Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

1

Shares

Registered

Investment

Companies

(

45.9%

)

Value

Unaffiliated  (0.8%)

11,065

Health

Care

Select

Sector

SPDR

Fund

$

1,272,807

3,593

iShares

Russell

2000

Index

Fund

a

738,577

4,286

ProShares

Ultra

S&P

500

a

382,525

28,258

SPDR

S&P

500

ETF

Trust

10,457,438

4,340

SPDR

S&P

Biotech

ETF

a

663,499

6,780

SPDR

S&P

Oil

&

Gas

Exploration

ETF

a

436,090

16,280

SPDR

S&P

Regional

Banking

ETF

885,144

Total

14,836,080

Affiliated  (45.1%)

4,541,124

Thrivent

Core

Emerging

Markets

Equity

Fund

55,447,130

5,427,302

Thrivent

Core

International

Equity

Fund

52,536,288

7,632,643

Thrivent

Core

Low

Volatility

Equity

Fund

93,728,856

1,681,646

Thrivent

Global

Stock

Fund,

Class

S

45,959,377

1,505,740

Thrivent

High

Yield

Fund,

Class

S

7,046,861

509,303

Thrivent

Income

Fund,

Class

S

5,072,657

12,978,753

Thrivent

International

Allocation

Fund,

Class

S

137,444,992

8,840,280

Thrivent

Large

Cap

Growth

Fund,

Class

S

152,936,847

3,422,664

Thrivent

Large

Cap

Value

Fund,

Class

S

79,303,130

589,557

Thrivent

Limited

Maturity

Bond

Fund,

Class

S

7,516,854

3,067,913

Thrivent

Mid

Cap

Stock

Fund,

Class

S

100,106,011

1,517,457

Thrivent

Small

Cap

Stock

Fund,

Class

S

44,643,585

Total

781,742,588

Total

Registered

Investment

Companies

(cost

$576,724,508)

796,578,668

Shares

Common

Stock

(

43.2%

)

Value

Communications

Services

(1.6%)

1,920

Activision

Blizzard,

Inc.

174,720

1,240

Alphabet,

Inc.,

Class

A

b

2,265,926

1,166

Alphabet,

Inc.,

Class

C

b

2,140,473

4,772

ANGI

Homeservices,

Inc.

b

66,713

9,073

AT&T,

Inc.

259,760

920

Charter

Communications,

Inc.

b

558,955

8,884

Cinemark

Holdings,

Inc.

179,812

65

Cogent

Communications

Holdings

3,702

48,227

Comcast

Corporation

2,390,612

1,229

Consolidated

Communications

Holdings,

Inc.

b

7,503

23,774

Discovery,

Inc.,

Class

A

a,b

984,719

21,200

DISH

Network

Corporation

b

615,224

1,712

EchoStar

Corporation

b

35,849

4,913

Facebook,

Inc.

b

1,269,175

701

Hemisphere

Media

Group,

Inc.

b

7,319

5,455

Interpublic

Group

of

Companies,

Inc.

131,302

29,520

Live

Nation

Entertainment,

Inc.

b

1,961,604

14,785

Match

Group,

Inc.

b

2,067,830

1,416

Meredith

Corporation

31,053

1,876

News Corporation

35,419

2,198

Omnicom

Group,

Inc.

137,111

Shares

Common

Stock

(43.2%)

Value

Communications

Services

(1.6%)

-

continued

40,068

ORBCOMM,

Inc.

b

$

300,109

118,591

QuinStreet,

Inc.

b

2,510,572

8,037

RingCentral,

Inc.

b

2,997,158

1,232

Scholastic

Corporation

31,749

6,533

Take-Two

Interactive

Software,

Inc.

b

1,309,540

4,978

Twitter,

Inc.

b

251,538

5,430

Uber

Technologies,

Inc.

b

276,550

43,895

Verizon

Communications,

Inc.

2,403,251

6,242

Walt

Disney

Company

b

1,049,717

8,065

Zillow

Group,

Inc.

b

1,118,777

Total

27,573,742

Consumer

Discretionary

(5.3%)

1,266

Aaron's

Company,

Inc.

b

21,446

3,919

Adient

plc

b

126,544

1,533

Amazon.com,

Inc.

b

4,915,105

6,359

American

Eagle

Outfitters,

Inc.

144,286

376

American

Public

Education,

Inc.

b

10,821

33,045

Aptiv

plc

4,414,812

1,711

At

Home

Group,

Inc.

b

41,697

2,696

AutoNation,

Inc.

b

192,171

693

AutoZone,

Inc.

b

775,030

268

Bally's

Corporation

14,065

144

Beazer

Homes

USA,

Inc.

b

2,393

1,393

Bed

Bath

&

Beyond,

Inc.

49,215

1,882

BJ's

Restaurants,

Inc.

b

87,965

326

Booking

Holdings,

Inc.

b

633,852

17,792

Bright

Horizons

Family

Solutions,

Inc.

b

2,703,850

843

Brinker

International,

Inc.

49,636

1,191

Brunswick

Corporation

102,974

8,272

Burlington

Stores,

Inc.

b

2,058,901

1,875

Caesars

Entertainment,

Inc.

b

131,981

457

Camping

World

Holdings,

Inc.

15,611

5,704

Carnival

Corporation

106,494

277

Carvana

Company

b

72,350

53

Cavco

Industries,

Inc.

b

9,999

39,728

Cedar

Fair,

LP

1,593,093

981

Century

Casinos,

Inc.

b

6,818

717

Century

Communities,

Inc.

b

33,656

11,389

Chegg,

Inc.

b

1,084,916

18,640

Chewy,

Inc.

b

1,897,925

35,098

Chico's

FAS,

Inc.

77,567

441

Children's

Place,

Inc.

b

32,400

1,537

Chipotle

Mexican

Grill,

Inc.

b

2,274,760

8,232

Choice

Hotels

International,

Inc.

828,468

497

Churchill

Downs,

Inc.

93,163

94,519

Cooper-Standard

Holdings,

Inc.

b

2,883,775

2,240

Cracker

Barrel

Old

Country

Store,

Inc.

303,094

21,661

Crocs,

Inc.

b

1,516,703

3,842

Culp,

Inc.

59,282

9,729

D.R.

Horton,

Inc.

747,187

4,393

Dana,

Inc.

85,048

2,037

Darden

Restaurants,

Inc.

238,105

595

Deckers

Outdoor

Corporation

b

173,728

1,531

Denny's

Corporation

b

24,083

3,598

Designer

Brands,

Inc.

44,075

5,589

Dick's

Sporting

Goods,

Inc.

374,519

868

Dine

Brands

Global,

Inc.

59,684

6,372

Domino's

Pizza,

Inc.

2,362,483

1,453

Dorman

Products,

Inc.

b

131,976

109,961

Duluth

Holdings,

Inc.

a,b

1,371,214

7,571

Emerald

Holding,

Inc.

30,738

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

2

Shares

Common

Stock

(43.2%)

Value

Consumer

Discretionary

(5.3%)

-

continued

1,215

Ethan

Allen

Interiors,

Inc.

$

28,735

6,275

Etsy,

Inc.

b

1,249,290

5,720

Expedia

Group,

Inc.

709,852

4,417

Extended

Stay

America,

Inc.

64,842

15,124

Five

Below,

Inc.

b

2,657,740

3,597

Foot

Locker,

Inc.

157,621

246

Fox

Factory

Holding

Corporation

b

29,431

12,268

Gap,

Inc.

b

248,427

711

Garmin,

Ltd.

81,665

3,939

Gentex

Corporation

130,184

3,592

Genuine

Parts

Company

337,217

16,474

Goodyear

Tire

&

Rubber

Company

173,801

2,237

Grand

Canyon

Education,

Inc.

b

190,011

727

Groupon,

Inc.

b

24,842

5,958

H&R

Block,

Inc.

102,656

17,889

Hanesbrands,

Inc.

273,523

26,337

Harley-Davidson,

Inc.

1,055,850

1,086

Helen

of

Troy,

Ltd.

b

265,255

5,825

Home

Depot,

Inc.

1,577,526

422

Hovnanian

Enterprises,

Inc.

b

21,589

2,024

Jack

in

the

Box,

Inc.

190,539

4,194

KB

Home

174,638

6,850

Knoll,

Inc.

102,476

14,598

Kohl's

Corporation

643,188

4,990

L

Brands,

Inc.

203,392

5,544

Lear

Corporation

835,813

35,943

Leggett

&

Platt,

Inc.

1,473,663

8,557

Lithia

Motors,

Inc.

2,726,945

15,022

Lowe's

Companies,

Inc.

2,506,421

4,541

Lululemon

Athletica,

Inc.

b

1,492,536

1,848

M.D.C.

Holdings,

Inc.

96,133

1,331

Madison

Square

Garden

Sports

Corporation

b

215,476

1,250

Marcus

Corporation

22,000

549

Marriott

International,

Inc.

63,854

385

Marriott

Vacations

Worldwide

Corporation

47,263

11,911

Mattel,

Inc.

b

215,827

3,314

McDonald's

Corporation

688,782

1,430

Meritage

Homes

Corporation

b

114,772

5,462

Michaels

Companies,

Inc.

b

84,661

36,572

Miller

Industries,

Inc.

1,458,491

3,186

Mohawk

Industries,

Inc.

b

457,510

5,813

NIKE,

Inc.

776,559

8,432

Nordstrom,

Inc.

a

298,914

4,690

Norwegian

Cruise

Line

Holdings,

Ltd.

b

106,228

1,093

NVR,

Inc.

b

4,860,003

12,107

Ollie's

Bargain

Outlet

Holdings,

Inc.

b

1,146,896

1,127

Overstock.com,

Inc.

a,b

87,455

20,285

Park

Hotels

&

Resorts,

Inc.

338,354

6,451

Penn

National

Gaming,

Inc.

b

669,098

49,808

Planet

Fitness,

Inc.

b

3,586,176

53,622

Playa

Hotels

and

Resorts

NV

b

285,269

788

Pool

Corporation

279,094

5,860

PulteGroup,

Inc.

254,910

969

Purple

Innovation,

Inc.

b

32,985

524

PVH

Corporation

44,676

34,303

Red

Rock

Resorts,

Inc.

805,434

2,717

RH

b

1,291,553

219

Royal

Caribbean

Cruises,

Ltd.

14,235

5,156

Ruth's

Hospitality

Group,

Inc.

93,788

675

Scientific

Games

Corporation

b

26,473

Shares

Common

Stock

(43.2%)

Value

Consumer

Discretionary

(5.3%)

-

continued

4,001

Six

Flags

Entertainment

Corporation

$

136,834

32,868

Skyline

Corporation

b

1,105,351

13,552

Sleep

Number

Corporation

b

1,460,092

12,990

Sony

Corporation

ADR

1,243,273

4,959

Standard

Motor

Products,

Inc.

194,542

51,388

Stoneridge,

Inc.

b

1,410,601

300

Strategic

Education,

Inc.

26,511

17,986

Taylor

Morrison

Home

Corporation

b

467,276

3,211

Tenneco,

Inc.

b

32,431

1,680

Tesla,

Inc.

b

1,333,130

34,811

Texas

Roadhouse,

Inc.

2,652,946

6,580

Thor

Industries,

Inc.

796,246

9,420

Toll

Brothers,

Inc.

481,362

374

TopBuild

Corporation

b

74,781

6,138

Tri

Pointe

Homes,

Inc.

b

123,988

1,748

Tupperware

Brands

Corporation

b

52,580

6,767

Ulta

Beauty,

Inc.

b

1,893,136

846

Vail

Resorts,

Inc.

225,002

192

Wayfair,

Inc.

b

52,285

635

Whirlpool

Corporation

117,532

326

Williams-Sonoma,

Inc.

42,028

13,316

Wingstop,

Inc.

1,998,066

39

Winmark

Corporation

6,655

1,695

Wyndham

Destinations,

Inc.

74,987

563

YETI

Holdings,

Inc.

b

37,057

2,382

Yum!

Brands,

Inc.

241,749

36,882

Zumiez,

Inc.

b

1,588,877

Total

91,071,513

Consumer

Staples

(1.5%)

333

Beyond

Meat,

Inc.

a,b

59,301

1,458

BJ's

Wholesale

Club

Holdings,

Inc.

b

61,338

137

Boston

Beer

Company,

Inc.

b

125,614

11,568

Casey's

General

Stores,

Inc.

2,168,769

80

Church

&

Dwight

Company,

Inc.

6,754

5,888

Colgate-Palmolive

Company

459,264

2,787

Costco

Wholesale

Corporation

982,223

26,591

Coty,

Inc.

169,385

10,127

Darling

Ingredients,

Inc.

b

627,975

76,127

e.l.f.

Beauty,

Inc.

b

1,656,524

1,772

Edgewell

Personal

Care

Company

59,185

2,550

Flowers

Foods,

Inc.

58,548

37,963

Hain

Celestial

Group,

Inc.

b

1,578,691

141

Herbalife

Nutrition,

Ltd.

b

7,185

1,549

Ingredion,

Inc.

116,903

10,314

John

B.

Sanfilippo

&

Son,

Inc.

829,555

4,126

Kimberly-Clark

Corporation

545,045

32,668

Lamb

Weston

Holdings,

Inc.

2,440,300

326

Lancaster

Colony

Corporation

56,913

2,104

McCormick

&

Company,

Inc.

188,392

317

Medifast,

Inc.

74,390

15,737

Monster

Beverage

Corporation

b

1,366,444

9,757

NewAge,

Inc.

b

29,759

900

Nu

Skin

Enterprises,

Inc.

52,083

583

PepsiCo,

Inc.

79,620

2,508

Performance

Food

Group

Company

b

117,575

10,671

Philip

Morris

International,

Inc.

849,945

154,011

Primo

Water

Corporation

2,379,470

4,609

Procter

&

Gamble

Company

590,920

921

Seneca

Foods

Corporation

b

33,386

897

Spectrum

Brands

Holdings,

Inc.

67,786

5,318

Sprouts

Farmers

Markets,

Inc.

b

120,453

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

3

Shares

Common

Stock

(43.2%)

Value

Consumer

Staples

(1.5%)

-

continued

295

Tootsie

Roll

Industries,

Inc.

a

$

11,676

92,082

Turning

Point

Brands,

Inc.

4,337,062

3,368

US

Foods

Holding

Corporation

b

104,374

790

Utz

Brands,

Inc.

18,628

2,355

Vector

Group,

Ltd.

27,648

19,184

Wal-Mart

Stores,

Inc.

2,695,160

140

WD-40

Company

42,617

Total

25,196,860

Energy

(0.9%)

364

Abraxas

Petroleum

Corporation

b

928

15,734

Antero

Midstream

Corporation

127,445

9,726

Apache

Corporation

138,887

13,141

Archrock,

Inc.

116,561

32,674

BP

plc

ADR

726,016

9,413

Centennial

Resource

Development,

Inc.

b

22,026

8,471

ChampionX

Corporation

b

129,522

11,894

Chevron

Corporation

1,013,369

12,012

Cimarex

Energy

Company

506,666

6,006

Continental

Resources,

Inc.

a

118,258

10,481

Core

Laboratories

NV

345,663

1,908

Delek

US

Holdings,

Inc.

35,794

174,215

Devon

Energy

Corporation

2,867,579

11,834

Diamondback

Energy,

Inc.

670,870

14,868

EnLink

Midstream,

LLC

b

57,837

22,811

Enterprise

Products

Partners,

LP

461,467

5,737

EOG

Resources,

Inc.

292,358

23,125

EQT

Corporation

377,169

15,578

Equitrans

Midstream

Corporation

103,594

628

Evolution

Petroleum

Corporation

1,997

5,844

Exterran

Corporation

b

25,246

9,951

Exxon

Mobil

Corporation

446,203

8,648

Frank's

International

NV

b

24,041

19,832

Gran

Tierra

Energy,

Inc.

b

11,661

18,564

Halliburton

Company

327,283

95,662

Helmerich

&

Payne,

Inc.

2,322,673

9,173

HollyFrontier

Corporation

261,064

3,013

Liberty

Oilfield

Services,

Inc.

36,216

21,981

Marathon

Oil

Corporation

159,142

17,982

Marathon

Petroleum

Corporation

776,103

98,402

Nine

Energy

Service,

Inc.

b

254,861

2,928

Occidental

Petroleum

Corporation

58,736

5,573

Oceaneering

International,

Inc.

b

47,092

14,252

Patterson-UTI

Energy,

Inc.

87,650

6,978

Pioneer

Natural

Resources

Company

843,640

3,018

Plains

GP

Holdings,

LP

b

26,076

4,429

ProPetro

Holding

Corporation

b

35,388

3,785

RPC,

Inc.

b

16,881

4,101

Schlumberger,

Ltd.

91,083

10,451

Southwestern

Energy

Company

b

39,400

23,974

Talos

Energy,

Inc.

b

202,820

5,106

Targa

Resources

Corporation

139,751

11,292

TechnipFMC

plc

120,712

9,707

Valero

Energy

Corporation

547,766

Total

15,015,494

Financials

(6.4%)

124

1st

Source

Corporation

4,879

4,418

AG

Mortgage

Investment

Trust,

Inc.

15,640

48,928

Air

Lease

Corporation

1,939,017

1,477

Alleghany

Corporation

837,237

37,922

Ally

Financial,

Inc.

1,434,968

Shares

Common

Stock

(43.2%)

Value

Financials

(6.4%)

-

continued

1,613

American

Express

Company

$

187,527

16,555

American

Financial

Group,

Inc.

1,558,488

1,278

Ameriprise

Financial,

Inc.

252,878

18,618

Ameris

Bancorp

728,150

1,342

Aon

plc

272,560

9,542

Apollo

Commercial

Real

Estate

Finance,

Inc.

106,680

32,120

Arch

Capital

Group,

Ltd.

b

1,008,889

1,000

Argo

Group

International

Holdings,

Ltd.

40,350

16,916

Arthur

J.

Gallagher

&

Company

1,952,276

4,316

Artisan

Partners

Asset

Management,

Inc.

208,894

24,497

Associated

Banc-Corp

439,476

90,602

Assured

Guaranty,

Ltd.

3,239,022

2,245

Bancorp,

Inc.

b

37,649

73,688

Bank

of

America

Corporation

2,184,849

1,490

Bank

of

Marin

Bancorp

55,339

35,989

Bank

of

N.T.

Butterfield

&

Son,

Ltd.

1,094,425

3,585

BankFinancial

Corporation

30,401

8,404

Banner

Corporation

371,709

3,030

Berkshire

Hathaway,

Inc.

b

690,446

19,919

Berkshire

Hills

Bancorp,

Inc.

330,257

1,293

BlackRock,

Inc.

906,729

1,646

Blackstone

Mortgage

Trust,

Inc.

43,882

52

BM

Technologies,

Inc.

b,c

715

519

BOK

Financial

Corporation

38,333

1,349

Bridge

Bancorp,

Inc.

b

32,956

91,246

Bridgewater

Bancshares,

Inc.

b

1,171,599

3,156

Brighthouse

Financial,

Inc.

b

111,596

14,812

BrightSphere

Investment

Group

271,504

9,136

Brookline

Bancorp,

Inc.

115,022

1,454

Brown

&

Brown,

Inc.

62,653

2,328

Byline

Bancorp,

Inc.

37,411

15,477

Capital

One

Financial

Corporation

1,613,632

565

Cboe

Global

Markets,

Inc.

51,827

9,593

Central

Pacific

Financial

Corporation

190,709

13,575

Charles

Schwab

Corporation

699,656

3,138

Chimera

Investment

Corporation

31,694

12,173

Chubb,

Ltd.

1,773,241

2,269

Cincinnati

Financial

Corporation

190,800

29,395

Citigroup,

Inc.

1,704,616

5,466

Citizens

Financial

Group,

Inc.

199,181

3,005

CME

Group,

Inc.

546,129

63,973

Columbia

Banking

System,

Inc.

2,464,240

9,348

Comerica,

Inc.

534,706

589

Commerce

Bancshares,

Inc.

39,375

10,226

Community

Trust

Bancorp,

Inc.

372,840

908

Cullen/Frost

Bankers,

Inc.

83,754

918

Customers

Bancorp,

Inc.

b

20,398

281

Diamond

Hill

Investment

Group,

Inc.

41,653

9,520

Discover

Financial

Services

795,301

4,774

East

West

Bancorp,

Inc.

286,154

3,120

Ellington

Residential

Mortgage

REIT

37,315

433

Employers

Holdings,

Inc.

13,207

1,541

Enterprise

Financial

Services

Corporation

54,413

45,285

Equitable

Holdings,

Inc.

1,122,162

16,850

Essent

Group,

Ltd.

704,836

20,188

Evercore,

Inc.

2,202,511

243,441

Everi

Holdings,

Inc.

b

3,184,208

28,449

F.N.B.

Corporation

280,507

1,786

FactSet

Research

Systems,

Inc.

539,979

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

4

Shares

Common

Stock

(43.2%)

Value

Financials

(6.4%)

-

continued

1,332

FBL

Financial

Group,

Inc.

$

74,645

403

Federal

Agricultural

Mortgage

Corporation

30,628

6,085

Financial

Institutions,

Inc.

139,286

927

First

American

Financial

Corporation

48,473

12,692

First

Bancorp/Puerto

Rico

115,497

599

First

Bancorp/Southern

Pines

NC

20,402

10,985

First

Busey

Corporation

227,060

16,026

First

Financial

Bancorp

293,596

3,631

First

Financial

Corporation

139,394

3,680

First

Horizon

Corporation

51,115

360

First

Mid-Illinois

Bancshares,

Inc.

12,193

11,559

First

Midwest

Bancorp,

Inc.

191,070

445

First

of

Long

Island

Corporation

7,445

551

First

Republic

Bank

79,889

12,031

Flagstar

Bancorp,

Inc.

515,528

1,696

Flushing

Financial

Corporation

31,003

49,109

Fulton

Financial

Corporation

658,061

16,795

Glacier

Bancorp,

Inc.

783,487

1,751

Goldman

Sachs

Group,

Inc.

474,819

7,355

Granite

Point

Mortgage

Trust,

Inc.

68,549

9,377

Great

Southern

Bancorp,

Inc.

461,067

7,866

Great

Western

Bancorp,

Inc.

188,784

12,788

Hamilton

Lane,

Inc.

963,832

27,169

Hancock

Whitney

Corporation

927,550

7,026

Hanmi

Financial

Corporation

97,099

5,374

Hanover

Insurance

Group,

Inc.

604,414

67,654

Heartland

Financial

USA,

Inc.

2,886,120

128,874

Heritage

Commerce

Corporation

1,131,514

6,670

Hometrust

Bancshares,

Inc.

140,070

41,246

Hope

Bancorp,

Inc.

461,130

7,299

Horizon

Bancorp,

Inc.

115,543

1,204

Houlihan

Lokey,

Inc.

78,079

8,188

Independent

Bank

Corporation

150,332

6,417

Interactive

Brokers

Group,

Inc.

392,656

24,648

J.P.

Morgan

Chase

&

Company

3,171,458

35,517

James

River

Group

Holdings,

Ltd.

1,579,796

3,497

Janus

Henderson

Group

plc

107,568

12,908

Kemper

Corporation

908,078

63,290

KeyCorp

1,067,069

17,586

Kinsale

Capital

Group,

Inc.

3,298,430

8,222

Ladder

Capital

Corporation

80,822

2,502

Lakeland

Bancorp,

Inc.

32,801

4,101

Lincoln

National

Corporation

186,554

3,361

Loews

Corporation

152,220

90

Markel

Corporation

b

87,253

224

MarketAxess

Holdings,

Inc.

121,130

1,387

Marsh

&

McLennan

Companies,

Inc.

152,445

2,961

Mercantile

Bank

Corporation

80,391

12,209

Meridian

Bancorp,

Inc.

184,966

15,699

MetLife,

Inc.

755,907

4,405

Midland

States

Bancorp,

Inc.

81,008

10,725

MidWestOne

Financial

Group,

Inc.

263,728

1,053

Moody's

Corporation

280,372

25,051

Morgan

Stanley

1,679,670

135

Morningstar,

Inc.

31,035

3,449

Mr.

Cooper

Group,

Inc.

b

93,916

4,777

MSCI,

Inc.

1,888,348

91

National

Western

Life

Group,

Inc.

16,380

355

NBT

Bancorp,

Inc.

11,719

18,424

New

York

Community

Bancorp,

Inc.

192,715

5,159

Northern

Trust

Corporation

460,131

Shares

Common

Stock

(43.2%)

Value

Financials

(6.4%)

-

continued

2,254

OFG

Bancorp

$

38,724

2,616

Old

National

Bancorp

43,923

3,442

Old

Second

Bancorp,

Inc.

33,800

15,762

PacWest

Bancorp

475,855

408

Peapack-Gladstone

Financial

Corporation

9,596

1,448

Peoples

Bancorp,

Inc.

44,164

30,164

People's

United

Financial,

Inc.

412,040

20,422

Popular,

Inc.

1,158,949

13,411

Premier

Financial

Corporation

372,289

15,582

Primerica,

Inc.

2,170,728

2,786

PROG

Holdings,

Inc.

131,443

1,223

Prosperity

Bancshares,

Inc.

82,479

7,751

QCR

Holdings,

Inc.

300,584

42,716

Radian

Group,

Inc.

820,147

13,196

Raymond

James

Financial,

Inc.

1,318,676

8,476

Redwood

Trust,

Inc.

72,724

7,969

Reinsurance

Group

of

America,

Inc.

837,143

381

RLI

Corporation

36,873

1,737

S&P

Global,

Inc.

550,629

1,370

Safety

Insurance

Group,

Inc.

100,613

45,368

Santander

Consumer

USA

Holdings,

Inc.

1,002,633

76,516

Seacoast

Banking

Corporation

of

Florida

b

2,329,912

8,632

SEI

Investments

Company

456,201

11,150

Selective

Insurance

Group,

Inc.

724,527

7,748

Signature

Bank

1,279,892

10,940

Simmons

First

National

Corporation

270,218

800

Southside

Bancshares,

Inc.

25,096

9,543

Starwood

Property

Trust,

Inc.

179,027

3,480

Sterling

Bancorp

64,241

2,116

Stifel

Financial

Corporation

109,651

54,835

Synovus

Financial

Corporation

2,039,862

6,390

T.

Rowe

Price

Group,

Inc.

999,907

1,439

Territorial

Bancorp,

Inc.

34,335

9,708

TMX

Group,

Ltd.

936,371

64

Tompkins

Financial

Corporation

4,280

2,499

Torchmark

Corporation

225,885

2,669

Towne

Bank

61,921

6,304

TPG

RE

Finance

Trust,

Inc.

61,590

2,793

TriCo

Bancshares

104,179

53,178

Triumph

Bancorp,

Inc.

b

3,049,227

20,071

Truist

Financial

Corporation

963,007

10,018

TrustCo

Bank

Corporation

62,312

1,362

Trustmark

Corporation

37,414

5,847

Two

Harbors

Investment

Corporation

35,491

10,389

Umpqua

Holdings

Corporation

150,744

8,115

United

Bankshares,

Inc.

256,921

483

Univest

Financial

Corporation

10,843

6,163

Unum

Group

143,166

21,752

Valley

National

Bancorp

222,088

343

Walker

&

Dunlop,

Inc.

28,236

1,652

Washington

Trust

Bancorp,

Inc.

71,994

3,828

Webster

Financial

Corporation

178,959

72,744

Wells

Fargo

&

Company

2,173,591

3,951

WesBanco,

Inc.

114,579

126,108

Western

Alliance

Bancorp

8,598,043

10,174

Western

Asset

Mortgage

Capital

Corporation

30,013

155

Westwood

Holdings

Group,

Inc.

1,835

8,559

Wintrust

Financial

Corporation

515,166

44,618

Zions

Bancorporations

NA

1,969,439

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

5

Shares

Common

Stock

(43.2%)

Value

Financials

(6.4%)

-

continued

2,653

Zurich

Insurance

Group

AG

$

1,060,794

Total

110,714,659

Health

Care

(6.4%)

9,256

Abbott

Laboratories

1,143,949

6,261

AbbVie,

Inc.

641,627

1,675

Acadia

Healthcare

Company,

Inc.

b

84,889

65,696

ACADIA

Pharmaceuticals,

Inc.

b

3,156,693

376

Acceleron

Pharma,

Inc.

b

43,439

5,798

ADMA

Biologics,

Inc.

b

12,872

2,312

Adverum

Biotechnologies,

Inc.

b

28,507

1,528

Agile

Therapeutics,

Inc.

b

4,309

3,604

Akebia

Therapeutics,

Inc.

b

11,677

1,493

Align

Technology,

Inc.

b

784,392

206

Allakos,

Inc.

b

27,466

1,415

Altimmune,

Inc.

b

20,206

2,254

AmerisourceBergen

Corporation

234,867

4,164

Amgen,

Inc.

1,005,315

27,104

AMN

Healthcare

Services,

Inc.

b

1,954,741

2,211

AnaptysBio,

Inc.

b

57,309

4,200

Anthem,

Inc.

1,247,316

175,351

Ardelyx,

Inc.

b

1,190,633

5,879

Arena

Pharmaceuticals,

Inc.

b

436,457

7,506

Argenx

SE

ADR

b

2,199,408

2,358

Arrowhead

Research

Corporation

b

181,967

2,838

Atara

Biotherapeutics,

Inc.

b

52,390

73

Atrion

Corporation

47,557

427

AVROBIO,

Inc.

b

6,110

25,467

Axonics

Modulation

Technologies,

Inc.

b

1,316,644

2,764

Becton,

Dickinson

and

Company

723,588

2,788

Biogen,

Inc.

b

787,917

32,345

Biohaven

Pharmaceutical

Holding

Company,

Ltd.

b

2,756,441

172

Bio-Rad

Laboratories,

Inc.

b

98,688

10,540

Bio-Techne

Corporation

3,424,551

728

BioXcel

Therapeutics,

Inc.

b

33,721

948

Bluebird

Bio,

Inc.

b

42,233

598

Bruker

Corporation

34,618

702

Capricor

Therapeutics,

Inc.

b

4,619

41,905

Catalent,

Inc.

b

4,821,170

11,595

Centene

Corporation

b

699,179

2,278

Cerner

Corporation

182,491

2,771

Charles

River

Laboratories

International,

Inc.

b

717,828

545

Chemed

Corporation

282,256

6,273

Cigna

Holding

Company

1,361,555

2,938

CryoLife,

Inc.

b

70,306

11,143

CVS

Health

Corporation

798,396

2,409

CymaBay

Therapeutics,

Inc.

b

12,888

2,831

CytomX

Therapeutics,

Inc.

b

19,562

1,749

Danaher

Corporation

415,982

397

Deciphera

Pharmaceuticals,

Inc.

b

17,547

6,850

Dexcom,

Inc.

b

2,567,723

1,682

Dynavax

Technologies

Corporation

b

10,613

1,200

Editas

Medicine,

Inc.

b

73,620

11,324

Edwards

Lifesciences

Corporation

b

935,136

4,064

Envista

Holdings

Corporation

b

144,435

40

Fate

Therapeutics,

Inc.

b

3,625

564

Fulcrum

Therapeutics,

Inc.

b

6,238

16,177

GlaxoSmithKline

plc

ADR

602,593

10,894

Global

Blood

Therapeutics,

Inc.

b

546,007

19,160

GoodRx

Holdings,

Inc.

a,b

893,239

Shares

Common

Stock

(43.2%)

Value

Health

Care

(6.4%)

-

continued

31,686

Guardant

Health,

Inc.

b

$

4,927,173

1,746

Haemonetics

Corporation

b

199,550

69,119

Halozyme

Therapeutics,

Inc.

b

3,289,373

6,057

HCA

Healthcare,

Inc.

984,141

2,547

HealthEquity,

Inc.

b

212,802

4,322

Hill-Rom

Holdings,

Inc.

415,085

351

Humana,

Inc.

134,472

18

ICU

Medical,

Inc.

b

3,681

2,033

ImmunoGen,

Inc.

b

14,495

1,425

Immunovant,

Inc.

b

55,618

4,471

Inovio

Pharmaceuticals,

Inc.

b

57,005

1,076

Insmed,

Inc.

b

40,447

10,691

Inspire

Medical

Systems,

Inc.

b

2,154,343

9,008

Insulet

Corporation

b

2,406,757

1,453

Integra

LifeSciences

Holdings

Corporation

b

95,956

969

Intuitive

Surgical,

Inc.

b

724,463

2,510

Invitae

Corporation

b

124,295

5,910

Ionis

Pharmaceuticals,

Inc.

b

355,014

1,481

Iovance

Biotherapeutics,

Inc.

b

64,927

3,426

IQVIA

Holding,

Inc.

b

609,143

8,168

Jazz

Pharmaceuticals,

Inc.

b

1,270,124

25,089

Johnson

&

Johnson

4,092,769

2,770

Kura

Oncology,

Inc.

b

82,962

1,328

Laboratory

Corporation

of

America

Holdings

b

303,992

35,608

LHC

Group,

Inc.

b

7,093,826

1,577

MacroGenics,

Inc.

b

32,234

25,760

Medtronic

plc

2,867,861

26,858

Merck

&

Company,

Inc.

2,069,946

974

Mersana

Therapeutics,

Inc.

b

18,564

2,205

Mesa

Laboratories,

Inc.

611,094

481

Mettler-Toledo

International,

Inc.

b

561,856

154

Mirati

Therapeutics,

Inc.

b

31,621

4,686

Molina

Healthcare,

Inc.

b

1,000,976

1,415

Myovant

Sciences,

Ltd.

b

32,955

21,898

Natera,

Inc.

b

2,335,203

3,569

National

Healthcare

Corporation

228,594

1,220

Neogen

Corporation

b

98,661

18,185

Nevro

Corporation

b

2,942,151

1,437

Novo

Nordisk

AS

ADR

100,015

14,154

NuVasive,

Inc.

b

760,636

1,811

Omnicell,

Inc.

b

213,336

48,444

Optinose,

Inc.

b

192,807

669

Orthifix

Medical,

Inc.

b

27,034

1,423

Owens

&

Minor,

Inc.

41,381

4,604

PerkinElmer,

Inc.

677,110

14,194

PRA

Health

Sciences,

Inc.

b

1,749,269

876

Precigen,

Inc.

b

7,446

13,528

Pulmonx

Corporation

b

767,308

2,674

Quidel

Corporation

b

671,094

1,932

Reata

Pharmaceuticals,

Inc.

b

200,136

8,697

Repligen

Corporation

b

1,739,400

1,709

Replimune

Group,

Inc.

b

66,309

856

Revolution

Medicines,

Inc.

b

36,072

2,451

Sage

Therapeutics,

Inc.

b

197,673

4,325

Sarepta

Therapeutics,

Inc.

b

386,655

141

Seres

Therapeutics,

Inc.

b

3,349

5,674

Sesen

Bio,

Inc.

b

9,703

31,476

Silk

Road

Medical,

Inc.

b

1,716,386

3,804

Spectrum

Pharmaceuticals,

Inc.

b

13,656

3,833

Stryker

Corporation

847,131

554

Surmodics,

Inc.

b

25,207

42,807

Syneos

Health,

Inc.

b

3,182,700

59,807

Tactile

Systems

Technology,

Inc.

b

3,262,472

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

6

Shares

Common

Stock

(43.2%)

Value

Health

Care

(6.4%)

-

continued

603

Teladoc

Health,

Inc.

b

$

159,090

8,184

Teleflex,

Inc.

3,090,524

3,175

Tenet

Healthcare

Corporation

b

150,082

3,058

Thermo

Fisher

Scientific,

Inc.

1,558,663

15,887

Travere

Therapeutics,

Inc.

b

401,147

702

U.S.

Physical

Therapy,

Inc.

84,479

28

Ultragenyx

Pharmaceutical,

Inc.

b

3,881

998

United

Therapeutics

Corporation

b

163,492

3,490

UnitedHealth

Group,

Inc.

1,164,194

1,060

Universal

Health

Services,

Inc.

132,161

2,100

Vaxart,

Inc.

a,b

25,158

39,328

VBI

Vaccines,

Inc.

b

128,209

6,924

Veeva

Systems,

Inc.

b

1,914,071

668

Vertex

Pharmaceuticals,

Inc.

b

153,025

1,272

ViewRay,

Inc.

b

5,648

479

Viking

Therapeutics,

Inc.

b

3,502

708

Waters

Corporation

b

187,386

1,289

West

Pharmaceutical

Services,

Inc.

386,043

2,721

Zimmer

Biomet

Holdings,

Inc.

418,136

14,223

Zoetis,

Inc.

2,193,898

23,811

Zymeworks,

Inc.

b

805,288

Total

111,545,996

Industrials

(7.0%)

8,661

A.O.

Smith

Corporation

470,292

566

Acuity

Brands,

Inc.

68,056

12,101

Advanced

Drainage

Systems,

Inc.

998,090

6,264

AECOM

b

313,826

1,648

Aegion

Corporation

b

30,274

139

Alaska

Air

Group,

Inc.

6,787

4,062

Allegion

plc

434,675

94,679

Altra

Industrial

Motion

Corporation

4,867,447

18,898

American

Airlines

Group,

Inc.

a

324,479

12,892

AMETEK,

Inc.

1,460,148

146,859

Arconic,

Inc.

3,609,794

1,459

Armstrong

World

Industries,

Inc.

114,108

55,345

ASGN,

Inc.

b

4,588,654

10,225

AZZ,

Inc.

486,608

1,841

Boeing

Company

357,504

6,762

Carlisle

Companies,

Inc.

980,017

708

Caterpillar,

Inc.

129,451

12,877

CBIZ,

Inc.

b

333,643

29,842

Chart

Industries,

Inc.

b

3,584,323

1,410

Cintas

Corporation

448,549

66

Copart,

Inc.

b

7,243

1,673

CRA

International,

Inc.

89,020

12,552

Crane

Company

949,935

6,014

CSW

Industrials,

Inc.

700,751

7,585

CSX

Corporation

650,452

1,552

Cummins,

Inc.

363,820

29,266

Curtiss-Wright

Corporation

3,037,518

26,115

Delta

Air

Lines,

Inc.

991,325

1,040

Douglas

Dynamics,

Inc.

42,432

1,935

Dycom

Industries,

Inc.

b

157,006

4,024

Eaton

Corporation

plc

473,625

5,741

EMCOR

Group,

Inc.

506,930

5,922

Emerson

Electric

Company

469,911

11,332

Encore

Wire

Corporation

654,423

1,598

Expeditors

International

of

Washington,

Inc.

143,053

5,704

Fluor

Corporation

98,622

9,494

Forrester

Research,

Inc.

b

376,532

39,384

Forward

Air

Corporation

2,823,439

6,546

Generac

Holdings,

Inc.

b

1,613,065

Shares

Common

Stock

(43.2%)

Value

Industrials

(7.0%)

-

continued

10,777

General

Dynamics

Corporation

$

1,580,770

4,715

Gorman-Rupp

Company

148,522

6,963

Heico

Corporation

819,824

29,656

Helios

Technologies,

Inc.

1,617,735

5,886

Honeywell

International,

Inc.

1,149,948

6,743

Hubbell,

Inc.

1,049,211

824

ICF

International,

Inc.

63,555

14,146

IDEX

Corporation

2,633,844

361

Illinois

Tool

Works,

Inc.

70,110

591

Insperity,

Inc.

46,388

286

JB

Hunt

Transport

Services,

Inc.

38,513

7,372

JetBlue

Airways

Corporation

b

105,714

31,141

Johnson

Controls

International

plc

1,551,445

4,408

Kansas

City

Southern

893,369

636

Kimball

International,

Inc.

7,689

5,263

L3Harris

Technologies,

Inc.

902,657

6,951

Landstar

System,

Inc.

968,969

2,919

Lennox

International,

Inc.

804,155

37,773

Lincoln

Electric

Holdings,

Inc.

4,325,009

2,851

Linde

Public

Limited

Company

699,635

785

Lockheed

Martin

Corporation

252,629

33,058

Manpower,

Inc.

2,923,650

1,312

Masonite

International

Corporation

b

130,544

34,456

Mercury

Systems,

Inc.

b

2,448,443

153,221

Meritor,

Inc.

b

3,954,634

40,934

Middleby

Corporation

b

5,555,562

4,910

MSC

Industrial

Direct

Company,

Inc.

380,869

17,788

NAPCO

Security

Technologies,

Inc.

b

461,065

917

Nordson

Corporation

164,134

512

Norfolk

Southern

Corporation

121,149

2,021

Northrop

Grumman

Corporation

579,239

18,266

Nutrien,

Ltd.

898,139

11,807

Old

Dominion

Freight

Line,

Inc.

2,290,558

6,709

Otis

Worldwide

Corporation

433,737

5,579

Parker-Hannifin

Corporation

1,476,259

2,372

Quad/Graphics,

Inc.

11,101

15,914

Ranpak

Holdings

Corporation

b

275,949

68,055

Raven

Industries,

Inc.

2,196,135

12,339

Raytheon

Technologies

Corporation

823,381

6,670

RBC

Bearings,

Inc.

b

1,116,091

41,906

Regal-Beloit

Corporation

5,258,365

52,438

Ritchie

Brothers

Auctioneers,

Inc.

3,089,123

2,088

Rockwell

Automation,

Inc.

518,931

33,590

Rush

Enterprises,

Inc.

1,410,444

2,356

Ryder

System,

Inc.

147,462

10,981

Saia,

Inc.

b

1,940,892

7,843

Simpson

Manufacturing

Company,

Inc.

721,556

1,303

Snap-On,

Inc.

234,527

29,890

Southwest

Airlines

Company

1,313,367

2,284

Spirit

Airlines,

Inc.

a,b

59,247

444

SPX

FLOW,

Inc.

b

23,519

10,748

Standex

International

Corporation

880,369

76,522

Summit

Materials,

Inc.

b

1,570,997

452

Sunrun,

Inc.

b

31,310

671

Teledyne

Technologies,

Inc.

b

239,554

1,962

Tetra

Tech,

Inc.

238,520

914

Thermon

Group

Holdings,

Inc.

b

13,335

16,107

Timken

Company

1,218,656

34

Toro

Company

3,205

24,197

TransUnion

2,106,107

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

7

Shares

Common

Stock

(43.2%)

Value

Industrials

(7.0%)

-

continued

26,768

Trex

Company,

Inc.

b

$

2,456,499

10,256

TriMas

Corporation

b

324,602

894

UniFirst

Corporation

190,243

3,424

Union

Pacific

Corporation

676,137

2,461

United

Airlines

Holdings,

Inc.

b

98,415

6,982

United

Parcel

Service,

Inc.

1,082,210

25,529

United

Rentals,

Inc.

b

6,203,802

9,665

Valmont

Industries,

Inc.

1,864,572

1,809

Verisk

Analytics,

Inc.

331,952

2,247

Waste

Connections,

Inc.

221,352

2,185

Watsco,

Inc.

521,101

252

Watts

Water

Technologies,

Inc.

30,258

18,440

WESCO

International,

Inc.

b

1,403,468

21,152

Willdan

Group,

Inc.

b

945,283

4,832

XPO

Logistics,

Inc.

b

533,501

2,251

Xylem,

Inc.

217,424

Total

121,846,462

Information

Technology

(9.3%)

4,799

Accenture

plc

1,160,974

2,368

Adobe,

Inc.

b

1,086,367

543

ADTRAN,

Inc.

9,340

18,738

Advanced

Energy

Industries,

Inc.

b

1,922,144

52,238

Agilysys,

Inc.

b

1,921,836

9,993

Akamai

Technologies,

Inc.

b

1,109,523

17,915

Alliance

Data

Systems

Corporation

1,211,950

16,938

Amphenol

Corporation

2,115,217

723

Analog

Devices,

Inc.

106,520

51,788

Anaplan,

Inc.

b

3,454,260

5,133

ANSYS,

Inc.

b

1,818,981

54,240

Apple,

Inc.

7,157,510

1,353

Aspen

Technology,

Inc.

b

181,167

6,712

Atlassian

Corporation

plc

b

1,551,345

15,277

Avalara,

Inc.

b

2,291,550

216

Avnet,

Inc.

7,627

19,580

Axcelis

Technologies,

Inc.

b

670,419

20,648

Bandwidth,

Inc.

b

3,678,235

5,774

Benchmark

Electronics,

Inc.

146,255

63,132

BigCommerce

Holdings,

Inc.

b

5,046,772

33

Bill.com

Holdings,

Inc.

b

4,022

25,349

Blackline,

Inc.

b

3,285,737

1,498

Broadcom,

Ltd.

674,849

3,731

Broadridge

Financial

Solutions,

Inc.

527,228

457

CACI

International,

Inc.

b

110,238

10,524

CDK

Global,

Inc.

525,148

2,925

CDW

Corporation

385,105

1,147

Ceridian

HCM

Holding,

Inc.

b

106,568

95,842

Change

Healthcare,

Inc.

b

2,286,790

37,472

Ciena

Corporation

b

2,000,630

58,175

Cisco

Systems,

Inc.

2,593,441

277

Clearfield,

Inc.

b

8,676

11,307

Cognex

Corporation

928,644

27,412

Computer

Services,

Inc.

1,699,544

2,068

Concentrix

Corporation

b

221,111

8,710

Coupa

Software,

Inc.

b

2,698,968

4,114

Cree,

Inc.

b

415,843

1,474

CTS

Corporation

44,957

17,843

Descartes

Systems

Group,

Inc.

b

1,089,494

10,969

DocuSign,

Inc.

b

2,554,570

44,407

Dolby

Laboratories,

Inc.

3,909,148

638

Domo,

Inc.

b

40,443

31,684

Dropbox,

Inc.

b

717,009

979

DSP

Group,

Inc.

b

15,791

32,062

Elastic

NV

b

4,872,142

Shares

Common

Stock

(43.2%)

Value

Information

Technology

(9.3%)

-

continued

20,764

Endava

plc

ADR

b

$

1,641,602

4,668

Enphase

Energy,

Inc.

b

851,210

3,657

EPAM

Systems,

Inc.

b

1,259,581

3,339

ePlus,

Inc.

b

280,610

22,209

Euronet

Worldwide,

Inc.

b

2,775,237

21,325

Eventbrite,

Inc.

a,b

380,651

1,947

ExlService

Holdings,

Inc.

b

149,296

1,058

eXp

World

Holdings,

Inc.

b

112,772

2,378

F5

Networks,

Inc.

b

465,969

2,065

Fair

Isaac

Corporation

b

929,477

3,904

First

Solar,

Inc.

b

387,082

15,648

Five9,

Inc.

b

2,601,480

35,340

FLIR

Systems,

Inc.

1,839,447

13,431

Global

Payments,

Inc.

2,370,840

2,327

Guidewire

Software,

Inc.

b

267,000

18,873

Health

Catalyst,

Inc.

a,b

937,611

5,073

II-VI,

Inc.

b

426,487

2,546

InterDigital,

Inc.

163,479

1,905

Intuit,

Inc.

688,143

67

IPG

Photonics

Corporation

b

14,970

5,504

Jack

Henry

&

Associates,

Inc.

796,924

2,032

Juniper

Networks,

Inc.

49,621

1,674

Kulicke

and

Soffa

Industries,

Inc.

59,712

2,559

Lam

Research

Corporation

1,238,428

31,323

Lattice

Semiconductor

Corporation

b

1,256,366

6,586

Littelfuse,

Inc.

1,602,835

34,012

Lumentum

Holdings,

Inc.

b

3,190,326

1,214

Manhattan

Associates,

Inc.

b

137,461

122

ManTech

International

Corporation

10,942

5,506

MasterCard,

Inc.

1,741,493

1,895

MAXIMUS,

Inc.

142,239

274

MaxLinear,

Inc.

b

8,601

81,533

Medallia,

Inc.

b

3,383,619

33,673

Microsoft

Corporation

7,810,789

516

MicroStrategy,

Inc.

a,b

318,532

22,405

MKS

Instruments,

Inc.

3,541,558

14,603

Monolithic

Power

Systems,

Inc.

5,188,300

2,736

Motorola

Solutions,

Inc.

458,417

43,645

National

Instruments

Corporation

1,806,903

264

NetApp,

Inc.

17,540

8,596

Nice,

Ltd.

ADR

b

2,245,963

7,435

Nova

Measuring

Instruments,

Ltd.

b

517,699

6,158

Novanta,

Inc.

b

769,257

94,449

Nuance

Communications,

Inc.

b

4,301,207

1,371

NVIDIA

Corporation

712,358

5,347

Okta,

Inc.

b

1,384,926

19,815

Oracle

Corporation

1,197,420

6,946

Palo

Alto

Networks,

Inc.

b

2,436,310

21

Paylocity

Holding

Corporation

b

3,937

3,509

PayPal

Holdings,

Inc.

b

822,194

15,748

Plexus

Corporation

b

1,211,336

466

Progress

Software

Corporation

18,724

11,993

Q2

Holdings,

Inc.

b

1,534,984

3,628

QAD,

Inc.

235,058

6,999

Qorvo,

Inc.

b

1,195,989

10,984

QUALCOMM,

Inc.

1,716,580

9,532

Rogers

Corporation

b

1,487,659

5,179

Sabre

Corporation

55,830

22,984

SailPoint

Technologies

Holdings,

Inc.

b

1,271,245

1,470

Salesforce.com,

Inc.

b

331,573

861

Samsung

Electronics

Company,

Ltd.

GDR

1,581,441

2,415

ScanSource,

Inc.

b

58,419

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

8

Shares

Common

Stock

(43.2%)

Value

Information

Technology

(9.3%)

-

continued

5,389

Semtech

Corporation

b

$

382,350

2,376

ServiceNow,

Inc.

b

1,290,548

816

Shift4

Payments,

Inc.

b

53,048

116

Shopify

Inc.

b

127,436

40,291

Sierra

Wireless,

Inc.

b

745,786

1,152

Silicon

Laboratories,

Inc.

b

151,108

395

Solaredge

Technology,

Ltd.

b

113,890

1,538

Square,

Inc.

b

332,146

51,294

STMicroelectronics

NV

ADR

a

2,049,195

2,068

SYNNEX

Corporation

168,790

2,800

Synopsys,

Inc.

b

715,260

1,406

TE

Connectivity,

Ltd.

169,282

15,145

Texas

Instruments,

Inc.

2,509,375

1,325

Tyler

Technologies,

Inc.

b

560,197

2,792

VeriSign,

Inc.

b

541,843

1,886

ViaSat,

Inc.

b

82,116

3,281

Visa,

Inc.

634,053

2,739

VMware,

Inc.

b

377,571

372

Western

Union

Company

8,284

36,972

Workiva,

Inc.

b

3,603,661

496

Zendesk,

Inc.

b

71,543

901

Zix

Corporation

b

7,343

7,885

Zscaler,

Inc.

b

1,574,635

Total

161,027,207

Materials

(1.7%)

1,913

AdvanSix,

Inc.

b

40,785

321

Air

Products

and

Chemicals,

Inc.

85,630

3,266

AptarGroup,

Inc.

434,280

1,190

Avery

Dennison

Corporation

179,535

27,126

Axalta

Coating

Systems,

Ltd.

b

732,131

136

Balchem

Corporation

14,556

13,053

Ball

Corporation

1,148,925

2,791

Cabot

Corporation

122,553

46,669

Carpenter

Technology

Corporation

1,457,940

1,686

Celanese

Corporation

205,945

27,542

CF

Industries

Holdings,

Inc.

1,139,688

12,741

Chemours

Company

335,598

5,735

Cleveland-Cliffs,

Inc.

87,975

15,373

Coeur

Mining,

Inc.

b

139,126

16,184

Eastman

Chemical

Company

1,591,696

3,324

Ecolab,

Inc.

679,791

116,909

Element

Solutions,

Inc.

1,990,960

6,790

Ferroglobe

Representation

&

Warranty

Insurance

Trust

b,c

1

2,194

FMC

Corporation

237,588

2,588

Ingevity

Corporation

b

170,006

17,597

Innospec,

Inc.

1,544,841

247,678

Ivanhoe

Mines,

Ltd.

b

1,183,431

7,443

Kaiser

Aluminum

Corporation

645,308

4,995

LyondellBasell

Industries

NV

428,371

8,825

Martin

Marietta

Materials,

Inc.

2,536,393

2,224

Materion

Corporation

151,655

3,777

Minerals

Technologies,

Inc.

232,776

6,311

Myers

Industries,

Inc.

126,536

5,533

Neenah,

Inc.

281,740

15,088

Nucor

Corporation

735,238

5,032

O-I

Glass,

Inc.

63,604

9,269

Olin

Corporation

221,622

675

Olympic

Steel,

Inc.

9,214

87

PPG

Industries,

Inc.

11,720

9,970

Quaker

Chemical

Corporation

2,613,436

190

Reliance

Steel

&

Aluminum

Company

22,055

865

RPM

International,

Inc.

71,337

Shares

Common

Stock

(43.2%)

Value

Materials

(1.7%)

-

continued

3,838

Ryerson

Holding

Corporation

b

$

47,361

769

Scotts

Miracle-Gro

Company

170,264

763

Sealed

Air

Corporation

32,252

5,731

Sensient

Technologies

Corporation

404,207

844

Sherwin-Williams

Company

583,879

26,079

Steel

Dynamics,

Inc.

893,727

31,436

UFP

Technologies,

Inc.

b

1,446,370

15,406

United

States

Lime

&

Minerals,

Inc.

1,864,126

1,856

United

States

Steel

Corporation

32,963

31,286

W.

R.

Grace

&

Company

1,815,214

1,441

Worthington

Industries,

Inc.

75,422

Total

29,039,771

Real

Estate

(2.4%)

29,947

Agree

Realty

Corporation

1,892,650

3,556

Alexandria

Real

Estate

Equities,

Inc.

594,243

62,764

American

Campus

Communities,

Inc.

2,583,366

679

American

Tower

Corporation

154,378

1,740

Apartment

Income

REIT

Corporation

b

67,460

2,876

Armada

Hoffler

Properties,

Inc.

30,917

3,196

AvalonBay

Communities,

Inc.

523,089

382

Bluegreen

Vacations

Holding

Corporations

b

5,000

71

Bluerock

Residential

Growth

REIT,

Inc.

743

21,392

Camden

Property

Trust

2,185,193

14,166

CareTrust

REIT,

Inc.

318,168

40,395

CBRE

Group,

Inc.

b

2,463,287

2,951

Cedar

Realty

Trust,

Inc.

31,487

876

Centerspace

61,267

20,012

Colliers

International

Group,

Inc.

1,768,260

1,118

Colony

Credit

Real

Estate,

Inc.

8,832

8,234

Columbia

Property

Trust,

Inc.

111,982

2,236

Community

Healthcare

Trust,

Inc.

99,994

1,321

Corepoint

Lodging,

Inc.

8,996

2,674

CoStar

Group,

Inc.

b

2,405,825

81,004

Cushman

and

Wakefield

plc

b

1,160,787

4,088

Digital

Realty

Trust,

Inc.

588,468

22,109

Douglas

Emmett,

Inc.

612,640

18,081

Duke

Realty

Corporation

715,284

3,722

EastGroup

Properties,

Inc.

502,991

7,777

EPR

Properties

308,280

5,517

Equity

Lifestyle

Properties,

Inc.

335,654

32,252

Essential

Properties

Realty

Trust,

Inc.

671,487

970

Essex

Property

Trust,

Inc.

232,422

2,182

Farmland

Partners,

Inc.

22,496

2,188

Federal

Realty

Investment

Trust

191,581

26,778

First

Industrial

Realty

Trust,

Inc.

1,088,258

8,806

FirstService

Corporation

1,205,101

25,591

Four

Corners

Property

Trust,

Inc.

674,579

3,638

Gaming

and

Leisure

Properties,

Inc.

149,631

4,020

Getty

Realty

Corporation

106,811

2,110

Gladstone

Commercial

Corporation

37,368

3,140

Gladstone

Land

Corporation

49,424

2,077

Global

Medical

REIT,

Inc.

26,046

26,234

Healthcare

Realty

Trust,

Inc.

787,282

7,685

Healthcare

Trust

of

America,

Inc.

217,101

778

Highwoods

Properties,

Inc.

29,167

76,401

Host

Hotels

&

Resorts,

Inc.

1,035,234

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

9

Shares

Common

Stock

(43.2%)

Value

Real

Estate

(2.4%)

-

continued

4,121

Hudson

Pacific

Properties,

Inc.

$

96,596

26,997

Independence

Realty

Trust,

Inc.

358,520

8,842

Industrial

Logistics

Properties

Trust

187,539

3,447

Innovative

Industrial

Properties,

Inc.

645,003

2,431

Iron

Mountain,

Inc.

81,852

3,099

Jones

Lang

LaSalle,

Inc.

b

453,105

19,197

Kilroy

Realty

Corporation

1,087,126

611

Lamar

Advertising

Company

49,357

3,140

Lexington

Realty

Trust

32,185

5,005

Life

Storage,

Inc.

408,308

24,797

Medical

Properties

Trust,

Inc.

523,465

495

National

Health

Investors,

Inc.

32,096

13,306

National

Retail

Properties,

Inc.

518,934

55,724

National

Storage

Affiliates

Trust

2,036,155

15,879

New

Residential

Investment

Corporation

149,104

4,264

New

Senior

Investment

Group,

Inc.

22,599

13,199

NexPoint

Residential

Trust,

Inc.

520,965

6,861

Omega

Healthcare

Investors,

Inc.

248,505

2,383

One

Liberty

Properties,

Inc.

47,755

1,112

Plymouth

Industrial

REIT,

Inc.

16,280

188

PotlatchDeltic

Corporation

8,979

3,150

Preferred

Apartment

Communities,

Inc.

22,649

2,883

Public

Storage,

Inc.

656,229

23,020

Rayonier,

Inc.

REIT

707,865

9,273

Realty

Income

Corporation

547,663

1,553

Redfin

Corporation

b

110,589

36,953

Rexford

Industrial

Realty,

Inc.

1,808,480

225

RMR

Group,

Inc.

8,298

18,866

Sabra

Health

Care

REIT,

Inc.

316,760

3,739

SBA

Communications

Corporation

1,004,557

58,069

Service

Properties

Trust

616,112

4,472

SL

Green

Realty

Corporation

301,771

6,127

Spirit

Realty

Capital,

Inc.

236,257

8,631

STAG

Industrial,

Inc.

257,204

5,907

Store

Capital

Corporation

183,235

155,074

Sunstone

Hotel

Investors,

Inc.

1,659,292

5,969

UDR,

Inc.

229,508

1,993

UMH

Properties,

Inc.

29,297

6,470

Uniti

Group,

Inc.

79,646

82

Universal

Health

Realty

Income

Trust

4,894

2,188

WP

Carey,

Inc.

145,283

Total

42,513,246

Utilities

(0.7%)

8,747

AES

Corporation

213,339

2,516

ALLETE,

Inc.

158,105

14,409

Alliant

Energy

Corporation

700,998

2,622

American

Electric

Power

Company,

Inc.

212,146

593

American

States

Water

Company

45,815

45

American

Water

Works

Company,

Inc.

7,156

2,355

Artesian

Resources

Corporation

96,272

2,837

Black

Hills

Corporation

167,723

35,936

CenterPoint

Energy,

Inc.

757,890

291

Chesapeake

Utilities

Corporation

29,516

12,168

CMS

Energy

Corporation

692,116

2,120

Consolidated

Water

Company,

Ltd.

26,860

580

Dominion

Energy,

Inc.

42,276

1,846

DTE

Energy

Company

219,157

Shares

Common

Stock

(43.2%)

Value

Utilities

(0.7%)

-

continued

11,662

Duke

Energy

Corporation

$

1,096,228

16,362

Entergy

Corporation

1,559,790

1,345

Essential

Utilities,

Inc.

62,274

4,041

Evergy,

Inc.

217,123

12,502

Exelon

Corporation

519,583

7,433

FirstEnergy

Corporation

228,639

3,528

Hawaiian

Electric

Industries,

Inc.

116,636

1,100

IDACORP,

Inc.

97,130

3,040

MDU

Resources

Group,

Inc.

79,922

271

Middlesex

Water

Company

21,572

1,366

National

Fuel

Gas

Company

54,995

4,378

New

Jersey

Resources

Corporation

153,274

174

NiSource,

Inc.

3,854

1,261

Northwest

Natural

Holding

Company

58,901

12,650

NorthWestern

Corporation

689,046

4,704

NRG

Energy,

Inc.

194,793

18,394

OGE

Energy

Corporation

561,385

1,305

Otter

Tail

Corporation

51,795

458

Pinnacle

West

Capital

Corporation

34,465

26,184

Portland

General

Electric

Company

1,107,321

2,274

Southwest

Gas

Holdings,

Inc.

136,349

19,337

Spire,

Inc.

1,183,231

11,354

UGI

Corporation

408,630

1,102

Unitil

Corporation

44,929

2,582

WEC

Energy

Group,

Inc.

229,540

Total

12,280,774

Total

Common

Stock

(cost

$539,735,841)

747,825,724

Principal

Amount

Long-Term

Fixed

Income

(

3.7%

)

Value

Asset-Backed

Securities

(<0.1%)

Cent

CLO,

LP

$

25,000

2.518%, 

(LIBOR

3M

+

2.300%),

10/25/2028,

Ser.

2018-27A,

Class

B

d,e

25,013

MRA

Issuance

Trust

125,000

1.477%, 

(LIBOR

1M

+

1.350%),

7/15/2021,

Ser.

2020-12,

Class

A1X

d,e

124,996

Total

150,009

Collateralized

Mortgage

Obligations

(<0.1%)

MASTR

Alternative

Loans

Trust

26,067

0.580%, 

(LIBOR

1M

+

0.450%),

12/25/2035,

Ser.

2005-6,

Class

2A1

e

3,971

Sequoia

Mortgage

Trust

42,495

3.116%, 

9/20/2046,

Ser.

2007-1,

Class

4A1

e

33,136

WaMu

Mortgage

Pass

Through

Certificates

21,968

3.014%, 

9/25/2036,

Ser.

2006-AR10,

Class

1A2

e

21,267

32,936

3.037%, 

10/25/2036,

Ser.

2006-AR12,

Class

1A1

e

32,708

Total

91,082

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

10

Principal

Amount

Long-Term

Fixed

Income

(3.7%)

Value

Mortgage-Backed

Securities

(1.5%)

Federal

Home

Loan

Mortgage

Corporation

Conventional

30-Yr.

Pass

Through

$

1,007,966

3.000%, 

3/25/2050

$

1,061,681

310,684

3.000%, 

4/1/2050

327,231

352,765

3.500%, 

7/1/2047

376,960

Federal

National

Mortgage

Association

342,125

4.500%, 

5/1/2048

372,691

472,522

3.500%, 

10/1/2048

501,923

532,363

3.500%, 

8/1/2049

566,216

Federal

National

Mortgage

Association

Conventional

15-Yr.

Pass

Through

4,136,000

2.000%, 

3/1/2035

f

4,314,959

2,000,000

2.000%, 

2/1/2036

f

2,089,609

2,059,000

1.500%, 

3/1/2036

f

2,107,473

Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through

3,425,000

2.000%, 

2/1/2051

f,g

3,536,848

2,500,000

2.500%, 

2/1/2051

f

2,634,277

975,000

1.500%, 

3/1/2051

f

978,199

2,450,000

2.000%, 

3/1/2051

f,g

2,525,606

3,300,000

2.500%, 

3/1/2051

f

3,471,316

1,014,784

4.000%, 

7/1/2048

1,088,580

Total

25,953,569

U.S.

Government

&

Agencies

(2.2%)

U.S.

Treasury

Bonds

2,000,000

1.625%, 

11/15/2050

1,901,250

1,490,000

2.250%, 

11/15/2027

1,640,397

4,500,000

2.875%, 

5/15/2028

5,164,277

190,000

5.250%, 

11/15/2028

253,361

3,240,000

1.375%, 

11/15/2040

3,087,113

2,291,000

2.500%, 

5/15/2046

2,629,280

U.S.

Treasury

Notes

9,000,000

0.125%, 

12/31/2022

9,001,758

960,000

2.250%, 

11/15/2024

1,031,400

1,930,000

2.125%, 

11/30/2024

2,065,552

540,000

2.625%, 

1/31/2026

598,514

8,570,000

2.500%, 

2/28/2026

9,452,777

Total

36,825,679

Total

Long-Term

Fixed

Income

(cost

$60,471,638)

63,020,339

Shares

Collateral

Held

for

Securities

Loaned

(

0.5%

)

Value

8,572,640

Thrivent

Cash

Management

Trust

8,572,640

Total

Collateral

Held

for

Securities

Loaned

(cost

$8,572,640)

8,572,640

Shares

or

Principal

Amount

Short-Term

Investments

(

8.8%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

900,000

0.075%,

2/10/2021

h,i

$

899,991

5,900,000

0.080%,

3/17/2021

h,i

5,899,639

4,300,000

0.054%,

3/23/2021

h,i

4,299,701

11,400,000

0.055%,

3/30/2021

h,i

11,399,098

5,900,000

0.085%,

4/7/2021

h,i

5,899,254

5,900,000

0.085%,

4/8/2021

h,i

5,899,243

3,400,000

0.080%,

4/14/2021

h,i

3,399,524

900,000

0.080%,

4/21/2021

h,i

899,862

9,500,000

0.040%,

5/4/2021

h,i

9,498,301

Thrivent

Core

Short-Term

Reserve

Fund

10,492,816

0.200%

104,928,165

Total

Short-Term

Investments

(cost

$152,950,159)

153,022,778

Contracts

Options

Purchased

(

<0.1%

)

Value

Put

on

10-Yr.

U.S.

Treasury

Bond

Futures

21

$136.50,

expires

2/19/2021

4,922

Put

on

30-Yr.

U.S.

Treasury

Bond

Futures

20

$168.00,

expires

2/19/2021

20,313

Total

Options

Purchased

(cost

$24,957)

25,235

Total

Investments

(cost

$1,338,479,743)

102.1%

$1,769,045,384

Other

Assets

and

Liabilities,

Net

(2.1%)

(35,732,081)

Total

Net

Assets

100.0%

$1,733,313,303

a

All

or

a

portion

of

the

security

is

on

loan.

b

Non-income

producing

security.

c

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

d

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

January

29,

2021,

the

value

of

these

investments

was

$150,009

or

0.0%

of

total

net

assets.

e

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

January

29,

2021.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

f

Denotes

investments

purchased

on

a

when-issued

or

delayed

delivery

basis.

g

All

or

a

portion

of

the

security

was

earmarked

to

cover

written

options.

h

The

interest

rate

shown

reflects

the

yield,

coupon

rate

or

the

discount

rate

at

the

date

of

purchase.

i

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

11

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Aggressive

Allocation

Fund

as

of

January

29,

2021:

Securities

Lending

Transactions

Common

Stock

$

8,271,533

Total

lending

$8,271,533

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$8,572,640

Net

amounts

due

to

counterparty

$301,107

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

CLO

-

Collateralized

Loan

Obligation

ETF

-

Exchange

Traded

Fund

FNMA

-

Federal

National

Mortgage

Association

GDR

-

Global

Depository

Receipts,

which

are

certificates

for

shares

of

an

underlying

foreign

security’s

shares

held

by

an

issuing

depository

bank

from

more

than

one

country.

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

Ser.

-

Series

SPDR

-

S&P

Depository

Receipts,

which

are

exchange-traded

funds

traded

in

the

U.S.,

Europe,

and

Asia-Pacific

and

managed

by

State

Street

Global

Advisors.

Reference

Rate

Index:

LIBOR

1M

-

ICE

Libor

USD

Rate

1

Month

LIBOR

3M

-

ICE

Libor

USD

Rate

3

Month

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

12

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

January

29,

2021,

in

valuing

Aggressive

Allocation

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

27,573,742

27,573,742

–

–

Consumer

Discretionary

91,071,513

91,071,513

–

–

Consumer

Staples

25,196,860

25,196,860

–

–

Energy

15,015,494

15,015,494

–

–

Financials

110,714,659

108,716,779

1,997,165

715

Health

Care

111,545,996

111,545,996

–

–

Industrials

121,846,462

121,846,462

–

–

Information

Technology

161,027,207

159,445,766

1,581,441

–

Materials

29,039,771

27,856,339

1,183,431

1

Real

Estate

42,513,246

42,513,246

–

–

Utilities

12,280,774

12,280,774

–

–

Registered

Investment

Companies

Unaffiliated

14,836,080

14,836,080

–

–

Affiliated

580,030,314

580,030,314

–

–

Long-Term

Fixed

Income

Asset-Backed

Securities

150,009

–

150,009

–

Collateralized

Mortgage

Obligations

91,082

–

91,082

–

Mortgage-Backed

Securities

25,953,569

–

25,953,569

–

U.S.

Government

&

Agencies

36,825,679

–

36,825,679

–

Short-Term

Investments

48,094,613

–

48,094,613

–

Options

Purchased

25,235

25,235

–

–

Subtotal

Investments

in

Securities

$1,453,832,305

$1,337,954,600

$115,876,989

$716

Other

Investments  *

Total

Affiliated

Short-Term

Investments

104,928,165

Affiliated

Registered

Investment

Companies

201,712,274

Collateral

Held

for

Securities

Loaned

8,572,640

Subtotal

Other

Investments

$315,213,079

Total

Investments

at

Value

$1,769,045,384

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

this

table

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

9,517,551

9,517,551

–

–

Total

Asset

Derivatives

$9,517,551

$9,517,551

$–

$–

Liability

Derivatives

Futures

Contracts

20,097,036

20,097,036

–

–

Call

Options

Written

4,813

–

–

4,813

Total

Liability

Derivatives

$20,101,849

$20,097,036

$–

$4,813

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

13

Reference

Description:

CBOT

-

Chicago

Board

of

Trade

CME

-

Chicago

Mercantile

Exchange

EAFE

-

Europe,

Australasia

and

Far

East

ICE

-

Intercontinental

Exchange

MSCI

-

Morgan

Stanley

Capital

International

S&P

-

Standard

&

Poor's

Counterparty:

CCM

-

CCM

Futures,

LLC

JPM

-

J.P.

Morgan

MSC

-

Morgan

Stanley

&

Company

The

following

table

presents

Aggressive

Allocation

Fund's

futures

contracts

held

as

of

January

29,

2021.

Investments

and/or

cash

totaling

$48,243,113

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Principal

Amount

Value

and

Unrealized

CBOT

10-Yr.

U.S.

Treasury

Note

79

March

2021

$

10,899,746

(

$

74,277)

CME

E-mini

Russell

2000

Index

6

March

2021

606,546

13,914

CME

E-mini

S&P

500

Index

1,683

March

2021

307,829,647

3,962,933

CME

E-mini

S&P

Mid-Cap

400

Index

7

March

2021

1,620,320

14,670

CME

Euro

Foreign

Exchange

Currency

235

March

2021

35,729,571

(

59,508)

CME

Ultra

Long

Term

U.S.

Treasury

Bond

16

March

2021

3,429,295

(

153,795)

Eurex

Euro

STOXX

50

Index

822

March

2021

34,767,400

(

182,810)

ICE

mini

MSCI

EAFE

Index

395

March

2021

41,617,968

163,157

ICE

US

mini

MSCI

Emerging

Markets

Index

1,444

March

2021

90,515,054

5,229,366

Total

Futures

Long

Contracts

$

527,015,547

$

8,913,650

CBOT

2-Yr.

U.S.

Treasury

Note

(11)

March

2021

(

$

2,430,709)

(

$

34)

CBOT

5-Yr.

U.S.

Treasury

Note

(51)

March

2021

(

6,415,926)

(

3,699)

CBOT

U.S.

Long

Bond

(17)

March

2021

(

2,913,619)

45,400

CME

E-mini

Russell

2000

Index

(1,315)

March

2021

(

125,490,512)

(

10,493,638)

CME

E-mini

S&P

Mid-Cap

400

Index

(927)

March

2021

(

207,390,115)

(

9,129,275)

Ultra

10-Yr.

U.S.

Treasury

Note

(28)

March

2021

(

4,395,298)

88,111

Total

Futures

Short

Contracts

(

$

349,036,179)

($19,493,135)

Total

Futures

Contracts

$

177,979,368

($10,579,485)

The

following

table

presents

Aggressive

Allocation

Fund's

options

contracts

held

as

of

January

29,

2021.

Option

_

Description                              

(Underlying

Security

Description)

Counter-

party

Number

of

Contracts

Exercise

Price

Expiration

Date

Notional

Principal

Amount

Value

Unrealized

Appreciation/

(Depreciation)

Put

on

10-Yr.

U.S.

Treasury

Bond

Futures

MSC

21.00

$

136.50

February

2021

2,877,656

$

4,922

(

$

4,975)

Put

on

30-Yr.

U.S.

Treasury

Bond

Futures

CCM

20.00

168.00

February

2021

3,374,375

20,313

5,253

Total

Options

Purchased

Contracts

$25,235

$278

FNMA

Conventional

30-Yr.

Pass

Through

Call

Option

(*)

MSC

(0.50)

$

103.25

February

2021

(516,328)

(

$

736)

$

1,647

(Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through)

FNMA

Conventional

30-Yr.

Pass

Through

Call

Option

(*)

MSC

(1.00)

103.09

March

2021

(1,030,860)

(

3,477)

976

(Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through)

FNMA

Conventional

30-Yr.

Pass

Through

Call

Option

(*)

JPM

(0.50)

103.23

February

2021

(516,328)

(

600)

748

(Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through)

Total

Options

Written

Contracts

($4,813)

$3,371

(*)  Security

is

valued

using

significant

unobservable

inputs.

Market

quotations

or

prices

were

not

readily

available

or

were

determined

to

be

unreliable.

Value

was

determined

in

good

faith

pursuant

to

procedures

adopted

by

the

Board.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

14

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Aggressive

Allocation

Fund,

is

as

follows:

Fund

Value

10/31/2020

Gross

Purchases

Gross

Sales

Value

1/29/2021

Shares

Held

at

1/29/2021

%

of

Net

Assets

1/29/2021

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Equity

$44,025

$3,198

$–

$55,447

4,541

3.2%

Core

International

Equity

59,200

1,323

17,000

52,536

5,427

3.0

Core

Low

Volatility

Equity

86,799

1,955

–

93,729

7,633

5.4

Global

Stock,

Class

S

39,279

1,485

–

45,959

1,682

2.7

High

Yield,

Class

S

6,683

81

–

7,047

1,506

0.4

Income,

Class

S

4,916

168

–

5,073

509

0.3

International

Allocation,

Class

S

117,405

2,185

–

137,445

12,979

7.9

Large

Cap

Growth,

Class

S

134,644

9,789

–

152,937

8,840

8.8

Large

Cap

Value,

Class

S

66,062

4,982

–

79,303

3,423

4.6

Limited

Maturity

Bond,

Class

S

7,434

30

–

7,517

590

0.4

Mid

Cap

Stock,

Class

S

83,257

3,193

–

100,106

3,068

5.8

Small

Cap

Stock,

Class

S

34,392

696

–

44,644

1,517

2.6

Total

Affiliated

Registered

Investment

Companies

684,096

781,743

45.1

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

65,965

121,170

82,207

104,928

10,493

6.1

Total

Affiliated

Short-Term

Investments

65,965

104,928

6.1

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

2,720

68,425

62,572

8,573

8,573

0.5

Total

Collateral

Held

for

Securities

Loaned

2,720

8,573

0.5

Total

Value

$752,781

$895,244

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2020

-

1/29/2021

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Equity

$–

$8,224

$–

$399

Core

International

Equity

(226)

9,239

–

1,324

Core

Low

Volatility

Equity

Fund

–

4,975

256

1,698

Global

Stock,

Class

S

–

5,195

1,033

452

High

Yield,

Class

S

–

283

–

81

Income,

Class

S

–

(11)

132

35

International

Allocation,

Class

S

–

17,855

–

2,185

Large

Cap

Growth,

Class

S

–

8,504

9,789

–

Large

Cap

Value,

Class

S

–

8,259

3,778

1,204

Limited

Maturity

Bond,

Class

S

–

53

–

30

Mid

Cap

Stock,

Class

S

–

13,656

2,928

266

Small

Cap

Stock,

Class

S

–

9,556

422

273

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

12

(12)

–

53

Total

Income/Non

Income

Cash

from

Affiliated

Investments

$8,000

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

–

1

10

Total

Affiliated

Income

from

Securities

Loaned,

Net

$10

Total

$(214)

$85,776

$18,339

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

15

Principal

Amount

Bank

Loans

(

15.7%

)

a

Value

Basic

Materials

(0.6%)

Ball

Metalpack

Finco,

LLC,

Term

Loan

$

175,500

4.733%, 

(LIBOR

3M

+

4.500%),

7/31/2025

b

$

174,183

Hexion,

Inc.,

Term

Loan

316,168

3.740%, 

(LIBOR

3M

+

3.500%),

7/1/2026

b

316,430

Innophos

Holdings,

Inc.,

Term

Loan

312,637

3.621%, 

(LIBOR

1M

+

3.500%),

2/7/2027

b

312,378

Momentive

Performance

Materials

USA,

LLC,

Term

Loan

295,500

3.380%, 

(LIBOR

1M

+

3.250%),

5/15/2024

b

292,545

Nouryon

USA,

LLC,

Term

Loan

783,804

3.129%, 

(LIBOR

1M

+

3.000%),

10/1/2025

b

779,885

Pixelle

Specialty

Solutions,

LLC,

Term

Loan

551,619

7.500%, 

(LIBOR

1M

+

6.500%),

10/31/2024

b

551,757

Total

2,427,178

Capital

Goods

(1.6%)

Asplundh

Tree

Expert,

LLC,

Term

Loan

199,500

2.621%, 

(LIBOR

1M

+

2.500%),

9/4/2027

b

199,915

Flex

Acquisition

Company,

Inc.

Term

Loan

726,201

3.238%, 

(LIBOR

3M

+

3.000%),

6/29/2025

b

721,031

Gemini

HDPE,

LLC,

Term

Loan

475,000

3.500%, 

(LIBOR

3M

+

3.000%),

12/28/2027

b,c,d

471,637

GFL

Environmental,

Inc.,

Term

Loan

450,000

3.500%, 

(LIBOR

3M

+

3.000%),

5/31/2025

b

451,499

Mauser

Packaging

Solutions

Holding

Company,

Term

Loan

453,136

3.381%, 

(LIBOR

1M

+

3.250%),

4/3/2024

b

444,168

Natgasoline,

LLC,

Term

Loan

382,200

3.625%, 

(LIBOR

1M

+

3.500%),

11/14/2025

b,e

380,289

Navistar,

Inc.,

Term

Loan

630,500

3.630%, 

(LIBOR

1M

+

3.500%),

11/6/2024

b

629,081

Pactiv

Evergreen

Group

Holdings,

Inc.,

Term

Loan

113,198

2.871%, 

(LIBOR

1M

+

2.750%),

2/5/2023

b

113,128

405,000

3.371%, 

(LIBOR

1M

+

3.250%),

2/16/2026

b

405,203

TransDigm,

Inc.,

Term

Loan

1,108,800

2.371%, 

(LIBOR

1M

+

2.250%),

12/9/2025

b

1,088,819

Principal

Amount

Bank

Loans

(15.7%)

a

Value

Capital

Goods

(1.6%)

-

continued

Vertiv

Group

Corporation,

Term

Loan

$

1,052,050

3.144%, 

(LIBOR

1M

+

3.000%),

3/2/2027

b

$

1,052,681

Total

5,957,451

Communications

Services

(4.7%)

Altice

France

SA,

Term

Loan

274,312

2.871%, 

(LIBOR

1M

+

2.750%),

7/31/2025

b

270,656

Cablevision

Lightpath,

LLC,

Term

Loan

473,813

3.750%, 

(LIBOR

1M

+

3.250%),

12/1/2027

b

474,997

CCI

Buyer,

Inc.,

Term

Loan

125,000

4.750%, 

(LIBOR

2M

+

4.000%),

12/12/2027

b

125,750

CommScope,

Inc.,

Term

Loan

819,625

3.371%, 

(LIBOR

1M

+

3.250%),

4/4/2026

b

816,937

Coral-US

Co-Borrower,

LLC,

Term

Loan

1,310,000

2.371%, 

(LIBOR

1M

+

2.250%),

1/31/2028

b

1,302,638

CSC

Holdings,

LLC,

Term

Loan

505,312

2.377%, 

(LIBOR

1M

+

2.250%),

7/17/2025

b

501,209

1,197,900

2.627%, 

(LIBOR

1M

+

2.500%),

4/15/2027

b

1,191,168

Diamond

Sports

Group,

LLC,

Term

Loan

874,285

3.380%, 

(LIBOR

1M

+

3.250%),

8/24/2026

b

742,416

E.W.

Scripps

Company,

Term

Loan

200,000

3.750%, 

(LIBOR

1M

+

3.000%),

12/15/2027

b,c,d

199,850

Eagle

Broadband

Investments,

LLC,

Term

Loan

785,000

3.750%, 

(LIBOR

3M

+

3.000%),

11/12/2027

b

788,109

Entercom

Media

Corporation,

Term

Loan

471,160

2.623%, 

(LIBOR

1M

+

2.500%),

11/17/2024

b

463,702

GCI,

LLC,

Term

Loan

748,125

3.500%, 

(LIBOR

1M

+

2.750%),

10/15/2025

b,c,d

747,190

Gray

Television,

Inc.,

Term

Loan

285,000

2.394%, 

(LIBOR

1M

+

2.250%),

2/7/2024

b

283,398

HCP

Acquisition,

LLC,

Term

Loan

730,432

4.000%, 

(LIBOR

1M

+

3.000%),

5/16/2024

b

731,476

iHeartCommunications,

Inc.,

Term

Loan

362,256

3.121%, 

(LIBOR

1M

+

3.000%),

5/1/2026

b

357,456

Lumen

Technologies,

Inc.,

Term

Loan

1,121,237

2.371%, 

(LIBOR

1M

+

2.250%),

3/15/2027

b

1,116,472

Meredith

Corporation,

Term

Loan

408,972

5.250%, 

(LIBOR

3M

+

4.250%),

1/31/2025

b

415,365

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

16

Principal

Amount

Bank

Loans

(15.7%)

a

Value

Communications

Services

(4.7%)

-

continued

NEP

Group,

Inc.,

Term

Loan

$

637,000

3.371%, 

(LIBOR

1M

+

3.250%),

10/20/2025

b

$

606,564

Nexstar

Broadcasting,

Inc.,

Term

Loan

700,525

2.894%, 

(LIBOR

1M

+

2.750%),

9/19/2026

b

700,427

Nielsen

Finance,

LLC,

Term

Loan

248,125

4.750%, 

(LIBOR

1M

+

3.750%),

6/4/2025

b

249,522

Radiate

Holdco,

LLC,

Term

Loan

1,125,000

4.250%, 

(LIBOR

1M

+

3.500%),

9/25/2026

b

1,124,066

SBA

Senior

Finance

II,

LLC,

Term

Loan

429,494

1.880%, 

(LIBOR

1M

+

1.750%),

4/11/2025

b

427,445

Terrier

Media

Buyer,

Inc.,

Term

Loan

540,000

0.000%, 

(LIBOR

1M

+

3.500%),

12/17/2026

b,c,d

539,190

386,100

4.371%, 

(LIBOR

1M

+

4.250%),

12/17/2026

b

385,810

194,025

4.371%, 

(LIBOR

1M

+

4.250%),

12/17/2026

b

194,025

TNS,

Inc.,

Term

Loan

227,590

4.130%, 

(LIBOR

1M

+

4.000%),

8/14/2022

b

227,733

Virgin

Media

Bristol,

LLC,

Term

Loan

660,000

2.627%, 

(LIBOR

1M

+

2.500%),

1/31/2028

b

656,423

100,000

0.000%, 

(LIBOR

1M

+

3.250%),

1/31/2029

b,c,d

100,014

WideOpenWest

Finance,

LLC,

Term

Loan

592,667

4.250%, 

(LIBOR

1M

+

3.250%),

8/19/2023

b

590,818

Xplornet

Communications,

Inc.,

Term

Loan

488,323

4.871%, 

(LIBOR

1M

+

4.750%),

6/10/2027

b

492,161

Ziggo

Financing

Partnership,

Term

Loan

695,000

2.627%, 

(LIBOR

1M

+

2.500%),

4/30/2028

b

690,364

Total

17,513,351

Consumer

Cyclical

(2.5%)

1011778

B.C.,

LLC,

Term

Loan

842,859

1.871%, 

(LIBOR

1M

+

1.750%),

11/19/2026

b

836,361

Boyd

Gaming

Corporation,

Term

Loan

159,111

2.342%, 

(LIBOR

1W

+

2.250%),

9/15/2023

b

158,530

Caesars

Resort

Collection,

LLC,

Term

Loan

628,425

4.621%, 

(LIBOR

1M

+

4.500%),

7/20/2025

b

627,639

Carnival

Corporation,

Term

Loan

314,211

8.500%, 

(LIBOR

1M

+

7.500%),

6/30/2025

b

323,049

Principal

Amount

Bank

Loans

(15.7%)

a

Value

Consumer

Cyclical

(2.5%)

-

continued

Cengage

Learning,

Inc.,

Term

Loan

$

307,723

5.250%, 

(LIBOR

3M

+

4.250%),

6/7/2023

b

$

295,378

CP

Atlas

Buyer,

Inc.,

Term

Loan

105,000

0.000%, 

(LIBOR

1M

+

3.750%),

12/27/2027

b,c,d

105,000

Four

Seasons

Hotels,

Ltd.,

Term

Loan

470,303

2.121%, 

(LIBOR

1M

+

2.000%),

11/30/2023

b

468,304

Golden

Entertainment,

Inc.,

Term

Loan

944,550

3.750%, 

(LIBOR

1M

+

3.000%),

10/20/2024

b

935,501

Golden

Nugget,

LLC,

Term

Loan

466,426

3.365%, 

(LIBOR

2M

+

2.500%),

10/4/2023

b

456,370

Harbor

Freight

Tools

USA,

Inc.,

Term

Loan

608,475

4.000%, 

(LIBOR

1M

+

3.250%),

10/19/2027

b

608,779

IAA,

Inc.,

Term

Loan

198,337

2.375%, 

(LIBOR

1M

+

2.250%),

6/28/2026

b,e

197,842

LCPR

Loan

Financing,

LLC,

Term

Loan

1,010,000

5.127%, 

(LIBOR

1M

+

5.000%),

10/15/2026

b

1,017,888

Michaels

Stores,

Inc.,

Term

Loan

452,725

4.250%, 

(LIBOR

1M

+

3.500%),

10/1/2027

b

451,593

PetSmart,

Inc.,

Term

Loan

175,000

0.000%, 

(LIBOR

1M

+

3.750%),

1/29/2028

b,c,d

174,781

Scientific

Games

International,

Inc.,

Term

Loan

1,626,427

2.871%, 

(LIBOR

1M

+

2.750%),

8/14/2024

b

1,596,956

Staples,

Inc.,

Term

Loan

175,857

4.714%, 

(LIBOR

3M

+

4.500%),

9/12/2024

b

173,132

291,471

5.214%, 

(LIBOR

3M

+

5.000%),

4/12/2026

b

284,913

Stars

Group

Holdings

BV,

Term

Loan

370,684

3.754%, 

(LIBOR

3M

+

3.500%),

7/10/2025

b

371,504

Tenneco,

Inc.,

Term

Loan

234,402

3.121%, 

(LIBOR

1M

+

3.000%),

10/1/2025

b

231,413

Truck

Hero,

Inc.,

Term

Loan

95,000

0.000%, 

(LIBOR

1M

+

3.750%),

1/20/2028

b,c,d

95,047

Total

9,409,980

Consumer

Non-Cyclical

(2.3%)

Bausch

Health

Americas,

Inc.,

Term

Loan

740,487

3.121%, 

(LIBOR

1M

+

3.000%),

6/1/2025

b

740,606

Bellring

Brands,

LLC,

Term

Loan

174,869

6.000%, 

(LIBOR

1M

+

5.000%),

10/21/2024

b

176,268

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

17

Principal

Amount

Bank

Loans

(15.7%)

a

Value

Consumer

Non-Cyclical

(2.3%)

-

continued

Change

Healthcare

Holdings,

LLC,

Term

Loan

$

353,557

3.500%, 

(LIBOR

1M

+

2.500%),

3/1/2024

b

$

353,557

Chobani,

LLC,

Term

Loan

244,388

4.500%, 

(LIBOR

1M

+

3.500%),

10/23/2027

b

245,152

CNT

Holdings

I

Corporation,

Term

Loan

315,000

4.500%, 

(LIBOR

3M

+

3.750%),

11/8/2027

b

316,351

90,000

7.500%, 

(LIBOR

3M

+

6.750%),

11/6/2028

b,e

91,800

Elanco

Animal

Health,

Inc.,

Term

Loan

336,067

1.894%, 

(LIBOR

1M

+

1.750%),

8/1/2027

b

335,086

Endo

International

plc,

Term

Loan

327,490

5.000%, 

(LIBOR

3M

+

4.250%),

4/27/2024

b

324,625

Global

Medical

Response,

Inc.,

Term

Loan

1,595,000

5.750%, 

(LIBOR

3M

+

4.750%),

10/2/2025

b

1,595,399

Grifols

Worldwide

Operations

USA,

Inc.,

Term

Loan

465,300

2.092%, 

(LIBOR

1W

+

2.000%),

11/15/2027

b

464,137

IQVIA,

Inc.,

Term

Loan

114,115

1.871%, 

(LIBOR

1M

+

1.750%),

1/1/2025

b

113,944

JBS

USA

LUX

SA,

Term

Loan

775,138

2.121%, 

(LIBOR

1M

+

2.000%),

5/1/2026

b

773,526

MPH

Acquisition

Holdings,

LLC,

Term

Loan

1,122,989

3.750%, 

(LIBOR

3M

+

2.750%),

6/7/2023

b

1,120,956

Ortho-Clinical

Diagnostics

SA,

Term

Loan

1,179,216

3.394%, 

(PRIME

+

2.250%),

6/30/2025

b

1,175,678

Plantronics,

Inc.,

Term

Loan

374,201

2.621%, 

(LIBOR

1M

+

2.500%),

7/2/2025

b

369,781

Sotera

Health

Holdings,

LLC,

Term

Loan

265,000

0.000%, 

(LIBOR

1M

+

2.750%),

12/13/2026

b,c,d

264,226

US

Foods,

Inc.,

Term

Loan

89,299

1.871%, 

(LIBOR

1M

+

1.750%),

6/27/2023

b

88,385

Total

8,549,477

Energy

(0.5%)

Buckeye

Partners,

LP,

Term

Loan

435,000

0.000%, 

(LIBOR

1M

+

2.250%),

11/1/2026

b,c,d

434,756

133,987

2.897%, 

(PRIME

+

1.750%),

11/1/2026

b

133,913

Calpine

Corporation,

Term

Loan

605,000

2.630%, 

(LIBOR

1M

+

2.500%),

12/16/2027

b

605,254

Principal

Amount

Bank

Loans

(15.7%)

a

Value

Energy

(0.5%)

-

continued

Lummus

Technology

Holdings

V,

LLC,

Term

Loan

$

533,663

4.121%, 

(LIBOR

1M

+

4.000%),

6/30/2027

b

$

534,666

Total

1,708,589

Financials

(1.3%)

Asurion,

LLC,

Term

Loan

150,000

3.371%, 

(LIBOR

1M

+

3.250%),

12/18/2026

b

149,126

225,000

0.000%, 

(LIBOR

1M

+

5.250%),

2/3/2028

b,c,d

226,688

Avolon

TLB

Borrower

1

US,

LLC,

Term

Loan

350,745

2.500%, 

(LIBOR

1M

+

1.750%),

1/15/2025

b

349,549

BPR

Nimbus,

LLC,

Term

Loan

402,394

2.621%, 

(LIBOR

1M

+

2.500%),

8/24/2025

b

389,650

Delos

Finance

SARL,

Term

Loan

105,000

2.004%, 

(LIBOR

3M

+

1.750%),

10/6/2023

b

104,767

INEOS

US

Finance,

LLC,

Term

Loan

89,309

2.121%, 

(LIBOR

1M

+

2.000%),

3/31/2024

b

88,731

Level

3

Financing,

Inc.,

Term

Loan

660,000

1.871%, 

(LIBOR

1M

+

1.750%),

3/1/2027

b

655,466

MoneyGram

International,

Inc.,

Term

Loan

360,212

7.000%, 

(LIBOR

3M

+

6.000%),

6/30/2023

b

359,160

NCR

Corporation,

Term

Loan

542,512

2.720%, 

(LIBOR

3M

+

2.500%),

8/28/2026

b

540,706

Newco

Financing

Partnership,

Term

Loan

510,000

3.627%, 

(LIBOR

3M

+

3.500%),

1/31/2029

b,c,d

509,872

Northriver

Midstream

Finance,

LP,

Term

Loan

533,182

3.488%, 

(LIBOR

3M

+

3.250%),

10/1/2025

b

531,182

TricorBraun

Holdings,

Inc.,

Delayed

Draw

47,743

0.000%, 

(LIBOR

1M

+

3.250%),

1/29/2028

b,c,d

47,624

TricorBraun

Holdings,

Inc.,

Term

Loan

212,257

0.000%, 

(LIBOR

1M

+

3.250%),

1/29/2028

b,c,d

211,726

Tronox

Finance,

LLC,

Term

Loan

278,818

3.183%, 

(LIBOR

3M

+

3.000%),

9/22/2024

b

278,569

UPC

Financing

Partnership,

Term

Loan

510,000

3.627%, 

(LIBOR

3M

+

3.500%),

1/31/2029

b,c,d

509,872

Total

4,952,688

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

18

Principal

Amount

Bank

Loans

(15.7%)

a

Value

Technology

(1.2%)

Clear

Channel

Outdoor

Holdings,

Inc.,

Term

Loan

$

540,009

3.711%, 

(LIBOR

2M

+

3.500%),

8/21/2026

b

$

526,001

Prime

Security

Services

Borrower,

LLC,

Term

Loan

1,225,000

0.000%, 

(LIBOR

1M

+

2.750%),

9/23/2026

b,c,d

1,223,910

Rackspace

Technology

Global,

Inc.,

Term

Loan

1,339,613

4.000%, 

(LIBOR

1M

+

3.000%),

11/3/2023

b

1,338,863

SS&C

Technologies,

Inc.,

Term

Loan

479,169

1.871%, 

(LIBOR

1M

+

1.750%),

4/16/2025

b

476,116

374,053

1.871%, 

(LIBOR

1M

+

1.750%),

4/16/2025

b

371,670

Zayo

Group

Holdings,

Inc.,

Term

Loan

396,401

3.121%, 

(LIBOR

1M

+

3.000%),

3/9/2027

b

393,710

Total

4,330,270

Transportation

(0.2%)

SkyMiles

IP,

Ltd.,

Term

Loan

630,000

4.750%, 

(LIBOR

3M

+

3.750%),

10/20/2027

b

658,980

United

Airlines,

Inc.,

Term

Loan

232,584

1.895%, 

(LIBOR

1M

+

1.750%),

4/1/2024

b

227,788

Total

886,768

Utilities

(0.8%)

Advanced

Drainage

Systems,

Inc.,

Term

Loan

61,427

2.438%, 

(LIBOR

1M

+

2.250%),

9/24/2026

b

61,350

Core

and

Main,

LP,

Term

Loan

391,837

3.750%, 

(LIBOR

3M

+

2.750%),

8/1/2024

b

390,662

EnergySolutions,

LLC,

Term

Loan

292,500

4.750%, 

(LIBOR

3M

+

3.750%),

5/11/2025

b,e

291,038

Exgen

Renewables

IV,

LLC,

Term

Loan

630,000

3.750%, 

(LIBOR

3M

+

2.750%),

12/11/2027

b,c,d

633,465

Pacific

Gas

and

Electric

Company,

Term

Loan

781,075

6.750%, 

(PRIME

+

3.500%),

6/23/2025

b

787,324

PG&E

Corporation,

Term

Loan

705,000

0.000%, 

(LIBOR

1M

+

3.000%),

6/23/2025

b,c,d,e

712,931

Talen

Energy

Supply,

LLC,

Term

Loan

222,300

3.871%, 

(LIBOR

1M

+

3.750%),

7/8/2026

b

221,095

Total

3,097,865

Total

Bank

Loans

(cost

$58,683,071)

58,833,617

Shares

Common

Stock

(

38.2%

)

Value

Communications

Services

(2.8%)

3,117

Activision

Blizzard,

Inc.

$

283,647

1,142

Alphabet,

Inc.,

Class

A

f

2,086,845

523

Alphabet,

Inc.,

Class

C

f

960,092

4,693

AT&T,

Inc.

134,361

1,048

Charter

Communications,

Inc.

f

636,723

18,335

Comcast

Corporation

908,866

9,062

Discovery,

Inc.,

Class

A

f,g

375,348

9,127

DISH

Network

Corporation

f

264,866

3,868

Facebook,

Inc.

f

999,220

4,596

Live

Nation

Entertainment,

Inc.

f

305,404

1,713

Match

Group,

Inc.

f

239,580

17,361

QuinStreet,

Inc.

f

367,532

11,837

Twitter,

Inc.

f

598,124

9,114

Uber

Technologies,

Inc.

f

464,176

16,757

Verizon

Communications,

Inc.

917,446

3,219

Walt

Disney

Company

f

541,339

518

Windstream

Services,

LLC,

Warrants

(Expires

12/31/2049)

f

6,777

3,493

Zillow

Group,

Inc.

f

484,549

Total

10,574,895

Consumer

Discretionary

(4.7%)

1,284

Amazon.com,

Inc.

f

4,116,761

8,874

Aptiv

plc

1,185,566

202

AutoZone,

Inc.

f

225,911

2,117

Bloomin'

Brands,

Inc.

44,605

348

Booking

Holdings,

Inc.

f

676,627

33

Burlington

Stores,

Inc.

f

8,214

3,840

Callaway

Golf

Company

107,098

449

Carvana

Company

f

117,274

5,815

Cedar

Fair,

LP

233,181

363

Chipotle

Mexican

Grill,

Inc.

f

537,240

8,169

Cooper-Standard

Holdings,

Inc.

f

249,236

3,173

Crocs,

Inc.

f

222,173

3,735

D.R.

Horton,

Inc.

286,848

770

Dick's

Sporting

Goods,

Inc.

51,598

1,204

Domino's

Pizza,

Inc.

446,395

285

Dorman

Products,

Inc.

f

25,887

909

Emerald

Holding,

Inc.

3,691

2,464

Expedia

Group,

Inc.

305,782

367

Garmin,

Ltd.

42,154

9,958

Harley-Davidson,

Inc.

399,216

3,883

Home

Depot,

Inc.

1,051,594

5,260

Leggett

&

Platt,

Inc.

215,660

7,492

Libbey,

Inc.

f

20,603

6,067

Lowe's

Companies,

Inc.

1,012,279

1,955

Lululemon

Athletica,

Inc.

f

642,569

206

Madison

Square

Garden

Sports

Corporation

f

33,349

296

Marriott

International,

Inc.

34,428

1,714

McDonald's

Corporation

356,238

5,366

Miller

Industries,

Inc.

213,996

1,032

Mohawk

Industries,

Inc.

f

148,195

3,008

NIKE,

Inc.

401,839

201

NVR,

Inc.

f

893,742

1,171

RH

f

556,647

1,983

Sleep

Number

Corporation

f

213,648

4,900

Sony

Corporation

ADR

468,979

7,523

Stoneridge,

Inc.

f

206,506

1,449

Tesla,

Inc.

f

1,149,825

2,739

Texas

Roadhouse,

Inc.

208,739

15,680

Under

Armour,

Inc.,

Class

C

f

234,730

94

Wayfair,

Inc.

f

25,598

1,232

Yum!

Brands,

Inc.

125,036

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

19

Shares

Common

Stock

(38.2%)

Value

Consumer

Discretionary

(4.7%)

-

continued

5,398

Zumiez,

Inc.

f

$

232,546

Total

17,732,203

Consumer

Staples

(1.4%)

2,392

BJ's

Wholesale

Club

Holdings,

Inc.

f

100,631

3,379

Bunge,

Ltd.

221,122

3,054

Colgate-Palmolive

Company

238,212

1,438

Costco

Wholesale

Corporation

506,794

15,168

Hain

Celestial

Group,

Inc.

f

630,761

1,508

John

B.

Sanfilippo

&

Son,

Inc.

121,288

1,561

Kimberly-Clark

Corporation

206,208

5,884

Lamb

Weston

Holdings,

Inc.

439,535

1,786

Monster

Beverage

Corporation

f

155,078

315

PepsiCo,

Inc.

43,020

5,535

Philip

Morris

International,

Inc.

440,863

22,548

Primo

Water

Corporation

348,367

2,384

Procter

&

Gamble

Company

305,653

7,104

Turning

Point

Brands,

Inc.

334,598

7,336

Wal-Mart

Stores,

Inc.

1,030,635

Total

5,122,765

Energy

(1.1%)

2,772

Apache

Corporation

39,584

12,353

BP

plc

ADR

274,484

776

Cheniere

Energy,

Inc.

f

49,144

4,799

Chevron

Corporation

408,875

1,363

Core

Laboratories

NV

44,952

47,170

Devon

Energy

Corporation

776,418

2,615

Diamondback

Energy,

Inc.

148,244

3,350

Enbridge,

Inc.

112,560

15,941

Enterprise

Products

Partners,

LP

322,486

2,967

EOG

Resources,

Inc.

151,198

6,801

EQT

Corporation

110,924

4,136

Exxon

Mobil

Corporation

185,458

7,138

Halliburton

Company

125,843

14,295

Helmerich

&

Payne,

Inc.

347,083

1,500

Kinder

Morgan,

Inc.

21,120

6,906

Marathon

Petroleum

Corporation

298,063

1,200

MPLX,

LP

27,732

8,388

Nine

Energy

Service,

Inc.

f

21,725

1,527

PDC

Energy,

Inc.

f

33,151

3,645

Pioneer

Natural

Resources

Company

440,681

2,127

Schlumberger,

Ltd.

47,241

1,867

SM

Energy

Company

15,664

736

Talos

Energy,

Inc.

f

6,227

4,179

Valero

Energy

Corporation

235,821

1,000

Williams

Companies,

Inc.

21,230

Total

4,265,908

Financials

(5.8%)

7,162

Air

Lease

Corporation

283,830

68

Alleghany

Corporation

38,546

16,327

Ally

Financial,

Inc.

617,814

2,652

American

Express

Company

308,322

694

Aon

plc

140,951

4,815

Arch

Capital

Group,

Ltd.

f

151,239

1,989

Ares

Capital

Corporation

34,410

2,058

Arthur

J.

Gallagher

&

Company

237,514

20,050

Assured

Guaranty,

Ltd.

716,788

30,561

Bank

of

America

Corporation

906,134

276

Bank

of

Marin

Bancorp

10,251

5,267

Bank

of

N.T.

Butterfield

&

Son,

Ltd.

160,170

1,567

Berkshire

Hathaway,

Inc.

f

357,072

Shares

Common

Stock

(38.2%)

Value

Financials

(5.8%)

-

continued

3,700

BlackRock

TCP

Capital

Corporation

$

42,143

670

BlackRock,

Inc.

469,844

2,249

Blackstone

Mortgage

Trust,

Inc.

59,958

13,357

Bridgewater

Bancshares,

Inc.

f

171,504

5,931

Capital

One

Financial

Corporation

618,366

10,243

Charles

Schwab

Corporation

527,924

4,665

Chubb,

Ltd.

679,551

12,420

Citigroup,

Inc.

720,236

1,552

CME

Group,

Inc.

282,061

9,373

Columbia

Banking

System,

Inc.

361,048

3,556

Comerica,

Inc.

203,403

1,011

Community

Trust

Bancorp,

Inc.

36,861

3,649

Discover

Financial

Services

304,837

1,831

Ellington

Residential

Mortgage

REIT

21,899

19,131

Equitable

Holdings,

Inc.

474,066

2,778

Evercore,

Inc.

303,080

18,101

Everi

Holdings,

Inc.

f

236,761

293

FactSet

Research

Systems,

Inc.

88,586

282

FBL

Financial

Group,

Inc.

15,803

333

Financial

Institutions,

Inc.

7,622

1,610

First

Busey

Corporation

33,279

213

First

Mid-Illinois

Bancshares,

Inc.

7,214

889

First

Republic

Bank

128,896

711

Flagstar

Bancorp,

Inc.

30,466

2,100

FS

KKR

Capital

Corporation

35,280

2,300

FS

KKR

Capital

Corporation

II

38,065

1,516

Fulton

Financial

Corporation

20,314

2,457

Glacier

Bancorp,

Inc.

114,619

659

Goldman

Sachs

Group,

Inc.

178,701

3,544

Golub

Capital

BDC,

Inc.

50,360

1,111

Great

Southern

Bancorp,

Inc.

54,628

2,512

Hancock

Whitney

Corporation

85,760

306

Hanmi

Financial

Corporation

4,229

1,672

Hannon

Armstrong

Sustainable

Infrastructure

Capital,

Inc.

98,899

9,787

Heartland

Financial

USA,

Inc.

417,513

16,957

Heritage

Commerce

Corporation

148,882

862

Hometrust

Bancshares,

Inc.

18,102

5,197

Hope

Bancorp,

Inc.

58,102

389

Independent

Bank

Corporation

7,142

2,169

Interactive

Brokers

Group,

Inc.

132,721

9,897

J.P.

Morgan

Chase

&

Company

1,273,447

5,215

James

River

Group

Holdings,

Ltd.

231,963

2,640

Kemper

Corporation

185,724

27,249

KeyCorp

459,418

2,445

Kinsale

Capital

Group,

Inc.

458,584

582

Lakeland

Bancorp,

Inc.

7,630

50

Markel

Corporation

f

48,474

69

MarketAxess

Holdings,

Inc.

37,312

718

Marsh

&

McLennan

Companies,

Inc.

78,915

6,315

Meridian

Bancorp,

Inc.

95,672

5,923

MetLife,

Inc.

285,192

2,415

MidWestOne

Financial

Group,

Inc.

59,385

544

Moody's

Corporation

144,845

9,482

Morgan

Stanley

635,768

177

MSCI,

Inc.

69,968

239

Peapack-Gladstone

Financial

Corporation

5,621

2,279

Primerica,

Inc.

317,488

193

QCR

Holdings,

Inc.

7,485

14,254

Radian

Group,

Inc.

273,677

3,841

Raymond

James

Financial,

Inc.

383,831

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

20

Shares

Common

Stock

(38.2%)

Value

Financials

(5.8%)

-

continued

1,520

S&P

Global,

Inc.

$

481,840

6,641

Santander

Consumer

USA

Holdings,

Inc.

146,766

8,173

Seacoast

Banking

Corporation

of

Florida

f

248,868

1,467

Selective

Insurance

Group,

Inc.

95,326

2,461

Sixth

Street

Specialty

Lending,

Inc.

50,352

697

Starwood

Property

Trust,

Inc.

13,076

6,041

Synovus

Financial

Corporation

224,725

1,672

T.

Rowe

Price

Group,

Inc.

261,635

925

Torchmark

Corporation

83,611

7,784

Triumph

Bancorp,

Inc.

f

446,335

7,661

Truist

Financial

Corporation

367,575

229

Umpqua

Holdings

Corporation

3,323

30,961

Wells

Fargo

&

Company

925,115

16,717

Western

Alliance

Bancorp

1,139,765

16,385

Zions

Bancorporations

NA

723,234

1,016

Zurich

Insurance

Group

AG

406,244

Total

21,929,955

Health

Care

(5.2%)

4,772

Abbott

Laboratories

589,771

2,677

AbbVie,

Inc.

274,339

645

Align

Technology,

Inc.

f

338,870

2,728

Amgen,

Inc.

658,621

3,968

AMN

Healthcare

Services,

Inc.

f

286,172

2,253

Anthem,

Inc.

669,096

6,016

Ardelyx,

Inc.

f

40,849

1,226

Becton,

Dickinson

and

Company

320,954

1,037

Biogen,

Inc.

f

293,067

2,071

Biohaven

Pharmaceutical

Holding

Company,

Ltd.

f

176,491

145

Bio-Techne

Corporation

47,112

3,208

Catalent,

Inc.

f

369,080

4,361

Centene

Corporation

f

262,968

2,335

Cerner

Corporation

187,057

2,403

Cigna

Holding

Company

521,571

4,276

CVS

Health

Corporation

306,375

2,972

Danaher

Corporation

706,860

608

Dexcom,

Inc.

f

227,909

6,881

Edwards

Lifesciences

Corporation

f

568,233

6,163

GlaxoSmithKline

plc

ADR

229,572

6,607

Halozyme

Therapeutics,

Inc.

f

314,427

2,308

HCA

Healthcare,

Inc.

375,004

580

Humana,

Inc.

222,204

209

Illumina,

Inc.

f

89,126

786

Intuitive

Surgical,

Inc.

f

587,645

1,772

IQVIA

Holding,

Inc.

f

315,062

3,516

Jazz

Pharmaceuticals,

Inc.

f

546,738

10,843

Johnson

&

Johnson

1,768,819

594

Kura

Oncology,

Inc.

f

17,790

1,034

LHC

Group,

Inc.

f

205,993

10,919

Medtronic

plc

1,215,612

10,163

Merck

&

Company,

Inc.

783,262

249

Mettler-Toledo

International,

Inc.

f

290,857

2,356

Novo

Nordisk

AS

ADR

163,978

6,107

NuVasive,

Inc.

f

328,190

673

PerkinElmer,

Inc.

98,978

1,151

Quidel

Corporation

f

288,866

291

Reata

Pharmaceuticals,

Inc.

f

30,145

2,556

Stryker

Corporation

564,902

8,703

Syneos

Health,

Inc.

f

647,068

4,787

Tactile

Systems

Technology,

Inc.

f

261,131

985

Teladoc

Health,

Inc.

f,g

259,873

2,003

Thermo

Fisher

Scientific,

Inc.

1,020,929

Shares

Common

Stock

(38.2%)

Value

Health

Care

(5.2%)

-

continued

1,799

UnitedHealth

Group,

Inc.

$

600,110

457

Universal

Health

Services,

Inc.

56,979

6,796

VBI

Vaccines,

Inc.

f

22,155

954

Veeva

Systems,

Inc.

f

263,724

1,082

Vertex

Pharmaceuticals,

Inc.

f

247,865

1,039

Zimmer

Biomet

Holdings,

Inc.

159,663

3,728

Zoetis,

Inc.

575,044

Total

19,397,106

Industrials

(5.1%)

5,220

Advanced

Drainage

Systems,

Inc.

430,546

294

Aerojet

Rocketdyne

Holdings,

Inc.

f

15,300

725

Allegion

plc

77,582

15,952

Altra

Industrial

Motion

Corporation

820,092

4,880

AMETEK,

Inc.

552,709

21,969

Arconic,

Inc.

539,998

3,010

ASGN,

Inc.

f

249,559

689

Boeing

Company

133,797

2,337

Carlisle

Companies,

Inc.

338,701

366

Caterpillar,

Inc.

66,919

1,978

Chart

Industries,

Inc.

f

237,578

731

Cintas

Corporation

232,546

34

Copart,

Inc.

f

3,731

223

Crane

Company

16,877

2,857

CSX

Corporation

245,002

800

Cummins,

Inc.

187,536

3,923

Curtiss-Wright

Corporation

407,168

9,902

Delta

Air

Lines,

Inc.

375,880

2,074

Eaton

Corporation

plc

244,110

3,053

Emerson

Electric

Company

242,255

1,657

Encore

Wire

Corporation

95,692

1,827

Fortive

Corporation

120,728

3,593

Forward

Air

Corporation

257,582

4,714

General

Dynamics

Corporation

691,449

260

Gorman-Rupp

Company

8,190

2,956

Greenbrier

Companies,

Inc.

106,948

2,997

Heico

Corporation

352,867

4,340

Helios

Technologies,

Inc.

236,747

3,792

Honeywell

International,

Inc.

740,843

318

Hubbell,

Inc.

49,481

1,442

IDEX

Corporation

268,486

200

Illinois

Tool

Works,

Inc.

38,842

11,806

Johnson

Controls

International

plc

588,175

1,667

Kansas

City

Southern

337,851

2,019

L3Harris

Technologies,

Inc.

346,279

495

Landstar

System,

Inc.

69,003

2,543

Lincoln

Electric

Holdings,

Inc.

291,173

1,475

Linde

Public

Limited

Company

361,965

871

Lockheed

Martin

Corporation

280,305

4,235

Manpower,

Inc.

374,543

13,978

Meritor,

Inc.

f

360,772

2,029

Middleby

Corporation

f,g

275,376

2,603

NAPCO

Security

Technologies,

Inc.

f

67,470

109

Nordson

Corporation

19,510

827

Norfolk

Southern

Corporation

195,685

1,048

Northrop

Grumman

Corporation

300,367

7,864

Nutrien,

Ltd.

386,673

2,314

Old

Dominion

Freight

Line,

Inc.

448,916

2,547

Otis

Worldwide

Corporation

164,663

2,216

Parker-Hannifin

Corporation

586,376

2,827

Patrick

Industries,

Inc.

195,233

9,962

Raven

Industries,

Inc.

321,474

4,708

Raytheon

Technologies

Corporation

314,165

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

21

Shares

Common

Stock

(38.2%)

Value

Industrials

(5.1%)

-

continued

2,600

Regal-Beloit

Corporation

$

326,248

2,635

Ritchie

Brothers

Auctioneers,

Inc.

155,228

292

Rockwell

Automation,

Inc.

72,571

545

Saia,

Inc.

f

96,329

13,281

Southwest

Airlines

Company

583,567

865

Stanley

Black

&

Decker,

Inc.

150,069

6,935

Timken

Company

524,702

1,560

Tutor

Perini

Corporation

f

23,244

1,771

Union

Pacific

Corporation

349,719

2,675

United

Parcel

Service,

Inc.

414,625

4,399

United

Rentals,

Inc.

f

1,069,001

893

Valmont

Industries,

Inc.

172,278

938

Verisk

Analytics,

Inc.

172,123

2,700

WESCO

International,

Inc.

f

205,497

Total

18,986,916

Information

Technology

(8.6%)

2,482

Accenture

plc

600,445

2,212

Adobe,

Inc.

f

1,014,799

2,753

Advanced

Energy

Industries,

Inc.

f

282,403

7,646

Agilysys,

Inc.

f

281,296

4,522

Akamai

Technologies,

Inc.

f

502,078

5,142

Alliance

Data

Systems

Corporation

347,856

3,797

Amphenol

Corporation

474,169

375

Analog

Devices,

Inc.

55,249

1,977

ANSYS,

Inc.

f

700,589

36,232

Apple,

Inc.

4,781,175

2,875

Axcelis

Technologies,

Inc.

f

98,440

2,973

BigCommerce

Holdings,

Inc.

f,g

237,662

1,611

Blackline,

Inc.

f

208,818

1,887

Broadcom,

Ltd.

850,093

889

Broadridge

Financial

Solutions,

Inc.

125,625

14,030

Change

Healthcare,

Inc.

f

334,756

9,270

Ciena

Corporation

f

494,925

22,152

Cisco

Systems,

Inc.

987,536

4,011

Computer

Services,

Inc.

248,682

2,935

Dolby

Laboratories,

Inc.

258,368

13,641

Dropbox,

Inc.

f

308,696

1,886

Enphase

Energy,

Inc.

f

343,912

143

Euronet

Worldwide,

Inc.

f

17,869

356

Fair

Isaac

Corporation

f

160,239

5,176

FLIR

Systems,

Inc.

269,411

1,960

II-VI,

Inc.

f

164,777

985

Intuit,

Inc.

355,812

316

Jack

Henry

&

Associates,

Inc.

45,754

324

Lam

Research

Corporation

156,800

906

Littelfuse,

Inc.

220,493

1,401

Lumentum

Holdings,

Inc.

f

131,414

4,368

MasterCard,

Inc.

1,381,555

2,705

Microchip

Technology,

Inc.

368,178

5,585

Micron

Technology,

Inc.

f

437,138

20,012

Microsoft

Corporation

4,641,983

870

Motorola

Solutions,

Inc.

145,768

6,389

National

Instruments

Corporation

264,505

1,430

Nice,

Ltd.

ADR

f,g

373,630

29,961

Nuance

Communications,

Inc.

f

1,364,424

1,465

NVIDIA

Corporation

761,199

2,880

ON

Semiconductor

Corporation

f

99,331

8,478

Oracle

Corporation

512,326

4,546

PayPal

Holdings,

Inc.

f

1,065,173

2,304

Plexus

Corporation

f

177,224

5,881

QUALCOMM,

Inc.

919,083

2,376

Salesforce.com,

Inc.

f

535,931

Shares

Common

Stock

(38.2%)

Value

Information

Technology

(8.6%)

-

continued

332

Samsung

Electronics

Company,

Ltd.

GDR

$

609,801

994

ServiceNow,

Inc.

f

539,901

187

Shopify

Inc.

f

205,436

2,522

Square,

Inc.

f

544,651

1,448

Synopsys,

Inc.

f

369,892

727

TE

Connectivity,

Ltd.

87,531

872

Teradyne,

Inc.

98,955

6,832

Texas

Instruments,

Inc.

1,131,994

123

Tyler

Technologies,

Inc.

f

52,003

1,697

Visa,

Inc.

327,945

1,044

VMware,

Inc.

f,g

143,915

2,839

Workiva,

Inc.

f

276,717

Total

32,496,330

Materials

(1.2%)

166

Air

Products

and

Chemicals,

Inc.

44,282

10,346

Axalta

Coating

Systems,

Ltd.

f

279,239

5,619

Ball

Corporation

494,584

6,628

Carpenter

Technology

Corporation

207,059

10,467

CF

Industries

Holdings,

Inc.

433,124

5,063

Coeur

Mining,

Inc.

f

45,820

2,392

Eastman

Chemical

Company

235,253

2,484

Ecolab,

Inc.

508,003

17,115

Element

Solutions,

Inc.

291,468

36,034

Ivanhoe

Mines,

Ltd.

f

172,174

1,911

LyondellBasell

Industries

NV

163,887

536

Martin

Marietta

Materials,

Inc.

154,052

4,776

Nucor

Corporation

232,735

45

PPG

Industries,

Inc.

6,062

436

Sherwin-Williams

Company

301,625

9,273

Steel

Dynamics,

Inc.

317,786

4,612

UFP

Technologies,

Inc.

f

212,198

2,347

United

States

Lime

&

Minerals,

Inc.

283,987

4,593

W.

R.

Grace

&

Company

266,486

Total

4,649,824

Real

Estate

(1.5%)

1,469

Agree

Realty

Corporation

92,841

1,531

Alexandria

Real

Estate

Equities,

Inc.

255,845

12,276

American

Campus

Communities,

Inc.

505,280

1,194

American

Tower

Corporation

271,468

1,213

AvalonBay

Communities,

Inc.

198,532

3,582

Camden

Property

Trust

365,901

3,157

CBRE

Group,

Inc.

f

192,514

2,928

Colliers

International

Group,

Inc.

g

258,718

354

Community

Healthcare

Trust,

Inc.

15,831

1,760

Digital

Realty

Trust,

Inc.

253,352

7,952

Douglas

Emmett,

Inc.

220,350

7,784

Duke

Realty

Corporation

307,935

505

EastGroup

Properties,

Inc.

68,246

1,705

EPR

Properties

67,586

5,794

Essential

Properties

Realty

Trust,

Inc.

120,631

3,905

First

Industrial

Realty

Trust,

Inc.

158,699

4,935

Four

Corners

Property

Trust,

Inc.

130,087

2,770

Healthcare

Realty

Trust,

Inc.

83,128

31,209

Host

Hotels

&

Resorts,

Inc.

422,882

3,964

Independence

Realty

Trust,

Inc.

52,642

355

Industrial

Logistics

Properties

Trust

7,530

425

Innovative

Industrial

Properties,

Inc.

79,526

930

iSTAR

Financial,

Inc.

14,117

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

22

Shares

Common

Stock

(38.2%)

Value

Real

Estate

(1.5%)

-

continued

7,508

National

Storage

Affiliates

Trust

$

274,342

581

Plymouth

Industrial

REIT,

Inc.

8,506

1,486

Public

Storage,

Inc.

338,243

3,369

Rayonier,

Inc.

REIT

103,597

2,858

Realty

Income

Corporation

168,793

2,175

Rexford

Industrial

Realty,

Inc.

106,444

8,408

Service

Properties

Trust

89,209

22,704

Sunstone

Hotel

Investors,

Inc.

242,933

Total

5,475,708

Utilities

(0.8%)

6,205

Alliant

Energy

Corporation

301,873

1,352

American

Electric

Power

Company,

Inc.

109,390

184

American

States

Water

Company

14,216

15,472

CenterPoint

Energy,

Inc.

326,305

5,251

CMS

Energy

Corporation

298,677

299

Dominion

Energy,

Inc.

21,794

4,453

Duke

Energy

Corporation

418,582

6,720

Entergy

Corporation

640,618

4,627

Exelon

Corporation

192,298

418

NextEra

Energy

Partners,

LP

34,067

755

NextEra

Energy,

Inc.

61,057

1,852

NorthWestern

Corporation

100,878

3,835

Portland

General

Electric

Company

162,182

2,553

Spire,

Inc.

156,218

219

Unitil

Corporation

8,929

1,336

WEC

Energy

Group,

Inc.

118,770

Total

2,965,854

Total

Common

Stock

(cost

$105,403,217)

143,597,464

Principal

Amount

Long-Term

Fixed

Income

(

23.4%

)

Value

Asset-Backed

Securities

(1.8%)

522

Funding

CLO,

Ltd.

$

175,000

4.051%, 

(LIBOR

3M

+

3.850%),

10/23/2033,

Ser.

2020-6A,

Class

D

b,h

175,783

Ares

LVII

CLO,

Ltd.

175,000

4.594%, 

(LIBOR

3M

+

4.350%),

10/25/2031,

Ser.

2020-57A,

Class

D

b,h

176,740

Babson

CLO,

Ltd.

300,000

3.124%, 

(LIBOR

3M

+

2.900%),

7/20/2029,

Ser.

2018-3A,

Class

D

b,h

293,941

Benefit

Street

Partners

CLO

IV,

Ltd.

300,000

1.974%, 

(LIBOR

3M

+

1.750%),

1/20/2029,

Ser.

2014-IVA,

Class

A2RR

b,h

300,275

Business

Jet

Securities,

LLC

267,620

4.447%, 

6/15/2033,

Ser.

2018-2,

Class

A

h

273,703

Cent

CLO,

LP

750,000

2.518%, 

(LIBOR

3M

+

2.300%),

10/25/2028,

Ser.

2018-27A,

Class

B

b,h

750,377

College

Ave

Student

Loans,

LLC

146,265

1.780%, 

(LIBOR

1M

+

1.650%),

11/26/2046,

Ser.

2017-A,

Class

A1

b,h

148,921

Principal

Amount

Long-Term

Fixed

Income

(23.4%)

Value

Asset-Backed

Securities

(1.8%)

-

continued

Conn's

Receivables

Funding

$

66,700

1.710%, 

6/16/2025,

Ser.

2020-A,

Class

A

h

$

66,802

Foundation

Finance

Trust

84,494

3.300%, 

7/15/2033,

Ser.

2017-1A,

Class

A

h

86,090

Harley

Marine

Financing,

LLC

388,651

5.682%, 

5/15/2043,

Ser.

2018-1A,

Class

A2

h

352,894

Octagon

Investment

Partners

50,

Ltd.

225,000

4.470%, 

(LIBOR

3M

+

4.300%),

10/15/2033,

Ser.

2020-4A,

Class

D

b,h

226,657

OZLM

IX,

Ltd.

400,000

1.774%, 

(LIBOR

3M

+

1.550%),

10/20/2031,

Ser.

2014-9A,

Class

A1BR

b,h

400,277

Palmer

Square

CLO,

Ltd.

350,000

2.238%, 

(LIBOR

3M

+

2.000%),

5/21/2029,

Ser.

2015-1A,

Class

BR3

b,h

350,070

Palmer

Square

Loan

Funding,

Ltd.

300,000

2.474%, 

(LIBOR

3M

+

2.250%),

4/20/2027,

Ser.

2019-1A,

Class

B

b,h

300,295

Pretium

Mortgage

Credit

Partners,

LLC

346,811

3.721%, 

1/25/2059,

Ser.

2019-CFL1,

Class

A1

h,i

346,917

Riserva

CLO,

Ltd.

325,000

1.923%, 

(LIBOR

3M

+

1.700%),

10/18/2028,

Ser.

2016-3A,

Class

BR

b,h

325,229

Sound

Point

CLO

X,

Ltd.

350,000

2.924%, 

(LIBOR

3M

+

2.700%),

1/20/2028,

Ser.

2015-3A,

Class

DR

b,h

348,451

Sound

Point

CLO

XXI,

Ltd.

700,000

1.665%, 

(LIBOR

3M

+

1.450%),

10/26/2031,

Ser.

2018-3A,

Class

A1B

b,h

703,867

TCI-Flatiron

CLO,

Ltd.

700,000

2.436%, 

(LIBOR

3M

+

2.200%),

1/17/2032,

Ser.

2016-1A,

Class

CR2

b,h

699,473

THL

Credit

Wind

River

CLO,

Ltd.

350,000

3.091%, 

(LIBOR

3M

+

2.850%),

7/15/2028,

Ser.

2016-1A,

Class

DR

b,h

348,226

Total

6,674,988

Basic

Materials

(0.4%)

Air

Products

and

Chemicals,

Inc.

7,000

1.500%, 

10/15/2025

7,247

Alcoa

Nederland

Holding

BV

80,000

5.500%, 

12/15/2027

h

86,022

BWAY

Holding

Company

80,000

5.500%, 

4/15/2024

h

80,966

Cleveland-Cliffs,

Inc.

60,000

5.750%, 

3/1/2025

61,350

50,000

9.875%, 

10/17/2025

h

58,794

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

23

Principal

Amount

Long-Term

Fixed

Income

(23.4%)

Value

Basic

Materials

(0.4%)

-

continued

EI

du

Pont

de

Nemours

&

Company

$

29,000

1.700%, 

7/15/2025

$

30,066

First

Quantum

Minerals,

Ltd.

90,000

7.500%, 

4/1/2025

h

93,040

Freeport-McMoRan,

Inc.

80,000

4.125%, 

3/1/2028

84,144

90,000

4.250%, 

3/1/2030

97,565

Ingevity

Corporation

90,000

3.875%, 

11/1/2028

h

90,235

Kinross

Gold

Corporation

38,000

5.125%, 

9/1/2021

38,585

Kraton

Polymers,

LLC

80,000

4.250%, 

12/15/2025

h

80,400

LYB

International

Finance

III,

LLC

29,000

1.250%, 

10/1/2025

29,261

Mercer

International,

Inc.

50,000

5.125%, 

2/1/2029

h

50,875

Methanex

Corporation

60,000

5.250%, 

12/15/2029

62,813

Mosaic

Company

14,000

3.250%, 

11/15/2022

14,607

Norbord,

Inc.

110,000

5.750%, 

7/15/2027

h

118,113

Novelis

Corporation

80,000

5.875%, 

9/30/2026

h

83,800

30,000

4.750%, 

1/30/2030

h

31,500

Nucor

Corporation

14,000

2.000%, 

6/1/2025

14,693

OCI

NV

90,000

4.625%, 

10/15/2025

h

93,134

Olin

Corporation

100,000

5.125%, 

9/15/2027

103,750

Steel

Dynamics,

Inc.

17,000

2.400%, 

6/15/2025

18,049

Syngenta

Finance

NV

64,000

3.933%, 

4/23/2021

h

64,270

Tronox

Finance

plc

50,000

5.750%, 

10/1/2025

h

51,250

Venator

Finance

SARL

40,000

5.750%, 

7/15/2025

h

39,500

Xstrata

Finance

Canada,

Ltd.

57,000

4.950%, 

11/15/2021

h

58,972

Total

1,643,001

Capital

Goods

(0.9%)

AECOM

135,000

5.125%, 

3/15/2027

151,024

Amsted

Industries,

Inc.

145,000

5.625%, 

7/1/2027

h

152,975

Ardagh

Packaging

Finance

plc

45,000

6.000%, 

2/15/2025

h

46,322

90,000

5.250%, 

8/15/2027

h

93,289

Berry

Global,

Inc.

70,000

4.875%, 

7/15/2026

h

74,935

Boeing

Company

66,000

4.875%, 

5/1/2025

74,503

Caterpillar

Financial

Services

Corporation

53,000

1.900%, 

9/6/2022

54,368

44,000

1.950%, 

11/18/2022

45,275

30,000

1.450%, 

5/15/2025

30,932

Principal

Amount

Long-Term

Fixed

Income

(23.4%)

Value

Capital

Goods

(0.9%)

-

continued

Chart

Industries,

Inc.,

Convertible

$

46,000

1.000%, 

11/15/2024

h

$

97,829

Cintas

Corporation

No.

2

57,000

2.900%, 

4/1/2022

58,572

CNH

Industrial

Capital,

LLC

56,000

4.875%, 

4/1/2021

56,403

17,000

1.950%, 

7/2/2023

17,505

Covanta

Holding

Corporation

110,000

6.000%, 

1/1/2027

114,900

20,000

5.000%, 

9/1/2030

21,000

Crown

Americas

Capital

Corporation

IV

160,000

4.500%, 

1/15/2023

167,800

General

Electric

Company

240,000

3.554%, 

(LIBOR

3M

+

3.330%),

3/15/2021

b,j

226,690

GFL

Environmental,

Inc.

20,000

4.000%, 

8/1/2028

h

19,800

80,000

3.500%, 

9/1/2028

h

78,726

Greenbrier

Companies,

Inc.,

Convertible

39,000

2.875%, 

2/1/2024

38,937

H&E

Equipment

Services,

Inc.

100,000

3.875%, 

12/15/2028

h

99,515

Honeywell

International,

Inc.

29,000

1.350%, 

6/1/2025

29,864

Howmet

Aerospace,

Inc.

70,000

6.875%, 

5/1/2025

81,550

Huntington

Ingalls

Industries,

Inc.

25,000

3.844%, 

5/1/2025

27,902

Jeld-Wen,

Inc.

70,000

4.625%, 

12/15/2025

h

71,400

John

Deere

Capital

Corporation

39,000

1.200%, 

4/6/2023

39,724

44,000

2.050%, 

1/9/2025

g

46,546

KBR,

Inc.,

Convertible

206,000

2.500%, 

11/1/2023

269,216

Otis

Worldwide

Corporation

39,000

2.056%, 

4/5/2025

41,087

Owens-Brockway

Glass

Container,

Inc.

50,000

5.875%, 

8/15/2023

h

53,500

PACCAR

Financial

Corporation

15,000

2.650%, 

4/6/2023

15,764

Parker-Hannifin

Corporation

64,000

2.700%, 

6/14/2024

68,527

Patrick

Industries,

Inc.,

Convertible

61,000

1.000%, 

2/1/2023

64,459

Raytheon

Technologies

Corporation

37,000

2.800%, 

3/15/2022

37,980

Republic

Services,

Inc.

36,000

2.500%, 

8/15/2024

38,312

Reynolds

Group

Issuer,

Inc.

5,000

5.125%, 

7/15/2023

g,h

5,062

Roper

Technologies,

Inc.

31,000

2.350%, 

9/15/2024

32,836

29,000

1.000%, 

9/15/2025

29,167

SRM

Escrow

Issuer,

LLC

90,000

6.000%, 

11/1/2028

h

94,572

Standard

Industries,

Inc.

140,000

4.375%, 

7/15/2030

h

148,575

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

24

Principal

Amount

Long-Term

Fixed

Income

(23.4%)

Value

Capital

Goods

(0.9%)

-

continued

TransDigm,

Inc.

$

40,000

6.250%, 

3/15/2026

h

$

42,308

160,000

5.500%, 

11/15/2027

164,192

10,000

4.625%, 

1/15/2029

h

9,931

United

Rentals

North

America,

Inc.

180,000

4.000%, 

7/15/2030

189,846

United

Technologies

Corporation

70,000

3.950%, 

8/16/2025

79,693

WESCO

Distribution,

Inc.

60,000

7.250%, 

6/15/2028

h

67,402

WW

Grainger,

Inc.

24,000

1.850%, 

2/15/2025

25,097

Total

3,495,812

Collateralized

Mortgage

Obligations

(3.4%)

Antler

Mortgage

Trust

126,665

4.458%, 

6/27/2022,

Ser.

2019-RTL1,

Class

A1

h

126,721

249,362

4.335%, 

7/25/2022,

Ser.

2018-RTL1,

Class

A1

h

249,814

Banc

of

America

Alternative

Loan

Trust

187,849

6.000%, 

11/25/2035,

Ser.

2005-10,

Class

3CB1

179,606

Banc

of

America

Mortgage

Securities

Trust

147,054

2.500%, 

9/25/2035,

Ser.

2005-H,

Class

3A1

b

146,486

50,065

2.998%, 

9/25/2035,

Ser.

2005-H,

Class

2A1

b

48,521

Bellemeade

Re,

Ltd.

261,355

1.730%, 

(LIBOR

1M

+

1.600%),

4/25/2028,

Ser.

2018-1A,

Class

M1B

b,h

261,605

38,251

2.780%, 

(LIBOR

1M

+

2.650%),

6/25/2030,

Ser.

2020-1A,

Class

M1A

b,h

38,342

200,000

3.530%, 

(LIBOR

1M

+

3.400%),

6/25/2030,

Ser.

2020-1A,

Class

M1B

b,h

201,965

150,000

2.430%, 

(LIBOR

1M

+

2.300%),

8/26/2030,

Ser.

2020-2A,

Class

M1A

b,h

150,387

BRAVO

Residential

Funding

Trust

125,000

1.991%, 

1/25/2024,

Ser.

2021-A,

Class

A1

h,i

124,998

Business

Jet

Securities,

LLC

96,219

2.981%, 

11/15/2035,

Ser.

2020-1A,

Class

A

h

97,651

CHL

Mortgage

Pass-Through

Trust

222,517

2.680%, 

11/20/2035,

Ser.

2005-HYB7,

Class

6A1

b

193,812

105,687

2.732%, 

12/20/2035,

Ser.

2005-HYB8,

Class

3A1

b

107,435

320,423

6.000%, 

11/25/2037,

Ser.

2007-18,

Class

1A2

250,375

CIM

Trust

193,397

5.000%, 

12/25/2057,

Ser.

2018-R3,

Class

A1

b,h

205,762

Citigroup

Mortgage

Loan

Trust,

Inc.

256,783

3.461%, 

4/25/2037,

Ser.

2007-AR5,

Class

1A1A

b

255,235

Principal

Amount

Long-Term

Fixed

Income

(23.4%)

Value

Collateralized

Mortgage

Obligations

(3.4%)

-

continued

Countrywide

Alternative

Loan

Trust

$

267,799

6.500%, 

8/25/2036,

Ser.

2006-23CB,

Class

2A3

$

145,728

Countrywide

Home

Loan

Mortgage

Pass

Through

Trust

123,922

2.711%, 

11/25/2035,

Ser.

2005-22,

Class

2A1

b

117,956

Credit

Suisse

First

Boston

Mortgage

Securities

Corporation

94,763

5.250%, 

10/25/2035,

Ser.

2005-9,

Class

1A3

94,745

Deutsche

Alt-A

Securities,

Inc.,

Mortgage

Loan

Trust

194,833

5.250%, 

6/25/2035,

Ser.

2005-3,

Class

4A6

199,539

Eagle

Re,

Ltd.

360,939

1.930%, 

(LIBOR

1M

+

1.800%),

4/25/2029,

Ser.

2019-1,

Class

M1B

b,h

361,419

Federal

Home

Loan

Mortgage

Corporation

708,135

3.500%, 

8/15/2035,

Ser.

345,

Class

C8

k

76,884

Federal

Home

Loan

Mortgage

Corporation

-

REMIC

559,411

3.000%, 

5/15/2027,

Ser.

4046,

Class

GI

k

30,417

625,341

3.500%, 

10/15/2032,

Ser.

4119,

Class

KI

k

75,666

694,914

3.000%, 

4/15/2033,

Ser.

4203,

Class

DI

k

50,904

Federal

National

Mortgage

Association

-

REMIC

742,738

3.000%, 

7/25/2027,

Ser.

2012-73,

Class

DI

k

40,149

628,658

3.000%, 

7/25/2027,

Ser.

2012-74,

Class

AI

k

30,426

974,543

3.000%, 

8/25/2027,

Ser.

2012-95,

Class

HI

k

46,206

1,552,897

3.000%, 

11/25/2027,

Ser.

2012-121,

Class

BI

k

97,522

853,003

3.000%, 

12/25/2027,

Ser.

2012-139,

Class

DI

k

44,201

466,141

2.500%, 

1/25/2028,

Ser.

2012-152,

Class

AI

k

24,464

1,106,766

3.000%, 

1/25/2028,

Ser.

2012-147,

Class

EI

k

58,587

1,650,534

3.000%, 

3/25/2028,

Ser.

2013-18,

Class

IL

k

87,712

635,839

2.500%, 

6/25/2028,

Ser.

2013-87,

Class

IW

k

35,439

694,831

3.000%, 

11/25/2031,

Ser.

2013-69,

Class

IO

k

34,493

468,318

3.000%, 

2/25/2033,

Ser.

2013-1,

Class

YI

k

52,084

Genworth

Mortgage

Insurance

Corporation

150,000

2.030%, 

(LIBOR

1M

+

1.900%),

11/26/2029,

Ser.

2019-1,

Class

M1

b,h

150,205

GMAC

Mortgage

Corporation

Loan

Trust

131,681

3.660%, 

5/25/2035,

Ser.

2005-AR2,

Class

4A

b

131,580

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

25

Principal

Amount

Long-Term

Fixed

Income

(23.4%)

Value

Collateralized

Mortgage

Obligations

(3.4%)

-

continued

$

12,203

0.630%, 

(LIBOR

1M

+

0.500%),

8/25/2035,

Ser.

2005-HE1,

Class

A2

b,l

$

14,606

IndyMac

INDA

Mortgage

Loan

Trust

654,106

3.111%, 

8/25/2036,

Ser.

2006-AR1,

Class

A1

b

624,549

IndyMac

INDX

Mortgage

Loan

Trust

403,122

0.550%, 

(LIBOR

1M

+

0.420%),

4/25/2046,

Ser.

2006-AR2,

Class

1A1B

b

377,885

J.P.

Morgan

Alternative

Loan

Trust

110,899

3.524%, 

3/25/2036,

Ser.

2006-A1,

Class

2A1

b

105,191

346,795

6.500%, 

3/25/2036,

Ser.

2006-S1,

Class

1A19

276,188

Legacy

Mortgage

Asset

Trust

278,503

3.250%, 

2/25/2060,

Ser.

2020-GS4,

Class

A1

h,i

284,501

Lehman

Mortgage

Trust

25,205

6.000%, 

1/25/2036,

Ser.

2005-3,

Class

2A7

26,766

Master

Asset

Securitization

Trust

314,254

0.630%, 

(LIBOR

1M

+

0.500%),

6/25/2036,

Ser.

2006-2,

Class

2A2

b

71,250

Merrill

Lynch

Mortgage

Investors

Trust

225,288

3.512%, 

6/25/2035,

Ser.

2005-A5,

Class

M1

b

128,463

New

Residential

Mortgage

Loan

Trust

94,061

4.335%, 

7/25/2060,

Ser.

2020-NPL1,

Class

A1

h,i

95,556

Preston

Ridge

Partners

Mortgage

Trust,

LLC

307,489

3.500%, 

10/25/2024,

Ser.

2019-GS1,

Class

A1

b,h

311,340

184,493

4.750%, 

10/25/2024,

Ser.

2019-GS1,

Class

A2

b,h

185,227

Pretium

Mortgage

Credit

Partners,

LLC

302,380

2.858%, 

5/27/2059,

Ser.

2020-NPL1,

Class

A1

h,i

303,519

Radnor

RE,

Ltd.

475,000

2.830%, 

(LIBOR

1M

+

2.700%),

3/25/2028,

Ser.

2018-1,

Class

M2

b,h

477,242

RCO

Mortgage,

LLC

161,784

3.475%, 

11/25/2024,

Ser.

2019-2,

Class

A1

h,i

162,194

Residential

Accredit

Loans,

Inc.

Trust

143,339

6.000%, 

8/25/2035,

Ser.

2005-QS10,

Class

2A

142,476

149,458

5.750%, 

9/25/2035,

Ser.

2005-QS13,

Class

2A3

149,558

101,239

6.000%, 

1/25/2037,

Ser.

2007-QS1,

Class

1A1

98,949

Residential

Asset

Securitization

Trust

131,770

2.670%, 

1/25/2034,

Ser.

2004-IP1,

Class

A1

b

133,850

Principal

Amount

Long-Term

Fixed

Income

(23.4%)

Value

Collateralized

Mortgage

Obligations

(3.4%)

-

continued

$

213,180

5.500%, 

4/25/2035,

Ser.

2005-A1,

Class

A3

$

222,486

Residential

Funding

Mortgage

Security

I

Trust

237,747

6.000%, 

7/25/2037,

Ser.

2007-S7,

Class

A20

224,068

Silver

Hill

Trust

160,414

3.102%, 

11/25/2049,

Ser.

2019-SBC1,

Class

A1

b,h

167,467

Stanwich

Mortgage

Loan

Trust

137,796

3.475%, 

11/16/2024,

Ser.

2019-NPB2,

Class

A1

h,i

138,481

Starwood

Mortgage

Residential

Trust

207,296

4.121%, 

10/25/2048,

Ser.

2018-IMC2,

Class

A1

b,h

215,561

200,000

3.970%, 

4/25/2060,

Ser.

2020-2,

Class

A2

b,h

211,326

Structured

Adjustable

Rate

Mortgage

Loan

Trust

83,416

3.203%, 

7/25/2035,

Ser.

2005-15,

Class

4A1

b

77,069

148,312

3.201%, 

9/25/2035,

Ser.

2005-18,

Class

1A1

b

120,095

Structured

Asset

Mortgage

Investments,

Inc.

313,825

0.750%, 

(LIBOR

1M

+

0.620%),

12/25/2035,

Ser.

2005-AR4,

Class

A1

b

299,243

Toorak

Mortgage

Corporation

281,742

4.336%, 

8/25/2021,

Ser.

2018-1,

Class

A1

h,i

282,469

250,000

2.734%, 

3/25/2023,

Ser.

2020-1,

Class

A1

h,i

250,869

Vericrest

Opportunity

Loan

Transferee

350,000

3.475%, 

3/25/2050,

Ser.

2020-NPL5,

Class

A1B

h,i

349,513

750,000

4.090%, 

11/25/2049,

Ser.

2019-NPL8,

Class

A1B

h,i

750,623

39,961

3.426%, 

12/27/2049,

Ser.

2019-NP10,

Class

A1A

h,i

40,077

Verus

Securitization

Trust

271,149

3.345%, 

5/25/2059,

Ser.

2019-2,

Class

A2

b,h

273,364

Wachovia

Asset

Securitization,

Inc.

152,771

0.270%, 

(LIBOR

1M

+

0.140%),

7/25/2037,

Ser.

2007-HE1,

Class

A

b,h,l

140,638

WaMu

Mortgage

Pass

Through

Certificates

191,010

1.379%, 

(12

MTA

+

0.880%),

10/25/2046,

Ser.

2006-AR13,

Class

1A

b

177,629

Wells

Fargo

Home

Equity

Trust

174,826

0.880%, 

(LIBOR

1M

+

0.750%),

4/25/2034,

Ser.

2004-1,

Class

M1

b

169,333

Total

12,704,662

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

26

Principal

Amount

Long-Term

Fixed

Income

(23.4%)

Value

Commercial

Mortgage-Backed

Securities

(0.2%)

BFLD

Trust

$

175,000

1.826%, 

(LIBOR

1M

+

1.700%),

10/15/2035,

Ser.

2020-EYP,

Class

B

b,h

$

176,855

Federal

National

Mortgage

Association

-

ACES

4,460,066

1.466%, 

2/25/2031,

Ser.

2019-M21,

Class

X2

b,k

469,971

Total

646,826

Communications

Services

(1.4%)

Altice

France

SA

60,000

5.500%, 

1/15/2028

h

62,475

AMC

Networks,

Inc.

60,000

4.250%, 

2/15/2029

d

59,731

American

Tower

Corporation

46,000

3.375%, 

5/15/2024

49,821

37,000

2.950%, 

1/15/2025

39,910

29,000

4.400%, 

2/15/2026

33,319

AT&T,

Inc.

128,000

4.450%, 

4/1/2024

142,360

Cable

One,

Inc.

30,000

4.000%, 

11/15/2030

h

30,779

CCO

Holdings,

LLC

100,000

5.500%, 

5/1/2026

h

103,571

100,000

5.125%, 

5/1/2027

h

105,146

70,000

4.500%, 

8/15/2030

h

73,718

CCOH

Safari,

LLC

135,000

5.750%, 

2/15/2026

h

139,293

Charter

Communications

Operating,

LLC

46,000

4.500%, 

2/1/2024

50,956

57,000

4.908%, 

7/23/2025

65,710

Comcast

Corporation

35,000

3.700%, 

4/15/2024

38,481

35,000

3.950%, 

10/15/2025

39,902

Cox

Communications,

Inc.

48,000

2.950%, 

6/30/2023

h

50,485

Crown

Castle

International

Corporation

29,000

4.450%, 

2/15/2026

33,364

CSC

Holdings,

LLC

50,000

5.500%, 

5/15/2026

h

51,860

210,000

4.625%, 

12/1/2030

h

214,200

Cumulus

Media

New

Holdings,

Inc.

50,000

6.750%, 

7/1/2026

h

50,750

Deutsche

Telekom

International

Finance

BV

36,000

2.485%, 

9/19/2023

h

37,754

Discovery

Communications,

LLC

40,000

2.950%, 

3/20/2023

42,010

DISH

Network

Corporation,

Convertible

262,000

3.375%, 

8/15/2026

241,588

Embarq

Corporation

110,000

7.995%, 

6/1/2036

134,787

Entercom

Media

Corporation

50,000

6.500%, 

5/1/2027

h

51,250

Fox

Corporation

68,000

4.030%, 

1/25/2024

74,826

Front

Range

BidCo,

Inc.

140,000

4.000%, 

3/1/2027

h

140,395

Principal

Amount

Long-Term

Fixed

Income

(23.4%)

Value

Communications

Services

(1.4%)

-

continued

Frontier

Communications

Corporation

$

50,000

5.875%, 

10/15/2027

h

$

53,735

GCI,

LLC

60,000

4.750%, 

10/15/2028

h

62,531

Hughes

Satellite

Systems

Corporation

30,000

6.625%, 

8/1/2026

33,931

iHeartCommunications,

Inc.

60,000

4.750%, 

1/15/2028

h

61,275

LCPR

Senior

Secured

Financing

DAC

50,000

6.750%, 

10/15/2027

h

53,762

Level

3

Financing,

Inc.

80,000

4.625%, 

9/15/2027

h

83,113

110,000

4.250%, 

7/1/2028

h

112,718

Liberty

Interactive,

LLC,

Convertible

109,000

3.500%, 

1/15/2031

97,006

Meredith

Corporation

60,000

6.500%, 

7/1/2025

h

63,525

Netflix,

Inc.

200,000

4.875%, 

4/15/2028

234,114

Nexstar

Escrow

Corporation

90,000

5.625%, 

7/15/2027

h

95,531

Nielsen

Finance,

LLC

30,000

5.625%, 

10/1/2028

h

32,060

SBA

Communications

Corporation

60,000

3.875%, 

2/15/2027

62,659

50,000

3.125%, 

2/1/2029

h

49,875

Scripps

Escrow

II,

Inc.

40,000

3.875%, 

1/15/2029

h

40,000

SFR

Group

SA

130,000

7.375%, 

5/1/2026

h

135,974

Sinclair

Television

Group,

Inc.

80,000

5.500%, 

3/1/2030

h

82,449

Sirius

XM

Radio,

Inc.

170,000

5.000%, 

8/1/2027

h

178,676

20,000

4.125%, 

7/1/2030

h

20,608

Sprint

Capital

Corporation

80,000

6.875%, 

11/15/2028

102,700

30,000

8.750%, 

3/15/2032

45,825

Sprint

Corporation

205,000

7.625%, 

2/15/2025

244,975

T-Mobile

USA,

Inc.

43,000

3.500%, 

4/15/2025

h

47,136

60,000

2.625%, 

2/15/2029

60,218

50,000

2.875%, 

2/15/2031

50,407

United

States

Cellular

Corporation

50,000

6.700%, 

12/15/2033

64,630

Univision

Communications,

Inc.

100,000

6.625%, 

6/1/2027

h

105,250

VeriSign,

Inc.

40,000

4.750%, 

7/15/2027

42,504

Verizon

Communications,

Inc.

91,000

2.946%, 

3/15/2022

93,705

73,000

1.321%, 

(LIBOR

3M

+

1.100%),

5/15/2025

b

75,118

58,000

0.850%, 

11/20/2025

57,999

Viacom,

Inc.

55,000

4.250%, 

9/1/2023

59,642

38,000

5.875%, 

2/28/2057

b

39,045

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

27

Principal

Amount

Long-Term

Fixed

Income

(23.4%)

Value

Communications

Services

(1.4%)

-

continued

ViaSat,

Inc.

$

80,000

5.625%, 

9/15/2025

h

$

81,824

Virgin

Media

Secured

Finance

plc

70,000

5.500%, 

8/15/2026

h

73,063

Vodafone

Group

plc

48,000

3.750%, 

1/16/2024

52,388

VTR

Finance

NV

40,000

6.375%, 

7/15/2028

h

43,306

Walt

Disney

Company

30,000

1.750%, 

1/13/2026

31,301

Ziggo

BV

100,000

5.500%, 

1/15/2027

h

104,241

Total

5,187,260

Consumer

Cyclical

(1.7%)

1011778

B.C.,

ULC

170,000

4.375%, 

1/15/2028

h

173,400

Allied

Universal

Holdco,

LLC

60,000

6.625%, 

7/15/2026

h

64,272

Allison

Transmission,

Inc

85,000

3.750%, 

1/30/2031

h

84,531

Amazon.com,

Inc.

29,000

0.800%, 

6/3/2025

29,291

American

Axle

&

Manufacturing,

Inc.

90,000

6.500%, 

4/1/2027

g

94,144

American

Honda

Finance

Corporation

53,000

2.050%, 

1/10/2023

54,731

29,000

0.650%, 

9/8/2023

29,203

29,000

1.200%, 

7/8/2025

29,527

Bloomin'

Brands,

Inc.,

Convertible

55,000

5.000%, 

5/1/2025

h

108,075

BMW

Finance

NV

31,000

2.250%, 

8/12/2022

h

31,878

Booking

Holdings,

Inc.,

Convertible

33,000

0.900%, 

9/15/2021

35,962

Brookfield

Property

REIT,

Inc.

50,000

5.750%, 

5/15/2026

h

51,894

Brookfield

Residential

Properties,

Inc.

125,000

6.250%, 

9/15/2027

h

131,875

Burlington

Stores,

Inc.,

Convertible

235,000

2.250%, 

4/15/2025

h

314,493

Carnival

Corporation

60,000

11.500%, 

4/1/2023

h

68,075

40,000

10.500%, 

2/1/2026

h

46,400

20,000

7.625%, 

3/1/2026

h

21,150

Cedar

Fair,

LP

80,000

5.250%, 

7/15/2029

80,073

Colt

Merger

Sub,

Inc.

120,000

6.250%, 

7/1/2025

h

126,470

D.R.

Horton,

Inc.

13,000

2.600%, 

10/15/2025

13,924

Daimler

Finance

North

America,

LLC

29,000

2.550%, 

8/15/2022

h

29,931

Dana,

Inc.

80,000

5.625%, 

6/15/2028

85,300

Dick's

Sporting

Goods,

Inc.,

Convertible

119,000

3.250%, 

4/15/2025

h

244,110

Principal

Amount

Long-Term

Fixed

Income

(23.4%)

Value

Consumer

Cyclical

(1.7%)

-

continued

Empire

Communities

Corporation

$

40,000

7.000%, 

12/15/2025

h

$

42,228

Ford

Motor

Company

30,000

9.000%, 

4/22/2025

36,562

20,000

9.625%, 

4/22/2030

28,344

90,000

7.450%, 

7/16/2031

114,975

Ford

Motor

Credit

Company,

LLC

200,000

4.063%, 

11/1/2024

208,228

140,000

4.134%, 

8/4/2025

147,016

Gap,

Inc.

40,000

8.625%, 

5/15/2025

h

44,788

General

Motors

Company

30,000

5.400%, 

10/2/2023

33,553

26,000

6.125%, 

10/1/2025

31,319

General

Motors

Financial

Company,

Inc.

57,000

4.375%, 

9/25/2021

58,447

33,000

4.200%, 

11/6/2021

33,929

37,000

3.150%, 

6/30/2022

38,235

63,000

3.950%, 

4/13/2024

68,598

44,000

2.900%, 

2/26/2025

46,878

29,000

2.750%, 

6/20/2025

30,820

72,000

5.700%, 

9/30/2030

b,j

80,910

Hanesbrands,

Inc.

130,000

4.875%, 

5/15/2026

h

140,725

Harley-Davidson

Financial

Services,

Inc.

48,000

4.050%, 

2/4/2022

h

49,659

Herc

Holdings,

Inc.

50,000

5.500%, 

7/15/2027

h

52,710

Hilton

Domestic

Operating

Company,

Inc.

210,000

4.875%, 

1/15/2030

226,364

Home

Depot,

Inc.

26,000

3.750%, 

2/15/2024

28,456

Hyundai

Capital

America

48,000

3.000%, 

6/20/2022

h

49,434

29,000

1.800%, 

10/15/2025

h

29,645

International

Game

Technology

plc

80,000

5.250%, 

1/15/2029

h

85,400

KB

Home

70,000

4.800%, 

11/15/2029

77,102

Kohl's

Corporation

38,000

9.500%, 

5/15/2025

49,151

L

Brands,

Inc.

90,000

6.625%, 

10/1/2030

h

100,748

20,000

6.875%, 

11/1/2035

23,186

Landry's,

Inc.

60,000

6.750%, 

10/15/2024

h

60,138

Lennar

Corporation

18,000

4.125%, 

1/15/2022

18,364

40,000

4.875%, 

12/15/2023

44,100

14,000

5.875%, 

11/15/2024

16,191

29,000

4.750%, 

5/30/2025

33,078

Live

Nation

Entertainment,

Inc.

40,000

3.750%, 

1/15/2028

h

40,358

Lowe's

Companies,

Inc.

26,000

4.000%, 

4/15/2025

29,365

Marriott

International,

Inc.

58,000

3.750%, 

10/1/2025

62,664

Marriott

Vacations

Worldwide

Corporation,

Convertible

54,000

1.500%, 

9/15/2022

58,784

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

28

Principal

Amount

Long-Term

Fixed

Income

(23.4%)

Value

Consumer

Cyclical

(1.7%)

-

continued

Mattamy

Group

Corporation

$

130,000

5.250%, 

12/15/2027

h

$

136,825

McDonald's

Corporation

64,000

3.350%, 

4/1/2023

67,923

MGM

Resorts

International

125,000

5.750%, 

6/15/2025

136,791

Nissan

Motor

Company,

Ltd.

29,000

3.043%, 

9/15/2023

h

30,459

Norwegian

Cruise

Line

Holdings,

Ltd.

40,000

10.250%, 

2/1/2026

h

46,400

PetSmart,

Inc.

50,000

4.750%, 

2/15/2028

51,125

Prime

Security

Services

Borrower,

LLC

175,000

5.750%, 

4/15/2026

h

191,590

30,000

3.375%, 

8/31/2027

h

29,611

Ralph

Lauren

Corporation

29,000

1.700%, 

6/15/2022

29,497

Realogy

Group,

LLC

50,000

5.750%, 

1/15/2029

h

51,063

Royal

Caribbean

Cruises,

Ltd.

80,000

9.125%, 

6/15/2023

h

86,300

30,000

11.500%, 

6/1/2025

h

34,591

Scientific

Games

International,

Inc.

100,000

5.000%, 

10/15/2025

h

103,008

SeaWorld

Parks

and

Entertainment,

Inc.

40,000

9.500%, 

8/1/2025

h

42,900

Six

Flags

Entertainment

Corporation

60,000

5.500%, 

4/15/2027

g,h

60,555

Six

Flags

Theme

Parks,

Inc.

40,000

7.000%, 

7/1/2025

h

43,100

Staples,

Inc.

110,000

7.500%, 

4/15/2026

h

112,210

Target

Corporation

26,000

2.250%, 

4/15/2025

27,704

Tenneco,

Inc.

40,000

5.000%, 

7/15/2026

36,900

TJX

Companies,

Inc.

25,000

3.500%, 

4/15/2025

27,760

Toll

Brothers

Finance

Corporation

57,000

5.875%, 

2/15/2022

59,280

Toyota

Motor

Credit

Corporation

43,000

0.450%, 

1/11/2024

43,069

58,000

0.800%, 

10/16/2025

58,324

Under

Armour,

Inc.,

Convertible

33,000

1.500%, 

6/1/2024

h

54,815

Volkswagen

Group

of

America

Finance,

LLC

55,000

4.250%, 

11/13/2023

h

60,372

14,000

3.350%, 

5/13/2025

h

15,339

Wyndham

Destinations,

Inc.

50,000

6.625%, 

7/31/2026

h

55,840

Wyndham

Hotels

&

Resorts,

Inc.

30,000

4.375%, 

8/15/2028

h

30,300

Yum!

Brands,

Inc.

140,000

4.750%, 

1/15/2030

h

150,150

ZF

North

America

Capital,

Inc.

40,000

4.750%, 

4/29/2025

h

43,386

Total

6,186,348

Principal

Amount

Long-Term

Fixed

Income

(23.4%)

Value

Consumer

Non-Cyclical

(1.5%)

Abbott

Laboratories

$

40,000

3.400%, 

11/30/2023

$

43,186

AbbVie,

Inc.

38,000

2.900%, 

11/6/2022

39,644

62,000

2.300%, 

11/21/2022

64,069

36,000

2.800%, 

3/15/2023

37,479

119,000

3.600%, 

5/14/2025

131,905

Albertson's

Companies,

Inc.

125,000

3.500%, 

3/15/2029

h

123,437

40,000

4.875%, 

2/15/2030

h

42,752

Altria

Group,

Inc.

32,000

3.800%, 

2/14/2024

34,893

32,000

4.400%, 

2/14/2026

36,876

Amgen,

Inc.

39,000

1.900%, 

2/21/2025

40,888

Anheuser-Busch

Companies,

LLC

32,000

3.650%, 

2/1/2026

35,906

Anheuser-Busch

InBev

Worldwide,

Inc.

51,000

4.150%, 

1/23/2025

57,668

Anthem,

Inc.

39,000

2.375%, 

1/15/2025

41,387

Aramark

Services,

Inc.

40,000

6.375%, 

5/1/2025

h

42,524

AstraZeneca

plc

31,000

0.700%, 

4/8/2026

30,567

BAT

Capital

Corporation

51,000

3.222%, 

8/15/2024

55,042

BAT

International

Finance

plc

29,000

1.668%, 

3/25/2026

29,450

Bausch

Health

Companies,

Inc.

30,000

5.000%, 

1/30/2028

h

30,909

90,000

5.000%, 

2/15/2029

h

92,129

Bayer

U.S.

Finance

II,

LLC

64,000

3.500%, 

6/25/2021

h

64,649

Boston

Scientific

Corporation

64,000

3.450%, 

3/1/2024

69,245

Bristol-Myers

Squibb

Company

51,000

3.625%, 

5/15/2024

55,905

Bunge,

Ltd.

Finance

Corporation

35,000

1.630%, 

8/17/2025

35,847

Cargill,

Inc.

15,000

1.375%, 

7/23/2023

h

15,380

Centene

Corporation

40,000

5.375%, 

8/15/2026

h

41,950

30,000

4.250%, 

12/15/2027

31,737

80,000

4.625%, 

12/15/2029

88,696

110,000

3.000%, 

10/15/2030

115,055

Central

Garden

&

Pet

Company

70,000

4.125%, 

10/15/2030

73,178

Cigna

Corporation

69,000

4.125%, 

11/15/2025

79,142

Community

Health

Systems,

Inc.

40,000

6.000%, 

1/15/2029

h

42,500

70,000

6.875%, 

4/15/2029

d,h

70,787

Conagra

Brands,

Inc.

34,000

4.300%, 

5/1/2024

37,851

Constellation

Brands,

Inc.

64,000

4.250%, 

5/1/2023

69,238

CVS

Health

Corporation

38,000

2.750%, 

12/1/2022

39,414

48,000

3.700%, 

3/9/2023

51,193

64,000

4.100%, 

3/25/2025

72,284

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

29

Principal

Amount

Long-Term

Fixed

Income

(23.4%)

Value

Consumer

Non-Cyclical

(1.5%)

-

continued

DaVita,

Inc.

$

90,000

4.625%, 

6/1/2030

h

$

94,529

Diageo

Capital

plc

35,000

1.375%, 

9/29/2025

35,941

Edgewell

Personal

Care

Company

40,000

5.500%, 

6/1/2028

h

42,789

Encompass

Health

Corporation

110,000

4.500%, 

2/1/2028

114,538

Energizer

Holdings,

Inc.

130,000

4.375%, 

3/31/2029

h

132,925

General

Mills,

Inc.

32,000

3.700%, 

10/17/2023

34,745

32,000

3.650%, 

2/15/2024

34,741

H.

J.

Heinz

Company

20,000

5.200%, 

7/15/2045

23,260

HCA,

Inc.

250,000

5.375%, 

2/1/2025

280,685

HLF

Financing

SARL,

LLC

60,000

7.250%, 

8/15/2026

h

63,356

Illumina,

Inc.,

Convertible

20,000

0.500%, 

6/15/2021

33,359

Imperial

Brands

Finance

plc

36,000

3.125%, 

7/26/2024

h

38,420

Ionis

Pharmaceuticals,

Inc.,

Convertible

52,000

0.125%, 

12/15/2024

54,750

JBS

Investments

II

GmbH

30,000

5.750%, 

1/15/2028

h

31,802

JBS

USA,

LLC

90,000

5.500%, 

1/15/2030

h

102,231

Kraft

Foods

Group,

Inc.

100,000

5.000%, 

6/4/2042

115,578

Kraft

Heinz

Foods

Company

100,000

4.625%, 

1/30/2029

114,228

160,000

3.750%, 

4/1/2030

171,750

40,000

4.250%, 

3/1/2031

44,996

Kroger

Company

37,000

2.800%, 

8/1/2022

38,308

McKesson

Corporation

29,000

0.900%, 

12/3/2025

28,944

Medtronic,

Inc.

8,000

3.500%, 

3/15/2025

8,918

Molina

Healthcare,

Inc.

70,000

4.375%, 

6/15/2028

h

72,938

MPH

Acquisition

Holdings,

LLC

40,000

5.750%, 

11/1/2028

g,h

39,650

Mylan

NV

37,000

3.150%, 

6/15/2021

37,288

Mylan,

Inc.

36,000

4.200%, 

11/29/2023

39,216

Novartis

Capital

Corporation

30,000

1.750%, 

2/14/2025

31,339

Par

Pharmaceutical,

Inc.

100,000

7.500%, 

4/1/2027

h

107,832

PepsiCo,

Inc.

39,000

2.250%, 

3/19/2025

41,534

Philip

Morris

International,

Inc.

17,000

1.500%, 

5/1/2025

17,551

Pilgrim's

Pride

Corporation

40,000

5.875%, 

9/30/2027

h

42,568

QBE

Insurance

Group,

Ltd.

72,000

5.875%, 

5/12/2025

b,h,j

78,293

Principal

Amount

Long-Term

Fixed

Income

(23.4%)

Value

Consumer

Non-Cyclical

(1.5%)

-

continued

Reynolds

American,

Inc.

$

32,000

4.850%, 

9/15/2023

$

35,549

Royalty

Pharma

plc

29,000

1.200%, 

9/2/2025

h

29,229

Scotts

Miracle-Gro

Company

120,000

4.500%, 

10/15/2029

128,700

SEG

Holding,

LLC

80,000

5.625%, 

10/15/2028

h

85,280

Simmons

Foods,

Inc.

80,000

5.750%, 

11/1/2024

h

82,300

Spectrum

Brands,

Inc.

50,000

5.000%, 

10/1/2029

h

52,915

30,000

5.500%, 

7/15/2030

h

32,250

Syneos

Health,

Inc.

40,000

3.625%, 

1/15/2029

h

39,988

Sysco

Corporation

55,000

5.650%, 

4/1/2025

65,311

Teleflex,

Inc.

100,000

4.625%, 

11/15/2027

105,737

Tenet

Healthcare

Corporation

50,000

4.625%, 

7/15/2024

50,890

160,000

5.125%, 

11/1/2027

h

168,618

Teva

Pharmaceutical

Finance

Netherlands

III

BV

15,000

2.200%, 

7/21/2021

14,987

90,000

2.800%, 

7/21/2023

89,226

Thermo

Fisher

Scientific,

Inc.

26,000

4.133%, 

3/25/2025

29,415

Upjohn,

Inc.

29,000

1.650%, 

6/22/2025

h

29,875

VRX

Escrow

Corporation

210,000

6.125%, 

4/15/2025

h

215,158

Zoetis,

Inc.

54,000

3.250%, 

2/1/2023

56,692

Total

5,525,884

Energy

(1.5%)

Antero

Midstream

Partners,

LP

30,000

5.750%, 

3/1/2027

h

29,919

Antero

Resources

Corporation

20,000

5.625%, 

6/1/2023

19,775

60,000

5.000%, 

3/1/2025

56,850

Apache

Corporation

55,000

4.875%, 

11/15/2027

56,512

60,000

4.375%, 

10/15/2028

59,738

50,000

5.100%, 

9/1/2040

50,628

Archrock

Partners,

LP

60,000

6.250%, 

4/1/2028

h

61,275

Blue

Racer

Midstream,

LLC

40,000

7.625%, 

12/15/2025

h

42,325

BP

Capital

Markets

America,

Inc.

152,000

2.520%, 

9/19/2022

157,141

15,000

2.937%, 

4/6/2023

15,820

BP

Capital

Markets

plc

72,000

4.875%, 

3/22/2030

b,j

78,466

Buckeye

Partners,

LP

70,000

4.125%, 

3/1/2025

h

70,962

Canadian

Natural

Resources,

Ltd.

38,000

2.950%, 

1/15/2023

39,611

29,000

2.050%, 

7/15/2025

30,050

Canadian

Oil

Sands,

Ltd.

37,000

9.400%, 

9/1/2021

h

38,362

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

30

Principal

Amount

Long-Term

Fixed

Income

(23.4%)

Value

Energy

(1.5%)

-

continued

Cenovus

Energy,

Inc.

$

59,000

5.375%, 

7/15/2025

$

66,666

20,000

6.750%, 

11/15/2039

25,907

Cheniere

Corpus

Christi

Holdings,

LLC

51,000

5.875%, 

3/31/2025

59,087

Cheniere

Energy

Partners,

LP

185,000

5.625%, 

10/1/2026

192,465

Cheniere

Energy,

Inc.,

Convertible

28,000

4.250%, 

3/15/2045

22,692

Chevron

Corporation

14,000

1.141%, 

5/11/2023

14,257

29,000

1.554%, 

5/11/2025

29,935

Chevron

USA,

Inc.

46,000

3.900%, 

11/15/2024

51,354

CNX

Resources

Corporation

50,000

6.000%, 

1/15/2029

h

51,673

Comstock

Resources,

Inc.

40,000

9.750%, 

8/15/2026

42,600

Continental

Resources,

Inc.

10,000

4.500%, 

4/15/2023

10,263

30,000

4.375%, 

1/15/2028

30,594

40,000

5.750%, 

1/15/2031

h

43,300

Devon

Energy

Corporation

29,000

5.850%, 

12/15/2025

34,026

Diamondback

Energy,

Inc.

31,000

2.875%, 

12/1/2024

32,750

Enagas

SA

85,000

5.500%, 

1/15/2028

h

84,150

Enbridge,

Inc.

38,000

2.900%, 

7/15/2022

39,271

244,000

6.250%, 

3/1/2078

b

264,549

Encana

Corporation

30,000

6.625%, 

8/15/2037

36,118

Endeavor

Energy

Resources,

LP

70,000

5.750%, 

1/30/2028

h

74,200

Energy

Transfer

Operating,

LP

37,000

4.200%, 

9/15/2023

39,847

64,000

5.875%, 

1/15/2024

71,767

74,000

6.625%, 

2/15/2028

b,j

63,270

EnLink

Midstream

Partners,

LP

60,000

4.850%, 

7/15/2026

58,262

55,000

5.600%, 

4/1/2044

44,138

Enterprise

Products

Operating,

LLC

190,000

4.875%, 

8/16/2077

b

181,489

EOG

Resources,

Inc.

60,000

2.625%, 

3/15/2023

62,485

EQM

Midstream

Partners,

LP

70,000

6.500%, 

7/1/2027

h

74,956

30,000

5.500%, 

7/15/2028

31,072

40,000

4.500%, 

1/15/2029

h

38,609

30,000

6.500%, 

7/15/2048

28,626

EQT

Corporation

100,000

3.900%, 

10/1/2027

103,875

EQT

Corporation,

Convertible

80,000

1.750%, 

5/1/2026

h

108,455

Equinor

ASA

25,000

2.875%, 

4/6/2025

27,085

Exxon

Mobil

Corporation

20,000

1.571%, 

4/15/2023

20,540

27,000

2.992%, 

3/19/2025

29,348

Principal

Amount

Long-Term

Fixed

Income

(23.4%)

Value

Energy

(1.5%)

-

continued

Genesis

Energy,

LP

$

30,000

6.500%, 

10/1/2025

$

27,759

20,000

8.000%, 

1/15/2027

19,006

Harvest

Midstream,

LP

70,000

7.500%, 

9/1/2028

h

73,518

Hess

Corporation

24,000

3.500%, 

7/15/2024

25,350

Hess

Midstream

Operations,

LP

50,000

5.625%, 

2/15/2026

h

51,896

Hilcorp

Energy

I,

LP

30,000

5.750%, 

2/1/2029

h

30,505

Kinder

Morgan

Energy

Partners,

LP

76,000

3.450%, 

2/15/2023

79,674

Marathon

Petroleum

Corporation

32,000

4.750%, 

12/15/2023

35,387

29,000

4.700%, 

5/1/2025

33,097

MEG

Energy

Corporation

60,000

5.875%, 

2/1/2029

d,h

59,550

MPLX,

LP

57,000

4.500%, 

7/15/2023

61,734

35,000

1.750%, 

3/1/2026

35,688

Murphy

Oil

Corporation

50,000

5.875%, 

12/1/2027

47,535

National

Fuel

Gas

Company

29,000

5.500%, 

1/15/2026

33,747

Newfield

Exploration

Company

79,000

5.625%, 

7/1/2024

85,972

NGL

Energy

Partners,

LP

40,000

7.500%, 

11/1/2023

36,500

NuStar

Logistics,

LP

70,000

5.750%, 

10/1/2025

74,200

Occidental

Petroleum

Corporation

50,000

3.450%, 

7/15/2024

48,000

120,000

2.900%, 

8/15/2024

116,100

40,000

3.400%, 

4/15/2026

38,637

40,000

8.500%, 

7/15/2027

46,988

70,000

3.500%, 

8/15/2029

64,951

40,000

6.450%, 

9/15/2036

43,895

100,000

4.400%, 

4/15/2046

88,077

ONEOK,

Inc.

13,000

2.200%, 

9/15/2025

13,534

PDC

Energy,

Inc.,

Convertible

3,000

1.125%, 

9/15/2021

2,926

Pioneer

Natural

Resources

Company

43,000

1.125%, 

1/15/2026

43,073

Pioneer

Natural

Resources

Company,

Convertible

38,000

0.250%, 

5/15/2025

h

52,406

Plains

All

American

Pipeline,

LP

155,000

6.125%, 

11/15/2022

b,j

128,619

12,000

2.850%, 

1/31/2023

12,353

13,000

3.600%, 

11/1/2024

13,954

36,000

4.650%, 

10/15/2025

40,289

QEP

Resources,

Inc.

40,000

5.625%, 

3/1/2026

44,604

Range

Resources

Corporation

30,000

9.250%, 

2/1/2026

32,694

30,000

8.250%, 

1/15/2029

h

31,500

Sabine

Pass

Liquefaction,

LLC

38,000

6.250%, 

3/15/2022

39,842

38,000

5.625%, 

4/15/2023

41,563

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

31

Principal

Amount

Long-Term

Fixed

Income

(23.4%)

Value

Energy

(1.5%)

-

continued

Schlumberger

Finance

Canada,

Ltd.

$

29,000

1.400%, 

9/17/2025

$

29,494

Shell

International

Finance

BV

25,000

2.375%, 

4/6/2025

26,618

Southwestern

Energy

Company

65,000

7.500%, 

4/1/2026

67,912

Suncor

Energy,

Inc.

29,000

3.100%, 

5/15/2025

31,514

Sunoco

Logistics

Partners

Operations,

LP

60,000

4.400%, 

4/1/2021

60,190

Sunoco,

LP

70,000

5.875%, 

3/15/2028

74,200

30,000

4.500%, 

5/15/2029

h

30,663

Targa

Resources

Partners,

LP

50,000

5.375%, 

2/1/2027

51,673

20,000

5.000%, 

1/15/2028

20,650

Transocean

Guardian,

Ltd.

50,751

5.875%, 

1/15/2024

h

44,915

USA

Compression

Partners,

LP

30,000

6.875%, 

4/1/2026

31,356

W&T

Offshore,

Inc.

75,000

9.750%, 

11/1/2023

h

59,305

Weatherford

International,

Ltd.

60,000

8.750%, 

9/1/2024

h

61,800

Western

Gas

Partners,

LP

38,000

4.000%, 

7/1/2022

38,958

Western

Midstream

Operating,

LP

30,000

4.100%, 

2/1/2025

31,067

60,000

3.950%, 

6/1/2025

60,900

30,000

5.500%, 

8/15/2048

29,700

Williams

Partners,

LP

77,000

4.000%, 

11/15/2021

78,453

42,000

4.500%, 

11/15/2023

46,115

WPX

Energy,

Inc.

29,000

5.250%, 

9/15/2024

32,244

Total

5,659,965

Financials

(4.3%)

ACE

INA

Holdings,

Inc.

60,000

2.875%, 

11/3/2022

62,393

AerCap

Ireland

Capital

DAC

50,000

3.150%, 

2/15/2024

52,411

29,000

3.500%, 

1/15/2025

30,935

Air

Lease

Corporation

73,000

2.500%, 

3/1/2021

73,121

Aircastle,

Ltd.

46,000

5.000%, 

4/1/2023

49,441

Ally

Financial,

Inc.

43,000

1.450%, 

10/2/2023

43,704

60,000

5.750%, 

11/20/2025

69,854

American

Express

Company

36,000

3.700%, 

8/3/2023

38,858

32,000

3.400%, 

2/22/2024

34,696

American

International

Group,

Inc.

14,000

2.500%, 

6/30/2025

14,919

Ares

Capital

Corporation

15,000

4.250%, 

3/1/2025

16,242

29,000

3.875%, 

1/15/2026

31,212

Athene

Global

Funding

53,000

4.000%, 

1/25/2022

h

54,824

Principal

Amount

Long-Term

Fixed

Income

(23.4%)

Value

Financials

(4.3%)

-

continued

Australia

and

New

Zealand

Banking

Group,

Ltd.

$

52,000

2.950%, 

7/22/2030

b,h

$

54,867

Aviation

Capital

Group,

LLC

39,000

5.500%, 

12/15/2024

h

44,037

Avolon

Holdings

Funding,

Ltd.

16,000

5.250%, 

5/15/2024

h

17,436

23,000

4.250%, 

4/15/2026

h

24,831

BAC

Capital

Trust

XIV

84,000

4.000%, 

(LIBOR

3M

+

0.400%),

2/17/2021

b,j

82,782

Banco

Santander

Mexico

SA

14,000

5.375%, 

4/17/2025

h

16,022

Bank

of

America

Corporation

50,000

3.004%, 

12/20/2023

b

52,384

103,000

3.550%, 

3/5/2024

b

109,554

129,000

3.864%, 

7/23/2024

b

139,450

64,000

4.200%, 

8/26/2024

71,493

395,000

6.250%, 

9/5/2024

b,j

437,179

41,000

0.810%, 

10/24/2024

b

41,250

32,000

3.458%, 

3/15/2025

b

34,731

71,000

6.100%, 

3/17/2025

b,j

79,936

72,000

1.319%, 

6/19/2026

b

72,876

57,000

1.197%, 

10/24/2026

b

57,565

144,000

5.875%, 

3/15/2028

b,j

159,404

Bank

of

Montreal

96,000

3.300%, 

2/5/2024

104,122

Bank

of

New

York

Mellon

Corporation

15,000

1.600%, 

4/24/2025

15,596

36,000

4.700%, 

9/20/2025

b,j

39,420

Bank

of

Nova

Scotia

71,000

2.375%, 

1/18/2023

73,833

29,000

1.950%, 

2/1/2023

29,937

108,000

4.900%, 

6/4/2025

b,j

115,970

Barclays

plc

59,000

4.610%, 

2/15/2023

b

61,445

74,000

4.338%, 

5/16/2024

b

79,945

67,000

8.000%, 

6/15/2024

b,j

75,124

29,000

4.375%, 

9/11/2024

32,247

35,000

2.852%, 

5/7/2026

b

37,303

BB&T

Corporation

36,000

2.500%, 

8/1/2024

38,368

BNP

Paribas

SA

72,000

7.625%, 

3/30/2021

b,h,j

72,540

35,000

2.819%, 

11/19/2025

b,h

37,324

BPCE

SA

32,000

3.000%, 

5/22/2022

h

33,096

29,000

2.375%, 

1/14/2025

h

30,528

Camden

Property

Trust

32,000

4.875%, 

6/15/2023

34,852

Canadian

Imperial

Bank

of

Commerce

29,000

2.250%, 

1/28/2025

30,681

CANPACK

SA

80,000

3.125%, 

11/1/2025

h

81,300

Capital

One

Bank

USA

NA

48,000

3.375%, 

2/15/2023

50,686

44,000

2.280%, 

1/28/2026

b

45,986

Capital

One

Financial

Corporation

111,000

3.050%, 

3/9/2022

114,055

Cascades

USA,

Inc.

50,000

5.125%, 

1/15/2026

h

53,000

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

32

Principal

Amount

Long-Term

Fixed

Income

(23.4%)

Value

Financials

(4.3%)

-

continued

Central

Fidelity

Capital

Trust

I

$

125,000

1.241%, 

(LIBOR

3M

+

1.000%),

4/15/2027

b

$

120,251

Charles

Schwab

Corporation

288,000

5.375%, 

6/1/2025

b,j

319,208

Chobani,

LLC

80,000

4.625%, 

11/15/2028

h

81,600

CIT

Group,

Inc.

43,000

5.250%, 

3/7/2025

49,304

Citigroup,

Inc.

38,000

2.750%, 

4/25/2022

39,051

125,000

2.312%, 

11/4/2022

b

126,746

73,000

3.142%, 

1/24/2023

b

74,928

142,000

5.950%, 

1/30/2023

b,j

149,524

168,000

5.000%, 

9/12/2024

b,j

174,195

96,000

3.352%, 

4/24/2025

b

103,884

84,000

5.950%, 

5/15/2025

b,j

91,245

72,000

5.500%, 

9/13/2025

85,768

72,000

4.000%, 

12/10/2025

b,j

72,990

58,000

1.122%, 

1/28/2027

b

57,983

CNA

Financial

Corporation

38,000

3.950%, 

5/15/2024

41,852

Comerica,

Inc.

36,000

5.625%, 

7/1/2025

b,j

39,600

Cooperatieve

Centrale

Raiffeisen-

Boerenleenbank

BA

74,000

3.950%, 

11/9/2022

78,382

Cooperatieve

Rabobank

UA

29,000

1.339%, 

6/24/2026

b,h

29,478

Corporate

Office

Properties,

LP

29,000

2.250%, 

3/15/2026

30,122

Credit

Acceptance

Corporation

60,000

5.125%, 

12/31/2024

h

61,650

Credit

Agricole

SA

38,000

3.375%, 

1/10/2022

h

39,072

72,000

8.125%, 

12/23/2025

b,h,j

86,940

29,000

1.907%, 

6/16/2026

b,h

29,924

Credit

Suisse

Group

AG

41,000

6.500%, 

8/8/2023

h

46,193

126,000

7.500%, 

12/11/2023

b,h,j

139,613

31,000

2.593%, 

9/11/2025

b,h

32,711

Credit

Suisse

Group

Funding

(Guernsey),

Ltd.

114,000

3.800%, 

9/15/2022

120,070

Dai-ichi

Life

Insurance

Company,

Ltd.

216,000

5.100%, 

10/28/2024

b,g,h,j

240,235

Danske

Bank

AS

56,000

5.000%, 

1/12/2023

b,h

58,192

Deutsche

Bank

AG

58,000

2.222%, 

9/18/2024

b

59,642

55,000

2.129%, 

11/24/2026

b

55,811

Deutsche

Bank

AG

of

New

York

31,000

3.950%, 

2/27/2023

32,915

Digital

Realty

Trust,

LP

55,000

2.750%, 

2/1/2023

57,608

Discover

Bank

36,000

4.200%, 

8/8/2023

39,272

47,000

2.450%, 

9/12/2024

49,669

Diversified

Healthcare

Trust

20,000

4.750%, 

2/15/2028

20,000

Principal

Amount

Long-Term

Fixed

Income

(23.4%)

Value

Financials

(4.3%)

-

continued

Drawbridge

Special

Opportunities

Fund,

LP

$

80,000

3.875%, 

2/15/2026

h

$

80,601

ESH

Hospitality,

Inc.

60,000

5.250%, 

5/1/2025

h

61,200

30,000

4.625%, 

10/1/2027

h

30,674

Fidelity

National

Financial,

Inc.

52,000

5.500%, 

9/1/2022

55,895

Fifth

Third

Bancorp

57,000

2.600%, 

6/15/2022

58,640

32,000

3.650%, 

1/25/2024

34,800

72,000

4.500%, 

9/30/2025

b,j

76,320

First

Horizon

National

Corporation

34,000

3.550%, 

5/26/2023

36,091

FNB

Corporation

53,000

2.200%, 

2/24/2023

53,958

Fortress

Transportation

40,000

6.500%, 

10/1/2025

h

41,400

FTI

Consulting,

Inc.,

Convertible

122,000

2.000%, 

8/15/2023

151,463

Global

Net

Lease,

Inc.

90,000

3.750%, 

12/15/2027

h

91,640

Goldman

Sachs

Group,

Inc.

159,000

4.128%, 

(LIBOR

3M

+

3.922%),

2/5/2021

b,j

158,253

51,000

2.876%, 

10/31/2022

b

51,927

37,000

1.275%, 

(LIBOR

3M

+

1.050%),

6/5/2023

b

37,373

57,000

0.627%, 

11/17/2023

b

57,070

64,000

3.625%, 

2/20/2024

69,544

190,000

5.500%, 

8/10/2024

b,j

208,755

25,000

3.500%, 

4/1/2025

27,597

45,000

3.272%, 

9/29/2025

b

48,994

44,000

4.250%, 

10/21/2025

49,995

Hannon

Armstrong

Sustainable

Infrastructure

Capital,

Convertible

113,000

4.125%, 

9/1/2022

245,775

Hartford

Financial

Services

Group,

Inc.

59,000

2.346%, 

(LIBOR

3M

+

2.125%),

2/12/2047

b,h

54,273

HSBC

Holdings

plc

76,000

6.875%, 

6/1/2021

b,j

77,056

59,000

3.803%, 

3/11/2025

b

64,283

124,000

6.375%, 

3/30/2025

b,j

135,433

36,000

2.633%, 

11/7/2025

b

38,140

35,000

1.645%, 

4/18/2026

b

35,688

35,000

1.589%, 

5/24/2027

b

35,440

84,000

6.500%, 

3/23/2028

b,j

94,798

100,000

4.600%, 

12/17/2030

b,j

101,375

Huntington

Bancshares,

Inc.

108,000

4.450%, 

10/15/2027

b,j

115,398

Icahn

Enterprises,

LP

40,000

6.375%, 

12/15/2025

41,250

40,000

6.250%, 

5/15/2026

42,264

ILFC

E-Capital

Trust

II

126,000

3.480%, 

(H15T30Y

+

1.800%),

12/21/2065

b,h

101,783

ING

Groep

NV

64,000

4.100%, 

10/2/2023

70,060

Intercontinental

Exchange,

Inc.

