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	Par Value		Value
U.S. GOVERNMENT SECURITIES—4.2%
U.S. Treasury Bond 3.000%, 8/15/48	$	7,745	$	9,514
U.S. Treasury Note
2.250%, 3/31/21		125		126
2.000%, 2/15/25		135		139
2.625%, 2/15/29		950		1,044
TOTAL U.S. GOVERNMENT SECURITIES (Identified Cost $9,062)				10,823

MUNICIPAL BONDS—1.5%

California—0.8%
State of California, Build America Bonds Taxable 7.600%, 11/1/40		1,000		1,724
University of California, Series B-A, Taxable 4.428%, 5/15/48		290		326

				2,050

Idaho—0.2%
Idaho Health Facilities Authority Saint Luke’s Health System Revenue Taxable 5.020%, 3/1/48		355		452


New York—0.3%
New York City Transitional Finance Authority Future Tax Secured Revenue 4.000%, 5/1/42		695		806

Virginia—0.2%
City of Bristol, General Obligation Taxable 4.210%, 1/1/42		565		600
TOTAL MUNICIPAL BONDS (Identified Cost $3,566)				3,908

FOREIGN GOVERNMENT SECURITIES—0.7%
Dominican Republic 144A 5.950%, 1/25/27⁽¹⁾		230		252


	Par Value		Value
FOREIGN GOVERNMENT SECURITIES—continued
Kingdom of Jordan 144A 5.750%, 1/31/27⁽¹⁾	$	260	$	264
Kingdom of Saudi Arabia 144A 4.375%, 4/16/29⁽¹⁾		310		357
Republic of Turkey
7.375%, 2/5/25		170		176
6.000%, 3/25/27		245		233
Sultanate of Oman
144A 5.375%, 3/8/27⁽¹⁾		285		279
144A 5.625%, 1/17/28⁽¹⁾		200		197
TOTAL FOREIGN GOVERNMENT SECURITIES (Identified Cost $1,697)				1,758

MORTGAGE-BACKED SECURITIES—13.9%

Agency—0.5%
Federal National Mortgage Association Pool #MA3638 4.000%, 4/1/49		1,258		1,305

Non-Agency—13.4%
Ajax Mortgage Loan Trust
2019-D, A1 144A 2.956%, 9/25/65⁽¹⁾⁽²⁾		545		546
2018-C, A 144A 4.360%, 9/25/65⁽¹⁾⁽²⁾		388		395
American Homes 4 Rent Trust 2014-SFR2, C 144A 4.705%, 10/17/36⁽¹⁾		610		666
Angel Oak Mortgage Trust 2019-3, A1 144A 2.930%, 5/25/59⁽¹⁾⁽²⁾		395		397
Angel Oak Mortgage Trust I LLC
2018-2, A1 144A 3.674%, 7/27/48⁽¹⁾⁽²⁾		405		409
2018-3, A1 144A 3.649%, 9/25/48⁽¹⁾⁽²⁾		454		459


	Par Value		Value
Non-Agency—continued
2019-1, A1 144A 3.920%, 11/25/48⁽¹⁾⁽²⁾	$	396	$	403
Arroyo Mortgage Trust
2018-1, A1 144A 3.763%, 4/25/48⁽¹⁾⁽²⁾		331		338
2019-1, A1 144A 3.805%, 1/25/49⁽¹⁾⁽²⁾		229		234
2019-2, A1 144A 3.347%, 4/25/49⁽¹⁾⁽²⁾		232		235
Bank of America (Merrill Lynch) Commercial Mortgage Securities Trust 2015-200P, A 144A 3.218%, 4/14/33⁽¹⁾		1,085		1,150
Bayview Opportunity Master Fund IVa Trust
2016-SPL1, B1 144A 4.250%, 4/28/55⁽¹⁾		395		417
2017-SPL5, B1 144A 4.000%, 6/28/57⁽¹⁾⁽²⁾		175		183
Bunker Hill Loan Depositary Trust 2019-1, A1 144A 3.613%, 10/26/48⁽¹⁾⁽²⁾		226		229
BX Trust 2018-MCSF, A (1 month LIBOR + 0.577%) 144A 2.772%, 4/15/35⁽¹⁾⁽²⁾		315		314
Caesars Palace Las Vegas Trust 2017-VICI, C 144A 4.138%, 10/15/34⁽¹⁾		470		494
Chase Home Lending Mortgage Trust 2019-ATR1, A4 144A 4.000%, 4/25/49⁽¹⁾⁽²⁾		274		277
Citigroup Commercial Mortgage Trust 2013-375P, B 144A 3.635%, 5/10/35⁽¹⁾⁽²⁾		370		385


	Par Value		Value
Non-Agency—continued
2019-SST2, A (1 month LIBOR + 0.920%) 144A 3.115%, 12/15/36⁽¹⁾⁽²⁾	$	385	$	384
Citigroup Mortgage Loan Trust
2019-IMC1, A1 144A 2.720%, 7/25/49^(1)(2)(3)		275		275
2019-RP1, A1 144A 3.500%, 1/25/66⁽¹⁾⁽²⁾		258		266
COLT Mortgage Loan Trust Funding LLC
2019-1, A1 144A 3.705%, 3/25/49⁽¹⁾⁽²⁾		340		345
2019-3, A1 144A 2.764%, 8/25/49⁽¹⁾⁽²⁾		580		583
CoreVest American Finance Trust 2018-2, A 144A 4.026%, 11/15/52⁽¹⁾		310		328
Credit Suisse First Boston Mortgage Securities Corp. 2003-AR30, 5A1 4.514%, 1/25/34⁽²⁾		128		131
Credit Suisse Mortgage Capital Certificates 2019-ICE4, A (1 month LIBOR + 0.980%) 144A 3.175%, 5/15/36⁽¹⁾⁽²⁾		340		340
Deephaven Residential Mortgage Trust 2017-1A, A2 144A 2.928%, 12/26/46⁽¹⁾⁽²⁾		78		78
Ellington Financial Mortgage Trust
2017-1, A1 144A 2.687%, 10/25/47⁽¹⁾⁽²⁾		236		235
2018-1, A1FX 144A 4.140%, 10/25/58⁽¹⁾⁽²⁾		154		156
2019-1, A1 144A 2.934%, 6/25/59⁽¹⁾⁽²⁾		309		311


