NPORT-EX 2 primary-document.htm
Schedule
of
Investments
Blue
Chip
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
1
INVESTMENT
COMPANIES
-
0
.44
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
0
.44
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
5.21%
(a),(b)
1,811,233‌
$
1,811‌
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
(a),(c)
46,558,922‌
46,559‌
$
48,370‌
TOTAL
INVESTMENT
COMPANIES
$
48,370‌
COMMON
STOCKS
-
99
.60
%
Shares
Held
Value
(000's)
Aerospace
&
Defense
-
6
.87
%
HEICO
Corp
-
Class
A
1,080,307‌
$
189,767‌
TransDigm
Group
Inc
419,385‌
563,330‌
$
753,097‌
Chemicals
-
2
.28
%
Linde
PLC
397,266‌
173,017‌
Sherwin-Williams
Co/The
251,805‌
76,499‌
$
249,516‌
Commercial
Services
-
4
.27
%
CoStar
Group
Inc
(d)
3,039,107‌
237,567‌
Gartner
Inc
(d)
150,852‌
63,308‌
Moody's
Corp
419,079‌
166,370‌
$
467,245‌
Distribution
&
Wholesale
-
2
.35
%
Copart
Inc
(d)
4,852,560‌
257,477‌
Diversified
Financial
Services
-
12
.19
%
Brookfield
Asset
Management
Ltd
1,984,090‌
77,856‌
Brookfield
Reinsurance
Ltd
(d),(e)
61,469‌
2,671‌
Charles
Schwab
Corp/The
3,331,403‌
244,125‌
Mastercard
Inc
1,165,356‌
520,996‌
Visa
Inc
1,796,271‌
489,412‌
$
1,335,060‌
Healthcare
-
Products
-
5
.70
%
Danaher
Corp
1,436,416‌
368,872‌
IDEXX
Laboratories
Inc
(d)
137,421‌
68,291‌
Intuitive
Surgical
Inc
(d)
89,995‌
36,189‌
Thermo
Fisher
Scientific
Inc
264,966‌
150,495‌
$
623,847‌
Insurance
-
4
.10
%
Progressive
Corp/The
2,126,347‌
449,042‌
Internet
-
19
.36
%
Alphabet
Inc
-
A
Shares
888,621‌
153,287‌
Alphabet
Inc
-
C
Shares
3,714,717‌
646,212‌
Amazon.com
Inc
(d)
5,159,894‌
910,412‌
Netflix
Inc
(d)
640,035‌
410,659‌
$
2,120,570‌
Lodging
-
2
.67
%
Hilton
Worldwide
Holdings
Inc
1,459,566‌
292,789‌
Pharmaceuticals
-
1
.52
%
Zoetis
Inc
980,394‌
166,236‌
Private
Equity
-
7
.41
%
Brookfield
Corp
12,550,698‌
545,830‌
KKR
&
Co
Inc
2,584,020‌
265,740‌
$
811,570‌
REITs
-
2
.75
%
American
Tower
Corp
1,540,978‌
301,631‌
Retail
-
3
.66
%
CarMax
Inc
(d)
706,216‌
49,619‌
Costco
Wholesale
Corp
153,626‌
124,420‌
O'Reilly
Automotive
Inc
(d)
235,288‌
226,643‌
$
400,682‌
Semiconductors
-
1
.52
%
NVIDIA
Corp
152,391‌
167,071‌
Software
-
22
.92
%
Adobe
Inc
(d)
751,187‌
334,098‌
Cadence
Design
Systems
Inc
(d)
276,858‌
79,267‌
Constellation
Software
Inc/Canada
19,814‌
55,057‌
Intuit
Inc
699,782‌
403,383‌
Microsoft
Corp
3,150,575‌
1,307,898‌
MSCI
Inc
123,727‌
61,267‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Software
(continued)
Roper
Technologies
Inc
505,592‌
$
269,359‌
$
2,510,329‌
Transportation
-
0
.03
%
Union
Pacific
Corp
15,873‌
3,696‌
TOTAL
COMMON
STOCKS
$
10,909,858‌
Total
Investments
$
10,958,228‌
Other
Assets
and
Liabilities
-  (0.04)%
(
4,442‌
)
TOTAL
NET
ASSETS
-
100.00%
$
10,953,786‌
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$1,811
or
0.02%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
Security
or
a
portion
of
the
security
was
on
loan.  At
the
end
of
the
period,
the
value
of
these
securities
totaled
$1,799
or
0.02%
of
net
assets.
Portfolio
Summary
Sector
Percent
Financial
26
.45‌
%
Technology
24
.44‌
%
Communications
19
.36‌
%
Consumer,
Non-cyclical
11
.49‌
%
Consumer,
Cyclical
8
.68‌
%
Industrial
6
.90‌
%
Basic
Materials
2
.28‌
%
Money
Market
Funds
0
.44‌
%
Other
Assets
and
Liabilities
(
0
.04‌
)
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
Blue
Chip
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
2
Affiliated
Securities
August
31,
2023
Purchases
Sales
May
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
$
2‌
$
788,865‌
$
742,308‌
$
46,559‌
$
2‌
$
788,865‌
$
742,308‌
$
46,559‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
$
507‌
$
—‌
$
—‌
$
—‌
$
507‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
3
INVESTMENT
COMPANIES
-
4
.75
%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0
.69
%
iShares
iBoxx
$
Investment
Grade
Corporate
Bond
ETF
(a)
130,000‌
$
13,896‌
Money
Market
Funds
-
4
.06
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
5.21%
(b),(c)
8,278,736‌
8,279‌
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
(b),(c),(d)
73,933,300‌
73,933‌
$
82,212‌
TOTAL
INVESTMENT
COMPANIES
$
96,108‌
BONDS
-
28
.08
%
Principal
Amount
(000's)
Value
(000's)
Advertising
-
0
.01
%
Interpublic
Group
of
Cos
Inc/The
2.40%,
03/01/2031
$
60‌
$
50‌
Omnicom
Group
Inc
2.45%,
04/30/2030
155‌
133‌
2.60%,
08/01/2031
35‌
29‌
$
212‌
Aerospace
&
Defense
-
0
.55
%
Boeing
Co/The
2.70%,
02/01/2027
110‌
101‌
2.75%,
02/01/2026
785‌
743‌
2.95%,
02/01/2030
140‌
119‌
3.25%,
02/01/2028
685‌
624‌
3.50%,
03/01/2039
200‌
142‌
3.63%,
02/01/2031
85‌
74‌
3.95%,
08/01/2059
290‌
182‌
5.04%,
05/01/2027
315‌
308‌
5.15%,
05/01/2030
475‌
453‌
5.71%,
05/01/2040
120‌
110‌
5.81%,
05/01/2050
505‌
452‌
5.88%,
02/15/2040
100‌
93‌
5.93%,
05/01/2060
350‌
309‌
6.26%,
05/01/2027
(e)
110‌
111‌
6.30%,
05/01/2029
(e)
255‌
257‌
6.53%,
05/01/2034
(e)
50‌
51‌
6.86%,
05/01/2054
(e)
200‌
203‌
General
Dynamics
Corp
1.15%,
06/01/2026
200‌
185‌
2.25%,
06/01/2031
280‌
235‌
4.25%,
04/01/2040
155‌
136‌
L3Harris
Technologies
Inc
5.05%,
06/01/2029
125‌
124‌
5.40%,
01/15/2027
160‌
161‌
5.40%,
07/31/2033
160‌
159‌
5.60%,
07/31/2053
55‌
55‌
Lockheed
Martin
Corp
3.90%,
06/15/2032
75‌
69‌
4.07%,
12/15/2042
105‌
88‌
4.09%,
09/15/2052
162‌
130‌
4.15%,
06/15/2053
310‌
250‌
4.50%,
02/15/2029
135‌
132‌
4.70%,
05/15/2046
75‌
68‌
4.75%,
02/15/2034
160‌
155‌
5.10%,
11/15/2027
155‌
156‌
5.20%,
02/15/2064
135‌
127‌
5.25%,
01/15/2033
155‌
157‌
5.70%,
11/15/2054
155‌
159‌
Northrop
Grumman
Corp
3.20%,
02/01/2027
130‌
124‌
4.70%,
03/15/2033
160‌
154‌
4.90%,
06/01/2034
135‌
130‌
4.95%,
03/15/2053
120‌
109‌
5.25%,
05/01/2050
600‌
571‌
RTX
Corp
1.90%,
09/01/2031
155‌
123‌
2.38%,
03/15/2032
60‌
49‌
2.82%,
09/01/2051
150‌
92‌
3.03%,
03/15/2052
60‌
38‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Aerospace
&
Defense
(continued)
RTX
Corp  
(continued)
4.05%,
05/04/2047
$
610‌
$
480‌
4.13%,
11/16/2028
270‌
259‌
4.70%,
12/15/2041
350‌
311‌
5.00%,
02/27/2026
410‌
408‌
5.15%,
02/27/2033
410‌
403‌
5.38%,
02/27/2053
305‌
290‌
5.75%,
11/08/2026
145‌
146‌
5.75%,
01/15/2029
145‌
149‌
6.10%,
03/15/2034
180‌
188‌
6.40%,
03/15/2054
180‌
196‌
$
11,098‌
Agriculture
-
0
.41
%
Altria
Group
Inc
2.45%,
02/04/2032
60‌
48‌
3.40%,
05/06/2030
530‌
477‌
3.70%,
02/04/2051
60‌
40‌
3.88%,
09/16/2046
410‌
297‌
4.00%,
02/04/2061
60‌
42‌
5.38%,
01/31/2044
375‌
356‌
5.80%,
02/14/2039
350‌
347‌
Archer-Daniels-Midland
Co
2.70%,
09/15/2051
60‌
37‌
2.90%,
03/01/2032
130‌
110‌
4.50%,
08/15/2033
290‌
274‌
BAT
Capital
Corp
2.26%,
03/25/2028
150‌
134‌
2.73%,
03/25/2031
150‌
126‌
3.46%,
09/06/2029
210‌
191‌
3.98%,
09/25/2050
390‌
276‌
4.39%,
08/15/2037
540‌
456‌
4.54%,
08/15/2047
400‌
311‌
5.83%,
02/20/2031
100‌
101‌
6.42%,
08/02/2033
155‌
162‌
7.08%,
08/02/2043
155‌
166‌
7.08%,
08/02/2053
80‌
86‌
BAT
International
Finance
PLC
1.67%,
03/25/2026
150‌
140‌
5.93%,
02/02/2029
310‌
317‌
Bunge
Ltd
Finance
Corp
2.75%,
05/14/2031
60‌
51‌
Philip
Morris
International
Inc
0.88%,
05/01/2026
85‌
78‌
1.75%,
11/01/2030
85‌
69‌
4.13%,
03/04/2043
300‌
242‌
4.88%,
02/13/2026
400‌
397‌
4.88%,
02/15/2028
160‌
158‌
4.88%,
02/13/2029
130‌
128‌
5.13%,
11/17/2027
580‌
579‌
5.25%,
02/13/2034
130‌
127‌
5.38%,
02/15/2033
160‌
159‌
5.50%,
09/07/2030
315‌
318‌
5.63%,
11/17/2029
580‌
591‌
5.75%,
11/17/2032
290‌
296‌
Reynolds
American
Inc
4.45%,
06/12/2025
137‌
135‌
5.70%,
08/15/2035
50‌
49‌
5.85%,
08/15/2045
375‌
349‌
$
8,220‌
Airlines
-
0
.02
%
American
Airlines
2019-1
Class
AA
Pass
Through
Trust
3.15%,
08/15/2033
110‌
97‌
Delta
Air
Lines
2020-1
Class
AA
Pass
Through
Trust
2.00%,
06/10/2028
245‌
222‌
Southwest
Airlines
Co
3.00%,
11/15/2026
(a)
80‌
76‌
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
4
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Airlines
(continued)
United
Airlines
2019-2
Class
AA
Pass
Through
Trust
2.70%,
11/01/2033
$
57‌
$
48‌
$
443‌
Apparel
-
0
.01
%
NIKE
Inc
3.25%,
03/27/2040
155‌
121‌
Automobile
Manufacturers
-
0
.52
%
American
Honda
Finance
Corp
1.20%,
07/08/2025
160‌
153‌
1.30%,
09/09/2026
60‌
55‌
2.25%,
01/12/2029
65‌
57‌
4.60%,
04/17/2030
(a)
160‌
156‌
4.70%,
01/12/2028
160‌
158‌
4.90%,
01/10/2034
135‌
131‌
5.65%,
11/15/2028
140‌
143‌
5.80%,
10/03/2025
360‌
362‌
5.85%,
10/04/2030
360‌
373‌
Ford
Motor
Co
6.10%,
08/19/2032
215‌
214‌
Ford
Motor
Credit
Co
LLC
2.70%,
08/10/2026
215‌
201‌
5.13%,
06/16/2025
215‌
213‌
5.80%,
03/05/2027
265‌
265‌
5.80%,
03/08/2029
250‌
248‌
5.85%,
05/17/2027
255‌
255‌
6.05%,
03/05/2031
265‌
264‌
6.80%,
11/07/2028
290‌
299‌
7.12%,
11/07/2033
290‌
306‌
7.35%,
11/04/2027
215‌
224‌
General
Motors
Co
5.15%,
04/01/2038
160‌
147‌
5.20%,
04/01/2045
85‌
75‌
5.40%,
04/01/2048
65‌
58‌
5.95%,
04/01/2049
(a)
230‌
221‌
6.25%,
10/02/2043
305‌
304‌
General
Motors
Financial
Co
Inc
1.25%,
01/08/2026
655‌
612‌
1.50%,
06/10/2026
60‌
55‌
2.35%,
02/26/2027
240‌
221‌
2.35%,
01/08/2031
55‌
45‌
2.40%,
04/10/2028
60‌
54‌
2.40%,
10/15/2028
155‌
136‌
2.70%,
06/10/2031
60‌
49‌
4.00%,
10/06/2026
75‌
72‌
4.35%,
01/17/2027
310‌
302‌
5.25%,
03/01/2026
200‌
199‌
5.40%,
05/08/2027
130‌
130‌
5.55%,
07/15/2029
250‌
249‌
5.80%,
01/07/2029
270‌
272‌
6.00%,
01/09/2028
160‌
163‌
6.40%,
01/09/2033
160‌
166‌
Honda
Motor
Co
Ltd
2.53%,
03/10/2027
135‌
126‌
PACCAR
Financial
Corp
3.55%,
08/11/2025
65‌
64‌
4.60%,
01/31/2029
135‌
133‌
5.00%,
05/13/2027
130‌
130‌
Toyota
Motor
Corp
1.34%,
03/25/2026
(a)
115‌
108‌
5.12%,
07/13/2028
160‌
161‌
Toyota
Motor
Credit
Corp
0.80%,
10/16/2025
555‌
523‌
1.15%,
08/13/2027
160‌
142‌
1.65%,
01/10/2031
55‌
44‌
1.90%,
01/13/2027
65‌
60‌
3.65%,
08/18/2025
355‌
348‌
4.45%,
06/29/2029
205‌
200‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Automobile
Manufacturers
(continued)
Toyota
Motor
Credit
Corp  
(continued)
4.55%,
05/17/2030
$
320‌
$
312‌
4.80%,
01/05/2034
180‌
174‌
5.00%,
03/19/2027
(a)
155‌
155‌
5.10%,
03/21/2031
125‌
125‌
5.40%,
11/20/2026
205‌
206‌
$
10,618‌
Automobile
Parts
&
Equipment
-
0
.02
%
Aptiv
PLC
/
Aptiv
Corp
3.25%,
03/01/2032
160‌
138‌
BorgWarner
Inc
4.38%,
03/15/2045
300‌
242‌
$
380‌
Banks
-
5
.88
%
Banco
Santander
SA
1.85%,
03/25/2026
400‌
374‌
3.49%,
05/28/2030
200‌
178‌
4.18%,
03/24/2028
(f)
600‌
576‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.00%
5.29%,
08/18/2027
200‌
198‌
5.59%,
08/08/2028
200‌
201‌
6.94%,
11/07/2033
200‌
218‌
Bank
of
America
Corp
1.32%,
06/19/2026
(f)
310‌
296‌
Secured
Overnight
Financing
Rate
+
1.15%
1.66%,
03/11/2027
(f)
210‌
196‌
Secured
Overnight
Financing
Rate
+
0.91%
1.73%,
07/22/2027
(f)
115‌
106‌
Secured
Overnight
Financing
Rate
+
0.96%
1.90%,
07/23/2031
(f)
445‌
363‌
Secured
Overnight
Financing
Rate
+
1.53%
1.92%,
10/24/2031
(f)
205‌
166‌
Secured
Overnight
Financing
Rate
+
1.37%
2.09%,
06/14/2029
(f)
60‌
53‌
Secured
Overnight
Financing
Rate
+
1.06%
2.30%,
07/21/2032
(f)
115‌
94‌
Secured
Overnight
Financing
Rate
+
1.22%
2.48%,
09/21/2036
(f)
630‌
504‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.20%
2.50%,
02/13/2031
(f)
225‌
193‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.25%
2.55%,
02/04/2028
(f)
255‌
237‌
Secured
Overnight
Financing
Rate
+
1.05%
2.57%,
10/20/2032
(f)
260‌
214‌
Secured
Overnight
Financing
Rate
+
1.21%
2.65%,
03/11/2032
(f)
175‌
147‌
Secured
Overnight
Financing
Rate
+
1.22%
2.68%,
06/19/2041
(f)
465‌
324‌
Secured
Overnight
Financing
Rate
+
1.93%
2.83%,
10/24/2051
(f)
75‌
47‌
Secured
Overnight
Financing
Rate
+
1.88%
2.97%,
02/04/2033
(f)
530‌
447‌
Secured
Overnight
Financing
Rate
+
1.33%
2.97%,
07/21/2052
(f)
115‌
75‌
Secured
Overnight
Financing
Rate
+
1.56%
3.25%,
10/21/2027
350‌
330‌
3.31%,
04/22/2042
(f)
715‌
542‌
Secured
Overnight
Financing
Rate
+
1.58%
3.42%,
12/20/2028
(f)
500‌
468‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.30%
3.59%,
07/21/2028
(f)
600‌
569‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.63%
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
5
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Bank
of
America
Corp  
(continued)
3.85%,
03/08/2037
(f)
$
550‌
$
483‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.00%
3.97%,
03/05/2029
(f)
75‌
71‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.33%
3.97%,
02/07/2030
(f)
600‌
565‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.47%
4.08%,
03/20/2051
(f)
315‌
252‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.41%
4.33%,
03/15/2050
(f)
255‌
213‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.78%
4.38%,
04/27/2028
(f)
175‌
170‌
Secured
Overnight
Financing
Rate
+
1.58%
4.57%,
04/27/2033
(f)
115‌
108‌
Secured
Overnight
Financing
Rate
+
1.83%
4.83%,
07/22/2026
(f)
885‌
876‌
Secured
Overnight
Financing
Rate
+
1.75%
5.00%,
01/21/2044
75‌
71‌
5.02%,
07/22/2033
(f)
585‌
570‌
Secured
Overnight
Financing
Rate
+
2.16%
5.20%,
04/25/2029
(f)
250‌
249‌
Secured
Overnight
Financing
Rate
+
1.63%
5.29%,
04/25/2034
(f)
515‌
507‌
Secured
Overnight
Financing
Rate
+
1.91%
5.47%,
01/23/2035
(f)
400‌
397‌
Secured
Overnight
Financing
Rate
+
1.65%
5.82%,
09/15/2029
(f)
315‌
320‌
Secured
Overnight
Financing
Rate
+
1.57%
5.87%,
09/15/2034
(f)
315‌
322‌
Secured
Overnight
Financing
Rate
+
1.84%
5.88%,
02/07/2042
60‌
63‌
5.93%,
09/15/2027
(f)
315‌
318‌
Secured
Overnight
Financing
Rate
+
1.34%
6.11%,
01/29/2037
100‌
104‌
7.75%,
05/14/2038
500‌
596‌
Bank
of
America
NA
5.53%,
08/18/2026
265‌
267‌
5.65%,
08/18/2025
275‌
276‌
Bank
of
Montreal
0.95%,
01/22/2027
(f)
55‌
51‌
Secured
Overnight
Financing
Rate
+
0.60%
3.09%,
01/10/2037
(f)
125‌
101‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.40%
3.70%,
06/07/2025
70‌
69‌
4.70%,
09/14/2027
435‌
428‌
5.30%,
06/05/2026
160‌
160‌
5.37%,
06/04/2027
(g)
195‌
195‌
5.72%,
09/25/2028
315‌
321‌
Bank
of
New
York
Mellon
Corp/The
2.05%,
01/26/2027
65‌
60‌
2.50%,
01/26/2032
65‌
54‌
3.99%,
06/13/2028
(f)
70‌
68‌
Secured
Overnight
Financing
Rate
+
1.15%
4.41%,
07/24/2026
(f)
665‌
657‌
