142		89
MetLife		1,562		86
Moody's		1,083		132
Morgan Stanley		1,873		83
Nasdaq, Cl A		1,585		113
Navient		5,548		92
Northern Trust		1,046		102
People's United Financial		8,554		151
PNC Financial Services Group		968		121
Principal Financial Group, Cl A		1,498		96
Progressive		1,877		83
Prudential Financial		736		80
Raymond James Financial		1,182		95
Regions Financial		6,723		98
S&P Global		545		80
State Street		770		69
SunTrust Banks		2,220		126
Synchrony Financial		3,561		106
T. Rowe Price Group		1,457		108



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Torchmark, Cl A		1,442	$	110
Travelers		849		107
Unum Group		1,475		69
US Bancorp		2,336		121
Wells Fargo		1,955		108
Willis Towers Watson		767		112
XL Group		2,550		112
Zions Bancorporation		1,499		66


				6,305


Health Care – 0.4%
Abbott Laboratories		3,210		156
AbbVie		1,754		127
Aetna, Cl A		1,014		154
Agilent Technologies		2,739		162
Alexion Pharmaceuticals *		1,063		129
Allergan		620		151
AmerisourceBergen, Cl A		1,376		130
Amgen, Cl A		840		145
Anthem		784		147
Baxter International		2,892		175
Becton Dickinson		914		178
Biogen *		478		130
Boston Scientific *		5,968		165
Bristol-Myers Squibb		2,871		160
C.R. Bard		521		165
Cardinal Health		1,831		143
Celgene, Cl A *		937		122
Centene *		1,976		158
Cerner *		3,217		214
Cigna		1,044		175
Cooper, Cl A		642		154
DaVita HealthCare Partners *		2,885		187
DENTSPLY SIRONA		2,721		176
Edwards Lifesciences, Cl A *		1,426		169
Eli Lilly		1,884		155
Envision Healthcare *		3,032		190
Express Scripts Holding *		2,680		171
Gilead Sciences		2,209		156
HCA Healthcare *		1,960		171
Henry Schein *		1,096		201
Hologic *		3,960		180
Humana		697		168
Idexx Laboratories *		915		148
Illumina *		1,071		186
Incyte *		1,025		129
Intuitive Surgical *		178		166
Johnson & Johnson		1,285		170
Laboratory Corp of America Holdings *		1,268		195
Mallinckrodt *		3,248		145
McKesson		792		130
Medtronic		1,675		149



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Merck		1,876	$	120
Mettler Toledo International *		275		162
Mylan *		3,267		127
Patterson		3,647		171
PerkinElmer		2,942		200
Perrigo		1,993		150
Pfizer		4,453		150
Quest Diagnostics		1,742		194
Regeneron Pharmaceuticals *		245		120
Stryker		1,159		161
Taro Pharmaceutical Industries *		3,432		385
Teva Pharmaceutical Industries ADR		7,430		247
Thermo Fisher Scientific		769		134
UnitedHealth Group		909		168
Universal Health Services, Cl B		1,717		210
Varian Medical Systems *		1,691		174
Vertex Pharmaceuticals *		1,215		157
Waters *		930		171
Zimmer Biomet Holdings		1,214		156
Zoetis, Cl A		1,874		117


				10,056


Industrials – 0.4%
3M		677		141
Acuity Brands		803		163
Alaska Air Group		1,774		159
Allegion		1,615		131
American Airlines Group		1,938		98
Ametek		1,885		114
Arconic		5,255		119
Boeing		738		146
C.H. Robinson Worldwide		2,024		139
Caterpillar, Cl A		1,117		120
Cintas		1,509		190
CSX		2,266		124
Cummins		871		141
Danaher, Cl A		1,722		145
Deere		1,000		124
Delta Air Lines, Cl A		3,091		166
Dover		1,914		154
Emerson Electric		2,411		144
Equifax		1,030		142
Expeditors International of Washington		2,620		148
Fastenal, Cl A		3,531		154
FedEx		581		126
Flowserve		3,192		148
Fluor		3,126		143
Fortive		1,984		126
Fortune Brands Home & Security		2,268		148
General Dynamics		849		168
General Electric		3,393		92
Honeywell International		835		111



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Illinois Tool Works		945	$	135
Ingersoll-Rand		1,653		151
Jacobs Engineering Group		1,976		107
JB Hunt Transport Services		1,842		168
Kansas City Southern		1,630		171
L3 Technologies		894		149
Lockheed Martin		518		144
Masco		3,446		132
Nielsen Holdings		2,902		112
Norfolk Southern		1,093		133
Northrop Grumman		572		147
PACCAR		2,161		143
Parker-Hannifin, Cl A		653		104
Pentair		2,268		151
Quanta Services *		3,494		115
Raytheon		1,052		170
Republic Services		3,099		197
Robert Half International		3,077		147
Rockwell Automation		996		161
Rockwell Collins		1,609		169
Roper Technologies		676		157
Ryder System		2,196		158
Snap-on		986		156
Southwest Airlines, Cl A		2,241		139
Stanley Black & Decker		854		120
Stericycle, Cl A *		2,628		201
Textron		2,415		114
TransDigm Group *		624		168
Union Pacific		1,324		144
United Continental Holdings *		1,713		129
United Parcel Service, Cl B		1,422		157
United Rentals *		1,181		133
United Technologies		1,125		137
Verisk Analytics, Cl A *		1,825		154
Waste Management		2,667		196
WW Grainger		802		145
Xylem		2,249		125


				9,463


Information Technology – 0.3%
Activision Blizzard		2,166		125
Adobe Systems *		870		123
Advanced Micro Devices *		7,885		98
Akamai Technologies *		3,128		156
Alliance Data Systems		484		124
Alphabet, Cl A *		135		126
Alphabet, Cl C *		107		97
Amphenol, Cl A		2,314		171
Analog Devices		1,714		133
Apple		729		105
Applied Materials		3,039		126
Autodesk, Cl A *		1,057		107



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Automatic Data Processing		1,236	$	127
Broadcom, Cl A		452		105
CA		4,037		139
Cisco Systems		3,423		107
Citrix Systems *		1,812		144
Cognizant Technology Solutions, Cl A		2,178		145
Corning, Cl B		4,549		137
CSRA		4,599		146
DXC Technology		1,620		124
eBay *		3,501		122
Electronic Arts *		1,157		122
F5 Networks, Cl A *		1,077		137
Facebook, Cl A *		855		129
Fidelity National Information Services, Cl B		1,370		117
Fiserv, Cl A *		1,220		149
Flir Systems		4,599		159
Gartner *		1,047		129
Global Payments		1,650		149
Harris		1,193		130
Hewlett Packard Enterprise		8,829		146
HP		5,779		101
Intel		4,494		152
International Business Machines		793		122
Intuit		810		108
Juniper Networks		4,939		138
KLA-Tencor		1,572		144
Lam Research		960		136
MasterCard, Cl A		762		93
Microchip Technology		1,703		131
Micron Technology *		3,782		113
Microsoft		1,573		108
Mobileye *		5,790		364
Motorola Solutions		1,647		143
NetApp		3,680		147
Nvidia		777		112
Oracle, Cl B		2,124		107
Paychex		2,240		128
PayPal Holdings *		2,142		115
Qorvo *		1,591		101
Qualcomm		2,828		156
Red Hat *		1,237		118
salesforce.com *		1,809		157
Seagate Technology		2,644		102
Skyworks Solutions		1,430		137
Symantec, Cl A		4,111		116
Synopsys *		1,972		144
Teradata *		5,408		159
Texas Instruments		1,935		149
Total System Services		2,756		161
VeriSign *		1,436		134
Visa, Cl A		1,380		129
Western Digital		1,247		110



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Western Union		7,451	$	142
Xerox		4,750		136
Xilinx		2,202		142


				8,909


Materials – 0.3%
Air Products & Chemicals		2,754		394
Albemarle		3,380		357
Avery Dennison		4,309		381
Ball		6,952		293
CF Industries Holdings		13,684		383
Dow Chemical, Cl A		4,585		289
E.I. Du Pont de Nemours		3,495		282
Eastman Chemical		3,217		270
Ecolab		2,840		377
FMC		4,104		300
Freeport-McMoRan, Cl B *		30,043		361
International Flavors & Fragrances		2,706		365
International Paper		5,522		313
Martin Marietta Materials, Cl A		1,465		326
Monsanto		2,890		342
Mosaic		17,155		392
Newmont Mining		15,646		507
Nucor		6,312		365
PPG Industries		2,761		304
Praxair		2,704		358
Sealed Air		7,243		324
Sherwin-Williams, Cl A		901		316
Vulcan Materials		2,659		337
WestRock		5,916		335


				8,271


Real Estate – 0.1%
Alexandria Real Estate Equities ‡		1,025		123
American Tower, Cl A ‡		805		107
Apartment Investment & Management, Cl A ‡		2,812		121
AvalonBay Communities ‡		651		125
Boston Properties ‡		881		108
CBRE Group, Cl A *		3,263		119
Crown Castle International ‡		1,247		125
Digital Realty Trust, Cl A ‡		1,000		113
Equinix ‡		207		89
Equity Residential ‡		1,670		110
Essex Property Trust ‡		351		90
Extra Space Storage ‡		1,522		119
Federal Realty Investment Trust ‡		1,020		129
GGP ‡		3,887		92
HCP ‡		2,765		88
Host Hotels & Resorts ‡		7,223		132
Iron Mountain ‡		1,775		61
Kimco Realty ‡		6,490		119
Macerich ‡		1,962		114



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Mid-America Apartment Communities ^‡		1,107	$	117
ProLogis ^‡		2,009		118
Public Storage ^‡		541		113
Realty Income ^‡		2,310		127
Regency Centers ^‡		1,875		117
Simon Property Group ^‡		423		68
SL Green Realty ^‡		1,090		115
UDR ^‡		2,944		115
Ventas ^‡		1,347		94
Vornado Realty Trust ^‡		1,108		104
Welltower ^‡		1,515		113
Weyerhaeuser ^‡		3,188		107


				3,392


Telecommunication Services – 0.4%
AT&T		64,961		2,451
CenturyTel		114,811		2,742
Level 3 Communications *		38,659		2,292
Verizon Communications		48,000		2,144


				9,629


Utilities – 0.5%
AES		34,577		384
Alliant Energy		12,017		483
Ameren		8,493		464
American Electric Power		5,845		406
American Water Works		4,182		326
Centerpoint Energy		14,910		408
CMS Energy		10,372		480
Consolidated Edison		5,764		466
Dominion Resources		5,881		451
DTE Energy		4,364		462
Duke Energy		4,970		415
Edison International		5,948		465
Entergy		5,464		419
Eversource Energy		6,584		400
Exelon		12,325		445
FirstEnergy		14,493		423
NextEra Energy		3,100		434
NiSource		17,067		433
NRG Energy		19,666		339
PG&E		6,752		448
Pinnacle West Capital		5,992		510
PPL		11,490		444
Public Service Enterprise Group		10,392		447
SCANA		7,259		486
Sempra Energy		4,307		486
Southern		8,657		415
WEC Energy Group		7,761		476



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Xcel Energy		10,425	$	478


				12,293

Total Common Stock
(Cost $77,436) ($ Thousands)				97,112


	Face Amount (Thousands)
CORPORATE OBLIGATIONS – 1.9%

Consumer Discretionary – 0.0%
Toyota Motor Credit MTN
3.400%, 09/15/2021 (B)	$	150		157
Trustees of Dartmouth College
4.750%, 06/01/2019 (B)		150		159
University of Southern California
5.250%, 10/01/2111 (B)		100		121

				437


Consumer Staples – 0.1%
Coca-Cola (B)
3.200%, 11/01/2023		500		519
1.150%, 04/01/2018		1,000		998
Colgate-Palmolive MTN
2.300%, 05/03/2022 (B)		250		252
Procter & Gamble
1.850%, 02/02/2021 (B)		250		249

				2,018


Energy – 0.1%
Chevron (B)
4.950%, 03/03/2019		150		158
2.100%, 05/16/2021		1,000		997
ExxonMobil
3.176%, 03/15/2024 (B)		500		513
Nexen Energy ULC
5.875%, 03/10/2035 (B)		100		119
Shell International Finance BV
3.250%, 05/11/2025 (B)		250		255
Statoil
2.450%, 01/17/2023 (B)		250		248
XTO Energy (B)
6.750%, 08/01/2037		300		411
6.500%, 12/15/2018		750		801

				3,502


Financials – 1.2%
Australia & New Zealand Banking Group NY MTN (B)
2.250%, 06/13/2019		1,300		1,310
1.875%, 10/06/2017		250		250
Bank of Montreal MTN (B)
2.550%, 11/06/2022		250		249



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
1.900%, 08/27/2021	$	750	$	736
1.500%, 07/18/2019		1,000		991
1.400%, 09/11/2017		200		200
Bank of New York Mellon
3.550%, 09/23/2021 (B)		200		209
Bank of Nova Scotia (B)
4.375%, 01/13/2021		250		267
2.700%, 03/07/2022		500		503
Berkshire Hathaway (B)
3.400%, 01/31/2022		150		158
2.750%, 03/15/2023		1,000		1,013
Canadian Imperial Bank of Commerce
1.600%, 09/06/2019 (B)		1,000		991
CME Group (B)
3.000%, 09/15/2022		100		102
3.000%, 03/15/2025		1,000		1,009
Commonwealth Bank of Australia NY MTN (B)
2.550%, 03/15/2021		1,000		1,004
1.900%, 09/18/2017		150		150
Cooperatieve Rabobank UA
2.250%, 01/14/2019 (B)		1,000		1,006
HSBC Holdings
5.100%, 04/05/2021 (B)		250		272
JPMorgan Chase Bank
1.650%, 09/23/2019 (B)		1,000		994
KFW (B)
2.500%, 11/20/2024		1,500		1,520
2.375%, 08/25/2021		1,000		1,017
2.125%, 06/15/2022		500		501
1.875%, 11/30/2020		1,000		1,001
1.500%, 06/15/2021		500		492
0.875%, 09/05/2017		200		200
KFW MTN
2.750%, 09/08/2020 (B)		1,000		1,030
Landwirtschaftliche Rentenbank (B)
2.375%, 06/10/2025		250		250
2.250%, 10/01/2021		2,000		2,020
2.000%, 01/13/2025		250		243
1.875%, 09/17/2018		550		553
1.750%, 04/15/2019		200		201
1.375%, 10/23/2019		500		497
1.000%, 04/04/2018		200		199
0.875%, 09/12/2017		300		300
Landwirtschaftliche Rentenbank MTN
1.750%, 07/27/2026 (B)		750		705
National Australia Bank (B)
3.000%, 01/20/2023		200		202
1.875%, 07/12/2021		750		734
Oesterreichische Kontrollbank (B)
1.875%, 01/20/2021		1,000		998
1.625%, 03/12/2019		1,000		1,000



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Royal Bank of Canada MTN
1.500%, 07/29/2019 (B)	$	1,000	$	992
Svenska Handelsbanken
2.500%, 01/25/2019 (B)		200		202
Svenska Handelsbanken MTN
2.450%, 03/30/2021 (B)		1,000		1,002
Toronto-Dominion Bank MTN
2.125%, 04/07/2021 (B)		500		498
US Bank
2.125%, 10/28/2019 (B)		400		403
Wells Fargo Bank
1.750%, 05/24/2019 (B)		1,000		998
Wells Fargo Bank MTN
2.150%, 12/06/2019 (B)		500		502
Westpac Banking (B)
4.875%, 11/19/2019		200		213
2.600%, 11/23/2020		1,000		1,011
2.000%, 08/19/2021		750		738

				31,636


Health Care – 0.1%
Johns Hopkins University
5.250%, 07/01/2019 (B)		18		19
Johnson & Johnson (B)
5.950%, 08/15/2037		300		404
3.375%, 12/05/2023		500		533
2.450%, 03/01/2026		1,000		975
Novartis Securities Investment
5.125%, 02/10/2019 (B)		150		158
Sanofi
4.000%, 03/29/2021 (B)		150		160

				2,249


Industrials – 0.0%
3M MTN
5.700%, 03/15/2037 (B)		150		192


Information Technology – 0.3%
Alphabet
3.625%, 05/19/2021 (B)		150		159
Apple (B)
3.250%, 02/23/2026		1,000		1,018
2.850%, 02/23/2023		1,000		1,017
2.400%, 05/03/2023		250		248
Automatic Data Processing
2.250%, 09/15/2020 (B)		500		506
Microsoft (B)
3.700%, 08/08/2046		500		495
3.300%, 02/06/2027		1,000		1,030
2.125%, 11/15/2022		500		496



Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
0.875%, 11/15/2017	$	1,500	$	1,498

				6,467


Telecommunication Services – 0.0%
Nippon Telegraph & Telephone
1.400%, 07/18/2017 (B)		200		200


Utilities – 0.1%
Duke Energy Carolinas
2.950%, 12/01/2026 (B)		1,000		995
Florida Power & Light
3.125%, 12/01/2025 (B)		1,000		1,020
Southern California Gas
5.125%, 11/15/2040 (B)		150		179

				2,194


Total Corporate Obligations (Cost $48,993) ($ Thousands)				48,895


	Shares
EXCHANGE TRADED FUND – 1.6%
United States – 1.6%
iShares iBoxx Investment Grade Corporate Bond Fund		341,704		41,179


Total Exchange Traded Fund (Cost $40,239) ($ Thousands)				41,179


PREFERRED STOCK – 0.0%
Germany – 0.0%
Fuchs Petrolub, 0.000%		1,520		83
Henkel & KGaA, 0.000%		1,296		178
Porsche Automobil Holding, 0.000%		342		19
Volkswagen, 0.000%		65		10


Total Preferred Stock (Cost $235) ($ Thousands)				290


	Number of Rights
RIGHTS – 0.0%
Spain – 0.0%
ACS Actividades de Construccion y Servicios *‡‡		2,833		2

United States – 0.0%
Safeway CVR - Casa Ley *‡‡		2,823		3



Description	Number of Rights		Market Value ($ Thousands)

RIGHTS (continued)
Safeway CVR–PDC *‡‡		2,823	$	–


Total Rights
(Cost $–) ($ Thousands)				5

Total Investments – 75.3% (Cost $1,917,225) ($ Thousands) @			$	1,957,620

A list of the open futures contracts held by the Fund at June 30, 2017, is as follows:



Type of Contract	Number of Contracts Long (Short)		Expiration Date		Unrealized Appreciation (Depreciation) ($ Thousands)
Amsterdam Index		159		Jul-2017	$	(607	)
Australian 10-Year Bond		1,336		Sep-2017		(2,051	)
CAC40 10 Euro Index		268		Jul-2017		(498	)
Canadian 10-Year Bond		1,299		Sep-2017		(3,807	)
Dax Index		126		Sep-2017		(1,641	)
DJ Euro Stoxx 50 Index		1,598		Sep-2017		(2,264	)
Euro-Bob		368		Sep-2017		(543	)
Euro-BTP		793		Sep-2017		1,313
Euro-Bund		1,578		Sep-2017		(4,138	)
Euro-Buxl 30 Year Bond		148		Sep-2017		(496	)
FTSE 100 Index		713		Sep-2017		(1,945	)
FTSE MIB Index		61		Sep-2007		(181	)
FTSE/JSE Top 40 Index		252		Sep-2017		(31	)
Hang Seng Index		97		Jul-2017		(39	)
H-Shares Index		4		Jul-2017		(2	)
IBEX 35 Plus Index		45		Jul-2017		(188	)
Japanese 10-Year Bond		31		Sep-2017		(80	)
Japanese 10-Year E-MINI		1,292		Sep-2017		(360	)
KOSPI 200 Index		24		Sep-2017		25
Long Gilt 10-Year Bond		657		Sep-2017		(1,826	)
MSCI Emerging Markets E-MINI		1,985		Sep-2017		(320	)
OMX Index		113		Jul-2017		(67	)
Russell 2000 Index E-MINI		2,029		Sep-2017		(702	)
S&P 500 Index		20		Sep-2007		(37	)
S&P 500 Index E-MINI		3,537		Sep-2017		(1,312	)
S&P Mid Cap 400 Index E-MINI		270		Sep-2017		(257	)
S&P TSX 60 Index		219		Sep-2007		(435	)
SGX S&P CNX Nifty Index		556		Jul-2017		(29	)
SPI 200 Index		128		Sep-2017		(34	)
Topix Index		625		Sep-2017		549
10-year USD Interest Rate Swap Future		1,224		Sep-2017		(1,448	)
5-year USD Interest Rate Swap Future		277		Sep-2017		(200	)
U.S. 10-Year Treasury Note		3,789		Sep-2017		(989	)
U.S. 2-Year Treasury Note		766		Oct-2017		(229	)
U.S. Long Treasury Bond		323		Sep-2017		453
Brent Crude**		156		Aug-2017		227
Cocoa**		341		Sep-2017		(99	)
Cocoa**		118		Dec-2017		78
Coffee**		186		Sep-2017		(483	)
Copper**		105		Sep-2017		342



Type of Contract	Number of Contracts Long (Short)		Expiration Date		Unrealized Appreciation (Depreciation) ($ Thousands)
Corn**		633		Sep-2017		$27
Corn**		168		Dec-2017		(20)
Cotton No. 2**		265		Dec-2017		(731)
Crude Oil**		496		Aug-2017		178
Dow Jones-UBS Commodity Index**		806		Sep-2017		78
Feeder Cattle**		63		Sep-2017		88
Feeder Cattle**		24		Oct-2017		(54)
Feeder Cattle**		94		Aug-2017		652
Gasoil**		258		Sep-2017		266
Gold 100 Oz**		389		Aug-2017		(445)
Gold 100 Oz**		57		Dec-2017		(6)
Heating Oil**		55		Sep-2017		210
ICE Brent Crude**		340		Sep-2017		–
Lean Hogs**		123		Oct-2017		119
Lean Hogs**		61		Aug-2017		203
Live Cattle**		290		Oct-2017		(180)
Live Cattle**		49		Dec-2017		(64)
Live Cattle**		290		Aug-2017		335
LME Copper**		157		Sep-2017		702
LME Lead**		64		Sep-2017		51
LME Nickel**		201		Sep-2017		(265)
LME Primary Aluminum**		776		Sep-2017		(365)
LME Zinc**		230		Sep-2017		673
Natural Gas**		472		Sep-2017		(47)
RBOB Gasoline**		138		Aug-2017		218
S&P-Goldman Sachs Commodity
Index**		228		Jul-2017		153
Silver**		263		Sep-2017		(762)
Soybean**		61		Nov-2017		(15)
Soybean Meal**		52		Dec-2017		43
Soybean Oil**		146		Dec-2017		105
Soybean Oil**		321		Sep-2017		14
Sugar No. 11**		877		Dec-2017		(1,504)
Wheat (Hard Red Winter)**		20		Sep-2017		57
Wheat**		89		Dec-2017		313
Wheat**		113		Sep-2017		343

						$(23,982)

A list of the open forward foreign currency contracts held by the Fund at June 30, 2017 is as follows:



Settlement Date		Currency to Deliver (Thousands)			Currency To Receive (Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
07/28/17	GBP		635	USD		826		$1
07/25/17-09/20/17	GBP		121,023	USD		155,777		(1,665)
07/25/17-09/20/17	EUR		387,415	USD		436,118		(7,248)
07/28/17	USD		3,458	JPY		387,212		(7)
07/28/17-09/20/17	CHF		5,243	USD		5,452		(35)
07/28/17	AUD		948	USD		728		2
07/28/17	AUD		10,100	USD		7,657		(86)
07/28/17	CAD		567	USD		437		–
07/28/17	CAD		12,300	USD		9,338		(140)
09/20/17	USD		20,590	EUR		18,286		355



Settlement Date		Currency to Deliver (Thousands)			Currency To Receive (Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
07/28/17-09/20/17	USD		2,856	EUR		2,488		$(7)
07/28/17-09/20/17	HKD		87,280	USD		11,212		14
07/28/17	HKD		2,200	USD		282		–
07/28/17	JPY		1,956,700	USD		17,428		(12)
09/20/17	USD		152	CAD		204		5
09/20/17	USD		320	CHF		310		5
09/20/17	USD		4,834	HKD		37,595		(7)
09/20/17	CNH		6,800	USD		986		(11)
09/20/17	BRL		6,300	USD		1,879		8
09/20/17	BRL		2,200	USD		651		(2)
09/20/17	USD		5,055	GBP		3,975		121
09/20/17	USD		4,621	GBP		3,547		(3)
09/20/17	USD		12,344	CNH		84,800		89
09/20/17	MXN		21,400	USD		1,129		(38)
09/20/17	TRY		24,300	USD		6,610		(129)
09/20/17	USD		324	BRL		1,100		2
09/20/17	USD		30,921	BRL		103,300		(250)
09/20/17	USD		10,481	INR		685,688		32
09/20/17	USD		23,056	INR		1,499,312		(69)
09/20/17	USD		35,065	KRW		39,260,200		(720)
09/20/17	USD		11,658	ZAR		155,664		62
09/20/17	USD		23,441	ZAR		306,936		(331)
09/20/17	USD		36,299	HUF		9,907,700		420
09/20/17	USD		45,544	PLN		170,100		329
09/20/17	USD		57,885	TRY		211,500		769
09/20/17	USD		57,273	MXN		1,073,500		1,291
09/20/17	USD		1,168	MXN		21,200		(11)
09/20/17	ZAR		18,800	USD		1,425		10
09/20/17	ZAR		53,000	USD		3,950		(41)
09/20/17	INR		53,300	USD		818		1
09/20/17	INR		356,900	USD		5,451		(21)
09/20/17	HUF		707,800	USD		2,579		(44)
09/20/17	KRW		2,278,400	USD		2,012		19

								$(7,342)

A list of the counterparties for the outstanding forward foreign currency contracts held by the Fund at June 30, 2017 is as follows:



Counterparty	Currency to Deliver ($ Thousands)			Currency to Receive ($ Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
Barclays PLC		$(165,867	)	$	162,534		$(3,333	)
Brown Brothers Harriman		(727)			729		2
Citigroup		(805,858)			802,607		(3,251)
Credit Suisse		(95,905)			95,144		(761)
JPMorgan Chase Bank		(1,151)			1,152		1

							$(7,342)

A list of open OTC swap agreements held by the Fund at June 30, 2017, are as follows:

A list of open centrally cleared swap agreements held by the Fund at June 30, 2017, are as follows:

Percentages are based on Net Assets of $2,599,439 ($ Thousands).

*	Non-income producing security.

**	Futures and swap contracts held by the Accumulation Commodity Strategy Subsidiary, Ltd. as of June 30, 2017.

‡	Real Estate Investment Trust.

‡‡	Expiration date unavailable.

(A)	The rate reported is the effective yield at the time of purchase.

(B)	Security, or a portion thereof, is held by the Accumulation Commodity Strategy Subsidiary, Ltd. as of June 30, 2017.

(C)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On June 30, 2017, the value of these securities amounted to $7,746 ($ Thousands), representing 0.3% of the net assets of the Fund.

ADR – American Depositary Receipt

AUD – Australian Dollar

BRL – Brazilian Real

CAD – Canadian Dollar

CHF – Swiss Franc

Cl – Class

CNH – Chinese Yuan (Offshore)

CVR – Contingent Value Rights

DJ – Dow Jones

EUR – Euro

FTSE– Financial Times and Stock Exchange

GBP – British Pound Sterling

HKD – Hong Kong Dollar

HUF – Hungarian Forint

IBEX – Spanish Exchange Index

INR – Indian Rupee

JPY – Japanese Yen

JSE – Johannesburg Stock Exchange

KOSPI – Korea Composite Stock Price Index

KRW – Korean Won

LIBOR – London Interbank Offered Rate

LME – London Metal Exchange

MIB –Milano Italia Borsa

MSCI – Morgan Stanley Capital International

MTN – Medium Term Note

MXN – Mexican Peso

OTC – Over the Counter

PLC – Public Limited Company

PLN – Polish Zloty

RBOB – Reformulated Blendstock for Oxygenate Blending

S&P– Standard & Poor's

SGX – Singapore Exchange

SPI – Share Price Index

TRY – New Turkish Lira

TSX – Toronto Stock Exchange

TWD – Taiwan Dollar

ULC – Unlimited Liability Company

USD – United States Dollar

ZAR – South African Rand

@ At June 30, 2017, the tax basis cost of the Fund’s investments was $1,917,225 ($ Thousands), and the unrealized appreciation and depreciation were $58,504 ($ Thousands) and ($18,109) ($ Thousands) respectively.

The following is a list of the level of inputs used as of June 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):



Investments in Securities	Level 1		Level 2		Level 3		Total
U.S. Treasury Obligations	$	–	$	1,239,080	$	–	$	1,239,080
Sovereign Debt		–		419,985		–		419,985
Foreign Common Stock		111,074		–		–		111,074
Common Stock		97,112		–		–		97,112
Corporate Obligations		–		48,895		–		48,895
Exchange Traded Fund		41,179		–		–		41,179
Preferred Stock		290		–		–		290
Rights		2		3		–		5

Total Investments in Securities	$	249,657	$	1,707,963	$	–	$	1,957,620


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Appreciation	$	7,814	$	–	$	–	$	7,814
Unrealized Depreciation		(31,796)		–		–		(31,796)
Forwards Contracts *
Unrealized Appreciation		–		3,535		–		3,535
Unrealized Depreciation		–		(10,877)		–		(10,877)
OTC Swaps
Total Return Swaps *
Unrealized Appreciation		–		1,863		–		1,863
Unrealized Depreciation		–		(5,270)		–		(5,270)
Centrally Cleared Swaps
Interest Rate Swaps *
Unrealized Depreciation		–		(1,223)		–		(1,223)


Total Other Financial Instruments	$	(23,982)	$	(11,972)	$	–	$	(35,954)

*Futures contracts, forward contracts and swaps contracts are valued at the unrealized appreciation (depreciation) on the instrument.

For the period ended June 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended June 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

Amounts designated as “–” are $0 or have been rounded to $0.