29,000

0.700%, 

6/15/2023

29,202

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

33

Principal

Amount

Long-Term

Fixed

Income

(23.4%)

Value

Financials

(4.3%)

-

continued

Iron

Mountain,

Inc.

$

50,000

4.875%, 

9/15/2027

h

$

52,250

iStar,

Inc.

60,000

4.250%, 

8/1/2025

59,100

iStar,

Inc.,

Convertible

29,000

3.125%, 

9/15/2022

34,454

J.P.

Morgan

Chase

&

Company

89,000

2.776%, 

4/25/2023

b

91,583

64,000

3.375%, 

5/1/2023

68,168

180,000

5.150%, 

5/1/2023

b,j

185,175

72,000

6.000%, 

8/1/2023

b,j

75,222

78,000

1.448%, 

(LIBOR

3M

+

1.230%),

10/24/2023

b

79,448

72,000

6.750%, 

2/1/2024

b,j

80,956

270,000

5.000%, 

8/1/2024

b,j

284,798

64,000

3.875%, 

9/10/2024

71,228

133,000

4.023%, 

12/5/2024

b

145,919

234,000

4.600%, 

2/1/2025

b,j

240,786

20,000

2.083%, 

4/22/2026

b

20,920

58,000

1.045%, 

11/19/2026

b

58,125

Kilroy

Realty,

LP

32,000

4.375%, 

10/1/2025

35,842

Lincoln

National

Corporation

40,000

2.580%, 

(LIBOR

3M

+

2.358%),

5/17/2066

b

33,750

Lloyds

Banking

Group

plc

61,000

3.000%, 

1/11/2022

62,543

47,000

2.858%, 

3/17/2023

b

48,210

60,000

3.900%, 

3/12/2024

65,914

72,000

7.500%, 

6/27/2024

b,j

80,064

142,000

6.657%, 

5/21/2037

b,h,j

182,825

MetLife,

Inc.

72,000

3.850%, 

9/15/2025

b,j

74,340

140,000

5.875%, 

3/15/2028

b,j

161,910

MGIC

Investment

Corporation,

Convertible

41,000

9.000%, 

4/1/2063

h

54,018

MGM

Growth

Properties

Operating

Partnership,

LP

80,000

4.625%, 

6/15/2025

h

84,800

Mitsubishi

UFJ

Financial

Group,

Inc.

38,000

2.998%, 

2/22/2022

39,071

54,000

2.623%, 

7/18/2022

55,791

73,000

3.455%, 

3/2/2023

77,526

32,000

3.407%, 

3/7/2024

34,793

35,000

1.412%, 

7/17/2025

35,670

Mizuho

Financial

Group,

Inc.

54,000

2.721%, 

7/16/2023

b

55,757

Morgan

Stanley

37,000

2.750%, 

5/19/2022

38,158

40,000

4.875%, 

11/1/2022

43,011

74,000

3.125%, 

1/23/2023

78,014

61,000

4.100%, 

5/22/2023

65,853

29,000

0.560%, 

11/10/2023

b

29,022

32,000

2.720%, 

7/22/2025

b

34,150

20,000

5.000%, 

11/24/2025

23,623

20,000

2.188%, 

4/28/2026

b

21,008

29,000

0.985%, 

12/10/2026

b

28,931

MPT

Operating

Partnership,

LP

50,000

5.250%, 

8/1/2026

51,750

80,000

4.625%, 

8/1/2029

85,558

National

Bank

of

Canada

44,000

2.100%, 

2/1/2023

45,418

Principal

Amount

Long-Term

Fixed

Income

(23.4%)

Value

Financials

(4.3%)

-

continued

National

Securities

Clearing

Corporation

$

15,000

1.200%, 

4/23/2023

h

$

15,288

Natwest

Group

plc

32,000

6.125%, 

12/15/2022

35,007

32,000

6.100%, 

6/10/2023

35,619

Nippon

Life

Insurance

Company

142,000

5.100%, 

10/16/2044

b,h

158,550

117,000

3.400%, 

1/23/2050

b,h

124,020

Nomura

Holdings,

Inc.

35,000

2.648%, 

1/16/2025

37,262

Omega

Healthcare

Investors,

Inc.

29,000

5.250%, 

1/15/2026

33,210

Owl

Rock

Technology

Finance

Corporation

29,000

3.750%, 

6/17/2026

h

29,696

Park

Aerospace

Holdings,

Ltd.

16,000

4.500%, 

3/15/2023

h

16,819

PayPal

Holdings,

Inc.

29,000

1.650%, 

6/1/2025

30,048

Pebblebrook

Hotel

Trust,

Convertible

28,000

1.750%, 

12/15/2026

29,794

PNC

Financial

Services

Group,

Inc.

32,000

3.500%, 

1/23/2024

34,812

Provident

Financing

Trust

I

36,000

7.405%, 

3/15/2038

41,474

Prudential

Financial,

Inc.

210,000

5.625%, 

6/15/2043

b

225,969

170,000

5.200%, 

3/15/2044

b

181,997

36,000

3.700%, 

10/1/2050

b

37,710

Quicken

Loans,

LLC

50,000

3.625%, 

3/1/2029

h

50,023

50,000

3.875%, 

3/1/2031

h

50,688

Regions

Financial

Corporation

37,000

3.800%, 

8/14/2023

39,970

72,000

5.750%, 

6/15/2025

b,j

80,415

Reinsurance

Group

of

America,

Inc.

56,000

4.700%, 

9/15/2023

61,722

Royal

Bank

of

Canada

20,000

1.600%, 

4/17/2023

20,549

29,000

2.250%, 

11/1/2024

30,828

Royal

Bank

of

Scotland

Group

plc

72,000

8.625%, 

8/15/2021

b,j

74,520

81,000

4.269%, 

3/22/2025

b

89,224

23,000

3.754%, 

11/1/2029

b

24,576

Santander

Holdings

USA,

Inc.

28,000

3.450%, 

6/2/2025

30,464

Santander

UK

Group

Holdings

plc

76,000

2.875%, 

8/5/2021

76,984

Santander

UK

plc

44,000

2.100%, 

1/13/2023

45,445

Service

Properties

Trust

50,000

4.500%, 

6/15/2023

50,325

20,000

4.750%, 

10/1/2026

19,200

40,000

5.500%, 

12/15/2027

42,731

Simon

Property

Group,

LP

57,000

2.000%, 

9/13/2024

59,486

Societe

Generale

SA

36,000

2.625%, 

10/16/2024

h

37,957

72,000

8.000%, 

9/29/2025

b,h,j

84,612

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

34

Principal

Amount

Long-Term

Fixed

Income

(23.4%)

Value

Financials

(4.3%)

-

continued

$

35,000

1.488%, 

12/14/2026

b,h

$

35,100

Springleaf

Finance

Corporation

160,000

6.875%, 

3/15/2025

183,100

Standard

Chartered

plc

48,000

2.744%, 

9/10/2022

b,h

48,613

43,000

1.319%, 

10/14/2023

b,h

43,454

35,000

0.991%, 

1/12/2025

b,h

35,016

Starwood

Property

Trust,

Inc.,

Convertible

24,000

4.375%, 

4/1/2023

24,251

State

Street

Corporation

25,000

2.825%, 

3/30/2023

b

25,725

28,000

2.354%, 

11/1/2025

b

29,867

Sumitomo

Mitsui

Financial

Group,

Inc.

37,000

2.784%, 

7/12/2022

38,299

128,000

2.778%, 

10/18/2022

133,206

36,000

2.448%, 

9/27/2024

38,298

Sumitomo

Mitsui

Trust

Bank,

Ltd.

29,000

1.050%, 

9/12/2025

h

29,102

Synchrony

Financial

36,000

2.850%, 

7/25/2022

37,153

34,000

4.250%, 

8/15/2024

37,366

Toronto-Dominion

Bank

32,000

3.250%, 

3/11/2024

34,729

Truist

Bank

39,000

1.500%, 

3/10/2025

40,290

Truist

Financial

Corporation

162,000

4.950%, 

9/1/2025

b,j

176,985

UBS

Group

AG

35,000

1.364%, 

1/30/2027

b,h

35,301

USB

Realty

Corporation

168,000

1.388%, 

(LIBOR

3M

+

1.147%),

1/15/2022

b,h,j

128,310

Ventas

Realty,

LP

37,000

3.100%, 

1/15/2023

38,740

32,000

3.750%, 

5/1/2024

34,838

VEREIT

Operating

Partnership,

LP

29,000

4.625%, 

11/1/2025

33,484

VICI

Properties,

LP

40,000

4.250%, 

12/1/2026

h

41,374

20,000

3.750%, 

2/15/2027

h

20,325

40,000

4.625%, 

12/1/2029

h

42,600

20,000

4.125%, 

8/15/2030

h

20,813

Wachovia

Capital

Trust

II

40,000

0.741%, 

(LIBOR

3M

+

0.500%),

1/15/2027

b

38,518

Wells

Fargo

&

Company

37,000

2.625%, 

7/22/2022

38,275

64,000

4.125%, 

8/15/2023

69,635

50,000

1.442%, 

(LIBOR

3M

+

1.230%),

10/31/2023

b

50,832

34,000

3.750%, 

1/24/2024

36,988

44,000

1.654%, 

6/2/2024

b

45,093

63,000

2.406%, 

10/30/2025

b

66,565

107,000

3.900%, 

3/15/2026

b,j

107,000

15,000

2.188%, 

4/30/2026

b

15,699

Westpac

Banking

Corporation

29,000

2.000%, 

1/13/2023

29,971

29,000

2.894%, 

2/4/2030

b

30,443

Total

16,283,605

Principal

Amount

Long-Term

Fixed

Income

(23.4%)

Value

Foreign

Government

(<0.1%)

Sinopec

Group

Overseas

Development

2018,

Ltd.

$

35,000

2.150%, 

5/13/2025

h

$

36,043

Total

36,043

Mortgage-Backed

Securities

(3.9%)

Federal

Home

Loan

Mortgage

Corporation

Conventional

30-Yr.

Pass

Through

581,519

3.000%, 

3/25/2050

612,508

186,410

3.000%, 

4/1/2050

196,339

83,004

3.500%, 

7/1/2047

88,696

Federal

National

Mortgage

Association

171,063

4.500%, 

5/1/2048

186,346

248,696

3.500%, 

10/1/2048

264,170

52,407

3.500%, 

6/1/2049

55,784

279,103

3.500%, 

8/1/2049

296,851

Federal

National

Mortgage

Association

Conventional

15-Yr.

Pass

Through

3,125,000

2.000%, 

3/1/2035

d

3,260,214

250,000

1.500%, 

2/1/2036

d

256,348

400,000

1.500%, 

3/1/2036

d

409,417

Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through

2,300,000

2.000%, 

2/1/2051

d

2,375,109

525,000

2.500%, 

2/1/2051

d

553,198

1,950,000

2.000%, 

3/1/2051

d

2,010,176

3,235,000

2.500%, 

3/1/2051

d

3,402,942

468,953

4.000%, 

7/1/2048

503,056

Total

14,471,154

Technology

(1.3%)

Akamai

Technologies,

Inc.,

Convertible

268,000

0.375%, 

9/1/2027

307,628

Apple,

Inc.

112,000

3.450%, 

5/6/2024

122,966

29,000

1.125%, 

5/11/2025

29,667

Baidu,

Inc.

20,000

3.075%, 

4/7/2025

21,340

Black

Knight

InfoServ,

LLC

15,000

3.625%, 

9/1/2028

h

15,179

Broadcom

Corporation

44,000

3.125%, 

1/15/2025

47,495

Broadcom,

Inc.

12,000

2.250%, 

11/15/2023

12,521

CommScope

Technologies

Finance,

LLC

174,000

6.000%, 

6/15/2025

h

177,680

Crowdstrike

Holdings,

Inc.

20,000

3.000%, 

2/15/2029

20,238

Dell

International,

LLC

48,000

4.000%, 

7/15/2024

h

52,738

10,000

5.850%, 

7/15/2025

h

11,877

Diamond

1

Finance

Corporation

108,000

5.450%, 

6/15/2023

h

118,640

Diamond

Sports

Group,

LLC

110,000

6.625%, 

8/15/2027

h

69,850

Fiserv,

Inc.

70,000

2.750%, 

7/1/2024

74,961

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

35

Principal

Amount

Long-Term

Fixed

Income

(23.4%)

Value

Technology

(1.3%)

-

continued

Gartner,

Inc.

$

60,000

4.500%, 

7/1/2028

h

$

63,282

40,000

3.750%, 

10/1/2030

h

41,124

Global

Payments,

Inc.

18,000

2.650%, 

2/15/2025

19,204

Hewlett

Packard

Enterprise

Company

36,000

2.250%, 

4/1/2023

37,317

15,000

4.450%, 

10/2/2023

16,460

Intuit,

Inc.

29,000

0.950%, 

7/15/2025

29,324

Iron

Mountain,

Inc.

130,000

5.000%, 

7/15/2028

h

136,622

J2

Global,

Inc.,

Convertible

122,000

1.750%, 

11/1/2026

h

130,703

118,000

3.250%, 

6/15/2029

181,160

Lumentum

Holdings,

Inc.,

Convertible

112,000

0.250%, 

3/15/2024

184,488

Marvell

Technology

Group,

Ltd.

37,000

4.200%, 

6/22/2023

39,974

Microchip

Technology,

Inc.,

Convertible

64,000

1.625%, 

2/15/2027

127,953

Micron

Technology,

Inc.

10,000

2.497%, 

4/24/2023

10,434

NCR

Corporation

160,000

6.125%, 

9/1/2029

h

172,477

NortonLifeLock,

Inc.,

Convertible

23,000

2.000%, 

8/15/2022

h

27,123

Nuance

Communications,

Inc.,

Convertible

351,000

1.250%, 

4/1/2025

826,184

NXP

BV/NXP

Funding,

LLC

48,000

4.875%, 

3/1/2024

h

53,928

NXP

Funding,

LLC

14,000

2.700%, 

5/1/2025

h

14,987

ON

Semiconductor

Corporation,

Convertible

228,000

1.625%, 

10/15/2023

405,555

Open

Text

Corporation

90,000

4.125%, 

2/15/2030

h

94,473

Oracle

Corporation

20,000

2.500%, 

5/15/2022

20,496

37,000

2.500%, 

4/1/2025

39,591

Panasonic

Corporation

54,000

2.536%, 

7/19/2022

h

55,500

Plantronics,

Inc.

70,000

5.500%, 

5/31/2023

h

70,263

PTC,

Inc.

30,000

3.625%, 

2/15/2025

h

30,750

Qorvo,

Inc.

50,000

3.375%, 

4/1/2031

h

51,125

Seagate

HDD

Cayman

31,000

4.250%, 

3/1/2022

g

31,876

Sensata

Technologies,

Inc.

110,000

3.750%, 

2/15/2031

h

112,892

Shift4

Payments,

LLC

20,000

4.625%, 

11/1/2026

h

20,850

SS&C

Technologies,

Inc.

130,000

5.500%, 

9/30/2027

h

137,671

Switch,

Ltd.

60,000

3.750%, 

9/15/2028

h

61,269

Principal

Amount

Long-Term

Fixed

Income

(23.4%)

Value

Technology

(1.3%)

-

continued

Tencent

Holdings,

Ltd.

$

35,000

1.810%, 

1/26/2026

h

$

35,490

Teradyne,

Inc.,

Convertible

53,000

1.250%, 

12/15/2023

189,705

Texas

Instruments,

Inc.

38,000

1.375%, 

3/12/2025

39,166

Total

System

Services,

Inc.

29,000

3.750%, 

6/1/2023

30,927

Verint

Systems,

Inc.,

Convertible

143,000

1.500%, 

6/1/2021

165,411

Vishay

Intertechnology,

Inc.,

Convertible

109,000

2.250%, 

6/15/2025

115,208

Total

4,903,742

Transportation

(0.4%)

AerCap

Holdings

NV

150,000

5.875%, 

10/10/2079

b

152,292

Air

Canada

Pass

Through

Trust

12,483

3.875%, 

3/15/2023

h

12,194

Air

Lease

Corporation

29,000

2.300%, 

2/1/2025

29,932

29,000

3.375%, 

7/1/2025

31,179

Air

Transport

Services

Group,

Inc.,

Convertible

74,000

1.125%, 

10/15/2024

77,579

American

Airlines,

Inc.

50,000

11.750%, 

7/15/2025

h

57,785

Boeing

Company

29,000

1.950%, 

2/1/2024

29,786

Delta

Air

Lines,

Inc.

90,000

7.000%, 

5/1/2025

h

104,363

58,083

4.500%, 

10/20/2025

h

62,070

30,000

7.375%, 

1/15/2026

34,465

Hawaiian

Brand

Intellectual

Property,

Ltd.

60,000

5.750%, 

1/20/2026

d,h

62,400

J.B.

Hunt

Transport

Services,

Inc.

60,000

3.300%, 

8/15/2022

62,236

Meritor,

Inc.,

Convertible

218,000

3.250%, 

10/15/2037

242,505

Mileage

Plus

Holdings,

LLC

60,000

6.500%, 

6/20/2027

h

65,625

Penske

Truck

Leasing

Company,

LP

32,000

3.375%, 

2/1/2022

h

32,780

30,000

1.200%, 

11/15/2025

h

30,164

Southwest

Airlines

Company

15,000

4.750%, 

5/4/2023

16,254

30,000

5.250%, 

5/4/2025

34,430

Southwest

Airlines

Company,

Convertible

180,000

1.250%, 

5/1/2025

253,575

Union

Pacific

Corporation

55,000

3.750%, 

7/15/2025

61,974

United

Airlines

Pass

Through

Trust

60,000

3.700%, 

12/1/2022

59,606

XPO

Logistics,

Inc.

70,000

6.750%, 

8/15/2024

h

74,032

Total

1,587,226

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

36

Principal

Amount

Long-Term

Fixed

Income

(23.4%)

Value

Utilities

(0.7%)

Alabama

Power

Company

$

38,000

2.450%, 

3/30/2022

$

38,882

Ameren

Corporation

32,000

2.500%, 

9/15/2024

34,098

Berkshire

Hathaway

Energy

Company

26,000

4.050%, 

4/15/2025

h

29,308

Calpine

Corporation

90,000

4.500%, 

2/15/2028

h

92,448

CenterPoint

Energy,

Inc.

37,000

2.500%, 

9/1/2022

38,180

36,000

2.500%, 

9/1/2024

38,260

Dominion

Energy,

Inc.

32,000

2.715%, 

8/15/2021

32,403

32,000

3.071%, 

8/15/2024

34,778

124,000

4.650%, 

12/15/2024

b,j

130,510

DTE

Energy

Company

51,000

3.300%, 

6/15/2022

52,753

53,000

2.529%, 

10/1/2024

56,486

Duke

Energy

Corporation

74,000

2.400%, 

8/15/2022

76,146

126,000

4.875%, 

9/16/2024

b,j

134,505

Edison

International

26,000

4.950%, 

4/15/2025

29,551

Entergy

Corporation

29,000

0.900%, 

9/15/2025

28,945

Evergy,

Inc.

36,000

2.450%, 

9/15/2024

38,086

FirstEnergy

Corporation

56,000

2.850%, 

7/15/2022

57,053

Florida

Power

&

Light

Company

26,000

2.850%, 

4/1/2025

28,246

Georgia

Power

Company

29,000

2.100%, 

7/30/2023

30,229

36,000

2.200%, 

9/15/2024

38,041

NextEra

Energy

Operating

Partners,

LP

165,000

3.875%, 

10/15/2026

h

176,678

NextEra

Energy

Partners,

LP,

Convertible

113,000

Zero

Coupon, 

11/15/2025

h

129,767

NiSource,

Inc.

195,000

5.650%, 

6/15/2023

b,j

200,850

29,000

0.950%, 

8/15/2025

29,032

NRG

Energy,

Inc.

29,000

2.000%, 

12/2/2025

h

30,096

120,000

3.375%, 

2/15/2029

h

122,748

20,000

3.625%, 

2/15/2031

h

20,800

PG&E

Corporation

40,000

5.000%, 

7/1/2028

42,915

30,000

5.250%, 

7/1/2030

33,000

PPL

Capital

Funding,

Inc.

64,000

3.950%, 

3/15/2024

70,062

Public

Service

Enterprise

Group,

Inc.

32,000

2.875%, 

6/15/2024

34,320

Sempra

Energy

62,000

3.550%, 

6/15/2024

67,308

72,000

4.875%, 

10/15/2025

b,j

77,558

Southern

Company

101,000

4.000%, 

1/15/2051

b

106,804

Suburban

Propane

Partners,

LP

80,000

5.875%, 

3/1/2027

83,400

Principal

Amount

Long-Term

Fixed

Income

(23.4%)

Value

Utilities

(0.7%)

-

continued

Talen

Energy

Supply,

LLC

$

80,000

7.625%, 

6/1/2028

h

$

86,200

TerraForm

Power

Operating,

LLC

85,000

5.000%, 

1/31/2028

h

94,350

TransCanada

Trust

125,000

5.875%, 

8/15/2076

b,g

139,063

Vistra

Operations

Company,

LLC

110,000

5.000%, 

7/31/2027

h

115,797

Total

2,699,656

Total

Long-Term

Fixed

Income

(cost

$84,421,993)

87,706,172

Shares

Registered

Investment

Companies

(

17.7%

)

Value

Unaffiliated  (0.6%)

11,016

Aberdeen

Asia-Pacific

Income

Fund,

Inc.

48,801

5,850

AllianceBernstein

Global

High

Income

Fund,

Inc.

68,387

12,700

AllianzGI

NFJ

Dividend

Interest

&

Premium

Strategy

Fund

168,656

2,749

BlackRock

Core

Bond

Trust

44,259

4,301

BlackRock

Corporate

High

Yield

Fund,

Inc.

47,741

3,084

BlackRock

Credit

Allocation

Income

Trust

46,044

4,357

BlackRock

Enhanced

Equity

Dividend

Trust

36,120

6,724

BlackRock

Enhanced

Global

Dividend

Trust

72,821

3,790

BlackRock

Multi-Sector

Income

Trust

65,302

18,603

BlackRock

Resources

&

Commodities

Strategy

Trust

147,336

2,400

Brookfield

Real

Assets

Income

Fund,

Inc.

44,520

4,248

Cohen

&

Steers

Quality

Income

Realty

Fund,

Inc.

52,548

3,637

Eaton

Vance

Limited

Duration

Income

Fund

45,463

5,990

Eaton

Vance

Tax-Managed

Global

Diversified

Equity

Income

Fund

51,813

1,618

Health

Care

Select

Sector

SPDR

Fund

186,119

4,860

Invesco

Dynamic

Credit

Opportunities

Fund

53,217

527

iShares

Russell

2000

Index

Fund

g

108,330

11,350

Liberty

All-Star

Equity

Fund

77,293

9,975

Nuveen

Credit

Strategies

Income

Fund

63,341

3,385

PGIM

Global

High

Yield

Fund,

Inc.

48,981

3,342

PGIM

High

Yield

Bond

Fund,

Inc.

50,297

2,243

Pimco

Dynamic

Credit

And

Mortgage

Income

Fund

47,282

4,084

Royce

Micro-Cap

Trust,

Inc.

43,372

3,571

Royce

Value

Trust,

Inc.

59,207

24,578

Templeton

Global

Income

Fund

137,391

1,694

Tri-Continental

Corporation

50,244

3,575

Vanguard

Short-Term

Corporate

Bond

ETF

g

297,118

8,722

Voya

Global

Equity

Dividend

&

Premium

Opportunity

Fund

46,401

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

37

Shares

Registered

Investment

Companies

(17.7%)

Value

Unaffiliated  (0.6%)-

continued

5,866

Wells

Fargo

Income

Opportunities

Fund

$

47,808

12,490

Western

Asset

High

Income

Opportunity

Fund,

Inc.

61,326

Total

2,317,538

Affiliated  (17.1%)

2,517,363

Thrivent

Core

Emerging

Markets

Debt

Fund

25,651,932

3,965,926

Thrivent

Core

International

Equity

Fund

38,390,163

Total

64,042,095

Total

Registered

Investment

Companies

(cost

$64,229,290)

66,359,633

Shares

Preferred

Stock

(

1.2%

)

Value

Communications

Services

(0.1%)

7,625

AT&T,

Inc.,

4.750%

j

194,056

2,050

AT&T,

Inc.,

5.000%

j

53,218

Total

247,274

Consumer

Discretionary

(<0.1%)

400

International

Flavors

&

Fragrances,

Inc.,

Convertible,

6.000%

16,804

Total

16,804

Consumer

Staples

(<0.1%)

5,600

CHS,

Inc.,

7.100%

b,j

155,568

Total

155,568

Energy

(0.1%)

15,012

Crestwood

Equity

Partners,

LP,

9.250%

j

120,096

1,450

Energy

Transfer

Operating,

LP,

7.600%

b,j

31,929

2,345

Nustar

Logistics,

LP,

6.975%

b

51,989

Total

204,014

Financials

(0.8%)

2,475

Aegon

Funding

Corporation

II,

5.100%

64,474

2,826

Agribank

FCB,

6.875%

b,j

308,034

5,200

Allstate

Corporation,

5.100%

j

139,100

4,500

Bank

of

America

Corporation,

5.000%

j

120,735

1,700

Bank

of

America

Corporation,

5.375%

j

46,155

95

Bank

of

America

Corporation,

Convertible,

7.250%

j

138,964

5,050

Capital

One

Financial

Corporation,

5.000%

g,j

131,957

2,200

Cobank

ACB,

6.250%

b,j

233,200

5,375

Equitable

Holdings,

Inc.,

5.250%

j

140,126

140

First

Horizon

Bank,

3.750%

b,h,j

116,900

7,700

GMAC

Capital

Trust

I,

6.007%

b

204,204

3,525

Hartford

Financial

Services

Group,

Inc.,

7.875%

b

96,761

3,350

J.P.

Morgan

Chase

&

Company,

4.750%

j

87,770

2,875

J.P.

Morgan

Chase

&

Company,

5.750%

j

77,769

2,875

Legg

Mason,

Inc.,

5.450%

73,571

Shares

Preferred

Stock

(1.2%)

Value

Financials

(0.8%)

-

continued

5,040

Morgan

Stanley,

5.850%

b,j

$

144,144

5,600

Morgan

Stanley,

7.125%

b,g,j

161,448

725

Synovus

Financial

Corporation,

5.875%

b,j

19,430

4,325

Truist

Financial

Corporation,

4.750%

j

113,272

295

Wells

Fargo

&

Company,

Convertible,

7.500%

j

425,980

Total

2,843,994

Health

Care

(<0.1%)

92

Danaher

Corporation,

Convertible,

5.000%

126,187

Total

126,187

Industrials

(0.1%)

208

Fortive

Corporation,

Convertible,

5.000%

199,742

1,635

Stanley

Black

&

Decker,

Inc.,

Convertible,

5.250%

178,166

Total

377,908

Real

Estate

(<0.1%)

5,275

Public

Storage,

4.125%

j

138,469

1,125

Public

Storage,

4.625%

j

29,497

300

Public

Storage,

4.700%

j

7,929

450

Public

Storage,

4.875%

j

12,015

Total

187,910

Utilities

(0.1%)

914

American

Electric

Power

Company,

Inc.,

Convertible,

6.125%

43,616

2,079

NextEra

Energy,

Inc.,

Convertible,

4.872%

127,152

5,750

Southern

Company,

4.950%

150,075

2,225

Southern

Company,

Convertible,

6.750%

109,470

Total

430,313

Total

Preferred

Stock

(cost

$4,377,633)

4,589,972

Shares

Collateral

Held

for

Securities

Loaned

(

0.7%

)

Value

2,536,137

Thrivent

Cash

Management

Trust

2,536,137

Total

Collateral

Held

for

Securities

Loaned

(cost

$2,536,137)

2,536,137

Shares

or

Principal

Amount

Short-Term

Investments

(

8.1%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

200,000

0.070%,

2/23/2021

m,n

199,995

400,000

0.077%,

3/10/2021

m,n

399,979

500,000

0.080%,

3/17/2021

m,n

499,970

200,000

0.070%,

3/30/2021

m,n

199,984

900,000

0.040%,

5/4/2021

m,n

899,839

Thrivent

Core

Short-Term

Reserve

Fund

2,834,735

0.200%

28,347,349

Total

Short-Term

Investments

(cost

$30,537,673)

30,547,116

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

38

Shares

or

Principal

Amount

Short-Term

Investments

(8.1%)

Value

Total

Investments

(cost

$350,189,014)

105.0%

$394,170,111

Other

Assets

and

Liabilities,

Net

(5.0%)

(18,630,881)

Total

Net

Assets

100.0%

$375,539,230

a

The

stated

interest

rate

represents

the

weighted

average

of

all

contracts

within

the

bank

loan

facility.

b

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

January

29,

2021.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

c

All

or

a

portion

of

the

loan

is

unfunded.

d

Denotes

investments

purchased

on

a

when-issued

or

delayed

delivery

basis.

e

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

f

Non-income

producing

security.

g

All

or

a

portion

of

the

security

is

on

loan.

h

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

January

29,

2021,

the

value

of

these

investments

was

$31,883,006

or

8.5%

of

total

net

assets.

i

Denotes

step

coupon

securities.

Step

coupon

securities

pay

an

initial

coupon

rate

for

the

first

period

and

then

different

coupon

rates

for

following

periods.

The

rate

shown

is

as

of

January

29,

2021.

j

Denotes

perpetual

securities.

Perpetual

securities

pay

an

indefinite

stream

of

income

and

have

no

contractual

maturity

date.

Date

shown,

if

applicable,

is

next

call

date.

k

Denotes

interest

only

security.  Interest

only

securities

represent

the

right

to

receive

monthly

interest

payments

on

an

underlying

pool

of

mortgages

or

assets.  The

principal

shown

is

the

outstanding

par

amount

of

the

pool

as

of

the

end

of

the

period.

The

actual

effective

yield

of

the

security

is

different

than

the

stated

coupon

rate.

l

All

or

a

portion

of

the

security

is

insured

or

guaranteed.

m

The

interest

rate

shown

reflects

the

yield,

coupon

rate

or

the

discount

rate

at

the

date

of

purchase.

n

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Balanced

Income

Plus

Fund

as

of

January

29,

2021:

Securities

Lending

Transactions

Long-Term

Fixed

Income

$

597,632

Common

Stock

1,867,220

Total

lending

$2,464,852

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$2,536,137

Net

amounts

due

to

counterparty

$71,285

Definitions:

ACES

-

Alternative

Credit

Enhancement

Securities

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

CLO

-

Collateralized

Loan

Obligation

ETF

-

Exchange

Traded

Fund

GDR

-

Global

Depository

Receipts,

which

are

certificates

for

shares

of

an

underlying

foreign

security’s

shares

held

by

an

issuing

depository

bank

from

more

than

one

country.

REMIC

-

Real

Estate

Mortgage

Investment

Conduit

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

Ser.

-

Series

SPDR

-

S&P

Depository

Receipts,

which

are

exchange-traded

funds

traded

in

the

U.S.,

Europe,

and

Asia-Pacific

and

managed

by

State

Street

Global

Advisors.

Reference

Rate

Index:

12

MTA

-

12

Month

Treasury

Average

H15T30Y

-

U.

S.

Treasury

Yield

Curve

Rate

Treasury

Note

Constant

Maturity

30

Year

LIBOR

1W

-

ICE

Libor

USD

Rate

1

Week

LIBOR

1M

-

ICE

Libor

USD

Rate

1

Month

LIBOR

2M

-

ICE

Libor

USD

Rate

2

Month

LIBOR

3M

-

ICE

Libor

USD

Rate

3

Month

PRIME

-

Federal

Reserve

Prime

Loan

Rate

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

39

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

January

29,

2021,

in

valuing

Balanced

Income

Plus

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Bank

Loans

Basic

Materials

2,427,178

–

2,427,178

–

Capital

Goods

5,957,451

–

5,577,162

380,289

Communications

Services

17,513,351

–

17,513,351

–

Consumer

Cyclical

9,409,980

–

9,212,138

197,842

Consumer

Non-Cyclical

8,549,477

–

8,457,677

91,800

Energy

1,708,589

–

1,708,589

–

Financials

4,952,688

–

4,952,688

–

Technology

4,330,270

–

4,330,270

–

Transportation

886,768

–

886,768

–

Utilities

3,097,865

–

2,093,896

1,003,969

Common

Stock

Communications

Services

10,574,895

10,568,118

6,777

–

Consumer

Discretionary

17,732,203

17,711,600

20,603

–

Consumer

Staples

5,122,765

5,122,765

–

–

Energy

4,265,908

4,265,908

–

–

Financials

21,929,955

21,523,711

406,244

–

Health

Care

19,397,106

19,397,106

–

–

Industrials

18,986,916

18,986,916

–

–

Information

Technology

32,496,330

31,886,529

609,801

–

Materials

4,649,824

4,477,650

172,174

–

Real

Estate

5,475,708

5,475,708

–

–

Utilities

2,965,854

2,965,854

–

–

Long-Term

Fixed

Income

Asset-Backed

Securities

6,674,988

–

6,674,988

–

Basic

Materials

1,643,001

–

1,643,001

–

Capital

Goods

3,495,812

–

3,495,812

–

Collateralized

Mortgage

Obligations

12,704,662

–

12,704,662

–

Commercial

Mortgage-Backed

Securities

646,826

–

646,826

–

Communications

Services

5,187,260

–

5,187,260

–

Consumer

Cyclical

6,186,348

–

6,186,348

–

Consumer

Non-Cyclical

5,525,884

–

5,525,884

–

Energy

5,659,965

–

5,659,965

–

Financials

16,283,605

–

16,283,605

–

Foreign

Government

36,043

–

36,043

–

Mortgage-Backed

Securities

14,471,154

–

14,471,154

–

Technology

4,903,742

–

4,903,742

–

Transportation

1,587,226

–

1,587,226

–

Utilities

2,699,656

–

2,699,656

–

Preferred

Stock

Communications

Services

247,274

247,274

–

–

Consumer

Discretionary

16,804

16,804

–

–

Consumer

Staples

155,568

155,568

–

–

Energy

204,014

204,014

–

–

Financials

2,843,994

2,185,860

658,134

–

Health

Care

126,187

126,187

–

–

Industrials

377,908

377,908

–

–

Real

Estate

187,910

187,910

–

–

Utilities

430,313

430,313

–

–

Registered

Investment

Companies

Unaffiliated

2,317,538

2,317,538

–

–

Short-Term

Investments

2,199,767

–

2,199,767

–

Subtotal

Investments

in

Securities

$299,244,530

$148,631,241

$148,939,389

$1,673,900

Other

Investments  *

Total

Affiliated

Registered

Investment

Companies

64,042,095

Affiliated

Short-Term

Investments

28,347,349

Collateral

Held

for

Securities

Loaned

2,536,137

Subtotal

Other

Investments

$94,925,581

Total

Investments

at

Value

$394,170,111

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

40

Reference

Description:

CBOT

-

Chicago

Board

of

Trade

CME

-

Chicago

Mercantile

Exchange

EAFE

-

Europe,

Australasia

and

Far

East

ICE

-

Intercontinental

Exchange

MSCI

-

Morgan

Stanley

Capital

International

S&P

-

Standard

&

Poor's

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

this

table

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

261,530

261,530

–

–

Total

Asset

Derivatives

$261,530

$261,530

$–

$–

Liability

Derivatives

Futures

Contracts

715,703

715,703

–

–

Total

Liability

Derivatives

$715,703

$715,703

$–

$–

The

following

table

presents

Balanced

Income

Plus

Fund's

futures

contracts

held

as

of

January

29,

2021.

Investments

and/or

cash

totaling

$2,099,772

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Principal

Amount

Value

and

Unrealized

CME

E-mini

S&P

500

Index

20

March

2021

$

3,669,298

$

35,902

CME

Euro

Foreign

Exchange

Currency

22

March

2021

3,344,677

(

5,352)

CME

Ultra

Long

Term

U.S.

Treasury

Bond

12

March

2021

2,571,971

(

115,346)

Eurex

Euro

STOXX

50

Index

78

March

2021

3,299,096

(

17,347)

ICE

mini

MSCI

EAFE

Index

51

March

2021

5,410,081

(

15,556)

Total

Futures

Long

Contracts

$

18,295,123

(

$

117,699)

CBOT

10-Yr.

U.S.

Treasury

Note

(6)

March

2021

(

$

826,762)

$

4,574

CBOT

2-Yr.

U.S.

Treasury

Note

(13)

March

2021

(

2,869,507)

(

3,188)

CBOT

5-Yr.

U.S.

Treasury

Note

(14)

March

2021

(

1,761,235)

(

1,015)

CBOT

U.S.

Long

Bond

(32)

March

2021

(

5,563,411)

164,412

CME

E-mini

Russell

2000

Index

(44)

March

2021

(

4,198,897)

(

351,143)

CME

E-mini

S&P

Mid-Cap

400

Index

(21)

March

2021

(

4,698,214)

(

206,756)

Ultra

10-Yr.

U.S.

Treasury

Note

(18)

March

2021

(

2,825,549)

56,642

Total

Futures

Short

Contracts

(

$

22,743,575)

($336,474)

Total

Futures

Contracts

(

$

4,448,452)

($454,173)

Balanced

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

41

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Balanced

Income

Plus

Fund,

is

as

follows:

Fund

Value

10/31/2020

Gross

Purchases

Gross

Sales

Value

1/29/2021

Shares

Held

at

1/29/2021

%

of

Net

Assets

1/29/2021

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

$24,430

$277

$–

$25,652

2,517

6.9%

Core

International

Equity

—

41,334

3,700

38,390

3,966

10.2

Total

Affiliated

Registered

Investment

Companies

24,430

64,042

17.1

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

19,176

41,036

31,865

28,347

2,835

7.6

Total

Affiliated

Short-Term

Investments

19,176

28,347

7.6

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

2,302

7,962

7,728

2,536

2,536

0.7

Total

Collateral

Held

for

Securities

Loaned

2,302

2,536

0.7

Total

Value

$45,908

$94,925

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2020

-

1/29/2021

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

$–

$945

$–

$277

Core

International

Equity

122

634

–

906

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

4

(4)

–

14

Total

Income/Non

Income

Cash

from

Affiliated

Investments

$1,197

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

–

0

4

Total

Affiliated

Income

from

Securities

Loaned,

Net

$4

Total

$126

$1,575

$0

Global

Stock

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

42

Shares

Common

Stock

(

83.0%

)

Value

Communications

Services

(6.3%)

54,866

Activision

Blizzard,

Inc.

$

4,992,806

12,865

Alphabet,

Inc.,

Class

A

a

23,508,986

2,377

Alphabet,

Inc.,

Class

C

a

4,363,554

9,186

ANGI

Homeservices,

Inc.

a

128,420

656,344

Auto

Trader

Group

plc

a,b

5,060,111

55,799

BCE,

Inc.

2,366,794

115,793

Carsales.com,

Ltd.

1,726,259

11,469

Cinemark

Holdings,

Inc.

c

232,133

126

Cogent

Communications

Holdings

7,176

162,747

Comcast

Corporation

8,067,369

2,377

Consolidated

Communications

Holdings,

Inc.

a

14,512

122,275

Deutsche

Telekom

AG

2,174,360

9,300

DIP

Corporation

255,229

83,392

Discovery,

Inc.,

Class

A

a,c

3,454,097

3,225

EchoStar

Corporation

a

67,532

34,417

Facebook,

Inc.

a

8,890,944

3,481

Fiverr

International,

Ltd.

a

718,861

1,907

Hemisphere

Media

Group,

Inc.

a

19,909

223,000

HKT

Trust

and

HKT,

Ltd.

293,508

10,588

Interpublic

Group

of

Companies,

Inc.

254,853

13,644

Ipsos

SA

436,119

39,000

KDDI

Corporation

1,146,317

101,701

Live

Nation

Entertainment,

Inc.

a

6,758,031

9,106

Match

Group,

Inc.

a

1,273,565

478,866

Mediaset

Espana

Comunicacion

SA

a

2,461,586

2,766

Meredith

Corporation

60,658

3,698

News Corporation

69,818

3,400

Nintendo

Company,

Ltd.

1,957,160

124,100

Nippon

Telegraph

&

Telephone

Corporation

3,101,732

2,827

Omnicom

Group,

Inc.

176,348

27,972

ORBCOMM,

Inc.

a

209,510

14,498

REA

Group,

Ltd.

1,611,516

6,371

RingCentral,

Inc.

a

2,375,873

2,361

Scholastic

Corporation

60,843

278,300

SoftBank

Corporation

3,655,877

32,100

SoftBank

Group

Corporation

2,486,883

41,003

Spark

New

Zealand,

Ltd.

140,778

1,874

Stroeer

SE

168,862

5,163

Take-Two

Interactive

Software,

Inc.

a

1,034,923

122,400

TV

Asahi

Holdings

Corporation

2,359,990

142,722

Twitter,

Inc.

a

7,211,743

156,509

Uber

Technologies,

Inc.

a

7,971,003

153,733

Verizon

Communications,

Inc.

8,416,882

Total

121,743,430

Consumer

Discretionary

(10.7%)

1,857

Aaron's

Company,

Inc.

a

31,458

7,900

ABC-MART,

Inc.

449,351

5,877

Adient

plc

a

189,768

12,652

Amazon.com,

Inc.

a

40,564,842

8,140

American

Eagle

Outfitters,

Inc.

c

184,697

479

American

Public

Education,

Inc.

a

13,786

82,879

Aptiv

plc

11,072,634

22,184

ARB

Corporation,

Ltd.

592,505

85,269

Aristocrat

Leisure,

Ltd.

2,008,756

3,329

At

Home

Group,

Inc.

a

81,128

3,468

AutoNation,

Inc.

a

247,199

2,037

AutoZone,

Inc.

a

2,278,120

246,312

B&M

European

Value

Retail

SA

1,800,407

522

Bally's

Corporation

27,395

Shares

Common

Stock

(83.0%)

Value

Consumer

Discretionary

(10.7%)

-

continued

9,400

Bandai

Namco

Holdings,

Inc.

$

801,548

281

Beazer

Homes

USA,

Inc.

a

4,670

2,711

Bed

Bath

&

Beyond,

Inc.

95,780

3,630

BJ's

Restaurants,

Inc.

a

169,666

3,069

Booking

Holdings,

Inc.

a

5,967,149

3,334

Breville

Group,

Ltd.

73,314

6,000

Bridgestone

Corporation

223,545

14,574

Bright

Horizons

Family

Solutions,

Inc.

a

2,214,811

1,629

Brinker

International,

Inc.

95,916

1,527

Brunswick

Corporation

132,024

6,536

Burlington

Stores,

Inc.

a

1,626,810

3,645

Caesars

Entertainment,

Inc.

a

256,572

890

Camping

World

Holdings,

Inc.

30,402

7,363

Carnival

Corporation

137,467

7,935

Carvana

Company

a

2,072,543

101

Cavco

Industries,

Inc.

a

19,055

1,900

Century

Casinos,

Inc.

a

13,205

1,397

Century

Communities,

Inc.

a

65,575

9,028

Chegg,

Inc.

a

860,007

14,778

Chewy,

Inc.

a,c

1,504,696

54,339

Chico's

FAS,

Inc.

120,089

867

Children's

Place,

Inc.

a

63,698

5,815

Chipotle

Mexican

Grill,

Inc.

a

8,606,200

22,700

Chiyoda

Company,

Ltd.

201,293

6,437

Choice

Hotels

International,

Inc.

647,820

688

Churchill

Downs,

Inc.

128,966

29,225

Cooper-Standard

Holdings,

Inc.

a

891,655

18,691

Corporate

Travel

Management,

Ltd.

a

236,421

3,108

Cracker

Barrel

Old

Country

Store,

Inc.

420,543

7,359

Culp,

Inc.

113,549

34,241

D.R.

Horton,

Inc.

2,629,709

49,707

Daimler

AG

3,491,121

5,666

Dana,

Inc.

109,694

3,155

Darden

Restaurants,

Inc.

368,788

1,117

Deckers

Outdoor

Corporation

a

326,142

2,952

Denny's

Corporation

a

46,435

78,000

Denso

Corporation

4,335,641

7,043

Designer

Brands,

Inc.

86,277

7,215

Dick's

Sporting

Goods,

Inc.

483,477

1,696

Dine

Brands

Global,

Inc.

116,617

69,388

Dollarama,

Inc.

2,712,576

49,809

Dometic

Group

AB

a,b

687,445

3,128

Domino's

Pizza

Enterprises,

Ltd.

218,742

3,050

Domino's

Pizza,

Inc.

1,130,818

1,751

Dorman

Products,

Inc.

a

159,043

77,872

Duluth

Holdings,

Inc.

a,c

971,064

9,979

Emerald

Holding,

Inc.

40,515

90,220

Entain

plc

a

1,526,837

2,365

Ethan

Allen

Interiors,

Inc.

55,932

4,815

Etsy,

Inc.

a

958,618

4,891

Evolution

Gaming

Group

AB

b

475,958

5,676

Extended

Stay

America,

Inc.

83,324

3,800

Fast

Retailing

Company,

Ltd.

3,266,184

14,257

Ferrari

NV

2,966,722

11,280

Five

Below,

Inc.

a

1,982,234

4,604

Foot

Locker,

Inc.

201,747

474

Fox

Factory

Holding

Corporation

a

56,709

451,000

Galaxy

Entertainment

Group,

Ltd.

3,402,691

20,985

Gap,

Inc.

a

424,946

5,076

Gentex

Corporation

167,762

4,664

Genuine

Parts

Company

437,856

21,790

Goodyear

Tire

&

Rubber

Company

229,884

Global

Stock

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

43

Shares

Common

Stock

(83.0%)

Value

Consumer

Discretionary

(10.7%)

-

continued

2,852

Grand

Canyon

Education,

Inc.

a

$

242,249

1,420

Groupon,

Inc.

a

48,521

7,691

H&R

Block,

Inc.

132,516

23,093

Hanesbrands,

Inc.

353,092

4,088

Harley-Davidson,

Inc.

163,888

1,623

Helen

of

Troy,

Ltd.

a

396,418

2,725

Hermes

International

2,780,413

2,400

Hikari

Tsushin,

Inc.

503,316

22,265

Home

Depot,

Inc.

6,029,807

817

Hovnanian

Enterprises,

Inc.

a

41,798

166,365

Husqvarna

AB

2,058,366

71,858

Industria

de

Diseno

Textil

SA

2,131,177

12,257

InterContinental

Hotels

Group

plc

a

755,117

7,900

Izumi

Company,

Ltd.

283,906

2,974

Jack

in

the

Box,

Inc.

279,972

6,111

KB

Home

254,462

9,606

Knoll,

Inc.

143,706

18,761

Kohl's

Corporation

826,610

9,684

L

Brands,

Inc.

394,720

8,245

Lear

Corporation

1,243,016

6,681

Lithia

Motors,

Inc.

2,129,101

45,131

Lowe's

Companies,

Inc.

7,530,107

2,639

LVMH

Moet

Hennessy

Louis

Vuitton

SE

1,595,525

2,376

M.D.C.

Holdings,

Inc.

123,600

1,348

Madison

Square

Garden

Sports

Corporation

a

218,228

2,432

Marcus

Corporation

42,803

698

Marriott

Vacations

Worldwide

Corporation

85,686

15,365

Mattel,

Inc.

a

278,414

2,446

Meritage

Homes

Corporation

a

196,316

6,963

Michaels

Companies,

Inc.

a

107,927

10,097

Mohawk

Industries,

Inc.

a

1,449,929

175,324

Moneysupermarket.com

Group

plc

639,490

63,900

NHK

Spring

Company,

Ltd.

437,114

8,600

Nihon

Unisys,

Ltd.

326,352

68,700

Nissan

Motor

Company,

Ltd.

a

354,197

1,400

Nitori

Holdings

Company,

Ltd.

277,848

10,845

Nordstrom,

Inc.

c

384,455

8,262

Norwegian

Cruise

Line

Holdings,

Ltd.

a,c

187,134

577

NVR,

Inc.

a

2,565,619

9,192

Ollie's

Bargain

Outlet

Holdings,

Inc.

a

870,758

500

Oriental

Land

Company,

Ltd.

78,256

2,027

Overstock.com,

Inc.

a,c

157,295

8,627

Pandox

AB

a

129,541

26,097

Park

Hotels

&

Resorts,

Inc.

435,298

8,750

Penn

National

Gaming,

Inc.

a

907,550

37,615

Planet

Fitness,

Inc.

a

2,708,280

42,627

Playa

Hotels

and

Resorts

NV

a

226,776

15,300

PLENUS

Company,

Ltd.

292,358

1,468

Pool

Corporation

519,936

9,213

Premier

Investments,

Ltd.

156,905

9,008

PulteGroup,

Inc.

391,848

1,875

Purple

Innovation,

Inc.

a

63,825

676

PVH

Corporation

57,636

23,950

Red

Rock

Resorts,

Inc.

562,346

20,106

Restaurant

Brands

International,

Inc.

c

1,160,116

21,000

Rinnai

Corporation

2,193,417

423

Royal

Caribbean

Cruises,

Ltd.

27,495

9,245

Ruth's

Hospitality

Group,

Inc.

168,167

60,000

Sands

China,

Ltd.

238,281

41,600

Sangetsu

Company,

Ltd.

621,236

Shares

Common

Stock

(83.0%)

Value

Consumer

Discretionary

(10.7%)

-

continued

1,317

Scientific

Games

Corporation

a

$

51,653

31,600

Sekisui

House,

Ltd.

610,527

6,156

Six

Flags

Entertainment

Corporation

210,535

23,062

Skyline

Corporation

a

775,575

19,200

Sony

Corporation

1,837,683

44,996

Sony

Corporation

ADR

4,306,567

7,781

Standard

Motor

Products,

Inc.

305,249

383

Strategic

Education,

Inc.

33,846

261,800

Sumitomo

Electric

Industries,

Ltd.

3,494,643

22,700

Sumitomo

Rubber

Industries,

Ltd.

208,908

6,200

Takara

Standard

Company,

Ltd.

86,683

26,486

Taylor

Morrison

Home

Corporation

a

688,106

6,273

Tenneco,

Inc.

a

63,357

15,177

Tesla,

Inc.

a

12,043,405

11,334

Texas

Roadhouse,

Inc.

863,764

8,651

Thor

Industries,

Inc.

1,046,858

26,320

Thule

Group

AB

a,b

975,996

14,532

Toll

Brothers,

Inc.

742,585

658

TopBuild

Corporation

a

131,567

20,600

Toyota

Motor

Corporation

1,444,798

7,924

Tri

Pointe

Homes,

Inc.

a

160,065

3,081

Tupperware

Brands

Corporation

a

92,676

5,365

Ulta

Beauty,

Inc.

a

1,500,912

1,538

Vail

Resorts,

Inc.

409,046

818

Whirlpool

Corporation

151,404

635

Williams-Sonoma,

Inc.

81,864

9,458

Wingstop,

Inc.

1,419,173

50

Winmark

Corporation

8,532

2,161

Wyndham

Destinations,

Inc.

95,603

1,085

YETI

Holdings,

Inc.

a

71,415

Total

205,361,773

Consumer

Staples

(3.8%)

40,209

Anheuser-Busch

InBev

NV

2,524,024

17,800

Arcs

Company,

Ltd.

393,981

27,200

Asahi

Group

Holdings,

Ltd.

1,098,127

429

Beyond

Meat,

Inc.

a,c

76,396

41,978

BJ's

Wholesale

Club

Holdings,

Inc.

a

1,766,014

269

Boston

Beer

Company,

Inc.

a

246,643

105,651

British

American

Tobacco

plc

3,839,118

240,300

Budweiser

Brewing

Company

APAC,

Ltd.

b

803,417

31,674

Carlsberg

AS

4,627,320

8,619

Casey's

General

Stores,

Inc.

1,615,890

1

Chocoladefabriken

Lindt

and

Spruengli

AG

93,033

103

Church

&

Dwight

Company,

Inc.

8,696

34,293

Coty,

Inc.

218,446

13,060

Darling

Ingredients,

Inc.

a

809,851

119,102

Diageo

plc

4,781,592

53,414

e.l.f.

Beauty,

Inc.

a

1,162,289

2,286

Edgewell

Personal

Care

Company

76,352

3,291

Flowers

Foods,

Inc.

75,561

33,240

ForFarmers

BV

213,793

8,107

Glanbia

plc

100,033

3,526

Hain

Celestial

Group,

Inc.

a

146,629

181

Herbalife

Nutrition,

Ltd.

a

9,224

1,997

Ingredion,

Inc.

150,714

144,500

Japan

Tobacco,

Inc.

2,870,390

40,500

Kao

Corporation

2,938,550

12,000

Kewpie

Corporation

276,708

14,258

Kimberly-Clark

Corporation

1,883,482

8,700

Kobe

Bussan

Company,

Ltd.

240,989

Global

Stock

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

44

Shares

Common

Stock

(83.0%)

Value

Consumer

Staples

(3.8%)

-

continued

29,208

Lamb

Weston

Holdings,

Inc.

$

2,181,838

421

Lancaster

Colony

Corporation

73,498

231

Lindt

&

Spruengli

AG

2,001,420

13,258

L'Oreal

SA

4,664,161

2,714

McCormick

&

Company,

Inc.

243,012

614

Medifast,

Inc.

144,087

8,200

Ministop

Company,

Ltd.

111,340

9,695

Monster

Beverage

Corporation

a

841,817

98,036

Nestle

SA

10,989,501

12,575

NewAge,

Inc.

a

38,354

1,160

Nu

Skin

Enterprises,

Inc.

67,129

35,501

Orkla

ASA

345,094

3,235

Performance

Food

Group

Company

a

151,657

109

PriceSmart,

Inc.

10,233

6,603

Royal

Unibrew

AS

651,817

1,859

Seneca

Foods

Corporation

a

67,389

39,500

Seven

&

I

Holdings

Company,

Ltd.

1,508,427

1,157

Spectrum

Brands

Holdings,

Inc.

87,434

6,858

Sprouts

Farmers

Markets,

Inc.

a

155,334

22,600

Sugi

Holdings

Company,

Ltd.

1,485,204

19,900

Sundrug

Company,

Ltd.

789,515

573

Tootsie

Roll

Industries,

Inc.

c

22,679

30,396

Turning

Point

Brands,

Inc.

1,431,652

36,637

Unilever

NV

2,129,670

4,343

US

Foods

Holding

Corporation

a

134,590

1,551

Utz

Brands,

Inc.

36,573

3,037

Vector

Group,

Ltd.

35,654

67,365

Wal-Mart

Stores,

Inc.

9,464,109

273

WD-40

Company

83,104

26,483

Wesfarmers,

Ltd.

1,099,294

Total

74,092,848

Energy

(2.8%)

20,054

Antero

Midstream

Corporation

162,437

8,498

Apache

Corporation

121,351

25,931

Archrock,

Inc.

230,008

973,496

BP

plc

3,617,453

112,890

BP

plc

ADR

2,508,416

18,051

Canadian

Natural

Resources,

Ltd.

407,815

18,315

Centennial

Resource

Development,

Inc.

a

42,857

10,842

ChampionX

Corporation

a

165,774

33,741

Chevron

Corporation

2,874,733

19,486

Cimarex

Energy

Company

821,919

9,384

Continental

Resources,

Inc.

c

184,771

12,514

Core

Laboratories

NV

412,712

3,747

Delek

US

Holdings,

Inc.

70,294

185,380

Devon

Energy

Corporation

3,051,355

10,410

Diamondback

Energy,

Inc.

590,143

123,812

Eni

SPA

1,250,595

28,929

EnLink

Midstream,

LLC

a

112,534

78,882

Enterprise

Products

Partners,

LP

1,595,783

33,563

EQT

Corporation

547,412

134,329

Equinor

ASA

2,407,336

19,939

Equitrans

Midstream

Corporation

132,594

11,199

Exterran

Corporation

a

48,380

25,161

Exxon

Mobil

Corporation

1,128,219

16,572

Frank's

International

NV

a

46,070

2,250

Gaztransport

Et

Technigaz

SA

204,949

25,214

Gran

Tierra

Energy,

Inc.

a

14,826

65,422

Halliburton

Company

1,153,390

9,283

Helmerich

&

Payne,

Inc.

225,391

11,801

HollyFrontier

Corporation

335,856

1,790

Imperial

Oil,

Ltd.

34,057

Shares

Common

Stock

(83.0%)

Value

Energy

(2.8%)

-

continued

65,772

John

Wood

Group

plc

a

$

262,742

5,739

Liberty

Oilfield

Services,

Inc.

68,983

36,984

Marathon

Oil

Corporation

267,764

63,360

Marathon

Petroleum

Corporation

2,734,618

48,247

Neste

Oil

Oyj

3,398,542

28,878

Nine

Energy

Service,

Inc.

a

74,794

5,750

Occidental

Petroleum

Corporation

115,345

10,850

Oceaneering

International,

Inc.

a

91,682

22,140

OMV

AG

929,034

27,824

Patterson-UTI

Energy,

Inc.

171,118

24,138

Pioneer

Natural

Resources

Company

2,918,284

5,876

Plains

GP

Holdings,

LP

a

50,769

8,617

ProPetro

Holding

Corporation

a

68,850

188,418

Royal

Dutch

Shell

plc,

Class

A

3,486,529

304,563

Royal

Dutch

Shell

plc,

Class

B

5,308,054

4,878

RPC,

Inc.

a

21,756

20,528

Southwestern

Energy

Company

a

77,391

3,531

Suncor

Energy,

Inc.

59,064

15,709

Talos

Energy,

Inc.

a

132,898

9,888

Targa

Resources

Corporation

270,635

25,767

TC

Energy

Corporation

1,104,430

17,084

TechnipFMC

plc

182,628

110,132

Tenaris

SA

ADR

c

1,702,641

112,514

Total

SE

4,742,281

6,962

Washington

H.

Soul

Pattinson

and

Company,

Ltd.

144,212

63,960

Woodside

Petroleum,

Ltd.

1,187,199

Total

54,071,673

Financials

(11.8%)

149

1st

Source

Corporation

5,863

116,870

AB

Industrivarden,

Class

C

a

3,716,835

8,582

AG

Mortgage

Investment

Trust,

Inc.

30,380

183,000

AIA

Group,

Ltd.

2,206,386

1,909

Alleghany

Corporation

1,082,117

45,322

Allianz

SE

10,243,175

46,552

American

Express

Company

5,412,136

23,960

American

Financial

Group,

Inc.

2,255,594

1,629

Ameriprise

Financial,

Inc.

322,330

13,174

Ameris

Bancorp

515,235

17,149

Apollo

Commercial

Real

Estate

Finance,

Inc.

191,726

16,616

Arch

Capital

Group,

Ltd.

a

521,909

1,942

Argo

Group

International

Holdings,

Ltd.

78,360

11,753

Arthur

J.

Gallagher

&

Company

1,356,414

7,421

Artisan

Partners

Asset

Management,

Inc.

359,176

36,321

Associated

Banc-Corp

651,599

10,622

Assured

Guaranty,

Ltd.

379,737

25,134

ASX,

Ltd.

1,373,375

25,473

Baloise

Holding

AG

4,265,749

351,002

Banco

Santander

SA

a

1,024,540

4,323

Bancorp,

Inc.

a

72,497

244,142

Bank

of

America

Corporation

7,238,810

1,297

Bank

of

Marin

Bancorp

48,171

7,435

BankFinancial

Corporation

63,049

12,166

Banner

Corporation

538,102

30,395

Berkshire

Hills

Bancorp,

Inc.

503,949

3,150

Blackstone

Mortgage

Trust,

Inc.

83,979

67

BM

Technologies,

Inc.

a,d

922

19,146

BNP

Paribas

SA

a

918,158

669

BOK

Financial

Corporation

49,412

Global

Stock

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

45

Shares

Common

Stock

(83.0%)

Value

Financials

(11.8%)

-

continued

1,742

Bridge

Bancorp,

Inc.

a

$

42,557

4,111

Brighthouse

Financial,

Inc.

a

145,365

23,316

BrightSphere

Investment

Group

427,382

14,180

Brookline

Bancorp,

Inc.

178,526

2,839

Brown

&

Brown,

Inc.

122,333

3,849

Byline

Bancorp,

Inc.

61,853

54,321

Capital

One

Financial

Corporation

5,663,507

1,102

Cboe

Global

Markets,

Inc.

101,086

13,849

Central

Pacific

Financial

Corporation

275,318

149,252

Charles

Schwab

Corporation

7,692,448

6,120

Chimera

Investment

Corporation

61,812

42,726

Chubb,

Ltd.

6,223,896

242,666

CI

Financial

Corporation

3,013,518

2,892

Cincinnati

Financial

Corporation

243,188

70,131

Citigroup,

Inc.

4,066,897

6,997

Citizens

Financial

Group,

Inc.

254,971

32,474

Comerica,

Inc.

1,857,513

1,150

Commerce

Bancshares,

Inc.

76,878

56,010

Commonwealth

Bank

of

Australia

3,556,182

11,839

Community

Trust

Bancorp,

Inc.

431,650

1,349

Cullen/Frost

Bankers,

Inc.

124,432

1,790

Customers

Bancorp,

Inc.

a

39,774

268,700

DBS

Group

Holdings,

Ltd.

5,066,944

18,148

Deutsche

Boerse

AG

2,913,714

36,385

Deutsche

Pfandbriefbank

AG

a,b

357,122

423

Diamond

Hill

Investment

Group,

Inc.

62,701

33,413

Discover

Financial

Services

2,791,322

268,338

DnB

ASA

a

5,224,132

6,231

East

West

Bancorp,

Inc.

373,486

554

Employers

Holdings,

Inc.

16,897

3,010

Enterprise

Financial

Services

Corporation

106,283

11,238

EQT

AB

350,299

30,329

Equitable

Holdings,

Inc.

751,553

13,639

Essent

Group,

Ltd.

570,519

48,769

Euronext

NV

b

5,252,260

1,549

Evercore,

Inc.

168,996

83,848

Everi

Holdings,

Inc.

a

1,096,732

38,494

F.N.B.

Corporation

379,551

1,574

FactSet

Research

Systems,

Inc.

475,883

1,787

FBL

Financial

Group,

Inc.

100,144

773

Federal

Agricultural

Mortgage

Corporation

58,748

8,940

Financial

Institutions,

Inc.

204,637

1,197

First

American

Financial

Corporation

62,591

16,100

First

Bancorp/Puerto

Rico

146,510

773

First

Bancorp/Southern

Pines

NC

26,328

13,094

First

Busey

Corporation

270,653

24,884

First

Financial

Bancorp

455,875

6,287

First

Financial

Corporation

241,358

7,184

First

Horizon

Corporation

99,786

19,053

First

Midwest

Bancorp,

Inc.

314,946

1,199

First

of

Long

Island

Corporation

20,059

15,703

First

Republic

Bank

2,276,778

16,631

Flagstar

Bancorp,

Inc.

712,638

2,325

Flushing

Financial

Corporation

42,501

68,283

Fulton

Financial

Corporation

914,992

6,054

Goldman

Sachs

Group,

Inc.

1,641,663

14,187

Granite

Point

Mortgage

Trust,

Inc.

132,223

11,147

Great

Southern

Bancorp,

Inc.

548,098

12,094

Great

Western

Bancorp,

Inc.

290,256

19,339

Groupe

Bruxelles

Lambert

SA

1,913,015

Shares

Common

Stock

(83.0%)

Value

Financials

(11.8%)

-

continued

8,914

Hamilton

Lane,

Inc.

$

671,848

32,797

Hancock

Whitney

Corporation

1,119,690

8,208

Hanmi

Financial

Corporation

113,435

9,417

Hanover

Insurance

Group,

Inc.

1,059,130

1,581

Heartland

Financial

USA,

Inc.

67,445

18,322

Heritage

Commerce

Corporation

160,867

8,741

Hometrust

Bancshares,

Inc.

183,561

9,100

Hong

Kong

Exchanges

&

Clearing,

Ltd.

581,783

48,305

Hope

Bancorp,

Inc.

540,050

13,201

Horizon

Bancorp,

Inc.

208,972

1,554

Houlihan

Lokey,

Inc.

100,777

871,149

HSBC

Holdings

plc

a

4,558,365

245,548

Humm

Group,

Ltd.

211,587

12,887

Independent

Bank

Corporation

236,605

2,153

Intact

Financial

Corporation

237,398

1,793

Interactive

Brokers

Group,

Inc.

109,714

11,162

Intermediate

Capital

Group

plc

258,893

74,887

J.P.

Morgan

Chase

&

Company

9,635,710

4,498

Janus

Henderson

Group

plc

138,358

138,100

Japan

Post

Bank

Company,

Ltd.

1,194,150

12,700

Japan

Post

Holdings

Company,

Ltd.

100,998

4,699

KBC

Groep

NV

a

327,682

2,276

Kemper

Corporation

160,117

15,293

Kinnevik

AB

750,266

9,249

Kinsale

Capital

Group,

Inc.

1,734,742

8,707

L

E

Lundbergforetagen

AB

a

457,315

12,116

Ladder

Capital

Corporation

119,100

2,917

Lakeland

Bancorp,

Inc.

38,242

63,078

Laurentian

Bank

of

Canada

c

1,524,231

6,772

Lincoln

National

Corporation

308,058

4,319

Loews

Corporation

195,608

123

MarketAxess

Holdings,

Inc.

66,513

3,969

Mercantile

Bank

Corporation

107,758

54,229

MetLife,

Inc.

2,611,126

5,624

Midland

States

Bancorp,

Inc.

103,425

10,534

MidWestOne

Financial

Group,

Inc.

259,031

379,800

Mitsubishi

UFJ

Financial

Group,

Inc.

1,715,094

30,786

Mizrahi

Tefahot

Bank,

Ltd.

715,987

86,864

Morgan

Stanley

5,824,231

264

Morningstar,

Inc.

60,691

6,653

Mr.

Cooper

Group,

Inc.

a

181,161

9,800

MS

and

AD

Insurance

Group

Holdings,

Inc.

281,959

3,487

MSCI,

Inc.

1,378,411

61

Nasdaq,

Inc.

8,251

40,791

National

Australia

Bank,

Ltd.

731,184

175

National

Western

Life

Group,

Inc.

31,500

693

NBT

Bancorp,

Inc.

22,876

31,693

New

York

Community

Bancorp,

Inc.

331,509

6,689

Northern

Trust

Corporation

596,592

3,838

OFG

Bancorp

65,937

5,102

Old

National

Bancorp

85,663

6,597

Old

Second

Bancorp,

Inc.

64,783

7,872

Onex

Corporation

416,885

114,400

ORIX

Corporation

1,835,650

24,020

PacWest

Bancorp

725,164

21,221

Paragon

Banking

Group

plc

131,499

1,705

Partners

Group

Holding

AG

2,013,250

2,459

Peoples

Bancorp,

Inc.

75,000

51,289

People's

United

Financial,

Inc.

700,608

32,509

Popular,

Inc.

1,844,886

Global

Stock

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

46

Shares

Common

Stock

(83.0%)

Value

Financials

(11.8%)

-

continued

19,110

Premier

Financial

Corporation

$

530,494

4,182

PROG

Holdings,

Inc.

197,307

2,385

Prosperity

Bancshares,

Inc.

160,844

10,772

QCR

Holdings,

Inc.

417,738

18,738

Radian

Group,

Inc.

359,770

38,965

Raymond

James

Financial,

Inc.

3,893,772

16,558

Redwood

Trust,

Inc.

142,068

11,335

Reinsurance

Group

of

America,

Inc.

1,190,742

491

RLI

Corporation

47,519

73,211

Royal

Bank

of

Canada

5,925,582

15,999

S&P

Global,

Inc.

5,071,683

1,816

Safety

Insurance

Group,

Inc.

133,367

14,603

Seacoast

Banking

Corporation

of

Florida

a

444,661

14,867

SEI

Investments

Company

785,721

1,422

Selective

Insurance

Group,

Inc.

92,402

6,659

Signature

Bank

1,100,000

15,991

Simmons

First

National

Corporation

394,978

1,560

Southside

Bancshares,

Inc.

48,937

25,308

St.

James's

Place

plc

405,027

18,745

Starwood

Property

Trust,

Inc.

351,656

4,489

Sterling

Bancorp

82,867

2,733

Stifel

Financial

Corporation

141,624

61,900

Sumitomo

Mitsui

Financial

Group,

Inc.

1,923,129

59,149

Sun

Life

Financial,

Inc.

2,733,690

5,977

Swiss

Life

Holding

AG

2,725,245

20,735

Synovus

Financial

Corporation

771,342

4,069

T.

Rowe

Price

Group,

Inc.

636,717

2,608

Territorial

Bancorp,

Inc.

62,227

9,798

TMX

Group,

Ltd.

945,052

24,600

Tokio

Marine

Holdings,

Inc.

1,208,374

124

Tompkins

Financial

Corporation

8,292

557

Topdanmark

AS

25,719

8,644

Torchmark

Corporation

781,331

83,973

Toronto-Dominion

Bank

4,758,306

3,434

Towne

Bank

79,669

10,402

TPG

RE

Finance

Trust,

Inc.

101,628

5,404

TriCo

Bancshares

201,569

70,357

Truist

Financial

Corporation

3,375,729

18,606

TrustCo

Bank

Corporation

115,729

2,656

Trustmark

Corporation

72,960

11,484

Two

Harbors

Investment

Corporation

69,708

16,016

Umpqua

Holdings

Corporation

232,392

12,013

United

Bankshares,

Inc.

380,332

1,012

Univest

Financial

Corporation

22,719

7,955

Unum

Group

184,795

30,226

Valley

National

Bancorp

308,607

669

Walker

&

Dunlop,

Inc.

55,072

3,229

Washington

Trust

Bancorp,

Inc.

140,720

4,921

Webster

Financial

Corporation

230,057

209,727

Wells

Fargo

&

Company

6,266,643

5,482

WesBanco,

Inc.

158,978

40,536

Western

Alliance

Bancorp

2,763,744

19,874

Western

Asset

Mortgage

Capital

Corporation

58,628

343

Westwood

Holdings

Group,

Inc.

4,061

13,233

Wintrust

Financial

Corporation

796,494

55,986

Zions

Bancorporations

NA

2,471,222

9,313

Zurich

Insurance

Group

AG

3,723,773

Total

227,007,697

Shares

Common

Stock

(83.0%)

Value

Health

Care

(11.7%)

14,609

AbbVie,

Inc.

$

1,497,130

2,134

Acadia

Healthcare

Company,

Inc.

a

108,151

49,105

ACADIA

Pharmaceuticals,

Inc.

a

2,359,495

735

Acceleron

Pharma,

Inc.

a

84,915

11,251

ADMA

Biologics,

Inc.

a

24,977

4,516

Adverum

Biotechnologies,

Inc.

a

55,682

2,985

Agile

Therapeutics,

Inc.

a

8,418

6,940

Akebia

Therapeutics,

Inc.

a

22,486

400

Allakos,

Inc.

a

53,332

2,739

Altimmune,

Inc.

a

39,113

2,899

AmerisourceBergen

Corporation

302,076

14,692

Amgen,

Inc.

3,547,090

4,311

AnaptysBio,

Inc.

a

111,741

14,783

Anthem,

Inc.

4,390,255

94,257

Ardelyx,

Inc.

a

640,005

4,137

Arena

Pharmaceuticals,

Inc.

a

307,131

5,687

Argenx

SE

ADR

a

1,666,405

4,608

Arrowhead

Research

Corporation

a

355,599

56,600

Astellas

Pharmaceutical,

Inc.

918,733

5,546

Atara

Biotherapeutics,

Inc.

a

102,379

141

Atrion

Corporation

91,857

829

AVROBIO,

Inc.

a

11,863

17,935

Axonics

Modulation

Technologies,

Inc.

a

927,240

5,573

Becton,

Dickinson

and

Company

1,458,956

9,720

Biogen,

Inc.

a

2,746,969

13,186

Biohaven

Pharmaceutical

Holding

Company,

Ltd.

a

1,123,711

182

BioLife

Solutions,

Inc.

a

6,901

337

Bio-Rad

Laboratories,

Inc.

a

193,361

9,311

Bio-Techne

Corporation

3,025,237

1,409

BioXcel

Therapeutics,

Inc.

a

65,265

1,829

Bluebird

Bio,

Inc.

a

81,482

1,102

Bruker

Corporation

63,795

1,358

Capricor

Therapeutics,

Inc.

a

8,936

25,866

Catalent,

Inc.

a

2,975,883

40,084

Centene

Corporation

a

2,417,065

42,158

Cerner

Corporation

3,377,277

4,106

Charles

River

Laboratories

International,

Inc.

a

1,063,659

1,063

Chemed

Corporation

550,528

74,500

Chugai

Pharmaceutical

Company,

Ltd.

3,898,521

22,020

Cigna

Holding

Company

4,779,441

5,774

CryoLife,

Inc.

a

138,172

33,288

CSL,

Ltd.

6,901,333

39,227

CVS

Health

Corporation

2,810,615

3,084

CymaBay

Therapeutics,

Inc.

a

16,499

5,474

CytomX

Therapeutics,

Inc.

a

37,825

94,700

Daiichi

Sankyo

Company,

Ltd.

3,048,489

771

Deciphera

Pharmaceuticals,

Inc.

a

34,078

15,871

Dexcom,

Inc.

a

5,949,244

3,286

Dynavax

Technologies

Corporation

a,c

20,735

2,311

Editas

Medicine,

Inc.

a

141,780

48,102

Edwards

Lifesciences

Corporation

a

3,972,263

5,246

Envista

Holdings

Corporation

a

186,443

845

Eurofins

Scientific

SE

a

81,109

4,439

Fisher

&

Paykel

Healthcare

Corporation,

Ltd.

110,015

732

Fulcrum

Therapeutics,

Inc.

a

8,096

1,500

Gerresheimer

AG

159,733

263,512

GlaxoSmithKline

plc

4,893,742

56,745

GlaxoSmithKline

plc

ADR

2,113,751

8,247

Global

Blood

Therapeutics,

Inc.

a

413,340

15,196

GoodRx

Holdings,

Inc.

a,c

708,438

Global

Stock

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

47

Shares

Common

Stock

(83.0%)

Value

Health

Care

(11.7%)

-

continued

23,916

Guardant

Health,

Inc.

a

$

3,718,938

2,412

Haemonetics

Corporation

a

275,667

16,964

Halozyme

Therapeutics,

Inc.

a

807,317

21,262

HCA

Healthcare,

Inc.

3,454,650

3,289

HealthEquity,

Inc.

a

274,796

6,429

Hill-Rom

Holdings,

Inc.

617,441

10,181

Humana,

Inc.

3,900,443

36

ICU

Medical,

Inc.

a

7,361

3,972

ImmunoGen,

Inc.

a

28,320

2,784

Immunovant,

Inc.

a

108,660

8,653

Inovio

Pharmaceuticals,

Inc.

a,c

110,326

2,088

Insmed,

Inc.

a

78,488

7,527

Inspire

Medical

Systems,

Inc.

a

1,516,766

7,140

Insulet

Corporation

a

1,907,665

1,876

Integra

LifeSciences

Holdings

Corporation

a

123,891

7,315

Intuitive

Surgical,

Inc.

a

5,468,987

4,986

Invitae

Corporation

a,c

246,907

4,687

Ionis

Pharmaceuticals,

Inc.

a

281,548

2,873

Iovance

Biotherapeutics,

Inc.

a

125,952

53,084

Johnson

&

Johnson

8,659,593

3,097

Kura

Oncology,

Inc.

a

92,755

1,688

Laboratory

Corporation

of

America

Holdings

a

386,400

21,095

LHC

Group,

Inc.

a

4,202,546

3,602

LNA

Sante

215,389

3,147

Lonza

Group

AG

2,009,988

37,100

M3,

Inc.

3,122,882

3,060

MacroGenics,

Inc.

a

62,546

62,754

Medtronic

plc

6,986,403

92,952

Merck

&

Company,

Inc.

7,163,811

9,107

Merck

KGaA

1,517,852

1,889

Mersana

Therapeutics,

Inc.

a

36,004

1,536

Mesa

Laboratories,

Inc.

425,687

298

Mirati

Therapeutics,

Inc.

a

61,188

5,998

Molina

Healthcare,

Inc.

a

1,281,233

2,753

Myovant

Sciences,

Ltd.

a

64,117

16,760

Natera,

Inc.

a

1,787,286

6,094

National

Healthcare

Corporation

390,321

1,895

Neogen

Corporation

a

153,249

13,616

Nevro

Corporation

a

2,202,933

161,075

Novartis

AG

14,584,565

126,180

Novo

Nordisk

AS

8,790,737

41,397

Novo

Nordisk

AS

ADR

2,881,231

2,334

Omnicell,

Inc.

a

274,945

36,356

Optinose,

Inc.

a

144,697

1,304

Orthifix

Medical,

Inc.

a

52,695

2,770

Owens

&

Minor,

Inc.

80,552

13,924

PRA

Health

Sciences,

Inc.

a

1,715,994

1,705

Precigen,

Inc.

a

14,493

9,492

Pulmonx

Corporation

a

538,386

2,635

Reata

Pharmaceuticals,

Inc.

a

272,960

65,829

Recordati

SPA

3,406,595

6,655

Repligen

Corporation

a

1,331,000

2,991

Replimune

Group,

Inc.

a

116,051

1,673

Revolution

Medicines,

Inc.

a

70,500

9,056

Roche

Holding

AG

3,125,335

1,734

Sage

Therapeutics,

Inc.

a

139,847

3,428

Sarepta

Therapeutics,

Inc.

a

306,463

715

Sartorius

Aktiengesellschaft

355,423

512

Sartorius

Stedim

Biotech

214,361

9,800

Sawai

Pharmaceutical

Company,

Ltd.

447,988

275

Seres

Therapeutics,

Inc.

a

6,531

11,047

Sesen

Bio,

Inc.

a

18,890

Shares

Common

Stock

(83.0%)

Value

Health

Care

(11.7%)

-

continued

22,085

Silk

Road

Medical,

Inc.

a

$

1,204,295

7,275

Sonic

Healthcare,

Ltd.

190,124

7,656

Sonova

Holding

AG

a

1,846,927

6,397

Spectrum

Pharmaceuticals,

Inc.

a

22,965

14,711

Stryker

Corporation

3,251,278

707

Surmodics,

Inc.

a

32,169

1,900

Sysmex

Corporation

221,659

19,068

Tactile

Systems

Technology,

Inc.

a

1,040,159

52,200

Takeda

Pharmaceutical

Company,

Ltd.

1,835,855

4,365

Tecan

Group

AG

2,111,947

17,375

Teladoc

Health,

Inc.

a,c

4,584,046

6,299

Teleflex,

Inc.

2,378,691

4,064

Tenet

Healthcare

Corporation

a

192,105

11,500

Terumo

Corporation

446,955

10,798

Thermo

Fisher

Scientific,

Inc.

5,503,741

11,147

Travere

Therapeutics,

Inc.

a

281,462

1,106

U.S.

Physical

Therapy,

Inc.

133,096

54

Ultragenyx

Pharmaceutical,

Inc.

a

7,484

1,288

United

Therapeutics

Corporation

a

211,000

4,089

Vaxart,

Inc.

a,c

48,986

50,999

VBI

Vaccines,

Inc.

a

166,257

21,825

Veeva

Systems,

Inc.

a

6,033,303

19,020

Vertex

Pharmaceuticals,

Inc.

a

4,357,102

2,476

ViewRay,

Inc.

a

10,993

916

Viking

Therapeutics,

Inc.

a

6,696

919

Waters

Corporation

a

243,232

2,507

West

Pharmaceutical

Services,

Inc.

750,821

9,533

Zimmer

Biomet

Holdings,

Inc.

1,464,936

38,572

Zoetis,

Inc.

5,949,731

17,772

Zymeworks,

Inc.

a

601,049

Total

225,104,369

Industrials

(10.7%)

13,239

A.O.

Smith

Corporation

718,878

885

A.P.

Moller

-

Maersk

AS,

Class

B

1,817,939

42,118

Aalberts

NV

1,901,353

725

Acuity

Brands,

Inc.

87,174

8,058

AECOM

a

403,706

3,158

Aegion

Corporation

a

58,012

180

Alaska

Air

Group,

Inc.

8,789

4,500

Allegion

plc

481,545

24,856

Altra

Industrial

Motion

Corporation

1,277,847

28,934

American

Airlines

Group,

Inc.

c

496,797

4,426

AMETEK,

Inc.

501,289

75,978

Arconic,

Inc.

1,867,539

1,868

Armstrong

World

Industries,

Inc.

146,096

25,791

ASGN,

Inc.

a

2,138,332

108,166

Assa

Abloy

AB

2,675,138

123,094

Atlas

Copco

AB,

Class

A

6,678,262

37,886

Atlas

Copco

AB,

Class

B

1,773,823

16,063

AZZ,

Inc.

764,438

6,341

Boeing

Company

1,231,359

47,132

Canadian

National

Railway

Company

4,773,831

10,997

Canadian

Pacific

Railway,

Ltd.

3,694,820

22,672

Carlisle

Companies,

Inc.

3,285,853

20,678

CBIZ,

Inc.

a

535,767

21,958

Chart

Industries,

Inc.

a

2,637,375

16,905

CIA

De

Distribucion

Integral

318,024

2,815

CRA

International,

Inc.

149,786

16,113

Crane

Company

1,219,432

9,825

CSW

Industrials,

Inc.

1,144,809

26,215

CSX

Corporation

2,248,067

Global

Stock

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

48

Shares

Common

Stock

(83.0%)

Value

Industrials

(10.7%)

-

continued

12,015

Curtiss-Wright

Corporation

$

1,247,037

7,200

Daikin

Industries,

Ltd.

1,520,154

90,513

Delta

Air

Lines,

Inc.

3,435,873

16,095

Deutsche

Post

AG

795,013

2,043

Douglas

Dynamics,

Inc.

83,354

5,850

DSV

AS

912,748

2,512

Dycom

Industries,

Inc.

a

203,824

8,836

EMCOR

Group,

Inc.

780,219

2,061

Expeditors

International

of

Washington,

Inc.

184,501

77,917

Experian

plc

2,723,393

2,000

FANUC

Corporation

522,139

7,331

Fluor

Corporation

126,753

14,376

Forrester

Research,

Inc.

a

570,152

10,449

Forward

Air

Corporation

749,089

5,190

Generac

Holdings,

Inc.

a

1,278,920

22,243

General

Dynamics

Corporation

3,262,603

6,097

Gorman-Rupp

Company

192,055

272,974

GWA

Group,

Ltd.

714,943

9,500

Hanwa

Company,

Ltd.

245,410

19,594

Honeywell

International,

Inc.

3,828,080

9,337

Hubbell,

Inc.

1,452,837

1,603

ICF

International,

Inc.

123,639

10,045

IDEX

Corporation

1,870,279

66,200

Inaba

Denki

Sangyo

Company,

Ltd.

1,547,427

761

Insperity,

Inc.

59,731

3,400

Jardine

Matheson

Holdings,

Ltd.

196,520

369

JB

Hunt

Transport

Services,

Inc.

49,690

9,571

JetBlue

Airways

Corporation

a

137,248

108,218

Johnson

Controls

International

plc

5,391,421

33,900

Kamigumi

Company,

Ltd.

598,031

15,304

Kansas

City

Southern

3,101,662

814

Kimball

International,

Inc.

9,841

62,100

Kinden

Corporation

997,866

29,045

KONE

Oyj

2,284,245

18,492

L3Harris

Technologies,

Inc.

3,171,563

9,011

Landstar

System,

Inc.

1,256,133

85,513

Legrand

SA

7,876,457

4,215

Lennox

International,

Inc.

1,161,190

23,027

Lincoln

Electric

Holdings,

Inc.

2,636,591

11,948

Lockheed

Martin

Corporation

3,845,105

5,373

Manpower,

Inc.

475,188

130,400

Marubeni

Corporation

866,418

1,739

Masonite

International

Corporation

a

173,031

25,712

Mercury

Systems,

Inc.

a

1,827,095

50,525

Meritor,

Inc.

a

1,304,050

20,246

Middleby

Corporation

a

2,747,787

9,000

MISUMI

Group,

Inc.

293,039

125,100

Mitsubishi

Corporation

3,169,048

98,800

Mitsubishi

Electric

Corporation

1,507,175

25,200

Mitsuboshi

Belting,

Ltd.

396,941

227,200

Mitsui

&

Company,

Ltd.

4,215,601

2,500

MonotaRO

Company,

Ltd.

125,271

6,984

MSC

Industrial

Direct

Company,

Inc.

541,749

28,800

Nidec

Corporation

3,832,652

1,300

Nihon

M&A

Center,

Inc.

75,282

94,500

Nitto

Kogyo

Corporation

1,843,817

41,378

Nobina

AB

a,b

329,329

899

Nordson

Corporation

160,912

14,572

Norfolk

Southern

Corporation

3,448,027

5,168

Old

Dominion

Freight

Line,

Inc.

1,002,592

23,322

Otis

Worldwide

Corporation

1,507,767

Shares

Common

Stock

(83.0%)

Value

Industrials

(10.7%)

-

continued

141,481

PageGroup

plc

a

$

869,077

16,661

Parker-Hannifin

Corporation

4,408,667

4,634

Quad/Graphics,

Inc.

21,687

11,166

Ranpak

Holdings

Corporation

a

193,618

43,150

Raytheon

Technologies

Corporation

2,879,400

4,680

RBC

Bearings,

Inc.

a

783,104

71,000

Recruit

Holdings

Company,

Ltd.

3,088,317

38,823

Redde

Northgate

plc

129,984

32,184

Regal-Beloit

Corporation

4,038,448

266,370

RELX

plc

6,594,892

24,161

Ritchie

Brothers

Auctioneers,

Inc.

1,423,325

1,947

Rockwell

Automation,

Inc.

483,888

23,569

Rush

Enterprises,

Inc.

989,662

3,016

Ryder

System,

Inc.

188,771

5,035

Saia,

Inc.

a

889,936

69,649

Schneider

Electric

SE

10,193,867

88,192

SEEK,

Ltd.

1,879,103

3,300

SHO-BOND

Holdings

Company,

Ltd.

143,593

21,619

Signify

NV

a,b

1,031,572

5,517

Simpson

Manufacturing

Company,

Inc.

507,564

55,000

SITC

International

Holdings

Company,

Ltd.

126,082

151

Sixt

SE

a

17,546

300

SMC

Corporation

181,549

1,795

Snap-On,

Inc.

323,082

307,600

Sojitz

Corporation

712,071

13,919

Spirax-Sarco

Engineering

plc

2,104,411

2,948

Spirit

Airlines,

Inc.

a,c

76,471

873

SPX

FLOW,

Inc.

a

46,243

16,643

Standex

International

Corporation

1,363,228

107,500

Sumitomo

Corporation

1,427,014

53,836

Summit

Materials,

Inc.

a

1,105,253

582

Sunrun,

Inc.

a

40,315

3,900

Taikisha,

Ltd.

103,996

10,300

Taisei

Corporation

333,690

1,282

Teledyne

Technologies,

Inc.

a

457,687

2,963

Tetra

Tech,

Inc.

360,212

1,796

Thermon

Group

Holdings,

Inc.

a

26,204

21,500

Toppan

Forms

Company,

Ltd.

221,671

107

Toro

Company

10,085

11,310

Transcontinental,

Inc.

c

181,491

19,192

TransUnion

1,670,472

107,923

Transurban

Group

a

1,087,445

20,036

Trex

Company,

Inc.

a

1,838,704

17,024

TriMas

Corporation

a

538,810

22,400

Tsubakimoto

Chain

Company

576,027

1,496

UniFirst

Corporation

318,349

3,035

United

Airlines

Holdings,

Inc.

a

121,370

24,505

United

Parcel

Service,

Inc.

3,798,275

22,385

United

Rentals,

Inc.

a

5,439,779

5,569

Valmont

Industries,

Inc.

1,074,371

2,898

Waste

Connections,

Inc.

285,482

3,650

Watsco,

Inc.

870,489

492

Watts

Water

Technologies,

Inc.

59,074

14,840

Willdan

Group,

Inc.

a

663,200

6,268

XPO

Logistics,

Inc.

a

692,050

2,893

Xylem,

Inc.

279,435

16,800

Yuasa

Trading

Company,

Ltd.

525,279

Total

205,817,974

Information

Technology

(16.8%)

25,440

Adobe,

Inc.

a

11,671,109

Global

Stock

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

49

Shares

Common

Stock

(83.0%)

Value

Information

Technology

(16.8%)

-

continued

1,061

ADTRAN,

Inc.

$

18,249

7,100

Advantest

Corporation

561,092

8,749

Alliance

Data

Systems

Corporation

591,870

7,611

Amphenol

Corporation

950,462

38,749

Anaplan,

Inc.

a

2,584,558

933

ANSYS,

Inc.

a

330,627

251,376

Apple,

Inc.

33,171,577

20,159

ASML

Holding

NV

10,761,946

2,638

Aspen

Technology,

Inc.

a

353,228

5,304

Atlassian

Corporation

plc

a

1,225,914

10,666

Avalara,

Inc.

a

1,599,900

280

Avnet,

Inc.

9,887

15,180

Bandwidth,

Inc.

a

2,704,165

1,215

Bechtle

AG

258,178

10,177

Benchmark

Electronics,

Inc.

257,783

32,080

BigCommerce

Holdings,

Inc.

a,c

2,564,475

65

Bill.com

Holdings,

Inc.

a

7,922

10,171

Blackline,

Inc.

a

1,318,365

2,559

Broadridge

Financial

Solutions,

Inc.

361,612

881

CACI

International,

Inc.

a

212,515

40,500

Canon,

Inc.

895,921

623

Capgemini

SA

90,030

16,314

CDK

Global,

Inc.

814,069

3,737

CDW

Corporation

492,013

1,460

Ceridian

HCM

Holding,

Inc.

a

135,649

95,331

CGI,

Inc.

a

7,641,390

203,342

Cisco

Systems,

Inc.

9,064,986

359

Clearfield,

Inc.

a

11,244

7,894

Cognex

Corporation

648,334

2,233

CompuGroup

Medical

SE

and

Company

KGaA

220,300

130,940

Computershare,

Ltd.

1,429,178

2,660

Concentrix

Corporation

a

284,407

6,633

Coupa

Software,

Inc.

a

2,055,368

5,267

Cree,

Inc.

a

532,388

2,880

CTS

Corporation

87,840

12,628

Descartes

Systems

Group,

Inc.

a

771,066

8,697

DocuSign,

Inc.

a

2,025,444

26,967

Dolby

Laboratories,

Inc.

2,373,905

1,231

Domo,

Inc.

a

78,033

1,893

DSP

Group,

Inc.

a

30,534

25,419

Elastic

NV

a

3,862,671

14,602

Endava

plc

ADR

a

1,154,434

382

Enphase

Energy,

Inc.

a

69,658

2,899

EPAM

Systems,

Inc.

a

998,503

4,982

ePlus,

Inc.

a

418,687

16,625

Euronet

Worldwide,

Inc.

a

2,077,460

15,005

Eventbrite,

Inc.

a,c

267,839

3,824

ExlService

Holdings,

Inc.

a

293,224

2,063

eXp

World

Holdings,

Inc.

a

219,895

3,642

F5

Networks,

Inc.

a

713,650

2,065

Fair

Isaac

Corporation

a

929,477

5,316

First

Solar,

Inc.

a

527,081

10,911

Five9,

Inc.

a

1,813,954

34

FleetCor

Technologies,

Inc.

a

8,254

29,800

Fuji

Soft,

Inc.

1,539,456

10,615

Global

Payments,

Inc.

1,873,760

1,639

Guidewire

Software,

Inc.

a

188,059

231,898

Halma

plc

7,816,374

13,158

Health

Catalyst,

Inc.

a

653,689

9,800

Hitachi,

Ltd.

403,714

16,500

Hoya

Corporation

2,111,240

6,583

II-VI,

Inc.

a

553,433

25,670

Infineon

Technologies

AG

1,028,431

Shares

Common

Stock

(83.0%)

Value

Information

Technology

(16.8%)

-

continued

3,236

InterDigital,

Inc.

$

207,784

130

IPG

Photonics

Corporation

a

29,046

19,600

ITOCHU

Techno-Solutions

Corporation

690,981

6,753

Jack

Henry

&

Associates,

Inc.

977,767

3,962

Juniper

Networks,

Inc.

96,752

10,400

Keyence

Corporation

5,583,564

4,158

Kinaxis,

Inc.

a

577,194

2,143

Kulicke

and

Soffa

Industries,

Inc.

76,441

1,533

Lam

Research

Corporation

741,895

4,300

Lasertec

Corporation

575,976

22,160

Lattice

Semiconductor

Corporation

a

888,838

749

Littelfuse,

Inc.

182,284

25,591

Lumentum

Holdings,

Inc.

a

2,400,436

2,371

Manhattan

Associates,

Inc.

a

268,468

238

ManTech

International

Corporation

21,346

39,164

MasterCard,

Inc.

12,387,182

2,442

MAXIMUS,

Inc.

183,297

534

MaxLinear,

Inc.

a

16,762

59,730

Medallia,

Inc.

a,c

2,478,795

145,234

Microsoft

Corporation

33,688,479

887

MicroStrategy,

Inc.

a,c

547,554

16,893

MKS

Instruments,

Inc.

2,670,277

12,223

Monolithic

Power

Systems,

Inc.

4,342,710

2,900

Motorola

Solutions,

Inc.

485,895

5,600

Murata

Manufacturing

Company,

Ltd.

537,869

56,000

NEC

Networks

&

System

Integration

Corporation

991,592

338

NetApp,

Inc.

22,457

4,182

Nice,

Ltd.

ADR

a

1,092,673

5,218

Nova

Measuring

Instruments,

Ltd.

a

363,329

4,297

Novanta,

Inc.

a

536,781

19,351

NVIDIA

Corporation

10,054,586

3,800

OBIC

Company,

Ltd.

710,995

4,238

Okta,

Inc.

a

1,097,684

45,212

Oracle

Corporation

2,732,161

12,300

Oracle

Corporation

Japan

1,449,162

5,490

Palo

Alto

Networks,

Inc.

a

1,925,618

40

Paylocity

Holding

Corporation

a

7,498

70,739

PayPal

Holdings,

Inc.

a

16,574,855

910

Progress

Software

Corporation

36,564

8,360

Q2

Holdings,

Inc.

a

1,069,996

5,315

QAD,

Inc.

344,359

5,547

Qorvo,

Inc.

a

947,871

72,507

QUALCOMM,

Inc.

11,331,394

6,711

Rogers

Corporation

a

1,047,386

600

Rohm

Company,

Ltd.

60,878

12,400

Ryoyo

Electro

Corporation

c

347,160

6,681

Sabre

Corporation

72,021

16,174

SailPoint

Technologies

Holdings,

Inc.

a

894,584

42,057

Salesforce.com,

Inc.

a

9,486,377

3,044

Samsung

Electronics

Company,

Ltd.

GDR

5,591,065

5,500

SAP

SE

697,883

4,651

ScanSource,

Inc.

a

112,508

7,584

Semtech

Corporation

a

538,085

17,282

ServiceNow,

Inc.

a

9,386,891

1,054

Shift4

Payments,

Inc.

a

68,521

8,762

Shopify

Inc.

a

9,625,846

28,270

Sierra

Wireless,

Inc.

a,c

523,278

2,238

Silicon

Laboratories,

Inc.

a

293,558

770

Solaredge

Technology,

Ltd.

a

222,014

44,230

Square,

Inc.

a

9,551,911

Global

Stock

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

50

Shares

Common

Stock

(83.0%)

Value

Information

Technology

(16.8%)

-

continued

40,539

STMicroelectronics

NV

ADR

c

$

1,619,533

2,660

SYNNEX

Corporation

217,109

26,043

Texas

Instruments,

Inc.

4,315,065

27,420

Thomson

Reuters

Corporation

2,235,842

9,000

Tokyo

Electron,

Ltd.

3,422,276

1,398

Tyler

Technologies,

Inc.

a

591,060

3,567

VeriSign,

Inc.

a

692,248

2,426

ViaSat,

Inc.

a

105,628

9,596

VMware,

Inc.

a,c

1,322,809

726

Western

Union

Company

16,168

10,829

Wix.com,

Ltd.

a

2,675,304

13,097

Workiva,

Inc.

a

1,276,565

13,788

Xero,

Ltd.

a

1,360,171

964

Zendesk,

Inc.

a

139,047

1,754

Zix

Corporation

a

14,295

6,253

Zscaler,

Inc.

a

1,248,724

Total

322,439,453

Materials

(3.9%)

2,461

AdvanSix,

Inc.

a

52,469

31,564

Air

Liquide

SA

5,162,190

46,000

Air

Water,

Inc.

743,695

5,670

AptarGroup,

Inc.

753,940

2,308

Avery

Dennison

Corporation

348,208

95,048

Axalta

Coating

Systems,

Ltd.

a

2,565,346

266

Balchem

Corporation

28,470

65,490

BHP

Group,

Ltd.

2,184,029

4,334

Cabot

Corporation

190,306

1,986

Carpenter

Technology

Corporation

62,043

2,143

Celanese

Corporation

261,767

95,845

CF

Industries

Holdings,

Inc.

3,966,066

17,685

Chemours

Company

465,823

11,159

Cleveland-Cliffs,

Inc.

171,179

12,639

Coeur

Mining,

Inc.

a

114,383

22,328

Croda

International

plc

1,918,384

37,326

Eastman

Chemical

Company

3,671,012

17,369

Ecolab,

Inc.

3,552,134

546

EMS-CHEMIE

Holding

AG

514,987

2,830

FMC

Corporation

306,461

10,133

Franco-Nevada

Corporation

1,209,171

307

Givaudan

SA

1,236,833

152,025

Granges

AB

a

1,745,401

144,584

Hexpol

AB

1,580,153

8,664

Holmen

AB

396,633

3,870

Ingevity

Corporation

a

254,220

17,594

Innospec,

Inc.

1,544,577

11,532

Kaiser

Aluminum

Corporation

999,824

41,821

Koninklijke

DSM

NV

7,310,858

73,600

Kyoei

Steel,

Ltd.

947,694

4,300

Lintec

Corporation

97,397

17,510

LyondellBasell

Industries

NV

1,501,658

10,799

Martin

Marietta

Materials,

Inc.

3,103,741

3,902

Materion

Corporation

266,077

5,700

Minerals

Technologies,

Inc.

351,291

12,291

Myers

Industries,

Inc.

246,435

8,244

Neenah,

Inc.

419,784

1,200

Nissan

Chemical

Industries,

Ltd.

68,351

46,903

Nucor

Corporation

2,285,583

6,425

O-I

Glass,

Inc.

81,212

12,033

Olin

Corporation

287,709

1,818

Olympic

Steel,

Inc.

24,816

8,119

Quaker

Chemical

Corporation

2,128,233

373

Reliance

Steel

&

Aluminum

Company

43,298

34,832

Rio

Tinto

plc

2,642,594

Shares

Common

Stock

(83.0%)

Value

Materials

(3.9%)

-

continued

25,960

Rio

Tinto,

Ltd.

$

2,172,829

1,658

RPM

International,

Inc.

136,735

7,354

Ryerson

Holding

Corporation

a

90,748

159,462

Sandfire

Resources,

Ltd.

577,687

1,456

Scotts

Miracle-Gro

Company

322,373

1,488

Sealed

Air

Corporation

62,898

8,278

Sensient

Technologies

Corporation

583,847

16,500

Shin-Etsu

Chemical

Company,

Ltd.

2,872,298

16,531

Sika

AG

4,498,282

5,811

Steel

Dynamics,

Inc.

199,143

34,166

Symrise

AG

4,251,735

10,400

Taiyo

Holdings

Company,

Ltd.

619,040

47,900

Toagosei

Company,

Ltd.

507,610

8,000

Ube

Industries,

Ltd.

151,972

2,376

United

States

Steel

Corporation

42,198

4,468

Wacker

Chemie

AG

646,643

1,854

Worthington

Industries,

Inc.

97,038

9,740

Yara

International

ASA

452,913

Total

76,092,424

Real

Estate

(3.2%)

30,310

Agree

Realty

Corporation

1,915,592

55,344

Alstria

Office

REIT

AG

953,709

46,049

American

Campus

Communities,

Inc.

1,895,377

19,458

American

Tower

Corporation

4,423,971

3,366

Apartment

Income

REIT

Corporation

a

130,500

5,511

Armada

Hoffler

Properties,

Inc.

59,243

859,288

Ascendas

REIT

1,982,662

11,223

AvalonBay

Communities,

Inc.

1,836,868

466

Bluegreen

Vacations

Holding

Corporations

a

6,100

138

Bluerock

Residential

Growth

REIT,

Inc.

1,443

15,124

Camden

Property

Trust

1,544,917

14,930

Canadian

Apartment

Properties

REIT

597,784

21,285

CareTrust

REIT,

Inc.

478,061

44,853

Castellum

AB

1,076,085

54,410

CBRE

Group,

Inc.

a

3,317,922

4,493

Cedar

Realty

Trust,

Inc.

47,940

1,686

Centerspace

117,919

9,247

Choice

Properties

REIT

93,500

2,185

Colony

Credit

Real

Estate,

Inc.

17,261

10,542

Columbia

Property

Trust,

Inc.

143,371

2,943

Community

Healthcare

Trust,

Inc.

131,611

3,538

Corepoint

Lodging,

Inc.

24,094

2,121

CoStar

Group,

Inc.

a

1,908,285

56,835

Cushman

and

Wakefield

plc

a

814,446

10,200

Daito

Trust

Construction

Company,

Ltd.

1,062,983

11,730

Deutsche

Wohnen

AG

580,476

4,656

Douglas

Emmett,

Inc.

129,018

4,717

EastGroup

Properties,

Inc.

637,455

10,628

EPR

Properties

421,294

4,794

Equity

Lifestyle

Properties,

Inc.

291,667

32,021

Essential

Properties

Realty

Trust,

Inc.

666,677

1,236

Essex

Property

Trust,

Inc.

296,158

4,680

Farmland

Partners,

Inc.

48,251

2,815

Federal

Realty

Investment

Trust

246,481

29,507

First

Industrial

Realty

Trust,

Inc.

1,199,164

2,048

FirstService

Corporation

279,761

6,139

FirstService

Corporation

840,122

Global

Stock

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

51

Shares

Common

Stock

(83.0%)

Value

Real

Estate

(3.2%)

-

continued

24,689

Four

Corners

Property

Trust,

Inc.

$

650,802

7,106

Gaming

and

Leisure

Properties,

Inc.

292,270

6,238

Getty

Realty

Corporation

165,744

3,089

Gladstone

Commercial

Corporation

54,706

4,656

Gladstone

Land

Corporation

73,285

4,082

Global

Medical

REIT,

Inc.

51,188

10,399

Healthcare

Realty

Trust,

Inc.

312,074

11,297

Healthcare

Trust

of

America,

Inc.

319,140

1,001

Highwoods

Properties,

Inc.

37,527

112,310

Host

Hotels

&

Resorts,

Inc.

1,521,800

5,302

Hudson

Pacific

Properties,

Inc.

124,279

49,000

Hysan

Development

Company,

Ltd.

177,698

12,724

Industrial

Logistics

Properties

Trust

269,876

3,917

Innovative

Industrial

Properties,

Inc.

732,949

483

Invesco

Office

J-Reit,

Inc.

70,155

3,637

Iron

Mountain,

Inc.

122,458

4,031

Jones

Lang

LaSalle,

Inc.

a

589,373

28,843

Kilroy

Realty

Corporation

1,633,379

1,179

Lamar

Advertising

Company

95,240

4,951

LEG

Immobilien

AG

709,733

6,094

Lexington

Realty

Trust

62,464

6,936

Life

Storage,

Inc.

565,839

37,032

Medical

Properties

Trust,

Inc.

781,746

40,100

Mitsubishi

Estate

Company,

Ltd.

634,382

949

National

Health

Investors,

Inc.

61,533

20,299

National

Retail

Properties,

Inc.

791,661

38,311

National

Storage

Affiliates

Trust

1,399,884

30,915

New

Residential

Investment

Corporation

290,292

8,252

New

Senior

Investment

Group,

Inc.

43,736

9,588

NexPoint

Residential

Trust,

Inc.

378,438

8,826

Omega

Healthcare

Investors,

Inc.

319,678

3,803

One

Liberty

Properties,

Inc.

76,212

367

PotlatchDeltic

Corporation

17,528

6,111

Preferred

Apartment

Communities,

Inc.

43,938

32,630

PSP

Swiss

Property

AG

4,174,640

58,998

Quebecor,

Inc.

1,411,800

4,823

Realty

Income

Corporation

284,846

3,022

Redfin

Corporation

a

215,197

34,635

Rexford

Industrial

Realty,

Inc.

1,695,037

605

RMR

Group,

Inc.

22,312

179,000

Road

King

Infrastructure,

Ltd.

222,031

27,031

Sabra

Health

Care

REIT,

Inc.

453,850

2,965

SBA

Communications

Corporation

796,607

61,774

Service

Properties

Trust

655,422

6,118

SL

Green

Realty

Corporation

412,843

10,170

Spirit

Realty

Capital,

Inc.

392,155

13,241

STAG

Industrial,

Inc.

394,582

11,281

Store

Capital

Corporation

349,937

158,609

TAG

Immobilien

AG

4,870,358

7,671

UDR,

Inc.

294,950

3,819

UMH

Properties,

Inc.

56,139

12,554

Uniti

Group,

Inc.

154,540

160

Universal

Health

Realty

Income

Trust

9,549

1,047

Vonovia

SE

69,908

372,000

Wing

Tai

Holdings,

Ltd.

530,473

2,788

WP

Carey,

Inc.

185,123

Total

61,341,474

Shares

Common

Stock

(83.0%)

Value

Utilities

(1.3%)

11,281

AES

Corporation

$

275,144

3,237

ALLETE,

Inc.

203,413

468

American

States

Water

Company

36,158

58

American

Water

Works

Company,

Inc.

9,223

4,575

Artesian

Resources

Corporation

187,026

4,944

Black

Hills

Corporation

292,289

486

Chesapeake

Utilities

Corporation

49,295

3,000

CK

Infrastructure

Holdings,

Ltd.

15,928

41,500

CLP

Holdings,

Ltd.

389,460

4,063

Consolidated

Water

Company,

Ltd.

51,478

32,509

Contact

Energy,

Ltd.

189,729

2,381

DTE

Energy

Company

282,672

40,825

Duke

Energy

Corporation

3,837,550

71,645

Electricite

de

France

a

890,873

37,790

Enagas

SA

832,534

9,164

Encavis

AG

249,437

2,702

Endesa

SA

69,056

540,706

Enel

SPA

5,362,709

23,782

Entergy

Corporation

2,267,138

1,719

Essential

Utilities,

Inc.

79,590

5,212

Evergy,

Inc.

280,041

42,520

Exelon

Corporation

1,767,131

9,586

FirstEnergy

Corporation

294,865

4,291

Hawaiian

Electric

Industries,

Inc.

141,860

187,000

Hong

Kong

and

China

Gas

Company,

Ltd.

268,576

31,172

Iberdrola

SA

422,043

12,884

Iberdrola

SA,

Rights

a,d

2,467

2,127

IDACORP,

Inc.

187,814

3,560

MDU

Resources

Group,

Inc.

93,592

81,030

Meridian

Energy,

Ltd.

413,606

532

Middlesex

Water

Company

42,347

1,746

National

Fuel

Gas

Company

70,294

5,594

New

Jersey

Resources

Corporation

195,846

339

NiSource,

Inc.

7,509

1,627

Northwest

Natural

Holding

Company

75,997

6,021

NRG

Energy,

Inc.

249,330

24,624

OGE

Energy

Corporation

751,524

12,142

Orsted

AS

b

2,306,094

2,328

Otter

Tail

Corporation

92,398

836

Pinnacle

West

Capital

Corporation

62,909

2,905

Southwest

Gas

Holdings,

Inc.

174,184

2,399

Spire,

Inc.

146,795

14,643

UGI

Corporation

527,002

1,354

Unitil

Corporation

55,203

Total

24,200,129

Total

Common

Stock

(cost

$1,191,524,152)

1,597,273,244

Shares

Registered

Investment

Companies

(

4.3%

)

Value

Unaffiliated  (0.6%)

24,261

SPDR

S&P

500

ETF

Trust

8,978,268

3,057

SPDR

S&P

Biotech

ETF

c

467,354

5,374

SPDR

S&P

Oil

&

Gas

Exploration

ETF

c

345,656

Global

Stock

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

52

Shares

Registered

Investment

Companies

(4.3%)

Value

Unaffiliated  (0.6%)-

continued

11,454

SPDR

S&P

Regional

Banking

ETF

$

622,754

Total

10,414,032

Affiliated  (3.7%)

5,851,541

Thrivent

Core

Emerging

Markets

Equity

Fund

71,447,321

Total

71,447,321

Total

Registered

Investment

Companies

(cost

$67,497,241)

81,861,353

Shares

Collateral

Held

for

Securities

Loaned

(

0.9%

)

Value

17,835,648

Thrivent

Cash

Management

Trust

17,835,648

Total

Collateral

Held

for

Securities

Loaned

(cost

$17,835,648)

17,835,648

Shares

Preferred

Stock

(

0.1%

)

Value

Consumer

Discretionary

(0.1%)

8,879

Volkswagen

AG

1,678,579

Total

1,678,579

Total

Preferred

Stock

(cost

$1,580,502)

1,678,579

Shares

or

Principal

Amount

Short-Term

Investments

(

13.0%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

200,000

0.090%,

2/3/2021

e,f

200,000

4,700,000

0.070%,

2/9/2021

e,f

4,699,958

100,000

0.080%,

2/24/2021

e,f

99,997

1,000,000

0.078%,

3/5/2021

e,f

999,956

3,100,000

0.077%,

3/10/2021

e,f

3,099,841

500,000

0.060%,

3/16/2021

e,f

499,970

3,900,000

0.080%,

3/17/2021

e,f

3,899,762

4,000,000

0.050%,

3/23/2021

e,f

3,999,722

15,100,000

0.046%,

3/30/2021

e,f

15,098,804

3,300,000

0.084%,

4/7/2021

e,f

3,299,583

1,000,000

0.085%,

4/8/2021

e,f

999,872

1,700,000

0.080%,

4/14/2021

e,f

1,699,762

3,900,000

0.040%,

5/4/2021

e,f

3,899,302

Thrivent

Core

Short-Term

Reserve

Fund

20,687,538

0.200%

206,875,378

Total

Short-Term

Investments

(cost

$249,274,071)

249,371,907

Total

Investments

(cost

$1,527,711,614)

101.3%

$1,948,020,731

Other

Assets

and

Liabilities,

Net

(1.3%)

(24,766,293)

Total

Net

Assets

100.0%

$1,923,254,438

a

Non-income

producing

security.

b

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

January

29,

2021,

the

value

of

these

investments

was

$17,279,304

or

0.9%

of

total

net

assets.

c

All

or

a

portion

of

the

security

is

on

loan.

d

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

e

The

interest

rate

shown

reflects

the

yield,

coupon

rate

or

the

discount

rate

at

the

date

of

purchase.

f

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Global

Stock

Fund

as

of

January

29,

2021:

Securities

Lending

Transactions

Common

Stock

$

17,236,823

Total

lending

$17,236,823

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$17,835,648

Net

amounts

due

to

counterparty

$598,825

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

ETF

-

Exchange

Traded

Fund

GDR

-

Global

Depository

Receipts,

which

are

certificates

for

shares

of

an

underlying

foreign

security’s

shares

held

by

an

issuing

depository

bank

from

more

than

one

country.

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

SPDR

-

S&P

Depository

Receipts,

which

are

exchange-traded

funds

traded

in

the

U.S.,

Europe,

and

Asia-Pacific

and

managed

by

State

Street

Global

Advisors.

Global

Stock

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

53

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

January

29,

2021,

in

valuing

Global

Stock

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

121,743,430

90,340,349

31,403,081

–

Consumer

Discretionary

205,361,773

151,378,663

53,983,110

–

Consumer

Staples

74,092,848

23,516,330

50,576,518

–

Energy

54,071,673

25,527,381

28,544,292

–

Financials

227,007,697

133,193,298

93,813,477

922

Health

Care

225,104,369

160,648,112

64,456,257

–

Industrials

205,817,974

113,067,188

92,750,786

–

Information

Technology

322,439,453

262,849,595

59,589,858

–

Materials

76,092,424

32,792,216

43,300,208

–

Real

Estate

61,341,474

41,843,336

19,498,138

–

Utilities

24,200,129

12,787,617

11,410,045

2,467

Registered

Investment

Companies

Unaffiliated

10,414,032

10,414,032

–

–

Preferred

Stock

Consumer

Discretionary

1,678,579

–

1,678,579

–

Short-Term

Investments

42,496,529

–

42,496,529

–

Subtotal

Investments

in

Securities

$1,651,862,384

$1,058,358,117

$593,500,878

$3,389

Other

Investments  *

Total

Affiliated

Short-Term

Investments

206,875,378

Affiliated

Registered

Investment

Companies

71,447,321

Collateral

Held

for

Securities

Loaned

17,835,648

Subtotal

Other

Investments

$296,158,347

Total

Investments

at

Value

$1,948,020,731

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

this

table

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

9,204,452

9,204,452

–

–

Total

Asset

Derivatives

$9,204,452

$9,204,452

$–

$–

Liability

Derivatives

Futures

Contracts

10,923,779

10,923,779

–

–

Total

Liability

Derivatives

$10,923,779

$10,923,779

$–

$–

Global

Stock

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

54

Reference

Description:

CME

-

Chicago

Mercantile

Exchange

EAFE

-

Europe,

Australasia

and

Far

East

ICE

-

Intercontinental

Exchange

MSCI

-

Morgan

Stanley

Capital

International

S&P

-

Standard

&

Poor's

The

following

table

presents

Global

Stock

Fund's

futures

contracts

held

as

of

January

29,

2021.

Investments

and/or

cash

totaling

$42,604,529

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Principal

Amount

Value

and

Unrealized

CME

E-mini

Russell

2000

Index

12

March

2021

$

1,212,490

$

28,430

CME

E-mini

S&P

500

Index

1,198

March

2021

219,090,531

2,850,948

CME

E-mini

S&P

Mid-Cap

400

Index

9

March

2021

2,076,891

25,239

CME

Euro

Foreign

Exchange

Currency

688

March

2021

104,600,233

(

170,433)

Eurex

Euro

STOXX

50

Index

2,409

March

2021

101,891,462

(

535,892)

ICE

mini

MSCI

EAFE

Index

146

March

2021

15,346,901

96,249

ICE

US

mini

MSCI

Emerging

Markets

Index

1,713

March

2021

107,376,879

6,203,586

Total

Futures

Long

Contracts

$

551,595,387

$

8,498,127

CME

E-mini

Russell

2000

Index

(1,258)

March

2021

(

$

120,050,750)

(

$

10,039,030)

ICE

mini

MSCI

EAFE

Index

(846)

March

2021

(

89,307,226)

(

178,424)

Total

Futures

Short

Contracts

(

$

209,357,976)

($10,217,454)

Total

Futures

Contracts

$

342,237,411

($1,719,327)

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Global

Stock

Fund,

is

as

follows:

Fund

Value

10/31/2020

Gross

Purchases

Gross

Sales

Value

1/29/2021

Shares

Held

at

1/29/2021

%

of

Net

Assets

1/29/2021

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Equity

$54,447

$6,513

$–

$71,447

5,852

3.7%

Total

Affiliated

Registered

Investment

Companies

54,447

71,447

3.7

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

194,477

163,262

150,864

206,875

20,688

10.8

Total

Affiliated

Short-Term

Investments

194,477

206,875

10.8

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

12,848

69,448

64,460

17,836

17,836

0.9

Total

Collateral

Held

for

Securities

Loaned

12,848

17,836

0.9

Total

Value

$261,772

$296,158

Global

Stock

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

55

Portfolio

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2020

-

1/29/2021

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Equity

$–

$10,487

–

$514

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

(37)

37

–

118

Total

Income/Non

Income

Cash

from

Affiliated

Investments

$632

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment

–

–

1

42

Total

Affiliated

Income

from

Securities

Loaned,

Net

$42

Total

Value

$(37)

$10,524

$1

Government

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

56

Principal

Amount

Long-Term

Fixed

Income

(

99.0%

)

Value

Asset-Backed

Securities

(4.6%)

Arkansas

Student

Loan

Authority

$

473,821

1.107%, 

(LIBOR

3M

+

0.900%),

11/25/2043,

Ser.

2010-1A

a

$

476,541

ECMC

Group

Student

Loan

Trust

403,758

1.280%, 

(LIBOR

1M

+

1.150%),

11/25/2069,

Ser.

2020-2A,

Class

A

a,b

407,928

291,565

1.130%, 

(LIBOR

1M

+

1.000%),

1/27/2070,

Ser.

2020-3A,

Class

A1B

a,b

294,866

Goodgreen

379,027

3.860%, 

10/15/2054,

Ser.

2019-1A,

Class

A

b

400,398

Nationstar

HECM

Loan

Trust

368,385

1.269%, 

9/25/2030,

Ser.

2020-1A,

Class

A1

a,b

368,978

Navient

Student

Loan

Trust

350,291

0.730%, 

(LIBOR

1M

+

0.600%),

7/26/2066,

Ser.

2017-3A,

Class

A2

a,b

350,445

92,229

0.880%, 

(LIBOR

1M

+

0.750%),

7/26/2066,

Ser.

2017-1A,

Class

A2

a,b

92,295

364,088

1.180%, 

(LIBOR

1M

+

1.050%),

6/25/2069,

Ser.

2020-1A,

Class

A1B

a,b

371,043

491,419

1.030%, 

(LIBOR

1M

+

0.900%),

8/26/2069,

Ser.

2020-2A,

Class

A1B

a,b

500,797

New

Hampshire

Higher

Education

Loan

Corporation

434,533

1.330%, 

(LIBOR

1M

+

1.200%),

9/25/2060,

Ser.

2020-1,

Class

A1B

a

444,703

Northstar

Education

Finance,

Inc.

140,678

0.830%, 

(LIBOR

1M

+

0.700%),

12/26/2031,

Ser.

2012-1,

Class

A

a,b

141,128

Seasoned

Loans

Structured

Transaction

Trust

717,764

2.000%, 

9/25/2030,

Ser.

2020-2,

Class

A1C

c

747,050

SLM

Student

Loan

Trust

155,192

0.530%, 

(LIBOR

1M

+

0.400%),

3/25/2025,

Ser.

2010-1,

Class

A

a

151,538

Total

4,747,710

Collateralized

Mortgage

Obligations

(5.6%)

Cascade

Funding

Mortgage

Trust

335,280

0.946%, 

12/26/2030,

Ser.

2020-HB4,

Class

A

a,b

335,281

Federal

Home

Loan

Mortgage

Corporation

-

REMIC

500,000

3.000%, 

10/15/2034,

Ser.

4369,

Class

GV

511,747

146,551

2.000%, 

1/15/2041,

Ser.

4074,

Class

JA

150,454

484,438

1.750%, 

6/15/2042,

Ser.

4097,

Class

QN

494,442

288,918

1.750%, 

12/15/2042,

Ser.

4141,

Class

KM

293,944

Principal

Amount

Long-Term

Fixed

Income

(99.0%)

Value

Collateralized

Mortgage

Obligations

(5.6%)

-

continued

$

300,482

3.000%, 

5/15/2045,

Ser.

4631,

Class

PA

$

319,625

292,406

3.000%, 

3/15/2047,

Ser.

4734,

Class

JA

308,347

372,011

3.500%, 

8/15/2047,

Ser.

4860,

Class

CA

392,207

413,909

2.000%, 

9/25/2049,

Ser.

4906,

Class

KE

424,900

Federal

Home

Loan

Mortgage

Corporation

Whole

Loan

Securities

Trust

225,248

3.000%, 

7/25/2046,

Ser.

2016-SC01,

Class

1A

c

229,323

Federal

National

Mortgage

Association

-

REMIC

219,297

2.000%, 

11/25/2032,

Ser.

2012-123,

Class

BA

229,336

288,707

3.000%, 

11/25/2037,

Ser.

2013-88,

Class

EA

291,081

371,423

3.000%, 

6/25/2042,

Ser.

2016-24,

Class

LJ

382,116

317,905

3.250%, 

6/25/2043,

Ser.

2013-60,

Class

PT

343,204

276,918

3.000%, 

3/25/2046,

Ser.

2016-66,

Class

PA

284,604

126,710

3.500%, 

12/25/2047,

Ser.

2018-41,

Class

PB

132,683

Seasoned

Credit

Risk

Transfer

Trust

611,902

3.000%, 

8/25/2056,

Ser.

2017-2,

Class

HA

c

641,728

Total

5,765,022

Commercial

Mortgage-Backed

Securities

(1.4%)

Federal

Home

Loan

Mortgage

Corporation

Multifamily

Structured

Pass

Through

Certificates

496,186

1.238%, 

1/25/2035,

Ser.

K-1516,

Class

A1

c

489,698

312,626

3.000%, 

3/15/2045,

Ser.

4741,

Class

GA

323,220

Federal

National

Mortgage

Association

-

ACES

71,274

3.560%, 

9/25/2021,

Ser.

2018-M5,

Class

A2

a

71,895

160,000

2.961%, 

2/25/2027,

Ser.

2017-M7,

Class

A2

a

177,297

FRESB

Multifamily

Mortgage

Pass-

Through

Trust

367,017

2.950%, 

8/25/2027,

Ser.

2017-SB40,

Class

A10F

a,c

385,365

Total

1,447,475

Energy

(0.2%)

Petroleos

Mexicanos

225,000

2.378%, 

4/15/2025

234,116

Total

234,116

Financials

(2.5%)

HSBC

Bank

Canada

250,000

0.950%, 

5/14/2023

b

253,368

Government

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

57

Principal

Amount

Long-Term

Fixed

Income

(99.0%)

Value

Financials

(2.5%)

-

continued

Korea

Development

Bank

$

500,000

0.938%, 

(LIBOR

3M

+

0.705%),

2/27/2022

a

$

502,656

Nationwide

Building

Society

250,000

1.700%, 

2/13/2023

b

256,857

Private

Export

Funding

Corporation

1,000,000

2.050%, 

11/15/2022

1,031,484

Santander

UK

plc

300,000

1.625%, 

2/12/2023

b

307,575

Westpac

Banking

Corporation

250,000

2.000%, 

1/16/2025

b

263,793

Total

2,615,733

Foreign

Government

(2.0%)

Development

Bank

of

Japan,

Inc.

250,000

2.125%, 

9/1/2022

b

256,779

Export

Development

Canada

500,000

2.500%, 

1/24/2023

522,684

Province

of

British

Columbia

Canada

450,000

1.750%, 

9/27/2024

472,931

Province

of

Ontario

Canada

250,000

3.400%, 

10/17/2023

270,677

Province

of

Quebec

Canada

500,000

2.750%, 

4/12/2027

557,793

Total

2,080,864

Mortgage-Backed

Securities

(35.1%)

Federal

Home

Loan

Mortgage

Corporation

Conventional

30-Yr.

Pass

Through

813,001

3.000%, 

2/1/2050

873,370

542,751

3.000%, 

3/25/2050

571,674

377,259

3.000%, 

4/1/2050

397,352

269,762

3.500%, 

7/1/2047

288,263

Federal

National

Mortgage

Association

248,696

3.500%, 

10/1/2048

264,170

279,103

3.500%, 

8/1/2049

296,851

Federal

National

Mortgage

Association

Conventional

15-Yr.

Pass

Through

4,475,000

2.000%, 

3/1/2035

d

4,668,627

3,425,000

1.500%, 

2/1/2036

d

3,511,963

3,325,000

2.000%, 

2/1/2036

d

3,473,976

Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through

4,900,000

2.000%, 

2/1/2051

d,e

5,060,016

3,900,000

2.500%, 

2/1/2051

d

4,109,473

2,150,000

1.500%, 

3/1/2051

d

2,157,055

2,300,000

2.000%, 

3/1/2051

d,e

2,370,976

6,500,000

2.500%, 

3/1/2051

d

6,837,441

292,135

4.000%, 

7/1/2048

313,379

Seasoned

Credit

Risk

Transfer

Trust

548,632

2.500%, 

8/25/2059,

Ser.

2020-1,

Class

MT

c

577,483

461,354

2.000%, 

11/25/2059,

Ser.

2020-2,

Class

MT

c

476,560

Total

36,248,629

Principal

Amount

Long-Term

Fixed

Income

(99.0%)

Value

U.S.

Government

&

Agencies

(47.6%)

Federal

Farm

Credit

Bank

$

500,000

2.210%, 

8/1/2024

$

533,583

Federal

Home

Loan

Bank

500,000

3.250%, 

11/16/2028

589,783

Federal

Home

Loan

Mortgage

Corporation

500,000

0.250%, 

8/24/2023

501,173

Federal

National

Mortgage

Association

500,000

0.750%, 

10/8/2027

500,944

375,000

0.875%, 

8/5/2030

364,332

Tennessee

Valley

Authority

385,000

5.250%, 

9/15/2039

564,538

U.S.

Treasury

Bonds

1,010,000

1.375%, 

8/15/2050

902,530

325,000

2.250%, 

11/15/2027

357,805

4,660,000

2.625%, 

2/15/2029

5,289,282

5,720,000

1.500%, 

2/15/2030

5,967,122

500,000

4.750%, 

2/15/2037

742,324

120,000

1.125%, 

5/15/2040

109,800

625,000

3.000%, 

5/15/2042

776,367

2,205,000

2.500%, 

5/15/2046

2,530,582

2,410,000

2.875%, 

5/15/2049

2,986,329

U.S.

Treasury

Bonds,

TIPS

527,525

0.500%, 

1/15/2028

602,677

366,554

0.875%, 

2/15/2047

485,975

U.S.

Treasury

Notes

925,000

0.125%, 

10/31/2022

925,217

250,000

1.375%, 

2/15/2023

256,348

375,000

2.500%, 

1/31/2024

400,972

2,400,000

2.125%, 

11/30/2024

2,568,562

3,000,000

2.875%, 

7/31/2025

3,336,680

3,300,000

0.250%, 

8/31/2025

3,281,309

1,125,000

2.625%, 

1/31/2026

1,246,904

250,000

1.750%, 

12/31/2026

267,012

5,500,000

0.500%, 

4/30/2027

5,453,164

3,500,000

0.625%, 

11/30/2027

3,472,656

U.S.

Treasury

Notes,

TIPS

1,039,699

0.125%, 

10/15/2024

1,123,605

2,708,046

0.125%, 

10/15/2025

2,968,448

Total

49,106,023

Total

Long-Term

Fixed

Income

(cost

$99,286,804)

102,245,572

Shares

or

Principal

Amount

Short-Term

Investments

(

31.8%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

200,000

0.050%,

3/23/2021

f,g

199,986

Thrivent

Core

Short-Term

Reserve

Fund

3,262,786

0.200%

32,627,863

Total

Short-Term

Investments

(cost

$32,821,273)

32,827,849

Contracts

Options

Purchased

(

<0.1%

)

Value

Put

on

10-Yr.

U.S.

Treasury

Bond

Futures

9

$136.50,

expires

2/19/2021

2,109

Put

on

30-Yr.

U.S.

Treasury

Bond

Futures

Government

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

58

Contracts

Options

Purchased

(<0.1%)

Value

9

$168.00,

expires

2/19/2021

$

9,140

Total

Options

Purchased

(cost

$11,018)

11,249

Total

Investments

(cost

$132,119,095)

130.8%

$135,084,670

Other

Assets

and

Liabilities,

Net

(30.8%)

(31,792,540)

Total

Net

Assets

100.0%

$103,292,130

a

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

January

29,

2021.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

b

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

January

29,

2021,

the

value

of

these

investments

was

$4,601,531

or

4.5%

of

total

net

assets.

c

All

or

a

portion

of

the

security

is

insured

or

guaranteed.

d

Denotes

investments

purchased

on

a

when-issued

or

delayed

delivery

basis.

e

All

or

a

portion

of

the

security

was

earmarked

to

cover

written

options.

f

The

interest

rate

shown

reflects

the

yield,

coupon

rate

or

the

discount

rate

at

the

date

of

purchase.

g

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

Definitions:

ACES

-

Alternative

Credit

Enhancement

Securities

FNMA

-

Federal

National

Mortgage

Association

HECM

-

Home

Equity

Conversion

Mortgage

REMIC

-

Real

Estate

Mortgage

Investment

Conduit

Ser.

-

Series

TIPS

-

Treasury

Inflation

Protected

Security

Reference

Rate

Index:

LIBOR

1M

-

ICE

Libor

USD

Rate

1

Month

LIBOR

3M

-

ICE

Libor

USD

Rate

3

Month

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

January

29,

2021,

in

valuing

Government

Bond

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Long-Term

Fixed

Income

Asset-Backed

Securities

4,747,710

–

4,747,710

–

Collateralized

Mortgage

Obligations

5,765,022

–

5,765,022

–

Commercial

Mortgage-Backed

Securities

1,447,475

–

1,447,475

–

Energy

234,116

–

234,116

–

Financials

2,615,733

–

2,615,733

–

Foreign

Government

2,080,864

–

2,080,864

–

Mortgage-Backed

Securities

36,248,629

–

36,248,629

–

U.S.

Government

&

Agencies

49,106,023

–

49,106,023

–

Short-Term

Investments

199,986

–

199,986

–

Options

Purchased

11,249

11,249

–

–

Subtotal

Investments

in

Securities

$102,456,807

$11,249

$102,445,558

$–

Other

Investments  *

Total

Affiliated

Short-Term

Investments

32,627,863

Subtotal

Other

Investments

$32,627,863

Total

Investments

at

Value

$135,084,670

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

this

table

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Government

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

59

Reference

Description:

CBOT

-

Chicago

Board

of

Trade

CME

-

Chicago

Mercantile

Exchange

Counterparty:

CCM

-

CCM

Futures,

LLC

JPM

-

J.P.

Morgan

MSC

-

Morgan

Stanley

&

Company

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

141,647

141,647

–

–

Total

Asset

Derivatives

$141,647

$141,647

$–

$–

Liability

Derivatives

Futures

Contracts

55,195

55,195

–

–

Call

Options

Written

3,609

–

–

3,609

Total

Liability

Derivatives

$58,804

$55,195

$–

$3,609

The

following

table

presents

Government

Bond

Fund's

futures

contracts

held

as

of

January

29,

2021.

Investments

and/or

cash

totaling

$99,993

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Principal

Amount

Value

and

Unrealized

CBOT

2-Yr.

U.S.

Treasury

Note

36

March

2021

$

7,947,736

$

7,421

CBOT

U.S.

Long

Bond

8

March

2021

1,396,901

(

47,151)

CME

Ultra

Long

Term

U.S.

Treasury

Bond

7

March

2021

1,432,335

696

Total

Futures

Long

Contracts

$

10,776,972

(

$

39,034)

CBOT

10-Yr.

U.S.

Treasury

Note

(61)

March

2021

(

$

8,398,257)

$

39,351

CBOT

5-Yr.

U.S.

Treasury

Note

(24)

March

2021

(

3,012,957)

(

8,044)

Ultra

10-Yr.

U.S.

Treasury

Note

(32)

March

2021

(

5,016,679)

94,179

Total

Futures

Short

Contracts

(

$

16,427,893)

$125,486

Total

Futures

Contracts

(

$

5,650,921)

$86,452

The

following

table

presents

Government

Bond

Fund's

options

contracts

held

as

of

January

29,

2021.

Option

_

Description

(Underlying

Security

Description)

Counter-

party

Number

of

Contracts

Exercise

Price

Expiration

Date

Notional

Principal

Amount

Value

Unrealized

Appreciation/

(Depreciation)

Put

on

10-Yr.

U.S.

Treasury

Bond

Futures

MSC

9.00

$

136.50

February

2021

1,233,281

$

2,109

(

$

2,132)

Put

on

30-Yr.

U.S.

Treasury

Bond

Futures

CCM

9.00

168.00

February

2021

1,518,469

9,140

2,363

Total

Options

Purchased

Contracts

$11,249

$231

FNMA

Conventional

30-Yr.

Pass

Through

Call

Option

(*)

MSC

(0.38)

$

103.25

February

2021

(387,246)

(

$

551)

$

1,236

(Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through)

FNMA

Conventional

30-Yr.

Pass

Through

Call

Option

(*)

MSC

(0.75)

103.09

March

2021

(773,145)

(

2,608)

732

(Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through)

FNMA

Conventional

30-Yr.

Pass

Through

Call

Option

(*)

JPM

(0.38)

103.23

February

2021

(387,246)

(

450)

561

(Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through)

Total

Options

Written

Contracts

($3,609)

$2,529

(*)  Security

is

valued

using

significant

unobservable

inputs.

Market

quotations

or

prices

were

not

readily

available

or

were

determined

to

be

unreliable.

Value

was

determined

in

good

faith

pursuant

to

procedures

adopted

by

the

Board.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

Government

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

60

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

 The

Fund

owns

shares

of

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities. 

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Government

Bond

Fund,

is

as

follows:

Fund

Value

10/31/2020

Gross

Purchases

Gross

Sales

Value

1/29/2021

Shares

Held

at

1/29/2021

%

of

Net

Assets

1/29/2021

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

$24,706

$15,743

$7,821

$32,628

3,263

31.6%

Total

Affiliated

Short-Term

Investments

24,706

32,628

31.6

Total

Value

$24,706

$32,628

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2020

-

1/29/2021

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

$(7)

$7

$–

$16

Total

Income/Non

Income

Cash

from

Affiliated

Investments

$16

Total

$(7)

$7

$–

High

Income

Municipal

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

61

Principal

Amount

Long-Term

Fixed

Income

(

101.3%

)

Value

Arizona

(2.9%)

Arizona

Industrial

Development

Auth.

Economic

Development

Rev.

(Legacy

Cares,

Inc.)

$

250,000

7.750%,

7/1/2050,

Ser.

A

a

$

269,352

Arizona

Industrial

Development

Auth.

Education

Rev.

(Doral

Academy

of

Nevada)

200,000

5.000%,

7/15/2050,

Ser.

A

a

224,428

Phoenix,

AZ

Industrial

Development

Auth.

Healthcare

Fac.

Rev.

(Mayo

Clinic)

100,000

0.010%,

11/15/2052,

Ser.

A

b

100,000

Total

593,780

California

(5.7%)

California

County

Tobacco

Securitization

Agency

(Los

Angeles

County

Securitization

Corporation)

250,000

4.000%,

6/1/2049,

Ser.

A

296,332

California

Municipal

Finance

Auth.

Fac.

Rev.

(United

Airlines,

Inc.)

250,000

4.000%,

7/15/2029,

AMT

281,863

California

Municipal

Finance

Auth.

Rev.

(LINXS

APM)

225,000

5.000%,

12/31/2043,

Ser.

A,

AMT

271,834

California

Pollution

Control

Financing

Auth.

Rev.

Refg.

(San

Diego

County

Water

Auth.

Desalination)

250,000

5.000%,

7/1/2039

a

302,400

Total

1,152,429

Colorado

(6.6%)

Colorado

Educational

and

Cultural

Fac.

Auth.

Charter

School

Rev.

Refg.

(Union

Colony

School)

225,000

5.000%,

4/1/2048

266,812

Colorado

Educational

and

Cultural

Fac.

Auth.

Rev.

Refg.

(Global

Village

Academy

-

Northglenn)

150,000

5.000%,

12/1/2050

a

160,198

Colorado

High

Performance

Transportation

Enterprise

Rev.

225,000

5.000%,

12/31/2056

253,451

Colorado

State

Health

Fac.

Auth.

Hospital

Rev.

Refg.

(Commonspirit

Health

Obligated

Group)

350,000

4.000%,

8/1/2049,

Ser.

A-2

397,786

Denver,

CO

Health

and

Hospital

Auth.

Healthcare

Rev.

230,000

5.000%,

12/1/2039,

Ser.

A

250,797

Total

1,329,044

Connecticut

(1.3%)

Connecticut

State

Health

and

Educational

Fac.

Auth.

Rev.

(McLean

Issue)

250,000

5.000%,

1/1/2045,

Ser.

A

a

271,240

Total

271,240

Principal

Amount

Long-Term

Fixed

Income

(101.3%)

Value

Delaware

(1.2%)

Kent

County,

DE

Student

Housing

and

Dining

Fac.

Rev.

(CHF-

Dover,

LLC

-

Delaware

State

University)

$

230,000

5.000%,

7/1/2040,

Ser.

A

$

238,837

Total

238,837

Florida

(6.7%)

Florida

State

Development

Finance

Corporation

Educational

Fac.

Rev.

(River

City

Science

Academy)

250,000

4.000%,

7/1/2055,

Ser.

A

c

269,600

Florida

State

Higher

Educational

Fac.

Financing

Auth.

Rev.

(Ringling

College)

300,000

5.000%,

3/1/2049

349,083

Orange

County,

FL

Health

Fac.

Auth.

Hospital

Rev.

(Orlando

Health

Obligated

Group)

250,000

5.000%,

10/1/2047,

Ser.

A

307,965

Osceola

County,

FL

Transportation

Rev.

Refg.

300,000

Zero

Coupon,

10/1/2043,

Ser.

A-2

146,421

Polk

County,

FL

Industrial

Development

Auth.

Rev.

(Mineral

Development,

LLC)

250,000

5.875%,

1/1/2033,

AMT

267,507

Total

1,340,576

Georgia

(4.1%)

DeKalb

County,

GA

Housing

Auth.

Senior

Living

Rev.

Refg.

(Baptist

Retirement

Communities

of

Georgia,

Inc.

and

Clairmont

Crest,

Inc.)

250,000

5.125%,

1/1/2049,

Ser.

A

a

206,525

Main

Street

Natural

Gas,

Inc.

Rev.

250,000

5.000%,

5/15/2028,

Ser.

A

319,440

Municipal

Electric

Auth.

of

Georgia

Rev.

(Plant

Vogtle

Units

3

&

4)

250,000

5.000%,

1/1/2056,

Ser.

A

302,112

Total

828,077

Illinois

(5.3%)

Chicago,

IL

G.O.

250,000

5.000%,

1/1/2039,

Ser.

A

296,285

Illinois

Finance

Auth.

Student

Housing

and

Academic

Fac.

Rev.

(University

of

Illinois

at

Chicago)

150,000

5.000%,

2/15/2037

164,880

Illinois

State

G.O.

235,000

5.000%,

12/1/2025,

Ser.

B

275,079

Metropolitan

Pier

and

Exposition

Auth.,

IL

Rev.

(McCormick

Place

Expansion)

(NATL-RE

Insured)

115,000

Zero

Coupon,

6/15/2035,

Ser.

A

d

79,965

High

Income

Municipal

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

62

Principal

Amount

Long-Term

Fixed

Income

(101.3%)

Value

Illinois

(5.3%)

-

continued

Metropolitan

Pier

and

Exposition

Auth.,

IL

Rev.

Refg.

(McCormick

Place

Expansion)

(NATL-RE

Insured)

$

220,000

5.500%,

6/15/2029,

Ser.

A

d

$

258,687

Total

1,074,896

Iowa

(1.7%)

Iowa

Finance

Auth.

Rev.

(Lifespace

Communities,

Inc.)

160,000

5.000%,

5/15/2032,

Ser.

A

182,554

150,000

5.000%,

5/15/2043,

Ser.

A

170,109

Total

352,663

Louisiana

(0.6%)

East

Baton

Rouge

Parish,

LA

Industrial

Development

Board

Rev.

(ExxonMobil)

128,000

0.010%,

12/1/2051

b

128,000

Total

128,000

Maryland

(2.2%)

Maryland

Economic

Development

Corporation

Rev.

(Seagirt

Marine

Terminal)

200,000

5.000%,

6/1/2044,

Ser.

A,

AMT

226,694

Prince

George's

County,

MD

(West

Phalia

Town

Center)

200,000

5.000%,

7/1/2030

a

226,826

Total

453,520

Michigan

(3.4%)

Downriver

Utility

Wastewater

Auth.

Rev.

Refg.

(AGM

Insured)

225,000

5.000%,

4/1/2031

d

285,867

Michigan

Strategic

Fund

Limited

Obligation

Rev.

(I-75

Improvement)

100,000

5.000%,

12/31/2033,

AMT

125,656

Michigan

Strategic

Rev.

225,000

5.000%,

12/31/2043,

AMT

274,957

Total

686,480

Minnesota

(3.6%)

Deephaven,

MN

Charter

School

Lease

Rev.

(Eagle

Ridge

Academy)

250,000

5.000%,

7/1/2043,

Ser.

A

276,498

St.

Joseph,

MN

Senior

Housing

&

Healthcare

Rev.

(Woodcrest

of

Country

Manor)

225,000

5.000%,

7/1/2055,

Ser.

A

227,648

Woodbury,

MN

Charter

School

Lease

Rev.

Refg.

(MSA

Building

Company)

200,000

4.000%,

12/1/2050

212,392

Total

716,538

Principal

Amount

Long-Term

Fixed

Income

(101.3%)

Value

Missouri

(3.2%)

Kansas

City,

MO

Industrial

Development

Auth.

Rev.

(Kansas

City

International

Airport

Terminal

Modernization)

$

200,000

5.000%,

3/1/2046,

Ser.

B,

AMT

$

243,098

Lee's

Summit,

MO

Industrial

Development

Auth.

Senior

Living

Fac.

Rev.

Refg.

(John

Knox

Village)

140,000

5.000%,

8/15/2042,

Ser.

A

152,200

Missouri

Health

and

Educational

Fac.

Auth.

Rev.

(Maryville

University

of

St.

Louis)

200,000

5.000%,

6/15/2045,

Ser.

A

239,758

Total

635,056

Montana

(1.3%)

Montana

Fac.

Finance

Auth.

Health

Care

Fac.

Rev.

(Montana

Children's

Home

and

Hospital)

250,000

4.000%,

7/1/2050,

Ser.

A

263,547

Total

263,547

Nebraska

(1.3%)

Douglas

County,

NE

Hospital

Auth.

No.

2

Health

Fac.

Rev.

(Children's

Hospital

Obligated

Group)

225,000

5.000%,

11/15/2047

270,889

Total

270,889

Nevada

(1.3%)

Carson

City,

NV

Hospital

Rev.

Refg.

(Carson

Tahoe

Regional

Medical

Center)

225,000

5.000%,

9/1/2042,

Ser.

A

262,588

Total

262,588

New

Hampshire

(2.0%)

New

Hampshire

Health

and

Education

Fac.

Auth.

Rev.

250,000

5.000%,

8/1/2059,

Ser.

A

404,332

Total

404,332

New

Jersey

(3.9%)

New

Jersey

Economic

Development

Auth.

Rev.

(White

Horse

Urban

Renewal,

LLC)

150,000

5.000%,

1/1/2040

a

150,702

New

Jersey

Transportation

Trust

Fund

Auth.

Rev.

225,000

5.000%,

6/15/2045,

Ser.

AA

255,371

Tobacco

Settlement

Financing

Corporation

Rev.

Refg.

300,000

5.250%,

6/1/2046,

Ser.

A

370,056

Total

776,129

New

York

(6.5%)

Metropolitan

Transportation

Auth.

NY

Rev.

250,000

5.000%,

11/15/2045,

Ser.

A-2

b

313,990

High

Income

Municipal

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

63

Principal

Amount

Long-Term

Fixed

Income

(101.3%)

Value

New

York

(6.5%)

-

continued

New

York

City

Municipal

Water

Finance

Auth.

Water

and

Sewer

System

Rev.

$

100,000

0.010%,

6/15/2044

b

$

100,000

New

York

City

Trust

for

Cultural

Resources

Rev.

Refg.

(Carnegie

Hall)

200,000

5.000%,

12/1/2039

251,234

New

York

City

Water

&

Sewer

System

Rev.

100,000

0.010%,

6/15/2048,

Ser.

AA-1

b

100,000

New

York

Transportation

Development

Corporation

Special

Fac.

Rev.

(LaGuardia

Airport

)

225,000

5.000%,

1/1/2036,

AMT

266,767

New

York,

NY

G.O.

270,000

0.010%,

4/1/2036,

Ser.

L-3

b

270,000

Total

1,301,991

North

Dakota

(1.3%)

University

of

North

Dakota

C.O.P.

(Infrastructure

Energy

Improvement)

225,000

5.000%,

4/1/2048,

Ser.

A

267,964

Total

267,964

Ohio

(3.7%)

Buckeye,

OH

Tobacco

Settlement

Financing

Auth.

Rev.

Refg.

300,000

5.000%,

6/1/2055,

Ser.

B-2

349,566

Franklin

County,

OH

Convention

Fac.

Auth.

Rev.

(Greater

Columbus

Convention

Center

Hotel)

275,000

5.000%,

12/1/2051

289,545

Ohio

Higher

Educational

Fac.

Commission

Rev.

Refg.

(University

of

Findlay)

100,000

5.000%,

3/1/2034

113,640

Total

752,751

Pennsylvania

(6.0%)

Lancaster

County,

PA

Hospital

Auth.

Rev.

Refg.

(St.

Anne's

Retirement

Community,

Inc.)

250,000

5.000%,

3/1/2050

269,127

Pennsylvania

Economic

Development

Financial

Auth.

Solid

Waste

Disposal

Rev.

(CarbonLite

P,

LLC)

250,000

5.750%,

6/1/2036,

AMT

*

246,722

Pennsylvania

Turnpike

Commission

Rev.

(BAM

Insured)

200,000

Zero

Coupon,

12/1/2041,

Ser.

A-3

d

127,488

Pennsylvania

Turnpike

Commission

Rev.

Refg.

225,000

5.000%,

12/1/2032

292,748

Principal

Amount

Long-Term

Fixed

Income

(101.3%)

Value

Pennsylvania

(6.0%)

-

continued

Philadelphia,

PA

Auth.

for

Industrial

Development

Rev.

(Cathedral

Village)

$

250,000

5.000%,

4/1/2039

$

264,870

Total

1,200,955

Puerto

Rico

(2.2%)

Puerto

Rico

Sales

Tax

Financing

Corporation

Rev.

398,000

4.550%,

7/1/2040,

Ser.

A-1

445,772

Total

445,772

South

Carolina

(1.9%)

South

Carolina

Jobs

Economic

Development

Auth.

Rev.

(Bishop

Gadsden

Episcopal

Retirement

Community)

200,000

5.000%,

4/1/2054,

Ser.

A

222,400

South

Carolina

Jobs

Economic

Development

Auth.

Rev.

(Woodlands

at

Furman)

155,000

5.000%,

11/15/2054,

Ser.

A

163,709

Total

386,109

Tennessee

(1.8%)

Metropolitan

Government

of

Nashville

and

Davidson

County,

TN

Health

and

Educational

Fac.

Rev.

Refg.

(Trevecca

Nazarene

University)

300,000

5.000%,

10/1/2034

354,501

Total

354,501

Texas

(11.7%)

Central

Texas

Regional

Mobility

Auth.

Rev.

300,000

5.000%,

1/1/2040,

Ser.

A

344,331

Harris

County

Industrial

Development

Corporation

Pollution

Control

Rev.

(Exxon)

100,000

0.010%,

3/1/2024

b

100,000

Harris

County,

TX

Cultural

Education

Fac.

Finance

Corporation

Rev.

(First

Mortgage

Brazos

Presbyterian

Homes,

Inc.)

250,000

5.000%,

1/1/2033,

Ser.

A

261,222

Irving,

TX

Rev.

Refg.

300,000

5.000%,

8/15/2043

329,559

Port

Freeport,

TX

Rev.

300,000

5.000%,

6/1/2049,

Ser.

A,

AMT

365,031

Port

of

Beaumont,

TX

Navigation

District

Fac.

Rev.

Refg.

(Dock

and

Wharf

Jefferson

Gulf

Coast

Energy)

250,000

4.000%,

1/1/2050,

Ser.

A,

AMT

a

259,833

Tarrant

County

Cultural

Education

Fac.

Finance

Corporation

Rev.

Refg.

(Trinity

Terrace)

235,000

5.000%,

10/1/2044,

Ser.

A-1

256,733

High

Income

Municipal

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

64

Principal

Amount

Long-Term

Fixed

Income

(101.3%)

Value

Texas

(11.7%)

-

continued

Texas

Municipal

Gas

Acquisition

&

Supply

Corporation

III

Rev.

Refg.

$

50,000

5.000%,

12/15/2031

c

$

67,853

Texas

Private

Activity

Bond

Surface

Transportation

Corporation

Rev.

(Segment

3C)

300,000

5.000%,

6/30/2058,

AMT

364,935

Total

2,349,497

Utah

(1.4%)

Salt

Lake

City,

UT

Airport

Rev.

225,000

5.000%,

7/1/2036,

Ser.

A,

AMT

278,775

Total

278,775

Virginia

(2.7%)

Virginia

Small

Business

Financing

Auth.

Rev.

(Elizabeth

River

Crossings

Opco,

LLC)

250,000

5.000%,

1/1/2027,

AMT

263,473

Virginia

Small

Business

Financing

Auth.

Rev.

(Transform

66

P3)

230,000

5.000%,

12/31/2047,

AMT

271,623

Total

535,096

Wisconsin

(2.6%)

Wisconsin

Health

&

Educational

Fac.

Auth.

Rev.

(PHW

Oconomowoc,

Inc.)

250,000

5.125%,

10/1/2048

261,590

Wisconsin

Health

&

Educational

Fac.

Auth.

Rev.

Refg.

(Benevolent

Corporation

Cedar

Community)

240,000

5.000%,

6/1/2037

259,519

Total

521,109

Wyoming

(1.2%)

Laramie

County,

WY

Hospital

Rev.

Refg.

(Cheyenne

Regional

Medical

Center)

200,000

4.000%,

5/1/2038

c

243,000

Total

243,000

Total

Long-Term

Fixed

Income

(cost

$19,117,246)

20,416,141

Principal

Amount

Short-Term

Investments

(

0.5%

)

e

Value

Federal

Home

Loan

Bank

Discount

Notes

100,000

0.060%,

3/16/2021

f

99,994

Total

Short-Term

Investments

(cost

$99,993)

99,994

Total

Investments

(cost

$19,217,239)

101.8%

$20,516,135

Other

Assets

and

Liabilities,

Net

-1.8%

(370,669)

Total

Net

Assets

100.0%

$20,145,466

a

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

January

29,

2021,

the

value

of

these

investments

was

$2,071,504

or

10.3%

of

total

net

assets.

b

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

January

29,

2021.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

c

Denotes

investments

purchased

on

a

when-issued

or

delayed

delivery

basis.

d

To

reduce

certain

risks

associated

with

securities

issued

by

municipalities,

which

may

include

but

are

not

limited

to

economic

development

in

a

specific

industry

or

municipality,

the

principal

and/or

interest

payments

are

guaranteed

by

the

bond

insurance

company

or

government

agency

identified.

e

The

interest

rate

shown

reflects

the

yield,

coupon

rate

or

the

discount

rate

at

the

date

of

purchase.

f

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

*

Denotes

restricted

securities.

Restricted

securities

are

investment

securities

which

cannot

be

offered

for

public

sale

without

first

being

registered

under

the

Securities

Act

of

1933.

The

value

of

all

restricted

securities

held

in

High

Income

Municipal

Bond

Fund

as

of

January

29,

2021

was

$246,722

or

1.22%

of

total

net

assets.

The

following

table

indicates

the

acquisition

date

and

cost

of

restricted

securities

shown

in

the

schedule

as

of

January

29,

2021.

Security

Acquisition

Date

Cost

Pennsylvania

Economic

Development

Financial

Auth.

Solid

Waste

Disposal

Rev.

(CarbonLite

P,

LLC),

6/1/2036

6/13/2019

$

250,000

Definitions:

AGM

-

Assured

Guaranty

Municipal

Corporation

AMT

-

Subject

to

Alternative

Minimum

Tax

Auth.

-

Authority

BAM

-

Build

America

Mutual

C.O.P.

-

Certificate

of

Participation

Fac.

-

Facility/Facilities

G.O.

-

General

Obligation

NATL-RE

-

National

Public

Finance

Guarantee

Corporation

Refg.

-

Refunding

Rev.

-

Revenue

Ser.

-

Series

High

Income

Municipal

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

65

Reference

Description:

CBOT

-

Chicago

Board

of

Trade

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

January

29,

2021,

in

valuing

High

Income

Municipal

Bond

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Long-Term

Fixed

Income

Education

3,305,869

–

3,305,869

–

Electric

Revenue

302,112

–

302,112

–

General

Obligation

841,364

–

841,364

–

Health

Care

4,905,124

–

4,905,124

–

Housing

Finance

536,084

–

536,084

–

Industrial

Development

Revenue

1,103,475

–

1,103,475

–

Other

Revenue

2,741,076

–

2,741,076

–

Tax

Revenue

1,300,795

–

1,300,795

–

Transportation

4,345,253

–

4,345,253

–

Water

&

Sewer

1,034,989

–

1,034,989

–

Short-Term

Investments

99,994

–

99,994

–

Total

Investments

at

Value

$20,516,135

$–

$20,516,135

$–

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

25,689

25,689

–

–

Total

Asset

Derivatives

$25,689

$25,689

$–

$–

The

following

table

presents

High

Income

Municipal

Bond

Fund's

futures

contracts

held

as

of

January

29,

2021.

Investments

and/or

cash

totaling

$99,994

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Principal

Amount

Value

and

Unrealized

CBOT

U.S.

Long

Bond

(5)

March

2021

(

$

869,283)

$

25,689

Total

Futures

Short

Contracts

(

$

869,283)

$25,689

Total

Futures

Contracts

(

$

869,283)

$25,689

High

Yield

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

66

Principal

Amount

Bank

Loans

(

3.3%

)

a

Value

Capital

Goods

(0.9%)

Mauser

Packaging

Solutions

Holding

Company,

Term

Loan

$

2,334,757

3.381%, 

(LIBOR

1M

+

3.250%),

4/3/2024

b

$

2,288,552

Navistar,

Inc.,

Term

Loan

3,664,445

3.630%, 

(LIBOR

1M

+

3.500%),

11/6/2024

b

3,656,200

Vertiv

Group

Corporation,

Term

Loan

1,717,025

3.144%, 

(LIBOR

1M

+

3.000%),

3/2/2027

b

1,718,055

Total

7,662,807

Consumer

Cyclical

(0.9%)

Cengage

Learning,

Inc.,

Term

Loan

3,608,740

5.250%, 

(LIBOR

3M

+

4.250%),

6/7/2023

b

3,463,957

Golden

Nugget,

LLC,

Term

Loan

1,199,838

3.365%, 

(LIBOR

2M

+

2.500%),

10/4/2023

b

1,173,970

Staples,

Inc.,

Term

Loan

3,257,820

5.214%, 

(LIBOR

3M

+

5.000%),

4/12/2026

b

3,184,519

Total

7,822,446

Consumer

Non-Cyclical

(0.8%)

Bellring

Brands,

LLC,

Term

Loan

3,143,035

6.000%, 

(LIBOR

1M

+

5.000%),

10/21/2024

b

3,168,180

Endo

International

plc,

Term

Loan

3,114,409

5.000%, 

(LIBOR

3M

+

4.250%),

4/27/2024

b

3,087,158

Total

6,255,338

Energy

(0.1%)

Chesapeake

Energy

Corporation,

Term

Loan

975,000

0.000%, 

(LIBOR

3M

+

8.000%),

6/23/2024

b,c

1,182,626

Total

1,182,626

Technology

(0.6%)

Clear

Channel

Outdoor

Holdings,

Inc.,

Term

Loan

2,420,000

3.711%, 

(LIBOR

2M

+

3.500%),

8/21/2026

b,d,e

2,357,225

Rackspace

Technology

Global,

Inc.,

Term

Loan

2,912,455

4.000%, 

(LIBOR

1M

+

3.000%),

11/3/2023

b

2,910,824

Total

5,268,049

Total

Bank

Loans

(cost

$27,609,522)

28,191,266

Principal

Amount

Long-Term

Fixed

Income

(

93.3%

)

Value

Basic

Materials

(5.9%)

Alcoa,

Inc.

1,495,000

5.125%, 

10/1/2024

1,644,664

Big

River

Steel,

LLC

1,460,000

6.625%, 

1/31/2029

f

1,568,018

Principal

Amount

Long-Term

Fixed

Income

(93.3%)

Value

Basic

Materials

(5.9%)

-

continued

Cleveland-Cliffs,

Inc.

$

3,745,000

5.750%, 

3/1/2025

g

$

3,829,262

1,750,000

9.875%, 

10/17/2025

f

2,057,790

First

Quantum

Minerals,

Ltd.

3,955,000

7.250%, 

4/1/2023

f

4,039,558

1,960,000

6.875%, 

3/1/2026

f

2,040,850

Freeport-McMoRan,

Inc.

1,265,000

4.125%, 

3/1/2028

1,330,527

3,310,000

4.250%, 

3/1/2030

3,588,239

1,215,000

5.450%, 

3/15/2043

1,518,750

Grinding

Media,

Inc.

3,080,000

7.375%, 

12/15/2023

f

3,141,600

INEOS

Quattro

Finance

2

plc

605,000

3.375%, 

1/15/2026

f

607,269

Kraton

Polymers,

LLC

1,300,000

4.250%, 

12/15/2025

f

1,306,500

Mercer

International,

Inc.

1,435,000

5.500%, 

1/15/2026

1,469,081

480,000

5.125%, 

2/1/2029

f

488,400

Methanex

Corporation

1,753,000

4.250%, 

12/1/2024

1,836,268

2,440,000

5.125%, 

10/15/2027

2,549,800

Midwest

Vanadium,

Pty.

Ltd.

2,862,131

11.500%, 

2/15/2018

*,

c,h

5,009

Norbord,

Inc.

1,430,000

5.750%, 

7/15/2027

f

1,535,463

Novelis

Corporation

2,130,000

5.875%, 

9/30/2026

f

2,231,175

2,010,000

4.750%, 

1/30/2030

f

2,110,500

OCI

NV

3,170,000

4.625%, 

10/15/2025

f

3,280,395

Olin

Corporation

2,450,000

5.625%, 

8/1/2029

2,621,500

Taseko

Mines,

Ltd.

2,420,000

7.000%, 

2/15/2026

e,f

2,410,925

Venator

Finance

SARL

1,950,000

5.750%, 

7/15/2025

f

1,925,625

Total

49,137,168

Capital

Goods

(9.9%)

Abengoa

Abenewco

2

Bis

SA,

Convertible

3,449,989

0.000%,PIK

1.500%,

4/26/2024

*,

i

51,750

Advanced

Drainage

Systems,

Inc.

2,360,000

5.000%, 

9/30/2027

f

2,483,900

AECOM

3,005,000

5.125%, 

3/15/2027

3,361,693

Amsted

Industries,

Inc.

1,875,000

5.625%, 

7/1/2027

f

1,978,125

2,370,000

4.625%, 

5/15/2030

f

2,485,537

Arconic

Rolled

Products

Corporation

1,100,000

6.125%, 

2/15/2028

f

1,179,667

Arconic

,

Inc.

1,495,000

5.900%, 

2/1/2027

1,740,225

ARD

Finance

SA

2,000,000

6.500%, 

6/30/2027

f

2,102,500

Ardagh

Packaging

Finance

plc

5,005,000

5.250%, 

8/15/2027

f

5,187,883

Berry

Global,

Inc.

1,610,000

4.500%, 

2/15/2026

f,g

1,642,119

High

Yield

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

67

Principal

Amount

Long-Term

Fixed

Income

(93.3%)

Value

Capital

Goods

(9.9%)

-

continued

Bombardier,

Inc.

$

2,555,000

7.500%, 

3/15/2025

f

$

2,392,119

1,950,000

7.875%, 

4/15/2027

f

1,800,181

BWAY

Holding

Company

2,895,000

7.250%, 

4/15/2025

f

2,864,603

Clean

Harbors,

Inc.

2,920,000

5.125%, 

7/15/2029

f

3,168,200

Cornerstone

Building

Brands,

Inc.

2,430,000

6.125%, 

1/15/2029

f

2,539,350

Covanta

Holding

Corporation

940,000

6.000%, 

1/1/2027

981,877

970,000

5.000%, 

9/1/2030

1,018,500

CP

Atlas

Buyer,

Inc.

1,450,000

7.000%, 

12/1/2028

f

1,506,188

Crown

Cork

&

Seal

Company,

Inc.

2,790,000

7.375%, 

12/15/2026

3,389,850

Flex

Acquisition

Company,

Inc.

2,995,000

6.875%, 

1/15/2025

f

3,043,669

700,000

7.875%, 

7/15/2026

f

726,040

GFL

Environmental,

Inc.

3,885,000

4.000%, 

8/1/2028

f,g

3,846,150

H&E

Equipment

Services,

Inc.

4,500,000

3.875%, 

12/15/2028

f

4,478,175

Howmet

Aerospace,

Inc.

2,000,000

6.875%, 

5/1/2025

2,330,000

IAA

Spinco

,

Inc.

1,100,000

5.500%, 

6/15/2027

f

1,155,110

Jeld-Wen

,

Inc.

1,100,000

6.250%, 

5/15/2025

f

1,179,750

2,430,000

4.875%, 

12/15/2027

f

2,551,500

Owens-Brockway

Glass

Container,

Inc.

2,880,000

5.875%, 

8/15/2023

f

3,081,600

Reynolds

Group

Issuer,

Inc.

79,000

5.125%, 

7/15/2023

f

79,980

SRM

Escrow

Issuer,

LLC

2,435,000

6.000%, 

11/1/2028

f

2,558,698

Stericycle,

Inc.

485,000

3.875%, 

1/15/2029

f

498,338

Summit

Materials,

LLC

1,000,000

5.250%, 

1/15/2029

f

1,052,500

TransDigm

,

Inc.

4,255,000

6.250%, 

3/15/2026

f

4,500,514

610,000

4.625%, 

1/15/2029

f

605,809

U.S.

Concrete,

Inc.

2,440,000

5.125%, 

3/1/2029

f

2,491,862

United

Rentals

North

America,

Inc.

3,960,000

5.875%, 

9/15/2026

4,172,652

1,710,000

3.875%, 

2/15/2031

1,782,675

WESCO

Distribution,

Inc.

1,220,000

7.250%, 

6/15/2028

f

1,370,505

Total

83,379,794

Communications

Services

(14.8%)

AMC

Networks,

Inc.

2,420,000

4.250%, 

2/15/2029

e

2,409,134

CCO

Holdings,

LLC

3,250,000

5.375%, 

6/1/2029

f

3,525,632

3,760,000

4.750%, 

3/1/2030

f

3,999,587

4,605,000

4.500%, 

8/15/2030

f

4,849,618

CCOH

Safari,

LLC

3,180,000

5.750%, 

2/15/2026

f

3,281,124

Principal

Amount

Long-Term

Fixed

Income

(93.3%)

Value

Communications

Services

(14.8%)

-

continued

Cengage

Learning,

Inc.

$

1,495,000

9.500%, 

6/15/2024

f

$

1,468,837

CSC

Holdings,

LLC

2,905,000

4.625%, 

12/1/2030

f

2,963,100

Cumulus

Media

New

Holdings,

Inc.

2,208,000

6.750%, 

7/1/2026

f

2,241,120

DISH

DBS

Corporation

1,700,000

7.375%, 

7/1/2028

1,770,125

Embarq

Corporation

4,975,000

7.995%, 

6/1/2036

6,096,066

Entercom

Media

Corporation

3,415,000

6.500%, 

5/1/2027

f

3,500,375

Front

Range

BidCo

,

Inc.

1,540,000

4.000%, 

3/1/2027

f

1,544,343

2,020,000

6.125%, 

3/1/2028

f

2,101,138

Frontier

Communications

Corporation

1,945,000

5.000%, 

5/1/2028

f

2,016,722

GCI,

LLC

3,040,000

4.750%, 

10/15/2028

f

3,168,258

LCPR

Senior

Secured

Financing

DAC

3,700,000

6.750%, 

10/15/2027

f

3,978,351

Level

3

Financing,

Inc.

5,080,000

5.375%, 

5/1/2025

5,218,176

1,600,000

5.250%, 

3/15/2026

1,649,920

Lions

Gate

Capital

Holdings,

LLC

1,950,000

5.875%, 

11/1/2024

f

1,990,229

Meredith

Corporation

2,410,000

6.875%, 

2/1/2026

g

2,436,872

Netflix,

Inc.

2,925,000

4.875%, 

4/15/2028

3,423,917

Nielsen

Finance,

LLC

1,705,000

5.625%, 

10/1/2028

f

1,822,082

SBA

Communications

Corporation

2,540,000

3.125%, 

2/1/2029

f

2,533,650

Scripps

Escrow

II,

Inc.

2,425,000

5.375%, 

1/15/2031

f

2,449,250

Scripps

Escrow,

Inc.

2,190,000

5.875%, 

7/15/2027

f

2,282,418

SFR

Group

SA

2,450,000

7.375%, 

5/1/2026

f

2,562,578

Sinclair

Television

Group,

Inc.

1,430,000

5.875%, 

3/15/2026

f

1,465,750

730,000

5.125%, 

2/15/2027

f

737,300

Sirius

XM

Radio,

Inc.

3,200,000

4.625%, 

7/15/2024

f

3,308,672

2,915,000

4.125%, 

7/1/2030

f

3,003,587

Sprint

Capital

Corporation

1,955,000

6.875%, 

11/15/2028

2,509,731

1,705,000

8.750%, 

3/15/2032

2,604,388

Sprint

Corporation

1,960,000

7.125%, 

6/15/2024

2,285,438

7,760,000

7.625%, 

2/15/2025

9,273,200

TEGNA,

Inc.

2,925,000

4.625%, 

3/15/2028

f

2,961,168

Terrier

Media

Buyer,

Inc.

1,510,000

8.875%, 

12/15/2027

f

1,632,688

United

States

Cellular

Corporation

2,626,000

6.700%, 

12/15/2033

3,394,354

Univision

Communications,

Inc.

4,380,000

6.625%, 

6/1/2027

f

4,609,950

High

Yield

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

68

Principal

Amount

Long-Term

Fixed

Income

(93.3%)

Value

Communications

Services

(14.8%)

-

continued

Urban

One,

Inc.

$

605,000

7.375%, 

2/1/2028

f

$

611,268

VTR

Comunicaciones

SPA

980,000

5.125%, 

1/15/2028

f

1,045,454

YPSO

Finance

BIS

SA

2,540,000

10.500%, 

5/15/2027

f

2,847,975

Ziggo

BV

3,415,000

5.500%, 

1/15/2027

f

3,559,813

3,280,000

4.875%, 

1/15/2030

f

3,437,784

Total

124,571,142

Consumer

Cyclical

(18.4%)

1011778

B.C.,

ULC

3,510,000

4.375%, 

1/15/2028

f

3,580,200

Allied

Universal

Holdco,

LLC

1,465,000

6.625%, 

7/15/2026

f

1,569,308

Allison

Transmission,

Inc

3,890,000

3.750%, 

1/30/2031

f

3,868,527

American

Axle

&

Manufacturing,

Inc.

1,945,000

6.500%, 

4/1/2027

g

2,034,567

Argos

Merger

Sub,

Inc.

1,695,000

7.125%, 

3/15/2023

f

1,699,153

Brookfield

Residential

Properties,

Inc.

3,260,000

6.250%, 

9/15/2027

f

3,439,300

Carnival

Corporation

1,460,000

11.500%, 

4/1/2023

f

1,656,501

240,000

10.500%, 

2/1/2026

f

278,400

1,945,000

7.625%, 

3/1/2026

f

2,056,837

Cedar

Fair,

LP

2,500,000

5.250%, 

7/15/2029

2,502,275

Colt

Merger

Sub,

Inc.

4,890,000

6.250%, 

7/1/2025

f

5,153,644

Dana

Financing

Luxembourg

SARL

3,575,000

6.500%, 

6/1/2026

f

3,718,000

Empire

Communities

Corporation

1,815,000

7.000%, 

12/15/2025

f

1,916,095

Expedia

Group,

Inc.

2,300,000

6.250%, 

5/1/2025

f

2,659,223

Ford

Motor

Company

1,000,000

9.625%, 

4/22/2030

1,417,189

5,360,000

7.450%, 

7/16/2031

6,847,400

Ford

Motor

Credit

Company,

LLC

3,400,000

5.125%, 

6/16/2025

3,692,400

2,490,000

4.134%, 

8/4/2025

2,614,786

3,400,000

3.375%, 

11/13/2025

3,455,930

Guitar

Center

Escrow

Issuer

II,

Inc.

500,000

8.500%, 

1/15/2026

f,g

523,125

Hanesbrands,

Inc.

2,995,000

4.875%, 

5/15/2026

f

3,242,087

Herc

Holdings,

Inc.

4,680,000

5.500%, 

7/15/2027

f

4,933,656

Hilton

Domestic

Operating

Company,

Inc.

1,460,000

3.750%, 

5/1/2029

f

1,482,842

1,950,000

4.875%, 

1/15/2030

2,101,954

1,460,000

4.000%, 

5/1/2031

f

1,500,041

International

Game

Technology

plc

1,500,000

6.250%, 

1/15/2027

f

1,713,750

550,000

5.250%, 

1/15/2029

f

587,125

Principal

Amount

Long-Term

Fixed

Income

(93.3%)

Value

Consumer

Cyclical

(18.4%)

-

continued

KAR

Auction

Services,

Inc.

$

2,430,000

5.125%, 

6/1/2025

f

$

2,493,788

KB

Home

1,870,000

6.875%, 

6/15/2027

2,201,925

1,990,000

4.800%, 

11/15/2029

2,191,905

L

Brands,

Inc.

1,220,000

6.875%, 

7/1/2025

f

1,328,514

1,455,000

5.250%, 

2/1/2028

1,536,917

2,190,000

6.625%, 

10/1/2030

f

2,451,541

970,000

6.875%, 

11/1/2035

1,124,511

Landry's,

Inc.

1,385,000

6.750%, 

10/15/2024

f

1,388,185

Lennar

Corporation

1,370,000

4.500%, 

4/30/2024

1,508,028

1,510,000

4.750%, 

5/30/2025

1,722,321

Levi

Strauss

&

Company

4,200,000

5.000%, 

5/1/2025

4,311,720

Live

Nation

Entertainment,

Inc.

1,455,000

3.750%, 

1/15/2028

f

1,468,037

Marriott

International

1,000,000

4.625%, 

6/15/2030

1,144,379

Mattamy

Group

Corporation

3,515,000

5.250%, 

12/15/2027

f

3,699,538

1,300,000

4.625%, 

3/1/2030

f

1,348,750

New

Red

Finance,

Inc.

2,200,000

4.000%, 

10/15/2030

f

2,183,500

PetSmart,

Inc.

2,360,000

7.750%, 

2/15/2029

2,448,500

PGT

Escrow

Issuer,

Inc.

2,805,000

6.750%, 

8/1/2026

f

2,976,806

Prime

Security

Services

Borrower,

LLC

4,530,000

5.750%, 

4/15/2026

f

4,959,444

2,730,000

3.375%, 

8/31/2027

f

2,694,619

1,050,000

6.250%, 

1/15/2028

f

1,118,250

Real

Hero

Merger

Sub

2,

Inc.

1,070,000

6.250%, 

2/1/2029

f

1,097,713

Realogy

Group,

LLC

2,905,000

5.750%, 

1/15/2029

f

2,966,731

Royal

Caribbean

Cruises,

Ltd.

2,435,000

9.125%, 

6/15/2023

f

2,626,756

485,000

3.700%, 

3/15/2028

423,163

Scientific

Games

International,

Inc.

2,350,000

5.000%, 

10/15/2025

f

2,420,688

2,700,000

7.250%, 

11/15/2029

f

2,909,250

SeaWorld

Parks

and

Entertainment,

Inc.

1,950,000

9.500%, 

8/1/2025

f

2,091,375

Service

Corporation

International

970,000

3.375%, 

8/15/2030

984,550

Service

Properties

Trust

2,925,000

7.500%, 

9/15/2025

3,292,806

Six

Flags

Entertainment

Corporation

1,565,000

4.875%, 

7/31/2024

f

1,553,263

Six

Flags

Theme

Parks,

Inc.

1,000,000

7.000%, 

7/1/2025

f

1,077,500

Staples,

Inc.

2,725,000

7.500%, 

4/15/2026

f

2,779,745

Stars

Group

Holdings

BV

2,300,000

7.000%, 

7/15/2026

f

2,412,125

Tenneco,

Inc.

970,000

5.000%, 

7/15/2026

g

894,825

High

Yield

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

69

Principal

Amount

Long-Term

Fixed

Income

(93.3%)

Value

Consumer

Cyclical

(18.4%)

-

continued

$

1,100,000

7.875%, 

1/15/2029

f

$

1,237,506

Uber

Technologies,

Inc.

1,460,000

6.250%, 

1/15/2028

f

1,569,500

Wyndham

Destinations,

Inc.

2,670,000

6.625%, 

7/31/2026

f

2,981,856

Wyndham

Hotels

&

Resorts,

Inc.

1,460,000

4.375%, 

8/15/2028

f

1,474,600

Yum!

Brands,

Inc.

1,910,000

5.250%, 

6/1/2026

f

1,979,238

630,000

4.750%, 

1/15/2030

f

675,675

Total

153,994,358

Consumer

Non-Cyclical

(13.7%)

Albertson's

Companies,

Inc.

1,830,000

4.625%, 

1/15/2027

f

1,919,020

4,230,000

5.875%, 

2/15/2028

f

4,562,140

2,600,000

3.500%, 

3/15/2029

f

2,567,500

Bausch

Health

Companies,

Inc.

3,285,000

5.000%, 

1/30/2028

f

3,384,535

1,975,000

7.250%, 

5/30/2029

f

2,199,656

625,000

5.250%, 

1/30/2030

f

645,350

1,460,000

5.250%, 

2/15/2031

f

1,501,574

Centene

Corporation

1,970,000

5.375%, 

6/1/2026

f

2,060,522

1,450,000

4.250%, 

12/15/2027

1,533,933

1,705,000

4.625%, 

12/15/2029

1,890,342

2,190,000

3.375%, 

2/15/2030

2,294,025

Community

Health

Systems,

Inc.

1,455,000

5.625%, 

3/15/2027

f

1,527,750

2,905,000

6.875%, 

4/15/2029

e,f

2,937,681

1,455,000

4.750%, 

2/15/2031

e,f

1,455,000

Cooke

Omega

Investments,

Inc.

2,445,000

8.500%, 

12/15/2022

f

2,515,294

DaVita,

Inc.

3,910,000

4.625%, 

6/1/2030

f

4,106,751

1,950,000

3.750%, 

2/15/2031

f

1,934,156

Dole

Food

Company,

Inc.

2,915,000

7.250%, 

6/15/2025

f

3,009,738

Edgewell

Personal

Care

Company

1,460,000

5.500%, 

6/1/2028

f

1,561,806

Encompass

Health

Corporation

3,185,000

4.500%, 

2/1/2028

3,316,381

Energizer

Holdings,

Inc.

3,560,000

4.750%, 

6/15/2028

f

3,710,232

HCA,

Inc.

3,495,000

5.375%, 

2/1/2025

3,923,976

1,970,000

5.875%, 

2/1/2029

2,346,457

Herbalife

Nutrition,

Ltd.

2,180,000

7.875%, 

9/1/2025

f

2,376,200

Illumina,

Inc.

2,435,000

9.000%, 

7/1/2028

f

2,714,295

JBS

Investments

II

GmbH

2,440,000

5.750%, 

1/15/2028

f

2,586,595

Kraft

Heinz

Foods

Company

2,620,000

3.875%, 

5/15/2027

2,868,416

2,490,000

3.750%, 

4/1/2030

2,672,865

2,440,000

4.875%, 

10/1/2049

2,760,783

Mattel,

Inc.

1,025,000

5.875%, 

12/15/2027

f

1,130,298

1,268,000

5.450%, 

11/1/2041

1,401,140

Molina

Healthcare,

Inc.

1,370,000

4.375%, 

6/15/2028

f

1,427,499

Principal

Amount

Long-Term

Fixed

Income

(93.3%)

Value

Consumer

Non-Cyclical

(13.7%)

-

continued

MPH

Acquisition

Holdings,

LLC

$

1,460,000

5.750%, 

11/1/2028

f,g

$

1,447,225

Ortho-Clinical

Diagnostics,

Inc.

2,480,000

7.250%, 

2/1/2028

f

2,653,600

Par

Pharmaceutical,

Inc.

2,450,000

7.500%, 

4/1/2027

f

2,641,884

SEG

Holding,

LLC

2,920,000

5.625%, 

10/15/2028

f

3,112,720

Simmons

Foods,

Inc.

1,685,000

5.750%, 

11/1/2024

f

1,733,444

Spectrum

Brands,

Inc.

3,200,000

5.750%, 

7/15/2025

3,298,560

820,000

5.000%, 

10/1/2029

f

867,812

730,000

5.500%, 

7/15/2030

f

784,750

Syneos

Health,

Inc.

970,000

3.625%, 

1/15/2029

f

969,709

Tenet

Healthcare

Corporation

7,470,000

4.875%, 

1/1/2026

f

7,792,181

3,960,000

5.125%, 

11/1/2027

f

4,173,286

Teva

Pharmaceutical

Finance

Netherlands

III

BV

2,655,000

3.150%, 

10/1/2026

2,532,206

United

Natural

Foods,

Inc.

2,430,000

6.750%, 

10/15/2028

f,g

2,569,725

VRX

Escrow

Corporation

3,075,000

6.125%, 

4/15/2025

f

3,150,522

Total

114,569,534

Energy

(11.7%)

Antero

Midstream

Partners,

LP

485,000

5.375%, 

9/15/2024

483,787

485,000

5.750%, 

3/1/2027

f

483,697

Antero

Resources

Corporation

1,590,000

5.625%, 

6/1/2023

g

1,572,112

1,215,000

8.375%, 

7/15/2026

f

1,282,083

Apache

Corporation

380,000

4.625%, 

11/15/2025

389,500

1,465,000

4.375%, 

10/15/2028

g

1,458,613

2,200,000

5.100%, 

9/1/2040

2,227,632

Archrock

Partners,

LP

970,000

6.250%, 

4/1/2028

f

990,612

Blue

Racer

Midstream,

LLC

2,000,000

7.625%, 

12/15/2025

f

2,116,260

Buckeye

Partners,

LP

2,425,000

4.125%, 

12/1/2027

2,480,896

1,530,000

4.500%, 

3/1/2028

f

1,580,368

Cenovus

Energy,

Inc.

1,220,000

5.375%, 

7/15/2025

1,378,516

Centennial

Resource

Production,

LLC

2,675,000

5.375%, 

1/15/2026

f

2,247,000

Cheniere

Energy

Partners,

LP

2,655,000

5.625%, 

10/1/2026

2,762,129

5,515,000

4.500%, 

10/1/2029

5,928,625

CNX

Resources

Corporation

1,945,000

6.000%, 

1/15/2029

f

2,010,060

Comstock

Resources,

Inc.

1,460,000

9.750%, 

8/15/2026

1,554,900

Continental

Resources,

Inc.

293,000

4.500%, 

4/15/2023

300,718

2,430,000

5.750%, 

1/15/2031

f

2,630,475

Crestwood

Midstream

Partners,

LP

725,000

6.000%, 

2/1/2029

f

698,418

High

Yield

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

70

Principal

Amount

Long-Term

Fixed

Income

(93.3%)

Value

Energy

(11.7%)

-

continued

CrownRock

Finance,

Inc.

$

1,710,000

5.625%, 

10/15/2025

f

$

1,701,698

Enagas

SA

2,475,000

5.500%, 

1/15/2028

f

2,450,250

Endeavor

Energy

Resources,

LP

980,000

6.625%, 

7/15/2025

f

1,046,762

980,000

5.750%, 

1/30/2028

f

1,038,800

EnLink

Midstream

Partners,

LP

2,665,000

5.600%, 

4/1/2044

2,138,662

EnLink

Midstream,

LLC

2,425,000

5.625%, 

1/15/2028

f

2,420,453

EQM

Midstream

Partners,

LP

970,000

4.500%, 

1/15/2029

f

936,263

2,435,000

6.500%, 

7/15/2048

2,323,477

EQT

Corporation

975,000

3.900%, 

10/1/2027

1,012,781

610,000

5.000%, 

1/15/2029

663,375

Genesis

Energy,

LP

970,000

6.500%, 

10/1/2025

897,541

Harvest

Midstream,

LP

3,170,000

7.500%, 

9/1/2028

f

3,329,292

Hilcorp

Energy

I,

LP

485,000

6.250%, 

11/1/2028

f

511,675

MEG

Energy

Corporation

1,220,000

6.500%, 

1/15/2025

f

1,256,722

Murphy

Oil

Corporation

1,465,000

5.875%, 

12/1/2027

1,392,775

Newfield

Exploration

Company

2,430,000

5.375%, 

1/1/2026

2,654,856

NGL

Energy

Partners,

LP

845,000

7.500%, 

2/1/2026

e,f

856,619

1,455,000

7.500%, 

4/15/2026

1,125,370

Noble

Holding

International,

Ltd.

2,790,000

7.750%, 

1/15/2024

c,h

55,800

NuStar

Logistics,

LP

485,000

5.750%, 

10/1/2025

514,100

730,000

6.375%, 

10/1/2030

803,913

Occidental

Petroleum

Corporation

1,097,000

2.700%, 

8/15/2022

1,099,973

1,710,000

2.700%, 

2/15/2023

1,689,352

1,655,000

3.450%, 

7/15/2024

1,588,800

1,600,000

3.500%, 

6/15/2025

1,552,000

1,955,000

8.000%, 

7/15/2025

g

2,209,639

1,955,000

8.875%, 

7/15/2030

g

2,454,991

2,445,000

4.300%, 

8/15/2039

2,139,375

1,150,000

4.625%, 

6/15/2045

1,002,671

2,445,000

4.400%, 

4/15/2046

2,153,483

Pacific

Drilling

First

Lien

Escrow

Issuer,

Ltd.

1,885,000

8.375%, 

10/1/2023

c,f,h

494,813

Pacific

Drilling

Second

Lien

Escrow

Issuer,

Ltd.

596,442

0.000%,PIK

12.000%,

4/1/2024

*,

c,h,i

2,982

Precision

Drilling

Corporation

1,060,000

7.750%, 

12/15/2023

1,056,025

Range

Resources

Corporation

1,695,000

8.250%, 

1/15/2029

f

1,779,750

Sanchez

Energy

Corporation

3,260,000

0.000%, 

2/15/2023

c,h,j

3

Southwestern

Energy

Company

2,055,000

7.500%, 

4/1/2026

2,147,064

Principal

Amount

Long-Term

Fixed

Income

(93.3%)

Value

Energy

(11.7%)

-

continued

Sunoco,

LP

$

1,010,000

5.500%, 

2/15/2026

$

1,037,957

975,000

4.500%, 

5/15/2029

f

996,552

Targa

Resources

Partners,

LP

1,040,000

5.125%, 

2/1/2025

1,068,184

2,440,000

4.875%, 

2/1/2031

f

2,546,140

Transocean

Pontus,

Ltd.

362,700

6.125%, 

8/1/2025

f

335,498

Transocean,

Inc.

2,597,000

11.500%, 

1/30/2027

f

2,006,183

Valaris

plc

3,255,000

4.750%, 

1/15/2024

c,h

292,950

W&T

Offshore,

Inc.

1,710,000

9.750%, 

11/1/2023

f

1,352,148

WPX

Energy,

Inc.

820,000

5.250%, 

10/15/2027

864,329

2,320,000

4.500%, 

1/15/2030

2,455,720

Total

98,034,167

Financials

(8.6%)

Ally

Financial,

Inc.

3,900,000

5.750%, 

11/20/2025

4,540,540

CANPACK

SA

1,000,000

3.125%, 

11/1/2025

f

1,016,250

Chobani

,

LLC

1,945,000

4.625%, 

11/15/2028

f

1,983,900

Credit

Acceptance

Corporation

1,420,000

5.125%, 

12/31/2024

f

1,459,050

1,980,000

6.625%, 

3/15/2026

2,098,800

Diversified

Healthcare

Trust

850,000

4.750%, 

2/15/2028

850,000

Drawbridge

Special

Opportunities

Fund,

LP

4,500,000

3.875%, 

2/15/2026

f

4,533,826

ESH

Hospitality,

Inc.

2,440,000

4.625%, 

10/1/2027

f

2,494,851

Fortress

Transportation

1,500,000

6.500%, 

10/1/2025

f

1,552,500

Global

Aircraft

Leasing

Company,

Ltd.

1,543,450

0.000%,PIK

7.250%,

9/15/2024

f,i

1,381,388

Global

Net

Lease,

Inc.