Secured
Overnight
Financing
Rate
+
1.35%
4.54%,
02/01/2029
(f)
370‌
362‌
Secured
Overnight
Financing
Rate
+
1.17%
4.95%,
04/26/2027
(f)
270‌
268‌
Secured
Overnight
Financing
Rate
+
1.03%
4.97%,
04/26/2034
(f)
170‌
165‌
Secured
Overnight
Financing
Rate
+
1.61%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Bank
of
New
York
Mellon
Corp/The  
(continued)
5.19%,
03/14/2035
(f)
$
160‌
$
157‌
Secured
Overnight
Financing
Rate
+
1.42%
5.83%,
10/25/2033
(f)
155‌
160‌
Secured
Overnight
Financing
Rate
+
2.07%
6.32%,
10/25/2029
(f)
315‌
328‌
Secured
Overnight
Financing
Rate
+
1.60%
Bank
of
Nova
Scotia/The
1.05%,
03/02/2026
60‌
56‌
1.30%,
06/11/2025
155‌
148‌
1.30%,
09/15/2026
260‌
238‌
2.15%,
08/01/2031
60‌
49‌
4.50%,
12/16/2025
60‌
59‌
4.85%,
02/01/2030
615‌
603‌
5.35%,
12/07/2026
135‌
135‌
5.40%,
06/04/2027
(g)
255‌
255‌
Barclays
PLC
2.65%,
06/24/2031
(f)
385‌
325‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.90%
3.56%,
09/23/2035
(f)
200‌
172‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.90%
3.81%,
03/10/2042
(a),(f)
200‌
154‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.70%
4.38%,
01/12/2026
380‌
372‌
4.97%,
05/16/2029
(f)
750‌
733‌
3
Month
USD
LIBOR
+
1.90%
5.50%,
08/09/2028
(f)
300‌
299‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.65%
5.67%,
03/12/2028
(f)
250‌
250‌
Secured
Overnight
Financing
Rate
+
1.49%
5.69%,
03/12/2030
(f)
250‌
250‌
Secured
Overnight
Financing
Rate
+
1.74%
6.22%,
05/09/2034
(f)
320‌
328‌
Secured
Overnight
Financing
Rate
+
2.98%
6.50%,
09/13/2027
(f)
235‌
239‌
Secured
Overnight
Financing
Rate
+
1.88%
6.69%,
09/13/2034
(f)
315‌
334‌
Secured
Overnight
Financing
Rate
+
2.62%
7.33%,
11/02/2026
(f)
310‌
316‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
3.05%
7.44%,
11/02/2033
(f)
310‌
341‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
3.50%
Canadian
Imperial
Bank
of
Commerce
1.25%,
06/22/2026
60‌
55‌
5.00%,
04/28/2028
350‌
347‌
5.93%,
10/02/2026
160‌
162‌
5.99%,
10/03/2028
160‌
164‌
Citibank
NA
5.80%,
09/29/2028
275‌
282‌
5.86%,
09/29/2025
275‌
277‌
Citigroup
Inc
1.12%,
01/28/2027
(f)
60‌
56‌
Secured
Overnight
Financing
Rate
+
0.77%
1.46%,
06/09/2027
(f)
455‌
420‌
Secured
Overnight
Financing
Rate
+
0.77%
2.52%,
11/03/2032
(f)
155‌
127‌
Secured
Overnight
Financing
Rate
+
1.18%
2.56%,
05/01/2032
(f)
200‌
166‌
Secured
Overnight
Financing
Rate
+
1.17%
2.57%,
06/03/2031
(f)
310‌
264‌
Secured
Overnight
Financing
Rate
+
2.11%
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
6
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Citigroup
Inc  
(continued)
2.90%,
11/03/2042
(f)
$
60‌
$
42‌
Secured
Overnight
Financing
Rate
+
1.38%
2.98%,
11/05/2030
(f)
150‌
133‌
Secured
Overnight
Financing
Rate
+
1.42%
3.06%,
01/25/2033
(f)
500‌
422‌
Secured
Overnight
Financing
Rate
+
1.35%
3.52%,
10/27/2028
(f)
125‌
118‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.41%
3.70%,
01/12/2026
110‌
107‌
3.79%,
03/17/2033
(f)
520‌
462‌
Secured
Overnight
Financing
Rate
+
1.94%
3.88%,
01/24/2039
(f)
220‌
184‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.43%
4.13%,
07/25/2028
620‌
593‌
4.28%,
04/24/2048
(f)
100‌
83‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.10%
4.30%,
11/20/2026
75‌
73‌
4.40%,
06/10/2025
300‌
296‌
4.45%,
09/29/2027
875‌
852‌
4.65%,
07/30/2045
115‌
102‌
4.66%,
05/24/2028
(f)
835‌
820‌
Secured
Overnight
Financing
Rate
+
1.89%
4.91%,
05/24/2033
(f)
165‌
158‌
Secured
Overnight
Financing
Rate
+
2.09%
5.17%,
02/13/2030
(f)
265‌
262‌
Secured
Overnight
Financing
Rate
+
1.36%
5.61%,
09/29/2026
(f)
625‌
625‌
Secured
Overnight
Financing
Rate
+
1.55%
5.83%,
02/13/2035
(f)
500‌
495‌
Secured
Overnight
Financing
Rate
+
2.06%
6.17%,
05/25/2034
(f)
320‌
325‌
Secured
Overnight
Financing
Rate
+
2.66%
6.27%,
11/17/2033
(f)
310‌
325‌
Secured
Overnight
Financing
Rate
+
2.34%
6.68%,
09/13/2043
360‌
393‌
Cooperatieve
Rabobank
UA
5.25%,
05/24/2041
185‌
184‌
Cooperatieve
Rabobank
UA/NY
4.80%,
01/09/2029
265‌
261‌
5.50%,
07/18/2025
315‌
315‌
Deutsche
Bank
AG/New
York
NY
2.13%,
11/24/2026
(f)
600‌
568‌
Secured
Overnight
Financing
Rate
+
1.87%
4.10%,
01/13/2026
250‌
244‌
5.37%,
09/09/2027
255‌
256‌
6.72%,
01/18/2029
(f)
320‌
330‌
Secured
Overnight
Financing
Rate
+
3.18%
7.08%,
02/10/2034
(f)
320‌
329‌
Secured
Overnight
Financing
Rate
+
3.65%
Fifth
Third
Bancorp
4.06%,
04/25/2028
(f)
275‌
262‌
Secured
Overnight
Financing
Rate
+
1.36%
5.63%,
01/29/2032
(f)
135‌
134‌
Secured
Overnight
Financing
Rate
+
1.84%
6.34%,
07/27/2029
(f)
235‌
241‌
Secured
Overnight
Financing
Rate
+
2.34%
Goldman
Sachs
Group
Inc/The
1.09%,
12/09/2026
(f)
395‌
369‌
Secured
Overnight
Financing
Rate
+
0.79%
1.43%,
03/09/2027
(f)
285‌
265‌
Secured
Overnight
Financing
Rate
+
0.80%
1.54%,
09/10/2027
(f)
60‌
55‌
Secured
Overnight
Financing
Rate
+
0.82%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Goldman
Sachs
Group
Inc/The  
(continued)
1.95%,
10/21/2027
(f)
$
235‌
$
216‌
Secured
Overnight
Financing
Rate
+
0.91%
1.99%,
01/27/2032
(f)
355‌
287‌
Secured
Overnight
Financing
Rate
+
1.09%
2.60%,
02/07/2030
590‌
514‌
2.62%,
04/22/2032
(f)
115‌
96‌
Secured
Overnight
Financing
Rate
+
1.28%
2.64%,
02/24/2028
(f)
185‌
172‌
Secured
Overnight
Financing
Rate
+
1.11%
2.65%,
10/21/2032
(f)
425‌
352‌
Secured
Overnight
Financing
Rate
+
1.26%
2.91%,
07/21/2042
(f)
115‌
81‌
Secured
Overnight
Financing
Rate
+
1.47%
3.10%,
02/24/2033
(f)
210‌
178‌
Secured
Overnight
Financing
Rate
+
1.41%
3.21%,
04/22/2042
(f)
60‌
44‌
Secured
Overnight
Financing
Rate
+
1.51%
3.44%,
02/24/2043
(f)
200‌
152‌
Secured
Overnight
Financing
Rate
+
1.63%
3.69%,
06/05/2028
(f)
290‌
276‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.77%
3.75%,
02/25/2026
75‌
73‌
3.81%,
04/23/2029
(f)
75‌
71‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.42%
3.85%,
01/26/2027
510‌
492‌
4.22%,
05/01/2029
(f)
500‌
479‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.56%
4.41%,
04/23/2039
(f)
175‌
155‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.69%
4.48%,
08/23/2028
(f)
445‌
434‌
Secured
Overnight
Financing
Rate
+
1.73%
5.15%,
05/22/2045
450‌
426‌
5.73%,
04/25/2030
(f)
220‌
223‌
Secured
Overnight
Financing
Rate
+
1.27%
5.85%,
04/25/2035
(f)
150‌
153‌
Secured
Overnight
Financing
Rate
+
1.55%
6.25%,
02/01/2041
220‌
236‌
6.48%,
10/24/2029
(f)
315‌
328‌
Secured
Overnight
Financing
Rate
+
1.77%
6.56%,
10/24/2034
(f)
160‌
172‌
Secured
Overnight
Financing
Rate
+
1.95%
6.75%,
10/01/2037
785‌
852‌
HSBC
Holdings
PLC
2.01%,
09/22/2028
(f)
300‌
268‌
Secured
Overnight
Financing
Rate
+
1.73%
2.10%,
06/04/2026
(f)
310‌
299‌
Secured
Overnight
Financing
Rate
+
1.93%
2.36%,
08/18/2031
(f)
200‌
166‌
Secured
Overnight
Financing
Rate
+
1.95%
2.80%,
05/24/2032
(f)
600‌
503‌
Secured
Overnight
Financing
Rate
+
1.19%
2.85%,
06/04/2031
(f)
200‌
172‌
Secured
Overnight
Financing
Rate
+
2.39%
3.97%,
05/22/2030
(f)
300‌
279‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.87%
4.58%,
06/19/2029
(f)
300‌
290‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.80%
4.76%,
06/09/2028
(f)
250‌
245‌
Secured
Overnight
Financing
Rate
+
2.11%
5.55%,
03/04/2030
(f)
250‌
250‌
Secured
Overnight
Financing
Rate
+
1.46%
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
7
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
HSBC
Holdings
PLC  
(continued)
5.72%,
03/04/2035
(f)
$
250‌
$
251‌
Secured
Overnight
Financing
Rate
+
1.78%
5.73%,
05/17/2032
(f)
255‌
256‌
Secured
Overnight
Financing
Rate
+
1.52%
5.89%,
08/14/2027
(f)
370‌
372‌
Secured
Overnight
Financing
Rate
+
1.57%
6.16%,
03/09/2029
(f)
200‌
204‌
Secured
Overnight
Financing
Rate
+
1.97%
6.25%,
03/09/2034
(f)
570‌
594‌
Secured
Overnight
Financing
Rate
+
2.39%
6.33%,
03/09/2044
(f)
595‌
629‌
Secured
Overnight
Financing
Rate
+
2.65%
6.50%,
09/15/2037
100‌
105‌
6.55%,
06/20/2034
(f)
320‌
331‌
Secured
Overnight
Financing
Rate
+
2.98%
7.39%,
11/03/2028
(f)
310‌
327‌
Secured
Overnight
Financing
Rate
+
3.35%
Huntington
National
Bank/The
5.65%,
01/10/2030
310‌
310‌
ING
Groep
NV
1.73%,
04/01/2027
(f)
700‌
653‌
Secured
Overnight
Financing
Rate
+
1.01%
5.34%,
03/19/2030
(f)
250‌
248‌
Secured
Overnight
Financing
Rate
+
1.44%
6.11%,
09/11/2034
(f)
235‌
242‌
Secured
Overnight
Financing
Rate
+
2.09%
JPMorgan
Chase
&
Co
1.04%,
02/04/2027
(f)
115‌
107‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.70%
1.05%,
11/19/2026
(f)
135‌
126‌
Secured
Overnight
Financing
Rate
+
0.80%
1.47%,
09/22/2027
(f)
245‌
224‌
Secured
Overnight
Financing
Rate
+
0.77%
1.58%,
04/22/2027
(f)
115‌
107‌
Secured
Overnight
Financing
Rate
+
0.89%
1.76%,
11/19/2031
(f)
135‌
109‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.11%
1.95%,
02/04/2032
(f)
115‌
93‌
Secured
Overnight
Financing
Rate
+
1.07%
2.07%,
06/01/2029
(f)
190‌
168‌
Secured
Overnight
Financing
Rate
+
1.02%
2.18%,
06/01/2028
(f)
70‌
64‌
Secured
Overnight
Financing
Rate
+
1.89%
2.53%,
11/19/2041
(f)
65‌
44‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.51%
2.55%,
11/08/2032
(f)
420‌
347‌
Secured
Overnight
Financing
Rate
+
1.18%
2.58%,
04/22/2032
(f)
465‌
390‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.25%
2.96%,
05/13/2031
(f)
575‌
500‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.52%
3.11%,
04/22/2041
(f)
235‌
176‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.46%
3.11%,
04/22/2051
(f)
235‌
160‌
Secured
Overnight
Financing
Rate
+
2.44%
3.33%,
04/22/2052
(f)
115‌
81‌
Secured
Overnight
Financing
Rate
+
1.58%
3.51%,
01/23/2029
(f)
590‌
555‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.21%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
JPMorgan
Chase
&
Co  
(continued)
3.88%,
07/24/2038
(f)
$
100‌
$
86‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.62%
3.90%,
07/15/2025
400‌
393‌
3.96%,
11/15/2048
(f)
825‌
660‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.64%
4.01%,
04/23/2029
(f)
200‌
191‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.38%
4.20%,
07/23/2029
(f)
230‌
220‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.52%
4.32%,
04/26/2028
(f)
550‌
535‌
Secured
Overnight
Financing
Rate
+
1.56%
4.57%,
06/14/2030
(f)
305‌
295‌
Secured
Overnight
Financing
Rate
+
1.75%
4.59%,
04/26/2033
(f)
135‌
128‌
Secured
Overnight
Financing
Rate
+
1.80%
4.85%,
07/25/2028
(f)
65‌
64‌
Secured
Overnight
Financing
Rate
+
1.99%
4.91%,
07/25/2033
(f)
435‌
422‌
Secured
Overnight
Financing
Rate
+
2.08%
4.95%,
06/01/2045
430‌
402‌
5.01%,
01/23/2030
(f)
320‌
316‌
Secured
Overnight
Financing
Rate
+
1.31%
5.04%,
01/23/2028
(f)
305‌
302‌
Secured
Overnight
Financing
Rate
+
1.19%
5.30%,
07/24/2029
(f)
315‌
315‌
Secured
Overnight
Financing
Rate
+
1.45%
5.34%,
01/23/2035
(f)
185‌
183‌
Secured
Overnight
Financing
Rate
+
1.62%
5.35%,
06/01/2034
(f)
545‌
541‌
Secured
Overnight
Financing
Rate
+
1.85%
5.57%,
04/22/2028
(f)
250‌
252‌
Secured
Overnight
Financing
Rate
+
0.93%
5.58%,
04/22/2030
(f)
250‌
253‌
Secured
Overnight
Financing
Rate
+
1.16%
5.60%,
07/15/2041
370‌
378‌
5.72%,
09/14/2033
(f)
255‌
258‌
Secured
Overnight
Financing
Rate
+
2.58%
5.77%,
04/22/2035
(f)
390‌
398‌
Secured
Overnight
Financing
Rate
+
1.49%
6.07%,
10/22/2027
(f)
320‌
325‌
Secured
Overnight
Financing
Rate
+
1.33%
6.09%,
10/23/2029
(f)
320‌
329‌
Secured
Overnight
Financing
Rate
+
1.57%
6.25%,
10/23/2034
(f)
320‌
338‌
Secured
Overnight
Financing
Rate
+
1.81%
JPMorgan
Chase
Bank
NA
5.11%,
12/08/2026
270‌
269‌
KeyBank
NA/Cleveland
OH
5.85%,
11/15/2027
775‌
769‌
KeyCorp
2.25%,
04/06/2027
110‌
100‌
Korea
Development
Bank/The
0.80%,
04/27/2026
200‌
184‌
3.00%,
01/13/2026
400‌
387‌
4.00%,
09/08/2025
500‌
492‌
4.38%,
02/15/2028
315‌
309‌
4.50%,
02/15/2029
265‌
261‌
5.38%,
10/23/2026
320‌
322‌
5.63%,
10/23/2033
200‌
208‌
Kreditanstalt
fuer
Wiederaufbau
0.00%,
06/29/2037
(h)
250‌
134‌
0.38%,
07/18/2025
315‌
299‌
0.63%,
01/22/2026
565‌
526‌
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
8
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Kreditanstalt
fuer
Wiederaufbau  
(continued)
1.00%,
10/01/2026
$
90‌
$
83‌
2.88%,
04/03/2028
(a)
600‌
563‌
3.00%,
05/20/2027
(a)
320‌
304‌
3.13%,
06/10/2025
355‌
348‌
3.63%,
04/01/2026
480‌
469‌
3.75%,
02/15/2028
250‌
242‌
3.88%,
06/15/2028
380‌
369‌
4.00%,
03/15/2029
80‌
78‌
4.13%,
07/15/2033
315‌
304‌
4.38%,
03/01/2027
500‌
495‌
4.38%,
02/28/2034
140‌
138‌
4.63%,
08/07/2026
315‌
313‌
4.75%,
10/29/2030
(a)
320‌
323‌
5.13%,
09/29/2025
320‌
320‌
Landwirtschaftliche
Rentenbank
0.88%,
03/30/2026
315‌
293‌
1.75%,
07/27/2026
200‌
187‌
2.38%,
06/10/2025
230‌
223‌
3.88%,
09/28/2027
320‌
311‌
3.88%,
06/14/2028
320‌
311‌
4.63%,
04/17/2029
250‌
250‌
Lloyds
Banking
Group
PLC
3.57%,
11/07/2028
(f)
200‌
187‌
3
Month
USD
LIBOR
+
1.21%
4.34%,
01/09/2048
400‌
313‌
4.58%,
12/10/2025
575‌
564‌
4.65%,
03/24/2026
675‌
662‌
4.98%,
08/11/2033
(f)
200‌
192‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.30%
5.68%,
01/05/2035
(f)
265‌
264‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.75%
5.87%,
03/06/2029
(f)
200‌
202‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.70%
5.99%,
08/07/2027
(f)
310‌
312‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.48%
Mitsubishi
UFJ
Financial
Group
Inc
1.41%,
07/17/2025
200‌
191‌
1.54%,
07/20/2027
(f)
800‌
737‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
0.75%
1.64%,
10/13/2027
(f)
200‌
183‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
0.67%
2.56%,
02/25/2030
285‌
247‌
3.20%,
07/18/2029
200‌
182‌
4.08%,
04/19/2028
(f)
600‌
579‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.30%
4.32%,
04/19/2033
(f)
200‌
187‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.55%
5.13%,
07/20/2033
(f)
200‌
197‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.13%
5.35%,
09/13/2028
(f)
255‌
255‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.90%
5.43%,
04/17/2035
(f)
200‌
199‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.00%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Mizuho