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES – 28.7%

Mortgage Related Securities – 0.1%

GSAA Home Equity Trust, Ser 2006-14, Cl A3A
1.274%, 09/25/2036 (A)	$	484	$	291
Soundview Home Loan Trust, Ser 2006-OPT3, Cl 2A4
1.466%, 06/26/2036 (A)		1,360		1,189

				1,480


Other Asset-Backed Securities – 28.6%
A Voce CLO, Ser 2014-A1, Cl AIR
2.318%, 07/15/2026		2,200		2,200
AASET Trust, Ser 2017-1A, Cl A
3.967%, 05/16/2042 (B)		4,400		4,407
ABPCI Direct Lending Fund CLO I, Ser 2016-1A, Cl A
3.650%, 12/22/2028 (A)(B)		3,000		2,987
ABPCI Direct Lending Fund CLO II, Ser 2017-1A, Cl A2
0.000%, 07/20/2029 (B)(C)		1,000		1,003
Academic Loan Funding Trust, Ser 2012-1A, Cl A2
2.124%, 12/27/2044 (A)(B)		1,350		1,346
ACIS CLO, Ser 2013-1A, Cl ACOM
2.386%, 04/18/2024 (A)(B)		1,000		980
ACIS CLO, Ser 2013-1A, Cl D
5.524%, 04/18/2024 (A)(B)		800		801
ACIS CLO, Ser 2014-4A, Cl A
2.454%, 05/01/2026 (A)(B)		500		501
ACIS CLO, Ser 2017-2A, Cl BR
2.208%, 10/14/2022 (A)(B)		49		49
ACIS CLO, Ser 2017-2A, Cl C2R
2.458%, 10/14/2022 (A)(B)		100		100
Adams Mill CLO, Ser 2014-1A, Cl E1
6.158%, 07/15/2026 (A)(B)		1,000		943
AIM Aviation Finance, Ser 2015-1A, Cl B1
5.072%, 02/15/2040 (B)		839		824
Aimco CLO, Ser 2017-A
2.593%, 07/20/2029		1,600		1,599
Airplanes Pass-Through Trust, Ser 2001-1A, Cl A9
1.539%, 03/15/2019 (A)(B)		919		107
ALM XIV, Ser 2014-14A, Cl C
4.489%, 07/28/2026 (A)(B)		1,250		1,263
AMMC CLO XI, Ser 2012-11A, Cl SUB
0.000%, 10/30/2023 (B)		2,100		1,142
AMMC CLO XIV, Ser 2014-14A, Cl A3L
3.838%, 07/27/2026 (A)(B)		1,000		1,000
Anchorage Capital CLO 4, Ser 2017-4A, Cl A1AR
2.312%, 07/28/2026 (A)(B)		1,500		1,503
Anchorage Capital CLO 6, Ser 2015-6A, Cl A1
2.563%, 04/15/2027 (A)(B)		750		750



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Anchorage Credit Funding 4, Ser 2016-4A, Cl B
4.500%, 02/15/2035 (B)	$	1,000	$	990
Apidos CLO X, Ser 2012-10A, Cl A
2.459%, 10/30/2022 (A)(B)		1,252		1,252
Apidos CLO XIX, Ser 2017-19A, Cl A1R
2.234%, 10/17/2026 (A)(B)		600		600
Apollo Aviation Securitization Equity Trust, Ser 2014-1, Cl A
5.125%, 12/15/2029 (A)		3,943		3,958
Apollo Aviation Securitization Equity Trust, Ser 2014-1, Cl B
7.375%, 12/15/2029 (A)		3,764		3,778
Apollo Aviation Securitization Equity Trust, Ser 2016-2, Cl A
4.212%, 11/15/2041 to 11/15/2041		996		997
Apollo Aviation Securitization Equity Trust, Ser 2016-2, Cl B
5.926%, 11/15/2041 to 11/15/2041		1,231		1,234
Apollo Aviation Securitization Equity Trust, Ser 2016-2, Cl C
7.869%, 11/15/2041		678		680
0.000%, 11/15/2041		205		205
ARES XXV CLO, Ser 2012-3A, Cl SUB
0.000%, 01/17/2024 (B)		750		95
ARES XXVI CLO, Ser 2013-1A, Cl C
3.773%, 04/15/2025 (A)(B)		750		750
Atlas Senior Loan Fund, Ser 2012-2A, Cl SUB
0.000%, 01/30/2024 (B)		950		558
Atlas Senior Loan Fund, Ser 2013-2A, Cl A3L
3.882%, 02/17/2026		1,350		1,350
Atrium X, Ser 2017-10A, Cl AR
2.120%, 07/16/2025 (A)(B)		1,550		1,552
Avery Point III CLO, Ser 2013-3X, Cl COM
0.701%, 01/18/2025		3,000		2,548
B&M CLO, Ser 2014-1A, Cl A2
2.973%, 04/16/2026 (A)(B)		450		450
Babson CLO, Ser 2012-2A, Cl SUB
0.000%, 05/15/2023 (B)		3,000		1,640
Babson CLO, Ser 2014-IA, Cl SUB
0.797%, 07/20/2025 (A)(B)		2,400		1,330
Bank of America Student Loan Trust, Ser 2010-1A, Cl A
1.838%, 02/25/2043 (A)(B)		256		258
Bayview Opportunity Master Fund IIIa Trust, Ser 2016-RN3, Cl A1
3.598%, 09/28/2031 (B)		2,483		2,496
Bayview Opportunity Master Fund IIIb Trust, Ser 2017-RN3, Cl A1
3.228%, 05/28/2032 (B)		1,188		1,188
Bayview Opportunity Master Fund IVb Trust, Ser 2017-NPL1, Cl A1
3.598%, 01/26/2032 (B)		1,459		1,456



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Bayview Opportunity Master Fund IVb Trust, Ser 2017-RN1, Cl A1
3.598%, 02/28/2032 (A)(B)	$	3,272	$	3,290
Benefit Street Partners CLO II, Ser 2017-IIA, Cl A1R
0.000%, 07/15/2029 (A)(B)		1,650		1,650
Brazos Higher Education Authority, Ser 2005- 2, Cl A11
1.293%, 09/27/2021 (A)		218		218
Catamaran CLO, Ser 2016-1A, Cl CR
4.002%, 12/20/2023 (A)(B)		1,000		1,000
Cedar Funding II CLO, Ser 2017-1A, Cl A1R
2.519%, 06/09/2030 (A)(B)		1,700		1,700
Cedar Funding V CLO, Ser 2016-5A, Cl A1
2.633%, 07/17/2028 (A)(B)		2,000		2,021
Cerberus Loan Funding XVI, Ser 2016-2A, Cl C
4.686%, 11/17/2027 (A)(B)		1,000		1,010
Cerberus Loan Funding XVII, Ser 2016-3A, Cl A
3.619%, 01/15/2028 (A)(B)		2,000		2,013
Cerberus Onshore II CLO, Ser 2014-1A, Cl C
4.523%, 10/15/2023 (A)(B)		250		251
4.230%, 10/15/2023 (A)(B)		750		750
Cerberus Onshore II CLO, Ser 2014-1A, Cl D
5.030%, 10/15/2023 (A)(B)		750		749
5.023%, 10/15/2023 (A)(B)		250		249
Chesapeake Funding II, Ser 2017-2A, Cl A1
1.990%, 05/15/2029 (B)		1,600		1,598
CIFC Funding, Ser 2016-3A, Cl A1R
2.239%, 01/29/2025 (A)(B)		2,145		2,145
CIT Education Loan Trust, Ser 2005-1, Cl A3
1.251%, 03/15/2026 (A)		521		520
Citigroup Mortgage Loan Trust, Ser 2005- OPT4, Cl M5
1.644%, 07/25/2035 (A)		500		468
COA Summit CLO, Ser 2014-1A, Cl C
4.880%, 04/20/2023 (A)(B)		500		500
Copper River CLO, Ser 2007-1A, Cl INC
0.000%, 01/20/2021 (B)		3,000		423
Cutwater, Ser 2017-1A, Cl A1AR
2.469%, 07/15/2026 (A)(B)		1,600		1,599
DIVCORE CLO, Ser 2013-1A, Cl B
4.889%, 11/15/2032		750		750
Dryden 37 Senior Loan Fund, Ser 2015-37A, Cl Q
0.211%, 04/15/2027 (B)		1,000		902
Dryden 41 Senior Loan Fund, Ser 2015-41A, Cl SUB
1.315%, 10/15/2027 (A)(B)		1,600		1,072
ECAF I, Ser 2015-1A, Cl B1
5.802%, 06/15/2040 (B)		1,756		1,757



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
ECMC Group Student Loan Trust, Ser 2016-1A, Cl A
2.374%, 07/26/2066 (A)(B)	$	1,128	$	1,134
Educational Funding of the South, Ser 2011-1, Cl A2
1.806%, 04/25/2035 (A)		466		464
EFS Volunteer No. 2, Ser 2012-1, Cl A2
2.374%, 03/25/2036 (A)(B)		1,300		1,321
EFS Volunteer No. 3, Ser 2012-1, Cl A3
2.024%, 04/25/2033 (A)(B)		800		805
Emerald Aviation Finance, Ser 2013-1, Cl B
6.350%, 10/15/2038 (B)		1,092		1,118
Falcon Aerospace, Ser 2017-1, Cl A
4.581%, 02/15/2042 (B)		1,516		1,532
Falcon Aerospace, Ser 2017-1, Cl B
6.300%, 02/15/2042 (B)		1,173		1,186
Fifth Street SLF II, Ser 2015-2A, Cl A2
3.849%, 09/29/2027 (A)(B)		1,000		1,001
Flagship VII, Ser 2017-7A, Cl A1R
2.276%, 01/20/2026 (A)(B)		1,100		1,099
Flagship VII, Ser 2017-7A, Cl CR
3.506%, 01/20/2026 (A)(B)		1,500		1,483
Fortress Credit BSL II, Ser 2017-2A, Cl A1FR
0.000%, 10/19/2025 (B)		2,500		2,499
Fortress Credit BSL II, Ser 2017-2A, Cl CR
0.000%, 10/19/2025 (B)		1,000		998
Fortress Credit Investments IV, Ser 2015-4A, Cl D
4.523%, 07/17/2023 (A)(B)		1,000		995
Fortress Credit Opportunities III CLO, Ser 2017- 3A, Cl A1TR
2.806%, 04/28/2026 (A)(B)		5,100		5,092
Fortress Credit Opportunities III CLO, Ser 2017- 3A, Cl CR
4.256%, 04/28/2026 (A)(B)		2,500		2,482
Fortress Credit Opportunities V CLO, Ser 2017- 5A, Cl CR
0.000%, 10/15/2026 (B)		2,250		2,235
Fortress Credit Opportunities V CLO, Ser 2017- 5A, Cl DR
0.000%, 10/15/2026 (B)		1,000		1,000
Fortress Credit Opportunities VI CLO, Ser 2015- 6A, Cl D
6.228%, 10/10/2026 (A)(B)		1,000		992
Fortress Credit Opportunities VII CLO, Ser 2016-7A, Cl B
3.913%, 12/15/2028 (A)(B)		2,000		2,000
Galaxy XVIII CLO, Ser 2017-18A, Cl AR
2.328%, 10/15/2026 (A)(B)		1,800		1,799
Gallatin CLO VII, Ser 2014-1A, Cl D
4.783%, 07/15/2023 (A)(B)		500		499



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Garrison Funding, Ser 2016-2A, Cl B
5.057%, 09/29/2027 (A)(B)	$	1,000	$	1,012
GCAT, Ser 2015-1, Cl A1
3.625%, 05/26/2020 (B)		474		474
GCAT, Ser 2017-1, Cl A1
3.375%, 03/25/2047 (D)		2,581		2,575
GCAT, Ser 2017-4, Cl A1
3.228%, 05/25/2022 (B)		1,189		1,187
GoldenTree Loan Opportunities IX, Ser 2016- 9A, Cl AR
2.540%, 10/29/2026 (A)(B)		1,850		1,850
Golub Capital Partners CLO, Ser 2014-18A, Cl C
4.538%, 04/25/2026 (A)(B)		600		594
Golub Capital Partners CLO, Ser 2014-18A, Cl D
5.038%, 04/25/2026 (A)(B)		300		295
Golub Capital Partners CLO, Ser 2014-21A, Cl C
4.338%, 10/25/2026 (A)(B)		1,200		1,188
Golub Capital Partners CLO, Ser 2015-24A, Cl C
4.784%, 02/05/2027 (A)(B)		2,000		1,998
Golub Capital Partners CLO, Ser 2015-25A, Cl C
4.684%, 08/05/2027 (A)(B)		1,000		991
Golub Capital Partners CLO, Ser 2016-33A, Cl A
3.391%, 11/21/2028 (A)(B)		2,000		1,994
Golub Capital Partners CLO, Ser 2017-16A, Cl BR
0.000%, 07/25/2029 (B)		2,000		2,003
Gramercy Park CLO, Ser 2012-1A, Cl SUB
2.122%, 07/17/2023 (A)(B)		1,100		43
Grayson CLO, Ser 2006-1A, Cl A2
1.580%, 11/01/2021 (A)(B)		700		697
Great Lakes CLO, Ser 2012-1A
0.000%, 01/15/2023 (B)		1,000		640
Great Lakes CLO, Ser 2014-1A, Cl C
4.723%, 04/15/2025 (A)(B)		2,500		2,480
Great Lakes CLO, Ser 2014-1A, Cl D
5.223%, 04/15/2025 (A)(B)		500		486
Greywolf CLO III, Ser 2014-1A, Cl B
3.891%, 04/22/2026 (A)(B)		750		750
GSAMP Trust, Ser 2002-HE2, Cl A1
2.252%, 10/20/2032 (A)(B)		1,410		1,392
Halcyon Loan Advisors Funding, Ser 2012-1A, Cl B
4.039%, 08/15/2023 (A)(B)		500		500
Halcyon Loan Advisors Funding, Ser 2012-2A, Cl C
4.002%, 12/20/2024 (A)(B)		500		500
Halcyon Loan Advisors Funding, Ser 2013-1A, Cl A1
2.308%, 04/15/2025 (A)(B)		500		500
Halcyon Loan Advisors Funding, Ser 2014-1A, Cl A1
2.554%, 04/18/2026 (A)(B)		650		650



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Halcyon Loan Advisors Funding, Ser 2014-1A, Cl A1R
0.000%, 04/18/2026 (B)	$	650	$	650
Jamestown CLO VI, Ser 2017-6A, Cl A1AR
0.000%, 02/20/2027 (B)		1,700		1,700
Jamestown CLO X, Ser 2017-10A, Cl A1
0.000%, 07/17/2029 (B)		3,400		3,395
JP Morgan Mortgage Acquisition Trust, Ser 2007-CH5, Cl A5
1.284%, 05/25/2037 (A)		1,400		1,283
Kingsland IV, Ser 2007-4A, Cl D
2.608%, 04/16/2021 (A)(B)		500		493
KKR CLO, Ser 2015-12, Cl C
4.023%, 07/15/2027 (A)(B)		1,000		1,000
KVK CLO, Ser 2013-1A, Cl SUB
0.000%, 04/14/2025 (A)(B)		3,500		1,089
KVK CLO, Ser 2017-2A, Cl CR
3.708%, 07/15/2026 (A)(B)		1,250		1,250
LCM XVI, Ser 2017-16A, Cl AR
0.000%, 07/15/2026 (B)		1,700		1,700
Lime Street CLO, Ser 2007-1A, Cl D
3.652%, 06/20/2021 (A)(B)		750		744
Marathon CLO II, Ser 2005-2A, Cl INC
0.000%, 12/20/2019 (B)		750		–
MCF CLO IV, Ser 2014-1A, Cl E
6.780%, 10/15/2025 (A)(B)		500		483
Montana Higher Education Student Assistance, Ser 2012-1, Cl A3
2.262%, 07/20/2043 (A)		700		688
Mountain Hawk II CLO, Ser 2013-2A, Cl C
3.630%, 07/22/2024 (A)(B)		1,000		997
Mountain Hawk II CLO, Ser 2013-2A, Cl D
4.180%, 07/22/2024 (A)(B)		1,000		966
Mountain View CLO, Ser 2017-1A, Cl AR
2.304%, 10/15/2026 (A)(B)(E)		1,150		1,150
MP CLO III, Ser 2013-1A, Cl C
3.780%, 04/20/2025 (A)(B)		1,000		1,000
Navient Student Loan Trust, Ser 2016-2, Cl A2
2.266%, 06/25/2065 (A)(B)		750		756
Navient Student Loan Trust, Ser 2016-5A, Cl A
2.466%, 06/25/2065 (A)(B)		2,196		2,231
Navient Student Loan Trust, Ser 2016-7A, Cl A
2.366%, 03/25/2066 (A)(B)		1,121		1,134
Navient Student Loan Trust, Ser 2017-2A, Cl A
2.074%, 12/27/2066 (A)(B)		2,418		2,432
NewMark Capital Funding CLO, Ser 2014-2A, Cl E
5.798%, 06/30/2026 (A)(B)		3,000		2,829
NewStar Arlington Senior Loan Program, Ser 2014-1A, Cl C1
4.338%, 07/25/2025 (A)(B)		1,000		991



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
NewStar Arlington Senior Loan Program, Ser 2014-1A, Cl D
5.288%, 07/25/2025 (A)(B)	$	750	$	720
Newstar Commercial Loan Funding, Ser 2014- 1A, Cl C
4.630%, 04/20/2025 (A)(B)		1,500		1,485
Newstar Commercial Loan Funding, Ser 2014- 1A, Cl D
5.780%, 04/20/2025 (A)(B)		750		736
Newstar Commercial Loan Funding, Ser 2015- 1A, Cl C
4.880%, 01/20/2027 (A)(B)		1,000		990
Newstar Commercial Loan Funding, Ser 2017- 1A, Cl CN
4.538%, 03/20/2027 (A)(B)		750		756
Newstar Trust, Ser 2012-2A, Cl D
7.406%, 01/20/2023 (A)(B)		500		499
Northwoods Capital XIV, Ser 2017-14A, Cl CR
3.632%, 11/12/2025 (A)(B)		1,500		1,500
NRPL Trust, Ser 2014-2A, Cl A1
3.750%, 10/25/2057 (A)(B)		722		733
NRPL Trust, Ser 2015-1A, Cl A1
3.875%, 11/01/2054 (B)		1,836		1,829
N-Star REL CDO VIII, Ser 2006-8A, Cl A2
1.411%, 02/01/2041 (A)(B)		1,598		1,583
NXT Capital CLO, Ser 2017-1A, Cl B
3.506%, 04/20/2029 (A)(B)		1,000		1,000
OCP CLO, Ser 2014-6A, Cl B
4.123%, 07/17/2026 (A)(B)		1,000		1,000
OCP CLO, Ser 2016-12A, Cl A1
2.728%, 10/18/2028 (A)(B)		1,400		1,412
OCP CLO, Ser 2017-13A, Cl A1A
0.000%, 07/15/2030 (B)		1,700		1,698
Octagon Investment Partners XIX, Ser 2017-1A, Cl AR
2.258%, 04/15/2026 (A)(B)		1,100		1,103
Octagon Investment Partners XV, Ser 2013-1A, Cl C
3.875%, 01/19/2025 (A)(B)		500		500
Octagon Loan Funding, Ser 2014-1X, Cl COMB
0.000%, 11/18/2026		4,800		4,186
OFSI Fund VI, Ser 2014-6A, Cl A1
2.053%, 03/20/2025 (A)(B)		650		647
OFSI Fund VII, Ser 2014-7A, Cl A
2.498%, 10/18/2026 (A)(B)		601		601
OHA Credit Partners IX, Ser 2013-9A, Cl ACOM
0.476%, 10/20/2025 (B)		2,000		1,817
Panhandle-Plains Higher Education Authority, Ser 2011-1, Cl A2
1.948%, 07/01/2024 (A)		892		893
PHEAA Student Loan Trust, Ser 2016-1A, Cl A
2.174%, 09/25/2065 (A)(B)		1,193		1,207



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Pinnacle Park CLO, Ser 2017-1A, Cl AR
2.418%, 04/15/2026 (A)(B)	$	1,500	$	1,500
Popular ABS Mortgage Pass-Through Trust, Ser 2005-6, Cl A4
4.044%, 01/25/2036		1,000		980
Primus CLO II, Ser 2007-2A, Cl C
1.973%, 07/15/2021 (A)(B)		1,500		1,500
Putnam Structured Product Funding, Ser 2003- 1A, Cl A2
1.989%, 10/15/2038 (A)(B)		1,825		1,709
RAIT CRE CDO I, Ser 2006-1X, Cl A1B
1.340%, 11/20/2046 (A)		223		220
Raspro Trust, Ser 2005-1A, Cl B
1.781%, 03/23/2024 (A)(B)		4,705		4,458
Regatta V Funding, Ser 2017-1A, Cl A1AR
2.316%, 10/25/2026 (A)(B)		1,800		1,807
Scholar Funding Trust, Ser 2011-A, Cl A
1.939%, 10/28/2043 (A)(B)		1,466		1,451
Scholar Funding Trust, Ser 2012-B, Cl A2
2.144%, 03/28/2046 (A)(B)		1,647		1,647
Shackleton VII CLO, Ser 2015-7A, Cl CR
3.873%, 04/15/2027 (A)(B)		1,000		1,000
SLM Student Loan Trust, Ser 2003-7A, Cl A5A
2.446%, 12/15/2033 (A)(B)		1,008		1,018
SLM Student Loan Trust, Ser 2004-8A, Cl A6
1.668%, 01/25/2040 (A)(B)		950		938
SLM Student Loan Trust, Ser 2005-5, Cl A5
1.788%, 10/25/2040 (A)		250		244
SLM Student Loan Trust, Ser 2008-3, Cl A3
2.038%, 10/25/2021 (A)		582		586
SLM Student Loan Trust, Ser 2008-4, Cl A4
2.806%, 07/25/2022 (A)		388		397
SLM Student Loan Trust, Ser 2008-5, Cl A4
2.856%, 07/25/2023 (A)		1,076		1,106
SLM Student Loan Trust, Ser 2008-6, Cl A4
2.256%, 07/25/2023 (A)		700		704
SLM Student Loan Trust, Ser 2008-8, Cl A4
2.656%, 04/25/2023 (A)		400		409
Sound Point CLO VI, Ser 2017-2A, Cl A1R
2.296%, 10/20/2026 (A)(B)		850		850
Sound Point CLO XI, Ser 2016-1A, Cl A
2.680%, 07/20/2028 (A)(B)		2,800		2,822
Sound Point CLO XI, Ser 2016-1A, Cl B1
3.430%, 07/20/2028 (A)(B)		800		807
Sound Point CLO XV, Ser 2017-1A, Cl A
2.429%, 01/23/2029 (A)(B)		2,050		2,056
Stanwich Mortgage Loan Trust, Ser 2016-NPA1
3.844%, 10/16/2046 (A)(B)		2,301		2,306
TCP Waterman CLO, Ser 2016-1A, Cl A2
4.131%, 12/15/2028 (A)(B)		1,000		1,009
Telos CLO, Ser 2013-3A, Cl D
5.273%, 01/17/2024 (A)(B)		1,050		1,051



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Telos CLO, Ser 2017-6A, Cl CR
3.758%, 01/17/2027 (A)(B)	$	1,000	$	1,000
THL Credit Wind River CLO, Ser 2017-1A, Cl A
2.374%, 04/18/2029 (A)(B)		1,200		1,201
TICP CLO VI, Ser 2016-6A, Cl A
2.434%, 01/15/2029 (A)(B)		1,300		1,306
TICP CLO, Ser 2014-2A, Cl A1AR
2.316%, 07/20/2026		4,500		4,498
TICP CLO, Ser 2014-3A, Cl AR
2.336%, 01/20/2027		1,600		1,600
Treman Park CLO, Ser 2015-1A, Cl COM
0.459%, 04/20/2027 (B)		3,000		2,628
Trestles CLO, Ser 2017-1A, Cl A1A
0.000%, 07/25/2029 (B)		1,500		1,500
Triaxx Prime, Ser 2006-2A, Cl A1A
1.320%, 10/02/2039 (A)(B)		3,260		3,176
Turbine Engines Securitization, Ser 2013-1A, Cl A
5.125%, 12/15/2048 (B)		789		771
Turbine Engines Securitization, Ser 2013-1A, Cl B
6.375%, 12/15/2048 (B)		502		467
Venture XIX CLO, Ser 2016-19A, Cl CR
3.872%, 01/15/2027 (A)(B)		1,000		1,000
Venture XVI CLO, Ser 2017-16A, Cl A1R
0.000%, 04/15/2026 (B)		1,000		1,000
VOLT LI, Ser 2016-NP11, Cl A1
3.500%, 10/25/2046 (B)		1,789		1,790
VOLT LII, Ser 2016-NP12, Cl A1
3.625%, 11/26/2046 (B)		1,534		1,539
VOLT LIII, Ser 2016-NP13, Cl A1
3.875%, 12/25/2046 (B)		870		873
VOLT LIV, Ser 2017-NPL1, Cl A1
3.625%, 02/25/2047 (B)		1,639		1,640
Voya CLO, Ser 2017-4A, Cl A1R
0.000%, 10/14/2026 (B)		2,500		2,500
Wachovia Asset Securitization Issuance II, Ser 2007-HE1, Cl A
1.356%, 07/25/2037 (A)(B)		648		556
West CLO, Ser 2013-1A, Cl SUB
0.000%, 11/07/2025 (B)		1,350		648
WhiteHorse VIII, Ser 2014-1A, Cl C
3.920%, 05/01/2026 (A)(B)		1,000		1,000
Willis Engine Securitization Trust II, Ser 2012-A, Cl A
5.500%, 09/15/2037 (B)		1,381		1,374
Woodmont Trust, Ser 2017-2A, Cl B
0.000%, 07/18/2028 (B)		2,400		2,400



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
York CLO 1, Ser 2017-1A, Cl AR
2.303%, 01/22/2027 (A)(B)	$	1,800	$	1,800

				260,736
Total Asset-Backed Securities
(Cost $271,956) ($ Thousands)				262,216

CORPORATE OBLIGATIONS – 20.0%
Consumer Discretionary – 1.9%
1011778 BC ULC (B)
4.625%, 01/15/2022		700		717
4.250%, 05/15/2024		650		646
21st Century Fox America
4.950%, 10/15/2045		250		271
Altice Financing (B)
7.500%, 05/15/2026		2,025		2,248
6.625%, 02/15/2023		500		530
AMC Networks
5.000%, 04/01/2024		400		409
Cablevision
6.500%, 06/15/2021 (B)		150		159
CCO Holdings
5.750%, 02/15/2026 (B)		675		722
Charter Communications Operating
6.484%, 10/23/2045		50		60
4.908%, 07/23/2025		750		810
Clear Channel Worldwide Holdings
6.500%, 11/15/2022		550		561
Comcast
3.375%, 08/15/2025		300		308
Ford Motor Credit
5.875%, 08/02/2021		350		390
General Motors
3.500%, 10/02/2018		250		254
Gray Television
5.125%, 10/15/2024 (B)		250		253
iHeartCommunications
9.000%, 12/15/2019		825		648
IHO Verwaltungs GmbH
4.500%, 09/15/2023 (B)		550		558
MGM Resorts International
6.750%, 10/01/2020		600		665
Nexstar Broadcasting
5.625%, 08/01/2024 (B)		200		203
PetSmart
5.875%, 06/01/2025 (B)		450		434
RH
0.000%, 06/15/2019 (B)(D)		900		819
Schaeffler Finance
4.750%, 05/15/2023 (B)		275		283
Scientific Games International
7.000%, 01/01/2022 (B)		650		692



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
SFR Group
6.000%, 05/15/2022 (B)	$	550	$	575
Sirius XM Radio (B)
5.375%, 04/15/2025		400		414
4.625%, 05/15/2023		250		257
Unitymedia GmbH
6.125%, 01/15/2025 (B)		1,050		1,126
Universal Entertainment MTN
8.500%, 08/24/2020 (B)		250		257
UPC Holding BV
6.750%, 03/15/2023	EUR	350		427
UPCB Finance IV
5.375%, 01/15/2025 (B)	$	200		209
4.000%, 01/15/2027	EUR	350		416
Virgin Media Secured Finance
5.500%, 01/15/2025 (B)	$	1,050		1,092
4.875%, 01/15/2027	GBP	100		133

				17,546


Consumer Staples – 0.8%
Anheuser-Busch InBev Finance
4.900%, 02/01/2046	$	725		818
Anheuser-Busch InBev Worldwide
4.950%, 01/15/2042		300		339
BAT International Finance (B)
3.950%, 06/15/2025		425		441
2.750%, 06/15/2020		350		355
Beverages & More
11.500%, 06/15/2022 (B)		100		97
Bumble Bee Holdings
9.000%, 12/15/2017 (B)		2,796		2,803
Central American Bottling
5.750%, 01/31/2027 (B)		180		190
CVS Health
5.125%, 07/20/2045		150		172
3.875%, 07/20/2025		332		345
Kraft Heinz Foods
4.375%, 06/01/2046		300		294
3.500%, 07/15/2022		350		361
Lindley
4.625%, 04/12/2023		190		198
Reynolds American
5.850%, 08/15/2045		250		306
4.450%, 06/12/2025		425		455
Sysco
4.850%, 10/01/2045		150		166
3.750%, 10/01/2025		350		363

				7,703


Energy – 3.8%
American Midstream Partners
8.500%, 12/15/2021 (B)		400		401



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Antero Resources
5.125%, 12/01/2022	$	1,050	$	1,052
Apache
4.750%, 04/15/2043		350		351
4.250%, 01/15/2044		350		328
Approach Resources
7.000%, 06/15/2021		320		274
BreitBurn Energy Partners
9.250%, 05/18/2020 (C)(E)		813		749
Chesapeake Energy
8.000%, 01/15/2025 (B)		750		742
ConocoPhillips
4.950%, 03/15/2026		500		557
3.350%, 11/15/2024		350		357
CONSOL Energy
8.000%, 04/01/2023		1,000		1,050
DCP Midstream Operating
5.600%, 04/01/2044		700		660
Devon Energy
5.850%, 12/15/2025		800		909
3.250%, 05/15/2022		200		199
Dolphin Energy
5.500%, 12/15/2021		220		240
Dynagas LNG Partners
6.250%, 10/30/2019		1,579		1,555
Ensco
5.750%, 10/01/2044		950		622
Enterprise Products Operating
3.750%, 02/15/2025		500		515
3.700%, 02/15/2026		300		305
FTS International
8.746%, 06/15/2020 (A)(B)		675		677
Gazprom OAO Via Gaz Capital
9.250%, 04/23/2019		310		344
Gazprom OAO Via Gaz Capital MTN
7.288%, 08/16/2037		200		237
GNL Quintero
4.634%, 07/31/2029		400		415
Greenko Dutch BV
8.000%, 08/01/2019		250		261
Hess
7.300%, 08/15/2031		350		403
KazMunayGas National JSC MTN
9.125%, 07/02/2018		600		635
Kinder Morgan
5.050%, 02/15/2046		175		176
Neerg Energy
6.000%, 02/13/2022 (B)		400		409
Noble Holding International
6.050%, 03/01/2041		900		531
Petroamazonas EP
4.625%, 02/16/2020 (B)		220		206



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Petrobras Global Finance BV
8.375%, 05/23/2021	$	1,280	$	1,433
7.375%, 01/17/2027		770		814
6.125%, 01/17/2022		730		753
Petrobras International Finance
5.375%, 01/27/2021		320		325
Petroleos de Venezuela
6.000%, 10/28/2022		8,860		2,958
6.000%, 05/16/2024		4,010		1,500
6.000%, 11/15/2026		2,360		873
5.500%, 04/12/2037		130		47
5.375%, 04/12/2027		1,050		378
Petroleos Mexicanos
6.500%, 03/13/2027 (B)		420		451
6.375%, 02/04/2021		220		238
6.375%, 01/23/2045		30		29
5.500%, 06/27/2044		70		62
5.375%, 03/13/2022 (B)		180		190
4.875%, 01/24/2022		10		10
3.500%, 07/23/2020		100		101
Petroleos Mexicanos MTN
6.875%, 08/04/2026		1,080		1,196
6.750%, 09/21/2047		100		101
5.125%, 03/15/2023	EUR	1,040		1,334
4.875%, 02/21/2028		410		487
Plains All American Pipeline
3.650%, 06/01/2022	$	900		918
Saka Energi Indonesia
4.450%, 05/05/2024 (B)		200		201
Schahin II Finance
5.875%, 09/25/2022 (B)(E)		1,737		200
SM Energy
6.750%, 09/15/2026		200		191
5.000%, 01/15/2024		775		686
State Oil of the Azerbaijan Republic MTN
4.750%, 03/13/2023		360		346
TOTAL MTN
2.625%, 12/29/2049 (A)		EUR800		903
Trinidad Drilling
6.625%, 02/15/2025 (B)	$	200		190
Weatherford International
6.500%, 08/01/2036		150		128
Western Gas Partners
4.000%, 07/01/2022		200		205
Whiting Petroleum
5.750%, 03/15/2021		200		188
5.000%, 03/15/2019		425		422
Williams Partners
3.600%, 03/15/2022		1,700		1,737



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
YPF
8.875%, 12/19/2018	$	130	$	139

				34,894


Financials – 7.3%
Abe Investment Holdings (B)
10.500%, 10/16/2020		1,000		1,020
7.000%, 10/15/2020		1,550		1,172
Allied Irish Banks MTN
4.125%, 11/26/2025 (A)	EUR	600		728
American Equity Investment Life Holding
5.000%, 06/15/2027	$	2,300		2,368
ASP AMC Merger Sub
8.000%, 05/15/2025 (B)		1,000		948
AXA (A)
6.463%, 12/14/2018 (B)		100		103
6.463%, 12/29/2049		500		514
Banco Bilbao Vizcaya Argentaria
7.000%, 05/19/2166 (A)	EUR	600		701
Banco de Bogota
6.250%, 05/12/2026 (B)	$	780		831
Banco Mercantil del Norte
7.625%, 10/06/2165 (A)(B)		340		352
Banco Regional SAECA
8.125%, 01/24/2019		290		308
Banco Santander
4.250%, 04/11/2027		800		830
Bank of America (A)
6.500%, 12/31/2049		1,233		1,371
6.300%, 12/29/2049		1,467		1,645
6.250%, 09/29/2049		150		163
6.100%, 12/29/2049		3,425		3,721
Bank of America MTN
4.000%, 04/01/2024		650		681
3.824%, 01/20/2028 (A)		900		916
Bank of New York Mellon
4.625%, 12/29/2049 (A)		1,550		1,563
Barclays
7.875%, 12/29/2049 (A)		900		968
4.836%, 05/09/2028		650		665
BNP Paribas MTN
4.375%, 05/12/2026 (B)		575		596
China Evergrande Group
8.250%, 03/23/2022		400		409
CIC Receivables Master Trust
4.890%, 10/07/2021 (C)		2,345		2,414
Citigroup (A)
6.250%, 12/29/2049		3,645		4,044
5.950%, 12/29/2049		1,820		1,928
5.950%, 12/31/2049		350		375
5.900%, 12/29/2049		675		722