4,000,000

3.750%, 

12/15/2027

f

4,072,871

Icahn

Enterprises,

LP

2,450,000

4.750%, 

9/15/2024

2,587,812

2,480,000

6.250%, 

5/15/2026

2,620,338

3,045,000

5.250%, 

5/15/2027

3,197,311

MGM

Growth

Properties

Operating

Partnership,

LP

2,250,000

5.750%, 

2/1/2027

2,522,036

MPT

Operating

Partnership,

LP

2,450,000

4.625%, 

8/1/2029

2,620,202

5,000,000

3.500%, 

3/15/2031

5,046,625

Nationstar

Mortgage

Holdings,

Inc.

2,430,000

5.125%, 

12/15/2030

f

2,521,125

OneMain

Finance

Corporation

4,600,000

4.000%, 

9/15/2030

4,633,166

Park

Aerospace

Holdings,

Ltd.

3,915,000

4.500%, 

3/15/2023

f

4,115,458

Service

Properties

Trust

975,000

4.500%, 

6/15/2023

981,337

High

Yield

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

71

Principal

Amount

Long-Term

Fixed

Income

(93.3%)

Value

Financials

(8.6%)

-

continued

Springleaf

Finance

Corporation

$

720,000

7.125%, 

3/15/2026

$

842,400

2,010,000

6.625%, 

1/15/2028

2,346,675

Synchrony

Financial

3,920,000

3.950%, 

12/1/2027

4,379,328

Trivium

Packaging

Finance

1,040,000

5.500%, 

8/15/2026

f

1,096,498

470,000

8.500%, 

8/15/2027

f

510,547

VICI

Properties,

LP

1,050,000

4.250%, 

12/1/2026

f

1,086,068

2,010,000

3.750%, 

2/15/2027

f

2,042,663

1,050,000

4.625%, 

12/1/2029

f

1,118,250

2,010,000

4.125%, 

8/15/2030

f

2,091,666

Total

72,343,481

Foreign

Government

(0.1%)

NOVA

Chemicals

Corporation

1,055,000

5.250%, 

8/1/2023

f

1,057,638

Total

1,057,638

Technology

(4.9%)

Black

Knight

InfoServ

,

LLC

730,000

3.625%, 

9/1/2028

f

738,724

CDW,

LLC

1,500,000

4.125%, 

5/1/2025

1,554,375

CommScope

Technologies

Finance,

LLC

2,702,000

6.000%, 

6/15/2025

f

2,759,147

CommScope

,

Inc.

2,485,000

5.500%, 

3/1/2024

f

2,549,946

1,470,000

7.125%, 

7/1/2028

f

1,564,088

Crowdstrike

Holdings,

Inc.

970,000

3.000%, 

2/15/2029

981,519

Diamond

Sports

Group,

LLC

4,030,000

6.625%, 

8/15/2027

f,g

2,559,050

Iron

Mountain,

Inc.

3,455,000

5.250%, 

3/15/2028

f

3,629,909

610,000

5.000%, 

7/15/2028

f

641,073

980,000

5.250%, 

7/15/2030

f

1,038,800

NCR

Corporation

1,910,000

8.125%, 

4/15/2025

f

2,091,450

3,960,000

5.750%, 

9/1/2027

f

4,151,644

Presidio

Holdings,

Inc.

480,000

8.250%, 

2/1/2028

f

533,400

PTC,

Inc.

360,000

3.625%, 

2/15/2025

f

369,000

1,055,000

4.000%, 

2/15/2028

f

1,097,200

Qorvo

,

Inc.

2,485,000

4.375%, 

10/15/2029

2,711,756

490,000

3.375%, 

4/1/2031

f

501,025

Rackspace

Technology

Global,

Inc.

1,180,000

5.375%, 

12/1/2028

f

1,230,150

Seagate

HDD

Cayman

1,175,000

4.091%, 

6/1/2029

f

1,222,975

Shift4

Payments,

LLC

1,000,000

4.625%, 

11/1/2026

f

1,042,500

SS&C

Technologies,

Inc.

3,990,000

5.500%, 

9/30/2027

f

4,225,450

Switch,

Ltd.

2,560,000

3.750%, 

9/15/2028

f

2,614,144

Principal

Amount

Long-Term

Fixed

Income

(93.3%)

Value

Technology

(4.9%)

-

continued

Unisys

Corporation

$

1,460,000

6.875%, 

11/1/2027

f

$

1,616,950

Total

41,424,275

Transportation

(2.0%)

AerCap

Holdings

NV

2,460,000

5.875%, 

10/10/2079

b

2,497,589

Delta

Air

Lines,

Inc.

2,690,000

7.000%, 

5/1/2025

f

3,119,291

1,460,000

4.750%, 

10/20/2028

f

1,617,882

Mileage

Plus

Holdings,

LLC

1,590,000

6.500%, 

6/20/2027

f

1,739,063

Spirit

Loyalty

Cayman,

Ltd.

750,000

8.000%, 

9/20/2025

f

850,875

XPO

Logistics,

Inc.

2,430,000

6.125%, 

9/1/2023

f

2,469,488

1,970,000

6.750%, 

8/15/2024

f

2,083,472

2,200,000

6.250%, 

5/1/2025

f

2,362,250

Total

16,739,910

Utilities

(3.3%)

Calpine

Corporation

4,145,000

4.500%, 

2/15/2028

f

4,257,744

GFL

Environmental,

Inc.

564,000

8.500%, 

5/1/2027

f

623,572

NextEra

Energy

Operating

Partners,

LP

5,010,000

3.875%, 

10/15/2026

f

5,364,583

NRG

Energy,

Inc.

1,420,000

7.250%, 

5/15/2026

1,488,856

1,215,000

3.375%, 

2/15/2029

f

1,242,823

1,270,000

5.250%, 

6/15/2029

f

1,397,000

1,215,000

3.625%, 

2/15/2031

f

1,263,600

PG&E

Corporation

730,000

5.000%, 

7/1/2028

783,191

Suburban

Propane

Partners,

LP

2,805,000

5.875%, 

3/1/2027

2,924,213

Talen

Energy

Supply,

LLC

1,860,000

6.500%, 

6/1/2025

1,477,547

1,510,000

7.250%, 

5/15/2027

f

1,596,825

Terraform

Global

Operating,

LLC

2,340,000

6.125%, 

3/1/2026

f

2,398,500

TerraForm

Power

Operating,

LLC

2,760,000

5.000%, 

1/31/2028

f

3,063,600

Total

27,882,054

Total

Long-Term

Fixed

Income

(cost

$753,569,635)

783,133,521

Shares

Collateral

Held

for

Securities

Loaned

(

2.4%

)

Value

19,989,384

Thrivent

Cash

Management

Trust

19,989,384

Total

Collateral

Held

for

Securities

Loaned

(cost

$19,989,384)

19,989,384

Shares

Preferred

Stock

(

0.8%

)

Value

Financials

(0.8%)

82,373

Bank

of

America

Corporation,

5.000%

k

2,210,068

480

Bank

of

America

Corporation,

Convertible,

7.250%

k

702,134

High

Yield

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

72

Shares

Preferred

Stock

(0.8%)

Value

Financials

(0.8%)

-

continued

59,240

J.P.

Morgan

Chase

&

Company,

4.750%

k

$

1,552,088

1,476

Wells

Fargo

&

Company,

Convertible,

7.500%

k

2,131,344

Total

6,595,634

Total

Preferred

Stock

(cost

$6,075,831)

6,595,634

Shares

Common

Stock

(

0.1%

)

Value

Communications

Services

(0.1%)

73,061

Windstream

Services,

LLC,

Warrants

(Expires

12/31/2049)

l

955,857

Total

955,857

Energy

(<0.1%)

4,921

California

Resources

Corporation

l

113,626

11,318

California

Resources

Corporation,

Warrants

(Expires

10/27/2024)

l

44,480

975

Vantage

Drilling

International

l

1,462

Total

159,568

Total

Common

Stock

(cost

$3,590,220)

1,115,425

Shares

or

Principal

Amount

Short-Term

Investments

(

2.8%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

200,000

0.078%,

3/5/2021

m,n

199,991

200,000

0.080%,

4/7/2021

m,n

199,975

Thrivent

Core

Short-Term

Reserve

Fund

2,237,774

0.200%

22,377,743

U.S.

Treasury

Bills

700,000

0.067%,

2/4/2021

m

699,998

Total

Short-Term

Investments

(cost

$23,455,912)

23,477,707

Total

Investments

(cost

$834,290,504)

102.7%

$862,502,937

Other

Assets

and

Liabilities,

Net

(2.7%)

(22,845,435)

Total

Net

Assets

100.0%

$839,657,502

a

The

stated

interest

rate

represents

the

weighted

average

of

all

contracts

within

the

bank

loan

facility.

b

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

January

29,

2021.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

c

In

bankruptcy.  Interest

is

not

being

accrued.

d

All

or

a

portion

of

the

loan

is

unfunded.

e

Denotes

investments

purchased

on

a

when-issued

or

delayed

delivery

basis.

f

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

January

29,

2021,

the

value

of

these

investments

was

$508,927,551

or

60.6%

of

total

net

assets.

g

All

or

a

portion

of

the

security

is

on

loan.

h

Defaulted

security.  Interest

is

not

being

accrued.

i

Denotes

payment-in-kind

security.  The

security

may

pay

an

interest

or

dividend

payment

with

additional

fixed

income

or

equity

securities

in

lieu

of,

or

in

addition

to

a

cash

payment.  The

cash

rate

and/or

payment-in-kind

rate

shown

are

as

of

January

29,

2021.

j

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

k

Denotes

perpetual

securities.

Perpetual

securities

pay

an

indefinite

stream

of

income

and

have

no

contractual

maturity

date.

Date

shown,

if

applicable,

is

next

call

date.

l

Non-income

producing

security.

m

The

interest

rate

shown

reflects

the

yield,

coupon

rate

or

the

discount

rate

at

the

date

of

purchase.

n

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

*

Denotes

restricted

securities.

Restricted

securities

are

investment

securities

which

cannot

be

offered

for

public

sale

without

first

being

registered

under

the

Securities

Act

of

1933.

The

value

of

all

restricted

securities

held

in

High

Yield

Fund

as

of

January

29,

2021

was

$59,741

or

0.01%

of

total

net

assets.

The

following

table

indicates

the

acquisition

date

and

cost

of

restricted

securities

shown

in

the

schedule

as

of

January

29,

2021.

Security

Acquisition

Date

Cost

Abengoa

Abenewco

2

Bis

SA,

Convertible,

4/26/2024

4/26/2019

$

490,667

Midwest

Vanadium,

Pty.

Ltd.,

2/15/2018

2/9/2011

2,714,489

Pacific

Drilling

Second

Lien

Escrow

Issuer,

Ltd.,

4/1/2024

9/12/2018

596,442

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

High

Yield

Fund

as

of

January

29,

2021:

Securities

Lending

Transactions

Long-Term

Fixed

Income

$

17,522,720

Total

lending

$17,522,720

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$19,989,384

Net

amounts

due

to

counterparty

$2,466,664

Definitions:

PIK

-

Payment-In-Kind

High

Yield

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

73

Reference

Rate

Index:

LIBOR

1M

-

ICE

Libor

USD

Rate

1

Month

LIBOR

2M

-

ICE

Libor

USD

Rate

2

Month

LIBOR

3M

-

ICE

Libor

USD

Rate

3

Month

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

January

29,

2021,

in

valuing

High

Yield

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Bank

Loans

Capital

Goods

7,662,807

–

7,662,807

–

Consumer

Cyclical

7,822,446

–

7,822,446

–

Consumer

Non-Cyclical

6,255,338

–

6,255,338

–

Energy

1,182,626

–

1,182,626

–

Technology

5,268,049

–

5,268,049

–

Long-Term

Fixed

Income

Basic

Materials

49,137,168

–

49,137,168

–

Capital

Goods

83,379,794

–

83,379,794

–

Communications

Services

124,571,142

–

124,571,142

–

Consumer

Cyclical

153,994,358

–

153,994,358

–

Consumer

Non-Cyclical

114,569,534

–

114,569,534

–

Energy

98,034,167

–

98,034,164

3

Financials

72,343,481

–

72,343,481

–

Foreign

Government

1,057,638

–

1,057,638

–

Technology

41,424,275

–

41,424,275

–

Transportation

16,739,910

–

16,739,910

–

Utilities

27,882,054

–

27,882,054

–

Preferred

Stock

Financials

6,595,634

6,595,634

–

–

Common

Stock

Communications

Services

955,857

–

955,857

–

Energy

159,568

159,568

–

–

Short-Term

Investments

1,099,964

–

1,099,964

–

Subtotal

Investments

in

Securities

$820,135,810

$6,755,202

$813,380,605

$3

Other

Investments  *

Total

Affiliated

Short-Term

Investments

22,377,743

Collateral

Held

for

Securities

Loaned

19,989,384

Subtotal

Other

Investments

$42,367,127

Total

Investments

at

Value

$862,502,937

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

this

table

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

18,264

18,264

–

–

Total

Asset

Derivatives

$18,264

$18,264

$–

$–

High

Yield

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

74

Reference

Description:

CBOT

-

Chicago

Board

of

Trade

The

following

table

presents

High

Yield

Fund's

futures

contracts

held

as

of

January

29,

2021.

Investments

and/or

cash

totaling

$299,970

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Principal

Amount

Value

and

Unrealized

CBOT

10-Yr.

U.S.

Treasury

Note

(144)

March

2021

(

$

19,750,764)

$

18,264

Total

Futures

Short

Contracts

(

$

19,750,764)

$18,264

Total

Futures

Contracts

(

$

19,750,764)

$18,264

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

High

Yield

Fund,

is

as

follows:

Fund

Value

10/31/2020

Gross

Purchases

Gross

Sales

Value

1/29/2021

Shares

Held

at

1/29/2021

%

of

Net

Assets

1/29/2021

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

$28,175

$72,375

$78,172

$22,378

2,238

2.7%

Total

Affiliated

Short-Term

Investments

28,175

22,378

2.7

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

21,075

21,745

22,831

19,989

19,989

2.4

Total

Collateral

Held

for

Securities

Loaned

21,075

19,989

2.4

Total

Value

$49,250

$42,367

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2020

-

1/29/2021

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

$–

$–

$–

$16

Total

Income/Non

Income

Cash

from

Affiliated

Investments

$16

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

–

1

6

Total

Affiliated

Income

from

Securities

Loaned,

Net

$6

Total

$–

$–

$1

Income

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

75

Principal

Amount

Bank

Loans

(

0.5%

)

a

Value

Basic

Materials

(<0.1%)

Ball

Metalpack

Finco,

LLC,

Term

Loan

$

58,500

4.733%, 

(LIBOR

3M

+

4.500%),

7/31/2025

b

$

58,061

Total

58,061

Communications

Services

(0.2%)

Altice

France

SA,

Term

Loan

125,125

2.871%, 

(LIBOR

1M

+

2.750%),

7/31/2025

b

123,457

Coral-US

Co-Borrower,

LLC,

Term

Loan

265,000

2.371%, 

(LIBOR

1M

+

2.250%),

1/31/2028

b

263,511

Eagle

Broadband

Investments,

LLC,

Term

Loan

425,000

3.750%, 

(LIBOR

3M

+

3.000%),

11/12/2027

b

426,683

GCI,

LLC,

Term

Loan

423,938

3.500%, 

(LIBOR

1M

+

2.750%),

10/15/2025

b,c,d

423,408

HCP

Acquisition,

LLC,

Term

Loan

212,724

4.000%, 

(LIBOR

1M

+

3.000%),

5/16/2024

b

213,028

Radiate

Holdco,

LLC,

Term

Loan

385,000

4.250%, 

(LIBOR

1M

+

3.500%),

9/25/2026

b

384,680

TNS,

Inc.,

Term

Loan

204,367

4.130%, 

(LIBOR

1M

+

4.000%),

8/14/2022

b

204,495

Virgin

Media

Bristol,

LLC,

Term

Loan

310,000

2.627%, 

(LIBOR

1M

+

2.500%),

1/31/2028

b

308,320

WideOpenWest

Finance,

LLC,

Term

Loan

78,954

4.250%, 

(LIBOR

1M

+

3.250%),

8/19/2023

b

78,708

Total

2,426,290

Consumer

Cyclical

(0.1%)

Golden

Entertainment,

Inc.,

Term

Loan

366,700

3.750%, 

(LIBOR

1M

+

3.000%),

10/20/2024

b

363,187

LCPR

Loan

Financing,

LLC,

Term

Loan

295,000

5.127%, 

(LIBOR

1M

+

5.000%),

10/15/2026

b

297,304

Scientific

Games

International,

Inc.,

Term

Loan

534,875

2.871%, 

(LIBOR

1M

+

2.750%),

8/14/2024

b

525,183

Stars

Group

Holdings

BV,

Term

Loan

83,913

3.754%, 

(LIBOR

3M

+

3.500%),

7/10/2025

b

84,099

Tenneco,

Inc.,

Term

Loan

279,288

3.121%, 

(LIBOR

1M

+

3.000%),

10/1/2025

b

275,726

Total

1,545,499

Principal

Amount

Bank

Loans

(0.5%)

a

Value

Consumer

Non-Cyclical

(0.1%)

Bausch

Health

Americas,

Inc.,

Term

Loan

$

181,342

3.121%, 

(LIBOR

1M

+

3.000%),

6/1/2025

b

$

181,371

Endo

International

plc,

Term

Loan

128,040

5.000%, 

(LIBOR

3M

+

4.250%),

4/27/2024

b

126,920

Global

Medical

Response,

Inc.,

Term

Loan

97,000

5.250%, 

(LIBOR

3M

+

4.250%),

3/14/2025

b

96,733

325,000

5.750%, 

(LIBOR

3M

+

4.750%),

10/2/2025

b

325,081

JBS

USA

LUX

SA,

Term

Loan

162,113

2.121%, 

(LIBOR

1M

+

2.000%),

5/1/2026

b

161,775

MPH

Acquisition

Holdings,

LLC,

Term

Loan

220,681

3.750%, 

(LIBOR

3M

+

2.750%),

6/7/2023

b

220,282

Total

1,112,162

Financials

(<0.1%)

Avolon

TLB

Borrower

1

US,

LLC,

Term

Loan

105,223

2.500%, 

(LIBOR

1M

+

1.750%),

1/15/2025

b

104,865

Tronox

Finance,

LLC,

Term

Loan

337,587

3.183%, 

(LIBOR

3M

+

3.000%),

9/22/2024

b

337,286

Total

442,151

Technology

(0.1%)

Prime

Security

Services

Borrower,

LLC,

Term

Loan

230,000

0.000%, 

(LIBOR

1M

+

2.750%),

9/23/2026

b,c,d

229,796

Rackspace

Technology

Global,

Inc.,

Term

Loan

323,456

4.000%, 

(LIBOR

1M

+

3.000%),

11/3/2023

b

323,275

Total

553,071

Total

Bank

Loans

(cost

$6,119,077)

6,137,234

Principal

Amount

Long-Term

Fixed

Income

(

94.6%

)

Value

Asset-Backed

Securities

(2.2%)

522

Funding

CLO,

Ltd.

1,800,000

4.051%, 

(LIBOR

3M

+

3.850%),

10/23/2033,

Ser.

2020-6A,

Class

D

b,e

1,808,059

Goldentree

Loan

Management,

Ltd.

1,150,000

2.124%, 

(LIBOR

3M

+

1.900%),

4/20/2031,

Ser.

2020-7A,

Class

A

b,e

1,152,114

Magnetite

XII,

Ltd.

1,800,000

1.341%, 

(LIBOR

3M

+

1.100%),

10/15/2031,

Ser.

2015-12A,

Class

ARR

b,e

1,800,528

Income

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

76

Principal

Amount

Long-Term

Fixed

Income

(94.6%)

Value

Asset-Backed

Securities

(2.2%)

-

continued

Neuberger

Berman

CLO

XIV,

Ltd.

$

1,800,000

1.249%, 

(LIBOR

3M

+

1.030%),

1/28/2030,

Ser.

2013-14A,

Class

AR2

b,e

$

1,797,660

Octagon

Credit

Partners

46,

Ltd.

1,800,000

2.441%, 

(LIBOR

3M

+

2.200%),

7/15/2033,

Ser.

2020-2A,

Class

B

b,e

1,804,471

Octagon

Investment

Partners

31,

LLC

1,675,000

3.924%, 

(LIBOR

3M

+

3.700%),

7/20/2030,

Ser.

2017-1A,

Class

D

b,e

1,675,846

Octagon

Investment

Partners

50,

Ltd.

2,000,000

2.670%, 

(LIBOR

3M

+

2.500%),

10/15/2033,

Ser.

2020-4A,

Class

C

b,e

2,005,496

Octagon

Investment

Partners

XVI,

Ltd.

1,400,000

1.623%, 

(LIBOR

3M

+

1.400%),

7/17/2030,

Ser.

2013-1A,

Class

A2R

b,e

1,400,400

Octogon

Investment

Partners

31,

LLC

1,800,000

3.624%, 

(LIBOR

3M

+

3.400%),

7/20/2030,

Ser.

2017-1A,

Class

DR

b,d,e

1,800,191

Palmer

Square

CLO,

Ltd.

1,800,000

2.224%, 

(LIBOR

3M

+

2.000%),

4/20/2029,

Ser.

2020-1A,

Class

A1

b,e

1,803,670

Palmer

Square

Loan

Funding,

Ltd.

2,800,000

2.434%, 

(LIBOR

3M

+

2.300%),

11/25/2028,

Ser.

2020-4A,

Class

B

b,e

2,810,626

Shackleton

CLO,

Ltd.

1,200,000

1.411%, 

(LIBOR

3M

+

1.170%),

7/15/2031,

Ser.

2015-7RA,

Class

A1

b,e

1,200,098

Sound

Point

CLO

X,

Ltd.

1,800,000

2.924%, 

(LIBOR

3M

+

2.700%),

1/20/2028,

Ser.

2015-3A,

Class

DR

b,e

1,792,031

THL

Credit

Wind

River

CLO,

Ltd.

2,425,000

3.091%, 

(LIBOR

3M

+

2.850%),

7/15/2028,

Ser.

2016-1A,

Class

DR

b,e

2,412,705

Total

25,263,895

Basic

Materials

(3.3%)

Alcoa

Nederland

Holding

BV

130,000

5.500%, 

12/15/2027

e

139,785

Anglo

American

Capital

plc

1,800,000

3.625%, 

9/11/2024

e

1,972,834

1,450,000

4.750%, 

4/10/2027

e

1,719,609

Cleveland-Cliffs,

Inc.

240,000

5.750%, 

3/1/2025

245,400

50,000

9.875%, 

10/17/2025

e

58,794

Freeport-McMoRan,

Inc.

180,000

4.125%, 

3/1/2028

189,324

3,726,000

5.450%, 

3/15/2043

4,657,500

Glencore

Funding,

LLC

520,000

4.125%, 

5/30/2023

e

560,747

Principal

Amount

Long-Term

Fixed

Income

(94.6%)

Value

Basic

Materials

(3.3%)

-

continued

$

3,013,000

4.000%, 

3/27/2027

e

$

3,421,828

1,800,000

2.500%, 

9/1/2030

e

1,817,257

Ingevity

Corporation

180,000

3.875%, 

11/1/2028

e

180,470

Kinross

Gold

Corporation

360,000

5.950%, 

3/15/2024

411,647

2,230,000

4.500%, 

7/15/2027

2,582,663

LYB

International

Finance

III,

LLC

1,900,000

3.375%, 

10/1/2040

1,953,732

Methanex

Corporation

120,000

5.250%, 

12/15/2029

125,625

Mosaic

Company

1,900,000

4.875%, 

11/15/2041

2,230,419

Novelis

Corporation

360,000

5.875%, 

9/30/2026

e

377,100

OCI

NV

200,000

4.625%, 

10/15/2025

e

206,965

Steel

Dynamics,

Inc.

1,900,000

3.250%, 

10/15/2050

1,913,449

1,100,000

3.250%, 

1/15/2031

1,209,880

Syngenta

Finance

NV

1,825,000

4.441%, 

4/24/2023

e

1,885,894

1,900,000

5.182%, 

4/24/2028

e

2,055,714

Teck

Resources,

Ltd.

1,730,000

6.125%, 

10/1/2035

2,202,205

Tronox

Finance

plc

150,000

5.750%, 

10/1/2025

e

153,750

Vale

Overseas,

Ltd.

1,080,000

6.250%, 

8/10/2026

1,325,700

2,000,000

3.750%, 

7/8/2030

2,192,200

Westlake

Chemical

Corporation

1,800,000

3.600%, 

8/15/2026

2,012,248

WestRock

Company

730,000

3.750%, 

3/15/2025

811,621

Total

38,614,360

Capital

Goods

(3.3%)

Amsted

Industries,

Inc.

145,000

5.625%, 

7/1/2027

e

152,975

BAE

Systems

plc

1,700,000

3.400%, 

4/15/2030

e

1,896,487

1,400,000

1.900%, 

2/15/2031

e

1,396,948

Boeing

Company

1,600,000

5.930%, 

5/1/2060

2,149,358

1,900,000

5.040%, 

5/1/2027

2,213,267

900,000

5.150%, 

5/1/2030

1,068,704

3,000,000

5.705%, 

5/1/2040

3,804,923

Carrier

Global

Corporation

1,450,000

2.700%, 

2/15/2031

1,533,625

1,900,000

3.377%, 

4/5/2040

2,017,924

CNH

Industrial

NV

1,440,000

3.850%, 

11/15/2027

1,650,666

Crown

Cork

&

Seal

Company,

Inc.

360,000

7.375%, 

12/15/2026

437,400

General

Electric

Company

2,800,000

3.554%, 

(LIBOR

3M

+

3.330%),

3/15/2021

b,f

2,644,712

1,450,000

3.450%, 

5/1/2027

1,624,837

GFL

Environmental,

Inc.

180,000

3.500%, 

9/1/2028

e

177,133

Howmet

Aerospace,

Inc.

160,000

6.875%, 

5/1/2025

186,400

Income

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

77

Principal

Amount

Long-Term

Fixed

Income

(94.6%)

Value

Capital

Goods

(3.3%)

-

continued

Huntington

Ingalls

Industries,

Inc.

$

1,100,000

3.844%, 

5/1/2025

$

1,227,677

John

Deere

Capital

Corporation

1,750,000

1.750%, 

3/9/2027

1,825,224

Northrop

Grumman

Corporation

1,250,000

3.250%, 

1/15/2028

1,392,030

Owens-Brockway

Glass

Container,

Inc.

250,000

5.875%, 

8/15/2023

e

267,500

Parker-Hannifin

Corporation

1,750,000

4.000%, 

6/14/2049

2,148,757

Roper

Technologies,

Inc.

1,260,000

3.800%, 

12/15/2026

1,450,084

Spirit

AeroSystems,

Inc.

1,800,000

1.017%, 

(LIBOR

3M

+

0.800%),

6/15/2021

b

1,779,301

SRM

Escrow

Issuer,

LLC

90,000

6.000%, 

11/1/2028

e

94,572

Textron,

Inc.

720,000

4.300%, 

3/1/2024

789,652

370,000

3.875%, 

3/1/2025

407,679

1,440,000

3.650%, 

3/15/2027

1,593,682

United

Rentals

North

America,

Inc.

360,000

4.000%, 

7/15/2030

379,692

United

Technologies

Corporation

1,075,000

3.950%, 

8/16/2025

1,223,862

1,075,000

4.450%, 

11/16/2038

1,316,794

Total

38,851,865

Collateralized

Mortgage

Obligations

(<0.1%)

GMAC

Mortgage

Corporation

Loan

Trust

66,559

0.630%, 

(LIBOR

1M

+

0.500%),

8/25/2035,

Ser.

2005-HE1,

Class

A2

b,g

79,669

Wachovia

Mortgage

Loan

Trust,

LLC

243,697

2.689%, 

5/20/2036,

Ser.

2006-A,

Class

2A1

b

248,648

Total

328,317

Communications

Services

(8.2%)

AMC

Networks,

Inc.

180,000

4.250%, 

2/15/2029

d

179,192

American

Tower

Corporation

1,440,000

3.125%, 

1/15/2027

1,573,766

1,900,000

1.875%, 

10/15/2030

1,879,672

AT&T,

Inc.

2,893,000

3.650%, 

9/15/2059

e

2,784,661

1,519,000

4.300%, 

2/15/2030

1,782,091

1,750,000

2.750%, 

6/1/2031

1,828,924

3,368,000

2.550%, 

12/1/2033

e

3,358,026

1,810,000

4.300%, 

12/15/2042

2,043,005

2,850,000

3.100%, 

2/1/2043

2,772,936

1,800,000

4.500%, 

3/9/2048

2,046,583

British

Telecommunications

plc

1,800,000

4.500%, 

12/4/2023

1,992,651

CCO

Holdings,

LLC

220,000

5.500%, 

5/1/2026

e

227,856

360,000

4.750%, 

3/1/2030

e

382,939

140,000

4.500%, 

8/15/2030

e

147,437

Principal

Amount

Long-Term

Fixed

Income

(94.6%)

Value

Communications

Services

(8.2%)

-

continued

Charter

Communications

Operating,

LLC

$

2,500,000

4.800%, 

3/1/2050

$

2,844,607

1,700,000

4.908%, 

7/23/2025

1,959,778

1,550,000

6.384%, 

10/23/2035

2,086,158

4,975,000

6.484%, 

10/23/2045

6,800,033

Comcast

Corporation

1,080,000

3.375%, 

8/15/2025

1,198,957

1,800,000

3.300%, 

4/1/2027

2,027,267

292,000

6.400%, 

5/15/2038

441,689

1,600,000

4.600%, 

10/15/2038

2,046,760

1,850,000

3.750%, 

4/1/2040

2,154,121

1,800,000

4.650%, 

7/15/2042

2,335,927

Cox

Communications,

Inc.

1,800,000

3.350%, 

9/15/2026

e

2,002,622

315,000

4.800%, 

2/1/2035

e

391,534

1,400,000

4.700%, 

12/15/2042

e

1,752,828

Crown

Castle

International

Corporation

2,340,000

5.250%, 

1/15/2023

2,551,265

CSC

Holdings,

LLC

300,000

4.125%, 

12/1/2030

e

306,720

Cumulus

Media

New

Holdings,

Inc.

140,000

6.750%, 

7/1/2026

e

142,100

Discovery

Communications,

LLC

2,500,000

4.650%, 

5/15/2050

3,006,248

900,000

4.900%, 

3/11/2026

1,052,758

Fox

Corporation

1,800,000

5.476%, 

1/25/2039

2,401,600

Front

Range

BidCo,

Inc.

180,000

4.000%, 

3/1/2027

e

180,508

GCI,

LLC

60,000

4.750%, 

10/15/2028

e

62,531

Level

3

Financing,

Inc.

360,000

5.250%, 

3/15/2026

371,232

Meredith

Corporation

95,000

6.500%, 

7/1/2025

e

100,581

Nexstar

Escrow

Corporation

360,000

5.625%, 

7/15/2027

e

382,126

Nielsen

Finance,

LLC

80,000

5.625%, 

10/1/2028

e

85,494

Omnicom

Group,

Inc.

560,000

3.650%, 

11/1/2024

615,467

700,000

4.200%, 

6/1/2030

827,937

SBA

Communications

Corporation

180,000

3.125%, 

2/1/2029

e

179,550

SFR

Group

SA

180,000

7.375%, 

5/1/2026

e

188,271

Sinclair

Television

Group,

Inc.

360,000

5.875%, 

3/15/2026

e

369,000

Sirius

XM

Radio,

Inc.

360,000

4.125%, 

7/1/2030

e

370,940

Sprint

Capital

Corporation

130,000

6.875%, 

11/15/2028

166,888

Sprint

Corporation

5,180,000

7.125%, 

6/15/2024

6,040,087

400,000

7.625%, 

2/15/2025

478,000

Time

Warner

Entertainment

Company,

LP

780,000

8.375%, 

3/15/2023

907,524

T-Mobile

USA,

Inc.

3,550,000

3.750%, 

4/15/2027

e

3,989,526

Income

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

78

Principal

Amount

Long-Term

Fixed

Income

(94.6%)

Value

Communications

Services

(8.2%)

-

continued

$

750,000

2.550%, 

2/15/2031

e

$

768,210

1,200,000

3.000%, 

2/15/2041

e

1,181,400

VeriSign,

Inc.

360,000

4.750%, 

7/15/2027

382,532

Verizon

Communications,

Inc.

1,400,000

4.000%, 

3/22/2050

1,615,983

1,289,000

2.987%, 

10/30/2056

e

1,235,219

2,600,000

1.321%, 

(LIBOR

3M

+

1.100%),

5/15/2025

b

2,675,422

1,409,000

1.680%, 

10/30/2030

e

1,373,116

2,150,000

4.272%, 

1/15/2036

2,616,747

Viacom,

Inc.

1,800,000

4.375%, 

3/15/2043

2,087,997

ViaSat,

Inc.

80,000

5.625%, 

9/15/2025

e

81,824

Vodafone

Group

plc

1,350,000

5.000%, 

5/30/2038

1,722,947

VTR

Finance

NV

40,000

6.375%, 

7/15/2028

e

43,306

Walt

Disney

Company

1,100,000

7.625%, 

11/30/2028

1,552,973

2,100,000

3.500%, 

5/13/2040

2,365,916

Total

95,521,965

Consumer

Cyclical

(6.4%)

Amazon.com,

Inc.

1,800,000

1.500%, 

6/3/2030

1,794,013

American

Honda

Finance

Corporation

1,400,000

2.150%, 

9/10/2024

1,479,030

Brookfield

Property

REIT,

Inc.

170,000

5.750%, 

5/15/2026

e

176,440

Brookfield

Residential

Properties,

Inc.

225,000

6.250%, 

9/15/2027

e

237,375

Carnival

Corporation

180,000

11.500%, 

4/1/2023

e

204,226

Cedar

Fair,

LP

190,000

5.250%, 

7/15/2029

190,173

Choice

Hotels

International,

Inc.

1,900,000

3.700%, 

1/15/2031

2,066,155

Colt

Merger

Sub,

Inc.

180,000

6.250%, 

7/1/2025

e

189,705

CVS

Health

Corporation

1,050,000

4.250%, 

4/1/2050

1,263,606

700,000

3.625%, 

4/1/2027

791,807

Daimler

Finance

North

America,

LLC

1,100,000

1.750%, 

3/10/2023

e

1,129,138

Ford

Motor

Company

360,000

7.450%, 

7/16/2031

459,900

Ford

Motor

Credit

Company,

LLC

1,100,000

3.470%, 

4/5/2021

1,101,375

1,425,000

4.250%, 

9/20/2022

1,471,327

2,850,000

4.125%, 

8/17/2027

2,999,625

1,100,000

4.000%, 

11/13/2030

1,127,500

General

Motors

Company

700,000

6.125%, 

10/1/2025

843,194

3,575,000

6.800%, 

10/1/2027

4,595,208

770,000

5.000%, 

4/1/2035

929,630

General

Motors

Financial

Company,

Inc.

1,900,000

1.700%, 

8/18/2023

1,943,354

Principal

Amount

Long-Term

Fixed

Income

(94.6%)

Value

Consumer

Cyclical

(6.4%)

-

continued

$

1,490,000

4.000%, 

1/15/2025

$

1,638,962

Hanesbrands,

Inc.

360,000

4.625%, 

5/15/2024

e

379,946

Harley-Davidson

Financial

Services,

Inc.

1,870,000

4.050%, 

2/4/2022

e

1,934,623

Home

Depot,

Inc.

1,750,000

2.500%, 

4/15/2027

1,901,102

1,820,000

4.250%, 

4/1/2046

2,318,433

Hyundai

Capital

America

775,000

1.250%, 

9/18/2023

e

782,854

1,700,000

2.375%, 

10/15/2027

e

1,783,989

2,500,000

1.800%, 

1/10/2028

e

2,490,332

Hyundai

Capital

Services,

Inc.

1,080,000

3.000%, 

3/6/2022

e

1,105,956

Kohl's

Corporation

2,600,000

9.500%, 

5/15/2025

3,362,997

1,900,000

5.550%, 

7/17/2045

2,086,031

L

Brands,

Inc.

180,000

6.625%, 

10/1/2030

e

201,497

Lennar

Corporation

1,100,000

4.500%, 

4/30/2024

1,210,825

2,300,000

4.750%, 

5/30/2025

2,623,403

Lowe's

Companies,

Inc.

1,100,000

5.000%, 

4/15/2040

1,453,126

Marriott

International

1,100,000

4.625%, 

6/15/2030

1,258,817

Mastercard,

Inc.

1,100,000

3.850%, 

3/26/2050

1,369,071

McDonald's

Corporation

1,825,000

4.450%, 

3/1/2047

2,272,914

MDC

Holdings,

Inc.

3,200,000

2.500%, 

1/15/2031

3,192,000

Nissan

Motor

Company,

Ltd.

1,100,000

3.522%, 

9/17/2025

e

1,178,036

Owl

Rock

Capital

Corporation

3,150,000

3.400%, 

7/15/2026

3,229,326

Royal

Caribbean

Cruises,

Ltd.

180,000

9.125%, 

6/15/2023

e

194,175

Six

Flags

Entertainment

Corporation

70,000

5.500%, 

4/15/2027

e,h

70,648

Six

Flags

Theme

Parks,

Inc.

40,000

7.000%, 

7/1/2025

e

43,100

Staples,

Inc.

180,000

7.500%, 

4/15/2026

e

183,616

Toll

Brothers

Finance

Corporation

850,000

4.375%, 

4/15/2023

894,625

1,255,000

4.350%, 

2/15/2028

1,393,050

1,600,000

3.800%, 

11/1/2029

1,732,000

ViacomCBS,

Inc.

1,800,000

4.200%, 

5/19/2032

2,132,517

Visa,

Inc.

1,400,000

1.900%, 

4/15/2027

1,473,881

Volkswagen

Group

of

America

Finance,

LLC

1,550,000

4.250%, 

11/13/2023

e

1,701,393

1,750,000

3.350%, 

5/13/2025

e

1,917,332

Wyndham

Destinations,

Inc.

180,000

6.625%, 

7/31/2026

e

201,024

Total

74,704,382

Income

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

79

Principal

Amount

Long-Term

Fixed

Income

(94.6%)

Value

Consumer

Non-Cyclical

(12.2%)

Abbott

Laboratories

$

1,632,000

3.750%, 

11/30/2026

$

1,890,615

810,000

4.750%, 

11/30/2036

1,089,385

1,500,000

6.000%, 

4/1/2039

2,268,408

AbbVie,

Inc.

2,540,000

3.200%, 

5/14/2026

2,797,227

1,450,000

2.950%, 

11/21/2026

1,595,229

1,800,000

3.200%, 

11/21/2029

1,991,478

1,900,000

4.300%, 

5/14/2036

2,311,649

1,800,000

4.050%, 

11/21/2039

2,110,263

1,100,000

4.850%, 

6/15/2044

1,406,925

Altria

Group,

Inc.

4,750,000

5.800%, 

2/14/2039

6,143,604

Amgen,

Inc.

1,800,000

3.375%, 

2/21/2050

1,931,658

Anheuser-Busch

Companies,

LLC

1,790,000

4.700%, 

2/1/2036

2,210,925

Anheuser-Busch

InBev

Worldwide,

Inc.

2,175,000

4.000%, 

4/13/2028

2,520,527

2,500,000

3.500%, 

6/1/2030

2,852,422

1,450,000

4.600%, 

4/15/2048

1,760,856

1,800,000

4.439%, 

10/6/2048

2,158,107

AstraZeneca

plc

2,500,000

1.375%, 

8/6/2030

2,414,553

BAT

Capital

Corporation

1,500,000

5.282%, 

4/2/2050

1,800,164

1,450,000

3.222%, 

8/15/2024

1,564,932

1,750,000

4.700%, 

4/2/2027

2,042,834

3,000,000

2.259%, 

3/25/2028

3,065,452

1,900,000

3.734%, 

9/25/2040

1,942,224

Bausch

Health

Companies,

Inc.

30,000

5.000%, 

1/30/2028

e

30,909

180,000

5.000%, 

2/15/2029

e

184,258

Baxalta,

Inc.

871,000

4.000%, 

6/23/2025

979,119

Becton,

Dickinson

and

Company

3,800,000

3.794%, 

5/20/2050

4,391,399

2,150,000

3.700%, 

6/6/2027

2,462,677

Boston

Scientific

Corporation

1,050,000

3.750%, 

3/1/2026

1,185,969

Cargill,

Inc.

1,750,000

3.250%, 

5/23/2029

e

1,971,834

Centene

Corporation

1,100,000

5.375%, 

6/1/2026

e

1,150,545

90,000

4.250%, 

12/15/2027

95,210

270,000

4.625%, 

12/15/2029

299,350

3,895,000

3.375%, 

2/15/2030

4,080,012

Cigna

Corporation

1,800,000

4.125%, 

11/15/2025

2,064,570

2,150,000

2.400%, 

3/15/2030

2,241,433

1,800,000

4.800%, 

8/15/2038

2,288,823

Conagra

Brands,

Inc.

500,000

4.600%, 

11/1/2025

581,568

1,900,000

1.375%, 

11/1/2027

1,894,570

Constellation

Brands,

Inc.

800,000

4.400%, 

11/15/2025

926,685

360,000

3.500%, 

5/9/2027

406,435

1,700,000

5.250%, 

11/15/2048

2,336,069

CVS

Health

Corporation

900,000

3.875%, 

7/20/2025

1,011,675

2,790,000

5.050%, 

3/25/2048

3,652,771

Principal

Amount

Long-Term

Fixed

Income

(94.6%)

Value

Consumer

Non-Cyclical

(12.2%)

-

continued

DENTSPLY

SIRONA,

Inc.

$

1,500,000

3.250%, 

6/1/2030

$

1,648,600

Encompass

Health

Corporation

175,000

4.500%, 

2/1/2028

182,219

HCA,

Inc.

290,000

5.375%, 

2/1/2025

325,595

4,000,000

5.875%, 

2/15/2026

4,575,000

1,200,000

5.500%, 

6/15/2047

1,555,127

HLF

Financing

SARL,

LLC

130,000

7.250%, 

8/15/2026

e

137,272

Imperial

Brands

Finance

plc

1,800,000

3.500%, 

7/26/2026

e

1,975,204

Imperial

Tobacco

Finance

plc

1,310,000

3.750%, 

7/21/2022

e

1,362,452

JBS

USA,

LLC

180,000

6.500%, 

4/15/2029

e

204,676

Keurig

Dr.

Pepper,

Inc.

1,750,000

3.800%, 

5/1/2050

2,005,631

Kraft

Foods

Group,

Inc.

120,000

5.000%, 

6/4/2042

138,694

Kraft

Heinz

Foods

Company

1,100,000

5.500%, 

6/1/2050

1,351,565

720,000

3.000%, 

6/1/2026

761,450

250,000

3.750%, 

4/1/2030

268,360

Kroger

Company

1,800,000

2.650%, 

10/15/2026

1,962,319

Mylan,

Inc.

1,500,000

4.550%, 

4/15/2028

1,778,185

1,800,000

5.200%, 

4/15/2048

2,332,877

Nestle

Holdings,

Inc.

2,150,000

3.900%, 

9/24/2038

e

2,592,848

Par

Pharmaceutical,

Inc.

360,000

7.500%, 

4/1/2027

e

388,195

Perrigo

Finance

Unlimited

Company

1,100,000

3.150%, 

6/15/2030

1,159,749

QBE

Insurance

Group,

Ltd.

1,425,000

5.875%, 

5/12/2025

b,e,f

1,549,545

Reckitt

Benckiser

Treasury

Services

plc

1,620,000

2.750%, 

6/26/2024

e

1,730,772

Reynolds

American,

Inc.

940,000

5.850%, 

8/15/2045

1,187,607

Royalty

Pharma

plc

1,450,000

1.750%, 

9/2/2027

e

1,479,988

1,550,000

2.200%, 

9/2/2030

e

1,569,564

Shire

Acquisitions

Investments

Ireland

Designated

Activity

Company

1,800,000

2.875%, 

9/23/2023

1,903,085

Smithfield

Foods,

Inc.

4,500,000

2.650%, 

10/3/2021

e

4,537,166

800,000

3.000%, 

10/15/2030

e

831,784

Sysco

Corporation

2,300,000

6.600%, 

4/1/2050

3,459,532

1,300,000

4.850%, 

10/1/2045

1,594,241

Teleflex,

Inc.

250,000

4.250%, 

6/1/2028

e

262,762

Tenet

Healthcare

Corporation

360,000

5.125%, 

11/1/2027

e

379,390

Thermo

Fisher

Scientific,

Inc.

720,000

2.950%, 

9/19/2026

793,563

Income

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

80

Principal

Amount

Long-Term

Fixed

Income

(94.6%)

Value

Consumer

Non-Cyclical

(12.2%)

-

continued

Tyson

Foods,

Inc.

$

720,000

3.550%, 

6/2/2027

$

819,514

UnitedHealth

Group,

Inc.

1,800,000

2.950%, 

10/15/2027

1,999,407

760,000

4.750%, 

7/15/2045

1,027,510

1,775,000

4.450%, 

12/15/2048

2,322,431

Upjohn,

Inc.

1,100,000

4.000%, 

6/22/2050

e

1,226,638

VRX

Escrow

Corporation

190,000

6.125%, 

4/15/2025

e

194,666

Zimmer

Biomet

Holdings,

Inc.

2,100,000

3.550%, 

3/20/2030

2,355,288

Total

142,035,789

Energy

(9.8%)

Antero

Resources

Corporation

60,000

5.000%, 

3/1/2025

56,850

Apache

Corporation

150,000

4.875%, 

11/15/2027

154,125

Baker

Hughes,

LLC

1,425,000

4.486%, 

5/1/2030

1,692,871

BP

Capital

Markets

America,

Inc.

1,800,000

3.000%, 

2/24/2050

1,752,020

1,440,000

3.017%, 

1/16/2027

1,582,332

1,050,000

3.543%, 

4/6/2027

1,190,364

BP

Capital

Markets

plc

1,510,000

3.814%, 

2/10/2024

1,653,582

Buckeye

Partners,

LP

210,000

4.125%, 

3/1/2025

e

212,887

Canadian

Natural

Resources,

Ltd.

1,800,000

2.950%, 

7/15/2030

1,874,209

Cheniere

Corpus

Christi

Holdings,

LLC

1,750,000

3.700%, 

11/15/2029

1,910,586

Cheniere

Energy

Partners,

LP

540,000

4.500%, 

10/1/2029

580,500

Chevron

USA,

Inc.

1,700,000

3.900%, 

11/15/2024

1,897,880

1,400,000

5.050%, 

11/15/2044

1,894,402

Continental

Resources,

Inc.

1,361,000

4.500%, 

4/15/2023

1,396,849

Devon

Energy

Corporation

1,300,000

7.950%, 

4/15/2032

1,832,114

Devon

Financing

Corporation,

ULC

1,100,000

7.875%, 

9/30/2031

1,525,439

Diamondback

Energy,

Inc.

2,400,000

3.500%, 

12/1/2029

2,549,953

El

Paso

Pipeline

Partners

Operating

Company,

LLC

720,000

4.700%, 

11/1/2042

797,190

Enagas

SA

180,000

5.500%, 

1/15/2028

e

178,200

Enbridge,

Inc.

1,050,000

5.750%, 

7/15/2080

b

1,161,105

Energy

Transfer

Operating,

LP

2,350,000

3.750%, 

5/15/2030

2,468,297

1,800,000

6.000%, 

6/15/2048

2,044,457

Energy

Transfer

Partners,

LP

2,520,000

4.200%, 

4/15/2027

2,790,620

Enterprise

Products

Operating,

LLC

2,300,000

3.200%, 

2/15/2052

2,208,839

1,010,000

3.700%, 

2/15/2026

1,136,851

Principal

Amount

Long-Term

Fixed

Income

(94.6%)

Value

Energy

(9.8%)

-

continued

$

1,800,000

4.875%, 

8/16/2077

b

$

1,719,371

EOG

Resources,

Inc.

600,000

4.950%, 

4/15/2050

775,539

2,000,000

4.375%, 

4/15/2030

2,378,056

EQM

Midstream

Partners,

LP

180,000

5.500%, 

7/15/2028

186,433

EQT

Corporation

360,000

3.900%, 

10/1/2027

373,950

Equinor

ASA

2,100,000

3.000%, 

4/6/2027

2,313,999

1,425,000

3.125%, 

4/6/2030

1,586,489

Kinder

Morgan,

Inc.

720,000

5.000%, 

2/15/2021

e

721,195

Marathon

Oil

Corporation

2,150,000

4.400%, 

7/15/2027

2,423,293

Marathon

Petroleum

Corporation

1,440,000

4.750%, 

12/15/2023

1,592,408

1,780,000

6.500%, 

3/1/2041

2,396,034

MPLX,

LP

1,450,000

3.500%, 

12/1/2022

1,523,554

1,450,000

4.875%, 

6/1/2025

1,663,803

1,750,000

4.800%, 

2/15/2029

2,073,620

1,080,000

5.200%, 

3/1/2047

1,283,930

Murphy

Oil

Corporation

140,000

5.875%, 

12/1/2027

133,098

National

Fuel

Gas

Company

3,025,000

5.500%, 

1/15/2026

3,520,204

Newfield

Exploration

Company

1,180,000

5.625%, 

7/1/2024

1,284,137

2,911,000

5.375%, 

1/1/2026

3,180,364

ONEOK,

Inc.

1,100,000

2.200%, 

9/15/2025

1,145,198

3,000,000

6.350%, 

1/15/2031

3,832,965

Petrobras

Global

Finance

BV

1,900,000

5.600%, 

1/3/2031

2,121,350

Petroleos

Mexicanos

2,900,000

6.500%, 

3/13/2027

3,001,500

Pioneer

Natural

Resources

Company

1,200,000

2.150%, 

1/15/2031

1,187,251

Plains

All

American

Pipeline,

LP

1,800,000

4.500%, 

12/15/2026

2,020,503

1,800,000

3.550%, 

12/15/2029

1,875,187

1,800,000

3.800%, 

9/15/2030

1,903,786

1,100,000

4.300%, 

1/31/2043

1,080,130

Sabine

Pass

Liquefaction,

LLC

1,090,000

5.750%, 

5/15/2024

1,247,418

700,000

4.500%, 

5/15/2030

e

815,471

Schlumberger

Holdings

Corporation

1,750,000

3.900%, 

5/17/2028

e

1,962,380

Suncor

Energy,

Inc.

1,080,000

3.600%, 

12/1/2024

1,188,829

1,600,000

3.100%, 

5/15/2025

1,738,692

Sunoco

Logistics

Partners

Operations,

LP

1,800,000

3.450%, 

1/15/2023

1,875,574

2,500,000

4.000%, 

10/1/2027

2,755,190

Sunoco,

LP

360,000

6.000%, 

4/15/2027

381,150

Western

Gas

Partners,

LP

4,200,000

4.650%, 

7/1/2026

4,410,000

Income

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

81

Principal

Amount

Long-Term

Fixed

Income

(94.6%)

Value

Energy

(9.8%)

-

continued

Williams

Companies,

Inc.

$

1,800,000

7.500%, 

1/15/2031

$

2,443,883

Williams

Partners,

LP

1,070,000

4.500%, 

11/15/2023

1,174,825

900,000

3.750%, 

6/15/2027

1,023,856

1,730,000

4.850%, 

3/1/2048

2,044,207

WPX

Energy,

Inc.

1,938,000

5.250%, 

9/15/2024

2,154,814

3,100,000

4.500%, 

1/15/2030

3,281,350

Total

114,337,508

Financials

(28.1%)

AerCap

Ireland

Capital

DAC

1,350,000

6.500%, 

7/15/2025

1,599,727

1,500,000

4.625%, 

10/15/2027

1,697,494

2,200,000

3.875%, 

1/23/2028

h

2,367,758

AIA

Group,

Ltd.

1,900,000

3.200%, 

9/16/2040

e

1,981,776

Air

Lease

Corporation

1,490,000

3.750%, 

2/1/2022

1,528,888

740,000

4.250%, 

9/15/2024

813,898

1,200,000

3.625%, 

4/1/2027

1,304,223

Aircastle,

Ltd.

1,150,000

5.250%, 

8/11/2025

e

1,281,219

2,500,000

2.850%, 

1/26/2028

e

2,449,617

Ally

Financial,

Inc.

1,720,000

5.750%, 

11/20/2025

2,002,495

3,000,000

8.000%, 

11/1/2031

4,355,864

American

International

Group,

Inc.

1,800,000

4.200%, 

4/1/2028

2,108,395

Ares

Capital

Corporation

2,400,000

3.875%, 

1/15/2026

2,583,066

800,000

2.150%, 

7/15/2026

793,989

Associated

Banc-Corporation

1,850,000

4.250%, 

1/15/2025

1,999,938

Australia

and

New

Zealand

Banking

Group,

Ltd.

1,800,000

2.950%, 

7/22/2030

b,e

1,899,226

1,500,000

2.570%, 

11/25/2035

b,e

1,496,432

Aviation

Capital

Group,

LLC

1,700,000

5.500%, 

12/15/2024

e

1,919,550

Avolon

Holdings

Funding,

Ltd.

700,000

5.250%, 

5/15/2024

e

762,822

1,200,000

5.500%, 

1/15/2026

e

1,364,512

1,000,000

4.250%, 

4/15/2026

e

1,079,600

3,600,000

4.375%, 

5/1/2026

e

3,896,733

Banco

Bilbao

Vizcaya

Argentaria

SA

1,600,000

6.500%, 

3/5/2025

b,f

1,692,000

Banco

del

Estado

de

Chile

2,150,000

2.704%, 

1/9/2025

e

2,270,959

Banco

Santander

SA

1,800,000

2.746%, 

5/28/2025

1,924,708

1,200,000

4.379%, 

4/12/2028

1,398,481

1,000,000

3.490%, 

5/28/2030

1,105,807

Bank

of

America

Corporation

1,670,000

4.200%, 

8/26/2024

1,865,518

1,640,000

6.500%, 

10/23/2024

b,f

1,866,648

1,800,000

4.000%, 

1/22/2025

2,006,840

1,250,000

3.950%, 

4/21/2025

1,397,195

5,600,000

3.705%, 

4/24/2028

b

6,359,101

1,450,000

4.271%, 

7/23/2029

b

1,706,697

2,030,000

3.194%, 

7/23/2030

b

2,236,012

Principal

Amount

Long-Term

Fixed

Income

(94.6%)

Value

Financials

(28.1%)

-

continued

$

3,800,000

1.922%, 

10/24/2031

b

$

3,770,854

1,200,000

4.244%, 

4/24/2038

b

1,451,070

1,140,000

2.831%, 

10/24/2051

b

1,136,931

Bank

of

New

York

Mellon

Corporation

1,075,000

4.700%, 

9/20/2025

b,f

1,177,136

Bank

of

Nova

Scotia

2,250,000

4.900%, 

6/4/2025

b,f

2,416,050

Barclays

Bank

plc

1,090,000

10.179%, 

6/12/2021

e

1,127,691

Barclays

plc

1,800,000

7.875%, 

3/15/2022

b,f

1,889,798

350,000

8.000%, 

6/15/2024

b,f

392,438

1,900,000

6.125%, 

12/15/2025

b,f

2,056,750

720,000

4.836%, 

5/9/2028

821,557

1,900,000

2.645%, 

6/24/2031

b

1,951,912

Berkshire

Hathaway

Finance

Corporation

1,900,000

2.850%, 

10/15/2050

1,948,248

1,050,000

4.250%, 

1/15/2049

1,336,821

Boston

Properties,

LP

1,800,000

2.750%, 

10/1/2026

1,949,615

1,100,000

3.250%, 

1/30/2031

1,187,844

BPCE

SA

1,080,000

3.000%, 

5/22/2022

e

1,116,996

735,000

5.700%, 

10/22/2023

e

829,719

810,000

5.150%, 

7/21/2024

e

919,151

Brandywine

Operating

Partnership,

LP

1,900,000

3.950%, 

11/15/2027

2,047,329

CANPACK

SA

200,000

3.125%, 

11/1/2025

e

203,250

Capital

One

Bank

USA

NA

1,000,000

3.375%, 

2/15/2023

1,055,960

Capital

One

Financial

Corporation

1,810,000

4.200%, 

10/29/2025

2,051,953

Charles

Schwab

Corporation

1,450,000

5.375%, 

6/1/2025

b,f

1,607,122

1,900,000

4.000%, 

12/1/2030

b,f

1,957,000

CIT

Group,

Inc.

180,000

4.125%, 

3/9/2021

180,090

1,370,000

5.250%, 

3/7/2025

1,570,856

800,000

6.125%, 

3/9/2028

994,000

Citigroup,

Inc.

1,800,000

4.700%, 

1/30/2025

b,f

1,840,500

1,900,000

3.352%, 

4/24/2025

b

2,056,028

2,630,000

4.400%, 

6/10/2025

2,983,272

1,695,000

5.500%, 

9/13/2025

2,019,117

2,300,000

4.000%, 

12/10/2025

b,f

2,331,625

1,090,000

3.700%, 

1/12/2026

1,223,551

1,510,000

4.450%, 

9/29/2027

1,763,941

1,500,000

3.668%, 

7/24/2028

b

1,697,039

2,300,000

3.520%, 

10/27/2028

b

2,581,332

CNA

Financial

Corporation

1,130,000

7.250%, 

11/15/2023

1,334,711

350,000

3.950%, 

5/15/2024

385,481

1,750,000

3.450%, 

8/15/2027

1,981,753

Comerica,

Inc.

1,150,000

5.625%, 

7/1/2025

b,f

1,265,000

Commerzbank

AG

1,800,000

8.125%, 

9/19/2023

e

2,083,898

CoreStates

Capital

III

1,360,000

0.791%, 

(LIBOR

3M

+

0.570%),

2/15/2027

b,e

1,299,094

Income

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

82

Principal

Amount

Long-Term

Fixed

Income

(94.6%)

Value

Financials

(28.1%)

-

continued

Corporate

Office

Properties,

LP

$

1,325,000

2.250%, 

3/15/2026

$

1,376,278

Credit

Acceptance

Corporation

90,000

5.125%, 

12/31/2024

e

92,475

Credit

Agricole

SA

2,200,000

3.250%, 

1/14/2030

e

2,371,037

Credit

Suisse

Group

AG

2,300,000

7.500%, 

7/17/2023

b,e,f

2,503,504

2,150,000

2.193%, 

6/5/2026

b,e

2,235,126

2,300,000

5.250%, 

2/11/2027

b,e,f

2,432,135

1,900,000

4.282%, 

1/9/2028

e

2,187,109

1,400,000

5.100%, 

1/24/2030

b,e,f

1,431,920

Danske

Bank

AS

2,950,000

5.000%, 

1/12/2023

b,e

3,065,455

1,050,000

3.244%, 

12/20/2025

b,e

1,128,172

Deutsche

Bank

AG

4,200,000

6.000%, 

10/30/2025

b,f

4,079,250

1,400,000

3.961%, 

11/26/2025

b

1,533,155

Digital

Realty

Trust,

LP

1,550,000

2.750%, 

2/1/2023

1,623,492

Discover

Bank

865,000

4.200%, 

8/8/2023

943,626

1,400,000

2.450%, 

9/12/2024

1,479,513

2,510,000

4.682%, 

8/9/2028

b

2,681,182

Drawbridge

Special

Opportunities

Fund,

LP

270,000

3.875%, 

2/15/2026

e

272,030

Duke

Realty,

LP

1,250,000

1.750%, 

2/1/2031

1,245,028

Fidelity

National

Financial,

Inc.

730,000

5.500%, 

9/1/2022

784,679

First

Horizon

National

Corporation

2,100,000

4.000%, 

5/26/2025

2,354,701

Five

Corners

Funding

Trust

2,890,000

4.419%, 

11/15/2023

e

3,201,767

GE

Capital

Funding,

LLC

2,100,000

4.050%, 

5/15/2027

e

2,398,456

1,100,000

4.400%, 

5/15/2030

e

1,275,923

GE

Capital

International

Funding

Company

1,750,000

4.418%, 

11/15/2035

2,048,684

Global

Net

Lease,

Inc.

180,000

3.750%, 

12/15/2027

e

183,279

Goldman

Sachs

Group,

Inc.

810,000

4.000%, 

3/3/2024

891,567

2,550,000

3.850%, 

7/8/2024

2,800,565

1,800,000

4.950%, 

2/10/2025

b,f

1,904,616

1,510,000

4.250%, 

10/21/2025

1,715,723

1,900,000

3.691%, 

6/5/2028

b

2,156,691

1,900,000

4.223%, 

5/1/2029

b

2,229,481

Healthpeak

Properties,

Inc.

1,050,000

2.875%, 

1/15/2031

1,129,126

HSBC

Holdings

plc

720,000

6.875%, 

6/1/2021

b,f

730,001

1,800,000

1.220%, 

(LIBOR

3M

+

1.000%),

5/18/2024

b

1,822,591

1,440,000

4.300%, 

3/8/2026

1,657,733

900,000

6.000%, 

5/22/2027

b,f

975,078

1,080,000

4.041%, 

3/13/2028

b

1,228,157

1,300,000

4.600%, 

12/17/2030

b,f

1,317,875

Icahn

Enterprises,

LP

360,000

6.250%, 

5/15/2026

380,372

Principal

Amount

Long-Term

Fixed

Income

(94.6%)

Value

Financials

(28.1%)

-

continued

ING

Groep

NV

$

2,500,000

4.100%, 

10/2/2023

$

2,736,711

J.P.

Morgan

Chase

&

Company

1,150,000

5.150%, 

5/1/2023

b,f

1,183,063

750,000

6.000%, 

8/1/2023

b,f

783,563

730,000

6.750%, 

2/1/2024

b,f

820,799

3,000,000

5.000%, 

8/1/2024

b,f

3,164,422

1,800,000

4.600%, 

2/1/2025

b,f

1,852,200

1,800,000

2.950%, 

10/1/2026

1,984,855

1,800,000

2.956%, 

5/13/2031

b

1,924,537

1,400,000

3.882%, 

7/24/2038

b

1,640,567

1,850,000

5.500%, 

10/15/2040

2,631,187

Kilroy

Realty,

LP

1,450,000

4.250%, 

8/15/2029

1,662,726

Kimco

Realty

Corporation

2,900,000

3.300%, 

2/1/2025

3,175,290

Liberty

Mutual

Group,

Inc.

1,065,000

4.950%, 

5/1/2022

e

1,123,643

Lloyds

Bank

plc

1,090,000

4.650%, 

3/24/2026

1,250,138

Lloyds

Banking

Group

plc

2,250,000

2.858%, 

3/17/2023

b

2,307,919

1,050,000

7.500%, 

6/27/2024

b,f

1,167,600

700,000

7.500%, 

9/27/2025

b,f

798,315

1,100,000

2.438%, 

2/5/2026

b

1,156,772

Marsh

&

McLennan

Companies,

Inc.

800,000

4.375%, 

3/15/2029

960,332

MetLife,

Inc.

1,450,000

3.850%, 

9/15/2025

b,f

1,497,125

MGM

Growth

Properties

Operating

Partnership,

LP

360,000

4.500%, 

9/1/2026

382,360

Mizuho

Financial

Group,

Inc.

1,440,000

3.663%, 

2/28/2027

1,636,269

1,900,000

1.979%, 

9/8/2031

b

1,900,579

Morgan

Stanley

1,900,000

4.051%, 

(LIBOR

3M

+

3.810%),

4/15/2021

b,f

1,900,950

1,000,000

2.720%, 

7/22/2025

b

1,067,186

1,130,000

4.000%, 

7/23/2025

1,281,426

1,140,000

5.300%, 

12/15/2025

b,f

1,173,250

720,000

3.125%, 

7/27/2026

797,072

1,490,000

4.350%, 

9/8/2026

1,734,374

2,400,000

3.622%, 

4/1/2031

b

2,732,692

1,900,000

1.794%, 

2/13/2032

b

1,873,305

930,000

4.300%, 

1/27/2045

1,177,426

MPT

Operating

Partnership,

LP

360,000

5.000%, 

10/15/2027

381,600

Nationwide

Building

Society

1,510,000

3.900%, 

7/21/2025

e

1,699,631

1,080,000

4.000%, 

9/14/2026

e

1,206,706

Nationwide

Mutual

Insurance

Company

1,775,000

4.350%, 

4/30/2050

e

2,013,155

Natwest

Group

plc

2,900,000

3.032%, 

11/28/2035

b

2,913,195

Nippon

Life

Insurance

Company

913,000

5.100%, 

10/16/2044

b,e

1,019,410

1,450,000

3.400%, 

1/23/2050

b,e

1,537,000

Omega

Healthcare

Investors,

Inc.

3,400,000

3.375%, 

2/1/2031

3,542,038

Income

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

83

Principal

Amount

Long-Term

Fixed

Income

(94.6%)

Value

Financials

(28.1%)

-

continued

Owl

Rock

Technology

Finance

Corporation

$

1,000,000

3.750%, 

6/17/2026

e

$

1,024,010

Park

Aerospace

Holdings,

Ltd.

700,000

4.500%, 

3/15/2023

e

735,842

Peachtree

Corners

Funding

Trust

1,700,000

3.976%, 

2/15/2025

e

1,887,784

Preferred

Term

Securities

XXIII,

Ltd.

112,472

0.417%, 

(LIBOR

3M

+

0.200%),

12/22/2036

b,e

93,539

Provident

Financing

Trust

I

1,700,000

7.405%, 

3/15/2038

1,958,518

Prudential

Financial,

Inc.

2,200,000

3.700%, 

3/13/2051

2,508,548

700,000

5.200%, 

3/15/2044

b

749,400

1,750,000

3.700%, 

10/1/2050

b

1,833,125

Realty

Income

Corporation

2,170,000

3.875%, 

7/15/2024

2,407,030

1,175,000

1.800%, 

3/15/2033

1,152,585

Regency

Centers,

LP

1,440,000

3.600%, 

2/1/2027

1,597,557

Regions

Financial

Corporation

1,400,000

5.750%, 

6/15/2025

b,f

1,563,618

Reinsurance

Group

of

America,

Inc.

1,450,000

4.700%, 

9/15/2023

1,598,164

Royal

Bank

of

Scotland

Group

plc

1,080,000

8.625%, 

8/15/2021

b,f

1,117,800

1,500,000

4.269%, 

3/22/2025

b

1,652,298

2,100,000

6.000%, 

12/29/2025

b,f

2,312,625

600,000

3.754%, 

11/1/2029

b

641,110

Santander

Holdings

USA,

Inc.

1,350,000

3.450%, 

6/2/2025

1,468,815

Santander

UK

Group

Holdings

plc

1,500,000

4.750%, 

9/15/2025

e

1,690,406

Service

Properties

Trust

130,000

4.750%, 

10/1/2026

124,800

Societe

Generale

SA

1,900,000

5.375%, 

11/18/2030

b,e,f

1,980,750

Spirit

Realty,

LP

2,250,000

3.400%, 

1/15/2030

2,437,736

1,150,000

3.200%, 

2/15/2031

1,208,130

Standard

Chartered

plc

1,550,000

2.744%, 

9/10/2022

b,e

1,569,792

1,750,000

1.374%, 

(LIBOR

3M

+

1.150%),

1/20/2023

b,e

1,764,397

1,200,000

4.750%, 

1/14/2031

b,e,f,h

1,212,240

Synchrony

Financial

1,050,000

4.250%, 

8/15/2024

1,153,961

1,050,000

3.950%, 

12/1/2027

1,173,034

Truist

Financial

Corporation

800,000

4.950%, 

9/1/2025

b,f

874,000

UBS

Group

Funding

Jersey,

Ltd.

1,510,000

4.125%, 

9/24/2025

e

1,715,753

UBS

Group

Funding

Switzerland

AG

1,440,000

4.253%, 

3/23/2028

e

1,678,431

Ventas

Realty,

LP

720,000

3.500%, 

2/1/2025

790,325

VEREIT

Operating

Partnership,

LP

750,000

4.625%, 

11/1/2025

865,974

1,900,000

3.400%, 

1/15/2028

2,090,241

Principal

Amount

Long-Term

Fixed

Income

(94.6%)

Value

Financials

(28.1%)

-

continued

$

1,150,000

2.850%, 

12/15/2032

$

1,182,699

VICI

Properties,

LP

90,000

4.250%, 

12/1/2026

e

93,092

90,000

4.625%, 

12/1/2029

e

95,850

Wells

Fargo

&

Company

2,000,000

4.125%, 

8/15/2023

2,176,092

2,200,000

3.900%, 

3/15/2026

b,f

2,200,000

1,440,000

3.000%, 

4/22/2026

1,572,746

1,800,000

2.393%, 

6/2/2028

b

1,899,551

Welltower,

Inc.

1,300,000

4.000%, 

6/1/2025

1,465,349

Westpac

Banking

Corporation

1,600,000

2.894%, 

2/4/2030

b

1,679,636

1,850,000

2.963%, 

11/16/2040

1,884,805

Total

327,652,769

Foreign

Government

(0.2%)

Dominican

Republic

Government

International

Bond

550,000

6.000%, 

7/19/2028

e

638,825

Morocco

Government

International

Bond

650,000

3.000%, 

12/15/2032

e

654,719

Qatar

Government

International

Bond

1,100,000

4.500%, 

4/23/2028

e

1,320,110

Total

2,613,654

Mortgage-Backed

Securities

(2.6%)

Federal

Home

Loan

Mortgage

Corporation

Conventional

30-Yr.

Pass

Through

4,070,633

3.000%, 

3/25/2050

4,287,557

399,451

3.000%, 

4/1/2050

420,726

2,095,840

3.500%, 

7/1/2047

2,239,582

Federal

National

Mortgage

Association

412,562

4.500%, 

5/1/2048

449,422

1,541,915

3.500%, 

10/1/2048

1,637,854

1,358,869

3.500%, 

6/1/2049

1,446,434

1,757,315

3.500%, 

8/1/2049

1,869,062

Federal

National

Mortgage

Association

Conventional

15-Yr.

Pass

Through

3,475,000

2.000%, 

3/1/2035

d

3,625,359

2,000,000

1.500%, 

3/1/2036

d

2,047,084

Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through

2,400,000

2.000%, 

2/1/2051

d

2,478,375

2,200,000

2.000%, 

3/1/2051

d

2,267,891

5,825,000

2.500%, 

3/1/2051

d

6,127,399

1,506,800

4.000%, 

7/1/2048

1,616,376

Total

30,513,121

Technology

(4.7%)

Apple,

Inc.

2,550,000

3.250%, 

2/23/2026

2,845,446

1,080,000

3.750%, 

9/12/2047

1,293,148

Applied

Materials,

Inc.

720,000

3.300%, 

4/1/2027

815,550

Baidu,

Inc.

1,100,000

2.375%, 

10/9/2030

1,113,189

Income

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

84

Principal

Amount

Long-Term

Fixed

Income

(94.6%)

Value

Technology

(4.7%)

-

continued

Broadcom

Corporation

$

4,350,000

3.875%, 

1/15/2027

$

4,859,147

1,800,000

3.500%, 

1/15/2028

1,964,534

Broadcom,

Inc.

2,150,000

4.250%, 

4/15/2026

2,438,896

1,800,000

5.000%, 

4/15/2030

2,142,755

CommScope

Technologies

Finance,

LLC

100,000

6.000%, 

6/15/2025

e

102,115

Dell

International,

LLC/

EMC

Corporation

700,000

6.100%, 

7/15/2027

e

866,400

Diamond

1

Finance

Corporation

238,000

5.875%, 

6/15/2021

e

238,524

3,775,000

6.020%, 

6/15/2026

e

4,557,152

Diamond

Sports

Group,

LLC

180,000

6.625%, 

8/15/2027

e

114,300

Fiserv,

Inc.

1,775,000

3.200%, 

7/1/2026

1,968,807

4,000,000

2.650%, 

6/1/2030

4,247,728

Gartner,

Inc.

180,000

3.750%, 

10/1/2030

e

185,060

Hewlett

Packard

Enterprise

Company

1,250,000

2.250%, 

4/1/2023

1,295,732

1,400,000

4.650%, 

10/1/2024

1,586,793

Iron

Mountain,

Inc.

360,000

4.875%, 

9/15/2029

e

373,815

Lam

Research

Corporation

1,750,000

4.000%, 

3/15/2029

2,076,189

Marvell

Technology

Group,

Ltd.

1,100,000

4.875%, 

6/22/2028

1,303,930

Micron

Technology,

Inc.

1,750,000

5.327%, 

2/6/2029

2,161,732

NXP

BV/NXP

Funding,

LLC

1,750,000

4.875%, 

3/1/2024

e

1,966,128

1,750,000

5.350%, 

3/1/2026

e

2,092,290

NXP

Funding,

LLC

1,100,000

3.150%, 

5/1/2027

e

1,210,597

Oracle

Corporation

2,100,000

2.800%, 

4/1/2027

2,295,132

1,800,000

4.300%, 

7/8/2034

2,207,572

Panasonic

Corporation

1,600,000

3.113%, 

7/19/2029

e

1,752,336

SK

Hynix,

Inc.

2,800,000

2.375%, 

1/19/2031

e

2,819,227

Switch,

Ltd.

135,000

3.750%, 

9/15/2028

e

137,855

Texas

Instruments,

Inc.

1,800,000

4.150%, 

5/15/2048

2,332,800

Total

55,364,879

Transportation

(2.2%)

AerCap

Holdings

NV

1,800,000

5.875%, 

10/10/2079

b

1,827,504

Aircastle,

Ltd.

1,785,000

4.400%, 

9/25/2023

1,914,331

Boeing

Company

900,000

5.805%, 

5/1/2050

1,186,545

3,800,000

3.250%, 

2/1/2028

4,036,700

Burlington

Northern

Santa

Fe,

LLC

1,500,000

4.700%, 

9/1/2045

2,002,458

1,800,000

4.050%, 

6/15/2048

2,250,335

Principal

Amount

Long-Term

Fixed

Income

(94.6%)

Value

Transportation

(2.2%)

-

continued

CSX

Corporation

$

1,100,000

2.400%, 

2/15/2030

$

1,168,301

Delta

Air

Lines,

Inc.

752,756

4.250%, 

7/30/2023

770,771

300,000

7.000%, 

5/1/2025

e

347,876

1,150,000

4.750%, 

10/20/2028

e

1,274,359

ERAC

USA

Finance,

LLC

2,440,000

4.200%, 

11/1/2046

e

2,951,794

Southwest

Airlines

Company

1,525,000

5.250%, 

5/4/2025

1,750,208

2,200,000

5.125%, 

6/15/2027

2,605,247

United

Airlines

Pass

Through

Trust

653,472

3.750%, 

9/3/2026

671,586

XPO

Logistics,

Inc.

360,000

6.125%, 

9/1/2023

e

365,850

Total

25,123,865

U.S.

Government

&

Agencies

(4.4%)

U.S.

Treasury

Bonds

5,800,000

1.375%, 

8/15/2050

5,182,844

42,500,000

1.625%, 

11/15/2050

40,401,562

5,000,000

1.500%, 

2/15/2030

5,216,016

Total

50,800,422

Utilities

(7.0%)

AEP

Transmission

Company,

LLC

2,520,000

3.100%, 

12/1/2026

2,812,487

Ameren

Illinois

Company

1,050,000

4.500%, 

3/15/2049

1,383,362

American

Water

Capital

Corporation

1,800,000

3.450%, 

5/1/2050

2,059,082

Arizona

Public

Service

Company

1,800,000

3.500%, 

12/1/2049

2,039,502

Baltimore

Gas

and

Electric

Company

1,440,000

2.400%, 

8/15/2026

1,547,661

Berkshire

Hathaway

Energy

Company

1,425,000

4.450%, 

1/15/2049

1,820,828

CenterPoint

Energy

Resources

Corporation

1,700,000

1.750%, 

10/1/2030

1,683,113

CenterPoint

Energy,

Inc.

1,750,000

2.950%, 

3/1/2030

1,890,804

CMS

Energy

Corporation

1,440,000

3.450%, 

8/15/2027

1,635,907

Consolidated

Edison

Company

of

New

York,

Inc.

720,000

2.900%, 

12/1/2026

791,039

2,250,000

4.125%, 

5/15/2049

2,739,013

Dominion

Energy,

Inc.

1,600,000

3.071%, 

8/15/2024

1,738,887

1,250,000

4.650%, 

12/15/2024

b,f

1,315,625

Duke

Energy

Corporation

2,160,000

2.650%, 

9/1/2026

2,334,536

2,160,000

3.150%, 

8/15/2027

2,401,847

1,800,000

3.750%, 

9/1/2046

1,984,513

Edison

International

3,700,000

5.750%, 

6/15/2027

4,450,039

Exelon

Corporation

880,000

3.950%, 

6/15/2025

989,406

Income

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

85

Principal

Amount

Long-Term

Fixed

Income

(94.6%)

Value

Utilities

(7.0%)

-

continued

FirstEnergy

Corporation

$

2,520,000

3.900%, 

7/15/2027

$

2,753,100

700,000

4.850%, 

7/15/2047

846,496

FirstEnergy

Transmission,

LLC

1,850,000

5.450%, 

7/15/2044

e

2,285,432

Georgia

Power

Company

1,800,000

2.650%, 

9/15/2029

1,934,431

National

Rural

Utilities

Cooperative

Finance

Corporation

1,400,000

4.400%, 

11/1/2048

1,807,787

Nevada

Power

Company

1,700,000

6.750%, 

7/1/2037

2,543,113

NextEra

Energy

Operating

Partners,

LP

360,000

3.875%, 

10/15/2026

e

385,479

NiSource

Finance

Corporation

1,080,000

4.375%, 

5/15/2047

1,309,181

NiSource,

Inc.

1,800,000

3.600%, 

5/1/2030

2,047,550

NRG

Energy,

Inc.

800,000

2.450%, 

12/2/2027

e

835,422

3,050,000

3.375%, 

2/15/2029

e

3,119,845

Oncor

Electric

Delivery

Company,

LLC

1,510,000

3.750%, 

4/1/2045

1,798,885

Pacific

Gas

and

Electric

Company

730,000

2.950%, 

3/1/2026

772,300

1,100,000

3.300%, 

12/1/2027

1,187,371

1,100,000

3.950%, 

12/1/2047

1,105,394

PPL

Capital

Funding,

Inc.

1,810,000

3.950%, 

3/15/2024

1,981,454

1,900,000

4.125%, 

4/15/2030

2,242,579

PPL

Electric

Utilities

Corporation

2,200,000

3.000%, 

10/1/2049

2,319,420

San

Diego

Gas

and

Electric

Company

1,800,000

4.150%, 

5/15/2048

2,212,935

Sempra

Energy

1,400,000

4.875%, 

10/15/2025

b,f

1,508,080

1,800,000

3.250%, 

6/15/2027

2,001,421

Southern

California

Edison

Company

1,800,000

3.650%, 

2/1/2050

1,936,557

Southern

Company

4,370,000

3.250%, 

7/1/2026

4,859,573

1,900,000

4.000%, 

1/15/2051

b

2,009,189

TerraForm

Power

Operating,

LLC

360,000

5.000%, 

1/31/2028

e

399,600

Total

81,820,245

Total

Long-Term

Fixed

Income

(cost

$1,021,058,192)

1,103,547,036

Shares

Registered

Investment

Companies

(

0.7%

)

Value

Unaffiliated  (0.7%)

70,000

iShares

J.P.

Morgan

USD

Emerging

Markets

Bond

ETF

7,969,500

Total

7,969,500

Total

Registered

Investment

Companies

(cost

$7,089,733)

7,969,500

Shares

Collateral

Held

for

Securities

Loaned

(

0.3%

)

Value

3,409,409

Thrivent

Cash

Management

Trust

$

3,409,409

Total

Collateral

Held

for

Securities

Loaned

(cost

$3,409,409)

3,409,409

Shares

Preferred

Stock

(

0.1%

)

Value

Financials

(0.1%)

12,500

Cobank

ACB,

6.250%

b,f

1,325,000

Total

1,325,000

Total

Preferred

Stock

(cost

$1,250,000)

1,325,000

Shares

Common

Stock

(

<0.1%

)

Value

Communications

Services

(<0.1%)

265

Windstream

Services,

LLC,

Warrants

(Expires

12/31/2049)

i

3,467

Total

3,467

Total

Common

Stock

(cost

$119,649)

3,467

Shares

or

Principal

Amount

Short-Term

Investments

(

4.7%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

300,000

0.077%,

3/10/2021

j,k

299,985

300,000

0.080%,

4/14/2021

j,k

299,958

Thrivent

Core

Short-Term

Reserve

Fund

5,462,069

0.200%

54,620,692

Total

Short-Term

Investments

(cost

$55,150,041)

55,220,635

Total

Investments

(cost

$1,094,196,101)

100.9%

$1,177,612,281

Other

Assets

and

Liabilities,

Net

(0.9%)

(10,852,006)

Total

Net

Assets

100.0%

$1,166,760,275

a

The

stated

interest

rate

represents

the

weighted

average

of

all

contracts

within

the

bank

loan

facility.

b

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

January

29,

2021.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

c

All

or

a

portion

of

the

loan

is

unfunded.

d

Denotes

investments

purchased

on

a

when-issued

or

delayed

delivery

basis.

e

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

January

29,

2021,

the

value

of

these

investments

was

$217,541,762

or

18.6%

of

total

net

assets.

Income

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

86

f

Denotes

perpetual

securities.

Perpetual

securities

pay

an

indefinite

stream

of

income

and

have

no

contractual

maturity

date.

Date

shown,

if

applicable,

is

next

call

date.

g

All

or

a

portion

of

the

security

is

insured

or

guaranteed.

h

All

or

a

portion

of

the

security

is

on

loan.

i

Non-income

producing

security.

j

The

interest

rate

shown

reflects

the

yield,

coupon

rate

or

the

discount

rate

at

the

date

of

purchase.

k

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Income

Fund

as

of

January

29,

2021:

Securities

Lending

Transactions

Long-Term

Fixed

Income

$

3,330,842

Total

lending

$3,330,842

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$3,409,409

Net

amounts

due

to

counterparty

$78,567

Definitions:

CLO

-

Collateralized

Loan

Obligation

ETF

-

Exchange

Traded

Fund

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

Ser.

-

Series

Reference

Rate

Index:

LIBOR

1M

-

ICE

Libor

USD

Rate

1

Month

LIBOR

3M

-

ICE

Libor

USD

Rate

3

Month

Income

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

87

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

January

29,

2021,

in

valuing

Income

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Bank

Loans

Basic

Materials

58,061

–

58,061

–

Communications

Services

2,426,290

–

2,426,290

–

Consumer

Cyclical

1,545,499

–

1,545,499

–

Consumer

Non-Cyclical

1,112,162

–

1,112,162

–

Financials

442,151

–

442,151

–

Technology

553,071

–

553,071

–

Long-Term

Fixed

Income

Asset-Backed

Securities

25,263,895

–

25,263,895

–

Basic

Materials

38,614,360

–

38,614,360

–

Capital

Goods

38,851,865

–

38,851,865

–

Collateralized

Mortgage

Obligations

328,317

–

328,317

–

Communications

Services

95,521,965

–

95,521,965

–

Consumer

Cyclical

74,704,382

–

74,704,382

–

Consumer

Non-Cyclical

142,035,789

–

142,035,789

–

Energy

114,337,508

–

114,337,508

–

Financials

327,652,769

–

327,652,769

–

Foreign

Government

2,613,654

–

2,613,654

–

Mortgage-Backed

Securities

30,513,121

–

30,513,121

–

Technology

55,364,879

–

55,364,879

–

Transportation

25,123,865

–

25,123,865

–

U.S.

Government

&

Agencies

50,800,422

–

50,800,422

–

Utilities

81,820,245

–

81,820,245

–

Registered

Investment

Companies

Unaffiliated

7,969,500

7,969,500

–

–

Preferred

Stock

Financials

1,325,000

–

1,325,000

–

Common

Stock

Communications

Services

3,467

–

3,467

–

Short-Term

Investments

599,943

–

599,943

–

Subtotal

Investments

in

Securities

$1,119,582,180

$7,969,500

$1,111,612,680

$–

Other

Investments  *

Total

Affiliated

Short-Term

Investments

54,620,692

Collateral

Held

for

Securities

Loaned

3,409,409

Subtotal

Other

Investments

$58,030,101

Total

Investments

at

Value

$1,177,612,281

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

this

table

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Liability

Derivatives

Futures

Contracts

612,964

612,964

–

–

Total

Liability

Derivatives

$612,964

$612,964

$–

$–

Income

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

88

Reference

Description:

CBOT

-

Chicago

Board

of

Trade

The

following

table

presents

Income

Fund's

futures

contracts

held

as

of

January

29,

2021.

Investments

and/or

cash

totaling

$599,943

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Principal

Amount

Value

and

Unrealized

CBOT

U.S.

Long

Bond

104

March

2021

$

18,159,714

(

$

612,964)

Total

Futures

Long

Contracts

$

18,159,714

(

$

612,964)

Total

Futures

Contracts

$

18,159,714

($612,964)

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Income

Fund,

is

as

follows:

Fund

Value

10/31/2020

Gross

Purchases

Gross

Sales

Value

1/29/2021

Shares

Held

at

1/29/2021

%

of

Net

Assets

1/29/2021

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

$61,032

$94,122

$100,533

$54,621

5,462

4.7%

Total

Affiliated

Short-Term

Investments

61,032

54,621

4.7

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

788

9,020

6,399

3,409

3,409

0.3

Total

Collateral

Held

for

Securities

Loaned

788

3,409

0.3

Total

Value

$61,820

$58,030

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2020

-

1/29/2021

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

$–

$–

$–

$37

Total

Income/Non

Income

Cash

from

Affiliated

Investments

$37

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

–

0

1

Total

Affiliated

Income

from

Securities

Loaned,

Net

$1

Total

$–

$–

$0

International

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

89

Shares

Common

Stock

(

92.4%

)

Value

Argentina

(<0.1%)

3,530

Telecom

Argentina

SA

ADR

$

22,874

Total

22,874

Australia

(6.2%)

6,153

Afterpay,

Ltd.

a

628,128

29,636

AGL

Energy,

Ltd.

259,065

5,050

Ansell,

Ltd.

141,165

88,032

APA

Group

654,547

27,203

ARB

Corporation,

Ltd.

726,555

92,653

Aristocrat

Leisure,

Ltd.

2,182,708

41,816

ASX,

Ltd.

2,284,916

120,015

AusNet

Services,

Ltd.

157,987

34,433

Australia

and

New

Zealand

Banking

Group,

Ltd.

619,932

91,447

BHP

Group,

Ltd.

3,049,671

41,204

Breville

Group,

Ltd.

906,069

3,735

Brickworks,

Ltd.

52,982

74,618

BWP

Trust

244,168

200,954

Carsales.com,

Ltd.

2,995,852

12,031

Champion

Iron,

Ltd.

a

46,631

146,646

Charter

Hall

Group

1,515,234

14,242

Codan

Limited

129,777

42,498

Collins

Foods,

Ltd.

311,535

105,071

Commonwealth

Bank

of

Australia

6,671,159

22,821

Corporate

Travel

Management,

Ltd.

a

288,661

35,392

CSL,

Ltd.

7,337,538

101,528

Data#

3,

Ltd.

437,515

10,511

Domino's

Pizza

Enterprises,

Ltd.

735,038

42,337

Iluka

Resources,

Ltd.

207,393

39,858

JB

Hi-Fi,

Ltd.

1,566,511

7,952

Jumbo

Interactive,

Ltd.

84,815

2,647

Magellan

Financial

Group,

Ltd.

96,173

137,403

Metcash,

Ltd.

357,858

54,851

Mineral

Resources,

Ltd.

1,428,638

50,707

National

Australia

Bank,

Ltd.

908,929

38,969

National

Storage

REIT

56,653

15,352

Netwealth

Group,

Ltd.

201,483

19,292

OZ

Minerals,

Ltd.

272,880

14,849

Pendal

Group,

Ltd.

69,634

13,932

Perenti

Global,

Ltd.

13,741

50,553

Premier

Investments,

Ltd.

860,960

38,249

Pro

Medicus,

Ltd.

1,243,016

16,526

REA

Group,

Ltd.

1,836,937

51,388

Reliance

Worldwide

Corporation,

Ltd.

166,397

42,637

Rio

Tinto,

Ltd.

3,568,679

47,997

Sandfire

Resources,

Ltd.

173,880

57,471

SEEK,

Ltd.

1,224,532

11,630

Seven

Group

Holdings,

Ltd.

197,771

30,081

Spark

Infrastructure

Group

50,407

76,860

Technology

One,

Ltd.

504,748

190,629

Transurban

Group

a

1,920,800

464,782

Vita

Group,

Ltd.

373,725

23,732

Washington

H.

Soul

Pattinson

and

Company,

Ltd.

491,588

153,466

Waypoint

REIT,

Ltd.

299,969

54,165

Westpac

Banking

Corporation

868,331

101,355

Woodside

Petroleum,

Ltd.

1,881,310

69,788

WorleyParsons,

Ltd.

604,767

Total

53,909,358

Austria

(0.4%)

33,585

BAWAG

Group

AG

a,b

1,460,199

39,799

OMV

AG

1,670,038

Shares

Common

Stock

(92.4%)

Value

Austria

(0.4%)

-

continued

3,646

Osterreichische

Post

AG

$

154,192

356

Schoeller-Bleckmann

Oilfield

Equipment

AG

13,364

1,413

Semperit

Aktiengesellschaft

Holding

a

44,371

9,345

Zumtobel

AG

77,003

Total

3,419,167

Belgium

(0.8%)

36,929

Anheuser-Busch

InBev

NV

2,318,130

43,280

bpost

SA

a

512,039

1,639

Cofinimmo

SA

245,028

11,553

Groupe

Bruxelles

Lambert

SA

1,142,823

11,838

NV

Bekaert

SA

407,192

8,155

SA

D'Ieteren

NV

642,966

2,212

Tessenderlo

Group

a

94,380

40,943

Warehouses

De

Pauw

SCA

1,470,075

Total

6,832,633

Bermuda

(0.2%)

45,500

CK

Infrastructure

Holdings,

Ltd.

241,576

41,333

Johnson

Electric

Holdings,

Ltd.

122,077

290,000

K

Wah

International

Holdings,

Ltd.

136,647

238,500

Kerry

Logistics

Network,

Ltd.

508,639

1,011,000

Pacific

Basin

Shipping,

Ltd.

175,442

32,000

Road

King

Infrastructure,

Ltd.

39,693

137,800

Shanghai

Industrial

Urban

Development

Group,

Ltd.

13,120

326,000

Yuexiu

Transport

Infrastructure,

Ltd.

219,162

Total

1,456,356

Brazil

(0.5%)

22,800

Ambev

SA

63,090

15,500

Atacadao

SA

53,967

1,300

B2W

-

Companhia

Digital

a

19,274

22,800

B3

SA

-

Brasil

Bolsa

Balcao

249,527

20,900

Banco

ABC

Brasil

SA

57,374

68,322

Banco

Bradesco

SA

ADR

310,182

900

Banco

BTG

Pactual

SA

15,581

17,200

Banco

do

Brasil

SA

106,034

600

Banco

Inter

SA

14,504

16,805

Banco

Santander

Brasil

SA

ADR

121,332

10,100

BB

Seguridade

Participacoes

SA

51,096

4,400

BRF

SA

a

17,145

12,000

CCR

SA

26,560

1,901

Centrais

Eletricas

Brasileiras

SA

ADR

9,829

2,900

Cia

Brasileira

de

Distribuicao

39,937

14,529

Companhia

Siderurgica

Nacional

SA

ADR

80,055

28,000

EDP

-

Energias

do

Brasil

SA

98,768

22,029

Gerdau

SA

ADR

93,403

2,600

Hypera

SA

15,435

66,201

Itau

Unibanco

Holding

SA

ADR

345,569

116,100

Itausa

SA

225,351

28,600

JBS

SA

126,289

11,800

Klabin

SA

60,602

4,800

Localiza

Rent

a

Car

SA

55,971

27,100

Magazine

Luiza

SA

124,420

6,500

Natura

&

Company

Holding

SA

a

58,319

13,200

Petrobras

Distribuidora

SA

56,333

81,090

Petroleo

Brasileiro

SA

397,195

23,318

Petroleo

Brasileiro

SA

ADR

234,346

36,400

Raia

Drogasil

SA

165,654

6,100

Rumo

SA

a

22,498

International

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

90

Shares

Common

Stock

(92.4%)

Value

Brazil

(0.5%)

-

continued

5,600

Suzano

SA

a

$

63,396

12,133

Telefonica

Brasil

SA

ADR

100,219

2,288

TIM

SA

ADR

27,547

29,193

Vale

SA

ADR

471,467

9,900

Via

Varejo

SA

a

26,508

11,800

WEG

SA

180,729

Total

4,185,506

Canada

(6.7%)

21,712

Alaris

Equity

Partners

Income

Trust

271,665

8,201

Bank

of

Montreal

610,033

648

Bank

of

Nova

Scotia

34,560

51,415

BCE,

Inc.

2,180,840

5,425

Canadian

Apartment

Properties

REIT

217,212

25,637

Canadian

Imperial

Bank

of

Commerce

2,184,884

48,976

Canadian

National

Railway

Company

4,960,603

71,270

Canadian

Natural

Resources,

Ltd.

1,610,158

13,549

Canadian

Pacific

Railway,

Ltd.

4,552,252

74,038

CGI,

Inc.

a

5,934,620

68,260

CI

Financial

Corporation

847,678

380

Constellation

Software,

Inc.

462,918

55,668

Dollarama,

Inc.

2,176,221

2,729

Ero

Copper

Corporation

a

39,844

727

Fairfax

Financial

Holdings,

Ltd.

263,750

4,594

FirstService

Corporation

627,550

4,837

Franco-Nevada

Corporation

577,199

3,796

Granite

REIT

222,343

13,491

Intact

Financial

Corporation

1,487,571

6,365

Kinaxis,

Inc.

a

883,559

19,627

Kirkland

Lake

Gold,

Ltd.

754,230

57,419

Laurentian

Bank

of

Canada

c

1,387,486

15,130

Manulife

Financial

Corporation

273,434

6,367

Metro,

Inc.

275,244

1,043

National

Bank

of

Canada

58,620

56,587

Northland

Power,

Inc.

2,073,197

12,336

Onex

Corporation

653,289

21,886

Quebecor,

Inc.

523,724

12,708

Restaurant

Brands

International,

Inc.

733,252

68,605

Royal

Bank

of

Canada

5,552,780

4,345

Shopify

Inc.

a

4,773,373

10,724

Silvercorp

Metals,

Inc.

69,187

98,314

Suncor

Energy,

Inc.

1,644,525

18,755

TC

Energy

Corporation

803,880

45,280

Thomson

Reuters

Corporation

3,692,157

8,401

TMX

Group,

Ltd.

810,306

707

Topicus.com,

Inc.

a,d

2,660

5,589

Toromont

Industries,

Ltd.

375,179

66,123

Toronto-Dominion

Bank

3,746,841

13,480

Vermilion

Energy,

Inc.

59,033

Total

58,407,857

Cayman

Islands

(2.2%)

6,588

Baidu.com,

Inc.

ADR

a

1,548,312

28,000

Bizlink

Holding,

Inc.

309,066

8,400

Budweiser

Brewing

Company

APAC,

Ltd.

b

28,085

12,000

China

Meidong

Auto

Holdings,

Ltd.

40,356

152,000

China

Resources

Land,

Ltd.

601,486

13,500

China

Resources

Medical

Holdings

Company,

Ltd.

13,278

Shares

Common

Stock

(92.4%)

Value

Cayman

Islands

(2.2%)

-

continued

98,000

Consun

Pharmaceutical

Group,

Ltd.

$

40,187

26,100

ENN

Energy

Holdings,

Ltd.

402,525

12,000

Fu

Shou

Yuan

International

Group,

Ltd.

11,416

61,000

Goodbaby

International

Holdings,

Ltd.

a

7,680

205,000

IGG,

Inc.

265,700

1,752

JOYY,

Inc.

ADR

161,254

40,500

Kingboard

Holdings,

Ltd.

165,039

78,000

Longfor

Group

Holdings,

Ltd.

b

439,255

30,700

Meituan

Dianping

a

1,415,559

10,995

NetEase,

Inc.

ADR

1,264,315

3,066

New

Oriental

Education

&

Technology

Group,

Inc.

ADR

a

513,555

5,538

NIO,

Inc.

ADR

a

315,666

1,871

Pinduoduo,

Inc.

ADR

a

310,043

163,600

Sands

China,

Ltd.

649,712

29,500

Shimao

Property

Holdings,

Ltd.

85,295

1,024

Shimao

Services

Holdings,

Ltd.

a,b

1,801

811,000

Shui

On

Land,

Ltd.

120,032

645,000

SITC

International

Holdings

Company,

Ltd.

1,478,595

73,290

Tencent

Holdings,

Ltd.

6,530,381

82,000

Tingyi

(Cayman

Islands)

Holding

Corporation

162,937

199,000

VPower

Group

International

Holdings,

Ltd.

b

61,087

1,178,000

WH

Group,

Ltd.

b

954,597

21,000

Wuxi

Biologics

(Cayman),

Inc.

a,b

294,040

149,500

Xiabuxiabu

Catering

Management

Holdings

Company,

Ltd.

b

330,432

6,000

Xiaomi

Corporation

a,b

22,408

69,500

Zhongsheng

Group

Holdings,

Ltd.

407,019

Total

18,951,113

Chile

(0.1%)

3,115

Banco

de

Chile

ADR

63,951

1,253

Banco

de

Credito

e

Inversiones

SA

52,520

5,449

CAP

SA

69,335

5,942

Cia

Cervecerias

Unidas

SA

ADR

97,746

363,066

Colbun

SA

62,602

26,058

Embotelladora

Andina

SA

65,960

25,556

Empresas

CMPC

SA

68,341

1,626

Empresas

Copec

SA

17,072

5,360

Enel

Chile

SA

ADR

19,725

47,075

SMU

SA

6,729

1,676

Sociedad

Quimica

y

Minera

de

Chile

SA

ADR

85,375

Total

609,356

China

(2.5%)

340,100

Agricultural

Bank

of

China,

Ltd.

165,593

7,393

Aier

Eye

Hospital

Group

Company,

Ltd.

89,859

24,413

Alibaba

Group

Holding,

Ltd.

ADR

a

6,196,752

61,500

Anhui

Conch

Cement

Company,

Ltd.,

Class

H

363,332

1,847

Autohome,

Inc.

ADR

203,595

688,000

Bank

of

China,

Ltd.

232,877

111,000

Bank

of

Communications

Company,

Ltd.

60,021

193,000

Bank

of

Hangzhou

Company,

Ltd.

438,211

254,500

Bank

of

Jiangsu

Company,

Ltd.

217,054

7,597

BYD

Company,

Ltd.

Class

A

287,722

International

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

91

Shares

Common

Stock

(92.4%)

Value

China

(2.5%)

-

continued

13,000

BYD

Company,

Ltd.

Class

H

$

392,647

14,500

By-health

Company,

Ltd.

49,725

351,000

China

Cinda

Asset

Management

Company,

Ltd.

66,354

689,000

China

Construction

Bank

Corporation

521,862

114,400

China

International

Capital

Corporation,

Ltd.

a,b

298,263

1,093

China

Life

Insurance

Company,

Ltd.

6,088

23,000

China

Longyuan

Power

Group

Corporation,

Ltd.

33,668

60,500

China

Merchants

Bank

Company,

Ltd.

463,301

19,000

China

Merchants

Shekou

Industrial

Zone

Holdings

Company,

Ltd.

34,652

82,000

China

National

Building

Material

Company,

Ltd.

97,729

5,157

China

Petroleum

&

Chemical

Corporation

ADR

244,545

16,087

China

Resources

Sanjiu

Medical

and

Pharmaceutical

Company,

Ltd.

61,689

82,000

China

Vanke

Company,

Ltd.

293,384

800

Contemporary

Amperex

Technology

Company,

Ltd.

43,296

28,697

COSCO

SHIPPING

Holdings

Company,

Ltd.

Class

A

a

54,946

92,000

COSCO

SHIPPING

Holdings

Company,

Ltd.

Class

H

a

93,120

18,395

Foshan

Haitian

Flavouring

and

Food

Company,

Ltd.

559,551

167,200

GF

Securities

Company,

Ltd.

243,647

95,795

Henan

Shuanghui

Investment

&

Development

Company,

Ltd.

695,247

61,593

Huadong

Medicine

Company,

Ltd.

250,643

542,300

Industrial

and

Commercial

Bank

of

China,

Ltd.,

Class

A

426,708

1,177,000

Industrial

and

Commercial

Bank

of

China,

Ltd.,

Class

H

750,773

181,898

Industrial

Bank

Company,

Ltd.

648,910

7,861

Inner

Mongolia

Eerduosi

Resources

Company,

Ltd.

13,511

14,668

JD.com,

Inc.

ADR

a

1,300,905

58,000

Jiangxi

Copper

Company,

Ltd.

95,284

14,000

Kingfa

Sci.

&

Tech.

Company,

Ltd.

60,580

2,402

Kweichow

Moutai

Company,

Ltd.

785,004

13,600

Livzon

Pharmaceutical

Group,

Inc.

74,606

245,400

Metallurgical

Corporation

of

China,

Ltd.

106,807

5,564

Midea

Group

Company,

Ltd.

82,690

120,700

Oceanwide

Holdings

Company,

Ltd.

54,601

91,168

Ping

An

Insurance

Company

of

China,

Ltd.

1,073,757

374,000

Postal

Savings

Bank

of

China

Company,

Ltd.

b

266,831

53,688

S.

F.

Holding

Company,

Ltd.

819,806

33,900

Shandong

Sun

Paper

Industry

Joint

Stock

Company,

Ltd.

82,714

3,600

Shanghai

Haohai

Biological

Technology

Company,

Ltd.

b

28,636

13,000

Shanghai

Pharmaceuticals

Holding

Company,

Ltd.

22,470

19,400

Shenzhou

International

Group

Holdings,

Ltd.

378,329

Shares

Common

Stock

(92.4%)

Value

China

(2.5%)

-

continued

57,600

Sinopharm

Group

Company,

Ltd.

$

141,157

144,000

Tong

Ren

Tang

Technologies

Company,

Ltd.

90,821

30,000

Tsingtao

Brewery

Company,

Ltd.

289,311

10,457

Vipshop

Holdings,

Ltd.

ADR

a

286,731

1,100

Wuliangye

Yibin

Company,

Ltd.

49,410

3,747

WuXi

AppTec

Company,

Ltd.

96,151

101,000

Xiamen

C&D,

Inc.

120,571

4,800

Yunnan

Baiyao

Group

Company,

Ltd.

98,529

318,000

Zijin

Mining

Group

Company,

Ltd.

351,029

Total

21,356,005

Colombia

(<0.1%)

3,660

Bancolombia

SA

ADR

128,796

4,256

Interconexion

Electrica

SA

28,560

Total

157,356

Czech

Republic

(<0.1%)

6,936

CEZ

AS

166,325

3,769

Komercni

Banka

AS

a

114,397

42

Philip

Morris

CR

29,766

Total

310,488

Denmark

(2.0%)

536

A.P.

Moller

-

Maersk

AS,

Class

B

1,101,034

948

Aktieselskabet

Schouw

&

Company

95,387

1,612

Carlsberg

AS

235,500

3,257

Christian

Hansen

Holding

AS

a

294,658

4,678

Dampskibsselskabet

Norden

AS

83,522

17,043

DSV

AS

2,659,140

3,322

GN

Store

Nord

AS

253,080

114,324

Novo

Nordisk

AS

7,964,750

34,142

Novozymes

AS

2,049,152

4,635

Per

Aarsleff

Holding

AS

214,229

14,628

Royal

Unibrew

AS

1,444,007

13,744

Scandinavian

Tobacco

Group

AS

b

248,838

7,998

Topdanmark

AS

369,299

Total

17,012,596

Egypt

(<0.1%)

37,546

Commercial

International

Bank

Egypt

SAE

GDR

148,089

135,529

EFG

Hermes

Holding

Company

a

135,943

Total

284,032

Finland

(0.7%)

94

Kemira

Oyj

1,591

30,442

KONE

Oyj

2,394,112

19,418

Metsa

Board

Oyj

208,707

34,386

Neste

Oil

Oyj

2,422,167

11,282

Nordea

Bank

Abp

a

91,437

14,741

Raisio

Oyj

63,505

11,122

Rovio

Entertainment

Oyj

b

92,484

9,710

Stora

Enso

Oyj

176,214

17,193

Tokmanni

Group

Corporation

332,998

21,397

Uponor

Oyj

502,790

Total

6,286,005

France

(6.0%)

29,091

Air

Liquide

SA

4,757,739

9,514

Albioma

SA

484,342

59,310

BNP

Paribas

SA

a

2,844,247

5,177

Chargeurs

SA

116,024

International

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

92

Shares

Common

Stock

(92.4%)

Value

France

(6.0%)

-

continued

8,613

Cie

Generale

des

Etablissements

Michelin

$

1,186,934

35,160

CNP

Assurances

a

532,887

24,719

Coface

SA

a

243,170

70,319

Credit

Agricole

SA

a

795,877

1,975

Dassault

Systemes

SE

394,256

81,708

Elior

Participations

SCA

b

514,777

2,373

Gaztransport

Et

Technigaz

SA

216,153

3,953

Hermes

International

4,033,385

3,073

ICADE

220,990

4,408

Ipsos

SA

140,898

2,000

Kaufman

&

Broad

SA

91,627

89,510

Legrand

SA

8,244,614

8,882

L'Oreal

SA

3,124,686

10,979

LVMH

Moet

Hennessy

Louis

Vuitton

SE

6,637,843

168

Mersen

a

5,129

1,716

Metropole

Television

SA

a

29,196

8,438

Nexans

SA

a

627,575

5,970

Nexity

SA

268,932

10,177

Quadient

SAS

222,166

97,924

Rexel

SA

a

1,490,092

18,758

Sanofi

1,764,155

986

Sartorius

Stedim

Biotech

412,813

35,805

Schneider

Electric

SE

5,240,440

2,919

Teleperformance

SA

954,751

3,328

Television

Francaise

1

SA

a

28,917

123,245

Total

SE

5,194,575

1,196

Trigano

210,454

1,525

Vicat

SA

65,606

8,586

Vinci

SA

796,163

Total

51,891,413

Germany

(5.7%)

16,491

Aareal

Bank

AG

a

375,684

2,275

Adidas

AG

a

721,353

12,065

Aixtron

SE

a

225,498

35,979

Allianz

SE

8,131,574

76,307

Alstria

Office

REIT

AG

1,314,951

16,678

Aurubis

AG

1,285,333

9,185

BASF

SE

709,873

13,107

Bayer

AG

793,272

2,036

Bechtle

AG

432,634

601

Cewe

Stiftung

&

Company

KGaA

80,665

37,896

Daimler

AG

2,661,588

37,424

Deutsche

Boerse

AG

6,008,532

153,244

Deutsche

Pfandbriefbank

AG

a,b

1,504,102

41,610

Deutsche

Post

AG

2,055,327

197,865

Deutsche

Telekom

AG

3,518,542

10,047

Dialog

Semiconductor

plc

a

632,439

10,479

Duerr

AG

425,359

4,372

Eckert

&

Ziegler

Strahlen-

und

Medizintechnik

AG

291,279

5,863

ElringKlinger

AG

a

110,568

9,597

Encavis

AG

261,223

12,616

Gerresheimer

AG

1,343,463

5,859

Hamburger

Hafen

und

Logistik

AG

126,561

6,795

HelloFresh

SE

a

573,784

4,307

LEG

Immobilien

AG

617,415

3,005

Muenchener

Rueckversicherungs-

Gesellschaft

AG

796,799

586

New

Work

SE

162,495

240

Patrizia

Immobilien

AG

7,312

23,348

ProSiebenSat.1

Media

AG

a

421,911

1,461

PUMA

SE

a

142,963

Shares

Common

Stock

(92.4%)

Value

Germany

(5.7%)

-

continued

8,479

Rheinmetall

AG

$

895,308

16,199

RWE

AG

695,880

26,030

SAP

SE

3,302,891

774

Sartorius

Aktiengesellschaft

384,752

9,549

Siemens

AG

1,479,522

1,498

Sixt

SE

a

174,062

13,204

Software

AG

536,153

1,639

Stroeer

SE

147,687

29,920

Symrise

AG

3,723,349

53,189

TAG

Immobilien

AG

1,633,258

25,001

Takkt

AG

a

314,129

2,201

VERBIO

Vereinigte

BioEnergie

AG

111,515

749

Volkswagen

AG

158,062

166

zooplus

AG

a

38,477

Total

49,327,544

Greece

(<0.1%)

10,425

Hellenic

Telecommnications

Organization

SA

151,534

1,365

Motor

Oil

(Hellas)

Diilistiria

Korinthou

AE

19,187

15,973

Mytilineos

SA

232,563

2,317

OPAP

SA

28,365

842

Public

Power

Corporation

SA

a

7,187

706

Sarantis

SA

7,771

Total

446,607

Hong

Kong

(1.1%)

342,529

AIA

Group,

Ltd.

4,129,788

464,000

CITIC

Telecom

International

Holdings,

Ltd.

146,329

372,000

CITIC,

Ltd.

289,592

12,500

CLP

Holdings,

Ltd.

117,307

96,960

CSPC

Pharmaceutical

Group,

Ltd.

98,570

60,000

Far

East

Horizon,

Ltd.

61,862

151,000

Galaxy

Entertainment

Group,

Ltd.

1,139,260

149,778

Hang

Lung

Group,

Ltd.

378,810

296,000

Hong

Kong

and

China

Gas

Company,

Ltd.

425,126

17,800

Hong

Kong

Exchanges

&

Clearing,

Ltd.

1,137,993

14,000

Hong

Kong

Television

Network,

Ltd.

a

26,448

18,500

Link

REIT

160,492

66,000

Luk

Fook

Holdings

International,

Ltd.

142,974

224,400

Man

Wah

Holdings,

Ltd.

494,927

24,500

Power

Assets

Holdings,

Ltd.

130,013

92,000

Shanghai

Industrial

Holdings,

Ltd.

126,062

9,500

Techtronic

Industries

Company,

Ltd.

141,915

142,000

United

Laboratories

International

Holdings

98,453

868,000

Yuexiu

Property

Company,

Ltd.

169,554

Total

9,415,475

Hungary

(<0.1%)

1,546

OTP

Bank

Nyrt

a

70,491

2,128

Richter

Gedeon

Nyrt

59,945

Total

130,436

India

(0.9%)

42,282

Amara

Raja

Batteries,

Ltd.

531,156

49,069

Ambuja

Cements,

Ltd.

163,376

4,050

APL

Apollo

Tubes,

Ltd.

a

50,256

International

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

93

Shares

Common

Stock

(92.4%)

Value

India

(0.9%)

-

continued

5,320

Apollo

Hospitals

Enterprise,

Ltd.

$

186,384

3,895

Asian

Paints,

Ltd.

128,334

5,087

Aurobindo

Pharma,

Ltd.

62,904

13,585

Bajaj

Auto,

Ltd.

745,052

18,041

Cipla,

Ltd.

203,895

1,274

Cyient,

Ltd.

10,539

1,244

Dr.

Lal

PathLabs,

Ltd.

b

38,230

689

Endurance

Technologies,

Ltd.

b

13,048

27,571

Glenmark

Pharmaceuticals,

Ltd.

177,706

17,042

Granules

India,

Ltd.

78,492

3,266

Graphite

India,

Ltd.

14,053

7,840

Greaves

Cotton,

Ltd.

a

9,182

55,327

HCL

Technologies,

Ltd.

691,187

20,700

Heidelberg

Cement

India,

Ltd.

62,505

10,395

Hero

Motocorp,

Ltd.

462,910

3,464

Housing

Development

Finance

Corporation

112,638

66,007

Infosys,

Ltd.

ADR

1,114,198

8,685

InterGlobe

Aviation,

Ltd.

a,b

184,003

44,410

Jindal

Saw,

Ltd.

42,898

2,128

Kalpataru

Power

Transmission,

Ltd.

9,165

3,481

Multi

Commodity

Exchange

of

India,

Ltd.

78,262

75,847

Oil

and

Natural

Gas

Corporation,

Ltd.

91,422

2,843

Persistent

Systems,

Ltd.

59,307

11,378

PNB

Housing

Finance,

Ltd.

a,b

52,078

24,314

Reliance

Industries,

Ltd.

611,884

1,408

Siemens,

Ltd.

30,556

10,568

Tata

Consultancy

Services,

Ltd.

449,634

13,467

Tata

Elxsi,

Ltd.

494,845

8,599

Tech

Mahindra,

Ltd.

112,895

39,520

UPL,

Ltd.

303,429

86,151

Wipro,

Ltd.

ADR

529,829

Total

7,906,252

Indonesia

(<0.1%)

235,290

Astra

International

Tbk

PT

101,958

673,500

Mitra

Adiperkasa

Tbk

PT

a

36,854

8,336

Telekomunikasi

Indonesia

Persero

Tbk

PT

ADR

187,643

Total

326,455

Ireland

(0.1%)

144

Flutter

Entertainment

plc

a

26,812

48,155

Glanbia

plc

594,189

2,111

Grafton

Group

plc

24,925

83,379

Greencore

Group

plc

a

132,456

36,682

Hibernia

REIT

plc

48,789

Total

827,171

Isle

of

Man

(<0.1%)

11,774

Entain

plc

a

199,257

Total

199,257

Israel

(0.5%)

31,377

First

International

Bank

of

Israel,

Ltd.

819,311

5,235

Fiverr

International,

Ltd.

a

1,081,080

109

Nice,

Ltd.

a

28,420

459

Paz

Oil

Company,

Ltd.

45,117

66,666

Plus500,

Ltd.

1,223,074

1,817

Radware,

Inc.

a

51,512

Shares

Common

Stock

(92.4%)

Value

Israel

(0.5%)

-

continued

5,609

Wix.com,

Ltd.

a

$

1,385,703

Total

4,634,217

Italy

(1.7%)

9,119

Amplifon

SPA

a

361,464

54,252

Anima

Holding

SPA

b

251,905

43,621

Azimut

Holding

SPA

916,587

17,830

Banca

Popolare

Di

Sondrio

SCRL

a

43,752

21,718

Biesse

SPA

a

511,173

35,041

Buzzi

Unicem

SPA

862,128

4,513

De'Longhi

SPA

161,965

391,872

Enel

SPA

3,886,577

77,796

Eni

SPA

785,799

19,856

Falck

Renewables

SPA

152,916

18,908

Interpump

Group

SPA

848,024

62,124

Intesa

Sanpaolo

SPA

a

135,437

40,225

Italgas

SPA

241,255

7,167

La

Doria

SPA

116,199

480,745

Piaggio

&

C.

SPA

1,704,297

46,197

Recordati

SPA

2,390,655

6,965

Reply

SPA

852,001

1,553

Sesa

SPA

a

182,233

12,596

Tinexta

SPA

a

297,615

Total

14,701,982

Japan

(20.3%)

3,800

ABC-MART,

Inc.

216,144

91

Activia

Properties,

Inc.

363,882

5,900

Advantest

Corporation

466,260

18,800

Aeon

Company,

Ltd.

588,981

2,300

Aica

Kogyo

Company,

Ltd.

74,845

23,500

Aichi

Corporation

204,290

3,200

Aichi

Steel

Corporation

93,366

39,300

Alps

Electric

Company,

Ltd.

525,191

2,200

Amano

Corporation

51,160

1,800

Arcs

Company,

Ltd.

39,841

3,000

Argo

Graphics,

Inc.

90,136

34,000

Asahi

Group

Holdings,

Ltd.

1,372,659

9,100

ASKUL

Corporation

321,364

69,800

Astellas

Pharmaceutical,

Inc.

1,132,996

15,100

Autobacs

Seven

Company,

Ltd.

207,352

7,700

Azbil

Corporation

392,165

8,700

Bandai

Namco

Holdings,

Inc.

741,859

1,300

Belc

Company,

Ltd.

73,543

9,400

Benesse

Holdings,

Inc.

181,449

27,800

Bridgestone

Corporation

1,035,758

9,900

Bunka

Shutter

Company,

Ltd.

88,340

14,300

Canon

Electronics,

Inc.

239,940

10,200

Canon

Marketing

Japan,

Inc.

223,810

7,400

Cawachi,

Ltd.

206,790

1,300

Central

Glass

Company,

Ltd.

26,575

47,000

Chiyoda

Company,

Ltd.

416,775

10,500

Chubu

Electric

Power

Company,

Inc.

128,601

36,200

Chugai

Pharmaceutical

Company,

Ltd.

1,894,315

6,600

Chugoku

Marine

Paints,

Ltd.

59,917

12,200

CKD

Corporation

277,193

1,300

Cocokara

Fine,

Inc.

84,664

11,700

Computer

Engineering

&

Consulting,

Ltd.

156,935

1,900

CONEXIO

Corporation

24,815

7,500

Cosel

Company,

Ltd.

81,010

500

COSMOS

Pharmaceutical

Corporation

76,234

International

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

94

Shares

Common

Stock

(92.4%)

Value

Japan

(20.3%)

-

continued

21,200

Daicel

Corporation

$

161,271

100

Daido

Steel

Company,

Ltd.

4,092

2,700

Daifuku

Company,

Ltd.

308,145

33,300

Daiichi

Sankyo

Company,

Ltd.

1,071,961

2,200

Daiichikosho

Company,

Ltd.

75,901

8,200

Daikin

Industries,

Ltd.

1,731,286

9,100

Daito

Trust

Construction

Company,

Ltd.

948,347

63,200

DCM

Holdings

Company,

Ltd.

638,631

71,400

Dena

Company,

Ltd.

1,332,960

52,900

Denso

Corporation

2,940,454

17,100

DIC

Corporation

418,666

9,900

DIP

Corporation

271,695

300

DISCO

Corporation

97,595

9,400

Doshisha

Company,

Ltd.

168,354

15,100

DOWA

Holdings

Company,

Ltd.

552,294

39,318

DTS

Corporation

837,851

26,600

Ebara

Corporation

918,415

31,700

EDION

Corporation

310,660

13,000

Eiken

Chemical

Company,

Ltd.

285,952

7,200

Eisai

Company,

Ltd.

525,481

19,200

EPS

Holdings,

Inc.

186,895

55,300

Exedy

Corporation

827,916

33,800

F@N

Communications,

Inc.

131,281

7,000

FANUC

Corporation

1,827,485

1,800

Fast

Retailing

Company,

Ltd.

1,547,140

11,500

Ferrotec

Holdings

Corporation

184,320

36,400

Financial

Products

Group

Company,

Ltd.

173,248

4,500

Fuji

Corporation

117,618

22,300

Fuji

Soft,

Inc.

1,152,009

1,800

Fujibo

Holdings,

Inc.

69,122

9,800

Fujikura,

Ltd.

a

45,929

8,500

Fujimi

Incorporated

348,126

168

Fukuoka

REIT

Corporation

256,280

8,200

Furukawa

Electric

Company,

Ltd.

221,106

33,500

Glory,

Ltd.

649,334

51

GLP

J-Reit

82,163

6,300

GMO

Internet,

Inc.

177,972

11,800

Goldcrest

Company,

Ltd.

203,166

111,100

Gree,

Inc.

611,013

43,800

H.U.

Group

Holdings,

Inc.

1,302,352

300

Hamakyorex

Company,

Ltd.

8,766

600

Hamamatsu

Photonics

KK

34,801

124

Hankyu

REIT,

Inc.

150,940

21,600

Hanwa

Company,

Ltd.

557,985

4,900

Heiwa

Corporation

68,701

568

Heiwa

Real

Estate

REIT,

Inc.

742,589

5,900

Hikari

Tsushin,

Inc.

1,237,318

9,200

Hitachi,

Ltd.

378,997

14,900

Hogy

Medical

Company,

Ltd.

454,786

81,200

Hokuetsu

Corporation

345,519

7,300

Hokuto

Corporation

150,620

39,900

Honda

Motor

Company,

Ltd.

1,053,628

1,000

Horiba,

Ltd.

65,468

36

Hoshino

Resorts

REIT,

Inc.

176,170

12,300

Hoya

Corporation

1,573,833

297

Ichigo

Real

Estate

Investment

Corporation

227,447

7,900

IDOM,

Inc.

46,116

16,500

INES

Corporation

224,474

9,400

Internet

Initiative

Japan

Inc.

192,659

19,200

ITOCHU

Corporation

549,869

20,100

ITOCHU

Techno-Solutions

Corporation

708,608

Shares

Common

Stock

(92.4%)

Value

Japan

(20.3%)

-

continued

1,800

Itoham

Yonekyu

Holdings,

Inc.

$

12,180

8,400

Izumi

Company,

Ltd.

301,874

8,400

JAC

Recruitment

Company,

Ltd.

149,295

6,100

JAFCO

Company,

Ltd.

329,891

6,000

Japan

Aviation

Electronics

Industry,

Ltd.

93,125

13,700

Japan

Exchange

Group,

Inc.

319,833

1,052

Japan

Hotel

REIT

Investment

Corporation

529,919

17,800

Japan

Investment

Adviser

Company,

Ltd.

188,471

8,800

Japan

Lifeline

Company,

Ltd.

126,969

106

Japan

Logistics

Fund,

Inc.

317,071

23,700

Japan

Material

Company,

Ltd.

330,877

145,200

Japan

Post

Bank

Company,

Ltd.

1,255,543

119,800

Japan

Post

Holdings

Company,

Ltd.

952,718

8

Japan

Prime

Realty

Investment

Corporation

28,225

71,400

Japan

Tobacco,

Inc.

1,418,311

26,300

JGC

Corporation

297,976

3,100

JSP

Corporation

50,149

30,100

Kamigumi

Company,

Ltd.

530,995

300

Kanamoto

Company,

Ltd.

6,416

154,156

Kandenko

Company,

Ltd.

1,328,781

2,200

Kaneka

Corporation

79,009

3,700

Kanematsu

Corporation

46,535

2,800

Kanematsu

Electronics,

Ltd.

103,781

21,900

Kansai

Electric

Power

Company,

Inc.

214,716

25,971

Kao

Corporation

1,884,373

200

Kato

Sangyo

Company,

Ltd.

6,600

55,200

KDDI

Corporation

1,622,479

129

Kenedix

Retail

REIT

Corporation

312,222

8,900

Keyence

Corporation

4,778,242

1,300

Kintetsu

World

Express,

Inc.

31,870

23,400

Kirin

Holdings

Company,

Ltd.

502,960

3,800

KLab,

Inc.

a

33,084

3,300

KOA

Corporation

50,230

3,000

Kobayashi

Pharmaceutical

Company,

Ltd.

337,827

23,100

Kohnan

Shoji

Company,

Ltd.

628,148

12,900

Kokuyo

Company,

Ltd.

167,903

10,200

KOMERI

Company,

Ltd.

270,858

32,300

Konoike

Transport

Company,

Ltd.

317,116

29,700

Koshidaka

Holdings

Company,

Ltd.

118,855

28,400

K's

Holdings

Corporation

384,020

4,600

Kubota

Corporation

101,067

1,900

Kura

Sushi,

Inc.

115,334

2,100

Kurabo

Industries,

Ltd.

36,140

6,800

Kureha

Corporation

421,195

4,400

Kyoei

Steel,

Ltd.

56,656

3,000

Kyokuto

Kaihatsu

Kogyo

Company,

Ltd.

41,229

2,200

Lasertec

Corporation

294,686

24,500

Lintec

Corporation

554,938

26,200

M3,

Inc.

2,205,377

4,800

Mabuchi

Motor

Company,

Ltd.

197,937

21,500

Macnica

Fuji

Electronics

Holdings,

Inc.

450,558

191,200

Marubeni

Corporation

1,270,392

10,100

Matsui

Securities

Company,

Ltd.

78,541

3,300

Matsumotokiyoshi

Holdings

Company,

Ltd.

130,878

12,300

Maxell

Holdings,

Ltd.

a

161,605

6,300

MCJ

Company,

Ltd.

60,354

International

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

95

Shares

Common

Stock

(92.4%)

Value

Japan

(20.3%)

-

continued

23,600

Mebuki

Financial

Group,

Inc.

$

45,692

5,800

Medipal

Holdings

Corporation

118,754

5,100

MegaChips

Corporation

151,244

2,600

Meidensha

Corporation

60,409

7,200

MEITEC

Corporation

377,361

103,500

Mitsubishi

Corporation

2,621,874

42,800

Mitsubishi

Electric

Corporation

652,906

34,100

Mitsubishi

Estate

Company,

Ltd.

539,462

17,800

Mitsubishi

Materials

Corporation

378,209

4,200

Mitsubishi

Research

Institute,

Inc.

169,040

6,400

Mitsubishi

Shokuhin

Company,

Ltd.

173,232

622,800

Mitsubishi

UFJ

Financial

Group,

Inc.

2,812,428

13,200

Mitsubishi

UFJ

Lease

&

Finance

Company,

Ltd.

64,590

169,600

Mitsui

&

Company,

Ltd.

3,146,857

16,600

Mitsui

Fudosan

Company,

Ltd.

336,941

7,600

Mitsui

Mining

and

Smelting

Company,

Ltd.

264,678

3,300

Mitsui

Sugar

Company,

Ltd.

58,568

28,200

Mixi,

Inc.

661,141

20,300

Mizuho

Financial

Group,

Inc.

267,602

5,400

Modec,

Inc.

100,806

4,900

MonotaRO

Company,

Ltd.

245,532

40

Mori

Hills

REIT

Investment

Corporation

55,760

219

Mori

Trust

Sogo

REIT,

Inc.

289,630

16,500

MS

and

AD

Insurance

Group

Holdings,

Inc.

474,728

17,800

Murata

Manufacturing

Company,

Ltd.

1,709,655

12,000

Nagase

&

Company,

Ltd.

172,087

7,500

NEC

Corporation

408,066

66,400

NEC

Networks

&

System

Integration

Corporation

1,175,745

13,500

NEXON

Company,

Ltd.

409,636

23,700

Nidec

Corporation

3,153,954

3,800

Nihon

Chouzai

Company,

Ltd.

54,434

2,000

Nihon

Kohden

Corporation

59,596

3,900

Nihon

M&A

Center,

Inc.

225,845

1,300

Nihon

Parkerizing

Company,

Ltd.

12,622

15,200

Nihon

Unisys,

Ltd.

576,808

25,200

Nikkon

Holdings

Company,

Ltd.

508,544

3,600

Nintendo

Company,

Ltd.

2,072,288

7,800

Nippn

Corporation

122,799

79

Nippon

Building

Fund,

Inc.

477,164

50,300

Nippon

Electric

Glass

Company,

Ltd.

1,105,076

91,240

Nippon

Light

Metal

Holdings

Company,

Ltd.

1,647,375

46

Nippon

REIT

Investment

Corporation

163,527

29,300

Nippon

Steel

Trading

Corporation

1,005,149

100

Nippon

Suisan

Kaisha,

Ltd.

418

80,400

Nippon

Telegraph

&

Telephone

Corporation

2,009,502

6,800

Nipro

Corporation

80,184

3,000

Nishio

Rent

All

Company,

Ltd.

62,517

4,000

Nissan

Chemical

Industries,

Ltd.

227,836

76,278

Nissan

Motor

Company,

Ltd.

a

393,267

4,700

Nissha

Company,

Ltd.

60,540

17,400

Nisshin

Oillio

Group,

Ltd.

506,760

2,700

Nitori

Holdings

Company,

Ltd.

535,850

9,600

Noevir

Holdings

Company,

Ltd.

422,301

4,400

Nojima

Corporation

112,368

Shares

Common

Stock

(92.4%)

Value

Japan

(20.3%)

-

continued

361

Nomura

Real

Estate

Master

Fund,

Inc.

$

549,649

9,200

Nomura

Research

Institute,

Ltd.

309,896

9,100

NS

Solutions

Corporation

292,337

56,100

NSD

Company,

Ltd.

1,073,874

3,000

OBIC

Company,

Ltd.

561,312

3,438

Okinawa

Electric

Power

Company,

Inc.

46,300

8,000

Okuwa

Company,

Ltd.

96,736

34,900

Olympus

Corporation

631,019

51

One

REIT,

Inc.

132,901

9,800

Ono

Pharmaceutical

Company,

Ltd.

292,521

161,500

Onward

Holdings

Company,

Ltd.

377,700

26,600

Open

House

Company,

Ltd.

1,070,731

8,100

Oracle

Corporation

Japan

954,326

6,000

Oriental

Land

Company,

Ltd.

939,068

90,500

ORIX

Corporation

1,452,153

3,600

Osaka

Soda

Company,

Ltd.

87,244

2,800

Otsuka

Corporation

140,983

25,500

OUTSOURCING

Inc.

319,657

5,000

Paramount

Bed

Holdings

Company,

Ltd.

218,978

15,900

Pasona

Group,

Inc.

285,681

9,500

Prima

Meat

Packers,

Ltd.

296,645

5,000

Proto

Corporation

49,126

5,000

Rakus

Company,

Ltd.

90,570

42,516

Recruit

Holdings

Company,

Ltd.

1,849,337

3,900

Ricoh

Leasing

Company,

Ltd.

114,895

9,100

Rinnai

Corporation

950,480

97,200

Riso

Kyoiku

Corporation,

Ltd.

295,733

1,900

Rohm

Company,

Ltd.

192,779

1,600

Ryosan

Company,

Ltd.

35,556

3,400

Saint

Marc

Holdings

Company,

Ltd.

47,165

7,400

Sangetsu

Company,

Ltd.

110,508

3,400

Sankyo

Company,

Ltd.

97,114

8,200

Sankyu

Inc.

308,743

38,400

Santen

Pharmaceutical

Company,

Ltd.

635,091

29,800

Sanyo

Special

Steel

Company,

Ltd.

a

416,113

2,800

Sapporo

Holdings,

Ltd.

54,323

14,100

Sawai

Pharmaceutical

Company,

Ltd.

644,555

8,000

SBS

Holdings,

Inc.

183,590

4,000

SCREEN

Holdings

Company,

Ltd.

308,514

3,700

Secom

Company,

Ltd.

335,254

9,200

Seiko

Holdings

Corporation

123,654

64,200

Seino

Holdings

Company,

Ltd.

831,695

221

Sekisui

House

REIT,

Inc.

159,945

36,000

Sekisui

House,

Ltd.

695,537

87,600

Senko

Group

Holdings

Company,

Ltd.

813,981

34,600

Seven

&

I

Holdings

Company,

Ltd.

1,321,306

24,800

SG

Holdings

Company,

Ltd.

635,690

2,100

Shimano,

Inc.

492,393

12,900

Shin-Etsu

Chemical

Company,

Ltd.

2,245,615

2,700

Shin-Etsu

Polymer

Company,

Ltd.

25,129

34,800

Shinko

Electric

Industries

Company,

Ltd.

874,793

6,100

Shionogi

&

Company,

Ltd.

331,169

12,191

Shiseido

Company,

Ltd.

791,434

14,600

SHO-BOND

Holdings

Company,

Ltd.

635,291

98,500

SKY

Perfect

JSAT

Holdings,

Inc.

432,611

1,700

SMC

Corporation

1,028,777

142,900

SoftBank

Corporation

1,877,200

International

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

96

Shares

Common

Stock

(92.4%)

Value

Japan

(20.3%)

-

continued

42,200

SoftBank

Group

Corporation

$

3,269,360

257,600

Sojitz

Corporation

596,325

39,700

Sony

Corporation

3,799,793

256

Star

Asia

Investment

Corporation

REIT

117,508

2,500

Sugi

Holdings

Company,

Ltd.

164,292

100,700

Sumitomo

Corporation

1,336,747

175,900

Sumitomo

Electric

Industries,

Ltd.

2,348,005

61,500

Sumitomo

Mitsui

Financial

Group,

Inc.

1,910,702

7,300

Sumitomo

Osaka

Cement

Company,

Ltd.

220,823

2,500

Sumitomo

Seika

Chemicals

Company,

Ltd.

102,676

7,876

Sundrug

Company,

Ltd.

312,473

5,000

Sysmex

Corporation

583,312

12,900

Taiho

Kogyo

Company,

Ltd.

87,579

5,200

Taiko

Pharmaceutical

Company,

Ltd.

78,948

23,200

Taisei

Corporation

751,613

41,100

Takara

Leben

Company,

Ltd.

123,905

83,200

Takeda

Pharmaceutical

Company,

Ltd.

2,926,114

3,900

TDK

Corporation

630,599

19,500

Terumo

Corporation

757,881

5,200

TIS,

Inc.

115,631

3,100

Toa

Corporation

60,627

2,100

Toho

Holdings

Company,

Ltd.

39,547

33,700

Tokio

Marine

Holdings,

Inc.

1,655,374

6,300

Tokyo

Electron,

Ltd.

2,395,593

1,600

Tokyo

Gas

Company,

Ltd.

35,060

8,700

Tokyo

Ohka

Kogyo

Company,

Ltd.

584,600

13,500

Tokyo

Seimitsu

Company,

Ltd.

624,194

7,500

Tokyotokeiba

Company,

Ltd.

310,750

93

Tokyu

REIT,

Inc.

147,014

7,200

Topre

Corporation

99,741

10,600

Tosei

Corporation

104,753

11,200

Toshiba

Corporation

365,749

4,000

Tosho

Company,

Ltd.

58,974

15,700

Towa

Pharmaceutical

Company,

Ltd.

314,272

37,000

Toyo

Seikan

Group

Holdings,

Ltd.

396,522

12,600

Toyo

Tanso

Company,

Ltd.

232,149

70,500

Toyota

Motor

Corporation

4,944,577

17,900

Transcosmos,

Inc.

448,764

5,500

Trend

Micro,

Inc.

302,693

7,400

TS

Tech

Company,

Ltd.

214,229

36,600

Tsubakimoto

Chain

Company

941,187

7,600

Tsukui

Corporation

40,809

109,200

TV

Asahi

Holdings

Corporation

2,105,481

34,900

Ube

Industries,

Ltd.

662,978

3,700

ULVAC,

Inc.

167,207

12,100

Unicharm

Corporation

542,678

8,500

United

Super

Markets

Holdings,

Inc.

92,421

15,300

Universal

Entertainment

Corporation

a

350,587

53,400

Ushio,

Inc.

690,612

31,700

USS

Company,

Ltd.

624,224

2,400

V

Technology

Company,

Ltd.

141,393

18,400

Valor

Company,

Ltd.

435,357

13,000

Wakita

&

Company,

Ltd.

123,299

2,000

West

Holdings

Corporation

83,816

4,700

World

Holdings

Company,

Ltd.

85,104

6,500

Yamabiko

Corporation

79,589

6,400

Yaskawa

Electric

Corporation

328,246

Shares

Common

Stock

(92.4%)

Value

Japan

(20.3%)

-

continued

15,600

Yumeshin

Holdings

Company,

Ltd.

$

106,277

74,500

Z

Holdings

Corporation

462,819

Total

176,797,555

Jersey

(0.6%)

143,206

boohoo

group

plc

a

662,034

87,875

Experian

plc

3,071,450

542,071

Man

Group

plc

1,082,142

1,688

Polymetal

International

plc

36,458

Total

4,852,084

Luxembourg

(0.4%)

1,136

Allegro.eu

SA

a,b

22,415

24,742

APERAM

1,070,933

203,576

B&M

European

Value

Retail

SA

1,488,030

1,155

Eurofins

Scientific

SE

a

110,865

1,428

Reinet

Investments

SCA

25,008

61,094

Tenaris

SA

ADR

c

944,513

Total

3,661,764

Malaysia

(<0.1%)

5,000

AEON

Credit

Service

(M)

Berhad

13,341

65,336

Berjaya

Sports

Toto

Berhad

32,779

28,500

Bursa

Malaysia

Berhad

65,842

83,300

Mah

Sing

Group

Berhad

16,507

203,000

Serba

Dinamik

Holdings

Berhad

80,282

8,700

TIME

dotCom

Berhad

29,875

36,500

Yinson

Holdings

Berhad

46,819

Total

285,445

Malta

(0.1%)

2,792

Kambi

Group

plc

a

155,934

67,032

Kindred

Group

plc

SDR

a

803,783

Total

959,717

Mexico

(0.2%)

29,500

Alfa

SAB

de

CV

18,521

17,565

America

Movil

SAB

de

CV

ADR

232,034

1,025

Coca-Cola

FEMSA

SAB

de

CV

ADR

44,629

29,500

Controladora

Nemak,

SAB

de

CV

a

3,842

17,556

Corporacion

Inmobiliaria

Vesta,

SAB

de

CV

33,101

1,065

Fomento

Economico

Mexicano

SAB

de

CV

ADR

72,473

1,865

Grupo

Aeroportuario

del

Sureste,

SAB

de

CV

a

29,357

45,230

Grupo

Financiero

Banorte

SAB

de

CV

ADR

a

225,278

17,200

Grupo

Financiero

Inbursa,

SAB

de

CV

a

15,422

36,700

Grupo

Mexico,

SAB

de

CV

158,391

1,610

Industrias

Penoles,

SAB

de

CV

a

24,035

5,800

Megacable

Holdings

SAB

de

CV

21,042

162,700

Wal-Mart

de

Mexico,

SAB

de

CV

463,281

Total

1,341,406

Netherlands

(3.8%)

61,846

Aalberts

NV

2,791,944

3,816

ABN

AMRO

Group

NV

a,b

39,854

10,748

Airbus

Group

NV

a

1,080,792

2,669

Arcadis

NV

a

93,576

7,590

ASM

International

NV

1,944,314

17,670

ASML

Holding

NV

9,433,186

25,368

BE

Semiconductor

Industries

NV

1,744,140

International

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

97

Shares

Common

Stock

(92.4%)

Value

Netherlands

(3.8%)

-

continued

4,278

Brunel

International

NV

a

$

41,377

6,572

Euronext

NV

b

707,783

11,885

Ferrari

NV

2,473,135

32,972

Flow

Traders

b

1,263,614

1,103

IMCD

NV

136,887

45,230

ING

Groep

NV

a

402,156

9,222

Koninklijke

DSM

NV

1,612,126

37,390

Koninklijke

Philips

NV

a

2,038,095

33,891

NN

Group

NV

1,411,610

4,080

Prosus

NV

476,669

2,704

RHI

Magnesita

NV

143,370

24,910

Signify

NV

a,b

1,188,605

4,366

TKH

Group

NV

206,205

63,612

Unilever

NV

3,697,699

1,106

Van

Lanschot

Kempen

NV

a

27,510

1,880

Yandex

NV

a

118,294

Total

33,072,941

New

Zealand

(0.1%)

40,023

Spark

New

Zealand,

Ltd.

137,414

5,898

Xero,

Ltd.

a

581,831

124,621

Z

Energy,

Ltd.

a

263,139

Total

982,384

Norway

(1.2%)

10,726

Atea

ASA

163,198

254,552

DnB

ASA

a

4,955,740

115,277

Elkem

ASA

b

350,212

50,200

Equinor

ASA

899,644

97,048

Europris

ASA

b

537,380

9,414

Kongsberg

Gruppen

ASA

182,099

70,709

Orkla

ASA

687,340

34,193

Scatec

ASA

b

1,293,835

19,988

SpareBank

1

SMN

232,678

4,009

Tomra

Systems

ASA

183,478

12,792

Veidekke

ASA

153,821

15,242

Wallenius

Wilhelmsen

ASA

a

37,637

16,603

Yara

International

ASA

772,044

Total

10,449,106

Peru

(<0.1%)

7,621

Cia

de

Minas

Buenaventura

SA

ADR

a

77,582

Total

77,582

Philippines

(<0.1%)

1,565

Globe

Telecom,

Inc.

63,093

22,930

Jollibee

Foods

Corporation

84,546

9,330

Manila

Electric

Company

50,550

79,610

Puregold

Price

Club,

Inc.

59,490

Total

257,679

Poland

(0.1%)

16,868

Asseco

Poland

SA

307,050

376

Bank

Handlowy

w

Warszawie

SA

a

3,903

2,644

Bank

Pekao

SA

a

45,001

1,988

CD

Projekt

SA

a

162,120

8,095

Cyfrowy

Polsat

SA

66,288

577

KGHM

Polska

Miedz

SA

a

29,042

202

mBank

SA

a

10,563

12,106

Powszechna

Kasa

Oszczednosci

Bank

Polski

SA

a

93,471

Shares

Common

Stock

(92.4%)

Value

Poland

(0.1%)

-

continued

348

Santander

Bank

Polska

SA

a

$

16,840

Total

734,278

Portugal

(<0.1%)

52,912

EDP

-

Energias

de

Portugal

SA

332,101

Total

332,101

Russian

Federation

(0.3%)

54,220

Alrosa

PJSC

71,209

45,337

Gazprom

PJSC

ADR

252,025

3,554

Lukoil

ADR

251,533

11,180

M.Video

PJSC

105,511

3,253

Magnit

OJSC

GDR

48,366

4,537

Mechel

PJSC

ADR

a

7,804

595

MMC

Norilsk

Nickel

PJSC

ADR

19,103

10,231

Mobile

TeleSystems

PJSC

ADR

92,079

548

Novatek

PJSC

GDR

91,444

1,053

Novolipetsk

Steel

OJSC

GDR

29,289

125

PAO

Transneft

236,186

21,250

PJSC

Rostelecom

28,320

44,598

Rosneft

Oil

Company

PJSC

GDR

275,212

223,920

Sberbank

of

Russia

PJSC

759,625

9,279

Severstal

PJSC

153,994

378,100

Surgutneftegas

PJSC

199,350

35,237

Surgutneftegas

PJSC

ADR

153,694

Total

2,774,744

Saudi

Arabia

(0.3%)

4,098

Advanced

Petrochemical

Company

69,707

13,050

Al

Rajhi

Bank

253,552

5,146

Arab

National

Bank

27,844

6,099

Arabian

Cement

Company

73,744

8,036

Arriyadh

Development

Company

38,865

6,249

Banque

Saudi

Fransi

55,960

5,894

Eastern

Province

Cement

Company

71,025

4,315

Jarir

Marketing

Company

201,099

1,502

National

Medical

Care

Company

21,017

2,360

Qassim

Cement

Company

56,726

36,782

Riyad

Bank

208,872

18,287

Sahara

International

Petrochemical

Company

89,449

1,957

Saudi

Arabian

Mining

Company

a

21,845

39,671

Saudi

Arabian

Oil

Company

b

367,290

15,987

Saudi

Basic

Industries

Corporation

436,565

6,269

Saudi

Industrial

Investment

Group

Company

42,970

2,433

Saudi

Telecom

Company

73,309

3,205

Southern

Province

Cement

Company

76,051

26,802

The

National

Commercial

Bank

308,071

19,600

The

Saudi

British

Bank

139,806

1,494

United

International

Transportation

Company

15,554

Total

2,649,321

Singapore

(0.8%)

26,500

AEM

Holdings,

Ltd.

79,209

588,200

Ascendas

REIT

1,357,172

1,813

China

Yuchai

International,

Ltd.

28,953

213,400

DBS

Group

Holdings,

Ltd.

4,024,137

61,500

Parkway

Life

REIT

a

191,845

56,700

Sheng

Siong

Group,

Ltd.

68,954

44,500

Singapore

Exchange,

Ltd.

330,592

954,200

Yangzijiang

Shipbuilding

Holdings,

Ltd.

704,685

International

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

98

Shares

Common

Stock

(92.4%)

Value

Singapore

(0.8%)

-

continued

275,800

Yanlord

Land

Group,

Ltd.

$

227,408

Total

7,012,955

South

Africa

(0.4%)

31,839

AECI,

Ltd.

191,581

2,251

African

Rainbow

Minerals,

Ltd.

40,820

1,172

Anglo

American

Platinum,

Ltd.

116,597

3,051

AngloGold

Ashanti,

Ltd.

ADR

71,576

3,798

Aspen

Pharmacare

Holdings,

Ltd.

a

35,854

19,914

Barloworld,

Ltd.

a

123,942

587

Capitec

Bank

Holdings,

Ltd.

a

53,732

2,701

Clicks

Group,

Ltd.

44,377

30,875

DataTec,

Ltd.

a

50,421

31,760

FirstRand,

Ltd.

99,750

7,193

Gold

Fields,

Ltd.

ADR

67,111

7,642

Harmony

Gold

Mining

Company,

Ltd.

ADR

a

34,007

6,723

Impala

Platinum

Holdings,

Ltd.

90,791

17,165

Investec

plc

44,429

15,375

Investec,

Ltd.

38,900

2,971

Kumba

Iron

Ore,

Ltd.

119,473

74,736

Momentum

Metropolitan

Holdings

81,382

5,732

Motus

Holdings,

Ltd.

a

23,334

9,236

Mr

Price

Group,

Ltd.

104,947

15,054

MTN

Group,

Ltd.

62,106

7,592

MultiChoice

Group,

Ltd.

64,653

5,694

Naspers,

Ltd.

1,317,189

43,268

Ninety

One,

Ltd.

132,421

2,282

Northam

Platinum,

Ltd.

a

28,350

5,334

Pick

n

Pay

Stores,

Ltd.

18,766

5,669

Sasol,

Ltd.

a

61,108

6,453

Shoprite

Holdings,

Ltd.

59,640

32,032

Sibanye

Stillwater,

Ltd.

121,599

4,652

Spar

Group,

Ltd.

59,687

11,185

Standard

Bank

Group

92,726

1,806

Tiger

Brands,

Ltd.

23,793

Total

3,475,062

South

Korea

(1.4%)

767

Binggrae

Company,

Ltd.

a

38,295

9,113

Cheil

Worldwide,

Inc.

156,866

2,445

Chong

Kun

Dang

Pharmaceutical

Corporation

a

400,011

1,681

Daou

Technology,

Inc.

a

39,862

4,874

DongKook

Pharmaceutical

Company,

Ltd.

a

135,288

1,364

Green

Cross

Holdings

Corporation

a

53,310

3,782

Hancom,

Inc.

a

57,708

1,582

Hansol

Chemical

Company,

Ltd.

a

271,473

1,102

Hanwha

Aerospace

Company,

Ltd.

a

40,042

1,829

Hanwha

Investment

&

Securities

Corporation,

Ltd.

a

4,270

144,006

Hanwha

Life

Insurance

Corporation,

Ltd.

a

342,826

510

Hyundai

Glovis

Company,

Ltd.

86,487

399

Hyundai

Motor

Company

81,353

3,084

Hyundai

Steel

Company

106,701

12,463

JB

Financial

Group

Corporation,

Ltd.

a

57,700

583

KEPCO

Plant

Service

&

Engineering

Company,

Ltd.

a

14,107

11,406

Kia

Motors

Corporation

835,925

799

Korea

Zinc

Company,

Ltd.

a

288,299

798

LG

Chem,

Ltd.

650,891

610

LG

Electronics,

Inc.

83,279

Shares

Common

Stock

(92.4%)

Value

South

Korea

(1.4%)

-

continued

7,468

LG

International

Corporation

$

175,872

3,445

LS

Electric

Company,

Ltd.

a

188,424

1,289

Meritz

Fire

&

Marine

Insurance

Company,

Ltd.

a

18,216

10,846

Mirae

Asset

Daewoo

Company,

Ltd.

a

91,858

792

NCSoft

Corporation

a

671,022

5,438

Poongsan

Corporation

a

138,089

2,010

POSCO

441,207

1,337

Samsung

Electro-Mechanics

Company,

Ltd.

243,185

62,445

Samsung

Electronics

Company,

Ltd.

4,565,168

11,649

Samsung

Securities

Corporation,

Ltd.

392,826

3,305

Sillicon

Works

Company,

Ltd.

200,521

1,452

SK

Holdings

Company,

Ltd.

403,483

9,884

SK

Hynix,

Inc.

1,079,140

166

Taekwang

Industrial

Corporation,

Ltd.

a

124,346

Total

12,478,050

Spain

(2.0%)

105,255

Acerinox

SA

1,168,691

62,464

Applus

Services

SA

a

624,748

542,115

Banco

Bilbao

Vizcaya

Argentaria

SA

2,473,514

322,705

Banco

Santander

SA

a

941,944

114,945

Bankinter

SA

645,177

88,869

CIA

De

Distribucion

Integral

1,671,841

71,443

Enagas

SA

1,573,929

17,664

Endesa

SA

451,442

2,633

Gestamp

Automocion

SA

a,b

12,198

22,975

Grifols

SA

676,330

171,876

Iberdrola

SA

2,327,059

171,876

Iberdrola

SA,

Rights

a,d

32,911

66,527

Industria

de

Diseno

Textil

SA

1,973,069

4,443

Let's

GOWEX

SA

a,d,e

1

171,396

Liberbank

SA

a

43,888

322,190

Mediaset

Espana

Comunicacion

SA

a

1,656,201

5,627

Pharma

Mar

SA

715,211

4,614

Repsol

SA

45,326

6,252

Solaria

Energia

y

Medio

Ambiente

SA

a

160,870

67,593

Unicaja

Banco

SA

a,b

46,575

2,116

Viscofan

SA

149,450

Total

17,390,375

Sweden

(3.6%)

6,193

AAK

AB

121,047

42,840

AB

Industrivarden,

Class

C

a

1,362,447

1,475

AF

Poyry

AB

a

40,349

98,608

Arjo

AB

732,807

97,481

Assa

Abloy

AB

2,410,879

6,448

Atlas

Copco

AB

301,895

17,549

Atlas

Copco

AB,

Class

A

952,092

6,985

Atrium

Ljungberg

AB

134,366

6,170

Axfood

AB

148,282

2,202

Beijer

Ref

AB

91,344

99,952

Betsson

AB

939,308

33,711

Bilia

AB

a

418,005

30,658

Biotage

AB

a

517,308

3,888

Boozt

AB

a,b

77,419

960

Bravida

Holding

AB

b

11,557

International

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

99

Shares

Common

Stock

(92.4%)

Value

Sweden

(3.6%)

-

continued

29,818

Castellum

AB

$

715,374

58,787

Cloetta

AB

168,354

5,123

Coor

Service

Management

Holding

AB

a,b

35,008

61,635

Dometic

Group

AB

a,b

850,663

38,013

Dustin

Group

AB

b

360,357

7,006

Epiroc

AB,

Class

B

120,253

28,654

EQT

AB

893,171

15,949

Evolution

Gaming

Group

AB

b

1,552,045

29,893

Fabege

AB

445,453

3,275

Fastighets

AB

Balder

a

163,666

5,347

Fortnox

AB

262,349

12,136

Getinge

AB

313,039

39,920

Granges

AB

a

458,322

146,824

Hexpol

AB

1,604,634

40,755

Holmen

AB

1,865,740

64,117

Husqvarna

AB

793,293

30,262

Indutrade

AB

a

620,205

42,213

Inwido

AB

a

575,019

34,955

Kinnevik

AB

1,714,872

98,614

Kungsleden

AB

1,008,351

1,513

L

E

Lundbergforetagen

AB

a

79,467

40,720

LeoVegas

AB

b

166,171

11,523

Lifco

AB

1,057,798

30,386

Lindab

International

AB

648,129

2,298

Loomis

AB

58,960

6,060

Lundin

Energy

AB

164,608

1,179

NCC

AB

19,746

16,464

NIBE

Industrier

AB

549,558

41,936

Nobia

AB

a

326,171

53,166

Nobina

AB

a,b

423,151

9,482

Nolato

AB

a

877,605

1,986

Nordic

Entertainment

Group

AB

a

103,955

30,120

Resurs

Holding

AB

a,b

163,234

86,124

Svenska

Handelsbanken

AB

a

858,570

41,694

Swedbank

AB

784,505

13,631

Swedish

Match

AB

1,051,124

25,405

Thule

Group

AB

a,b

942,066

1,669

Vitrolife

AB

a

44,110

2,019

Wihlborgs

Fastigheter

AB

41,462

Total

31,139,663

Switzerland

(7.5%)

3,357

ALSO

Holding

AG

901,113

1,195

Ascom

Holding

AG

a

20,439

2,541

Bachem

Holding

AG

1,015,041

14,723

Baloise

Holding

AG

2,465,537

727

BKW

FMB

Energie

83,043

311

Bucher

Industries

AG

147,151

2,137

EMS-CHEMIE

Holding

AG

2,015,619

102,625

Ferrexpo

plc

395,706

99

Forbo

Holding

AG

168,563

14,424

Galenica

AG

b

952,778

1,349

Geberit

AG

825,678

241

Givaudan

SA

970,934

143

Gurit

Holding

AG

420,251

8,210

Huber

&

Suhner

AG

676,257

157

Interroll

Holding

AG

516,890

9,636

Kuehne

&

Nagel

International

AG

2,192,730

196

Lindt

&

Spruengli

AG

1,698,174

83

Logitech

International

SA

8,620

2,464

Lonza

Group

AG

1,573,756

114,332

Nestle

SA

12,816,227

98,737

Novartis

AG

8,940,160

1,561

Partners

Group

Holding

AG

1,843,216

Shares

Common

Stock

(92.4%)

Value

Switzerland

(7.5%)

-

continued

21,736

PSP

Swiss

Property

AG

$

2,780,876

21,880

Roche

Holding

AG

7,551,052

803

Siegfried

Holding

AG

580,820

16,757

Sika

AG

4,559,779

5,089

Sonova

Holding

AG

a

1,227,666

6,723

Swiss

Life

Holding

AG

3,065,388

9,055

Tecan

Group

AG

4,381,141

6,468

UBS

Group

AG

93,228

181

Zehnder

Group

AG

13,239

Total

64,901,072

Taiwan

(1.5%)

46,000

BES

Engineering

Corporation

13,662

108,000

Capital

Securities

Corporation

51,558

1,630,000

China

Development

Financial

Holding

Corporation

518,518

456,000

CTBC

Financial

Holding

Company,

Ltd.

308,921

97,000

Delta

Electronics,

Inc.

976,360

18,000

Feng

Hsin

Iron

&

Steel

Company,

Ltd.

40,431

427,000

Fubon

Financial

Holding

Company,

Ltd.

693,320

8,000

Greatek

Electronics,

Inc.

18,106

2,000

Highwealth

Construction

Corporation

3,038

8,000

Hon

Hai

Precision

Industry

Company,

Ltd.

31,817

34,000

Huaku

Development

Company,

Ltd.

104,375

234,534

IBF

Financial

Holdings

Company,

Ltd.

105,386

7,000

King's

Town

Bank

Company,

Ltd.

9,473

48,000

Makalot

Industrial

Company,

Ltd.

321,295

3,602

Makalot

Industrial

Compnay,

Ltd.,

Rights

a,d

6,296

1,000

MediaTek,

Inc.

31,234

25,000

Namchow

Holdings

Company,

Ltd.

39,732

48,000

Nantex

Industry

Company,

Ltd.

98,138

16,000

President

Securities

Corporation

11,396

58,000

SerComm

Corporation

151,863

198,000

Shinkong

Synthetic

Fibers

Corporation

88,841

129,758

Sigurd

Microelectronics

Corporation

225,151

31,000

Sinbon

Electronics

Company,

Ltd.

276,991

8,000

Sitronix

Technology

Corporation

45,710

47,000

Sunonwealth

Electric

Machine

Industry

Company,

Ltd.

87,585

35,000

Syncmold

Enterprise

Corporation

101,135

35,000

Systex

Corporation

104,787

345,145

Taichung

Commercial

Bank

Company,

Ltd.

131,144

333,620

Taiwan

Semiconductor

Manufacturing

Company,

Ltd.

7,050,523

71,000

Topco

Scientific

Company,

Ltd.

299,786

16,000

Transcend

Information,

Inc.

35,178

39,000

Tung

Ho

Steel

Enterprise

Corporation

43,672

432,000

United

Microelectronics

Corporation

774,042

48,000

USI

Corporation

34,400

5,000

Wah

Lee

Industrial

Corporation

13,394

50,000

YFY,

Inc.

41,747

Total

12,889,005

International

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

100

Shares

Common

Stock

(92.4%)

Value

Thailand

(0.1%)

16,400

Advanced

Info

Service

Public

Company,

Ltd.

NVDR

$

94,062

41,800

Bangkok

Bank

Public

Company,

Ltd.

NVDR

157,850

57,000

Com7

Public

Company,

Ltd.

NVDR

82,085

86,000

Intouch

Holdings

Public

Company,

Ltd.

NVDR

160,510

82,300

Kasikornbank

pcl

NVDR

347,481

113,500

Ratchthani

Leasing

Public

Company,

Ltd.

NVDR

15,056

147,300

Thai

Vegetable

Oil

Public

Company,

Ltd.

NVDR

160,723

Total

1,017,767

Turkey

(0.1%)

14,068

Anadolu

Efes

Biracilik

ve

Malt

Sanayii

AS

47,596

5,202

Eregli

Demir

ve

Celik

Fabrikalari

TAS

10,165

2,935

Ford

Otomotiv

Sanayi

AS

57,523

50,548

Haci

Omer

Sabanci

Holding

AS

72,458

17,906

Koza

Anadolu

Metal

Madencilik

Isletmeleri

AS

a

37,645

5,396

Migros

Ticaret

AS

a

32,551

8,645

Selcuk

Ecza

Deposu

Ticaret

ve

Sanayi

AS

15,111

24,868

TAV

Havalimanlari

Holding

AS

72,323

2,332

Turkcell

Iletisim

Hizmetleri

AS

ADR

12,663

40,227

Turkiye

Garanti

Bankasi

AS

a

50,956

40,395

Turkiye

Is

Bankasi

AS

a

33,701

31,156

Turkiye

Sinai

Kalkinma

Bankasi

AS

a

7,695

5,038

Vestel

Elektronik

Sanayi

ve

Ticaret

AS

a

18,039

Total

468,426

United

Kingdom

(9.2%)

55,903

888

Holdings

Public

Company,

Ltd.

231,317

15,987

Anglo

American

plc

525,866

7,618

AstraZeneca

plc

777,118

110,464

Auto

Trader

Group

plc

a,b

851,627

249

Bank

of

Georgia

Group

plc

a

3,906

617,946

Barclays

plc

a

1,127,250

34,187

BHP

Group

plc

936,902

917

Big

Yellow

Group

plc

13,837

496,600

BP

plc

1,845,336

34,334

Brewin

Dolphin

Holdings

plc

138,130

101,221

British

American

Tobacco

plc

3,678,142

5,306

Bunzl

plc

170,320

4,075

Cairn

Energy

plc

10,053

41,710

Central

Asia

Metals

plc

124,988

3,166

CMC

Markets

plc

b

17,460

18,465

Computacenter

plc

591,108

27,272

Croda

International

plc

2,343,164

31,347

Dechra

Pharmaceuticals

plc

1,545,248

4,253

Derwent

London

plc

184,097

53,938

Diageo

plc

2,165,451

4,401

Diploma

plc

139,065

471,935

Direct

Line

Insurance

Group

plc

1,936,986

21,324

Diversified

Gas

&

Oil

plc

33,567

1,499

EMIS

Group

plc

23,701

2,601

Fevertree

Drinks

plc

86,991

8,121

Games

Workshop

Group

plc

1,145,951

254,115

GlaxoSmithKline

plc

4,719,229

80,729

Grainger

plc

293,527

345

Greggs

plc

a

9,775

Shares

Common

Stock

(92.4%)

Value

United

Kingdom

(9.2%)

-

continued

23,020

Halfords

Group

plc

a

$

85,948

110,894

Halma

plc

3,737,803

11,973

HomeServe

plc

170,683

2,469

Howden

Joinery

Group

plc

a

22,638

662,778

HSBC

Holdings

plc

a

3,468,045

95,850

IG

Group

Holdings

plc

982,273

57,261

IMI

plc

974,499

128,012

Inchcape

plc

a

1,160,217

14,594

InterContinental

Hotels

Group

plc

a

899,093

43,783

ITM

Power

plc

a

327,773

1,035,471

ITV

plc

a

1,496,858

74,805

JD

Sports

Fashion

plc

a

761,475

6,528

Jet2

plc

a

117,516

58,885

John

Wood

Group

plc

a

235,230

19,343

Just

Group

plc

a

20,176

22,521

Kainos

Group

plc

381,950

131,028

Legal

&

General

Group

plc

435,780

692,665

Lloyds

TSB

Group

plc

a

310,820

22,174

LondonMetric

Property

plc

69,016

31,046

Marshalls

plc

a

275,592

584,155

Moneysupermarket.com

Group

plc

2,130,692

1,714

Morgan

Sindall

Group

plc

34,706

162,917

National

Grid

plc

1,892,387

31,678

OSB

Group

plc

a

177,954

52,812

PageGroup

plc

a

324,409

152,365

Paragon

Banking

Group

plc

944,152

72,928

Playtech

plc

a

462,921

10,249

Provident

Financial

plc

a

34,288

46,486

Prudential

plc

743,746

10,052

Reckitt

Benckiser

Group

plc

852,189

135,587

RELX

plc

3,356,916

217,419

Rightmove

plc

a

1,779,741

42,313

Rio

Tinto

plc

3,210,153

286,337

Royal

Dutch

Shell

plc,

Class

A

5,298,444

314,947

Royal

Dutch

Shell

plc,

Class

B

5,489,031

54,045

Safestore

Holdings

plc

598,394

93,406

Sage

Group

plc

752,105

12,512

Savills

plc

a

179,685

11,227

Softcat

plc

231,177

3,178

Spectris

plc

131,666

11,055

Spirax-Sarco

Engineering

plc

1,671,404

146,286

Spirent

Communications

plc

476,099

39,985

SSE

plc

809,970

97,433

St.

James's

Place

plc

1,559,310

129,731

Tate

&

Lyle

plc

1,221,883

277,190

Tesco

plc

907,073

3,708

Ultra

Electronics

Holdings

plc

101,019

21,213

Unilever

plc

1,235,762

20,455

UNITE

Group

plc

a

268,277

2,572

Vesuvius

plc

17,493

654,004

Vodafone

Group

plc

1,116,870

Total

79,613,413

United

States

(0.1%)

14,138

Yum

China

Holding,

Inc.

801,766

Total

801,766

Total

Common

Stock

(cost

$682,408,610)

803,423,172

Shares

Preferred

Stock

(

0.3%

)

Brazil

(<0.1%)

8,600

Bradespar

SA

97,877

Total

97,877

International

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

101

Shares

Preferred

Stock

(0.3%)

Value

Germany

(0.2%)

4,237

Henkel

AG

&

Company

KGaA

$

438,833

1,625

Sixt

SE

110,105

4,249

Volkswagen

AG

803,275

Total

1,352,213

South

Korea

(0.1%)

487

LG

Chem,

Ltd.

202,995

16,198

Samsung

Electronics

Company,

Ltd.

1,056,391

Total

1,259,386

Total

Preferred

Stock

(cost

$1,743,597)

2,709,476

Shares

Collateral

Held

for

Securities

Loaned

(

0.2%

)

1,973,085

Thrivent

Cash

Management

Trust

1,973,085

Total

Collateral

Held

for

Securities

Loaned

(cost

$1,973,085)

1,973,085

Principal

Amount

Long-Term

Fixed

Income

(

<0.1%

)

Venezuela

(0.1%)

Petroleos

de

Venezuela

SA

$

5,360,000

6.000%, 

10/28/2022

f

134,000

3,250,000

6.000%, 

5/16/2024

f

121,875

637,000

6.000%, 

11/15/2026

f

23,888

680,000

5.375%, 

4/12/2027

f

25,500

70,000

5.500%, 

4/12/2037

f

2,625

Total

307,888

Total

Long-Term

Fixed

Income

(cost

$3,822,422)

307,888

Shares

or

Principal

Amount

Short-Term

Investments

(

7.1%

)

Federal

Home

Loan

Bank

Discount

Notes

200,000

0.050%,

 3/9/2021

g,h

199,990

500,000

0.077%,

 3/10/2021

g,h

499,974

300,000

0.060%,

 3/16/2021

g,h

299,982

1,900,000

0.080%,

 3/17/2021

g,h

1,899,884

1,600,000

0.063%,

 3/23/2021

g,h

1,599,889

1,700,000

0.090%,

 3/26/2021

g,h

1,699,875

1,500,000

0.035%,

 3/30/2021

g,h

1,499,881

200,000

0.080%,

 4/7/2021

g,h

199,975

1,400,000

0.080%,

 4/14/2021

g,h

1,399,804

1,000,000

0.114%,

 4/23/2021

g,h

999,843

1,200,000

0.040%,

 5/4/2021

g,h

1,199,785

Thrivent

Core

Short-Term

Reserve

Fund

5,029,975

0.200%

50,299,755

Total

Short-Term

Investments

(cost

$61,731,329)

61,798,637

Total

Investments

(cost

$751,679,043)

100.1%

$870,212,258

Other

Assets

and

Liabilities,

Net

(0.1%)

(791,550)

Total

Net

Assets

100.0%

$869,420,708

a

Non-income

producing

security.

b

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

January

29,

2021,

the

value

of

these

investments

was

$19,318,396

or

2.2%

of

total

net

assets.

c

All

or

a

portion

of

the

security

is

on

loan.

d

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

e

In

bankruptcy.  Interest

is

being

accrued

per

the

bankruptcy

agreement

terms.  

f

Defaulted

security.  Interest

is

not

being

accrued.

g

The

interest

rate

shown

reflects

the

yield,

coupon

rate

or

the

discount

rate

at

the

date

of

purchase.

h

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

International

Allocation

Fund

as

of

January

29,

2021:

Securities

Lending

Transactions

Common

Stock

$

1,862,250

Total

lending

$1,862,250

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$1,973,085

Net

amounts

due

to

counterparty

$110,835

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

GDR

-

Global

Depository

Receipts,

which

are

certificates

for

shares

of

an

underlying

foreign

security’s

shares

held

by

an

issuing

depository

bank

from

more

than

one

country.

NVDR

-

Non-Voting

Depository

Receipts

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

SDR

-

Swedish

Depository

Receipt

International

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

102

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

January

29,

2021,

in

valuing

International

Allocation

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

48,796,323

3,481,657

45,314,665

1

Consumer

Discretionary

106,551,637

10,458,670

96,086,671

6,296

Consumer

Staples

58,391,172

294,903

58,096,269

–

Energy

36,468,954

1,423,404

35,045,550

–

Financials

136,535,756

969,830

135,565,926

–

Health

Care

78,759,920

–

78,759,920

–

Industrials

123,963,746

114,328

123,849,418

–

Information

Technology

97,524,683

9,138,655

88,383,368

2,660

Materials

67,792,991

1,400,149

66,392,842

–

Real

Estate

28,611,409

–

28,611,409

–

Utilities

20,026,581

9,829

19,983,841

32,911

Preferred

Stock

Consumer

Discretionary

803,275

–

803,275

–

Consumer

Staples

438,833

–

438,833

–

Financials

97,877

–

97,877

–

Industrials

110,105

–

110,105

–

Information

Technology

1,056,391

–

1,056,391

–

Materials

202,995

–

202,995

–

Long-Term

Fixed

Income

Energy

307,888

–

307,888

–

Short-Term

Investments

11,498,882

–

11,498,882

–

Subtotal

Investments

in

Securities

$817,939,418

$27,291,425

$790,606,125

$41,868

Other

Investments  *

Total

Affiliated

Short-Term

Investments

50,299,755

Collateral

Held

for

Securities

Loaned

1,973,085

Subtotal

Other

Investments

$52,272,840

Total

Investments

at

Value

$870,212,258

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

this

table

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

383,768

383,768

–

–

Total

Asset

Derivatives

$383,768

$383,768

$–

$–

Liability

Derivatives

Futures

Contracts

1,804,729

1,804,729

–

–

Total

Liability

Derivatives

$1,804,729

$1,804,729

$–

$–

International

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

103

Reference

Description:

CME

-

Chicago

Mercantile

Exchange

EAFE

-

Europe,

Australasia

and

Far

East

ICE

-

Intercontinental

Exchange

MSCI

-

Morgan

Stanley

Capital

International

The

following

table

presents

International

Allocation

Fund's

futures

contracts

held

as

of

January

29,

2021.

Investments

and/or

cash

totaling

$11,498,882

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Principal

Amount

Value

and

Unrealized

CME

Euro

Foreign

Exchange

Currency

338

March

2021

$

51,389,305

(

$

85,130)

Eurex

Euro

STOXX

50

Index

1,183

March

2021

50,036,434

(

263,234)

ICE

mini

MSCI

EAFE

Index

339

March

2021

35,473,957

383,768

Total

Futures

Long

Contracts

$

136,899,696

$

35,404

ICE

US

mini

MSCI

Emerging

Markets

Index

(383)

March

2021

(

$

23,938,450)

(

$

1,456,365)

Total

Futures

Short

Contracts

(

$

23,938,450)

($1,456,365)

Total

Futures

Contracts

$

112,961,246

($1,420,961)

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

International

Allocation

Fund,

is

as

follows:

Fund

Value

10/31/2020

Gross

Purchases

Gross

Sales

Value

1/29/2021

Shares

Held

at

1/29/2021

%

of

Net

Assets

1/29/2021

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

$49,546

$54,632

$53,878

$50,300

5,030

5.8%

Total

Affiliated

Short-Term

Investments

49,546

50,300

5.8

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

1,557

6,199

5,783

1,973

1,973

0.2

Total

Collateral

Held

for

Securities

Loaned

1,557

1,973

0.2

Total

Value

$51,103

$52,273

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2020

-

1/29/2021

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

$–

$–

$–

$30

Total

Income/Non

Income

Cash

from

Affiliated

Investments

$30

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

–

0

9

Total

Affiliated

Income

from

Securities

Loaned,

Net

$9

Total

$–

$–

$0

Large

Cap

Growth

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

104

Shares

Common

Stock

(

98.6%

)

Value

Communications

Services

(15.3%)

248,129

Activision

Blizzard,

Inc.

$

22,579,739

57,914

Alphabet,

Inc.,

Class

A

a

105,829,727

153,647

Facebook,

Inc.

a

39,691,630

366,317

Live

Nation

Entertainment,

Inc.

a

24,341,765

642,323

Twitter,

Inc.

a

32,456,581

711,283

Uber

Technologies,

Inc.

a

36,225,643

Total

261,125,085

Consumer

Discretionary

(20.9%)

56,914

Amazon.com,

Inc.

a

182,477,667

183,315

Aptiv

plc

24,490,884

13,839

Booking

Holdings,

Inc.

a

26,907,583

35,876

Carvana

Company

a

9,370,452

22,037

Chipotle

Mexican

Grill,

Inc.

a

32,614,760

101,012

Home

Depot,

Inc.

27,356,070

68,139

Tesla,

Inc.

a

54,070,341

Total

357,287,757

Consumer

Staples

(0.5%)

190,522

BJ's

Wholesale

Club

Holdings,

Inc.

a

8,015,260

Total

8,015,260

Financials

(4.9%)

211,381

American

Express

Company

24,575,155

521,984

Charles

Schwab

Corporation

26,903,055

70,989

First

Republic

Bank

10,292,695

72,118

S&P

Global,

Inc.

22,861,406

Total

84,632,311

Health

Care

(14.3%)

66,508

Amgen,

Inc.

16,057,026

185,918

Cerner

Corporation

14,893,891

48,158

Dexcom

,

Inc.

a

18,052,026

216,115

Edwards

Lifesciences

Corporation

a

17,846,777

46,167

Humana,

Inc.

17,687,039

32,981

Intuitive

Surgical,

Inc.

a

24,657,915

187,423

Novo

Nordisk

AS

ADR

13,044,641

66,677

Stryker

Corporation

14,736,284

78,337

Teladoc

Health,

Inc.

a,b

20,667,651

48,749

Thermo

Fisher

Scientific,

Inc.

24,847,365

75,568

Veeva

Systems,

Inc.

a

20,890,018

85,479

Vertex

Pharmaceuticals,

Inc.

a

19,581,529

140,223

Zoetis,

Inc.

21,629,398

Total

244,591,560

Industrials

(2.9%)

87,741

Honeywell

International,

Inc.

17,141,959

53,679

Lockheed

Martin

Corporation

17,274,976

65,737

Norfolk

Southern

Corporation

15,554,689

Total

49,971,624

Information

Technology

(37.7%)

114,557

Adobe,

Inc.

a

52,555,315

1,040,099

Apple,

Inc.

137,251,464

175,839

MasterCard,

Inc.

55,616,117

476,040

Microsoft

Corporation

110,422,238

87,967

NVIDIA

Corporation

45,706,774

316,650

PayPal

Holdings,

Inc.

a

74,194,262

174,405

QUALCOMM,

Inc.

27,256,013

187,474

Salesforce.com,

Inc.

a

42,286,636

71,301

ServiceNow

,

Inc.

a

38,727,851

15,087

Shopify

Inc.

a

16,574,427

Shares

Common

Stock

(98.6%)

Value

Information

Technology

(37.7%)

-

continued

199,695

Square,

Inc.

a

$

43,126,132

Total

643,717,229

Materials

(0.9%)

78,480

Ecolab,

Inc.

16,049,945

Total

16,049,945

Real

Estate

(1.2%)

87,722

American

Tower

Corporation

19,944,474

Total

19,944,474

Total

Common

Stock

(cost

$921,646,493)

1,685,335,245

Shares

Collateral

Held

for

Securities

Loaned

(

0.5%

)

Value

9,281,450

Thrivent

Cash

Management

Trust

9,281,450

Total

Collateral

Held

for

Securities

Loaned

(cost

$9,281,450)

9,281,450

Shares

Short-Term

Investments

(

1.4%

)

Value

Thrivent

Core

Short-Term

Reserve

Fund

2,323,028

0.200%

23,230,276

Total

Short-Term

Investments

(cost

$23,208,671)

23,230,276

Total

Investments

(cost

$954,136,614)

100.5%

$1,717,846,971

Other

Assets

and

Liabilities,

Net

(0.5%)

(9,084,646)

Total

Net

Assets

100.0%

$1,708,762,325

a

Non-income

producing

security.

b

All

or

a

portion

of

the

security

is

on

loan.

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Large

Cap

Growth

Fund

as

of

January

29,

2021:

Securities

Lending

Transactions

Common

Stock

$

9,128,518

Total

lending

$9,128,518

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$9,281,450

Net

amounts

due

to

counterparty

$152,932

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

Large

Cap

Growth

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

105

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

January

29,

2021,

in

valuing

Large

Cap

Growth

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

261,125,085

261,125,085

–

–

Consumer

Discretionary

357,287,757

357,287,757

–

–

Consumer

Staples

8,015,260

8,015,260

–

–

Financials

84,632,311

84,632,311

–

–

Health

Care

244,591,560

244,591,560

–

–

Industrials

49,971,624

49,971,624

–

–

Information

Technology

643,717,229

643,717,229

–

–

Materials

16,049,945

16,049,945

–

–

Real

Estate

19,944,474

19,944,474

–

–

Subtotal

Investments

in

Securities

$1,685,335,245

$1,685,335,245

$–

$–

Other

Investments  *

Total

Affiliated

Short-Term

Investments

23,230,276

Collateral

Held

for

Securities

Loaned

9,281,450

Subtotal

Other

Investments

$32,511,726

Total

Investments

at

Value

$1,717,846,971

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

this

table

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Large

Cap

Growth

Fund,

is

as

follows:

Fund

Value

10/31/2020

Gross

Purchases

Gross

Sales

Value

1/29/2021

Shares

Held

at

1/29/2021

%

of

Net

Assets

1/29/2021

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

$24,892

$69,360

$71,022

$23,230

2,323

1.4%

Total

Affiliated

Short-Term

Investments

24,892

23,230

1.4

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

10,855

24,283

25,857

9,281

9,281

0.5

Total

Collateral

Held

for

Securities

Loaned

10,855

9,281

0.5

Total

Value

$35,747

$32,511

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2020

-

1/29/2021

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

$–

$–

$–

$15

Total

Income/Non

Income

Cash

from

Affiliated

Investments

$15

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

–

1

2

Total

Affiliated

Income

from

Securities

Loaned,

Net

$2

Total

$–

$–

$1

Large

Cap

Value

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

106

Shares

Common

Stock

(

98.3%

)

Value

Communications

Services

(7.9%)

9,751

Alphabet,

Inc.,

Class

C

a

$

17,900,301

664,220

Comcast

Corporation

32,925,385

340,728

Discovery,

Inc.,

Class

A

a,b

14,112,954

630,448

Verizon

Communications,

Inc.

34,517,028

Total

99,455,668

Consumer

Discretionary

(7.1%)

123,738

Aptiv

plc

16,531,397

7,501

AutoZone,

Inc.

a

8,388,893

139,317

D.R.

Horton,

Inc.

10,699,546

183,854

Lowe's

Companies,

Inc.

30,676,040

38,950

Mohawk

Industries,

Inc.

a

5,593,220

183,720

Sony

Corporation

ADR

17,583,841

Total

89,472,937

Consumer

Staples

(4.0%)

58,160

Kimberly-Clark

Corporation

7,682,936

59,233

Lamb

Weston

Holdings,

Inc.

4,424,705

276,793

Wal-Mart

Stores,

Inc.

38,886,649

Total

50,994,290

Energy

(5.5%)

460,632

BP

plc

ADR

10,235,243

137,679

Chevron

Corporation

11,730,251

549,784

Devon

Energy

Corporation

9,049,445

322,073

Enterprise

Products

Partners,

LP

6,515,537

102,700

Exxon

Mobil

Corporation

4,605,068

265,318

Halliburton

Company

4,677,556

257,310

Marathon

Petroleum

Corporation

11,105,499

98,591

Pioneer

Natural

Resources

Company

11,919,652

Total

69,838,251

Financials

(22.5%)

998,913

Bank

of

America

Corporation

29,617,770

220,539

Capital

One

Financial

Corporation

22,993,396

136,758

Charles

Schwab

Corporation

7,048,507

173,555

Chubb,

Ltd.

25,281,757

287,414

Citigroup,

Inc.

16,667,138

132,249

Comerica,

Inc.

7,564,643

135,652

Discover

Financial

Services

11,332,368

123,198

Equitable

Holdings,

Inc.

3,052,846

24,680

Goldman

Sachs

Group,

Inc.

6,692,476

304,695

J.P.

Morgan

Chase

&

Company

39,205,106

221,270

MetLife,

Inc.

10,654,150

354,950

Morgan

Stanley

23,799,398

143,290

Raymond

James

Financial,

Inc.

14,318,970

34,422

Torchmark

Corporation

3,111,405

287,630

Truist

Financial

Corporation

13,800,487

857,359

Wells

Fargo

&

Company

25,617,887

203,401

Zions

Bancorporations

NA

8,978,120

37,832

Zurich

Insurance

Group

AG

15,127,004

Total

284,863,428

Health

Care

(16.1%)

59,739

AbbVie,

Inc.

6,122,053

60,167

Anthem,

Inc.

17,868,396

22,790

Becton,

Dickinson

and

Company

5,966,194

39,779

Biogen,

Inc.

a

11,241,943

164,362

Centene

Corporation

a

9,911,029

90,486

Cigna

Holding

Company

19,639,986

159,391

CVS

Health

Corporation

11,420,365

232,052

GlaxoSmithKline

plc

ADR

8,643,937

87,410

HCA

Healthcare,

Inc.

14,202,377

Shares

Common

Stock

(98.3%)

Value

Health

Care

(16.1%)

-

continued

216,670

Johnson

&

Johnson

$

35,345,377

257,813

Medtronic

plc

28,702,321

379,502

Merck

&

Company,

Inc.

29,248,219

39,122

Zimmer

Biomet

Holdings,

Inc.

6,011,878

Total

204,324,075

Industrials

(12.9%)

25,230

Boeing

Company

4,899,414

88,098

Carlisle

Companies,

Inc.

12,768,043

106,920

CSX

Corporation

9,168,924

368,929

Delta

Air

Lines,

Inc.

14,004,545

91,420

General

Dynamics

Corporation

13,409,485

442,090

Johnson

Controls

International

plc

22,024,924

62,510

Kansas

City

Southern

12,668,902

75,027

L3Harris

Technologies,

Inc.

12,867,881

95,318

Otis

Worldwide

Corporation

6,162,309

68,050

Parker-Hannifin

Corporation

18,006,710

177,404

Raytheon

Technologies

Corporation

11,838,169

99,491

United

Parcel

Service,

Inc.

15,421,105

43,170

United

Rentals,

Inc.

a

10,490,742

Total

163,731,153

Information

Technology

(13.0%)

83,480

Apple,

Inc.

11,016,021

832,412

Cisco

Systems,

Inc.

37,108,927

162,399

Microsoft

Corporation

37,670,072

185,481

Oracle

Corporation

11,208,617

138,140

QUALCOMM,

Inc.

21,588,519

12,534

Samsung

Electronics

Company,

Ltd.

GDR

23,021,815

106,633

Texas

Instruments,

Inc.

17,668,022

39,366

VMware,

Inc.

a,b

5,426,603

Total

164,708,596

Materials

(4.4%)

388,926

Axalta

Coating

Systems,

Ltd.

a

10,497,113

391,520

CF

Industries

Holdings,

Inc.

16,201,097

89,259

Eastman

Chemical

Company

8,778,623

71,372

LyondellBasell

Industries

NV

6,120,863

20,177

Martin

Marietta

Materials,

Inc.

5,799,071

178,370

Nucor

Corporation

8,691,970

Total

56,088,737

Real

Estate

(2.3%)

188,182

American

Campus

Communities,

Inc.

7,745,571

45,969

AvalonBay

Communities,

Inc.

7,523,746

118,588

CBRE

Group,

Inc.

a

7,231,496

459,237

Host

Hotels

&

Resorts,

Inc.

6,222,662

Total

28,723,475

Utilities

(2.6%)

167,474

Duke

Energy

Corporation

15,742,556

97,586

Entergy

Corporation

9,302,873

177,453

Exelon

Corporation

7,374,947

Total

32,420,376

Total

Common

Stock

(cost

$900,732,627)

1,244,620,986

Large

Cap

Value

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

107

Shares

Collateral

Held

for

Securities

Loaned

(

1.6%

)

Value

20,433,375

Thrivent

Cash

Management

Trust

$

20,433,375

Total

Collateral

Held

for

Securities

Loaned

(cost

$20,433,375)

20,433,375

Shares

Short-Term

Investments

(

2.1%

)

Value

Thrivent

Core

Short-Term

Reserve

Fund

2,595,978

0.200%

25,959,776

Total

Short-Term

Investments

(cost

$25,936,948)

25,959,776

Total

Investments

(cost

$947,102,950)

102.0%

$1,291,014,137

Other

Assets

and

Liabilities,

Net

(2.0%)

(25,295,136)

Total

Net

Assets

100.0%

$1,265,719,001

a

Non-income

pro

ducing

security.

b

All

or

a

portion

of

the

security

is

on

loan.

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Large

Cap

Value

Fund

as

of

January

29,

2021:

Securities

Lending

Transactions

Common

Stock

$

20,044,721

Total

lending

$20,044,721

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$20,433,375

Net

amounts

due

to

counterparty

$388,654

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

GDR

-

Global

Depository

Receipts,

which

are

certificates

for

shares

of

an

underlying

foreign

security’s

shares

held

by

an

issuing

depository

bank

from

more

than

one

country.

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

January

29,

2021,

in

valuing

Large

Cap

Value

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

99,455,668

99,455,668

–

–

Consumer

Discretionary

89,472,937

89,472,937

–

–

Consumer

Staples

50,994,290

50,994,290

–

–

Energy

69,838,251

69,838,251

–

–

Financials

284,863,428

269,736,424

15,127,004

–

Health

Care

204,324,075

204,324,075

–

–

Industrials

163,731,153

163,731,153

–

–

Information

Technology

164,708,596

141,686,781

23,021,815

–

Materials

56,088,737

56,088,737

–

–

Real

Estate

28,723,475

28,723,475

–

–

Utilities

32,420,376

32,420,376

–

–

Subtotal

Investments

in

Securities

$1,244,620,986

$1,206,472,167

$38,148,819

$–

Other

Investments  *

Total

Affiliated

Short-Term

Investments

25,959,776

Collateral

Held

for

Securities

Loaned

20,433,375

Subtotal

Other

Investments

$46,393,151

Total

Investments

at

Value

$1,291,014,137

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

this

table

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Large

Cap

Value

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

108

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Large

Cap

Value

Fund,

is

as

follows:

Fund

Value

10/31/2020

Gross

Purchases

Gross

Sales

Value

1/29/2021

Shares

Held

at

1/29/2021

%

of

Net

Assets

1/29/2021

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

$17,758

$33,929

$25,727

$25,960

2,596

2.1%

Total

Affiliated

Short-Term

Investments

17,758

25,960

2.1

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

12,892

20,885

13,344

20,433

20,433

1.6

Total

Collateral

Held

for

Securities

Loaned

12,892

20,433

1.6

Total

Value

$30,650

$46,393

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2020

-

1/29/2021

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

$–

$–

$–

$12

Total

Income/Non

Income

Cash

from

Affiliated

Investments

$12

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

–

1

3

Total

Affiliated

Income

from

Securities

Loaned,

Net

$3

Total

$–

$–

$1

Limited

Maturity

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

109

Principal

Amount

Long-Term

Fixed

Income

(

95.2%

)

Value

Asset-Backed

Securities

(13.4%)

Aimco

CLO

11,

Ltd.