Financial
Group
Inc
2.20%,
07/10/2031
(f)
$
200‌
$
166‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.77%
3.15%,
07/16/2030
(f)
700‌
628‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.39%
5.41%,
09/13/2028
(f)
255‌
255‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.05%
5.74%,
05/27/2031
(f)
320‌
324‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.65%
5.75%,
07/06/2034
(f)
315‌
320‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.90%
Morgan
Stanley
0.99%,
12/10/2026
(f)
80‌
75‌
Secured
Overnight
Financing
Rate
+
0.72%
1.51%,
07/20/2027
(f)
115‌
106‌
Secured
Overnight
Financing
Rate
+
0.86%
1.59%,
05/04/2027
(f)
155‌
144‌
Secured
Overnight
Financing
Rate
+
0.88%
1.79%,
02/13/2032
(f)
550‌
438‌
Secured
Overnight
Financing
Rate
+
1.03%
1.93%,
04/28/2032
(f)
95‌
76‌
Secured
Overnight
Financing
Rate
+
1.02%
2.24%,
07/21/2032
(f)
115‌
93‌
Secured
Overnight
Financing
Rate
+
1.18%
2.48%,
01/21/2028
(f)
40‌
37‌
Secured
Overnight
Financing
Rate
+
1.00%
2.48%,
09/16/2036
(f)
810‌
639‌
Secured
Overnight
Financing
Rate
+
1.36%
2.51%,
10/20/2032
(f)
130‌
107‌
Secured
Overnight
Financing
Rate
+
1.20%
2.70%,
01/22/2031
(f)
175‌
152‌
Secured
Overnight
Financing
Rate
+
1.14%
2.80%,
01/25/2052
(f)
210‌
132‌
Secured
Overnight
Financing
Rate
+
1.43%
2.94%,
01/21/2033
(f)
90‌
76‌
Secured
Overnight
Financing
Rate
+
1.29%
3.13%,
07/27/2026
150‌
143‌
3.22%,
04/22/2042
(f)
60‌
45‌
Secured
Overnight
Financing
Rate
+
1.49%
3.59%,
07/22/2028
90‌
85‌
3
Month
USD
LIBOR
+
1.34%
3.77%,
01/24/2029
(f)
600‌
569‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.40%
3.95%,
04/23/2027
710‌
685‌
4.21%,
04/20/2028
(f)
135‌
131‌
Secured
Overnight
Financing
Rate
+
1.61%
4.30%,
01/27/2045
320‌
275‌
4.68%,
07/17/2026
(f)
375‌
371‌
Secured
Overnight
Financing
Rate
+
1.67%
4.89%,
07/20/2033
(f)
85‌
81‌
Secured
Overnight
Financing
Rate
+
2.08%
5.00%,
11/24/2025
675‌
670‌
5.05%,
01/28/2027
(f)
240‌
238‌
Secured
Overnight
Financing
Rate
+
1.30%
5.12%,
02/01/2029
(f)
320‌
318‌
Secured
Overnight
Financing
Rate
+
1.73%
5.16%,
04/20/2029
(f)
260‌
258‌
Secured
Overnight
Financing
Rate
+
1.59%
5.17%,
01/16/2030
(f)
200‌
199‌
Secured
Overnight
Financing
Rate
+
1.45%
5.25%,
04/21/2034
(f)
425‌
415‌
Secured
Overnight
Financing
Rate
+
1.87%
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
9
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Morgan
Stanley  
(continued)
5.42%,
07/21/2034
(f)
$
315‌
$
312‌
Secured
Overnight
Financing
Rate
+
1.88%
5.45%,
07/20/2029
(f)
315‌
316‌
Secured
Overnight
Financing
Rate
+
1.63%
5.47%,
01/18/2035
(f)
135‌
134‌
Secured
Overnight
Financing
Rate
+
1.73%
5.65%,
04/13/2028
(f)
105‌
106‌
Secured
Overnight
Financing
Rate
+
1.01%
5.66%,
04/18/2030
(f)
250‌
253‌
Secured
Overnight
Financing
Rate
+
1.26%
5.83%,
04/19/2035
(f)
75‌
77‌
Secured
Overnight
Financing
Rate
+
1.58%
5.95%,
01/19/2038
(f)
160‌
159‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.43%
6.14%,
10/16/2026
(f)
310‌
312‌
Secured
Overnight
Financing
Rate
+
1.77%
6.30%,
10/18/2028
(f)
310‌
319‌
Secured
Overnight
Financing
Rate
+
2.24%
6.34%,
10/18/2033
(f)
310‌
328‌
Secured
Overnight
Financing
Rate
+
2.56%
6.38%,
07/24/2042
200‌
222‌
6.41%,
11/01/2029
(f)
280‌
291‌
Secured
Overnight
Financing
Rate
+
1.83%
6.63%,
11/01/2034
(f)
180‌
194‌
Secured
Overnight
Financing
Rate
+
2.05%
Morgan
Stanley
Bank
NA
4.75%,
04/21/2026
320‌
317‌
National
Australia
Bank
Ltd/New
York
4.79%,
01/10/2029
(a)
500‌
495‌
NatWest
Group
PLC
1.64%,
06/14/2027
(f)
200‌
185‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
0.90%
4.89%,
05/18/2029
(f)
700‌
682‌
3
Month
USD
LIBOR
+
1.75%
5.08%,
01/27/2030
(f)
400‌
392‌
3
Month
USD
LIBOR
+
1.91%
5.85%,
03/02/2027
(f)
200‌
201‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.35%
Oesterreichische
Kontrollbank
AG
0.38%,
09/17/2025
305‌
287‌
3.63%,
09/09/2027
325‌
314‌
4.13%,
01/20/2026
155‌
153‌
4.25%,
03/01/2028
320‌
315‌
4.75%,
05/21/2027
250‌
250‌
PNC
Financial
Services
Group
Inc/The
2.31%,
04/23/2032
(f)
245‌
202‌
Secured
Overnight
Financing
Rate
+
0.98%
3.45%,
04/23/2029
175‌
162‌
4.63%,
06/06/2033
(f)
160‌
148‌
Secured
Overnight
Financing
Rate
+
1.85%
4.76%,
01/26/2027
(f)
375‌
370‌
Secured
Overnight
Financing
Rate
+
1.09%
5.30%,
01/21/2028
(f)
135‌
135‌
Secured
Overnight
Financing
Rate
+
1.34%
5.35%,
12/02/2028
(f)
410‌
409‌
Secured
Overnight
Financing
Rate
+
1.62%
5.68%,
01/22/2035
(f)
65‌
65‌
Secured
Overnight
Financing
Rate
+
1.90%
5.94%,
08/18/2034
(f)
315‌
321‌
Secured
Overnight
Financing
Rate
+
1.95%
6.62%,
10/20/2027
(f)
240‌
246‌
Secured
Overnight
Financing
Rate
+
1.73%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Royal
Bank
of
Canada
1.15%,
07/14/2026
$
60‌
$
55‌
1.20%,
04/27/2026
555‌
514‌
3.63%,
05/04/2027
320‌
307‌
3.88%,
05/04/2032
145‌
132‌
4.90%,
01/12/2028
165‌
163‌
4.95%,
02/01/2029
235‌
233‌
5.00%,
05/02/2033
175‌
172‌
5.20%,
07/20/2026
160‌
160‌
6.00%,
11/01/2027
155‌
159‌
Santander
Holdings
USA
Inc
2.49%,
01/06/2028
(f)
290‌
266‌
Secured
Overnight
Financing
Rate
+
1.25%
6.12%,
05/31/2027
(f)
255‌
256‌
Secured
Overnight
Financing
Rate
+
1.23%
Santander
UK
Group
Holdings
PLC
1.53%,
08/21/2026
(f)
200‌
190‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.25%
2.47%,
01/11/2028
(f)
200‌
184‌
Secured
Overnight
Financing
Rate
+
1.22%
2.90%,
03/15/2032
(f)
600‌
503‌
Secured
Overnight
Financing
Rate
+
1.48%
State
Street
Corp
2.20%,
02/07/2028
(f)
65‌
60‌
Secured
Overnight
Financing
Rate
+
0.73%
2.20%,
03/03/2031
60‌
50‌
4.42%,
05/13/2033
(f)
135‌
128‌
Secured
Overnight
Financing
Rate
+
1.61%
4.82%,
01/26/2034
(f)
245‌
236‌
Secured
Overnight
Financing
Rate
+
1.57%
5.27%,
08/03/2026
155‌
155‌
5.68%,
11/21/2029
(f)
140‌
143‌
Secured
Overnight
Financing
Rate
+
1.48%
5.75%,
11/04/2026
(f)
495‌
497‌
Secured
Overnight
Financing
Rate
+
1.35%
Sumitomo
Mitsui
Financial
Group
Inc
1.47%,
07/08/2025
400‌
383‌
2.13%,
07/08/2030
200‌
166‌
2.14%,
09/23/2030
150‌
124‌
2.93%,
09/17/2041
60‌
44‌
3.01%,
10/19/2026
75‌
71‌
3.04%,
07/16/2029
200‌
180‌
3.36%,
07/12/2027
400‌
379‌
3.45%,
01/11/2027
165‌
158‌
5.46%,
01/13/2026
420‌
420‌
5.52%,
01/13/2028
410‌
414‌
5.77%,
01/13/2033
400‌
411‌
5.80%,
07/13/2028
315‌
321‌
5.81%,
09/14/2033
(a)
235‌
243‌
6.18%,
07/13/2043
160‌
175‌
Toronto-Dominion
Bank/The
1.15%,
06/12/2025
825‌
790‌
1.20%,
06/03/2026
260‌
240‌
1.95%,
01/12/2027
(a)
125‌
116‌
2.00%,
09/10/2031
60‌
48‌
3.20%,
03/10/2032
65‌
56‌
3.77%,
06/06/2025
30‌
29‌
4.11%,
06/08/2027
30‌
29‌
4.46%,
06/08/2032
70‌
66‌
4.69%,
09/15/2027
655‌
644‌
4.99%,
04/05/2029
250‌
247‌
5.10%,
01/09/2026
160‌
159‌
5.52%,
07/17/2028
160‌
161‌
5.53%,
07/17/2026
160‌
160‌
Truist
Bank
2.25%,
03/11/2030
1,000‌
827‌
3.80%,
10/30/2026
250‌
240‌
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
10
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Truist
Financial
Corp
1.20%,
08/05/2025
$
60‌
$
57‌
1.27%,
03/02/2027
(f)
195‌
181‌
Secured
Overnight
Financing
Rate
+
0.61%
1.89%,
06/07/2029
(f)
130‌
113‌
Secured
Overnight
Financing
Rate
+
0.86%
1.95%,
06/05/2030
(a)
60‌
49‌
4.12%,
06/06/2028
(f)
290‌
279‌
Secured
Overnight
Financing
Rate
+
1.37%
4.87%,
01/26/2029
(f)
160‌
157‌
Secured
Overnight
Financing
Rate
+
1.44%
5.12%,
01/26/2034
(f)
160‌
152‌
Secured
Overnight
Financing
Rate
+
1.85%
5.44%,
01/24/2030
(f)
65‌
65‌
Secured
Overnight
Financing
Rate
+
1.62%
5.71%,
01/24/2035
(f)
55‌
55‌
Secured
Overnight
Financing
Rate
+
1.92%
5.87%,
06/08/2034
(f)
160‌
161‌
Secured
Overnight
Financing
Rate
+
2.36%
5.90%,
10/28/2026
(f)
155‌
155‌
Secured
Overnight
Financing
Rate
+
1.63%
UBS
AG/New
York
NY
5.00%,
07/09/2027
500‌
494‌
US
Bancorp
1.38%,
07/22/2030
110‌
88‌
2.22%,
01/27/2028
(f)
275‌
253‌
Secured
Overnight
Financing
Rate
+
0.73%
2.49%,
11/03/2036
(f)
170‌
133‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
0.95%
4.55%,
07/22/2028
(f)
480‌
467‌
Secured
Overnight
Financing
Rate
+
1.66%
4.65%,
02/01/2029
(f)
285‌
278‌
Secured
Overnight
Financing
Rate
+
1.23%
4.84%,
02/01/2034
(f)
285‌
269‌
Secured
Overnight
Financing
Rate
+
1.60%
5.38%,
01/23/2030
(f)
55‌
55‌
Secured
Overnight
Financing
Rate
+
1.56%
5.68%,
01/23/2035
(f)
40‌
40‌
Secured
Overnight
Financing
Rate
+
1.86%
5.73%,
10/21/2026
(f)
155‌
155‌
Secured
Overnight
Financing
Rate
+
1.43%
5.84%,
06/12/2034
(f)
320‌
323‌
Secured
Overnight
Financing
Rate
+
2.26%
5.85%,
10/21/2033
(f)
155‌
157‌
Secured
Overnight
Financing
Rate
+
2.09%
Wells
Fargo
&
Co
2.39%,
06/02/2028
(f)
220‌
202‌
Secured
Overnight
Financing
Rate
+
2.10%
2.57%,
02/11/2031
(f)
700‌
602‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.26%
3.00%,
10/23/2026
250‌
237‌
3.07%,
04/30/2041
(f)
485‌
356‌
Secured
Overnight
Financing
Rate
+
2.53%
3.35%,
03/02/2033
(f)
430‌
371‌
Secured
Overnight
Financing
Rate
+
1.50%
3.53%,
03/24/2028
(f)
160‌
152‌
Secured
Overnight
Financing
Rate
+
1.51%
3.55%,
09/29/2025
75‌
73‌
3.58%,
05/22/2028
(f)
375‌
356‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.57%
4.40%,
06/14/2046
110‌
90‌
4.61%,
04/25/2053
(f)
155‌
132‌
Secured
Overnight
Financing
Rate
+
2.13%
4.65%,
11/04/2044
600‌
515‌
4.75%,
12/07/2046
250‌
215‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Wells
Fargo
&
Co  
(continued)
4.81%,
07/25/2028
(f)
$
65‌
$
64‌
Secured
Overnight
Financing
Rate
+
1.98%
4.90%,
07/25/2033
(f)
735‌
703‌
Secured
Overnight
Financing
Rate
+
2.10%
4.90%,
11/17/2045
75‌
66‌
5.01%,
04/04/2051
(f)
440‌
401‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.50%
5.20%,
01/23/2030
(f)
265‌
263‌
Secured
Overnight
Financing
Rate
+
1.50%
5.38%,
11/02/2043
185‌
175‌
5.39%,
04/24/2034
(f)
375‌
369‌
Secured
Overnight
Financing
Rate
+
2.02%
5.50%,
01/23/2035
(f)
265‌
263‌
Secured
Overnight
Financing
Rate
+
1.78%
5.56%,
07/25/2034
(f)
475‌
473‌
Secured
Overnight
Financing
Rate
+
1.99%
5.57%,
07/25/2029
(f)
475‌
478‌
Secured
Overnight
Financing
Rate
+
1.74%
5.71%,
04/22/2028
(f)
250‌
252‌
Secured
Overnight
Financing
Rate
+
1.07%
6.30%,
10/23/2029
(f)
320‌
331‌
Secured
Overnight
Financing
Rate
+
1.79%
6.49%,
10/23/2034
(f)
320‌
340‌
Secured
Overnight
Financing
Rate
+
2.06%
Wells
Fargo
Bank
NA
5.25%,
12/11/2026
250‌
250‌
5.45%,
08/07/2026
315‌
316‌
Westpac
Banking
Corp
1.15%,
06/03/2026
60‌
55‌
3.02%,
11/18/2036
(f)
405‌
331‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.53%
3.13%,
11/18/2041
60‌
42‌
3.74%,
08/26/2025
120‌
118‌
4.11%,
07/24/2034
(f)
555‌
510‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.00%
5.05%,
04/16/2029
690‌
689‌
$
119,018‌
Beverages
-
0
.52
%
Anheuser-Busch
Cos
LLC
/
Anheuser-Busch
InBev
Worldwide
Inc
4.70%,
02/01/2036
250‌
236‌
4.90%,
02/01/2046
720‌
661‌
Anheuser-Busch
InBev
Finance
Inc
4.63%,
02/01/2044
75‌
67‌
Anheuser-Busch
InBev
Worldwide
Inc
3.50%,
06/01/2030
130‌
120‌
4.35%,
06/01/2040
165‌
145‌
4.60%,
04/15/2048
6‌
5‌
4.75%,
01/23/2029
250‌
248‌
4.95%,
01/15/2042
220‌
206‌
5.00%,
06/15/2034
125‌
123‌
5.45%,
01/23/2039
450‌
451‌
5.55%,
01/23/2049
470‌
471‌
5.80%,
01/23/2059
325‌
337‌
8.20%,
01/15/2039
60‌
76‌
Coca-Cola
Co/The
1.50%,
03/05/2028
60‌
53‌
2.50%,
06/01/2040
140‌
98‌
2.50%,
03/15/2051
265‌
160‌
2.60%,
06/01/2050
140‌
87‌
2.88%,
05/05/2041
60‌
44‌
3.00%,
03/05/2051
90‌
61‌
5.00%,
05/13/2034
455‌
453‌
5.30%,
05/13/2054
455‌
448‌
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
11
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Beverages
(continued)
Constellation
Brands
Inc
2.25%,
08/01/2031
$
1,040‌
$
849‌
3.15%,
08/01/2029
90‌
81‌
3.60%,
02/15/2028
700‌
661‌
4.35%,
05/09/2027
160‌
156‌
4.90%,
05/01/2033
80‌
77‌
Diageo
Capital
PLC
2.38%,
10/24/2029
200‌
176‌
5.30%,
10/24/2027
310‌
312‌
5.63%,
10/05/2033
400‌
413‌
Keurig
Dr
Pepper
Inc
2.25%,
03/15/2031
60‌
50‌
3.35%,
03/15/2051
60‌
41‌
3.40%,
11/15/2025
250‌
243‌
3.95%,
04/15/2029
735‌
696‌
4.05%,
04/15/2032
210‌
194‌
4.50%,
04/15/2052
85‌
71‌
5.10%,
03/15/2027
155‌
155‌
Molson
Coors
Beverage
Co
3.00%,
07/15/2026
105‌
100‌
4.20%,
07/15/2046
250‌
201‌
PepsiCo
Inc
2.63%,
10/21/2041
725‌
508‌
2.75%,
10/21/2051
225‌
142‌
2.88%,
10/15/2049
145‌
96‌
3.00%,
10/15/2027
600‌
565‌
5.25%,
11/10/2025
205‌
206‌
$
10,543‌
Biotechnology
-
0
.36
%
Amgen
Inc
1.65%,
08/15/2028
125‌
109‌
2.00%,
01/15/2032
120‌
96‌
2.45%,
02/21/2030
155‌
134‌
2.60%,
08/19/2026
700‌
662‌
2.77%,
09/01/2053
510‌
305‌
3.00%,
02/22/2029
200‌
183‌
3.00%,
01/15/2052
120‌
78‌
3.15%,
02/21/2040
155‌
116‌
3.38%,
02/21/2050
545‌
384‌
4.20%,
03/01/2033
80‌
74‌
4.20%,
02/22/2052
200‌
159‌
4.40%,
05/01/2045
65‌
55‌
4.66%,
06/15/2051
410‌
351‌
4.88%,
03/01/2053
80‌
71‌
5.15%,
03/02/2028
280‌
279‌
5.15%,
11/15/2041
113‌
106‌
5.25%,
03/02/2030
135‌
135‌
5.25%,
03/02/2033
160‌
159‌
5.60%,
03/02/2043
320‌
317‌
5.65%,
03/02/2053
320‌
316‌
5.75%,
03/02/2063
240‌
236‌
Biogen
Inc
4.05%,
09/15/2025
160‌
157‌
5.20%,
09/15/2045
30‌
28‌
Gilead
Sciences
Inc
1.65%,
10/01/2030
150‌
122‌
2.80%,
10/01/2050
150‌
94‌
2.95%,
03/01/2027
240‌
227‌
3.65%,
03/01/2026
190‌
185‌
4.15%,
03/01/2047
25‌
20‌
4.50%,
02/01/2045
500‌
429‌
4.75%,
03/01/2046
580‌
514‌
5.25%,
10/15/2033
160‌
160‌
5.55%,
10/15/2053
160‌
159‌
Regeneron
Pharmaceuticals
Inc
1.75%,
09/15/2030
160‌
130‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Biotechnology
(continued)
Royalty
Pharma
PLC
1.75%,
09/02/2027
$
655‌
$
585‌
2.20%,
09/02/2030
155‌
128‌
3.30%,
09/02/2040
155‌
112‌
$
7,375‌
Building
Materials
-
0
.10
%
Carrier
Global
Corp
2.49%,
02/15/2027
35‌
33‌
2.72%,
02/15/2030
420‌
369‌
3.38%,
04/05/2040
155‌
120‌
3.58%,
04/05/2050
155‌
113‌
5.80%,
11/30/2025
140‌
141‌
5.90%,
03/15/2034
140‌
145‌
6.20%,
03/15/2054
55‌
59‌
Johnson
Controls
International
plc
5.13%,
09/14/2045
29‌
26‌
Johnson
Controls
International
plc
/
Tyco
Fire
&
Security
Finance
SCA
2.00%,
09/16/2031
120‌
96‌
Martin
Marietta
Materials
Inc
2.50%,
03/15/2030
155‌
134‌
3.20%,
07/15/2051
60‌