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Citizens Financial Group
5.500%, 12/29/2049 (A)	$	500	$	522
CoBank ACB
6.250%, 12/29/2049 (A)		250		274
Credit Agricole MTN
4.125%, 01/10/2027 (B)		500		523
Credit Suisse Group (B)
6.250%, 12/29/2049 (A)		200		212
4.282%, 01/09/2028		1,000		1,034
Deutsche Bank
4.500%, 04/01/2025		600		597
Deutsche Bank MTN
4.296%, 05/24/2028 (A)		600		592
Eastern and Southern African Trade and Development Bank MTN
5.375%, 03/14/2022		210		214
Encore Capital Group
5.625%, 08/11/2024 (C)		3,400		3,400
Goldman Sachs Group
5.300%, 12/29/2049 (A)		2,850		2,992
Greystar Real Estate Partners
8.250%, 12/01/2022 (B)		625		673
International Lease Finance
7.125%, 09/01/2018 (B)		500		529
Intesa Sanpaolo MTN
5.017%, 06/26/2024 (B)		775		786
Itau CorpBanca
3.875%, 09/22/2019		250		258
JPMorgan Chase (A)
6.100%, 10/29/2049		2,150		2,333
6.000%, 12/29/2049		1,400		1,508
5.300%, 12/29/2049		800		833
5.000%, 12/29/2049		900		920
KeyCorp
5.000%, 12/29/2049 (A)		950		968
Morgan Stanley
5.519%, 12/29/2049 (A)		1,050		1,097
3.625%, 01/20/2027		900		906
Morgan Stanley MTN
3.950%, 04/23/2027		600		605
3.700%, 10/23/2024		900		924
Navient MTN
5.500%, 01/15/2019		600		625
NewStar Financial
7.250%, 05/01/2020		200		205
Royal Bank of Scotland Group
7.640%, 09/29/2017 (A)		700		672
RSA Insurance Group
5.125%, 10/10/2045 (A)	GBP	500		727
Sberbank of Russia Via SB Capital
5.500%, 02/26/2024 (A)	$	200		203



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
UBS Group
6.875%, 12/29/2049 (A)	$	400	$	432
UniCredit (A)
8.000%, 04/03/2049		1,050		1,078
5.861%, 06/19/2032 (B)		600		616
UniCredit MTN
3.750%, 04/12/2022 (B)		500		512
US Bancorp
5.300%, 12/29/2049 (A)		450		479
Voya Financial
5.650%, 05/15/2053 (A)		1,150		1,222
Wells Fargo (A)
5.900%, 12/29/2049		2,300		2,463
5.875%, 12/31/2049		2,725		3,003

				66,993


Health Care – 1.4%
Actavis Funding SCS
3.800%, 03/15/2025		1,325		1,371
Becton Dickinson
3.363%, 06/06/2024		1,300		1,303
2.894%, 06/06/2022		1,300		1,304
CHS
8.000%, 11/15/2019		400		402
Endo Finance
6.000%, 02/01/2025 (B)		400		326
Fresenius Medical Care US Finance II
4.750%, 10/15/2024 (B)		200		210
HCA
5.000%, 03/15/2024		1,175		1,244
Mylan
3.950%, 06/15/2026		1,200		1,216
Tenet Healthcare
4.746%, 06/15/2020 (A)		725		732
THC Escrow III
5.125%, 05/01/2025 (B)		800		803
UnitedHealth Group
4.750%, 07/15/2045		200		230
Valeant Pharmaceuticals International (B)
7.000%, 03/15/2024		600		631
5.375%, 03/15/2020		2,950		2,850

				12,622


Industrials – 0.4%
AerCap Ireland Capital
4.625%, 07/01/2022		1,400		1,501
Aeropuertos Dominicanos Siglo XXI
6.750%, 03/30/2029 (B)		350		379
Princess Juliana International Airport Operating
5.500%, 12/20/2027 (B)(C)		878		872



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
StandardAero Aviation Holdings
10.000%, 07/15/2023 (B)	$	540	$	598

				3,350


Information Technology – 1.1%
Apple
4.650%, 02/23/2046		25		28
3.850%, 05/04/2043		400		400
Broadcom (B)
3.875%, 01/15/2027		1,000		1,027
3.625%, 01/15/2024		900		920
CURO Financial Technologies
12.000%, 03/01/2022 (B)		1,100		1,155
Diamond 1 Finance
5.450%, 06/15/2023 (B)		900		977
Fidelity National Information Services
5.000%, 10/15/2025		300		335
First Data (B)
5.750%, 01/15/2024		600		623
5.000%, 01/15/2024		150		154
Hewlett Packard Enterprise
4.900%, 10/15/2025		600		629
IHS Netherlands Holdco BV
9.500%, 10/27/2021 (B)		530		540
Micron Technology
7.500%, 09/15/2023		1,475		1,649
Nokia
3.375%, 06/12/2022		150		151
Qorvo
6.750%, 12/01/2023		250		274
QUALCOMM
2.900%, 05/20/2024		600		599
Symantec
5.000%, 04/15/2025 (B)		250		262

				9,723


Materials – 1.0%
Axalta Coating Systems Dutch Holding B BV
3.750%, 01/15/2025	EUR	550		659
BHP Billiton Finance USA
6.750%, 10/19/2075 (A)(B)	$	1,900		2,171
Brazil Minas SPE via State of Minas Gerais
5.333%, 02/15/2028		800		778
Crown European Holdings
3.375%, 05/15/2025	EUR	200		236
Glencore Funding (B)
4.000%, 04/16/2025	$	300		300
4.000%, 03/27/2027		525		516
Metinvest BV
9.373%, 12/31/2021		140		127
Mirabela Nickel
1.000%, 07/31/2044		3		–



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Severstal OAO Via Steel Capital
6.700%, 10/25/2017	$	200	$	203
Sherwin-Williams
3.450%, 06/01/2027		1,375		1,384
Sociedad Quimica y Minera de Chile
4.375%, 01/28/2025		220		224
WR Grace & Co.
5.125%, 10/01/2021 (B)		300		322
Yamana
4.950%, 07/15/2024		1,900		1,920

				8,840


Real Estate – 0.1%
American Tower
3.300%, 02/15/2021		350		359
DuPont Fabros Technology
5.875%, 09/15/2021		250		260
5.625%, 06/15/2023		200		214
Iron Mountain Europe
6.125%, 09/15/2022	GBP	150		206
VEREIT Operating Partnership
4.875%, 06/01/2026	$	400		423

				1,462


Telecommunication Services – 1.7%
AT&T
4.250%, 03/01/2027		900		930
Comcel Trust via Comunicaciones Celulares
6.875%, 02/06/2024		200		213
Digicel
6.000%, 04/15/2021		400		383
Digicel Group
6.750%, 03/01/2023 (B)		320		301
GTH Finance BV
7.250%, 04/26/2023		220		243
Intelsat Jackson Holdings
9.750%, 07/15/2025 (B)		650		649
7.250%, 04/01/2019		875		875
7.250%, 10/15/2020		1,420		1,342
5.500%, 08/01/2023		850		704
Intelsat Luxembourg
8.125%, 06/01/2023		50		26
Mauritius Investment
6.500%, 10/13/2026 (B)		320		335
Sprint
7.875%, 09/15/2023		950		1,092
7.625%, 02/15/2025		500		576
7.125%, 06/15/2024		300		334
Sprint Communications
11.500%, 11/15/2021		650		832
7.000%, 03/01/2020 (B)		600		659
7.000%, 08/15/2020		500		550



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Telecom Italia
5.303%, 05/30/2024 (B)	$	750	$	804
Telefonica Emisiones SAU
4.103%, 03/08/2027		900		930
Telefonica Europe BV
5.875%, 03/31/2049 (A)	EUR	100		131
Verizon Communications
5.150%, 09/15/2023	$	525		583
4.862%, 08/21/2046		275		275
Wind Acquisition Finance
7.375%, 04/23/2021		654		680
4.750%, 07/15/2020 (B)		450		455
Windstream Services
7.750%, 10/15/2020		675		680
7.750%, 10/01/2021		650		611

				15,193


Utilities – 0.5%
Dynegy
6.750%, 11/01/2019		650		670
Electricite de France MTN
4.125%, 01/29/2049 (A)	EUR	800		962
Enel (A)
8.750%, 09/24/2073 (B)	$	200		238
7.750%, 09/10/2075	GBP	200		295
Ferrellgas Partners
6.750%, 06/15/2023	$	1,100		1,026
6.500%, 05/01/2021		1,000		945
Greenko Investment
4.875%, 08/16/2023 (B)		410		399

				4,535


Total Corporate Obligations (Cost $177,982) ($ Thousands)				182,861


LOAN PARTICIPATIONS – 11.7%
AABS, Bridge Term Loan
4.875%, 01/15/2038		562		562
ABB/Con-Cise Optical Group LLC, Initial Term Loan, 1st Lien
6.246%, 06/15/2023		609		609
6.223%, 06/15/2023		79		79
ABG Intermediate Holdings 2 LLC, Term B-1 Loan, 1st Lien
5.147%, 05/27/2021 (F)		851		854
Acosta, (fka Acosta Holdco), Dollar Revolving Credit Loan, 1st Lien
4.367%, 09/26/2019		578		492
Acosta, (fka Acosta Holdco), Multicurrency Revolving Credit Loan, 1st Lien
0.000%, 09/26/2019 (F)		89		76



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Acrisure, LLC, Term B Loan, 1st Lien
6.147%, 11/22/2023	$	27	$	28
5.897%, 11/22/2023 (F)		673		678
Advanced Integration Technology LP, Term B-1 Loan, 1st Lien
6.545%, 04/03/2023		425		426
Advantage Sales & Marketing, Revolving Loan, 1st Lien
3.784%, 07/25/2019		38		35
3.781%, 07/25/2019		163		150
Affordable Care Holding, Term B Loan, 2nd Lien
5.795%, 10/24/2022		990		990
AI Mistral Holdco Limited, Initial Term Loan, 1st Lien
4.176%, 01/17/2024		220		219
Air Newco LLC, Initial Term Loan, 2nd Lien
10.672%, 01/31/2023		750		684
American Renal Associates, Term Loan, 1st Lien
0.000%, 06/14/2024 (F)		950		947
American Seafoods Group LLC, Term Loan, 1st Lien
8.000%, 08/19/2021		9		10
6.040%, 08/19/2021		912		913
American Tire Distributors, Initial Term Loan, 1st Lien
5.295%, 09/01/2021		313		315
Anaren, Term Loan, 2nd Lien
9.397%, 08/18/2021		500		492
5.647%, 02/18/2021		468		469
Arctic Long Carriers, Term Loan, 1st Lien
5.578%, 05/18/2023		330		329
Ashland, Cov-Lite, 1st Lien
3.242%, 05/24/2024		300		301
3.139%, 05/17/2024		150		150
ASP Chromaflo Intermediate Holdings, Initial Tranche B-1 Term Loan, 1st Lien
5.045%, 11/20/2023		173		174
ASP Chromaflo Intermediate Holdings, Initial Tranche B-2 Term Loan, 1st Lien
5.045%, 11/20/2023		226		226
Aspect Software, Term Loan, 1st Lien
11.216%, 05/25/2020		514		508
Asurion, LLC (fka Asurion Corporation), Term Loan, 2nd Lien
8.545%, 03/03/2021		3,000		3,011
Atlas, Term Loan, 1st Lien
4.875%, 12/15/2039		1,100		1,102
Avolon TLB Borrower 1 (US) LLC, Initial Term B-2 Loan, 1st Lien
3.962%, 03/21/2022		700		704



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Axalta Coating Systems, Term Loan, 1st Lien
3.039%, 06/21/2024	$	675	$	677
Belk, Closing Date Term Loan, 1st Lien
5.905%, 12/12/2022		125		106
Bioplan USA, (Tripolis US LLC), Initial Term Loan, 1st Lien
5.795%, 09/23/2021		463		460
BJ's Wholesale Club, Initial Term Loan, 1st Lien
8.500%, 02/03/2025		875		845
BJ's Wholesale Club, Tranche B Term Loan
4.968%, 02/03/2024		1,925		1,863
C.H.I. Overhead Doors, Initial Term Loan, 1st Lien
4.295%, 07/29/2022		300		298
Carecore National, LLC, Term Loan, 1st Lien
5.045%, 03/05/2021		1,639		1,656
Cengage Learning, 2016 Refinancing Term Loan, 2nd Lien
5.339%, 06/07/2023		3,131		2,952
Ceridian HCM Holding, Initial Term Loan, 1st Lien
4.647%, 09/15/2020		3		3
4.544%, 09/15/2020		338		335
Checkout Holding, Term B Loan, 1st Lien
4.545%, 04/09/2021		997		829
Chobani, LLC (Chobani Idaho, LLC), Closing Date Term Loan
5.295%, 10/10/2023		933		938
CHS/Community Health Systems, Incremental 2021 Term H Loan, 1st Lien
4.202%, 01/27/2021		1		1
Clark Equipment, Tranche B Term Loan, 1st Lien
3.929%, 05/18/2024		325		326
CompuCom Systems, Term Loan, 1st Lien
4.300%, 05/09/2020		900		706
Consolidated Container Company LLC, Initial Term Loan, 1st Lien
4.545%, 05/10/2024		1,225		1,230
CPG International LLC (fka CPG International), New Term Loan, 1st Lien
0.000%, 05/05/2024 (F)		300		301
CPI Acquisition, Term Loan, 1st Lien
5.834%, 08/17/2022		249		212
Crosby US Acquisition Corp., Initial Term Loan, 1st Lien
4.172%, 11/23/2020		1,325		1,199
CTI Foods Holding Co., LLC, Term Loan, 1st Lien
8.400%, 06/28/2021		350		294
5.834%, 06/29/2020		663		624
CVS Holdings I LP, Term Loan B1, 1st Lien
7.397%, 08/16/2021 (C)		493		493



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Cyan Blue Holdco 2 Limited, Initial Term Loan
4.587%, 02/25/2022	$	650	$	854
DAE Aviation Holdings, Initial Term Loan, 1st Lien
4.790%, 07/07/2022		1,268		1,276
Diversitech Holdings, Term Loan, 1st Lien
4.702%, 06/01/2024		250		250
DJO Finance LLC, Initial Term Loan, 1st Lien
4.301%, 06/08/2020		224		222
4.295%, 06/08/2020		215		212
Doncasters US Finance LLC (Doncasters US LLC), Second-Lien Term Loans, 1st Lien
9.500%, 10/09/2020		84		81
Dynegy, Tranche C-1 Term Loan, 1st Lien
4.476%, 02/07/2024		200		200
EagleClaw Midstream Services, Term Loan, 1st Lien
5.466%, 06/07/2024 (F)		900		889
EIG Investors Corp., Incremental Term Loan, 1st Lien
6.001%, 02/09/2023		945		947
EIG Investors Corp., Term Loan, 1st Lien
6.680%, 11/09/2019		489		490
EnergySolutions, LLC (aka Envirocare of Utah, LLC), Term Advance, 2nd Lien
6.750%, 05/29/2020		2,306		2,317
Epicor Software Corporation (fka Eagle Parent), Term B Loan, 1st Lien
4.980%, 06/01/2022		2,948		2,947
Exgen Texas Power, LLC, Term Loan, 1st Lien
5.897%, 09/18/2021		300		179
Eyemart Express LLC, Term Loan, 2nd Lien
5.188%, 12/18/2021		883		892
Fitness International, LLC, Term B Loan, 2nd Lien
5.397%, 07/01/2020		673		682
Fortress Investment Group LLC, Term Loan, 1st Lien
0.000%, 06/10/2022 (F)		275		277
FTS International (fka Frac Tech International, LLC), Initial Term Loan, 1st Lien
5.976%, 04/16/2021		475		379
Gates Global LLC, Initial B-1 Dollar Term Loan, 1st Lien
5.045%, 04/01/2024		1,859		1,858
Getty Images, Initial Term Loan,
4.750%, 10/18/2019		2,523		2,320
Globallogic Holdings, Closing Date Term Loan,
1st Lien
5.652%, 06/20/2022		240		241
GOBP Holdings, Initial Term Loan, 1st Lien
5.000%, 10/21/2021		990		974



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Greenway Health, LLC (fka Vitera Healthcare Solutions, LLC), Term Loan,
5.820%, 02/16/2024 (F)	$	2,151	$	2,156
Hardware Holdings LLC, Cov-Lite, Term Loan, 1st Lien
7.647%, 03/30/2020 (C)(G)		863		845
Hi-Crush Partners, LP, Advance, 1st Lien
4.897%, 04/28/2021		592		571
Hoffmaster Group, Initial Term Loan, 1st Lien
5.545%, 11/21/2023		250		252
Hummel Station LLC, Construction Term B Advance, 1st Lien
7.045%, 10/27/2022		85		78
Hummel Station LLC, Delayed Draw Term Loan B, 1st Lien
7.045%, 10/27/2022		210		193
IHC Holding, Term Loan, 1st Lien
8.039%, 04/30/2021 (C)		1,231		1,219
iHeartCommunications, (fka Clear Channel Communications), Tranche E Term Loan, 1st Lien
8.545%, 07/30/2019		100		81
iHeartCommunications, (fka Clear Channel Communications, Inc.), Tranche D Term Loan, 1st Lien
7.795%, 01/30/2019		300		244
IHeartCommunications, (fka Clear Clear Channel Communciations, Inc.) Term Loan, 1st Lien
6.050%, 06/21/2022		200		199
Immucor, Term Loan, 1st Lien
0.000%, 06/25/2021 (F)		450		453
Implus Footcare, Term Loan, 1st Lien
7.909%, 04/30/2021 (C)		239		238
Infor U.S., Term Loan B1, 1st Lien
3.750%, 02/01/2022		1,000		1,148
Insight Fourth Hospitality, Term Loan, 1st Lien
7.250%, 07/15/2021 (C)		1,000		1,284
Intelsat Jackson Holdings SA, Tranche B-2 Term Loan
4.000%, 06/30/2019 (A)		1,275		1,263
Intrawest ULC, Cov-Lite, Term Loan, 1st Lien
0.375%, 12/10/2018 (I)		200		–
Intrawest ULC, Term Loan, 1st Lien
0.000%, 06/28/2024 (F)		1,057		1,059
Invenergy Thermal Opearting I LLC, Term Loan, 1st Lien
6.647%, 10/19/2022		1,446		1,377
iStar Term Loan
4.836%, 07/01/2020		–		–



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Ivanti Software (fka LANDesk Group), Term Loan, 1st Lien
5.480%, 01/20/2024	$	595	$	591
J. Crew Group, Initial Loan, 1st Lien
4.159%, 03/05/2021		466		276
4.147%, 03/05/2021		2,887		1,709
4.045%, 03/05/2021		371		220
Jazz Acquisition, Revolving Loan, 1st Lien
4.722%, 06/19/2019		48		46
4.024%, 06/19/2019		187		175
Kronos Incorporated, Incremental Term Loan, 1st Lien
5.170%, 11/01/2023		398		400
5.037%, 11/01/2023		1		1
Lanyon Solutions, (fka Active Network), Additional Term B Loan, 1st Lien
6.045%, 11/13/2020		350		353
Learning Care Group (US) No. 2, Term Loan
5.060%, 05/05/2021		1,055		1,055
5.060%, 05/05/2021		352		351
5.045%, 05/05/2021		29		29
Liberty Cablevision Term Loan
4.658%, 12/24/2021		425		420
Lineage Logistics, LLC, Term Loan
4.545%, 04/07/2021		2,115		2,113
Lonestar Intermediate Super Holdings LLC, Term Loan, 1st Lien
10.045%, 08/31/2021		650		668
Market Track, Cov-Lite, 1st Lien
5.326%, 05/18/2024		300		299
Mavis Tire Supply LLC, Term Loan
6.295%, 11/02/2020 (C)(G)		1,478		1,464
McGraw-Hill Global Education Holdings, LLC, Term B Loan, 1st Lien
5.045%, 05/04/2022		1,049		1,030
Men's Wearhouse, Tranche B Term Loan, 1st Lien
4.688%, 06/18/2021		500		478
Mergermarket USA, 2014 Incremental Term Loan, 1st Lien
4.647%, 02/04/2021		32		32
4.545%, 02/04/2021		698		697
Misys, Cov-Lite, Term Loan B, 1st Lien
4.736%, 04/26/2024		2,200		2,199
MRP Generation Holdings, LLC, Term Loan, 1st Lien
8.147%, 10/18/2022		499		464
Murray Energy, Cov-Lite, Term Loan B2, 1st Lien
8.397%, 04/16/2020		1,275		1,243
NaNa Development Corporation, Loan, 1st Lien
8.030%, 03/15/2018 (C)		69		68



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Navistar, Inc., Tranche B Term Loan, 1st Lien
5.090%, 08/07/2020	$	988	$	998
Neiman Marcus Group, Other Term Loan, 1st Lien
4.339%, 10/25/2020		2,469		1,846
NEP Group, Term Loan, 1st Lien
0.000%, 07/21/2022 (F)		375		375
NEP/NCP Holdco, Amendment No. 4 Incremental Term Loan, 1st Lien
4.250%, 01/22/2020		1,212		1,212
NEP/NCP Holdco, Term Loan, 1st Lien
10.000%, 07/22/2020		575		576
NES Global Talent Finance US LLC, Term Loan, 1st Lien
6.672%, 10/03/2019		928		835
NVA Holdings, Cov-Lite, 1st Lien
4.647%, 08/14/2021		2		2
NVA Holdings, Revolving Loan, 1st Lien
3.500%, 08/14/2021		115		1
Oberthur Technologies Holding, (fka OT Frenchco 1 SAS), Facility B1 (USD), 1st Lien
5.046%, 01/10/2024		153		154
Oberthur Technologies Holding, (fka OT Frenchco 1 SAS), Facility B2 (USD), 1st Lien
3.750%, 01/10/2024		247		249
Opal Acquisition, Cov-Lite, Term Loan, 1st Lien
5.000%, 11/27/2020		343		317
Opal Acquisition, Term B Loan, 1st Lien
5.147%, 11/27/2020		511		473
Optiv, Initial Term Loan, 1st Lien
4.438%, 02/01/2024		587		575
Palermo Finance, Term Loan, 1st Lien
0.000%, 04/30/2019 (C)(F)		550		545
Panda Temple Power II, LLC, Construction Term Loan Advance, 1st Lien
7.250%, 04/03/2019		347		308
Pelican Products, Term Loan, 1st Lien
5.397%, 04/10/2020		250		250
PetSmart, Term Loan B2, 1st Lien
4.010%, 03/11/2022		1,700		1,579
Planview, Term Loan, 1st Lien
6.295%, 01/18/2023 (C)		700		690
Pregis, Cov-Lite, 1st Lien
4.647%, 05/20/2021		300		300
Project Ruby Ultimate Parent Corp., Closing Date Term Loan, 1st Lien
4.795%, 02/09/2024		500		500
Prowler Acquisition Corp., Term Loan, 1st Lien
5.647%, 01/28/2020		266		226
Reddy Ice Corporation, Term B Loan, 1st Lien
8.750%, 05/01/2019		1		1
6.750%, 05/01/2019		336		332



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Reddy Ice Corporation, Term B Loan, 2nd Lien
10.750%, 11/01/2019	$	225	$	212
Rise, Term Loan A
4.750%, 02/12/2039		2,150		2,161
Ryan, LLC, Tranche B Term Loan, 1st Lien
6.795%, 08/07/2020		140		139
Sears Roebuck Acceptance Corp. (Kmart Corporation), Term Loan (2015), 1st Lien
5.544%, 06/30/2018		759		747
Severin Aquisition, Term Loan, 1st Lien
5.750%, 07/30/2021		1,000		1,029
Shearer's Foods, LLC, 2015 Incremental Term Loan, 1st Lien
5.397%, 06/30/2021		149		149
Shearer's Foods, LLC, Term Loan, 1st Lien
7.897%, 06/30/2022		225		217
Shearer's Foods, LLC, Term Loan, 2nd Lien
4.938%, 06/30/2021		745		743
Sparta Systems, Term Loan, 1st Lien
6.647%, 07/28/2020 (C)		669		665
Spring Industries, Term Loan, 1st Lien
7.709%, 06/01/2021 (C)		597		597
Sprint Communications, Initial Term Loan, 1st Lien
3.750%, 02/02/2024		1,496		1,496
SRS Distribution Inc., Term B-4 Loan, 1st Lien
5.295%, 08/25/2022		6		6
Stratose Loan, 1st Lien
4.546%, 06/22/2023		200		201
Surgery Center Holdings, Term Loan, 1st Lien
0.000%, 06/20/2024 (F)		300		301
Thermasys Corporation, Term Loan, 1st Lien
7.000%, 05/03/2019		2		2
5.250%, 05/03/2019		342		303
TIBCO Software Inc., Term B Loan, 1st Lien
5.555%, 12/04/2020 (G)		1,965		1,972
Travelport Finance (Luxembourg) SARL, Term B Loan
4.432%, 09/02/2021		7		7
Truck Hero, Initial Term Loan, 1st Lien
5.156%, 05/16/2024		400		397
US Renal Care, Initial Term Loan, 1st Lien
5.546%, 12/30/2022		1,635		1,578
USIC Holdings, Term Loan, 1st Lien
4.923%, 12/08/2023		320		320
Vencore, Inc. (fka SI Organization), Initial Term Loan, 1st Lien
5.897%, 11/23/2019		802		805
Viva Alamo LLC, Initial Term Loan, 1st Lien
5.452%, 02/22/2021		597		472

Total Loan Participations Cost $107,762) ($ Thousands)				106,272



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)

MORTGAGE-BACKED SECURITIES – 11.1%

Agency Mortgage-Backed Obligations – 0.6%
FNMA CMO, Ser 2012-115, Cl DS, IO
4.884%, 10/25/2042 (A)	$	1,033	$	197
FNMA CMO, Ser 2013-130, Cl SN, IO
5.434%, 10/25/2042 (A)		3,847		727
FNMA CMO, Ser 2015-30, Cl SJ, IO
4.384%, 05/25/2045 (A)		1,323		208
FNMA CMO, Ser 2016-69, Cl BS, IO
4.884%, 10/25/2046 (A)		1,962		281
FNMA CMO, Ser 2016-70, Cl DS, IO
4.884%, 10/25/2046 (A)		3,600		566
GNMA CMO, Ser 2010-9, Cl XD, IO
5.608%, 01/16/2040 (A)		4,419		793
GNMA CMO, Ser 2011-51, Cl DS, IO
5.438%, 04/20/2041 (A)		674		123
GNMA CMO, Ser 2013-124, Cl CS, IO
4.838%, 08/20/2043 (A)		450		75
GNMA CMO, Ser 2014-117, Cl SJ, IO
4.388%, 08/20/2044 (A)		1,287		193
GNMA CMO, Ser 2014-158, Cl SA, IO
4.428%, 10/16/2044 (A)		588		90
GNMA CMO, Ser 2015-110, Cl MS, IO
4.700%, 08/20/2045 (A)		768		113
GNMA CMO, Ser 2015-111, Cl IM, IO
4.000%, 08/20/2045		5,662		963
GNMA CMO, Ser 2015-57, Cl AS, IO
4.590%, 04/20/2045 (A)		5,283		772
GNMA CMO, Ser 2016-27, Cl 1A, IO
4.000%, 06/20/2045		2,118		306

				5,407


Non-Agency Mortgage-Backed Obligations – 10.1%
Alliance Bancorp Trust, Ser 2007-OA1, Cl A1
1.264%, 07/25/2037 (A)		1,051		879
American Home Mortgage Assets Trust, Ser 2007-1, Cl A1
1.432%, 02/25/2047 (A)		4,526		2,939
American Home Mortgage Investment Trust, Ser 2006-1, Cl 12A1
1.424%, 03/25/2046 (A)		1,466		1,270
BCAP Trust, Ser 2006-AA2, Cl A1
1.194%, 01/25/2037 (A)		798		700
BCAP Trust, Ser 2007-AA2, Cl 2A7
6.000%, 04/25/2037		987		861
Brad Restructuring Trust, Ser 2014-1, Cl B
5.438%, 03/12/2026		819		827
Capmark Military Housing Trust, Ser 2007- AET2, Cl A
6.063%, 10/10/2052 (B)		970		1,032



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
CDGJ Commercial Mortgage Trust, Ser 2014- BXCH, Cl EPA
5.239%, 12/15/2027 (A)(B)	$	3,557	$	3,570
Chase Mortgage Finance Trust, Ser 2007-S5, Cl 1A3
6.000%, 07/25/2037		1,515		1,378
CIM Trust, Ser 2017-2, Cl A1
2.995%, 12/25/2057 (A)(B)		4,062		4,060
Cold Storage Trust, Ser 2017-ICE3, Cl D
3.094%, 04/15/2024 (A)(B)		2,100		2,104
Cosmopolitan Hotel Trust, Ser 2016-CSMO, Cl E
5.809%, 11/15/2033 (A)(B)		4,200		4,267
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2015-DN1, Cl M3
5.174%, 01/25/2025 (A)		450		488
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2015-HQA2, Cl M3
5.824%, 05/25/2028 (A)		610		703
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2016-DNA3, Cl M3
6.216%, 12/25/2028 (A)		250		286
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2016-DNA4, Cl M3
5.016%, 03/25/2029 (A)		300		324
FirstKey Master Funding, Ser 2017-R1, Cl M4
1.203%, 11/03/2041 (A)(B)		1,750		1,574
FirstKey Master Funding, Ser 2017-R1, Cl A6
1.203%, 11/03/2041 (A)(B)		2,100		2,040
FNMA Connecticut Avenue Securities, Ser 2016-C04, Cl 1M2
5.466%, 01/25/2029 (A)		180		198
GAHR Commercial Mortgage Trust, Ser 2015- NRF, Cl GFX
3.382%, 12/15/2019 (A)(B)		2,250		2,164
GE Business Loan Trust, Ser 2007-1, Cl C
1.439%, 04/16/2035 (A)(B)		990		907
GreenPoint Mortgage Funding Trust, Ser 2006- AR1, Cl A1A
1.314%, 02/25/2036 (A)		1,519		1,444
GreenPoint MTA Trust, Ser 2005-AR1, Cl A2
1.656%, 06/25/2045 (A)		629		568
GS Mortgage Securities Trust, Ser 2014-GSFL, Cl D
5.059%, 07/15/2031 (A)(B)		1,300		1,309
Lehman XS Trust, Ser 2006-10N, Cl 1A3A
1.234%, 07/25/2046 (A)		1,036		936
Lehman XS Trust, Ser 2006-16N, Cl A4A
1.214%, 11/25/2046 (A)		2,921		2,645
LSTAR Securities Investment Trust, Ser 2016-3, Cl A
3.051%, 09/01/2021 (A)(B)		1,153		1,155