$

5,500,000

1.605%, 

(LIBOR

3M

+

1.380%),

10/15/2031,

Ser.

2020-11A,

Class

A1

a,b

$

5,508,965

Apidos

CLO

XXVI

2,750,000

1.573%, 

(LIBOR

3M

+

1.350%),

7/18/2029,

Ser.

2017-26A,

Class

A1B

a,b

2,750,847

Ares

XXXVII

CLO,

Ltd.

4,000,000

1.411%, 

(LIBOR

3M

+

1.170%),

10/15/2030,

Ser.

2015-4A,

Class

A1R

a,b

4,000,244

Arkansas

Student

Loan

Authority

4,044,816

1.107%, 

(LIBOR

3M

+

0.900%),

11/25/2043,

Ser.

2010-1A

b

4,068,033

Assurant

CLO

III,

Ltd.

4,700,000

1.454%, 

(LIBOR

3M

+

1.230%),

10/20/2031,

Ser.

2018-3A,

Class

A

a,b

4,700,728

Axis

Equipment

Finance

Receivables

Trust

1,472,257

2.630%, 

6/20/2024,

Ser.

2019-1A,

Class

A2

a

1,499,110

BCC

Funding

XVII,

LLC

4,000,000

0.910%, 

8/20/2025,

Ser.

2020-1,

Class

A2

a

4,015,164

Benefit

Street

Partners

CLO

IV,

Ltd.

7,900,000

1.474%, 

(LIBOR

3M

+

1.250%),

1/20/2029,

Ser.

2014-IVA,

Class

A1RR

a,b

7,901,762

5,500,000

1.418%, 

(LIBOR

3M

+

1.180%),

1/20/2032,

Ser.

2014-IVA,

Class

ARRR

a,b,c

5,500,594

BlueMountain

CLO,

Ltd.

4,261,495

1.454%, 

(LIBOR

3M

+

1.230%),

1/20/2029,

Ser.

2013-1A,

Class

A1R2

a,b

4,263,430

4,022,000

1.224%, 

(LIBOR

3M

+

1.000%),

4/20/2031,

Ser.

2015-3A,

Class

A1R

a,b

4,004,452

CBAM,

Ltd.

5,000,000

1.521%, 

(LIBOR

3M

+

1.280%),

2/12/2030,

Ser.

2019-9A,

Class

A

a,b

5,001,250

CCG

Receivables

Trust

104,322

2.500%, 

6/16/2025,

Ser.

2018-1,

Class

A2

a

104,446

Commonbond

Student

Loan

Trust

63,217

3.200%, 

6/25/2032,

Ser.

2015-A,

Class

A

a

63,428

502,125

2.550%, 

5/25/2041,

Ser.

2017-AGS,

Class

A1

a

515,909

1,603,597

0.630%, 

(LIBOR

1M

+

0.500%),

2/25/2044,

Ser.

2018-AGS,

Class

A2

a,b

1,592,520

Conn's

Receivables

Funding

2,134,395

1.710%, 

6/16/2025,

Ser.

2020-A,

Class

A

a

2,137,660

CoreVest

American

Finance

Trust

1,733,387

3.804%, 

6/15/2051,

Ser.

2018-1,

Class

A

a

1,810,583

Principal

Amount

Long-Term

Fixed

Income

(95.2%)

Value

Asset-Backed

Securities

(13.4%)

-

continued

Deephaven

Residential

Mortgage

Trust

$

1,029,527

4.080%, 

10/25/2058,

Ser.

2018-4A,

Class

A1

a,b

$

1,033,354

DRB

Prime

Student

Loan

Trust

371,488

2.030%, 

(LIBOR

1M

+

1.900%),

10/27/2031,

Ser.

2015-B,

Class

A1

a,b

372,075

Earnest

Student

Loan

Program,

LLC

577,589

2.650%, 

1/25/2041,

Ser.

2017-A,

Class

A2

a

585,425

ECMC

Group

Student

Loan

Trust

5,225,110

1.280%, 

(LIBOR

1M

+

1.150%),

11/25/2069,

Ser.

2020-2A,

Class

A

a,b

5,279,067

Education

Funding

Trust

3,651,480

2.790%, 

7/25/2041,

Ser.

2020-A,

Class

A

a

3,775,280

Flatiron

CLO,

Ltd.

4,000,000

1.688%, 

(LIBOR

3M

+

1.450%),

5/15/2030,

Ser.

2017-1A,

Class

BR

a,b,c

4,000,000

Freedom

ABS

Trust

1,391,305

2.520%, 

3/18/2027,

Ser.

2020-FP1,

Class

A

a

1,403,739

Galaxy

XX

CLO,

Ltd.

4,232,000

1.224%, 

(LIBOR

3M

+

1.000%),

4/20/2031,

Ser.

2015-20A,

Class

AR

a,b

4,231,898

Garrison

BSL

CLO,

Ltd.

5,686,753

1.193%, 

(LIBOR

3M

+

0.970%),

7/17/2028,

Ser.

2018-3A,

Class

A1

a,b

5,688,004

Genesis

Private

Label

Amortizing

Trust

2,171,210

2.080%, 

7/20/2030,

Ser.

2020-1,

Class

A

a

2,175,463

Genesis

Sales

Finance

Master

Trust

4,500,000

1.650%, 

9/22/2025,

Ser.

2020-AA,

Class

A

a

4,534,501

GoldenTree

Loan

Opportunities,

Ltd.

3,000,000

1.512%, 

(LIBOR

3M

+

1.300%),

10/29/2029,

Ser.

2014-9A,

Class

AJR2

a,b

3,000,009

Golub

Capital

Partners,

Ltd.

5,903,334

1.374%, 

(LIBOR

3M

+

1.150%),

10/20/2028,

Ser.

2018-39A,

Class

A1

a,b

5,904,651

Invitation

Homes

Trust

7,189,905

1.229%, 

(LIBOR

1M

+

1.100%),

1/17/2038,

Ser.

2018-SFR4,

Class

A

a,b

7,248,312

Madison

Park

Funding,

Ltd.

4,500,000

1.800%, 

(LIBOR

3M

+

1.600%),

1/20/2029,

Ser.

2012-10A,

Class

BR3

a,b

4,500,477

Marlette

Funding

Trust

716,477

3.440%, 

4/16/2029,

Ser.

2019-1A,

Class

A

a

722,040

Limited

Maturity

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

110

Principal

Amount

Long-Term

Fixed

Income

(95.2%)

Value

Asset-Backed

Securities

(13.4%)

-

continued

MRA

Issuance

Trust

$

7,500,000

1.477%, 

(LIBOR

1M

+

1.350%),

7/15/2021,

Ser.

2020-12,

Class

A1X

a,b

$

7,499,757

National

Collegiate

Trust

1,157,261

0.425%, 

(LIBOR

1M

+

0.295%),

5/25/2031,

Ser.

2007-A,

Class

A

a,b

1,136,046

Nationstar

HECM

Loan

Trust

2,093,380

2.272%, 

11/25/2029,

Ser.

2019-2A,

Class

A

a,b

2,097,571

Navient

Private

Education

Loan

Trust

205,025

2.820%, 

2/15/2068,

Ser.

2019-CA,

Class

A1

a

205,390

Navient

Student

Loan

Trust

1,891,570

0.730%, 

(LIBOR

1M

+

0.600%),

7/26/2066,

Ser.

2017-3A,

Class

A2

a,b

1,892,405

968,407

0.880%, 

(LIBOR

1M

+

0.750%),

7/26/2066,

Ser.

2017-1A,

Class

A2

a,b

969,102

Neuberger

Berman

CLO

XIV,

Ltd.

3,500,000

1.249%, 

(LIBOR

3M

+

1.030%),

1/28/2030,

Ser.

2013-14A,

Class

AR2

a,b

3,495,450

Neuberger

Berman

CLO,

Ltd.

3,000,000

1.252%, 

(LIBOR

3M

+

1.030%),

4/22/2029,

Ser.

2014-17A,

Class

AR2

a,b

3,000,882

New

Hampshire

Higher

Education

Loan

Corporation

4,586,740

1.330%, 

(LIBOR

1M

+

1.200%),

9/25/2060,

Ser.

2020-1,

Class

A1B

b

4,694,089

Northstar

Education

Finance,

Inc.

562,714

0.830%, 

(LIBOR

1M

+

0.700%),

12/26/2031,

Ser.

2012-1,

Class

A

a,b

564,510

OneMain

Financial

Issuance

Trust

3,500,000

1.750%, 

9/14/2035,

Ser.

2020-2A,

Class

A

a

3,613,486

OZLM

VIII,

Ltd.

4,350,758

1.393%, 

(LIBOR

3M

+

1.170%),

10/17/2029,

Ser.

2014-8A,

Class

A1RR

a,b

4,351,041

Palmer

Square

CLO,

Ltd.

2,750,000

1.638%, 

(LIBOR

3M

+

1.400%),

5/21/2029,

Ser.

2015-1A,

Class

A2R3

a,b

2,750,547

Preston

Ridge

Partners

Mortgage

Trust,

LLC

4,081,949

2.363%, 

11/25/2025,

Ser.

2020-6,

Class

A1

a,d

4,097,186

Pretium

Mortgage

Credit

Partners,

LLC

3,338,056

3.721%, 

1/25/2059,

Ser.

2019-CFL1,

Class

A1

a,d

3,339,076

Progress

Residential

Trust

2,980,677

2.768%, 

8/17/2034,

Ser.

2017-SFR1,

Class

A

a

3,020,042

2,997,040

3.422%, 

8/17/2035,

Ser.

2019-SFR1,

Class

A

a

3,088,602

Principal

Amount

Long-Term

Fixed

Income

(95.2%)

Value

Asset-Backed

Securities

(13.4%)

-

continued

$

3,000,000

2.078%, 

6/18/2037,

Ser.

2020-SFR2,

Class

A

a

$

3,104,664

SLM

Student

Loan

Trust

2,733,074

0.530%, 

(LIBOR

1M

+

0.400%),

3/25/2025,

Ser.

2010-1,

Class

A

b

2,668,731

Small

Business

Lending

Trust

423,699

2.850%, 

7/15/2026,

Ser.

2019-A,

Class

A

a

422,957

903,629

2.620%, 

12/15/2026,

Ser.

2020-A,

Class

A

a

899,888

SoFi

Consumer

Loan

Program

Trust

1,029,271

3.010%, 

4/25/2028,

Ser.

2019-2,

Class

A

a

1,039,056

573,274

2.020%, 

1/25/2029,

Ser.

2020-1,

Class

A

a

579,491

SoFi

Consumer

Loan

Program,

LLC

55,533

2.770%, 

5/25/2026,

Ser.

2017-3,

Class

A

a

55,658

SoFi

Professional

Loan

Program,

LLC

231,586

2.510%, 

8/25/2033,

Ser.

2015-C,

Class

A2

a

232,665

135,885

0.980%, 

(LIBOR

1M

+

0.850%),

7/25/2039,

Ser.

2016-E,

Class

A1

a,b

135,883

Sound

Point

CLO

XIV,

Ltd.

5,500,000

1.737%, 

(LIBOR

3M

+

1.500%),

1/23/2029,

Ser.

2016-3A,

Class

B1R

a,b,c

5,500,594

Sound

Point

CLO

XX,

Ltd.

3,000,000

1.315%, 

(LIBOR

3M

+

1.100%),

7/26/2031,

Ser.

2018-2A,

Class

A

a,b

3,000,288

THL

Credit

Wind

River

CLO,

Ltd.

6,000,000

1.454%, 

(LIBOR

3M

+

1.230%),

7/20/2030,

Ser.

2017-2A,

Class

A

a,b

6,000,930

1,500,000

1.654%, 

(LIBOR

3M

+

1.430%),

10/20/2033,

Ser.

2020-1A,

Class

A

a,b

1,507,239

Upstart

Securitization

Trust

1,057,668

2.897%, 

9/20/2029,

Ser.

2019-2,

Class

A

a

1,065,738

1,667,725

2.684%, 

1/21/2030,

Ser.

2019-3,

Class

A

a

1,684,615

3,162,734

2.322%, 

4/22/2030,

Ser.

2020-1,

Class

A

a

3,196,437

2,648,983

1.702%, 

11/20/2030,

Ser.

2020-3,

Class

A

a

2,668,036

3,500,000

0.870%, 

3/20/2031,

Ser.

2021-1,

Class

A

a,c

3,499,820

VCAT

Asset

Securitization,

LLC

3,963,612

2.289%, 

12/26/2050,

Ser.

2021-NPL1,

Class

A1

a

3,964,622

Voya

CLO,

Ltd.

1,248,051

1.441%, 

(LIBOR

3M

+

1.200%),

10/15/2030,

Ser.

2012-4A,

Class

A1AR

a,b

1,248,179

Limited

Maturity

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

111

Principal

Amount

Long-Term

Fixed

Income

(95.2%)

Value

Asset-Backed

Securities

(13.4%)

-

continued

Whitebox

CLO

II,

Ltd.

$

2,750,000

2.192%, 

(LIBOR

3M

+

1.950%),

10/24/2031,

Ser.

2020-2A,

Class

A2

a,b

$

2,765,642

Total

208,949,735

Basic

Materials

(0.9%)

Air

Products

and

Chemicals,

Inc.

975,000

1.500%, 

10/15/2025

1,009,403

DowDuPont,

Inc.

2,000,000

4.205%, 

11/15/2023

2,199,753

EI

du

Pont

de

Nemours

&

Company

800,000

1.700%, 

7/15/2025

829,411

Freeport-McMoRan,

Inc.

2,000,000

4.550%, 

11/14/2024

2,193,089

Glencore

Funding,

LLC

1,500,000

3.000%, 

10/27/2022

a

1,557,449

Kinross

Gold

Corporation

1,000,000

5.950%, 

3/15/2024

1,143,463

LYB

International

Finance

III,

LLC

1,400,000

1.250%, 

10/1/2025

1,412,617

Mosaic

Company

750,000

3.250%, 

11/15/2022

782,512

Nucor

Corporation

950,000

2.000%, 

6/1/2025

997,004

Steel

Dynamics,

Inc.

925,000

2.400%, 

6/15/2025

982,091

Syngenta

Finance

NV

1,000,000

4.892%, 

4/24/2025

a

1,063,979

Total

14,170,771

Capital

Goods

(2.1%)

Boeing

Company

3,250,000

4.875%, 

5/1/2025

3,668,690

Caterpillar

Financial

Services

Corporation

1,580,000

1.950%, 

11/18/2022

1,625,778

1,075,000

0.450%, 

9/14/2023

1,076,851

1,700,000

0.800%, 

11/13/2025

1,703,840

CNH

Industrial

Capital,

LLC

1,180,000

1.950%, 

7/2/2023

1,215,022

General

Electric

Company

1,010,000

3.450%, 

5/15/2024

1,095,995

Honeywell

International,

Inc.

1,075,000

1.350%, 

6/1/2025

1,107,046

Huntington

Ingalls

Industries,

Inc.

800,000

3.844%, 

5/1/2025

892,856

John

Deere

Capital

Corporation

1,400,000

0.400%, 

10/10/2023

1,403,285

1,750,000

0.700%, 

1/15/2026

1,746,158

Northrop

Grumman

Corporation

2,000,000

2.550%, 

10/15/2022

2,070,026

Otis

Worldwide

Corporation

2,375,000

2.056%, 

4/5/2025

2,502,105

PACCAR

Financial

Corporation

1,350,000

2.650%, 

4/6/2023

1,418,719

Republic

Services,

Inc.

1,250,000

2.500%, 

8/15/2024

1,330,283

1,750,000

0.875%, 

11/15/2025

1,751,792

Roper

Technologies,

Inc.

1,250,000

3.650%, 

9/15/2023

1,351,150

750,000

2.350%, 

9/15/2024

794,410

Principal

Amount

Long-Term

Fixed

Income

(95.2%)

Value

Capital

Goods

(2.1%)

-

continued

$

825,000

1.000%, 

9/15/2025

$

829,761

Siemens

Financieringsmaatschappij

NV

2,000,000

0.829%, 

(LIBOR

3M

+

0.610%),

3/16/2022

a,b

2,013,001

Textron,

Inc.

2,000,000

3.875%, 

3/1/2025

2,203,670

WW

Grainger,

Inc.

1,125,000

1.850%, 

2/15/2025

1,176,407

Total

32,976,845

Collateralized

Mortgage

Obligations

(11.3%)

Angel

Oak

Mortgage

Trust

I,

LLC

1,527,595

3.674%, 

7/27/2048,

Ser.

2018-2,

Class

A1

a,b

1,550,002

Antler

Mortgage

Trust

904,748

4.458%, 

6/27/2022,

Ser.

2019-RTL1,

Class

A1

a

905,151

763,952

4.335%, 

7/25/2022,

Ser.

2018-RTL1,

Class

A1

a

765,339

Banc

of

America

Funding

Trust

387,895

2.365%, 

1/25/2035,

Ser.

2004-D,

Class

4A1

b

401,632

1,371,065

5.750%, 

3/25/2036,

Ser.

2006-3,

Class

3A1

1,418,482

Bear

Stearns

Adjustable

Rate

Mortgage

Trust

135,753

2.410%, 

(CMT

1Y

+

2.300%),

10/25/2035,

Ser.

2005-9,

Class

A1

b

137,300

590,291

4.753%, 

10/25/2036,

Ser.

2006-4,

Class

1A1

b

595,462

Bellemeade

Re,

Ltd.

1,683,035

2.780%, 

(LIBOR

1M

+

2.650%),

6/25/2030,

Ser.

2020-1A,

Class

M1A

a,b

1,687,057

3,500,000

2.130%, 

(LIBOR

1M

+

2.000%),

10/25/2030,

Ser.

2020-3A,

Class

M1A

a,b

3,511,320

BRAVO

Residential

Funding

Trust

1,281,304

3.500%, 

3/25/2058,

Ser.

2019-1,

Class

A1C

a

1,321,169

Business

Jet

Securities,

LLC

3,175,213

2.981%, 

11/15/2035,

Ser.

2020-1A,

Class

A

a

3,222,475

Cascade

Funding

Mortgage

Trust

4,789,720

0.946%, 

12/26/2030,

Ser.

2020-HB4,

Class

A

a,b

4,789,734

2,190,237

4.000%, 

10/25/2068,

Ser.

2018-RM2,

Class

A

a,b

2,294,631

Chase

Mortgage

Finance

Trust

Series

1,550,603

3.022%, 

7/25/2037,

Ser.

2007-A2,

Class

1M

b

1,507,687

Countrywide

Alternative

Loan

Trust

145,130

5.500%, 

11/25/2035,

Ser.

2005-49CB,

Class

A1

134,391

150,366

5.500%, 

2/25/2036,

Ser.

2005-85CB,

Class

2A2

144,802

Credit

Suisse

Mortgage

Trust

2,011,632

3.453%, 

3/25/2026,

Ser.

2020-BPL2,

Class

A1

a

2,009,985

4,529,791

2.688%, 

3/25/2059,

Ser.

2020-RPL6,

Class

A1

a,b

4,534,697

Limited

Maturity

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

112

Principal

Amount

Long-Term

Fixed

Income

(95.2%)

Value

Collateralized

Mortgage

Obligations

(11.3%)

-

continued

Deephaven

Residential

Mortgage

Trust

$

2,844,149

2.791%, 

10/25/2059,

Ser.

2019-4A,

Class

A1

a,b

$

2,897,476

Federal

Home

Loan

Mortgage

Corporation

-

REMIC

1,082,330

3.000%, 

8/15/2040,

Ser.

4364,

Class

A

1,100,140

Federal

National

Mortgage

Association

-

REMIC

3,960,639

4.000%, 

3/25/2029,

Ser.

2012-74,

Class

V

4,061,552

Federal

National

Mortgage

Association

Conventional

15-Yr.

Pass

Through

5,704

2.250%, 

6/25/2025,

Ser.

2010-58,

Class

PT

5,714

FWD

Securitization

Trust

3,013,037

2.810%, 

6/25/2049,

Ser.

2019-INV1,

Class

A1

a,b

3,129,007

GCAT

Trust

2,718,847

2.985%, 

2/25/2059,

Ser.

2019-NQM1,

Class

A1

a,d

2,747,156

GCT

Commercial

Mortgage

Trust

2,500,000

1.400%, 

(LIBOR

1M

+

1.250%),

2/15/2023,

Ser.

2021-GCT,

Class

B

a,b,c

2,500,000

Genworth

Mortgage

Insurance

Corporation

2,000,000

2.030%, 

(LIBOR

1M

+

1.900%),

11/26/2029,

Ser.

2019-1,

Class

M1

a,b

2,002,737

GMAC

Mortgage

Corporation

Loan

Trust

16,639

0.630%, 

(LIBOR

1M

+

0.500%),

8/25/2035,

Ser.

2005-HE1,

Class

A2

b,e

19,917

102,425

5.750%, 

10/25/2036,

Ser.

2006-HE3,

Class

A2

b

107,473

GS

Mortgage-Backed

Securities

Trust

2,559,471

3.750%, 

10/25/2057,

Ser.

2018-RPL1,

Class

A1A

a

2,730,287

817,265

2.625%, 

1/25/2059,

Ser.

2019-SL1,

Class

A1

a,b

830,723

1,583,422

1.791%, 

9/27/2060,

Ser.

2020-NQM1,

Class

A2

a,b

1,604,604

GSAA

Home

Equity

Trust

920,881

4.542%, 

8/25/2034,

Ser.

2004-10,

Class

M2

d

983,181

Homeward

Opportunities

Fund

I

Trust

2,797,085

3.454%, 

1/25/2059,

Ser.

2019-1,

Class

A1

a,b

2,829,658

Homeward

Opportunities

Fund

Trust

5,500,000

3.228%, 

8/25/2025,

Ser.

2020-BPL1,

Class

A1

a,d

5,500,009

J.P.

Morgan

Alternative

Loan

Trust

451,360

3.524%, 

3/25/2036,

Ser.

2006-A1,

Class

2A1

b

428,127

J.P.

Morgan

Mortgage

Trust

221,923

3.481%, 

2/25/2036,

Ser.

2006-A1,

Class

2A2

b

196,187

Principal

Amount

Long-Term

Fixed

Income

(95.2%)

Value

Collateralized

Mortgage

Obligations

(11.3%)

-

continued

Legacy

Mortgage

Asset

Trust

$

1,856,686

3.250%, 

2/25/2060,

Ser.

2020-GS4,

Class

A1

a,d

$

1,896,674

Long

Beach

Mortgage

Loan

Trust

449,412

1.000%, 

(LIBOR

1M

+

0.870%),

2/25/2035,

Ser.

2005-1,

Class

M3

b

449,570

Master

Asset

Securitization

Trust

477,667

0.630%, 

(LIBOR

1M

+

0.500%),

6/25/2036,

Ser.

2006-2,

Class

2A2

b

108,299

Mello

Warehouse

Securitization

Trust

5,500,000

1.030%, 

(LIBOR

1M

+

0.900%),

10/25/2053,

Ser.

2020-1,

Class

A

a,b

5,502,256

3,200,000

0.930%, 

(LIBOR

1M

+

0.800%),

11/25/2053,

Ser.

2020-2,

Class

A

a,b

3,206,141

5,000,000

1.440%, 

(LIBOR

1M

+

0.900%),

2/25/2055,

Ser.

2021-1,

Class

B

a,b

5,000,000

Merrill

Lynch

Mortgage

Investors

Trust

219,340

1.315%, 

(LIBOR

1M

+

1.185%),

7/25/2035,

Ser.

2004-WMC5,

Class

M3

b

219,434

Mortgage

Equity

Conversion

Asset

Trust

1,029,811

0.590%, 

(CMT

1Y

+

0.490%),

1/25/2042,

Ser.

2007-FF1,

Class

A

a,b

996,929

1,012,028

0.570%, 

(CMT

1Y

+

0.470%),

2/25/2042,

Ser.

2007-FF2,

Class

A

a,b

983,756

New

Residential

Mortgage

Loan

Trust

2,821,826

4.335%, 

7/25/2060,

Ser.

2020-NPL1,

Class

A1

a,d

2,866,671

New

Residential

Mortgage,

LLC

2,290,846

3.790%, 

7/25/2054,

Ser.

2018-FNT2,

Class

A

a

2,298,951

New

York

Mortgage

Trust

3,096,814

2.944%, 

10/25/2060,

Ser.

2020-SP2,

Class

A1

a,b

3,116,204

Oak

Street

Investment

2,592,443

1.850%, 

11/20/2050,

Ser.

2020-1A,

Class

A1

a

2,647,698

Oaktown

Re

II,

Ltd.

206,553

1.680%, 

(LIBOR

1M

+

1.550%),

7/25/2028,

Ser.

2018-1A,

Class

M1

a,b

206,692

Preston

Ridge

Partners

Mortgage

Trust,

LLC

3,279,882

3.500%, 

10/25/2024,

Ser.

2019-GS1,

Class

A1

a,b

3,320,956

828,284

3.351%, 

11/25/2024,

Ser.

2019-4A,

Class

A1

a,d

832,026

4,194,602

2.857%, 

9/25/2025,

Ser.

2020-3,

Class

A1

a,d

4,231,085

Pretium

Mortgage

Credit

Partners,

LLC

6,047,612

2.858%, 

5/27/2059,

Ser.

2020-NPL1,

Class

A1

a,d

6,070,386

Limited

Maturity

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

113

Principal

Amount

Long-Term

Fixed

Income

(95.2%)

Value

Collateralized

Mortgage

Obligations

(11.3%)

-

continued

Radnor

RE,

Ltd.

$

177,459

1.530%, 

(LIBOR

1M

+

1.400%),

3/25/2028,

Ser.

2018-1,

Class

M1

a,b

$

177,472

RCO

Mortgage,

LLC

3,842,363

3.475%, 

11/25/2024,

Ser.

2019-2,

Class

A1

a,d

3,852,098

Residential

Funding

Mortgage

Security

I

Trust

193,500

5.500%, 

10/25/2021,

Ser.

2006-S10,

Class

2A1

179,956

Silver

Hill

Trust

4,411,399

3.102%, 

11/25/2049,

Ser.

2019-SBC1,

Class

A1

a,b

4,605,345

Specialty

Underwriting

and

Residential

Finance

Trust

3,195,358

1.130%, 

(LIBOR

1M

+

1.000%),

7/25/2035,

Ser.

2004-BC3,

Class

A2C

b

3,163,725

3,448,282

1.110%, 

(LIBOR

1M

+

0.980%),

10/25/2035,

Ser.

2004-BC4,

Class

A2C

b

3,415,842

Stanwich

Mortgage

Loan

Trust

2,755,915

3.475%, 

11/16/2024,

Ser.

2019-NPB2,

Class

A1

a,d

2,769,611

Starwood

Mortgage

Residential

Trust

2,040,712

4.121%, 

10/25/2048,

Ser.

2018-IMC2,

Class

A1

a,b

2,122,078

2,130,168

2.718%, 

4/25/2060,

Ser.

2020-2,

Class

A1

a,b

2,165,271

Terwin

Mortgage

Trust

1,445,007

1.630%, 

(LIBOR

1M

+

1.500%),

12/25/2034,

Ser.

2004-21HE,

Class

2M2

a,b

1,449,188

Toorak

Mortgage

Corporation

3,286,992

4.336%, 

8/25/2021,

Ser.

2018-1,

Class

A1

a,d

3,295,467

6,000,000

4.458%, 

3/25/2022,

Ser.

2019-1,

Class

A1

a,d

6,091,471

2,500,000

3.721%, 

9/25/2022,

Ser.

2019-2,

Class

A1

2,536,386

3,500,000

2.734%, 

3/25/2023,

Ser.

2020-1,

Class

A1

a,d

3,512,166

TVC

Mortgage

Trust

3,200,000

3.474%, 

9/25/2024,

Ser.

2020-RTL1,

Class

A1

a

3,231,774

Vericrest

Opportunity

Loan

Transferee

4,500,000

1.893%, 

2/27/2051,

Ser.

2021-NPL1,

Class

A1

a,d,f

4,500,000

1,518,860

2.981%, 

3/25/2050,

Ser.

2020-NPL4,

Class

A1

a,d

1,523,456

3,500,000

4.090%, 

11/25/2049,

Ser.

2019-NPL8,

Class

A1B

a,d

3,502,907

4,000,000

4.090%, 

11/26/2049,

Ser.

2019-NPL9,

Class

A1B

a,d

4,003,323

1,428,610

3.426%, 

12/27/2049,

Ser.

2019-NP10,

Class

A1A

a,d

1,432,761

Verus

Securitization

Trust

1,859,905

3.836%, 

2/25/2059,

Ser.

2019-1,

Class

A1

a,b

1,871,850

Principal

Amount

Long-Term

Fixed

Income

(95.2%)

Value

Collateralized

Mortgage

Obligations

(11.3%)

-

continued

$

2,735,291

2.913%, 

7/25/2059,

Ser.

2019-INV2,

Class

A1

a,b

$

2,799,719

1,479,499

1.977%, 

3/25/2060,

Ser.

2020-INV1,

Class

A1

a,b

1,503,568

Visio

2020-1R

Trust

2,126,539

1.567%, 

11/25/2055,

Ser.

2020-1R,

Class

A2

a

2,136,445

Wachovia

Asset

Securitization,

Inc.

207,925

0.270%, 

(LIBOR

1M

+

0.140%),

7/25/2037,

Ser.

2007-HE1,

Class

A

a,b,e

191,412

Wachovia

Mortgage

Loan

Trust,

LLC

92,837

2.689%, 

5/20/2036,

Ser.

2006-A,

Class

2A1

b

94,723

WaMu

Mortgage

Pass

Through

Certificates

1,028,515

1.379%, 

(12

MTA

+

0.880%),

10/25/2046,

Ser.

2006-AR13,

Class

1A

b

956,466

Total

175,643,472

Commercial

Mortgage-Backed

Securities

(0.3%)

BFLD

Trust

3,750,000

1.276%, 

(LIBOR

1M

+

1.150%),

10/15/2035,

Ser.

2020-EYP,

Class

A

a,b

3,787,493

Federal

National

Mortgage

Association

-

ACES

463,281

3.560%, 

9/25/2021,

Ser.

2018-M5,

Class

A2

b

467,316

GSAA

Home

Equity

Trust

1,030,997

2.080%, 

(LIBOR

1M

+

1.950%),

5/25/2034,

Ser.

2004-4,

Class

M2

b

1,109,429

Total

5,364,238

Communications

Services

(2.3%)

American

Tower

Corporation

1,500,000

3.375%, 

5/15/2024

1,624,598

1,500,000

4.400%, 

2/15/2026

1,723,390

AT&T,

Inc.

2,000,000

1.111%, 

(LIBOR

3M

+

0.890%),

2/15/2023

b

2,021,389

1,800,000

4.125%, 

2/17/2026

2,068,188

British

Sky

Broadcasting

Group

plc

2,000,000

3.750%, 

9/16/2024

a

2,222,975

Charter

Communications

Operating,

LLC

2,125,000

4.500%, 

2/1/2024

2,353,949

1,500,000

4.908%, 

7/23/2025

1,729,216

Cox

Communications,

Inc.

1,500,000

3.150%, 

8/15/2024

a

1,621,507

Crown

Castle

International

Corporation

1,000,000

3.200%, 

9/1/2024

1,081,096

Discovery

Communications,

LLC

1,050,000

2.950%, 

3/20/2023

1,102,771

Fox

Corporation

1,000,000

3.666%, 

1/25/2022

1,031,911

1,060,000

3.050%, 

4/7/2025

1,155,850

Limited

Maturity

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

114

Principal

Amount

Long-Term

Fixed

Income

(95.2%)

Value

Communications

Services

(2.3%)

-

continued

Omnicom

Group,

Inc.

$

1,250,000

3.625%, 

5/1/2022

$

1,298,783

Sprint

Corporation

3,550,000

7.125%, 

6/15/2024

4,139,442

T-Mobile

USA,

Inc.

2,265,000

3.500%, 

4/15/2025

a

2,482,883

Verizon

Communications,

Inc.

3,400,000

0.850%, 

11/20/2025

3,399,953

ViacomCBS,

Inc.

1,750,000

3.700%, 

8/15/2024

1,914,883

Vodafone

Group

PLC

2,125,000

2.950%, 

2/19/2023

2,229,848

Walt

Disney

Company

1,335,000

1.750%, 

1/13/2026

1,392,897

Total

36,595,529

Consumer

Cyclical

(4.4%)

7-Eleven,

Inc.

3,050,000

0.950%, 

2/10/2026

a,c

3,051,229

Alibaba

Group

Holding,

Ltd.

500,000

2.800%, 

6/6/2023

523,176

American

Honda

Finance

Corporation

1,050,000

1.950%, 

5/10/2023

1,087,786

1,090,000

0.650%, 

9/8/2023

1,097,647

2,000,000

0.550%, 

7/12/2024

1,997,960

1,070,000

1.200%, 

7/8/2025

1,089,460

BMW

U.S.

Capital,

LLC

2,000,000

3.150%, 

4/18/2024

a

2,157,459

D.R.

Horton,

Inc.

950,000

2.600%, 

10/15/2025

1,017,508

Daimler

Finance

North

America,

LLC

1,125,000

1.750%, 

3/10/2023

a

1,154,800

1,000,000

1.060%, 

(LIBOR

3M

+

0.840%),

5/4/2023

a,b

1,009,935

Ford

Motor

Credit

Company,

LLC

1,000,000

1.456%, 

(LIBOR

3M

+

1.235%),

2/15/2023

b

973,750

2,160,000

3.370%, 

11/17/2023

2,197,951

1,400,000

3.375%, 

11/13/2025

1,423,030

General

Motors

Company

1,500,000

6.125%, 

10/1/2025

1,806,844

General

Motors

Financial

Company,

Inc.

2,100,000

3.950%, 

4/13/2024

2,286,612

1,580,000

2.900%, 

2/26/2025

1,683,329

1,075,000

2.750%, 

6/20/2025

1,142,467

Harley-Davidson

Financial

Services,

Inc.

574,000

4.050%, 

2/4/2022

a

593,836

Hyundai

Capital

America

1,600,000

0.800%, 

1/8/2024

a

1,595,080

1,360,000

1.800%, 

10/15/2025

a

1,390,231

Hyundai

Capital

Services,

Inc.

2,000,000

3.000%, 

3/6/2022

a

2,048,067

1,500,000

3.000%, 

8/29/2022

a

1,551,031

Kohl's

Corporation

2,405,000

9.500%, 

5/15/2025

3,110,773

Lennar

Corporation

1,260,000

4.875%, 

12/15/2023

1,389,150

700,000

5.875%, 

11/15/2024

809,536

1,400,000

4.750%, 

5/30/2025

1,596,854

Principal

Amount

Long-Term

Fixed

Income

(95.2%)

Value

Consumer

Cyclical

(4.4%)

-

continued

Lowe's

Companies,

Inc.

$

800,000

4.000%, 

4/15/2025

$

903,529

Marriott

International,

Inc.

1,350,000

3.600%, 

4/15/2024

1,439,828

800,000

3.750%, 

10/1/2025

864,326

Nissan

Motor

Company,

Ltd.

825,000

3.043%, 

9/15/2023

a

866,515

Owl

Rock

Capital

Corporation

1,500,000

3.400%, 

7/15/2026

1,537,775

PulteGroup,

Inc.

2,250,000

5.500%, 

3/1/2026

2,679,131

Ralph

Lauren

Corporation

800,000

1.700%, 

6/15/2022

813,708

Starbucks

Corporation

1,100,000

1.300%, 

5/7/2022

1,113,716

Target

Corporation

1,060,000

2.250%, 

4/15/2025

1,129,451

TJX

Companies,

Inc.

1,325,000

3.500%, 

4/15/2025

1,471,286

Toll

Brothers

Finance

Corporation

1,750,000

5.875%, 

2/15/2022

1,820,000

2,300,000

4.375%, 

4/15/2023

2,420,750

Toyota

Motor

Credit

Corporation

1,625,000

0.500%, 

8/14/2023

1,631,115

1,750,000

0.450%, 

1/11/2024

1,752,827

1,075,000

1.800%, 

2/13/2025

1,121,973

1,125,000

0.800%, 

10/16/2025

1,131,289

VF

Corporation

1,100,000

2.050%, 

4/23/2022

1,123,147

Volkswagen

Group

of

America

Finance,

LLC

1,500,000

0.750%, 

11/23/2022

a

1,505,850

2,000,000

4.250%, 

11/13/2023

a

2,195,345

1,500,000

2.850%, 

9/26/2024

a

1,604,463

Total

68,911,525

Consumer

Non-Cyclical

(5.0%)

Abbott

Laboratories

1,262,000

2.550%, 

3/15/2022

1,293,992

AbbVie,

Inc.

2,100,000

2.300%, 

11/21/2022

2,170,075

2,000,000

3.850%, 

6/15/2024

2,198,107

2,080,000

3.600%, 

5/14/2025

2,305,567

Altria

Group,

Inc.

2,500,000

3.800%, 

2/14/2024

2,726,055

Amgen,

Inc.

1,680,000

1.900%, 

2/21/2025

1,761,315

Anheuser-Busch

InBev

Worldwide,

Inc.

1,750,000

4.150%, 

1/23/2025

1,978,807

Anthem,

Inc.

1,225,000

2.375%, 

1/15/2025

1,299,965

AstraZeneca

plc

1,950,000

0.700%, 

4/8/2026

1,922,755

BAT

International

Finance

plc

3,000,000

1.668%, 

3/25/2026

3,046,537

Becton,

Dickinson

and

Company

1,950,000

3.125%, 

11/8/2021

1,990,031

Boston

Scientific

Corporation

2,100,000

3.450%, 

3/1/2024

2,272,114

Bristol-Myers

Squibb

Company

1,700,000

0.537%, 

11/13/2023

1,703,779

2,000,000

3.625%, 

5/15/2024

2,192,349

Limited

Maturity

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

115

Principal

Amount

Long-Term

Fixed

Income

(95.2%)

Value

Consumer

Non-Cyclical

(5.0%)

-

continued

Bunge,

Ltd.

Finance

Corporation

$

1,300,000

1.630%, 

8/17/2025

$

1,331,445

Cargill,

Inc.

1,000,000

3.250%, 

3/1/2023

a

1,058,859

1,200,000

1.375%, 

7/23/2023

a

1,230,438

Centene

Corporation

2,175,000

5.375%, 

8/15/2026

a

2,281,031

CK

Hutchison

International,

Ltd.

2,000,000

2.750%, 

3/29/2023

a

2,083,120

Coca-Cola

Company

1,100,000

2.950%, 

3/25/2025

1,204,473

Conagra

Brands,

Inc.

1,750,000

4.300%, 

5/1/2024

1,948,206

Constellation

Brands,

Inc.

1,000,000

2.700%, 

5/9/2022

1,026,212

1,500,000

3.200%, 

2/15/2023

1,579,520

CVS

Health

Corporation

755,000

3.700%, 

3/9/2023

805,219

241,000

4.100%, 

3/25/2025

272,194

Diageo

Capital

plc

800,000

1.375%, 

9/29/2025

821,511

General

Mills,

Inc.

1,500,000

1.233%, 

(LIBOR

3M

+

1.010%),

10/17/2023

b

1,525,246

Gilead

Sciences,

Inc.

1,625,000

0.750%, 

9/29/2023

1,628,576

HCA,

Inc.

3,000,000

5.875%, 

5/1/2023

3,273,750

Imperial

Brands

Finance

plc

1,750,000

3.125%, 

7/26/2024

a

1,867,647

Imperial

Tobacco

Finance

plc

1,500,000

3.750%, 

7/21/2022

a

1,560,059

McKesson

Corporation

2,000,000

0.900%, 

12/3/2025

1,996,155

Mondelez

International,

Inc.

975,000

2.125%, 

4/13/2023

1,009,925

Mylan

NV

1,125,000

3.150%, 

6/15/2021

1,133,752

Nestle

Holdings,

Inc.

1,355,000

0.375%, 

1/15/2024

a

1,355,135

Novartis

Capital

Corporation

2,400,000

1.750%, 

2/14/2025

2,507,121

PepsiCo,

Inc.

1,850,000

2.250%, 

3/19/2025

1,970,198

Pernod

Ricard

SA

1,915,000

4.250%, 

7/15/2022

a

2,018,871

Philip

Morris

International,

Inc.

1,100,000

1.125%, 

5/1/2023

1,118,661

1,650,000

0.875%, 

5/1/2026

1,642,976

Royalty

Pharma

plc

1,325,000

1.200%, 

9/2/2025

a

1,335,456

Smithfield

Foods,

Inc.

2,000,000

2.650%, 

10/3/2021

a

2,016,518

Thermo

Fisher

Scientific,

Inc.

800,000

4.133%, 

3/25/2025

905,089

Unilever

Capital

Corporation

1,085,000

0.375%, 

9/14/2023

1,091,417

UnitedHealth

Group,

Inc.

1,000,000

3.500%, 

2/15/2024

1,090,466

Upjohn,

Inc.

800,000

1.650%, 

6/22/2025

a

824,125

Principal

Amount

Long-Term

Fixed

Income

(95.2%)

Value

Consumer

Non-Cyclical

(5.0%)

-

continued

Zimmer

Biomet

Holdings,

Inc.

$

334,000

0.989%, 

(LIBOR

3M

+

0.750%),

3/19/2021

b

$

334,048

Zoetis,

Inc.

1,450,000

3.250%, 

2/1/2023

1,522,297

Total

78,231,164

Energy

(3.9%)

BP

Capital

Markets

America,

Inc.

1,500,000

0.889%, 

(LIBOR

3M

+

0.650%),

9/19/2022

b

1,506,477

1,000,000

3.790%, 

2/6/2024

1,091,985

Canadian

Natural

Resources,

Ltd.

1,600,000

2.050%, 

7/15/2025

1,657,939

Cenovus

Energy,

Inc.

2,500,000

5.375%, 

7/15/2025

2,824,827

Cheniere

Corpus

Christi

Holdings,

LLC

2,675,000

5.875%, 

3/31/2025

3,099,180

Chevron

Corporation

1,475,000

1.141%, 

5/11/2023

1,502,086

Chevron

USA,

Inc.

1,185,000

3.900%, 

11/15/2024

1,322,934

Cimarex

Energy

Company

1,800,000

4.375%, 

6/1/2024

1,968,185

Continental

Resources,

Inc.

2,100,000

4.500%, 

4/15/2023

2,155,314

Devon

Energy

Corporation

1,350,000

5.850%, 

12/15/2025

1,583,953

Diamondback

Energy,

Inc.

1,050,000

2.875%, 

12/1/2024

1,109,283

Encana

Corporation

1,000,000

3.900%, 

11/15/2021

1,010,963

Energy

Transfer

Operating,

LP

1,675,000

4.200%, 

9/15/2023

1,803,867

1,050,000

2.900%, 

5/15/2025

1,107,490

EOG

Resources,

Inc.

975,000

2.625%, 

3/15/2023

1,015,383

Equinor

ASA

1,075,000

2.875%, 

4/6/2025

1,164,648

Exxon

Mobil

Corporation

1,465,000

0.595%, 

(LIBOR

3M

+

0.370%),

3/6/2022

b

1,471,931

1,400,000

2.992%, 

3/19/2025

1,521,756

Hess

Corporation

2,000,000

3.500%, 

7/15/2024

2,112,496

Marathon

Oil

Corporation

679,000

2.800%, 

11/1/2022

696,455

Marathon

Petroleum

Corporation

1,500,000

4.700%, 

5/1/2025

1,711,926

MPLX,

LP

500,000

3.500%, 

12/1/2022

525,363

1,500,000

4.875%, 

6/1/2025

1,721,176

1,300,000

1.750%, 

3/1/2026

1,325,564

National

Fuel

Gas

Company

1,297,000

5.200%, 

7/15/2025

1,470,018

1,630,000

5.500%, 

1/15/2026

1,896,837

Newfield

Exploration

Company

1,000,000

5.750%, 

1/30/2022

1,037,503

700,000

5.625%, 

7/1/2024

761,776

ONEOK,

Inc.

1,000,000

2.750%, 

9/1/2024

1,053,511

Limited

Maturity

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

116

Principal

Amount

Long-Term

Fixed

Income

(95.2%)

Value

Energy

(3.9%)

-

continued

Petroleos

Mexicanos

$

765,000

2.378%, 

4/15/2025

$

795,995

Pioneer

Natural

Resources

Company

2,550,000

1.125%, 

1/15/2026

2,554,332

Plains

All

American

Pipeline,

LP

2,000,000

3.850%, 

10/15/2023

2,135,851

1,625,000

4.650%, 

10/15/2025

1,818,602

Sabine

Pass

Liquefaction,

LLC

1,231,000

5.625%, 

3/1/2025

1,435,961

Schlumberger

Finance

Canada,

Ltd.

275,000

1.400%, 

9/17/2025

279,687

Schlumberger

Holdings

Corporation

1,500,000

3.750%, 

5/1/2024

a

1,634,422

Suncor

Energy,

Inc.

1,070,000

2.800%, 

5/15/2023

1,123,492

Transcontinental

Gas

Pipe

Line

Company,

LLC

650,000

7.850%, 

2/1/2026

844,948

Western

Midstream

Operating,

LP

1,250,000

4.100%, 

2/1/2025

1,294,462

Williams

Partners,

LP

1,325,000

3.600%, 

3/15/2022

1,364,551

WPX

Energy,

Inc.

1,400,000

5.250%, 

9/15/2024

1,556,625

Total

60,069,754

Financials

(18.2%)

AerCap

Ireland

Capital

DAC

1,000,000

3.300%, 

1/23/2023

1,042,059

1,625,000

3.150%, 

2/15/2024

1,703,367

2,000,000

6.500%, 

7/15/2025

2,369,966

1,800,000

1.750%, 

1/30/2026

1,773,489

Air

Lease

Corporation

1,000,000

0.700%, 

2/15/2024

992,068

Aircastle,

Ltd.

1,200,000

5.250%, 

8/11/2025

a

1,336,924

Allstate

Corporation

1,700,000

0.750%, 

12/15/2025

1,700,838

Ally

Financial,

Inc.

1,250,000

1.450%, 

10/2/2023

1,270,472

2,600,000

5.750%, 

11/20/2025

3,027,027

American

International

Group,

Inc.

1,150,000

3.300%, 

3/1/2021

1,150,000

1,200,000

2.500%, 

6/30/2025

1,278,736

Ares

Capital

Corporation

1,386,000

4.250%, 

3/1/2025

1,500,774

1,000,000

3.875%, 

1/15/2026

1,076,277

1,200,000

2.150%, 

7/15/2026

1,190,984

Athene

Global

Funding

2,000,000

1.468%, 

(LIBOR

3M

+

1.230%),

7/1/2022

a,b

2,024,470

1,400,000

1.200%, 

10/13/2023

a

1,415,905

Australia

and

New

Zealand

Banking

Group,

Ltd.

2,110,000

2.950%, 

7/22/2030

a,b

2,226,314

Aviation

Capital

Group,

LLC

1,850,000

5.500%, 

12/15/2024

a

2,088,923

Avolon

Holdings

Funding,

Ltd.

2,150,000

5.500%, 

1/15/2026

a

2,444,751

1,500,000

2.125%, 

2/21/2026

a

1,470,765

Principal

Amount

Long-Term

Fixed

Income

(95.2%)

Value

Financials

(18.2%)

-

continued

$

650,000

4.250%, 

4/15/2026

a

$

701,740

Banco

Bilbao

Vizcaya

Argentaria

SA

1,600,000

0.875%, 

9/18/2023

1,611,297

Banco

Santander

Mexico

SA

380,000

5.375%, 

4/17/2025

a

434,891

Banco

Santander

SA

800,000

1.344%, 

(LIBOR

3M

+

1.120%),

4/12/2023

b

812,776

Bank

of

America

Corporation

1,500,000

2.816%, 

7/21/2023

b

1,553,069

2,150,000

4.200%, 

8/26/2024

2,401,715

2,450,000

0.810%, 

10/24/2024

b

2,464,938

1,000,000

3.458%, 

3/15/2025

b

1,085,356

1,375,000

0.981%, 

9/25/2025

b

1,386,349

2,100,000

2.456%, 

10/22/2025

b

2,224,855

1,475,000

1.319%, 

6/19/2026

b

1,492,947

Bank

of

Montreal

1,500,000

3.300%, 

2/5/2024

1,626,907

Bank

of

New

York

Mellon

Corporation

2,115,000

1.850%, 

1/27/2023

2,181,141

1,100,000

1.600%, 

4/24/2025

1,143,733

800,000

4.700%, 

9/20/2025

b,g

876,008

Bank

of

New

Zealand

1,125,000

2.000%, 

2/21/2025

a

1,182,700

Bank

of

Nova

Scotia

1,325,000

1.950%, 

2/1/2023

1,367,798

1,265,000

1.625%, 

5/1/2023

1,299,519

1,065,000

4.900%, 

6/4/2025

b,g

1,143,597

Barclays

plc

2,000,000

3.684%, 

1/10/2023

2,057,399

2,000,000

1.601%, 

(LIBOR

3M

+

1.380%),

5/16/2024

b

2,039,660

2,000,000

4.375%, 

9/11/2024

2,223,898

2,400,000

1.007%, 

12/10/2024

b

2,409,333

BNP

Paribas

SA

1,040,000

2.819%, 

11/19/2025

a,b

1,109,045

2,200,000

1.323%, 

1/13/2027

a,b

2,206,512

BPCE

SA

1,000,000

1.433%, 

(LIBOR

3M

+

1.220%),

5/22/2022

a,b

1,012,190

1,050,000

2.375%, 

1/14/2025

a

1,105,312

Branch

Banking

and

Trust

Company

2,200,000

2.150%, 

12/6/2024

2,331,755

Canadian

Imperial

Bank

of

Commerce

2,125,000

2.250%, 

1/28/2025

2,248,211

Capital

One

Bank

USA

NA

2,125,000

2.014%, 

1/27/2023

b

2,158,959

Capital

One

Financial

Corporation

1,500,000

3.900%, 

1/29/2024

1,638,377

Charles

Schwab

Corporation

600,000

5.375%, 

6/1/2025

b,g

665,016

CIT

Group,

Inc.

3,100,000

5.250%, 

3/7/2025

3,554,491

Citigroup,

Inc.

1,500,000

1.178%, 

(LIBOR

3M

+

0.960%),

4/25/2022

b

1,515,044

2,110,000

2.312%, 

11/4/2022

b

2,139,481

2,200,000

4.000%, 

8/5/2024

2,432,398

3,500,000

0.776%, 

10/30/2024

b

3,511,218

1,000,000

4.000%, 

12/10/2025

b,g

1,013,750

Limited

Maturity

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

117

Principal

Amount

Long-Term

Fixed

Income

(95.2%)

Value

Financials

(18.2%)

-

continued

$

1,075,000

3.106%, 

4/8/2026

b

$

1,166,847

1,850,000

1.122%, 

1/28/2027

b

1,849,469

Comerica,

Inc.

750,000

3.700%, 

7/31/2023

808,047

665,000

5.625%, 

7/1/2025

b,g

731,500

Compass

Bank

1,500,000

2.875%, 

6/29/2022

1,548,924

Cooperatieve

Rabobank

UA

1,875,000

1.339%, 

6/24/2026

a,b

1,905,879

Corporate

Office

Properties,

LP

550,000

2.250%, 

3/15/2026

571,285

Credit

Agricole

SA

1,065,000

1.907%, 

6/16/2026

a,b

1,098,942

1,250,000

1.247%, 

1/26/2027

a,b

1,249,156

Credit

Suisse

AG

825,000

2.800%, 

4/8/2022

849,671

Credit

Suisse

Group

AG

2,500,000

6.500%, 

8/8/2023

a

2,816,630

810,000

7.500%, 

12/11/2023

a,b,g

897,509

1,200,000

2.193%, 

6/5/2026

a,b

1,247,512

2,400,000

1.305%, 

2/2/2027

a,b,c

2,397,432

Danske

Bank

AS

1,085,000

1.171%, 

12/8/2023

a,b

1,090,052

1,500,000

5.375%, 

1/12/2024

a

1,689,019

Deutsche

Bank

AG

1,800,000

3.700%, 

5/30/2024

1,948,943

1,090,000

2.222%, 

9/18/2024

b

1,120,864

2,400,000

4.500%, 

4/1/2025

2,568,503

1,450,000

2.129%, 

11/24/2026

b

1,471,393

Discover

Bank

1,250,000

2.450%, 

9/12/2024

1,320,993

Equitable

Financial

Life

Global

Funding

1,800,000

0.500%, 

11/17/2023

a

1,806,035

Fifth

Third

Bancorp

1,100,000

2.875%, 

10/1/2021

1,117,052

2,100,000

2.375%, 

1/28/2025

2,224,271

First

Horizon

National

Corporation

1,575,000

3.550%, 

5/26/2023

1,671,869

First

Republic

Bank

1,060,000

1.912%, 

2/12/2024

b

1,090,986

FNB

Corporation

1,685,000

2.200%, 

2/24/2023

1,715,465

GA

Global

Funding

Trust

1,800,000

1.625%, 

1/15/2026

a

1,825,048

GE

Capital

Funding,

LLC

1,025,000

3.450%, 

5/15/2025

a

1,124,299

Goldman

Sachs

Group,

Inc.

2,900,000

0.481%, 

1/27/2023

2,900,668

2,300,000

0.627%, 

11/17/2023

b

2,302,809

1,060,000

3.500%, 

4/1/2025

1,170,099

2,085,000

3.272%, 

9/29/2025

b

2,270,046

325,000

4.250%, 

10/21/2025

369,278

HSBC

Holdings

plc

2,000,000

3.262%, 

3/13/2023

b

2,063,773

1,500,000

6.250%, 

3/23/2023

b,g

1,569,375

1,575,000

1.645%, 

4/18/2026

b

1,605,974

1,400,000

1.589%, 

5/24/2027

b

1,417,601

Huntington

Bancshares,

Inc.

903,000

3.150%, 

3/14/2021

903,890

ING

Groep

NV

2,400,000

1.401%, 

(LIBOR

3M

+

1.150%),

3/29/2022

b

2,427,561

Principal

Amount

Long-Term

Fixed

Income

(95.2%)

Value

Financials

(18.2%)

-

continued

$

500,000

4.625%, 

1/6/2026

a

$

583,529

Intercontinental

Exchange,

Inc.

1,350,000

0.700%, 

6/15/2023

1,359,414

J.P.

Morgan

Chase

&

Company

1,250,000

4.014%, 

(LIBOR

3M

+

3.800%),

5/1/2021

b,g

1,252,463

1,075,000

1.514%, 

6/1/2024

b

1,100,217

1,900,000

3.875%, 

9/10/2024

2,114,573

1,500,000

1.075%, 

(LIBOR

3M

+

0.850%),

1/10/2025

b

1,520,917

1,200,000

2.005%, 

3/13/2026

b

1,251,583

1,100,000

2.083%, 

4/22/2026

b

1,150,604

3,500,000

1.045%, 

11/19/2026

b

3,507,519

1,275,000

1.040%, 

2/4/2027

b,c

1,274,267

KeyBank

NA

1,750,000

0.423%, 

1/3/2024

b

1,752,481

Kilroy

Realty,

LP

700,000

3.800%, 

1/15/2023

733,930

550,000

4.375%, 

10/1/2025

616,040

Lincoln

National

Corporation

1,000,000

4.000%, 

9/1/2023

1,088,332

Lloyds

Banking

Group

plc

1,500,000

2.858%, 

3/17/2023

b

1,538,612

2,000,000

2.907%, 

11/7/2023

b

2,082,569

1,075,000

7.500%, 

6/27/2024

b,g

1,195,400

350,000

4.582%, 

12/10/2025

399,141

Macquarie

Group,

Ltd.

1,500,000

1.244%, 

(LIBOR

3M

+

1.020%),

11/28/2023

a,b

1,511,760

Mitsubishi

UFJ

Financial

Group,

Inc.

995,000

1.280%, 

(LIBOR

3M

+

1.060%),

9/13/2021

b

1,001,349

1,600,000

1.125%, 

(LIBOR

3M

+

0.920%),

2/22/2022

b

1,613,618

1,125,000

2.193%, 

2/25/2025

1,181,599

Mizuho

Financial

Group

Cayman

3,

Ltd.

675,000

4.600%, 

3/27/2024

a

744,813

Mizuho

Financial

Group,

Inc.

1,175,000

1.360%, 

(LIBOR

3M

+

1.140%),

9/13/2021

b

1,183,090

1,500,000

2.555%, 

9/13/2025

b

1,586,992

Morgan

Stanley

1,000,000

3.851%, 

(LIBOR

3M

+

3.610%),

4/15/2021

b,g

998,750

2,200,000

4.100%, 

5/22/2023

2,375,029

900,000

0.560%, 

11/10/2023

b

900,691

3,000,000

0.529%, 

1/25/2024

b

2,999,686

750,000

2.720%, 

7/22/2025

b

800,389

1,700,000

0.864%, 

10/21/2025

b

1,707,214

2,075,000

5.000%, 

11/24/2025

2,450,855

1,500,000

0.985%, 

12/10/2026

b

1,496,450

National

Bank

of

Canada

1,050,000

2.100%, 

2/1/2023

1,083,837

National

Securities

Clearing

Corporation

1,650,000

1.200%, 

4/23/2023

a

1,681,713

Nationwide

Building

Society

3,000,000

3.766%, 

3/8/2024

a,b

3,187,826

New

York

Life

Global

Funding

1,050,000

2.000%, 

1/22/2025

a

1,104,648

Nomura

Holdings,

Inc.

2,110,000

2.648%, 

1/16/2025

2,246,384

Limited

Maturity

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

118

Principal

Amount

Long-Term

Fixed

Income

(95.2%)

Value

Financials

(18.2%)

-

continued

Owl

Rock

Technology

Finance

Corporation

$

1,250,000

3.750%, 

6/17/2026

a

$

1,280,013

PayPal

Holdings,

Inc.

1,000,000

2.200%, 

9/26/2022

1,030,527

1,000,000

2.400%, 

10/1/2024

1,062,774

Peachtree

Corners

Funding

Trust

1,125,000

3.976%, 

2/15/2025

a

1,249,269

Principal

Life

Global

Funding

II

1,600,000

0.875%, 

1/12/2026

a

1,594,199

Protective

Life

Global

Funding

1,650,000

0.631%, 

10/13/2023

a

1,660,348

Regions

Financial

Corporation

1,075,000

2.250%, 

5/18/2025

1,132,597

Reinsurance

Group

of

America,

Inc.

2,000,000

4.700%, 

9/15/2023

2,204,364

Royal

Bank

of

Canada

2,100,000

1.950%, 

1/17/2023

2,167,153

1,100,000

1.600%, 

4/17/2023

1,130,169

Royal

Bank

of

Scotland

Group

plc

2,000,000

1.691%, 

(LIBOR

3M

+

1.470%),

5/15/2023

b

2,027,198

2,000,000

3.498%, 

5/15/2023

b

2,074,234

Santander

Holdings

USA,

Inc.

1,000,000

3.400%, 

1/18/2023

1,049,070

400,000

3.450%, 

6/2/2025

435,204

Santander

UK

Group

Holdings

plc

1,075,000

1.532%, 

8/21/2026

b

1,086,748

Santander

UK

plc

1,050,000

2.100%, 

1/13/2023

1,084,483

Simon

Property

Group,

LP

1,750,000

3.300%, 

1/15/2026

1,918,612

Skandinaviska

Enskilda

Banken

AB

1,345,000

0.550%, 

9/1/2023

a

1,349,062

Societe

Generale

SA

2,200,000

2.625%, 

10/16/2024

a

2,319,586

2,000,000

1.488%, 

12/14/2026

a,b

2,005,702

Stadshypotek

AB

2,000,000

2.500%, 

4/5/2022

a

2,050,751

Standard

Chartered

plc

1,000,000

3.950%, 

1/11/2023

a

1,051,925

1,750,000

1.319%, 

10/14/2023

a,b

1,768,480

1,500,000

0.991%, 

1/12/2025

a,b

1,500,679

State

Street

Corporation

250,000

2.825%, 

3/30/2023

b

257,251

1,585,000

2.354%, 

11/1/2025

b

1,690,667

Sumitomo

Mitsui

Financial

Group,

Inc.

2,300,000

2.448%, 

9/27/2024

2,446,840

1,750,000

0.948%, 

1/12/2026

1,743,855

Sumitomo

Mitsui

Trust

Bank,

Ltd.

1,350,000

0.800%, 

9/12/2023

a

1,362,539

SunTrust

Banks,

Inc.

725,000

2.900%, 

3/3/2021

725,055

Synchrony

Financial

250,000

2.850%, 

7/25/2022

258,008

1,780,000

4.250%, 

8/15/2024

1,956,239

Synovus

Bank

1,060,000

2.289%, 

2/10/2023

b

1,074,243

Toronto-Dominion

Bank

1,625,000

0.750%, 

9/11/2025

1,622,487

Principal

Amount

Long-Term

Fixed

Income

(95.2%)

Value

Financials

(18.2%)

-

continued

Truist

Financial

Corporation

$

825,000

4.950%, 

9/1/2025

b,g

$

901,313

U.S.

Bank

NA

2,200,000

2.050%, 

1/21/2025

2,314,913

UBS

AG

550,000

1.750%, 

4/21/2022

a

559,299

UBS

Group

AG

1,625,000

1.008%, 

7/30/2024

a,b

1,639,090

Ventas

Realty,

LP

2,000,000

3.100%, 

1/15/2023

2,094,039

VEREIT

Operating

Partnership,

LP

250,000

4.600%, 

2/6/2024

276,103

510,000

4.625%, 

11/1/2025

588,862

Voya

Financial,

Inc.

500,000

5.650%, 

5/15/2053

b

530,000

Wells

Fargo

&

Company

750,000

3.450%, 

2/13/2023

794,834

1,500,000

3.750%, 

1/24/2024

1,631,833

1,850,000

1.654%, 

6/2/2024

b

1,895,957

2,110,000

2.406%, 

10/30/2025

b

2,229,395

Westpac

Banking

Corporation

1,055,000

2.000%, 

1/13/2023

1,090,322

500,000

2.000%, 

1/16/2025

a

527,585

1,060,000

2.894%, 

2/4/2030

b

1,112,759

Total

283,307,082

Foreign

Government

(0.2%)

Province

of

Ontario

Canada

750,000

3.400%, 

10/17/2023

812,031

Sinopec

Group

Overseas

Development

2018,

Ltd.

2,350,000

2.150%, 

5/13/2025

a

2,420,030

Total

3,232,061

Mortgage-Backed

Securities

(16.1%)

Federal

Home

Loan

Mortgage

Corporation

Conventional

30-Yr.

Pass

Through

1,163,038

3.000%, 

3/25/2050

1,225,016

1,484,181

3.000%, 

4/1/2050

1,563,230

Federal

National

Mortgage

Association

664,125

4.500%, 

5/1/2048

723,460

895,306

3.500%, 

10/1/2048

951,012

1,033,715

3.500%, 

8/1/2049

1,099,448

Federal

National

Mortgage

Association

Conventional

15-Yr.

Pass

Through

106,500,000

2.000%, 

3/1/2035

c

111,108,110

5,350,000

1.500%, 

2/1/2036

c

5,485,840

38,850,000

2.000%, 

2/1/2036

c

40,590,662

12,250,000

1.500%, 

3/1/2036

c

12,538,391

Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through

3,250,000

2.000%, 

2/1/2051

c

3,356,133

27,500,000

2.500%, 

2/1/2051

c

28,977,051

9,725,000

2.000%, 

3/1/2051

c

10,025,107

30,850,000

2.500%, 

3/1/2051

c

32,451,549

165,577

2.595%, 

(LIBOR

12M

+

1.485%),

1/1/2043

b

170,414

Limited

Maturity

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

119

Principal

Amount

Long-Term

Fixed

Income

(95.2%)

Value

Mortgage-Backed

Securities

(16.1%)

-

continued

$

1,291,543

4.000%, 

7/1/2048

$

1,385,465

Total

251,650,888

Technology

(2.1%)

Baidu,

Inc.

1,020,000

3.075%, 

4/7/2025

h

1,088,343

Broadcom

Corporation

2,250,000

3.125%, 

1/15/2025

2,428,732

Broadcom,

Inc.

2,250,000

4.250%, 

4/15/2026

2,552,333

Dell

International,

LLC

1,500,000

4.000%, 

7/15/2024

a

1,648,073

410,000

5.850%, 

7/15/2025

a

486,965

Fiserv,

Inc.

2,000,000

2.750%, 

7/1/2024

2,141,747

Global

Payments,

Inc.

875,000

2.650%, 

2/15/2025

933,509

Hewlett

Packard

Enterprise

Company

1,750,000

3.500%, 

10/5/2021

1,783,080

1,150,000

4.450%, 

10/2/2023

1,261,918

Intel

Corporation

1,100,000

3.400%, 

3/25/2025

1,216,918

Intuit,

Inc.

1,875,000

0.950%, 

7/15/2025

1,895,959

Marvell

Technology

Group,

Ltd.

1,000,000

4.200%, 

6/22/2023

1,080,389

Micron

Technology,

Inc.

1,250,000

2.497%, 

4/24/2023

1,304,196

NXP

Funding,

LLC

1,605,000

2.700%, 

5/1/2025

a

1,718,175

Oracle

Corporation

1,195,000

2.500%, 

4/1/2025

1,278,691

Panasonic

Corporation

1,000,000

2.536%, 

7/19/2022

a

1,027,784

1,000,000

2.679%, 

7/19/2024

a

1,067,410

Seagate

HDD

Cayman

1,475,000

4.750%, 

1/1/2025

1,596,982

SK

Hynix,

Inc.

1,000,000

1.000%, 

1/19/2024

a

1,002,268

Tencent

Holdings,

Ltd.

1,025,000

1.810%, 

1/26/2026

a

1,039,340

Texas

Instruments,

Inc.

750,000

1.375%, 

3/12/2025

773,015

Total

System

Services,

Inc.

1,075,000

3.750%, 

6/1/2023

1,146,417

VMware,

Inc.

1,500,000

2.950%, 

8/21/2022

1,554,001

Total

32,026,245

Transportation

(1.8%)

Air

Canada

Pass

Through

Trust

748,984

3.875%, 

3/15/2023

a

731,614

Air

Lease

Corporation

1,750,000

3.500%, 

1/15/2022

1,798,252

1,500,000

4.250%, 

2/1/2024

1,640,422

Aircastle,

Ltd.

1,500,000

4.400%, 

9/25/2023

1,608,681

Avolon

Holdings

Funding,

Ltd.

1,500,000

3.950%, 

7/1/2024

a

1,574,834

Boeing

Company

1,925,000

1.950%, 

2/1/2024

1,977,177

Principal

Amount

Long-Term

Fixed

Income

(95.2%)

Value

Transportation

(1.8%)

-

continued

British

Airways

plc

$

937,271

4.625%, 

6/20/2024

a

$

956,565

Continental

Airlines,

Inc.

1,482,520

4.150%, 

4/11/2024

1,527,257

Delta

Air

Lines,

Inc.

2,850,000

4.500%, 

10/20/2025

a

3,045,632

ERAC

USA

Finance,

LLC

1,400,000

2.600%, 

12/1/2021

a

1,423,123

J.B.

Hunt

Transport

Services,

Inc.

1,200,000

3.300%, 

8/15/2022

1,244,717

Mileage

Plus

Holdings,

LLC

1,500,000

6.500%, 

6/20/2027

a

1,640,625

Penske

Truck

Leasing

Company,

LP

750,000

3.650%, 

7/29/2021

a

760,156

1,000,000

2.700%, 

11/1/2024

a

1,068,137

1,000,000

3.950%, 

3/10/2025

a

1,115,295

1,200,000

1.200%, 

11/15/2025

a

1,206,579

Ryder

System,

Inc.

1,000,000

3.400%, 

3/1/2023

1,057,667

Southwest

Airlines

Company

2,275,000

4.750%, 

5/4/2023

2,465,240

TTX

Company

650,000

4.125%, 

10/1/2023

a

710,914

Total

27,552,887

U.S.

Government

&

Agencies

(10.6%)

Federal

Home

Loan

Bank

8,000,000

2.500%, 

2/13/2024

8,568,707

3,500,000

1.500%, 

8/15/2024

3,656,499

Federal

Home

Loan

Mortgage

Corporation

4,500,000

0.250%, 

8/24/2023

4,510,556

Federal

National

Mortgage

Association

3,500,000

2.875%, 

9/12/2023

3,747,118

U.S.

Treasury

Notes

11,700,000

1.500%, 

9/30/2021

11,810,601

12,000,000

2.500%, 

1/15/2022

12,274,219

3,350,000

1.125%, 

2/28/2022

3,387,164

1,530,000

0.125%, 

7/31/2022

1,530,538

46,250,000

0.125%, 

10/31/2022

46,260,840

13,845,000

2.000%, 

11/30/2022

14,320,381

3,730,000

1.375%, 

2/15/2023

3,824,707

3,875,000

2.750%, 

7/31/2023

4,126,572

16,000,000

0.125%, 

10/15/2023

15,985,625

18,475,000

0.125%, 

1/15/2024

18,449,019

1,500,000

2.500%, 

1/31/2024

1,603,887

2,750,000

2.125%, 

7/31/2024

2,931,113

7,425,000

1.250%, 

8/31/2024

7,688,936

Total

164,676,482

Utilities

(2.6%)

Alexander

Funding

Trust

2,250,000

1.841%, 

11/15/2023

a

2,284,389

Ameren

Corporation

750,000

2.500%, 

9/15/2024

799,174

American

Electric

Power

Company,

Inc.

1,000,000

3.650%, 

12/1/2021

1,027,989

1,425,000

1.000%, 

11/1/2025

1,434,335

Limited

Maturity

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

120

Principal

Amount

Long-Term

Fixed

Income

(95.2%)

Value

Utilities

(2.6%)

-

continued

Berkshire

Hathaway

Energy

Company

$

1,925,000

4.050%, 

4/15/2025

a

$

2,169,900

CenterPoint

Energy,

Inc.

875,000

3.850%, 

2/1/2024

954,821

DTE

Energy

Company

1,500,000

3.700%, 

8/1/2023

1,610,643

1,500,000

2.529%, 

10/1/2024

1,598,649

Duke

Energy

Corporation

1,085,000

0.900%, 

9/15/2025

1,088,189

Edison

International

1,580,000

2.950%, 

3/15/2023

1,643,722

Enel

Finance

International

NV

2,000,000

2.750%, 

4/6/2023

a

2,089,474

Entergy

Corporation

1,130,000

0.900%, 

9/15/2025

1,127,871

Exelon

Corporation

1,250,000

3.497%, 

6/1/2022

1,297,239

Florida

Power

&

Light

Company

1,350,000

2.850%, 

4/1/2025

1,466,628

Georgia

Power

Company

1,050,000

2.100%, 

7/30/2023

1,094,499

ITC

Holdings

Corporation

1,500,000

2.700%, 

11/15/2022

1,555,540

Jersey

Central

Power

&

Light

Company

1,500,000

4.300%, 

1/15/2026

a

1,676,642

National

Rural

Utilities

Cooperative

Finance

Corporation

850,000

4.750%, 

4/30/2043

b

890,375

NiSource,

Inc.

1,250,000

5.650%, 

6/15/2023

b,g

1,287,500

1,080,000

0.950%, 

8/15/2025

1,081,210

PPL

Capital

Funding,

Inc.

1,420,000

3.500%, 

12/1/2022

1,485,652

Public

Service

Enterprise

Group,

Inc.

2,000,000

2.875%, 

6/15/2024

2,144,972

Sempra

Energy

2,125,000

3.550%, 

6/15/2024

2,306,919

Southern

Company

1,500,000

2.950%, 

7/1/2023

1,582,952

1,100,000

4.000%, 

1/15/2051

b

1,163,215

WEC

Energy

Group,

Inc.

1,360,000

0.550%, 

9/15/2023

1,366,093

Xcel

Energy,

Inc.

1,650,000

0.500%, 

10/15/2023

1,652,959

Total

39,881,551

Total

Long-Term

Fixed

Income

(cost

$1,453,033,254)

1,483,240,229

Shares

Registered

Investment

Companies

(

2.9%

)

Value

Unaffiliated  (2.9%)

540,300

Vanguard

Short-Term

Corporate

Bond

ETF

h

44,904,333

Total

44,904,333

Total

Registered

Investment

Companies

(cost

$43,864,605)

44,904,333

Shares

Collateral

Held

for

Securities

Loaned

(

1.6%

)

Value

25,121,500

Thrivent

Cash

Management

Trust

$

25,121,500

Total

Collateral

Held

for

Securities

Loaned

(cost

$25,121,500)

25,121,500

Shares

Preferred

Stock

(

0.1%

)

Value

Financials

(0.1%)

54,000

Citigroup

Capital

XIII,

6.582%

b

1,515,780

Total

1,515,780

Total

Preferred

Stock

(cost

$1,490,400)

1,515,780

Shares

or

Principal

Amount

Short-Term

Investments

(

18.7%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

500,000

0.077%,

3/10/2021

i,j

499,975

200,000

0.080%,

3/17/2021

i,j

199,988

300,000

0.050%,

3/23/2021

i,j

299,979

600,000

0.084%,

4/7/2021

i,j

599,924

100,000

0.114%,

4/23/2021

i,j

99,984

Thrivent

Core

Short-Term

Reserve

Fund

29,028,909

0.200%

290,289,085

Total

Short-Term

Investments

(cost

$291,888,843)

291,988,935

Total

Investments

(cost

$1,815,398,602)

118.5%

$1,846,770,777

Other

Assets

and

Liabilities,

Net

(18.5%)

(288,350,928)

Total

Net

Assets

100.0%

$1,558,419,849

Limited

Maturity

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

121

a

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

January

29,

2021,

the

value

of

these

investments

was

$509,039,410

or

32.7%

of

total

net

assets.

b

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

January

29,

2021.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

c

Denotes

investments

purchased

on

a

when-issued

or

delayed

delivery

basis.

d

Denotes

step

coupon

securities.

Step

coupon

securities

pay

an

initial

coupon

rate

for

the

first

period

and

then

different

coupon

rates

for

following

periods.

The

rate

shown

is

as

of

January

29,

2021.

e

All

or

a

portion

of

the

security

is

insured

or

guaranteed.

f

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

g

Denotes

perpetual

securities.

Perpetual

securities

pay

an

indefinite

stream

of

income

and

have

no

contractual

maturity

date.

Date

shown,

if

applicable,

is

next

call

date.

h

All

or

a

portion

of

the

security

is

on

loan.

i

The

interest

rate

shown

reflects

the

yield,

coupon

rate

or

the

discount

rate

at

the

date

of

purchase.

j

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Limited

Maturity

Bond

Fund

as

of

January

29,

2021:

Securities

Lending

Transactions

Long-Term

Fixed

Income

$

960,302

Common

Stock

23,594,929

Total

lending

$24,555,231

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$25,121,500

Net

amounts

due

to

counterparty

$566,269

Definitions:

ACES

-

Alternative

Credit

Enhancement

Securities

CLO

-

Collateralized

Loan

Obligation

ETF

-

Exchange

Traded

Fund

HECM

-

Home

Equity

Conversion

Mortgage

REMIC

-

Real

Estate

Mortgage

Investment

Conduit

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

Ser.

-

Series

Reference

Rate

Index:

12

MTA

-

12

Month

Treasury

Average

CMT

1Y

-

Constant

Maturity

Treasury

Yield

1

Year

LIBOR

1M

-

ICE

Libor

USD

Rate

1

Month

LIBOR

3M

-

ICE

Libor

USD

Rate

3

Month

LIBOR

12M

-

ICE

Libor

USD

Rate

12

Month

Limited

Maturity

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

122

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

January

29,

2021,

in

valuing

Limited

Maturity

Bond

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Long-Term

Fixed

Income

Asset-Backed

Securities

208,949,735

–

208,949,735

–

Basic

Materials

14,170,771

–

14,170,771

–

Capital

Goods

32,976,845

–

32,976,845

–

Collateralized

Mortgage

Obligations

175,643,472

–

171,143,472

4,500,000

Commercial

Mortgage-Backed

Securities

5,364,238

–

5,364,238

–

Communications

Services

36,595,529

–

36,595,529

–

Consumer

Cyclical

68,911,525

–

68,911,525

–

Consumer

Non-Cyclical

78,231,164

–

78,231,164

–

Energy

60,069,754

–

60,069,754

–

Financials

283,307,082

–

283,307,082

–

Foreign

Government

3,232,061

–

3,232,061

–

Mortgage-Backed

Securities

251,650,888

–

251,650,888

–

Technology

32,026,245

–

32,026,245

–

Transportation

27,552,887

–

27,552,887

–

U.S.

Government

&

Agencies

164,676,482

–

164,676,482

–

Utilities

39,881,551

–

39,881,551

–

Registered

Investment

Companies

Unaffiliated

44,904,333

44,904,333

–

–

Preferred

Stock

Financials

1,515,780

1,515,780

–

–

Short-Term

Investments

1,699,850

–

1,699,850

–

Subtotal

Investments

in

Securities

$1,531,360,192

$46,420,113

$1,480,440,079

$4,500,000

Other

Investments  *

Total

Affiliated

Short-Term

Investments

290,289,085

Collateral

Held

for

Securities

Loaned

25,121,500

Subtotal

Other

Investments

$315,410,585

Total

Investments

at

Value

$1,846,770,777

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

this

table

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

787,976

787,976

–

–

Total

Asset

Derivatives

$787,976

$787,976

$–

$–

Liability

Derivatives

Futures

Contracts

84,369

84,369

–

–

Total

Liability

Derivatives

$84,369

$84,369

$–

$–

Limited

Maturity

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

123

Reference

Description:

CBOT

-

Chicago

Board

of

Trade

CME

-

Chicago

Mercantile

Exchange

The

following

table

presents

Limited

Maturity

Bond

Fund's

futures

contracts

held

as

of

January

29,

2021.

Investments

and/or

cash

totaling

$1,699,850

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Principal

Amount

Value

and

Unrealized

CBOT

2-Yr.

U.S.

Treasury

Note

614

March

2021

$

135,571,919

$

107,689

Total

Futures

Long

Contracts

$

135,571,919

$

107,689

CBOT

10-Yr.

U.S.

Treasury

Note

(154)

March

2021

(

$

21,151,645)

$

48,833

CBOT

5-Yr.

U.S.

Treasury

Note

(1,129)

March

2021

(

142,028,507)

(

84,369)

CBOT

U.S.

Long

Bond

(124)

March

2021

(

21,419,110)

497,985

CME

Ultra

Long

Term

U.S.

Treasury

Bond

(18)

March

2021

(

3,705,690)

20,753

Ultra

10-Yr.

U.S.

Treasury

Note

(70)

March

2021

(

10,880,685)

112,716

Total

Futures

Short

Contracts

(

$

199,185,637)

$595,918

Total

Futures

Contracts

(

$

63,613,718)

$703,607

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Limited

Maturity

Bond

Fund,

is

as

follows:

Fund

Value

10/31/2020

Gross

Purchases

Gross

Sales

Value

1/29/2021

Shares

Held

at

1/29/2021

%

of

Net

Assets

1/29/2021

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

$201,614

$222,592

$133,917

$290,289

29,029

18.6%

Total

Affiliated

Short-Term

Investments

201,614

290,289

18.6

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

2,914

112,757

90,549

25,122

25,122

1.6

Total

Collateral

Held

for

Securities

Loaned

2,914

25,122

1.6

Total

Value

$204,528

$315,411

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2020

-

1/29/2021

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

$(86)

$86

$–

$132

Total

Income/Non

Income

Cash

from

Affiliated

Investments

$132

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

–

0

1

Total

Affiliated

Income

from

Securities

Loaned,

Net

$1

Total

$(86)

$86

$0

Low

Volatility

Equity

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

124

Shares

Common

Stock

(

98.7%

)

Value

Communications

Services

(10.6%)

10

Alphabet,

Inc.,

Class

A

a

$

18,274

1,815

Auto

Trader

Group

plc

a,b

13,993

1,200

Avex,

Inc.

14,660

2,013

BCE,

Inc.

85,384

2,015

Carsales.com,

Ltd.

30,040

10,411

Deutsche

Telekom

AG

185,134

209

Electronic

Arts,

Inc.

29,929

1,746

Elisa

Oyj

103,951

203

Embracer

Group

AB

a

4,576

26,000

HKBN,

Ltd.

37,613

194,000

HKT

Trust

and

HKT,

Ltd.

255,339

4,200

KDDI

Corporation

123,449

24,924

Koninklijke

(Royal)

KPN

NV

77,862

488

Match

Group,

Inc.

a

68,252

11,200

Nippon

Telegraph

&

Telephone

Corporation

279,931

3,992

Orange

SA

46,852

337,210

PCCW,

Ltd.

187,525

965

Rogers

Communications,

Inc.

43,550

13,000

SKY

Perfect

JSAT

Holdings,

Inc.

57,096

44,800

SoftBank

Corporation

588,513

3,102

Spark

New

Zealand,

Ltd.

10,650

405

Take-Two

Interactive

Software,

Inc.

a

81,182

8,855

Telefonica

Deutschland

Holding

AG

24,267

386

Telenet

Group

Holding

NV

16,447

1,236

Telenor

ASA

20,390

1,613

T-Mobile

US,

Inc.

a

203,367

10,571

Verizon

Communications,

Inc.

578,762

Total

3,186,988

Consumer

Discretionary

(5.6%)

300

ABC-MART,

Inc.

17,064

17

Amazon.com,

Inc.

a

54,505

168

AutoZone,

Inc.

a

187,886

14,000

Cafe

de

Coral

Holdings,

Ltd.

28,743

600

Canon

Marketing

Japan,

Inc.

13,165

572

Dollar

General

Corporation

111,317

3,779

Dollarama,

Inc.

147,732

4,691

Domino's

Pizza

Group

plc

21,103

275

Domino's

Pizza,

Inc.

101,959

2,000

Galaxy

Entertainment

Group,

Ltd.

15,090

62

Hermes

International

63,261

1,032

Home

Depot,

Inc.

279,486

2,349

McDonald's

Corporation

488,216

200

Nagaileben

Company,

Ltd.

5,801

73

O'Reilly

Automotive,

Inc.

a

31,059

2,900

Sangetsu

Company,

Ltd.

43,307

1,000

Sankyo

Company,

Ltd.

28,563

2,100

T-GAIA

Corporation

39,204

2,000

Xinyi

Glass

Holdings

Company,

Ltd.

4,838

105

Yum!

Brands,

Inc.

10,657

Total

1,692,956

Consumer

Staples

(13.7%)

854

Church

&

Dwight

Company,

Inc.

72,103

1,099

Clorox

Company

230,197

3,621

Colgate-Palmolive

Company

282,438

601

Costco

Wholesale

Corporation

211,810

1,198

Hershey

Company

174,237

16,300

Japan

Tobacco,

Inc.

323,788

487

Kellogg

Company

28,704

377

Kerry

Group

plc

51,162

Shares

Common

Stock

(98.7%)

Value

Consumer

Staples

(13.7%)

-

continued

764

Kimberly-Clark

Corporation

$

100,924

5,074

Koninklijke

Ahold

Delhaize

NV

145,647

20

Lindt

&

Spruengli

AG

173,283

2,456

McCormick

&

Company,

Inc.

219,910

42

Monster

Beverage

Corporation

a

3,647

4,185

Nestle

SA

469,124

800

Noevir

Holdings

Company,

Ltd.

35,192

7,211

Orkla

ASA

70,096

3,156

PepsiCo,

Inc.

431,015

3,588

Procter

&

Gamble

Company

460,018

3,900

Seven

&

I

Holdings

Company,

Ltd.

148,933

2,876

Wal-Mart

Stores,

Inc.

404,049

1,942

Winpak,

Ltd.

61,096

692

Woolworths,

Ltd.

21,524

Total

4,118,897

Energy

(1.4%)

44,800

Eneos

Holdings,

Inc.

181,563

1,969

Koninklijke

Vopak

NV

99,656

700

Nippon

Gas

Company,

Ltd.

33,775

4,302

Washington

H.

Soul

Pattinson

and

Company,

Ltd.

89,112

Total

404,106

Financials

(8.7%)

164

Alleghany

Corporation

92,964

144

Allstate

Corporation

15,434

1,163

Aon

plc

236,205

2,882

Arthur

J.

Gallagher

&

Company

332,612

251

ASX,

Ltd.

13,715

248

Baloise

Holding

AG

41,531

907

Berkshire

Hathaway,

Inc.

a

206,678

238

Cboe

Global

Markets,

Inc.

21,832

727

CME

Group,

Inc.

132,125

790

Deutsche

Boerse

AG

126,837

119

Erie

Indemnity

Company

28,929

193

FactSet

Research

Systems,

Inc.

58,352

6,600

Hang

Seng

Bank,

Ltd.

119,027

1,284

Intact

Financial

Corporation

141,579

16,600

Japan

Post

Bank

Company,

Ltd.

143,540

5,900

Japan

Post

Holdings

Company,

Ltd.

46,920

4,544

Laurentian

Bank

of

Canada

c

109,802

105

Markel

Corporation

a

101,795

40

MarketAxess

Holdings,

Inc.

21,630

3,161

Marsh

&

McLennan

Companies,

Inc.

347,426

1,356

Mizrahi

Tefahot

Bank,

Ltd.

31,536

767

Ringkjoebing

Landbobank

AS

67,456

261

St.

Galler

Kantonalbank

AG

119,678

281

T.

Rowe

Price

Group,

Inc.

43,971

Total

2,601,574

Health

Care

(17.7%)

2,487

Abbott

Laboratories

307,368

173

Abcam

plc

3,930

107

Amgen,

Inc.

25,833

1,389

Baxter

International,

Inc.

106,717

3,700

Chugai

Pharmaceutical

Company,

Ltd.

193,618

1,453

Coloplast

AS

216,886

1,195

Danaher

Corporation

284,219

670

DiaSorin

SPA

146,518

1,497

Eli

Lilly

and

Company

311,331

4,071

Gilead

Sciences,

Inc.

267,058

Low

Volatility

Equity

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

125

Shares

Common

Stock

(98.7%)

Value

Health

Care

(17.7%)

-

continued

3,312

Johnson

&

Johnson

$

540,286

5

Lonza

Group

AG

3,193

67

Masimo

Corporation

a

17,147

1,581

Medtronic

plc

176,013

3,996

Merck

&

Company,

Inc.

307,972

16

Mettler-Toledo

International,

Inc.

a

18,690

99

Moderna,

Inc.

a

17,143

2,423

Novartis

AG

219,391

3,230

Novo

Nordisk

AS

225,028

1,151

Regeneron

Pharmaceuticals,

Inc.

a

579,920

1,302

Roche

Holding

AG

449,336

2,600

Sawai

Pharmaceutical

Company,

Ltd.

118,854

229

Sonova

Holding

AG

a

55,244

467

Stryker

Corporation

103,212

100

Sysmex

Corporation

11,666

341

Tecan

Group

AG

164,988

534

UnitedHealth

Group,

Inc.

178,132

974

Vertex

Pharmaceuticals,

Inc.

a

223,124

1,600

Vital

KSK

Holdings,

Inc.

12,169

146

Zoetis,

Inc.

22,520

Total

5,307,506

Industrials

(9.1%)

1,281

Canadian

National

Railway

Company

129,748

12

Canadian

Pacific

Railway,

Ltd.

4,032

445

Geberit

AG

272,370

241

IDEX

Corporation

44,872

5,500

Itochu

Enex

Company,

Ltd.

52,857

8,900

Kamigumi

Company,

Ltd.

157,005

27,800

Kandenko

Company,

Ltd.

239,628

1,082

Landstar

System,

Inc.

150,831

235

Lockheed

Martin

Corporation

75,628

6,000

Marubeni

Corporation

39,866

1,300

Max

Company,

Ltd.

18,924

5,700

Mitsubishi

Corporation

144,393

400

Mitsui

&

Company,

Ltd.

7,422

7,100

Nikkon

Holdings

Company,

Ltd.

143,280

2,000

Nishimatsu

Construction

Company,

Ltd.

46,346

1,611

RELX

plc

39,886

3,747

Republic

Services,

Inc.

339,178

27

Rockwell

Automation,

Inc.

6,710

544

SEEK,

Ltd.

11,591

900

Sumitomo

Corporation

11,947

11,900

Takasago

Thermal

Engineering

Company,

Ltd.

179,690

1,327

Verisk

Analytics,

Inc.

243,504

771

Waste

Connections,

Inc.

75,951

2,281

Waste

Management,

Inc.

253,921

129

Watsco,

Inc.

30,765

Total

2,720,345

Information

Technology

(18.0%)

1,451

Accenture

plc

351,026

593

Adobe,

Inc.

a

272,051

1,634

Amphenol

Corporation

204,054

1,763

Apple,

Inc.

232,646

200

Arista

Networks,

Inc.

a

61,512

704

Automatic

Data

Processing,

Inc.

116,244

425

Broadridge

Financial

Solutions,

Inc.

60,057

1,100

Canon

Electronics,

Inc.

18,457

7,900

Canon,

Inc.

174,760

Shares

Common

Stock

(98.7%)

Value

Information

Technology

(18.0%)

-

continued

2,982

CGI,

Inc.

a

$

239,026

1,856

Cisco

Systems,

Inc.

82,740

364

Fiserv,

Inc.

a

37,379

5,000

IGG,

Inc.

6,481

706

Intuit,

Inc.

255,028

2,620

Jack

Henry

&

Associates,

Inc.

379,350

100

Kanematsu

Electronics,

Ltd.

3,706

1,053

Keysight

Technologies,

Inc.

a

149,094

1,106

MasterCard,

Inc.

349,817

1,225

Microsoft

Corporation

284,151

1,481

Motorola

Solutions,

Inc.

248,142

500

NSD

Company,

Ltd.

9,571

100

OBIC

Company,

Ltd.

18,710

281

Oracle

Corporation

16,981

3,726

Paychex,

Inc.

325,354

2,000

Ryosan

Company,

Ltd.

44,445

350

Stillfront

Group

AB

a

3,713

905

Synopsys,

Inc.

a

231,182

2,009

Texas

Instruments,

Inc.

332,871

1,709

Thomson

Reuters

Corporation

139,353

1,109

Tyler

Technologies,

Inc.

a

468,874

307

VeriSign,

Inc.

a

59,580

718

Visa,

Inc.

138,754

258

Zoom

Video

Communications,

Inc.

a

95,994

Total

5,411,103

Materials

(4.8%)

2,280

Agnico

Eagle

Mines,

Ltd.

159,168

10,638

Barrick

Gold

Corporation

237,592

31

Christian

Hansen

Holding

AS

a

2,805

113

Croda

International

plc

9,709

2,665

Franco-Nevada

Corporation

318,014

5

Givaudan

SA

20,144

832

Kirkland

Lake

Gold,

Ltd.

31,972

7,102

Newmont

Mining

Corporation

423,279

300

Nippon

Paint

Holdings

Company,

Ltd.

26,977

4,300

Nippon

Steel

Trading

Corporation

147,513

6

Sherwin-Williams

Company

4,151

328

Symrise

AG

40,818

786

Wheaton

Precious

Metals

Corporation

32,281

Total

1,454,423

Real

Estate

(3.3%)

357

American

Tower

Corporation

81,167

78,144

Ascendas

REIT

180,304

98

Bachem

Holding

AG

39,148

424

Camden

Property

Trust

43,312

762

Canadian

Apartment

Properties

REIT

30,510

220

Extra

Space

Storage,

Inc.

25,034

3,600

Link

REIT

31,231

38,500

Mapletree

Commercial

Trust

59,564

26

Mori

Trust

Sogo

REIT,

Inc.

34,385

1,882

Public

Storage,

Inc.

428,381

1,981

Quebecor,

Inc.

47,405

Total

1,000,441

Utilities

(5.8%)

2,871

American

Electric

Power

Company,

Inc.

232,293

421

American

Water

Works

Company,

Inc.

66,947

Low

Volatility

Equity

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

126

Shares

Common

Stock

(98.7%)

Value

Utilities

(5.8%)

-

continued

5,008

Consolidated

Edison,

Inc.

$

354,466

471

Dominion

Energy,

Inc.

34,331

379

DTE

Energy

Company

44,995

750

Duke

Energy

Corporation

70,500

1,069

Enagas

SA

23,551

8,910

Enel

SPA

88,369

79,000

HK

Electric

Investments,

Ltd.

77,981

14,000

Hong

Kong

and

China

Gas

Company,

Ltd.

20,107

4,522

NextEra

Energy,

Inc.

365,694

1,750

Southern

Company

103,110

953

WEC

Energy

Group,

Inc.

84,722

2,766

Xcel

Energy,

Inc.

176,996

Total

1,744,062

Total

Common

Stock

(cost

$26,740,826)

29,642,401

Shares

Collateral

Held

for

Securities

Loaned

(

0.3%

)

Value

102,762

Thrivent

Cash

Management

Trust

102,762

Total

Collateral

Held

for

Securities

Loaned

(cost

$102,762)

102,762

Shares

Short-Term

Investments

(

0.4%

)

Value

Thrivent

Core

Short-Term

Reserve

Fund

10,568

0.200%

105,680

Total

Short-Term

Investments

(cost

$105,680)

105,680

Total

Investments

(cost

$26,949,268)

99.4%

$29,850,843

Other

Assets

and

Liabilities,

Net

0.6%

166,837

Total

Net

Assets

100.0%

$30,017,680

a

Non-income

producing

security.

b

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

January

29,

2021,

the

value

of

these

investments

was

$13,993

or

0.0%

of

total

net

assets.

c

All

or

a

portion

of

the

security

is

on

loan.

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Low

Volatility

Equity

Fund

as

of

January

29,

2021:

Securities

Lending

Transactions

Common

Stock

$

97,189

Total

lending

$97,189

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$102,762

Net

amounts

due

to

counterparty

$5,573

Definitions:

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

Low

Volatility

Equity

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

127

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

January

29,

2021,

in

valuing

Low

Volatility

Equity

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

3,186,988

979,766

2,207,222

–

Consumer

Discretionary

1,692,956

1,265,085

427,871

–

Consumer

Staples

4,118,897

2,619,052

1,499,845

–

Energy

404,106

–

404,106

–

Financials

2,601,574

1,639,953

961,621

–

Health

Care

5,307,506

3,486,685

1,820,821

–

Industrials

2,720,345

1,221,360

1,498,985

–

Information

Technology

5,411,103

4,752,881

658,222

–

Materials

1,454,423

777,725

676,698

–

Real

Estate

1,000,441

577,894

422,547

–

Utilities

1,744,062

1,534,054

210,008

–

Subtotal

Investments

in

Securities

$29,642,401

$18,854,455

$10,787,946

$–

Other

Investments  *

Total

Affiliated

Short-Term

Investments

105,680

Collateral

Held

for

Securities

Loaned

102,762

Subtotal

Other

Investments

$208,442

Total

Investments

at

Value

$29,850,843

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

this

table

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Low

Volatility

Equity

Fund,

is

as

follows:

Fund

Value

10/31/2020

Gross

Purchases

Gross

Sales

Value

1/29/2021

Shares

Held

at

1/29/2021

%

of

Net

Assets

1/29/2021

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

$—

$1,394

$1,288

$106

11

0.4%

Total

Affiliated

Short-Term

Investments

—

106

0.4

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

114

11

103

103

0.3

Total

Collateral

Held

for

Securities

Loaned

–

103

0.3

Total

Value

$—

$209

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2020

-

1/29/2021

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

$–

$–

$–

$0

Total

Income/Non

Income

Cash

from

Affiliated

Investments

$0

Cash

Management

Trust-

Collateral

Investment  

–

–

–

0

Total

Affiliated

Income

from

Securities

Loaned,

Net

$0

Total

$–

$–

$–

Mid

Cap

Growth

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

128

Shares

Common

Stock

(

94.7%

)

Value

Communications

Services

(5.3%)

1,958

Live

Nation

Entertainment,

Inc.

a

$

130,109

852

Match

Group,

Inc.

a

119,161

599

RingCentral,

Inc.

a

223,379

481

Take-Two

Interactive

Software,

Inc.

a

96,416

Total

569,065

Consumer

Discretionary

(13.7%)

1,147

Aptiv

plc

153,239

787

Bright

Horizons

Family

Solutions,

Inc.

a

119,600

543

Burlington

Stores,

Inc.

a

135,153

822

Chegg

,

Inc.

a

78,304

1,416

Chewy,

Inc.

a,b

144,177

82

Chipotle

Mexican

Grill,

Inc.

a

121,360

258

Domino's

Pizza,

Inc.

95,656

339

Etsy,

Inc.

a

67,491

523

Five

Below,

Inc.

a

91,907

320

Lithia

Motors,

Inc.

101,978

20

NVR,

Inc.

a

88,930

1,882

Planet

Fitness,

Inc.

a

135,504

509

Ulta

Beauty,

Inc.

a

142,398

Total

1,475,697

Consumer

Staples

(2.4%)

437

Casey's

General

Stores,

Inc.

81,929

1,346

Lamb

Weston

Holdings,

Inc.

100,546

898

Monster

Beverage

Corporation

a

77,973

Total

260,448

Financials

(5.3%)

1,606

Arch

Capital

Group,

Ltd.

a

50,444

730

Arthur

J.

Gallagher

&

Company

84,249

471

Kinsale

Capital

Group,

Inc.

88,341

319

MSCI,

Inc.

126,101

493

Signature

Bank

81,439

2,055

Western

Alliance

Bancorp

140,110

Total

570,684

Health

Care

(19.1%)

2,499

ACADIA

Pharmaceuticals,

Inc.

a

120,077

335

Argenx

SE

ADR

a

98,162

620

Biohaven

Pharmaceutical

Holding

Company,

Ltd.

a

52,836

372

Bio-

Techne

Corporation

120,866

1,320

Catalent

,

Inc.

a

151,866

477

Dexcom

,

Inc.

a

178,803

471

Global

Blood

Therapeutics,

Inc.

a

23,607

1,402

GoodRx

Holdings,

Inc.

a

65,361

1,330

Guardant

Health,

Inc.

a

206,815

650

Insulet

Corporation

a

173,667

430

Ionis

Pharmaceuticals,

Inc.

a

25,830

881

LHC

Group,

Inc.

a

175,513

667

Nevro

Corporation

a

107,914

745

PRA

Health

Sciences,

Inc.

a

91,814

308

Sarepta

Therapeutics,

Inc.

a

27,535

456

Teleflex,

Inc.

172,199

471

Veeva

Systems,

Inc.

a

130,203

695

Zoetis,

Inc.

107,204

852

Zymeworks

,

Inc.

a

28,815

Total

2,059,087

Industrials

(14.3%)

7,180

Arconic

,

Inc.

176,484

1,218

ASGN,

Inc.

a

100,984

Shares

Common

Stock

(94.7%)

Value

Industrials

(14.3%)

-

continued

899

Chart

Industries,

Inc.

a

$

107,979

487

Generac

Holdings,

Inc.

a

120,007

699

IDEX

Corporation

130,147

1,196

Mercury

Systems,

Inc.

a

84,988

615

Middleby

Corporation

a

83,468

455

Old

Dominion

Freight

Line,

Inc.

88,270

1,081

Regal-Beloit

Corporation

135,644

1,780

TransUnion

154,931

1,008

Trex

Company,

Inc.

a

92,504

1,105

United

Rentals,

Inc.

a

268,526

Total

1,543,932

Information

Technology

(28.1%)

712

Amphenol

Corporation

88,915

1,938

Anaplan,

Inc.

a

129,265

484

Atlassian

Corporation

plc

a

111,867

569

Bandwidth,

Inc.

a

101,362

1,583

BigCommerce

Holdings,

Inc.

a

126,545

413

Coupa

Software,

Inc.

a

127,976

825

DocuSign,

Inc.

a

192,134

2,405

Elastic

NV

a

365,464

263

EPAM

Systems,

Inc.

a

90,585

837

Euronet

Worldwide,

Inc.

a

104,591

982

Global

Payments,

Inc.

173,343

142

Lam

Research

Corporation

68,721

1,354

Lumentum

Holdings,

Inc.

a

127,005

2,111

Medallia

,

Inc.

a

87,606

797

MKS

Instruments,

Inc.

125,982

544

Monolithic

Power

Systems,

Inc.

193,278

394

Nice,

Ltd.

ADR

a

102,944

384

Okta

,

Inc.

a

99,460

505

Palo

Alto

Networks,

Inc.

a

177,129

505

Qorvo

,

Inc.

a

86,294

136

ServiceNow

,

Inc.

a

73,870

3,764

STMicroelectronics

NV

ADR

150,372

585

Zscaler

,

Inc.

a

116,824

Total

3,021,532

Materials

(2.2%)

550

Martin

Marietta

Materials,

Inc.

158,076

308

Quaker

Chemical

Corporation

80,736

Total

238,812

Real

Estate

(4.3%)

432

Camden

Property

Trust

44,129

2,361

CBRE

Group,

Inc.

a

143,973

197

CoStar

Group,

Inc.

a

177,243

368

Equity

Lifestyle

Properties,

Inc.

22,389

279

SBA

Communications

Corporation

74,959

Total

462,693

Total

Common

Stock

(cost

$8,140,411)

10,201,950

Shares

Collateral

Held

for

Securities

Loaned

(

1.0%

)

Value

106,250

Thrivent

Cash

Management

Trust

106,250

Total

Collateral

Held

for

Securities

Loaned

(cost

$106,250)

106,250

Mid

Cap

Growth

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

129

Shares

Registered

Investment

Companies

(

0.3%

)

Value

Unaffiliated  (0.3%)

441

SPDR

S&P

Oil

&

Gas

Exploration

ETF

$

28,365

Total

28,365

Total

Registered

Investment

Companies

(cost

$26,291)

28,365

Shares

Short-Term

Investments

(

2.6%

)

Value

Thrivent

Core

Short-Term

Reserve

Fund

28,597

0.200%

285,972

Total

Short-Term

Investments

(cost

$285,972)

285,972

Total

Investments

(cost

$8,558,924)

98.6%

$10,622,537

Other

Assets

and

Liabilities,

Net

1.4%

149,688

Total

Net

Assets

100.0%

$10,772,225

a

Non-income

producing

security.

b

All

or

a

portion

of

the

security

is

on

loan.

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Mid

Cap

Growth

Fund

as

of

January

29,

2021:

Securities

Lending

Transactions

Common

Stock

$

101,820

Total

lending

$101,820

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$106,250

Net

amounts

due

to

counterparty

$4,430

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

ETF

-

Exchange

Traded

Fund

SPDR

-

S&P

Depository

Receipts,

which

are

exchange-traded

funds

traded

in

the

U.S.,

Europe,

and

Asia-Pacific

and

managed

by

State

Street

Global

Advisors.

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

January

29,

2021,

in

valuing

Mid

Cap

Growth

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

569,065

569,065

–

–

Consumer

Discretionary

1,475,697

1,475,697

–

–

Consumer

Staples

260,448

260,448

–

–

Financials

570,684

570,684

–

–

Health

Care

2,059,087

2,059,087

–

–

Industrials

1,543,932

1,543,932

–

–

Information

Technology

3,021,532

3,021,532

–

–

Materials

238,812

238,812

–

–

Real

Estate

462,693

462,693

–

–

Registered

Investment

Companies

Unaffiliated

28,365

28,365

–

–

Subtotal

Investments

in

Securities

$10,230,315

$10,230,315

$–

$–

Other

Investments  *

Total

Affiliated

Short-Term

Investments

285,972

Collateral

Held

for

Securities

Loaned

106,250

Subtotal

Other

Investments

$392,222

Total

Investments

at

Value

$10,622,537

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

this

table

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Mid

Cap

Growth

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

130

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Mid

Cap

Growth

Fund,

is

as

follows:

Fund

Value

10/31/2020

Gross

Purchases

Gross

Sales

Value

1/29/2021

Shares

Held

at

1/29/2021

%

of

Net

Assets

1/29/2021

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

$43

$2,719

$2,476

$286

29

2.6%

Total

Affiliated

Short-Term

Investments

43

286

2.6

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

69

315

278

106

106

1.0

Total

Collateral

Held

for

Securities

Loaned

69

106

1.0

Total

Value

$112

$392

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2020

-

1/29/2021

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

$–

$–

$–

$0

Total

Income/Non

Income

Cash

from

Affiliated

Investments

$0

Cash

Management

Trust-

Collateral

Investment  

–

–

0

0

Total

Affiliated

Income

from

Securities

Loaned,

Net

$0

Total

$–

$–

$0

Mid

Cap

Stock

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

131

Shares

Common

Stock

(

95.8%

)

Value

Communications

Services

(2.8%)

958,847

DISH

Network

Corporation

a

$

27,825,740

356,260

Zillow

Group,

Inc.

a

49,420,387

Total

77,246,127

Consumer

Discretionary

(12.9%)

342,037

Aptiv

plc

45,696,143

86,135

Domino's

Pizza,

Inc.

31,935,412

259,286

Expedia

Group,

Inc.

32,177,393

1,046,109

Harley-Davidson,

Inc.

41,938,510

205,404

Lululemon

Athletica

,

Inc.

a

67,512,187

16,987

NVR,

Inc.

a

75,532,356

123,120

RH

a,b

58,526,323

Total

353,318,324

Consumer

Staples

(3.6%)

1,593,346

Hain

Celestial

Group,

Inc.

a

66,259,294

452,916

Lamb

Weston

Holdings,

Inc.

33,832,825

Total

100,092,119

Energy

(2.4%)

2,467,379

Devon

Energy

Corporation

40,613,059

439,047

Valero

Energy

Corporation

24,775,422

Total

65,388,481

Financials

(16.2%)

1,715,102

Ally

Financial,

Inc.

64,899,460

506,249

Arch

Capital

Group,

Ltd.

a

15,901,281

1,434,237

Assured

Guaranty,

Ltd.

51,273,973

1,663,415

Equitable

Holdings,

Inc.

41,219,424

227,982

Interactive

Brokers

Group,

Inc.

13,950,218

195,396

Kemper

Corporation

13,746,109

2,862,420

KeyCorp

48,260,401

257,132

Kinsale

Capital

Group,

Inc.

48,227,678

1,497,365

Radian

Group,

Inc.

28,749,408

970,563

Western

Alliance

Bancorp

66,172,985

1,147,212

Zions

Bancorporations

NA

50,637,938

Total

443,038,875

Health

Care

(9.8%)

67,690

Align

Technology,

Inc.

a

35,562,972

336,995

Catalent

,

Inc.

a

38,771,275

436,332

Edwards

Lifesciences

Corporation

a

36,032,297

369,444

Jazz

Pharmaceuticals,

Inc.

a

57,448,542

641,610

NuVasive

,

Inc.

a

34,480,121

120,964

Quidel

Corporation

a

30,358,335

387,425

Syneos

Health,

Inc.

a

28,805,049

47,987

Universal

Health

Services,

Inc.

5,983,019

Total

267,441,610

Industrials

(18.9%)

548,326

Advanced

Drainage

Systems,

Inc.

45,225,929

1,162,667

Altra

Industrial

Motion

Corporation

59,772,710

2,307,755

Arconic

,

Inc.

56,724,618

314,920

Heico

Corporation

37,078,681

826,126

Nutrien

,

Ltd.

40,620,615

243,159

Old

Dominion

Freight

Line,

Inc.

47,172,846

273,592

Regal-Beloit

Corporation

34,330,324

1,351,877

Southwest

Airlines

Company

59,401,475

728,510

Timken

Company

55,119,067

342,130

United

Rentals,

Inc.

a

83,141,011

Total

518,587,276

Information

Technology

(14.6%)

453,286

Akamai

Technologies,

Inc.

a

50,328,344

Shares

Common

Stock

(95.8%)

Value

Information

Technology

(14.6%)

-

continued

540,236

Alliance

Data

Systems

Corporation

$

36,546,965

159,234

ANSYS,

Inc.

a

56,427,753

602,710

Ciena

Corporation

a

32,178,687

1,432,984

Dropbox,

Inc.

a

32,428,428

198,076

Enphase

Energy,

Inc.

a

36,119,159

150,277

Nice,

Ltd.

ADR

a,b

39,264,374

2,565,133

Nuance

Communications,

Inc.

a,b

116,816,157

Total

400,109,867

Materials

(3.1%)

590,356

Ball

Corporation

51,963,135

974,186

Steel

Dynamics,

Inc.

33,385,354

Total

85,348,489

Real

Estate

(6.4%)

160,839

Alexandria

Real

Estate

Equities,

Inc.

26,877,805

376,287

Camden

Property

Trust

38,437,717

184,924

Digital

Realty

Trust,

Inc.

26,619,810

835,426

Douglas

Emmett,

Inc.

23,149,655

817,765

Duke

Realty

Corporation

32,350,783

1,989,579

Host

Hotels

&

Resorts,

Inc.

26,958,795

Total

174,394,565

Utilities

(5.1%)

653,816

Alliant

Energy

Corporation

31,808,149

1,626,690

CenterPoint

Energy,

Inc.

34,306,892

550,998

CMS

Energy

Corporation

31,340,766

435,124

Entergy

Corporation

41,480,371

Total

138,936,178

Total

Common

Stock

(cost

$1,841,976,382)

2,623,901,911

Shares

Collateral

Held

for

Securities

Loaned

(

2.4%

)

Value

64,684,650

Thrivent

Cash

Management

Trust

64,684,650

Total

Collateral

Held

for

Securities

Loaned

(cost

$64,684,650)

64,684,650

Shares

Short-Term

Investments

(

4.2%

)

Value

Thrivent

Core

Short-Term

Reserve

Fund

11,587,960

0.200%

115,879,599

Total

Short-Term

Investments

(cost

$115,851,461)

115,879,599

Total

Investments

(cost

$2,022,512,493)

102.4%

$2,804,466,160

Other

Assets

and

Liabilities,

Net

(2.4%)

(64,903,147)

Total

Net

Assets

100.0%

$2,739,563,013

a

Non-income

producing

security.

b

All

or

a

portion

of

the

security

is

on

loan.

Mid

Cap

Stock

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

132

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Mid

Cap

Stock

Fund

as

of

January

29,

2021:

Securities

Lending

Transactions

Common

Stock

$

63,060,772

Total

lending

$63,060,772

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$64,684,650

Net

amounts

due

to

counterparty

$1,623,878

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

January

29,

2021,

in

valuing

Mid

Cap

Stock

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

77,246,127

77,246,127

–

–

Consumer

Discretionary

353,318,324

353,318,324

–

–

Consumer

Staples

100,092,119

100,092,119

–

–

Energy

65,388,481

65,388,481

–

–

Financials

443,038,875

443,038,875

–

–

Health

Care

267,441,610

267,441,610

–

–

Industrials

518,587,276

518,587,276

–

–

Information

Technology

400,109,867

400,109,867

–

–

Materials

85,348,489

85,348,489

–

–

Real

Estate

174,394,565

174,394,565

–

–

Utilities

138,936,178

138,936,178

–

–

Subtotal

Investments

in

Securities

$2,623,901,911

$2,623,901,911

$–

$–

Other

Investments  *

Total

Affiliated

Short-Term

Investments

115,879,599

Collateral

Held

for

Securities

Loaned

64,684,650

Subtotal

Other

Investments

$180,564,249

Total

Investments

at

Value

$2,804,466,160

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

this

table

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Mid

Cap

Stock

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

133

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Mid

Cap

Stock

Fund,

is

as

follows:

Fund

Value

10/31/2020

Gross

Purchases

Gross

Sales

Value

1/29/2021

Shares

Held

at

1/29/2021

%

of

Net

Assets

1/29/2021

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

$46,631

$145,412

$76,163

$115,880

11,588

4.2%

Total

Affiliated

Short-Term

Investments

46,631

115,880

4.2

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

82,394

56,070

73,779

64,685

64,685

2.4

Total

Collateral

Held

for

Securities

Loaned

82,394

64,685

2.4

Total

Value

$129,025

$180,565

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2020

-

1/29/2021

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

$–

$–

$–

$52

Total

Income/Non

Income

Cash

from

Affiliated

Investments

$52

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

–

4

10

Total

Affiliated

Income

from

Securities

Loaned,

Net

$10

Total

$–

$–

$4

Mid

Cap

Value

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

134

Shares

Common

Stock

(

98.5%

)

Value

Communications

Services

(6.5%)

2,181

Discovery,

Inc.,

Class

A

a,b

$

90,337

5,704

Imax

Corporation

b

107,806

5,774

Interpublic

Group

of

Companies,

Inc.

138,980

2,484

Playtika

Holding

Corporation

b

72,384

Total

409,507

Consumer

Discretionary

(12.9%)

704

Aptiv

plc

94,054

1,737

Cedar

Fair,

LP

69,654

1,447

Dollar

Tree,

Inc.

b

147,102

1,467

eBay,

Inc.

82,900

858

Lear

Corporation

129,352

655

Mohawk

Industries,

Inc.

b

94,058

1,160

Polaris,

Inc.

135,337

1,982

Tapestry,

Inc.

62,671

Total

815,128

Consumer

Staples

(4.5%)

5,113

Albertsons

Companies,

Inc.

88,813

688

Church

&

Dwight

Company,

Inc.

58,088

2,341

Hain

Celestial

Group,

Inc.

b

97,351

589

Sysco

Corporation

42,119

Total

286,371

Energy

(5.8%)

3,128

Enterprise

Products

Partners,

LP

63,279

3,882

Helmerich

&

Payne,

Inc.

94,255

1,867

Marathon

Petroleum

Corporation

80,580

1,038

Pioneer

Natural

Resources

Company

125,494

Total

363,608

Financials

(19.2%)

1,295

Capital

One

Financial

Corporation

135,017

973

Cboe

Global

Markets,

Inc.

89,253

1,303

Comerica,

Inc.

74,532

2,736

Equitable

Holdings,

Inc.

67,798

3,121

Hartford

Financial

Services

Group,

Inc.

149,870

340

Kemper

Corporation

23,919

1,016

Raymond

James

Financial,

Inc.

101,529

1,797

Selective

Insurance

Group,

Inc.

116,769

2,830

Trustmark

Corporation

77,740

1,885

Voya

Financial,

Inc.

104,542

2,604

Wintrust

Financial

Corporation

156,735

2,516

Zions

Bancorporations

NA

111,056

Total

1,208,760

Health

Care

(7.8%)

1,205

Acadia

Healthcare

Company,

Inc.

b

61,069

1,542

Centene

Corporation

b

92,983

520

Ionis

Pharmaceuticals,

Inc.

b

31,236

724

Jazz

Pharmaceuticals,

Inc.

b

112,582

1,157

Syneos

Health,

Inc.

b

86,023

685

Zimmer

Biomet

Holdings,

Inc.

105,264

Total

489,157

Industrials

(13.3%)

998

AGCO

Corporation

110,678

982

Carlisle

Companies,

Inc.

142,321

1,651

Crane

Company

124,948

592

JB

Hunt

Transport

Services,

Inc.

79,719

487

Lincoln

Electric

Holdings,

Inc.

55,761

Shares

Common

Stock

(98.5%)

Value

Industrials

(13.3%)

-

continued

2,837

Meritor,

Inc.

b

$

73,223

1,935

Robert

Half

International,

Inc.

130,613

2,680

Southwest

Airlines

Company

117,759

Total

835,022

Information

Technology

(10.3%)

3,540

Change

Healthcare,

Inc.

b

84,465

2,220

Jabil,

Inc.

91,842

3,182

Juniper

Networks,

Inc.

77,705

271

Littelfuse

,

Inc.

65,953

3,772

ON

Semiconductor

Corporation

b

130,096

808

PTC,

Inc.

b

107,391

1,566

Western

Digital

Corporation

88,369

Total

645,821

Materials

(7.1%)

4,635

Axalta

Coating

Systems,

Ltd.

b

125,099

2,873

Berry

Plastics

Group,

Inc.

b

141,840

1,609

CF

Industries

Holdings,

Inc.

66,580

684

LyondellBasell

Industries

NV

58,660

1,152

Nucor

Corporation

56,137

Total

448,316

Real

Estate

(7.0%)

686

Camden

Property

Trust

70,075

2,018

CBRE

Group,

Inc.

b

123,058

1,945

Highwoods

Properties,

Inc.

72,918

8,144

Host

Hotels

&

Resorts,

Inc.

110,351

2,018

Rayonier,

Inc.

REIT

62,053

Total

438,455

Utilities

(4.1%)

1,083

Alliant

Energy

Corporation

52,688

4,976

CenterPoint

Energy,

Inc.

104,944

357

Entergy

Corporation

34,033

1,303

Evergy

,

Inc.

70,010

Total

261,675

Total

Common

Stock

(cost

$5,095,602)

6,201,820

Shares

Collateral

Held

for

Securities

Loaned

(

1.4%

)

Value

85,876

Thrivent

Cash

Management

Trust

85,876

Total

Collateral

Held

for

Securities

Loaned

(cost

$85,876)

85,876

Shares

Registered

Investment

Companies

(

1.3%

)

Value

Unaffiliated  (1.3%)

2,034

Fidelity

US

Utilities

ETF

81,848

Total

81,848

Total

Registered

Investment

Companies

(cost

$78,037)

81,848

Total

Investments

(cost

$5,259,515)

101.2%

$6,369,544

Other

Assets

and

Liabilities,

Net

(1.2%)

(74,084)

Total

Net

Assets

100.0%

$6,295,460

Mid

Cap

Value

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

135

a

All

or

a

portion

of

the

security

is

on

loan.

b

Non-income

producing

security.

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Mid

Cap

Value

Fund

as

of

January

29,

2021:

Securities

Lending

Transactions

Common

Stock

$

84,994

Total

lending

$84,994

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$85,876

Net

amounts

due

to

counterparty

$882

Definitions:

ETF

-

Exchange

Traded

Fund

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

January

29,

2021,

in

valuing

Mid

Cap

Value

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

409,507

409,507

–

–

Consumer

Discretionary

815,128

815,128

–

–

Consumer

Staples

286,371

286,371

–

–

Energy

363,608

363,608

–

–

Financials

1,208,760

1,208,760

–

–

Health

Care

489,157

489,157

–

–

Industrials

835,022

835,022

–

–

Information

Technology

645,821

645,821

–

–

Materials

448,316

448,316

–

–

Real

Estate

438,455

438,455

–

–

Utilities

261,675

261,675

–

–

Registered

Investment

Companies

Unaffiliated

81,848

81,848

–

–

Subtotal

Investments

in

Securities

$6,283,668

$6,283,668

$–

$–

Other

Investments  *

Total

Collateral

Held

for

Securities

Loaned

85,876

Subtotal

Other

Investments

$85,876

Total

Investments

at

Value

$6,369,544

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

this

table

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Mid

Cap

Value

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

136

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Mid

Cap

Value

Fund,

is

as

follows:

Fund

Value

10/31/2020

Gross

Purchases

Gross

Sales

Value

1/29/2021

Shares

Held

at

1/29/2021

%

of

Net

Assets

1/29/2021

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

$41

$688

$729

$–

–

–%

Total

Affiliated

Short-Term

Investments

41

–

–

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

163

205

282

86

86

1.4

Total

Collateral

Held

for

Securities

Loaned

163

86

1.4

Total

Value

$204

$86

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2020

-

1/29/2021

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

$0

$0

$–

$0

Total

Income/Non

Income

Cash

from

Affiliated

Investments

$0

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

–

0

2

Total

Affiliated

Income

from

Securities

Loaned,

Net

$2

Total

$0

$0

$0

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

137

Principal

Amount

Bank

Loans

(

1.6%

)

a

Value

Basic

Materials

(0.1%)

Avantor

Funding,

Inc.,

Term

Loan

$

300,000

3.500%, 

(LIBOR

1M

+

2.500%),

11/6/2027

b

$

300,876

Ball

Metalpack

Finco,

LLC,

Term

Loan

160,875

4.733%, 

(LIBOR

3M

+

4.500%),

7/31/2025

b

159,669

Chemours

Company,

Term

Loan

267,375

1.880%, 

(LIBOR

1M

+

1.750%),

4/3/2025

b

265,103

Hexion,

Inc.,

Term

Loan

228,262

3.740%, 

(LIBOR

3M

+

3.500%),

7/1/2026

b

228,451

INEOS

US

Petrochem,

LLC,

Term

Loan

405,000

0.000%, 

(LIBOR

1M

+

2.750%),

1/21/2026

b,c,d

406,183

Innophos

Holdings,

Inc.,

Term

Loan

223,312

3.621%, 

(LIBOR

1M

+

3.500%),

2/7/2027

b

223,127

Momentive

Performance

Materials

USA,

LLC,

Term

Loan

221,625

3.380%, 

(LIBOR

1M

+

3.250%),

5/15/2024

b

219,409

Nouryon

USA,

LLC,

Term

Loan

600,265

3.129%, 

(LIBOR

1M

+

3.000%),

10/1/2025

b

597,263

Pixelle

Specialty

Solutions,

LLC,

Term

Loan

394,764

7.500%, 

(LIBOR

1M

+

6.500%),

10/31/2024

b

394,862

PQ

Corporation,

Term

Loan

189,320

4.000%, 

(LIBOR

3M

+

3.000%),

2/7/2027

b

189,415

Total

2,984,358

Capital

Goods

(0.1%)

Asplundh

Tree

Expert,

LLC,

Term

Loan

159,600

2.621%, 

(LIBOR

1M

+

2.500%),

9/4/2027

b

159,932

Flex

Acquisition

Company,

Inc.

Term

Loan

457,889

3.238%, 

(LIBOR

3M

+

3.000%),

6/29/2025

b

454,629

Gemini

HDPE,

LLC,

Term

Loan

365,000

3.500%, 

(LIBOR

3M

+

3.000%),

12/28/2027

b,c,d

362,416

GFL

Environmental,

Inc.,

Term

Loan

370,000

3.500%, 

(LIBOR

3M

+

3.000%),

5/31/2025

b

371,232

Graham

Packaging

Company,

Inc.,

Term

Loan

220,424

4.500%, 

(LIBOR

1M

+

3.750%),

8/4/2027

b

220,944

Mauser

Packaging

Solutions

Holding

Company,

Term

Loan

325,780

3.381%, 

(LIBOR

1M

+

3.250%),

4/3/2024

b

319,333

Principal

Amount

Bank

Loans

(1.6%)

a

Value

Capital

Goods

(0.1%)

-

continued

MI

Windows

and

Doors,

Inc.,

Term

Loan

$

340,000

4.500%, 

(LIBOR

1M

+

3.750%),

12/15/2027

b,e

$

342,550

Navistar,

Inc.,

Term

Loan

455,900

3.630%, 

(LIBOR

1M

+

3.500%),

11/6/2024

b

454,874

Pactiv

Evergreen

Group

Holdings,

Inc.,

Term

Loan

315,077

2.871%, 

(LIBOR

1M

+

2.750%),

2/5/2023

b

314,881

165,000

3.371%, 

(LIBOR

1M

+

3.250%),

2/16/2026

b

165,083

TransDigm,

Inc.,

Term

Loan

796,950

2.371%, 

(LIBOR

1M

+

2.250%),

12/9/2025

b

782,589

Vertiv

Group

Corporation,

Term

Loan

759,263

3.144%, 

(LIBOR

1M

+

3.000%),

3/2/2027

b

759,718

Total

4,708,181

Communications

Services

(0.4%)

Altice

France

SA,

Term

Loan

187,687

2.871%, 

(LIBOR

1M

+

2.750%),

7/31/2025

b

185,186

Cablevision

Lightpath,

LLC,

Term

Loan

364,088

3.750%, 

(LIBOR

1M

+

3.250%),

12/1/2027

b

364,998

CCI

Buyer,

Inc.,

Term

Loan

100,000

4.750%, 

(LIBOR

2M

+

4.000%),

12/12/2027

b

100,600

CommScope,

Inc.,

Term

Loan

426,341

3.371%, 

(LIBOR

1M

+

3.250%),

4/4/2026

b

424,943

Coral-US

Co-Borrower,

LLC,

Term

Loan

940,000

2.371%, 

(LIBOR

1M

+

2.250%),

1/31/2028

b

934,717

Diamond

Sports

Group,

LLC,

Term

Loan

683,236

3.380%, 

(LIBOR

1M

+

3.250%),

8/24/2026

b

580,183

E.W.

Scripps

Company,

Term

Loan

370,000

3.750%, 

(LIBOR

1M

+

3.000%),

12/15/2027

b,c,d

369,722

Eagle

Broadband

Investments,

LLC,

Term

Loan

600,000

3.750%, 

(LIBOR

3M

+

3.000%),

11/12/2027

b

602,376

Entercom

Media

Corporation,

Term

Loan

338,629

2.623%, 

(LIBOR

1M

+

2.500%),

11/17/2024

b

333,269

GCI,

LLC,

Term

Loan

573,563

3.500%, 

(LIBOR

1M

+

2.750%),

10/15/2025

b,c,d

572,846

Gray

Television,

Inc.,

Term

Loan

205,000

2.394%, 

(LIBOR

1M

+

2.250%),

2/7/2024

b

203,848

HCP

Acquisition,

LLC,

Term

Loan

560,773

4.000%, 

(LIBOR

1M

+

3.000%),

5/16/2024

b

561,575

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

138

Principal

Amount

Bank

Loans

(1.6%)

a

Value

Communications

Services

(0.4%)

-

continued

iHeartCommunications,

Inc.,

Term

Loan

$

263,008

3.121%, 

(LIBOR

1M

+

3.000%),

5/1/2026

b

$

259,523

Lumen

Technologies,

Inc.,

Term

Loan

805,109

2.371%, 

(LIBOR

1M

+

2.250%),

3/15/2027

b

801,687

Meredith

Corporation,

Term

Loan

314,211

5.250%, 

(LIBOR

3M

+

4.250%),

1/31/2025

b

319,122

NEP

Group,

Inc.,

Term

Loan

328,548

3.371%, 

(LIBOR

1M

+

3.250%),

10/20/2025

b

312,850

40,000

7.121%, 

(LIBOR

1M

+

7.000%),

10/19/2026

b

35,720

Nexstar

Broadcasting,

Inc.,

Term

Loan

507,431

2.894%, 

(LIBOR

1M

+

2.750%),

9/19/2026

b

507,360

Nielsen

Finance,

LLC,

Term

Loan

183,612

4.750%, 

(LIBOR

1M

+

3.750%),

6/4/2025

b

184,646

Radiate

Holdco,

LLC,

Term

Loan

860,000

4.250%, 

(LIBOR

1M

+

3.500%),

9/25/2026

b

859,286

SBA

Senior

Finance

II,

LLC,

Term

Loan

405,036

1.880%, 

(LIBOR

1M

+

1.750%),

4/11/2025

b

403,104

Terrier

Media

Buyer,

Inc.,

Term

Loan

500,000

0.000%, 

(LIBOR

1M

+

3.500%),

12/17/2026

b,c,d

499,250

277,200

4.371%, 

(LIBOR

1M

+

4.250%),

12/17/2026

b

276,992

144,275

4.371%, 

(LIBOR

1M

+

4.250%),

12/17/2026

b

144,275

TNS,

Inc.,

Term

Loan

529,495

4.130%, 

(LIBOR

1M

+

4.000%),

8/14/2022

b

529,829

Virgin

Media

Bristol,

LLC,

Term

Loan

590,000

0.000%, 

(LIBOR

1M

+

3.250%),

1/31/2029

b,c,d

590,083

WideOpenWest

Finance,

LLC,

Term

Loan

430,255

4.250%, 

(LIBOR

1M

+

3.250%),

8/19/2023

b

428,913

Xplornet

Communications,

Inc.,

Term

Loan

373,337

4.871%, 

(LIBOR

1M

+

4.750%),

6/10/2027

b

376,271

Ziggo

Financing

Partnership,

Term

Loan

500,000

2.627%, 

(LIBOR

1M

+

2.500%),

4/30/2028

b

496,665

Total

12,259,839

Consumer

Cyclical

(0.2%)

1011778

B.C.,

LLC,

Term

Loan

562,161

1.871%, 

(LIBOR

1M

+

1.750%),

11/19/2026

b

557,827

Principal

Amount

Bank

Loans

(1.6%)

a

Value

Consumer

Cyclical

(0.2%)

-

continued

Caesars

Resort

Collection,

LLC,

Term

Loan

$

483,788

4.621%, 

(LIBOR

1M

+

4.500%),

7/20/2025

b

$

483,183

Carnival

Corporation,

Term

Loan

244,386

8.500%, 

(LIBOR

1M

+

7.500%),

6/30/2025

b

251,261

Cengage

Learning,

Inc.,

Term

Loan

237,986

5.250%, 

(LIBOR

3M

+

4.250%),

6/7/2023

b

228,438

CP

Atlas

Buyer,

Inc.,

Term

Loan

190,000

0.000%, 

(LIBOR

1M

+

3.750%),

12/27/2027

b,c,d

190,000

Four

Seasons

Hotels,

Ltd.,

Term

Loan

339,394

2.121%, 

(LIBOR

1M

+

2.000%),

11/30/2023

b

337,952

Golden

Entertainment,

Inc.,

Term

Loan

726,375

3.750%, 

(LIBOR

1M

+

3.000%),

10/20/2024

b

719,416

Golden

Nugget,

LLC,

Term

Loan

358,707

3.365%, 

(LIBOR

2M

+

2.500%),

10/4/2023

b

350,974

Harbor

Freight

Tools

USA,

Inc.,

Term

Loan

468,825

4.000%, 

(LIBOR

1M

+

3.250%),

10/19/2027

b

469,059

LCPR

Loan

Financing,

LLC,

Term

Loan

745,000

5.127%, 

(LIBOR

1M

+

5.000%),

10/15/2026

b

750,818

Michaels

Stores,

Inc.,

Term

Loan

338,300

4.250%, 

(LIBOR

1M

+

3.500%),

10/1/2027

b

337,454

Penn

National

Gaming,

Inc.,

Term

Loan

219,529

3.000%, 

(LIBOR

1M

+

2.250%),

10/15/2025

b

218,432

PetSmart,

Inc.,

Term

Loan

165,000

0.000%, 

(LIBOR

1M

+

3.750%),

1/29/2028

b,c,d

164,794

Scientific

Games

International,

Inc.,

Term

Loan

1,203,169

2.871%, 

(LIBOR

1M

+

2.750%),

8/14/2024

b

1,181,367

Staples,

Inc.,

Term

Loan

129,692

4.714%, 

(LIBOR

3M

+

4.500%),

9/12/2024

b

127,681

228,045

5.214%, 

(LIBOR

3M

+

5.000%),

4/12/2026

b

222,914

Stars

Group

Holdings

BV,

Term

Loan

329,950

3.754%, 

(LIBOR

3M

+

3.500%),

7/10/2025

b

330,679

Tenneco,

Inc.,

Term

Loan

361,508

3.121%, 

(LIBOR

1M

+

3.000%),

10/1/2025

b

356,899

Truck

Hero,

Inc.,

Term

Loan

90,000

0.000%, 

(LIBOR

1M

+

3.750%),

1/20/2028

b,c,d

90,045

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

139

Principal

Amount

Bank

Loans

(1.6%)

a

Value

Consumer

Cyclical

(0.2%)

-

continued

Wyndham

Hotels

&

Resorts,

Inc.,

Term

Loan

$

239,487

1.871%, 

(LIBOR

1M

+

1.750%),

5/30/2025

b

$

237,825

Total

7,607,018

Consumer

Non-Cyclical

(0.3%)

Adient

US,

LLC,

Term

Loan

289,266

4.394%, 

(LIBOR

1M

+

4.250%),

5/6/2024

b

289,266

Aramark

Services,

Inc.,

Term

Loan

565,000

1.871%, 

(LIBOR

1M

+

1.750%),

3/11/2025

b

559,350

Bausch

Health

Americas,

Inc.,

Term

Loan

592,390

3.121%, 

(LIBOR

1M

+

3.000%),

6/1/2025

b

592,484

Bellring

Brands,

LLC,

Term

Loan

128,851

6.000%, 

(LIBOR

1M

+

5.000%),

10/21/2024

b

129,881

Change

Healthcare

Holdings,

LLC,

Term

Loan

255,864

3.500%, 

(LIBOR

1M

+

2.500%),

3/1/2024

b

255,864

Chobani,

LLC,

Term

Loan

189,525

4.500%, 

(LIBOR

1M

+

3.500%),

10/23/2027

b

190,118

CNT

Holdings

I

Corporation,

Term

Loan

245,000

4.500%, 

(LIBOR

3M

+

3.750%),

11/8/2027

b

246,051

70,000

7.500%, 

(LIBOR

3M

+

6.750%),

11/6/2028

b,e

71,400

Dole

Food

Company,

Inc.,

Term

Loan

447,031

3.750%, 

(LIBOR

1M

+

2.750%),

4/6/2024

b

446,713

Endo

International

plc,

Term

Loan

377,724

5.000%, 

(LIBOR

3M

+

4.250%),

4/27/2024

b

374,419

Froneri

U.S.,

Inc.,

Term

Loan

159,200

2.371%, 

(LIBOR

1M

+

2.250%),

1/31/2027

b

158,294

Global

Medical

Response,

Inc.,

Term

Loan

101,850

5.250%, 

(LIBOR

3M

+

4.250%),

3/14/2025

b

101,570

1,120,000

5.750%, 

(LIBOR

3M

+

4.750%),

10/2/2025

b

1,120,280

Grifols

Worldwide

Operations

USA,

Inc.,

Term

Loan

339,143

2.092%, 

(LIBOR

1W

+

2.000%),

11/15/2027

b

338,296

IQVIA,

Inc.,

Term

Loan

129,000

1.871%, 

(LIBOR

1M

+

1.750%),

1/1/2025

b

128,807

JBS

USA

LUX

SA,

Term

Loan

562,839

2.121%, 

(LIBOR

1M

+

2.000%),

5/1/2026

b

561,668

MPH

Acquisition

Holdings,

LLC,

Term

Loan

829,284

3.750%, 

(LIBOR

3M

+

2.750%),

6/7/2023

b

827,783

Principal

Amount

Bank

Loans

(1.6%)

a

Value

Consumer

Non-Cyclical

(0.3%)

-

continued

Ortho-Clinical

Diagnostics

SA,

Term

Loan

$

967,355

3.394%, 

(PRIME

+

2.250%),

6/30/2025

b

$

964,453

Plantronics,

Inc.,

Term

Loan

266,445

2.621%, 

(LIBOR

1M

+

2.500%),

7/2/2025

b

263,298

PPD,

Inc.,

Term

Loan

310,000

2.750%, 

(LIBOR

1M

+

2.250%),

1/6/2028

b

311,163

Precision

Medicine

Group,

LLC,

Term

Loan

55,000

0.000%, 

(LIBOR

1M

+

3.750%),

11/20/2027

b,c,d

55,172

405,000

4.500%, 

(LIBOR

3M

+

3.750%),

11/20/2027

b

406,268

Sotera

Health

Holdings,

LLC,

Term

Loan

243,000

0.000%, 

(LIBOR

1M

+

2.750%),

12/13/2026

b,c,d

242,290

US

Foods,

Inc.,

Term

Loan

183,558

1.871%, 

(LIBOR

1M

+

1.750%),

6/27/2023

b

181,681

Total

8,816,569

Energy

(0.1%)

Buckeye

Partners,

LP,

Term

Loan

400,000

0.000%, 

(LIBOR

1M

+

2.250%),

11/1/2026

b,c,d

399,776

491,287

2.897%, 

(PRIME

+

1.750%),

11/1/2026

b

491,012

Calpine

Corporation,

Term

Loan

470,000

2.630%, 

(LIBOR

1M

+

2.500%),

12/16/2027

b

470,198

Energizer

Holdings,

Inc.,

Term

Loan

130,000

2.750%, 

(LIBOR

1M

+

2.250%),

12/16/2027

b

129,919

Lealand

Finance

Company

BV,

Term

Loan

94,749

0.000%,PIK

3.000%,

(LIBOR

1M

+

4.000%),

6/30/2025

b,f

61,271

Lummus

Technology

Holdings

V,

LLC,

Term

Loan

408,975

4.121%, 

(LIBOR

1M

+

4.000%),

6/30/2027

b

409,744

Total

1,961,920

Financials

(0.2%)

Asurion,

LLC,

Term

Loan

820,000

3.371%, 

(LIBOR

1M

+

3.250%),

12/18/2026

b,c,d

815,219

215,000

0.000%, 

(LIBOR

1M

+

5.250%),

2/3/2028

b,c,d

216,612

Avolon

TLB

Borrower

1

US,

LLC,

Term

Loan

220,970

2.500%, 

(LIBOR

1M

+

1.750%),

1/15/2025

b

220,216

Blackstone

CQP

Holdco,

LP,

Term

Loan

236,400

3.736%, 

(LIBOR

3M

+

3.500%),

9/30/2024

b

236,190

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

140

Principal

Amount

Bank

Loans

(1.6%)

a

Value

Financials

(0.2%)

-

continued

BPR

Nimbus,

LLC,

Term

Loan

$

308,496

2.621%, 

(LIBOR

1M

+

2.500%),

8/24/2025

b

$

298,726

Delos

Finance

SARL,

Term

Loan

230,000

2.004%, 

(LIBOR

3M

+

1.750%),

10/6/2023

b

229,489

INEOS

US

Finance,

LLC,

Term

Loan

183,580

2.121%, 

(LIBOR

1M

+

2.000%),

3/31/2024

b

182,391

Level

3

Financing,

Inc.,

Term

Loan

475,000

1.871%, 

(LIBOR

1M

+

1.750%),

3/1/2027

b

471,737

MoneyGram

International,

Inc.,

Term

Loan

266,002

7.000%, 

(LIBOR

3M

+

6.000%),

6/30/2023

b

265,225

Newco

Financing

Partnership,

Term

Loan

392,500

3.627%, 

(LIBOR

3M

+

3.500%),

1/31/2029

b,c,d

392,402

Northriver

Midstream

Finance,

LP,

Term

Loan

385,076

3.488%, 

(LIBOR

3M

+

3.250%),

10/1/2025

b

383,632

TricorBraun

Holdings,

Inc.,

Delayed

Draw

88,141

0.000%, 

(LIBOR

1M

+

3.250%),

1/29/2028

b,c,d

87,921

TricorBraun

Holdings,

Inc.,

Term

Loan

391,860

0.000%, 

(LIBOR

1M

+

3.250%),

1/29/2028

b,c,d

390,880

Tronox

Finance,

LLC,

Term

Loan

213,653

3.183%, 

(LIBOR

3M

+

3.000%),

9/22/2024

b

213,463

UPC

Financing

Partnership,

Term

Loan

392,500

3.627%, 

(LIBOR

3M

+

3.500%),

1/31/2029

b,c,d

392,402

Total

4,796,505

Technology

(0.1%)

Clear

Channel

Outdoor

Holdings,

Inc.,

Term

Loan

423,771

3.711%, 

(LIBOR

2M

+

3.500%),

8/21/2026

b

412,778

Prime

Security

Services

Borrower,

LLC,

Term

Loan

1,130,000

0.000%, 

(LIBOR

1M

+

2.750%),

9/23/2026

b,c,d

1,128,994

Rackspace

Technology

Global,

Inc.,

Term

Loan

990,476

4.000%, 

(LIBOR

1M

+

3.000%),

11/3/2023

b

989,922

SS&C

Technologies,

Inc.,

Term

Loan

290,928

1.871%, 

(LIBOR

1M

+

1.750%),

4/16/2025

b

289,074

216,542

1.871%, 

(LIBOR

1M

+

1.750%),

4/16/2025

b

215,163

146,570

1.871%, 

(LIBOR

1M

+

1.750%),

4/16/2025

b

145,704

Principal

Amount

Bank

Loans

(1.6%)

a

Value

Technology

(0.1%)

-

continued

Zayo

Group

Holdings,

Inc.,

Term

Loan

$

645,822

3.121%, 

(LIBOR

1M

+

3.000%),

3/9/2027

b

$

641,437

Total

3,823,072

Transportation

(<0.1%)

Delta

Air

Lines,

Inc.,

Term

Loan

164,175

5.750%, 

(LIBOR

1M

+

4.750%),

4/29/2023

b

166,720

Genesee

&

Wyoming,

Inc.,

Term

Loan

451,587

2.254%, 

(LIBOR

3M

+

2.000%),

12/30/2026

b

451,023

Mileage

Plus

Holdings,

LLC,

Term

Loan

245,000

6.250%, 

(LIBOR

3M

+

5.250%),

6/20/2027

b

260,969

SkyMiles

IP,

Ltd.,

Term

Loan

320,000

4.750%, 

(LIBOR

3M

+

3.750%),

10/20/2027

b

334,720

United

Airlines,

Inc.,

Term

Loan

336,504

1.895%, 

(LIBOR

1M

+

1.750%),

4/1/2024

b

329,565

Total

1,542,997

Utilities

(0.1%)

Advanced

Drainage

Systems,

Inc.,

Term

Loan

78,490

2.438%, 

(LIBOR

1M

+

2.250%),

9/24/2026

b

78,392

Core

and

Main,

LP,

Term

Loan

519,208

3.750%, 

(LIBOR

3M

+

2.750%),

8/1/2024

b

517,651

EnergySolutions,

LLC,

Term

Loan

238,875

4.750%, 

(LIBOR

3M

+

3.750%),

5/11/2025

b,e

237,681

Exgen

Renewables

IV,

LLC,

Term

Loan

485,000

3.750%, 

(LIBOR

3M

+

2.750%),

12/11/2027

b,c,d

487,667

Pacific

Gas

and

Electric

Company,

Term

Loan

562,175

6.750%, 

(PRIME

+

3.500%),

6/23/2025

b

566,672

PG&E

Corporation,

Term

Loan

650,000

0.000%, 

(LIBOR

1M

+

3.000%),

6/23/2025

b,c,d,e

657,313

Total

2,545,376

Total

Bank

Loans

(cost

$50,647,480)

51,045,835

Shares

Registered

Investment

Companies

(

44.0%

)

Value

Unaffiliated  (1.1%)

4,436

Health

Care

Select

Sector

SPDR

Fund

510,273

575,850

Invesco

Senior

Loan

ETF

12,795,387

34,250

iShares

iBoxx

$

Investment

Grade

Corporate

Bond

ETF

g

4,644,300

1,439

iShares

Russell

2000

Index

Fund

g

295,801

5,366

ProShares

Ultra

S&P

500

g

478,916

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

141

Shares

Registered

Investment

Companies

(44.0%)

Value

Unaffiliated  (1.1%)-

continued

5,987

SPDR

Bloomberg

Barclays

High

Yield

Bond

ETF

$

648,990

35,337

SPDR

S&P

500

ETF

Trust

g

13,077,164

3,188

SPDR

S&P

Biotech

ETF

g

487,381

6,064

SPDR

S&P

Oil

&

Gas

Exploration

ETF

g

390,036

11,956

SPDR

S&P

Regional

Banking

ETF

650,048

Total

33,978,296

Affiliated  (42.9%)

7,314,615

Thrivent

Core

Emerging

Markets

Debt

Fund

74,535,932

1,859,518

Thrivent

Core

Emerging

Markets

Equity

Fund

22,704,719

1,052,872

Thrivent

Core

International

Equity

Fund

10,191,797

9,443,243

Thrivent

Core

Low

Volatility

Equity

Fund

115,963,026

2,347,282

Thrivent

Global

Stock

Fund,

Class

S

64,151,224

8,895,858

Thrivent

High

Yield

Fund,

Class

S

41,632,617

13,831,120

Thrivent

Income

Fund,

Class

S

137,757,953

13,394,631

Thrivent

International

Allocation

Fund,

Class

S

141,849,147

15,481,810

Thrivent

Large

Cap

Growth

Fund,

Class

S

267,835,315

9,522,933

Thrivent

Large

Cap

Value

Fund,

Class

S

220,646,362

5,462,802

Thrivent

Limited

Maturity

Bond

Fund,

Class

S

69,650,731

4,392,189

Thrivent

Mid

Cap

Stock

Fund,

Class

S

143,317,142

1,305,816

Thrivent

Small

Cap

Stock

Fund,

Class

S

38,417,112

Total

1,348,653,077

Total

Registered

Investment

Companies

(cost

$989,264,416)

1,382,631,373

Principal

Amount

Long-Term

Fixed

Income

(

28.7%

)

Value

Asset-Backed

Securities

(1.3%)

522

Funding

CLO,

Ltd.

$

900,000

1.824%, 

(LIBOR

3M

+

1.600%),

4/20/2030,

Ser.

2019-4A,

Class

BR

b,h

900,099

Access

Group,

Inc.

56,759

0.648%, 

(LIBOR

1M

+

0.500%),

2/25/2036,

Ser.

2013-1,

Class

A

b,h

56,237

Aimco

CLO

10,

Ltd.

800,000

1.542%, 

(LIBOR

3M

+

1.320%),

7/22/2032,

Ser.

2019-10A,

Class

A

b,h

800,691

Aimco

CLO

11,

Ltd.

1,350,000

1.605%, 

(LIBOR

3M

+

1.380%),

10/15/2031,

Ser.

2020-11A,

Class

A1

b,h

1,352,200

Ares

CLO,

Ltd.

1,000,000

1.623%, 

(LIBOR

3M

+

1.400%),

10/17/2030,

Ser.

2018-28RA,

Class

A2

b,h

1,000,308

Principal

Amount

Long-Term

Fixed

Income

(28.7%)

Value

Asset-Backed

Securities

(1.3%)

-

continued

Ares

XXXIIR

CLO,

Ltd.

$

1,025,000

2.221%, 

(LIBOR

3M

+

2.000%),

5/15/2030,

Ser.

2014-32RA,

Class

A2BR

b,h

$

1,025,220

Balboa

Bay

Loan

Funding,

Ltd.

600,000

1.890%, 

(LIBOR

3M

+

1.750%),

1/20/2032,

Ser.

2020-1A,

Class

B

b,h

601,934

Benefit

Street

Partners

CLO

IV,

Ltd.

1,300,000

1.474%, 

(LIBOR

3M

+

1.250%),

1/20/2029,

Ser.

2014-IVA,

Class

A1RR

b,h

1,300,290

800,000

1.974%, 

(LIBOR

3M

+

1.750%),

1/20/2029,

Ser.

2014-IVA,

Class

A2RR

b,h

800,734

Buttermilk

Park

CLO,

Ltd.

1,750,000

1.641%, 

(LIBOR

3M

+

1.400%),

10/15/2031,

Ser.

2018-1A,

Class

A2

b,h

1,750,511

Carlyle

Global

Market

Strategies

CLO,

Ltd.

1,150,000

1.691%, 

(LIBOR

3M

+

1.450%),

7/15/2031,

Ser.

2014-5A,

Class

A2RR

b,h

1,150,215

Cent

CLO,

LP

300,000

2.518%, 

(LIBOR

3M

+

2.300%),

10/25/2028,

Ser.

2018-27A,

Class

B

b,h

300,151

CIFC

Funding,

Ltd.

500,000

1.805%, 

(LIBOR

3M

+

1.600%),

10/20/2031,

Ser.

2020-3A,

Class

A2

b,h

501,485

Colony

American

Finance

Trust

1,260,217

2.835%, 

6/15/2052,

Ser.

2019-2,

Class

A

h

1,344,574

Commonbond

Student

Loan

Trust

85,907

0.630%, 

(LIBOR

1M

+

0.500%),

2/25/2044,

Ser.

2018-AGS,

Class

A2

b,h

85,314

CoreVest

American

Finance

Trust

1,747,488

2.705%, 

10/15/2052,

Ser.

2019-3,

Class

A

h

1,848,026

Deephaven

Residential

Mortgage

Trust

367,688

4.080%, 

10/25/2058,

Ser.

2018-4A,

Class

A1

b,h

369,055

Dryden

36

Senior

Loan

Fund

700,000

2.291%, 

(LIBOR

3M

+

2.050%),

4/15/2029,

Ser.

2014-36A,

Class

CR3

b,h

700,401

Dryden

Senior

Loan

Fund

950,000

1.623%, 

(LIBOR

3M

+

1.400%),

7/18/2030,

Ser.

2018-65A,

Class

A2

b,h

950,313

Earnest

Student

Loan

Program,

LLC

105,225

3.020%, 

5/25/2034,

Ser.

2016-B,

Class

A2

h

105,523

ECMC

Group

Student

Loan

Trust

855,018

1.280%, 

(LIBOR

1M

+

1.150%),

11/25/2069,

Ser.

2020-2A,

Class

A

b,h

863,847

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

142

Principal

Amount

Long-Term

Fixed

Income

(28.7%)

Value

Asset-Backed

Securities

(1.3%)

-

continued

Flatiron

CLO,

Ltd.

$

475,000

1.998%, 

(LIBOR

3M

+

1.750%),

11/20/2033,

Ser.

2020-1A,

Class

B

b,h

$

478,077

Galaxy

XX

CLO,

Ltd.

650,000

1.224%, 

(LIBOR

3M

+

1.000%),

4/20/2031,

Ser.

2015-20A,

Class

AR

b,h

649,984

Golub

Capital

Partners,

Ltd.

875,661

1.374%, 

(LIBOR

3M

+

1.150%),

10/20/2028,

Ser.

2018-39A,

Class

A1

b,h

875,857

769,000

1.424%, 

(LIBOR

3M

+

1.200%),

1/20/2031,

Ser.

2015-23A,

Class

AR

b,h

768,964

Harley

Marine

Financing,

LLC

2,126,149

5.682%, 

5/15/2043,

Ser.

2018-1A,

Class

A2

h

1,930,537

Home

Partners

of

America

Trust

1,419,171

2.908%, 

9/17/2039,

Ser.

2019-1,

Class

A

h

1,504,097

1,604,188

2.703%, 

10/19/2039,

Ser.

2019-2,

Class

A

h

1,691,991

Laurel

Road

Prime

Student

Loan

Trust

932,793

5.600%, 

11/25/2043,

Ser.

2018-D,

Class

A

b,h

969,791

Madison

Park

Funding

XIV,

Ltd.

750,000

1.622%, 

(LIBOR

3M

+

1.400%),

10/22/2030,

Ser.

2014-14A,

Class

A2RR

b,h

750,085

Madison

Park

Funding,

Ltd.

825,000

2.300%, 

(LIBOR

3M

+

2.100%),

1/20/2029,

Ser.

2012-10A,

Class

CR3

b,h

825,087

Magnetite

XII,

Ltd.

650,000

1.341%, 

(LIBOR

3M

+

1.100%),

10/15/2031,

Ser.

2015-12A,

Class

ARR

b,h

650,190

Mountain

View

CLO,

Ltd.

475,000

1.361%, 

(LIBOR

3M

+

1.120%),

7/15/2031,

Ser.

2015-9A,

Class

A1R

b,h

474,653

MRA

Issuance

Trust

1,750,000

1.477%, 

(LIBOR

1M

+

1.350%),

7/15/2021,

Ser.

2020-12,

Class

A1X

b,h

1,749,943

National

Collegiate

Trust

385,754

0.425%, 

(LIBOR

1M

+

0.295%),

5/25/2031,

Ser.

2007-A,

Class

A

b,h

378,682

Neuberger

Berman

CLO,

Ltd.

400,000

1.252%, 

(LIBOR

3M

+

1.030%),

4/22/2029,

Ser.

2014-17A,

Class

AR2

b,h

400,118

Octagon

Investment

Partners

XVI,

Ltd.

200,000

1.623%, 

(LIBOR

3M

+

1.400%),

7/17/2030,

Ser.

2013-1A,

Class

A2R

b,h

200,057

OZLM

VIII,

Ltd.

1,498,208

1.393%, 

(LIBOR

3M

+

1.170%),

10/17/2029,

Ser.

2014-8A,

Class

A1RR

b,h

1,498,306

Principal

Amount

Long-Term

Fixed

Income

(28.7%)

Value

Asset-Backed

Securities

(1.3%)

-

continued

Palmer

Square

CLO,

Ltd.

$

750,000

2.238%, 

(LIBOR

3M

+

2.000%),

5/21/2029,

Ser.

2015-1A,

Class

BR3

b,h

$

750,149

Palmer

Square

Loan

Funding,

Ltd.

550,000

1.874%, 

(LIBOR

3M

+

1.650%),

4/20/2027,

Ser.

2019-1A,

Class

A2

b,h

550,344

PPM

CLO

3,

Ltd.

500,000

1.623%, 

(LIBOR

3M

+

1.400%),

7/17/2030,

Ser.

2019-3A,

Class

A

b,h

500,476

Pretium

Mortgage

Credit

Partners,

LLC

771,878

3.721%, 

2/27/2060,

Ser.

2020-NPL2,

Class

A1

h,i

779,383

Shackleton

CLO,

Ltd.

450,000

1.411%, 

(LIBOR

3M

+

1.170%),

7/15/2031,

Ser.

2015-7RA,

Class

A1

b,h

450,037

SLM

Student

Loan

Trust

141,084

0.530%, 

(LIBOR

1M

+

0.400%),

3/25/2025,

Ser.

2010-1,

Class

A

b

137,762

Sound

Point

CLO

XIV,

Ltd.

1,050,000

2.288%, 

(LIBOR

3M

+

2.050%),

1/23/2029,

Ser.

2016-3A,

Class

CR

b,d,h

1,050,113

THL

Credit

Wind

River

CLO,

Ltd.

375,000

1.654%, 

(LIBOR

3M

+

1.430%),

10/20/2033,

Ser.

2020-1A,

Class

A

b,h

376,810

Upstart

Securitization

Trust

662,246

1.702%, 

11/20/2030,

Ser.

2020-3,

Class

A

h

667,009

VCAT

Asset

Securitization,

LLC

425,000

4.826%, 

12/26/2050,

Ser.

2021-NPL1,

Class

A2

h

425,309

Voya

CLO,

Ltd.

499,220

1.441%, 

(LIBOR

3M

+

1.200%),

10/15/2030,

Ser.

2012-4A,

Class

A1AR

b,h

499,272

Whitebox

CLO

II,

Ltd.

500,000

2.492%, 

(LIBOR

3M

+

2.250%),

10/24/2031,

Ser.

2020-2A,

Class

B

b,h

501,495

Total

40,291,706

Basic

Materials

(0.3%)

Air

Products

and

Chemicals,

Inc.

700,000

2.700%, 

5/15/2040

732,244

Alcoa

Nederland

Holding

BV

250,000

5.500%, 

12/15/2027

h

268,817

Anglo

American

Capital

plc

300,000

4.875%, 

5/14/2025

h

346,662

BWAY

Holding

Company

220,000

5.500%, 

4/15/2024

h

222,658

Cleveland-Cliffs,

Inc.

185,000

5.750%, 

3/1/2025

189,162

150,000

9.875%, 

10/17/2025

h

176,382

DowDuPont,

Inc.

200,000

4.493%, 

11/15/2025

232,304

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

143

Principal

Amount

Long-Term

Fixed

Income

(28.7%)

Value

Basic

Materials

(0.3%)

-

continued

EI

du

Pont

de

Nemours

&

Company

$

200,000

2.300%, 

7/15/2030

$

208,804

First

Quantum

Minerals,

Ltd.

320,000

7.500%, 

4/1/2025

h

330,810

Freeport-McMoRan,

Inc.

230,000

4.125%, 

3/1/2028

241,914

240,000

4.250%, 

3/1/2030

260,174

Glencore

Funding,

LLC

43,000

4.125%, 

5/30/2023

h

46,369

396,000

4.000%, 

3/27/2027

h

449,732

Ingevity

Corporation

290,000

3.875%, 

11/1/2028

h

290,757

International

Paper

Company

390,000

4.350%, 

8/15/2048

495,994

Kinross

Gold

Corporation

154,000

5.950%, 

3/15/2024

176,093

460,000

4.500%, 

7/15/2027

532,747

Kraton

Polymers,

LLC

250,000

4.250%, 

12/15/2025

h

251,250

Mercer

International,

Inc.

190,000

5.125%, 

2/1/2029

h

193,325

Methanex

Corporation

220,000

5.250%, 

12/15/2029

230,313

Norbord,

Inc.

320,000

5.750%, 

7/15/2027

h

343,600

Novelis

Corporation

355,000

5.875%, 

9/30/2026

h

371,863

100,000

4.750%, 

1/30/2030

h

105,000

OCI

NV

270,000

4.625%, 

10/15/2025

h

279,403

Olin

Corporation

360,000

5.125%, 

9/15/2027

373,500

Sherwin-Williams

Company

153,000

3.125%, 

6/1/2024

165,294

Steel

Dynamics,

Inc.

600,000

1.650%, 

10/15/2027

614,544

Syngenta

Finance

NV

475,000

3.933%, 

4/23/2021

h

477,007

Teck

Resources,

Ltd.

581,000

6.125%, 

10/1/2035

739,585

Tronox

Finance

plc

160,000

5.750%, 

10/1/2025

h

164,000

Vale

Overseas,

Ltd.

225,000

6.250%, 

8/10/2026

276,188

132,000

6.875%, 

11/21/2036

189,163

Venator

Finance

SARL

140,000

5.750%, 

7/15/2025

h

138,250

WestRock

Company

245,000

3.750%, 

3/15/2025

272,393

Total

10,386,301

Capital

Goods

(0.5%)

AECOM

410,000

5.125%, 

3/15/2027

458,667

Amsted

Industries,

Inc.

390,000

5.625%, 

7/1/2027

h

411,450

Ardagh

Packaging

Finance

plc

132,000

6.000%, 

2/15/2025

h

135,878

330,000

5.250%, 

8/15/2027

h

342,058

BAE

Systems

plc

725,000

1.900%, 

2/15/2031

h

723,419

Principal

Amount

Long-Term

Fixed

Income

(28.7%)

Value

Capital

Goods

(0.5%)

-

continued

Berry

Global,

Inc.

$

230,000

4.875%, 

7/15/2026

h

$

246,215

Boeing

Company

250,000

5.930%, 

5/1/2060

335,837

350,000

5.040%, 

5/1/2027

407,707

338,000

5.150%, 

5/1/2030

401,358

600,000

5.705%, 

5/1/2040

760,985

Carrier

Global

Corporation

650,000

2.700%, 

2/15/2031

687,487

Cintas

Corporation

No.

2

230,000

3.700%, 

4/1/2027

264,150

Clean

Harbors,

Inc.

240,000

4.875%, 

7/15/2027

h

252,689

CNH

Industrial

Capital,

LLC

336,000

4.875%, 

4/1/2021

338,419

CNH

Industrial

NV

210,000

3.850%, 

11/15/2027

240,722

Covanta

Holding

Corporation

270,000

6.000%, 

1/1/2027

282,029

65,000

5.000%, 

9/1/2030

68,250

Crown

Cork

&

Seal

Company,

Inc.

450,000

7.375%, 

12/15/2026

546,750

Emerson

Electric

Company

700,000

1.800%, 

10/15/2027

731,932

GFL

Environmental,

Inc.

70,000

4.000%, 

8/1/2028

h

69,300

290,000

3.500%, 

9/1/2028

h

285,380

H&E

Equipment

Services,

Inc.

340,000

3.875%, 

12/15/2028

h

338,351

Howmet

Aerospace,

Inc.

240,000

6.875%, 

5/1/2025

279,600

Ingersoll-Rand

Luxembourg

Finance

SA

275,000

3.500%, 

3/21/2026

307,887

Jeld-Wen,

Inc.

180,000

6.250%, 

5/15/2025

h

193,050

60,000

4.625%, 

12/15/2025

h

61,200

L3Harris

Technologies,

Inc.

507,000

3.950%, 

5/28/2024

555,377

Lockheed

Martin

Corporation

304,000

4.500%, 

5/15/2036

394,415

78,000

6.150%, 

9/1/2036

117,207

Northrop

Grumman

Corporation

550,000

3.850%, 

4/15/2045

642,799

Owens-Brockway

Glass

Container,

Inc.

170,000

5.875%, 

8/15/2023

h

181,900

Republic

Services,

Inc.

235,000

2.900%, 

7/1/2026

256,438

Reynolds

Group

Issuer,

Inc.

21,000

5.125%, 

7/15/2023

g,h

21,260

Roper

Technologies,

Inc.

130,000

3.650%, 

9/15/2023

140,520

192,000

4.200%, 

9/15/2028

225,764

335,000

1.750%, 

2/15/2031

328,966

SRM

Escrow

Issuer,

LLC

310,000

6.000%, 

11/1/2028

h

325,748

Standard

Industries,

Inc.

490,000

4.375%, 

7/15/2030

h

520,013

Textron,

Inc.

510,000

3.375%, 

3/1/2028

553,249

TransDigm,

Inc.

175,000

6.250%, 

3/15/2026

h

185,098

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

144

Principal

Amount

Long-Term

Fixed

Income

(28.7%)

Value

Capital

Goods

(0.5%)

-

continued

$

570,000

5.500%, 

11/15/2027

$

584,934

50,000

4.625%, 

1/15/2029

h

49,657

United

Rentals

North

America,

Inc.

640,000

4.000%, 

7/15/2030

675,008

United

Technologies

Corporation

375,000

4.450%, 

11/16/2038

459,347

400,000

3.750%, 

11/1/2046

459,331

WESCO

Distribution,

Inc.

200,000

7.250%, 

6/15/2028

h

224,673

Total

16,072,474

Collateralized

Mortgage

Obligations

(1.3%)

Ajax

Mortgage

Loan

Trust

886,617

4.360%, 

9/25/2065,

Ser.

2018-C,

Class

A

b,h

898,869

Alternative

Loan

Trust

147,129

6.000%, 

8/1/2036,

Ser.

2006-24CB,

Class

A9

119,736

Angel

Oak

Mortgage

Trust

I,

LLC

793,750

3.674%, 

7/27/2048,

Ser.

2018-2,

Class

A1

b,h

805,393

Bellemeade

Re,

Ltd.

168,014

1.730%, 

(LIBOR

1M

+

1.600%),

4/25/2028,

Ser.

2018-1A,

Class

M1B

b,h

168,174

448,573

1.230%, 

(LIBOR

1M

+

1.100%),

7/25/2029,

Ser.

2019-3A,

Class

M1A

b,h

448,665

336,607

2.780%, 

(LIBOR

1M

+

2.650%),

6/25/2030,

Ser.

2020-1A,

Class

M1A

b,h

337,411

BRAVO

Residential

Funding

Trust

410,017

3.500%, 

3/25/2058,

Ser.

2019-1,

Class

A1C

h

422,774

1,250,000

1.991%, 

1/25/2024,

Ser.

2021-A,

Class

A1

h,i

1,249,980

Business

Jet

Securities,

LLC

865,967

2.981%, 

11/15/2035,

Ser.

2020-1A,

Class

A

h

878,857

CHL

Mortgage

Pass-Through

Trust

2,014,087

6.000%, 

11/25/2037,

Ser.

2007-18,

Class

1A2

1,573,787

CIM

Trust

1,094,222

5.000%, 

12/25/2057,

Ser.

2018-R3,

Class

A1

b,h

1,164,178

Citicorp

Mortgage

Securities,

Inc.

689,582

6.000%, 

7/25/2037,

Ser.

2007-6,

Class

1A4

678,963

Citigroup

Mortgage

Loan

Trust,

Inc.

171,643

5.500%, 

11/25/2035,

Ser.

2005-9,

Class

21A2

175,307

Countrywide

Alternative

Loan

Trust

165,866

2.712%, 

10/25/2035,

Ser.

2005-43,

Class

4A1

b

160,852

285,311

6.000%, 

4/25/2036,

Ser.

2006-4CB,

Class

1A1

213,603

665,000

7.000%, 

10/25/2037,

Ser.

2007-24,

Class

A10

362,178

Countrywide

Home

Loans,

Inc.

206,356

5.750%, 

4/25/2037,

Ser.

2007-3,

Class

A27

148,643

Principal

Amount

Long-Term

Fixed

Income

(28.7%)

Value

Collateralized

Mortgage

Obligations

(1.3%)

-

continued

Credit

Suisse

Mortgage

Trust

$

474,674

3.453%, 

3/25/2026,

Ser.

2020-BPL2,

Class

A1

h

$

474,285

1,087,745

3.850%, 

9/25/2057,

Ser.

2018-RPL9,

Class

A1

b,h

1,162,340

2,307,513

3.496%, 

2/25/2060,

Ser.

2020-RPL2,

Class

A12

b,h

2,346,366

Deutsche

Alt-A

Securities,

Inc.,

Mortgage

Loan

Trust

74,233

6.000%, 

10/25/2021,

Ser.

2006-AR5,

Class

23A

64,936

Federal

Home

Loan

Mortgage

Corporation

-

REMIC

10,212,115

2.000%, 

11/25/2050,

Ser.

5038,

Class

NI

j

1,207,978

370,727

4.000%, 

7/15/2031,

Ser.

4104,

Class

KI

j

20,012

430,163

3.000%, 

2/15/2033,

Ser.

4170,

Class

IG

j

42,294

1,148,648

3.000%, 

3/15/2033,

Ser.

4180,

Class

PI

j

122,050

Federal

National

Mortgage

Association

13,896,510

1.500%, 

11/25/2035,

Ser.

2020-99,

Class

IG

j

785,887

Federal

National

Mortgage

Association

-

REMIC

1,788,697

3.000%, 

12/25/2027,

Ser.

2012-137,

Class

AI

j

103,836

FWD

Securitization

Trust

1,711,953

2.810%, 

6/25/2049,

Ser.

2019-INV1,

Class

A1

b,h

1,777,845

Galton

Funding

Mortgage

Trust

2017-1

319,358

4.500%, 

10/25/2058,

Ser.

2018-2,

Class

A41

b,h

324,974

GCAT

Trust

112,535

2.985%, 

2/25/2059,

Ser.

2019-NQM1,

Class

A1

h,i

113,707

GS

Mortgage-Backed

Securities

Trust

790,023

2.625%, 

1/25/2059,

Ser.

2019-SL1,

Class

A1

b,h

803,032

GSR

Mortgage

Loan

Trust

1,464,499

3.357%, 

9/25/2034,

Ser.

2004-11,

Class

2A2

b

1,524,845

Legacy

Mortgage

Asset

Trust

603,423

3.250%, 

2/25/2060,

Ser.

2020-GS4,

Class

A1

h,i

616,419

MASTR

Alternative

Loans

Trust

347,560

0.580%, 

(LIBOR

1M

+

0.450%),

12/25/2035,

Ser.

2005-6,

Class

2A1

b

52,953

Merrill

Lynch

Alternative

Note

Asset

Trust

177,062

6.000%, 

3/25/2037,

Ser.

2007-F1,

Class

2A1

113,119

MFRA

Trust

530,560

4.164%, 

7/25/2048,

Ser.

2018-NPL2,

Class

A1

h,i

532,360

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

145

Principal

Amount

Long-Term

Fixed

Income

(28.7%)

Value

Collateralized

Mortgage

Obligations

(1.3%)

-

continued

New

Residential

Mortgage

Loan

Trust

$

776,002

4.335%, 

7/25/2060,

Ser.

2020-NPL1,

Class

A1

h,i

$

788,335

New

York

Mortgage

Trust

919,367

2.944%, 

10/25/2060,

Ser.

2020-SP2,

Class

A1

b,h

925,123

Oak

Street

Investment

697,965

1.850%, 

11/20/2050,

Ser.

2020-1A,

Class

A1

h

712,842

Octagon

Investment

Partners

32,

Ltd.

475,000

2.491%, 

(LIBOR

3M

+

2.250%),

7/15/2029,

Ser.

2017-1A,

Class

C

b,h

475,177

Preston

Ridge

Partners

Mortgage

Trust,

LLC

762,572

3.500%, 

10/25/2024,

Ser.

2019-GS1,

Class

A1

b,h

772,122

1,165,167

2.857%, 

9/25/2025,

Ser.

2020-3,

Class

A1

h,i

1,175,301

RCO

Mortgage,

LLC

1,314,493

3.475%, 

11/25/2024,

Ser.

2019-2,

Class

A1

h,i

1,317,823

Residential

Accredit

Loans,

Inc.

Trust

298,622

6.000%, 

8/25/2035,

Ser.

2005-QS10,

Class

2A

296,825

Silver

Hill

Trust

441,140

3.102%, 

11/25/2049,

Ser.

2019-SBC1,

Class

A1

b,h

460,534

Starwood

Mortgage

Residential

Trust

301,774

2.718%, 

4/25/2060,

Ser.

2020-2,

Class

A1

b,h

306,747

Toorak

Mortgage

Corporation

1,900,000

4.458%, 

3/25/2022,

Ser.

2019-1,

Class

A1

h,i

1,928,966

3,500,000

3.721%, 

9/25/2022,

Ser.

2019-2,

Class

A1

3,550,940

600,000

2.734%, 

3/25/2023,

Ser.

2020-1,

Class

A1

h,i

602,086

Verus

Securitization

Trust

135,477

3.836%, 

2/25/2059,

Ser.

2019-1,

Class

A1

b,h

136,347

271,149

3.345%, 

5/25/2059,

Ser.

2019-2,

Class

A2

b,h

273,364

798,625

2.913%, 

7/25/2059,

Ser.

2019-INV2,

Class

A1

b,h

817,436

616,236

2.947%, 

11/25/2059,

Ser.

2019-INV3,

Class

A2

b,h

632,457

435,147

1.977%, 

3/25/2060,

Ser.

2020-INV1,

Class

A1

b,h

442,226

1,698,929

3.626%, 

4/25/2060,

Ser.

2020-3,

Class

A1

b,h

1,733,806

WaMu

Mortgage

Pass

Through

Certificates

42,937

3.014%, 

9/25/2036,

Ser.

2006-AR10,

Class

1A2

b

41,567

210,653

3.037%, 

10/25/2036,

Ser.

2006-AR12,

Class

1A1

b

209,199

Total

39,595,831

Principal

Amount

Long-Term

Fixed

Income

(28.7%)

Value

Commercial

Mortgage-Backed

Securities

(0.2%)

BBCMS

Mortgage

Trust

$

5,694,921

1.976%, 

10/15/2053,

Ser.

2020-C8,

Class

XA

b,j

$

783,253

BFLD

Trust

900,000

1.276%, 

(LIBOR

1M

+

1.150%),

10/15/2035,

Ser.

2020-EYP,

Class

A

b,h

908,998

325,000

1.826%, 

(LIBOR

1M

+

1.700%),

10/15/2035,

Ser.

2020-EYP,

Class

B

b,h

328,444

Federal

Home

Loan

Mortgage

Corporation

Multifamily

Structured

Pass

Through

Certificates

625,251

3.000%, 

3/15/2045,

Ser.

4741,

Class

GA

646,441

Federal

National

Mortgage

Association

-

ACES

8,997,011

1.895%, 

12/25/2028,

Ser.

2020-M11,

Class

IO

b,j

1,007,024

GS

Mortgage

Securities

Trust

1,200,000

3.666%, 

9/10/2047,

Ser.

2014-GC24,

Class

A4

1,293,213

Morgan

Stanley

Capital

I

Trust

5,993,084

1.973%, 

7/15/2053,

Ser.

2020-HR8,

Class

XA

b,j

854,348

Total

5,821,721

Communications

Services

(1.1%)

Altice

France

SA

150,000

5.500%, 

1/15/2028

h

156,187

AMC

Networks,

Inc.

240,000

4.250%, 

2/15/2029

d

238,922

American

Tower

Corporation

275,000

2.900%, 

1/15/2030

292,396

700,000

2.100%, 

6/15/2030

704,925

AT&T,

Inc.

306,000

3.500%, 

9/15/2053

h

294,832

700,000

2.300%, 

6/1/2027

739,185

725,000

4.350%, 

3/1/2029

851,260

235,000

4.300%, 

2/15/2030

275,702

315,000

5.250%, 

3/1/2037

397,147

300,000

4.900%, 

8/15/2037

365,700

285,000

5.550%, 

8/15/2041

373,318

825,000

3.100%, 

2/1/2043

802,692

British

Telecommunications

plc

625,000

4.500%, 

12/4/2023

691,893

Cable

One,

Inc.

100,000

4.000%, 

11/15/2030

h

102,598

CCO

Holdings,

LLC

275,000

5.500%, 

5/1/2026

h

284,820

260,000

5.125%, 

5/1/2027

h

273,380

590,000

4.750%, 

3/1/2030

h

627,595

60,000

4.500%, 

8/15/2030

h

63,187

CCOH

Safari,

LLC

200,000

5.750%, 

2/15/2026

h

206,360

Charter

Communications

Operating,

LLC

129,000

6.834%, 

10/23/2055

188,089

300,000

4.500%, 

2/1/2024

332,322

430,000

4.200%, 

3/15/2028

488,396

625,000

6.484%, 

10/23/2045

854,276

Comcast

Corporation

370,000

4.049%, 

11/1/2052

451,543

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

146

Principal

Amount

Long-Term

Fixed

Income

(28.7%)

Value

Communications

Services

(1.1%)

-

continued

$

355,000

3.950%, 

10/15/2025

$

404,717

575,000

4.250%, 

10/15/2030

693,789

130,000

4.400%, 

8/15/2035

161,088

410,000

4.750%, 

3/1/2044

542,024

250,000

4.600%, 

8/15/2045

324,131

Cox

Communications,

Inc.

420,000

3.350%, 

9/15/2026

h

467,278

Crown

Castle

International

Corporation

234,000

5.250%, 

1/15/2023

255,126

312,000

3.200%, 

9/1/2024

337,302

CSC

Holdings,

LLC

310,000

5.500%, 

5/15/2026

h

321,535

120,000

4.125%, 

12/1/2030

h

122,688

460,000

4.625%, 

12/1/2030

h

469,200

Cumulus

Media

New

Holdings,

Inc.

170,000

6.750%, 

7/1/2026

h

172,550

Discovery

Communications,

LLC

390,000

4.900%, 

3/11/2026

456,195

Embarq

Corporation

270,000

7.995%, 

6/1/2036

330,842

Entercom

Media

Corporation

170,000

6.500%, 

5/1/2027

h

174,250

Fox

Corporation

420,000

3.500%, 

4/8/2030

g

473,097

Front

Range

BidCo,

Inc.

400,000

4.000%, 

3/1/2027

h

401,128

Frontier

Communications

Corporation

150,000

5.875%, 

10/15/2027

h

161,205

GCI,

LLC

190,000

4.750%, 

10/15/2028

h

198,016

Hughes

Satellite

Systems

Corporation

100,000

6.625%, 

8/1/2026

113,105

iHeartCommunications,

Inc.

190,000

4.750%, 

1/15/2028

h

194,037

LCPR

Senior

Secured

Financing

DAC

170,000

6.750%, 

10/15/2027

h

182,789

Level

3

Financing,

Inc.

340,000

4.625%, 

9/15/2027

h

353,229

550,000

4.250%, 

7/1/2028

h

563,591

Meredith

Corporation

270,000

6.500%, 

7/1/2025

h

285,863

Netflix,

Inc.

590,000

4.875%, 

4/15/2028

690,636

Nexstar

Escrow

Corporation

340,000

5.625%, 

7/15/2027

h

360,896

Nielsen

Finance,

LLC

280,000

5.625%, 

10/1/2028

h

299,228

Omnicom

Group,

Inc.

156,000

3.600%, 

4/15/2026

175,881

210,000

4.200%, 

6/1/2030

248,381

SBA

Communications

Corporation

210,000

3.875%, 

2/15/2027

219,305

190,000

3.125%, 

2/1/2029

h

189,525

Scripps

Escrow

II,

Inc.

140,000

3.875%, 

1/15/2029

h

140,000

SFR

Group

SA

550,000

7.375%, 

5/1/2026

h

575,273

Principal

Amount

Long-Term

Fixed

Income

(28.7%)

Value

Communications

Services

(1.1%)

-

continued

Sinclair

Television

Group,

Inc.

$

290,000

5.500%, 

3/1/2030

h

$

298,877

Sirius

XM

Radio,

Inc.

540,000

5.000%, 

8/1/2027

h

567,559

200,000

4.125%, 

7/1/2030

h

206,078

Sprint

Capital

Corporation

190,000

6.875%, 

11/15/2028

243,913

140,000

8.750%, 

3/15/2032

213,850

Sprint

Corporation

645,000

7.625%, 

2/15/2025

770,775

Telefonica

Emisiones

SAU

475,000

4.570%, 

4/27/2023

518,021

Time

Warner

Entertainment

Company,

LP

229,000

8.375%, 

3/15/2023

266,440

T-Mobile

USA,

Inc.

725,000

3.750%, 

4/15/2027

h

814,762

200,000

2.625%, 

2/15/2029

200,726

320,000

2.875%, 

2/15/2031

322,602

600,000

4.375%, 

4/15/2040

h

702,618

United

States

Cellular

Corporation

170,000

6.700%, 

12/15/2033

219,741

Univision

Communications,

Inc.

350,000

6.625%, 

6/1/2027

h

368,375

VeriSign,

Inc.

150,000

4.750%, 

7/15/2027

159,389

Verizon

Communications,

Inc.

150,000

1.321%, 

(LIBOR

3M

+

1.100%),

5/15/2025

b

154,351

1,192,000

4.272%, 

1/15/2036

1,450,773

825,000

2.650%, 

11/20/2040

804,048

Viacom,

Inc.

228,000

5.850%, 

9/1/2043

309,879

ViaSat,

Inc.

280,000

5.625%, 

9/15/2025

h

286,384

Virgin

Media

Secured

Finance

plc

200,000

5.500%, 

8/15/2026

h

208,750

Vodafone

Group

plc

225,000

4.875%, 

6/19/2049

289,808

VTR

Finance

NV

130,000

6.375%, 

7/15/2028

h

140,745

Walt

Disney

Company

775,000

2.200%, 

1/13/2028

818,817

500,000

2.650%, 

1/13/2031

539,744

425,000

3.500%, 

5/13/2040

478,816

Ziggo

BV

385,000

5.500%, 

1/15/2027

h

401,326

Total

32,871,792

Consumer

Cyclical

(0.9%)

1011778

B.C.,

ULC

550,000

4.375%, 

1/15/2028

h

561,000

Allied

Universal

Holdco,

LLC

210,000

6.625%, 

7/15/2026

h

224,952

Allison

Transmission,

Inc

275,000

3.750%, 

1/30/2031

h

273,482

Amazon.com,

Inc.

700,000

1.500%, 

6/3/2030

697,672

390,000

3.875%, 

8/22/2037

474,717

234,000

4.050%, 

8/22/2047

296,174

American

Axle

&

Manufacturing,

Inc.

320,000

6.500%, 

4/1/2027

g

334,736

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

147

Principal

Amount

Long-Term

Fixed

Income

(28.7%)

Value

Consumer

Cyclical

(0.9%)

-

continued

American

Honda

Finance

Corporation

$

400,000

2.150%, 

9/10/2024

$

422,580

Brookfield

Property

REIT,

Inc.

110,000

5.750%, 

5/15/2026

h

114,167

Brookfield

Residential

Properties,

Inc.

430,000

6.250%, 

9/15/2027

h

453,650

Carnival

Corporation

210,000

11.500%, 

4/1/2023

h

238,264

140,000

10.500%, 

2/1/2026

h

162,400

70,000

7.625%, 

3/1/2026

h

74,025

Cedar

Fair,

LP

230,000

5.250%, 

7/15/2029

230,209

Colt

Merger

Sub,

Inc.

420,000

6.250%, 

7/1/2025

h

442,644

CVS

Health

Corporation

700,000

3.625%, 

4/1/2027

791,807

D.R.

Horton,

Inc.

500,000

2.600%, 

10/15/2025

535,531

Dana,

Inc.

260,000

5.625%, 

6/15/2028

g

277,224

Empire

Communities

Corporation

160,000

7.000%, 

12/15/2025

h

168,912

Ford

Motor

Company

120,000

9.000%, 

4/22/2025

146,250

70,000

9.625%, 

4/22/2030

99,203

240,000

7.450%, 

7/16/2031

306,600

Ford

Motor

Credit

Company,

LLC

670,000

4.063%, 

11/1/2024

697,564

570,000

4.134%, 

8/4/2025

598,566

Gap,

Inc.

140,000

8.625%, 

5/15/2025

h

156,758

General

Motors

Company

700,000

6.125%, 

10/1/2025

843,194

700,000

6.800%, 

10/1/2027

899,761

General

Motors

Financial

Company,

Inc.

400,000

3.150%, 

6/30/2022

413,351

152,000

3.950%, 

4/13/2024

165,507

Hanesbrands,

Inc.

350,000

4.875%, 

5/15/2026

h

378,875

Herc

Holdings,

Inc.

170,000

5.500%, 

7/15/2027

h

179,214

Hilton

Domestic

Operating

Company,

Inc.

60,000

5.125%, 

5/1/2026

62,202

530,000

4.875%, 

1/15/2030

571,300

Home

Depot,

Inc.

375,000

5.400%, 

9/15/2040

529,388

228,000

4.250%, 

4/1/2046

290,441

965,000

3.900%, 

6/15/2047

1,181,157

Hyundai

Capital

America

335,000

1.250%, 

9/18/2023

h

338,395

525,000

1.800%, 

1/10/2028

h

522,970

International

Game

Technology

plc

280,000

5.250%, 

1/15/2029

h

298,900

KB

Home

220,000

4.800%, 

11/15/2029

242,321

Kohl's

Corporation

425,000

9.500%, 

5/15/2025

549,721

425,000

5.550%, 

7/17/2045

466,612

Principal

Amount

Long-Term

Fixed

Income

(28.7%)

Value

Consumer

Cyclical

(0.9%)

-

continued

L

Brands,

Inc.

$

360,000

6.625%, 

10/1/2030

h

$

402,993

70,000

6.875%, 

11/1/2035

81,150

Landry's,

Inc.

220,000

6.750%, 

10/15/2024

h

220,506

Lennar

Corporation

300,000

4.875%, 

12/15/2023

330,750

625,000

4.750%, 

5/30/2025

712,881

Live

Nation

Entertainment,

Inc.

140,000

3.750%, 

1/15/2028

h

141,254

Mastercard,

Inc.

275,000

3.950%, 

2/26/2048

342,039

Mattamy

Group

Corporation

460,000

5.250%, 

12/15/2027

h

484,150

McDonald's

Corporation

700,000

2.125%, 

3/1/2030

722,247

470,000

4.450%, 

3/1/2047

585,353

MGM

Resorts

International

400,000

6.000%, 

3/15/2023

427,000

Norwegian

Cruise

Line

Holdings,

Ltd.

130,000

10.250%, 

2/1/2026

h

150,800

Owl

Rock

Capital

Corporation

650,000

3.400%, 

7/15/2026

666,369

PetSmart,

Inc.

160,000

4.750%, 

2/15/2028

163,600

115,000

7.750%, 

2/15/2029

119,313

Prime

Security

Services

Borrower,

LLC

550,000

5.750%, 

4/15/2026

h

602,140

100,000

3.375%, 

8/31/2027

h

98,704

Realogy

Group,

LLC

170,000

5.750%, 

1/15/2029

h

173,612

Royal

Caribbean

Cruises,

Ltd.

270,000

9.125%, 

6/15/2023

h

291,262

100,000

11.500%, 

6/1/2025

h

115,303

Scientific

Games

International,

Inc.

270,000

5.000%, 

10/15/2025

h

278,122

SeaWorld

Parks

and

Entertainment,

Inc.

140,000

9.500%, 

8/1/2025

h

150,150

Six

Flags

Entertainment

Corporation

150,000

5.500%, 

4/15/2027

g,h

151,387

Six

Flags

Theme

Parks,

Inc.

130,000

7.000%, 

7/1/2025

h

140,075

Staples,

Inc.

360,000

7.500%, 

4/15/2026

h

367,232

Target

Corporation

650,000

2.250%, 

4/15/2025

692,588

Tenneco,

Inc.

140,000

5.000%, 

7/15/2026

129,150

TJX

Companies,

Inc.

150,000

3.750%, 

4/15/2027

172,978

430,000

3.875%, 

4/15/2030

503,889

ViacomCBS,

Inc.

775,000

4.200%, 

5/19/2032

918,167

Visa,

Inc.

315,000

2.700%, 

4/15/2040

330,632

Volkswagen

Group

of

America

Finance,

LLC

725,000

4.250%, 

11/13/2023

h

795,813

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

148

Principal

Amount

Long-Term

Fixed

Income

(28.7%)

Value

Consumer

Cyclical

(0.9%)

-

continued

Walmart,

Inc.

$

425,000

3.250%, 

7/8/2029

$

486,556

Wyndham

Destinations,

Inc.

