UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-07572

Principal Funds, Inc.

(Exact name of registrant as specified in charter)

801 Grand Avenue, Des Moines, IA 50309
(Address of principal executive offices)

Principal Global Investors, LLC, 801 Grand Avenue, Des Moines, IA 50309

(Name and address of agent for service)

Registrant’s telephone number, including area code:		515-248-0156
Date of fiscal year end:	August 31, 2018
Date of reporting period:	November 30, 2017

ITEM 1 – SCHEDULE OF INVESTMENTS

Schedule of Investments
Blue Chip Fund
November 30, 2017 (unaudited)
COMMON STOCKS - 99.92%	Shares Held		Value (000's)	INVESTMENT COMPANIES - 0.25%	Shares Held		Value (000's)
Aerospace & Defense - 3.57%				Money Market Funds - 0.25%
TransDigm Group Inc	293,654	$	83,336	Goldman Sachs Financial Square Funds -	5,905,560	$	5,906
				Government Fund
Beverages - 0.54%
Anheuser-Busch InBev SA/NV ADR	110,394		12,639	TOTAL INVESTMENT COMPANIES		$	5,906
				Total Investments		$	2,340,633
Building Materials - 0.58%				Other Assets and Liabilities - (0.17)%		$	(3,988	)
Martin Marietta Materials Inc	65,582		13,666	TOTAL NET ASSETS - 100.00%		$	2,336,645
Chemicals - 6.05%
Air Products & Chemicals Inc	331,067		53,977	(a) Non-income producing security
Praxair Inc	459,009		70,651
Sherwin-Williams Co/The	41,644		16,633
		$	141,261
Commercial Services - 4.60%				Portfolio Summary (unaudited)
Gartner Inc (a)	207,451		25,079	Sector			Percent
IHS Markit Ltd (a)	300,206		13,395	Financial			35.36	%
Moody's Corp	453,961		68,920	Communications			25.85	%
		$	107,394	Consumer, Cyclical			11.14	%
				Consumer, Non-cyclical			8.85	%
Diversified Financial Services - 11.56%				Technology			6.95	%
Charles Schwab Corp/The	984,178		48,018	Basic Materials			6.05	%
FNF Group	372,475		15,070	Industrial			4.15	%
Mastercard Inc	668,603		100,605	Energy			0.98	%
Visa Inc	945,427		106,446	Utilities			0.59	%
		$	270,139	Investment Companies			0.25	%
Electric - 0.59%				Other Assets and Liabilities			(0.17	)%
Brookfield Infrastructure Partners LP	323,850		13,874	TOTAL NET ASSETS			100.00	%
Healthcare - Products - 3.71%
Danaher Corp	701,269		66,172
DENTSPLY SIRONA Inc	306,910		20,566
		$	86,738
Insurance - 11.77%
Aon PLC	496,894		69,675
Berkshire Hathaway Inc - Class B (a)	826,104		159,446
Markel Corp (a)	41,430		45,859
		$	274,980
Internet - 23.43%
Alphabet Inc - A Shares (a)	7,492		7,763
Alphabet Inc - C Shares (a)	183,576		187,506
Amazon.com Inc (a)	181,816		213,952
Facebook Inc (a)	400,603		70,979
Liberty Ventures (a)	201,010		11,219
Priceline Group Inc/The (a)	32,255		56,114
		$	547,533
Media - 2.42%
Liberty Broadband Corp - C Shares (a)	75,846		6,595
Liberty Global PLC - C Shares (a)	1,617,019		49,852
		$	56,447
Pipelines - 0.98%
Kinder Morgan Inc/DE	1,333,310		22,973
Private Equity - 4.90%
Brookfield Asset Management Inc	2,759,145		114,504
REITs - 7.13%
American Tower Corp	781,031		112,414
Equinix Inc	36,719		17,056
SBA Communications Corp (a)	219,272		37,221
		$	166,691
Retail - 11.14%
CarMax Inc (a)	717,783		49,462
Costco Wholesale Corp	44,808		8,264
O'Reilly Automotive Inc (a)	112,976		26,686
Restaurant Brands International Inc	539,860		33,844
Starbucks Corp	953,489		55,131
TJX Cos Inc/The	703,280		53,133
Yum! Brands Inc	403,966		33,719
		$	260,239
Software - 6.95%
Microsoft Corp	1,291,216		108,682
salesforce.com Inc (a)	514,102		53,631
		$	162,313
TOTAL COMMON STOCKS		$	2,334,727

See accompanying notes.

1

Schedule of Investments
Bond Market Index Fund
November 30, 2017 (unaudited)
INVESTMENT COMPANIES - 6.59%		Shares Held	Value (000's)					Principal
Money Market Funds - 6.59%						BONDS (continued)		Amount (000's)                Value (000's)
Cash Account Trust - Government & Agency		111	$		—	Agriculture (continued)
Portfolio - Government Cash Managed						Reynolds American Inc
Morgan Stanley Institutional Liquidity Funds -		124,821,830			124,822	4.45%, 06/12/2025	$	220	$	234
Government Portfolio						6.15%, 09/15/2043		500		632
			$		124,822	8.13%, 06/23/2019		430		467
TOTAL INVESTMENT COMPANIES			$		124,822			$		5,486
		Principal				Airlines - 0.05%
BONDS - 33.79%		Amount (000's)	Value (000's)			American Airlines 2014-1 Class A Pass
Advertising - 0.03%						Through Trust
Interpublic Group of Cos Inc/The						3.70%, 04/01/2028		17		17
4.20%, 04/15/2024	$	50		$	52	American Airlines 2016-1 Class AA Pass
Omnicom Group Inc						Through Trust
3.60%, 04/15/2026		500			501	3.58%, 07/15/2029		247		253
4.45%, 08/15/2020		30			32	Southwest Airlines Co
			$		585	2.75%, 11/06/2019		300		303
Aerospace & Defense - 0.47%						3.00%, 11/15/2026		350		338
Boeing Capital Corp								$		911
4.70%, 10/27/2019		35			37	Apparel - 0.03%
Boeing Co/The						NIKE Inc
2.35%, 10/30/2021		1,000			1,000	3.88%, 11/01/2045		500		512
Embraer Netherlands Finance BV
5.05%, 06/15/2025		250			261	Automobile Asset Backed Securities - 0.24%
Harris Corp						Ally Auto Receivables Trust 2015-2
3.83%, 04/27/2025		200			207	1.84%, 06/15/2020		1,000		999
4.40%, 12/15/2020		40			42	CarMax Auto Owner Trust 2016-1
L3 Technologies Inc						1.61%, 11/16/2020		1,000		998
3.95%, 05/28/2024		178			185	Ford Credit Auto Owner Trust 2016-B
4.95%, 02/15/2021		30			32	1.33%, 10/15/2020		1,000		995
Lockheed Martin Corp						Nissan Auto Receivables 2016-A Owner
3.35%, 09/15/2021		500			515	Trust
3.55%, 01/15/2026		190			197	1.34%, 10/15/2020		500		498
3.80%, 03/01/2045		250			246	World Omni Auto Receivables Trust 2016-A
4.07%, 12/15/2042		30			31	1.77%, 09/15/2021		1,000		998
4.09%, 09/15/2052		67			69			$		4,488
4.50%, 05/15/2036		685			746	Automobile Manufacturers - 0.44%
Northrop Grumman Corp						American Honda Finance Corp
2.55%, 10/15/2022		280			278	1.70%, 09/09/2021		500		487
3.25%, 01/15/2028		250			250	Ford Motor Co
3.50%, 03/15/2021		30			31	4.35%, 12/08/2026		500		521
5.05%, 11/15/2040		500			581	4.75%, 01/15/2043		400		396
Raytheon Co						Ford Motor Credit Co LLC
3.13%, 10/15/2020		30			31	2.60%, 11/04/2019		500		502
4.70%, 12/15/2041		750			872	3.34%, 03/18/2021		500		509
Rockwell Collins Inc						3.66%, 09/08/2024		725		729
4.80%, 12/15/2043		525			585	5.88%, 08/02/2021		100		111
Spirit AeroSystems Inc						General Motors Co
5.25%, 03/15/2022		500			517	5.15%, 04/01/2038		110		115
United Technologies Corp						5.40%, 04/01/2048		300		320
2.30%, 05/04/2022		300			296	6.60%, 04/01/2036		500		599
3.10%, 06/01/2022		500			510	General Motors Financial Co Inc
4.05%, 05/04/2047		300			309	3.45%, 01/14/2022		1,000		1,015
4.50%, 04/15/2020		550			578	3.45%, 04/10/2022		500		507
4.50%, 06/01/2042		390			426	4.35%, 01/17/2027		500		514
6.13%, 07/15/2038		46			60	PACCAR Financial Corp
			$		8,892	2.20%, 09/15/2019		20		20
Agriculture - 0.29%						Toyota Motor Credit Corp
Altria Group Inc						1.70%, 02/19/2019		500		498
4.00%, 01/31/2024		500			532	1.90%, 04/08/2021		500		494
4.25%, 08/09/2042		150			154	2.75%, 05/17/2021		500		506
4.75%, 05/05/2021		500			537	3.30%, 01/12/2022		500		516
Archer-Daniels-Midland Co								$		8,359
4.02%, 04/16/2043		350			362	Automobile Parts & Equipment - 0.02%
4.48%, 03/01/2021		8			8	BorgWarner Inc
BAT Capital Corp						4.38%, 03/15/2045		300		307
2.76%, 08/15/2022(a)		460			456	Delphi Corp
3.56%, 08/15/2027(a)		410			410	4.15%, 03/15/2024		133		141
4.39%, 08/15/2037(a)		240			248			$		448
4.54%, 08/15/2047(a)		240			248	Banks - 6.32%
Philip Morris International Inc						Australia & New Zealand Banking Group Ltd
2.75%, 02/25/2026		500			488	2.13%, 08/19/2020		300		298
2.90%, 11/15/2021		400			405	Australia & New Zealand Banking Group
4.13%, 03/04/2043		300			305	Ltd/New York NY
						2.25%, 06/13/2019		550		551

See accompanying notes.

2

Schedule of Investments
Bond Market Index Fund
November 30, 2017 (unaudited)
		Principal				Principal
BONDS (continued)		Amount (000's)	Value (000's)	BONDS (continued)		Amount (000's)             Value (000's)
Banks (continued)				Banks (continued)
Australia & New Zealand Banking Group				Compass Bank
Ltd/New York NY (continued)				3.88%, 04/10/2025	$	500	$	500
2.63%, 05/19/2022	$	300	$ 300	Cooperatieve Rabobank UA
Banco Santander SA				3.88%, 02/08/2022		950		1,000
4.25%, 04/11/2027		400	412	5.25%, 08/04/2045		500		593
Bank of America Corp				Cooperatieve Rabobank UA/NY
2.25%, 04/21/2020		160	160	2.25%, 01/14/2019		250		251
2.60%, 01/15/2019		600	603	3.38%, 05/21/2025		500		513
2.63%, 04/19/2021		775	777	Credit Suisse AG/New York NY
2.65%, 04/01/2019		625	629	3.00%, 10/29/2021		250		254
3.25%, 10/21/2027		350	346	3.63%, 09/09/2024		500		517
3.30%, 01/11/2023		1,100	1,123	5.40%, 01/14/2020		800		846
3.50%, 04/19/2026		335	340	Credit Suisse Group Funding Guernsey Ltd
4.00%, 04/01/2024		850	897	3.75%, 03/26/2025		1,000		1,021
4.24%, 04/24/2038		600	639	3.80%, 09/15/2022		630		651
3 Month LIBOR + 1.81%				Deutsche Bank AG
4.25%, 10/22/2026		800	839	4.10%, 01/13/2026		750		763
4.88%, 04/01/2044		450	523	4.25%, 10/14/2021		400		416
5.63%, 07/01/2020		500	539	Development Bank of Japan Inc
6.11%, 01/29/2037		850	1,070	2.00%, 10/19/2021		350		343
Bank of Montreal				Discover Bank
1.50%, 07/18/2019		500	496	3.20%, 08/09/2021		1,000		1,016
2.10%, 12/12/2019		176	176	Fifth Third Bancorp
2.38%, 01/25/2019		500	502	2.88%, 07/27/2020		1,000		1,012
Bank of Nova Scotia/The				4.30%, 01/16/2024		50		53
1.65%, 06/14/2019		500	497	Fifth Third Bank/Cincinnati OH
2.45%, 03/22/2021		750	751	2.25%, 06/14/2021		300		298
2.80%, 07/21/2021		500	506	2.30%, 03/15/2019		300		301
Bank One Corp				First Tennessee Bank NA
8.00%, 04/29/2027		1,000	1,324	2.95%, 12/01/2019		300		302
Barclays PLC				Goldman Sachs Group Inc/The
2.88%, 06/08/2020		300	301	2.00%, 04/25/2019		500		498
3.25%, 01/12/2021		285	289	2.55%, 10/23/2019		1,300		1,304
4.38%, 01/12/2026		380	395	2.60%, 04/23/2020		300		301
4.84%, 05/09/2028		400	416	2.63%, 04/25/2021		500		500
5.25%, 08/17/2045		750	849	2.75%, 09/15/2020		250		251
BB&T Corp				2.90%, 07/24/2023		500		496
2.45%, 01/15/2020		500	503	3 Month LIBOR + 0.99%
6.85%, 04/30/2019		45	48	3.50%, 11/16/2026		750		749
BNP Paribas SA				3.63%, 01/22/2023		300		309
2.45%, 03/17/2019		400	402	4.02%, 10/31/2038		400		408
BPCE SA				3 Month LIBOR + 1.37%
4.00%, 04/15/2024		750	793	4.25%, 10/21/2025		500		522
Branch Banking & Trust Co				4.75%, 10/21/2045		100		112
2.63%, 01/15/2022		1,000	1,003	5.15%, 05/22/2045		300		340
3.80%, 10/30/2026		1,000	1,046	5.25%, 07/27/2021		1,350		1,469
Capital One Financial Corp				5.95%, 01/15/2027		700		814
2.50%, 05/12/2020		400	400	6.13%, 02/15/2033		850		1,072
3.50%, 06/15/2023		40	41	6.25%, 02/01/2041		220		292
4.75%, 07/15/2021		400	430	6.75%, 10/01/2037		150		198
Capital One NA/Mclean VA				HSBC Bank USA NA/New York NY
2.40%, 09/05/2019		750	750	5.63%, 08/15/2035		500		619
Citibank NA				HSBC Holdings PLC
2.10%, 06/12/2020		700	696	3.03%, 11/22/2023		1,000		1,005
Citigroup Inc				3 Month LIBOR + 0.92%
2.65%, 10/26/2020		750	753	3.40%, 03/08/2021		1,250		1,280
2.75%, 04/25/2022		300	299	3.90%, 05/25/2026		500		517
2.90%, 12/08/2021		350	352	4.25%, 08/18/2025		750		779
3.30%, 04/27/2025		750	754	6.10%, 01/14/2042		600		813
3.67%, 07/24/2028		750	760	HSBC USA Inc
3 Month LIBOR + 1.39%				2.35%, 03/05/2020		500		500
4.13%, 07/25/2028		500	513	3.50%, 06/23/2024		500		513
4.60%, 03/09/2026		1,000	1,062	Industrial & Commercial Bank of China
4.75%, 05/18/2046		350	377	Ltd/New York
5.50%, 09/13/2025		800	900	2.45%, 10/20/2021		350		344
6.68%, 09/13/2043		300	408	JPMorgan Chase & Co
8.13%, 07/15/2039		779	1,216	2.20%, 10/22/2019		1,550		1,550
Commonwealth Bank of Australia/New York				2.25%, 01/23/2020		530		530
NY				2.30%, 08/15/2021		750		744
2.05%, 03/15/2019		500	499	2.40%, 06/07/2021		500		498
				2.55%, 03/01/2021		1,500		1,503
				2.78%, 04/25/2023		250		250
				3 Month LIBOR + 0.94%

See accompanying notes.

3

Schedule of Investments
Bond Market Index Fund
November 30, 2017 (unaudited)
			Principal				Principal
BONDS (continued)			Amount (000's)	Value (000's)	BONDS (continued)		Amount (000's)       Value (000's)
Banks (continued)					Banks (continued)
JPMorgan Chase & Co	(continued)				National Australia Bank Ltd/New York
3.13%, 01/23/2025		$	800	$ 802	2.13%, 05/22/2020	$	400	$	398
3.20%, 01/25/2023			132	134	2.50%, 05/22/2022		400		397
3.54%, 05/01/2028			500	504	2.63%, 07/23/2020		500		504
3 Month LIBOR + 1.38%					Oesterreichische Kontrollbank AG
3.63%, 05/13/2024			100	104	1.50%, 10/21/2020		220		216
3.63%, 12/01/2027			500	501	2.38%, 10/01/2021		750		753
3.88%, 09/10/2024			25	26	PNC Bank NA
3.90%, 07/15/2025			750	786	2.00%, 05/19/2020		300		298
3.96%, 11/15/2048			500	504	2.60%, 07/21/2020		250		252
3 Month LIBOR + 1.38%					2.70%, 11/01/2022		300		299
4.03%, 07/24/2048			500	506	PNC Financial Services Group Inc/The
3 Month LIBOR + 1.46%					3.30%, 03/08/2022		750		772
4.13%, 12/15/2026			500	521	6.70%, 06/10/2019		365		389
4.50%, 01/24/2022			100	107	Royal Bank of Canada
4.85%, 02/01/2044			400	462	2.35%, 10/30/2020		500		500
5.60%, 07/15/2041			70	87	4.65%, 01/27/2026		500		536
KeyBank NA/Cleveland OH					Royal Bank of Scotland Group PLC
1.60%, 08/22/2019			500	495	3.50%, 05/15/2023		400		401
3.30%, 06/01/2025			500	509	3 Month LIBOR + 1.48%
KeyCorp					Santander Holdings USA Inc
2.30%, 12/13/2018			750	751	2.65%, 04/17/2020		500		500
Korea Development Bank/The					Santander UK Group Holdings PLC
2.75%, 03/19/2023			500	492	3.57%, 01/10/2023		500		508
3.38%, 09/16/2025			500	504	Skandinaviska Enskilda Banken AB
Kreditanstalt fuer Wiederaufbau					1.50%, 09/13/2019		500		494
0.00%, 04/18/2036(b)			260	151	State Street Corp
1.00%, 07/15/2019			1,500	1,478	2.55%, 08/18/2020		220		222
1.38%, 12/14/2018			750	747	2.65%, 05/19/2026		500		487
1.50%, 02/06/2019			500	498	3.10%, 05/15/2023		50		51
1.50%, 04/20/2020			1,000	988	3.55%, 08/18/2025		200		208
1.50%, 06/15/2021			210	205	Sumitomo Mitsui Financial Group Inc
1.63%, 03/15/2021			1,535	1,509	2.06%, 07/14/2021		500		490
1.75%, 10/15/2019			550	548	2.44%, 10/19/2021		500		495
1.88%, 04/01/2019			1,200	1,200	2.78%, 07/12/2022		300		299
2.00%, 05/02/2025			280	270	2.85%, 01/11/2022		1,000		1,003
2.13%, 06/15/2022			400	397	3.36%, 07/12/2027		300		299
2.13%, 01/17/2023			500	495	3.45%, 01/11/2027		130		131
2.50%, 11/20/2024			300	300	Svenska Handelsbanken AB
2.75%, 09/08/2020			1,100	1,121	1.88%, 09/07/2021		1,000		978
4.00%, 01/27/2020			100	104	Toronto-Dominion Bank/The
Landwirtschaftliche Rentenbank					2.13%, 07/02/2019		750		750
2.38%, 06/10/2025			750	744	3.62%, 09/15/2031		300		297
Lloyds Bank PLC					USSW5 Index Spread + 2.21%
2.70%, 08/17/2020			200	201	UBS AG/Stamford CT
Lloyds Banking Group PLC					4.88%, 08/04/2020		500		532
3.00%, 01/11/2022			800	804	US Bancorp
4.58%, 12/10/2025			1,000	1,050	3.00%, 03/15/2022		50		51
4.65%, 03/24/2026			400	422	3.15%, 04/27/2027		500		498
Manufacturers & Traders Trust Co					3.60%, 09/11/2024		750		777
2.10%, 02/06/2020			300	299	US Bank NA/Cincinnati OH
Mitsubishi UFJ Financial Group Inc					2.13%, 10/28/2019		500		500
2.76%, 09/13/2026			500	479	Wells Fargo & Co
2.95%, 03/01/2021			750	758	2.10%, 07/26/2021		500		492
Mizuho Financial Group Inc					2.60%, 07/22/2020		1,250		1,258
2.27%, 09/13/2021			300	294	3.00%, 01/22/2021		500		508
Morgan Stanley					3.00%, 04/22/2026		400		390
2.50%, 04/21/2021			1,000	996	3.00%, 10/23/2026		500		489
2.63%, 11/17/2021			1,000	998	3.30%, 09/09/2024		1,000		1,014
2.75%, 05/19/2022			300	300	3.45%, 02/13/2023		500		510
3.13%, 07/27/2026			640	628	3.58%, 05/22/2028		300		304
3.70%, 10/23/2024			1,000	1,032	3 Month LIBOR + 1.31%
3.75%, 02/25/2023			100	104	3.90%, 05/01/2045		620		627
4.30%, 01/27/2045			250	263	4.10%, 06/03/2026		500		520
4.35%, 09/08/2026			500	522	4.65%, 11/04/2044		1,000		1,073
4.88%, 11/01/2022			650	700	4.75%, 12/07/2046		250		274
5.50%, 07/24/2020			700	752	5.38%, 02/07/2035		250		299
5.50%, 07/28/2021			1,000	1,098	Wells Fargo Bank NA
5.75%, 01/25/2021			100	109	2.15%, 12/06/2019		250		250
6.38%, 07/24/2042			200	273	Westpac Banking Corp
7.30%, 05/13/2019			1,450	1,552	1.60%, 08/19/2019		500		495
					2.10%, 05/13/2021		390		386
					2.70%, 08/19/2026		500		480

See accompanying notes.

4

Schedule of Investments
Bond Market Index Fund
November 30, 2017 (unaudited)
			Principal				Principal
BONDS (continued)			Amount (000's) Value (000's)			BONDS (continued)	Amount (000's) Value (000's)
Banks (continued)						Building Materials (continued)
Westpac Banking Corp	(continued)					Owens Corning
2.85%, 05/13/2026		$	500	$	487	4.20%, 12/15/2022	$	30	$	31
4.88%, 11/19/2019			50		52			$		1,739
			$		119,660	Chemicals - 0.37%
Beverages - 0.73%						Agrium Inc
Anheuser-Busch InBev Finance Inc						5.25%, 01/15/2045		300		344
1.90%, 02/01/2019			1,345		1,343	Dow Chemical Co/The
2.65%, 02/01/2021			609		614	3.50%, 10/01/2024		250		257
3.65%, 02/01/2026			1,220		1,251	8.55%, 05/15/2019		500		544
4.90%, 02/01/2046			1,600		1,806	9.40%, 05/15/2039		380		640
Anheuser-Busch InBev Worldwide Inc						Eastman Chemical Co
3.75%, 07/15/2042			750		720	2.70%, 01/15/2020		550		555
5.00%, 04/15/2020			609		647	EI du Pont de Nemours & Co
6.88%, 11/15/2019			40		44	3.63%, 01/15/2021		750		777
8.20%, 01/15/2039			40		63	4.15%, 02/15/2043		50		51
Coca-Cola Co/The						LYB International Finance BV
2.45%, 11/01/2020			750		757	4.88%, 03/15/2044		530		578
3.15%, 11/15/2020			440		453	Methanex Corp
Diageo Capital PLC						3.25%, 12/15/2019		30		30
4.83%, 07/15/2020			50		53	Monsanto Co
Diageo Investment Corp						2.75%, 07/15/2021		500		503
2.88%, 05/11/2022			780		792	3.95%, 04/15/2045		500		482
Dr Pepper Snapple Group Inc						Mosaic Co/The
3.13%, 12/15/2023			500		506	4.25%, 11/15/2023		300		310
Molson Coors Brewing Co						5.45%, 11/15/2033		500		535
2.10%, 07/15/2021			500		489	5.63%, 11/15/2043		25		27
4.20%, 07/15/2046			250		248	Potash Corp of Saskatchewan Inc
PepsiCo Inc						3.00%, 04/01/2025		150		146
1.35%, 10/04/2019			750		742	3.63%, 03/15/2024		550		562
2.38%, 10/06/2026			500		476	PPG Industries Inc
2.75%, 03/05/2022			280		284	3.60%, 11/15/2020		50		51
3.60%, 08/13/2042			400		395	Praxair Inc
4.50%, 01/15/2020			1,000		1,050	2.20%, 08/15/2022		50		49
Pepsi-Cola Metropolitan Bottling Co Inc						Sherwin-Williams Co/The
7.00%, 03/01/2029			750		1,009	3.45%, 06/01/2027		180		182
			$		13,742	Westlake Chemical Corp
Biotechnology - 0.46%						5.00%, 08/15/2046		350		386
Amgen Inc								$		7,009
3.88%, 11/15/2021			500		521	Commercial Mortgage Backed Securities - 1.85%
4.10%, 06/15/2021			1,000		1,047	CFCRE Commercial Mortgage Trust 2017-
4.66%, 06/15/2051			760		818	C8
5.70%, 02/01/2019			34		36	3.57%, 06/15/2050		1,000		1,028
5.75%, 03/15/2040			530		644	Citigroup Commercial Mortgage Trust 2013-
Baxalta Inc						GC15
3.60%, 06/23/2022			750		770	4.37%, 09/10/2046(c)		500		540
5.25%, 06/23/2045			250		282	Citigroup Commercial Mortgage Trust 2015-
Biogen Inc						GC33
2.90%, 09/15/2020			500		507	3.52%, 09/10/2058		1,000		1,031
4.05%, 09/15/2025			160		169	COMM 2012-CCRE2 Mortgage Trust
Celgene Corp						3.79%, 08/15/2045		200		208
3.88%, 08/15/2025			790		814	COMM 2012-CCRE4 Mortgage Trust
4.35%, 11/15/2047			120		121	3.25%, 10/15/2045		500		502
5.00%, 08/15/2045			230		253	COMM 2013-CCRE6 Mortgage Trust
Gilead Sciences Inc						3.10%, 03/10/2046		500		509
1.95%, 03/01/2022			300		293	COMM 2014-CCRE15 Mortgage Trust
2.05%, 04/01/2019			40		40	4.07%, 02/10/2047(c)		500		530
2.35%, 02/01/2020			300		301	COMM 2014-CCRE20 Mortgage Trust
2.95%, 03/01/2027			150		147	3.59%, 11/10/2047		1,302		1,347
3.70%, 04/01/2024			600		628	COMM 2014-LC15 Mortgage Trust
4.00%, 09/01/2036			200		207	4.20%, 04/10/2047		350		370
4.60%, 09/01/2035			590		651	COMM 2014-UBS3 Mortgage Trust
4.75%, 03/01/2046			400		448	3.82%, 06/10/2047		550		576
			$		8,697	COMM 2015-DC1 Mortgage Trust
Building Materials - 0.09%						3.08%, 02/10/2048		500		500
Johnson Controls International plc						COMM 2015-LC19 Mortgage Trust
3.75%, 12/01/2021			755		783	3.18%, 02/10/2048		500		508
5.13%, 09/14/2045			500		573	COMM 2015-PC1 Mortgage Trust
5.25%, 12/01/2041			30		34	3.90%, 07/10/2050		885		930
Masco Corp						Commercial Mortgage Pass Through
4.45%, 04/01/2025			300		318	Certificates
						3.76%, 02/10/2049		2,000		2,091

See accompanying notes.

5

Schedule of Investments
Bond Market Index Fund
November 30, 2017 (unaudited)
		Principal				Principal
BONDS (continued)		Amount (000's)		Value (000's)	BONDS (continued)	Amount (000's)     Value (000's)
Commercial Mortgage Backed Securities (continued)					Commercial Mortgage Backed Securities (continued)
Fannie Mae-Aces					WFRBS Commercial Mortgage Trust 2012-
2.30%, 09/25/2022(c)		$	465	$ 463	C7
2.48%, 04/25/2022			458	460	2.30%, 06/15/2045	$	385	$	386
2.51%, 11/25/2022(c)			1,000	1,003	WFRBS Commercial Mortgage Trust 2012-
2.60%, 04/25/2023(c)			322	321	C9
2.93%, 04/25/2025(c)			800	803	3.39%, 11/15/2045		500		510
2.94%, 01/25/2026(c)			1,601	1,611	WFRBS Commercial Mortgage Trust 2013-
3.22%, 08/25/2024(c)			977	1,002	C14
3.46%, 01/25/2024(c)			33	34	3.34%, 06/15/2046		500		512
4.33%, 03/25/2020(c)			87	90	WFRBS Commercial Mortgage Trust 2014-
Freddie Mac Multifamily Structured Pass					C20
Through Certificates					4.00%, 05/15/2047		500		529
2.08%, 12/25/2019			9	9			$		34,966
2.67%, 03/25/2026			1,000	990	Commercial Services - 0.19%
2.87%, 12/25/2021			350	358	California Institute of Technology
3.02%, 02/25/2023			80	82	4.32%, 08/01/2045		50		57
3.06%, 07/25/2023(c)			150	154	4.70%, 11/01/2111		250		268
3.17%, 10/25/2024			1,000	1,033	Ecolab Inc
3.21%, 03/25/2025			1,248	1,289	5.50%, 12/08/2041		400		494
3.24%, 04/25/2027			250	257	Massachusetts Institute of Technology
3.30%, 04/25/2023(c)			500	520	3.89%, 07/01/2116		375		359
3.30%, 07/25/2024			500	521	3.96%, 07/01/2038		185		201
3.41%, 12/25/2026			2,000	2,081	4.68%, 07/01/2114		100		114
3.53%, 06/25/2020			335	345	Moody's Corp
4.33%, 10/25/2020(c)			500	527	4.50%, 09/01/2022		500		535
GS Mortgage Securities Trust 2011-GC5					5.25%, 07/15/2044		90		107
3.71%, 08/10/2044			375	389	S&P Global Inc
GS Mortgage Securities Trust 2013-GCJ14					4.00%, 06/15/2025		350		368
4.24%, 08/10/2046			50	54	6.55%, 11/15/2037		30		39
GS Mortgage Securities Trust 2015-GC28					Total System Services Inc
3.40%, 02/10/2048			600	614	3.80%, 04/01/2021		500		514
GS Mortgage Securities Trust 2016-GS2					4.80%, 04/01/2026		500		542
3.05%, 05/10/2049			1,000	1,000	University of Southern California
JPMBB Commercial Mortgage Securities					5.25%, 10/01/2111		20		25
Trust 2013-C14					Western Union Co/The
4.41%, 08/15/2046(c)			500	532	5.25%, 04/01/2020		30		32
JPMBB Commercial Mortgage Securities							$		3,655
Trust 2014-C18					Computers - 0.75%
4.08%, 02/15/2047			50	53	Apple Inc
JPMBB Commercial Mortgage Securities					1.55%, 02/07/2020		500		494
Trust 2014-C19					2.25%, 02/23/2021		625		624
3.67%, 04/15/2047			500	519	2.30%, 05/11/2022		290		288
Morgan Stanley Bank of America Merrill					2.45%, 08/04/2026		750		716
Lynch Trust 2013-C11					2.85%, 05/06/2021		550		560
3.09%, 08/15/2046			77	77	2.85%, 02/23/2023		750		760
4.31%, 08/15/2046(c)			1,130	1,213	2.90%, 09/12/2027		300		296
Morgan Stanley Bank of America Merrill					3.00%, 11/13/2027		190		189
Lynch Trust 2013-C12					3.20%, 05/13/2025		560		571
4.26%, 10/15/2046(c)			500	538	3.25%, 02/23/2026		750		763
Morgan Stanley Bank of America Merrill					3.35%, 02/09/2027		280		286
Lynch Trust 2014-C14					3.45%, 02/09/2045		300		284
3.67%, 02/15/2047			500	515	3.75%, 09/12/2047		200		199
Morgan Stanley Bank of America Merrill					3.75%, 11/13/2047		120		120
Lynch Trust 2014-C15					3.85%, 05/04/2043		550		559
4.05%, 04/15/2047			580	617	4.38%, 05/13/2045		80		88
Morgan Stanley Bank of America Merrill					4.65%, 02/23/2046		170		194
Lynch Trust 2015-C20					Dell International LLC / EMC Corp
3.25%, 02/15/2048			500	507	3.48%, 06/01/2019(a)		295		299
Morgan Stanley Bank of America Merrill					4.42%, 06/15/2021(a)		800		835
Lynch Trust 2015-C21					6.02%, 06/15/2026(a)		640		704
3.15%, 03/15/2048			575	586	8.10%, 07/15/2036(a)		220		272
SG Commercial Mortgage Securities Trust					8.35%, 07/15/2046(a)		185		233
2016	-C5				Hewlett Packard Enterprise Co
3.06%, 10/10/2048			950	936	3.60%, 10/15/2020		320		328
UBS Commercial Mortgage Trust 2012-C1					4.90%, 10/15/2025		200		208
3.00%, 05/10/2045			32	33	6.35%, 10/15/2045		100		102
3.40%, 05/10/2045			69	71	HP Inc
UBS-Barclays Commercial Mortgage Trust					4.65%, 12/09/2021		750		801
2012	-C3				6.00%, 09/15/2041		280		297
3.09%, 08/10/2049			50	51
UBS-Barclays Commercial Mortgage Trust
2012	-C4
2.85%, 12/10/2045			100	101

See accompanying notes.

6

     Schedule of Investments Bond Market Index Fund November 30, 2017 (unaudited)

		Principal					Principal
BONDS (continued)		Amount (000's) Value (000's)			BONDS (continued)		Amount (000's) Value (000's)
Computers (continued)					Diversified Financial Services (continued)
International Business Machines Corp					GE Capital International Funding Co
1.63%, 05/15/2020	$	500	$	494	Unlimited Co
2.25%, 02/19/2021		140		140	2.34%, 11/15/2020	$	500	$	498
2.50%, 01/27/2022		500		501	3.37%, 11/15/2025		1,000		1,016
3.45%, 02/19/2026		750		772	4.42%, 11/15/2035		1,000		1,067
4.70%, 02/19/2046		145		167	HSBC Finance Corp
7.00%, 10/30/2025		370		475	6.68%, 01/15/2021		246		274
Seagate HDD Cayman					Intercontinental Exchange Inc
4.75%, 06/01/2023		550		558	2.75%, 12/01/2020		500		507
		$		14,177	4.00%, 10/15/2023		25		27
Consumer Products - 0.01%					Jefferies Group LLC
Church & Dwight Co Inc					6.88%, 04/15/2021		280		314
3.95%, 08/01/2047		200		197	8.50%, 07/15/2019		33		36
Clorox Co/The					Legg Mason Inc
3.80%, 11/15/2021		30		31	4.75%, 03/15/2026		500		532
Kimberly-Clark Corp					5.63%, 01/15/2044		25		28
2.40%, 03/01/2022		30		30	Mastercard Inc
		$		258	2.00%, 04/01/2019		30		30
Cosmetics & Personal Care - 0.11%					3.38%, 04/01/2024		150		156
Colgate-Palmolive Co					National Rural Utilities Cooperative Finance
2.45%, 11/15/2021		500		504	Corp
Procter & Gamble Co/The					2.85%, 01/27/2025		100		99
1.70%, 11/03/2021		500		490	3.05%, 02/15/2022		530		540
2.30%, 02/06/2022		500		500	Nomura Holdings Inc
5.55%, 03/05/2037		24		32	6.70%, 03/04/2020		500		544
Unilever Capital Corp					Private Export Funding Corp
4.25%, 02/10/2021		500		529	2.80%, 05/15/2022		500		510
		$		2,055	Visa Inc
Credit Card Asset Backed Securities - 0.28%					2.20%, 12/14/2020		375		375
American Express Credit Account Master					3.15%, 12/14/2025		360		367
Trust					3.65%, 09/15/2047		500		502
1.93%, 09/15/2022		1,025		1,022	4.15%, 12/14/2035		140		153
Barclays Dryrock Issuance Trust					4.30%, 12/14/2045		240		266
2.20%, 12/15/2022		760		761			$		13,276
Chase Issuance Trust					Electric - 1.63%
1.37%, 06/15/2021		1,000		991	Ameren Illinois Co
Citibank Credit Card Issuance Trust					2.70%, 09/01/2022		530		532
2.88%, 01/23/2023		605		617	Berkshire Hathaway Energy Co
Discover Card Execution Note Trust					3.75%, 11/15/2023		750		784
2.12%, 12/15/2021		500		501	6.13%, 04/01/2036		450		588
2.39%, 07/15/2024		1,150		1,152	Commonwealth Edison Co
Synchrony Credit Card Master Note Trust					4.70%, 01/15/2044		150		174
2016-2					Consolidated Edison Co of New York Inc
2.21%, 05/15/2024		250		249	4.30%, 12/01/2056		350		368
		$		5,293	6.75%, 04/01/2038		530		751
Distribution & Wholesale - 0.03%					Consumers Energy Co
WW Grainger Inc					6.70%, 09/15/2019		620		668
4.60%, 06/15/2045		500		539	Dominion Energy Inc
					2.50%, 12/01/2019		300		301
Diversified Financial Services - 0.70%					4.05%, 09/15/2042		900		903
Air Lease Corp					DTE Electric Co
3.38%, 01/15/2019		50		51	3.70%, 03/15/2045		200		201
3.75%, 02/01/2022		70		73	DTE Energy Co
American Express Co					3.50%, 06/01/2024		500		511
4.05%, 12/03/2042		500		515	Duke Energy Carolinas LLC
American Express Credit Corp					4.00%, 09/30/2042		280		294
1.88%, 05/03/2019		500		498	5.30%, 02/15/2040		250		310
2.25%, 08/15/2019		750		751	6.00%, 12/01/2028		500		620
3.30%, 05/03/2027		500		503	Duke Energy Corp
Ameriprise Financial Inc					1.80%, 09/01/2021		500		487
4.00%, 10/15/2023		775		822	Duke Energy Florida LLC
BlackRock Inc					3.20%, 01/15/2027		500		505
3.38%, 06/01/2022		30		31	3.40%, 10/01/2046		200		190
4.25%, 05/24/2021		500		531	Duke Energy Progress LLC
5.00%, 12/10/2019		430		454	4.38%, 03/30/2044		400		442
Capital One Bank USA NA					Edison International
2.25%, 02/13/2019		400		400	2.95%, 03/15/2023		350		352
Charles Schwab Corp/The					Emera US Finance LP
3.00%, 03/10/2025		300		299	2.15%, 06/15/2019		1,000		997
CME Group Inc					Enel Generacion Chile SA
3.00%, 03/15/2025		500		507	4.25%, 04/15/2024		30		31
					Entergy Arkansas Inc
					3.75%, 02/15/2021		30		31

See accompanying notes.

7

Schedule of Investments
Bond Market Index Fund
November 30, 2017 (unaudited)
		Principal			Principal
BONDS (continued)		Amount (000's)	Value (000's)	BONDS (continued)	Amount (000's)			Value (000's)
Electric (continued)				Electric (continued)
Entergy Corp				South Carolina Electric & Gas Co
5.13%, 09/15/2020	$	30	$ 32	5.45%, 02/01/2041	$	540	$	620
Entergy Louisiana LLC				Southern California Edison Co
3.12%, 09/01/2027		300	299	5.50%, 03/15/2040		350		447
3.25%, 04/01/2028		500	499	5.95%, 02/01/2038		30		40
Exelon Corp				Southern Co/The
4.95%, 06/15/2035		320	362	2.35%, 07/01/2021		400		396
5.15%, 12/01/2020		500	533	4.40%, 07/01/2046		540		566
Exelon Generation Co LLC				Southern Power Co
4.25%, 06/15/2022		500	527	2.50%, 12/15/2021		300		298
FirstEnergy Corp				4.95%, 12/15/2046		300		323
3.90%, 07/15/2027		400	408	Southwestern Electric Power Co
4.85%, 07/15/2047		400	431	6.20%, 03/15/2040		390		514
Florida Power & Light Co				6.45%, 01/15/2019		30		31
2.75%, 06/01/2023		500	503	Southwestern Public Service Co
3.70%, 12/01/2047		70	72	4.50%, 08/15/2041		600		671
4.05%, 10/01/2044		25	27	TransAlta Corp
5.65%, 02/01/2037		250	318	6.50%, 03/15/2040		30		30
Georgia Power Co				Union Electric Co
3.25%, 03/30/2027		750	750	3.65%, 04/15/2045		500		499
Great Plains Energy Inc				Virginia Electric & Power Co
4.85%, 06/01/2021		30	32	3.15%, 01/15/2026		500		503
Hydro-Quebec				WEC Energy Group Inc
8.05%, 07/07/2024		530	686	3.55%, 06/15/2025		70		72
Mississippi Power Co						$		30,940
4.25%, 03/15/2042		30	29	Electrical Components & Equipment - 0.00%
Nevada Power Co				Emerson Electric Co
7.13%, 03/15/2019		434	460	2.63%, 02/15/2023		30		30
NextEra Energy Capital Holdings Inc				4.88%, 10/15/2019		30		31
2.30%, 04/01/2019		300	300			$		61
4.50%, 06/01/2021		50	53	Electronics - 0.09%
Northern States Power Co/MN				Arrow Electronics Inc
5.35%, 11/01/2039		30	37	4.50%, 03/01/2023		30		31
NSTAR Electric Co				Corning Inc
2.38%, 10/15/2022		500	495	4.25%, 08/15/2020		500		523
3.20%, 05/15/2027		300	303	Honeywell International Inc
Oncor Electric Delivery Co LLC				3.35%, 12/01/2023		500		520
5.25%, 09/30/2040		530	648	Jabil Inc
Pacific Gas & Electric Co				4.70%, 09/15/2022		30		31
3.75%, 02/15/2024		125	129	Koninklijke Philips NV
5.40%, 01/15/2040		30	36	3.75%, 03/15/2022		500		521
5.80%, 03/01/2037		500	616	5.00%, 03/15/2042		30		35
6.35%, 02/15/2038		400	519	Tyco Electronics Group SA
PacifiCorp				7.13%, 10/01/2037		37		52
6.00%, 01/15/2039		500	663			$		1,713
PECO Energy Co				Environmental Control - 0.10%
1.70%, 09/15/2021		60	58	Republic Services Inc
2.38%, 09/15/2022		730	725	2.90%, 07/01/2026		500		487
3.70%, 09/15/2047		297	301	3.20%, 03/15/2025		300		301
4.15%, 10/01/2044		400	430	5.50%, 09/15/2019		25		26
Potomac Electric Power Co				Waste Management Inc
3.60%, 03/15/2024		30	31	3.50%, 05/15/2024		1,000		1,032
PPL Capital Funding Inc						$		1,846
3.50%, 12/01/2022		1,000	1,024	Federal & Federally Sponsored Credit - 0.01%
PPL Electric Utilities Corp				Federal Farm Credit Banks
3.95%, 06/01/2047		300	313	1.58%, 02/17/2021		150		147
Progress Energy Inc
3.15%, 04/01/2022		40	41	Finance - Mortgage Loan/Banker - 1.63%
7.75%, 03/01/2031		500	698	Fannie Mae
PSEG Power LLC				0.00%, 10/09/2019(b)		85		82
8.63%, 04/15/2031		500	661	0.88%, 12/27/2017		650		650
Public Service Co of Colorado				0.88%, 08/02/2019		500		492
3.80%, 06/15/2047		400	411	1.00%, 02/26/2019		250		248
Puget Energy Inc				1.00%, 08/28/2019		250		247
6.00%, 09/01/2021		500	556	1.05%, 05/25/2018		50		50
Puget Sound Energy Inc				1.13%, 12/14/2018		700		696
4.30%, 05/20/2045		400	445	1.13%, 07/26/2019		2,200		2,175
San Diego Gas & Electric Co				1.25%, 02/26/2019		2,000		1,986
3.60%, 09/01/2023		30	31	1.25%, 05/06/2021		300		292
4.50%, 08/15/2040		350	398	1.38%, 01/28/2019		205		204
				1.38%, 02/26/2021		250		245
				1.50%, 11/30/2020		500		493

See accompanying notes.

8

Schedule of Investments
Bond Market Index Fund
November 30, 2017 (unaudited)
	Principal						Principal
BONDS (continued)	Amount (000's)        Value (000's)				BONDS (continued)		Amount (000's) Value (000's)
Finance - Mortgage Loan/Banker (continued)					Food (continued)
Fannie Mae (continued)					Tyson Foods Inc
1.70%, 01/27/2020	$	500	$	496	4.88%, 08/15/2034	$	350	$	386
1.75%, 09/12/2019		1,000		998			$		6,848
1.88%, 02/19/2019		500		501	Forest Products & Paper - 0.08%
1.88%, 12/28/2020		300		299	Georgia-Pacific LLC
2.00%, 01/05/2022		500		498	7.75%, 11/15/2029		20		28
2.13%, 04/24/2026		1,000		969	8.00%, 01/15/2024		400		509
2.63%, 09/06/2024		500		507	International Paper Co
5.63%, 07/15/2037		65		90	3.65%, 06/15/2024		250		259
6.63%, 11/15/2030		500		705	4.40%, 08/15/2047		250		256
7.13%, 01/15/2030		250		360	7.30%, 11/15/2039		326		452
7.25%, 05/15/2030		249		364			$		1,504
Federal Home Loan Banks					Gas - 0.14%
0.88%, 08/05/2019		1,000		984	Atmos Energy Corp
1.00%, 09/26/2019		250		246	4.13%, 10/15/2044		250		266
1.13%, 06/21/2019		1,000		990	Dominion Energy Gas Holdings LLC
1.13%, 07/14/2021		950		920	3.55%, 11/01/2023		30		30
1.25%, 01/16/2019		1,000		994	4.60%, 12/15/2044		200		214
1.38%, 05/28/2019		500		497	ONE Gas Inc
1.38%, 11/15/2019		1,000		989	3.61%, 02/01/2024		50		52
1.38%, 09/28/2020		500		492	Sempra Energy
1.38%, 02/18/2021		500		490	2.40%, 03/15/2020		200		200
1.63%, 06/14/2019		800		798	6.00%, 10/15/2039		634		816
1.75%, 12/14/2018		750		750	Southern California Gas Co
1.88%, 03/13/2020		500		500	3.15%, 09/15/2024		500		511
4.13%, 03/13/2020		100		105	Washington Gas Light Co
5.50%, 07/15/2036		50		68	3.80%, 09/15/2046		500		505
5.63%, 06/11/2021		65		73			$		2,594
Freddie Mac					Hand & Machine Tools - 0.04%
1.13%, 04/15/2019		1,000		991	Snap-on Inc
1.25%, 10/02/2019		1,500		1,484	3.25%, 03/01/2027		500		506
1.38%, 08/15/2019		500		496	Stanley Black & Decker Inc
1.38%, 05/01/2020		500		494	3.40%, 12/01/2021		250		257
1.40%, 08/22/2019		163		162			$		763
1.50%, 01/17/2020		500		496	Healthcare - Products - 0.48%
1.75%, 05/30/2019		250		250	Abbott Laboratories
2.38%, 01/13/2022		1,750		1,767	2.00%, 03/15/2020		300		298
3.75%, 03/27/2019		1,250		1,283	2.90%, 11/30/2021		460		463
4.88%, 06/13/2018		63		64	3.75%, 11/30/2026		410		417
6.25%, 07/15/2032		500		700	4.75%, 04/15/2043		300		326
6.75%, 03/15/2031		43		61	4.90%, 11/30/2046		310		345
		$		30,791	5.13%, 04/01/2019		530		549
Food - 0.36%					Becton Dickinson and Co
Campbell Soup Co					3.73%, 12/15/2024		731		744
4.25%, 04/15/2021		30		32	5.00%, 11/12/2040		30		32
General Mills Inc					Boston Scientific Corp
3.15%, 12/15/2021		30		31	3.85%, 05/15/2025		950		981
JM Smucker Co/The					6.00%, 01/15/2020		30		32
3.00%, 03/15/2022		300		303	Medtronic Inc
4.25%, 03/15/2035		300		311	3.15%, 03/15/2022		1,000		1,025
Kellogg Co					3.50%, 03/15/2025		780		806
2.65%, 12/01/2023		460		456	4.38%, 03/15/2035		234		257
4.00%, 12/15/2020		780		817	4.63%, 03/15/2044		500		557
Koninklijke Ahold Delhaize NV					5.55%, 03/15/2040		40		50
5.70%, 10/01/2040		30		34	Stryker Corp
Kraft Heinz Foods Co					3.50%, 03/15/2026		500		514
3.00%, 06/01/2026		285		272	4.38%, 05/15/2044		25		27
3.50%, 06/06/2022		1,000		1,023	Thermo Fisher Scientific Inc
3.50%, 07/15/2022		500		511	2.95%, 09/19/2026		300		291
3.95%, 07/15/2025		120		123	4.15%, 02/01/2024		600		635
4.38%, 06/01/2046		345		333	4.70%, 05/01/2020		30		32
5.20%, 07/15/2045		260		281	Zimmer Biomet Holdings Inc
5.38%, 02/10/2020		30		32	3.15%, 04/01/2022		200		201
6.50%, 02/09/2040		30		37	3.55%, 04/01/2025		500		499
Kroger Co/The							$		9,081
2.95%, 11/01/2021		500		507	Healthcare - Services - 0.47%
4.65%, 01/15/2048		300		300	Aetna Inc
5.15%, 08/01/2043		500		525	6.63%, 06/15/2036		13		17
5.40%, 07/15/2040		30		32	6.75%, 12/15/2037		205		276
Sysco Corp					AHS Hospital Corp
3.30%, 07/15/2026		500		502	5.02%, 07/01/2045		400		478

See accompanying notes.

9

Schedule of Investments
Bond Market Index Fund
November 30, 2017 (unaudited)
		Principal					Principal
BONDS (continued)		Amount (000's)    Value (000's)			BONDS (continued)		Amount (000's) Value (000's)
Healthcare - Services (continued)					Insurance (continued)
Anthem Inc					Chubb INA Holdings Inc
3.50%, 08/15/2024	$	450	$	457	2.70%, 03/13/2023	$	300	$	299
3.65%, 12/01/2027		300		303	2.88%, 11/03/2022		500		506
4.38%, 12/01/2047		300		308	5.90%, 06/15/2019		30		32
4.65%, 01/15/2043		30		32	CNA Financial Corp
4.65%, 08/15/2044		650		695	5.75%, 08/15/2021		40		44
Cigna Corp					First American Financial Corp
3.88%, 10/15/2047		95		92	4.60%, 11/15/2024		300		311
4.00%, 02/15/2022		600		627	Lincoln National Corp
Coventry Health Care Inc					6.15%, 04/07/2036		20		24
5.45%, 06/15/2021		108		117	Manulife Financial Corp
Duke University Health System Inc					4.15%, 03/04/2026		300		318
3.92%, 06/01/2047		300		308	Marsh & McLennan Cos Inc
Humana Inc					2.35%, 09/10/2019		25		25
2.63%, 10/01/2019		20		20	2.35%, 03/06/2020		200		200
4.63%, 12/01/2042		500		534	MetLife Inc
Laboratory Corp of America Holdings					3.60%, 11/13/2025		750		778
4.70%, 02/01/2045		250		264	4.05%, 03/01/2045		200		204
Memorial Sloan-Kettering Cancer Center					4.72%, 12/15/2044		200		224
4.13%, 07/01/2052		350		367	4.75%, 02/08/2021		750		804
4.20%, 07/01/2055		250		266	6.40%, 12/15/2066		430		492
Northwell Healthcare Inc					7.72%, 02/15/2019		130		139
3.98%, 11/01/2046		500		483	PartnerRe Finance B LLC
Providence St Joseph Health Obligated					5.50%, 06/01/2020		40		43
Group					Progressive Corp/The
3.74%, 10/01/2047		500		488	3.75%, 08/23/2021		30		31
Quest Diagnostics Inc					4.35%, 04/25/2044		30		33
4.75%, 01/30/2020		12		13	Prudential Financial Inc
Trinity Health Corp					5.20%, 03/15/2044		400		424
4.13%, 12/01/2045		500		516	3 Month LIBOR + 3.04%
UnitedHealth Group Inc					5.70%, 12/14/2036		480		593
2.70%, 07/15/2020		300		304	6.63%, 12/01/2037		550		762
3.75%, 07/15/2025		190		199	7.38%, 06/15/2019		500		538
4.70%, 02/15/2021		500		533	Reinsurance Group of America Inc
4.75%, 07/15/2045		500		574	4.70%, 09/15/2023		30		32
6.50%, 06/15/2037		500		690	Travelers Cos Inc/The
		$		8,961	6.25%, 06/15/2037		533		715
Housewares - 0.05%					Voya Financial Inc
Newell Brands Inc					3.65%, 06/15/2026		335		335
2.88%, 12/01/2019		200		202	XLIT Ltd
4.20%, 04/01/2026		750		784	2.30%, 12/15/2018		500		501
		$		986			$		15,927
Insurance - 0.84%					Internet - 0.27%
Aflac Inc					Alibaba Group Holding Ltd
3.63%, 11/15/2024		300		314	3.60%, 11/28/2024		1,000		1,028
Alleghany Corp					Alphabet Inc
4.90%, 09/15/2044		500		532	2.00%, 08/15/2026		500		471
Allstate Corp/The					3.63%, 05/19/2021		40		42
3.28%, 12/15/2026		300		304	Amazon.com Inc
5.35%, 06/01/2033		350		409	2.40%, 02/22/2023(a)		300		296
American International Group Inc					2.50%, 11/29/2022		40		40
3.88%, 01/15/2035		300		294	2.60%, 12/05/2019		500		506
3.90%, 04/01/2026		750		774	3.15%, 08/22/2027(a)		450		449
4.38%, 01/15/2055		300		295	3.88%, 08/22/2037(a)		340		355
4.80%, 07/10/2045		260		284	4.80%, 12/05/2034		350		404
4.88%, 06/01/2022		850		921	eBay Inc
Aon Corp					2.20%, 08/01/2019		1,000		999
5.00%, 09/30/2020		480		514	2.60%, 07/15/2022		450		446
Aon PLC							$		5,036
3.50%, 06/14/2024		250		256	Iron & Steel - 0.05%
4.75%, 05/15/2045		270		295	Nucor Corp
AXA SA					4.00%, 08/01/2023		250		263
8.60%, 12/15/2030		30		43	Vale Overseas Ltd
Berkshire Hathaway Finance Corp					4.38%, 01/11/2022		300		311
4.25%, 01/15/2021		350		370	6.88%, 11/10/2039		50		61
Berkshire Hathaway Inc					Vale SA
3.13%, 03/15/2026		275		277	5.63%, 09/11/2042		350		380
3.75%, 08/15/2021		750		792			$		1,015
4.50%, 02/11/2043		350		392	Leisure Products & Services - 0.04%
Chubb Corp/The					Carnival Corp
6.50%, 05/15/2038		326		454	3.95%, 10/15/2020		25		26

See accompanying notes.

10

Schedule of Investments
Bond Market Index Fund
November 30, 2017 (unaudited)
		Principal					Principal
BONDS (continued)		Amount (000's) Value (000's)			BONDS (continued)		Amount (000's) Value (000's)
Leisure Products & Services (continued)					Media (continued)
Harley-Davidson Inc					Scripps Networks Interactive Inc
3.50%, 07/28/2025	$	300	$	308	3.95%, 06/15/2025	$	350	$	354
Royal Caribbean Cruises Ltd					Thomson Reuters Corp
5.25%, 11/15/2022		300		331	3.35%, 05/15/2026		400		398
		$		665	3.95%, 09/30/2021		200		208
Lodging - 0.05%					5.85%, 04/15/2040		30		36
Marriott International Inc/MD					Time Warner Cable LLC
2.30%, 01/15/2022		350		344	4.50%, 09/15/2042		1,000		916
2.88%, 03/01/2021		600		604	7.30%, 07/01/2038		60		74
Wyndham Worldwide Corp					8.75%, 02/14/2019		830		892
3.90%, 03/01/2023		25		25	Time Warner Inc
		$		973	2.95%, 07/15/2026		400		377
Machinery - Construction & Mining - 0.08%					3.55%, 06/01/2024		500		508
Caterpillar Financial Services Corp					4.85%, 07/15/2045		500		514
1.70%, 08/09/2021		250		245	4.88%, 03/15/2020		430		452
1.93%, 10/01/2021		500		490	6.20%, 03/15/2040		430		510
2.40%, 08/09/2026		250		239	Viacom Inc
7.15%, 02/15/2019		25		26	3.88%, 12/15/2021		530		539
Caterpillar Inc					4.85%, 12/15/2034		488		462
3.40%, 05/15/2024		500		520	Walt Disney Co/The
3.80%, 08/15/2042		50		52	1.85%, 05/30/2019		1,000		997
		$		1,572	3.75%, 06/01/2021		525		549
Machinery - Diversified - 0.10%					7.00%, 03/01/2032		30		42
Cummins Inc							$		20,131
4.88%, 10/01/2043		25		29	Metal Fabrication & Hardware - 0.01%
John Deere Capital Corp					Precision Castparts Corp
1.95%, 03/04/2019		500		500	3.90%, 01/15/2043		193		198
2.75%, 03/15/2022		530		536
2.80%, 03/06/2023		500		504	Mining - 0.19%
3.35%, 06/12/2024		300		310	Barrick North America Finance LLC
Xylem Inc/NY					5.75%, 05/01/2043		280		344
4.88%, 10/01/2021		17		18	BHP Billiton Finance USA Ltd
		$		1,897	5.00%, 09/30/2043		500		593
Media - 1.06%					Goldcorp Inc
21st Century Fox America Inc					3.63%, 06/09/2021		30		31
3.00%, 09/15/2022		540		545	3.70%, 03/15/2023		500		515
3.38%, 11/15/2026		170		170	Newmont Mining Corp
4.50%, 02/15/2021		500		529	3.50%, 03/15/2022		500		510
4.75%, 11/15/2046		200		211	6.25%, 10/01/2039		350		440
6.40%, 12/15/2035		50		63	Rio Tinto Alcan Inc
7.85%, 03/01/2039		500		715	5.75%, 06/01/2035		400		487
CBS Corp					6.13%, 12/15/2033		30		38
2.90%, 06/01/2023(a)		1,000		985	Southern Copper Corp
3.70%, 08/15/2024		500		514	5.38%, 04/16/2020		40		43
4.85%, 07/01/2042		300		307	5.88%, 04/23/2045		350		425
7.88%, 07/30/2030		30		41	6.75%, 04/16/2040		100		129
Charter Communications Operating LLC /							$		3,555
Charter Communications Operating Capital					Miscellaneous Manufacturers - 0.31%
3.75%, 02/15/2028		500		492	3M Co
4.46%, 07/23/2022		500		521	2.00%, 06/26/2022		500		492
5.38%, 05/01/2047		500		505	Dover Corp
6.38%, 10/23/2035		30		35	5.38%, 03/01/2041		30		36
6.48%, 10/23/2045		500		575	Eaton Corp
Comcast Corp					2.75%, 11/02/2022		520		521
2.75%, 03/01/2023		50		50	4.15%, 11/02/2042		20		21
3.13%, 07/15/2022		575		590	General Electric Co
3.15%, 02/15/2028		170		168	2.30%, 01/14/2019		500		501
3.38%, 02/15/2025		600		611	3.15%, 09/07/2022		500		510
3.38%, 08/15/2025		300		307	4.50%, 03/11/2044		500		542
4.50%, 01/15/2043		25		27	4.63%, 01/07/2021		50		53
4.60%, 08/15/2045		270		294	5.88%, 01/14/2038		750		948
5.65%, 06/15/2035		500		619	6.75%, 03/15/2032		250		339
6.40%, 03/01/2040		500		667	Illinois Tool Works Inc
6.45%, 03/15/2037		1,060		1,409	3.50%, 03/01/2024		540		564
Discovery Communications LLC					Ingersoll-Rand Luxembourg Finance SA
3.95%, 03/20/2028		500		491	2.63%, 05/01/2020		500		501
5.20%, 09/20/2047		300		297	Parker-Hannifin Corp
6.35%, 06/01/2040		40		46	3.30%, 11/21/2024		300		308
Grupo Televisa SAB					3.50%, 09/15/2022		30		31
5.00%, 05/13/2045		500		503
RELX Capital Inc
3.13%, 10/15/2022		16		16

See accompanying notes.

11

Schedule of Investments
Bond Market Index Fund
November 30, 2017 (unaudited)
		Principal					Principal
BONDS (continued)		Amount (000's) Value (000's)			BONDS (continued)		Amount (000's) Value (000's)
Miscellaneous Manufacturers (continued)					Oil & Gas (continued)
Textron Inc					Nexen Energy ULC
4.00%, 03/15/2026	$	500	$	521	6.40%, 05/15/2037	$	730	$	942
		$		5,888	7.50%, 07/30/2039		39		57
Office & Business Equipment - 0.02%					Noble Energy Inc
Xerox Corp					4.15%, 12/15/2021		750		785
4.07%, 03/17/2022		175		176	Occidental Petroleum Corp
4.50%, 05/15/2021		30		31	3.50%, 06/15/2025		500		514
6.75%, 12/15/2039		250		256	4.10%, 02/15/2047		500		518
		$		463	Petro-Canada
Oil & Gas - 1.82%					6.80%, 05/15/2038		534		721
Anadarko Petroleum Corp					Petroleos Mexicanos
6.20%, 03/15/2040		430		510	4.25%, 01/15/2025		50		50
Apache Corp					4.88%, 01/24/2022		1,180		1,234
3.63%, 02/01/2021		530		543	5.50%, 06/27/2044		530		496
4.75%, 04/15/2043		280		284	5.63%, 01/23/2046		800		748
BP Capital Markets PLC					6.50%, 03/13/2027(a)		500		551
2.52%, 01/15/2020		500		504	6.63%, 06/15/2035		750		809
3.02%, 01/16/2027		1,000		983	6.75%, 09/21/2047(a)		250		264
3.25%, 05/06/2022		640		657	6.88%, 08/04/2026		300		342
4.75%, 03/10/2019		170		176	Phillips 66
Canadian Natural Resources Ltd					4.88%, 11/15/2044		500		552
3.80%, 04/15/2024		750		772	5.88%, 05/01/2042		30		37
Cenovus Energy Inc					Pioneer Natural Resources Co
3.00%, 08/15/2022		300		296	3.95%, 07/15/2022		30		31
4.25%, 04/15/2027(a)		300		297	Shell International Finance BV
Chevron Corp					1.38%, 05/10/2019		605		600
2.19%, 11/15/2019		350		351	1.88%, 05/10/2021		1,045		1,030
2.36%, 12/05/2022		350		347	2.88%, 05/10/2026		155		153
2.42%, 11/17/2020		175		176	3.25%, 05/11/2025		280		285
2.43%, 06/24/2020		290		292	4.13%, 05/11/2035		60		64
2.95%, 05/16/2026		180		179	4.38%, 03/25/2020		565		592
3.33%, 11/17/2025		165		169	4.38%, 05/11/2045		500		538
CNOOC Finance 2013 Ltd					6.38%, 12/15/2038		350		475
3.00%, 05/09/2023		500		497	Statoil ASA
CNOOC Nexen Finance 2014 ULC					3.15%, 01/23/2022		300		308
4.25%, 04/30/2024		500		529	5.25%, 04/15/2019		808		842
ConocoPhillips					Suncor Energy Inc
6.50%, 02/01/2039		490		663	4.00%, 11/15/2047		370		371
ConocoPhillips Co					6.50%, 06/15/2038		400		527
2.88%, 11/15/2021		300		303	6.85%, 06/01/2039		13		18
4.95%, 03/15/2026		500		563	Total Capital International SA
Devon Energy Corp					2.13%, 01/10/2019		400		401
3.25%, 05/15/2022		300		305	2.88%, 02/17/2022		400		406
5.60%, 07/15/2041		495		569	Total Capital SA
Ecopetrol SA					4.25%, 12/15/2021		550		587
5.88%, 09/18/2023		1,040		1,161	Valero Energy Corp
EOG Resources Inc					9.38%, 03/15/2019		500		545
2.63%, 03/15/2023		480		473			$		34,450
4.15%, 01/15/2026		500		528	Oil & Gas Services - 0.13%
4.40%, 06/01/2020		40		42	Baker Hughes a GE Co LLC
Exxon Mobil Corp					3.20%, 08/15/2021		128		131
1.71%, 03/01/2019		375		374	Halliburton Co
1.91%, 03/06/2020		500		498	3.25%, 11/15/2021		530		542
2.40%, 03/06/2022		500		500	3.80%, 11/15/2025		145		149
2.71%, 03/06/2025		200		199	4.85%, 11/15/2035		530		580
3.04%, 03/01/2026		500		507	5.00%, 11/15/2045		230		251
Hess Corp					7.45%, 09/15/2039		26		36
4.30%, 04/01/2027		300		299	National Oilwell Varco Inc
7.13%, 03/15/2033		21		26	2.60%, 12/01/2022		400		391
7.30%, 08/15/2031		349		418	3.95%, 12/01/2042		400		352
HollyFrontier Corp							$		2,432
5.88%, 04/01/2026		500		554	Packaging & Containers - 0.00%
Husky Energy Inc					Packaging Corp of America
4.00%, 04/15/2024		500		520	4.50%, 11/01/2023		25		27
Kerr-McGee Corp
6.95%, 07/01/2024		400		472	Pharmaceuticals - 1.17%
Marathon Oil Corp					AbbVie Inc
3.85%, 06/01/2025		500		505	2.50%, 05/14/2020		620		622
4.40%, 07/15/2027		300		308	2.90%, 11/06/2022		550		551
Marathon Petroleum Corp					3.20%, 05/14/2026		390		386
3.63%, 09/15/2024		500		508	3.60%, 05/14/2025		150		153
5.00%, 09/15/2054		200		200

See accompanying notes.

12

Schedule of Investments
Bond Market Index Fund
November 30, 2017 (unaudited)
			Principal				Principal
BONDS (continued)			Amount (000's)	Value (000's)	BONDS (continued)		Amount (000's)          Value (000's)
Pharmaceuticals (continued)					Pharmaceuticals (continued)
	AbbVie Inc  (continued)				Teva Pharmaceutical Finance Netherlands III
4.30%, 05/14/2036		$	240	$ 251	BV
4.45%, 05/14/2046			270	284	3.15%, 10/01/2026	$	1,000	$	833
4.50%, 05/14/2035			220	235	Wyeth LLC
4.70%, 05/14/2045			320	348	6.50%, 02/01/2034		500		678
Allergan Funding SCS					Zoetis Inc
3.00%, 03/12/2020			685	691	3.25%, 02/01/2023		540		549
3.80%, 03/15/2025			1,020	1,028			$		22,197
4.55%, 03/15/2035			170	175	Pipelines - 0.96%
4.75%, 03/15/2045			500	523	Andeavor Logistics LP / Tesoro Logistics
AmerisourceBergen Corp					Finance Corp
3.40%, 05/15/2024			30	30	4.25%, 12/01/2027		300		300
AstraZeneca PLC					5.20%, 12/01/2047		300		301
2.38%, 11/16/2020			195	195	Boardwalk Pipelines LP
2.38%, 06/12/2022			500	493	3.38%, 02/01/2023		30		30
3.38%, 11/16/2025			180	182	Buckeye Partners LP
4.00%, 09/18/2042			300	299	3.95%, 12/01/2026		500		489
Bristol-Myers Squibb Co					4.35%, 10/15/2024		25		26
3.25%, 08/01/2042			515	486	Enbridge Energy Partners LP
Cardinal Health Inc					5.20%, 03/15/2020		24		25
1.95%, 06/14/2019			300	298	7.38%, 10/15/2045		70		91
3.41%, 06/15/2027			400	391	7.50%, 04/15/2038		350		444
4.60%, 03/15/2043			430	437	Energy Transfer LP
Eli Lilly & Co					4.05%, 03/15/2025		300		300
5.50%, 03/15/2027			530	635	4.20%, 04/15/2027		300		300
Express Scripts Holding Co					4.90%, 03/15/2035		500		488
3.90%, 02/15/2022			500	520	5.30%, 04/15/2047		300		292
4.75%, 11/15/2021			50	54	6.50%, 02/01/2042		530		595
4.80%, 07/15/2046			500	518	9.00%, 04/15/2019		16		17
GlaxoSmithKline Capital Inc					Energy Transfer LP / Regency Energy Finance
6.38%, 05/15/2038			430	594	Corp
Johnson & Johnson					5.00%, 10/01/2022		350		375
1.65%, 03/01/2021			265	261	EnLink Midstream Partners LP
2.45%, 03/01/2026			225	219	4.40%, 04/01/2024		200		206
3.50%, 01/15/2048			70	70	Enterprise Products Operating LLC
3.55%, 03/01/2036			750	767	3.70%, 02/15/2026		400		408
5.95%, 08/15/2037			75	102	3.75%, 02/15/2025		850		874
McKesson Corp					4.45%, 02/15/2043		350		353
2.70%, 12/15/2022			500	498	4.85%, 08/15/2042		400		425
4.75%, 03/01/2021			100	106	5.20%, 09/01/2020		430		461
4.88%, 03/15/2044			80	86	6.88%, 03/01/2033		39		51
Mead Johnson Nutrition Co					EQT Midstream Partners LP
4.60%, 06/01/2044			30	33	4.13%, 12/01/2026		500		497
Merck & Co Inc					Kinder Morgan Energy Partners LP
4.15%, 05/18/2043			750	810	3.50%, 09/01/2023		390		391
Merck Sharp & Dohme Corp					3.95%, 09/01/2022		600		621
5.00%, 06/30/2019			530	555	4.70%, 11/01/2042		20		19
	Mylan Inc				6.38%, 03/01/2041		380		437
4.20%, 11/29/2023			30	31	6.95%, 01/15/2038		383		464
	Mylan NV				Kinder Morgan Inc/DE
3.15%, 06/15/2021			825	830	3.05%, 12/01/2019		400		403
3.95%, 06/15/2026			240	239	5.05%, 02/15/2046		300		303
5.25%, 06/15/2046			125	133	Magellan Midstream Partners LP
Novartis Capital Corp					4.25%, 02/01/2021		750		785
4.40%, 04/24/2020			30	32	MPLX LP
4.40%, 05/06/2044			530	595	4.13%, 03/01/2027		140		142
Novartis Securities Investment Ltd					4.88%, 12/01/2024		500		537
5.13%, 02/10/2019			500	518	4.88%, 06/01/2025		100		107
	Pfizer Inc				ONEOK Inc
1.95%, 06/03/2021			200	198	4.00%, 07/13/2027		300		300
3.00%, 12/15/2026			500	502	7.50%, 09/01/2023		300		358
3.40%, 05/15/2024			100	104	ONEOK Partners LP
4.13%, 12/15/2046			500	536	6.13%, 02/01/2041		30		34
4.30%, 06/15/2043			200	219	8.63%, 03/01/2019		530		569
5.20%, 08/12/2020			110	118	Plains All American Pipeline LP / PAA
7.20%, 03/15/2039			400	602	Finance Corp
Shire Acquisitions Investments Ireland DAC					4.50%, 12/15/2026		500		502
1.90%, 09/23/2019			300	297	4.70%, 06/15/2044		30		27
2.88%, 09/23/2023			300	294	6.65%, 01/15/2037		500		568
3.20%, 09/23/2026			300	288	8.75%, 05/01/2019		170		184
Teva Pharmaceutical Finance IV BV					Sabine Pass Liquefaction LLC
3.65%, 11/10/2021			750	715	5.63%, 02/01/2021		200		215
					5.88%, 06/30/2026		200		224

See accompanying notes.

13

Schedule of Investments
Bond Market Index Fund
November 30, 2017 (unaudited)
		Principal					Principal
BONDS (continued)		Amount (000's)     Value (000's)			BONDS (continued)		Amount (000's) Value (000's)
Pipelines (continued)					REITs (continued)
Spectra Energy Partners LP					ERP Operating LP
4.75%, 03/15/2024	$	30	$	33	2.38%, 07/01/2019	$	300	$	301
5.95%, 09/25/2043		400		478	Federal Realty Investment Trust
Sunoco Logistics Partners Operations LP					4.50%, 12/01/2044		300		318
4.65%, 02/15/2022		155		163	Government Properties Income Trust
TransCanada PipeLines Ltd					4.00%, 07/15/2022		300		302
3.75%, 10/16/2023		30		31	HCP Inc
6.10%, 06/01/2040		30		39	3.75%, 02/01/2019		400		405
7.25%, 08/15/2038		750		1,075	3.88%, 08/15/2024		200		205
Williams Partners LP					4.20%, 03/01/2024		200		209
3.60%, 03/15/2022		500		512	Healthcare Trust of America Holdings LP
3.90%, 01/15/2025		500		509	2.95%, 07/01/2022		400		400
4.00%, 09/15/2025		50		51	Highwoods Realty LP
5.10%, 09/15/2045		220		234	3.20%, 06/15/2021		30		30
5.25%, 03/15/2020		530		562	Hospitality Properties Trust
6.30%, 04/15/2040		30		36	4.50%, 06/15/2023		500		525
		$		18,261	4.65%, 03/15/2024		40		42
Private Equity - 0.02%					Host Hotels & Resorts LP
Brookfield Asset Management Inc					5.25%, 03/15/2022		500		540
4.00%, 01/15/2025		300		308	6.00%, 10/01/2021		30		33
					Kimco Realty Corp
Regional Authority - 0.21%					2.70%, 03/01/2024		300		291
Province of British Columbia Canada					3.20%, 05/01/2021		750		762
2.00%, 10/23/2022		500		491	Liberty Property LP
2.65%, 09/22/2021		400		405	3.38%, 06/15/2023		40		40
6.50%, 01/15/2026		45		56	3.75%, 04/01/2025		90		92
Province of Manitoba Canada					National Retail Properties Inc
1.75%, 05/30/2019		500		498	3.60%, 12/15/2026		300		296
3.05%, 05/14/2024		30		31	Omega Healthcare Investors Inc
Province of Ontario Canada					4.95%, 04/01/2024		30		31
2.50%, 09/10/2021		500		502	Realty Income Corp
3.20%, 05/16/2024		440		455	3.25%, 10/15/2022		500		509
4.00%, 10/07/2019		400		414	4.13%, 10/15/2026		20		21
Province of Quebec Canada					Simon Property Group LP
2.75%, 08/25/2021		540		547	2.20%, 02/01/2019		500		501
2.88%, 10/16/2024		500		508	2.75%, 02/01/2023		250		250
7.50%, 09/15/2029		36		51	4.75%, 03/15/2042		164		179
Province of Saskatchewan Canada					UDR Inc
8.50%, 07/15/2022		17		21	4.00%, 10/01/2025		200		208
		$		3,979	Ventas Realty LP
REITs - 0.81%					3.75%, 05/01/2024		500		513
Alexandria Real Estate Equities Inc					5.70%, 09/30/2043		225		271
3.90%, 06/15/2023		750		774	Weingarten Realty Investors
American Tower Corp					3.38%, 10/15/2022		120		121
3.38%, 10/15/2026		500		491	Welltower Inc
4.70%, 03/15/2022		50		54	4.50%, 01/15/2024		30		32
5.90%, 11/01/2021		500		555	5.25%, 01/15/2022		350		381
AvalonBay Communities Inc					Weyerhaeuser Co
3.50%, 11/15/2024		1,000		1,028	4.70%, 03/15/2021		30		32
3.63%, 10/01/2020		100		103	7.38%, 10/01/2019		500		545
4.15%, 07/01/2047		300		308	7.38%, 03/15/2032		30		41
Boston Properties LP							$		15,306
3.13%, 09/01/2023		20		20	Retail - 0.92%
5.63%, 11/15/2020		30		32	AutoZone Inc
5.88%, 10/15/2019		530		561	3.13%, 04/21/2026		500		484
Brixmor Operating Partnership LP					3.75%, 06/01/2027		300		302
3.65%, 06/15/2024		400		397	Bed Bath & Beyond Inc
CBL & Associates LP					3.75%, 08/01/2024		500		493
5.25%, 12/01/2023		200		191	Costco Wholesale Corp
5.95%, 12/15/2026		300		280	1.75%, 02/15/2020		250		248
Crown Castle International Corp					2.15%, 05/18/2021		200		199
3.70%, 06/15/2026		510		508	2.30%, 05/18/2022		200		199
5.25%, 01/15/2023		500		549	2.75%, 05/18/2024		300		300
CubeSmart LP					3.00%, 05/18/2027		300		299
4.38%, 12/15/2023		30		32	CVS Health Corp
DDR Corp					2.80%, 07/20/2020		340		342
4.63%, 07/15/2022		130		136	3.50%, 07/20/2022		500		509
Duke Realty LP					5.13%, 07/20/2045		740		814
3.75%, 12/01/2024		300		309	Home Depot Inc/The
3.88%, 10/15/2022		530		552	2.00%, 04/01/2021		500		495
					3.75%, 02/15/2024		500		526
					4.25%, 04/01/2046		650		703
					5.88%, 12/16/2036		550		728

See accompanying notes.

14

Schedule of Investments
Bond Market Index Fund
November 30, 2017 (unaudited)
		Principal					Principal
BONDS (continued)		Amount (000's) Value (000's)			BONDS (continued)		Amount (000's) Value (000's)
Retail (continued)					Software (continued)
Kohl's Corp					Microsoft Corp
4.00%, 11/01/2021	$	30	$	31	1.85%, 02/06/2020	$	500	$	498
4.25%, 07/17/2025		300		304	2.38%, 02/12/2022		750		750
Lowe's Cos Inc					2.40%, 02/06/2022		500		500
3.10%, 05/03/2027		160		159	2.40%, 08/08/2026		470		453
3.88%, 09/15/2023		30		32	3.13%, 11/03/2025		180		184
4.38%, 09/15/2045		500		540	3.45%, 08/08/2036		550		555
Macy's Retail Holdings Inc					3.63%, 12/15/2023		550		580
6.90%, 04/01/2029		510		533	3.70%, 08/08/2046		500		510
McDonald's Corp					3.95%, 08/08/2056		635		656
3.25%, 06/10/2024		175		180	4.10%, 02/06/2037		500		547
3.63%, 05/20/2021		750		779	4.20%, 06/01/2019		50		52
3.70%, 01/30/2026		115		120	4.20%, 11/03/2035		360		395
4.88%, 12/09/2045		740		835	4.45%, 11/03/2045		207		236
5.00%, 02/01/2019		100		103	4.50%, 02/06/2057		640		734
Nordstrom Inc					4.75%, 11/03/2055		70		83
5.00%, 01/15/2044		300		283	Oracle Corp
O'Reilly Automotive Inc					2.38%, 01/15/2019		600		604
3.55%, 03/15/2026		500		502	2.63%, 02/15/2023		280		280
QVC Inc					2.80%, 07/08/2021		500		509
3.13%, 04/01/2019		30		30	3.25%, 11/15/2027		340		344
Starbucks Corp					3.40%, 07/08/2024		550		568
2.10%, 02/04/2021		750		746	3.80%, 11/15/2037		190		194
Target Corp					3.90%, 05/15/2035		130		135
3.63%, 04/15/2046		300		283	4.00%, 07/15/2046		1,000		1,034
3.88%, 07/15/2020		500		522	4.38%, 05/15/2055		150		160
TJX Cos Inc/The					5.00%, 07/08/2019		750		785
2.75%, 06/15/2021		25		25	5.38%, 07/15/2040		550		677
Walgreens Boots Alliance Inc							$		13,323
2.70%, 11/18/2019		1,000		1,007	Sovereign - 1.58%
3.80%, 11/18/2024		500		511	Chile Government International Bond
4.80%, 11/18/2044		500		523	3.86%, 06/21/2047		500		510
Wal-Mart Stores Inc					3.88%, 08/05/2020		750		783
2.35%, 12/15/2022		220		219	Colombia Government International Bond
3.25%, 10/25/2020		550		567	7.38%, 09/18/2037		500		668
3.30%, 04/22/2024		550		573	11.75%, 02/25/2020		300		362
4.00%, 04/11/2043		750		815	10.38%, 01/28/2033		700		1,095
5.63%, 04/15/2041		450		602	Export Development Canada
		$		17,465	1.75%, 08/19/2019		50		50
Semiconductors - 0.37%					1.75%, 07/21/2020		750		745
Applied Materials Inc					Export-Import Bank of Korea
5.85%, 06/15/2041		500		647	1.88%, 10/21/2021		350		337
Broadcom Corp / Broadcom Cayman Finance					2.25%, 01/21/2020		500		496
Ltd					5.00%, 04/11/2022		500		541
3.00%, 01/15/2022(a)		1,200		1,186	Hungary Government International Bond
3.88%, 01/15/2027(a)		1,150		1,127	5.38%, 02/21/2023		500		558
Intel Corp					5.38%, 03/25/2024		500		567
2.45%, 07/29/2020		300		303	6.38%, 03/29/2021		500		558
3.15%, 05/11/2027		150		152	Israel Government AID Bond
3.30%, 10/01/2021		550		569	5.50%, 09/18/2023		65		76
4.10%, 05/11/2047		500		535	5.50%, 04/26/2024		65		77
4.90%, 07/29/2045		500		601	5.50%, 09/18/2033		33		44
NVIDIA Corp					Israel Government International Bond
2.20%, 09/16/2021		300		297	4.00%, 06/30/2022		650		691
3.20%, 09/16/2026		500		499	5.13%, 03/26/2019		500		521
QUALCOMM Inc					Japan Bank for International
2.25%, 05/20/2020		250		248	Cooperation/Japan
2.60%, 01/30/2023		310		300	1.75%, 05/28/2020		500		493
3.25%, 05/20/2027		270		260	2.13%, 02/10/2025		300		288
3.45%, 05/20/2025		180		179	2.25%, 11/04/2026		1,000		956
4.65%, 05/20/2035		70		73	2.38%, 04/20/2026		500		484
4.80%, 05/20/2045		110		113	3.00%, 05/29/2024		300		305
		$		7,089	Korea International Bond
Software - 0.70%					2.75%, 01/19/2027		250		246
Fidelity National Information Services Inc					Mexico Government International Bond
3.63%, 10/15/2020		200		206	3.60%, 01/30/2025		530		541
5.00%, 10/15/2025		51		56	3.63%, 03/15/2022		1,070		1,117
Fiserv Inc					4.13%, 01/21/2026		500		525
2.70%, 06/01/2020		1,000		1,007	4.60%, 01/23/2046		500		497
3.50%, 10/01/2022		30		31	4.60%, 02/10/2048		300		301
					4.75%, 03/08/2044		210		213
					5.75%, 10/12/2110		500		535
					6.75%, 09/27/2034		750		982

See accompanying notes.

15

Schedule of Investments
Bond Market Index Fund
November 30, 2017 (unaudited)
		Principal						Principal
BONDS (continued)		Amount (000's) Value (000's)			BONDS (continued)			Amount (000's) Value (000's)
Sovereign (continued)					Supranational Bank (continued)
Mexico Government International					European Investment Bank	(continued)
Bond (continued)					1.25%, 12/16/2019		$	500	$	493
8.30%, 08/15/2031	$	97	$	146	1.38%, 06/15/2020			330		325
Panama Government International Bond					1.63%, 03/16/2020			300		297
3.75%, 03/16/2025		250		262	1.88%, 02/10/2025			250		239
5.20%, 01/30/2020		500		532	2.00%, 03/15/2021			795		791
8.88%, 09/30/2027		570		831	2.25%, 03/15/2022			500		499
Peruvian Government International Bond					2.38%, 05/24/2027			150		147
5.63%, 11/18/2050		400		512	2.50%, 04/15/2021			150		152
7.13%, 03/30/2019		500		538	2.88%, 09/15/2020			1,100		1,124
8.75%, 11/21/2033		350		553	FMS Wertmanagement AoeR
Philippine Government International Bond					1.00%, 08/16/2019			550		541
3.70%, 03/01/2041		500		499	1.75%, 03/17/2020			200		199
3.70%, 02/02/2042		200		199	Inter-American Development Bank
4.00%, 01/15/2021		750		788	1.63%, 05/12/2020			300		298
6.38%, 10/23/2034		510		681	1.75%, 10/15/2019			1,000		997
7.75%, 01/14/2031		140		200	2.13%, 01/18/2022			500		499
10.63%, 03/16/2025		600		910	2.38%, 07/07/2027			1,500		1,472
Republic of Italy Government International					3.88%, 09/17/2019			600		621
Bond					4.38%, 01/24/2044			50		60
5.38%, 06/15/2033		40		46	International Bank for Reconstruction &
6.88%, 09/27/2023		550		655	Development
Republic of Poland Government International					1.13%, 11/27/2019			500		492
Bond					1.25%, 07/26/2019			2,000		1,980
5.00%, 03/23/2022		500		549	1.38%, 05/24/2021			345		336
5.13%, 04/21/2021		580		632	1.38%, 09/20/2021			320		311
Svensk Exportkredit AB					1.63%, 09/04/2020			1,500		1,484
1.25%, 04/12/2019		500		495	1.88%, 10/07/2022			180		177
1.75%, 08/28/2020		400		396	1.88%, 10/27/2026			1,000		947
Tennessee Valley Authority					2.25%, 06/24/2021			750		752
3.50%, 12/15/2042		100		106	2.50%, 07/29/2025			270		270
3.88%, 02/15/2021		400		423	7.63%, 01/19/2023			933		1,170
4.25%, 09/15/2065		150		174	International Finance Corp
4.63%, 09/15/2060		500		619	1.63%, 07/16/2020			200		198
5.25%, 09/15/2039		250		332	1.75%, 09/16/2019			550		549
5.38%, 04/01/2056		61		85	2.13%, 04/07/2026			1,000		968
5.88%, 04/01/2036		600		834	Nordic Investment Bank
6.75%, 11/01/2025		57		74	1.13%, 02/25/2019			750		744
Tunisia Government AID Bonds								$		29,096
1.42%, 08/05/2021		250		242	Telecommunications - 1.36%
Ukraine Government AID Bonds					America Movil SAB de CV
1.47%, 09/29/2021		250		242	5.00%, 03/30/2020			30		32
Uruguay Government International Bond					6.13%, 03/30/2040			750		938
4.13%, 11/20/2045		386		387	AT&T Inc
4.38%, 10/27/2027		210		227	2.30%, 03/11/2019			150		150
7.63%, 03/21/2036		400		568	2.85%, 02/14/2023			500		496
		$		29,899	3.00%, 02/15/2022			760		762
Supranational Bank - 1.54%					3.20%, 03/01/2022			230		233
African Development Bank					3.40%, 08/14/2024			500		498
1.38%, 02/12/2020		250		247	3.80%, 03/15/2022			530		548
2.38%, 09/23/2021		15		15	3.90%, 03/11/2024			500		513
Asian Development Bank					3.90%, 08/14/2027			500		497
1.38%, 01/15/2019		500		497	3.95%, 01/15/2025			500		509
1.75%, 01/10/2020		500		498	4.13%, 02/17/2026			500		509
1.75%, 06/08/2021		500		493	4.35%, 06/15/2045			1,000		904
1.75%, 09/13/2022		500		488	4.50%, 05/15/2035			500		488
2.13%, 11/24/2021		800		798	4.50%, 03/09/2048			20		18
2.13%, 03/19/2025		300		293	4.55%, 03/09/2049			559		516
2.38%, 08/10/2027		500		491	5.15%, 02/14/2050			500		498
5.82%, 06/16/2028		39		49	5.25%, 03/01/2037			370		386
Corp Andina de Fomento					5.30%, 08/14/2058			750		739
4.38%, 06/15/2022		559		598	5.35%, 09/01/2040			54		56
Council Of Europe Development Bank					5.88%, 10/01/2019			520		554
1.75%, 11/14/2019		300		299	6.15%, 09/15/2034			400		461
European Bank for Reconstruction &					6.30%, 01/15/2038			500		585
Development					British Telecommunications PLC
1.13%, 08/24/2020		1,000		976	9.12%, 12/15/2030			530		786
1.88%, 02/23/2022		500		493	Cisco Systems Inc
European Investment Bank					1.85%, 09/20/2021			750		737
1.13%, 08/15/2019		1,840		1,816	2.20%, 02/28/2021			500		499
1.25%, 05/15/2019		1,930		1,913	2.45%, 06/15/2020			460		464
					2.50%, 09/20/2026			750		723

See accompanying notes.

16

Schedule of Investments
Bond Market Index Fund
November 30, 2017 (unaudited)
		Principal					Principal
BONDS (continued)		Amount (000's)               Value (000's)			BONDS (continued)		Amount (000's)	Value (000's)
Telecommunications (continued)					Transportation (continued)
Cisco Systems Inc (continued)					Ryder System Inc
2.95%, 02/28/2026	$	300	$	299	2.55%, 06/01/2019	$	500		$	502
5.90%, 02/15/2039		430		575	Union Pacific Corp
Deutsche Telekom International Finance BV					2.25%, 06/19/2020		750			753
8.75%, 06/15/2030		530		776	2.75%, 03/01/2026		500			492
Juniper Networks Inc					3.80%, 10/01/2051		280			279
4.35%, 06/15/2025		200		207	4.16%, 07/15/2022		500			538
Motorola Solutions Inc					United Parcel Service Inc
3.50%, 09/01/2021		275		281	3.13%, 01/15/2021		530			544
Orange SA					3.63%, 10/01/2042		500			496
4.13%, 09/14/2021		30		32	3.75%, 11/15/2047		110			111
5.38%, 01/13/2042		30		36	4.88%, 11/15/2040		30			35
9.00%, 03/01/2031		500		747				$		11,393
Rogers Communications Inc					Water - 0.01%
5.00%, 03/15/2044		200		226	American Water Capital Corp
7.50%, 08/15/2038		250		349	3.75%, 09/01/2047		140			141
Telefonica Emisiones SAU					6.59%, 10/15/2037		13			18
5.13%, 04/27/2020		100		106				$		159
7.05%, 06/20/2036		530		699	TOTAL BONDS			$		640,140
Telefonica Europe BV							Principal
8.25%, 09/15/2030		350		491	MUNICIPAL BONDS - 0.76%		Amount (000's)	Value (000's)
Verizon Communications Inc					California - 0.27%
2.63%, 08/15/2026		500		468	Bay Area Toll Authority
2.95%, 03/15/2022		358		360	6.26%, 04/01/2049	$	325	$		471
3.13%, 03/16/2022		255		258	6.91%, 10/01/2050		250			387
3.38%, 02/15/2025(a)		524		523	East Bay Municipal Utility District Water
3.50%, 11/01/2024		1,000		1,013	System Revenue
4.15%, 03/15/2024		100		105	5.87%, 06/01/2040		20			27
4.27%, 01/15/2036		1,000		984	Los Angeles Department of Water & Power
4.50%, 08/10/2033		290		300	Power System Revenue
4.67%, 03/15/2055		780		739	6.57%, 07/01/2045		250			376
4.86%, 08/21/2046		1,250		1,277	Los Angeles Unified School District/CA
5.01%, 08/21/2054		607		612	5.76%, 07/01/2029		530			649
Vodafone Group PLC					Regents of the University of California
6.15%, 02/27/2037		240		294	Medical Center Pooled Revenue
		$		25,856	6.55%, 05/15/2048		20			28
Toys, Games & Hobbies - 0.03%					State of California
Mattel Inc					7.30%, 10/01/2039		750			1,111
2.35%, 05/06/2019		30		30	7.70%, 11/01/2030		500			576
2.35%, 08/15/2021		600		568	State of California (credit support from
		$		598	CALIFORNIA ST)
Transportation - 0.60%					7.55%, 04/01/2039(d)		500			774
Burlington Northern Santa Fe LLC					University of California
3.65%, 09/01/2025		500		524	5.77%, 05/15/2043		530			687
4.15%, 04/01/2045		200		214				$		5,086
4.40%, 03/15/2042		30		33	Colorado - 0.02%
4.55%, 09/01/2044		400		448	Regional Transportation District
5.40%, 06/01/2041		400		493	5.84%, 11/01/2050		250			335
Canadian National Railway Co
2.85%, 12/15/2021		500		506	Connecticut - 0.05%
5.55%, 03/01/2019		39		41	State of Connecticut
Canadian Pacific Railway Co					5.85%, 03/15/2032		830			1,002
2.90%, 02/01/2025		500		495
4.45%, 03/15/2023		30		32	Florida - 0.03%
CSX Corp					State Board of Administration Finance Corp
2.60%, 11/01/2026		350		333	3.00%, 07/01/2020		500			507
3.40%, 08/01/2024		600		616
4.75%, 05/30/2042		430		475	Georgia - 0.04%
FedEx Corp					Municipal Electric Authority of Georgia
3.20%, 02/01/2025		500		505	6.64%, 04/01/2057		540			682
3.25%, 04/01/2026		713		719
3.88%, 08/01/2042		30		29	Illinois - 0.02%
4.00%, 01/15/2024		500		532	Chicago Transit Authority
4.55%, 04/01/2046		500		533	6.20%, 12/01/2040		30			38
Norfolk Southern Corp					City of Chicago IL
3.00%, 04/01/2022		500		508	6.31%, 01/01/2044		30			32
3.25%, 12/01/2021		40		41	State of Illinois
3.85%, 01/15/2024		200		211	4.95%, 06/01/2023		85			89
3.94%, 11/01/2047(a)		192		195	5.10%, 06/01/2033		400			397
4.80%, 08/15/2043		113		126				$		556
4.84%, 10/01/2041		30		34

See accompanying notes.

17

Schedule of Investments
Bond Market Index Fund
November 30, 2017 (unaudited)
		Principal			U.S. GOVERNMENT & GOVERNMENT	Principal
MUNICIPAL BONDS (continued)		Amount (000's)	Value (000's)		AGENCY OBLIGATIONS (continued)	Amount (000's)		Value (000's)
New Jersey - 0.08%					Federal Home Loan Mortgage Corporation (FHLMC) (continued)
New Jersey Economic Development					2.50%, 01/01/2046	$	167	$	160
Authority (credit support from AGM)					2.50%, 11/01/2046		143		137
0.00%, 02/15/2023(b),(d)	$	50	$	41	3.00%, 04/01/2021		88		90
New Jersey Economic Development					3.00%, 09/01/2021		4		4
Authority (credit support from NATL)					3.00%, 10/01/2021		230		234
7.43%, 02/15/2029(d)		450		558	3.00%, 12/01/2021		136		138
New Jersey Transportation Trust Fund					3.00%, 12/01/2026(e)		1,700		1,731
Authority					3.00%, 02/01/2027		148		151
6.56%, 12/15/2040		146		191	3.00%, 02/01/2027		376		384
New Jersey Turnpike Authority (credit					3.00%, 05/01/2027		47		48
support from NEW JERSEY ST TPK AUTH					3.00%, 06/01/2027		137		140
TPK REV)					3.00%, 07/01/2028		58		59
7.41%, 01/01/2040(d)		500		764	3.00%, 11/01/2028		492		502
			$	1,554	3.00%, 04/01/2029		456		465
New York - 0.11%					3.00%, 07/01/2029		89		90
City of New York NY					3.00%, 09/01/2029		429		437
6.27%, 12/01/2037		500		672	3.00%, 10/01/2029		618		630
New York City Water & Sewer System					3.00%, 10/01/2029		320		326
5.72%, 06/15/2042		280		380	3.00%, 11/01/2029		165		168
5.95%, 06/15/2042		250		346	3.00%, 11/01/2029		278		284
Port Authority of New York & New Jersey					3.00%, 12/01/2029		87		88
4.46%, 10/01/2062		500		566	3.00%, 01/01/2030		243		248
			$	1,964	3.00%, 03/01/2030		41		42
Ohio - 0.06%					3.00%, 04/01/2030		162		165
American Municipal Power Inc					3.00%, 11/01/2030		373		380
7.83%, 02/15/2041		500		764	3.00%, 11/01/2030		218		223
Ohio State University/The					3.00%, 01/01/2031		772		787
3.80%, 12/01/2046		350		359	3.00%, 02/01/2031		56		57
4.91%, 06/01/2040		50		60	3.00%, 03/01/2031		152		155
			$	1,183	3.00%, 03/01/2031		82		84
Texas - 0.06%					3.00%, 04/01/2031		621		633
City of Houston TX					3.00%, 05/01/2032		603		607
6.29%, 03/01/2032		490		571	3.00%, 04/01/2033		80		82
Dallas Area Rapid Transit					3.00%, 09/01/2034		410		418
5.02%, 12/01/2048		30		36	3.00%, 10/01/2034		283		288
State of Texas					3.00%, 12/01/2034		93		94
5.52%, 04/01/2039		500		656	3.00%, 04/01/2035		241		244
			$	1,263	3.00%, 05/01/2035		72		73
Wisconsin - 0.02%					3.00%, 06/01/2035		332		337
State of Wisconsin (credit support from					3.00%, 04/01/2036		236		240
AGM)					3.00%, 04/01/2036		162		165
5.70%, 05/01/2026(d)		350		406	3.00%, 09/01/2036		133		135
					3.00%, 09/01/2036		273		277
TOTAL MUNICIPAL BONDS			$	14,538	3.00%, 11/01/2036		93		94
U.S. GOVERNMENT & GOVERNMENT		Principal			3.00%, 02/01/2037		282		285
AGENCY OBLIGATIONS - 65.02%		Amount (000's)	Value (000's)		3.00%, 09/01/2042		1,884		1,890
Federal Home Loan Mortgage Corporation (FHLMC) - 7.71%					3.00%, 10/01/2042		449		451
2.00%, 03/01/2028	$	64	$	63	3.00%, 11/01/2042		796		799
2.00%, 08/01/2028		367		359	3.00%, 01/01/2043		137		137
2.00%, 01/01/2030		86		84	3.00%, 01/01/2043		135		136
2.00%, 09/01/2031		309		301	3.00%, 02/01/2043		758		760
2.00%, 12/01/2031		273		266	3.00%, 04/01/2043		1,236		1,241
2.00%, 12/01/2032(e)		100		97	3.00%, 07/01/2043		161		161
2.50%, 03/01/2027		128		129	3.00%, 08/01/2043		1,241		1,243
2.50%, 08/01/2027		93		94	3.00%, 08/01/2043		1,009		1,012
2.50%, 08/01/2028		236		237	3.00%, 09/01/2043		212		212
2.50%, 09/01/2029		559		560	3.00%, 10/01/2043		159		160
2.50%, 12/01/2029		705		704	3.00%, 12/01/2044		578		578
2.50%, 01/01/2030		729		728	3.00%, 01/01/2045		30		30
2.50%, 09/01/2030		1,621		1,618	3.00%, 01/01/2045		177		177
2.50%, 01/01/2031		608		607	3.00%, 03/01/2045		356		355
2.50%, 01/01/2031		591		590	3.00%, 04/01/2045		1,064		1,062
2.50%, 02/01/2031		604		603	3.00%, 04/01/2045		220		220
2.50%, 04/01/2031		200		199	3.00%, 06/01/2045		699		698
2.50%, 12/01/2031		916		915	3.00%, 08/01/2045		1,108		1,107
2.50%, 01/01/2032		183		183	3.00%, 08/01/2045		46		46
2.50%, 01/01/2032		932		930	3.00%, 12/01/2045		1,295		1,294
2.50%, 03/01/2032		280		280	3.00%, 01/01/2046		125		125
2.50%, 12/01/2032(e)		2,950		2,944	3.00%, 03/01/2046		789		788
2.50%, 11/01/2036		187		183	3.00%, 04/01/2046		1,455		1,454
2.50%, 01/01/2043		165		158	3.00%, 04/01/2046		888		888
2.50%, 07/01/2043		78		75	3.00%, 06/01/2046		1,162		1,161
					3.00%, 07/01/2046		449		448

See accompanying notes.

18

Schedule of Investments
Bond Market Index Fund
November 30, 2017 (unaudited)
U.S. GOVERNMENT & GOVERNMENT		Principal				U.S. GOVERNMENT & GOVERNMENT		Principal
AGENCY OBLIGATIONS (continued)		Amount (000's)		Value(000	's)	AGENCY OBLIGATIONS (continued)		Amount (000's)		Value(000	's)
Federal Home Loan Mortgage Corporation (FHLMC) (continued)						Federal Home Loan Mortgage Corporation (FHLMC) (continued)
3.00%, 09/01/2046	$	1,194	$	1,193		3.50%, 04/01/2046	$	1,519	$	1,559
3.00%, 10/01/2046		299		299		3.50%, 04/01/2046		726		746
3.00%, 10/01/2046		125		125		3.50%, 05/01/2046		946		970
3.00%, 11/01/2046		533		533		3.50%, 06/01/2046		846		868
3.00%, 11/01/2046		2,192		2,190		3.50%, 08/01/2046		483		495
3.00%, 11/01/2046		1,310		1,309		3.50%, 09/01/2046		193		198
3.00%, 11/01/2046		27		27		3.50%, 09/01/2046		492		505
3.00%, 11/01/2046		473		472		3.50%, 04/01/2047		954		978
3.00%, 12/01/2046		1,236		1,235		3.50%, 12/01/2047(e)		14,075		14,428
3.00%, 12/01/2046		1,223		1,221		4.00%, 06/01/2018		21		22
3.00%, 01/01/2047		770		769		4.00%, 07/01/2020		136		140
3.00%, 01/01/2047		681		680		4.00%, 07/01/2024		16		16
3.00%, 02/01/2047		476		475		4.00%, 12/01/2024		243		253
3.00%, 03/01/2047		368		368		4.00%, 08/01/2025		22		23
3.00%, 12/01/2047(e)		3,350		3,341		4.00%, 10/01/2025		17		17
3.50%, 01/01/2021		43		45		4.00%, 03/01/2026		5		5
3.50%, 01/01/2021		107		111		4.00%, 12/01/2030		37		39
3.50%, 03/01/2021		272		281		4.00%, 11/01/2033		252		266
3.50%, 03/01/2021		28		29		4.00%, 07/01/2034		169		179
3.50%, 07/01/2024		31		32		4.00%, 07/01/2039		70		74
3.50%, 10/01/2025		32		33		4.00%, 12/01/2040		345		362
3.50%, 11/01/2025		5		5		4.00%, 12/01/2040		80		84
3.50%, 11/01/2025		11		11		4.00%, 12/01/2040		67		70
3.50%, 12/01/2025		79		82		4.00%, 10/01/2041		89		93
3.50%, 02/01/2026		35		37		4.00%, 12/01/2041(e)		6,675		6,973
3.50%, 02/01/2026		145		150		4.00%, 12/01/2041		56		59
3.50%, 04/01/2026		133		137		4.00%, 01/01/2042		15		15
3.50%, 06/01/2026		17		18		4.00%, 01/01/2042(e)		700		730
3.50%, 08/01/2026		16		17		4.00%, 01/01/2044		22		24
3.50%, 12/01/2026(e)		150		155		4.00%, 02/01/2044		326		344
3.50%, 12/01/2028		78		81		4.00%, 02/01/2044		17		18
3.50%, 02/01/2029		69		71		4.00%, 03/01/2044		104		109
3.50%, 06/01/2029		426		441		4.00%, 04/01/2044		462		483
3.50%, 09/01/2029		18		19		4.00%, 05/01/2044		191		199
3.50%, 02/01/2030		342		355		4.00%, 06/01/2044		331		346
3.50%, 09/01/2030		67		69		4.00%, 07/01/2044		738		771
3.50%, 12/01/2031		381		395		4.00%, 07/01/2044		59		61
3.50%, 04/01/2032		75		78		4.00%, 07/01/2044		240		251
3.50%, 05/01/2034		148		154		4.00%, 07/01/2044		581		607
3.50%, 05/01/2034		412		428		4.00%, 08/01/2044		13		13
3.50%, 11/01/2034		174		180		4.00%, 09/01/2044		206		215
3.50%, 01/01/2035		348		361		4.00%, 11/01/2044		31		32
3.50%, 06/01/2035		289		299		4.00%, 11/01/2044		562		587
3.50%, 06/01/2037		312		323		4.00%, 12/01/2044		2,469		2,580
3.50%, 11/01/2041		46		47		4.00%, 12/01/2044		449		470
3.50%, 01/01/2042(e)		1,650		1,689		4.00%, 01/01/2045		619		647
3.50%, 01/01/2042		42		43		4.00%, 02/01/2045		25		26
3.50%, 04/01/2042		53		55		4.00%, 04/01/2045		98		103
3.50%, 06/01/2042		241		248		4.00%, 05/01/2045		334		349
3.50%, 06/01/2042		14		15		4.00%, 07/01/2045		468		489
3.50%, 06/01/2042		48		49		4.00%, 07/01/2045		249		260
3.50%, 07/01/2042		2,443		2,517		4.00%, 08/01/2045		875		914
3.50%, 08/01/2042		41		42		4.00%, 09/01/2045		2,203		2,302
3.50%, 10/01/2042		1,241		1,278		4.00%, 10/01/2045		1,259		1,315
3.50%, 08/01/2043		455		469		4.00%, 10/01/2045		156		163
3.50%, 01/01/2044		594		612		4.00%, 11/01/2045		122		128
3.50%, 08/01/2044		27		28		4.00%, 11/01/2045		743		776
3.50%, 01/01/2045		811		832		4.00%, 12/01/2045		158		165
3.50%, 02/01/2045		244		250		4.00%, 02/01/2046		248		259
3.50%, 02/01/2045		330		339		4.00%, 05/01/2046		291		305
3.50%, 03/01/2045		1,136		1,165		4.00%, 06/01/2046		71		75
3.50%, 03/01/2045		559		573		4.50%, 09/01/2018		18		18
3.50%, 06/01/2045		605		621		4.50%, 01/01/2019		64		65
3.50%, 07/01/2045		595		610		4.50%, 05/01/2019		62		62
3.50%, 08/01/2045		394		404		4.50%, 12/01/2019		61		62
3.50%, 09/01/2045		572		586		4.50%, 01/01/2024		11		11
3.50%, 10/01/2045		72		74		4.50%, 08/01/2025		29		30
3.50%, 12/01/2045		1,526		1,565		4.50%, 10/01/2030		166		178
3.50%, 01/01/2046		1,374		1,409		4.50%, 05/01/2031		19		20
3.50%, 03/01/2046		2,979		3,056		4.50%, 02/01/2039		21		22
3.50%, 03/01/2046		937		961		4.50%, 04/01/2039		25		27
3.50%, 03/01/2046		351		360		4.50%, 09/01/2039		32		34
						4.50%, 10/01/2039		482		514

See accompanying notes.