	Par Value		Value
Non-Agency—continued
Galton Funding Mortgage Trust
2017-1, A21 144A 3.500%, 7/25/56⁽¹⁾⁽²⁾	$	162	$	165
2018-2, A41 144A 4.500%, 10/25/58⁽¹⁾⁽²⁾		307		314
GCAT LLC 2019-NQM1, A1 144A 2.985%, 2/25/59⁽¹⁾⁽²⁾		265		269
Hilton USA Trust 2016-SFP, B 144A 3.323%, 11/5/35⁽¹⁾		965		967
Homeward Opportunities Fund I Trust 2019-1, A1 144A 3.454%, 1/25/59⁽¹⁾⁽²⁾		417		422
JPMorgan Chase (Bear Stearns) Alternate Loan Trust 2004-5, 3A1 4.614%, 6/25/34⁽²⁾		343		352
JPMorgan Chase Commercial Mortgage Securities Trust 2015-C31, AS 4.106%, 8/15/48		340		371
JPMorgan Chase Mortgage Trust
2014-5, B2 144A 2.982%, 10/25/29⁽¹⁾⁽²⁾		137		136
2016-SH2, M2 144A 3.750%, 12/25/45⁽¹⁾⁽²⁾		539		565
2017-3, 2A2 144A 2.500%, 8/25/47⁽¹⁾⁽²⁾		189		189
KNDL Mortgage Trust 2019-KNSQ, A (1 month LIBOR + 0.800%) 144A 2.995%, 5/15/36⁽¹⁾⁽²⁾		340		340
Lending Home Mortgage Trust 2019-RTL1, A1 144A 4.580%, 10/25/23⁽¹⁾⁽²⁾		380		385
MetLife Securitization Trust 2017-1A, M1 144A 3.723%, 4/25/55⁽¹⁾⁽²⁾		135		142


	Par Value		Value
Non-Agency—continued
2019-1A, A1A 144A 3.750%, 4/25/58⁽¹⁾⁽²⁾	$	386	$	402
Mill City Mortgage Loan Trust 2018-4, A1B 144A 3.500%, 4/25/66⁽¹⁾⁽²⁾		770		793
New Residential Mortgage Loan Trust
2018-4A, A1S (1 month LIBOR + 0.750%) 144A 2.895%, 1/25/48⁽¹⁾⁽²⁾		99		99
2016-4A, A1 144A 3.750%, 11/25/56⁽¹⁾⁽²⁾		57		59
2016-4A, B1A 144A 4.500%, 11/25/56⁽¹⁾⁽²⁾		645		697
2017-2A, A3 144A 4.000%, 3/25/57⁽¹⁾⁽²⁾		228		239
2018-1A, A1A 144A 4.000%, 12/25/57⁽¹⁾⁽²⁾		462		481
OBX Trust
2018-EXP2, 1A1 144A 4.000%, 11/25/48⁽¹⁾⁽²⁾		518		522
2019-INV1, A3 144A 4.500%, 11/25/48⁽¹⁾⁽²⁾		317		328
One Market Plaza Trust 2017-1MKT, A 144A 3.614%, 2/10/32⁽¹⁾		345		360
Preston Ridge Partners Mortgage LLC
2019-1A, A1 144A 4.500%, 1/25/24⁽¹⁾⁽²⁾		462		467
2019-2A, A1 144A 3.967%, 4/25/24⁽¹⁾⁽²⁾		391		394
Pretium Mortgage Credit Partners I LLC 2019-NPL1, A1 144A 4.213%, 7/25/60⁽¹⁾⁽²⁾		252		255
Progress Residential Trust
2017-SFR1, B 144A 3.017%, 8/17/34⁽¹⁾		635		643
2018-SFR1, B 144A 3.484%, 3/17/35⁽¹⁾		300		304
2018-SFR2, B 144A 3.841%, 8/17/35⁽¹⁾		185		190
2019-SFR3, B 144A 2.571%, 9/17/36⁽¹⁾		280		281


	Par Value		Value
Non-Agency—continued
RCO V Mortgage LLC 2019-1, A1 144A 3.721%, 5/24/24⁽¹⁾⁽²⁾	$	107	$	108
Residential Mortgage Loan Trust
2019-1, A1 144A 3.936%, 10/25/58⁽¹⁾⁽²⁾		146		148
2019-2, A1 144A 2.913%, 5/25/59⁽¹⁾⁽²⁾		395		397
Sequoia Mortgage Trust 2013-8, B1 3.530%, 6/25/43⁽²⁾		332		341
Stack Infrastructure Issuer LLC 2019-1A, A2 144A 4.540%, 2/25/44⁽¹⁾		368		389
Starwood Mortgage Residential Trust 2019-IMC1, A1 144A 3.468%, 2/25/49⁽¹⁾⁽²⁾		229		233
Structured Adjustable Rate Mortgage Loan Trust 2004-4, 3A2 4.707%, 4/25/34⁽²⁾		114		118
Towd Point Mortgage Trust
2019-HE1, A1 (1 month LIBOR + 0.900%) 144A 3.045%, 4/25/48⁽¹⁾⁽²⁾		195		195
2015-1, A2 144A 3.250%, 10/25/53⁽¹⁾⁽²⁾		610		613
2015-6, M1 144A 3.750%, 4/25/55⁽¹⁾⁽²⁾		185		198
2016-2, A1 144A 3.000%, 8/25/55⁽¹⁾⁽²⁾		263		266
2017-1, M1 144A 3.750%, 10/25/56⁽¹⁾⁽²⁾		200		210
2017-6, A2 144A 3.000%, 10/25/57⁽¹⁾⁽²⁾		330		338
2018-6, A2 144A 3.750%, 3/25/58⁽¹⁾⁽²⁾		480		511
2019-1, A1 144A 3.750%, 3/25/58⁽¹⁾⁽²⁾		584		613
2018-4, A1 144A 3.000%, 6/25/58⁽¹⁾⁽²⁾		593		605
2018-SJ1, A1 144A 4.000%, 10/25/58⁽¹⁾⁽²⁾		148		149


	Par Value		Value
Non-Agency—continued
2015-2, 1M1 144A 3.250%, 11/25/60⁽¹⁾⁽²⁾	$	350	$	359
Tricon American Homes Trust
2016-SFR1, C 144A 3.487%, 11/17/33⁽¹⁾		975		987
2017-SFR1, A 144A 2.716%, 9/17/34⁽¹⁾		369		372
VCAT LLC 2019-NPL1, A1 144A 4.360%, 2/25/49⁽¹⁾⁽²⁾		279		282
Vericrest Opportunity Loan Trust 2019-NPL2, A1 144A 3.967%, 2/25/49⁽¹⁾⁽²⁾		256		257
Vericrest Opportunity Loan Trust LXIX LLC 2018-NPL5, A1A 144A 4.213%, 8/25/48⁽¹⁾⁽²⁾		314		315
Vericrest Opportunity Loan Trust LXXI LLC 2018-NPL7, A1A 144A 3.967%, 9/25/48⁽¹⁾⁽²⁾		138		139
Vericrest Opportunity Loan Trust LXXV LLC 2019-NPL1, A1A 144A 4.336%, 1/25/49⁽¹⁾⁽²⁾		328		330
Verus Securitization Trust
2017-2A, A1 144A 2.485%, 7/25/47⁽¹⁾⁽²⁾		175		174
2018-1, A1 144A 2.929%, 2/25/48⁽¹⁾⁽²⁾		139		139
2018-2, A1 144A 3.677%, 6/1/58⁽¹⁾⁽²⁾		456		460
2018-3, A1 144A 4.108%, 10/25/58⁽¹⁾⁽²⁾		521		527
2019-1, A1 144A 3.836%, 2/25/59⁽¹⁾⁽²⁾		399		405
2019-INV1, A1 144A 3.402%, 12/25/59⁽¹⁾⁽²⁾		236		238
Wells Fargo Commercial Mortgage Trust
2014-C24, AS 3.931%, 11/15/47		340		365
2015-LC20, A5 3.184%, 4/15/50		340		359