40‌
Masco
Corp
1.50%,
02/15/2028
60‌
52‌
Owens
Corning
4.30%,
07/15/2047
150‌
122‌
5.50%,
06/15/2027
130‌
131‌
5.70%,
06/15/2034
130‌
131‌
Trane
Technologies
Financing
Ltd
3.80%,
03/21/2029
90‌
85‌
Vulcan
Materials
Co
3.50%,
06/01/2030
295‌
268‌
$
2,065‌
Chemicals
-
0
.30
%
Air
Products
and
Chemicals
Inc
2.80%,
05/15/2050
300‌
192‌
4.60%,
02/08/2029
130‌
128‌
4.80%,
03/03/2033
160‌
156‌
Celanese
US
Holdings
LLC
6.17%,
07/15/2027
135‌
137‌
6.38%,
07/15/2032
135‌
139‌
Dow
Chemical
Co/The
2.10%,
11/15/2030
160‌
134‌
3.60%,
11/15/2050
160‌
113‌
4.38%,
11/15/2042
350‌
293‌
4.63%,
10/01/2044
270‌
232‌
4.80%,
11/30/2028
90‌
89‌
4.80%,
05/15/2049
340‌
291‌
5.15%,
02/15/2034
130‌
127‌
DuPont
de
Nemours
Inc
4.73%,
11/15/2028
700‌
696‌
5.32%,
11/15/2038
145‌
146‌
5.42%,
11/15/2048
185‌
186‌
Eastman
Chemical
Co
4.65%,
10/15/2044
75‌
63‌
Ecolab
Inc
1.30%,
01/30/2031
150‌
119‌
1.65%,
02/01/2027
105‌
96‌
2.75%,
08/18/2055
700‌
423‌
EIDP
Inc
1.70%,
07/15/2025
60‌
58‌
LYB
International
Finance
III
LLC
1.25%,
10/01/2025
64‌
60‌
2.25%,
10/01/2030
130‌
109‌
3.63%,
04/01/2051
130‌
90‌
4.20%,
10/15/2049
160‌
123‌
5.63%,
05/15/2033
(a)
160‌
162‌
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
12
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Chemicals
(continued)
Mosaic
Co/The
5.63%,
11/15/2043
$
25‌
$
24‌
Nutrien
Ltd
4.20%,
04/01/2029
400‌
383‌
5.00%,
04/01/2049
280‌
248‌
5.80%,
03/27/2053
160‌
159‌
5.95%,
11/07/2025
155‌
156‌
PPG
Industries
Inc
1.20%,
03/15/2026
60‌
56‌
Sherwin-Williams
Co/The
2.20%,
03/15/2032
250‌
202‌
3.30%,
05/15/2050
90‌
62‌
4.50%,
06/01/2047
390‌
330‌
Westlake
Corp
3.13%,
08/15/2051
60‌
38‌
3.60%,
08/15/2026
110‌
106‌
$
6,126‌
Coal
-
0
.01
%
Teck
Resources
Ltd
3.90%,
07/15/2030
115‌
106‌
Commercial
Mortgage
Backed
Securities
-
0
.18
%
COMM
2015-PC1
Mortgage
Trust
3.90%,
07/10/2050
885‌
870‌
Fannie
Mae-Aces
2.99%,
12/25/2027
(i)
669‌
627‌
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates
3.17%,
10/25/2024
965‌
955‌
3.21%,
03/25/2025
1,244‌
1,221‌
Morgan
Stanley
Bank
of
America
Merrill
Lynch
Trust
2015-C21
3.15%,
03/15/2048
60‌
60‌
$
3,733‌
Commercial
Services
-
0
.13
%
American
University/The
3.67%,
04/01/2049
35‌
27‌
Global
Payments
Inc
1.20%,
03/01/2026
645‌
598‌
3.20%,
08/15/2029
140‌
125‌
4.15%,
08/15/2049
70‌
53‌
Massachusetts
Institute
of
Technology
3.96%,
07/01/2038
185‌
166‌
4.68%,
07/01/2114
100‌
87‌
Moody's
Corp
4.25%,
08/08/2032
65‌
61‌
5.25%,
07/15/2044
90‌
86‌
PayPal
Holdings
Inc
2.85%,
10/01/2029
755‌
678‌
3.90%,
06/01/2027
65‌
63‌
4.40%,
06/01/2032
65‌
62‌
5.50%,
06/01/2054
130‌
126‌
S&P
Global
Inc
1.25%,
08/15/2030
160‌
128‌
2.45%,
03/01/2027
100‌
93‌
2.50%,
12/01/2029
(a)
55‌
48‌
3.25%,
12/01/2049
55‌
39‌
3.70%,
03/01/2052
100‌
75‌
5.25%,
09/15/2033
(e)
160‌
161‌
University
of
Southern
California
5.25%,
10/01/2111
20‌
19‌
$
2,695‌
Computers
-
0
.56
%
Apple
Inc
0.70%,
02/08/2026
275‌
256‌
1.20%,
02/08/2028
430‌
379‌
2.40%,
08/20/2050
210‌
127‌
2.65%,
02/08/2051
140‌
88‌
2.70%,
08/05/2051
85‌
54‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Computers
(continued)
Apple
Inc  
(continued)
2.80%,
02/08/2061
$
850‌
$
518‌
2.90%,
09/12/2027
300‌
283‌
2.95%,
09/11/2049
140‌
95‌
3.00%,
06/20/2027
500‌
474‌
3.20%,
05/11/2027
110‌
105‌
3.25%,
02/23/2026
500‌
486‌
3.35%,
02/09/2027
125‌
120‌
3.35%,
08/08/2032
500‌
450‌
3.75%,
11/13/2047
195‌
155‌
3.85%,
05/04/2043
200‌
167‌
3.95%,
08/08/2052
235‌
190‌
4.38%,
05/13/2045
80‌
71‌
4.65%,
02/23/2046
375‌
346‌
4.85%,
05/10/2053
(a)
320‌
306‌
Dell
International
LLC
/
EMC
Corp
3.38%,
12/15/2041
310‌
228‌
3.45%,
12/15/2051
246‌
167‌
5.25%,
02/01/2028
160‌
161‌
5.30%,
10/01/2029
300‌
301‌
5.40%,
04/15/2034
185‌
182‌
6.02%,
06/15/2026
486‌
490‌
8.35%,
07/15/2046
26‌
33‌
Hewlett
Packard
Enterprise
Co
4.90%,
10/15/2025
200‌
199‌
6.20%,
10/15/2035
75‌
79‌
6.35%,
10/15/2045
340‌
361‌
HP
Inc
3.00%,
06/17/2027
140‌
131‌
4.75%,
01/15/2028
495‌
488‌
6.00%,
09/15/2041
355‌
364‌
IBM
International
Capital
Pte
Ltd
4.75%,
02/05/2031
265‌
258‌
4.90%,
02/05/2034
265‌
255‌
International
Business
Machines
Corp
2.20%,
02/09/2027
575‌
533‌
3.30%,
05/15/2026
500‌
482‌
3.50%,
05/15/2029
160‌
149‌
4.00%,
07/27/2025
100‌
99‌
4.00%,
06/20/2042
110‌
89‌
4.15%,
05/15/2039
195‌
167‌
4.25%,
05/15/2049
600‌
484‌
4.40%,
07/27/2032
100‌
94‌
4.50%,
02/06/2028
370‌
363‌
4.70%,
02/19/2046
145‌
129‌
5.10%,
02/06/2053
160‌
148‌
NetApp
Inc
2.38%,
06/22/2027
155‌
142‌
$
11,246‌
Consumer
Products
-
0
.01
%
Church
&
Dwight
Co
Inc
3.95%,
08/01/2047
200‌
157‌
Cosmetics
&
Personal
Care
-
0
.15
%
Colgate-Palmolive
Co
4.60%,
03/01/2028
160‌
160‌
Haleon
US
Capital
LLC
3.38%,
03/24/2027
250‌
238‌
3.63%,
03/24/2032
250‌
223‌
Kenvue
Inc
4.90%,
03/22/2033
160‌
157‌
5.05%,
03/22/2028
160‌
161‌
5.05%,
03/22/2053
160‌
150‌
5.10%,
03/22/2043
160‌
154‌
Procter
&
Gamble
Co/The
0.55%,
10/29/2025
180‌
169‌
1.90%,
02/01/2027
540‌
501‌
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
13
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Cosmetics
&
Personal
Care
(continued)
Unilever
Capital
Corp
1.38%,
09/14/2030
$
150‌
$
121‌
1.75%,
08/12/2031
680‌
550‌
2.90%,
05/05/2027
435‌
412‌
$
2,996‌
Diversified
Financial
Services
-
0
.87
%
AerCap
Ireland
Capital
DAC
/
AerCap
Global
Aviation
Trust
1.75%,
01/30/2026
150‌
141‌
2.45%,
10/29/2026
150‌
140‌
3.00%,
10/29/2028
600‌
542‌
3.30%,
01/30/2032
750‌
639‌
3.40%,
10/29/2033
150‌
125‌
5.10%,
01/19/2029
150‌
148‌
6.10%,
01/15/2027
315‌
320‌
Air
Lease
Corp
1.88%,
08/15/2026
350‌
323‌
2.10%,
09/01/2028
385‌
336‌
2.88%,
01/15/2026
700‌
669‌
2.88%,
01/15/2032
65‌
54‌
5.10%,
03/01/2029
135‌
133‌
Ally
Financial
Inc
2.20%,
11/02/2028
60‌
52‌
4.75%,
06/09/2027
160‌
155‌
8.00%,
11/01/2031
420‌
460‌
American
Express
Co
1.65%,
11/04/2026
310‌
284‌
3.30%,
05/03/2027
500‌
475‌
4.05%,
05/03/2029
100‌
96‌
4.05%,
12/03/2042
440‌
370‌
5.10%,
02/16/2028
(f)
130‌
129‌
Secured
Overnight
Financing
Rate
+
1.00%
5.28%,
07/27/2029
(f)
160‌
160‌
Secured
Overnight
Financing
Rate
+
1.28%
5.39%,
07/28/2027
(f)
160‌
160‌
Secured
Overnight
Financing
Rate
+
0.97%
5.53%,
04/25/2030
(f)
250‌
252‌
Secured
Overnight
Financing
Rate
+
1.09%
6.34%,
10/30/2026
(f)
140‌
142‌
Secured
Overnight
Financing
Rate
+
1.33%
6.49%,
10/30/2031
(f)
70‌
75‌
Secured
Overnight
Financing
Rate
+
1.94%
BlackRock
Inc
2.10%,
02/25/2032
295‌
240‌
Capital
One
Financial
Corp
1.88%,
11/02/2027
(f)
390‌
356‌
Secured
Overnight
Financing
Rate
+
0.86%
2.36%,
07/29/2032
(f)
510‌
398‌
Secured
Overnight
Financing
Rate
+
1.34%
4.93%,
05/10/2028
(f)
245‌
241‌
Secured
Overnight
Financing
Rate
+
2.06%
5.70%,
02/01/2030
(a),(f)
135‌
135‌
Secured
Overnight
Financing
Rate
+
1.91%
5.82%,
02/01/2034
(f)
160‌
158‌
Secured
Overnight
Financing
Rate
+
2.60%
6.05%,
02/01/2035
(f)
65‌
65‌
Secured
Overnight
Financing
Rate
+
2.26%
6.31%,
06/08/2029
(f)
160‌
163‌
Secured
Overnight
Financing
Rate
+
2.64%
7.62%,
10/30/2031
(f)
210‌
230‌
Secured
Overnight
Financing
Rate
+
3.07%
Charles
Schwab
Corp/The
0.90%,
03/11/2026
400‌
370‌
1.15%,
05/13/2026
60‌
55‌
1.65%,
03/11/2031
(a)
400‌
319‌
1.95%,
12/01/2031
540‌
430‌
2.00%,
03/20/2028
115‌
103‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Diversified
Financial
Services
(continued)
Charles
Schwab
Corp/The  
(continued)
5.64%,
05/19/2029
(f)
$
160‌
$
162‌
Secured
Overnight
Financing
Rate
+
2.21%
5.88%,
08/24/2026
155‌
157‌
6.14%,
08/24/2034
(f)
155‌
160‌
Secured
Overnight
Financing
Rate
+
2.01%
6.20%,
11/17/2029
(f)
140‌
145‌
Secured
Overnight
Financing
Rate
+
1.88%
CME
Group
Inc
5.30%,
09/15/2043
200‌
200‌
Discover
Financial
Services
4.10%,
02/09/2027
75‌
72‌
Intercontinental
Exchange
Inc
1.85%,
09/15/2032
120‌
92‌
2.10%,
06/15/2030
400‌
335‌
2.65%,
09/15/2040
160‌
111‌
3.00%,
09/15/2060
160‌
96‌
3.75%,
12/01/2025
75‌
73‌
3.75%,
09/21/2028
335‌
317‌
4.00%,
09/15/2027
135‌
130‌
4.25%,
09/21/2048
250‌
206‌
4.60%,
03/15/2033
220‌
209‌
4.95%,
06/15/2052
65‌
59‌
Jefferies
Financial
Group
Inc
2.63%,
10/15/2031
200‌
161‌
Legg
Mason
Inc
5.63%,
01/15/2044
25‌
24‌
Mastercard
Inc
2.00%,
11/18/2031
190‌
155‌
2.95%,
03/15/2051
60‌
40‌
3.35%,
03/26/2030
875‌
805‌
3.85%,
03/26/2050
125‌
99‌
4.88%,
03/09/2028
160‌
161‌
Nasdaq
Inc
2.50%,
12/21/2040
55‌
36‌
5.35%,
06/28/2028
160‌
161‌
5.95%,
08/15/2053
40‌
41‌
Nomura
Holdings
Inc
1.85%,
07/16/2025
415‌
397‌
2.33%,
01/22/2027
200‌
184‌
2.68%,
07/16/2030
450‌
381‌
5.84%,
01/18/2028
320‌
324‌
6.09%,
07/12/2033
(a)
315‌
328‌
Synchrony
Financial
3.95%,
12/01/2027
720‌
674‌
4.50%,
07/23/2025
275‌
270‌
Visa
Inc
1.10%,
02/15/2031
60‌
47‌
1.90%,
04/15/2027
80‌
74‌
2.00%,
08/15/2050
160‌
89‌
2.70%,
04/15/2040
155‌
113‌
2.75%,
09/15/2027
150‌
140‌
4.15%,
12/14/2035
500‌
465‌
4.30%,
12/14/2045
200‌
174‌
$
17,510‌
Electric
-
2
.01
%
AEP
Texas
Inc
2.10%,
07/01/2030
160‌
132‌
3.45%,
01/15/2050
50‌
33‌
3.45%,
05/15/2051
60‌
39‌
4.70%,
05/15/2032
105‌
99‌
5.25%,
05/15/2052
105‌
94‌
AEP
Transmission
Co
LLC
2.75%,
08/15/2051
(a)
60‌
36‌
4.50%,
06/15/2052
70‌
58‌
5.40%,
03/15/2053
160‌
153‌
AES
Corp/The
2.45%,
01/15/2031
60‌
49‌
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
14
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
Alabama
Power
Co
1.45%,
09/15/2030
$
155‌
$
125‌
3.13%,
07/15/2051
60‌
40‌
Ameren
Corp
1.75%,
03/15/2028
(a)
60‌
53‌
5.00%,
01/15/2029
130‌
128‌
5.70%,
12/01/2026
140‌
141‌
Ameren
Illinois
Co
1.55%,
11/15/2030
65‌
52‌
3.25%,
03/15/2050
75‌
51‌
3.85%,
09/01/2032
355‌
321‌
4.15%,
03/15/2046
330‌
270‌
American
Electric
Power
Co
Inc
1.00%,
11/01/2025
15‌
14‌
2.30%,
03/01/2030
155‌
131‌
5.63%,
03/01/2033
160‌
159‌
Arizona
Public
Service
Co
2.60%,
08/15/2029
90‌
79‌
2.65%,
09/15/2050
150‌
87‌
Baltimore
Gas
and
Electric
Co
2.25%,
06/15/2031
60‌
50‌
4.55%,
06/01/2052
20‌
17‌
Berkshire
Hathaway
Energy
Co
1.65%,
05/15/2031
365‌
288‌
2.85%,
05/15/2051
85‌
52‌
3.80%,
07/15/2048
650‌
477‌
4.60%,
05/01/2053
65‌
54‌
5.15%,
11/15/2043
200‌
188‌
CenterPoint
Energy
Houston
Electric
LLC
3.35%,
04/01/2051
60‌
42‌
4.95%,
04/01/2033
160‌
156‌
5.20%,
10/01/2028
160‌
161‌
CenterPoint
Energy
Inc
1.45%,
06/01/2026
60‌
56‌
2.95%,
03/01/2030
100‌
88‌
3.70%,
09/01/2049
60‌
43‌
CMS
Energy
Corp
3.75%,
12/01/2050
(f)
60‌
50‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.90%
Commonwealth
Edison
Co
3.00%,
03/01/2050
715‌
459‌
3.13%,
03/15/2051
420‌
274‌
4.00%,
03/01/2048
370‌
288‌
5.30%,
06/01/2034
130‌
130‌
5.30%,
02/01/2053
160‌
151‌
5.65%,
06/01/2054
130‌
129‌
Connecticut
Light
and
Power
Co/The
0.75%,
12/01/2025
60‌
56‌
2.05%,
07/01/2031
60‌
49‌
3.20%,
03/15/2027
140‌
133‌
Consolidated
Edison
Co
of
New
York
Inc
2.40%,
06/15/2031
55‌
46‌
3.00%,
12/01/2060
65‌
38‌
3.70%,
11/15/2059
80‌
55‌
3.88%,
06/15/2047
300‌
232‌
4.30%,
12/01/2056
500‌
395‌
5.20%,
03/01/2033
160‌
160‌
6.15%,
11/15/2052
155‌
164‌
6.30%,
08/15/2037
370‌
392‌
6.75%,
04/01/2038
160‌
177‌
Consumers
Energy
Co
2.50%,
05/01/2060
(a)
91‌
51‌
4.60%,
05/30/2029
135‌
132‌
4.90%,
02/15/2029
155‌
154‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
Dominion
Energy
Inc
1.45%,
04/15/2026
$
760‌
$
706‌
3.30%,
04/15/2041
60‌
44‌
3.38%,
04/01/2030
315‌
283‌
4.90%,
08/01/2041
360‌
318‌
5.38%,
11/15/2032
410‌
405‌
5.95%,
06/15/2035
200‌
203‌
DTE
Electric
Co
1.90%,
04/01/2028
40‌
36‌
3.70%,
03/15/2045
200‌
155‌
5.20%,
03/01/2034
130‌
129‌
5.40%,
04/01/2053
160‌
156‌
DTE
Energy
Co
1.05%,
06/01/2025
80‌
77‌
4.88%,
06/01/2028
105‌
103‌
Duke
Energy
Carolinas
LLC
4.00%,
09/30/2042
145‌
117‌
4.95%,
01/15/2033
160‌
156‌
5.30%,
02/15/2040
125‌
122‌
5.35%,
01/15/2053
160‌
152‌
5.40%,
01/15/2054
135‌
130‌
6.05%,
04/15/2038
460‌
479‌
Duke
Energy
Corp
0.90%,
09/15/2025
150‌
141‌
2.65%,
09/01/2026
90‌
85‌
3.15%,
08/15/2027
90‌
85‌
3.30%,
06/15/2041
60‌
44‌
3.50%,
06/15/2051
60‌
41‌
3.95%,
08/15/2047
150‌
112‌
4.20%,
06/15/2049
150‌
116‌
4.50%,
08/15/2032
340‌
318‌
4.80%,
12/15/2045
230‌
198‌
4.85%,
01/05/2029
135‌
132‌
5.00%,
08/15/2052
65‌
57‌
6.10%,
09/15/2053
160‌
164‌
Duke
Energy
Florida
LLC
1.75%,
06/15/2030
155‌
128‌
2.50%,
12/01/2029
255‌
224‌
3.40%,
10/01/2046
200‌
142‌
5.88%,
11/15/2033
145‌
151‌
5.95%,
11/15/2052
155‌
159‌
Duke
Energy
Indiana
LLC
2.75%,
04/01/2050
155‌
94‌
5.40%,
04/01/2053
160‌
152‌
Duke
Energy
Progress
LLC
2.50%,
08/15/2050
160‌
92‌
Emera
US
Finance
LP
4.75%,
06/15/2046
75‌
61‌
Entergy
Arkansas
LLC
2.65%,
06/15/2051
45‌
26‌
4.20%,
04/01/2049
600‌
479‌
5.15%,
01/15/2033
160‌
158‌
Entergy
Corp
1.90%,
06/15/2028
35‌
31‌
2.40%,
06/15/2031
60‌
49‌
Entergy
Louisiana
LLC
2.90%,
03/15/2051
35‌
21‌
3.10%,
06/15/2041
60‌
43‌
3.12%,
09/01/2027
200‌
188‌
4.75%,
09/15/2052
415‌
357‌
Entergy
Texas
Inc
1.75%,
03/15/2031
150‌
121‌
4.00%,
03/30/2029
170‌
162‌
Evergy
Kansas
Central
Inc
5.70%,
03/15/2053
160‌
157‌
Evergy
Metro
Inc
2.25%,
06/01/2030
155‌
131‌
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
15
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
Eversource
Energy
0.80%,
08/15/2025
$
160‌
$
151‌
1.65%,
08/15/2030
160‌
128‌
5.00%,
01/01/2027
135‌
134‌
5.13%,
05/15/2033
160‌
153‌
Exelon
Corp
3.35%,
03/15/2032
65‌
57‌
5.15%,
03/15/2029
125‌
124‌
Florida
Power
&
Light
Co
2.45%,
02/03/2032
65‌
54‌
2.88%,
12/04/2051
65‌
41‌
3.70%,
12/01/2047
70‌
53‌
4.05%,
10/01/2044
145‌
119‌
4.13%,
02/01/2042
300‌
254‌
4.40%,
05/15/2028
160‌
156‌
4.80%,
05/15/2033
120‌
116‌
5.10%,
04/01/2033
160‌
158‌
5.30%,
06/15/2034
(g)
130‌
130‌
5.60%,
06/15/2054
(g)
130‌
131‌
5.65%,
02/01/2037
250‌
254‌
Georgia
Power
Co
3.25%,
03/30/2027
400‌
379‌
4.30%,
03/15/2042
460‌
393‌
4.65%,
05/16/2028
160‌
157‌
4.70%,
05/15/2032
65‌
63‌
Interstate
Power
and
Light
Co
2.30%,
06/01/2030
40‌
34‌
Kentucky
Utilities
Co
3.30%,
06/01/2050
205‌
139‌
MidAmerican
Energy
Co
3.15%,
04/15/2050
145‌
96‌
4.25%,
07/15/2049
215‌
176‌
5.30%,
02/01/2055
135‌
128‌
Mississippi
Power
Co
4.25%,
03/15/2042
30‌
25‌
National
Rural
Utilities
Cooperative
Finance
Corp
1.00%,
06/15/2026
60‌
55‌
4.15%,