19

Schedule of Investments
Bond Market Index Fund
November 30, 2017 (unaudited)
U.S. GOVERNMENT & GOVERNMENT	Principal				U.S. GOVERNMENT & GOVERNMENT		Principal
AGENCY OBLIGATIONS (continued)	Amount (000's)		Value (000's)		AGENCY OBLIGATIONS (continued)	Amount (000's)		Value (000's)
Federal Home Loan Mortgage Corporation (FHLMC) (continued)					Federal Home Loan Mortgage Corporation (FHLMC) (continued)
4.50%, 10/01/2039	$	30	$	32	5.00%, 02/01/2041	$	114	$	124
4.50%, 11/01/2039		36		38	5.00%, 03/01/2041		481		521
4.50%, 02/01/2040		38		41	5.00%, 04/01/2041		63		68
4.50%, 02/01/2040		10		10	5.00%, 09/01/2041		24		26
4.50%, 02/01/2040		27		28	5.00%, 12/01/2041		217		236
4.50%, 05/01/2040		18		19	5.00%, 02/01/2042		858		930
4.50%, 05/01/2040		7		7	5.00%, 10/01/2043		74		80
4.50%, 07/01/2040		26		28	5.00%, 04/01/2044		233		254
4.50%, 08/01/2040		34		36	5.50%, 06/01/2034		121		135
4.50%, 08/01/2040		22		23	5.50%, 07/01/2036		34		38
4.50%, 08/01/2040		22		24	5.50%, 01/01/2037		73		80
4.50%, 09/01/2040		28		30	5.50%, 09/01/2037		15		17
4.50%, 01/01/2041		11		12	5.50%, 11/01/2037		17		19
4.50%, 02/01/2041		367		392	5.50%, 04/01/2038		10		11
4.50%, 03/01/2041		476		508	5.50%, 07/01/2038		9		10
4.50%, 05/01/2041		25		27	5.50%, 07/01/2038		203		225
4.50%, 06/01/2041		693		740	5.50%, 07/01/2038		169		188
4.50%, 06/01/2041		15		16	5.50%, 07/01/2038		171		188
4.50%, 08/01/2041		44		47	5.50%, 09/01/2038		17		18
4.50%, 08/01/2041		8		8	5.50%, 12/01/2038		1		1
4.50%, 12/01/2041(e)		425		452	5.50%, 12/01/2038		311		343
4.50%, 03/01/2042		22		23	5.50%, 10/01/2039		417		462
4.50%, 09/01/2043		200		213	5.50%, 11/01/2039		71		78
4.50%, 10/01/2043		12		12	5.50%, 01/01/2040		15		17
4.50%, 11/01/2043		224		238	5.50%, 03/01/2040		10		11
4.50%, 11/01/2043		434		463	5.50%, 06/01/2040		24		26
4.50%, 12/01/2043		420		448	5.50%, 06/01/2041		231		256
4.50%, 02/01/2044		191		203	6.00%, 04/01/2023		2		2
4.50%, 03/01/2044		696		740	6.00%, 12/01/2037		18		20
4.50%, 04/01/2044		311		331	6.00%, 04/01/2038		518		582
4.50%, 06/01/2044		43		46	6.00%, 05/01/2038		49		56
4.50%, 08/01/2044		93		99	6.00%, 07/01/2038		30		34
4.50%, 09/01/2044		34		36	6.00%, 10/01/2038		2		2
4.50%, 09/01/2044		87		93	6.00%, 11/01/2038		183		207
4.50%, 09/01/2044		458		487	6.00%, 01/01/2039		68		76
4.50%, 10/01/2044		218		232	6.50%, 09/01/2039		35		39
4.50%, 11/01/2044		519		552				$	146,093
4.50%, 01/01/2045		77		82	Federal National Mortgage Association (FNMA) - 12.18%
4.50%, 09/01/2045		752		800	2.00%, 11/01/2028		64		63
4.50%, 05/01/2046		175		186	2.00%, 09/01/2029		561		552
4.50%, 02/01/2047		169		180	2.00%, 01/01/2030		82		80
4.50%, 03/01/2047		306		326	2.00%, 01/01/2030		35		35
5.00%, 04/01/2021		14		14	2.00%, 05/01/2030		232		226
5.00%, 09/01/2025		58		62	2.00%, 12/01/2031		366		356
5.00%, 01/01/2026		12		13	2.00%, 12/01/2031		104		102
5.00%, 03/01/2026		7		7	2.00%, 02/01/2032		536		523
5.00%, 07/01/2026		2		2	2.00%, 07/01/2032		49		48
5.00%, 02/01/2027		29		31	2.50%, 01/01/2028		219		220
5.00%, 02/01/2028		403		435	2.50%, 07/01/2028		210		211
5.00%, 03/01/2028		72		78	2.50%, 07/01/2028		556		559
5.00%, 03/01/2030		5		5	2.50%, 08/01/2028		21		21
5.00%, 08/01/2030		41		44	2.50%, 11/01/2028		711		714
5.00%, 09/01/2033		189		205	2.50%, 09/01/2029		440		441
5.00%, 09/01/2033		10		11	2.50%, 11/01/2029		55		56
5.00%, 08/01/2035		11		12	2.50%, 12/01/2029		660		661
5.00%, 10/01/2035		1		1	2.50%, 02/01/2030		131		132
5.00%, 11/01/2035		132		144	2.50%, 03/01/2030		473		474
5.00%, 08/01/2036		20		22	2.50%, 03/01/2030		39		39
5.00%, 10/01/2036		138		149	2.50%, 05/01/2030		498		499
5.00%, 11/01/2036		15		16	2.50%, 07/01/2030		162		162
5.00%, 12/01/2036		370		402	2.50%, 08/01/2030		515		516
5.00%, 06/01/2037		11		12	2.50%, 08/01/2030		625		626
5.00%, 12/01/2038		76		83	2.50%, 12/01/2030		668		667
5.00%, 01/01/2039		19		20	2.50%, 01/01/2031		38		38
5.00%, 01/01/2039		18		19	2.50%, 03/01/2031		633		632
5.00%, 08/01/2039		764		833	2.50%, 03/01/2031		788		787
5.00%, 09/01/2039		17		19	2.50%, 03/01/2031		138		138
5.00%, 11/01/2039		486		529	2.50%, 05/01/2031		301		300
5.00%, 01/01/2040		38		42	2.50%, 05/01/2031		178		178
5.00%, 07/01/2040		92		100	2.50%, 07/01/2031		667		666
5.00%, 08/01/2040		35		38	2.50%, 11/01/2031		451		450
5.00%, 09/01/2040		10		11	2.50%, 11/01/2031		930		929
					2.50%, 12/01/2031		183		182

See accompanying notes.

20

Schedule of Investments
Bond Market Index Fund
November 30, 2017 (unaudited)
U.S. GOVERNMENT & GOVERNMENT		Principal				U.S. GOVERNMENT & GOVERNMENT		Principal
AGENCY OBLIGATIONS (continued)	Amount (000's)			Value(000	's)	AGENCY OBLIGATIONS (continued)	Amount (000's)		Value (000's)
Federal National Mortgage Association (FNMA) (continued)						Federal National Mortgage Association (FNMA) (continued)
2.50%, 12/01/2031	$	441	$	440		3.00%, 04/01/2042	$	208	$	208
2.50%, 12/01/2031		156		156		3.00%, 11/01/2042		782		785
2.50%, 01/01/2032		455		455		3.00%, 11/01/2042		932		936
2.50%, 01/01/2032		275		274		3.00%, 12/01/2042		1,944		1,950
2.50%, 03/01/2032		282		282		3.00%, 04/01/2043		798		801
2.50%, 12/01/2032(e)		3,200		3,193		3.00%, 04/01/2043		22		22
2.50%, 07/01/2033		25		24		3.00%, 04/01/2043		796		798
2.50%, 10/01/2036		273		268		3.00%, 04/01/2043		213		214
2.50%, 10/01/2036		92		90		3.00%, 04/01/2043		981		984
2.50%, 12/01/2036		235		230		3.00%, 05/01/2043		1,204		1,207
2.50%, 12/01/2042		72		69		3.00%, 05/01/2043		1,489		1,493
2.50%, 01/01/2043		160		155		3.00%, 05/01/2043		60		60
2.50%, 02/01/2043		55		53		3.00%, 05/01/2043		202		203
2.50%, 05/01/2043		231		223		3.00%, 05/01/2043		1,316		1,320
2.50%, 07/01/2043		187		180		3.00%, 05/01/2043		822		825
2.50%, 10/01/2043		172		166		3.00%, 06/01/2043		689		691
2.50%, 05/01/2046		85		81		3.00%, 06/01/2043		231		231
2.50%, 12/01/2046		289		278		3.00%, 06/01/2043		966		968
2.50%, 01/01/2047		74		71		3.00%, 07/01/2043		844		846
3.00%, 12/01/2020		5		5		3.00%, 07/01/2043		103		103
3.00%, 09/01/2022		129		131		3.00%, 07/01/2043		1,179		1,182
3.00%, 11/01/2025		96		98		3.00%, 07/01/2043		196		197
3.00%, 01/01/2026		108		111		3.00%, 07/01/2043		989		992
3.00%, 11/01/2026		77		79		3.00%, 08/01/2043		71		71
3.00%, 12/01/2026(e)		2,850		2,903		3.00%, 08/01/2043		134		135
3.00%, 02/01/2027		59		61		3.00%, 10/01/2043		939		942
3.00%, 03/01/2027		124		127		3.00%, 10/01/2043		512		514
3.00%, 04/01/2027		208		213		3.00%, 11/01/2043		220		221
3.00%, 07/01/2027		66		68		3.00%, 11/01/2044		689		689
3.00%, 10/01/2027		171		175		3.00%, 01/01/2045		444		443
3.00%, 01/01/2029		162		166		3.00%, 01/01/2045		57		57
3.00%, 02/01/2029		135		138		3.00%, 01/01/2045		3,035		3,038
3.00%, 03/01/2029		13		13		3.00%, 01/01/2045		251		251
3.00%, 04/01/2029		556		567		3.00%, 01/01/2045		1,275		1,279
3.00%, 11/01/2029		73		75		3.00%, 04/01/2045		29		29
3.00%, 11/01/2029		116		118		3.00%, 04/01/2045		116		116
3.00%, 12/01/2029		351		359		3.00%, 08/01/2045		714		714
3.00%, 12/01/2029		149		152		3.00%, 12/01/2045		420		419
3.00%, 01/01/2030		844		862		3.00%, 12/01/2045		524		523
3.00%, 01/01/2030		155		158		3.00%, 01/01/2046		330		329
3.00%, 01/01/2030		733		749		3.00%, 01/01/2046(e)		300		299
3.00%, 06/01/2030		526		537		3.00%, 01/01/2046		777		776
3.00%, 07/01/2030		881		900		3.00%, 02/01/2046		41		41
3.00%, 09/01/2030		165		168		3.00%, 02/01/2046		23		23
3.00%, 10/01/2030		65		66		3.00%, 03/01/2046		344		344
3.00%, 10/01/2030		787		804		3.00%, 04/01/2046		1,827		1,824
3.00%, 11/01/2030		707		721		3.00%, 04/01/2046		115		115
3.00%, 11/01/2030		21		21		3.00%, 04/01/2046		958		956
3.00%, 12/01/2030		134		136		3.00%, 04/01/2046		20		20
3.00%, 12/01/2030		135		138		3.00%, 05/01/2046		381		380
3.00%, 12/01/2030		519		529		3.00%, 05/01/2046		351		350
3.00%, 02/01/2031		584		596		3.00%, 05/01/2046		780		779
3.00%, 03/01/2031		398		406		3.00%, 05/01/2046		272		272
3.00%, 04/01/2031		166		170		3.00%, 08/01/2046		302		301
3.00%, 09/01/2031		837		853		3.00%, 09/01/2046		1,199		1,197
3.00%, 01/01/2033		78		79		3.00%, 09/01/2046		1,195		1,193
3.00%, 04/01/2033		77		78		3.00%, 10/01/2046		1,222		1,220
3.00%, 09/01/2034		585		597		3.00%, 11/01/2046		1,134		1,132
3.00%, 11/01/2034		440		449		3.00%, 11/01/2046		1,334		1,332
3.00%, 12/01/2034		211		214		3.00%, 11/01/2046		1,092		1,091
3.00%, 02/01/2035		311		317		3.00%, 11/01/2046		679		678
3.00%, 02/01/2035		170		173		3.00%, 11/01/2046		2,135		2,131
3.00%, 05/01/2035		913		928		3.00%, 12/01/2046		1,131		1,129
3.00%, 06/01/2035		515		524		3.00%, 12/01/2046		491		490
3.00%, 11/01/2035		222		225		3.00%, 12/01/2046		1,141		1,139
3.00%, 02/01/2036		234		237		3.00%, 12/01/2046		111		111
3.00%, 07/01/2036		375		380		3.00%, 12/01/2046		439		438
3.00%, 12/01/2036		441		447		3.00%, 12/01/2046		484		483
3.00%, 12/01/2036		395		400		3.00%, 01/01/2047		1,238		1,235
3.00%, 12/01/2036		254		257		3.00%, 02/01/2047		694		693
3.00%, 02/01/2037		402		407		3.00%, 02/01/2047		460		459
3.00%, 02/01/2037		95		96		3.00%, 04/01/2047		488		487
						3.50%, 09/01/2018		1		1

See accompanying notes.

21

Schedule of Investments
Bond Market Index Fund
November 30, 2017 (unaudited)
U.S. GOVERNMENT & GOVERNMENT		Principal				U.S. GOVERNMENT & GOVERNMENT		Principal
AGENCY OBLIGATIONS (continued)	Amount (000's)			Value (000	's)	AGENCY OBLIGATIONS (continued)	Amount (000's)		Value (000's)
Federal National Mortgage Association (FNMA) (continued)						Federal National Mortgage Association (FNMA) (continued)
3.50%, 01/01/2020	$	45	$	47		3.50%, 02/01/2045	$	922	$	946
3.50%, 05/01/2020		62		64		3.50%, 04/01/2045		563		577
3.50%, 05/01/2025		80		83		3.50%, 04/01/2045		672		693
3.50%, 10/01/2025		220		227		3.50%, 05/01/2045		53		55
3.50%, 11/01/2025		41		42		3.50%, 06/01/2045		22		22
3.50%, 12/01/2025		198		205		3.50%, 07/01/2045		860		882
3.50%, 01/01/2026		118		122		3.50%, 08/01/2045		558		572
3.50%, 01/01/2026		585		605		3.50%, 08/01/2045		536		550
3.50%, 01/01/2026		27		28		3.50%, 09/01/2045		438		450
3.50%, 05/01/2026		192		198		3.50%, 10/01/2045		280		287
3.50%, 08/01/2026		34		36		3.50%, 10/01/2045		308		316
3.50%, 09/01/2026		325		336		3.50%, 10/01/2045		187		192
3.50%, 10/01/2026		491		507		3.50%, 10/01/2045		33		34
3.50%, 10/01/2026		420		434		3.50%, 11/01/2045		702		720
3.50%, 12/01/2026(e)		400		413		3.50%, 11/01/2045		666		684
3.50%, 12/01/2026		329		340		3.50%, 11/01/2045		325		333
3.50%, 06/01/2027		351		363		3.50%, 11/01/2045		652		669
3.50%, 03/01/2029		156		162		3.50%, 12/01/2045		276		284
3.50%, 09/01/2029		303		314		3.50%, 12/01/2045		52		53
3.50%, 10/01/2029		538		556		3.50%, 12/01/2045		956		981
3.50%, 11/01/2029		11		11		3.50%, 12/01/2045		429		440
3.50%, 04/01/2030		31		32		3.50%, 12/01/2045		814		835
3.50%, 11/01/2030		165		171		3.50%, 12/01/2045		769		789
3.50%, 04/01/2032		38		39		3.50%, 12/01/2045		880		903
3.50%, 07/01/2032		31		32		3.50%, 01/01/2046		929		953
3.50%, 09/01/2032		35		36		3.50%, 01/01/2046		236		242
3.50%, 10/01/2033		19		20		3.50%, 01/01/2046		872		895
3.50%, 05/01/2034		116		120		3.50%, 01/01/2046		880		903
3.50%, 06/01/2034		81		84		3.50%, 02/01/2046		353		362
3.50%, 07/01/2034		529		550		3.50%, 03/01/2046		256		263
3.50%, 09/01/2034		395		411		3.50%, 03/01/2046		1,088		1,117
3.50%, 10/01/2034		129		134		3.50%, 03/01/2046		79		81
3.50%, 12/01/2035		731		759		3.50%, 03/01/2046		782		803
3.50%, 02/01/2036		154		160		3.50%, 03/01/2046		737		756
3.50%, 07/01/2036		231		239		3.50%, 03/01/2046		818		840
3.50%, 08/01/2036		250		259		3.50%, 04/01/2046		665		683
3.50%, 02/01/2037		116		120		3.50%, 04/01/2046		1,052		1,080
3.50%, 03/01/2041		58		60		3.50%, 04/01/2046		503		516
3.50%, 06/01/2041		61		63		3.50%, 05/01/2046		413		424
3.50%, 10/01/2041		42		43		3.50%, 05/01/2046		182		186
3.50%, 12/01/2041		57		58		3.50%, 06/01/2046		223		229
3.50%, 12/01/2041(e)		16,650		17,072		3.50%, 07/01/2046		98		101
3.50%, 02/01/2042		558		575		3.50%, 07/01/2046		924		949
3.50%, 03/01/2042		131		135		3.50%, 12/01/2046		750		770
3.50%, 04/01/2042		158		163		3.50%, 02/01/2047		1,227		1,259
3.50%, 05/01/2042		111		114		4.00%, 07/01/2019		57		59
3.50%, 05/01/2042		850		876		4.00%, 05/01/2020		52		53
3.50%, 06/01/2042		777		800		4.00%, 05/01/2020		49		50
3.50%, 07/01/2042		137		141		4.00%, 12/01/2020		29		30
3.50%, 08/01/2042		93		96		4.00%, 03/01/2022		149		154
3.50%, 09/01/2042		87		90		4.00%, 03/01/2022		103		106
3.50%, 10/01/2042		118		121		4.00%, 09/01/2025		28		29
3.50%, 10/01/2042		1,033		1,064		4.00%, 03/01/2026		40		41
3.50%, 01/01/2043(e)		1,775		1,818		4.00%, 09/01/2026		32		34
3.50%, 04/01/2043		990		1,018		4.00%, 04/01/2029		15		16
3.50%, 05/01/2043		662		681		4.00%, 12/01/2030		20		21
3.50%, 05/01/2043		1,081		1,111		4.00%, 11/01/2031		25		26
3.50%, 06/01/2043		185		191		4.00%, 11/01/2033		419		442
3.50%, 08/01/2043		804		827		4.00%, 10/01/2034		289		305
3.50%, 09/01/2043		1,946		2,001		4.00%, 02/01/2036		390		411
3.50%, 11/01/2043		317		325		4.00%, 01/01/2037		132		139
3.50%, 01/01/2044		252		259		4.00%, 03/01/2039		21		22
3.50%, 02/01/2044		24		24		4.00%, 08/01/2039		78		81
3.50%, 07/01/2044		1,155		1,188		4.00%, 09/01/2040		161		169
3.50%, 10/01/2044		495		508		4.00%, 10/01/2040		56		59
3.50%, 11/01/2044		542		556		4.00%, 12/01/2040		38		40
3.50%, 12/01/2044		753		773		4.00%, 12/01/2040		43		45
3.50%, 12/01/2044		695		713		4.00%, 01/01/2041		22		23
3.50%, 01/01/2045		811		832		4.00%, 01/01/2041		148		156
3.50%, 02/01/2045		152		156		4.00%, 02/01/2041		56		59
3.50%, 02/01/2045		598		613		4.00%, 02/01/2041		111		116
3.50%, 02/01/2045		115		118		4.00%, 02/01/2041		135		142
						4.00%, 03/01/2041		68		71

See accompanying notes.

22

Schedule of Investments
Bond Market Index Fund
November 30, 2017 (unaudited)
U.S. GOVERNMENT & GOVERNMENT		Principal				U.S. GOVERNMENT & GOVERNMENT		Principal
AGENCY OBLIGATIONS (continued)	Amount (000's)			Value(000	's)	AGENCY OBLIGATIONS (continued)	Amount (000's)			Value(000	's)
Federal National Mortgage Association (FNMA) (continued)						Federal National Mortgage Association (FNMA) (continued)
4.00%, 09/01/2041	$	52	$	54		4.50%, 01/01/2020	$	69	$	70
4.00%, 12/01/2041		89		93		4.50%, 02/01/2021		65		67
4.00%, 12/01/2041		174		183		4.50%, 08/01/2023		225		240
4.00%, 12/01/2041		276		290		4.50%, 05/01/2025		29		31
4.00%, 05/01/2042		51		54		4.50%, 06/01/2029		35		37
4.00%, 06/01/2042		206		216		4.50%, 07/01/2029		8		9
4.00%, 06/01/2042		421		441		4.50%, 08/01/2030		19		21
4.00%, 12/01/2042(e)		17,400		18,179		4.50%, 01/01/2034		56		60
4.00%, 12/01/2042		427		449		4.50%, 02/01/2039		33		35
4.00%, 06/01/2043		562		590		4.50%, 04/01/2039		221		235
4.00%, 09/01/2043		756		792		4.50%, 04/01/2039		24		25
4.00%, 11/01/2043		647		677		4.50%, 04/01/2039		57		62
4.00%, 11/01/2043		658		689		4.50%, 06/01/2039		25		26
4.00%, 12/01/2043		25		26		4.50%, 06/01/2039		3		4
4.00%, 05/01/2044		212		222		4.50%, 08/01/2039		39		42
4.00%, 08/01/2044		35		37		4.50%, 10/01/2039		24		26
4.00%, 08/01/2044		255		267		4.50%, 12/01/2039		58		63
4.00%, 08/01/2044		191		200		4.50%, 02/01/2040		58		62
4.00%, 08/01/2044		606		634		4.50%, 05/01/2040		40		43
4.00%, 09/01/2044		284		297		4.50%, 09/01/2040		388		415
4.00%, 09/01/2044		250		262		4.50%, 10/01/2040		53		57
4.00%, 09/01/2044		80		83		4.50%, 02/01/2041		53		56
4.00%, 10/01/2044		162		169		4.50%, 03/01/2041		57		61
4.00%, 10/01/2044		107		112		4.50%, 04/01/2041		91		98
4.00%, 10/01/2044		32		33		4.50%, 05/01/2041		462		494
4.00%, 10/01/2044		134		140		4.50%, 07/01/2041		39		42
4.00%, 11/01/2044		190		199		4.50%, 07/01/2041		6		7
4.00%, 11/01/2044		143		150		4.50%, 08/01/2041		492		528
4.00%, 11/01/2044		79		83		4.50%, 09/01/2041		50		53
4.00%, 11/01/2044		185		193		4.50%, 09/01/2041		556		596
4.00%, 11/01/2044		42		44		4.50%, 11/01/2041		42		45
4.00%, 11/01/2044		334		350		4.50%, 11/01/2041		39		42
4.00%, 12/01/2044		589		616		4.50%, 12/01/2041(e)		500		532
4.00%, 12/01/2044		398		416		4.50%, 01/01/2042		12		13
4.00%, 12/01/2044		346		362		4.50%, 07/01/2042		12		13
4.00%, 12/01/2044		106		111		4.50%, 09/01/2043		387		413
4.00%, 01/01/2045		235		246		4.50%, 09/01/2043		373		399
4.00%, 01/01/2045		610		637		4.50%, 10/01/2043		25		27
4.00%, 01/01/2045		24		25		4.50%, 10/01/2043		32		34
4.00%, 01/01/2045		582		609		4.50%, 11/01/2043		438		466
4.00%, 02/01/2045		278		290		4.50%, 11/01/2043		471		501
4.00%, 02/01/2045		270		282		4.50%, 11/01/2043		237		252
4.00%, 02/01/2045		575		601		4.50%, 11/01/2043		15		16
4.00%, 03/01/2045		169		177		4.50%, 12/01/2043		13		14
4.00%, 04/01/2045		367		384		4.50%, 01/01/2044		418		445
4.00%, 06/01/2045		77		80		4.50%, 01/01/2044		436		465
4.00%, 08/01/2045		48		51		4.50%, 02/01/2044		19		20
4.00%, 08/01/2045		69		72		4.50%, 02/01/2044		106		112
4.00%, 08/01/2045		243		254		4.50%, 03/01/2044		319		341
4.00%, 09/01/2045		202		211		4.50%, 03/01/2044		56		60
4.00%, 09/01/2045		779		814		4.50%, 04/01/2044		667		710
4.00%, 11/01/2045		18		19		4.50%, 04/01/2044		522		556
4.00%, 11/01/2045		901		941		4.50%, 05/01/2044		141		150
4.00%, 11/01/2045		167		175		4.50%, 05/01/2044		493		526
4.00%, 12/01/2045		204		213		4.50%, 05/01/2044		419		447
4.00%, 12/01/2045		27		28		4.50%, 06/01/2044		582		620
4.00%, 12/01/2045		611		638		4.50%, 06/01/2044		18		19
4.00%, 12/01/2045		87		91		4.50%, 06/01/2044		108		116
4.00%, 12/01/2045		325		340		4.50%, 07/01/2044		119		127
4.00%, 12/01/2045		25		26		4.50%, 08/01/2044		20		21
4.00%, 01/01/2046		131		137		4.50%, 08/01/2044		125		133
4.00%, 02/01/2046		137		143		4.50%, 09/01/2044		391		416
4.00%, 02/01/2046		646		675		4.50%, 10/01/2044		519		553
4.00%, 03/01/2046		1,392		1,455		4.50%, 11/01/2044		74		79
4.00%, 03/01/2046		32		33		4.50%, 11/01/2044		457		488
4.00%, 04/01/2046		688		719		4.50%, 11/01/2044		145		155
4.00%, 07/01/2046		302		315		4.50%, 11/01/2044		93		99
4.00%, 01/01/2047(e)		1,100		1,148		4.50%, 11/01/2044		11		11
4.00%, 03/01/2047		965		1,009		4.50%, 04/01/2045		137		146
4.50%, 02/01/2018		1		1		4.50%, 03/01/2046		116		124
4.50%, 05/01/2018		12		12		4.50%, 04/01/2046		165		176
4.50%, 11/01/2018		43		44		4.50%, 05/01/2046		339		361
						4.50%, 08/01/2046		23		24

See accompanying notes.

23

Schedule of Investments
Bond Market Index Fund
November 30, 2017 (unaudited)
U.S. GOVERNMENT & GOVERNMENT		Principal				U.S. GOVERNMENT & GOVERNMENT		Principal
AGENCY OBLIGATIONS (continued)	Amount (000's)			Value(000	's)	AGENCY OBLIGATIONS (continued)	Amount (000's)		Value (000's)
Federal National Mortgage Association (FNMA) (continued)						Federal National Mortgage Association (FNMA) (continued)
4.50%, 11/01/2046	$	511	$	543		5.50%, 12/01/2038	$	30	$	34
4.50%, 01/01/2047		231		246		5.50%, 12/01/2038		26		29
4.50%, 01/01/2047		676		719		5.50%, 02/01/2039		87		97
5.00%, 12/01/2020		11		11		5.50%, 04/01/2039		251		279
5.00%, 05/01/2023		6		7		5.50%, 04/01/2039		30		34
5.00%, 10/01/2024		29		32		5.50%, 06/01/2039		2		2
5.00%, 09/01/2025		71		72		5.50%, 12/01/2039		25		28
5.00%, 12/01/2025		254		274		5.50%, 03/01/2040		407		448
5.00%, 06/01/2028		60		65		5.50%, 04/01/2040		166		185
5.00%, 03/01/2030		5		5		5.50%, 04/01/2040		333		368
5.00%, 05/01/2030		3		4		5.50%, 05/01/2040		274		303
5.00%, 03/01/2034		16		18		5.50%, 06/01/2040		188		209
5.00%, 04/01/2035		17		18		5.50%, 07/01/2041		197		218
5.00%, 06/01/2035		42		46		5.50%, 07/01/2041		379		419
5.00%, 07/01/2035		45		50		5.50%, 09/01/2041		120		133
5.00%, 08/01/2035		1		1		6.00%, 04/01/2026		50		56
5.00%, 02/01/2037		5		6		6.00%, 07/01/2035		80		91
5.00%, 04/01/2037		1		1		6.00%, 10/01/2036		234		263
5.00%, 07/01/2037		35		38		6.00%, 02/01/2037		133		149
5.00%, 04/01/2038		1		1		6.00%, 07/01/2037		2		2
5.00%, 01/01/2039		870		947		6.00%, 11/01/2037		6		6
5.00%, 02/01/2039		32		34		6.00%, 11/01/2037		1		1
5.00%, 07/01/2039		348		378		6.00%, 02/01/2038		1		1
5.00%, 12/01/2039		497		539		6.00%, 04/01/2038		81		92
5.00%, 12/01/2039		26		29		6.00%, 05/01/2038		3		4
5.00%, 01/01/2040		32		35		6.00%, 05/01/2038		5		6
5.00%, 05/01/2040		39		42		6.00%, 08/01/2038		92		103
5.00%, 06/01/2040		8		9		6.00%, 09/01/2038		1		1
5.00%, 06/01/2040		6		6		6.00%, 10/01/2039		99		112
5.00%, 06/01/2040		37		40		6.00%, 04/01/2040		66		75
5.00%, 02/01/2041		333		361		6.00%, 10/01/2040		91		103
5.00%, 02/01/2041		183		199		6.50%, 06/01/2024		2		2
5.00%, 04/01/2041		649		703		6.50%, 12/01/2031		1		1
5.00%, 04/01/2041		756		820		6.50%, 03/01/2032		3		3
5.00%, 05/01/2041		47		51		6.50%, 10/01/2039		46		52
5.00%, 08/01/2041		337		366					$	230,712
5.00%, 05/01/2042		359		389		Government National Mortgage Association (GNMA) - 8.23%
5.00%, 07/01/2042		164		178		2.50%, 06/20/2027		237		238
5.00%, 09/01/2043		160		173		2.50%, 09/20/2027		25		25
5.00%, 03/01/2044		146		158		2.50%, 01/20/2028		92		92
5.00%, 03/01/2044		462		500		2.50%, 04/20/2028		52		52
5.00%, 03/01/2044		142		153		2.50%, 11/20/2030		144		144
5.00%, 05/01/2044		229		248		2.50%, 12/20/2030		206		207
5.00%, 06/01/2044		187		202		2.50%, 03/20/2031		345		346
5.00%, 02/01/2045		315		342		2.50%, 04/15/2043		274		268
5.00%, 06/01/2045		854		927		2.50%, 07/20/2043		225		222
5.50%, 01/01/2025		4		4		2.50%, 04/15/2045		75		73
5.50%, 12/01/2027		103		113		2.50%, 09/15/2046		45		44
5.50%, 06/01/2034		7		8		2.50%, 10/15/2046		99		96
5.50%, 04/01/2035		2		2		2.50%, 11/20/2046		94		92
5.50%, 09/01/2035		5		5		2.50%, 12/20/2046		901		879
5.50%, 10/01/2035		9		10		2.50%, 01/20/2047		236		231
5.50%, 04/01/2036		3		3		3.00%, 01/20/2027		22		22
5.50%, 04/01/2036		33		36		3.00%, 02/15/2027		160		164
5.50%, 09/01/2036		47		52		3.00%, 04/15/2027		22		23
5.50%, 12/01/2036		43		47		3.00%, 09/20/2027		45		46
5.50%, 02/01/2037		3		3		3.00%, 11/20/2028		295		302
5.50%, 05/01/2037		30		33		3.00%, 05/20/2029		67		69
5.50%, 06/01/2037		2		2		3.00%, 08/20/2029		183		188
5.50%, 07/01/2037		4		4		3.00%, 09/20/2029		207		213
5.50%, 08/01/2037		3		3		3.00%, 07/20/2030		161		165
5.50%, 03/01/2038		188		208		3.00%, 01/20/2031		175		180
5.50%, 03/01/2038		312		344		3.00%, 07/20/2032		219		224
5.50%, 05/01/2038		217		240		3.00%, 01/01/2041		500		503
5.50%, 06/01/2038		304		338		3.00%, 04/15/2042		351		354
5.50%, 06/01/2038		3		3		3.00%, 09/20/2042		132		134
5.50%, 06/01/2038		5		6		3.00%, 11/20/2042		985		997
5.50%, 08/01/2038		1		1		3.00%, 12/20/2042		722		731
5.50%, 09/01/2038		21		23		3.00%, 01/20/2043		711		720
5.50%, 09/01/2038		470		524		3.00%, 03/20/2043		786		795
5.50%, 10/01/2038		6		7		3.00%, 03/20/2043		151		152
5.50%, 11/01/2038		253		281		3.00%, 03/20/2043		910		922
						3.00%, 04/15/2043		555		563

See accompanying notes.

24

Schedule of Investments
Bond Market Index Fund
November 30, 2017 (unaudited)
U.S. GOVERNMENT & GOVERNMENT		Principal				U.S. GOVERNMENT & GOVERNMENT		Principal
AGENCY OBLIGATIONS (continued)		Amount (000's)		Value(000	's)	AGENCY OBLIGATIONS (continued)		Amount (000's)	Value (000's)
Government National Mortgage Association (GNMA) (continued)						Government National Mortgage Association (GNMA) (continued)
3.00%, 04/20/2043	$	1,150	$	1,165		3.50%, 02/20/2045	$	772	$	799
3.00%, 05/15/2043		59		59		3.50%, 03/15/2045		76		78
3.00%, 05/15/2043		86		87		3.50%, 03/15/2045		231		240
3.00%, 05/15/2043		109		111		3.50%, 03/20/2045		1,019		1,055
3.00%, 06/15/2043		15		15		3.50%, 04/15/2045		159		164
3.00%, 06/15/2043		120		122		3.50%, 04/15/2045		108		112
3.00%, 06/20/2043		1,034		1,047		3.50%, 04/20/2045		735		762
3.00%, 08/20/2043		1,115		1,130		3.50%, 04/20/2045		638		661
3.00%, 07/15/2044		185		187		3.50%, 05/20/2045		1,034		1,071
3.00%, 12/15/2044		174		175		3.50%, 06/20/2045		152		157
3.00%, 12/20/2044		1,386		1,402		3.50%, 07/20/2045		841		871
3.00%, 01/15/2045		364		367		3.50%, 08/20/2045		882		913
3.00%, 01/15/2045		151		153		3.50%, 09/20/2045		847		877
3.00%, 01/20/2045		130		131		3.50%, 11/20/2045		439		455
3.00%, 02/20/2045		142		143		3.50%, 12/20/2045		963		998
3.00%, 04/20/2045		267		269		3.50%, 01/20/2046		522		541
3.00%, 05/20/2045		935		943		3.50%, 02/20/2046		839		869
3.00%, 06/20/2045		377		380		3.50%, 03/20/2046		837		866
3.00%, 07/15/2045		101		102		3.50%, 04/20/2046		980		1,015
3.00%, 07/20/2045		592		598		3.50%, 05/20/2046		1,097		1,136
3.00%, 08/20/2045		1,145		1,155		3.50%, 06/20/2046		1,135		1,175
3.00%, 09/20/2045		496		500		3.50%, 07/20/2046		1,071		1,109
3.00%, 10/20/2045		1,084		1,093		3.50%, 08/15/2046		234		243
3.00%, 12/20/2045		603		608		3.50%, 08/20/2046		1,094		1,132
3.00%, 01/20/2046		271		273		3.50%, 09/20/2046		1,064		1,101
3.00%, 03/20/2046		1,161		1,171		3.50%, 10/20/2046		1,081		1,119
3.00%, 04/20/2046		1,118		1,127		3.50%, 11/20/2046		966		999
3.00%, 05/20/2046		836		844		3.50%, 12/20/2046		808		837
3.00%, 07/20/2046		1,135		1,144		3.50%, 01/01/2047		1,800		1,859
3.00%, 08/20/2046		1,135		1,145		3.50%, 02/20/2047		918		950
3.00%, 09/20/2046		1,271		1,282		3.50%, 03/20/2047		1,116		1,155
3.00%, 10/20/2046		468		472		3.50%, 05/20/2047		968		1,002
3.00%, 11/20/2046		393		397		3.50%, 06/20/2047		1,274		1,319
3.00%, 11/20/2046		1,178		1,191		3.50%, 07/20/2047		987		1,022
3.00%, 12/15/2046		294		297		3.50%, 08/20/2047		496		513
3.00%, 12/20/2046		1,216		1,226		3.50%, 12/01/2047		12,700		13,133
3.00%, 01/20/2047		1,225		1,235		4.00%, 05/15/2026		25		26
3.00%, 12/01/2047		13,600		13,706		4.00%, 07/20/2026		53		56
3.50%, 12/20/2026		200		208		4.00%, 09/15/2040		26		27
3.50%, 03/20/2027		14		14		4.00%, 09/15/2040		8		8
3.50%, 02/15/2042		66		68		4.00%, 01/15/2041		32		33
3.50%, 02/20/2042		144		150		4.00%, 01/15/2041		29		31
3.50%, 05/15/2042		106		110		4.00%, 01/20/2041		86		91
3.50%, 05/20/2042		287		299		4.00%, 07/15/2041		49		51
3.50%, 06/20/2042		294		306		4.00%, 07/20/2041		19		20
3.50%, 07/15/2042		46		48		4.00%, 09/15/2041		7		7
3.50%, 07/20/2042		1,154		1,200		4.00%, 09/20/2041		19		20
3.50%, 08/15/2042		14		14		4.00%, 10/15/2041		19		20
3.50%, 08/20/2042		70		72		4.00%, 11/20/2041		38		40
3.50%, 09/20/2042		859		893		4.00%, 12/20/2041		26		27
3.50%, 10/20/2042		616		640		4.00%, 01/20/2042		23		24
3.50%, 11/20/2042		534		555		4.00%, 02/20/2042		29		30
3.50%, 12/20/2042		540		561		4.00%, 06/20/2043		11		11
3.50%, 01/20/2043		875		909		4.00%, 11/20/2043		960		1,010
3.50%, 02/20/2043		1,387		1,442		4.00%, 02/20/2044		385		405
3.50%, 03/20/2043		968		1,007		4.00%, 03/15/2044		311		326
3.50%, 04/15/2043		429		445		4.00%, 03/15/2044		42		44
3.50%, 04/20/2043		658		684		4.00%, 03/20/2044		46		49
3.50%, 05/20/2043		423		440		4.00%, 04/20/2044		105		110
3.50%, 07/20/2043		550		572		4.00%, 05/15/2044		299		313
3.50%, 08/20/2043		1,451		1,508		4.00%, 05/15/2044		239		250
3.50%, 09/20/2043		1,006		1,045		4.00%, 05/20/2044		222		234
3.50%, 10/20/2043		473		492		4.00%, 07/15/2044		131		137
3.50%, 02/20/2044		638		663		4.00%, 07/20/2044		64		68
3.50%, 04/20/2044		551		572		4.00%, 08/20/2044		477		502
3.50%, 09/20/2044		477		494		4.00%, 09/15/2044		535		561
3.50%, 10/20/2044		559		579		4.00%, 09/20/2044		417		438
3.50%, 11/20/2044		550		570		4.00%, 10/20/2044		1,566		1,647
3.50%, 12/15/2044		701		726		4.00%, 11/15/2044		192		201
3.50%, 12/20/2044		579		600		4.00%, 11/20/2044		315		331
3.50%, 01/20/2045		566		586		4.00%, 12/20/2044		559		588
3.50%, 02/15/2045		179		186		4.00%, 01/20/2045		239		251
						4.00%, 02/15/2045		9		10

See accompanying notes.

25

Schedule of Investments
Bond Market Index Fund
November 30, 2017 (unaudited)
U.S. GOVERNMENT & GOVERNMENT		Principal			U.S. GOVERNMENT & GOVERNMENT		Principal
AGENCY OBLIGATIONS (continued)		Amount (000's)	Value (000's)		AGENCY OBLIGATIONS (continued)		Amount (000's)	Value (000's)
Government National Mortgage Association (GNMA) (continued)					Government National Mortgage Association (GNMA) (continued)
4.00%, 03/15/2045	$	79	$	82	4.50%, 08/15/2046	$	179	$	189
4.00%, 03/20/2045		349		367	4.50%, 09/15/2046		72		76
4.00%, 05/15/2045		165		173	4.50%, 10/15/2046		366		386
4.00%, 08/15/2045		135		141	4.50%, 12/20/2046		660		697
4.00%, 08/20/2045		530		556	4.50%, 12/01/2047		700		737
4.00%, 09/15/2045		166		174	5.00%, 05/15/2033		268		291
4.00%, 09/20/2045		627		658	5.00%, 08/15/2033		56		61
4.00%, 10/20/2045		773		812	5.00%, 12/15/2036		3		3
4.00%, 11/15/2045		119		124	5.00%, 04/20/2038		26		28
4.00%, 11/20/2045		1,035		1,087	5.00%, 05/15/2038		152		165
4.00%, 12/15/2045		234		245	5.00%, 07/20/2038		238		260
4.00%, 01/20/2046		1,214		1,276	5.00%, 10/15/2038		356		386
4.00%, 02/20/2046		195		205	5.00%, 02/15/2039		448		488
4.00%, 04/20/2046		733		770	5.00%, 03/15/2039		1		2
4.00%, 05/15/2046		64		67	5.00%, 04/20/2039		159		173
4.00%, 10/20/2046		217		227	5.00%, 06/20/2039		33		36
4.00%, 01/01/2047		600		626	5.00%, 09/15/2039		76		83
4.00%, 01/20/2047		62		65	5.00%, 09/15/2039		225		245
4.00%, 02/20/2047		1,116		1,167	5.00%, 02/15/2040		5		6
4.00%, 03/20/2047		846		885	5.00%, 05/20/2040		27		29
4.00%, 05/20/2047		300		314	5.00%, 06/20/2040		34		38
4.00%, 12/01/2047		9,300		9,713	5.00%, 12/15/2040		213		232
4.50%, 06/15/2034		5		6	5.00%, 05/20/2041		43		47
4.50%, 06/20/2035		45		47	5.00%, 10/15/2041		167		181
4.50%, 03/15/2039		42		44	5.00%, 05/20/2044		561		604
4.50%, 03/15/2039		297		314	5.00%, 06/20/2044		364		394
4.50%, 03/20/2039		62		66	5.00%, 07/20/2044		128		137
4.50%, 06/15/2039		40		43	5.00%, 08/20/2044		56		61
4.50%, 06/15/2039		43		45	5.00%, 01/20/2045		333		357
4.50%, 08/15/2039		8		8	5.00%, 04/20/2045		667		716
4.50%, 11/15/2039		12		13	5.00%, 09/20/2045		82		88
4.50%, 12/15/2039		87		93	5.00%, 02/20/2046		442		474
4.50%, 03/15/2040		467		497	5.00%, 05/20/2046		41		44
4.50%, 06/15/2040		40		42	5.00%, 12/20/2046		325		350
4.50%, 07/15/2040		419		445	5.50%, 05/20/2032		1		1
4.50%, 07/15/2040		3		3	5.50%, 07/15/2034		17		19
4.50%, 08/15/2040		54		58	5.50%, 02/15/2035		40		45
4.50%, 02/20/2041		42		45	5.50%, 03/15/2038		170		187
4.50%, 02/20/2041		58		62	5.50%, 06/15/2038		89		98
4.50%, 03/20/2041		44		48	5.50%, 10/20/2038		33		36
4.50%, 05/15/2041		24		26	5.50%, 01/15/2039		18		20
4.50%, 06/15/2041		22		23	5.50%, 02/15/2039		161		178
4.50%, 06/20/2041		29		30	5.50%, 06/15/2040		325		359
4.50%, 07/20/2041		57		61	5.50%, 07/20/2040		22		25
4.50%, 08/15/2041		15		16	5.50%, 04/20/2044		27		30
4.50%, 08/20/2041		29		31	5.50%, 07/20/2044		247		272
4.50%, 09/20/2041		27		29	5.50%, 08/20/2044		110		123
4.50%, 12/01/2041(e)		400		422	5.50%, 09/20/2044		327		361
4.50%, 09/20/2043		18		19	6.00%, 07/20/2028		1		1
4.50%, 10/20/2043		253		269	6.00%, 07/15/2032		2		3
4.50%, 11/20/2043		364		388	6.00%, 12/15/2032		3		4
4.50%, 01/20/2044		441		469	6.00%, 11/20/2037		29		34
4.50%, 02/20/2044		335		357	6.00%, 01/15/2039		25		28
4.50%, 05/20/2044		844		899	6.50%, 05/15/2023		1		1
4.50%, 07/20/2044		220		234	6.50%, 05/20/2032		12		14
4.50%, 08/20/2044		71		76	7.00%, 03/15/2029		5		5
4.50%, 09/20/2044		371		394	7.00%, 07/15/2031		2		2
4.50%, 10/20/2044		234		249				$	155,887
4.50%, 01/20/2045		178		190	U.S. Treasury - 36.90%
4.50%, 02/20/2045		107		113	0.75%, 02/15/2019		3,610		3,568
4.50%, 04/20/2045		286		304	0.75%, 07/15/2019		2,995		2,946
4.50%, 05/15/2045		237		251	0.75%, 08/15/2019		3,265		3,209
4.50%, 05/20/2045		209		222	0.88%, 04/15/2019		3,415		3,374
4.50%, 09/15/2045		129		137	0.88%, 05/15/2019		2,705		2,671
4.50%, 09/15/2045		261		277	0.88%, 06/15/2019		2,565		2,531
4.50%, 10/20/2045		81		86	0.88%, 07/31/2019		870		857
4.50%, 12/20/2045		532		566	0.88%, 09/15/2019		3,750		3,690
4.50%, 02/20/2046		682		725	1.00%, 03/15/2019		2,335		2,313
4.50%, 03/20/2046		197		208	1.00%, 06/30/2019		250		247
4.50%, 04/20/2046		226		240	1.00%, 08/31/2019		500		493
4.50%, 05/20/2046		57		60	1.00%, 09/30/2019		1,873		1,846
4.50%, 07/20/2046		97		102	1.00%, 10/15/2019		3,190		3,143
					1.00%, 11/15/2019		4,345		4,279

See accompanying notes.

26

Schedule of Investments
Bond Market Index Fund
November 30, 2017 (unaudited)
U.S. GOVERNMENT & GOVERNMENT		Principal				U.S. GOVERNMENT & GOVERNMENT		Principal
AGENCY OBLIGATIONS (continued)		Amount (000's)		Value(000	's)	AGENCY OBLIGATIONS (continued)		Amount (000's)		Value (000's)
U.S. Treasury (continued)						U.S. Treasury (continued)
1.00%, 11/30/2019	$	2,420	$	2,383		1.63%, 06/30/2020	$	2,560	$	2,544
1.13%, 01/15/2019		3,200		3,179		1.63%, 07/31/2020		2,950		2,931
1.13%, 01/31/2019		2,600		2,582		1.63%, 10/15/2020		2,240		2,223
1.13%, 02/28/2019		1,750		1,737		1.63%, 11/30/2020		3,770		3,737
1.13%, 05/31/2019		1,150		1,139		1.63%, 08/15/2022		3,128		3,061
1.13%, 12/31/2019		1,620		1,598		1.63%, 08/31/2022		3,500		3,420
1.13%, 03/31/2020		1,345		1,323		1.63%, 11/15/2022		5,900		5,759
1.13%, 04/30/2020		4,505		4,428		1.63%, 04/30/2023		2,875		2,792
1.13%, 02/28/2021		3,000		2,921		1.63%, 05/31/2023		5,090		4,937
1.13%, 06/30/2021		2,800		2,714		1.63%, 10/31/2023		5,000		4,832
1.13%, 07/31/2021		2,570		2,489		1.63%, 02/15/2026		5,748		5,424
1.13%, 08/31/2021		1,975		1,910		1.63%, 05/15/2026		3,786		3,564
1.13%, 09/30/2021		1,785		1,725		1.75%, 09/30/2019		4,511		4,507
1.25%, 12/31/2018		2,590		2,577		1.75%, 10/31/2020		2,430		2,419
1.25%, 01/31/2019		2,819		2,804		1.75%, 11/15/2020		2,265		2,255
1.25%, 03/31/2019		2,590		2,573		1.75%, 12/31/2020		3,000		2,983
1.25%, 04/30/2019		2,000		1,986		1.75%, 11/30/2021		3,600		3,557
1.25%, 05/31/2019		2,575		2,556		1.75%, 02/28/2022		2,770		2,734
1.25%, 06/30/2019		2,575		2,554		1.75%, 03/31/2022		3,050		3,007
1.25%, 08/31/2019		2,495		2,472		1.75%, 04/30/2022		3,545		3,492
1.25%, 10/31/2019		1,750		1,732		1.75%, 05/15/2022		2,620		2,582
1.25%, 01/31/2020		3,960		3,912		1.75%, 05/31/2022		3,370		3,317
1.25%, 02/29/2020		1,005		992		1.75%, 06/30/2022		3,500		3,443
1.25%, 03/31/2021		2,220		2,168		1.75%, 09/30/2022		2,795		2,744
1.25%, 10/31/2021		2,830		2,745		1.75%, 01/31/2023		3,000		2,939
1.25%, 07/31/2023		3,795		3,600		1.75%, 05/15/2023		5,000		4,885
1.38%, 12/31/2018		615		613		1.88%, 06/30/2020		2,000		2,000
1.38%, 02/28/2019		3,876		3,859		1.88%, 11/30/2021		2,310		2,295
1.38%, 07/31/2019		2,560		2,544		1.88%, 01/31/2022		2,490		2,469
1.38%, 09/30/2019		2,455		2,437		1.88%, 02/28/2022		3,370		3,340
1.38%, 12/15/2019		2,390		2,370		1.88%, 03/31/2022		3,750		3,714
1.38%, 01/15/2020		2,414		2,392		1.88%, 04/30/2022		4,360		4,316
1.38%, 01/31/2020		2,540		2,517		1.88%, 05/31/2022		4,580		4,536
1.38%, 02/15/2020		3,655		3,619		1.88%, 07/31/2022		3,250		3,213
1.38%, 02/29/2020		2,900		2,871		1.88%, 08/31/2022		2,655		2,624
1.38%, 03/31/2020		4,250		4,204		1.88%, 09/30/2022		3,210		3,171
1.38%, 04/30/2020		4,005		3,959		1.88%, 10/31/2022		4,485		4,429
1.38%, 05/31/2020		1,966		1,943		2.00%, 07/31/2020		2,115		2,122
1.38%, 08/31/2020		4,160		4,103		2.00%, 09/30/2020		2,920		2,928
1.38%, 09/15/2020		2,265		2,234		2.00%, 02/28/2021		2,365		2,368
1.38%, 09/30/2020		3,000		2,957		2.00%, 05/31/2021		3,895		3,895
1.38%, 10/31/2020		4,010		3,949		2.00%, 08/31/2021		3,150		3,147
1.38%, 01/31/2021		2,500		2,455		2.00%, 10/31/2021		2,950		2,944
1.38%, 04/30/2021		2,420		2,371		2.00%, 11/15/2021		4,100		4,095
1.38%, 05/31/2021		1,820		1,781		2.00%, 12/31/2021		4,370		4,357
1.38%, 06/30/2023		5,315		5,082		2.00%, 07/31/2022		2,110		2,098
1.38%, 08/31/2023		2,670		2,548		2.00%, 10/31/2022		3,175		3,155
1.38%, 09/30/2023		2,000		1,907		2.00%, 11/30/2022		4,795		4,762
1.50%, 01/31/2019		4,190		4,179		2.00%, 02/15/2023		5,181		5,136
1.50%, 02/28/2019		1,000		997		2.00%, 04/30/2024		20		20
1.50%, 03/31/2019		1,300		1,296		2.00%, 02/15/2025		2,715		2,655
1.50%, 05/31/2019		3,070		3,058		2.00%, 08/15/2025		5,955		5,805
1.50%, 10/31/2019		3,395		3,376		2.00%, 11/15/2026		5,930		5,734
1.50%, 11/30/2019		2,110		2,098		2.13%, 08/31/2020		2,250		2,264
1.50%, 04/15/2020		2,000		1,984		2.13%, 01/31/2021		1,850		1,860
1.50%, 05/15/2020		2,380		2,359		2.13%, 06/30/2021		3,290		3,303
1.50%, 05/31/2020		3,560		3,528		2.13%, 08/15/2021		4,120		4,135
1.50%, 06/15/2020		2,380		2,358		2.13%, 09/30/2021		3,840		3,852
1.50%, 07/15/2020		2,360		2,337		2.13%, 12/31/2021		4,475		4,487
1.50%, 08/15/2020		2,305		2,282		2.13%, 12/31/2022		4,490		4,483
1.50%, 01/31/2022		3,800		3,712		2.13%, 11/30/2023		500		497
1.50%, 02/28/2023		5,580		5,393		2.13%, 03/31/2024		5,520		5,469
1.50%, 03/31/2023		6,085		5,876		2.13%, 11/30/2024		2,645		2,612
1.50%, 08/15/2026		4,515		4,197		2.13%, 05/15/2025		5,880		5,793
1.63%, 03/31/2019		2,136		2,132		2.25%, 03/31/2021		1,510		1,523
1.63%, 04/30/2019		1,300		1,298		2.25%, 04/30/2021		2,570		2,592
1.63%, 06/30/2019		2,000		1,995		2.25%, 12/31/2023		1,620		1,619
1.63%, 07/31/2019		3,500		3,491		2.25%, 01/31/2024		4,775		4,771
1.63%, 08/31/2019		2,405		2,398		2.25%, 11/15/2024		5,585		5,561
1.63%, 11/30/2019		2,455		2,453		2.25%, 11/15/2025		4,150		4,114
1.63%, 12/31/2019		4,400		4,383		2.25%, 02/15/2027		8,620		8,498
1.63%, 03/15/2020		2,390		2,378		2.25%, 08/15/2027		7,785		7,662
						2.25%, 11/15/2027		2,175		2,143

See accompanying notes.

27

     Schedule of Investments Bond Market Index Fund November 30, 2017 (unaudited)

U.S. GOVERNMENT & GOVERNMENT		Principal			U.S. GOVERNMENT & GOVERNMENT			Principal
AGENCY OBLIGATIONS (continued)		Amount (000's)		Value (000's)	AGENCY OBLIGATIONS (continued)		Amount (000's)		Value (000's)
U.S. Treasury (continued)					U.S. Treasury (continued)
2.25%, 08/15/2046	$	3,050	$	2,698		8.75%, 08/15/2020	$	1,500	$	1,774
2.38%, 12/31/2020		3,250		3,293					$	699,047
2.38%, 08/15/2024		6,085		6,110	TOTAL U.S. GOVERNMENT & GOVERNMENT AGENCY
2.38%, 05/15/2027		7,915		7,881	OBLIGATIONS				$	1,231,739
2.50%, 08/15/2023		4,280		4,345	Total Investments				$	2,011,239
2.50%, 05/15/2024		4,000		4,050	Other Assets and Liabilities - (6.16)%				$	(116,783	)
2.50%, 02/15/2045		3,825		3,583	TOTAL NET ASSETS - 100.00%				$	1,894,456
2.50%, 02/15/2046		3,850		3,598
2.50%, 05/15/2046		4,365		4,077
2.63%, 08/15/2020		4,400		4,485	(a)	Security exempt from registration under Rule 144A of the Securities Act of
2.63%, 11/15/2020		4,770		4,867		1933. These securities may be resold in transactions exempt from
2.75%, 02/15/2019		3,090		3,127		registration, normally to qualified institutional buyers. At the end of the
2.75%, 11/15/2023		5,680		5,843		period, the value of these securities totaled $9,933 or 0.52% of net assets.
2.75%, 02/15/2024		7,000		7,194	(b)	Non-income producing security
2.75%, 08/15/2042		2,284		2,262	(c)	Certain variable rate securities are not based on a published reference
2.75%, 11/15/2042		3,640		3,603		rate and spread but are determined by the issuer or agent and are based
2.75%, 08/15/2047		3,310		3,254		on current market conditions. These securities do not indicate a reference
2.75%, 11/15/2047		1,415		1,390		rate and spread in their description.
2.88%, 05/15/2043		3,935		3,979	(d)	Credit support indicates investments that benefit from credit enhancement
2.88%, 08/15/2045		4,850		4,891		or liquidity support provided by a third party bank, institution, or
2.88%, 11/15/2046		3,580		3,608		government agency.
3.00%, 05/15/2042		370		384	(e)	Security was purchased in a "to-be-announced" ("TBA") transaction. See
3.00%, 11/15/2044		3,820		3,948		Notes to Financial Statements for additional information.
3.00%, 05/15/2045		5,480		5,661
3.00%, 11/15/2045		4,175		4,312
3.00%, 02/15/2047		3,335		3,445
3.00%, 05/15/2047		3,985		4,117		Portfolio Summary (unaudited)
3.13%, 05/15/2019		3,490		3,559	Sector					Percent
3.13%, 05/15/2021		3,000		3,114	Government					41.87	%
3.13%, 11/15/2041		1,010		1,070	Mortgage Securities					29.97	%
3.13%, 02/15/2042		2,400		2,541	Financial					8.69	%
3.13%, 02/15/2043		680		719	Investment Companies					6.59	%
3.13%, 08/15/2044		4,400		4,654	Consumer, Non-cyclical					4.27	%
3.38%, 11/15/2019		2,855		2,942	Energy					2.91	%
3.38%, 05/15/2044		4,365		4,822	Communications					2.72	%
3.50%, 05/15/2020		3,135		3,258	Industrial					1.89	%
3.50%, 02/15/2039		330		373	Technology					1.84	%
3.63%, 08/15/2019		3,250		3,351	Utilities					1.78	%
3.63%, 02/15/2020		5,668		5,889	Consumer, Cyclical					1.66	%
3.63%, 02/15/2021		5,560		5,849	Basic Materials					0.69	%
3.63%, 08/15/2043		1,830		2,104	Asset Backed Securities					0.52	%
3.63%, 02/15/2044		4,070		4,685	Revenue Bonds					0.34	%
3.75%, 08/15/2041		160		187	General Obligation Unlimited					0.26	%
3.75%, 11/15/2043		3,680		4,320	Insured					0.13	%
3.88%, 08/15/2040		1,180		1,403	General Obligation Limited					0.03	%
4.25%, 11/15/2040		1,453		1,822	Investments Sold Short					(0.16	)%
4.38%, 02/15/2038		900		1,140	Other Assets and Liabilities					(6.00	)%
4.38%, 11/15/2039		1,920		2,442	TOTAL NET ASSETS					100.00	%
4.38%, 05/15/2040		1,689		2,151
4.38%, 05/15/2041		1,103		1,410
4.50%, 02/15/2036		1,845		2,361
4.50%, 05/15/2038		560		721
4.50%, 08/15/2039		2,050		2,649
4.63%, 02/15/2040		990		1,302
4.75%, 02/15/2037		1,200		1,587
4.75%, 02/15/2041		2,589		3,475
5.00%, 05/15/2037		1,545		2,104
5.25%, 11/15/2028		1,000		1,269
5.25%, 02/15/2029		1,220		1,553
5.38%, 02/15/2031		2,900		3,843
5.50%, 08/15/2028		1,256		1,618
6.13%, 11/15/2027		1,270		1,686
6.25%, 08/15/2023		2,370		2,884
6.25%, 05/15/2030		1,740		2,442
6.38%, 08/15/2027		1,500		2,016
6.63%, 02/15/2027		1,220		1,649
7.25%, 08/15/2022		20		25
8.13%, 05/15/2021		1,150		1,386

See accompanying notes.

28

					Schedule of Investments
					Bond Market Index Fund
			November 30, 2017 (unaudited)
					Short Sales Outstanding
U.S. GOVERNMENT & GOVERNMENT			Principal
AGENCY OBLIGATIONS - (0.16)%		Amount (000's)			Value (000's)
Federal Home Loan Mortgage Corporation (FHLMC) -
0.00	%
2.50%, 01/01/2046		$	25	$	24
Federal National Mortgage Association (FNMA) - (0.11)%
2.50%, 01/01/2046			75		72
3.00%, 12/01/2047			1,500		1,496
5.00%, 12/01/2041			500		541
			$		2,109
Government National Mortgage Association (GNMA) -
(0.05	)%
2.50%, 01/01/2044			100		97
2.50%, 12/01/2047			100		98
3.50%, 01/15/2042			100		103
5.00%, 12/01/2047			550		589
			$		887
TOTAL U.S. GOVERNMENT & GOVERNMENT AGENCY $					3,020
OBLIGATIONS (proceeds $3,024)
TOTAL SHORT SALES (proceeds $3,024)			$		3,020

See accompanying notes.

29

     Schedule of Investments Capital Securities Fund November 30, 2017 (unaudited)

INVESTMENT COMPANIES - 2.34%		Shares Held	Value (000's)					Principal
Money Market Funds - 2.34%						BONDS (continued)		Amount (000's) Value (000's)
Goldman Sachs Financial Square Funds -		11,604,753	$		11,605	Banks (continued)
Government Fund						Barclays PLC (continued)
						8.25%, 12/31/2049(a)	$	3,500	$	3,689
TOTAL INVESTMENT COMPANIES			$		11,605	USSW5 Index Spread + 6.71%
PREFERRED STOCKS - 5.43%		Shares Held	Value (000's)			BNP Paribas SA
Banks - 3.46%						7.20%, 06/29/2049(a),(b)		3,300		3,824
BB&T Corp 5.63% (a)		4,472	$		113	3 Month LIBOR + 1.29%
CoBank ACB 6.13% (a)		6,000			616	7.63%, 12/31/2049(a),(b)		1,000		1,105
CoBank ACB 6.20% (a)		10,000			1,060	USSW5 Index Spread + 6.31%
3 Month LIBOR + 3.74%						7.63%, 12/31/2049(a)		1,900		2,100
CoBank ACB 6.25% (a),(b)		38,800			4,239	USSW5 Index Spread + 6.31%
3 Month LIBOR + 4.56%						BPCE SA
Fifth Third Bancorp 6.63% (a)		116,938			3,367	12.50%, 08/29/2049(a)		4,177		4,885
3 Month LIBOR + 3.71%						3 Month LIBOR + 12.98%
First Republic Bank/CA 5.13% (a)		45,549			1,151	Capital One Financial Corp
Huntington Bancshares Inc/OH 6.25% (a)		80,000			2,201	5.55%, 12/31/2049(a)		4,000		4,170
KeyCorp 6.13% (a)		40,000			1,151	3 Month LIBOR + 3.80%
3 Month LIBOR + 3.89%						Citigroup Inc
M&T Bank Corp 6.38% (a)		2,130			2,196	5.95%, 12/31/2049(a)		1,000		1,049
Valley National Bancorp 6.25% (a)		39,083			1,079	3 Month LIBOR + 4.10%
3 Month LIBOR + 3.85%						6.13%, 12/31/2049(a)		6,000		6,397
			$		17,173	3 Month LIBOR + 4.48%
Insurance - 0.19%						6.25%, 12/31/2049(a)		3,100		3,468
XLIT Ltd 4.48% (a)		1,000			954	3 Month LIBOR + 4.52%
3 Month LIBOR + 3.12%						Citizens Financial Group Inc
						5.50%, 12/31/2049(a)		5,000		5,200
REITs - 0.06%						3 Month LIBOR + 3.96%
Vornado Realty Trust 5.70% (a)		12,332			315	CoBank ACB
						6.25%, 12/31/2049(a)		1,000		1,099
Sovereign - 0.06%						3 Month LIBOR + 4.66%
Farm Credit Bank of Texas 6.75% (a),(b)		2,500			274	Commerzbank AG
3 Month LIBOR + 4.01%						8.13%, 09/19/2023(b)		500		602
						Cooperatieve Rabobank UA
Telecommunications - 1.66%						4.38%, 08/04/2025		6,000		6,333
Centaur Funding Corp 9.08%, 04/21/2020 (b)		7,329			8,256	11.00%, 12/29/2049(a)		1,100		1,238
						3 Month LIBOR + 10.87%
TOTAL PREFERRED STOCKS			$		26,972	11.00%, 12/29/2049(a),(b)		6,400		7,200
		Principal				3 Month LIBOR + 10.87%
BONDS - 91.20%		Amount (000's)	Value (000's)			Corestates Capital III
						1.99%, 02/15/2027(b)		15,571		14,637
Automobile Manufacturers - 0.41%
General Motors Financial Co Inc						3 Month LIBOR + 0.57%
5.75%, 12/31/2049(a)	$	2,000		$	2,055	Credit Agricole SA
						8.13%, 12/31/2049(a),(b)		2,232		2,680
3 Month LIBOR + 3.60%
						USSW5 Index Spread + 6.19%
						8.13%, 12/31/2049(a)		7,000		8,405
Banks - 54.26%
						USSW5 Index Spread + 6.19%
Australia & New Zealand Banking Group						8.38%, 12/31/2049(a),(b)		2,250		2,475
Ltd/United Kingdom
6.75%, 12/31/2049(a),(b)		1,900			2,164	3 Month LIBOR + 6.98%
USD ICE SWAP Rate NY 5 + 5.17%						Credit Suisse AG
Banco Bilbao Vizcaya Argentaria SA						6.50%, 08/08/2023		600		674
9.00%, 12/31/2049(a)		3,400			3,488	Credit Suisse Group AG
USSW5 Index Spread + 8.26%						6.25%, 12/31/2049(a),(b)		6,090		6,611
Bank of America Corp						USSW5 Index Spread + 3.46%
6.30%, 12/31/2049(a)		1,000			1,140	7.50%, 12/31/2049(a),(b)		6,250		7,164
3 Month LIBOR + 4.55%						USSW5 Index Spread + 4.60%
6.50%, 12/31/2049(a)		600			683	Danske Bank A/S
3 Month LIBOR + 4.17%						6.13%, 12/31/2049(a)		6,600		7,045
Bank of New York Mellon Corp/The						USSW7 Index Spread + 3.90%
4.62%, 12/31/2049(a)		14,000			14,350	Dresdner Funding Trust I
3 Month LIBOR + 3.13%						8.15%, 06/30/2031(b)		400		527
4.95%, 12/31/2049(a)		2,000			2,072	8.15%, 06/30/2031		1,100		1,450
3 Month LIBOR + 3.42%						Goldman Sachs Capital III
						4.00%, 09/29/2049(a)		169		149
Bank of Nova Scotia/The
4.65%, 12/31/2049(a)		1,400			1,396	3 Month LIBOR + 0.77%
3 Month LIBOR + 2.65%						HBOS Capital Funding LP
						6.85%, 03/29/2049(a)		2,300		2,349
Barclays Bank PLC
7.75%, 04/10/2023		1,400			1,427	HSBC Capital Funding Dollar 1 LP
						10.18%, 12/29/2049(a)		4,400		7,090
USSW5 Index Spread + 6.83%
10.18%, 06/12/2021		900			1,101	3 Month LIBOR + 4.98%
10.18%, 06/12/2021(b)		3,000			3,670	10.18%, 12/29/2049(a),(b)		700		1,128
Barclays PLC						3 Month LIBOR + 4.98%
6.63%, 12/31/2049(a)		636			654	HSBC Holdings PLC
						6.00%, 12/31/2049(a)		3,400		3,572
USSW5 Index Spread + 5.02%
						USD ICE SWAP Rate NY 5 + 3.75%

See accompanying notes.

30

Schedule of Investments
Capital Securities Fund
November 30, 2017 (unaudited)
		Principal				Principal
BONDS (continued)		Amount (000's)	Value (000's)	BONDS (continued)		Amount (000's)		Value (000's)
Banks (continued)				Banks (continued)
HSBC Holdings PLC (continued)				Societe Generale SA (continued)
6.87%, 12/31/2049(a)	$	6,900	$ 7,469	8.25%, 12/31/2049(a)	$	2,250	$	2,364
USD ICE SWAP Rate NY 5 + 5.51%				USSW5 Index Spread + 6.39%
ING Groep NV				Standard Chartered PLC
6.50%, 12/31/2049(a)		500	544	6.50%, 12/31/2049(a)		1,500		1,538
USSW5 Index Spread + 4.45%				USSW5 Index Spread + 4.89%
JPMorgan Chase & Co				7.01%, 07/29/2049(a),(b)		2,800		3,283
5.30%, 12/31/2049(a)		5,000	5,181	3 Month LIBOR + 1.46%
3 Month LIBOR + 3.80%				7.50%, 12/31/2049(a),(b)		1,300		1,406
6.75%, 12/31/2049(a)		2,000	2,287	USSW5 Index Spread + 6.30%
3 Month LIBOR + 3.78%				7.75%, 12/31/2049(a),(b)		1,000		1,095
KeyCorp				USSW5 Index Spread + 5.72%
5.00%, 12/31/2049(a)		4,000	4,140	SunTrust Capital I
3 Month LIBOR + 3.61%				2.09%, 05/15/2027		4,500		4,142
KeyCorp Capital I				3 Month LIBOR + 0.67%
2.08%, 07/01/2028		2,000	1,860	SunTrust Capital III
3 Month LIBOR + 0.74%				1.97%, 03/15/2028		1,600		1,452
KeyCorp Capital III				3 Month LIBOR + 0.65%
7.75%, 07/15/2029		1,500	1,897	Svenska Handelsbanken AB
Lloyds Bank PLC				5.25%, 12/31/2049(a)		3,100		3,162
12.00%, 12/29/2049(a)		7,000	9,432	USSW5 Index Spread + 3.34%
3 Month LIBOR + 11.76%				Swedbank AB
12.00%, 12/29/2049(a),(b)		2,000	2,695	6.00%, 12/31/2049(a)		4,400		4,659
3 Month LIBOR + 11.76%				USSW5 Index Spread + 4.11%
Lloyds Banking Group PLC				UBS Group AG
6.41%, 01/29/2049(a),(b)		1,700	1,951	6.88%, 12/31/2049(a)		5,700		6,310
3 Month LIBOR + 1.50%				USSW5 Index Spread + 4.59%
7.50%, 12/31/2049(a)		4,300	4,870	US Bancorp
USSW5 Index Spread + 4.76%				5.12%, 12/31/2049(a)		2,000		2,097
M&T Bank Corp				3 Month LIBOR + 3.49%
5.12%, 12/31/2049(a)		4,000	4,250	Wells Fargo & Co
3 Month LIBOR + 3.52%				7.98%, 12/31/2049(a)		2,400		2,437
6.45%, 12/31/2049(a)		1,300	1,469	3 Month LIBOR + 3.77%
3 Month LIBOR + 3.61%				Westpac Banking Corp/New Zealand
Nordea Bank AB				5.00%, 12/31/2049(a)		600		600
5.50%, 12/31/2049(a),(b)		400	410	USD ICE SWAP Rate NY 5 + 2.89%
USD ICE SWAP Rate NY 5 + 3.56%						$		269,516
5.50%, 12/31/2049(a)		1,600	1,640	Diversified Financial Services - 1.69%
USD ICE SWAP Rate NY 5 + 3.56%				Charles Schwab Corp/The
6.13%, 12/31/2049(a),(b)		4,300	4,633	7.00%, 02/28/2049(a)		5,813		6,615
USSW5 Index Spread + 3.39%				3 Month LIBOR + 4.82%
Northern Trust Corp				Depository Trust & Clearing Corp/The
4.60%, 12/31/2049(a)		5,815	5,989	4.88%, 12/31/2049(a),(b)		1,000		1,047
3 Month LIBOR + 3.20%				3 Month LIBOR + 3.17%
NTC Capital I				National Rural Utilities Cooperative Finance
1.88%, 01/15/2027		1,250	1,162	Corp
3 Month LIBOR + 0.52%				5.25%, 04/20/2046		700		745
NTC Capital II				3 Month LIBOR + 3.63%
1.95%, 04/15/2027		1,200	1,122			$		8,407
3 Month LIBOR + 0.59%				Electric - 3.45%
PNC Capital Trust C				Dominion Energy Inc
1.89%, 06/01/2028		5,000	4,700	5.75%, 10/01/2054		6,775		7,317
3 Month LIBOR + 0.57%				3 Month LIBOR + 3.06%
PNC Financial Services Group Inc/The				Emera Inc
6.75%, 07/29/2049(a)		1,200	1,337	6.75%, 06/15/2076		4,200		4,725
3 Month LIBOR + 3.68%				3 Month LIBOR + 5.44%
RBS Capital Trust B				NextEra Energy Capital Holdings Inc
6.80%, 12/29/2049(a)		2,500	2,507	3.40%, 10/01/2066		4,500		4,275
Royal Bank of Scotland Group PLC				3 Month LIBOR + 2.07%
3.66%, 03/29/2049(a)		1,000	987	3.44%, 06/15/2067		580		547
3 Month LIBOR + 2.32%				3 Month LIBOR + 2.13%
7.50%, 12/31/2049(a)		4,896	5,189	4.80%, 12/01/2077		250		251
USSW5 Index Spread + 5.80%				3 Month LIBOR + 2.41%
8.00%, 12/31/2049(a)		1,000	1,138
						$		17,115
USSW5 Index Spread + 5.72%				Hand & Machine Tools - 0.13%
Societe Generale SA				Stanley Black & Decker Inc
7.38%, 12/31/2049(a),(b)		5,000	5,419
				5.75%, 12/15/2053		600		618
USSW5 Index Spread + 6.24%				3 Month LIBOR + 4.30%
8.00%, 12/31/2049(a),(b)		200	233
USD ICE SWAP Rate NY 5 + 5.87%				Insurance - 25.32%
				ACE Capital Trust II
				9.70%, 04/01/2030		2,570		3,894

See accompanying notes.

31

     Schedule of Investments Capital Securities Fund November 30, 2017 (unaudited)

		Principal					Principal
BONDS (continued)		Amount (000's) Value (000's)			BONDS (continued)		Amount (000's) Value (000's)
Insurance (continued)					Insurance (continued)
Aegon NV					Prudential PLC
2.39%, 07/29/2049(a)	$	7,400	$	6,430		7.75%, 12/31/2049(a)	$	2,000	$	2,044
USD ICE SWAP Rate NY10 + 0.10%					Reinsurance Group of America Inc
AG Insurance SA						3.98%, 12/15/2065		2,000		1,910
6.75%, 03/29/2049(a)		4,600		4,831		3 Month LIBOR + 2.67%
USSW6 Index Spread + 5.43%					Sumitomo Life Insurance Co
Allstate Corp/The						6.50%, 09/20/2073(b)		3,000		3,401
5.75%, 08/15/2053		9,900		10,791		3 Month LIBOR + 4.44%
3 Month LIBOR + 2.94%					Voya Financial Inc
American International Group Inc						5.65%, 05/15/2053		3,500		3,696
8.18%, 05/15/2068		6,700		9,179		3 Month LIBOR + 3.58%
3 Month LIBOR + 4.20%					XLIT Ltd
Aon Corp						3.82%, 12/31/2049(a)		1,400		1,250
8.21%, 01/01/2027		1,000		1,310		3 Month LIBOR + 2.46%
AXA SA								$		125,737
6.38%, 12/29/2049(a),(b)		2,800		3,248	Miscellaneous Manufacturers - 0.77%
3 Month LIBOR + 2.26%					General Electric Co
8.60%, 12/15/2030		2,400		3,456		5.00%, 12/31/2049(a)		3,703		3,842
Catlin Insurance Co Ltd						3 Month LIBOR + 3.33%
4.33%, 07/29/2049(a),(b)		6,900		6,590
3 Month LIBOR + 2.98%					Pipelines - 3.79%
Everest Reinsurance Holdings Inc					Enterprise Products Operating LLC
3.80%, 05/01/2067		1,600		1,520		5.25%, 08/16/2077		12,000		12,006
3 Month LIBOR + 2.39%						3 Month LIBOR + 3.03%
Great-West Life & Annuity Insurance Capital						7.03%, 01/15/2068		3,200		3,216
LP						3 Month LIBOR + 2.68%
6.63%, 11/15/2034(b)		1,200		1,432	TransCanada PipeLines Ltd
Hartford Financial Services Group Inc/The						3.63%, 05/15/2067		200		186
3.54%, 02/12/2067(b)		3,900		3,705		3 Month LIBOR + 2.21%
3 Month LIBOR + 2.13%					Transcanada Trust
8.13%, 06/15/2068		500		514		5.63%, 05/20/2075		1,600		1,693
3 Month LIBOR + 4.60%						3 Month LIBOR + 3.53%
Legal & General Group PLC						5.87%, 08/15/2076		1,600		1,742
5.25%, 03/21/2047		5,000		5,300		3 Month LIBOR + 4.64%
USSW5 Index Spread + 3.69%								$		18,843
Liberty Mutual Group Inc					Telecommunications - 0.23%
4.22%, 03/07/2067(b)		300		294	Koninklijke KPN NV
3 Month LIBOR + 2.91%						7.00%, 03/28/2073		1,000		1,121
7.80%, 03/07/2087(b)		3,400		4,318		USSW10 Index Spread + 5.33%
Liberty Mutual Insurance Co
7.70%, 10/15/2097(b)		1,100		1,590	Transportation - 1.15%
Lincoln National Corp					BNSF Funding Trust I
3.40%, 04/20/2067		1,100		995		6.61%, 12/15/2055		5,000		5,725
3 Month LIBOR + 2.04%						3 Month LIBOR + 2.35%
3.78%, 05/17/2066		1,300		1,215
3 Month LIBOR + 2.36%					TOTAL BONDS			$		452,979
Meiji Yasuda Life Insurance Co					Total Investments			$		491,556
5.20%, 10/20/2045(b)		1,000		1,072
					Other Assets and Liabilities - 1.03%			$		5,135
USSW5 Index Spread + 4.23%					TOTAL NET ASSETS - 100.00%			$		496,691
MetLife Capital Trust IV
7.88%, 12/15/2067(b)		1,800		2,403
MetLife Inc					(a)	Perpetual security. Perpetual securities pay an indefinite stream of
5.25%, 12/31/2049(a)		1,400		1,457		interest, but they may be called by the issuer at an earlier date.
3 Month LIBOR + 3.58%					(b)	Security exempt from registration under Rule 144A of the Securities Act of
6.40%, 12/15/2066		700		801		1933. These securities may be resold in transactions exempt from
9.25%, 04/08/2068(b)		3,900		5,772
						registration, normally to qualified institutional buyers. At the end of the
10.75%, 08/01/2069		4,300		7,203		period, the value of these securities totaled $128,274 or 25.83% of net
Mitsui Sumitomo Insurance Co Ltd						assets.
7.00%, 03/15/2072(b)		3,600		4,104
3 Month LIBOR + 5.90%
Nationwide Financial Services Inc
6.75%, 05/15/2087		500		560
Nippon Life Insurance Co
5.00%, 10/18/2042(b)		1,525		1,617
3 Month LIBOR + 4.24%
Prudential Financial Inc
5.63%, 06/15/2043		2,800		3,035
3 Month LIBOR + 3.92%
5.88%, 09/15/2042		13,500		14,800
3 Month LIBOR + 4.18%

See accompanying notes.

32

	Schedule of Investments
	Capital Securities Fund
	November 30, 2017 (unaudited)
Portfolio Summary (unaudited)
Sector	Percent
Financial	84.98	%
Energy	3.79	%
Utilities	3.45	%
Investment Companies	2.34	%
Industrial	2.05	%
Communications	1.89	%
Consumer, Cyclical	0.41	%
Government	0.06	%
Other Assets and Liabilities	1.03	%
TOTAL NET ASSETS	100.00	%

See accompanying notes.

33

Consolidated Schedule of Investments Diversified Real Asset Fund November 30, 2017 (unaudited)

COMMON STOCKS - 52.76%	Shares Held		Value (000's)	COMMON STOCKS (continued)	Shares Held		Value (000's)
Agriculture - 0.17%				Electric (continued)
Archer-Daniels-Midland Co	57,200	$	2,281	Infraestructura Energetica Nova SAB de CV	1,474,587	$	8,062
Bunge Ltd	29,700		1,987	Innogy SE (b)	120,299		5,565
Golden Agri-Resources Ltd	9,011,200		2,478	NextEra Energy Inc	116,500		18,412
		$	6,746	NRG Energy Inc	29,100		805
Automobile Manufacturers - 0.05%				Orsted A/S (b)	74,100		4,316
BYD Co Ltd	243,500		2,155	PG&E Corp	287,671		15,603
				Terna Rete Elettrica Nazionale SpA	873,280		5,397
Building Materials - 0.62%						$	126,266
American Woodmark Corp (a)	10,886		1,084	Electronics - 0.22%
Boise Cascade Co	54,945		2,115	Badger Meter Inc	25,911		1,202
Duratex SA	626,900		1,690	Halma PLC	336,321		5,824
Geberit AG	21,095		9,183	Watts Water Technologies Inc	24,750		1,842
Louisiana-Pacific Corp (a)	21,542		595			$	8,868
Norbord Inc	73,505		2,545	Energy - Alternate Sources - 0.13%
Reliance Worldwide Corp Ltd	420,535		1,239	China Longyuan Power Group Corp Ltd	3,644,000		2,464
Universal Forest Products Inc	63,635		2,492	Pattern Energy Group Inc	77,700		1,752
Vulcan Materials Co	31,200		3,920	Vestas Wind Systems A/S	17,861		1,139
		$	24,863			$	5,355
Chemicals - 1.62%				Engineering & Construction - 1.66%
Agrium Inc	9,000		989	Aegion Corp (a)	37,527		1,037
Agrium Inc	90,200		9,911	Aena SME SA (b)	19,804		3,938
CF Industries Holdings Inc	88,300		3,309	Arcadis NV	82,470		1,901
Covestro AG (b)	37,338		3,889	Auckland International Airport Ltd	659,551		2,882
DowDuPont Inc	35,700		2,569	Beijing Capital International Airport Co Ltd	491,300		728
FMC Corp	31,600		2,983	Eiffage SA	23,200		2,543
Israel Chemicals Ltd	560,986		2,286	Enav SpA (b)	2,210,291		11,805
K+S AG	326,384		7,653	Ferrovial SA	435,204		9,588
Lenzing AG	20,060		2,387	Flughafen Zurich AG	49,486		11,143
LyondellBasell Industries NV	27,100		2,837	Grupo Aeroportuario del Pacifico SAB de CV	78,100		778
Monsanto Co	20,200		2,390	Obrascon Huarte Lain SA (a)	255,500		1,497
Mosaic Co/The	105,100		2,553	Promotora y Operadora de Infraestructura	222,355		2,249
OCI NV (a)	99,379		2,225	SAB de CV
Olin Corp	147,973		5,274	Sydney Airport	1,643,379		9,243
Potash Corp of Saskatchewan Inc	143,900		2,828	Vinci SA	68,734		7,021
Syngenta AG	5,227		2,419			$	66,353
Yara International ASA	188,436		8,376	Environmental Control - 0.20%
		$	64,878	China Water Affairs Group Ltd	974,000		778
Commercial Services - 1.44%				CT Environmental Group Ltd	3,300,000		551
Abertis Infraestructuras SA	121,600		2,713	Kurita Water Industries Ltd	94,100		2,959
Atlantia SpA	254,887		8,473	SIIC Environment Holdings Ltd	1,037,000		378
Cengage Learning Holdings II Inc (a),(c)	11,792		95	Tetra Tech Inc	64,285		3,214
China Merchants Port Holdings Co Ltd	2,667,021		6,917			$	7,880
COSCO SHIPPING Ports Ltd	4,666,568		4,708	Food - 0.13%
Groupe Eurotunnel SE	659,162		8,763	Ingredion Inc	20,800		2,880
Hutchison Port Holdings Trust	14,000,100		5,966	Wilmar International Ltd	929,100		2,158
OHL Mexico SAB de CV	4,172,065		7,332			$	5,038
Transurban Group	1,351,962		12,864	Forest Products & Paper - 3.84%
		$	57,831	Acadian Timber Corp	151,888		2,219
Consumer Products - 0.21%				BillerudKorsnas AB	125,898		2,153
Avery Dennison Corp	28,300		3,230	Canfor Corp (a)	386,662		7,963
Kimberly-Clark Corp	42,343		5,071	Clearwater Paper Corp (a)	43,323		2,056
		$	8,301	Deltic Timber Corp	87,070		8,036
Cosmetics & Personal Care - 0.54%				Domtar Corp	83,535		4,028
Essity AB (a)	103,551		3,011	Empresas CMPC SA	927,050		2,632
Kao Corp	85,800		5,689	Fibria Celulose SA ADR	1,022,270		14,199
Svenska Cellulosa AB SCA	815,596		7,956	Holmen AB	40,933		2,024
Unicharm Corp	195,100		5,123	Interfor Corp (a)	280,195		4,648
		$	21,779	International Paper Co	202,976		11,490
Electric - 3.15%				Klabin SA	906,900		4,948
ACEA SpA	50,840		1,033	Mondi PLC	655,427		15,660
Algonquin Power & Utilities Corp	434,600		4,780	Oji Holdings Corp	1,127,000		6,894
American Electric Power Co Inc	76,100		5,907	Quintis Ltd (a),(d)	2,854,062		691
CLP Holdings Ltd	349,000		3,559	Sappi Ltd	1,008,264		7,158
CMS Energy Corp	47,400		2,365	Smurfit Kappa Group PLC	282,689		9,017
Dominion Energy Inc	48,800		4,105	Stora Enso OYJ	703,527		10,754
Edison International	97,355		7,912	Sumitomo Forestry Co Ltd	465,400		8,039
Enel SpA	2,139,369		13,900	Suzano Papel e Celulose SA	1,021,200		5,462
Entergy Corp	27,700		2,395	UPM-Kymmene OYJ	364,120		10,957
FirstEnergy Corp	50,400		1,721	West Fraser Timber Co Ltd	128,911		8,147
Great Plains Energy Inc	48,200		1,654	Western Forest Products Inc	2,379,307		4,647
Hera SpA	829,706		2,983			$	153,822
Huadian Fuxin Energy Corp Ltd	13,854,000		3,448	Gas - 1.75%
Iberdrola SA	1,553,958		12,344	Atmos Energy Corp	12,900		1,191

See accompanying notes.

34

Consolidated Schedule of Investments
Diversified Real Asset Fund
November 30, 2017 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value (000's)	COMMON STOCKS (continued)	Shares Held		Value (000's)
Gas (continued)				Mining (continued)
Beijing Enterprises Holdings Ltd	266,800	$	1,542	BHP Billiton Ltd	133,626	$	2,787
China Gas Holdings Ltd	291,700		898	Franco-Nevada Corp	31,900		2,599
China Resources Gas Group Ltd	319,100		1,238	Freeport-McMoRan Inc (a)	605,100		8,423
ENN Energy Holdings Ltd	627,700		4,609	Fresnillo PLC	116,858		2,042
Italgas SpA	189,735		1,202	Glencore PLC (a)	2,949,925		13,571
National Grid PLC	1,826,288		21,869	Goldcorp Inc	174,800		2,210
Sempra Energy	186,711		22,590	MMC Norilsk Nickel PJSC ADR	171,540		2,974
Snam SpA	778,570		3,923	Newcrest Mining Ltd	415,212		7,289
Southcross Holdings Borrower LP (a),(c)	37		17	Newmont Mining Corp	216,400		8,005
Southwest Gas Holdings Inc	110,900		9,531	Norsk Hydro ASA	1,183,081		8,046
Western Gas Equity Partners LP	39,564		1,412	Rio Tinto Ltd	188,574		10,191
		$	70,022	South32 Ltd	1,209,725		2,961
Hand & Machine Tools - 0.04%				Southern Copper Corp	68,000		2,859
Franklin Electric Co Inc	34,343		1,590	Sumitomo Metal Mining Co Ltd	97,700		3,819
				Wheaton Precious Metals Corp	116,400		2,435
Healthcare - Products - 0.27%						$	95,072
Danaher Corp	116,140		10,959	Miscellaneous Manufacturers - 0.56%
				Aalberts Industries NV	85,624		4,370
Healthcare - Services - 0.00%				Alfa Laval AB	266,692		6,312
Millennium Health LLC (a),(c)	22,091		6	Pentair PLC	144,382		10,274
Millennium Health LLC (a),(c),(d),(e)	20,580		—	Sulzer AG	11,282		1,322
Millennium Health LLC (a),(c),(d),(e)	19,318		—			$	22,278
		$	6	Oil & Gas - 3.32%
Holding Companies - Diversified - 0.04%				Anadarko Petroleum Corp	47,100		2,265
Empresas COPEC SA	131,571		1,766	Andeavor	37,300		3,934
				Antero Midstream Partners LP	318,881		8,785
Home Builders - 0.22%				BP PLC	394,620		2,628
DR Horton Inc	56,371		2,875	Cabot Oil & Gas Corp	65,800		1,905
Toll Brothers Inc	57,645		2,901	Canadian Natural Resources Ltd	82,500		2,798
TRI Pointe Group Inc (a)	160,452		2,908	Chevron Corp	23,000		2,737
		$	8,684	CNOOC Ltd	4,210,000		5,775
Iron & Steel - 1.07%				ConocoPhillips	53,300		2,712
ArcelorMittal (a)	109,521		3,297	Continental Resources Inc/OK (a)	69,600		3,294
JFE Holdings Inc	142,400		3,380	Devon Energy Corp	136,700		5,267
Nippon Steel & Sumitomo Metal Corp	111,600		2,726	Ecopetrol SA ADR	260,400		3,021
Novolipetsk Steel PJSC	126,465		2,861	Eni SpA	150,057		2,469
Nucor Corp	93,200		5,358	EOG Resources Inc	74,200		7,592
POSCO	14,366		4,413	EQT GP Holdings LP	56,678		1,449
Severstal PJSC	185,021		2,876	Exxon Mobil Corp	29,600		2,465
Steel Dynamics Inc	68,800		2,649	Galp Energia SGPS SA	241,239		4,555
thyssenkrupp AG	89,755		2,457	Gazprom PJSC ADR	571,042		2,554
Vale SA ADR	903,600		9,669	Hess Corp	72,300		3,317
voestalpine AG	52,457		3,046	Imperial Oil Ltd	84,100		2,594
		$	42,732	LUKOIL PJSC ADR	49,792		2,771
Lodging - 0.55%				Novatek PJSC	21,153		2,398
City Developments Ltd	647,800		5,842	Occidental Petroleum Corp	130,400		9,193
Hilton Grand Vacations Inc (a)	132,622		5,301	Ocean Rig UDW Inc (a)	49,483		1,197
Hilton Worldwide Holdings Inc	139,670		10,833	OMV AG	29,973		1,866
				Petroleo Brasileiro SA ADR(a)	280,300		2,725
		$	21,976	Petroleo Brasileiro SA ADR(a)	561,200		5,264
Machinery - Diversified - 0.98%
ANDRITZ AG	128,877		7,209	Phillips 66	31,200		3,044
Ebara Corp	84,100		3,321	Pioneer Natural Resources Co	14,200		2,216
Gorman-Rupp Co/The	16,957		558	Repsol SA	141,757		2,600
IDEX Corp	68,020		9,221	Rosneft Oil Co PJSC	454,594		2,246
Interpump Group SpA	76,555		2,527	Royal Dutch Shell PLC - A Shares	87,699		2,804
Kadant Inc	10,163		1,040	Showa Shell Sekiyu KK	175,000		2,244
Lindsay Corp	9,460		888	Statoil ASA	136,315		2,741
Valmet OYJ	181,893		3,351	Suncor Energy Inc	75,900		2,633
Xylem Inc/NY	159,819		11,082	TOTAL SA	44,728		2,528
		$	39,197	Tupras Turkiye Petrol Rafinerileri AS	81,304		2,516
Metal Fabrication & Hardware - 0.17%				Valero Energy Corp	88,500		7,578
				Vantage Drilling International (a),(d),(e)	1,554		31
Advanced Drainage Systems Inc	35,402		839
Mueller Industries Inc	51,289		1,867	Woodside Petroleum Ltd	99,336		2,346
Mueller Water Products Inc - Class A	141,146		1,763			$	133,057
Rexnord Corp (a)	92,260		2,299	Oil & Gas Services - 0.29%
		$	6,768	Baker Hughes a GE Co	43,100		1,281
Mining - 2.37%				Halliburton Co	137,200		5,733
				Newpark Resources Inc (a)	258,600		2,289
Alcoa Corp (a)	163,000		6,766
Anglo American PLC	178,545		3,283	Schlumberger Ltd	34,200		2,149
Antofagasta PLC	229,925		2,832			$	11,452
Barrick Gold Corp	143,700		1,980	Packaging & Containers - 1.18%
				Amcor Ltd/Australia	208,193		2,442
				Ball Corp	87,600		3,496

See accompanying notes.

35

Consolidated Schedule of Investments Diversified Real Asset Fund November 30, 2017 (unaudited)

COMMON STOCKS (continued)	Shares Held		Value (000's)	COMMON STOCKS (continued)	Shares Held		Value (000's)
Packaging & Containers (continued)				REITs (continued)
DS Smith PLC	399,840	$	2,925	Dexus	1,093,268	$	8,600
Graphic Packaging Holding Co	137,579		2,106	Digital Realty Trust Inc	65,835		7,683
Greif Inc - Class A	12,627		689	EPR Properties	73,065		4,955
Huhtamaki OYJ	17,715		780	Equinix Inc	27,917		12,967
KapStone Paper and Packaging Corp	160,612		3,570	Essex Property Trust Inc	46,050		11,374
Packaging Corp of America	139,552		16,551	Frasers Logistics & Industrial Trust	6,576,956		5,270
Sealed Air Corp	53,600		2,576	Gecina SA	51,430		8,566
Sonoco Products Co	32,163		1,721	Goodman Group	2,120,836		14,013
WestRock Co	168,550		10,519	Hoshino Resorts REIT Inc	450		2,257
		$	47,375	Hudson Pacific Properties Inc	158,271		5,639
Pipelines - 10.62%				Inmobiliaria Colonial Socimi SA	741,548		7,009
Andeavor Logistics LP	286,666		12,831	Invitation Homes Inc	215,617		5,078
Antero Midstream GP LP	120,541		2,140	Japan Hotel REIT Investment Corp	6,837		4,760
APA Group	1,510,088		10,707	Japan Retail Fund Investment Corp	2,312		4,094
BP Midstream Partners LP (a)	150,478		2,749	Link REIT	1,176,500		10,532
Buckeye Partners LP	269,949		12,399	Merlin Properties Socimi SA	480,604		6,320
Cheniere Energy Inc (a)	496,337		23,983	Nomura Real Estate Master Fund Inc	1,976		2,488
Enbridge Energy Management LLC (a)	434,382		5,864	Park Hotels & Resorts Inc	86,745		2,533
Enbridge Inc	748,236		28,215	Physicians Realty Trust	475,311		8,494
Enbridge Inc	91,277		3,442	Potlatch Corp	193,809		10,000
Energy Transfer Equity LP	991,910		16,069	Prologis Inc	120,097		7,954
Energy Transfer Partners LP	684,541		11,370	Rayonier Inc	595,594		18,791
Enterprise Products Partners LP	1,080,881		26,622	Regency Centers Corp	220,061		14,922
EQT Midstream Partners LP	227,045		15,580	Rexford Industrial Realty Inc	414,086		12,990
Genesis Energy LP	162,778		3,495	SBA Communications Corp (a)	41,487		7,042
Inter Pipeline Ltd	119,300		2,506	Segro PLC	607,055		4,503
Kinder Morgan Inc/DE	1,282,000		22,089	Senior Housing Properties Trust	204,697		3,920
Koninklijke Vopak NV	177,417		7,486	Simon Property Group Inc	112,237		18,154
Magellan Midstream Partners LP	359,054		24,057	STORE Capital Corp	211,236		5,454
MPLX LP	552,847		19,825	Sun Communities Inc	79,098		7,361
Noble Midstream Partners LP	42,977		2,125	Sunstone Hotel Investors Inc	214,245		3,580
ONEOK Inc	301,700		15,658	Unibail-Rodamco SE	41,772		10,676
Pembina Pipeline Corp	262,527		9,143	UNITE Group PLC/The	520,604		5,052
Phillips 66 Partners LP	254,634		11,932	Weyerhaeuser Co	606,067		21,443
Plains All American Pipeline LP	862,028		16,810			$	390,509
Shell Midstream Partners LP	465,048		12,580	Retail - 0.16%
Spectra Energy Partners LP	139,989		5,728	Gymboree Corp/The (a),(c),(d),(e)	17,842		357
Tallgrass Energy GP LP	61,415		1,388	Gymboree Corp/The (a),(d),(e)	48,577		971
Tallgrass Energy Partners LP	177,582		7,799	Lowe's Cos Inc	61,375		5,117
Targa Resources Corp	230,682		10,012			$	6,445
TransCanada Corp	536,087		25,712	Software - 0.13%
Valero Energy Partners LP	182,450		7,583	InterXion Holding NV (a)	86,851		5,014
Western Gas Partners LP	341,815		15,320
Williams Cos Inc/The	759,015		22,049	Storage & Warehousing - 0.07%
Williams Partners LP	274,642		10,079	Safestore Holdings PLC	415,985		2,627
		$	425,347
Real Estate - 2.40%				Telecommunications - 0.05%
ADO Properties SA (b)	176,893		9,145	Cellnex Telecom SA (b)	32,800		807
Aeon Mall Co Ltd	320,300		5,874	Eutelsat Communications SA	50,200		1,136
Aroundtown SA (a)	500,133		3,771			$	1,943
Deutsche Wohnen SE	349,829		15,483	Textiles - 0.13%
Entra ASA (b)	269,305		3,765	Mohawk Industries Inc (a)	18,845		5,326
Fabege AB	380,833		7,925
Hongkong Land Holdings Ltd	1,204,861		8,812	Transportation - 0.10%
Mitsui Fudosan Co Ltd	626,100		14,199	East Japan Railway Co	28,100		2,723
New World Development Co Ltd	9,837,000		14,295	Prumo Logistica SA (a)	432,620		1,454
Pope Resources a Delaware LP	73,271		5,202			$	4,177
Sun Hung Kai Properties Ltd	459,000		7,525	Water - 2.56%
		$	95,996	American States Water Co	41,657		2,403
REITs - 9.75%				American Water Works Co Inc	202,667		18,556
Agree Realty Corp	67,782		3,351	Aqua America Inc	201,951		7,672
Alexandria Real Estate Equities Inc	122,152		15,521	Beijing Enterprises Water Group Ltd	5,586,000		4,373
American Homes 4 Rent	620,476		13,328	California Water Service Group	54,535		2,487
American Tower Corp	151,233		21,767	Cia de Saneamento Basico do Estado de Sao	563,300		5,616
Apartment Investment & Management Co	93,664		4,130	Paulo ADR
Assura PLC	3,823,457		3,057	Cia de Saneamento do Parana (a)	174,740		2,829
Assura PLC - Rights (a),(d)	695,174		20	Connecticut Water Service Inc	13,158		833
AvalonBay Communities Inc	76,152		13,809	Guangdong Investment Ltd	3,873,700		5,218
CapitaLand Commercial Trust	2,268,400		3,183	Middlesex Water Co	18,572		857
CatchMark Timber Trust Inc	412,184		5,437	Pennon Group PLC	1,015,327		10,913
Crown Castle International Corp	143,827		16,253	Severn Trent PLC	380,427		10,803
CubeSmart	216,507		6,179	SJW Group	18,415		1,255
				Suez	474,152		8,736

See accompanying notes.

36

Consolidated Schedule of Investments Diversified Real Asset Fund November 30, 2017 (unaudited)

COMMON STOCKS (continued)	Shares Held		Value (000's)					Principal
Water (continued)						BONDS (continued)		Amount (000's)			Value (000's)
United Utilities Group PLC		775,153	$		8,605	Sovereign - 0.80%
Veolia Environnement SA		429,380			10,852	Canadian Government Real Return Bond
York Water Co/The		14,604			543	4.25%, 12/01/2026		$	1,416		1,481
			$		102,551	Italy Buoni Poliennali Del Tesoro
TOTAL COMMON STOCKS			$		2,113,004	1.25%, 10/27/2020		EUR	1,718		2,168
INVESTMENT COMPANIES - 2.50%	Shares Held		Value (000's)			1.65%, 04/23/2020			5,529		6,978
Exchange Traded Funds - 0.06%						2.55%, 09/15/2041			205		305
						2.70%, 03/01/2047(b)			1,270		1,455
Guggenheim S&P Global Water Index ETF		66,837			2,414
						Japanese Government CPI Linked Bond
Money Market Funds - 2.44%						0.10%, 09/10/2024		JPY	1,252,151		11,632
BlackRock Liquidity Funds FedFund Portfolio		9,173,046			9,173	New Zealand Government Bond
Cash Account Trust - Government & Agency	32,061,651				32,061	2.50%, 09/20/2040		NZD	1,099		824
Portfolio - Government Cash Managed						2.58%, 09/20/2035			2,831		2,200
First American Government Obligations Fund		1,768,818			1,769	3.14%, 09/20/2030			6,038		5,025
Goldman Sachs Financial Square Funds -	34,370,524				34,371					$	32,068
Government Fund						TOTAL BONDS				$	258,839
Morgan Stanley Institutional Liquidity Funds -		9,862,388			9,862	COMMODITY INDEXED		Principal
Government Portfolio						STRUCTURED NOTES - 0.53%		Amount (000's)			Value (000's)
Wells Fargo Advantage Government Money	10,350,707				10,351	Banks - 0.53%
Market Fund						Royal Bank of Canada; Dow Jones - UBS
			$		97,587	Commodity Index Linked Note
TOTAL INVESTMENT COMPANIES			$		100,001	1.12%, 03/12/2018(b),(h)		$	4,200		4,166
						1.12%, 03/12/2018(b),(h)			17,000		16,736
	Principal
BONDS - 6.46%	Amount (000's)		Value (000's)							$	20,902
Federal & Federally Sponsored Credit - 2.50%						TOTAL COMMODITY INDEXED STRUCTURED NOTES				$	20,902
Federal Farm Credit Banks								Principal
1.14%, 06/18/2019(f)	$	8,000		$	8,001	CONVERTIBLE BONDS - 0.01%		Amount (000's)			Value (000's)
US Federal Funds Effective Rate + (0.03)%						Oil & Gas - 0.01%
1.17%, 10/10/2019(f)		28,500			28,492	Vantage Drilling International
Federal Reserve Prime Loan Rate + (3.08)%						1.00%, PIK 1.00%, 12/31/2030(d),(h),(i)			272		272
1.18%, 09/25/2019(f)		5,800			5,800
Federal Reserve Prime Loan Rate + (3.08)%						TOTAL CONVERTIBLE BONDS				$	272
1.26%, 01/23/2019(f)		8,500			8,504	SENIOR FLOATING RATE INTERESTS -		Principal
1 Month LIBOR + (0.05)%						19.33	%	Amount (000's)			Value (000's)
1.38%, 08/01/2018(f)		8,500			8,514	Advertising - 0.27%
1 Month LIBOR + 0.14%						Advantage Sales & Marketing Inc, Term Loan
1.38%, 06/19/2019(f)		25,000			24,989	B
3 Month Treasury Bill Index + 0.09%						4.63%, 07/23/2021(j)		$	1,990	$	1,931
1.39%, 01/25/2019(f)		16,000			16,006	US LIBOR + 3.25%
3 Month Treasury Bill Index + 0.10%						Affinion Group Inc, Term Loan
			$		100,306	9.16%, 03/31/2022(j)			2,736		2,799
Finance - Mortgage Loan/Banker - 3.15%						US LIBOR + 7.75%
Fannie Mae						Checkout Holding Corp, Term Loan B
1.20%, 02/25/2019(f)		25,000			24,796	4.85%, 04/03/2021(j)			1,671		1,300
1.24%, 03/08/2019(f)		4,200			4,203	US LIBOR + 3.50%
1 Month LIBOR + 0.00%						Getty Images Inc, Term Loan B
1.30%, 04/29/2019(f)		9,200			9,129	4.83%, 10/03/2019(j)			3,500		3,040
1.34%, 02/28/2019(f)		4,000			4,003	US LIBOR + 3.50%
1 Month LIBOR + 0.00%						Red Ventures LLC, Term Loan B
Federal Home Loan Banks						5.33%, 10/18/2024(j)			1,750		1,741
1.16%, 03/13/2019(f)		8,000			7,998	US LIBOR + 4.00%
1 Month LIBOR + (0.09)%										$	10,811
1.20%, 09/20/2018(f)		10,000			10,005	Aerospace & Defense - 0.28%
3 Month LIBOR + (0.12)%						Sequa Mezzanine Holdings LLC, Term Loan
1.25%, 01/16/2019(f)		7,500			7,458	10.37%, 04/28/2022(j)			1,621		1,640
1.32%, 03/08/2018(f)		10,000			10,006	US LIBOR + 9.00%
3 Month LIBOR + 0.00%						Sequa Mezzanine Holdings LLC, Term Loan
1.55%, 08/28/2019(f)		12,000			11,920	B
Freddie Mac						6.87%, 10/28/2021(j)			4,697		4,727
1.34%, 03/08/2018(f)		18,400			18,412	US LIBOR + 5.50%
3 Month LIBOR + 0.04%						TransDigm Inc, Term Loan D
1.60%, 07/26/2019(f)		7,800			7,768	4.33%, 05/21/2021(j)			4,806		4,809
Freddie Mac Discount Notes						US LIBOR + 3.00%
1.08%, 02/05/2018(f),(g)		9,600			9,581					$	11,176
1.10%, 02/02/2018(g)		800			798	Airlines - 0.37%
			$		126,077	American Airlines Inc, Term Loan B
Media - 0.01%						3.24%, 12/14/2023 (j)			2,185		2,182
iHeartCommunications Inc						US LIBOR + 2.00%
9.00%, 12/15/2019		523			388	3.25%, 10/10/2021(j)			3,112		3,111
						US LIBOR + 2.00%
						3.33%, 06/26/2020(j)			3,865		3,865
						US LIBOR + 2.00%

See accompanying notes.

37

Consolidated Schedule of Investments Diversified Real Asset Fund November 30, 2017 (unaudited)

SENIOR FLOATING RATE INTERESTS		Principal			SENIOR FLOATING RATE INTERESTS		Principal
(continued)		Amount (000's) Value (000's)			(continued)		Amount (000's) Value (000's)
Airlines (continued)					Commercial Services (continued)
American Airlines Inc, Term Loan					Gartner Inc, Term Loan A
B (continued)					3.35%, 03/21/2022(j)	$	1,238	$	1,242
3.35%, 04/28/2023(j)	$	2,475	$	2,476	US LIBOR + 2.00%
US LIBOR + 2.00%					Gartner Inc, Term Loan B
Delta Air Lines Inc, Term Loan B1					3.34%, 03/15/2024(j)		746		750
3.76%, 10/18/2018(j)		3,021		3,031	US LIBOR + 2.00%
US LIBOR + 2.50%					INC Research Holdings Inc, Term Loan B
		$		14,665	3.60%, 06/28/2024(j)		3,261		3,262
Automobile Manufacturers - 0.07%					US LIBOR + 2.25%
FCA US LLC, Term Loan B					KAR Auction Services Inc, Term Loan B5
3.29%, 12/05/2018(j)		2,897		2,904	3.87%, 03/09/2023(j)		774		778
US LIBOR + 2.00%					US LIBOR + 2.50%
					Laureate Education Inc, Term Loan
Automobile Parts & Equipment - 0.03%					5.85%, 04/19/2024(j)		2,985		3,005
Allison Transmission Inc, Term Loan B					Monitronics International Inc, Term Loan B2
3.35%, 09/23/2022(j)		1,112		1,119	6.83%, 09/30/2022(j)		2,277		2,231
US LIBOR + 2.50%					US LIBOR + 5.50%
					PAREXEL International Corp, Term Loan B
Beverages - 0.08%					4.35%, 08/09/2024(j)		750		754
Jacobs Douwe Egberts International BV, Term					US LIBOR + 3.00%
Loan B					Prime Security Services Borrower LLC, Term
3.69%, 07/02/2022(j)		3,018		3,028	Loan B
US LIBOR + 2.25%					4.10%, 05/02/2022(j)		2,447		2,464
					US LIBOR + 2.75%
Biotechnology - 0.15%					Syniverse Holdings Inc, Term Loan B
Concordia International Corp, Term Loan B					4.31%, 04/23/2019(j)		5,115		5,035
5.48%, 10/21/2021(j)		7,527		6,026	US LIBOR + 3.00%
US LIBOR + 4.25%					4.33%, 04/23/2019(j)		2,955		2,909
					US LIBOR + 3.00%
Building Materials - 0.10%					WEX Inc, Term Loan B
Quikrete Holdings Inc, Term Loan B					4.10%, 06/30/2023(j)		1,185		1,193
4.08%, 11/03/2023(j)		3,970		3,978	US LIBOR + 2.75%
US LIBOR + 2.75%							$		31,402
					Computers - 1.18%
Chemicals - 0.15%					Conduent Business Services LLC, Term Loan
Alpha 3 BV, Term Loan B1					B
4.33%, 01/31/2024(j)		1,995		2,007	4.35%, 12/07/2023(j)		2,245		2,258
US LIBOR + 3.00%					US LIBOR + 4.00%
Duke Finance LLC, Term Loan					CSRA Inc, Term Loan B
5.58%, 02/21/2024(j)		1,474		1,485	3.33%, 11/30/2023(j)		1,242		1,245
US LIBOR + 4.25%					US LIBOR + 3.00%
INEOS US Finance LLC, Term Loan B					Dell International LLC, Term Loan A2
3.35%, 03/31/2024(j)		240		240	3.09%, 09/07/2021(j)		5,005		5,002
US LIBOR + 2.00%					US LIBOR + 1.75%
Minerals Technologies Inc, Term Loan B2					Dell International LLC, Term Loan A3
4.75%, 05/09/2021(j)		1,305		1,318	2.85%, 12/31/2018(j)		2,796		2,795
Tronox Blocked Borrower LLC, Term Loan					US LIBOR + 1.50%
B					Dell International LLC, Term Loan B
4.32%, 09/13/2024(j)		302		305	3.35%, 09/07/2023(j)		13,881		13,885
US LIBOR + 3.00%					US LIBOR + 2.00%
Tronox Finance LLC, Term Loan B					iQor US Inc, Term Loan B
4.32%, 09/13/2024(j)		698		703	6.34%, 04/01/2021(j)		2,692		2,679
US LIBOR + 3.00%					US LIBOR + 5.00%
		$		6,058	McAfee LLC, Term Loan
Coal - 0.05%					5.83%, 09/30/2024(j)		3,500		3,515
Peabody Energy Corp, Term Loan B					9.83%, 09/26/2025(j)		750		758
4.85%, 03/31/2022(j)		2,086		2,104	US LIBOR + 8.50%
US LIBOR + 3.50%					NeuStar Inc, Term Loan B2
					5.15%, 03/01/2024(j)		1,750		1,766
Commercial Services - 0.78%					US LIBOR + 3.75%
Allied Universal Holdco LLC, Term Loan					Optiv Security Inc, Term Loan
5.08%, 07/27/2022(j)		1,676		1,665	4.62%, 02/01/2024(j)		1,928		1,836
US LIBOR + 3.75%					US LIBOR + 3.25%
Camelot Finance LP, Term Loan					Peak 10 Holding Corp, Term Loan
4.54%, 10/03/2023(j)		2,970		2,978	4.82%, 07/24/2024(j)		1,500		1,502
US LIBOR + 3.25%					8.63%, 07/24/2025(j)		750		758
Ceridian HCM Holding Inc, Term Loan B2					Tempo Acquisition LLC, Term Loan B
4.81%, 09/15/2020(j)		1,207		1,207	4.24%, 05/01/2024(j)		1,995		1,991
US LIBOR + 3.50%					US LIBOR + 3.00%
Concentra Inc, Term Loan B
4.32%, 06/01/2022(j)		1,918		1,929
US LIBOR + 3.00%

See accompanying notes.