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
LSTAR Securities Investment Trust, Ser 2016-4, Cl A1
2.995%, 10/01/2018 (A)(B)	$	2,621	$	2,609
LSTAR Securities Investment Trust, Ser 2016-5, Cl A1
2.983%, 11/01/2018 (A)(B)		1,366		1,360
LSTAR Securities Investment Trust, Ser 2016-7, Cl A1
2.995%, 12/01/2018 (A)(B)		5,607		5,584
LSTAR Securities Investment Trust, Ser 2017-1, Cl A
3.051%, 01/01/2019 (A)(B)		1,827		1,820
LSTAR Securities Investment, Ser 2017-3, Cl A1
3.051%, 04/01/2022 (A)(B)		3,780		3,820
LSTAR Securities, Ser 2020-1
3.596%, 04/01/2020		4,480		4,442
Luminent Mortgage Trust, Ser 2006-2, Cl A1A
1.416%, 02/25/2046 (A)		3,918		3,014
Morgan Stanley Re-REMIC Trust, Ser 2010-R5, Cl 4B
1.999%, 06/26/2036 (B)		714		616
Mortgage Repurchase Agreement Financing Trust, Ser 2017-1, Cl A1
1.967%, 07/10/2019 (A)(B)		2,000		2,001
Mortgage Repurchase Agreement Financing Trust, Ser 2016-1, Cl A
2.017%, 04/10/2019 (A)(B)		700		700
Mortgage Repurchase Agreement Financing Trust, Ser 2016-2, Cl A
2.294%, 03/10/2019 (A)(B)		1,150		1,150
Mortgage Repurchase Agreement Financing Trust, Ser 2017-1, Cl A2
2.067%, 04/10/2019 (A)(B)		950		950
Motel 6 Trust, Ser 2015-MTL6, Cl E
5.279%, 02/05/2030 (B)		3,800		3,813
Nelnet Student Loan Trust, Ser 2006-1, Cl A6
1.636%, 08/23/2036		1,250		1,201
Nomura Resecuritization Trust, Ser 2012-1R, Cl A
1.484%, 08/27/2047 (A)(B)		801		796
Nomura Resecuritization Trust, Ser 2015-4R, Cl 5A1
1.926%, 03/26/2036 (A)(B)		896		857
PFP III, Ser 2017-3, Cl C
3.489%, 01/14/2035 (A)(B)		1,000		1,005
RALI Series Trust, Ser 2006-QO2, Cl A2
1.486%, 02/25/2046 (A)		1,835		857
RALI Series Trust, Ser 2006-QO3, Cl A1
1.234%, 04/25/2046 (A)		1,992		1,034
RALI Series Trust, Ser 2006-QO8, Cl 1A3A
1.416%, 10/25/2046 (A)		1,385		1,223



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
RALI Series Trust, Ser 2007-QO2, Cl A1
1.174%, 02/25/2047 (A)	$	1,423	$	864
Resource Capital, Ser 2015-CRE3, Cl D
5.001%, 03/15/2032 (A)(B)		1,000		1,005
Resource Capital, Ser 2015-CRE4, Cl B
4.001%, 08/15/2032 (A)(B)		1,000		997
Resource Capital, Ser 2017-CRE5, Cl B
3.089%, 07/15/2034 (A)(B)		1,000		1,002
SRERS Funding, Ser 2011-RS, Cl A1B1
1.243%, 05/09/2046 (A)(B)		262		262
SRERS Funding, Ser 2011-RS, Cl A1B2
1.244%, 05/09/2046 (A)(B)		2,000		1,261
Station Place Securitization Trust, Ser 2015-2, Cl A
2.189%, 05/15/2018 (A)(B)		650		650
Structured Adjustable Rate Mortgage Loan Trust, Ser 2005-19XS, Cl 2A1
1.324%, 10/25/2035 (A)		1,045		1,026
Washington Mutual Mortgage Pass-Through Certificates, Ser 2006-AR9, Cl 2A
1.531%, 11/25/2046 (A)		6,456		5,294
Wells Fargo Mortgage-Backed Securities Trust, Ser 2005-AR12, Cl 2A5
3.144%, 06/25/2035 (A)		447		451

				92,292


Other Asset-Backed Securities – 0.4%
Stanwich Mortgage Loan, Ser 2017-NPA1, Cl A1
3.598%, 03/16/2022 (B)		3,937		3,937

Total Mortgage-Backed Securities (Cost $99,604) ($ Thousands)				101,636


	Shares
COMMON STOCK – 10.3%

Consumer Discretionary – 1.3%
Advance Auto Parts		344		40
Amazon.com, Cl A *		1,763		1,707
Autonation *		311		13
Autozone *		120		68
Bed Bath & Beyond		599		18
Best Buy		1,204		69
BorgWarner		943		40
CarMax *		849		54
Carnival		1,880		123
CBS, Cl B		1,678		107
Cengage Learning Holdings II		5,114		45
Charter Communications, Cl A *		965		325
Chipotle Mexican Grill, Cl A *		131		55
Coach		1,226		58
Comcast, Cl A		21,071		820



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Darden Restaurants		571	$	52
Delphi Automotive		1,208		106
Discovery Communications, Cl A *		684		18
Discovery Communications, Cl C *		870		22
DISH Network, Cl A *		1,027		64
Dollar General		1,081		78
Dollar Tree *		1,079		75
DR Horton		1,500		52
Expedia		552		82
Foot Locker, Cl A		525		26
Ford Motor		17,168		192
Gap		850		19
Garmin		447		23
General Motors		6,021		210
Genuine Parts		629		58
Goodyear Tire & Rubber		1,197		42
H&R Block		850		26
Hanesbrands		1,736		40
Harley-Davidson, Cl A		819		44
Hasbro		492		55
Hilton Worldwide Holdings		954		59
Home Depot		5,323		817
Interpublic Group		1,830		45
Johnson Controls International		4,124		179
Kohl's		697		27
L Brands		1,018		55
Leggett & Platt		640		34
Lennar, Cl A		954		51
LKQ *		1,417		47
Lowe's		3,843		298
Macy's		1,471		34
Marriott International, Cl A		1,380		138
Mattel		1,637		35
McDonald's		3,597		551
Michael Kors Holdings *		713		26
Mohawk Industries *		276		67
NetFlix *		1,931		289
Newell Brands, Cl B		2,142		115
News, Cl A		1,477		20
News, Cl B		450		6
Nike, Cl B		5,932		350
Nordstrom		451		22
Omnicom Group		1,055		87
O'Reilly Automotive *		417		91
Priceline Group *		217		406
PulteGroup		1,200		29
PVH		367		42
Ralph Lauren, Cl A		219		16
Ross Stores		1,744		101
Royal Caribbean Cruises		762		83
Scripps Networks Interactive, Cl A		461		31
Signet Jewelers		293		19



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Staples		3,146	$	32
Starbucks		6,473		377
Target, Cl A		2,454		128
Tiffany		496		47
Time Warner		3,469		348
TJX		2,823		204
Tractor Supply		519		28
TripAdvisor *		443		17
Twenty-First Century Fox, Cl A		4,651		132
Twenty-First Century Fox, Cl B		2,046		57
Ulta Beauty *		268		77
Under Armour, Cl A *		712		15
Under Armour, Cl C *		715		14
VF		1,386		80
Viacom, Cl B		1,644		55
Walt Disney		6,481		689
Whirlpool		324		62
Wyndham Worldwide		454		46
Wynn Resorts		351		47
Yum! Brands		1,437		106


				11,557


Consumer Staples – 0.9%
Altria Group		8,608		641
Archer-Daniels-Midland		2,551		106
Brown-Forman, Cl B		833		40
Campbell Soup		886		46
Church & Dwight		1,139		59
Clorox		592		79
Coca-Cola		17,124		768
Colgate-Palmolive		3,957		293
Conagra Brands		1,743		62
Constellation Brands, Cl A		761		147
Costco Wholesale		1,964		314
Coty, Cl A		2,195		41
CVS Health		4,555		366
Dr Pepper Snapple Group		846		77
Estee Lauder, Cl A		997		96
General Mills		2,542		141
Hershey		607		65
Hormel Foods		1,254		43
JM Smucker		489		58
Kellogg		1,147		80
Kimberly-Clark		1,556		201
Kraft Heinz		2,613		224
Kroger		4,125		96
McCormick		521		51
Molson Coors Brewing, Cl B		842		73
Mondelez International, Cl A		6,796		293
Monster Beverage *		1,824		91
PepsiCo		6,362		735
Philip Morris International		6,915		812



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Procter & Gamble		11,380	$	992
Reynolds American		3,622		236
Sysco, Cl A		2,217		112
Tyson Foods, Cl A		1,290		81
Walgreens Boots Alliance		3,824		299
Wal-Mart Stores		6,522		494
Whole Foods Market		1,390		58


				8,370


Energy – 0.7%
Anadarko Petroleum, Cl A		2,485		113
Apache		1,715		82
Baker Hughes		1,892		103
Breitburn Energy Partners *(C)		62,847		10
Cabot Oil & Gas		2,126		53
Chesapeake Energy *		2,892		14
Chevron		8,433		880
Cimarex Energy		443		42
Concho Resources *		665		81
ConocoPhillips		5,415		238
Devon Energy		2,378		76
EOG Resources		2,529		229
EQT		797		47
ExxonMobil		18,836		1,521
Halliburton		3,821		163
Helmerich & Payne		533		29
Hess		1,188		52
Kinder Morgan		8,452		162
Marathon Oil		3,598		43
Marathon Petroleum		2,298		120
Murphy Oil		628		16
National Oilwell Varco, Cl A		1,589		52
Newfield Exploration *		771		22
Noble Energy		2,066		58
Occidental Petroleum		3,354		201
Oneok		1,667		87
Phillips 66		1,932		160
Pioneer Natural Resources		758		121
Range Resources		779		18
SandRidge Energy *		59,467		1,023
Schlumberger, Cl A		6,208		409
TechnipFMC *		2,015		55
Tesoro		693		65
Titan Energy *		13,743		106
Transocean *		1,719		14
Valero Energy		1,988		134
Williams		3,669		111


				6,710


Financials – 1.5%
Affiliated Managers Group		252		42
Aflac		1,763		137



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Allstate		1,608	$	142
American Express		3,364		283
American International Group		3,849		241
Ameriprise Financial		671		85
Aon		1,155		154
Arthur J. Gallagher		793		45
Assurant		234		24
Bank of America		44,272		1,074
Bank of New York Mellon		4,555		232
BB&T		3,574		162
Berkshire Hathaway, Cl B *		8,445		1,430
BlackRock		531		224
Capital One Financial		2,124		175
CBOE Holdings		400		37
Charles Schwab		5,331		229
Chubb		2,091		304
Cincinnati Financial		660		48
Citigroup		12,258		820
Citizens Financial Group		2,202		79
CME Group		1,492		187
Comerica		773		57
Discover Financial Services		1,640		102
ETrade Financial		1,263		48
Everest Re Group		170		43
Fifth Third Bancorp		3,435		89
Franklin Resources		1,464		66
Goldman Sachs Group		1,637		363
Hartford Financial Services Group		1,598		84
Huntington Bancshares		4,592		62
Intercontinental Exchange		2,620		173
Invesco		1,762		62
JPMorgan Chase		15,795		1,444
KeyCorp		4,893		92
Leucadia National		1,527		40
Lincoln National		1,018		69
Loews		1,193		56
M&T Bank		687		111
Marsh & McLennan		2,279		178
MetLife		4,844		266
Moody's		753		92
Morgan Stanley		6,382		284
Nasdaq, Cl A		539		39
Navient		1,230		20
Northern Trust		968		94
People's United Financial		1,585		28
PNC Financial Services Group		2,169		271
Principal Financial Group, Cl A		1,220		78
Progressive		2,575		113
Prudential Financial		1,883		204
Raymond James Financial		530		42
Regions Financial		5,241		77
S&P Global		1,134		166



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
State Street		1,571	$	141
SunTrust Banks		2,172		123
Synchrony Financial		3,446		103
T. Rowe Price Group		1,064		79
Torchmark, Cl A		514		39
Travelers		1,230		156
Unum Group		1,061		49
US Bancorp		7,082		368
Wells Fargo		20,006		1,108
Willis Towers Watson		550		80
XL Group		1,210		53
Zions Bancorporation		859		38


				13,404


Health Care – 1.4%
Abbott Laboratories		7,756		377
AbbVie		7,027		510
Aetna, Cl A		1,453		221
Agilent Technologies		1,477		88
Alexion Pharmaceuticals *		993		121
Align Technology *		354		53
Allergan		1,502		365
AmerisourceBergen, Cl A		702		66
Amgen, Cl A		3,247		559
Anthem		1,161		218
Baxter International		2,155		130
Becton Dickinson		998		195
Biogen *		958		260
Boston Scientific *		6,024		167
Bristol-Myers Squibb		7,359		410
C.R. Bard		327		103
Cardinal Health		1,401		109
Celgene, Cl A *		3,449		448
Centene *		740		59
Cerner *		1,261		84
Cigna		1,124		188
Cooper, Cl A		214		51
DaVita HealthCare Partners *		642		42
DENTSPLY SIRONA		993		64
Edwards Lifesciences, Cl A *		937		111
Eli Lilly		4,342		357
Envision Healthcare *		559		35
Express Scripts Holding *		2,627		168
Gilead Sciences		5,837		413
HCA Healthcare *		1,288		112
Henry Schein *		358		66
Hologic *		1,177		53
Humana		636		153
Idexx Laboratories *		398		64
Illumina *		647		112
Incyte *		741		93
Intuitive Surgical *		165		154



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Johnson & Johnson		11,974	$	1,584
Laboratory Corp of America Holdings *		434		67
Mallinckrodt *		418		19
McKesson		953		157
Medtronic		6,042		536
Merck		12,179		781
Mettler Toledo International *		116		68
Mylan *		2,095		81
Patterson		384		18
PerkinElmer		524		36
Perrigo		621		47
Pfizer		26,562		892
Quest Diagnostics		598		67
Regeneron Pharmaceuticals *		337		166
Stryker		1,362		189
Thermo Fisher Scientific		1,752		306
UnitedHealth Group		4,291		796
Universal Health Services, Cl B		412		50
Varian Medical Systems *		427		44
Vertex Pharmaceuticals *		1,098		142
Waters *		348		64
Zimmer Biomet Holdings		892		115
Zoetis, Cl A		2,167		135


				13,139


Industrials – 1.1%
3M		2,637		549
Acuity Brands		209		42
Alaska Air Group		534		48
Allegion		452		37
American Airlines Group		2,187		110
Ametek		1,001		61
Arconic		1,894		43
Boeing		2,479		490
C.H. Robinson Worldwide		654		45
Caterpillar, Cl A		2,640		284
Cintas		380		48
CSX		4,044		221
Cummins		686		111
Danaher, Cl A		2,675		226
Deere		1,304		161
Delta Air Lines, Cl A		3,237		174
Dover		672		54
Eaton		1,971		153
Emerson Electric		2,835		169
Equifax		554		76
Expeditors International of Washington		833		47
Fastenal, Cl A		1,224		53
FedEx		1,077		234
Flowserve		506		24
Fluor		675		31
Fortive		1,367		87



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Fortune Brands Home & Security		707	$	46
General Dynamics		1,272		252
General Electric		38,744		1,046
Honeywell International		3,368		449
IHS Markit *		1,455		64
Illinois Tool Works		1,373		197
Ingersoll-Rand		1,145		105
Jacobs Engineering Group		586		32
JB Hunt Transport Services		362		33
Kansas City Southern		488		51
L3 Technologies		334		56
Lockheed Martin		1,114		309
Masco		1,464		56
Nielsen Holdings		1,424		55
Norfolk Southern		1,277		155
Northrop Grumman		766		197
PACCAR		1,563		103
Parker-Hannifin, Cl A		602		96
Pentair		738		49
Quanta Services *		671		22
Raytheon		1,276		206
Republic Services		994		63
Robert Half International		505		24
Rockwell Automation		578		94
Rockwell Collins		733		77
Roper Technologies		453		105
Snap-on		270		43
Southwest Airlines, Cl A		2,661		165
Stanley Black & Decker		681		96
Stericycle, Cl A *		410		31
Textron		1,149		54
TransDigm Group		221		59
Union Pacific		3,608		393
United Continental Holdings *		1,208		91
United Parcel Service, Cl B		3,081		341
United Rentals *		397		45
United Technologies		3,329		407
Verisk Analytics, Cl A *		698		59
Waste Management		1,796		132
WW Grainger		252		45
Xylem		832		46


				9,527


Information Technology – 2.3%
Accenture, Cl A		2,774		343
Activision Blizzard		3,066		176
Adobe Systems *		2,215		313
Advanced Micro Devices *		3,196		40
Akamai Technologies *		814		41
Alliance Data Systems		253		65
Alphabet, Cl A *		1,324		1,231
Alphabet, Cl C *		1,327		1,206



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Amphenol, Cl A		1,367	$	101
Analog Devices		1,622		126
Ansys *		354		43
Apple		23,154		3,335
Applied Materials		4,713		195
Autodesk, Cl A *		888		90
Automatic Data Processing		1,963		201
Broadcom, Cl A		1,774		413
CA		1,434		49
Cisco Systems		22,274		697
Citrix Systems *		675		54
Cognizant Technology Solutions, Cl A		2,655		176
Corning, Cl B		4,016		121
CSRA		646		21
DXC Technology		1,279		98
eBay *		4,461		156
Electronic Arts *		1,375		145
F5 Networks, Cl A *		271		34
Facebook, Cl A *		10,507		1,586
Fidelity National Information Services, Cl B		1,484		127
Fiserv, Cl A *		955		117
Flir Systems		604		21
Gartner *		400		49
Global Payments		665		60
Harris		544		59
Hewlett Packard Enterprise		7,414		123
HP		7,434		130
Intel		20,977		708
International Business Machines		3,772		580
Intuit		1,073		142
Juniper Networks		1,750		49
KLA-Tencor		664		61
Lam Research		716		101
MasterCard, Cl A		4,141		503
Microchip Technology		987		76
Micron Technology *		4,584		137
Microsoft		34,297		2,364
Motorola Solutions		716		62
NetApp		1,248		50
Nvidia		2,659		384
Oracle, Cl B		13,383		671
Paychex		1,439		82
PayPal Holdings *		5,009		269
Qlik *(C)		3,600		–
Qlik, Cl A *(C)		56		60
Qlik, Cl B *(C)		13,812		14
Qorvo *		600		38
Qualcomm		6,606		365
Red Hat *		771		74
salesforce.com *		2,999		260
Seagate Technology		1,298		50
Skyworks Solutions		847		81



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Symantec, Cl A		2,797	$	79
Synopsys *		705		51
TE Connectivity		1,571		124
Texas Instruments		4,457		343
Total System Services		768		45
VeriSign *		360		33
Visa, Cl A		8,221		771
Western Digital		1,308		116
Western Union		2,237		43
Xerox		1,043		30
Xilinx		1,068		69


				20,627


Materials – 0.3%
Air Products & Chemicals		975		140
Albemarle		505		53
Avery Dennison		420		37
Ball		1,486		63
CF Industries Holdings		1,135		32
Dow Chemical, Cl A		5,031		317
E.I. Du Pont de Nemours		3,881		313
Eastman Chemical		663		56
Ecolab		1,157		154
FMC		616		45
Freeport-McMoRan, Cl B *		6,075		73
International Flavors & Fragrances		364		49
International Paper		1,835		104
LyondellBasell Industries, Cl A		1,471		124
Martin Marietta Materials, Cl A		267		59
Mirabela Nickel *(C)		597,236		–
Monsanto		1,922		228
Mosaic		1,663		38
Newmont Mining		2,404		78
Nucor		1,437		83
PPG Industries		1,150		126
Praxair		1,258		167
Sealed Air		913		41
Sherwin-Williams, Cl A		363		127
Vulcan Materials		601		76
WestRock		1,082		61


				2,644


Real Estate – 0.3%
Alexandria Real Estate Equities ‡		423		51
American Tower, Cl A ‡		1,907		252
Apartment Investment & Management, Cl A ‡		754		32
AvalonBay Communities ‡		610		117
Boston Properties ‡		692		85
CBRE Group, Cl A *		1,359		49
Crown Castle International ‡		1,612		162
Digital Realty Trust, Cl A ‡		714		81
Equinix ‡		343		147



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Equity Residential ‡		1,629	$	107
Essex Property Trust ‡		302		78
Extra Space Storage ‡		583		46
Federal Realty Investment Trust ‡		314		40
GGP ‡		2,471		58
HCP ‡		1,980		63
Host Hotels & Resorts ‡		3,190		58
Iron Mountain ‡		1,149		40
Kimco Realty ‡		1,856		34
Macerich ‡		575		33
Mid-America Apartment Communities ‡		530		56
ProLogis ‡		2,375		139
Public Storage ‡		664		138
Realty Income ‡		1,230		68
Regency Centers ‡		600		38
Simon Property Group ‡		1,368		221
SL Green Realty ‡		434		46
UDR ‡		1,225		48
Ventas ‡		1,573		109
Vornado Realty Trust ‡		786		74
Welltower ‡		1,644		123
Weyerhaeuser ‡		3,332		112


				2,705


Telecommunication Services – 0.2%
AT&T		27,353		1,032
CenturyLink		2,322		56
Level 3 Communications *		1,331		79
Verizon Communications		18,163		811


				1,978


Utilities – 0.3%
AES		3,142		35
Alliant Energy		1,058		43
Ameren		1,047		57
American Electric Power		2,180		152
American Water Works		781		61
Centerpoint Energy		1,871		51
CMS Energy		1,208		56
Consolidated Edison		1,354		109
Dominion Resources		2,756		211
DTE Energy		814		86
Duke Energy		3,138		262
Edison International		1,444		113
Entergy		786		60
Eversource Energy		1,436		87
Exelon		4,081		147
FirstEnergy		1,865		54
NextEra Energy		2,097		294
NiSource		1,333		34
NRG Energy		1,445		25
PG&E		2,250		149



Description	Shares			Market Value ($ Thousands)

COMMON STOCK (continued)
Pinnacle West Capital		514		$	44
PPL		3,026			117
Public Service Enterprise Group		2,251			97
SCANA		662			44
Sempra Energy		1,109			125
Southern		4,358			209
WEC Energy Group		1,417			87
Xcel Energy		2,255			104

					2,913

Total Common Stock
(Cost $78,345) ($ Thousands)					93,574


		Face Amount
		(Thousands	)

SOVEREIGN DEBT – 9.2%
Abu Dhabi Government International Bond
3.125%, 05/03/2026		850			861
2.125%, 05/03/2021		200			198
Argentina Bonar Bonds
22.400%, 03/01/2018(A)		ARS150			9
21.927%, 10/09/2017(A)		7,010			442
Argentine Bonos del Tesoro
16.000%, 10/17/2023		130			8
15.500%, 10/17/2026		10			1
Argentine Republic Government International Bond
8.280%, 12/31/2033	$	112			123
7.820%, 12/31/2033	EUR	230			275
7.500%, 04/22/2026	$	1,460			1,573
7.125%, 07/06/2036		730			725
7.125%, 06/28/2117(B)		840			762
6.875%, 04/22/2021		260			278
6.875%, 01/26/2027		1,060			1,098
2.500%, 12/31/2038(H)		930			608
Bahrain Government International Bond
7.000%, 10/12/2028(B)		230			233
Bermuda Government International Bond
3.717%, 01/25/2027(B)		240			241
Bulgaria Government International Bond
3.125%, 03/26/2035	EUR	170			199
3.000%, 03/21/2028		360			447
2.950%, 09/03/2024		830			1,055
Chile Government International Bond
3.860%, 06/21/2047	$	380			381
3.125%, 01/21/2026		1,220			1,244
Colombia Government International Bond
5.000%, 06/15/2045		1,900			1,911
4.500%, 01/28/2026		200			213
4.000%, 02/26/2024		200			208
2.625%, 03/15/2023		660			643



Description	Face Amount (Thousands)		Market Value ($ Thousands)

SOVEREIGN DEBT (continued)
Costa Rica Government International Bond
7.158%, 03/12/2045	$	880	$	924
7.000%, 04/04/2044		400		416
5.625%, 04/30/2043		400		359
Croatia Government International Bond
5.500%, 04/04/2023		410		449
3.000%, 03/20/2027	EUR	200		231
Dominican Republic International Bond
6.875%, 01/29/2026	$	960		1,069
6.850%, 01/27/2045(B)		1,305		1,390
6.850%, 01/27/2045		660		703
6.600%, 01/28/2024		300		330
5.875%, 04/18/2024		3,090		3,260
5.500%, 01/27/2025		220		227
Ecuador Government International Bond
10.750%, 03/28/2022		870		929
9.650%, 12/13/2026(B)		910		909
9.625%, 06/02/2027(B)		1,150		1,150
7.950%, 06/20/2024		1,290		1,206
Egypt Government International Bond MTN
8.500%, 01/31/2047		420		453
7.500%, 01/31/2027		280		297
6.125%, 01/31/2022		260		266
El Salvador Government International Bond
8.625%, 02/28/2029(B)		280		291
8.625%, 02/28/2029		50		52
7.750%, 01/24/2023		10		10
7.650%, 06/15/2035		630		589
6.375%, 01/18/2027		466		420
5.875%, 01/30/2025		80		72
Ghana Government International Bond
10.750%, 10/14/2030		210		260
7.875%, 08/07/2023		200		204
Guatemala Government Bond
5.750%, 06/06/2022		700		763
4.875%, 02/13/2028		210		216
4.500%, 05/03/2026(B)		970		979
4.375%, 06/05/2027(B)		790		784
Hazine Mustesarligi Varlik Kiralama
5.004%, 04/06/2023(B)		1,930		1,970
Honduras Government International Bond
7.500%, 03/15/2024		660		730
Hungary Government International Bond
6.375%, 03/29/2021		540		608
6.250%, 01/29/2020		2,310		2,527
5.750%, 11/22/2023		140		160
5.375%, 02/21/2023		250		278
4.125%, 02/19/2018		70		71
4.000%, 03/25/2019		30		31
Indonesia Government International Bond MTN
5.875%, 01/15/2024		1,130		1,288
4.750%, 01/08/2026		2,270		2,437



Description		Face Amount (Thousands)		Market Value ($ Thousands)

SOVEREIGN DEBT (continued)
4.625%, 04/15/2043	$		230	$	232
4.350%, 01/08/2027(B)			320		334
4.125%, 01/15/2025			300		309
3.750%, 06/14/2028(B)	EUR		200		250
3.700%, 01/08/2022(B)	$		450		462
3.375%, 04/15/2023			310		311
3.375%, 07/30/2025	EUR		1,390		1,729
2.625%, 06/14/2023(B)			300		359
Ivory Coast Government International Bond
6.375%, 03/03/2028	$		200		202
6.125%, 06/15/2033(B)			200		192
5.750%, 12/31/2032			235		226
5.125%, 06/15/2025(B)	EUR		210		242
Jordan Government International Bond
6.125%, 01/29/2026(B)	$		200		205
Kenya Government International Bond
6.875%, 06/24/2024(B)			1,335		1,365
6.875%, 06/24/2024			830		849
Macedonia Government International Bond
5.625%, 07/26/2023	EUR		350		435
5.625%, 07/26/2023(B)			350		434
Mexican Bonos
8.500%, 11/18/2038	MXN		980		62
8.000%, 11/07/2047			48		3
7.750%, 11/23/2034			1,954		116
Mexico Government International Bond
4.000%, 10/02/2023	$		520		544
3.625%, 03/15/2022			70		72
Mongolia Government International Bond MTN
8.750%, 03/09/2024(B)			200		219
5.125%, 12/05/2022			401		376
Nigeria Government International Bond
7.875%, 02/16/2032			200		217
6.750%, 01/28/2021			207		219
6.375%, 07/12/2023			200		206
5.625%, 06/27/2022			50		49
Pakistan Government International Bond
8.250%, 04/15/2024			210		238
8.250%, 09/30/2025			370		424
Panama Government International Bond
3.875%, 03/17/2028			200		205
Paraguay Government International Bond
6.100%, 08/11/2044			350		387
5.000%, 04/15/2026(B)			440		465
4.700%, 03/27/2027(B)			570		585
4.625%, 01/25/2023			550		573
Perusahaan Penerbit SBSN Indonesia III
4.550%, 03/29/2026			200		208
4.550%, 03/29/2026(B)			330		344
4.150%, 03/29/2027(B)			1,090		1,106
3.400%, 03/29/2022(B)			200		202



Description		Face Amount (Thousands)		Market Value ($ Thousands)

SOVEREIGN DEBT (continued)
Philippine Government International Bond
5.500%, 03/30/2026	$		200	$	240
Province of Santa Fe
7.000%, 03/23/2023			150		157
7.000%, 03/23/2023(B)			150		156
Provincia de Buenos Aires
23.768%, 05/31/2022(A)(B)	ARS		2,070		127
Provincia de la Rioja
9.750%, 02/24/2025(B)	$		270		285
Republic of Suriname
9.250%, 10/26/2026			400		410
9.250%, 10/26/2026(B)			340		349
Romanian Government International Bond MTN
6.750%, 02/07/2022			610		707
4.375%, 08/22/2023			100		106
3.875%, 10/29/2035(B)	EUR		570		680
3.875%, 10/29/2035			10		12
2.875%, 05/26/2028			220		259
Russian Foreign Bond - Eurobond
5.250%, 06/23/2047(B)	$		200		201
4.875%, 09/16/2023(B)			400		429
4.750%, 05/27/2026			400		418
4.500%, 04/04/2022(B)			200		211
4.250%, 06/23/2027(B)			400		399
Senegal Government International Bond
6.250%, 05/23/2033(B)			1,600		1,624
South Africa Government International Bond
5.875%, 05/30/2022			100		109
5.875%, 09/16/2025			760		817
4.875%, 04/14/2026			290		291
4.300%, 10/12/2028			400		374
Sri Lanka Government International Bond
6.850%, 11/03/2025			790		833
6.825%, 07/18/2026(B)			250		263
6.200%, 05/11/2027(B)			380		379
6.125%, 06/03/2025			200		204
5.875%, 07/25/2022			470		487
5.750%, 01/18/2022(B)			200		207
Turkey Government International Bond
7.375%, 02/05/2025			360		417
7.000%, 06/05/2020			220		240
6.875%, 03/17/2036			130		146
6.250%, 09/26/2022			1,271		1,381
6.000%, 03/25/2027			346		368
6.000%, 01/14/2041			410		420
5.750%, 03/22/2024			1,106		1,170
5.750%, 05/11/2047			310		303
4.875%, 10/09/2026			210		207
4.875%, 04/16/2043			200		177
3.250%, 06/14/2025	EUR		740		835



Description		Face Amount (Thousands)		Market Value ($ Thousands)

SOVEREIGN DEBT (continued)
Ukraine Government International Bond
7.750%, 09/01/2023	$		230		$ 228
7.750%, 09/01/2024			1,050		1,029
7.750%, 09/01/2025			270		264
7.750%, 09/01/2027			270		261
United Kingdom Treasury Bill
0.000%, 07/10/2017 (D)	GBP		4,525		5,878
Zambia Government International Bond
8.970%, 07/30/2027	$		1,040		1,108
8.500%, 04/14/2024			200		209
5.375%, 09/20/2022			280		262

Total Sovereign Debt (Cost $80,600) ($ Thousands)					83,637


U.S. GOVERNMENT AGENCY OBLIGATIONS – 2.5%
FHLB DN
2.002%, 08/02/2017 (D)			7,000		6,994
1.902%, 07/28/2017 (D)			5,000		4,997
1.011%, 07/21/2017 (D)			7,000		6,996
FNMA DN
0.961%, 07/19/2017 (D)			4,000		3,998

Total U.S. Government Agency Obligations (Cost $22,984) ($ Thousands)					22,985


COMMERCIAL PAPER – 2.1%
PepsiCo
2.082%, 07/28/2017 (B)			7,000		6,994
Societe Generale
1.242%, 07/31/2017 (B)			6,000		5,994
Unilever Capital
1.101%, 07/24/2017 (B)			6,000		5,995

Total Commercial Paper (Cost $18,984) ($ Thousands)					18,983


U.S. TREASURY OBLIGATIONS – 0.5%
U.S. Treasury Notes
2.250%, 11/15/2025			4,000		4,001
2.000%, 05/31/2024			890		883

Total U.S. Treasury Obligations (Cost $4,914) ($ Thousands)					4,884



Description		Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS – 0.3%

Minnesota – 0.0%
Northstar Education Finance, Ser 2007-1, RB
1.272%, 04/28/2030 (A)	$		300		$ 296


North Carolina – 0.2%
North Carolina State, Education Assistance Authority, Ser A-3, RB
2.056%, 10/25/2041 (A)			1,250		1,253