12/15/2032
765‌
703‌
4.80%,
03/15/2028
365‌
361‌
5.00%,
02/07/2031
135‌
134‌
5.15%,
06/15/2029
130‌
130‌
Nevada
Power
Co
2.40%,
05/01/2030
200‌
170‌
NextEra
Energy
Capital
Holdings
Inc
1.90%,
06/15/2028
45‌
40‌
2.25%,
06/01/2030
250‌
211‌
2.75%,
11/01/2029
545‌
482‌
3.55%,
05/01/2027
700‌
667‌
4.90%,
02/28/2028
160‌
158‌
4.90%,
03/15/2029
135‌
133‌
4.95%,
01/29/2026
135‌
134‌
5.00%,
07/15/2032
70‌
68‌
5.25%,
03/15/2034
135‌
132‌
5.25%,
02/28/2053
160‌
149‌
Northern
States
Power
Co/MN
2.25%,
04/01/2031
60‌
50‌
2.60%,
06/01/2051
155‌
92‌
2.90%,
03/01/2050
70‌
45‌
5.10%,
05/15/2053
160‌
148‌
5.35%,
11/01/2039
30‌
29‌
NSTAR
Electric
Co
4.55%,
06/01/2052
65‌
55‌
4.95%,
09/15/2052
565‌
507‌
5.40%,
06/01/2034
130‌
130‌
Ohio
Power
Co
1.63%,
01/15/2031
265‌
211‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
Oncor
Electric
Delivery
Co
LLC
0.55%,
10/01/2025
$
150‌
$
141‌
3.10%,
09/15/2049
195‌
130‌
4.15%,
06/01/2032
65‌
60‌
4.30%,
05/15/2028
570‌
556‌
4.55%,
09/15/2032
390‌
370‌
4.60%,
06/01/2052
65‌
56‌
Pacific
Gas
and
Electric
Co
2.10%,
08/01/2027
605‌
545‌
2.50%,
02/01/2031
880‌
725‌
3.30%,
08/01/2040
155‌
111‌
3.50%,
08/01/2050
850‌
561‌
4.20%,
06/01/2041
195‌
154‌
4.95%,
06/08/2025
180‌
178‌
5.80%,
05/15/2034
125‌
125‌
5.90%,
06/15/2032
60‌
60‌
6.10%,
01/15/2029
160‌
163‌
6.75%,
01/15/2053
160‌
169‌
PacifiCorp
2.90%,
06/15/2052
60‌
35‌
5.30%,
02/15/2031
265‌
262‌
5.35%,
12/01/2053
155‌
139‌
5.50%,
05/15/2054
160‌
146‌
6.00%,
01/15/2039
310‌
314‌
6.25%,
10/15/2037
330‌
340‌
PECO
Energy
Co
2.80%,
06/15/2050
110‌
69‌
2.85%,
09/15/2051
150‌
93‌
4.38%,
08/15/2052
360‌
299‌
4.60%,
05/15/2052
20‌
17‌
PPL
Electric
Utilities
Corp
3.00%,
10/01/2049
70‌
46‌
3.95%,
06/01/2047
100‌
79‌
4.85%,
02/15/2034
65‌
63‌
5.00%,
05/15/2033
160‌
157‌
Public
Service
Co
of
Colorado
1.88%,
06/15/2031
45‌
36‌
2.70%,
01/15/2051
95‌
55‌
5.35%,
05/15/2034
385‌
381‌
Public
Service
Co
of
Oklahoma
5.25%,
01/15/2033
160‌
156‌
Public
Service
Electric
and
Gas
Co
3.15%,
01/01/2050
155‌
106‌
3.65%,
09/01/2028
200‌
190‌
3.80%,
03/01/2046
570‌
445‌
5.45%,
08/01/2053
155‌
152‌
Public
Service
Enterprise
Group
Inc
0.80%,
08/15/2025
320‌
302‌
5.88%,
10/15/2028
160‌
163‌
6.13%,
10/15/2033
160‌
166‌
Puget
Sound
Energy
Inc
2.89%,
09/15/2051
170‌
105‌
San
Diego
Gas
&
Electric
Co
1.70%,
10/01/2030
150‌
122‌
3.32%,
04/15/2050
155‌
105‌
3.70%,
03/15/2052
65‌
47‌
4.50%,
08/15/2040
50‌
44‌
Sempra
4.00%,
02/01/2048
70‌
53‌
Southern
California
Edison
Co
2.25%,
06/01/2030
155‌
130‌
2.85%,
08/01/2029
100‌
89‌
3.45%,
02/01/2052
65‌
44‌
3.65%,
02/01/2050
640‌
457‌
4.00%,
04/01/2047
450‌
345‌
4.70%,
06/01/2027
135‌
133‌
4.88%,
02/01/2027
135‌
134‌
5.30%,
03/01/2028
160‌
160‌
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
16
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
Southern
California
Edison
Co  
(continued)
5.45%,
06/01/2031
$
65‌
$
65‌
5.50%,
03/15/2040
350‌
339‌
5.65%,
10/01/2028
160‌
163‌
5.70%,
03/01/2053
160‌
156‌
5.85%,
11/01/2027
155‌
158‌
5.95%,
02/01/2038
30‌
30‌
Southern
Co/The
1.75%,
03/15/2028
60‌
53‌
3.75%,
09/15/2051
(f)
40‌
37‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.92%
4.00%,
01/15/2051
(f)
150‌
145‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.73%
5.15%,
10/06/2025
495‌
493‌
5.20%,
06/15/2033
160‌
157‌
5.50%,
03/15/2029
160‌
162‌
5.70%,
10/15/2032
665‌
677‌
Southern
Power
Co
0.90%,
01/15/2026
10‌
9‌
4.95%,
12/15/2046
35‌
30‌
Southwestern
Electric
Power
Co
4.10%,
09/15/2028
500‌
474‌
Southwestern
Public
Service
Co
4.50%,
08/15/2041
150‌
125‌
Tampa
Electric
Co
3.45%,
03/15/2051
100‌
68‌
Tucson
Electric
Power
Co
1.50%,
08/01/2030
105‌
84‌
3.25%,
05/01/2051
60‌
39‌
Union
Electric
Co
2.15%,
03/15/2032
60‌
48‌
2.63%,
03/15/2051
130‌
77‌
5.45%,
03/15/2053
160‌
154‌
Virginia
Electric
and
Power
Co
2.30%,
11/15/2031
65‌
53‌
2.45%,
12/15/2050
145‌
82‌
2.95%,
11/15/2051
120‌
75‌
3.75%,
05/15/2027
40‌
39‌
5.45%,
04/01/2053
310‌
297‌
8.88%,
11/15/2038
225‌
292‌
WEC
Energy
Group
Inc
1.38%,
10/15/2027
130‌
115‌
2.20%,
12/15/2028
60‌
53‌
4.75%,
01/09/2026
160‌
158‌
5.00%,
09/27/2025
75‌
74‌
Wisconsin
Electric
Power
Co
4.75%,
09/30/2032
360‌
351‌
Xcel
Energy
Inc
1.75%,
03/15/2027
15‌
14‌
2.60%,
12/01/2029
140‌
122‌
4.60%,
06/01/2032
40‌
37‌
$
40,706‌
Electrical
Components
&
Equipment
-
0
.04
%
Emerson
Electric
Co
0.88%,
10/15/2026
225‌
204‌
2.20%,
12/21/2031
820‌
680‌
$
884‌
Electronics
-
0
.09
%
Fortive
Corp
3.15%,
06/15/2026
100‌
96‌
Honeywell
International
Inc
1.10%,
03/01/2027
60‌
54‌
1.35%,
06/01/2025
80‌
77‌
1.75%,
09/01/2031
60‌
49‌
1.95%,
06/01/2030
450‌
381‌
3.81%,
11/21/2047
100‌
78‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electronics
(continued)
Honeywell
International
Inc  
(continued)
4.25%,
01/15/2029
$
160‌
$
156‌
5.00%,
02/15/2033
500‌
499‌
5.00%,
03/01/2035
125‌
123‌
5.25%,
03/01/2054
125‌
121‌
Jabil
Inc
1.70%,
04/15/2026
60‌
56‌
Tyco
Electronics
Group
SA
7.13%,
10/01/2037
37‌
42‌
$
1,732‌
Entertainment
-
0
.08
%
Warnermedia
Holdings
Inc
3.76%,
03/15/2027
130‌
123‌
4.05%,
03/15/2029
130‌
120‌
4.28%,
03/15/2032
195‌
171‌
5.05%,
03/15/2042
430‌
355‌
5.14%,
03/15/2052
740‌
584‌
5.39%,
03/15/2062
215‌
169‌
$
1,522‌
Environmental
Control
-
0
.20
%
Republic
Services
Inc
1.75%,
02/15/2032
635‌
497‌
2.30%,
03/01/2030
685‌
589‌
3.38%,
11/15/2027
385‌
364‌
5.00%,
04/01/2034
320‌
312‌
Waste
Connections
Inc
2.20%,
01/15/2032
120‌
97‌
4.20%,
01/15/2033
735‌
680‌
Waste
Management
Inc
0.75%,
11/15/2025
210‌
197‌
2.00%,
06/01/2029
60‌
52‌
2.50%,
11/15/2050
75‌
45‌
3.15%,
11/15/2027
790‌
745‌
4.15%,
04/15/2032
100‌
94‌
4.63%,
02/15/2033
160‌
154‌
4.88%,
02/15/2029
310‌
309‌
$
4,135‌
Federal
&
Federally
Sponsored
Credit
-
0
.08
%
Federal
Farm
Credit
Banks
Funding
Corp
4.38%,
06/23/2026
475‌
470‌
4.50%,
08/14/2026
630‌
626‌
5.13%,
10/10/2025
475‌
476‌
$
1,572‌
Finance
-
Mortgage
Loan/Banker
-
0
.45
%
Fannie
Mae
0.50%,
11/07/2025
535‌
502‌
0.75%,
10/08/2027
270‌
237‌
0.88%,
08/05/2030
710‌
568‌
2.13%,
04/24/2026
700‌
665‌
5.63%,
07/15/2037
65‌
70‌
6.25%,
05/15/2029
750‌
806‌
6.63%,
11/15/2030
230‌
255‌
7.13%,
01/15/2030
250‌
281‌
7.25%,
05/15/2030
249‌
283‌
Federal
Home
Loan
Banks
0.38%,
09/04/2025
150‌
142‌
1.25%,
12/21/2026
450‌
413‌
3.25%,
11/16/2028
950‌
902‌
4.00%,
06/30/2028
400‌
392‌
4.13%,
01/15/2027
265‌
262‌
4.63%,
06/06/2025
480‌
477‌
4.63%,
11/17/2026
275‌
275‌
4.75%,
04/09/2027
375‌
376‌
5.50%,
07/15/2036
370‌
397‌
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
17
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Finance
-
Mortgage
Loan/Banker
(continued)
Freddie
Mac
0.38%,
09/23/2025
$
1,040‌
$
979‌
6.25%,
07/15/2032
280‌
311‌
6.75%,
03/15/2031
543‌
610‌
$
9,203‌
Food
-
0
.40
%
Campbell
Soup
Co
4.15%,
03/15/2028
185‌
178‌
Conagra
Brands
Inc
1.38%,
11/01/2027
100‌
88‌
4.60%,
11/01/2025
600‌
592‌
4.85%,
11/01/2028
140‌
137‌
5.30%,
11/01/2038
85‌
80‌
5.40%,
11/01/2048
445‌
408‌
General
Mills
Inc
2.25%,
10/14/2031
775‌
636‌
4.95%,
03/29/2033
160‌
155‌
5.50%,
10/17/2028
160‌
162‌
Hershey
Co/The
2.65%,
06/01/2050
185‌
115‌
J
M
Smucker
Co/The
2.13%,
03/15/2032
60‌
48‌
5.90%,
11/15/2028
245‌
251‌
6.50%,
11/15/2043
235‌
248‌
JBS
USA
Holding
Lux
Sarl/
JBS
USA
Food
Co/
JBS
Lux
Co
Sarl
5.13%,
02/01/2028
265‌
260‌
5.75%,
04/01/2033
265‌
261‌
6.50%,
12/01/2052
265‌
266‌
6.75%,
03/15/2034
(e)
160‌
168‌
Kellanova
2.10%,
06/01/2030
155‌
130‌
Koninklijke
Ahold
Delhaize
NV
5.70%,
10/01/2040
9‌
9‌
Kraft
Heinz
Foods
Co
3.00%,
06/01/2026
200‌
191‌
4.38%,
06/01/2046
235‌
193‌
4.88%,
10/01/2049
200‌
175‌
5.00%,
06/04/2042
200‌
182‌
5.20%,
07/15/2045
170‌
157‌
6.50%,
02/09/2040
200‌
214‌
Kroger
Co/The
1.70%,
01/15/2031
60‌
48‌
3.70%,
08/01/2027
700‌
672‌
4.45%,
02/01/2047
345‌
286‌
5.15%,
08/01/2043
300‌
277‌
5.40%,
07/15/2040
30‌
29‌
McCormick
&
Co
Inc/MD
0.90%,
02/15/2026
60‌
56‌
1.85%,
02/15/2031
60‌
48‌
Mondelez
International
Inc
1.50%,
02/04/2031
165‌
131‌
2.63%,
03/17/2027
65‌
61‌
2.63%,
09/04/2050
165‌
99‌
Sysco
Corp
2.45%,
12/14/2031
115‌
95‌
4.85%,
10/01/2045
250‌
221‌
5.75%,
01/17/2029
145‌
148‌
Tyson
Foods
Inc
3.55%,
06/02/2027
75‌
71‌
4.55%,
06/02/2047
700‌
564‌
$
8,110‌
Forest
Products
&
Paper
-
0
.02
%
Georgia-Pacific
LLC
7.75%,
11/15/2029
20‌
22‌
Suzano
Austria
GmbH
2.50%,
09/15/2028
75‌
65‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Forest
Products
&
Paper
(continued)
Suzano
International
Finance
BV
5.50%,
01/17/2027
$
300‌
$
297‌
$
384‌
Gas
-
0
.17
%
Atmos
Energy
Corp
1.50%,
01/15/2031
150‌
120‌
3.38%,
09/15/2049
145‌
101‌
4.13%,
10/15/2044
140‌
116‌
5.75%,
10/15/2052
410‌
418‌
5.90%,
11/15/2033
160‌
167‌
6.20%,
11/15/2053
120‌
130‌
CenterPoint
Energy
Resources
Corp
1.75%,
10/01/2030
150‌
122‌
4.40%,
07/01/2032
70‌
65‌
5.25%,
03/01/2028
160‌
160‌
NiSource
Inc
0.95%,
08/15/2025
320‌
303‌
3.60%,
05/01/2030
640‌
584‌
4.80%,
02/15/2044
210‌
183‌
5.00%,
06/15/2052
(a)
135‌
120‌
5.25%,
03/30/2028
65‌
65‌
5.40%,
06/30/2033
160‌
158‌
5.65%,
02/01/2045
250‌
241‌
Southern
California
Gas
Co
2.55%,
02/01/2030
155‌
135‌
5.75%,
06/01/2053
160‌
158‌
Southern
Co
Gas
Capital
Corp
1.75%,
01/15/2031
160‌
129‌
3.15%,
09/30/2051
60‌
38‌
$
3,513‌
Hand
&
Machine
Tools
-
0
.03
%
Stanley
Black
&
Decker
Inc
2.30%,
03/15/2030
700‌
591‌
2.75%,
11/15/2050
85‌
49‌
$
640‌
Healthcare
-
Products
-
0
.36
%
Abbott
Laboratories
4.75%,
04/15/2043
300‌
280‌
4.90%,
11/30/2046
210‌
198‌
Agilent
Technologies
Inc
2.10%,
06/04/2030
155‌
130‌
2.30%,
03/12/2031
60‌
50‌
Baxter
International
Inc
1.73%,
04/01/2031
85‌
67‌
1.92%,
02/01/2027
270‌
246‌
2.27%,
12/01/2028
665‌
582‌
2.54%,
02/01/2032
380‌
309‌
3.13%,
12/01/2051
260‌
163‌
Boston
Scientific
Corp
1.90%,
06/01/2025
155‌
150‌
Danaher
Corp
2.60%,
10/01/2050
(a)
150‌
91‌
DH
Europe
Finance
II
Sarl
2.60%,
11/15/2029
150‌
133‌
3.25%,
11/15/2039
150‌
118‌
GE
HealthCare
Technologies
Inc
5.60%,
11/15/2025
155‌
155‌
5.65%,
11/15/2027
155‌
157‌
5.86%,
03/15/2030
155‌
159‌
5.91%,
11/22/2032
155‌
160‌
6.38%,
11/22/2052
155‌
168‌
Koninklijke
Philips
NV
5.00%,
03/15/2042
30‌
27‌
Medtronic
Global
Holdings
SCA
4.25%,
03/30/2028
160‌
156‌
Medtronic
Inc
4.38%,
03/15/2035
200‌
187‌
4.63%,
03/15/2045
286‌
258‌
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
18
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Healthcare
-
Products
(continued)
Revvity
Inc
1.90%,
09/15/2028
$
45‌
$
39‌
Stryker
Corp
1.95%,
06/15/2030
600‌
503‌
3.38%,
11/01/2025
800‌
777‌
4.38%,
05/15/2044
25‌
21‌
4.63%,
03/15/2046
100‌
88‌
4.85%,
12/08/2028
135‌
133‌
Thermo
Fisher
Scientific
Inc
2.00%,
10/15/2031
65‌
53‌
2.60%,
10/01/2029
145‌
129‌
2.80%,
10/15/2041
650‌
463‌
4.80%,
11/21/2027
155‌
154‌
5.09%,
08/10/2033
300‌
298‌
5.40%,
08/10/2043
150‌
150‌
Zimmer
Biomet
Holdings
Inc
2.60%,
11/24/2031
610‌
505‌
$
7,257‌
Healthcare
-
Services
-
0
.55
%
Advocate
Health
&
Hospitals
Corp
3.83%,
08/15/2028
300‌
286‌
Aetna
Inc
3.88%,
08/15/2047
60‌
44‌
6.75%,
12/15/2037
205‌
222‌
Baylor
Scott
&
White
Holdings
4.19%,
11/15/2045
125‌
107‌
Centene
Corp
4.63%,
12/15/2029
600‌
565‌
Elevance
Health
Inc
1.50%,
03/15/2026
60‌
56‌
3.13%,
05/15/2050
75‌
50‌
3.60%,
03/15/2051
60‌
43‌
4.10%,
03/01/2028
255‌
246‌
4.65%,
01/15/2043
660‌
583‌
4.75%,
02/15/2033
160‌
153‌
5.38%,
06/15/2034
130‌
130‌
5.65%,
06/15/2054
130‌
128‌
6.10%,
10/15/2052
155‌
162‌
HCA
Inc
2.38%,
07/15/2031
60‌
49‌
3.38%,
03/15/2029
135‌
123‌
3.50%,
09/01/2030
680‌
608‌
3.50%,
07/15/2051
260‌
173‌
4.38%,
03/15/2042
65‌
53‌
5.20%,
06/01/2028
160‌
159‌
5.25%,
06/15/2026
545‌
542‌
5.45%,
04/01/2031
65‌
65‌
5.50%,
06/01/2033
160‌
158‌
5.50%,
06/15/2047
240‌
223‌
5.60%,
04/01/2034
130‌
129‌
6.00%,
04/01/2054
200‌
196‌
Humana
Inc
1.35%,
02/03/2027
180‌
162‌
2.15%,
02/03/2032
60‌
47‌
3.13%,
08/15/2029
175‌
158‌
4.95%,
10/01/2044
320‌
280‌
5.50%,
03/15/2053
160‌
149‌
Laboratory
Corp
of
America
Holdings
4.70%,
02/01/2045
500‌
439‌
Providence
St
Joseph
Health
Obligated
Group
3.74%,
10/01/2047
250‌
188‌
Quest
Diagnostics
Inc
2.95%,
06/30/2030
155‌
137‌
UnitedHealth
Group
Inc
1.25%,
01/15/2026
155‌
146‌
2.30%,
05/15/2031
60‌
50‌
2.75%,
05/15/2040
155‌
111‌
2.88%,
08/15/2029
150‌
135‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Healthcare
-
Services
(continued)
UnitedHealth
Group
Inc  
(continued)
2.90%,
05/15/2050
$
155‌
$
100‌
3.05%,
05/15/2041
660‌
487‌
3.10%,
03/15/2026
400‌
386‌
3.25%,
05/15/2051
435‌
298‌
3.45%,
01/15/2027
100‌
96‌
3.50%,
08/15/2039
125‌
101‌
3.70%,
05/15/2027
65‌
63‌
4.25%,
04/15/2047
320‌
268‌
4.25%,
06/15/2048
110‌
91‌
4.45%,
12/15/2048
95‌
81‌
4.60%,
04/15/2027
210‌
208‌
4.70%,
04/15/2029
105‌
104‌
4.75%,
05/15/2052
65‌
58‌
4.90%,
04/15/2031
210‌
207‌
5.00%,
04/15/2034
210‌
206‌
5.20%,
04/15/2063
320‌
297‌
5.50%,
04/15/2064
210‌
203‌
5.88%,
02/15/2053
310‌
321‌
6.88%,
02/15/2038
200‌
228‌
$
11,058‌
Home
Builders
-
0
.01
%
DR
Horton
Inc
1.30%,
10/15/2026
60‌
54‌
1.40%,
10/15/2027
(a)
150‌
133‌
$
187‌
Home
Furnishings
-
0
.01
%
Leggett
&
Platt
Inc
4.40%,
03/15/2029
250‌
226‌
Insurance
-
0
.62
%
Aflac
Inc
1.13%,
03/15/2026
60‌
56‌
Allstate
Corp/The
0.75%,
12/15/2025
170‌
158‌
1.45%,
12/15/2030
170‌
134‌
5.25%,
03/30/2033
290‌
288‌
American
International
Group
Inc
4.38%,
06/30/2050
100‌
83‌
4.80%,
07/10/2045
700‌
634‌
5.13%,
03/27/2033
105‌
103‌
5.75%,
04/01/2048
(f)
200‌
196‌
3
Month
USD
LIBOR
+
2.87%
Aon
Corp
2.80%,
05/15/2030
155‌
135‌
Aon
Corp
/
Aon
Global
Holdings
PLC
2.60%,
12/02/2031
50‌
42‌
2.85%,
05/28/2027
65‌
61‌
2.90%,
08/23/2051
60‌
37‌
5.00%,
09/12/2032
520‌
505‌
5.35%,
02/28/2033
160‌
158‌
Aon
North
America
Inc
5.13%,
03/01/2027
125‌
125‌
5.15%,
03/01/2029
190‌
189‌
5.45%,
03/01/2034
125‌
124‌
5.75%,
03/01/2054
65‌
64‌
Arch
Capital
Finance
LLC
5.03%,
12/15/2046
45‌
40‌
Athene
Holding
Ltd
4.13%,
01/12/2028
575‌
553‌
6.25%,
04/01/2054
125‌
125‌
Berkshire
Hathaway
Finance
Corp
2.50%,
01/15/2051
90‌
54‌
2.85%,
10/15/2050
100‌
64‌
3.85%,
03/15/2052
440‌
338‌
4.20%,
08/15/2048
180‌
152‌
4.30%,