38

Consolidated Schedule of Investments
Diversified Real Asset Fund
November 30, 2017 (unaudited)
SENIOR FLOATING RATE INTERESTS		Principal			SENIOR FLOATING RATE INTERESTS		Principal
(continued)		Amount (000's)    Value (000's)			(continued)		Amount (000's) Value (000's)
Computers (continued)					Electric (continued)
TierPoint LLC, Term Loan B					Vistra Operations Co LLC, Term Loan C
5.10%, 04/26/2024(j)	$	1,995	$	1,988	4.08%, 08/04/2023(j)	$	2,359	$	2,368
US LIBOR + 3.75%					US LIBOR + 2.75%
Western Digital Corp, Term Loan B3							$		27,141
3.31%, 04/29/2023(j)		5,343		5,356	Electronics - 0.03%
US LIBOR + 2.00%					TTM Technologies Inc, Term Loan
		$		47,334	3.85%, 09/13/2024(j)		1,186		1,190
Consumer Products - 0.06%					US LIBOR + 2.50%
Prestige Brands Inc, Term Loan B4
4.06%, 01/20/2024(j)		974		979	Engineering & Construction - 0.10%
US LIBOR + 2.75%					Brand Industrial Services Inc, Term Loan
Spectrum Brands Inc, Term Loan B					5.61%, 06/14/2024(j)		2,779		2,790
3.37%, 06/23/2022(j)		1,571		1,579	US LIBOR + 4.25%
US LIBOR + 2.00%					Engility Corp, Term Loan B2
		$		2,558	4.60%, 08/12/2023(j)		1,378		1,389
Cosmetics & Personal Care - 0.13%					US LIBOR + 3.25%
Coty Inc, Term Loan A							$		4,179
2.99%, 10/27/2020(j)		2,643		2,636	Entertainment - 0.72%
US LIBOR + 1.50%					CCM Merger Inc, Term Loan B
Revlon Consumer Products Corp, Term Loan					4.10%, 08/08/2021(j)		1,229		1,233
B					US LIBOR + 2.75%
4.96%, 07/21/2023(j)		3,340		2,522	CEOC LLC, Term Loan B-EXIT
US LIBOR + 3.50%					3.82%, 04/04/2024(j)		2,260		2,259
		$		5,158	US LIBOR + 2.50%
Distribution & Wholesale - 0.15%					Delta 2 Lux Sarl, Term Loan B
Univar USA Inc, Term Loan B					4.35%, 02/01/2024(j)		9,332		9,379
0.00%, 07/01/2024(j),(k)		6,059		6,074	US LIBOR + 3.00%
US LIBOR + 2.50%					Lions Gate Entertainment Corp, Term Loan
					B
Diversified Financial Services - 0.40%					4.24%, 10/13/2023(j)		925		925
Capital Automotive LP, Term Loan					Scientific Games International Inc, Term Loan
7.25%, 03/21/2025(j)		2,669		2,735	B4
US LIBOR + 6.00%					4.66%, 08/14/2024(j)		11,164		11,260
Capital Automotive LP, Term Loan B2					US LIBOR + 3.25%
3.85%, 03/21/2024(j)		4,611		4,620	William Morris Endeavor Entertainment LLC,
US LIBOR + 2.50%					Term Loan B
Vantiv LLC, Term Loan B1					4.64%, 05/06/2021(j)		2,575		2,580
0.00%, 08/07/2024(j),(k)		329		330	US LIBOR + 3.25%
US LIBOR + 2.00%					WMG Acquisition Corp, Term Loan D
Vantiv LLC, Term Loan B4					3.83%, 11/01/2023(j)		1,192		1,192
3.25%, 08/07/2024(j)		1,171		1,176	US LIBOR + 2.50%
US LIBOR + 2.00%							$		28,828
Walter Investment Management Corp, Term					Environmental Control - 0.23%
Loan					Advanced Disposal Services Inc, Term Loan
0.00%, 12/11/2020(a),(j)		7,757		7,214	3.45%, 11/10/2023(j)		6,007		6,010
US LIBOR + 3.75%					Core & Main LP, Term Loan B
		$		16,075	4.45%, 07/19/2024(j)		1,750		1,760
Electric - 0.68%					US LIBOR + 3.00%
Calpine Corp, Term Loan B5					Robertshaw US Holding Corp, Term Loan
4.09%, 01/15/2024(j)		1,609		1,610	5.75%, 08/02/2024(j)		1,250		1,258
US LIBOR + 2.75%					US LIBOR + 4.50%
Calpine Corp, Term Loan B7							$		9,028
4.09%, 05/05/2023(j)		2,865		2,867	Food - 0.78%
US LIBOR + 2.75%					Albertson's LLC, Term Loan B4
Dayton Power & Light Co/The, Term Loan B					4.10%, 08/25/2021(j)		11,234		10,904
4.60%, 08/19/2022(j)		2,630		2,635	US LIBOR + 2.75%
US LIBOR + 3.25%					Albertson's LLC, Term Loan B5
Dynegy Inc, Term Loan C1					4.33%, 12/21/2022(j)		1,995		1,938
4.60%, 06/27/2023(j)		620		624	US LIBOR + 3.00%
US LIBOR + 3.25%					Albertson's LLC, Term Loan B6
Energy Future Intermediate Holding Co LLC,					4.46%, 06/22/2023(j)		4,256		4,133
DIP Term Loan					US LIBOR + 3.00%
4.35%, 06/28/2018(j)		3,726		3,737	Chobani LLC, Term Loan B
US LIBOR + 3.00%					4.74%, 10/07/2023(j)		2,406		2,430
Vistra Operations Co LLC, Term Loan B					US LIBOR + 3.50%
4.10%, 08/04/2023(j)		10,264		10,305	Moran Foods LLC, Term Loan B
US LIBOR + 2.75%					7.24%, 12/01/2023(j)		888		702
Vistra Operations Co LLC, Term Loan B2					US LIBOR + 6.00%
4.03%, 12/13/2023(j)		2,978		2,995	Pinnacle Foods Finance LLC, Term Loan B
US LIBOR + 2.75%					3.24%, 01/30/2024(j)		3,055		3,072
					US LIBOR + 2.00%

See accompanying notes.

39

Consolidated Schedule of Investments
Diversified Real Asset Fund
November 30, 2017 (unaudited)
SENIOR FLOATING RATE INTERESTS		Principal			SENIOR FLOATING RATE INTERESTS		Principal
(continued)		Amount (000's)    Value (000's)			(continued)		Amount (000's) Value (000's)
Food (continued)					Healthcare - Services (continued)
SUPERVALU Inc, Delay-Draw Term Loan B-					Tennessee Merger Sub Inc, Term Loan
DD					3.99%, 02/06/2024(j)	$	940	$	918
4.74%, 06/02/2024(j)	$	107	$	103			$		31,951
US LIBOR + 3.50%					Holding Companies - Diversified - 0.07%
SUPERVALU Inc, Term Loan B					Travelport Finance Luxembourg Sarl, Term
4.74%, 06/02/2024(j)		178		171	Loan D
US LIBOR + 3.50%					4.17%, 09/02/2021(j)		2,782		2,778
US Foods Inc, Term Loan					US LIBOR + 2.75%
0.00%, 06/27/2023(j),(k)		7,627		7,666
		$		31,119	Insurance - 0.21%
Gas - 0.00%					Acrisure LLC, Term Loan B
Southcross Holdings Borrower LP, Term Loan					5.52%, 11/22/2023(j)		1,493		1,505
B					US LIBOR + 4.25%
4.50%, PIK 5.50%, 04/13/2023(c),(i),(j)		35		35	Alliant Holdings Intermediate LLC, Term
					Loan
Healthcare - Products - 0.27%					4.84%, 08/14/2022(j)		2,810		2,821
Carestream Health Inc, Term Loan					US LIBOR + 3.25%
9.83%, 12/15/2019(j)		565		553	HUB International Ltd, Term Loan B
US LIBOR + 8.50%					4.41%, 10/02/2020(j)		4,146		4,163
Carestream Health Inc, Term Loan B					US LIBOR + 3.25%
5.33%, 06/05/2019(j)		2,445		2,448			$		8,489
US LIBOR + 4.00%					Internet - 0.22%
ConvaTec Inc, Term Loan					Ancestry.com Operations Inc, Term Loan B
3.58%, 10/13/2023(j)		3,138		3,147	4.50%, 10/19/2023(j)		2,376		2,387
DJO Finance LLC, Term Loan B					US LIBOR + 3.25%
4.59%, 06/24/2020(j)		1,711		1,693	TIBCO Software Inc, Term Loan B
US LIBOR + 3.25%					4.85%, 12/04/2020(j)		6,483		6,494
Kinetic Concepts Inc, Term Loan B					US LIBOR + 3.50%
4.58%, 02/02/2024(j)		2,892		2,881			$		8,881
US LIBOR + 3.25%					Investment Companies - 0.10%
		$		10,722	AI Mistral Luxembourg Subco Sarl, Term
Healthcare - Services - 0.80%					Loan B
Air Medical Group Holdings Inc, Term Loan					4.24%, 01/17/2024(j)		995		991
B					US LIBOR + 3.00%
0.00%, 09/26/2024(j),(k)		2,500		2,512	RPI Finance Trust, Term Loan B6
US LIBOR + 4.25%					3.33%, 03/27/2023(j)		2,976		2,988
Ardent Legacy Acquisitions Inc, Term Loan					US LIBOR + 2.00%
B							$		3,979
6.83%, 08/04/2021(j)		240		239	Leisure Products & Services - 0.18%
US LIBOR + 5.50%					Intrawest Resorts Holdings Inc, Term Loan
CHS/Community Health Systems Inc, Term					B1
Loan G					4.60%, 06/28/2024(j)		1,763		1,775
4.23%, 12/13/2019(j)		1,934		1,880	US LIBOR + 3.25%
US LIBOR + 2.75%					Life Time Fitness Inc, Term Loan B
CHS/Community Health Systems Inc, Term					4.07%, 06/10/2022(j)		2,252		2,253
Loan H					US LIBOR + 2.75%
4.48%, 01/14/2021(j)		2,497		2,389	Planet Fitness Holdings LLC, Term Loan B
US LIBOR + 3.00%					4.35%, 03/31/2021(j)		2,223		2,234
HCA Inc, Term Loan					US LIBOR + 3.50%
3.35%, 03/17/2023(j)		4,685		4,699	Sabre GLBL Inc, Term Loan B
3.60%, 02/15/2024(j)		4,966		4,994	3.60%, 02/22/2024(j)		979		983
Heartland Dental LLC, Term Loan					US LIBOR + 2.25%
6.05%, 07/26/2023(j)		3,053		3,093			$		7,245
US LIBOR + 4.75%					Leisure Time - 0.03%
Jaguar Holding Co II, Term Loan					Equinox Holdings Inc, Term Loan
4.04%, 08/18/2022(j)		6,289		6,298	0.00%, 03/08/2024(j),(k)		1,045		1,052
US LIBOR + 2.75%
MPH Acquisition Holdings LLC, Term Loan					Lodging - 0.37%
B					Boyd Gaming Corp, Term Loan B
4.33%, 05/25/2023(j)		1,876		1,877	3.70%, 09/15/2023(j)		2,707		2,718
US LIBOR + 3.00%					US LIBOR + 2.50%
New Millennium Holdco Inc, Term Loan
7.85%, 12/21/2020(j)		1,106		433	Caesars Growth Properties Holdings LLC,
					Term Loan
US LIBOR + 6.50%					0.00%, 10/02/2024(j),(k)		5,000		5,025
Quorum Health Corp, Term Loan					CityCenter Holdings LLC, Term Loan B
8.07%, 04/29/2022(j)		649		651	3.85%, 04/18/2024(j)		3,819		3,835
US LIBOR + 6.75%					US LIBOR + 2.50%
Select Medical Corp, Term Loan B
4.85%, 02/13/2024(j)		1,949		1,968	Hilton Worldwide Finance LLC, Term Loan
					B2
US LIBOR + 3.50%					3.33%, 10/25/2023(j)		3,312		3,328
					US LIBOR + 2.00%
							$		14,906

See accompanying notes.

40

Consolidated Schedule of Investments
Diversified Real Asset Fund
November 30, 2017 (unaudited)
SENIOR FLOATING RATE INTERESTS		Principal			SENIOR FLOATING RATE INTERESTS		Principal
(continued)		Amount (000's)    Value (000's)			(continued)		Amount (000's) Value (000's)
Machinery - Construction & Mining - 0.05%					Media (continued)
North American Lifting Holdings Inc, Term					Mission Broadcasting Inc, Term Loan B2
Loan					3.74%, 01/17/2024(j)	$	478	$	480
5.83%, 11/26/2020(j)	$	1,021	$	955	US LIBOR + 2.50%
US LIBOR + 4.50%					Nexstar Broadcasting Inc, Term Loan B2
Vertiv Group Corp, Term Loan B					3.74%, 01/17/2024(j)		3,789		3,799
5.35%, 11/30/2023(j)		903		907	US LIBOR + 2.50%
US LIBOR + 4.00%					Nielsen Finance LLC, Term Loan B4
		$		1,862	3.24%, 10/04/2023(j)		2,985		2,996
Machinery - Diversified - 0.50%					US LIBOR + 2.00%
Columbus McKinnon Corp/NY, Term Loan					Springer Science+Business Media GmbH,
4.33%, 01/19/2024(j)		1,821		1,833	Term Loan B13
Gardner Denver Inc, Term Loan B1					0.00%, 08/14/2022(j),(k)		1,727		1,733
4.08%, 07/30/2024(j)		7,308		7,331	US LIBOR + 3.50%
US LIBOR + 2.75%					Tribune Media Co, Term Loan C
NN Inc, Term Loan					4.35%, 01/26/2024(j)		4,553		4,560
4.54%, 04/02/2021(j)		2,728		2,737	US LIBOR + 3.00%
5.04%, 10/19/2022(j)		1,384		1,391	UPC Financing Partnership, Term Loan AR
RBS Global Inc, Term Loan B					3.75%, 01/15/2026(j)		5,522		5,526
4.09%, 08/21/2023(j)		2,450		2,451	US LIBOR + 2.50%
US LIBOR + 2.75%					WideOpenWest Finance LLC, Term Loan B
Zebra Technologies Corp, Term Loan B					4.53%, 08/18/2023(j)		2,831		2,804
3.37%, 10/27/2021(j)		2,595		2,603	US LIBOR + 3.25%
US LIBOR + 2.00%					Ziggo Secured Finance Partnership, Term
Zodiac Pool Solutions LLC, Term Loan					Loan E
5.33%, 12/20/2023(j)		1,737		1,741	3.75%, 04/15/2025(j)		5,150		5,119
US LIBOR + 4.00%					US LIBOR + 2.50%
		$		20,087			$		88,983
Media - 2.22%					Miscellaneous Manufacturers - 0.10%
Altice Financing SA, Term Loan					Gates Global LLC, Term Loan B2
4.11%, 07/15/2025(j)		2,985		2,913	4.39%, 04/01/2024(j)		4,192		4,213
Altice US Finance I Corp, Term Loan B					US LIBOR + 3.00%
3.60%, 07/28/2025(j)		5,773		5,727
US LIBOR + 2.25%					Oil & Gas - 0.29%
CBS Radio Inc, Term Loan B1					BCP Raptor LLC, Term Loan
4.17%, 03/02/2024(j)		1,353		1,361	5.70%, 06/22/2024(j)		1,995		2,009
US LIBOR + 2.75%					US LIBOR + 4.25%
4.17%, 03/15/2024(j)		1,825		1,837	California Resources Corp, Term Loan
US LIBOR + 2.75%					0.00%, 11/14/2022(j),(k)		1,000		983
Charter Communications Operating LLC,					11.66%, 12/31/2021(j)		1,750		1,890
Term Loan F					Fieldwood Energy LLC, Term Loan
3.35%, 01/03/2021(j)		3,449		3,458	8.33%, 08/31/2020(j)		2,918		2,568
US LIBOR + 2.00%					US LIBOR + 7.00%
Charter Communications Operating LLC,					8.46%, 09/17/2020(j)		3,553		2,463
Term Loan I					US LIBOR + 7.13%
3.60%, 01/15/2024(j)		6,702		6,730	8.46%, 09/20/2020(j)		884		307
US LIBOR + 2.25%					US LIBOR + 7.13%
Cumulus Media Holdings Inc, Term Loan B					Fieldwood Energy LLC, Term Loan B
4.60%, 12/18/2020(j)		8,056		6,958	4.21%, 09/28/2018(j)		511		491
US LIBOR + 3.25%					US LIBOR + 2.88%
Gray Television Inc, Term Loan B2					Seadrill Operating LP, Term Loan B
3.50%, 02/02/2024(j)		592		595	4.33%, 02/12/2021(j)		1,052		809
US LIBOR + 2.50%					US LIBOR + 3.00%
Houghton Mifflin Harcourt Publishers Inc,							$		11,520
Term Loan B					Packaging & Containers - 0.36%
4.35%, 05/11/2021(j)		3,153		2,924	Berry Global Inc, Term Loan N
US LIBOR + 3.00%					3.50%, 01/19/2024(j)		2,488		2,494
iHeartCommunications Inc, Term Loan D-					US LIBOR + 2.25%
EXT					Reynolds Group Holdings Inc, Term Loan B
8.08%, 01/22/2019(j)		30,305		22,830	3.99%, 02/05/2023(j)		11,484		11,535
US LIBOR + 6.75%					US LIBOR + 2.75%
iHeartCommunications Inc, Term Loan E					SIG Combibloc PurchaseCo Sarl, Term Loan
8.83%, 07/30/2019(j)		3,386		2,535	B
US LIBOR + 7.50%					4.35%, 02/03/2022(j)		225		226
McGraw-Hill Global Education Holdings							$		14,255
LLC, Term Loan					Pharmaceuticals - 0.69%
5.35%, 05/02/2022(j)		3,609		3,611	Catalent Pharma Solutions Inc, Term Loan B
US LIBOR + 4.00%					3.49%, 05/20/2021(j)		4,897		4,919
Mediacom Illinois LLC, Term Loan K					US LIBOR + 2.25%
3.46%, 02/15/2024(j)		486		487	Change Healthcare Holdings LLC, Term Loan
US LIBOR + 2.25%					B
					4.10%, 03/01/2024(j)		13,930		13,961
					US LIBOR + 2.75%

See accompanying notes.

41

Consolidated Schedule of Investments
Diversified Real Asset Fund
November 30, 2017 (unaudited)
SENIOR FLOATING RATE INTERESTS		Principal			SENIOR FLOATING RATE INTERESTS		Principal
(continued)		Amount (000's)     Value (000's)			(continued)		Amount (000's) Value (000's)
Pharmaceuticals (continued)					Retail (continued)
Grifols Worldwide Operations USA Inc, Term					Toys R Us - Delaware Inc, DIP Term Loan
Loan B					FILO
3.45%, 01/31/2025(j)	$	5,970	$	5,985	3.50%, 04/26/2024(j)	$	21,889	$	21,900
US LIBOR + 2.25%					US LIBOR + 6.75%
PharMerica Corp, Term Loan							$		68,804
0.00%, 09/26/2024(j),(k)		2,000		2,011	Semiconductors - 0.19%
Valeant Pharmaceuticals International Inc,					Bright Bidco BV, Term Loan B
Term Loan BF1					5.84%, 03/15/2024(j)		1,717		1,732
4.75%, 04/01/2022(j)		257		261	US LIBOR + 4.50%
US LIBOR + 4.75%					Cavium Inc, Term Loan B1
Vizient Inc, Term Loan B3					3.60%, 08/16/2022(j)		3,055		3,055
4.85%, 02/13/2023(j)		645		647	US LIBOR + 2.25%
US LIBOR + 3.50%					Microsemi Corp, Term Loan B
		$		27,784	3.59%, 01/13/2023(j)		1,215		1,218
Pipelines - 0.08%					US LIBOR + 2.00%
BCP Renaissance Parent LLC, Term Loan B					ON Semiconductor Corp, Term Loan B
5.38%, 09/19/2024(j)		1,455		1,468	0.00%, 03/31/2023(j),(k)		1,591		1,596
US LIBOR + 4.00%					US LIBOR + 2.00%
Traverse Midstream Partners LLC, Term							$		7,601
Loan					Shipbuilding - 0.01%
5.33%, 09/21/2024(j)		1,822		1,838	Drillship Kithira Owners Inc, Term Loan
		$		3,306	EXIT
Real Estate - 0.04%					8.00%, 09/24/2020(j)		283		286
Realogy Group LLC, Term Loan B
3.60%, 07/20/2022(j)		1,495		1,501	Software - 2.00%
US LIBOR + 2.25%					Almonde Inc, Term Loan
					8.73%, 04/28/2025(j)		200		199
REITs - 0.16%					US LIBOR + 7.25%
Uniti Group LP, Term Loan B					Blackboard Inc, Term Loan B4
4.35%, 10/24/2022(j)		6,849		6,588	6.35%, 06/30/2021(j)		2,837		2,762
US LIBOR + 3.00%					US LIBOR + 5.00%
					BMC Software Finance Inc, Term Loan
Retail - 1.72%					5.10%, 09/10/2022(j)		6,430		6,436
1011778 BC ULC, Term Loan B					US LIBOR + 4.00%
3.59%, 02/16/2024(j)		9,986		9,980	Cengage Learning Inc, Term Loan B
US LIBOR + 2.25%					5.50%, 06/07/2023(j)		7,832		7,449
Academy Ltd, Term Loan B					US LIBOR + 4.25%
5.31%, 07/01/2022(j)		855		685	Compuware Corp, Term Loan B3
US LIBOR + 4.00%					5.63%, 12/15/2021(j)		6,494		6,554
Belk Inc, Term Loan B					US LIBOR + 4.25%
6.10%, 12/12/2022(j)		1,190		952	Digicert Holdings Inc, Term Loan
US LIBOR + 4.75%					6.13%, 09/20/2024(j)		1,500		1,518
BJ's Wholesale Club Inc, Term Loan B					US LIBOR + 4.75%
4.99%, 01/26/2024(j)		1,372		1,350	DTI Holdco Inc, Term Loan B
US LIBOR + 3.75%					6.63%, 09/30/2023(j)		1,683		1,675
Dollar Tree Inc, Term Loan B2					US LIBOR + 5.25%
4.19%, 05/26/2022(j)		6,800		6,859	Evergreen Skills Lux Sarl, Term Loan
Hudson's Bay Co, Term Loan B					5.99%, 04/23/2021(j)		5,569		5,336
4.72%, 09/30/2022(j)		1,352		1,329	US LIBOR + 4.75%
US LIBOR + 3.75%					9.49%, 04/28/2022(j)		804		704
Petco Animal Supplies Inc, Term Loan B1					US LIBOR + 8.25%
4.38%, 01/26/2023(j)		4,989		3,923	First Data Corp, Term Loan
US LIBOR + 3.00%					3.56%, 07/08/2022(j)		3,241		3,241
PetSmart Inc, Term Loan B					US LIBOR + 2.25%
4.34%, 03/11/2022(j)		3,619		3,116	Greeneden US Holdings II LLC, Term Loan
US LIBOR + 3.00%					B
Rite Aid Corp, Term Loan 1					5.01%, 12/01/2023(j)		4,665		4,689
5.96%, 07/07/2020(j)		3,950		3,962	US LIBOR + 3.75%
US LIBOR + 4.75%					Infor US Inc, Term Loan B6
Rite Aid Corp, Term Loan 2					4.08%, 02/01/2022(j)		4,955		4,948
5.09%, 06/11/2021(j)		12,350		12,365	US LIBOR + 2.75%
US LIBOR + 3.88%					Informatica LLC, Term Loan B
Serta Simmons Bedding LLC, Term Loan					4.83%, 08/05/2022(j)		1,178		1,180
4.85%, 10/20/2023(j)		2,469		2,383	US LIBOR + 3.50%
US LIBOR + 3.50%					Kronos Inc/MA, Term Loan B
					4.90%, 11/01/2023(j)		1,787		1,795
					US LIBOR + 3.50%
					LANDesk Software Group Inc, Term Loan
					5.60%, 01/20/2024(j)		2,488		2,406
					MA FinanceCo LLC, Term Loan B
					4.06%, 04/19/2024(j)		1,032		1,033
					US LIBOR + 2.75%

See accompanying notes.

42

Consolidated Schedule of Investments Diversified Real Asset Fund November 30, 2017 (unaudited)

SENIOR FLOATING RATE INTERESTS		Principal			SENIOR FLOATING RATE INTERESTS	Principal
(continued)		Amount (000's) Value (000's)			(continued)	Amount (000's) Value (000's)
Software (continued)					Telecommunications (continued)
MA FinanceCo LLC, Term Loan B2					Windstream Services LLC, Term Loan B6
3.85%, 11/19/2021(j)	$	841	$	841	5.27%, 03/29/2021(j)	$	1,330	$	1,251
US LIBOR + 2.50%					US LIBOR + 4.00%
Rackspace Hosting Inc, Term Loan								$	63,842
4.38%, 11/03/2023(j)		2,806		2,801	Transportation - 0.11%
RP Crown Parent LLC, Term Loan B					CEVA Group PLC, Term Loan
4.35%, 10/12/2023(j)		2,978		2,995	6.50%, 03/19/2021(j)		371		353
US LIBOR + 3.50%					6.88%, 03/12/2021(j)		521		495
Seattle SpinCo Inc, Term Loan					US LIBOR + 5.50%
4.06%, 04/19/2024(j)		6,968		6,979	6.88%, 03/19/2021(j)		65		62
Sophia LP, Term Loan B					US LIBOR + 5.50%
4.58%, 09/30/2022(j)		4,964		4,961	CEVA Intercompany BV, Term Loan
US LIBOR + 3.25%					6.88%, 03/19/2021(j)		378		359
SS&C European Holdings Sarl, Term Loan					US LIBOR + 5.50%
B2					Commercial Barge Line Co, Term Loan B
3.60%, 07/08/2022(j)		176		177	10.10%, 11/12/2020(j)		925		560
US LIBOR + 2.25%					US LIBOR + 8.75%
SS&C Technologies Inc, Term Loan B1					HGIM Corp, Term Loan B
3.60%, 07/08/2022(j)		4,057		4,082	0.00%, 06/18/2020(a),(j)		2,165		780
US LIBOR + 2.25%					US LIBOR + 4.50%
Veritas US Inc, Term Loan B1					XPO Logistics Inc, Term Loan B
5.83%, 01/27/2023(j)		5,366		5,365	3.60%, 11/01/2021(j)		1,644		1,652
US LIBOR + 4.50%					US LIBOR + 2.25%
		$		80,126				$	4,261
Telecommunications - 1.59%					Trucking & Leasing - 0.18%
Avaya Inc, DIP Term Loan					Avolon TLB Borrower 1 US LLC, Term Loan
8.73%, 01/23/2018(j)		2,019		2,018	B2
US LIBOR + 7.50%					3.53%, 04/03/2022(j)		7,073		7,074
Avaya Inc, Term Loan					US LIBOR + 2.25%
0.00%, 11/08/2024(j),(k)		5,600		5,521
Avaya Inc, Term Loan B3					TOTAL SENIOR FLOATING RATE INTERESTS			$	774,086
5.82%, 01/26/2018(j)		2,259		1,718	U.S. GOVERNMENT & GOVERNMENT	Principal
US LIBOR + 4.50%					AGENCY OBLIGATIONS - 17.97%	Amount (000's)		Value (000's)
Avaya Inc, Term Loan B6					U.S. Treasury - 3.21%
6.81%, 03/31/2018(j)		3,621		2,764	1.34%, 10/31/2019(f)	$	25,400	$	25,404
US LIBOR + 5.50%					3 Month Treasury Bill Index + 0.05%
Avaya Inc, Term Loan B7					1.35%, 07/31/2019(f),(l)		35,000		35,025
6.50%, 04/30/2020(j)		4,244		3,235	3 Month Treasury Bill Index + 0.06%
US LIBOR + 5.25%					1.36%, 04/30/2019(f),(m)		13,000		13,015
CenturyLink Inc, Term Loan B					3 Month Treasury Bill Index + 0.14%
2.75%, 01/31/2025(j)		5,898		5,644	1.43%, 01/31/2019(f)		49,000		49,091
US LIBOR + 2.75%					3 Month Treasury Bill Index + 0.28%
CommScope Inc, Term Loan B					1.46%, 10/31/2018(f),(l)		5,000		5,009
3.38%, 12/29/2022(j)		457		459	3 Month Treasury Bill Index + 0.17%
US LIBOR + 2.00%					2.88%, 03/31/2018		1,100		1,105
Cyxtera DC Holdings Inc, Term Loan								$	128,649
8.63%, 03/14/2025(j)		948		958
					U.S. Treasury Bill - 3.72%
US LIBOR + 7.25%					1.04%, 12/07/2017(g)		54,000		53,991
Cyxtera DC Holdings Inc, Term Loan B					1.08%, 12/21/2017(g)		10,000		9,994
4.38%, 03/15/2024(j)		2,186		2,196	1.19%, 02/08/2018(g)		43,000		42,903
US LIBOR + 3.00%					1.29%, 04/12/2018(g)		42,500		42,298
Frontier Communications Corp, Term Loan								$	149,186
5.09%, 05/31/2024(j)		3,094		2,943
					U.S. Treasury Inflation-Indexed Obligations - 11.04%
Intelsat Jackson Holdings SA, Term Loan B2		8,706		8,677	0.13%, 04/15/2020		13,985		13,923
4.21%,06/30/2019 (j)					0.13%, 04/15/2021		12,064		11,984
US LIBOR + 2.75%					0.13%, 01/15/2022		18,640		18,529
Intelsat Jackson Holdings SA, Term Loan B3
5.21%, 11/30/2023(j)		11,926		11,737	0.13%, 04/15/2022		13,361		13,239
					0.13%, 07/15/2022		8,313		8,275
US LIBOR + 3.75%					0.13%, 01/15/2023		25,924		25,629
Maxar Technologies Ltd, Term Loan B
4.10%, 07/05/2024(j)		3,250		3,262	0.13%, 07/15/2024		26,216		25,765
					0.13%, 07/15/2026		18,428		17,819
US LIBOR + 2.75%					0.25%, 01/15/2025		18,951		18,651
Sprint Communications Inc, Term Loan B
3.87%, 01/31/2024(j)		9,950		9,948	0.38%, 07/15/2023		19,476		19,541
					0.38%, 07/15/2025		18,644		18,524
US LIBOR + 2.50%					0.38%, 01/15/2027		15,138		14,860
West Corp, Term Loan
5.33%, 10/10/2024(j)		1,514		1,511	0.38%, 07/15/2027		15,483		15,227
					0.63%, 07/15/2021		24,344		24,769
US LIBOR + 4.00%					0.63%, 01/15/2024		14,567		14,759
					0.63%, 01/15/2026		14,152		14,248
					0.63%, 02/15/2043		3,998		3,775
					0.75%, 02/15/2042		15,665		15,291
					0.75%, 02/15/2045		14,079		13,604

See accompanying notes.

43

Consolidated Schedule of Investments
Diversified Real Asset Fund
November 30, 2017 (unaudited)
U.S. GOVERNMENT & GOVERNMENT			Principal					Portfolio Summary (unaudited)
AGENCY OBLIGATIONS (continued)			Amount (000's)		Value(000		's)	Sector	Percent
U.S. Treasury Inflation-Indexed Obligations (continued)								Government	24.43	%
0.88%, 02/15/2047		$	11,094	$	11,080			Energy	14.79	%
1.00%, 02/15/2046			5,459			5,611		Financial	13.58	%
1.13%, 01/15/2021			12,892		13,263			Basic Materials	9.05	%
1.25%, 07/15/2020			9,699		10,004			Utilities	8.14	%
1.38%, 02/15/2044			11,956		13,332			Industrial	7.78	%
1.75%, 01/15/2028			7,557			8,401		Consumer, Non-cyclical	6.50	%
2.00%, 01/15/2026			7,518			8,388		Consumer, Cyclical	4.82	%
2.13%, 02/15/2040			5,631			7,130		Communications	4.36	%
2.13%, 02/15/2041			6,319			8,047		Technology	3.50	%
2.38%, 01/15/2025			9,687		10,972			Investment Companies	2.50	%
2.38%, 01/15/2027			5,179			6,001		Diversified	0.11	%
2.50%, 01/15/2029			6,694			8,018		Purchased Interest Rate Swaptions	0.02	%
3.38%, 04/15/2032			4,924			6,710		Purchased Options	0.00	%
3.63%, 04/15/2028			6,408			8,323		Other Assets and Liabilities	0.42	%
3.88%, 04/15/2029			6,139			8,269		TOTAL NET ASSETS	100.00	%
				$	441,961
TOTAL U.S. GOVERNMENT & GOVERNMENT AGENCY
OBLIGATIONS				$	719,796
TOTAL PURCHASED OPTIONS - 0.00%					$	123
TOTAL PURCHASED INTEREST RATE SWAPTIONS -
0.02	%				$	1,011
Total Investments				$	3,988,034
Other Assets and Liabilities - 0.42%				$	16,938
TOTAL NET ASSETS - 100.00%				$	4,004,972

(a)	Non-income producing security
(b)	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities totaled $65,587 or 1.64% of net assets.
(c)	Restricted Security. Please see Restricted Security Sub-Schedule for more information.
(d)	Fair value of these investments is determined in good faith by the Manager under procedures established and periodically reviewed by the Board of Directors. Certain inputs used in the valuation may be unobservable; however, each security is evaluated individually for purposes of ASC 820 which results in not all securities being identified as Level 3 of the fair value hierarchy. At the end of the period, the fair value of these securities totaled $2,342 or 0.06% of net assets.
(e)	The value of these investments was determined using significant unobservable inputs.
(f)	All or a portion of this security is owned by the DRA Cayman Corporation, which is a 100% owned subsidiary of the fund.
(g)	Rate shown is the discount rate of the original purchase.
(h)	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. These securities do not indicate a reference rate and spread in their description.
(i)	Payment in kind; the issuer has the option of paying additional securities in lieu of cash.
(j)	Rate information disclosed is based on an average weighted rate as of November 30, 2017.
(k)	This Senior Floating Rate Note will settle after November 30, 2017, at which time the interest rate will be determined.
(l)	Security or a portion of the security was pledged to cover margin requirements for futures contracts. At the end of the period, the value of these securities totaled $28,026 or 0.70% of net assets.
(m)	Security or a portion of the security was pledged to cover margin requirements for swap and/or swaption contracts. At the end of the period,
the	value of these securities totaled $4,842 or 0.12% of net assets.

Restricted Securities
Security Name	Acquisition Date		Cost			Value		Percent of Net Assets
Cengage Learning Holdings II Inc	03/31/2014	$		376	$		95	0.00	%
Gymboree Corp/The	08/18/2017			223			357	0.01	%
Millennium Health LLC	03/15/2016			—			—	0.00	%
Millennium Health LLC	03/15/2016			—			—	0.00	%
Millennium Health LLC	12/21/2015			206			6	0.00	%
Southcross Holdings Borrower LP	04/29/2016			6			17	0.00	%

See accompanying notes.

44

Consolidated Schedule of Investments
Diversified Real Asset Fund
November 30, 2017 (unaudited)
Restricted Securities (continued)
Security Name					Acquisition Date									Cost			Value			Percent of Net Assets
Southcross Holdings Borrower LP, Term Loan B				04/29/2016 – 11/30/2017							$			33	$		35			0.00	%
Total														$			510			0.01	%
Amounts in thousands
Options
Purchased Options			Contracts/	Notional						Expiration				Upfront						Unrealized
Outstanding		Counterparty	Shares	Amount		Exercise Price					Date	Payments/(Receipts)				Fair Value				Appreciation/(Depreciation)
Call - NZD versus USD		JP Morgan Chase	1	NZD	25,130		NZD	0.73		01/15/2018		$		145	$		4		$	(141	)
Put - EUR versus CHF		JP Morgan Chase	1	EUR	7,574		EUR	1.15		01/29/2018				77			29			(48	)
Put - EUR versus USD		JP Morgan Chase	1	EUR	14,957		EUR	1.18		01/22/2018				149			67			(82	)
Put - GBP versus USD		JP Morgan Chase	1	GBP	10,000		GBP	1.33		12/22/2017				120			23			(97	)
Total												$		491	$		123		$	(368	)
Amounts in thousands except contracts/shares
Interest Rate Swaptions
				Pay/
				Receive
Purchased Swaptions		Floating Rate		Floating		Notional		Exercise			Expiration			Upfront			Fair			Unrealized
Outstanding	Counterparty		Index	Rate		Amount		Rate			Date		Payments/(Receipts)				Value		Appreciation/(Depreciation)
Put - 10 Year Interest	Barclays Bank PLC		6 Month	Receive	JPY	1,517,095			1.10% 06/30/2022				$	206		$	166		$	(40	)
Rate Swap			LIBOR
Put - 10 Year Interest	Deutsche Bank AG		3 Month	Receive       $		13,810			2.95% 08/23/2022					631			577			(54	)
Rate Swap			LIBOR
Put - 30 Year Interest	Barclays Bank PLC		3 Month	Receive		335			2.68% 01/13/2021					31			31			—
Rate Swap			LIBOR
Put - 30 Year Interest	Deutsche Bank AG		3 Month	Receive		3,265			3.54% 06/18/2019					63			40			(23	)
Rate Swap			LIBOR
Put - 30 Year Interest	Deutsche Bank AG		3 Month	Receive		1,020			2.68% 01/13/2021					136			92			(44	)
Rate Swap			LIBOR
Put - 30 Year Interest	Deutsche Bank AG		3 Month	Receive		3,285			3.04% 06/18/2019					137			105			(32	)
Rate Swap			LIBOR
Total													$	1,204		$	1,011		$	(193	)
				Pay/
				Receive
Written Swaptions		Floating Rate		Floating		Notional		Exercise			Expiration			Upfront			Fair			Unrealized
Outstanding	Counterparty		Index	Rate		Amount		Rate			Date		Payments/(Receipts)				Value		Appreciation/(Depreciation)
Put - 10 Year Interest	Deutsche Bank AG		3 Month	Pay	$	19,390		2.65%	08/23/2018				$	(247	)	$	(235	)	$	12
Rate Swap			LIBOR
Total													$	(247	)	$	(235	)	$	12
Amounts in thousands
Futures Contracts
Description and Expiration Date				Type		Contracts				Notional Amount				Value and Unrealized Appreciation/(Depreciation)
Brent Crude; December 2018(a)				Long				196	$		11,746			$						906
Brent Crude; February 2018(a)				Short				613			38,392									(680	)
Brent Crude; March 2018(a)				Long				10				623								89
Canada 10 Year Bond; March 2018				Short				13			1,377									1
Cocoa; March 2018(a)				Short				291			5,963									133
Coffee 'C'; March 2018(a)				Short				74			3,566									(11	)
Copper; March 2018(a)				Long				6				460								(3	)
Corn; March 2018(a)				Long				770			13,696									148
Cotton No.2; March 2018(a)				Short				460			16,746									(616	)
Euro Bund 10 Year Bund; December 2017				Short				9			1,743									—
Euro Buxl 30 Year Bond; December 2017				Long				8			1,592									8
Euro Schatz; December 2017				Short				88			11,751									(4	)
Euro-Bobl 5 Year; December 2017				Short				174			27,236									45
Euro-BTP; December 2017				Short				17			2,850									(95	)
Euro-Oat; December 2017				Short				36			6,797									1
Feeder Cattle; January 2018(a)				Long				252			19,426									88
Gold 100 oz; February 2018(a)				Long				76			9,703									(140	)
Japan 10 Year Bond TSE; December 2017				Short				9			12,070									11
KC HRW Wheat; March 2018(a)				Short				126			2,718									(38	)
See accompanying notes.								45

Consolidated Schedule of Investments
Diversified Real Asset Fund
November 30, 2017 (unaudited)
Futures Contracts (continued)
Description and Expiration Date		Type	Contracts		Notional Amount			Value and Unrealized Appreciation/(Depreciation)
Lean Hogs; February 2018(a)		Long	299	$		8,345		$			(92	)
Live Cattle; December 2017(a)		Long	14			671					(15	)
Live Cattle; February 2018 (a)		Long	374			18,696					(127	)
LME Lead; December 2017(a)		Short	—			—					(1,464	)
LME Lead; January 2018(a)		Short	292			18,042					(20	)
LME Nickel; January 2018(a)		Short	—			—					(150	)
LME Nickel; June 2018(a)		Long	46			3,090					213
LME PRI Alum; December 2017(a)		Short	—			—					1,512
LME PRI Alum; January 2018(a)		Long	126			6,424					(178	)
LME PRI Alum; March 2018(a)		Long	198			10,165					(391	)
LME Zinc; December 2017(a)		Short	—			—					2,068
LME Zinc; December 2018(a)		Long	22			1,710					42
LME Zinc; January 2018(a)		Short	35			2,763					106
LME Zinc; June 2018(a)		Short	—			—					927
Low Sulphur Gasoline; March 2018(a)		Long	197			11,012					(60	)
Natural Gas; April 2018(a)		Short	158			4,530					1
Natural Gas; January 2018(a)		Long	127			3,842					(53	)
Natural Gas; March 2018(a)		Long	557			16,704					(5	)
NY Harb ULSD; January 2018(a)		Long	280			22,316					(551	)
Palladium; March 2018(a)		Long	119			11,942					266
Platinum; January 2018 (a)		Long	235			11,074					124
Silver; March 2018(a)		Long	35			2,883					(116	)
Soybean Meal; January 2018(a)		Short	36			1,175					4
Soybean Oil; January 2018(a)		Short	716			14,542					446
Soybean; January 2018(a)		Short	197			9,710					64
Sugar #11; March 2018(a)		Short	673			11,367					(274	)
US 10 Year Note; March 2018		Long	39			4,838					(34	)
US 10 Year Ultra Note; March 2018		Long	22			2,930					(19	)
US 2 Year Note; March 2018		Long	47			10,077					(8	)
US 5 Year Note; March 2018		Short	54			6,283					20
US Ultra Bond; March 2018		Short	152			25,061					268
Wheat; March 2018 (a)		Short	84			2,611					19
Wheat; March 2018 (a)		Long	260			5,629					(71	)
WTI Crude; December 2018(a)		Long	508			27,940					1,291
WTI Crude; February 2018(a)		Long	613			35,217					575
WTI Crude; March 2018(a)		Long	24			1,378					(3	)
Total								$			4,158
Amounts in thousands except contracts
Foreign Currency Contracts
									Unrealized Appreciation/(Depreciation)
Counterparty	Settlement Date		Contracts to Accept		In Exchange For			Fair Value	Asset		Liability
Barclays Bank PLC	01/24/2018	AUD	41,674,000		$	31,921	$	31,504	$	— $	(417	)
Barclays Bank PLC	01/24/2018	CAD	13,488,743			10,609		10,465		—	(144	)
Barclays Bank PLC	01/24/2018	CHF	5,339,473			5,424		5,454		30	—
Barclays Bank PLC	01/24/2018	EUR	71,053,000			83,777		84,861		1,089	(5	)
Barclays Bank PLC	01/24/2018	GBP	5,406,617			7,151		7,326		175	—
Barclays Bank PLC	01/24/2018	JPY	2,778,951,338			24,817		24,771		49	(95	)
Barclays Bank PLC	01/24/2018	MXN	42,241,609			2,219		2,246		27	—
Barclays Bank PLC	01/24/2018	NOK	57,755,314			7,091		6,957		—	(134	)
Barclays Bank PLC	01/24/2018	NZD	37,601,000			25,958		25,672		5	(291	)
Barclays Bank PLC	01/24/2018	SEK	73,399,942			8,849		8,808		12	(53	)
Barclays Bank PLC	02/14/2018	MXN	46,384,169			2,386		2,458		72	—
BNP Paribas	12/05/2017	GBP	800,000			1,061		1,082		21	—
Citigroup Inc	12/05/2017	GBP	1,639,000			2,170		2,217		47	—
Deutsche Bank AG	01/24/2018	BRL	20,107,980			6,210		6,109		—	(101	)
Deutsche Bank AG	01/24/2018	EUR	23,473,000			27,947		28,035		143	(55	)
Deutsche Bank AG	01/24/2018	HKD	69,124,838			8,865		8,858		—	(7	)
Deutsche Bank AG	01/24/2018	JPY	1,499,649,587			13,484		13,367		—	(117	)
Deutsche Bank AG	01/24/2018	KRW	1,944,183,150			1,773		1,788		15	—
Deutsche Bank AG	01/24/2018	NOK	70,491,202			8,959		8,491		—	(468	)
Deutsche Bank AG	01/24/2018	NZD	14,779,724			10,303		10,091		—	(212	)
Deutsche Bank AG	01/24/2018	RUB	375,504,876			6,366		6,377		11	—
Deutsche Bank AG	01/24/2018	SEK	28,619,533			3,548		3,434		—	(114	)

See accompanying notes.

46

Consolidated Schedule of Investments
Diversified Real Asset Fund
November 30, 2017 (unaudited)
Foreign Currency Contracts (continued)
									Unrealized Appreciation/(Depreciation)
Counterparty	Settlement Date		Contracts to Accept		In Exchange For		Fair Value		Asset		Liability
Deutsche Bank AG	01/24/2018	TRY	6,877,761	$	1,824	$	1,729	$	—	$	(95	)
Deutsche Bank AG	01/24/2018	ZAR	21,184,390		1,542		1,532		—		(10	)
Deutsche Bank AG	02/14/2018	EUR	2,110,000		2,507		2,523		16		—
HSBC Securities Inc	12/05/2017	GBP	634,000		850		857		7		—
JPMorgan Chase	01/24/2018	AUD	31,124,382		23,994		23,529		—		(465	)
JPMorgan Chase	01/24/2018	BRL	25,134,555		7,868		7,636		—		(232	)
JPMorgan Chase	01/24/2018	CAD	20,308,812		15,950		15,756		—		(194	)
JPMorgan Chase	01/24/2018	CHF	1,645,562		1,702		1,681		—		(21	)
JPMorgan Chase	01/24/2018	CLP	791,781,900		1,276		1,224		—		(52	)
JPMorgan Chase	01/24/2018	COP	3,741,830,000		1,260		1,235		—		(25	)
JPMorgan Chase	01/24/2018	EUR	44,622,000		52,514		53,294		780		—
JPMorgan Chase	01/24/2018	GBP	9,358,000		12,381		12,680		299		—
JPMorgan Chase	01/24/2018	IDR	16,898,180,000		1,244		1,244		—		—
JPMorgan Chase	01/24/2018	INR	895,086,925		13,625		13,786		161		—
JPMorgan Chase	01/24/2018	JPY	4,199,068,600		37,213		37,429		256		(40	)
JPMorgan Chase	01/24/2018	MXN	243,897,643		12,644		12,969		325		—
JPMorgan Chase	01/24/2018	NOK	72,239,768		8,855		8,702		—		(153	)
JPMorgan Chase	01/24/2018	NZD	31,325,495		21,999		21,387		—		(612	)
JPMorgan Chase	01/24/2018	RUB	445,900,368		7,665		7,572		—		(93	)
JPMorgan Chase	01/24/2018	SEK	101,126,950		12,301		12,135		—		(166	)
JPMorgan Chase	01/24/2018	SGD	1,712,861		1,270		1,271		1		—
JPMorgan Chase	01/24/2018	ZAR	86,706,864		6,199		6,271		72		—
Morgan Stanley & Co	02/14/2018	SEK	41,734,820		5,005		5,014		9		—
National Australia Bank	12/05/2017	NZD	83,000		57		57		—		—
Total								$	3,622	$	(4,371	)
									Unrealized Appreciation/(Depreciation)
Counterparty	Settlement Date		Contracts to Deliver		In Exchange For		Fair Value		Asset		Liability
Australia and New Zealand Banking	12/05/2017	JPY	5,000,000	$	44	$	44	$	—	$	—
Group
Australia and New Zealand Banking	12/05/2017	NZD	33,000		23		23		—		—
Group
Bank of America NA	12/05/2017	GBP	2,162,000		2,866		2,924		—		(58	)
Bank of America NA	12/05/2017	NZD	11,109,000		7,596		7,593		3		—
Bank of America NA	01/04/2018	NZD	11,039,000		7,550		7,539		11		—
Barclays Bank PLC	12/05/2017	CAD	1,544,000		1,198		1,197		1		—
Barclays Bank PLC	12/05/2017	JPY	649,401,000		5,731		5,771		—		(40	)
Barclays Bank PLC	01/24/2018	AUD	10,128,000		7,795		7,656		139		—
Barclays Bank PLC	01/24/2018	CAD	6,826,932		5,312		5,297		18		(3	)
Barclays Bank PLC	01/24/2018	CHF	1,695,443		1,718		1,732		—		(14	)
Barclays Bank PLC	01/24/2018	EUR	39,664,000		46,516		47,372		—		(856	)
Barclays Bank PLC	01/24/2018	GBP	9,409,000		12,430		12,749		—		(319	)
Barclays Bank PLC	01/24/2018	JPY	2,438,391,159		21,578		21,735		11		(168	)
Barclays Bank PLC	01/24/2018	MXN	135,285,219		7,092		7,193		4		(105	)
Barclays Bank PLC	01/24/2018	NOK	173,727,802		21,229		20,926		303		—
Barclays Bank PLC	01/24/2018	NZD	19,382,082		13,409		13,233		176		—
Barclays Bank PLC	01/24/2018	SEK	147,581,874		17,736		17,710		60		(34	)
BNP Paribas	12/05/2017	GBP	710,000		943		960		—		(17	)
Deutsche Bank AG	01/24/2018	AUD	5,732,896		4,426		4,334		92		—
Deutsche Bank AG	01/24/2018	BRL	40,379,519		12,282		12,268		16		(2	)
Deutsche Bank AG	01/24/2018	CHF	8,220,315		8,487		8,397		90		—
Deutsche Bank AG	01/24/2018	CLP	1,916,517,100		3,026		2,962		64		—
Deutsche Bank AG	01/24/2018	COP	9,093,030,000		3,030		3,002		28		—
Deutsche Bank AG	01/24/2018	EUR	3,866,000		4,506		4,617		—		(111	)
Deutsche Bank AG	01/24/2018	GBP	2,665,000		3,533		3,611		—		(78	)
Deutsche Bank AG	01/24/2018	HKD	138,340,072		17,759		17,728		31		—
Deutsche Bank AG	01/24/2018	INR	811,573,960		12,407		12,500		—		(93	)
Deutsche Bank AG	01/24/2018	JPY	593,607,923		5,318		5,291		27		—
Deutsche Bank AG	01/24/2018	KRW	6,378,376,080		5,644		5,866		—		(222	)
Deutsche Bank AG	01/24/2018	RUB	205,895,250		3,525		3,497		28		—
Deutsche Bank AG	01/24/2018	TWD	92,543,756		3,065		3,095		—		(30	)
Deutsche Bank AG	02/05/2018	JPY	1,297,323,000		11,640		11,571		69		—
Deutsche Bank AG	02/14/2018	EUR	2,025,000		2,420		2,421		—		(1	)
Deutsche Bank AG	02/14/2018	MXN	44,739,023		2,385		2,370		15		—
Deutsche Bank AG	02/14/2018	SEK	20,922,444		2,507		2,514		—		(7	)
Goldman Sachs & Co	02/05/2018	JPY	790,000		7		7		—		—
HSBC Securities Inc	12/05/2017	JPY	270,000		2		2		—		—
HSBC Securities Inc	01/04/2018	EUR	8,794,000		10,492		10,490		2		—
JPMorgan Chase	01/24/2018	AUD	49,784,254		38,337		37,635		702		—
JPMorgan Chase	01/24/2018	BRL	10,889,999		3,299		3,308		—		(9	)
JPMorgan Chase	01/24/2018	CAD	6,625,280		5,254		5,140		114		—
JPMorgan Chase	01/24/2018	CHF	6,982,282		7,127		7,132		23		(28	)
JPMorgan Chase	01/24/2018	EUR	105,450,261		124,614		125,943		1		(1,330	)

See accompanying notes.

47

Consolidated Schedule of Investments
Diversified Real Asset Fund
November 30, 2017 (unaudited)
Foreign Currency Contracts (continued)
														Unrealized Appreciation/(Depreciation)
Counterparty		Settlement Date			Contracts to Deliver			In Exchange For				Fair Value			Asset			Liability
JPMorgan Chase		01/24/2018			GBP	4,023,000		$		5,317	$	5,451		$	—		$	(134			)
JPMorgan Chase		01/24/2018			IDR	41,224,960,000				3,010		3,034			—					(24	)
JPMorgan Chase		01/24/2018			INR	198,062,069				3,007		3,051			—					(44	)
JPMorgan Chase		01/24/2018			JPY	4,564,994,079				40,472		40,692			46			(266			)
JPMorgan Chase		01/24/2018			KRW	3,387,000,000				3,000		3,115			—			(115			)
JPMorgan Chase		01/24/2018			MXN	216,843,505				11,325		11,530			—			(205			)
JPMorgan Chase		01/24/2018			NOK	42,403,088				5,133		5,108			28					(3	)
JPMorgan Chase		01/24/2018			NZD	43,888,465				30,613		29,965			666					(18	)
JPMorgan Chase		01/24/2018			RUB	373,690,969				6,145		6,346			—			(201			)
JPMorgan Chase		01/24/2018			SEK	123,105,040				14,861		14,773			167					(79	)
JPMorgan Chase		01/24/2018			SGD	4,127,161				3,032		3,063			—					(31	)
JPMorgan Chase		01/24/2018			TRY	13,719,231				3,574		3,448			126					—
JPMorgan Chase		01/24/2018			ZAR	46,020,135				3,292		3,329			—					(37	)
Morgan Stanley & Co		02/14/2018			EUR	4,220,000				5,005		5,046			—					(41	)
National Australia Bank		12/05/2017			GBP	111,000				146		150			—					(4	)
Royal Bank of Scotland PLC		12/05/2017			JPY	649,040,500				5,738		5,767			—					(29	)
Standard Chartered Bank, Hong Kong		12/05/2017			GBP	32,000				42		43			—					(1	)
UBS AG		12/05/2017			EUR	8,794,000				10,249		10,468			—			(219			)
Westpac Banking Corp		01/04/2018			CAD	1,524,000				1,183		1,182			1					—
Total														$	3,062		$	(4,976			)
Amounts in thousands except contracts
Interest Rate Swaps
		(Pay)/
		Receive
		Floating	Fixed		Payment		Notional			Unrealized					Upfront			Fair Value
Counterparty	Floating Rate Index	Rate	Rate		Frequency	Maturity Date		Amount			Appreciation/(Depreciation)				Payments/(Receipts)			Asset		Liability
Barclays Bank	US CPI Urban	Receive	1.59	%	Annual	09/13/2018	$	12,807	$			344		$	—		$	344	$	—
PLC	Consumers
	NAS(CPURNSA)
Barclays Bank	US CPI Urban	Receive	2.07	%	Annual	03/10/2018		7,960				400			—			400		—
PLC	Consumers
	NAS(CPURNSA)
Deutsche Bank	Eurostat Eurozone	Pay	1.97	%	Annual	03/15/2047	EUR	995				3			—			3		—
AG	HICP Ex Tobacco
	Unrevised Series
	NSA
Deutsche Bank	Eurostat Eurozone	Receive	1.47	%	Annual	03/15/2027		995				12			—			12		—
AG	HICP Ex Tobacco
	Unrevised Series
	NSA
Deutsche Bank	UK RPI All Items	Receive	3.57	%	Annual	03/15/2047	GBP	725				4			—			4		—
AG	NSA
Total								$				763		$	—		$	763	$	—
Amounts in thousands
Exchange Cleared Interest Rate Swaps
		(Pay)/
		Receive
		Floating	Fixed		Payment		Notional			Unrealized					Upfront
Floating Rate Index		Rate	Rate		Frequency	Maturity Date		Amount			Appreciation/(Depreciation)				Payments/(Receipts)			Fair Value
3 Month LIBOR		Pay	1.94%		Semiannual	11/24/2019	$	13,435	$			(8	)	$	—		$			(8	)
3 Month LIBOR		Pay	1.88%		Semiannual	11/15/2019		13,435				(21	)		—					(21	)
3 Month LIBOR		Receive	2.17%		Quarterly	08/24/2027		700				16			—					16
3 Month LIBOR		Pay	1.73%		Semiannual	08/31/2046		910				(17	)		(157	)				(174	)
6 Month GBP LIBOR		Receive	1.61%		Semiannual	02/15/2047	GBP	2,815				(18	)		(16	)				(34	)
Eurostat Eurozone HICP Ex Tobacco		Receive	1.30	%	Annual	09/29/2022	EUR	4,075				16			—					16
Unrevised Series NSA
Eurostat Eurozone HICP Ex Tobacco		Pay	1.75	%	Annual	06/15/2047		1,340				(95	)		(3	)				(98	)
Unrevised Series NSA
Eurostat Eurozone HICP Ex Tobacco		Pay	1.83	%	Annual	05/15/2047		1,370				(51	)		—					(51	)
Unrevised Series NSA
HICP Ex Food and Energy		Pay	1.92	%	Annual	11/15/2047		1,210				(14	)		—					(14	)
HICP Ex Food and Energy		Pay	1.94	%	Annual	11/15/2047		580				(1	)		—					(1	)
HICP Ex Food and Energy		Pay	1.91	%	Annual	11/15/2047		1,255				(17	)		(1	)				(18	)
HICP Ex Food and Energy		Pay	1.29	%	Annual	11/15/2022		8,030				(30	)		—					(30	)
HICP Ex Food and Energy		Pay	1.88	%	Annual	07/15/2047		1,360				(40	)		—					(40	)
HICP Ex Food and Energy		Receive	1.26	%	Annual	08/15/2022		4,095				24			1					25
ICE LIBOR GBP 6 Month		Pay	1.66%		Semiannual	09/28/2047	GBP	790				24			—					24

See accompanying notes.

48

Consolidated Schedule of Investments
Diversified Real Asset Fund
November 30, 2017 (unaudited)
Exchange Cleared Interest Rate Swaps (continued)
		(Pay)/
		Receive
		Floating	Fixed		Payment			Notional			Unrealized			Upfront
Floating Rate Index		Rate	Rate		Frequency	Maturity Date			Amount		Appreciation/(Depreciation)			Payments/(Receipts)				Fair Value
ICE LIBOR GBP 6 Month		Receive	1.34%      Semiannual			11/28/2027		GBP	3,695	$	24		$		—		$	24
ICE LIBOR GBP 6 Month		Receive	1.52%      Semiannual			11/22/2047			1,485		26				—			26
ICE LIBOR JPY 6 Month		Pay	0.09%      Semiannual			11/08/2022		JPY	624,725		(3	)			—			(3	)
ICE LIBOR JPY 6 Month		Receive	0.92%      Semiannual			11/08/2047			106,020		8				—			8
ICE LIBOR JPY 6 Month		Receive	0.27%      Semiannual			11/08/2027			298,780		7				—			7
ICE LIBOR JPY 6 Month		Pay	0.09%      Semiannual			11/08/2022			624,725		(3	)			—			(3	)
NZFM New Zealand Bank Bill 3		Receive	3.07%       Quarterly			09/08/2027		NZD	2,109		1				(1	)		—
Month FRA
NZFM New Zealand Bank Bill 3		Receive	3.07%       Quarterly			09/08/2027			2,088		1				(1	)		—
Month FRA
NZFM New Zealand Bank Bill 3		Receive	3.06%       Quarterly			09/08/2027			4,239		5				(2	)		3
Month FRA
UK RPI All Items NSA		Pay	3.62	%	Annual	02/15/2047		GBP	2,150		162				11			173
UK RPI All Items NSA		Receive	3.55	%	Annual	11/15/2047			2,795		(97	)			(1	)		(98	)
UK RPI All Items NSA		Pay	3.60	%	Annual	11/15/2042			2,795		73				2			75
UK RPI All Items NSA		Pay	3.30	%	Annual	10/15/2022			6,685		11				—			11
UK RPI All Items NSA		Pay	3.52	%	Annual	11/15/2047			660		6				—			6
UK RPI All Items NSA		Pay	3.52	%	Annual	02/15/2027			4,525		83				3			86
UK RPI All Items NSA		Receive	3.46	%	Annual	11/15/2027			4,640		(53	)			(1	)		(54	)
UK RPI All Items NSA		Receive	3.47	%	Annual	09/15/2047			355		7				1			8
UK RPI All Items NSA		Receive	3.49	%	Annual	08/15/2047			700		13				1			14
UK RPI All Items NSA		Receive	3.47	%	Annual	10/15/2047			720		14				—			14
UK RPI All Items NSA		Pay	3.40	%	Annual	08/15/2022			6,710		(4	)			(1	)		(5	)
UK RPI All Items NSA		Pay	3.55	%	Annual	11/15/2032			4,640		76				2			78
UK RPI All Items NSA		Pay	3.37	%	Annual	06/15/2022			6,870		(23	)			(3	)		(26	)
UK RPI All Items NSA		Pay	3.38	%	Annual	09/15/2027			1,545		—				—			—
US CPI Urban Consumers		Receive	2.11	%	Annual	11/09/2019		$	24,530		(29	)			1			(28	)
NAS(CPURNSA)
Total									$		73		$		(165	)	$	(92	)
Amounts in thousands
Total Return Swaps
			Pay/Receive												Value and Unrealized
			Positive		Financing		Payment		Expiration		Notional		Upfront		Appreciation/(Depreciation)
Counterparty	Reference Entity	Contracts	Return		Rate		Frequency		Date		Amount		Payments/(Receipts)				Asset	Liability
M3 Capital	Bloomberg	75,226	Receive		.99%	Monthly			12/20/2017	$	30,175	$		—	$		— $	(252	)
Partners	Commodity
	Index 2 Month
	Forward Total
	Return (a)
M3 Capital	Bloomberg	419,698	Receive		.91%	Monthly			12/20/2017		73,973			—			—	(648	)
Partners	Commodity
	Index Total
	Return (a)
M3 Capital	Macquarie	243,416	Receive		.29%		Annual		12/04/2017		24,597			—			—	(138	)
Partners	Commodity
	Product 251E(a)
Merrill Lynch	Bloomberg	536,743	Receive		.92%	Monthly			12/20/2017		94,603			—			—	(829	)
	Commodity
	Index Total
	Return (a)
Merrill Lynch	BofA Merrill	257,654	Receive		.46%		Annual		12/04/2017		27,407			—			—	(448	)
	Lynch
	Commodity
	MLBXCS3E
	Excess Return
	Strategy(a)
Total											$			—	$		— $	(2,315	)
Amounts in thousands except contracts

(a)      All or a portion of this security is owned by the DRA Cayman Corporation, which is a 100% owned subsidiary of the fund.

See accompanying notes.

49

Schedule of Investments
Dynamic Floating Rate High Income Fund
November 30, 2017 (unaudited)
INVESTMENT COMPANIES - 15.87%		Shares Held	Value (000's)						Principal
Exchange Traded Funds - 3.39%						BONDS (continued)			Amount (000's) Value (000's)
PowerShares Senior Loan Portfolio		15,500	$		357	Telecommunications (continued)
						GTT Communications Inc
Money Market Funds - 12.48%						7.88%, 12/31/2024(a)		$	90	$	95
BlackRock Liquidity Funds FedFund Portfolio		1,312,244			1,312	Intelsat Jackson Holdings SA
						8.00%, 02/15/2024(a)			40		42
TOTAL INVESTMENT COMPANIES			$		1,669	Sprint Corp
		Principal				7.88%, 09/15/2023			80		86
BONDS - 16.57%		Amount (000's)	Value (000's)						$		262
Chemicals - 2.37%						TOTAL BONDS			$		1,742
Consolidated Energy Finance SA						SENIOR FLOATING RATE INTERESTS -			Principal
5.07%, 06/15/2022(a)	$	250		$	249	75.10	%		Amount (000's) Value (000's)
3 Month LIBOR + 3.75%						Automobile Manufacturers - 2.72%
						Navistar Inc, Term Loan B
Diversified Financial Services - 2.27%						4.75%, 11/01/2024(d)		$	285	$	286
Ally Financial Inc						US LIBOR + 3.50%
5.75%, 11/20/2025		90			99
Credit Acceptance Corp						Automobile Parts & Equipment - 1.54%
7.38%, 03/15/2023		110			115	American Axle & Manufacturing Inc, Term
E*TRADE Financial Corp						Loan B
5.30%, 12/31/2049(b),(c)		25			25	3.60%, 03/08/2024(d)			162		162
3 Month LIBOR + 3.16%						US LIBOR + 2.25%
			$		239
Gas - 0.98%						Beverages - 0.81%
NGL Energy Partners LP / NGL Energy						Arterra Wines Canada Inc, Term Loan B1
Finance Corp						4.04%, 12/15/2023(d)			84		85
7.50%, 11/01/2023		100			103	US LIBOR + 2.75%
Healthcare - Products - 0.67%						Chemicals - 3.22%
Universal Hospital Services Inc						A Schulman Inc, Term Loan B
7.63%, 08/15/2020		70			70	4.51%, 06/01/2022(d)			71		71
						US LIBOR + 3.25%
Insurance - 2.34%						Aruba Investments Inc, Term Loan B
Catlin Insurance Co Ltd						4.69%, 02/02/2022(d)			98		98
4.33%, 07/29/2049(a),(c)		160			153	US LIBOR + 3.25%
3 Month LIBOR + 2.98%						Emerald Performance Materials LLC, Term
Liberty Mutual Group Inc						Loan
4.22%, 03/07/2067(a)		95			93	9.10%, 08/01/2022(d)			170		170
3 Month LIBOR + 2.91%						US LIBOR + 6.75%
			$		246				$		339
Machinery - Diversified - 0.91%						Commercial Services - 5.50%
Cloud Crane LLC						Garda World Security Corp, Term Loan B
10.13%, 08/01/2024(a)		85			96	5.47%, 05/24/2024(d)			96		96
						US LIBOR + 3.50%
Media - 0.87%						Prime Security Services Borrower LLC, Term
DISH DBS Corp						Loan B
5.88%, 11/15/2024		90			91	4.10%, 05/02/2022(d)			109		110
						US LIBOR + 2.75%
Mining - 0.29%						Team Health Holdings Inc, Term Loan B
Northwest Acquisitions ULC / Dominion						4.10%, 02/06/2024(d)			170		166
Finco Inc						US LIBOR + 2.75%
7.13%, 11/01/2022(a)		30			31	TMS International Corp, Term Loan B
						4.25%, 08/09/2024(d)			205		206
Miscellaneous Manufacturers - 0.62%						US LIBOR + 3.00%
Bombardier Inc									$		578
7.50%, 03/15/2025(a)		65			65	Computers - 2.30%
						Dell International LLC, Term Loan B
Oil & Gas - 1.91%						3.35%, 09/07/2023(d)			177		177
Continental Resources Inc/OK						US LIBOR + 2.00%
4.50%, 04/15/2023		100			102	McAfee LLC, Term Loan B
MEG Energy Corp						5.83%, 09/27/2024(d)			65		65
6.50%, 01/15/2025(a)		50			49	US LIBOR + 4.50%
Whiting Petroleum Corp									$		242
5.75%, 03/15/2021		50			50	Consumer Products - 1.78%
			$		201	Prestige Brands Inc, Term Loan B4
Real Estate - 0.85%						4.10%, 01/20/2024(d)			186		187
Crescent Communities LLC/Crescent						US LIBOR + 2.75%
Ventures Inc
8.88%, 10/15/2021(a)		84			89	Distribution & Wholesale - 0.95%
						Beacon Roofing Supply Inc, Term Loan B
Telecommunications - 2.49%						0.00%, 10/11/2024(d),(e)			100		100
Frontier Communications Corp						US LIBOR + 2.25%
11.00%, 09/15/2025		50			39

See accompanying notes.

50

Schedule of Investments
Dynamic Floating Rate High Income Fund
November 30, 2017 (unaudited)
SENIOR FLOATING RATE INTERESTS		Principal			SENIOR FLOATING RATE INTERESTS		Principal
(continued)		Amount (000's) Value (000's)			(continued)		Amount (000's) Value (000's)
Diversified Financial Services - 3.09%					Lodging - 3.07%
Delos Finance Sarl, Term Loan B					Caesars Growth Properties Holdings LLC,
3.33%, 10/06/2023(d)	$	145	$	146	Term Loan
US LIBOR + 2.00%					0.00%, 10/02/2024(d),(e)	$	205	$	206
Russell Investments US Institutional Holdco					US LIBOR + 2.75%
Inc, Term Loan B					Golden Nugget Inc/NV, Term Loan
5.60%, 06/01/2023(d)		178		179	4.60%, 10/04/2023(d)		20		20
US LIBOR + 5.75%					US LIBOR + 3.25%
		$		325	Hilton Worldwide Finance LLC, Term Loan
Electric - 0.83%					B2
Dynegy Inc, Term Loan C1					3.33%, 10/25/2023(d)		96		97
4.60%, 02/07/2024(d)		86		87	US LIBOR + 2.00%
US LIBOR + 3.25%							$		323
					Media - 2.55%
Entertainment - 3.37%					Unitymedia Finance LLC, Term Loan B
CCM Merger Inc, Term Loan B					3.50%, 09/08/2025(d)		95		95
4.10%, 08/08/2021(d)		88		88	US LIBOR + 2.25%
US LIBOR + 2.75%					Univision Communications Inc, Term Loan
Lions Gate Entertainment Corp, Term Loan					C5
B					4.10%, 03/15/2024(d)		175		173
4.35%, 10/13/2023(d)		67		67	US LIBOR + 2.75%
US LIBOR + 3.00%							$		268
WMG Acquisition Corp, Term Loan D					Oil & Gas - 5.36%
3.83%, 11/01/2023(d)		199		199	California Resources Corp, Term Loan
US LIBOR + 2.50%					0.00%, 11/14/2022(d),(e)		205		201
		$		354	US LIBOR + 4.75%
Food - 3.27%					11.46%, 12/31/2021(d)		95		103
B&G Foods Inc, Term Loan B					US LIBOR + 10.38%
3.35%, 11/02/2022(d)		148		149	Chesapeake Energy Corp, Term Loan 1.5
US LIBOR + 2.00%					8.95%, 08/17/2021(d)		185		197
Post Holdings Inc, Term Loan B					US LIBOR + 7.50%
3.60%, 05/17/2024(d)		195		195	Seadrill Operating LP, Term Loan B
US LIBOR + 2.25%					4.33%, 02/12/2021(d)		82		63
		$		344	US LIBOR + 3.00%
Forest Products & Paper - 0.70%							$		564
Caraustar Industries Inc, Term Loan					Packaging & Containers - 4.06%
6.83%, 03/14/2022(d)		74		74	Berry Global Inc, Term Loan M
US LIBOR + 5.50%					3.56%, 10/01/2022(d)		94		94
					US LIBOR + 2.25%
Healthcare - Products - 2.49%					Coveris Holdings SA, Term Loan
DJO Finance LLC, Term Loan B					5.58%, 06/29/2022(d)		143		143
4.59%, 06/08/2020(d)		94		93	US LIBOR + 4.25%
US LIBOR + 3.25%					Flex Acquisition Co Inc, Term Loan
Kinetic Concepts Inc, Term Loan B					4.34%, 12/29/2023(d)		94		95
4.58%, 02/02/2024(d)		170		169	US LIBOR + 3.00%
US LIBOR + 3.25%					Reynolds Group Holdings Inc, Term Loan B
		$		262	4.10%, 02/05/2023(d)		94		95
Healthcare - Services - 3.96%					US LIBOR + 2.75%
Acadia Healthcare Co Inc, Term Loan B2							$		427
3.99%, 02/16/2023(d)		121		121	REITs - 2.73%
US LIBOR + 2.75%					Americold Realty Operating Partnership LP,
MPH Acquisition Holdings LLC, Term Loan					Term Loan B
B					5.10%, 12/01/2022(d)		45		45
4.33%, 06/07/2023(d)		170		170	US LIBOR + 3.75%
US LIBOR + 3.00%					GEO Group Inc/The, Term Loan B
Radnet Management Inc, Term Loan B1					3.57%, 03/15/2024(d)		94		95
5.13%, 06/30/2023(d)		124		125	US LIBOR + 2.25%
US LIBOR + 3.75%					iStar Inc, Term Loan B
		$		416	4.26%, 10/01/2021(d)		53		53
Insurance - 1.90%					US LIBOR + 3.75%
Asurion LLC, Term Loan B2					MGM Growth Properties Operating
7.35%, 08/04/2025(d)		195		200	Partnership LP, Term Loan B
US LIBOR + 6.00%					3.60%, 04/25/2023(d)		93		94
					US LIBOR + 2.25%
Leisure Products & Services - 3.12%							$		287
ClubCorp Holdings Inc, Term Loan B					Retail - 4.27%
4.59%, 08/16/2024(d)		185		186	Academy Ltd, Term Loan B
US LIBOR + 3.25%					5.31%, 07/01/2022(d)		123		99
Intrawest Resorts Holdings Inc, Term Loan					US LIBOR + 4.00%
B1					JC Penney Corp Inc, Term Loan B
4.60%, 07/31/2024(d)		141		142	5.73%, 06/23/2023(d)		95		87
US LIBOR + 3.25%					US LIBOR + 4.25%
		$		328

See accompanying notes.

51

				Schedule of Investments
		Dynamic Floating Rate High Income Fund
			November 30, 2017 (unaudited)
SENIOR FLOATING RATE INTERESTS		Principal
(continued)	Amount (000's)		Value (000's)
Retail (continued)
KFC Holding Co, Term Loan B
3.28%, 06/16/2023(d)	$	118	$	119
US LIBOR + 2.00%
Michaels Stores Inc, Term Loan B1
4.07%, 01/27/2023(d)		145		144
US LIBOR + 2.75%
			$	449
Semiconductors - 0.98%
Micron Technology Inc, Term Loan B
3.39%, 04/26/2022(d)		102		103
US LIBOR + 2.00%
Software - 1.44%
Evergreen Skills Lux Sarl, Term Loan
4.09%, 05/01/2021(d)		150		151
US LIBOR + 4.75%
Telecommunications - 9.09%
Avaya Inc, Term Loan B-EXIT
0.00%, 11/08/2024(d),(e)		295		291
US LIBOR + 4.75%
GTT Communications Inc, Term Loan B
4.62%, 01/09/2024(d)		69		69
US LIBOR + 3.25%
Level 3 Parent LLC, Term Loan B
3.65%, 02/22/2024(d)		95		95
US LIBOR + 2.25%
Maxar Technologies Ltd, Term Loan B
4.10%, 07/05/2024(d)		280		281
US LIBOR + 2.75%
Telenet Financing USD LLC, Term Loan AI
4.00%, 06/02/2025(d)		145		145
US LIBOR + 2.75%
West Corp, Term Loan
5.35%, 10/10/2024(d)		75		75
US LIBOR + 4.00%
			$	956
TOTAL SENIOR FLOATING RATE INTERESTS			$	7,897
Total Investments			$	11,308
Other Assets and Liabilities - (7.54)%			$	(793	)
TOTAL NET ASSETS - 100.00%			$	10,515

(a)	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities totaled $962 or 9.15% of net assets.
(b)	Security purchased on a when-issued basis.
(c)	Perpetual security. Perpetual securities pay an indefinite stream of interest, but they may be called by the issuer at an earlier date.
(d)	Rate information disclosed is based on an average weighted rate as of November 30, 2017.
(e)	This Senior Floating Rate Note will settle after November 30, 2017, at which time the interest rate will be determined.

Portfolio Summary (unaudited)
Sector	Percent
Consumer, Cyclical	19.05	%
Consumer, Non-cyclical	18.46	%
Investment Companies	15.87	%
Communications	14.99	%
Financial	13.18	%
Energy	7.28	%
Basic Materials	6.59	%
Industrial	5.59	%
Technology	4.73	%
Utilities	1.80	%
Other Assets and Liabilities	(7.54	)%
TOTAL NET ASSETS	100.00	%

See accompanying notes.

52

     Schedule of Investments EDGE MidCap Fund November 30, 2017 (unaudited)

COMMON STOCKS - 97.80%	Shares Held	Value (000's)		COMMON STOCKS (continued)	Shares Held		Value(000	's)
Airlines - 2.72%				Retail - 4.05%
Alaska Air Group Inc	182,444	$	12,620	Chipotle Mexican Grill Inc (a)	18,821	$	5,729
				Lululemon Athletica Inc (a)	194,368		13,014
Automobile Parts & Equipment - 2.73%						$	18,743
Autoliv Inc	98,864		12,647	Savings & Loans - 2.83%
				Washington Federal Inc	376,224		13,093
Banks - 3.52%
Cullen/Frost Bankers Inc	165,905		16,327	Semiconductors - 2.64%
				Microchip Technology Inc	140,815		12,249
Beverages - 1.01%
Dr Pepper Snapple Group Inc	51,870		4,678	Software - 7.82%
				Black Knight Inc (a)	388,881		17,461
Chemicals - 4.34%				Fair Isaac Corp	102,949		16,169
FMC Corp	38,960		3,678	j2 Global Inc	34,124		2,575
HB Fuller Co	290,433		16,430			$	36,205
		$	20,108	Toys, Games & Hobbies - 2.64%
Commercial Services - 1.62%				Hasbro Inc	131,314		12,215
Aaron's Inc	198,626		7,492
				Transportation - 5.09%
Consumer Products - 2.06%				Expeditors International of Washington Inc	221,985		14,381
Avery Dennison Corp	83,788		9,562	Kirby Corp (a)	136,184		9,165
						$	23,546
Diversified Financial Services - 2.78%				TOTAL COMMON STOCKS		$	453,168
FNF Group	318,250		12,876	INVESTMENT COMPANIES - 2.00%	Shares Held		Value(000	's)
				Money Market Funds - 2.00%
Electric - 6.65%				Morgan Stanley Institutional Liquidity Funds -	9,279,286		9,279
Eversource Energy	239,394		15,524	Government Portfolio
WEC Energy Group Inc	220,112		15,296
		$	30,820	TOTAL INVESTMENT COMPANIES		$	9,279
Electrical Components & Equipment - 3.50%				Total Investments		$	462,447
Energizer Holdings Inc	215,420		9,894	Other Assets and Liabilities - 0.20%		$	925
Littelfuse Inc	31,155		6,321	TOTAL NET ASSETS - 100.00%		$	463,372
		$	16,215
Electronics - 2.74%
Arrow Electronics Inc (a)	157,423		12,709	(a) Non-income producing security
Environmental Control - 2.27%
Waste Connections Inc	153,120		10,539
				Portfolio Summary (unaudited)
Food - 1.74%				Sector			Percent
B&G Foods Inc	208,370		8,064	Financial			21.62	%
				Industrial			17.21	%
Hand & Machine Tools - 3.61%				Consumer, Non-cyclical			16.68	%
Lincoln Electric Holdings Inc	138,091		12,586	Consumer, Cyclical			14.99	%
Snap-on Inc	24,419		4,137	Technology			10.46	%
		$	16,723	Utilities			6.65	%
Healthcare - Products - 7.51%				Energy			5.85	%
Teleflex Inc	68,732		18,250	Basic Materials			4.34	%
Varex Imaging Corp (a)	215,143		7,975	Investment Companies			2.00	%
Varian Medical Systems Inc (a)	76,639		8,564	Other Assets and Liabilities			0.20	%
		$	34,789	TOTAL NET ASSETS			100.00	%
Healthcare - Services - 2.74%
Universal Health Services Inc	117,339		12,714
Housewares - 1.48%
Tupperware Brands Corp	108,965		6,878
Insurance - 2.99%
Markel Corp (a)	12,528		13,867
Office Furnishings - 1.37%
HNI Corp	181,882		6,366
Oil & Gas - 5.85%
Cimarex Energy Co	109,160		12,675
Helmerich & Payne Inc	41,387		2,424
HollyFrontier Corp	270,094		12,014
		$	27,113
REITs - 9.50%
Alexandria Real Estate Equities Inc	81,984		10,417
Digital Realty Trust Inc	110,038		12,841
Omega Healthcare Investors Inc	365,313		9,809
Tanger Factory Outlet Centers Inc	437,019		10,943
		$	44,010

See accompanying notes.

53

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
COMMON STOCKS - 38.90%	Shares Held		Value (000's)	COMMON STOCKS (continued)	Shares Held		Value (000's)
Advertising - 0.03%				Automobile Parts & Equipment (continued)
Dentsu Inc	9,500	$	431	NOK Corp	14,400	$	352
Gendai Agency Inc	3,700		18	Nokian Renkaat OYJ	30,647		1,338
Omnicom Group Inc (a)	3,787		271	Rheinmetall AG	3,278		418
Relia Inc	10,900		123	Showa Corp	19,420		237
		$	843	Sumitomo Electric Industries Ltd	29,123		511
Aerospace & Defense - 1.04%				Sumitomo Riko Co Ltd	13,900		147
Arconic Inc (a)	116,122		2,858	Sumitomo Rubber Industries Ltd	61,100		1,118
Boeing Co/The	853		236	Tokai Rika Co Ltd	17,500		366
Cobham PLC (b)	249,329		429	Toyo Tire & Rubber Co Ltd	41,968		864
IHI Corp	6,080		190	Toyoda Gosei Co Ltd	12,600		316
Jamco Corp	5,850		152	Toyota Industries Corp	5,942		371
Leonardo SpA	29,313		350			$	17,681
Lockheed Martin Corp	2,484		793	Banks - 2.12%
Northrop Grumman Corp (a)	6,437		1,979	Banco Bilbao Vizcaya Argentaria SA	63,543		545
Orbital ATK Inc	49,115		6,480	Banco Santander SA	182,033		1,226
Raytheon Co (a)	5,529		1,057	Bank of America Corp	120,783		3,402
Rockwell Collins Inc (a)	89,314		11,816	Bank of Ireland Group PLC (b)	72,380		564
Ste Industrielle d'Aviation Latecoere SA (b)	139,748		911	Bank of Kyoto Ltd/The	1,500		77
Thales SA	2,835		286	Bank of New York Mellon Corp/The (a)	46,080		2,522
Ultra Electronics Holdings PLC	29,551		512	Bank of Nova Scotia/The	18,400		1,162
United Technologies Corp	1,835		223	Bank of the Ozarks	7,194		347
Zodiac Aerospace	30,234		889	Barclays PLC	102,079		266
		$	29,161	BB&T Corp	4,005		198
Agriculture - 0.35%				BNP Paribas SA	6,308		478
Altria Group Inc (a)	37,445		2,540	BOC Hong Kong Holdings Ltd	40,000		204
Archer-Daniels-Midland Co	34,266		1,367	Capital Bank Financial Corp	14,386		601
Bunge Ltd	69,756		4,667	Capital One Financial Corp (a)	28,844		2,653
Philip Morris International Inc (a)	7,204		740	China Construction Bank Corp	540,000		474
Swedish Match AB	11,543		437	Citigroup Inc	116,202		8,774
		$	9,751	Citizens Financial Group Inc	8,088		329
Airlines - 0.22%				Comerica Inc (a)	7,689		641
American Airlines Group Inc	38,991		1,969	Credit Suisse Group AG ADR(b)	34,253		579
Delta Air Lines Inc (a)	6,402		339	Danske Bank A/S	16,717		624
Japan Airlines Co Ltd	41,600		1,526	DBS Group Holdings Ltd	31,500		574
JetBlue Airways Corp (b)	58,600		1,258	DNB ASA	64,856		1,181
Southwest Airlines Co (a)	19,631		1,191	Erste Group Bank AG (b)	11,618		509
		$	6,283	First Citizens BancShares Inc/NC	1,259		537
Apparel - 0.36%				First Republic Bank/CA	9,799		936
Adidas AG	10,492		2,192	Goldman Sachs Group Inc/The	2,176		539
Hermes International	769		405	IBERIABANK Corp	74,859		5,820
LVMH Moet Hennessy Louis Vuitton SE	4,324		1,260	ICICI Bank Ltd ADR	39,604		378
NIKE Inc	88,344		5,338	Japan Post Bank Co Ltd	19,700		251
Sanyo Shokai Ltd	6,700		126	JPMorgan Chase & Co	3,934		411
Under Armour Inc - Class C (b)	69,540		830	M&T Bank Corp	17,473		2,952
		$	10,151	Macquarie Group Ltd	10,395		780
Automobile Manufacturers - 0.30%				MainSource Financial Group Inc	402		16
General Motors Co	30,184		1,301	Mediobanca SpA	31,117		359
Hino Motors Ltd	21,880		270	Mitsubishi UFJ Financial Group Inc	249,893		1,781
Honda Motor Co Ltd	28,320		946	Mizuho Financial Group Inc	708,600		1,289
Hyundai Motor Co	1,156		175	Oversea-Chinese Banking Corp Ltd	76,100		704
Mitsubishi Motors Corp	48,740		344	Park Sterling Corp	6,455		83
				PNC Financial Services Group Inc/The (a)	23,853		3,352
PACCAR Inc	17,423		1,225	Regions Financial Corp (a)	65,584		1,088
Peugeot SA	39,732		821
Subaru Corp	31,000		1,022	Resona Holdings Inc	55,700		297
Suzuki Motor Corp	10,500		568	San-In Godo Bank Ltd/The	7,900		72
Volkswagen AG	8,101		1,681	Sberbank of Russia PJSC	135,517		519
				Shinsei Bank Ltd	2,800		45
		$	8,353	Standard Chartered PLC (b)	75,782		756
Automobile Parts & Equipment - 0.63%				State Bank of India Ltd	3,797		186
Aisan Industry Co Ltd	12,300		140	State Street Corp (a)	18,581		1,772
Aisin Seiki Co Ltd	19,200		1,033	Sumitomo Mitsui Financial Group Inc	20,300		828
Allison Transmission Holdings Inc	22,442		921	Sumitomo Mitsui Trust Holdings Inc	11,720		436
BorgWarner Inc	3,581		199	SunTrust Banks Inc (a)	25,707		1,584
Daikyonishikawa Corp	11,280		190	Suruga Bank Ltd	35,700		771
Delphi Automotive PLC (a)	11,579		1,212
				Tochigi Bank Ltd/The	22,000		95
Denso Corp	17,400		983	Tokyo TY Financial Group Inc	4,023		108
Exedy Corp	8,300		249	Toronto-Dominion Bank/The	15,000		852
Keihin Corp	15,500		306	Toronto-Dominion Bank/The	4,800		273
Koito Manufacturing Co Ltd	13,100		910	UBS Group AG (b)	20,757		359
Lear Corp (a)	17,265		3,123
				United Overseas Bank Ltd	23,100		450
Magna International Inc	17,500		982	US Bancorp	1,548		85
NGK Insulators Ltd	26,990		518	Wells Fargo & Co (a)	15,855		895
NGK Spark Plug Co Ltd	26,506		616
Nissin Kogyo Co Ltd	13,300		261			$	59,589

See accompanying notes.

54

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value (000's)	COMMON STOCKS (continued)	Shares Held		Value (000's)
Beverages - 0.22%				Chemicals (continued)
Asahi Group Holdings Ltd	20,700	$	1,052	RPM International Inc	21,435	$	1,135
Coca-Cola Amatil Ltd	107,060		645	Sherwin-Williams Co/The	2,876		1,149
Coca-Cola Co/The	25,102		1,149	Shin-Etsu Chemical Co Ltd	23,074		2,431
Constellation Brands Inc	420		91	Sumitomo Chemical Co Ltd	33,762		237
Diageo PLC	45,691		1,580	Tokai Carbon Co Ltd	16,100		172
Heineken NV	3,891		396	Tokyo Ohka Kogyo Co Ltd	4,150		175
Hite Jinro Co Ltd	10,129		221	Tosoh Corp	21,700		482
PepsiCo Inc	2,568		299	Westlake Chemical Corp	6,373		624
Refresco Group NV (c)	12,083		285	Yara International ASA	3,462		154
Suntory Beverage & Food Ltd	11,300		489			$	58,327
		$	6,207	Coal - 0.01%
Biotechnology - 0.50%				China Shenhua Energy Co Ltd	125,000		309
Alexion Pharmaceuticals Inc (a),(b)	11,403		1,252
Biogen Inc (a),(b)	6,780		2,184	Commercial Services - 1.44%
Celgene Corp (a),(b)	3,241		327	Adecco Group AG (b)	11,746		889
Exact Sciences Corp (b)	19,525		1,161	Altech Corp	2,100		71
Illumina Inc (a),(b)	1,156		266	AMERCO	4,141		1,535
Incyte Corp (a),(b)	3,554		352	Automatic Data Processing Inc	1,560		179
Ionis Pharmaceuticals Inc (b)	6,190		344	Benesse Holdings Inc	4,220		149
Puma Biotechnology Inc (b)	54,310		5,751	Bureau Veritas SA	13,458		357
Regeneron Pharmaceuticals Inc (a),(b)	2,785		1,008	Capella Education Co	295		25
United Therapeutics Corp (a),(b)	11,828		1,538	Cimpress NV (b)	1,766		215
		$	14,183	Cintas Corp	10,185		1,603
Building Materials - 0.51%				CoStar Group Inc (b)	6,967		2,125
Boral Ltd	89,907		514	Everi Holdings Inc (a),(b)	443,546		3,615
CEMEX Holdings Philippines Inc (b),(c)	1,388,200		120	JAC Recruitment Co Ltd	5,600		113
Cemex SAB de CV ADR(b)	387,460		2,941	Kroton Educacional SA	100,500		555
China Resources Cement Holdings Ltd	838,000		555	Localiza Rent a Car SA	24,000		147
Cie de Saint-Gobain	8,774		500	Macquarie Infrastructure Corp (a)	159,473		10,649
CRH PLC	14,326		495	ManpowerGroup Inc (a)	23,208		2,991
Geberit AG	1,056		460	Moody's Corp (a)	10,634		1,615
LafargeHolcim Ltd (b)	5,889		323	Nets A/S (b),(c)	40,572		1,063
Lennox International Inc	10,680		2,240	New Oriental Education & Technology Group	1,913		162
Martin Marietta Materials Inc	11,165		2,327	Inc ADR
Masco Corp (a)	44,646		1,916	Outsourcing Inc	6,065		107
Sanwa Holdings Corp	17,900		237	PayPal Holdings Inc (b)	22,263		1,686
Sika AG	100		774	Persol Holdings Co Ltd	4,900		115
Taiheiyo Cement Corp	4,975		205	Prestige International Inc	9,100		115
Wienerberger AG	15,984		363	QinetiQ Group PLC	76,141		223
Xinyi Glass Holdings Ltd	231,100		282	Randstad Holding NV	20,125		1,238
		$	14,252	Recruit Holdings Co Ltd	42,300		997
Chemicals - 2.07%				Rent-A-Center Inc/TX	5,032		57
Air Products & Chemicals Inc (a)	35,565		5,798	S&P Global Inc (a)	12,047		1,993
Arkema SA	7,214		883	Secom Co Ltd	25,000		1,873
Axalta Coating Systems Ltd (b)	29,896		947	ServiceMaster Global Holdings Inc (b)	14,177		693
Brenntag AG	12,012		748	SGS SA	377		934
Calgon Carbon Corp	11,293		244	Sohgo Security Services Co Ltd	2,110		117
CF Industries Holdings Inc	19,114		716	Square Inc (b)	4,140		162
Denka Co Ltd	5,340		198	Strike Co Ltd	1,000		44
DIC Corp	5,194		195	TechnoPro Holdings Inc	6,670		335
DowDuPont Inc	1,512		109	Toppan Forms Co Ltd	15,500		169
Eastman Chemical Co	30,604		2,827	TransUnion (b)	6,530		363
EMS-Chemie Holding AG	1,070		714	Transurban Group	41,004		390
FMC Corp	41,513		3,919	Vantiv Inc (b)	12,417		931
GCP Applied Technologies Inc (b)	34,117		1,117			$	40,600
Hitachi Chemical Co Ltd	41,700		1,103	Computers - 1.16%
Huntsman Corp	68,533		2,190	Accenture PLC - Class A (a)	15,456		2,288
International Flavors & Fragrances Inc (a)	8,670		1,348	Apple Inc (a)	49,602		8,524
JSR Corp	23,600		454	Atos SE	8,433		1,246
Kanto Denka Kogyo Co Ltd	13,200		151	Barracuda Networks Inc (b)	1,670		46
KH Neochem Co Ltd	7,375		176	Cognizant Technology Solutions Corp (a)	21,898		1,583
Kuraray Co Ltd	33,500		647	Dell Technologies Inc Class V (b)	150,268		11,757
Linde AG (b)	2,737		635	Ferrotec Holdings Corp	16,100		319
LyondellBasell Industries NV (a)	9,421		986	ForeScout Technologies Inc (b)	300		7
Mitsubishi Gas Chemical Co Inc	21,600		606	Fortinet Inc (a),(b)	24,598		1,035
Monsanto Co	156,109		18,474	Fujitsu Ltd	153,780		1,152
Mosaic Co/The	34,357		835	HP Inc (a)	29,070		623
Nippon Paint Holdings Co Ltd	9,000		277	Inventec Corp	612,000		461
Nippon Shokubai Co Ltd	2,960		207	Melco Holdings Inc	3,410		113
Nissan Chemical Industries Ltd	13,800		554	NetApp Inc (a)	5,943		336
Nitto Denko Corp	10,000		990	Obic Co Ltd	3,600		250
Platform Specialty Products Corp (b)	63,089		628	SCSK Corp	11,150		489
Praxair Inc (a),(d)	20,088		3,092	Silver Spring Networks Inc (b)	16,873		271

See accompanying notes.

55

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value (000's)	COMMON STOCKS (continued)	Shares Held		Value (000's)
Computers (continued)				Electric (continued)
TDK Corp	9,745	$	804	NRG Energy Inc	127,231	$	3,518
Western Digital Corp (a)	18,129		1,430	Origin Energy Ltd (b)	199,843		1,356
		$	32,734	PG&E Corp	14,200		770
Consumer Products - 0.19%				PPL Corp (a)	31,530		1,156
Avery Dennison Corp (a)	19,475		2,223	Vistra Energy Corp	19,899		376
Church & Dwight Co Inc (a)	12,738		600	Westar Energy Inc	26,335		1,507
Kimberly-Clark Corp (a)	20,117		2,409			$	16,577
		$	5,232	Electrical Components & Equipment - 0.10%
Cosmetics & Personal Care - 0.34%				AMETEK Inc	6,346		461
Beiersdorf AG	3,326		396	Funai Electric Co Ltd	16,700		129
Ci:z Holdings Co Ltd	2,000		84	Legrand SA	5,239		392
Colgate-Palmolive Co	31,492		2,282	Schneider Electric SE (b)	15,160		1,303
Coty Inc	101,156		1,743	Ushio Inc	16,800		243
Estee Lauder Cos Inc/The	506		63	W-Scope Corp	7,800		157
Kao Corp	4,100		272			$	2,685
Lion Corp	24,800		464	Electronics - 0.43%
Pola Orbis Holdings Inc	8,700		318	Agilent Technologies Inc (a)	16,015		1,109
Procter & Gamble Co/The (a)	14,170		1,275	Alps Electric Co Ltd	24,901		800
Shiseido Co Ltd	6,600		323	Amphenol Corp (a)	17,401		1,576
Unicharm Corp	42,900		1,127	Fortive Corp (a)	28,607		2,136
Unilever NV	20,157		1,162	Hirose Electric Co Ltd	6,300		942
		$	9,509	Hitachi High-Technologies Corp	19,632		819
Distribution & Wholesale - 0.11%				Honeywell International Inc	1,563		244
Bunzl PLC	15,377		440	Hosiden Corp	9,100		144
Fastenal Co	14,107		739	Keysight Technologies Inc (b)	14,597		635
Fourlis Holdings SA (b)	23,177		149	Kuroda Electric Co Ltd	7,400		179
ITOCHU Corp	12,410		216	Mettler-Toledo International Inc (a),(b)	1,271		800
Marubeni Corp	33,500		224	MINEBEA MITSUMI Inc	24,975		498
Mitsubishi Corp	41,000		1,031	Nichicon Corp	18,400		246
Nippon Gas Co Ltd	3,600		128	Nippon Ceramic Co Ltd	6,700		182
Trusco Nakayama Corp	6,260		175	Omron Corp	6,600		391
		$	3,102	Siix Corp	4,640		197
Diversified Financial Services - 1.04%				Sodick Co Ltd	5,700		76
Acom Co Ltd (b)	129,006		539	Tokyo Seimitsu Co Ltd	9,920		415
Alliance Data Systems Corp	3,308		791	Waters Corp (a),(b)	4,342		856
American Express Co	34,536		3,374			$	12,245
Blackhawk Network Holdings Inc (b)	888		33	Energy - Alternate Sources - 0.07%
BlackRock Inc	2,696		1,351	China Longyuan Power Group Corp Ltd	507,000		343
CME Group Inc (a)	6,342		948	Vestas Wind Systems A/S	25,464		1,624
Credit Acceptance Corp (b)	3,694		1,119			$	1,967
E*TRADE Financial Corp (b)	13,381		644	Engineering & Construction - 0.23%
Element Comm Aviation (b),(e),(f),(g)	280		2,773	Aecon Group Inc	10,710		163
Franklin Resources Inc (a)	42,543		1,844	Chiyoda Corp	33,800		223
Ichigo Inc	64,500		240	CIMIC Group Ltd	24,769		963
Ichiyoshi Securities Co Ltd	14,300		164	Fluor Corp (a)	17,742		859
Intercontinental Exchange Inc (a)	15,560		1,112	Hazama Ando Corp	20,406		162
Invesco Ltd	3,880		140	HOCHTIEF AG	9,531		1,677
Julius Baer Group Ltd (b)	6,427		378	JGC Corp	15,400		269
Kenedix Inc	24,600		169	Kyudenko Corp	6,417		305
London Stock Exchange Group PLC	23,156		1,184	Obayashi Corp	58,900		765
Mastercard Inc (a)	6,982		1,051	SHO-BOND Holdings Co Ltd	2,600		165
Ocwen Financial Corp (b)	330,698		1,055	Sydney Airport	44,325		249
Partners Group Holding AG	4,720		3,251	Toyo Engineering Corp	13,000		147
SEI Investments Co (a)	16,254		1,144	Vinci SA	4,869		497
Synchrony Financial (a)	23,507		844			$	6,444
T Rowe Price Group Inc (a)	10,467		1,077	Entertainment - 0.29%
TD Ameritrade Holding Corp	20,975		1,073	Avex Inc	13,700		189
Visa Inc	23,263		2,620	Churchill Downs Inc	2,347		552
Zenkoku Hosho Co Ltd	5,740		248	Genting Singapore PLC	1,664,200		1,647
		$	29,166	IMAX China Holding Inc (b),(c)	129,900		396
Electric - 0.59%				OPAP SA	35,748		436
AGL Energy Ltd	94,809		1,798	Pinnacle Entertainment Inc (a),(b)	147,138		4,514
American Electric Power Co Inc	660		51	Regal Entertainment Group	6,559		133
Avista Corp	24,468		1,271	Sankyo Co Ltd	8,350		270
Calpine Corp (b)	69,668		1,046			$	8,137
CenterPoint Energy Inc (a)	21,285		639	Environmental Control - 0.36%
Chubu Electric Power Co Inc	21,800		276	Clean Harbors Inc (b)	7,097		382
Dynegy Inc (b)	40,637		493	Daiseki Co Ltd	4,250		112
E.ON SE	42,899		497	METAWATER Co Ltd	1,100		28
Endesa SA	65,011		1,450	Stericycle Inc (b)	32,363		2,146
Exelon Corp	4,172		174	Waste Connections Inc	99,706		6,863
NextEra Energy Inc	1,258		199	Waste Management Inc (a)	7,824		644
						$	10,175

See accompanying notes.

56

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value (000's)	COMMON STOCKS (continued)	Shares Held		Value (000's)
Food - 0.86%				Healthcare - Services (continued)
Ajinomoto Co Inc	11,600	$	213	Centene Corp (a),(b)	14,000	$	1,429
Belc Co Ltd	1,800		101	CMIC Holdings Co Ltd	5,700		86
Bob Evans Farms Inc/DE	528		41	EPS Holdings Inc	6,200		134
CJ CheilJedang Corp	1,674		617	Fresenius Medical Care AG & Co KGaA	19,160		1,910
Conagra Brands Inc	89,938		3,357	Humana Inc	8,234		2,148
Empire Co Ltd	24,900		479	Laboratory Corp of America Holdings (b)	7,983		1,263
Ezaki Glico Co Ltd	13,701		676	PeptiDream Inc (b)	2,048		69
Hershey Co/The (a)	19,822		2,199	Ryman Healthcare Ltd	88,352		634
Ingredion Inc (a)	3,000		416	Teladoc Inc (b)	909		34
Itoham Yonekyu Holdings Inc	20,500		186	UnitedHealth Group Inc	7,305		1,667
Kikkoman Corp	6,100		239			$	18,805
Kroger Co/The	46,153		1,194	Holding Companies - Diversified - 0.07%
METRO AG (b)	32,885		642	J2 Acquisition Ltd (b),(c)	38,500		374
Mondelez International Inc	3,559		153	J2 Acquisition Ltd - Warrants (b)	38,500		16
Morinaga & Co Ltd/Japan	1,060		53	Jardine Matheson Holdings Ltd	6,800		426
Nestle SA	28,914		2,474	Leucadia National Corp (a)	17,435		459
NH Foods Ltd	23,000		565	Matlin and Partners Acquisition Corp (b)	62,713		609
Pinnacle Foods Inc	73,207		4,263	Matlin and Partners Acquisition Corp -	103,668		39
Safeway, Inc. - CVR - Casa Ley (b),(e),(g)	11,050		—	Warrants (b)
Safeway, Inc. - CVR - Property Development	11,050		—	Ocelot Partners Ltd (b),(c)	15,246		142
Centers (b),(e),(g)				Ocelot Partners Ltd - Warrants (b)	15,246		5
Saputo Inc	45,800		1,554			$	2,070
Seven & i Holdings Co Ltd	18,083		748	Home Builders - 0.25%
Tesco PLC	702,944		1,845	Cairn Homes PLC (b)	227,672		483
US Foods Holding Corp (b)	68,468		1,994
				CalAtlantic Group Inc	20,170		1,130
Warabeya Nichiyo Holdings Co Ltd	2,500		67	Daiwa House Industry Co Ltd	19,110		702
		$	24,076	Glenveagh Properties PLC (b),(c)	250,919		340
Forest Products & Paper - 0.20%				Land & Houses PCL	986,600		317
Deltic Timber Corp	760		70	NVR Inc (b)	1,016		3,531
Domtar Corp	17,214		830	Sekisui House Ltd	18,700		350
International Paper Co	34,089		1,930	Taylor Wimpey PLC	98,223		260
Mondi PLC	9,224		220			$	7,113
Smurfit Kappa Group PLC	15,708		501	Home Furnishings - 0.20%
UPM-Kymmene OYJ	68,742		2,069	Pioneer Corp (b)	170,100		331
		$	5,620	SEB SA	1,806		333
Gas - 0.20%				Sharp Corp/Japan (b)	8,500		270
Snam SpA	294,960		1,486	Sony Corp	99,800		4,671
Toho Gas Co Ltd	27,400		780			$	5,605
UGI Corp (a)	37,167		1,822
				Insurance - 1.70%
WGL Holdings Inc	18,179		1,537	Aflac Inc (a)	14,103		1,236
		$	5,625	Alleghany Corp (b),(d)	1,038		607
Hand & Machine Tools - 0.14%				American International Group Inc (d)	31,477		1,887
Disco Corp	169		38	AMP Ltd	542,047		2,109
DMG Mori Co Ltd	12,200		247	Aon PLC (a)	4,371		613
Finning International Inc	42,400		1,016	Arch Capital Group Ltd (a),(b)	9,294		880
Fuji Electric Co Ltd	58,000		411	Assurant Inc (a)	10,618		1,071
SMC Corp/Japan	1,700		692	Athene Holding Ltd (a),(b)	74,020		3,558
Stanley Black & Decker Inc (a)	8,621		1,463	AXA SA	51,382		1,550
		$	3,867	Axis Capital Holdings Ltd (a)	41,178		2,157
Healthcare - Products - 1.03%				Berkshire Hathaway Inc - Class B (b)	7,367		1,422
Advanced Accelerator Applications SA	12,403		1,009	Brighthouse Financial Inc (b)	1,872		110
ADR(b)				Chubb Ltd	14,044		2,136
Align Technology Inc (b)	674		176	Dai-ichi Life Holdings Inc	23,900		492
Asahi Intecc Co Ltd	3,810		252	Everest Re Group Ltd (a)	6,384		1,402
Baxter International Inc (a)	42,313		2,773	Fairfax Financial Holdings Ltd	1,970		1,083
CR Bard Inc (a)	35,101		11,791	Genworth Financial Inc (b)	76,959		261
Danaher Corp (a)	12,406		1,171	Insurance Australia Group Ltd	83,818		457
Edwards Lifesciences Corp (a),(b)	24,574		2,880	Japan Post Holdings Co Ltd	100,500		1,159
Exactech Inc (b)	1,169		49	Markel Corp (b)	2,678		2,964
Hologic Inc (b)	38,057		1,588	Marsh & McLennan Cos Inc (a)	26,342		2,211
IDEXX Laboratories Inc (a),(b)	1,473		230	MetLife Inc	38,488		2,066
Insulet Corp (b)	5,850		420	MGIC Investment Corp (b)	57,300		838
Medtronic PLC	21,166		1,739	MS&AD Insurance Group Holdings Inc	50,800		1,662
Nipro Corp	18,700		271	Muenchener Rueckversicherungs-Gesellschaft	6,757		1,506
NxStage Medical Inc (b)	28,107		722	AG in Muenchen
Straumann Holding AG	1,119		834	NN Group NV	16,887		740
Teleflex Inc	2,573		683	Progressive Corp/The (a)	26,849		1,428
Zimmer Biomet Holdings Inc	21,271		2,491	RenaissanceRe Holdings Ltd (a)	8,886		1,179
		$	29,079	Sampo Oyj	11,640		615
Healthcare - Services - 0.67%				Sompo Holdings Inc	32,000		1,298
Aetna Inc	51,994		9,368	T&D Holdings Inc	36,200		599
Ain Holdings Inc	682		47	Tokio Marine Holdings Inc	36,652		1,626
Almost Family Inc (b)	264		16	Travelers Cos Inc/The (a)	6,100		827

See accompanying notes.