Puerto Rico – 0.1%
Commonwealth of Puerto Rico, Ser A, GO
8.000%, 07/01/2035 (E)			410		249
Puerto Rico Commonwealth, Aqueduct & Sewer Authority, Ser Senior A, RB Callable 07/01/2018 @ 100
6.000%, 07/01/2038			55		45
Puerto Rico Commonwealth, Aqueduct & Sewer Authority, Ser Senior A, RB Callable 07/01/2022 @ 100
5.000%, 07/01/2033			25		20
Puerto Rico Commonwealth, Ser B, GO Callable 07/01/2019 @ 100
6.000%, 07/01/2039 (E)			35		21
Puerto Rico Sales Tax Financing Sales Tax Revenue, Sub-Ser A, RB
Callable 08/01/2019 @ 100
6.500%, 08/01/2044			1,020		262
6.000%, 08/01/2042			105		27
5.750%, 08/01/2037			655		169
5.500%, 08/01/2028			35		9
Puerto Rico Sales Tax Financing Sales Tax Revenue, Sub-Ser A, RB Callable 02/01/2020 @ 100
5.500%, 08/01/2037			90		23
5.375%, 08/01/2039			960		247
Puerto Rico Sales Tax Financing Sales Tax Revenue, Sub-Ser A-1, RB Callable 08/01/2021 @ 100
5.000%, 08/01/2043			40		10
Puerto Rico Sales Tax Financing Sales Tax Revenue, Sub-Ser C, RB Callable 08/01/2020 @ 100
5.250%, 08/01/2041			325		84

					1,166

Total Municipal Bonds (Cost $3,465) ($ Thousands)					2,715



Description	Shares		Market Value ($ Thousands)

EXCHANGE TRADED FUND – 0.2%
Energy – 0.2%
Guggenheim Solar Energy		102,533	$	2,040


Total Exchange Traded Fund
(Cost $1,915) ($ Thousands)				2,040


PREFERRED STOCK – 0.2%
Consumer Discretionary – 0.0%
Delphi Financial Group, 0.000% *(A)		20,807		448


Industrials – 0.2%
Seaspan, 6.375% (G)		54,789		1,399


Other Asset-Backed Securities – 0.0%
GSC Partners Fund V, Ser 2004-5A, 0.000% *(A)(B)		1,800		–
GSC Partners Fund V, Ser 2004-5I, 0.000% *(A)		100		–

Total Preferred Stock
(Cost $2,555) ($ Thousands)				1,847


	Face Amount (Thousands)

CONVERTIBLE BONDS – 0.1%
Mirabela Nickel CV to 5.9242
9.500%, 06/24/2019 (B)(E)		167		15
SM Energy CV to 24.6914
1.500%, 07/01/2021		650		584

Total Convertible Bonds
(Cost $845) ($ Thousands)				599


	Number of Warrants

WARRANT – 0.0%
Comstock Resources, Expires 06/15/2020 Strike Price $0 *		1,857		13

Total Warrant
(Cost $–) ($ Thousands)				13

Total Investments – 96.9%
(Cost $871,911) ($ Thousands) @			$	884,262

	Contracts

*PURCHASED OPTIONS – 0.2%**
December 19 Put on IMM EUR, Expires 12/21/2019, Strike Price $97.63		856		519



Description	Contracts			Market Value ($ Thousands)

PURCHASED OPTIONS (continued)
iShares 20+ Year Treasury Bond ETF, Expires 09/16/2017, Strike Price $127.00		4,526		$	598
iShares iBoxx $ High Yield Corporate Bond ETF, Expires 09/16/2017, Strike Price $84.00		5,335			203
October 17 EUR Put GBP Call, Expires 10/21/2017, Strike Price $0.87		17,281,033			196
United States Oil Fund, Expires 08/19/2017, Strike Price $8.50		15,177			121

Total Purchased Options
(Cost $3,171) ($ Thousands)				$	1,637


*WRITTEN OPTIONS – (0.1)%**
iShares 20+ Year Treasury Bond ETF, Expires 09/16/2017 Strike Price $130.00		(4,526	)		(290	)
July 17 Calls on SPX, Expires 07/22/2017 Strike Price $2,435.00		(262	)		(341	)
July 17 Calls on SPX, Expires 07/22/2017 Strike Price $2,430.00		(4	)		(6	)
July 17 Calls on SPX, Expires 07/22/2017 Strike Price $2,425.00		(244	)		(461	)

Total Written Options
(Premiums Received $1,910) ($ Thousands)				$	(1,098	)

A list of the open forward foreign currency contracts held by the Fund at June 30, 2017 is as follows:


Settlement Date		Currency to Deliver (Thousands)			Currency To Receive (Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
07/10/17-08/10/17	GBP		7,268	USD		9,265	$	(179)
07/12/17-08/24/17	EUR		14,477	USD		16,350		(205)
08/02/17	USD		387	EUR		345		7

								(377)

A list of the counterparties for the outstanding forward foreign currency contracts held by the Fund at June 30, 2017, is as follows:


Counterparty	Currency to Deliver ($ Thousands)			Currency to Receive ($ Thousands)		Unrealized Depreciation ($ Thousands)
Bank of America	$	(1,162	)	$	1,144	$	(18	)
Citigroup		(1,409	)		1,383		(27	)
Goldman Sachs		(5,879	)		5,735		(144	)
JPMorgan Chase Bank		(3,199	)		3,170		(29	)
Northern Trust		(4	)		4		–
State Street		(14,733	)		14,573		(159	)

						$	(377	)

A list of the open OTC swap agreements held by the Fund at June 30, 2017, is as follows:

A list of the open centrally cleared swap agreements held by the Fund at June 30, 2017, is as follows:

Percentages are based on Net Assets of $912,126 ($ Thousands).

*	Non-income producing security.

‡	Real Estate Investment Trust.

(A)	Variable Rate Security – The rate reported on the Schedule of Investments is the rate in effect as of June 30, 2017.

(B)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On June 30, 2017, the value of these securities amounted to $362,279 ($ Thousands), representing 39.7% of the Net Assets of the Fund.

(C)	Security fair valued using methods determined in good faith by the Valuation Committee of the Board of Trustees. The total market value of such securities as of June 30, 2017 was $26,515 ($ Thousands) and represented 2.9% of the Net Assets of the Fund.

(D)	Zero coupon security. The rate shown on the Schedule of Investments is the security’s effective yield at the time of purchase.

(E)	Security is in default on interest payment.

(F)	Unsettled bank loan. Interest rate not available.

(G)	Securities considered illiquid. The total value of such securities as of June 30, 2017 was $5,681 ($ Thousands) and represented 0.7% of the Net Assets of the Fund.

(H)	Step Bonds – The rate reflected on the Schedule of Investments is the effective yield on June 30, 2017. The coupon on a step bond changes on a specified date.

(I)	Unfunded bank loan.

ARS – Argentine Peso

CDO – Collateralized Debt Obligation

Cl – Class

CLO – Collateralized Loan Obligation

CMO – Collateralized Mortgage Obligation

CV –Convertible Security

EUR – Euro

ETF – Exchange Traded Fund

FHLB – Federal Home Loan Bank

FHLMC – Federal Home Loan Mortgage Corporation

FNMA – Federal National Mortgage Association

GTD – Government

GBP – British Pound Sterling

GNMA – Government National Mortgage Association

GO – General Obligation

IO – Interest Only – face amount represents notional amount.

IMM – International Monetary Market

JIBOR – Johannesburg Interbank Average Rate

LIBOR – London Interbank Offered Rate

LLC – Limited Liability Company

L.P. – Limited Partnership

MTN – Medium Term Note

MXN – Mexican Peso

OTC – Over the Counter

PLC – Public Limited Company

RB – Revenue Bond

Re-REMIC – Re-securitization of Real Estate Mortgage Investment Conduit

S&P– Standard & Poor’s

Ser – Series

SPX – Standard & Poor’s 500 Index

STD – Student

ULC – Unlimited Liability Company

USD – United States Dollar

@	At June 30, 2017, the tax basis cost of the Fund’s investments was $871,911 ($ Thousands), and the unrealized appreciation and depreciation were $35,447 ($ Thousands) and $(23,096) ($ Thousands), respectively.

The following is a list of the level of inputs used as of June 30, 2017 in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2			Level 3		Total
Asset-Backed Securities	$	–	$	259,271		$	2,945	$	262,216
Corporate Obligations		–		178,826			4,035		182,861
Loan Participations		–		90,387			15,885		106,272
Mortgage-Backed Securities		–		94,228			7,408		101,636
Common Stock		93,455		45			74		93,574
Sovereign Debt		–		83,637			–		83,637
U.S. Government Agency Obligations		–		22,985			–		22,985
Commercial Paper		–		18,983			–		18,983
U.S. Treasury Obligations		–		4,884			–		4,884
Municipal Bonds		–		2,715			–		2,715
Exchange Traded Fund		2,040		–			–		2,040
Preferred Stock		1,847		–			–		1,847
Convertible Bonds		–		584			15		599
Warrant		–		–			13		13

Total Investments in Securities	$	97,342	$	756,545		$	30,375	$	884,262


Other Financial Instruments	Level 1		Level 2			Level 3		Total
Purchased Options	$	1,637	$	–		$	–	$	1,637
Written Options		(1,098)		–			–		(1,098)
Futures Contracts *
Unrealized Appreciation		163		–			–		163
Unrealized Depreciation		(234)		–			–		(234)
Forwards Contracts *
Unrealized Appreciation		–		7			–		7
Unrealized Depreciation		–		(384	)		–		(384	)
OTC Swaps
Interest Rate Swaps *
Unrealized Appreciation		–		37			–		37
Centrally Cleared Swaps
Interest Rate Swaps *
Unrealized Appreciation		–		163			–		163
Unrealized Depreciation		–		(2	)		–		(2	)

Total Other Financial Instruments	$	(1,404)	$	156		$	–	$	(1,248)

*Futures contracts, forwards contracts and swap contracts are valued at the unrealized appreciation/ (depreciation) on the instrument.

The following is a reconciliation of the investments in which significant unobservable inputs (Level 3) were used in determining value ($ Thousands):

For the period ended June 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended June 30, 2017, there were transfers into/out of Level 3 assets and liabilities due to the availability of observable inputs to determine fair value.

The following table summarizes the quantitative inputs and assumptions used for items categorized as recurring Level 3 assets as of June 30, 2017. The disclosures below also include qualitative information on the sensitivity of the fair value measurements to changes in the significant unobservable inputs.



Description	Face Amount (Thousands)		Market Value ($ Thousands)

U.S. TREASURY OBLIGATIONS – 66.9%
U.S. Treasury Bills**(A)
0.9574, 08/31/2017	$	98,740	$	98,591
0.872%, 08/10/2017		45,240		45,198
U.S. Treasury Inflation Protected Securities
1.375%, 01/15/2020		44,354		45,970
1.250%, 07/15/2020		52,513		54,744
1.125%, 01/15/2021		20,568		21,357
0.625%, 07/15/2021		103,174		105,738
0.375%, 07/15/2025		3,385		3,360
0.125%, 04/15/2019		54,444		54,469
0.125%, 04/15/2020		83,751		83,880
0.125%, 04/15/2021		23,973		23,936
0.125%, 01/15/2022		32,162		32,114
0.125%, 07/15/2022		19,213		19,189


Total U.S. Treasury Obligations
(Cost $590,924) ($ Thousands)				588,546


	Shares

COMMON STOCK – 28.5%

Consumer Staples – 7.0%
Altria Group		59,119		4,403
Andersons		678		23
Archer-Daniels-Midland		17,064		706
B&G Foods, Cl A		2,578		92
Blue Buffalo Pet Products *		2,700		62
Boston Beer, Cl A *		150		20
Brown-Forman, Cl A		1,828		90
Brown-Forman, Cl B		5,378		261
Bunge		4,250		317
Calavo Growers		450		31
Cal-Maine Foods		650		26
Campbell Soup		5,750		300
Casey’s General Stores		1,378		148
Central Garden & Pet, Cl A *		778		23
Church & Dwight		7,946		412
Clorox		3,999		533
Coca-Cola		116,619		5,230
Coca-Cola Bottling Consolidated		180		41
Colgate-Palmolive		25,497		1,890
Conagra Brands		13,438		481
Constellation Brands, Cl A		4,693		909
Costco Wholesale		12,585		2,013
Coty, Cl A		14,200		266
CVS Health		31,203		2,511
Darling Ingredients *		6,900		109
Dean Foods		4,072		69
Dr Pepper Snapple Group		5,493		500
Edgewell Personal Care *		1,978		150
Energizer Holdings		1,900		91
Estee Lauder, Cl A		6,719		645
Flowers Foods		5,950		103



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Fresh Del Monte Produce		1,372	$	70
General Mills		18,078		1,002
Hain Celestial Group *		3,578		139
Herbalife *		2,628		187
Hershey		4,319		464
Hormel Foods		8,000		273
HRG Group *		5,278		93
Ingles Markets, Cl A		579		19
Ingredion		2,400		286
J&J Snack Foods		727		96
JM Smucker		3,500		414
Kellogg		7,626		530
Kimberly-Clark		10,612		1,370
Kraft Heinz		17,824		1,526
Kroger		27,943		652
Lamb Weston Holdings		4,650		205
Lancaster Colony		650		80
McCormick		3,573		348
Molson Coors Brewing, Cl B		5,013		433
Mondelez International, Cl A		44,881		1,938
Monster Beverage *		12,212		607
National Beverage, Cl A		533		50
Nu Skin Enterprises, Cl A		1,972		124
PepsiCo		43,015		4,968
Performance Food Group *		1,050		29
Philip Morris International		48,254		5,667
Pilgrim’s Pride *		1,278		28
Pinnacle Foods		3,750		223
Post Holdings *		2,272		176
PriceSmart		900		79
Procter & Gamble		77,817		6,782
Reynolds American		24,477		1,592
Rite Aid *		33,600		99
Sanderson Farms		672		78
Seaboard		7		28
Snyder’s-Lance		3,150		109
SpartanNash		1,822		47
Spectrum Brands Holdings		950		119
Sprouts Farmers Market *		5,028		114
SUPERVALU *		6,528		21
Sysco, Cl A		15,891		800
Tootsie Roll Industries		669		23
TreeHouse Foods *		1,827		149
Tyson Foods, Cl A		8,700		545
United Natural Foods *		1,950		72
Universal		1,022		66
US Foods Holding *		5,727		156
Vector Group		5,100		109
Walgreens Boots Alliance		28,283		2,215
Wal-Mart Stores		44,428		3,362
WD-40		327		36
Weis Markets		400		19



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Whole Foods Market		10,185	$	429


				61,501


Energy – 7.1%
Anadarko Petroleum, Cl A		24,637		1,117
Antero Resources *		13,200		285
Apache		17,864		856
Archrock		1,950		22
Atwood Oceanics, Cl A *		3,633		30
Baker Hughes		19,517		1,064
C&J Energy Services *		3,400		117
Cabot Oil & Gas		21,704		544
Callon Petroleum *		8,628		92
Carrizo Oil & Gas *		3,200		56
Centennial Resource Development, Cl A *		7,800		123
Cheniere Energy *		9,919		483
Chesapeake Energy *		46,728		232
Chevron		82,648		8,623
Cimarex Energy		4,426		416
Concho Resources *		6,452		784
ConocoPhillips		55,673		2,447
Consol Energy *		10,550		158
Continental Resources, Cl A *		3,727		120
Delek US Holdings		3,778		100
Denbury Resources *		21,572		33
Devon Energy		25,170		805
Diamond Offshore Drilling *		3,172		34
Diamondback Energy, Cl A *		3,893		346
Dril-Quip *		1,600		78
Energen *		4,021		198
Ensco, Cl A		14,778		76
EOG Resources		24,590		2,226
EQT		7,999		469
Exterran *		877		23
Extraction Oil & Gas *		8,777		118
ExxonMobil		189,052		15,262
Fairmount Santrol Holdings *		2,650		10
Forum Energy Technologies *		4,587		72
GasLog		6,772		103
Golar LNG		5,428		121
Green Plains		1,100		23
Gulfport Energy *		8,078		119
Halliburton		38,768		1,656
Helix Energy Solutions Group *		3,778		21
Helmerich & Payne		4,128		224
Hess		14,078		618
HollyFrontier		6,928		190
Kinder Morgan		89,855		1,722
Kosmos Energy *		12,600		81
Laredo Petroleum *		7,428		78
Marathon Oil		41,861		496
Marathon Petroleum		23,517		1,231



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Matador Resources *		4,800	$	103
McDermott International *		14,050		101
Murphy Oil		7,250		186
Nabors Industries		12,850		105
National Oilwell Varco, Cl A		18,078		595
Newfield Exploration *		8,650		246
Newpark Resources, Cl A *		6,466		48
Noble		13,500		49
Noble Energy		20,738		587
Nordic American Tankers		3,628		23
Oasis Petroleum *		10,300		83
Occidental Petroleum		35,089		2,101
Oceaneering International, Cl A		4,928		113
Oil States International *		2,528		69
Oneok		9,812		512
Par Petroleum *		4,319		78
Parsley Energy, Cl A *		9,713		270
Patterson-UTI Energy		6,528		132
PBF Energy, Cl A		5,350		119
PDC Energy, Cl A *		2,450		106
PHI *		2,211		22
Phillips 66		19,897		1,645
Pioneer Natural Resources		7,466		1,191
Prothena *		476		26
QEP Resources *		12,200		123
Range Resources		8,628		200
REX American Resources *		747		72
Rice Energy *		7,278		194
Ring Energy *		4,090		53
Rowan, Cl A *		5,700		58
RPC		1,328		27
RSP Permian *		4,372		141
Sanchez Energy *		6,466		46
Schlumberger, Cl A		62,459		4,112
Scorpio Tankers		11,440		45
SEACOR Holdings, Cl A *		500		17
SEACOR Marine Holdings *		502		10
SemGroup, Cl A		3,400		92
Ship Finance International		6,826		93
SM Energy		4,628		76
Southwestern Energy *		21,750		132
SRC Energy *		10,800		73
Superior Energy Services *		8,578		89
Targa Resources		8,799		398
Tesoro		6,948		650
Transocean *		14,650		121
Ultra Petroleum *		13,900		151
Unit *		3,647		68
US Silica Holdings		3,378		120
Valero Energy		20,744		1,399
Weatherford International *		43,950		170
Whiting Petroleum *		25,450		140



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Williams		35,142	$	1,064
World Fuel Services		3,228		124
WPX Energy *		17,950		173


				62,843


Financials – 0.0%
HFF, Cl A		900		31


Health Care – 5.8%
Abbott Laboratories		25,117		1,221
AbbVie		24,104		1,748
ABIOMED *		777		111
Acadia Healthcare, Cl A *		700		35
ACADIA Pharmaceuticals *		1,000		28
Aetna, Cl A		4,959		753
Agilent Technologies		5,493		326
Agios Pharmaceuticals *		1,500		77
Akorn *		1,228		41
Alere *		877		44
Alexion Pharmaceuticals *		3,216		391
Align Technology *		1,067		160
Alkermes *		2,750		159
Allergan		5,295		1,287
Allscripts Healthcare Solutions *		2,178		28
Alnylam Pharmaceuticals *		1,286		103
AmerisourceBergen, Cl A		2,628		248
Amgen, Cl A		11,252		1,938
AMN Healthcare Services *		600		23
Anthem		3,786		712
athenahealth *		853		120
Baxter International		7,572		458
Becton Dickinson		2,986		583
Biogen *		3,226		875
BioMarin Pharmaceuticals *		2,829		257
Bio-Rad Laboratories, Cl A *		533		121
Bio-Techne		550		65
Bioverativ *		2,378		143
Bluebird Bio *		627		66
Boston Scientific *		19,517		541
Bristol-Myers Squibb		26,023		1,450
Brookdale Senior Living, Cl A *		1,977		29
Bruker BioSciences		1,100		32
C.R. Bard		1,067		337
Cambrex *		450		27
Cantel Medical		400		31
Cardinal Health		5,119		399
Catalent *		1,100		39
Celgene, Cl A *		11,305		1,468
Centene *		2,800		224
Cerner *		4,678		311
Charles River Laboratories International *		853		86



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Chemed		480	$	98
Cigna		3,800		636
Clovis Oncology *		450		42
Cooper, Cl A		900		215
DaVita HealthCare Partners *		3,077		199
DENTSPLY SIRONA		3,800		246
DexCom *		1,500		110
Edwards Lifesciences, Cl A *		3,306		391
Eli Lilly		14,398		1,185
Endo International *		3,700		41
Envision Healthcare *		2,178		136
Exact Sciences *		1,378		49
Exelixis *		4,400		108
Express Scripts Holding *		8,746		558
FibroGen *		1,386		45
Gilead Sciences		19,731		1,397
Globus Medical, Cl A *		900		30
Haemonetics *		728		29
Halyard Health *		2,666		105
HCA Healthcare *		4,693		409
HealthEquity *		600		30
HealthSouth		1,078		52
Henry Schein *		1,493		273
Hill-Rom Holdings		1,478		118
HMS Holdings *		1,378		25
Hologic *		4,950		225
Horizon Pharma *		1,828		22
Humana		2,350		565
ICU Medical *		533		92
Idexx Laboratories *		1,578		255
Illumina *		2,150		373
INC Research Holdings, Cl A *		1,273		74
Incyte *		2,700		340
Insulet *		678		35
Integra LifeSciences Holdings *		728		40
Intercept Pharmaceuticals *		278		34
Intuitive Surgical *		618		578
Ionis Pharmaceuticals *		2,228		113
Ironwood Pharmaceuticals, Cl A *		1,628		31
Johnson & Johnson		40,321		5,334
Juno Therapeutics *		2,487		74
Kite Pharma *		600		62
Laboratory Corp of America Holdings *		1,706		263
LifePoint Health *		500		34
Ligand Pharmaceuticals *		278		34
Magellan Health *		822		60
Mallinckrodt *		1,950		87
Masimo *		1,000		91
McKesson		3,146		518
Medicines *		850		32
Medidata Solutions *		629		49
MEDNAX *		2,127		128



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Medtronic		19,791	$	1,756
Merck		40,688		2,608
Mettler Toledo International *		440		259
Molina Healthcare *		1,440		100
Mylan *		7,150		278
Nektar Therapeutics, Cl A *		2,000		39
Neogen, Cl B *		427		29
Neurocrine Biosciences *		1,128		52
Nevro *		278		21
NuVasive *		1,300		100
NxStage Medical *		900		23
Omnicell *		650		28
Opko Health *		3,450		23
Owens & Minor		850		27
Pacira Pharmaceuticals *		1,760		84
Parexel International *		476		41
Patterson		2,077		97
Penumbra *		350		31
PerkinElmer		1,927		131
Perrigo		2,450		185
Pfizer		88,042		2,957
Portola Pharmaceuticals, Cl A *		1,437		81
Premier, Cl A *		828		30
Prestige Brands Holdings, Cl A *		600		32
Puma Biotechnology *		520		45
QIAGEN		4,753		159
Quest Diagnostics		2,506		279
Quintiles Transnational *		2,332		209
Regeneron Pharmaceuticals *		1,171		575
Repligen *		2,986		124
ResMed		2,628		205
Sage Therapeutics *		427		34
Sarepta Therapeutics *		1,437		48
Seattle Genetics *		1,927		100
Stryker		4,746		659
Teleflex		800		166
TESARO *		600		84
Theravance Biopharma *		1,382		55
Thermo Fisher Scientific		5,866		1,023
Ultragenyx Pharmaceutical *		476		30
United Therapeutics *		822		107
UnitedHealth Group		13,438		2,492
Universal Health Services, Cl B		1,478		180
Varian Medical Systems *		1,728		178
VCA *		1,278		118
Veeva Systems, Cl A *		2,077		127
Vertex Pharmaceuticals *		3,626		467
VWR *		927		31
Waters *		1,173		216
WellCare Health Plans *		822		148
West Pharmaceutical Services		1,478		140
Wright Medical Group *		1,477		41



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Zimmer Biomet Holdings		2,977	$	382
Zoetis, Cl A		6,666		416


				51,015


Industrials – 0.1%
Danaher, Cl A		9,119		770


Information Technology – 2.7%
Accenture, Cl A		4,586		567
ACI Worldwide *		1,278		29
Activision Blizzard		6,299		363
Adobe Systems *		3,733		528
Akamai Technologies *		1,600		80
Alliance Data Systems		578		148
Alphabet, Cl A *		2,213		2,057
Alphabet, Cl C *		2,242		2,037
Amdocs		2,720		175
Ansys *		1,076		131
Aspen Technology *		476		26
Autodesk, Cl A *		1,600		161
Automatic Data Processing		3,800		389
Blackbaud, Cl A		960		82
Booz Allen Hamilton Holding, Cl A		700		23
Broadridge Financial Solutions		1,400		106
CA		2,878		99
Cadence Design Systems *		3,700		124
CDK Global		1,900		118
Citrix Systems *		1,500		119
Cognizant Technology Solutions, Cl A		5,013		333
Conduent *		6,644		106
CoreLogic *		678		29
CoStar Group *		229		60
CSRA		877		28
Dell Technologies - VMware, Cl V *		476		29
DST Systems		400		25
DXC Technology		2,133		164
eBay *		8,478		296
Electronic Arts *		2,478		262
Ellie Mae *		300		33
EPAM Systems *		350		30
Euronet Worldwide *		327		29
Facebook, Cl A *		17,711		2,674
Fair Isaac		200		28
Fidelity National Information Services, Cl B		2,927		250
First Data, Cl A *		2,150		39
Fiserv, Cl A *		1,950		239
FleetCor Technologies *		827		119
Fortinet *		850		32
Gartner *		900		111
Genpact		1,050		29
Global Payments		1,600		145



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Guidewire Software, Cl Z *		500	$	34
IAC *		400		41
International Business Machines		6,452		993
Intuit		1,779		236
j2 Global		327		28
Jack Henry & Associates		1,150		120
Leidos Holdings		1,300		67
LogMeIn		327		34
Manhattan Associates *		500		24
MasterCard, Cl A		7,626		926
MAXIMUS		427		27
Microsoft		56,419		3,889
Nuance Communications *		1,500		26
Oracle, Cl B		22,077		1,107
Paychex		3,078		175
PayPal Holdings *		8,426		452
Proofpoint *		350		30
PTC *		600		33
Red Hat *		1,750		168
Sabre		1,228		27
salesforce.com *		4,906		425
ServiceNow *		1,161		123
Splunk *		1,628		93
SS&C Technologies Holdings		2,560		98
Symantec, Cl A		5,850		165
Synopsys *		1,800		131
Take-Two Interactive Software, Cl A *		500		37
Teradata *		828		25
Total System Services		1,800		105
Twitter *		6,150		110
Tyler Technologies *		229		40
Ultimate Software Group *		150		32
Vantiv, Cl A *		1,678		106
VeriSign *		1,076		100
Visa, Cl A		14,985		1,405
VMware, Cl A *		900		79
Western Union		4,900		93
WEX *		200		21
Workday, Cl A *		1,250		121
Zillow Group, Cl C *		700		34

				24,232


Real Estate – 3.0%
Acadia Realty Trust ^‡		2,978		83
Agree Realty ^‡		579		27
Alexander & Baldwin ^‡		1,928		80
Alexander’s ^‡		57		24
Alexandria Real Estate Equities ^‡		1,850		223
American Assets Trust ^‡		1,850		73
American Campus Communities ^‡		3,450		163
American Homes 4 Rent, Cl A^‡		3,924		89
American Tower, Cl A ^‡		10,185		1,348



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Apartment Investment & Management, Cl A ^‡		4,000	$	172
Apple Hospitality ^‡		4,450		83
AvalonBay Communities ^‡		3,146		605
Boston Properties ^‡		3,466		426
Brandywine Realty Trust ^‡		6,478		114
Brixmor Property Group ^‡		5,078		91
Camden Property Trust ^‡		1,777		152
Care Capital Properties ^‡		3,278		88
CareTrust ^‡		1,650		31
CBL & Associates Properties ^‡		2,650		22
CBRE Group, Cl A * ^‡		6,650		242
Chesapeake Lodging Trust ^‡		1,050		26
Colony NorthStar, Cl A ^‡		15,750		222
Colony Starwood Homes ^‡		1,228		42
Columbia Property Trust ^‡		4,550		102
CoreCivic ^‡		3,200		88
CoreSite Realty ^‡		1,050		109
Corporate Office Properties Trust ^‡		2,828		99
Cousins Properties, Cl A ^‡		11,800		104
Crown Castle International ^‡		8,586		860
CubeSmart ^‡		5,250		126
CyrusOne ^‡		2,478		138
DCT Industrial Trust ^‡		2,778		148
DDR ^‡		10,028		91
DiamondRock Hospitality ^‡		7,178		79
Digital Realty Trust, Cl A ^‡		3,893		440
Douglas Emmett ^‡		3,678		141
Duke Realty ^‡		9,050		253
DuPont Fabros Technology ^‡		2,200		135
EastGroup Properties ^‡		1,076		90
Education Realty Trust ^‡		2,600		101
Empire State Realty Trust, Cl A ^‡		4,528		94
EPR Properties, Cl A ^‡		1,578		113
Equinix ^‡		1,813		778
Equity Commonwealth *^‡		3,150		100
Equity LifeStyle Properties ^‡		1,950		168
Equity Residential ^‡		8,106		534
Essex Property Trust ^‡		1,546		398
Extra Space Storage ^‡		2,978		232
Federal Realty Investment Trust ^‡		1,546		195
FelCor Lodging Trust ^‡		3,678		27
First Industrial Realty Trust ^‡		3,778		108
Forest City Realty Trust, Cl A ^‡		6,450		156
Four Corners Property Trust ^‡		1,178		30
Franklin Street Properties ^‡		3,050		34
Gaming and Leisure Properties ^‡		5,622		212
GEO Group ^‡		2,958		87
GGP ^‡		13,578		320
Global Net Lease ^‡		1,542		34
Government Properties Income Trust, Cl A ^‡		1,578		29
Gramercy Property Trust ^‡		5,100		152
HCP ^‡		11,145		356



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Healthcare Realty Trust ^‡		3,850	$	131
Healthcare Trust of America, Cl A ^‡		4,400		137
Hersha Hospitality Trust, Cl A ^‡		1,328		25
Highwoods Properties ^‡		2,950		150
Hospitality Properties Trust ^‡		4,200		122
Host Hotels & Resorts ^‡		17,598		321
Howard Hughes * ^‡		1,200		147
Hudson Pacific Properties ^‡		3,878		133
Invitation Homes ^‡		5,546		120
Iron Mountain ^‡		6,628		228
iStar * ^‡		2,150		26
Jones Lang LaSalle ^‡		979		122
Kennedy-Wilson Holdings ^‡		2,745		52
Kilroy Realty		2,428		182
Kimco Realty ^‡		9,900		182
Kite Realty Group Trust ^‡		1,828		35
Lamar Advertising, Cl A ^‡		2,100		154
LaSalle Hotel Properties ^‡		2,900		86
Lexington Realty Trust ^‡		9,300		92
Liberty Property Trust ^‡		3,927		160
Life Storage ^‡		1,300		96
LTC Properties ^‡		1,579		81
Macerich ^‡		3,300		192
Mack-Cali Realty ^‡		3,278		89
Medical Properties Trust ^‡		8,278		107
Mid-America Apartment Communities ^‡		2,800		295
Monmouth Real Estate Investment, Cl A ^‡		2,573		39
Monogram Residential Trust ^‡		18,184		177
National Health Investors ^‡		1,150		91
National Retail Properties ^‡		3,500		137
National Storage Affiliates Trust ^‡		1,128		26
New Senior Investment Group ^‡		4,478		45
Omega Healthcare Investors ^‡		4,800		158
Outfront Media ^‡		3,922		91
Paramount Group ^‡		7,078		113
Park Hotels & Resorts		4,200		113
Parkway ^‡		1,278		29
Pebblebrook Hotel Trust ^‡		1,128		36
Pennsylvania ^‡		1,600		18
Physicians Realty Trust ^‡		5,878		118
Piedmont Office Realty Trust, Cl A ^‡		4,177		88
Potlatch ^‡		1,850		85
ProLogis ^‡		12,585		738
PS Business Parks ^‡		522		69
Public Storage ^‡		3,402		709
QTS Realty Trust, Cl A ^‡		1,878		98
Quality Care Properties * ^‡		1,378		25
Ramco-Gershenson Properties ^‡		1,977		25
Rayonier ^‡		3,628		104
RE/MAX Holdings, Cl A ^‡		500		28
Realogy Holdings ^‡		4,377		142
Realty Income ^‡		6,400		353