170,000

6.625%, 

7/31/2026

h

189,856

Wyndham

Hotels

&

Resorts,

Inc.

100,000

4.375%, 

8/15/2028

h

101,000

Yum!

Brands,

Inc.

430,000

4.750%, 

1/15/2030

h

461,175

ZF

North

America

Capital,

Inc.

130,000

4.750%, 

4/29/2025

h

141,003

Total

29,553,595

Consumer

Non-Cyclical

(1.3%)

Abbott

Laboratories

133,000

3.750%, 

11/30/2026

154,076

643,000

4.750%, 

11/30/2036

864,784

AbbVie,

Inc.

325,000

2.950%, 

11/21/2026

357,551

600,000

4.300%, 

5/14/2036

729,995

325,000

4.850%, 

6/15/2044

415,682

175,000

4.700%, 

5/14/2045

220,480

750,000

4.875%, 

11/14/2048

986,429

Albertson's

Companies,

Inc.

330,000

7.500%, 

3/15/2026

h

363,825

335,000

3.500%, 

3/15/2029

h

330,813

Altria

Group,

Inc.

125,000

4.400%, 

2/14/2026

144,048

960,000

5.800%, 

2/14/2039

1,241,655

Amgen,

Inc.

700,000

3.375%, 

2/21/2050

751,200

150,000

3.125%, 

5/1/2025

164,250

Anheuser-Busch

Companies,

LLC

800,000

3.650%, 

2/1/2026

897,649

608,000

4.700%, 

2/1/2036

750,974

Anheuser-Busch

InBev

Worldwide,

Inc.

650,000

4.750%, 

4/15/2058

808,608

495,000

4.375%, 

4/15/2038

589,525

195,000

4.600%, 

4/15/2048

236,805

Anthem,

Inc.

560,000

3.125%, 

5/15/2050

586,752

390,000

4.625%, 

5/15/2042

494,364

Aramark

Services,

Inc.

130,000

6.375%, 

5/1/2025

g,h

138,203

AstraZeneca

plc

575,000

1.375%, 

8/6/2030

555,347

BAT

Capital

Corporation

312,000

4.540%, 

8/15/2047

340,386

Bausch

Health

Companies,

Inc.

70,000

5.000%, 

1/30/2028

h

72,121

300,000

5.000%, 

2/15/2029

h

307,097

Baxalta,

Inc.

201,000

4.000%, 

6/23/2025

225,950

Becton,

Dickinson

and

Company

544,000

3.794%, 

5/20/2050

628,663

341,000

3.734%, 

12/15/2024

377,050

325,000

3.700%, 

6/6/2027

372,265

Campbell

Soup

Company

200,000

2.375%, 

4/24/2030

207,668

Cargill,

Inc.

400,000

3.250%, 

5/23/2029

h

450,705

Centene

Corporation

130,000

4.750%, 

1/15/2025

133,374

Principal

Amount

Long-Term

Fixed

Income

(28.7%)

Value

Consumer

Non-Cyclical

(1.3%)

-

continued

$

190,000

4.250%, 

12/15/2027

$

200,998

210,000

4.625%, 

12/15/2029

232,828

400,000

3.000%, 

10/15/2030

418,380

Central

Garden

&

Pet

Company

230,000

4.125%, 

10/15/2030

240,443

Cigna

Corporation

605,000

4.800%, 

8/15/2038

769,299

Clorox

Company

505,000

3.100%, 

10/1/2027

569,006

Community

Health

Systems,

Inc.

140,000

6.000%, 

1/15/2029

h

148,750

260,000

6.875%, 

4/15/2029

d,h

262,925

Conagra

Brands,

Inc.

380,000

4.300%, 

5/1/2024

423,039

Constellation

Brands,

Inc.

360,000

3.600%, 

2/15/2028

408,209

275,000

2.875%, 

5/1/2030

295,972

CVS

Health

Corporation

935,000

4.875%, 

7/20/2035

1,177,530

DaVita,

Inc.

320,000

4.625%, 

6/1/2030

h

336,102

DENTSPLY

SIRONA,

Inc.

440,000

3.250%, 

6/1/2030

483,589

Edgewell

Personal

Care

Company

130,000

5.500%, 

6/1/2028

h

139,065

Encompass

Health

Corporation

400,000

4.500%, 

2/1/2028

416,500

Energizer

Holdings,

Inc.

430,000

4.750%, 

6/15/2028

h

448,146

General

Mills,

Inc.

375,000

2.875%, 

4/15/2030

407,638

Gilead

Sciences,

Inc.

1,175,000

2.600%, 

10/1/2040

1,151,656

H.

J.

Heinz

Company

70,000

5.200%, 

7/15/2045

81,412

HCA,

Inc.

830,000

5.375%, 

2/1/2025

931,874

725,000

5.500%, 

6/15/2047

939,556

HLF

Financing

SARL,

LLC

190,000

7.250%, 

8/15/2026

h

200,628

Imperial

Brands

Finance

plc

400,000

3.875%, 

7/26/2029

h

448,180

JBS

Investments

II

GmbH

200,000

5.750%, 

1/15/2028

h

212,016

JBS

USA,

LLC

50,000

5.500%, 

1/15/2030

h

56,795

Kellogg

Company

775,000

2.100%, 

6/1/2030

803,033

Keurig

Dr.

Pepper,

Inc.

600,000

3.200%, 

5/1/2030

665,720

Kimberly-Clark

Corporation

420,000

3.100%, 

3/26/2030

474,023

390,000

3.900%, 

5/4/2047

489,457

Kraft

Foods

Group,

Inc.

320,000

5.000%, 

6/4/2042

369,849

Kraft

Heinz

Foods

Company

500,000

4.625%, 

1/30/2029

571,141

480,000

3.750%, 

4/1/2030

515,251

120,000

4.250%, 

3/1/2031

134,989

Medtronic,

Inc.

23,000

4.625%, 

3/15/2045

31,620

Molina

Healthcare,

Inc.

230,000

4.375%, 

6/15/2028

h

239,653

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

149

Principal

Amount

Long-Term

Fixed

Income

(28.7%)

Value

Consumer

Non-Cyclical

(1.3%)

-

continued

Mondelez

International,

Inc.

$

225,000

2.750%, 

4/13/2030

$

243,188

MPH

Acquisition

Holdings,

LLC

130,000

5.750%, 

11/1/2028

g,h

128,863

Mylan,

Inc.

575,000

4.550%, 

4/15/2028

681,638

Par

Pharmaceutical,

Inc.

270,000

7.500%, 

4/1/2027

h

291,146

Pilgrim's

Pride

Corporation

350,000

5.875%, 

9/30/2027

h

372,470

Quest

Diagnostics,

Inc.

775,000

2.800%, 

6/30/2031

840,358

Reynolds

American,

Inc.

481,000

5.700%, 

8/15/2035

601,875

Roche

Holdings,

Inc.

228,000

4.000%, 

11/28/2044

h

292,915

Scotts

Miracle-Gro

Company

300,000

4.500%, 

10/15/2029

321,750

SEG

Holding,

LLC

260,000

5.625%, 

10/15/2028

h

277,160

Simmons

Foods,

Inc.

185,000

5.750%, 

11/1/2024

h

190,319

Smithfield

Foods,

Inc.

275,000

2.650%, 

10/3/2021

h

277,271

Spectrum

Brands,

Inc.

120,000

5.000%, 

10/1/2029

h

126,997

100,000

5.500%, 

7/15/2030

h

107,500

Syneos

Health,

Inc.

120,000

3.625%, 

1/15/2029

h

119,964

Sysco

Corporation

550,000

6.600%, 

4/1/2040

790,147

Teleflex,

Inc.

320,000

4.625%, 

11/15/2027

338,358

Tenet

Healthcare

Corporation

140,000

4.625%, 

7/15/2024

142,492

500,000

5.125%, 

11/1/2027

h

526,930

Teva

Pharmaceutical

Finance

Netherlands

III

BV

300,000

2.800%, 

7/21/2023

297,420

Thermo

Fisher

Scientific,

Inc.

420,000

4.133%, 

3/25/2025

475,172

Tyson

Foods,

Inc.

156,000

3.550%, 

6/2/2027

177,561

UnitedHealth

Group,

Inc.

420,000

2.950%, 

10/15/2027

466,528

1,010,000

4.625%, 

7/15/2035

1,313,785

VRX

Escrow

Corporation

735,000

6.125%, 

4/15/2025

h

753,052

Zoetis,

Inc.

509,000

4.700%, 

2/1/2043

675,648

Total

41,424,073

Energy

(0.8%)

Antero

Midstream

Partners,

LP

100,000

5.750%, 

3/1/2027

h

99,731

Antero

Resources

Corporation

60,000

5.625%, 

6/1/2023

59,325

195,000

5.000%, 

3/1/2025

184,762

Apache

Corporation

130,000

4.875%, 

11/15/2027

133,575

270,000

4.375%, 

10/15/2028

268,823

160,000

5.100%, 

9/1/2040

162,010

Principal

Amount

Long-Term

Fixed

Income

(28.7%)

Value

Energy

(0.8%)

-

continued

Archrock

Partners,

LP

$

220,000

6.250%, 

4/1/2028

h

$

224,675

Blue

Racer

Midstream,

LLC

140,000

7.625%, 

12/15/2025

h

148,138

BP

Capital

Markets

America,

Inc.

825,000

2.939%, 

6/4/2051

796,208

350,000

3.543%, 

4/6/2027

396,788

Buckeye

Partners,

LP

265,000

3.950%, 

12/1/2026

266,932

Canadian

Natural

Resources,

Ltd.

215,000

3.450%, 

11/15/2021

218,414

215,000

2.050%, 

7/15/2025

222,786

325,000

2.950%, 

7/15/2030

338,399

Canadian

Oil

Sands,

Ltd.

210,000

9.400%, 

9/1/2021

h

217,733

Cenovus

Energy,

Inc.

90,000

5.375%, 

7/15/2025

101,694

70,000

6.750%, 

11/15/2039

90,673

Cheniere

Energy

Partners,

LP

595,000

5.625%, 

10/1/2026

619,008

Chevron

USA,

Inc.

600,000

5.050%, 

11/15/2044

811,886

CNX

Resources

Corporation

190,000

6.000%, 

1/15/2029

h

196,355

Comstock

Resources,

Inc.

160,000

9.750%, 

8/15/2026

170,400

ConocoPhillips

390,000

6.500%, 

2/1/2039

586,396

Continental

Resources,

Inc.

31,000

4.500%, 

4/15/2023

31,817

100,000

4.375%, 

1/15/2028

101,979

130,000

5.750%, 

1/15/2031

h

140,725

Diamondback

Energy,

Inc.

500,000

3.500%, 

12/1/2029

531,240

El

Paso

Pipeline

Partners

Operating

Company,

LLC

230,000

4.300%, 

5/1/2024

253,660

Enagas

SA

300,000

5.500%, 

1/15/2028

h

297,000

Encana

Corporation

100,000

6.625%, 

8/15/2037

120,395

Endeavor

Energy

Resources,

LP

250,000

5.750%, 

1/30/2028

h

265,000

Energy

Transfer

Operating,

LP

570,000

6.000%, 

6/15/2048

647,411

Energy

Transfer

Partners,

LP

215,000

4.900%, 

3/15/2035

233,576

175,000

5.150%, 

2/1/2043

179,756

EnLink

Midstream

Partners,

LP

210,000

4.850%, 

7/15/2026

203,918

190,000

5.600%, 

4/1/2044

152,475

Enterprise

Products

Operating,

LLC

30,000

5.100%, 

2/15/2045

37,382

EOG

Resources,

Inc.

600,000

4.375%, 

4/15/2030

713,417

EQM

Midstream

Partners,

LP

230,000

6.500%, 

7/1/2027

h

246,283

110,000

5.500%, 

7/15/2028

113,931

140,000

4.500%, 

1/15/2029

h

135,131

100,000

6.500%, 

7/15/2048

95,420

EQT

Corporation

360,000

3.900%, 

10/1/2027

373,950

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

150

Principal

Amount

Long-Term

Fixed

Income

(28.7%)

Value

Energy

(0.8%)

-

continued

Equinor

ASA

$

390,000

3.000%, 

4/6/2027

$

429,743

Exxon

Mobil

Corporation

675,000

3.452%, 

4/15/2051

734,115

Genesis

Energy,

LP

100,000

6.500%, 

10/1/2025

92,530

70,000

8.000%, 

1/15/2027

66,521

Harvest

Midstream,

LP

250,000

7.500%, 

9/1/2028

h

262,562

Hess

Midstream

Operations,

LP

170,000

5.625%, 

2/15/2026

h

176,446

Hilcorp

Energy

I,

LP

100,000

5.750%, 

2/1/2029

h

101,682

Kinder

Morgan

Energy

Partners,

LP

380,000

6.500%, 

9/1/2039

494,057

Magellan

Midstream

Partners,

LP

215,000

5.000%, 

3/1/2026

254,793

Marathon

Oil

Corporation

575,000

4.400%, 

7/15/2027

648,090

Marathon

Petroleum

Corporation

468,000

4.750%, 

12/15/2023

517,532

87,000

6.500%, 

3/1/2041

117,110

MEG

Energy

Corporation

210,000

5.875%, 

2/1/2029

d,h

208,425

MPLX,

LP

700,000

4.875%, 

12/1/2024

795,377

468,000

4.875%, 

6/1/2025

537,007

Murphy

Oil

Corporation

170,000

5.875%, 

12/1/2027

161,619

Newfield

Exploration

Company

210,000

5.625%, 

7/1/2024

228,533

327,000

5.375%, 

1/1/2026

357,258

NGL

Energy

Partners,

LP

140,000

7.500%, 

11/1/2023

127,750

NuStar

Logistics,

LP

210,000

5.750%, 

10/1/2025

222,600

Occidental

Petroleum

Corporation

80,000

3.450%, 

7/15/2024

76,800

400,000

2.900%, 

8/15/2024

387,000

250,000

3.400%, 

4/15/2026

241,482

130,000

8.500%, 

7/15/2027

152,711

240,000

3.500%, 

8/15/2029

222,689

130,000

6.450%, 

9/15/2036

142,659

330,000

4.400%, 

4/15/2046

290,654

ONEOK,

Inc.

560,000

2.200%, 

9/15/2025

583,010

Pioneer

Natural

Resources

Company

150,000

4.450%, 

1/15/2026

172,281

Plains

All

American

Pipeline,

LP

400,000

4.500%, 

12/15/2026

449,001

575,000

3.550%, 

12/15/2029

599,018

QEP

Resources,

Inc.

140,000

5.625%, 

3/1/2026

156,114

Range

Resources

Corporation

100,000

9.250%, 

2/1/2026

108,979

100,000

8.250%, 

1/15/2029

h

105,000

Sabine

Pass

Liquefaction,

LLC

230,000

6.250%, 

3/15/2022

241,149

270,000

5.625%, 

4/15/2023

295,316

320,000

5.750%, 

5/15/2024

366,215

Principal

Amount

Long-Term

Fixed

Income

(28.7%)

Value

Energy

(0.8%)

-

continued

Schlumberger

Holdings

Corporation

$

365,000

4.000%, 

12/21/2025

h

$

413,014

Southwestern

Energy

Company

225,000

7.500%, 

4/1/2026

235,080

Suncor

Energy,

Inc.

210,000

3.600%, 

12/1/2024

231,161

Sunoco

Logistics

Partners

Operations,

LP

250,000

4.000%, 

10/1/2027

275,519

Sunoco,

LP

200,000

5.875%, 

3/15/2028

212,000

100,000

4.500%, 

5/15/2029

h

102,211

Targa

Resources

Partners,

LP

130,000

5.375%, 

2/1/2027

134,350

Transocean

Guardian,

Ltd.

195,750

5.875%, 

1/15/2024

h

173,239

USA

Compression

Partners,

LP

100,000

6.875%, 

4/1/2026

104,520

W&T

Offshore,

Inc.

215,000

9.750%, 

11/1/2023

h

170,007

Weatherford

International,

Ltd.

210,000

8.750%, 

9/1/2024

h

216,300

Western

Gas

Partners,

LP

312,000

4.000%, 

7/1/2022

319,869

Western

Midstream

Operating,

LP

100,000

4.100%, 

2/1/2025

103,557

200,000

3.950%, 

6/1/2025

203,000

110,000

5.500%, 

8/15/2048

108,900

Williams

Companies,

Inc.

420,000

7.500%, 

1/15/2031

570,239

Williams

Partners,

LP

195,000

4.500%, 

11/15/2023

214,104

320,000

6.300%, 

4/15/2040

418,808

Total

26,518,883

Financials

(2.2%)

ABN

AMRO

Bank

NV

300,000

4.750%, 

7/28/2025

h

344,194

ACE

INA

Holdings,

Inc.

225,000

4.350%, 

11/3/2045

296,310

AerCap

Ireland

Capital

DAC

152,000

4.625%, 

7/1/2022

159,868

275,000

3.500%, 

1/15/2025

293,353

425,000

3.875%, 

1/23/2028

g

457,408

Aircastle,

Ltd.

350,000

5.000%, 

4/1/2023

376,181

575,000

2.850%, 

1/26/2028

h

563,412

Ally

Financial,

Inc.

300,000

5.750%, 

11/20/2025

349,272

American

International

Group,

Inc.

228,000

4.125%, 

2/15/2024

251,943

475,000

3.750%, 

7/10/2025

528,620

450,000

3.900%, 

4/1/2026

509,613

Ares

Capital

Corporation

575,000

3.875%, 

1/15/2026

618,859

300,000

2.150%, 

7/15/2026

297,746

Australia

and

New

Zealand

Banking

Group,

Ltd.

300,000

2.950%, 

7/22/2030

b,h

316,538

375,000

2.570%, 

11/25/2035

b,h

374,108

Aviation

Capital

Group,

LLC

500,000

2.875%, 

1/20/2022

h

509,098

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

151

Principal

Amount

Long-Term

Fixed

Income

(28.7%)

Value

Financials

(2.2%)

-

continued

Avolon

Holdings

Funding,

Ltd.

$

325,000

5.250%, 

5/15/2024

h

$

354,167

130,000

4.250%, 

4/15/2026

h

140,348

Banco

Santander

Mexico

SA

425,000

5.375%, 

4/17/2025

h

486,391

Banco

Santander

SA

600,000

1.344%, 

(LIBOR

3M

+

1.120%),

4/12/2023

b

609,582

Bank

of

America

Corporation

500,000

4.200%, 

8/26/2024

558,538

500,000

4.000%, 

1/22/2025

557,456

600,000

3.458%, 

3/15/2025

b

651,214

725,000

3.824%, 

1/20/2028

b

826,396

700,000

2.496%, 

2/13/2031

b

729,876

400,000

2.592%, 

4/29/2031

b

419,673

600,000

1.922%, 

10/24/2031

b

595,398

725,000

4.244%, 

4/24/2038

b

876,688

Barclays

Bank

plc

78,000

10.179%, 

6/12/2021

h

80,697

Barclays

plc

600,000

4.610%, 

2/15/2023

b

624,867

315,000

3.650%, 

3/16/2025

345,390

600,000

3.564%, 

9/23/2035

b

629,004

Boston

Properties,

LP

450,000

4.500%, 

12/1/2028

533,763

BPCE

SA

588,000

3.500%, 

10/23/2027

h

656,209

Camden

Property

Trust

500,000

3.150%, 

7/1/2029

554,423

CANPACK

SA

250,000

3.125%, 

11/1/2025

h

254,062

Capital

One

Financial

Corporation

425,000

4.200%, 

10/29/2025

481,812

Cascades

USA,

Inc.

160,000

5.125%, 

1/15/2026

h

169,600

Chobani,

LLC

270,000

4.625%, 

11/15/2028

h

275,400

CIT

Group,

Inc.

100,000

5.250%, 

3/7/2025

114,661

Citigroup,

Inc.

655,000

4.400%, 

6/10/2025

742,982

304,000

3.200%, 

10/21/2026

335,226

668,000

3.668%, 

7/24/2028

b

755,748

228,000

4.125%, 

7/25/2028

261,616

425,000

3.520%, 

10/27/2028

b

476,985

324,000

4.650%, 

7/23/2048

427,789

CNA

Financial

Corporation

225,000

3.900%, 

5/1/2029

262,717

Comerica,

Inc.

130,000

3.700%, 

7/31/2023

140,062

Commerzbank

AG

390,000

8.125%, 

9/19/2023

h

451,511

Cooperatieve

Centrale

Raiffeisen-

Boerenleenbank

BA

432,000

3.950%, 

11/9/2022

457,583

686,000

4.625%, 

12/1/2023

763,120

Credit

Acceptance

Corporation

200,000

5.125%, 

12/31/2024

h

205,500

Credit

Agricole

SA

525,000

3.250%, 

1/14/2030

h

565,816

Credit

Suisse

Group

AG

350,000

7.250%, 

9/12/2025

b,h,k

393,960

850,000

2.193%, 

6/5/2026

b,h

883,654

Principal

Amount

Long-Term

Fixed

Income

(28.7%)

Value

Financials

(2.2%)

-

continued

Danske

Bank

AS

$

375,000

3.244%, 

12/20/2025

b,h

$

402,918

Deutsche

Bank

AG

600,000

3.547%, 

9/18/2031

b

632,319

525,000

3.729%, 

1/14/2032

b

522,142

Deutsche

Bank

AG

of

New

York

100,000

3.950%, 

2/27/2023

106,177

Discover

Bank

275,000

2.450%, 

9/12/2024

290,619

480,000

4.682%, 

8/9/2028

b

512,736

Diversified

Healthcare

Trust

60,000

4.750%, 

2/15/2028

60,000

Drawbridge

Special

Opportunities

Fund,

LP

280,000

3.875%, 

2/15/2026

h

282,105

Duke

Realty,

LP

300,000

2.875%, 

11/15/2029

327,586

ERP

Operating,

LP

75,000

3.375%, 

6/1/2025

82,389

ESH

Hospitality,

Inc.

200,000

5.250%, 

5/1/2025

h

204,000

100,000

4.625%, 

10/1/2027

h

102,248

Fidelity

National

Financial,

Inc.

500,000

5.500%, 

9/1/2022

537,451

First

Horizon

National

Corporation

840,000

4.000%, 

5/26/2025

941,881

Fortress

Transportation

140,000

6.500%, 

10/1/2025

h

144,900

GE

Capital

Funding,

LLC

1,425,000

4.400%, 

5/15/2030

h

1,652,900

GE

Capital

International

Funding

Company

735,000

4.418%, 

11/15/2035

860,447

Global

Net

Lease,

Inc.

320,000

3.750%, 

12/15/2027

h

325,830

Goldman

Sachs

Group,

Inc.

550,000

4.128%, 

(LIBOR

3M

+

3.922%),

2/5/2021

b,k

547,415

312,000

2.908%, 

6/5/2023

b

322,018

250,000

3.625%, 

2/20/2024

271,657

145,000

1.992%, 

1/27/2032

b

144,730

395,000

4.750%, 

10/21/2045

528,641

HCP,

Inc.

140,000

3.400%, 

2/1/2025

153,653

Healthpeak

Properties,

Inc.

425,000

2.875%, 

1/15/2031

457,027

HSBC

Holdings

plc

300,000

6.875%, 

6/1/2021

b,k

304,167

725,000

3.803%, 

3/11/2025

b

789,924

275,000

3.900%, 

5/25/2026

311,478

700,000

4.950%, 

3/31/2030

861,831

Icahn

Enterprises,

LP

325,000

6.375%, 

12/15/2025

335,156

ING

Groep

NV

275,000

4.100%, 

10/2/2023

301,038

International

Lease

Finance

Corporation

150,000

5.875%, 

8/15/2022

161,336

iStar,

Inc.

210,000

4.250%, 

8/1/2025

206,850

J.P.

Morgan

Chase

&

Company

500,000

3.875%, 

9/10/2024

556,467

550,000

3.125%, 

1/23/2025

598,078

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

152

Principal

Amount

Long-Term

Fixed

Income

(28.7%)

Value

Financials

(2.2%)

-

continued

$

800,000

3.900%, 

7/15/2025

$

900,889

250,000

3.300%, 

4/1/2026

278,119

375,000

1.040%, 

2/4/2027

b,d

374,785

575,000

4.203%, 

7/23/2029

b

675,235

425,000

2.522%, 

4/22/2031

b

445,888

525,000

1.953%, 

2/4/2032

b,d

525,243

720,000

3.882%, 

7/24/2038

b

843,720

Kimco

Realty

Corporation

624,000

3.300%, 

2/1/2025

683,235

Liberty

Mutual

Group,

Inc.

152,000

4.950%, 

5/1/2022

h

160,370

Lloyds

Banking

Group

plc

425,000

2.907%, 

11/7/2023

b

442,546

1,100,000

3.870%, 

7/9/2025

b

1,208,717

MetLife,

Inc.

290,000

4.050%, 

3/1/2045

358,420

MGM

Growth

Properties

Operating

Partnership,

LP

280,000

4.625%, 

6/15/2025

h

296,800

120,000

5.750%, 

2/1/2027

134,509

Mitsubishi

UFJ

Financial

Group,

Inc.

825,000

3.455%, 

3/2/2023

876,155

390,000

3.287%, 

7/25/2027

442,553

850,000

2.048%, 

7/17/2030

865,509

Mizuho

Financial

Group,

Inc.

600,000

1.979%, 

9/8/2031

b

600,183

Morgan

Stanley

152,000

4.051%, 

(LIBOR

3M

+

3.810%),

4/15/2021

b,k

152,076

275,000

2.188%, 

4/28/2026

b

288,855

450,000

4.350%, 

9/8/2026

523,804

468,000

3.591%, 

7/22/2028

b

529,374

420,000

3.772%, 

1/24/2029

b

478,156

840,000

3.622%, 

4/1/2031

b

956,442

445,000

2.802%, 

1/25/2052

b

442,110

MPT

Operating

Partnership,

LP

290,000

4.625%, 

8/1/2029

310,146

140,000

3.500%, 

3/15/2031

141,306

Nasdaq,

Inc.

325,000

3.250%, 

4/28/2050

343,180

180,000

3.850%, 

6/30/2026

205,965

Nationwide

Building

Society

325,000

3.622%, 

4/26/2023

b,h

336,888

Natwest

Group

plc

790,000

3.032%, 

11/28/2035

b

793,595

Omega

Healthcare

Investors,

Inc.

375,000

3.375%, 

2/1/2031

390,666

Park

Aerospace

Holdings,

Ltd.

325,000

4.500%, 

3/15/2023

h

341,641

Prudential

Financial,

Inc.

375,000

3.700%, 

3/13/2051

427,593

Quicken

Loans,

LLC

160,000

3.625%, 

3/1/2029

h

160,072

160,000

3.875%, 

3/1/2031

h

162,200

Realty

Income

Corporation

320,000

4.125%, 

10/15/2026

373,773

280,000

1.800%, 

3/15/2033

274,659

Regency

Centers,

LP

550,000

4.125%, 

3/15/2028

626,126

Reinsurance

Group

of

America,

Inc.

460,000

4.700%, 

9/15/2023

507,004

Principal

Amount

Long-Term

Fixed

Income

(28.7%)

Value

Financials

(2.2%)

-

continued

Royal

Bank

of

Scotland

Group

plc

$

675,000

6.000%, 

12/29/2025

b,k

$

743,344

475,000

4.445%, 

5/8/2030

b

555,058

Service

Properties

Trust

170,000

4.500%, 

6/15/2023

171,105

80,000

4.750%, 

10/1/2026

76,800

130,000

5.500%, 

12/15/2027

138,874

Societe

Generale

SA

234,000

4.750%, 

11/24/2025

h

265,818

Springleaf

Finance

Corporation

320,000

6.875%, 

3/15/2025

366,200

270,000

7.125%, 

3/15/2026

315,900

Sumitomo

Mitsui

Financial

Group,

Inc.

228,000

3.010%, 

10/19/2026

252,312

400,000

1.710%, 

1/12/2031

393,731

Synchrony

Financial

85,000

4.250%, 

8/15/2024

93,416

350,000

3.950%, 

12/1/2027

391,011

UBS

Group

Funding

Jersey,

Ltd.

228,000

4.125%, 

9/24/2025

h

259,067

UDR,

Inc.

425,000

2.100%, 

8/1/2032

424,313

Ventas

Realty,

LP

340,000

3.100%, 

1/15/2023

355,987

VEREIT

Operating

Partnership,

LP

535,000

2.850%, 

12/15/2032

550,212

VICI

Properties,

LP

100,000

4.250%, 

12/1/2026

h

103,435

70,000

3.750%, 

2/15/2027

h

71,138

230,000

4.625%, 

12/1/2029

h

244,950

70,000

4.125%, 

8/15/2030

h

72,844

Voya

Financial,

Inc.

576,000

3.125%, 

7/15/2024

622,772

Wells

Fargo

&

Company

304,000

3.450%, 

2/13/2023

322,173

500,000

4.125%, 

8/15/2023

544,023

285,000

3.000%, 

2/19/2025

308,235

750,000

3.000%, 

4/22/2026

819,138

304,000

3.000%, 

10/23/2026

334,299

775,000

2.393%, 

6/2/2028

b

817,862

550,000

4.900%, 

11/17/2045

698,167

Westpac

Banking

Corporation

900,000

2.668%, 

11/15/2035

b

909,144

Total

69,836,356

Mortgage-Backed

Securities

(8.3%)

Federal

Home

Loan

Mortgage

Corporation

Conventional

30-Yr.

Pass

Through

12,599,578

3.000%, 

3/25/2050

13,271,010

7,500,796

3.000%, 

4/1/2050

7,900,296

280,137

3.500%, 

7/1/2047

299,350

Federal

National

Mortgage

Association

2,505,562

4.500%, 

5/1/2048

2,729,416

4,401,920

3.500%, 

10/1/2048

4,675,809

196,527

3.500%, 

6/1/2049

209,191

5,062,618

3.500%, 

8/1/2049

5,384,548

Federal

National

Mortgage

Association

Conventional

15-Yr.

Pass

Through

32,675,000

2.000%, 

3/1/2035

d

34,088,803

12,200,000

1.500%, 

2/1/2036

d

12,509,766

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

153

Principal

Amount

Long-Term

Fixed

Income

(28.7%)

Value

Mortgage-Backed

Securities

(8.3%)

-

continued

$

15,300,000

2.000%, 

2/1/2036

d

$

15,985,512

16,927,000

1.500%, 

3/1/2036

d

17,325,497

Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through

30,750,000

2.000%, 

2/1/2051

d,l

31,754,180

27,000,000

2.500%, 

2/1/2051

d

28,450,195

6,000,000

1.500%, 

3/1/2051

d

6,019,687

36,225,000

2.000%, 

3/1/2051

d,l

37,342,881

32,868,000

2.500%, 

3/1/2051

d

34,574,311

7,749,258

4.000%, 

7/1/2048

8,312,792

Total

260,833,244

Technology

(0.7%)

Apple,

Inc.

85,000

3.000%, 

2/9/2024

91,371

312,000

3.200%, 

5/11/2027

351,577

260,000

3.000%, 

6/20/2027

291,927

670,000

3.000%, 

11/13/2027

753,457

920,000

3.750%, 

9/12/2047

1,101,571

Applied

Materials,

Inc.

160,000

3.300%, 

4/1/2027

181,233

Avnet,

Inc.

225,000

3.750%, 

12/1/2021

230,535

Baidu,

Inc.

560,000

3.425%, 

4/7/2030

611,322

Black

Knight

InfoServ,

LLC

190,000

3.625%, 

9/1/2028

h

192,271

Broadcom

Corporation

143,000

3.875%, 

1/15/2027

159,737

380,000

3.500%, 

1/15/2028

414,735

Broadcom,

Inc.

275,000

5.000%, 

4/15/2030

327,365

CDW,

LLC

250,000

4.250%, 

4/1/2028

260,654

CommScope

Technologies

Finance,

LLC

536,000

6.000%, 

6/15/2025

h

547,336

Crowdstrike

Holdings,

Inc.

70,000

3.000%, 

2/15/2029

70,831

Diamond

1

Finance

Corporation

485,000

6.020%, 

6/15/2026

h

585,488

Diamond

Sports

Group,

LLC

310,000

6.625%, 

8/15/2027

g,h

196,850

Fiserv,

Inc.

400,000

2.250%, 

6/1/2027

422,843

580,000

2.650%, 

6/1/2030

615,921

Gartner,

Inc.

140,000

4.500%, 

7/1/2028

h

147,658

140,000

3.750%, 

10/1/2030

h

143,935

Hewlett

Packard

Enterprise

Company

400,000

4.650%, 

10/1/2024

453,369

Iron

Mountain,

Inc.

140,000

5.000%, 

7/15/2028

h

147,132

220,000

4.875%, 

9/15/2029

h

228,443

210,000

5.250%, 

7/15/2030

h

222,600

KLA

Corporation

840,000

3.300%, 

3/1/2050

923,314

Lam

Research

Corporation

700,000

2.875%, 

6/15/2050

728,538

Micron

Technology,

Inc.

275,000

2.497%, 

4/24/2023

286,923

Principal

Amount

Long-Term

Fixed

Income

(28.7%)

Value

Technology

(0.7%)

-

continued

Microsoft

Corporation

$

540,000

2.675%, 

6/1/2060

$

548,316

475,000

4.200%, 

11/3/2035

607,172

1,360,000

3.700%, 

8/8/2046

1,672,321

NCR

Corporation

530,000

6.125%, 

9/1/2029

h

571,329

NVIDIA

Corporation

700,000

3.500%, 

4/1/2040

804,525

NXP

BV/NXP

Funding,

LLC

575,000

4.875%, 

3/1/2024

h

646,014

Open

Text

Corporation

380,000

4.125%, 

2/15/2030

h

398,886

Oracle

Corporation

875,000

2.800%, 

4/1/2027

956,305

420,000

3.850%, 

7/15/2036

497,485

700,000

3.600%, 

4/1/2040

787,713

Plantronics,

Inc.

230,000

5.500%, 

5/31/2023

h

230,863

PTC,

Inc.

100,000

3.625%, 

2/15/2025

h

102,500

90,000

4.000%, 

2/15/2028

h

93,600

Qorvo,

Inc.

170,000

3.375%, 

4/1/2031

h

173,825

Rackspace

Technology

Global,

Inc.

200,000

5.375%, 

12/1/2028

h

208,500

Sensata

Technologies

BV

240,000

5.000%, 

10/1/2025

h

264,600

Sensata

Technologies,

Inc.

230,000

3.750%, 

2/15/2031

h

236,047

Shift4

Payments,

LLC

70,000

4.625%, 

11/1/2026

h

72,975

SS&C

Technologies,

Inc.

430,000

5.500%, 

9/30/2027

h

455,374

Switch,

Ltd.

250,000

3.750%, 

9/15/2028

h

255,288

Texas

Instruments,

Inc.

540,000

4.150%, 

5/15/2048

699,840

Tyco

Electronics

Group

SA

78,000

3.450%, 

8/1/2024

84,274

156,000

3.125%, 

8/15/2027

176,036

VMware,

Inc.

575,000

4.650%, 

5/15/2027

667,111

Total

21,899,835

Transportation

(0.2%)

Air

Canada

Pass

Through

Trust

49,932

3.875%, 

3/15/2023

h

48,774

American

Airlines,

Inc.

150,000

11.750%, 

7/15/2025

h

173,355

Boeing

Company

337,000

5.805%, 

5/1/2050

444,295

Burlington

Northern

Santa

Fe,

LLC

235,000

5.750%, 

5/1/2040

341,590

590,000

5.050%, 

3/1/2041

797,845

260,000

4.450%, 

3/15/2043

334,843

CSX

Corporation

420,000

3.800%, 

4/15/2050

496,015

Delta

Air

Lines,

Inc.

300,000

7.000%, 

5/1/2025

h

347,876

100,000

7.375%, 

1/15/2026

114,883

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

154

Principal

Amount

Long-Term

Fixed

Income

(28.7%)

Value

Transportation

(0.2%)

-

continued

Hawaiian

Brand

Intellectual

Property,

Ltd.

$

220,000

5.750%, 

1/20/2026

d,h

$

228,800

Mileage

Plus

Holdings,

LLC

200,000

6.500%, 

6/20/2027

h

218,750

Southwest

Airlines

Company

560,000

4.750%, 

5/4/2023

606,828

125,000

5.125%, 

6/15/2027

148,025

United

Parcel

Service,

Inc.

560,000

4.450%, 

4/1/2030

688,307

XPO

Logistics,

Inc.

200,000

6.125%, 

9/1/2023

h

203,250

64,000

6.750%, 

8/15/2024

h

67,687

Total

5,261,123

U.S.

Government

&

Agencies

(8.9%)

U.S.

Treasury

Bonds

5,850,000

1.625%, 

11/15/2050

5,561,156

2,055,000

2.250%, 

11/15/2027

2,262,427

21,400,000

2.875%, 

5/15/2028

24,559,008

5,090,000

5.250%, 

11/15/2028

6,787,396

10,000,000

1.625%, 

8/15/2029

10,563,281

12,370,000

1.500%, 

2/15/2030

12,904,423

1,175,000

4.375%, 

5/15/2040

1,728,673

10,800,000

1.375%, 

11/15/2040

10,290,375

560,000

3.000%, 

5/15/2042

695,625

15,871,000

2.500%, 

5/15/2046

18,214,452

13,950,000

2.875%, 

5/15/2049

17,286,012

U.S.

Treasury

Notes

7,890,000

1.500%, 

9/30/2021

7,964,585

420,000

1.125%, 

2/28/2022

424,659

21,720,000

0.125%, 

6/30/2022

21,726,788

3,710,000

1.875%, 

7/31/2022

3,808,112

3,345,000

0.125%, 

10/31/2022

3,345,784

19,860,000

2.000%, 

11/30/2022

20,541,912

11,300,000

0.125%, 

12/31/2022

11,302,207

5,270,000

2.500%, 

3/31/2023

5,540,087

1,750,000

0.125%, 

10/15/2023

1,748,428

16,750,000

2.500%, 

1/31/2024

17,910,068

5,990,000

2.125%, 

7/31/2024

6,384,498

10,000,000

1.250%, 

8/31/2024

10,355,469

5,740,000

2.250%, 

11/15/2024

6,166,912

6,340,000

2.125%, 

11/30/2024

6,785,286

700,000

1.375%, 

1/31/2025

729,914

4,625,000

0.250%, 

8/31/2025

4,598,804

9,100,000

2.625%, 

1/31/2026

10,086,070

23,740,000

2.500%, 

2/28/2026

26,185,405

3,700,000

0.500%, 

4/30/2027

3,668,492

Total

280,126,308

Utilities

(0.7%)

Ameren

Illinois

Company

390,000

4.500%, 

3/15/2049

513,820

American

Water

Capital

Corporation

700,000

2.800%, 

5/1/2030

764,012

Appalachian

Power

Company

155,000

3.300%, 

6/1/2027

172,448

Arizona

Public

Service

Company

300,000

3.500%, 

12/1/2049

339,917

Berkshire

Hathaway

Energy

Company

265,000

4.500%, 

2/1/2045

329,674

Principal

Amount

Long-Term

Fixed

Income

(28.7%)

Value

Utilities

(0.7%)

-

continued

Calpine

Corporation

$

310,000

4.500%, 

2/15/2028

h

$

318,432

CenterPoint

Energy,

Inc.

375,000

2.500%, 

9/1/2024

398,543

355,000

4.250%, 

11/1/2028

417,720

CMS

Energy

Corporation

228,000

2.950%, 

2/15/2027

247,991

Commonwealth

Edison

Company

290,000

3.700%, 

3/1/2045

336,224

Consolidated

Edison

Company

of

New

York,

Inc.

825,000

4.125%, 

5/15/2049

1,004,305

Consolidated

Edison,

Inc.

114,000

4.500%, 

12/1/2045

141,902

Consumers

Energy

Company

475,000

4.350%, 

4/15/2049

630,991

DTE

Electric

Company

215,000

3.700%, 

3/15/2045

250,804

245,000

3.700%, 

6/1/2046

285,814

Duke

Energy

Carolinas,

LLC

585,000

3.700%, 

12/1/2047

681,078

Duke

Energy

Corporation

304,000

3.750%, 

9/1/2046

335,162

Duke

Energy

Florida,

LLC

210,000

3.200%, 

1/15/2027

234,291

Duke

Energy

Indiana,

LLC

310,000

3.750%, 

5/15/2046

355,710

Edison

International

525,000

5.750%, 

6/15/2027

631,424

Exelon

Corporation

515,000

4.700%, 

4/15/2050

661,233

120,000

5.100%, 

6/15/2045

157,696

459,000

4.450%, 

4/15/2046

563,868

FirstEnergy

Corporation

100,000

2.850%, 

7/15/2022

101,880

ITC

Holdings

Corporation

84,000

4.050%, 

7/1/2023

90,326

152,000

5.300%, 

7/1/2043

198,249

Mississippi

Power

Company

310,000

3.950%, 

3/30/2028

357,230

Monongahela

Power

Company

210,000

5.400%, 

12/15/2043

h

273,118

National

Rural

Utilities

Cooperative

Finance

Corporation

250,000

3.900%, 

11/1/2028

291,080

525,000

3.700%, 

3/15/2029

610,252

NextEra

Energy

Operating

Partners,

LP

520,000

3.875%, 

10/15/2026

h

556,803

NiSource

Finance

Corporation

435,000

5.650%, 

2/1/2045

608,551

NiSource,

Inc.

600,000

3.600%, 

5/1/2030

682,517

NRG

Energy,

Inc.

430,000

3.375%, 

2/15/2029

h

439,847

70,000

3.625%, 

2/15/2031

h

72,800

Pacific

Gas

and

Electric

Company

365,000

3.300%, 

12/1/2027

393,991

365,000

3.950%, 

12/1/2047

366,790

PG&E

Corporation

140,000

5.000%, 

7/1/2028

150,201

110,000

5.250%, 

7/1/2030

121,000

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

155

Principal

Amount

Long-Term

Fixed

Income

(28.7%)

Value

Utilities

(0.7%)

-

continued

PPL

Capital

Funding,

Inc.

$

365,000

5.000%, 

3/15/2044

$

456,619

PPL

Electric

Utilities

Corporation

234,000

3.950%, 

6/1/2047

282,057

Public

Service

Electric

&

Gas

Company

390,000

3.000%, 

5/15/2027

431,064

San

Diego

Gas

and

Electric

Company

540,000

4.150%, 

5/15/2048

663,880

South

Carolina

Electric

&

Gas

Company

685,000

5.100%, 

6/1/2065

1,046,747

Southern

California

Edison

Company

320,000

4.000%, 

4/1/2047

357,753

Southern

Company

424,000

3.250%, 

7/1/2026

471,501

Southern

Company

Gas

Capital

Corporation

390,000

4.400%, 

5/30/2047

474,460

Southwestern

Electric

Power

Company

110,000

3.900%, 

4/1/2045

124,332

Suburban

Propane

Partners,

LP

260,000

5.875%, 

3/1/2027

271,050

Talen

Energy

Supply,

LLC

260,000

7.625%, 

6/1/2028

h

280,150

TerraForm

Power

Operating,

LLC

240,000

5.000%, 

1/31/2028

h

266,400

Virginia

Electric

and

Power

Company

375,000

4.600%, 

12/1/2048

500,818

Vistra

Operations

Company,

LLC

410,000

5.000%, 

7/31/2027

h

431,607

Total

21,146,132

Total

Long-Term

Fixed

Income

(cost

$858,077,662)

901,639,374

Shares

Common

Stock

(

20.9%

)

Value

Communications

Services

(0.8%)

802

Activision

Blizzard,

Inc.

72,982

1,434

Alphabet,

Inc.,

Class

A

m

2,620,434

1,208

Alphabet,

Inc.,

Class

C

m

2,217,574

14,053

ANGI

Homeservices,

Inc.

m

196,461

14,268

AT&T,

Inc.

408,493

1,444

Charter

Communications,

Inc.

m

877,317

8,034

Cinemark

Holdings,

Inc.

g

162,608

190

Cogent

Communications

Holdings

10,821

32,160

Comcast

Corporation

1,594,171

3,598

Consolidated

Communications

Holdings,

Inc.

m

21,966

15,366

Discovery,

Inc.,

Class

A

g,m

636,460

12,435

DISH

Network

Corporation

m

360,864

4,412

EchoStar

Corporation

m

92,387

6,328

Facebook,

Inc.

m

1,634,712

2,450

Hemisphere

Media

Group,

Inc.

m

25,578

16,121

Interpublic

Group

of

Companies,

Inc.

388,032

25,064

Live

Nation

Entertainment,

Inc.

m

1,665,503

15,472

Match

Group,

Inc.

m

2,163,914

4,157

Meredith

Corporation

91,163

5,481

News Corporation

103,481

Shares

Common

Stock

(20.9%)

Value

Communications

Services

(0.8%)

-

continued

1,988

Omnicom

Group,

Inc.

$

124,011

29,451

ORBCOMM,

Inc.

m

220,588

47,541

QuinStreet,

Inc.

m

1,006,443

7,188

RingCentral,

Inc.

m

2,680,549

3,202

Scholastic

Corporation

82,516

5,891

Take-Two

Interactive

Software,

Inc.

m

1,180,851

2,077

Twitter,

Inc.

m

104,951

2,270

Uber

Technologies,

Inc.

m

115,611

28,385

Verizon

Communications,

Inc.

1,554,079

9,795

Walt

Disney

Company

m

1,647,225

618

Windstream

Services,

LLC,

Warrants

(Expires

12/31/2049)

m

8,085

4,932

Zillow

Group,

Inc.

m

684,167

Total

24,753,997

Consumer

Discretionary

(2.6%)

1,840

Aaron's

Company,

Inc.

m

31,170

6,446

Adient

plc

m

208,141

1,902

Amazon.com,

Inc.

m

6,098,192

5,763

American

Eagle

Outfitters,

Inc.

g

130,762

340

American

Public

Education,

Inc.

m

9,785

24,400

Aptiv

plc

3,259,840

5,027

At

Home

Group,

Inc.

m

122,508

2,440

AutoNation,

Inc.

m

173,923

488

AutoZone,

Inc.

m

545,765

789

Bally's

Corporation

41,407

420

Beazer

Homes

USA,

Inc.

m

6,980

4,094

Bed

Bath

&

Beyond,

Inc.

g

144,641

5,565

BJ's

Restaurants,

Inc.

m

260,108

391

Booking

Holdings,

Inc.

m

760,233

16,334

Bright

Horizons

Family

Solutions,

Inc.

m

2,482,278

2,468

Brinker

International,

Inc.

145,316

1,078

Brunswick

Corporation

93,204

7,455

Burlington

Stores,

Inc.

m

1,855,549

5,496

Caesars

Entertainment,

Inc.

m

386,863

1,341

Camping

World

Holdings,

Inc.

45,809

5,158

Carnival

Corporation

96,300

115

Carvana

Company

m

30,037

154

Cavco

Industries,

Inc.

m

29,054

15,926

Cedar

Fair,

LP

638,633

2,873

Century

Casinos,

Inc.

m

19,967

2,098

Century

Communities,

Inc.

m

98,480

10,183

Chegg,

Inc.

m

970,033

16,673

Chewy,

Inc.

g,m

1,697,645

58,879

Chico's

FAS,

Inc.

130,123

1,289

Children's

Place,

Inc.

g,m

94,703

1,412

Chipotle

Mexican

Grill,

Inc.

m

2,089,760

7,225

Choice

Hotels

International,

Inc.

727,124

613

Churchill

Downs,

Inc.

114,907

53,119

Cooper-Standard

Holdings,

Inc.

m

1,620,661

2,673

Cracker

Barrel

Old

Country

Store,

Inc.

361,684

8,677

Crocs,

Inc.

m

607,564

11,128

Culp,

Inc.

171,705

6,285

D.R.

Horton,

Inc.

482,688

3,973

Dana,

Inc.

76,917

3,575

Darden

Restaurants,

Inc.

417,882

1,610

Deckers

Outdoor

Corporation

m

470,088

4,264

Denny's

Corporation

m

67,073

10,029

Designer

Brands,

Inc.

122,855

5,060

Dick's

Sporting

Goods,

Inc.

339,071

2,599

Dine

Brands

Global,

Inc.

178,707

5,620

Domino's

Pizza,

Inc.

2,083,671

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

156

Shares

Common

Stock

(20.9%)

Value

Consumer

Discretionary

(2.6%)

-

continued

3,517

Dorman

Products,

Inc.

m

$

319,449

80,887

Duluth

Holdings,

Inc.

g,m

1,008,661

13,269

Emerald

Holding,

Inc.

53,872

3,571

Ethan

Allen

Interiors,

Inc.

84,454

5,389

Etsy,

Inc.

m

1,072,896

3,355

Expedia

Group,

Inc.

416,355

3,994

Extended

Stay

America,

Inc.

58,632

12,251

Five

Below,

Inc.

m

2,152,868

3,259

Foot

Locker,

Inc.

142,809

684

Fox

Factory

Holding

Corporation

m

81,834

25,953

Gap,

Inc.

m

525,548

1,118

Garmin,

Ltd.

128,413

3,562

Gentex

Corporation

117,724

3,251

Genuine

Parts

Company

305,204

17,157

Goodyear

Tire

&

Rubber

Company

181,006

2,024

Grand

Canyon

Education,

Inc.

m

171,919

2,129

Groupon,

Inc.

m

72,748

5,387

H&R

Block,

Inc.

92,818

16,194

Hanesbrands,

Inc.

247,606

16,471

Harley-Davidson,

Inc.

660,322

1,686

Helen

of

Troy,

Ltd.

m

411,806

8,265

Home

Depot,

Inc.

2,238,327

1,235

Hovnanian

Enterprises,

Inc.

m

63,183

3,296

Jack

in

the

Box,

Inc.

310,285

6,571

KB

Home

273,616

8,603

Knoll,

Inc.

128,701

13,196

Kohl's

Corporation

581,416

14,766

L

Brands,

Inc.

601,862

8,113

Lear

Corporation

1,223,116

14,408

Leggett

&

Platt,

Inc.

590,728

7,443

Lithia

Motors,

Inc.

2,371,935

11,764

Lowe's

Companies,

Inc.

1,962,823

2,663

Lululemon

Athletica,

Inc.

m

875,275

1,670

M.D.C.

Holdings,

Inc.

86,873

1,997

Madison

Square

Garden

Sports

Corporation

m

323,294

3,673

Marcus

Corporation

64,645

913

Marriott

International,

Inc.

106,191

1,093

Marriott

Vacations

Worldwide

Corporation

134,177

10,778

Mattel,

Inc.

m

195,297

5,211

McDonald's

Corporation

1,083,054

3,243

Meritage

Homes

Corporation

m

260,283

4,942

Michaels

Companies,

Inc.

m

76,601

14,650

Miller

Industries,

Inc.

584,242

2,176

Mohawk

Industries,

Inc.

m

312,474

9,147

NIKE,

Inc.

1,221,948

7,621

Nordstrom,

Inc.

g

270,164

11,110

Norwegian

Cruise

Line

Holdings,

Ltd.

g,m

251,642

937

NVR,

Inc.

m

4,166,352

9,092

Ollie's

Bargain

Outlet

Holdings,

Inc.

m

861,285

2,906

Overstock.com,

Inc.

g,m

225,506

18,366

Park

Hotels

&

Resorts,

Inc.

306,345

7,231

Penn

National

Gaming,

Inc.

m

749,999

41,007

Planet

Fitness,

Inc.

m

2,952,504

46,370

Playa

Hotels

and

Resorts

NV

m

246,688

2,071

Pool

Corporation

733,507

9,813

PulteGroup,

Inc.

426,866

2,843

Purple

Innovation,

Inc.

m

96,776

474

PVH

Corporation

40,413

25,215

Red

Rock

Resorts,

Inc.

592,048

1,594

RH

m

757,724

640

Royal

Caribbean

Cruises,

Ltd.

41,600

Shares

Common

Stock

(20.9%)

Value

Consumer

Discretionary

(2.6%)

-

continued

12,315

Ruth's

Hospitality

Group,

Inc.

$

224,010

1,977

Scientific

Games

Corporation

m

77,538

6,699

Six

Flags

Entertainment

Corporation

229,106

24,139

Skyline

Corporation

m

811,795

5,431

Sleep

Number

Corporation

m

585,136

8,404

Sony

Corporation

ADR

804,347

8,280

Standard

Motor

Products,

Inc.

324,824

20,601

Stoneridge,

Inc.

m

565,497

272

Strategic

Education,

Inc.

24,037

26,762

Taylor

Morrison

Home

Corporation

m

695,277

9,023

Tenneco,

Inc.

m

91,132

2,024

Tesla,

Inc.

m

1,606,105

19,322

Texas

Roadhouse,

Inc.

1,472,530

6,684

Thor

Industries,

Inc.

808,831

15,664

Toll

Brothers,

Inc.

800,430

857

TopBuild

Corporation

m

171,357

5,551

Tri

Pointe

Homes,

Inc.

m

112,130

4,166

Tupperware

Brands

Corporation

m

125,313

6,053

Ulta

Beauty,

Inc.

m

1,693,387

2,131

Vail

Resorts,

Inc.

566,761

290

Wayfair,

Inc.

m

78,973

578

Whirlpool

Corporation

106,982

958

Williams-Sonoma,

Inc.

123,505

9,926

Wingstop,

Inc.

1,489,396

35

Winmark

Corporation

5,972

1,533

Wyndham

Destinations,

Inc.

67,820

1,751

YETI

Holdings,

Inc.

m

115,251

3,745

Yum!

Brands,

Inc.

380,080

14,784

Zumiez,

Inc.

m

636,895

Total

82,030,932

Consumer

Staples

(0.7%)

301

Beyond

Meat,

Inc.

g,m

53,602

608

BJ's

Wholesale

Club

Holdings,

Inc.

m

25,579

400

Boston

Beer

Company,

Inc.

m

366,756

9,454

Casey's

General

Stores,

Inc.

1,772,436

9,271

Colgate-Palmolive

Company

723,138

4,375

Costco

Wholesale

Corporation

1,541,881

24,074

Coty,

Inc.

153,351

9,168

Darling

Ingredients,

Inc.

m

568,508

55,909

e.l.f.

Beauty,

Inc.

m

1,216,580

1,605

Edgewell

Personal

Care

Company

53,607

2,308

Flowers

Foods,

Inc.

52,992

23,139

Hain

Celestial

Group,

Inc.

m

962,235

127

Herbalife

Nutrition,

Ltd.

m

6,472

1,402

Ingredion,

Inc.

105,809

4,134

John

B.

Sanfilippo

&

Son,

Inc.

332,498

2,672

Kimberly-Clark

Corporation

352,971

25,122

Lamb

Weston

Holdings,

Inc.

1,876,613

295

Lancaster

Colony

Corporation

51,501

1,904

McCormick

&

Company,

Inc.

170,484

870

Medifast,

Inc.

204,163

16,445

Monster

Beverage

Corporation

m

1,427,919

8,824

NewAge,

Inc.

g,m

26,913

815

Nu

Skin

Enterprises,

Inc.

47,164

970

PepsiCo,

Inc.

132,473

2,271

Performance

Food

Group

Company

m

106,464

16,801

Philip

Morris

International,

Inc.

1,338,200

61,740

Primo

Water

Corporation

953,883

7,247

Procter

&

Gamble

Company

929,138

2,828

Seneca

Foods

Corporation

m

102,515

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

157

Shares

Common

Stock

(20.9%)

Value

Consumer

Staples

(0.7%)

-

continued

812

Spectrum

Brands

Holdings,

Inc.

$

61,363

4,814

Sprouts

Farmers

Markets,

Inc.

m

109,037

866

Tootsie

Roll

Industries,

Inc.

g

34,276

51,468

Turning

Point

Brands,

Inc.

2,424,143

3,049

US

Foods

Holding

Corporation

m

94,488

2,307

Utz

Brands,

Inc.

54,399

2,132

Vector

Group,

Ltd.

25,030

12,402

Wal-Mart

Stores,

Inc.

1,742,357

409

WD-40

Company

124,504

Total

20,325,442

Energy

(0.5%)

1,256

Abraxas

Petroleum

Corporation

m

3,203

14,248

Antero

Midstream

Corporation

115,409

21,242

Apache

Corporation

303,336

38,794

Archrock,

Inc.

344,103

21,174

BP

plc

ADR

470,486

26,350

Centennial

Resource

Development,

Inc.

m

61,659

7,667

ChampionX

Corporation

m

117,228

9,677

Chevron

Corporation

824,480

23,585

Cimarex

Energy

Company

994,815

10,547

Continental

Resources,

Inc.

g

207,670

19,192

Core

Laboratories

NV

632,952

5,885

Delek

US

Holdings,

Inc.

110,403

143,318

Devon

Energy

Corporation

2,359,014

19,239

Diamondback

Energy,

Inc.

1,090,659

43,688

EnLink

Midstream,

LLC

m

169,946

14,772

Enterprise

Products

Partners,

LP

298,838

9,021

EOG

Resources,

Inc.

459,710

33,186

EQT

Corporation

541,264

14,099

Equitrans

Midstream

Corporation

93,758

2,152

Evolution

Petroleum

Corporation

6,843

16,956

Exterran

Corporation

m

73,250

9,156

Exxon

Mobil

Corporation

410,555

25,032

Frank's

International

NV

m

69,589

17,938

Gran

Tierra

Energy,

Inc.

m

10,548

12,002

Halliburton

Company

211,595

47,610

Helmerich

&

Payne,

Inc.

1,155,971

8,305

HollyFrontier

Corporation

236,360

8,589

Liberty

Oilfield

Services,

Inc.

103,240

47,022

Marathon

Oil

Corporation

340,439

11,629

Marathon

Petroleum

Corporation

501,908

41,475

McDermott

International,

Inc.

m

42,305

53,178

Nine

Energy

Service,

Inc.

m

137,731

8,574

Occidental

Petroleum

Corporation

171,995

16,403

Oceaneering

International,

Inc.

m

138,605

41,784

Patterson-UTI

Energy,

Inc.

256,972

4,526

Pioneer

Natural

Resources

Company

547,193

8,883

Plains

GP

Holdings,

LP

m

76,749

13,014

ProPetro

Holding

Corporation

m

103,982

3,423

RPC,

Inc.

m

15,267

6,457

Schlumberger,

Ltd.

143,410

30,608

Southwestern

Energy

Company

m

115,392

18,812

Talos

Energy,

Inc.

m

159,150

14,949

Targa

Resources

Corporation

409,154

18,246

TechnipFMC

plc

195,050

5,694

Valero

Energy

Corporation

321,312

Total

15,153,498

Financials

(3.0%)

431

1st

Source

Corporation

16,960

14,071

AG

Mortgage

Investment

Trust,

Inc.

49,811

Shares

Common

Stock

(20.9%)

Value

Financials

(3.0%)

-

continued

19,613

Air

Lease

Corporation

$

777,263

1,948

Alleghany

Corporation

1,104,224

22,243

Ally

Financial,

Inc.

841,675

673

American

Express

Company

78,243

23,488

American

Financial

Group,

Inc.

2,211,160

1,157

Ameriprise

Financial,

Inc.

228,936

13,676

Ameris

Bancorp

534,868

2,111

Aon

plc

428,744

24,586

Apollo

Commercial

Real

Estate

Finance,

Inc.

274,871

25,296

Arch

Capital

Group,

Ltd.

m

794,547

3,059

Argo

Group

International

Holdings,

Ltd.

123,431

17,938

Arthur

J.

Gallagher

&

Company

2,070,225

9,620

Artisan

Partners

Asset

Management,

Inc.

465,608

36,768

Associated

Banc-Corp

659,618

47,288

Assured

Guaranty,

Ltd.

1,690,546

6,556

Bancorp,

Inc.

m

109,944

51,752

Bank

of

America

Corporation

1,534,447

1,625

Bank

of

Marin

Bancorp

60,352

14,427

Bank

of

N.T.

Butterfield

&

Son,

Ltd.

438,725

11,123

BankFinancial

Corporation

94,323

11,977

Banner

Corporation

529,743

4,764

Berkshire

Hathaway,

Inc.

m

1,085,573

32,455

Berkshire

Hills

Bancorp,

Inc.

538,104

2,035

BlackRock,

Inc.

1,427,064

4,931

Blackstone

Mortgage

Trust,

Inc.

131,460

47

BM

Technologies,

Inc.

e,m

647

469

BOK

Financial

Corporation

34,640

1,222

Bridge

Bancorp,

Inc.

m

29,853

36,578

Bridgewater

Bancshares,

Inc.

m

469,662

2,854

Brighthouse

Financial,

Inc.

m

100,917

27,636

BrightSphere

Investment

Group

506,568

15,610

Brookline

Bancorp,

Inc.

196,530

4,292

Brown

&

Brown,

Inc.

184,942

3,694

Byline

Bancorp,

Inc.

59,363

10,020

Capital

One

Financial

Corporation

1,044,685

1,654

Cboe

Global

Markets,

Inc.

151,721

13,218

Central

Pacific

Financial

Corporation

262,774

7,856

Charles

Schwab

Corporation

404,898

9,183

Chimera

Investment

Corporation

92,748

7,880

Chubb,

Ltd.

1,147,880

2,055

Cincinnati

Financial

Corporation

172,805

27,539

Citigroup,

Inc.

1,596,987

4,947

Citizens

Financial

Group,

Inc.

180,269

4,721

CME

Group,

Inc.

857,995

25,628

Columbia

Banking

System,

Inc.

987,191

6,060

Comerica,

Inc.

346,632

1,728

Commerce

Bancshares,

Inc.

115,517

13,694

Community

Trust

Bancorp,

Inc.

499,283

1,390

Cullen/Frost

Bankers,

Inc.

128,214

2,685

Customers

Bancorp,

Inc.

m

59,661

366

Diamond

Hill

Investment

Group,

Inc.

54,252

6,163

Discover

Financial

Services

514,857

4,317

East

West

Bancorp,

Inc.

258,761

4,700

Ellington

Residential

Mortgage

REIT

56,212

391

Employers

Holdings,

Inc.

11,925

4,523

Enterprise

Financial

Services

Corporation

159,707

27,088

Equitable

Holdings,

Inc.

671,241

15,217

Essent

Group,

Ltd.

636,527

8,696

Evercore,

Inc.

948,734

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

158

Shares

Common

Stock

(20.9%)

Value

Financials

(3.0%)

-

continued

137,542

Everi

Holdings,

Inc.

m

$

1,799,049

31,312

F.N.B.

Corporation

308,736

1,995

FactSet

Research

Systems,

Inc.

603,168

3,319

FBL

Financial

Group,

Inc.

185,997

1,048

Federal

Agricultural

Mortgage

Corporation

79,648

11,577

Financial

Institutions,

Inc.

264,998

839

First

American

Financial

Corporation

43,871

11,485

First

Bancorp/Puerto

Rico

104,513

542

First

Bancorp/Southern

Pines

NC

18,461

22,138

First

Busey

Corporation

457,592

26,839

First

Financial

Bancorp

491,690

7,836

First

Financial

Corporation

300,824

10,789

First

Horizon

Corporation

149,859

551

First

Mid-Illinois

Bancshares,

Inc.

18,662

23,383

First

Midwest

Bancorp,

Inc.

386,521

1,531

First

of

Long

Island

Corporation

25,614

231

First

Republic

Bank

33,493

20,917

Flagstar

Bancorp,

Inc.

896,293

1,959

Flushing

Financial

Corporation

35,811

74,106

Fulton

Financial

Corporation

993,020

6,732

Glacier

Bancorp,

Inc.

314,048

1,135

Goldman

Sachs

Group,

Inc.

307,778

21,749

Granite

Point

Mortgage

Trust,

Inc.

202,701

15,969

Great

Southern

Bancorp,

Inc.

785,196

12,979

Great

Western

Bancorp,

Inc.

311,496

9,400

Hamilton

Lane,

Inc.

708,478

40,370

Hancock

Whitney

Corporation

1,378,232

6,726

Hanmi

Financial

Corporation

92,953

12,535

Hanover

Insurance

Group,

Inc.

1,409,811

28,830

Heartland

Financial

USA,

Inc.

1,229,888

63,909

Heritage

Commerce

Corporation

561,121

13,331

Hometrust

Bancshares,

Inc.

279,951

68,859

Hope

Bancorp,

Inc.

769,844

18,433

Horizon

Bancorp,

Inc.

291,794

1,089

Houlihan

Lokey,

Inc.

70,622

16,681

Independent

Bank

Corporation

306,263

4,206

Interactive

Brokers

Group,

Inc.

257,365

19,066

J.P.

Morgan

Chase

&

Company

2,453,222

14,225

James

River

Group

Holdings,

Ltd.

632,728

3,164

Janus

Henderson

Group

plc

97,325

7,068

Kemper

Corporation

497,234

37,123

KeyCorp

625,894

13,607

Kinsale

Capital

Group,

Inc.

2,552,129

12,240

Ladder

Capital

Corporation

120,319

6,351

Lakeland

Bancorp,

Inc.

83,262

8,437

Lincoln

National

Corporation

383,799

3,039

Loews

Corporation

137,636

150

Markel

Corporation

m

145,422

298

MarketAxess

Holdings,

Inc.

161,146

2,182

Marsh

&

McLennan

Companies,

Inc.

239,824

3,034

Mercantile

Bank

Corporation

82,373

19,789

Meridian

Bancorp,

Inc.

299,803

10,171

MetLife,

Inc.

489,734

3,992

Midland

States

Bancorp,

Inc.

73,413

22,010

MidWestOne

Financial

Group,

Inc.

541,226

1,655

Moody's

Corporation

440,660

16,221

Morgan

Stanley

1,087,618

376

Morningstar,

Inc.

86,439

10,187

Mr.

Cooper

Group,

Inc.

m

277,392

4,507

MSCI,

Inc.

1,781,617

43

Nasdaq,

Inc.

5,817

223

National

Western

Life

Group,

Inc.

40,140

Shares

Common

Stock

(20.9%)

Value

Financials

(3.0%)

-

continued

1,040

NBT

Bancorp,

Inc.

$

34,330

40,921

New

York

Community

Bancorp,

Inc.

428,034

4,665

Northern

Trust

Corporation

416,071

4,989

OFG

Bancorp

85,711

7,657

Old

National

Bancorp

128,561

9,674

Old

Second

Bancorp,

Inc.

94,999

25,461

PacWest

Bancorp

768,668

616

Peapack-Gladstone

Financial

Corporation

14,488

3,163

Peoples

Bancorp,

Inc.

96,471

64,869

People's

United

Financial,

Inc.

886,111

37,110

Popular,

Inc.

2,105,992

18,123

Premier

Financial

Corporation

503,094

6,246

Primerica,

Inc.

870,130

4,373

PROG

Holdings,

Inc.

206,318

3,579

Prosperity

Bancshares,

Inc.

241,368

11,028

QCR

Holdings,

Inc.

427,666

47,538

Radian

Group,

Inc.

912,730

9,323

Raymond

James

Financial,

Inc.

931,647

24,823

Redwood

Trust,

Inc.

212,981

10,455

Reinsurance

Group

of

America,

Inc.

1,098,298

345

RLI

Corporation

33,389

2,084

S&P

Global,

Inc.

660,628

1,510

Safety

Insurance

Group,

Inc.

110,894

18,188

Santander

Consumer

USA

Holdings,

Inc.

401,955

37,605

Seacoast

Banking

Corporation

of

Florida

m

1,145,072

19,225

SEI

Investments

Company

1,016,041

5,032

Selective

Insurance

Group,

Inc.

326,979

6,941

Signature

Bank

1,146,584

15,658

Simmons

First

National

Corporation

386,753

2,341

Southside

Bancshares,

Inc.

73,437

27,949

Starwood

Property

Trust,

Inc.

524,323

3,149

Sterling

Bancorp

58,131

1,917

Stifel

Financial

Corporation

99,339

38,498

Synovus

Financial

Corporation

1,432,126

7,940

T.

Rowe

Price

Group,

Inc.

1,242,451

4,121

Territorial

Bancorp,

Inc.

98,327

7,136

TMX

Group,

Ltd.

688,293

187

Tompkins

Financial

Corporation

12,505

1,812

Torchmark

Corporation

163,787

2,415

Towne

Bank

56,028

13,145

TPG

RE

Finance

Trust,

Inc.

128,427

8,261

TriCo

Bancshares

308,135

21,316

Triumph

Bancorp,

Inc.

m

1,222,259

12,971

Truist

Financial

Corporation

622,349

27,292

TrustCo

Bank

Corporation

169,756

3,986

Trustmark

Corporation

109,495

18,035

Two

Harbors

Investment

Corporation

109,472

19,503

Umpqua

Holdings

Corporation

282,989

12,339

United

Bankshares,

Inc.

390,653

1,135

Univest

Financial

Corporation

25,481

5,579

Unum

Group

129,600

26,432

Valley

National

Bancorp

269,871

1,004

Walker

&

Dunlop,

Inc.

82,649

4,816

Washington

Trust

Bancorp,

Inc.

209,881

3,462

Webster

Financial

Corporation

161,849

58,997

Wells

Fargo

&

Company

1,762,830

4,587

WesBanco,

Inc.

133,023

77,000

Western

Alliance

Bancorp

5,249,860

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

159

Shares

Common

Stock

(20.9%)

Value

Financials

(3.0%)

-

continued

32,085

Western

Asset

Mortgage

Capital

Corporation

$

94,651

536

Westwood

Holdings

Group,

Inc.

6,346

14,415

Wintrust

Financial

Corporation

867,639

28,604

Zions

Bancorporations

NA

1,262,581

1,717

Zurich

Insurance

Group

AG

686,537

Total

95,483,639

Health

Care

(3.1%)

14,546

Abbott

Laboratories

1,797,740

5,988

AbbVie,

Inc.

613,650

1,516

Acadia

Healthcare

Company,

Inc.

m

76,831

53,538

ACADIA

Pharmaceuticals,

Inc.

m

2,572,501

1,149

Acceleron

Pharma,

Inc.

m

132,744

16,241

ADMA

Biologics,

Inc.

m

36,055

6,818

Adverum

Biotechnologies,

Inc.

m

84,066

4,476

Agile

Therapeutics,

Inc.

m

12,622

10,563

Akebia

Therapeutics,

Inc.

m

34,224

876

Align

Technology,

Inc.

m

460,233

604

Allakos,

Inc.

m

80,531

4,155

Altimmune,

Inc.

m

59,333

2,037

AmerisourceBergen

Corporation

212,255

5,965

Amgen,

Inc.

1,440,130

10,864

AMN

Healthcare

Services,

Inc.

m

783,512

6,469

AnaptysBio,

Inc.

m

167,676

2,717

Anthem,

Inc.

806,895

115,088

Ardelyx,

Inc.

m

781,448

4,317

Arena

Pharmaceuticals,

Inc.

m

320,494

6,260

Argenx

SE

ADR

m

1,834,305

6,873

Arrowhead

Research

Corporation

m

530,389

8,906

Atara

Biotherapeutics,

Inc.

m

164,405

203

Atrion

Corporation

132,248

1,196

AVROBIO,

Inc.

m

17,115

18,703

Axonics

Modulation

Technologies,

Inc.

g,m

966,945

2,893

Becton,

Dickinson

and

Company

757,358

1,808

Biogen,

Inc.

m

510,959

20,339

Biohaven

Pharmaceutical

Holding

Company,

Ltd.

m

1,733,290

275

BioLife

Solutions,

Inc.

m

10,428

512

Bio-Rad

Laboratories,

Inc.

m

293,770

11,282

Bio-Techne

Corporation

3,665,635

2,137

BioXcel

Therapeutics,

Inc.

m

98,986

2,801

Bluebird

Bio,

Inc.

m

124,785

1,659

Bruker

Corporation

96,040

2,060

Capricor

Therapeutics,

Inc.

m

13,555

32,586

Catalent,

Inc.

m

3,749,019

7,505

Centene

Corporation

m

452,551

1,365

Cerner

Corporation

109,350

4,171

Charles

River

Laboratories

International,

Inc.

m

1,080,498

1,581

Chemed

Corporation

818,800

4,064

Cigna

Holding

Company

882,091

8,585

CryoLife,

Inc.

m

205,439

7,211

CVS

Health

Corporation

516,668

2,177

CymaBay

Therapeutics,

Inc.

m

11,647

8,285

CytomX

Therapeutics,

Inc.

m

57,249

2,747

Danaher

Corporation

653,346

1,113

Deciphera

Pharmaceuticals,

Inc.

m

49,195

5,950

Dexcom,

Inc.

m

2,230,357

4,938

Dynavax

Technologies

Corporation

g,m

31,159

3,517

Editas

Medicine,

Inc.

g,m

215,768

6,362

Edwards

Lifesciences

Corporation

m

525,374

Shares

Common

Stock

(20.9%)

Value

Health

Care

(3.1%)

-

continued

3,679

Envista

Holdings

Corporation

m

$

130,752

509

Fulcrum

Therapeutics,

Inc.

m

5,630

10,446

GlaxoSmithKline

plc

ADR

389,113

9,045

Global

Blood

Therapeutics,

Inc.

m

453,335

17,140

GoodRx

Holdings,

Inc.

g,m

799,067

26,181

Guardant

Health,

Inc.

m

4,071,145

2,053

Haemonetics

Corporation

m

234,637

35,703

Halozyme

Therapeutics,

Inc.

m

1,699,106

3,910

HCA

Healthcare,

Inc.

635,297

2,306

HealthEquity,

Inc.

m

192,666

6,518

Hill-Rom

Holdings,

Inc.

625,989

148

Humana,

Inc.

56,700

94

ICU

Medical,

Inc.

m

19,221

5,996

ImmunoGen,

Inc.

m

42,751

4,152

Immunovant,

Inc.

m

162,053

13,126

Inovio

Pharmaceuticals,

Inc.

g,m

167,356

3,281

Insmed,

Inc.

m

123,333

7,852

Inspire

Medical

Systems,

Inc.

m

1,582,257

8,055

Insulet

Corporation

m

2,152,135

1,315

Integra

LifeSciences

Holdings

Corporation

m

86,843

1,227

Intuitive

Surgical,

Inc.

m

917,354

7,436

Invitae

Corporation

m

368,231

5,287

Ionis

Pharmaceuticals,

Inc.

m

317,590

4,377

Iovance

Biotherapeutics,

Inc.

m

191,888

5,387

IQVIA

Holding,

Inc.

m

957,809

4,791

Jazz

Pharmaceuticals,

Inc.

m

745,001

25,254

Johnson

&

Johnson

4,119,685

6,433

Kura

Oncology,

Inc.

m

192,668

1,201

Laboratory

Corporation

of

America

Holdings

m

274,921

25,804

LHC

Group,

Inc.

m

5,140,673

4,417

MacroGenics,

Inc.

m

90,283

23,963

Medtronic

plc

2,667,801

17,401

Merck

&

Company,

Inc.

1,341,095

2,727

Mersana

Therapeutics,

Inc.

m

51,977

1,620

Mesa

Laboratories,

Inc.

448,967

756

Mettler-Toledo

International,

Inc.

m

883,084

479

Mirati

Therapeutics,

Inc.

m

98,353

4,241

Molina

Healthcare,

Inc.

m

905,920

3,609

Myovant

Sciences,

Ltd.

m

84,054

18,492

Natera,

Inc.

m

1,971,987

8,032

National

Healthcare

Corporation

514,450

2,061

Neogen

Corporation

m

166,673

14,828

Nevro

Corporation

m

2,399,022

601

Novo

Nordisk

AS

ADR

41,830

8,302

NuVasive,

Inc.

m

446,149

1,637

Omnicell,

Inc.

m

192,839

35,588

Optinose,

Inc.

m

141,640

2,148

Orthifix

Medical,

Inc.

m

86,801

4,188

Owens

&

Minor,

Inc.

121,787

1,844

PerkinElmer,

Inc.

271,197

15,184

PRA

Health

Sciences,

Inc.

m

1,871,276

2,579

Precigen,

Inc.

m

21,921

9,936

Pulmonx

Corporation

m

563,570

1,568

Quidel

Corporation

m

393,521

4,833

Reata

Pharmaceuticals,

Inc.

m

500,650

7,495

Repligen

Corporation

m

1,499,000

4,488

Replimune

Group,

Inc.

m

174,134

2,508

Revolution

Medicines,

Inc.

m

105,687

1,799

Sage

Therapeutics,

Inc.

m

145,089

3,867

Sarepta

Therapeutics,

Inc.

m

345,710

413

Seres

Therapeutics,

Inc.

m

9,809

16,700

Sesen

Bio,

Inc.

m

28,557

23,116

Silk

Road

Medical,

Inc.

m

1,260,515

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

160

Shares

Common

Stock

(20.9%)

Value

Health

Care

(3.1%)

-

continued

9,241

Spectrum

Pharmaceuticals,

Inc.

m

$

33,175

5,440

Stryker

Corporation

1,202,294

501

Surmodics,

Inc.

m

22,796

18,746

Syneos

Health,

Inc.

m

1,393,765

33,011

Tactile

Systems

Technology,

Inc.

m

1,800,750

250

Teladoc

Health,

Inc.

g,m

65,958

7,000

Teleflex,

Inc.

2,643,410

2,873

Tenet

Healthcare

Corporation

m

135,807

4,372

Thermo

Fisher

Scientific,

Inc.

2,228,408

11,668

Travere

Therapeutics,

Inc.

m

294,617

1,252

U.S.

Physical

Therapy,

Inc.

150,666

81

Ultragenyx

Pharmaceutical,

Inc.

m

11,226

902

United

Therapeutics

Corporation

m

147,766

5,485

UnitedHealth

Group,

Inc.

1,829,686

622

Universal

Health

Services,

Inc.

77,551

6,182

Vaxart,

Inc.

g,m

74,060

100,996

VBI

Vaccines,

Inc.

m

329,247

5,915

Veeva

Systems,

Inc.

m

1,635,143

279

Vertex

Pharmaceuticals,

Inc.

m

63,913

3,739

ViewRay,

Inc.

m

16,601

1,299

Viking

Therapeutics,

Inc.

m

9,496

640

Waters

Corporation

m

169,389

3,771

West

Pharmaceutical

Services,

Inc.

1,129,377

1,762

Zimmer

Biomet

Holdings,

Inc.

270,767

14,765

Zoetis,

Inc.

2,277,501

19,494

Zymeworks,

Inc.

m

659,287

Total

98,384,874

Industrials

(3.3%)

14,653

A.O.

Smith

Corporation

795,658

512

Acuity

Brands,

Inc.

61,563

7,098

Advanced

Drainage

Systems,

Inc.

585,443

5,667

AECOM

m

283,917

4,622

Aegion

Corporation

m

84,906

125

Alaska

Air

Group,

Inc.

6,104

7,901

Allegion

plc

845,486

54,624

Altra

Industrial

Motion

Corporation

2,808,220

31,370

American

Airlines

Group,

Inc.

g

538,623

17,964

AMETEK,

Inc.

2,034,603

115,650

Arconic,

Inc.

2,842,677

1,319

Armstrong

World

Industries,

Inc.

103,159

36,389

ASGN,

Inc.

m

3,017,012

18,575

AZZ,

Inc.

883,984

1,193

Boeing

Company

231,669

5,841

Carlisle

Companies,

Inc.

846,536

1,113

Caterpillar,

Inc.

203,501

23,822

CBIZ,

Inc.

m

617,228

23,852

Chart

Industries,

Inc.

m

2,864,864

2,220

Cintas

Corporation

706,226

103

Copart,

Inc.

m

11,304

3,503

CRA

International,

Inc.

186,395

16,577

Crane

Company

1,254,547

11,714

CSW

Industrials,

Inc.

1,364,915

4,923

CSX

Corporation

422,172

2,439

Cummins,

Inc.

571,750

24,291

Curtiss-Wright

Corporation

2,521,163

16,922

Delta

Air

Lines,

Inc.

642,359

3,282

Douglas

Dynamics,

Inc.

133,906

1,751

Dycom

Industries,

Inc.

m

142,076

6,323

Eaton

Corporation

plc

744,217

9,509

EMCOR

Group,

Inc.

839,645

9,306

Emerson

Electric

Company

738,431

4,542

Encore

Wire

Corporation

262,300

Shares

Common

Stock

(20.9%)

Value

Industrials

(3.3%)

-

continued

1,447

Expeditors

International

of

Washington,

Inc.

$

129,535

5,158

Fluor

Corporation

89,182

14,974

Forrester

Research,

Inc.

m

593,869

20,733

Forward

Air

Corporation

1,486,349

5,856

Generac

Holdings,

Inc.

m

1,443,036

11,075

General

Dynamics

Corporation

1,624,481

6,481

Gorman-Rupp

Company

204,151

4,084

Heico

Corporation

480,850

11,888

Helios

Technologies,

Inc.

648,490

8,437

Honeywell

International,

Inc.

1,648,337

10,938

Hubbell,

Inc.

1,701,953

2,421

ICF

International,

Inc.

186,732

14,565

IDEX

Corporation

2,711,857

602

Illinois

Tool

Works,

Inc.

116,914

535

Insperity,

Inc.

41,992

259

JB

Hunt

Transport

Services,

Inc.

34,877

6,671

JetBlue

Airways

Corporation

m

95,662

20,159

Johnson

Controls

International

plc

1,004,321

2,859

Kansas

City

Southern

579,434

575

Kimball

International,

Inc.

6,952

3,407

L3Harris

Technologies,

Inc.

584,335

10,872

Landstar

System,

Inc.

1,515,557

4,048

Lennox

International,

Inc.

1,115,184

33,732

Lincoln

Electric

Holdings,

Inc.

3,862,314

4,483

Linde

Public

Limited

Company

1,100,128

750

Lockheed

Martin

Corporation

241,365

15,326

Manpower,

Inc.

1,355,431

1,384

Masonite

International

Corporation

m

137,708

27,941

Mercury

Systems,

Inc.

m

1,985,487

85,375

Meritor,

Inc.

m

2,203,529

26,903

Middleby

Corporation

m

3,651,275

6,539

MSC

Industrial

Direct

Company,

Inc.

507,230

7,129

NAPCO

Security

Technologies,

Inc.

m

184,784

970

Nordson

Corporation

173,620

214

Norfolk

Southern

Corporation

50,637

3,182

Northrop

Grumman

Corporation

911,993

10,714

Nutrien,

Ltd.

526,807

8,906

Old

Dominion

Freight

Line,

Inc.

1,727,764

4,344

Otis

Worldwide

Corporation

280,840

4,320

Parker-Hannifin

Corporation

1,143,115

6,665

Quad/Graphics,

Inc.

31,192

11,688

Ranpak

Holdings

Corporation

m

202,670

27,281

Raven

Industries,

Inc.

880,358

7,981

Raytheon

Technologies

Corporation

532,572

4,899

RBC

Bearings,

Inc.

m

819,750

38,622

Regal-Beloit

Corporation

4,846,289

32,501

Ritchie

Brothers

Auctioneers,

Inc.

1,914,634

2,267

Rockwell

Automation,

Inc.

563,417

24,669

Rush

Enterprises,

Inc.

1,035,851

2,135

Ryder

System,

Inc.

133,630

6,822

Saia,

Inc.

m

1,205,788

5,760

Simpson

Manufacturing

Company,

Inc.

529,920

1,552

Snap-On,

Inc.

279,344

17,533

Southwest

Airlines

Company

770,400

2,065

Spirit

Airlines,

Inc.

g,m

53,566

1,298

SPX

FLOW,

Inc.

m

68,755

18,255

Standex

International

Corporation

1,495,267

56,198

Summit

Materials,

Inc.

m

1,153,745

410

Sunrun,

Inc.

m

28,401

1,850

Teledyne

Technologies,

Inc.

m

660,468

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

161

Shares

Common

Stock

(20.9%)

Value

Industrials

(3.3%)

-

continued

3,100

Tetra

Tech,

Inc.

$

376,867

3,173

Thermon

Group

Holdings,

Inc.

m

46,294

9,448

Timken

Company

714,836

99

Toro

Company

9,331

21,645

TransUnion

1,883,981

21,971

Trex

Company,

Inc.

m

2,016,279

21,033

TriMas

Corporation

m

665,694

1,876

UniFirst

Corporation

399,213

5,385

Union

Pacific

Corporation

1,063,376

2,220

United

Airlines

Holdings,

Inc.

m

88,778

4,520

United

Parcel

Service,

Inc.

700,600

19,893

United

Rentals,

Inc.

m

4,834,198

8,765

Valmont

Industries,

Inc.

1,690,944

2,848

Verisk

Analytics,

Inc.

522,608

2,034

Waste

Connections,

Inc.

200,369

4,558

Watsco,

Inc.

1,087,037

739

Watts

Water

Technologies,

Inc.

88,732

7,387

WESCO

International,

Inc.

m

562,225

15,535

Willdan

Group,

Inc.

m

694,259

4,370

XPO

Logistics,

Inc.

m

482,492

2,035

Xylem,

Inc.

196,561

Total

103,815,327

Information

Technology

(4.4%)

7,546

Accenture

plc

1,825,528

2,705

Adobe,

Inc.

m

1,240,973

1,591

ADTRAN,

Inc.

27,365

7,506

Advanced

Energy

Industries,

Inc.

m

769,965

20,940

Agilysys,

Inc.

m

770,383

5,862

Akamai

Technologies,

Inc.

m

650,858

15,717

Alliance

Data

Systems

Corporation

1,063,255

20,129

Amphenol

Corporation

2,513,710

1,086

Analog

Devices,

Inc.

160,000

42,273

Anaplan,

Inc.

m

2,819,609

4,119

ANSYS,

Inc.

m

1,459,650

70,566

Apple,

Inc.

9,311,889

3,959

Aspen

Technology,

Inc.

m

530,110

5,993

Atlassian

Corporation

plc

m

1,385,162

11,230

Avalara,

Inc.

m

1,684,500

194

Avnet,

Inc.

6,850

7,842

Axcelis

Technologies,

Inc.

m

268,510

16,384

Bandwidth,

Inc.

m

2,918,646

13,847

Benchmark

Electronics,

Inc.

350,744

43,121

BigCommerce

Holdings,

Inc.

g,m

3,447,093

97

Bill.com

Holdings,

Inc.

m

11,822

14,956

Blackline,

Inc.

m

1,938,597

2,350

Broadcom,

Ltd.

1,058,675

4,523

Broadridge

Financial

Solutions,

Inc.

639,145

1,320

CACI

International,

Inc.

m

318,410

18,256

CDK

Global,

Inc.

910,974

2,645

CDW

Corporation

348,241

1,038

Ceridian

HCM

Holding,

Inc.

m

96,441

38,421

Change

Healthcare,

Inc.

m

916,725

17,495

Ciena

Corporation

m

934,058

37,600

Cisco

Systems,

Inc.

1,676,208

249

Clearfield,

Inc.

m

7,799

8,311

Cognex

Corporation

682,582

10,987

Computer

Services,

Inc.

681,194

1,871

Concentrix

Corporation

m

200,047

7,314

Coupa

Software,

Inc.

m

2,266,389

3,719

Cree,

Inc.

m

375,917

4,318

CTS

Corporation

131,699

13,112

Descartes

Systems

Group,

Inc.

m

800,619

9,812

DocuSign,

Inc.

m

2,285,117

Shares

Common

Stock

(20.9%)

Value

Information

Technology

(4.4%)

-

continued

37,434

Dolby

Laboratories,

Inc.

$

3,295,315

1,977

Domo,

Inc.

m

125,322

18,584

Dropbox,

Inc.

m

420,556

3,391

DSP

Group,

Inc.

m

54,697

28,678

Elastic

NV

m

4,357,909

15,249

Endava

plc

ADR

m

1,205,586

2,833

Enphase

Energy,

Inc.

m

516,598

3,270

EPAM

Systems,

Inc.

m

1,126,286

5,334

ePlus,

Inc.

m

448,269

18,240

Euronet

Worldwide,

Inc.

m

2,279,270

15,661

Eventbrite,

Inc.

g,m

279,549

5,702

ExlService

Holdings,

Inc.

m

437,229

3,098

eXp

World

Holdings,

Inc.

m

330,216

3,925

F5

Networks,

Inc.

m

769,104

3,236

Fair

Isaac

Corporation

m

1,456,556

4,576

First

Solar,

Inc.

m

453,710

11,502

Five9,

Inc.

m

1,912,207

24

FleetCor

Technologies,

Inc.

m

5,826

14,156

FLIR

Systems,

Inc.

736,820

12,111

Global

Payments,

Inc.

2,137,834

1,709

Guidewire

Software,

Inc.

m

196,091

13,872

Health

Catalyst,

Inc.

m

689,161

4,589

II-VI,

Inc.

m

385,797

2,302

InterDigital,

Inc.

147,811

2,995

Intuit,

Inc.

1,081,884

196

IPG

Photonics

Corporation

m

43,792

6,847

Jack

Henry

&

Associates,

Inc.

991,377

5,949

Juniper

Networks,

Inc.

145,275

1,515

Kulicke

and

Soffa

Industries,

Inc.

54,040

2,714

Lam

Research

Corporation

1,313,440

23,010

Lattice

Semiconductor

Corporation

m

922,931

3,619

Littelfuse,

Inc.

880,756

27,942

Lumentum

Holdings,

Inc.

m

2,620,960

3,580

Manhattan

Associates,

Inc.

m

405,363

359

ManTech

International

Corporation

32,199

7,088

MasterCard,

Inc.

2,241,864

1,714

MAXIMUS,

Inc.

128,653

802

MaxLinear,

Inc.

m

25,175

64,319

Medallia,

Inc.

g,m

2,669,238

38,232

Microsoft

Corporation

8,868,295

1,144

MicroStrategy,

Inc.

g,m

706,203

18,352

MKS

Instruments,

Inc.

2,900,901

13,562

Monolithic

Power

Systems,

Inc.

4,818,443

2,844

Motorola

Solutions,

Inc.

476,512

17,496

National

Instruments

Corporation

724,334

239

NetApp,

Inc.

15,879

6,667

Nice,

Ltd.

ADR

m

1,741,954

5,460

Nova

Measuring

Instruments,

Ltd.

m

380,180

4,526

Novanta,

Inc.

m

565,388

48,362

Nuance

Communications,

Inc.

m

2,202,405

1,374

NVIDIA

Corporation

713,917

4,780

Okta,

Inc.

m

1,238,068

19,171

Oracle

Corporation

1,158,504

6,265

Palo

Alto

Networks,

Inc.

m

2,197,449

58

Paylocity

Holding

Corporation

m

10,873

2,655

PayPal

Holdings,

Inc.

m

622,093

6,313

Plexus

Corporation

m

485,596

1,364

Progress

Software

Corporation

54,806

8,815

Q2

Holdings,

Inc.

m

1,128,232

5,317

QAD,

Inc.

344,488

6,259

Qorvo,

Inc.

m

1,069,538

6,792

QUALCOMM,

Inc.

1,061,454

7,001

Rogers

Corporation

m

1,092,646

4,687

Sabre

Corporation

50,526

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

162

Shares

Common

Stock

(20.9%)

Value

Information

Technology

(4.4%)

-

continued

16,879

SailPoint

Technologies

Holdings,

Inc.

m

$

933,577

612

Salesforce.com,

Inc.

m

138,043

555

Samsung

Electronics

Company,

Ltd.

GDR

1,019,396

6,915

ScanSource,

Inc.

m

167,274

6,963

Semtech

Corporation

m

494,025

1,865

ServiceNow,

Inc.

m

1,012,993

739

Shift4

Payments,

Inc.

m

48,042

46

Shopify

Inc.

m

50,535

29,590

Sierra

Wireless,

Inc.

m

547,711

3,398

Silicon

Laboratories,

Inc.

m

445,716

37

Skyworks

Solutions,

Inc.

6,262

1,156

Solaredge

Technology,

Ltd.

m

333,309

645

Square,

Inc.

m

139,294

46,257

STMicroelectronics

NV

ADR

g

1,847,967

1,871

SYNNEX

Corporation

152,711

4,403

Synopsys,

Inc.

m

1,124,746

2,211

TE

Connectivity,

Ltd.

266,204

16,938

Texas

Instruments,

Inc.

2,806,457

1,357

Tyler

Technologies,

Inc.

m

573,726

2,525

VeriSign,

Inc.

m

490,027

1,707

ViaSat,

Inc.

m

74,323

5,159

Visa,

Inc.

996,977

1,776

VMware,

Inc.

m

244,822

1,089

Western

Union

Company

24,252

21,992

Workiva,

Inc.

m

2,143,560

1,391

Zendesk,

Inc.

m

200,638

2,648

Zix

Corporation

m

21,581

7,054

Zscaler,

Inc.

m

1,408,684

Total

139,151,661

Materials

(0.8%)

1,732

AdvanSix,

Inc.

m

36,926

505

Air

Products

and

Chemicals,

Inc.

134,714

7,315

AptarGroup,

Inc.

972,676

3,517

Avery

Dennison

Corporation

530,610

17,527

Axalta

Coating

Systems,

Ltd.

m

473,054

382

Balchem

Corporation

40,885

7,656

Ball

Corporation

673,881

4,409

Cabot

Corporation

193,599

19,479

Carpenter

Technology

Corporation

608,524

1,525

Celanese

Corporation

186,279

17,827

CF

Industries

Holdings,

Inc.

737,681

15,395

Chemours

Company

405,504

16,852

Cleveland-Cliffs,

Inc.

258,510

33,109

Coeur

Mining,

Inc.

m

299,636

20,723

Eastman

Chemical

Company

2,038,107

4,528

Ecolab,

Inc.

926,021

46,867

Element

Solutions,

Inc.

798,145

18,780

Ferroglobe

Representation

&

Warranty

Insurance

Trust

e,m

2

1,985

FMC

Corporation

214,956

4,034

Ingevity

Corporation

m

264,993

18,888

Innospec,

Inc.

1,658,178

92,348

Ivanhoe

Mines,

Ltd.

m

441,248

12,553

Kaiser

Aluminum

Corporation

1,088,345

3,233

LyondellBasell

Industries

NV

277,262

7,547

Martin

Marietta

Materials,

Inc.

2,169,083

5,182

Materion

Corporation

353,361

6,160

Minerals

Technologies,

Inc.

379,641

18,887

Myers

Industries,

Inc.

378,684

8,393

Neenah,

Inc.

427,372

10,404

Nucor

Corporation

506,987

4,560

O-I

Glass,

Inc.

57,638

Shares

Common

Stock

(20.9%)

Value

Materials

(0.8%)

-

continued

8,388

Olin

Corporation

$

200,557

2,335

Olympic

Steel,

Inc.

31,873

137

PPG

Industries,

Inc.

18,455

9,098

Quaker

Chemical

Corporation

2,384,859

555

Reliance

Steel

&

Aluminum

Company

64,424

2,535

RPM

International,

Inc.

209,061

10,849

Ryerson

Holding

Corporation

m

133,877

2,167

Scotts

Miracle-Gro

Company

479,795

2,234

Sealed

Air

Corporation

94,431

8,026

Sensient

Technologies

Corporation

566,074

1,326

Sherwin-Williams

Company

917,327

16,748

Steel

Dynamics,

Inc.

573,954

12,592

UFP

Technologies,

Inc.

m

579,358

6,175

United

States

Lime

&

Minerals,

Inc.

747,175

1,680

United

States

Steel

Corporation

29,837

12,530

W.

R.

Grace

&

Company

726,991

1,303

Worthington

Industries,

Inc.

68,199

Total

25,358,749

Real

Estate

(1.4%)

36,246

Agree

Realty

Corporation

2,290,747

2,085

Alexandria

Real

Estate

Equities,

Inc.

348,424

28,440

American

Campus

Communities,

Inc.

1,170,590

283

American

Tower

Corporation

64,343

5,107

Apartment

Income

REIT

Corporation

m

197,998

8,075

Armada

Hoffler

Properties,

Inc.

86,806

2,072

AvalonBay

Communities,

Inc.

339,124

383

Bluegreen

Vacations

Holding

Corporations

m

5,014

196

Bluerock

Residential

Growth

REIT,

Inc.

2,050

20,604

Camden

Property

Trust

2,104,699

22,256

CareTrust

REIT,

Inc.

499,870

34,373

CBRE

Group,

Inc.

m

2,096,066

4,442

Cedar

Realty

Trust,

Inc.

47,396

2,525

Centerspace

176,599

8,022

Colliers

International

Group,

Inc.

708,824

3,283

Colony

Credit

Real

Estate,

Inc.

25,936

7,443

Columbia

Property

Trust,

Inc.

101,225

5,215

Community

Healthcare

Trust,

Inc.

233,215

4,549

Corepoint

Lodging,

Inc.

30,979

2,392

CoStar

Group,

Inc.

m

2,152,106

59,492

Cushman

and

Wakefield

plc

m

852,520

2,398

Digital

Realty

Trust,

Inc.

345,192

14,126

Douglas

Emmett,

Inc.

391,432

10,605

Duke

Realty

Corporation

419,534

7,516

EastGroup

Properties,

Inc.

1,015,712

9,012

EPR

Properties

357,236

5,743

Equity

Lifestyle

Properties,

Inc.

349,404

51,449

Essential

Properties

Realty

Trust,

Inc.

1,071,168

878

Essex

Property

Trust,

Inc.

210,378

6,019

Farmland

Partners,

Inc.

62,056

1,981

Federal

Realty

Investment

Trust

173,456

43,370

First

Industrial

Realty

Trust,

Inc.

1,762,557

6,473

FirstService

Corporation

885,830

42,305

Four

Corners

Property

Trust,

Inc.

1,115,160

10,738

Gaming

and

Leisure

Properties,

Inc.

441,654

6,973

Getty

Realty

Corporation

185,273

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

163

Shares

Common

Stock

(20.9%)

Value

Real

Estate

(1.4%)

-

continued

3,051

Gladstone

Commercial

Corporation

$

54,033

4,758

Gladstone

Land

Corporation

74,891

6,068

Global

Medical

REIT,

Inc.

76,093

17,454

Healthcare

Realty

Trust,

Inc.

523,795

11,302

Healthcare

Trust

of

America,

Inc.

319,282

705

Highwoods

Properties,

Inc.

26,430

46,787

Host

Hotels

&

Resorts,

Inc.

633,964

3,731

Hudson

Pacific

Properties,

Inc.

87,455

10,812

Independence

Realty

Trust,

Inc.

143,583

15,159

Industrial

Logistics

Properties

Trust

321,522

5,351

Innovative

Industrial

Properties,

Inc.

1,001,279

3,699

Iron

Mountain,

Inc.

124,545

2,803

Jones

Lang

LaSalle,

Inc.

m

409,827

29,640

Kilroy

Realty

Corporation

1,678,513

1,805

Lamar

Advertising

Company

145,808

9,600

Lexington

Realty

Trust

98,400

6,060

Life

Storage,

Inc.

494,375

37,474

Medical

Properties

Trust,

Inc.

791,076

1,387

National

Health

Investors,

Inc.

89,933

21,727

National

Retail

Properties,

Inc.

847,353

63,699

National

Storage

Affiliates

Trust

2,327,561

46,738

New

Residential

Investment

Corporation

438,870

12,517

New

Senior

Investment

Group,

Inc.

66,340

10,386

NexPoint

Residential

Trust,

Inc.

409,935

6,208

Omega

Healthcare

Investors,

Inc.

224,854

4,012

One

Liberty

Properties,

Inc.

80,401

1,680

Plymouth

Industrial

REIT,

Inc.

24,595

551

PotlatchDeltic

Corporation

26,316

8,822

Preferred

Apartment

Communities,

Inc.

63,430

4,530

Public

Storage,

Inc.

1,031,119

9,227

Rayonier,

Inc.

REIT

283,730

12,096

Realty

Income

Corporation

714,390

4,564

Redfin

Corporation

m

325,002

42,432

Rexford

Industrial

Realty,

Inc.

2,076,622

774

RMR

Group,

Inc.

28,545

26,848

Sabra

Health

Care

REIT,

Inc.

450,778

3,345

SBA

Communications

Corporation

898,701

87,851

Service

Properties

Trust

932,099

5,161

SL

Green

Realty

Corporation

348,264

12,632

Spirit

Realty

Capital,

Inc.

487,090

14,575

STAG

Industrial,

Inc.

434,335

16,552

Store

Capital

Corporation

513,443

62,166

Sunstone

Hotel

Investors,

Inc.

665,176

5,397

UDR,

Inc.

207,515

5,502

UMH

Properties,

Inc.

80,879

19,143

Uniti

Group,

Inc.

235,650

228

Universal

Health

Realty

Income

Trust

13,607

1,981

WP

Carey,

Inc.

131,538

Total

43,783,515

Utilities

(0.3%)

7,919

AES

Corporation

193,144

2,278

ALLETE,

Inc.

143,149

8,441

Alliant

Energy

Corporation

410,655

4,120

American

Electric

Power

Company,

Inc.

333,349

1,255

American

States

Water

Company

96,961

41

American

Water

Works

Company,

Inc.

6,520

6,987

Artesian

Resources

Corporation

285,629

Shares

Common

Stock

(20.9%)

Value

Utilities

(0.3%)

-

continued

6,410

Black

Hills

Corporation

$

378,959

21,071

CenterPoint

Energy,

Inc.

444,387

618

Chesapeake

Utilities

Corporation

62,684

7,150

CMS

Energy

Corporation

406,692

5,939

Consolidated

Water

Company,

Ltd.

75,247

909

Dominion

Energy,

Inc.

66,257

1,685

DTE

Energy

Company

200,043

7,543

Duke

Energy

Corporation

709,042

10,000

Entergy

Corporation

953,300

1,217

Essential

Utilities,

Inc.

56,347

3,659

Evergy,

Inc.

196,598

8,093

Exelon

Corporation

336,345

6,730

FirstEnergy

Corporation

207,015

3,219

Hawaiian

Electric

Industries,

Inc.

106,420

3,223

IDACORP,

Inc.

284,591

2,752

MDU

Resources

Group,

Inc.

72,350

791

Middlesex

Water

Company

62,964

1,235

National

Fuel

Gas

Company

49,721

3,959

New

Jersey

Resources

Corporation

138,605

509

NiSource,

Inc.

11,274

1,142

Northwest

Natural

Holding

Company

53,343

5,067

NorthWestern

Corporation

275,999

4,257

NRG

Energy,

Inc.

176,282

19,486

OGE

Energy

Corporation

594,713

3,414

Otter

Tail

Corporation

135,502

1,173

Pinnacle

West

Capital

Corporation

88,268

10,488

Portland

General

Electric

Company

443,538

2,056

Southwest

Gas

Holdings,

Inc.

123,278

8,704

Spire,

Inc.

532,598

10,279

UGI

Corporation

369,941

2,544

Unitil

Corporation

103,719

4,063

WEC

Energy

Group,

Inc.

361,201

Total

9,546,630

Total

Common

Stock

(cost

$483,830,513)

657,788,264

Shares

Collateral

Held

for

Securities

Loaned

(

0.7%

)

Value

22,529,743

Thrivent

Cash

Management

Trust

22,529,743

Total

Collateral

Held

for

Securities

Loaned

(cost

$22,529,743)

22,529,743

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

164

Shares

or

Principal

Amount

Short-Term

Investments

(

12.0%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

3,400,000

0.070%,

2/9/2021

n,o

$

3,399,970

200,000

0.070%,

2/18/2021

n,o

199,996

600,000

0.070%,

2/23/2021

n,o

599,985

2,500,000

0.077%,

3/10/2021

n,o

2,499,872

4,600,000

0.080%,

3/17/2021

n,o

4,599,719

2,600,000

0.057%,

3/23/2021

n,o

2,599,819

200,000

0.090%,

3/26/2021

n,o

199,985

6,100,000

0.052%,

3/30/2021

n,o

6,099,517

3,700,000

0.085%,

4/7/2021

n,o

3,699,532

5,900,000

0.084%,

4/8/2021

n,o

5,899,243

800,000

0.080%,

4/14/2021

n,o

799,888

700,000

0.080%,

4/21/2021

n,o

699,893

3,600,000

0.040%,

5/4/2021

n,o

3,599,356

Thrivent

Core

Short-Term

Reserve

Fund

34,372,571

0.200%

343,725,709

Total

Short-Term

Investments

(cost

$378,505,431)

378,622,484

Contracts

Options

Purchased

(

<0.1%

)

Value

Put

on

10-Yr.

U.S.

Treasury

Bond

Futures

158

$136.50,

expires

2/19/2021

37,031

Put

on

30-Yr.

U.S.

Treasury

Bond

Futures

153

$168.00,

expires

2/19/2021

155,391

Total

Options

Purchased

(cost

$189,673)

192,422

Total

Investments

(cost

$2,783,044,918)

107.9%

$3,394,449,495

Other

Assets

and

Liabilities,

Net

(7.9%)

(247,205,857)

Total

Net

Assets

100.0%

$3,147,243,638

a

The

stated

interest

rate

represents

the

weighted

average

of

all

contracts

within

the

bank

loan

facility.

b

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

January

29,

2021.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

c

All

or

a

portion

of

the

loan

is

unfunded.

d

Denotes

investments

purchased

on

a

when-issued

or

delayed

delivery

basis.

e

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

f

Denotes

payment-in-kind

security.  The

security

may

pay

an

interest

or

dividend

payment

with

additional

fixed

income

or

equity

securities

in

lieu

of,

or

in

addition

to

a

cash

payment.  The

cash

rate

and/or

payment-in-kind

rate

shown

are

as

of

January

29,

2021.

g

All

or

a

portion

of

the

security

is

on

loan.

h

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

January

29,

2021,

the

value

of

these

investments

was

$134,306,010

or

4.3%

of

total

net

assets.

i

Denotes

step

coupon

securities.

Step

coupon

securities

pay

an

initial

coupon

rate

for

the

first

period

and

then

different

coupon

rates

for

following

periods.

The

rate

shown

is

as

of

January

29,

2021.

j

Denotes

interest

only

security.  Interest

only

securities

represent

the

right

to

receive

monthly

interest

payments

on

an

underlying

pool

of

mortgages

or

assets.  The

principal

shown

is

the

outstanding

par

amount

of

the

pool

as

of

the

end

of

the

period.

The

actual

effective

yield

of

the

security

is

different

than

the

stated

coupon

rate.

k

Denotes

perpetual

securities.

Perpetual

securities

pay

an

indefinite

stream

of

income

and

have

no

contractual

maturity

date.

Date

shown,

if

applicable,

is

next

call

date.

l

All

or

a

portion

of

the

security

was

earmarked

to

cover

written

options.

m

Non-income

producing

security.

n

The

interest

rate

shown

reflects

the

yield,

coupon

rate

or

the

discount

rate

at

the

date

of

purchase.

o

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Moderate

Allocation

Fund

as

of

January

29,

2021:

Securities

Lending

Transactions

Long-Term

Fixed

Income

$

1,819,421

Common

Stock

19,938,692

Total

lending

$21,758,113

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$22,529,743

Net

amounts

due

to

counterparty

$771,630

Definitions:

ACES

-

Alternative

Credit

Enhancement

Securities

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

CLO

-

Collateralized

Loan

Obligation

ETF

-

Exchange

Traded

Fund

FNMA

-

Federal

National

Mortgage

Association

GDR

-

Global

Depository

Receipts,

which

are

certificates

for

shares

of

an

underlying

foreign

security’s

shares

held

by

an

issuing

depository

bank

from

more

than

one

country.

PIK

-

Payment-In-Kind

REMIC

-

Real

Estate

Mortgage

Investment

Conduit

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

Ser.

-

Series

SPDR

-

S&P

Depository

Receipts,

which

are

exchange-traded

funds

traded

in

the

U.S.,

Europe,

and

Asia-Pacific

and

managed

by

State

Street

Global

Advisors.

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

165

Reference

Rate

Index:

LIBOR

1W

-

ICE

Libor

USD

Rate

1

Week

LIBOR

1M

-

ICE

Libor

USD

Rate

1

Month

LIBOR

2M

-

ICE

Libor

USD

Rate

2

Month

LIBOR

3M

-

ICE

Libor

USD

Rate

3

Month

PRIME

-

Federal

Reserve

Prime

Loan

Rate

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

166

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

January

29,

2021,

in

valuing

Moderate

Allocation

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Bank

Loans

Basic

Materials

2,984,358

–

2,984,358

–

Capital

Goods

4,708,181

–

4,365,631

342,550

Communications

Services

12,259,839

–

12,259,839

–

Consumer

Cyclical

7,607,018

–

7,607,018

–

Consumer

Non-Cyclical

8,816,569

–

8,745,169

71,400

Energy

1,961,920

–

1,961,920

–

Financials

4,796,505

–

4,796,505

–

Technology

3,823,072

–

3,823,072

–

Transportation

1,542,997

–

1,542,997

–

Utilities

2,545,376

–

1,650,382

894,994

Registered

Investment

Companies

Unaffiliated

33,978,296

33,978,296

–

–

Affiliated

1,125,257,603

1,125,257,603

–

–

Long-Term

Fixed

Income

Asset-Backed

Securities

40,291,706

–

40,291,706

–

Basic

Materials

10,386,301

–

10,386,301

–

Capital

Goods

16,072,474

–

16,072,474

–

Collateralized

Mortgage

Obligations

39,595,831

–

39,595,831

–

Commercial

Mortgage-Backed

Securities

5,821,721

–

5,821,721

–

Communications

Services

32,871,792

–

32,871,792

–

Consumer

Cyclical

29,553,595

–

29,553,595

–

Consumer

Non-Cyclical

41,424,073

–

41,424,073

–

Energy

26,518,883

–

26,518,883

–

Financials

69,836,356

–

69,836,356

–

Mortgage-Backed

Securities

260,833,244

–

260,833,244

–

Technology

21,899,835

–

21,899,835

–

Transportation

5,261,123

–

5,261,123

–

U.S.

Government

&

Agencies

280,126,308

–

280,126,308

–

Utilities

21,146,132

–

21,146,132

–

Common

Stock

Communications

Services

24,753,997

24,745,912

8,085

–

Consumer

Discretionary

82,030,932

82,030,932

–

–

Consumer

Staples

20,325,442

20,325,442

–

–

Energy

15,153,498

15,153,498

–

–

Financials

95,483,639

94,108,162

1,374,830

647

Health

Care

98,384,874

98,384,874

–

–

Industrials

103,815,327

103,815,327

–

–

Information

Technology

139,151,661

138,132,265

1,019,396

–

Materials

25,358,749

24,917,499

441,248

2

Real

Estate

43,783,515

43,783,515

–

–

Utilities

9,546,630

9,546,630

–

–

Short-Term

Investments

34,896,775

–

34,896,775

–

Options

Purchased

192,422

192,422

–

–

Subtotal

Investments

in

Securities

$2,804,798,569

$1,814,372,377

$989,116,599

$1,309,593

Other

Investments  *

Total

Affiliated

Short-Term

Investments

343,725,709

Affiliated

Registered

Investment

Companies

223,395,474

Collateral

Held

for

Securities

Loaned

22,529,743

Subtotal

Other

Investments

$589,650,926

Total

Investments

at

Value

$3,394,449,495

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

this

table

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

167

Reference

Description:

CBOT

-

Chicago

Board

of

Trade

CME

-

Chicago

Mercantile

Exchange

EAFE

-

Europe,

Australasia

and

Far

East

ICE

-

Intercontinental

Exchange

MSCI

-

Morgan

Stanley

Capital

International

S&P

-

Standard

&

Poor's

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

9,634,107

9,634,107

–

–

Total

Asset

Derivatives

$9,634,107

$9,634,107

$–

$–

Liability

Derivatives

Futures

Contracts

24,878,157

24,878,157

–

–

Call

Options

Written

54,141

–

–

54,141

Total

Liability

Derivatives

$24,932,298

$24,878,157

$–

$54,141

The

following

table

presents

Moderate

Allocation

Fund's

futures

contracts

held

as

of

January

29,

2021.

Investments

and/or

cash

totaling

$34,777,787

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Principal

Amount

Value

and

Unrealized

CBOT

2-Yr.

U.S.

Treasury

Note

189

March

2021

$

41,719,378

$

45,192

CBOT

5-Yr.

U.S.

Treasury

Note

189

March

2021

23,805,028

(

14,653)

CBOT

U.S.

Long

Bond

209

March

2021

36,462,679

(

1,200,461)

CME

E-mini

Russell

2000

Index

19

March

2021

1,934,690

30,101

CME

E-mini

S&P

500

Index

1,559

March

2021

285,148,853

3,671,487

CME

E-mini

S&P

Mid-Cap

400

Index

6

March

2021

1,378,404

23,016

ICE

mini

MSCI

EAFE

Index

513

March

2021

54,240,950

21,625

ICE

US

mini

MSCI

Emerging

Markets

Index

1,352

March

2021

84,748,167

4,896,193

Total

Futures

Long

Contracts

$

529,438,149

$

7,472,500

CBOT

10-Yr.

U.S.

Treasury

Note

(115)

March

2021

(

$

15,846,271)

$

87,677

CME

E-mini

Russell

2000

Index

(1,909)

March

2021

(

182,175,794)

(

15,233,896)

CME

E-mini

S&P

Mid-Cap

400

Index

(856)

March

2021

(

191,506,773)

(

8,429,147)

CME

Ultra

Long

Term

U.S.

Treasury

Bond

(87)

March

2021

(

18,628,439)

817,908

Ultra

10-Yr.

U.S.

Treasury

Note

(13)

March

2021

(

2,040,674)

40,908

Total

Futures

Short

Contracts

(

$

410,197,951)

($22,716,550)

Total

Futures

Contracts

$

119,240,198

($15,244,050)

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

168

Counterparty:

CCM

-

CCM

Futures,

LLC

JPM

-

J.P.

Morgan

MSC

-

Morgan

Stanley

&

Company

The

following

table

presents

Moderate

Allocation

Fund's

options

contracts

held

as

of

January

29,

2021.

Option

_

Description                              

(Underlying

Security

Description)

Counter-

party

Number

of

Contracts

Exercise

Price

Expiration

Date

Notional

Principal

Amount

Value

Unrealized

Appreciation/

(Depreciation)

Put

on

10-Yr.

U.S.

Treasury

Bond

Futures

MSC

158.00

$

136.50

February

2021

21,650,937

$

37,031

(

$

37,430)

Put

on

30-Yr.

U.S.

Treasury

Bond

Futures

CCM

153.00

168.00

February

2021

25,813,969

155,391

40,179

Total

Options

Purchased

Contracts

$192,422

$2,749

FNMA

Conventional

30-Yr.

Pass

Through

Call

Option

(*)

MSC

(5.63)

$

103.25

February

2021

(5,808,692)

(

$

8,273)

$

18,534

(Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through)

FNMA

Conventional

30-Yr.

Pass

Through

Call

Option

(*)

MSC

(11.25)

103.09

March

2021

(11,597,168)

(

39,118)

10,980

(Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through)

FNMA

Conventional

30-Yr.

Pass

Through

Call

Option

(*)

JPM

(5.63)

103.23

February

2021

(5,808,691)

(

6,750)

8,411

(Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through)

Total

Options

Written

Contracts

($54,141)

$37,925

(*)  Security

is

valued

using

significant

unobservable

inputs.

Market

quotations

or

prices

were

not

readily

available

or

were

determined

to

be

unreliable.

Value

was

determined

in

good

faith

pursuant

to

procedures

adopted

by

the

Board.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

Moderate

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

169

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Moderate

Allocation

Fund,

is

as

follows:

Fund

Value

10/31/2020

Gross

Purchases

Gross

Sales

Value

1/29/2021

Shares

Held

at

1/29/2021

%

of

Net

Assets

1/29/2021

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

$70,119

$1,715

$–

$74,536

7,315

2.4%

Core

Emerging

Markets

Equity

17,499

1,864

–

22,705

1,860

0.7

Core

International

Equity

34,901

457

31,000

10,192

1,053

0.3

Core

Low

Volatility

Equity

107,389

2,418

–

115,963

9,443

3.7

Global

Stock,

Class

S

54,826

2,074

–

64,151

2,347

2.1

High

Yield,

Class

S

39,482

479

–

41,633

8,896

1.3

Income,

Class

S

133,515

4,538

–

137,758

13,831

4.4

International

Allocation,

Class

S

121,167

2,255

–

141,849

13,395

4.5

Large

Cap

Growth,

Class

S

235,799

17,143

–

267,835

15,482

8.5

Large

Cap

Value,

Class

S

183,806

13,862

–

220,646

9,523

7.0

Limited

Maturity

Bond,

Class

S

68,880

281

–

69,651

5,463

2.2

Mid

Cap

Stock,

Class

S

119,195

4,571

–

143,317

4,392

4.6

Small

Cap

Stock,

Class

S

29,595

598

–

38,417

1,306

1.2

Total

Affiliated

Registered

Investment

Companies

1,216,173

1,348,653

42.9

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

280,128

168,967

105,369

343,726

34,373

10.9

Total

Affiliated

Short-Term

Investments

280,128

343,726

10.9

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

16,699

99,060

93,229

22,530

22,530

0.7

Total

Collateral

Held

for

Securities

Loaned

16,699

22,530

0.7

Total

Value

$1,513,000

$1,714,909

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2020

-

1/29/2021

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

$–

$2,702

$–

$803

Core

Emerging

Markets

Equity

–

3,342

–

163

Core

International

Equity

649

5,185

–

457

Core

Low

Volatility

Equity

Fund

–

6,156

317

2,101

Global

Stock,

Class

S

–

7,251

1,442

631

High

Yield,

Class

S

–

1,672

–

478

Income,

Class

S

–

(295)

3,582

956

International

Allocation,

Class

S

–

18,427

–

2,255

Large

Cap

Growth,

Class

S

–

14,893

17,144

–

Large

Cap

Value,

Class

S

–

22,978

10,512

3,351

Limited

Maturity

Bond,

Class

S

–

490

–

281

Mid

Cap

Stock,

Class

S

–

19,551

4,191

380

Small

Cap

Stock,

Class

S

–

8,224

363

235

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

(25)

25

–

180

Total

Income/Non

Income

Cash

from

Affiliated

Investments

$12,271

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

–

1

18

Total

Affiliated

Income

from

Securities

Loaned,

Net

$18

Total

$624

$110,601

$37,552

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

170

Principal

Amount

Bank

Loans

(

0.9%

)

a

Value

Basic

Materials

(0.1%)

Avantor

Funding,

Inc.,

Term

Loan

$

185,000

3.500%, 

(LIBOR

1M

+

2.500%),

11/6/2027

b

$

185,540

Chemours

Company,

Term

Loan

172,588

1.880%, 

(LIBOR

1M

+

1.750%),

4/3/2025

b

171,121

Hexion,

Inc.,

Term

Loan

148,866

3.740%, 

(LIBOR

3M

+

3.500%),

7/1/2026

b

148,990

INEOS

US

Petrochem,

LLC,

Term

Loan

240,000

0.000%, 

(LIBOR

1M

+

2.750%),

1/21/2026

b,c,d

240,701

Innophos

Holdings,

Inc.,

Term

Loan

148,875

3.621%, 

(LIBOR

1M

+

3.500%),

2/7/2027

b

148,751

Momentive

Performance

Materials

USA,

LLC,

Term

Loan

147,750

3.380%, 

(LIBOR

1M

+

3.250%),

5/15/2024

b

146,273

Nouryon

USA,

LLC,

Term

Loan

366,986

3.129%, 

(LIBOR

1M

+

3.000%),

10/1/2025

b

365,151

Pixelle

Specialty

Solutions,

LLC,

Term

Loan

255,940

7.500%, 

(LIBOR

1M

+

6.500%),

10/31/2024

b

256,004

PQ

Corporation,

Term

Loan

127,501

4.000%, 

(LIBOR

3M

+

3.000%),

2/7/2027

b

127,565

Total

1,790,096

Capital

Goods

(0.1%)

Asplundh

Tree

Expert,

LLC,

Term

Loan

94,763

2.621%, 

(LIBOR

1M

+

2.500%),

9/4/2027

b

94,960

Flex

Acquisition

Company,

Inc.

Term

Loan

313,792

3.238%, 

(LIBOR

3M

+

3.000%),

6/29/2025

b

311,558

Gemini

HDPE,

LLC,

Term

Loan

220,000

3.500%, 

(LIBOR

3M

+

3.000%),

12/28/2027

b,c,d

218,443

GFL

Environmental,

Inc.,

Term

Loan

220,000

3.500%, 

(LIBOR

3M

+

3.000%),

5/31/2025

b

220,733

Graham

Packaging

Company,

Inc.,

Term

Loan

142,051

4.500%, 

(LIBOR

1M

+

3.750%),

8/4/2027

b

142,386

Mauser

Packaging

Solutions

Holding

Company,

Term

Loan

222,123

3.381%, 

(LIBOR

1M

+

3.250%),

4/3/2024

b

217,727

MI

Windows

and

Doors,

Inc.,

Term

Loan

200,000

4.500%, 

(LIBOR

1M

+

3.750%),

12/15/2027

b,e

201,500

Navistar,

Inc.,

Term

Loan

111,550

3.630%, 

(LIBOR

1M

+

3.500%),

11/6/2024

b

111,299

Principal

Amount

Bank

Loans

(0.9%)

a

Value

Capital

Goods

(0.1%)

-

continued

Pactiv

Evergreen

Group

Holdings,

Inc.,

Term

Loan

$

49,152

2.871%, 

(LIBOR

1M

+

2.750%),

2/5/2023

b

$

49,121

200,000

3.371%, 

(LIBOR

1M

+

3.250%),

2/16/2026

b

200,100

TransDigm,

Inc.,

Term

Loan

514,800

2.371%, 

(LIBOR

1M

+

2.250%),

12/9/2025

b

505,523

Vertiv

Group

Corporation,

Term

Loan

491,287

3.144%, 

(LIBOR

1M

+

3.000%),

3/2/2027

b

491,582

Total

2,764,932

Communications

Services

(0.2%)

Altice

France

SA,

Term

Loan

168,438

2.871%, 

(LIBOR

1M

+

2.750%),

7/31/2025

b

166,192

Cablevision

Lightpath,

LLC,

Term

Loan

219,450

3.750%, 

(LIBOR

1M

+

3.250%),

12/1/2027

b

219,999

CCI

Buyer,

Inc.,

Term

Loan

60,000

4.750%, 

(LIBOR

2M

+

4.000%),

12/12/2027

b

60,360

CommScope,

Inc.,

Term

Loan

277,694

3.371%, 

(LIBOR

1M

+

3.250%),

4/4/2026

b

276,783

Coral-US

Co-Borrower,

LLC,

Term

Loan

610,000

2.371%, 

(LIBOR

1M

+

2.250%),

1/31/2028

b

606,572

CSC

Holdings,

LLC,

Term

Loan

72,187

2.377%, 

(LIBOR

1M

+

2.250%),

7/17/2025

b

71,601

Diamond

Sports

Group,

LLC,

Term

Loan

435,666

3.380%, 

(LIBOR

1M

+

3.250%),

8/24/2026

b

369,955

E.W.

Scripps

Company,

Term

Loan

205,000

3.750%, 

(LIBOR

1M

+

3.000%),

12/15/2027

b,c,d

204,846

Eagle

Broadband

Investments,

LLC,

Term

Loan

370,000

3.750%, 

(LIBOR

3M

+

3.000%),

11/12/2027

b

371,465

Entercom

Media

Corporation,

Term

Loan

220,701

2.623%, 

(LIBOR

1M

+

2.500%),

11/17/2024

b

217,207

GCI,

LLC,

Term

Loan

349,125

3.500%, 

(LIBOR

1M

+

2.750%),

10/15/2025

b,c,d

348,689

Gray

Television,

Inc.,

Term

Loan

135,000

2.394%, 

(LIBOR

1M

+

2.250%),

2/7/2024

b

134,241

HCP

Acquisition,

LLC,

Term

Loan

349,777

4.000%, 

(LIBOR

1M

+

3.000%),

5/16/2024

b

350,277

iHeartCommunications,

Inc.,

Term

Loan

168,722

3.121%, 

(LIBOR

1M

+

3.000%),

5/1/2026

b

166,486

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

171

Principal

Amount

Bank

Loans

(0.9%)

a

Value

Communications

Services

(0.2%)

-

continued

Lumen

Technologies,

Inc.,

Term

Loan

$

518,606

2.371%, 

(LIBOR

1M

+

2.250%),

3/15/2027

b

$

516,402

Meredith

Corporation,

Term

Loan

194,511

5.250%, 

(LIBOR

3M

+

4.250%),

1/31/2025

b

197,551

NEP

Group,

Inc.,

Term

Loan

200,900

3.371%, 

(LIBOR

1M

+

3.250%),

10/20/2025

b

191,301

30,000

7.121%, 

(LIBOR

1M

+

7.000%),

10/19/2026

b

26,790

Nexstar

Broadcasting,

Inc.,

Term

Loan

327,810

2.894%, 

(LIBOR

1M

+

2.750%),

9/19/2026

b

327,764

Nielsen

Finance,

LLC,

Term

Loan

119,100

4.750%, 

(LIBOR

1M

+

3.750%),

6/4/2025

b

119,771

Radiate

Holdco,

LLC,

Term

Loan

525,000

4.250%, 

(LIBOR

1M

+

3.500%),

9/25/2026

b

524,564

SBA

Senior

Finance

II,

LLC,

Term

Loan

222,189

1.880%, 

(LIBOR

1M

+

1.750%),

4/11/2025

b

221,130

Terrier

Media

Buyer,

Inc.,

Term

Loan

295,000

0.000%, 

(LIBOR

1M

+

3.500%),

12/17/2026

b,c,d

294,558

188,100

4.371%, 

(LIBOR

1M

+

4.250%),

12/17/2026

b

187,959

84,575

4.371%, 

(LIBOR

1M

+

4.250%),

12/17/2026

b

84,575

TNS,

Inc.,

Term

Loan

329,773

4.130%, 

(LIBOR

1M

+

4.000%),

8/14/2022

b

329,981

Virgin

Media

Bristol,

LLC,

Term

Loan

355,000

0.000%, 

(LIBOR

1M

+

3.250%),

1/31/2029

b,c,d

355,050

WideOpenWest

Finance,

LLC,

Term

Loan

272,407

4.250%, 

(LIBOR

1M

+

3.250%),

8/19/2023

b

271,557

Xplornet

Communications,

Inc.,

Term

Loan

228,950

4.871%, 

(LIBOR

1M

+

4.750%),

6/10/2027

b

230,749

Ziggo

Financing

Partnership,

Term

Loan

325,000

2.627%, 

(LIBOR

1M

+

2.500%),

4/30/2028

b

322,832

Total

7,767,207

Consumer

Cyclical

(0.1%)

1011778

B.C.,

LLC,

Term

Loan

363,166

1.871%, 

(LIBOR

1M

+

1.750%),

11/19/2026

b

360,366

Boyd

Gaming

Corporation,

Term

Loan

30,021

2.342%, 

(LIBOR

1W

+

2.250%),

9/15/2023

b

29,911

Principal

Amount

Bank

Loans

(0.9%)

a

Value

Consumer

Cyclical

(0.1%)

-

continued

Caesars

Resort

Collection,

LLC,

Term

Loan

$

294,262

4.621%, 

(LIBOR

1M

+

4.500%),

7/20/2025

b

$

293,895

Carnival

Corporation,

Term

Loan

149,624

8.500%, 

(LIBOR

1M

+

7.500%),

6/30/2025

b

153,833

Cengage

Learning,

Inc.,

Term

Loan

140,997

5.250%, 

(LIBOR

3M

+

4.250%),

6/7/2023

b

135,340

CP

Atlas

Buyer,

Inc.,

Term

Loan

115,000

0.000%, 

(LIBOR

1M

+

3.750%),

12/27/2027

b,c,d

115,000

Four

Seasons

Hotels,

Ltd.,

Term

Loan

198,788

2.121%, 

(LIBOR

1M

+

2.000%),

11/30/2023

b

197,943

Golden

Entertainment,

Inc.,

Term

Loan

441,175

3.750%, 

(LIBOR

1M

+

3.000%),

10/20/2024

b

436,949

Golden

Nugget,

LLC,

Term

Loan

216,019

3.365%, 

(LIBOR

2M

+

2.500%),

10/4/2023

b

211,362

Harbor

Freight

Tools

USA,

Inc.,

Term

Loan

284,288

4.000%, 

(LIBOR

1M

+

3.250%),

10/19/2027

b

284,430

LCPR

Loan

Financing,

LLC,

Term

Loan

485,000

5.127%, 

(LIBOR

1M

+

5.000%),

10/15/2026

b

488,788

Michaels

Stores,

Inc.,

Term

Loan

213,925

4.250%, 

(LIBOR

1M

+

3.500%),

10/1/2027

b

213,390

Penn

National

Gaming,

Inc.,

Term

Loan

144,889

3.000%, 

(LIBOR

1M

+

2.250%),

10/15/2025

b

144,165

PetSmart,

Inc.,

Term

Loan

100,000

0.000%, 

(LIBOR

1M

+

3.750%),

1/29/2028

b,c,d

99,875

Scientific

Games

International,

Inc.,

Term

Loan

778,220

2.871%, 

(LIBOR

1M

+

2.750%),

8/14/2024

b

764,119

Staples,

Inc.,

Term

Loan

86,461

4.714%, 

(LIBOR

3M

+

4.500%),

9/12/2024

b

85,121

130,405

5.214%, 

(LIBOR

3M

+

5.000%),

4/12/2026

b

127,471

Stars

Group

Holdings

BV,

Term

Loan

84,321

3.754%, 

(LIBOR

3M

+

3.500%),

7/10/2025

b

84,507

Tenneco,

Inc.,

Term

Loan

219,440

3.121%, 

(LIBOR

1M

+

3.000%),

10/1/2025

b

216,642

Truck

Hero,

Inc.,

Term

Loan

55,000

0.000%, 

(LIBOR

1M

+

3.750%),

1/20/2028

b,c,d

55,027

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

172

Principal

Amount

Bank

Loans

(0.9%)

a

Value

Consumer

Cyclical

(0.1%)

-

continued

Wyndham

Hotels

&

Resorts,

Inc.,

Term

Loan

$

136,850

1.871%, 

(LIBOR

1M

+

1.750%),

5/30/2025

b

$

135,900

Total

4,634,034

Consumer

Non-Cyclical

(0.2%)

Adient

US,

LLC,

Term

Loan

179,544

4.394%, 

(LIBOR

1M

+

4.250%),

5/6/2024

b

179,544

Bausch

Health

Americas,

Inc.,

Term

Loan

431,193

3.121%, 

(LIBOR

1M

+

3.000%),

6/1/2025

b

431,262

Bellring

Brands,

LLC,

Term

Loan

82,833

6.000%, 

(LIBOR

1M

+

5.000%),

10/21/2024

b

83,495

Change

Healthcare

Holdings,

LLC,

Term

Loan

167,475

3.500%, 

(LIBOR

1M

+

2.500%),

3/1/2024

b

167,475

Chobani,

LLC,

Term

Loan

114,712

4.500%, 

(LIBOR

1M

+

3.500%),

10/23/2027

b

115,072

CNT

Holdings

I

Corporation,

Term

Loan

150,000

4.500%, 

(LIBOR

3M

+

3.750%),

11/8/2027

b

150,643

50,000

7.500%, 

(LIBOR

3M

+

6.750%),

11/6/2028

b,e

51,000

Dole

Food

Company,

Inc.,

Term

Loan

289,822

3.750%, 

(LIBOR

1M

+

2.750%),

4/6/2024

b

289,616

Endo

International

plc,

Term

Loan

243,377

5.000%, 

(LIBOR

3M

+

4.250%),

4/27/2024

b

241,247

Froneri

U.S.,

Inc.,

Term

Loan

104,475

2.371%, 

(LIBOR

1M

+

2.250%),

1/31/2027

b

103,881

Global

Medical

Response,

Inc.,

Term

Loan

97,000

5.250%, 

(LIBOR

3M

+

4.250%),

3/14/2025

b

96,733

650,000

5.750%, 

(LIBOR

3M

+

4.750%),

10/2/2025

b

650,162

Grifols

Worldwide

Operations

USA,

Inc.,

Term

Loan

209,471

2.092%, 

(LIBOR

1W

+

2.000%),

11/15/2027

b

208,947

IQVIA,

Inc.,

Term

Loan

79,385

1.871%, 

(LIBOR

1M

+

1.750%),

1/1/2025

b

79,266

JBS

USA

LUX

SA,

Term

Loan

380,558

2.121%, 

(LIBOR

1M

+

2.000%),

5/1/2026

b

379,767

MPH

Acquisition

Holdings,

LLC,

Term

Loan

535,579

3.750%, 

(LIBOR

3M

+

2.750%),

6/7/2023

b

534,610

Ortho-Clinical

Diagnostics

SA,

Term

Loan

581,443

3.394%, 

(PRIME

+

2.250%),

6/30/2025

b

579,699

Principal

Amount

Bank

Loans

(0.9%)

a

Value

Consumer

Non-Cyclical

(0.2%)

-

continued

PPD,

Inc.,

Term

Loan

$

180,000

2.750%, 

(LIBOR

1M

+

2.250%),

1/6/2028

b

$

180,675

Precision

Medicine

Group,

LLC,

Term

Loan

35,000

0.000%, 

(LIBOR

1M

+

3.750%),

11/20/2027

b,c,d

35,110

245,000

4.500%, 

(LIBOR

3M

+

3.750%),

11/20/2027

b

245,767

Sotera

Health

Holdings,

LLC,

Term

Loan

143,000

0.000%, 

(LIBOR

1M

+

2.750%),

12/13/2026

b,c,d

142,582

US

Foods,

Inc.,

Term

Loan

119,065

1.871%, 

(LIBOR

1M

+

1.750%),

6/27/2023

b

117,847

Total

5,064,400

Energy

(<0.1%)

Buckeye

Partners,

LP,

Term

Loan

235,000

0.000%, 

(LIBOR

1M

+

2.250%),

11/1/2026

b,c,d

234,868

233,661

2.897%, 

(PRIME

+

1.750%),

11/1/2026

b

233,530

Calpine

Corporation,

Term

Loan

285,000

2.630%, 

(LIBOR

1M

+

2.500%),

12/16/2027

b

285,120

Energizer

Holdings,

Inc.,

Term

Loan

135,000

2.750%, 

(LIBOR

1M

+

2.250%),

12/16/2027

b

134,916

Lealand

Finance

Company

BV,

Term

Loan

55,877

0.000%,PIK

3.000%,

(LIBOR

1M

+

4.000%),

6/30/2025

b,f

36,134

Lummus

Technology

Holdings

V,

LLC,

Term

Loan

249,375

4.121%, 

(LIBOR

1M

+

4.000%),

6/30/2027

b

249,844

Total

1,174,412

Financials

(0.1%)

Asurion,

LLC,

Term

Loan

305,000

3.371%, 

(LIBOR

1M

+

3.250%),

12/18/2026

b,c,d

303,222

110,000

0.000%, 

(LIBOR

1M

+

3.250%),

8/3/2027

b,c,d

109,313

195,000

0.000%, 

(LIBOR

1M

+

5.250%),

2/3/2028

b,c,d

196,462

BPR

Nimbus,

LLC,

Term

Loan

186,858

2.621%, 

(LIBOR

1M

+

2.500%),

8/24/2025

b

180,940

Delos

Finance

SARL,

Term

Loan

150,000

2.004%, 

(LIBOR

3M

+

1.750%),

10/6/2023

b

149,667

INEOS

US

Finance,

LLC,

Term

Loan

119,079

2.121%, 

(LIBOR

1M

+

2.000%),

3/31/2024

b

118,308

Level

3

Financing,

Inc.,

Term

Loan

325,000

1.871%, 

(LIBOR

1M

+

1.750%),

3/1/2027

b

322,767

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

173

Principal

Amount

Bank

Loans

(0.9%)

a

Value

Financials

(0.1%)

-

continued

MoneyGram

International,

Inc.,

Term

Loan

$

171,793

7.000%, 

(LIBOR

3M

+

6.000%),

6/30/2023

b

$

171,291

Newco

Financing

Partnership,

Term

Loan

242,500

3.627%, 

(LIBOR

3M

+

3.500%),

1/31/2029

b,c,d

242,439

Northriver

Midstream

Finance,

LP,

Term

Loan

261,654

3.488%, 

(LIBOR

3M

+

3.250%),

10/1/2025

b

260,673

TricorBraun

Holdings,

Inc.,

Delayed

Draw

51,415

0.000%, 

(LIBOR

1M

+

3.250%),

1/29/2028

b,c,d

51,287

TricorBraun

Holdings,

Inc.,

Term

Loan

228,585

0.000%, 

(LIBOR

1M

+

3.250%),

1/29/2028

b,c,d

228,013

Tronox

Finance,

LLC,

Term

Loan

125,986

3.183%, 

(LIBOR

3M

+

3.000%),

9/22/2024

b

125,874

UPC

Financing

Partnership,

Term

Loan

242,500

3.627%, 

(LIBOR

3M

+

3.500%),

1/31/2029

b,c,d

242,439

Total

2,702,695

Technology

(0.1%)

Clear

Channel

Outdoor

Holdings,

Inc.,

Term

Loan

251,035

3.711%, 

(LIBOR

2M

+

3.500%),

8/21/2026

b

244,524

Prime

Security

Services

Borrower,

LLC,

Term

Loan

665,000

0.000%, 

(LIBOR

1M

+

2.750%),

9/23/2026

b,c,d

664,408

Rackspace

Technology

Global,

Inc.,

Term

Loan

640,976

4.000%, 

(LIBOR

1M

+

3.000%),

11/3/2023

b

640,617

SS&C

Technologies,

Inc.,

Term

Loan

231,534

1.871%, 

(LIBOR

1M

+

1.750%),

4/16/2025

b

230,059

178,963

1.871%, 

(LIBOR

1M

+

1.750%),

4/16/2025

b

177,822

Zayo

Group

Holdings,

Inc.,

Term

Loan

418,671

3.121%, 

(LIBOR

1M

+

3.000%),

3/9/2027

b

415,828

Total

2,373,258

Transportation

(<0.1%)

Delta

Air

Lines,

Inc.,

Term

Loan

99,500

5.750%, 

(LIBOR

1M

+

4.750%),

4/29/2023

b

101,042

Genesee

&

Wyoming,

Inc.,

Term

Loan

292,787

2.254%, 

(LIBOR

3M

+

2.000%),

12/30/2026

b

292,421

Principal

Amount

Bank

Loans

(0.9%)

a

Value

Transportation

(<0.1%)

-

continued

Mileage

Plus

Holdings,

LLC,

Term

Loan

$

165,000

6.250%, 

(LIBOR

3M

+

5.250%),

6/20/2027

b

$

175,755

SkyMiles

IP,

Ltd.,

Term

Loan

195,000

4.750%, 

(LIBOR

3M

+

3.750%),

10/20/2027

b

203,970

United

Airlines,

Inc.,

Term

Loan

217,738

1.895%, 

(LIBOR

1M

+

1.750%),

4/1/2024

b

213,248

Total

986,436

Utilities

(<0.1%)

Advanced

Drainage

Systems,

Inc.,

Term

Loan

51,189

2.438%, 

(LIBOR

1M

+

2.250%),

9/24/2026

b

51,125

Core

and

Main,

LP,

Term

Loan

306,558

3.750%, 

(LIBOR

3M

+

2.750%),

8/1/2024

b

305,638

Exgen

Renewables

IV,

LLC,

Term

Loan

295,000

3.750%, 

(LIBOR

3M

+

2.750%),

12/11/2027

b,c,d

296,623

Pacific

Gas

and

Electric

Company,

Term

Loan

368,150

6.750%, 

(PRIME

+

3.500%),

6/23/2025

b

371,095

PG&E

Corporation,

Term

Loan

395,000

0.000%, 

(LIBOR

1M

+

3.000%),

6/23/2025

b,c,d,e

399,444

Total

1,423,925

Total

Bank

Loans

(cost

$30,508,880)

30,681,395

Shares

Registered

Investment

Companies

(

51.5%

)

Value

Unaffiliated  (1.0%)

11,774

Health

Care

Select

Sector

SPDR

Fund

1,354,363

334,400

Invesco

Senior

Loan

ETF

7,430,368

18,400

iShares

iBoxx

$

Investment

Grade

Corporate

Bond

ETF

2,495,040

3,824

iShares

Russell

2000

Index

Fund

g

786,061

7,503

ProShares

Ultra

S&P

500

g

669,643

49,450

SPDR

S&P

500

ETF

Trust

18,299,962

6,405

SPDR

S&P

Biotech

ETF

g

979,196

8,025

SPDR

S&P

Oil

&

Gas

Exploration

ETF

g

516,168

24,023

SPDR

S&P

Regional

Banking

ETF

1,306,131

Total

33,836,932

Affiliated  (50.5%)

4,479,590

Thrivent

Core

Emerging

Markets

Debt

Fund

45,647,023

2,853,163

Thrivent

Core

Emerging

Markets

Equity

Fund

34,837,116

7,024,586

Thrivent

Core

International

Equity

Fund

67,997,992

13,605,380

Thrivent

Core

Low

Volatility

Equity

Fund

167,074,067

6,001,344

Thrivent

Global

Stock

Fund,

Class

S

164,016,732

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

174

Shares

Registered

Investment

Companies

(51.5%)

Value

Affiliated  (50.5%)-

continued

5,084,829

Thrivent

High

Yield

Fund,

Class

S

$

23,797,001

7,652,065

Thrivent

Income

Fund,

Class

S

76,214,563

24,984,253

Thrivent

International

Allocation

Fund,

Class

S

264,583,237

19,667,762

Thrivent

Large

Cap

Growth

Fund,

Class

S

340,252,279

11,185,619

Thrivent

Large

Cap

Value

Fund,

Class

S

259,170,788

3,043,495

Thrivent

Limited

Maturity

Bond

Fund,

Class

S

38,804,563

6,741,127

Thrivent

Mid

Cap

Stock

Fund,

Class

S

219,962,983

2,011,393

Thrivent

Small

Cap

Stock

Fund,

Class

S

59,175,180

Total

1,761,533,524

Total

Registered

Investment

Companies

(cost

$1,313,344,382)

1,795,370,456

Shares

Common

Stock

(

27.1%

)

Value

Communications

Services

(0.8%)

1,975

Activision

Blizzard,

Inc.

179,725

1,725

Alphabet,

Inc.,

Class

A

h

3,152,196

880

Alphabet,

Inc.,

Class

C

h

1,615,451

15,602

ANGI

Homeservices,

Inc.

h

218,116

14,452

AT&T,

Inc.

413,761

1,464

Charter

Communications,

Inc.

h

889,468

12,516

Cinemark

Holdings,

Inc.

253,324

213

Cogent

Communications

Holdings

12,130

9,124

Comcast

Corporation

452,277

4,018

Consolidated

Communications

Holdings,

Inc.

h

24,530

3,720

Discovery,

Inc.,

Class

A

g,h

154,082

27,496

DISH

Network

Corporation

h

797,934

5,260

EchoStar

Corporation

h

110,144

7,141

Facebook,

Inc.

h

1,844,734

2,640

Hemisphere

Media

Group,

Inc.

h

27,562

17,828

Interpublic

Group

of

Companies,

Inc.

429,120

34,520

Live

Nation

Entertainment,

Inc.

h

2,293,854

18,856

Match

Group,

Inc.

h

2,637,200

4,613

Meredith

Corporation

101,163

6,153

News Corporation

116,169

3,100

Omnicom

Group,

Inc.

193,378

59,124

ORBCOMM,

Inc.

h

442,839

126,195

QuinStreet,

Inc.

h

2,671,548

9,514

RingCentral,

Inc.

h

3,547,961

3,822

Scholastic

Corporation

98,493

7,766

Take-Two

Interactive

Software,

Inc.

h

1,556,695

5,170

Twitter,

Inc.

h

261,240

5,613

Uber

Technologies,

Inc.

h

285,870

6,917

Verizon

Communications,

Inc.

378,706

9,934

Walt

Disney

Company

h

1,670,601

379

Windstream

Services,

LLC,

Warrants

(Expires

12/31/2049)

h

4,958

10,520

Zillow

Group,

Inc.

h

1,459,334

Total

28,294,563

Consumer

Discretionary

(3.4%)

2,419

Aaron's

Company,

Inc.

h

40,978

8,049

Adient

plc

h

259,902

2,194

Amazon.com,

Inc.

h

7,034,403

8,979

American

Eagle

Outfitters,

Inc.

g

203,734

Shares

Common

Stock

(27.1%)

Value

Consumer

Discretionary

(3.4%)

-

continued

299

American

Public

Education,

Inc.

h

$

8,605

30,775

Aptiv

plc

4,111,540

5,619

At

Home

Group,

Inc.

h

136,935

3,804

AutoNation,

Inc.

h

271,149

319

AutoZone,

Inc.

h

356,760

888

Bally's

Corporation

46,602

469

Beazer

Homes

USA,

Inc.

h

7,795

4,577

Bed

Bath

&

Beyond,

Inc.

g

161,705

6,138

BJ's

Restaurants,

Inc.

h

286,890

462

Booking

Holdings,

Inc.

h

898,280

24,252

Bright

Horizons

Family

Solutions,

Inc.

h

3,685,576

2,764

Brinker

International,

Inc.

162,744

1,677

Brunswick

Corporation

144,993

9,829

Burlington

Stores,

Inc.

h

2,446,438

6,127

Caesars

Entertainment,

Inc.

h

431,280

1,495

Camping

World

Holdings,

Inc.

51,069

8,035

Carnival

Corporation

150,013

289

Carvana

Company

h

75,484

174

Cavco

Industries,

Inc.

h

32,827

42,276

Cedar

Fair,

LP

1,695,268

3,211

Century

Casinos,

Inc.

h

22,316

2,352

Century

Communities,

Inc.

h

110,403

13,498

Chegg,

Inc.

h

1,285,819

22,065

Chewy,

Inc.

g,h

2,246,658

74,666

Chico's

FAS,

Inc.

165,012

1,439

Children's

Place,

Inc.

g,h

105,723

1,867

Chipotle

Mexican

Grill,

Inc.

h

2,763,160

13,117

Choice

Hotels

International,

Inc.

1,320,095

851

Churchill

Downs,

Inc.

159,520

118,076

Cooper-Standard

Holdings,

Inc.

h

3,602,499

3,799

Cracker

Barrel

Old

Country

Store,

Inc.

514,043

23,051

Crocs,

Inc.

h

1,614,031

12,664

Culp,

Inc.

195,406

1,532

D.R.

Horton,

Inc.

117,658

6,188

Dana,

Inc.

119,800

4,453

Darden

Restaurants,

Inc.

520,511

1,833

Deckers

Outdoor

Corporation

h

535,199

5,008

Denny's

Corporation

h

78,776

11,785

Designer

Brands,

Inc.

144,366

7,909

Dick's

Sporting

Goods,

Inc.

529,982

2,884

Dine

Brands

Global,

Inc.

198,304

8,112

Domino's

Pizza,

Inc.

3,007,605

3,692

Dorman

Products,

Inc.

h

335,344

162,210

Duluth

Holdings,

Inc.

g,h

2,022,759

16,010

Emerald

Holding,

Inc.

65,001

3,992

Ethan

Allen

Interiors,

Inc.

94,411

7,946

Etsy,

Inc.

h

1,581,969

7,419

Expedia

Group,

Inc.

920,698

6,218

Extended

Stay

America,

Inc.

91,280

20,232

Five

Below,

Inc.

h

3,555,369

5,313

Foot

Locker,

Inc.

232,816

804

Fox

Factory

Holding

Corporation

h

96,191

31,015

Gap,

Inc.

h

628,054

1,132

Garmin,

Ltd.

130,022

5,570

Gentex

Corporation

184,088

5,045

Genuine

Parts

Company

473,625

25,407

Goodyear

Tire

&

Rubber

Company

268,044

3,152

Grand

Canyon

Education,

Inc.

h

267,731

2,378

Groupon,

Inc.

h

81,256

8,428

H&R

Block,

Inc.

145,214

25,315

Hanesbrands,

Inc.

387,066

34,523

Harley-Davidson,

Inc.

1,384,027

2,172

Helen

of

Troy,

Ltd.

h

530,511

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

175

Shares

Common

Stock

(27.1%)

Value

Consumer

Discretionary

(3.4%)

-

continued

8,845

Home

Depot,

Inc.

$

2,395,403

1,381

Hovnanian

Enterprises,

Inc.

h

70,652

4,181

Jack

in

the

Box,

Inc.

393,599

8,438

KB

Home

351,358

11,901

Knoll,

Inc.

178,039

20,842

Kohl's

Corporation

918,299

16,336

L

Brands,

Inc.

665,855

10,587

Lear

Corporation

1,596,096

38,248

Leggett

&

Platt,

Inc.

1,568,168

3,345

Libbey,

Inc.

h

9,199

11,688

Lithia

Motors,

Inc.

3,724,732

5,533

Lowe's

Companies,

Inc.

923,181

5,890

Lululemon

Athletica,

Inc.

h

1,935,925

2,610

M.D.C.

Holdings,

Inc.

135,772

2,487

Madison

Square

Garden

Sports

Corporation

h

402,620

4,106

Marcus

Corporation

72,266

954

Marriott

International,

Inc.

110,960

1,269

Marriott

Vacations

Worldwide

Corporation

155,782

16,898

Mattel,

Inc.

h

306,192

5,278

McDonald's

Corporation

1,096,980

3,825

Meritage

Homes

Corporation

h

306,994

7,695

Michaels

Companies,

Inc.

h

119,272

38,919

Miller

Industries,

Inc.

1,552,090

1,038

Mohawk

Industries,

Inc.

h

149,057

9,261

NIKE,

Inc.

1,237,177

11,913

Nordstrom,

Inc.

g

422,316

13,166

Norwegian

Cruise

Line

Holdings,

Ltd.

g,h

298,210

1,445

NVR,

Inc.

h

6,425,164

17,793

Ollie's

Bargain

Outlet

Holdings,

Inc.

h

1,685,531

3,310

Overstock.com,

Inc.

g,h

256,856

28,683

Park

Hotels

&

Resorts,

Inc.

478,432

10,394

Penn

National

Gaming,

Inc.

h

1,078,066

66,262

Planet

Fitness,

Inc.

h

4,770,864

84,735

Playa

Hotels

and

Resorts

NV

h

450,790

2,400

Pool

Corporation

850,032

12,409

PulteGroup,

Inc.

539,791

3,190

Purple

Innovation,

Inc.

h

108,588

829

PVH

Corporation

70,681

50,618

Red

Rock

Resorts,

Inc.

1,188,511

3,524

RH

h

1,675,169

715

Royal

Caribbean

Cruises,

Ltd.

46,475

14,749

Ruth's

Hospitality

Group,

Inc.

268,284

2,216

Scientific

Games

Corporation

h

86,912

8,486

Six

Flags

Entertainment

Corporation

290,221

48,500

Skyline

Corporation

h

1,631,055

14,421

Sleep

Number

Corporation

h

1,553,719

2,020

Sony

Corporation

ADR

193,334

10,494

Standard

Motor

Products,

Inc.

411,680

54,684

Stoneridge,

Inc.

h

1,501,076

475

Strategic

Education,

Inc.

41,976

34,954

Taylor

Morrison

Home

Corporation

h

908,105

10,665

Tenneco,

Inc.

h

107,716

2,378

Tesla,

Inc.

h

1,887,014

43,671

Texas

Roadhouse,

Inc.

3,328,167

9,944

Thor

Industries,

Inc.

1,203,323

19,895

Toll

Brothers,

Inc.

1,016,634

1,059

TopBuild

Corporation

h

211,747

8,647

Tri

Pointe

Homes,

Inc.

h

174,669

4,876

Tupperware

Brands

Corporation

h

146,670

8,011

Ulta

Beauty,

Inc.

h

2,241,157

Shares

Common

Stock

(27.1%)

Value

Consumer

Discretionary

(3.4%)

-

continued

2,450

Vail

Resorts,

Inc.

$

651,602

302

Wayfair,

Inc.

h

82,241

896

Whirlpool

Corporation

165,841

1,071

Williams-Sonoma,

Inc.

138,073

19,772

Wingstop,

Inc.

2,966,789

55

Winmark

Corporation

9,385

2,388

Wyndham

Destinations,

Inc.

105,645

1,841

YETI

Holdings,

Inc.

h

121,175

3,794

Yum!

Brands,

Inc.

385,053

39,246

Zumiez,

Inc.

h

1,690,718

Total

119,774,457

Consumer

Staples

(0.8%)

471

Beyond

Meat,

Inc.

g,h

83,876

1,500

BJ's

Wholesale

Club

Holdings,

Inc.

h

63,105

447

Boston

Beer

Company,

Inc.

h

409,850

15,271

Casey's

General

Stores,

Inc.

2,863,007

113

Church

&

Dwight

Company,

Inc.

9,541

9,381

Colgate-Palmolive

Company

731,718

4,428

Costco

Wholesale

Corporation

1,560,560

37,591

Coty,

Inc.

239,455

14,315

Darling

Ingredients,

Inc.

h

887,673

112,333

e.l.f.

Beauty,

Inc.

h

2,444,366

2,506

Edgewell

Personal

Care

Company

83,700

3,608

Flowers

Foods,

Inc.

82,840

49,557

Hain

Celestial

Group,

Inc.

h

2,060,828

199

Herbalife

Nutrition,

Ltd.

h

10,141

2,189

Ingredion,

Inc.

165,204

10,977

John

B.

Sanfilippo

&

Son,

Inc.

882,880

650

Kimberly-Clark

Corporation

85,865

35,603

Lamb

Weston

Holdings,

Inc.

2,659,544

462

Lancaster

Colony

Corporation

80,656

2,964

McCormick

&

Company,

Inc.

265,397

943

Medifast,

Inc.

221,294

19,892

Monster

Beverage

Corporation

h

1,727,222

13,798

NewAge,

Inc.

h

42,084

1,272

Nu

Skin

Enterprises,

Inc.

73,611

928

PepsiCo,

Inc.

126,737

3,546

Performance

Food

Group

Company

h

166,236

17,001

Philip

Morris

International,

Inc.

1,354,130

163,888

Primo

Water

Corporation

2,532,070

7,341

Procter

&

Gamble

Company

941,190

3,034

Seneca

Foods

Corporation

h

109,982

1,268

Spectrum

Brands

Holdings,

Inc.

95,823

7,517

Sprouts

Farmers

Markets,

Inc.

h

170,260

968

Tootsie

Roll

Industries,

Inc.

g

38,313

116,112

Turning

Point

Brands,

Inc.

5,468,875

4,761

US

Foods

Holding

Corporation

h

147,543

2,575

Utz

Brands,

Inc.

60,718

3,330

Vector

Group,

Ltd.

39,094

3,014

Wal-Mart

Stores,

Inc.

423,437

457

WD-40

Company

139,115

Total

29,547,940

Energy

(0.5%)

1,360

Abraxas

Petroleum

Corporation

h

3,468

22,135

Antero

Midstream

Corporation

179,294

22,819

Apache

Corporation

325,855

43,053

Archrock,

Inc.

381,880

5,163

BP

plc

ADR

114,722

30,755

Centennial

Resource

Development,

Inc.

h

71,967

11,945

ChampionX

Corporation

h

182,639

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

176

Shares

Common

Stock

(27.1%)

Value

Energy

(0.5%)

-

continued

4,921

Chevron

Corporation

$

419,269

28,718

Cimarex

Energy

Company

1,211,325

13,184

Continental

Resources,

Inc.

g

259,593

22,682

Core

Laboratories

NV

748,052

6,322

Delek

US

Holdings,

Inc.

118,601

206,743

Devon

Energy

Corporation

3,402,990

22,364

Diamondback

Energy,

Inc.

1,267,815

48,835

EnLink

Midstream,

LLC

h

189,968

3,585

Enterprise

Products

Partners,

LP

72,525

9,138

EOG

Resources,

Inc.

465,672

44,526

EQT

Corporation

726,219

21,966

Equitrans

Midstream

Corporation

146,074

2,343

Evolution

Petroleum

Corporation

7,451

19,214

Exterran

Corporation

h

83,004

5,404

Exxon

Mobil

Corporation

242,315

28,433

Frank's

International

NV

h

79,044

31,352

Gran

Tierra

Energy,

Inc.

h

18,435

2,919

Halliburton

Company

51,462

107,399

Helmerich

&

Payne,

Inc.

2,607,648

12,970

HollyFrontier

Corporation

369,126

9,685

Liberty

Oilfield

Services,

Inc.

116,414

55,764

Marathon

Oil

Corporation

403,731

2,840

Marathon

Petroleum

Corporation

122,574

24,460

McDermott

International,

Inc.

h

24,949

121,859

Nine

Energy

Service,

Inc.

h

315,615

9,610

Occidental

Petroleum

Corporation

192,777

18,456

Oceaneering

International,

Inc.

h

155,953

47,275

Patterson-UTI

Energy,

Inc.

290,741

1,095

Pioneer

Natural

Resources

Company

132,386

9,995

Plains

GP

Holdings,

LP

h

86,357

14,547

ProPetro

Holding

Corporation

h

116,231

7,746

RPC,

Inc.

h

34,547

6,534

Schlumberger,

Ltd.

145,120

34,307

Southwestern

Energy

Company

h

129,337

35,540

Talos

Energy,

Inc.

h

300,668

16,712

Targa

Resources

Corporation

457,407

23,437

TechnipFMC

plc

250,542

12,590

Valero

Energy

Corporation

710,454

Total

17,732,216

Financials

(3.9%)

466

1st

Source

Corporation

18,337

14,474

AG

Mortgage

Investment

Trust,

Inc.

51,238

52,066

Air

Lease

Corporation

2,063,376

2,610

Alleghany

Corporation

1,479,478

49,183

Ally

Financial,

Inc.

1,861,085

1,665

American

Express

Company

193,573

31,277

American

Financial

Group,

Inc.

2,944,417

1,803

Ameriprise

Financial,

Inc.

356,760

27,459

Ameris

Bancorp

1,073,921

2,138

Aon

plc

434,228

28,301

Apollo

Commercial

Real

Estate

Finance,

Inc.

316,405

39,290

Arch

Capital

Group,

Ltd.

h

1,234,099

3,270

Argo

Group

International

Holdings,

Ltd.

131,945

22,376

Arthur

J.

Gallagher

&

Company

2,582,414

11,291

Artisan

Partners

Asset

Management,

Inc.

546,484

48,015

Associated

Banc-Corp

861,389

110,067

Assured

Guaranty,

Ltd.

3,934,895

7,355

Bancorp,

Inc.

h

123,343

17,428

Bank

of

America

Corporation

516,740

Shares

Common

Stock

(27.1%)

Value

Financials

(3.9%)

-

continued

2,438

Bank

of

Marin

Bancorp

$

90,547

38,299

Bank

of

N.T.

Butterfield

&

Son,

Ltd.

1,164,673

12,127

BankFinancial

Corporation

102,837

15,799

Banner

Corporation

698,790

4,826

Berkshire

Hathaway,

Inc.

h

1,099,701

41,531

Berkshire

Hills

Bancorp,

Inc.

688,584

2,059

BlackRock,

Inc.

1,443,894

5,286

Blackstone

Mortgage

Trust,

Inc.

140,925

73

BM

Technologies,

Inc.

e,h

1,004

734

BOK

Financial

Corporation

54,213

1,910

Bridge

Bancorp,

Inc.

h

46,661

97,096

Bridgewater

Bancshares,

Inc.

h

1,246,713

4,453

Brighthouse

Financial,

Inc.

h

157,458

33,969

BrightSphere

Investment

Group

622,652

19,590

Brookline

Bancorp,

Inc.

246,638

4,745

Brown

&

Brown,

Inc.

204,462

5,024

Byline

Bancorp,

Inc.

80,736

2,434

Capital

One

Financial

Corporation

253,769

1,855

Cboe

Global

Markets,

Inc.

170,159

17,829

Central

Pacific

Financial

Corporation

354,441

5,650

Charles

Schwab

Corporation

291,201

10,309

Chimera

Investment

Corporation

104,121

1,913

Chubb,

Ltd.

278,667

3,192

Cincinnati

Financial

Corporation

268,415

17,885

Citigroup,

Inc.

1,037,151

7,705

Citizens

Financial

Group,

Inc.

280,770

4,787

CME

Group,

Inc.

869,989

68,080

Columbia

Banking

System,

Inc.

2,622,442

1,467

Comerica,

Inc.

83,912

1,955

Commerce

Bancshares,

Inc.

130,692

17,558

Community

Trust

Bancorp,

Inc.

640,165

1,805

Cullen/Frost

Bankers,

Inc.

166,493

3,015

Customers

Bancorp,

Inc.

h

66,993

538

Diamond

Hill

Investment

Group,

Inc.

79,748

1,497

Discover

Financial

Services

125,059

6,735

East

West

Bancorp,

Inc.

403,696

5,417

Ellington

Residential

Mortgage

REIT

64,787

612

Employers

Holdings,

Inc.

18,666

5,020

Enterprise

Financial

Services

Corporation

177,256

48,884

Equitable

Holdings,

Inc.

1,211,346

27,337

Essent

Group,

Ltd.

1,143,507

21,903

Evercore,

Inc.

2,389,617

308,349

Everi

Holdings,

Inc.

h

4,033,205

45,391

F.N.B.

Corporation

447,555

2,633

FactSet

Research

Systems,

Inc.

796,061

3,875

FBL

Financial

Group,

Inc.

217,155

1,136

Federal

Agricultural

Mortgage

Corporation

86,336

13,678

Financial

Institutions,

Inc.

313,089

1,466

First

American

Financial

Corporation

76,657

17,715

First

Bancorp/Puerto

Rico

161,206

848

First

Bancorp/Southern

Pines

NC

28,883

25,283

First

Busey

Corporation

522,600

34,021

First

Financial

Bancorp

623,265

9,663

First

Financial

Corporation

370,963

12,207

First

Horizon

Corporation

169,555

629

First

Mid-Illinois

Bancshares,

Inc.

21,304

28,457

First

Midwest

Bancorp,

Inc.

470,394

1,658

First

of

Long

Island

Corporation

27,738

575

First

Republic

Bank

83,369

25,570

Flagstar

Bancorp,

Inc.

1,095,674

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

177

Shares

Common

Stock

(27.1%)

Value

Financials

(3.9%)

-

continued

2,185

Flushing

Financial

Corporation

$

39,942

95,455

Fulton

Financial

Corporation

1,279,097

17,872

Glacier

Bancorp,

Inc.

833,729

280

Goldman

Sachs

Group,

Inc.

75,928

23,986

Granite

Point

Mortgage

Trust,

Inc.

223,550

18,979

Great

Southern

Bancorp,

Inc.

933,197

16,641

Great

Western

Bancorp,

Inc.

399,384

18,870

Hamilton

Lane,

Inc.

1,422,232

50,665

Hancock

Whitney

Corporation

1,729,703

10,006

Hanmi

Financial

Corporation

138,283

14,694

Hanover

Insurance

Group,

Inc.

1,652,634

73,492

Heartland

Financial

USA,

Inc.

3,135,169

147,079

Heritage

Commerce

Corporation

1,291,354

15,778

Hometrust

Bancshares,

Inc.

331,338

83,131

Hope

Bancorp,

Inc.

929,405

21,915

Horizon

Bancorp,

Inc.

346,914

1,703

Houlihan

Lokey,

Inc.

110,440

20,015

Independent

Bank

Corporation

367,475

8,483

Interactive

Brokers

Group,

Inc.

519,075

8,718

J.P.

Morgan

Chase

&

Company

1,121,745

37,798

James

River

Group

Holdings,

Ltd.

1,681,255

4,933

Janus

Henderson

Group

plc

151,739

16,082

Kemper

Corporation

1,131,369

82,085

KeyCorp

1,383,953

23,517

Kinsale

Capital

Group,

Inc.

4,410,849

15,993

Ladder

Capital

Corporation

157,211

6,945

Lakeland

Bancorp,

Inc.

91,049

10,150

Lincoln

National

Corporation

461,723

4,756

Loews

Corporation

215,399

150

Markel

Corporation

h

145,422

373

MarketAxess

Holdings,

Inc.

201,703

2,210

Marsh

&

McLennan

Companies,

Inc.

242,901

4,472

Mercantile

Bank

Corporation

121,415

19,448

Meridian

Bancorp,

Inc.

294,637

2,480

MetLife,

Inc.

119,412

6,589

Midland

States

Bancorp,

Inc.

121,172

24,105

MidWestOne

Financial

Group,

Inc.

592,742

1,677

Moody's

Corporation

446,518

3,940

Morgan

Stanley

264,177

441

Morningstar,

Inc.

101,381

11,248

Mr.

Cooper

Group,

Inc.

h

306,283

5,772

MSCI,

Inc.

2,281,672

67

Nasdaq,

Inc.

9,063

242

National

Western

Life

Group,

Inc.

43,560

1,167

NBT

Bancorp,

Inc.

38,523

48,505

New

York

Community

Bancorp,

Inc.

507,362

7,250

Northern

Trust

Corporation

646,627

5,916

OFG

Bancorp

101,637

8,596

Old

National

Bancorp

144,327

11,318

Old

Second

Bancorp,

Inc.

111,143

32,642

PacWest

Bancorp

985,462

708

Peapack-Gladstone

Financial

Corporation

16,652

3,758

Peoples

Bancorp,

Inc.

114,619

77,386

People's

United

Financial,

Inc.

1,057,093

46,215

Popular,

Inc.

2,622,701

24,414

Premier

Financial

Corporation

677,733

16,581

Primerica,

Inc.

2,309,899

5,634

PROG

Holdings,

Inc.

265,812

4,017

Prosperity

Bancshares,

Inc.

270,906

14,522

QCR

Holdings,

Inc.

563,163

74,007

Radian

Group,

Inc.

1,420,934

5,828

Raymond

James

Financial,

Inc.

582,392

Shares

Common

Stock

(27.1%)

Value

Financials

(3.9%)

-

continued

27,724

Redwood

Trust,

Inc.

$

237,872

14,306

Reinsurance

Group

of

America,

Inc.

1,502,845

541

RLI

Corporation

52,358

2,453

S&P

Global,

Inc.

777,601

2,184

Safety

Insurance

Group,

Inc.

160,393

48,278

Santander

Consumer

USA

Holdings,

Inc.

1,066,944

90,181

Seacoast

Banking

Corporation

of

Florida

h

2,746,011

22,635

SEI

Investments

Company

1,196,260

12,245

Selective

Insurance

Group,

Inc.

795,680

9,412

Signature

Bank

1,554,768

20,775

Simmons

First

National

Corporation

513,143

2,628

Southside

Bancshares,

Inc.

82,440

31,327

Starwood

Property

Trust,

Inc.

587,695

4,937

Sterling

Bancorp

91,137

2,995

Stifel

Financial

Corporation

155,201

72,348

Synovus

Financial

Corporation

2,691,346

9,615

T.

Rowe

Price

Group,

Inc.

1,504,555

4,777

Territorial

Bancorp,

Inc.

113,979

14,325

TMX

Group,

Ltd.

1,381,697

211

Tompkins

Financial

Corporation

14,110

604

Torchmark

Corporation

54,596

3,766

Towne

Bank

87,371

15,400

TPG

RE

Finance

Trust,

Inc.

150,458

9,136

TriCo

Bancshares

340,773

56,587

Triumph

Bancorp,

Inc.

h

3,244,699

3,150

Truist

Financial

Corporation

151,137

30,689

TrustCo

Bank

Corporation

190,886

4,474

Trustmark

Corporation

122,901

19,374

Two

Harbors

Investment

Corporation

117,600

23,845

Umpqua

Holdings

Corporation

345,991

16,142

United

Bankshares,

Inc.

511,056

1,340

Univest

Financial

Corporation

30,083

8,721

Unum

Group

202,589

36,969

Valley

National

Bancorp

377,453

1,126

Walker

&

Dunlop,

Inc.

92,692

5,491

Washington

Trust

Bancorp,

Inc.

239,298

5,418

Webster

Financial

Corporation

253,292

30,023

Wells

Fargo

&

Company

897,087

6,383

WesBanco,

Inc.

185,107

153,578

Western

Alliance

Bancorp

10,470,948

33,788

Western

Asset

Mortgage

Capital

Corporation

99,675

581

Westwood

Holdings

Group,

Inc.

6,879

18,228

Wintrust

Financial

Corporation

1,097,143

41,934

Zions

Bancorporations

NA

1,850,967

417

Zurich

Insurance

Group

AG

166,736

Total

134,400,322

Health

Care

(4.0%)

14,731

Abbott

Laboratories

1,820,604

3,992

AbbVie,

Inc.

409,100

2,356

Acadia

Healthcare

Company,

Inc.

h

119,402

87,133

ACADIA

Pharmaceuticals,

Inc.

h

4,186,741

1,234

Acceleron

Pharma,

Inc.

h

142,564

18,980

ADMA

Biologics,

Inc.

h

42,136

7,612

Adverum

Biotechnologies,

Inc.

h

93,856

4,999

Agile

Therapeutics,

Inc.

h

14,097

11,882

Akebia

Therapeutics,

Inc.

h

38,498

1,936

Align

Technology,

Inc.

h

1,017,136

673

Allakos,

Inc.

h

89,731

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

178

Shares

Common

Stock

(27.1%)

Value

Health

Care

(4.0%)

-

continued

4,661

Altimmune,

Inc.

h

$

66,559

3,184

AmerisourceBergen

Corporation

331,773

6,350

Amgen,

Inc.

1,533,080

28,842

AMN

Healthcare

Services,

Inc.

h

2,080,085

7,262

AnaptysBio,

Inc.

h

188,231

657

Anthem,

Inc.

195,116

241,876

Ardelyx,

Inc.

h

1,642,338

8,675

Arena

Pharmaceuticals,

Inc.

h

644,032

9,718

Argenx

SE

ADR

h

2,847,568

7,873

Arrowhead

Research

Corporation

h

607,559

9,956

Atara

Biotherapeutics,

Inc.

h

183,788

237

Atrion

Corporation

154,398

1,398

AVROBIO,

Inc.

h

20,005

37,579

Axonics

Modulation

Technologies,

Inc.

g,h

1,942,834

2,143

Becton,

Dickinson

and

Company

561,016

435

Biogen,

Inc.

h

122,935

39,247

Biohaven

Pharmaceutical

Holding

Company,

Ltd.

h

3,344,629

309

BioLife

Solutions,

Inc.

h

11,717

579

Bio-Rad

Laboratories,

Inc.

h

332,213

16,029

Bio-Techne

Corporation

5,207,982

2,398

BioXcel

Therapeutics,

Inc.

h

111,075

3,104

Bluebird

Bio,

Inc.

h

138,283

1,947

Bruker

Corporation

112,712

2,310

Capricor

Therapeutics,

Inc.

h

15,200

55,203

Catalent,

Inc.

h

6,351,105

1,821

Centene

Corporation

h

109,806

2,679

Cerner

Corporation

214,615

5,413

Charles

River

Laboratories

International,

Inc.

h

1,402,238

1,764

Chemed

Corporation

913,576

981

Cigna

Holding

Company

212,926

9,637

CryoLife,

Inc.

h

230,613

1,748

CVS

Health

Corporation

125,244

3,402

CymaBay

Therapeutics,

Inc.

h

18,201

9,252

CytomX

Therapeutics,

Inc.

h

63,931

2,785

Danaher

Corporation

662,384

1,301

Deciphera

Pharmaceuticals,

Inc.

h

57,504

8,055

Dexcom,

Inc.

h

3,019,417

5,480

Dynavax

Technologies

Corporation

g,h

34,579

3,956

Editas

Medicine,

Inc.

g,h

242,701

14,246

Edwards

Lifesciences

Corporation

h

1,176,435

5,751

Envista

Holdings

Corporation

h

204,391

800

Fulcrum

Therapeutics,

Inc.

h

8,848

2,518

GlaxoSmithKline

plc

ADR

93,795

14,175

Global

Blood

Therapeutics,

Inc.

h

710,451

22,686

GoodRx

Holdings,

Inc.

g,h

1,057,621

41,451

Guardant

Health,

Inc.

h

6,445,631

2,908

Haemonetics

Corporation

h

332,355

83,387

Halozyme

Therapeutics,

Inc.

h

3,968,387

950

HCA

Healthcare,

Inc.

154,356

3,605

HealthEquity,

Inc.

h

301,198

8,501

Hill-Rom

Holdings,

Inc.

816,436

365

Humana,

Inc.

139,835

61

ICU

Medical,

Inc.

h

12,473

6,695

ImmunoGen,

Inc.

h

47,735

4,637

Immunovant,

Inc.

h

180,982

14,724

Inovio

Pharmaceuticals,

Inc.

g,h

187,731

3,523

Insmed,

Inc.

h

132,430

15,776

Inspire

Medical

Systems,

Inc.

h

3,179,022

10,677

Insulet

Corporation

h

2,852,681

2,056

Integra

LifeSciences

Holdings

Corporation

h

135,778

Shares

Common

Stock

(27.1%)

Value

Health

Care

(4.0%)

-

continued

1,399

Intuitive

Surgical,

Inc.

h

$

1,045,948

8,248

Invitae

Corporation

g,h

408,441

6,998

Ionis

Pharmaceuticals,

Inc.

h

420,370

4,848

Iovance

Biotherapeutics,

Inc.

h

212,536

5,457

IQVIA

Holding,

Inc.

h

970,255

10,594

Jazz

Pharmaceuticals,

Inc.

h

1,647,367

17,937

Johnson

&

Johnson

2,926,063

7,059

Kura

Oncology,

Inc.

h

211,417

1,865

Laboratory

Corporation

of

America

Holdings

h

426,917

46,198

LHC

Group,

Inc.

h

9,203,566

5,162

MacroGenics,

Inc.

h

105,511

15,370

Medtronic

plc

1,711,142

4,235

Merck

&

Company,

Inc.

326,391

3,187

Mersana

Therapeutics,

Inc.

h

60,744

3,254

Mesa

Laboratories,

Inc.

901,814

766

Mettler-Toledo

International,

Inc.

h

894,765

503

Mirati

Therapeutics,

Inc.

h

103,281

6,647

Molina

Healthcare,

Inc.

h

1,419,866

4,060

Myovant

Sciences,

Ltd.

h

94,557

34,283

Natera,

Inc.

h

3,655,939

9,430

National

Healthcare

Corporation

603,992

2,611

Neogen

Corporation

h

211,152

24,162

Nevro

Corporation

h

3,909,170

1,488

Novo

Nordisk

AS

ADR

103,565

18,358

NuVasive,

Inc.

h

986,559

2,572

Omnicell,

Inc.

h

302,982

71,413

Optinose,

Inc.

h

284,224

2,195

Orthifix

Medical,

Inc.

h

88,700

4,712

Owens

&

Minor,

Inc.

137,025

4,899

PerkinElmer,

Inc.

720,496

19,910

PRA

Health

Sciences,

Inc.

h

2,453,708

2,901

Precigen,

Inc.

h

24,659

19,963

Pulmonx

Corporation

h

1,132,301

3,468

Quidel

Corporation

h

870,364

5,358

Reata

Pharmaceuticals,

Inc.

h

555,035

13,750

Repligen

Corporation

h

2,750,000

5,039

Replimune

Group,

Inc.

h

195,513

2,801

Revolution

Medicines,

Inc.

h

118,034

3,614

Sage

Therapeutics,

Inc.

h

291,469

5,126

Sarepta

Therapeutics,

Inc.

h

458,264

463

Seres

Therapeutics,

Inc.

h

10,996

18,790

Sesen

Bio,

Inc.

h

32,131

46,446

Silk

Road

Medical,

Inc.

h

2,532,700

10,855

Spectrum

Pharmaceuticals,

Inc.

h

38,969

5,822

Stryker

Corporation

1,286,720

875

Surmodics,

Inc.

h

39,813

47,541

Syneos

Health,

Inc.

h

3,534,673

74,794

Tactile

Systems

Technology,

Inc.

h

4,080,013

623

Teladoc

Health,

Inc.

g,h

164,366

10,274

Teleflex,

Inc.

3,879,771

4,477

Tenet

Healthcare

Corporation

h

211,628

4,658

Thermo

Fisher

Scientific,

Inc.

2,374,183

23,443

Travere

Therapeutics,

Inc.

h

591,936

1,563

U.S.

Physical

Therapy,

Inc.

188,091

1,411

United

Therapeutics

Corporation

h

231,150

5,555

UnitedHealth

Group,

Inc.

1,853,037

1,376

Universal

Health

Services,

Inc.

171,560

6,955

Vaxart,

Inc.

g,h

83,321

106,883

VBI

Vaccines,

Inc.

g,h

348,439

8,109

Veeva

Systems,

Inc.

h

2,241,652

687

Vertex

Pharmaceuticals,

Inc.

h

157,378

4,179

ViewRay,

Inc.

h

18,555

1,538

Viking

Therapeutics,

Inc.

h

11,243

994

Waters

Corporation

h

263,082

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

179

Shares

Common

Stock

(27.1%)

Value

Health

Care

(4.0%)

-

continued

4,234

West

Pharmaceutical

Services,

Inc.

$

1,268,041

419

Zimmer

Biomet

Holdings,

Inc.

64,388

18,217

Zoetis,

Inc.

2,809,972

31,929

Zymeworks,

Inc.

h

1,079,839

Total

138,678,153

Industrials

(4.5%)

18,405

A.O.

Smith

Corporation

999,392

796

Acuity

Brands,

Inc.

95,711

15,695

Advanced

Drainage

Systems,

Inc.

1,294,524

8,837

AECOM

h

442,734

5,138

Aegion

Corporation

h

94,385

197

Alaska

Air

Group,

Inc.

9,620

9,031

Allegion

plc

966,407

121,385

Altra

Industrial

Motion

Corporation

6,240,403

39,080

American

Airlines

Group,

Inc.

g

671,004

19,902

AMETEK,

Inc.

2,254,101

179,626

Arconic,

Inc.

4,415,207

2,062

Armstrong

World

Industries,

Inc.

161,269

68,474

ASGN,

Inc.

h

5,677,179

23,081

AZZ,

Inc.

1,098,425

290

Boeing

Company

56,315

3,044

Carlisle

Companies,

Inc.

441,167

1,128

Caterpillar,

Inc.

206,244

29,349

CBIZ,

Inc.

h

760,433

40,528

Chart

Industries,

Inc.

h

4,867,818

2,246

Cintas

Corporation

714,498

104

Copart,

Inc.

h

11,414

4,174

CRA

International,

Inc.

222,099

22,686

Crane

Company

1,716,876

14,371

CSW

Industrials,

Inc.

1,674,509

1,190

CSX

Corporation

102,048

2,470

Cummins,

Inc.

579,017

40,777

Curtiss-Wright

Corporation

4,232,245

4,115

Delta

Air

Lines,

Inc.

156,205

3,392

Douglas

Dynamics,

Inc.

138,394

2,718

Dycom

Industries,

Inc.

h

220,539

6,404

Eaton

Corporation

plc

753,751

12,226

EMCOR

Group,

Inc.

1,079,556

9,424

Emerson

Electric

Company

747,794

12,058

Encore

Wire

Corporation

696,349

2,259

Expeditors

International

of

Washington,

Inc.

202,226

8,072

Fluor

Corporation

139,565

19,101

Forrester

Research,

Inc.

h

757,546

48,021

Forward

Air

Corporation

3,442,625

7,750

Generac

Holdings,

Inc.

h

1,909,755

8,058

General

Dynamics

Corporation

1,181,947

8,719

Gorman-Rupp

Company

274,648

9,030

Heico

Corporation

1,063,192

31,557

Helios

Technologies,

Inc.

1,721,434

8,966

Honeywell

International,

Inc.

1,751,687

13,696

Hubbell,

Inc.

2,131,098

2,707

ICF

International,

Inc.

208,791

18,344

IDEX

Corporation

3,415,469

630

Illinois

Tool

Works,

Inc.

122,352

836

Insperity,

Inc.

65,618

404

JB

Hunt

Transport

Services,

Inc.

54,403

10,354

JetBlue

Airways

Corporation

h

148,476

4,910

Johnson

Controls

International

plc

244,616

690

Kansas

City

Southern

139,842

898

Kimball

International,

Inc.

10,857

827

L3Harris

Technologies,

Inc.

141,839

13,545

Landstar

System,

Inc.

1,888,173

Shares

Common

Stock

(27.1%)

Value

Industrials

(4.5%)

-

continued

5,397

Lennox

International,

Inc.

$

1,486,820

57,451

Lincoln

Electric

Holdings,

Inc.

6,578,139

4,541

Linde

Public

Limited

Company

1,114,361

1,016

Lockheed

Martin

Corporation

326,969

36,594

Manpower,

Inc.

3,236,373

2,029

Masonite

International

Corporation

h

201,886

46,055

Mercury

Systems,

Inc.

h

3,272,668

192,602

Meritor,

Inc.

h

4,971,058

52,226

Middleby

Corporation

h

7,088,113

8,830

MSC

Industrial

Direct

Company,

Inc.

684,943

18,929

NAPCO

Security

Technologies,

Inc.

h

490,640

1,331

Nordson

Corporation

238,236

528

Norfolk

Southern

Corporation

124,935

3,220

Northrop

Grumman

Corporation

922,884

23,690

Nutrien,

Ltd.

1,164,837

14,617

Old

Dominion

Freight

Line,

Inc.

2,835,698

1,057

Otis

Worldwide

Corporation

68,335

1,973

Parker-Hannifin

Corporation

522,076

7,878

Quad/Graphics,

Inc.

36,869

23,484

Ranpak

Holdings

Corporation

h

407,213

72,419

Raven

Industries,

Inc.

2,336,961

1,946

Raytheon

Technologies

Corporation

129,857

9,843

RBC

Bearings,

Inc.

h

1,647,029

60,674

Regal-Beloit

Corporation

7,613,374

69,971

Ritchie

Brothers

Auctioneers,

Inc.

4,121,992

3,044

Rockwell

Automation,

Inc.

756,525

49,566

Rush

Enterprises,

Inc.

2,081,276

3,327

Ryder

System,

Inc.

208,237

14,671

Saia,

Inc.

h

2,593,099

11,574

Simpson

Manufacturing

Company,

Inc.

1,064,808

2,186

Snap-On,

Inc.

393,458

38,767

Southwest

Airlines

Company

1,703,422

3,611

Spirit

Airlines,

Inc.

g,h

93,669

1,449

SPX

FLOW,

Inc.

h

76,754

23,139

Standex

International

Corporation

1,895,315

112,916

Summit

Materials,

Inc.

h

2,318,165

640

Sunrun,

Inc.

h

44,333

2,063

Teledyne

Technologies,

Inc.

h

736,512

3,999

Tetra

Tech,

Inc.

486,158

3,423

Thermon

Group

Holdings,

Inc.

h

49,942

20,891

Timken

Company

1,580,613

179

Toro

Company

16,871

28,649

TransUnion

2,493,609

35,548

Trex

Company,

Inc.

h

3,262,240

25,318

TriMas

Corporation

h

801,315

2,257

UniFirst

Corporation

480,290

5,454

Union

Pacific

Corporation

1,077,001

3,460

United

Airlines

Holdings,

Inc.

h

138,365

1,097

United

Parcel

Service,

Inc.

170,035

28,100

United

Rentals,

Inc.

h

6,828,581

14,399

Valmont

Industries,

Inc.

2,777,855

2,882

Verisk

Analytics,

Inc.

528,847

3,177

Waste

Connections,

Inc.

312,966

5,463

Watsco,

Inc.

1,302,871

820

Watts

Water

Technologies,

Inc.

98,457

19,622

WESCO

International,

Inc.

h

1,493,430

31,213

Willdan

Group,

Inc.

h

1,394,909

6,949

XPO

Logistics,

Inc.

h

767,239

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

180

Shares

Common

Stock

(27.1%)

Value

Industrials

(4.5%)

-

continued

3,185

Xylem,

Inc.

$

307,639

Total

156,770,863

Information

Technology

(5.9%)

7,643

Accenture

plc

1,848,995

3,279

Adobe,

Inc.

h

1,504,307

1,777

ADTRAN,

Inc.

30,564

19,941

Advanced

Energy

Industries,

Inc.

h

2,045,548

55,586

Agilysys,

Inc.

h

2,045,009

12,960

Akamai

Technologies,

Inc.

h

1,438,949

26,998

Alliance

Data

Systems

Corporation

1,826,415

23,055

Amphenol

Corporation

2,879,108

1,089

Analog

Devices,

Inc.

160,442

68,723

Anaplan,

Inc.

h

4,583,824

6,999

ANSYS,

Inc.

h

2,480,236

73,574

Apple,

Inc.

9,708,825

4,444

Aspen

Technology,

Inc.

h

595,052

7,901

Atlassian

Corporation

plc

h

1,826,158

22,544

Avalara,

Inc.

h

3,381,600

306

Avnet,

Inc.

10,805

20,838

Axcelis

Technologies,

Inc.

h

713,493

28,246

Bandwidth,

Inc.

h

5,031,742

15,972

Benchmark

Electronics,

Inc.