57

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value (000's)	COMMON STOCKS (continued)	Shares Held		Value (000's)
Insurance (continued)				Lodging (continued)
White Mountains Insurance Group Ltd	922	$	821	Las Vegas Sands Corp (a)	39,953	$	2,768
Willis Towers Watson PLC	5,173		832	Marriott International Inc/MD	39,505		5,017
XL Group Ltd (a)	47,565		1,846	Melco Resorts & Entertainment Ltd ADR	22,528		588
Zurich Insurance Group AG	1,916		580	MGM Resorts International	55,826		1,905
		$	47,828	Tropicana Entertainment Inc (b)	53,176		2,978
Internet - 1.61%				Wynn Macau Ltd	92,400		266
Alibaba Group Holding Ltd ADR(b)	3,404		603	Wynn Resorts Ltd	13,608		2,151
Alphabet Inc - A Shares (a),(b)	8,097		8,390			$	30,242
Alphabet Inc - C Shares (b)	2,970		3,034	Machinery - Construction & Mining - 0.18%
Amazon.com Inc (a),(b)	5,749		6,765	ABB Ltd	43,842		1,126
Dip Corp	10,696		279	Atlas Copco AB - A Shares	45,373		1,951
DraftKings Inc (b),(e),(f),(g)	54,277		84	Hitachi Ltd	248,000		1,858
eBay Inc (a),(b)	27,342		948	Tadano Ltd	9,750		150
Expedia Inc	7,097		869			$	5,085
F5 Networks Inc (b)	5,582		749	Machinery - Diversified - 0.55%
Facebook Inc (a),(b)	64,044		11,348	AGCO Corp (a)	14,172		1,003
GoDaddy Inc (b)	31,113		1,513	Alstom SA	78,727		3,247
Klarna Holding AB (b),(f),(g)	808		93	Cummins Inc (a)	12,885		2,157
LAC Co Ltd	8,200		109	Daifuku Co Ltd	1,674		92
LIFULL Co Ltd	7,800		64	FANUC Corp	7,900		1,976
Mail.Ru Group Ltd (b)	4,558		134	Hisaka Works Ltd	8,000		84
Mixi Inc	29,600		1,379	Husqvarna AB	42,194		385
NCSoft Corp	611		246	IDEX Corp	14,065		1,907
Netflix Inc (b)	8,440		1,583	Japan Elevator Service Holdings Co Ltd	1,900		33
NHN Entertainment Corp (b)	2,340		146	Kubota Corp	23,400		445
PChome Online Inc	36,000		160	Mitsubishi Heavy Industries Ltd	14,180		528
Priceline Group Inc/The (a),(b)	391		680	Rockwell Automation Inc (a)	5,326		1,029
Proofpoint Inc (b)	425		38	Toshiba Machine Co Ltd	35,700		254
Proto Corp	2,500		37	Xylem Inc/NY	27,867		1,932
Rakuten Inc	95,900		984	Zebra Technologies Corp (b)	3,102		342
SMS Co Ltd	4,000		128			$	15,414
Trade Desk Inc/The (b)	16,406		806	Media - 1.43%
United Internet AG	6,939		468	CJ E&M Corp	4,097		324
Wayfair Inc (b)	15,214		1,065	Comcast Corp - Class A	3,055		115
Yahoo Japan Corp	76,800		353	Discovery Communications Inc - C Shares	45,927		830
Yandex NV (b)	28,382		940	(a),(b)
Yume No Machi Souzou Iinkai Co Ltd	7,500		141	DISH Network Corp (b)	158,603		8,034
Zillow Group Inc - A Shares (b)	3,113		128	FactSet Research Systems Inc	6,167		1,233
Zillow Group Inc - C Shares (b)	24,441		1,003	Fuji Media Holdings Inc	12,820		192
		$	45,267	Gray Television Inc (a),(b)	241,288		3,475
Investment Companies - 0.28%				Nexstar Media Group Inc (a)	50,456		3,426
Altaba Inc (b)	91,081		6,381	Nippon Television Holdings Inc	25,445		461
Kinnevik AB	48,363		1,552	Scripps Networks Interactive Inc	45,935		3,759
		$	7,933	Sinclair Broadcast Group Inc (a)	105,289		3,585
Iron & Steel - 0.19%				Thomson Reuters Corp	7,700		339
ArcelorMittal (b)	44,310		1,334	Time Inc	13,714		255
Chubu Steel Plate Co Ltd	7,200		54	Time Warner Inc	46,955		4,297
Hitachi Metals Ltd	7,500		100	Tribune Media Co	208,893		8,606
Japan Steel Works Ltd/The	12,600		405	TV Asahi Holdings Corp	5,780		123
JFE Holdings Inc	18,183		432	Walt Disney Co/The	760		80
Kobe Steel Ltd	14,500		138	Wolters Kluwer NV	10,173		527
Kyoei Steel Ltd	11,100		199	World Wrestling Entertainment Inc	24,764		705
Nakayama Steel Works Ltd	15,400		99			$	40,366
Steel Dynamics Inc	21,562		830	Metal Fabrication & Hardware - 0.02%
Tokyo Steel Manufacturing Co Ltd	46,900		409	Neturen Co Ltd	7,800		82
Vale SA ADR	30,297		324	Tocalo Co Ltd	3,100		132
voestalpine AG	12,940		751	Tsubaki Nakashima Co Ltd	7,600		170
Yamato Kogyo Co Ltd	10,260		279	UACJ Corp	3,300		86
		$	5,354			$	470
Leisure Products & Services - 0.06%				Mining - 0.40%
Hana Tour Service Inc	4,165		410	Agnico Eagle Mines Ltd	24,900		1,091
Harley-Davidson Inc	17,097		858	Alamos Gold Inc	27,898		177
Yamaha Corp	12,200		450	Alcoa Corp (b)	19,306		801
		$	1,718	Alumina Ltd	161,096		273
Lodging - 1.07%				Barrick Gold Corp	74,400		1,028
Caesars Entertainment Corp (b)	206,326		2,734	Boliden AB	29,199		924
Choice Hotels International Inc	20,701		1,625	Constellium NV (b)	82,872		878
Galaxy Entertainment Group Ltd	82,000		594	Franco-Nevada Corp	9,900		807
Hilton Worldwide Holdings Inc (a)	79,096		6,136	Freeport-McMoRan Inc (a),(b)	125,506		1,747
ILG Inc	72,957		2,049	Glencore PLC (b)	54,975		253
InterContinental Hotels Group PLC	14,583		858	Kinross Gold Corp (b)	113,200		473
Kyoritsu Maintenance Co Ltd	15,873		573	Mitsubishi Materials Corp	1,145		39
				Newcrest Mining Ltd	57,586		1,011

See accompanying notes.

58

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value (000's)	COMMON STOCKS (continued)	Shares Held		Value (000's)
Mining (continued)				Oil & Gas Services (continued)
Newmont Mining Corp (a)	42,109	$	1,558	Schlumberger Ltd	62,525	$	3,930
Pacific Metals Co Ltd (b)	6,050		159			$	18,911
Randgold Resources Ltd	1,776		163	Packaging & Containers - 0.15%
		$	11,382	Ball Corp	19,324		771
Miscellaneous Manufacturers - 0.25%				Berry Global Group Inc (b)	7,360		440
AO Smith Corp (a)	11,208		711	CCL Industries Inc	11,500		533
Dover Corp	7,596		742	Crown Holdings Inc (b)	6,970		416
Eaton Corp PLC (a)	23,880		1,857	KapStone Paper and Packaging Corp	15,789		351
EnPro Industries Inc	1,415		122	Packaging Corp of America	2,787		331
FUJIFILM Holdings Corp	6,524		267	RPC Group PLC	25,831		323
General Electric Co (a)	60,603		1,109	Silgan Holdings Inc (d)	22,030		636
Illinois Tool Works Inc (a)	11,562		1,957	WestRock Co	6,978		436
Nikon Corp	14,600		290			$	4,237
Tenma Corp	2,100		40	Pharmaceuticals - 1.64%
		$	7,095	Akorn Inc (b)	31,744		1,033
Office & Business Equipment - 0.02%				Allergan PLC (a)	14,986		2,606
Canon Inc	13,500		518	Astellas Pharma Inc	112,000		1,424
				AstraZeneca PLC	7,302		471
Oil & Gas - 1.87%				AstraZeneca PLC ADR	30,515		1,003
Anadarko Petroleum Corp	12,753		613	Bayer AG	36,307		4,634
Andeavor	8,551		902	Bristol-Myers Squibb Co (a)	124,792		7,886
Bonanza Creek Energy Inc (b)	4,771		132	Cardinal Health Inc	21,720		1,286
BP PLC	23,207		155	China Traditional Chinese Medicine Holdings	678,000		358
Calumet Specialty Products Partners LP (b)	157,157		1,352	Co Ltd
Canadian Natural Resources Ltd	4,263		145	Daiichi Sankyo Co Ltd	17,800		429
Canadian Natural Resources Ltd	2,300		78	DexCom Inc (b)	17,001		993
Chevron Corp (a)	24,451		2,910	Eisai Co Ltd	5,260		298
Cimarex Energy Co (a)	20,096		2,333	Eli Lilly & Co	1,723		146
ConocoPhillips (a)	55,557		2,826	McKesson Corp	10,781		1,593
Crescent Point Energy Corp	45,400		331	Merck & Co Inc	13,727		759
Devon Energy Corp (a)	51,117		1,970	Mitsubishi Tanabe Pharma Corp	34,200		739
Diamondback Energy Inc (b)	44,572		4,872	Mylan NV (b)	203,787		7,444
Dommo Energia SA ADR(b)	26,974		8	Neurocrine Biosciences Inc (b)	2,861		206
Encana Corp	17,300		205	Nippon Shinyaku Co Ltd	4,190		300
Encana Corp	23,886		283	Novartis AG	26,121		2,241
EOG Resources Inc	3,671		376	Novo Nordisk A/S	16,043		829
EQT Corp	471		28	Omega Protein Corp	6,116		134
Exxon Mobil Corp (a)	17,844		1,486	Ono Pharmaceutical Co Ltd	6,620		151
Halcon Resources Corp (b)	453,491		3,215	Orion Oyj	30,591		1,130
Hess Corp	27,736		1,273	Pfizer Inc	10,042		364
Husky Energy Inc (b)	90,400		1,095	PharMerica Corp (b)	2,625		77
Inpex Corp	26,700		304	Recordati SpA	31,235		1,405
Jagged Peak Energy Inc (b)	42,513		645	Shionogi & Co Ltd	35,800		1,995
Japan Petroleum Exploration Co Ltd	11,400		263	Sino Biopharmaceutical Ltd	174,000		229
JXTG Holdings Inc	26,000		147	Suzuken Co Ltd/Aichi Japan	6,795		269
Marathon Petroleum Corp (a)	9,926		622	Takeda Pharmaceutical Co Ltd	14,300		789
Midstates Petroleum Co Inc (b)	132,976		2,209	TESARO Inc (b)	3,694		313
Neste Oyj	9,023		560	UCB SA	25,733		1,924
Newfield Exploration Co (a),(b)	88,359		2,733	Zoetis Inc (a)	9,637		697
Occidental Petroleum Corp	6,030		425			$	46,155
Oil Search Ltd	82,707		443	Pipelines - 0.02%
OMV AG	24,613		1,533	Williams Cos Inc/The (a)	18,905		549
Parsley Energy Inc (b)	19,372		520
PDC Energy Inc (b)	11,934		548	Private Equity - 0.10%
Phillips 66 (a)	6,822		666	3i Group PLC	127,305		1,553
Range Resources Corp (a)	20,795		375	Kennedy-Wilson Holdings Inc	37,920		726
Repsol SA	92,380		1,694	Onex Corp	6,200		448
Rowan Cos PLC (b)	35,820		518			$	2,727
Showa Shell Sekiyu KK	86,200		1,105	Real Estate - 0.48%
SM Energy Co	104,017		2,147	Aedas Homes SAU (b),(c)	7,323		261
Statoil ASA	45,751		920	BR Malls Participacoes SA	75,000		277
Suncor Energy Inc	12,700		440	Hang Lung Group Ltd	417,000		1,500
TOTAL SA	22,632		1,279	Kerry Properties Ltd	123,000		545
Ultra Petroleum Corp (b)	368,014		3,529	LEG Immobilien AG	3,367		358
Valero Energy Corp	433		37	Mitsubishi Estate Co Ltd	30,100		539
Whiting Petroleum Corp (b)	75,449		1,882	Neinor Homes SA (b),(c)	22,273		471
YPF SA ADR	21,404		486	Realogy Holdings Corp	28,172		786
		$	52,618	Shimao Property Holdings Ltd	189,500		371
Oil & Gas Services - 0.67%				Takara Leben Co Ltd	29,300		133
Baker Hughes a GE Co (a)	39,229		1,166	VICI Properties Inc (b)	371,543		7,338
C&J Energy Services Inc (b)	104,798		3,276	Vonovia SE	19,138		902
Halliburton Co (a)	252,248		10,539	WeWork Cos Inc (b),(e),(f),(g)	356		18
						$	13,499

See accompanying notes.

59

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value (000's)	COMMON STOCKS (continued)	Shares Held		Value (000's)
REITs - 0.75%				Semiconductors (continued)
AGNC Investment Corp (a)	33,617	$	669	Applied Materials Inc (a)	44,667	$	2,357
American Tower Corp	10,898		1,568	ASML Holding NV	3,672		644
AvalonBay Communities Inc (a)	3,982		722	Broadcom Ltd	23,484		6,527
Equinix Inc	402		187	Cavium Inc (b)	18,851		1,611
Equity Residential (a)	7,142		477	Cypress Semiconductor Corp	8,279		132
Forest City Realty Trust Inc	80,456		1,927	Enplas Corp	2,280		94
GGP Inc	61,732		1,451	Intel Corp	17,743		796
Goodman Group	25,494		168	IXYS Corp (b)	3,615		88
Grivalia Properties REIC AE	35,996		362	King Yuan Electronics Co Ltd	371,500		387
Hibernia REIT plc	188,859		322	KLA-Tencor Corp (a)	10,790		1,103
Hoshino Resorts REIT Inc	10		50	Lattice Semiconductor Corp (b)	16,961		100
Host Hotels & Resorts Inc	226,943		4,491	Maxim Integrated Products Inc (a)	10,527		551
Klepierre SA	31,152		1,285	Microchip Technology Inc	12,249		1,065
Land Securities Group PLC	16,426		207	Micron Technology Inc (b)	55,333		2,346
New York REIT Inc (a),(b)	442,563		2,231	Micronics Japan Co Ltd	5,900		58
Public Storage	13,065		2,784	Miraial Co Ltd	5,400		87
RioCan Real Estate Investment Trust	18,000		347	NVIDIA Corp	6,934		1,392
RLJ Lodging Trust	24,702		536	NXP Semiconductors NV (b)	11,607		1,316
Unibail-Rodamco SE	1,575		403	QUALCOMM Inc	182,301		12,094
Weyerhaeuser Co (a)	26,473		937	Renesas Electronics Corp (b)	11,200		138
		$	21,124	Samsung Electronics Co Ltd	325		765
Retail - 1.99%				Shinko Electric Industries Co Ltd	29,000		224
Adastria Co Ltd	2,500		55	Skyworks Solutions Inc (a)	10,493		1,099
Best Buy Co Inc (a)	4,260		254	Teradyne Inc	4,498		182
Buffalo Wild Wings Inc (b)	4,246		662	Texas Instruments Inc (a)	15,292		1,488
CarMax Inc (b)	6,568		453	UT Group Co Ltd (b)	1,100		30
Cawachi Ltd	4,800		120	Xcerra Corp (b)	23,745		235
Chipotle Mexican Grill Inc (b)	1,684		513	Xilinx Inc (a)	22,325		1,552
Cie Financiere Richemont SA	4,102		354			$	39,399
Citizen Watch Co Ltd	34,600		253	Software - 1.62%
cocokara fine Inc	2,250		141	Activision Blizzard Inc	38,655		2,412
Costco Wholesale Corp (a)	35,936		6,627	Adobe Systems Inc (a),(b)	12,710		2,307
Dollar Tree Inc (b)	8,571		881	Alpha Systems Inc	1,400		30
Dollarama Inc	6,400		782	Amadeus IT Group SA	10,446		753
Domino's Pizza Inc (a)	6,163		1,147	ANSYS Inc (b)	6,851		1,015
Fast Retailing Co Ltd	5,400		2,103	Autodesk Inc (b)	19,522		2,142
Foot Locker Inc	14,400		617	Birst Inc (b),(e),(f),(g)	21,065		4
H2O Retailing Corp	9,050		177	Black Knight Inc (b)	22,800		1,024
Home Depot Inc/The (a)	10,853		1,952	BroadSoft Inc (b)	4,331		238
Honeys Holdings Co Ltd	6,280		64	CA Inc (a)	23,077		763
HSN Inc	6,384		260	Capcom Co Ltd	15,300		438
Hyundai Department Store Co Ltd	1,867		168	Citrix Systems Inc (a),(b)	36,554		3,203
IDOM Inc	16,000		119	Constellation Software Inc/Canada	2,500		1,464
Jack in the Box Inc	68,071		7,046	Cresco Ltd	2,050		88
Jand Inc (b),(e),(f),(g)	1,693		14	DeNA Co Ltd	29,340		666
Jean Coutu Group PJC Inc/The	20,312		387	Electronic Arts Inc (a),(b)	20,956		2,229
Kering	636		282	Fiserv Inc (a),(b)	3,293		433
K's Holdings Corp	2,050		53	Gree Inc	25,100		164
Lululemon Athletica Inc (a),(b)	11,058		740	Guidewire Software Inc (b)	1,784		133
Luxottica Group SpA	34,733		2,017	Konami Holdings Corp	24,200		1,282
Matahari Department Store Tbk PT	215,200		169	Microsoft Corp (d)	78,391		6,599
Matsumotokiyoshi Holdings Co Ltd	1,975		164	Open Text Corp	9,500		310
McDonald's Corp (a)	26,834		4,614	Oracle Corp (a)	63,500		3,115
Nishimatsuya Chain Co Ltd	9,500		115	Paychex Inc (a)	52,037		3,503
PAL GROUP Holdings Co Ltd	4,500		139	PTC Inc (b)	44,469		2,832
Pandora A/S	9,221		924	RealPage Inc (b)	1,448		66
Panera Bread Co (b),(f),(g)	1,664		524	salesforce.com Inc (b)	15,974		1,666
Raia Drogasil SA	12,800		344	SAP SE	17,880		2,021
Restaurant Brands International Inc	4,700		292	ServiceNow Inc (b)	14,097		1,734
Ross Stores Inc (a)	38,876		2,956	Systena Corp	2,400		86
Shanghai Pharmaceuticals Holding Co Ltd	120,900		305	Veeva Systems Inc (a),(b)	8,742		526
Shimamura Co Ltd	7,500		904	Verint Systems Inc (b)	8,009		350
Starbucks Corp (a)	17,602		1,018	Workday Inc (b)	20,311		2,092
Sundrug Co Ltd	6,700		309			$	45,688
Swatch Group AG/The	4,462		316	Telecommunications - 0.70%
TJX Cos Inc/The (a)	54,089		4,086	Acacia Communications Inc (b)	24,256		938
Ulta Beauty Inc (a),(b)	23,525		5,216	Arista Networks Inc (b)	4,839		1,128
United Arrows Ltd	3,700		140	AT&T Inc	62,933		2,290
USS Co Ltd	43,300		916	CenturyLink Inc	8,625		126
Xebio Holdings Co Ltd	11,200		207	China Telecom Corp Ltd	1,292,000		626
Yum! Brands Inc (a)	47,639		3,977	Cisco Systems Inc (a)	21,266		793
		$	55,876	General Communication Inc (b)	2,875		115
Semiconductors - 1.40%				Gigamon Inc (b)	2,670		104
Analog Devices Inc (a)	10,888		938

See accompanying notes.

60

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value (000's)	CONVERTIBLE PREFERRED STOCKS -
Telecommunications (continued)				0.56	%	Shares Held		Value (000's)
Globalstar Inc (b)	519,068	$	820	Agriculture - 0.02%
Goodman Networks Inc (b),(e),(f),(g)	142,878		—	Bunge Ltd 4.88% (j)		6,218	$	646
Hellenic Telecommunications Organization	36,362		440
SA				Computers - 0.01%
Koninklijke KPN NV	205,649		754	NCR Corp 5.50% PIK 1.38%, (j),(k)		285		369
Motorola Solutions Inc (a)	32,689		3,076
Nice Ltd ADR	250		22	Electric - 0.03%
Nippon Telegraph & Telephone Corp	30,157		1,574	Black Hills Corp 7.75%, 11/01/2018		10,000		646
Nokia OYJ	94,180		471	Dominion Energy Inc 6.75%, 08/15/2019		2,375		126
SoftBank Group Corp	2,500		212				$	772
Sprint Corp (b)	26,257		157	Food - 0.00%
Straight Path Communications Inc (b)	2,515		457	Post Holdings Inc 2.50% (j)		725		109
Telefonica SA	55,531		569
Telenor ASA	20,068		451	Healthcare - Products - 0.02%
T-Mobile US Inc (b)	8,576		524	Becton Dickinson and Co 6.13%, 05/01/2020		8,525		517
Verizon Communications Inc	78,162		3,978
		$	19,625	Healthcare - Services - 0.09%
Textiles - 0.11%				Anthem Inc 5.25%, 05/01/2018		43,075		2,487
Mohawk Industries Inc (a),(b)	7,804		2,205
Seiren Co Ltd	5,400		102	Internet - 0.01%
UniFirst Corp/MA	4,918		804	Airbnb, Inc 0.00% (b),(e),(f),(g)		1,685		177
		$	3,111	Dropbox Inc 0.00% (b),(e),(f),(g)		2,671		37
Toys, Games & Hobbies - 0.04%							$	214
Bandai Namco Holdings Inc	25,000		816	Investment Companies - 0.13%
Nintendo Co Ltd	600		245	Mandatory Exchangeable Trust 5.75%,		18,658		3,727
		$	1,061	06/03/2019	(c)
Transportation - 1.26%
Canadian National Railway Co	51,822		4,045	Metal Fabrication & Hardware - 0.01%
Canadian Pacific Railway Ltd	1,300		228	Rexnord Corp 5.75%, 11/15/2019		2,750		156
CJ Logistics Corp (b)	1,272		178
CSX Corp	35,837		1,998	Oil & Gas - 0.01%
Deutsche Post AG	25,660		1,221	Chesapeake Energy Corp 5.75% (j)		355		208
Expeditors International of Washington Inc (a)	10,341		670
FedEx Corp	303		70	Pharmaceuticals - 0.10%
Genesee & Wyoming Inc (b)	23,734		1,871	Allergan PLC 5.50%, 03/01/2018		4,075		2,536
Golar LNG Ltd	240,217		5,936	Teva Pharmaceutical Industries Ltd 7.00%,		725		206
Hornbeck Offshore Services Inc (b)	135,608		496	12/15/2018
Kamigumi Co Ltd	60,000		1,323				$	2,742
Kansas City Southern (a)	6,995		784	REITs - 0.10%
Keikyu Corp	11,800		228	Welltower Inc 6.50% (a),(j)		45,600		2,837
Knight-Swift Transportation Holdings Inc	43,947		1,876
Nippon Yusen KK (b)	16,326		384	Retail - 0.00%
Songa Offshore (b)	1,269,426		9,088	Jand Inc 0.00% (b),(e),(f),(g)		3,781		37
Union Pacific Corp	11,541		1,460
United Parcel Service Inc (d)	16,337		1,984	Telecommunications - 0.03%
XPO Logistics Inc (b)	7,677		607	T-Mobile US Inc 5.50%, 12/15/2017		8,825		870
Yusen Logistics Co Ltd	11,900		159
ZTO Express Cayman Inc ADR(b)	56,954		915	TOTAL CONVERTIBLE PREFERRED STOCKS			$	15,691
		$	35,521	PREFERRED STOCKS - 0.28%		Shares Held		Value (000's)
Water - 0.01%				Automobile Manufacturers - 0.09%
Veolia Environnement SA	14,577		368	Porsche Automobil Holding SE 1.01%		24,917		2,087
				Volkswagen AG 2.06%		2,355		500
TOTAL COMMON STOCKS		$	1,094,664				$	2,587
INVESTMENT COMPANIES - 17.55%	Shares Held		Value (000's)	Banks - 0.02%
Exchange Traded Funds - 0.07%				Itau Unibanco Holding SA 0.18%		48,400		610
Financial Select Sector SPDR Fund	30,168		830
PowerShares QQQ Trust Series 1	7,273		1,129	Electrical Components & Equipment - 0.00%
TOPIX Exchange Traded Fund	10,980		180	Lithium Technology Corp 0.00% (b),(e),(f),(g)		59,552		20
		$	2,139
Money Market Funds - 17.48%				Internet - 0.06%
BlackRock Liquidity Funds FedFund Portfolio	243,466,486		243,466	Forescout Tech Inc 0.00% (b),(f)		4,578		130
First American Government Obligations Fund	40,927,248		40,927	General Assembly Space, Inc 0.00% (b),(f),(g)		2,184		107
Goldman Sachs Financial Square Funds -	111,799,291		111,799	Pinterest Inc 0.00% (b),(e),(f),(g)		87,425		628
Government Fund				Uber Technologies Inc 0.00% (b),(e),(f),(g)		15,196		630
Morgan Stanley Institutional Liquidity Funds -	23,429,613		23,430	Veracode Inc 0.00% (b),(e),(f),(g)		6,031		24
Government Portfolio				Zuora Inc 0.00% (b),(e),(f),(g)		40,988		215
Morgan Stanley Institutional Liquidity Funds -	24,373,574		24,374				$	1,734
Government Portfolio (h)				Private Equity - 0.01%
Wells Fargo Advantage Government Money	47,788,041		47,788	Forward Venture Services LLC 0.00%		54,650		272
Market Fund (i)				(b),(e),(f),(g)
		$	491,784
TOTAL INVESTMENT COMPANIES		$	493,923	Real Estate - 0.03%
				Redfin Corp 0.00% (b),(f)		9,803		223

See accompanying notes.

61

Consolidated Schedule of Investments Global Multi-Strategy Fund November 30, 2017 (unaudited)

PREFERRED STOCKS (continued)		Shares Held	Value (000's)				Principal
Real Estate (continued)						BONDS (continued)	Amount (000's)     Value (000's)
WeWork Cos Inc Series D-1 0.00% (b),(e),(f),(g)		4,867	$		252	Automobile Asset Backed Securities (continued)
WeWork Cos Inc Series D-2 0.00% (b),(e),(f),(g)		3,824			198	First Investors Auto Owner Trust 2015-1
			$		673	3.59%, 01/18/2022(c)	$	100	$	101
Software - 0.01%						First Investors Auto Owner Trust 2015-2
Marklogic Corp 0.00% (b),(e),(f),(g)		14,832			146	4.22%, 12/15/2021(c)		565		573
						First Investors Auto Owner Trust 2016-2
Telecommunications - 0.02%						3.35%, 11/15/2022(c)		70		69
Goodman Networks Inc 0.00% (b),(e),(f),(g)		169,992			595	Flagship Credit Auto Trust 2015-1
						3.76%, 06/15/2021(c)		165		167
Trucking & Leasing - 0.04%						Ford Credit Auto Owner Trust 2015-B
AerGen Aviation Finance Ltd 0.00%		12,150			1,233	1.16%, 11/15/2019		202		201
(b),(e),(f),(g)						Ford Credit Auto Owner Trust 2016-B
						1.56%, 03/15/2019		239		239
TOTAL PREFERRED STOCKS			$		7,870	1 Month LIBOR + 0.31%
		Principal				Ford Credit Auto Owner Trust 2016-C
BONDS - 29.73%	Amount (000's)		Value (000's)			1.39%, 09/15/2019		1,167		1,167
Aerospace & Defense - 0.27%						1 Month LIBOR + 0.14%
Embraer Netherlands Finance BV						Ford Credit Auto Owner Trust 2017-A
5.05%, 06/15/2025	$	310		$	324	1.37%, 12/15/2019		668		668
5.40%, 02/01/2027		280			296	1 Month LIBOR + 0.12%
Embraer Overseas Ltd						Hertz Vehicle Financing II LP
5.70%, 09/16/2023(c)		320			346	3.29%, 10/25/2023(c)		315		315
Leonardo US Holdings Inc						Honda Auto Receivables 2016-4 Owner
6.25%, 01/15/2040(c)		1,685			1,971	Trust
StandardAero Aviation Holdings Inc						1.21%, 12/18/2020		1,145		1,134
10.00%, 07/15/2023(c)		2,000			2,190	Honda Auto Receivables 2017-1 Owner
Triumph Group Inc						Trust
7.75%, 08/15/2025(c)		1,260			1,358	1.72%, 07/21/2021		310		309
United Technologies Corp						Honda Auto Receivables 2017-3 Owner
1.73%, 11/01/2019		1,220			1,225	Trust
3 Month LIBOR + 0.35%						1.79%, 09/20/2021		380		378
			$		7,710	Motor 2017-1 PLC
						1.86%, 09/25/2024(c)		715		716
Airlines - 0.20%
Air Canada 2015-2 Class B Pass Through						1 Month LIBOR + 0.53%
Trust						Nissan Auto Receivables 2016-B Owner
5.00%, 06/15/2025(c)		1,831			1,916	Trust
Latam Airlines 2015-1 Pass Through Trust B						1.55%, 04/15/2019		301		301
4.50%, 08/15/2025		1,033			1,023	1 Month LIBOR + 0.30%
VistaJet Malta Finance PLC / VistaJet Co						Nissan Auto Receivables 2016-C Owner
Finance LLC						Trust
7.75%, 06/01/2020(c)		2,737			2,573	1.18%, 01/15/2021		200		198
			$		5,512	Nissan Auto Receivables 2017-A Owner
Automobile Asset Backed Securities - 0.66%						Trust
AmeriCredit Automobile Receivables 2015-4						1.31%, 01/15/2020		229		229
3.72%, 12/08/2021		189			192	1 Month LIBOR + 0.06%
AmeriCredit Automobile Receivables Trust						1.74%, 08/16/2021		375		373
						Prestige Auto Receivables Trust 2016-1
2016-2						5.15%, 11/15/2021(c)		815		839
3.65%, 05/09/2022		80			82
CarMax Auto Owner Trust 2017-4						Toyota Auto Receivables 2016-C
1.38%, 04/15/2021		805			805	1.14%, 08/17/2020		165		164
1 Month LIBOR + 0.13%						Toyota Auto Receivables 2016-D Owner
CIG AUTO RECEIVABLES TRUST 2017-1						Trust
2.71%, 05/15/2023(c)		145			145	1.38%, 05/15/2019		215		215
CPS Auto Receivables Trust 2016-B						1 Month LIBOR + 0.13%
8.14%, 05/15/2023(c)		855			919	Toyota Auto Receivables 2017-A Owner
CPS Auto Trust						Trust
3.73%, 09/15/2023(c)		190			189	1.32%, 09/16/2019		493		493
DT Auto Owner Trust 2014-3						1 Month LIBOR + 0.07%
4.47%, 11/15/2021(c)		175			178	1.73%, 02/16/2021		460		459
DT Auto Owner Trust 2015-2						Toyota Auto Receivables 2017-C Owner
4.25%, 02/15/2022(c)		260			265	Trust
DT Auto Owner Trust 2016-1						1.33%, 07/15/2020		1,315		1,315
4.66%, 12/15/2022(c)		1,335			1,362	1 Month LIBOR + 0.08%
DT Auto Owner Trust 2016-2						Toyota Auto Receivables 2017-D Owner
5.43%, 11/15/2022(c)		820			845	Trust
Fifth Third Auto Trust 2017-1						1.25%, 08/17/2020		1,340		1,340
1.40%, 04/15/2020		405			405	1 Month LIBOR + 0.05%
1 Month LIBOR + 0.15%						USAA Auto Owner Trust 2015-1
First Investors Auto Owner Trust 2014-1						1.20%, 06/17/2019		183		183
3.28%, 04/15/2021(c)		70			70	USAA Auto Owner Trust 2016-1
First Investors Auto Owner Trust 2014-2						1.20%, 06/15/2020		280		279
3.47%, 02/15/2021(c)		120			121	Veros Automobile Receivables Trust 2017-1
						2.84%, 04/17/2023(c)		340		340

See accompanying notes.

62

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
	Principal						Principal
BONDS (continued)	Amount (000's)            Value (000's)				BONDS (continued)		Amount (000's)     Value (000's)
Automobile Asset Backed Securities (continued)					Banks (continued)
Westlake Automobile Receivables Trust 2017-					Wells Fargo & Co
1					1.99%, 04/23/2018		$	615	$	616
3.46%, 10/17/2022(c)	$	145	$	146	3 Month LIBOR + 0.63%
		$		18,489				$		18,411
Automobile Floor Plan Asset Backed Securities - 0.03%					Beverages - 0.22%
NextGear Floorplan Master Owner Trust					CEDC Finance Corp International Inc
1.93%, 10/17/2022(c)		190		190	10.00%, 12/31/2022(c)			4,226		4,104
1 Month LIBOR + 0.68%					PepsiCo Inc
2.09%, 04/18/2022(c)		715		720	1.42%, 05/02/2019			1,430		1,430
1 Month LIBOR + 0.85%					3 Month LIBOR + 0.04%
		$		910	1.61%, 10/04/2019			610		612
Automobile Manufacturers - 0.18%					3 Month LIBOR + 0.27%
BMW US Capital LLC								$		6,146
1.73%, 09/13/2019(c)		1,205		1,211	Biotechnology - 0.10%
3 Month LIBOR + 0.41%					Gilead Sciences Inc
General Motors Financial Co Inc					1.55%, 03/20/2019			1,415		1,417
2.29%, 04/13/2020		1,500		1,515	3 Month LIBOR + 0.22%
3 Month LIBOR + 0.93%					1.58%, 09/20/2019			1,415		1,417
Nissan Motor Acceptance Corp					3 Month LIBOR + 0.25%
1.94%, 01/13/2020(c)		1,215		1,222				$		2,834
3 Month LIBOR + 0.58%					Building Materials - 0.03%
Tesla Inc					Cemex SAB de CV
5.30%, 08/15/2025(c)		525		501	6.13%, 05/05/2025(c)			650		689
Toyota Motor Credit Corp					James Hardie International Finance DAC
1.79%, 10/18/2019		605		609	5.00%, 01/15/2028(c),(l)			200		203
3 Month LIBOR + 0.44%								$		892
		$		5,058	Chemicals - 0.24%
Banks - 0.65%					Braskem Netherlands Finance BV
Banco Hipotecario SA					3.50%, 01/10/2023(c)			6,515		6,458
25.94%, 11/07/2022(c)	ARS	10,245		594	Mexichem SAB de CV
Argentina Deposit Rates Badlar + 4.00%					4.00%, 10/04/2027(c)			345		343
23.71%, 01/12/2020(c)		9,230		521				$		6,801
Argentina Deposit Rates Badlar + 2.50%					Commercial Mortgage Backed Securities - 1.12%
Banco Macro SA					Banc of America Commercial Mortgage Trust
17.50%, 05/08/2022(c)		5,115		280	2007-4
Banco Supervielle SA					6.06%, 02/10/2051(c),(m)			1,740		1,747
26.50%, 08/09/2020(c)		11,000		641	CCRESG Commercial Mortgage Trust 2016-
Argentina Deposit Rates Badlar + 4.50%					HEAT
Bank of America Corp					5.67%, 04/10/2029(c),(m)			255		257
2.39%, 03/22/2018	$	605		607	CFCRE Commercial Mortgage Trust 2017-
3 Month LIBOR + 1.07%					C8
Capital One NA/Mclean VA					4.96%, 06/15/2050(m)			710		725
2.57%, 08/17/2018		550		553	Citigroup Commercial Mortgage Trust 2014-
3 Month LIBOR + 1.15%					GC19
Financiera de Desarrollo Territorial SA					4.56%, 03/10/2047(c),(m)			1,795		1,350
Findeter					5.06%, 03/10/2047(c),(m)			3,229		2,956
7.88%, 08/12/2024(c)	COP	3,380,000		1,139	Citigroup Commercial Mortgage Trust 2017-
Finansbank AS/Turkey					C4
4.88%, 05/19/2022(c)	$	6,000		5,869	3.00%, 10/12/2050(c)			757		614
JPMorgan Chase & Co					COBALT CMBS Commercial Mortgage Trust
2.00%, 06/01/2021		1,425		1,432	2007	-C2
3 Month LIBOR + 0.68%					5.62%, 04/15/2047(m)			5,060		5,017
2.27%, 01/25/2018		605		606	COMM 2015-LC21 Mortgage Trust
3 Month LIBOR + 0.90%					1.20%, 07/10/2048(c),(m),(n)			3,125		210
JPMorgan Chase Bank NA					COMM 2016-SAVA Mortgage Trust
1.92%, 09/23/2019		1,215		1,224	4.25%, 10/15/2034(c)			370		372
3 Month LIBOR + 0.59%					1 Month LIBOR + 3.00%
Morgan Stanley					Commercial Mortgage Trust 2005-GG5
2.65%, 04/25/2018		605		608	5.61%, 04/10/2037(m)			2,029		1,976
3 Month LIBOR + 1.28%					CSMC 2014-USA OA LLC
Sumitomo Mitsui Banking Corp					4.37%, 09/15/2037(c)			825		731
1.90%, 01/11/2019		1,225		1,229	Ginnie Mae
3 Month LIBOR + 0.54%					0.60%, 01/16/2053(m),(n)			6,974		248
2.10%, 07/23/2018		600		602	GS Mortgage Securities Trust 2007-GG10
3 Month LIBOR + 0.74%					5.94%, 08/10/2045(m)			325		330
Toronto-Dominion Bank/The					JP Morgan Chase Commercial Mortgage
1.77%, 01/18/2019		630		632	Securities Trust 2007-CIBC20
3 Month LIBOR + 0.42%					6.49%, 02/12/2051(c),(m)			197		196
US Bank NA/Cincinnati OH					JP Morgan Chase Commercial Mortgage
1.68%, 01/24/2020		1,255		1,258	Securities Trust 2007-LDP10
3 Month LIBOR + 0.32%					5.46%, 01/15/2049(m)			76		77

See accompanying notes.

63

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
		Principal						Principal
BONDS (continued)		Amount (000's)     Value (000's)				BONDS (continued)		Amount (000's) Value (000's)
Commercial Mortgage Backed Securities (continued)						Credit Card Asset Backed Securities - 0.39%
JP Morgan Chase Commercial Mortgage						American Express Issuance Trust II
Securities Trust 2013-C13						1.68%, 08/15/2019		$	570	$	572
3.99%, 01/15/2046(c),(m)		$	268	$	225	1 Month LIBOR + 0.43%
JP Morgan Chase Commercial Mortgage						BA Credit Card Trust
Securities Trust 2015-SGP						1.58%, 06/15/2020			1,205		1,205
5.75%, 07/15/2036(c)			785		793	1 Month LIBOR + 0.33%
1 Month LIBOR + 4.50%						1.95%, 08/15/2022			1,030		1,028
Morgan Stanley Bank of America Merrill						Capital One Multi-Asset Execution Trust
Lynch Trust 2017-C34						2.00%, 01/17/2023			620		619
1.03%, 11/15/2052(c),(m),(n)			3,150		215	Chase Issuance Trust
Morgan Stanley Capital I Trust 2007-TOP27						1.55%, 01/18/2022			1,260		1,265
6.15%, 06/11/2042(c),(m)			590		647	1 Month LIBOR + 0.30%
Morgan Stanley Capital I Trust 2011-C2						Citibank Credit Card Issuance Trust
5.67%, 06/15/2044(c),(m)			475		489	1.46%, 04/07/2022			1,330		1,332
Motel 6 Trust 2017-M6MZ						1 Month LIBOR + 0.22%
8.16%, 08/15/2019(c)			1,405		1,426	1.52%, 01/19/2021			1,260		1,263
1 Month LIBOR + 6.93%						1 Month LIBOR + 0.25%
SCG Trust 2013-SRP1						1.75%, 11/19/2021			1,210		1,203
4.00%, 11/15/2026(c)			365		354	1.92%, 04/07/2022			1,330		1,325
1 Month LIBOR + 2.50%						Discover Card Execution Note Trust
4.49%, 11/15/2026(c)			400		381	1.55%, 08/17/2020			495		495
1 Month LIBOR + 3.25%						1 Month LIBOR + 0.30%
4.59%, 11/15/2026(c)			850		782	Tidewater Sales Finance Master Trust Series
1 Month LIBOR + 3.34%						2017	-A
Wachovia Bank Commercial Mortgage Trust						4.55%, 04/15/2021(c)			435		434
Series 2006-C25						World Financial Network Credit Card Master
5.36%, 05/15/2043(c),(m)			799		742	Trust
Wachovia Bank Commercial Mortgage Trust						1.73%, 02/15/2022			165		165
Series 2007-C30						1 Month LIBOR + 0.48%
5.48%, 12/15/2043(m)			368		370				$		10,906
Wachovia Bank Commercial Mortgage Trust						Distribution & Wholesale - 0.04%
Series 2007-C31						H&E Equipment Services Inc
6.16%, 04/15/2047(m)			5,868		6,007	5.63%, 09/01/2025(c)			1,000		1,047
Wells Fargo Commercial Mortgage Trust
2016-NX	S6					Diversified Financial Services - 0.41%
2.00%, 11/15/2049(c),(m),(n)			7,575		965	Ally Financial Inc
WFRBS Commercial Mortgage Trust 2011-						4.75%, 09/10/2018			1,300		1,320
C4						American Express Credit Corp
5.41%, 06/15/2044(c),(m)			845		829	1.71%, 05/03/2019			1,430		1,434
WFRBS Commercial Mortgage Trust 2012-						3 Month LIBOR + 0.33%
C6						2.17%, 11/05/2018			605		608
5.77%, 04/15/2045(c),(m)			500		493	3 Month LIBOR + 0.78%
			$		31,524	ASP AMC Merger Sub Inc
Commercial Services - 0.76%						8.00%, 05/15/2025(c)			4,422		4,323
APX Group Inc						CPPIB Capital Inc
7.63%, 09/01/2023			1,300		1,375	2.75%, 11/02/2027(c)			332		330
Brink's Co/The						Navient Corp
4.63%, 10/15/2027(c)			188		186	6.50%, 06/15/2022			107		112
Cenveo Corp						Ocwen Loan Servicing LLC
6.00%, 08/01/2019(c)			9,517		6,329	8.38%, 11/15/2022(c)			1,986		1,976
Corporate Risk Holdings LLC						USAA Capital Corp
9.50%, 07/01/2019(c)			10,489		11,040	1.61%, 02/01/2019(c)			1,430		1,431
KAR Auction Services Inc						3 Month LIBOR + 0.23%
5.13%, 06/01/2025(c)			221		229				$		11,534
Monitronics International Inc						Electric - 0.47%
9.13%, 04/01/2020			2,500		2,106	Empresas Publicas de Medellin ESP
			$		21,265	8.38%, 11/08/2027(c)		COP	2,150,000		733
Computers - 0.48%						Enel SpA
Apple Inc						8.75%, 09/24/2073(c)		$	1,965		2,429
1.59%, 02/07/2020			720		722	USSW5 Index Spread + 5.88%
3 Month LIBOR + 0.20%						GenOn Energy Inc
Dell International LLC / EMC Corp						0.00%, 10/15/2018(b)			7,453		5,292
6.02%, 06/15/2026(c)			2,310		2,539	0.00%, 10/15/2020(b)			6,145		4,363
Everi Payments Inc						Minejesa Capital BV
7.50%, 12/15/2025(c),(l)			593		593	4.63%, 08/10/2030(c)			380		385
10.00%, 01/15/2022			3,532		3,826				$		13,202
International Business Machines Corp						Electronics - 0.02%
1.60%, 01/27/2020			1,255		1,258	TTM Technologies Inc
3 Month LIBOR + 0.23%						5.63%, 10/01/2025(c)			520		534
West Corp
8.50%, 10/15/2025(c)			4,565		4,457
			$		13,395

See accompanying notes.

64

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
	Principal					Principal
BONDS (continued)	Amount (000's) Value (000's)				BONDS (continued)	Amount (000's) Value (000's)
Engineering & Construction - 0.16%					Internet (continued)
ABG Orphan Holdco Sarl					Netflix Inc (continued)
14.00%, PIK 14.00%, 02/28/2021(k),(m)	$	3,034	$	3,252	4.88%, 04/15/2028(c)	$	1,891	$	1,870
AECOM							$		6,309
5.13%, 03/15/2027		1,240		1,264	Iron & Steel - 0.17%
		$		4,516	Gerdau Trade Inc
Entertainment - 0.09%					4.88%, 10/24/2027(c)		4,315		4,332
Eldorado Resorts Inc					Vale Overseas Ltd
6.00%, 04/01/2025		2,298		2,419	6.25%, 08/10/2026		460		534
							$		4,866
Finance - Mortgage Loan/Banker - 0.18%					Leisure Products & Services - 0.36%
Fannie Mae					Constellation Merger Sub Inc
1.88%, 10/30/2020		5,000		4,967	8.50%, 09/15/2025(c)		5,148		5,045
					LTF Merger Sub Inc
Food - 0.33%					8.50%, 06/15/2023(c)		3,168		3,358
BRF GmbH					Silversea Cruise Finance Ltd
4.35%, 09/29/2026(c)		840		817	7.25%, 02/01/2025(c)		1,322		1,425
BRF SA					Viking Cruises Ltd
7.75%, 05/22/2018(c)	BRL	1,500		455	5.88%, 09/15/2027(c)		285		288
Cencosud SA							$		10,116
4.38%, 07/17/2027(c)	$	935		928
					Lodging - 0.18%
Flowers Foods Inc					Diamond Resorts International Inc
3.50%, 10/01/2026		180		177	7.75%, 09/01/2023(c)		2,778		3,014
Fresh Market Inc/The					10.75%, 09/01/2024(c)		2,074		2,193
9.75%, 05/01/2023(c)		762		430
Grupo Bimbo SAB de CV							$		5,207
4.70%, 11/10/2047(c)		1,430		1,430	Machinery - Construction & Mining - 0.04%
JBS USA LUX SA / JBS USA Finance Inc					Caterpillar Financial Services Corp
5.75%, 06/15/2025(c)		540		527	1.86%, 01/10/2020		1,225		1,234
7.25%, 06/01/2021(c)		625		639	3 Month LIBOR + 0.51%
Nova Austral SA
8.25%, 05/26/2021(c)		3,900		3,895	Machinery - Diversified - 0.18%
					Cloud Crane LLC
		$		9,298	10.13%, 08/01/2024(c)		4,075		4,595
Forest Products & Paper - 0.06%
Celulosa Arauco y Constitucion SA					John Deere Capital Corp
5.50%, 11/02/2047(c)		525		538	1.65%, 01/16/2018		384		384
					3 Month LIBOR + 0.29%
Fibria Overseas Finance Ltd							$		4,979
4.00%, 01/14/2025		605		601
Suzano Austria GmbH					Media - 0.55%
5.75%, 07/14/2026(c)		480		521	Altice Financing SA
					7.50%, 05/15/2026(c)		5,025		5,251
		$		1,660	7.50%, 05/15/2026		1,300		1,358
Gas - 0.09%					AMC Networks Inc
NGL Energy Partners LP / NGL Energy					4.75%, 08/01/2025		1,111		1,103
Finance Corp					CBS Radio Inc
5.13%, 07/15/2019		725		732	7.25%, 11/01/2024(c)		430		453
6.13%, 03/01/2025		734		712	Clear Channel Worldwide Holdings Inc
6.88%, 10/15/2021		45		46	7.63%, 03/15/2020		1,145		1,133
7.50%, 11/01/2023		920		945	Cox Communications Inc
		$		2,435	4.50%, 06/30/2043(c)		765		712
Healthcare - Services - 0.01%					4.70%, 12/15/2042(c)		380		366
Polaris Intermediate Corp					DISH DBS Corp
8.50%, PIK 9.25%, 12/01/2022(c),(k),(m)		315		328
					5.88%, 11/15/2024		615		620
					7.75%, 07/01/2026		255		275
Insurance - 0.28%					Grupo Televisa SAB
Acrisure LLC / Acrisure Finance Inc					7.25%, 05/14/2043	MXN	4,370		179
7.00%, 11/15/2025(c)		1,710		1,686
					Lee Enterprises Inc
Alliant Holdings Intermediate LLC / Alliant					9.50%, 03/15/2022(c)	$	2,209		2,275
Holdings Co-Issuer					NBCUniversal Enterprise Inc
8.25%, 08/01/2023(c)		2,265		2,373	5.25%, 12/19/2049(c),(j)		1,205		1,283
Ardonagh Midco 3 PLC					Time Warner Cable LLC
8.38%, 07/15/2023(c)	GBP	655		912
					4.50%, 09/15/2042		645		591
Berkshire Hathaway Finance Corp							$		15,599
1.67%, 01/10/2020	$	1,225		1,231	Metal Fabrication & Hardware - 0.03%
3 Month LIBOR + 0.32%					Zekelman Industries Inc
1.87%, 03/07/2018		605		606	9.88%, 06/15/2023(c)		655		734
3 Month LIBOR + 0.55%
Metropolitan Life Global Funding I
1.66%, 09/14/2018(c)		1,205		1,208	Mining - 0.24%
					Aleris International Inc
3 Month LIBOR + 0.34%					9.50%, 04/01/2021(c)		1,023		1,077
		$		8,016
Internet - 0.22%
Netflix Inc
4.38%, 11/15/2026		4,524		4,439

See accompanying notes.

65

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
		Principal				Principal
BONDS (continued)		Amount (000's) Value (000's)			BONDS (continued)	Amount (000's) Value (000's)
Mining (continued)					Mortgage Backed Securities (continued)
Constellium NV					Citigroup Mortgage Loan Trust 2005-3
6.63%, 03/01/2025(c)	$	4,668	$	4,960	3.48%, 08/25/2035(m)	$	626	$	626
Stillwater Mining Co					Credit Suisse First Boston Mortgage Securities
6.13%, 06/27/2022(c)		700		716	Corp
		$		6,753	3.53%, 11/25/2033(m)		82		83
Miscellaneous Manufacturers - 0.15%					3.61%, 12/25/2033(m)		53		54
FXI Holdings Inc					CSFB Mortgage-Backed Pass-Through
7.88%, 11/01/2024(c)		759		760	Certificates Series 2003-27
General Electric Co					5.75%, 11/25/2033		51		53
2.05%, 04/02/2018		354		355	CSFB Mortgage-Backed Pass-Through
3 Month LIBOR + 0.71%					Certificates Series 2005-10
RBS Global Inc / Rexnord LLC					5.25%, 11/25/2020		369		345
4.88%, 12/15/2025(c),(g),(l)		213		213	Deutsche Mortgage Securities Inc Mortgage
Siemens Financieringsmaatschappij NV					Loan Trust 2004-4
1.74%, 05/25/2018(c)		400		400	1.68%, 06/25/2034		201		189
3 Month LIBOR + 0.28%					1 Month LIBOR + 0.35%
Working Capital Solutions Funding LCC					DSLA Mortgage Loan Trust 2005-AR5
8.05%, 08/30/2018(e),(g)		2,400		2,400	1.61%, 09/19/2045		186		154
		$		4,128	1 Month LIBOR + 0.33%
Mortgage Backed Securities - 1.49%					Dukinfield 2 Plc
Adjustable Rate Mortgage Trust 2004-4					1.58%, 12/20/2052	GBP	388		530
3.57%, 03/25/2035(m)		82		81	ICE LIBOR GBP 3M + 1.25%
Adjustable Rate Mortgage Trust 2005-1					Eurosail-UK 2007-2np PLC
3.29%, 05/25/2035(m)		249		251	0.45%, 03/13/2045		143		189
Alternative Loan Trust 2003-22CB					ICE LIBOR GBP 3M + 0.15%
5.75%, 12/25/2033		147		150	Fannie Mae Connecticut Avenue Securities
Alternative Loan Trust 2003-9T1					5.68%, 05/25/2029	$	2,000		2,199
5.50%, 07/25/2033		69		70	1 Month LIBOR + 4.35%
Alternative Loan Trust 2004-14T2					6.18%, 10/25/2029		220		233
5.50%, 08/25/2034		79		82	1 Month LIBOR + 4.85%
Alternative Loan Trust 2004-16CB					6.88%, 04/25/2028		4,798		5,326
5.50%, 07/25/2034		121		124	1 Month LIBOR + 5.55%
5.50%, 08/25/2034		136		139	7.08%, 07/25/2029		2,625		2,981
Alternative Loan Trust 2004-28CB					1 Month LIBOR + 5.75%
5.75%, 01/25/2035		63		63	Fannie Mae Interest Strip
Alternative Loan Trust 2004-J10					4.00%, 11/25/2040(n)		14,739		2,819
6.00%, 09/25/2034		241		250	Freddie Mac Structured Agency Credit Risk
Alternative Loan Trust 2004-J3					Debt Notes
5.50%, 04/25/2034		82		83	2.98%, 04/25/2024		308		313
Alternative Loan Trust 2005-14					1 Month LIBOR + 1.65%
1.54%, 05/25/2035		430		408	3.18%, 10/25/2027		550		563
1 Month LIBOR + 0.21%					1 Month LIBOR + 1.85%
Alternative Loan Trust 2005-J1					3.53%, 02/25/2024		432		445
5.50%, 02/25/2025		168		171	1 Month LIBOR + 2.20%
Banc of America Alternative Loan Trust 2003-					5.78%, 03/25/2030		400		415
8					1 Month LIBOR + 4.45%
5.50%, 10/25/2033		107		109	6.28%, 07/25/2029		1,297		1,393
Banc of America Funding 2004-B Trust					1 Month LIBOR + 4.95%
3.49%, 11/20/2034(m)		185		184	6.48%, 10/25/2029		355		385
Banc of America Funding 2005-5 Trust					1 Month LIBOR + 5.15%
5.50%, 09/25/2035		55		58	10.13%, 03/25/2028		6,990		8,364
Banc of America Funding 2005-7 Trust					1 Month LIBOR + 8.80%
5.75%, 11/25/2035		107		112	GMACM Mortgage Loan Trust 2005-AR1
Banc of America Funding 2007-4 Trust					3.90%, 03/18/2035(m)		370		374
5.50%, 11/25/2034		168		171	GMACM Mortgage Loan Trust 2005-AR4
Banc of America Mortgage 2005-A Trust					4.00%, 07/19/2035(m)		87		84
3.47%, 02/25/2035(m)		47		47	GSR Mortgage Loan Trust 2005-4F
Banc of America Mortgage 2005-I Trust					6.50%, 02/25/2035		50		50
3.39%, 10/25/2035(m)		356		350	HarborView Mortgage Loan Trust 2003-2
BCAP LLC Trust 2007-AA2					2.02%, 10/19/2033		656		638
6.00%, 03/25/2022		195		193	1 Month LIBOR + 0.74%
CHL Mortgage Pass-Through Trust 2004-12					IndyMac INDX Mortgage Loan Trust 2004-
3.74%, 08/25/2034(m)		95		93	AR12
CHL Mortgage Pass-Through Trust 2004-					2.11%, 12/25/2034		621		571
HYB4					1 Month LIBOR + 0.78%
3.49%, 09/20/2034(m)		51		49	IndyMac INDX Mortgage Loan Trust 2004-
CHL Mortgage Pass-Through Trust 2004-					AR6
HYB8					3.67%, 10/25/2034(m)		795		809
3.08%, 01/20/2035(m)		98		97	IndyMac INDX Mortgage Loan Trust 2004-
CHL Mortgage Pass-Through Trust 2005-21					AR7
5.50%, 10/25/2035		116		111	2.55%, 09/25/2034		177		161
					1 Month LIBOR + 1.22%

See accompanying notes.

66

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
		Principal				Principal
BONDS (continued)		Amount (000's)		Value (000's)	BONDS (continued)	Amount (000's)       Value (000's)
Mortgage Backed Securities (continued)					Mortgage Backed Securities (continued)
IndyMac INDX Mortgage Loan Trust 2005-					Structured Adjustable Rate Mortgage Loan
AR11					Trust Series 2004-6
3.31%, 08/25/2035(m)		$	759	$ 686	3.36%, 06/25/2034(m)	$	127	$	125
IndyMac INDX Mortgage Loan Trust 2005-					Structured Asset Securities Corp Mortgage
AR16	IP				Pass-Through Certificates Series 2004-20
1.97%, 07/25/2045			215	207	5.75%, 11/25/2034		86		87
1 Month LIBOR + 0.64%					Structured Asset Securities Corp Trust 2005-
JP Morgan Mortgage Trust 2005-A2					1
3.47%, 04/25/2035(m)			180	179	5.50%, 02/25/2035		136		138
JP Morgan Mortgage Trust 2006-A1					Towd Point Mortgage Funding 2016-Granite1
3.60%, 02/25/2036(m)			263	244	PLC
Lehman XS Trust Series 2005-7N					1.79%, 07/20/2046	GBP	200		272
1.61%, 12/25/2035			76	65	ICE LIBOR GBP 3M + 1.40%
1 Month LIBOR + 0.28%					Wells Fargo Mortgage Backed Securities
Lehman XS Trust Series 2006-2N					2003-M Trust
1.59%, 02/25/2046			146	129	3.70%, 12/25/2033(m)	$	209		211
1 Month LIBOR + 0.26%					Wells Fargo Mortgage Backed Securities
Ludgate Funding PLC					2004-I Trust
0.00%, 01/01/2061(b)		EUR	107	124	3.44%, 07/25/2034(m)		491		498
Euribor 3 Month + 0.16%					Wells Fargo Mortgage Backed Securities
0.94%, 01/01/2061		GBP	420	556	2005-11 Trust
ICE LIBOR GBP 3M + 0.60%					5.50%, 11/25/2035		24		25
MASTR Adjustable Rate Mortgages Trust					Wells Fargo Mortgage Backed Securities
2004-7					2005-16 Trust
3.31%, 07/25/2034(m)		$	225	220	6.00%, 01/25/2036		114		114
MASTR Adjustable Rate Mortgages Trust					Wells Fargo Mortgage Backed Securities
2005-2					2005-AR10 Trust
3.29%, 03/25/2035(m)			620	585	3.42%, 05/01/2035(m)		66		68
MASTR Adjustable Rate Mortgages Trust					Wells Fargo Mortgage Backed Securities
2006-2					2005-AR12 Trust
3.71%, 04/25/2036(m)			128	127	3.34%, 06/25/2035(m)		127		129
MASTR Alternative Loan Trust 2003-9					Wells Fargo Mortgage Backed Securities
5.25%, 11/25/2033			63	65	Trust
MASTR Alternative Loan Trust 2004-5					3.55%, 08/25/2034(m)		96		99
5.50%, 06/25/2034			71	73			$		42,022
6.00%, 06/25/2034			85	88	Oil & Gas - 2.15%
MASTR Alternative Loan Trust 2004-8					Bellatrix Exploration Ltd
6.00%, 09/25/2034			390	415	8.50%, 05/15/2020(c)		1,040		1,001
Merrill Lynch Mortgage Investors Trust Series					BP Capital Markets PLC
MLCC 2006-2					1.84%, 02/13/2018		255		255
3.17%, 05/25/2036(m)			39	39	3 Month LIBOR + 0.43%
Newgate Funding PLC					California Resources Corp
0.27%, 12/15/2050		EUR	151	179	5.50%, 09/15/2021		18		13
Euribor 3 Month + 0.60%					6.00%, 11/15/2024		89		55
RALI Series 2006-QO4 Trust					8.00%, 12/15/2022(c)		745		551
1.52%, 04/25/2046		$	206	194	Cenovus Energy Inc
1 Month LIBOR + 0.19%					5.40%, 06/15/2047(c)		720		732
Residential Asset Securitization Trust 2003-					Cobalt International Energy Inc
A9					7.75%, 12/01/2023(c)		3,206		1,956
4.00%, 08/25/2033			380	380	10.75%, 12/01/2021(c)		6,571		6,949
Residential Asset Securitization Trust 2005-					Cosan Luxembourg SA
A8	CB				7.00%, 01/20/2027(c)		390		421
5.38%, 07/25/2035			309	274	Denbury Resources Inc
RFMSI Series 2006-S1 Trust					5.50%, 05/01/2022		4,428		2,878
5.75%, 01/25/2036			100	100	9.00%, 05/15/2021(c)		1,630		1,569
RFMSI Series 2006-SA2 Trust					Exxon Mobil Corp
4.59%, 08/25/2036(m)			554	518	1.47%, 03/15/2019		610		611
Rmac 2005-Ns3 PLC					3 Month LIBOR + 0.15%
0.03%, 06/12/2043		EUR	51	60	Geopark Ltd
Euribor 3 Month + 0.36%					6.50%, 09/21/2024(c)		220		225
RMAC Securities No 1 PLC					Gulfport Energy Corp
0.00%, 06/12/2044(b)			99	115	6.38%, 05/15/2025		705		710
Euribor 3 Month + 0.15%					Halcon Resources Corp
Structured Adjustable Rate Mortgage Loan					6.75%, 02/15/2025(c)		693		703
Trust					MEG Energy Corp
1.64%, 07/25/2035		$	749	601	6.38%, 01/30/2023(c)		295		270
1 Month LIBOR + 0.31%					7.00%, 03/31/2024(c)		940		846
3.66%, 09/25/2034(m)			237	241	Midstates Petroleum Co Inc
					0.00%, 06/01/2020(b),(e),(g)		1,471		—
					OGX Austria GmbH
					0.00%, 06/01/2018(b),(c)		600		—
					0.00%, 04/01/2022(b),(c)		1,100		—

See accompanying notes.

67

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
		Principal							Principal
BONDS (continued)		Amount (000's)			Value (000's)	BONDS (continued)			Amount (000's)		Value(000	's)
Oil & Gas (continued)						Other Asset Backed Securities (continued)
Petrobras Global Finance BV						Bayview Opportunity Master Fund IIIb Trust
5.30%, 01/27/2025(c)		$	589	$	589	2017	-RN3
5.63%, 05/20/2043			645		578	3.23%, 05/28/2032(c),(m)		$	118	$	118
6.00%, 01/27/2028(c)			10,910		10,976	Bayview Opportunity Master Fund IVb Trust
6.25%, 12/14/2026		GBP	1,000		1,477	2017-NP	L1
6.85%, 06/05/2115		$	7,725		7,397	3.60%, 01/28/2032(c),(m)			175		175
7.25%, 03/17/2044			245		256	Bayview Opportunity Master Fund IVb Trust
Petroleos Mexicanos						2017-NP	L2
5.50%, 01/21/2021			7,200		7,686	2.98%, 10/28/2032(c),(m)			425		425
7.65%, 11/24/2021(c)		MXN	6,500		337	Blackbird Capital Aircraft Lease Securitization
Southwestern Energy Co						Ltd 2016-1
6.70%, 01/23/2025		$	715		744	4.21%, 12/16/2041(c),(m)			242		251
SRC Energy Inc						5.68%, 12/16/2041(c),(m)			668		671
6.25%, 12/01/2025(c)			705		723	BlueMountain CLO 2013-4 Ltd
Tengizchevroil Finance Co International Ltd						7.01%, 04/15/2025(c)			3,000		2,955
4.00%, 08/15/2026			8,275		8,206	3 Month LIBOR + 5.65%
Vine Oil & Gas LP / Vine Oil & Gas Finance						Bowman Park CLO Ltd
Corp						6.86%, 11/23/2025(c)			1,000		998
8.75%, 04/15/2023(c)			715		704	3 Month LIBOR + 5.40%
YPF SA						CAM Mortgage Trust
6.95%, 07/21/2027(c)			615		657	4.00%, 01/15/2056(c),(m)			8		8
21.95%, 07/07/2020(c)			410		385	5.00%, 01/15/2056(c),(m)			545		536
Argentina Deposit Rates Badlar + 4.00%						CLI Funding V LLC
			$		60,460	3.38%, 10/18/2029(c)			477		475
Oil & Gas Services - 0.17%						CLUB Credit Trust 2017-NP1
FTS International Inc						2.42%, 09/15/2023(c)			308		308
6.25%, 05/01/2022			4,177		4,041	Coinstar Funding LLC Series 2017-1
8.82%, 06/15/2020(c)			787		803	5.22%, 04/25/2047(c)			721		750
3 Month LIBOR + 7.50%						Colony American Finance 2015-1 Ltd
						5.65%, 10/15/2047(c)			550		579
			$		4,844
Other Asset Backed Securities - 1.84%						Colony American Finance 2016-1 Ltd
						4.64%, 06/15/2048(c),(m)			260		263
AASET 2017-1 Trust
3.97%, 05/16/2042(c)			241		242	Colony American Homes 2014-1
						4.07%, 05/17/2031(c)			450		453
AIM Aviation Finance Ltd
5.07%, 02/15/2040(c),(m)			1,104		1,082	1 Month LIBOR + 2.80%
AJAX Mortgage Loan Trust						Colony American Homes 2014-2
3.47%, 04/25/2057(c),(m)			96		96	4.49%, 07/17/2031(c)			722		725
Ajax Mortgage Loan Trust 2016-B						1 Month LIBOR + 3.20%
4.00%, 09/25/2065(c),(m)			451		451	Colony American Homes 2015-1
						3.42%, 07/17/2032(c)			730		731
Ajax Mortgage Loan Trust 2016-C
4.00%, 10/25/2057(c),(m)			270		272	1 Month LIBOR + 2.15%
						4.27%, 07/17/2032(c)			170		171
ALM VII R Ltd
8.50%, 10/15/2028(c)			2,000		2,109	1 Month LIBOR + 3.00%
						4.92%, 07/17/2032(c)			580		589
3 Month LIBOR + 7.14%
American Homes 4 Rent 2014-SFR2 Trust						1 Month LIBOR + 3.65%
5.15%, 10/17/2036(c)			280		301	Diamond Resorts Owner Trust
6.23%, 10/17/2036(c)			695		777	6.07%, 10/22/2029(c)			248		247
American Homes 4 Rent 2014-SFR3 Trust						Five Guys Funding LLC
6.42%, 12/17/2036(c)			900		1,016	4.60%, 07/25/2047(c)			219		224
American Homes 4 Rent 2015-SFR1						GCA2014 Holdings Ltd - Class C
5.64%, 04/17/2052(c)			1,045		1,138	6.00%, 01/05/2030(c),(e),(g)			622		436
AMMC CLO 17 Ltd						GCA2014 Holdings Ltd - Class D
8.17%, 11/15/2027(c)			2,500		2,506	7.50%, 01/05/2030(c),(e),(g)			250		72
3 Month LIBOR + 6.75%						GCA2014 Holdings Ltd - Class E
						0.00%, 01/05/2030(b),(c),(e),(g)			1,030		—
AMMC CLO 18 Ltd
8.13%, 05/26/2028(c)			1,750		1,766	GCAT 2017-2 LLC
						3.50%, 04/25/2047(c),(m)			327		328
3 Month LIBOR + 6.67%
Apidos CLO XXII						GCAT 2017-3 LLC
7.36%, 10/20/2027(c)			750		760	3.35%, 04/25/2047(c),(m)			184		184
3 Month LIBOR + 6.00%						GCAT 2017-4 LLC
						3.23%, 05/25/2022(c),(m)			82		82
Ascentium Equipment Receivables 2017-2
Trust						GCAT 2017-5 LLC
2.87%, 08/10/2022(c)			80		80	3.23%, 07/25/2047(c),(m)			259		260
Avery Point VII CLO Ltd						Global Container Assets Ltd
7.96%, 01/15/2028(c)			1,400		1,444	4.50%, 02/05/2030(c)			357		343
3 Month LIBOR + 6.60%						Harbour Aircraft Investments Ltd
						8.00%, 11/15/2037(g)			1,435		1,432
Bayview Opportunity Master Fund IIIa Trust
2017	-RN7
3.10%, 09/28/2032(c),(m)			361		361
Bayview Opportunity Master Fund IIIb Trust
2017	-RN2
3.47%, 04/28/2032(c),(m)			62		62

See accompanying notes.

68

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
			Principal			Principal
BONDS (continued)			Amount (000's)	Value (000's)	BONDS (continued)	Amount (000's)            Value (000's)
Other Asset Backed Securities (continued)					Other Asset Backed Securities (continued)
Invitation Homes 2015-SFR1 Trust					VOLT LVI LLC
5.45%, 03/17/2032(c)		$	690	$ 699	3.50%, 03/25/2047(c),(m)	$	474	$	477
1 Month LIBOR + 4.20%					5.88%, 03/25/2047(c),(m)		650		653
Invitation Homes 2015-SFR3 Trust					VOLT LVII LLC
5.00%, 08/17/2032(c)			430	438	3.38%, 04/25/2047(c),(m)		122		123
1 Month LIBOR + 3.75%					VOLT LXI LLC
Kabbage Asset Securitization LLC					3.13%, 06/25/2047(c),(m)		342		343
8.00%, 03/15/2022(c)			253	268	VOLT LXIII LLC
Magnetite IX Ltd					3.00%, 10/25/2047(c),(m)		270		270
7.12%, 07/25/2026(c)			1,750	1,715	VOLT XL LLC
3 Month LIBOR + 5.75%					4.88%, 11/27/2045(c),(m)		215		215
NYMT Residential 2016-RP1					WAVE 2017-1 Trust
4.00%, 03/25/2021(c),(m)			98	99	5.68%, 11/15/2042(c),(g)		305		305
Oak Hill Advisors Residential Loan Trust							$		51,781
2017-NP	L2				Packaging & Containers - 0.09%
3.00%, 07/25/2057(c),(m)			523	523	BWAY Holding Co
4.88%, 07/25/2057(c),(m)			705	703	5.50%, 04/15/2024(c)		2,416		2,519
Oak Hill Advisors Residential Loan Trust
2017-NPLA					Pharmaceuticals - 0.24%
3.00%, 06/25/2057(c),(m)			235	236	Endo Dac / Endo Finance LLC / Endo Finco
OneMain Financial Issuance Trust 2014-2					Inc
2.47%, 09/18/2024(c)			7	7	6.00%, 02/01/2025(c)		5,841		4,541
3.02%, 09/18/2024(c)			130	130	Grifols SA
5.31%, 09/18/2024(c)			1,210	1,224	3.20%, 05/01/2025(c)	EUR	655		795
OneMain Financial Issuance Trust 2015-1					Merck & Co Inc
3.19%, 03/18/2026(c)			220	221	1.80%, 05/18/2018	$	605		606
OneMain Financial Issuance Trust 2015-3					3 Month LIBOR + 0.36%
4.16%, 11/20/2028(c)			790	802	Teva Pharmaceutical Finance Netherlands III
OneMain Financial Issuance Trust 2016-2					BV
5.94%, 03/20/2028(c)			1,295	1,331	4.10%, 10/01/2046		340		259
OSAT 2016-NPL1 Trust					Valeant Pharmaceuticals International Inc
3.75%, 07/25/2056(c),(m)			164	165	4.50%, 05/15/2023(c)	EUR	135		138
PRPM 2017-2 LLC					6.13%, 04/15/2025(c)	$	635		545
3.50%, 09/25/2022(c),(m)			977	973			$		6,884
5.00%, 09/25/2022(c),(m)			270	259	Pipelines - 0.34%
PRPM 2017-3 LLC					Abu Dhabi Crude Oil Pipeline LLC
3.47%, 11/25/2022(c),(e),(g),(m)			340	340	3.65%, 11/02/2029(c)		6,100		6,040
5.00%, 11/25/2022(c),(g),(m)			105	102	EnLink Midstream Partners LP
RCO Mortgage LLC 2017-1					6.00%, 12/31/2049(j)		1,265		1,229
3.38%, 08/25/2022(c),(m)			865	868	3 Month LIBOR + 4.11%
Rise Ltd					NGPL PipeCo LLC
4.75%, 02/15/2039(m)			306	310	4.38%, 08/15/2022(c)		135		138
Shenton Aircraft Investment I Ltd					4.88%, 08/15/2027(c)		225		234
4.75%, 10/15/2042(c)			964	1,001	7.77%, 12/15/2037(c)		265		327
Sierra Timeshare 2013-1 Receivables Funding					Transcanada Trust
LLC					5.30%, 03/15/2077		1,435		1,485
1.59%, 11/20/2029(c)			54	54	3 Month LIBOR + 3.21%
Sierra Timeshare 2013-3 Receivables Funding							$		9,453
LLC					Real Estate - 0.40%
2.20%, 10/20/2030(c)			117	117
					China Evergrande Group
Sound Point Clo XV Ltd					8.25%, 03/23/2022		6,150		6,481
7.32%, 01/23/2029(c)			1,500	1,513
					8.75%, 06/28/2025		2,600		2,683
3 Month LIBOR + 5.96%					Rialto Holdings LLC / Rialto Corp
SpringCastle America Funding LLC					7.00%, 12/01/2018(c)		2,238		2,244
3.05%, 04/25/2029(c)			208	210
							$		11,408
Sprite Cayman					Regional Authority - 0.16%
5.75%, 12/15/2037(c),(g),(l)			745	732
					Provincia de Buenos Aires/Argentina
TAL Advantage V LLC					5.75%, 06/15/2019(c)		735		764
3.55%, 11/20/2038(c)			315	315
					6.50%, 02/15/2023(c)		545		579
THL Credit Wind River 2014-3 CLO Ltd					7.88%, 06/15/2027(c)		450		503
6.96%, 01/22/2027(c)			3,000	2,999
					24.50%, 05/31/2022	ARS	45,870		2,695
3 Month LIBOR + 5.60%					Argentina Deposit Rates Badlar + 3.83%
THUNDERBOLT AIRCRAFT LEASE LTD
5.75%, 05/17/2032(c),(m)			241	244			$		4,541
Verizon Owner Trust 2017-3					REITs - 0.14%
1.51%, 04/20/2022(c)			535	536	Uniti Group LP / Uniti Group Finance Inc /
1 Month LIBOR + 0.27%					CSL Capital LLC
VOLT LIV LLC					8.25%, 10/15/2023	$	2,000		1,915
3.50%, 02/25/2047(c),(m)			151	152	VICI Properties 1 LLC / VICI FC Inc
6.00%, 02/25/2047(c),(m)			545	548	4.85%, 10/15/2022		428		429
VOLT LV LLC					3 Month LIBOR + 3.50%
3.50%, 03/25/2047(c),(m)			307	309	8.00%, 10/15/2023		1,329		1,479
							$		3,823

See accompanying notes.

69

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
	Principal					Principal
BONDS (continued)	Amount (000's)			Value (000's)	BONDS (continued)	Amount (000's)		Value (000's)
Retail - 0.15%					Sovereign (continued)
Golden Nugget Inc					Portugal Government International Bond
6.75%, 10/15/2024(c)	$	520	$	531	5.13%, 10/15/2024(c)	$	1,079		1,150
PF Chang's China Bistro Inc					5.13%, 10/15/2024		7,599		8,102
10.25%, 06/30/2020(c)		2,062		1,814	Qatar Government International Bond
Staples Inc					6.55%, 04/09/2019(c),(o)		2,790		2,945
8.50%, 09/15/2025(c)		2,041		1,837	6.55%, 04/09/2019(o)		3,988		4,210
		$		4,182	Republic of Poland Government Bond
Savings & Loans - 0.03%					2.50%, 07/25/2027	PLN	95,376		25,152
Flagstar Bancorp Inc					Republic of South Africa Government Bond
6.13%, 07/15/2021		717		764	8.75%, 01/31/2044	ZAR	57,780		3,598
					8.75%, 02/28/2048		22,820		1,423
Software - 0.03%					8.88%, 02/28/2035		25,614		1,676
Quintiles IMS Inc					10.50%, 12/21/2026		10,535		822
3.25%, 03/15/2025(c)	EUR	680		835	Republic of South Africa Government
					International Bond
Sovereign - 11.06%					6.88%, 05/27/2019	$	22,930		24,258
1MDB Global Investments Ltd					Serbia International Bond
4.40%, 03/09/2023	$	10,300		9,929	4.88%, 02/25/2020		4,000		4,163
Abu Dhabi Government International Bond					5.88%, 12/03/2018(c)		1,063		1,098
2.50%, 10/11/2022(c)		3,900		3,851	5.88%, 12/03/2018		11,400		11,771
3.13%, 10/11/2027(c)		7,400		7,270	6.75%, 11/01/2024(m)		2,225		2,267
4.13%, 10/11/2047(c)		2,800		2,783	Sri Lanka Government International Bond
Argentina POM Politica Monetaria					5.88%, 07/25/2022		5,420		5,716
26.25%, 06/21/2020	ARS	181,025		11,193	6.25%, 07/27/2021		2,400		2,553
Argentina Central Bank 7D Repo Rate + 0.00%					Turkey Government International Bond
Argentine Republic Government International					4.88%, 10/09/2026		6,450		6,279
Bond					6.75%, 04/03/2018		15,400		15,591
3.38%, 10/12/2020	CHF	5,162		5,420	7.50%, 11/07/2019		1,334		1,434
3.38%, 01/15/2023	EUR	7,472		8,982	Ukraine Government International Bond
3.88%, 01/15/2022		621		771	7.75%, 09/01/2022		2,100		2,233
5.00%, 01/15/2027		3,580		4,346	7.75%, 09/01/2025		4,950		5,179
5.25%, 01/15/2028		254		309	Venezuela Government International Bond
Bahrain Government International Bond					9.25%, 09/15/2027		10,000		2,350
7.00%, 10/12/2028	$	2,700		2,714				$	311,260
7.50%, 09/20/2047(c)		8,050		7,635	Student Loan Asset Backed Securities - 0.09%
Costa Rica Government International Bond					SLM Private Credit Student Loan Trust 2003-
7.00%, 04/04/2044		252		262	A
Croatia Government International Bond					3.79%, 06/15/2032		290		293
3.00%, 03/20/2027	EUR	4,250		5,366	Mexico Treasuruies Auction Rate + 0.00%
Gabon Government International Bond					SLM Private Credit Student Loan Trust 2003-
6.95%, 06/16/2025(c)	$	1,400		1,424	B
6.95%, 06/16/2025		5,750		5,849	3.79%, 03/15/2033		850		858
Hellenic Republic Treasury Bill					Mexico Treasuruies Auction Rate + 0.00%
0.00%, 12/15/2017(b)	EUR	10,000		11,884	SMB Private Education Loan Trust 2017-B
0.00%, 01/12/2018(b)		800		949	2.10%, 10/15/2035(c)		310		311
0.00%, 02/02/2018(b)		728		863	1 Month LIBOR + 0.75%
0.00%, 02/09/2018(b)		5,780		6,855	SoFi Professional Loan Program 2014-B
0.00%, 05/04/2018(b)		4,624		5,457	LLC
Indonesia Treasury Bond					2.58%, 08/25/2032(c)		45		46
7.50%, 08/15/2032	IDR 86,200,000			6,612	1 Month LIBOR + 1.25%
7.50%, 05/15/2038		87,000,000		6,638	SoFi Professional Loan Program 2015-A
Iraq International Bond					LLC
5.80%, 01/15/2028	$	7,914		7,554	2.53%, 03/25/2033(c)		282		287
Malaysia Government Bond					1 Month LIBOR + 1.20%
3.44%, 02/15/2021	MYR	11,960		2,927	SoFi Professional Loan Program 2015-C
4.18%, 07/15/2024		45,300		11,192	LLC
Mexican Bonos					3.58%, 08/25/2036(c)		112		111
5.75%, 03/05/2026	MXN	23,500		1,146	Sofi Professional Loan Program 2016-A LLC
Montenegro Government International Bond					3.57%, 01/26/2038(c)		546		545
3.88%, 03/18/2020(c)	EUR	5,812		7,185				$	2,451
3.88%, 03/18/2020		507		627	Supranational Bank - 0.33%
5.38%, 05/20/2019		1,500		1,882	Banque Ouest Africaine de Developpement
5.75%, 03/10/2021		426		558	5.00%, 07/27/2027(c)		5,900		6,136
Nigeria Government International Bond					European Investment Bank
6.50%, 11/28/2027(c)	$	6,600		6,736	2.38%, 06/15/2022		2,117		2,123
Pakistan Government International Bond					Inter-American Development Bank
6.88%, 12/05/2027(c),(l)		3,800		3,809	2.38%, 07/07/2027		712		699
Peru Government Bond					International Bank for Reconstruction &
6.15%, 08/12/2032(c)	PEN	22,100		7,228	Development
Peruvian Government International Bond					2.50%, 11/22/2027		320		317
6.35%, 08/12/2028(c)		9,300		3,123
								$	9,275
6.35%, 08/12/2028		17,750		5,961

See accompanying notes.

70

Consolidated Schedule of Investments Global Multi-Strategy Fund November 30, 2017 (unaudited)

	Principal					Principal
BONDS (continued)	Amount (000's) Value (000's)				CONVERTIBLE BONDS (continued)	Amount (000's) Value (000's)
Telecommunications - 1.31%					Electric (continued)
Avanti Communications Group PLC					NRG Yield Inc (continued)
15.00%, PIK 15.00%, 10/01/2021(c),(k),(m)	$	1,208	$	997	3.50%, 02/01/2019(c)	$	650	$	660
Axtel SAB de CV							$		785
6.38%, 11/14/2024(c)		6,000		6,090
					Electrical Components & Equipment - 0.02%
Cisco Systems Inc					General Cable Corp
1.67%, 09/20/2019		1,420		1,426	4.50%, 11/15/2029(a),(m)		75		73
3 Month LIBOR + 0.34%					SunPower Corp
Goodman Networks Inc					0.75%, 06/01/2018		575		566
8.00%, 05/11/2022		2,553		1,940			$		639
HTA Group Ltd/Mauritius
9.13%, 03/08/2022(c)		3,600		3,843	Electronics - 0.05%
					TTM Technologies Inc
9.13%, 03/08/2022		3,065		3,272	1.75%, 12/15/2020		550		975
Intelsat Jackson Holdings SA
9.75%, 07/15/2025(c)		1,000		969	Vishay Intertechnology Inc
					2.25%, 11/15/2040		300		512
MTN Mauritius Investment Ltd							$		1,487
4.76%, 11/11/2024		3,500		3,463
5.37%, 02/13/2022(c)		6,200		6,393	Energy - Alternate Sources - 0.00%
					SunEdison Inc
Oi SA					0.00%, 10/01/2018(b)		400		8
0.00%, 09/15/2016(b),(c)	BRL	1,475		135
					0.00%, 01/15/2020(b),(c)		1,425		29
Telenet Finance Luxembourg Notes Sarl					0.00%, 01/01/2021(b)		725		14
5.50%, 03/01/2028(c),(e),(g),(l)	$	1,400		1,396
VEON Holdings BV							$		51
4.95%, 06/16/2024(c)		6,650		6,820	Engineering & Construction - 0.01%
		$		36,744	Tutor Perini Corp
Transportation - 0.12%					2.88%, 06/15/2021		165		181
Hornbeck Offshore Services Inc
5.88%, 04/01/2020		5,271		3,479	Healthcare - Products - 0.00%
					Insulet Corp
					1.38%, 11/15/2024(c)		55		56
TOTAL BONDS		$		836,459
	Principal				Healthcare - Services - 0.29%
CONVERTIBLE BONDS - 2.59%	Amount (000's)     Value (000's)				Anthem Inc
Automobile Manufacturers - 0.01%					2.75%, 10/15/2042(a)		2,450		7,868
Tesla Inc					Brookdale Senior Living Inc
2.38%, 03/15/2022		350		406	2.75%, 06/15/2018		100		99
					Teladoc Inc
Automobile Parts & Equipment - 0.01%					3.00%, 12/15/2022(c)		250		286
Meritor Inc
3.25%, 10/15/2037(c)		250		265			$		8,253
					Holding Companies - Diversified - 0.01%
Biotechnology - 0.07%					RWT Holdings Inc
Acorda Therapeutics Inc					5.63%, 11/15/2019		185		188
1.75%, 06/15/2021		500		418
AMAG Pharmaceuticals Inc					Internet - 0.21%
3.25%, 06/01/2022		200		174	Twitter Inc
BioMarin Pharmaceutical Inc					0.25%, 09/15/2019		3,374		3,218
0.60%, 08/01/2024		215		209	VeriSign Inc
1.50%, 10/15/2020		400		462	4.70%, 08/15/2037		825		2,770
Innoviva Inc							$		5,988
2.13%, 01/15/2023		300		286	Investment Companies - 0.52%
Intercept Pharmaceuticals Inc					Aabar Investments PJSC
3.25%, 07/01/2023		460		367	0.50%, 03/27/2020	EUR	7,800		8,468
		$		1,916	1.00%, 03/27/2022		5,900		6,043
Coal - 0.00%					Prospect Capital Corp
Alpha Natural Resources Inc					4.95%, 07/15/2022	$	175		172
0.00%, 12/15/2020(b),(e),(g)		100		—			$		14,683
					Iron & Steel - 0.01%
Commercial Services - 0.05%					Allegheny Technologies Inc
Element Fleet Management Corp					4.75%, 07/01/2022		125		221
5.13%, 06/30/2019(c)	CAD	725		573
Macquarie Infrastructure Corp					Media - 0.27%
2.00%, 10/01/2023	$	710		682	DISH Network Corp
					2.38%, 03/15/2024(c)		470		458
		$		1,255
Diversified Financial Services - 0.01%					3.38%, 08/15/2026		6,180		6,887
PRA Group Inc					Liberty Media Corp
3.50%, 06/01/2023(c)		50		51	2.25%, 09/30/2046		115		120
Walter Investment Management Corp							$		7,465
0.00%, 11/01/2019(b)		870		78	Oil & Gas - 0.06%
		$		129	Chesapeake Energy Corp
					5.50%, 09/15/2026(c)		745		683
Electric - 0.03%
NRG Yield Inc					Cobalt International Energy Inc
3.25%, 06/01/2020(c)		125		125	3.13%, 05/15/2024		4,828		495
					Nabors Industries Inc
					0.75%, 01/15/2024(c)		395		293

See accompanying notes.

71

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
		Principal						Principal
CONVERTIBLE BONDS (continued)		Amount (000's)   Value (000's)			CONVERTIBLE BONDS (continued)			Amount (000's)	Value (000's)
Oil & Gas (continued)					Trucking & Leasing - 0.01%
SM Energy Co					Greenbrier Cos Inc/The
1.50%, 07/01/2021	$	90	$	85	2.88%, 02/01/2024(c)		$	320		$	369
Whiting Petroleum Corp
1.25%, 04/01/2020		200		180	TOTAL CONVERTIBLE BONDS				$		72,890
		$		1,736	SENIOR FLOATING RATE INTERESTS -			Principal
Oil & Gas Services - 0.03%					5.60	%		Amount (000's)	Value (000's)
Weatherford International Ltd					Advertising - 0.05%
5.88%, 07/01/2021		700		701	Red Ventures LLC, Term Loan B
					5.33%, 10/18/2024(p)		$	1,372	$		1,365
Pharmaceuticals - 0.03%					US LIBOR + 4.00%
Flexion Therapeutics Inc
3.38%, 05/01/2024(c)		60		74	Aerospace & Defense - 0.05%
Horizon Pharma Investment Ltd					TransDigm Inc, Term Loan E
2.50%, 03/15/2022		325		301	0.00%, 08/14/2022(p),(q)			58			58
Neurocrine Biosciences Inc					US LIBOR + 2.75%
2.25%, 05/15/2024(c)		485		595	4.27%, 05/13/2022(p)			64			65
		$		970	US LIBOR + 3.00%
Private Equity - 0.01%					TransDigm Inc, Term Loan F
Hercules Capital Inc					0.00%, 06/09/2023(p),(q)			486			486
4.38%, 02/01/2022(c)		200		205	US LIBOR + 2.75%
					4.27%, 06/09/2023(p)			486			486
REITs - 0.07%					US LIBOR + 3.00%
Apollo Commercial Real Estate Finance Inc					TransDigm Inc, Term Loan G
4.75%, 08/23/2022		125		126	4.26%, 08/16/2024(p)			190			190
Blackstone Mortgage Trust Inc					US LIBOR + 3.00%
4.38%, 05/05/2022		175		178					$		1,285
iStar Inc					Automobile Manufacturers - 0.05%
3.13%, 09/15/2022(c)		585		586	OEConnection LLC, Term Loan
Redwood Trust Inc					0.00%, 11/17/2024(p),(q)			686			681
4.75%, 08/15/2023		125		121	US LIBOR + 4.00%
Spirit Realty Capital Inc					0.00%, 11/21/2025(p),(q)			641			638
2.88%, 05/15/2019		725		725	US LIBOR + 8.00%
3.75%, 05/15/2021		150		154	UOS LLC, Term Loan B
		$		1,890	0.00%, 04/07/2023(p),(q)			209			213
Semiconductors - 0.71%					US LIBOR + 5.50%
Intel Corp									$		1,532
3.25%, 08/01/2039		3,501		7,553	Automobile Parts & Equipment - 0.13%
Microchip Technology Inc					Commercial Vehicle Group Inc, Term Loan
2.25%, 02/15/2037(c)		708		824	B
Novellus Systems Inc					7.24%, 04/12/2023(p)			1,369			1,373
2.63%, 05/15/2041		2,000		11,468	US LIBOR + 6.00%
Rovi Corp					Superior Industries International Inc, Term
0.50%, 03/01/2020		150		145	Loan
Synaptics Inc					5.81%, 03/22/2024(p)			1,496			1,506
0.50%, 06/15/2022(c)		125		114	US LIBOR + 4.50%
		$		20,104	Truck Hero Inc, Term Loan
Software - 0.02%					5.33%, 05/16/2024(p)			643			643
Evolent Health Inc					US LIBOR + 4.00%
2.00%, 12/01/2021(c)		130		124					$		3,522
Verint Systems Inc					Building Materials - 0.17%
1.50%, 06/01/2021		345		340	American Bath Group LLC, Term Loan
		$		464	6.58%, 09/30/2023(p)			3,394			3,423
Telecommunications - 0.06%					US LIBOR + 5.25%
Ciena Corp					Quikrete Holdings Inc, Term Loan B
3.75%, 10/15/2018		925		1,106	4.08%, 11/03/2023(p)			835			837
Finisar Corp					US LIBOR + 2.75%
0.50%, 12/15/2036(c)		745		687	VC GB Holdings Inc, Term Loan
		$		1,793	9.24%, 02/21/2025(p)			567			571
Transportation - 0.02%					US LIBOR + 8.00%
Atlas Air Worldwide Holdings Inc									$		4,831
1.88%, 06/01/2024		150		176	Chemicals - 0.09%
Echo Global Logistics Inc					Ashland LLC, Term Loan B
2.50%, 05/01/2020		220		222	3.30%, 05/24/2024(p)			85			85
Ship Finance International Ltd					US LIBOR + 2.00%
5.75%, 10/15/2021		275		292	Axalta Coating Systems US Holdings Inc,
		$		690	Term Loan B2
					3.33%, 06/21/2024(p)			173			173
					US LIBOR + 2.00%
					HB Fuller Co, Term Loan B
					3.53%, 10/20/2024(p)			275			276
					US LIBOR + 2.25%

See accompanying notes.

72

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
SENIOR FLOATING RATE INTERESTS		Principal			SENIOR FLOATING RATE INTERESTS		Principal
(continued)		Amount (000's)   Value (000's)			(continued)		Amount (000's) Value (000's)
Chemicals (continued)					Computers (continued)
HVSC Merger Sub Corp, Term Loan					NeuStar Inc, Term Loan B2
9.62%, 10/20/2025(p)	$	760	$	758	5.15%, 03/01/2024(p)	$	325	$	328
HVSC Merger Sub Corp, Term Loan B					US LIBOR + 3.75%
5.37%, 10/20/2024(p)		415		418			$		4,946
US LIBOR + 4.00%					Cosmetics & Personal Care - 0.02%
New Arclin US Holding Corp, Term Loan					Sundial Brands LLC, Term Loan
10.08%, 02/14/2025(p)		703		709	5.99%, 08/11/2024(p)		594		594
US LIBOR + 8.75%					US LIBOR + 4.75%
		$		2,419
Commercial Services - 0.41%					Distribution & Wholesale - 0.01%
Belron SA, Term Loan					HD Supply Inc, Term Loan B4
0.00%, 10/25/2024(p),(q)		731		736	3.83%, 10/17/2023(p)		332		335
3.89%, 10/25/2024(p)		170		171	US LIBOR + 2.50%
Camelot Finance LP, Term Loan
4.54%, 10/03/2023(p)		303		304	Diversified Financial Services - 0.32%
US LIBOR + 3.25%					Duff & Phelps Corp, Term Loan B
Gartner Inc, Term Loan B					4.61%, 10/05/2024(p)		758		758
3.34%, 03/15/2024(p)		95		95	US LIBOR + 3.25%
US LIBOR + 2.00%					Ocwen Loan Servicing LLC, Term Loan B
Imagine! Print Solutions Inc, Term Loan					6.24%, 12/07/2020(p)		3,136		3,138
10.09%, 06/21/2023(p)		427		410	US LIBOR + 5.00%
US LIBOR + 8.75%					Walter Investment Management Corp, Term
Kingpin Intermediate Holdings LLC, Term					Loan
Loan B					0.00%, 12/11/2020(b),(p)		5,457		5,075
5.57%, 06/29/2024(p)		998		1,005	US LIBOR + 3.75%
US LIBOR + 4.25%							$		8,971
KUEHG Corp, Term Loan					Electric - 0.29%
9.58%, 08/22/2025(p)		977		982	AES Corp/VA, Term Loan B
Legalzoom.com Inc, Term Loan B					3.45%, 05/19/2022(p)		971		974
0.00%, 11/15/2024(p),(q)		102		102	US LIBOR + 2.00%
US LIBOR + 4.50%					Chief Power Finance LLC, Term Loan B
Lighthouse Network LLC, Term Loan					6.00%, 12/31/2020(p)		864		606
0.00%, 11/20/2024(p),(q)		238		238	US LIBOR + 4.75%
US LIBOR + 4.50%					Exgen Renewables IV, Term Loan
0.00%, 11/20/2025(p),(q)		558		555	0.00%, 11/15/2024(p),(q)		242		244
US LIBOR + 8.50%					Star West Generation LLC, Term Loan B
Michael Baker International LLC, Term Loan					6.09%, 03/13/2020(p)		7,274		6,419
0.00%, 11/15/2022(p),(q)		346		344	US LIBOR + 4.75%
US LIBOR + 4.50%							$		8,243
Paradigm Acquisition Corp, Term Loan					Energy - Alternate Sources - 0.30%
5.61%, 10/04/2024(p)		1,273		1,279	SunEdison Inc, Term Loan
US LIBOR + 4.25%					8.74%, 04/26/2018(p)		2,908		2,905
10.02%, 10/06/2025(p)		578		578	13.24%, PIK 12.00%, 04/26/2018(k),(p)		5,654		5,640
US LIBOR + 8.50%							$		8,545
PSC Industrial Outsourcing LP, Term Loan					Engineering & Construction - 0.16%
9.74%, 10/03/2025(p)		980		962
					Brand Industrial Services Inc, Term Loan
US LIBOR + 8.50%					5.61%, 06/14/2024(p)		3,066		3,079
PSC Industrial Outsourcing LP, Term Loan B					US LIBOR + 4.25%
5.49%, 10/04/2024(p)		1,315		1,327
					Engility Corp, Term Loan B2
US LIBOR + 4.25%					4.60%, 08/12/2023(p)		212		213
USS Ultimate Holdings Inc, Term Loan					US LIBOR + 3.25%
4.99%, 08/09/2024(p)		50		50
					PlayCore Inc, Term Loan
US LIBOR + 3.75%					9.25%, 09/18/2025(p)		1,077		1,061
8.99%, 08/08/2025(p)		1,000		1,012
					US LIBOR + 7.75%
US LIBOR + 7.75%							$		4,353
Weight Watchers International Inc, Term					Entertainment - 0.00%
Loan
0.00%, 11/20/2024(p),(q)		1,330		1,308	AMC Entertainment Holdings Inc, Term Loan
					B
		$		11,458	3.50%, 10/31/2023(p)		65		64
Computers - 0.18%					US LIBOR + 2.25%
Dell International LLC, Term Loan A2
3.09%, 09/07/2021(p)		710		709
					Environmental Control - 0.02%
US LIBOR + 1.75%					GFL Environmental Inc, Term Loan B
McAfee LLC, Term Loan					4.08%, 09/27/2023(p)		158		159
5.83%, 09/30/2024(p)		695		698	US LIBOR + 2.75%
9.83%, 09/26/2025(p)		1,178		1,190
					SMI Acquisition Inc, Term Loan
US LIBOR + 8.50%					5.13%, 10/25/2024(p)		420		422
9.83%, 09/26/2025 (p)		2,000		2,021
					US LIBOR + 3.75%
US LIBOR + 8.50%							$		581

See accompanying notes.

73

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
SENIOR FLOATING RATE INTERESTS		Principal			SENIOR FLOATING RATE INTERESTS		Principal
(continued)		Amount (000's)     Value (000's)			(continued)		Amount (000's) Value (000's)
Food - 0.09%					Internet (continued)
Del Monte Foods Inc, Term Loan B					Zayo Group LLC, Term Loan B2
4.70%, 01/26/2021(p)	$	465	$	373	3.56%, 01/19/2024(p)	$	293	$	294
US LIBOR + 3.25%					US LIBOR + 2.25%
Give & Go Prepared Foods Corp, Term Loan							$		1,892
B					Investment Companies - 0.19%
5.70%, 07/29/2023(p)		1,615		1,627	TKC Holdings Inc, Term Loan
US LIBOR + 4.25%					5.52%, 02/01/2023(p)		1,057		1,068
Post Holdings Inc, Term Loan B					US LIBOR + 4.25%
3.50%, 05/17/2024(p)		334		335	9.27%, 01/31/2024(p)		3,337		3,362
US LIBOR + 2.25%					US LIBOR + 8.00%
Utz Quality Foods LLC, Term Loan					UFC Holdings LLC, Term Loan B
4.79%, 11/13/2024(p)		315		316	4.58%, 08/18/2023(p)		995		1,000
US LIBOR + 3.50%					US LIBOR + 3.25%
		$		2,651			$		5,430
Healthcare - Products - 0.00%					Iron & Steel - 0.07%
YI LLC, Term Loan					Can Am Construction Inc/Canada, Term Loan
5.25%, 11/06/2024(p)		98		98	B
US LIBOR + 4.00%					6.74%, 07/01/2024(p)		1,995		2,020
					US LIBOR + 5.50%
Healthcare - Services - 0.47%
21st Century Oncology Inc, Term Loan B					Leisure Products & Services - 0.01%
7.47%, 04/30/2022(p)		3,378		3,170	ClubCorp Holdings Inc, Term Loan B
US LIBOR + 6.13%					4.59%, 08/16/2024(p)		285		286
Envision Healthcare Corp, Term Loan C					US LIBOR + 3.25%
4.25%, 12/01/2023(p)		189		189
US LIBOR + 3.00%					Lodging - 0.01%
Heartland Dental LLC, Term Loan					Boyd Gaming Corp, Term Loan B
6.05%, 07/26/2023(p)		2,047		2,074	3.70%, 09/15/2023(p)		148		148
US LIBOR + 4.75%					US LIBOR + 2.50%
9.75%, 07/26/2024(p)		1,100		1,103
US LIBOR + 8.50%					Machinery - Diversified - 0.01%
Highland Acquisition Holdings LLC, Term					Engineered Machinery Holdings Inc, Delay-
Loan					Draw Term Loan DD
6.74%, 11/23/2022(p)		3,043		3,043	5.56%, 07/25/2024(p)		22		22
MDVIP Inc, Term Loan					US LIBOR + 3.25%
5.66%, 11/08/2024(p)		693		693	Engineered Machinery Holdings Inc, Term
Superior Vision, Term Loan					Loan
0.00%, 11/01/2024(p),(q)		845		849	4.56%, 07/25/2024(p)		220		220
0.00%, 11/02/2025(p),(q)		493		495	US LIBOR + 3.25%
Surgery Center Holdings Inc, Term Loan							$		242
4.50%, 06/20/2024(p)		680		669
					Media - 0.15%
US LIBOR + 3.25%					Altice Financing LLC, Term Loan
Tennessee Merger Sub Inc, Term Loan					0.00%, 01/06/2026(p),(q)		375		364
3.99%, 02/06/2024(p)		942		920
					Altice US Finance I Corp, Term Loan B
		$		13,205	3.60%, 07/28/2025(p)		57		56
Home Furnishings - 0.03%					US LIBOR + 2.25%
TGP Holdings III LLC, Term Loan					CBS Radio Inc, Term Loan B1
6.33%, 09/25/2024(p)		269		271	4.17%, 03/02/2024(p)		242		244
US LIBOR + 5.00%					US LIBOR + 2.75%
9.83%, 09/25/2025(p)		516		517	CSC Holdings LLC, Term Loan
US LIBOR + 8.50%					3.52%, 07/15/2025(p)		45		44
		$		788	US LIBOR + 2.25%
Insurance - 0.19%					Radiate Holdco LLC, Term Loan B
Confie Seguros Holding II Co, Term Loan					0.00%, 12/09/2023(p),(q)		720		714
11.25%, 05/08/2019(p)		1,720		1,660	US LIBOR + 3.00%
US LIBOR + 9.00%					Springer Science+Business Media GmbH,
Confie Seguros Holding II Co, Term Loan B					Term Loan B13
6.99%, 04/19/2022(p)		2,913		2,896	0.00%, 08/14/2022(p),(q)		302		303
US LIBOR + 4.75%					US LIBOR + 3.50%
USI Inc/NY, Term Loan B					Unitymedia Finance LLC, Term Loan B
4.31%, 05/16/2024(p)		760		758	3.50%, 09/08/2025(p)		999		998
US LIBOR + 3.00%					US LIBOR + 2.25%
		$		5,314	UPC Financing Partnership, Term Loan AR
Internet - 0.07%					3.75%, 01/15/2026(p)		376		377
Ancestry.com Operations Inc, Term Loan B					US LIBOR + 2.50%
4.50%, 10/19/2023(p)		600		603	Virgin Media Bristol LLC, Term Loan K
US LIBOR + 3.25%					3.75%, 01/15/2026(p)		530		530
Uber Technologies Inc, Term Loan B					US LIBOR + 2.50%
5.33%, 07/13/2023(p)		988		995
US LIBOR + 4.00%

See accompanying notes.

74

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
SENIOR FLOATING RATE INTERESTS	Principal				SENIOR FLOATING RATE INTERESTS		Principal
(continued)	Amount (000's)     Value (000's)				(continued)		Amount (000's)   Value (000's)
Media (continued)					Retail (continued)
Ziggo Secured Finance Partnership, Term					JC Penney Corp Inc, Term Loan B
Loan E					5.57%, 06/09/2023(p)	$	7,187	$	6,548
3.75%, 04/15/2025(p)	$	700	$	696	US LIBOR + 4.25%
US LIBOR + 2.50%					PF Chang's China Bistro Inc, Term Loan
		$		4,326	6.51%, 08/18/2022(p)		967		899
Metal Fabrication & Hardware - 0.08%					US LIBOR + 5.00%
Eco-Bat Technologies Ltd, PIK Term Loan					Serta Simmons Bedding LLC, Term Loan
12.00%, PIK 11.00%, 03/29/2018(k),(p)	EUR	5,644		2,295	4.85%, 10/20/2023(p)		858		828
					US LIBOR + 3.50%
Mining - 0.01%							$		10,085
Fairmount Santrol Inc, Term Loan B					Semiconductors - 0.01%
7.38%, 10/27/2022(p)	$	242		243	Cavium Inc, Term Loan B1
US LIBOR + 6.00%					3.60%, 08/16/2022(p)		153		153
					US LIBOR + 2.25%
Oil & Gas - 0.13%
BCP Raptor LLC, Term Loan					Software - 0.53%
5.70%, 06/22/2024(p)		389		392	Almonde Inc, Term Loan
US LIBOR + 4.25%					8.57%, 04/28/2025(p)		1,000		1,000
California Resources Corp, Term Loan					US LIBOR + 7.25%
0.00%, 11/14/2022(p),(q)		691		679	Almonde Inc, Term Loan B
0.00%, 11/14/2022(p),(q)		184		181	4.83%, 06/13/2024(p)		439		438
Seadrill Operating LP, Term Loan B					US LIBOR + 3.50%
4.33%, 02/12/2021(p)		3,272		2,517	Cvent Inc, Term Loan B
US LIBOR + 3.00%					0.00%, 06/16/2023(p),(q)		1,797		1,797
		$		3,769	US LIBOR + 4.00%
Packaging & Containers - 0.05%					Digicert Holdings Inc, Term Loan
BWAY Corp, Term Loan B					9.38%, 09/19/2025(p)		619		622
4.60%, 04/03/2024(p)		713		716	US LIBOR + 8.00%
US LIBOR + 3.25%					Donnelley Financial Solutions Inc, Term Loan
Kloeckner Pentaplast of America Inc, Term					B
Loan B					4.25%, 09/29/2023(p)		151		152
5.58%, 06/29/2022(p)		700		705	US LIBOR + 3.00%
US LIBOR + 4.25%					DTI Holdco Inc, Term Loan B
Plastipak Holdings Inc, Term Loan B					6.63%, 09/30/2023(p)		1,491		1,484
4.02%, 10/10/2024(p)		115		116	US LIBOR + 5.25%
US LIBOR + 2.75%					Evergreen Skills Lux Sarl, Term Loan
		$		1,537	4.09%, 04/08/2021(p)		52		52
Pharmaceuticals - 0.12%					US LIBOR + 4.75%
Alphabet Holding Co Inc, Term Loan					9.49%, 04/28/2022(p)		2,000		1,752
4.83%, 09/15/2024(p)		1,995		1,905	US LIBOR + 8.25%
US LIBOR + 3.50%					First Data Corp, Term Loan
9.08%, 09/15/2025(p)		1,252		1,127	3.56%, 07/08/2022(p)		107		107
US LIBOR + 7.75%					US LIBOR + 2.25%
Change Healthcare Holdings LLC, Term Loan					IMS Health Inc, Term Loan B2
B					3.32%, 01/14/2025(p)		265		266
4.10%, 03/01/2024(p)		474		475	US LIBOR + 2.00%
US LIBOR + 2.75%					MA FinanceCo LLC, Term Loan B
					4.06%, 04/19/2024(p)		23		23
		$		3,507
Pipelines - 0.14%					US LIBOR + 2.75%
Southcross Energy Partners LP, Term Loan B					Mitchell International Inc, Term Loan
5.58%, 08/04/2021(p)		3,763		3,697	0.00%, 11/20/2024(p),(q)		1,563		1,563
US LIBOR + 4.25%					0.00%, 11/20/2025(p),(q)		615		619
5.58%, 08/04/2021(p)		286		281	Navicure Inc, Term Loan
					4.99%, 10/23/2024(p)		1,881		1,883
US LIBOR + 4.25%
					US LIBOR + 3.75%
					8.74%, 11/01/2025(p)		736		740
Real Estate - 0.06%
Lightstone Holdco LLC, Term Loan					US LIBOR + 7.50%
5.74%, 01/30/2024(p)		1,511		1,515	Rackspace Hosting Inc, Term Loan
5.74%, 01/30/2024(p)		94		95	4.38%, 11/03/2023(p)		204		204
		$		1,610	Seattle SpinCo Inc, Term Loan
					4.06%, 04/19/2024(p)		157		158
Retail - 0.36%
					Veritas US Inc, Term Loan B1
1011778 BC ULC, Term Loan B					5.83%, 01/27/2023 (p)		1,190		1,190
3.59%, 02/16/2024(p)		826		825
US LIBOR + 2.25%					US LIBOR + 4.50%
					Vero Parent Inc, Term Loan B
Bass Pro Group LLC, Term Loan B					6.36%, 08/09/2024(p)		961		935
6.24%, 09/25/2024(p)		725		708
US LIBOR + 5.00%					US LIBOR + 5.00%
Harbor Freight Tools USA Inc, Term Loan							$		14,985
4.49%, 08/16/2023(p)		275		277
US LIBOR + 3.25%

See accompanying notes.

75

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
SENIOR FLOATING RATE INTERESTS		Principal			U.S. GOVERNMENT & GOVERNMENT		Principal
(continued)	Amount (000's)		Value (000's)		AGENCY OBLIGATIONS (continued)		Amount (000's)			Value (000's)
Telecommunications - 0.47%					U.S. Treasury Bill (continued)
Consolidated Communications Inc, Term Loan					1.13%, 01/11/2018(s),(t)		$	850	$	849
B									$	38,826
4.25%, 10/05/2023(p)	$	240	$	235	U.S. Treasury Strip - 0.27%
US LIBOR + 3.00%					0.00%, 11/15/2046(b),(o),(u)			14,175		6,134
Cyxtera DC Holdings Inc, Term Loan B					0.00%, 05/15/2047(b),(o),(u)			3,298		1,410
4.38%, 03/15/2024(p)		998		1,002					$	7,544
US LIBOR + 3.00%					TOTAL U.S. GOVERNMENT & GOVERNMENT AGENCY
Global Tel*Link Corp, Term Loan					OBLIGATIONS				$	229,822
5.33%, 05/23/2020(p)		1,523		1,525
							Maturity
US LIBOR + 4.00%					REPURCHASE AGREEMENTS - 9.38%		Amount (000's)			Value (000's)
9.08%, 11/23/2020(p)		2,500		2,490
					Banks - 9.38%
US LIBOR + 7.75%					Barclays Bank PLC Repurchase Agreement		$	4,512	$	4,511
GTT Communications Inc, Term Loan B					0.50% dated 11/17/2017 (collateralized by
4.50%, 01/09/2024(p)		129		130
					Digicel Group Ltd; $4,575,725; 7.13%;
US LIBOR + 3.25%					dated 04/01/22)(v)
Intelsat Jackson Holdings SA, Term Loan B3					Barclays Bank PLC Repurchase Agreement			5,743		5,743
0.00%, 11/30/2023(p),(q)		3,453		3,398
					0.00% dated 10/02/2017 (collateralized by
US LIBOR + 3.75%					Pakistan Government International Bond;
Securus Technologies Holdings Inc, Term					$5,526,068; 8.25%; dated 04/15/24)(b),(v)
Loan					Barclays Bank PLC Repurchase Agreement on			3,767		3,767
5.74%, 06/20/2024(p)		1,494		1,507
9.49%, 06/20/2025(p)		1,866		1,879	securities sold short; 0.00% dated
					10/02/2017 (collateralized by Venezuela
Sprint Communications Inc, Term Loan B					Government International Bond;
3.87%, 01/31/2024(p)		672		671
					$2,249,667; 9.25%; dated 05/07/28)(b),(v)
US LIBOR + 2.50%					Barclays Bank PLC Repurchase Agreement on			5,611		5,616
West Corp, Term Loan					securities sold short; (0.50)% dated
5.33%, 10/10/2024(p)		294		294
					10/02/2017 (collateralized by Pakistan
US LIBOR + 4.00%					Government International Bond;
			$	13,131	$5,604,241; 8.25%; dated 09/30/25)(v)
Transportation - 0.08%					Merrill Lynch Repurchase Agreement on			650		650
CB URS Holdings Corp, Term Loan					securities sold short; 0.00% dated
6.49%, 10/18/2024(p)		210		211
					07/05/2017 (collateralized by Colombia
US LIBOR + 5.25%					Government International Bond; $648,456;
Gruden Acquisition Inc, Term Loan					4.50%; dated 01/28/26)(b),(v)
6.83%, 08/18/2022(p)		824		821
					Merrill Lynch Repurchase Agreement on			314		314
US LIBOR + 5.50%					securities sold short; 0.25% dated
Navios Maritime Partners LP, Term Loan					11/30/2017 maturing 12/01/2017
6.32%, 09/14/2020(p)		1,254		1,248
					(collateralized by United States Treasury
			$	2,280	Note/Bond; $311,661; 2.25%; dated
Trucking & Leasing - 0.02%					11/15/27	)
Avolon TLB Borrower 1 US LLC, Term Loan					Merrill Lynch Repurchase Agreement on			817		816
B2					securities sold short; 0.25% dated
3.53%, 04/03/2022(p)		429		429	10/05/2017 (collateralized by Colombia
US LIBOR + 2.25%					Government International Bond; $799,424;
					3.88%; dated 04/25/27) (v)
TOTAL SENIOR FLOATING RATE INTERESTS			$	157,446	Merrill Lynch Repurchase Agreement on			5,288		5,286
U.S. GOVERNMENT & GOVERNMENT		Principal			securities sold short; 0.25% dated
AGENCY OBLIGATIONS - 8.17%	Amount (000's)		Value (000's)		10/24/2017 (collateralized by Turkey
Federal National Mortgage Association (FNMA) - 0.93%					Government International Bond;
4.00%, 12/01/2042(r)	$	25,034	$	26,155	$5,231,050; 7.38%; dated 02/05/25) (v)
					Merrill Lynch Repurchase Agreement on			1,406		1,405
U.S. Treasury - 5.59%					securities sold short; 0.25% dated
0.75%, 04/30/2018(s)		1,000		997	10/24/2017 (collateralized by Turkey
1.38%, 10/31/2020(o)		4,905		4,831	Government International Bond;
1.50%, 02/28/2019(o)		12,180		12,144	$1,390,606; 7.38%; dated 02/05/25) (v)
1.63%, 11/30/2019(o)		24,682		24,662	Merrill Lynch Repurchase Agreement on			11		11
1.63%, 12/31/2019		23,544		23,451	securities sold short; (0.30)% dated
1.63%, 10/15/2020(o)		2,668		2,647	11/30/2017 maturing 12/01/2017
2.00%, 11/30/2022		1,679		1,668	(collateralized by United States Treasury
2.00%, 08/15/2025(o)		14,715		14,344	Note/Bond; $11,203; 2.00%; dated
2.13%, 03/31/2024(o)		14,325		14,193	10/31/22	)
2.13%, 11/30/2024(o)		8,275		8,172	Merrill Lynch Repurchase Agreement;			24,103		24,104
2.25%, 12/31/2023(o)		14,715		14,710	(0.30)% dated 11/30/2017 maturing
2.38%, 08/15/2024(o)		6,692		6,720	12/01/2017 (collateralized by United States
2.63%, 11/15/2020(o)		4,905		5,005	Treasury Note/Bond; $24,609,742; 2.00%;
3.00%, 02/15/2047		773		798	dated 10/31/22)
3.75%, 11/15/2043(o)		19,556		22,955	Merrill Lynch Repurchase Agreement on			737		737
			$	157,297	securities sold short; 0.50% dated
U.S. Treasury Bill - 1.38%					10/27/2017 (collateralized by Colombia
1.03%, 12/21/2017(a),(o),(t)		38,000		37,977	Government International Bond; $748,506;
					3.88%; dated 04/25/27) (v)

See accompanying notes.