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Regency Centers ^‡		3,637	$	228
Retail Opportunity Investments ^‡		5,100		98
Retail Properties of America, Cl A ^‡		8,478		104
Rexford Industrial Realty ^‡		1,328		36
RLJ Lodging Trust ^‡		3,750		74
Ryman Hospitality Properties ^‡		1,072		69
Sabra Health Care ^‡		1,000		24
Saul Centers ^‡		1,866		108
SBA Communications, Cl A * ^‡		3,040		410
Select Income ^‡		3,100		74
Senior Housing Properties Trust ^‡		7,078		145
Seritage Growth Properties ^‡		550		23
Simon Property Group ^‡		7,839		1,268
SL Green Realty ^‡		2,378		252
Spirit Realty Capital ^‡		14,800		110
St. Joe *		4,159		78
STAG Industrial ^‡		1,778		49
STORE Capital		4,800		108
Summit Hotel Properties ^‡		1,600		30
Sun Communities ^‡		1,977		173
Sunstone Hotel Investors ^‡		6,328		102
Tanger Factory Outlet Centers ^‡		2,778		72
Taubman Centers ^‡		1,800		107
Terreno Realty		1,178		40
Tier ^‡		1,628		30
UDR ^‡		6,428		250
Uniti Group ^‡		4,728		119
Universal Health Realty Income Trust ^‡		400		32
Urban Edge Properties ^‡		3,178		75
Ventas ^‡		7,892		548
VEREIT ^‡		21,500		175
Vornado Realty Trust ^‡		4,000		376
Washington ^‡		2,728		87
Washington Prime Group ^‡		3,400		28
Weingarten Realty Investors ^‡		2,977		90
Welltower ^‡		8,692		651
Weyerhaeuser ^‡		20,371		682
WP Carey ^‡		2,950		195
Xenia Hotels & Resorts ^‡		4,200		81

				26,008


Telecommunication Services – 1.4%
AT&T		153,207		5,781
CenturyTel		14,132		338
Cogent Communications Holdings		700		28
Consolidated Communications Holdings		3,466		74
Frontier Communications		39,628		46
Iridium Communications *		5,813		64
Level 3 Communications *		6,428		381
Shenandoah Telecommunications		900		28
Sprint *		19,128		157
Straight Path Communications *		387		70



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Telephone & Data Systems		3,450	$	96
T-Mobile US *		6,650		403
US Cellular *		678		26
Verizon Communications		102,367		4,572
Vonage Holdings *		4,200		27
Windstream Holdings		10,619		41
Zayo Group Holdings *		4,378		135


				12,267


Utilities – 1.4%
AES		12,850		143
ALLETE		1,450		104
Alliant Energy		3,878		156
Ameren		3,627		198
American Electric Power		6,932		482
American Water Works		2,600		203
Aqua America		3,300		110
Atmos Energy		1,528		127
Avista		700		30
Black Hills, Cl A		1,400		94
Calpine *		8,350		113
Centerpoint Energy		7,778		213
CMS Energy		4,228		196
Connecticut Water Service		1,100		61
Consolidated Edison		4,373		353
Dominion Resources		9,385		719
DTE Energy		2,600		275
Duke Energy		9,705		811
Edison International		4,533		354
El Paso Electric, Cl A		600		31
Entergy		2,750		211
Eversource Energy		4,750		288
Exelon		12,212		440
FirstEnergy		7,527		220
Great Plains Energy		4,000		117
Hawaiian Electric Industries		2,728		88
Idacorp, Cl A		1,100		94
MDU Resources Group		4,250		111
MGE Energy		400		26
National Fuel Gas		1,600		89
New Jersey Resources		2,150		85
NextEra Energy		6,666		934
NiSource		5,722		145
NorthWestern		1,529		93
NRG Energy		4,532		78
NRG Yield, Cl C		6,400		113
OGE Energy		3,878		135
ONE Gas		1,300		91
Ormat Technologies		500		29
Otter Tail		650		26
Pattern Energy Group, Cl A		1,550		37
PG&E		6,346		421



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Pinnacle West Capital		1,650	$	141
PNM Resources		2,400		92
Portland General Electric		2,250		103
PPL		9,759		377
Public Service Enterprise Group		7,100		305
SCANA		1,900		127
Sempra Energy		3,878		437
South Jersey Industries, Cl A		927		32
Southern		14,291		684
Southwest Gas Holdings		1,076		79
Spire		1,300		91
UGI		2,827		137
Unitil		1,400		68
Vectren		1,828		107
WEC Energy Group		4,853		298
Westar Energy, Cl A		2,500		133
WGL Holdings		1,076		90
Xcel Energy		7,412		340


				12,285


Total Common Stock
(Cost $244,692) ($ Thousands)				250,952


	Face Amount
	(Thousands)

CORPORATE OBLIGATIONS – 7.4%
Consumer Discretionary – 0.7%
Adient Global Holdings
4.875%, 08/15/2026 (B)	$	238		239
CBS
3.500%, 01/15/2025		835		846
Cox Communications
2.950%, 06/30/2023 (B)		240		234
CSC Holdings
6.750%, 11/15/2021		160		177
Ford Motor Credit
5.875%, 08/02/2021		695		775
General Motors
3.500%, 10/02/2018		465		473
Hanesbrands
4.625%, 05/15/2024 (B)		338		343
International Game Technology
6.250%, 02/15/2022 (B)		560		612
KB Home
4.750%, 05/15/2019		382		393
SFR Group
5.375%, 05/15/2022 (B)	EUR	235		280
Time Warner Cable
4.500%, 09/15/2042	$	330		314
Viacom
4.375%, 03/15/2043		569		506



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Virgin Media Finance
5.250%, 02/15/2022	$	200	$	188
Ziggo Secured Finance BV
5.500%, 01/15/2027 (B)		223		228

				5,608


Consumer Staples – 0.4%
Bunge Finance
8.500%, 06/15/2019		9		10
Grupo Bimbo
3.875%, 06/27/2024 (B)		703		723
Lamb Weston Holdings (B)
4.875%, 11/01/2026		112		116
4.625%, 11/01/2024		113		117
Marfrig Holdings Europe BV
8.000%, 06/08/2023 (B)		650		660
Minerva Luxembourg
6.500%, 09/20/2026 (B)		286		279
Sigma Alimentos
4.125%, 05/02/2026 (B)		710		721
Tyson Foods
3.950%, 08/15/2024		715		748
2.650%, 08/15/2019		219		222
Virgolino de Oliveira Finance
10.500%, 01/28/2018 (B)		660		46

				3,642


Energy – 1.1%
Cenovus Energy
5.700%, 10/15/2019		261		275
3.000%, 08/15/2022		52		50
Diamond Offshore Drilling
4.875%, 11/01/2043		370		240
Ecopetrol
5.875%, 05/28/2045		309		284
Energy Transfer
5.200%, 02/01/2022		465		500
Enterprise Products Operating
5.200%, 09/01/2020		340		369
3.700%, 02/15/2026		730		744
Hess
4.300%, 04/01/2027		966		944
Marathon Petroleum
5.125%, 03/01/2021		196		212
Nabors Industries
5.500%, 01/15/2023 (B)		885		839
Noble Energy
8.250%, 03/01/2019		153		168
4.150%, 12/15/2021		475		500
3.900%, 11/15/2024		606		623
Petrobras Global Finance BV
6.125%, 01/17/2022		513		529



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Petroleos Mexicanos MTN
4.625%, 09/21/2023	$	1,126	$	1,140
Plains All American Pipeline
3.600%, 11/01/2024		902		877
Regency Energy Partners
4.500%, 11/01/2023		114		118
Sabine Pass Liquefaction
5.000%, 03/15/2027		720		766
SM Energy
6.500%, 01/01/2023		43		41
Ultrapar International
5.250%, 10/06/2026 (B)		562		561
Williams Partners
3.900%, 01/15/2025		217		219

				9,999


Financials – 2.4%
ABN AMRO Bank
4.750%, 07/28/2025 (B)		269		284
Banco Santander
3.500%, 04/11/2022		600		614
Bank of America
6.500%, 12/31/2049 (C)		292		325
Bank of America MTN
3.824%, 01/20/2028 (C)		1,120		1,139
Barclays Bank
6.860%, 09/29/2049 (B)(C)		131		153
3.684%, 01/10/2023		695		713
3.650%, 03/16/2025		330		328
Barclays Bank MTN
6.625%, 03/30/2022	EUR	103		145
BNP Paribas MTN
2.250%, 01/11/2027		434		500
Citigroup
3.875%, 03/26/2025	$	905		911
Compass Bank
2.875%, 06/29/2022		905		901
Cooperatieve Rabobank UA
4.375%, 08/04/2025		657		689
Credit Suisse Group Funding Guernsey
3.800%, 06/09/2023		530		546
3.750%, 03/26/2025		570		576
Goldman Sachs Group
2.350%, 11/15/2021		847		836
Goldman Sachs Group MTN
2.800%, 11/29/2023 (C)		900		929
Intesa Sanpaolo MTN
5.017%, 06/26/2024 (B)		546		554
3.928%, 09/15/2026	EUR	160		193
JPMorgan Chase
3.782%, 02/01/2028 (C)	$	590		603



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
JPMorgan Chase MTN
2.295%, 08/15/2021	$	551	$	548
Lincoln National
4.200%, 03/15/2022		355		378
Lloyds Banking Group
4.650%, 03/24/2026		543		566
MetLife
5.700%, 06/15/2035		80		99
Metropolitan Life Global Funding I
3.875%, 04/11/2022 (B)		275		291
Nationwide Financial Services
5.375%, 03/25/2021 (B)		470		515
Navient
6.625%, 07/26/2021		770		829
Navient MTN
7.250%, 01/25/2022		52		57
Royal Bank of Scotland Group (C)
8.625%, 12/31/2049		825		899
7.640%, 09/29/2017		100		96
Santander Issuances
5.179%, 11/19/2025		400		429
Santander Issuances MTN
3.250%, 04/04/2026	EUR	300		365
Santander UK
5.000%, 11/07/2023 (B)	$	700		750
Standard Chartered (C)
7.750%, 12/29/2049 (B)		200		215
7.500%, 12/29/2049		412		441
2.680%, 01/30/2049 (B)		400		340
Sumitomo Mitsui Banking
1.966%, 01/11/2019		357		357
Trust F
5.250%, 01/30/2026 (B)		705		734
UBS Group Funding Switzerland
4.125%, 09/24/2025 (B)		689		722
US Bancorp
5.300%, 12/29/2049 (C)		474		505
Wells Fargo
3.069%, 01/24/2023		881		893
XLIT
3.250%, 06/29/2047 (C)	EUR	240		271

				21,239


Health Care – 0.3%
Laboratory Corp of America Holdings
3.600%, 02/01/2025	$	385		391
Mylan
3.950%, 06/15/2026		270		273
Teva Pharmaceutical Finance Netherlands
III BV
3.150%, 10/01/2026		674		640
2.800%, 07/21/2023		1,016		988



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Valeant Pharmaceuticals International
6.125%, 04/15/2025 (B)	$	600	$	508

				2,800


Industrials – 0.5%
Adani Ports & Special Economic Zone
3.950%, 01/19/2022 (B)		670		686
Alfa
5.250%, 03/25/2024 (B)		660		710
Allison Transmission
5.000%, 10/01/2024 (B)		286		293
Avis Budget Car Rental
5.250%, 03/15/2025 (B)		467		440
Embraer Netherlands Finance BV
5.400%, 02/01/2027		670		700
Empresa de Transporte de Pasajeros Metro
4.750%, 02/04/2024 (B)		360		389
General Electric
5.000%, 12/29/2049 (C)		300		318
Odebrecht Finance
7.125%, 06/26/2042 (B)		844		340

				3,876


Information Technology – 0.4%
Broadcom (B)
3.875%, 01/15/2027		486		499
3.625%, 01/15/2024		226		231
Fidelity National Information Services
5.000%, 10/15/2025		3		4
Lam Research
2.800%, 06/15/2021		640		649
Seagate HDD Cayman
4.750%, 01/01/2025		427		430
SPCM
4.875%, 09/15/2025 (B)		374		382
Western Digital
7.375%, 04/01/2023 (B)		762		837

				3,032


Materials – 0.3%
Anglo American Capital
3.750%, 04/10/2022 (B)		200		201
Dow Chemical
4.250%, 11/15/2020		131		139
Eastman Chemical
3.800%, 03/15/2025		318		327
Minsur
6.250%, 02/07/2024 (B)		168		179
NOVA Chemicals
5.250%, 08/01/2023 (B)		420		432
Sociedad Quimica y Minera de Chile
3.625%, 04/03/2023 (B)		408		404



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Vale Overseas
6.875%, 11/21/2036	$	670	$	719
Yamana
4.950%, 07/15/2024		462		467

				2,868


Real Estate – 0.2%
Healthcare Realty Trust
5.750%, 01/15/2021		285		312
Host Hotels & Resorts
3.750%, 10/15/2023		16		16
SBA Tower Trust
3.156%, 10/15/2020 (B)		950		969
Welltower
4.000%, 06/01/2025		550		569

				1,866


Telecommunication Services – 1.0%
AT&T
4.125%, 02/17/2026		574		589
3.800%, 03/15/2022		262		271
3.400%, 05/15/2025		2,045		2,010
3.000%, 02/15/2022		465		467
CenturyLink
7.500%, 04/01/2024		364		399
MTN Mauritius Investments
5.373%, 02/13/2022 (B)		561		577
Rogers Communications
4.000%, 06/06/2022	CAD	60		50
Sprint Capital
6.900%, 05/01/2019	$	1,485		1,585
Sprint Spectrum
3.360%, 09/20/2021 (B)		609		614
Verizon Communications
5.500%, 03/16/2047		245		268
3.500%, 11/01/2024		675		681
2.625%, 08/15/2026		731		672
Wind Acquisition Finance
4.750%, 07/15/2020 (B)		535		541

				8,724


Utilities – 0.1%
CMS Energy
5.050%, 03/15/2022		185		203
Exelon
5.150%, 12/01/2020		70		76



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Israel Electric
5.000%, 11/12/2024 (B)	$	792	$	851

				1,130

Total Corporate Obligations (Cost $63,864) ($ Thousands)				64,784

MORTGAGE-BACKED SECURITIES – 4.8%

Agency Mortgage-Backed Obligations – 0.1%
FNMA CMO, Ser 2011-131, Cl ST, IO
5.324%, 12/25/2041 (C)		1,674		366
FNMA CMO, Ser 2016-77, Cl DS, IO
4.784%, 10/25/2046 (C)		3,222		658

				1,024


Non-Agency Mortgage-Backed Obligations – 4.7%
Alternative Loan Trust, Ser 2005-20CB, Cl 3A6
5.500%, 07/25/2035		122		116
Alternative Loan Trust, Ser 2005-57CB, Cl 4A3
5.500%, 12/25/2035		287		263
Alternative Loan Trust, Ser 2006-23CB, Cl 1A7
6.000%, 08/25/2036		188		182
Alternative Loan Trust, Ser 2006-24CB, Cl A16
5.750%, 06/25/2036		484		400
Alternative Loan Trust, Ser 2006-28CB, Cl A14
6.250%, 10/25/2036		339		297
Alternative Loan Trust, Ser 2006-9T1, Cl A1
5.750%, 05/25/2036		219		170
Alternative Loan Trust, Ser 2006-J1, Cl 1A13
5.500%, 02/25/2036		277		251
Banc of America Commercial Mortgage Trust, Ser 2007-5, Cl AM
5.772%, 02/10/2051 (C)		262		265
Bear Stearns Commercial Mortgage Securities Trust, Ser 2006-PW13, Cl AJ
5.611%, 09/11/2041 (C)		7		7
Bellemeade Re II, Ser 2016-1A, Cl M2B
7.524%, 04/25/2026 (B)(C)		487		485
BHMS Mortgage Trust, Ser 2014-ATLS, Cl AFX
3.600%, 07/05/2033 (B)		1,180		1,195
CGBAM Commercial Mortgage Trust, Ser 2016- IMC, Cl C
5.122%, 11/15/2021 (B)(C)		340		333
CGRBS Commercial Mortgage Trust, Ser 2013- VN05, Cl A
3.187%, 03/13/2035 (B)		915		946
Chase Mortgage Finance Trust, Ser 2007-S5, Cl 1A17
6.000%, 07/25/2037		168		153



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
CHL Mortgage Pass-Through Trust, Ser 2006- 10, Cl 1A8
6.000%, 05/25/2036	$	270	$	228
CHL Mortgage Pass-Through Trust, Ser 2006- 13, Cl 1A19
6.250%, 09/25/2036		137		117
Citigroup Commercial Mortgage Trust, Ser 2013-GC11, Cl D
4.456%, 04/10/2046 (B)(C)		343		318
Citigroup Commercial Mortgage Trust, Ser 2015-GC27, Cl A5
3.137%, 02/10/2048		980		984
Commercial Mortgage Loan Trust, Ser 2008- LS1, Cl A1A
6.109%, 12/10/2049 (C)		1,249		1,255
Commercial Mortgage Pass-Through Certificates, Ser 2013-SFS, Cl A1
1.873%, 04/12/2035 (B)		296		292
Credit Suisse Mortgage Trust, Ser 2016-MFF, Cl D
5.367%, 10/15/2018		268		269
CSMC, Ser 2010-6R, Cl 3A2
5.875%, 01/26/2038 (B)		592		485
Deutsche Alt-A Securities Mortgage Loan Trust, Ser 2006-AR4, Cl A2
1.406%, 12/25/2036 (C)		608		368
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2014-DN3, Cl M3
5.216%, 08/25/2024 (C)		1,165		1,266
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2014-DN4, Cl M3
5.766%, 10/25/2024 (C)		248		273
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2015-DNA1, Cl M3
4.324%, 10/25/2027 (C)		280		310
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2015-HQ1, Cl M2
3.224%, 03/25/2025 (C)		316		320
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2015-HQA2, Cl M2
4.016%, 05/25/2028 (C)		414		428
First Horizon Alternative Mortgage Securities Trust, Ser 2006-FA3, Cl A9
6.000%, 07/25/2036		272		224
FNMA Connecticut Avenue Securities, Ser 2014- C03, Cl 1M1
2.224%, 07/25/2024 (C)		58		58
FNMA Connecticut Avenue Securities, Ser 2014- C04, Cl 2M2
6.024%, 11/25/2024 (C)		228		257



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FNMA Connecticut Avenue Securities, Ser 2015-C01, Cl 1M2
5.324%, 02/25/2025 (C)	$	457	$	497
FNMA Connecticut Avenue Securities, Ser 2015-C02, Cl 1M2
5.024%, 05/25/2025 (C)		841		909
FNMA Connecticut Avenue Securities, Ser 2015-C02, Cl 2M2
5.024%, 05/25/2025 (C)		578		616
FNMA Connecticut Avenue Securities, Ser 2015-C03, Cl 1M2
6.024%, 07/25/2025 (C)		983		1,096
FNMA Connecticut Avenue Securities, Ser 2015-C03, Cl 2M2
6.024%, 07/25/2025 (C)		1,129		1,248
FNMA Connecticut Avenue Securities, Ser 2015-C04, Cl 2M2
6.574%, 04/25/2028 (C)		980		1,101
FNMA Connecticut Avenue Securities, Ser 2015-C04, Cl 1M2
5.894%, 04/25/2028 (C)		312		355
FNMA Connecticut Avenue Securities, Ser 2016-C01, Cl 2M2
7.974%, 08/25/2028 (C)		731		878
FNMA Connecticut Avenue Securities, Ser 2016-C01, Cl 1M2
7.774%, 08/25/2028 (C)		978		1,183
FNMA Connecticut Avenue Securities, Ser 2016-C02, Cl 1M2
7.024%, 09/25/2028 (C)		814		953
FNMA Connecticut Avenue Securities, Ser 2016-C03, Cl 2M2
6.924%, 10/25/2028 (C)		1,025		1,194
GS Mortgage Securities II, Ser 2013-KING, Cl A
2.706%, 12/10/2027 (B)		759		769
GS Mortgage Securities Trust, Ser 2014-GC18, Cl D
4.945%, 01/10/2047 (B)(C)		955		814
H/2 Asset Funding, Ser 2015-1A
2.630%, 06/24/2049		523		520
HomeBanc Mortgage Trust, Ser 2005-1, Cl A1
1.466%, 03/25/2035 (C)		228		200
JPMBB Commercial Mortgage Securities Trust, Ser 2014-C22, Cl XA, IO
1.087%, 09/15/2047 (C)		20,409		1,028
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C32, Cl C
4.668%, 11/15/2048 (C)		849		817
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2004-LN2, Cl A1A
4.838%, 07/15/2041 (B)(C)		252		252



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2006-LDP9, Cl AM
5.372%, 05/15/2047	$	329	$	328
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2007-CB19, Cl AM
5.751%, 02/12/2049 (C)		44		44
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2007-LD12, Cl AM
6.058%, 02/15/2051 (C)		228		231
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2015-C31, Cl A3
3.801%, 08/15/2048		572		599
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2015-SGP, Cl A
2.689%, 07/15/2036 (B)(C)		1,283		1,291
JPMorgan Mortgage Trust, Ser 2007-S3, Cl 1A8
6.000%, 08/25/2037		231		202
LB-UBS Commercial Mortgage Trust, Ser 2006-C6, Cl AJ
5.452%, 09/15/2039 (C)		356		310
LSTAR Commercial Mortgage Trust, Ser 2014-2, Cl A2
2.767%, 01/20/2041 (B)		403		403
LSTAR Commercial Mortgage Trust, Ser 2015-3, Cl A2
2.729%, 04/20/2048 (B)(C)		942		947
LSTAR Commercial Mortgage Trust, Ser 2016-4, Cl A2
2.458%, 03/10/2049 (B)		971		948
ML-CFC Commercial Mortgage Trust, Ser 2007-9, Cl A4
5.700%, 09/12/2049		571		571
Morgan Stanley Capital I Trust, Ser 2005-IQ9, Cl D
5.000%, 07/15/2056		545		545
Morgan Stanley Capital I Trust, Ser 2015-XLF2, Cl AFSA
2.939%, 08/15/2026 (B)(C)		239		239
Morgan Stanley Capital I Trust, Ser 2015-XLF2, Cl SNMA
2.939%, 11/15/2026 (B)(C)		270		268
RBSSP Resecuritization Trust, Ser 2009-7, Cl 10A3
6.000%, 08/26/2037 (B)		816		700
RBSSP Resecuritization Trust, Ser 2010-9, Cl 7A6
6.004%, 05/26/2037 (B)(C)		737		600
Resource Capital, Ser 2014-CRE2, Cl A
2.222%, 04/15/2032 (B)(C)		55		55
Starwood Retail Property Trust, Ser 2014, Cl A
2.209%, 11/15/2027 (B)(C)		1,818		1,800



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
UBS-Barclays Commercial Mortgage Trust, Ser 2012-C4, Cl A5
2.850%, 12/10/2045	$	596	$	601
Wachovia Bank Commercial Mortgage Trust, Ser 2006-C26, Cl A1A
6.009%, 06/15/2045 (C)		30		30
Wells Fargo Commercial Mortgage Trust, Ser 2015-SG1, Cl A4
3.789%, 09/15/2048		485		508
Wells Fargo Commercial Mortgage Trust, Ser 2015-SG1, Cl C
4.470%, 09/15/2048 (C)		794		766
Wells Fargo Commercial Mortgage Trust, Ser 2016-NXS6, Cl C
4.310%, 11/15/2049 (C)		925		923
Wells Fargo Credit Risk Transfer Securities Trust, Ser 2015-WF1, Cl 1M2
6.274%, 11/25/2025 (B)(C)		612		666
Wells Fargo Credit Risk Transfer Securities Trust, Ser 2015-WF1, Cl 2M2
6.524%, 11/25/2025 (B)(C)		162		185
Wells Fargo Mortgage-Backed Securities Trust, Ser 2007-8, Cl 2A5
5.750%, 07/25/2037		137		136
WFRBS Commercial Mortgage Trust, Ser 2013-C14, Cl A5
3.337%, 06/15/2046		490		505

				41,346

Total Mortgage-Backed Securities (Cost $41,280) ($ Thousands)				42,370


ASSET-BACKED SECURITIES – 3.0%

Automotive – 1.8%
Ally Auto Receivables Trust, Ser 2015-2, Cl A3
1.490%, 11/15/2019		378		378
Avis Budget Rental Car Funding AESOP, Ser 2012-3A, Cl A
2.100%, 03/20/2019 (B)		435		436
Avis Budget Rental Car Funding AESOP, Ser 2013-2A, Cl A
2.970%, 02/20/2020 (B)		594		600
Avis Budget Rental Car Funding AESOP, Ser 2016-1A, Cl A
2.990%, 06/20/2022 (B)		646		650
California Republic Auto Receivables Trust, Ser 2014-2, Cl A4
1.570%, 12/16/2019		516		515



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
California Republic Auto Receivables Trust, Ser 2015-2, Cl A3
1.310%, 08/15/2019	$	277	$	277
Capital Auto Receivables Asset Trust, Ser 2014-1, Cl B
2.220%, 01/22/2019		150		150
Chrysler Capital Auto Receivables Trust, Ser 2016-AA, Cl A3
1.770%, 10/15/2020 (B)		1,380		1,381
CPS Auto Receivables Trust, Ser 2013-B, Cl A
1.820%, 09/15/2020 (B)		150		150
CPS Auto Recievables Trust, Ser 2017-A, Cl A
1.680%, 08/17/2020 (B)		545		543
Drive Auto Receivables Trust, Ser 2016-CA, Cl A3
1.670%, 11/15/2019 (B)		443		443
Drive Auto Receivables Trust, Ser 2017-BA, Cl A1
1.200%, 04/16/2018 (B)		601		601
Enterprise Fleet Financing, Ser 2015-1, Cl A2
1.300%, 09/20/2020 (B)		275		275
Exeter Automobile Receivables Trust, Ser 2016-1A, Cl D
8.200%, 02/15/2023 (B)		440		469
Exeter Automobile Receivables Trust, Ser 2016- 3A, Cl A
1.840%, 11/16/2020 (B)		354		353
Exeter Automobile Receivables Trust, Ser 2017-2A, Cl A
2.110%, 06/15/2021 (B)		721		721
First Investors Auto Owner Trust, Ser 2016-2A, Cl A1
1.530%, 11/16/2020 (B)		599		597
Flagship Credit Auto Trust, Ser 2016-2, Cl D
8.560%, 11/15/2023 (B)		545		589
Flagship Credit Auto Trust, Ser 2016-4, Cl A2
1.960%, 02/16/2021 (B)		900		898
Flagship Credit Auto Trust, Ser 2016-4, Cl D
3.890%, 11/15/2022 (B)		450		453
Harley-Davidson Motorcycle Trust, Ser 2014-1, Cl A3
1.100%, 09/15/2019		113		113
Hertz Vehicle Financing II, Ser 2015-1A, Cl A
2.730%, 03/25/2021 (B)		675		671
Hertz Vehicle Financing II, Ser 2015-1A, Cl B
3.520%, 03/25/2021 (B)		491		492
Hertz Vehicle Financing II, Ser 2015-2A, Cl A
2.020%, 09/25/2019 (B)		700		697
Hertz Vehicle Financing, Ser 2013-1A, Cl B2
2.480%, 08/25/2019 (B)		579		574
Hertz Vehicle Financing, Ser 2016-1A, Cl A
2.320%, 03/25/2020 (B)		974		971



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Santander Drive Auto Receivables Trust, Ser 2013-2, Cl E
2.980%, 04/15/2020 (B)	$	1,095	$	1,100
Santander Drive Auto Receivables Trust, Ser 2016-3, Cl A2A
1.340%, 11/15/2019		437		436
Westlake Automobile Receivables Trust, Ser 2015-3A, Cl A2A
1.420%, 05/17/2021 (B)		21		21

				15,554


Credit Cards – 0.2%
Synchrony Credit Card Master Note Trust, Ser 2016-1, Cl A
2.040%, 03/15/2022		401		403
World Financial Network Credit Card Master Trust, Ser 2013-A, Cl A
1.610%, 12/15/2021		385		385
World Financial Network Credit Card Master Trust, Ser 2015-A, Cl A
1.469%, 02/15/2022 (C)		571		572

				1,360


Other Asset-Backed Securities – 1.0%
Ally Master Owner Trust, Ser 2015-3, Cl A
1.630%, 05/15/2020		1,079		1,079
Citi Held For Asset Issuance, Ser 2016-PM1, Cl A
4.650%, 04/15/2025 (B)		206		209
CNH Equipment Trust, Ser 2015-A, Cl A4
1.850%, 04/15/2021		673		674
Dell Equipment Finance Trust, Ser 2015-1, Cl A3
1.300%, 03/23/2020 (B)		16		16
GMF Floorplan Owner Revolving Trust, Ser 2015-1, Cl A1
1.650%, 05/15/2020 (B)		496		496
GMF Floorplan Owner Revolving Trust, Ser 2016-1, Cl A1
1.960%, 05/17/2021 (B)		986		988
Marlette Funding Trust, Ser 2017-2A, Cl A
2.390%, 07/15/2024 (B)		823		823
Marlette Funding Trust, Ser 2016-1A, Cl A
3.060%, 01/17/2023 (B)		238		238
Marlette Funding Trust, Ser 2017-1A, Cl A
2.827%, 03/15/2024 (B)		416		417
SoFi Consumer Loan Program, Ser 2016-2A, Cl A
3.090%, 10/27/2025 (B)		465		469
SoFi Consumer Loan Program, Ser 2016-3, Cl A
3.050%, 12/26/2025 (B)		614		619



Description	Face Amount (Thousands)			Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
SoFi Consumer Loan Program, Ser 2017-2, Cl A
3.280%, 02/25/2026 (B)	$	628		$	626
Volkswagen Credit Auto Master Trust, Ser 2014-1A, Cl A1
1.562%, 07/22/2019 (B)(C)		500			500
Volvo Financial Equipment, Ser 2015-1A, Cl A3
1.510%, 06/17/2019 (B)		651			652
Wells Fargo Dealer Floorplan Master Note Trust, Ser 2014-1, Cl A
1.390%, 07/20/2019 (C)		579			579
Wells Fargo Dealer Floorplan Master Note Trust, Ser 2015-1, Cl A
1.510%, 01/20/2020 (C)		856			857

					9,242


Total Asset-Backed Securities (Cost $26,052) ($ Thousands)					26,156


SOVEREIGN DEBT – 2.0%
Brazil Notas do Tesouro Nacional, Ser F
10.000%, 01/01/2021	BRL	9,690			2,919
10.000%, 01/01/2027		6,200			1,807
Egypt Government International Bond MTN
6.125%, 01/31/2022 (B)	$	291			297
Japan Government CPI Linked
0.100%, 03/10/2027	JPY	469,359			4,388
Japan Treasury Discount Bill
-0.355%, 12/11/2017 (A)(D)		770,000			6,856
Qatar Government International Bond
2.375%, 06/02/2021 (B)	$	1,027			1,002


Total Sovereign Debt (Cost $17,112) ($ Thousands)					17,269


Total Investments – 112.6% (Cost $983,924) ($ Thousands) @				$	990,077


	Shares

COMMON STOCK SOLD SHORT – (12.9)%

Consumer Discretionary – (8.7)%
Adient		(7,146	)	$	(467	)
Adtalem Global Education		(1,547	)		(59	)
Advance Auto Parts		(1,129	)		(132	)
Amazon.com, Cl A *		(6,025	)		(5,832	)
American Axle & Manufacturing Holdings *		(7,300	)		(114	)
American Eagle Outfitters		(1,728	)		(21	)
American Outdoor Brands *		(4,300	)		(95	)
Aramark		(7,548	)		(309	)
Autonation *		(629	)		(27	)
Autozone *		(498	)		(284	)
Bed Bath & Beyond		(2,978	)		(91	)