05/15/2043
235‌
208‌
5.75%,
01/15/2040
25‌
27‌
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
19
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Insurance
(continued)
Brown
&
Brown
Inc
4.50%,
03/15/2029
$
300‌
$
289‌
Chubb
Corp/The
6.00%,
05/11/2037
350‌
369‌
Chubb
INA
Holdings
LLC
2.85%,
12/15/2051
30‌
19‌
3.05%,
12/15/2061
200‌
127‌
4.35%,
11/03/2045
400‌
345‌
CNA
Financial
Corp
2.05%,
08/15/2030
160‌
132‌
Corebridge
Financial
Inc
3.85%,
04/05/2029
65‌
61‌
3.90%,
04/05/2032
390‌
348‌
6.05%,
09/15/2033
(e)
160‌
164‌
Equitable
Holdings
Inc
4.35%,
04/20/2028
140‌
134‌
5.00%,
04/20/2048
90‌
80‌
Hartford
Financial
Services
Group
Inc/The
2.90%,
09/15/2051
195‌
122‌
Markel
Group
Inc
3.45%,
05/07/2052
75‌
50‌
Marsh
&
McLennan
Cos
Inc
2.38%,
12/15/2031
295‌
243‌
4.38%,
03/15/2029
440‌
429‌
4.90%,
03/15/2049
110‌
99‌
5.40%,
09/15/2033
160‌
162‌
5.70%,
09/15/2053
160‌
161‌
6.25%,
11/01/2052
155‌
167‌
MetLife
Inc
4.13%,
08/13/2042
250‌
207‌
4.60%,
05/13/2046
195‌
170‌
4.88%,
11/13/2043
50‌
46‌
5.25%,
01/15/2054
160‌
153‌
5.38%,
07/15/2033
160‌
161‌
5.70%,
06/15/2035
600‌
613‌
Progressive
Corp/The
3.70%,
03/15/2052
210‌
157‌
4.35%,
04/25/2044
30‌
26‌
4.95%,
06/15/2033
160‌
158‌
Prudential
Financial
Inc
3.70%,
10/01/2050
(f)
160‌
138‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.04%
3.70%,
03/13/2051
785‌
572‌
5.70%,
09/15/2048
(f)
520‌
509‌
3
Month
USD
LIBOR
+
2.67%
Travelers
Cos
Inc/The
3.05%,
06/08/2051
90‌
60‌
4.00%,
05/30/2047
175‌
142‌
5.45%,
05/25/2053
200‌
200‌
6.25%,
06/15/2037
650‌
699‌
W
R
Berkley
Corp
4.00%,
05/12/2050
75‌
57‌
Willis
North
America
Inc
2.95%,
09/15/2029
50‌
44‌
3.88%,
09/15/2049
140‌
101‌
5.35%,
05/15/2033
160‌
156‌
$
12,523‌
Internet
-
0
.34
%
Alibaba
Group
Holding
Ltd
3.15%,
02/09/2051
(a)
200‌
130‌
3.40%,
12/06/2027
860‌
811‌
4.20%,
12/06/2047
200‌
161‌
Alphabet
Inc
1.90%,
08/15/2040
160‌
104‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Internet
(continued)
Amazon.com
Inc
2.10%,
05/12/2031
$
210‌
$
176‌
2.50%,
06/03/2050
285‌
173‌
2.88%,
05/12/2041
210‌
155‌
3.10%,
05/12/2051
210‌
143‌
3.15%,
08/22/2027
600‌
569‌
3.30%,
04/13/2027
180‌
172‌
3.88%,
08/22/2037
300‌
263‌
3.95%,
04/13/2052
540‌
433‌
4.05%,
08/22/2047
500‌
418‌
4.25%,
08/22/2057
75‌
62‌
4.60%,
12/01/2025
455‌
452‌
4.70%,
12/01/2032
420‌
413‌
Booking
Holdings
Inc
3.60%,
06/01/2026
200‌
194‌
eBay
Inc
2.60%,
05/10/2031
360‌
306‌
3.65%,
05/10/2051
400‌
285‌
4.00%,
07/15/2042
20‌
16‌
5.95%,
11/22/2027
155‌
159‌
Expedia
Group
Inc
2.95%,
03/15/2031
13‌
11‌
Meta
Platforms
Inc
3.85%,
08/15/2032
135‌
125‌
4.45%,
08/15/2052
750‌
641‌
4.80%,
05/15/2030
100‌
100‌
4.95%,
05/15/2033
160‌
160‌
5.60%,
05/15/2053
320‌
324‌
$
6,956‌
Iron
&
Steel
-
0
.04
%
Nucor
Corp
2.00%,
06/01/2025
155‌
150‌
3.13%,
04/01/2032
65‌
56‌
4.30%,
05/23/2027
65‌
63‌
Steel
Dynamics
Inc
1.65%,
10/15/2027
65‌
58‌
2.40%,
06/15/2025
40‌
39‌
Vale
Overseas
Ltd
6.13%,
06/12/2033
320‌
321‌
6.88%,
11/10/2039
125‌
132‌
$
819‌
Leisure
Products
&
Services
-
0
.01
%
Harley-Davidson
Inc
3.50%,
07/28/2025
300‌
292‌
Lodging
-
0
.05
%
Marriott
International
Inc/MD
2.85%,
04/15/2031
510‌
433‌
5.00%,
10/15/2027
275‌
274‌
5.55%,
10/15/2028
315‌
318‌
$
1,025‌
Machinery
-
Construction
&
Mining
-
0
.07
%
Caterpillar
Financial
Services
Corp
0.80%,
11/13/2025
65‌
61‌
1.10%,
09/14/2027
120‌
106‌
1.15%,
09/14/2026
60‌
55‌
3.65%,
08/12/2025
65‌
64‌
4.35%,
05/15/2026
160‌
158‌
4.50%,
01/08/2027
135‌
133‌
5.00%,
05/14/2027
130‌
130‌
Caterpillar
Inc
2.60%,
04/09/2030
160‌
141‌
3.25%,
09/19/2049
145‌
103‌
3.80%,
08/15/2042
550‌
448‌
$
1,399‌
Machinery
-
Diversified
-
0
.16
%
CNH
Industrial
Capital
LLC
1.88%,
01/15/2026
150‌
142‌
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
20
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Machinery
-
Diversified
(continued)
Dover
Corp
5.38%,
03/01/2041
$
30‌
$
29‌
Ingersoll
Rand
Inc
5.20%,
06/15/2027
130‌
130‌
5.31%,
06/15/2031
130‌
130‌
John
Deere
Capital
Corp
0.70%,
01/15/2026
225‌
210‌
1.05%,
06/17/2026
60‌
55‌
1.50%,
03/06/2028
60‌
53‌
2.00%,
06/17/2031
(a)
55‌
45‌
2.35%,
03/08/2027
(a)
65‌
61‌
2.80%,
07/18/2029
115‌
104‌
3.40%,
06/06/2025
70‌
69‌
4.15%,
09/15/2027
155‌
151‌
4.35%,
09/15/2032
345‌
329‌
4.50%,
01/08/2027
135‌
133‌
4.75%,
06/08/2026
320‌
318‌
4.90%,
03/07/2031
125‌
124‌
4.95%,
07/14/2028
160‌
160‌
5.10%,
04/11/2034
300‌
298‌
Otis
Worldwide
Corp
2.57%,
02/15/2030
155‌
135‌
3.36%,
02/15/2050
155‌
109‌
Rockwell
Automation
Inc
1.75%,
08/15/2031
40‌
32‌
2.80%,
08/15/2061
60‌
34‌
Westinghouse
Air
Brake
Technologies
Corp
4.70%,
09/15/2028
300‌
293‌
$
3,144‌
Media
-
0
.67
%
Charter
Communications
Operating
LLC
/
Charter
Communications
Operating
Capital
2.25%,
01/15/2029
120‌
102‌
2.30%,
02/01/2032
250‌
192‌
2.80%,
04/01/2031
110‌
90‌
3.50%,
06/01/2041
115‌
77‌
3.70%,
04/01/2051
110‌
67‌
3.85%,
04/01/2061
335‌
197‌
3.90%,
06/01/2052
60‌
38‌
4.40%,
12/01/2061
30‌
20‌
4.80%,
03/01/2050
600‌
442‌
4.91%,
07/23/2025
178‌
176‌
5.38%,
04/01/2038
50‌
43‌
5.38%,
05/01/2047
240‌
193‌
5.75%,
04/01/2048
280‌
236‌
6.15%,
11/10/2026
140‌
141‌
6.38%,
10/23/2035
500‌
488‌
6.48%,
10/23/2045
395‌
365‌
6.55%,
06/01/2034
130‌
130‌
Comcast
Corp
1.50%,
02/15/2031
160‌
127‌
2.35%,
01/15/2027
155‌
145‌
2.45%,
08/15/2052
160‌
90‌
2.65%,
02/01/2030
115‌
101‌
2.65%,
08/15/2062
160‌
87‌
2.94%,
11/01/2056
390‌
234‌
2.99%,
11/01/2063
409‌
239‌
3.15%,
03/01/2026
75‌
73‌
3.25%,
11/01/2039
230‌
176‌
3.38%,
08/15/2025
175‌
171‌
3.55%,
05/01/2028
685‌
648‌
3.90%,
03/01/2038
160‌
135‌
3.97%,
11/01/2047
105‌
82‌
4.00%,
03/01/2048
210‌
165‌
4.40%,
08/15/2035
245‌
225‌
4.55%,
01/15/2029
520‌
510‌
4.70%,
10/15/2048
300‌
266‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Media
(continued)
Comcast
Corp  
(continued)
4.80%,
05/15/2033
(a)
$
365‌
$
353‌
5.10%,
06/01/2029
(a)
345‌
345‌
5.25%,
11/07/2025
185‌
185‌
5.30%,
06/01/2034
345‌
345‌
5.50%,
11/15/2032
325‌
331‌
5.65%,
06/01/2054
295‌
293‌
Discovery
Communications
LLC
3.63%,
05/15/2030
60‌
53‌
3.95%,
06/15/2025
170‌
167‌
3.95%,
03/20/2028
250‌
234‌
4.00%,
09/15/2055
91‌
58‌
5.20%,
09/20/2047
200‌
161‌
Fox
Corp
5.48%,
01/25/2039
110‌
104‌
5.58%,
01/25/2049
140‌
128‌
6.50%,
10/13/2033
410‌
428‌
Paramount
Global
4.38%,
03/15/2043
400‌
274‌
4.85%,
07/01/2042
300‌
223‌
7.88%,
07/30/2030
30‌
31‌
Thomson
Reuters
Corp
5.85%,
04/15/2040
30‌
31‌
Time
Warner
Cable
Enterprises
LLC
8.38%,
07/15/2033
20‌
22‌
Time
Warner
Cable
LLC
4.50%,
09/15/2042
170‌
125‌
5.88%,
11/15/2040
260‌
225‌
6.55%,
05/01/2037
360‌
341‌
7.30%,
07/01/2038
60‌
61‌
Walt
Disney
Co/The
1.75%,
01/13/2026
935‌
885‌
2.00%,
09/01/2029
350‌
302‌
2.20%,
01/13/2028
(a)
110‌
100‌
2.65%,
01/13/2031
150‌
130‌
3.38%,
11/15/2026
170‌
163‌
3.50%,
05/13/2040
155‌
123‌
3.60%,
01/13/2051
305‌
227‌
4.70%,
03/23/2050
(a)
220‌
199‌
4.95%,
10/15/2045
125‌
116‌
6.40%,
12/15/2035
369‌
402‌
$
13,636‌
Metal
Fabrication
&
Hardware
-
0
.01
%
Precision
Castparts
Corp
3.90%,
01/15/2043
193‌
160‌
Mining
-
0
.19
%
Barrick
PD
Australia
Finance
Pty
Ltd
5.95%,
10/15/2039
410‌
414‌
BHP
Billiton
Finance
USA
Ltd
4.13%,
02/24/2042
170‌
144‌
4.88%,
02/27/2026
160‌
159‌
4.90%,
02/28/2033
160‌
156‌
5.25%,
09/08/2026
160‌
160‌
5.25%,
09/08/2030
160‌
161‌
5.50%,
09/08/2053
160‌
158‌
Freeport-McMoRan
Inc
4.38%,
08/01/2028
200‌
192‌
5.25%,
09/01/2029
700‌
699‌
Newmont
Corp
2.60%,
07/15/2032
170‌
141‌
4.88%,
03/15/2042
500‌
457‌
6.25%,
10/01/2039
100‌
106‌
Rio
Tinto
Alcan
Inc
6.13%,
12/15/2033
30‌
32‌
Rio
Tinto
Finance
USA
Ltd
2.75%,
11/02/2051
155‌
96‌
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
21
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Mining
(continued)
Rio
Tinto
Finance
USA
PLC
4.75%,
03/22/2042
$
250‌
$
231‌
5.00%,
03/09/2033
(a)
160‌
158‌
Southern
Copper
Corp
5.25%,
11/08/2042
200‌
185‌
5.88%,
04/23/2045
110‌
109‌
$
3,758‌
Miscellaneous
Manufacturers
-
0
.12
%
3M
Co
2.38%,
08/26/2029
250‌
218‌
3.25%,
08/26/2049
100‌
68‌
Eaton
Corp
4.15%,
03/15/2033
575‌
536‌
4.15%,
11/02/2042
95‌
81‌
Illinois
Tool
Works
Inc
2.65%,
11/15/2026
90‌
85‌
Parker-Hannifin
Corp
4.25%,
09/15/2027
435‌
423‌
4.50%,
09/15/2029
435‌
422‌
Teledyne
Technologies
Inc
2.25%,
04/01/2028
60‌
54‌
Textron
Inc
4.00%,
03/15/2026
500‌
487‌
$
2,374‌
Oil
&
Gas
-
0
.76
%
BP
Capital
Markets
America
Inc
1.75%,
08/10/2030
205‌
169‌
2.72%,
01/12/2032
30‌
25‌
2.94%,
06/04/2051
750‌
478‌
3.00%,
02/24/2050
155‌
101‌
3.00%,
03/17/2052
60‌
39‌
3.06%,
06/17/2041
115‌
84‌
3.12%,
05/04/2026
110‌
106‌
3.41%,
02/11/2026
700‌
679‌
3.54%,
04/06/2027
215‌
206‌
3.59%,
04/14/2027
400‌
384‌
4.70%,
04/10/2029
270‌
266‌
4.81%,
02/13/2033
160‌
155‌
4.89%,
09/11/2033
160‌
155‌
4.97%,
10/17/2029
130‌
129‌
4.99%,
04/10/2034
135‌
131‌
5.23%,
11/17/2034
130‌
129‌
BP
Capital
Markets
PLC
3.28%,
09/19/2027
115‌
109‌
Canadian
Natural
Resources
Ltd
2.05%,
07/15/2025
750‌
720‌
4.95%,
06/01/2047
300‌
263‌
6.25%,
03/15/2038
300‌
308‌
Cenovus
Energy
Inc
6.75%,
11/15/2039
40‌
43‌
Chevron
Corp
2.00%,
05/11/2027
155‌
143‌
Chevron
USA
Inc
2.34%,
08/12/2050
160‌
93‌
ConocoPhillips
Co
3.80%,
03/15/2052
345‌
258‌
4.03%,
03/15/2062
440‌
331‌
5.05%,
09/15/2033
315‌
311‌
5.55%,
03/15/2054
155‌
153‌
Devon
Energy
Corp
5.00%,
06/15/2045
75‌
65‌
5.60%,
07/15/2041
380‌
357‌
Diamondback
Energy
Inc
3.25%,
12/01/2026
110‌
105‌
5.15%,
01/30/2030
95‌
94‌
5.20%,
04/18/2027
55‌
55‌
5.40%,
04/18/2034
200‌
197‌
5.75%,
04/18/2054
150‌
145‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Oil
&
Gas
(continued)
Equinor
ASA
2.38%,
05/22/2030
$
250‌
$
217‌
3.00%,
04/06/2027
155‌
147‌
3.25%,
11/18/2049
445‌
312‌
3.63%,
04/06/2040
155‌
126‌
Exxon
Mobil
Corp
2.44%,
08/16/2029
100‌
89‌
3.00%,
08/16/2039
80‌
61‌
3.45%,
04/15/2051
230‌
166‌
3.57%,
03/06/2045
340‌
260‌
4.23%,
03/19/2040
315‌
278‌
Hess
Corp
4.30%,
04/01/2027
300‌
292‌
7.13%,
03/15/2033
21‌
24‌
7.30%,
08/15/2031
109‌
122‌
Marathon
Oil
Corp
4.40%,
07/15/2027
300‌
293‌
Marathon
Petroleum
Corp
5.00%,
09/15/2054
200‌
170‌
Occidental
Petroleum
Corp
6.45%,
09/15/2036
320‌
333‌
6.63%,
09/01/2030
320‌
334‌
Phillips
66
1.30%,
02/15/2026
30‌
28‌
2.15%,
12/15/2030
110‌
91‌
4.65%,
11/15/2034
560‌
519‌
4.88%,
11/15/2044
350‌
314‌
5.88%,
05/01/2042
30‌
30‌
Phillips
66
Co
4.90%,
10/01/2046
270‌
238‌
4.95%,
12/01/2027
160‌
159‌
Pioneer
Natural
Resources
Co
1.13%,
01/15/2026
55‌
52‌
1.90%,
08/15/2030
160‌
134‌
2.15%,
01/15/2031
55‌
46‌
Shell
International
Finance
BV
2.88%,
05/10/2026
155‌
149‌
2.88%,
11/26/2041
120‌
86‌
4.00%,
05/10/2046
360‌
290‌
4.13%,
05/11/2035
130‌
119‌
4.38%,
05/11/2045
325‌
279‌
4.55%,
08/12/2043
340‌
303‌
Suncor
Energy
Inc
3.75%,
03/04/2051
60‌
43‌
4.00%,
11/15/2047
100‌
75‌
6.50%,
06/15/2038
140‌
147‌
6.80%,
05/15/2038
140‌
150‌
6.85%,
06/01/2039
73‌
78‌
TotalEnergies
Capital
International
SA
2.99%,
06/29/2041
115‌
84‌
3.13%,
05/29/2050
155‌
105‌
3.39%,
06/29/2060
115‌
77‌
TotalEnergies
Capital
SA
5.15%,
04/05/2034
235‌
234‌
5.49%,
04/05/2054
235‌
232‌
Valero
Energy
Corp
2.80%,
12/01/2031
740‌
625‌
4.00%,
06/01/2052
525‌
386‌
6.63%,
06/15/2037
60‌
64‌
7.50%,
04/15/2032
60‌
68‌
$
15,415‌
Oil
&
Gas
Services
-
0
.08
%
Baker
Hughes
Holdings
LLC
/
Baker
Hughes
Co-
Obligor
Inc
2.06%,
12/15/2026
60‌
56‌
3.14%,
11/07/2029
150‌
136‌
3.34%,
12/15/2027
135‌
127‌
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
22
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Oil
&
Gas
Services
(continued)
Halliburton
Co
3.80%,
11/15/2025
$
6‌
$
6‌
4.50%,
11/15/2041
400‌
346‌
5.00%,
11/15/2045
230‌
211‌
7.45%,
09/15/2039
386‌
458‌
NOV
Inc
3.60%,
12/01/2029
150‌
137‌
Schlumberger
Investment
SA
2.65%,
06/26/2030
160‌
140‌
$
1,617‌
Packaging
&
Containers
-
0
.03
%
Packaging
Corp
of
America
3.05%,
10/01/2051
200‌
131‌
WRKCo
Inc
3.00%,
06/15/2033
80‌
67‌
4.65%,
03/15/2026
500‌
492‌
$
690‌
Pharmaceuticals
-
1
.41
%
AbbVie
Inc
2.95%,
11/21/2026
300‌
285‌
3.20%,
11/21/2029
820‌
748‌
4.05%,
11/21/2039
375‌
324‌
4.25%,
11/14/2028
140‌
136‌
4.25%,
11/21/2049
175‌
145‌
4.40%,
11/06/2042
25‌
22‌
4.45%,
05/14/2046
270‌
234‌
4.55%,
03/15/2035
170‌
160‌
4.80%,
03/15/2027
255‌
253‌
4.80%,
03/15/2029
255‌
253‌
4.85%,
06/15/2044
645‌
595‌
4.88%,
11/14/2048
440‌
404‌
4.95%,
03/15/2031
190‌
188‌
5.05%,
03/15/2034
95‌
94‌
5.40%,
03/15/2054
75‌
74‌
Astrazeneca
Finance
LLC
1.75%,
05/28/2028
105‌
93‌
2.25%,
05/28/2031
60‌
50‌
4.80%,
02/26/2027
130‌
129‌
4.85%,
02/26/2029
130‌
129‌
4.88%,
03/03/2028
285‌
284‌
4.88%,
03/03/2033
400‌
394‌
4.90%,
02/26/2031
130‌
129‌
AstraZeneca
PLC
0.70%,
04/08/2026
120‌
111‌
1.38%,
08/06/2030
350‌
284‌
3.00%,
05/28/2051
45‌
30‌
4.38%,
08/17/2048
60‌
52‌
6.45%,
09/15/2037
30‌
33‌
Becton
Dickinson
&
Co
1.96%,
02/11/2031
60‌
49‌
3.70%,
06/06/2027
600‌
574‌
3.79%,
05/20/2050
710‌
535‌
4.67%,
06/06/2047
155‌
135‌
4.69%,
12/15/2044
59‌
52‌
Bristol-Myers
Squibb
Co
0.75%,
11/13/2025
65‌
61‌
1.13%,
11/13/2027
120‌
105‌
1.45%,
11/13/2030
65‌
52‌
2.55%,
11/13/2050
65‌
38‌
2.95%,
03/15/2032
200‌
172‌
3.90%,
02/20/2028
130‌
125‌
4.13%,
06/15/2039
195‌
169‌
4.25%,
10/26/2049
360‌
294‌
4.35%,
11/15/2047
210‌
175‌
4.55%,
02/20/2048
171‌
147‌
4.90%,
02/22/2027
130‌
130‌
4.90%,
02/22/2029
265‌
263‌
5.20%,
02/22/2034
265‌
263‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pharmaceuticals
(continued)
Bristol-Myers
Squibb
Co  
(continued)
5.50%,
02/22/2044
$
130‌
$
129‌
5.55%,
02/22/2054
230‌
226‌
5.75%,
02/01/2031
140‌
145‌
6.40%,
11/15/2063
140‌
153‌
Cardinal
Health
Inc
3.41%,
06/15/2027
400‌
380‌
Cigna
Group/The
1.25%,
03/15/2026
75‌
70‌
2.40%,
03/15/2030
791‌
679‌
3.20%,
03/15/2040
155‌
114‌
3.40%,
03/15/2051
90‌
61‌
3.88%,
10/15/2047
55‌
42‌
4.38%,
10/15/2028
175‌
169‌
4.80%,
08/15/2038
870‌
795‌
5.13%,
05/15/2031
265‌
262‌
5.60%,
02/15/2054
130‌
125‌
CVS
Health
Corp
1.30%,
08/21/2027
160‌
141‌
1.75%,
08/21/2030
160‌
129‌
1.88%,
02/28/2031
55‌
44‌
2.70%,
08/21/2040
160‌
106‌
3.00%,
08/15/2026
105‌
100‌
3.25%,
08/15/2029
740‌
668‌
3.88%,
07/20/2025
445‌