	Par Value		Value
Non-Agency—continued
2015-LC20, B 3.719%, 4/15/50	$	675	$	713

				33,947
TOTAL MORTGAGE-BACKED SECURITIES
(Identified Cost $34,589)				35,252

ASSET-BACKED SECURITIES—5.8%

Auto Floor Plan—0.1%
NextGear Floorplan Master Owner Trust 2018-1A, A2 144A 3.220%, 2/15/23⁽¹⁾		355		360


Automobiles—4.0%
ACC Trust
2018-1, A 144A 3.700%, 12/21/20⁽¹⁾		64		64
2018-1, B 144A 4.820%, 5/20/21⁽¹⁾		335		337
2019-1, A 144A 3.750%, 5/20/22⁽¹⁾		283		285
American Credit Acceptance Receivables Trust
2017-2, C 144A 2.860%, 6/12/23⁽¹⁾		189		189
2018-3, C 144A 3.750%, 10/15/24⁽¹⁾		430		435
2018-4, C 144A 3.970%, 1/13/25⁽¹⁾		400		407
2019-2, C 144A 3.170%, 6/12/25⁽¹⁾		340		344


	Par Value		Value
Automobiles—continued
Carvana Auto Receivables Trust 2019-1A, D 144A 3.880%, 10/15/24⁽¹⁾	$	385	$	399
Centre Point Funding LLC 2012-2A, 1 144A 2.610%, 8/20/21⁽¹⁾		204		204
CPS Auto Receivables Trust 2017-D, B 144A 2.430%, 1/18/22⁽¹⁾		335		335
DT Auto Owner Trust
2018-3A, C 144A 3.790%, 7/15/24⁽¹⁾		285		292
2019-2A, B 144A 2.990%, 4/17/23⁽¹⁾		340		344
Exeter Automobile Receivables Trust
2015-2A, C 144A 3.900%, 3/15/21⁽¹⁾		131		131
2016-3A, B 144A 2.840%, 8/16/21⁽¹⁾		208		208
2019-2A, C 144A 3.300%, 3/15/24⁽¹⁾		345		352
First Investors Auto Owner Trust 2017-2A, B 144A 2.650%, 11/15/22⁽¹⁾		415		416
Flagship Credit Auto Trust
2016-2, B 144A 3.840%, 9/15/22⁽¹⁾		285		286
2017-3, C 144A 2.910%, 9/15/23⁽¹⁾		505		509
2019-1, C 144A 3.600%, 2/18/25⁽¹⁾		235		243


	Par Value		Value
Automobiles—continued
Foursight Capital Automobile Receivables Trust 2017-1, B 144A 3.050%, 12/15/22⁽¹⁾	$	400	$	403
GLS Auto Receivables Trust
2017-1A, B 144A 2.980%, 12/15/21⁽¹⁾		525		526
2018-3A, C 144A 4.180%, 7/15/24⁽¹⁾		515		534
Hertz Vehicle Financing II LP 2019-1A, A 144A 3.710%, 3/25/23⁽¹⁾		310		320
OneMain Direct Auto Receivables Trust 2017-2A, C 144A 2.820%, 7/15/24⁽¹⁾		415		416
Prestige Auto Receivables Trust
2017-1A, C 144A 2.810%, 1/17/23⁽¹⁾		505		508
2019-1A, D 144A 3.010%, 8/15/25⁽¹⁾		345		351
Santander Drive Auto Receivables Trust 2016-1, C 3.090%, 4/15/22		79		79
Tricolor Auto Securitization Trust 2018-2A, B 144A 4.760%, 2/15/22⁽¹⁾		318		324
United Auto Credit Securitization Trust 2019-1, D 144A 3.470%, 8/12/24⁽¹⁾		340		344
Westlake Automobile Receivables Trust 2017-2A, C 144A 2.590%, 12/15/22⁽¹⁾		505		505

				10,090


	Par Value		Value
Consumer Loans—0.2%
SoFi Consumer Loan Program Trust 2019-3, A144A 2.900%, 5/25/28⁽¹⁾	$	363	$	366


Other—1.5%
Amur Equipment Finance Receivables VI LLC 2018-2A, A2 144A 3.890%, 7/20/22⁽¹⁾		392		398
DB Master Finance LLC 2017-1A, A2I 144A 3.629%, 11/20/47⁽¹⁾		417		426
Dell Equipment Finance Trust 2017-2, A3 144A 2.190%, 10/24/22⁽¹⁾		310		310
Diamond Resorts Owner Trust 2017-1A, A 144A 3.270%, 10/22/29⁽¹⁾		160		162
Drug Royalty II LP 2 2014-1, A2 144A 3.484%, 7/15/23⁽¹⁾		37		37
Foundation Finance Trust 2019-1A, A 144A 3.860%, 11/15/34⁽¹⁾		334		342
Orange Lake Timeshare Trust 2019-A, B 144A 3.360%, 4/9/38⁽¹⁾		380		388
Primose Funding LLC 2019-1A, A2 144A 4.475%, 7/30/49⁽¹⁾		345		348
Prosper Marketplace Issuance Trust 2018-1A, A 144A 3.110%, 6/17/24⁽¹⁾		6		6
Small Business Lending Trust 2019-A, A 144A 2.850%, 7/15/26⁽¹⁾		350		350
SoFi Consumer Loan Program LLC
2016-3, A 144A 3.050%, 12/26/25⁽¹⁾		85		86
2017-1, A 144A 3.280%, 1/26/26⁽¹⁾		113		114


	Par Value		Value
Other—continued
TGIF Funding LLC 2017-1A, A2 144A 6.202%, 4/30/47⁽¹⁾	$	154	$	152
Trinity Rail Leasing LLC 2019-1A, A 144A 3.820%, 4/17/49⁽¹⁾		337		357
Upgrade Master Pass-Through-Trust 2019-ST1, A 144A 4.000%, 7/15/25⁽¹⁾⁽³⁾		393		393