404,571

78,407

BigCommerce

Holdings,

Inc.

g,h

6,267,856

109

Bill.com

Holdings,

Inc.

h

13,285

32,879

Blackline,

Inc.

h

4,261,776

2,383

Broadcom,

Ltd.

1,073,541

5,566

Broadridge

Financial

Solutions,

Inc.

786,531

1,454

CACI

International,

Inc.

h

350,734

22,752

CDK

Global,

Inc.

1,135,325

4,114

CDW

Corporation

541,649

1,604

Ceridian

HCM

Holding,

Inc.

h

149,028

101,987

Change

Healthcare,

Inc.

h

2,433,410

42,977

Ciena

Corporation

h

2,294,542

9,155

Cisco

Systems,

Inc.

408,130

392

Clearfield,

Inc.

h

12,277

16,685

Cognex

Corporation

1,370,339

29,169

Computer

Services,

Inc.

1,808,478

2,917

Concentrix

Corporation

h

311,886

11,184

Coupa

Software,

Inc.

h

3,465,586

5,811

Cree,

Inc.

h

587,376

4,822

CTS

Corporation

147,071

26,325

Descartes

Systems

Group,

Inc.

h

1,607,404

12,985

DocuSign,

Inc.

h

3,024,077

65,482

Dolby

Laboratories,

Inc.

5,764,380

2,088

Domo,

Inc.

h

132,358

41,093

Dropbox,

Inc.

h

929,935

3,230

DSP

Group,

Inc.

h

52,100

37,955

Elastic

NV

h

5,767,642

30,640

Endava

plc

ADR

h

2,422,398

6,089

Enphase

Energy,

Inc.

h

1,110,329

4,334

EPAM

Systems,

Inc.

h

1,492,760

6,805

ePlus,

Inc.

h

571,892

29,510

Euronet

Worldwide,

Inc.

h

3,687,570

31,466

Eventbrite,

Inc.

g,h

561,668

6,391

ExlService

Holdings,

Inc.

h

490,062

3,473

eXp

World

Holdings,

Inc.

h

370,187

4,987

F5

Networks,

Inc.

h

977,203

3,878

Fair

Isaac

Corporation

h

1,745,527

6,472

First

Solar,

Inc.

h

641,699

23,089

Five9,

Inc.

h

3,838,546

37,610

FLIR

Systems,

Inc.

1,957,600

15,967

Global

Payments,

Inc.

2,818,495

3,433

Guidewire

Software,

Inc.

h

393,902

Shares

Common

Stock

(27.1%)

Value

Information

Technology

(5.9%)

-

continued

27,849

Health

Catalyst,

Inc.

h

$

1,383,538

7,117

II-VI,

Inc.

h

598,326

3,577

InterDigital,

Inc.

229,679

3,034

Intuit,

Inc.

1,095,972

219

IPG

Photonics

Corporation

h

48,931

9,190

Jack

Henry

&

Associates,

Inc.

1,330,620

6,670

Juniper

Networks,

Inc.

162,881

2,361

Kulicke

and

Soffa

Industries,

Inc.

84,217

3,285

Lam

Research

Corporation

1,589,776

46,196

Lattice

Semiconductor

Corporation

h

1,852,922

7,853

Littelfuse,

Inc.

1,911,185

44,802

Lumentum

Holdings,

Inc.

h

4,202,428

3,997

Manhattan

Associates,

Inc.

h

452,580

401

ManTech

International

Corporation

35,966

8,007

MasterCard,

Inc.

2,532,534

2,680

MAXIMUS,

Inc.

201,161

900

MaxLinear,

Inc.

h

28,251

112,218

Medallia,

Inc.

g,h

4,657,047

35,306

Microsoft

Corporation

8,189,580

1,356

MicroStrategy,

Inc.

g,h

837,072

29,912

MKS

Instruments,

Inc.

4,728,190

20,531

Monolithic

Power

Systems,

Inc.

7,294,459

3,967

Motorola

Solutions,

Inc.

664,671

46,443

National

Instruments

Corporation

1,922,740

417

NetApp,

Inc.

27,705

10,553

Nice,

Ltd.

ADR

h

2,757,288

10,970

Nova

Measuring

Instruments,

Ltd.

h

763,841

9,087

Novanta,

Inc.

h

1,135,148

113,672

Nuance

Communications,

Inc.

h

5,176,623

1,802

NVIDIA

Corporation

936,301

6,336

Okta,

Inc.

h

1,641,087

13,016

Oracle

Corporation

786,557

8,258

Palo

Alto

Networks,

Inc.

h

2,896,493

68

Paylocity

Holding

Corporation

h

12,747

4,199

PayPal

Holdings,

Inc.

h

983,868

16,758

Plexus

Corporation

h

1,289,025

1,523

Progress

Software

Corporation

61,194

17,696

Q2

Holdings,

Inc.

h

2,264,911

7,013

QAD,

Inc.

454,372

8,296

Qorvo,

Inc.

h

1,417,620

2,927

QUALCOMM,

Inc.

457,432

14,066

Rogers

Corporation

h

2,195,281

7,348

Sabre

Corporation

79,211

33,916

SailPoint

Technologies

Holdings,

Inc.

h

1,875,894

1,519

Salesforce.com,

Inc.

h

342,626

134

Samsung

Electronics

Company,

Ltd.

GDR

246,124

7,913

ScanSource,

Inc.

h

191,415

9,561

Semtech

Corporation

h

678,353

2,731

ServiceNow,

Inc.

h

1,483,370

1,155

Shift4

Payments,

Inc.

h

75,087

120

Shopify

Inc.

h

131,831

59,454

Sierra

Wireless,

Inc.

h

1,100,494

3,774

Silicon

Laboratories,

Inc.

h

495,036

1,296

Solaredge

Technology,

Ltd.

h

373,676

1,589

Square,

Inc.

h

343,160

60,979

STMicroelectronics

NV

ADR

g

2,436,111

2,917

SYNNEX

Corporation

238,086

4,460

Synopsys,

Inc.

h

1,139,307

2,240

TE

Connectivity,

Ltd.

269,696

13,460

Texas

Instruments,

Inc.

2,230,187

1,915

Tyler

Technologies,

Inc.

h

809,643

3,928

VeriSign,

Inc.

h

762,307

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

181

Shares

Common

Stock

(27.1%)

Value

Information

Technology

(5.9%)

-

continued

2,667

ViaSat,

Inc.

h

$

116,121

5,226

Visa,

Inc.

1,009,924

433

VMware,

Inc.

h

59,689

1,221

Western

Union

Company

27,192

47,700

Workiva,

Inc.

h

4,649,319

1,628

Zendesk,

Inc.

h

234,823

2,960

Zix

Corporation

h

24,124

9,335

Zscaler,

Inc.

h

1,864,200

Total

204,871,422

Materials

(1.1%)

2,705

AdvanSix,

Inc.

h

57,671

511

Air

Products

and

Chemicals,

Inc.

136,314

8,603

AptarGroup,

Inc.

1,143,941

3,894

Avery

Dennison

Corporation

587,488

4,261

Axalta

Coating

Systems,

Ltd.

h

115,004

449

Balchem

Corporation

48,056

16,929

Ball

Corporation

1,490,091

5,603

Cabot

Corporation

246,028

50,200

Carpenter

Technology

Corporation

1,568,248

2,369

Celanese

Corporation

289,373

4,325

CF

Industries

Holdings,

Inc.

178,968

21,760

Chemours

Company

573,158

18,837

Cleveland-Cliffs,

Inc.

288,960

34,063

Coeur

Mining,

Inc.

h

308,270

22,169

Eastman

Chemical

Company

2,180,321

4,954

Ecolab,

Inc.

1,013,143

124,404

Element

Solutions,

Inc.

2,118,600

22,270

Ferroglobe

Representation

&

Warranty

Insurance

Trust

e,h

2

3,112

FMC

Corporation

336,998

5,319

Ingevity

Corporation

h

349,405

30,157

Innospec,

Inc.

2,647,483

263,641

Ivanhoe

Mines,

Ltd.

h

1,259,704

15,782

Kaiser

Aluminum

Corporation

1,368,299

785

LyondellBasell

Industries

NV

67,322

9,005

Martin

Marietta

Materials,

Inc.

2,588,127

6,079

Materion

Corporation

414,527

7,802

Minerals

Technologies,

Inc.

480,837

20,737

Myers

Industries,

Inc.

415,777

10,933

Neenah,

Inc.

556,708

5,460

Nucor

Corporation

266,066

7,118

O-I

Glass,

Inc.

89,972

13,018

Olin

Corporation

311,260

2,515

Olympic

Steel,

Inc.

34,330

139

PPG

Industries,

Inc.

18,725

14,304

Quaker

Chemical

Corporation

3,749,508

623

Reliance

Steel

&

Aluminum

Company

72,318

2,844

RPM

International,

Inc.

234,545

12,000

Ryerson

Holding

Corporation

h

148,080

2,447

Scotts

Miracle-Gro

Company

541,790

2,504

Sealed

Air

Corporation

105,844

10,726

Sensient

Technologies

Corporation

756,505

1,344

Sherwin-Williams

Company

929,779

34,346

Steel

Dynamics,

Inc.

1,177,037

33,455

UFP

Technologies,

Inc.

h

1,539,265

16,395

United

States

Lime

&

Minerals,

Inc.

1,983,795

2,617

United

States

Steel

Corporation

46,478

33,295

W.

R.

Grace

&

Company

1,931,776

2,026

Worthington

Industries,

Inc.

106,041

Total

36,871,937

Real

Estate

(1.8%)

52,078

Agree

Realty

Corporation

3,291,330

Shares

Common

Stock

(27.1%)

Value

Real

Estate

(1.8%)

-

continued

4,612

Alexandria

Real

Estate

Equities,

Inc.

$

770,711

54,733

American

Campus

Communities,

Inc.

2,252,810

699

American

Tower

Corporation

158,925

5,728

Apartment

Income

REIT

Corporation

h

222,075

9,455

Armada

Hoffler

Properties,

Inc.

101,641

498

AvalonBay

Communities,

Inc.

81,508

565

Bluegreen

Vacations

Holding

Corporations

h

7,396

230

Bluerock

Residential

Growth

REIT,

Inc.

2,406

31,532

Camden

Property

Trust

3,220,994

28,710

CareTrust

REIT,

Inc.

644,827

39,578

CBRE

Group,

Inc.

h

2,413,466

5,894

Cedar

Realty

Trust,

Inc.

62,889

2,816

Centerspace

196,951

21,295

Colliers

International

Group,

Inc.

1,881,626

3,643

Colony

Credit

Real

Estate,

Inc.

28,780

11,632

Columbia

Property

Trust,

Inc.

158,195

5,839

Community

Healthcare

Trust,

Inc.

261,120

4,925

Corepoint

Lodging,

Inc.

33,539

3,166

CoStar

Group,

Inc.

h

2,848,482

119,531

Cushman

and

Wakefield

plc

h

1,712,879

5,303

Digital

Realty

Trust,

Inc.

763,367

29,086

Douglas

Emmett,

Inc.

805,973

23,450

Duke

Realty

Corporation

927,682

8,616

EastGroup

Properties,

Inc.

1,164,366

12,852

EPR

Properties

509,453

7,333

Equity

Lifestyle

Properties,

Inc.

446,140

61,147

Essential

Properties

Realty

Trust,

Inc.

1,273,081

1,368

Essex

Property

Trust,

Inc.

327,786

6,516

Farmland

Partners,

Inc.

67,180

3,094

Federal

Realty

Investment

Trust

270,911

52,216

First

Industrial

Realty

Trust,

Inc.

2,122,058

12,994

FirstService

Corporation

1,778,229

49,624

Four

Corners

Property

Trust,

Inc.

1,308,089

11,879

Gaming

and

Leisure

Properties,

Inc.

488,583

8,907

Getty

Realty

Corporation

236,659

4,092

Gladstone

Commercial

Corporation

72,469

7,053

Gladstone

Land

Corporation

111,014

6,812

Global

Medical

REIT,

Inc.

85,422

33,644

Healthcare

Realty

Trust,

Inc.

1,009,656

14,865

Healthcare

Trust

of

America,

Inc.

419,936

1,101

Highwoods

Properties,

Inc.

41,277

62,164

Host

Hotels

&

Resorts,

Inc.

842,322

5,827

Hudson

Pacific

Properties,

Inc.

136,585

28,733

Independence

Realty

Trust,

Inc.

381,574

18,782

Industrial

Logistics

Properties

Trust

398,366

6,572

Innovative

Industrial

Properties,

Inc.

1,229,753

4,824

Iron

Mountain,

Inc.

162,424

4,355

Jones

Lang

LaSalle,

Inc.

h

636,745

38,645

Kilroy

Realty

Corporation

2,188,466

1,991

Lamar

Advertising

Company

160,833

10,261

Lexington

Realty

Trust

105,175

8,485

Life

Storage,

Inc.

692,206

48,833

Medical

Properties

Trust,

Inc.

1,030,865

1,629

National

Health

Investors,

Inc.

105,624

28,052

National

Retail

Properties,

Inc.

1,094,028

90,601

National

Storage

Affiliates

Trust

3,310,561

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

182

Shares

Common

Stock

(27.1%)

Value

Real

Estate

(1.8%)

-

continued

52,587

New

Residential

Investment

Corporation

$

493,792

14,041

New

Senior

Investment

Group,

Inc.

74,417

20,046

NexPoint

Residential

Trust,

Inc.

791,216

9,679

Omega

Healthcare

Investors,

Inc.

350,573

5,572

One

Liberty

Properties,

Inc.

111,663

1,845

Plymouth

Industrial

REIT,

Inc.

27,011

618

PotlatchDeltic

Corporation

29,516

10,310

Preferred

Apartment

Communities,

Inc.

74,129

4,588

Public

Storage,

Inc.

1,044,321

24,497

Rayonier,

Inc.

REIT

753,283

14,086

Realty

Income

Corporation

831,919

5,102

Redfin

Corporation

h

363,313

62,566

Rexford

Industrial

Realty,

Inc.

3,061,980

838

RMR

Group,

Inc.

30,905

35,377

Sabra

Health

Care

REIT,

Inc.

593,980

4,426

SBA

Communications

Corporation

1,189,133

107,771

Service

Properties

Trust

1,143,450

7,352

SL

Green

Realty

Corporation

496,113

15,128

Spirit

Realty

Capital,

Inc.

583,336

18,336

STAG

Industrial,

Inc.

546,413

18,527

Store

Capital

Corporation

574,708

165,017

Sunstone

Hotel

Investors,

Inc.

1,765,682

8,402

UDR,

Inc.

323,057

6,152

UMH

Properties,

Inc.

90,434

21,179

Uniti

Group,

Inc.

260,714

345

Universal

Health

Realty

Income

Trust

20,590

3,078

WP

Carey,

Inc.

204,379

Total

62,887,435

Utilities

(0.4%)

12,366

AES

Corporation

301,607

3,558

ALLETE,

Inc.

223,585

18,698

Alliant

Energy

Corporation

909,658

4,173

American

Electric

Power

Company,

Inc.

337,637

1,343

American

States

Water

Company

103,760

64

American

Water

Works

Company,

Inc.

10,177

7,724

Artesian

Resources

Corporation

315,757

7,529

Black

Hills

Corporation

445,114

46,609

CenterPoint

Energy,

Inc.

982,984

737

Chesapeake

Utilities

Corporation

74,754

15,782

CMS

Energy

Corporation

897,680

6,970

Consolidated

Water

Company,

Ltd.

88,310

922

Dominion

Energy,

Inc.

67,205

2,610

DTE

Energy

Company

309,859

1,838

Duke

Energy

Corporation

172,772

13,489

Entergy

Corporation

1,285,906

1,892

Essential

Utilities,

Inc.

87,600

5,713

Evergy,

Inc.

306,959

1,966

Exelon

Corporation

81,707

10,508

FirstEnergy

Corporation

323,226

4,989

Hawaiian

Electric

Industries,

Inc.

164,936

3,609

IDACORP,

Inc.

318,675

4,303

MDU

Resources

Group,

Inc.

113,126

888

Middlesex

Water

Company

70,685

1,921

National

Fuel

Gas

Company

77,339

6,158

New

Jersey

Resources

Corporation

215,592

572

NiSource,

Inc.

12,670

Shares

Common

Stock

(27.1%)

Value

Utilities

(0.4%)

-

continued

1,783

Northwest

Natural

Holding

Company

$

83,284

13,462

NorthWestern

Corporation

733,275

6,633

NRG

Energy,

Inc.

274,673

28,632

OGE

Energy

Corporation

873,849

4,050

Otter

Tail

Corporation

160,744

1,354

Pinnacle

West

Capital

Corporation

101,888

27,866

Portland

General

Electric

Company

1,178,453

3,198

Southwest

Gas

Holdings,

Inc.

191,752

21,224

Spire,

Inc.

1,298,697

16,051

UGI

Corporation

577,675

3,087

Unitil

Corporation

125,857

4,114

WEC

Energy

Group,

Inc.

365,735

Total

14,265,162

Total

Common

Stock

(cost

$681,034,606)

944,094,470

Principal

Amount

Long-Term

Fixed

Income

(

16.2%

)

Value

Asset-Backed

Securities

(0.7%)

522

Funding

CLO,

Ltd.

$

525,000

1.824%, 

(LIBOR

3M

+

1.600%),

4/20/2030,

Ser.

2019-4A,

Class

BR

b,i

525,058

Access

Group,

Inc.

68,111

0.648%, 

(LIBOR

1M

+

0.500%),

2/25/2036,

Ser.

2013-1,

Class

A

b,i

67,484

Aimco

CLO

10,

Ltd.

550,000

1.542%, 

(LIBOR

3M

+

1.320%),

7/22/2032,

Ser.

2019-10A,

Class

A

b,i

550,475

Aimco

CLO

11,

Ltd.

800,000

1.605%, 

(LIBOR

3M

+

1.380%),

10/15/2031,

Ser.

2020-11A,

Class

A1

b,i

801,304

Ares

CLO,

Ltd.

700,000

1.623%, 

(LIBOR

3M

+

1.400%),

10/17/2030,

Ser.

2018-28RA,

Class

A2

b,i

700,216

Ares

XXXIIR

CLO,

Ltd.

650,000

2.221%, 

(LIBOR

3M

+

2.000%),

5/15/2030,

Ser.

2014-32RA,

Class

A2BR

b,i

650,140

Balboa

Bay

Loan

Funding,

Ltd.

400,000

1.890%, 

(LIBOR

3M

+

1.750%),

1/20/2032,

Ser.

2020-1A,

Class

B

b,i

401,289

Benefit

Street

Partners

CLO

IV,

Ltd.

400,000

1.474%, 

(LIBOR

3M

+

1.250%),

1/20/2029,

Ser.

2014-IVA,

Class

A1RR

b,i

400,089

450,000

1.974%, 

(LIBOR

3M

+

1.750%),

1/20/2029,

Ser.

2014-IVA,

Class

A2RR

b,i

450,413

Buttermilk

Park

CLO,

Ltd.

1,150,000

1.641%, 

(LIBOR

3M

+

1.400%),

10/15/2031,

Ser.

2018-1A,

Class

A2

b,i

1,150,336

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

183

Principal

Amount

Long-Term

Fixed

Income

(16.2%)

Value

Asset-Backed

Securities

(0.7%)

-

continued

Carlyle

Global

Market

Strategies

CLO,

Ltd.

$

750,000

1.691%, 

(LIBOR

3M

+

1.450%),

7/15/2031,

Ser.

2014-5A,

Class

A2RR

b,i

$

750,140

CBAM,

Ltd.

800,000

1.521%, 

(LIBOR

3M

+

1.280%),

2/12/2030,

Ser.

2019-9A,

Class

A

b,i

800,200

Cent

CLO,

LP

200,000

2.518%, 

(LIBOR

3M

+

2.300%),

10/25/2028,

Ser.

2018-27A,

Class

B

b,i

200,101

CIFC

Funding,

Ltd.

300,000

1.805%, 

(LIBOR

3M

+

1.600%),

10/20/2031,

Ser.

2020-3A,

Class

A2

b,i

300,891

Colony

American

Finance

Trust

823,988

2.835%, 

6/15/2052,

Ser.

2019-2,

Class

A

i

879,145

Commonbond

Student

Loan

Trust

85,907

0.630%, 

(LIBOR

1M

+

0.500%),

2/25/2044,

Ser.

2018-AGS,

Class

A2

b,i

85,314

CoreVest

American

Finance

Trust

970,827

2.705%, 

10/15/2052,

Ser.

2019-3,

Class

A

i

1,026,681

Dryden

36

Senior

Loan

Fund

450,000

2.291%, 

(LIBOR

3M

+

2.050%),

4/15/2029,

Ser.

2014-36A,

Class

CR3

b,i

450,258

Dryden

Senior

Loan

Fund

650,000

1.623%, 

(LIBOR

3M

+

1.400%),

7/18/2030,

Ser.

2018-65A,

Class

A2

b,i

650,214

Earnest

Student

Loan

Program,

LLC

121,008

3.020%, 

5/25/2034,

Ser.

2016-B,

Class

A2

i

121,352

ECMC

Group

Student

Loan

Trust

475,010

1.280%, 

(LIBOR

1M

+

1.150%),

11/25/2069,

Ser.

2020-2A,

Class

A

b,i

479,915

Flatiron

CLO,

Ltd.

300,000

1.998%, 

(LIBOR

3M

+

1.750%),

11/20/2033,

Ser.

2020-1A,

Class

B

b,i

301,943

Galaxy

XX

CLO,

Ltd.

450,000

1.224%, 

(LIBOR

3M

+

1.000%),

4/20/2031,

Ser.

2015-20A,

Class

AR

b,i

449,989

Golub

Capital

Partners,

Ltd.

491,944

1.374%, 

(LIBOR

3M

+

1.150%),

10/20/2028,

Ser.

2018-39A,

Class

A1

b,i

492,054

416,000

1.424%, 

(LIBOR

3M

+

1.200%),

1/20/2031,

Ser.

2015-23A,

Class

AR

b,i

415,980

Harley

Marine

Financing,

LLC

1,371,709

5.682%, 

5/15/2043,

Ser.

2018-1A,

Class

A2

i

1,245,508

Home

Partners

of

America

Trust

946,114

2.908%, 

9/17/2039,

Ser.

2019-1,

Class

A

i

1,002,731

Principal

Amount

Long-Term

Fixed

Income

(16.2%)

Value

Asset-Backed

Securities

(0.7%)

-

continued

$

924,604

2.703%, 

10/19/2039,

Ser.

2019-2,

Class

A

i

$

975,211

Laurel

Road

Prime

Student

Loan

Trust

326,478

5.600%, 

11/25/2043,

Ser.

2018-D,

Class

A

b,i

339,427

Madison

Park

Funding

XIV,

Ltd.

525,000

1.622%, 

(LIBOR

3M

+

1.400%),

10/22/2030,

Ser.

2014-14A,

Class

A2RR

b,i

525,059

Madison

Park

Funding,

Ltd.

500,000

2.300%, 

(LIBOR

3M

+

2.100%),

1/20/2029,

Ser.

2012-10A,

Class

CR3

b,i

500,053

Magnetite

XII,

Ltd.

450,000

1.341%, 

(LIBOR

3M

+

1.100%),

10/15/2031,

Ser.

2015-12A,

Class

ARR

b,i

450,132

Mountain

View

CLO,

Ltd.

300,000

1.361%, 

(LIBOR

3M

+

1.120%),

7/15/2031,

Ser.

2015-9A,

Class

A1R

b,i

299,781

MRA

Issuance

Trust

1,075,000

1.477%, 

(LIBOR

1M

+

1.350%),

7/15/2021,

Ser.

2020-12,

Class

A1X

b,i

1,074,965

National

Collegiate

Trust

257,169

0.425%, 

(LIBOR

1M

+

0.295%),

5/25/2031,

Ser.

2007-A,

Class

A

b,i

252,455

Neuberger

Berman

CLO,

Ltd.

250,000

1.252%, 

(LIBOR

3M

+

1.030%),

4/22/2029,

Ser.

2014-17A,

Class

AR2

b,i

250,073

Octagon

Investment

Partners

XVI,

Ltd.

100,000

1.623%, 

(LIBOR

3M

+

1.400%),

7/17/2030,

Ser.

2013-1A,

Class

A2R

b,i

100,029

OZLM

VIII,

Ltd.

932,660

1.393%, 

(LIBOR

3M

+

1.170%),

10/17/2029,

Ser.

2014-8A,

Class

A1RR

b,i

932,720

Palmer

Square

CLO,

Ltd.

400,000

2.238%, 

(LIBOR

3M

+

2.000%),

5/21/2029,

Ser.

2015-1A,

Class

BR3

b,i

400,080

Palmer

Square

Loan

Funding,

Ltd.

400,000

1.874%, 

(LIBOR

3M

+

1.650%),

4/20/2027,

Ser.

2019-1A,

Class

A2

b,i

400,250

PPM

CLO

3,

Ltd.

250,000

1.623%, 

(LIBOR

3M

+

1.400%),

7/17/2030,

Ser.

2019-3A,

Class

A

b,i

250,238

Pretium

Mortgage

Credit

Partners,

LLC

499,450

3.721%, 

2/27/2060,

Ser.

2020-NPL2,

Class

A1

i,j

504,306

Shackleton

CLO,

Ltd.

300,000

1.411%, 

(LIBOR

3M

+

1.170%),

7/15/2031,

Ser.

2015-7RA,

Class

A1

b,i

300,025

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

184

Principal

Amount

Long-Term

Fixed

Income

(16.2%)

Value

Asset-Backed

Securities

(0.7%)

-

continued

SLM

Student

Loan

Trust

$

183,409

0.530%, 

(LIBOR

1M

+

0.400%),

3/25/2025,

Ser.

2010-1,

Class

A

b

$

179,091

Sound

Point

CLO

XIV,

Ltd.

650,000

2.288%, 

(LIBOR

3M

+

2.050%),

1/23/2029,

Ser.

2016-3A,

Class

CR

b,d,i

650,070

THL

Credit

Wind

River

CLO,

Ltd.

225,000

1.654%, 

(LIBOR

3M

+

1.430%),

10/20/2033,

Ser.

2020-1A,

Class

A

b,i

226,086

Upstart

Securitization

Trust

397,347

1.702%, 

11/20/2030,

Ser.

2020-3,

Class

A

i

400,205

VCAT

Asset

Securitization,

LLC

250,000

4.826%, 

12/26/2050,

Ser.

2021-NPL1,

Class

A2

i

250,182

Voya

CLO,

Ltd.

349,454

1.441%, 

(LIBOR

3M

+

1.200%),

10/15/2030,

Ser.

2012-4A,

Class

A1AR

b,i

349,490

Whitebox

CLO

II,

Ltd.

350,000

2.492%, 

(LIBOR

3M

+

2.250%),

10/24/2031,

Ser.

2020-2A,

Class

B

b,i

351,046

Total

25,310,194

Basic

Materials

(0.2%)

Air

Products

and

Chemicals,

Inc.

450,000

2.700%, 

5/15/2040

470,728

Alcoa

Nederland

Holding

BV

160,000

5.500%, 

12/15/2027

i

172,043

Anglo

American

Capital

plc

320,000

4.875%, 

5/14/2025

i

369,772

BWAY

Holding

Company

150,000

5.500%, 

4/15/2024

i

151,812

Cleveland-Cliffs,

Inc.

130,000

5.750%, 

3/1/2025

132,925

100,000

9.875%, 

10/17/2025

i

117,588

DowDuPont,

Inc.

200,000

4.493%, 

11/15/2025

232,304

EI

du

Pont

de

Nemours

&

Company

135,000

2.300%, 

7/15/2030

140,943

First

Quantum

Minerals,

Ltd.

215,000

7.500%, 

4/1/2025

i

222,263

Freeport-McMoRan,

Inc.

150,000

4.125%, 

3/1/2028

157,770

165,000

4.250%, 

3/1/2030

178,870

Glencore

Funding,

LLC

24,000

4.125%, 

5/30/2023

i

25,881

222,000

4.000%, 

3/27/2027

i

252,123

Ingevity

Corporation

190,000

3.875%, 

11/1/2028

i

190,496

International

Paper

Company

230,000

4.350%, 

8/15/2048

292,509

Kinross

Gold

Corporation

6,000

5.125%, 

9/1/2021

6,092

168,000

5.950%, 

3/15/2024

192,102

265,000

4.500%, 

7/15/2027

306,908

Kraton

Polymers,

LLC

165,000

4.250%, 

12/15/2025

i

165,825

Principal

Amount

Long-Term

Fixed

Income

(16.2%)

Value

Basic

Materials

(0.2%)

-

continued

Mercer

International,

Inc.

$

120,000

5.125%, 

2/1/2029

i

$

122,100

Methanex

Corporation

140,000

5.250%, 

12/15/2029

146,563

Norbord,

Inc.

220,000

5.750%, 

7/15/2027

i

236,225

Novelis

Corporation

230,000

5.875%, 

9/30/2026

i

240,925

70,000

4.750%, 

1/30/2030

i

73,500

OCI

NV

200,000

4.625%, 

10/15/2025

i

206,965

Olin

Corporation

220,000

5.125%, 

9/15/2027

228,250

Sherwin-Williams

Company

207,000

3.125%, 

6/1/2024

223,634

Steel

Dynamics,

Inc.

400,000

1.650%, 

10/15/2027

409,696

Syngenta

Finance

NV

275,000

3.933%, 

4/23/2021

i

276,162

Teck

Resources,

Ltd.

350,000

6.125%, 

10/1/2035

445,533

Tronox

Finance

plc

100,000

5.750%, 

10/1/2025

i

102,500

Vale

Overseas,

Ltd.

130,000

6.250%, 

8/10/2026

159,575

77,000

6.875%, 

11/21/2036

110,345

Venator

Finance

SARL

90,000

5.750%, 

7/15/2025

i

88,875

WestRock

Company

215,000

3.750%, 

3/15/2025

239,039

Xstrata

Finance

Canada,

Ltd.

9,000

4.950%, 

11/15/2021

i

9,311

Total

7,098,152

Capital

Goods

(0.3%)

AECOM

295,000

5.125%, 

3/15/2027

330,016

Amsted

Industries,

Inc.

280,000

5.625%, 

7/1/2027

i

295,400

Ardagh

Packaging

Finance

plc

280,000

5.250%, 

8/15/2027

i

290,231

BAE

Systems

plc

475,000

1.900%, 

2/15/2031

i

473,965

Berry

Global,

Inc.

170,000

4.875%, 

7/15/2026

i

181,985

Boeing

Company

150,000

5.930%, 

5/1/2060

201,502

250,000

5.040%, 

5/1/2027

291,219

175,000

5.150%, 

5/1/2030

207,804

400,000

5.705%, 

5/1/2040

507,323

Carrier

Global

Corporation

425,000

2.700%, 

2/15/2031

449,511

Cintas

Corporation

No.

2

9,000

2.900%, 

4/1/2022

9,248

135,000

3.700%, 

4/1/2027

155,044

CNH

Industrial

Capital,

LLC

200,000

4.875%, 

4/1/2021

201,440

CNH

Industrial

NV

125,000

3.850%, 

11/15/2027

143,287

Covanta

Holding

Corporation

210,000

6.000%, 

1/1/2027

219,356

45,000

5.000%, 

9/1/2030

47,250

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

185

Principal

Amount

Long-Term

Fixed

Income

(16.2%)

Value

Capital

Goods

(0.3%)

-

continued

Crown

Americas

Capital

Corporation

IV

$

280,000

4.500%, 

1/15/2023

$

293,650

Crown

Cork

&

Seal

Company,

Inc.

110,000

7.375%, 

12/15/2026

133,650

Emerson

Electric

Company

450,000

1.800%, 

10/15/2027

470,528

GFL

Environmental,

Inc.

40,000

4.000%, 

8/1/2028

i

39,600

190,000

3.500%, 

9/1/2028

i

186,973

H&E

Equipment

Services,

Inc.

220,000

3.875%, 

12/15/2028

i

218,933

Howmet

Aerospace,

Inc.

160,000

6.875%, 

5/1/2025

186,400

Ingersoll-Rand

Luxembourg

Finance

SA

200,000

3.500%, 

3/21/2026

223,918

Jeld-Wen,

Inc.

140,000

6.250%, 

5/15/2025

i

150,150

30,000

4.625%, 

12/15/2025

i

30,600

L3Harris

Technologies,

Inc.

333,000

3.950%, 

5/28/2024

364,775

Lockheed

Martin

Corporation

168,000

4.500%, 

5/15/2036

217,966

46,000

6.150%, 

9/1/2036

69,122

Northrop

Grumman

Corporation

320,000

3.850%, 

4/15/2045

373,992

Owens-Brockway

Glass

Container,

Inc.

120,000

5.875%, 

8/15/2023

i

128,400

Republic

Services,

Inc.

130,000

2.900%, 

7/1/2026

141,860

Reynolds

Group

Issuer,

Inc.

15,000

5.125%, 

7/15/2023

i

15,186

Roper

Technologies,

Inc.

70,000

3.650%, 

9/15/2023

75,664

116,000

4.200%, 

9/15/2028

136,399

225,000

1.750%, 

2/15/2031

220,947

SRM

Escrow

Issuer,

LLC

200,000

6.000%, 

11/1/2028

i

210,160

Standard

Industries,

Inc.

330,000

4.375%, 

7/15/2030

i

350,213

Textron,

Inc.

300,000

3.375%, 

3/1/2028

325,441

TransDigm,

Inc.

115,000

6.250%, 

3/15/2026

i

121,636

320,000

5.500%, 

11/15/2027

328,384

30,000

4.625%, 

1/15/2029

i

29,794

United

Rentals

North

America,

Inc.

430,000

4.000%, 

7/15/2030

453,521

United

Technologies

Corporation

225,000

4.450%, 

11/16/2038

275,608

400,000

3.750%, 

11/1/2046

459,331

WESCO

Distribution,

Inc.

130,000

7.250%, 

6/15/2028

i

146,037

Total

10,383,419

Collateralized

Mortgage

Obligations

(0.6%)

Ajax

Mortgage

Loan

Trust

578,229

4.360%, 

9/25/2065,

Ser.

2018-C,

Class

A

b,i

586,219

Principal

Amount

Long-Term

Fixed

Income

(16.2%)

Value

Collateralized

Mortgage

Obligations

(0.6%)

-

continued

Angel

Oak

Mortgage

Trust

I,

LLC

$

509,198

3.674%, 

7/27/2048,

Ser.

2018-2,

Class

A1

b,i

$

516,667

Banc

of

America

Alternative

Loan

Trust

20,308

6.000%, 

11/25/2035,

Ser.

2005-10,

Class

3CB1

19,417

Bellemeade

Re,

Ltd.

112,009

1.730%, 

(LIBOR

1M

+

1.600%),

4/25/2028,

Ser.

2018-1A,

Class

M1B

b,i

112,116

157,001

1.230%, 

(LIBOR

1M

+

1.100%),

7/25/2029,

Ser.

2019-3A,

Class

M1A

b,i

157,033

214,204

2.780%, 

(LIBOR

1M

+

2.650%),

6/25/2030,

Ser.

2020-1A,

Class

M1A

b,i

214,716

BRAVO

Residential

Funding

Trust

307,513

3.500%, 

3/25/2058,

Ser.

2019-1,

Class

A1C

i

317,081

775,000

1.991%, 

1/25/2024,

Ser.

2021-A,

Class

A1

i,j

774,988

Business

Jet

Securities,

LLC

529,202

2.981%, 

11/15/2035,

Ser.

2020-1A,

Class

A

i

537,079

CHL

Mortgage

Pass-Through

Trust

1,281,692

6.000%, 

11/25/2037,

Ser.

2007-18,

Class

1A2

1,001,501

CIM

Trust

661,623

5.000%, 

12/25/2057,

Ser.

2018-R3,

Class

A1

b,i

703,921

Citicorp

Mortgage

Securities,

Inc.

447,316

6.000%, 

7/25/2037,

Ser.

2007-6,

Class

1A4

440,428

Citigroup

Mortgage

Loan

Trust,

Inc.

91,543

5.500%, 

11/25/2035,

Ser.

2005-9,

Class

21A2

93,497

4,443

3.734%, 

3/25/2037,

Ser.

2007-AR4,

Class

2A1A

b

3,909

Countrywide

Alternative

Loan

Trust

69,838

2.712%, 

10/25/2035,

Ser.

2005-43,

Class

4A1

b

67,727

119,022

6.500%, 

8/25/2036,

Ser.

2006-23CB,

Class

2A3

64,768

320,365

7.000%, 

10/25/2037,

Ser.

2007-24,

Class

A10

174,480

Countrywide

Home

Loan

Mortgage

Pass

Through

Trust

42,547

2.711%, 

11/25/2035,

Ser.

2005-22,

Class

2A1

b

40,498

Countrywide

Home

Loans,

Inc.

103,178

5.750%, 

4/25/2037,

Ser.

2007-3,

Class

A27

74,322

Credit

Suisse

First

Boston

Mortgage

Securities

Corporation

15,794

5.250%, 

10/25/2035,

Ser.

2005-9,

Class

1A3

15,791

Credit

Suisse

Mortgage

Trust

305,147

3.453%, 

3/25/2026,

Ser.

2020-BPL2,

Class

A1

i

304,897

664,733

3.850%, 

9/25/2057,

Ser.

2018-RPL9,

Class

A1

b,i

710,319

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

186

Principal

Amount

Long-Term

Fixed

Income

(16.2%)

Value

Collateralized

Mortgage

Obligations

(0.6%)

-

continued

$

1,490,269

3.496%, 

2/25/2060,

Ser.

2020-RPL2,

Class

A12

b,i

$

1,515,362

Deutsche

Alt-A

Securities,

Inc.,

Mortgage

Loan

Trust

37,117

6.000%, 

10/25/2021,

Ser.

2006-AR5,

Class

23A

32,468

Federal

Home

Loan

Mortgage

Corporation

-

REMIC

6,399,991

2.000%, 

11/25/2050,

Ser.

5038,

Class

NI

k

757,047

211,029

4.000%, 

7/15/2031,

Ser.

4104,

Class

KI

k

11,391

191,184

3.000%, 

2/15/2033,

Ser.

4170,

Class

IG

k

18,798

595,967

3.000%, 

3/15/2033,

Ser.

4180,

Class

PI

k

63,325

Federal

National

Mortgage

Association

8,933,471

1.500%, 

11/25/2035,

Ser.

2020-99,

Class

IG

k

505,213

Federal

National

Mortgage

Association

-

REMIC

1,073,218

3.000%, 

12/25/2027,

Ser.

2012-137,

Class

AI

k

62,302

FWD

Securitization

Trust

1,027,172

2.810%, 

6/25/2049,

Ser.

2019-INV1,

Class

A1

b,i

1,066,707

Galton

Funding

Mortgage

Trust

2017-1

198,222

4.500%, 

10/25/2058,

Ser.

2018-2,

Class

A41

b,i

201,708

GS

Mortgage-Backed

Securities

Trust

245,179

2.625%, 

1/25/2059,

Ser.

2019-SL1,

Class

A1

b,i

249,217

J.P.

Morgan

Alternative

Loan

Trust

76,934

6.500%, 

3/25/2036,

Ser.

2006-S1,

Class

1A19

61,270

MASTR

Alternative

Loans

Trust

191,158

0.580%, 

(LIBOR

1M

+

0.450%),

12/25/2035,

Ser.

2005-6,

Class

2A1

b

29,124

Merrill

Lynch

Alternative

Note

Asset

Trust

94,433

6.000%, 

3/25/2037,

Ser.

2007-F1,

Class

2A1

60,330

MFRA

Trust

337,629

4.164%, 

7/25/2048,

Ser.

2018-NPL2,

Class

A1

i,j

338,774

New

Residential

Mortgage

Loan

Trust

470,304

4.335%, 

7/25/2060,

Ser.

2020-NPL1,

Class

A1

i,j

477,779

New

York

Mortgage

Trust

580,653

2.944%, 

10/25/2060,

Ser.

2020-SP2,

Class

A1

b,i

584,288

Octagon

Investment

Partners

32,

Ltd.

300,000

2.491%, 

(LIBOR

3M

+

2.250%),

7/15/2029,

Ser.

2017-1A,

Class

C

b,i

300,112

Principal

Amount

Long-Term

Fixed

Income

(16.2%)

Value

Collateralized

Mortgage

Obligations

(0.6%)

-

continued

Preston

Ridge

Partners

Mortgage

Trust,

LLC

$

471,483

3.500%, 

10/25/2024,

Ser.

2019-GS1,

Class

A1

b,i

$

477,387

419,460

2.857%, 

9/25/2025,

Ser.

2020-3,

Class

A1

i,j

423,109

RCO

Mortgage,

LLC

849,364

3.475%, 

11/25/2024,

Ser.

2019-2,

Class

A1

i,j

851,516

Residential

Accredit

Loans,

Inc.

Trust

195,060

6.000%, 

8/25/2035,

Ser.

2005-QS10,

Class

2A

193,886

28,519

5.750%, 

9/25/2035,

Ser.

2005-QS13,

Class

2A3

28,538

Residential

Funding

Mortgage

Security

I

Trust

29,718

6.000%, 

7/25/2037,

Ser.

2007-S7,

Class

A20

28,009

Sequoia

Mortgage

Trust

150,221

3.116%, 

9/20/2046,

Ser.

2007-1,

Class

4A1

b

117,137

Silver

Hill

Trust

280,725

3.102%, 

11/25/2049,

Ser.

2019-SBC1,

Class

A1

b,i

293,067

Starwood

Mortgage

Residential

Trust

195,265

2.718%, 

4/25/2060,

Ser.

2020-2,

Class

A1

b,i

198,483

Structured

Adjustable

Rate

Mortgage

Loan

Trust

33,834

3.201%, 

9/25/2035,

Ser.

2005-18,

Class

1A1

b

27,397

Structured

Asset

Mortgage

Investments,

Inc.

48,281

0.750%, 

(LIBOR

1M

+

0.620%),

12/25/2035,

Ser.

2005-AR4,

Class

A1

b

46,037

Toorak

Mortgage

Corporation

1,250,000

4.458%, 

3/25/2022,

Ser.

2019-1,

Class

A1

i,j

1,269,056

2,000,000

3.721%, 

9/25/2022,

Ser.

2019-2,

Class

A1

2,029,108

400,000

2.734%, 

3/25/2023,

Ser.

2020-1,

Class

A1

i,j

401,390

Verus

Securitization

Trust

77,415

3.836%, 

2/25/2059,

Ser.

2019-1,

Class

A1

b,i

77,913

169,468

3.345%, 

5/25/2059,

Ser.

2019-2,

Class

A2

b,i

170,852

532,417

2.913%, 

7/25/2059,

Ser.

2019-INV2,

Class

A1

b,i

544,958

426,625

2.947%, 

11/25/2059,

Ser.

2019-INV3,

Class

A2

b,i

437,855

348,117

1.977%, 

3/25/2060,

Ser.

2020-INV1,

Class

A1

b,i

353,781

1,081,137

3.626%, 

4/25/2060,

Ser.

2020-3,

Class

A1

b,i

1,103,331

WaMu

Mortgage

Pass

Through

Certificates

42,937

3.014%, 

9/25/2036,

Ser.

2006-AR10,

Class

1A2

b

41,567

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

187

Principal

Amount

Long-Term

Fixed

Income

(16.2%)

Value

Collateralized

Mortgage

Obligations

(0.6%)

-

continued

$

90,024

3.037%, 

10/25/2036,

Ser.

2006-AR12,

Class

1A1

b

$

89,402

Total

22,470,368

Commercial

Mortgage-Backed

Securities

(0.1%)

BBCMS

Mortgage

Trust

3,596,792

1.976%, 

10/15/2053,

Ser.

2020-C8,

Class

XA

b,k

494,686

BFLD

Trust

550,000

1.276%, 

(LIBOR

1M

+

1.150%),

10/15/2035,

Ser.

2020-EYP,

Class

A

b,i

555,499

200,000

1.826%, 

(LIBOR

1M

+

1.700%),

10/15/2035,

Ser.

2020-EYP,

Class

B

b,i

202,120

Federal

Home

Loan

Mortgage

Corporation

Multifamily

Structured

Pass

Through

Certificates

375,151

3.000%, 

3/15/2045,

Ser.

4741,

Class

GA

387,864

Federal

National

Mortgage

Association

-

ACES

5,998,007

1.895%, 

12/25/2028,

Ser.

2020-M11,

Class

IO

b,k

671,349

GS

Mortgage

Securities

Trust

700,000

3.666%, 

9/10/2047,

Ser.

2014-GC24,

Class

A4

754,374

800,000

3.470%, 

11/10/2048,

Ser.

2015-GS1,

Class

A2

863,222

Morgan

Stanley

Capital

I

Trust

3,745,678

1.973%, 

7/15/2053,

Ser.

2020-HR8,

Class

XA

b,k

533,968

Total

4,463,082

Communications

Services

(0.6%)

Altice

France

SA

130,000

5.500%, 

1/15/2028

i

135,362

AMC

Networks,

Inc.

160,000

4.250%, 

2/15/2029

d

159,282

American

Tower

Corporation

290,000

2.900%, 

1/15/2030

308,345

450,000

2.100%, 

6/15/2030

453,166

AT&T,

Inc.

169,000

3.500%, 

9/15/2053

i

162,832

450,000

2.300%, 

6/1/2027

475,190

550,000

4.350%, 

3/1/2029

645,784

97,000

4.300%, 

2/15/2030

113,800

180,000

5.250%, 

3/1/2037

226,941

180,000

4.900%, 

8/15/2037

219,420

125,000

5.550%, 

8/15/2041

163,736

500,000

3.100%, 

2/1/2043

486,480

British

Telecommunications

plc

425,000

4.500%, 

12/4/2023

470,487

Cable

One,

Inc.

70,000

4.000%, 

11/15/2030

i

71,819

CCO

Holdings,

LLC

275,000

5.500%, 

5/1/2026

i

284,820

190,000

5.125%, 

5/1/2027

i

199,777

390,000

4.750%, 

3/1/2030

i

414,851

60,000

4.500%, 

8/15/2030

i

63,187

Principal

Amount

Long-Term

Fixed

Income

(16.2%)

Value

Communications

Services

(0.6%)

-

continued

Charter

Communications

Operating,

LLC

$

77,000

6.834%, 

10/23/2055

$

112,270

200,000

4.500%, 

2/1/2024

221,548

250,000

4.200%, 

3/15/2028

283,951

640,000

6.484%, 

10/23/2045

874,778

Comcast

Corporation

225,000

4.049%, 

11/1/2052

274,587

245,000

3.950%, 

10/15/2025

279,312

400,000

4.250%, 

10/15/2030

482,636

360,000

4.400%, 

8/15/2035

446,090

243,000

4.750%, 

3/1/2044

321,248

150,000

4.600%, 

8/15/2045

194,478

Cox

Communications,

Inc.

250,000

3.350%, 

9/15/2026

i

278,142

Crown

Castle

International

Corporation

120,000

5.250%, 

1/15/2023

130,834

184,000

3.200%, 

9/1/2024

198,922

CSC

Holdings,

LLC

190,000

5.500%, 

5/15/2026

i

197,070

90,000

4.125%, 

12/1/2030

i

92,016

290,000

4.625%, 

12/1/2030

i

295,800

Cumulus

Media

New

Holdings,

Inc.

120,000

6.750%, 

7/1/2026

i

121,800

Discovery

Communications,

LLC

230,000

4.900%, 

3/11/2026

269,038

Embarq

Corporation

200,000

7.995%, 

6/1/2036

245,068

Entercom

Media

Corporation

110,000

6.500%, 

5/1/2027

i

112,750

Fox

Corporation

270,000

3.500%, 

4/8/2030

g

304,134

Front

Range

BidCo,

Inc.

270,000

4.000%, 

3/1/2027

i

270,761

Frontier

Communications

Corporation

90,000

5.875%, 

10/15/2027

i

96,723

GCI,

LLC

120,000

4.750%, 

10/15/2028

i

125,063

Hughes

Satellite

Systems

Corporation

70,000

6.625%, 

8/1/2026

79,174

iHeartCommunications,

Inc.

120,000

4.750%, 

1/15/2028

i

122,550

LCPR

Senior

Secured

Financing

DAC

110,000

6.750%, 

10/15/2027

i

118,275

Level

3

Financing,

Inc.

330,000

4.625%, 

9/15/2027

i

342,840

240,000

4.250%, 

7/1/2028

i

245,930

Meredith

Corporation

170,000

6.500%, 

7/1/2025

i

179,988

Netflix,

Inc.

400,000

4.875%, 

4/15/2028

468,228

Nexstar

Escrow

Corporation

170,000

5.625%, 

7/15/2027

i

180,448

Nielsen

Finance,

LLC

60,000

5.625%, 

10/1/2028

i

64,120

Omnicom

Group,

Inc.

85,000

3.600%, 

4/15/2026

95,833

135,000

4.200%, 

6/1/2030

159,673

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

188

Principal

Amount

Long-Term

Fixed

Income

(16.2%)

Value

Communications

Services

(0.6%)

-

continued

SBA

Communications

Corporation

$

140,000

3.875%, 

2/15/2027

$

146,203

120,000

3.125%, 

2/1/2029

i

119,700

Scripps

Escrow

II,

Inc.

90,000

3.875%, 

1/15/2029

i

90,000

SFR

Group

SA

310,000

7.375%, 

5/1/2026

i

324,245

Sinclair

Television

Group,

Inc.

180,000

5.500%, 

3/1/2030

i

185,510

Sirius

XM

Radio,

Inc.

310,000

5.000%, 

8/1/2027

i

325,821

140,000

4.125%, 

7/1/2030

i

144,255

Sprint

Capital

Corporation

120,000

6.875%, 

11/15/2028

154,050

90,000

8.750%, 

3/15/2032

137,475

Sprint

Corporation

405,000

7.625%, 

2/15/2025

483,975

Telefonica

Emisiones

SAU

375,000

4.570%, 

4/27/2023

408,964

Time

Warner

Entertainment

Company,

LP

51,000

8.375%, 

3/15/2023

59,338

T-Mobile

USA,

Inc.

475,000

3.750%, 

4/15/2027

i

533,810

130,000

2.625%, 

2/15/2029

130,472

230,000

2.875%, 

2/15/2031

231,870

400,000

4.375%, 

4/15/2040

i

468,412

United

States

Cellular

Corporation

110,000

6.700%, 

12/15/2033

142,185

Univision

Communications,

Inc.

230,000

6.625%, 

6/1/2027

i

242,075

VeriSign,

Inc.

110,000

4.750%, 

7/15/2027

116,885

Verizon

Communications,

Inc.

842,000

4.272%, 

1/15/2036

1,024,791

425,000

2.650%, 

11/20/2040

414,207

Viacom,

Inc.

126,000

5.850%, 

9/1/2043

171,249

ViaSat,

Inc.

180,000

5.625%, 

9/15/2025

i

184,104

Virgin

Media

Secured

Finance

plc

150,000

5.500%, 

8/15/2026

i

156,563

Vodafone

Group

plc

150,000

4.875%, 

6/19/2049

193,205

VTR

Finance

NV

90,000

6.375%, 

7/15/2028

i

97,439

Walt

Disney

Company

500,000

2.200%, 

1/13/2028

528,269

475,000

2.650%, 

1/13/2031

512,757

300,000

3.500%, 

5/13/2040

337,988

Ziggo

BV

180,000

5.500%, 

1/15/2027

i

187,633

Total

21,594,807

Consumer

Cyclical

(0.6%)

1011778

B.C.,

ULC

360,000

4.375%, 

1/15/2028

i

367,200

Allied

Universal

Holdco,

LLC

140,000

6.625%, 

7/15/2026

i

149,968

Allison

Transmission,

Inc

180,000

3.750%, 

1/30/2031

i

179,006

Amazon.com,

Inc.

450,000

1.500%, 

6/3/2030

448,503

Principal

Amount

Long-Term

Fixed

Income

(16.2%)

Value

Consumer

Cyclical

(0.6%)

-

continued

$

230,000

3.875%, 

8/22/2037

$

279,961

138,000

4.050%, 

8/22/2047

174,666

American

Axle

&

Manufacturing,

Inc.

200,000

6.500%, 

4/1/2027

g

209,210

American

Honda

Finance

Corporation

450,000

2.150%, 

9/10/2024

475,403

Brookfield

Property

REIT,

Inc.

70,000

5.750%, 

5/15/2026

i

72,652

Brookfield

Residential

Properties,

Inc.

270,000

6.250%, 

9/15/2027

i

284,850

Carnival

Corporation

120,000

11.500%, 

4/1/2023

i

136,151

90,000

10.500%, 

2/1/2026

i

104,400

40,000

7.625%, 

3/1/2026

i

42,300

Cedar

Fair,

LP

180,000

5.250%, 

7/15/2029

180,164

Colt

Merger

Sub,

Inc.

280,000

6.250%, 

7/1/2025

i

295,096

CVS

Health

Corporation

450,000

3.625%, 

4/1/2027

509,019

D.R.

Horton,

Inc.

300,000

2.600%, 

10/15/2025

321,318

Dana,

Inc.

180,000

5.625%, 

6/15/2028

191,924

Empire

Communities

Corporation

100,000

7.000%, 

12/15/2025

i

105,570

Ford

Motor

Company

80,000

9.000%, 

4/22/2025

97,500

40,000

9.625%, 

4/22/2030

56,688

160,000

7.450%, 

7/16/2031

204,400

Ford

Motor

Credit

Company,

LLC

450,000

4.063%, 

11/1/2024

468,513

350,000

4.134%, 

8/4/2025

367,540

Gap,

Inc.

80,000

8.625%, 

5/15/2025

i

89,576

General

Motors

Company

450,000

6.125%, 

10/1/2025

542,053

450,000

6.800%, 

10/1/2027

578,418

General

Motors

Financial

Company,

Inc.

9,000

4.375%, 

9/25/2021

9,228

151,000

3.150%, 

6/30/2022

156,040

84,000

3.950%, 

4/13/2024

91,464

Hanesbrands,

Inc.

250,000

4.875%, 

5/15/2026

i

270,625

Herc

Holdings,

Inc.

110,000

5.500%, 

7/15/2027

i

115,962

Hilton

Domestic

Operating

Company,

Inc.

390,000

4.875%, 

1/15/2030

420,391

Home

Depot,

Inc.

215,000

5.400%, 

9/15/2040

303,516

126,000

4.250%, 

4/1/2046

160,507

730,000

3.900%, 

6/15/2047

893,518

Hyundai

Capital

America

225,000

1.250%, 

9/18/2023

i

227,280

300,000

1.800%, 

1/10/2028

i

298,840

International

Game

Technology

plc

190,000

5.250%, 

1/15/2029

i

202,825

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

189

Principal

Amount

Long-Term

Fixed

Income

(16.2%)

Value

Consumer

Cyclical

(0.6%)

-

continued

KB

Home

$

150,000

4.800%, 

11/15/2029

$

165,219

Kohl's

Corporation

225,000

9.500%, 

5/15/2025

291,029

225,000

5.550%, 

7/17/2045

247,030

L

Brands,

Inc.

190,000

6.625%, 

10/1/2030

i

212,691

40,000

6.875%, 

11/1/2035

46,372

Landry's,

Inc.

150,000

6.750%, 

10/15/2024

i

150,345

Lennar

Corporation

200,000

4.875%, 

12/15/2023

220,500

375,000

4.750%, 

5/30/2025

427,729

Live

Nation

Entertainment,

Inc.

90,000

3.750%, 

1/15/2028

i

90,806

Mastercard,

Inc.

320,000

3.950%, 

2/26/2048

398,009

Mattamy

Group

Corporation

255,000

5.250%, 

12/15/2027

i

268,387

McDonald's

Corporation

450,000

2.125%, 

3/1/2030

464,302

275,000

4.450%, 

3/1/2047

342,494

MGM

Resorts

International

290,000

6.000%, 

3/15/2023

309,575

20,000

5.750%, 

6/15/2025

21,886

Norwegian

Cruise

Line

Holdings,

Ltd.

90,000

10.250%, 

2/1/2026

i

104,400

Owl

Rock

Capital

Corporation

350,000

3.400%, 

7/15/2026

358,814

PetSmart,

Inc.

100,000

4.750%, 

2/15/2028

102,250

70,000

7.750%, 

2/15/2029

72,625

Prime

Security

Services

Borrower,

LLC

360,000

5.750%, 

4/15/2026

i

394,128

70,000

3.375%, 

8/31/2027

i

69,093

Realogy

Group,

LLC

110,000

5.750%, 

1/15/2029

i

112,337

Royal

Caribbean

Cruises,

Ltd.

170,000

9.125%, 

6/15/2023

i

183,387

70,000

11.500%, 

6/1/2025

i

80,712

Scientific

Games

International,

Inc.

200,000

5.000%, 

10/15/2025

i

206,016

SeaWorld

Parks

and

Entertainment,

Inc.

90,000

9.500%, 

8/1/2025

i

96,525

Six

Flags

Entertainment

Corporation

120,000

5.500%, 

4/15/2027

g,i

121,110

Six

Flags

Theme

Parks,

Inc.

80,000

7.000%, 

7/1/2025

i

86,200

Staples,

Inc.

220,000

7.500%, 

4/15/2026

i

224,420

Target

Corporation

425,000

2.250%, 

4/15/2025

452,846

Tenneco,

Inc.

90,000

5.000%, 

7/15/2026

83,025

TJX

Companies,

Inc.

200,000

3.750%, 

4/15/2027

230,638

270,000

3.875%, 

4/15/2030

316,395

ViacomCBS,

Inc.

500,000

4.200%, 

5/19/2032

592,366

Principal

Amount

Long-Term

Fixed

Income

(16.2%)

Value

Consumer

Cyclical

(0.6%)

-

continued

Visa,

Inc.

$

225,000

2.700%, 

4/15/2040

$

236,166

Volkswagen

Group

of

America

Finance,

LLC

250,000

4.250%, 

11/13/2023

i

274,418

Walmart,

Inc.

400,000

3.250%, 

7/8/2029

457,935

Wyndham

Destinations,

Inc.

110,000

6.625%, 

7/31/2026

i

122,848

Wyndham

Hotels

&

Resorts,

Inc.

70,000

4.375%, 

8/15/2028

i

70,700

Yum!

Brands,

Inc.

290,000

4.750%, 

1/15/2030

i

311,025

ZF

North

America

Capital,

Inc.

90,000

4.750%, 

4/29/2025

i

97,618

Total

19,196,616

Consumer

Non-Cyclical

(0.8%)

Abbott

Laboratories

80,000

3.400%, 

11/30/2023

86,373

79,000

3.750%, 

11/30/2026

91,519

381,000

4.750%, 

11/30/2036

512,414

AbbVie,

Inc.

6,000

2.900%, 

11/6/2022

6,259

275,000

2.950%, 

11/21/2026

302,543

400,000

4.300%, 

5/14/2036

486,663

140,000

4.850%, 

6/15/2044

179,063

105,000

4.700%, 

5/14/2045

132,288

750,000

4.875%, 

11/14/2048

986,429

Albertson's

Companies,

Inc.

220,000

7.500%, 

3/15/2026

i

242,550

225,000

3.500%, 

3/15/2029

i

222,187

Altria

Group,

Inc.

705,000

5.800%, 

2/14/2039

911,840

Amgen,

Inc.

450,000

3.375%, 

2/21/2050

482,914

125,000

3.125%, 

5/1/2025

136,875

Anheuser-Busch

Companies,

LLC

185,000

3.650%, 

2/1/2026

207,581

336,000

4.700%, 

2/1/2036

415,012

Anheuser-Busch

InBev

Worldwide,

Inc.

550,000

4.750%, 

4/15/2058

684,207

290,000

4.375%, 

4/15/2038

345,378

30,000

4.600%, 

4/15/2048

36,431

Anthem,

Inc.

360,000

3.125%, 

5/15/2050

377,198

230,000

4.625%, 

5/15/2042

291,548

Aramark

Services,

Inc.

90,000

6.375%, 

5/1/2025

i

95,679

AstraZeneca

plc

320,000

1.375%, 

8/6/2030

309,063

BAT

Capital

Corporation

184,000

4.540%, 

8/15/2047

200,740

Bausch

Health

Companies,

Inc.

50,000

5.000%, 

1/30/2028

i

51,515

200,000

5.000%, 

2/15/2029

i

204,731

Baxalta,

Inc.

118,000

4.000%, 

6/23/2025

132,648

Becton,

Dickinson

and

Company

225,000

3.794%, 

5/20/2050

260,017

196,000

3.734%, 

12/15/2024

216,721

225,000

3.700%, 

6/6/2027

257,722

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

190

Principal

Amount

Long-Term

Fixed

Income

(16.2%)

Value

Consumer

Non-Cyclical

(0.8%)

-

continued

Campbell

Soup

Company

$

135,000

2.375%, 

4/24/2030

$

140,176

Cargill,

Inc.

275,000

3.250%, 

5/23/2029

i

309,860

Centene

Corporation

60,000

4.750%, 

1/15/2025

61,557

60,000

4.250%, 

12/15/2027

63,473

150,000

4.625%, 

12/15/2029

166,306

270,000

3.000%, 

10/15/2030

282,406

Central

Garden

&

Pet

Company

160,000

4.125%, 

10/15/2030

167,265

Cigna

Corporation

400,000

4.800%, 

8/15/2038

508,627

Clorox

Company

300,000

3.100%, 

10/1/2027

338,024

Community

Health

Systems,

Inc.

90,000

6.000%, 

1/15/2029

i

95,625

170,000

6.875%, 

4/15/2029

d,i

171,912

Conagra

Brands,

Inc.

230,000

4.300%, 

5/1/2024

256,050

Constellation

Brands,

Inc.

210,000

3.600%, 

2/15/2028

238,122

180,000

2.875%, 

5/1/2030

193,727

CVS

Health

Corporation

6,000

2.750%, 

12/1/2022

6,223

550,000

4.875%, 

7/20/2035

692,665

DaVita,

Inc.

220,000

4.625%, 

6/1/2030

i

231,070

DENTSPLY

SIRONA,

Inc.

200,000

3.250%, 

6/1/2030

219,813

Edgewell

Personal

Care

Company

90,000

5.500%, 

6/1/2028

i

96,276

Encompass

Health

Corporation

240,000

4.500%, 

2/1/2028

249,900

Energizer

Holdings,

Inc.

290,000

4.750%, 

6/15/2028

i

302,238

General

Mills,

Inc.

240,000

2.875%, 

4/15/2030

260,888

Gilead

Sciences,

Inc.

775,000

2.600%, 

10/1/2040

759,603

H.

J.

Heinz

Company

40,000

5.200%, 

7/15/2045

46,521

HCA,

Inc.

490,000

5.375%, 

2/1/2025

550,143

400,000

5.500%, 

6/15/2047

518,376

HLF

Financing

SARL,

LLC

130,000

7.250%, 

8/15/2026

i

137,272

Imperial

Brands

Finance

plc

475,000

3.875%, 

7/26/2029

i

532,214

JBS

Investments

II

GmbH

110,000

5.750%, 

1/15/2028

i

116,609

JBS

USA,

LLC

170,000

5.500%, 

1/15/2030

i

193,103

Kellogg

Company

500,000

2.100%, 

6/1/2030

518,086

Keurig

Dr.

Pepper,

Inc.

375,000

3.200%, 

5/1/2030

416,075

Kimberly-Clark

Corporation

270,000

3.100%, 

3/26/2030

304,729

230,000

3.900%, 

5/4/2047

288,654

Kraft

Foods

Group,

Inc.

210,000

5.000%, 

6/4/2042

242,714

Principal

Amount

Long-Term

Fixed

Income

(16.2%)

Value

Consumer

Non-Cyclical

(0.8%)

-

continued

Kraft

Heinz

Foods

Company

$

350,000

4.625%, 

1/30/2029

$

399,799

310,000

3.750%, 

4/1/2030

332,766

Medtronic,

Inc.

13,000

4.625%, 

3/15/2045

17,872

Molina

Healthcare,

Inc.

160,000

4.375%, 

6/15/2028

i

166,715

Mondelez

International,

Inc.

150,000

2.750%, 

4/13/2030

162,126

MPH

Acquisition

Holdings,

LLC

90,000

5.750%, 

11/1/2028

g,i

89,212

Mylan,

Inc.

380,000

4.550%, 

4/15/2028

450,474

Par

Pharmaceutical,

Inc.

200,000

7.500%, 

4/1/2027

i

215,664

Pilgrim's

Pride

Corporation

80,000

5.875%, 

9/30/2027

i

85,136

Quest

Diagnostics,

Inc.

500,000

2.800%, 

6/30/2031

542,167

Reynolds

American,

Inc.

257,000

5.700%, 

8/15/2035

321,584

Roche

Holdings,

Inc.

130,000

4.000%, 

11/28/2044

i

167,013

Scotts

Miracle-Gro

Company

220,000

4.500%, 

10/15/2029

235,950

SEG

Holding,

LLC

180,000

5.625%, 

10/15/2028

i

191,880

Simmons

Foods,

Inc.

135,000

5.750%, 

11/1/2024

i

138,881

Smithfield

Foods,

Inc.

165,000

2.650%, 

10/3/2021

i

166,363

Spectrum

Brands,

Inc.

70,000

5.000%, 

10/1/2029

i

74,082

70,000

5.500%, 

7/15/2030

i

75,250

Syneos

Health,

Inc.

80,000

3.625%, 

1/15/2029

i

79,976

Sysco

Corporation

375,000

6.600%, 

4/1/2040

538,736

Teleflex,

Inc.

230,000

4.625%, 

11/15/2027

243,195

Tenet

Healthcare

Corporation

100,000

4.625%, 

7/15/2024

101,780

300,000

5.125%, 

11/1/2027

i

316,158

Teva

Pharmaceutical

Finance

Netherlands

III

BV

3,000

2.200%, 

7/21/2021

2,997

220,000

2.800%, 

7/21/2023

218,108

Thermo

Fisher

Scientific,

Inc.

270,000

4.133%, 

3/25/2025

305,468

Tyson

Foods,

Inc.

92,000

3.550%, 

6/2/2027

104,716

UnitedHealth

Group,

Inc.

250,000

2.950%, 

10/15/2027

277,695

755,000

4.625%, 

7/15/2035

982,087

VRX

Escrow

Corporation

450,000

6.125%, 

4/15/2025

i

461,052

Zoetis,

Inc.

288,000

4.700%, 

2/1/2043

382,292

Total

26,389,604

Energy

(0.5%)

Antero

Midstream

Partners,

LP

70,000

5.750%, 

3/1/2027

i

69,812

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

191

Principal

Amount

Long-Term

Fixed

Income

(16.2%)

Value

Energy

(0.5%)

-

continued

Antero

Resources

Corporation

$

30,000

5.625%, 

6/1/2023

$

29,662

135,000

5.000%, 

3/1/2025

127,913

Apache

Corporation

80,000

4.875%, 

11/15/2027

82,200

140,000

4.375%, 

10/15/2028

139,390

110,000

5.100%, 

9/1/2040

111,382

Archrock

Partners,

LP

120,000

6.250%, 

4/1/2028

i

122,550

Blue

Racer

Midstream,

LLC

90,000

7.625%, 

12/15/2025

i

95,232

BP

Capital

Markets

America,

Inc.

425,000

2.939%, 

6/4/2051

410,168

250,000

3.543%, 

4/6/2027

283,420

Buckeye

Partners,

LP

40,000

4.125%, 

3/1/2025

i

40,550

125,000

3.950%, 

12/1/2026

125,911

Canadian

Natural

Resources,

Ltd.

200,000

3.450%, 

11/15/2021

203,176

140,000

2.050%, 

7/15/2025

145,070

215,000

2.950%, 

7/15/2030

223,864

Canadian

Oil

Sands,

Ltd.

125,000

9.400%, 

9/1/2021

i

129,603

Cenovus

Energy,

Inc.

60,000

5.375%, 

7/15/2025

67,796

40,000

6.750%, 

11/15/2039

51,813

Cheniere

Energy

Partners,

LP

425,000

5.625%, 

10/1/2026

442,149

Chevron

USA,

Inc.

600,000

5.050%, 

11/15/2044

811,886

CNX

Resources

Corporation

120,000

6.000%, 

1/15/2029

i

124,014

Comstock

Resources,

Inc.

100,000

9.750%, 

8/15/2026

106,500

ConocoPhillips

230,000

6.500%, 

2/1/2039

345,823

Continental

Resources,

Inc.

21,000

4.500%, 

4/15/2023

21,553

70,000

4.375%, 

1/15/2028

71,385

90,000

5.750%, 

1/15/2031

i

97,425

Diamondback

Energy,

Inc.

300,000

3.500%, 

12/1/2029

318,744

Enagas

SA

195,000

5.500%, 

1/15/2028

i

193,050

Encana

Corporation

70,000

6.625%, 

8/15/2037

84,276

Endeavor

Energy

Resources,

LP

170,000

5.750%, 

1/30/2028

i

180,200

Energy

Transfer

Operating,

LP

330,000

6.000%, 

6/15/2048

374,817

Energy

Transfer

Partners,

LP

90,000

4.900%, 

3/15/2035

97,776

125,000

5.150%, 

2/1/2043

128,397

EnLink

Midstream

Partners,

LP

140,000

4.850%, 

7/15/2026

135,946

125,000

5.600%, 

4/1/2044

100,313

Enterprise

Products

Operating,

LLC

48,000

5.100%, 

2/15/2045

59,812

EOG

Resources,

Inc.

10,000

2.625%, 

3/15/2023

10,414

375,000

4.375%, 

4/15/2030

445,886

Principal

Amount

Long-Term

Fixed

Income

(16.2%)

Value

Energy

(0.5%)

-

continued

EQM

Midstream

Partners,

LP

$

160,000

6.500%, 

7/1/2027

i

$

171,327

70,000

5.500%, 

7/15/2028

72,502

90,000

4.500%, 

1/15/2029

i

86,870

70,000

6.500%, 

7/15/2048

66,794

EQT

Corporation

240,000

3.900%, 

10/1/2027

249,300

Equinor

ASA

265,000

3.000%, 

4/6/2027

292,005

Exxon

Mobil

Corporation

400,000

3.452%, 

4/15/2051

435,031

Genesis

Energy,

LP

70,000

6.500%, 

10/1/2025

64,771

50,000

8.000%, 

1/15/2027

47,515

Harvest

Midstream,

LP

160,000

7.500%, 

9/1/2028

i

168,040

Hess

Midstream

Operations,

LP

110,000

5.625%, 

2/15/2026

i

114,171

Hilcorp

Energy

I,

LP

70,000

5.750%, 

2/1/2029

i

71,177

Kinder

Morgan

Energy

Partners,

LP

12,000

3.450%, 

2/15/2023

12,580

225,000

6.500%, 

9/1/2039

292,534

Magellan

Midstream

Partners,

LP

120,000

5.000%, 

3/1/2026

142,210

Marathon

Oil

Corporation

375,000

4.400%, 

7/15/2027

422,667

Marathon

Petroleum

Corporation

276,000

4.750%, 

12/15/2023

305,211

59,000

6.500%, 

3/1/2041

79,419

MEG

Energy

Corporation

130,000

5.875%, 

2/1/2029

d,i

129,025

MPLX,

LP

9,000

4.500%, 

7/15/2023

9,747

500,000

4.875%, 

12/1/2024

568,127

276,000

4.875%, 

6/1/2025

316,696

Murphy

Oil

Corporation

90,000

5.875%, 

12/1/2027

85,563

Newfield

Exploration

Company

270,000

5.625%, 

7/1/2024

293,828

210,000

5.375%, 

1/1/2026

229,432

NGL

Energy

Partners,

LP

90,000

7.500%, 

11/1/2023

82,125

NuStar

Logistics,

LP

130,000

5.750%, 

10/1/2025

137,800

Occidental

Petroleum

Corporation

50,000

3.450%, 

7/15/2024

48,000

270,000

2.900%, 

8/15/2024

261,225

120,000

3.400%, 

4/15/2026

115,912

80,000

8.500%, 

7/15/2027

93,976

160,000

3.500%, 

8/15/2029

148,459

90,000

6.450%, 

9/15/2036

98,764

230,000

4.400%, 

4/15/2046

202,577

ONEOK,

Inc.

360,000

2.200%, 

9/15/2025

374,792

Pioneer

Natural

Resources

Company

85,000

4.450%, 

1/15/2026

97,626

Plains

All

American

Pipeline,

LP

250,000

4.500%, 

12/15/2026

280,625

500,000

3.550%, 

12/15/2029

520,885

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

192

Principal

Amount

Long-Term

Fixed

Income

(16.2%)

Value

Energy

(0.5%)

-

continued

QEP

Resources,

Inc.

$

90,000

5.625%, 

3/1/2026

$

100,359

Range

Resources

Corporation

70,000

9.250%, 

2/1/2026

76,285

70,000

8.250%, 

1/15/2029

i

73,500

Sabine

Pass

Liquefaction,

LLC

71,000

6.250%, 

3/15/2022

74,442

166,000

5.625%, 

4/15/2023

181,565

185,000

5.750%, 

5/15/2024

211,718

Schlumberger

Holdings

Corporation

155,000

4.000%, 

12/21/2025

i

175,389

Southwestern

Energy

Company

140,000

7.500%, 

4/1/2026

146,272

Suncor

Energy,

Inc.

95,000

3.600%, 

12/1/2024

104,573

Sunoco

Logistics

Partners

Operations,

LP

10,000

4.400%, 

4/1/2021

10,032

345,000

4.000%, 

10/1/2027

380,216

Sunoco,

LP

140,000

5.875%, 

3/15/2028

148,400

70,000

4.500%, 

5/15/2029

i

71,547

Targa

Resources

Partners,

LP

110,000

5.375%, 

2/1/2027

113,681

Transocean

Guardian,

Ltd.

126,875

5.875%, 

1/15/2024

i

112,284

USA

Compression

Partners,

LP

70,000

6.875%, 

4/1/2026

73,164

W&T

Offshore,

Inc.

150,000

9.750%, 

11/1/2023

i

118,610

Weatherford

International,

Ltd.

130,000

8.750%, 

9/1/2024

i

133,900

Western

Gas

Partners,

LP

184,000

4.000%, 

7/1/2022

188,640

Western

Midstream

Operating,

LP

50,000

4.100%, 

2/1/2025

51,779

140,000

3.950%, 

6/1/2025

142,100

70,000

5.500%, 

8/15/2048

69,300

Williams

Companies,

Inc.

250,000

7.500%, 

1/15/2031

339,428

Williams

Partners,

LP

115,000

4.500%, 

11/15/2023

126,266

185,000

6.300%, 

4/15/2040

242,123

Total

17,264,759

Financials

(1.3%)

ABN

AMRO

Bank

NV

200,000

4.750%, 

7/28/2025

i

229,463

ACE

INA

Holdings,

Inc.

10,000

2.875%, 

11/3/2022

10,399

125,000

4.350%, 

11/3/2045

164,617

AerCap

Ireland

Capital

DAC

84,000

4.625%, 

7/1/2022

88,348

175,000

3.500%, 

1/15/2025

186,679

350,000

3.875%, 

1/23/2028

g

376,689

Air

Lease

Corporation

28,000

2.500%, 

3/1/2021

28,047

Aircastle,

Ltd.

200,000

5.000%, 

4/1/2023

214,960

320,000

2.850%, 

1/26/2028

i

313,551

Ally

Financial,

Inc.

150,000

5.750%, 

11/20/2025

174,636

Principal

Amount

Long-Term

Fixed

Income

(16.2%)

Value

Financials

(1.3%)

-

continued

American

International

Group,

Inc.

$

126,000

4.125%, 

2/15/2024

$

139,232

275,000

3.750%, 

7/10/2025

306,043

255,000

3.900%, 

4/1/2026

288,780

Ares

Capital

Corporation

275,000

3.875%, 

1/15/2026

295,976

150,000

2.150%, 

7/15/2026

148,873

Athene

Global

Funding

5,000

4.000%, 

1/25/2022

i

5,172

Australia

and

New

Zealand

Banking

Group,

Ltd.

250,000

2.950%, 

7/22/2030

b,i

263,781

225,000

2.570%, 

11/25/2035

b,i

224,465

Aviation

Capital

Group,

LLC

290,000

2.875%, 

1/20/2022

i

295,277

Avolon

Holdings

Funding,

Ltd.

275,000

5.250%, 

5/15/2024

i

299,680

25,000

4.250%, 

4/15/2026

i

26,990

Banco

Santander

Mexico

SA

275,000

5.375%, 

4/17/2025

i

314,724

Banco

Santander

SA

400,000

1.344%, 

(LIBOR

3M

+

1.120%),

4/12/2023

b

406,388

Bank

of

America

Corporation

9,000

3.550%, 

3/5/2024

b

9,573

450,000

4.200%, 

8/26/2024

502,684

515,000

4.000%, 

1/22/2025

574,179

450,000

3.458%, 

3/15/2025

b

488,410

585,000

3.824%, 

1/20/2028

b

666,816

450,000

2.496%, 

2/13/2031

b

469,206

270,000

2.592%, 

4/29/2031

b

283,279

400,000

1.922%, 

10/24/2031

b

396,932

375,000

4.244%, 

4/24/2038

b

453,459

Bank

of

New

York

Mellon

Corporation

210,000

2.500%, 

4/15/2021

210,584

Barclays

Bank

plc

42,000

10.179%, 

6/12/2021

i

43,452

Barclays

plc

425,000

4.610%, 

2/15/2023

b

442,614

168,000

3.650%, 

3/16/2025

184,208

400,000

3.564%, 

9/23/2035

b

419,336

Boston

Properties,

LP

325,000

4.500%, 

12/1/2028

385,495

BPCE

SA

350,000

3.500%, 

10/23/2027

i

390,600

Camden

Property

Trust

525,000

3.150%, 

7/1/2029

582,144

CANPACK

SA

200,000

3.125%, 

11/1/2025

i

203,250

Capital

One

Financial

Corporation

275,000

4.200%, 

10/29/2025

311,761

Cascades

USA,

Inc.

110,000

5.125%, 

1/15/2026

i

116,600

Chobani,

LLC

180,000

4.625%, 

11/15/2028

i

183,600

CIT

Group,

Inc.

90,000

5.250%, 

3/7/2025

103,195

Citigroup,

Inc.

435,000

4.400%, 

6/10/2025

493,431

168,000

3.200%, 

10/21/2026

185,257

426,000

3.668%, 

7/24/2028

b

481,959

126,000

4.125%, 

7/25/2028

144,577

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

193

Principal

Amount

Long-Term

Fixed

Income

(16.2%)

Value

Financials

(1.3%)

-

continued

$

250,000

3.520%, 

10/27/2028

b

$

280,580

198,000

4.650%, 

7/23/2048

261,426

CNA

Financial

Corporation

200,000

3.900%, 

5/1/2029

233,526

Comerica,

Inc.

70,000

3.700%, 

7/31/2023

75,418

Commerzbank

AG

230,000

8.125%, 

9/19/2023

i

266,276

Cooperatieve

Centrale

Raiffeisen-

Boerenleenbank

BA

552,000

4.625%, 

12/1/2023

614,056

Credit

Acceptance

Corporation

140,000

5.125%, 

12/31/2024

i

143,850

Credit

Agricole

SA

375,000

3.250%, 

1/14/2030

i

404,154

Credit

Suisse

Group

AG

225,000

7.250%, 

9/12/2025

b,i,l

253,260

550,000

2.193%, 

6/5/2026

b,i

571,776

Credit

Suisse

Group

Funding

(Guernsey),

Ltd.

18,000

3.800%, 

9/15/2022

18,958

Danske

Bank

AS

400,000

3.244%, 

12/20/2025

b,i

429,780

Deutsche

Bank

AG

275,000

3.547%, 

9/18/2031

b

289,813

300,000

3.729%, 

1/14/2032

b

298,367

Deutsche

Bank

AG

of

New

York

100,000

3.950%, 

2/27/2023

106,177

Discover

Bank

325,000

2.450%, 

9/12/2024

343,458

290,000

4.682%, 

8/9/2028

b

309,778

Diversified

Healthcare

Trust

40,000

4.750%, 

2/15/2028

40,000

Drawbridge

Special

Opportunities

Fund,

LP

180,000

3.875%, 

2/15/2026

i

181,353

Duke

Realty,

LP

300,000

2.875%, 

11/15/2029

327,586

ERP

Operating,

LP

32,000

3.375%, 

6/1/2025

35,153

ESH

Hospitality,

Inc.

140,000

5.250%, 

5/1/2025

i

142,800

70,000

4.625%, 

10/1/2027

i

71,574

Fidelity

National

Financial,

Inc.

125,000

5.500%, 

9/1/2022

134,363

First

Horizon

National

Corporation

550,000

4.000%, 

5/26/2025

616,707

Fortress

Transportation

90,000

6.500%, 

10/1/2025

i

93,150

GE

Capital

Funding,

LLC

375,000

4.400%, 

5/15/2030

i

434,974

GE

Capital

International

Funding

Company

480,000

4.418%, 

11/15/2035

561,925

Global

Net

Lease,

Inc.

210,000

3.750%, 

12/15/2027

i

213,826

Goldman

Sachs

Group,

Inc.

337,000

4.128%, 

(LIBOR

3M

+

3.922%),

2/5/2021

b,l

335,416

134,000

2.908%, 

6/5/2023

b

138,303

525,000

3.625%, 

2/20/2024

570,479

80,000

1.992%, 

1/27/2032

b

79,851

165,000

4.750%, 

10/21/2045

220,825

Principal

Amount

Long-Term

Fixed

Income

(16.2%)

Value

Financials

(1.3%)

-

continued

HCP,

Inc.

$

60,000

3.400%, 

2/1/2025

$

65,851

Healthpeak

Properties,

Inc.

275,000

2.875%, 

1/15/2031

295,723

HSBC

Holdings

plc

212,000

6.875%, 

6/1/2021

b,l

214,945

525,000

3.803%, 

3/11/2025

b

572,014

200,000

3.900%, 

5/25/2026

226,529

450,000

4.950%, 

3/31/2030

554,034

Icahn

Enterprises,

LP

185,000

6.375%, 

12/15/2025

190,781

ING

Groep

NV

350,000

4.100%, 

10/2/2023

383,139

International

Lease

Finance

Corporation

112,000

5.875%, 

8/15/2022

120,464

Iron

Mountain,

Inc.

75,000

4.875%, 

9/15/2027

i

78,375

iStar,

Inc.

130,000

4.250%, 

8/1/2025

128,050

J.P.

Morgan

Chase

&

Company

9,000

2.776%, 

4/25/2023

b

9,261

450,000

3.875%, 

9/10/2024

500,820

240,000

3.125%, 

1/23/2025

260,980

220,000

3.900%, 

7/15/2025

247,744

135,000

3.300%, 

4/1/2026

150,184

230,000

1.040%, 

2/4/2027

b,d

229,868

375,000

4.203%, 

7/23/2029

b

440,370

250,000

2.522%, 

4/22/2031

b

262,287

300,000

1.953%, 

2/4/2032

b,d

300,139

475,000

3.882%, 

7/24/2038

b

556,621

Kimco

Realty

Corporation

368,000

3.300%, 

2/1/2025

402,933

Liberty

Mutual

Group,

Inc.

84,000

4.950%, 

5/1/2022

i

88,625

Lloyds

Banking

Group

plc

250,000

2.907%, 

11/7/2023

b

260,321

700,000

3.870%, 

7/9/2025

b

769,184

MetLife,

Inc.

125,000

4.050%, 

3/1/2045

154,491

MGM

Growth

Properties

Operating

Partnership,

LP

100,000

4.625%, 

6/15/2025

i

106,000

80,000

5.750%, 

2/1/2027

89,672

Mitsubishi

UFJ

Financial

Group,

Inc.

6,000

2.998%, 

2/22/2022

6,169

640,000

3.455%, 

3/2/2023

679,684

230,000

3.287%, 

7/25/2027

260,993

550,000

2.048%, 

7/17/2030

560,035

Mizuho

Financial

Group,

Inc.

400,000

1.979%, 

9/8/2031

b

400,122

Morgan

Stanley

84,000

4.051%, 

(LIBOR

3M

+

3.810%),

4/15/2021

b,l

84,042

180,000

2.188%, 

4/28/2026

b

189,069

210,000

4.350%, 

9/8/2026

244,442

276,000

3.591%, 

7/22/2028

b

312,195

250,000

3.772%, 

1/24/2029

b

284,616

540,000

3.622%, 

4/1/2031

b

614,856

230,000

2.802%, 

1/25/2052

b

228,506

MPT

Operating

Partnership,

LP

255,000

4.625%, 

8/1/2029

272,715

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

194

Principal

Amount

Long-Term

Fixed

Income

(16.2%)

Value

Financials

(1.3%)

-

continued

Nasdaq,

Inc.

$

225,000

3.250%, 

4/28/2050

$

237,586

110,000

3.850%, 

6/30/2026

125,868

Nationwide

Building

Society

275,000

3.622%, 

4/26/2023

b,i

285,059

Natwest

Group

plc

325,000

3.032%, 

11/28/2035

b

326,479

Omega

Healthcare

Investors,

Inc.

225,000

3.375%, 

2/1/2031

234,400

Park

Aerospace

Holdings,

Ltd.

275,000

4.500%, 

3/15/2023

i

289,081

Prudential

Financial,

Inc.

400,000

3.700%, 

3/13/2051

456,100

Quicken

Loans,

LLC

100,000

3.625%, 

3/1/2029

i

100,045

100,000

3.875%, 

3/1/2031

i

101,375

Realty

Income

Corporation

185,000

4.125%, 

10/15/2026

216,087

150,000

1.800%, 

3/15/2033

147,139

Regency

Centers,

LP

320,000

4.125%, 

3/15/2028

364,292

Reinsurance

Group

of

America,

Inc.

323,000

4.700%, 

9/15/2023

356,005

Royal

Bank

of

Scotland

Group

plc

425,000

6.000%, 

12/29/2025

b,l

468,031

400,000

4.445%, 

5/8/2030

b

467,417

Service

Properties

Trust

120,000

4.500%, 

6/15/2023

120,780

50,000

4.750%, 

10/1/2026

48,000

90,000

5.500%, 

12/15/2027

96,144

Societe

Generale

SA

138,000

4.750%, 

11/24/2025

i

156,764

Springleaf

Finance

Corporation

210,000

6.875%, 

3/15/2025

240,319

180,000

7.125%, 

3/15/2026

210,600

Sumitomo

Mitsui

Financial

Group,

Inc.

126,000

3.010%, 

10/19/2026

139,435

225,000

1.710%, 

1/12/2031

221,474

Synchrony

Financial

55,000

4.250%, 

8/15/2024

60,446

225,000

3.950%, 

12/1/2027

251,364

UBS

Group

Funding

Jersey,

Ltd.

126,000

4.125%, 

9/24/2025

i

143,169

UDR,

Inc.

275,000

2.100%, 

8/1/2032

274,556

Ventas

Realty,

LP

45,000

3.100%, 

1/15/2023

47,116

VEREIT

Operating

Partnership,

LP

300,000

2.850%, 

12/15/2032

308,530

VICI

Properties,

LP

80,000

4.250%, 

12/1/2026

i

82,748

40,000

3.750%, 

2/15/2027

i

40,650

80,000

4.625%, 

12/1/2029

i

85,200

40,000

4.125%, 

8/15/2030

i

41,625

Voya

Financial,

Inc.

342,000

3.125%, 

7/15/2024

369,771

Wells

Fargo

&

Company

168,000

3.450%, 

2/13/2023

178,043

250,000

4.125%, 

8/15/2023

272,012

15,000

1.442%, 

(LIBOR

3M

+

1.230%),

10/31/2023

b

15,250

Principal

Amount

Long-Term

Fixed

Income

(16.2%)

Value

Financials

(1.3%)

-

continued

$

125,000

3.000%, 

2/19/2025

$

135,191

600,000

3.000%, 

4/22/2026

655,311

168,000

3.000%, 

10/23/2026

184,744

500,000

2.393%, 

6/2/2028

b

527,653

323,000

4.900%, 

11/17/2045

410,015

Westpac

Banking

Corporation

525,000

2.668%, 

11/15/2035

b

530,334

Total

44,447,366

Mortgage-Backed

Securities

(4.6%)

Federal

Home

Loan

Mortgage

Corporation

Conventional

30-Yr.

Pass

Through

7,753,587

3.000%, 

3/25/2050

8,166,775

4,682,450

3.000%, 

4/1/2050

4,931,842

41,502

3.500%, 

7/1/2047

44,348

Federal

National

Mortgage

Association

1,710,624

4.500%, 

5/1/2048

1,863,457

2,909,744

3.500%, 

10/1/2048

3,090,789

26,203

3.500%, 

6/1/2049

27,892

3,359,573

3.500%, 

8/1/2049

3,573,207

Federal

National

Mortgage

Association

Conventional

15-Yr.

Pass

Through

22,800,000

2.000%, 

3/1/2035

d

23,786,525

5,250,000

1.500%, 

2/1/2036

d

5,383,301

7,750,000

2.000%, 

2/1/2036

d

8,097,236

4,532,000

1.500%, 

3/1/2036

d

4,638,693

Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through

18,150,000

2.000%, 

2/1/2051

d,m

18,742,711

22,000,000

2.500%, 

2/1/2051

d

23,181,641

3,675,000

1.500%, 

3/1/2051

d

3,687,059

23,450,000

2.000%, 

3/1/2051

d,m

24,173,652

19,953,000

2.500%, 

3/1/2051

d

20,988,841

5,335,302

4.000%, 

7/1/2048

5,723,291

Total

160,101,260

Technology

(0.4%)

Apple,

Inc.

115,000

3.000%, 

2/9/2024

123,619

183,000

3.200%, 

5/11/2027

206,213

250,000

3.000%, 

6/20/2027

280,699

400,000

3.000%, 

11/13/2027

449,825

585,000

3.750%, 

9/12/2047

700,455

Applied

Materials,

Inc.

92,000

3.300%, 

4/1/2027

104,209

Baidu,

Inc.

360,000

3.425%, 

4/7/2030

392,993

Black

Knight

InfoServ,

LLC

35,000

3.625%, 

9/1/2028

i

35,418

Broadcom

Corporation

146,000

3.875%, 

1/15/2027

163,089

220,000

3.500%, 

1/15/2028

240,110

Broadcom,

Inc.

180,000

5.000%, 

4/15/2030

214,276

CDW,

LLC

160,000

4.250%, 

4/1/2028

166,818

CommScope

Technologies

Finance,

LLC

342,000

6.000%, 

6/15/2025

i

349,233

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

195

Principal

Amount

Long-Term

Fixed

Income

(16.2%)

Value

Technology

(0.4%)

-

continued

Crowdstrike

Holdings,

Inc.

$

40,000

3.000%, 

2/15/2029

$

40,475

Diamond

1

Finance

Corporation

26,000

5.450%, 

6/15/2023

i

28,561

490,000

6.020%, 

6/15/2026

i

591,524

Diamond

Sports

Group,

LLC

250,000

6.625%, 

8/15/2027

g,i

158,750

Fiserv,

Inc.

350,000

2.250%, 

6/1/2027

369,988

360,000

2.650%, 

6/1/2030

382,296

Gartner,

Inc.

90,000

4.500%, 

7/1/2028

i

94,923

90,000

3.750%, 

10/1/2030

i

92,530

Hewlett

Packard

Enterprise

Company

300,000

4.650%, 

10/1/2024

340,027

Iron

Mountain,

Inc.

170,000

4.875%, 

9/15/2029

i

176,524

150,000

5.250%, 

7/15/2030

i

159,000

KLA

Corporation

540,000

3.300%, 

3/1/2050

593,559

Lam

Research

Corporation

450,000

2.875%, 

6/15/2050

468,346

Micron

Technology,

Inc.

180,000

2.497%, 

4/24/2023

187,804

Microsoft

Corporation

307,000

2.675%, 

6/1/2060

311,728

270,000

4.200%, 

11/3/2035

345,129

975,000

3.700%, 

8/8/2046

1,198,907

NCR

Corporation

310,000

6.125%, 

9/1/2029

i

334,174

NVIDIA

Corporation

450,000

3.500%, 

4/1/2040

517,195

NXP

BV/NXP

Funding,

LLC

425,000

4.875%, 

3/1/2024

i

477,488

Open

Text

Corporation

250,000

4.125%, 

2/15/2030

i

262,425

Oracle

Corporation

10,000

2.500%, 

5/15/2022

10,248

168,000

2.400%, 

9/15/2023

176,366

600,000

2.800%, 

4/1/2027

655,752

250,000

3.850%, 

7/15/2036

296,122

450,000

3.600%, 

4/1/2040

506,387

Plantronics,

Inc.

150,000

5.500%, 

5/31/2023

i

150,563

PTC,

Inc.

70,000

3.625%, 

2/15/2025

i

71,750

60,000

4.000%, 

2/15/2028

i

62,400

Qorvo,

Inc.

110,000

3.375%, 

4/1/2031

i

112,475

Rackspace

Technology

Global,

Inc.

140,000

5.375%, 

12/1/2028

i

145,950

Sensata

Technologies

BV

160,000

5.000%, 

10/1/2025

i

176,400

Sensata

Technologies,

Inc.

160,000

3.750%, 

2/15/2031

i

164,206

Shift4

Payments,

LLC

50,000

4.625%, 

11/1/2026

i

52,125

SS&C

Technologies,

Inc.

290,000

5.500%, 

9/30/2027

i

307,113

Switch,

Ltd.

130,000

3.750%, 

9/15/2028

i

132,750

Principal

Amount

Long-Term

Fixed

Income

(16.2%)

Value

Technology

(0.4%)

-

continued

Texas

Instruments,

Inc.

$

330,000

4.150%, 

5/15/2048

$

427,680

Tyco

Electronics

Group

SA

46,000

3.450%, 

8/1/2024

49,700

92,000

3.125%, 

8/15/2027

103,816

VMware,

Inc.

275,000

4.650%, 

5/15/2027

319,053

Total

14,479,166

Transportation

(0.1%)

Air

Canada

Pass

Through

Trust

34,328

3.875%, 

3/15/2023

i

33,532

American

Airlines,

Inc.

100,000

11.750%, 

7/15/2025

i

115,570

Boeing

Company

175,000

5.805%, 

5/1/2050

230,717

Burlington

Northern

Santa

Fe,

LLC

140,000

5.750%, 

5/1/2040

203,501

430,000

5.050%, 

3/1/2041

581,480

100,000

4.450%, 

3/15/2043

128,786

CSX

Corporation

270,000

3.800%, 

4/15/2050

318,867

Delta

Air

Lines,

Inc.

200,000

7.000%, 

5/1/2025

i

231,918

70,000

7.375%, 

1/15/2026

80,418

Hawaiian

Brand

Intellectual

Property,

Ltd.

140,000

5.750%, 

1/20/2026

d,i

145,600

Mileage

Plus

Holdings,

LLC

140,000

6.500%, 

6/20/2027

i

153,125

Southwest

Airlines

Company

360,000

4.750%, 

5/4/2023

390,104

150,000

5.125%, 

6/15/2027

177,630

United

Airlines

Pass

Through

Trust

10,000

3.700%, 

12/1/2022

9,934

United

Parcel

Service,

Inc.

360,000

4.450%, 

4/1/2030

442,483

XPO

Logistics,

Inc.

200,000

6.125%, 

9/1/2023

i

203,250

52,000

6.750%, 

8/15/2024

i

54,995

Total

3,501,910

U.S.

Government

&

Agencies

(5.0%)

U.S.

Treasury

Bonds

400,000

1.625%, 

11/15/2050

380,250

4,485,000

2.250%, 

11/15/2027

4,937,705

7,300,000

2.875%, 

5/15/2028

8,377,605

1,510,000

5.250%, 

11/15/2028

2,013,550

4,600,000

1.625%, 

8/15/2029

4,859,109

4,100,000

1.500%, 

2/15/2030

4,277,133

1,175,000

4.375%, 

5/15/2040

1,728,673

6,780,000

3.000%, 

5/15/2042

8,422,031

12,618,000

2.500%, 

5/15/2046

14,481,127

10,050,000

2.875%, 

5/15/2049

12,453,363

U.S.

Treasury

Notes

1,610,000

1.500%, 

9/30/2021

1,625,220

940,000

1.125%, 

2/28/2022

950,428

7,440,000

1.875%, 

7/31/2022

7,636,753

6,040,000

0.125%, 

10/31/2022

6,041,416

80,000

2.000%, 

11/30/2022

82,747

22,100,000

0.125%, 

12/31/2022

22,104,316

4,750,000

2.500%, 

3/31/2023

4,993,437

500,000

0.125%, 

10/15/2023

499,551

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

196

Principal

Amount

Long-Term

Fixed

Income

(16.2%)

Value

U.S.

Government

&

Agencies

(5.0%)

-

continued

$

6,560,000

2.500%, 

1/31/2024

$

7,014,331

1,585,000

2.125%, 

7/31/2024

1,689,387

2,490,000

2.250%, 

11/15/2024

2,675,194

4,360,000

2.125%, 

11/30/2024

4,666,222

700,000

1.375%, 

1/31/2025

729,914

17,550,000

2.875%, 

5/31/2025

19,464,047

250,000

0.250%, 

8/31/2025

248,584

5,715,000

2.625%, 

1/31/2026

6,334,274

20,870,000

2.500%, 

2/28/2026

23,019,773

3,750,000

0.500%, 

4/30/2027

3,718,066

Total

175,424,206

Utilities

(0.4%)

Alabama

Power

Company

6,000

2.450%, 

3/30/2022

6,139

Ameren

Illinois

Company

270,000

4.500%, 

3/15/2049

355,722

American

Water

Capital

Corporation

450,000

2.800%, 

5/1/2030

491,150

Appalachian

Power

Company

92,000

3.300%, 

6/1/2027

102,356

Arizona

Public

Service

Company

300,000

3.500%, 

12/1/2049

339,917

Berkshire

Hathaway

Energy

Company

155,000

4.500%, 

2/1/2045

192,828

Calpine

Corporation

220,000

4.500%, 

2/15/2028

i

225,984

CenterPoint

Energy,

Inc.

175,000

2.500%, 

9/1/2024

185,987

245,000

4.250%, 

11/1/2028

288,285

CMS

Energy

Corporation

126,000

2.950%, 

2/15/2027

137,048

Commonwealth

Edison

Company

125,000

3.700%, 

3/1/2045

144,924

70,000

4.350%, 

11/15/2045

88,650

Consolidated

Edison

Company

of

New

York,

Inc.

675,000

4.125%, 

5/15/2049

821,704

Consolidated

Edison,

Inc.

63,000

4.500%, 

12/1/2045

78,420

Consumers

Energy

Company

325,000

4.350%, 

4/15/2049

431,731

DTE

Electric

Company

95,000

3.700%, 

3/15/2045

110,820

135,000

3.700%, 

6/1/2046

157,489

Duke

Energy

Carolinas,

LLC

350,000

3.700%, 

12/1/2047

407,482

Duke

Energy

Corporation

168,000

3.750%, 

9/1/2046

185,221

Duke

Energy

Florida,

LLC

120,000

3.200%, 

1/15/2027

133,881

Duke

Energy

Indiana,

LLC

170,000

3.750%, 

5/15/2046

195,067

Edison

International

575,000

5.750%, 

6/15/2027

691,560

Exelon

Corporation

340,000

4.700%, 

4/15/2050

436,542

90,000

5.100%, 

6/15/2045

118,272

376,000

4.450%, 

4/15/2046

461,905

Principal

Amount

Long-Term

Fixed

Income

(16.2%)

Value

Utilities

(0.4%)

-

continued

FirstEnergy

Corporation

$

60,000

2.850%, 

7/15/2022

$

61,128

ITC

Holdings

Corporation

30,000

4.050%, 

7/1/2023

32,259

84,000

5.300%, 

7/1/2043

109,559

Mississippi

Power

Company

185,000

3.950%, 

3/30/2028

213,185

Monongahela

Power

Company

95,000

5.400%, 

12/15/2043

i

123,553

National

Rural

Utilities

Cooperative

Finance

Corporation

175,000

3.900%, 

11/1/2028

203,756

400,000

3.700%, 

3/15/2029

464,954

NextEra

Energy

Operating

Partners,

LP

390,000

3.875%, 

10/15/2026

i

417,602

NiSource

Finance

Corporation

245,000

5.650%, 

2/1/2045

342,747

NiSource,

Inc.

375,000

3.600%, 

5/1/2030

426,573

NRG

Energy,

Inc.

270,000

3.375%, 

2/15/2029

i

276,183

40,000

3.625%, 

2/15/2031

i

41,600

Pacific

Gas

and

Electric

Company

235,000

3.300%, 

12/1/2027

253,666

235,000

3.950%, 

12/1/2047

236,152

PG&E

Corporation

90,000

5.000%, 

7/1/2028

96,558

70,000

5.250%, 

7/1/2030

77,000

PPL

Capital

Funding,

Inc.

195,000

5.000%, 

3/15/2044

243,947

PPL

Electric

Utilities

Corporation

138,000

3.950%, 

6/1/2047

166,341

Public

Service

Electric

&

Gas

Company

230,000

3.000%, 

5/15/2027

254,217

San

Diego

Gas

and

Electric

Company

330,000

4.150%, 

5/15/2048

405,705

South

Carolina

Electric

&

Gas

Company

455,000

5.100%, 

6/1/2065

695,285

Southern

California

Edison

Company

185,000

4.000%, 

4/1/2047

206,826

Southern

Company

250,000

3.250%, 

7/1/2026

278,008

Southern

Company

Gas

Capital

Corporation

230,000

4.400%, 

5/30/2047

279,810

Southwestern

Electric

Power

Company

65,000

3.900%, 

4/1/2045

73,469

Suburban

Propane

Partners,

LP

170,000

5.875%, 

3/1/2027

177,225

Talen

Energy

Supply,

LLC

190,000

7.625%, 

6/1/2028

i

204,725

TerraForm

Power

Operating,

LLC

175,000

5.000%, 

1/31/2028

i

194,250

Virginia

Electric

and

Power

Company

275,000

4.600%, 

12/1/2048

367,267

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

197

Principal

Amount

Long-Term

Fixed

Income

(16.2%)

Value

Utilities

(0.4%)

-

continued

Vistra

Operations

Company,

LLC

$

240,000

5.000%, 

7/31/2027

i

$

252,648

Total

13,965,282

Total

Long-Term

Fixed

Income

(cost

$534,198,324)

566,090,191

Shares

Collateral

Held

for

Securities

Loaned

(

0.6%

)

Value

19,456,827

Thrivent

Cash

Management

Trust

19,456,827

Total

Collateral

Held

for

Securities

Loaned

(cost

$19,456,827)

19,456,827

Shares

or

Principal

Amount

Short-Term

Investments

(

8.4%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

800,000

0.070%,

2/9/2021

n,o

799,993

1,800,000

0.078%,

3/5/2021

n,o

1,799,920

3,200,000

0.077%,

3/10/2021

n,o

3,199,835

1,000,000

0.060%,

3/16/2021

n

999,940

3,300,000

0.080%,

3/17/2021

n,o

3,299,798

10,000,000

0.053%,

3/23/2021

n,o

9,999,306

400,000

0.090%,

3/26/2021

n,o

399,971

6,500,000

0.051%,

3/30/2021

n,o

6,499,485

6,000,000

0.085%,

4/7/2021

n,o

5,999,242

8,200,000

0.085%,

4/8/2021

n,o

8,198,948

1,900,000

0.080%,

4/14/2021

n,o

1,899,734

1,100,000

0.040%,

5/4/2021

n,o

1,099,803

Thrivent

Core

Short-Term

Reserve

Fund

24,761,638

0.200%

247,616,382

Total

Short-Term

Investments

(cost

$291,689,332)

291,812,357

Contracts

Options

Purchased

(

<0.1%

)

Value

Put

on

10-Yr.

U.S.

Treasury

Bond

Futures

111

$136.50,

expires

2/19/2021

26,016

Put

on

30-Yr.

U.S.

Treasury

Bond

Futures

108

$168.00,

expires

2/19/2021

109,687

Total

Options

Purchased

(cost

$133,637)

135,703

Total

Investments

(cost

$2,870,365,988)

104.7%

$3,647,641,399

Other

Assets

and

Liabilities,

Net

(4.7%)

(163,634,587)

Total

Net

Assets

100.0%

$3,484,006,812

a

The

stated

interest

rate

represents

the

weighted

average

of

all

contracts

within

the

bank

loan

facility.

b

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

January

29,

2021.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

c

All

or

a

portion

of

the

loan

is

unfunded.

d

Denotes

investments

purchased

on

a

when-issued

or

delayed

delivery

basis.

e

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

f

Denotes

payment-in-kind

security.  The

security

may

pay

an

interest

or

dividend

payment

with

additional

fixed

income

or

equity

securities

in

lieu

of,

or

in

addition

to

a

cash

payment.  The

cash

rate

and/or

payment-in-kind

rate

shown

are

as

of

January

29,

2021.

g

All

or

a

portion

of

the

security

is

on

loan.

h

Non-income

producing

security.

i

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

January

29,

2021,

the

value

of

these

investments

was

$83,745,400

or

2.4%

of

total

net

assets.

j

Denotes

step

coupon

securities.

Step

coupon

securities

pay

an

initial

coupon

rate

for

the

first

period

and

then

different

coupon

rates

for

following

periods.

The

rate

shown

is

as

of

January

29,

2021.

k

Denotes

interest

only

security.  Interest

only

securities

represent

the

right

to

receive

monthly

interest

payments

on

an

underlying

pool

of

mortgages

or

assets.  The

principal

shown

is

the

outstanding

par

amount

of

the

pool

as

of

the

end

of

the

period.

The

actual

effective

yield

of

the

security

is

different

than

the

stated

coupon

rate.

l

Denotes

perpetual

securities.

Perpetual

securities

pay

an

indefinite

stream

of

income

and

have

no

contractual

maturity

date.

Date

shown,

if

applicable,

is

next

call

date.

m

All

or

a

portion

of

the

security

was

earmarked

to

cover

written

options.

n

The

interest

rate

shown

reflects

the

yield,

coupon

rate

or

the

discount

rate

at

the

date

of

purchase.

o

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Moderately

Aggressive

Allocation

Fund

as

of

January

29,

2021:

Securities

Lending

Transactions

Long-Term

Fixed

Income

$

1,073,716

Common

Stock

17,715,566

Total

lending

$18,789,282

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$19,456,827

Net

amounts

due

to

counterparty

$667,545

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

198

Definitions:

ACES

-

Alternative

Credit

Enhancement

Securities

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

CLO

-

Collateralized

Loan

Obligation

ETF

-

Exchange

Traded

Fund

FNMA

-

Federal

National

Mortgage

Association

GDR

-

Global

Depository

Receipts,

which

are

certificates

for

shares

of

an

underlying

foreign

security’s

shares

held

by

an

issuing

depository

bank

from

more

than

one

country.

PIK

-

Payment-In-Kind

REMIC

-

Real

Estate

Mortgage

Investment

Conduit

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

Ser.

-

Series

SPDR

-

S&P

Depository

Receipts,

which

are

exchange-traded

funds

traded

in

the

U.S.,

Europe,

and

Asia-Pacific

and

managed

by

State

Street

Global

Advisors.

Reference

Rate

Index:

LIBOR

1W

-

ICE

Libor

USD

Rate

1

Week

LIBOR

1M

-

ICE

Libor

USD

Rate

1

Month

LIBOR

2M

-

ICE

Libor

USD

Rate

2

Month

LIBOR

3M

-

ICE

Libor

USD

Rate

3

Month

PRIME

-

Federal

Reserve

Prime

Loan

Rate

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

199

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

January

29,

2021,

in

valuing

Moderately

Aggressive

Allocation

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Bank

Loans

Basic

Materials

1,790,096

–

1,790,096

–

Capital

Goods

2,764,932

–

2,563,432

201,500

Communications

Services

7,767,207

–

7,767,207

–

Consumer

Cyclical

4,634,034

–

4,634,034

–

Consumer

Non-Cyclical

5,064,400

–

5,013,400

51,000

Energy

1,174,412

–

1,174,412

–

Financials

2,702,695

–

2,702,695

–

Technology

2,373,258

–

2,373,258

–

Transportation

986,436

–

986,436

–

Utilities

1,423,925

–

1,024,481

399,444

Registered

Investment

Companies

Unaffiliated

33,836,932

33,836,932

–

–

Affiliated

1,445,977,326

1,445,977,326

–

–

Common

Stock

Communications

Services

28,294,563

28,289,605

4,958

–

Consumer

Discretionary

119,774,457

119,765,258

9,199

–

Consumer

Staples

29,547,940

29,547,940

–

–

Energy

17,732,216

17,732,216

–

–

Financials

134,400,322

132,850,885

1,548,433

1,004

Health

Care

138,678,153

138,678,153

–

–

Industrials

156,770,863

156,770,863

–

–

Information

Technology

204,871,422

204,625,298

246,124

–

Materials

36,871,937

35,612,231

1,259,704

2

Real

Estate

62,887,435

62,887,435

–

–

Utilities

14,265,162

14,265,162

–

–

Long-Term

Fixed

Income

Asset-Backed

Securities

25,310,194

–

25,310,194

–

Basic

Materials

7,098,152

–

7,098,152

–

Capital

Goods

10,383,419

–

10,383,419

–

Collateralized

Mortgage

Obligations

22,470,368

–

22,470,368

–

Commercial

Mortgage-Backed

Securities

4,463,082

–

4,463,082

–

Communications

Services

21,594,807

–

21,594,807

–

Consumer

Cyclical

19,196,616

–

19,196,616

–

Consumer

Non-Cyclical

26,389,604

–

26,389,604

–

Energy

17,264,759

–

17,264,759

–

Financials

44,447,366

–

44,447,366

–

Mortgage-Backed

Securities

160,101,260

–

160,101,260

–

Technology

14,479,166

–

14,479,166

–

Transportation

3,501,910

–

3,501,910

–

U.S.

Government

&

Agencies

175,424,206

–

175,424,206

–

Utilities

13,965,282

–

13,965,282

–

Short-Term

Investments

44,195,975

–

44,195,975

–

Options

Purchased

135,703

135,703

–

–

Subtotal

Investments

in

Securities

$3,065,011,992

$2,420,975,007

$643,384,035

$652,950

Other

Investments  *

Total

Affiliated

Short-Term

Investments

247,616,382

Affiliated

Registered

Investment

Companies

315,556,198

Collateral

Held

for

Securities

Loaned

19,456,827

Subtotal

Other

Investments

$582,629,407

Total

Investments

at

Value

$3,647,641,399

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

this

table

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

200

Reference

Description:

CBOT

-

Chicago

Board

of

Trade

CME

-

Chicago

Mercantile

Exchange

EAFE

-

Europe,

Australasia

and

Far

East

ICE

-

Intercontinental

Exchange

MSCI

-

Morgan

Stanley

Capital

International

S&P

-

Standard

&

Poor's

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

12,127,758

12,127,758

–

–

Total

Asset

Derivatives

$12,127,758

$12,127,758

$–

$–

Liability

Derivatives

Futures

Contracts

35,641,091

35,641,091

–

–

Call

Options

Written

34,891

–

–

34,891

Total

Liability

Derivatives

$35,675,982

$35,641,091

$–

$34,891

The

following

table

presents

Moderately

Aggressive

Allocation

Fund's

futures

contracts

held

as

of

January

29,

2021.

Investments

and/or

cash

totaling

$41,996,099

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Principal

Amount

Value

and

Unrealized

CBOT

10-Yr.

U.S.

Treasury

Note

27

March

2021

$

3,725,230

(

$

25,386)

CBOT

2-Yr.

U.S.

Treasury

Note

124

March

2021

27,371,444

29,650

CBOT

5-Yr.

U.S.

Treasury

Note

91

March

2021

11,467,706

(

13,081)

CBOT

U.S.

Long

Bond

47

March

2021

8,196,648

(

266,867)

CME

E-mini

Russell

2000

Index

21

March

2021

2,131,423

40,187

CME

E-mini

S&P

500

Index

2,450

March

2021

448,117,928

5,769,071

CME

E-mini

S&P

Mid-Cap

400

Index

10

March

2021

2,304,661

31,039

ICE

US

mini

MSCI

Emerging

Markets

Index

1,626

March

2021

101,923,461

5,888,469

Total

Futures

Long

Contracts

$

605,238,501

$

11,453,082

CME

E-mini

Russell

2000

Index

(3,027)

March

2021

(

$

288,865,875)

(

$

24,156,195)

CME

E-mini

S&P

Mid-Cap

400

Index

(1,106)

March

2021

(

247,437,594)

(

10,890,826)

CME

Ultra

Long

Term

U.S.

Treasury

Bond

(19)

March

2021

(

4,101,658)

212,002

ICE

mini

MSCI

EAFE

Index

(411)

March

2021

(

43,184,789)

(

288,736)

Ultra

10-Yr.

U.S.

Treasury

Note

(50)

March

2021

(

7,848,747)

157,340

Total

Futures

Short

Contracts

(

$

591,438,663)

($34,966,415)

Total

Futures

Contracts

$

13,799,838

($23,513,333)

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

201

Counterparty:

CCM

-

CCM

Futures,

LLC

JPM

-

J.P.

Morgan

MSC

-

Morgan

Stanley

&

Company

The

following

table

presents

Moderately

Aggressive

Allocation

Fund's

options

contracts

held

as

of

January

29,

2021.

Option

_

Description                              

(Underlying

Security

Description)

Counter-

party

Number

of

Contracts

Exercise

Price

Expiration

Date

Notional

Principal

Amount

Value

Unrealized

Appreciation/

(Depreciation)

Put

on

10-Yr.

U.S.

Treasury

Bond

Futures

MSC

111.00

$

136.50

February

2021

15,210,469

$

26,016

(

$

26,295)

Put

on

30-Yr.

U.S.

Treasury

Bond

Futures

CCM

108.00

168.00

February

2021

18,221,625

109,687

28,361

Total

Options

Purchased

Contracts

$135,703

$2,066

FNMA

Conventional

30-Yr.

Pass

Through

Call

Option

(*)

MSC

(3.63)

$

103.25

February

2021

(3,743,379)

(

$

5,332)

$

11,943

(Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through)

FNMA

Conventional

30-Yr.

Pass

Through

Call

Option

(*)

MSC

(7.25)

103.09

March

2021

(7,473,730)

(

25,209)

7,076

(Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through)

FNMA

Conventional

30-Yr.

Pass

Through

Call

Option

(*)

JPM

(3.63)

103.23

February

2021

(3,743,379)

(

4,350)

5,421

(Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through)

Total

Options

Written

Contracts

($34,891)

$24,440

(*)  Security

is

valued

using

significant

unobservable

inputs.

Market

quotations

or

prices

were

not

readily

available

or

were

determined

to

be

unreliable.

Value

was

determined

in

good

faith

pursuant

to

procedures

adopted

by

the

Board.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

Moderately

Aggressive

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

202

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Moderately

Aggressive

Allocation

Fund,

is

as

follows:

Fund

Value

10/31/2020

Gross

Purchases

Gross

Sales

Value

1/29/2021

Shares

Held

at

1/29/2021

%

of

Net

Assets

1/29/2021

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

$43,419

$550

$–

$45,647

4,480

1.3%

Core

Emerging

Markets

Equity

25,904

3,851

–

34,837

2,853

1.0

Core

International

Equity

78,266

11,646

35,000

67,998

7,025

1.9

Core

Low

Volatility

Equity

154,722

3,483

–

167,074

13,605

4.8

Global

Stock,

Class

S

140,176

5,301

–

164,017

6,001

4.7

High

Yield,

Class

S

22,568

273

–

23,797

5,085

0.7

Income,

Class

S

73,867

2,511

–

76,215

7,652

2.2

International

Allocation,

Class

S

226,007

4,205

–

264,583

24,984

7.6

Large

Cap

Growth,

Class

S

299,553

21,780

–

340,252

19,668

9.8

Large

Cap

Value,

Class

S

215,898

16,283

–

259,171

11,186

7.4

Limited

Maturity

Bond,

Class

S

38,375

157

–

38,805

3,043

1.1

Mid

Cap

Stock,

Class

S

182,940

7,016

–

219,963

6,741

6.3

Small

Cap

Stock,

Class

S

45,587

921

–

59,175

2,011

1.7

Total

Affiliated

Registered

Investment

Companies

1,547,282

1,761,534

50.5

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

263,830

168,065

184,278

247,616

24,762

7.1

Total

Affiliated

Short-Term

Investments

263,830

247,616

7.1

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

7,754

121,095

109,392

19,457

19,457

0.6

Total

Collateral

Held

for

Securities

Loaned

7,754

19,457

0.6

Total

Value

$1,818,866

$2,028,607

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2020

-

1/29/2021

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

$–

$1,678

$–

$494

Core

Emerging

Markets

Equity

–

5,082

–

250

Core

International

Equity

(447)

13,533

–

1,809

Core

Low

Volatility

Equity

Fund

–

8,869

456

3,028

Global

Stock,

Class

S

–

18,540

3,687

1,614

High

Yield,

Class

S

–

956

–

273

Income,

Class

S

–

(163)

1,982

529

International

Allocation,

Class

S

–

34,371

–

4,206

Large

Cap

Growth,

Class

S

–

18,919

21,779

–

Large

Cap

Value,

Class

S

–

26,990

12,347

3,935

Limited

Maturity

Bond,

Class

S

–

273

–

157

Mid

Cap

Stock,

Class

S

–

30,007

6,432

584

Small

Cap

Stock,

Class

S

–

12,667

559

362

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

(14)

13

–

142

Total

Income/Non

Income

Cash

from

Affiliated

Investments

$17,383

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

–

2

25

Total

Affiliated

Income

from

Securities

Loaned,

Net

$25

Total

$(461)

$171,735

$47,244

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

203

Principal

Amount

Bank

Loans

(

2.2%

)

a

Value

Basic

Materials

(0.1%)

Avantor

Funding,

Inc.,

Term

Loan

$

150,000

3.500%, 

(LIBOR

1M

+

2.500%),

11/6/2027

b

$

150,438

Ball

Metalpack

Finco

,

LLC,

Term

Loan

92,625

4.733%, 

(LIBOR

3M

+

4.500%),

7/31/2025

b

91,930

Chemours

Company,

Term

Loan

127,930

1.880%, 

(LIBOR

1M

+

1.750%),

4/3/2025

b

126,842

Hexion

,

Inc.,

Term

Loan

109,169

3.740%, 

(LIBOR

3M

+

3.500%),

7/1/2026

b

109,259

INEOS

US

Petrochem,

LLC,

Term

Loan

210,000

0.000%, 

(LIBOR

1M

+

2.750%),

1/21/2026

b,c,d

210,613

Innophos

Holdings,

Inc.,

Term

Loan

109,175

3.621%, 

(LIBOR

1M

+

3.500%),

2/7/2027

b

109,085

Nouryon

USA,

LLC,

Term

Loan

302,658

3.129%, 

(LIBOR

1M

+

3.000%),

10/1/2025

b

301,145

Pixelle

Specialty

Solutions,

LLC,

Term

Loan

186,309

7.500%, 

(LIBOR

1M

+

6.500%),

10/31/2024

b

186,356

PQ

Corporation,

Term

Loan

96,592

4.000%, 

(LIBOR

3M

+

3.000%),

2/7/2027

b

96,640

Total

1,382,308

Capital

Goods

(0.2%)

Asplundh

Tree

Expert,

LLC,

Term

Loan

79,800

2.621%, 

(LIBOR

1M

+

2.500%),

9/4/2027

b

79,966

Flex

Acquisition

Company,

Inc.

Term

Loan

239,091

3.238%, 

(LIBOR

3M

+

3.000%),

6/29/2025

b

237,389

Gemini

HDPE,

LLC,

Term

Loan

185,000

3.500%, 

(LIBOR

3M

+

3.000%),

12/28/2027

b,c,d

183,690

GFL

Environmental,

Inc.,

Term

Loan

205,000

3.500%, 

(LIBOR

3M

+

3.000%),

5/31/2025

b

205,683

Graham

Packaging

Company,

Inc.,

Term

Loan

107,763

4.500%, 

(LIBOR

1M

+

3.750%),

8/4/2027

b

108,017

MI

Windows

and

Doors,

Inc.,

Term

Loan

175,000

4.500%, 

(LIBOR

1M

+

3.750%),

12/15/2027

b,e

176,312

Navistar,

Inc.,

Term

Loan

266,750

3.630%, 

(LIBOR

1M

+

3.500%),

11/6/2024

b

266,150

Pactiv

Evergreen

Group

Holdings,

Inc.,

Term

Loan

152,822

2.871%, 

(LIBOR

1M

+

2.750%),

2/5/2023

b

152,728

Principal

Amount

Bank

Loans

(2.2%)

a

Value

Capital

Goods

(0.2%)

-

continued

$

85,000

3.371%, 

(LIBOR

1M

+

3.250%),

2/16/2026

b

$

85,042

TransDigm

,

Inc.,

Term

Loan

382,145

2.371%, 

(LIBOR

1M

+

2.250%),

12/9/2025

b

375,259

Vertiv

Group

Corporation,

Term

Loan

367,225

3.144%, 

(LIBOR

1M

+

3.000%),

3/2/2027

b

367,445

Total

2,237,681

Communications

Services

(0.5%)

Altice

France

SA,

Term

Loan

115,500

2.871%, 

(LIBOR

1M

+

2.750%),

7/31/2025

b

113,960

Cablevision

Lightpath

,

LLC,

Term

Loan

184,537

3.750%, 

(LIBOR

1M

+

3.250%),

12/1/2027

b

184,999

CCI

Buyer,

Inc.,

Term

Loan

60,000

4.750%, 

(LIBOR

2M

+

4.000%),

12/12/2027

b

60,360

CommScope

,

Inc.,

Term

Loan

208,942

3.371%, 

(LIBOR

1M

+

3.250%),

4/4/2026

b

208,257

Coral-US

Co-Borrower,

LLC,

Term

Loan

455,000

2.371%, 

(LIBOR

1M

+

2.250%),

1/31/2028

b

452,443

Diamond

Sports

Group,

LLC,

Term

Loan

341,556

3.380%, 

(LIBOR

1M

+

3.250%),

8/24/2026

b

290,039

E.W.

Scripps

Company,

Term

Loan

220,000

3.750%, 

(LIBOR

1M

+

3.000%),

12/15/2027

b,c,d

219,835

Eagle

Broadband

Investments,

LLC,

Term

Loan

305,000

3.750%, 

(LIBOR

3M

+

3.000%),

11/12/2027

b

306,208

Entercom

Media

Corporation,

Term

Loan

166,710

2.623%, 

(LIBOR

1M

+

2.500%),

11/17/2024

b

164,071

GCI,

LLC,

Term

Loan

289,275

3.500%, 

(LIBOR

1M

+

2.750%),

10/15/2025

b,c,d

288,913

Gray

Television,

Inc.,

Term

Loan

100,000

2.394%, 

(LIBOR

1M

+

2.250%),

2/7/2024

b

99,438

HCP

Acquisition,

LLC,

Term

Loan

282,981

4.000%, 

(LIBOR

1M

+

3.000%),

5/16/2024

b

283,386

iHeartCommunications

,

Inc.,

Term

Loan

129,023

3.121%, 

(LIBOR

1M

+

3.000%),

5/1/2026

b

127,313

Lumen

Technologies,

Inc.,

Term

Loan

257,400

2.371%, 

(LIBOR

1M

+

2.250%),

3/15/2027

b

256,306

Meredith

Corporation,

Term

Loan

159,599

5.250%, 

(LIBOR

3M

+

4.250%),

1/31/2025

b

162,093

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

204

Principal

Amount

Bank

Loans

(2.2%)

a

Value

Communications

Services

(0.5%)

-

continued

NEP

Group,

Inc.,

Term

Loan

$

171,500

3.371%, 

(LIBOR

1M

+

3.250%),

10/20/2025

b

$

163,306

25,000

7.121%, 

(LIBOR

1M

+

7.000%),

10/19/2026

b

22,325

Nexstar

Broadcasting,

Inc.,

Term

Loan

246,980

2.894%, 

(LIBOR

1M

+

2.750%),

9/19/2026

b

246,945

Nielsen

Finance,

LLC,

Term

Loan

89,325

4.750%, 

(LIBOR

1M

+

3.750%),

6/4/2025

b

89,828

Radiate

Holdco,

LLC,

Term

Loan

430,000

4.250%, 

(LIBOR

1M

+

3.500%),

9/25/2026

b

429,643

SBA

Senior

Finance

II,

LLC,

Term

Loan

197,531

1.880%, 

(LIBOR

1M

+

1.750%),

4/11/2025

b

196,589

Terrier

Media

Buyer,

Inc.,

Term

Loan

260,000

0.000%, 

(LIBOR

1M

+

3.500%),

12/17/2026

b,c,d

259,610

143,550

4.371%, 

(LIBOR

1M

+

4.250%),

12/17/2026

b

143,442

59,700

4.371%, 

(LIBOR

1M

+

4.250%),

12/17/2026

b

59,700

TNS,

Inc.,

Term

Loan

199,722

4.130%, 

(LIBOR

1M

+

4.000%),

8/14/2022

b

199,848

Virgin

Media

Bristol,

LLC,

Term

Loan

300,000

0.000%, 

(LIBOR

1M

+

3.250%),

1/31/2029

b,c,d

300,042

WideOpenWest

Finance,

LLC,

Term

Loan

215,847

4.250%, 

(LIBOR

1M

+

3.250%),

8/19/2023

b

215,174

Xplornet

Communications,

Inc.,

Term

Loan

189,162

4.871%, 

(LIBOR

1M

+

4.750%),

6/10/2027

b

190,649

Ziggo

Financing

Partnership,

Term

Loan

240,000

2.627%, 

(LIBOR

1M

+

2.500%),

4/30/2028

b

238,399

Total

5,973,121

Consumer

Cyclical

(0.3%)

1011778

B.C.,

LLC,

Term

Loan

273,618

1.871%, 

(LIBOR

1M

+

1.750%),

11/19/2026

b

271,508

Caesars

Resort

Collection,

LLC,

Term

Loan

244,387

4.621%, 

(LIBOR

1M

+

4.500%),

7/20/2025

b

244,082

Carnival

Corporation,

Term

Loan

124,687

8.500%, 

(LIBOR

1M

+

7.500%),

6/30/2025

b

128,194

Cengage

Learning,

Inc.,

Term

Loan

115,149

5.250%, 

(LIBOR

3M

+

4.250%),

6/7/2023

b

110,529

Principal

Amount

Bank

Loans

(2.2%)

a

Value

Consumer

Cyclical

(0.3%)

-

continued

CP

Atlas

Buyer,

Inc.,

Term

Loan

$

100,000

0.000%, 

(LIBOR

1M

+

3.750%),

12/27/2027

b,c,d

$

100,000

Four

Seasons

Hotels,

Ltd.,

Term

Loan

193,939

2.121%, 

(LIBOR

1M

+

2.000%),

11/30/2023

b

193,115

Golden

Entertainment,

Inc.,

Term

Loan

376,350

3.750%, 

(LIBOR

1M

+

3.000%),

10/20/2024

b

372,745

Golden

Nugget,

LLC,

Term

Loan

163,159

3.365%, 

(LIBOR

2M

+

2.500%),

10/4/2023

b

159,641

Harbor

Freight

Tools

USA,

Inc.,

Term

Loan

234,412

4.000%, 

(LIBOR

1M

+

3.250%),

10/19/2027

b

234,530

LCPR

Loan

Financing,

LLC,

Term

Loan

405,000

5.127%, 

(LIBOR

1M

+

5.000%),

10/15/2026

b

408,163

Michaels

Stores,

Inc.,

Term

Loan

169,150

4.250%, 

(LIBOR

1M

+

3.500%),

10/1/2027

b

168,727

Penn

National

Gaming,

Inc.,

Term

Loan

118,546

3.000%, 

(LIBOR

1M

+

2.250%),

10/15/2025

b

117,953

PetSmart,

Inc.,

Term

Loan

85,000

0.000%, 

(LIBOR

1M

+

3.750%),

1/29/2028

b,c,d

84,894

Scientific

Games

International,

Inc.,

Term

Loan

652,641

2.871%, 

(LIBOR

1M

+

2.750%),

8/14/2024

b

640,815

Staples,

Inc.,

Term

Loan

35,370

4.714%, 

(LIBOR

3M

+

4.500%),

9/12/2024

b

34,822

141,634

5.214%, 

(LIBOR

3M

+

5.000%),

4/12/2026

b

138,447

Stars

Group

Holdings

BV,

Term

Loan

84,321

3.754%, 

(LIBOR

3M

+

3.500%),

7/10/2025

b

84,507

Tenneco,

Inc.,

Term

Loan

180,252

3.121%, 

(LIBOR

1M

+

3.000%),

10/1/2025

b

177,954

Truck

Hero,

Inc.,

Term

Loan

45,000

0.000%, 

(LIBOR

1M

+

3.750%),

1/20/2028

b,c,d

45,023

Wyndham

Hotels

&

Resorts,

Inc.,

Term

Loan

136,850

1.871%, 

(LIBOR

1M

+

1.750%),

5/30/2025

b

135,900

Total

3,851,549

Consumer

Non-Cyclical

(0.4%)

Adient

US,

LLC,

Term

Loan

144,633

4.394%, 

(LIBOR

1M

+

4.250%),

5/6/2024

b

144,633

Aramark

Services,

Inc.,

Term

Loan

550,000

1.871%, 

(LIBOR

1M

+

1.750%),

3/11/2025

b

544,500

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

205

Principal

Amount

Bank

Loans

(2.2%)

a

Value

Consumer

Non-Cyclical

(0.4%)

-

continued

Bausch

Health

Americas,

Inc.,

Term

Loan

$

328,704

3.121%, 

(LIBOR

1M

+

3.000%),

6/1/2025

b

$

328,757

Bellring

Brands,

LLC,

Term

Loan

64,425

6.000%, 

(LIBOR

1M

+

5.000%),

10/21/2024

b

64,941

Change

Healthcare

Holdings,

LLC,

Term

Loan

125,606

3.500%, 

(LIBOR

1M

+

2.500%),

3/1/2024

b

125,606

Chobani

,

LLC,

Term

Loan

94,762

4.500%, 

(LIBOR

1M

+

3.500%),

10/23/2027

b

95,059

CNT

Holdings

I

Corporation,

Term

Loan

125,000

4.500%, 

(LIBOR

3M

+

3.750%),

11/8/2027

b

125,536

35,000

7.500%, 

(LIBOR

3M

+

6.750%),

11/6/2028

b,e

35,700

Dole

Food

Company,

Inc.,

Term

Loan

216,133

3.750%, 

(LIBOR

1M

+

2.750%),

4/6/2024

b

215,980

Endo

International

plc,

Term

Loan

133,773

5.000%, 

(LIBOR

3M

+

4.250%),

4/27/2024

b

132,602

Froneri

U.S.,

Inc.,

Term

Loan

79,600

2.371%, 

(LIBOR

1M

+

2.250%),

1/31/2027

b

79,147

Global

Medical

Response,

Inc.,

Term

Loan

29,100

5.250%, 

(LIBOR

3M

+

4.250%),

3/14/2025

b

29,020

585,000

5.750%, 

(LIBOR

3M

+

4.750%),

10/2/2025

b

585,146

Grifols

Worldwide

Operations

USA,

Inc.,

Term

Loan

169,572

2.092%, 

(LIBOR

1W

+

2.000%),

11/15/2027

b

169,148

IQVIA,

Inc.,

Term

Loan

59,538

1.871%, 

(LIBOR

1M

+

1.750%),

1/1/2025

b

59,449

JBS

USA

LUX

SA,

Term

Loan

291,294

2.121%, 

(LIBOR

1M

+

2.000%),

5/1/2026

b

290,688

MPH

Acquisition

Holdings,

LLC,

Term

Loan

449,196

3.750%, 

(LIBOR

3M

+

2.750%),

6/7/2023

b

448,383

Ortho-Clinical

Diagnostics

SA,

Term

Loan

554,600

3.394%, 

(PRIME

+

2.250%),

6/30/2025

b

552,936

Plantronics,

Inc.,

Term

Loan

130,682

2.621%, 

(LIBOR

1M

+

2.500%),

7/2/2025

b

129,138

PPD,

Inc.,

Term

Loan

160,000

2.750%, 

(LIBOR

1M

+

2.250%),

1/6/2028

b

160,600

Precision

Medicine

Group,

LLC,

Term

Loan

30,000

0.000%, 

(LIBOR

1M

+

3.750%),

11/20/2027

b,c,d

30,094

Principal

Amount

Bank

Loans

(2.2%)

a

Value

Consumer

Non-Cyclical

(0.4%)

-

continued

$

205,000

4.500%, 

(LIBOR

3M

+

3.750%),

11/20/2027

b

$

205,642

Sotera

Health

Holdings,

LLC,

Term

Loan

127,000

0.000%, 

(LIBOR

1M

+

2.750%),

12/13/2026

b,c,d

126,629

US

Foods,

Inc.,

Term

Loan

89,299

1.871%, 

(LIBOR

1M

+

1.750%),

6/27/2023

b

88,385

Total

4,767,719

Energy

(0.1%)

Buckeye

Partners,

LP,

Term

Loan

210,000

0.000%, 

(LIBOR

1M

+

2.250%),

11/1/2026

b,c,d

209,882

347,375

2.897%, 

(PRIME

+

1.750%),

11/1/2026

b

347,180

Calpine

Corporation,

Term

Loan

235,000

2.630%, 

(LIBOR

1M

+

2.500%),

12/16/2027

b

235,099

Energizer

Holdings,

Inc.,

Term

Loan

65,000

2.750%, 

(LIBOR

1M

+

2.250%),

12/16/2027

b

64,960

Lealand

Finance

Company

BV,

Term

Loan

52,233

0.000%,PIK

3.000%,

(LIBOR

1M

+

4.000%),

6/30/2025

b,f

33,778

Lummus

Technology

Holdings

V,

LLC,

Term

Loan

204,488

4.121%, 

(LIBOR

1M

+

4.000%),

6/30/2027

b

204,872

Total

1,095,771

Financials

(0.2%)

Asurion

,

LLC,

Term

Loan

270,000

3.371%, 

(LIBOR

1M

+

3.250%),

12/18/2026

b,c,d

268,426

95,000

0.000%, 

(LIBOR

1M

+

3.250%),

8/3/2027

b,c,d

94,406

175,000

0.000%, 

(LIBOR

1M

+

5.250%),

2/3/2028

b,c,d

176,312

Avolon

TLB

Borrower

1

US,

LLC,

Term

Loan

121,007

2.500%, 

(LIBOR

1M

+

1.750%),

1/15/2025

b

120,594

Blackstone

CQP

Holdco,

LP,

Term

Loan

384,150

3.736%, 

(LIBOR

3M

+

3.500%),

9/30/2024

b

383,808

BPR

Nimbus,

LLC,

Term

Loan

153,839

2.621%, 

(LIBOR

1M

+

2.500%),

8/24/2025

b

148,967

Delos

Finance

SARL,

Term

Loan

110,000

2.004%, 

(LIBOR

3M

+

1.750%),

10/6/2023

b

109,756

INEOS

US

Finance,

LLC,

Term

Loan

89,309

2.121%, 

(LIBOR

1M

+

2.000%),

3/31/2024

b

88,731

Level

3

Financing,

Inc.,

Term

Loan

250,000

1.871%, 

(LIBOR

1M

+

1.750%),

3/1/2027

b

248,282

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

206

Principal

Amount

Bank

Loans

(2.2%)

a

Value

Financials

(0.2%)

-

continued

MoneyGram

International,

Inc.,

Term

Loan

$

144,085

7.000%, 

(LIBOR

3M

+

6.000%),

6/30/2023

b

$

143,664

NCR

Corporation,

Term

Loan

107,525

2.720%, 

(LIBOR

3M

+

2.500%),

8/28/2026

b

107,167

Newco

Financing

Partnership,

Term

Loan

197,500

3.627%, 

(LIBOR

3M

+

3.500%),

1/31/2029

b,c,d

197,451

Northriver

Midstream

Finance,

LP,

Term

Loan

202,412

3.488%, 

(LIBOR

3M

+

3.250%),

10/1/2025

b

201,653

TricorBraun

Holdings,

Inc.,

Delayed

Draw

45,907

0.000%, 

(LIBOR

1M

+

3.250%),

1/29/2028

b,c,d

45,792

TricorBraun

Holdings,

Inc.,

Term

Loan

204,093

0.000%, 

(LIBOR

1M

+

3.250%),

1/29/2028

b,c,d

203,583

UPC

Financing

Partnership,

Term

Loan

197,500

3.627%, 

(LIBOR

3M

+

3.500%),

1/31/2029

b,c,d

197,451

Total

2,736,043

Technology

(0.2%)

Clear

Channel

Outdoor

Holdings,

Inc.,

Term

Loan

216,823

3.711%, 

(LIBOR

2M

+

3.500%),

8/21/2026

b

211,199

Prime

Security

Services

Borrower,

LLC,

Term

Loan

585,000

0.000%, 

(LIBOR

1M

+

2.750%),

9/23/2026

b,c,d

584,479

Rackspace

Technology

Global,

Inc.,

Term

Loan

472,801

4.000%, 

(LIBOR

1M

+

3.000%),

11/3/2023

b

472,536

SS&C

Technologies,

Inc.,

Term

Loan

173,482

1.871%, 

(LIBOR

1M

+

1.750%),

4/16/2025

b

172,377

136,016

1.871%, 

(LIBOR

1M

+

1.750%),

4/16/2025

b

135,150

Zayo

Group

Holdings,

Inc.,

Term

Loan

311,776

3.121%, 

(LIBOR

1M

+

3.000%),

3/9/2027

b

309,659

Total

1,885,400

Transportation

(0.1%)

Delta

Air

Lines,

Inc.,

Term

Loan

74,625

5.750%, 

(LIBOR

1M

+

4.750%),

4/29/2023

b

75,782

Genesee

&

Wyoming,

Inc.,

Term

Loan

218,350

2.254%, 

(LIBOR

3M

+

2.000%),

12/30/2026

b

218,077

Principal

Amount

Bank

Loans

(2.2%)

a

Value

Transportation

(0.1%)

-

continued

Mileage

Plus

Holdings,

LLC,

Term

Loan

$

125,000

6.250%, 

(LIBOR

3M

+

5.250%),

6/20/2027

b

$

133,147

SkyMiles

IP,

Ltd.,

Term

Loan

170,000

4.750%, 

(LIBOR

3M

+

3.750%),

10/20/2027

b

177,820

United

Airlines,

Inc.,

Term

Loan

163,303

1.895%, 

(LIBOR

1M

+

1.750%),

4/1/2024

b

159,936

Total

764,762

Utilities

(0.1%)

Advanced

Drainage

Systems,

Inc.,

Term

Loan

37,539

2.438%, 

(LIBOR

1M

+

2.250%),

9/24/2026

b

37,492

Core

and

Main,

LP,

Term

Loan

273,892

3.750%, 

(LIBOR

3M

+

2.750%),

8/1/2024

b

273,071

EnergySolutions

,

LLC,

Term

Loan

136,500

4.750%, 

(LIBOR

3M

+

3.750%),

5/11/2025

b,e

135,817

Exgen

Renewables

IV,

LLC,

Term

Loan

245,000

3.750%, 

(LIBOR

3M

+

2.750%),

12/11/2027

b,c,d

246,348

Pacific

Gas

and

Electric

Company,

Term

Loan

273,625

6.750%, 

(PRIME

+

3.500%),

6/23/2025

b

275,814

PG&E

Corporation,

Term

Loan

345,000

0.000%, 

(LIBOR

1M

+

3.000%),

6/23/2025

b,c,d,e

348,881

Total

1,317,423

Total

Bank

Loans

(cost

$25,763,387)

26,011,777

Principal

Amount

Long-Term

Fixed

Income

(

40.1%

)

Value

Asset-Backed

Securities

(1.9%)

522

Funding

CLO,

Ltd.

475,000

1.824%, 

(LIBOR

3M

+

1.600%),

4/20/2030,

Ser.

2019-4A,

Class

BR

b,g

475,052

Access

Group,

Inc.

102,166

0.648%, 

(LIBOR

1M

+

0.500%),

2/25/2036,

Ser.

2013-1,

Class

A

b,g

101,226

Aimco

CLO

10,

Ltd.

400,000

1.542%, 

(LIBOR

3M

+

1.320%),

7/22/2032,

Ser.

2019-10A,

Class

A

b,g

400,346

Aimco

CLO

11,

Ltd.

650,000

1.605%, 

(LIBOR

3M

+

1.380%),

10/15/2031,

Ser.

2020-11A,

Class

A1

b,g

651,059

Ares

CLO,

Ltd.

550,000

1.623%, 

(LIBOR

3M

+

1.400%),

10/17/2030,

Ser.

2018-28RA,

Class

A2

b,g

550,169

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

207

Principal

Amount

Long-Term

Fixed

Income

(40.1%)

Value

Asset-Backed

Securities

(1.9%)

-

continued

Ares

XXXIIR

CLO,

Ltd.

$

525,000

2.221%, 

(LIBOR

3M

+

2.000%),

5/15/2030,

Ser.

2014-32RA,

Class

A2BR

b,g

$

525,113

Benefit

Street

Partners

CLO

IV,

Ltd.

700,000

1.474%, 

(LIBOR

3M

+

1.250%),

1/20/2029,

Ser.

2014-IVA,

Class

A1RR

b,g

700,156

450,000

1.974%, 

(LIBOR

3M

+

1.750%),

1/20/2029,

Ser.

2014-IVA,

Class

A2RR

b,g

450,413

Buttermilk

Park

CLO,

Ltd.

925,000

1.641%, 

(LIBOR

3M

+

1.400%),

10/15/2031,

Ser.

2018-1A,

Class

A2

b,g

925,270

Carlyle

Global

Market

Strategies

CLO,

Ltd.

600,000

1.691%, 

(LIBOR

3M

+

1.450%),

7/15/2031,

Ser.

2014-5A,

Class

A2RR

b,g

600,112

CBAM,

Ltd.

600,000

1.521%, 

(LIBOR

3M

+

1.280%),

2/12/2030,

Ser.

2019-9A,

Class

A

b,g

600,150

Cent

CLO,

LP

175,000

2.518%, 

(LIBOR

3M

+

2.300%),

10/25/2028,

Ser.

2018-27A,

Class

B

b,g

175,088

CIFC

Funding,

Ltd.

250,000

1.805%, 

(LIBOR

3M

+

1.600%),

10/20/2031,

Ser.

2020-3A,

Class

A2

b,g

250,743

Colony

American

Finance

Trust

630,108

2.835%, 

6/15/2052,

Ser.

2019-2,

Class

A

g

672,287

Commonbond

Student

Loan

Trust

100,225

0.630%, 

(LIBOR

1M

+

0.500%),

2/25/2044,

Ser.

2018-AGS,

Class

A2

b,g

99,533

CoreVest

American

Finance

Trust

878,598

2.705%, 

10/15/2052,

Ser.

2019-3,

Class

A

g

929,146

Dryden

36

Senior

Loan

Fund

375,000

2.291%, 

(LIBOR

3M

+

2.050%),

4/15/2029,

Ser.

2014-36A,

Class

CR3

b,g

375,215

Dryden

Senior

Loan

Fund

500,000

1.623%, 

(LIBOR

3M

+

1.400%),

7/18/2030,

Ser.

2018-65A,

Class

A2

b,g

500,165

Earnest

Student

Loan

Program,

LLC

84,180

3.020%, 

5/25/2034,

Ser.

2016-B,

Class

A2

g

84,419

ECMC

Group

Student

Loan

Trust

451,259

1.280%, 

(LIBOR

1M

+

1.150%),

11/25/2069,

Ser.

2020-2A,

Class

A

b,g

455,919

Flatiron

CLO,

Ltd.

250,000

1.998%, 

(LIBOR

3M

+

1.750%),

11/20/2033,

Ser.

2020-1A,

Class

B

b,g

251,620

Principal

Amount

Long-Term

Fixed

Income

(40.1%)

Value

Asset-Backed

Securities

(1.9%)

-

continued

Galaxy

XX

CLO,

Ltd.

$

550,000

1.224%, 

(LIBOR

3M

+

1.000%),

4/20/2031,

Ser.

2015-20A,

Class

AR

b,g

$

549,987

Golub

Capital

Partners,

Ltd.

491,945

1.374%, 

(LIBOR

3M

+

1.150%),

10/20/2028,

Ser.

2018-39A,

Class

A1

b,g

492,054

468,000

1.424%, 

(LIBOR

3M

+

1.200%),

1/20/2031,

Ser.

2015-23A,

Class

AR

b,g

467,978

Harley

Marine

Financing,

LLC

1,188,815

5.682%, 

5/15/2043,

Ser.

2018-1A,

Class

A2

g

1,079,440

Home

Partners

of

America

Trust

709,585

2.908%, 

9/17/2039,

Ser.

2019-1,

Class

A

g

752,048

693,453

2.703%, 

10/19/2039,

Ser.

2019-2,

Class

A

g

731,408

Laurel

Road

Prime

Student

Loan

Trust

466,397

5.600%, 

11/25/2043,

Ser.

2018-D,

Class

A

b,g

484,895

Madison

Park

Funding

XIV,

Ltd.

400,000

1.622%, 

(LIBOR

3M

+

1.400%),

10/22/2030,

Ser.

2014-14A,

Class

A2RR

b,g

400,045

Madison

Park

Funding,

Ltd.

425,000

2.300%, 

(LIBOR

3M

+

2.100%),

1/20/2029,

Ser.

2012-10A,

Class

CR3

b,g

425,045

Magnetite

XII,

Ltd.

525,000

1.341%, 

(LIBOR

3M

+

1.100%),

10/15/2031,

Ser.

2015-12A,

Class

ARR

b,g

525,154

Mountain

View

CLO,

Ltd.

375,000

1.361%, 

(LIBOR

3M

+

1.120%),

7/15/2031,

Ser.

2015-9A,

Class

A1R

b,g

374,726

MRA

Issuance

Trust

900,000

1.477%, 

(LIBOR

1M

+

1.350%),

7/15/2021,

Ser.

2020-12,

Class

A1X

b,g

899,971

National

Collegiate

Trust

192,877

0.425%, 

(LIBOR

1M

+

0.295%),

5/25/2031,

Ser.

2007-A,

Class

A

b,g

189,341

Neuberger

Berman

CLO,

Ltd.

250,000

1.252%, 

(LIBOR

3M

+

1.030%),

4/22/2029,

Ser.

2014-17A,

Class

AR2

b,g

250,074

Octagon

Investment

Partners

XVI,

Ltd.

100,000

1.623%, 

(LIBOR

3M

+

1.400%),

7/17/2030,

Ser.

2013-1A,

Class

A2R

b,g

100,029

OZLM

VIII,

Ltd.

763,987

1.393%, 

(LIBOR

3M

+

1.170%),

10/17/2029,

Ser.

2014-8A,

Class

A1RR

b,g

764,037

Palmer

Square

CLO,

Ltd.

450,000

2.238%, 

(LIBOR

3M

+

2.000%),

5/21/2029,

Ser.

2015-1A,

Class

BR3

b,g

450,090

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

208

Principal

Amount

Long-Term

Fixed

Income

(40.1%)

Value

Asset-Backed

Securities

(1.9%)

-

continued

Palmer

Square

Loan

Funding,

Ltd.

$

300,000

1.874%, 

(LIBOR

3M

+

1.650%),

4/20/2027,

Ser.

2019-1A,

Class

A2

b,g

$

300,188

PPM

CLO

3,

Ltd.

250,000

1.623%, 

(LIBOR

3M

+

1.400%),

7/17/2030,

Ser.

2019-3A,

Class

A

b,g

250,238

Pretium

Mortgage

Credit

Partners,

LLC

408,641

3.721%, 

2/27/2060,

Ser.

2020-NPL2,

Class

A1

g,h

412,614

Shackleton

CLO,

Ltd.

350,000

1.411%, 

(LIBOR

3M

+

1.170%),

7/15/2031,

Ser.

2015-7RA,

Class

A1

b,g

350,029

SLM

Student

Loan

Trust

141,084

0.530%, 

(LIBOR

1M

+

0.400%),

3/25/2025,

Ser.

2010-1,

Class

A

b

137,762

Sound

Point

CLO

XIV,

Ltd.

550,000

2.288%, 

(LIBOR

3M

+

2.050%),

1/23/2029,

Ser.

2016-3A,

Class

CR

b,d,g

550,059

THL

Credit

Wind

River

CLO,

Ltd.

300,000

1.654%, 

(LIBOR

3M

+

1.430%),

10/20/2033,

Ser.

2020-1A,

Class

A

b,g

301,448

Upstart

Securitization

Trust

309,048

1.702%, 

11/20/2030,

Ser.

2020-3,

Class

A

g

311,271

VCAT

Asset

Securitization,

LLC

225,000

4.826%, 

12/26/2050,

Ser.

2021-NPL1,

Class

A2

g

225,163

Voya

CLO,

Ltd.

299,532

1.441%, 

(LIBOR

3M

+

1.200%),

10/15/2030,

Ser.

2012-4A,

Class

A1AR

b,g

299,563

Whitebox

CLO

II,

Ltd.

250,000

2.492%, 

(LIBOR

3M

+

2.250%),

10/24/2031,

Ser.

2020-2A,

Class

B

b,g

250,747

Total

22,098,605

Basic

Materials

(0.4%)

Air

Products

and

Chemicals,

Inc.

275,000

2.700%, 

5/15/2040

287,667

Alcoa

Nederland

Holding

BV

120,000

5.500%, 

12/15/2027

g

129,032

Anglo

American

Capital

plc

100,000

4.875%, 

5/14/2025

g

115,554

BWAY

Holding

Company

100,000

5.500%, 

4/15/2024

g

101,208

Cleveland-Cliffs,

Inc.

80,000

5.750%, 

3/1/2025

81,800

70,000

9.875%, 

10/17/2025

g

82,312

DowDuPont

,

Inc.

150,000

4.493%, 

11/15/2025

174,228

EI

du

Pont

de

Nemours

&

Company

145,000

2.300%, 

7/15/2030

151,383

First

Quantum

Minerals,

Ltd.

130,000

7.500%, 

4/1/2025

g

134,391

Principal

Amount

Long-Term

Fixed

Income

(40.1%)

Value

Basic

Materials

(0.4%)

-

continued

Freeport-McMoRan,

Inc.

$

100,000

4.125%, 

3/1/2028

$

105,180

110,000

4.250%, 

3/1/2030

119,247

Glencore

Funding,

LLC

23,000

4.125%, 

5/30/2023

g

24,802

235,000

4.000%, 

3/27/2027

g

266,887

Ingevity

Corporation

140,000

3.875%, 

11/1/2028

g

140,365

International

Paper

Company

222,000

4.350%, 

8/15/2048

282,335

Kinross

Gold

Corporation

80,000

5.950%, 

3/15/2024

91,477

245,000

4.500%, 

7/15/2027

283,745

Kraton

Polymers,

LLC

125,000

4.250%, 

12/15/2025

g

125,625

Mercer

International,

Inc.

90,000

5.125%, 

2/1/2029

g

91,575

Methanex

Corporation

110,000

5.250%, 

12/15/2029

115,156

Norbord,

Inc.

140,000

5.750%, 

7/15/2027

g

150,325

Novelis

Corporation

165,000

5.875%, 

9/30/2026

g

172,838

60,000

4.750%, 

1/30/2030

g

63,000

OCI

NV

130,000

4.625%, 

10/15/2025

g

134,527

Olin

Corporation

165,000

5.125%, 

9/15/2027

171,188

Sherwin-Williams

Company

100,000

3.125%, 

6/1/2024

108,036

Steel

Dynamics,

Inc.

300,000

1.650%, 

10/15/2027

307,272

Syngenta

Finance

NV

250,000

3.933%, 

4/23/2021

g

251,056

Teck

Resources,

Ltd.

301,000

6.125%, 

10/1/2035

383,158

Tronox

Finance

plc

70,000

5.750%, 

10/1/2025

g

71,750

Vale

Overseas,

Ltd.

120,000

6.250%, 

8/10/2026

147,300

70,000

6.875%, 

11/21/2036

100,314

Venator

Finance

SARL

70,000

5.750%, 

7/15/2025

g

69,125

WestRock

Company

70,000

3.750%, 

3/15/2025

77,827

Total

5,111,685

Capital

Goods

(0.7%)

AECOM

230,000

5.125%, 

3/15/2027

257,301

Amsted

Industries,

Inc.

205,000

5.625%, 

7/1/2027

g

216,275

Ardagh

Packaging

Finance

plc

180,000

5.250%, 

8/15/2027

g

186,577

BAE

Systems

plc

350,000

1.900%, 

2/15/2031

g

349,237

Berry

Global,

Inc.

100,000

4.875%, 

7/15/2026

g

107,050

Boeing

Company

140,000

5.930%, 

5/1/2060

188,069

185,000

5.040%, 

5/1/2027

215,502

212,000

5.150%, 

5/1/2030

251,739

325,000

5.705%, 

5/1/2040

412,200

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

209

Principal

Amount

Long-Term

Fixed

Income

(40.1%)

Value

Capital

Goods

(0.7%)

-

continued

Carrier

Global

Corporation

$

275,000

2.700%, 

2/15/2031

$

290,860

Cintas

Corporation

No.

2

125,000

3.700%, 

4/1/2027

143,560

Clean

Harbors,

Inc.

110,000

4.875%, 

7/15/2027

g

115,816

CNH

Industrial

Capital,

LLC

180,000

4.875%, 

4/1/2021

181,296

CNH

Industrial

NV

110,000

3.850%, 

11/15/2027

126,093

Covanta

Holding

Corporation

120,000

6.000%, 

1/1/2027

125,346

80,000

5.000%, 

9/1/2030

84,000

Crown

Cork

&

Seal

Company,

Inc.

240,000

7.375%, 

12/15/2026

291,600

Emerson

Electric

Company

275,000

1.800%, 

10/15/2027

287,545

GFL

Environmental,

Inc.

30,000

4.000%, 

8/1/2028

g

29,700

140,000

3.500%, 

9/1/2028

g

137,770

H&E

Equipment

Services,

Inc.

170,000

3.875%, 

12/15/2028

g

169,175

Howmet

Aerospace,

Inc.

110,000

6.875%, 

5/1/2025

128,150

Ingersoll-Rand

Luxembourg

Finance

SA

200,000

3.500%, 

3/21/2026

223,918

Jeld-Wen

,

Inc.

80,000

6.250%, 

5/15/2025

g

85,800

30,000

4.625%, 

12/15/2025

g

30,600

L3Harris

Technologies,

Inc.

309,000

3.950%, 

5/28/2024

338,484

Lockheed

Martin

Corporation

184,000

4.500%, 

5/15/2036

238,725

40,000

6.150%, 

9/1/2036

60,106

Northrop

Grumman

Corporation

300,000

3.850%, 

4/15/2045

350,618

Owens-Brockway

Glass

Container,

Inc.

80,000

5.875%, 

8/15/2023

g

85,600

Republic

Services,

Inc.

125,000

2.900%, 

7/1/2026

136,403

Reynolds

Group

Issuer,

Inc.

9,000

5.125%, 

7/15/2023

g

9,112

Roper

Technologies,

Inc.

75,000

3.650%, 

9/15/2023

81,069

104,000

4.200%, 

9/15/2028

122,289

165,000

1.750%, 

2/15/2031

162,028

SRM

Escrow

Issuer,

LLC

150,000

6.000%, 

11/1/2028

g

157,620

Standard

Industries,

Inc.

220,000

4.375%, 

7/15/2030

g

233,475

Textron,

Inc.

275,000

3.375%, 

3/1/2028

298,321

TransDigm

,

Inc.

75,000

6.250%, 

3/15/2026

g

79,327

300,000

5.500%, 

11/15/2027

307,860

20,000

4.625%, 

1/15/2029

g

19,863

United

Rentals

North

America,

Inc.

280,000

4.000%, 

7/15/2030

295,316

United

Technologies

Corporation

200,000

4.450%, 

11/16/2038

244,985

175,000

3.750%, 

11/1/2046

200,957

Principal

Amount

Long-Term

Fixed

Income

(40.1%)

Value

Capital

Goods

(0.7%)

-

continued

WESCO

Distribution,

Inc.

$

100,000

7.250%, 

6/15/2028

g

$

112,336

Total

8,169,673

Collateralized

Mortgage

Obligations

(1.5%)

Ajax

Mortgage

Loan

Trust

462,583

4.360%, 

9/25/2065,

Ser.

2018-C,

Class

A

b,g

468,975

Alternative

Loan

Trust

159,389

6.000%, 

8/1/2036,

Ser.

2006-24CB,

Class

A9

129,714

Angel

Oak

Mortgage

Trust

I,

LLC

419,340

3.674%, 

7/27/2048,

Ser.

2018-2,

Class

A1

b,g

425,491

Bellemeade

Re,

Ltd.

93,341

1.730%, 

(LIBOR

1M

+

1.600%),

4/25/2028,

Ser.

2018-1A,

Class

M1B

b,g

93,430

112,143

1.230%, 

(LIBOR

1M

+

1.100%),

7/25/2029,

Ser.

2019-3A,

Class

M1A

b,g

112,166

168,303

2.780%, 

(LIBOR

1M

+

2.650%),

6/25/2030,

Ser.

2020-1A,

Class

M1A

b,g

168,706

BRAVO

Residential

Funding

Trust

205,009

3.500%, 

3/25/2058,

Ser.

2019-1,

Class

A1C

g

211,387

675,000

1.991%, 

1/25/2024,

Ser.

2021-A,

Class

A1

g,h

674,989

CHL

Mortgage

Pass-Through

Trust

1,007,043

6.000%, 

11/25/2037,

Ser.

2007-18,

Class

1A2

786,893

CIM

Trust

610,729

5.000%, 

12/25/2057,

Ser.

2018-R3,

Class

A1

b,g

649,774

Citicorp

Mortgage

Securities,

Inc.

339,960

6.000%, 

7/25/2037,

Ser.

2007-6,

Class

1A4

334,725

Citigroup

Mortgage

Loan

Trust,

Inc.

91,543

5.500%, 

11/25/2035,

Ser.

2005-9,

Class

21A2

93,497

Countrywide

Alternative

Loan

Trust

161,501

2.712%, 

10/25/2035,

Ser.

2005-43,

Class

4A1

b

156,619

148,777

6.500%, 

8/25/2036,

Ser.

2006-23CB,

Class

2A3

80,960

441,715

7.000%, 

10/25/2037,

Ser.

2007-24,

Class

A10

240,571

Countrywide

Home

Loans,

Inc.

103,178

5.750%, 

4/25/2037,

Ser.

2007-3,

Class

A27

74,322

Credit

Suisse

Mortgage

Trust

513,657

3.850%, 

9/25/2057,

Ser.

2018-RPL9,

Class

A1

b,g

548,883

1,153,756

3.496%, 

2/25/2060,

Ser.

2020-RPL2,

Class

A12

b,g

1,173,183

Deutsche

Alt-A

Securities,

Inc.,

Mortgage

Loan

Trust

40,491

6.000%, 

10/25/2021,

Ser.

2006-AR5,

Class

23A

35,419

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

210

Principal

Amount

Long-Term

Fixed

Income

(40.1%)

Value

Collateralized

Mortgage

Obligations

(1.5%)

-

continued

Federal

Home

Loan

Mortgage

Corporation

-

REMIC

$

5,169,223

2.000%, 

11/25/2050,

Ser.

5038,

Class

NI

i

$

611,461

446,095

3.000%, 

2/15/2033,

Ser.

4170,

Class

IG

i

43,861

462,345

3.000%, 

3/15/2033,

Ser.

4180,

Class

PI

i

49,127

Federal

National

Mortgage

Association

7,230,892

1.500%, 

11/25/2035,

Ser.

2020-99,

Class

IG

i

408,927

Federal

National

Mortgage

Association

-

REMIC

894,349

3.000%, 

12/25/2027,

Ser.

2012-137,

Class

AI

i

51,918

FWD

Securitization

Trust

410,869

2.810%, 

6/25/2049,

Ser.

2019-INV1,

Class

A1

b,g

426,683

Galton

Funding

Mortgage

Trust

2017-1

165,185

4.500%, 

10/25/2058,

Ser.

2018-2,

Class

A41

b,g

168,090

GCAT

Trust

168,803

2.985%, 

2/25/2059,

Ser.

2019-NQM1,

Class

A1

g,h

170,560

Greenpoint

Mortgage

Funding

Trust

458,178

0.330%, 

(LIBOR

1M

+

0.200%),

10/25/2045,

Ser.

2005-AR4,

Class

G41B

b

415,290

GS

Mortgage-Backed

Securities

Trust

245,179

2.625%, 

1/25/2059,

Ser.

2019-SL1,

Class

A1

b,g

249,217

GSR

Mortgage

Loan

Trust

777,778

3.357%, 

9/25/2034,

Ser.

2004-11,

Class

2A2

b

809,827

Legacy

Mortgage

Asset

Trust

324,920

3.250%, 

2/25/2060,

Ser.

2020-GS4,

Class

A1

g,h

331,918

MASTR

Alternative

Loans

Trust

260,670

0.580%, 

(LIBOR

1M

+

0.450%),

12/25/2035,

Ser.

2005-6,

Class

2A1

b

39,715

Merrill

Lynch

Alternative

Note

Asset

Trust

94,433

6.000%, 

3/25/2037,

Ser.

2007-F1,

Class

2A1

60,330

MFRA

Trust

265,280

4.164%, 

7/25/2048,

Ser.

2018-NPL2,

Class

A1

g,h

266,180

New

Residential

Mortgage

Loan

Trust

376,243

4.335%, 

7/25/2060,

Ser.

2020-NPL1,

Class

A1

g,h

382,223

New

York

Mortgage

Trust

483,877

2.944%, 

10/25/2060,

Ser.

2020-SP2,

Class

A1

b,g

486,907

Oak

Street

Investment

398,837

1.850%, 

11/20/2050,

Ser.

2020-1A,

Class

A1

g

407,338

Principal

Amount

Long-Term

Fixed

Income

(40.1%)

Value

Collateralized

Mortgage

Obligations

(1.5%)

-

continued

Octagon

Investment

Partners

32,

Ltd.

$

250,000

2.491%, 

(LIBOR

3M

+

2.250%),

7/15/2029,

Ser.

2017-1A,

Class

C

b,g

$

250,093

Preston

Ridge

Partners

Mortgage

Trust,

LLC

389,486

3.500%, 

10/25/2024,

Ser.

2019-GS1,

Class

A1

b,g

394,364

RCO

Mortgage,

LLC

647,135

3.475%, 

11/25/2024,

Ser.

2019-2,

Class

A1

g,h

648,774

Residential

Accredit

Loans,

Inc.

Trust

143,339

6.000%, 

8/25/2035,

Ser.

2005-QS10,

Class

2A

142,476

58,680

5.750%, 

9/25/2035,

Ser.

2005-QS13,

Class

2A3

58,719

Residential

Asset

Securitization

Trust

223,354

5.375%, 

7/25/2035,

Ser.

2005-A8CB,

Class

A9

193,062

Sequoia

Mortgage

Trust

363,598

3.116%, 

9/20/2046,

Ser.

2007-1,

Class

4A1

b

283,522

Silver

Hill

Trust

240,622

3.102%, 

11/25/2049,

Ser.

2019-SBC1,

Class

A1

b,g

251,201

Starwood

Mortgage

Residential

Trust

159,763

2.718%, 

4/25/2060,

Ser.

2020-2,

Class

A1

b,g

162,395

Toorak

Mortgage

Corporation

950,000

4.458%, 

3/25/2022,

Ser.

2019-1,

Class

A1

g,h

964,483

Verus

Securitization

Trust

58,062

3.836%, 

2/25/2059,

Ser.

2019-1,

Class

A1

b,g

58,434

135,574

3.345%, 

5/25/2059,

Ser.

2019-2,

Class

A2

b,g

136,682

399,313

2.913%, 

7/25/2059,

Ser.

2019-INV2,

Class

A1

b,g

408,718

284,417

2.947%, 

11/25/2059,

Ser.

2019-INV3,

Class

A2

b,g

291,903

261,088

1.977%, 

3/25/2060,

Ser.

2020-INV1,

Class

A1

b,g

265,336

849,465

3.626%, 

4/25/2060,

Ser.

2020-3,

Class

A1

b,g

866,903

WaMu

Mortgage

Pass

Through

Certificates

63,907

3.014%, 

9/25/2036,

Ser.

2006-AR10,

Class

1A2

b

61,867

59,240

3.037%, 

10/25/2036,

Ser.

2006-AR12,

Class

1A1

b

58,831

Total

17,337,039

Commercial

Mortgage-Backed

Securities

(0.3%)

BBCMS

Mortgage

Trust

2,997,327

1.976%, 

10/15/2053,

Ser.

2020-C8,

Class

XA

b,i

412,238

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

211

Principal

Amount

Long-Term

Fixed

Income

(40.1%)

Value

Commercial

Mortgage-Backed

Securities

(0.3%)

-

continued

BFLD

Trust

$

450,000

1.276%, 

(LIBOR

1M

+

1.150%),

10/15/2035,

Ser.

2020-EYP,

Class

A

b,g

$

454,499

150,000

1.826%, 

(LIBOR

1M

+

1.700%),

10/15/2035,

Ser.

2020-EYP,

Class

B

b,g

151,590

Federal

Home

Loan

Mortgage

Corporation

Multifamily

Structured

Pass

Through

Certificates

312,625

3.000%, 

3/15/2045,

Ser.

4741,

Class

GA

323,220

Federal

National

Mortgage

Association

-

ACES

4,498,505

1.895%, 

12/25/2028,

Ser.

2020-M11,

Class

IO

b,i

503,512

GS

Mortgage

Securities

Trust

800,000

3.666%, 

9/10/2047,

Ser.

2014-GC24,

Class

A4

862,142

Morgan

Stanley

Capital

I

Trust

2,946,600

1.973%, 

7/15/2053,

Ser.

2020-HR8,

Class

XA

b,i

420,055

Total

3,127,256

Communications

Services

(1.3%)

Altice

France

SA

90,000

5.500%, 

1/15/2028

g

93,712

AMC

Networks,

Inc.

120,000

4.250%, 

2/15/2029

d

119,461

American

Tower

Corporation

135,000

2.900%, 

1/15/2030

143,540

300,000

2.100%, 

6/15/2030

302,111

AT&T,

Inc.

161,000

3.500%, 

9/15/2053

g

155,124

275,000

2.300%, 

6/1/2027

290,394

275,000

4.350%, 

3/1/2029

322,892

163,000

4.300%, 

2/15/2030

191,232

175,000

5.250%, 

3/1/2037

220,637

200,000

4.900%, 

8/15/2037

243,800

160,000

5.550%, 

8/15/2041

209,582

375,000

3.100%, 

2/1/2043

364,860

British

Telecommunications

plc

250,000

4.500%, 

12/4/2023

276,757

Cable

One,

Inc.

75,000

4.000%, 

11/15/2030

g

76,948

CCO

Holdings,

LLC

125,000

5.500%, 

5/1/2026

g

129,464

120,000

5.125%, 

5/1/2027

g

126,175

300,000

4.750%, 

3/1/2030

g

319,116

110,000

4.500%, 

8/15/2030

g

115,843

Charter

Communications

Operating,

LLC

77,000

6.834%, 

10/23/2055

112,270

150,000

4.500%, 

2/1/2024

166,161

225,000

4.200%, 

3/15/2028

255,556

330,000

6.484%, 

10/23/2045

451,057

Comcast

Corporation

185,000

4.049%, 

11/1/2052

225,771

140,000

3.950%, 

10/15/2025

159,607

225,000

4.250%, 

10/15/2030

271,483

145,000

4.400%, 

8/15/2035

179,675

212,000

4.750%, 

3/1/2044

280,266

Principal

Amount

Long-Term

Fixed

Income

(40.1%)

Value

Communications

Services

(1.3%)

-

continued

$

125,000

4.600%, 

8/15/2045

$

162,065

Cox

Communications,

Inc.

225,000

3.350%, 

9/15/2026

g

250,328

Crown

Castle

International

Corporation

138,000

5.250%, 

1/15/2023

150,459

67,000

3.200%, 

9/1/2024

72,433

CSC

Holdings,

LLC

90,000

5.500%, 

5/15/2026

g

93,349

30,000

4.125%, 

12/1/2030

g

30,672

330,000

4.625%, 

12/1/2030

g

336,600

Cumulus

Media

New

Holdings,

Inc.

90,000

6.750%, 

7/1/2026

g

91,350

Discovery

Communications,

LLC

220,000

4.900%, 

3/11/2026

257,341

Embarq

Corporation

120,000

7.995%, 

6/1/2036

147,041

Entercom

Media

Corporation

70,000

6.500%, 

5/1/2027

g

71,750

Fox

Corporation

165,000

3.500%, 

4/8/2030

j

185,860

Front

Range

BidCo

,

Inc.

180,000

4.000%, 

3/1/2027

g

180,508

Frontier

Communications

Corporation

70,000

5.875%, 

10/15/2027

g

75,229

GCI,

LLC

90,000

4.750%, 

10/15/2028

g

93,797

Hughes

Satellite

Systems

Corporation

80,000

6.625%, 

8/1/2026

90,484

iHeartCommunications

,

Inc.

100,000

4.750%, 

1/15/2028

g

102,125

LCPR

Senior

Secured

Financing

DAC

80,000

6.750%, 

10/15/2027

g

86,018

Level

3

Financing,

Inc.

190,000

4.625%, 

9/15/2027

g

197,393

250,000

4.250%, 

7/1/2028

g

256,177

Meredith

Corporation

140,000

6.500%, 

7/1/2025

g

148,225

Netflix,

Inc.

280,000

4.875%, 

4/15/2028

327,760

Nexstar

Escrow

Corporation

160,000

5.625%, 

7/15/2027

g

169,834

Nielsen

Finance,

LLC

130,000

5.625%, 

10/1/2028

g

138,927

Omnicom

Group,

Inc.

95,000

3.600%, 

4/15/2026

107,107

90,000

4.200%, 

6/1/2030

106,449

SBA

Communications

Corporation

90,000

3.875%, 

2/15/2027

93,988

90,000

3.125%, 

2/1/2029

g

89,775

Scripps

Escrow

II,

Inc.

70,000

3.875%, 

1/15/2029

g

70,000

SFR

Group

SA

240,000

7.375%, 

5/1/2026

g

251,028

Sinclair

Television

Group,

Inc.

150,000

5.500%, 

3/1/2030

g

154,591

Sirius

XM

Radio,

Inc.

240,000

5.000%, 

8/1/2027

g

252,248

90,000

4.125%, 

7/1/2030

g

92,735

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

212

Principal

Amount

Long-Term

Fixed

Income

(40.1%)

Value

Communications

Services

(1.3%)

-

continued

Sprint

Capital

Corporation

$

90,000

6.875%, 

11/15/2028

$

115,537

60,000

8.750%, 

3/15/2032

91,650

Sprint

Corporation

315,000

7.625%, 

2/15/2025

376,425

Telefonica

Emisiones

SAU

150,000

4.570%, 

4/27/2023

163,586

Time

Warner

Entertainment

Company,

LP

270,000

8.375%, 

3/15/2023

314,143

T-Mobile

USA,

Inc.

300,000

3.750%, 

4/15/2027

g

337,143

100,000

2.625%, 

2/15/2029

100,363

190,000

2.875%, 

2/15/2031

191,545

250,000

4.375%, 

4/15/2040

g

292,757

United

States

Cellular

Corporation

80,000

6.700%, 

12/15/2033

103,408

Univision

Communications,

Inc.

150,000

6.625%, 

6/1/2027

g

157,875

VeriSign,

Inc.

80,000

4.750%, 

7/15/2027

85,007

Verizon

Communications,

Inc.

100,000

1.321%, 

(LIBOR

3M

+

1.100%),

5/15/2025

b

102,901

605,000

4.272%, 

1/15/2036

736,340

475,000

2.650%, 

11/20/2040

462,937

Viacom,

Inc.

120,000

5.850%, 

9/1/2043

163,094

ViaSat

,

Inc.

140,000

5.625%, 

9/15/2025

g

143,192

Virgin

Media

Secured

Finance

plc

110,000

5.500%, 

8/15/2026

g

114,813

Vodafone

Group

plc

100,000

4.875%, 

6/19/2049

128,804

VTR

Finance

NV

60,000

6.375%, 

7/15/2028

g

64,959

Walt

Disney

Company

300,000

2.200%, 

1/13/2028

316,962

225,000

2.650%, 

1/13/2031

242,885

175,000

3.500%, 

5/13/2040

197,160

Ziggo

BV

130,000

5.500%, 

1/15/2027

g

135,513

Total

15,876,139

Consumer

Cyclical

(1.2%)

1011778

B.C.,

ULC

280,000

4.375%, 

1/15/2028

g

285,600

Allied

Universal

Holdco,

LLC

130,000

6.625%, 

7/15/2026

g

139,256

Allison

Transmission,

Inc

130,000

3.750%, 

1/30/2031

g

129,282

Amazon.com,

Inc.

300,000

1.500%, 

6/3/2030

299,002

200,000

3.875%, 

8/22/2037

243,445

120,000

4.050%, 

8/22/2047

151,884

American

Axle

&

Manufacturing,

Inc.

155,000

6.500%, 

4/1/2027

j

162,138

American

Honda

Finance

Corporation

200,000

2.150%, 

9/10/2024

211,290

Brookfield

Property

REIT,

Inc.

50,000

5.750%, 

5/15/2026

g

51,894

Principal

Amount

Long-Term

Fixed

Income

(40.1%)

Value

Consumer

Cyclical

(1.2%)

-

continued

Brookfield

Residential

Properties,

Inc.

$

230,000

6.250%, 

9/15/2027

g

$

242,650

Carnival

Corporation

90,000

11.500%, 

4/1/2023

g

102,113

60,000

10.500%, 

2/1/2026

g

69,600

30,000

7.625%, 

3/1/2026

g

31,725

Cedar

Fair,

LP

110,000

5.250%, 

7/15/2029

110,100

Colt

Merger

Sub,

Inc.

190,000

6.250%, 

7/1/2025

g

200,244

CVS

Health

Corporation

275,000

3.625%, 

4/1/2027

311,067

D.R.

Horton,

Inc.

275,000

2.600%, 

10/15/2025

294,542

Dana,

Inc.

120,000

5.625%, 

6/15/2028

127,949

Empire

Communities

Corporation

70,000

7.000%, 

12/15/2025

g

73,899

Ford

Motor

Company

50,000

9.000%, 

4/22/2025

60,937

30,000

9.625%, 

4/22/2030

42,516

135,000

7.450%, 

7/16/2031

172,462

Ford

Motor

Credit

Company,

LLC

330,000

4.063%, 

11/1/2024

343,576

270,000

4.134%, 

8/4/2025

283,531

Gap,

Inc.

60,000

8.625%, 

5/15/2025

g

67,182

General

Motors

Company

300,000

6.125%, 

10/1/2025

361,369

300,000

6.800%, 

10/1/2027

385,612

General

Motors

Financial

Company,

Inc.

210,000

3.150%, 

6/30/2022

217,009

80,000

3.950%, 

4/13/2024

87,109

Hanesbrands,

Inc.

160,000

4.875%, 

5/15/2026

g

173,200

Herc

Holdings,

Inc.

100,000

5.500%, 

7/15/2027

g

105,420

Hilton

Domestic

Operating

Company,

Inc.

60,000

5.125%, 

5/1/2026

62,202

240,000

4.875%, 

1/15/2030

258,702

Home

Depot,

Inc.

205,000

5.400%, 

9/15/2040

289,399

120,000

4.250%, 

4/1/2046

152,864

395,000

3.900%, 

6/15/2047

483,479

Hyundai

Capital

America

165,000

1.250%, 

9/18/2023

g

166,672

325,000

1.800%, 

1/10/2028

g

323,743

International

Game

Technology

plc

140,000

5.250%, 

1/15/2029

g

149,450

KB

Home

140,000

4.800%, 

11/15/2029

154,204

Kohl's

Corporation

275,000

9.500%, 

5/15/2025

355,702

275,000

5.550%, 

7/17/2045

301,926

L

Brands,

Inc.

170,000

6.625%, 

10/1/2030

g

190,302

30,000

6.875%, 

11/1/2035

34,779

Landry's,

Inc.

90,000

6.750%, 

10/15/2024

g

90,207

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

213

Principal

Amount

Long-Term

Fixed

Income

(40.1%)

Value

Consumer

Cyclical

(1.2%)

-

continued

Lennar

Corporation

$

150,000

4.875%, 

12/15/2023

$

165,375

375,000

4.750%, 

5/30/2025

427,729

Live

Nation

Entertainment,

Inc.

70,000

3.750%, 

1/15/2028

g

70,627

Mastercard

,

Inc.

140,000

3.950%, 

2/26/2048

174,129

Mattamy

Group

Corporation

230,000

5.250%, 

12/15/2027

g

242,075

McDonald's

Corporation

275,000

2.125%, 

3/1/2030

283,740

250,000

4.450%, 

3/1/2047

311,358

MGM

Resorts

International

170,000

6.000%, 

3/15/2023

181,475

Norwegian

Cruise

Line

Holdings,

Ltd.

60,000

10.250%, 

2/1/2026

g

69,600

Owl

Rock

Capital

Corporation

400,000

3.400%, 

7/15/2026

410,073

PetSmart,

Inc.

80,000

4.750%, 

2/15/2028

81,800

60,000

7.750%, 

2/15/2029

62,250

Prime

Security

Services

Borrower,

LLC

250,000

5.750%, 

4/15/2026

g

273,700

105,000

3.375%, 

8/31/2027

g

103,639

Realogy

Group,

LLC

80,000

5.750%, 

1/15/2029

g

81,700

Royal

Caribbean

Cruises,

Ltd.

120,000

9.125%, 

6/15/2023

g

129,450

50,000

11.500%, 

6/1/2025

g

57,652

Scientific

Games

International,

Inc.

150,000

5.000%, 

10/15/2025

g

154,512

SeaWorld

Parks

and

Entertainment,

Inc.

70,000

9.500%, 

8/1/2025

g

75,075

Six

Flags

Entertainment

Corporation

70,000

5.500%, 

4/15/2027

g,j

70,648

Six

Flags

Theme

Parks,

Inc.

60,000

7.000%, 

7/1/2025

g

64,650

Staples,

Inc.

170,000

7.500%, 

4/15/2026

g

173,415

Target

Corporation

275,000

2.250%, 

4/15/2025

293,018

Tenneco,

Inc.

70,000

5.000%, 

7/15/2026

64,575

TJX

Companies,

Inc.

75,000

3.750%, 

4/15/2027

86,489

175,000

3.875%, 

4/15/2030

205,071

ViacomCBS

,

Inc.

300,000

4.200%, 

5/19/2032

355,419

Visa,

Inc.

135,000

2.700%, 

4/15/2040

141,700

Volkswagen

Group

of

America

Finance,

LLC

275,000

4.250%, 

11/13/2023

g

301,860

Walmart,

Inc.

175,000

3.250%, 

7/8/2029

200,347

Wyndham

Destinations,

Inc.

80,000

6.625%, 

7/31/2026

g

89,344

Wyndham

Hotels

&

Resorts,

Inc.

45,000

4.375%, 

8/15/2028

g

45,450

Principal

Amount

Long-Term

Fixed

Income

(40.1%)

Value

Consumer

Cyclical

(1.2%)

-

continued

Yum!

Brands,

Inc.

$

210,000

4.750%, 

1/15/2030

g

$

225,225

ZF

North

America

Capital,

Inc.

60,000

4.750%, 

4/29/2025

g

65,078

Total

14,289,482

Consumer

Non-Cyclical

(1.8%)

Abbott

Laboratories

37,000

3.750%, 

11/30/2026

42,863

340,000

4.750%, 

11/30/2036

457,273

AbbVie,

Inc.

150,000

2.950%, 

11/21/2026

165,024

325,000

4.300%, 

5/14/2036

395,414

200,000

4.850%, 

6/15/2044

255,805

94,000

4.700%, 

5/14/2045

118,429

350,000

4.875%, 

11/14/2048

460,333

Albertson's

Companies,

Inc.

200,000

7.500%, 

3/15/2026

g

220,500

155,000

3.500%, 

3/15/2029

g

153,062

Altria

Group,

Inc.

125,000

4.400%, 

2/14/2026

144,048

465,000

5.800%, 

2/14/2039

601,426

Amgen,

Inc.

275,000

3.375%, 

2/21/2050

295,114

75,000

3.125%, 

5/1/2025

82,125

Anheuser-Busch

Companies,

LLC

265,000

3.650%, 

2/1/2026

297,346

320,000

4.700%, 

2/1/2036

395,249

Anheuser-Busch

InBev

Worldwide,

Inc.

500,000

4.750%, 

4/15/2058

622,006

250,000

4.375%, 

4/15/2038

297,740

Anthem,

Inc.

250,000

3.125%, 

5/15/2050

261,943

220,000

4.625%, 

5/15/2042

278,872

Aramark

Services,

Inc.

70,000

6.375%, 

5/1/2025

g

74,417

AstraZeneca

plc

325,000

1.375%, 

8/6/2030

313,892

BAT

Capital

Corporation

160,000

4.540%, 

8/15/2047

174,557

Bausch

Health

Companies,

Inc.

30,000

5.000%, 

1/30/2028

g

30,909

150,000

5.000%, 

2/15/2029

g

153,548

Baxalta

,

Inc.

105,000

4.000%, 

6/23/2025

118,034

Becton,

Dickinson

and

Company

225,000

3.794%, 

5/20/2050

260,017

187,000

3.734%, 

12/15/2024

206,769

160,000

3.700%, 

6/6/2027

183,269

Campbell

Soup

Company

90,000

2.375%, 

4/24/2030

93,451

Cargill,

Inc.

200,000

3.250%, 

5/23/2029

g

225,352

Centene

Corporation

75,000

4.750%, 

1/15/2025

76,946

90,000

4.250%, 

12/15/2027

95,210

90,000

4.625%, 

12/15/2029

99,783

190,000

3.000%, 

10/15/2030

198,730

Central

Garden

&

Pet

Company

120,000

4.125%, 

10/15/2030

125,449

Cigna

Corporation

295,000

4.800%, 

8/15/2038

375,113

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

214

Principal

Amount

Long-Term

Fixed

Income

(40.1%)

Value

Consumer

Non-Cyclical

(1.8%)

-

continued

Clorox

Company

$

270,000

3.100%, 

10/1/2027

$

304,221

Community

Health

Systems,

Inc.

70,000

6.000%, 

1/15/2029

g

74,375

130,000

6.875%, 

4/15/2029

d,g

131,462

Conagra

Brands,

Inc.

175,000

4.300%, 

5/1/2024

194,821

Constellation

Brands,

Inc.

190,000

3.600%, 

2/15/2028

215,444

110,000

2.875%, 

5/1/2030

118,389

CVS

Health

Corporation

595,000

4.875%, 

7/20/2035

749,337

DaVita,

Inc.

140,000

4.625%, 

6/1/2030

g

147,045

DENTSPLY

SIRONA,

Inc.

350,000

3.250%, 

6/1/2030

384,673

Edgewell

Personal

Care

Company

60,000

5.500%, 

6/1/2028

g

64,184

Encompass

Health

Corporation

170,000

4.500%, 

2/1/2028

177,013

Energizer

Holdings,

Inc.

190,000

4.750%, 

6/15/2028

g

198,018

General

Mills,

Inc.

150,000

2.875%, 

4/15/2030

163,055

Gilead

Sciences,

Inc.

600,000

2.600%, 

10/1/2040

588,080

H.

J.

Heinz

Company

30,000

5.200%, 

7/15/2045

34,891

HCA,

Inc.

370,000

5.375%, 

2/1/2025

415,414

400,000

5.500%, 

6/15/2047

518,376

HLF

Financing

SARL,

LLC

120,000

7.250%, 

8/15/2026

g

126,712

Imperial

Brands

Finance

plc

200,000

3.875%, 

7/26/2029

g

224,090

JBS

Investments

II

GmbH

120,000

5.750%, 

1/15/2028

g

127,210

JBS

USA,

LLC

100,000

5.500%, 

1/15/2030

g

113,590

Kellogg

Company

300,000

2.100%, 

6/1/2030

310,851

Keurig

Dr.

Pepper,

Inc.

250,000

3.200%, 

5/1/2030

277,383

Kimberly-Clark

Corporation

165,000

3.100%, 

3/26/2030

186,223

220,000

3.900%, 

5/4/2047

276,104

Kraft

Foods

Group,

Inc.