Description	Shares			Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)
Belmond, Cl A *		(1,878	)	$	(25)
Best Buy		(4,378	)		(251)
Big Lots		(500	)		(24)
Bloomin’ Brands		(3,680	)		(78)
Bob Evans Farms		(450	)		(32)
BorgWarner		(17,224	)		(730)
Boyd Gaming		(4,100	)		(102)
Bright Horizons Family Solutions *		(1,977	)		(153)
Brinker International		(2,177	)		(83)
Brunswick		(5,028	)		(315)
Buffalo Wild Wings *		(677	)		(86)
Burlington Stores *		(1,129	)		(104)
Cabela’s *		(550	)		(33)
CalAtlantic Group		(4,778	)		(169)
Callaway Golf		(6,133	)		(78)
CarMax *		(3,122	)		(197)
Carnival		(13,865	)		(909)
Carter’s		(2,950	)		(262)
Cavco Industries *		(200	)		(26)
Cheesecake Factory		(1,900	)		(96)
Chipotle Mexican Grill, Cl A *		(949	)		(395)
Choice Hotels International		(1,450	)		(93)
Churchill Downs		(600	)		(110)
ClubCorp Holdings		(1,872	)		(25)
Coach		(15,251	)		(722)
Columbia Sportswear		(1,827	)		(106)
Cooper Tire & Rubber		(5,250	)		(190)
Cooper-Standard Holdings *		(1,350	)		(136)
Cracker Barrel Old Country Store		(827	)		(138)
Dana		(11,700	)		(261)
Darden Restaurants		(3,786	)		(342)
Dave & Buster’s Entertainment *		(1,600	)		(106)
Deckers Outdoor *		(1,977	)		(135)
Delphi Automotive		(22,170	)		(1,943)
Dick’s Sporting Goods		(829	)		(33)
Dollar General		(3,890	)		(280)
Dollar Tree *		(3,600	)		(252)
Domino’s Pizza		(1,503	)		(318)
Dorman Products *		(2,100	)		(174)
DR Horton		(18,771	)		(649)
Dunkin’ Brands Group		(2,542	)		(140)
Eldorado Resorts *		(2,666	)		(53)
Ethan Allen Interiors		(900	)		(29)
Expedia		(1,973	)		(294)
Foot Locker, Cl A		(2,578	)		(127)
Ford Motor		(306,733	)		(3,432)
Fossil Group *		(1,350	)		(14)
Fox Factory Holding *		(1,322	)		(47)
GameStop, Cl A		(977	)		(21)
Gap		(3,900	)		(86)
Garmin		(6,700	)		(342)
General Motors		(114,125	)		(3,986)



Description	Shares			Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)
Gentex		(22,478	)	$	(426)
Gentherm *		(2,800	)		(109)
Genuine Parts		(3,078	)		(286)
G-III Apparel Group *		(2,350	)		(59)
Goodyear Tire & Rubber		(20,477	)		(716)
Graham Holdings, Cl B		(111	)		(67)
Grand Canyon Education *		(1,727	)		(135)
H&R Block		(7,300	)		(226)
Hanesbrands		(20,797	)		(482)
Harley-Davidson, Cl A		(13,865	)		(749)
Hasbro		(5,866	)		(654)
Helen of Troy *		(1,500	)		(141)
Hilton Grand Vacations *		(2,750	)		(99)
Hilton Worldwide Holdings		(6,452	)		(399)
Home Depot		(18,638	)		(2,859)
Houghton Mifflin Harcourt *		(2,650	)		(33)
Hyatt Hotels, Cl A *		(800	)		(45)
ILG		(4,900	)		(135)
Installed Building Products *		(678	)		(36)
International Game Technology		(3,700	)		(68)
International Speedway, Cl A		(650	)		(24)
iRobot *		(1,578	)		(133)
J.C. Penney *		(3,978	)		(18)
Jack in the Box		(1,150	)		(113)
Kate Spade *		(6,722	)		(124)
KB Home		(5,400	)		(129)
Kohl’s		(3,077	)		(119)
L Brands		(3,827	)		(206)
La Quinta Holdings *		(1,850	)		(27)
Las Vegas Sands		(12,158	)		(777)
La-Z-Boy, Cl Z		(3,327	)		(108)
LCI Industries		(1,777	)		(182)
Lear		(5,759	)		(818)
Leggett & Platt		(7,650	)		(402)
Lennar, Cl A		(10,505	)		(560)
Liberty Expedia Holdings, Cl A *		(629	)		(34)
Liberty Interactive QVC Group, Cl A *		(7,500	)		(184)
Liberty Ventures, Ser A *		(1,272	)		(67)
Lithia Motors, Cl A		(278	)		(26)
LKQ *		(5,600	)		(185)
Lowe’s		(13,385	)		(1,038)
lululemon athletica *		(5,278	)		(315)
M/I Homes *		(1,128	)		(32)
Macy’s		(5,178	)		(120)
Marriott International, Cl A		(10,772	)		(1,081)
Marriott Vacations Worldwide		(976	)		(115)
Mattel		(18,350	)		(395)
McDonald’s		(26,936	)		(4,126)
MDC Holdings		(2,928	)		(103)
Meritage Homes *		(2,728	)		(115)
MGM Mirage		(15,145	)		(474)
Michael Kors Holdings *		(8,900	)		(323)



Description	Shares			Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)
Michaels *		(1,200	)	$	(22)
Modine Manufacturing *		(2,228	)		(37)
Mohawk Industries *		(3,514	)		(849)
Motorcar Parts of America *		(1,150	)		(32)
Murphy USA *		(400	)		(30)
NetFlix *		(6,079	)		(908)
Newell Brands, Cl B		(25,597	)		(1,373)
Nike, Cl B		(73,284	)		(4,324)
Nordstrom		(2,200	)		(105)
Norwegian Cruise Line Holdings *		(5,600	)		(304)
NVR *		(211	)		(509)
Office Depot		(5,928	)		(33)
O’Reilly Automotive *		(1,546	)		(338)
Oxford Industries, Cl A		(476	)		(30)
Panera Bread, Cl A *		(718	)		(226)
Papa John’s International, Cl A		(1,250	)		(90)
Penn National Gaming *		(2,572	)		(55)
Polaris Industries		(3,306	)		(305)
Pool		(750	)		(88)
Priceline Group *		(757	)		(1,416)
PulteGroup		(17,544	)		(430)
PVH		(4,550	)		(521)
Ralph Lauren, Cl A		(3,350	)		(247)
Ross Stores		(6,500	)		(375)
Royal Caribbean Cruises		(5,599	)		(612)
Sally Beauty Holdings *		(1,228	)		(25)
Scientific Games, Cl A *		(1,278	)		(33)
SeaWorld Entertainment		(1,400	)		(23)
Service International		(6,550	)		(219)
ServiceMaster Global Holdings *		(5,128	)		(201)
Signet Jewelers		(1,250	)		(79)
Six Flags Entertainment		(1,934	)		(115)
Skechers U.S.A., Cl A *		(7,222	)		(213)
Sotheby’s *		(1,622	)		(87)
Standard Motor Products		(1,493	)		(78)
Staples		(10,628	)		(107)
Starbucks		(46,821	)		(2,730)
Steven Madden *		(3,677	)		(147)
Stoneridge *		(1,578	)		(24)
Superior Industries International		(1,128	)		(23)
Target, Cl A		(8,212	)		(429)
Taylor Morrison Home, Cl A *		(2,933	)		(70)
Tempur-Pedic International *		(2,777	)		(148)
Tenneco		(4,750	)		(275)
Tesla Motors *		(10,179	)		(3,681)
Texas Roadhouse, Cl A		(2,550	)		(130)
Thor Industries		(3,786	)		(396)
Tiffany		(1,800	)		(169)
TJX		(10,132	)		(731)
Toll Brothers		(8,959	)		(354)
TopBuild *		(2,500	)		(133)
Tower International		(927	)		(21)



Description	Shares			Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)
Tractor Supply		(2,228	)	$	(121	)
TRI Pointe Group *		(8,628	)		(114	)
TripAdvisor *		(1,822	)		(70	)
Tupperware Brands		(2,877	)		(202	)
Ulta Beauty *		(976	)		(280	)
Under Armour, Cl A *		(7,304	)		(159	)
Under Armour, Cl C *		(10,128	)		(204	)
Universal Electronics *		(400	)		(27	)
Urban Outfitters *		(950	)		(18	)
Vail Resorts		(1,271	)		(258	)
VF		(19,624	)		(1,130	)
Vista Outdoor *		(4,200	)		(95	)
Visteon *		(2,678	)		(273	)
Wendy’s		(7,600	)		(118	)
Whirlpool		(4,106	)		(787	)
Williams-Sonoma		(829	)		(40	)
Winnebago Industries		(2,550	)		(89	)
Wolverine World Wide		(5,500	)		(154	)
Wyndham Worldwide		(4,213	)		(423	)
Wynn Resorts		(2,553	)		(342	)
Yum China Holdings *		(11,412	)		(450	)
Yum! Brands		(11,092	)		(818	)


					(76,432	)


Information Technology – (2.7)%
Advanced Energy Industries *		(427	)		(28	)
Advanced Micro Devices *		(7,922	)		(99	)
Amphenol, Cl A		(4,479	)		(331	)
Analog Devices		(4,337	)		(337	)
Apple		(43,415	)		(6,253	)
Applied Materials		(12,638	)		(522	)
Arista Networks *		(876	)		(131	)
ARRIS International *		(3,250	)		(91	)
Arrow Electronics, Cl A *		(2,328	)		(183	)
Avnet		(2,720	)		(106	)
AVX		(4,693	)		(77	)
Belden		(350	)		(26	)
Broadcom, Cl A		(4,538	)		(1,058	)
Brocade Communications Systems		(10,450	)		(132	)
Cavium *		(800	)		(50	)
CDW		(4,533	)		(283	)
Ciena *		(1,000	)		(25	)
Cirrus Logic *		(550	)		(34	)
Cisco Systems		(57,969	)		(1,814	)
Cognex		(1,229	)		(104	)
Coherent *		(229	)		(51	)
CommScope Holding *		(2,300	)		(87	)
Corning, Cl B		(11,945	)		(359	)
Cray *		(1,172	)		(22	)
Cypress Semiconductor		(2,600	)		(35	)
Diebold		(2,850	)		(80	)



Description	Shares			Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)
Dolby Laboratories, Cl A		(579	)	$	(28	)
Electronics For Imaging *		(1,900	)		(90	)
Entegris *		(1,150	)		(25	)
ePlus *		(1,554	)		(115	)
F5 Networks, Cl A *		(950	)		(121	)
Flir Systems		(950	)		(33	)
Harris		(1,271	)		(139	)
Hewlett Packard Enterprise		(23,624	)		(392	)
HP		(23,500	)		(411	)
II-VI *		(728	)		(25	)
Infinera *		(4,199	)		(45	)
Integrated Device Technology *		(1,050	)		(27	)
Intel		(54,500	)		(1,839	)
InterDigital		(327	)		(25	)
IPG Photonics *		(278	)		(40	)
Jabil Circuit		(3,450	)		(101	)
Juniper Networks		(7,350	)		(205	)
Keysight Technologies *		(3,027	)		(118	)
KLA-Tencor		(2,250	)		(206	)
Lam Research		(1,890	)		(267	)
Littelfuse		(200	)		(33	)
Lumentum Holdings *		(579	)		(33	)
MACOM Technology Solutions Holdings *		(1	)		–
Marvell Technology Group		(5,800	)		(96	)
Maxim Integrated Products		(3,678	)		(165	)
Microchip Technology		(2,827	)		(218	)
Micron Technology *		(12,472	)		(372	)
Microsemi *		(1,728	)		(81	)
MKS Instruments		(476	)		(32	)
Monolithic Power Systems		(300	)		(29	)
Motorola Solutions		(2,300	)		(199	)
National Instruments		(800	)		(32	)
NCR *		(2,850	)		(116	)
NetApp		(6,112	)		(245	)
NETGEAR *		(1,800	)		(78	)
NetScout Systems *		(650	)		(22	)
Nvidia		(6,693	)		(967	)
NXP Semiconductors *		(3,800	)		(416	)
ON Semiconductor *		(6,178	)		(87	)
Palo Alto Networks *		(1,000	)		(134	)
Plexus *		(450	)		(24	)
Pure Storage, Cl A *		(2,200	)		(28	)
Qorvo *		(1,677	)		(106	)
Qualcomm		(16,798	)		(928	)
Sanmina *		(778	)		(30	)
Scansource *		(2,000	)		(81	)
Skyworks Solutions		(2,378	)		(228	)
Stratasys *		(1,278	)		(30	)
Super Micro Computer *		(3,350	)		(83	)
SYNNEX		(1,573	)		(189	)
Tech Data *		(1,827	)		(184	)
Teradyne		(3,277	)		(98	)



Description	Shares			Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)
Texas Instruments		(12,532	)	$	(964	)
Trimble *		(3,600	)		(128	)
Universal Display		(422	)		(46	)
USA Technologies *		(6,028	)		(31	)
VeriFone Holdings *		(3,472	)		(63	)
Versum Materials		(850	)		(28	)
Viasat *		(650	)		(43	)
Viavi Solutions *		(2,450	)		(26	)
Western Digital		(3,946	)		(350	)
Xerox		(5,463	)		(157	)
Xilinx		(3,400	)		(219	)
Zebra Technologies, Cl A *		(950	)		(95	)


					(24,084	)


Materials – (1.5)%
Air Products & Chemicals		(3,786	)		(542	)
AK Steel Holding *		(3,228	)		(21	)
Albemarle		(1,700	)		(179	)
Alcoa		(2,528	)		(82	)
Allegheny Technologies		(1,350	)		(23	)
AptarGroup		(1,200	)		(104	)
Ashland Global Holdings		(1,200	)		(79	)
Avery Dennison		(1,728	)		(153	)
Axalta Coating Systems *		(2,800	)		(90	)
Balchem		(350	)		(27	)
Ball		(5,700	)		(241	)
Bemis		(800	)		(37	)
Berry Plastics Group *		(1,977	)		(113	)
Cabot		(553	)		(30	)
Carpenter Technology		(678	)		(25	)
Celanese, Cl A		(2,000	)		(190	)
CF Industries Holdings		(3,450	)		(96	)
Chemours		(2,878	)		(109	)
Coeur Mining *		(5,226	)		(45	)
Commercial Metals, Cl A		(1,278	)		(25	)
Compass Minerals International, Cl A		(350	)		(23	)
Crown Holdings *		(2,678	)		(160	)
Domtar		(650	)		(25	)
Dow Chemical, Cl A		(19,198	)		(1,211	)
E.I. Du Pont de Nemours		(13,972	)		(1,128	)
Eagle Materials		(927	)		(86	)
Eastman Chemical		(2,600	)		(218	)
Ecolab		(4,799	)		(637	)
FMC		(2,150	)		(157	)
Freeport-McMoRan, Cl B *		(23,730	)		(285	)
Graphic Packaging Holding		(6,100	)		(84	)
H.B. Fuller		(579	)		(30	)
Hecla Mining		(4,350	)		(22	)
Huntsman		(3,786	)		(98	)
Ingevity *		(476	)		(27	)
International Flavors & Fragrances		(1,350	)		(182	)



Description	Shares			Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)
International Paper		(6,778	)	$	(384	)
Louisiana-Pacific *		(1,326	)		(32	)
LyondellBasell Industries, Cl A		(5,119	)		(432	)
Martin Marietta Materials, Cl A		(979	)		(218	)
Minerals Technologies		(350	)		(26	)
Monsanto		(7,092	)		(839	)
Mosaic		(5,528	)		(126	)
NewMarket		(427	)		(197	)
Newmont Mining		(7,889	)		(255	)
Nucor		(4,906	)		(284	)
Olin		(2,250	)		(68	)
Owens-Illinois *		(1,547	)		(37	)
Packaging Corp of America		(1,478	)		(165	)
Platform Specialty Products *		(1,977	)		(25	)
PolyOne		(778	)		(30	)
PPG Industries		(3,999	)		(440	)
Praxair		(4,479	)		(594	)
Reliance Steel & Aluminum		(1,429	)		(104	)
Royal Gold, Cl A		(1,279	)		(100	)
RPM International		(2,228	)		(121	)
Scotts Miracle-Gro, Cl A		(877	)		(78	)
Sealed Air		(3,550	)		(159	)
Sensient Technologies		(1,653	)		(133	)
Sherwin-Williams, Cl A		(1,280	)		(449	)
Silgan Holdings		(900	)		(29	)
Sonoco Products		(2,720	)		(140	)
Southern Copper		(2,200	)		(76	)
Steel Dynamics		(3,678	)		(132	)
Summit Materials, Cl A *		(1,128	)		(33	)
Tahoe Resources		(3,050	)		(26	)
United States Steel		(2,400	)		(53	)
Valvoline		(3,294	)		(78	)
Vulcan Materials		(2,200	)		(279	)
Westlake Chemical		(427	)		(28	)
WestRock		(3,777	)		(214	)
Worthington Industries		(579	)		(29	)
WR Grace		(1,279	)		(92	)


					(13,089	)


Total Common Stock Sold Short (Proceeds $108,390) ($ Thousands)					(113,605	)


Total Investments Sold Short – (12.9)% (Proceeds $108,390) ($ Thousands) #				$	(113,605	)



Description	Contracts		Market Value ($ Thousands)

PURCHASED OPTION – 0.0%
Crude Oil, Expires 11/18/2017, Strike Price $55.00*		66	$	57

Total Purchased Option (Cost $253) ($ Thousands)			$	57

A list of the open futures contracts held by the Fund at June 30, 2017, is as follows:



Type of Contract	Number of Contracts Long (Short)		Expiration Date		Unrealized Appreciation (Depreciation) ($ Thousands)
Coffee**		(32)		Dec-2017		$163
Coffee**		206		Sep-2017		(239)
Coffee Robusta**		(226)		Sep-2017		(293)
Copper**		202		Sep-2017		480
Copper**		(39)		Dec-2017		(5)
Corn**		705		Sep-2017		(388)
Cotton No. 2**		(76)		Dec-2017		176
Crude Oil**		342		Aug-2017		(49)
Crude Oil**		(90)		May-2018		225
Euro-Bobl		(299)		Sep-2017		427
Feeder Cattle**		37		Oct-2017		58
Gold**		158		Aug-2017		75
Gold**		(36)		Dec-2017		103
Heating Oil**		92		Sep-2017		164
ICE Brent Crude**		(17)		May-2018		44
ICE Brent Crude**		(30)		Oct-2017		195
IPE Brent Crude**		328		Aug-2017		(535)
Japanese 10-Year Bond E-MINI		(34)		Sep-2017		5
Lean Hogs**		191		Aug-2017		217
LME Nickel**		(6)		Sep-2017		(21)
LME Primary Aluminum**		220		Sep-2017		116
LME Zinc**		69		Sep-2017		450
MSCI EAFE Index E-MINI		(136)		Sep-2017		121
Natural Gas**		156		Sep-2017		(162)
Natural Gas**		341		Sep-2017		(6)
Palladium**		(35)		Sep-2017		(251)
Platinum**		64		Oct-2017		(44)
RBOB Gasoline**		(56)		Oct-2017		290
RBOB Gasoline**		144		Aug-2017		157
S&P 500 Index E-MINI		(212)		Sep-2017		180
Silver**		96		Sep-2017		(307)
Silver**		27		Dec-2017		(194)
Soybean**		187		Nov-2017		178
Soybean Meal**		121		Dec-2017		33
Soybean Oil**		219		Dec-2017		143
Sugar No. 11**		441		Dec-2017		(942)
Wheat Future (CBT)**		411		Sep-2017		1,405
Wheat Future (KCBT)**		161		Sep-2017		513
U.S. 10-Year Treasury Note		(82)		Sep-2017		18
U.S. 2-Year Treasury Note		(162)		Oct-2017		53
U.S. 5-Year Treasury Note		85		Oct-2017		(37)

						$2,516

A list of the open forward foreign currency contracts held by the Fund at June 30, 2017 is as follows:



Settlement Date		Currency to Deliver (Thousands)			Currency To Receive (Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
07/05/17	USD		2,883	BRL		9,600		$11
07/05/17	USD		528	BRL		1,744		(2)
07/05/17	BRL		11,345	USD		3,429		8
08/02/17	BRL		9,600	USD		2,866		(11)
07/10/17	USD		1,170	AUD		1,540		11
07/10/17	USD		1,360	NZD		1,905		35
07/10/17	NZD		2,126	USD		1,479		(77)
07/10/17	AUD		6,349	USD		4,787		(82)
07/13/17	USD		1,289	EUR		1,145		17
07/13/17	EUR		175	USD		200		1
07/13/17	EUR		1,552	USD		1,666		(105)
07/14/17	USD		1,721	NOK		14,526		13
07/14/17	USD		2,297	SEK		19,955		71
07/14/17	SEK		20,326	USD		2,296		(116)
07/14/17	JPY		1,300,000	USD		11,845		267
07/21/17	GBP		1,897	USD		2,439		(27)
07/27/17	KRW		1,814,144	USD		1,610		25
07/28/17-08/16/17	TWD		97,666	USD		3,238		27
08/16/17	USD		1,137	CNY		7,758		4
08/18/17	USD		1,133	TRY		4,073		7
08/18/17	USD		1,142	MYR		4,871		(12)
08/21/17	USD		2,736	INR		177,017		(13)
08/22/17	INR		176,221	USD		2,714		4
08/24/17	USD		1,726	CAD		2,281		32
08/24/17	CAD		4,390	USD		3,312		(71)
09/20/17	USD		1,648	TWD		49,508		(19)

								$(2)

A list of the counterparties for the outstanding foreign currency contracts held by the Fund at June 30, 2017, is as follows:



Counterparty	Currency to Deliver ($ Thousands)			Currency to Receive ($ Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
Bank of America		$	(5,197)		$5,239		$41
Barclays PLC		(3,384	)		3,312		(71)
Brown Brothers Harriman		(571	)		573		1
Citigroup		(13,090	)		13,091		–
Commerzbank		(1,360	)		1,394		35
Credit Suisse First Boston		(3,448	)		3,493		45
Deutsche Bank		(2,746	)		2,750		5
Goldman Sachs		(13,766	)		13,518		(248)
JPMorgan Chase Bank		(7,900	)		7,960		60
Morgan Stanley		(8,016	)		8,240		225
RBS		(2,688	)		2,601		(88)
UBS		(645	)		638		(7)

							$(2)

A list of open centrally cleared swap agreements held by the Fund at June 30, 2017, are as follows:

A list of the reverse repurchase agreements outstanding as of June 30, 2017 was as follows:


Principal Amount ($ Thousands)			Counterparty			Value ($ Thousands)
$	(2,080	)	JPMorgan Chase	1.15	%	$	(2,080	)
	(38,581	)	JPMorgan Chase	1.03	%		(38,581	)
	(35,325	)	JPMorgan Chase	1.03	%		(35,325	)
	(38,462	)	JPMorgan Chase	0.97	%		(38,462	)
	(18,381	)	JPMorgan Chase	0.88	%		(18,381	)
	(21,408	)	JPMorgan Chase	0.71	%		(21,408	)

						$	(154,237	)

Percentages are based on Net Assets of $879,004 ($ Thousands).

*	Non-income producing security.

**	Security, or a portion thereof, is held by the Inflation Commodity Strategy Subsidiary, Ltd. as of June 30, 2017.

‡	Real Estate Investment Trust.

(A)	The rate reported is the effective yield at the time of purchase.

(B)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On June 30, 2017, the value of these securities amounted to $55,667 ($ Thousands), representing 6.3% of the Net Assets of the Fund.

(C)	Variable Rate Security – The rate reported on the Schedule of Investments is the rate in effect as of June 30, 2017.

(D)	Rate is negative due to the decrease in value of the foreign currency against the U.S. Dollar.

AUD – Australian Dollar

BKBM – Bank Bill Reference Rate

BRL – Brazilian Real

CAD – Canadian Dollar

CBT – Chicago Board of Trade

Cl – Class

CMBX – A series of indices designed to reflect the creditworthiness of commercial mortgage-backed securities.

CMO – Collateralized Mortgage Obligation

CNY – Chinese Yuan

CPI – Consumer Price Index

EAFE – Europe, Australasia and Far East

EUR – Euro

FHLMC – Federal Home Loan Mortgage Corporation

FNMA – Federal National Mortgage Association

GBP – British Pound Sterling

INR – Indian Rupee

IO – Interest Only

JPY – Japanese Yen

LIBOR – London Interbank Offered Rate

KCBT – Kansas City Board of Trade

KRW – Korean Won

MSCI – Morgan Stanley Capital International

MTN – Medium Term Note

MXN – Mexican Peso

MYR – Malaysian Ringgit

NOK – Norwegian Kroner

NZD – New Zealand Dollar

OTC – Over the counter

PLC – Public Limited Company

RBOB – Reformulated Blendstock for Oxygenate Blending (gasoline production)

S&P– Standard & Poor’s

SEK – Swedish Krona

Ser – Series

STIBOR – Stockholm Interbank Offered Rate

TIIE – Tasa de Interés Interbancaria de Equilibrio (Spanish)

TRY – Turkish Lira

TWD – Taiwan Dollar

USD – United States Dollar

@ At June 30, 2017, the tax basis cost of the Fund’s investments was $983,924 ($ Thousands), and the unrealized appreciation and depreciation were $20,837 ($ Thousands) and ($14,684) ($ Thousands), respectively.

# At June 30, 2017, the tax basis proceeds of the Fund’s securities sold short were $108,390 ($ Thousands), and the unrealized appreciation and depreciation were $3,804 ($ Thousands) and $(9,019) ($ Thousands), respectively.

The following is a list of the level of inputs used as of June 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):



Investments in Securities	Level 1		Level 2		Level 3		Total
U.S. Treasury Obligations	$	–	$	588,546	$	–	$	588,546
Common Stock		250,952		–		–		250,952
Corporate Obligations		–		64,784		–		64,784
Mortgage-Backed Securities		–		42,370		–		42,370
Asset-Backed Securities		–		26,156		–		26,156
Sovereign Debt		–		17,269		–		17,269

Total Investments in Securities	$	250,952	$	739,125	$	–	$	990,077


Securities Sold Short	Level 1		Level 2		Level 3		Total
Common Stock	$	(113,605)	$	–	$	–	$	(113,605)

Total Securities Sold Short	$	(113,605)	$	–	$	–	$	(113,605)



Other Financial Instruments	Level 1		Level 2		Level 3		Total
Purchased Option	$	57	$	–	$	–	$	57
Futures Contracts *
Unrealized Appreciation		5,989		–		–		5,989
Unrealized Depreciation		(3,473)		–		–		(3,473)
Forwards Contracts *
Unrealized Appreciation		–		533		–		533
Unrealized Depreciation		–		(535)		–		(535)
OTC Swaps
Credit Default Swaps *
Unrealized Appreciation		–		32		–		32
Unrealized Depreciation		–		(420)		–		(420)
Interest Rate Swap *
Unrealized Depreciation		–		(31)		–		(31)
Centrally Cleared Swaps
Interest Rate Swaps *
Unrealized Appreciation		–		1,058		–		1,058
Unrealized Depreciation		–		(1,263)		–		(1,263)
Reverse Repurchase Agreements		–		(154,237)		–		(154,237)

Total Other Financial Instruments	$	2,573	$	(154,863)	$	–	$	(152,290)

*Futures contracts, forwards contracts and swap contracts are valued at the unrealized appreciation/ (depreciation) on the instrument.

As of June 30, 2017, Multi-Strategy Inflation Managed Fund is the seller (“providing protection”) on a total notional amount of $9.4 million. As of June 30, 2017, Multi-Strategy Inflation Managed Fund is the buyer (“receiving protection”) on a total notional amount of $5.1 million. The notional amounts of the swaps are not recorded in the financial statements. The notional amounts approximate the maximum potential amount of future payments that the Fund could be required to make if the Fund were the seller of protection and a credit event was to occur. Those credit default swaps (“CDS”) for which the Fund is providing protection are summarized as follows:

[1] If Management uses credit ratings to evaluate the credit risk of an underlying asset, it may use such ratings in its disclosure by replacing credit spreads by credit ratings.