				3,869
TOTAL ASSET-BACKED SECURITIES
(Identified Cost $14,511)				14,685

CORPORATE BONDS AND NOTES—24.3%

Communication Services—1.2%
AT&T, Inc.
4.100%, 2/15/28		325		355
(3 month LIBOR + 1.180%) 3.616%, 6/12/24⁽²⁾		135		137
Comcast Corp. 4.150%, 10/15/28		91		103
Diamond Sports Group LLC
144A 5.375%, 8/15/26⁽¹⁾		155		163
144A 6.625%, 8/15/27⁽¹⁾		85		89
Discovery Communications LLC 3.950%, 3/20/28		475		499
DISH DBS Corp. 5.875%, 7/15/22		185		191
Frontier Communications Corp. 144A 8.500%, 4/1/26⁽¹⁾		125		122
iHeartCommunications, Inc. 144A 5.250%, 8/15/27⁽¹⁾		30		32
Meredith Corp. 6.875%, 2/1/26		185		195


	Par Value		Value
Communication Services—continued
Sirius XM Radio, Inc.
144A 4.625%, 7/15/24⁽¹⁾	$	45	$	47
144A 5.500%, 7/1/29⁽¹⁾		90		98
Sprint Spectrum Co., LLC
144A 3.360%, 9/20/21⁽¹⁾		112		113
144A 4.738%, 3/20/25⁽¹⁾		465		493
Verizon Communications, Inc. 4.125%, 3/16/27⁽⁴⁾		330		368

				3,005


Consumer Discretionary—1.8%
Bunge Ltd. Finance Corp. 4.350%, 3/15/24		290		310
Dollar Tree, Inc. 4.000%, 5/15/25		440		465
Eldorado Resorts, Inc. 6.000%, 9/15/26		90		98
Frontdoor, Inc. 144A 6.750%, 8/15/26⁽¹⁾		175		190
Gateway Casinos & Entertainment Ltd. 144A 8.250%, 3/1/24⁽¹⁾		135		140
GLP Capital LP 5.750%, 6/1/28		395		449
Hilton Domestic Operating Co., Inc. 144A 4.875%, 1/15/30⁽¹⁾		75		80
IAA, Inc. 144A 5.500%, 6/15/27⁽¹⁾		30		32
Lear Corp. 3.800%, 9/15/27		505		509
MGM Growth Properties Operating Partnership LP 144A 5.750%, 2/1/27⁽¹⁾		140		155
Panther BF Aggregator 2 LP 144A 6.250%, 5/15/26⁽¹⁾		15		16


	Par Value		Value
Consumer Discretionary—continued
Prime Security Services Borrower LLC
144A 5.250%, 4/15/24⁽¹⁾	$	40	$	41
144A 5.750%, 4/15/26⁽¹⁾		20		21
PulteGroup, Inc. 6.375%, 5/15/33		280		304
QVC, Inc. 4.375%, 3/15/23		665		695
Scientific Games International, Inc. 144A 8.250%, 3/15/26⁽¹⁾		125		132
Service Corp. International 5.125%, 6/1/29		60		64
Tenneco, Inc. 5.000%, 7/15/26		165		128
TRI Pointe Group, Inc. 5.875%, 6/15/24		210		226
Under Armour, Inc. 3.250%, 6/15/26		190		186
Wyndham Worldwide Corp. 5.750%, 4/1/27		280		299

				4,540


Consumer Staples—0.9%
Anheuser-Busch Inbev Worldwide, Inc. 4.000%, 4/13/28		405		449
Bacardi Ltd. 144A 4.700%, 5/15/28⁽¹⁾		555		617
Conagra Brands, Inc. 4.300%, 5/1/24		470		505
Flowers Foods, Inc. 4.375%, 4/1/22⁽⁴⁾		330		346
JBS USA LUX S.A. 144A 5.500%, 1/15/30⁽¹⁾		55		58
Kraft Heinz Foods Co. (The) 3.000%, 6/1/26		420		413

				2,388


	Par Value		Value
Energy—2.4%
Alliance Resource Operating Partners LP 144A 7.500%, 5/1/25⁽¹⁾	$	195	$	199
Andeavor Logistics LP 4.250%, 12/1/27		215		228
Cheniere Energy Partners LP 5.625%, 10/1/26		140		148
CrownRock LP 144A 5.625%, 10/15/25⁽¹⁾		210		208
Energy Transfer Operating LP 4.200%, 4/15/27		430		457
Helmerich & Payne, Inc. 4.650%, 3/15/25		290		315
HollyFrontier Corp. 5.875%, 4/1/26⁽⁴⁾		480		534
Kinder Morgan Energy Partners LP 7.500%, 11/15/40		615		861
MPLX LP 4.000%, 3/15/28		330		346
NuStar Logistics LP 5.625%, 4/28/27		320		333
Pertamina Persero PT 144A 6.450%, 5/30/44⁽¹⁾		475		627
Sabine Pass Liquefaction LLC
6.250%, 3/15/22		355		384
4.200%, 3/15/28		205		218
State Oil Co. of the Azerbaijan Republic RegS 6.950%, 3/18/30⁽⁵⁾		445		536
Transocean Guardian Ltd. 144A 5.875%, 1/15/24⁽¹⁾		98		99
USA Compression Partners LP 6.875%, 4/1/26		290		297


	Par Value		Value
Energy—continued
Valero Energy Partners LP 4.500%, 3/15/28	$	330	$	364

				6,154


Financials—8.1%
AerCap Ireland Capital DAC 3.950%, 2/1/22		495		513
Allstate Corp. (The) Series B 5.750%, 8/15/53⁽⁴⁾⁽⁶⁾		485		517
Apollo Management Holdings LP 144A 4.000%, 5/30/24⁽¹⁾⁽⁴⁾		475		505
Ares Capital Corp. 4.250%, 3/1/25⁽⁴⁾		325		337
Ares Finance Co., LLC 144A 4.000%, 10/8/24⁽¹⁾		675		677
Athene Holding Ltd. 4.125%, 1/12/28		395		404
Aviation Capital Group LLC 144A 3.500%, 11/1/27⁽¹⁾		480		501
Banco Bilbao Vizcaya Argentaria Bancomer S.A. 144A 5.125%, 1/18/33⁽¹⁾		325		311
Banco de Credito e Inversiones S.A. 144A 3.500%, 10/12/27⁽¹⁾		740		770
Bank of America Corp.
3.004%, 12/20/23		339		348
4.200%, 8/26/24		458		494
Bank of Montreal 3.803%, 12/15/32		621		651
Brighthouse Financial, Inc. 3.700%, 6/22/27		400		395
Brightsphere Investment Group, Inc. 4.800%, 7/27/26		495		520
Brookfield Finance, Inc. 4.000%, 4/1/24		598		638
Capital One Financial Corp.
4.200%, 10/29/25⁽⁴⁾		450		481
3.750%, 7/28/26⁽⁴⁾		545		569