140,000

5.000%, 

6/4/2042

161,809

Kraft

Heinz

Foods

Company

220,000

4.625%, 

1/30/2029

251,302

210,000

3.750%, 

4/1/2030

225,422

90,000

4.250%, 

3/1/2031

101,242

Medtronic,

Inc.

13,000

4.625%, 

3/15/2045

17,872

Molina

Healthcare,

Inc.

100,000

4.375%, 

6/15/2028

g

104,197

Mondelez

International,

Inc.

90,000

2.750%, 

4/13/2030

97,275

MPH

Acquisition

Holdings,

LLC

70,000

5.750%, 

11/1/2028

g,j

69,388

Mylan,

Inc.

275,000

4.550%, 

4/15/2028

326,001

Principal

Amount

Long-Term

Fixed

Income

(40.1%)

Value

Consumer

Non-Cyclical

(1.8%)

-

continued

Par

Pharmaceutical,

Inc.

$

120,000

7.500%, 

4/1/2027

g

$

129,398

Pilgrim's

Pride

Corporation

60,000

5.875%, 

9/30/2027

g

63,852

Quest

Diagnostics,

Inc.

300,000

2.800%, 

6/30/2031

325,300

Reynolds

American,

Inc.

299,000

5.700%, 

8/15/2035

374,138

Roche

Holdings,

Inc.

138,000

4.000%, 

11/28/2044

g

177,290

Scotts

Miracle-

Gro

Company

140,000

4.500%, 

10/15/2029

150,150

SEG

Holding,

LLC

120,000

5.625%, 

10/15/2028

g

127,920

Simmons

Foods,

Inc.

85,000

5.750%, 

11/1/2024

g

87,444

Smithfield

Foods,

Inc.

145,000

2.650%, 

10/3/2021

g

146,198

Spectrum

Brands,

Inc.

60,000

5.000%, 

10/1/2029

g

63,498

40,000

5.500%, 

7/15/2030

g

43,000

Syneos

Health,

Inc.

60,000

3.625%, 

1/15/2029

g

59,982

Sysco

Corporation

300,000

6.600%, 

4/1/2040

430,989

Teleflex,

Inc.

140,000

4.250%, 

6/1/2028

g

147,147

Tenet

Healthcare

Corporation

100,000

4.625%, 

7/15/2024

101,780

210,000

5.125%, 

11/1/2027

g

221,311

Teva

Pharmaceutical

Finance

Netherlands

III

BV

140,000

2.800%, 

7/21/2023

138,796

Thermo

Fisher

Scientific,

Inc.

165,000

4.133%, 

3/25/2025

186,675

Tyson

Foods,

Inc.

88,000

3.550%, 

6/2/2027

100,163

UnitedHealth

Group,

Inc.

225,000

2.950%, 

10/15/2027

249,926

505,000

4.625%, 

7/15/2035

656,893

VRX

Escrow

Corporation

385,000

6.125%, 

4/15/2025

g

394,456

Zoetis,

Inc.

275,000

4.700%, 

2/1/2043

365,036

Total

20,566,829

Energy

(1.1%)

Antero

Midstream

Partners,

LP

50,000

5.750%, 

3/1/2027

g

49,866

Antero

Resources

Corporation

27,000

5.625%, 

6/1/2023

26,696

75,000

5.000%, 

3/1/2025

71,062

Apache

Corporation

60,000

4.875%, 

11/15/2027

61,650

125,000

4.375%, 

10/15/2028

124,455

70,000

5.100%, 

9/1/2040

70,879

Archrock

Partners,

LP

105,000

6.250%, 

4/1/2028

g

107,231

Blue

Racer

Midstream,

LLC

70,000

7.625%, 

12/15/2025

g

74,069

BP

Capital

Markets

America,

Inc.

475,000

2.939%, 

6/4/2051

458,423

150,000

3.543%, 

4/6/2027

170,052

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

215

Principal

Amount

Long-Term

Fixed

Income

(40.1%)

Value

Energy

(1.1%)

-

continued

Buckeye

Partners,

LP

$

50,000

4.125%, 

3/1/2025

g

$

50,687

100,000

3.950%, 

12/1/2026

100,729

Canadian

Natural

Resources,

Ltd.

90,000

2.050%, 

7/15/2025

93,259

140,000

2.950%, 

7/15/2030

145,772

Canadian

Oil

Sands,

Ltd.

115,000

9.400%, 

9/1/2021

g

119,235

Cenovus

Energy,

Inc.

40,000

5.375%, 

7/15/2025

45,197

30,000

6.750%, 

11/15/2039

38,860

Cheniere

Energy

Partners,

LP

270,000

5.625%, 

10/1/2026

280,895

Chevron

USA,

Inc.

300,000

5.050%, 

11/15/2044

405,943

CNX

Resources

Corporation

90,000

6.000%, 

1/15/2029

g

93,011

Comstock

Resources,

Inc.

70,000

9.750%, 

8/15/2026

74,550

ConocoPhillips

220,000

6.500%, 

2/1/2039

330,788

Continental

Resources,

Inc.

16,000

4.500%, 

4/15/2023

16,421

50,000

4.375%, 

1/15/2028

50,990

70,000

5.750%, 

1/15/2031

g

75,775

Diamondback

Energy,

Inc.

200,000

3.500%, 

12/1/2029

212,496

El

Paso

Pipeline

Partners

Operating

Company,

LLC

130,000

4.300%, 

5/1/2024

143,373

Enagas

SA

155,000

5.500%, 

1/15/2028

g

153,450

Encana

Corporation

50,000

6.625%, 

8/15/2037

60,197

Endeavor

Energy

Resources,

LP

110,000

5.750%, 

1/30/2028

g

116,600

Energy

Transfer

Operating,

LP

275,000

6.000%, 

6/15/2048

312,348

Energy

Transfer

Partners,

LP

155,000

4.900%, 

3/15/2035

168,392

50,000

5.150%, 

2/1/2043

51,359

EnLink

Midstream

Partners,

LP

120,000

4.850%, 

7/15/2026

116,525

90,000

5.600%, 

4/1/2044

72,225

EOG

Resources,

Inc.

250,000

4.375%, 

4/15/2030

297,257

EQM

Midstream

Partners,

LP

130,000

6.500%, 

7/1/2027

g

139,203

50,000

5.500%, 

7/15/2028

51,787

70,000

4.500%, 

1/15/2029

g

67,565

50,000

6.500%, 

7/15/2048

47,710

EQT

Corporation

180,000

3.900%, 

10/1/2027

186,975

Equinor

ASA

275,000

3.000%, 

4/6/2027

303,024

Exxon

Mobil

Corporation

300,000

3.452%, 

4/15/2051

326,273

Genesis

Energy,

LP

50,000

6.500%, 

10/1/2025

46,265

40,000

8.000%, 

1/15/2027

38,012

Harvest

Midstream,

LP

110,000

7.500%, 

9/1/2028

g

115,528

Principal

Amount

Long-Term

Fixed

Income

(40.1%)

Value

Energy

(1.1%)

-

continued

Hess

Midstream

Operations,

LP

$

80,000

5.625%, 

2/15/2026

g

$

83,033

Hilcorp

Energy

I,

LP

50,000

5.750%, 

2/1/2029

g

50,841

Kinder

Morgan

Energy

Partners,

LP

215,000

6.500%, 

9/1/2039

279,532

Magellan

Midstream

Partners,

LP

130,000

5.000%, 

3/1/2026

154,061

Marathon

Oil

Corporation

225,000

4.400%, 

7/15/2027

253,600

Marathon

Petroleum

Corporation

264,000

4.750%, 

12/15/2023

291,941

35,000

6.500%, 

3/1/2041

47,113

MEG

Energy

Corporation

100,000

5.875%, 

2/1/2029

d,g

99,250

MPLX,

LP

250,000

4.875%, 

12/1/2024

284,063

264,000

4.875%, 

6/1/2025

302,927

Murphy

Oil

Corporation

80,000

5.875%, 

12/1/2027

76,056

Newfield

Exploration

Company

130,000

5.625%, 

7/1/2024

141,473

128,000

5.375%, 

1/1/2026

139,844

NGL

Energy

Partners,

LP

70,000

7.500%, 

11/1/2023

63,875

NuStar

Logistics,

LP

100,000

5.750%, 

10/1/2025

106,000

Occidental

Petroleum

Corporation

70,000

3.450%, 

7/15/2024

67,200

180,000

2.900%, 

8/15/2024

174,150

110,000

3.400%, 

4/15/2026

106,252

50,000

8.500%, 

7/15/2027

58,735

100,000

3.500%, 

8/15/2029

92,787

60,000

6.450%, 

9/15/2036

65,843

200,000

4.400%, 

4/15/2046

176,154

ONEOK,

Inc.

220,000

2.200%, 

9/15/2025

229,040

Pioneer

Natural

Resources

Company

90,000

4.450%, 

1/15/2026

103,368

Plains

All

American

Pipeline,

LP

200,000

4.500%, 

12/15/2026

224,500

250,000

3.550%, 

12/15/2029

260,443

QEP

Resources,

Inc.

60,000

5.625%, 

3/1/2026

66,906

Range

Resources

Corporation

50,000

9.250%, 

2/1/2026

54,490

50,000

8.250%, 

1/15/2029

g

52,500

Sabine

Pass

Liquefaction,

LLC

125,000

6.250%, 

3/15/2022

131,059

150,000

5.625%, 

4/15/2023

164,065

175,000

5.750%, 

5/15/2024

200,274

Schlumberger

Holdings

Corporation

180,000

4.000%, 

12/21/2025

g

203,678

Southwestern

Energy

Company

145,000

7.500%, 

4/1/2026

151,496

Suncor

Energy,

Inc.

155,000

3.600%, 

12/1/2024

170,619

Sunoco

Logistics

Partners

Operations,

LP

150,000

4.000%, 

10/1/2027

165,311

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

216

Principal

Amount

Long-Term

Fixed

Income

(40.1%)

Value

Energy

(1.1%)

-

continued

Sunoco,

LP

$

90,000

5.875%, 

3/15/2028

$

95,400

50,000

4.500%, 

5/15/2029

g

51,105

Targa

Resources

Partners,

LP

60,000

5.375%, 

2/1/2027

62,008

Transocean

Guardian,

Ltd.

87,000

5.875%, 

1/15/2024

g

76,995

USA

Compression

Partners,

LP

50,000

6.875%, 

4/1/2026

52,260

W&T

Offshore,

Inc.

100,000

9.750%, 

11/1/2023

g

79,073

Weatherford

International,

Ltd.

100,000

8.750%, 

9/1/2024

g

103,000

Western

Gas

Partners,

LP

176,000

4.000%, 

7/1/2022

180,439

Western

Midstream

Operating,

LP

90,000

4.100%, 

2/1/2025

93,201

90,000

3.950%, 

6/1/2025

91,350

40,000

5.500%, 

8/15/2048

39,600

Williams

Companies,

Inc.

225,000

7.500%, 

1/15/2031

305,485

Williams

Partners,

LP

100,000

4.500%, 

11/15/2023

109,797

20,000

6.300%, 

4/15/2040

26,176

Total

12,821,427

Financials

(3.0%)

ACE

INA

Holdings,

Inc.

138,000

4.350%, 

11/3/2045

181,737

AerCap

Ireland

Capital

DAC

14,000

4.625%, 

7/1/2022

14,725

160,000

3.500%, 

1/15/2025

170,678

175,000

3.875%, 

1/23/2028

j

188,344

Aircastle

,

Ltd.

175,000

5.000%, 

4/1/2023

188,090

325,000

2.850%, 

1/26/2028

g

318,450

Ally

Financial,

Inc.

200,000

5.750%, 

11/20/2025

232,848

American

International

Group,

Inc.

255,000

3.750%, 

7/10/2025

283,785

250,000

3.900%, 

4/1/2026

283,118

Ares

Capital

Corporation

400,000

3.875%, 

1/15/2026

430,511

200,000

2.150%, 

7/15/2026

198,497

Australia

and

New

Zealand

Banking

Group,

Ltd.

225,000

2.570%, 

11/25/2035

b,g

224,465

Aviation

Capital

Group,

LLC

255,000

2.875%, 

1/20/2022

g

259,640

Avolon

Holdings

Funding,

Ltd.

112,000

5.250%, 

5/15/2024

g

122,051

135,000

4.250%, 

4/15/2026

g

145,746

Banco

Santander

Mexico

SA

200,000

5.375%, 

4/17/2025

g

228,890

Banco

Santander

SA

400,000

1.344%, 

(LIBOR

3M

+

1.120%),

4/12/2023

b

406,388

Bank

of

America

Corporation

200,000

4.200%, 

8/26/2024

223,415

300,000

4.000%, 

1/22/2025

334,473

225,000

3.458%, 

3/15/2025

b

244,205

705,000

3.824%, 

1/20/2028

b

803,599

275,000

2.496%, 

2/13/2031

b

286,737

Principal

Amount

Long-Term

Fixed

Income

(40.1%)

Value

Financials

(3.0%)

-

continued

$

165,000

2.592%, 

4/29/2031

b

$

173,115

325,000

1.922%, 

10/24/2031

b

322,507

400,000

4.244%, 

4/24/2038

b

483,690

Barclays

Bank

plc

46,000

10.179%, 

6/12/2021

g

47,591

Barclays

plc

225,000

4.610%, 

2/15/2023

b

234,325

236,000

3.650%, 

3/16/2025

258,769

310,000

3.564%, 

9/23/2035

b

324,985

Boston

Properties,

LP

150,000

4.500%, 

12/1/2028

177,921

BPCE

SA

315,000

3.500%, 

10/23/2027

g

351,540

Camden

Property

Trust

250,000

3.150%, 

7/1/2029

277,211

CANPACK

SA

110,000

3.125%, 

11/1/2025

g

111,787

Capital

One

Financial

Corporation

200,000

4.200%, 

10/29/2025

226,735

Cascades

USA,

Inc.

90,000

5.125%, 

1/15/2026

g

95,400

Chobani

,

LLC

140,000

4.625%, 

11/15/2028

g

142,800

CIT

Group,

Inc.

50,000

5.250%, 

3/7/2025

57,330

Citigroup,

Inc.

370,000

4.400%, 

6/10/2025

419,700

160,000

3.200%, 

10/21/2026

176,435

340,000

3.668%, 

7/24/2028

b

384,662

120,000

4.125%, 

7/25/2028

137,693

225,000

3.520%, 

10/27/2028

b

252,522

162,000

4.650%, 

7/23/2048

213,894

CNA

Financial

Corporation

100,000

3.900%, 

5/1/2029

116,763

Comerica,

Inc.

75,000

3.700%, 

7/31/2023

80,805

Commerzbank

AG

200,000

8.125%, 

9/19/2023

g

231,544

Cooperatieve

Centrale

Raiffeisen-

Boerenleenbank

BA

258,000

3.950%, 

11/9/2022

273,279

278,000

4.625%, 

12/1/2023

309,253

Credit

Acceptance

Corporation

90,000

5.125%, 

12/31/2024

g

92,475

Credit

Agricole

SA

250,000

3.250%, 

1/14/2030

g

269,436

Credit

Suisse

Group

AG

200,000

7.250%, 

9/12/2025

b,g,k

225,120

350,000

2.193%, 

6/5/2026

b,g

363,858

Danske

Bank

AS

200,000

3.244%, 

12/20/2025

b,g

214,890

Deutsche

Bank

AG

410,000

3.547%, 

9/18/2031

b

432,085

300,000

3.729%, 

1/14/2032

b

298,367

Discover

Bank

260,000

4.682%, 

8/9/2028

b

277,732

Diversified

Healthcare

Trust

30,000

4.750%, 

2/15/2028

30,000

Drawbridge

Special

Opportunities

Fund,

LP

140,000

3.875%, 

2/15/2026

g

141,052

Duke

Realty,

LP

150,000

2.875%, 

11/15/2029

163,793

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

217

Principal

Amount

Long-Term

Fixed

Income

(40.1%)

Value

Financials

(3.0%)

-

continued

ERP

Operating,

LP

$

54,000

3.375%, 

6/1/2025

$

59,320

ESH

Hospitality,

Inc.

90,000

5.250%, 

5/1/2025

g

91,800

70,000

4.625%, 

10/1/2027

g

71,574

Fidelity

National

Financial,

Inc.

250,000

5.500%, 

9/1/2022

268,726

First

Horizon

National

Corporation

350,000

4.000%, 

5/26/2025

392,450

Fortress

Transportation

70,000

6.500%, 

10/1/2025

g

72,450

GE

Capital

Funding,

LLC

875,000

4.400%, 

5/15/2030

g

1,014,939

GE

Capital

International

Funding

Company

210,000

4.418%, 

11/15/2035

245,842

Global

Net

Lease,

Inc.

160,000

3.750%, 

12/15/2027

g

162,915

Goldman

Sachs

Group,

Inc.

300,000

4.128%, 

(LIBOR

3M

+

3.922%),

2/5/2021

b,k

298,590

176,000

2.908%, 

6/5/2023

b

181,651

200,000

3.625%, 

2/20/2024

217,325

85,000

1.992%, 

1/27/2032

b

84,842

210,000

4.750%, 

10/21/2045

281,049

HCP,

Inc.

100,000

3.400%, 

2/1/2025

109,752

Healthpeak

Properties,

Inc.

175,000

2.875%, 

1/15/2031

188,188

HSBC

Holdings

plc

200,000

6.875%, 

6/1/2021

b,k

202,778

275,000

3.803%, 

3/11/2025

b

299,626

350,000

3.900%, 

5/25/2026

396,426

300,000

4.950%, 

3/31/2030

369,356

Icahn

Enterprises,

LP

170,000

6.375%, 

12/15/2025

175,312

80,000

6.250%, 

5/15/2026

84,527

ING

Groep

NV

250,000

4.100%, 

10/2/2023

273,671

International

Lease

Finance

Corporation

80,000

5.875%, 

8/15/2022

86,046

Iron

Mountain,

Inc.

150,000

4.875%, 

9/15/2027

g

156,750

iStar

,

Inc.

100,000

4.250%, 

8/1/2025

98,500

J.P.

Morgan

Chase

&

Company

200,000

3.875%, 

9/10/2024

222,587

145,000

3.125%, 

1/23/2025

157,675

425,000

3.900%, 

7/15/2025

478,597

150,000

3.300%, 

4/1/2026

166,871

250,000

1.040%, 

2/4/2027

b,d

249,856

275,000

4.203%, 

7/23/2029

b

322,938

175,000

2.522%, 

4/22/2031

b

183,601

340,000

1.953%, 

2/4/2032

b,d

340,157

360,000

3.882%, 

7/24/2038

b

421,860

Kimco

Realty

Corporation

320,000

3.300%, 

2/1/2025

350,377

Liberty

Mutual

Group,

Inc.

80,000

4.950%, 

5/1/2022

g

84,405

Lloyds

Banking

Group

plc

225,000

2.907%, 

11/7/2023

b

234,289

450,000

3.870%, 

7/9/2025

b

494,475

Principal

Amount

Long-Term

Fixed

Income

(40.1%)

Value

Financials

(3.0%)

-

continued

MetLife,

Inc.

$

210,000

4.050%, 

3/1/2045

$

259,545

MGM

Growth

Properties

Operating

Partnership,

LP

150,000

4.625%, 

6/15/2025

g

159,000

60,000

5.750%, 

2/1/2027

67,254

Mitsubishi

UFJ

Financial

Group,

Inc.

455,000

3.455%, 

3/2/2023

483,213

200,000

3.287%, 

7/25/2027

226,950

350,000

2.048%, 

7/17/2030

356,386

Mizuho

Financial

Group,

Inc.

290,000

1.979%, 

9/8/2031

b

290,088

Morgan

Stanley

80,000

4.051%, 

(LIBOR

3M

+

3.810%),

4/15/2021

b,k

80,040

110,000

2.188%, 

4/28/2026

b

115,542

275,000

4.350%, 

9/8/2026

320,103

240,000

3.591%, 

7/22/2028

b

271,474

350,000

3.622%, 

4/1/2031

b

398,518

260,000

2.802%, 

1/25/2052

b

258,312

MPT

Operating

Partnership,

LP

125,000

4.625%, 

8/1/2029

133,684

120,000

3.500%, 

3/15/2031

121,119

Nasdaq,

Inc.

150,000

3.250%, 

4/28/2050

158,391

110,000

3.850%, 

6/30/2026

125,868

Nationwide

Building

Society

200,000

3.622%, 

4/26/2023

b,g

207,316

Natwest

Group

plc

380,000

3.032%, 

11/28/2035

b

381,729

Omega

Healthcare

Investors,

Inc.

225,000

3.375%, 

2/1/2031

234,400

Park

Aerospace

Holdings,

Ltd.

112,000

4.500%, 

3/15/2023

g

117,735

Prudential

Financial,

Inc.

175,000

3.700%, 

3/13/2051

199,544

Quicken

Loans,

LLC

70,000

3.625%, 

3/1/2029

g

70,032

70,000

3.875%, 

3/1/2031

g

70,963

Realty

Income

Corporation

175,000

4.125%, 

10/15/2026

204,407

185,000

1.800%, 

3/15/2033

181,471

Regency

Centers,

LP

290,000

4.125%, 

3/15/2028

330,139

Reinsurance

Group

of

America,

Inc.

160,000

4.700%, 

9/15/2023

176,349

Royal

Bank

of

Scotland

Group

plc

275,000

6.000%, 

12/29/2025

b,k

302,844

200,000

4.445%, 

5/8/2030

b

233,708

Service

Properties

Trust

70,000

4.500%, 

6/15/2023

70,455

20,000

4.750%, 

10/1/2026

19,200

70,000

5.500%, 

12/15/2027

74,779

Societe

Generale

SA

132,000

4.750%, 

11/24/2025

g

149,949

Springleaf

Finance

Corporation

140,000

6.875%, 

3/15/2025

160,213

110,000

7.125%, 

3/15/2026

128,700

65,000

6.625%, 

1/15/2028

75,888

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

218

Principal

Amount

Long-Term

Fixed

Income

(40.1%)

Value

Financials

(3.0%)

-

continued

Sumitomo

Mitsui

Financial

Group,

Inc.

$

120,000

3.010%, 

10/19/2026

$

132,796

250,000

1.710%, 

1/12/2031

246,082

Synchrony

Financial

70,000

4.250%, 

8/15/2024

76,931

175,000

3.950%, 

12/1/2027

195,506

UBS

Group

Funding

Jersey,

Ltd.

138,000

4.125%, 

9/24/2025

g

156,804

UDR,

Inc.

175,000

2.100%, 

8/1/2032

174,717

Ventas

Realty,

LP

140,000

3.100%, 

1/15/2023

146,583

VEREIT

Operating

Partnership,

LP

325,000

2.850%, 

12/15/2032

334,241

VICI

Properties,

LP

50,000

4.250%, 

12/1/2026

g

51,718

30,000

3.750%, 

2/15/2027

g

30,488

90,000

4.625%, 

12/1/2029

g

95,850

30,000

4.125%, 

8/15/2030

g

31,219

Voya

Financial,

Inc.

310,000

3.125%, 

7/15/2024

335,172

Wells

Fargo

&

Company

160,000

3.450%, 

2/13/2023

169,565

200,000

4.125%, 

8/15/2023

217,609

205,000

3.000%, 

2/19/2025

221,713

300,000

3.000%, 

4/22/2026

327,655

163,000

3.000%, 

10/23/2026

179,246

300,000

2.393%, 

6/2/2028

b

316,592

307,000

4.900%, 

11/17/2045

389,704

Westpac

Banking

Corporation

500,000

2.668%, 

11/15/2035

b

505,080

Total

35,304,128

Mortgage-Backed

Securities

(12.1%)

Federal

Home

Loan

Mortgage

Corporation

Conventional

30-Yr.

Pass

Through

6,435,477

3.000%, 

3/25/2050

6,778,424

4,482,724

3.000%, 

4/1/2050

4,721,479

2,510,857

3.500%, 

7/1/2047

2,683,064

Federal

National

Mortgage

Association

1,308,125

4.500%, 

5/1/2048

1,424,996

2,312,873

3.500%, 

10/1/2048

2,456,781

1,572,215

3.500%, 

6/1/2049

1,673,528

2,661,815

3.500%, 

8/1/2049

2,831,079

Federal

National

Mortgage

Association

Conventional

15-Yr.

Pass

Through

23,935,000

2.000%, 

3/1/2035

d

24,970,635

6,750,000

1.500%, 

2/1/2036

d

6,921,387

4,465,000

2.000%, 

2/1/2036

d

4,665,053

4,703,000

1.500%, 

3/1/2036

d

4,813,718

Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through

14,300,000

2.000%, 

2/1/2051

d,l

14,766,984

14,500,000

2.500%, 

2/1/2051

d

15,278,809

3,000,000

1.500%, 

3/1/2051

d

3,009,844

22,125,000

2.000%, 

3/1/2051

d,l

22,807,763

16,250,000

2.500%, 

3/1/2051

d

17,093,603

Principal

Amount

Long-Term

Fixed

Income

(40.1%)

Value

Mortgage-Backed

Securities

(12.1%)

-

continued

$

3,797,752

4.000%, 

7/1/2048

$

4,073,928

Total

140,971,075

Technology

(0.9%)

Apple,

Inc.

170,000

3.200%, 

5/11/2027

191,564

100,000

3.000%, 

6/20/2027

112,279

365,000

3.000%, 

11/13/2027

410,465

490,000

3.750%, 

9/12/2047

586,706

Applied

Materials,

Inc.

88,000

3.300%, 

4/1/2027

99,678

Avnet,

Inc.

120,000

3.750%, 

12/1/2021

122,952

Baidu,

Inc.

220,000

3.425%, 

4/7/2030

240,162

Black

Knight

InfoServ

,

LLC

85,000

3.625%, 

9/1/2028

g

86,016

Broadcom

Corporation

164,000

3.875%, 

1/15/2027

183,195

200,000

3.500%, 

1/15/2028

218,282

Broadcom,

Inc.

125,000

5.000%, 

4/15/2030

148,803

CDW,

LLC

110,000

4.250%, 

4/1/2028

114,688

CommScope

Technologies

Finance,

LLC

256,000

6.000%, 

6/15/2025

g

261,414

Crowdstrike

Holdings,

Inc.

30,000

3.000%, 

2/15/2029

30,356

Diamond

1

Finance

Corporation

295,000

6.020%, 

6/15/2026

g

356,122

Diamond

Sports

Group,

LLC

140,000

6.625%, 

8/15/2027

g

88,900

Fiserv,

Inc.

200,000

2.250%, 

6/1/2027

211,422

250,000

2.650%, 

6/1/2030

265,483

Gartner,

Inc.

110,000

4.500%, 

7/1/2028

g

116,017

60,000

3.750%, 

10/1/2030

g

61,687

Hewlett

Packard

Enterprise

Company

160,000

4.650%, 

10/1/2024

181,348

Iron

Mountain,

Inc.

90,000

5.250%, 

7/15/2030

g

95,400

KLA

Corporation

330,000

3.300%, 

3/1/2050

362,731

Lam

Research

Corporation

275,000

2.875%, 

6/15/2050

286,211

Micron

Technology,

Inc.

110,000

2.497%, 

4/24/2023

114,769

Microsoft

Corporation

318,000

2.675%, 

6/1/2060

322,897

280,000

4.200%, 

11/3/2035

357,912

625,000

3.700%, 

8/8/2046

768,530

NCR

Corporation

240,000

6.125%, 

9/1/2029

g

258,715

NVIDIA

Corporation

275,000

3.500%, 

4/1/2040

316,064

NXP

BV/NXP

Funding,

LLC

225,000

4.875%, 

3/1/2024

g

252,788

Open

Text

Corporation

160,000

4.125%, 

2/15/2030

g

167,952

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

219

Principal

Amount

Long-Term

Fixed

Income

(40.1%)

Value

Technology

(0.9%)

-

continued

Oracle

Corporation

$

350,000

2.800%, 

4/1/2027

$

382,522

225,000

3.850%, 

7/15/2036

266,510

275,000

3.600%, 

4/1/2040

309,459

Plantronics,

Inc.

120,000

5.500%, 

5/31/2023

g

120,450

PTC,

Inc.

40,000

3.625%, 

2/15/2025

g

41,000

40,000

4.000%, 

2/15/2028

g

41,600

Qorvo

,

Inc.

80,000

3.375%, 

4/1/2031

g

81,800

Rackspace

Technology

Global,

Inc.

100,000

5.375%, 

12/1/2028

g

104,250

Sensata

Technologies

BV

100,000

5.000%, 

10/1/2025

g

110,250

Sensata

Technologies,

Inc.

110,000

3.750%, 

2/15/2031

g

112,892

Shift4

Payments,

LLC

30,000

4.625%, 

11/1/2026

g

31,275

SS&C

Technologies,

Inc.

210,000

5.500%, 

9/30/2027

g

222,392

Switch,

Ltd.

170,000

3.750%, 

9/15/2028

g

173,596

Texas

Instruments,

Inc.

270,000

4.150%, 

5/15/2048

349,920

Tyco

Electronics

Group

SA

40,000

3.450%, 

8/1/2024

43,217

80,000

3.125%, 

8/15/2027

90,275

VMware,

Inc.

250,000

4.650%, 

5/15/2027

290,048

Total

10,162,964

Transportation

(0.2%)

Air

Canada

Pass

Through

Trust

40,570

3.875%, 

3/15/2023

g

39,629

American

Airlines,

Inc.

70,000

11.750%, 

7/15/2025

g

80,899

Boeing

Company

213,000

5.805%, 

5/1/2050

280,816

Burlington

Northern

Santa

Fe,

LLC

130,000

5.750%, 

5/1/2040

188,965

100,000

5.050%, 

3/1/2041

135,228

130,000

4.450%, 

3/15/2043

167,421

CSX

Corporation

165,000

3.800%, 

4/15/2050

194,863

Delta

Air

Lines,

Inc.

130,000

7.000%, 

5/1/2025

g

150,746

50,000

7.375%, 

1/15/2026

57,441

Hawaiian

Brand

Intellectual

Property,

Ltd.

110,000

5.750%, 

1/20/2026

d,g

114,400

Mileage

Plus

Holdings,

LLC

90,000

6.500%, 

6/20/2027

g

98,438

Southwest

Airlines

Company

250,000

4.750%, 

5/4/2023

270,906

75,000

5.125%, 

6/15/2027

88,815

United

Parcel

Service,

Inc.

220,000

4.450%, 

4/1/2030

270,406

XPO

Logistics,

Inc.

125,000

6.750%, 

8/15/2024

g

132,200

Total

2,271,173

Principal

Amount

Long-Term

Fixed

Income

(40.1%)

Value

U.S.

Government

&

Agencies

(12.8%)

U.S.

Treasury

Bonds

$

4,725,000

1.625%, 

11/15/2050

$

4,491,703

2,285,000

2.250%, 

11/15/2027

2,515,642

5,450,000

2.875%, 

5/15/2028

6,254,514

2,190,000

5.250%, 

11/15/2028

2,920,314

4,000,000

1.625%, 

8/15/2029

4,225,312

6,250,000

1.500%, 

2/15/2030

6,520,019

550,000

4.375%, 

5/15/2040

809,166

7,335,000

1.375%, 

11/15/2040

6,988,880

2,000,000

3.000%, 

5/15/2042

2,484,375

4,999,000

2.500%, 

5/15/2046

5,737,134

7,300,000

2.875%, 

5/15/2049

9,045,726

200,000

2.375%, 

11/15/2049

225,273

U.S.

Treasury

Notes

1,170,000

1.125%, 

2/28/2022

1,182,980

5,750,000

0.125%, 

6/30/2022

5,751,797

4,060,000

1.875%, 

7/31/2022

4,167,368

9,300,000

0.125%, 

10/31/2022

9,302,180

19,985,000

2.000%, 

11/30/2022

20,671,204

1,700,000

2.500%, 

3/31/2023

1,787,125

2,750,000

0.125%, 

10/15/2023

2,747,529

11,330,000

2.500%, 

1/31/2024

12,114,691

1,350,000

2.125%, 

7/31/2024

1,438,910

8,000,000

1.250%, 

8/31/2024

8,284,375

2,540,000

2.250%, 

11/15/2024

2,728,912

1,090,000

2.125%, 

11/30/2024

1,166,555

950,000

1.375%, 

1/31/2025

990,598

5,000,000

0.250%, 

8/31/2025

4,971,680

7,440,000

2.625%, 

1/31/2026

8,246,194

9,300,000

2.500%, 

2/28/2026

10,257,973

1,950,000

0.500%, 

4/30/2027

1,933,395

Total

149,961,524

Utilities

(0.9%)

Ameren

Illinois

Company

150,000

4.500%, 

3/15/2049

197,623

American

Water

Capital

Corporation

275,000

2.800%, 

5/1/2030

300,147

Appalachian

Power

Company

85,000

3.300%, 

6/1/2027

94,568

Arizona

Public

Service

Company

150,000

3.500%, 

12/1/2049

169,959

Berkshire

Hathaway

Energy

Company

140,000

4.500%, 

2/1/2045

174,168

Calpine

Corporation

140,000

4.500%, 

2/15/2028

g

143,808

CenterPoint

Energy,

Inc.

175,000

2.500%, 

9/1/2024

185,987

140,000

4.250%, 

11/1/2028

164,734

CMS

Energy

Corporation

120,000

2.950%, 

2/15/2027

130,522

Commonwealth

Edison

Company

205,000

3.700%, 

3/1/2045

237,675

Consolidated

Edison

Company

of

New

York,

Inc.

325,000

4.125%, 

5/15/2049

395,635

Consolidated

Edison,

Inc.

69,000

4.500%, 

12/1/2045

85,888

Consumers

Energy

Company

175,000

4.350%, 

4/15/2049

232,470

DTE

Electric

Company

115,000

3.700%, 

3/15/2045

134,151

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

220

Principal

Amount

Long-Term

Fixed

Income

(40.1%)

Value

Utilities

(0.9%)

-

continued

$

145,000

3.700%, 

6/1/2046

$

169,155

Duke

Energy

Carolinas,

LLC

315,000

3.700%, 

12/1/2047

366,734

Duke

Energy

Corporation

160,000

3.750%, 

9/1/2046

176,401

Duke

Energy

Florida,

LLC

120,000

3.200%, 

1/15/2027

133,881

Duke

Energy

Indiana,

LLC

185,000

3.750%, 

5/15/2046

212,279

Edison

International

250,000

5.750%, 

6/15/2027

300,678

Exelon

Corporation

200,000

4.700%, 

4/15/2050

256,790

50,000

5.100%, 

6/15/2045

65,707

263,000

4.450%, 

4/15/2046

323,088

FirstEnergy

Corporation

50,000

2.850%, 

7/15/2022

50,940

ITC

Holdings

Corporation

66,000

4.050%, 

7/1/2023

70,970

80,000

5.300%, 

7/1/2043

104,342

Mississippi

Power

Company

165,000

3.950%, 

3/30/2028

190,138

Monongahela

Power

Company

150,000

5.400%, 

12/15/2043

g

195,084

National

Rural

Utilities

Cooperative

Finance

Corporation

90,000

3.900%, 

11/1/2028

104,789

200,000

3.700%, 

3/15/2029

232,477

NextEra

Energy

Operating

Partners,

LP

240,000

3.875%, 

10/15/2026

g

256,986

NiSource

Finance

Corporation

255,000

5.650%, 

2/1/2045

356,737

NiSource,

Inc.

250,000

3.600%, 

5/1/2030

284,382

NRG

Energy,

Inc.

230,000

3.375%, 

2/15/2029

g

235,267

30,000

3.625%, 

2/15/2031

g

31,200

Pacific

Gas

and

Electric

Company

175,000

3.300%, 

12/1/2027

188,900

175,000

3.950%, 

12/1/2047

175,858

PG&E

Corporation

60,000

5.000%, 

7/1/2028

64,372

50,000

5.250%, 

7/1/2030

55,000

PPL

Capital

Funding,

Inc.

225,000

5.000%, 

3/15/2044

281,477

PPL

Electric

Utilities

Corporation

132,000

3.950%, 

6/1/2047

159,109

Public

Service

Electric

&

Gas

Company

220,000

3.000%, 

5/15/2027

243,165

San

Diego

Gas

and

Electric

Company

270,000

4.150%, 

5/15/2048

331,940

South

Carolina

Electric

&

Gas

Company

350,000

5.100%, 

6/1/2065

534,834

Southern

California

Edison

Company

175,000

4.000%, 

4/1/2047

195,646

Southern

Company

215,000

3.250%, 

7/1/2026

239,087

Principal

Amount

Long-Term

Fixed

Income

(40.1%)

Value

Utilities

(0.9%)

-

continued

Southern

Company

Gas

Capital

Corporation

$

220,000

4.400%, 

5/30/2047

$

267,644

Southwestern

Electric

Power

Company

65,000

3.900%, 

4/1/2045

73,469

Suburban

Propane

Partners,

LP

110,000

5.875%, 

3/1/2027

114,675

Talen

Energy

Supply,

LLC

120,000

7.625%, 

6/1/2028

g

129,300

TerraForm

Power

Operating,

LLC

120,000

5.000%, 

1/31/2028

g

133,200

Virginia

Electric

and

Power

Company

125,000

4.600%, 

12/1/2048

166,939

Vistra

Operations

Company,

LLC

160,000

5.000%, 

7/31/2027

g

168,432

Total

10,288,407

Total

Long-Term

Fixed

Income

(cost

$447,764,419)

468,357,406

Shares

Registered

Investment

Companies

(

39.6%

)

Value

Unaffiliated  (1.6%)

1,526

Health

Care

Select

Sector

SPDR

Fund

175,536

375,900

Invesco

Senior

Loan

ETF

8,352,498

24,250

iShares

iBoxx

$

Investment

Grade

Corporate

Bond

ETF

j

3,288,300

496

iShares

Russell

2000

Index

Fund

j

101,958

2,123

ProShares

Ultra

S&P

500

j

189,478

12,976

SPDR

Bloomberg

Barclays

High

Yield

Bond

ETF

1,406,598

14,083

SPDR

S&P

500

ETF

Trust

5,211,696

396

SPDR

S&P

Biotech

ETF

j

60,540

1,316

SPDR

S&P

Oil

&

Gas

Exploration

ETF

j

84,645

1,485

SPDR

S&P

Regional

Banking

ETF

80,739

Total

18,951,988

Affiliated  (38.0%)

3,960,539

Thrivent

Core

Emerging

Markets

Debt

Fund

40,357,897

770,450

Thrivent

Core

Emerging

Markets

Equity

Fund

9,407,198

991,575

Thrivent

Core

International

Equity

Fund

9,598,448

2,528,896

Thrivent

Core

Low

Volatility

Equity

Fund

31,054,841

60,934

Thrivent

Global

Stock

Fund,

Class

S

1,665,337

5,356,691

Thrivent

High

Yield

Fund,

Class

S

25,069,315

8,445,269

Thrivent

Income

Fund,

Class

S

84,114,881

4,003,955

Thrivent

International

Allocation

Fund,

Class

S

42,401,880

3,098,952

Thrivent

Large

Cap

Growth

Fund,

Class

S

53,611,877

3,216,901

Thrivent

Large

Cap

Value

Fund,

Class

S

74,535,592

3,278,124

Thrivent

Limited

Maturity

Bond

Fund,

Class

S

41,796,086

715,315

Thrivent

Mid

Cap

Stock

Fund,

Class

S

23,340,742

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

221

Shares

Registered

Investment

Companies

(39.6%)

Value

Affiliated  (38.0%)-

continued

216,153

Thrivent

Small

Cap

Stock

Fund,

Class

S

$

6,359,235

Total

443,313,329

Total

Registered

Investment

Companies

(cost

$357,257,019)

462,265,317

Shares

Common

Stock

(

11.8%

)

Value

Communications

Services

(0.5%)

703

Activision

Blizzard,

Inc.

63,973

509

Alphabet,

Inc.,

Class

A

m

930,126

251

Alphabet,

Inc.,

Class

C

m

460,771

2,342

ANGI

Homeservices

,

Inc.

m

32,741

3,974

AT&T,

Inc.

113,776

399

Charter

Communications,

Inc.

m

242,416

2,077

Cinemark

Holdings,

Inc.

j

42,039

32

Cogent

Communications

Holdings

1,822

3,105

Comcast

Corporation

153,915

606

Consolidated

Communications

Holdings,

Inc.

m

3,700

1,337

Discovery,

Inc.,

Class

A

j,m

55,379

1,340

DISH

Network

Corporation

m

38,887

795

EchoStar

Corporation

m

16,647

2,067

Facebook,

Inc.

m

533,968

400

Hemisphere

Media

Group,

Inc.

m

4,176

2,689

Interpublic

Group

of

Companies,

Inc.

64,724

6,209

Live

Nation

Entertainment,

Inc.

m

412,588

3,667

Match

Group,

Inc.

m

512,867

695

Meredith

Corporation

15,241

924

News Corporation

17,445

514

Omnicom

Group,

Inc.

32,063

3,656

ORBCOMM,

Inc.

m

27,383

16,384

QuinStreet

,

Inc.

m

346,849

1,560

RingCentral,

Inc.

m

581,755

531

Scholastic

Corporation

13,684

1,271

Take-Two

Interactive

Software,

Inc.

m

254,772

1,803

Twitter,

Inc.

m

91,106

1,979

Uber

Technologies,

Inc.

m

100,790

2,510

Verizon

Communications,

Inc.

137,423

2,705

Walt

Disney

Company

m

454,900

301

Windstream

Services,

LLC,

Warrants

(Expires

12/31/2049)

m

3,938

587

Zillow

Group,

Inc.

m

81,429

Total

5,843,293

Consumer

Discretionary

(1.5%)

387

Aaron's

Company,

Inc.

m

6,556

1,256

Adient

plc

m

40,556

637

Amazon.com,

Inc.

m

2,042,349

1,499

American

Eagle

Outfitters,

Inc.

j

34,012

88

American

Public

Education,

Inc.

m

2,533

4,458

Aptiv

plc

595,589

843

At

Home

Group,

Inc.

m

20,544

631

AutoNation,

Inc.

m

44,978

69

AutoZone,

Inc.

m

77,168

132

Bally's

Corporation

6,927

70

Beazer

Homes

USA,

Inc.

m

1,163

686

Bed

Bath

&

Beyond,

Inc.

j

24,236

924

BJ's

Restaurants,

Inc.

m

43,188

132

Booking

Holdings,

Inc.

m

256,652

3,081

Bright

Horizons

Family

Solutions,

Inc.

m

468,220

Shares

Common

Stock

(11.8%)

Value

Consumer

Discretionary

(1.5%)

-

continued

414

Brinker

International,

Inc.

$

24,376

279

Brunswick

Corporation

24,122

1,607

Burlington

Stores,

Inc.

m

399,982

921

Caesars

Entertainment,

Inc.

m

64,829

225

Camping

World

Holdings,

Inc.

7,686

1,333

Carnival

Corporation

24,887

99

Carvana

Company

m

25,858

26

Cavco

Industries,

Inc.

m

4,905

5,488

Cedar

Fair,

LP

220,069

483

Century

Casinos,

Inc.

m

3,357

353

Century

Communities,

Inc.

m

16,570

2,220

Chegg

,

Inc.

m

211,477

3,620

Chewy,

Inc.

j,m

368,588

11,690

Chico's

FAS,

Inc.

25,835

217

Children's

Place,

Inc.

m

15,943

367

Chipotle

Mexican

Grill,

Inc.

m

543,160

966

Choice

Hotels

International,

Inc.

97,218

138

Churchill

Downs,

Inc.

25,868

11,832

Cooper-Standard

Holdings,

Inc.

m

360,994

615

Cracker

Barrel

Old

Country

Store,

Inc.

83,216

2,992

Crocs,

Inc.

m

209,500

1,909

Culp,

Inc.

29,456

559

D.R.

Horton,

Inc.

42,931

1,027

Dana,

Inc.

19,883

696

Darden

Restaurants,

Inc.

81,355

278

Deckers

Outdoor

Corporation

m

81,170

753

Denny's

Corporation

m

11,845

1,777

Designer

Brands,

Inc.

21,768

1,307

Dick's

Sporting

Goods,

Inc.

87,582

434

Dine

Brands

Global,

Inc.

29,842

1,178

Domino's

Pizza,

Inc.

436,755

662

Dorman

Products,

Inc.

m

60,130

10,143

Duluth

Holdings,

Inc.

j,m

126,483

2,695

Emerald

Holding,

Inc.

10,942

599

Ethan

Allen

Interiors,

Inc.

14,166

1,052

Etsy,

Inc.

m

209,443

361

Expedia

Group,

Inc.

44,800

1,033

Extended

Stay

America,

Inc.

15,164

2,117

Five

Below,

Inc.

m

372,020

848

Foot

Locker,

Inc.

37,159

121

Fox

Factory

Holding

Corporation

m

14,476

4,759

Gap,

Inc.

m

96,370

309

Garmin,

Ltd.

35,492

921

Gentex

Corporation

30,439

837

Genuine

Parts

Company

78,578

4,166

Goodyear

Tire

&

Rubber

Company

43,951

526

Grand

Canyon

Education,

Inc.

m

44,678

358

Groupon,

Inc.

m

12,233

1,389

H&R

Block,

Inc.

23,933

4,185

Hanesbrands,

Inc.

63,989

2,214

Harley-Davidson,

Inc.

88,759

345

Helen

of

Troy,

Ltd.

m

84,266

2,492

Home

Depot,

Inc.

674,883

208

Hovnanian

Enterprises,

Inc.

m

10,641

657

Jack

in

the

Box,

Inc.

61,850

1,333

KB

Home

55,506

1,908

Knoll,

Inc.

28,544

3,393

Kohl's

Corporation

149,496

2,459

L

Brands,

Inc.

100,229

1,682

Lear

Corporation

253,578

4,965

Leggett

&

Platt,

Inc.

203,565

1,326

Lithia

Motors,

Inc.

422,570

1,696

Lowe's

Companies,

Inc.

282,978

287

Lululemon

Athletica

,

Inc.

m

94,331

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

222

Shares

Common

Stock

(11.8%)

Value

Consumer

Discretionary

(1.5%)

-

continued

431

M.D.C.

Holdings,

Inc.

$

22,421

452

Madison

Square

Garden

Sports

Corporation

m

73,174

654

Marcus

Corporation

11,510

240

Marriott

International,

Inc.

27,914

190

Marriott

Vacations

Worldwide

Corporation

23,324

2,785

Mattel,

Inc.

m

50,464

1,452

McDonald's

Corporation

301,784

588

Meritage

Homes

Corporation

m

47,193

1,285

Michaels

Companies,

Inc.

m

19,918

5,050

Miller

Industries,

Inc.

201,394

261

Mohawk

Industries,

Inc.

m

37,480

2,528

NIKE,

Inc.

337,716

1,969

Nordstrom,

Inc.

j

69,801

1,972

Norwegian

Cruise

Line

Holdings,

Ltd.

j,m

44,666

138

NVR,

Inc.

m

613,614

1,273

Ollie's

Bargain

Outlet

Holdings,

Inc.

m

120,591

502

Overstock.com,

Inc.

j,m

38,955

4,732

Park

Hotels

&

Resorts,

Inc.

78,930

1,682

Penn

National

Gaming,

Inc.

m

174,457

7,250

Planet

Fitness,

Inc.

m

522,000

6,165

Playa

Hotels

and

Resorts

NV

m

32,798

363

Pool

Corporation

128,567

1,962

PulteGroup,

Inc.

85,347

477

Purple

Innovation,

Inc.

m

16,237

123

PVH

Corporation

10,487

3,130

Red

Rock

Resorts,

Inc.

73,492

172

RH

m

81,762

108

Royal

Caribbean

Cruises,

Ltd.

7,020

2,224

Ruth's

Hospitality

Group,

Inc.

40,455

332

Scientific

Games

Corporation

m

13,021

1,327

Six

Flags

Entertainment

Corporation

45,383

2,999

Skyline

Corporation

m

100,856

1,870

Sleep

Number

Corporation

m

201,474

730

Sony

Corporation

ADR

69,868

1,644

Standard

Motor

Products,

Inc.

64,494

7,099

Stoneridge,

Inc.

m

194,868

70

Strategic

Education,

Inc.

6,186

5,572

Taylor

Morrison

Home

Corporation

m

144,761

1,436

Tenneco,

Inc.

m

14,504

685

Tesla,

Inc.

m

543,568

4,054

Texas

Roadhouse,

Inc.

308,955

1,627

Thor

Industries,

Inc.

196,883

3,118

Toll

Brothers,

Inc.

159,330

159

TopBuild

Corporation

m

31,792

1,435

Tri

Pointe

Homes,

Inc.

m

28,987

740

Tupperware

Brands

Corporation

m

22,259

1,314

Ulta

Beauty,

Inc.

m

367,605

373

Vail

Resorts,

Inc.

99,203

76

Wayfair,

Inc.

m

20,696

150

Whirlpool

Corporation

27,764

161

Williams-Sonoma,

Inc.

20,756

1,242

Wingstop

,

Inc.

186,362

9

Winmark

Corporation

1,536

399

Wyndham

Destinations,

Inc.

17,652

277

YETI

Holdings,

Inc.

m

18,232

1,044

Yum!

Brands,

Inc.

105,956

5,094

Zumiez

,

Inc.

m

219,450

Total

17,637,212

Shares

Common

Stock

(11.8%)

Value

Consumer

Staples

(0.4%)

78

Beyond

Meat,

Inc.

m

$

13,890

534

BJ's

Wholesale

Club

Holdings,

Inc.

m

22,465

67

Boston

Beer

Company,

Inc.

m

61,432

1,669

Casey's

General

Stores,

Inc.

312,904

19

Church

&

Dwight

Company,

Inc.

1,604

2,563

Colgate-Palmolive

Company

199,914

1,211

Costco

Wholesale

Corporation

426,793

6,209

Coty,

Inc.

39,551

2,365

Darling

Ingredients,

Inc.

m

146,654

6,946

e.l.f

.

Beauty,

Inc.

m

151,145

414

Edgewell

Personal

Care

Company

13,828

596

Flowers

Foods,

Inc.

13,684

2,865

Hain

Celestial

Group,

Inc.

m

119,141

33

Herbalife

Nutrition,

Ltd.

m

1,682

362

Ingredion,

Inc.

27,320

1,423

John

B.

Sanfilippo

&

Son,

Inc.

114,452

233

Kimberly-Clark

Corporation

30,779

4,468

Lamb

Weston

Holdings,

Inc.

333,760

76

Lancaster

Colony

Corporation

13,268

492

McCormick

&

Company,

Inc.

44,054

143

Medifast

,

Inc.

33,558

3,815

Monster

Beverage

Corporation

m

331,256

2,281

NewAge

,

Inc.

m

6,957

210

Nu

Skin

Enterprises,

Inc.

12,153

255

PepsiCo,

Inc.

34,825

586

Performance

Food

Group

Company

m

27,472

4,644

Philip

Morris

International,

Inc.

369,895

20

PriceSmart

,

Inc.

1,878

21,277

Primo

Water

Corporation

328,730

2,012

Procter

&

Gamble

Company

257,958

454

Seneca

Foods

Corporation

m

16,457

209

Spectrum

Brands

Holdings,

Inc.

15,794

1,242

Sprouts

Farmers

Markets,

Inc.

m

28,131

145

Tootsie

Roll

Industries,

Inc.

j

5,739

10,677

Turning

Point

Brands,

Inc.

502,887

786

US

Foods

Holding

Corporation

m

24,358

388

Utz

Brands,

Inc.

9,149

550

Vector

Group,

Ltd.

6,457

1,087

Wal-Mart

Stores,

Inc.

152,713

69

WD-40

Company

21,004

Total

4,275,691

Energy

(0.2%)

208

Abraxas

Petroleum

Corporation

m

530

3,678

Antero

Midstream

Corporation

29,792

4,477

Apache

Corporation

63,932

6,491

Archrock

,

Inc.

57,575

1,867

BP

plc

ADR

41,485

4,627

Centennial

Resource

Development,

Inc.

m

10,827

1,986

ChampionX

Corporation

m

30,366

1,489

Chevron

Corporation

126,863

4,447

Cimarex

Energy

Company

187,574

2,055

Continental

Resources,

Inc.

j

40,463

3,999

Core

Laboratories

NV

131,887

950

Delek

US

Holdings,

Inc.

17,822

25,569

Devon

Energy

Corporation

420,866

4,474

Diamondback

Energy,

Inc.

253,631

7,323

EnLink

Midstream,

LLC

m

28,486

1,292

Enterprise

Products

Partners,

LP

26,137

2,494

EOG

Resources,

Inc.

127,094

7,068

EQT

Corporation

115,279

3,652

Equitrans

Midstream

Corporation

24,286

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

223

Shares

Common

Stock

(11.8%)

Value

Energy

(0.2%)

-

continued

359

Evolution

Petroleum

Corporation

$

1,142

2,894

Exterran

Corporation

m

12,502

1,579

Exxon

Mobil

Corporation

70,802

4,283

Frank's

International

NV

m

11,907

4,637

Gran

Tierra

Energy,

Inc.

m

2,727

1,057

Halliburton

Company

18,635

15,057

Helmerich

&

Payne,

Inc.

365,584

2,140

HollyFrontier

Corporation

60,904

1,462

Liberty

Oilfield

Services,

Inc.

17,573

8,552

Marathon

Oil

Corporation

61,917

1,021

Marathon

Petroleum

Corporation

44,066

22,864

McDermott

International,

Inc.

m

23,321

11,667

Nine

Energy

Service,

Inc.

m

30,218

1,444

Occidental

Petroleum

Corporation

28,967

2,755

Oceaneering

International,

Inc.

m

23,280

7,036

Patterson-UTI

Energy,

Inc.

43,271

386

Pioneer

Natural

Resources

Company

46,667

1,492

Plains

GP

Holdings,

LP

m

12,891

2,181

ProPetro

Holding

Corporation

m

17,426

885

RPC,

Inc.

m

3,947

1,785

Schlumberger,

Ltd.

39,645

5,155

Southwestern

Energy

Company

m

19,434

2,677

Talos

Energy,

Inc.

m

22,647

2,515

Targa

Resources

Corporation

68,836

3,667

TechnipFMC

plc

39,200

613

Valero

Energy

Corporation

34,592

Total

2,856,996

Financials

(1.7%)

71

1st

Source

Corporation

2,794

2,168

AG

Mortgage

Investment

Trust,

Inc.

7,675

6,758

Air

Lease

Corporation

267,820

434

Alleghany

Corporation

246,013

2,398

Ally

Financial,

Inc.

90,740

588

American

Express

Company

68,361

4,977

American

Financial

Group,

Inc.

468,535

300

Ameriprise

Financial,

Inc.

59,361

1,699

Ameris

Bancorp

66,448

586

Aon

plc

119,017

4,246

Apollo

Commercial

Real

Estate

Finance,

Inc.

47,470

4,776

Arch

Capital

Group,

Ltd.

m

150,014

493

Argo

Group

International

Holdings,

Ltd.

19,893

4,361

Arthur

J.

Gallagher

&

Company

503,303

1,733

Artisan

Partners

Asset

Management,

Inc.

83,877

7,601

Associated

Banc-Corp

136,362

9,425

Assured

Guaranty,

Ltd.

336,944

1,106

Bancorp,

Inc.

m

18,548

5,717

Bank

of

America

Corporation

169,509

436

Bank

of

Marin

Bancorp

16,193

4,971

Bank

of

N.T.

Butterfield

&

Son,

Ltd.

151,168

1,831

BankFinancial

Corporation

15,527

2,513

Banner

Corporation

111,150

1,316

Berkshire

Hathaway,

Inc.

m

299,877

6,507

Berkshire

Hills

Bancorp,

Inc.

107,886

563

BlackRock,

Inc.

394,809

795

Blackstone

Mortgage

Trust,

Inc.

21,195

12

BM

Technologies,

Inc.

e,m

165

121

BOK

Financial

Corporation

8,937

316

Bridge

Bancorp,

Inc.

m

7,720

12,606

Bridgewater

Bancshares,

Inc.

m

161,861

Shares

Common

Stock

(11.8%)

Value

Financials

(1.7%)

-

continued

738

Brighthouse

Financial,

Inc.

m

$

26,096

5,272

BrightSphere

Investment

Group

96,636

3,067

Brookline

Bancorp,

Inc.

38,614

716

Brown

&

Brown,

Inc.

30,852

755

Byline

Bancorp,

Inc.

12,133

879

Capital

One

Financial

Corporation

91,645

278

Cboe

Global

Markets,

Inc.

25,501

2,825

Central

Pacific

Financial

Corporation

56,161

2,017

Charles

Schwab

Corporation

103,956

1,547

Chimera

Investment

Corporation

15,625

690

Chubb,

Ltd.

100,512

530

Cincinnati

Financial

Corporation

44,568

5,167

Citigroup,

Inc.

299,634

1,282

Citizens

Financial

Group,

Inc.

46,716

1,306

CME

Group,

Inc.

237,352

8,836

Columbia

Banking

System,

Inc.

340,363

531

Comerica,

Inc.

30,373

290

Commerce

Bancshares,

Inc.

19,386

3,219

Community

Trust

Bancorp,

Inc.

117,365

285

Cullen/Frost

Bankers,

Inc.

26,288

452

Customers

Bancorp,

Inc.

m

10,043

80

Diamond

Hill

Investment

Group,

Inc.

11,858

541

Discover

Financial

Services

45,195

1,116

East

West

Bancorp,

Inc.

66,893

1,357

Ellington

Residential

Mortgage

REIT

16,230

101

Employers

Holdings,

Inc.

3,080

757

Enterprise

Financial

Services

Corporation

26,730

2,807

Equitable

Holdings,

Inc.

69,557

2,095

Essent

Group,

Ltd.

87,634

2,903

Evercore

,

Inc.

316,717

28,012

Everi

Holdings,

Inc.

m

366,397

7,345

F.N.B.

Corporation

72,422

531

FactSet

Research

Systems,

Inc.

160,543

628

FBL

Financial

Group,

Inc.

35,193

174

Federal

Agricultural

Mortgage

Corporation

13,224

2,266

Financial

Institutions,

Inc.

51,869

217

First

American

Financial

Corporation

11,347

2,966

First

Bancorp/Puerto

Rico

26,991

140

First

Bancorp/Southern

Pines

NC

4,768

4,522

First

Busey

Corporation

93,470

5,327

First

Financial

Bancorp

97,591

1,460

First

Financial

Corporation

56,049

1,817

First

Horizon

Corporation

25,238

161

First

Mid-Illinois

Bancshares,

Inc.

5,453

4,362

First

Midwest

Bancorp,

Inc.

72,104

254

First

of

Long

Island

Corporation

4,249

197

First

Republic

Bank

28,563

4,250

Flagstar

Bancorp,

Inc.

182,113

451

Flushing

Financial

Corporation

8,244

15,663

Fulton

Financial

Corporation

209,884

2,319

Glacier

Bancorp,

Inc.

108,181

104

Goldman

Sachs

Group,

Inc.

28,202

3,612

Granite

Point

Mortgage

Trust,

Inc.

33,664

3,356

Great

Southern

Bancorp,

Inc.

165,015

2,618

Great

Western

Bancorp,

Inc.

62,832

1,167

Hamilton

Lane,

Inc.

87,957

8,959

Hancock

Whitney

Corporation

305,860

1,523

Hanmi

Financial

Corporation

21,048

2,227

Hanover

Insurance

Group,

Inc.

250,471

9,594

Heartland

Financial

USA,

Inc.

409,280

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

224

Shares

Common

Stock

(11.8%)

Value

Financials

(1.7%)

-

continued

19,821

Heritage

Commerce

Corporation

$

174,028

2,662

Hometrust

Bancshares,

Inc.

55,902

14,844

Hope

Bancorp,

Inc.

165,956

3,296

Horizon

Bancorp,

Inc.

52,176

282

Houlihan

Lokey

,

Inc.

18,288

3,199

Independent

Bank

Corporation

58,734

644

Interactive

Brokers

Group,

Inc.

39,406

2,676

J.P.

Morgan

Chase

&

Company

344,321

4,905

James

River

Group

Holdings,

Ltd.

218,174

818

Janus

Henderson

Group

plc

25,162

1,307

Kemper

Corporation

91,947

4,002

KeyCorp

67,474

2,191

Kinsale

Capital

Group,

Inc.

410,944

2,546

Ladder

Capital

Corporation

25,027

1,235

Lakeland

Bancorp,

Inc.

16,191

1,563

Lincoln

National

Corporation

71,101

786

Loews

Corporation

35,598

40

Markel

Corporation

m

38,779

78

MarketAxess

Holdings,

Inc.

42,179

609

Marsh

&

McLennan

Companies,

Inc.

66,935

740

Mercantile

Bank

Corporation

20,091

5,200

Meridian

Bancorp,

Inc.

78,780

893

MetLife,

Inc.

42,998

1,038

Midland

States

Bancorp,

Inc.

19,089

4,475

MidWestOne

Financial

Group,

Inc.

110,040

461

Moody's

Corporation

122,746

1,403

Morgan

Stanley

94,071

67

Morningstar,

Inc.

15,403

1,694

Mr.

Cooper

Group,

Inc.

m

46,128

1,011

MSCI,

Inc.

399,648

11

Nasdaq,

Inc.

1,488

37

National

Western

Life

Group,

Inc.

6,660

175

NBT

Bancorp,

Inc.

5,777

7,411

New

York

Community

Bancorp,

Inc.

77,519

1,206

Northern

Trust

Corporation

107,563

908

OFG

Bancorp

15,599

1,290

Old

National

Bancorp

21,659

1,705

Old

Second

Bancorp,

Inc.

16,743

5,127

PacWest

Bancorp

154,784

177

Peapack

-Gladstone

Financial

Corporation

4,163

578

Peoples

Bancorp,

Inc.

17,629

11,874

People's

United

Financial,

Inc.

162,199

7,163

Popular,

Inc.

406,500

3,885

Premier

Financial

Corporation

107,848

2,151

Primerica,

Inc.

299,656

888

PROG

Holdings,

Inc.

41,896

603

Prosperity

Bancshares,

Inc.

40,666

2,373

QCR

Holdings,

Inc.

92,025

6,829

Radian

Group,

Inc.

131,117

1,282

Raymond

James

Financial,

Inc.

128,110

4,174

Redwood

Trust,

Inc.

35,813

2,281

Reinsurance

Group

of

America,

Inc.

239,619

89

RLI

Corporation

8,613

715

S&P

Global,

Inc.

226,655

353

Safety

Insurance

Group,

Inc.

25,924

6,267

Santander

Consumer

USA

Holdings,

Inc.

138,501

9,601

Seacoast

Banking

Corporation

of

Florida

m

292,350

3,479

SEI

Investments

Company

183,865

1,646

Selective

Insurance

Group,

Inc.

106,957

1,545

Signature

Bank

255,219

Shares

Common

Stock

(11.8%)

Value

Financials

(1.7%)

-

continued

3,286

Simmons

First

National

Corporation

$

81,164

394

Southside

Bancshares,

Inc.

12,360

4,708

Starwood

Property

Trust,

Inc.

88,322

814

Sterling

Bancorp

15,026

495

Stifel

Financial

Corporation

25,651

10,106

Synovus

Financial

Corporation

375,943

2,152

T.

Rowe

Price

Group,

Inc.

336,745

720

Territorial

Bancorp,

Inc.

17,179

886

TMX

Group,

Ltd.

85,458

31

Tompkins

Financial

Corporation

2,073

171

Torchmark

Corporation

15,457

625

Towne

Bank

14,500

2,368

TPG

RE

Finance

Trust,

Inc.

23,135

1,376

TriCo

Bancshares

51,325

7,346

Triumph

Bancorp,

Inc.

m

421,220

1,130

Truist

Financial

Corporation

54,217

4,637

TrustCo

Bank

Corporation

28,842

671

Trustmark

Corporation

18,432

2,911

Two

Harbors

Investment

Corporation

17,670

3,774

Umpqua

Holdings

Corporation

54,761

2,541

United

Bankshares

,

Inc.

80,448

212

Univest

Financial

Corporation

4,759

1,442

Unum

Group

33,498

5,940

Valley

National

Bancorp

60,647

169

Walker

&

Dunlop,

Inc.

13,912

824

Washington

Trust

Bancorp,

Inc.

35,910

895

Webster

Financial

Corporation

41,841

9,000

Wells

Fargo

&

Company

268,920

1,037

WesBanco

,

Inc.

30,073

16,063

Western

Alliance

Bancorp

1,095,175

5,089

Western

Asset

Mortgage

Capital

Corporation

15,013

89

Westwood

Holdings

Group,

Inc.

1,054

2,850

Wintrust

Financial

Corporation

171,542

3,551

Zions

Bancorporations

NA

156,741

150

Zurich

Insurance

Group

AG

59,977

Total

19,700,530

Health

Care

(1.7%)

4,016

Abbott

Laboratories

496,337

1,151

AbbVie,

Inc.

117,954

391

Acadia

Healthcare

Company,

Inc.

m

19,816

9,432

ACADIA

Pharmaceuticals,

Inc.

m

453,208

186

Acceleron

Pharma,

Inc.

m

21,489

2,857

ADMA

Biologics,

Inc.

m

6,343

1,143

Adverum

Biotechnologies,

Inc.

m

14,093

752

Agile

Therapeutics,

Inc.

m

2,121

1,796

Akebia

Therapeutics,

Inc.

m

5,819

95

Align

Technology,

Inc.

m

49,911

101

Allakos

,

Inc.

m

13,466

697

Altimmune

,

Inc.

m

9,953

526

AmerisourceBergen

Corporation

54,809

1,775

Amgen,

Inc.

428,538

3,743

AMN

Healthcare

Services,

Inc.

m

269,945

1,090

AnaptysBio

,

Inc.

m

28,253

239

Anthem,

Inc.

70,978

17,922

Ardelyx

,

Inc.

m

121,690

536

Arena

Pharmaceuticals,

Inc.

m

39,793

1,169

Argenx

SE

ADR

m

342,540

1,181

Arrowhead

Research

Corporation

m

91,138

1,493

Atara

Biotherapeutics

,

Inc.

m

27,561

36

Atrion

Corporation

23,453

210

AVROBIO,

Inc.

m

3,005

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

225

Shares

Common

Stock

(11.8%)

Value

Health

Care

(1.7%)

-

continued

2,323

Axonics

Modulation

Technologies,

Inc.

m

$

120,099

602

Becton,

Dickinson

and

Company

157,598

157

Biogen,

Inc.

m

44,370

4,382

Biohaven

Pharmaceutical

Holding

Company,

Ltd.

m

373,434

46

BioLife

Solutions,

Inc.

m

1,744

87

Bio-Rad

Laboratories,

Inc.

m

49,918

2,099

Bio-

Techne

Corporation

681,986

358

BioXcel

Therapeutics,

Inc.

m

16,583

467

Bluebird

Bio,

Inc.

m

20,805

293

Bruker

Corporation

16,962

345

Capricor

Therapeutics,

Inc.

m

2,270

5,505

Catalent

,

Inc.

m

633,350

655

Centene

Corporation

m

39,496

719

Cerner

Corporation

57,599

857

Charles

River

Laboratories

International,

Inc.

m

222,006

266

Chemed

Corporation

137,761

356

Cigna

Holding

Company

77,270

1,447

CryoLife

,

Inc.

m

34,627

632

CVS

Health

Corporation

45,283

563

CymaBay

Therapeutics,

Inc.

m

3,012

1,396

CytomX

Therapeutics,

Inc.

m

9,646

760

Danaher

Corporation

180,758

196

Deciphera

Pharmaceuticals,

Inc.

m

8,663

1,391

Dexcom

,

Inc.

m

521,416

826

Dynavax

Technologies

Corporation

m

5,212

598

Editas

Medicine,

Inc.

m

36,687

1,226

Edwards

Lifesciences

Corporation

m

101,243

951

Envista

Holdings

Corporation

m

33,799

20

Fate

Therapeutics,

Inc.

m

1,813

132

Fulcrum

Therapeutics,

Inc.

m

1,460

901

GlaxoSmithKline

plc

ADR

33,562

1,671

Global

Blood

Therapeutics,

Inc.

m

83,751

3,721

GoodRx

Holdings,

Inc.

j,m

173,473

4,781

Guardant

Health,

Inc.

m

743,445

468

Haemonetics

Corporation

m

53,488

8,428

Halozyme

Therapeutics,

Inc.

m

401,089

340

HCA

Healthcare,

Inc.

55,243

596

HealthEquity

,

Inc.

m

49,796

1,345

Hill-Rom

Holdings,

Inc.

129,174

130

Humana,

Inc.

49,804

9

ICU

Medical,

Inc.

m

1,840

1,005

ImmunoGen

,

Inc.

m

7,166

696

Immunovant

,

Inc.

m

27,165

2,201

Inovio

Pharmaceuticals,

Inc.

j,m

28,063

530

Insmed

,

Inc.

m

19,923

976

Inspire

Medical

Systems,

Inc.

m

196,674

1,755

Insulet

Corporation

m

468,901

340

Integra

LifeSciences

Holdings

Corporation

m

22,454

406

Intuitive

Surgical,

Inc.

m

303,542

1,240

Invitae

Corporation

m

61,405

1,147

Ionis

Pharmaceuticals,

Inc.

m

68,900

730

Iovance

Biotherapeutics

,

Inc.

m

32,003

1,496

IQVIA

Holding,

Inc.

m

265,989

516

Jazz

Pharmaceuticals,

Inc.

m

80,238

5,107

Johnson

&

Johnson

833,105

1,251

Kura

Oncology,

Inc.

m

37,467

310

Laboratory

Corporation

of

America

Holdings

m

70,962

4,818

LHC

Group,

Inc.

m

959,842

777

MacroGenics

,

Inc.

m

15,882

Shares

Common

Stock

(11.8%)

Value

Health

Care

(1.7%)

-

continued

4,465

Medtronic

plc

$

497,088

1,535

Merck

&

Company,

Inc.

118,302

480

Mersana

Therapeutics,

Inc.

m

9,149

201

Mesa

Laboratories,

Inc.

55,705

210

Mettler

-Toledo

International,

Inc.

m

245,301

76

Mirati

Therapeutics,

Inc.

m

15,605

1,099

Molina

Healthcare,

Inc.

m

234,757

606

Myovant

Sciences,

Ltd.

m

14,114

2,440

Natera

,

Inc.

m

260,202

1,467

National

Healthcare

Corporation

93,961

408

Neogen

Corporation

m

32,995

2,614

Nevro

Corporation

m

422,919

523

Novo

Nordisk

AS

ADR

36,401

895

NuVasive

,

Inc.

m

48,097

423

Omnicell

,

Inc.

m

49,829

4,428

Optinose

,

Inc.

m

17,623

361

Orthifix

Medical,

Inc.

m

14,588

703

Owens

&

Minor,

Inc.

20,443

634

PerkinElmer,

Inc.

93,242

3,216

PRA

Health

Sciences,

Inc.

m

396,340

433

Precigen

,

Inc.

m

3,680

1,235

Pulmonx

Corporation

m

70,049

169

Quidel

Corporation

m

42,414

897

Reata

Pharmaceuticals,

Inc.

m

92,920

994

Repligen

Corporation

m

198,800

832

Replimune

Group,

Inc.

m

32,282

422

Revolution

Medicines,

Inc.

m

17,783

223

Sage

Therapeutics,

Inc.

m

17,985

843

Sarepta

Therapeutics,

Inc.

m

75,364

2,805

Sesen

Bio,

Inc.

m

4,797

2,872

Silk

Road

Medical,

Inc.

m

156,610

1,632

Spectrum

Pharmaceuticals,

Inc.

m

5,859

1,637

Stryker

Corporation

361,793

129

Surmodics

,

Inc.

m

5,870

5,273

Syneos

Health,

Inc.

m

392,048

6,988

Tactile

Systems

Technology,

Inc.

m

381,195

217

Teladoc

Health,

Inc.

j,m

57,251

1,382

Teleflex,

Inc.

521,885

744

Tenet

Healthcare

Corporation

m

35,169

1,312

Thermo

Fisher

Scientific,

Inc.

668,726

1,449

Travere

Therapeutics,

Inc.

m

36,587

243

U.S.

Physical

Therapy,

Inc.

29,243

14

Ultragenyx

Pharmaceutical,

Inc.

m

1,940

233

United

Therapeutics

Corporation

m

38,170

1,514

UnitedHealth

Group,

Inc.

505,040

67

Universal

Health

Services,

Inc.

8,354

1,038

Vaxart

,

Inc.

j,m

12,435

18,600

VBI

Vaccines,

Inc.

j,m

60,636

1,443

Veeva

Systems,

Inc.

m

398,903

245

Vertex

Pharmaceuticals,

Inc.

m

56,125

627

ViewRay

,

Inc.

m

2,784

231

Viking

Therapeutics,

Inc.

m

1,689

165

Waters

Corporation

m

43,671

635

West

Pharmaceutical

Services,

Inc.

190,176

139

Zimmer

Biomet

Holdings,

Inc.

21,360

3,866

Zoetis,

Inc.

596,331

3,441

Zymeworks

,

Inc.

m

116,375

Total

19,562,389

Industrials

(1.8%)

2,899

A.O.

Smith

Corporation

157,416

132

Acuity

Brands,

Inc.

15,872

765

Advanced

Drainage

Systems,

Inc.

63,097

1,466

AECOM

m

73,447

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

226

Shares

Common

Stock

(11.8%)

Value

Industrials

(1.8%)

-

continued

771

Aegion

Corporation

m

$

14,163

1,656

Allegion

plc

177,209

9,482

Altra

Industrial

Motion

Corporation

487,470

6,235

American

Airlines

Group,

Inc.

j

107,055

4,936

AMETEK,

Inc.

559,051

21,837

Arconic

,

Inc.

536,753

341

Armstrong

World

Industries,

Inc.

26,670

7,684

ASGN,

Inc.

m

637,080

3,585

AZZ,

Inc.

170,610

104

Boeing

Company

20,196

661

Carlisle

Companies,

Inc.

95,799

310

Caterpillar,

Inc.

56,680

4,565

CBIZ,

Inc.

m

118,279

3,960

Chart

Industries,

Inc.

m

475,636

614

Cintas

Corporation

195,326

28

Copart

,

Inc.

m

3,073

657

CRA

International,

Inc.

34,959

3,540

Crane

Company

267,907

2,190

CSW

Industrials,

Inc.

255,179

432

CSX

Corporation

37,046

673

Cummins,

Inc.

157,765

6,198

Curtiss-Wright

Corporation

643,290

1,485

Delta

Air

Lines,

Inc.

56,371

512

Douglas

Dynamics,

Inc.

20,890

451

Dycom

Industries,

Inc.

m

36,594

1,746

Eaton

Corporation

plc

205,504

1,895

EMCOR

Group,

Inc.

167,328

2,569

Emerson

Electric

Company

203,850

1,565

Encore

Wire

Corporation

90,379

373

Expeditors

International

of

Washington,

Inc.

33,391

1,334

Fluor

Corporation

23,065

2,999

Forrester

Research,

Inc.

m

118,940

4,743

Forward

Air

Corporation

340,026

1,271

Generac

Holdings,

Inc.

m

313,200

2,302

General

Dynamics

Corporation

337,657

1,430

Gorman-Rupp

Company

45,045

440

Heico

Corporation

51,806

4,095

Helios

Technologies,

Inc.

223,382

2,519

Honeywell

International,

Inc.

492,137

2,259

Hubbell,

Inc.

351,500

406

ICF

International,

Inc.

31,315

3,502

IDEX

Corporation

652,037

158

Illinois

Tool

Works,

Inc.

30,685

138

Insperity

,

Inc.

10,832

67

JB

Hunt

Transport

Services,

Inc.

9,022

1,718

JetBlue

Airways

Corporation

m

24,636

1,766

Johnson

Controls

International

plc

87,982

240

Kansas

City

Southern

48,641

149

Kimball

International,

Inc.

1,801

298

L3Harris

Technologies,

Inc.

51,110

2,323

Landstar

System,

Inc.

323,826

863

Lennox

International,

Inc.

237,748

6,883

Lincoln

Electric

Holdings,

Inc.

788,104

1,249

Linde

Public

Limited

Company

306,505

313

Lockheed

Martin

Corporation

100,730

4,959

Manpower,

Inc.

438,574

335

Masonite

International

Corporation

m

33,333

4,853

Mercury

Systems,

Inc.

m

344,854

17,798

Meritor,

Inc.

m

459,366

5,360

Middleby

Corporation

j,m

727,459

1,409

MSC

Industrial

Direct

Company,

Inc.

109,296

Shares

Common

Stock

(11.8%)

Value

Industrials

(1.8%)

-

continued

2,456

NAPCO

Security

Technologies,

Inc.

m

$

63,660

257

Nordson

Corporation

46,000

188

Norfolk

Southern

Corporation

44,485

880

Northrop

Grumman

Corporation

252,217

1,155

Nutrien

,

Ltd.

56,791

1,594

Old

Dominion

Freight

Line,

Inc.

309,236

380

Otis

Worldwide

Corporation

24,567

604

Parker-Hannifin

Corporation

159,824

1,186

Quad/Graphics,

Inc.

5,550

1,452

Ranpak

Holdings

Corporation

m

25,178

9,402

Raven

Industries,

Inc.

303,403

704

Raytheon

Technologies

Corporation

46,978

608

RBC

Bearings,

Inc.

m

101,737

6,804

Regal-Beloit

Corporation

853,766

5,629

Ritchie

Brothers

Auctioneers,

Inc.

331,604

604

Rockwell

Automation,

Inc.

150,112

3,064

Rush

Enterprises,

Inc.

128,657

555

Ryder

System,

Inc.

34,737

1,177

Saia,

Inc.

m

208,035

714

Simpson

Manufacturing

Company,

Inc.

65,688

352

Snap-On,

Inc.

63,356

1,890

Southwest

Airlines

Company

83,047

534

Spirit

Airlines,

Inc.

m

13,852

218

SPX

FLOW,

Inc.

m

11,547

3,606

Standex

International

Corporation

295,367

6,982

Summit

Materials,

Inc.

m

143,340

106

Sunrun

,

Inc.

m

7,343

312

Teledyne

Technologies,

Inc.

m

111,387

628

Tetra

Tech,

Inc.

76,346

527

Thermon

Group

Holdings,

Inc.

m

7,689

1,018

Timken

Company

77,022

17

Toro

Company

1,602

4,698

TransUnion

408,914

3,867

Trex

Company,

Inc.

m

354,875

3,890

TriMas

Corporation

m

123,119

345

UniFirst

Corporation

73,416

1,495

Union

Pacific

Corporation

295,218

578

United

Airlines

Holdings,

Inc.

m

23,114

396

United

Parcel

Service,

Inc.

61,380

3,562

United

Rentals,

Inc.

m

865,602

2,071

Valmont

Industries,

Inc.

399,537

787

Verisk

Analytics,

Inc.

144,415

525

Waste

Connections,

Inc.

51,718

839

Watsco

,

Inc.

200,093

124

Watts

Water

Technologies,

Inc.

14,889

2,547

WESCO

International,

Inc.

m

193,852

1,931

Willdan

Group,

Inc.

m

86,296

1,130

XPO

Logistics,

Inc.

m

124,763

526

Xylem,

Inc.

50,806

Total

20,892,079

Information

Technology

(2.6%)

2,098

Accenture

plc

507,548

965

Adobe,

Inc.

m

442,713

268

ADTRAN,

Inc.

4,610

2,589

Advanced

Energy

Industries,

Inc.

m

265,580

7,216

Agilysys

,

Inc.

m

265,477

632

Akamai

Technologies,

Inc.

m

70,171

2,574

Alliance

Data

Systems

Corporation

174,131

5,073

Amphenol

Corporation

633,516

285

Analog

Devices,

Inc.

41,989

7,473

Anaplan,

Inc.

m

498,449

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

227

Shares

Common

Stock

(11.8%)

Value

Information

Technology

(2.6%)

-

continued

779

ANSYS,

Inc.

m

$

276,054

20,827

Apple,

Inc.

2,748,331

667

Aspen

Technology,

Inc.

m

89,311

1,292

Atlassian

Corporation

plc

m

298,620

1,394

Avalara,

Inc.

m

209,100

51

Avnet,

Inc.

1,801

2,704

Axcelis

Technologies,

Inc.

m

92,585

2,668

Bandwidth,

Inc.

m

475,278

2,437

Benchmark

Electronics,

Inc.

61,729

8,974

BigCommerce

Holdings,

Inc.

j,m

717,382

16

Bill.com

Holdings,

Inc.

m

1,950

2,829

Blackline,

Inc.

m

366,695

649

Broadcom,

Ltd.

292,375

1,225

Broadridge

Financial

Solutions,

Inc.

173,105

219

CACI

International,

Inc.

m

52,827

3,561

CDK

Global,

Inc.

177,694

684

CDW

Corporation

90,055

268

Ceridian

HCM

Holding,

Inc.

m

24,900

13,241

Change

Healthcare,

Inc.

m

315,930

4,178

Ciena

Corporation

m

223,063

3,318

Cisco

Systems,

Inc.

147,916

65

Clearfield,

Inc.

m

2,036

1,032

Cognex

Corporation

84,758

3,786

Computer

Services,

Inc.

234,732

484

Concentrix

Corporation

m

51,749

1,385

Coupa

Software,

Inc.

m

429,170

961

Cree,

Inc.

m

97,138

726

CTS

Corporation

22,143

1,628

Descartes

Systems

Group,

Inc.

m

99,406

2,131

DocuSign,

Inc.

m

496,289

7,536

Dolby

Laboratories,

Inc.

663,394

314

Domo,

Inc.

m

19,904

2,003

Dropbox,

Inc.

m

45,328

487

DSP

Group,

Inc.

m

7,855

6,226

Elastic

NV

m

946,103

1,895

Endava

plc

ADR

m

149,819

346

Enphase

Energy,

Inc.

m

63,093

713

EPAM

Systems,

Inc.

m

245,579

1,073

ePlus

,

Inc.

m

90,175

3,211

Euronet

Worldwide,

Inc.

m

401,247

1,946

Eventbrite,

Inc.

j,m

34,736

960

ExlService

Holdings,

Inc.

m

73,613

521

eXp

World

Holdings,

Inc.

m

55,533

780

F5

Networks,

Inc.

m

152,841

737

Fair

Isaac

Corporation

m

331,731

1,047

First

Solar,

Inc.

m

103,810

1,428

Five9,

Inc.

m

237,405

4,881

FLIR

Systems,

Inc.

254,056

2,611

Global

Payments,

Inc.

460,894

213

Guidewire

Software,

Inc.

m

24,440

1,722

Health

Catalyst,

Inc.

j,m

85,549

1,183

II-VI,

Inc.

m

99,455

595

InterDigital

,

Inc.

38,205

832

Intuit,

Inc.

300,543

33

IPG

Photonics

Corporation

m

7,373

1,576

Jack

Henry

&

Associates,

Inc.

228,189

1,000

Juniper

Networks,

Inc.

24,420

393

Kulicke

and

Soffa

Industries,

Inc.

14,018

648

Lam

Research

Corporation

313,600

2,861

Lattice

Semiconductor

Corporation

m

114,755

1,046

Littelfuse

,

Inc.

254,565

5,024

Lumentum

Holdings,

Inc.

m

471,251

600

Manhattan

Associates,

Inc.

m

67,938

Shares

Common

Stock

(11.8%)

Value

Information

Technology

(2.6%)

-

continued

60

ManTech

International

Corporation

$

5,381

2,300

MasterCard,

Inc.

727,467

443

MAXIMUS,

Inc.

33,252

135

MaxLinear

,

Inc.

m

4,238

10,295

Medallia

,

Inc.

m

427,243

10,113

Microsoft

Corporation

2,345,812

208

MicroStrategy

,

Inc.

j,m

128,400

3,229

MKS

Instruments,

Inc.

510,408

2,497

Monolithic

Power

Systems,

Inc.

887,159

739

Motorola

Solutions,

Inc.

123,819

6,028

National

Instruments

Corporation

249,559

62

NetApp,

Inc.

4,119

1,235

Nice,

Ltd.

ADR

j,m

322,681

679

Nova

Measuring

Instruments,

Ltd.

m

47,279

562

Novanta

,

Inc.

m

70,205

8,810

Nuance

Communications,

Inc.

m

401,207

551

NVIDIA

Corporation

286,294

1,042

Okta

,

Inc.

m

269,888

3,731

Oracle

Corporation

225,464

1,351

Palo

Alto

Networks,

Inc.

m

473,863

10

Paylocity

Holding

Corporation

m

1,875

1,357

PayPal

Holdings,

Inc.

m

317,959

2,173

Plexus

Corporation

m

167,147

229

Progress

Software

Corporation

9,201

1,095

Q2

Holdings,

Inc.

m

140,149

1,138

QAD,

Inc.

73,731

1,364

Qorvo

,

Inc.

m

233,080

1,027

QUALCOMM,

Inc.

160,500

869

Rogers

Corporation

m

135,625

1,211

Sabre

Corporation

13,055

2,098

SailPoint

Technologies

Holdings,

Inc.

m

116,040

536

Salesforce.com,

Inc.

m

120,900

50

Samsung

Electronics

Company,

Ltd.

GDR

91,837

1,190

ScanSource

,

Inc.

m

28,786

1,527

Semtech

Corporation

m

108,341

556

ServiceNow

,

Inc.

m

301,997

191

Shift4

Payments,

Inc.

m

12,417

40

Shopify

Inc.

m

43,944

3,676

Sierra

Wireless,

Inc.

j,m

68,043

565

Silicon

Laboratories,

Inc.

m

74,111

194

Solaredge

Technology,

Ltd.

m

55,936

565

Square,

Inc.

m

122,017

9,973

STMicroelectronics

NV

ADR

j

398,421

484

SYNNEX

Corporation

39,504

1,222

Synopsys,

Inc.

m

312,160

616

TE

Connectivity,

Ltd.

74,166

3,796

Texas

Instruments,

Inc.

628,959

357

Tyler

Technologies,

Inc.

m

150,936

653

VeriSign,

Inc.

m

126,728

440

ViaSat

,

Inc.

m

19,158

1,436

Visa,

Inc.

277,507

156

VMware,

Inc.

m

21,505

183

Western

Union

Company

4,075

4,513

Workiva

,

Inc.

m

439,882

246

Zendesk

,

Inc.

m

35,483

444

Zix

Corporation

m

3,619

1,532

Zscaler

,

Inc.

m

305,940

Total

30,418,195

Materials

(0.4%)

446

AdvanSix

,

Inc.

m

9,509

139

Air

Products

and

Chemicals,

Inc.

37,080

1,334

AptarGroup,

Inc.

177,382

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

228

Shares

Common

Stock

(11.8%)

Value

Materials

(0.4%)

-

continued

586

Avery

Dennison

Corporation

$

88,410

1,520

Axalta

Coating

Systems,

Ltd.

m

41,025

67

Balchem

Corporation

7,171

825

Ball

Corporation

72,616

882

Cabot

Corporation

38,729

6,596

Carpenter

Technology

Corporation

206,059

394

Celanese

Corporation

48,127

1,553

CF

Industries

Holdings,

Inc.

64,263

3,501

Chemours

Company

92,216

2,825

Cleveland-Cliffs,

Inc.

43,335

7,228

Coeur

Mining,

Inc.

m

65,413

3,661

Eastman

Chemical

Company

360,059

1,410

Ecolab,

Inc.

288,359

16,153

Element

Solutions,

Inc.

275,086

3,560

Ferroglobe

Representation

&

Warranty

Insurance

Trust

e,m

0

513

FMC

Corporation

55,553

836

Ingevity

Corporation

m

54,917

3,107

Innospec

,

Inc.

272,763

34,217

Ivanhoe

Mines,

Ltd.

m

163,492

2,468

Kaiser

Aluminum

Corporation

213,976

283

LyondellBasell

Industries

NV

24,270

1,519

Martin

Marietta

Materials,

Inc.

436,576

927

Materion

Corporation

63,212

1,230

Minerals

Technologies,

Inc.

75,805

3,116

Myers

Industries,

Inc.

62,476

1,726

Neenah,

Inc.

87,888

1,297

Nucor

Corporation

63,203

1,186

O-I

Glass,

Inc.

14,991

2,160

Olin

Corporation

51,646

385

Olympic

Steel,

Inc.

5,255

38

PPG

Industries,

Inc.

5,119

1,582

Quaker

Chemical

Corporation

414,690

93

Reliance

Steel

&

Aluminum

Company

10,795

428

RPM

International,

Inc.

35,297

1,808

Ryerson

Holding

Corporation

m

22,311

369

Scotts

Miracle-

Gro

Company

81,700

375

Sealed

Air

Corporation

15,851

1,703

Sensient

Technologies

Corporation

120,113

367

Sherwin-Williams

Company

253,891

2,432

Steel

Dynamics,

Inc.

83,345

4,342

UFP

Technologies,

Inc.

m

199,775

2,127

United

States

Lime

&

Minerals,

Inc.

257,367

435

United

States

Steel

Corporation

7,726

4,321

W.

R.

Grace

&

Company

250,704

336

Worthington

Industries,

Inc.

17,586

Total

5,337,132

Real

Estate

(0.8%)

7,860

Agree

Realty

Corporation

496,752

224

Alexandria

Real

Estate

Equities,

Inc.

37,433

7,580

American

Campus

Communities,

Inc.

311,993

248

American

Tower

Corporation

56,385

856

Apartment

Income

REIT

Corporation

m

33,187

1,424

Armada

Hoffler

Properties,

Inc.

15,308

171

AvalonBay

Communities,

Inc.

27,988

95

Bluegreen

Vacations

Holding

Corporations

m

1,243

35

Bluerock

Residential

Growth

REIT,

Inc.

366

3,846

Camden

Property

Trust

392,869

Shares

Common

Stock

(11.8%)

Value

Real

Estate

(0.8%)

-

continued

4,512

CareTrust

REIT,

Inc.

$

101,339

6,728

CBRE

Group,

Inc.

m

410,273

887

Cedar

Realty

Trust,

Inc.

9,464

423

Centerspace

29,585

2,764

Colliers

International

Group,

Inc.

244,227

549

Colony

Credit

Real

Estate,

Inc.

4,337

1,925

Columbia

Property

Trust,

Inc.

26,180

993

Community

Healthcare

Trust,

Inc.

44,407

754

Corepoint

Lodging,

Inc.

5,135

520

CoStar

Group,

Inc.

m

467,849

7,391

Cushman

and

Wakefield

plc

m

105,913

258

Digital

Realty

Trust,

Inc.

37,139

2,021

Douglas

Emmett,

Inc.

56,002

1,143

Duke

Realty

Corporation

45,217

1,515

EastGroup

Properties,

Inc.

204,737

2,074

EPR

Properties

82,213

1,183

Equity

Lifestyle

Properties,

Inc.

71,974

11,724

Essential

Properties

Realty

Trust,

Inc.

244,094

227

Essex

Property

Trust,

Inc.

54,391

998

Farmland

Partners,

Inc.

10,289

510

Federal

Realty

Investment

Trust

44,656

9,592

First

Industrial

Realty

Trust,

Inc.

389,819

803

FirstService

Corporation

109,890

9,523

Four

Corners

Property

Trust,

Inc.

251,026

1,790

Gaming

and

Leisure

Properties,

Inc.

73,623

1,389

Getty

Realty

Corporation

36,906

648

Gladstone

Commercial

Corporation

11,476

978

Gladstone

Land

Corporation

15,394

1,022

Global

Medical

REIT,

Inc.

12,816

4,769

Healthcare

Realty

Trust,

Inc.

143,118

2,350

Healthcare

Trust

of

America,

Inc.

66,387

182

Highwoods

Properties,

Inc.

6,823

4,634

Host

Hotels

&

Resorts,

Inc.

62,791

961

Hudson

Pacific

Properties,

Inc.

22,526

3,728

Independence

Realty

Trust,

Inc.

49,508

3,066

Industrial

Logistics

Properties

Trust

65,030

1,188

Innovative

Industrial

Properties,

Inc.

222,299

760

Iron

Mountain,

Inc.

25,589

725

Jones

Lang

LaSalle,

Inc.

m

106,002

6,085

Kilroy

Realty

Corporation

344,593

300

Lamar

Advertising

Company

24,234

1,548

Lexington

Realty

Trust

15,867

1,365

Life

Storage,

Inc.

111,357

7,711

Medical

Properties

Trust,

Inc.

162,779

245

National

Health

Investors,

Inc.

15,886

4,339

National

Retail

Properties,

Inc.

169,221

14,971

National

Storage

Affiliates

Trust

547,040

7,850

New

Residential

Investment

Corporation

73,711

2,099

New

Senior

Investment

Group,

Inc.

11,125

1,329

NexPoint

Residential

Trust,

Inc.

52,456

1,606

Omega

Healthcare

Investors,

Inc.

58,169

839

One

Liberty

Properties,

Inc.

16,814

440

Plymouth

Industrial

REIT,

Inc.

6,442

93

PotlatchDeltic

Corporation

4,442

1,552

Preferred

Apartment

Communities,

Inc.

11,159

1,251

Public

Storage,

Inc.

284,753

3,179

Rayonier,

Inc.

REIT

97,754

3,279

Realty

Income

Corporation

193,658

765

Redfin

Corporation

m

54,476

8,119

Rexford

Industrial

Realty,

Inc.

397,344

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

229

Shares

Common

Stock

(11.8%)

Value

Real

Estate

(0.8%)

-

continued

129

RMR

Group,

Inc.

$

4,757

5,634

Sabra

Health

Care

REIT,

Inc.

94,595

727

SBA

Communications

Corporation

195,323

19,963

Service

Properties

Trust

211,807

1,185

SL

Green

Realty

Corporation

79,964

2,341

Spirit

Realty

Capital,

Inc.

90,269

2,869

STAG

Industrial,

Inc.

85,496

2,802

Store

Capital

Corporation

86,918

21,424

Sunstone

Hotel

Investors,

Inc.

229,237

1,395

UDR,

Inc.

53,638

926

UMH

Properties,

Inc.

13,612

3,187

Uniti

Group,

Inc.

39,232

53

Universal

Health

Realty

Income

Trust

3,163

511

WP

Carey,

Inc.

33,930

Total

9,219,189

Utilities

(0.2%)

2,042

AES

Corporation

49,804

587

ALLETE,

Inc.

36,887

893

Alliant

Energy

Corporation

43,444

1,137

American

Electric

Power

Company,

Inc.

91,995

272

American

States

Water

Company

21,015

11

American

Water

Works

Company,

Inc.

1,749

1,184

Artesian

Resources

Corporation

48,402

36

Atmos

Energy

Corporation

3,204

1,155

Black

Hills

Corporation

68,284

2,262

CenterPoint

Energy,

Inc.

47,706

113

Chesapeake

Utilities

Corporation

11,462

773

CMS

Energy

Corporation

43,968

990

Consolidated

Water

Company,

Ltd.

12,543

251

Dominion

Energy,

Inc.

18,295

431

DTE

Energy

Company

51,168

663

Duke

Energy

Corporation

62,322

969

Entergy

Corporation

92,375

315

Essential

Utilities,

Inc.

14,585

944

Evergy

,

Inc.

50,721

715

Exelon

Corporation

29,715

1,736

FirstEnergy

Corporation

53,399

825

Hawaiian

Electric

Industries,

Inc.

27,275

541

IDACORP,

Inc.

47,770

711

MDU

Resources

Group,

Inc.

18,692

133

Middlesex

Water

Company

10,587

319

National

Fuel

Gas

Company

12,843

1,024

New

Jersey

Resources

Corporation

35,850

86

NiSource,

Inc.

1,905

295

Northwest

Natural

Holding

Company

13,779

1,746

NorthWestern

Corporation

95,105

1,103

NRG

Energy,

Inc.

45,675

4,652

OGE

Energy

Corporation

141,979

577

Otter

Tail

Corporation

22,901

204

Pinnacle

West

Capital

Corporation

15,351

3,616

Portland

General

Electric

Company

152,921

532

Southwest

Gas

Holdings,

Inc.

31,899

2,851

Spire,

Inc.

174,453

2,651

UGI

Corporation

95,409

501

Unitil

Corporation

20,426

Shares

Common

Stock

(11.8%)

Value

Utilities

(0.2%)

-

continued

1,123

WEC

Energy

Group,

Inc.

$

99,835

Total

1,917,698

Total

Common

Stock

(cost

$100,528,884)

137,660,404

Shares

Collateral

Held

for

Securities

Loaned

(

0.5%

)

Value

5,523,494

Thrivent

Cash

Management

Trust

5,523,494

Total

Collateral

Held

for

Securities

Loaned

(cost

$5,523,494)

5,523,494

Shares

or

Principal

Amount

Short-Term

Investments

(

16.2%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

600,000

0.070%,

2/9/2021

n,o

599,995

500,000

0.078%,

3/5/2021

n,o

499,978

700,000

0.077%,

3/10/2021

n,o

699,964

200,000

0.060%,

3/16/2021

n,o

199,988

1,200,000

0.080%,

3/17/2021

n,o

1,199,927

1,100,000

0.054%,

3/23/2021

n,o

1,099,923

1,600,000

0.050%,

3/30/2021

n,o

1,599,873

1,900,000

0.084%,

4/7/2021

n,o

1,899,760

1,200,000

0.085%,

4/8/2021

n,o

1,199,846

700,000

0.040%,

5/4/2021

n,o

699,875

Thrivent

Core

Short-Term

Reserve

Fund

18,040,311

0.200%

180,403,104

Total

Short-Term

Investments

(cost

$190,082,459)

190,102,233

Contracts

Options

Purchased

(

<0.1%

)

Value

Put

on

10-Yr.

U.S.

Treasury

Bond

Futures

50

$136.50,

expires

2/19/2021

11,719

Put

on

30-Yr.

U.S.

Treasury

Bond

Futures

49

$168.00,

expires

2/19/2021

49,766

Total

Options

Purchased

(cost

$60,461)

61,485

Total

Investments

(cost

$1,126,980,123)

110.4%

$1,289,982,116

Other

Assets

and

Liabilities,

Net

(10.4%)

(121,458,468)

Total

Net

Assets

100.0%

$1,168,523,648

a

The

stated

interest

rate

represents

the

weighted

average

of

all

contracts

within

the

bank

loan

facility.

b

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

January

29,

2021.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

c

All

or

a

portion

of

the

loan

is

unfunded.

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

230

d

Denotes

investments

purchased

on

a

when-issued

or

delayed

delivery

basis.

e

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

f

Denotes

payment-in-kind

security.  The

security

may

pay

an

interest

or

dividend

payment

with

additional

fixed

income

or

equity

securities

in

lieu

of,

or

in

addition

to

a

cash

payment.  The

cash

rate

and/or

payment-in-kind

rate

shown

are

as

of

January

29,

2021.

g

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

January

29,

2021,

the

value

of

these

investments

was

$66,251,452

or

5.7%

of

total

net

assets.

h

Denotes

step

coupon

securities.

Step

coupon

securities

pay

an

initial

coupon

rate

for

the

first

period

and

then

different

coupon

rates

for

following

periods.

The

rate

shown

is

as

of

January

29,

2021.

i

Denotes

interest

only

security.  Interest

only

securities

represent

the

right

to

receive

monthly

interest

payments

on

an

underlying

pool

of

mortgages

or

assets.  The

principal

shown

is

the

outstanding

par

amount

of

the

pool

as

of

the

end

of

the

period.

The

actual

effective

yield

of

the

security

is

different

than

the

stated

coupon

rate.

j

All

or

a

portion

of

the

security

is

on

loan.

k

Denotes

perpetual

securities.

Perpetual

securities

pay

an

indefinite

stream

of

income

and

have

no

contractual

maturity

date.

Date

shown,

if

applicable,

is

next

call

date.

l

All

or

a

portion

of

the

security

was

earmarked

to

cover

written

options.

m

Non-income

producing

security.

n

The

interest

rate

shown

reflects

the

yield,

coupon

rate

or

the

discount

rate

at

the

date

of

purchase.

o

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Moderately

Conservative

Allocation

Fund

as

of

January

29,

2021:

Securities

Lending

Transactions

Long-Term

Fixed

Income

$

507,332

Common

Stock

4,843,311

Total

lending

$5,350,643

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$5,523,494

Net

amounts

due

to

counterparty

$172,851

Definitions:

ACES

-

Alternative

Credit

Enhancement

Securities

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

CLO

-

Collateralized

Loan

Obligation

ETF

-

Exchange

Traded

Fund

FNMA

-

Federal

National

Mortgage

Association

GDR

-

Global

Depository

Receipts,

which

are

certificates

for

shares

of

an

underlying

foreign

security’s

shares

held

by

an

issuing

depository

bank

from

more

than

one

country.

PIK

-

Payment-In-Kind

REMIC

-

Real

Estate

Mortgage

Investment

Conduit

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

Ser.

-

Series

SPDR

-

S&P

Depository

Receipts,

which

are

exchange-traded

funds

traded

in

the

U.S.,

Europe,

and

Asia-Pacific

and

managed

by

State

Street

Global

Advisors.

Reference

Rate

Index:

LIBOR

1W

-

ICE

Libor

USD

Rate

1

Week

LIBOR

1M

-

ICE

Libor

USD

Rate

1

Month

LIBOR

2M

-

ICE

Libor

USD

Rate

2

Month

LIBOR

3M

-

ICE

Libor

USD

Rate

3

Month

PRIME

-

Federal

Reserve

Prime

Loan

Rate

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

231

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

January

29,

2021,

in

valuing

Moderately

Conservative

Allocation

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Bank

Loans

Basic

Materials

1,382,308

–

1,382,308

–

Capital

Goods

2,237,681

–

2,061,369

176,312

Communications

Services

5,973,121

–

5,973,121

–

Consumer

Cyclical

3,851,549

–

3,851,549

–

Consumer

Non-Cyclical

4,767,719

–

4,732,019

35,700

Energy

1,095,771

–

1,095,771

–

Financials

2,736,043

–

2,736,043

–

Technology

1,885,400

–

1,885,400

–

Transportation

764,762

–

764,762

–

Utilities

1,317,423

–

832,725

484,698

Long-Term

Fixed

Income

Asset-Backed

Securities

22,098,605

–

22,098,605

–

Basic

Materials

5,111,685

–

5,111,685

–

Capital

Goods

8,169,673

–

8,169,673

–

Collateralized

Mortgage

Obligations

17,337,039

–

17,337,039

–

Commercial

Mortgage-Backed

Securities

3,127,256

–

3,127,256

–

Communications

Services

15,876,139

–

15,876,139

–

Consumer

Cyclical

14,289,482

–

14,289,482

–

Consumer

Non-Cyclical

20,566,829

–

20,566,829

–

Energy

12,821,427

–

12,821,427

–

Financials

35,304,128

–

35,304,128

–

Mortgage-Backed

Securities

140,971,075

–

140,971,075

–

Technology

10,162,964

–

10,162,964

–

Transportation

2,271,173

–

2,271,173

–

U.S.

Government

&

Agencies

149,961,524

–

149,961,524

–

Utilities

10,288,407

–

10,288,407

–

Registered

Investment

Companies

Unaffiliated

18,951,988

18,951,988

–

–

Affiliated

352,894,945

352,894,945

–

–

Common

Stock

Communications

Services

5,843,293

5,839,355

3,938

–

Consumer

Discretionary

17,637,212

17,637,212

–

–

Consumer

Staples

4,275,691

4,275,691

–

–

Energy

2,856,996

2,856,996

–

–

Financials

19,700,530

19,554,930

145,435

165

Health

Care

19,562,389

19,562,389

–

–

Industrials

20,892,079

20,892,079

–

–

Information

Technology

30,418,195

30,326,358

91,837

–

Materials^

5,337,132

5,173,640

163,492

0

Real

Estate

9,219,189

9,219,189

–

–

Utilities

1,917,698

1,917,698

–

–

Short-Term

Investments

9,699,129

–

9,699,129

–

Options

Purchased

61,485

61,485

–

–

Subtotal

Investments

in

Securities

$1,013,637,134

$509,163,955

$503,776,304

$696,875

Other

Investments  *

Total

Affiliated

Short-Term

Investments

180,403,104

Affiliated

Registered

Investment

Companies

90,418,384

Collateral

Held

for

Securities

Loaned

5,523,494

Subtotal

Other

Investments

$276,344,982

Total

Investments

at

Value

$1,289,982,116

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

this

table

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

^

Level

3

security

in

this

section

is

fair

valued

at

<$1.

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

232

Reference

Description:

CBOT

-

Chicago

Board

of

Trade

CME

-

Chicago

Mercantile

Exchange

EAFE

-

Europe,

Australasia

and

Far

East

ICE

-

Intercontinental

Exchange

MSCI

-

Morgan

Stanley

Capital

International

S&P

-

Standard

&

Poor's

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

3,247,183

3,247,183

–

–

Total

Asset

Derivatives

$3,247,183

$3,247,183

$–

$–

Liability

Derivatives

Futures

Contracts

5,592,055

5,592,055

–

–

Call

Options

Written

25,266

–

–

25,266

Total

Liability

Derivatives

$5,617,321

$5,592,055

$–

$25,266

The

following

table

presents

Moderately

Conservative

Allocation

Fund's

futures

contracts

held

as

of

January

29,

2021.

Investments

and/or

cash

totaling

$9,705,136

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Principal

Amount

Value

and

Unrealized

CBOT

2-Yr.

U.S.

Treasury

Note

64

March

2021

$

14,127,197

$

15,303

CBOT

5-Yr.

U.S.

Treasury

Note

103

March

2021

12,965,446

(

321)

CBOT

U.S.

Long

Bond

126

March

2021

21,991,968

(

733,405)

CME

E-mini

Russell

2000

Index

3

March

2021

303,523

6,707

CME

E-mini

S&P

500

Index

194

March

2021

35,480,893

459,546

CME

E-mini

S&P

Mid-Cap

400

Index

2

March

2021

474,376

(

7,236)

ICE

US

mini

MSCI

Emerging

Markets

Index

562

March

2021

35,228,158

2,035,252

Ultra

10-Yr.

U.S.

Treasury

Note

22

March

2021

3,453,727

(

69,508)

Total

Futures

Long

Contracts

$

124,025,288

$

1,706,338

CBOT

10-Yr.

U.S.

Treasury

Note

(77)

March

2021

(

$

10,610,112)

$

58,705

CME

E-mini

Russell

2000

Index

(476)

March

2021

(

45,424,534)

(

3,798,626)

CME

E-mini

S&P

Mid-Cap

400

Index

(98)

March

2021

(

21,924,758)

(

965,102)

CME

Euro

Foreign

Exchange

Currency

(47)

March

2021

(

7,116,155)

(

17,857)

CME

Ultra

Long

Term

U.S.

Treasury

Bond

(55)

March

2021

(

11,743,232)

483,701

Eurex

Euro

STOXX

50

Index

(163)

March

2021

(

6,927,387)

69,372

ICE

mini

MSCI

EAFE

Index

(189)

March

2021

(

20,110,072)

118,597

Total

Futures

Short

Contracts

(

$

123,856,250)

($4,051,210)

Total

Futures

Contracts

$

169,038

($2,344,872)

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

233

Counterparty:

CCM

-

CCM

Futures,

LLC

JPM

-

J.P.

Morgan

MSC

-

Morgan

Stanley

&

Company

The

following

table

presents

Moderately

Conservative

Allocation

Fund's

options

contracts

held

as

of

January

29,

2021.

Option

_

Description

(Underlying

Security

Description)

Counter-

party

Number

of

Contracts

Exercise

Price

Expiration

Date

Notional

Principal

Amount

Value

Unrealized

Appreciation/

(Depreciation)

Put

on

10-Yr.

U.S.

Treasury

Bond

Futures

MSC

50.00

$

136.50

February

2021

8,267,219

$

11,719

(

$

11,844)

Put

on

30-Yr.

U.S.

Treasury

Bond

Futures

CCM

49.00

168.00

February

2021

6,851,562

49,766

12,868

Total

Options

Purchased

Contracts

$61,485

$1,024

FNMA

Conventional

30-Yr.

Pass

Through

Call

Option

(*)

MSC

(2.63)

$

103.25

February

2021

(2,710,722)

(

$

3,861)

$

8,649

(Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through)

FNMA

Conventional

30-Yr.

Pass

Through

Call

Option

(*)

MSC

(5.25)

103.09

March

2021

(5,412,012)

(

18,255)

5,124

(Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through)

FNMA

Conventional

30-Yr.

Pass

Through

Call

Option

(*)

JPM

(2.63)

103.23

February

2021

(2,710,723)

(

3,150)

3,925

(Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through)

Total

Options

Written

Contracts

($25,266)

$17,698

(*)  Security

is

valued

using

significant

unobservable

inputs.

Market

quotations

or

prices

were

not

readily

available

or

were

determined

to

be

unreliable.

Value

was

determined

in

good

faith

pursuant

to

procedures

adopted

by

the

Board.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

Moderately

Conservative

Allocation

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

234

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Moderately

Conservative

Allocation

Fund,

is

as

follows:

Fund

Value

10/31/2020

Gross

Purchases

Gross

Sales

Value

1/29/2021

Shares

Held

at

1/29/2021

%

of

Net

Assets

1/29/2021

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

$37,152

$1,772

$–

$40,358

3,961

3.5%

Core

Emerging

Markets

Equity

7,636

368

–

9,407

770

0.8

Core

International

Equity

8,191

219

–

9,598

992

0.8

Core

Low

Volatility

Equity

28,759

647

–

31,055

2,529

2.7

Global

Stock,

Class

S

1,423

54

–

1,665

61

0.1

High

Yield,

Class

S

23,774

288

–

25,069

5,357

2.1

Income,

Class

S

81,524

2,771

–

84,115

8,445

7.2

International

Allocation,

Class

S

36,220

674

–

42,402

4,004

3.6

Large

Cap

Growth,

Class

S

47,199

3,432

–

53,612

3,099

4.6

Large

Cap

Value,

Class

S

62,091

4,683

–

74,536

3,217

6.4

Limited

Maturity

Bond,

Class

S

41,334

168

–

41,796

3,278

3.6

Mid

Cap

Stock,

Class

S

19,412

745

–

23,341

715

2.0

Small

Cap

Stock,

Class

S

4,899

99

–

6,359

216

0.6

Total

Affiliated

Registered

Investment

Companies

399,614

443,313

38.0

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

166,854

42,279

28,730

180,403

18,040

15.4

Total

Affiliated

Short-Term

Investments

166,854

180,403

15.4

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

9,147

48,700

52,324

5,523

5,523

0.5

Total

Collateral

Held

for

Securities

Loaned

9,147

5,523

0.5

Total

Value

$575,615

$629,239

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2020

-

1/29/2021

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

$–

$1,434

$–

$432

Core

Emerging

Markets

Equity

–

1,403

–

68

Core

International

Equity

–

1,188

–

219

Core

Low

Volatility

Equity

Fund

–

1,649

85

563

Global

Stock,

Class

S

–

188

37

16

High

Yield,

Class

S

–

1,007

–

288

Income,

Class

S

–

(180)

2,187

584

International

Allocation,

Class

S

–

5,508

–

674

Large

Cap

Growth,

Class

S

–

2,981

3,432

–

Large

Cap

Value,

Class

S

–

7,762

3,551

1,132

Limited

Maturity

Bond,

Class

S

–

294

–

168

Mid

Cap

Stock,

Class

S

–

3,184

683

62

Small

Cap

Stock,

Class

S

–

1,361

60

39

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

(19)

19

–

98

Total

Income/Non

Income

Cash

from

Affiliated

Investments

$4,343

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

–

0

3

Total

Affiliated

Income

from

Securities

Loaned,

Net

$3

Total

$(19)

$27,798

$10,035

Municipal

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

235

Principal

Amount

Long-Term

Fixed

Income

(

99.6%

)

Value

Alabama

(0.4%)

Auburn

University,

AL

General

Fee

Rev.

Refg.

$

1,000,000

5.000%,

6/1/2032,

Ser.

A

$

1,173,920

1,250,000

5.000%,

6/1/2033,

Ser.

A

1,463,500

Selma,

AL

Industrial

Development

Board

Rev.

Refg.

(International

Paper

Company)

1,500,000

1.375%,

5/1/2034,

Ser.

A

a

1,558,680

UAB

Medicine

Finance

Auth.

Rev.

2,000,000

5.000%,

9/1/2041,

Ser.

B2

2,389,720

Total

6,585,820

Alaska

(<0.1%)

Valdez,

AK

Marine

Terminal

Rev.

Refg.

(Exxon

Mobil)

200,000

0.010%,

12/1/2029

a

200,000

Total

200,000

Arizona

(1.7%)

Arizona

Board

of

Regents

State

University

System

Rev.

1,000,000

5.000%,

7/1/2042,

Ser.

B

1,196,430

Arizona

Board

of

Regents

State

University

System

Rev.

Refg.

750,000

5.000%,

7/1/2042,

Ser.

B

915,720

Arizona

Industrial

Development

Auth.

Economic

Development

Rev.

(Legacy

Cares,

Inc.)

3,000,000

7.750%,

7/1/2050,

Ser.

A

b

3,232,230

Arizona

Industrial

Development

Auth.

Education

Rev.

(Doral

Academy

of

Nevada-

Fire

Mesa

and

Red

Rock

Campus)

800,000

5.000%,

7/15/2039,

Ser.

A

b

910,312

Arizona

Industrial

Development

Auth.

Education

Rev.

(Doral

Academy

of

Nevada)

2,165,000

5.000%,

7/15/2050,

Ser.

A

b

2,429,433

Arizona

Transportation

Board

Highway

Rev.

1,500,000

5.000%,

7/1/2036,

Ser.

A

c

1,530,600

Glendale,

AZ

Industrial

Development

Auth.

Rev.

(Midwestern

University)

2,515,000

5.000%,

5/15/2031

2,633,079

Glendale,

AZ

Industrial

Development

Auth.

Senior

Living

Fac.

Rev.

(Royal

Oaks

-

Inspirata

Pointe)

1,500,000

5.000%,

5/15/2056,

Ser.

A

1,684,170

Northern

Arizona

University

Refg.

C.O.P.

1,000,000

5.000%,

9/1/2022

1,069,770

Northern

Arizona

University

Refg.

Rev.

1,180,000

5.000%,

6/1/2036,

Ser.

A

1,396,908

750,000

5.000%,

6/1/2037,

Ser.

A

886,050

320,000

5.000%,

6/1/2038,

Ser.

A

377,395

Phoenix,

AZ

Civic

Improvement

Corporation

Airport

Rev.

2,000,000

5.000%,

7/1/2047,

Ser.

A,

AMT

2,385,200

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Arizona

(1.7%)

-

continued

Phoenix,

AZ

Industrial

Development

Auth.

Healthcare

Fac.

Rev.

(Mayo

Clinic)

$

2,458,000

0.010%,

11/15/2052,

Ser.

A

a

$

2,458,000

Phoenix-Mesa

Gateway

Airport

Auth.

Special

Fac.

Rev.

1,450,000

5.000%,

7/1/2038,

AMT

1,532,316

Student

&

Academic

Services,

LLC

Northern

AZ

Capital

Fac.

Lease

Rev.

(BAM

Insured)

750,000

5.000%,

6/1/2039

d

849,023

Yavapai

County,

AZ

Industrial

Development

Auth.

Hospital

Fac.

Rev.

Refg.

(Yavapai

Regional

Medical

Center)

500,000

5.000%,

8/1/2036

587,515

725,000

5.000%,

8/1/2039

909,360

Total

26,983,511

Arkansas

(0.3%)

University

of

Arkansas

Rev.

Refg.

900,000

5.000%,

11/1/2037,

Ser.

A

1,090,134

1,300,000

5.000%,

11/1/2046,

Ser.

A

1,553,656

University

of

Arkansas

Rev.

Refg.

Various

Fac.

Rev.

(Pine

Bluff

Campus)

650,000

5.000%,

12/1/2029,

Ser.

A

753,649

University

of

Arkansas

Rev.

Various

Fac.

(Fayetteville

Campus)

1,135,000

5.000%,

11/1/2039,

Ser.

A

1,291,176

825,000

5.000%,

11/1/2041,

Ser.

A

935,963

Total

5,624,578

California

(9.5%)

Anaheim

Public

Financing

Auth.

Lease

Rev.

(Anaheim

Public

Improvements)

(AGM

Insured)

3,555,000

6.000%,

9/1/2024,

Ser.

A

d

3,958,350

Beverly

Hills

Unified

School

District,

Los

Angeles

County,

CA

G.O.

(2008

Election)

10,000,000

Zero

Coupon,

8/1/2031

8,747,400

California

County

Tobacco

Securitization

Agency

(Sonoma

County

Securitization

Corporation)

200,000

5.000%,

6/1/2049,

Ser.

B-1

244,308

California

Department

of

Water

Resources

Rev.

Refg.

(Central

Valley)

1,500,000

5.000%,

12/1/2031,

Ser.

AX

1,936,335

1,000,000

5.000%,

12/1/2032,

Ser.

AX

1,285,260

California

Educational

Fac.

Auth.

Rev.

(Stanford

University)

6,000,000

5.250%,

4/1/2040

9,376,260

8,300,000

5.000%,

5/1/2045,

Ser.

U-6

13,090,511

California

Health

Fac.

Financing

Auth.

Rev.

1,750,000

5.000%,

8/15/2055,

Ser.

B

2,065,962

6,225,000

5.000%,

11/15/2056,

Ser.

A

7,542,708

Municipal

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

236

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

California

(9.5%)

-

continued

California

Infrastructure

and

Economic

Development

Bank

Rev.

(Bay

Area

Toll

Bridges

Seismic

Retrofit

Rev.)

(FGIC

Insured)

$

5,000,000

5.000%,

7/1/2025,

Ser.

A

c,d

$

6,044,350

California

Kindergarten

-

University

Public

Education

Fac.

G.O.

475,000

0.010%,

5/1/2034,

Ser.

A4

a

475,000

California

Municipal

Finance

Auth.

Refg.

Rev.

(Biola

University)

2,000,000

5.000%,

10/1/2042

2,170,760

California

Municipal

Finance

Auth.

Refg.

Rev.

(California

Lutheran

University)

275,000

5.000%,

10/1/2025

325,493

300,000

5.000%,

10/1/2026

364,929

California

Municipal

Finance

Auth.

Rev.

(LINXS

APM)

5,135,000

5.000%,

12/31/2043,

Ser.

A,

AMT

6,203,850

California

Various

Purpose

G.O.

10,000

5.250%,

4/1/2029

10,041

7,500,000

5.000%,

4/1/2032

10,696,650

500,000

5.000%,

4/1/2049

638,345

Foothill-De

Anza,

CA

Community

College

District

G.O.

5,000,000

5.000%,

8/1/2040,

Ser.

C

c

5,123,300

Golden

West

Schools

Financing

Auth.

Rev.

(NATL-RE

Insured)

420,000

5.800%,

2/1/2022,

Ser.

A

d

443,419

Los

Angeles,

CA

Department

of

Airports

Rev.

(Los

Angeles

International

Airport)

3,000,000

5.000%,

5/15/2044,

Ser.

F,

AMT

3,748,320

Los

Angeles,

CA

Department

of

Airports

Rev.

Refg.

4,000,000

4.000%,

5/15/2040,

Ser.

B

4,883,920

Los

Angeles,

CA

Department

of

Water

&

Power

Rev.

7,000,000

5.000%,

7/1/2044,

Ser.

D

8,012,340

Pomona,

CA

Single

Family

Mortgage

Rev.

Refg.

(GNMA/

FNMA/FHLMC

Collateralized)

985,000

7.600%,

5/1/2023,

Ser.

A

c,d

1,070,646

San

Bernardino,

CA

Single

Family

Mortgage

Rev.

Refg.

(GNMA

Collateralized)

355,000

7.500%,

5/1/2023,

Ser.

A

c,d

385,800

San

Diego

Unified

School

District

G.O.

10,000,000

6.000%,

7/1/2033,

Ser.

A

c

11,976,100

San

Francisco,

CA

City

&

County

Airport

Commission

Rev.

(San

Francisco

International

Airport)

4,000,000

5.500%,

5/1/2028,

Ser.

A,

AMT

4,459,400

7,825,000

5.000%,

5/1/2044,

Ser.

A,

AMT

8,785,206

5,700,000

5.000%,

5/1/2047,

Ser.

B

6,932,853

San

Jose,

CA

Redevelopment

Agency

Successor

Agency

Tax

Allocation

Refg.

6,000,000

5.000%,

8/1/2035,

Ser.

A

7,420,920

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

California

(9.5%)

-

continued

Santa

Monica

Community

College

District,

Los

Angeles

County,

CA

G.O.

$

5,000,000

Zero

Coupon,

8/1/2025,

Ser.

C

$

4,871,600

University

of

California

Limited

Rev.

Refg.

8,000,000

5.000%,

5/15/2032,

Ser.

I

9,553,600

Total

152,843,936

Colorado

(5.4%)

Colorado

Educational

and

Cultural

Fac.

Auth.

Charter

School

Refg.

Rev.

(Pinnacle

Charter

School,

Inc.

K-8

Fac.)

200,000

5.000%,

6/1/2021

202,610

Colorado

Educational

and

Cultural

Fac.

Auth.

Charter

School

Rev.

(Pinnacle

Charter

School,

Inc.

High

School)

3,000,000

5.125%,

12/1/2039

3,003,210

Colorado

Educational

and

Cultural

Fac.

Auth.

Charter

School

Rev.

Refg.

(Union

Colony

School)

600,000

5.000%,

4/1/2038

725,748

475,000

5.000%,

4/1/2048

563,269

Colorado

Educational

and

Cultural

Fac.

Auth.

Rev.

Refg.

(American

Academy)

2,500,000

5.000%,

12/1/2050

3,125,125

2,500,000

5.000%,

12/1/2055

3,112,250

Colorado

Educational

and

Cultural

Fac.

Auth.

Rev.

Refg.

(Global

Village

Academy

-

Northglenn)

1,155,000

5.000%,

12/1/2050

b

1,233,529

Colorado

Health

Fac.

Auth.

Hospital

Rev.

(Parkview

Medical

Center,

Inc.)

4,000,000

5.000%,

9/1/2046

4,617,760

Colorado

Health

Fac.

Auth.

Hospital

Rev.

Refg.

(Covenant

Living

Communities

and

Services)

1,340,000

4.000%,

12/1/2050,

Ser.

A

1,500,063

Colorado

Health

Fac.

Auth.

Rev.

(Evangelical

Lutheran

Good

Samaritan

Society)

2,110,000

5.000%,

12/1/2024

c

2,245,673

500,000

5.625%,

6/1/2043

c

563,160

Colorado

High

Performance

Transportation

Enterprise

Rev.

6,300,000

5.000%,

12/31/2047

7,121,961

Colorado

School

of

Mines

Institutional

Enterprise

Rev.

1,740,000

5.000%,

12/1/2047,

Ser.

A

2,110,150

Colorado

State

Health

Fac.

Auth.

Hospital

Rev.

(Parkview

Medical

Center)

3,325,000

4.000%,

9/1/2050,

Ser.

A

3,799,976

Colorado

State

Health

Fac.

Auth.

Hospital

Rev.

Refg.

(Commonspirit

Health

Obligated

Group)

10,000,000

4.000%,

8/1/2049,

Ser.

A-2

11,365,300

Municipal

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

237

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Colorado

(5.4%)

-

continued

Colorado

State

Health

Fac.

Auth.

Hospital

Rev.

Refg.

(Valley

View

Hospital

Association)

$

500,000

5.000%,

5/15/2030,

Ser.

A

$

610,520

385,000

5.000%,

5/15/2031,

Ser.

A

468,495

300,000

5.000%,

5/15/2032,

Ser.

A

363,699

Denver,

CO

Health

and

Hospital

Auth.

Healthcare

Rev.

Refg.

1,500,000

5.000%,

12/1/2034,

Ser.

A

b

1,816,560

Eagle

County,

CO

Air

Terminal

Corporation

Rev.

(Airport

Terminal)

1,000,000

5.000%,

5/1/2041,

Ser.

B,

AMT

1,139,020

Larimer

Weld

&

Boulder

County,

CO

G.O.

(Thompson

School

District)

1,500,000

5.000%,

12/15/2034

1,963,035

3,000,000

5.000%,

12/15/2035

3,914,640

Park

Creek,

CO

Metropolitan

District

Rev.

3,000,000

5.000%,

12/1/2041,

Ser.

A

3,455,790

2,250,000

5.000%,

12/1/2046,

Ser.

A

2,578,343

Park

Creek,

CO

Metropolitan

District

Rev.

Refg.

1,220,000

5.000%,

12/1/2022

1,317,807

1,000,000

5.000%,

12/1/2024

1,165,590

Plaza

Metropolitan

District

No.

1

Rev.

Refg.

(City

of

Lakewood)

1,000,000

5.000%,

12/1/2021

b

1,025,570

500,000

5.000%,

12/1/2022

b

526,430

University

of

Colorado

University

Enterprise

Rev.

3,250,000

5.000%,

6/1/2033,

Ser.

A

c

3,764,053

9,790,000

5.000%,

6/1/2033

c

9,949,479

3,000,000

5.000%,

6/1/2034,

Ser.

A

c

3,474,510

Weld

County,

CO

School

District

6

Greeley

G.O.

3,000,000

5.000%,

12/1/2044

3,907,080

Total

86,730,405

Connecticut

(0.3%)

Connecticut

State

Health

&

Educational

Fac.

Auth.

Rev.

(Sacred

Heart

University)

500,000

4.000%,

7/1/2045,

Ser.

K

572,835

Connecticut

State

Health

&

Educational

Fac.

Auth.

Rev.

Refg.

(Sacred

Heart

University)

600,000

5.000%,

7/1/2042,

Ser.

I-1

709,926

Connecticut

State

Health

and

Educational

Fac.

Auth.

Rev.

(McLean

Issue)

1,000,000

5.000%,

1/1/2045,

Ser.

A

b

1,084,960

University

of

Connecticut

Rev.

1,500,000

5.000%,

11/1/2036,

Ser.

A

1,906,800

Total

4,274,521

Delaware

(0.2%)

Delaware

State

Economic

Development

Auth.

Charter

School

Rev.

(Newark

Charter

School,

Inc.)

2,000,000

5.000%,

9/1/2050

2,416,460

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Delaware

(0.2%)

-

continued

Kent

County,

DE

Student

Housing

and

Dining

Fac.

Rev.

(CHF-

Dover,

LLC

-

Delaware

State

University)

$

870,000

5.000%,

7/1/2040,

Ser.

A

$

903,425

500,000

5.000%,

7/1/2048,

Ser.

A

514,695

Total

3,834,580

District

of

Columbia

(1.5%)

District

of

Columbia

Water

&

Sewer

Auth.

Public

Utility

Rev.

13,715,000

5.000%,

10/1/2049,

Ser.

A

17,185,306

Metropolitan

Washington

DC

Airports

Auth.

Airport

System

Rev.

Refg.

6,000,000

5.000%,

10/1/2038,

Ser.

A,

AMT

6,570,480

Total

23,755,786

Florida

(3.7%)

Broward

County,

FL

Fuel

System

Rev.

(Fort

Lauderdale

Fuel

Fac.)

(AGM

Insured)

1,155,000

5.000%,

4/1/2021,

Ser.

A,

AMT

d

1,163,997

605,000

5.000%,

4/1/2022,

Ser.

A,

AMT

d

638,378

700,000

5.000%,

4/1/2025,

Ser.

A,

AMT

d

763,231

Broward

County,

FL

Water

and

Sewer

Utility

Rev.

Refg.

1,000,000

5.000%,

10/1/2030,

Ser.

A

1,207,480

1,500,000

5.000%,

10/1/2031,

Ser.

B

1,810,455

Capital

Trust

Agency

FL

Educational

Fac.

Rev.

(Liza

Jackson

Preparatory

School,

Inc.)

1,600,000

5.000%,

8/1/2055,

Ser.

A

1,881,472

CityPlace

Community

Development

District

Special

Assessment

and

Rev.

2,000,000

5.000%,

5/1/2026

2,297,240

Florida

State

Development

Finance

Corporation

Educational

Fac.

Rev.

(River

City

Science

Academy)

250,000

4.000%,

7/1/2055,

Ser.

A

e

269,600

Florida

State

Higher

Educational

Fac.

Financial

Auth.

Educational

Rev.

(Ringling

College)

5,000,000

5.000%,

3/1/2042

5,681,500

Florida

State

Municipal

Power

Agency

Rev.

1,000,000

5.000%,

10/1/2030,

Ser.

B

1,193,090

840,000

5.000%,

10/1/2031,

Ser.

B

1,001,624

Greater

Orlando,

FL

Aviation

Auth.

Airport

Fac.

Rev.

3,500,000

5.000%,

10/1/2049,

Ser.

A,

AMT

4,384,940

Gulf

Breeze,

FL

Rev.

Refg.

2,020,000

5.000%,

12/1/2033

2,024,424

Municipal

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

238

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Florida

(3.7%)

-

continued

Jacksonville,

FL

Port

Auth.

Rev.

Refg.

$

2,545,000

5.000%,

11/1/2038,

Ser.

A,

AMT

c

$

2,737,453

Lee

Memorial

Health

System

Rev.

Refg.

1,000,000

5.000%,

4/1/2044,

Ser.

A-1

1,234,470

Miami-Dade

County,

FL

Industrial

Development

Auth.

(Pinecrest

Academy,

Inc.)

1,500,000

5.250%,

9/15/2044

1,636,065

Miami-Dade

County,

FL

Public

Fac.

Rev.

(Jackson

Health

System)

5,000,000

5.000%,

6/1/2035,

Ser.

A

5,787,300

Orange

County,

FL

Health

Fac.

Auth.

Hospital

Rev.

(Orlando

Health

Obligated

Group)

1,250,000

5.000%,

10/1/2047,

Ser.

A

1,539,825

Osceola

County,

FL

Transportation

Rev.

Refg.

2,450,000

Zero

Coupon,

10/1/2043,

Ser.

A-2

1,195,772

Palm

Beach

County

Health

Fac.

Auth.

Rev.

(Life

Communities,

Inc.)

2,000,000

5.000%,

11/15/2045,

Ser.

A

2,319,020

Palm

Beach

County

Health

Fac.

Auth.

Rev.

Refg.

(Lifespace

Communities,

Inc.)

3,000,000

5.000%,

5/15/2038,

Ser.

C

3,317,640

South

FL

Water

Management

District

C.O.P.

Refg.

4,000,000

5.000%,

10/1/2036

4,795,560

Tampa,

FL

Hospital

Rev.

(H.

Lee

Moffitt

Cancer

Center)

500,000

5.000%,

7/1/2050,

Ser.

B

627,900

Tampa,

FL

Hospital

Rev.

Refg.

(H.

Lee

Moffitt

Cancer

Center)

5,000,000

5.000%,

7/1/2037,

Ser.

B

5,865,700

Volusia

County,

FL

Educational

Fac.

Auth.

Rev.

Refg.

(Embry-

Riddle

Aeronautical

University,

Inc.)

3,000,000

5.000%,

10/15/2049,

Ser.

A

3,682,890

Total

59,057,026

Georgia

(1.0%)

Atlanta,

GA

Airport

General

Rev.

1,000,000

5.000%,

1/1/2033,

Ser.

C,

AMT

1,035,170

500,000

5.000%,

1/1/2034,

Ser.

C,

AMT

517,350

500,000

5.000%,

1/1/2037,

Ser.

C,

AMT

516,980

Atlanta,

GA

Airport

General

Rev.

Refg.

1,425,000

5.000%,

1/1/2033,

Ser.

B

1,597,511

Atlanta,

GA

Water

&

Wastewater

Rev.

Refg.

2,500,000

5.000%,

11/1/2031

2,971,575

Fulton

County,

GA

Development

Auth.

Rev.

(Georgia

Institute

of

Technology)

1,400,000

5.000%,

6/15/2044

1,752,044

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Georgia

(1.0%)

-

continued

Main

Street

Natural

Gas,

Inc.

Rev.

$

1,750,000

5.000%,

5/15/2028,

Ser.

A

$

2,236,080

1,920,000

5.000%,

5/15/2033,

Ser.

A

2,424,499

1,900,000

5.000%,

5/15/2034,

Ser.

A

2,381,593

Municipal

Electric

Auth.

of

Georgia

Rev.

(Plant

Vogtle

Units

3

&

4)

250,000

5.000%,

1/1/2056,

Ser.

A

302,113

Municipal

Electric

Auth.

of

Georgia

Rev.

Refg.

610,000

5.000%,

1/1/2035,

Ser.

A

703,287

Total

16,438,202

Guam

(<0.1%)

Guam

Port

Auth.

Rev.

250,000

5.000%,

7/1/2048,

Ser.

A

297,873

Total

297,873

Hawaii

(1.5%)

Hawaii

State

Airports

System

Rev.

Refg.

8,000,000

4.000%,

7/1/2039,

Ser.

D

9,592,720

Hawaii

State

Department

of

Budget

and

Finance

Special

Purpose

Senior

Living

Rev.

Refg.

1,000,000

5.125%,

11/15/2032

1,069,130

5,395,000

5.250%,

11/15/2037

5,756,303

Hawaii

State

Department

of

Transportation

Airport

Division

Lease

Rev.

C.O.P.

1,600,000

5.000%,

8/1/2028,

AMT

1,748,336

Hawaii

State

Harbor

System

Rev.

Refg.

200,000

4.000%,

7/1/2036,

Ser.

A,

AMT

240,978

Honolulu,

HI

City

&

County

Wastewater

System

Rev.

350,000

5.000%,

7/1/2036,

Ser.

A

426,822

Honolulu,

HI

City

&

County

Wastewater

System

Rev.

Refg.

4,505,000

5.000%,

7/1/2036,

Ser.

B

5,493,802

Total

24,328,091

Illinois

(6.7%)

Chicago

Metropolitan

Water

Reclamation

District

G.O.

Refg.

8,700,000

5.250%,

12/1/2032,

Ser.

C

12,476,235

Chicago,

IL

G.O.

Refg.

1,220,000

5.000%,

1/1/2023,

Ser.

C

c

1,331,313

2,780,000

5.000%,

1/1/2023,

Ser.

C

2,993,031

1,000,000

5.000%,

1/1/2027,

Ser.

A

1,202,370

Chicago,

IL

Midway

International

Airport

Rev.

1,120,000

5.000%,

1/1/2026,

Ser.

A,

AMT

1,255,934

Chicago,

IL

O'Hare

International

Airport

Rev.

1,000,000

5.000%,

1/1/2047,

Ser.

D,

AMT

1,175,570

1,000,000

5.000%,

1/1/2047,

Ser.

G,

AMT

1,175,570

Chicago,

IL

O'Hare

International

Airport

Rev.

Refg.

1,200,000

5.000%,

1/1/2029

1,402,332

5,000,000

5.000%,

1/1/2048,

Ser.

B

6,183,650

Municipal

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

239

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Illinois

(6.7%)

-

continued

Illinois

Finance

Auth.

Multifamily

Housing

Rev.

(Better

Housing

Foundation

Blue

Station)

$

1,750,000

5.000%,

12/1/2043,

Ser.

A-1

f,g

$

1,102,500

Illinois

Finance

Auth.

Rev.

(DePaul

University)

4,075,000

6.000%,

10/1/2032,

Ser.

A

c

4,114,650

1,000,000

5.000%,

10/1/2041

1,163,620

Illinois

Finance

Auth.

Rev.

(Rush

University

Medical

Center)

1,000,000

5.000%,

11/15/2027,

Ser.

A

1,178,440

Illinois

Finance

Auth.

Rev.

(The

Art

Institute

of

Chicago)

3,510,000

5.000%,

3/1/2034

c

3,693,327

20,000

5.000%,

3/1/2034

c

21,034

Illinois

Finance

Auth.

Rev.

Refg.

(Northwestern

Memorial

Healthcare)

4,000,000

5.000%,

7/15/2042,

Ser.

A

4,903,600

Illinois

Finance

Auth.

Rev.

Refg.

(Rosalind

Franklin

University)

1,750,000

5.000%,

8/1/2042,

Ser.

A

2,026,710

2,100,000

5.000%,

8/1/2047,

Ser.

A

2,417,583

Illinois

Finance

Auth.

Student

Housing

and

Academic

Fac.

Rev.

(University

of

Illinois

at

Chicago)

500,000

5.000%,

2/15/2032,

Ser.

A

551,145

2,885,000

5.000%,

2/15/2037

3,171,192

1,000,000

5.000%,

2/15/2047,

Ser.

A

1,093,670

Illinois

G.O.

7,000,000

5.000%,

11/1/2023,

Ser.

D

7,670,320

7,150,000

5.000%,

6/1/2024

8,066,344

5,000,000

5.000%,

3/1/2027

5,200,100

1,500,000

5.500%,

7/1/2033

1,627,395

1,750,000

5.500%,

7/1/2038

1,890,332

Illinois

G.O.

Refg.

1,500,000

5.000%,

10/1/2021,

Ser.

B

1,543,455

Illinois

State

Toll

Highway

Auth.

Rev.

5,400,000

5.000%,

1/1/2044,

Ser.

A

6,773,436

Illinois

State

Toll

Highway

Auth.

Senior

Rev.

5,000,000

5.000%,

1/1/2031,

Ser.

A

6,473,350

Metropolitan

Pier

and

Exposition

Auth.,

IL

Refg.

(McCormick

Place

Expansion)

(NATL-RE

Insured)

3,100,000

Zero

Coupon,

6/15/2024,

Ser.

A

d

2,975,163

2,000,000

Zero

Coupon,

12/15/2024,

Ser.

A

d

1,902,920

Metropolitan

Pier

and

Exposition

Auth.,

IL

Rev.

(McCormick

Place

Expansion)

(NATL-RE

Insured)

10,100,000

Zero

Coupon,

6/15/2035,

Ser.

A

d

7,023,035

Metropolitan

Pier

and

Exposition

Auth.,

IL

Rev.

Refg.

(McCormick

Place

Expansion)

500,000

5.000%,

6/15/2042,

Ser.

B

612,125

2,000,000

Zero

Coupon,

12/15/2047,

Ser.

B

h

1,616,900

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Illinois

(6.7%)

-

continued

Regional

Transportation

Auth.,

Cook,

DuPage,

Kane,

Lake,

McHenry

and

Will

Counties,

IL

Rev.

(NATL-RE

Insured)

$

395,000

6.700%,

11/1/2021,

Ser.

A

d

$

414,284

Total

108,422,635

Indiana

(1.1%)

Indiana

Municipal

Power

Agency

Power

Supply

System

Rev.

1,750,000

5.250%,

1/1/2034,

Ser.

A

c

1,963,150

4,155,000

5.000%,

1/1/2042,

Ser.

A

c

4,237,975

Knox

County,

IN

Economic

Development

Rev.

Refg.

(Good

Samaritan

Hospital)

1,955,000

5.000%,

4/1/2037,

Ser.

A

2,009,408

2,465,000

5.000%,

4/1/2042,

Ser.

A

2,524,653

Purdue

University,

IN

Rev.

Refg.

1,500,000

5.000%,

7/1/2028,

Ser.

A

1,770,795

Saint

Joseph

County,

IN

Economic

Development

Rev.

(Saint

Mary's

College)

3,705,000

5.000%,

4/1/2043,

Ser.

2019

4,520,841

Total

17,026,822

Iowa

(1.9%)

Ames,

IA

Rev.

Refg.

(Mary

Greeley

Medical

Center)

4,430,000

5.000%,

6/15/2032

5,262,353

Des

Moines,

IA

Airport

Auth.

Rev.

Refg.

1,205,000

5.000%,

6/1/2024,

AMT

1,269,094

Iowa

Finance

Auth.

Rev.

(Lifespace

Communities,

Inc.)

6,350,000

5.000%,

5/15/2043,

Ser.

A

7,201,281

Iowa

Finance

Auth.

Rev.

Refg.

8,100,000

5.000%,

8/1/2036

10,170,441

3,000,000

5.000%,

8/1/2042

3,742,230

Iowa

Higher

Education

Loan

Auth.

Fac.

Rev.

(Des

Moines

University)

2,500,000

4.000%,

10/1/2050

2,806,575

Total

30,451,974

Kansas

(0.9%)

Kansas

Development

Finance

Auth.

Rev.

3,575,000

5.000%,

5/15/2030,

Ser.

S

3,583,937

Kansas

Turnpike

Auth.

Rev.

Refg.

1,000,000

5.000%,

9/1/2037,

Ser.

A

1,309,890

750,000

5.000%,

9/1/2038,

Ser.

A

979,133

Lenexa,

KS

Health

Care

Fac.

Rev.

Refg.

(Lakeview

Village,

Inc.)

2,750,000

5.000%,

5/15/2039,

Ser.

A

3,000,030

University

of

Kansas

Hospital

Auth.

Refg.

Rev.

4,635,000

5.000%,

3/1/2047,

Ser.

A

5,561,351

Total

14,434,341

Kentucky

(1.0%)

Kentucky

State

Turnpike

Auth.

Economic

Development

Road

Rev.

5,000,000

5.000%,

7/1/2028,

Ser.

A

c

5,341,650

Municipal

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

240

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Kentucky

(1.0%)

-

continued

Louisville,

KY

Regional

Airport

Auth.

Rev.

(BT-OH,

LLC)

$

6,100,000

0.060%,

11/1/2036,

Ser.

A,

AMT

a

$

6,100,000

Paducah,

KY

Electric

Plant

Board

Rev.

(AGM

Insured)

750,000

5.000%,

10/1/2035,

Ser.

A

d

890,325

Pikeville,

KY

Hospital

Rev.

(Pikeville

Medical

Center,

Inc.)

3,540,000

6.500%,

3/1/2041

c

3,558,054

Total

15,890,029

Louisiana

(2.1%)

Alexandria,

LA

Utilities

Rev.

5,000,000

5.000%,

5/1/2043,

Ser.

A

c

5,539,050

East

Baton

Rouge,

LA

Industrial

Development

Board

Rev.

(ExxonMobil)

2,030,000

0.010%,

12/1/2040,

Ser.

B

a

2,030,000

Lafayette

Public

Power

Auth.

Electric

Rev.

375,000

5.000%,

11/1/2022

406,103

1,520,000

5.000%,

11/1/2031

1,641,235

Louisiana

Local

Government

Environmental

Fac.

&

Community

Development

Auth.

East

Baton

Rouge

Sewer

Rev.

4,900,000

5.000%,

2/1/2035,

Ser.

A

c

5,375,839

Louisiana

Public

Fac.

Auth.

Rev.

Refg.

(Ochsner

Clinic

Foundation)

4,000,000

4.000%,

5/15/2049,

Ser.

A

4,655,120

Louisiana

State

Public

Fac.

Auth.

Rev.

(University

of

New

Orleans

Research

&

Technology

Foundation,

Inc.

Student

Housing)

(AGM

Insured)

1,355,000

5.000%,

9/1/2030

d

1,526,218

800,000

5.000%,

9/1/2031

d

899,200

New

Orleans,

LA

Aviation

Board

Rev.

2,500,000

5.000%,

1/1/2040,

Ser.

B,

AMT

2,824,100

750,000

5.000%,

1/1/2048,

Ser.

B,

AMT

877,192

New

Orleans,

LA

G.O.

Refg.

750,000

5.000%,

12/1/2026

903,585

850,000

5.000%,

12/1/2027

1,024,428

350,000

5.000%,

12/1/2029

414,992

Port

of

New

Orleans

Board

of

Commissioners

Port

Fac.

Refg.

Rev.

1,365,000

5.000%,

4/1/2030,

Ser.

B,

AMT

c

1,497,965

1,500,000

5.000%,

4/1/2031,

Ser.

B,

AMT

c

1,646,115

525,000

5.000%,

4/1/2033,

Ser.

B,

AMT

c

576,140

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Louisiana

(2.1%)

-

continued

Port

of

New

Orleans

Board

of

Commissioners

Port

Fac.

Refg.

Rev.

(AGM

Insured)

$

1,500,000

5.000%,

4/1/2043,

Ser.

B,

AMT

d

$

1,803,915

Total

33,641,197

Maryland

(0.2%)

Baltimore

County,

MD

Rev.

Refg.

(Oak

Crest

Village,

Inc.

Fac.)

2,000,000

4.000%,

1/1/2050

2,225,720

Maryland

Health

and

Higher

Educational

Fac.

Auth.

Rev.

(Loyola

University)

1,000,000

5.000%,

10/1/2045

1,128,950

Maryland

Health

and

Higher

Educational

Fac.

Auth.

Rev.

Refg.

(Frederick

Health

System)

200,000

4.000%,

7/1/2050

230,190

200,000

4.000%,

7/1/2045

231,336

Total

3,816,196

Massachusetts

(4.7%)

Massachusetts

Bay

Transportation

Auth.

Sales

Tax

Rev.

(NATL-RE

Insured)

5,000,000

5.500%,

7/1/2025,

Ser.

B

d

6,164,750

Massachusetts

Development

Finance

Agency

Rev.

(Dana-

Farber

Cancer

Institute)

6,500,000

5.000%,

12/1/2046,

Ser.

N

7,785,375

Massachusetts

Development

Finance

Agency

Rev.

(Northeastern

University)

750,000

5.000%,

10/1/2031

803,872

Massachusetts

Development

Finance

Agency

Rev.

(Wellesley

College)

3,000,000

5.000%,

7/1/2042,

Ser.

J

3,147,720

Massachusetts

Development

Finance

Agency

Rev.

Refg.

(Southcoast

Health

System

Obligated

Group)

500,000

4.000%,

7/1/2046,

Ser.

G

e

594,915

Massachusetts

G.O.

11,125,000

5.000%,

9/1/2048,

Ser.

E

14,178,701

Massachusetts

Health

&

Educational

Fac.

Auth.

Rev.

(Massachusetts

Institute

of

Technology)

15,295,000

5.250%,

7/1/2033,

Ser.

L

22,624,517

Massachusetts

Health

&

Educational

Fac.

Auth.

Rev.

(Tufts

University)

5,400,000

5.500%,

2/15/2028,

Ser.

M

7,181,892

Massachusetts

Health

and

Educational

Fac.

Auth.

Rev.

(Tufts

University)

200,000

0.010%,

8/15/2040,

Ser.

N-1

a

200,000

Massachusetts

Port

Auth.

Rev.

8,300,000

5.000%,

7/1/2042,

Ser.

A,

AMT

8,768,784

Municipal

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

241

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Massachusetts

(4.7%)

-

continued

University

of

Massachusetts

Building

Auth.

Rev.

Refg.

$

2,750,000

5.000%,

5/1/2038,

Ser.

2019-1

$

3,564,633

Total

75,015,159

Michigan

(2.6%)

Grand

Valley,

MI

State

University

General

Rev.

Refg.

650,000

5.000%,

12/1/2029,

Ser.

B

738,335

Grand

Valley,

MI

State

University

Rev.

1,850,000

5.000%,

12/1/2031,

Ser.

A

2,184,017

Great

Lakes,

MI

Water

Auth.

Water

Supply

System

Rev.

10,000,000

5.000%,

7/1/2046,

Ser.

A

11,908,600

Michigan

State

Finance

Auth.

Rev.

(Beaumont

Health

Credit

Group)

6,000,000

5.000%,

11/1/2044,

Ser.

A

6,958,140

Michigan

Strategic

Fund

Limited

Obligation

Rev.

(I-75

Improvement)

535,000

5.000%,

12/31/2033,

AMT

672,260

Michigan

Strategic

Rev.

7,775,000

5.000%,

12/31/2043,

AMT

9,501,283

5,110,000

5.000%,

6/30/2048,

AMT

6,202,774

Saginaw,

MI

City

School

District

U.T.G.O.

2,500,000

4.000%,

5/1/2050

e

3,002,375

Total

41,167,784

Minnesota

(2.8%)

Deephaven,

MN

Charter

School

Lease

Rev.

(Eagle

Ridge

Academy)

2,360,000

5.000%,

7/1/2043,

Ser.

A

2,610,136

Goodhue

County,

MN

Education

District

No.

6051

C.O.P.

250,000

5.000%,

2/1/2029

c

285,275

500,000

5.000%,

2/1/2034

c

570,550

750,000

5.000%,

2/1/2039

c

855,825

Ham

Lake,

MN

Charter

School

Lease

Rev.

(DaVinci

Academy

of

Arts

and

Science)

340,000

5.000%,

7/1/2036,

Ser.

A

367,465

Minneapolis,

MN

Student

Housing

Rev.

(Riverton

Community

Housing)

500,000

5.000%,

8/1/2053

b

519,205

Minnesota

Higher

Education

Fac.

Auth.

Rev.

(University

of

St.

Thomas)

1,000,000

5.000%,

10/1/2040

1,242,770

Minnesota

Higher

Education

Fac.

Auth.

Rev.

Refg.

(Gustavus

Adolphus

College)

4,250,000

5.000%,

10/1/2047

4,812,487

Minnesota

Higher

Education

Fac.

Auth.

Rev.

Refg.

(St.

Catherine

University)

1,015,000

5.000%,

10/1/2045,

Ser.

A

1,200,390

Minnesota

Municipal

Power

Agency

Electric

Rev.

200,000

5.000%,

10/1/2029

231,658

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Minnesota

(2.8%)

-

continued

$

150,000

5.000%,

10/1/2030

$

173,566

200,000

5.000%,

10/1/2032

230,950

175,000

5.000%,

10/1/2033

202,150

1,500,000

5.000%,

10/1/2047

1,799,055

North

Oaks,

MN

Senior

Housing

Rev.

Refg.

(Waverly

Gardens)

4,000,000

5.000%,

10/1/2047

4,369,160

St.

Cloud,

MN

Health

Care

Rev.

Refg.

(CentraCare

Health

System)

125,000

5.125%,

5/1/2030,

Ser.

A

125,411

1,000,000

5.000%,

5/1/2046,

Ser.

A

1,179,240

St.

Joseph,

MN

Senior

Housing

&

Healthcare

Rev.

(Woodcrest

of

Country

Manor)

1,275,000

5.000%,

7/1/2055,

Ser.

A

1,290,007

St.

Paul,

MN

Housing

&

Redevelopment

Auth.

Health

Care

Fac.

Rev.

Refg.

(HealthPartners

Obligated

Group)

5,945,000

5.000%,

7/1/2032,

Ser.

A

6,965,757

St.

Paul,

MN

Housing

&

Redevelopment

Auth.

Health

Care

Rev.

Refg.

(Fairview

Health

Services)

6,945,000

5.000%,

11/15/2047,

Ser.

A

8,324,763

St.

Paul,

MN

Housing

&

Redevelopment

Auth.

Rev.

Refg.

(Rossy

&

Richard

Shaller

Family

Sholom

East

Campus)

1,000,000

5.000%,

10/1/2043

1,024,470

University

of

Minnesota

Rev.

(State

Supported

Biomedical

Science

Research

Fac.

Funding)

1,655,000

5.000%,

8/1/2030,

Ser.

B

1,694,207

Wayzata,

MN

Senior

Housing

Rev.

Refg.

(Folkestone

Senior

Living

Community)

500,000

5.000%,

8/1/2049

531,805

Western

Minnesota

Municipal

Power

Agency

Rev.

1,000,000

5.000%,

1/1/2033,

Ser.

A

c

1,140,650

1,000,000

5.000%,

1/1/2034,

Ser.

A

c

1,140,650

300,000

5.000%,

1/1/2035,

Ser.

A

c

342,195

1,000,000

5.000%,

1/1/2040,

Ser.

A

c

1,140,650

Winona,

MN

Health

Care

Fac.

Rev.

Refg.

(Winona

Health

Obligated

Group)

500,000

5.000%,

7/1/2034

506,180

Woodbury,

MN

Charter

School

Lease

Rev.

Refg.

(MSA

Building

Company)

250,000

4.000%,

12/1/2050

265,490

Total

45,142,117

Mississippi

(0.4%)

D'Iberville

Tax

Increment

Refg.

(Gulf

Coast

Promenade)

1,750,000

5.000%,

4/1/2033

1,822,135

Mississippi

Business

Finance

Corporation

Gulf

Opportunity

Zone

Rev.

(Chevron

U.S.A.,

Inc.)

300,000

0.010%,

11/1/2035,

Ser.

J

a

300,000

Municipal

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

242

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Mississippi

(0.4%)

-

continued

Mississippi

Development

Bank

G.O.

(Desoto

County

Highway

Construction)

$

3,180,000

5.000%,

1/1/2030

c

$

3,476,567

Warren

County,

MS

Gulf

Opportunity

Zone

Rev.

Refg.

(International

Paper

Company)

1,625,000

1.375%,

5/1/2034,

Ser.

A

a

1,688,570

Total

7,287,272

Missouri

(0.9%)

Kansas

City,

MO

Industrial

Development

Auth.

Rev.

(Kansas

City

International

Airport

Terminal

Modernization)

1,800,000

5.000%,

3/1/2046,

Ser.

B,

AMT

2,187,882

Kansas

City,

MO

Industrial

Development

Auth.

Rev.

(Kansas

City

International

Airport)

(AGM

Insured)

5,000,000

4.000%,

3/1/2050,

Ser.

A,

AMT

d

5,782,350

Lee's

Summit,

MO

Industrial

Development

Auth.

Senior

Living

Fac.

Rev.

Refg.

(John

Knox

Village)

1,200,000

5.000%,

8/15/2042,

Ser.

A

1,304,568

Missouri

State

Health

and

Educational

Fac.

Auth.

Rev.

(Lake

Regional

Health

System)

925,000

5.000%,

2/15/2022

960,594

1,680,000

5.000%,

2/15/2034

1,731,257

St.

Louis,

MO

Airport

Rev.

(AGM

Insured)

1,000,000

5.000%,

7/1/2047,

Ser.

C

d

1,199,980

St.

Louis,

MO

Airport

Rev.

Refg.

(Lambert-St.

Louis

International

Airport)

1,000,000

5.000%,

7/1/2032,

AMT

1,050,390

Total

14,217,021

Montana

(0.4%)

Missoula,

MT

Water

Systems

Rev.

830,000

5.000%,

7/1/2038,

Ser.

A

1,056,449

800,000

5.000%,

7/1/2039,

Ser.

A

1,016,184

Montana

Fac.

Finance

Auth.

Health

Care

Fac.

Rev.

(Montana

Children's

Home

and

Hospital)

4,000,000

4.000%,

7/1/2050,

Ser.

A

4,216,760

Total

6,289,393

Nebraska

(2.0%)

Douglas

County,

NE

Hospital

Auth.

No.

2

Health

Fac.

Rev.

(Children's

Hospital

Obligated

Group)

2,105,000

5.000%,

11/15/2047

2,534,315

Lincoln,

NE

Lincoln

Electric

System

Rev.

Refg.

2,500,000

5.000%,

9/1/2037

c

2,693,000

Nebraska

Public

Power

District

Rev.

1,325,000

5.000%,

1/1/2033,

Ser.

A

1,376,065

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Nebraska

(2.0%)

-

continued

Omaha,

NE

Public

Power

District

Electric

Rev.

$

8,150,000

5.000%,

2/1/2045,

Ser.

A

$

9,282,116

Omaha,

NE

Public

Power

District

Electric

Rev.

Refg.

8,275,000

5.000%,

2/1/2042,

Ser.

A

10,330,344

Omaha,

NE

Sanitary

Sewerage

System

Rev.

1,340,000

5.000%,

11/15/2034

1,547,754

University

of

Nebraska

Lincoln

Student

Fees

and

Fac.

Rev.

1,000,000

5.000%,

7/1/2037

c

1,044,750

University

of

Nebraska

Lincoln

Student

Fees

and

Fac.

Rev.

Refg.

3,050,000

5.000%,

7/1/2038

c

3,260,664

Total

32,069,008

Nevada

(0.3%)

Carson

City,

NV

Hospital

Rev.

Refg.

(Carson

Tahoe

Regional

Medical

Center)

1,500,000

5.000%,

9/1/2042,

Ser.

A

1,750,590

3,250,000

5.000%,

9/1/2047,

Ser.

A

3,764,215

Total

5,514,805

New

Hampshire

(0.6%)

National

Finance

Auth.,

NH

Senior

Living

Rev.

Refg.

(Springpoint

Senior

Living)

1,330,000

4.000%,

1/1/2051

e

1,460,872

New

Hampshire

Health

and

Education

Fac.

Auth.

Rev.

5,000,000

5.000%,

8/1/2059,

Ser.

A

8,086,650

Total

9,547,522

New

Jersey

(1.9%)

Gloucester

County,

NJ

Pollution

Control

Financing

Auth.

Rev.

Refg.

500,000

0.010%,

1/1/2022

a

500,000

New

Jersey

Covid-19

Emergency

Bonds

G.O.

1,250,000

4.000%,

6/1/2032,

Ser.

A

1,583,975

New

Jersey

Economic

Development

Auth.

Rev.

School

Fac.

Construction

4,000,000

5.000%,

6/15/2043,

Ser.

EEE

4,850,440

New

Jersey

Economic

Development

Auth.

Rev.

Self

Designated

Social

Bonds

300,000

4.000%,

6/15/2050,

Ser.

QQQ

343,518

New

Jersey

Transportation

Trust

Fund

Auth.

Rev.

1,500,000

5.000%,

6/15/2026,

Ser.

A

1,525,140

1,000,000

5.250%,

6/15/2033,

Ser.

AA

1,165,990

1,645,000

5.250%,

6/15/2034,

Ser.

AA

1,915,142

New

Jersey

Transportation

Trust

Fund

Auth.

Rev.

Refg.

2,000,000

5.000%,

12/15/2039,

Ser.

A

2,501,000

New

Jersey

Turnpike

Auth.

Rev.

1,000,000

4.000%,

1/1/2051,

Ser.

A

e

1,186,450

Municipal

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

243

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

New

Jersey

(1.9%)

-

continued

Ocean

County,

NJ

Utilities

Auth.

Waste

Water

Rev.

(NATL-RE

Insured)

$

3,180,000

5.250%,

1/1/2025

d

$

3,795,934

Tobacco

Settlement

Financing

Corporation

Rev.

Refg.

8,950,000

5.250%,

6/1/2046,

Ser.

A

11,040,004

Total

30,407,593

New

York

(9.5%)

Buffalo

&

Erie

County,

NY

Industrial

Land

Development

Corporation

Rev.

1,500,000

5.000%,

8/1/2047,

Ser.

A

1,659,105

Hudson,

NY

Yards

Infrastructure

Corporation

Rev.

Refg.

2,000,000

5.000%,

2/15/2042,

Ser.

A

2,394,460

Metropolitan

Transportation

Auth.

NY

Rev.

2,750,000

5.000%,

11/15/2045,

Ser.

A-2

a

3,453,890

Metropolitan

Transportation

Auth.

NY

Rev.

Refg.

2,190,000

5.000%,

11/15/2035

2,733,996

Monroe

County

Industrial

Development

Corporation

Rev.

(True

North

Rochester

Preparatory

Charter

School)

1,000,000

5.000%,

6/1/2050,

Ser.

A

1,175,770

Monroe

County

Industrial

Development

Corporation

Rev.

Refg.

(University

of

Rochester)

1,000,000

5.000%,

7/1/2030,

Ser.

D

1,253,460

1,550,000

5.000%,

7/1/2031,

Ser.

C

1,936,027

800,000

5.000%,

7/1/2031,

Ser.

D

999,240

New

York

City

Municipal

Water

Finance

Auth.

Water

and

Sewer

System

Rev.

8,000,000

5.000%,

6/15/2037,

Ser.

DD-1

10,194,480

450,000

0.010%,

6/15/2044

a

450,000

350,000

0.010%,

6/15/2049,

Ser.

BB-1

a

350,000

12,000,000

5.000%,

6/15/2049,

Ser.

CC-1

15,400,800

New

York

City

Transitional

Finance

Auth.

Future

Tax

Secured

Rev.

1,635,000

0.010%,

8/1/2031,

Ser.

C

a

1,635,000

15,000,000

5.000%,

11/1/2033,

Ser.

D-1

15,528,000

400,000

0.010%,

8/1/2041

a

400,000

19,000,000

5.000%,

2/1/2043,

Ser.

A

23,178,290

880,000

0.010%,

2/1/2045,

Ser.

E-4

a

880,000

800,000

4.000%,

11/1/2045,

Ser.

D

950,360

New

York

State

Dormitory

Auth.

State

Personal

Income

Tax

Rev.

5,000,000

5.000%,

3/15/2039,

Ser.

C

5,663,050

New

York

State

Dormitory

Auth.

State

Personal

Income

Tax

Rev.

Refg.

8,320,000

5.000%,

2/15/2043,

Ser.

B

10,218,790

10,000

5.000%,

2/15/2043,

Ser.

B

c

12,965

New

York

State

Liberty

Development

Corporation

Rev.

10,000,000

5.250%,

12/15/2043

10,384,700

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

New

York

(9.5%)

-

continued

New

York

Transportation

Development

Corporation

Special

Fac.

Rev.

(LaGuardia

Airport

)

$

775,000

5.000%,

1/1/2036,

AMT

$

918,863

New

York,

NY

G.O.

1,920,000

5.000%,

8/1/2032,

Ser.

A

2,213,549

1,140,000

0.010%,

8/1/2034,

Ser.

E

a

1,140,000

790,000

0.010%,

4/1/2035,

Ser.

L

a

790,000

980,000

0.010%,

4/1/2036,

Ser.

L-3

a

980,000

3,350,000

0.010%,

3/1/2042,

Ser.

F

a

3,350,000

Port

Auth.

of

New

York

&

New

Jersey

Rev.

1,125,000

5.000%,

12/1/2024,

Ser.

178,

AMT

1,261,114

2,500,000

5.000%,

9/1/2035

2,890,000

2,500,000

5.000%,

9/1/2036

2,886,150

5,000,000

5.000%,

9/1/2039

5,745,400

Port

Auth.

of

New

York

&

New

Jersey

Rev.

Refg.

5,000,000

5.000%,

9/15/2034,

Ser.

207,

AMT

6,228,500

1,715,000

5.000%,

9/15/2048,

Ser.

207,

AMT

2,076,128

Triborough

NY

Bridge

&

Tunnel

Auth.

Rev.

2,550,000

5.000%,

11/15/2037,

Ser.

2008-B-3

3,033,633

1,000,000

5.250%,

11/15/2045,

Ser.

A

1,171,290

Triborough

NY

Bridge

&

Tunnel

Auth.

Rev.

(MTA

Bridges

and

Tunnels)

5,000,000

5.000%,

11/15/2049,

Ser.

A

6,260,100

Troy,

NY

Capital

Resource

Corporation

Rev.

Refg.

(Rensselaer

Polytecnic

Institute)

750,000

5.000%,

9/1/2039,

Ser.

A

956,805

Total

152,753,915

North

Carolina

(0.7%)

Appalachian

State

University

Rev.

2,510,000

5.000%,

5/1/2044

3,030,499

Charlotte,

NC,

Rev.

(Charlotte

Douglas

International

Airport)

1,500,000

5.000%,

7/1/2042,

Ser.

A

1,833,495

North

Carolina

Capital

Fac.

Finance

Agency

Rev.

Refg.

(Johnson

and

Wales

University)

1,000,000

5.000%,

4/1/2032

1,058,090

1,000,000

5.000%,

4/1/2033

1,056,550

North

Carolina

Eastern

Municipal

Power

Agency

Power

System

Rev.

1,475,000

6.000%,

1/1/2026,

Ser.

A

c

1,553,204

North

Carolina

Medical

Care

Commission

Health

Care

Fac.

Rev.

(Presbyterian

Homes

Obligated

Group)

1,000,000

5.000%,

10/1/2050,

Ser.

A

1,194,420

Municipal

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

244

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

North

Carolina

(0.7%)

-

continued

North

Carolina

Turnpike

Auth.

(Triangle

Expressway

Auth.)

(AGM

Insured)

$

1,750,000

5.000%,

1/1/2049

d

$

2,175,583

Total

11,901,841

North

Dakota

(0.4%)

North

Dakota

Public

Finance

Auth.

Rev.

(State

Revolving

Fund)

1,495,000

5.000%,

10/1/2031,

Ser.

A

1,541,869

University

of

North

Dakota

C.O.P.

(Infrastructure

Energy

Improvement)

3,775,000

5.000%,

4/1/2048,

Ser.

A

4,495,836

Total

6,037,705

Ohio

(5.6%)

Akron

Bath

and

Copley

Joint

Township

Ohio

Hospital

Fac.

Rev.

Refg.

(Summa

Health

Obligated

Group)

1,600,000

4.000%,

11/15/2037

1,881,904

American

Municipal

Power

Ohio,

Inc.

Rev.

(Greenup

Hydroelectric)

1,000,000

5.000%,

2/15/2041,

Ser.

A

1,168,630

AMP

Fremont

Energy

Center

Rev.

3,000,000

5.000%,

2/15/2037,

Ser.

B

3,128,130

Bowling

Green,

OH

State

University

Rev.

Refg.

500,000

4.000%,

6/1/2045,

Ser.

A

587,500

Buckeye,

OH

Tobacco

Settlement

Financing

Auth.

Rev.

Refg.

15,000,000

5.000%,

6/1/2055,

Ser.

B-2

17,478,300

Cuyahoga

County,

OH

Sales

Tax

Rev.

1,000,000

5.000%,

12/1/2035

c

1,183,070

Franklin

County,

OH

Convention

Fac.

Auth.

Rev.

(Greater

Columbus

Convention

Center

Hotel)

1,785,000

5.000%,

12/1/2051

1,879,408

Hamilton

County,

OH

Hospital

Fac.

Rev.

Refg.

(TriHealth,

Inc.

Obligated

Group)

1,500,000

4.000%,

8/15/2050,

Ser.

A

1,763,985

Kent

State

University

General

Receipts

Rev.

2,000,000

5.000%,

5/1/2029

2,412,240

1,500,000

5.000%,

5/1/2037,

Ser.

A

c

1,591,395

Lucas

County,

OH

Health

Care

System

Refg.

Rev.

(Sunset

Retirement

Communities)

1,360,000

5.125%,

8/15/2025

1,388,873

1,750,000

5.500%,

8/15/2030

1,785,910

Miami

University

OH

Rev.

1,600,000

5.000%,

9/1/2036

1,641,584

Montgomery

County,

OH

Hospital

Fac.

Improvement

Rev.

Refg.

(Kettering

Health

Network

Obligated

Group)

800,000

4.000%,

8/1/2051

e

937,680

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Ohio

(5.6%)

-

continued

Ohio

Higher

Educational

Fac.

Commission

Rev.

(Case

Western

Reserve

University)

$

2,745,000

5.000%,

12/1/2028

$

3,152,440

Ohio

Higher

Educational

Fac.

Commission

Rev.

(Dayton

University)

2,565,000

5.000%,

12/1/2035,

Ser.

A

2,998,126

Ohio

Higher

Educational

Fac.

Commission

Rev.

(Kenyon

College)

3,025,000

5.000%,

7/1/2042

3,615,450

Ohio

Higher

Educational

Fac.

Commission

Rev.

Refg.

(University

of

Findlay)

2,400,000

5.000%,

3/1/2034

2,727,360

Ohio

Hospital

Rev.

(Cleveland

Clinic

Health

System

Obligated

Group)

5,000,000

5.000%,

1/1/2034

c

5,221,400

Ohio

Hospital

Rev.

Refg.

(University

Hospitals

Health

System,

Inc.)

4,000,000

5.000%,

1/15/2050,

Ser.

A

5,055,520

Ohio

State

Turnpike

Commission

Rev.

8,945,000

Zero

Coupon,

2/15/2034,

Ser.

A-4

h

11,218,372

Ohio

State

Turnpike

Commission

Rev.

Refg.

(NATL-RE

Insured)

10,000,000

5.500%,

2/15/2026,

Ser.

A

d

12,292,100

Toledo,

OH

Water

System

Rev.

and

Improvements

2,455,000

5.000%,

11/15/2036

2,995,198

Toledo,

OH

Water

System

Rev.

Refg.

and

Improvements

2,500,000

5.000%,

11/15/2038

2,733,500

Total

90,838,075

Oklahoma

(1.5%)

Grand

River,

OK

Dam

Authority

Rev.

7,815,000

5.000%,

6/1/2039,

Ser.

A

8,817,195

Oklahoma

Agricultural

and

Mechanical

Colleges

General

Rev.

3,000,000

5.000%,

8/1/2038,

Ser.

C

c

3,362,520

Oklahoma

State

Water

Resources

Board

Loan

Program

Rev.

2,005,000

5.000%,

10/1/2040,

Ser.

A

2,420,737

Oklahoma

Turnpike

Auth.

Rev.

2,500,000

5.000%,

1/1/2042,

Ser.

A

2,956,250

5,665,000

5.000%,

1/1/2047,

Ser.

C

6,828,648

Total

24,385,350

Oregon

(1.5%)

Clackamas

and

Washington

Counties,

OR

Joint

School

District

No.3

G.O.

(West

Linn-

Wilsonville

Schools)

700,000

Zero

Coupon,

6/15/2040,

Ser.

A

437,787

Clackamas

County,

OR

School

District

3,500,000

5.000%,

6/15/2049,

Ser.

B

4,355,680

Municipal

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

245

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Oregon

(1.5%)

-

continued

Multnomah

&

Clackamas

Counties

School

District

G.O.

$

520,000

Zero

Coupon,

6/15/2035,

Ser.

A

$

374,254

Port

of

Portland,

OR

Airport

Rev.

(Portland

International

Airport)

5,000,000

5.000%,

7/1/2050,

Ser.

27A,

AMT

6,279,000

Port

of

Portland,

OR

Airport

Rev.

Refg.

(Portland

International

Airport)

1,025,000

5.000%,

7/1/2035,

Ser.

23

1,198,368

4,750,000

5.000%,

7/1/2044,

Ser.

25B,

AMT

5,895,083

Salem-Keizer

School

District

No.

24J,

Marion

and

Polk

Counties,

OR

G.O.

5,000,000

Zero

Coupon,

6/15/2028,

Ser.

B

4,638,450

Warm

Springs,

OR

Reservation

Confederated

Tribes

Hydroelectric

Rev.

Refg.

(Pelton-

Round

Butte)

800,000

5.000%,

11/1/2039,

Ser.

B

b

966,688

Total

24,145,310

Pennsylvania

(2.2%)

Allegheny

County,

PA

Hospital

Development

Auth.

Rev.

Refg.

(University

of

Pittsburgh

Medical

Center)

1,500,000

5.000%,

7/15/2034,

Ser.

A

1,946,895

Berks

County,

PA

Industrial

Development

Auth.

Healthcare

Fac.

Rev.

Refg.

(Highlands

at

Wyomissing)

460,000

5.000%,

5/15/2043

510,338

410,000

5.000%,

5/15/2048

453,279

Cumberland

County,

PA

Municipal

Auth.

Rev.

Refg.

(Diakon

Lutheran

Ministries)

1,220,000

5.000%,

1/1/2038

1,350,796

130,000

5.000%,

1/1/2038

c

153,366

Lancaster

County,

PA

Hospital

Auth.

Rev.

Refg.

(St.

Anne's

Retirement

Community,

Inc.)

250,000

5.000%,

3/1/2050

269,128

250,000

5.000%,

3/1/2045

269,837

Pennsylvania

Economic

Development

Financial

Auth.

Solid

Waste

Disposal

Rev.

(CarbonLite

P,

LLC)

2,875,000

5.750%,

6/1/2036,

AMT

*

2,837,309

Pennsylvania

Turnpike

Commission

Rev.

(BAM

Insured)

6,090,000

Zero

Coupon,

12/1/2041,

Ser.

A-3

d

3,882,010

Pennsylvania

Turnpike

Commission

Turnpike

Rev.

1,000,000

4.000%,

12/1/2050,

Ser.

A

1,169,650

3,000,000

5.000%,

12/1/2040,

Ser.

B

3,553,920

4,950,000

5.000%,

12/1/2046,

Ser.

A-1

5,892,926

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Pennsylvania

(2.2%)

-

continued

Pennsylvania

Turnpike

Commission

Turnpike

Rev.

(AGM

Insured)

$

10,440,000

6.250%,

6/1/2033,

Ser.

C

d

$

13,282,290

Total

35,571,744

Puerto

Rico

(0.4%)

Puerto

Rico

Sales

Tax

Financing

Corporation

Rev.

5,296,000

4.550%,

7/1/2040,

Ser.

A-1

5,931,679

Total

5,931,679

South

Carolina

(1.5%)

Beaufort-Jasper

Water

&

Sewer

Auth.

Rev.

Refg.

425,000

5.000%,

3/1/2025,

Ser.

B

507,348

Charleston

County,

SC

Airport

System

Rev.

6,215,000

5.500%,

7/1/2031,

Ser.

A,

AMT

6,869,688

Columbia,

SC

Waterworks

and

Sewer

System

Rev.

5,250,000

5.000%,

2/1/2049,

Ser.

A

6,644,295

Greenwood

County,

SC

Hospital

Fac.

Rev.

Refg.

(Self

Regional

Healthcare)

1,120,000

5.000%,

10/1/2024,

Ser.

B

1,179,450

2,890,000

5.000%,

10/1/2031,

Ser.

B

3,022,015

South

Carolina

Jobs

Economic

Development

Auth.

Hospital

Fac.

Rev.

Refg.

(Bon

Secours

Mercy

Health,

Inc.)

2,000,000

5.000%,

12/1/2046,

Ser.

A

2,561,180

South

Carolina

Jobs

Economic

Development

Auth.

Refg.

(Life

Communities,

Inc.)

2,000,000

5.000%,

11/15/2047,

Ser.

C

2,317,020

South

Carolina

Jobs

Economic

Development

Auth.

Rev.

(Bishop

Gadsden

Episcopal

Retirement

Community)

1,460,000

5.000%,

4/1/2054,

Ser.

A

1,623,520

Total

24,724,516

South

Dakota

(0.1%)

South

Dakota

Board

Of

Regents

Housing  &

Auxiliary

Fac.

System

Rev.

1,000,000

5.000%,

4/1/2033,

Ser.

B

1,156,320

Total

1,156,320

Tennessee

(0.2%)

Tennessee

State

School

Bond

Auth.

Rev.

(2nd

Program)

500,000

5.000%,

11/1/2031

580,265

450,000

5.000%,

11/1/2032

520,965

1,275,000

5.000%,

11/1/2034

1,470,445

250,000

5.000%,

11/1/2036

287,222

Total

2,858,897

Municipal

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

246

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Texas

(9.6%)

Arlington,

TX

Higher

Education

Finance

Corporation

Education

Rev.

(Great

Hearts

America)

(PSF-GTD

Insured)

$

3,180,000

4.000%,

8/15/2055,

Ser.

A

d

$

3,784,073

Central

Texas

Regional

Mobility

Auth.

Rev.

1,700,000

5.000%,

1/1/2040,

Ser.

A

1,951,209

500,000

5.000%,

1/1/2045,

Ser.

E

626,600

Clifton,

TX

Higher

Education

Finance

Corporation

Education

Rev.

(IDEA

Public

Schools)

1,000,000

5.000%,

8/15/2042

1,045,430

2,000,000

6.000%,

8/15/2043

2,211,200

Clifton,

TX

Higher

Education

Finance

Corporation

Education

Rev.

(IDEA

Public

Schools)

(PSF-

GTD

Insured)

1,000,000

5.000%,

8/15/2036,

Ser.

A

d

1,222,240

4,605,000

5.000%,

8/15/2039

d

5,248,733

2,000,000

5.000%,

8/15/2046,

Ser.

A

d

2,403,700

Dallas

and

Fort

Worth,

TX

International

Airport

Rev.

Refg.

4,000,000

5.250%,

11/1/2033,

Ser.

F

4,493,720

Harris

County,

TX

Cultural

Education

Fac.

Finance

Corporation

Rev.

(First

Mortgage

Brazos

Presbyterian

Homes,

Inc.)

295,000

5.000%,

1/1/2033,

Ser.

A

308,243

Harris

County,

TX

Cultural

Education

Fac.

Finance

Corporation

Rev.

Refg.

(Brazos

Presbyterian

Homes)

2,000,000

5.000%,

1/1/2037

2,198,660

Houston,

TX

Water

and

Sewer

System

Rev.

Refg.

(AGM

Insured)

10,000,000

5.750%,

12/1/2032,

Ser.

A

c,d

15,330,300

Irving,

TX

Rev.

Refg.

2,325,000

5.000%,

8/15/2043

2,554,082

Lake

Travis

Independent

School

District

G.O.

Refg.

(PSF-GTD

Insured)

1,000,000

5.000%,

2/15/2031

d

1,247,040

Lower

Colorado

River,

TX

Auth.

Rev.

Refg.

(LCRA

Transmission

Services

Corporation)

2,900,000

5.000%,

5/15/2050,

Ser.

A

3,709,564

1,000,000

5.000%,

5/15/2044

1,211,700

New

Hope

Cultural

Education

Facilities

Corporation,

TX

Student

Housing

Rev.

(Collegiate

Housing

College

Station

I

LLC

-

Texas

A&M

University)

1,000,000

5.000%,

4/1/2029,

Ser.

A

1,051,250

North

East

Independent

School

District,

Bexar

County,

TX

G.O.

Unlimited

Tax

Refg.

(PSF-GTD

Insured)

5,000,000

5.250%,

2/1/2028

d

6,585,500

2,000,000

5.250%,

2/1/2029

d

2,703,960

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Texas

(9.6%)

-

continued

North

Texas

Education

Finance

Corporation

Education

Rev.

(Uplift

Education)

$

4,500,000

5.125%,

12/1/2042,

Ser.

A

c

$

4,793,715

North

Texas

Tollway

Auth.

System

Rev.

15,000,000

5.000%,

9/1/2030,

Ser.

D

c

15,424,650

North

Texas

Tollway

Auth.

System

Rev.

Refg.

5,000,000

5.000%,

1/1/2042,

Ser.

B

c

5,221,400

North

Texas

Tollway

Auth.

System

Rev.

Refg.

(AGC

Insured)

5,000,000

Zero

Coupon,

1/1/2028,

Ser.

D

d

4,681,550

Northwest

Independent

School

District

G.O.

(Denton,

Tarrant

and

Wise

Counties,

TX)

(PSF-

GTD

Insured)

5,705,000

5.000%,

2/15/2038

c,d

6,529,715

Port

Freeport,

TX

Rev.

3,700,000

5.000%,

6/1/2049,

Ser.

A,

AMT

4,502,049

Red

River

Education

Finance

Corporation

Rev.

(St.

Edwards

University)

2,130,000

5.000%,

6/1/2046

2,360,253

San

Antonio

Water

System

Rev.

7,875,000

5.000%,

5/15/2039,

Ser.

A

10,014,086

Southwest

TX

Higher

Education

Auth.

Rev.

Refg.

(Southern

Methodist

University)

600,000

5.000%,

10/1/2039

741,756

600,000

5.000%,

10/1/2040

739,032

700,000

5.000%,

10/1/2041

860,013

Tarrant

County

Cultural

Education

Fac.

Finance

Corporation

Hospital

Rev.

(Hendrick

Medical

Center)

2,640,000

5.000%,

9/1/2030

2,984,467

Tarrant

County

Cultural

Education

Fac.

Finance

Corporation

Rev.

Refg.

(Trinity

Terrace)

765,000

5.000%,

10/1/2044,

Ser.

A-1

835,747

Texas

G.O.

Refg.

7,500,000

5.000%,

10/1/2044,

Ser.

A

c

8,813,475

Texas

Municipal

Gas

Acquisition

&

Supply

Corporation

III

Rev.

Refg.

1,000,000

5.000%,

12/15/2032

e

1,375,200

Texas

Private

Activity

Bond

Surface

Transportation

Corporation

Rev.

(Segment

3C)

15,380,000

5.000%,

6/30/2058,

AMT

18,709,001

Texas

Private

Activity

Bond

Surface

Transportation

Corporation

Rev.

Refg.

(LBJ

Infrastructure

Group,

LLC)

500,000

4.000%,

12/31/2039,

Ser.

A

587,790

4,275,000

4.000%,

6/30/2040,

Ser.

A

5,014,105

Total

154,075,208

Utah

(1.6%)

Jordan

Valley,

UT

Water

Conservancy

District

Rev.

3,420,000

5.000%,

10/1/2044,

Ser.

A

4,312,209

Municipal

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

247

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Utah

(1.6%)

-

continued

$

3,000,000

5.000%,

10/1/2049,

Ser.

A

$

3,759,780

Orem,

UT

G.O.

6,880,000

5.000%,

12/1/2046

8,687,307

Salt

Lake

City,

UT

Airport

Rev.

1,000,000

5.000%,

7/1/2042,

Ser.

A,

AMT

1,202,580

1,000,000

5.250%,

7/1/2048,

Ser.

A,

AMT

1,230,810

Utah

Charter

School

Finance

Auth.

Rev.

(Utah

Charter

Academies)

800,000

5.000%,

10/15/2048

937,616

Utah

County,

UT

Hospital

Rev.

(IHC

Health

Services,

Inc.)

2,000,000

5.000%,

5/15/2050,

Ser.

A

2,582,140

1,000,000

4.000%,

5/15/2043,

Ser.

A

1,201,670

1,610,000

5.000%,

5/15/2045,

Ser.

A

1,804,907

Total

25,719,019

Vermont

(0.3%)

Vermont

Educational

&

Health

Buildings

Financing

Agency

Rev.

Refg.

(University

of

Vermont

Medical

Center)

3,000,000

5.000%,

12/1/2035,

Ser.

A

3,568,920

1,000,000

5.000%,

12/1/2036,

Ser.

A

1,187,030

Total

4,755,950

Virginia

(2.9%)

Fairfax

County,

VA

Industrial

Development

Auth.

Health

Care

Rev.

(Inova

Health

System)

2,405,000

5.000%,

5/15/2044,

Ser.

A

2,741,002

Virginia

Commonwealth

Transportation

Board

Rev.

10,000,000

5.000%,

5/15/2034

c

10,141,300

Virginia

Small

Business

Financing

Auth.

Rev.

(Elizabeth

River

Crossings

Opco,

LLC)

1,150,000

5.000%,

1/1/2027,

AMT

1,211,974

8,910,000

6.000%,

1/1/2037,

AMT

9,497,258

1,800,000

5.500%,

1/1/2042,

AMT

1,887,048

Virginia

Small

Business

Financing

Auth.

Rev.

(Transform

66

P3)

610,000

5.000%,

12/31/2047,

AMT

720,391

6,575,000

5.000%,

12/31/2049,

AMT

7,756,199

10,610,000

5.000%,

12/31/2052,

AMT

12,495,185

Total

46,450,357

Washington

(2.7%)

Clark

County,

WA

Public

Utility

District

No.

1

Electric

Rev.

Refg.

785,000

5.000%,

1/1/2029

950,651

FYI

Properties

Rev.

Refg.

(Washington

DIS)

5,000,000

5.000%,

6/1/2038

6,106,650

Kalispel

Tribe

of

Indians

Priority

Distribution

WA

Rev.

750,000

5.250%,

1/1/2038,

Ser.

A

*

857,160

Pierce

County,

WA

School

District

No.

10,

Tacoma

G.O.

Refg.

2,170,000

5.000%,

12/1/2039

c

2,656,405

Port

of

Seattle

WA

Rev.

1,000,000

5.000%,

4/1/2044,

AMT

1,218,420

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Washington

(2.7%)

-

continued

Snohomish

County,

WA

Edmonds

School

District

No.

15

U.T.G.O.

$

1,000,000

5.000%,

12/1/2033

$

1,138,390

Snohomish

County,

WA

Housing

Auth.

Rev.

3,005,000

5.000%,

4/1/2041

3,693,085

Washington

Health

Care

Fac.

Auth.

Rev.

Refg.

(Seattle

Cancer

Care

Alliance)

2,000,000

4.000%,

9/1/2050

2,349,480

2,000,000

5.000%,

9/1/2055,

Ser.

2020

2,544,440

Washington

Higher

Education

Fac.

Auth.

Rev.

(Seattle

University)

500,000

4.000%,

5/1/2050

573,055

450,000

4.000%,

5/1/2045

518,720

Washington

State

Various

Purpose

G.O.

12,095,000

5.000%,

8/1/2030,

Ser.

A

13,502,011

5,310,000

5.000%,

8/1/2042,

Ser.

A

6,642,704

Total

42,751,171

West

Virginia

(0.4%)

West

Virginia

State

University

Rev.

5,000,000

5.000%,

10/1/2049,

Ser.

A

6,323,650

Total

6,323,650

Wisconsin

(2.1%)

Kaukauna,

WI

Electric

System

Rev.

(AGM

Insured)

3,000,000

5.000%,

12/15/2035,

Ser.

A

c,d

3,270,930

Public

Finance

Auth.

Rev.

Refg.

(WakeMed

Hospital)

2,000,000

5.000%,

10/1/2044,

Ser.

A

2,438,340

Public

Finance

Auth.

WI

Retirement

Communities

Rev.

(Acts

Retirement-Life

Communities,

Inc.)