Description	Face Amount (Thousands)		Market Value ($ Thousands)

U.S. TREASURY OBLIGATIONS – 53.9%
U.S. Treasury Bills (A)
0.888%, 08/17/2017	$	73,670	$	73,587
0.875%, 08/10/2017		73,350		73,282
0.909%, 08/24/2017		73,827		73,729
U.S. Treasury Inflation Protected Securities
3.875%, 04/15/2029		3,020		4,100
3.625%, 04/15/2028		2,152		2,812
3.375%, 04/15/2032		1,174		1,613
2.500%, 01/15/2029		3,235		3,889
2.375%, 01/15/2025		4,768		5,432
2.375%, 01/15/2027		2,577		2,991
2.125%, 01/15/2019		2,555		2,638
2.125%, 02/15/2040		1,173		1,459
2.125%, 02/15/2041		2,028		2,534
2.000%, 01/15/2026		3,325		3,726
1.875%, 07/15/2019		3,900		4,065
1.750%, 01/15/2028		2,401		2,676
1.375%, 07/15/2018		2,320		2,357
1.375%, 01/15/2020		3,451		3,576
1.375%, 02/15/2044		3,436		3,738
1.250%, 07/15/2020		5,784		6,030
1.125%, 01/15/2021		5,803		6,026
1.000%, 02/15/2046		2,956		2,953
0.875%, 02/15/2047		1,952		1,894
0.750%, 02/15/2042		2,992		2,847
0.750%, 02/15/2045		3,595		3,371
0.625%, 07/15/2021		3,843		3,938
0.625%, 01/15/2024		6,687		6,782
0.625%, 01/15/2026		6,216		6,255
0.625%, 02/15/2043		2,660		2,447
0.375%, 07/15/2023		6,991		7,036
0.375%, 07/15/2025		6,632		6,582
0.375%, 01/15/2027		4,823		4,737
0.250%, 01/15/2025		6,873		6,751
0.125%, 04/15/2019		6,540		6,543
0.125%, 04/15/2020		7,513		7,524
0.125%, 04/15/2021		8,426		8,413
0.125%, 01/15/2022		9,781		9,767
0.125%, 04/15/2022		1,101		1,096
0.125%, 07/15/2022		6,343		6,335
0.125%, 01/15/2023		7,007		6,943
0.125%, 07/15/2024		6,830		6,709
0.125%, 07/15/2026		4,949		4,774


Total U.S. Treasury Obligations (Cost $395,078) ($ Thousands)				393,957


SOVEREIGN DEBT – 21.8%
Japan Treasury Discount Bill -0.120%, 09/04/2017 (B)(C)		JPY 14,307,250		127,353



Description	Face Amount (Thousands)			Market Value ($ Thousands)

SOVEREIGN DEBT (continued)
Japanese Government CPI Linked Bond 0.100%, 03/10/2026		JPY 3,444,135		$	32,011

Total Sovereign Debt (Cost $163,544) ($ Thousands)					159,364


U.S. GOVERNMENT AGENCY OBLIGATION – 4.6%
FHLMC 1.375%, 05/01/2020		33,941			33,715


Total U.S. Government Agency Obligation (Cost $33,773) ($ Thousands)					33,715


Total Investments - 80.3% (Cost $592,395) ($ Thousands) @				$	587,036

		Contracts


PURCHASED OPTIONS – 0.0%
August 2017, BRL Call, USD Put, Expires 08/19/2017, Strike Price $3.30*		1,800,000		$	24
August 2017, BRL Call, USD Put, Expires 08/19/2017, Strike Price $3.21*		3,700,000			17
July 2017, ZAR Call, USD Put, Expires 07/10/2017, Strike Price $13.25*		1,500,000			21
July 2017, ZAR Call, USD Put, Expires 07/22/2017, Strike Price $12.80*		2,200,000			–
SPDR S&P500 ETF Trust, USD Call, Expires 07/22/2017, Strike Price $248.00*		1,207			13


Total Purchased Options (Cost $222) ($ Thousands)				$	75


WRITTEN OPTIONS – 0.0%
August 2017, CAD Call, MXN Put, Expires 08/19/2017 Strike Price $14.68*		(2,500,000	)	$	(5	)
August 2017, USD Call, BRL Put, Expires 08/19/2017 Strike Price $3.57*		(3,700,000	)		(17	)
August 2017, USD Call, BRL Put, Expires 08/19/2017 Strike Price $3.70*		(1,800,000	)		(3	)
July 2017, USD Call, ZAR Put, Expires 07/22/2017



Description	Contracts			Market Value ($ Thousands)

WRITTEN OPTIONS (continued)
Strike Price $14.75*		(1,500,000	)	$	–
July 2017, USD Call, ZAR Put, Expires 07/22/2017
Strike Price $14.71*		(2,200,000	)		–
October 2017, RUB Put, USD Call, Expires 10/21/2017
Strike Price $77.62*		(3,500,000	)		(5	)
SPDR S&P 500 Trust, USD Put, Expires 07/22/2017
Strike Price $228.00*		(1,207	)		(27	)


Total Written Options (Premiums Received $332) ($ Thousands)				$	(57)

A list of the open futures contracts held by the Fund at June 30, 2017, is as follows:



Type of Contract	Number of Contracts Long		Expiration Date		Unrealized Appreciation (Depreciation) ($ Thousands)
Canadian 10-Year Bond		216		Sep-2017		$(647)
S&P TSX 60 Index		40		Sep-2017		(105	)
Long Gilt 10-Year Bond		94		Sep-2017		(238	)
MSCI EAFE Index E-MINI		536		Sep-2017		156
S&P 500 Index E-MINI		506		Sep-2017		(189	)
U.S. 10-Year Treasury Note		368		Sep-2017		(84	)
U.S. 5-Year Treasury Note		304		Sep -2017		(80	)

					$	(1,187	)

A list of the open forward foreign currency contracts held by the Fund at June 30, 2017 is as follows:



Settlement Date		Currency to Deliver (Thousands)			Currency To Receive (Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
07/05/17-09/05/17	USD		2,645	BRL		8,906		$18
07/05/17-07/05/17	USD		2,972	BRL		9,495		(109	)
07/05/17-08/23/17	BRL		16,961	USD		5,147		62
07/05/17-08/22/17	BRL		7,489	USD		2,206		(42	)
09/15/17-09/15/17	ZAR		66,586	USD		5,064		46
07/05/17-09/15/17	ZAR		58,261	USD		4,348		(77	)
07/10/17-07/18/17	EUR		6,946	CZK		185,544		187
07/10/17-07/10/17	CZK		79,990	EUR		3,006		(67	)
07/18/17-07/28/17	USD		2,944	MYR		12,721		13
07/14/17	USD		3,081	MYR		13,142		(24	)
07/14/17	MYR		4,730	USD		1,102		2
07/18/17-08/03/17	MYR		9,515	USD		2,204		(7	)
07/18/17	EUR		1,673	JPY		206,191		(74	)
07/18/17-07/18/17	USD		2,144	PEI		7,072		31
07/18/17	USD		1,097	CLP		738,627		14
07/18/17	USD		1,316	CLP		859,747		(23	)
07/18/17-07/18/17	USD		2,527	NZD		3,632		131
07/18/17-09/08/17	USD		2,816	ARS		46,088		(102	)
07/18/17-07/18/17	USD		1,280	ZAR		17,297		36
07/18/17-09/15/17	USD		1,955	ZAR		25,258		(45	)



Settlement Date		Currency to Deliver (Thousands)			Currency To Receive (Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)

07/18/17	EUR		1,612	TRY		6,607		$26
07/18/17	EUR		1,629	TRY		6,533		(15	)
07/18/17-07/18/17	USD		3,320	SGD		4,593		18
07/18/17-07/18/17	USD		3,429	COP		10,138,700		(119	)
07/18/17-09/15/17	USD		3,863	SEK		33,278		98
07/18/17-09/15/17	USD		3,902	PLN		14,908		118
07/18/17-09/15/17	USD		4,042	AUD		5,407		104
07/18/17-07/18/17	EUR		4,422	NOK		40,999		(151	)
09/15/17	USD		513	RUB		31,225		6
07/18/17-07/18/17	USD		4,006	RUB		232,981		(89	)
07/18/17-09/15/17	EUR		4,953	CHF		5,337		(71	)
07/18/17-07/18/17	USD		3,533	MXN		68,383		233
07/27/17	USD		2,559	MXN		46,168		(19	)
07/18/17-07/26/17	USD		6,260	KRW		7,079,417		(72	)
07/18/17-07/18/17	USD		6,599	HUF		1,880,858		350
07/18/17	PEI		7,072	USD		2,149		(26	)
07/18/17-09/20/17	USD		6,344	TRY		23,196		153
09/15/17	USD		737	TRY		2,648		(2	)
07/18/17-09/15/17	SGD		7,193	USD		5,134		(95	)
07/18/17-09/15/17	USD		7,395	CHF		7,275		218
07/18/17-09/15/17	AUD		7,401	USD		5,514		(159	)
07/18/17-09/15/17	EUR		8,412	USD		9,170		(439	)
07/18/17-09/15/17	GBP		8,501	USD		10,863		(198	)
07/18/17-07/18/17	USD		8,606	INR		560,316		44
07/18/17-09/15/17	NZD		9,004	USD		6,333		(254	)
07/18/17-09/15/17	USD		9,051	NOK		76,802		129
07/18/17-09/15/17	USD		9,144	CNY		63,081		139
07/18/17-09/15/17	USD		8,697	GBP		6,822		179
09/15/17	USD		1,108	GBP		851		–
07/18/17-09/20/17	USD		11,852	TWD		355,455		(163	)
07/18/17-09/15/17	PLN		12,133	USD		3,131		(141	)
07/18/17-07/18/17	USD		3,012	JPY		340,447		21
07/18/17-09/15/17	USD		9,378	JPY		1,039,409		(113	)
09/15/17	CHF		1,054	USD		1,107		–
07/18/17-07/18/17	CHF		15,688	USD		15,829		(576	)
07/18/17-09/15/17	SEK		17,482	USD		1,987		(93	)
07/18/17-09/15/17	CAD		17,725	USD		13,158		(498	)
07/18/17-09/15/17	USD		19,292	EUR		17,621		834
07/18/17	CNH		20,269	USD		2,928		(57	)
07/18/17-09/15/17	USD		20,400	CAD		27,382		703
07/18/17-09/15/17	TRY		30,372	USD		8,302		(218	)
07/18/17-09/15/17	NOK		37,158	USD		4,347		(93	)
07/18/17-07/18/17	CNY		41,617	USD		5,979		(154	)
07/18/17-09/08/17	ARS		46,088	USD		2,778		64
07/18/17-09/15/17	NOK		49,194	EUR		5,188		52
07/18/17-07/27/17	MXN		13,295	USD		734		2
07/18/17-07/18/17	MXN		63,231	USD		3,345		(138	)
07/18/17-09/15/17	RUB		206,622	USD		3,547		95
10/17/17	RUB		59,158	USD		868		(108	)
07/18/17-09/20/17	TWD		355,567	USD		11,760		66
07/18/17-09/15/17	TWD		145,181	USD		4,763		(12	)
07/18/17-07/18/17	INR		411,850	USD		6,376		18
07/18/17	INR		148,466	USD		2,264		(28	)
07/18/17	HUF		812,590	EUR		2,612		(20	)



Settlement Date		Currency to Deliver (Thousands)			Currency To Receive (Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
07/18/17	HUF		1,045,469	USD		3,583		$(279)
07/18/17-09/15/17	JPY		1,460,782	EUR		11,849		516
07/18/17	CLP		1,598,374	USD		2,382		(22)
07/18/17	COP		10,138,700	USD		3,441		131
07/18/17-09/15/17	KRW		7,067,229	USD		6,233		55
07/18/17-09/15/17	KRW		4,183,377	USD		3,645		(13)
09/06/17-09/15/17	JPY		17,958,906	USD		163,126		2,766
07/18/17-09/15/17	JPY		328,469	USD		2,909		(23)
09/15/17	EUR		2,309	SEK		22,443		29
09/15/17-09/15/17	EUR		3,282	HUF		1,010,939		(13)
09/15/17	CZK		26,096	USD		1,108		(39)

							$	2,627

A list of the counterparties for the outstanding forward foreign currency contracts held by the Fund at June 30, 2017, is as follows:

A list of open centrally cleared swap agreements held by the Fund at June 30, 2017, are as follows:



Counterparty	Currency to Deliver ($ Thousands)		Currency to Receive ($ Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
Bank of America		$(20,913)		$21,091		$178
Barclays PLC		(73,655)		74,248		593
BNP Paribas		(23,668)		23,992		324
Brown Brothers Harriman		(98,707)		99,955		1,248
Citigroup		(98,309)		99,066		757
Credit Suisse First Boston		(8,246)		8,194		(52)
Deutsche Bank		(4,466)		4,407		(59)
Goldman Sachs		(13,944)		13,836		(108)
JPMorgan Chase Bank		(40,542)		40,327		(215)
Montgomery/Bank of America		(10,947)		10,956		9
Morgan Stanley		(29,944)		29,340		(604)
Nomura Securities International		(53,456)		54,179		723
RBS		(60,701)		60,737		36
Royal Bank of Canada		(770)		739		(31)
Standard Chartered		(18,754)		18,673		(81)

						$2,627

For the period ended June 30, 2017, the total amount of all open swap agreements, as presented in the tables above, are representative of the volume of activity for this derivative type during the period.

Percentages are based on Net Assets of $730,983 ($ Thousands).

*	Non-income producing security.

(A)	The rate reported is the effective yield at the time of purchase.

(B)	Zero coupon security. The rate shown on the Schedule of Investments is the security’s effective yield at the time of purchase.

(C)	Rate is negative due to the decrease in value of the foreign currency against the U.S. Dollar.

ARS – Argentine Peso

AUD – Australian Dollar

BRL – Brazilian Real

CAD – Canadian Dollar

CHF – Swiss Franc

CLP – Chilean Peso

CNH – Chinese Yuan Offshore

CNY – Chinese Yuan

COP – Colombian Peso

CPI – Consumer Price Index

CZK – Czech Koruna

EAFE – Europe, Australasia and Far East

ETF – Exchange Traded Fund

EUR – Euro

FHLMC – Federal Home Loan Mortgage Corporation

GBP – British Pound Sterling

HUF – Hungarian Forint

INR – Indian Rupee

JPY – Japanese Yen

KRW – Korean Won

MSCI – Morgan Stanley Capital International

MXN – Mexican Peso

MYR – Malaysian Ringgit

NOK – Norwegian Krone

NZD – New Zealand Dollar

PEN – Peruvian Nuevo Sol

PLC – Public Limited Company

PLN – Polish Zloty

RON – Romanian Leu

RUB – Russian Ruble

S&P– Standard & Poor’s

SGD – Singapore Dollar

SEK – Swedish Krona

Ser – Series

SPDR – Standard & Poor’s Depository Receipt

TRY – Turkish Lira

TSX – Toronto Stock Exchange

TWD – Taiwan Dollar

USD – United States Dollar

ZAR – South African Rand

@ At June 30, 2017, the tax basis cost of the Fund’s investments was $592,395 ($ Thousands), and the unrealized appreciation and depreciation were $86 ($ Thousands) and $(5,445) ($ Thousands), respectively.

The following is a list of the levels of inputs used as of June 30, 2017 in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):


Investments in Securities	Level 1			Level 2			Level 3		Total
U.S. Treasury Obligations	$	–		$	393,957		$	–	$	393,957
Sovereign Debt		–			159,364			–		159,364
U.S. Government Agency Obligation		–			33,715			–		33,715

Total Investments in Securities	$	–		$	587,036		$	–	$	587,036


Other Financial Instruments	Level 1			Level 2			Level 3		Total
Purchased Options	$	75		$	–		$	–	$	75
Written Options		(57	)		–			–		(57	)
Futures Contracts *
Unrealized Appreciation		156			–			–		156
Unrealized Depreciation		(1,343	)		–			–		(1,343	)
Forwards Contracts *
Unrealized Appreciation		–			7,707			–		7,707
Unrealized Depreciation		–			(5,080	)		–		(5,080	)
Centrally Cleared Swaps Credit Default Swaps *
Unrealized Appreciation	$	–		$	139		$	–	$	139
Unrealized Depreciation		–			(30	)		–		(30	)
Interest Rate Swaps *
Unrealized Appreciation		–			233			–		233
Unrealized Depreciation		–			(106	)		–		(106	)

Total Other Financial Instruments	$	(1,169)		$	2,863		$	–	$	1,694

*Futures contracts, forwards contracts and swap contracts are valued at the unrealized appreciation/ (depreciation) on the instrument.

As of June 30, 2017, Multi-Asset Capital Stability Fund is the seller (“providing protection”) on a total notional amount of $12.1 million. The notional amounts of the swaps are not recorded in the financial statements. The notional amounts approximate the maximum potential amount of future payments that the Fund could be required to make if the Fund were the seller of protection and a credit event was to occur. Those credit default swaps (“CDS”) for which the Fund is providing protection at the balance sheet date are summarized as follows:

[1] If Management uses credit ratings to evaluate the credit risk of an underlying asset, it may use such ratings in its disclosure by replacing credit spreads by credit ratings.



Description	Face Amount (Thousands)		Market Value ($ Thousands)
COMMERCIAL PAPER (A) — 68.3%
Banks — 15.4%
Australia & New Zealand Banking Group
1.033%, 07/21/2017 (B)	$	1,300	$	1,299
DNB Bank
1.202%, 08/16/2017 (B)		1,300		1,298
Nordea Bank
1.051%, 07/10/2017 (B)		500		500
1.022%, 07/24/2017 (B)		800		799
Toronto-Dominion Holdings USA
1.001%, 07/03/2017 (B)		1,300		1,300


				5,196

Financial — 3.9%
Novartis Finance
1.121%, 07/11/2017 (B)		1,300		1,300

Industrial & Other Commercial Paper — 49.0%
Apple
1.071%, 07/27/2017 (B)		1,111		1,110
Chevron
0.980%, 07/06/2017 (B)		1,300		1,300
Cisco Systems
1.121%, 07/19/2017 (B)		1,300		1,299
Colgate-Palmolive
1.030%, 07/17/2017 (B)		1,300		1,299
Export Development Canada
1.142%, 08/07/2017		1,300		1,298
ExxonMobil
1.020%, 07/05/2017		1,300		1,300
Illinois Tool Works
1.080%, 07/07/2017 (B)		1,300		1,300
PepsiCo
1.050%, 07/07/2017 (B)		1,300		1,300
Royal Dutch Shell
1.052%, 07/28/2017 (B)		1,300		1,299
Total Capital Canada
1.121%, 07/12/2017 (B)		1,300		1,299
Toyota Motor Credit
1.051%, 07/07/2017		1,379		1,379
Unilever Capital
0.902%, 07/05/2017 (B)		1,000		1,000
Wal-Mart Stores
1.101%, 07/13/2017 (B)		1,300		1,299


				16,482


Total Commercial Paper (Cost $22,979) ($ Thousands)				22,978



Description	Face Amount (Thousands)		Market Value ($ Thousands)
U.S. GOVERNMENT AGENCY OBLIGATIONS (A) — 22.6%
FHLB
1.016%, 08/02/2017	$	1,535	$	1,533
1.001%, 07/19/2017		600		600
1.000%, 07/06/2017		800		800
0.996%, 07/14/2017		2,587		2,586
0.900%, 07/05/2017		2,090		2,090


Total U.S. Government Agency Obligations (Cost $7,609) ($ Thousands)				7,609


	Shares
EXCHANGE TRADED FUNDS — 6.4%
iShares iBoxx $ High Yield Corporate Bond Fund		17,816		1,575
iShares iBoxx Investment Grade Corporate Bond Fund		4,902		591


Total Exchange Traded Funds (Cost $2,128) ($ Thousands)				2,166


Total Investments — 97.3% (Cost $32,716) ($ Thousands) @			$	32,753

A list of the open futures contracts held by the Fund at June 30, 2017, is as follows:



Type of Contract	Number of Contracts Long (Short)			Expiration Date		Unrealized Appreciation (Depreciation) ($ Thousands)
MSCI EAFE Index E-MINI		43			Sep-2017		$(16)
MSCI Emerging Markets E-MINI		71			Sep-2017		(24)
NASDAQ 100 Index E-MINI		39			Sep-2017		(183)
S&P Mid Cap 400 Index E-MINI		27			Sep-2017		26
U.S. Dollar Index		(22	)		Sep-2017		31
U.S. Long Treasury Bond		(36	)		Sep-2017		(22)

							$(188)

Percentages are based on Net Assets of $33,654 ($ Thousands).

(A)	The rate reported is the effective yield at the time of purchase.

(B)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On June 30, 2017, the value of these securities amounted to $19,001 ($ Thousands), representing 56.5% of the Net Assets of the Fund.

EAFE — Europe, Australasia and Far East

FHLB — Federal Home Loan Bank

MSCI — Morgan Stanley Capital International

NASDAQ — National Association of Securities Dealers and Automated
Quotations

S&P — Standard & Poor’s

@ At June 30, 2017, the tax basis cost of the Fund’s investments was $32,716 ($ Thousands), and the unrealized appreciation and depreciation were $39 ($ Thousands) and $(2) ($Thousands), respectively.

The following is a list of the level of inputs used as of June 30, 2017 in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3		Total
Commercial Paper	$	–	$	22,978	$	–	$	22,978
U.S. Government Agency Obligations		–		7,609		–		7,609
Exchange Traded Funds		2,166		–		–		2,166

Total Investments in Securities	$	2,166	$	30,587	$	–	$	32,753


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Appreciation	$	57	$	–	$	–	$	57
Unrealized Depreciation		(245)		–		–		(245)

Total Other Financial Instruments	$	(188)	$	–	$	–	$	(188)

*Futures contracts are valued at the unrealized appreciation/ (depreciation) on the instrument.

For the period ended June 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the period ended June 30, 2017, there were no transfers from Level 2 into Level 3 assets and liabilities.

Amounts designated as “–” are $0 or have been rounded to $0.

(a) The Registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Act (17 CFR 270.30a-3(c))), are effective, based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Exchange Act (17 CFR 240.13a-15(b) of 240.15d-15(b)) as amended as of a date within 90 days of the filing date of this report.

(b) There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR 270.30a-3(d)) that occurred during the last fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

(a) A separate certification for each principal executive officer and principal financial officer of the Registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), are filed herewith.

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.


Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 6/30/2017		Dividend Income
SEI Liquidity Fund, L.P.		$ 261,551		$ 186,333		$ (418,259)		$ (2)		$ 5		$ 29,628		$ 309
SEI Daily Income Trust, Government Fund, Class F		149,115		276,001		(277,621)		–		–		147,495		419

Totals		$ 410,666		$ 462,334		$ (695,880)		$ (2)		$ 5		$ 177,123		$ 728


Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales		Change in Unrealized Appreciation (Depreciation)		Value 6/30/2017		Dividend Income
SEI Liquidity Fund, L.P.		$ 49,707		$ 181,296		$ (192,897)		$ (8)		$ 38,098		$ 81
SEI Daily Income Trust, Government Fund, Class F		47,204		262,901		(236,058)		–		74,047		192

Totals		$ 96,911		$ 444,197		$ (428,955)		$ (8)		$ 112,145		$ 273


Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales		Change in Unrealized Appreciation (Depreciation)		Value 6/30/2017		Dividend Income
SEI Liquidity Fund, L.P.		$ 4,044		$ 121,968		$ (107,535)		$ (4)		$ 18,473		$ 19
SEI Daily Income Trust, Government Fund, Class F		62,626		274,900		(280,286)		–		57,240		158

Totals		$ 66,670		$ 396,868		$ (387,821)		$ (4)		$ 75,713		$ 177


Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales		Realized Loss		Change in Unrealized Appreciation (Depreciation)		Value 6/30/2017		Dividend Income
SEI Liquidity Fund, L.P.		$ 111,917		$ 212,913		$ (280,728)		$ (1)		$ (10)		$ 44,091		$ 127
SEI Daily Income Trust, Prime Obligation Fund, CI F		222,382		396,594		(423,514)		–		–		195,462		647

Totals		$ 334,299		$ 609,507		$ (704,242)		$ (1)		$ (10)		$ 239,553		$ 774


Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales		Realized Gain		Change in Unrealized Depreciation		Value 6/30/2017		Dividend Income
SEI Liquidity Fund, L.P.		$ 3,172		$ 21,972		$ (20,613)		$–		$ (1)		$ 4,530		$ 11
SEI Daily Income Trust, Government Fund, CI F		15,141		141,016		(142,540)		–		–		13,617		53

Totals		$ 18,313		$ 162,988		$ (163,153)		$–		$ (1)		$ 18,147		$ 64


SEI Institutional Managed Trust / Quarterly Report / June 30, 2017		1


Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales		Realized Gain		Change in Unrealized Depreciation		Value 6/30/2017		Dividend Income
SEI Daily Income Trust, Government Fund, CI F		$83,471		$141,738		$(200,618)		$ —		$ —		$ 24,591		$ 124

Totals		$83,471		$141,738		$(200,618)		$ —		$ —		$ 24,591		$ 124


Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales		Value 6/30/2017		Dividend Income
SEI Daily Income Trust, Government Fund, Cl F		$34,072		$148,586		$(158,919)		$23,739		$70


Interest Rate Swaps
Counterparty	Fund Pays		Fund Receives		Termination Date		Notional Amount ($Thousands)		Net Unrealized Appreciation (Depreciation) ($Thousands)
Barclays		1.90%		3-Month USD LIBOR		11/30/22		$34,472		$165
BNP Paribas		3-Month USD LIBOR		1.58%		06/13/26		9,520		517
BNP Paribas		3-Month USD LIBOR		1.19%		06/13/21		9,530		(242)
Citigroup		1.60%		3-Month USD LIBOR		06/30/19		3,325		3
Merrill Lynch		1.27%		3-Month USD LIBOR		05/15/23		22,656		958
UBS		1.90%		3-Month USD LIBOR		08/31/22		22,800		78

										$1,479



WRITTEN CREDIT DERIVATIVE CONTRACTS	SINGLE NAME CREDIT DEFAULT SWAPS				CREDIT DEFAULT SWAP INDEX

			SovereignAsset Backed
REFERENCE ASSET	Corporate Debt		Debt		Securities		Corporate Debt		Total
Fair value of written credit derivatives		$-		$-		$-		$425,856		$425,856
Maximum potential amount of future payments		-		-		-		22,060,000		22,060,000
Recourse provisions with third parties to recover any amounts paid under the credit derivative (including any purchased credit protection)[1]		-		-		-		-		-
Collateral held by the Fund can obtain upon occurrence of triggering event		-		-		-		-		-



MAXIMUM POTENTIAL AMOUNT OF FUTURE PAYMENTS BY CONTRACT TERM

	0-6 MONTHS		6-12 MONTHS		1-5 YEARS		5-10 YEARS		> 10 YEARS		Total
Current credit spread* on underlying (in basis points)[1]
0-400		-		-	$	22,060,000		$-		$-	$	22,060,000
> than 400		-		-		-		-		-		-
Total		-		-	$	22,060,000		$-		$-	$	22,060,000


Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 6/30/2017		Dividend Income
SEI Liquidity Fund, L.P.		$629		$801,862		$(739,356)		$–		$(17)		$63,118		$–
SEI Daily Income Trust, Prime Obligation Fund, CI F		28,745		1,137,452		(1,090,126)		–		—		76,071		295

Totals		$32,271		$1,936,476		$(1,829,482)		$-		$(17)		$139,248		$295


Credit Default Swaps
Counterparty	Reference Entity/Obligation	Buy/Sell Protection	(Pays)/Receives Rate	Termination Date		Notional Amount ($ Thousands)			Net Unrealized Appreciation/ (Depreciation) ($ Thousands)
JPMorgan Chase Bank	CDX.NA.HY SERIES 26	SELL	5.00		12/20/21		$(4,600	)		$22
JPMorgan Chase Bank	CDX.NA.HY SERIES 27	SELL	5.00		06/20/22		(8,000	)		(37	)

										$(15	)


	Corporate Obligations		Asset-Backed Securities		Loan Participations		Common Stock		Municipal Bonds		Preferred Stock		Convertible Bonds		Warrants
Balance as of September 30, 2016	$	5,566	$	162,028	$	13,534	$	2,338	$	7,946	$	425	$	432	$	5
Accrued discounts/premiums		44		27		(98)		-		1		-		(2)		-
Realized gain/(loss)		4,883		18,458		(9)		-		-		-		-		-
Change in unrealized appreciation/(depreciation)		(846)		14,469		421		323		2		(176)		(291)		1
Purchases		21		39,100		585		76		-		-		-		-
Sales		(1,541)		(60,525)		(839)		-		-		-		-		-
Transfer into Level 3		17		-		949		-		78		-		-		-
Transfer out of Level 3		-		-		(11,725)		(679)		(4,161)		-		-		-

Ending Balance as of June 30, 2017	$	8,144	$	173,641	$	2,818	$	2,058	$	3,866	$	249	$	139	$	6

Changes in unrealized gains/(losses) included in earnings related to securities still held at reporting date	$	(1,460)	$	15,815	$	289	$	672	$	(7)	$	(176)	$	(41)	$	(7)


			Credit Default Swaps
Counterparty	Reference Entity/ Obligation		Buy/Sell Protection		(Pays)/ Receives Rate		Termination Date		Currency		Notional Amount ($ Thousands)			Net Unrealized Appreciation/ (Depreciation) ($Thousands)
Citigroup		Itraxx.EUR.Xover.25		SELL		5.00		06/20/21		EUR		$(1,000)			$50
Citigroup		Republic Of South Africa		BUY		1.00		12/20/21		USD		1,823			(24	)
Citigroup		Republic Of Turkey		BUY		1.00		06/20/21		USD		514			(16	)
Citigroup		Republic Of Turkey		BUY		1.00		12/20/20		USD		2,654			(130	)
Citigroup		Republic Of Turkey		BUY		1.00		06/20/21		USD		3,117			(124	)
Citigroup		Republic Of Turkey		SELL		1.00		06/20/21		USD		(3,631	)		151
Citigroup		Russia		SELL		1.00		06/20/21		USD		(2,345	)		101
Deutsche Bank		Mexico		BUY		1.00		12/20/21		USD		1,269			(30	)
Deutsche Bank		Republic Of Turkey		BUY		1.00		12/20/21		USD		307			(7	)
Goldman Sachs		Republic Of South Africa		BUY		1.00		06/20/22		USD		1,140			(5	)
JPMorgan Chase Bank		Korea		BUY		1.00		12/20/21		USD		1,402			5
Morgan Stanley		Russia		SELL		1.00		12/20/21		USD		(248	)		3

															$(26	)


WRITTEN CREDIT DERIVATIVE CONTRACTS	SINGLE NAME CREDIT DEFAULT SWAPS					CREDIT DEFAULT SWAP INDEX
REFERENCE ASSET	Corporate Debt		Sovereign Debt			Asset Backed Securities		Corporate Debt		Total
Fair value of written credit derivatives		-	$	(108,043	)		-	$	130,869	$	22,826
Maximum potential amount of future payments		-		6,224,000			-		1,140,550		7,364,550
Recourse provisions with third parties to recover any amounts paid under the credit derivative (including any purchased credit protection)[1]		-		-			-		-		-
Collateral held by the Fund can obtain upon occurrence of triggering event		-		-			-		-		-


	Asset-Backed Securities			Corporate Obligations			Loan Participations			Mortgage-Backed Securities			Common Stock			Convertible Bonds			Warrants
Balance as of September 30, 2016	$	2,560		$	3,447		$	8,156		$	1,777		$	70		$	47		$	14
Accrued discounts/premiums		-			-			(6	)		-						-			-
Realized gain/(loss)		(496	)		-			(213	)		-			-			-			-
Change in unrealized appreciation/depreciation		450			225			149						17			(32	)		(1	)
Purchases		-			3,400			581			2,400			(4	)		-			-
Sales		(58	)		(343	)		(2,046	)		-			-			-			-
Net transfer into Level 3		2,198			4,592			9,749			13,029			-			-			-
Net transfer out of Level 3		(989	)		(166	)		-			(1,777	)		-			-			-
Ending Balance as of June 30, 2017	$	3,665		$	11,155		$	16,370		$	15,429		$	83		$	15		$	13
Changes in unrealized gains/(losses)included in earnings related to securities still held at reporting date	$	(48	)	$	223		$	(193	)	$	(670	)	$	(445	)	$	(32	)	$	(1	)


Assets	Fair Value (in Thousands) at June 30, 2017	Valuation Technique(s)	Range (Weighted Unobservable Input Average)
Asset-Backed Securities	$ 827	Discounted Cash Flow	Credit Spread	330

Corporate Obligations	872	Market Comparables	Credit Spread	358

Loan Participations	–	Market Comparables	Yield Analysis	0.068 - 0.098
	–	Broker Quotes	Broker Quotes	98
	–	Recovery analysis	Recovery rate	1
	–	Yield analysis	Yield	0.078

Total Loan Participations	7,548

Mortgage Related	–	Broker Quotes	Broker Quotes	90.39 - 97.46
	–	Discounted Cash Flow	Credit Spread	260
Total Mortgage Related	8,055

			Perpetuity Growth
Common Stock	83	Weighted Average of Equity Valuations	Equity Value	2,220mm

Convertible Bond	3,163	Broker Quotes	Broker Quotes	92-103.25


Interest Rate Swaps
Broker	Fund Pays	Fund Receives	Termination Date	Notional Amount ($ Thousands)		Net Unrealized Appreciation/ (Depreciation) ($ Thousands)
Citibank	USD/LIBOR/3M/T3750/0.00	1.54%	02/27/19		$13,065		$52
Morgan Stanley	USD/LIBOR/3M	1.96%	10/25/46		710		(91	)
Morgan Stanley	2.63%	3-Month USD–LIBOR	11/10/35		2,970		(61	)
Morgan Stanley	3-Month USD - LIBOR	3.31%	05/06/34		1,510		181
Morgan Stanley	7.09%	MXN/TIIE/4W/MEX06/0.00000	06/14/27		6,572		3
Morgan Stanley	2.29%	USD/LIBOR/3M/T3750/0.00000	04/26/27		5,130		(11	)
Morgan Stanley	2.44%	USD/LIBOR/3M/T3750/0.00000	04/04/27		10,400		(174	)
Morgan Stanley	1.67%	USD/LIBOR/3M/T3750/0.00000	11/09/26		1,490		73
Morgan Stanley	1.66%	USD/LIBOR/3M/T3750/0.00000	11/08/26		1,490		74
Morgan Stanley	1.60%	USD/LIBOR/3M	10/25/26		6,110		339
Morgan Stanley	2.29%	3-Month USD - LIBOR	08/04/25		2,717		(41	)
Morgan Stanley	2.49%	3-Month USD - LIBOR	06/09/25		1,710		(40	)
Morgan Stanley	3-Month USD - LIBOR	2.31%	05/18/25		2,820		(31	)
Morgan Stanley	1.99%	3-Month USD - LIBOR	04/21/25		2,760		32
Morgan Stanley	3-Month USD - LIBOR	2.67%	07/18/24		2,060		94
Morgan Stanley	2.67%	3-Month USD - LIBOR	07/10/24		2,570		(120	)
Morgan Stanley	3-Month USD - LIBOR	2.63%	05/29/24		1,990		69
Morgan Stanley	2.63%	3-Month USD - LIBOR	05/23/24		3,980		(139	)
Morgan Stanley	2.82%	3-Month USD - LIBOR	04/28/24		3,520		(171	)
Morgan Stanley	2.89%	3-Month USD - LIBOR	02/14/24		2,310		(137	)
Morgan Stanley	2.98%	3-Month USD - LIBOR	01/14/24		2,630		(174	)
Morgan Stanley	2.94%	NZD/BKBM/3M	03/31/22		15,540		140
Morgan Stanley	SEK/STIBOR/3M	0.34%	03/31/22		38,480		(3	)
Morgan Stanley	0.10%	JPY/LIBOR/6M	03/31/22		2,214,180		-
Morgan Stanley	USD/LIBOR/3M	1.28%	10/25/21		1,465		(37	)
Morgan Stanley	1.69%	3-Month USD - LIBOR	08/06/20		10,830		(33	)
Morgan Stanley	MXN/TIIE/4W/MEX06	6.77%	06/22/20		18,035		1
Morgan Stanley	3-Month USD - LIBOR	1.57%	04/01/20		5,135		-

							$	(205)


By						/s/ James J. Hoffmayer
						James J. Hoffmayer, Controller & CFO