	Par Value		Value
Financials—continued
Citigroup, Inc. 5.500%, 9/13/25	$	1,300	$	1,490
Discover Bank 4.682%, 8/9/28		375		393
Fairfax Financial Holdings Ltd. 4.850%, 4/17/28		430		469
FS KKR Capital Corp. 4.250%, 1/15/20		410		411
Goldman Sachs Group, Inc. (The) 5.750%, 1/24/22⁽⁴⁾		325		352
Guanay Finance Ltd. 144A 6.000%, 12/15/20⁽¹⁾		270		274
ICAHN Enterprises LP 144A 6.250%, 5/15/26⁽¹⁾		350		365
iStar, Inc. 5.250%, 9/15/22		140		144
Jefferies Financial Group, Inc. 5.500%, 10/18/23		240		261
Jefferies Group LLC
6.875%, 4/15/21		59		63
5.125%, 1/20/23		95		102
4.850%, 1/15/27		250		267
JPMorgan Chase & Co. 3.300%, 4/1/26		645		680
Kazakhstan Temir Zholy Finance BV 144A 6.950%, 7/10/42⁽¹⁾		535		733
Liberty Mutual Group, Inc.
144A 4.250%, 6/15/23⁽¹⁾		135		144
144A 4.569%, 2/1/29⁽¹⁾		475		541
Morgan Stanley 6.375%, 7/24/42		410		608
Navient Corp. 6.750%, 6/25/25		295		317
Prudential Financial, Inc.
5.875%, 9/15/42		165		177
5.625%, 6/15/43⁽⁶⁾		400		429
Santander Holdings USA, Inc.
3.700%, 3/28/22		343		352
3.500%, 6/7/24		275		284


	Par Value		Value
Financials—continued
4.400%, 7/13/27	$	185	$	199
Societe Generale S.A. 144A 4.750%, 11/24/25⁽¹⁾		500		538
Springleaf Finance Corp. 6.875%, 3/15/25		180		204
Synchrony Financial 3.950%, 12/1/27		360		373
Synovus Financial Corp. 5.900%, 2/7/29		173		182
Trinity Acquisition plc 4.400%, 3/15/26		200		219
UBS AG 7.625%, 8/17/22		630		710
Wells Fargo & Co.
3.550%, 9/29/25		285		303
Series S 5.900%⁽⁷⁾		310		331

				20,546


Health Care—1.7%
AbbVie, Inc.
3.600%, 5/14/25		285		297
3.200%, 5/14/26		265		271
Bausch Health Cos., Inc.
144A 7.000%, 3/15/24⁽¹⁾		40		42
144A 5.750%, 8/15/27⁽¹⁾		15		16
Becton Dickinson & Co.
3.363%, 6/6/24		159		166
3.700%, 6/6/27		242		259
Catalent Pharma Solutions, Inc. 144A 5.000%, 7/15/27⁽¹⁾		45		47
CVS Health Corp.
2.875%, 6/1/26		700		704
4.300%, 3/25/28		311		340
HCA, Inc.
5.125%, 6/15/39		140		155
5.250%, 6/15/49		210		235


	Par Value		Value
Health Care—continued
IQVIA, Inc. 144A 5.000%, 5/15/27⁽¹⁾	$	55	$	58
Mylan NV 3.950%, 6/15/26		480		500
Par Pharmaceutical, Inc. 144A 7.500%, 4/1/27⁽¹⁾		125		117
Perrigo Finance Unlimited Co. 4.375%, 3/15/26		320		329
Tenet Healthcare Corp. 144A 5.125%, 11/1/27⁽¹⁾		95		98
Zimmer Biomet Holdings, Inc. 3.550%, 4/1/25		665		700

				4,334


Industrials—1.6%
American Airlines Pass-Through Trust 2019-1, A 3.500%, 2/15/32		345		355
Ashtead Capital, Inc. 144A 4.375%, 8/15/27⁽¹⁾		425		436
Avolon Holdings Funding Ltd. 144A 4.375%, 5/1/26⁽¹⁾		345		358
CNH Industrial N.V. 4.500%, 8/15/23		429		458
DP World plc 144A 6.850%, 7/2/37⁽¹⁾		220		297
Navistar International Corp. 144A 6.625%, 11/1/25⁽¹⁾		125		127
Oshkosh Corp. 4.600%, 5/15/28		459		498
Owens Corning 3.400%, 8/15/26		495		496
Pentair Finance S.a.r.l 4.500%, 7/1/29		485		511


	Par Value		Value
Industrials—continued
TransDigm, Inc. 6.375%, 6/15/26	$	130	$	136
United Airlines Pass-Through Trust 2007-1, A 6.636%, 7/2/22		318		336

				4,008

Information Technology—1.1%
Broadcom Corp.
3.000%, 1/15/22		185		186
3.625%, 1/15/24		200		204
Citrix Systems, Inc. 4.500%, 12/1/27		360		388
Dell International LLC
144A 6.020%, 6/15/26⁽¹⁾		100		113
144A 8.100%, 7/15/36⁽¹⁾		230		292
Hewlett Packard Enterprise Co. 4.900%, 10/15/25		465		516
Micron Technology, Inc. 4.185%, 2/15/27		345		356
Motorola Solutions, Inc.
4.600%, 2/23/28		262		284
4.600%, 5/23/29		135		148
NCR Corp. 144A 6.125%, 9/1/29⁽¹⁾		205		218
VMware, Inc. 3.900%, 8/21/27		233		238

				2,943

Materials—1.9%
Anglo American Capital plc 144A 4.000%, 9/11/27⁽¹⁾		300		310
ArcelorMittal 6.125%, 6/1/25		250		281
BHP Billiton Finance USA Ltd. 144A 6.750%, 10/19/75⁽¹⁾⁽⁶⁾		410		480
CRH America Finance, Inc. 144A 3.400%, 5/9/27⁽¹⁾		425		442


	Par Value		Value
Materials—continued
Glencore Funding LLC 144A 4.000%, 3/27/27⁽¹⁾	$	495	$	512
Greif, Inc. 144A 6.500%, 3/1/27⁽¹⁾		165		173
Inversiones CMPC S.A. 144A 4.375%, 5/15/23⁽¹⁾		935		982
Olin Corp. 5.625%, 8/1/29		335		348
SABIC Capital II BV 144A 4.500%, 10/10/28⁽¹⁾		360		407
Syngenta Finance N.V. 144A 4.441%, 4/24/23⁽¹⁾		430		451
Vulcan Materials Co. 3.900%, 4/1/27		425		449

				4,835

Real Estate—2.0%
Alexandria Real Estate Equities, Inc. 3.950%, 1/15/27		300		325
Corporate Office Properties LP 3.600%, 5/15/23		660		675
EPR Properties 4.750%, 12/15/26		620		673
Healthcare Trust of America Holdings LP 3.750%, 7/1/27		435		458
Hospitality Properties Trust 4.950%, 2/15/27		510		529
Kilroy Realty LP 4.375%, 10/1/25		475		516
Life Storage LP 3.875%, 12/15/27		165		177
LifeStorage LP 3.500%, 7/1/26		455		471
MPT Operating Partnership LP
5.000%, 10/15/27		170		182
4.625%, 8/1/29		70		73