76

Consolidated Schedule of Investments Global Multi-Strategy Fund November 30, 2017 (unaudited)

REPURCHASE AGREEMENTS

Maturity

REPURCHASE AGREEMENTS

Maturity

(continued)

Amount (000's)     Value (000's)

(continued)

Amount (000's) Value (000's)

Banks (continued)

Banks (continued)

Merrill Lynch Repurchase Agreement on

$

979

$

979

Merrill Lynch Repurchase Agreement on

$

11,637

$

11,636

securities sold short; 0.50% dated

securities sold short; 1.07% dated

10/30/2017 (collateralized by Colombia

11/30/2017 maturing 12/01/2017

Government International Bond; $999,026;

(collateralized by United States Treasury

3.88%; dated 04/25/27) (v)

Note/Bond; $11,634,647; 1.63%; dated

Merrill Lynch Repurchase Agreement on

601

601

03/31/19

)

securities sold short; 0.50% dated

Merrill Lynch Repurchase Agreement on

12,755

12,755

11/07/2017 (collateralized by Colombia

securities sold short; 1.07% dated

Government International Bond; $606,952;

11/30/2017 maturing 12/01/2017

3.88%; dated 04/25/27) (v)

(collateralized by United States Treasury

Merrill Lynch Repurchase Agreement on

626

626

Note/Bond; $12,688,823; 1.50%; dated

securities sold short; 0.75% dated

08/15/26

)

11/07/2017 (collateralized by Colombia

Merrill Lynch Repurchase Agreement on

8,332

8,331

Government International Bond; $636,561;

securities sold short; 1.07% dated

5.00%; dated 06/15/45) (v)

11/30/2017 maturing 12/01/2017

Merrill Lynch Repurchase Agreement; 0.90%

58,841

58,839

(collateralized by United States Treasury

dated 11/30/2017 maturing 12/01/2017

Note/Bond; $8,304,204; 2.25%; dated

(collateralized by United States Treasury

10/31/24

)

Note/Bond; $59,184,876; 1.50%; dated

Merrill Lynch Repurchase Agreement on

11,792

11,792

10/31/19

)

securities sold short; 1.07% dated

Merrill Lynch Repurchase Agreement on

11,885

11,884

11/30/2017 maturing 12/01/2017

securities sold short; 0.90% dated

(collateralized by United States Treasury

11/30/2017 maturing 12/01/2017

Note/Bond; $11,778,829; 3.63%; dated

(collateralized by United States Treasury

02/15/21

)

Note/Bond; $11,954,020; 1.50%; dated

Merrill Lynch Repurchase Agreement on

572

572

10/31/19

)

securities sold short; 1.07% dated

Merrill Lynch Repurchase Agreement on

19,547

19,546

11/30/2017 maturing 12/01/2017

securities sold short; 0.98% dated

(collateralized by United States Treasury

11/30/2017 maturing 12/01/2017

Note/Bond; $569,396; 2.13%; dated

(collateralized by United States Treasury

09/30/24

)

Note/Bond; $19,441,267; 1.13%; dated

Merrill Lynch Repurchase Agreement on

11,634

11,634

05/31/19

)

securities sold short; 1.07% dated

Merrill Lynch Repurchase Agreement on

3,353

3,353

11/30/2017 maturing 12/01/2017

securities sold short; 1.02% dated

(collateralized by United States Treasury

11/30/2017 maturing 12/01/2017

Inflation Indexed Bonds; $11,608,625;

(collateralized by United States Treasury

0.13%; dated 07/15/22)

Inflation Indexed Bonds; $3,343,270;

$

263,885

0.13%; dated 04/15/22)

TOTAL REPURCHASE AGREEMENTS

$

263,885

Merrill Lynch Repurchase Agreement on

24,219

24,218

TOTAL PURCHASED OPTIONS - 0.22%

$

6,075

securities sold short; 1.02% dated

TOTAL PURCHASED INTEREST RATE SWAPTIONS -

11/30/2017 maturing 12/01/2017

0.00

%

$

151

(collateralized by United States Treasury

Total Investments

$

3,178,876

Note/Bond; $24,219,975; 1.00%; dated

Other Assets and Liabilities - (12.98)%

$

(365,121

)

09/30/19

)

TOTAL NET ASSETS - 100.00%

$

2,813,755

Merrill Lynch Repurchase Agreement on

331

331

securities sold short; 1.04% dated

11/30/2017 maturing 12/01/2017

(a)

Security or a portion of the security was pledged as collateral for short

(collateralized by United States Treasury

sales. At the end of the period, the value of these securities totaled

Note/Bond; $328,966; 2.25%; dated

$132,507 or 4.71% of net assets.

08/15/27

)

(b)

Non-income producing security

Merrill Lynch Repurchase Agreement on

14,292

14,292

(c)

Security exempt from registration under Rule 144A of the Securities Act of

securities sold short; 1.07% dated

1933. These securities may be resold in transactions exempt from

11/30/2017 maturing 12/01/2017

registration, normally to qualified institutional buyers. At the end of the

(collateralized by United States Treasury

period, the value of these securities totaled $369,547 or 13.13% of net

Note/Bond; $14,241,720; 1.63%; dated

assets.

10/31/23

)

(d)

Security or a portion of the security was pledged to cover margin

Merrill Lynch Repurchase Agreement on

14,338

14,338

requirements for options contracts. At the end of the period, the value of

securities sold short; 1.07% dated

these securities totaled $4,828 or 0.17% of net assets.

11/30/2017 maturing 12/01/2017

(e)

The value of these investments was determined using significant

(collateralized by United States Treasury

unobservable inputs.

Inflation Indexed Bonds; $14,312,675;

(f)

Restricted Security. Please see Restricted Security Sub-Schedule for more

0.63%; dated 07/15/21)

information.

Merrill Lynch Repurchase Agreement on

5,198

5,198

(g)

Fair value of these investments is determined in good faith by the Manager

securities sold short; 1.07% dated

under procedures established and periodically reviewed by the Board of

11/30/2017 maturing 12/01/2017

Directors. Certain inputs used in the valuation may be unobservable;

(collateralized by United States Treasury

however, each security is evaluated individually for purposes of ASC 820

Inflation Indexed Bonds; $5,189,402;

which results in not all securities being identified as Level 3 of the fair

0.13%; dated 01/15/22)

value hierarchy. At the end of the period, the fair value of these securities

totaled $15,509 or 0.55% of net assets.

(h)

All or a portion of this security is owned by the GMS Cayman

Corporation, which is a 100% owned subsidiary of the fund.

See accompanying notes.

77

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)

(i)	Security or a portion of the security was pledged to cover margin requirements for swap and/or swaption contracts. At the end of the period, the value of these securities totaled $21,101 or 0.75% of net assets.
(j)	Perpetual security. Perpetual securities pay an indefinite stream of interest, but they may be called by the issuer at an earlier date.
(k)	Payment in kind; the issuer has the option of paying additional securities in lieu of cash.
(l)	Security purchased on a when-issued basis.
(m)	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. These securities do not indicate a reference rate and spread in their description.
(n)	Security is an Interest Only Strip.
(o)	Security or portion of the security was pledged as collateral for reverse repurchase agreements. At the end of the period, the value of these securities totaled $169,245 or 6.01% of net assets.
(p)	Rate information disclosed is based on an average weighted rate as of November 30, 2017.
(q)	This Senior Floating Rate Note will settle after November 30, 2017, at which time the interest rate will be determined.
(r)	Security was purchased in a "to-be-announced" ("TBA") transaction. See Notes to Financial Statements for additional information.
(s)	Security or a portion of the security was pledged to cover margin requirements for futures contracts. At the end of the period, the value of these securities totaled $1,597 or 0.06% of net assets.
(t)	Rate shown is the discount rate of the original purchase.
(u)	Security is a Principal Only Strip.
(v)	Although the maturity date of the repurchase agreement is open-ended through the maturity date of the collateral, the Fund has a right to terminate the repurchase agreement and demand repayment from the counterparty at any time with two days' notice or less. During periods of high demand for the collateral security, the fund may also pay the counterparty a fee.

Portfolio Summary (unaudited)
Sector	Percent
Financial	19.42	%
Government	18.97	%
Investment Companies	17.55	%
Consumer, Non-cyclical	10.80	%
Consumer, Cyclical	7.54	%
Communications	7.25	%
Industrial	7.11	%
Technology	6.06	%
Energy	5.97	%
Basic Materials	3.75	%
Mortgage Securities	3.54	%
Asset Backed Securities	3.01	%
Utilities	1.71	%
Purchased Options	0.22	%
Diversified	0.08	%
Purchased Interest Rate Swaptions	0.00	%
Investments Sold Short	(19.63	)%
Other Assets and Liabilities	6.65	%
TOTAL NET ASSETS	100.00	%
Restricted Securities
Security Name	Acquisition Date			Cost		Value	Percent of Net Assets
AerGen Aviation Finance Ltd	03/01/2017		$	1,215	$	1,233	0.04	%
Airbnb, Inc	06/24/2015			157		177	0.01	%
Birst Inc	06/15/2017			23		4	0.00	%
DraftKings Inc	12/04/2014			89		84	0.00	%
Dropbox Inc	01/28/2014			51		37	0.00	%
Element Comm Aviation	06/15/2015			2,800		2,773	0.10	%
Forescout Tech Inc	11/24/2015			109		130	0.00	%
Forward Venture Services LLC	11/20/2014			170		272	0.01	%
General Assembly Space, Inc	07/31/2015			107		107	0.00	%
Goodman Networks Inc	06/01/2017			—		—	0.00	%
Goodman Networks Inc	06/01/2017			—		595	0.02	%
Jand Inc	04/23/2015			43		37	0.00	%
Jand Inc	04/23/2015			19		14	0.00	%
Klarna Holding AB	08/07/2015			89		93	0.00	%
Lithium Technology Corp	04/16/2015			21		20	0.00	%
Marklogic Corp	04/27/2015			172		146	0.01	%

See accompanying notes.

78

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
Restricted Securities (continued)
Security Name				Acquisition Date						Cost		Value			Percent of Net Assets
Panera Bread Co			01/26/2012 – 07/19/2017					$		521	$		524		0.02	%
Pinterest Inc				03/16/2015						627			628		0.02	%
Redfin Corp				12/15/2014						97			223		0.01	%
Uber Technologies Inc				06/05/2014						236			630		0.02	%
Veracode Inc				04/18/2017						24			24		0.00	%
WeWork Cos Inc				12/08/2014						6			18		0.00	%
WeWork Cos Inc Series D-1				12/08/2014						81			252		0.01	%
WeWork Cos Inc Series D-2				12/08/2014						64			198		0.01	%
Zuora Inc				01/15/2015						156			215		0.01	%
Total										$			8,434		0.29	%
Amounts in thousands
Options
Purchased Options		Contracts/	Notional					Expiration		Upfront					Unrealized
Outstanding	Counterparty	Shares	Amount		Exercise Price			Date	Payments/(Receipts)				Fair Value		Appreciation/(Depreciation)
Call - 90 Day Eurodollar	N/A	1,284	$	3,210	$		98.63	12/19/2017	$	64		$	8	$	(56	)
Future; December 2017
Call - 90 Day Eurodollar	N/A	1,276	$	3,190	$		98.50	01/15/2018		39			8		(31	)
Future; March 2018
Call - 90 Day Eurodollar	N/A	1,853	$	4,633	$		98.63	03/20/2018		204			12		(192	)
Future; March 2018
Call - 90 Day Eurodollar	N/A	264	$	660	$		98.25	09/18/2018		33			28		(5	)
Future; September 2018
Call - CenturyLink Inc	N/A	345	$	35	$		15.00	01/22/2018		39			27		(12	)
Call - Comcast Corp	N/A	368	$	37	$		36.25	01/22/2018		86			79		(7	)
Call - EUR versus HUF	Barclays Bank	1	EUR	4,185		EUR	310.00	02/27/2018		49			71		22
	PLC
Call - EUR versus HUF	Barclays Bank	1	EUR	8,760		EUR	310.00	02/27/2018		105			150		45
	PLC
Call - EUR versus HUF	Barclays Bank	1	EUR	3,039		EUR	309.00	01/23/2018		34			53		19
	PLC
Call - EUR versus HUF	Barclays Bank	1	EUR	3,504		EUR	305.50	02/08/2018		53			106		53
	PLC
Call - EUR versus HUF	Barclays Bank	1	EUR	8,760		EUR	310.00	02/27/2018		99			150		51
	PLC
Call - EUR versus HUF	Barclays Bank	1	EUR	8,370		EUR	315.00	03/23/2018		112			81		(31	)
	PLC
Call - EUR versus HUF	Barclays Bank	1	EUR	4,185		EUR	315.00	03/29/2018		58			43		(15	)
	PLC
Call - EUR versus HUF	Barclays Bank	1	EUR	4,185		EUR	315.00	03/23/2018		56			40		(16	)
	PLC
Call - EUR versus PHP	Barclays Bank	1	EUR	5,515		EUR	64.00	02/16/2018		83			13		(70	)
	PLC
Call - EUR versus PHP	Barclays Bank	1	EUR	2,133		EUR	64.00	02/16/2018		20			4		(16	)
	PLC
Call - Eurodollar, Mid-	N/A	1,210	$	3,025	$		98.50	12/18/2017		174			8		(166	)
Curve 1 Yr Future;
December 2018
Call - Eurodollar, Mid-	N/A	330	$	825	$		98.38	12/18/2017		92			2		(90	)
Curve 1 Yr Future;
December 2018
Call - Eurodollar, Mid-	N/A	1,856	$	4,640	$		98.25	12/18/2017		627			12		(615	)
Curve 1 Yr Future;
December 2018
Call - Eurodollar, Mid-	N/A	416	$	1,040	$		98.00	06/18/2018		163			76		(87	)
Curve 1 Yr Future; June
2019
Call - Eurodollar, Mid-	N/A	377	$	943	$		98.25	06/18/2018		70			23		(47	)
Curve 1 Yr Future; June
2019
Call - Eurodollar, Mid-	N/A	244	$	610	$		98.13	03/19/2018		22			14		(8	)
Curve 1 Yr Future; March
2019
Call - Eurodollar, Mid-	N/A	722	$	1,805	$		98.25	03/19/2018		53			23		(30	)
Curve 1 Yr Future; March
2019
Call - Eurodollar, Mid-	N/A	1,062	$	2,655	$		98.38	03/19/2018		318			20		(298	)
Curve 1 Yr Future; March
2019
Call - Eurodollar, Mid-	N/A	293	$	733	$		98.13	01/15/2018		8			4		(4	)
Curve 1 Yr Future; March
2019

See accompanying notes.

79

				Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
Options (continued)
Purchased Options		Contracts/       Notional						Expiration		Upfront				Unrealized
Outstanding	Counterparty	Shares	Amount		Exercise Price			Date		Payments/(Receipts)		Fair Value		Appreciation/(Depreciation)
Call - Eurodollar, Mid-	N/A	278	$	695	$		98.50	03/19/2018	$	32	$	4	$	(28	)
Curve 1 Yr Future; March
2019
Call - Eurodollar, Mid-	N/A	436	$	1,090	$		98.25	01/15/2018		22		2		(20	)
Curve 1 Yr Future; March
2019
Call - GBP versus USD	Barclays Bank	1	GBP	1,706		GBP	1.32	12/18/2017		31		59		28
	PLC
Call - iShares Russell 2000	N/A	750	$	75	$		155.00	01/02/2018		126		144		18
ETF
Call - NZD versus USD	Barclays Bank	1	NZD	4,185		NZD	0.74	03/16/2018		59		3		(56	)
	PLC
Call - NZD versus USD	Barclays Bank	1	NZD	4,185		NZD	0.74	12/21/2017		43		—		(43	)
	PLC
Call - NZD versus USD	Barclays Bank	1	NZD	4,185		NZD	0.75	03/21/2018		59		3		(56	)
	PLC
Call - NZD versus USD	Barclays Bank	1	NZD	4,185		NZD	0.74	03/14/2018		54		3		(51	)
	PLC
Call - NZD versus USD	Barclays Bank	1	NZD	4,265		NZD	0.71	04/23/2018		56		21		(35	)
	PLC
Call - NZD versus USD	Barclays Bank	1	NZD	4,265		NZD	0.72	04/11/2018		51		12		(39	)
	PLC
Call - NZD versus USD	Barclays Bank	1	NZD	554		NZD	0.73	04/05/2018		7		1		(6	)
	PLC
Call - NZD versus USD	Barclays Bank	1	NZD	11,089		NZD	0.70	04/24/2018		148		87		(61	)
	PLC
Call - NZD versus USD	Barclays Bank	1	NZD	4,265		NZD	0.71	04/23/2018		58		21		(37	)
	PLC
Call - QUALCOMM Inc	N/A	29	$	3	$		62.50	12/18/2017		7		12		5
Call - US 10 Year Note 1st	N/A	25	$	25	$		125.25	12/04/2017		4		—		(4	)
W Future; March 2018
Call - US 10 Year Note	N/A	25	$	25	$		125.00	12/11/2017		7		1		(6	)
2nd W Future; March 2018
Call - USD versus CAD	Barclays Bank	1	$	4,185	$		1.23	03/15/2018		89		211		122
	PLC
Call - USD versus CNH	Barclays Bank	1	$	4,082	$		6.72	01/11/2018		19		6		(13	)
	PLC
Call - USD versus CNH	Barclays Bank	1	$	4,082	$		6.72	01/11/2018		20		6		(14	)
	PLC
Call - USD versus MXN	Barclays Bank	1	$	3,392	$		20.00	04/16/2018		99		47		(52	)
	PLC
Call - USD versus PHP	Barclays Bank	1	$	5,971	$		53.50	04/26/2018		76		18		(58	)
	PLC
Call - USD versus PHP	Barclays Bank	1	$	3,392	$		52.00	01/04/2018		21		2		(19	)
	PLC
Call - USD versus PHP	Barclays Bank	1	$	4,240	$		52.00	01/04/2018		26		3		(23	)
	PLC
Call - USD versus PHP	Merrill Lynch	1	$	8,550	$		51.06	05/21/2018		215		123		(92	)
Call - USD versus PHP	Barclays Bank	1	$	3,392	$		52.00	01/04/2018		18		2		(16	)
	PLC
Put - 90 Day Eurodollar	N/A	48	$	120	$		98.50	12/19/2017		4		6		2
Future; December 2017
Put - AUD versus USD	Barclays Bank	1	AUD	7,176		AUD	0.75	12/21/2017		85		20		(65	)
	PLC
Put - CBOE SPX	N/A	315	$	32	$		12.00	12/21/2017		28		39		11
Volatility Index
Put - EUR versus NOK	Barclays Bank	1	EUR	2,093		EUR	9.48	12/01/2017		12		—		(12	)
	PLC
Put - EUR versus SEK	Barclays Bank	1	EUR	4,240		EUR	9.83	12/26/2017		26		7		(19	)
	PLC
Put - EUR versus SEK	Barclays Bank	1	EUR	4,240		EUR	10.00	01/19/2018		41		39		(2	)
	PLC
Put - EUR versus SEK	Barclays Bank	1	EUR	11,160		EUR	9.60	12/21/2017		112		1		(111	)
	PLC
Put - EUR versus SEK	Barclays Bank	1	EUR	4,240		EUR	9.75	05/15/2018		53		40		(13	)
	PLC
Put - EUR versus SEK	Barclays Bank	1	EUR	4,185		EUR	9.80	03/29/2018		53		36		(17	)
	PLC
Put - EUR versus SEK	Barclays Bank	1	EUR	2,930		EUR	9.75	03/27/2018		29		19		(10	)
	PLC
Put - EUR versus SEK	Barclays Bank	1	EUR	2,533		EUR	9.38	01/31/2018		29		1		(28	)
	PLC

See accompanying notes.

80

				Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
Options (continued)
Purchased Options		Contracts/		Notional				Expiration		Upfront				Unrealized
Outstanding	Counterparty	Shares	Amount		Exercise Price			Date		Payments/(Receipts)		Fair Value		Appreciation/(Depreciation)
Put - EUR versus SEK	Barclays Bank	1	EUR	2,533		EUR	9.40	01/19/2018	$	30	$	1	$	(29	)
	PLC
Put - EUR versus SEK	Barclays Bank	1	EUR	2,190		EUR	9.30	02/19/2018		24		—		(24	)
	PLC
Put - EUR versus SEK	Barclays Bank	1	EUR	2,533		EUR	9.40	01/19/2018		30		1		(29	)
	PLC
Put - Eurodollar, Mid-	N/A	25	$	63	$		97.88	06/18/2018		9		11		2
Curve 1 Yr Future; June
2019
Put - Eurodollar, Mid-	N/A	120	$	300	$		97.50	06/18/2018		32		29		(3	)
Curve 2 Yr Future; June
2020
Put - Financial Select	N/A	517	$	52	$		27.00	01/22/2018		29		25		(4	)
Sector SPDR Fund
Put - Fossil Group Inc	N/A	1,173	$	117	$		5.00	03/19/2018		53		39		(14	)
Put - iShares MSCI	N/A	536	$	54	$		47.00	01/22/2018		69		104		35
Emerging Markets ETF
Put - iShares Russell 2000	N/A	221	$	22	$		151.00	01/22/2018		78		56		(22	)
ETF
Put - iShares Russell 2000	N/A	2,730	$	273	$		138.00	03/30/2018		848		510		(338	)
ETF
Put - Mattel Inc	N/A	1,000	$	100	$		16.00	12/18/2017		60		9		(51	)
Put - PowerShares QQQ	N/A	72	$	7	$		153.00	12/18/2017		12		7		(5	)
Trust Series 1
Put - S&P 500 Index	N/A	182	$	18	$		2,325.00	09/24/2018		1,515		902		(613	)
Put - S&P 500 Index	N/A	221	$	22	$		2,175.00	03/19/2018		1,895		127		(1,768	)
Put - S&P 500 Index	N/A	200	$	20	$		2,150.00	06/18/2018		1,421		325		(1,096	)
Put - S&P 500 Index	N/A	158	$	16	$		2,400.00	12/24/2018		1,365		1,243		(122	)
Put - S&P 500 Index	N/A	195	$	20	$		2,575.00	01/02/2018		307		189		(118	)
Put - S&P 500 Index	N/A	210	$	21	$		2,275.00	12/18/2017		575		7		(568	)
Put - SPDR S&P Retail	N/A	680	$	68	$		42.00	01/22/2018		106		52		(54	)
ETF
Put - Teva Pharmaceutical	N/A	1,765	$	177	$		12.50	01/22/2018		225		62		(163	)
Industries Ltd
Put - US 10 Year Note 1st	N/A	79	$	79	$		124.75	12/04/2017		10		55		45
W Future; March 2018
Put - US 10 Year Note 1st	N/A	20	$	20	$		125.00	12/04/2017		3		19		16
W Future; March 2018
Put - US 5 Year Note 1st	N/A	95	$	95	$		116.75	12/04/2017		11		38		27
W Future; March 2018
Put - US 5 Year Note	N/A	251	$	251	$		116.00	12/26/2017		14		29		15
Future; March 2018
Put - USD versus MXN	Barclays Bank	1	$	1,013	$		18.75	01/25/2018		7		15		8
	PLC
Put - USD versus MXN	Barclays Bank	1	$	2,026	$		19.00	12/11/2017		9		38		29
	PLC
Put - USD versus MXN	Barclays Bank	1	$	2,133	$		18.75	01/25/2018		18		32		14
	PLC
Put - USD versus TRY	Barclays Bank	1	$	1,010	$		3.84	12/11/2017		9		1		(8	)
	PLC
Put - USD versus TRY	Barclays Bank	1	$	202	$		3.84	12/11/2017		2		—		(2	)
	PLC
Put - USD versus TRY	Barclays Bank	1	$	2,250	$		3.84	02/09/2018		30		15		(15	)
	PLC
Put - USD versus ZAR	Barclays Bank	1	$	1,652	$		14.22	02/21/2018		58		80		22
	PLC
Total									$	13,334	$	6,075	$	(7,259	)
Written Options		Contracts/	Notional					Expiration		Upfront				Unrealized
Outstanding	Counterparty	Shares	Amount		Exercise Price			Date		Payments/(Receipts)		Fair Value		Appreciation/(Depreciation)
Call - Apple Inc	N/A	18	$	2	$		180.00	01/22/2018	$	(7	) $	(4	) $	3
Call - CAD versus JPY	Barclays Bank	1	CAD	4,185		CAD	91.00	03/12/2018		(63	)	(11	)	52
	PLC
Call - CenturyLink Inc	N/A	345	$	35	$		17.00	01/22/2018		(17	)	(9	)	8
Call - Comcast Corp	N/A	368	$	37	$		41.25	01/22/2018		(15	)	(11	)	4
Call - EUR versus JPY	Barclays Bank	1	EUR	2,559		EUR	135.00	04/12/2018		(57	)	(49	)	8
	PLC
Call - EUR versus JPY	Barclays Bank	1	EUR	2,133		EUR	137.50	04/26/2018		(38	)	(27	)	11
	PLC
Call - EUR versus JPY	Barclays Bank	1	EUR	2,511		EUR	135.00	03/19/2018		(58	)	(40	)	18
	PLC

See accompanying notes.

81

				Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
Options (continued)
Written Options		Contracts/         Notional						Expiration		Upfront				Unrealized
Outstanding	Counterparty	Shares	Amount		Exercise Price			Date		Payments/(Receipts)		Fair Value		Appreciation/(Depreciation)
Call - EUR versus JPY	Barclays Bank	1	EUR	3,557		EUR	135.00	03/23/2018	$	(100	) $	(60	) $	40
	PLC
Call - EUR versus JPY	Barclays Bank	1	EUR	2,968		EUR	135.00	05/15/2018		(64	)	(69	)	(5	)
	PLC
Call - EUR versus NOK	Barclays Bank	1	EUR	2,093		EUR	9.48	12/01/2017		(18	)	(109	)	(91	)
	PLC
Call - EUR versus SEK	Barclays Bank	1	EUR	2,190		EUR	9.60	02/19/2018		(31	)	(98	)	(67	)
	PLC
Call - EUR versus SEK	Barclays Bank	1	EUR	2,093		EUR	9.65	02/09/2018		(25	)	(82	)	(57	)
	PLC
Call - EUR versus SEK	Barclays Bank	1	EUR	2,930		EUR	9.75	03/27/2018		(36	)	(94	)	(58	)
	PLC
Call - EUR versus SEK	Barclays Bank	1	EUR	4,265		EUR	9.60	12/21/2017		(37	)	(187	)	(150	)
	PLC
Call - EUR versus SEK	Barclays Bank	1	EUR	4,185		EUR	9.80	03/29/2018		(48	)	(118	)	(70	)
	PLC
Call - EUR versus SEK	Barclays Bank	1	EUR	2,533		EUR	9.70	01/31/2018		(31	)	(85	)	(54	)
	PLC
Call - EUR versus SEK	Barclays Bank	1	EUR	2,628		EUR	9.70	02/08/2018		(41	)	(89	)	(48	)
	PLC
Call - EUR versus USD	Barclays Bank	1	EUR	10,830		EUR	1.20	03/28/2018		(101	)	(196	)	(95	)
	PLC
Call - EUR versus USD	Barclays Bank	1	EUR	5,280		EUR	1.19	04/25/2018		(54	)	(157	)	(103	)
	PLC
Call - EUR versus USD	Barclays Bank	1	EUR	4,185		EUR	1.21	12/21/2017		(35	)	(11	)	24
	PLC
Call - Eurodollar, Mid-	N/A	536	$	1,340	$		97.75	06/18/2018		(297	)	(154	)	143
Curve 3 Yr Future; June
2021
Call - GBP versus USD	Barclays Bank	1	GBP	2,093		GBP	1.40	12/18/2017		(21	)	(1	)	20
	PLC
Call - Microsoft Corp	N/A	26	$	3	$		87.50	12/18/2017		(1	)	—		1
Call - NXP	N/A	10	$	1	$		120.00	01/22/2018		(1	)	(2	)	(1	)
Semiconductors NV
Call - NZD versus USD	Barclays Bank	1	NZD       11,089 NZD				0.74	07/25/2018		(68	)	(41	)	27
	PLC
Call - QUALCOMM Inc	N/A	29	$	3	$		67.50	12/18/2017		(2	)	(2	)	—
Call - US 5 Year Note	N/A	126	$	126	$		117.25	12/26/2017		(10	)	(5	)	5
Future; March 2018
Call - US Long Bond	N/A	25	$	25	$		152.00	12/26/2017		(19	)	(25	)	(6	)
Future; March 2018
Call - US Long Bond	N/A	28	$	28	$		153.00	02/26/2018		(37	)	(44	)	(7	)
Future; March 2018
Call - USD versus MXN	Barclays Bank	1	$	1,082	$		19.85	01/25/2018		(16	)	(4	)	12
	PLC
Call - USD versus MXN	Barclays Bank	1	$	267	$		19.85	01/25/2018		(3	)	(1	)	2
	PLC
Call - USD versus MXN	Barclays Bank	1	$	3,392	$		21.00	04/16/2018		(53	)	(23	)	30
	PLC
Call - USD versus MXN	Barclays Bank	1	$	1,797	$		19.85	01/25/2018		(20	)	(6	)	14
	PLC
Call - USD versus TRY	Barclays Bank	1	$	966	$		4.06	02/09/2018		(20	)	(20	)	—
	PLC
Call - USD versus TRY	Barclays Bank	1	$	1,010	$		3.84	12/11/2017		(9	)	(26	)	(17	)
	PLC
Put - AUD versus USD	Barclays Bank	1	AUD	8,970		AUD	0.75	12/21/2017		(39	)	(1	)	38
	PLC
Put - CBOE SPX	N/A	315	$	32	$		10.50	12/21/2017		(8	)	(11	)	(3	)
Volatility Index
Put - EUR versus HUF	Barclays Bank	1	EUR	3,039		EUR	304.00	01/23/2018		(35	)	(1	)	34
	PLC
Put - Eurodollar, Mid-	N/A	10	$	25	$		97.88	12/18/2017		(2	)	(4	)	(2	)
Curve 2 Yr Future;
December 2019
Put - Eurodollar, Mid-	N/A	907	$	2,268	$		97.63	06/18/2018		(444	)	(465	)	(21	)
Curve 3 Yr Future; June
2021
Put - Eurodollar, Mid-	N/A	206	$	515	$		97.50	06/18/2018		(110	)	(74	)	36
Curve 3 Yr Future; June
2021
Put - Eurodollar, Mid-	N/A	165	$	413	$		97.63	03/19/2018		(64	)	(57	)	7
Curve 3 Yr Future; March
2021

See accompanying notes.

82

					Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
Options (continued)
Written Options			Contracts/		Notional					Expiration				Upfront					Unrealized
Outstanding		Counterparty	Shares		Amount		Exercise Price				Date	Payments/(Receipts)					Fair Value		Appreciation/(Depreciation)
Put - iShares MSCI		N/A	536	$		54	$	45.00		01/22/2018		$		(30	) $		(51	) $	(21	)
Emerging Markets ETF
Put - iShares Russell 2000		N/A	221	$		22	$	144.00		01/22/2018				(29	)		(25	)	4
ETF
Put - iShares Russell 2000		N/A	2,730	$		273	$	118.00		03/30/2018				(203	)		(133	)	70
ETF
Put - S&P 500 Index		N/A	221	$		22	$	1,950.00		03/19/2018				(972	)		(48	)	924
Put - S&P 500 Index		N/A	158	$		16	$	2,150.00		12/24/2018				(727	)		(671	)	56
Put - S&P 500 Index		N/A	105	$		11	$	2,050.00		12/18/2017				(101	)		—		101
Put - S&P 500 Index		N/A	200	$		20	$	1,925.00		06/18/2018				(719	)		(152	)	567
Put - S&P 500 Index		N/A	182	$		18	$	2,075.00		09/24/2018				(750	)		(447	)	303
Put - SPDR S&P Retail		N/A	680	$		68	$	39.00		01/22/2018				(31	)		(19	)	12
ETF
Put - US 10 Year Note 1st		N/A	25	$		25	$	124.50		12/04/2017				(4	)		(12	)	(8	)
W Future; March 2018
Put - USD versus BRL		Barclays Bank	1	$	2,241		$	3.20		03/01/2018				(25	)		(24	)	1
		PLC
Put - USD versus BRL		Barclays Bank	1	$		832	$	3.20		03/01/2018				(10	)		(9	)	1
		PLC
Put - USD versus ZAR		Barclays Bank	1	$	1,652		$	13.50		02/21/2018				(16	)		(34	)	(18	)
		PLC
Put - USD versus ZAR		Barclays Bank	1	$		832	$	13.50		02/21/2018				(11	)		(17	)	(6	)
		PLC
Total												$		(5,783	) $	(4,115		) $	1,668
Amounts in thousands except contracts/shares
Interest Rate Swaptions
					Pay/
					Receive
Purchased Swaptions			Floating Rate		Floating			Notional	Exercise		Expiration			Upfront			Fair		Unrealized
Outstanding		Counterparty	Index		Rate			Amount	Rate		Date		Payments/(Receipts)				Value		Appreciation/(Depreciation)
Call - 2 Year Interest	Barclays Bank PLC		MXN TIIE		Pay	MXN		269,195	6.60%     08/13/2018				$	67		$	40	$	(27	)
Rate Swap			Banxico
Call - 2 Year Interest	Barclays Bank PLC		MXN TIIE		Pay			296,117	6.60%     08/13/2018					81			44		(37	)
Rate Swap			Banxico
Call - 20 Year	Barclays Bank PLC		ICE LIBOR		Pay	JPY		556,500	0.50%     03/08/2018					13			3		(10	)
Interest Rate Swap			JPY 6 Month
Call - 3 Year Interest	Bank of America NA		MXN TIIE		Pay	MXN		251,104	6.60%     08/13/2018					66			63		(3	)
Rate Swap			Banxico
Call - 5 Year Interest	Bank of America NA		MXN TIIE		Pay			312,750	6.40%     01/16/2018					45			1		(44	)
Rate Swap			Banxico
Total													$	272		$	151	$	(121	)
					Pay/
					Receive
Written Swaptions			Floating Rate		Floating		Notional		Exercise		Expiration			Upfront			Fair		Unrealized
Outstanding		Counterparty	Index		Rate		Amount		Rate		Date		Payments/(Receipts)				Value		Appreciation/(Depreciation)
Put - 20 Year Interest	Barclays Bank PLC		ICE LIBOR		Receive			JPY 556,500	0.80%       03/08/2018				$	(36	)	$	(16	) $	20
Rate Swap			JPY 6 Month
Total													$	(36	)	$	(16	) $	20
Amounts in thousands
Futures Contracts
Description and Expiration Date					Type		Contracts			Notional Amount				Value and Unrealized Appreciation/(Depreciation)
3 Month Euro Swiss; June 2018					Short			1	$		256			$					—
3 Month Euro Swiss; March 2018					Short			2			512								—
90 Day Eurodollar; December 2018					Short			43			10,527								21
90 Day Eurodollar; December 2018					Long			10			2,448								(3	)
90 Day Eurodollar; December 2018					Short			2,826			691,840								944
90 Day Eurodollar; December 2019					Short			10			2,443								3
90 Day Eurodollar; June 2018					Short			87			21,338								41
90 Day Eurodollar; June 2019					Short			41			10,027								7
90 Day Eurodollar; June 2019					Short			37			9,048								19
90 Day Eurodollar; March 2018					Short			92			22,599								34
90 Day Eurodollar; March 2019					Short			39			9,542								13

See accompanying notes.

83

	Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
Futures Contracts (continued)
Description and Expiration Date	Type	Contracts		Notional Amount		Value and Unrealized Appreciation/(Depreciation)
90 Day Eurodollar; September 2018	Short	79	$	19,357	$	41
90 Day Eurodollar; September 2019	Short	32		7,822		17
90 Day Short Sterling; December 2018	Long	38		6,366		(1	)
90 Day Short Sterling; December 2018	Short	27		4,523		5
90 Day Short Sterling; December 2018	Long	698		116,934		(377	)
90 Day Short Sterling; December 2020	Short	51		8,511		29
90 Day Short Sterling; June 2018	Long	28		4,699		1
90 Day Short Sterling; June 2019	Short	24		4,016		6
90 Day Short Sterling; March 2018	Long	35		5,881		2
90 Day Short Sterling; March 2019	Short	27		4,521		6
90 Day Short Sterling; September 2018	Long	46		7,712		(1	)
90 Day Short Sterling; September 2019	Short	24		4,014		4
ASX 90 Day Bank Bill; December 2018	Long	16		12,046		1
ASX 90 Day Bank Bill; June 2019	Short	34		25,589		(9	)
Australia 10 Year Bond; December 2017	Long	5		494		11
Australia 10 Year Bond; December 2017	Long	449		44,370		257
Australia 10 Year Bond; December 2017	Short	109		10,771		(153	)
Australia 3 Year Bond; December 2017	Long	28		2,369		—
CAC40 Index; December 2017	Short	24		1,533		(19	)
CAC40 Index; December 2017	Long	75		4,792		(15	)
Canada 10 Year Bond; March 2018	Long	4		424		(1	)
Canadian Bank Acceptance; December 2018	Long	66		12,546		3
Canadian Bank Acceptance; June 2018	Short	37		7,047		(14	)
Canadian Bank Acceptance; June 2019	Long	33		6,265		(12	)
Canadian Bank Acceptance; March 2018	Short	41		7,821		(19	)
Canadian Bank Acceptance; September 2018	Short	35		6,659		(11	)
DAX Index; December 2017	Long	6		2,330		24
DAX Index; December 2017	Long	73		28,353		167
DJ Euro Stoxx 50; December 2017	Long	402		17,096		(116	)
DJ Euro Stoxx 50; December 2017	Long	186		7,910		140
DJ Euro Stoxx 50; December 2017	Short	117		4,976		(112	)
E-Mini DJIA Index; December 2017	Long	15		1,821		170
E-Mini DJIA Index; December 2017	Long	67		8,132		416
eMini MSCI EAFE; December 2017	Long	3		303		8
eMini MSCI Emerging Markets; December 2017	Long	13		728		10
eMini MSCI Emerging Markets; December 2017	Short	266		14,896		(561	)
Euribor; December 2018	Long	29		8,652		—
Euribor; December 2018	Long	1,411		420,952		91
Euribor; December 2018	Long	13		3,878		—
Euribor; June 2018	Short	19		5,671		(5	)
Euribor; June 2019	Long	20		5,959		(1	)
Euribor; June 2019	Long	8		2,384		(1	)
Euribor; March 2018	Short	25		7,462		(4	)
Euribor; March 2019	Long	11		3,280		(1	)
Euribor; September 2018	Short	12		3,581		(1	)
Euribor; September 2019	Long	3		893		—
Euro Bund 10 Year Bund; December 2017	Long	245		47,451		187
Euro Bund 10 Year Bund; December 2017	Short	44		8,522		(42	)
Euro Bund 10 Year Bund; December 2017	Short	46		8,909		(24	)
Euro Bund 10 Year Bund; March 2018	Long	13		2,513		—
FTSE China A50 Index; December 2017	Long	1		13		—
FTSE KLCI Index; December 2017	Short	28		589		(4	)
FTSE/JSE Top 40; December 2017	Short	10		390		(22	)
FTSE/MIB Index; December 2017	Long	28		3,729		43
FTSE100 Index; December 2017	Short	41		4,064		54
FTSE100 Index; December 2017	Long	243		24,085		(387	)
FTSE100 Index; December 2017	Short	20		1,982		10
Hang Seng Index; December 2017	Long	86		16,142		(310	)
IBEX 35 Index; December 2017	Long	16		1,942		34
Japan Topix Index; December 2017	Short	130		20,757		(2,369	)
Japan Topix Index; December 2017	Long	79		12,614		1,383

See accompanying notes.

84

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
Futures Contracts (continued)
Description and Expiration Date		Type	Contracts		Notional Amount			Value and Unrealized Appreciation/(Depreciation)
Japan Topix Index; December 2017		Long	95	$		15,169		$			898
KOSPI 200 Index; December 2017		Long	5			374					13
Mex Bolsa Index; December 2017		Short	5			127					9
MSCI Singapore Index; December 2017		Long	35			1,007					3
MSCI Taiwan Index; December 2017		Long	11			431					(17	)
Nasdaq 100 E-Mini; December 2017		Long	99			12,611					267
Nasdaq 100 E-Mini; December 2017		Long	13			1,656					102
Nikkei 225 OSE; December 2017		Long	84			16,987					1,390
Nikkei 225 OSE; December 2017		Long	5			1,011					151
OMXS30 Index; December 2017		Long	22			423					(6	)
Russell 2000 Emini; December 2017		Long	282			21,790					179
Russell 2000 Emini; December 2017		Long	257			19,858					1,478
Russell 2000 Emini; December 2017		Short	365			28,204					(2,605	)
S&P 500 Emini; December 2017		Short	55			7,282					(421	)
S&P 500 Emini; December 2017		Long	421			55,738					1,726
S&P 500 Emini; December 2017		Short	410			54,282					(3,755	)
S&P 500 Emini; December 2017		Short	213			28,200					(1,437	)
S&P Mid 400 Emini; December 2017		Long	3			570					41
S&P Mid 400 Emini; December 2017		Short	73			13,870					(1,328	)
S&P/TSX 60 Index; December 2017		Long	11			1,622					86
SET50 Index; December 2017		Short	50			334					22
SGX CNX Nifty Index; December 2017		Long	28			576					(9	)
SPI 200 Index; December 2017		Short	34			3,849					(187	)
UK 10 Year Gilt; March 2018		Long	286			47,807					(178	)
UK 10 Year Gilt; March 2018		Long	1			167					(1	)
UK 10 Year Gilt; March 2018		Short	50			8,358					53
US 10 Year Note; December 2017		Short	163			20,263					47
US 10 Year Note; March 2018		Long	18			2,233					(6	)
US 10 Year Note; March 2018		Short	223			27,662					175
US 10 Year Note; March 2018		Short	186			23,073					117
US 10 Year Note; March 2018		Long	7			868					(5	)
US 10 Year Ultra Note; March 2018		Short	234			31,162					69
US 2 Year Note; March 2018		Long	84			18,010					(22	)
US 2 Year Note; March 2018		Long	317			67,967					(15	)
US 5 Year Note; March 2018		Long	347			40,371					(131	)
US 5 Year Note; March 2018		Short	258			30,017					101
US Long Bond; March 2018		Short	53			8,041					68
US Long Bond; March 2018		Long	84			12,744					(71	)
US Long Bond; March 2018		Long	14			2,124					(3	)
US Ultra Bond; March 2018		Short	151			24,896					(125	)
US Ultra Bond; March 2018		Short	46			7,584					33
Total								$			(3,687	)
Amounts in thousands except contracts
Foreign Currency Contracts
									Unrealized Appreciation/(Depreciation)
Counterparty	Settlement Date		Contracts to Accept		In Exchange For			Fair Value	Asset		Liability
Bank of America NA	12/22/2017	AUD	77,310,000		$	61,508	$	58,462	$	— $	(3,046	)
Bank of America NA	12/22/2017	CAD	92,163,000			75,525		71,465		—	(4,060	)
Bank of America NA	12/22/2017	CHF	43,552,000			45,283		44,357		33	(959	)
Bank of America NA	12/22/2017	EUR	73,830,000			87,913		87,988		363	(288	)
Bank of America NA	12/22/2017	GBP	66,762,000			88,758		90,352		1,598	(4	)
Bank of America NA	12/22/2017	JPY	8,076,260,000			72,782		71,848		141	(1,075	)
Bank of America NA	12/22/2017	MXN	393,189,000			21,595		21,033		50	(612	)
Bank of America NA	12/22/2017	NZD	40,143,000			28,973		27,425		—	(1,548	)
Bank of New York Mellon	12/05/2017	EUR	8,682,490			9,486		10,335		849	—
Bank of New York Mellon	12/06/2017	EUR	23,225,607			27,637		27,648		11	—
Bank of New York Mellon	12/08/2017	EUR	5,273,110			6,245		6,278		33	—
Bank of New York Mellon	12/20/2017	CAD	6,050,000			4,710		4,691		—	(19	)
Bank of New York Mellon	12/20/2017	CHF	1,500,000			1,509		1,527		18	—
Bank of New York Mellon	12/20/2017	EUR	310,000			366		369		3	—
Bank of New York Mellon	01/19/2018	EUR	5,265,170			6,157		6,286		129	—
Bank of New York Mellon	01/25/2018	EUR	1,033,785			1,191		1,235		44	—

See accompanying notes.

85

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
Foreign Currency Contracts (continued)
									Unrealized Appreciation/(Depreciation)
Counterparty	Settlement Date		Contracts to Accept		In Exchange For		Fair Value		Asset		Liability
Bank of New York Mellon	01/26/2018	EUR	512,770	$	590	$	612	$	22	$	—
Bank of New York Mellon	03/14/2018	EUR	5,791,440		6,809		6,937		128		—
Bank of New York Mellon	07/20/2018	ZAR	8,772,270		604		617		13		—
Bank of New York Mellon	09/20/2018	EUR	167,875		202		204		2		—
Barclays Bank PLC	12/01/2017	AUD	3,831,000		2,907		2,898		—		(9	)
Barclays Bank PLC	12/01/2017	EUR	10,385,850		12,316		12,361		48		(3	)
Barclays Bank PLC	12/01/2017	GBP	2,332,000		3,140		3,154		14		—
Barclays Bank PLC	12/01/2017	HUF	1,984,815,664		7,468		7,545		77		—
Barclays Bank PLC	12/01/2017	JPY	155,928,494		1,394		1,385		—		(9	)
Barclays Bank PLC	12/01/2017	PLN	8,122,830		2,301		2,301		—		—
Barclays Bank PLC	12/04/2017	EUR	9,239,573		10,840		10,997		157		—
Barclays Bank PLC	12/04/2017	GBP	2,332,000		3,140		3,154		14		—
Barclays Bank PLC	12/04/2017	HUF	506,560,200		1,926		1,926		—		—
Barclays Bank PLC	12/04/2017	JPY	47,227,524		424		420		—		(4	)
Barclays Bank PLC	12/04/2017	NOK	28,009,881		3,379		3,367		—		(12	)
Barclays Bank PLC	12/04/2017	PHP	396,535,004		7,786		7,890		104		—
Barclays Bank PLC	12/08/2017	CAD	2,516,524		1,973		1,951		—		(22	)
Barclays Bank PLC	12/08/2017	EUR	30,746,875		36,034		36,606		575		(3	)
Barclays Bank PLC	12/08/2017	HUF	2,308,695,779		8,685		8,780		98		(3	)
Barclays Bank PLC	12/08/2017	JPY	548,306,095		4,923		4,873		6		(56	)
Barclays Bank PLC	12/08/2017	NOK	11,518,853		1,415		1,385		—		(30	)
Barclays Bank PLC	12/11/2017	AUD	5,314,000		4,052		4,019		—		(33	)
Barclays Bank PLC	12/11/2017	JPY	814,747,359		7,260		7,243		21		(38	)
Barclays Bank PLC	12/11/2017	NOK	18,639,829		2,286		2,241		—		(45	)
Barclays Bank PLC	12/11/2017	NZD	6,227,000		4,286		4,255		—		(31	)
Barclays Bank PLC	12/11/2017	SEK	22,628,485		2,705		2,706		4		(3	)
Barclays Bank PLC	12/13/2017	MXN	37,023,855		1,925		1,984		59		—
Barclays Bank PLC	12/13/2017	NZD	1,696,000		1,159		1,159		—		—
Barclays Bank PLC	12/15/2017	EUR	1,918,000		2,285		2,285		—		—
Barclays Bank PLC	12/15/2017	PLN	3,335,114		945		945		—		—
Barclays Bank PLC	12/19/2017	GBP	414,000		557		560		3		—
Barclays Bank PLC	12/20/2017	EUR	3,816,000		4,512		4,547		35		—
Barclays Bank PLC	12/20/2017	MYR	16,850,000		4,128		4,122		—		(6	)
Barclays Bank PLC	12/20/2017	SEK	25,205,754		2,992		3,016		24		—
Barclays Bank PLC	12/22/2017	AUD	3,831,000		2,898		2,897		—		(1	)
Barclays Bank PLC	12/22/2017	EUR	602,680		714		718		4		—
Barclays Bank PLC	12/22/2017	HUF	1,139,943,324		4,342		4,342		—		—
Barclays Bank PLC	12/29/2017	TRY	18,074,466		4,691		4,581		—		(110	)
Barclays Bank PLC	01/02/2018	CNH	63,775,708		9,727		9,628		5		(104	)
Barclays Bank PLC	01/12/2018	CNH	63,113,967		9,459		9,520		61		—
Barclays Bank PLC	01/12/2018	JPY	229,486,765		2,040		2,044		4		—
Barclays Bank PLC	01/12/2018	ZAR	24,242,198		1,674		1,757		83		—
Barclays Bank PLC	01/22/2018	BRL	3,915,826		1,219		1,190		—		(29	)
Barclays Bank PLC	01/24/2018	CNH	346,051		52		52		—		—
Barclays Bank PLC	01/24/2018	EUR	1,232,348		1,455		1,471		17		(1	)
Barclays Bank PLC	01/24/2018	JPY	25,642,357		233		229		—		(4	)
Barclays Bank PLC	01/24/2018	TRY	6,460,189		1,626		1,624		14		(16	)
Barclays Bank PLC	01/25/2018	CNH	3,007,231		440		453		13		—
Barclays Bank PLC	01/26/2018	MXN	13,312,942		683		708		25		—
Barclays Bank PLC	03/02/2018	BRL	22,397,969		6,704		6,779		81		(6	)
Barclays Bank PLC	03/28/2018	EUR	837,000		997		1,003		6		—
Barclays Bank PLC	03/28/2018	SEK	8,021,808		999		966		—		(33	)
Barclays Bank PLC	07/03/2018	PHP	619,908,910		11,911		12,146		235		—
Barclays Bank PLC	07/03/2018	ZAR	17,588,543		1,259		1,241		—		(18	)
Citigroup Inc	12/05/2017	EUR	2,360,000		2,786		2,809		23		—
Citigroup Inc	12/05/2017	RUB	162,755,000		2,777		2,784		7		—
Citigroup Inc	12/20/2017	AUD	37,594,000		29,909		28,430		—		(1,479	)
Citigroup Inc	12/20/2017	BRL	28,071,750		8,673		8,562		—		(111	)
Citigroup Inc	12/20/2017	CAD	33,026,870		26,597		25,609		—		(988	)
Citigroup Inc	12/20/2017	CHF	12,533,868		12,761		12,763		31		(29	)
Citigroup Inc	12/20/2017	CLP	1,566,303,000		2,494		2,421		—		(73	)
Citigroup Inc	12/20/2017	CNY	2,328,250		352		352		—		—
Citigroup Inc	12/20/2017	COP	401,621,000		135		133		—		(2	)
Citigroup Inc	12/20/2017	CZK	105,100,000		4,824		4,914		90		—
Citigroup Inc	12/20/2017	DKK	6,402,330		1,027		1,026		1		(2	)
Citigroup Inc	12/20/2017	EUR	23,181,145		27,485		27,622		171		(34	)
Citigroup Inc	12/20/2017	GBP	17,662,000		23,621		23,901		305		(25	)
Citigroup Inc	12/20/2017	HKD	3,687,000		473		472		—		(1	)
Citigroup Inc	12/20/2017	HUF	463,947,125		1,790		1,767		4		(27	)
Citigroup Inc	12/20/2017	IDR	8,558,124,000		635		632		—		(3	)
Citigroup Inc	12/20/2017	ILS	8,196,750		2,343		2,347		5		(1	)
Citigroup Inc	12/20/2017	INR	240,584,000		3,715		3,722		8		(1	)
Citigroup Inc	12/20/2017	JPY	892,525,998		7,964		7,939		6		(31	)
See accompanying notes.			86

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
Foreign Currency Contracts (continued)
									Unrealized Appreciation/(Depreciation)
Counterparty	Settlement Date		Contracts to Accept		In Exchange For		Fair Value		Asset		Liability
Citigroup Inc	12/20/2017	KRW	9,275,073,000	$	8,393	$	8,526	$	139	$	(6	)
Citigroup Inc	12/20/2017	MXN	244,119,000		13,404		13,063		47		(388	)
Citigroup Inc	12/20/2017	NOK	30,609,252		3,823		3,682		—		(141	)
Citigroup Inc	12/20/2017	NZD	17,589,536		12,486		12,018		2		(470	)
Citigroup Inc	12/20/2017	PHP	28,620,000		558		568		10		—
Citigroup Inc	12/20/2017	PLN	16,920,001		4,732		4,796		64		—
Citigroup Inc	12/20/2017	SEK	58,464,002		7,070		6,996		22		(96	)
Citigroup Inc	12/20/2017	SGD	7,941,000		5,860		5,889		32		(3	)
Citigroup Inc	12/20/2017	TRY	28,500,000		7,683		7,243		—		(440	)
Citigroup Inc	12/20/2017	TWD	36,516,000		1,217		1,219		3		(1	)
Citigroup Inc	12/20/2017	ZAR	30,698,000		2,217		2,233		43		(27	)
Citigroup Inc	03/21/2018	AUD	13,831,068		10,487		10,453		5		(39	)
Citigroup Inc	03/21/2018	BRL	223,000		67		67		—		—
Citigroup Inc	03/21/2018	CAD	9,158,336		7,180		7,110		—		(70	)
Citigroup Inc	03/21/2018	CHF	3,234,433		3,310		3,317		7		—
Citigroup Inc	03/21/2018	CLP	65,875,832		103		102		—		(1	)
Citigroup Inc	03/21/2018	CNY	41,000		6		6		—		—
Citigroup Inc	03/21/2018	COP	401,621,000		132		132		—		—
Citigroup Inc	03/21/2018	CZK	68,325,000		3,197		3,216		22		(3	)
Citigroup Inc	03/21/2018	EUR	6,889,603		8,224		8,256		39		(7	)
Citigroup Inc	03/21/2018	GBP	1,701,266		2,274		2,309		35		—
Citigroup Inc	03/21/2018	HKD	1,078,500		138		138		—		—
Citigroup Inc	03/21/2018	IDR	8,093,115,000		592		591		—		(1	)
Citigroup Inc	03/21/2018	ILS	197,000		57		57		—		—
Citigroup Inc	03/21/2018	KRW	1,379,283,000		1,260		1,269		9		—
Citigroup Inc	03/21/2018	MXN	131,718,615		6,939		6,939		20		(20	)
Citigroup Inc	03/21/2018	PHP	19,450,000		380		384		4		—
Citigroup Inc	03/21/2018	PLN	7,932,076		2,231		2,250		19		—
Citigroup Inc	03/21/2018	SGD	2,215,000		1,646		1,645		1		(2	)
Citigroup Inc	03/21/2018	TRY	9,875,000		2,424		2,438		14		—
Citigroup Inc	03/21/2018	TWD	18,493,250		622		621		—		(1	)
Citigroup Inc	03/22/2018	JPY	909,547,000		8,197		8,131		—		(66	)
Citigroup Inc	03/22/2018	ZAR	7,945,000		569		569		1		(1	)
Deutsche Bank AG	12/06/2017	MXN	50,829,916		2,817		2,727		—		(90	)
Deutsche Bank AG	12/20/2017	EUR	4,909,000		5,813		5,850		37		—
HSBC Securities Inc	12/20/2017	BRL	44,100,000		13,527		13,451		—		(76	)
HSBC Securities Inc	12/20/2017	CZK	220,000,000		10,158		10,286		128		—
HSBC Securities Inc	12/20/2017	HUF	2,800,000,000		10,682		10,662		—		(20	)
HSBC Securities Inc	12/20/2017	ZAR	97,700,000		7,146		7,107		—		(39	)
HSBC Securities Inc	12/21/2017	PLN	24,300,000		6,870		6,888		18		—
Merrill Lynch	05/21/2018	PHP	420,815,000		8,259		8,268		9		—
Morgan Stanley & Co	12/04/2017	BRL	9,320,000		2,895		2,847		—		(48	)
Morgan Stanley & Co	12/06/2017	MXN	56,350,000		2,948		3,023		75		—
Morgan Stanley & Co	12/06/2017	PLN	9,430,000		2,674		2,672		—		(2	)
Morgan Stanley & Co	12/27/2017	SEK	38,250,000		4,539		4,580		41		—
Morgan Stanley & Co	12/29/2017	NOK	36,645,000		4,461		4,410		—		(51	)
UBS AG	12/05/2017	EUR	2,152,679		2,511		2,562		51		—
UBS AG	12/05/2017	GBP	2,164,026		2,812		2,927		115		—
UBS AG	12/05/2017	TRY	9,675,000		2,754		2,470		—		(284	)
Total								$	6,887	$	(17,440	)
									Unrealized Appreciation/(Depreciation)
Counterparty	Settlement Date		Contracts to Deliver		In Exchange For		Fair Value		Asset		Liability
Bank of America NA	12/22/2017	AUD	129,753,000	$	98,834	$	98,120	$	734	$	(20	)
Bank of America NA	12/22/2017	CAD	32,486,000		25,659		25,190		469		—
Bank of America NA	12/22/2017	CHF	76,952,000		77,592		78,376		72		(856	)
Bank of America NA	12/22/2017	EUR	23,110,000		27,213		27,542		9		(338	)
Bank of America NA	12/22/2017	GBP	30,808,000		40,729		41,694		8		(973	)
Bank of America NA	12/22/2017	JPY	15,306,631,000		136,405		136,171		575		(341	)
Bank of America NA	12/22/2017	MXN	198,986,000		10,533		10,645		67		(179	)
Bank of America NA	12/22/2017	NZD	71,871,000		49,748		49,102		650		(4	)
Bank of New York Mellon	12/01/2017	CAD	5,550,000		4,315		4,302		13		—
Bank of New York Mellon	12/05/2017	EUR	14,238,765		15,450		16,949		—		(1,499	)
Bank of New York Mellon	12/06/2017	EUR	23,028,089		27,046		27,413		—		(367	)
Bank of New York Mellon	12/08/2017	EUR	5,273,110		5,702		6,278		—		(576	)
Bank of New York Mellon	12/15/2017	EUR	9,952,000		11,904		11,855		49		—
Bank of New York Mellon	12/20/2017	CAD	6,050,000		4,936		4,691		245		—
Bank of New York Mellon	12/20/2017	CHF	1,500,000		1,570		1,527		43		—
Bank of New York Mellon	12/20/2017	EUR	5,000,000		5,980		5,958		36		(14	)
Bank of New York Mellon	12/20/2017	GBP	200,000		266		271		—		(5	)
Bank of New York Mellon	01/12/2018	EUR	796,280		950		950		—		—
Bank of New York Mellon	01/19/2018	EUR	5,265,170		5,777		6,286		—		(509	)
Bank of New York Mellon	01/25/2018	EUR	24,297,546		28,910		29,021		—		(111	)

See accompanying notes.

87

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
Foreign Currency Contracts (continued)
									Unrealized Appreciation/(Depreciation)
Counterparty	Settlement Date		Contracts to Deliver		In Exchange For		Fair Value		Asset	Liability
Bank of New York Mellon	01/26/2018	EUR	512,770	$	559	$	613	$	— $	(54	)
Bank of New York Mellon	02/02/2018	EUR	718,915		862		859		3	—
Bank of New York Mellon	02/09/2018	EUR	5,753,815		6,707		6,878		—	(171	)
Bank of New York Mellon	03/14/2018	EUR	5,791,440		6,290		6,937		—	(647	)
Bank of New York Mellon	05/04/2018	EUR	4,570,835		5,381		5,492		—	(111	)
Bank of New York Mellon	07/20/2018	ZAR	45,121,185		3,188		3,174		27	(13	)
Bank of New York Mellon	08/14/2018	EUR	1,596,060		1,921		1,931		—	(10	)
Bank of New York Mellon	09/20/2018	CHF	5,360,237		5,521		5,578		—	(57	)
Bank of New York Mellon	09/20/2018	EUR	5,809,250		6,883		7,048		—	(165	)
Bank of New York Mellon	09/26/2018	GBP	1,110,000		1,515		1,516		—	(1	)
Bank of New York Mellon	10/05/2018	EUR	1,015,575		1,216		1,233		—	(17	)
Barclays Bank PLC	12/01/2017	AUD	3,831,000		2,899		2,898		1	—
Barclays Bank PLC	12/01/2017	EUR	10,385,850		12,259		12,362		1	(104	)
Barclays Bank PLC	12/01/2017	GBP	2,332,000		3,080		3,154		—	(74	)
Barclays Bank PLC	12/01/2017	HUF	1,984,815,664		7,549		7,544		10	(5	)
Barclays Bank PLC	12/01/2017	JPY	155,928,495		1,388		1,385		3	—
Barclays Bank PLC	12/01/2017	PLN	8,122,830		2,258		2,301		—	(43	)
Barclays Bank PLC	12/04/2017	EUR	11,254,073		13,088		13,394		1	(307	)
Barclays Bank PLC	12/04/2017	GBP	2,332,000		3,140		3,154		—	(14	)
Barclays Bank PLC	12/04/2017	JPY	47,307,787		424		420		4	—
Barclays Bank PLC	12/04/2017	NOK	24,801,649		3,001		2,982		19	—
Barclays Bank PLC	12/04/2017	PHP	401,061,741		7,838		7,980		—	(142	)
Barclays Bank PLC	12/08/2017	CAD	15,281,240		11,956		11,846		110	—
Barclays Bank PLC	12/08/2017	EUR	11,364,000		13,348		13,529		—	(181	)
Barclays Bank PLC	12/08/2017	NOK	11,490,540		1,415		1,381		34	—
Barclays Bank PLC	12/08/2017	SEK	103,541,725		12,261		12,374		—	(113	)
Barclays Bank PLC	12/11/2017	AUD	1,478,000		1,121		1,118		3	—
Barclays Bank PLC	12/11/2017	CAD	588,834		464		456		8	—
Barclays Bank PLC	12/11/2017	JPY	633,128,059		5,610		5,628		3	(21	)
Barclays Bank PLC	12/11/2017	NOK	25,153,097		3,052		3,025		27	—
Barclays Bank PLC	12/11/2017	NZD	4,943,000		3,426		3,378		48	—
Barclays Bank PLC	12/11/2017	SEK	49,280,200		5,899		5,891		8	—
Barclays Bank PLC	12/11/2017	TRY	793,627		202		202		—	—
Barclays Bank PLC	12/13/2017	KRW	1,671,606,840		1,493		1,537		—	(44	)
Barclays Bank PLC	12/13/2017	MXN	36,972,520		1,925		1,981		—	(56	)
Barclays Bank PLC	12/13/2017	NZD	858,000		586		586		—	—
Barclays Bank PLC	12/15/2017	EUR	793,000		946		945		1	—
Barclays Bank PLC	12/15/2017	PLN	8,068,619		2,285		2,287		—	(2	)
Barclays Bank PLC	12/19/2017	GBP	2,120,000		2,856		2,869		—	(13	)
Barclays Bank PLC	12/20/2017	EUR	2,544,000		2,991		3,031		—	(40	)
Barclays Bank PLC	12/20/2017	JPY	4,609,692,288		42,022		41,003		1,019	—
Barclays Bank PLC	12/20/2017	SEK	37,813,628		4,513		4,525		2	(14	)
Barclays Bank PLC	12/22/2017	AUD	1,784,250		1,355		1,350		5	—
Barclays Bank PLC	12/22/2017	EUR	3,635,850		4,342		4,333		9	—
Barclays Bank PLC	12/22/2017	PHP	314,646,029		6,197		6,248		—	(51	)
Barclays Bank PLC	12/22/2017	SEK	837,207		100		100		—	—
Barclays Bank PLC	12/29/2017	TRY	18,107,289		4,691		4,589		105	(3	)
Barclays Bank PLC	01/02/2018	CNH	53,314,684		8,132		8,048		92	(8	)
Barclays Bank PLC	01/12/2018	CNH	13,576,726		2,041		2,048		—	(7	)
Barclays Bank PLC	01/12/2018	ZAR	24,048,011		1,674		1,743		—	(69	)
Barclays Bank PLC	01/24/2018	CNH	349,749		53		53		—	—
Barclays Bank PLC	01/24/2018	EUR	1,232,348		1,473		1,472		1	—
Barclays Bank PLC	01/24/2018	TRY	18,039,951		4,870		4,534		336	—
Barclays Bank PLC	01/25/2018	CNH	2,933,832		440		442		—	(2	)
Barclays Bank PLC	01/26/2018	MXN	188,476,630		9,905		10,018		20	(133	)
Barclays Bank PLC	01/29/2018	KRW	3,047,824,000		2,800		2,803		—	(3	)
Barclays Bank PLC	01/31/2018	KRW	4,784,400,000		4,400		4,401		5	(6	)
Barclays Bank PLC	03/28/2018	EUR	837,000		999		1,003		—	(4	)
Barclays Bank PLC	03/28/2018	SEK	8,018,460		997		966		31	—
Barclays Bank PLC	07/03/2018	PHP	684,378,748		13,190		13,408		—	(218	)
Barclays Bank PLC	07/03/2018	ZAR	18,113,108		1,259		1,278		11	(30	)
BNP Paribas	12/20/2017	GBP	1,507,000		2,017		2,039		—	(22	)
Citigroup Inc	12/05/2017	EUR	2,360,000		2,814		2,809		5	—
Citigroup Inc	12/05/2017	RUB	162,755,000		2,696		2,784		—	(88	)
Citigroup Inc	12/20/2017	AUD	21,787,068		16,654		16,476		184	(6	)
Citigroup Inc	12/20/2017	BRL	35,642,999		11,030		10,871		173	(14	)
Citigroup Inc	12/20/2017	CAD	23,017,346		18,043		17,847		196	—
Citigroup Inc	12/20/2017	CHF	25,312,000		26,569		25,775		807	(13	)
Citigroup Inc	12/20/2017	CLP	1,519,248,832		2,409		2,348		61	—
Citigroup Inc	12/20/2017	CNY	2,844,000		430		430		1	(1	)
Citigroup Inc	12/20/2017	COP	401,621,000		133		133		—	—
Citigroup Inc	12/20/2017	CZK	84,325,000		3,905		3,943		2	(40	)
Citigroup Inc	12/20/2017	DKK	6,402,330		1,009		1,025		—	(16	)
See accompanying notes.			88

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
Foreign Currency Contracts (continued)
							Unrealized Appreciation/(Depreciation)
Counterparty	Settlement Date		Contracts to Deliver		In Exchange For		Fair Value		Asset		Liability
Citigroup Inc	12/20/2017	EUR	35,225,383	$	41,910	$	41,974	$	158	$	(222	)
Citigroup Inc	12/20/2017	GBP	16,034,264		20,889		21,698		1		(810	)
Citigroup Inc	12/20/2017	HKD	2,685,500		344		344		—		—
Citigroup Inc	12/20/2017	HUF	597,347,000		2,257		2,275		9		(27	)
Citigroup Inc	12/20/2017	IDR	8,558,124,000		633		632		1		—
Citigroup Inc	12/20/2017	ILS	10,458,000		2,938		2,995		—		(57	)
Citigroup Inc	12/20/2017	INR	240,584,000		3,662		3,722		—		(60	)
Citigroup Inc	12/20/2017	JPY	1,334,811,997		12,040		11,873		202		(35	)
Citigroup Inc	12/20/2017	KRW	9,957,946,000		8,851		9,154		—		(303	)
Citigroup Inc	12/20/2017	MXN	156,931,615		8,360		8,398		29		(67	)
Citigroup Inc	12/20/2017	NOK	39,811,000		4,892		4,789		103		—
Citigroup Inc	12/20/2017	NZD	22,120,000		15,847		15,113		734		—
Citigroup Inc	12/20/2017	PHP	28,620,000		553		568		—		(15	)
Citigroup Inc	12/20/2017	PLN	10,121,076		2,826		2,869		—		(43	)
Citigroup Inc	12/20/2017	SEK	86,694,002		10,720		10,374		349		(3	)
Citigroup Inc	12/20/2017	SGD	7,941,000		5,876		5,889		6		(19	)
Citigroup Inc	12/20/2017	TRY	22,575,000		5,918		5,737		194		(13	)
Citigroup Inc	12/20/2017	TWD	32,993,250		1,103		1,101		3		(1	)
Citigroup Inc	12/20/2017	ZAR	30,698,000		2,195		2,233		15		(53	)
Citigroup Inc	03/21/2018	AUD	8,251,000		6,249		6,236		19		(6	)
Citigroup Inc	03/21/2018	BRL	24,913,750		7,590		7,525		66		(1	)
Citigroup Inc	03/21/2018	CAD	3,324,422		2,597		2,581		16		—
Citigroup Inc	03/21/2018	CHF	11,180,868		11,453		11,466		10		(23	)
Citigroup Inc	03/21/2018	CLP	712,961,000		1,115		1,102		13		—
Citigroup Inc	03/21/2018	CNY	1,607,250		241		241		—		—
Citigroup Inc	03/21/2018	DKK	6,402,330		1,033		1,032		2		(1	)
Citigroup Inc	03/21/2018	EUR	381,240		452		457		—		(5	)
Citigroup Inc	03/21/2018	HKD	43,000		6		6		—		—
Citigroup Inc	03/21/2018	HUF	261,088,125		997		1,000		2		(5	)
Citigroup Inc	03/21/2018	ILS	3,768,750		1,079		1,084		—		(5	)
Citigroup Inc	03/21/2018	INR	27,574,000		418		422		—		(4	)
Citigroup Inc	03/21/2018	KRW	5,157,717,000		4,740		4,745		6		(11	)
Citigroup Inc	03/21/2018	MXN	158,000		8		8		—		—
Citigroup Inc	03/21/2018	NOK	35,444,250		4,323		4,276		47		—
Citigroup Inc	03/21/2018	NZD	5,903,539		4,042		4,028		17		(3	)
Citigroup Inc	03/21/2018	PHP	1,826,000		36		36		—		—
Citigroup Inc	03/21/2018	SEK	66,182,002		7,967		7,969		29		(31	)
Citigroup Inc	03/21/2018	SGD	3,344,000		2,480		2,484		2		(6	)
Citigroup Inc	03/21/2018	TRY	2,863,000		703		707		—		(4	)
Citigroup Inc	03/22/2018	JPY	442,285,998		3,966		3,954		12		—
Citigroup Inc	03/22/2018	ZAR	8,767,002		610		628		—		(18	)
Credit Suisse	01/30/2018	COP	3,330,000,000		1,107		1,099		8		—
Deutsche Bank AG	12/06/2017	EUR	2,360,000		2,816		2,809		7		—
Deutsche Bank AG	12/20/2017	GBP	1,046,000		1,381		1,416		—		(35	)
Deutsche Bank AG	12/27/2017	EUR	412,000		484		491		—		(7	)
Deutsche Bank AG	12/28/2017	EUR	1,075,000		1,270		1,282		—		(12	)
HSBC Securities Inc	12/14/2017	EGP	152,314,050		8,509		8,622		—		(113	)
HSBC Securities Inc	12/20/2017	BRL	23,725,000		7,239		7,236		3		—
HSBC Securities Inc	12/20/2017	HUF	2,800,000,000		10,521		10,662		—		(141	)
HSBC Securities Inc	12/20/2017	RON	41,000,000		10,357		10,518		—		(161	)
HSBC Securities Inc	12/20/2017	ZAR	97,700,000		6,959		7,107		—		(148	)
HSBC Securities Inc	12/21/2017	PLN	24,300,000		6,774		6,889		—		(115	)
Merrill Lynch	12/11/2017	GBP	625,000		819		845		—		(26	)
Merrill Lynch	12/13/2017	EUR	655,000		761		780		—		(19	)
Merrill Lynch	12/20/2017	BRL	3,500,000		1,062		1,068		—		(6	)
Merrill Lynch	12/27/2017	MXN	10,000,000		527		534		—		(7	)
Merrill Lynch	12/29/2017	EUR	10,205,000		12,146		12,168		—		(22	)
Morgan Stanley & Co	12/04/2017	BRL	9,320,000		2,855		2,847		8		—
Morgan Stanley & Co	12/06/2017	PLN	37,785,000		10,419		10,706		—		(287	)
Morgan Stanley & Co	12/12/2017	EUR	2,330,000		2,815		2,775		40		—
Morgan Stanley & Co	12/18/2017	GBP	200,000		263		271		—		(8	)
Morgan Stanley & Co	12/27/2017	ZAR	76,400,000		5,428		5,552		—		(124	)
Morgan Stanley & Co	01/02/2018	BRL	9,320,000		2,886		2,839		47		—
UBS AG	12/05/2017	EUR	4,667,087		5,565		5,555		10		—
UBS AG	12/05/2017	TRY	9,675,000		2,512		2,470		42		—
Total							$		8,556	$	(12,027	)
Amounts in thousands except contracts

See accompanying notes.

89

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
Credit Default Swaps
Buy Protection
		Implied
		Credit
		Spread as of		(Pay)/									Unrealized
		November		Receive   Payment				Notional		Upfront			Appreciation/			Fair Value
Counterparty	Reference Entity	30, 2017 (a)		Fixed Rate   Frequency	Maturity Date			Amount		Payments/(Receipts)			(Depreciation)			Asset	Liability
Barclays Bank PLC	China Government	0.59	%	(1.00)% Quarterly	12/20/2022	EUR	1,150		$	(20	)	$	(8	)	$	— $	(28	)
	International Bond,
	7.50%, 10/28/2027
Goldman Sachs &	Assured Guaranty	1.41	%	(5.00)% Quarterly	12/20/2021	$	6,000			(736	)		(87	)		—	(823	)
Co	Municipal Corp,
	5.00%, 06/20/2022
Goldman Sachs &	Frontier	13.87	%	(5.00)% Quarterly	06/20/2020		1,000			16			157			173	—
Co	Communications
	Corp, 9.00%,
	08/15/2031
Goldman Sachs &	Gap Inc/The,	0.78	%	(1.00)% Quarterly	12/20/2021		3,000			254			(279	)		—	(25	)
Co	5.95%, 04/12/2021
Goldman Sachs &	Hertz Corp/The,	5.25	%	(5.00)% Quarterly	06/20/2020		3,000			179			(161	)		18	—
Co	5.88%, 10/15/2020
Goldman Sachs &	Hertz Corp/The,	3.75	%	(5.00)% Quarterly	06/20/2019		3,000			—			(56	)		—	(56	)
Co	5.88%, 10/15/2020
Goldman Sachs &	Hertz Corp/The,	5.92	%	(5.00)% Quarterly	12/20/2020		2,000			79			(30	)		49	—
Co	5.88%, 10/15/2020
Goldman Sachs &	Hertz Corp/The,	7.76	%	(5.00)% Quarterly	06/20/2022		3,000			439			(145	)		294	—
Co	5.88%, 10/15/2020
Goldman Sachs &	International Lease	0.64	%	(5.00)% Quarterly	12/20/2021		6,000			(856	)		(160	)		—	(1,016	)
Co	Finance Corp,
	8.25%, 12/15/2020
Goldman Sachs &	JC Penney Corp Inc,	11.46	%	(5.00)% Quarterly	12/20/2022		3,000			604			32			636	—
Co	6.38%, 10/15/2036
Goldman Sachs &	JC Penney Corp Inc,	10.80	%	(5.00)% Quarterly	12/20/2021		2,000			42			295			337	—
Co	6.38%, 10/15/2036
Goldman Sachs &	Kohl's Corp, 4.00%,	1.18	%	(1.00)% Quarterly	12/20/2021		3,000			152			(131	)		21	—
Co	11/01/2021
Goldman Sachs &	Macys, 3.45%,	2.63	%	(1.00)% Quarterly	12/20/2022		3,000			316			(94	)		222	—
Co	01/15/2021
Goldman Sachs &	Nordstrom Inc,	1.81	%	(1.00)% Quarterly	12/20/2021		3,000			64			28			92	—
Co	6.95%, 03/15/2028
Goldman Sachs &	Staples Inc, 3.75%,	5.17	%	(1.00)% Quarterly	12/20/2021		4,000			212			369			581	—
Co	01/12/2018
JP Morgan Chase	Intesa Sanpaolo	0.63	%	(1.00)% Quarterly	12/20/2022	EUR		900		(9	)		(11	)		—	(20	)
	Spa, 4.38%,
	02/12/2020
JP Morgan Chase	Korea International	0.59	%	(1.00)% Quarterly	12/20/2022		1,150			(20	)		(8	)		—	(28	)
	Bond, 7.13%,
	04/16/2019
JP Morgan Chase	Teva	3.00	%	(1.00)% Quarterly	12/20/2022	$		170		19			(4	)		15	—
	Pharmaceutical
	Finance Co BV,
	3.65%, 11/10/2021
JP Morgan Chase	Teva	3.00	%	(1.00)% Quarterly	12/20/2022			100		12			(3	)		9	—
	Pharmaceutical
	Finance Co BV,
	3.65%, 11/10/2021
Merrill Lynch	CDX. EM.28	N/A		(1.00)% Quarterly	12/20/2022		3,525			150			(18	)		132	—
Merrill Lynch	Turkey Government	1.98	%	(1.00)% Quarterly	12/20/2022		1,400			69			(6	)		63	—
	International Bond,
	11.88%, 01/15/2030
Morgan Stanley &	China Government	0.57	%	(1.00)% Quarterly	12/20/2022		1,200			(22	)		(3	)		—	(25	)
Co	International Bond,
	7.5%, 10/28/2027
Morgan Stanley &	Intesa Sanpaolo	0.58	%	(1.00)% Quarterly	12/20/2022		1,425			(18	)		(10	)		—	(28	)
Co	Spa, 4.38%,
	02/12/2020
Morgan Stanley &	ITRX ASIA EXJP	N/A		(1.00)% Quarterly	12/20/2022		3,370			(32	)		(9	)		—	(41	)
Co	Series 28 100
	12/20/22
Morgan Stanley &	Turkey Government	1.98	%	(1.00)% Quarterly	12/20/2022		1,525			56			13			69	—
Co	International Bond,
	11.88%, 01/15/2030
Total								$		950		$	(329	)	$	2,711	$ (2,090)

See accompanying notes.

90

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
Credit Default Swaps (continued)
Sell Protection
		Implied
		Credit
		Spread as of		(Pay)/								Unrealized
		November		Receive    Payment		Notional			Upfront			Appreciation/				Fair Value (c)
Counterparty	Reference Entity	30, 2017	(a)	Fixed Rate     Frequency	Maturity Date	Amount (b)		Payments/(Receipts)				(Depreciation)		Asset    Liability
Morgan Stanley &	CMBX. NA.A	N/A		2.00%      Monthly	11/17/2059	$1,000		$	(27	)	$	(3	)	$		— $	(30	)
Co
Total							$		(27	)	$	(3	)	$		— $	(30	)
Amounts in thousands
Exchange Cleared Credit Default Swaps
Buy Protection
		Implied
		Credit
		Spread as of		(Pay)/								Unrealized
		November		Receive    Payment		Notional			Upfront			Appreciation/
Reference Entity		30, 2017	(a)	Fixed Rate    Frequency	Maturity Date	Amount (b)		Payments/(Receipts)				(Depreciation)				Fair Value (c)
ITRX EUR Xover CDS Series		N/A		(5.00)%    Quarterly	12/20/2022	EUR	8,000	$	(1,094	)	$	(98)			$		(1,192	)
28 500 12/20/2022
Total							$		(1,094	)	$	(98	)	$		(1,192		)
Sell Protection
		Implied
		Credit
		Spread as of		(Pay)/								Unrealized
		November		Receive     Payment		Notional			Upfront			Appreciation/
Reference Entity		30, 2017	(a)	Fixed Rate     Frequency	Maturity Date		Amount (b)		Payments/(Receipts)			(Depreciation)				Fair Value (c)
ITX.28.15		N/A		5.00%     Quarterly	12/20/2022	EUR	8,403	$	1,158		$	94		$			1,252
ITX.29.15		N/A		5.00%     Quarterly	12/20/2022	$	6,125		446			37					483
Total							$		1,604		$	131		$			1,735

Amounts in thousands

(a) Implied credit spreads, represented in absolute terms, used in determining the market value of credit default swap agreements on corporate issues or sovereign issues as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

(b) The maximum potential payment amount that the seller of credit protection could be required to make if a credit event occurs as defined under the terms of that particular swap agreement is $7,125 and 8,403 EUR.

(c) The market price and resulting market value for credit default swap agreements on an issuer serve as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit default swap as of the period end. Increasing market values, in absolute terms, when compared to the notional amount of the swap, represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

Currency Swaps
								Notional	Notional
								Amount of	Amount of
	Fund			Payment				Currency	Currency	Upfront			Unrealized			Fair Value
Counterparty	Receives	Fund Pays			Frequency	Maturity Date		Received	Delivered	Payments/(Receipts)			Appreciation/(Depreciation)			Asset		Liability
Bank of America	3 Month	11.80	%	Quarterly		02/01/2023	$	2,088	TRY 7,909	$—	$		17		$	17	$	—
NA	LIBOR
Bank of America	3 Month	12.23	%	Quarterly		02/16/2023		2,300	8,893	—			(18	)		—		(18	)
NA	LIBOR
Bank of America	3 Month	12.10	%	Quarterly		02/28/2023		2,136	8,438	—			(10	)		—		(10	)
NA	LIBOR
Bank of America	3 Month	10.56	%	Quarterly		12/30/2022		1,576	5,643	—			80			80		—
NA	LIBOR
Total									$	—	$		69		$	97	$	(28	)
Amounts in thousands
Interest Rate Swaps
		(Pay)/
		Receive
	Floating Rate	Floating			Fixed	Payment			Notional	Unrealized			Upfront			Fair Value
Counterparty	Index	Rate			Rate	Frequency		Maturity Date	Amount		Appreciation/(Depreciation)		Payments/(Receipts)			Asset		Liability
Bank of America	Brazil Cetip	Receive			8.55%	Annual		01/02/2020	BRL 20,000		$(21	) $	—		$	— $		(21	)
NA	Interbank
	Deposit

See accompanying notes.

91

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
Interest Rate Swaps (continued)
		(Pay)/
		Receive											Upfront
	Floating Rate	Floating	Fixed		Payment			Notional		Unrealized		Payments/(Receipts)				Fair Value
Counterparty	Index	Rate	Rate		Frequency	Maturity Date		Amount		Appreciation/(Depreciation)			(continued)			Asset            Liability
Bank of America        CFETS China		Pay	3.85%    Quarterly			09/08/2022	CNY	8,370	$	(6	)	$	—$			—$		(6	)
NA	Fixing Repo
	Rates 7 Day
Bank of America          CFETS China		Pay	3.72%    Quarterly			06/22/2022		11,886		(16	)		—			—		(16	)
NA	Fixing Repo
	Rates 7 Day
Bank of America              CFETS China		Pay	3.94%    Quarterly			02/08/2022		11,972		2			—			2		—
NA	Fixing Repo
	Rates 7 Day
Bank of America              CFETS China		Pay	4.01%    Quarterly			11/01/2022		5,889		2			—			2		—
NA	Fixing Repo
	Rates 7 Day
Bank of America               CFETS China		Pay	3.77%    Quarterly			09/18/2022		5,859		(7	)		—			—		(7	)
NA	Fixing Repo
	Rates 7 Day
Bank of America           CFETS China		Pay	3.77%     Quarterly			12/28/2021		16,222		(13	)		—			—		(13	)
NA	Fixing Repo
	Rates 7 Day
Bank of America              CFETS China		Pay	3.98%     Quarterly			03/24/2022		9,200		3			—			3		—
NA	Fixing Repo
	Rates 7 Day
Bank of America          CFETS China		Pay	4.00%    Quarterly			11/16/2022		11,500		3			—			3		—
NA	Fixing Repo
	Rates 7 Day
Bank of America          Chile Central		Receive	3.49%    Semiannual			11/03/2022	CLP	892,398		—			—			—		—
NA	Bank Daily
	Midday
	Interbank Rate
	Nominal
Bank of America           Chile Central		Receive	3.49%     Semiannual			11/07/2022		1,052,690		—			—			—		—
NA	Bank Daily
	Midday
	Interbank Rate
	Nominal
Bank of America            Colombia IBR		Receive	6.00%    Quarterly			02/22/2022	COP	4,390,000		(56	)		—			—		(56	)
NA	Overnight
	Interbank
	Reference Rate
Bank of America        FBIL - Overnight		Pay	6.05%      Semiannual			06/29/2019	INR	587,016		(22	)		—			—		(22	)
NA	MIBOR
Bank of America           FBIL - Overnight Receive			6.19	%	Annual	06/29/2022		251,100		42			—			42		—
NA	MIBOR
Citigroup Inc	Brazil Cetip	Pay	8.58	%	Annual	01/02/2020	BRL	79,150		106			—			106		—
	Interbank
	Deposit
HSBC Securities       Brazil Cetip		Receive	7.35	%	Annual	01/02/2019		336,000		(221	)		—			—		(221	)
Inc	Interbank
	Deposit
HSBC Securities           Brazil Cetip		Pay	9.55	%	Annual	01/02/2020		119,100		811			—			811		—
Inc	Interbank
	Deposit
Total								$		607		$	—		$	969	$	(362	)
Amounts in thousands
Exchange Cleared Interest Rate Swaps
		(Pay)/
		Receive
		Floating	Fixed		Payment		Notional			Unrealized			Upfront
Floating Rate Index		Rate	Rate     Frequency			Maturity Date	Amount			Appreciation/(Depreciation)			Payments/(Receipts)				Fair Value
3 Month LIBOR		Receive	1.93% Quarterly			01/13/2022	$	4,225	$	37		$	—			$		37
3 Month LIBOR		Receive	1.65% Quarterly			09/21/2020		22,200		253			(2	)				251
3 Month LIBOR		Pay	2.30%Semiannual			09/21/2025		5,900		(11	)		—					(11	)
3 Month LIBOR		Receive	2.23% Quarterly			04/03/2024		4,061		7			1					8
3 Month LIBOR		Pay	1.63%Semiannual			04/03/2019		13,537		(42	)		1					(41	)
3 Month LIBOR		Receive	2.02% Quarterly			01/23/2022		5,283		27			—					27
3 Month LIBOR		Receive	2.19% Quarterly			06/30/2027		694		12			—					12
3 Month LIBOR		Receive	2.02% Quarterly			02/07/2022		4,265		23			—					23
3 Month LIBOR		Receive	1.19% Quarterly			08/11/2021		6,434		215			—					215
3 Month LIBOR		Receive	2.55% Quarterly			05/18/2047		507		5			—					5

See accompanying notes.

92

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
Exchange Cleared Interest Rate Swaps (continued)
	(Pay)/
	Receive
	Floating	Fixed   Payment					Notional		Unrealized		Upfront
Floating Rate Index	Rate	Rate     Frequency			Maturity Date		Amount		Appreciation/(Depreciation)		Payments/(Receipts)			Fair Value
3 Month LIBOR	Pay	1.74%Semiannual			07/05/2020	$	11,160	$	(87	) $	1		$	(86	)
3 Month LIBOR	Receive	1.86% Quarterly			05/31/2022		5,719		111		—			111
3 Month LIBOR	Receive	2.12% Quarterly			03/08/2022		6,219		9		—			9
3 Month LIBOR	Pay	1.65%Semiannual			03/08/2019		15,120		(38	)	—			(38	)
3 Month LIBOR	Receive	1.82% Quarterly			06/09/2022		5,524		84		1			85
3 Month LIBOR	Pay	3.72%Semiannual			06/09/2047		519		(25	)	1			(24	)
3 Month LIBOR	Receive	2.00% Quarterly			04/11/2022		5,502		36		—			36
3 Month LIBOR	Pay	1.61%Semiannual			04/11/2019		13,401		(46	)	1			(45	)
3 Month LIBOR	Pay	2.00%Semiannual			01/31/2024		5,083		(74	)	1			(73	)
3 Month LIBOR	Pay	1.58%Semiannual			08/24/2019		15,366		(94	)	—			(94	)
3 Month LIBOR	Receive	2.09% Quarterly			03/03/2022		7,419		19		1			20
3 Month LIBOR	Pay	1.74%Semiannual			04/10/2020		9,180		(60	)	1			(59	)
3 Month LIBOR	Pay	1.60%Semiannual			03/30/2019		9,437		(31	)	—			(31	)
3 Month LIBOR	Receive	1.94% Quarterly			01/10/2022		2,111		17		1			18
3 Month LIBOR	Pay	1.64%Semiannual			03/03/2019		17,740		(46	)	1			(45	)
3 Month LIBOR	Receive	1.96% Quarterly			05/22/2024		4,036		75		—			75
3 Month LIBOR	Pay	1.53%Semiannual			05/17/2019		10,297		(52	)	—			(52	)
3 Month LIBOR	Pay	1.76%Semiannual			04/07/2020		11,960		(72	)	—			(72	)
3 Month LIBOR	Receive	1.92% Quarterly			01/11/2022		2,111		19		—			19
3 Month LIBOR	Receive	1.41% Quarterly			07/18/2026		3,924		302		(1	)		301
3 Month LIBOR	Receive	2.04% Quarterly			01/31/2024		5,065		62		1			63
3 Month LIBOR	Receive	1.89% Quarterly			01/19/2022		2,111		21		—			21
3 Month LIBOR	Receive	2.21% Quarterly			03/15/2022		5,314		(12	)	—			(12	)
3 Month LIBOR	Pay	1.70%Semiannual			03/15/2019		12,902		(24	)	—			(24	)
6 Month BUBOR	Receive	0.40%Semiannual			07/20/2019	HUF	1,357,420		(21	)	1			(20	)
6 Month BUBOR	Receive	0.29%Semiannual			10/10/2019		853,000		(6	)	—			(6	)
6 Month BUBOR	Receive	0.43%Semiannual			08/10/2019		832,200		(14	)	—			(14	)
6 Month BUBOR	Receive	1.12%Semiannual			07/17/2022		688,840		(54	)	2			(52	)
6 Month BUBOR	Receive	0.88%Semiannual			09/18/2022		334,800		(10	)	1			(9	)
6 Month PRIBOR	Receive	1.13%Semiannual			11/07/2019	CZK	69,960		7		—			7
6 Month WIBOR	Receive	2.37%Semiannual			04/26/2022	PLN	6,600		8		1			9
6 Month WIBOR	Receive	2.55%Semiannual			03/10/2022		6,420		(5	)	(1	)		(6	)
6 Month WIBOR	Receive	2.23%Semiannual			06/23/2022		5,580		18		1			19
6 Month WIBOR	Receive	2.52%Semiannual			03/09/2022		7,210		(3	)	(1	)		(4	)
Brazil Cetip DI Interbank Deposit	Pay	8.89	%	Annual	01/04/2021	BRL	9,553		(17	)	(2	)		(19	)
Rate
Brazil Cetip DI Interbank Deposit	Receive	6.82	%	Annual	07/02/2018		33,693		—		—			—
Rate
Brazil Cetip DI Interbank Deposit	Pay	9.44	%	Annual	01/04/2021		9,927		15		(1	)		14
Rate
Brazil Cetip DI Interbank Deposit Receive		6.84	%	Annual	07/02/2018		29,407		(1	)	—			(1	)
Rate
Brazil Cetip DI Interbank Deposit Receive		9.44	%	Annual	01/04/2021		9,724		15		—			15
Rate
Brazil Cetip Interbank Deposit	Receive	7.15	%	Annual	07/02/2018		29,295		(7	)	1			(6	)
Brazil Cetip Interbank Deposit	Pay	9.23	%	Annual	01/04/2021		6,585		5		(1	)		4
Brazil Cetip Interbank Deposit	Receive	7.79	%	Annual	07/02/2018		29,377		(41	)	2			(39	)
Brazil Cetip Interbank Deposit	Receive	7.85	%	Annual	07/02/2018		29,652		(43	)	1			(42	)
Brazil Cetip Interbank Deposit	Pay	8.74	%	Annual	01/04/2021		8,530		(26	)	—			(26	)
Brazil Cetip Interbank Deposit	Receive	8.56	%	Annual	07/02/2018		21,780		(63	)	3			(60	)
Brazil Cetip Interbank Deposit	Receive	8.30	%	Annual	07/02/2018		35,405		(83	)	4			(79	)
Brazil Cetip Interbank Deposit	Pay	9.35	%	Annual	01/04/2021		11,853		21		(4	)		17
Brazil Cetip Interbank Deposit	Pay	9.25	%	Annual	01/04/2021		9,373		9		(2	)		7
Brazil Cetip Interbank Deposit	Receive	6.95	%	Annual	07/02/2018		52,489		(9	)	—			(9	)
Brazil Cetip Interbank Deposit	Receive	9.32	%	Annual	01/02/2019		18,343		(124	)	8			(116	)
Canada Bankers Acceptances 3	Pay	2.12%Semiannual			09/15/2021	CAD	22,700		119		(2	)		117
Month
Canada Bankers Acceptances 3	Receive	2.35% Quarterly			09/14/2027		3,900		(35	)	1			(34	)
Month
Canada Bankers Acceptances 3	Pay	2.10%Semiannual			09/14/2021		9,500		44		(1	)		43
Month
Canada Bankers Acceptances 3	Pay	2.12%Semiannual			09/18/2021		22,700		123		(3	)		120
Month
Canada Bankers Acceptances 3	Pay	2.07%Semiannual			09/19/2021		17,570		69		(1	)		68
Month
Canada Bankers Acceptances 3	Receive	2.36% Quarterly			09/19/2027		7,180		(70	)	1			(69	)
Month
Canada Bankers Acceptances 3	Receive	2.39% Quarterly			09/18/2027		9,200		(105	)	2			(103	)
Month
Canada Bankers Acceptances 3	Receive	2.37% Quarterly			09/15/2027		9,200		(91	)	1			(90	)
Month

See accompanying notes.

93

Consolidated Schedule of Investments

Global Multi-Strategy Fund

November 30, 2017 (unaudited)

Exchange Cleared Interest Rate Swaps (continued)

(Pay)/

Receive

Floating

Fixed

Payment

Notional

Unrealized

Upfront

Floating Rate Index

Rate

Rate

Frequency

Maturity Date

Amount

Appreciation/(Depreciation)

Payments/(Receipts)

Fair Value

Canada Bankers Acceptances 3

Receive

2.36%

Quarterly

09/15/2027

9,200

$

(88

)

$

1

$

(87

)

Month

Canada Bankers Acceptances 3

Pay

2.11%

Semiannual

09/15/2021

22,700

116

(3

)

113

Month

Euribor 6 Month

Receive

(0.12)%

Semiannual

05/10/2019

EUR 3,000

(6

)

—

(6

)

Euribor 6 Month

Receive

(0.12)%

Semiannual

05/10/2019

2,812

(6

)

—

(6

)

ICE LIBOR JPY 6 Month

Receive

0.50%

Semiannual

02/01/2037

JPY 556,500

186

6

192

Total

$

447

$

24

$

471

Amounts in thousands

Total Return Swaps

Pay/Receive

Value and Unrealized

Positive

Payment

Expiration

Notional

Upfront

Appreciation/(Depreciation)

Counterparty

Reference Entity

Contracts

Return

Financing Rate

Frequency

Date

Amount

Payments/(Receipts)

Asset

Liability

HSBC Securities

Digicel

8,000,000

Receive

3 month LIBOR

Annual

01/04/2018

$

8,010

$

—

$

— $

(6

)

Inc

International

plus 1.10%

Finance Ltd

Term Loan,

5.07

%,

05/10/2024

HSBC Securities

Egypt Treasury

52,750,000

Receive

3 month LIBOR

Quarterly

01/17/2018

$

2,889

—

27

—

Inc

Bills, 0.00%,

plus 1.10%

01/16/2018

HSBC Securities

Egypt Treasury

152,000,000

Receive

3 month LIBOR

Quarterly

02/27/2018

8,228

—

15

—

Inc

Bills, 0.00%,

plus 1.10%

02/27/2018

HSBC Securities

Egypt Treasury

159,000,000

Receive

Interpolated 2

Quarterly

12/12/2017

8,658

—

263

—

Inc

Bills, 0.00%,

month and 3

12/12/2017

month LIBOR

plus 1.10%

HSBC Securities

Egypt Treasury

80,000,000

Receive

3 month LIBOR

Quarterly

12/26/2017

4,363

—

96

—

Inc

Bills, 0.00%,

plus 1.10%

12/26/2017

Morgan Stanley

MSCI China Net

4,019

Receive

1 month HIBOR

Monthly

12/20/2017

HKD

2,384

—

—

—

& Co

Return HKD

minus .40%

Index

Morgan Stanley

MSCI Japan Net

7,855

Receive

ICE LIBOR JPY

Monthly

12/20/2017

JPY

15,617

—

2

—

& Co

Return JPY

1 Month minus

Index

.05

%

Morgan Stanley

MSCI Japan Net

187,342

Receive

ICE LIBOR JPY

Monthly

12/20/2017

369,056

—

81

—

& Co

Return JPY

1 Month plus

Index

.15

%

Morgan Stanley

MSCI Mexico

2,039

Pay

MXN TIIE

Monthly

12/20/2017

MXN

2,028

—

1

—

& Co

Net Return

Banxico minus

MXN Index

.20

%

Morgan Stanley

MSCI

1,053

Pay

Euribor 1 Month

Monthly

12/20/2017

EUR

239

—

—

—

& Co

Netherlands Net

minus .05%

Return EUR

Index

Morgan Stanley

MSCI South

31,354

Pay

SAFE South

Monthly

12/20/2017

ZAR

32,390

—

—

(78

)

& Co

Africa Net

Africa

Return ZAR

Johannesburg

Index

Interbank

Agreed Rate 1

Month minus

.30

%

Morgan Stanley

MSCI

796

Pay

ICE LIBOR

Monthly

12/20/2017

CHF

2,084

—

—

(51

)

& Co

Switzerland Net

CHF 1 Month

Return CHF

minus .75%

Index

Morgan Stanley

MSCI Turkey

88

Receive

1 Month

Monthly

12/20/2017

TRY

116

—

—

(1

)

& Co

Net Return TRY

TRLIBOR plus

Index

.41

%

Total

$

—

$

485

$

(136

)

Amounts in thousands except contracts

See accompanying notes.

94

Consolidated Schedule of Investments

Global Multi-Strategy Fund

November 30, 2017 (unaudited)

Total Return Equity Basket Swaps

Payment

Expiration

Notional

Upfront

Value and Unrealized Appreciation/(Depreciation)

Counterparty

Fund Pays

Fund Receives

Frequency

Date

Amount

Payments/(Receipts)

Asset

Liability

Bank of America

Floating rate

Total return on a

Monthly

12/27/2018

$

3,713

$

—

$

39

$

—

NA

based on 1 month

custom basket of

Euribor plus/less

long and short

spread

securities traded in

EUR

Deutsche Bank AG

Floating rate

Total return on a

Monthly

03/22/2018

293

—

9

—

based on 1 month

custom basket of

LIBOR plus/less

long and short

spread

securities traded in

MYR

Deutsche Bank AG

Floating rate

Total return on a

Monthly

03/20/2018-

9,993

—

69

—

based on 1 month

custom basket of

04/19/2018

LIBOR plus/less

long and short

spread

securities traded in

KRW

Deutsche Bank AG

Floating rate

Total return on a

Monthly

03/24/2018

1,842

—

89

—

based on the 1

custom basket of

month South

long and short

Africa

securities traded in

Johannesburg

ZAR

Interbank Agreed

Rate plus/less

spread

Deutsche Bank AG

Floating rate

Total return on a

Monthly

03/21/2018

1,556

—

—

(30

)

based on 1 month

custom basket of

LIBOR plus/less

long and short

spread

securities traded in

TWD

Deutsche Bank AG

Floating rate

Total return on a

Monthly

07/20/2022

155

—

2

—

based on 1 month

custom basket of

SIBOR plus/less

long and short

spread

securities traded in

SGD

Deutsche Bank AG

Floating rate

Total return on a

Monthly

03/22/2018

358

—

93

—

based on 1 week

custom basket of

LIBOR plus/less

long and short

spread

securities traded in

IDR

Deutsche Bank AG

Floating rate

Total return on a

Monthly

03/18/2021

1,299

—

—

(1

)

based on 1 month

custom basket of

LIBOR plus/less

long and short

spread

securities traded in

USD

Deutsche Bank AG

Floating rate

Total return on a

Monthly

01/20/2022

1,095

—

48

—

based on the

custom basket of

Poland Warsaw

long and short

Interbank

securities traded in

Offer/Bid Spot

PLN

Week Rate

plus/less spread

Deutsche Bank AG

Floating rate

Total return on a

Monthly

06/15/2022

2

—

—

—

based on 1 month

custom basket of

LIBOR plus/less

long and short

spread

securities traded in

CLP

Deutsche Bank AG

Floating rate

Total return on a

Monthly

03/20/2018

910

—

37

—

based on 28 day

custom basket of

Mexico Interbank

long and short

TIIE Rate

securities traded in

plus/less spread

MXN

Deutsche Bank AG

Floating rate

Total return on a

Monthly

03/22/2018

2,033

—

225

—

based on 1 month

custom basket of

LIBOR plus/less

long and short

spread

securities traded in

BRL

Deutsche Bank AG

Floating rate

Total return on a

Monthly

01/19/2018-

25,645

—

538

—

based on 1 week

custom basket of

05/21/2018

LIBOR plus/less

long and short

spread

securities traded in

GBP

See accompanying notes.

95

Consolidated Schedule of Investments

Global Multi-Strategy Fund

November 30, 2017 (unaudited)

Total Return Equity Basket Swaps (continued)

Payment

Expiration

Notional

Upfront

Value and Unrealized Appreciation/(Depreciation)

Counterparty

Fund Pays

Fund Receives

Frequency

Date

Amount

Payments/(Receipts)

Asset

Liability

Deutsche Bank AG

Floating rate

Total return on a

Monthly

05/23/2022

$

148

$

—

$

3

$

—

based on the

custom basket of

Overnight RBA

long and short

Cash Rate

securities traded in

plus/less spread

AUD

Deutsche Bank AG

Floating rate

Total return on a

Monthly

01/19/2022

9,133

—

297

—

based on 1 week

custom basket of

HIBOR plus/less

long and short

spread

securities traded in

HKD

Deutsche Bank AG

Floating rate

Total return on a

Monthly

08/19/2022

10,276

—

498

—

based on 1 week

custom basket of

EUR LIBOR

long and short

plus/less spread

securities traded in

EUR

Morgan Stanley &

Floating rate

Total return on a

Monthly

11/28/2019

2,426

—

—

(155

)

Co

based on 1 month

custom basket of

LIBOR plus/less

long and short

spread

securities traded in

JPY

Morgan Stanley &

Floating rate

Total return on a

Monthly

02/21/2019

1,648

—

190

—

Co

based on the

custom basket of

Federal Funds

long and short

Rate plus/less

securities traded in

spread

GBP

Morgan Stanley &

Floating rate

Total return on a

Monthly

08/22/2018-

81,763

—

—

(3,349

)

Co(a)

based on 1 month

custom basket of

10/11/2018

LIBOR plus/less

long and short

spread

securities traded in

USD

Morgan Stanley &

Floating rate

Total return on a

Monthly

09/16/2019

306,618

—

5,348

—

Co(b)

based on the

custom basket of

Federal Funds

long and short

Rate plus/less

securities traded in

spread

USD

Morgan Stanley &

Floating rate

Total return on a

Monthly

02/21/2019

649

—

—

(7

)

Co

based on 1 month

custom basket of

LIBOR plus/less

long and short

spread

securities traded in

HKD

Morgan Stanley &

Floating rate

Total return on a

Monthly

07/24/2019-

1,886

—

184

—

Co

based on 1 month

custom basket of

07/25/2019

LIBOR plus/less

long and short

spread

securities traded in

GBP

Morgan Stanley &

Floating rate

Total return on a

Monthly

02/21/2019

729

—

12

—

Co

based on the

custom basket of

Federal Funds

long and short

Rate plus/less

securities traded in

spread

EUR

Morgan Stanley &

Floating rate

Total return on a

Monthly

09/11/2019

1,033

—

—

(89

)

Co

based on 1 month

custom basket of

Bankers

long and short

Acceptance

securities traded in

plus/less spread

CAD

Morgan Stanley &

Floating rate

Total return on a

Monthly

10/09/2019

1,907

—

90

—

Co

based on 1 month

custom basket of

Euribor plus/less

long and short

spread

securities traded in

EUR

Morgan Stanley &

Floating rate

Total return on a

Monthly

12/17/2018

3,020

—

152

—

Co

based on 1 week

custom basket of

LIBOR plus/less

long and short

spread

securities traded in

SEK

Morgan Stanley &

Floating rate

Total return on a

Monthly

03/05/2018

6,544

—

643

—

Co

based on 1 day

custom basket of

TOIS

long and short

securities traded in

CHF

See accompanying notes.

96

Consolidated Schedule of Investments

Global Multi-Strategy Fund

November 30, 2017 (unaudited)

Total Return Equity Basket Swaps (continued)

Payment

Expiration

Notional

Upfront

Value and Unrealized Appreciation/(Depreciation)

Counterparty

Fund Pays

Fund Receives

Frequency

Date

Amount

Payments/(Receipts)

Asset

Liability

Morgan Stanley &

Floating rate

Total return on a

Monthly

02/21/2019

$

112,219

$

—

$

—

$

(4,809

)

Co(c)

based on the

custom basket of

Federal Funds

long and short

Rate plus/less

securities traded in

spread

USD

Morgan Stanley &

Floating rate

Total return on a

Monthly

12/17/2018

3,735

—

—

(161

)

Co

based on 1 week

custom basket of

LIBOR plus/less

long and short

spread

securities traded in

DKK

Morgan Stanley &

Floating rate

Total return on a

Monthly

10/23/2018

230

—

—

(8

)

Co

based on 1 day

custom basket of

RBACR plus/less

long and short

spread

securities traded in

AUD

Morgan Stanley &

Floating rate

Total return on a

Monthly

08/23/2018

55,825

—

956

—

Co(d)

based on the

custom basket of

Bank of Japan

long and short

Estimate

securities traded in

Unsecured

JPY

Overnight Call

Rate plus/less

spread

Morgan Stanley &

Floating rate

Total return on a

Monthly

12/17/2018

1,452

—

—

(116

)

Co

based on 1 week

custom basket of

LIBOR plus/less

long and short

spread

securities traded in

NOK

Morgan Stanley &

Floating rate

Total return on a

Monthly

12/17/2018

27,808

—

1,938

—

Co

based on 1 day

custom basket of

EONIA plus/less

long and short

spread

securities traded in

EUR

Morgan Stanley &

Floating rate

Total return on a

Monthly

10/09/2018

5,028

—

10

—

Co

based on 1 day

custom basket of

SONIA plus/less

long and short

spread

securities traded in

GBP

Total

$

682,971

$

—

$

11,470

$

(8,725

)

The expiration dates are measured from the commencement of investment in each underlying swap position.