437‌
4.78%,
03/25/2038
800‌
712‌
4.88%,
07/20/2035
510‌
474‌
5.05%,
03/25/2048
725‌
625‌
5.13%,
07/20/2045
430‌
380‌
5.25%,
02/21/2033
160‌
156‌
5.30%,
06/01/2033
160‌
156‌
5.55%,
06/01/2031
130‌
130‌
5.70%,
06/01/2034
(a)
130‌
129‌
5.88%,
06/01/2053
320‌
307‌
Eli
Lilly
&
Co
2.50%,
09/15/2060
155‌
86‌
4.15%,
03/15/2059
320‌
259‌
4.50%,
02/09/2027
130‌
129‌
4.50%,
02/09/2029
130‌
128‌
4.70%,
02/09/2034
130‌
126‌
4.88%,
02/27/2053
120‌
111‌
5.00%,
02/09/2054
130‌
123‌
GlaxoSmithKline
Capital
Inc
3.88%,
05/15/2028
140‌
135‌
6.38%,
05/15/2038
760‌
839‌
Johnson
&
Johnson
2.10%,
09/01/2040
115‌
76‌
3.70%,
03/01/2046
90‌
72‌
4.80%,
06/01/2029
520‌
521‌
4.90%,
06/01/2031
(a)
520‌
521‌
4.95%,
06/01/2034
260‌
260‌
5.95%,
08/15/2037
75‌
81‌
McKesson
Corp
0.90%,
12/03/2025
60‌
56‌
Merck
&
Co
Inc
1.70%,
06/10/2027
155‌
141‌
1.90%,
12/10/2028
70‌
62‌
2.35%,
06/24/2040
135‌
92‌
2.75%,
12/10/2051
140‌
87‌
2.90%,
12/10/2061
420‌
250‌
3.70%,
02/10/2045
600‌
470‌
5.00%,
05/17/2053
320‌
299‌
Novartis
Capital
Corp
2.75%,
08/14/2050
155‌
100‌
Pfizer
Inc
1.75%,
08/18/2031
245‌
197‌
2.55%,
05/28/2040
800‌
555‌
4.00%,
12/15/2036
45‌
40‌
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
23
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pharmaceuticals
(continued)
Pfizer
Inc  
(continued)
4.20%,
09/15/2048
$
80‌
$
66‌
4.30%,
06/15/2043
225‌
193‌
4.40%,
05/15/2044
75‌
67‌
7.20%,
03/15/2039
60‌
71‌
Pfizer
Investment
Enterprises
Pte
Ltd
4.45%,
05/19/2026
620‌
611‌
4.45%,
05/19/2028
780‌
763‌
4.65%,
05/19/2030
320‌
313‌
4.75%,
05/19/2033
480‌
464‌
5.11%,
05/19/2043
320‌
304‌
5.30%,
05/19/2053
300‌
287‌
5.34%,
05/19/2063
320‌
301‌
Takeda
Pharmaceutical
Co
Ltd
2.05%,
03/31/2030
700‌
589‌
3.18%,
07/09/2050
645‌
434‌
Utah
Acquisition
Sub
Inc
5.25%,
06/15/2046
305‌
250‌
Viatris
Inc
2.30%,
06/22/2027
115‌
104‌
2.70%,
06/22/2030
155‌
131‌
3.85%,
06/22/2040
115‌
84‌
4.00%,
06/22/2050
155‌
105‌
Wyeth
LLC
5.95%,
04/01/2037
60‌
63‌
Zoetis
Inc
2.00%,
05/15/2030
85‌
71‌
3.00%,
05/15/2050
40‌
26‌
5.40%,
11/14/2025
390‌
390‌
$
28,519‌
Pipelines
-
0
.86
%
Cheniere
Corpus
Christi
Holdings
LLC
3.70%,
11/15/2029
300‌
276‌
Cheniere
Energy
Partners
LP
5.75%,
08/15/2034
(e)
255‌
253‌
Eastern
Gas
Transmission
&
Storage
Inc
4.60%,
12/15/2044
640‌
542‌
Enbridge
Inc
1.60%,
10/04/2026
20‌
18‌
2.50%,
08/01/2033
465‌
367‌
3.13%,
11/15/2029
150‌
135‌
3.40%,
08/01/2051
45‌
30‌
4.25%,
12/01/2026
75‌
73‌
5.30%,
04/05/2029
125‌
125‌
5.70%,
03/08/2033
160‌
161‌
5.90%,
11/15/2026
265‌
268‌
5.95%,
04/05/2054
125‌
124‌
6.70%,
11/15/2053
145‌
159‌
Energy
Transfer
LP
3.75%,
05/15/2030
715‌
654‌
4.75%,
01/15/2026
500‌
494‌
5.30%,
04/15/2047
500‌
441‌
5.35%,
05/15/2045
220‌
197‌
5.55%,
05/15/2034
135‌
133‌
5.75%,
02/15/2033
155‌
155‌
6.10%,
12/01/2028
320‌
328‌
6.25%,
04/15/2049
155‌
154‌
6.40%,
12/01/2030
320‌
334‌
6.50%,
02/01/2042
370‌
384‌
Enterprise
Products
Operating
LLC
3.30%,
02/15/2053
80‌
54‌
4.25%,
02/15/2048
250‌
205‌
4.45%,
02/15/2043
350‌
301‌
4.85%,
01/31/2034
135‌
131‌
4.85%,
03/15/2044
750‌
679‌
5.05%,
01/10/2026
160‌
160‌
6.45%,
09/01/2040
490‌
529‌
6.88%,
03/01/2033
39‌
43‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pipelines
(continued)
Kinder
Morgan
Energy
Partners
LP
4.70%,
11/01/2042
$
20‌
$
17‌
5.00%,
03/01/2043
275‌
240‌
Kinder
Morgan
Inc
1.75%,
11/15/2026
60‌
55‌
2.00%,
02/15/2031
130‌
106‌
3.25%,
08/01/2050
130‌
83‌
3.60%,
02/15/2051
245‌
168‌
5.00%,
02/01/2029
135‌
133‌
5.05%,
02/15/2046
30‌
26‌
5.20%,
06/01/2033
160‌
154‌
5.40%,
02/01/2034
135‌
132‌
5.55%,
06/01/2045
500‌
469‌
MPLX
LP
1.75%,
03/01/2026
160‌
150‌
4.13%,
03/01/2027
425‌
412‌
4.25%,
12/01/2027
300‌
290‌
4.50%,
04/15/2038
200‌
174‌
5.00%,
03/01/2033
160‌
152‌
5.50%,
06/01/2034
130‌
127‌
5.50%,
02/15/2049
830‌
768‌
ONEOK
Inc
2.20%,
09/15/2025
155‌
148‌
3.40%,
09/01/2029
350‌
319‌
5.55%,
11/01/2026
189‌
189‌
6.05%,
09/01/2033
315‌
322‌
6.63%,
09/01/2053
155‌
166‌
Plains
All
American
Pipeline
LP
/
PAA
Finance
Corp
3.55%,
12/15/2029
485‌
441‌
4.70%,
06/15/2044
330‌
273‌
Sabine
Pass
Liquefaction
LLC
4.20%,
03/15/2028
645‌
622‌
5.00%,
03/15/2027
375‌
372‌
Targa
Resources
Corp
5.20%,
07/01/2027
220‌
219‌
6.13%,
03/15/2033
160‌
164‌
6.15%,
03/01/2029
145‌
149‌
6.50%,
03/30/2034
145‌
153‌
TransCanada
PipeLines
Ltd
2.50%,
10/12/2031
60‌
50‌
4.25%,
05/15/2028
300‌
289‌
4.88%,
05/15/2048
190‌
166‌
Western
Midstream
Operating
LP
6.15%,
04/01/2033
160‌
162‌
Williams
Cos
Inc/The
2.60%,
03/15/2031
160‌
135‌
3.50%,
10/15/2051
60‌
42‌
3.75%,
06/15/2027
45‌
43‌
4.00%,
09/15/2025
50‌
49‌
4.85%,
03/01/2048
350‌
302‌
4.90%,
03/15/2029
135‌
133‌
5.10%,
09/15/2045
120‌
109‌
5.30%,
08/15/2028
250‌
250‌
5.30%,
08/15/2052
65‌
60‌
5.65%,
03/15/2033
160‌
161‌
6.30%,
04/15/2040
430‌
445‌
$
17,496‌
Private
Equity
-
0
.04
%
Brookfield
Finance
Inc
2.72%,
04/15/2031
60‌
51‌
3.50%,
03/30/2051
150‌
104‌
3.90%,
01/25/2028
700‌
669‌
$
824‌
Regional
Authority
-
0
.24
%
Province
of
Alberta
Canada
1.30%,
07/22/2030
175‌
143‌
3.30%,
03/15/2028
170‌
161‌
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
24
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Regional
Authority
(continued)
Province
of
British
Columbia
Canada
0.90%,
07/20/2026
$
265‌
$
243‌
1.30%,
01/29/2031
(a)
160‌
129‌
4.20%,
07/06/2033
315‌
300‌
4.80%,
11/15/2028
140‌
140‌
6.50%,
01/15/2026
45‌
46‌
Province
of
Manitoba
Canada
1.50%,
10/25/2028
85‌
74‌
4.30%,
07/27/2033
160‌
153‌
Province
of
Ontario
Canada
0.63%,
01/21/2026
280‌
260‌
1.05%,
04/14/2026
415‌
386‌
1.13%,
10/07/2030
300‌
241‌
2.13%,
01/21/2032
340‌
282‌
3.10%,
05/19/2027
285‌
271‌
4.20%,
01/18/2029
360‌
351‌
Province
of
Quebec
Canada
0.60%,
07/23/2025
600‌
569‌
1.35%,
05/28/2030
490‌
403‌
3.63%,
04/13/2028
320‌
307‌
4.50%,
04/03/2029
250‌
247‌
4.50%,
09/08/2033
160‌
155‌
7.50%,
09/15/2029
36‌
41‌
$
4,902‌
REITs
-
1
.03
%
Alexandria
Real
Estate
Equities
Inc
1.88%,
02/01/2033
240‌
180‌
2.00%,
05/18/2032
400‌
312‌
2.75%,
12/15/2029
70‌
61‌
2.95%,
03/15/2034
65‌
52‌
3.00%,
05/18/2051
100‌
61‌
4.00%,
02/01/2050
70‌
52‌
4.90%,
12/15/2030
80‌
78‌
5.15%,
04/15/2053
160‌
141‌
American
Tower
Corp
1.30%,
09/15/2025
80‌
76‌
1.60%,
04/15/2026
60‌
56‌
1.88%,
10/15/2030
175‌
141‌
2.90%,
01/15/2030
155‌
136‌
2.95%,
01/15/2051
60‌
37‌
3.38%,
10/15/2026
500‌
477‌
3.65%,
03/15/2027
515‌
493‌
3.70%,
10/15/2049
300‌
217‌
3.95%,
03/15/2029
200‌
188‌
4.00%,
06/01/2025
330‌
325‌
5.25%,
07/15/2028
160‌
159‌
5.65%,
03/15/2033
160‌
160‌
5.90%,
11/15/2033
160‌
164‌
AvalonBay
Communities
Inc
1.90%,
12/01/2028
60‌
52‌
2.05%,
01/15/2032
60‌
49‌
2.30%,
03/01/2030
755‌
649‌
5.00%,
02/15/2033
155‌
150‌
5.35%,
06/01/2034
130‌
129‌
Boston
Properties
LP
2.55%,
04/01/2032
245‌
191‌
2.90%,
03/15/2030
600‌
508‌
3.65%,
02/01/2026
500‌
481‌
COPT
Defense
Properties
LP
2.75%,
04/15/2031
60‌
49‌
Crown
Castle
Inc
1.05%,
07/15/2026
115‌
105‌
1.35%,
07/15/2025
115‌
110‌
2.50%,
07/15/2031
60‌
49‌
2.90%,
04/01/2041
60‌
42‌
3.10%,
11/15/2029
125‌
111‌
3.25%,
01/15/2051
115‌
76‌
3.70%,
06/15/2026
600‌
579‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
REITs
(continued)
Crown
Castle
Inc  
(continued)
3.80%,
02/15/2028
$
430‌
$
406‌
4.00%,
11/15/2049
95‌
72‌
5.00%,
01/11/2028
160‌
157‌
5.10%,
05/01/2033
350‌
336‌
CubeSmart
LP
2.00%,
02/15/2031
110‌
88‌
2.25%,
12/15/2028
60‌
53‌
Digital
Realty
Trust
LP
5.55%,
01/15/2028
345‌
347‌
Equinix
Inc
1.00%,
09/15/2025
850‌
801‌
1.25%,
07/15/2025
155‌
148‌
1.80%,
07/15/2027
155‌
139‌
2.50%,
05/15/2031
460‌
382‌
3.20%,
11/18/2029
130‌
117‌
3.40%,
02/15/2052
60‌
41‌
Essex
Portfolio
LP
1.70%,
03/01/2028
60‌
52‌
3.00%,
01/15/2030
140‌
123‌
4.00%,
03/01/2029
784‌
736‌
Extra
Space
Storage
LP
2.20%,
10/15/2030
75‌
61‌
2.40%,
10/15/2031
60‌
49‌
5.40%,
02/01/2034
135‌
131‌
5.50%,
07/01/2030
160‌
160‌
Federal
Realty
OP
LP
1.25%,
02/15/2026
115‌
107‌
GLP
Capital
LP
/
GLP
Financing
II
Inc
4.00%,
01/15/2030
140‌
127‌
5.25%,
06/01/2025
400‌
397‌
Healthcare
Realty
Holdings
LP
2.00%,
03/15/2031
150‌
118‌
Healthpeak
OP
LLC
2.13%,
12/01/2028
210‌
184‌
5.25%,
12/15/2032
80‌
78‌
Kilroy
Realty
LP
2.50%,
11/15/2032
160‌
119‌
Kimco
Realty
OP
LLC
2.25%,
12/01/2031
60‌
48‌
2.70%,
10/01/2030
160‌
137‌
3.70%,
10/01/2049
30‌
21‌
4.60%,
02/01/2033
165‌
154‌
6.40%,
03/01/2034
360‌
380‌
Mid-America
Apartments
LP
5.30%,
02/15/2032
130‌
129‌
NNN
REIT
Inc
3.60%,
12/15/2026
300‌
287‌
Omega
Healthcare
Investors
Inc
4.75%,
01/15/2028
30‌
29‌
Prologis
LP
1.25%,
10/15/2030
160‌
127‌
1.75%,
07/01/2030
155‌
127‌
2.25%,
01/15/2032
60‌
49‌
2.88%,
11/15/2029
75‌
67‌
4.63%,
01/15/2033
575‌
548‌
4.88%,
06/15/2028
160‌
159‌
Public
Storage
Operating
Co
0.88%,
02/15/2026
40‌
37‌
1.85%,
05/01/2028
115‌
102‌
2.25%,
11/09/2031
60‌
49‌
5.10%,
08/01/2033
160‌
158‌
5.13%,
01/15/2029
160‌
161‌
Realty
Income
Corp
0.75%,
03/15/2026
40‌
37‌
2.10%,
03/15/2028
60‌
54‌
2.20%,
06/15/2028
65‌
58‌
3.10%,
12/15/2029
300‌
268‌
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
25
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
REITs
(continued)
Realty
Income
Corp  
(continued)
3.25%,
01/15/2031
$
160‌
$
141‌
4.13%,
10/15/2026
220‌
214‌
4.75%,
02/15/2029
135‌
132‌
4.85%,
03/15/2030
160‌
156‌
4.88%,
06/01/2026
700‌
693‌
4.90%,
07/15/2033
(a)
160‌
153‌
Simon
Property
Group
LP
1.75%,
02/01/2028
555‌
492‌
2.65%,
02/01/2032
385‌
320‌
3.25%,
11/30/2026
300‌
286‌
3.30%,
01/15/2026
700‌
677‌
3.50%,
09/01/2025
160‌
156‌
4.75%,
03/15/2042
164‌
145‌
UDR
Inc
2.10%,
08/01/2032
100‌
77‌
3.20%,
01/15/2030
145‌
130‌
Ventas
Realty
LP
3.00%,
01/15/2030
500‌
438‌
5.63%,
07/01/2034
130‌
128‌
Welltower
OP
LLC
2.75%,
01/15/2032
570‌
476‌
4.13%,
03/15/2029
300‌
285‌
WP
Carey
Inc
2.40%,
02/01/2031
65‌
54‌
$
20,764‌
Retail
-
0
.63
%
AutoZone
Inc
1.65%,
01/15/2031
160‌
127‌
Costco
Wholesale
Corp
1.38%,
06/20/2027
125‌
113‌
Dollar
Tree
Inc
4.20%,
05/15/2028
130‌
125‌
Home
Depot
Inc/The
0.90%,
03/15/2028
(a)
55‌
48‌
1.88%,
09/15/2031
760‌
615‌
2.13%,
09/15/2026
350‌
328‌
2.38%,
03/15/2051
55‌
31‌
2.75%,
09/15/2051
60‌
37‌
2.88%,
04/15/2027
65‌
61‌
2.95%,
06/15/2029
500‌
455‌
3.13%,
12/15/2049
235‌
159‌
4.00%,
09/15/2025
265‌
261‌
4.20%,
04/01/2043
300‌
254‌
4.25%,
04/01/2046
180‌
151‌
4.40%,
03/15/2045
300‌
258‌
4.90%,
04/15/2029
135‌
135‌
4.95%,
09/30/2026
135‌
135‌
4.95%,
09/15/2052
85‌
78‌
5.88%,
12/16/2036
400‌
420‌
Lowe's
Cos
Inc
1.30%,
04/15/2028
130‌
113‌
1.70%,
10/15/2030
130‌
105‌
2.50%,
04/15/2026
90‌
86‌
3.10%,
05/03/2027
500‌
474‌
3.38%,
09/15/2025
50‌
49‌
3.65%,
04/05/2029
135‌
127‌
3.70%,
04/15/2046
20‌
15‌
3.75%,
04/01/2032
65‌
59‌
4.25%,
04/01/2052
540‌
424‌
4.40%,
09/08/2025
130‌
128‌
4.55%,
04/05/2049
135‌
112‌
4.80%,
04/01/2026
160‌
159‌
5.00%,
04/15/2033
130‌
127‌
5.00%,
04/15/2040
155‌
144‌
5.63%,
04/15/2053
380‌
368‌
5.75%,
07/01/2053
160‌
158‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Retail
(continued)
McDonald's
Corp
2.63%,
09/01/2029
$
140‌
$
125‌
3.70%,
01/30/2026
150‌
146‌
3.70%,
02/15/2042
300‌
236‌
4.45%,
03/01/2047
500‌
420‌
5.15%,
09/09/2052
255‌
236‌
6.30%,
03/01/2038
600‌
642‌
O'Reilly
Automotive
Inc
1.75%,
03/15/2031
75‌
60‌
Starbucks
Corp
2.00%,
03/12/2027
290‌
267‌
3.00%,
02/14/2032
(a)
345‌
297‌
3.75%,
12/01/2047
370‌
277‌
4.30%,
06/15/2045
225‌
187‌
4.45%,
08/15/2049
220‌
181‌
4.80%,
02/15/2033
(a)
120‌
116‌
Target
Corp
1.95%,
01/15/2027
(a)
280‌
260‌
2.95%,
01/15/2052
325‌
210‌
4.50%,
09/15/2032
690‌
662‌
4.80%,
01/15/2053
(a)
160‌
145‌
TJX
Cos
Inc/The
1.15%,
05/15/2028
65‌
56‌
1.60%,
05/15/2031
65‌
52‌
Walmart
Inc
1.05%,
09/17/2026
(a)
105‌
96‌
1.80%,
09/22/2031
135‌
110‌
2.50%,
09/22/2041
135‌
94‌
2.65%,
09/22/2051
105‌
66‌
3.90%,
09/09/2025
130‌
128‌
3.90%,
04/15/2028
50‌
48‌
3.95%,
06/28/2038
195‌
174‌
4.00%,
04/15/2026
255‌
251‌
4.00%,
04/15/2030
275‌
265‌
4.00%,
04/11/2043
250‌
212‌
4.05%,
06/29/2048
100‌
83‌
4.10%,
04/15/2033
(a)
275‌
261‌
$
12,802‌
Semiconductors
-
0
.57
%
Analog
Devices
Inc
2.10%,
10/01/2031
40‌
33‌
2.80%,
10/01/2041
60‌
42‌
5.30%,
04/01/2054
125‌
122‌
Broadcom
Corp
/
Broadcom
Cayman
Finance
Ltd
3.88%,
01/15/2027
650‌
628‌
Broadcom
Inc
3.14%,
11/15/2035
(e)
738‌
587‌
3.19%,
11/15/2036
(e)
30‌
23‌
3.42%,
04/15/2033
(e)
452‌
386‌
3.47%,
04/15/2034
(e)
415‌
350‌
3.75%,
02/15/2051
(e)
570‌
420‌
4.15%,
11/15/2030
310‌
290‌
4.75%,
04/15/2029
355‌
348‌
Intel
Corp
2.00%,
08/12/2031
60‌
49‌
3.05%,
08/12/2051
60‌
38‌
3.15%,
05/11/2027
150‌
142‌
3.20%,
08/12/2061
60‌
37‌
3.73%,
12/08/2047
105‌
78‌
3.75%,
03/25/2027
155‌
150‌
3.75%,
08/05/2027
65‌
62‌
4.00%,
08/05/2029
585‌
557‌
4.10%,
05/19/2046
250‌
202‌
4.15%,
08/05/2032
(a)
765‌
711‌
4.60%,
03/25/2040
155‌
140‌
4.88%,
02/10/2026
605‌
601‌
5.20%,
02/10/2033
(a)
300‌
298‌
5.60%,
02/21/2054
200‌
193‌
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
26
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Semiconductors
(continued)
Intel
Corp  
(continued)
5.63%,
02/10/2043
$
300‌
$
299‌
5.70%,
02/10/2053
385‌
377‌
KLA
Corp
4.70%,
02/01/2034
135‌
130‌
4.95%,
07/15/2052
140‌
130‌
Lam
Research
Corp
2.88%,
06/15/2050
500‌
327‌
Marvell
Technology
Inc
2.45%,
04/15/2028
115‌
103‌
Micron
Technology
Inc
2.70%,
04/15/2032
90‌
74‌
4.19%,
02/15/2027
405‌
393‌
5.30%,
01/15/2031
80‌
79‌
NVIDIA
Corp
1.55%,
06/15/2028
60‌
53‌
3.50%,
04/01/2040
600‌
496‌
NXP
BV
/
NXP
Funding
LLC
/
NXP
USA
Inc
2.50%,
05/11/2031
115‌
96‌
3.13%,
02/15/2042
265‌
187‌
3.15%,
05/01/2027
80‌
75‌
3.25%,
05/11/2041
60‌
44‌
4.40%,
06/01/2027
480‌
468‌
QUALCOMM
Inc
4.50%,
05/20/2052
165‌
142‌
4.80%,
05/20/2045
110‌
102‌
6.00%,
05/20/2053
155‌
167‌
Texas
Instruments
Inc
4.15%,
05/15/2048
165‌
137‌
4.60%,
02/08/2029
225‌
223‌
4.90%,
03/14/2033
160‌
159‌
5.00%,
03/14/2053
160‌
149‌
5.15%,
02/08/2054
130‌
124‌
TSMC
Arizona
Corp
3.88%,
04/22/2027
590‌
570‌
$
11,591‌
Software
-
0
.68
%
Fidelity
National
Information
Services
Inc
1.65%,
03/01/2028
540‌
474‌
3.10%,
03/01/2041
55‌
39‌
5.10%,
07/15/2032
(a)
550‌
543‌
Fiserv
Inc
3.50%,
07/01/2029