	Par Value		Value
Real Estate—continued
Office Properties Income Trust 4.500%, 2/1/25	$	470	$	486
Physicians Realty LP 3.950%, 1/15/28		435		460

				5,025

Utilities—1.6%
CenterPoint Energy, Inc. 4.250%, 11/1/28		410		456
DPL, Inc. 144A 4.350%, 4/15/29⁽¹⁾		414		413
Exelon Corp. 3.497%, 6/1/22		605		623
FirstEnergy Transmission LLC 144A 4.350%, 1/15/25⁽¹⁾		520		566
Pennsylvania Electric Co. 144A 3.600%, 6/1/29⁽¹⁾		375		402
PSEG Power LLC 3.850%, 6/1/23		373		394
Southern Power Co. 4.150%, 12/1/25		480		524
Talen Energy Supply LLC 144A 6.625%, 1/15/28⁽¹⁾		160		155
TerraForm Power Operating LLC 144A 5.000%, 1/31/28⁽¹⁾		215		224
Vistra Operations Co., LLC 144A 4.300%, 7/15/29⁽¹⁾		350		357

				4,114
TOTAL CORPORATE BONDS AND NOTES
(Identified Cost $58,701)				61,892
LEVERAGED LOANS⁽²⁾—2.8%

Aerospace—0.1%
Atlantic Aviation FBO, Inc.
(1 Month LIBOR + 3.75%) 5.870%, 12/6/25		45		45


	Par Value		Value
Aerospace—continued
TransDigm, Inc. 2018, Tranche E (3 Month LIBOR + 2.50%) 4.830%, 5/30/25	$	123	$	122

				167

Consumer Non-Durables—0.1%
Kronos Acquisition Holdings, Inc. Tranche B-3 (3 Month LIBOR + 4.00%) 6.256%, 5/15/23		280		265

Energy—0.1%
Citgo Petroleum Corp. 2019, Tranche B (3 Month LIBOR + 5.00%) 7.319%, 3/28/24		165		165

Financial—0.1%
Financial & Risk US Holdings, Inc. (1 Month LIBOR + 3.75%) 5.862%, 10/1/25		274		275

Food / Tobacco—0.1%
CHG PPC Parent LLC First Lien (1 Month LIBOR + 2.75%) 4.862%, 3/31/25		138		137
H-Food Holdings, LLC (1 Month LIBOR + 3.688%) 5.800%, 5/23/25		35		34
2018, Tranche B-2 (1 Month LIBOR + 4.00%) 6.112%, 5/23/25		174		169

				340

Forest Prod / Containers—0.1%
Berry Global, Inc. Tranche U (1 Month LIBOR + 2.50%) 4.701%, 7/1/26		140		140


	Par Value		Value
Gaming / Leisure—0.3%
Seminole Tribe of Florida (1 Month LIBOR + 1.75%) 3.862%, 7/8/24	$	265	$	266
Station Casinos LLC Tranche B (1 Month LIBOR + 2.50%) 4.620%, 6/8/23		238		238
Wyndham Hotels & Resorts, Inc. Tranche B (1 Month LIBOR + 1.75%) 3.862%, 5/30/25		224		224

				728


Healthcare—0.4%
Bausch Health Cos., Inc. (1 Month LIBOR + 2.75%) 4.951%, 11/27/25		69		69
(1 Month LIBOR + 3.00%) 5.201%, 6/2/25		40		40
CHG Healthcare Services, Inc. (1 Month LIBOR + 3.00%) 5.112%, 6/7/23		293		290
Iqvia, Inc. Tranche B-3 (1 Month LIBOR + 1.75%) 4.008%, 6/11/25		272		272
LifePoint Health, Inc. Tranche B, First Lien (1 Month LIBOR + 4.50%) 6.645%, 11/16/25		284		283
NVA Holdings, Inc. Tranche B-4 (1 Month LIBOR + 3.50%) 5.612%, 2/2/25		20		20

				974


	Par Value		Value
Housing—0.4%
American Builders & Contractors Supply Co., Inc. Tranche B-2 (1 Month LIBOR + 2.00%) 4.112%, 10/31/23	$	346	$	342
Capital Automotive LP 2017, Tranche B-2 (1 Month LIBOR + 2.50%) 4.620%, 3/25/24		269		269
CPG International LLC (3 Month LIBOR + 3.75%) 5.933%, 5/5/24		254		251
Summit Materials, LLC Tranche B (1 Month LIBOR + 2.00%) 4.112%, 11/21/24		278		277

				1,139

Information Technology—0.1%
Boxer Parent Co., Inc. (3 Month LIBOR + 4.25%) 6.580%, 10/2/25		283		267

Media / Telecom - Broadcasting—0.1%
Nexstar Broadcasting, Inc. Tranche B-4 0.000%, 6/19/26⁽⁸⁾		220		220

Media / Telecom - Cable/Wireless Video—0.0%
CSC Holdings LLC 2018 (1 Month LIBOR + 2.25%) 4.445%, 1/15/26		114		114

Media / Telecom - Telecommunications—0.1%
CenturyLink, Inc. Tranche B (1 Month LIBOR + 2.75%) 4.862%, 1/31/25		288		284


	Par Value		Value
Media / Telecom - Wireless Communications—0.2%
Commscope, Inc. (1 Month LIBOR + 3.25%) 5.362%, 4/6/26	$	240	$	239
SBA Senior Finance II LLC (1 Month LIBOR + 2.00%) 4.120%, 4/11/25		153		152

				391

Service—0.3%
Dun & Bradstreet Corp. (The) (1 Month LIBOR + 5.00%) 7.145%, 2/6/26		255		255
Sedgwick Claims Management Services, Inc. (1 Month LIBOR + 3.25%) 5.362%, 12/31/25		289		280
TKC Holdings, Inc. First Lien (1 Month LIBOR + 3.75%) 5.870%, 2/1/23		189		184

				719

Transportation - Automotive—0.1%
Navistar, Inc. Tranche B (1 Month LIBOR + 3.50%) 5.700%, 11/6/24		217		216
Panther BF Aggregator 2 LP First Lien (1 Month LIBOR + 3.50%) 5.612%, 4/30/26		155		152

				368

Utility—0.2%
Brookfield WEC Holdings, Inc. First Lien (1 Month LIBOR + 3.50%) 5.612%, 8/1/25		329		329


	Par Value			Value
Utility—continued
Calpine Corp. 2019 (3 Month LIBOR + 2.75%) 5.080%, 4/5/26	$	275		$	275