The Fund pays a floating rate based on the reference rate plus/less a spread. The spread is negotiated at the security level and is usually similar within a region but may vary depending on how difficult it is to borrow the security.

Notional Amount represents the total absolute value of the underlying securities.

Amounts in thousands

(a)
Top Underlying Securities
Description	Shares		Notional Amount		% of Total Absolute Notional Amount
NXP Semiconductors NV	146,031	$	16,558		20.25	%
VMware Inc	(90,161	)	(10,829	)	(13.25	)%
Time Warner Inc	88,350		8,085		9.89	%
Alibaba Group Holding Ltd	(45,614	)	(8,077	)	(9.88	)%
Altaba Inc	88,063		6,170		7.55	%
VanEck Vectors Semiconductor ETF	(56,541	)	(5,668	)	(6.93	)%
Transocean Ltd	(519,585	)	(5,269	)	(6.44	)%
iShares iBoxx $ High Yield Corporate Bond ETF	(45,758	)	(4,017	)	(4.91	)%
Becton Dickinson and Co	(14,905	)	(3,401	)	(4.16	)%
United Technologies Corp	(19,477	)	(2,365	)	(2.89	)%
Vantiv Inc	(22,203	)	(1,665	)	(2.04	)%
Sinclair Broadcast Group Inc	(48,045	)	(1,636	)	(2.00	)%
AT&T Inc	(44,175	)	(1,607	)	(1.96	)%
Ashland Global Holdings Inc	21,426		1,585		1.94	%
Marriott Vacations Worldwide Corp	(8,004	)	(1,075	)	(1.31	)%
Henry Schein Inc	(14,433	)	(1,031	)	(1.26	)%
Express Scripts Holding Co	(10,026	)	(653	)	(0.80	)%
iShares U.S. Real Estate ETF	(6,330	)	(519	)	(0.64	)%
CenturyLink Inc	34,966		510		0.62	%
CVS Health Corp	(6,386	)	(489	)	(0.60	)%
Omega Healthcare Investors Inc	(15,810	)	(424	)	(0.52	)%
Discovery Communications Inc - C Shares	(7,071	)	(128	)	(0.16	)%

See accompanying notes.

97

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
(b)
Top Underlying Securities
Description	Shares		Notional Amount		% of Total Absolute Notional Amount
TransDigm Group Inc	(8,168	) $	(2,318	)	(0.76	)%
Exelon Corp	44,401		1,852		0.60	%
Square Inc	(45,152	)	(1,771	)	(0.58	)%
Fastenal Co	(32,652	)	(1,711	)	(0.56	)%
WellCare Health Plans Inc	7,756		1,652		0.54	%
Boeing Co/The	5,965		1,651		0.54	%
Western Digital Corp	20,749		1,636		0.53	%
Wabtec Corp/DE	(20,712	)	(1,593	)	(0.52	)%
Copart Inc	(35,022	)	(1,512	)	(0.49	)%
American Electric Power Co Inc	19,054		1,479		0.48	%
Cigna Corp	6,914		1,464		0.48	%
Arista Networks Inc	(6,207	)	(1,447	)	(0.47	)%
Envision Healthcare Corp	(44,848	)	(1,432	)	(0.47	)%
Huntington Ingalls Industries Inc	5,911		1,429		0.47	%
Gilead Sciences Inc	18,798		1,406		0.46	%
Sensata Technologies Holding NV	(27,887	)	(1,393	)	(0.45	)%
LyondellBasell Industries NV	12,645		1,324		0.43	%
Humana Inc	5,044		1,316		0.43	%
Splunk Inc	(15,754	)	(1,262	)	(0.41	)%
Coty Inc	(70,796	)	(1,220	)	(0.40	)%
Anthem Inc	5,174		1,216		0.40	%
Ball Corp	(30,005	)	(1,198	)	(0.39	)%
Cheniere Energy Inc	(24,701	)	(1,194	)	(0.39	)%
Edison International	14,669		1,192		0.39	%
Aflac Inc	13,238		1,160		0.38	%
Zillow Group Inc - C Shares	(27,031	)	(1,109	)	(0.36	)%
Garmin Ltd	(17,825	)	(1,107	)	(0.36	)%
Lockheed Martin Corp	3,467		1,106		0.36	%
Southern Co/The	(21,522	)	(1,102	)	(0.36	)%
Centene Corp	10,364		1,058		0.35	%
Primerica Inc	(9,974	)	(1,037	)	(0.34	)%
Ultimate Software Group Inc/The	(4,906	)	(1,035	)	(0.34	)%
Halliburton Co	24,622		1,029		0.34	%
Snyder's-Lance Inc	(26,218	)	(1,014	)	(0.33	)%
BioMarin Pharmaceutical Inc	(11,807	)	(1,013	)	(0.33	)%
Guidewire Software Inc	(13,476	)	(1,002	)	(0.33	)%
Chemours Co/The	19,464		1,000		0.33	%
ServiceNow Inc	(8,051	)	(990	)	(0.32	)%
NVR Inc	281		976		0.32	%
Universal Display Corp	(5,348	)	(968	)	(0.32	)%
Owens Corning	10,873		961		0.31	%
Hess Corp	(20,847	)	(956	)	(0.31	)%
Exelixis Inc	35,042		949		0.31	%
L Brands Inc	(16,665	)	(934	)	(0.30	)%
Reinsurance Group of America Inc	5,675		920		0.30	%
Archer-Daniels-Midland Co	23,031		918		0.30	%
Spirit AeroSystems Holdings Inc	10,868		916		0.30	%
Curtiss-Wright Corp	7,358		914		0.30	%
Marsh & McLennan Cos Inc	(10,751	)	(902	)	(0.30	)%
KB Home	28,606		897		0.29	%
(c)
Top Underlying Securities
Description	Shares		Notional Amount		% of Total Absolute Notional Amount
Blackstone Group LP/The	44,505	$	1,412		1.26	%
Discovery Communications	(67,323	)	(1,280	)	(1.14	)%
United Continental Holdings Inc	(19,904	)	(1,260	)	(1.12	)%
CenturyLink Inc	(86,353	)	(1,260	)	(1.12	)%
Zions Bancorporation	(25,337	)	(1,255	)	(1.12	)%
Hormel Foods Corp	(34,410	)	(1,254	)	(1.12	)%
Charles Schwab Corp/The	(25,696	)	(1,254	)	(1.12	)%
Interpublic Group of Cos Inc	(63,301	)	(1,252	)	(1.12	)%
Hess Corp	(27,288	)	(1,252	)	(1.12	)%
Signature Bank/New York NY	(9,092	)	(1,248	)	(1.11	)%
Middleby Corp/The	(9,783	)	(1,248	)	(1.11	)%
National Oilwell Varco Inc	(37,184	)	(1,248	)	(1.11	)%
Alaska Air Group Inc	(17,995	)	(1,245	)	(1.11	)%
Wabtec Corp/DE	(16,176	)	(1,244	)	(1.11	)%
Goldman Sachs Group Inc/The	(5,002	)	(1,239	)	(1.10	)%
Franklin Resources Inc	(28,561	)	(1,238	)	(1.10	)%
Vulcan Materials Co	(9,831	)	(1,235	)	(1.10	)%
Oshkosh Corp	(13,714	)	(1,235	)	(1.10	)%
Goodyear Tire & Rubber Co/The	(38,075	)	(1,232	)	(1.10	)%
CIT Group Inc	(24,703	)	(1,231	)	(1.10	)%
Eaton Vance Corp	(22,262	)	(1,231	)	(1.10	)%
AMERCO	(3,318	)	(1,230	)	(1.10	)%
Enbridge Inc	(32,427	)	(1,223	)	(1.09	)%
Tyler Technologies Inc	(6,673	)	(1,221	)	(1.09	)%

See accompanying notes.

98

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
Top Underlying Securities (continued)
Description	Shares		Notional Amount		% of Total Absolute Notional Amount
Aqua America Inc	(32,100	) $	(1,219	)	(1.09	)%
Pioneer Natural Resources Co	(7,811	)	(1,219	)	(1.09	)%
TransDigm Group Inc	(4,293	)	(1,218	)	(1.09	)%
AO Smith Corp	(19,165	)	(1,215	)	(1.08	)%
International Paper Co	(21,369	)	(1,210	)	(1.08	)%
Invesco Ltd	(33,413	)	(1,209	)	(1.08	)%
International Flavors & Fragrances Inc	(7,765	)	(1,207	)	(1.08	)%
Roper Technologies Inc	(4,513	)	(1,206	)	(1.07	)%
CBOE Holdings Inc	(9,760	)	(1,205	)	(1.07	)%
Cheniere Energy Inc	(24,923	)	(1,204	)	(1.07	)%
Hologic Inc	(28,848	)	(1,204	)	(1.07	)%
Henry Schein Inc	(16,828	)	(1,202	)	(1.07	)%
KKR & Co LP	(60,345	)	(1,202	)	(1.07	)%
McCormick & Co	(11,747	)	(1,200	)	(1.07	)%
American International Group	(20,016	)	(1,200	)	(1.07	)%
Macerich Co/The	(18,432	)	(1,193	)	(1.06	)%
Dominion Energy Inc	(14,177	)	(1,193	)	(1.06	)%
Coty Inc	(69,184	)	(1,192	)	(1.06	)%
Western Union Co/The	(60,376	)	(1,189	)	(1.06	)%
SL Green Realty Corp	(11,621	)	(1,188	)	(1.06	)%
General Electric Co	(64,908	)	(1,187	)	(1.06	)%
MercadoLibre Inc	(4,314	)	(1,187	)	(1.06	)%
Kilroy Realty Corp	(15,701	)	(1,184	)	(1.05	)%
Regency Centers Corp	(17,445	)	(1,183	)	(1.05	)%
Symantec Corp	(40,781	)	(1,181	)	(1.05	)%
Celanese Corp	(11,009	)	(1,181	)	(1.05	)%
Nordson Corp	(9,184	)	(1,179	)	(1.05	)%
CBS Corp	(21,017	)	(1,178	)	(1.05	)%
Alexandria Real Estate Equities Inc	(9,244	)	(1,175	)	(1.05	)%
LogMeIn Inc	(9,846	)	(1,172	)	(1.04	)%
Commscope Holding Co Inc	(32,490	)	(1,169	)	(1.04	)%
Hasbro Inc	(12,552	)	(1,168	)	(1.04	)%
Vail Resorts Inc	(5,174	)	(1,165	)	(1.04	)%
Digital Realty Trust Inc	(9,962	)	(1,163	)	(1.04	)%
Priceline Group Inc/The	(667	)	(1,160	)	(1.03	)%
Albemarle Corp	(8,633	)	(1,160	)	(1.03	)%
Open Text Corp	(35,533	)	(1,159	)	(1.03	)%
Analog Devices Inc	(13,449	)	(1,158	)	(1.03	)%
Southern Copper Corp	(27,250	)	(1,146	)	(1.02	)%
Global Payments Inc	(11,321	)	(1,138	)	(1.01	)%
Expedia Inc	(9,284	)	(1,137	)	(1.01	)%
(d)
Top Underlying Securities
Description	Shares		Notional Amount		% of Total Absolute Notional Amount
Hitachi Ltd	159,000	$	1,191		2.14	%
Calbee Inc	(25,800	)	(904	)	(1.62	)%
FamilyMart UNY Holdings Co Ltd	(13,300	)	(898	)	(1.61	)%
Alps Electric Co Ltd	(27,600	)	(887	)	(1.59	)%
Taisei Corp	15,500		816		1.46	%
NGK Spark Plug Co Ltd	(31,800	)	(739	)	(1.32	)%
Kajima Corp	70,000		737		1.32	%
DeNA Co Ltd	(32,100	)	(729	)	(1.31	)%
Murata Manufacturing Co Ltd	(4,600	)	(626	)	(1.12	)%
Haseko Corp	39,800		621		1.11	%
Shimano Inc	(4,400	)	(609	)	(1.09	)%
Square Enix Holdings Co Ltd	13,300		607		1.09	%
Resona Holdings Inc	112,200		597		1.07	%
Ricoh Co Ltd	(64,800	)	(577	)	(1.03	)%
Sony Financial Holdings Inc	(33,900	)	(577	)	(1.03	)%
Sumitomo Metal Mining Co Ltd	(14,700	)	(575	)	(1.03	)%
Yaskawa Electric Corp	(12,800	)	(571	)	(1.02	)%
Nidec Corp	(4,100	)	(560	)	(1.00	)%
Obayashi Corp	43,100		560		1.00	%
Fujitsu Ltd	74,000		554		0.99	%
Hitachi High-Technologies Corp	13,100		546		0.98	%
Kansai Paint Co Ltd	(20,700	)	(544	)	(0.97	)%
Aozora Bank Ltd	13,500		526		0.94	%
Mitsubishi Gas Chemical Co Inc	18,200		511		0.92	%
M3 Inc	(15,400	)	(510	)	(0.91	)%
Kakaku.com Inc	(32,136	)	(510	)	(0.91	)%
Casio Computer Co Ltd	(34,200	)	(503	)	(0.90	)%
Nexon Co Ltd	17,200		497		0.89	%
Nippon Electric Glass Co Ltd	12,500		488		0.87	%
Bank of Kyoto Ltd/The	(9,300	)	(476	)	(0.85	)%
Shikoku Electric Power Co Inc	(35,193	)	(474	)	(0.85	)%
Konami Holdings Corp	8,600		456		0.82	%
Nippon Paint Holdings Co Ltd	(14,600	)	(449	)	(0.80	)%
Chugoku Electric Power Co Inc/The	(40,300	)	(445	)	(0.80	)%
Kirin Holdings Co Ltd	19,000		445		0.80	%
Kamigumi Co Ltd	19,500		430		0.77	%

See accompanying notes.

99

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
Top Underlying Securities (continued)
Description	Shares			Notional Amount		% of Total Absolute Notional Amount
Santen Pharmaceutical Co Ltd	(27,900	)	$	(425	)	(0.76	)%
AEON Financial Service Co Ltd	(18,400	)		(410	)	(0.73	)%
Lion Corp	21,700			406		0.73	%
Yahoo Japan Corp	(88,400	)		(406	)	(0.73	)%
Hokuriku Electric Power Co	(45,500	)		(401	)	(0.72	)%
Bandai Namco Holdings Inc	12,100			395		0.71	%
Kikkoman Corp	(9,900	)		(389	)	(0.69	)%
Yamato Holdings Co Ltd	(18,600	)		(379	)	(0.68	)%
Asics Corp	(25,519	)		(379	)	(0.68	)%
Tosoh Corp	17,000			378		0.68	%
Seven Bank Ltd	(110,400	)		(372	)	(0.67	)%
Sysmex Corp	(4,800	)		(365	)	(0.66	)%
Odakyu Electric Railway Co Ltd	(16,900	)		(360	)	(0.64	)%
Yamada Denki Co Ltd	(65,630	)		(357	)	(0.64	)%

Synthetic Futures
				Notional		Upfront		Unrealized		Fair Value
Counterparty	Reference Entity	Expiration Date		Amount		Payments/(Receipts)		Appreciation/(Depreciation)		Asset	Liability
Bank of America NA	BIST 30 Index Future; December	01/01/2018	$	102	$	—	$	(5	) $	— $	(5	)
	2017
Bank of America NA	Canada 10 Year Bond Future; March	03/21/2018		(5,722	)	—		(25	)	—	(25	)
	2018
Bank of America NA	Euro Bund 10 Year Bund Future;	03/09/2018		27,450		—		(83	)	—	(83	)
	March 2018
Bank of America NA	Euro Buxl 30 Year Bond Future;	03/09/2018		(591	)	—		(3	)	—	(3	)
	March 2018
Bank of America NA	Euro-Bobl 5 Year Future; March	03/09/2018		11,166		—		(24	)	—	(24	)
	2018
Bank of America NA	Euro-BTP Future; March 2018	03/09/2018		4,139		—		7		7	—
Bank of America NA	Euro-OAT Future; March 2018	03/09/2018		4,098		—		8		8	—
Bank of America NA	Euro-Schatz 2 Year Future; March	03/09/2018		15,871		—		(6	)	—	(6	)
	2018
Bank of America NA	FTSE China A50 Index Future;	12/29/2017		39		—		(1	)	—	(1	)
	December 2017
Bank of America NA	HSCEI China Index Future;	12/29/2017		1,475		—		(36	)	—	(36	)
	December 2017
Bank of America NA	Japan 10 Year Bond TSE Future;	12/14/2017		(29,503	)	—		(14	)	—	(14	)
	December 2017
Bank of America NA	MSCI Taiwan Index Future;	12/29/2017		510		—		(19	)	—	(19	)
	December 2017
Bank of America NA	Nordic Exchange Stockholm Index	12/16/2017		19		—		—		—	—
	Future; December 2017
Bank of America NA	Taiwan TAIEX Index Future;	12/21/2017		1,692		—		(23	)	—	(23	)
	December 2017
Bank of America NA	Tel Aviv 25 Index Future; December	12/28/2017		(125	)	—		(4	)	—	(4	)
	2017
Bank of America NA	UK 10 Year Gilt Future; March 2018	03/28/2018		(32,261	)	—		165		165	—
Bank of America NA	US 10 Year Note Future; March 2018	03/21/2018		13,521		—		(45	)	—	(45	)
Bank of America NA	US 2 Year Note Future; March 2018	03/30/2018		(37,092	)	—		16		16	—
Bank of America NA	US 5 Year Note Future; March 2018	03/30/2018		(9,773	)	—		21		21	—
Bank of America NA	US Long Bond Future; March 2018	03/21/2018		152		—		(2	)	—	(2	)
Citigroup Inc(a)	Brent Crude Future; February 2018	12/29/2017		4,447		—		(50	)	—	(50	)
Citigroup Inc(a)	Cocoa Future; March 2018	03/15/2018		(40	)	—		3		3	—
Citigroup Inc(a)	Coffee 'C' Future; March 2018	03/20/2018		(337	)	—		3		3	—
Citigroup Inc(a)	Copper Future; March 2018	03/28/2018		919		—		(4	)	—	(4	)
Citigroup Inc(a)	Corn Future; March 2018	03/15/2018		(1,156	)	—		3		3	—
Citigroup Inc(a)	Cotton No.2 Future; March 2018	03/08/2018		36		—		2		2	—
Citigroup Inc(a)	Gasoline RBOB Future; January 2018	01/02/2018		727		—		(24	)	—	(24	)
Citigroup Inc(a)	LME Copper Future; March 2018	03/20/2018		(339	)	—		1		1	—
Citigroup Inc(a)	LME Nickel Future; March 2018	03/20/2018		134		—		(3	)	—	(3	)
Citigroup Inc(a)	LME PRI Alum Future; March 2018	03/20/2018		205		—		(3	)	—	(3	)
Citigroup Inc(a)	LME Zinc Future; March 2018	03/20/2018		316		—		3		3	—
Citigroup Inc(a)	Low Sulphur Gasoline Future;	01/12/2018		2,009		—		(20	)	—	(20	)
	January 2018
Citigroup Inc(a)	NY Harb ULSD Future; January	01/02/2018		717		—		(13	)	—	(13	)
	2018
Citigroup Inc(a)	Platinum Future; January 2018	01/30/2018		(47	)	—		1		1	—
Citigroup Inc(a)	Silver Future; March 2018	03/28/2018		741		—		(32	)	—	(32	)
Citigroup Inc(a)	Soybean Future; January 2018	01/13/2018		(1,922	)	—		8		8	—
Citigroup Inc(a)	Soybean Meal Future; January 2018	01/13/2018		261		—		(1	)	—	(1	)
Citigroup Inc(a)	Soybean Oil Future; January 2018	01/13/2018		(61	)	—		—		—	—
Citigroup Inc(a)	Sugar #11 Future; March 2018	03/01/2018		(135	)	—		(9	)	—	(9	)
Citigroup Inc(a)	Wheat Future; March 2018	03/15/2018		(476	)	—		12		12	—

See accompanying notes.

100

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
Synthetic Futures (continued)
				Notional		Upfront		Unrealized			Fair Value
Counterparty	Reference Entity	Expiration Date		Amount		Payments/(Receipts)		Appreciation/(Depreciation)			Asset		Liability
Citigroup Inc(a)	WTI Crude Future; January 2018	12/20/2017	$	2,468	$	—	$	14		$	14	$	—
Merrill Lynch(a)	Brent Crude Future; February 2018	12/29/2017		501		—		(6	)		—		(6	)
Merrill Lynch(a)	Cocoa Future; March 2018	03/15/2018		(40	)	—		3			3		—
Merrill Lynch(a)	Coffee 'C' Future; March 2018	03/20/2018		(386	)	—		3			3		—
Merrill Lynch(a)	Copper Future; March 2018	03/28/2018		153		—		(1	)		—		(1	)
Merrill Lynch(a)	Gasoline RBOB Future; January 2018	01/02/2018		145		—		(5	)		—		(5	)
Merrill Lynch(a)	Gold 100 oz Future; February 2018	02/27/2018		5,107		—		(60	)		—		(60	)
Merrill Lynch(a)	KC HRW Wheat Future; March 2018	03/15/2018		(237	)	—		6			6		—
Merrill Lynch(a)	Lean Hogs Future; February 2018	02/15/2018		112		—		(1	)		—		(1	)
Merrill Lynch(a)	Live Cattle Future; February 2018	03/01/2018		550		—		(12	)		—		(12	)
Merrill Lynch(a)	Low Sulphur Gasoline Future;	01/12/2018		56		—		(1	)		—		(1	)
	January 2018
Merrill Lynch(a)	Natural Gas Future; January 2018	12/28/2017		(2,087	)	—		110			110		—
Merrill Lynch(a)	NY Harb ULSD Future; January	01/02/2018		717		—		(13	)		—		(13	)
	2018
Merrill Lynch(a)	Palladium Future; March 2018	03/28/2018		401		—		10			10		—
Merrill Lynch(a)	Silver Future; March 2018	03/28/2018		165		—		(7	)		—		(7	)
Merrill Lynch(a)	Soybean Future; January 2018	01/13/2018		(1,281	)	—		5			5		—
Merrill Lynch(a)	Wheat Future; March 2018	03/15/2018		(260	)	—		7			7		—
Merrill Lynch(a)	WTI Crude Future; January 2018	12/20/2017		631		—		4			4		—
Morgan Stanley & Co	BIST 30 Index Future; December	01/01/2018		266		—		(13	)		—		(13	)
	2017
Morgan Stanley & Co	Bovespa Index Future; December	12/14/2017		110		—		(9	)		—		(9	)
	2017
Morgan Stanley & Co	FTSE China A50 Index Future;	12/29/2017		380		—		(8	)		—		(8	)
	December 2017
Morgan Stanley & Co	Hang Seng Index Future; December	12/29/2017		938		—		(15	)		—		(15	)
	2017
Morgan Stanley & Co	HSCEI China Index Future;	12/29/2017		1,770		—		(43	)		—		(43	)
	December 2017
Morgan Stanley & Co	KOSPI 200 Index Future; December	12/15/2017		5,311		—		224			224		—
	2017
Morgan Stanley & Co	MSCI Singapore Index Future;	12/29/2017		29		—		—			—		—
	December 2017
Morgan Stanley & Co	MSCI Taiwan Index Future;	12/29/2017		78		—		(3	)		—		(3	)
	December 2017
Morgan Stanley & Co	SGX CNX Nifty Index Future;	12/29/2017		(946	)	—		14			14		—
	December 2017
Morgan Stanley & Co	Swiss Market Index Future;	12/18/2017		(9,492	)	—		(333	)		—		(258	)
	December 2017
Morgan Stanley & Co	WIG 20 Index Future; December	12/18/2017		371		—		(14	)		—		(14	)
	2017
Total				$		—	$	(340	)	$	653	$	(918	)

Amounts in thousands

(a)      All or a portion of this security is owned by the GMS Cayman Corporation, which is a 100% owned subsidiary of the fund.

See accompanying notes.

101

	Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
Reverse Repurchase Agreements
Counterparty	Coupon Rate		Maturity Date		Principal Amount		Payable for Reverse Repurchase Agreements
Barclays Bank PLC	(1.10	%)	Open ended	$	9,729	$	(9,747	)
Barclays Bank PLC	(1.10	%)	Open ended		4,864		(4,873	)
Barclays Bank PLC	(1.10	%)	Open ended		4,864		(4,873	)
Barclays Bank PLC	(1.25	%)	Open ended		4,871		(4,873	)
Merrill Lynch	(1.50	%)	Open ended		2,531		(2,533	)
Merrill Lynch	(1.50	%)	Open ended		3,544		(3,547	)
Merrill Lynch	(1.17	%)	12/01/2017		5,015		(5,015	)
Merrill Lynch	(1.17	%)	12/01/2017		23,272		(23,273	)
Merrill Lynch	(1.17	%)	12/01/2017		12,195		(12,195	)
Merrill Lynch	(1.17	%)	12/01/2017		6,801		(6,801	)
Merrill Lynch	(1.17	%)	12/01/2017		24,556		(24,557	)
Merrill Lynch	(1.17	%)	12/01/2017		14,494		(14,494	)
Merrill Lynch	(1.14	%)	12/01/2017		4,844		(4,844	)
Merrill Lynch	(1.17	%)	12/01/2017		14,899		(14,899	)
Merrill Lynch	(1.17	%)	12/01/2017		14,307		(14,307	)
Merrill Lynch	(1.17	%)	12/01/2017		1,435		(1,435	)
Merrill Lynch	(1.17	%)	12/01/2017		3,163		(3,163	)
Merrill Lynch	(1.17	%)	12/01/2017		3,092		(3,092	)
Merrill Lynch	(1.17	%)	12/01/2017		2,655		(2,655	)
Merrill Lynch	(1.00	%)	12/01/2017		77,965		(77,967	)
Merrill Lynch	(1.17	%)	12/01/2017		49		(49	)
Merrill Lynch	(1.17	%)	12/01/2017		24,682		(24,683	)
Merrill Lynch	(1.17	%)	12/01/2017		8,203		(8,202	)
Total						$	(272,079	)
Amounts in thousands

See accompanying notes.

102

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
Short Sales Outstanding
COMMON STOCKS - (11.75)%	Shares	Value (000's)			COMMON STOCKS (continued)	Shares	Value (000's)
Advertising - (0.06)%					Biotechnology - (0.10)%
Interpublic Group of Cos Inc/The	18,906		$	374	Acorda Therapeutics Inc	5,052		$	103
JCDecaux SA	30,928			1,288	AMAG Pharmaceuticals Inc	4,093			57
		$		1,662	Gilead Sciences Inc	18,506			1,384
					Innoviva Inc	9,408			123
Aerospace & Defense - (0.24)%					Seattle Genetics Inc	16,448			1,002
BAE Systems PLC	98,846			736			$		2,669
Harris Corp	15,957			2,306
Leonardo SpA	19,888			238	Building Materials - (0.01)%
Lockheed Martin Corp		981		313	Martin Marietta Materials Inc	1,527			318
TransDigm Group Inc	9,568			2,715
United Technologies Corp	3,902			474	Chemicals - (0.48)%
		$		6,782	Air Liquide SA	14,435			1,802
Agriculture - (0.06)%					CF Industries Holdings Inc	48,196			1,806
Japan Tobacco Inc	53,800			1,782	Clariant AG	77,796			2,121
					DowDuPont Inc	22,853			1,644
					K+S AG	28,558			670
Airlines - (0.17)%					Kansai Paint Co Ltd	35,700			938
American Airlines Group Inc	36,299			1,833	LANXESS AG	6,180			470
easyJet PLC	57,946			1,103	Praxair Inc	4,428			682
Singapore Airlines Ltd	53,700			429	Solvay SA	4,440			625
United Continental Holdings Inc	22,725			1,439	Symrise AG	13,204			1,123
		$		4,804	Taiyo Nippon Sanso Corp	41,400			571
Apparel - (0.08)%					Teijin Ltd	18,300			396
Hanesbrands Inc	84,599			1,767	Toray Industries Inc	102,700			969
Under Armour Inc - Class C	32,555			389			$		13,817
		$		2,156	Commercial Services - (0.28)%
Automobile Manufacturers - (0.37)%					AerCap Holdings NV	16,263			845
Daimler AG	18,923			1,568	Automatic Data Processing Inc	13,159			1,506
Ferrari NV	7,354			798	Element Fleet Management Corp	12,519			95
Fiat Chrysler Automobiles NV	21,465			369	Hertz Global Holdings Inc	42,014			796
Ford Motor Co	96,673			1,210	Macquarie Infrastructure Corp	5,492			367
General Motors Co	104,007			4,482	Nielsen Holdings PLC	8,317			305
Mazda Motor Corp	31,100			420	Park24 Co Ltd	55,100			1,356
Nissan Motor Co Ltd	82,500			802	Sabre Corp	35,419			705
Tesla Inc		791		244	Securitas AB	74,178			1,303
Toyota Motor Corp	6,700			423	Strayer Education Inc		259		26
		$		10,316	Vantiv Inc	6,732			505
							$		7,809
Automobile Parts & Equipment - (0.05)%
Goodyear Tire & Rubber Co/The	35,935			1,163	Computers - (0.19)%
Meritor Inc	3,957			99	Dell Technologies Inc Class V	18,816			1,472
Sumitomo Electric Industries Ltd	13,600			238	DXC Technology Co	6,227			599
		$		1,500	Hewlett Packard Enterprise Co	144,436			2,015
					Leidos Holdings Inc	16,732			1,063
Banks - (0.50)%					NCR Corp	5,714			179
Bank of Kyoto Ltd/The	28,800			1,474			$		5,328
Bank of Queensland Ltd	37,474			375
Bendigo & Adelaide Bank Ltd	37,420			331	Consumer Products - (0.04)%
Canadian Imperial Bank of Commerce	29,800			2,729	Spectrum Brands Holdings Inc	9,542			1,096
Commonwealth Bank of Australia	13,145			797
Credit Suisse Group AG	35,806			608	Cosmetics & Personal Care - (0.09)%
First Financial Bancorp		557		16	Coty Inc	109,520			1,887
First Horizon National Corp	25,181			488	Essity AB	18,941			551
Goldman Sachs Group Inc/The	8,282			2,051			$		2,438
HSBC Holdings PLC	26,686			266
Morgan Stanley	12,369			638	Distribution & Wholesale - (0.18)%
Natixis SA	132,359			1,073	Fossil Group Inc	528,274			3,740
Nordea Bank AB	36,418			427	G-III Apparel Group Ltd	12,192			375
Raiffeisen Bank International AG	20,133			712	Jardine Cycle & Carriage Ltd	28,700			851
South State Corp		910		84			$		4,966
Swedbank AB	16,716			400	Diversified Financial Services - (0.27)%
UBS Group AG	35,503			614	AEON Financial Service Co Ltd	35,000			779
Westpac Banking Corp	23,101			554	Ally Financial Inc	90,275			2,425
Yamaguchi Financial Group Inc	34,000			408	Cboe Global Markets Inc	18,294			2,258
		$		14,045	Daiwa Securities Group Inc	252,000			1,577
Beverages - (0.12)%					Mitsubishi UFJ Lease & Finance Co Ltd	60,300			345
Coca-Cola Bottlers Japan Inc	36,100			1,374	PRA Group Inc		800		28
Kirin Holdings Co Ltd	41,700			976			$		7,412
Treasury Wine Estates Ltd	87,285			1,047
		$		3,397

See accompanying notes.

103

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
Short Sales Outstanding
COMMON STOCKS (continued)	Shares	Value (000's)			COMMON STOCKS (continued)	Shares	Value (000's)
Electric - (0.44)%					Healthcare - Products (continued)
Atco Ltd/Canada	9,400		$	336	Essilor International Cie Generale d'Optique	15,995		$	2,056
Black Hills Corp	9,317			545	SA
Chugoku Electric Power Co Inc/The	126,400			1,397	Olympus Corp	38,600			1,591
Consolidated Edison Inc	13,302			1,184	ResMed Inc	10,502			897
Dominion Energy Inc		792		67			$		8,115
Emera Inc	42,300			1,592
Exelon Corp	33,464			1,396	Healthcare - Services - (0.45)%
FirstEnergy Corp	23,918			816	Aetna Inc	3,177			573
Fortis Inc/Canada	33,900			1,248	Anthem Inc	40,331			9,476
Great Plains Energy Inc	44,033			1,511	Envision Healthcare Corp	15,844			506
Kyushu Electric Power Co Inc	69,100			790	IQVIA Holdings Inc	7,988			815
NRG Yield Inc - A Shares	8,014			151	LHC Group Inc		241		16
NRG Yield Inc - C Shares		909		17	Sonic Healthcare Ltd	62,646			1,061
Power Assets Holdings Ltd	92,000			787			$		12,447
Vistra Energy Corp	26,496			501	Holding Companies - Diversified - (0.04)%
		$		12,338	Bollore SA	129,409			687
Electrical Components & Equipment - (0.10)%					Keppel Corp Ltd	98,100			558
Acuity Brands Inc	3,444			591			$		1,245
Casio Computer Co Ltd	54,200			798	Home Builders - (0.06)%
Energizer Holdings Inc	28,566			1,312	Lennar Corp - A Shares	17,612			1,106
General Cable Corp	1,820			39	PulteGroup Inc	16,578			566
Littelfuse Inc		203		41			$		1,672
SunPower Corp		231		2
		$		2,783	Home Furnishings - (0.01)%
					Whirlpool Corp	1,709			288
Electronics - (0.06)%
Hamamatsu Photonics KK	9,700			335
TTM Technologies Inc	52,623			859	Insurance - (0.48)%
Vishay Intertechnology Inc	21,704			475	Aegon NV	91,373			568
		$		1,669	Arthur J Gallagher & Co	23,911			1,574
					Berkshire Hathaway Inc - Class B	4,434			856
Engineering & Construction - (0.13)%					Challenger Ltd/Australia	47,613			508
Boskalis Westminster	5,984			221	Dai-ichi Life Holdings Inc	21,300			439
Ferrovial SA	44,853			988	Great-West Lifeco Inc	60,900			1,657
JGC Corp	101,000			1,762	Industrial Alliance Insurance & Financial	29,200			1,362
Keane Group Inc	29,700			445	Services Inc
		$		3,416	MetLife Inc	45,063			2,419
Entertainment - (0.11)%					Power Corp of Canada	43,900			1,112
Oriental Land Co Ltd/Japan	6,500			580	Power Financial Corp	66,600			1,825
Paddy Power Betfair PLC	4,010			447	Sony Financial Holdings Inc	19,400			330
Sankyo Co Ltd	33,200			1,073	WR Berkley Corp	8,767			606
Sega Sammy Holdings Inc	52,400			634			$		13,256
Vail Resorts Inc	1,606			361	Internet - (0.48)%
		$		3,095	Alibaba Group Holding Ltd ADR	20,437			3,619
Food - (0.34)%					Expedia Inc	2,009			246
Calbee Inc	34,800			1,219	Iliad SA	8,740			2,044
Casino Guichard Perrachon SA	21,009			1,278	Kakaku.com Inc	34,400			546
Chr Hansen Holding A/S	7,270			660	Liberty Ventures	1,811			101
Colruyt SA	8,248			437	New Media Investment Group Inc	114,815			1,993
Hormel Foods Corp	32,493			1,184	Shopify Inc	2,000			209
ICA Gruppen AB	50,908			1,843	VeriSign Inc	33,159			3,817
Kraft Heinz Co/The	15,220			1,238	Zillow Group Inc - C Shares	21,919			900
Kroger Co/The	44,046			1,139			$		13,475
Metro Inc	2,336			73	Investment Companies - (0.10)%
Mondelez International Inc	14,170			608	Eurazeo SA	13,632			1,199
Post Holdings Inc	1,192			95	Groupe Bruxelles Lambert SA	14,910			1,605
		$		9,774	Prospect Capital Corp	1,929			13
Forest Products & Paper - (0.04)%							$		2,817
International Paper Co	18,404			1,042	Iron & Steel - (0.02)%
					Allegheny Technologies Inc	7,742			176
Gas - (0.04)%					Hitachi Metals Ltd	26,100			349
Enagas SA	37,911			1,113			$		525
					Leisure Products & Services - (0.02)%
Healthcare - Products - (0.28)%					Harley-Davidson Inc	13,242			665
Abbott Laboratories	26,270			1,481
Becton Dickinson and Co	4,510			1,029	Lodging - (0.28)%
Coloplast A/S	13,557			1,061	Accor SA	86,300			4,322
					Crown Resorts Ltd	15,636			146

See accompanying notes.

104

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
Short Sales Outstanding
COMMON STOCKS (continued)	Shares	Value (000's)			COMMON STOCKS (continued)	Shares	Value (000's)
Lodging (continued)					Pharmaceuticals - (0.52)%
MGM Resorts International	87,476		$	2,985	AbbVie Inc	13,798		$	1,337
Wyndham Worldwide Corp	5,022			565	Allergan PLC	14,149			2,460
		$		8,018	AmerisourceBergen Corp	19,446			1,649
					Bayer AG	13,274			1,694
Machinery - Diversified - (0.23)%					Cardinal Health Inc	18,468			1,093
Flowserve Corp	26,522			1,129	Chugai Pharmaceutical Co Ltd	28,400			1,468
GEA Group AG	15,573			753	Grifols SA	65,132			1,900
KION Group AG	15,236			1,242	Suzuken Co Ltd/Aichi Japan	21,900			868
Kone OYJ	9,292			478	Teva Pharmaceutical Industries Ltd ADR	11,252			167
Nabtesco Corp	7,100			279	Vifor Pharma AG	15,156			1,912
Wabtec Corp/DE	22,210			1,708			$		14,548
Yaskawa Electric Corp	16,000			714
		$		6,303	Pipelines - (0.12)%
					AltaGas Ltd	29,300			666
Media - (0.35)%					Enbridge Inc	29,800			1,124
Charter Communications Inc	4,986			1,626	Koninklijke Vopak NV	31,187			1,316
Discovery Communications Inc - C Shares	27,051			489	ONEOK Inc	3,949			205
EW Scripps Co/The	124,218			1,872			$		3,311
Liberty Broadband Corp - C Shares	12,129			1,055
Liberty Global PLC - A Shares	25,783			819	Real Estate - (0.10)%
MSG Networks Inc	132,642			2,368	Deutsche Wohnen SE	19,632			869
ProSiebenSat.1 Media SE	25,622			815	Hysan Development Co Ltd	45,000			242
Telenet Group Holding NV	8,636			604	Nomura Real Estate Holdings Inc	30,900			716
		$		9,648	REA Group Ltd	13,513			811
					Sumitomo Realty & Development Co Ltd	6,000			198
Metal Fabrication & Hardware - (0.04)%							$		2,836
Rexnord Corp	4,848			121
Tenaris SA	82,239			1,199	REITs - (0.06)%
		$		1,320	Blackstone Mortgage Trust Inc	1,447			47
					Host Hotels & Resorts Inc	49,783			985
Mining - (0.08)%					Invitation Homes Inc		5		—
Alamos Gold Inc	27,881			177	iStar Inc	3,250			38
Anglo American PLC	19,664			362	Potlatch Corp	1,367			70
Cameco Corp	42,200			396	Redwood Trust Inc	1,548			23
Mitsubishi Materials Corp	10,200			343	Spirit Realty Capital Inc	6,045			52
Sumitomo Metal Mining Co Ltd	22,700			887	Welltower Inc	14,295			964
		$		2,165			$		2,179
Miscellaneous Manufacturers - (0.07)%					Retail - (1.09)%
Siemens AG	2,497			339	Advance Auto Parts Inc	8,509			860
Textron Inc	27,370			1,525	Ascena Retail Group Inc	215,905			505
		$		1,864	AutoZone Inc		552		379
Office & Business Equipment - (0.14)%					Bed Bath & Beyond Inc	18,286			409
Konica Minolta Inc	154,300			1,515	Best Buy Co Inc	7,439			443
Ricoh Co Ltd	169,600			1,511	Dick's Sporting Goods Inc	9,288			274
Xerox Corp	31,498			934	Dillard's Inc	29,964			1,801
		$		3,960	Domino's Pizza Enterprises Ltd	12,642			452
					Dufry AG	15,904			2,289
Oil & Gas - (0.15)%					FamilyMart UNY Holdings Co Ltd	7,900			534
Antero Resources Corp	30,974			589	Foot Locker Inc	7,257			311
Chesapeake Energy Corp	27,784			113	Gap Inc/The	48,243			1,559
Eni SpA	29,975			493	GNC Holdings Inc	29,363			164
EQT Corp		1		—	Hennes & Mauritz AB	33,228			782
Helmerich & Payne Inc	4,325			253	Isetan Mitsukoshi Holdings Ltd	153,300			1,782
Patterson-UTI Energy Inc	11,002			238	J Front Retailing Co Ltd	23,600			400
PrairieSky Royalty Ltd	70,700			1,850	JC Penney Co Inc	129,672			429
SandRidge Energy Inc	3,021			56	Kohl's Corp	94,771			4,547
Woodside Petroleum Ltd	25,935			612	L Brands Inc	18,083			1,014
		$		4,204	Liberty Interactive Corp QVC Group	10,538			257
					Macy's Inc	41,853			996
Oil & Gas Services - (0.07)%					Marui Group Co Ltd	51,500			914
National Oilwell Varco Inc	8,820			296	McDonald's Holdings Co Japan Ltd	20,900			913
ProPetro Holding Corp	33,180			623	Michaels Cos Inc/The	26,115			564
RPC Inc	29,965			720	Nordstrom Inc	46,806			2,127
Superior Energy Services Inc	22,014			212	Office Depot Inc	49,793			163
Weatherford International PLC	37,785			125	Papa John's International Inc	15,054			880
		$		1,976	Party City Holdco Inc	17,509			243
Packaging & Containers - (0.11)%					Ryohin Keikaku Co Ltd	2,500			779
Ball Corp	77,778			3,104	Sally Beauty Holdings Inc	21,629			369
					Signet Jewelers Ltd	16,474			861
					Tractor Supply Co	11,110			758

See accompanying notes.

105

Consolidated Schedule of Investments
Global Multi-Strategy Fund
November 30, 2017 (unaudited)
Short Sales Outstanding
COMMON STOCKS (continued)		Shares	Value (000's)
								Principal
Retail (continued)						BONDS (continued)		Amount (000's)     Value (000's)
Yamada Denki Co Ltd		365,700		$	1,990	Diversified Financial Services - (0.06)%
			$		30,748	International Lease Finance Corp
						5.88%, 08/15/2022	$	1,436	$	1,602
Savings & Loans - (0.10)%
BofI Holding Inc		101,114			2,795
						Oil & Gas - (0.10)%
						SM Energy Co
Semiconductors - (0.83)%						6.50%, 01/01/2023		1,074		1,085
Advanced Micro Devices Inc		14,783			161	6.75%, 09/15/2026		1,825		1,845
Intel Corp		160,863			7,213			$		2,930
Lam Research Corp		59,632			11,469
Marvell Technology Group Ltd		41,012			916	Pharmaceuticals - (0.17)%
Microchip Technology Inc		32,800			2,853	Endo Finance LLC
QUALCOMM Inc		12,081			802	5.75%, 01/15/2022		5,841		4,862
Synaptics Inc		787			30
			$		23,444	Retail - (0.05)%
Software - (0.16)%						Macy's Retail Holdings Inc
DeNA Co Ltd		29,500			670	4.50%, 12/15/2034		1,677		1,382
Fidelity National Information Services Inc		10,361			978
First Data Corp		92,596			1,523	Sovereign - (0.66)%
Oracle Corp Japan		8,100			722	Colombia Government International Bond
Splunk Inc		7,095			568	3.88%, 04/25/2027		3,097		3,142
			$		4,461	4.50%, 01/28/2026		598		639
Telecommunications - (0.41)%						5.00%, 06/15/2045		596		623
AT&T Inc		29,136			1,060	Pakistan Government International Bond
Ciena Corp		29,149			634	8.25%, 09/30/2025		5,000		5,535
CommScope Holding Co Inc		47,779			1,719	Turkey Government International Bond
Deutsche Telekom AG		48,671			869	7.38%, 02/05/2025		5,695		6,486
Hikari Tsushin Inc		8,200			1,185	Venezuela Government International Bond
SES SA		68,430			1,130	9.25%, 05/07/2028		10,000		2,188
SoftBank Group Corp		18,400			1,562			$		18,613
Swisscom AG		850			449	TOTAL BONDS (proceeds $32,095)		$		29,492
Telefonaktiebolaget LM Ericsson		222,760			1,402			Principal
T-Mobile US Inc		14,168			865	CONVERTIBLE BONDS - (0.05)%		Amount (000's)     Value (000's)
Zayo Group Holdings Inc		27,030			955	Commercial Services - (0.02)%
			$		11,830	Macquarie Infrastructure Corp
Transportation - (0.32)%						2.88%, 07/15/2019		125		130
AP Moller - Maersk A/S		464			837	Square Inc
Atlas Air Worldwide Holdings Inc		1,891			109	0.38%, 03/01/2022		100		180
CH Robinson Worldwide Inc		21,910			1,898			$		310
FedEx Corp		6,190			1,433	Diversified Financial Services - 0.00%
Keihan Holdings Co Ltd		40,800			1,211	Blackhawk Network Holdings Inc
MTR Corp Ltd		102,092			602	1.50%, 01/15/2022		75		78
Odakyu Electric Railway Co Ltd		33,200			707
Seibu Holdings Inc		69,100			1,252
Ship Finance International Ltd		8,162			126	Healthcare - Services - 0.00%
Yamato Holdings Co Ltd		52,800			1,076	Teladoc Inc
			$		9,251	3.00%, 12/15/2022		50		57
Water - (0.03)%
United Utilities Group PLC		69,907			776	Internet - (0.01)%
						Liberty Expedia Holdings Inc
TOTAL COMMON STOCKS (proceeds $305,357)			$		330,773	1.00%, 06/30/2047		100		101
INVESTMENT COMPANIES - (0.03)%		Shares	Value (000's)			Priceline Group Inc/The
						0.90%, 09/15/2021		225		255
Exchange Traded Funds - (0.03)%						Proofpoint Inc
SPDR S&P Oil & Gas Equipment & Services		37,240			590	0.75%, 06/15/2020		50		63
ETF								$		419
VanEck Vectors Oil Services ETF		8,667			213
			$		803	Pharmaceuticals - (0.01)%
TOTAL INVESTMENT COMPANIES (proceeds $887)			$		803	Neurocrine Biosciences Inc
		Principal				2.25%, 05/15/2024		275		337
BONDS - (1.05)%	Amount (000's)		Value (000's)
						Software - (0.01)%
Commercial Services - (0.01)%
Cenveo Corp						Nice Systems Inc
8.50%, 09/15/2022	$	642		$	103	1.25%, 01/15/2024		25		29
						RealPage Inc
						1.50%, 11/15/2022		75		95

See accompanying notes.

106

		Consolidated Schedule of Investments
					Global Multi-Strategy Fund
			November 30, 2017 (unaudited)
					Short Sales Outstanding
		Principal
CONVERTIBLE BONDS (continued)	Amount (000's)		Value (000's)
Software (continued)
ServiceNow Inc
0.00%, 06/01/2022	$	125		$	138
			$		262
TOTAL CONVERTIBLE BONDS (proceeds $1,295)			$		1,463
U.S. GOVERNMENT & GOVERNMENT		Principal
AGENCY OBLIGATIONS - (6.75)%	Amount (000's)		Value (000's)
Federal National Mortgage Association (FNMA) - (1.38)%
3.50%, 12/01/2041	$	9,810		$	10,059
3.50%, 01/01/2043		28,030			28,701
			$		38,760
U.S. Treasury - (4.15)%
1.00%, 09/30/2019		24,525			24,178
1.13%, 05/31/2019		19,620			19,441
1.50%, 10/31/2019		11,929			11,863
1.50%, 08/15/2026		13,587			12,629
1.63%, 03/31/2019		11,622			11,603
1.63%, 10/31/2023		14,715			14,221
2.00%, 10/31/2022		1,666			1,655
2.13%, 09/30/2024		574			567
2.25%, 10/31/2024		8,321			8,288
2.25%, 08/15/2027		332			327
2.25%, 11/15/2027		316			311
3.63%, 02/15/2021		11,085			11,661
			$		116,744
U.S. Treasury Inflation-Indexed Obligations - (1.22)%
0.13%, 01/15/2022		5,218			5,187
0.13%, 04/15/2022		3,374			3,343
0.13%, 07/15/2022		11,656			11,603
0.63%, 07/15/2021		14,035			14,280
			$		34,413
TOTAL U.S. GOVERNMENT & GOVERNMENT AGENCY			$		189,917
OBLIGATIONS (proceeds $191,131)
TOTAL SHORT SALES (proceeds $530,765)			$		552,448

See accompanying notes.

107

     Schedule of Investments Global Opportunities Fund November 30, 2017 (unaudited)

COMMON STOCKS - 97.89%	Shares Held		Value (000's)	COMMON STOCKS (continued)	Shares Held		Value (000's)
Aerospace & Defense - 4.07%				Food - 1.11%
Boeing Co/The	37,099	$	10,269	WH Group Ltd (b)	9,869,500	$	10,512
L3 Technologies Inc	77,630		15,416
Lockheed Martin Corp	40,128		12,806	Healthcare - Products - 0.97%
		$	38,491	Lonza Group AG (a)	35,060		9,191
Agriculture - 2.36%
British American Tobacco PLC	145,122		9,229	Healthcare - Services - 6.37%
Philip Morris International Inc	127,321		13,082	Aetna Inc	36,831		6,636
		$	22,311	Anthem Inc	49,739		11,687
Airlines - 1.11%				Cigna Corp	50,087		10,605
ANA Holdings Inc	262,700		10,511	Humana Inc	30,379		7,924
				ICON PLC (a)	60,010		7,010
Apparel - 1.17%				UnitedHealth Group Inc	71,824		16,388
LVMH Moet Hennessy Louis Vuitton SE	38,063		11,088			$	60,250
				Insurance - 9.00%
Automobile Manufacturers - 2.13%				Allstate Corp/The	112,347		11,534
Suzuki Motor Corp	197,100		10,668	Athene Holding Ltd (a)	132,606		6,374
Volvo AB - B Shares	498,730		9,506	Hartford Financial Services Group Inc/The	172,545		9,911
		$	20,174	Legal & General Group PLC	2,136,622		7,727
Banks - 11.57%				NN Group NV	316,406		13,872
Bank of America Corp	709,309		19,981	Ping An Insurance Group Co of China Ltd	504,500		5,006
China Construction Bank Corp	12,778,000		11,209	Reinsurance Group of America Inc	79,050		12,810
				Swiss Life Holding AG (a)	30,607		10,294
Comerica Inc	134,297		11,188
Danske Bank A/S	254,633		9,506	Unum Group	135,237		7,657
East West Bancorp Inc	198,140		12,194			$	85,185
Grupo Financiero Banorte SAB de CV	1,260,300		7,402	Internet - 7.23%
JPMorgan Chase & Co	175,452		18,338	Alibaba Group Holding Ltd ADR(a)	46,368		8,211
Lloyds Banking Group PLC	10,714,543		9,562	Alphabet Inc - A Shares (a)	27,573		28,570
Mitsubishi UFJ Financial Group Inc	1,417,400		10,104	Amazon.com Inc (a)	7,916		9,315
				Facebook Inc (a)	55,581		9,848
		$	109,484	VeriSign Inc (a)	108,715		12,513
Beverages - 1.39%
Diageo PLC	379,153		13,109			$	68,457
				Lodging - 1.20%
Biotechnology - 0.49%				Extended Stay America Inc	650,767		11,369
Celgene Corp (a)	45,664		4,604
				Machinery - Construction & Mining - 1.11%
Coal - 0.50%				Hitachi Ltd	1,404,000		10,520
Yanzhou Coal Mining Co Ltd	5,042,000		4,728
				Machinery - Diversified - 1.34%
Commercial Services - 2.16%				Cummins Inc	75,850		12,697
Adani Ports & Special Economic Zone Ltd	1,197,579		7,401
Aramark	306,733		13,067	Oil & Gas - 3.49%
		$	20,468	Chevron Corp	126,081		15,002
Computers - 5.96%				EOG Resources Inc	56,087		5,739
Accenture PLC - Class A	104,501		15,467	Repsol SA	669,772		12,284
Apple Inc	58,142		9,992			$	33,025
Atos SE	53,544		7,909	Pharmaceuticals - 1.88%
DXC Technology Co	145,572		13,995	AbbVie Inc	183,791		17,813
Leidos Holdings Inc	142,799		9,078
		$	56,441	Pipelines - 0.95%
Cosmetics & Personal Care - 2.73%				Pembina Pipeline Corp	257,600		8,971
Colgate-Palmolive Co	219,959		15,936
Unilever NV	171,137		9,869	Real Estate - 1.85%
		$	25,805	Sun Hung Kai Properties Ltd	612,000		10,033
Distribution & Wholesale - 1.41%				Vonovia SE	158,199		7,455
Mitsubishi Corp	531,600		13,370			$	17,488
				REITs - 3.28%
Diversified Financial Services - 1.61%				American Tower Corp	100,494		14,464
Amundi SA (b)	78,237		6,976	Mirvac Group	3,229,692		6,003
Mastercard Inc	54,558		8,209	Prologis Inc	159,690		10,576
		$	15,185			$	31,043
Electric - 5.57%				Retail - 2.15%
American Electric Power Co Inc	154,560		11,998	Wal-Mart Stores Inc	209,107		20,332
Enel SpA	2,199,729		14,292
Exelon Corp	213,872		8,921	Semiconductors - 1.40%
Iberdrola SA	1,166,904		9,269	Samsung Electronics Co Ltd	5,624		13,236
Power Grid Corp of India Ltd	2,560,130		8,192
		$	52,672	Software - 3.27%
				Microsoft Corp	232,564		19,575
Electrical Components & Equipment - 0.66%				Synopsys Inc (a)	125,798		11,370
OSRAM Licht AG	73,025		6,267
						$	30,945
Environmental Control - 1.53%
Waste Management Inc	176,119		14,486

See accompanying notes.

108

			Schedule of Investments
			Global Opportunities Fund
			November 30, 2017 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value (000's)
Telecommunications - 1.61%
Cisco Systems Inc	409,559	$	15,277
Toys, Games & Hobbies - 1.62%
Nintendo Co Ltd	37,700		15,373
Transportation - 1.64%
Norfolk Southern Corp	112,184		15,552
TOTAL COMMON STOCKS		$	926,430
INVESTMENT COMPANIES - 1.78%	Shares Held		Value (000's)
Money Market Funds - 1.78%
Morgan Stanley Institutional Liquidity Funds -	16,811,710		16,812
Government Portfolio
TOTAL INVESTMENT COMPANIES		$	16,812
PREFERRED STOCKS - 0.45%	Shares Held		Value (000's)
Holding Companies - Diversified - 0.45%
Itausa - Investimentos Itau SA 0.06%	1,332,600	$	4,223
TOTAL PREFERRED STOCKS		$	4,223
Total Investments		$	947,465
Other Assets and Liabilities - (0.12)%		$	(1,111	)
TOTAL NET ASSETS - 100.00%		$	946,354

(a)	Non-income producing security
(b)	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities totaled $17,488 or 1.85% of net assets.

Portfolio Summary (unaudited)
Country	Percent
United States	60.44	%
Japan	7.45	%
United Kingdom	5.24	%
China	3.09	%
France	2.74	%
Ireland	2.37	%
Spain	2.28	%
Hong Kong	2.17	%
Switzerland	2.06	%
India	1.65	%
Italy	1.51	%
Netherlands	1.46	%
Germany	1.45	%
Korea, Republic Of	1.40	%
Sweden	1.00	%
Denmark	1.00	%
Canada	0.95	%
Mexico	0.78	%
Australia	0.63	%
Brazil	0.45	%
Other Assets and Liabilities	(0.12	)%
TOTAL NET ASSETS	100.00	%

See accompanying notes.

109

Schedule of Investments
International Equity Index Fund
November 30, 2017 (unaudited)
COMMON STOCKS - 97.10%	Shares Held		Value (000's)	COMMON STOCKS (continued)	Shares Held		Value (000's)
Advertising - 0.35%				Automobile Parts & Equipment (continued)
Dentsu Inc	15,500	$	704	Koito Manufacturing Co Ltd	8,000	$	556
Hakuhodo DY Holdings Inc	16,700		225	Minth Group Ltd	50,000		280
JCDecaux SA	5,307		221	NGK Insulators Ltd	18,800		361
Publicis Groupe SA	14,785		981	NGK Spark Plug Co Ltd	11,400		265
WPP PLC	90,662		1,600	NOK Corp	6,800		166
		$	3,731	Nokian Renkaat OYJ	8,312		363
Aerospace & Defense - 1.29%				Stanley Electric Co Ltd	10,100		406
Airbus SE	41,435		4,312	Sumitomo Electric Industries Ltd	53,900		945
BAE Systems PLC	227,202		1,692	Sumitomo Rubber Industries Ltd	13,200		242
Cobham PLC (a)	170,557		293	Toyoda Gosei Co Ltd	4,600		115
Dassault Aviation SA	177		272	Toyota Industries Corp	11,600		724
Elbit Systems Ltd	1,677		233	Valeo SA	17,097		1,240
IHI Corp	11,100		346	Yokohama Rubber Co Ltd/The	8,500		192
Kawasaki Heavy Industries Ltd	10,700		357			$	15,635
Leonardo SpA	28,870		345	Banks - 13.14%
Meggitt PLC	55,339		363	ABN AMRO Group NV (b)	30,175		894
MTU Aero Engines AG	3,708		667	Allied Irish Banks PLC	58,086		377
Rolls-Royce Holdings PLC (a)	118,165		1,370	Aozora Bank Ltd	8,300		323
Safran SA	23,797		2,536	Australia & New Zealand Banking Group Ltd	209,535		4,550
Thales SA	7,551		763	Banco Bilbao Vizcaya Argentaria SA	475,640		4,078
Zodiac Aerospace	14,590		429	Banco de Sabadell SA	380,585		768
		$	13,978	Banco Espirito Santo SA (a),(c),(d)	131,709		—
Agriculture - 1.52%				Banco Santander SA	1,152,277		7,761
British American Tobacco PLC	163,603		10,404	Bank Hapoalim BM	76,074		520
Golden Agri-Resources Ltd	503,700		138	Bank Leumi Le-Israel BM	103,243		573
Imperial Brands PLC	68,389		2,834	Bank of East Asia Ltd/The	87,400		388
Japan Tobacco Inc	78,500		2,600	Bank of Ireland Group PLC (a)	65,410		509
Swedish Match AB	12,969		491	Bank of Kyoto Ltd/The	4,200		215
		$	16,467	Bank of Queensland Ltd	27,945		280
Airlines - 0.19%				Bankia SA	71,888		346
ANA Holdings Inc	8,200		328	Bankinter SA	48,090		464
Deutsche Lufthansa AG	16,774		577	Barclays PLC	1,215,171		3,171
easyJet PLC	11,335		216	Bendigo & Adelaide Bank Ltd	34,057		302
International Consolidated Airlines Group SA	44,398		366	BNP Paribas SA	80,150		6,068
Japan Airlines Co Ltd	8,300		305	BOC Hong Kong Holdings Ltd	264,000		1,344
Singapore Airlines Ltd	38,600		308	CaixaBank SA	256,004		1,216
		$	2,100	Chiba Bank Ltd/The	49,000		377
				Commerzbank AG (a)	75,935		1,103
Apparel - 1.00%
Adidas AG	13,433		2,807	Commonwealth Bank of Australia	123,546		7,491
Asics Corp	11,300		168	Concordia Financial Group Ltd	87,200		480
Burberry Group PLC	30,728		713	Credit Agricole SA	81,209		1,368
				Credit Suisse Group AG (a)	173,212		2,939
Hermes International	2,261		1,191
LVMH Moet Hennessy Louis Vuitton SE	19,891		5,795	Danske Bank A/S	53,462		1,996
Yue Yuen Industrial Holdings Ltd	53,000		190	DBS Group Holdings Ltd	128,000		2,331
		$	10,864	Deutsche Bank AG	147,429		2,780
Automobile Manufacturers - 3.44%				DNB ASA	69,713		1,270
				Erste Group Bank AG (a)	21,462		939
Bayerische Motoren Werke AG	23,619		2,384
Daimler AG	68,684		5,690	Fukuoka Financial Group Inc	55,000		286
Ferrari NV	8,761		951	Hachijuni Bank Ltd/The	29,200		168
Fiat Chrysler Automobiles NV (a)	76,761		1,318	Hang Seng Bank Ltd	54,600		1,353
Hino Motors Ltd	18,500		229	HSBC Holdings PLC	1,433,773		14,287
Honda Motor Co Ltd	122,900		4,103	ING Groep NV	277,157		5,008
Isuzu Motors Ltd	39,400		627	Intesa Sanpaolo SpA	66,518		213
Mazda Motor Corp	40,600		549	Intesa Sanpaolo SpA	961,625		3,240
Mitsubishi Motors Corp	47,900		338	Investec PLC	47,551		333
Nissan Motor Co Ltd	165,700		1,611	Japan Post Bank Co Ltd	29,000		369
Peugeot SA	41,952		867	KBC Group NV	17,895		1,467
Renault SA	13,713		1,392	Kyushu Financial Group Inc	24,900		148
Subaru Corp	44,000		1,450	Lloyds Banking Group PLC	5,132,416		4,580
Suzuki Motor Corp	24,600		1,332	Macquarie Group Ltd	23,066		1,731
Toyota Motor Corp	186,300		11,764	Mediobanca SpA	40,861		472
Volkswagen AG	2,317		481	Mitsubishi UFJ Financial Group Inc	850,600		6,063
Volvo AB - B Shares	111,178		2,119	Mizrahi Tefahot Bank Ltd	9,948		182
		$	37,205	Mizuho Financial Group Inc	1,720,600		3,130
				National Australia Bank Ltd	191,563		4,304
Automobile Parts & Equipment - 1.44%				Natixis SA	67,140		544
Aisin Seiki Co Ltd	12,500		673	Nordea Bank AB	216,671		2,541
Bridgestone Corp	46,400		2,120	Oversea-Chinese Banking Corp Ltd	224,500		2,078
Cie Generale des Etablissements Michelin	12,219		1,772	Raiffeisen Bank International AG (a)	10,560		373
Continental AG	7,848		2,092	Resona Holdings Inc	157,600		839
Denso Corp	34,000		1,919	Royal Bank of Scotland Group PLC (a)	254,774		953
Faurecia	5,414		414	Seven Bank Ltd	42,600		143
GKN PLC	122,510		513	Shinsei Bank Ltd	11,800		190
JTEKT Corp	16,000		277	Shizuoka Bank Ltd/The	37,000		366

See accompanying notes.

110

     Schedule of Investments International Equity Index Fund November 30, 2017 (unaudited)

COMMON STOCKS (continued)	Shares Held		Value (000's)	COMMON STOCKS (continued)	Shares Held		Value (000's)
Banks (continued)				Chemicals (continued)
Skandinaviska Enskilda Banken AB	108,356	$	1,288	Johnson Matthey PLC	13,806	$	566
Societe Generale SA	54,736		2,754	JSR Corp	13,700		263
Standard Chartered PLC (a)	234,802		2,343	K+S AG	13,654		320
Sumitomo Mitsui Financial Group Inc	95,900		3,910	Kaneka Corp	20,000		177
Sumitomo Mitsui Trust Holdings Inc	23,744		883	Kansai Paint Co Ltd	14,600		384
Suruga Bank Ltd	12,400		268	Koninklijke DSM NV	12,942		1,210
Svenska Handelsbanken AB	108,936		1,490	Kuraray Co Ltd	25,400		491
Swedbank AB	64,600		1,545	LANXESS AG	6,530		496
UBS Group AG (a)	261,043		4,516	Linde AG (a)	13,248		3,075
UniCredit SpA (a)	142,889		2,881	Mitsubishi Chemical Holdings Corp	102,200		1,111
United Overseas Bank Ltd	95,200		1,854	Mitsubishi Gas Chemical Co Inc	13,000		365
Westpac Banking Corp	242,129		5,810	Mitsui Chemicals Inc	13,200		428
Yamaguchi Financial Group Inc	14,000		168	Nippon Paint Holdings Co Ltd	11,600		357
		$	142,292	Nissan Chemical Industries Ltd	8,700		349
Beverages - 2.26%				Nitto Denko Corp	11,800		1,169
Anheuser-Busch InBev SA/NV	54,353		6,227	Novozymes A/S	16,132		874
Asahi Group Holdings Ltd	27,600		1,402	Shin-Etsu Chemical Co Ltd	27,800		2,929
Carlsberg A/S	7,631		905	Solvay SA	5,287		744
Coca-Cola Amatil Ltd	39,425		238	Sumitomo Chemical Co Ltd	112,000		785
Coca-Cola Bottlers Japan Inc	8,800		335	Symrise AG	8,798		748
Coca-Cola European Partners PLC	15,548		606	Taiyo Nippon Sanso Corp	9,300		128
Coca-Cola HBC AG (a)	13,011		417	Teijin Ltd	13,400		290
Davide Campari-Milano SpA	41,429		322	Toray Industries Inc	104,800		989
Diageo PLC	179,683		6,212	Tosoh Corp	20,900		465
Heineken Holding NV	8,219		791	Umicore SA	13,583		634
Heineken NV	18,491		1,882	Yara International ASA	12,669		563
Kirin Holdings Co Ltd	62,000		1,451			$	40,493
Pernod Ricard SA	15,147		2,361	Commercial Services - 2.09%
Remy Cointreau SA	1,615		215	Abertis Infraestructuras SA	49,453		1,103
Suntory Beverage & Food Ltd	9,900		429	Adecco Group AG (a)	11,600		878
Treasury Wine Estates Ltd	52,654		632	AerCap Holdings NV (a)	9,909		515
		$	24,425	Ashtead Group PLC	35,612		915
Biotechnology - 0.40%				Atlantia SpA	32,399		1,077
CSL Ltd	32,277		3,510	Babcock International Group PLC	18,034		170
Genmab A/S (a)	4,144		816	Benesse Holdings Inc	5,000		177
		$	4,326	Brambles Ltd	113,382		880
Building Materials - 1.40%				Bureau Veritas SA	18,919		501
Asahi Glass Co Ltd	14,200		595	Capita PLC	47,605		301
Boral Ltd	83,626		478	Dai Nippon Printing Co Ltd	18,600		408
Cie de Saint-Gobain	35,971		2,050	Edenred	15,951		456
CRH PLC	59,663		2,061	Experian PLC	66,404		1,382
Daikin Industries Ltd	17,800		2,056	G4S PLC	110,680		384
Fletcher Building Ltd	49,643		236	Groupe Eurotunnel SE	33,349		443
Geberit AG	2,643		1,150	Hutchison Port Holdings Trust	372,832		159
HeidelbergCement AG	10,616		1,132	Intertek Group PLC	11,514		815
Imerys SA	2,555		234	ISS A/S	11,921		450
James Hardie Industries PLC	31,452		515	Park24 Co Ltd	7,800		192
LafargeHolcim Ltd (a)	32,470		1,781	Persol Holdings Co Ltd	12,500		293
LIXIL Group Corp	19,000		502	Randstad Holding NV	8,498		523
Rinnai Corp	2,400		216	Recruit Holdings Co Ltd	78,700		1,854
Sika AG	154		1,192	RELX NV	68,906		1,576
Taiheiyo Cement Corp	8,600		355	RELX PLC	76,113		1,778
TOTO Ltd	10,100		564	Secom Co Ltd	15,000		1,124
		$	15,117	Securitas AB	22,337		393
Chemicals - 3.74%				SGS SA	382		946
Air Liquide SA	30,463		3,804	Sohgo Security Services Co Ltd	5,100		284
Air Water Inc	10,500		226	Toppan Printing Co Ltd	37,000		345
Akzo Nobel NV	17,989		1,624	Transurban Group	146,596		1,395
Arkema SA	4,863		595	Wirecard AG	8,372		894
Asahi Kasei Corp	90,000		1,130			$	22,611
BASF SE	65,519		7,347	Computers - 0.80%
Brenntag AG	11,022		687	Atos SE	6,755		998
Clariant AG (a)	16,574		452	Capgemini SE	11,464		1,320
Covestro AG (b)	8,666		903	Check Point Software Technologies Ltd (a)	9,328		973
Croda International PLC	9,374		542	Computershare Ltd	33,126		416
Daicel Corp	20,000		238	Fujitsu Ltd	141,000		1,056
EMS-Chemie Holding AG	585		390	Ingenico Group SA	4,225		443
Evonik Industries AG	11,636		435	NEC Corp	18,600		498
Givaudan SA	659		1,500	Nomura Research Institute Ltd	9,381		426
Hitachi Chemical Co Ltd	7,400		196	NTT Data Corp	45,100		532
Incitec Pivot Ltd	120,351		365	Obic Co Ltd	4,600		320
Israel Chemicals Ltd	36,478		149	Otsuka Corp	3,700		277
				TDK Corp	9,300		767

See accompanying notes.

111

Schedule of Investments
International Equity Index Fund
November 30, 2017 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value (000's)	COMMON STOCKS (continued)	Shares Held		Value (000's)
Computers (continued)				Electric (continued)
Teleperformance	4,121	$	609	Iberdrola SA	405,582	$	3,222
		$	8,635	Innogy SE (b)	9,908		458
Consumer Products - 0.49%				Kansai Electric Power Co Inc/The	50,300		667
Henkel AG & Co KGaA	7,413		904	Kyushu Electric Power Co Inc	30,500		349
Reckitt Benckiser Group PLC	47,673		4,185	Mercury NZ Ltd	49,135		111
Societe BIC SA	2,035		236	Meridian Energy Ltd	91,413		182
		$	5,325	Origin Energy Ltd (a)	125,223		850
Cosmetics & Personal Care - 2.14%				Orsted A/S (b)	13,495		786
Beiersdorf AG	7,192		856	Power Assets Holdings Ltd	99,000		847
Essity AB (a)	43,219		1,257	Red Electrica Corp SA	30,878		698
Kao Corp	35,400		2,347	RWE AG	36,963		847
Kose Corp	2,100		323	SSE PLC	71,139		1,315
Lion Corp	16,100		301	Terna Rete Elettrica Nazionale SpA	100,366		620
L'Oreal SA	17,973		3,976	Tohoku Electric Power Co Inc	32,300		427
Pola Orbis Holdings Inc	6,500		238	Tokyo Electric Power Co Holdings Inc (a)	103,300		416
Shiseido Co Ltd	27,200		1,330	Uniper SE	14,357		427
Unicharm Corp	28,800		756			$	25,929
Unilever NV	116,201		6,701	Electrical Components & Equipment - 0.84%
Unilever PLC	90,077		5,081	Brother Industries Ltd	16,800		418
		$	23,166	Casio Computer Co Ltd	13,800		203
Distribution & Wholesale - 1.13%				Legrand SA	18,978		1,420
Bunzl PLC	23,960		686	Mabuchi Motor Co Ltd	3,400		183
Ferguson PLC	18,068		1,303	Nidec Corp	17,100		2,336
ITOCHU Corp	106,900		1,858	OSRAM Licht AG	7,096		609
Jardine Cycle & Carriage Ltd	7,000		207	Prysmian SpA	14,688		489
Li & Fung Ltd	422,000		186	Schneider Electric SE (a)	40,432		3,475
Marubeni Corp	117,900		787			$	9,133
Mitsubishi Corp	107,800		2,711	Electronics - 1.50%
Mitsui & Co Ltd	121,800		1,858	Alps Electric Co Ltd	14,100		453
Rexel SA	21,640		399	Assa Abloy AB	71,497		1,451
Sumitomo Corp	84,800		1,323	Hamamatsu Photonics KK	10,200		352
Toyota Tsusho Corp	15,200		575	Hirose Electric Co Ltd	2,285		342
Travis Perkins PLC	17,913		390	Hitachi High-Technologies Corp	4,900		204
		$	12,283	Hoya Corp	27,900		1,364
Diversified Financial Services - 1.44%				Keyence Corp	6,980		4,062
Acom Co Ltd (a)	28,400		119	Koninklijke Philips NV	67,116		2,602
AEON Financial Service Co Ltd	7,900		176	Kyocera Corp	23,000		1,625
Amundi SA (b)	4,312		384	MINEBEA MITSUMI Inc	27,500		549
ASX Ltd	13,811		600	Murata Manufacturing Co Ltd	13,700		1,866
Credit Saison Co Ltd	11,300		218	Nippon Electric Glass Co Ltd	6,000		234
Daiwa Securities Group Inc	115,000		720	Omron Corp	13,800		818
Deutsche Boerse AG	13,768		1,563	Yokogawa Electric Corp	16,300		302
Hargreaves Lansdown PLC	18,610		403			$	16,224
Hong Kong Exchanges & Clearing Ltd	83,400		2,522	Energy - Alternate Sources - 0.11%
Japan Exchange Group Inc	37,300		689	Siemens Gamesa Renewable Energy SA	17,007		213
Julius Baer Group Ltd (a)	15,966		939	Vestas Wind Systems A/S	15,373		980
London Stock Exchange Group PLC	22,298		1,140			$	1,193
Mebuki Financial Group Inc	71,600		302	Engineering & Construction - 1.33%
Mitsubishi UFJ Lease & Finance Co Ltd	32,000		183	ACS Actividades de Construccion y Servicios	17,187		664
Nomura Holdings Inc	259,100		1,567	SA
ORIX Corp	94,500		1,637	Aena SME SA (b)	4,816		958
Partners Group Holding AG	1,239		853	Aeroports de Paris	2,118		404
Schroders PLC	8,869		414	Auckland International Airport Ltd	68,094		298
Singapore Exchange Ltd	57,400		320	Boskalis Westminster	6,496		240
Worldpay Group PLC (b)	142,666		814	Bouygues SA	15,297		791
		$	15,563	CIMIC Group Ltd	6,940		270
Electric - 2.39%				CK Infrastructure Holdings Ltd	47,500		404
AGL Energy Ltd	46,782		887	Eiffage SA	5,244		575
AusNet Services	128,769		183	Ferrovial SA	35,052		772
Chubu Electric Power Co Inc	45,900		582	Fraport AG Frankfurt Airport Services	2,969		296
Chugoku Electric Power Co Inc/The	19,900		220	Worldwide
CLP Holdings Ltd	117,500		1,198	HOCHTIEF AG	1,377		242
E.ON SE	157,012		1,819	Japan Airport Terminal Co Ltd	3,300		124
EDP - Energias de Portugal SA	169,541		594	JGC Corp	14,800		258
Electric Power Development Co Ltd	10,500		292	Kajima Corp	64,000		674
Electricite de France SA	41,192		539	LendLease Group	39,540		479
Endesa SA	22,658		505	Obayashi Corp	46,400		602
Enel SpA	580,175		3,769	SATS Ltd	48,200		189
Engie SA	130,287		2,279	Shimizu Corp	39,400		439
Fortum OYJ	31,686		666	Singapore Technologies Engineering Ltd	111,500		271
HK Electric Investments & HK Electric	189,500		174	Skanska AB	24,263		533
Investments Ltd (b)				Sydney Airport	78,696		443
				Taisei Corp	14,800		779

See accompanying notes.

112

Schedule of Investments
International Equity Index Fund
November 30, 2017 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value (000's)	COMMON STOCKS (continued)	Shares Held		Value (000's)
Engineering & Construction (continued)				Gas (continued)
Vinci SA	35,997	$	3,677	Osaka Gas Co Ltd	26,800	$	516
		$	14,382	Snam SpA	162,312		818
Entertainment - 0.41%				Toho Gas Co Ltd	5,300		151
Aristocrat Leisure Ltd	38,718		647	Tokyo Gas Co Ltd	27,800		654
Genting Singapore PLC	431,500		427			$	8,046
Merlin Entertainments PLC (b)	50,723		241	Hand & Machine Tools - 0.58%
Oriental Land Co Ltd/Japan	15,600		1,391	Disco Corp	2,000		448
Paddy Power Betfair PLC	5,718		638	Fuji Electric Co Ltd	40,000		284
Sankyo Co Ltd	3,200		103	Makita Corp	16,000		663
Sega Sammy Holdings Inc	12,400		150	Sandvik AB	80,532		1,384
Tabcorp Holdings Ltd	59,583		220	Schindler Holding AG	2,905		658
Tatts Group Ltd	94,279		310	Schindler Holding AG	1,437		320
Toho Co Ltd/Tokyo	8,100		274	SMC Corp/Japan	4,100		1,670
		$	4,401	Techtronic Industries Co Ltd	98,500		571
Environmental Control - 0.02%				THK Co Ltd	8,600		318
Kurita Water Industries Ltd	7,000		220			$	6,316
				Healthcare - Products - 1.08%
Food - 4.27%				Cochlear Ltd	4,104		562
Ajinomoto Co Inc	38,700		711	Coloplast A/S	8,475		663
Associated British Foods PLC	25,413		1,013	ConvaTec Group PLC (b)	97,444		257
Barry Callebaut AG (a)	156		290	CYBERDYNE Inc (a)	6,900		92
Calbee Inc	5,600		196	Essilor International Cie Generale d'Optique	14,803		1,903
Carrefour SA	41,444		869	SA
Casino Guichard Perrachon SA	3,960		241	Fisher & Paykel Healthcare Corp Ltd	40,701		364
Chocoladefabriken Lindt & Spruengli AG	74		437	Getinge AB	16,318		294
Chocoladefabriken Lindt & Spruengli AG	7		491	Lonza Group AG (a)	5,313		1,393
Chr Hansen Holding A/S	7,055		640	Olympus Corp	20,800		857
Colruyt SA	4,279		227	QIAGEN NV (a)	15,426		489
Danone SA	43,058		3,636	Shimadzu Corp	18,000		431
First Pacific Co Ltd/Hong Kong	154,000		115	Smith & Nephew PLC	62,424		1,105
Frutarom Industries Ltd	2,757		244	Sonova Holding AG	3,734		595
ICA Gruppen AB	5,740		208	Straumann Holding AG	735		548
J Sainsbury PLC	117,159		368	Sysmex Corp	11,200		852
Jeronimo Martins SGPS SA	17,957		353	Terumo Corp	23,100		1,108
Kerry Group PLC	11,308		1,185	William Demant Holding A/S (a)	8,314		229
Kikkoman Corp	10,500		412			$	11,742
Koninklijke Ahold Delhaize NV	91,399		1,956	Healthcare - Services - 0.56%
Marine Harvest ASA (a)	29,721		524	BioMerieux	2,954		247
MEIJI Holdings Co Ltd	8,700		757	Eurofins Scientific SE	788		477
METRO AG (a)	12,845		251	Fresenius Medical Care AG & Co KGaA	15,378		1,533
Nestle SA	222,000		18,992	Fresenius SE & Co KGaA	29,656		2,142
NH Foods Ltd	12,000		295	Healthscope Ltd	123,836		187
Nisshin Seifun Group Inc	14,195		278	Mediclinic International PLC	26,296		201
Nissin Foods Holdings Co Ltd	4,200		304	Ramsay Health Care Ltd	10,091		536
Orkla ASA	58,148		583	Ryman Healthcare Ltd	28,534		205
Seven & i Holdings Co Ltd	53,800		2,227	Sonic Healthcare Ltd	28,410		481
Tesco PLC	584,141		1,533			$	6,009
Toyo Suisan Kaisha Ltd	6,300		269	Holding Companies - Diversified - 0.59%
Wesfarmers Ltd	80,881		2,698	Bollore SA	62,445		332
WH Group Ltd (b)	627,000		668	CK Hutchison Holdings Ltd	193,132		2,437
Wilmar International Ltd	114,300		265	Industrivarden AB	11,916		291
Wm Morrison Supermarkets PLC	159,522		467	Jardine Matheson Holdings Ltd	15,475		969
Woolworths Ltd	92,335		1,890	Jardine Strategic Holdings Ltd	15,804		657
Yakult Honsha Co Ltd	6,300		491	Keppel Corp Ltd	103,800		590
Yamazaki Baking Co Ltd	9,400		182	NWS Holdings Ltd	110,500		202
		$	46,266	Swire Pacific Ltd	35,500		341
Food Service - 0.29%				Wendel SA	2,021		340
Compass Group PLC	112,809		2,288	Wharf Holdings Ltd/The	87,000		275
Sodexo SA	6,457		842			$	6,434
		$	3,130	Home Builders - 0.50%
Forest Products & Paper - 0.25%				Barratt Developments PLC	72,022		591
Mondi PLC	26,197		626	Berkeley Group Holdings PLC	9,243		477
Oji Holdings Corp	61,000		373	Daiwa House Industry Co Ltd	40,500		1,488
Stora Enso OYJ	39,300		601	Iida Group Holdings Co Ltd	10,520		195
UPM-Kymmene OYJ	38,074		1,146	Persimmon PLC	22,017		756
		$	2,746	Sekisui Chemical Co Ltd	28,600		555
Gas - 0.74%				Sekisui House Ltd	41,900		784
Centrica PLC	398,917		780	Taylor Wimpey PLC	233,400		617
Enagas SA	16,179		475			$	5,463
Gas Natural SDG SA	24,984		559	Home Furnishings - 0.75%
Hong Kong & China Gas Co Ltd	599,885		1,173	Electrolux AB	17,163		570
National Grid PLC	243,876		2,920	Hoshizaki Corp	3,800		362
				Panasonic Corp	157,600		2,359

See accompanying notes.

113

Schedule of Investments
International Equity Index Fund
November 30, 2017 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value (000's)	COMMON STOCKS (continued)	Shares Held		Value (000's)
Home Furnishings (continued)				Investment Companies (continued)
SEB SA	1,612	$	297	Pargesa Holding SA	2,755	$	237
Sharp Corp/Japan (a)	10,700		340			$	3,653
Sony Corp	90,300		4,226	Iron & Steel - 0.57%
		$	8,154	ArcelorMittal (a)	47,383		1,427
Insurance - 5.62%				BlueScope Steel Ltd	40,026		416
Admiral Group PLC	14,240		370	Fortescue Metals Group Ltd	111,059		388
Aegon NV	125,787		781	Hitachi Metals Ltd	15,300		204
Ageas	13,444		661	JFE Holdings Inc	37,300		885
AIA Group Ltd	861,600		7,020	Kobe Steel Ltd	22,200		211
Allianz SE	32,067		7,573	Nippon Steel & Sumitomo Metal Corp	54,277		1,326
AMP Ltd	208,184		810	thyssenkrupp AG	31,086		851
Assicurazioni Generali SpA	89,127		1,632	voestalpine AG	8,177		475
Aviva PLC	287,579		1,984			$	6,183
AXA SA	138,344		4,174	Leisure Products & Services - 0.31%
Baloise Holding AG	3,482		537	Carnival PLC	13,367		866
Challenger Ltd/Australia	41,359		441	Flight Centre Travel Group Ltd	3,966		135
CNP Assurances	12,246		275	Shimano Inc	5,300		733
Dai-ichi Life Holdings Inc	77,000		1,587	TUI AG	31,408		580
Direct Line Insurance Group PLC	98,084		485	Yamaha Corp	12,000		443
Gjensidige Forsikring ASA	14,268		259	Yamaha Motor Co Ltd	20,000		629
Hannover Rueck SE	4,303		566			$	3,386
Insurance Australia Group Ltd	168,883		921	Lodging - 0.58%
Japan Post Holdings Co Ltd	112,400		1,296	Accor SA	13,389		671
Legal & General Group PLC	424,937		1,537	City Developments Ltd	29,300		264
Mapfre SA	76,886		259	Crown Resorts Ltd	27,026		253
Medibank Pvt Ltd	196,452		488	Galaxy Entertainment Group Ltd	168,000		1,217
MS&AD Insurance Group Holdings Inc	33,900		1,109	InterContinental Hotels Group PLC	12,876		758
Muenchener Rueckversicherungs-Gesellschaft	11,077		2,469	Kingston Financial Group Ltd	288,000		355
AG in Muenchen				Melco Resorts & Entertainment Ltd ADR	17,577		459
NN Group NV	21,727		953	MGM China Holdings Ltd	68,000		175
Old Mutual PLC	351,831		940	Sands China Ltd	173,200		846
Poste Italiane SpA (b)	37,268		272	Shangri-La Asia Ltd	88,166		199
Prudential PLC	184,457		4,637	SJM Holdings Ltd	142,000		115
QBE Insurance Group Ltd	97,872		793	Whitbread PLC	13,084		631
RSA Insurance Group PLC	72,953		601	Wynn Macau Ltd	111,600		321
Sampo Oyj	31,890		1,684			$	6,264
SCOR SE	12,326		502	Machinery - Construction & Mining - 1.27%
Sompo Holdings Inc	25,250		1,024	ABB Ltd	131,462		3,375
Sony Financial Holdings Inc	12,400		211	Atlas Copco AB - A Shares	47,902		2,059
St James's Place PLC	37,709		619	Atlas Copco AB - B Shares	27,836		1,071
Standard Life Aberdeen PLC	191,138		1,113	Hitachi Construction Machinery Co Ltd	7,700		256
Suncorp Group Ltd	92,213		1,005	Hitachi Ltd	345,000		2,585
Swiss Life Holding AG (a)	2,320		780
				Komatsu Ltd	65,900		2,066
Swiss Re AG	22,435		2,106	Mitsubishi Electric Corp	138,000		2,293
T&D Holdings Inc	37,400		619			$	13,705
Tokio Marine Holdings Inc	48,400		2,147	Machinery - Diversified - 1.30%
Tryg A/S	8,063		196	Alstom SA	10,995		453
UnipolSai Assicurazioni SpA	70,649		166	Amada Holdings Co Ltd	24,200		324
Zurich Insurance Group AG	10,796		3,267	ANDRITZ AG	5,194		290
		$	60,869	CNH Industrial NV	72,981		948
Internet - 0.45%				Daifuku Co Ltd	6,900		379
Auto Trader Group PLC (b)	69,174		315
				FANUC Corp	13,900		3,476
Iliad SA	1,887		441	GEA Group AG	13,045		631
Kakaku.com Inc	10,000		159	Hexagon AB	18,442		907
LINE Corp (a)	3,100		133
				Husqvarna AB	29,728		271
M3 Inc	15,100		500	KION Group AG	5,055		412
Mixi Inc	3,100		144	Kone OYJ	24,122		1,241
Rakuten Inc	66,600		683	Kubota Corp	75,300		1,433
SBI Holdings Inc/Japan	14,490		259	MAN SE	2,515		283
SEEK Ltd	23,713		334	Metso OYJ	8,044		284
Start Today Co Ltd	13,400		410	Mitsubishi Heavy Industries Ltd	22,900		852
Trend Micro Inc/Japan	8,500		483	Nabtesco Corp	8,000		315
United Internet AG	8,775		592	Sumitomo Heavy Industries Ltd	8,300		341
Yahoo Japan Corp	101,700		467	Weir Group PLC/The	15,932		423
		$	4,920	Yaskawa Electric Corp	18,100		807
Investment Companies - 0.34%						$	14,070
Eurazeo SA	3,095		272	Media - 0.68%
EXOR NV	7,737		469	Altice NV - A Shares (a)	37,853		298
Groupe Bruxelles Lambert SA	5,756		620	Axel Springer SE	3,464		274
Investor AB	32,492		1,519	ITV PLC	258,429		559
Kinnevik AB	16,715		536	Lagardere SCA	8,420		276
				Pearson PLC	58,712		562
				ProSiebenSat.1 Media SE	16,622		529

See accompanying notes.

114

Schedule of Investments
International Equity Index Fund
November 30, 2017 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value (000's)	COMMON STOCKS (continued)	Shares Held		Value (000's)
Media (continued)				Oil & Gas Services - 0.04%
RTL Group SA	2,761	$	220	John Wood Group PLC	48,198	$	473
Schibsted ASA - B Shares	6,991		174
Singapore Press Holdings Ltd	114,300		234	Packaging & Containers - 0.11%
Sky PLC (a)	73,575		932	Amcor Ltd/Australia	82,615		969
Telenet Group Holding NV (a)	3,764		263	Toyo Seikan Group Holdings Ltd	11,700		194
Vivendi SA	73,700		1,962			$	1,163
Wolters Kluwer NV	21,536		1,115	Pharmaceuticals - 7.49%
		$	7,398	Alfresa Holdings Corp	13,300		286
Metal Fabrication & Hardware - 0.21%				Astellas Pharma Inc	147,600		1,876
Maruichi Steel Tube Ltd	4,000		113	AstraZeneca PLC	90,294		5,827
MISUMI Group Inc	20,000		587	Bayer AG	58,989		7,530
NSK Ltd	27,600		421	Chugai Pharmaceutical Co Ltd	16,000		827
SKF AB	26,947		610	Daiichi Sankyo Co Ltd	40,500		976
Tenaris SA	33,686		491	Eisai Co Ltd	19,100		1,083
		$	2,222	GlaxoSmithKline PLC	350,850		6,071
Mining - 2.28%				Grifols SA	21,279		621
Alumina Ltd	174,613		296	H Lundbeck A/S	4,967		251
Anglo American PLC	95,186		1,750	Hisamitsu Pharmaceutical Co Inc	4,400		248
Antofagasta PLC	28,131		346	Ipsen SA	2,686		327
BHP Billiton Ltd	229,100		4,779	Kyowa Hakko Kirin Co Ltd	18,600		354
BHP Billiton PLC	150,661		2,740	Medipal Holdings Corp	12,200		238
Boliden AB	19,512		618	Merck KGaA	9,220		982
Fresnillo PLC	15,770		276	Mitsubishi Tanabe Pharma Corp	16,100		348
Glencore PLC (a)	872,795		4,015	Novartis AG	158,668		13,613
Mitsubishi Materials Corp	8,000		269	Novo Nordisk A/S	132,996		6,874
Newcrest Mining Ltd	54,721		961	Ono Pharmaceutical Co Ltd	29,500		674
Norsk Hydro ASA	95,932		652	Orion Oyj	7,428		274
Randgold Resources Ltd	6,716		616	Otsuka Holdings Co Ltd	27,900		1,237
Rio Tinto Ltd	30,260		1,635	Recordati SpA	7,459		336
Rio Tinto PLC	88,069		4,170	Roche Holding AG	50,117		12,665
South32 Ltd	372,210		911	Sanofi	81,049		7,393
Sumitomo Metal Mining Co Ltd	17,700		692	Santen Pharmaceutical Co Ltd	26,100		398
		$	24,726	Shionogi & Co Ltd	21,200		1,182
Miscellaneous Manufacturers - 1.13%				Shire PLC	64,779		3,211
Alfa Laval AB	20,946		496	Sumitomo Dainippon Pharma Co Ltd	11,400		166
FUJIFILM Holdings Corp	29,400		1,204	Suzuken Co Ltd/Aichi Japan	5,100		202
IMI PLC	19,402		330	Taisho Pharmaceutical Holdings Co Ltd	2,200		175
Nikon Corp	24,400		485	Takeda Pharmaceutical Co Ltd	50,800		2,802
Orica Ltd	26,897		348	Teva Pharmaceutical Industries Ltd ADR	65,177		966
Siemens AG	54,570		7,418	UCB SA	9,020		674
Smiths Group PLC	28,223		566	Vifor Pharma AG	3,478		439
Toshiba Corp (a)	288,000		710			$	81,126
Wartsila OYJ Abp	10,553		698	Pipelines - 0.07%
		$	12,255	APA Group	79,488		563
Office & Business Equipment - 0.39%				Koninklijke Vopak NV	5,016		212
Canon Inc	76,100		2,919			$	775
Konica Minolta Inc	34,100		335	Private Equity - 0.13%
Ricoh Co Ltd	50,600		451	3i Group PLC	69,397		846
Seiko Epson Corp	20,000		487	Wharf Real Estate Investment Co Ltd (a)	87,000		526
		$	4,192			$	1,372
Oil & Gas - 4.84%				Real Estate - 1.66%
BP PLC	1,409,012		9,384	Aeon Mall Co Ltd	8,050		148
Caltex Australia Ltd	18,605		482	Azrieli Group Ltd	3,028		162
DCC PLC	6,355		615	CapitaLand Ltd	183,000		481
Eni SpA	181,467		2,985	CK Asset Holdings Ltd	185,132		1,566
Galp Energia SGPS SA	35,757		675	Daito Trust Construction Co Ltd	4,900		897
Idemitsu Kosan Co Ltd	9,700		327	Deutsche Wohnen SE	25,300		1,120
Inpex Corp	67,900		772	Global Logistic Properties Ltd	190,200		473
JXTG Holdings Inc	220,130		1,244	Hang Lung Group Ltd	63,000		227
Lundin Petroleum AB	13,355		308	Hang Lung Properties Ltd	145,000		343
Neste Oyj	9,146		568	Henderson Land Development Co Ltd	85,192		558
Oil Search Ltd	97,818		524	Hongkong Land Holdings Ltd	83,917		614
OMV AG	10,506		654	Hulic Co Ltd	21,300		234
Repsol SA	87,164		1,599	Hysan Development Co Ltd	45,000		241
Royal Dutch Shell PLC - A Shares	321,753		10,289	Kerry Properties Ltd	46,500		206
Royal Dutch Shell PLC - B Shares	267,177		8,657	L E Lundbergforetagen AB	2,711		199
Santos Ltd (a)	133,743		518	Mitsubishi Estate Co Ltd	89,400		1,600
Showa Shell Sekiyu KK	13,500		173	Mitsui Fudosan Co Ltd	63,700		1,445
Statoil ASA	82,059		1,650	New World Development Co Ltd	421,000		612
TOTAL SA	169,462		9,579	Nomura Real Estate Holdings Inc	8,900		206
Woodside Petroleum Ltd	60,095		1,419	REA Group Ltd	3,759		226
		$	52,422	Sino Land Co Ltd	225,073		408
				Sumitomo Realty & Development Co Ltd	25,000		826

See accompanying notes.

115

     Schedule of Investments International Equity Index Fund November 30, 2017 (unaudited)

COMMON STOCKS (continued)	Shares Held		Value (000's)	COMMON STOCKS (continued)	Shares Held		Value (000's)
Real Estate (continued)				Retail (continued)
Sun Hung Kai Properties Ltd	103,000	$	1,689	USS Co Ltd	15,700	$	332
Swire Properties Ltd	83,600		284	Yamada Denki Co Ltd	44,900		244
Swiss Prime Site AG (a)	5,099		440	Zalando SE (a),(b)	7,942		407
Tokyo Tatemono Co Ltd	14,700		204			$	23,168
Tokyu Fudosan Holdings Corp	36,600		265	Semiconductors - 1.37%
UOL Group Ltd	34,700		230	ASM Pacific Technology Ltd	18,900		273
Vonovia SE	34,602		1,631	ASML Holding NV	27,699		4,860
Wheelock & Co Ltd	58,000		399	Infineon Technologies AG	81,023		2,239
		$	17,934	NXP Semiconductors NV (a)	24,682		2,799
REITs - 1.53%				Renesas Electronics Corp (a)	35,700		440
Ascendas Real Estate Investment Trust	177,450		348	Rohm Co Ltd	6,700		690
British Land Co PLC/The	69,367		591	STMicroelectronics NV	45,468		1,029
CapitaLand Commercial Trust	179,700		252	SUMCO Corp	16,600		423
CapitaLand Mall Trust	177,100		269	Tokyo Electron Ltd	11,200		2,084
Daiwa House REIT Investment Corp	103		247			$	14,837
Dexus	72,575		571	Shipbuilding - 0.03%
Fonciere Des Regions	2,373		254	Sembcorp Industries Ltd	70,200		159
Gecina SA	3,362		560	Yangzijiang Shipbuilding Holdings Ltd	164,300		192
Goodman Group	128,452		849			$	351
GPT Group/The	128,516		528	Software - 1.34%
Hammerson PLC	56,583		398	Amadeus IT Group SA	31,304		2,257
ICADE	2,380		221	Dassault Systemes SE	9,246		993
Japan Prime Realty Investment Corp	59		198	DeNA Co Ltd	7,500		170
Japan Real Estate Investment Corp	89		431	Konami Holdings Corp	6,600		350
Japan Retail Fund Investment Corp	191		338	Micro Focus International PLC (a)	31,033		1,046
Klepierre SA	15,698		648	Nexon Co Ltd	14,100		408
Land Securities Group PLC	52,882		668	Oracle Corp Japan	2,700		241
Link REIT	157,500		1,410	Sage Group PLC/The	77,098		807
Mirvac Group	264,707		492	SAP SE	70,107		7,926
Nippon Building Fund Inc	96		480	Ubisoft Entertainment SA (a)	4,498		345
Nippon Prologis REIT Inc	132		283			$	14,543
Nomura Real Estate Master Fund Inc	269		339	Telecommunications - 4.37%
Scentre Group	379,798		1,221	Bezeq The Israeli Telecommunication Corp	147,952		222
Segro PLC	71,298		529	Ltd
Stockland	172,512		616	BT Group PLC	601,337		2,112
Suntec Real Estate Investment Trust	179,700		273	Deutsche Telekom AG	237,753		4,246
Unibail-Rodamco SE	7,125		1,821	Drillisch AG	3,782		289
United Urban Investment Corp	219		310	Elisa OYJ	10,147		413
Vicinity Centres	240,025		510	Eutelsat Communications SA	12,454		282
Westfield Corp	140,825		896	Hikari Tsushin Inc	1,500		217
		$	16,551	HKT Trust & HKT Ltd	270,980		341
Retail - 2.14%				KDDI Corp	129,300		3,690
ABC-Mart Inc	2,200		121	Koninklijke KPN NV	243,688		893
Aeon Co Ltd	43,500		708	Millicom International Cellular SA	4,719		309
Cie Financiere Richemont SA	37,236		3,209	Nice Ltd	4,306		376
Domino's Pizza Enterprises Ltd	4,439		159	Nippon Telegraph & Telephone Corp	49,400		2,579
Don Quijote Holdings Co Ltd	8,500		407	Nokia OYJ	416,319		2,083
Dufry AG (a)	2,498		360	NTT DOCOMO Inc	97,400		2,515
FamilyMart UNY Holdings Co Ltd	5,900		399	Orange SA	142,313		2,449
Fast Retailing Co Ltd	3,800		1,480	PCCW Ltd	303,000		180
Harvey Norman Holdings Ltd	39,699		121	Proximus SADP	10,851		372
Hennes & Mauritz AB	67,727		1,594	SES SA	25,987		429
HUGO BOSS AG	4,521		372	Singapore Telecommunications Ltd	582,500		1,613
Industria de Diseno Textil SA	77,813		2,753	SoftBank Group Corp	59,000		5,008
Isetan Mitsukoshi Holdings Ltd	24,000		279	Spark New Zealand Ltd	130,743		324
J Front Retailing Co Ltd	17,300		293	StarHub Ltd	43,300		92
Kering	5,405		2,397	Swisscom AG	1,849		977
Kingfisher PLC	155,665		702	TDC A/S	57,923		353
Lawson Inc	3,500		242	Tele2 AB	25,799		330
Luxottica Group SpA	12,109		703	Telecom Italia SpA/Milano (a)	813,360		680
Marks & Spencer Group PLC	115,897		491	Telecom Italia SpA/Milano	429,979		291
Marui Group Co Ltd	14,200		252	Telefonaktiebolaget LM Ericsson	219,163		1,380
McDonald's Holdings Co Japan Ltd	4,700		205	Telefonica Deutschland Holding AG	53,047		253
Next PLC	10,491		635	Telefonica SA	323,426		3,316
Nitori Holdings Co Ltd	5,700		931	Telenor ASA	53,553		1,203
Pandora A/S	7,625		764	Telia Co AB	185,327		814
Ryohin Keikaku Co Ltd	1,700		530	Telstra Corp Ltd	296,935		772
Shimamura Co Ltd	1,500		181	TPG Telecom Ltd	26,386		119
Sundrug Co Ltd	5,300		244	Vodafone Group PLC	1,902,286		5,768
Swatch Group AG/The	3,983		282			$	47,290
Swatch Group AG/The	2,201		804	Toys, Games & Hobbies - 0.35%
Takashimaya Co Ltd	21,000		208	Bandai Namco Holdings Inc	14,200		464
Tsuruha Holdings Inc	2,600		359

See accompanying notes.

116

Schedule of Investments
International Equity Index Fund
November 30, 2017 (unaudited)
COMMON STOCKS (continued)			Shares Held		Value (000's)	(b)	Security exempt from registration under Rule 144A of the Securities Act of
Toys, Games & Hobbies (continued)							1933. These securities may be resold in transactions exempt from
Nintendo Co Ltd			8,100	$	3,303		registration, normally to qualified institutional buyers. At the end of the
				$	3,767		period, the value of these securities totaled $7,531 or 0.70% of net assets.
Transportation - 1.81%						(c)	The value of these investments was determined using significant
AP Moller - Maersk A/S			466		840		unobservable inputs.
AP Moller - Maersk A/S			268		460	(d)	Fair value of these investments is determined in good faith by the Manager
Aurizon Holdings Ltd			146,358		589		under procedures established and periodically reviewed by the Board of
Central Japan Railway Co			10,300		1,909		Directors. Certain inputs used in the valuation may be unobservable;
ComfortDelGro Corp Ltd			154,300		230		however, each security is evaluated individually for purposes of ASC 820
Deutsche Post AG			69,259		3,297		which results in not all securities being identified as Level 3 of the fair
DSV A/S			13,554		1,044		value hierarchy. At the end of the period, the fair value of these securities
East Japan Railway Co			23,400		2,267		totaled $0 or 0.00% of net assets.
Hankyu Hanshin Holdings Inc			17,300		672
Kamigumi Co Ltd			8,300		183
Keihan Holdings Co Ltd			6,900		205		Portfolio Summary (unaudited)
Keikyu Corp			16,800		325	Country		Percent
Keio Corp			8,300		367	Japan		23.69	%
Keisei Electric Railway Co Ltd			9,800		315	United Kingdom		14.79	%
Kintetsu Group Holdings Co Ltd			12,900		506	France		10.31	%
Kuehne + Nagel International AG			3,853		677	Germany		9.71	%
Kyushu Railway Co			11,400		353	Switzerland		8.47	%
Mitsui OSK Lines Ltd			8,200		266	Australia		6.61	%
MTR Corp Ltd			106,500		628	Netherlands		4.47	%
Nagoya Railroad Co Ltd			13,200		322	Hong Kong		3.34	%
Nippon Express Co Ltd			5,700		363	Spain		3.19	%
Nippon Yusen KK (a)			11,500		270
						Sweden		2.67	%
Odakyu Electric Railway Co Ltd			21,100		449	United States		2.10	%
Royal Mail PLC			64,200		384	Italy		2.07	%
Seibu Holdings Inc			15,700		285	Denmark		1.75	%
Tobu Railway Co Ltd			13,800		440	Singapore		1.29	%
Tokyu Corp			38,000		608	Belgium		1.10	%
West Japan Railway Co			11,800		869	Finland		0.92	%
Yamato Holdings Co Ltd			25,000		510	Norway		0.63	%
				$	19,633	Ireland		0.60	%
Water - 0.22%						Israel		0.42	%
Severn Trent PLC			16,852		479	Luxembourg		0.31	%
Suez			26,254		484	Austria		0.25	%
United Utilities Group PLC			48,642		540	New Zealand		0.16	%
Veolia Environnement SA			34,160		863	Portugal		0.14	%
				$	2,366	Macao		0.13	%
TOTAL COMMON STOCKS				$	1,051,618	South Africa		0.11	%
INVESTMENT COMPANIES - 1.72%			Shares Held		Value (000's)	Jersey, Channel Islands		0.06	%
Exchange Traded Funds - 1.08%						China		0.05	%
iShares MSCI EAFE ETF			166,129		11,647	Chile		0.03	%
						Mexico		0.03	%
Money Market Funds - 0.64%						Other Assets and Liabilities		0.60	%
Morgan Stanley Institutional Liquidity Funds -			6,939,507		6,940	TOTAL NET ASSETS		100.00	%
Government Portfolio
TOTAL INVESTMENT COMPANIES				$	18,587
PREFERRED STOCKS - 0.58%			Shares Held		Value (000's)
Automobile Manufacturers - 0.38%
Bayerische Motoren Werke AG	3.52	%	3,932	$	341
Porsche Automobil Holding SE	1.01	%	10,924		915
Volkswagen AG 2.06%			13,239		2,810
				$	4,066
Automobile Parts & Equipment - 0.02%
Schaeffler AG 0.50%			11,843		206
Chemicals - 0.02%
FUCHS PETROLUB SE 0.89%			4,958		261
Consumer Products - 0.16%
Henkel AG & Co KGaA 1.62%			12,710		1,727
TOTAL PREFERRED STOCKS				$	6,260
Total Investments				$	1,076,465
Other Assets and Liabilities - 0.60%				$	6,499
TOTAL NET ASSETS - 100.00%				$	1,082,964
(a) Non-income producing security

See accompanying notes.

117

Schedule of Investments
International Equity Index Fund
November 30, 2017 (unaudited)
Futures Contracts
Description and Expiration Date	Type	Contracts		Notional Amount		Value and Unrealized Appreciation/(Depreciation)
eMini MSCI EAFE; December 2017	Long	80	$	8,077	$	140
Total					$	140
Amounts in thousands except contracts

See accompanying notes.

118

     Schedule of Investments International Small Company Fund November 30, 2017 (unaudited)

COMMON STOCKS - 97.21%	Shares Held		Value (000's)	COMMON STOCKS (continued)	Shares Held	Value (000's)
Advertising - 0.36%				Distribution & Wholesale - 0.57%
Stroeer SE & Co KGaA	49,250	$	3,736	Inchcape PLC	584,952	$	5,899
Airlines - 0.67%				Diversified Financial Services - 3.38%
Air Canada (a)	189,300		3,608	Anima Holding SpA (b)	742,947		5,141
Wizz Air Holdings Plc (a),(b)	73,539		3,332	Burford Capital Ltd	311,559		5,188
		$	6,940	Euronext NV (b)	70,890		4,320
Apparel - 1.71%				Fuyo General Lease Co Ltd	56,800		3,781
boohoo.com plc (a)	2,009,850		4,953	Mebuki Financial Group Inc	1,572,910		6,638
Moncler SpA	267,057		7,325	TP ICAP PLC	798,234		5,458
Puma SE	12,587		5,607	Zenkoku Hosho Co Ltd	109,000		4,706
		$	17,885			$	35,232
Automobile Manufacturers - 1.17%				Electric - 0.69%
New Flyer Industries Inc	200,600		7,630	Iren SpA	2,352,269		7,212
Shinmaywa Industries Ltd	470,900		4,542
		$	12,172	Electrical Components & Equipment - 2.44%
Automobile Parts & Equipment - 4.59%				Fujikura Ltd	773,000		7,236
Cie Plastic Omnium SA	148,112		6,411	Furukawa Electric Co Ltd	103,900		5,521
Daikyonishikawa Corp	272,600		4,591	Nexans SA	94,204		6,176
				Philips Lighting NV (b)	173,569		6,568
FCC Co Ltd	193,800		4,921
Georg Fischer AG	8,246		10,867			$	25,501
Rheinmetall AG	85,844		10,937	Electronics - 1.99%
Toyo Tire & Rubber Co Ltd	282,600		5,816	Alps Electric Co Ltd	174,000		5,592
Toyota Boshoku Corp	209,200		4,365	CMK Corp	408,600		3,882
		$	47,908	Mycronic AB	279,795		2,930
				Orbotech Ltd (a)	118,648		6,011
Banks - 3.39%
77 Bank Ltd/The	227,600		5,397	Sumida Corp	134,000		2,374
Aareal Bank AG	178,510		7,935			$	20,789
Israel Discount Bank Ltd (a)	2,083,094		5,914	Engineering & Construction - 4.43%
Mediobanca SpA	596,904		6,889	Cie d'Entreprises CFE	17,414		2,526
Mizrahi Tefahot Bank Ltd	299,228		5,461	Downer EDI Ltd	1,115,284		5,972
Sbanken ASA (b)	287,101		2,731	KAWADA TECHNOLOGIES Inc	36,700		2,041
Virgin Money Holdings UK PLC	270,989		1,007	Kinden Corp	295,200		5,045
		$	35,334	Kyowa Exeo Corp	201,100		4,836
Beverages - 1.22%				Kyudenko Corp	135,800		6,447
Coca-Cola Bottlers Japan Inc	171,300		6,519	Maeda Corp	430,100		6,348
Royal Unibrew A/S	109,513		6,254	Toda Corp	690,000		5,532
		$	12,773	Toshiba Plant Systems & Services Corp	228,500		4,334
Biotechnology - 0.45%				Yokogawa Bridge Holdings Corp	149,700		3,177
Abcam PLC	348,858		4,639			$	46,258
				Entertainment - 1.37%
Building Materials - 2.06%				GVC Holdings PLC	562,197		6,859
				Stars Group Inc/The (a)	323,100		7,408
Buzzi Unicem SpA	261,810		6,965
Ibstock PLC (b)	774,938		2,524			$	14,267
Nichiha Corp	88,000		3,433	Food - 3.88%
Xinyi Glass Holdings Ltd	7,048,000		8,612	Ebro Foods SA	202,219		4,671
		$	21,534	Empire Co Ltd	257,200		4,948
Chemicals - 2.26%				Ezaki Glico Co Ltd	81,600		4,024
Denka Co Ltd	128,200		4,742	Greencore Group PLC	1,136,221		3,232
DIC Corp	94,200		3,535	Greenyard NV	95,826		2,110
Showa Denko KK	250,200		9,354	Morinaga Milk Industry Co Ltd	111,200		4,544
Tosoh Corp	115,400		2,566	Nichirei Corp	197,000		5,722
Zeon Corp	241,000		3,346	Sonae SGPS SA	3,944,784		4,783
		$	23,543	SSP Group Plc	736,933		6,440
Commercial Services - 3.95%						$	40,474
Evotec AG (a)	147,042		2,164	Forest Products & Paper - 1.75%
Hays PLC	3,054,936		7,616	Cascades Inc	274,400		2,731
Kanamoto Co Ltd	162,400		5,629	Smurfit Kappa Group PLC	249,939		7,972
Loomis AB	177,558		7,321	Sumitomo Forestry Co Ltd	438,400		7,572
QinetiQ Group PLC	1,649,993		4,826			$	18,275
Rentokil Initial PLC	1,970,842		8,481	Gas - 0.70%
Societa Iniziative Autostradali e Servizi SpA	290,160		5,124	Rubis SCA	103,158		7,331
		$	41,161
Computers - 2.71%				Healthcare - Products - 0.79%
Bechtle AG	46,860		4,005	Carl Zeiss Meditec AG	83,077		4,923
DTS Corp	142,300		4,720	Japan Lifeline Co Ltd	73,700		3,290
MCJ Co Ltd	366,100		3,703			$	8,213
S&T AG	232,877		4,914	Healthcare - Services - 2.22%
Sopra Steria Group	25,555		4,570	BioMerieux	32,604		2,719
Teleperformance	42,721		6,320	Eurofins Scientific SE	6,708		4,062
		$	28,232	NMC Health PLC	130,512		5,033
Consumer Products - 0.42%				Orpea	54,396		6,554
Ontex Group NV	129,772		4,380	UDG Healthcare PLC	423,562		4,813
						$	23,181

See accompanying notes.

