SCHEDULE OF INVESTMENTS
Core Equity (in thousands)	MARCH 31, 2020 (UNAUDITED)

COMMON STOCKS	Shares		Value
Communication Services
Cable & Satellite – 3.0%
Charter Communications, Inc., Class A(A)		13		$5,695
Comcast Corp., Class A		335		11,525
				17,220
Integrated Telecommunication Services – 1.7%
Verizon Communications, Inc.		177		9,499
Interactive Home Entertainment – 1.6%
Take-Two Interactive Software, Inc.(A)		76		8,999
Interactive Media & Services – 4.1%
Alphabet, Inc., Class A(A)		12		14,008
Facebook, Inc., Class A(A)		54		8,948
				22,956
Movies & Entertainment – 1.2%
Netflix, Inc.(A)		19		6,964
Total Communication Services - 11.6%				65,638
Consumer Discretionary
Auto Parts & Equipment – 0.9%
Aptiv plc		100		4,900
Automotive Retail – 1.5%
AutoZone, Inc.(A)		10		8,865
Footwear – 1.5%
NIKE, Inc., Class B		106		8,763
Home Improvement Retail – 0.8%
Home Depot, Inc. (The)		24		4,517
Internet & Direct Marketing Retail – 3.9%
Amazon.com, Inc.(A)		11		22,034
Total Consumer Discretionary - 8.6%				49,079
Consumer Staples
Food Distributors – 0.4%
Sysco Corp.		52		2,376
Household Products – 1.7%
Procter & Gamble Co. (The)		86		9,506
Hypermarkets & Super Centers – 5.3%
Costco Wholesale Corp.		43		12,329
Wal-Mart Stores, Inc.		158		17,989
				30,318
Total Consumer Staples - 7.4%				42,200
Energy
Oil & Gas Refining & Marketing – 1.2%
Phillips 66		126		6,755
Total Energy - 1.2%				6,755
Financials
Asset Management & Custody Banks – 3.2%
Apollo Global Management LLC		51		1,707
Blackstone Group, Inc. (The), Class A		181		8,264
KKR & Co.		349		8,187
				18,158
Financial Exchanges & Data – 2.0%
S&P Global, Inc.		47		11,531

Insurance Brokers – 2.5%
Aon plc	86	14,138
Investment Banking & Brokerage – 1.9%
Morgan Stanley	314	10,681
Other Diversified Financial Services – 1.5%
Citigroup, Inc.	194	8,190
Property & Casualty Insurance – 2.3%
Progressive Corp. (The)	180	13,262
Total Financials - 13.4%		75,960
Health Care
Health Care Equipment – 4.4%
Danaher Corp.	84	11,611
Zimmer Holdings, Inc.	130	13,094
		24,705
Health Care Services – 1.6%
CVS Caremark Corp.	154	9,126
Managed Health Care – 3.3%
UnitedHealth Group, Inc.	75	18,666
Pharmaceuticals – 3.8%
Eli Lilly and Co.	81	11,274
Zoetis, Inc.	90	10,576
		21,850
Total Health Care - 13.1%		74,347
Industrials
Aerospace & Defense – 3.3%
Lockheed Martin Corp.	56	18,827
Environmental & Facilities Services – 1.5%
Waste Connections, Inc.	112	8,711
Railroads – 2.2%
Union Pacific Corp.	86	12,170
Trading Companies & Distributors – 0.9%
United Rentals, Inc.(A)	48	4,928
Total Industrials - 7.9%		44,636
Information Technology
Communications Equipment – 4.1%
Cisco Systems, Inc.	360	14,142
Motorola Solutions, Inc.	68	9,063
		23,205
Data Processing & Outsourced Services – 6.1%
Fidelity National Information Services, Inc.	92	11,143
Fiserv, Inc.(A)	120	11,379
MasterCard, Inc., Class A	49	11,943
		34,465
Electronic Manufacturing Services – 1.5%
TE Connectivity Ltd.	138	8,682
Semiconductors – 3.4%
Analog Devices, Inc.	118	10,584
Texas Instruments, Inc.	87	8,700
		19,284
Systems Software – 7.6%
Microsoft Corp.	271	42,804
Technology Hardware, Storage & Peripherals – 2.9%
Apple, Inc.	65	16,409
Total Information Technology - 25.6%		144,849

Materials
Specialty Chemicals – 1.6%
Sherwin-Williams Co. (The)	19	8,882
Total Materials - 1.6%		8,882
Real Estate
Health Care REITs – 0.7%
Welltower, Inc.	85	3,906
Total Real Estate - 0.7%		3,906
Utilities
Electric Utilities – 2.3%
NextEra Energy, Inc.	54	12,942
Total Utilities - 2.3%		12,942
TOTAL COMMON STOCKS – 93.4%		$529,194
(Cost: $543,971)
SHORT-TERM SECURITIES
Money Market Funds(B) - 5.0%
State Street Institutional U.S. Government Money Market Fund – Premier Class, 0.310%	28,477	28,477
TOTAL SHORT-TERM SECURITIES – 5.0%		$28,477
(Cost: $28,477)
TOTAL INVESTMENT SECURITIES – 98.4%		$557,671
(Cost: $572,448)
CASH AND OTHER ASSETS, NET OF LIABILITIES – 1.6%		8,952
NET ASSETS – 100.0%		$566,623

Notes to Schedule of Investments

(A) No dividends were paid during the preceding 12 months.

(B) Rate shown is the annualized 7-day yield at March 31, 2020.

Each Portfolio’s investments are reported at fair value. Fair value is defined as the price that each Portfolio would receive upon selling an asset or would pay upon satisfying a liability in an orderly transaction between market participants at the measurement date.

Accounting standards establish a framework for measuring fair value and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the factors that market participants would use in pricing the asset or liability developed based on the best information available in the circumstances.

Reoccurring fair value measurements of Level 3 securities shall include a reconciliation of the beginning to ending balances for reported fair market values. A fair value hierarchy and Level 3 reconciliation, if applicable, have been included in the Notes to Schedule of Investments for each respective Portfolio.

An individual investment’s fair value measurement is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized as follows:

• Level 1 - Observable inputs such as quoted prices, available in active markets, for identical assets or liabilities.

• Level 2 - Significant other observable inputs, which may include, but are not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market corroborated inputs.

• Level 3 - Significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available, which may include assumptions made by the Board or persons acting at their direction that are used in determining the fair market value of investments.

The following table is a summary of the valuation of the Portfolio’s investments by the fair value hierarchy levels as of March 31, 2020:

	Level 1		Level 2		Level 3
Assets
Investments in Securities
Common Stocks	$	529,194	$	—	$	—
Short-Term Securities		28,477		—		—
Total	$	557,671	$	—	$	—

The following acronym is used throughout this schedule:

REIT = Real Estate Investment Trust

For Federal income tax purposes, cost of investments owned at March 31, 2020 and the related unrealized appreciation (depreciation) were as follows:

Cost	$572,448
Gross unrealized appreciation	39,761
Gross unrealized depreciation	(54,538)
Net unrealized depreciation	$(14,777)