					604
TOTAL LEVERAGED LOANS
(Identified Cost $7,215)					7,160

	Shares
PREFERRED STOCKS—0.8%

Financials—0.8%
Bank of New York Mellon Corp. (The) Series E, 4.950%		255	⁽⁹⁾		260
JPMorgan Chase & Co. Series Z, 5.300%		550	⁽⁹⁾		558
KeyCorp Series D, 5.000%⁽¹⁰⁾		270	⁽⁹⁾		276
M&T Bank Corp. Series F, 5.125%⁽¹⁰⁾		229	⁽⁹⁾		240
MetLife, Inc. Series D, 5.875%		156	⁽⁹⁾		167
PNC Financial Services Group, Inc. (The) Series S, 5.000%⁽⁴⁾		485	⁽⁹⁾		498

					1,999
TOTAL PREFERRED STOCKS
(Identified Cost $1,965)					1,999

COMMON STOCKS—82.1%

Communication Services—11.6%
AT&T, Inc.		248,803			8,773
BCE, Inc.		237,630			11,245
Spark New Zealand Ltd.		3,394,644			9,454

					29,472


	Shares		Value
Consumer Discretionary—2.5%
Compass Group plc Sponsored ADR		41,448	$	1,049
Las Vegas Sands Corp.		94,900		5,264

				6,313

Consumer Staples—6.3%
Coca-Cola Co. (The)		135,660		7,467
Kimberly-Clark Corp.		22,050		3,112
Tate & Lyle plc		613,953		5,374

				15,953


Energy—8.7%
ONEOK, Inc.		132,970		9,478
Royal Dutch Shell plc Sponsored Class B ADR		131,860		7,353
TOTAL S.A. Sponsored ADR		63,850		3,187
Z Energy Ltd.		535,000		2,137

				22,155


Financials—15.7%
Bank of Hawaii Corp.		30,420		2,515
Royal Bank of Canada		110,519		8,262
Sabre Insurance Group plc		1,641,620		5,194
SCOR SE Sponsored ADR		416,228		1,633
St James’s Place plc		157,000		1,753
Tokio Marine Holdings, Inc.		72,370		3,728
Tryg A/S		173,457		5,185
Zurich Insurance Group AG		8,190		2,914
Zurich Insurance Group AG ADR		245,570		8,730

				39,914


Health Care—5.7%
AstraZeneca plc Sponsored ADR		48,088		2,166
GlaxoSmithKline plc		94,260		1,963


	Shares		Value
Health Care—continued
GlaxoSmithKline plc Sponsored ADR		146,160	$	6,077
Merck & Co., Inc.		27,590		2,386
Sonic Healthcare Ltd.		95,000		1,884

				14,476


Industrials—5.4%
Port of Tauranga Ltd.		260,800		1,051
Waste Management, Inc.		22,260		2,657
Watsco, Inc.		60,989		9,975

				13,683


Information Technology—5.3%
Analog Devices, Inc.		27,350		3,004
Cisco Systems, Inc.		41,930		1,963
Paychex, Inc.		37,810		3,089
Tieto Oyj		221,552		5,449

				13,505


Materials—2.4%
DS Smith plc		494,000		2,044
Kemira Oyj		150,000		2,110
Sonoco Products Co.		33,717		1,928

				6,082


Real Estate—10.4%
Crown Castle International Corp.		62,830		9,121
Lamar Advertising Co. Class A		134,961		10,345
Realty Income Corp.		96,375		7,113

				26,579


Utilities—8.1%
Fortis, Inc.		201,640		8,322
NextEra Energy, Inc.		22,000		4,820


	Shares		Value
Utilities—continued
WEC Energy Group, Inc.		78,220	$	7,491

				20,633
TOTAL COMMON STOCKS
(Identified Cost $191,744)				208,765
TOTAL LONG-TERM INVESTMENTS—136.1%
(Identified Cost $323,050)				346,242	⁽¹¹⁾
SHORT-TERM INVESTMENTS—0.5%

PURCHASED OPTIONS—0.0%
(See open purchased options schedule)
Total Purchased Options
(Premiums paid $149)				58
Money Market Mutual Fund—0.5%
Dreyfus Government Cash Management Fund - Institutional Shares (seven-day effective yield 1.995%)⁽¹²⁾		1,195,286		1,195	⁽¹¹⁾
Total Money Market Mutual Fund
(Identified Cost $1,195)				1,195
TOTAL SHORT-TERM INVESTMENTS
(Identified Cost $1,344)				1,253
TOTAL INVESTMENTS, BEFORE WRITTEN OPTIONS—136.6%
(Identified Cost $324,394)			$	347,495
WRITTEN OPTIONS—(0.0)%
(See open written options schedule)
Total Written Options
(Premiums received $306)				(119	)


	Value
TOTAL INVESTMENTS, NET OF WRITTEN OPTIONS—136.6%
(Identified Cost $324,088)	$	347,376
Other assets and liabilities, net—(36.6)%		(93,024	)

NET ASSETS—100.0%	$	254,352

Abbreviations:

ADR	American Depositary Receipt

LIBOR

London Interbank Offered Rate

LLC	Limited Liability Company

LP	Limited Partnership

Footnote Legend:

⁽¹⁾	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At August 31, 2019, these securities amounted to a value of $64,376 or 25.3% of net assets.

⁽²⁾

Variable rate security. Rate disclosed is as of August 31, 2019. For leveraged loans, the rate shown may represent a weighted average interest rate. Information in parenthesis represents benchmark and reference rate for each security. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions, or, for mortgage-backed securities, are impacted by the individual mortgages which are paying off over time. These securities do not indicate a reference rate and spread in their descriptions.

⁽³⁾	The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security in the Fair Value Hierarchy table located after the Schedule of Investments.

⁽⁴⁾	All or a portion of the security is segregated as collateral for written options.

⁽⁵⁾	Regulation S security. Security is offered and sold outside of the United States, therefore, it is exempt from registration with the SEC under Rules 903 and 904 of the Securities Act of 1933.

⁽⁶⁾	Interest payments may be deferred.

⁽⁷⁾	No contractual maturity date.

⁽⁸⁾	This loan will settle after August 31, 2019, at which time the interest rate, based on the London Interbank Offered Rate (“LIBOR”) and the agreed upon spread on trade date, will be reflected.

⁽⁹⁾	Value shown as par value.

⁽¹⁰⁾	Interest may be forfeited.

⁽¹¹⁾	All or a portion of the portfolio segregated as collateral for borrowings.

⁽¹²⁾	Shares of this fund are publicly offered, and its prospectus and annual report are publicly available.


Country Weightings^†
United States	64	%
United Kingdom	10
Canada	9
New Zealand	4
Switzerland	4
Finland	2
France	2
Other	5
Total	100	%
^†% of total investments net of written options as of August 31, 2019.

The following table summarizes the market value of the Fund’s investments as of August 31, 2019 based on the inputs used to value them (See Security Valuation Note 1A in the Notes to Financial Statements):

There were no transfers into or out of Level 3 related to securities held at August 31, 2019.

Some of the Fund’s investments that were categorized as Level 3 were valued utilizing third party pricing information without adjustment. Such valuations are based on unobservable inputs. A significant change in third party information could result in a significantly lower or higher value of Level 3 investments.