119

     Schedule of Investments International Small Company Fund November 30, 2017 (unaudited)

COMMON STOCKS (continued)	Shares Held		Value (000's)	COMMON STOCKS (continued)	Shares Held		Value (000's)
Holding Companies - Diversified - 1.07%				Pharmaceuticals - 3.08%
Melco International Development Ltd	1,802,000	$	5,217	Amplifon SpA	402,165	$	6,296
Seven Group Holdings Ltd	561,828		5,901	Clinigen Group Plc	243,547		3,352
		$	11,118	Dechra Pharmaceuticals PLC	104,081		3,109
Home Builders - 2.05%				Nippon Shinyaku Co Ltd	74,700		5,354
Bellway PLC	151,768		7,115	Recordati SpA	123,864		5,572
Haseko Corp	564,500		8,805	Sawai Pharmaceutical Co Ltd	90,700		4,435
Redrow PLC	674,583		5,500	Tsumura & Co	115,600		3,999
		$	21,420			$	32,117
Insurance - 1.58%				Private Equity - 1.68%
ASR Nederland NV	238,710		9,722	Intermediate Capital Group PLC	654,805		9,445
Beazley PLC	666,530		4,397	Jafco Co Ltd	151,900		8,040
Hastings Group Holdings PLC (b)	544,353		2,311			$	17,485
		$	16,430	Real Estate - 5.90%
Internet - 2.33%				ADO Properties SA (b)	67,362		3,482
ASOS PLC (a)	81,642		6,704	BUWOG AG (a)	267,744		7,686
Just Eat PLC (a)	595,395		6,427	CA Immobilien Anlagen AG	104,289		3,132
Rightmove PLC	120,243		6,553	Castellum AB	477,983		7,747
Wix.com Ltd (a)	83,716		4,596	Entra ASA (b)	218,801		3,059
		$	24,280	Hemfosa Fastigheter AB	448,607		5,895
Leisure Products & Services - 0.42%				Hysan Development Co Ltd	983,000		5,274
Koshidaka Holdings Co Ltd	99,500		4,375	LEG Immobilien AG	48,762		5,188
				Nexity SA (a)	71,968		4,405
Lodging - 0.44%				Open House Co Ltd	108,700		5,366
Scandic Hotels Group AB (b)	351,615		4,580	TLG Immobilien AG	147,646		3,642
				UOL Group Ltd	1,005,400		6,652
Machinery - Diversified - 3.89%						$	61,528
Deutz AG	525,651		4,392	REITs - 4.44%
Duerr AG	50,165		6,320	Allied Properties Real Estate Investment Trust	111,659		3,590
Ebara Corp	120,100		4,743	Fonciere Des Regions	64,254		6,869
Juki Corp	225,100		3,956	GPT Group/The	1,419,467		5,833
Pfeiffer Vacuum Technology AG	31,677		5,760	H&R Real Estate Investment Trust	305,500		5,006
Sumitomo Heavy Industries Ltd	127,600		5,250	ICADE	52,654		4,889
Toromont Industries Ltd	74,804		3,290	Investa Office Fund	1,438,712		5,256
Valmet OYJ	373,730		6,885	Kenedix Office Investment Corp	261		1,466
		$	40,596	Mapletree Commercial Trust	5,330,858		6,319
Metal Fabrication & Hardware - 0.34%				MCUBS MidCity Investment Corp	1,009		3,548
Aurubis AG	42,709		3,549	Pure Industrial Real Estate Trust	676,900		3,505
						$	46,281
Mining - 3.72%				Retail - 4.14%
Alumina Ltd	2,060,302		3,492	Autogrill SpA	348,051		4,441
Detour Gold Corp (a)	375,190		4,071	B&M European Value Retail SA	1,300,588		6,710
KAZ Minerals PLC (a)	430,585		4,363	Conviviality PLC	494,070		2,724
Kirkland Lake Gold Ltd	420,901		6,065	JD Sports Fashion PLC	1,103,531		4,915
Lundin Mining Corp	371,264		2,164	K's Holdings Corp	283,000		7,304
Mineral Resources Ltd	348,732		5,189	Matsumotokiyoshi Holdings Co Ltd	73,800		6,112
Mitsui Mining & Smelting Co Ltd	114,000		6,505	Sogo Medical Co Ltd	32,600		1,767
Northern Star Resources Ltd	978,454		4,291	Tsuruha Holdings Inc	27,900		3,856
OceanaGold Corp	1,012,273		2,605	Valora Holding AG	15,686		5,341
Vedanta Resources PLC	10,536		99			$	43,170
		$	38,844	Semiconductors - 2.90%
Miscellaneous Manufacturers - 2.00%				IQE PLC (a)	2,411,535		5,661
Aalberts Industries NV	190,831		9,740	Siltronic AG (a)	52,463		7,796
Hill & Smith Holdings PLC	98,880		1,707	SOITEC (a)	82,088		6,279
Towa Corp	253,800		5,108	Tower Semiconductor Ltd (a)	127,654		4,495
Vesuvius PLC	568,308		4,309	Ulvac Inc	89,400		6,071
		$	20,864			$	30,302
Oil & Gas - 3.08%				Software - 0.91%
Aker BP ASA	326,719		7,692	Kinaxis Inc (a)	93,400		5,299
Cairn Energy PLC (a)	805,631		2,306	Open Text Corp	129,700		4,231
DCC PLC	60,155		5,827			$	9,530
Enerplus Corp	570,100		5,192	Telecommunications - 0.57%
Parex Resources Inc (a)	387,467		5,178	Spark New Zealand Ltd	2,411,852		5,984
Whitecap Resources Inc	878,419		5,985
		$	32,180	Transportation - 1.49%
Oil & Gas Services - 0.81%				National Express Group PLC	1,029,063		5,063
CES Energy Solutions Corp	411,705		1,959	Seino Holdings Co Ltd	334,600		5,302
Subsea 7 SA	444,111		6,497	TFI International Inc	206,000		5,185
		$	8,456			$	15,550
Packaging & Containers - 1.20%				TOTAL COMMON STOCKS		$	1,014,047
DS Smith PLC	863,922		6,320
RPC Group PLC	497,207		6,219
		$	12,539

See accompanying notes.

120

			Schedule of Investments
			International Small Company Fund
			November 30, 2017 (unaudited)
INVESTMENT COMPANIES - 1.68%	Shares Held		Value (000's)
Money Market Funds - 1.68%
Goldman Sachs Financial Square Funds -	17,552,888	$	17,553
Government Fund
TOTAL INVESTMENT COMPANIES		$	17,553
Total Investments		$	1,031,600
Other Assets and Liabilities - 1.11%		$	11,631
TOTAL NET ASSETS - 100.00%		$	1,043,231

(a)	Non-income producing security
(b)	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities totaled $38,048 or 3.65% of net assets.

Portfolio Summary (unaudited)
Country	Percent
Japan	26.95	%
United Kingdom	15.03	%
Canada	8.34	%
Germany	7.62	%
France	5.99	%
Italy	5.27	%
Australia	3.69	%
Netherlands	2.93	%
Sweden	2.73	%
Israel	2.54	%
United States	2.18	%
Ireland	2.09	%
Switzerland	1.87	%
Hong Kong	1.83	%
Austria	1.51	%
Norway	1.29	%
Singapore	1.25	%
Luxembourg	1.03	%
Belgium	0.86	%
Finland	0.66	%
Isle of Man	0.66	%
Denmark	0.60	%
New Zealand	0.57	%
United Arab Emirates	0.48	%
Portugal	0.46	%
Spain	0.45	%
India	0.01	%
Other Assets and Liabilities	1.11	%
TOTAL NET ASSETS	100.00	%

See accompanying notes.

121

Schedule of Investments
Multi-Manager Equity Long/Short Fund
November 30, 2017 (unaudited)
COMMON STOCKS - 77.43%	Shares Held	Value (000's)		COMMON STOCKS (continued)	Shares Held		Value (000's)
Advertising - 0.17%				Banks (continued)
Hakuhodo DY Holdings Inc	1,300	$	18	JPMorgan Chase & Co (a)	25,064	$	2,620
Interpublic Group of Cos Inc/The (a)	8,599		170	KeyCorp	14,551		276
Omnicom Group Inc (a)	5,428		388	M&T Bank Corp	761		129
		$	576	Morgan Stanley	6,611		341
Aerospace & Defense - 2.39%				Northern Trust Corp	804		79
Airbus SE	36,849		3,834	PNC Financial Services Group Inc/The	1,036		146
Arconic Inc	1,537		38	Regions Financial Corp	40,363		669
Boeing Co/The	7,554		2,091	Resona Holdings Inc (a)	33,700		179
Harris Corp (a)	2,779		401	State Street Corp	807		77
L3 Technologies Inc	1,188		236	SunTrust Banks Inc	1,198		74
Leonardo SpA (a)	22,014		263	UniCredit SpA (b)	85,988		1,734
Lockheed Martin Corp	372		119	US Bancorp	3,578		197
Northrop Grumman Corp	300		92	Western Alliance Bancorp (b)	2,761		161
Rockwell Collins Inc (a)	3,604		477	Zions Bancorporation	429		21
TransDigm Group Inc (a)	1,206		342			$	15,973
United Technologies Corp (a)	1,770		215	Beverages - 1.48%
		$	8,108	Asahi Group Holdings Ltd	7,500		381
Agriculture - 0.67%				Carlsberg A/S	1,269		150
Altria Group Inc	19,425		1,318	Coca-Cola Co/The (a)	31,642		1,448
Philip Morris International Inc	9,162		941	Constellation Brands Inc (a)	8,474		1,844
		$	2,259	Dr Pepper Snapple Group Inc (a)	4,164		376
Airlines - 0.85%				Ito En Ltd	400		15
Alaska Air Group Inc (a)	2,852		197	Kirin Holdings Co Ltd	500		12
American Airlines Group Inc (a)	10,622		536	Molson Coors Brewing Co (a)	4,806		375
ANA Holdings Inc	4,300		172	Monster Beverage Corp (b)	1,227		77
Delta Air Lines Inc (a)	15,777		835	PepsiCo Inc	3,097		361
Japan Airlines Co Ltd (a)	13,100		481	Suntory Beverage & Food Ltd	300		13
Southwest Airlines Co	8,446		513			$	5,052
United Continental Holdings Inc (b)	2,193		139	Biotechnology - 1.93%
		$	2,873	Amgen Inc (a)	8,347		1,466
Apparel - 0.78%				Biogen Inc (a),(b)	4,623		1,489
Adidas AG	6,951		1,453	Celgene Corp (b)	16,007		1,614
Hanesbrands Inc (a)	8,068		168	Gilead Sciences Inc	24,833		1,857
Michael Kors Holdings Ltd (a),(b)	4,301		251	Regeneron Pharmaceuticals Inc (b)	297		107
Moncler SpA (a)	20,873		573			$	6,533
Ralph Lauren Corp (a)	2,124		202	Building Materials - 0.31%
		$	2,647	Asahi Glass Co Ltd	2,000		84
Automobile Manufacturers - 0.98%				Fortune Brands Home & Security Inc (a)	3,359		230
Fiat Chrysler Automobiles NV (a),(b)	44,222		759	Johnson Controls International plc	10,421		392
General Motors Co (a)	31,444		1,355	Masco Corp (a)	6,891		296
Hino Motors Ltd	1,500		19	Taiheiyo Cement Corp	1,000		41
Isuzu Motors Ltd	2,600		41			$	1,043
PACCAR Inc	1,264		89	Chemicals - 4.66%
Suzuki Motor Corp	1,000		54	Air Products & Chemicals Inc (a)	5,229		853
Volvo AB - B Shares	52,721		1,005	Asahi Kasei Corp	13,500		169
		$	3,322	BASF SE	20,101		2,254
Automobile Parts & Equipment - 0.53%				Daicel Corp	6,700		80
Aisin Seiki Co Ltd	300		16	Eastman Chemical Co (a)	3,180		294
BorgWarner Inc	799		45	FMC Corp	1,311		124
Delphi Automotive PLC (a)	1,007		105	Givaudan SA	402		915
JTEKT Corp	7,800		135	Hitachi Chemical Co Ltd	7,000		185
NGK Insulators Ltd	2,700		52	International Flavors & Fragrances Inc	172		27
NHK Spring Co Ltd	16,600		186	JSR Corp	5,100		98
NOK Corp	1,400		34	Koninklijke DSM NV	8,714		815
Rheinmetall AG	7,813		996	LyondellBasell Industries NV (a)	10,409		1,090
Toyota Boshoku Corp	12,400		259	Mitsubishi Chemical Holdings Corp	1,300		14
				Mitsubishi Gas Chemical Co Inc (a)	16,100		452
		$	1,828
Banks - 4.70%				Mitsui Chemicals Inc	6,900		224
				PPG Industries Inc (a)	12,748		1,489
Aozora Bank Ltd	2,400		93
Bank of America Corp (a)	81,358		2,292	Sherwin-Williams Co/The	14,710		5,875
Bank of New York Mellon Corp/The (a)	2,217		121	Shin-Etsu Chemical Co Ltd	1,400		147
BAWAG Group AG (b),(c)	16,330		839	Sumitomo Chemical Co Ltd	4,000		28
Capital One Financial Corp	1,054		97	Tosoh Corp	30,300		674
Citigroup Inc	3,506		265			$	15,807
Citizens Financial Group Inc	3,936		160	Commercial Services - 1.03%
Comerica Inc	379		32	H&R Block Inc	456		12
Commerzbank AG (b)	51,450		747	ISS A/S	5,459		206
Danske Bank A/S	51,236		1,913	KAR Auction Services Inc (a)	25,942		1,307
Goldman Sachs Group Inc/The	856		212	Moody's Corp (a)	4,910		746
Gunma Bank Ltd/The	14,500		86	Nielsen Holdings PLC (a)	7,882		289
Huntington Bancshares Inc/OH	2,352		34	Persol Holdings Co Ltd	9,200		215
ING Groep NV	100,678		1,819	Recruit Holdings Co Ltd	1,400		33
Intesa Sanpaolo SpA	166,274		560	Robert Half International Inc (a)	2,914		166

See accompanying notes.

122

Schedule of Investments
Multi-Manager Equity Long/Short Fund
November 30, 2017 (unaudited)
COMMON STOCKS (continued)	Shares Held	Value (000's)		COMMON STOCKS (continued)	Shares Held		Value (000's)
Commercial Services (continued)				Electric (continued)
S&P Global Inc	788	$	130	DTE Energy Co	390	$	45
Toppan Printing Co Ltd	11,000		103	Duke Energy Corp (a)	13,084		1,167
Total System Services Inc (a)	4,107		305	Enel SpA (a)	173,651		1,128
		$	3,512	Exelon Corp	2,091		87
Computers - 2.64%				FirstEnergy Corp (a)	9,920		339
Accenture PLC - Class A (a)	4,500		666	Hera SpA (a)	66,093		238
Apple Inc	11,157		1,917	NRG Energy Inc (a)	7,007		194
Cognizant Technology Solutions Corp (a)	14,276		1,032	PG&E Corp	920		50
CSRA Inc	98		3	Pinnacle West Capital Corp (a)	2,053		189
DST Systems Inc	5,660		354	SCANA Corp (a)	3,164		137
Fujitsu Ltd (a)	76,000		569	Southern Co/The	2,186		112
Hewlett Packard Enterprise Co	26,501		370	Terna Rete Elettrica Nazionale SpA	14,918		92
HP Inc (a)	43,738		938	Tokyo Electric Power Co Holdings Inc (b)	8,800		36
Itochu Techno-Solutions Corp	6,900		291	WEC Energy Group Inc	7,242		503
NetApp Inc (a)	34,611		1,956	Xcel Energy Inc	608		31
Nomura Research Institute Ltd	600		27			$	5,176
Otsuka Corp	1,900		142	Electrical Components & Equipment - 0.20%
Seagate Technology PLC (a)	2,241		86	Acuity Brands Inc	927		159
Western Digital Corp (a)	7,440		587	AMETEK Inc (a)	2,915		212
		$	8,938	Brother Industries Ltd	6,900		172
Consumer Products - 0.21%				Emerson Electric Co	1,396		90
Avery Dennison Corp	191		22	Mabuchi Motor Co Ltd	1,000		54
Clorox Co/The (a)	2,881		401			$	687
Kimberly-Clark Corp	2,321		278	Electronics - 0.82%
		$	701	Allegion PLC	821		69
Cosmetics & Personal Care - 0.65%				FLIR Systems Inc	599		28
Beiersdorf AG	3,496		416	Garmin Ltd (a)	1,797		112
Colgate-Palmolive Co	1,911		138	Honeywell International Inc	11,853		1,849
Estee Lauder Cos Inc/The	6,150		768	Hoya Corp	1,000		49
Kao Corp	3,100		206	MINEBEA MITSUMI Inc	14,400		287
Kose Corp	100		15	Nippon Electric Glass Co Ltd	4,500		176
Lion Corp	3,000		56	Omron Corp	600		36
Pigeon Corp	800		31	TE Connectivity Ltd	967		91
Pola Orbis Holdings Inc	9,500		347	Yokogawa Electric Corp	3,100		57
Procter & Gamble Co/The (a)	2,110		190			$	2,754
		$	2,167	Energy - Alternate Sources - 0.16%
Distribution & Wholesale - 0.32%				Vestas Wind Systems A/S	8,761		559
Fastenal Co	625		33
ITOCHU Corp	4,900		85	Engineering & Construction - 0.71%
Marubeni Corp	47,600		318	Jacobs Engineering Group Inc (a)	2,686		176
Mitsubishi Corp (a)	8,400		211	Kajima Corp	60,000		632
Mitsui & Co Ltd	1,200		18	Obayashi Corp	40,900		531
Sojitz Corp	11,400		33	Shimizu Corp	20,200		225
Sumitomo Corp	3,300		51	Taisei Corp	15,400		811
Toyota Tsusho Corp	2,100		79			$	2,375
WW Grainger Inc (a)	1,261		279	Entertainment - 0.13%
		$	1,107	Genting Singapore PLC	158,900		157
Diversified Financial Services - 2.25%				Oriental Land Co Ltd/Japan	200		18
Affiliated Managers Group Inc (a)	7,663		1,522	Sega Sammy Holdings Inc	23,400		283
American Express Co	1,895		185			$	458
Ameriprise Financial Inc	44		7	Environmental Control - 0.11%
BlackRock Inc (a)	3,077		1,542	Republic Services Inc	787		51
Charles Schwab Corp/The	3,287		160	Stericycle Inc (b)	197		13
Discover Financial Services	796		56	Waste Management Inc (a)	3,639		299
E*TRADE Financial Corp (a),(b)	2,032		98			$	363
Franklin Resources Inc (a)	12,458		540	Food - 1.36%
Invesco Ltd (a)	9,085		329	Conagra Brands Inc	6,463		241
Mastercard Inc	2,307		347	Ezaki Glico Co Ltd	200		10
Mebuki Financial Group Inc	12,300		52	General Mills Inc	1,228		69
Nasdaq Inc (a)	4,302		341	Hormel Foods Corp	1,230		45
Navient Corp	572		7	JM Smucker Co/The	34		4
OM Asset Management PLC	48,314		792	Kellogg Co	751		50
Raymond James Financial Inc	315		28	Kraft Heinz Co/The (a)	1,650		134
Synchrony Financial	1,703		61	Kroger Co/The (a)	21,755		563
T Rowe Price Group Inc (a)	5,365		552	Nestle SA	25,458		2,178
Visa Inc (a)	8,939		1,007	NH Foods Ltd	8,000		197
		$	7,626	Sysco Corp	5,829		337
Electric - 1.52%				Toyo Suisan Kaisha Ltd	3,000		128
A2A SpA (a)	262,175		493	Tyson Foods Inc (a)	8,134		669
AES Corp/VA	1,437		15			$	4,625
Ameren Corp	528		34	Gas - 0.01%
CenterPoint Energy Inc (a)	9,537		286	Italgas SpA	1,979		13

See accompanying notes.

123

Schedule of Investments
Multi-Manager Equity Long/Short Fund
November 30, 2017 (unaudited)
COMMON STOCKS (continued)	Shares Held	Value (000's)		COMMON STOCKS (continued)	Shares Held		Value (000's)
Hand & Machine Tools - 0.28%				Internet (continued)
Fuji Electric Co Ltd	24,000	$	170	Symantec Corp	1,338	$	39
SMC Corp/Japan	800		326	Trend Micro Inc/Japan	1,800		102
Snap-on Inc	742		126			$	8,425
Stanley Black & Decker Inc	329		56	Investment Companies - 0.66%
THK Co Ltd	7,300		270	Investor AB	47,750		2,233
		$	948
Healthcare - Products - 3.75%				Iron & Steel - 0.13%
Abbott Laboratories (a)	25,689		1,448	JFE Holdings Inc	17,600		418
Baxter International Inc (a)	13,938		913	Nucor Corp	796		46
Becton Dickinson and Co	23,813		5,434			$	464
Boston Scientific Corp (a),(b)	71,783		1,886	Leisure Products & Services - 0.25%
CR Bard Inc	7,179		2,412	Carnival Corp	1,569		103
Danaher Corp	1,513		143	Harley-Davidson Inc (a)	3,973		200
DiaSorin SpA (a)	1,927		178	Royal Caribbean Cruises Ltd (a)	4,384		543
Edwards Lifesciences Corp (b)	265		31
Hologic Inc (b)	142		6	Lodging - 0.55%		$	846
Varian Medical Systems Inc (a),(b)	2,217		248	Hilton Worldwide Holdings Inc (a)	7,101		551
William Demant Holding A/S (b)	667		18	Marriott International Inc/MD (a)	8,670		1,101
Zimmer Biomet Holdings Inc	440		51	Wyndham Worldwide Corp (a)	2,250		253
		$	12,768			$	1,905
Healthcare - Services - 3.13%				Machinery - Construction & Mining - 0.77%
Aetna Inc (a)	7,033		1,267	Caterpillar Inc (a)	13,603		1,920
Anthem Inc	5,993		1,408	Hitachi Ltd	91,000		682
Centene Corp (a),(b)	4,441		453
Cigna Corp (a)	5,931		1,256			$	2,602
DaVita Inc (b)	526		32	Machinery - Diversified - 1.25%
Envision Healthcare Corp (a),(b)	2,675		85	Amada Holdings Co Ltd	15,900		212
Humana Inc (a)	3,437		897	CNH Industrial NV	138,371		1,797
				Cummins Inc (a)	3,869		648
Laboratory Corp of America Holdings (a),(b)	2,496		395
Quest Diagnostics Inc (a)	3,010		296	Deere & Co	1,246		187
UnitedHealth Group Inc (a)	7,724		1,762	Flowserve Corp	280		12
Universal Health Services Inc (a)	26,114		2,830	Hexagon AB	20,831		1,024
				Nabtesco Corp	1,700		67
		$	10,681	Rockwell Automation Inc	261		50
Home Builders - 0.67%				Roper Technologies Inc	221		59
DR Horton Inc (a)	31,001		1,581
				Sumitomo Heavy Industries Ltd	4,100		169
Haseko Corp	34,800		543	Xylem Inc/NY	390		27
Lennar Corp - A Shares	512		32			$	4,252
PulteGroup Inc	657		22	Media - 2.31%
Sekisui Chemical Co Ltd	4,300		84	CBS Corp	877		49
		$	2,262	Comcast Corp - Class A	10,172		382
Home Furnishings - 0.05%				Discovery Communications Inc - A Shares	12,905		246
Whirlpool Corp	1,072		181	(a),(b)
				DISH Network Corp (a),(b)	27,660		1,401
Insurance - 2.35%				News Corp - A Shares (a)	12,892		208
Allianz SE	9,947		2,349	Scripps Networks Interactive Inc (a)	2,875		235
Allstate Corp/The	720		74	Time Warner Inc (a)	17,238		1,578
Aon PLC (a)	6,504		912	Tokyo Broadcasting System Holdings Inc	3,200		79
Berkshire Hathaway Inc - Class B (a),(b)	13,921		2,687	Twenty-First Century Fox Inc - A Shares (a)	44,170		1,411
Brighthouse Financial Inc (b)	260		15	Viacom Inc - B Shares (a)	9,802		278
Everest Re Group Ltd	293		64	Wolters Kluwer NV	28,122		1,456
Marsh & McLennan Cos Inc (a)	11,311		949
				World Wrestling Entertainment Inc	17,810		507
MS&AD Insurance Group Holdings Inc	3,700		121			$	7,830
Poste Italiane SpA (c)	8,613		63
Progressive Corp/The (a)	6,582		350	Metal Fabrication & Hardware - 0.56%
				Maruichi Steel Tube Ltd	600		17
Prudential Financial Inc	1,795		208	MISUMI Group Inc	1,400		41
Sompo Holdings Inc	1,800		73	SKF AB	82,559		1,869
Torchmark Corp	118		10			$	1,927
Travelers Cos Inc/The	597		81
				Mining - 0.30%
Unum Group	62		4	Freeport-McMoRan Inc (a),(b)	35,180		490
XL Group Ltd	557		22
				Mitsubishi Materials Corp	2,600		88
		$	7,982	Newmont Mining Corp (a)	12,315		455
Internet - 2.48%
Alphabet Inc - A Shares (a),(b)	2,235		2,316			$	1,033
eBay Inc (b)	5,882		204	Miscellaneous Manufacturers - 0.63%
Expedia Inc	343		42	3M Co	1,296		315
F5 Networks Inc (a),(b)	1,673		225	Dover Corp	348		34
				Eaton Corp PLC (a)	4,893		381
Facebook Inc (a),(b)	13,225		2,343
Palo Alto Networks Inc (b)	4,168		607	General Electric Co	18,874		345
Priceline Group Inc/The (a),(b)	1,116		1,941	Illinois Tool Works Inc	753		127
				Ingersoll-Rand PLC (a)	6,690		586
Start Today Co Ltd	19,800		606	Parker-Hannifin Corp	289		54
				Pentair PLC (a)	4,190		298
						$	2,140

See accompanying notes.

124

Schedule of Investments
Multi-Manager Equity Long/Short Fund
November 30, 2017 (unaudited)

COMMON STOCKS (continued)	Shares Held		Value (000's)	COMMON STOCKS (continued)	Shares Held		Value (000's)
Office & Business Equipment - 0.22%				REITs (continued)
Pitney Bowes Inc	52,674	$	562	Realty Income Corp	613	$	34
Xerox Corp (a)	5,826		173	Regency Centers Corp (a)	3,789		257
		$	735	Simon Property Group Inc	676		109
Oil & Gas - 2.80%				Weyerhaeuser Co (a)	16,664		590
Apache Corp (a)	8,431		353			$	1,937
BP PLC ADR	14,400		577	Retail - 4.98%
Chevron Corp	1,595		190	Advance Auto Parts Inc (a)	1,648		166
ConocoPhillips (a)	47,459		2,415	Autogrill SpA (a)	19,579		250
Eni SpA	4,938		81	AutoZone Inc (a),(b)	653		448
Exxon Mobil Corp	9,221		768	Best Buy Co Inc	723		43
Idemitsu Kosan Co Ltd	12,900		435	CarMax Inc (a),(b)	34,358		2,367
Inpex Corp	34,600		394	Citizen Watch Co Ltd	25,500		186
JXTG Holdings Inc (a)	108,200		611	Cosmos Pharmaceutical Corp	500		113
Marathon Petroleum Corp (a)	10,987		688	Costco Wholesale Corp	793		146
Noble Energy Inc (a)	4,774		126	CVS Health Corp (a)	26,805		2,053
Phillips 66 (a)	11,219		1,094	Dollar General Corp	867		76
Pioneer Natural Resources Co	968		151	Dollar Tree Inc (b)	424		44
Royal Dutch Shell PLC ADR	11,924		765	Foot Locker Inc	282		12
Valero Energy Corp (a)	10,203		874	Gap Inc/The (a)	860		28
		$	9,522	Genuine Parts Co (a)	3,245		302
Oil & Gas Services - 0.70%				Home Depot Inc/The	10,650		1,915
Halliburton Co	8,738		365	Izumi Co Ltd	300		18
Schlumberger Ltd (a)	14,491		911	Kohl's Corp (a)	3,674		176
TechnipFMC PLC (a)	37,939		1,087	Lowe's Cos Inc (a)	19,853		1,655
		$	2,363	Matsumotokiyoshi Holdings Co Ltd	3,800		315
Packaging & Containers - 0.24%				McDonald's Corp (a)	9,367		1,611
Ball Corp (a)	7,742		309	McDonald's Holdings Co Japan Ltd	300		13
Packaging Corp of America (a)	2,179		258	Nordstrom Inc	362		16
Sealed Air Corp (a)	3,992		192	O'Reilly Automotive Inc (a),(b)	2,098		496
Toyo Seikan Group Holdings Ltd	700		12	PVH Corp (a)	259		35
WestRock Co (a)	582		36	Ross Stores Inc (a)	6,325		481
		$	807	Ryohin Keikaku Co Ltd	100		31
Pharmaceuticals - 2.91%				Shimamura Co Ltd	900		109
AbbVie Inc	20,782		2,014	Signet Jewelers Ltd (a)	1,347		70
Alfresa Holdings Corp	10,000		215	Target Corp	1,177		70
AmerisourceBergen Corp (a)	5,335		453	Tiffany & Co	270		25
Astellas Pharma Inc (a)	15,700		200	TJX Cos Inc/The	567		43
Bristol-Myers Squibb Co (a)	4,181		264	Tractor Supply Co (a)	2,839		194
Cardinal Health Inc	685		41	USS Co Ltd	700		15
Eli Lilly & Co (a)	8,529		722	Walgreens Boots Alliance Inc (a)	22,323		1,624
Express Scripts Holding Co (a),(b)	15,008		978	Wal-Mart Stores Inc	17,480		1,700
H Lundbeck A/S	8,312		419	Welcia Holdings Co Ltd	1,300		56
Johnson & Johnson (a)	13,748		1,915	Yum! Brands Inc	737		62
Kobayashi Pharmaceutical Co Ltd	900		57			$	16,964
Kyowa Hakko Kirin Co Ltd	1,300		25	Savings & Loans - 0.00%
McKesson Corp	1,533		226	People's United Financial Inc	735		14
Medipal Holdings Corp	7,300		142
Merck & Co Inc (a)	20,997		1,160	Semiconductors - 3.27%
Mitsubishi Tanabe Pharma Corp (a)	7,800		169	Analog Devices Inc (a)	8,225		708
Nippon Shinyaku Co Ltd	2,600		186	Applied Materials Inc (a)	26,495		1,398
Novo Nordisk A/S	2,783		144	Infineon Technologies AG	39,503		1,092
Recordati SpA (a)	7,366		331	Intel Corp (a)	35,134		1,575
Shionogi & Co Ltd (a)	800		45	KLA-Tencor Corp (a)	4,048		414
Sumitomo Dainippon Pharma Co Ltd (a)	9,100		132	Lam Research Corp (a)	4,736		911
Suzuken Co Ltd/Aichi Japan	500		20	Micron Technology Inc (a),(b)	27,616		1,171
Takeda Pharmaceutical Co Ltd	200		11	QUALCOMM Inc (a)	3,208		213
		$	9,869	Rohm Co Ltd	100		10
Pipelines - 0.10%				Skyworks Solutions Inc (a)	4,774		500
ONEOK Inc (a)	6,413		333	STMicroelectronics NV (a)	59,814		1,353
				Texas Instruments Inc (a)	13,284		1,292
Real Estate - 0.45%				Tokyo Electron Ltd	2,400		447
CBRE Group Inc (b)	7,355		319			$	11,084
Vonovia SE	26,289		1,239	Shipbuilding - 0.04%
		$	1,558	Yangzijiang Shipbuilding Holdings Ltd	108,800		127
REITs - 0.57%
Alexandria Real Estate Equities Inc (a)	2,087		265	Software - 2.45%
AvalonBay Communities Inc	1,003		182	CA Inc (a)	9,148		303
Boston Properties Inc	49		6	Electronic Arts Inc (b)	671		71
Digital Realty Trust Inc	1,036		121	GungHo Online Entertainment Inc	71,000		182
Essex Property Trust Inc	143		35	Konami Holdings Corp	1,400		74
Federal Realty Investment Trust	157		21	Microsoft Corp (a)	13,670		1,151
Kimco Realty Corp	926		17	Nexon Co Ltd	8,600		249
Mid-America Apartment Communities Inc (a)	2,932		300	Nuance Communications Inc (a),(b)	155,383		2,415

See accompanying notes.

125

     Schedule of Investments Multi-Manager Equity Long/Short Fund November 30, 2017 (unaudited)

COMMON STOCKS (continued)		Shares Held		Value (000's)		(c)	Security exempt from registration under Rule 144A of the Securities Act of
Software (continued)							1933. These securities may be resold in transactions exempt from
Oracle Corp (a)		28,700	$	1,408			registration, normally to qualified institutional buyers. At the end of the
Oracle Corp Japan		1,700		152			period, the value of these securities totaled $2,054 or 1.08% of net assets.
SAP SE		13,593		1,537		(d)	Security or a portion of the security was pledged to cover margin
Square Enix Holdings Co Ltd		12,100		552			requirements for swap and/or swaption contracts. At the end of the period,
Verint Systems Inc (b)		5,922		259			the value of these securities totaled $12,044 or 3.55% of net assets.
			$	8,353		(e)	Rate shown is the discount rate of the original purchase.
Telecommunications - 3.45%
AT&T Inc		14,775		538
Cellnex Telecom SA (c)		24,474		602
CenturyLink Inc (a)		12,163		177			Portfolio Summary (unaudited)
						Sector		Percent
Cisco Systems Inc		32,586		1,215		Investment Companies		25.06	%
Consolidated Communications Holdings Inc		15,345		217		Consumer, Non-cyclical		17.18	%
Deutsche Telekom AG		122,141		2,181		Industrial		11.73	%
GN Store Nord A/S		12,701		400		Financial		10.97	%
Hikari Tsushin Inc		700		101		Consumer, Cyclical		10.84	%
Juniper Networks Inc (a)		24,730		686
						Technology		8.56	%
Motorola Solutions Inc		2,223		209		Communications		8.41	%
Nippon Telegraph & Telephone Corp (a)		11,300		590
PLAY Communications SA (b),(c)		53,626		550		Basic Materials		5.08	%
						Energy		3.76	%
TDC A/S		61,596		375		Government		3.52	%
VEON Ltd ADR		485,055		1,960		Utilities		1.53	%
Verizon Communications Inc		37,245		1,895		Investments Sold Short		(36.79	)%
			$	11,696		Other Assets and Liabilities		30.15	%
Toys, Games & Hobbies - 0.14%						TOTAL NET ASSETS		100.00	%
Bandai Namco Holdings Inc (a)		14,100		460
Transportation - 3.42%
CSX Corp (a)		49,291		2,748
Expeditors International of Washington Inc		575		37
FedEx Corp		18,782		4,347
JB Hunt Transport Services Inc (a)		2,528		281
Kamigumi Co Ltd		13,000		287
Kansas City Southern		2,129		239
Kyushu Railway Co		1,000		31
Nippon Express Co Ltd (a)		4,000		255
Norfolk Southern Corp		5,082		704
Union Pacific Corp (a)		21,396		2,707
			$	11,636
TOTAL COMMON STOCKS			$	263,019
INVESTMENT COMPANIES - 25.06%		Shares Held		Value (000's)
Money Market Funds - 25.06%
BlackRock Liquidity Funds FedFund Portfolio		10,320,429		10,320
(d)
First American Government Obligations Fund		33,610,253		33,610
Goldman Sachs Financial Square Funds -		28,165,151		28,165
Government Fund
Wells Fargo Advantage Government Money		13,037,395		13,038
Market Fund (d)
			$	85,133
TOTAL INVESTMENT COMPANIES			$	85,133
PREFERRED STOCKS - 0.63%		Shares Held		Value (000's)
Automobile Manufacturers - 0.63%
Volkswagen AG 2.06%		10,108	$	2,146
TOTAL PREFERRED STOCKS			$	2,146
U.S. GOVERNMENT & GOVERNMENT		Principal
AGENCY OBLIGATIONS - 3.52%		Amount (000's)		Value (000's)
U.S. Treasury Bill - 3.52%
1.26%, 04/26/2018(e)	$	12,000	$	11,938
TOTAL U.S. GOVERNMENT & GOVERNMENT AGENCY
OBLIGATIONS			$	11,938
Total Investments			$	362,236
Other Assets and Liabilities - (6.64)%			$	(22,543	)
TOTAL NET ASSETS - 100.00%			$	339,693

(a)	Security or a portion of the security was pledged as collateral for short sales. At the end of the period, the value of these securities totaled $100,469 or 29.58% of net assets.
(b)	Non-income producing security

See accompanying notes.

126

Schedule of Investments
Multi-Manager Equity Long/Short Fund
November 30, 2017 (unaudited)
Futures Contracts
Description and Expiration Date		Type	Contracts		Notional Amount			Value and Unrealized Appreciation/(Depreciation)
AEX Index; December 2017		Long	7	$		900		$				(6	)
CAC40 Index; December 2017		Short	109			6,964						(17	)
CAC40 Index; December 2017		Long	29			1,853						11
DAX Index; December 2017		Short	8			3,107						(31	)
DAX Index; December 2017		Long	5			1,942						78
DJ Euro Stoxx 50; December 2017		Short	329			13,992						(189	)
FTSE/MIB Index; December 2017		Long	1			133						1
FTSE100 Index; December 2017		Short	25			2,478						47
FTSE100 Index; December 2017		Long	30			2,974						(7	)
IBEX 35 Index; December 2017		Long	2			243						4
Japan Topix Index; December 2017		Long	24			3,832						437
MSCI Singapore Index; December 2017		Long	3			86						—
OMXS30 Index; December 2017		Short	66			1,269						17
OMXS30 Index; December 2017		Long	35			673						(9	)
S&P 500 Emini; December 2017		Long	202			26,744						1,721
S&P/TSX 60 Index; December 2017		Long	10			1,475						121
SPI 200 Index; December 2017		Long	11			1,245						60
Total								$				2,238
Amounts in thousands except contracts
Foreign Currency Contracts
									Unrealized Appreciation/(Depreciation)
Counterparty	Settlement Date		Contracts to Accept		In Exchange For			Fair Value		Asset		Liability
Citigroup Inc	12/20/2017	AUD	1,573,000		$	1,250	$	1,190	$	—	$	(60	)
Citigroup Inc	12/20/2017	CAD	2,127,000			1,711		1,649		—		(62	)
Citigroup Inc	12/20/2017	CHF	1,413,000			1,486		1,439		—		(47	)
Citigroup Inc	12/20/2017	DKK	3,772,000			595		604		10		(1	)
Citigroup Inc	12/20/2017	EUR	4,095,000			4,907		4,880		8		(35	)
Citigroup Inc	12/20/2017	GBP	2,328,000			3,015		3,150		135		—
Citigroup Inc	12/20/2017	HKD	4,657,000			596		596		—		—
Citigroup Inc	12/20/2017	ILS	416,000			117		119		2		—
Citigroup Inc	12/20/2017	JPY	584,707,000			5,332		5,201		8		(139	)
Citigroup Inc	12/20/2017	NOK	1,010,000			129		122		—		(7	)
Citigroup Inc	12/20/2017	NZD	44,000			32		30		—		(2	)
Citigroup Inc	12/20/2017	SEK	4,210,000			523		503		—		(20	)
Citigroup Inc	12/20/2017	SGD	384,000			284		285		1		—
Citigroup Inc	03/21/2018	AUD	721,932			548		546		—		(2	)
Citigroup Inc	03/21/2018	CAD	987,932			774		767		—		(7	)
Citigroup Inc	03/21/2018	CHF	645,400			662		662		1		(1	)
Citigroup Inc	03/21/2018	DKK	1,004,000			162		162		—		—
Citigroup Inc	03/21/2018	EUR	2,034,375			2,431		2,438		9		(2	)
Citigroup Inc	03/21/2018	GBP	1,081,732			1,448		1,468		20		—
Citigroup Inc	03/21/2018	HKD	2,328,500			299		299		—		—
Citigroup Inc	03/21/2018	ILS	163,750			47		47		—		—
Citigroup Inc	03/21/2018	NOK	631,250			77		76		—		(1	)
Citigroup Inc	03/21/2018	NZD	19,922			14		14		—		—
Citigroup Inc	03/21/2018	SEK	2,620,625			315		315		1		(1	)
Citigroup Inc	03/21/2018	SGD	354,000			262		263		1		—
Citigroup Inc	03/22/2018	JPY	234,727,000			2,105		2,099		—		(6	)
Morgan Stanley & Co	12/20/2017	CHF	213,000			217		217		—		—
Morgan Stanley & Co	12/20/2017	EUR	242,000			288		288		—		—
Morgan Stanley & Co	12/20/2017	GBP	679,000			900		919		19		—
Morgan Stanley & Co	12/20/2017	SEK	15,134,000			1,808		1,811		3		—
Morgan Stanley & Co	01/11/2018	CAD	728,000			575		565		—		(10	)
Morgan Stanley & Co	01/11/2018	EUR	911,000			1,074		1,087		13		—
Total									$	231	$	(403	)
									Unrealized Appreciation/(Depreciation)
Counterparty	Settlement Date		Contracts to Deliver		In Exchange For			Fair Value		Asset		Liability
Citigroup Inc	12/20/2017	AUD	747,932		$	569	$	566	$	3	$	—
Citigroup Inc	12/20/2017	CAD	997,932			782		774		8		—
Citigroup Inc	12/20/2017	CHF	675,400			689		688		2		(1	)
Citigroup Inc	12/20/2017	DKK	3,772,000			602		604		2		(4	)
Citigroup Inc	12/20/2017	EUR	2,874,375			3,406		3,425		3		(22	)
Citigroup Inc	12/20/2017	GBP	1,091,732			1,456		1,477		—		(21	)
Citigroup Inc	12/20/2017	HKD	2,328,500			298		298		—		—
Citigroup Inc	12/20/2017	ILS	317,750			90		91		—		(1	)
Citigroup Inc	12/20/2017	JPY	349,980,000			3,130		3,113		22		(5	)
Citigroup Inc	12/20/2017	NOK	631,250			77		76		1		—

See accompanying notes.

127

Schedule of Investments
Multi-Manager Equity Long/Short Fund
November 30, 2017 (unaudited)
Foreign Currency Contracts (continued)
										Unrealized Appreciation/(Depreciation)
Counterparty		Settlement Date		Contracts to Deliver			In Exchange For			Fair Value		Asset			Liability
Citigroup Inc		12/20/2017		NZD		26,922	$	19	$	19	$		—	$		—
Citigroup Inc		12/20/2017		SEK		2,637,625		315		315			1			(1	)
Citigroup Inc		12/20/2017		SGD		384,000		284		285			—			(1	)
Citigroup Inc		03/21/2018		EUR		48,000		58		58			—			—
Citigroup Inc		03/22/2018		JPY		15,857,000		143		142			1			—
Morgan Stanley & Co		12/20/2017		CHF		3,258,000		3,295		3,318			—		(23		)
Morgan Stanley & Co		12/20/2017		DKK		12,056,000		1,919		1,931			—		(12		)
Morgan Stanley & Co		12/20/2017		EUR		14,082,000		16,629		16,780			—		(151		)
Morgan Stanley & Co		12/20/2017		SEK		63,117,000		7,528		7,552			4		(28		)
Morgan Stanley & Co		01/11/2018		CAD		728,000		595		565			30			—
Morgan Stanley & Co		01/11/2018		EUR		4,886,000		5,857		5,831			30			(4	)
Morgan Stanley & Co		01/11/2018		PLN		1,996,000		557		566			—			(9	)
Total										$			107	$	(283		)
Amounts in thousands except contracts
Total Return Swaps
			Pay/Receive										Value and Unrealized
			Positive	Financing		Payment	Expiration	Notional		Upfront			Appreciation/(Depreciation)
Counterparty	Reference Entity Contracts		Return	Rate		Frequency	Date	Amount		Payments/(Receipts)				Asset		Liability
Bank of America	MSCI Australia	25	Pay	ASX Australian		Monthly	12/20/2017	AUD	136		$	—	$	—	$	(1	)
NA	Net Return AUD			Bank Bill Short
	Index			Term Rates 1
				Month minus
				.02	%
Bank of America	MSCI Hong	10	Receive	1 month HIBOR		Monthly	12/20/2017	HKD	840			—		—		—
NA	Kong Net Return			plus .40%
	HKD Index
Bank of America	MSCI Hong	55	Receive	1 month HIBOR		Monthly	12/20/2017		4,622			—		2		—
NA	Kong Net Return			plus .40%
	HKD Index
Bank of America	MSCI Italy Net	833	Receive	Euribor 1 Month		Monthly	12/20/2017	EUR		86		—		1		—
NA	Return EUR			plus .01%
	Index
Bank of America	MSCI Italy Net	922	Receive	Euribor 1 Month		Monthly	12/20/2017			95		—		1		—
NA	Return EUR			plus .01%
	Index
Bank of America	MSCI Italy Net	814	Receive	Euribor 1 Month		Monthly	12/20/2017			84		—		1		—
NA	Return EUR			plus .01%
	Index
Bank of America	MSCI Spain Net	1,204	Receive	Euribor 1 Month		Monthly	12/20/2017		246			—		5		—
NA	Return EUR			plus .15%
	Index
Bank of America	MSCI Japan Net	5,770	Receive	ICE LIBOR		Monthly	12/20/2017	JPY	11,367			—		2		—
NA	Return JPY			JPY 1 Month
	Index			minus .10%
Bank of America	MSCI	1	Pay	ICE LIBOR		Monthly	12/20/2017	CHF		3		—		—		—
NA	Switzerland Net			CHF 1 Month
	Return CHF			minus .22%
	Index
Bank of America	MSCI	38	Pay	ICE LIBOR		Monthly	12/20/2017			99		—		—		(2	)
NA	Switzerland Net			CHF 1 Month
	Return CHF			minus .22%
	Index
Bank of America	MSCI United	7	Pay	ICE LIBOR		Monthly	12/20/2017	GBP		78		—		—		—
NA	Kingdom Net			GBP 1 Month
	Return GBP			minus .24%
	Index
Morgan Stanley &	MSCI Singapore	11	Receive	SIBOR 1 Month		Monthly	12/20/2017	SGD		62		—		1		—
Co	Net Return SGD			plus .05%
	Index
Morgan Stanley &	MSCI Singapore	25	Receive	SIBOR 1 Month		Monthly	12/20/2017		141			—		3		—
Co	Net Return SGD			plus .05%
	Index
Total										$		—	$	16	$	(3	)
Amounts in thousands except contracts

See accompanying notes.

128

Schedule of Investments

Multi-Manager Equity Long/Short Fund

November 30, 2017 (unaudited)

Total Return Equity Basket Swaps

Value and Unrealized

Payment

Expiration

Notional

Upfront

Appreciation/(Depreciation)

Counterparty

Fund Pays

Fund Receives

Frequency

Date

Amount

Payments/(Receipts)

Asset

Liability

Deutsche Bank AG(a)

Floating rate

Total return on a custom

Monthly

05/05/2022

$

138,193

$

—

$

2,763

$

—

based on 1 day

basket of long and short

OBFR plus/less

securities traded in USD

spread

Morgan Stanley &

Floating rate

Total return on a custom

Monthly

05/06/2019

1,339

—

—

(28

)

Co

based on 1 week

basket of long and short

NIBOR plus/less securities traded in NOK

spread

Morgan Stanley &

Floating rate

Total return on a custom

Monthly

05/07/2019

1,398

—

14

—

Co

based on 1 day

basket of long and short

HONIX plus/less securities traded in HKD

spread

Morgan Stanley &

Floating rate

Total return on a custom

Monthly

05/06/2019

2,805

—

79

—

Co

based on 1 week

basket of long and short

STIBO plus/less

securities traded in SEK

spread

Morgan Stanley &

Floating rate

Total return on a custom

Monthly

04/06/2018

7,659

—

37

—

Co(b)

based on 1 day

basket of long and short

SONIA plus/less

securities traded in GBP

spread

Morgan Stanley &

Floating rate

Total return on a custom

Monthly

04/06/2018

35,486

—

99

—

Co(c)

based on 1 day

basket of long and short

EONIA plus/less

securities traded in EUR

spread

Morgan Stanley &

Floating rate

Total return on a custom

Monthly

05/07/2018

7,827

—

451

—

Co(d)

based on 1 day

basket of long and short

DISC plus/less

securities traded in CAD

spread

Morgan Stanley &

Floating rate

Total return on a custom

Monthly

05/06/2019

2,549

—

—

(1

)

Co

based on 1 day

basket of long and short

RBACR plus/less securities traded in AUD

spread

Morgan Stanley &

Floating rate

Total return on a custom

Monthly

08/06/2019

5,126

—

54

—

Co(e)

based on 1 day

basket of long and short

TOIS plus/less

securities traded in CHF

spread

Morgan Stanley &

Floating rate

Total return on a custom

Monthly

05/07/2019

11,420

—

663

—

Co(f)

based on 1 day

basket of long and short

SONIA plus/less

securities traded in GBP

spread

Morgan Stanley &

Floating rate

Total return on a custom

Monthly

05/06/2019

29,337

—

1,917

—

Co(g)

based on 1 day

basket of long and short

EONIA plus/less

securities traded in EUR

spread

Total

$

243,139

$

—

$

6,077

$

(29

)

The expiration dates are measured from the commencement of investment in each underlying swap position.

The Fund pays a floating rate based on the reference rate plus/less a spread. The spread is negotiated at the security level and is usually similar within a region but may vary depending on how difficult it is to borrow the security.

Notional Amount represents the total absolute value of the underlying securities.

Amounts in thousands

(a)
Top Underlying Securities
Description	Shares		Notional Amount		% of Total Absolute Notional Amount
eBay Inc	47,491	$	1,647		1.19	%
McKesson Corp	10,447		1,543		1.12	%
Oracle Corp	31,085		1,525		1.10	%
Gilead Sciences Inc	20,189		1,510		1.09	%
LyondellBasell Industries NV	12,710		1,331		0.96	%
Boeing Co/The	4,703		1,302		0.94	%
Envision Healthcare Corp	(40,092	)	(1,280	)	(0.93	)%
FirstEnergy Corp	(35,986	)	(1,229	)	(0.89	)%
Amazon.com Inc	992		1,167		0.85	%
Lear Corp	6,346		1,148		0.83	%
Merck & Co Inc	20,097		1,111		0.80	%
General Motors Co	25,035		1,079		0.78	%
Ball Corp	(26,947	)	(1,075	)	(0.78	)%
ServiceNow Inc	(8,705	)	(1,071	)	(0.77	)%
Western Digital Corp	12,771		1,007		0.73	%
Alphabet Inc - A Shares	955		990		0.72	%

See accompanying notes.

129

Schedule of Investments
Multi-Manager Equity Long/Short Fund
November 30, 2017 (unaudited)
Top Underlying Securities (continued)
Description	Shares		Notional Amount		% of Total Absolute Notional Amount
Square Inc	(25,205	) $	(989	)	(0.72	)%
TransDigm Group Inc	(3,479	)	(987	)	(0.71	)%
Cheniere Energy Inc	(20,234	)	(978	)	(0.71	)%
Pfizer Inc	26,800		972		0.70	%
Perrigo Co PLC	(11,117	)	(970	)	(0.70	)%
Johnson & Johnson	6,773		944		0.68	%
Macquarie Infrastructure Corp	(14,057	)	(939	)	(0.68	)%
Apple Inc	5,452		937		0.68	%
JPMorgan Chase & Co	8,738		913		0.66	%
Biogen Inc	2,822		909		0.66	%
American Airlines Group Inc	(17,987	)	(908	)	(0.66	)%
VEREIT Inc	(114,525	)	(893	)	(0.65	)%
Uniti Group Inc	(54,031	)	(870	)	(0.63	)%
Wabtec Corp/DE	(11,282	)	(868	)	(0.63	)%
Amgen Inc	4,907		862		0.62	%
Spirit AeroSystems Holdings Inc	10,205		860		0.62	%
Honeywell International Inc	5,371		838		0.61	%
Prudential Financial Inc	7,137		827		0.60	%
Hess Corp	(17,974	)	(825	)	(0.60	)%
Facebook Inc	4,632		821		0.59	%
Aflac Inc	9,328		818		0.59	%
Domino's Pizza Inc	(4,309	)	(802	)	(0.58	)%
Arista Networks Inc	(3,331	)	(777	)	(0.56	)%
NRG Energy Inc	(28,037	)	(775	)	(0.56	)%
Alkermes PLC	(14,578	)	(762	)	(0.55	)%
Micron Technology Inc	17,811		755		0.55	%
Advanced Micro Devices Inc	(69,074	)	(752	)	(0.54	)%
Franklin Resources Inc	16,677		723		0.52	%
Walt Disney Co/The	6,872		720		0.52	%
Zayo Group Holdings Inc	(20,176	)	(713	)	(0.52	)%
Post Holdings Inc	(8,859	)	(704	)	(0.51	)%
Ameriprise Financial Inc	4,303		702		0.51	%
Assured Guaranty Ltd	19,246		699		0.50	%
Ultimate Software Group Inc/The	(3,273	)	(691	)	(0.50	)%
(b)
Top Underlying Securities
Description	Shares		Notional Amount		% of Total Absolute Notional Amount
Vodafone Group PLC	690,372	$	2,093		27.33	%
CRH PLC	41,565		1,443		18.85	%
Ashtead Group PLC	54,379		1,397		18.24	%
Shire PLC	20,912		1,037		13.54	%
Smith & Nephew PLC	55,032		974		12.72	%
3i Group PLC	58,555		714		9.32	%
(c)
Top Underlying Securities
Description	Shares		Notional Amount		% of Total Absolute Notional Amount
Vinci SA	23,748	$	2,426		6.84	%
AXA SA	80,164		2,419		6.82	%
Danone SA	28,193		2,381		6.71	%
Schneider Electric SE	27,116		2,330		6.57	%
Airbus SE	22,307		2,321		6.54	%
Eiffage SA	20,912		2,292		6.46	%
Bouygues SA	42,875		2,216		6.24	%
L'Oreal SA	9,856		2,180		6.14	%
Air Liquide SA	17,445		2,178		6.14	%
LVMH Moet Hennessy Louis Vuitton SE	7,242		2,110		5.95	%
Safran SA	19,679		2,097		5.91	%
Atos SE	12,348		1,824		5.14	%
Natixis SA	179,150		1,452		4.09	%
Industria de Diseno Textil SA	41,000		1,450		4.09	%
Engie SA	72,845		1,274		3.59	%
Eurofins Scientific SE	2,022		1,224		3.45	%
Accor SA	19,475		975		2.75	%
Aeroports de Paris	4,750		906		2.55	%
Kering	1,827		810		2.28	%
Arkema SA	5,055		619		1.74	%
(d)
Top Underlying Securities
Description	Shares		Notional Amount		% of Total Absolute Notional Amount
Air Canada	37,917	$	723		9.23	%
Enbridge Inc	(13,472	)	(508	)	(6.49	)%
Fairfax Financial Holdings Ltd	(856	)	(470	)	(6.01	)%
Dollarama Inc	3,751		459		5.86	%
Methanex Corp	8,099		432		5.52	%
TransCanada Corp	(8,577	)	(411	)	(5.26	)%
Magna International Inc	6,629		372		4.75	%

See accompanying notes.

130

Schedule of Investments
Multi-Manager Equity Long/Short Fund
November 30, 2017 (unaudited)
Top Underlying Securities (continued)
Description	Shares		Notional Amount		% of Total Absolute Notional Amount
First Quantum Minerals Ltd	(30,792	) $	(354	)	(4.52	)%
Valeant Pharmaceuticals International Inc	(17,412	)	(293	)	(3.75	)%
National Bank of Canada	5,641		278		3.55	%
Wheaton Precious Metals Corp	(12,061	)	(252	)	(3.22	)%
Canadian Imperial Bank of Commerce	2,752		252		3.22	%
Cameco Corp	(25,609	)	(240	)	(3.07	)%
Canadian Tire Corp Ltd	1,801		228		2.91	%
AltaGas Ltd	(9,576	)	(218	)	(2.78	)%
West Fraser Timber Co Ltd	3,269		207		2.64	%
Keyera Corp	(6,998	)	(197	)	(2.52	)%
Franco-Nevada Corp	(2,364	)	(193	)	(2.46	)%
Encana Corp	15,311		181		2.31	%
Linamar Corp	3,256		176		2.25	%
Stantec Inc	(5,802	)	(157	)	(2.01	)%
Atco Ltd/Canada	3,405		122		1.55	%
Maple Leaf Foods Inc	4,312		116		1.49	%
Agnico Eagle Mines Ltd	(2,412	)	(106	)	(1.35	)%
Goldcorp Inc	(7,841	)	(99	)	(1.27	)%
Yamana Gold Inc	(36,800	)	(94	)	(1.20	)%
Ritchie Bros Auctioneers Inc	(3,223	)	(85	)	(1.09	)%
Bombardier Inc	(31,173	)	(72	)	(0.93	)%
WestJet Airlines Ltd	3,454		72		0.92	%
Genworth MI Canada Inc	1,944		65		0.83	%
Cenovus Energy Inc	6,547		62		0.80	%
Peyto Exploration & Development Corp	(4,494	)	(53	)	(0.68	)%
Bank of Montreal	689		53		0.68	%
Eldorado Gold Corp	(33,722	)	(39	)	(0.50	)%
Teck Resources Ltd	(1,675	)	(38	)	(0.49	)%
Manulife Financial Corp	1,596		34		0.43	%
Lundin Mining Corp	4,626		27		0.34	%
WSP Global Inc	(413	)	(19	)	(0.25	)%
Quebecor Inc	800		15		0.20	%
Industrial Alliance Insurance & Financial Services Inc	326		15		0.19	%
Onex Corp	(196	)	(14	)	(0.18	)%
BlackBerry Ltd	1,143		12		0.16	%
Suncor Energy Inc	353		12		0.16	%
(e)
Top Underlying Securities
Description	Shares		Notional Amount		% of Total Absolute Notional Amount
Credit Suisse Group AG	(58,900	) $	(1,000	)	(19.50	)%
Vifor Pharma AG	(6,677	)	(842	)	(16.43	)%
Temenos Group AG	5,846		722		14.09	%
Adecco Group AG	6,635		502		9.80	%
Lonza Group AG	1,773		465		9.06	%
Sika AG	47		364		7.09	%
Roche Holding AG	1,151		291		5.67	%
Aryzta AG	(5,977	)	(200	)	(3.90	)%
dormakaba Holding AG	168		159		3.11	%
GAM Holding AG	(9,259	)	(147	)	(2.87	)%
ams AG	(1,173	)	(114	)	(2.23	)%
Straumann Holding AG	83		62		1.21	%
Georg Fischer AG	39		51		1.00	%
Chocoladefabriken Lindt & Spruengli AG	(8	)	(47	)	(0.92	)%
Swiss Life Holding AG	123		41		0.81	%
Panalpina Welttransport Holding AG	(219	)	(32	)	(0.63	)%
Bucher Industries AG	63		25		0.49	%
DKSH Holding AG	200		17		0.33	%
Sonova Holding AG	99		16		0.31	%
Sulzer AG	(129	)	(15	)	(0.29	)%
Dufry AG	(85	)	(12	)	(0.24	)%
(f)
Top Underlying Securities
Description	Shares		Notional Amount		% of Total Absolute Notional Amount
BT Group PLC	157,683	$	554		4.85	%
BHP Billiton PLC	30,110		548		4.80	%
John Wood Group PLC	(49,925	)	(490	)	(4.29	)%
Tesco PLC	(181,631	)	(477	)	(4.17	)%
Cobham PLC	(273,686	)	(471	)	(4.12	)%
Taylor Wimpey PLC	166,307		440		3.85	%
Ashtead Group PLC	17,075		439		3.84	%
Just Eat PLC	(35,662	)	(385	)	(3.37	)%
GlaxoSmithKline PLC	21,875		378		3.31	%
GKN PLC	88,215		370		3.24	%
Indivior PLC	70,256		353		3.09	%
Hargreaves Lansdown PLC	(14,226	)	(308	)	(2.70	)%
Experian PLC	(14,594	)	(304	)	(2.66	)%
Hikma Pharmaceuticals PLC	(21,384	)	(298	)	(2.61	)%
Barratt Developments PLC	31,307		257		2.25	%

See accompanying notes.

131

Schedule of Investments
Multi-Manager Equity Long/Short Fund
November 30, 2017 (unaudited)
Top Underlying Securities (continued)
Description	Shares		Notional Amount		% of Total Absolute Notional Amount
ConvaTec Group PLC	(93,806	) $	(247	)	(2.16	)%
Capita PLC	(35,377	)	(223	)	(1.96	)%
Mediclinic International PLC	(28,634	)	(219	)	(1.92	)%
Standard Life Aberdeen PLC	37,143		216		1.90	%
AA PLC	(93,564	)	(191	)	(1.67	)%
Moneysupermarket. com Group PLC	39,525		179		1.57	%
Petrofac Ltd	(31,381	)	(179	)	(1.56	)%
Inmarsat PLC	(26,897	)	(176	)	(1.54	)%
BTG PLC	(17,724	)	(174	)	(1.52	)%
BBA Aviation PLC	38,469		173		1.52	%
Close Brothers Group PLC	8,570		165		1.44	%
WH Smith PLC	5,307		150		1.31	%
Vodafone Group PLC	47,340		144		1.26	%
Old Mutual PLC	49,636		133		1.16	%
Hays PLC	52,134		130		1.14	%
Halma PLC	(7,414	)	(128	)	(1.12	)%
Balfour Beatty PLC	(34,532	)	(124	)	(1.09	)%
Investec PLC	17,671		124		1.08	%
Aggreko PLC	(10,281	)	(118	)	(1.03	)%
RPC Group PLC	(9,020	)	(113	)	(0.99	)%
Thomas Cook Group PLC	(65,447	)	(105	)	(0.92	)%
JD Sports Fashion PLC	23,228		103		0.91	%
Essentra PLC	(14,687	)	(100	)	(0.88	)%
Paysafe Group PLC	12,371		98		0.86	%
easyJet PLC	(5,035	)	(96	)	(0.84	)%
Bellway PLC	1,994		93		0.82	%
Ashmore Group PLC	17,655		90		0.78	%
Intertek Group PLC	(1,237	)	(88	)	(0.77	)%
Provident Financial PLC	(6,944	)	(82	)	(0.72	)%
Rightmove PLC	(1,504	)	(82	)	(0.72	)%
Pennon Group PLC	(7,561	)	(81	)	(0.71	)%
National Grid PLC	6,629		79		0.69	%
Rio Tinto PLC	1,638		78		0.68	%
Burberry Group PLC	2,879		67		0.58	%
Associated British Foods PLC	1,657		66		0.58	%
(g)
Top Underlying Securities
Description	Shares		Notional Amount		% of Total Absolute Notional Amount
Deutsche Lufthansa AG	37,328	$	1,284		4.38	%
Anheuser-Busch InBev SA/NV	(10,202	)	(1,169	)	(3.98	)%
Deutsche Bank AG	(61,600	)	(1,162	)	(3.96	)%
Covestro AG	10,235		1,066		3.63	%
Atos SE	6,271		926		3.16	%
Repsol SA	47,039		863		2.94	%
Uniper SE	26,478		788		2.69	%
Zalando SE	(14,761	)	(756	)	(2.58	)%
Cellnex Telecom SA	(30,608	)	(753	)	(2.57	)%
GEA Group AG	(14,753	)	(713	)	(2.43	)%
Altice NV - A Shares	(86,892	)	(685	)	(2.34	)%
Accor SA	(12,391	)	(621	)	(2.12	)%
Rheinmetall AG	4,610		587		2.00	%
Neste Oyj	9,221		572		1.95	%
Electricite de France SA	(42,925	)	(562	)	(1.92	)%
Edenred	(19,067	)	(545	)	(1.86	)%
Bankia SA	(106,754	)	(513	)	(1.75	)%
Solvay SA	3,503		493		1.68	%
Groupe Eurotunnel SE	(36,694	)	(488	)	(1.66	)%
Philips Lighting NV	11,619		440		1.50	%
Peugeot SA	20,277		419		1.43	%
UPM-Kymmene OYJ	13,343		402		1.37	%
NN Group NV	9,149		401		1.37	%
RWE AG	16,597		380		1.30	%
Software AG	6,805		373		1.27	%
Amer Sports Oyj	(13,979	)	(367	)	(1.25	)%
Air France-KLM	25,257		358		1.22	%
Salzgitter AG	6,767		349		1.19	%
Cie Generale des Etablissements Michelin	2,319		336		1.15	%
bpost SA	10,776		333		1.13	%
Ingenico Group SA	(3,169	)	(332	)	(1.13	)%
Symrise AG	(3,877	)	(330	)	(1.12	)%
Banco Comercial Portugues SA	(1,026,273	)	(315	)	(1.07	)%
Suedzucker AG	14,990		311		1.06	%
ASR Nederland NV	7,261		296		1.01	%
Sartorius AG	(3,026	)	(290	)	(0.99	)%
QIAGEN NV	(8,547	)	(271	)	(0.92	)%
Industria de Diseno Textil SA	(7,178	)	(254	)	(0.86	)%
Carrefour SA	(12,071	)	(253	)	(0.86	)%
Bollore SA	(47,161	)	(250	)	(0.85	)%
Koninklijke Philips NV	6,344		246		0.84	%
Imerys SA	2,676		245		0.83	%

See accompanying notes.

132

Schedule of Investments
Multi-Manager Equity Long/Short Fund
November 30, 2017 (unaudited)
Top Underlying Securities (continued)
Description				Shares		Notional Amount			% of Total Absolute Notional Amount
Fielmann AG				(2,787	) $		(243	)					(0.83	)%
Endesa SA				10,721			239						0.81	%
Mapfre SA				70,366			237						0.81	%
Engie SA				13,504			236						0.80	%
Koninklijke Vopak NV				(5,386	)		(227	)					(0.78	)%
Ipsen SA				1,758			214						0.73	%
Vivendi SA				(7,956	)		(212	)					(0.72	)%
Renault SA				2,049			208						0.71	%
Synthetic Futures
				Notional		Upfront			Unrealized		Fair Value
Counterparty	Reference Entity	Expiration Date		Amount		Payments/(Receipts)			Appreciation/(Depreciation)		Asset	Liability
Morgan Stanley & Co	Swiss Market Index Future;	12/18/2017	$	1,519	$	—	$		53	$	41	$	—
	December 2017
Total				$		—	$		53	$	41	$	—
Amounts in thousands

See accompanying notes.

133

Schedule of Investments
Multi-Manager Equity Long/Short Fund
November 30, 2017 (unaudited)
Short Sales Outstanding
COMMON STOCKS - (32.25)%	Shares	Value (000's)			COMMON STOCKS (continued)	Shares	Value (000's)
Aerospace & Defense - (0.47)%					Building Materials (continued)
General Dynamics Corp	4,652		$	964	Vulcan Materials Co	2,746		$	345
IHI Corp	1,100			34			$		895
Kawasaki Heavy Industries Ltd	4,200			140
Raytheon Co	2,444			467	Chemicals - (1.14)%
		$		1,605	Albemarle Corp	1,979			266
					DowDuPont Inc	21,758			1,566
Agriculture - (0.13)%					Kaneka Corp	2,000			18
Archer-Daniels-Midland Co	10,089			402	Kansai Paint Co Ltd	15,500			407
Golden Agri-Resources Ltd	151,100			42	Monsanto Co		965		114
		$		444	Mosaic Co/The	7,266			177
					Nippon Paint Holdings Co Ltd	11,800			363
Apparel - (0.75)%					Novozymes A/S	12,587			682
Asics Corp	20,600			306	Praxair Inc		555		85
NIKE Inc	26,501			1,601	Toray Industries Inc	17,300			163
Under Armour Inc - Class C	8,441			101			$		3,841
VF Corp	7,290			532
		$		2,540	Commercial Services - (1.51)%
					Automatic Data Processing Inc	7,891			903
Automobile Manufacturers - (0.42)%					Benesse Holdings Inc		700		25
Ferrari NV		164		18	Cintas Corp	1,955			308
Ford Motor Co	74,244			930	Ecolab Inc	5,290			719
Honda Motor Co Ltd	3,100			103	Equifax Inc		702		80
Mazda Motor Corp	21,500			290	Gartner Inc	1,708			206
Mitsubishi Motors Corp	8,500			60	Global Payments Inc	2,821			284
Toyota Motor Corp		200		13	IHS Markit Ltd	7,090			316
		$		1,414	Nets A/S	5,890			154
Automobile Parts & Equipment - (0.37)%					Park24 Co Ltd		900		22
Brembo SpA	1,333			21	PayPal Holdings Inc	17,322			1,312
Goodyear Tire & Rubber Co/The	4,674			151	Quanta Services Inc	2,761			105
NGK Spark Plug Co Ltd	22,000			511	United Rentals Inc	1,568			250
Nifco Inc/Japan		200		13	Verisk Analytics Inc	2,474			239
Sumitomo Rubber Industries Ltd		700		13	Western Union Co/The	9,051			178
Toyota Industries Corp	5,200			325			$		5,101
Yokohama Rubber Co Ltd/The	8,800			198	Computers - (0.78)%
		$		1,232	Accenture PLC - Class A	9,625			1,425
Banks - (1.06)%					DXC Technology Co	5,696			548
Banco BPM SpA	46,214			159	International Business Machines Corp	4,207			648
Bank of Kyoto Ltd/The	7,000			358	Obic Co Ltd		400		28
BB&T Corp	10,497			519			$		2,649
BPER Banca	57,048			313	Consumer Products - (0.06)%
Chugoku Bank Ltd/The	1,700			22	Church & Dwight Co Inc	4,439			209
Fifth Third Bancorp	13,562			414
FinecoBank Banca Fineco SpA	19,246			194
Seven Bank Ltd	70,600			238	Cosmetics & Personal Care - (0.08)%
Shizuoka Bank Ltd/The	4,000			40	Coty Inc	15,498			267
Suruga Bank Ltd	8,900			192
UniCredit SpA	32,862			662	Distribution & Wholesale - (0.06)%
Unione di Banche Italiane SpA	78,295			378	LKQ Corp	5,492			217
Wells Fargo & Co		941		53
		$		3,542
					Diversified Financial Services - (0.90)%
Beverages - (0.34)%					Acom Co Ltd	93,300			390
Brown-Forman Corp - B Shares	6,826			408	AEON Financial Service Co Ltd	13,000			289
Constellation Brands Inc	3,477			757	Affiliated Managers Group Inc		989		196
		$		1,165	Alliance Data Systems Corp		997		239
Biotechnology - (0.78)%					Cboe Global Markets Inc		47		6
Alexion Pharmaceuticals Inc	4,578			503	CME Group Inc	5,468			818
Genmab A/S	1,290			254	Daiwa Securities Group Inc	23,000			144
Illumina Inc	3,033			698	Hitachi Capital Corp		500		12
Incyte Corp	4,384			434	Intercontinental Exchange Inc	11,332			809
Vertex Pharmaceuticals Inc	5,303			765	Orient Corp	92,800			153
		$		2,654			$		3,056
Building Materials - (0.26)%					Electric - (1.82)%
Buzzi Unicem SpA	5,830			155	Alliant Energy Corp	4,337			196
LIXIL Group Corp	1,100			29	American Electric Power Co Inc	8,742			679
Martin Marietta Materials Inc	1,307			272	Chubu Electric Power Co Inc	1,200			15
Rinnai Corp		800		72	Chugoku Electric Power Co Inc/The	32,800			362
TOTO Ltd		400		22	CMS Energy Corp	5,005			250
					Consolidated Edison Inc	5,658			504
					Dominion Energy Inc	8,150			686

See accompanying notes.

134

Schedule of Investments
Multi-Manager Equity Long/Short Fund
November 30, 2017 (unaudited)
Short Sales Outstanding
COMMON STOCKS (continued)	Shares	Value (000's)			COMMON STOCKS (continued)	Shares	Value (000's)
Electric (continued)					Healthcare - Products (continued)
Edison International	5,791		$	471	Patterson Cos Inc	1,686		$	62
Electric Power Development Co Ltd	11,800			328	ResMed Inc	2,550			218
Entergy Corp	3,329			288	Stryker Corp	6,707			1,046
Eversource Energy	5,830			378	Sysmex Corp	6,200			472
Hokuriku Electric Power Co	43,300			382	Thermo Fisher Scientific Inc	7,127			1,374
Kyushu Electric Power Co Inc	30,000			343			$		7,979
NextEra Energy Inc	1,933			305
PPL Corp	12,293			451	Healthcare - Services - (0.28)%
Public Service Enterprise Group Inc	6,478			344	HCA Healthcare Inc	6,346			539
Shikoku Electric Power Co Inc	15,100			203	IQVIA Holdings Inc	4,200			428
		$		6,185			$		967
Electrical Components & Equipment - (0.22)%					Holding Companies - Diversified - (0.02)%
Casio Computer Co Ltd	14,500			213	Keppel Corp Ltd	7,500			43
Nidec Corp	4,000			546	Leucadia National Corp	1,386			37
		$		759			$		80
Electronics - (0.96)%					Home Furnishings - (0.04)%
Agilent Technologies Inc	5,911			409	Hoshizaki Corp		200		19
Alps Electric Co Ltd	13,000			418	Leggett & Platt Inc	2,578			124
Amphenol Corp	5,694			516			$		143
Corning Inc	16,733			542	Housewares - (0.08)%
Fortive Corp	6,224			465	Newell Brands Inc	8,712			270
Hamamatsu Photonics KK	7,900			272
Ibiden Co Ltd	1,300			21
Mettler-Toledo International Inc		540		340	Insurance - (1.63)%
Murata Manufacturing Co Ltd		700		95	Aflac Inc	7,001			614
PerkinElmer Inc	1,977			146	American International Group Inc	15,910			954
Waters Corp		279		55	Arthur J Gallagher & Co		923		61
		$		3,279	Assurant Inc	1,161			117
					Chubb Ltd	2,954			449
Engineering & Construction - (0.14)%					Cincinnati Financial Corp	2,916			218
Chiyoda Corp	8,700			57	Hartford Financial Services Group Inc/The	6,356			365
Fluor Corp	2,508			121	Japan Post Holdings Co Ltd	21,500			248
Japan Airport Terminal Co Ltd	4,200			158	Japan Post Insurance Co Ltd	5,600			122
JGC Corp	5,800			101	Lincoln National Corp	3,903			299
		$		437	Loews Corp	1,625			82
					MetLife Inc	9,650			518
Food - (0.65)%					Sony Financial Holdings Inc	33,000			561
Calbee Inc	15,900			557
Chr Hansen Holding A/S	4,246			385	T&D Holdings Inc	18,300			303
					Tokio Marine Holdings Inc	5,300			235
Hershey Co/The	3,863			429	Unipol Gruppo SpA	2,736			13
Kikkoman Corp	7,900			310
McCormick & Co Inc/MD	2,328			238	Willis Towers Watson PLC	2,351			378
Mondelez International Inc	5,805			249			$		5,537
Nissin Foods Holdings Co Ltd		200		15	Internet - (1.22)%
Yakult Honsha Co Ltd		300		23	Amazon.com Inc		821		966
		$		2,206	Kakaku.com Inc	20,400			324
					M3 Inc	3,000			99
Forest Products & Paper - (0.12)%					MonotaRO Co Ltd	9,400			268
International Paper Co	7,405			419	Netflix Inc	8,922			1,674
					TripAdvisor Inc	2,989			103
Gas - (0.17)%					VeriSign Inc	2,404			277
NiSource Inc	5,984			165	Yahoo Japan Corp	21,800			100
Sempra Energy	2,854			345	Yoox Net-A-Porter Group SpA	9,845			322
Toho Gas Co Ltd	2,600			74			$		4,133
		$		584	Leisure Products & Services - (0.33)%
Healthcare - Products - (2.34)%					Norwegian Cruise Line Holdings Ltd	4,060			220
Align Technology Inc	1,497			390	Shimano Inc	5,800			802
Asahi Intecc Co Ltd		500		33	Yamaha Corp	2,500			92
Becton Dickinson and Co	4,165			951			$		1,114
Boston Scientific Corp	24,275			638
Coloplast A/S	1,087			85	Lodging - (0.19)%
Cooper Cos Inc/The		914		220	MGM Resorts International	10,667			364
DENTSPLY SIRONA Inc	4,112			275	Wynn Resorts Ltd	1,826			289
Henry Schein Inc	3,018			216			$		653
IDEXX Laboratories Inc	1,825			285	Machinery - Diversified - (0.19)%
Intuitive Surgical Inc	1,990			795	Mitsubishi Heavy Industries Ltd	2,600			97
Medtronic PLC	11,041			907	Yaskawa Electric Corp	12,100			540
Olympus Corp		300		12			$		637

See accompanying notes.

135

     Schedule of Investments Multi-Manager Equity Long/Short Fund November 30, 2017 (unaudited)

Short Sales Outstanding

COMMON STOCKS (continued)	Shares	Value (000's)			COMMON STOCKS (continued)	Shares	Value (000's)
Media - (0.43)%					REITs (continued)
Charter Communications Inc	3,207		$	1,046	Crown Castle International Corp	7,480		$	845
DISH Network Corp	2,527			128	Duke Realty Corp		892		25
Mediaset SpA	22,389			84	Equinix Inc	1,494			694
Singapore Press Holdings Ltd	18,000			37	Equity Residential	6,065			405
Walt Disney Co/The	1,598			168	Extra Space Storage Inc	2,240			191
		$		1,463	GGP Inc	8,898			209
					HCP Inc	8,952			237
Metal Fabrication & Hardware - (0.26)%					Host Hotels & Resorts Inc	15,308			303
Tenaris SA	61,480			896	Iron Mountain Inc	4,743			194
					Macerich Co/The	2,988			193
Mining - (0.02)%					Prologis Inc	9,458			626
Sumitomo Metal Mining Co Ltd	1,600			63	Public Storage		282		60
					SBA Communications Corp	2,169			368
Miscellaneous Manufacturers - (0.07)%					SL Green Realty Corp	2,087			213
AO Smith Corp	3,244			206	UDR Inc	4,757			187
Textron Inc		853		48	Ventas Inc		463		30
					Vornado Realty Trust	1,007			78
		$		254	Welltower Inc	5,910			399
Office & Business Equipment - (0.22)%							$		6,402
Konica Minolta Inc	14,200			139
Ricoh Co Ltd	68,900			614	Retail - (2.07)%
					Aeon Co Ltd	24,700			402
		$		753	Chipotle Mexican Grill Inc		503		153
Oil & Gas - (1.39)%					Darden Restaurants Inc	2,207			186
Anadarko Petroleum Corp	9,822			472	Don Quijote Holdings Co Ltd	6,900			330
Andeavor	2,843			300	FamilyMart UNY Holdings Co Ltd	11,200			756
Cabot Oil & Gas Corp	2,144			62	Fast Retailing Co Ltd		600		234
Chesapeake Energy Corp	16,157			66	Isetan Mitsukoshi Holdings Ltd	28,800			335
Cimarex Energy Co	1,973			229	J Front Retailing Co Ltd	3,300			56
Concho Resources Inc	3,030			424	L Brands Inc	5,130			287
Devon Energy Corp	9,331			360	Lawson Inc	1,100			76
EOG Resources Inc	7,785			797	Macy's Inc	5,415			129
EQT Corp	3,585			214	Marui Group Co Ltd	30,300			538
Helmerich & Payne Inc	2,252			132	Pandora A/S	6,870			688
Hess Corp	6,053			278	Starbucks Corp	22,510			1,302
Marathon Oil Corp	15,108			224	Tapestry Inc	5,051			210
Newfield Exploration Co	3,803			118	Ulta Beauty Inc	1,033			229
Occidental Petroleum Corp	6,427			453	Wal-Mart Stores Inc	12,287			1,195
Pioneer Natural Resources Co	3,450			538			$		7,106
Range Resources Corp	4,410			79	Semiconductors - (1.23)%
		$		4,746	Advanced Micro Devices Inc	19,399			211
Oil & Gas Services - (0.36)%					Advantest Corp	6,600			133
Halliburton Co	15,499			647	Broadcom Ltd	5,816			1,617
National Oilwell Varco Inc	7,764			260	Microchip Technology Inc	4,650			405
Saipem SpA	84,612			340	NVIDIA Corp	5,363			1,076
		$		1,247	Qorvo Inc	2,506			192
					Renesas Electronics Corp	12,700			156
Pharmaceuticals - (0.77)%					SUMCO Corp	2,500			64
Allergan PLC	1,902			330	Xilinx Inc	4,419			307
Chugai Pharmaceutical Co Ltd	6,400			331			$		4,161
Eisai Co Ltd	2,100			119
Mylan NV	1,281			47	Software - (2.27)%
Ono Pharmaceutical Co Ltd	15,100			345	Activision Blizzard Inc	13,537			845
Perrigo Co PLC	2,528			220	Adobe Systems Inc	5,204			944
Pfizer Inc	1,901			69	Akamai Technologies Inc	3,317			185
Santen Pharmaceutical Co Ltd	19,800			302	ANSYS Inc	1,509			223
Sosei Group Corp	4,200			414	Autodesk Inc	4,570			501
Zoetis Inc	6,732			487	Cadence Design Systems Inc	5,026			221
		$		2,664	Cerner Corp	7,103			502
					Citrix Systems Inc	2,678			235
Pipelines - (0.33)%					DeNA Co Ltd	7,100			161
Kinder Morgan Inc/DE	40,706			701	Fidelity National Information Services Inc	5,955			562
Williams Cos Inc/The	14,814			430	Fiserv Inc	3,437			452
		$		1,131	Intuit Inc	4,544			714
Real Estate - (0.03)%					Paychex Inc		404		27
Global Logistic Properties Ltd	44,000			109	Red Hat Inc	3,668			465
					salesforce.com Inc	13,369			1,395
					Synopsys Inc	2,674			242
REITs - (1.90)%							$		7,674
American Tower Corp	7,031			1,012
Apartment Investment & Management Co	3,005			133

See accompanying notes.

136

				Schedule of Investments
	Multi-Manager Equity Long/Short Fund
		November 30, 2017 (unaudited)
				Short Sales Outstanding
COMMON STOCKS (continued)	Shares	Value (000's)
Textiles - (0.12)%
Mohawk Industries Inc	1,431		$	404
Toys, Games & Hobbies - (0.10)%
Hasbro Inc	2,218			206
Mattel Inc	6,363			116
		$		322
Transportation - (1.08)%
CH Robinson Worldwide Inc	2,500			217
ComfortDelGro Corp Ltd	16,400			24
Keihan Holdings Co Ltd	6,000			178
Keikyu Corp	16,200			314
Keio Corp	7,300			323
Kintetsu Group Holdings Co Ltd	8,900			349
Mitsubishi Logistics Corp	3,600			97
Nagoya Railroad Co Ltd	9,500			232
Nankai Electric Railway Co Ltd	6,400			160
Nippon Yusen KK	11,800			277
Odakyu Electric Railway Co Ltd	19,000			404
Seibu Holdings Inc	22,600			410
Singapore Post Ltd	28,900			28
United Parcel Service Inc	3,534			429
Yamato Holdings Co Ltd	12,300			251
		$		3,693
Water - (0.09)%
American Water Works Co Inc	3,294			302
TOTAL COMMON STOCKS (proceeds $101,191)		$		109,603
INVESTMENT COMPANIES - (4.54)%	Shares	Value (000's)
Exchange Traded Funds - (4.54)%
Consumer Discretionary Select Sector SPDR	14,863			1,436
Fund
Consumer Staples Select Sector SPDR Fund	26,780			1,501
Health Care Select Sector SPDR Fund	10,673			891
Industrial Select Sector SPDR Fund	14,601			1,088
SPDR S&P 500 ETF Trust	23,245			6,160
Technology Select Sector SPDR Fund	68,359			4,364
		$		15,440
TOTAL INVESTMENT COMPANIES (proceeds $12,622)		$		15,440
TOTAL SHORT SALES (proceeds $113,813)		$		125,043

See accompanying notes.

137

Schedule of Investments
Opportunistic Municipal Fund
November 30, 2017 (unaudited)
INVESTMENT COMPANIES - 0.09%		Shares Held		Value (000's)			Principal
Exchange Traded Funds - 0.09%					MUNICIPAL BONDS (continued)		Amount (000's)		Value (000's)
SPDR Nuveen S&P High Yield Municipal		1,040	$	58	Florida (continued)
Bond ETF					Northern Palm Beach County Improvement
VanEck Vectors High-Yield Municipal Index		1,000		31	District
ETF					5.00%, 08/01/2046	$	700	$	736
VanEck Vectors Short High-Yield Municipal		1,000		24	Orange County Housing Finance Authority
Index ETF					7.00%, 10/01/2025		435		438
			$	113				$	4,622
TOTAL INVESTMENT COMPANIES			$	113	Georgia - 2.19%
		Principal			Atlanta Development Authority
MUNICIPAL BONDS - 103.94%		Amount (000's)		Value (000's)	7.00%, 01/01/2040		2,000		2,083
Alabama - 2.53%					City of Atlanta GA
Lower Alabama Gas District/The					7.38%, 01/01/2031		500		531
5.00%, 09/01/2034	$	2,500	$	3,015				$	2,614
					Illinois - 16.26%
Arizona - 4.32%					Chicago Board of Education
Navajo Nation					5.00%, 12/01/2046		1,000		1,019
5.50%, 12/01/2030(a)		2,500		2,740	Chicago O'Hare International Airport
Salt Verde Financial Corp					5.00%, 01/01/2033		1,250		1,419
5.00%, 12/01/2032		2,000		2,413	Chicago Park District
			$	5,153	5.00%, 01/01/2040		1,000		1,089
California - 9.89%					City of Chicago IL
Abag Finance Authority for Nonprofit Corps					5.50%, 01/01/2042		300		323
5.00%, 08/01/2043		500		559	6.00%, 01/01/2038		2,000		2,292
California Educational Facilities Authority					7.46%, 02/15/2026		1,929		1,390
5.00%, 10/01/2038(b)		900		928	City of Chicago IL Wastewater Transmission
5.00%, 01/01/2039(b)		1,724		1,789	Revenue
California Statewide Communities					5.00%, 01/01/2031		760		837
Development Authority					5.00%, 01/01/2039		1,200		1,297
5.00%, 11/01/2041(a)		375		410	Illinois Finance Authority
California Statewide Communities					5.00%, 02/15/2036		1,000		1,103
Development Authority (credit support from					Illinois State Toll Highway Authority
GNMA COLL)					5.00%, 01/01/2040(b)		5,000		5,666
4.90%, 07/20/2039(c)		500		524	Metropolitan Pier & Exposition Authority
California Statewide Financing Authority					5.00%, 06/15/2057(e)		500		536
6.00%, 05/01/2043		1,000		1,000	Metropolitan Pier & Exposition
Golden State Tobacco Securitization Corp					Authority (credit support from NATL)
5.30%, 06/01/2037		1,000		1,007	5.50%, 06/15/2029(c)		1,000		1,179
5.75%, 06/01/2047		1,200		1,209	State of Illinois
Golden State Tobacco Securitization					5.50%, 07/01/2027		1,150		1,267
Corp (credit support from GOLDEN ST TOB								$	19,417
SECURITIZATION)					Indiana - 0.56%
5.00%, 06/01/2033(c)		970		970	Indiana Finance Authority
La Verne Public Financing Authority					5.00%, 10/01/2044		300		322
7.25%, 09/01/2026		595		596	Town of Shoals IN
Morongo Band of Mission Indians/The					7.25%, 11/01/2043		300		341
6.50%, 03/01/2028(a)		825		834				$	663
Oakland Unified School District/Alameda					Louisiana - 3.65%
County					Louisiana Local Government Environmental
5.00%, 08/01/2035		1,225		1,417	Facilities & Community Development
Sacramento Area Flood Control					Authority
Agency (credit support from BAM)					3.50%, 11/01/2032		2,000		2,000
5.00%, 10/01/2039(c)		500		563	Louisiana Public Facilities Authority
			$	11,806	0.00%, 07/01/2039(f)		278		3
Colorado - 4.28%					Parish of St John the Baptist LA
Centerra Metropolitan District No 1					5.13%, 06/01/2037		2,350		2,354
5.00%, 12/01/2037(a)		1,000		1,037				$	4,357
City & County of Denver CO					Maine - 0.90%
5.00%, 10/01/2032		700		758	Finance Authority of Maine
Colorado Health Facilities Authority					5.25%, 01/01/2025(a)		1,000		1,072
5.00%, 05/15/2040		1,000		1,110
Eagle County Airport Terminal Corp					Maryland - 0.89%
5.00%, 05/01/2037		1,000		1,138	City of Westminster MD
Southlands Metropolitan District No 1					6.25%, 07/01/2044		600		647
5.00%, 12/01/2047(e)		1,000		1,067	Maryland Economic Development Corp
			$	5,110	5.38%, 06/01/2025		390		415
Connecticut - 2.12%								$	1,062
Mohegan Tribal Finance Authority					Michigan - 0.93%
7.00%, 02/01/2045(a)		2,400		2,535	Michigan Finance Authority
					5.00%, 07/01/2035		1,000		1,111
Florida - 3.88%
Greater Orlando Aviation Authority
5.00%, 10/01/2047(b)		2,999		3,448

See accompanying notes.

138

Schedule of Investments
Opportunistic Municipal Fund
November 30, 2017 (unaudited)
		Principal					Principal
MUNICIPAL BONDS (continued)		Amount (000's)		Value (000's)	MUNICIPAL BONDS (continued)		Amount (000's)	Value (000's)
Minnesota - 1.02%					Ohio (continued)
Housing & Redevelopment Authority of The					Ohio Air Quality Development Authority
City of St Paul Minnesota					3.75%, 12/01/2023(d)	$	1,000	$	472
5.00%, 11/15/2030	$	1,000	$	1,213	4.50%, 01/15/2048(a),(e)		1,000		1,038
								$	7,267
Missouri - 1.36%					Oklahoma - 2.11%
City of St Louis MO Airport Revenue (credit					Oklahoma Development Finance Authority
support from NATL)					5.00%, 08/01/2047		1,000		1,091
5.50%, 07/01/2028(c)		400		506	Tulsa Airports Improvement Trust
Kansas City Industrial Development					5.00%, 06/01/2035(d)		300		326
Authority					Tulsa County Industrial Authority
5.00%, 04/01/2046(a)		1,100		1,120	5.25%, 11/15/2045		1,000		1,108
			$	1,626				$	2,525
Montana - 1.24%					Oregon - 0.44%
City of Kalispell MT					Warm Springs Reservation Confederated
5.25%, 05/15/2037		1,400		1,482	Tribe
					6.38%, 11/01/2033		500		529
Nevada - 2.29%
Las Vegas Redevelopment Agency					Pennsylvania - 2.43%
5.00%, 06/15/2030		1,415		1,624	Lancaster County Hospital Authority/PA
5.00%, 06/15/2045		1,000		1,108	5.00%, 07/01/2045		1,250		1,334
			$	2,732	Pennsylvania Economic Development
New Jersey - 7.31%					Financing Authority
Casino Reinvestment Development Authority					5.50%, 11/01/2044		1,000		1,060
5.25%, 11/01/2039		250		267	6.00%, 06/01/2031		500		501
Essex County Improvement Authority								$	2,895
5.25%, 07/01/2045(a)		1,300		1,307	South Carolina - 0.44%
New Jersey Economic Development					South Carolina Jobs-Economic Development
Authority					Authority
5.00%, 07/15/2028		500		555	5.25%, 11/15/2047		500		527
5.63%, 11/15/2030		1,500		1,702
5.75%, 09/15/2027		500		552	South Dakota - 0.42%
New Jersey Economic Development					Oglala Sioux Tribe
Authority (credit support from ST APPROP)					5.75%, 10/01/2025(a)		500		504
5.25%, 06/15/2040(c)		1,000		1,085
New Jersey Transportation Trust Fund					Tennessee - 3.35%
Authority					Chattanooga Health Educational & Housing
5.25%, 06/15/2032		2,000		2,188	Facility Board
South Jersey Port Corp					5.00%, 10/01/2028		1,050		1,200
5.00%, 01/01/2048(e)		1,000		1,072	5.00%, 10/01/2035		500		550
			$	8,728	Metropolitan Government Nashville &
New York - 5.93%					Davidson County Health & Educational
Brooklyn Arena Local Development Corp					Facilities Board
6.25%, 07/15/2040		480		527	5.00%, 07/01/2040		2,000		2,247
Build NYC Resource Corp								$	3,997
5.00%, 07/01/2035		1,500		1,659	Texas - 8.92%
Glen Cove Local Economic Assistance Corp					Arlington Higher Education Finance Corp
5.00%, 01/01/2056		1,000		1,041	5.00%, 12/01/2046		1,100		1,190
New York Counties Tobacco Trust VI					Austin Convention Enterprises Inc
5.00%, 06/01/2041		400		428	5.00%, 01/01/2034		500		568
New York State Thruway Authority					5.00%, 01/01/2034		300		339
5.25%, 01/01/2056		1,000		1,160	City of Houston TX Airport System Revenue
New York Transportation Development Corp					4.50%, 07/01/2020		1,000		1,052
5.00%, 08/01/2021		1,500		1,629	Harris County Cultural Education Facilities
5.00%, 01/01/2023		560		627	Finance Corp
			$	7,071	6.00%, 10/01/2043		1,075		1,238
North Carolina - 1.52%					New Hope Cultural Education Facilities
North Carolina Eastern Municipal Power					Finance Corp
Agency					5.00%, 07/01/2030		500		441
5.25%, 01/01/2020		750		752	North Texas Tollway Authority
North Carolina Medical Care Commission					5.00%, 01/01/2045		615		693
5.25%, 10/01/2035		1,000		1,061	5.00%, 01/01/2048		500		567
			$	1,813	Port Beaumont Navigation District
Ohio - 6.10%					7.25%, 02/01/2036(a),(d)		1,000		1,025
Buckeye Tobacco Settlement Financing					Tarrant County Cultural Education Facilities
Authority					Finance Corp
6.00%, 06/01/2042		2,500		2,381	6.00%, 11/15/2027		1,000		1,088
Buckeye Tobacco Settlement Financing					Texas Private Activity Bond Surface
Authority (credit support from BUCKEYE					Transportation Corp
OHIO TOB SETTLEMENT)					6.88%, 12/31/2039		550		605
5.75%, 06/01/2034(c)		2,000		1,869	7.00%, 12/31/2038		300		358
County of Hamilton OH
5.00%, 01/01/2036		1,400		1,507

See accompanying notes.

139

     Schedule of Investments Opportunistic Municipal Fund November 30, 2017 (unaudited)

		Principal					Portfolio Summary (unaudited)
MUNICIPAL BONDS (continued)		Amount (000's)			Value (000's)		Sector	Percent
Texas (continued)							Revenue Bonds	78.78	%
University of Texas System/The							Insured	6.45	%
3.00%, 08/15/2035(e)	$	1,500		$	1,462		Prerefunded	6.26	%
				$	10,626		General Obligation Unlimited	6.18	%
Utah - 0.84%							Tax Allocation	3.16	%
Utah Charter School Finance Authority (credit							Certificate Participation	1.16	%
support from UT CSCE)							General Obligation Limited	0.91	%
5.38%, 06/15/2048(a),(c)		1,000			1,000		Special Assessment	0.62	%
							Special Tax	0.42	%
Virginia - 0.90%							Investment Companies	0.09	%
County of Botetourt VA							Liability For Floating Rate Notes Issued	(5.24	)%
6.00%, 07/01/2044		1,000			1,073		Other Assets and Liabilities	1.21	%
							TOTAL NET ASSETS	100.00	%
Washington - 1.45%
Port of Seattle Industrial Development Corp
5.00%, 04/01/2030		500			550
Washington Economic Development Finance
Authority
7.50%, 01/01/2032(a)		1,000			1,187
				$	1,737
West Virginia - 0.44%
Monongalia County Commission Special
District
5.75%, 06/01/2043(a)		500			520
Wisconsin - 3.03%
Public Finance Authority
4.00%, 08/01/2035		500			486
5.00%, 12/01/2025(a)		2,200			2,484
5.25%, 04/01/2030		600			647
				$	3,617
TOTAL MUNICIPAL BONDS				$	124,019
Total Investments				$	124,132
Liability for Floating Rate Notes Issued in Conjunction with
Securities Held - (5.24)%
Notes with interest rates of 0.99% - 1.15% at	$	(6,248	)	$	(6,248	)
November 30, 2017 and contractual maturity
of collateral from 2018-2025.(g)
Total Net Investments				$	117,884
Other Assets and Liabilities - 1.21%				$	1,439
TOTAL NET ASSETS - 100.00%				$	119,323

(a)	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities totaled $18,813 or 15.77% of net assets.
(b)	Security or portion of underlying security related to Inverse Floaters entered into by the Fund. See Notes to Financial Statements for additional information.
(c)	Credit support indicates investments that benefit from credit enhancement or liquidity support provided by a third party bank, institution, or government agency.
(d)	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. These securities do not indicate a reference rate and spread in their description.
(e)	Security purchased on a when-issued basis.
(f)	Non-income producing security
(g)	Floating rate securities. The interest rate(s) shown reflect the rates in effect at November 30, 2017.

See accompanying notes.

140

     Schedule of Investments Origin Emerging Markets Fund November 30, 2017 (unaudited)

COMMON STOCKS - 96.38%	Shares Held		Value (000's)	COMMON STOCKS (continued)	Shares Held		Value (000's)
Advertising - 0.63%				Holding Companies - Diversified (continued)
Smiles Fidelidade SA	204,079	$	4,676	Siam Cement PCL/The	496,100	$	7,272
						$	9,292
Agriculture - 0.85%				Home Furnishings - 0.42%
KT&G Corp	56,106		6,310	Haier Electronics Group Co Ltd (b)	1,155,000		3,116
Automobile Manufacturers - 2.51%				Insurance - 4.58%
Geely Automobile Holdings Ltd	3,553,600		12,473	Ping An Insurance Group Co of China Ltd	2,767,400		27,462
Great Wall Motor Co Ltd	5,178,800		6,093	Powszechny Zaklad Ubezpieczen SA	250,000		3,150
		$	18,566	Samsung Life Insurance Co Ltd	28,444		3,358
Automobile Parts & Equipment - 0.52%						$	33,970
Minth Group Ltd	693,000		3,881	Internet - 15.24%
				Alibaba Group Holding Ltd ADR(b)	190,200		33,681
Banks - 12.73%				Autohome Inc ADR(b)	77,600		4,297
China Construction Bank Corp	27,705,828		24,305	NCSoft Corp	42,200		17,010
China Merchants Bank Co Ltd	3,754,300		14,833	Tencent Holdings Ltd	715,105		36,614
Industrial & Commercial Bank of China Ltd	25,959,300		20,304	Weibo Corp ADR(b)	95,000		10,313
Kiatnakin Bank PCL (a)	1,388,500		3,206	YY Inc ADR(b)	107,000		11,041
OTP Bank PLC	92,000		3,517			$	112,956
Sberbank of Russia PJSC ADR	1,344,600		21,985	Iron & Steel - 1.17%
Thanachart Capital PCL (a)	2,027,300		3,497	Kumba Iron Ore Ltd	258,800		6,138
Turkiye Garanti Bankasi AS	1,100,000		2,695	Severstal PJSC	163,400		2,539
		$	94,342			$	8,677
Building Materials - 2.62%				Media - 0.82%
Anhui Conch Cement Co Ltd	2,511,700		12,097	CJ E&M Corp	76,900		6,089
China Resources Cement Holdings Ltd	5,263,000		3,489
Xinyi Glass Holdings Ltd	3,118,900		3,811	Metal Fabrication & Hardware - 1.32%
		$	19,397	Catcher Technology Co Ltd	898,600		9,745
Chemicals - 4.95%
Kingboard Laminates Holdings Ltd	2,200,000		3,656	Mining - 0.82%
LG Chem Ltd	38,000		14,639	Grupo Mexico SAB de CV	786,600		2,461
Lotte Chemical Corp	30,820		10,182	Korea Zinc Co Ltd	8,000		3,586
PTT Global Chemical PCL (a)	3,376,700		8,222			$	6,047
		$	36,699	Miscellaneous Manufacturers - 3.35%
Coal - 2.04%				Largan Precision Co Ltd	87,145		15,053
China Shenhua Energy Co Ltd	6,104,800		15,095	Sunny Optical Technology Group Co Ltd	582,925		9,802
						$	24,855
Commercial Services - 4.30%				Oil & Gas - 4.26%
Kroton Educacional SA	1,481,700		8,180	Polski Koncern Naftowy ORLEN SA	155,139		4,876
Localiza Rent a Car SA	658,230		4,021	PTT PCL (a)	537,000		6,790
New Oriental Education & Technology Group	164,400		13,951	SK Innovation Co Ltd	34,466		6,576
Inc ADR				Star Petroleum Refining PCL (a)	6,630,000		3,293
Qualicorp SA	330,000		3,089	Thai Oil PCL (a)	1,221,000		3,483
Zhejiang Expressway Co Ltd	2,211,300		2,658	Tupras Turkiye Petrol Rafinerileri AS	212,300		6,569
		$	31,899			$	31,587
Diversified Financial Services - 2.95%				Pharmaceuticals - 2.30%
Hana Financial Group Inc	85,400		3,727	CSPC Pharmaceutical Group Ltd	1,978,000		3,944
KB Financial Group Inc	161,400		8,912	Richter Gedeon Nyrt	208,032		5,375
Meritz Securities Co Ltd	749,000		3,279	Sino Biopharmaceutical Ltd	3,400,000		4,470
Shinhan Financial Group Co Ltd	65,000		2,900	Sinopharm Group Co Ltd	818,800		3,233
Taishin Financial Holding Co Ltd	6,754,253		3,048			$	17,022
		$	21,866	Real Estate - 1.01%
Electronics - 5.44%				China Vanke Co Ltd	2,045,400		7,478
AAC Technologies Holdings Inc	920,518		18,497
BYD Electronic International Co Ltd	2,395,500		5,768	Retail - 2.25%
Hon Hai Precision Industry Co Ltd	2,249,300		7,551	ANTA Sports Products Ltd	2,297,300		10,295
Hon Hai Precision Industry Co Ltd	1,266,733		8,480	Man Wah Holdings Ltd	3,250,000		2,837
		$	40,296	Zhongsheng Group Holdings Ltd	1,706,000		3,521
Engineering & Construction - 0.61%						$	16,653
Grupo Aeroportuario del Centro Norte SAB de	899,200		4,544	Semiconductors - 11.64%
CV				Nanya Technology Corp	1,642,000		4,288
				Phison Electronics Corp	561,100		5,715
Food - 1.48%				Powertech Technology Inc	1,014,500		3,095
BIM Birlesik Magazalar AS	160,000		2,951	Samsung Electronics Co Ltd	28,877		34,018
X5 Retail Group NV (b)	215,900		8,032	Taiwan Semiconductor Manufacturing Co Ltd	838,317		33,197
		$	10,983	ADR
Forest Products & Paper - 0.78%				Win Semiconductors Corp	556,104		5,996
Mondi PLC	241,954		5,781			$	86,309
				Software - 1.69%
Gas - 0.47%				Chinasoft International Ltd	4,466,400		2,897
ENN Energy Holdings Ltd	478,000		3,510	NetEase Inc ADR	19,335		6,356
				TravelSky Technology Ltd	1,200,300		3,296
Holding Companies - Diversified - 1.25%						$	12,549
KOC Holding AS	480,300		2,020

See accompanying notes.

141

Schedule of Investments
Origin Emerging Markets Fund
November 30, 2017 (unaudited)
COMMON STOCKS (continued)		Shares Held	Value (000's)
Telecommunications - 0.83%
China Mobile Ltd		367,043	$	3,734
Vodacom Group Ltd		226,097		2,391
			$	6,125
Water - 0.55%
Cia de Saneamento Basico do Estado de Sao		407,900		4,072
Paulo
TOTAL COMMON STOCKS			$	714,387
INVESTMENT COMPANIES - 3.59%		Shares Held	Value (000's)
Money Market Funds - 3.59%
First American Government Obligations Fund		26,625,025		26,625
TOTAL INVESTMENT COMPANIES			$	26,625
Total Investments			$	741,012
Other Assets and Liabilities - 0.03%			$	229
TOTAL NET ASSETS - 100.00%			$	741,241
(a)	Fair value of these investments is determined in good faith by the Manager
	under procedures established and periodically reviewed by the Board of
	Directors. Certain inputs used in the valuation may be unobservable;
	however, each security is evaluated individually for purposes of ASC 820
	which results in not all securities being identified as Level 3 of the fair
	value hierarchy. At the end of the period, the fair value of these securities
	totaled $28,491 or 3.84% of net assets.
(b)	Non-income producing security
	Portfolio Summary (unaudited)
Country				Percent
China				44.21	%
Korea, Republic Of				16.28	%
Taiwan, Province Of China				12.97	%
Thailand				4.81	%
Russian Federation				4.39	%
United States				3.59	%
Hong Kong				3.39	%
Brazil				3.24	%
South Africa				1.93	%
Turkey				1.92	%
Hungary				1.21	%
Poland				1.09	%
Mexico				0.94	%
Other Assets and Liabilities				0.03	%
TOTAL NET ASSETS				100.00	%
Futures Contracts
Description and Expiration Date		Type		Contracts		Notional Amount			Value and Unrealized Appreciation/(Depreciation)
eMini MSCI Emerging Markets; December 2017		Long		471		$	26,376	$	238
Total								$	238
Amounts in thousands except contracts.

See accompanying notes.