1,000,000

5.000%,

11/15/2041,

Ser.

A

1,215,670

Wisconsin

Health

&

Educational

Fac.

Auth.

Rev.

(PHW

Oconomowoc,

Inc.)

1,750,000

5.125%,

10/1/2048

1,831,130

Wisconsin

Health

&

Educational

Fac.

Auth.

Rev.

(Thedacare,

Inc.)

1,195,000

5.000%,

12/15/2039

1,352,895

2,500,000

5.000%,

12/15/2044

2,808,950

Wisconsin

Health

&

Educational

Fac.

Auth.

Rev.

Refg.

(Ascension

Health

Credit

Group)

9,275,000

5.000%,

11/15/2039,

Ser.

A

11,184,723

Wisconsin

Health

&

Educational

Fac.

Auth.

Rev.

Refg.

(Benevolent

Corporation

Cedar

Community)

870,000

5.000%,

6/1/2037

940,757

Wisconsin

Health

&

Educational

Fac.

Auth.

Rev.

Refg.

(Marquette

University)

5,000,000

5.000%,

10/1/2041

5,906,350

Municipal

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

248

Principal

Amount

Long-Term

Fixed

Income

(99.6%)

Value

Wisconsin

(2.1%)

-

continued

Wisconsin

Health

&

Educational

Fac.

Auth.

Rev.

Refg.

(Marshfield

Clinic

Health

Systems,

Inc.)

$

2,000,000

5.000%,

2/15/2047,

Ser.

C

$

2,313,260

Total

33,263,005

Wyoming

(0.4%)

Laramie

County,

WY

Hospital

Rev.

Refg.

(Cheyenne

Regional

Medical

Center)

425,000

4.000%,

5/1/2038

e

516,375

Lincoln

County,

WY

Pollution

Control

Rev.

Refg.

(ExxonMobil)

3,630,000

0.030%,

10/1/2044,

AMT

a

3,630,000

Sublette

County,

WY

Pollution

Control

Rev.

Refg.

(ExxonMobil)

1,775,000

0.010%,

10/1/2044

a

1,775,000

Total

5,921,375

Total

Long-Term

Fixed

Income

(cost

$1,458,314,487)

1,600,860,284

Total

Investments

(cost

$1,458,314,487)

99.6%

$1,600,860,284

Other

Assets

and

Liabilities,

Net

0.4%

5,732,834

Total

Net

Assets

100.0%

$1,606,593,118

a

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

January

29,

2021.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

b

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

January

29,

2021,

the

value

of

these

investments

was

$13,744,917

or

0.9%

of

total

net

assets.

c

Denotes

securities

that

have

been

pre-refunded

or

escrowed

to

maturity.

Under

such

an

arrangement,

money

is

deposited

into

an

irrevocable

escrow

account

and

is

used

to

purchase

U.S.

Treasury

securities

or

government

agency

securities

with

maturing

principal

and

interest

earnings

sufficient

to

pay

all

debt

service

requirements

of

the

pre-

refunded

bonds.

d

To

reduce

certain

risks

associated

with

securities

issued

by

municipalities,

which

may

include

but

are

not

limited

to

economic

development

in

a

specific

industry

or

municipality,

the

principal

and/or

interest

payments

are

guaranteed

by

the

bond

insurance

company

or

government

agency

identified.

e

Denotes

investments

purchased

on

a

when-issued

or

delayed

delivery

basis.

f

Defaulted

security.  Interest

is

not

being

accrued.

g

In

bankruptcy.  Interest

is

not

being

accrued.

h

Denotes

step

coupon

securities.

Step

coupon

securities

pay

an

initial

coupon

rate

for

the

first

period

and

then

different

coupon

rates

for

following

periods.

The

rate

shown

is

as

of

January

29,

2021.

*

Denotes

restricted

securities.

Restricted

securities

are

investment

securities

which

cannot

be

offered

for

public

sale

without

first

being

registered

under

the

Securities

Act

of

1933.

The

value

of

all

restricted

securities

held

in

Municipal

Bond

Fund

as

of

January

29,

2021

was

$3,694,469

or

0.23%

of

total

net

assets.

The

following

table

indicates

the

acquisition

date

and

cost

of

restricted

securities

shown

in

the

schedule

as

of

January

29,

2021.

Security

Acquisition

Date

Cost

Kalispel

Tribe

of

Indians

Priority

Distribution

WA

Rev.,

1/1/2038

5/17/2018

$

735,954

Pennsylvania

Economic

Development

Financial

Auth.

Solid

Waste

Disposal

Rev.

(CarbonLite

P,

LLC),

6/1/2036

6/13/2019

2,940,514

Municipal

Bond

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

249

Definitions:

AGC

-

Assured

Guaranty,

Ltd

AGM

-

Assured

Guaranty

Municipal

Corporation

AMT

-

Subject

to

Alternative

Minimum

Tax

Auth.

-

Authority

BAM

-

Build

America

Mutual

C.O.P.

-

Certificate

of

Participation

Fac.

-

Facility/Facilities

FGIC

-

Federal

Guaranty

Insurance

Company

FHLMC

-

Federal

Home

Loan

Mortgage

Corporation

FNMA

-

Federal

National

Mortgage

Association

GNMA

-

Government

National

Mortgage

Association

G.O.

-

General

Obligation

NATL-RE

-

National

Public

Finance

Guarantee

Corporation

PSF-GTD

-

Permanent

School

Fund

Guarantee

Program

Refg.

-

Refunding

Rev.

-

Revenue

Ser.

-

Series

U.T.G.O.

-

Unlimited

Tax

General

Obligation

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

January

29,

2021,

in

valuing

Municipal

Bond

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Long-Term

Fixed

Income

Education

245,871,570

–

245,871,570

–

Electric

Revenue

48,911,384

–

48,911,384

–

Escrowed/Pre-refunded

188,971,972

–

188,971,972

–

General

Obligation

153,432,381

–

153,432,381

–

Health

Care

247,855,028

–

247,855,028

–

Housing

Finance

13,618,860

–

13,618,860

–

Industrial

Development

Revenue

21,388,610

–

21,388,610

–

Other

Revenue

96,258,249

–

96,258,249

–

Tax

Revenue

112,510,355

–

112,510,355

–

Transportation

340,601,129

–

340,601,129

–

Water

&

Sewer

131,440,746

–

131,440,746

–

Total

Investments

at

Value

$1,600,860,284

$–

$1,600,860,284

$–

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

250

Principal

Amount

Bank

Loans

(

28.2%

)

a

Value

Basic

Materials

(1.6%)

Avantor

Funding,

Inc.,

Term

Loan

$

1,315,000

3.500%, 

(LIBOR

1M

+

2.500%),

11/6/2027

b

$

1,318,840

Ball

Metalpack

Finco,

LLC,

Term

Loan

263,250

4.733%, 

(LIBOR

3M

+

4.500%),

7/31/2025

b

261,276

Chemours

Company,

Term

Loan

1,234,179

1.880%, 

(LIBOR

1M

+

1.750%),

4/3/2025

b

1,223,689

Hexion,

Inc.,

Term

Loan

1,032,141

3.740%, 

(LIBOR

3M

+

3.500%),

7/1/2026

b

1,032,998

INEOS

US

Petrochem,

LLC,

Term

Loan

1,745,000

0.000%, 

(LIBOR

1M

+

2.750%),

1/21/2026

b,c,d

1,750,095

Innophos

Holdings,

Inc.,

Term

Loan

1,032,200

3.621%, 

(LIBOR

1M

+

3.500%),

2/7/2027

b

1,031,343

Momentive

Performance

Materials

USA,

LLC,

Term

Loan

878,620

3.380%, 

(LIBOR

1M

+

3.250%),

5/15/2024

b

869,834

Nouryon

USA,

LLC,

Term

Loan

2,638,590

3.129%, 

(LIBOR

1M

+

3.000%),

10/1/2025

b

2,625,397

Pixelle

Specialty

Solutions,

LLC,

Term

Loan

1,814,863

7.500%, 

(LIBOR

1M

+

6.500%),

10/31/2024

b

1,815,316

PQ

Corporation,

Term

Loan

869,327

4.000%, 

(LIBOR

3M

+

3.000%),

2/7/2027

b

869,762

Total

12,798,550

Capital

Goods

(2.7%)

Asplundh

Tree

Expert,

LLC,

Term

Loan

683,287

2.621%, 

(LIBOR

1M

+

2.500%),

9/4/2027

b

684,709

Flex

Acquisition

Company,

Inc.

Term

Loan

1,917,620

3.238%, 

(LIBOR

3M

+

3.000%),

6/29/2025

b

1,903,967

Gemini

HDPE,

LLC,

Term

Loan

1,590,000

3.500%, 

(LIBOR

3M

+

3.000%),

12/28/2027

b,c,d

1,578,743

GFL

Environmental,

Inc.,

Term

Loan

1,605,000

3.500%, 

(LIBOR

3M

+

3.000%),

5/31/2025

b

1,610,345

Graham

Packaging

Company,

Inc.,

Term

Loan

994,356

4.500%, 

(LIBOR

1M

+

3.750%),

8/4/2027

b

996,703

Mauser

Packaging

Solutions

Holding

Company,

Term

Loan

1,359,432

3.381%, 

(LIBOR

1M

+

3.250%),

4/3/2024

b

1,332,528

Principal

Amount

Bank

Loans

(28.2%)

a

Value

Capital

Goods

(2.7%)

-

continued

MI

Windows

and

Doors,

Inc.,

Term

Loan

$

1,450,000

4.500%, 

(LIBOR

1M

+

3.750%),

12/15/2027

b,e

$

1,460,875

Natgasoline,

LLC,

Term

Loan

1,136,800

3.625%, 

(LIBOR

1M

+

3.500%),

11/14/2025

b,e

1,131,116

Navistar,

Inc.,

Term

Loan

1,886,650

3.630%, 

(LIBOR

1M

+

3.500%),

11/6/2024

b

1,882,405

Pactiv

Evergreen

Group

Holdings,

Inc.,

Term

Loan

1,450,856

2.871%, 

(LIBOR

1M

+

2.750%),

2/5/2023

b

1,449,957

675,000

3.371%, 

(LIBOR

1M

+

3.250%),

2/16/2026

b

675,337

TransDigm,

Inc.,

Term

Loan

3,687,683

2.371%, 

(LIBOR

1M

+

2.250%),

12/9/2025

b

3,621,230

Vertiv

Group

Corporation,

Term

Loan

3,473,750

3.144%, 

(LIBOR

1M

+

3.000%),

3/2/2027

b

3,475,834

Total

21,803,749

Communications

Services

(7.4%)

Altice

France

SA,

Term

Loan

784,437

2.871%, 

(LIBOR

1M

+

2.750%),

7/31/2025

b

773,981

Cablevision

Lightpath,

LLC,

Term

Loan

1,586,025

3.750%, 

(LIBOR

1M

+

3.250%),

12/1/2027

b

1,589,990

CCI

Buyer,

Inc.,

Term

Loan

405,000

4.750%, 

(LIBOR

2M

+

4.000%),

12/12/2027

b

407,430

CommScope,

Inc.,

Term

Loan

2,439,125

3.371%, 

(LIBOR

1M

+

3.250%),

4/4/2026

b

2,431,125

Coral-US

Co-Borrower,

LLC,

Term

Loan

4,345,000

2.371%, 

(LIBOR

1M

+

2.250%),

1/31/2028

b

4,320,581

CSC

Holdings,

LLC,

Term

Loan

1,438,937

2.377%, 

(LIBOR

1M

+

2.250%),

7/17/2025

b

1,427,253

3,554,100

2.627%, 

(LIBOR

1M

+

2.500%),

4/15/2027

b

3,534,126

Diamond

Sports

Group,

LLC,

Term

Loan

3,089,461

3.380%, 

(LIBOR

1M

+

3.250%),

8/24/2026

b

2,623,477

E.W.

Scripps

Company,

Term

Loan

1,510,000

3.750%, 

(LIBOR

1M

+

3.000%),

12/15/2027

b,c,d

1,508,868

Eagle

Broadband

Investments,

LLC,

Term

Loan

2,650,000

3.750%, 

(LIBOR

3M

+

3.000%),

11/12/2027

b

2,660,494

Entercom

Media

Corporation,

Term

Loan

1,547,748

2.623%, 

(LIBOR

1M

+

2.500%),

11/17/2024

b

1,523,247

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

251

Principal

Amount

Bank

Loans

(28.2%)

a

Value

Communications

Services

(7.4%)

-

continued

GCI,

LLC,

Term

Loan

$

2,508,712

3.500%, 

(LIBOR

1M

+

2.750%),

10/15/2025

b,c,d

$

2,505,577

Gray

Television,

Inc.,

Term

Loan

935,000

2.394%, 

(LIBOR

1M

+

2.250%),

2/7/2024

b

929,745

HCP

Acquisition,

LLC,

Term

Loan

2,447,316

4.000%, 

(LIBOR

1M

+

3.000%),

5/16/2024

b

2,450,815

iHeartCommunications,

Inc.,

Term

Loan

1,195,940

3.121%, 

(LIBOR

1M

+

3.000%),

5/1/2026

b

1,180,094

Lumen

Technologies,

Inc.,

Term

Loan

3,709,565

2.371%, 

(LIBOR

1M

+

2.250%),

3/15/2027

b

3,693,799

Meredith

Corporation,

Term

Loan

1,371,554

5.250%, 

(LIBOR

3M

+

4.250%),

1/31/2025

b

1,392,991

NEP

Group,

Inc.,

Term

Loan

2,060,109

3.371%, 

(LIBOR

1M

+

3.250%),

10/20/2025

b

1,961,677

Nexstar

Broadcasting,

Inc.,

Term

Loan

2,330,592

2.894%, 

(LIBOR

1M

+

2.750%),

9/19/2026

b

2,330,266

Nielsen

Finance,

LLC,

Term

Loan

833,700

4.750%, 

(LIBOR

1M

+

3.750%),

6/4/2025

b

838,394

Radiate

Holdco,

LLC,

Term

Loan

3,775,000

4.250%, 

(LIBOR

1M

+

3.500%),

9/25/2026

b

3,771,867

SBA

Senior

Finance

II,

LLC,

Term

Loan

1,847,795

1.880%, 

(LIBOR

1M

+

1.750%),

4/11/2025

b

1,838,981

Terrier

Media

Buyer,

Inc.,

Term

Loan

2,135,000

0.000%, 

(LIBOR

1M

+

3.500%),

12/17/2026

b,c,d

2,131,798

1,153,350

4.371%, 

(LIBOR

1M

+

4.250%),

12/17/2026

b

1,152,485

771,125

4.371%, 

(LIBOR

1M

+

4.250%),

12/17/2026

b

771,125

TNS,

Inc.,

Term

Loan

1,379,474

4.130%, 

(LIBOR

1M

+

4.000%),

8/14/2022

b

1,380,343

Virgin

Media

Bristol,

LLC,

Term

Loan

3,140,000

2.627%, 

(LIBOR

1M

+

2.500%),

1/31/2028

b

3,122,981

WideOpenWest

Finance,

LLC,

Term

Loan

1,956,862

4.250%, 

(LIBOR

1M

+

3.250%),

8/19/2023

b

1,950,756

Xplornet

Communications,

Inc.,

Term

Loan

1,637,561

4.871%, 

(LIBOR

1M

+

4.750%),

6/10/2027

b

1,650,432

Principal

Amount

Bank

Loans

(28.2%)

a

Value

Communications

Services

(7.4%)

-

continued

Ziggo

Financing

Partnership,

Term

Loan

$

2,285,000

2.627%, 

(LIBOR

1M

+

2.500%),

4/30/2028

b

$

2,269,759

Total

60,124,457

Consumer

Cyclical

(3.9%)

1011778

B.C.,

LLC,

Term

Loan

2,847,385

1.871%, 

(LIBOR

1M

+

1.750%),

11/19/2026

b

2,825,431

Caesars

Resort

Collection,

LLC,

Term

Loan

2,109,713

4.621%, 

(LIBOR

1M

+

4.500%),

7/20/2025

b

2,107,075

Carnival

Corporation,

Term

Loan

1,057,343

8.500%, 

(LIBOR

1M

+

7.500%),

6/30/2025

b

1,087,086

Cengage

Learning,

Inc.,

Term

Loan

1,047,335

5.250%, 

(LIBOR

3M

+

4.250%),

6/7/2023

b

1,005,316

CP

Atlas

Buyer,

Inc.,

Term

Loan

810,000

0.000%, 

(LIBOR

1M

+

3.750%),

12/27/2027

b,c,d

810,000

Four

Seasons

Hotels,

Ltd.,

Term

Loan

1,449,697

2.121%, 

(LIBOR

1M

+

2.000%),

11/30/2023

b

1,443,536

Golden

Entertainment,

Inc.,

Term

Loan

3,173,125

3.750%, 

(LIBOR

1M

+

3.000%),

10/20/2024

b

3,142,726

Golden

Nugget,

LLC,

Term

Loan

1,576,575

3.365%, 

(LIBOR

2M

+

2.500%),

10/4/2023

b

1,542,584

Harbor

Freight

Tools

USA,

Inc.,

Term

Loan

2,049,863

4.000%, 

(LIBOR

1M

+

3.250%),

10/19/2027

b

2,050,887

IAA,

Inc.,

Term

Loan

585,337

2.375%, 

(LIBOR

1M

+

2.250%),

6/28/2026

b,e

583,874

LCPR

Loan

Financing,

LLC,

Term

Loan

2,995,000

5.127%, 

(LIBOR

1M

+

5.000%),

10/15/2026

b

3,018,391

Michaels

Stores,

Inc.,

Term

Loan

1,502,450

4.250%, 

(LIBOR

1M

+

3.500%),

10/1/2027

b

1,498,694

PetSmart,

Inc.,

Term

Loan

415,000

0.000%, 

(LIBOR

1M

+

3.750%),

1/29/2028

b,c,d

414,481

Scientific

Games

International,

Inc.,

Term

Loan

4,823,551

2.871%, 

(LIBOR

1M

+

2.750%),

8/14/2024

b

4,736,148

Staples,

Inc.,

Term

Loan

512,847

4.714%, 

(LIBOR

3M

+

4.500%),

9/12/2024

b

504,898

1,064,902

5.214%, 

(LIBOR

3M

+

5.000%),

4/12/2026

b

1,040,942

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

252

Principal

Amount

Bank

Loans

(28.2%)

a

Value

Consumer

Cyclical

(3.9%)

-

continued

Stars

Group

Holdings

BV,

Term

Loan

$

1,150,751

3.754%, 

(LIBOR

3M

+

3.500%),

7/10/2025

b

$

1,153,295

Tenneco,

Inc.,

Term

Loan

1,585,293

3.121%, 

(LIBOR

1M

+

3.000%),

10/1/2025

b

1,565,081

Truck

Hero,

Inc.,

Term

Loan

370,000

0.000%, 

(LIBOR

1M

+

3.750%),

1/20/2028

b,c,d

370,185

Wyndham

Hotels

&

Resorts,

Inc.,

Term

Loan

997,050

1.871%, 

(LIBOR

1M

+

1.750%),

5/30/2025

b

990,131

Total

31,890,761

Consumer

Non-Cyclical

(4.6%)

Adient

US,

LLC,

Term

Loan

1,266,785

4.394%, 

(LIBOR

1M

+

4.250%),

5/6/2024

b

1,266,785

Aramark

Services,

Inc.,

Term

Loan

575,000

1.871%, 

(LIBOR

1M

+

1.750%),

3/11/2025

b

569,250

Bausch

Health

Americas,

Inc.,

Term

Loan

3,030,729

3.121%, 

(LIBOR

1M

+

3.000%),

6/1/2025

b

3,031,214

Bellring

Brands,

LLC,

Term

Loan

575,226

6.000%, 

(LIBOR

1M

+

5.000%),

10/21/2024

b

579,828

Change

Healthcare

Holdings,

LLC,

Term

Loan

1,158,366

3.500%, 

(LIBOR

1M

+

2.500%),

3/1/2024

b

1,158,366

Chobani,

LLC,

Term

Loan

817,950

4.500%, 

(LIBOR

1M

+

3.500%),

10/23/2027

b

820,510

CNT

Holdings

I

Corporation,

Term

Loan

1,060,000

4.500%, 

(LIBOR

3M

+

3.750%),

11/8/2027

b

1,064,547

295,000

7.500%, 

(LIBOR

3M

+

6.750%),

11/6/2028

b,e

300,900

Dole

Food

Company,

Inc.,

Term

Loan

2,048,582

3.750%, 

(LIBOR

1M

+

2.750%),

4/6/2024

b

2,047,127

Elanco

Animal

Health,

Inc.,

Term

Loan

1,339,399

1.894%, 

(LIBOR

1M

+

1.750%),

8/1/2027

b

1,335,488

Endo

International

plc,

Term

Loan

1,513,902

5.000%, 

(LIBOR

3M

+

4.250%),

4/27/2024

b

1,500,656

Froneri

U.S.,

Inc.,

Term

Loan

726,350

2.371%, 

(LIBOR

1M

+

2.250%),

1/31/2027

b

722,217

Global

Medical

Response,

Inc.,

Term

Loan

480,150

5.250%, 

(LIBOR

3M

+

4.250%),

3/14/2025

b

478,830

4,885,000

5.750%, 

(LIBOR

3M

+

4.750%),

10/2/2025

b

4,886,221

Principal

Amount

Bank

Loans

(28.2%)

a

Value

Consumer

Non-Cyclical

(4.6%)

-

continued

Grifols

Worldwide

Operations

USA,

Inc.,

Term

Loan

$

1,481,359

2.092%, 

(LIBOR

1W

+

2.000%),

11/15/2027

b

$

1,477,656

IQVIA,

Inc.,

Term

Loan

560,654

1.871%, 

(LIBOR

1M

+

1.750%),

1/1/2025

b

559,813

JBS

USA

LUX

SA,

Term

Loan

2,335,289

2.121%, 

(LIBOR

1M

+

2.000%),

5/1/2026

b

2,330,431

MPH

Acquisition

Holdings,

LLC,

Term

Loan

3,584,926

3.750%, 

(LIBOR

3M

+

2.750%),

6/7/2023

b

3,578,437

Ortho-Clinical

Diagnostics

SA,

Term

Loan

3,546,901

3.394%, 

(PRIME

+

2.250%),

6/30/2025

b

3,536,260

Plantronics,

Inc.,

Term

Loan

796,023

2.621%, 

(LIBOR

1M

+

2.500%),

7/2/2025

b

786,622

PPD,

Inc.,

Term

Loan

1,315,000

2.750%, 

(LIBOR

1M

+

2.250%),

1/6/2028

b

1,319,931

Precision

Medicine

Group,

LLC,

Term

Loan

230,000

0.000%, 

(LIBOR

1M

+

3.750%),

11/20/2027

b,c,d

230,720

1,740,000

4.500%, 

(LIBOR

3M

+

3.750%),

11/20/2027

b

1,745,446

Sotera

Health

Holdings,

LLC,

Term

Loan

1,048,000

0.000%, 

(LIBOR

1M

+

2.750%),

12/13/2026

b,c,d

1,044,940

US

Foods,

Inc.,

Term

Loan

823,532

1.871%, 

(LIBOR

1M

+

1.750%),

6/27/2023

b

815,108

Total

37,187,303

Energy

(1.0%)

Buckeye

Partners,

LP,

Term

Loan

1,715,000

0.000%, 

(LIBOR

1M

+

2.250%),

11/1/2026

b,c,d

1,714,040

1,751,763

2.897%, 

(PRIME

+

1.750%),

11/1/2026

b

1,750,781

Calpine

Corporation,

Term

Loan

2,060,000

2.630%, 

(LIBOR

1M

+

2.500%),

12/16/2027

b

2,060,865

Energizer

Holdings,

Inc.,

Term

Loan

963,333

2.750%, 

(LIBOR

1M

+

2.250%),

12/16/2027

b

962,736

Lealand

Finance

Company

BV,

Term

Loan

397,215

0.000%,PIK

3.000%,

(LIBOR

1M

+

4.000%),

6/30/2025

b,f

256,867

Lummus

Technology

Holdings

V,

LLC,

Term

Loan

1,795,500

4.121%, 

(LIBOR

1M

+

4.000%),

6/30/2027

b

1,798,876

Total

8,544,165

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

253

Principal

Amount

Bank

Loans

(28.2%)

a

Value

Financials

(2.8%)

Asurion,

LLC,

Term

Loan

$

2,205,000

3.371%, 

(LIBOR

1M

+

3.250%),

12/18/2026

b,c,d

$

2,192,145

805,000

0.000%, 

(LIBOR

1M

+

3.250%),

8/3/2027

b,c,d

799,969

1,445,000

0.000%, 

(LIBOR

1M

+

5.250%),

2/3/2028

b,c,d

1,455,837

Avolon

TLB

Borrower

1

US,

LLC,

Term

Loan

1,053,990

2.500%, 

(LIBOR

1M

+

1.750%),

1/15/2025

b

1,050,396

Blackstone

CQP

Holdco,

LP,

Term

Loan

1,901,050

3.736%, 

(LIBOR

3M

+

3.500%),

9/30/2024

b

1,899,358

BPR

Nimbus,

LLC,

Term

Loan

1,370,772

2.621%, 

(LIBOR

1M

+

2.500%),

8/24/2025

b

1,327,360

Delos

Finance

SARL,

Term

Loan

1,040,000

2.004%, 

(LIBOR

3M

+

1.750%),

10/6/2023

b

1,037,691

INEOS

US

Finance,

LLC,

Term

Loan

823,632

2.121%, 

(LIBOR

1M

+

2.000%),

3/31/2024

b

818,295

Level

3

Financing,

Inc.,

Term

Loan

1,980,000

1.871%, 

(LIBOR

1M

+

1.750%),

3/1/2027

b

1,966,397

MoneyGram

International,

Inc.,

Term

Loan

1,073,650

7.000%, 

(LIBOR

3M

+

6.000%),

6/30/2023

b

1,070,515

NCR

Corporation,

Term

Loan

1,607,987

2.720%, 

(LIBOR

3M

+

2.500%),

8/28/2026

b

1,602,633

Newco

Financing

Partnership,

Term

Loan

1,717,500

3.627%, 

(LIBOR

3M

+

3.500%),

1/31/2029

b,c,d

1,717,071

Northriver

Midstream

Finance,

LP,

Term

Loan

1,594,609

3.488%, 

(LIBOR

3M

+

3.250%),

10/1/2025

b

1,588,629

TricorBraun

Holdings,

Inc.,

Delayed

Draw

372,761

0.000%, 

(LIBOR

1M

+

3.250%),

1/29/2028

b,c,d

371,829

TricorBraun

Holdings,

Inc.,

Term

Loan

1,657,235

0.000%, 

(LIBOR

1M

+

3.250%),

1/29/2028

b,c,d

1,653,092

Tronox

Finance,

LLC,

Term

Loan

937,208

3.183%, 

(LIBOR

3M

+

3.000%),

9/22/2024

b

936,374

UPC

Financing

Partnership,

Term

Loan

1,717,500

3.627%, 

(LIBOR

3M

+

3.500%),

1/31/2029

b,c,d

1,717,071

Total

23,204,662

Principal

Amount

Bank

Loans

(28.2%)

a

Value

Technology

(2.0%)

Clear

Channel

Outdoor

Holdings,

Inc.,

Term

Loan

$

1,616,840

3.711%, 

(LIBOR

2M

+

3.500%),

8/21/2026

b

$

1,574,899

Prime

Security

Services

Borrower,

LLC,

Term

Loan

4,860,000

0.000%, 

(LIBOR

1M

+

2.750%),

9/23/2026

b,c,d

4,855,675

Rackspace

Technology

Global,

Inc.,

Term

Loan

3,972,126

4.000%, 

(LIBOR

1M

+

3.000%),

11/3/2023

b

3,969,901

SS&C

Technologies,

Inc.,

Term

Loan

1,637,736

1.871%, 

(LIBOR

1M

+

1.750%),

4/16/2025

b

1,627,304

1,240,309

1.871%, 

(LIBOR

1M

+

1.750%),

4/16/2025

b

1,232,408

Zayo

Group

Holdings,

Inc.,

Term

Loan

2,957,421

3.121%, 

(LIBOR

1M

+

3.000%),

3/9/2027

b

2,937,340

Total

16,197,527

Transportation

(0.9%)

Delta

Air

Lines,

Inc.,

Term

Loan

746,250

5.750%, 

(LIBOR

1M

+

4.750%),

4/29/2023

b

757,817

Genesee

&

Wyoming,

Inc.,

Term

Loan

2,059,438

2.254%, 

(LIBOR

3M

+

2.000%),

12/30/2026

b

2,056,863

Mileage

Plus

Holdings,

LLC,

Term

Loan

1,125,000

6.250%, 

(LIBOR

3M

+

5.250%),

6/20/2027

b

1,198,327

SkyMiles

IP,

Ltd.,

Term

Loan

1,365,000

4.750%, 

(LIBOR

3M

+

3.750%),

10/20/2027

b

1,427,790

United

Airlines,

Inc.,

Term

Loan

1,539,010

1.895%, 

(LIBOR

1M

+

1.750%),

4/1/2024

b

1,507,276

Total

6,948,073

Utilities

(1.3%)

Advanced

Drainage

Systems,

Inc.,

Term

Loan

354,911

2.438%, 

(LIBOR

1M

+

2.250%),

9/24/2026

b

354,467

Core

and

Main,

LP,

Term

Loan

2,222,806

3.750%, 

(LIBOR

3M

+

2.750%),

8/1/2024

b

2,216,138

EnergySolutions,

LLC,

Term

Loan

872,625

4.750%, 

(LIBOR

3M

+

3.750%),

5/11/2025

b,e

868,262

Exgen

Renewables

IV,

LLC,

Term

Loan

2,115,000

3.750%, 

(LIBOR

3M

+

2.750%),

12/11/2027

b,c,d

2,126,633

Pacific

Gas

and

Electric

Company,

Term

Loan

2,572,075

6.750%, 

(PRIME

+

3.500%),

6/23/2025

b

2,592,652

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

254

Principal

Amount

Bank

Loans

(28.2%)

a

Value

Utilities

(1.3%)

-

continued

PG&E

Corporation,

Term

Loan

$

2,785,000

0.000%, 

(LIBOR

1M

+

3.000%),

6/23/2025

b,c,d,e

$

2,816,331

Total

10,974,483

Total

Bank

Loans

(cost

$228,239,470)

229,673,730

Principal

Amount

Long-Term

Fixed

Income

(

53.0%

)

Value

Asset-Backed

Securities

(4.5%)

522

Funding

CLO,

Ltd.

1,300,000

2.624%, 

(LIBOR

3M

+

2.400%),

4/20/2030,

Ser.

2019-4A,

Class

CR

b,g

1,300,140

1,100,000

4.051%, 

(LIBOR

3M

+

3.850%),

10/23/2033,

Ser.

2020-6A,

Class

D

b,g

1,104,925

Apidos

CLO

XXIV

1,400,000

1.674%, 

(LIBOR

3M

+

1.450%),

10/20/2030,

Ser.

2016-24A,

Class

A1BR

b,g

1,400,531

Ares

LVII

CLO,

Ltd.

1,100,000

4.594%, 

(LIBOR

3M

+

4.350%),

10/25/2031,

Ser.

2020-57A,

Class

D

b,g

1,110,939

Assurant

CLO

III,

Ltd.

1,350,000

1.454%, 

(LIBOR

3M

+

1.230%),

10/20/2031,

Ser.

2018-3A,

Class

A

b,g

1,350,209

Babson

CLO,

Ltd.

1,225,000

3.124%, 

(LIBOR

3M

+

2.900%),

7/20/2029,

Ser.

2018-3A,

Class

D

b,g

1,200,261

Benefit

Street

Partners

CLO

IV,

Ltd.

850,000

1.974%, 

(LIBOR

3M

+

1.750%),

1/20/2029,

Ser.

2014-IVA,

Class

A2RR

b,g

850,779

Business

Jet

Securities,

LLC

764,859

4.447%, 

6/15/2033,

Ser.

2018-2,

Class

A

g

782,243

Cent

CLO,

LP

2,700,000

2.518%, 

(LIBOR

3M

+

2.300%),

10/25/2028,

Ser.

2018-27A,

Class

B

b,g

2,701,358

College

Ave

Student

Loans,

LLC

452,093

1.780%, 

(LIBOR

1M

+

1.650%),

11/26/2046,

Ser.

2017-A,

Class

A1

b,g

460,301

Conn's

Receivables

Funding

373,519

1.710%, 

6/16/2025,

Ser.

2020-A,

Class

A

g

374,090

Dryden

36

Senior

Loan

Fund

950,000

2.291%, 

(LIBOR

3M

+

2.050%),

4/15/2029,

Ser.

2014-36A,

Class

CR3

b,g

950,544

Education

Funding

Trust

1,493,787

2.790%, 

7/25/2041,

Ser.

2020-A,

Class

A

g

1,544,433

Foundation

Finance

Trust

264,747

3.300%, 

7/15/2033,

Ser.

2017-1A,

Class

A

g

269,748

Principal

Amount

Long-Term

Fixed

Income

(53.0%)

Value

Asset-Backed

Securities

(4.5%)

-

continued

Freedom

ABS

Trust

$

642,141

2.520%, 

3/18/2027,

Ser.

2020-FP1,

Class

A

g

$

647,879

Harley

Marine

Financing,

LLC

1,234,538

5.682%, 

5/15/2043,

Ser.

2018-1A,

Class

A2

g

1,120,957

Madison

Park

Funding

XIV,

Ltd.

1,250,000

1.622%, 

(LIBOR

3M

+

1.400%),

10/22/2030,

Ser.

2014-14A,

Class

A2RR

b,g

1,250,141

Myers

Park

CLO,

Ltd.

1,275,000

1.624%, 

(LIBOR

3M

+

1.400%),

10/20/2030,

Ser.

2018-1A,

Class

A2

b,g

1,275,455

Octagon

Investment

Partners

50,

Ltd.

1,350,000

4.470%, 

(LIBOR

3M

+

4.300%),

10/15/2033,

Ser.

2020-4A,

Class

D

b,g

1,359,943

OHA

Credit

Funding

1,

Ltd.

1,085,000

1.674%, 

(LIBOR

3M

+

1.450%),

10/20/2030,

Ser.

2018-1A,

Class

A2

b,g

1,085,460

OZLM

IX,

Ltd.

2,000,000

1.774%, 

(LIBOR

3M

+

1.550%),

10/20/2031,

Ser.

2014-9A,

Class

A1BR

b,g

2,001,386

Palmer

Square

CLO,

Ltd.

1,200,000

2.238%, 

(LIBOR

3M

+

2.000%),

5/21/2029,

Ser.

2015-1A,

Class

BR3

b,g

1,200,239

Palmer

Square

Loan

Funding,

Ltd.

850,000

2.474%, 

(LIBOR

3M

+

2.250%),

4/20/2027,

Ser.

2019-1A,

Class

B

b,g

850,835

Pretium

Mortgage

Credit

Partners,

LLC

2,124,217

3.721%, 

1/25/2059,

Ser.

2019-CFL1,

Class

A1

g,h

2,124,867

Riserva

CLO,

Ltd.

1,125,000

1.923%, 

(LIBOR

3M

+

1.700%),

10/18/2028,

Ser.

2016-3A,

Class

BR

b,g

1,125,794

Saxon

Asset

Securities

Trust

335,414

3.578%, 

8/25/2035,

Ser.

2004-2,

Class

MF2

b

335,898

Sound

Point

CLO

X,

Ltd.

1,150,000

2.924%, 

(LIBOR

3M

+

2.700%),

1/20/2028,

Ser.

2015-3A,

Class

DR

b,g

1,144,909

Sound

Point

CLO

XXI,

Ltd.

2,200,000

1.665%, 

(LIBOR

3M

+

1.450%),

10/26/2031,

Ser.

2018-3A,

Class

A1B

b,g

2,212,153

TCI-Flatiron

CLO,

Ltd.

2,170,000

2.436%, 

(LIBOR

3M

+

2.200%),

1/17/2032,

Ser.

2016-1A,

Class

CR2

b,g

2,168,366

THL

Credit

Wind

River

CLO,

Ltd.

1,150,000

3.091%, 

(LIBOR

3M

+

2.850%),

7/15/2028,

Ser.

2016-1A,

Class

DR

b,g

1,144,170

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

255

Principal

Amount

Long-Term

Fixed

Income

(53.0%)

Value

Asset-Backed

Securities

(4.5%)

-

continued

VCAT

Asset

Securitization,

LLC

$

300,000

4.826%, 

12/26/2050,

Ser.

2021-NPL1,

Class

A2

g

$

300,218

Total

36,749,171

Basic

Materials

(0.9%)

Air

Products

and

Chemicals,

Inc.

74,000

1.500%, 

10/15/2025

76,611

Alcoa

Nederland

Holding

BV

350,000

5.500%, 

12/15/2027

g

376,345

BWAY

Holding

Company

350,000

5.500%, 

4/15/2024

g

354,228

Cleveland-Cliffs,

Inc.

220,000

5.750%, 

3/1/2025

224,950

200,000

9.875%, 

10/17/2025

g

235,176

EI

du

Pont

de

Nemours

&

Company

136,000

1.700%, 

7/15/2025

141,000

First

Quantum

Minerals,

Ltd.

390,000

7.500%, 

4/1/2025

g

403,174

Freeport-McMoRan,

Inc.

320,000

4.125%, 

3/1/2028

336,576

340,000

4.250%, 

3/1/2030

368,580

Ingevity

Corporation

400,000

3.875%, 

11/1/2028

g

401,044

Kinross

Gold

Corporation

117,000

5.125%, 

9/1/2021

118,800

Kraton

Polymers,

LLC

350,000

4.250%, 

12/15/2025

g

351,750

LYB

International

Finance

III,

LLC

135,000

1.250%, 

10/1/2025

136,217

Mercer

International,

Inc.

260,000

5.125%, 

2/1/2029

g

264,550

Methanex

Corporation

300,000

5.250%, 

12/15/2029

314,063

Mosaic

Company

64,000

3.250%, 

11/15/2022

66,774

Norbord,

Inc.

515,000

5.750%, 

7/15/2027

g

552,981

Novelis

Corporation

570,000

5.875%, 

9/30/2026

g

597,075

140,000

4.750%, 

1/30/2030

g

147,000

Nucor

Corporation

68,000

2.000%, 

6/1/2025

71,365

OCI

NV

390,000

4.625%, 

10/15/2025

g

403,582

Olin

Corporation

500,000

5.125%, 

9/15/2027

518,750

Steel

Dynamics,

Inc.

81,000

2.400%, 

6/15/2025

85,999

Syngenta

Finance

NV

200,000

3.933%, 

4/23/2021

g

200,845

Tronox

Finance

plc

210,000

5.750%, 

10/1/2025

g

215,250

Venator

Finance

SARL

190,000

5.750%, 

7/15/2025

g

187,625

Xstrata

Finance

Canada,

Ltd.

175,000

4.950%, 

11/15/2021

g

181,053

Total

7,331,363

Principal

Amount

Long-Term

Fixed

Income

(53.0%)

Value

Capital

Goods

(1.6%)

AECOM

$

775,000

5.125%, 

3/15/2027

$

866,992

Amsted

Industries,

Inc.

520,000

5.625%, 

7/1/2027

g

548,600

Ardagh

Packaging

Finance

plc

620,000

5.250%, 

8/15/2027

g

642,655

Berry

Global,

Inc.

300,000

4.875%, 

7/15/2026

g

321,150

Boeing

Company

316,000

4.875%, 

5/1/2025

356,710

Caterpillar

Financial

Services

Corporation

187,000

1.900%, 

9/6/2022

191,828

199,000

1.950%, 

11/18/2022

204,766

135,000

1.450%, 

5/15/2025

139,193

Cintas

Corporation

No.

2

174,000

2.900%, 

4/1/2022

178,797

CNH

Industrial

Capital,

LLC

180,000

4.875%, 

4/1/2021

181,296

82,000

1.950%, 

7/2/2023

84,434

Covanta

Holding

Corporation

380,000

6.000%, 

1/1/2027

396,929

90,000

5.000%, 

9/1/2030

94,500

Crown

Americas

Capital

Corporation

IV

265,000

4.500%, 

1/15/2023

277,919

Crown

Cork

&

Seal

Company,

Inc.

430,000

7.375%, 

12/15/2026

522,450

General

Electric

Company

430,000

3.554%, 

(LIBOR

3M

+

3.330%),

3/15/2021

b,i

406,152

GFL

Environmental,

Inc.

90,000

4.000%, 

8/1/2028

g

89,100

400,000

3.500%, 

9/1/2028

g

393,628

H&E

Equipment

Services,

Inc.

470,000

3.875%, 

12/15/2028

g

467,720

Honeywell

International,

Inc.

135,000

1.350%, 

6/1/2025

139,024

Howmet

Aerospace,

Inc.

340,000

6.875%, 

5/1/2025

396,100

Huntington

Ingalls

Industries,

Inc.

141,000

3.844%, 

5/1/2025

157,366

Jeld-Wen,

Inc.

320,000

4.625%, 

12/15/2025

g

326,400

John

Deere

Capital

Corporation

205,000

1.200%, 

4/6/2023

208,806

199,000

2.050%, 

1/9/2025

j

210,514

Otis

Worldwide

Corporation

201,000

2.056%, 

4/5/2025

211,757

Owens-Brockway

Glass

Container,

Inc.

240,000

5.875%, 

8/15/2023

g

256,800

PACCAR

Financial

Corporation

141,000

2.650%, 

4/6/2023

148,177

Parker-Hannifin

Corporation

250,000

2.700%, 

6/14/2024

267,685

Raytheon

Technologies

Corporation

126,000

2.800%, 

3/15/2022

129,339

Republic

Services,

Inc.

127,000

2.500%, 

8/15/2024

135,157

Reynolds

Group

Issuer,

Inc.

28,000

5.125%, 

7/15/2023

g

28,347

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

256

Principal

Amount

Long-Term

Fixed

Income

(53.0%)

Value

Capital

Goods

(1.6%)

-

continued

Roper

Technologies,

Inc.

$

124,000

2.350%, 

9/15/2024

$

131,342

135,000

1.000%, 

9/15/2025

135,779

SRM

Escrow

Issuer,

LLC

420,000

6.000%, 

11/1/2028

g

441,336

Standard

Industries,

Inc.

670,000

4.375%, 

7/15/2030

g

711,038

TransDigm,

Inc.

240,000

6.250%, 

3/15/2026

g

253,848

660,000

5.500%, 

11/15/2027

677,292

70,000

4.625%, 

1/15/2029

g

69,519

United

Rentals

North

America,

Inc.

885,000

4.000%, 

7/15/2030

933,410

United

Technologies

Corporation

235,000

3.950%, 

8/16/2025

267,542

WESCO

Distribution,

Inc.

300,000

7.250%, 

6/15/2028

g

337,010

WW

Grainger,

Inc.

137,000

1.850%, 

2/15/2025

143,260

Total

13,081,667

Collateralized

Mortgage

Obligations

(7.3%)

Antler

Mortgage

Trust

379,994

4.458%, 

6/27/2022,

Ser.

2019-RTL1,

Class

A1

g

380,163

782,088

4.335%, 

7/25/2022,

Ser.

2018-RTL1,

Class

A1

g

783,507

Banc

of

America

Alternative

Loan

Trust

619,392

6.000%, 

11/25/2035,

Ser.

2005-10,

Class

3CB1

592,216

Banc

of

America

Funding

Trust

696,369

5.500%, 

1/25/2036,

Ser.

2005-8,

Class

1A1

676,343

Banc

of

America

Mortgage

Securities

Trust

525,191

2.500%, 

9/25/2035,

Ser.

2005-H,

Class

3A1

b

523,164

157,455

2.998%, 

9/25/2035,

Ser.

2005-H,

Class

2A1

b

152,599

Bellemeade

Re,

Ltd.

882,261

1.730%, 

(LIBOR

1M

+

1.600%),

4/25/2028,

Ser.

2018-1A,

Class

M1B

b,g

883,102

252,455

2.780%, 

(LIBOR

1M

+

2.650%),

6/25/2030,

Ser.

2020-1A,

Class

M1A

b,g

253,059

1,100,000

3.530%, 

(LIBOR

1M

+

3.400%),

6/25/2030,

Ser.

2020-1A,

Class

M1B

b,g

1,110,805

900,000

2.430%, 

(LIBOR

1M

+

2.300%),

8/26/2030,

Ser.

2020-2A,

Class

M1A

b,g

902,323

BRAVO

Residential

Funding

Trust

875,000

1.991%, 

1/25/2024,

Ser.

2021-A,

Class

A1

g,h

874,986

Business

Jet

Securities,

LLC

577,312

2.981%, 

11/15/2035,

Ser.

2020-1A,

Class

A

g

585,905

Cascade

Funding

Mortgage

Trust

456,844

4.580%, 

6/25/2048,

Ser.

2018-RM1,

Class

A1

g

457,974

Principal

Amount

Long-Term

Fixed

Income

(53.0%)

Value

Collateralized

Mortgage

Obligations

(7.3%)

-

continued

CHL

Mortgage

Pass-Through

Trust

$

431,806

2.732%, 

12/20/2035,

Ser.

2005-HYB8,

Class

3A1

b

$

438,947

282,312

6.000%, 

4/25/2037,

Ser.

2007-3,

Class

A18

208,240

188,208

6.000%, 

4/25/2037,

Ser.

2007-3,

Class

A33

138,827

1,007,043

6.000%, 

11/25/2037,

Ser.

2007-18,

Class

1A2

786,893

CIM

Trust

628,542

5.000%, 

12/25/2057,

Ser.

2018-R3,

Class

A1

b,g

668,725

Citigroup

Mortgage

Loan

Trust,

Inc.

1,159,704

3.461%, 

4/25/2037,

Ser.

2007-AR5,

Class

1A1A

b

1,152,715

Countrywide

Alternative

Loan

Trust

431,050

5.000%, 

3/25/2035,

Ser.

2005-3CB,

Class

1A1

428,335

556,249

5.500%, 

5/25/2035,

Ser.

2005-J3,

Class

1A5

515,759

525,796

5.500%, 

10/25/2035,

Ser.

2005-46CB,

Class

A8

490,059

267,799

6.500%, 

8/25/2036,

Ser.

2006-23CB,

Class

2A3

145,728

203,688

7.000%, 

10/25/2037,

Ser.

2007-24,

Class

A10

110,935

Countrywide

Home

Loan

Mortgage

Pass

Through

Trust

293,613

2.711%, 

11/25/2035,

Ser.

2005-22,

Class

2A1

b

279,477

Credit

Suisse

First

Boston

Mortgage

Securities

Corporation

109,167

5.250%, 

10/25/2035,

Ser.

2005-9,

Class

1A3

109,146

Deutsche

Alt-A

Securities,

Inc.,

Mortgage

Loan

Trust

779,334

5.250%, 

6/25/2035,

Ser.

2005-3,

Class

4A6

798,157

Eagle

Re,

Ltd.

300,782

1.930%, 

(LIBOR

1M

+

1.800%),

4/25/2029,

Ser.

2019-1,

Class

M1B

b,g

301,183

Federal

Home

Loan

Mortgage

Corporation

2,124,404

3.500%, 

8/15/2035,

Ser.

345,

Class

C8

k

230,653

Federal

Home

Loan

Mortgage

Corporation

-

REMIC

1,678,233

3.000%, 

5/15/2027,

Ser.

4046,

Class

GI

k

91,251

1,371,776

3.000%, 

7/15/2027,

Ser.

4084,

Class

NI

k

84,258

2,240,805

3.500%, 

10/15/2032,

Ser.

4119,

Class

KI

k

271,137

2,876,943

3.000%, 

4/15/2033,

Ser.

4203,

Class

DI

k

210,744

Federal

National

Mortgage

Association

-

REMIC

1,336,928

3.000%, 

7/25/2027,

Ser.

2012-73,

Class

DI

k

72,269

1,948,982

3.000%, 

7/25/2027,

Ser.

2012-74,

Class

AI

k

94,328

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

257

Principal

Amount

Long-Term

Fixed

Income

(53.0%)

Value

Collateralized

Mortgage

Obligations

(7.3%)

-

continued

$

3,248,476

3.000%, 

8/25/2027,

Ser.

2012-95,

Class

HI

k

$

154,021

4,658,690

3.000%, 

11/25/2027,

Ser.

2012-121,

Class

BI

k

292,565

2,652,198

3.000%, 

12/25/2027,

Ser.

2012-139,

Class

DI

k

137,432

1,298,276

2.500%, 

1/25/2028,

Ser.

2012-152,

Class

AI

k

68,135

3,364,570

3.000%, 

1/25/2028,

Ser.

2012-147,

Class

EI

k

178,105

1,009,491

3.000%, 

2/25/2028,

Ser.

2013-2,

Class

GI

k

60,315

5,371,476

3.000%, 

3/25/2028,

Ser.

2013-18,

Class

IL

k

285,447

1,971,179

2.500%, 

6/25/2028,

Ser.

2013-87,

Class

IW

k

109,865

2,709,840

3.000%, 

11/25/2031,

Ser.

2013-69,

Class

IO

k

134,524

1,498,618

3.000%, 

2/25/2033,

Ser.

2013-1,

Class

YI

k

166,669

First

Horizon

Alternative

Mortgage

Securities

Trust

257,532

2.507%, 

7/25/2035,

Ser.

2005-AA5,

Class

2A1

b

249,576

FWD

Securitization

Trust

1,369,562

2.810%, 

6/25/2049,

Ser.

2019-INV1,

Class

A1

b,g

1,422,276

Genworth

Mortgage

Insurance

Corporation

725,000

2.030%, 

(LIBOR

1M

+

1.900%),

11/26/2029,

Ser.

2019-1,

Class

M1

b,g

725,992

GMAC

Mortgage

Corporation

Loan

Trust

235,380

3.660%, 

5/25/2035,

Ser.

2005-AR2,

Class

4A

b

235,200

55,466

0.630%, 

(LIBOR

1M

+

0.500%),

8/25/2035,

Ser.

2005-HE1,

Class

A2

b,l

66,391

67,641

3.496%, 

9/19/2035,

Ser.

2005-AR5,

Class

5A1

b

62,772

Greenpoint

Mortgage

Funding

Trust

198,300

0.330%, 

(LIBOR

1M

+

0.200%),

10/25/2045,

Ser.

2005-AR4,

Class

G41B

b

179,738

Home

Equity

Asset

Trust

941,254

1.450%, 

(LIBOR

1M

+

1.320%),

8/25/2033,

Ser.

2003-2,

Class

M1

b

948,958

IndyMac

INDA

Mortgage

Loan

Trust

2,520,944

3.111%, 

8/25/2036,

Ser.

2006-AR1,

Class

A1

b

2,407,031

IndyMac

INDX

Mortgage

Loan

Trust

2,192,368

0.550%, 

(LIBOR

1M

+

0.420%),

4/25/2046,

Ser.

2006-AR2,

Class

1A1B

b

2,055,121

J.P.

Morgan

Alternative

Loan

Trust

554,496

3.524%, 

3/25/2036,

Ser.

2006-A1,

Class

2A1

b

525,954

367,178

6.500%, 

3/25/2036,

Ser.

2006-S1,

Class

1A19

292,421

Principal

Amount

Long-Term

Fixed

Income

(53.0%)

Value

Collateralized

Mortgage

Obligations

(7.3%)

-

continued

J.P.

Morgan

Mortgage

Trust

$

398,358

2.890%, 

7/25/2035,

Ser.

2007-A1,

Class

2A1

b

$

406,281

Legacy

Mortgage

Asset

Trust

1,485,349

3.250%, 

2/25/2060,

Ser.

2020-GS4,

Class

A1

g,h

1,517,339

Lehman

Mortgage

Trust

80,364

6.000%, 

1/25/2036,

Ser.

2005-3,

Class

2A7

85,341

Long

Beach

Mortgage

Loan

Trust

930,617

1.630%, 

(LIBOR

1M

+

1.500%),

9/25/2034,

Ser.

2004-5,

Class

M3

b

945,064

Master

Asset

Securitization

Trust

691,360

0.630%, 

(LIBOR

1M

+

0.500%),

6/25/2036,

Ser.

2006-2,

Class

2A2

b

156,749

Merrill

Lynch

Alternative

Note

Asset

Trust

330,515

6.000%, 

3/25/2037,

Ser.

2007-F1,

Class

2A1

211,155

Merrill

Lynch

Mortgage

Investors

Trust

700,896

3.512%, 

6/25/2035,

Ser.

2005-A5,

Class

M1

b

399,663

New

Residential

Mortgage

Loan

Trust

611,396

4.335%, 

7/25/2060,

Ser.

2020-NPL1,

Class

A1

g,h

621,112

New

York

Mortgage

Trust

532,265

2.944%, 

10/25/2060,

Ser.

2020-SP2,

Class

A1

b,g

535,598

Oaktown

Re

II,

Ltd.

154,915

1.680%, 

(LIBOR

1M

+

1.550%),

7/25/2028,

Ser.

2018-1A,

Class

M1

b,g

155,019

Oaktown

Re

III,

Ltd.

103,337

1.530%, 

(LIBOR

1M

+

1.400%),

7/25/2029,

Ser.

2019-1A,

Class

M1A

b,g

103,361

Preston

Ridge

Partners

Mortgage

Trust,

LLC

1,393,950

3.500%, 

10/25/2024,

Ser.

2019-GS1,

Class

A1

b,g

1,411,406

1,139,759

4.750%, 

10/25/2024,

Ser.

2019-GS1,

Class

A2

b,g

1,144,290

455,556

3.351%, 

11/25/2024,

Ser.

2019-4A,

Class

A1

g,h

457,614

891,482

3.671%, 

8/25/2025,

Ser.

2020-2,

Class

A1

g,h

900,478

Pretium

Mortgage

Credit

Partners,

LLC

944,939

2.858%, 

5/27/2059,

Ser.

2020-NPL1,

Class

A1

g,h

948,497

Radnor

RE,

Ltd.

109,906

1.530%, 

(LIBOR

1M

+

1.400%),

3/25/2028,

Ser.

2018-1,

Class

M1

b,g

109,914

RCO

Mortgage,

LLC

808,918

3.475%, 

11/25/2024,

Ser.

2019-2,

Class

A1

g,h

810,968

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

258

Principal

Amount

Long-Term

Fixed

Income

(53.0%)

Value

Collateralized

Mortgage

Obligations

(7.3%)

-

continued

Residential

Accredit

Loans,

Inc.

Trust

$

507,658

6.000%, 

8/25/2035,

Ser.

2005-QS10,

Class

2A

$

504,602

305,137

5.750%, 

9/25/2035,

Ser.

2005-QS13,

Class

2A3

305,341

242,974

6.000%, 

1/25/2037,

Ser.

2007-QS1,

Class

1A1

237,477

757,423

5.750%, 

4/25/2037,

Ser.

2007-QS6,

Class

A28

726,354

301,927

6.250%, 

4/25/2037,

Ser.

2007-QS6,

Class

A6

297,441

Residential

Asset

Securitization

Trust

281,036

6.204%, 

8/25/2022,

Ser.

2007-A8,

Class

3A1

b

196,564

1,279,082

5.500%, 

4/25/2035,

Ser.

2005-A1,

Class

A3

1,334,914

Residential

Funding

Mortgage

Security

I

Trust

346,714

6.000%, 

7/25/2037,

Ser.

2007-S7,

Class

A20

326,766

Sequoia

Mortgage

Trust

329,133

3.116%, 

9/20/2046,

Ser.

2007-1,

Class

4A1

b

256,647

Silver

Hill

Trust

1,122,901

3.102%, 

11/25/2049,

Ser.

2019-SBC1,

Class

A1

b,g

1,172,270

Stanwich

Mortgage

Loan

Trust

590,553

3.475%, 

11/16/2024,

Ser.

2019-NPB2,

Class

A1

g,h

593,488

Starwood

Mortgage

Residential

Trust

598,855

4.121%, 

10/25/2048,

Ser.

2018-IMC2,

Class

A1

b,g

622,732

1,375,000

3.970%, 

4/25/2060,

Ser.

2020-2,

Class

A2

b,g

1,452,869

Structured

Adjustable

Rate

Mortgage

Loan

Trust

166,832

3.203%, 

7/25/2035,

Ser.

2005-15,

Class

4A1

b

154,138

Structured

Asset

Mortgage

Investments,

Inc.

399,282

0.750%, 

(LIBOR

1M

+

0.620%),

12/25/2035,

Ser.

2005-AR4,

Class

A1

b

380,729

Toorak

Mortgage

Corporation

1,095,664

4.336%, 

8/25/2021,

Ser.

2018-1,

Class

A1

g,h

1,098,489

1,500,000

2.734%, 

3/25/2023,

Ser.

2020-1,

Class

A1

g,h

1,505,214

Vericrest

Opportunity

Loan

Transferee

1,000,000

3.475%, 

3/25/2050,

Ser.

2020-NPL5,

Class

A1B

g,h

998,610

3,700,000

4.090%, 

11/25/2049,

Ser.

2019-NPL8,

Class

A1B

g,h

3,703,074

2,200,000

4.090%, 

11/26/2049,

Ser.

2019-NPL9,

Class

A1B

g,h

2,201,827

199,806

3.426%, 

12/27/2049,

Ser.

2019-NP10,

Class

A1A

g,h

200,386

Vericrest

Opportunity

Loan

Trust

448,412

3.967%, 

2/25/2049,

Ser.

2019-NPL2,

Class

A1

g,h

449,759

Principal

Amount

Long-Term

Fixed

Income

(53.0%)

Value

Collateralized

Mortgage

Obligations

(7.3%)

-

continued

Verus

Securitization

Trust

$

813,447

3.345%, 

5/25/2059,

Ser.

2019-2,

Class

A2

b,g

$

820,091

Wachovia

Asset

Securitization,

Inc.

554,467

0.270%, 

(LIBOR

1M

+

0.140%),

7/25/2037,

Ser.

2007-HE1,

Class

A

b,g,l

510,431

WaMu

Mortgage

Pass

Through

Certificates

341,652

3.037%, 

10/25/2036,

Ser.

2006-AR12,

Class

1A1

b

339,293

778,733

1.379%, 

(12

MTA

+

0.880%),

10/25/2046,

Ser.

2006-AR13,

Class

1A

b

724,181

Washington

Mutual

Mortgage

Pass-Through

Certificates

482,017

6.000%, 

3/25/2035,

Ser.

2005-1,

Class

2A

480,717

Wells

Fargo

Home

Equity

Trust

349,652

0.880%, 

(LIBOR

1M

+

0.750%),

4/25/2034,

Ser.

2004-1,

Class

M1

b

338,665

Total

59,415,338

Commercial

Mortgage-Backed

Securities

(0.6%)

BFLD

Trust

1,100,000

1.826%, 

(LIBOR

1M

+

1.700%),

10/15/2035,

Ser.

2020-EYP,

Class

B

b,g

1,111,657

Federal

National

Mortgage

Association

-

ACES

32,425,275

1.466%, 

2/25/2031,

Ser.

2019-M21,

Class

X2

b,k

3,416,752

Total

4,528,409

Communications

Services

(2.8%)

Altice

France

SA

360,000

5.500%, 

1/15/2028

g

374,850

AMC

Networks,

Inc.

340,000

4.250%, 

2/15/2029

d

338,473

American

Tower

Corporation

184,000

3.375%, 

5/15/2024

199,284

126,000

2.950%, 

1/15/2025

135,911

136,000

4.400%, 

2/15/2026

156,254

AT&T,

Inc.

496,000

4.450%, 

4/1/2024

551,646

Cable

One,

Inc.

140,000

4.000%, 

11/15/2030

g

143,637

CCO

Holdings,

LLC

500,000

5.500%, 

5/1/2026

g

517,855

360,000

5.125%, 

5/1/2027

g

378,526

230,000

4.500%, 

8/15/2030

g

242,218

CCOH

Safari,

LLC

840,000

5.750%, 

2/15/2026

g

866,712

Charter

Communications

Operating,

LLC

197,000

4.500%, 

2/1/2024

218,225

271,000

4.908%, 

7/23/2025

312,412

Comcast

Corporation

118,000

3.700%, 

4/15/2024

129,735

118,000

3.950%, 

10/15/2025

134,526

Cox

Communications,

Inc.

186,000

2.950%, 

6/30/2023

g

195,630

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

259

Principal

Amount

Long-Term

Fixed

Income

(53.0%)

Value

Communications

Services

(2.8%)

-

continued

Crown

Castle

International

Corporation

$

124,000

4.450%, 

2/15/2026

$

142,658

CSC

Holdings,

LLC

945,000

5.500%, 

5/15/2026

g

980,163

60,000

5.500%, 

4/15/2027

g

63,282

60,000

4.125%, 

12/1/2030

g

61,344

140,000

4.625%, 

12/1/2030

g

142,800

Cumulus

Media

New

Holdings,

Inc.

250,000

6.750%, 

7/1/2026

g

253,750

Deutsche

Telekom

International

Finance

BV

127,000

2.485%, 

9/19/2023

g

133,189

Discovery

Communications,

LLC

122,000

2.950%, 

3/20/2023

128,131

Embarq

Corporation

370,000

7.995%, 

6/1/2036

453,376

Entercom

Media

Corporation

230,000

6.500%, 

5/1/2027

g

235,750

Fox

Corporation

242,000

4.030%, 

1/25/2024

266,293

Front

Range

BidCo,

Inc.

560,000

4.000%, 

3/1/2027

g

561,579

Frontier

Communications

Corporation

210,000

5.875%, 

10/15/2027

g

225,687

GCI,

LLC

270,000

4.750%, 

10/15/2028

g

281,391

Hughes

Satellite

Systems

Corporation

220,000

6.625%, 

8/1/2026

248,831

iHeartCommunications,

Inc.

260,000

4.750%, 

1/15/2028

g

265,525

LCPR

Senior

Secured

Financing

DAC

240,000

6.750%, 

10/15/2027

g

258,055

Level

3

Financing,

Inc.

490,000

5.250%, 

3/15/2026

505,288

265,000

4.625%, 

9/15/2027

g

275,311

480,000

4.250%, 

7/1/2028

g

491,861

Meredith

Corporation

370,000

6.500%, 

7/1/2025

g

391,738

Netflix,

Inc.

885,000

4.875%, 

4/15/2028

1,035,954

Nexstar

Escrow

Corporation

460,000

5.625%, 

7/15/2027

g

488,272

Nielsen

Finance,

LLC

120,000

5.625%, 

10/1/2028

g

128,240

SBA

Communications

Corporation

280,000

3.875%, 

2/15/2027

292,407

260,000

3.125%, 

2/1/2029

g

259,350

Scripps

Escrow

II,

Inc.

190,000

3.875%, 

1/15/2029

g

190,000

SFR

Group

SA

570,000

7.375%, 

5/1/2026

g

596,192

Sinclair

Television

Group,

Inc.

400,000

5.500%, 

3/1/2030

g

412,244

Sirius

XM

Radio,

Inc.

800,000

5.000%, 

8/1/2027

g

840,828

240,000

4.125%, 

7/1/2030

g

247,294

Sprint

Capital

Corporation

370,000

6.875%, 

11/15/2028

474,988

Principal

Amount

Long-Term

Fixed

Income

(53.0%)

Value

Communications

Services

(2.8%)

-

continued

$

190,000

8.750%, 

3/15/2032

$

290,225

Sprint

Corporation

905,000

7.625%, 

2/15/2025

1,081,475

T-Mobile

USA,

Inc.

231,000

3.500%, 

4/15/2025

g

253,221

280,000

2.625%, 

2/15/2029

281,016

280,000

2.875%, 

2/15/2031

282,276

United

States

Cellular

Corporation

240,000

6.700%, 

12/15/2033

310,223

Univision

Communications,

Inc.

480,000

6.625%, 

6/1/2027

g

505,200

VeriSign,

Inc.

200,000

4.750%, 

7/15/2027

212,518

Verizon

Communications,

Inc.

287,000

2.946%, 

3/15/2022

295,530

252,000

1.321%, 

(LIBOR

3M

+

1.100%),

5/15/2025

b

259,310

273,000

0.850%, 

11/20/2025

272,996

Viacom,

Inc.

178,000

4.250%, 

9/1/2023

193,024

107,000

5.875%, 

2/28/2057

b

109,943

ViaSat,

Inc.

390,000

5.625%, 

9/15/2025

g

398,892

Virgin

Media

Secured

Finance

plc

490,000

5.500%, 

8/15/2026

g

511,438

Vodafone

Group

plc

189,000

3.750%, 

1/16/2024

206,279

VTR

Finance

NV

170,000

6.375%, 

7/15/2028

g

184,051

Walt

Disney

Company

134,000

1.750%, 

1/13/2026

139,811

Ziggo

BV

550,000

5.500%, 

1/15/2027

g

573,323

Total

22,588,416

Consumer

Cyclical

(2.9%)

1011778

B.C.,

ULC

740,000

4.375%, 

1/15/2028

g

754,800

Allied

Universal

Holdco,

LLC

280,000

6.625%, 

7/15/2026

g

299,936

Allison

Transmission,

Inc

380,000

3.750%, 

1/30/2031

g

377,902

Amazon.com,

Inc.

136,000

0.800%, 

6/3/2025

137,364

American

Axle

&

Manufacturing,

Inc.

450,000

6.500%, 

4/1/2027

j

470,722

American

Honda

Finance

Corporation

187,000

2.050%, 

1/10/2023

193,108

135,000

0.650%, 

9/8/2023

135,947

135,000

1.200%, 

7/8/2025

137,455

BMW

Finance

NV

125,000

2.250%, 

8/12/2022

g

128,541

Brookfield

Property

REIT,

Inc.

150,000

5.750%, 

5/15/2026

g

155,682

Brookfield

Residential

Properties,

Inc.

560,000

6.250%, 

9/15/2027

g

590,800

Carnival

Corporation

270,000

11.500%, 

4/1/2023

g

306,339

190,000

10.500%, 

2/1/2026

g

220,400

90,000

7.625%, 

3/1/2026

g

95,175

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

260

Principal

Amount

Long-Term

Fixed

Income

(53.0%)

Value

Consumer

Cyclical

(2.9%)

-

continued

Cedar

Fair,

LP

$

310,000

5.250%, 

7/15/2029

$

310,282

Colt

Merger

Sub,

Inc.

570,000

6.250%, 

7/1/2025

g

600,732

D.R.

Horton,

Inc.

69,000

2.600%, 

10/15/2025

73,903

Daimler

Finance

North

America,

LLC

124,000

2.550%, 

8/15/2022

g

127,980

Dana,

Inc.

380,000

5.625%, 

6/15/2028

405,173

Empire

Communities

Corporation

220,000

7.000%, 

12/15/2025

g

232,254

Ford

Motor

Company

160,000

9.000%, 

4/22/2025

195,000

90,000

9.625%, 

4/22/2030

127,547

410,000

7.450%, 

7/16/2031

523,775

Ford

Motor

Credit

Company,

LLC

880,000

4.063%, 

11/1/2024

916,203

715,000

4.134%, 

8/4/2025

750,832

Gap,

Inc.

180,000

8.625%, 

5/15/2025

g

201,546

General

Motors

Company

225,000

5.400%, 

10/2/2023

251,651

143,000

6.125%, 

10/1/2025

172,252

General

Motors

Financial

Company,

Inc.

174,000

4.375%, 

9/25/2021

178,416

118,000

4.200%, 

11/6/2021

121,322

116,000

3.150%, 

6/30/2022

119,872

245,000

3.950%, 

4/13/2024

266,771

199,000

2.900%, 

2/26/2025

212,014

135,000

2.750%, 

6/20/2025

143,473

150,000

5.700%, 

9/30/2030

b,i

168,563

Hanesbrands,

Inc.

460,000

4.875%, 

5/15/2026

g

497,950

Harley-Davidson

Financial

Services,

Inc.

211,000

4.050%, 

2/4/2022

g

218,292

Herc

Holdings,

Inc.

270,000

5.500%, 

7/15/2027

g

284,634

Hilton

Domestic

Operating

Company,

Inc.

140,000

5.125%, 

5/1/2026

145,138

710,000

4.875%, 

1/15/2030

765,327

Home

Depot,

Inc.

140,000

3.750%, 

2/15/2024

153,225

Hyundai

Capital

America

189,000

3.000%, 

6/20/2022

g

194,648

135,000

1.800%, 

10/15/2025

g

138,001

International

Game

Technology

plc

385,000

5.250%, 

1/15/2029

g

410,988

KB

Home

310,000

4.800%, 

11/15/2029

341,453

Kohl's

Corporation

176,000

9.500%, 

5/15/2025

227,649

L

Brands,

Inc.

390,000

6.625%, 

10/1/2030

g

436,576

100,000

6.875%, 

11/1/2035

115,929

Landry's,

Inc.

280,000

6.750%, 

10/15/2024

g

280,644

Lennar

Corporation

66,000

4.125%, 

1/15/2022

67,337

Principal

Amount

Long-Term

Fixed

Income

(53.0%)

Value

Consumer

Cyclical

(2.9%)

-

continued

$

201,000

4.875%, 

12/15/2023

$

221,603

67,000

5.875%, 

11/15/2024

77,484

138,000

4.750%, 

5/30/2025

157,404

Live

Nation

Entertainment,

Inc.

190,000

3.750%, 

1/15/2028

g

191,702

Lowe's

Companies,

Inc.

140,000

4.000%, 

4/15/2025

158,118

Marriott

International,

Inc.

271,000

3.750%, 

10/1/2025

292,790

Mattamy

Group

Corporation

570,000

5.250%, 

12/15/2027

g

599,925

McDonald's

Corporation

248,000

3.350%, 

4/1/2023

263,200

MGM

Resorts

International

190,000

6.000%, 

3/15/2023

202,825

450,000

5.750%, 

6/15/2025

492,446

Nissan

Motor

Company,

Ltd.

135,000

3.043%, 

9/15/2023

g

141,793

Norwegian

Cruise

Line

Holdings,

Ltd.

180,000

10.250%, 

2/1/2026

g

208,800

PetSmart,

Inc.

220,000

4.750%, 

2/15/2028

224,950

Prime

Security

Services

Borrower,

LLC

750,000

5.750%, 

4/15/2026

g

821,100

140,000

3.375%, 

8/31/2027

g

138,186

Ralph

Lauren

Corporation

136,000

1.700%, 

6/15/2022

138,330

Realogy

Group,

LLC

240,000

5.750%, 

1/15/2029

g

245,100

Royal

Caribbean

Cruises,

Ltd.

370,000

9.125%, 

6/15/2023

g

399,138

140,000

11.500%, 

6/1/2025

g

161,424

Scientific

Games

International,

Inc.

430,000

5.000%, 

10/15/2025

g

442,934

SeaWorld

Parks

and

Entertainment,

Inc.

190,000

9.500%, 

8/1/2025

g

203,775

Six

Flags

Entertainment

Corporation

200,000

5.500%, 

4/15/2027

g,j

201,850

Six

Flags

Theme

Parks,

Inc.

170,000

7.000%, 

7/1/2025

g

183,175

Staples,

Inc.

510,000

7.500%, 

4/15/2026

g

520,246

Target

Corporation

140,000

2.250%, 

4/15/2025

149,173

Tenneco,

Inc.

190,000

5.000%, 

7/15/2026

175,275

TJX

Companies,

Inc.

141,000

3.500%, 

4/15/2025

156,567

Toll

Brothers

Finance

Corporation

274,000

5.875%, 

2/15/2022

284,960

Toyota

Motor

Credit

Corporation

206,000

0.450%, 

1/11/2024

206,333

271,000

0.800%, 

10/16/2025

272,515

VF

Corporation

152,000

2.050%, 

4/23/2022

155,199

Volkswagen

Group

of

America

Finance,

LLC

200,000

4.250%, 

11/13/2023

g

219,535

68,000

3.350%, 

5/13/2025

g

74,502

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

261

Principal

Amount

Long-Term

Fixed

Income

(53.0%)

Value

Consumer

Cyclical

(2.9%)

-

continued

Wyndham

Destinations,

Inc.

$

230,000

6.625%, 

7/31/2026

g

$

256,864

Wyndham

Hotels

&

Resorts,

Inc.

140,000

4.375%, 

8/15/2028

g

141,400

Yum!

Brands,

Inc.

600,000

4.750%, 

1/15/2030

g

643,500

ZF

North

America

Capital,

Inc.

190,000

4.750%, 

4/29/2025

g

206,082

Total

24,011,726

Consumer

Non-Cyclical

(2.9%)

Abbott

Laboratories

234,000

2.550%, 

3/15/2022

239,932

123,000

3.400%, 

11/30/2023

132,798

AbbVie,

Inc.

117,000

2.900%, 

11/6/2022

122,060

246,000

2.300%, 

11/21/2022

254,209

126,000

2.800%, 

3/15/2023

131,176

555,000

3.600%, 

5/14/2025

615,187

Albertson's

Companies,

Inc.

570,000

3.500%, 

3/15/2029

g

562,875

170,000

4.875%, 

2/15/2030

g

181,694

Altria

Group,

Inc.

204,000

3.800%, 

2/14/2024

222,446

124,000

4.400%, 

2/14/2026

142,895

Amgen,

Inc.

201,000

1.900%, 

2/21/2025

210,729

Anheuser-Busch

Companies,

LLC

124,000

3.650%, 

2/1/2026

139,136

Anheuser-Busch

InBev

Worldwide,

Inc.

178,000

4.150%, 

1/23/2025

201,273

Anthem,

Inc.

210,000

2.375%, 

1/15/2025

222,851

Aramark

Services,

Inc.

180,000

6.375%, 

5/1/2025

g

191,358

AstraZeneca

plc

135,000

0.700%, 

4/8/2026

133,114

BAT

Capital

Corporation

178,000

3.222%, 

8/15/2024

192,109

BAT

International

Finance

plc

135,000

1.668%, 

3/25/2026

137,094

Bausch

Health

Companies,

Inc.

90,000

5.000%, 

1/30/2028

g

92,727

420,000

5.000%, 

2/15/2029

g

429,935

Bayer

U.S.

Finance

II,

LLC

225,000

3.500%, 

6/25/2021

g

227,281

Boston

Scientific

Corporation

280,000

3.450%, 

3/1/2024

302,949

Bristol-Myers

Squibb

Company

178,000

3.625%, 

5/15/2024

195,119

Bunge,

Ltd.

Finance

Corporation

162,000

1.630%, 

8/17/2025

165,919

Cargill,

Inc.

141,000

1.375%, 

7/23/2023

g

144,576

Centene

Corporation

200,000

5.375%, 

8/15/2026

g

209,750

190,000

4.250%, 

12/15/2027

200,998

280,000

4.625%, 

12/15/2029

310,437

570,000

3.000%, 

10/15/2030

596,191

Central

Garden

&

Pet

Company

330,000

4.125%, 

10/15/2030

344,984

Principal

Amount

Long-Term

Fixed

Income

(53.0%)

Value

Consumer

Non-Cyclical

(2.9%)

-

continued

Cigna

Corporation

$

235,000

4.125%, 

11/15/2025

$

269,541

Community

Health

Systems,

Inc.

190,000

6.000%, 

1/15/2029

g

201,875

360,000

6.875%, 

4/15/2029

d,g

364,050

Conagra

Brands,

Inc.

118,000

4.300%, 

5/1/2024

131,365

Constellation

Brands,

Inc.

252,000

4.250%, 

5/1/2023

272,623

CVS

Health

Corporation

117,000

2.750%, 

12/1/2022

121,352

165,000

3.700%, 

3/9/2023

175,975

252,000

4.100%, 

3/25/2025

284,618

DaVita,

Inc.

430,000

4.625%, 

6/1/2030

g

451,638

Diageo

Capital

plc

161,000

1.375%, 

9/29/2025

165,329

Edgewell

Personal

Care

Company

180,000

5.500%, 

6/1/2028

g

192,551

Encompass

Health

Corporation

565,000

4.500%, 

2/1/2028

588,306

Energizer

Holdings,

Inc.

600,000

4.375%, 

3/31/2029

g

613,500

General

Mills,

Inc.

126,000

3.700%, 

10/17/2023

136,810

126,000

3.650%, 

2/15/2024

136,794

H.

J.

Heinz

Company

90,000

5.200%, 

7/15/2045

104,672

HCA,

Inc.

1,170,000

5.375%, 

2/1/2025

1,313,606

HLF

Financing

SARL,

LLC

280,000

7.250%, 

8/15/2026

g

295,662

Imperial

Brands

Finance

plc

127,000

3.125%, 

7/26/2024

g

135,538

JBS

USA,

LLC

80,000

5.500%, 

1/15/2030

g

90,872

Kraft

Foods

Group,

Inc.

440,000

5.000%, 

6/4/2042

508,543

Kraft

Heinz

Foods

Company

640,000

4.625%, 

1/30/2029

731,060

670,000

3.750%, 

4/1/2030

719,205

80,000

4.250%, 

3/1/2031

89,993

Kroger

Company

122,000

2.800%, 

8/1/2022

126,313

McKesson

Corporation

136,000

0.900%, 

12/3/2025

135,738

Medtronic,

Inc.

48,000

3.500%, 

3/15/2025

53,510

Molina

Healthcare,

Inc.

330,000

4.375%, 

6/15/2028

g

343,850

Mondelez

International,

Inc.

77,000

2.125%, 

4/13/2023

79,758

MPH

Acquisition

Holdings,

LLC

190,000

5.750%, 

11/1/2028

g,j

188,337

Mylan

NV

173,000

3.150%, 

6/15/2021

174,346

Mylan,

Inc.

127,000

4.200%, 

11/29/2023

138,345

Novartis

Capital

Corporation

133,000

1.750%, 

2/14/2025

138,936

Par

Pharmaceutical,

Inc.

360,000

7.500%, 

4/1/2027

g

388,195

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

262

Principal

Amount

Long-Term

Fixed

Income

(53.0%)

Value

Consumer

Non-Cyclical

(2.9%)

-

continued

PepsiCo,

Inc.

$

206,000

2.250%, 

3/19/2025

$

219,384

Philip

Morris

International,

Inc.

215,000

1.500%, 

5/1/2025

221,965

Pilgrim's

Pride

Corporation

500,000

5.875%, 

9/30/2027

g

532,100

QBE

Insurance

Group,

Ltd.

156,000

5.875%, 

5/12/2025

b,g,i

169,634

Reynolds

American,

Inc.

126,000

4.850%, 

9/15/2023

139,973

Royalty

Pharma

plc

136,000

1.200%, 

9/2/2025

g

137,073

Scotts

Miracle-Gro

Company

410,000

4.500%, 

10/15/2029

439,725

SEG

Holding,

LLC

380,000

5.625%, 

10/15/2028

g

405,080

Simmons

Foods,

Inc.

285,000

5.750%, 

11/1/2024

g

293,194

Spectrum

Brands,

Inc.

180,000

5.000%, 

10/1/2029

g

190,495

140,000

5.500%, 

7/15/2030

g

150,500

Syneos

Health,

Inc.

160,000

3.625%, 

1/15/2029

g

159,952

Sysco

Corporation

273,000

5.650%, 

4/1/2025

324,180

Teleflex,

Inc.

480,000

4.625%, 

11/15/2027

507,538

Tenet

Healthcare

Corporation

280,000

4.625%, 

7/15/2024

284,984

620,000

5.125%, 

11/1/2027

g

653,393

Teva

Pharmaceutical

Finance

Netherlands

III

BV

43,000

2.200%, 

7/21/2021

42,962

450,000

2.800%, 

7/21/2023

446,130

Thermo

Fisher

Scientific,

Inc.

138,000

4.133%, 

3/25/2025

156,128

Upjohn,

Inc.

135,000

1.650%, 

6/22/2025

g

139,071

VRX

Escrow

Corporation

1,070,000

6.125%, 

4/15/2025

g

1,096,279

Zoetis,

Inc.

189,000

3.250%, 

2/1/2023

198,424

Total

24,024,772

Energy

(2.8%)

Antero

Midstream

Partners,

LP

140,000

5.750%, 

3/1/2027

g

139,624

Antero

Resources

Corporation

80,000

5.625%, 

6/1/2023

79,100

255,000

5.000%, 

3/1/2025

241,612

Apache

Corporation

170,000

4.875%, 

11/15/2027

174,675

315,000

4.375%, 

10/15/2028

j

313,627

220,000

5.100%, 

9/1/2040

222,763

Archrock

Partners,

LP

305,000

6.250%, 

4/1/2028

g

311,481

Blue

Racer

Midstream,

LLC

190,000

7.625%, 

12/15/2025

g

201,045

BP

Capital

Markets

America,

Inc.

490,000

2.520%, 

9/19/2022

506,572

141,000

2.937%, 

4/6/2023

148,712

BP

Capital

Markets

plc

156,000

4.875%, 

3/22/2030

b,i

170,009

Principal

Amount

Long-Term

Fixed

Income

(53.0%)

Value

Energy

(2.8%)

-

continued

Buckeye

Partners,

LP

$

380,000

3.950%, 

12/1/2026

$

382,770

Canadian

Natural

Resources,

Ltd.

120,000

2.950%, 

1/15/2023

125,087

136,000

2.050%, 

7/15/2025

140,925

Canadian

Oil

Sands,

Ltd.

125,000

9.400%, 

9/1/2021

g

129,603

Cenovus

Energy,

Inc.

257,000

5.375%, 

7/15/2025

290,392

90,000

6.750%, 

11/15/2039

116,580

Cheniere

Corpus

Christi

Holdings,

LLC

247,000

5.875%, 

3/31/2025

286,167

Cheniere

Energy

Partners,

LP

885,000

5.625%, 

10/1/2026

920,710

Chevron

Corporation

69,000

1.141%, 

5/11/2023

70,267

136,000

1.554%, 

5/11/2025

140,384

Chevron

USA,

Inc.

217,000

3.900%, 

11/15/2024

242,259

CNX

Resources

Corporation

260,000

6.000%, 

1/15/2029

g

268,697

Comstock

Resources,

Inc.

200,000

9.750%, 

8/15/2026

213,000

Continental

Resources,

Inc.

37,000

4.500%, 

4/15/2023

37,975

140,000

4.375%, 

1/15/2028

j

142,771

190,000

5.750%, 

1/15/2031

g

205,675

Devon

Energy

Corporation

135,000

5.850%, 

12/15/2025

158,395

Diamondback

Energy,

Inc.

123,000

2.875%, 

12/1/2024

129,945

Enagas

SA

410,000

5.500%, 

1/15/2028

g

405,900

Enbridge,

Inc.

120,000

2.900%, 

7/15/2022

124,013

459,000

6.250%, 

3/1/2078

b

497,656

Encana

Corporation

140,000

6.625%, 

8/15/2037

168,553

Endeavor

Energy

Resources,

LP

330,000

5.750%, 

1/30/2028

g

349,800

Energy

Transfer

Operating,

LP

126,000

4.200%, 

9/15/2023

135,694

252,000

5.875%, 

1/15/2024

282,584

143,000

6.625%, 

2/15/2028

b,i

122,265

EnLink

Midstream

Partners,

LP

290,000

4.850%, 

7/15/2026

281,602

265,000

5.600%, 

4/1/2044

212,662

Enterprise

Products

Operating,

LLC

355,000

4.875%, 

8/16/2077

b

339,098

EOG

Resources,

Inc.

160,000

2.625%, 

3/15/2023

166,627

EQM

Midstream

Partners,

LP

320,000

6.500%, 

7/1/2027

g

342,654

150,000

5.500%, 

7/15/2028

155,361

190,000

4.500%, 

1/15/2029

g

183,392

140,000

6.500%, 

7/15/2048

133,588

EQT

Corporation

480,000

3.900%, 

10/1/2027

498,600

Equinor

ASA

139,000

2.875%, 

4/6/2025

150,592

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

263

Principal

Amount

Long-Term

Fixed

Income

(53.0%)

Value

Energy

(2.8%)

-

continued

Exxon

Mobil

Corporation

$

227,000

1.571%, 

4/15/2023

$

233,133

135,000

2.992%, 

3/19/2025

146,741

Genesis

Energy,

LP

140,000

6.500%, 

10/1/2025

129,542

100,000

8.000%, 

1/15/2027

95,030

Harvest

Midstream,

LP

340,000

7.500%, 

9/1/2028

g

357,085

Hess

Corporation

82,000

3.500%, 

7/15/2024

86,612

Hess

Midstream

Operations,

LP

230,000

5.625%, 

2/15/2026

g

238,720

Hilcorp

Energy

I,

LP

140,000

5.750%, 

2/1/2029

g

142,355

Kinder

Morgan

Energy

Partners,

LP

234,000

3.450%, 

2/15/2023

245,312

Marathon

Petroleum

Corporation

126,000

4.750%, 

12/15/2023

139,336

137,000

4.700%, 

5/1/2025

156,356

MEG

Energy

Corporation

280,000

5.875%, 

2/1/2029

d,g

277,900

MPLX,

LP

175,000

4.500%, 

7/15/2023

189,533

162,000

1.750%, 

3/1/2026

165,186

Murphy

Oil

Corporation

255,000

5.875%, 

12/1/2027

242,428

National

Fuel

Gas

Company

136,000

5.500%, 

1/15/2026

158,264

Newfield

Exploration

Company

392,000

5.625%, 

7/1/2024

426,595

NGL

Energy

Partners,

LP

190,000

7.500%, 

11/1/2023

173,375

NuStar

Logistics,

LP

340,000

5.750%, 

10/1/2025

360,400

Occidental

Petroleum

Corporation

170,000

3.450%, 

7/15/2024

163,200

540,000

2.900%, 

8/15/2024

522,450

180,000

3.400%, 

4/15/2026

173,867

175,000

8.500%, 

7/15/2027

205,572

340,000

3.500%, 

8/15/2029

315,476

190,000

6.450%, 

9/15/2036

208,501

470,000

4.400%, 

4/15/2046

413,962

ONEOK,

Inc.

67,000

2.200%, 

9/15/2025

69,753

Pioneer

Natural

Resources

Company

206,000

1.125%, 

1/15/2026

206,350

Plains

All

American

Pipeline,

LP

307,000

6.125%, 

11/15/2022

b,i

254,749

63,000

2.850%, 

1/31/2023

64,852

64,000

3.600%, 

11/1/2024

68,695

171,000

4.650%, 

10/15/2025

191,373

QEP

Resources,

Inc.

190,000

5.625%, 

3/1/2026

211,869

Range

Resources

Corporation

140,000

9.250%, 

2/1/2026

152,571

140,000

8.250%, 

1/15/2029

g

147,000

Sabine

Pass

Liquefaction,

LLC

117,000

6.250%, 

3/15/2022

122,671

117,000

5.625%, 

4/15/2023

127,970

Principal

Amount

Long-Term

Fixed

Income

(53.0%)

Value

Energy

(2.8%)

-

continued

Schlumberger

Finance

Canada,

Ltd.

$

135,000

1.400%, 

9/17/2025

$

137,301

Shell

International

Finance

BV

139,000

2.375%, 

4/6/2025

147,993

Southwestern

Energy

Company

315,000

7.500%, 

4/1/2026

329,112

Suncor

Energy,

Inc.

135,000

3.100%, 

5/15/2025

146,702

Sunoco

Logistics

Partners

Operations,

LP

160,000

4.400%, 

4/1/2021

160,506

Sunoco,

LP

315,000

5.875%, 

3/15/2028

333,900

140,000

4.500%, 

5/15/2029

g

143,095

Targa

Resources

Partners,

LP

240,000

5.375%, 

2/1/2027

248,030

Transocean

Guardian,

Ltd.

239,251

5.875%, 

1/15/2024

g

211,737

USA

Compression

Partners,

LP

140,000

6.875%, 

4/1/2026

146,328

W&T

Offshore,

Inc.

285,000

9.750%, 

11/1/2023

g

225,358

Weatherford

International,

Ltd.

280,000

8.750%, 

9/1/2024

g

288,400

Western

Gas

Partners,

LP

120,000

4.000%, 

7/1/2022

123,026

Western

Midstream

Operating,

LP

170,000

4.100%, 

2/1/2025

176,047

270,000

3.950%, 

6/1/2025

274,050

150,000

5.500%, 

8/15/2048

148,500

Williams

Partners,

LP

250,000

4.000%, 

11/15/2021

254,719

198,000

4.500%, 

11/15/2023

217,397

WPX

Energy,

Inc.

135,000

5.250%, 

9/15/2024

150,103

Total

22,508,551

Financials

(6.9%)

ACE

INA

Holdings,

Inc.

160,000

2.875%, 

11/3/2022

166,382

AerCap

Ireland

Capital

DAC

110,000

3.150%, 

2/15/2024

115,305

124,000

3.500%, 

1/15/2025

132,276

150,000

6.500%, 

7/15/2025

177,747

Air

Lease

Corporation

235,000

2.500%, 

3/1/2021

235,391

Aircastle,

Ltd.

168,000

5.000%, 

4/1/2023

180,567

Ally

Financial,

Inc.

203,000

1.450%, 

10/2/2023

206,325

300,000

5.750%, 

11/20/2025

349,272

American

Express

Company

127,000

3.700%, 

8/3/2023

137,082

124,000

3.400%, 

2/22/2024

134,446

American

International

Group,

Inc.

68,000

2.500%, 

6/30/2025

72,462

Ares

Capital

Corporation

70,000

4.250%, 

3/1/2025

75,797

138,000

3.875%, 

1/15/2026

148,526

Athene

Global

Funding

187,000

4.000%, 

1/25/2022

g

193,437

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

264

Principal

Amount

Long-Term

Fixed

Income

(53.0%)

Value

Financials

(6.9%)

-

continued

Australia

and

New

Zealand

Banking

Group,

Ltd.

$

230,000

2.950%, 

7/22/2030

b,g

$

242,679

Aviation

Capital

Group,

LLC

185,000

5.500%, 

12/15/2024

g

208,892

Avolon

Holdings

Funding,

Ltd.

62,000

5.250%, 

5/15/2024

g

67,564

109,000

4.250%, 

4/15/2026

g

117,676

BAC

Capital

Trust

XIV

138,000

4.000%, 

(LIBOR

3M

+

0.400%),

2/17/2021

b,i

135,999

Banco

Santander

Mexico

SA

87,000

5.375%, 

4/17/2025

g

99,567

Banco

Santander

SA

200,000

1.344%, 

(LIBOR

3M

+

1.120%),

4/12/2023

b

203,194

Bank

of

America

Corporation

237,000

3.004%, 

12/20/2023

b

248,298

373,000

3.550%, 

3/5/2024

b

396,736

585,000

3.864%, 

7/23/2024

b

632,389

285,000

4.200%, 

8/26/2024

318,367

711,000

6.250%, 

9/5/2024

b,i

786,922

204,000

0.810%, 

10/24/2024

b

205,244

124,000

3.458%, 

3/15/2025

b

134,584

150,000

6.100%, 

3/17/2025

b,i

168,879

339,000

1.319%, 

6/19/2026

b

343,125

271,000

1.197%, 

10/24/2026

b

273,687

306,000

5.875%, 

3/15/2028

b,i

338,733

Bank

of

Montreal

378,000

3.300%, 

2/5/2024

409,980

Bank

of

New

York

Mellon

Corporation

140,000

1.600%, 

4/24/2025

145,566

78,000

4.700%, 

9/20/2025

b,i

85,411

Bank

of

Nova

Scotia

247,000

2.375%, 

1/18/2023

256,855

133,000

1.950%, 

2/1/2023

137,296

96,000

1.625%, 

5/1/2023

98,620

234,000

4.900%, 

6/4/2025

b,i

251,269

Barclays

plc

225,000

4.610%, 

2/15/2023

b

234,325

299,000

4.338%, 

5/16/2024

b

323,022

152,000

8.000%, 

6/15/2024

b,i

170,430

136,000

4.375%, 

9/11/2024

151,225

162,000

2.852%, 

5/7/2026

b

172,658

BB&T

Corporation

127,000

2.500%, 

8/1/2024

135,352

BNP

Paribas

SA

156,000

7.625%, 

3/30/2021

b,g,i

157,170

149,000

2.819%, 

11/19/2025

b,g

158,892

BPCE

SA

126,000

3.000%, 

5/22/2022

g

130,316

133,000

2.375%, 

1/14/2025

g

140,006

Camden

Property

Trust

126,000

4.875%, 

6/15/2023

137,230

Canadian

Imperial

Bank

of

Commerce

133,000

2.250%, 

1/28/2025

140,712

CANPACK

SA

360,000

3.125%, 

11/1/2025

g

365,850

Capital

One

Bank

USA

NA

189,000

3.375%, 

2/15/2023

199,576

199,000

2.280%, 

1/28/2026

b

207,980

Principal

Amount

Long-Term

Fixed

Income

(53.0%)

Value

Financials

(6.9%)

-

continued

Capital

One

Financial

Corporation

$

354,000

3.050%, 

3/9/2022

$

363,744

Cascades

USA,

Inc.

220,000

5.125%, 

1/15/2026

g

233,200

Central

Fidelity

Capital

Trust

I

310,000

1.241%, 

(LIBOR

3M

+

1.000%),

4/15/2027

b

298,223

Charles

Schwab

Corporation

600,000

5.375%, 

6/1/2025

b,i

665,016

Chobani,

LLC

380,000

4.625%, 

11/15/2028

g

387,600

CIT

Group,

Inc.

206,000

5.250%, 

3/7/2025

236,202

Citigroup,

Inc.

116,000

2.750%, 

4/25/2022

119,209

491,000

2.312%, 

11/4/2022

b

497,860

244,000

3.142%, 

1/24/2023

b

250,444

300,000

5.950%, 

1/30/2023

b,i

315,896

276,000

5.000%, 

9/12/2024

b,i

286,177

373,000

3.352%, 

4/24/2025

b

403,631

138,000

5.950%, 

5/15/2025

b,i

149,902

332,000

5.500%, 

9/13/2025

395,485

150,000

4.000%, 

12/10/2025

b,i

152,062

274,000

1.122%, 

1/28/2027

b

273,921

CNA

Financial

Corporation

145,000

3.950%, 

5/15/2024

159,699

Comerica,

Inc.

78,000

5.625%, 

7/1/2025

b,i

85,800

Cooperatieve

Centrale

Raiffeisen-

Boerenleenbank

BA

232,000

3.950%, 

11/9/2022

245,739

Cooperatieve

Rabobank

UA

135,000

1.339%, 

6/24/2026

b,g

137,223

Corporate

Office

Properties,

LP

135,000

2.250%, 

3/15/2026

140,225

Credit

Acceptance

Corporation

280,000

5.125%, 

12/31/2024

g

287,700

Credit

Agricole

SA

116,000

3.375%, 

1/10/2022

g

119,274

156,000

8.125%, 

12/23/2025

b,g,i

188,370

135,000

1.907%, 

6/16/2026

b,g

139,303

Credit

Suisse

Group

AG

198,000

6.500%, 

8/8/2023

g

223,077

207,000

7.500%, 

12/11/2023

b,g,i

229,363

122,000

2.593%, 

9/11/2025

b,g

128,733

250,000

2.193%, 

6/5/2026

b,g

259,898

Credit

Suisse

Group

Funding

(Guernsey),

Ltd.

350,000

3.800%, 

9/15/2022

368,635

Dai-ichi

Life

Insurance

Company,

Ltd.

475,000

5.100%, 

10/28/2024

b,g,i,j

528,295

Danske

Bank

AS

200,000

5.000%, 

1/12/2023

b,g

207,827

Deutsche

Bank

AG

271,000

2.222%, 

9/18/2024

b

278,674

200,000

6.000%, 

10/30/2025

b,i

194,250

260,000

2.129%, 

11/24/2026

b

263,836

Deutsche

Bank

AG

of

New

York

123,000

3.950%, 

2/27/2023

130,597

Digital

Realty

Trust,

LP

185,000

2.750%, 

2/1/2023

193,772

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

265

Principal

Amount

Long-Term

Fixed

Income

(53.0%)

Value

Financials

(6.9%)

-

continued

Discover

Bank

$

126,000

4.200%, 

8/8/2023

$

137,453

183,000

2.450%, 

9/12/2024

193,393

Diversified

Healthcare

Trust

80,000

4.750%, 

2/15/2028

80,000

Drawbridge

Special

Opportunities

Fund,

LP

390,000

3.875%, 

2/15/2026

g

392,932

ESH

Hospitality,

Inc.

260,000

5.250%, 

5/1/2025

g

265,200

150,000

4.625%, 

10/1/2027

g

153,372

Fidelity

National

Financial,

Inc.

184,000

5.500%, 

9/1/2022

197,782

Fifth

Third

Bancorp

175,000

2.600%, 

6/15/2022

180,037

124,000

3.650%, 

1/25/2024

134,851

148,000

4.500%, 

9/30/2025

b,i

156,880

First

Horizon

National

Corporation

163,000

3.550%, 

5/26/2023

173,025

Five

Corners

Funding

Trust

275,000

4.419%, 

11/15/2023

g

304,666

FNB

Corporation

268,000

2.200%, 

2/24/2023

272,845

Fortress

Transportation

190,000

6.500%, 

10/1/2025

g

196,650

GE

Capital

Funding,

LLC

200,000

3.450%, 

5/15/2025

g

219,375

Global

Net

Lease,

Inc.

450,000

3.750%, 

12/15/2027

g

458,198

Goldman

Sachs

Group,

Inc.

409,000

4.128%, 

(LIBOR

3M

+

3.922%),

2/5/2021

b,i

407,078

234,000

3.000%, 

4/26/2022

235,473

187,000

2.876%, 

10/31/2022

b

190,400

120,000

1.275%, 

(LIBOR

3M

+

1.050%),

6/5/2023

b

121,209

274,000

0.627%, 

11/17/2023

b

274,335

248,000

3.625%, 

2/20/2024

269,483

370,000

5.500%, 

8/10/2024

b,i

406,523

141,000

3.500%, 

4/1/2025

155,645

185,000

3.272%, 

9/29/2025

b

201,419

203,000

4.250%, 

10/21/2025

230,657

Hartford

Financial

Services

Group,

Inc.

116,000

2.346%, 

(LIBOR

3M

+

2.125%),

2/12/2047

b,g

106,706

HSBC

Holdings

plc

234,000

6.875%, 

6/1/2021

b,i

237,250

225,000

3.803%, 

3/11/2025

b

245,149

204,000

6.375%, 

3/30/2025

b,i

222,809

148,000

2.633%, 

11/7/2025

b

156,799

162,000

1.645%, 

4/18/2026

b

165,186

164,000

1.589%, 

5/24/2027

b

166,062

136,000

6.500%, 

3/23/2028

b,i

153,483

227,000

4.600%, 

12/17/2030

b,i

230,121

Huntington

Bancshares,

Inc.

125,000

3.150%, 

3/14/2021

125,123

226,000

4.450%, 

10/15/2027

b,i

241,481

Icahn

Enterprises,

LP

565,000

6.375%, 

12/15/2025

582,656

ILFC

E-Capital

Trust

II

207,000

3.480%, 

(H15T30Y

+

1.800%),

12/21/2065

b,g

167,215

Principal

Amount

Long-Term

Fixed

Income

(53.0%)

Value

Financials

(6.9%)

-

continued

ING

Groep

NV

$

225,000

4.100%, 

10/2/2023

$

246,304

Intercontinental

Exchange,

Inc.

136,000

0.700%, 

6/15/2023

136,948

Iron

Mountain,

Inc.

425,000

4.875%, 

9/15/2027

g

444,125

iStar,

Inc.

280,000

4.250%, 

8/1/2025

275,800

J.P.

Morgan

Chase

&

Company

300,000

2.776%, 

4/25/2023

b

308,706

305,000

3.375%, 

5/1/2023

324,863

380,000

5.150%, 

5/1/2023

b,i

390,925

150,000

6.000%, 

8/1/2023

b,i

156,712

231,000

1.448%, 

(LIBOR

3M

+

1.230%),

10/24/2023

b

235,289

156,000

6.750%, 

2/1/2024

b,i

175,404

208,000

1.514%, 

6/1/2024

b

212,879

576,000

5.000%, 

8/1/2024

b,i

607,569

259,000

3.875%, 

9/10/2024

288,250

560,000

4.023%, 

12/5/2024

b

614,396

444,000

4.600%, 

2/1/2025

b,i

456,876

145,000

2.083%, 

4/22/2026

b

151,671

275,000

1.045%, 

11/19/2026

b

275,591

KeyBank

NA

335,000

1.250%, 

3/10/2023

341,585

Kilroy

Realty,

LP

152,000

4.375%, 

10/1/2025

170,251

Lincoln

National

Corporation

135,000

2.580%, 

(LIBOR

3M

+

2.358%),

5/17/2066

b

113,906

Lloyds

Banking

Group

plc

247,000

3.000%, 

1/11/2022

253,249

183,000

2.858%, 

3/17/2023

b

187,711

225,000

3.900%, 

3/12/2024

247,176

152,000

7.500%, 

6/27/2024

b,i

169,024

270,000

6.657%, 

5/21/2037

b,g,i

347,625

MetLife,

Inc.

150,000

3.850%, 

9/15/2025

b,i

154,875

300,000

5.875%, 

3/15/2028

b,i

346,950

MGM

Growth

Properties

Operating

Partnership,

LP

465,000

4.625%, 

6/15/2025

g

492,900

Mitsubishi

UFJ

Financial

Group,

Inc.

117,000

2.998%, 

2/22/2022

120,297

187,000

2.623%, 

7/18/2022

193,203

250,000

3.455%, 

3/2/2023

265,502

124,000

3.407%, 

3/7/2024

134,824

162,000

1.412%, 

7/17/2025

165,101

Mizuho

Financial

Group,

Inc.

187,000

2.721%, 

7/16/2023

b

193,085

200,000

2.226%, 

5/25/2026

b

209,356

Morgan

Stanley

232,000

5.500%, 

7/28/2021

237,893

116,000

2.750%, 

5/19/2022

119,631

150,000

4.875%, 

11/1/2022

161,292

250,000

3.125%, 

1/23/2023

263,561

247,000

4.100%, 

5/22/2023

266,651

136,000

0.560%, 

11/10/2023

b

136,104

124,000

2.720%, 

7/22/2025

b

132,331

95,000

5.000%, 

11/24/2025

112,208

294,000

2.188%, 

4/28/2026

b

308,812

137,000

0.985%, 

12/10/2026

b

136,676

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

266

Principal

Amount

Long-Term

Fixed

Income

(53.0%)

Value

Financials

(6.9%)

-

continued

MPT

Operating

Partnership,

LP

$

370,000

5.250%, 

8/1/2026

$

382,950

380,000

4.625%, 

8/1/2029

406,399

National

Bank

of

Canada

199,000

2.100%, 

2/1/2023

205,413

National

Securities

Clearing

Corporation

139,000

1.200%, 

4/23/2023

g

141,672

Natwest

Group

plc

126,000

6.125%, 

12/15/2022

137,838

126,000

6.100%, 

6/10/2023

140,249

Nippon

Life

Insurance

Company

325,000

5.100%, 

10/16/2044

b,g

362,879

222,000

3.400%, 

1/23/2050

b,g

235,320

Nomura

Holdings,

Inc.

159,000

2.648%, 

1/16/2025

169,277

Omega

Healthcare

Investors,

Inc.

139,000

5.250%, 

1/15/2026

159,181

Owl

Rock

Technology

Finance

Corporation

137,000

3.750%, 

6/17/2026

g

140,289

Park

Aerospace

Holdings,

Ltd.

62,000

4.500%, 

3/15/2023

g

65,175

PayPal

Holdings,

Inc.

135,000

1.650%, 

6/1/2025

139,877

PNC

Financial

Services

Group,

Inc.

126,000

3.500%, 

1/23/2024

137,073

Provident

Financing

Trust

I

78,000

7.405%, 

3/15/2038

89,861

Prudential

Financial,

Inc.

440,000

5.625%, 

6/15/2043

b

473,460

435,000

5.200%, 

3/15/2044

b

465,699

75,000

3.700%, 

10/1/2050

b

78,562

Quicken

Loans,

LLC

220,000

3.625%, 

3/1/2029

g

220,099

220,000

3.875%, 

3/1/2031

g

223,025

Regions

Financial

Corporation

126,000

3.800%, 

8/14/2023

136,113

156,000

5.750%, 

6/15/2025

b,i

174,232

Reinsurance

Group

of

America,

Inc.

175,000

4.700%, 

9/15/2023

192,882

Royal

Bank

of

Canada

145,000

1.600%, 

4/17/2023

148,977

124,000

2.250%, 

11/1/2024

131,817

Royal

Bank

of

Scotland

Group

plc

156,000

8.625%, 

8/15/2021

b,i

161,460

230,000

4.269%, 

3/22/2025

b

253,352

99,000

3.754%, 

11/1/2029

b

105,783

Santander

Holdings

USA,

Inc.

137,000

3.450%, 

6/2/2025

149,057

Santander

UK

Group

Holdings

plc

253,000

2.875%, 

8/5/2021

256,277

Santander

UK

plc

199,000

2.100%, 

1/13/2023

205,535

Service

Properties

Trust

230,000

4.500%, 

6/15/2023

231,495

110,000

4.750%, 

10/1/2026

105,600

190,000

5.500%, 

12/15/2027

202,970

Simon

Property

Group,

LP

267,000

2.000%, 

9/13/2024

278,644

Principal

Amount

Long-Term

Fixed

Income

(53.0%)

Value

Financials

(6.9%)

-

continued

Societe

Generale

SA

$

148,000

2.625%, 

10/16/2024

g

$

156,045

156,000

8.000%, 

9/29/2025

b,g,i

183,325

165,000

1.488%, 

12/14/2026

b,g

165,470

Springleaf

Finance

Corporation

80,000

6.875%, 

3/15/2025

91,550

380,000

7.125%, 

3/15/2026

444,600

250,000

6.625%, 

1/15/2028

291,875

Standard

Chartered

plc

187,000

2.744%, 

9/10/2022

b,g

189,388

203,000

1.319%, 

10/14/2023

b,g

205,144

165,000

0.991%, 

1/12/2025

b,g

165,075

State

Street

Corporation

141,000

2.825%, 

3/30/2023

b

145,089

125,000

2.354%, 

11/1/2025

b

133,333

Sumitomo

Mitsui

Financial

Group,

Inc.

116,000

2.784%, 

7/12/2022

120,072

496,000

2.778%, 

10/18/2022

516,172

148,000

2.448%, 

9/27/2024

157,449

Sumitomo

Mitsui

Trust

Bank,

Ltd.

135,000

1.050%, 

9/12/2025

g

135,474

Synchrony

Financial

127,000

2.850%, 

7/25/2022

131,068

141,000

4.250%, 

8/15/2024

154,960

Synovus

Bank

250,000

2.289%, 

2/10/2023

b

253,359

Toronto-Dominion

Bank

124,000

3.250%, 

3/11/2024

134,576

Truist

Bank

203,000

1.500%, 

3/10/2025

209,714

Truist

Financial

Corporation

351,000

4.950%, 

9/1/2025

b,i

383,467

UBS

Group

AG

162,000

1.364%, 

1/30/2027

b,g

163,394

USB

Realty

Corporation

276,000

1.388%, 

(LIBOR

3M

+

1.147%),

1/15/2022

b,g,i

210,795

Ventas

Realty,

LP

126,000

3.100%, 

1/15/2023

131,924

126,000

3.750%, 

5/1/2024

137,175

VEREIT

Operating

Partnership,

LP

134,000

4.625%, 

11/1/2025

154,721

VICI

Properties,

LP

140,000

4.250%, 

12/1/2026

g

144,809

90,000

3.750%, 

2/15/2027

g

91,462

140,000

4.625%, 

12/1/2029

g

149,100

90,000

4.125%, 

8/15/2030

g

93,657

Wachovia

Capital

Trust

II

100,000

0.741%, 

(LIBOR

3M

+

0.500%),

1/15/2027

b

96,294

Wells

Fargo

&

Company

120,000

2.100%, 

7/26/2021

121,090

122,000

2.625%, 

7/22/2022

126,203

252,000

4.125%, 

8/15/2023

274,188

200,000

1.442%, 

(LIBOR

3M

+

1.230%),

10/31/2023

b

203,330

121,000

3.750%, 

1/24/2024

131,635

250,000

1.654%, 

6/2/2024

b

256,210

245,000

2.406%, 

10/30/2025

b

258,863

235,000

3.900%, 

3/15/2026

b,i

235,000

224,000

2.188%, 

4/30/2026

b

234,432

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

267

Principal

Amount

Long-Term

Fixed

Income

(53.0%)

Value

Financials

(6.9%)

-

continued

Westpac

Banking

Corporation

$

133,000

2.000%, 

1/13/2023

$

137,453

133,000

2.894%, 

2/4/2030

b

139,620

Total

56,056,213

Foreign

Government

(<0.1%)

Sinopec

Group

Overseas

Development

2018,

Ltd.

163,000

2.150%, 

5/13/2025

g

167,857

Total

167,857

Mortgage-Backed

Securities

(16.9%)

Federal

Home

Loan

Mortgage

Corporation

Conventional

30-Yr.

Pass

Through

5,621,350

3.000%, 

3/25/2050

5,920,912

3,282,597

3.000%, 

4/1/2050

3,457,431

1,867,580

3.500%, 

7/1/2047

1,995,668

Federal

National

Mortgage

Association

1,018,325

4.500%, 

5/1/2048

1,109,305

1,740,872

3.500%, 

10/1/2048

1,849,190

1,205,365

3.500%, 

6/1/2049

1,283,038

1,976,979

3.500%, 

8/1/2049

2,102,695

Federal

National

Mortgage

Association

Conventional

15-Yr.

Pass

Through

17,524,000

2.000%, 

3/1/2035

d

18,282,240

600,000

1.500%, 

2/1/2036

d

615,234

9,400,000

2.000%, 

2/1/2036

d

9,821,164

11,450,000

1.500%, 

3/1/2036

d

11,719,557

Federal

National

Mortgage

Association

Conventional

30-Yr.

Pass

Through

10,125,000

2.000%, 

2/1/2051

d

10,455,645

10,000,000

2.500%, 

2/1/2051

d

10,537,109

23,425,000

2.000%, 

3/1/2051

d

24,147,881

29,881,000

2.500%, 

3/1/2051

d

31,432,244

2,844,470

4.000%, 

7/1/2048

3,051,322

Total

137,780,635

Technology

(1.3%)

Apple,

Inc.

441,000

3.450%, 

5/6/2024

484,178

135,000

1.125%, 

5/11/2025

138,105

Baidu,

Inc.

168,000

3.075%, 

4/7/2025

179,256

Black

Knight

InfoServ,

LLC

70,000

3.625%, 

9/1/2028

g

70,836

Broadcom

Corporation

199,000

3.125%, 

1/15/2025

214,808

Broadcom,

Inc.

71,000

2.250%, 

11/15/2023

74,085

CDW,

LLC

340,000

4.250%, 

4/1/2028

354,489

CommScope

Technologies

Finance,

LLC

770,000

6.000%, 

6/15/2025

g

786,285

Crowdstrike

Holdings,

Inc.

90,000

3.000%, 

2/15/2029

91,069

Dell

International,

LLC

186,000

4.000%, 

7/15/2024

g

204,361

71,000

5.850%, 

7/15/2025

g

84,328

Principal

Amount

Long-Term

Fixed

Income

(53.0%)

Value

Technology

(1.3%)

-

continued

Diamond

1

Finance

Corporation

$

358,000

5.450%, 

6/15/2023

g

$

393,269

Diamond

Sports

Group,

LLC

430,000

6.625%, 

8/15/2027

g,j

273,050

Fiserv,

Inc.

237,000

2.750%, 

7/1/2024

253,797

Gartner,

Inc.

290,000

4.500%, 

7/1/2028

g

305,863

200,000

3.750%, 

10/1/2030

g

205,622

Global

Payments,

Inc.

64,000

2.650%, 

2/15/2025

68,280

Hewlett

Packard

Enterprise

Company

127,000

2.250%, 

4/1/2023

131,646

109,000

4.450%, 

10/2/2023

119,608

Intuit,

Inc.

135,000

0.950%, 

7/15/2025

136,509

Iron

Mountain,

Inc.

360,000

5.000%, 

7/15/2028

g

378,338

Marvell

Technology

Group,

Ltd.

126,000

4.200%, 

6/22/2023

136,129

Micron

Technology,

Inc.

212,000

2.497%, 

4/24/2023

221,192

NCR

Corporation

710,000

6.125%, 

9/1/2029

g

765,366

NXP

BV/NXP

Funding,

LLC

189,000

4.875%, 

3/1/2024

g

212,342

NXP

Funding,

LLC

70,000

2.700%, 

5/1/2025

g

74,936

Open

Text

Corporation

510,000

4.125%, 

2/15/2030

g

535,347

Oracle

Corporation

170,000

2.500%, 

5/15/2022

174,215

212,000

2.500%, 

4/1/2025

226,847

Panasonic

Corporation

187,000

2.536%, 

7/19/2022

g

192,196

Plantronics,

Inc.

320,000

5.500%, 

5/31/2023

g

321,200

PTC,

Inc.

140,000

3.625%, 

2/15/2025

g

143,500

120,000

4.000%, 

2/15/2028

g

124,800

Qorvo,

Inc.

230,000

3.375%, 

4/1/2031

g

235,175

Rackspace

Technology

Global,

Inc.

190,000

5.375%, 

12/1/2028

g

198,075

Seagate

HDD

Cayman

136,000

4.250%, 

3/1/2022

j

139,845

Sensata

Technologies,

Inc.

480,000

3.750%, 

2/15/2031

g

492,619

Shift4

Payments,

LLC

100,000

4.625%, 

11/1/2026

g

104,250

SS&C

Technologies,

Inc.

540,000

5.500%, 

9/30/2027

g

571,865

Switch,

Ltd.

290,000

3.750%, 

9/15/2028

g

296,134

Tencent

Holdings,

Ltd.

162,000

1.810%, 

1/26/2026

g

164,266

Texas

Instruments,

Inc.

210,000

1.375%, 

3/12/2025

216,444

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

268

Principal

Amount

Long-Term

Fixed

Income

(53.0%)

Value

Technology

(1.3%)

-

continued

Total

System

Services,

Inc.

$

135,000

3.750%, 

6/1/2023

$

143,969

Total

10,638,494

Transportation

(0.5%)

AerCap

Holdings

NV

213,000

5.875%, 

10/10/2079

b

216,255

Air

Canada

Pass

Through

Trust

40,570

3.875%, 

3/15/2023

g

39,629

Air

Lease

Corporation

133,000

2.300%, 

2/1/2025

137,275

135,000

3.375%, 

7/1/2025

145,143

American

Airlines,

Inc.

210,000

11.750%, 

7/15/2025

g

242,697

Boeing

Company

135,000

1.950%, 

2/1/2024

138,659

Delta

Air

Lines,

Inc.

400,000

7.000%, 

5/1/2025

g

463,835

270,630

4.500%, 

10/20/2025

g

289,207

140,000

7.375%, 

1/15/2026

160,836

Hawaiian

Brand

Intellectual

Property,

Ltd.

310,000

5.750%, 

1/20/2026

d,g

322,400

J.B.

Hunt

Transport

Services,

Inc.

160,000

3.300%, 

8/15/2022

165,962

Mileage

Plus

Holdings,

LLC

300,000

6.500%, 

6/20/2027

g

328,125

Penske

Truck

Leasing

Company,

LP

124,000

3.375%, 

2/1/2022

g

127,022

135,000

1.200%, 

11/15/2025

g

135,740

Southwest

Airlines

Company

68,000

4.750%, 

5/4/2023

73,686

215,000

5.250%, 

5/4/2025

246,751

Union

Pacific

Corporation

189,000

3.750%, 

7/15/2025

212,967

United

Airlines

Pass

Through

Trust

160,000

3.700%, 

12/1/2022

158,949

XPO

Logistics,

Inc.

230,000

6.125%, 

9/1/2023

g

233,737

375,000

6.750%, 

8/15/2024

g

396,600

Total

4,235,475

Utilities

(1.1%)

Alabama

Power

Company

117,000

2.450%, 

3/30/2022

119,717

Ameren

Corporation

125,000

2.500%, 

9/15/2024

133,196

Berkshire

Hathaway

Energy

Company

135,000

4.050%, 

4/15/2025

g

152,175

Calpine

Corporation

410,000

4.500%, 

2/15/2028

g

421,152

CenterPoint

Energy,

Inc.

120,000

2.500%, 

9/1/2022

123,826

127,000

2.500%, 

9/1/2024

134,973

Dominion

Energy,

Inc.

126,000

2.715%, 

8/15/2021

127,587

126,000

3.071%, 

8/15/2024

136,937

205,000

4.650%, 

12/15/2024

b,i

215,763

DTE

Energy

Company

179,000

3.300%, 

6/15/2022

185,151

187,000

2.529%, 

10/1/2024

199,298

Principal

Amount

Long-Term

Fixed

Income

(53.0%)

Value

Utilities

(1.1%)

-

continued

Duke

Energy

Corporation

$

250,000

2.400%, 

8/15/2022

$

257,250

207,000

4.875%, 

9/16/2024

b,i

220,973

Edison

International

137,000

4.950%, 

4/15/2025

155,713

Entergy

Corporation

136,000

0.900%, 

9/15/2025

135,744

Evergy,

Inc.

127,000

2.450%, 

9/15/2024

134,360

FirstEnergy

Corporation

184,000

2.850%, 

7/15/2022

187,459

Florida

Power

&

Light

Company

140,000

2.850%, 

4/1/2025

152,095

Georgia

Power

Company

133,000

2.100%, 

7/30/2023

138,637

127,000

2.200%, 

9/15/2024

134,200

NextEra

Energy

Operating

Partners,

LP

710,000

3.875%, 

10/15/2026

g

760,250

NiSource,

Inc.

310,000

5.650%, 

6/15/2023

b,i

319,300

135,000

0.950%, 

8/15/2025

135,151

NRG

Energy,

Inc.

137,000

2.000%, 

12/2/2025

g

142,178

600,000

3.375%, 

2/15/2029

g

613,740

90,000

3.625%, 

2/15/2031

g

93,600

PG&E

Corporation

190,000

5.000%, 

7/1/2028

203,844

150,000

5.250%, 

7/1/2030

165,000

PPL

Capital

Funding,

Inc.

252,000

3.950%, 

3/15/2024

275,871

Public

Service

Enterprise

Group,

Inc.

126,000

2.875%, 

6/15/2024

135,133

Sempra

Energy

246,000

3.550%, 

6/15/2024

267,060

156,000

4.875%, 

10/15/2025

b,i

168,043

Southern

Company

285,000

4.000%, 

1/15/2051

b

301,378

Suburban

Propane

Partners,

LP

350,000

5.875%, 

3/1/2027

364,875

Talen

Energy

Supply,

LLC

360,000

7.625%, 

6/1/2028

g

387,900

TerraForm

Power

Operating,

LLC

325,000

5.000%, 

1/31/2028

g

360,750

TransCanada

Trust

342,000

5.875%, 

8/15/2076

b,j

380,475

Vistra

Operations

Company,

LLC

580,000

5.000%, 

7/31/2027

g

610,566

Total

9,151,320

Total

Long-Term

Fixed

Income

(cost

$423,237,873)

432,269,407

Shares

Registered

Investment

Companies

(

19.3%

)

Value

Unaffiliated  (4.0%)

15,194

Aberdeen

Asia-Pacific

Income

Fund,

Inc.

67,309

8,100

AllianceBernstein

Global

High

Income

Fund,

Inc.

94,689

34,500

AllianzGI

NFJ

Dividend

Interest

&

Premium

Strategy

Fund

458,160

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

269

Shares

Registered

Investment

Companies

(19.3%)

Value

Unaffiliated  (4.0%)-

continued

3,793

BlackRock

Core

Bond

Trust

$

61,067

5,934

BlackRock

Corporate

High

Yield

Fund,

Inc.

65,867

4,253

BlackRock

Credit

Allocation

Income

Trust

63,497

11,793

BlackRock

Enhanced

Equity

Dividend

Trust

97,764

9,237

BlackRock

Enhanced

Global

Dividend

Trust

100,037

10,326

BlackRock

Multi-Sector

Income

Trust

177,917

50,844

BlackRock

Resources

&

Commodities

Strategy

Trust

402,684

6,800

Brookfield

Real

Assets

Income

Fund,

Inc.

126,140

5,862

Cohen

&

Steers

Quality

Income

Realty

Fund,

Inc.

72,513

5,016

Eaton

Vance

Limited

Duration

Income

Fund

62,700

8,263

Eaton

Vance

Tax-Managed

Global

Diversified

Equity

Income

Fund

71,475

6,683

Invesco

Dynamic

Credit

Opportunities

Fund

73,179

759,305

Invesco

Senior

Loan

ETF

16,871,757

32,700

iShares

S&P

U.S.

Preferred

Stock

Index

Fund

1,237,695

15,528

Liberty

All-Star

Equity

Fund

105,746

13,575

Nuveen

Credit

Strategies

Income

Fund

86,201

4,655

PGIM

Global

High

Yield

Fund,

Inc.

67,358

4,661

PGIM

High

Yield

Bond

Fund,

Inc.

70,148

3,094

Pimco

Dynamic

Credit

And

Mortgage

Income

Fund

65,222

11,065

Royce

Micro-Cap

Trust,

Inc.

117,510

11,550

Royce

Value

Trust,

Inc.

191,499

26,948

SPDR

Bloomberg

Barclays

High

Yield

Bond

ETF

2,921,163

73,573

Templeton

Global

Income

Fund

411,273

2,335

Tri-Continental

Corporation

69,256

102,570

Vanguard

Short-Term

Corporate

Bond

ETF

j

8,524,593

23,887

Voya

Global

Equity

Dividend

&

Premium

Opportunity

Fund

127,079

16,057

Wells

Fargo

Income

Opportunities

Fund

130,865

24,481

Western

Asset

High

Income

Opportunity

Fund,

Inc.

120,202

Total

33,112,565

Affiliated  (15.3%)

12,255,252

Thrivent

Core

Emerging

Markets

Debt

Fund

124,881,015

Total

124,881,015

Total

Registered

Investment

Companies

(cost

$151,031,097)

157,993,580

Shares

Collateral

Held

for

Securities

Loaned

(

1.4%

)

Value

11,254,110

Thrivent

Cash

Management

Trust

11,254,110

Total

Collateral

Held

for

Securities

Loaned

(cost

$11,254,110)

11,254,110

Shares

Preferred

Stock

(

0.9%

)

Value

Communications

Services

(0.1%)

15,450

AT&T,

Inc.,

4.750%

i

$

393,202

4,450

AT&T,

Inc.,

5.000%

i

115,522

Total

508,724

Consumer

Staples

(<0.1%)

11,970

CHS,

Inc.,

7.100%

b,i

332,527

Total

332,527

Energy

(0.1%)

31,215

Crestwood

Equity

Partners,

LP,

9.250%

i

249,720

2,800

Energy

Transfer

Operating,

LP,

7.600%

b,i

61,656

5,255

Nustar

Logistics,

LP,

6.975%

b

116,503

Total

427,879

Financials

(0.7%)

4,025

Aegon

Funding

Corporation

II,

5.100%

104,851

7,320

Agribank

FCB,

6.875%

b,i

797,880

12,700

Allstate

Corporation,

5.100%

i

339,725

7,500

Bank

of

America

Corporation,

5.000%

i

201,225

3,625

Bank

of

America

Corporation,

5.375%

i

98,419

8,275

Capital

One

Financial

Corporation,

5.000%

i,j

216,226

5,700

Cobank

ACB,

6.250%

b,i

604,200

8,875

Equitable

Holdings,

Inc.,

5.250%

i

231,371

265

First

Horizon

Bank,

3.750%

b,g,i

221,275

14,700

GMAC

Capital

Trust

I,

6.007%

b

389,844

6,500

Hartford

Financial

Services

Group,

Inc.,

7.875%

b

178,425

5,500

J.P.

Morgan

Chase

&

Company,

4.750%

i

144,100

6,025

J.P.

Morgan

Chase

&

Company,

5.750%

i

162,976

6,075

Legg

Mason,

Inc.,

5.450%

155,459

10,500

Morgan

Stanley,

5.850%

b,i

300,300

13,100

Morgan

Stanley,

7.125%

b,i,j

377,673

1,400

Synovus

Financial

Corporation,

5.875%

b,i

37,520

9,150

Truist

Financial

Corporation,

4.750%

i

239,639

479

Wells

Fargo

&

Company,

Convertible,

7.500%

i

691,676

Total

5,492,784

Real

Estate

(<0.1%)

11,475

Public

Storage,

4.125%

i

301,219

2,450

Public

Storage,

4.625%

i

64,239

625

Public

Storage,

4.700%

i

16,519

950

Public

Storage,

4.875%

i

25,365

Total

407,342

Utilities

(<0.1%)

12,000

Southern

Company,

4.950%

313,200

Total

313,200

Total

Preferred

Stock

(cost

$7,191,975)

7,482,456

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

270

Shares

Common

Stock

(

0.1%

)

Value

Communications

Services

(<0.1%)

4,895

Windstream

Services,

LLC,

Warrants

(Expires

12/31/2049)

m

$

64,041

Total

64,041

Energy

(<0.1%)

1,900

Enbridge,

Inc.

63,840

4,500

Kinder

Morgan,

Inc.

63,360

173,878

McDermott

International,

Inc.

m

177,356

3,500

MPLX,

LP

80,885

129

Vantage

Drilling

International

m

193

2,700

Williams

Companies,

Inc.

57,321

Total

442,955

Financials

(0.1%)

10,300

BlackRock

TCP

Capital

Corporation

117,317

5,800

FS

KKR

Capital

Corporation

97,440

6,500

FS

KKR

Capital

Corporation

II

107,575

10,006

Golub

Capital

BDC,

Inc.

142,186

6,870

Sixth

Street

Specialty

Lending,

Inc.

140,560

Total

605,078

Total

Common

Stock

(cost

$1,764,130)

1,112,074

Shares

or

Principal

Amount

Short-Term

Investments

(

15.5%

)

Value

Federal

Home

Loan

Bank

Discount

Notes

400,000

0.050%,

3/23/2021

n,o

399,972

400,000

0.085%,

4/7/2021

n,o

399,950

Thrivent

Core

Short-Term

Reserve

Fund

12,548,656

0.200%

125,486,564

Total

Short-Term

Investments

(cost

$126,266,743)

126,286,486

Total

Investments

(cost

$948,985,398)

118.4%

$966,071,843

Other

Assets

and

Liabilities,

Net

(18.4%)

(150,309,363)

Total

Net

Assets

100.0%

$815,762,480

a

The

stated

interest

rate

represents

the

weighted

average

of

all

contracts

within

the

bank

loan

facility.

b

Denotes

variable

rate

securities.

The

rate

shown

is

as

of

January

29,

2021.

The

rates

of

certain

variable

rate

securities

are

based

on

a

published

reference

rate

and

spread;

these

may

vary

by

security

and

the

reference

rate

and

spread

are

indicated

in

their

description.  The

rates

of

other

variable

rate

securities

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.  These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description.  

c

All

or

a

portion

of

the

loan

is

unfunded.

d

Denotes

investments

purchased

on

a

when-issued

or

delayed

delivery

basis.

e

Security

is

valued

using

significant

unobservable

inputs.

Further

information

on

valuation

can

be

found

in

the

Notes

to

Financial

Statements.

f

Denotes

payment-in-kind

security.  The

security

may

pay

an

interest

or

dividend

payment

with

additional

fixed

income

or

equity

securities

in

lieu

of,

or

in

addition

to

a

cash

payment.  The

cash

rate

and/or

payment-in-kind

rate

shown

are

as

of

January

29,

2021.

g

Denotes

securities

sold

under

Rule

144A

of

the

Securities

Act

of

1933,

which

exempts

them

from

registration.

These

securities

may

be

resold

to

other

dealers

in

the

program

or

to

other

qualified

institutional

buyers.

As

of

January

29,

2021,

the

value

of

these

investments

was

$145,552,331

or

17.8%

of

total

net

assets.

h

Denotes

step

coupon

securities.

Step

coupon

securities

pay

an

initial

coupon

rate

for

the

first

period

and

then

different

coupon

rates

for

following

periods.

The

rate

shown

is

as

of

January

29,

2021.

i

Denotes

perpetual

securities.

Perpetual

securities

pay

an

indefinite

stream

of

income

and

have

no

contractual

maturity

date.

Date

shown,

if

applicable,

is

next

call

date.

j

All

or

a

portion

of

the

security

is

on

loan.

k

Denotes

interest

only

security.  Interest

only

securities

represent

the

right

to

receive

monthly

interest

payments

on

an

underlying

pool

of

mortgages

or

assets.  The

principal

shown

is

the

outstanding

par

amount

of

the

pool

as

of

the

end

of

the

period.

The

actual

effective

yield

of

the

security

is

different

than

the

stated

coupon

rate.

l

All

or

a

portion

of

the

security

is

insured

or

guaranteed.

m

Non-income

producing

security.

n

The

interest

rate

shown

reflects

the

yield,

coupon

rate

or

the

discount

rate

at

the

date

of

purchase.

o

All

or

a

portion

of

the

security

is

held

on

deposit

with

the

counterparty

and

pledged

as

the

initial

margin

deposit

for

open

futures

contracts.

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

271

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Opportunity

Income

Plus

Fund

as

of

January

29,

2021:

Securities

Lending

Transactions

Long-Term

Fixed

Income

$

2,294,724

Common

Stock

8,656,220

Total

lending

$10,950,944

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$11,254,110

Net

amounts

due

to

counterparty

$303,166

Definitions:

ACES

-

Alternative

Credit

Enhancement

Securities

CLO

-

Collateralized

Loan

Obligation

ETF

-

Exchange

Traded

Fund

PIK

-

Payment-In-Kind

REMIC

-

Real

Estate

Mortgage

Investment

Conduit

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

Ser.

-

Series

SPDR

-

S&P

Depository

Receipts,

which

are

exchange-traded

funds

traded

in

the

U.S.,

Europe,

and

Asia-Pacific

and

managed

by

State

Street

Global

Advisors.

Reference

Rate

Index:

12

MTA

-

12

Month

Treasury

Average

H15T30Y

-

U.

S.

Treasury

Yield

Curve

Rate

Treasury

Note

Constant

Maturity

30

Year

LIBOR

1W

-

ICE

Libor

USD

Rate

1

Week

LIBOR

1M

-

ICE

Libor

USD

Rate

1

Month

LIBOR

2M

-

ICE

Libor

USD

Rate

2

Month

LIBOR

3M

-

ICE

Libor

USD

Rate

3

Month

PRIME

-

Federal

Reserve

Prime

Loan

Rate

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

272

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

January

29,

2021,

in

valuing

Opportunity

Income

Plus

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Bank

Loans

Basic

Materials

12,798,550

–

12,798,550

–

Capital

Goods

21,803,749

–

19,211,758

2,591,991

Communications

Services

60,124,457

–

60,124,457

–

Consumer

Cyclical

31,890,761

–

31,306,887

583,874

Consumer

Non-Cyclical

37,187,303

–

36,886,403

300,900

Energy

8,544,165

–

8,544,165

–

Financials

23,204,662

–

23,204,662

–

Technology

16,197,527

–

16,197,527

–

Transportation

6,948,073

–

6,948,073

–

Utilities

10,974,483

–

7,289,890

3,684,593

Long-Term

Fixed

Income

Asset-Backed

Securities

36,749,171

–

36,749,171

–

Basic

Materials

7,331,363

–

7,331,363

–

Capital

Goods

13,081,667

–

13,081,667

–

Collateralized

Mortgage

Obligations

59,415,338

–

59,415,338

–

Commercial

Mortgage-Backed

Securities

4,528,409

–

4,528,409

–

Communications

Services

22,588,416

–

22,588,416

–

Consumer

Cyclical

24,011,726

–

24,011,726

–

Consumer

Non-Cyclical

24,024,772

–

24,024,772

–

Energy

22,508,551

–

22,508,551

–

Financials

56,056,213

–

56,056,213

–

Foreign

Government

167,857

–

167,857

–

Mortgage-Backed

Securities

137,780,635

–

137,780,635

–

Technology

10,638,494

–

10,638,494

–

Transportation

4,235,475

–

4,235,475

–

Utilities

9,151,320

–

9,151,320

–

Registered

Investment

Companies

Unaffiliated

33,112,565

33,112,565

–

–

Preferred

Stock

Communications

Services

508,724

508,724

–

–

Consumer

Staples

332,527

332,527

–

–

Energy

427,879

427,879

–

–

Financials

5,492,784

3,869,429

1,623,355

–

Real

Estate

407,342

407,342

–

–

Utilities

313,200

313,200

–

–

Common

Stock

Communications

Services

64,041

–

64,041

–

Energy

442,955

442,955

–

–

Financials

605,078

605,078

–

–

Short-Term

Investments

799,922

–

799,922

–

Subtotal

Investments

in

Securities

$704,450,154

$40,019,699

$657,269,097

$7,161,358

Other

Investments  *

Total

Affiliated

Registered

Investment

Companies

124,881,015

Affiliated

Short-Term

Investments

125,486,564

Collateral

Held

for

Securities

Loaned

11,254,110

Subtotal

Other

Investments

$261,621,689

Total

Investments

at

Value

$966,071,843

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

this

table

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

273

Reference

Description:

CBOT

-

Chicago

Board

of

Trade

CME

-

Chicago

Mercantile

Exchange

Other

Financial

Instruments

Total

Level

1

Level

2

Level

3

Asset

Derivatives

Futures

Contracts

741,301

741,301

–

–

Total

Asset

Derivatives

$741,301

$741,301

$–

$–

Liability

Derivatives

Futures

Contracts

324

324

–

–

Total

Liability

Derivatives

$324

$324

$–

$–

The

following

table

presents

Opportunity

Income

Plus

Fund's

futures

contracts

held

as

of

January

29,

2021.

Investments

and/or

cash

totaling

$799,922

were

pledged

as

the

initial

margin

deposit

for

these

contracts.

Futures

Contracts

Description

Number

of

Contracts

Long/(Short)

Expiration

Date

Notional

Principal

Amount

Value

and

Unrealized

CBOT

2-Yr.

U.S.

Treasury

Note

100

March

2021

$

22,073,745

$

23,911

CBOT

5-Yr.

U.S.

Treasury

Note

104

March

2021

13,091,324

(

324)

Total

Futures

Long

Contracts

$

35,165,069

$

23,587

CBOT

10-Yr.

U.S.

Treasury

Note

(100)

March

2021

(

$

13,749,930)

$

46,805

CBOT

U.S.

Long

Bond

(104)

March

2021

(

18,081,087)

534,337

CME

Ultra

Long

Term

U.S.

Treasury

Bond

(9)

March

2021

(

1,852,845)

10,376

Ultra

10-Yr.

U.S.

Treasury

Note

(40)

March

2021

(

6,278,997)

125,872

Total

Futures

Short

Contracts

(

$

39,962,859)

$717,390

Total

Futures

Contracts

(

$

4,797,790)

$740,977

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Opportunity

Income

Plus

Fund,

is

as

follows:

Fund

Value

10/31/2020

Gross

Purchases

Gross

Sales

Value

1/29/2021

Shares

Held

at

1/29/2021

%

of

Net

Assets

1/29/2021

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

$116,538

$3,847

$–

$124,881

12,255

15.3%

Total

Affiliated

Registered

Investment

Companies

116,538

124,881

15.3

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

116,110

86,310

76,933

125,487

12,549

15.4

Total

Affiliated

Short-Term

Investments

116,110

125,487

15.4

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

1,843

51,648

42,237

11,254

11,254

1.4

Total

Collateral

Held

for

Securities

Loaned

1,843

11,254

1.4

Total

Value

$234,491

$261,622

Opportunity

Income

Plus

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

274

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2020

-

1/29/2021

Affiliated

Registered

Investment

Companies

Core

Emerging

Markets

Debt

$–

$4,496

$–

$1,347

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

(9)

9

–

72

Total

Income/Non

Income

Cash

from

Affiliated

Investments

$1,419

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

–

0

7

Total

Affiliated

Income

from

Securities

Loaned,

Net

$7

Total

$(9)

$4,505

$0

Small

Cap

Growth

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

275

Shares

Common

Stock

(

96.8%

)

Value

Communications

Services

(0.2%)

6,109

ORBCOMM,

Inc.

a

$

45,756

Total

45,756

Consumer

Discretionary

(11.4%)

1,260

Bright

Horizons

Family

Solutions,

Inc.

a

191,482

1,722

Choice

Hotels

International,

Inc.

173,302

7,401

Cooper-Standard

Holdings,

Inc.

a

225,805

24,638

Duluth

Holdings,

Inc.

a,b

307,236

370

Etsy,

Inc.

a

73,663

1,734

Five

Below,

Inc.

a

304,716

865

Lithia

Motors,

Inc.

275,658

2,452

Ollie's

Bargain

Outlet

Holdings,

Inc.

a

232,278

5,247

Planet

Fitness,

Inc.

a

377,784

7,597

Playa

Hotels

and

Resorts

NV

a

40,416

7,465

Red

Rock

Resorts,

Inc.

175,278

7,402

Skyline

Corporation

a

248,929

3,565

Texas

Roadhouse,

Inc.

271,689

2,966

Wingstop,

Inc.

445,048

Total

3,343,284

Consumer

Staples

(3.6%)

1,200

Casey's

General

Stores,

Inc.

224,976

17,146

e.l.f.

Beauty,

Inc.

a

373,097

9,820

Turning

Point

Brands,

Inc.

462,522

Total

1,060,595

Energy

(0.2%)

8,557

Nine

Energy

Service,

Inc.

a

22,163

4,676

Talos

Energy,

Inc.

a

39,559

Total

61,722

Financials

(6.4%)

4,167

Ameris

Bancorp

162,971

3,233

Assured

Guaranty,

Ltd.

115,580

3,391

Essent

Group,

Ltd.

141,846

26,105

Everi

Holdings,

Inc.

a

341,453

2,810

Hamilton

Lane,

Inc.

211,790

666

Kemper

Corporation

46,854

1,179

Kinsale

Capital

Group,

Inc.

221,133

4,525

Seacoast

Banking

Corporation

of

Florida

a

137,786

1,156

TMX

Group,

Ltd.

111,500

5,977

Western

Alliance

Bancorp

407,512

Total

1,898,425

Health

Care

(22.3%)

7,325

ACADIA

Pharmaceuticals,

Inc.

a

351,966

30,255

Ardelyx,

Inc.

a

205,432

1,312

Arena

Pharmaceuticals,

Inc.

a

97,403

634

Argenx

SE

ADR

a

185,775

5,749

Axonics

Modulation

Technologies,

Inc.

a

297,223

2,002

Biohaven

Pharmaceutical

Holding

Company,

Ltd.

a

170,611

763

Bio-Techne

Corporation

247,906

3,626

Catalent,

Inc.

a

417,171

952

Global

Blood

Therapeutics,

Inc.

a

47,714

2,988

Guardant

Health,

Inc.

a

464,634

5,205

Halozyme

Therapeutics,

Inc.

a

247,706

2,391

Inspire

Medical

Systems,

Inc.

a

481,811

3,726

LHC

Group,

Inc.

a

742,294

476

Mesa

Laboratories,

Inc.

131,919

4,627

Natera,

Inc.

a

493,423

Shares

Common

Stock

(96.8%)

Value

Health

Care

(22.3%)

-

continued

1,971

Nevro

Corporation

a

$

318,888

5,983

Optinose,

Inc.

a

23,812

2,992

Pulmonx

Corporation

a

169,706

1,805

Repligen

Corporation

a

361,000

464

Sage

Therapeutics,

Inc.

a

37,422

7,089

Silk

Road

Medical,

Inc.

a

386,563

6,133

Tactile

Systems

Technology,

Inc.

a

334,555

426

Teleflex,

Inc.

160,870

3,560

Travere

Therapeutics,

Inc.

a

89,890

2,574

Zymeworks,

Inc.

a

87,053

Total

6,552,747

Industrials

(19.5%)

7,890

Altra

Industrial

Motion

Corporation

405,625

4,083

ASGN,

Inc.

a

338,522

3,935

Chart

Industries,

Inc.

a

472,633

3,366

Forward

Air

Corporation

241,309

2,507

Lincoln

Electric

Holdings,

Inc.

287,051

4,029

Mercury

Systems,

Inc.

a

286,301

16,182

Meritor,

Inc.

a

417,657

4,046

Middleby

Corporation

a,b

549,123

3,571

Ranpak

Holdings

Corporation

a

61,921

1,501

RBC

Bearings,

Inc.

a

251,162

3,207

Regal-Beloit

Corporation

402,414

7,755

Ritchie

Brothers

Auctioneers,

Inc.

456,847

7,585

Rush

Enterprises,

Inc.

318,494

1,618

Saia,

Inc.

a

285,982

1,759

Simpson

Manufacturing

Company,

Inc.

161,828

15,776

Summit

Materials,

Inc.

a

323,881

2,858

Trex

Company,

Inc.

a

262,279

4,622

Willdan

Group,

Inc.

a

206,557

Total

5,729,586

Information

Technology

(28.7%)

5,672

Anaplan,

Inc.

a

378,322

3,416

Avalara,

Inc.

a

512,400

2,883

Bandwidth,

Inc.

a

513,578

4,622

BigCommerce

Holdings,

Inc.

a,b

369,483

2,961

Blackline,

Inc.

a

383,805

2,501

Cognex

Corporation

205,407

669

Coupa

Software,

Inc.

a

207,303

3,888

Descartes

Systems

Group,

Inc.

a

237,401

3,856

Dolby

Laboratories,

Inc.

339,444

4,674

Endava

plc

ADR

a

369,526

2,414

Euronet

Worldwide,

Inc.

a

301,653

4,739

Eventbrite,

Inc.

a,b

84,591

3,450

Five9,

Inc.

a

573,563

501

Guidewire

Software,

Inc.

a

57,485

4,222

Health

Catalyst,

Inc.

a

209,749

6,983

Lattice

Semiconductor

Corporation

a

280,088

3,494

Lumentum

Holdings,

Inc.

a

327,737

11,809

Medallia,

Inc.

a

490,074

2,421

MKS

Instruments,

Inc.

382,687

1,306

Monolithic

Power

Systems,

Inc.

464,009

1,637

Nova

Measuring

Instruments,

Ltd.

a

113,984

1,377

Novanta,

Inc.

a

172,015

2,634

Q2

Holdings,

Inc.

a

337,126

2,132

Rogers

Corporation

a

332,741

5,133

SailPoint

Technologies

Holdings,

Inc.

a

283,906

9,074

Sierra

Wireless,

Inc.

a,b

167,960

Small

Cap

Growth

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

276

Shares

Common

Stock

(96.8%)

Value

Information

Technology

(28.7%)

-

continued

3,754

Workiva,

Inc.

a

$

365,902

Total

8,461,939

Materials

(1.7%)

2,603

Innospec,

Inc.

228,517

1,096

Quaker

Chemical

Corporation

287,295

Total

515,812

Real

Estate

(2.8%)

18,043

Cushman

and

Wakefield

plc

a

258,556

1,932

FirstService

Corporation

264,395

2,868

NexPoint

Residential

Trust,

Inc.

113,200

3,914

Rexford

Industrial

Realty,

Inc.

191,551

Total

827,702

Total

Common

Stock

(cost

$20,768,729)

28,497,568

Shares

Collateral

Held

for

Securities

Loaned

(

3.3%

)

Value

961,215

Thrivent

Cash

Management

Trust

961,215

Total

Collateral

Held

for

Securities

Loaned

(cost

$961,215)

961,215

Shares

Registered

Investment

Companies

(

1.2%

)

Value

Unaffiliated  (1.2%)

959

SPDR

S&P

Biotech

ETF

b

146,612

3,630

SPDR

S&P

Regional

Banking

ETF

197,363

Total

343,975

Total

Registered

Investment

Companies

(cost

$293,146)

343,975

Shares

Short-Term

Investments

(

4.1%

)

Value

Thrivent

Core

Short-Term

Reserve

Fund

122,483

0.200%

1,224,829

Total

Short-Term

Investments

(cost

$1,224,829)

1,224,829

Total

Investments

(cost

$23,247,919)

105.4%

$31,027,587

Other

Assets

and

Liabilities,

Net

(5.4%)

(1,581,089)

Total

Net

Assets

100.0%

$29,446,498

a

Non-income

producing

security.

b

All

or

a

portion

of

the

security

is

on

loan.

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Small

Cap

Growth

Fund

as

of

January

29,

2021:

Securities

Lending

Transactions

Common

Stock

$

868,664

Total

lending

$868,664

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$961,215

Net

amounts

due

to

counterparty

$92,551

Definitions:

ADR

-

American

Depositary

Receipt,

which

are

certificates

for

an

underlying

foreign

security's

shares

held

by

an

issuing

U.S.

depository

bank.

ETF

-

Exchange

Traded

Fund

SPDR

-

S&P

Depository

Receipts,

which

are

exchange-traded

funds

traded

in

the

U.S.,

Europe,

and

Asia-Pacific

and

managed

by

State

Street

Global

Advisors.

Small

Cap

Growth

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

277

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

January

29,

2021,

in

valuing

Small

Cap

Growth

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

45,756

45,756

–

–

Consumer

Discretionary

3,343,284

3,343,284

–

–

Consumer

Staples

1,060,595

1,060,595

–

–

Energy

61,722

61,722

–

–

Financials

1,898,425

1,786,925

111,500

–

Health

Care

6,552,747

6,552,747

–

–

Industrials

5,729,586

5,729,586

–

–

Information

Technology

8,461,939

8,461,939

–

–

Materials

515,812

515,812

–

–

Real

Estate

827,702

827,702

–

–

Registered

Investment

Companies

Unaffiliated

343,975

343,975

–

–

Subtotal

Investments

in

Securities

$28,841,543

$28,730,043

$111,500

$–

Other

Investments  *

Total

Affiliated

Short-Term

Investments

1,224,829

Collateral

Held

for

Securities

Loaned

961,215

Subtotal

Other

Investments

$2,186,044

Total

Investments

at

Value

$31,027,587

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

this

table

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Small

Cap

Growth

Fund,

is

as

follows:

Fund

Value

10/31/2020

Gross

Purchases

Gross

Sales

Value

1/29/2021

Shares

Held

at

1/29/2021

%

of

Net

Assets

1/29/2021

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

$319

$4,408

$3,502

$1,225

122

4.1%

Total

Affiliated

Short-Term

Investments

319

1,225

4.1

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

685

2,373

2,097

961

961

3.3

Total

Collateral

Held

for

Securities

Loaned

685

961

3.3

Total

Value

$1,004

$2,186

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2020

-

1/29/2021

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

$1

$(1)

$–

$1

Total

Income/Non

Income

Cash

from

Affiliated

Investments

$1

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

–

0

1

Total

Affiliated

Income

from

Securities

Loaned,

Net

$1

Total

$1

$(1)

$0

Small

Cap

Stock

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

278

Shares

Common

Stock

(

96.4%

)

Value

Communications

Services

(1.7%)

715,718

QuinStreet

,

Inc.

a

$

15,151,750

Total

15,151,750

Consumer

Discretionary

(9.4%)

239,775

Cedar

Fair,

LP

9,614,977

331,951

Cooper-Standard

Holdings,

Inc.

a

10,127,825

129,896

Crocs,

Inc.

a

9,095,318

216,930

Leggett

&

Platt,

Inc.

8,894,130

219,779

Miller

Industries,

Inc.

8,764,787

81,796

Sleep

Number

Corporation

a

8,812,701

310,145

Stoneridge,

Inc.

a

8,513,480

112,868

Texas

Roadhouse,

Inc.

8,601,670

222,594

Zumiez

,

Inc.

a

9,589,350

Total

82,014,238

Consumer

Staples

(3.8%)

62,264

John

B.

Sanfilippo

&

Son,

Inc.

5,007,893

929,488

Primo

Water

Corporation

14,360,590

292,906

Turning

Point

Brands,

Inc.

13,795,873

Total

33,164,356

Energy

(2.1%)

267,326

Devon

Energy

Corporation

4,400,186

513,475

Helmerich

&

Payne,

Inc.

12,467,173

345,871

Nine

Energy

Service,

Inc.

a

895,806

Total

17,763,165

Financials

(22.2%)

295,302

Air

Lease

Corporation

11,702,818

263,071

Assured

Guaranty,

Ltd.

9,404,788

217,216

Bank

of

N.T.

Butterfield

&

Son,

Ltd.

6,605,539

550,685

Bridgewater

Bancshares,

Inc.

a

7,070,795

383,282

Columbia

Banking

System,

Inc.

14,764,023

114,599

Evercore

,

Inc.

12,502,751

746,183

Everi

Holdings,

Inc.

a

9,760,074

101,370

Glacier

Bancorp,

Inc.

4,728,911

401,491

Heartland

Financial

USA,

Inc.

17,127,606

699,022

Heritage

Commerce

Corporation

6,137,413

215,896

James

River

Group

Holdings,

Ltd.

9,603,054

31,647

Kemper

Corporation

2,226,366

94,046

Primerica,

Inc.

13,101,548

273,819

Santander

Consumer

USA

Holdings,

Inc.

6,051,400

336,949

Seacoast

Banking

Corporation

of

Florida

a

10,260,097

60,567

Selective

Insurance

Group,

Inc.

3,935,644

250,608

Synovus

Financial

Corporation

9,322,618

320,942

Triumph

Bancorp,

Inc.

a

18,402,814

304,399

Western

Alliance

Bancorp

20,753,924

Total

193,462,183

Health

Care

(8.3%)

163,587

AMN

Healthcare

Services,

Inc.

a

11,797,894

246,544

Ardelyx

,

Inc.

a

1,674,034

85,476

Biohaven

Pharmaceutical

Holding

Company,

Ltd.

a

7,284,265

272,401

Halozyme

Therapeutics,

Inc.

a

12,963,563

42,600

LHC

Group,

Inc.

a

8,486,772

27,797

PerkinElmer,

Inc.

4,088,105

206,801

Syneos

Health,

Inc.

a

15,375,654

197,385

Tactile

Systems

Technology,

Inc.

a

10,767,352

Total

72,437,639

Shares

Common

Stock

(96.4%)

Value

Industrials

(17.4%)

201,402

Altra

Industrial

Motion

Corporation

$

10,354,077

124,191

ASGN,

Inc.

a

10,296,676

9,231

Crane

Company

698,602

117,487

Curtiss-Wright

Corporation

12,193,976

68,397

Encore

Wire

Corporation

3,949,927

147,124

Forward

Air

Corporation

10,547,320

178,986

Helios

Technologies,

Inc.

9,763,686

104,921

Lincoln

Electric

Holdings,

Inc.

12,013,454

174,644

Manpower,

Inc.

15,445,515

491,225

Meritor,

Inc.

a

12,678,517

83,706

Middleby

Corporation

a

11,360,578

107,367

NAPCO

Security

Technologies,

Inc.

a

2,782,953

410,731

Raven

Industries,

Inc.

13,254,289

109,364

Ritchie

Brothers

Auctioneers,

Inc.

6,442,633

22,610

Saia,

Inc.

a

3,996,318

36,903

Valmont

Industries,

Inc.

7,119,327

109,373

WESCO

International,

Inc.

a

8,324,379

Total

151,222,227

Information

Technology

(16.8%)

113,212

Advanced

Energy

Industries,

Inc.

a

11,613,287

315,267

Agilysys

,

Inc.

a

11,598,673

118,932

Axcelis

Technologies,

Inc.

a

4,072,232

121,806

BigCommerce

Holdings,

Inc.

a,b

9,737,172

65,962

Blackline,

Inc.

a

8,549,994

578,426

Change

Healthcare,

Inc.

a

13,801,244

145,731

Ciena

Corporation

a

7,780,578

165,440

Computer

Services,

Inc.

10,257,280

98,137

Dolby

Laboratories,

Inc.

8,639,000

213,906

FLIR

Systems,

Inc.

11,133,807

37,447

Littelfuse

,

Inc.

9,113,476

263,414

National

Instruments

Corporation

10,905,340

228,761

Nuance

Communications,

Inc.

a

10,417,776

95,051

Plexus

Corporation

a

7,311,323

117,110

Workiva

,

Inc.

a

11,414,712

Total

146,345,894

Materials

(6.7%)

273,998

Carpenter

Technology

Corporation

8,559,698

705,564

Element

Solutions,

Inc.

12,015,755

1,509,991

Ivanhoe

Mines,

Ltd.

a

7,214,893

188,924

UFP

Technologies,

Inc.

a

8,692,393

92,989

United

States

Lime

&

Minerals,

Inc.

11,251,669

188,074

W.

R.

Grace

&

Company

10,912,054

Total

58,646,462

Real

Estate

(6.0%)

60,620

Agree

Realty

Corporation

3,831,184

298,613

American

Campus

Communities,

Inc.

12,290,911

120,784

Colliers

International

Group,

Inc.

10,672,474

114,311

Healthcare

Realty

Trust,

Inc.

3,430,473

163,118

Independence

Realty

Trust,

Inc.

2,166,207

139,278

National

Storage

Affiliates

Trust

5,089,218

138,940

Rayonier,

Inc.

REIT

4,272,405

935,898

Sunstone

Hotel

Investors,

Inc.

10,014,109

Total

51,766,981

Utilities

(2.0%)

75,491

NorthWestern

Corporation

4,111,995

156,125

Portland

General

Electric

Company

6,602,526

Small

Cap

Stock

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

279

Shares

Common

Stock

(96.4%)

Value

Utilities

(2.0%)

-

continued

103,681

Spire,

Inc.

$

6,344,240

Total

17,058,761

Total

Common

Stock

(cost

$598,039,295)

839,033,656

Shares

Collateral

Held

for

Securities

Loaned

(

1.5%

)

Value

13,410,975

Thrivent

Cash

Management

Trust

13,410,975

Total

Collateral

Held

for

Securities

Loaned

(cost

$13,410,975)

13,410,975

Shares

Registered

Investment

Companies

(

1.4%

)

Value

Unaffiliated  (1.4%)

66,789

Health

Care

Select

Sector

SPDR

Fund

b

7,682,739

21,600

iShares

Russell

2000

Index

Fund

b

4,440,096

Total

12,122,835

Total

Registered

Investment

Companies

(cost

$10,885,291)

12,122,835

Shares

Short-Term

Investments

(

2.6%

)

Value

Thrivent

Core

Short-Term

Reserve

Fund

2,280,784

0.200%

22,807,838

Total

Short-Term

Investments

(cost

$22,805,242)

22,807,838

Total

Investments

(cost

$645,140,803)

101.9%

$887,375,304

Other

Assets

and

Liabilities,

Net

(1.9%)

(16,956,187)

Total

Net

Assets

100.0%

$870,419,117

a

Non-income

producing

security.

b

All

or

a

portion

of

the

security

is

on

loan.

The

following

table

presents

the

total

amount

of

securities

loaned

with

continuous

maturity,

by

type,

offset

by

the

gross

payable

upon

return

of

collateral

for

securities

loaned

by

Thrivent

Small

Cap

Stock

Fund

as

of

January

29,

2021:

Securities

Lending

Transactions

Common

Stock

$

12,986,280

Total

lending

$12,986,280

Gross

amount

payable

upon

return

of              

collateral

for

securities

loaned

$13,410,975

Net

amounts

due

to

counterparty

$424,695

Definitions:

REIT

-

Real

Estate

Investment

Trust

is

a

company

that

buys,

develops,

manages

and/or

sells

real

estate

assets.

SPDR

-

S&P

Depository

Receipts,

which

are

exchange-traded

funds

traded

in

the

U.S.,

Europe,

and

Asia-Pacific

and

managed

by

State

Street

Global

Advisors.

Small

Cap

Stock

Fund

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

The

accompanying

Notes

to

Schedule

of

Investments

are

an

integral

part

of

this

schedule.

280

Fair

Valuation

Measurements

The

following

table

is

a

summary

of

the

inputs

used,

as

of

January

29,

2021,

in

valuing

Small

Cap

Stock

Fund's

assets

carried

at

fair

value.

Investments

in

Securities

Total

Level

1

Level

2

Level

3

Common

Stock

Communications

Services

15,151,750

15,151,750

–

–

Consumer

Discretionary

82,014,238

82,014,238

–

–

Consumer

Staples

33,164,356

33,164,356

–

–

Energy

17,763,165

17,763,165

–

–

Financials

193,462,183

193,462,183

–

–

Health

Care

72,437,639

72,437,639

–

–

Industrials

151,222,227

151,222,227

–

–

Information

Technology

146,345,894

146,345,894

–

–

Materials

58,646,462

51,431,569

7,214,893

–

Real

Estate

51,766,981

51,766,981

–

–

Utilities

17,058,761

17,058,761

–

–

Registered

Investment

Companies

Unaffiliated

12,122,835

12,122,835

–

–

Subtotal

Investments

in

Securities

$851,156,491

$843,941,598

$7,214,893

$–

Other

Investments  *

Total

Affiliated

Short-Term

Investments

22,807,838

Collateral

Held

for

Securities

Loaned

13,410,975

Subtotal

Other

Investments

$36,218,813

Total

Investments

at

Value

$887,375,304

*

Certain

investments

are

measured

at

fair

value

using

a

net

asset

value

per

share

that

is

not

publicly

available

(practical

expedient).  According

to

disclosure

requirements

of

Accounting

Standards

Codification

(ASC)

820,

Fair

Value

Measurement,

securities

valued

using

the

practical

expedient

are

not

classified

in

the

fair

value

hierarchy.  The

fair

value

amounts

presented

in

this

table

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statement

of

Assets

and

Liabilities.  

Investment

in

Affiliates

Affiliated

issuers,

as

defined

under

the

Investment

Company

Act

of

1940,

include

those

in

which

the

Fund's

holdings

of

an

issuer

represent

5%

or

more

of

the

outstanding

voting

securities

of

an

issuer,

any

affiliated

mutual

fund,

or

a

company

which

is

under

common

ownership

or

control

with

the

Fund.

The

Fund

owns

shares

of

Thrivent

Cash

Management

Trust

for

the

purpose

of

securities

lending

and

Thrivent

Core

Short-Term

Reserve

Fund,

a

series

of

Thrivent

Core

Funds,

primarily

to

serve

as

a

cash

sweep

vehicle

for

the

Fund.

Thrivent

Cash

Management

Trust

and

Thrivent

Core

Funds

are

established

solely

for

investment

by

Thrivent

entities.  

A

summary

of

transactions

(in

thousands;

values

shown

as

zero

are

less

than

$500)

for

the

fiscal

year

to

date,

in

Small

Cap

Stock

Fund,

is

as

follows:

Fund

Value

10/31/2020

Gross

Purchases

Gross

Sales

Value

1/29/2021

Shares

Held

at

1/29/2021

%

of

Net

Assets

1/29/2021

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

$8,123

$57,435

$42,750

$22,808

2,281

2.6%

Total

Affiliated

Short-Term

Investments

8,123

22,808

2.6

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

8,298

76,787

71,674

13,411

13,411

1.5

Total

Collateral

Held

for

Securities

Loaned

8,298

13,411

1.5

Total

Value

$16,421

$36,219

Fund

Net

Realized

Gain/(Loss)

Change

in

Unrealized

Appreciation/

(Depreciation)

Distributions

of

Realized

Capital

Gains

Income

Earned

11/1/2020

-

1/29/2021

Affiliated

Short-Term

Investments

Core

Short-Term

Reserve,

0.200%

$–

$–

$–

$12

Total

Income/Non

Income

Cash

from

Affiliated

Investments

$12

Collateral

Held

for

Securities

Loaned

Cash

Management

Trust-

Collateral

Investment  

–

–

0

7

Total

Affiliated

Income

from

Securities

Loaned,

Net

$7

Total

$–

$–

$0

Notes

to

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

281

SIGNIFICANT

ACCOUNTING

POLICIES

Valuation

of

Investments 

—

Securities

traded

on

U.S.

or

foreign

securities

exchanges

or

included

in

a

national

market

system

are

valued

at

the

last

sale

price

on

the

principal

exchange

as

of

the

close

of

regular

trading

on

such

exchange

or

the

official

closing

price

of

the

national

market

system.  Over-the-counter

securities

and

listed

securities

for

which

no

price

is

readily

available

are

valued

at

the

current

bid

price

considered

best

to

represent

the

value

at

that

time.

Security

prices

are

based

on

quotes

that

are

obtained

from

an

independent

pricing

service

approved

by

the

Trust’s

Board

of

Trustees

(“Board”).

The

pricing

service,

in

determining

values

of

fixed-income

securities,

takes

into

consideration

such

factors

as

current

quotations

by

broker/dealers,

coupon,

maturity,

quality,

type

of

issue,

trading

characteristics,

and

other

yield

and

risk

factors

it

deems

relevant

in

determining

valuations.

Securities

which

cannot

be

valued

by

the

approved

pricing

service

are

valued

using

valuations

obtained

from

dealers

that

make

markets

in

the

securities.

Exchange-listed

options and

futures

contracts

are

valued

at

the

primary

exchange

settle

price. 

Exchange

cleared

swap

agreements are

valued at the

clearinghouse

end

of

day

price. 

Swap

agreements

not

cleared

on

exchanges will

be

valued at

the

mid-price

from

the

primary

approved pricing

service. 

Forward

foreign

currency

exchange

contracts

are

marked-to-

market

based

upon

foreign

currency

exchange

rates

provided

by

the

pricing

service.

Investments

in

open-ended

mutual

funds

are

valued

at

the

net

asset

value

at

the

close

of

each

business

day.

Securities

held

by

the

Money

Market

Fund

are

valued

on

the

basis

of

amortized

cost

(which

approximates

market

value),

whereby

a

portfolio

security

is

valued

at

its

cost

initially

and

thereafter

valued

to

reflect

a

constant

amortization

to

maturity

of

any

discount

or

premium.

The

Money

Market

Fund

and

the

Trust’s

investment

adviser,

Thrivent

Asset

Management,

LLC

(“Thrivent

Asset

Mgt.”

or

the

“Adviser”),

follow

procedures

designed

to

help

maintain

a

constant

net

asset

value

of

$1.00

per

share. 

The

Board

has

delegated

responsibility

for

daily

valuation

of

the

Funds'

securities

to

the

Funds'

investment

Adviser.

The

Adviser

has

formed

a

Valuation

Committee

(“Committee”)

that

is

responsible

for

overseeing

the

Funds'

valuation

policies

in

accordance

with

Valuation

Policies

and

Procedures.

The

Committee

meets

on

a

monthly

and

on

an

as-needed

basis

to

review

price

challenges,

price

overrides,

stale

prices,

shadow

prices,

manual

prices,

money

market

pricing,

international

fair

valuation,

and

other

securities

requiring

fair

valuation. 

The

Committee

monitors

for

significant

events

occurring

prior

to

the

close

of

trading

on

the

New

York

Stock

Exchange

that

could

have

a

material

impact

on

the

value

of

any

securities

that

are

held

by

the

Funds.

Examples

of

such

events

include

trading

halts,

national

news/events,

and

issuer-specific

developments.

If

the

Committee

decides

that

such

events

warrant

using

fair

value

estimates,

the

Committee

will

take

such

events

into

consideration

in

determining

the

fair

value

of

such

securities.

If

market

quotations

or

prices

are

not

readily

available

or

determined

to

be

unreliable,

the

securities

will

be

valued

at

fair

value

as

determined

in

good

faith

pursuant

to

procedures

adopted

by

the

Board.

In

accordance

with

U.S.

Generally

Accepted

Accounting

Principles

("GAAP"),

the

various

inputs

used

to

determine

the

fair

value

of

the

Funds’

investments

are

summarized

in

three

broad

levels.  Level

1

includes

quoted

prices

in

active

markets

for

identical

securities,

typically

included

in

this

level

are

U.S.

equity

securities,

futures,

options

and

registered

investment

company

funds.  Level

2

includes

other

significant

observable

inputs

such

as

quoted

prices

for

similar

securities,

interest

rates,

prepayment

speeds

and

credit

risk,

typically

included

in

this

level

are

fixed

income

securities,

international

securities,

swaps

and

forward

contracts.  Level

3

includes

significant

unobservable

inputs

such

as

the

Adviser’s

own

assumptions

and

broker

evaluations

in

determining

the

fair

value

of

investments.

The

valuation

levels

are

not

necessarily

an

indication

of

the

risk

associated

with

investing

in

these

securities

or

other

investments. 

Investments

measured

using

net

asset

value

per

share

as

a

practical

expedient

for

fair

value

and

that

are

not

publicly

available

for

sale

are

not

categorized

within

the

fair

value

hierarchy.

Valuation

of

International

Securities

—

The

Funds

value

certain

foreign

securities

traded

on

foreign

exchanges

that

close

prior

to

the

close of

the

New

York

Stock

Exchange

using

a

fair

value

pricing

service. 

The

fair

value

pricing

service

uses

a

multi-factor

model

that

may

take

into

account

the

local

close,

relevant

general

and

sector

indices,

currency

fluctuation,

prices

of

other

securities

(including

ADRs,

New

York

registered

shares,

and

ETFs),

and

futures,

as

applicable,

to

determine

price

adjustments

for

each

security

in

order

to

reflect

the

effects

of

post-closing

events. 

The

Board

has

authorized

the

Adviser

to

make

fair

valuation

determinations

pursuant

to

policies

approved

by

the

Board.

Derivative

Financial

Instruments 

—

Each Fund,

with

the

exception

of the

Money

Market

Fund,

may

invest

in

derivatives, a

category

that

includes

options,

futures,

swaps,

foreign

currency

forward

contracts

and

hybrid

instruments. Derivatives are

financial

instruments

whose

value

is

derived

from

another

security,

an

index

or

a

currency.

Each applicable

Fund

may

use

derivatives

for

hedging

(attempting

to

offset

a

potential

loss

in

one

position

by

establishing

an

interest

in

an

opposite

position).

This

includes

the

use

of

currency-based

derivatives to

manage

the

risk

of its

positions

in

foreign

securities.

Each applicable

Fund

may

also

use

derivatives

for

replication

of

a

certain

asset

class

or

speculation

(investing

for

potential

income

or

capital

gain).

These

contracts

may

be

transacted

on

an

exchange

or

over-the-counter

("OTC").

A

derivative

may

incur

a

mark

to

market

loss

if

the

value

of

the

derivative

decreases

due

to

an

unfavorable

change

in

the

market

rates

or

values

of

the

underlying

derivative.

Losses

can

also

occur

if

the

counterparty

does

not

perform

under

the

derivative.

A

Fund’s

risk

of

loss

from

the

counterparty

credit

risk

on

OTC

derivatives

is

generally

limited

to

the

aggregate

unrealized

gain

netted

against

any

collateral

held

by

such

Fund.

With

exchange

traded

futures

and

centrally

cleared

swaps,

there

is

minimal

counterparty

credit

risk

to

the

Funds

because

the

exchange’s

clearinghouse,

as

Notes

to

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

282

counterparty

to

such

derivatives,

guarantees

against

a

possible

default.

The

clearinghouse

stands

between

the

buyer

and

the

seller

of

the

derivative;

thus,

the

credit

risk

is

limited

to

the

failure

of

the

clearinghouse.

However,

credit

risk

still

exists

in

exchange

traded

futures

and

centrally

cleared

swaps

with

respect

to

initial

and

variation

margin

that

is

held

in

a

broker’s

customer

accounts.

While

brokers

are

required

to

segregate

customer

margin

from

their

own

assets,

in

the

event

that

a

broker

becomes

insolvent

or

goes

into

bankruptcy

and

at

that

time

there

is

a

shortfall

in

the

aggregate

amount

of

margin

held

by

the

broker

for

all

its

clients,

U.S.

bankruptcy

laws

will

typically

allocate

that

shortfall

on

a

pro-

rata

basis

across

all

of

the

broker’s

customers,

potentially

resulting

in

losses to

the

Funds.

Using

derivatives

to

hedge

can

guard

against

potential

risks,

but

it

also

adds

to

the

Funds'

expenses

and

can

eliminate

some

opportunities

for

gains.

In

addition,

a

derivative

used

for mitigating

exposure or

replication

may

not

accurately

track

the

value

of

the

underlying

asset.

Another

risk

with

derivatives

is

that

some

types

can

amplify

a

gain

or

loss,

potentially

earning

or

losing

substantially

more

money

than

the

actual

cost

of

the

derivative.

 In

order

to

define

their

contractual

rights

and

to

secure

rights

that

will

help

the

Funds

mitigate

their

counterparty

risk,

the

Funds

may

enter

into

an

International

Swaps

and

Derivatives

Association,

Inc.

Master

Agreement

(“ISDA

Master

Agreement”)

or

similar

agreement

with derivative

contract

counterparties.

An

ISDA

Master

Agreement

is

a

bilateral

agreement

between

a

Fund

and

a

counterparty

that

governs

OTC

derivatives

and

foreign

exchange

contracts

and

typically

includes,

among

other

things,

collateral

posting

terms

and

netting

provisions

in

the

event

of

a

default

and/or

termination

event.

Under

an

ISDA

Master

Agreement,

each

Fund

may,

under

certain

circumstances,

offset

with

the

counterparty

certain

derivatives'

payables

and/or

receivables

with

collateral

held

and/or

posted

and

create

one

single

net

payment.

The

provisions

of

the

ISDA

Master

Agreement

typically

permit

a

single

net

payment

in

the

event

of

a

default

(close-out

netting)

including

the

bankruptcy

or

insolvency

of

the

counterparty.

Note,

however,

that

bankruptcy

and

insolvency

laws

of

a

particular

jurisdiction

may

impose

restrictions

on

or

prohibitions

against

the

right

of

offset

in

bankruptcy,

insolvency

or

other

events.

Collateral

and

margin

requirements

vary

by

type

of

derivative.

Margin

requirements

are

established

by

the

broker

or

clearinghouse

for

exchange

traded

and

centrally

cleared

derivatives

(futures,

options,

and

centrally

cleared

swaps).

Brokers

can

ask

for

margining

in

excess

of

the

minimum requirements in

certain

situations.

Collateral

terms

are

contract

specific

for

OTC

derivatives

(foreign

currency

exchange

contracts,

options

and

swaps).

For

derivatives

traded

under

an

ISDA

Master

Agreement,

the

collateral

requirements

are

typically

calculated

by

netting

the

mark

to

market

amount

for

each

transaction

under

such

agreement

and

comparing

that

amount

to

the

value

of

any

collateral

currently

pledged

by

the

Fund

and

the

counterparty.

For

financial

reporting

purposes,

non-cash

collateral

that

has

been

pledged

to

cover

obligations

of

the

Fund

has

been

noted

in

the

Schedule

of

Investments.

To

the

extent

amounts

due

to a

Fund

from

its

counterparties

are

not

fully

collateralized,

contractually

or

otherwise,

the

Fund

bears

the

risk

of

loss

from

counterparty

nonperformance.

The

Funds

attempt

to

mitigate

counterparty

risk

by

only

entering

into

agreements

with

counterparties

that

they

believe

have

the

financial

resources

to

honor

their

obligations

and

by

monitoring

the

financial

stability

of

those

counterparties.

Options 

—

All

Funds,

with

the

exception

of the

Money

Market

Fund, may

buy

put

and

call

options

and

write

put

and

covered

call

options.

The

Funds

intend

to

use

such

derivative

instruments

as

hedges

to

facilitate

buying

or

selling

securities

or

to

provide

protection

against

adverse

movements

in

security

prices

or

interest

rates.

The

Funds

may

also

enter

into

options

contracts

to

protect

against

adverse

foreign

exchange

rate

fluctuations.

Option

contracts

are

valued

daily

and

unrealized

appreciation

or

depreciation

is

recorded.

A

Fund

will

realize

a

gain

or

loss

upon

expiration

or

closing

of

the

option

transaction.

When

an

option

is

exercised,

the

proceeds

upon

sale

for

a

written

call

option

or

the

cost

of

a

security

for

purchased

put

and

call

options

is

adjusted

by

the

amount

of

premium

received

or

paid.

Buying

put

options

tends

to

decrease

a

Fund’s

exposure

to

the

underlying

security

while

buying

call

options

tends

to

increase

a

Fund’s

exposure

to

the

underlying

security.

The

risk

associated

with

purchasing

put

and

call

options

is

limited

to

the

premium

paid.

There

is

no

significant

counterparty

risk

on

exchange-traded

options

as

the

exchange

guarantees

the

contract

against

default.

Writing

put

options

tends

to

increase

a

Fund’s

exposure

to

the

underlying

security

while

writing

call

options

tends

to

decrease

a

Fund’s

exposure

to

the

underlying

security.

The

writer

of

an

option

has

no

control

over

whether

the

underlying

security

may

be

bought

or

sold,

and

therefore

bears

the

market

risk

of

an

unfavorable

change

in

the

price

of

the

underlying

security.

The

counterparty

risk

for

purchased

options

arises

when

a

Fund

has

purchased

an

option,

exercises

that

option,

and

the

counterparty

doesn’t

buy

from

the

Fund

or

sell

to

the

Fund

the

underlying

asset

as

required.

In

the

case

where

a

Fund

has

written

an

option,

the

Fund

doesn’t

have

counterparty

risk.

Counterparty

risk

on

purchased

over-

the-counter

options

is

partially

mitigated

by

the

Fund’s

collateral

posting

requirements.

As

the

option

increases

in

value

to

the

Fund,

the

Fund

receives

collateral

from

the

counterparty.

Risks

of

loss

may

exceed

amounts

recognized

on

the

Statement

of

Assets

and

Liabilities.

During

the period

ended

January

29,

2021,

Aggressive

Allocation,

Government

Bond,

Moderate

Allocation,

Moderately

Aggressive

Allocation,

and

Moderately

Conservative

Allocation

used options

on

mortgage

backed

securities to

generate

income

and/or

to

manage

the

duration

of

the

Fund.

Futures

Contracts 

—

All

Funds,

with

the

exception

of

the

Money

Market

Fund, may

use

futures

contracts

to

manage

the

exposure

to

interest

rate

and

market

or

currency

fluctuations.

Gains

or

losses

on

futures

contracts

can

offset

changes

in

the

yield

of

securities.

When

a

futures

contract

is

opened,

cash

or

other

investments

equal

to

the

required

“initial

margin

deposit”

are

held

on

deposit

with

and

pledged

to

the

broker.

Additional

Notes

to

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

283

securities

held

by

the

Funds

may

be

earmarked

to

cover

open

futures

contracts. A

futures

contract’s

daily

change

in

value

(“variation

margin”)

is

either

paid

to

or

received

from

the

broker,

and

is

recorded

as

an

unrealized

gain

or

loss.

When

the

contract

is

closed,

realized

gain

or

loss

is

recorded

equal

to

the

difference

between

the

value

of

the

contract

when

opened

and

the

value

of

the

contract

when

closed.

Futures

contracts

involve,

to

varying

degrees,

risk

of

loss

in

excess

of

the

variation

margin

disclosed

in

the

Statement

of

Assets

and

Liabilities.

Exchange-traded

futures

have

no

significant

counterparty

risk

as

the

exchange

guarantees

the

contracts

against

default.

During

the period

ended January

29,

2021, Aggressive

Allocation,

Balanced

Income

Plus,

Government

Bond,

High

Income

Municipal

Bond, High

Yield,

Income, Limited

Maturity

Bond,

Moderate

Allocation,

Moderately

Aggressive

Allocation,

Moderately

Conservative

Allocation, and

Opportunity

Income

Plus

used

treasury

futures

to

manage

the

duration

and yield

curve

exposure

of

the

Fund

versus

the

benchmark.

During

the period

ended January

29,

2021,

Aggressive

Allocation,

Balanced

Income

Plus, Global

Stock,

International

Allocation,

Low

Volatility

Equity,

Moderate

Allocation,

Moderately

Aggressive

Allocation, Moderately

Conservative

Allocation

and

Opportunity

Income

Plus

used

equity

futures

to

manage

exposure

to

the

equities

markets.

During

the

period

ended January

29,

2021,

Aggressive

Allocation, Balanced

Income

Plus,

Global

Stock,

International

Allocation, and

Moderately

Conservative

Allocation

used

foreign

exchange

futures

to

hedge

the

currency

risk.

Foreign

Currency

Forward

Contracts 

—

In

connection

with

purchases

and

sales

of

securities

denominated

in

foreign

currencies,

all

Funds,

with

the

exception

of the

Money

Market

Fund,

may

enter

into

foreign

currency

forward contracts.

Additionally,

the

Funds

may

enter

into

such

contracts

to mitigate

currency

and

counterparty

exposure

to other

foreign-currency-denominated

investments.

These

contracts

are

recorded

at

value

and

the realized-

and

change

in

unrealized-

foreign

exchange

gains

and

losses

are

included

in

the

Statement

of

Operations.

In

the

event

that

counterparties

fail

to

settle

these forward

contracts,

the

Funds

could

be

exposed

to

foreign

currency

fluctuations.

Foreign

currency

contracts

are

valued

daily

and

unrealized

appreciation

or

depreciation

is

recorded

daily

as

the

difference

between

the

contract

exchange

rate

and

the

closing

forward

rate

applied

to

the

face

amount

of

the

contract.

A

realized

gain

or

loss

is

recorded

at

the

time

a

forward

contract

is

closed.

These

contracts

are

over-the-counter

and a

Fund

is

exposed

to

counterparty

risk

equal

to

the

discounted

net

amount

of

payments

to

the

Fund. 

During

the period

ended

January

29,

2021,

none

of

the

Funds

engaged

in

this

type

of

transaction.

Swap

Agreements 

—

All

Funds,

with

the

exception

of

the

Money

Market

Fund, may enter

into

swap

transactions,

which

involve

swapping

one

or

more

investment

characteristics

of

a

security

or

a

basket

of

securities

with

another

party.

Such

transactions

include

market

risk,

risk

of

default

by

the

other

party

to

the

transaction,

risk

of

imperfect

correlation

and

manager

risk

and

may

involve

commissions

or

other

costs.

Swap

transactions

generally

do

not

involve

delivery

of

securities,

other

underlying

assets

or

principal.

Accordingly,

the

risk

of

loss

with

respect

to

swap

transactions

is

generally

limited

to

the

net

amount

of

payments

that

the

Fund

is

contractually

obligated

to

make,

or

in

the

case

of

the

counterparty

defaulting,

the

net

amount

of

payments

that

the

Fund

is

contractually

entitled

to

receive.

Risks

of

loss

may

exceed

amounts

recognized

on

the

Statement

of

Assets

and

Liabilities.

If

there

is

a

default

by

the

counterparty,

the

Fund

may

have

contractual

remedies

pursuant

to

the

agreements

related

to

the

transaction.

The

contracts

are

valued

daily

and

unrealized

appreciation

or

depreciation

is

recorded.

Swap

agreements

are

valued

at

the

clearinghouse

end

of

day

prices

as

furnished by

an

independent

pricing

service.

The

pricing

service

takes

into

account

such

factors

as

swap

curves,

default

probabilities,

recent

trades,

recovery

rates

and

other

factors

it

deems

relevant

in

determining

valuations.

Daily

fluctuations

in

the

value

of

the

centrally

cleared

credit

default

contracts

are

recorded

in

variation

margin

in

the

Statement

of

Assets

and

Liabilities

and

recorded

as

unrealized

gain

or

loss.

The

Fund

accrues

for

the

periodic

payment

and

amortizes

upfront

payments,

if

any,

on

swap

agreements

on

a

daily

basis

with

the

net

amount

recorded

as

realized

gains

or

losses

in

the

Statement

of

Operations.

Receipts

and

payments

received

or

made

as

a

result

of

a

credit

event

or

termination

of

the

contract

are

also

recognized

as

realized

gains

or

losses

in

the

Statement

of

Operations.

Collateral,

in

the

form

of

cash

or

securities,

may

be

required

to

be

held

with

the

Fund’s

custodian,

or

a

third

party,

in

connection

with

these

agreements.

Certain swap

agreements

are

over-the-counter. In

these

types

of

transactions,

the

Fund

is

exposed

to

counterparty

risk,

which

is

the

discounted

net

amount

of

payments

owed

to

the

Fund.

This

risk

is

partially

mitigated

by

the

Fund’s

collateral

posting

requirements.

As

the

swap

increases

in

value

to

the

Fund,

the

Fund

receives

collateral

from

the

counterparty.  Certain

interest

rate

and

credit

default

index

swaps

must

be

cleared

through

a

clearinghouse

or

central

counterparty.

Credit

Default

Swaps 

—

A

credit

default

swap

is

a

swap

agreement

between

two

parties

to

exchange

the

credit

risk

of

a

particular

issuer,

basket

of

securities

or

reference

entity.

In

a

credit

default

swap

transaction,

a

buyer

pays

periodic

fees

in

return

for

payment

by

the

seller

which

is

contingent

upon

an

adverse

credit

event

occurring

in

the

underlying

issuer

or

reference

entity.

The

seller

collects

periodic

fees

from

the

buyer

and

profits

if

the

credit

of

the

underlying

issuer

or

reference

entity

remains

stable

or

improves

while

the

swap

is

outstanding,

but

the

seller

in

a

credit

default

swap

contract

would

be

required

to

pay

the

amount

of

credit

loss,

determined

as

specified

in

the

agreement,

to

the

buyer

in

the

event

of

an

adverse

credit

event

in

the

reference

entity.

A

Notes

to

Schedule

of

Investments

as

of

January

29,

2021

(unaudited)

284

buyer

of

a

credit

default

swap

is

said

to

buy

protection

whereas

a

seller

of

a

credit

default

swap

is

said

to

sell

protection.

The

Funds

may

be

either

the

protection

seller

or

the

protection

buyer.

Certain

Funds

enter

into

credit

default

derivative

contracts

directly

through

credit

default

swaps

(CDS)

or

through

credit

default

swap

indices

("CDX

Indices").

CDX

indices

are

static

pools

of

equally

weighted

credit

default

swaps

referencing

corporate

bonds

and/or

loans

designed

to increase

or

decrease diversified

credit

exposure

to

these

asset

classes.

Funds

sell

default

protection

and

assume

long-risk

positions

in

individual

credits

or

indices.

Index

positions

are

entered

into

to

gain

exposure

to

the

corporate

bond

and/or

loan

markets

in

a

cost-efficient

and

diversified

structure.

In

the

event

that

a

position

defaults,

by

going

into

bankruptcy

and

failing

to

pay

interest

or

principal

on

borrowed

money,

within

any

given

CDX

Index

held,

the

maximum

potential

amount

of

future

payments

required

would

be

equal

to

the

pro-rata

share

of

that

position

within

the

index

based

on

the

notional

amount

of

the

index.

In

the

event

of

a

default

under

a

CDS

contract

the

maximum

potential

amount

of

future

payments

would

be

the

notional

amount.

Funds

buy

default

protection

in

order

to

reduce

their

overall

credit

exposure

to

the

corporate

bond

and/or

loan

markets

in

a

cost-efficient

and

diversified

structure. 

If

a

default

event

as

specified

in

the

CDS

reference

entity

agreement

occurs,

the

Fund

has

the

option

to

receive

a

cash

payment

in

exchange

for

the

credit

loss

or

the

reference

entity

obligation

as

of

the

date

of

the

credit

event. 

A

realized

gain

or

loss

is

recorded

upon

a

default

event

or

the

maturity

or

termination

of

the

CDS

agreement. 

For

CDS,

the

default

events

could

be

bankruptcy

and

failing

to

pay

interest

or

principal

on

borrowed

money

or

a

restructuring.

A

restructuring

is

a

change

in

the

underlying

obligations

which

could

include

a

reduction

in

interest

or

principal,

maturity

extension and

subordination

to

other

obligations.

During

the

period

ended January

29,

2021,

High

Yield

used

CDX

indexes

(comprised

of

credit

default

swaps)

to

help

manage

credit

risk

exposures

within

the

Fund.

Total

Rate

of

Return Swaps

—

A

total

rate

of

return

swap

is

a

swap

agreement

between

two

parties

to

exchange

the

total

return

of a

particular

reference

asset.  A

total

return

swap

involves

commitments

to

pay

interest

in

exchange

for

a

market

linked

return

based

on

a

notional

amount. 

To

the

extent

that

the

total

return

of

the

security,

group

of

securities,

or

index

underlying

the

transactions

exceeds

or

fall

short

of

the

offsetting

interest

obligation,

the

Funds

will

receive

a

payment

from

or

make

a

payment

to

the

counterparty. 

The

Funds

may

take

a

"long"

or

"short"

position

with

respect

to

the

underlying

referenced

asset. 

 For

financial

reporting

purposes,

the

Funds

do

not

offset

derivative

assets

and

derivative

liabilities

that

are

subject

to

netting

arrangements

in

the

Statement

of

Assets

and

Liabilities.

 Additional

information

for

the

Funds’

policy

regarding

valuation

of

investments

and

other

significant

accounting

policies

can

be

obtained

by

referring

to

the

Funds’

most

recent

annual

or

semiannual

shareholder

report.