Management has determined that the amount of Level 3 securities compared to total net assets is not material; therefore, the rollforward of Level 3 securities and assumptions are not shown for the period ended August 31, 2019.

The Fund utilizes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The Fund’s policy is to recognize transfers into or out of Level 3 at the end of the reporting period.

A description of the valuation techniques applied to the Fund’s major categories of assets and liabilities measured at fair value on a recurring basis is as follows:

Equity securities are valued at the official closing price (typically last sale) on the exchange on which the securities are primarily traded or, if no closing price is available, at the last bid price and are categorized as Level 1 in the hierarchy. Restricted equity securities and private placements that are illiquid, or are internally fair valued by the Valuation Committee, are generally categorized as Level 3 in the hierarchy.

Certain non-U.S. securities may be fair valued in cases where closing prices are not readily available or are deemed not reflective of readily available market prices. For example, significant events (such as movement in the U.S. securities market, or other regional and local developments) may occur between the time that non-U.S. markets close (where the security is principally traded) and the time that the Fund calculates its net asset value (“NAV”) at the close of regular trading on the New York Stock Exchange (“NYSE”) (generally 4 p.m. Eastern time) that may impact the value of securities traded in these non-U.S. markets. In such cases, the Fund fair value non-U.S. securities using an independent pricing service which considers the correlation of the trading patterns of the non-U.S. security to the intraday trading in the U.S. markets for investments such as ADRs, financial futures, exchange-traded funds (“ETFs”), and certain indexes, as well as prices for similar securities. Such fair valuations are categorized as Level 2 in the hierarchy. Because the frequency of significant events is not predictable, fair valuation of certain non-U.S. common stocks may occur on a frequent basis.

Debt securities, including restricted securities, are valued based on evaluated quotations received from independent pricing services or from dealers who make markets in such securities. For most bond types, the pricing service utilizes matrix pricing that considers one or more of the following factors: yield or price of bonds of comparable quality, coupon, maturity, current cash flows, type, and current day trade information, as well as dealer supplied prices. These valuations are generally categorized as Level 2 in the hierarchy. Structured debt instruments, such as mortgage-backed and asset-backed securities, may also incorporate collateral analysis and utilize cash flow models for valuation and are generally categorized as Level 2 in the hierarchy. Pricing services do not provide pricing for all securities and therefore indicative bids from dealers are utilized

which are based on pricing models used by market makers in the security and are generally categorized as Level 2 in the hierarchy. Debt securities that are internally fair valued by the Valuation Committee are generally categorized as Level 3 in the hierarchy.

Listed derivatives, such as options, that are actively traded are valued based on quoted prices from the exchange and are categorized as Level 1 in the hierarchy. Over-the-counter derivative contracts, which include forward currency contracts and equity-linked instruments, do not require material subjectivity as pricing inputs are observed from actively quoted markets and are categorized as Level 2 in the hierarchy.

Investments in open-end mutual funds are valued at NAV. Investments in closed-end funds and ETFs are valued as of the close of regular trading on the NYSE each business day. Each is categorized as Level 1 in the hierarchy.

A summary of the inputs used to value the Fund’s net assets by each major security type is disclosed at the end of the Schedule of Investments for the Fund. The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

For additional information about significant accounting policies, refer to the Fund’s most recent semi or annual report.


Open Purchased Options Contracts as of August 31, 2019 were as follows:
Description of Options	Number of Contracts		Contract Notional Amount			Strike Price⁽¹⁾			Expiration Date		Value
Call Options
S&P 500^®Index		82		$	25,625		$	3,125		9/3/19			$—⁽²	⁾
S&P 500^®Index		96			29,856			3,110		9/4/19			—
S&P 500^®Index		97			29,924			3,085		9/6/19			—
S&P 500^®Index		96			29,664			3,090		9/9/19			1
S&P 500^®Index		89			27,679			3,110		9/11/19			—⁽²	⁾
S&P 500^®Index		97			30,264			3,120		9/13/19			1

													2

Put Options
S&P 500^®Index		82			22,140			2,700		9/3/19			1
S&P 500^®Index		96			26,112			2,720		9/4/19			5
S&P 500^®Index		97			25,220			2,600		9/6/19			4
S&P 500^®Index		96			25,200			2,625		9/9/19			8
S&P 500^®Index		89			23,452			2,635		9/11/19			12
S&P 500^®Index		97			25,899			2,670		9/13/19			26

													56
Total Purchased Options													$58

Open Written Options Contracts as of August 31, 2019 were as follows:
Description of Options	Number of Contracts		Contract Notional Amount			Strike Price⁽¹⁾			Expiration Date		Value
Call Options
S&P 500^®Index		82		$	25,051		$	3,055		9/3/19		$	—
S&P 500^®Index		96			29,280			3,050		9/4/19			(1	)
S&P 500^®Index		97			29,342			3,025		9/6/19			(2	)
S&P 500^®Index		96			29,088			3,030		9/9/19			(4	)
S&P 500^®Index		89			27,101			3,045		9/11/19			(5	)
S&P 500^®Index		97			29,682			3,060		9/13/19			(5	)

													(17	)

Put Options
S&P 500^®Index		82			22,714			2,770		9/3/19			(3	)
S&P 500^®Index		96			26,688			2,780		9/4/19			(12	)
S&P 500^®Index		97			25,802			2,660		9/6/19			(5	)
S&P 500^®Index		96			25,776			2,685		9/9/19			(12	)
S&P 500^®Index		89			24,030			2,700		9/11/19			(22	)
S&P 500^®Index		97			26,481			2,730		9/13/19			(48	)

													(102	)
Total Written Options												$	(119	)


• Level 1 –		quoted prices in active markets for identical securities (security types generally include listed equities).

• Level 2 –		prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

• Level 3 –		prices determined using significant unobservable inputs (including the Valuation Committee’s own assumptions in determining the fair value of investments).


	Total Value at August 31, 2019				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Assets:
Debt Securities:
Asset-Backed Securities		$	14,685			$	—			$	14,292			$	393
Corporate Bonds and Notes			61,892				—				61,892				—
Foreign Government Securities			1,758				—				1,758				—
Leveraged Loans			7,160				—				7,160				—
Mortgage-Backed Securities			35,252				—				34,977				275
Municipal Bonds			3,908				—				3,908				—
U.S. Government Securities			10,823				—				10,823				—
Equity Securities:
Common Stocks			208,765				208,765				—				—
Preferred Stocks			1,999				—				1,999				—
Money Market Mutual Fund			1,195				1,195				—				—
Purchased Options			58				46				12				—

Total Investments, before Written Options			347,495				210,006				136,821				668

Liabilities:
Written Options			(119	)			(115	)			(4	)			—

Total Investments, Net of Written Options		$	347,376			$	209,891			$	136,817			$	668