142

Schedule of Investments
Preferred Securities Fund
November 30, 2017 (unaudited)
INVESTMENT COMPANIES - 1.68%			Shares Held		Value(000	's)	PREFERRED STOCKS (continued)						Shares Held		Value (000's)
Money Market Funds - 1.68%							Electric (continued)
Goldman Sachs Financial Square Funds -			101,273,067	$	101,273		Entergy Louisiana LLC			4.70%, 06/01/2063			165,100	$	4,132
Government Fund							Entergy Louisiana LLC			4.88%, 09/01/2066			25,000		623
							Entergy Louisiana LLC			5.25%, 07/01/2052			230,055		5,809
TOTAL INVESTMENT COMPANIES				$	101,273		Entergy New Orleans Inc			5.00%, 12/01/2052			3,299		83
CONVERTIBLE PREFERRED STOCKS -							Entergy New Orleans Inc			5.50%, 04/01/2066			20,000		522
1.37%			Shares Held		Value(000	's)	Entergy Texas Inc	5.63%, 06/01/2064					15,618		416
Banks - 1.37%							Georgia Power Co	5.00%, 10/01/2077					275,000		6,957
Wells Fargo & Co 7.50% (a)			61,082	$	81,911		Integrys Holding Inc		6.00%, 08/01/2073				87,600		2,477
							3 Month LIBOR + 3.22%
TOTAL CONVERTIBLE PREFERRED STOCKS				$	81,911		Interstate Power & Light Co				5.10% (a)		485,100		12,758
PREFERRED STOCKS - 22.31%			Shares Held		Value(000	's)	NextEra Energy Capital Holdings Inc					5.00%,	491,093		12,400
Banks - 6.40%							01/15/2073
AgriBank FCB 6.88% (a)			61,700		6,725		NextEra Energy Capital Holdings Inc					5.13%,	662,215		16,622
3 Month LIBOR + 4.23%							11/15/2072
Bank of America Corp 6.63% (a)			196,631		5,278		SCE Trust VI 5.00% (a)						421,222		10,564
Bank of New York Mellon Corp/The 5.20%			139,534		3,560		Southern Co/The	5.25%, 10/01/2076					111,000		2,821
(a)							Southern Co/The	5.25%, 12/01/2077					555,000		13,886
BB&T Corp 5.63% (a)			144,300		3,885									$	159,404
Capital One Financial Corp 6.00% (a)			532,627		13,459		Food - 0.46%
Citigroup Inc 6.88% (a)			9,618		256		Dairy Farmers of America Inc				7.88% (a),(b)		12,000		1,243
Citigroup Inc 6.88% (a)			493,542		14,170		Dairy Farmers of America Inc				7.88% (a),(b)		232,500		26,305
3 Month LIBOR + 4.13%														$	27,548
CoBank ACB 6.13% (a)			8,000		822		Hand & Machine Tools - 0.50%
CoBank ACB 6.20% (a)			65,000		6,890		Stanley Black & Decker Inc 5.75%,						1,186,260		30,428
3 Month LIBOR + 3.74%							07/25/2052
CoBank ACB 6.25% (a),(b)			296,500		32,393
3 Month LIBOR + 4.56%							Insurance - 4.49%
Cullen/Frost Bankers Inc 5.38% (a)			241,889		6,122		Aegon NV 4.00% (a)						9,977		244
Goldman Sachs Group Inc/The 5.50% (a)			774,944		21,032		3 Month LIBOR + 0.88%
3 Month LIBOR + 3.64%							Aegon NV 6.38% (a)						739,625		19,023
HSBC Holdings PLC 6.20% (a)			608,523		15,706		Allstate Corp/The	5.10%, 01/15/2053					540,300		14,334
HSBC Holdings PLC 8.00% (a)			120,992		3,239		3 Month LIBOR + 3.17%
Huntington Bancshares Inc/OH 5.88% (a)			326,087		8,658		Allstate Corp/The 6.25% (a)						181,500		4,868
Huntington Bancshares Inc/OH 6.25% (a)			1,050,000		28,885		Allstate Corp/The 6.63% (a)						380,000		10,169
ING Groep NV 6.13% (a)			52,468		1,372		American Financial Group Inc/OH 6.25%,						250,786		6,643
ING Groep NV 6.38% (a)			784,468		20,106		09/30/2054
KeyCorp 6.13% (a)			780,000		22,441		Arch Capital Group Ltd 5.25% (a)						283,500		7,096
3 Month LIBOR + 3.89%							Arch Capital Group Ltd			5.45% (a)			54,104		1,389
M&T Bank Corp	6.38% (a)		17,852		18,423		Arch Capital Group Ltd			6.75% (a)			193,613		4,922
M&T Bank Corp	6.38% (a)		11,380		11,732		Aspen Insurance Holdings Ltd 5.95% (a)						319,392		8,659
Morgan Stanley	5.85% (a)		347,500		9,393		3 Month LIBOR + 4.06%
3 Month LIBOR + 3.49%							Axis Capital Holdings Ltd 5.50% (a)						9,287		237
Morgan Stanley 7.13% (a)			126,282		3,681		Axis Capital Holdings Ltd 5.50% (a)						154,159		3,934
3 Month LIBOR + 4.32%							Hartford Financial Services Group Inc/The						1,044,739		31,384
PNC Financial Services Group Inc/The			1,730,132		49,291		7.88%, 04/15/2042
6.13% (a)							3 Month LIBOR + 5.60%
3 Month LIBOR + 4.07%							Prudential PLC 6.50% (a)						961		26
State Street Corp 5.25% (a)			1,427,775		35,694		Prudential PLC 6.75% (a)						81,991		2,177
State Street Corp	5.90% (a)		241,300		6,720		Reinsurance Group of America Inc 6.20%,						577,300		15,933
3 Month LIBOR + 3.11%							09/15/2042
State Street Corp	6.00% (a)		349,700		9,239		3 Month LIBOR + 4.37%
US Bancorp 6.50% (a)			197,845		5,692		RenaissanceRe Holdings Ltd 5.38% (a)						654,975		16,525
3 Month LIBOR + 4.47%							RenaissanceRe Holdings Ltd				6.08% (a)		172,247		4,397
Valley National Bancorp 6.25% (a)			172,200		4,756		Torchmark Corp	5.88%, 12/15/2052					468,309		11,717
3 Month LIBOR + 3.85%							WR Berkley Corp	5.63%, 04/30/2053					1,262,728		32,048
Wells Fargo & Co 5.63% (a)			195,171		5,055		WR Berkley Corp	5.75%, 06/01/2056					66,429		1,736
Wells Fargo & Co 5.85% (a)			125,027		3,411		XLIT Ltd 4.48% (a)						76,419		72,909
3 Month LIBOR + 3.09%							3 Month LIBOR + 3.12%
Wells Fargo & Co 6.63% (a)			236,676		6,757									$	270,370
3 Month LIBOR + 3.69%							Media - 0.20%
				$	384,843		Comcast Corp 5.00%, 12/15/2061						474,056		11,832
Diversified Financial Services - 0.07%
Charles Schwab Corp/The 6.00% (a)			12,535		313		Miscellaneous Manufacturers - 0.16%
Charles Schwab Corp/The 6.00% (a)			143,663		3,882		General Electric Co		4.88%, 01/29/2053				299,666		7,567
				$	4,195		General Electric Co		4.88%, 10/15/2052				80,187		2,010
Electric - 2.65%														$	9,577
Alabama Power Co 5.00% (a)			572,000		15,244		REITs - 2.73%
Dominion Energy Inc		5.25%, 07/30/2076	897,421		22,660		Boston Properties Inc 5.25% (a)						7,284		187
DTE Energy Co	5.25%, 12/01/2077		320,000		8,083		DDR Corp 6.25% (a)						12,487		316
DTE Energy Co	5.25%, 12/01/2062		313,300		7,867		DDR Corp 6.38% (a)						460,752		12,026
Duke Energy Corp 5.13%, 01/15/2073			362,408		9,202		Digital Realty Trust Inc			5.88% (a)			97,818		2,474
Entergy Arkansas Inc		4.88%, 09/01/2066	10,000		248		Digital Realty Trust Inc			6.35% (a)			205,498		5,592
Entergy Arkansas Inc		4.90%, 12/01/2052	241,096		6,030		Digital Realty Trust Inc			7.38% (a)			239,911		6,420

See accompanying notes.

143

Schedule of Investments
Preferred Securities Fund
November 30, 2017 (unaudited)
PREFERRED STOCKS (continued)							Shares Held	Value (000's)					Principal
REITs (continued)											BONDS (continued)		Amount (000's)		Value (000's)
Federal Realty Investment Trust					5.00% (a)		49,250	$		1,227	Banks (continued)
Kimco Realty Corp 5.50% (a)							590,922			14,856	Banco Bilbao Vizcaya Argentaria SA
Kimco Realty Corp 5.63% (a)							6,000			152	9.00%, 12/31/2049(a)	$	28,000	$	28,727
Kimco Realty Corp 6.00% (a)							297,242			7,517	USSW5 Index Spread + 8.26%
National Retail Properties Inc				5.20% (a)			121,500			3,038	Bank of America Corp
National Retail Properties Inc				5.70% (a)			2,000			51	6.30%, 12/31/2049(a)		40,055		45,679
Prologis Inc	8.54% (a)						167,700			12,109	3 Month LIBOR + 4.55%
PS Business Parks Inc			5.25% (a)				57,755			1,455	6.50%, 12/31/2049(a)		71,285		81,094
PS Business Parks Inc			5.70% (a)				377,419			9,741	3 Month LIBOR + 4.17%
PS Business Parks Inc			5.75% (a)				534,494			13,544	Bank of New York Mellon Corp/The
PS Business Parks Inc			6.00% (a)				69,876			1,775	4.62%, 12/31/2049(a)		36,577		37,491
Public Storage		4.90% (a)					16,000			400	3 Month LIBOR + 3.13%
Public Storage 4.95% (a)							4,000			100	4.95%, 12/31/2049(a)		75,100		77,822
Public Storage		5.05% (a)					180,905			4,533	3 Month LIBOR + 3.42%
Public Storage		5.15% (a)					2,000			50	Bank of Nova Scotia/The
Public Storage 5.20% (a)							70,407			1,778	4.65%, 12/31/2049(a)		17,000		16,957
Public Storage		5.88% (a)					237,401			6,386	3 Month LIBOR + 2.65%
Public Storage		6.00% (a)					580,214			15,602	Barclays Bank PLC
Public Storage 6.38% (a)							131,181			3,499	7.63%, 11/21/2022		8,000		9,110
Senior Housing Properties Trust					5.63%,		113,931			2,860	7.75%, 04/10/2023		24,200		24,660
08/01/2042											USSW5 Index Spread + 6.83%
Senior Housing Properties Trust					6.25%,		150,000			3,993	10.18%, 06/12/2021		3,000		3,670
02/01/2046											10.18%, 06/12/2021(b)		3,460		4,232
Ventas Realty LP / Ventas Capital Corp							198,708			4,954	Barclays PLC
5.45%, 03/15/2043											6.63%, 12/31/2049(a)		14,178		14,586
Vornado Realty Trust			5.40% (a)				190,622			4,827	USSW5 Index Spread + 5.02%
Vornado Realty Trust 5.70% (a)							830,577			21,196	8.25%, 12/31/2049(a)		68,658		72,370
Vornado Realty Trust			6.63% (a)				67,610			1,740	USSW5 Index Spread + 6.71%
								$		164,398	BNP Paribas SA
Savings & Loans - 0.05%											7.20%, 06/29/2049(a),(b)		13,800		15,991
People's United Financial Inc				5.63% (a)			46,852			1,255	3 Month LIBOR + 1.29%
3 Month LIBOR + 4.02%											7.37%, 12/31/2049(a),(b)		100		116
Sterling Bancorp/DE			6.50% (a)				59,241			1,553	USSW5 Index Spread + 5.15%
								$		2,808	7.63%, 12/31/2049(a),(b)		26,600		29,393
Sovereign - 0.47%											USSW5 Index Spread + 6.31%
Farm Credit Bank of Texas 6.75% (a),(b)							258,000			28,268	7.63%, 12/31/2049(a)		20,000		22,100
3 Month LIBOR + 4.01%											USSW5 Index Spread + 6.31%
											BPCE SA
Telecommunications - 4.13%											5.70%, 10/22/2023(b)		6,000		6,655
Centaur Funding Corp			0.00%, 04/21/2020				26,500			23,577	Capital One Financial Corp
(b),(d)											5.55%, 12/31/2049(a)		19,625		20,459
Centaur Funding Corp			9.08%, 04/21/2020				100,666			113,399	3 Month LIBOR + 3.80%
(b),(c)											Citigroup Capital III
Qwest Corp	6.13%, 06/01/2053						885,400			20,302	7.63%, 12/01/2036		2,700		3,517
Qwest Corp	6.88%, 10/01/2054						258,100			6,326	Citigroup Inc
Qwest Corp	7.00%, 04/01/2052						253,178			6,091	5.90%, 12/29/2049(a)		200		215
Qwest Corp	7.00%, 07/01/2052						515,955			12,383	3 Month LIBOR + 4.23%
Qwest Corp	7.50%, 09/15/2051						175,426			4,447	5.95%, 12/29/2049(a)		24,100		25,895
Telephone & Data Systems Inc				6.63%,			209,690			5,429	3 Month LIBOR + 4.07%
03/31/2045											5.95%, 12/31/2049(a)		9,000		9,440
Telephone & Data Systems Inc				7.00%,			1,185,871			30,228	3 Month LIBOR + 4.10%
03/15/2060											5.95%, 12/31/2049(a)		12,457		13,422
United States Cellular Corp 6.95%,							75,623			1,927	3 Month LIBOR + 3.91%
05/15/2060											6.13%, 12/31/2049(a)		47,300		50,434
Verizon Communications Inc				5.90%,			940,517			24,641	3 Month LIBOR + 4.48%
02/15/2054											6.25%, 12/31/2049(a)		86,582		96,864
								$		248,750	3 Month LIBOR + 4.52%
TOTAL PREFERRED STOCKS								$		1,342,421	Citizens Financial Group Inc
											5.50%, 12/31/2049(a)		7,500		7,800
							Principal
BONDS - 73.55%							Amount (000's)	Value (000's)			3 Month LIBOR + 3.96%
Automobile Manufacturers - 0.22%											CoBank ACB
											6.25%, 12/31/2049(a)		16,400		18,026
General Motors Financial Co Inc
5.75%, 12/31/2049(a)						$	12,700		$	13,047	3 Month LIBOR + 4.66%
3 Month LIBOR + 3.60%											Cooperatieve Rabobank UA
											11.00%, 12/29/2049(a)		7,750		8,719
Banks - 43.35%											3 Month LIBOR + 10.87%
											11.00%, 12/29/2049(a),(b)		101,447		114,128
Australia & New Zealand Banking Group
Ltd/United Kingdom											3 Month LIBOR + 10.87%
6.75%, 12/31/2049(a),(b)							4,000			4,555	Corestates Capital III
											1.99%, 02/15/2027(b)		9,721		9,138
USD ICE SWAP Rate NY 5 + 5.17%											3 Month LIBOR + 0.57%
											Countrywide Capital III
											8.05%, 06/15/2027		6,312		7,945

See accompanying notes.

144

Schedule of Investments
Preferred Securities Fund
November 30, 2017 (unaudited)
		Principal				Principal
BONDS (continued)		Amount (000's)	Value (000's)	BONDS (continued)		Amount (000's)          Value (000's)
Banks (continued)				Banks (continued)
Credit Agricole SA				NB Capital Trust III
7.88%, 12/31/2049(a),(b)	$	8,000	$ 9,072	1.91%, 01/15/2027	$	3,000	$	2,812
USSW5 Index Spread + 4.90%				3 Month LIBOR + 0.55%
8.13%, 12/31/2049(a)		5,000	6,004	Nordea Bank AB
USSW5 Index Spread + 6.19%				5.50%, 12/31/2049(a),(b)		6,000		6,150
8.13%, 12/31/2049(a),(b)		11,050	13,268	USD ICE SWAP Rate NY 5 + 3.56%
USSW5 Index Spread + 6.19%				5.50%, 12/31/2049(a)		1,200		1,230
8.38%, 12/31/2049(a),(b)		42,909	47,200	USD ICE SWAP Rate NY 5 + 3.56%
3 Month LIBOR + 6.98%				6.13%, 12/31/2049(a)		1,800		1,939
Credit Suisse AG				USSW5 Index Spread + 3.39%
6.50%, 08/08/2023(b)		29,754	33,436	6.13%, 12/31/2049(a),(b)		42,131		45,396
6.50%, 08/08/2023		6,000	6,743	USSW5 Index Spread + 3.39%
Credit Suisse Group AG				Northern Trust Corp
6.25%, 12/31/2049(a),(b)		9,100	9,879	4.60%, 12/31/2049(a)		4,400		4,532
USSW5 Index Spread + 3.46%				3 Month LIBOR + 3.20%
6.25%, 12/31/2049(a)		1,475	1,601	NTC Capital I
USSW5 Index Spread + 3.46%				1.88%, 01/15/2027		3,000		2,790
7.50%, 12/31/2049(a)		3,000	3,439	3 Month LIBOR + 0.52%
USSW5 Index Spread + 4.60%				PNC Financial Services Group Inc/The
7.50%, 12/31/2049(a),(b)		69,040	79,132	6.75%, 07/29/2049(a)		44,035		49,077
USSW5 Index Spread + 4.60%				3 Month LIBOR + 3.68%
First Union Capital II				Royal Bank of Scotland Group PLC
7.95%, 11/15/2029		3,700	4,877	3.66%, 03/29/2049(a)		1,900		1,876
Goldman Sachs Group Inc/The				3 Month LIBOR + 2.32%
5.70%, 12/31/2049(a)		39,795	40,929	4.80%, 04/05/2026		7,500		8,011
3 Month LIBOR + 3.88%				7.50%, 12/31/2049(a)		45,281		47,987
HBOS Capital Funding LP				USSW5 Index Spread + 5.80%
6.85%, 03/29/2049(a)		7,000	7,150	7.65%, 08/29/2049(a)		27,915		36,010
HSBC Capital Funding Dollar 1 LP				3 Month LIBOR + 2.50%
10.18%, 12/29/2049(a),(b)		32,900	53,010	8.00%, 12/31/2049(a)		9,825		11,177
3 Month LIBOR + 4.98%				USSW5 Index Spread + 5.72%
HSBC Holdings PLC				8.62%, 12/29/2049(a)		3,000		3,382
6.00%, 12/31/2049(a)		20,100	21,115	USSW5 Index Spread + 7.60%
USD ICE SWAP Rate NY 5 + 3.75%				Skandinaviska Enskilda Banken AB
6.87%, 12/31/2049(a)		39,600	42,867	5.75%, 12/31/2049(a)		18,100		18,688
USD ICE SWAP Rate NY 5 + 5.51%				USSW5 Index Spread + 3.85%
ING Groep NV				Societe Generale SA
6.50%, 12/31/2049(a)		26,000	28,301	7.38%, 12/31/2049(a),(b)		14,000		15,173
USSW5 Index Spread + 4.45%				USSW5 Index Spread + 6.24%
JPMorgan Chase & Co				7.88%, 12/31/2049(a)		14,000		15,820
5.30%, 12/31/2049(a)		14,800	15,336	USSW5 Index Spread + 4.98%
3 Month LIBOR + 3.80%				8.00%, 12/31/2049(a),(b)		16,800		19,593
6.13%, 12/31/2049(a)		22,000	24,371	USD ICE SWAP Rate NY 5 + 5.87%
3 Month LIBOR + 3.33%				8.25%, 12/31/2049(a)		64,750		68,028
6.75%, 12/31/2049(a)		137,707	157,476	USSW5 Index Spread + 6.39%
3 Month LIBOR + 3.78%				Standard Chartered PLC
7.90%, 04/29/2049(a)		65,637	66,452	7.01%, 07/29/2049(a),(b)		36,300		42,562
3 Month LIBOR + 3.47%				3 Month LIBOR + 1.46%
KeyCorp				7.50%, 12/31/2049(a),(b)		17,700		19,138
5.00%, 12/31/2049(a)		20,101	20,805	USSW5 Index Spread + 6.30%
3 Month LIBOR + 3.61%				7.75%, 12/31/2049(a),(b)		11,000		12,045
KeyCorp Capital III				USSW5 Index Spread + 5.72%
7.75%, 07/15/2029		3,500	4,427	SunTrust Banks Inc
Lloyds Bank PLC				5.63%, 12/31/2049(a)		4,400		4,587
12.00%, 12/29/2049(a)		51,489	69,380	3 Month LIBOR + 3.86%
3 Month LIBOR + 11.76%				SunTrust Capital I
12.00%, 12/29/2049(a),(b)		24,750	33,350	2.09%, 05/15/2027		10,900		10,032
3 Month LIBOR + 11.76%				3 Month LIBOR + 0.67%
Lloyds Banking Group PLC				Svenska Handelsbanken AB
6.41%, 01/29/2049(a),(b)		32,174	36,920	5.25%, 12/31/2049(a)		42,000		42,845
3 Month LIBOR + 1.50%				USSW5 Index Spread + 3.34%
6.66%, 01/29/2049(a),(b)		60,185	70,116	Swedbank AB
3 Month LIBOR + 1.27%				6.00%, 12/31/2049(a)		5,200		5,506
7.50%, 12/31/2049(a)		47,888	54,233	USSW5 Index Spread + 4.11%
USSW5 Index Spread + 4.76%				UBS AG/Stamford CT
M&T Bank Corp				7.63%, 08/17/2022		10,000		11,739
5.12%, 12/31/2049(a)		15,500	16,469	UBS Group AG
3 Month LIBOR + 3.52%				6.87%, 12/31/2049(a)		18,078		19,411
6.45%, 12/31/2049(a)		6,615	7,475	USD ICE SWAP Rate NY 5 + 5.50%
3 Month LIBOR + 3.61%
Morgan Stanley
5.55%, 12/31/2049(a)		10,000	10,387
3 Month LIBOR + 3.81%

See accompanying notes.

145

     Schedule of Investments Preferred Securities Fund November 30, 2017 (unaudited)

		Principal					Principal
BONDS (continued)		Amount (000's) Value (000's)			BONDS (continued)		Amount (000's) Value (000's)
Banks (continued)					Insurance (continued)
UBS Group AG (continued)					Allstate Corp/The
6.88%, 12/31/2049(a)	$	15,233	$	16,864	5.75%, 08/15/2053	$	8,254	$	8,997
USSW5 Index Spread + 4.59%					3 Month LIBOR + 2.94%
7.00%, 12/31/2049(a)		12,000		13,627	6.50%, 05/15/2067		12,505		15,068
USSW5 Index Spread + 4.87%					3 Month LIBOR + 2.12%
7.13%, 12/31/2049(a)		1,757		1,870	American International Group Inc
USSW5 Index Spread + 5.46%					8.18%, 05/15/2068		7,500		10,275
US Bancorp					3 Month LIBOR + 4.20%
5.12%, 12/31/2049(a)		21,400		22,438	Aon Corp
3 Month LIBOR + 3.49%					8.21%, 01/01/2027		4,500		5,895
USB Realty Corp					Aquarius & Investments Plc for Swiss
2.51%, 12/29/2049(a),(b)		1,500		1,348	Reinsurance Co Ltd
3 Month LIBOR + 1.15%					6.37%, 09/01/2024		14,600		15,391
Wells Fargo & Co					USSW5 Index Spread + 5.21%
5.87%, 12/31/2049(a)		47,800		53,058	AXA SA
3 Month LIBOR + 3.99%					6.38%, 12/29/2049(a),(b)		27,793		32,240
7.98%, 12/31/2049(a)		86,100		87,443	3 Month LIBOR + 2.26%
3 Month LIBOR + 3.77%					8.60%, 12/15/2030		13,565		19,534
Westpac Banking Corp/New Zealand					Catlin Insurance Co Ltd
5.00%, 12/31/2049(a)		7,800		7,798	4.33%, 07/29/2049(a),(b)		47,586		45,448
USD ICE SWAP Rate NY 5 + 2.89%					3 Month LIBOR + 2.98%
		$		2,608,412	Chubb Corp/The
Diversified Financial Services - 0.95%					3.61%, 04/15/2037		565		560
Charles Schwab Corp/The					3 Month LIBOR + 2.25%
7.00%, 02/28/2049(a)		28,358		32,268	Dai-ichi Life Insurance Co Ltd/The
3 Month LIBOR + 4.82%					7.25%, 12/29/2049(a),(b)		13,250		14,994
Depository Trust & Clearing Corp/The					3 Month LIBOR + 4.56%
4.88%, 12/31/2049(a),(b)		1,850		1,937	Demeter Investments BV for Swiss Re Ltd
3 Month LIBOR + 3.17%					5.63%, 08/15/2052		16,800		18,355
National Rural Utilities Cooperative Finance					3 Month LIBOR + 3.78%
Corp					5.75%, 08/15/2050		10,000		10,988
5.25%, 04/20/2046		21,300		22,678	3 Month LIBOR + 3.59%
3 Month LIBOR + 3.63%					Everest Reinsurance Holdings Inc
		$		56,883	3.80%, 05/01/2067		32,820		31,179
Electric - 2.02%					3 Month LIBOR + 2.39%
Emera Inc					Great-West Life & Annuity Insurance Capital
6.75%, 06/15/2076		56,495		63,557	LP
					6.63%, 11/15/2034(b)		7,000		8,355
3 Month LIBOR + 5.44%
Enel SpA					Great-West Life & Annuity Insurance Capital
8.75%, 09/24/2073(b)		4,000		4,945	LP II
					3.96%, 05/16/2046(b)		1,750		1,737
USSW5 Index Spread + 5.88%
NextEra Energy Capital Holdings Inc					3 Month LIBOR + 2.54%
3.40%, 10/01/2066		23,474		22,300	Hartford Financial Services Group Inc/The
					3.54%, 02/12/2067(b)		10,885		10,341
3 Month LIBOR + 2.07%
3.44%, 06/15/2067		8,920		8,407	3 Month LIBOR + 2.13%
3 Month LIBOR + 2.13%					8.13%, 06/15/2068		5,772		5,931
4.66%, 09/01/2067		4,350		4,350	3 Month LIBOR + 4.60%
3 Month LIBOR + 3.35%					Legal & General Group PLC
4.80%, 12/01/2077		3,100		3,120	5.25%, 03/21/2047		34,148		36,197
3 Month LIBOR + 2.41%					USSW5 Index Spread + 3.69%
					Liberty Mutual Group Inc
PPL Capital Funding Inc					4.22%, 03/07/2067(b)		12,738		12,483
4.00%, 03/30/2067		15,375		15,048
3 Month LIBOR + 2.67%					3 Month LIBOR + 2.91%
					7.80%, 03/07/2087(b)		61,373		77,944
		$		121,727
					Liberty Mutual Insurance Co
Food - 0.16%					7.70%, 10/15/2097(b)		20,025		28,947
Dairy Farmers of America Inc
7.13%, 12/31/2049(a),(b)		8,700		9,624	Lincoln National Corp
					3.40%, 04/20/2067		54,947		49,727
Hand & Machine Tools - 0.21%					3 Month LIBOR + 2.04%
Stanley Black & Decker Inc					3.78%, 05/17/2066		13,109		12,257
5.75%, 12/15/2053		12,250		12,618	3 Month LIBOR + 2.36%
3 Month LIBOR + 4.30%					Meiji Yasuda Life Insurance Co
					5.20%, 10/20/2045(b)		10,000		10,725
Insurance - 20.30%					USSW5 Index Spread + 4.23%
ACE Capital Trust II					MetLife Capital Trust IV
					7.88%, 12/15/2067(b)		19,020		25,392
9.70%, 04/01/2030		14,970		22,680
AG Insurance SA					MetLife Inc
6.75%, 03/29/2049(a)		28,200		29,615	6.40%, 12/15/2066		10,770		12,330
					9.25%, 04/08/2068(b)		41,075		60,791
USSW6 Index Spread + 5.43%
AIG Life Holdings Inc					10.75%, 08/01/2069		50,223		84,123
8.50%, 07/01/2030		30,200		40,166	Mitsui Sumitomo Insurance Co Ltd
					7.00%, 03/15/2072(b)		10,700		12,198
					3 Month LIBOR + 5.90%

See accompanying notes.

146

     Schedule of Investments Preferred Securities Fund November 30, 2017 (unaudited)

		Principal					Principal
BONDS (continued)		Amount (000's) Value (000's)			BONDS (continued)		Amount (000's)     Value (000's)
Insurance (continued)					Transportation - 0.73%
MMI Capital Trust I					BNSF Funding Trust I
7.63%, 12/15/2027	$	1,073	$	1,310		6.61%, 12/15/2055	$	38,509	$	44,093
Nationwide Financial Services Inc						3 Month LIBOR + 2.35%
6.75%, 05/15/2087		79,015		88,497
Nippon Life Insurance Co					TOTAL BONDS			$		4,425,327
4.70%, 01/20/2046(b)		5,000		5,175	TOTAL PURCHASED OPTIONS - 0.07%			$		4,287
USD ICE SWAP Rate NY 5 + 3.75%					Total Investments			$		5,955,219
5.10%, 10/16/2044(b)		27,300		28,998	Other Assets and Liabilities - 1.02%			$		61,536
USD ICE SWAP Rate NY 5 + 3.65%					TOTAL NET ASSETS - 100.00%			$		6,016,755
Provident Financing Trust I
7.41%, 03/15/2038		37,750		42,846
Prudential Financial Inc					(a)	Perpetual security. Perpetual securities pay an indefinite stream of
5.63%, 06/15/2043		66,965		72,573		interest, but they may be called by the issuer at an earlier date.
3 Month LIBOR + 3.92%					(b)	Security exempt from registration under Rule 144A of the Securities Act of
5.88%, 09/15/2042		20,401		22,365		1933. These securities may be resold in transactions exempt from
3 Month LIBOR + 4.18%						registration, normally to qualified institutional buyers. At the end of the
8.88%, 06/15/2068		800		828		period, the value of these securities totaled $1,474,679 or 24.51% of net
3 Month LIBOR + 5.00%						assets.
Reinsurance Group of America Inc					(c)	Affiliated Security as defined by the Investment Company Act of 1940 (the
3.98%, 12/15/2065		26,423		25,234		Fund controls 5.0% or more of the outstanding voting shares of the
3 Month LIBOR + 2.67%						security). Please see affiliated sub-schedule for transactional information.
Sompo Japan Nipponkoa Insurance Inc					(d)	Non-income producing security
5.33%, 03/28/2073(b)		60,300		64,672
3 Month LIBOR + 4.27%
Sumitomo Life Insurance Co
6.50%, 09/20/2073(b)		15,500		17,573		Portfolio Summary (unaudited)
3 Month LIBOR + 4.44%					Sector					Percent
Voya Financial Inc					Financial					79.71	%
5.65%, 05/15/2053		64,126		67,717	Communications					4.87	%
3 Month LIBOR + 3.58%					Utilities					4.67	%
XLIT Ltd					Industrial					3.77	%
3.82%, 12/31/2049(a)		14,350		12,807	Energy					2.41	%
3 Month LIBOR + 2.46%					Investment Companies					1.68	%
		$		1,221,458	Consumer, Non-cyclical					0.62	%
Mining - 0.49%					Basic Materials					0.49	%
BHP Billiton Finance USA Ltd					Government					0.47	%
6.75%, 10/19/2075(b)		25,042		29,265	Consumer, Cyclical					0.22	%
USSW5 Index Spread + 5.09%					Purchased Options					0.07	%
					Other Assets and Liabilities					1.02	%
Miscellaneous Manufacturers - 2.17%					TOTAL NET ASSETS					100.00	%
General Electric Co
5.00%, 12/31/2049(a)		125,868		130,588
3 Month LIBOR + 3.33%
Pipelines - 2.41%
Enterprise Products Operating LLC
5.25%, 08/16/2077		40,800		40,822
3 Month LIBOR + 3.03%
7.03%, 01/15/2068		62,775		63,089
3 Month LIBOR + 2.68%
TransCanada PipeLines Ltd
3.63%, 05/15/2067		8,461		7,847
3 Month LIBOR + 2.21%
Transcanada Trust
5.63%, 05/20/2075		3,800		4,020
3 Month LIBOR + 3.53%
5.87%, 08/15/2076		26,800		29,184
3 Month LIBOR + 4.64%
		$		144,962
Telecommunications - 0.54%
Koninklijke KPN NV
7.00%, 03/28/2073(b)		13,126		14,714
USSW10 Index Spread + 5.33%
7.00%, 03/28/2073		16,000		17,936
USSW10 Index Spread + 5.33%
		$		32,650

See accompanying notes.

147

				Schedule of Investments
Preferred Securities Fund
November 30, 2017 (unaudited)
Affiliated Securities		August 31, 2017					Purchases			Sales			November 30, 2017
				Value				Cost		Proceeds					Value
Centaur Funding Corp 9.08%	$			116,300			$	—	$	—		$			113,399
				Realized Gain/Loss					Realized Gain from						Change in Unrealized
				Income		on Investments			Capital Gain Distributions						Gain/Loss
Centaur Funding Corp 9.08%	$		2,285		$		—	$				—	$		(2,901	)
Amounts in thousands.
Options
Purchased Options		Contracts/		Notional						Upfront					Unrealized
Outstanding	Counterparty	Shares		Amount			Exercise Price	Expiration Date		Payments/(Receipts)			Fair Value		Appreciation/(Depreciation)
Call - US Long Bond	N/A	1,960	$	1,960		$	156.00	12/26/2017	$	510	$		214	$	(296	)
Future; March 2018
Call - US Long Bond	N/A	1,960	$	1,960		$	154.00	12/26/2017		1,708			674		(1,034	)
Future; March 2018
Put - US Long Bond	N/A	1,960	$	1,960		$	152.00	12/26/2017		1,199		2,480			1,281
Future; March 2018
Put - US Long Bond	N/A	1,960	$	1,960		$	150.00	12/26/2017		403			919		516
Future; March 2018
Total									$	3,820	$	4,287		$	467
Written Options		Contracts/		Notional						Upfront					Unrealized
Outstanding	Counterparty	Shares		Amount			Exercise Price	Expiration Date		Payments/(Receipts)			Fair Value		Appreciation/(Depreciation)
Call - US Long Bond	N/A	3,920	$	3,920		$	155.00	12/26/2017	$	(1,907	) $	(735		) $	1,172
Future; March 2018
Put - US Long Bond	N/A	3,920	$	3,920		$	151.00	12/26/2017		(1,368	)	(3,124		)	(1,756	)
Future; March 2018
Total									$	(3,275	) $	(3,859		) $	(584	)
Amounts in thousands except contracts/shares.

See accompanying notes.

148

				Schedule of Investments
Real Estate Allocation Fund
November 30, 2017 (unaudited)
INVESTMENT COMPANIES - 99.70%		Shares Held		Value
Principal Funds, Inc. Class R-6 - 99.70%
Global Real Estate Securities Fund (a)		81,263	$	792,315
Real Estate Debt Income Fund (a)		78,942		754,688
		$		1,547,003
TOTAL INVESTMENT COMPANIES		$		1,547,003
Total Investments		$		1,547,003
Other Assets and Liabilities - 0.30%		$		4,629
TOTAL NET ASSETS - 100.00%		$		1,551,632
(a) Affiliated Security. Please see affiliated sub-schedule for transactional
information.
Portfolio Summary (unaudited)
Fund Type				Percent
International Equity Funds				51.06	%
Fixed Income Funds				48.64	%
Other Assets and Liabilities				0.30	%
TOTAL NET ASSETS				100.00	%
Affiliated Securities		August 31, 2017				Purchases				Sales			November 30, 2017
				Value				Cost		Proceeds			Value
Global Real Estate Securities Fund		$		702,708		$		112,150	$	42,973	$		792,315
Real Estate Debt Income Fund				838,354				45,720		115,239			754,688
		$		1,541,062		$		157,870	$	158,212	$		1,547,003
				Realized Gain/Loss						Realized Gain from			Change in Unrealized
		Income		on Investments						Capital Gain Distributions			Gain/Loss
Global Real Estate Securities Fund	$	1,677		$		29		$			—	$	20,401
Real Estate Debt Income Fund		6,508				(576	)				—		(13,571	)
	$	8,185		$		(547	)	$			—	$	6,830
Amounts shown are in dollars and not rounded to the thousands.

See accompanying notes.

149

Schedule of Investments
Real Estate Debt Income Fund
November 30, 2017 (unaudited)
INVESTMENT COMPANIES - 2.40%		Shares Held		Value (000's)				Principal
Money Market Funds - 2.40%							BONDS (continued)	Amount (000's)  Value (000's)
First American Government Obligations Fund			4,440,419	$		4,440	Commercial Mortgage Backed Securities (continued)
							Freddie Mac Multifamily Structured Pass
TOTAL INVESTMENT COMPANIES				$		4,440	Through Certificates
		Principal					1.27%, 01/25/2021(a),(c)	$	19,735	$	576
BONDS - 97.10%		Amount (000's)		Value (000's)			3.01%, 07/25/2025		5,000		5,091
Commercial Mortgage Backed Securities - 89.86%							3.28%, 06/25/2025(a)		5,000		5,186
Banc of America Commercial Mortgage Trust							GS Mortgage Securities Trust 2010-C1
2008-1							1.52%, 08/10/2043(a),(b),(c)		24,564		724
6.47%, 02/10/2051(a)		$	1,800		$	1,804	GS Mortgage Securities Trust 2011-GC3
6.47%, 02/10/2051(a),(b)			821			62	0.84%, 03/10/2044(a),(b),(c)		23,001		409
Banc of America Commercial Mortgage Trust							GS Mortgage Securities Trust 2013-GCJ14
2015-UB	S7						4.94%, 08/10/2046(a),(b)		4,750		4,474
4.51%, 09/15/2048(a)			1,080			1,132	GS Mortgage Securities Trust 2014-GC22
Banc of America Commercial Mortgage Trust							1.18%, 06/12/2047(a),(c)		20,081		954
2016-UBS10							4.80%, 06/10/2047(a)		3,225		3,315
2.16%, 07/15/2049(a),(c)			8,997			983	GS Mortgage Securities Trust 2015-GC28
5.08%, 07/15/2049(a)			3,500			3,699	3.14%, 02/10/2048		5,000		5,044
Banc of America Commercial Mortgage Trust							GS Mortgage Securities Trust 2015-GC34
2017-BN	K3						3.51%, 10/10/2048		5,000		5,140
1.30%, 02/15/2050(a),(c)			24,391			1,893	4.47%, 10/10/2048(a)		2,000		2,083
3.25%, 02/15/2050(b)			2,375			1,928	GS Mortgage Securities Trust 2016-GS2
BANK 2017-BNK4							3.76%, 05/10/2049(a)		2,500		2,544
3.36%, 05/15/2050(b)			2,500			2,064	JP Morgan Chase Commercial Mortgage
CD 2017-CD3 Mortgage Trust							Securities Trust 2010-C1
1.20%, 02/10/2050(a),(c)			28,899			2,148	5.95%, 06/15/2043(b)		1,500		1,495
4.71%, 02/10/2050(a)			3,000			3,124	JP Morgan Chase Commercial Mortgage
CFCRE Commercial Mortgage Trust 2011-							Securities Trust 2011-C5
C2							5.59%, 08/15/2046(a),(b)		1,200		1,280
1.40%, 12/15/2047(a),(b),(c)			7,980			276	JP Morgan Chase Commercial Mortgage
Citigroup Commercial Mortgage Trust 2013-							Securities Trust 2016-JP2
GC15							3.46%, 08/15/2049		1,000		987
5.27%, 09/10/2046(a),(b)			2,010			1,929	JPMBB Commercial Mortgage Securities
Citigroup Commercial Mortgage Trust 2015-							Trust 2013-C12
GC27							4.23%, 07/15/2045(a)		460		419
3.14%, 02/10/2048			2,000			2,016	JPMBB Commercial Mortgage Securities
Citigroup Commercial Mortgage Trust 2016-							Trust 2013-C15
C1							5.25%, 11/15/2045(a),(b)		2,500		2,447
2.10%, 05/10/2049(a),(c)			28,575			3,501	JPMBB Commercial Mortgage Securities
3.51%, 05/10/2049			2,500			2,530	Trust 2014-C21
4.12%, 05/10/2049			2,500			2,561	1.23%, 08/15/2047(a),(c)		25,247		1,348
Citigroup Commercial Mortgage Trust 2016-							JPMBB Commercial Mortgage Securities
GC36							Trust 2014-C24
3.62%, 02/10/2049			5,000			5,176	4.07%, 11/15/2047(a),(b)		1,000		842
Citigroup Commercial Mortgage Trust 2017-							4.12%, 11/15/2047(a)		2,500		2,565
C4							JPMCC Commercial Mortgage Securities
4.10%, 10/12/2050(a)			3,000			3,074	Trust 2017-JP6
COMM 2006-C8 Mortgage Trust							4.76%, 07/15/2050(a),(b)		4,000		3,911
5.38%, 12/10/2046			848			854	JPMDB Commercial Mortgage Securities
COMM 2013-CCRE11 Mortgage Trust							Trust 2016-C4
1.30%, 08/10/2050(a),(c)			25,742			1,171	3.22%, 12/15/2049(a)		4,250		3,993
COMM 2013-CCRE6 Mortgage Trust							JPMDB Commercial Mortgage Securities
1.42%, 03/10/2046(a),(c)			10,599			383	Trust 2017-C5
COMM 2014-CCRE17 Mortgage Trust							1.18%, 03/15/2050(a),(c)		24,922		1,763
4.96%, 05/10/2047(a),(b)			1,600			1,421	4.73%, 03/15/2050(a),(b)		2,000		1,913
Comm 2014-UBS2 Mortgage Trust							LB Commercial Mortgage Trust 2007-C3
4.20%, 03/10/2047			1,000			1,052	6.09%, 07/15/2044(a)		438		439
COMM 2014-UBS3 Mortgage Trust							Morgan Stanley Bank of America Merrill
4.94%, 06/10/2047(a)			1,000			974	Lynch Trust 2013-C13
COMM 2015-LC19 Mortgage Trust							5.05%, 11/15/2046(a)		4,000		4,208
2.87%, 02/10/2048(b)			1,000			811	Morgan Stanley Bank of America Merrill
COMM 2015-LC23 Mortgage Trust							Lynch Trust 2013-C9
3.65%, 10/10/2048(a),(b)			2,000			1,792	3.71%, 05/15/2046(a)		1,670		1,665
4.80%, 10/10/2048(a)			1,000			1,020	4.27%, 05/15/2046(a),(b)		4,000		3,675
COMM 2016-DC2 Mortgage Trust							Morgan Stanley Bank of America Merrill
3.77%, 02/10/2049			6,000			6,266	Lynch Trust 2014-C14
Commercial Mortgage Trust 2007-GG9							1.32%, 02/15/2047(a),(c)		22,623		872
5.51%, 03/10/2039(a)			677			606	Morgan Stanley Bank of America Merrill
Credit Suisse Commercial Mortgage Trust							Lynch Trust 2014-C15
Series 2007-C1							5.05%, 04/15/2047(a)		1,000		1,046
5.42%, 02/15/2040			1,933			1,956	Morgan Stanley Bank of America Merrill
CSAIL 2017-CX10 Commercial Mortgage							Lynch Trust 2015-C20
Trust							4.16%, 02/15/2048		1,000		1,009
0.73%, 11/15/2027(a),(c)			17,700			995

See accompanying notes.

150

     Schedule of Investments Real Estate Debt Income Fund November 30, 2017 (unaudited)

		Principal						Principal
BONDS (continued)		Amount (000's)              Value (000's)				BONDS (continued)		Amount (000's)           Value (000's)
Commercial Mortgage Backed Securities (continued)						REITs (continued)
Morgan Stanley Bank of America Merrill						VEREIT Operating Partnership LP
Lynch Trust 2015-C25							4.13%, 06/01/2021	$	2,500	$	2,599
1.29%, 10/15/2048(a),(c)		$	29,633	$	1,942				$		10,802
Morgan Stanley Bank of America Merrill						TOTAL BONDS			$		179,560
Lynch Trust 2015-C26						Total Investments			$		184,000
3.53%, 10/15/2048			1,000		1,034	Other Assets and Liabilities - 0.50%			$		932
Morgan Stanley Bank of America Merrill						TOTAL NET ASSETS - 100.00%			$		184,932
Lynch Trust 2016-C28
3.95%, 01/15/2049			6,000		6,192
Morgan Stanley Capital I Trust 2016-UBS12						(a)	Certain variable rate securities are not based on a published reference
4.29%, 12/15/2049(a)			2,000		1,992		rate and spread but are determined by the issuer or agent and are based
Morgan Stanley Capital I Trust 2016-UBS9							on current market conditions. These securities do not indicate a reference
4.70%, 03/15/2049(a)			500		515		rate and spread in their description.
SG Commercial Mortgage Securities Trust						(b)	Security exempt from registration under Rule 144A of the Securities Act of
2016	-C5						1933. These securities may be resold in transactions exempt from
2.18%, 10/10/2048(a),(c)			13,833		1,647		registration, normally to qualified institutional buyers. At the end of the
UBS-Barclays Commercial Mortgage Trust							period, the value of these securities totaled $40,829 or 22.08% of net
2012	-C3						assets.
5.21%, 08/10/2049(a),(b)			1,000		1,043	(c)	Security is an Interest Only Strip.
UBS-Barclays Commercial Mortgage Trust
2012	-C4
1.81%, 12/10/2045(a),(b),(c)			8,681		547
4.63%, 12/10/2045(a),(b)			1,000		857		Portfolio Summary (unaudited)
UBS-Barclays Commercial Mortgage Trust						Sector					Percent
2013	-C5					Mortgage Securities					89.86	%
4.08%, 03/10/2046(a),(b)			2,280		2,291	Financial					7.24	%
Wachovia Bank Commercial Mortgage Trust						Investment Companies					2.40	%
Series 2007-C30						Other Assets and Liabilities					0.50	%
5.41%, 12/15/2043(a)			2,405		2,454	TOTAL NET ASSETS					100.00	%
Wells Fargo Commercial Mortgage Trust
2015	-C31
3.70%, 11/15/2048			2,000		2,083
Wells Fargo Commercial Mortgage Trust
2015-L	C22
1.05%, 09/15/2058(a),(c)			21,488		1,101
Wells Fargo Commercial Mortgage Trust
2015-NX	S1
4.24%, 05/15/2048(a)			3,180		2,799
Wells Fargo Commercial Mortgage Trust
2016	-C34
2.34%, 06/15/2049(a),(c)			7,900		961
Wells Fargo Commercial Mortgage Trust
2016-NX	S5
5.01%, 01/15/2059(a)			1,750		1,896
WFRBS Commercial Mortgage Trust 2013-
C11
1.37%, 03/15/2045(a),(b),(c)			20,693		1,030
WFRBS Commercial Mortgage Trust 2013-
C12
1.45%, 03/15/2048(a),(b),(c)			33,379		1,699
WFRBS Commercial Mortgage Trust 2013-
C17
1.65%, 12/15/2046(a),(c)			33,959		1,565
WFRBS Commercial Mortgage Trust 2014-
C20
3.99%, 05/15/2047(b)			2,500		1,909
			$		166,175
Real Estate - 1.40%
Prologis LP
3.35%, 02/01/2021			2,500		2,583
REITs - 5.84%
American Campus Communities Operating
Partnership LP
4.13%, 07/01/2024			2,500		2,606
HCP Inc
2.63%, 02/01/2020			2,500		2,511
Hospitality Properties Trust
5.00%, 08/15/2022			1,000		1,070
Select Income REIT
3.60%, 02/01/2020			2,000		2,016

See accompanying notes.

151

     Schedule of Investments Small-MidCap Dividend Income Fund November 30, 2017 (unaudited)

COMMON STOCKS - 96.78%	Shares Held		Value (000's)	COMMON STOCKS (continued)	Shares Held		Value (000's)
Airlines - 2.40%				Healthcare - Products (continued)
Alaska Air Group Inc	830,947	$	57,477	Teleflex Inc	167,738	$	44,538
Hawaiian Holdings Inc	546,262		23,571			$	115,944
		$	81,048	Housewares - 0.68%
Automobile Manufacturers - 2.28%				Tupperware Brands Corp	365,174		23,050
New Flyer Industries Inc	2,027,394		77,110
				Insurance - 3.73%
Automobile Parts & Equipment - 3.08%				Arthur J Gallagher & Co	485,570		31,965
Adient PLC	807,707		63,211	Beazley PLC	2,248,346		14,834
Autoliv Inc	318,097		40,691	James River Group Holdings Ltd	618,193		25,024
		$	103,902	Validus Holdings Ltd	1,099,989		54,098
Banks - 10.99%						$	125,921
Bank of the Ozarks	1,915,343		92,358	Investment Companies - 2.61%
BOK Financial Corp	360,702		32,102	Ares Capital Corp	2,873,248		46,604
Cullen/Frost Bankers Inc	634,099		62,402	Oaktree Capital Group LLC	969,033		41,523
East West Bancorp Inc	762,404		46,918			$	88,127
Hope Bancorp Inc	1,891,806		35,415	Leisure Products & Services - 1.16%
PacWest Bancorp	1,464,978		69,821	Acushnet Holdings Corp	1,978,933		39,321
Washington Trust Bancorp Inc	562,641		31,986
		$	371,002	Machinery - Diversified - 2.38%
Chemicals - 3.26%				Albany International Corp	206,079		13,333
HB Fuller Co	647,047		36,603	Applied Industrial Technologies Inc	187,866		12,014
Huntsman Corp	1,291,946		41,291	IDEX Corp	125,905		17,069
RPM International Inc	608,507		32,233	Nordson Corp	295,925		37,985
		$	110,127			$	80,401
Coal - 0.81%				Media - 3.32%
Alliance Resource Partners LP	1,503,171		27,433	Entercom Communications Corp	2,407,770		27,930
				Sinclair Broadcast Group Inc	2,472,337		84,183
Commercial Services - 3.13%						$	112,113
KAR Auction Services Inc	912,244		45,950	Miscellaneous Manufacturers - 1.47%
Travelport Worldwide Ltd	4,465,510		59,793	Crane Co	456,095		38,937
		$	105,743	Donaldson Co Inc	216,770		10,817
Computers - 1.60%						$	49,754
Leidos Holdings Inc	847,345		53,866	Oil & Gas - 3.09%
				HollyFrontier Corp	1,045,757		46,515
Consumer Products - 1.15%				Vermilion Energy Inc	1,634,659		57,650
Avery Dennison Corp	340,359		38,842			$	104,165
				Packaging & Containers - 1.09%
Diversified Financial Services - 3.13%				Packaging Corp of America	311,015		36,886
BGC Partners Inc	3,206,522		52,362
FNF Group	1,318,009		53,327	Pipelines - 3.00%
		$	105,689	EnLink Midstream Partners LP	3,586,493		57,348
Electric - 5.31%				Targa Resources Corp	1,013,013		43,965
ALLETE Inc	490,060		39,450			$	101,313
Alliant Energy Corp	1,005,912		45,377	Private Equity - 0.41%
Fortis Inc/Canada	458,678		16,879	Hercules Capital Inc	1,037,980		13,940
Great Plains Energy Inc	1,489,546		51,106
PNM Resources Inc	580,748		26,424	REITs - 13.88%
		$	179,236	Agree Realty Corp	281,115		13,898
Electrical Components & Equipment - 1.80%				Colony NorthStar Inc	4,692,446		57,201
Hubbell Inc	187,410		23,574	EastGroup Properties Inc	168,508		15,853
Littelfuse Inc	183,698		37,273	EPR Properties	740,247		50,204
		$	60,847	Gramercy Property Trust	1,982,331		56,536
Electronics - 0.81%				LaSalle Hotel Properties	1,101,796		31,335
Garmin Ltd	439,919		27,310	Medical Properties Trust Inc	5,273,029		72,188
				Omega Healthcare Investors Inc	2,740,271		73,576
Environmental Control - 1.00%				Pebblebrook Hotel Trust	1,034,929		39,814
MSA Safety Inc	391,596		33,677	Ramco-Gershenson Properties Trust	1,685,626		24,290
				Tanger Factory Outlet Centers Inc	1,355,993		33,954
Food - 3.88%						$	468,849
B&G Foods Inc	2,376,223		91,960	Retail - 1.57%
Ingredion Inc	281,235		38,945	MSC Industrial Direct Co Inc	129,584		11,672
		$	130,905	Nordstrom Inc	912,438		41,470
Gas - 0.91%						$	53,142
Vectren Corp	440,215		30,595	Semiconductors - 1.06%
				Maxim Integrated Products Inc	471,457		24,671
Hand & Machine Tools - 2.88%				MKS Instruments Inc	117,611		11,091
Lincoln Electric Holdings Inc	238,857		21,770			$	35,762
Snap-on Inc	444,846		75,370	Software - 2.60%
		$	97,140	Broadridge Financial Solutions Inc	389,665		35,171
Healthcare - Products - 3.43%				j2 Global Inc	697,703		52,649
STERIS PLC	793,752		71,406			$	87,820

See accompanying notes.

152

Schedule of Investments
Small-MidCap Dividend Income Fund
November 30, 2017 (unaudited)
COMMON STOCKS (continued)		Shares Held	Value (000's)
Supranational Bank - 1.45%
Banco Latinoamericano de Comercio Exterior		1,667,921	$	48,970
SA (a)
Telecommunications - 0.39%
Consolidated Communications Holdings Inc		938,695		13,273
Toys, Games & Hobbies - 1.04%
Hasbro Inc		376,457		35,018
TOTAL COMMON STOCKS			$	3,268,241
INVESTMENT COMPANIES - 1.94%		Shares Held	Value (000's)
Money Market Funds - 1.94%
Goldman Sachs Financial Square Funds -		65,501,519		65,502
Government Fund
TOTAL INVESTMENT COMPANIES			$	65,502
Total Investments			$	3,333,743
Other Assets and Liabilities - 1.28%			$	43,313
TOTAL NET ASSETS - 100.00%			$	3,377,056
(a) Affiliated Security as defined by the Investment Company Act of 1940 (the
Fund controls 5.0% or more of the outstanding voting shares of the
security). Please see affiliated sub-schedule for transactional information.
Portfolio Summary (unaudited)
Sector				Percent
Financial				34.75	%
Consumer, Cyclical				12.21	%
Consumer, Non-cyclical				11.59	%
Industrial				11.43	%
Energy				6.90	%
Utilities				6.22	%
Technology				5.26	%
Communications				3.71	%
Basic Materials				3.26	%
Investment Companies				1.94	%
Government				1.45	%
Other Assets and Liabilities				1.28	%
TOTAL NET ASSETS				100.00	%
Affiliated Securities		August 31, 2017				Purchases				Sales			November 30, 2017
				Value				Cost		Proceeds			Value
Banco Latinoamericano de Comercio	$			47,028		$		—	$	2,184	$		48,970
Exterior SA
	$			47,028		$		–	$	2,184	$		48,970
				Realized Gain/Loss					Realized Gain from				Change in Unrealized
		Income		on Investments					Capital Gain Distributions				Gain/Loss
Banco Latinoamericano de Comercio
Exterior SA	$	672	$			(226	)	$			—	$	4,352
	$	672	$			(226	)	$			—	$	4,352
Amounts in thousands

See accompanying notes.

153

Schedule of Investments
SystematEx International Fund
November 30, 2017 (unaudited)
COMMON STOCKS - 99.50%	Shares Held		Value (000's)	COMMON STOCKS (continued)	Shares Held		Value (000's)
Advertising - 0.27%				Banks (continued)
WPP PLC	12,257	$	216	National Australia Bank Ltd	7,172	$	161
				Nordea Bank AB	10,738		126
Aerospace & Defense - 0.74%				Oversea-Chinese Banking Corp Ltd	26,800		248
Airbus SE	711		74	Resona Holdings Inc	58,000		309
BAE Systems PLC	16,685		124	Royal Bank of Canada	1,300		102
Safran SA	3,589		383	Societe Generale SA	5,458		275
Thales SA	70		7	Sumitomo Mitsui Financial Group Inc	10,800		440
		$	588	Svenska Handelsbanken AB	311		4
Agriculture - 1.22%				Swedbank AB	1,595		38
British American Tobacco PLC	10,084		641	Toronto-Dominion Bank/The	2,500		142
Imperial Brands PLC	5,278		219	UBS Group AG (a)	4,009		69
Japan Tobacco Inc	3,600		119	UniCredit SpA (a)	470		9
		$	979	Westpac Banking Corp	12,243		294
Airlines - 1.41%				Yamaguchi Financial Group Inc	14,000		168
ANA Holdings Inc	6,600		264			$	8,492
Deutsche Lufthansa AG	12,177		419	Beverages - 1.70%
Japan Airlines Co Ltd	5,800		213	Anheuser-Busch InBev SA/NV	1,859		213
Qantas Airways Ltd	53,170		229	Coca-Cola HBC AG (a)	11,419		366
		$	1,125	Diageo PLC	9,322		322
Apparel - 1.26%				Kirin Holdings Co Ltd	16,400		384
Adidas AG	3,059		639	Pernod Ricard SA	457		71
Christian Dior SE	28		10			$	1,356
LVMH Moet Hennessy Louis Vuitton SE	1,224		357	Biotechnology - 0.19%
		$	1,006	CSL Ltd	1,385		151
Automobile Manufacturers - 4.55%
Bayerische Motoren Werke AG	1,594		161	Building Materials - 0.24%
Daimler AG	2,688		223	Boral Ltd	662		4
Ferrari NV	1,699		184	Cie de Saint-Gobain	872		50
Fiat Chrysler Automobiles NV (a)	9,129		157	CRH PLC	219		8
Honda Motor Co Ltd	13,300		444	Daikin Industries Ltd	400		46
Mazda Motor Corp	11,500		155	Geberit AG	16		7
Peugeot SA	14,223		294	LafargeHolcim Ltd (a)	1,286		70
Renault SA	1,185		120	Sika AG	1		8
Subaru Corp	7,700		254			$	193
Suzuki Motor Corp	14,800		801	Chemicals - 2.91%
Toyota Motor Corp	11,200		707	Air Liquide SA	533		67
Volkswagen AG	653		136	Akzo Nobel NV	85		8
		$	3,636	Arkema SA	1,933		237
Automobile Parts & Equipment - 3.70%				BASF SE	2,439		273
Aisin Seiki Co Ltd	4,600		248	Covestro AG (b)	4,727		492
Bridgestone Corp	9,300		425	Evonik Industries AG	4,092		153
Cie Generale des Etablissements Michelin	3,028		439	Johnson Matthey PLC	148		6
Continental AG	889		237	Linde AG	201		44
Denso Corp	3,900		220	Mitsubishi Chemical Holdings Corp	39,900		434
GKN PLC	63,248		265	Mitsui Chemicals Inc	6,600		214
NHK Spring Co Ltd	23,300		261	Shin-Etsu Chemical Co Ltd	100		11
Sumitomo Electric Industries Ltd	6,500		114	Sumitomo Chemical Co Ltd	28,000		196
Sumitomo Rubber Industries Ltd	10,200		187	Tosoh Corp	8,500		189
Toyoda Gosei Co Ltd	7,000		175			$	2,324
Valeo SA	5,272		382	Commercial Services - 0.37%
		$	2,953	Adecco Group AG (a)	3,753		284
Banks - 10.63%				Randstad Holding NV	134		8
Australia & New Zealand Banking Group Ltd	9,540		207			$	292
Banco Bilbao Vizcaya Argentaria SA	18,208		156	Computers - 1.33%
Banco Santander SA	41,923		282	Atos SE	2,738		404
Bank Hapoalim BM	31,983		218	Capgemini SE	2,718		313
Bank of Nova Scotia/The	1,500		95	Fujitsu Ltd	44,000		330
Barclays PLC	12,949		34	NEC Corp	600		16
BNP Paribas SA	8,701		659			$	1,063
BOC Hong Kong Holdings Ltd	735		4	Consumer Products - 0.17%
Commonwealth Bank of Australia	7,377		447	Reckitt Benckiser Group PLC	1,594		140
Danske Bank A/S	7,573		283
DBS Group Holdings Ltd	17,400		317	Cosmetics & Personal Care - 1.89%
Deutsche Bank AG	418		8	Kao Corp	2,700		179
Hang Seng Bank Ltd	94		2	L'Oreal SA	36		8
Hokuhoku Financial Group Inc	3,300		49	Unilever NV	12,727		734
HSBC Holdings PLC	115,294		1,149	Unilever PLC	10,393		586
ING Groep NV	27,143		491			$	1,507
Lloyds Banking Group PLC	265,013		237	Distribution & Wholesale - 1.89%
Macquarie Group Ltd	3,789		284	ITOCHU Corp	23,800		414
Mitsubishi UFJ Financial Group Inc	87,500		624	Li & Fung Ltd	16,000		7
Mizrahi Tefahot Bank Ltd	13,531		247	Mitsubishi Corp	18,800		473
Mizuho Financial Group Inc	172,500		314	Mitsui & Co Ltd	28,200		430

See accompanying notes.

154

Schedule of Investments
SystematEx International Fund
November 30, 2017 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value (000's)	COMMON STOCKS (continued)	Shares Held		Value (000's)
Distribution & Wholesale (continued)				Gas (continued)
Sumitomo Corp	12,000	$	187	National Grid PLC	3,162	$	38
		$	1,511			$	275
Diversified Financial Services - 1.08%				Healthcare - Products - 1.29%
Mitsubishi UFJ Lease & Finance Co Ltd	7,000		40	Cochlear Ltd	800		110
Nomura Holdings Inc	9,200		56	Essilor International Cie Generale d'Optique	507		65
ORIX Corp	21,300		369	SA
Partners Group Holding AG	575		396	Lonza Group AG (a)	2,307		605
		$	861	Sonova Holding AG	42		7
Electric - 2.07%				William Demant Holding A/S (a)	9,025		248
EDP - Energias de Portugal SA	45,555		160			$	1,035
Enel SpA	96,016		624	Healthcare - Services - 1.57%
Engie SA	20,315		355	Eurofins Scientific SE	129		78
Iberdrola SA	1,022		8	Fresenius Medical Care AG & Co KGaA	2,534		253
Kansai Electric Power Co Inc/The	18,800		249	Fresenius SE & Co KGaA	5,450		394
RWE AG	10,905		250	Ramsay Health Care Ltd	5,506		292
Tohoku Electric Power Co Inc	400		5	Sonic Healthcare Ltd	14,266		241
		$	1,651			$	1,258
Electrical Components & Equipment - 0.73%				Holding Companies - Diversified - 0.92%
Brother Industries Ltd	10,200		254	CK Hutchison Holdings Ltd	27,000		341
Schneider Electric SE (a)	3,795		326	Jardine Matheson Holdings Ltd	4,000		250
		$	580	Swire Pacific Ltd	1,000		10
Electronics - 0.87%				Wharf Holdings Ltd/The	42,412		134
Hitachi High-Technologies Corp	6,000		250			$	735
Keyence Corp	100		58	Home Builders - 2.27%
Koninklijke Philips NV	9,707		376	Barratt Developments PLC	25,353		208
Murata Manufacturing Co Ltd	100		14	Berkeley Group Holdings PLC	5,913		305
		$	698	Daiwa House Industry Co Ltd	6,100		224
Energy - Alternate Sources - 0.45%				Iida Group Holdings Co Ltd	12,600		233
Vestas Wind Systems A/S	5,631		359	Persimmon PLC	7,551		259
				Sekisui Chemical Co Ltd	6,500		126
Engineering & Construction - 3.74%				Sekisui House Ltd	10,100		189
ACS Actividades de Construccion y Servicios	8,352		323	Taylor Wimpey PLC	102,673		272
SA						$	1,816
Aena SME SA (b)	2,479		493	Home Furnishings - 0.62%
Eiffage SA	2,583		283	Electrolux AB	10,092		335
Fraport AG Frankfurt Airport Services	807		80	Sony Corp	3,400		159
Worldwide						$	494
HOCHTIEF AG	1,686		297	Insurance - 7.93%
Kajima Corp	36,000		379	AIA Group Ltd	53,345		435
Obayashi Corp	19,900		258	Allianz SE	3,361		794
Taisei Corp	6,000		316	Aviva PLC	12,471		86
Vinci SA	5,438		556	AXA SA	18,336		553
		$	2,985	Baloise Holding AG	529		82
Entertainment - 0.42%				CNP Assurances	11,363		255
Aristocrat Leisure Ltd	20,037		335	Dai-ichi Life Holdings Inc	7,400		153
				Hannover Rueck SE	2,841		374
Food - 4.26%				Legal & General Group PLC	97,713		353
Danone SA	963		81	Manulife Financial Corp	10,600		223
Marine Harvest ASA (a)	13,028		230	Mapfre SA	73,665		248
Nestle SA	14,752		1,262	MS&AD Insurance Group Holdings Inc	9,100		298
NH Foods Ltd	10,000		246	Muenchener Rueckversicherungs-Gesellschaft	1,252		279
Seven & i Holdings Co Ltd	6,700		277	AG in Muenchen
Tate & Lyle PLC	25,331		231	NN Group NV	6,600		289
Tesco PLC	2,585		7	Prudential PLC	6,576		165
Wesfarmers Ltd	12,240		408	SCOR SE	7,714		314
WH Group Ltd (b)	330,680		352	Sompo Holdings Inc	7,300		296
Wm Morrison Supermarkets PLC	81,138		237	Swiss Life Holding AG (a)	998		336
Woolworths Ltd	3,462		71	Swiss Re AG	3,210		301
		$	3,402	Tokio Marine Holdings Inc	5,100		226
Food Service - 0.02%				Zurich Insurance Group AG	915		277
Compass Group PLC	358		7			$	6,337
Sodexo SA	65		9	Internet - 0.96%
		$	16	Mixi Inc	6,800		317
Forest Products & Paper - 1.01%				SBI Holdings Inc/Japan	4,500		81
Mondi PLC	4,024		96	United Internet AG	5,486		370
Stora Enso OYJ	14,439		221			$	768
UPM-Kymmene OYJ	16,317		491	Iron & Steel - 1.14%
		$	808	ArcelorMittal (a)	10,541		318
Gas - 0.34%				BlueScope Steel Ltd	24,487		254
Centrica PLC	117,551		230	Fortescue Metals Group Ltd	96,203		336
Gas Natural SDG SA	338		7			$	908

See accompanying notes.

155

Schedule of Investments
SystematEx International Fund
November 30, 2017 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value (000's)	COMMON STOCKS (continued)	Shares Held	Value (000's)
Leisure Products & Services - 0.01%				Real Estate - 2.51%
Carnival PLC	120	$	8	CK Asset Holdings Ltd	54,499	$	461
				Daito Trust Construction Co Ltd	300		55
Machinery - Construction & Mining - 0.72%				Henderson Land Development Co Ltd	50,000		328
ABB Ltd	4,520		116	Kerry Properties Ltd	81,000		359
Atlas Copco AB - A Shares	181		8	Mitsui Fudosan Co Ltd	100		2
Hitachi Ltd	59,000		442	New World Development Co Ltd	5,718		8
Komatsu Ltd	300		9	Nomura Real Estate Holdings Inc	6,100		141
		$	575	Sun Hung Kai Properties Ltd	17,000		279
Machinery - Diversified - 0.12%				Wheelock & Co Ltd	54,230		373
FANUC Corp	400		100			$	2,006
				REITs - 0.01%
Media - 0.01%				Dexus	900		7
I-CABLE Communications Ltd (a)	70,593		2
RTL Group SA	33		3	Retail - 0.79%
		$	5	Cie Financiere Richemont SA	1,010		87
Mining - 3.69%				Sundrug Co Ltd	4,800		222
Anglo American PLC	25,594		471	Takashimaya Co Ltd	33,000		326
BHP Billiton Ltd	7,781		162			$	635
BHP Billiton PLC	2,996		54	Semiconductors - 0.89%
Boliden AB	8,924		282	ASML Holding NV	1,102		193
Glencore PLC (a)	134,845		620	Infineon Technologies AG	626		17
Mitsubishi Materials Corp	1,000		34	NXP Semiconductors NV (a)	100		11
Norsk Hydro ASA	33,528		228	STMicroelectronics NV	21,580		489
Rio Tinto Ltd	3,700		200			$	710
Rio Tinto PLC	13,488		639	Software - 1.18%
South32 Ltd	106,924		262	Amadeus IT Group SA	6,161		444
		$	2,952	SAP SE	4,442		502
Miscellaneous Manufacturers - 1.33%						$	946
FUJIFILM Holdings Corp	6,500		267	Telecommunications - 3.94%
Siemens AG	5,850		795	BT Group PLC	43,898		154
		$	1,062	Deutsche Telekom AG	19,388		346
Office & Business Equipment - 0.70%				KDDI Corp	10,700		306
Canon Inc	14,600		560	Nippon Telegraph & Telephone Corp	9,600		501
				Nokia OYJ	1,319		7
Oil & Gas - 6.73%				NTT DOCOMO Inc	12,200		315
BP PLC	131,684		877	Orange SA	23,774		409
Caltex Australia Ltd	10,387		269	Proximus SADP	154		5
Eni SpA	485		8	SoftBank Group Corp	2,300		195
Galp Energia SGPS SA	11,596		219	Spark New Zealand Ltd	2,112		5
JXTG Holdings Inc	73,150		413	Telefonica SA	29,962		307
Neste Oyj	8,054		500	Vodafone Group PLC	195,999		595
OMV AG	6,134		382			$	3,145
Repsol SA	14,478		266	Transportation - 1.57%
Royal Dutch Shell PLC - A Shares	21,237		679	Central Japan Railway Co	1,900		352
Royal Dutch Shell PLC - B Shares	20,540		666	Deutsche Post AG	9,509		453
Statoil ASA	13,842		278	East Japan Railway Co	2,100		203
TOTAL SA	14,549		822	Royal Mail PLC	41,243		247
		$	5,379			$	1,255
Pharmaceuticals - 8.10%				TOTAL COMMON STOCKS		$	79,508
Alfresa Holdings Corp	14,300		307	INVESTMENT COMPANIES - 0.09%	Shares Held	Value (000's)
Astellas Pharma Inc	15,200		193	Money Market Funds - 0.09%
AstraZeneca PLC	3,992		258	Morgan Stanley Institutional Liquidity Funds -	72,446		72
Bayer AG	6,587		841	Government Portfolio
GlaxoSmithKline PLC	24,453		423
Idorsia Ltd (a)	274		6
				TOTAL INVESTMENT COMPANIES		$	72
Medipal Holdings Corp	16,200		315	Total Investments		$	79,580
Merck KGaA	2,575		274	Other Assets and Liabilities - 0.41%		$	325
Mitsubishi Tanabe Pharma Corp	5,400		117	TOTAL NET ASSETS - 100.00%		$	79,905
Novartis AG	10,566		906
Novo Nordisk A/S	7,736		400
Orion Oyj	5,656		209	(a) Non-income producing security
Roche Holding AG	3,979		1,006	(b) Security exempt from registration under Rule 144A of the Securities Act of
Sanofi	7,432		678	1933. These securities may be resold in transactions exempt from
Shire PLC	1,546		77	registration, normally to qualified institutional buyers. At the end of the
Suzuken Co Ltd/Aichi Japan	7,800		309	period, the value of these securities totaled $1,337 or 1.67% of net assets.
Takeda Pharmaceutical Co Ltd	2,700		149
Teva Pharmaceutical Industries Ltd ADR	443		7
		$	6,475
Private Equity - 1.04%
3i Group PLC	47,431		579
Wharf Real Estate Investment Co Ltd (a)	42,412		256
		$	835

See accompanying notes.

156

	Schedule of Investments
	SystematEx International Fund
	November 30, 2017 (unaudited)
Portfolio Summary (unaudited)
Country	Percent
Japan	26.13	%
United Kingdom	14.59	%
Germany	11.38	%
France	11.08	%
Switzerland	9.16	%
Australia	5.74	%
Hong Kong	4.51	%
Netherlands	3.40	%
Spain	3.17	%
Finland	1.78	%
Denmark	1.61	%
Italy	1.03	%
Sweden	1.00	%
Norway	0.92	%
Canada	0.71	%
Singapore	0.71	%
Israel	0.59	%
Luxembourg	0.51	%
Austria	0.48	%
Portugal	0.47	%
Belgium	0.28	%
United States	0.20	%
South Africa	0.12	%
New Zealand	0.01	%
Ireland	0.01	%
Other Assets and Liabilities	0.41	%
TOTAL NET ASSETS	100.00	%

See accompanying notes.

157

Schedule of Investments
SystematEx Large Value Fund
November 30, 2017 (unaudited)
COMMON STOCKS - 99.75%	Shares Held		Value (000's)	COMMON STOCKS (continued)	Shares Held		Value (000's)
Aerospace & Defense - 3.22%				Computers (continued)
General Dynamics Corp	364	$	75	DXC Technology Co	385	$	37
L3 Technologies Inc	249		50	International Business Machines Corp	36		5
Lockheed Martin Corp	170		54	NetApp Inc	649		37
Northrop Grumman Corp	154		47	Western Digital Corp	478		38
Raytheon Co	332		64			$	151
United Technologies Corp	312		38	Cosmetics & Personal Care - 1.61%
		$	328	Colgate-Palmolive Co	234		17
Agriculture - 1.29%				Procter & Gamble Co/The	1,633		147
Archer-Daniels-Midland Co	814		32			$	164
Philip Morris International Inc	971		100	Diversified Financial Services - 1.84%
		$	132	American Express Co	325		32
Airlines - 0.01%				Ameriprise Financial Inc	228		37
Alaska Air Group Inc	13		1	BlackRock Inc	44		22
				CME Group Inc	49		7
Apparel - 0.40%				Discover Financial Services	756		54
VF Corp	557		41	Federated Investors Inc	865		29
				Navient Corp	557		7
Automobile Manufacturers - 0.31%						$	188
Ford Motor Co	628		8	Electric - 3.99%
General Motors Co	550		24	CenterPoint Energy Inc	2,386		72
		$	32	Dominion Energy Inc	12		1
Automobile Parts & Equipment - 0.63%				DTE Energy Co	304		35
Allison Transmission Holdings Inc	557		23	Duke Energy Corp	114		10
Lear Corp	225		41	Edison International	518		42
		$	64	Exelon Corp	1,255		52
Banks - 16.32%				FirstEnergy Corp	1,575		54
Bank of America Corp	9,779		275	MDU Resources Group Inc	1,898		53
Bank of Hawaii Corp	12		1	NextEra Energy Inc	145		23
Bank of New York Mellon Corp/The	302		17	PG&E Corp	1,127		61
BB&T Corp	1,099		54	Southern Co/The	46		3
Capital One Financial Corp	129		12	Xcel Energy Inc	19		1
Citigroup Inc	1,966		148			$	407
Comerica Inc	538		45	Electrical Components & Equipment - 0.63%
Cullen/Frost Bankers Inc	10		1	AMETEK Inc	882		64
East West Bancorp Inc	626		39
Fifth Third Bancorp	1,619		49	Electronics - 1.19%
Goldman Sachs Group Inc/The	314		78	Fortive Corp	438		33
JPMorgan Chase & Co	3,728		390	Honeywell International Inc	562		87
Morgan Stanley	848		44	Jabil Inc	34		1
PNC Financial Services Group Inc/The	770		108			$	121
Regions Financial Corp	3,269		54	Entertainment - 0.01%
SunTrust Banks Inc	994		61	Dolby Laboratories Inc	18		1
US Bancorp	1,957		108
Wells Fargo & Co	3,185		180	Environmental Control - 0.43%
		$	1,664	Waste Management Inc	540		44
Beverages - 0.12%
Coca-Cola Co/The	256		12	Food - 0.63%
				JM Smucker Co/The	219		26
Biotechnology - 0.93%				Kraft Heinz Co/The	146		12
Amgen Inc	540		95	Mondelez International Inc	615		26
						$	64
Building Materials - 0.40%				Gas - 0.31%
Owens Corning	465		41	Vectren Corp	456		32
Chemicals - 2.66%				Hand & Machine Tools - 0.53%
Cabot Corp	702		43	Stanley Black & Decker Inc	320		54
Celanese Corp	357		38
DowDuPont Inc	553		40	Healthcare - Products - 1.73%
Eastman Chemical Co	546		50	Abbott Laboratories	596		34
Huntsman Corp	935		30	Baxter International Inc	948		62
LyondellBasell Industries NV	358		38	Danaher Corp	180		17
Versum Materials Inc	842		32	Hill-Rom Holdings Inc	17		1
		$	271	Medtronic PLC	615		51
Commercial Services - 0.67%				Thermo Fisher Scientific Inc	64		12
Aramark	25		1			$	177
Booz Allen Hamilton Holding Corp	29		1	Healthcare - Services - 3.48%
CoreLogic Inc/United States (a)	757		33	Aetna Inc	429		77
H&R Block Inc	38		1	Anthem Inc	390		92
ManpowerGroup Inc	247		32	Cigna Corp	184		39
		$	68	Humana Inc	129		34
Computers - 1.48%				Quest Diagnostics Inc	502		49
Apple Inc	190		33	UnitedHealth Group Inc	280		64
DST Systems Inc	16		1			$	355

See accompanying notes.

158

Schedule of Investments
SystematEx Large Value Fund
November 30, 2017 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value (000's)	COMMON STOCKS (continued)	Shares Held		Value (000's)
Home Builders - 0.75%				Oil & Gas (continued)
DR Horton Inc	839	$	43	Valero Energy Corp	848	$	73
Toll Brothers Inc	687		34			$	908
		$	77	Oil & Gas Services - 1.18%
Insurance - 9.97%				Halliburton Co	914		38
Aflac Inc	710		62	Schlumberger Ltd	858		54
Allstate Corp/The	589		60	TechnipFMC PLC	981		28
American Financial Group Inc/OH	497		52			$	120
American International Group Inc	183		11	Packaging & Containers - 0.21%
Assured Guaranty Ltd	30		1	Owens-Illinois Inc (a)	861		21
Berkshire Hathaway Inc - Class B (a)	1,789		345
Brighthouse Financial Inc (a)	41		2	Pharmaceuticals - 8.12%
Chubb Ltd	462		70	Allergan PLC	189		33
Everest Re Group Ltd	4		1	Bristol-Myers Squibb Co	1,003		63
Hanover Insurance Group Inc/The	154		17	Express Scripts Holding Co (a)	378		25
Hartford Financial Services Group Inc/The	932		53	Johnson & Johnson	2,176		303
Lincoln National Corp	741		57	McKesson Corp	331		49
MetLife Inc	336		18	Merck & Co Inc	2,694		149
Old Republic International Corp	1,471		31	Pfizer Inc	5,683		206
Prudential Financial Inc	792		92			$	828
Reinsurance Group of America Inc	343		56	Pipelines - 0.99%
Travelers Cos Inc/The	463		63	Enbridge Inc	753		28
Unum Group	454		26	Kinder Morgan Inc/DE	1,978		34
		$	1,017	ONEOK Inc	743		39
Internet - 0.04%						$	101
eBay Inc (a)	131		4
				Private Equity - 0.00%
				Granite Point Mortgage Trust Inc	3		—
Iron & Steel - 0.69%
Nucor Corp	628		36	Real Estate - 0.37%
Steel Dynamics Inc	876		34	CBRE Group Inc (a)	881		38
		$	70
Leisure Products & Services - 0.95%				REITs - 3.26%
Carnival Corp	614		40	American Homes 4 Rent	1,238		27
Royal Caribbean Cruises Ltd	462		57	Apple Hospitality REIT Inc	1,026		20
		$	97	Chimera Investment Corp	1,162		21
Lodging - 1.09%				Duke Realty Corp	1,354		38
Hilton Worldwide Holdings Inc	693		54	Empire State Realty Trust Inc	1,032		21
Marriott International Inc/MD	450		57	Highwoods Properties Inc	641		33
		$	111	Hospitality Properties Trust	1,802		54
Machinery - Construction & Mining - 0.37%				Liberty Property Trust	426		19
Oshkosh Corp	422		38	Park Hotels & Resorts Inc	1,074		31
				Prologis Inc	1,028		68
Machinery - Diversified - 0.99%				Two Harbors Investment Corp	17		—
Cummins Inc	265		44			$	332
Rockwell Automation Inc	294		57	Retail - 4.61%
		$	101	Best Buy Co Inc	819		49
Media - 1.11%				Burlington Stores Inc (a)	127		13
Comcast Corp - Class A	1,218		46	CVS Health Corp	1,407		108
Time Warner Inc	603		55	Darden Restaurants Inc	377		32
Walt Disney Co/The	112		12	PVH Corp	9		1
		$	113	Walgreens Boots Alliance Inc	1,054		77
Mining - 0.30%				Wal-Mart Stores Inc	1,775		172
Freeport-McMoRan Inc (a)	2,245		31	World Fuel Services Corp	642		18
						$	470
Miscellaneous Manufacturers - 1.69%				Semiconductors - 4.52%
Dover Corp	363		36	Applied Materials Inc	620		33
General Electric Co	4,215		77	Intel Corp	4,551		204
Parker-Hannifin Corp	316		59	Lam Research Corp	189		36
		$	172	Marvell Technology Group Ltd	1,899		43
Oil & Gas - 8.90%				Micron Technology Inc (a)	1,412		60
Anadarko Petroleum Corp	16		1	NVIDIA Corp	109		22
Andeavor	438		46	QUALCOMM Inc	652		43
Chevron Corp	1,815		216	Teradyne Inc	502		20
ConocoPhillips	754		38			$	461
CVR Energy Inc	11		—	Software - 1.65%
EOG Resources Inc	226		23	Oracle Corp	1,705		84
Exxon Mobil Corp	3,627		302	Synopsys Inc (a)	590		53
Helmerich & Payne Inc	15		1	VMware Inc (a)	259		31
HollyFrontier Corp	1,091		49			$	168
Marathon Petroleum Corp	1,078		67	Telecommunications - 3.15%
Occidental Petroleum Corp	288		20	AT&T Inc	4,106		149
Patterson-UTI Energy Inc	42		1	Cisco Systems Inc	3,223		120
Phillips 66	723		71	Juniper Networks Inc	37		1

See accompanying notes.

159

			Schedule of Investments
			SystematEx Large Value Fund
			November 30, 2017 (unaudited)
COMMON STOCKS (continued)	Shares Held		Value (000's)
Telecommunications (continued)
Verizon Communications Inc	994	$	51
		$	321
Transportation - 0.02%
CSX Corp	10		1
Union Pacific Corp	9		1
		$	2
TOTAL COMMON STOCKS		$	10,172
INVESTMENT COMPANIES - 0.11%	Shares Held		Value (000's)
Money Market Funds - 0.11%
Morgan Stanley Institutional Liquidity Funds -	10,635		11
Government Portfolio
TOTAL INVESTMENT COMPANIES		$	11
Total Investments		$	10,183
Other Assets and Liabilities - 0.14%		$	14
TOTAL NET ASSETS - 100.00%		$	10,197
(a) Non-income producing security
Portfolio Summary (unaudited)
Sector			Percent
Financial			31.77	%
Consumer, Non-cyclical			18.59	%
Energy			11.08	%
Industrial			9.66	%
Consumer, Cyclical			8.77	%
Technology			7.65	%
Utilities			4.30	%
Communications			4.29	%
Basic Materials			3.64	%
Investment Companies			0.11	%
Other Assets and Liabilities			0.14	%
TOTAL NET ASSETS			100.00	%

See accompanying notes.

160

Glossary to the Schedule of Investments
November 30, 2017 (unaudited)

Currency Abbreviations ARS AUD BRL CAD CHF CLP CNH CNY COP CZK DKK EGP EUR GBP HKD HUF IDR ILS INR JPY KRW MXN MYR NOK NZD PEN PHP PLN RON RUB SEK SGD TRY TWD USD/$ ZAR   Argentine Peso Australian Dollar Brazilian Real Canadian Dollar Swiss Franc Chilean Peso Chinese Renminbi Chinese Renminbi Colombian Peso Czech Koruna Danish Krone Egyptian Pound Euro British Pound Sterling Hong Kong Dollar Hungarian Forint Indonesian Rupiah Israeli New Shekel Indian Rupee Japanese Yen South Korean Won Mexican Peso Malaysian Ringgit Norwegian Krone New Zealand Dollar Peruvian Nuevo Sol Philippine Peso Polish Zloty Romanian New Leu Russian Rouble Swedish Krona Singapore Dollar Turkish Lira New Taiwan Dollar United States Dollar South African Rand

See accompanying notes.

161

Security Valuation

Real Estate Allocation Fund invests in Class R-6 shares of other series of Principal Funds, Inc. (the “Underlying Funds”). Investments in the Underlying Funds are valued at the closing net asset value per share of each Underlying Fund on the day of valuation.

Blue Chip Fund, Bond Market Index Fund, Capital Securities Fund, Diversified Real Asset Fund, Dynamic Floating Rate High Income Fund, EDGE MidCap Fund, Global Multi-Strategy Fund, Global Opportunities Fund, International Equity Index Fund, International Small Company Fund, Multi-Manager Equity Long/Short Fund, Opportunistic Municipal Fund, Origin Emerging Markets Fund, Preferred Securities Fund, Real Estate Debt Income Fund, Small-MidCap Dividend Income Fund, SystematEx International Fund, and SystematEx Large Value Fund (known as the “Funds”) value securities for which market quotations are readily available at fair value, which is determined using the last reported sale price. If no sales are reported, as is regularly the case for some securities traded over-the-counter, securities are valued using the last reported bid price or an evaluated bid price provided by a pricing service. Pricing services use modeling techniques that incorporate security characteristics, market conditions and dealer-supplied valuations to determine an evaluated bid price. When reliable market quotations are not considered to be readily available, which may be the case, for example, with respect to restricted securities, certain debt securities, preferred stocks, and foreign securities, the investments are valued at their fair value as determined in good faith by Principal Global Investors, LLC (“the Manager”) under procedures established and periodically reviewed by the Fund’s Board of Directors.

The value of foreign securities used in computing the net asset value per share is generally determined as of the close of the foreign exchange where the security is principally traded. Events that occur after the close of the applicable foreign market or exchange but prior to the calculation of the Funds’ net asset values are reflected in the Funds’ net asset values and these securities are valued at fair value as determined in good faith by the Manager under procedures established and periodically reviewed by the Fund’s Board of Directors. Many factors, provided by independent pricing services, are reviewed in the course of making a good faith determination of a security’s fair value, including, but not limited to, price movements in ADRs, futures contracts, industry indices, general indices, and foreign currencies.

To the extent the Funds invest in foreign securities listed on foreign exchanges which trade on days on which the Funds do not determine net asset values, for example weekends and other customary national U.S. holidays, the Funds’ net asset values could be significantly affected on days when shareholders cannot purchase or redeem shares.

Certain securities issued by companies in emerging market countries may have more than one quoted valuation at any given point in time, sometimes referred to as a “local” price and a “premium” price. The premium price is often a negotiated price, which may not consistently represent a price at which a specific transaction can be effected. It is the policy of the Funds to value such securities at prices at which it is expected those shares may be sold, and the Manager or any sub-advisor is authorized to make such determinations subject to such oversight by the Fund’s Board of Directors as may occasionally be necessary.

Fair value is defined as the price that the Funds would receive upon selling a security in a timely transaction to an independent buyer in the principal or most advantageous market of the security at the measurement date. In determining fair value, the Funds may use one or more of the following approaches: market, income and/or cost. A hierarchy for inputs is used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available.

Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Funds. Unobservable inputs are inputs that reflect the Funds own estimates about the estimates market participants would use in pricing the asset or liability developed based on the best information available in the circumstances.

The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

Level 1 – Quoted prices are available in active markets for identical securities as of the reporting date. The type of securities included in Level 1 includes listed equities and listed derivatives.

Level 2 – Other significant observable inputs (including quoted prices for similar investments, interest rates, prepayments speeds, credit risk, etc.) Investments which are generally included in this category include corporate bonds, senior floating rate interests, and municipal bonds.

Level 3 – Significant unobservable inputs (including the Funds’ assumptions in determining the fair value of investments.) Investments which are generally included in this category include certain corporate bonds and certain mortgage backed securities.

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the market place, and other characteristics particular to the transaction. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised by the Funds in determining fair value is greatest for instruments categorized in Level 3.

In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes the level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest level input that is significant to the fair value measurement in its entirety.

Fair value is a market based measure considered from the perspective of a market participant who holds the asset rather than an entity specific measure. Therefore, even when market assumptions are not readily available, the Fund’s own assumptions are set to reflect those that market participants would use in pricing the asset or liability at the measurement date. The Funds use prices and inputs that are current as of the measurement date.

Investments which are generally included in the Level 3 category are primarily valued using quoted prices from brokers and dealers participating in the market for these investments. These investments are classified as Level 3 investments due to the lack of market transparency and market corroboration to support these quoted prices. Valuation models may be used as the pricing source for other investments classified as Level 3. Valuation models rely on one or more significant unobservable inputs such as prepayment rates, probability of default, or loss severity in the event of default. Significant increases in any of those inputs in isolation would result in a significantly lower fair value measurement. Benchmark pricing procedures set the base price of a security based on current market data. The base price may be a broker-dealer quote, transaction price, or internal value based on relevant market data.

The fair values of these entities are dependent on economic, political and other considerations. The values of the underlying investee entities may be affected by significant changes in the economic conditions, changes in government policies, and other factors (e.g., natural disasters, accidents, conflicts, etc.).

Fair value of these investments is determined in good faith by the Manager under procedures established and periodically reviewed by the Fund’s Board of Directors. The Manager has established a valuation committee (“Valuation Committee”) of senior officers and employees, with the responsibility of overseeing the pricing and valuation of all securities, including securities where market quotations are not readily available. The Valuation Committee meets at least monthly and reports directly to the Board of Directors. A pricing group (the “Pricing Group”) who reports to the Valuation Committee relies on the established pricing policies to determine fair valuation. Included in the pricing policies is an overview of the approved valuation approaches established for each asset class. The Pricing Group will consider all appropriate information when determining fair valuation.

The Pricing Group relies on externally provided valuation inputs to determine the value of Level 3 securities. Security values are updated as new information becomes available. Valuation data and changes in valuation amounts are reviewed on a daily basis based on specified criteria for the security, asset class, and other factors. In addition, valuation data is periodically compared to actual transactions executed by the Funds (i.e., purchases/sales) and differences between transaction prices and prior period valuation data are investigated based on specified tolerances.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those instruments.

The beginning of the period timing recognition has been adopted for the transfers between levels of each Fund’s assets and liabilities. During the period, there were no significant purchases, sales, or transfers into or out of Level 3, except as noted in the Level 3 roll forward.

The table below includes transfers from Level 1 to Level 2 for the period ended November 30, 2017 due to lack of exchange traded valuation data:

Global Multi-Strategy Fund	$	1,006,616
Preferred Securities Fund		5,905,049

In addition, the following amount was transferred from Level 2 to Level 1 for the period ended November 30, 2017 as the valuations for certain countries reflect the exchange close price.

Diversified Real Asset Fund	$	10,062,228
Origin Emerging Markets Fund		22,674,962

Below are transfers from Level 2 to Level 1 for the period ended November 30, 2017 due to the resumption of trading for previous thinly traded securities:

Capital Securities Fund	$	1,075,313
Global Multi-Strategy Fund		39,394
Preferred Securities Fund		7,074,896

The following is a summary of the inputs used as of November 30, 2017 in valuing the Funds' securities carried at value (amounts
shown in thousands):
						Level 2 - Other
			Level 1 - Quoted		Significant Observable				Level 3 - Significant
Fund			Prices			Inputs			Unobservable Inputs	Totals (Level 1,2,3)
Blue Chip Fund
Common Stocks*		$	2,334,727		$	—		$	—	$	2,334,727
Investment Companies*			5,906			—			—		5,906
	Total investments in securities $		2,340,633		$	—		$	—	$	2,340,633
Bond Market Index Fund
Bonds*		$	—		$	640,140		$	—	$	640,140
Investment Companies*			124,822			—			—		124,822
Municipal Bonds*			—			14,538			—		14,538
U.S. Government & Government Agency Obligations*			—			1,231,739			—		1,231,739
	Total investments in securities $		124,822		$	1,886,417		$	—	$	2,011,239
Short Sales
U.S. Government & Government Agency Obligations		$	—		$	(3,020	)	$	—	$	(3,020	)
	Total Short Sales $		—		$	(3,020	)	$	—	$	(3,020	)
Capital Securities Fund
Bonds*		$	—		$	452,979		$	—	$	452,979
Investment Companies*			11,605			—			—		11,605
Preferred Stocks
Communications			—			8,256			—		8,256
Financial			10,437			8,005			—		18,442
Government			—			274			—		274
	Total investments in securities $		22,042		$	469,514		$	—	$	491,556
Diversified Real Asset Fund
Bonds*		$	—		$	258,839		$	—	$	258,839
Commodity Indexed Structured Notes*			—			20,902			—		20,902
Common Stocks
Basic Materials			159,003			197,501			—		356,504
Communications			—			1,943			—		1,943
Consumer, Cyclical			35,261			10,624			1,328		47,213
Consumer, Non-cyclical			33,746			76,914			—		110,660
Diversified			—			1,766			—		1,766
Energy			508,343			66,837			31		575,211
Financial			295,311			191,194			—		486,505
Industrial			105,722			123,627			—		229,349
Technology			5,014			—			—		5,014
Utilities			148,684			150,155			—		298,839
Convertible Bonds*			—			272			—		272
Investment Companies*			100,001			—			—		100,001
Senior Floating Rate Interests*			—			774,086			—		774,086
U.S. Government & Government Agency Obligations*			—			719,796			—		719,796
Purchased Interest Rate Swaptions			—			1,011			—		1,011
Purchased Options			—			123			—		123
	Total investments in securities $		1,391,085		$	2,595,590		$	1,359	$	3,988,034
Assets
Commodity Contracts**
Futures		$	9,022		$	—		$	—	$	9,022
Foreign Exchange Contracts**
Foreign Currency Contracts		$	—		$	6,684		$	—	$	6,684
Interest Rate Contracts**
Exchange Cleared Interest Rate Swaps		$	—		$	597		$	—	$	597
Futures			354			—			—		354
Interest Rate Swaps			—			763			—		763
Liabilities
Commodity Contracts**
Futures		$	(5,058	)	$	—		$	—	$	(5,058	)
Total Return Swaps			—			(2,315	)		—		(2,315	)
Foreign Exchange Contracts**
Foreign Currency Contracts		$	—		$	(9,347	)	$	—	$	(9,347	)
Interest Rate Contracts**
Exchange Cleared Interest Rate Swaps		$	—		$	(524	)	$	—	$	(524	)
Futures			(160	)		—			—		(160	)
Interest Rate Swaptions			—			(235	)		—		(235	)
Dynamic Floating Rate High Income Fund
Bonds*		$	—		$	1,742		$	—	$	1,742
Investment Companies*			1,669			—			—		1,669
Senior Floating Rate Interests*			—			7,897			—		7,897
	Total investments in securities $		1,669		$	9,639		$	—	$	11,308
EDGE MidCap Fund
Common Stocks*		$	453,168		$	—		$	—	$	453,168
Investment Companies*			9,279			—			—		9,279
	Total investments in securities $		462,447		$	—		$	—	$	462,447

					Level 2 - Other
		Level 1 - Quoted			Significant Observable			Level 3 - Significant
Fund		Prices			Inputs			Unobservable Inputs		Totals (Level 1,2,3)
Global Multi-Strategy Fund
Bonds*	$	—		$	831,815		$	4,644	$	836,459
Common Stocks
Basic Materials		58,682			22,001			—		80,683
Communications		94,000			12,017			84		106,101
Consumer, Cyclical		106,785			51,634			14		158,433
Consumer, Non-cyclical		155,570			51,530			—		207,100
Diversified		893			1,177			—		2,070
Energy		63,675			10,679			—		74,354
Financial		123,623			55,452			2,791		181,866
Industrial		97,941			48,710			—		146,651
Technology		101,525			13,307			4		114,836
Utilities		14,559			8,011			—		22,570
Convertible Bonds*		—			72,890			—		72,890
Convertible Preferred Stocks
Communications		870			—			214		1,084
Consumer, Cyclical		—			—			37		37
Consumer, Non-cyclical		6,392			109			—		6,501
Energy		208			—			—		208
Financial		2,837			3,727			—		6,564
Industrial		156			—			—		156
Technology		—			369			—		369
Utilities		772			—			—		772
Investment Companies*		493,743			180			—		493,923
Preferred Stocks
Communications		130			107			2,092		2,329
Consumer, Cyclical		—			2,587			—		2,587
Financial		223			610			722		1,555
Industrial		—			—			1,253		1,253
Technology		—			—			146		146
Repurchase Agreements*		—			263,885			—		263,885
Senior Floating Rate Interests*		—			157,446			—		157,446
U.S. Government & Government Agency Obligations*		—			229,822			—		229,822
Purchased Interest Rate Swaptions		—			151			—		151
Purchased Options		4,390			1,685			—		6,075
Total investments in securities $		1,326,974		$	1,839,901		$	12,001	$	3,178,876
Short Sales
Bonds	$	—		$	(29,492	)	$	—	$	(29,492	)
Common Stocks
Basic Materials		(5,923	)		(11,626	)		—		(17,549	)
Communications		(24,721	)		(11,894	)		—		(36,615	)
Consumer, Cyclical		(43,190	)		(25,038	)		—		(68,228	)
Consumer, Non-cyclical		(36,638	)		(27,437	)		—		(64,075	)
Diversified		—			(1,245	)		—		(1,245	)
Energy		(7,070	)		(2,421	)		—		(9,491	)
Financial		(27,115	)		(18,225	)		—		(45,340	)
Industrial		(21,043	)		(15,767	)		—		(36,810	)
Technology		(32,775	)		(4,418	)		—		(37,193	)
Utilities		(9,364	)		(4,863	)		—		(14,227	)
Convertible Bonds		—			(1,463	)		—		(1,463	)
Investment Companies		(803	)		—			—		(803	)
U.S. Government & Government Agency Obligations		—			(189,917	)		—		(189,917	)
Total Short Sales $		(208,642	)	$	(343,806	)	$	—	$	(552,448	)
Assets
Credit Contracts**
Credit Default Swaps	$	—		$	2,711		$	—	$	2,711
Exchange Cleared Credit Default Swaps		—			131			—		131
Commodity Contracts**
Synthetic Futures	$	—		$	198		$	—	$	198
Equity Contracts**
Futures	$	8,824		$	—		$	—	$	8,824
Synthetic Futures		—			238			—		238
Total Return Equity Basket Swaps		—			11,470			—		11,470
Total Return Swaps		—			84			—		84
Foreign Exchange Contracts**
Foreign Currency Contracts	$	—		$	15,443		$	—	$	15,443
Interest Rate Contracts**
Exchange Cleared Interest Rate Swaps	$	—		$	2,089		$	—	$	2,089
Futures		2,406			—			—		2,406
Interest Rate Swaps		—			969			—		969
Synthetic Futures		—			217			—		217
Total Return Swaps		—			401			—		401

					Level 2 - Other
		Level 1 - Quoted			Significant Observable			Level 3 - Significant
Fund		Prices			Inputs			Unobservable Inputs		Totals (Level 1,2,3)
Global Multi-Strategy Fund (Continued)
Liabilities
Credit Contracts**
Credit Default Swaps	$	—		$	(2,120	)	$	—	$	(2,120	)
Exchange Cleared Credit Default Swaps		—			(98	)		—		(98	)
Commodity Contracts**
Synthetic Futures	$	—		$	(265	)	$	—	$	(265	)
Equity Contracts**
Futures	$	(13,680	)	$	—		$	—	$	(13,680	)
Synthetic Futures		—			(451	)		—		(451	)
Total Return Equity Basket Swaps		—			(8,725	)		—		(8,725	)
Total Return Swaps		—			(136	)		—		(136	)
Written Options		(1,585	)		—			—		(1,585	)
Foreign Exchange Contracts**
Foreign Currency Contracts	$	—		$	(29,467	)	$	—	$	(29,467	)
Written Options		—			(1,690	)		—		(1,690	)
Interest Rate Contracts**
Exchange Cleared Interest Rate Swaps	$	—		$	(1,642	)	$	—	$	(1,642	)
Futures		(1,237	)		—			—		(1,237	)
Interest Rate Swaps		—			(362	)		—		(362	)
Interest Rate Swaptions		—			(16	)		—		(16	)
Synthetic Futures		—			(202	)		—		(202	)
Total Return Swaps		—			(8	)		—		(8	)
Written Options		(840	)		—			—		(840	)
Global Opportunities Fund
Common Stocks
Communications	$	83,734		$	—		$	—	$	83,734
Consumer, Cyclical		31,701			70,516			—		102,217
Consumer, Non-cyclical		124,752			59,311			—		184,063
Energy		29,712			17,012			—		46,724
Financial		150,638			107,747			—		258,385
Industrial		81,226			16,787			—		98,013
Technology		79,477			21,145			—		100,622
Utilities		20,919			31,753			—		52,672
Investment Companies*		16,812			—			—		16,812
Preferred Stocks
Diversified		—			4,223			—		4,223
Total investments in securities $		618,971		$	328,494		$	—	$	947,465
International Equity Index Fund
Common Stocks
Basic Materials	$	—		$	74,148		$	—	$	74,148
Communications		—			63,339			—		63,339
Consumer, Cyclical		459			135,361			—		135,820
Consumer, Non-cyclical		2,087			239,376			—		241,463
Diversified		—			6,434			—		6,434
Energy		—			54,863			—		54,863
Financial		—			258,234			—		258,234
Industrial		—			138,769			—		138,769
Technology		3,772			38,435			—		42,207
Utilities		—			36,341			—		36,341
Investment Companies*		18,587			—			—		18,587
Preferred Stocks
Basic Materials		—			261			—		261
Consumer, Cyclical		—			4,272			—		4,272
Consumer, Non-cyclical		—			1,727			—		1,727
Total investments in securities $		24,905		$	1,051,560		$	—	$	1,076,465
Assets
Equity Contracts**
Futures	$	140		$	—		$	—	$	140
International Small Company Fund
Common Stocks
Basic Materials	$	17,636		$	63,026		$	—	$	80,662
Communications		4,596			29,404			—		34,000
Consumer, Cyclical		18,646			159,970			—		178,616
Consumer, Non-cyclical		4,948			161,990			—		166,938
Diversified		—			11,118			—		11,118
Energy		18,314			22,322			—		40,636
Financial		12,101			200,189			—		212,290
Industrial		14,486			192,694			—		207,180
Technology		14,025			54,039			—		68,064
Utilities		—			14,543			—		14,543
Investment Companies*		17,553			—			—		17,553
Total investments in securities $		122,305		$	909,295		$	—	$	1,031,600

					Level 2 - Other
		Level 1 - Quoted			Significant Observable			Level 3 - Significant
Fund		Prices			Inputs			Unobservable Inputs		Totals (Level 1,2,3)
Multi-Manager Equity Long/Short Fund
Common Stocks
Basic Materials	$	10,743		$	6,561		$	—	$	17,304
Communications		21,467			7,060			—		28,527
Consumer, Cyclical		25,172			9,681			—		34,853
Consumer, Non-cyclical		51,163			7,004			—		58,167
Energy		10,697			2,080			—		12,777
Financial		23,223			14,100			—		37,323
Industrial		25,161			14,608			—		39,769
Technology		22,433			6,677			—		29,110
Utilities		3,189			2,000			—		5,189
Investment Companies*		85,133			—			—		85,133
Preferred Stocks
Consumer, Cyclical		—			2,146			—		2,146
U.S. Government & Government Agency Obligations*		—			11,938			—		11,938
	Total investments in securities $	278,381		$	83,855		$	—	$	362,236
Short Sales
Common Stocks
Basic Materials	$	(2,627	)	$	(1,696	)	$	—	$	(4,323	)
Communications		(4,362	)		(1,234	)		—		(5,596	)
Consumer, Cyclical		(9,216	)		(6,199	)		—		(15,415	)
Consumer, Non-cyclical		(19,784	)		(3,900	)		—		(23,684	)
Diversified		(37	)		(43	)		—		(80	)
Energy		(6,784	)		(340	)		—		(7,124	)
Financial		(13,512	)		(5,136	)		—		(18,648	)
Industrial		(5,541	)		(6,914	)		—		(12,455	)
Technology		(13,913	)		(1,296	)		—		(15,209	)
Utilities		(5,362	)		(1,707	)		—		(7,069	)
Investment Companies		(15,440	)		—			—		(15,440	)
	Total Short Sales $	(96,578	)	$	(28,465	)	$	—	$	(125,043	)
Assets
Equity Contracts**
Futures	$	2,497		$	—		$	—	$	2,497
Synthetic Futures		—			41			—		41
Total Return Equity Basket Swaps		—			6,077			—		6,077
Total Return Swaps		—			16			—		16
Foreign Exchange Contracts**
Foreign Currency Contracts	$	—		$	338		$	—	$	338
Liabilities
Equity Contracts**
Futures	$	(259	)	$	—		$	—	$	(259	)
Total Return Equity Basket Swaps		—			(29	)		—		(29	)
Total Return Swaps		—			(3	)		—		(3	)
Foreign Exchange Contracts**
Foreign Currency Contracts	$	—		$	(686	)	$	—	$	(686	)
Opportunistic Municipal Fund
Investment Companies*	$	113		$	—		$	—	$	113
Municipal Bonds*		—			124,019			—		124,019
	Total investments in securities $	113		$	124,019		$	—	$	124,132
Origin Emerging Markets Fund
Common Stocks
Basic Materials	$	2,461		$	54,743		$	—	$	57,204
Communications		59,332			70,514			—		129,846
Consumer, Cyclical		—			42,216			—		42,216
Consumer, Non-cyclical		13,951			52,263			—		66,214
Diversified		—			9,292			—		9,292
Energy		—			46,682			—		46,682
Financial		—			157,656			—		157,656
Industrial		4,544			94,293			—		98,837
Technology		39,553			59,305			—		98,858
Utilities		—			7,582			—		7,582
Investment Companies*		26,625			—			—		26,625
	Total investments in securities $	146,466		$	594,546		$	—	$	741,012
Assets
Equity Contracts**
Futures	$	238		$	—		$	—	$	238

					Level 2 - Other
		Level 1 - Quoted			Significant Observable		Level 3 - Significant
Fund		Prices			Inputs		Unobservable Inputs		Totals (Level 1,2,3)
Preferred Securities Fund
Bonds*	$	—		$	4,425,327	$	—	$	4,425,327
Convertible Preferred Stocks
Financial		81,911			—		—		81,911
Investment Companies*		101,273			—		—		101,273
Preferred Stocks
Communications		118,177			142,405		—		260,582
Consumer, Non-cyclical		—			27,548		—		27,548
Financial		671,501			155,113		—		826,614
Government		—			28,268		—		28,268
Industrial		40,005			—		—		40,005
Utilities		156,511			2,893		—		159,404
Purchased Options		4,287			—		—		4,287
	Total investments in securities $	1,173,665		$	4,781,554	$	—	$	5,955,219
Liabilities
Interest Rate Contracts**
Written Options	$	(3,859	)	$	—	$	—	$	(3,859	)
Real Estate Allocation Fund
Investment Companies*	$	1,547		$	—	$	—	$	1,547
	Total investments in securities $	1,547		$	—	$	—	$	1,547
Real Estate Debt Income Fund
Bonds*	$	—		$	179,560	$	—	$	179,560
Investment Companies*		4,440			—		—		4,440
	Total investments in securities $	4,440		$	179,560	$	—	$	184,000
Small-MidCap Dividend Income Fund
Common Stocks
Basic Materials	$	110,127		$	—	$	—	$	110,127
Communications		125,386			—		—		125,386
Consumer, Cyclical		412,591			—		—		412,591
Consumer, Non-cyclical		391,434			—		—		391,434
Energy		232,911			—		—		232,911
Financial		1,158,694			14,834		—		1,173,528
Government		48,970			—		—		48,970
Industrial		386,015			—		—		386,015
Technology		177,448			—		—		177,448
Utilities		209,831			—		—		209,831
Investment Companies*		65,502			—		—		65,502
	Total investments in securities $	3,318,909		$	14,834	$	—	$	3,333,743
SystematEx International Fund
Common Stocks
Basic Materials	$	—		$	6,992	$	—	$	6,992
Communications		—			4,134		—		4,134
Consumer, Cyclical		—			13,535		—		13,535
Consumer, Non-cyclical		7			16,588		—		16,595
Diversified		—			735		—		735
Energy		—			5,738		—		5,738
Financial		562			17,976		—		18,538
Industrial		—			8,036		—		8,036
Technology		11			3,268		—		3,279
Utilities		—			1,926		—		1,926
Investment Companies*		72			—		—		72
	Total investments in securities $	652		$	78,928	$	—	$	79,580
SystematEx Large Value Fund
Common Stocks*	$	10,172		$	—	$	—	$	10,172
Investment Companies*		11			—		—		11
	Total investments in securities $	10,183		$	—	$	—	$	10,183

* For additional detail regarding sector classifications, please see the Schedules of Investments.

** Exchange Cleared Swaps, Futures, and Foreign Currency Contracts are valued at the unrealized appreciation/(depreciation) of the instrument. .

The Funds' Schedules of Investments as of November 30, 2017 have not been audited. This report is provided for the general information of the Funds' shareholders. For more information regarding the Fund and its holdings, please see the Funds' prospectus and annual report.

ITEM 2 – CONTROLS AND PROCEDURES

a) The registrant's principal executive officer and principal financial officer have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended) are effective (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing).

(b) There have been no changes in the registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR 270.30a-3(d)) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

ITEM 3 – EXHIBITS

Certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 and Rule 30a-2(a) under the Investment Company Act are attached hereto as Exhibit 99.CERT.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)

Principal Funds, Inc.

By /s/ Michael J. Beer

Michael J. Beer, President and CEO

Date 01/17/2018

     Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By /s/ Michael J. Beer

Michael J. Beer, President and CEO

Date 01/17/2018

By /s/ Tracy W. Bollin

Tracy W. Bollin, Chief Financial Officer

Date 01/17/2018