900‌
831‌
3.85%,
06/01/2025
250‌
245‌
4.40%,
07/01/2049
590‌
480‌
5.35%,
03/15/2031
125‌
124‌
5.45%,
03/02/2028
240‌
241‌
5.63%,
08/21/2033
155‌
156‌
Intuit
Inc
1.35%,
07/15/2027
160‌
143‌
5.13%,
09/15/2028
160‌
161‌
5.25%,
09/15/2026
315‌
317‌
5.50%,
09/15/2053
120‌
120‌
Microsoft
Corp
1.35%,
09/15/2030
(e)
80‌
65‌
2.50%,
09/15/2050
(e)
160‌
99‌
2.53%,
06/01/2050
311‌
195‌
2.68%,
06/01/2060
349‌
211‌
2.92%,
03/17/2052
476‌
321‌
3.30%,
02/06/2027
140‌
135‌
3.45%,
08/08/2036
250‌
217‌
3.70%,
08/08/2046
500‌
407‌
Oracle
Corp
2.30%,
03/25/2028
115‌
103‌
2.65%,
07/15/2026
300‌
283‌
2.80%,
04/01/2027
155‌
145‌
2.88%,
03/25/2031
115‌
99‌
2.95%,
04/01/2030
655‌
578‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Software
(continued)
Oracle
Corp  
(continued)
3.60%,
04/01/2040
$
355‌
$
273‌
3.60%,
04/01/2050
700‌
487‌
3.65%,
03/25/2041
115‌
88‌
3.90%,
05/15/2035
130‌
113‌
3.95%,
03/25/2051
115‌
85‌
4.00%,
07/15/2046
500‌
383‌
4.00%,
11/15/2047
75‌
57‌
4.10%,
03/25/2061
60‌
43‌
4.30%,
07/08/2034
75‌
68‌
4.38%,
05/15/2055
150‌
117‌
4.50%,
07/08/2044
50‌
42‌
4.65%,
05/06/2030
530‌
516‌
5.55%,
02/06/2053
305‌
288‌
5.80%,
11/10/2025
715‌
719‌
6.13%,
07/08/2039
60‌
62‌
6.15%,
11/09/2029
180‌
188‌
6.25%,
11/09/2032
360‌
380‌
6.90%,
11/09/2052
360‌
403‌
Roper
Technologies
Inc
1.40%,
09/15/2027
860‌
761‌
2.95%,
09/15/2029
400‌
357‌
Salesforce
Inc
1.95%,
07/15/2031
60‌
49‌
2.70%,
07/15/2041
265‌
185‌
Take-Two
Interactive
Software
Inc
4.95%,
03/28/2028
160‌
158‌
VMware
LLC
1.40%,
08/15/2026
680‌
623‌
1.80%,
08/15/2028
685‌
595‌
2.20%,
08/15/2031
115‌
92‌
$
13,864‌
Sovereign
-
1
.64
%
Canada
Government
International
Bond
0.75%,
05/19/2026
315‌
291‌
3.75%,
04/26/2028
505‌
488‌
4.63%,
04/30/2029
250‌
250‌
Chile
Government
International
Bond
2.45%,
01/31/2031
300‌
253‌
2.55%,
01/27/2032
400‌
332‌
2.75%,
01/31/2027
500‌
466‌
3.10%,
05/07/2041
400‌
289‌
3.24%,
02/06/2028
300‌
279‌
3.50%,
04/15/2053
200‌
140‌
4.00%,
01/31/2052
200‌
153‌
4.95%,
01/05/2036
315‌
299‌
Export
Development
Canada
3.38%,
08/26/2025
325‌
318‌
3.88%,
02/14/2028
315‌
306‌
4.13%,
02/13/2029
265‌
259‌
4.38%,
06/29/2026
475‌
470‌
4.75%,
06/05/2034
(g)
250‌
253‌
Export-Import
Bank
of
Korea
1.38%,
02/09/2031
200‌
158‌
2.63%,
05/26/2026
700‌
666‌
4.25%,
09/15/2027
200‌
195‌
4.50%,
09/15/2032
200‌
191‌
4.88%,
01/11/2026
310‌
308‌
5.13%,
09/18/2028
200‌
201‌
Indonesia
Government
International
Bond
2.15%,
07/28/2031
200‌
163‌
2.85%,
02/14/2030
200‌
176‌
3.05%,
03/12/2051
200‌
134‌
3.50%,
01/11/2028
500‌
469‌
3.70%,
10/30/2049
200‌
150‌
4.20%,
10/15/2050
400‌
325‌
4.35%,
01/11/2048
200‌
168‌
4.55%,
01/11/2028
200‌
195‌
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
27
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Sovereign
(continued)
Indonesia
Government
International
Bond  
(continued)
4.65%,
09/20/2032
$
200‌
$
191‌
4.75%,
02/11/2029
300‌
294‌
5.65%,
01/11/2053
200‌
200‌
Israel
Government
International
Bond
3.88%,
07/03/2050
200‌
139‌
4.13%,
01/17/2048
200‌
147‌
4.50%,
01/17/2033
200‌
179‌
4.50%,
01/30/2043
200‌
162‌
5.50%,
03/12/2034
200‌
191‌
5.75%,
03/12/2054
200‌
181‌
Japan
Bank
for
International
Cooperation
1.25%,
01/21/2031
200‌
160‌
1.88%,
07/21/2026
264‌
247‌
2.13%,
02/16/2029
200‌
177‌
2.25%,
11/04/2026
400‌
375‌
2.75%,
01/21/2026
400‌
385‌
2.88%,
07/21/2027
330‌
310‌
3.88%,
09/16/2025
(a)
500‌
491‌
4.25%,
04/27/2026
240‌
236‌
4.63%,
07/19/2028
200‌
198‌
4.63%,
04/17/2034
200‌
198‌
4.88%,
10/18/2028
300‌
301‌
Japan
International
Cooperation
Agency
4.75%,
05/21/2029
400‌
399‌
Korea
International
Bond
1.00%,
09/16/2030
200‌
160‌
3.88%,
09/20/2048
250‌
205‌
Mexico
Government
International
Bond
2.66%,
05/24/2031
500‌
411‌
3.25%,
04/16/2030
200‌
175‌
3.50%,
02/12/2034
400‌
326‌
3.75%,
01/11/2028
225‌
212‌
3.75%,
04/19/2071
200‌
121‌
4.13%,
01/21/2026
300‌
293‌
4.50%,
04/22/2029
400‌
382‌
4.60%,
01/23/2046
200‌
156‌
4.60%,
02/10/2048
300‌
232‌
4.75%,
03/08/2044
500‌
404‌
5.55%,
01/21/2045
(a)
360‌
325‌
5.75%,
10/12/2110
100‌
83‌
6.05%,
01/11/2040
700‌
678‌
6.34%,
05/04/2053
500‌
477‌
6.35%,
02/09/2035
200‌
202‌
6.40%,
05/07/2054
275‌
265‌
6.75%,
09/27/2034
350‌
367‌
Panama
Government
International
Bond
2.25%,
09/29/2032
200‌
142‌
3.16%,
01/23/2030
600‌
500‌
3.30%,
01/19/2033
500‌
382‌
3.88%,
03/17/2028
300‌
275‌
4.30%,
04/29/2053
200‌
126‌
4.50%,
04/16/2050
200‌
132‌
6.70%,
01/26/2036
600‌
575‌
6.85%,
03/28/2054
200‌
180‌
Peruvian
Government
International
Bond
1.86%,
12/01/2032
60‌
45‌
2.78%,
01/23/2031
545‌
458‌
2.78%,
12/01/2060
60‌
33‌
3.30%,
03/11/2041
300‌
217‌
3.55%,
03/10/2051
60‌
41‌
4.13%,
08/25/2027
600‌
574‌
5.63%,
11/18/2050
150‌
144‌
6.55%,
03/14/2037
400‌
420‌
8.75%,
11/21/2033
180‌
216‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Sovereign
(continued)
Philippine
Government
International
Bond
2.65%,
12/10/2045
$
400‌
$
254‌
3.00%,
02/01/2028
300‌
278‌
3.20%,
07/06/2046
200‌
138‌
3.70%,
03/01/2041
400‌
317‌
3.70%,
02/02/2042
250‌
196‌
5.00%,
07/17/2033
200‌
195‌
5.17%,
10/13/2027
500‌
499‌
5.50%,
01/17/2048
200‌
197‌
5.60%,
05/14/2049
200‌
198‌
5.61%,
04/13/2033
250‌
254‌
7.75%,
01/14/2031
190‌
216‌
Republic
of
Italy
Government
International
Bond
1.25%,
02/17/2026
250‌
232‌
2.88%,
10/17/2029
300‌
263‌
3.88%,
05/06/2051
400‌
273‌
5.38%,
06/15/2033
205‌
199‌
Republic
of
Poland
Government
International
Bond
4.88%,
10/04/2033
320‌
309‌
5.13%,
09/18/2034
250‌
243‌
5.50%,
03/18/2054
250‌
239‌
State
of
Israel
2.50%,
01/15/2030
200‌
167‌
3.38%,
01/15/2050
200‌
127‌
Svensk
Exportkredit
AB
0.50%,
08/26/2025
720‌
679‌
4.00%,
07/15/2025
420‌
414‌
4.13%,
06/14/2028
320‌
312‌
4.38%,
02/13/2026
315‌
311‌
4.88%,
09/14/2026
320‌
319‌
Tennessee
Valley
Authority
3.50%,
12/15/2042
200‌
163‌
3.88%,
03/15/2028
525‌
511‌
4.25%,
09/15/2065
115‌
96‌
5.25%,
09/15/2039
250‌
257‌
5.38%,
04/01/2056
196‌
204‌
5.88%,
04/01/2036
325‌
354‌
6.75%,
11/01/2025
57‌
59‌
Uruguay
Government
International
Bond
4.13%,
11/20/2045
136‌
117‌
4.98%,
04/20/2055
100‌
90‌
5.10%,
06/18/2050
300‌
280‌
5.75%,
10/28/2034
155‌
160‌
7.63%,
03/21/2036
500‌
590‌
$
33,150‌
Supranational
Bank
-
1
.20
%
African
Development
Bank
0.88%,
03/23/2026
705‌
655‌
0.88%,
07/22/2026
115‌
106‌
4.13%,
02/25/2027
135‌
133‌
4.38%,
03/14/2028
320‌
316‌
4.63%,
01/04/2027
190‌
189‌
Asian
Development
Bank
0.38%,
09/03/2025
310‌
292‌
0.50%,
02/04/2026
400‌
371‌
1.00%,
04/14/2026
865‌
804‌
1.50%,
01/20/2027
125‌
115‌
1.50%,
03/04/2031
115‌
94‌
1.75%,
09/19/2029
300‌
260‌
1.88%,
03/15/2029
135‌
119‌
2.75%,
01/19/2028
130‌
122‌
3.13%,
04/27/2032
135‌
122‌
3.75%,
04/25/2028
320‌
309‌
3.88%,
09/28/2032
450‌
426‌
3.88%,
06/14/2033
320‌
302‌
4.00%,
01/12/2033
160‌
153‌
4.13%,
01/12/2027
275‌
270‌
4.25%,
01/09/2026
310‌
306‌
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
28
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Supranational
Bank
(continued)
Asian
Development
Bank  
(continued)
4.38%,
03/06/2029
$
250‌
$
247‌
4.50%,
08/25/2028
380‌
378‌
5.82%,
06/16/2028
39‌
40‌
Asian
Infrastructure
Investment
Bank/The
3.38%,
06/29/2025
540‌
529‌
3.75%,
09/14/2027
255‌
247‌
4.13%,
01/18/2029
270‌
264‌
4.88%,
09/14/2026
320‌
320‌
Council
Of
Europe
Development
Bank
3.63%,
01/26/2028
315‌
303‌
3.75%,
05/25/2026
315‌
308‌
European
Bank
for
Reconstruction
&
Development
0.50%,
01/28/2026
515‌
478‌
4.13%,
01/25/2029
135‌
132‌
4.38%,
03/09/2028
255‌
252‌
European
Investment
Bank
0.75%,
10/26/2026
660‌
600‌
1.25%,
02/14/2031
255‌
207‌
1.63%,
05/13/2031
60‌
50‌
3.63%,
07/15/2030
320‌
304‌
3.75%,
02/14/2033
615‌
578‌
4.00%,
02/15/2029
1,100‌
1,071‌
4.13%,
02/13/2034
265‌
255‌
4.38%,
03/19/2027
375‌
371‌
4.75%,
06/15/2029
250‌
252‌
Inter-American
Development
Bank
0.88%,
04/20/2026
900‌
834‌
1.13%,
07/20/2028
515‌
447‌
1.13%,
01/13/2031
420‌
337‌
1.50%,
01/13/2027
425‌
391‌
3.13%,
09/18/2028
300‌
282‌
3.50%,
04/12/2033
320‌
294‌
4.00%,
01/12/2028
310‌
302‌
4.13%,
02/15/2029
265‌
259‌
4.38%,
02/01/2027
275‌
272‌
4.38%,
01/24/2044
50‌
46‌
4.50%,
05/15/2026
315‌
312‌
4.50%,
09/13/2033
320‌
317‌
International
Bank
for
Reconstruction
&
Development
0.75%,
08/26/2030
515‌
408‌
0.88%,
07/15/2026
325‌
299‌
1.25%,
02/10/2031
615‌
496‌
1.38%,
04/20/2028
365‌
323‌
1.63%,
11/03/2031
495‌
403‌
1.75%,
10/23/2029
950‌
821‌
2.50%,
03/29/2032
620‌
535‌
3.13%,
06/15/2027
500‌
477‌
3.50%,
07/12/2028
480‌
459‌
3.88%,
02/14/2030
315‌
303‌
4.00%,
07/25/2030
435‌
421‌
4.00%,
01/10/2031
275‌
265‌
4.50%,
04/10/2031
375‌
373‌
4.63%,
08/01/2028
480‌
480‌
4.75%,
04/10/2026
125‌
125‌
4.75%,
11/14/2033
280‌
283‌
International
Finance
Corp
4.38%,
01/15/2027
395‌
391‌
Nordic
Investment
Bank
0.38%,
09/11/2025
230‌
216‌
0.50%,
01/21/2026
200‌
186‌
4.25%,
02/28/2029
200‌
197‌
$
24,204‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Telecommunications
-
1
.02
%
America
Movil
SAB
de
CV
2.88%,
05/07/2030
$
600‌
$
527‌
3.63%,
04/22/2029
400‌
371‌
4.38%,
04/22/2049
(a)
200‌
168‌
6.13%,
03/30/2040
380‌
395‌
AT&T
Inc
1.65%,
02/01/2028
200‌
177‌
1.70%,
03/25/2026
340‌
318‌
2.25%,
02/01/2032
145‌
117‌
2.30%,
06/01/2027
750‌
690‌
3.10%,
02/01/2043
(a)
145‌
107‌
3.50%,
06/01/2041
640‌
488‌
3.50%,
09/15/2053
627‌
423‌
3.55%,
09/15/2055
815‌
547‌
3.65%,
06/01/2051
355‌
251‌
3.65%,
09/15/2059
999‌
667‌
4.35%,
03/01/2029
500‌
482‌
4.35%,
06/15/2045
300‌
249‌
4.50%,
05/15/2035
700‌
640‌
4.50%,
03/09/2048
500‌
413‌
5.40%,
02/15/2034
320‌
318‌
Bell
Telephone
Co
of
Canada
or
Bell
Canada
3.65%,
03/17/2051
60‌
43‌
5.20%,
02/15/2034
130‌
127‌
Cisco
Systems
Inc
4.80%,
02/26/2027
265‌
264‌
4.85%,
02/26/2029
265‌
264‌
5.05%,
02/26/2034
265‌
263‌
5.30%,
02/26/2054
265‌
260‌
5.50%,
01/15/2040
135‌
137‌
5.90%,
02/15/2039
170‌
180‌
Juniper
Networks
Inc
2.00%,
12/10/2030
55‌
44‌
Orange
SA
5.38%,
01/13/2042
30‌
29‌
Rogers
Communications
Inc
3.20%,
03/15/2027
130‌
123‌
3.70%,
11/15/2049
90‌
64‌
3.80%,
03/15/2032
65‌
58‌
5.00%,
02/15/2029
130‌
128‌
5.00%,
03/15/2044
75‌
67‌
7.50%,
08/15/2038
250‌
288‌
Sprint
Capital
Corp
6.88%,
11/15/2028
320‌
338‌
Telefonica
Emisiones
SA
4.10%,
03/08/2027
325‌
315‌
5.21%,
03/08/2047
550‌
490‌
7.05%,
06/20/2036
305‌
331‌
T-Mobile
USA
Inc
1.50%,
02/15/2026
155‌
145‌
2.05%,
02/15/2028
190‌
170‌
2.25%,
11/15/2031
150‌
122‌
2.40%,
03/15/2029
25‌
22‌
2.55%,
02/15/2031
600‌
506‌
3.00%,
02/15/2041
150‌
108‌
3.30%,
02/15/2051
250‌
168‌
3.38%,
04/15/2029
265‌
243‌
3.40%,
10/15/2052
235‌
160‌
3.75%,
04/15/2027
315‌
302‌
3.88%,
04/15/2030
600‌
558‌
4.38%,
04/15/2040
155‌
135‌
4.80%,
07/15/2028
160‌
157‌
4.95%,
03/15/2028
95‌
94‌
5.05%,
07/15/2033
160‌
156‌
5.15%,
04/15/2034
135‌
132‌
5.20%,
01/15/2033
160‌
157‌
5.50%,
01/15/2055
135‌
129‌
5.65%,
01/15/2053
135‌
133‌
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
29
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Telecommunications
(continued)
T-Mobile
USA
Inc  
(continued)
5.75%,
01/15/2034
$
160‌
$
164‌
5.75%,
01/15/2054
160‌
159‌
6.00%,
06/15/2054
160‌
165‌
Verizon
Communications
Inc
1.45%,
03/20/2026
115‌
107‌
1.50%,
09/18/2030
180‌
146‌
1.75%,
01/20/2031
135‌
108‌
2.10%,
03/22/2028
175‌
157‌
2.36%,
03/15/2032
65‌
53‌
2.55%,
03/21/2031
115‌
97‌
2.65%,
11/20/2040
750‌
517‌
2.88%,
11/20/2050
505‌
318‌
2.99%,
10/30/2056
89‌
54‌
3.00%,
11/20/2060
65‌
39‌
3.40%,
03/22/2041
715‌
547‌
3.55%,
03/22/2051
815‌
583‌
3.70%,
03/22/2061
480‌
339‌
3.85%,
11/01/2042
90‌
72‌
4.13%,
03/16/2027
600‌
584‌
4.33%,
09/21/2028
60‌
58‌
4.40%,
11/01/2034
300‌
277‌
4.67%,
03/15/2055
345‌
298‌
4.81%,
03/15/2039
75‌
69‌
4.86%,
08/21/2046
300‌
274‌
Vodafone
Group
PLC
4.25%,
09/17/2050
250‌
196‌
4.38%,
02/19/2043
180‌
152‌
5.63%,
02/10/2053
160‌
154‌
6.15%,
02/27/2037
240‌
251‌
$
20,696‌
Transportation
-
0
.46
%
Burlington
Northern
Santa
Fe
LLC
3.05%,
02/15/2051
600‌
395‌
3.55%,
02/15/2050
155‌
113‌
4.15%,
04/01/2045
200‌
166‌
4.40%,
03/15/2042
30‌
26‌
4.45%,
01/15/2053
40‌
34‌
5.20%,
04/15/2054
160‌
152‌
5.40%,
06/01/2041
360‌
357‌
Canadian
Pacific
Railway
Co
1.75%,
12/02/2026
145‌
133‌
3.10%,
12/02/2051
450‌
298‌
6.13%,
09/15/2115
75‌
76‌
CSX
Corp
2.40%,
02/15/2030
60‌
52‌
3.35%,
09/15/2049
60‌
42‌
3.80%,
03/01/2028
75‌
72‌
3.80%,
04/15/2050
700‌
533‌
4.30%,
03/01/2048
200‌
167‌
4.50%,
11/15/2052
160‌
137‌
5.20%,
11/15/2033
160‌
160‌
FedEx
Corp
3.10%,
08/05/2029
800‌
726‌
3.88%,
08/01/2042
30‌
23‌
4.55%,
04/01/2046
420‌
348‌
5.10%,
01/15/2044
295‌
268‌
Norfolk
Southern
Corp
2.30%,
05/15/2031
60‌
50‌
2.55%,
11/01/2029
150‌
132‌
2.90%,
08/25/2051
60‌
37‌
3.94%,
11/01/2047
192‌
149‌
4.05%,
08/15/2052
200‌
154‌
4.45%,
03/01/2033
160‌
151‌
4.55%,
06/01/2053
455‌
382‌
4.84%,
10/01/2041
180‌
164‌
5.35%,
08/01/2054
125‌
119‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Transportation
(continued)
Ryder
System
Inc
2.90%,
12/01/2026
$
150‌
$
142‌
4.30%,
06/15/2027
20‌
19‌
Union
Pacific
Corp
2.38%,
05/20/2031
710‌
600‌
2.80%,
02/14/2032
110‌
94‌
2.89%,
04/06/2036
140‌
112‌
2.97%,
09/16/2062
90‌
53‌
3.20%,
05/20/2041
60‌
46‌
3.38%,
02/14/2042
65‌
50‌
3.80%,
10/01/2051
310‌
237‌
3.80%,
04/06/2071
590‌
416‌
3.84%,
03/20/2060
220‌
161‌
4.00%,
04/15/2047
250‌
199‌
4.50%,
01/20/2033
130‌
124‌
4.95%,
09/09/2052
130‌
121‌
United
Parcel
Service
Inc
2.50%,
09/01/2029
125‌
111‌
3.40%,
09/01/2049
180‌
129‌
4.88%,
03/03/2033
410‌
402‌
4.88%,
11/15/2040
30‌
28‌
5.05%,
03/03/2053
410‌
383‌
5.15%,
05/22/2034
130‌
129‌
5.50%,
05/22/2054
130‌
129‌
$
9,301‌
Trucking
&
Leasing
-
0
.00
%
GATX
Corp
1.90%,
06/01/2031
115‌
91‌
Water
-
0
.04
%
American
Water
Capital
Corp
2.30%,
06/01/2031
60‌
50‌
3.25%,
06/01/2051
300‌
206‌
3.75%,
09/01/2047
340‌
257‌
4.45%,
06/01/2032
(a)
130‌
124‌
6.59%,
10/15/2037
13‌
14‌
Essential
Utilities
Inc
2.40%,
05/01/2031
(a)
60‌
49‌
5.30%,
05/01/2052
65‌
59‌
5.38%,
01/15/2034
135‌
132‌
$
891‌
TOTAL
BONDS
$
568,694‌
MUNICIPAL
BONDS
-
0
.16
%
Principal
Amount
(000's)
Value
(000's)
California
-
0
.05
%
Bay
Area
Toll
Authority
6.26%,
04/01/2049
$
175‌
$
188‌
6.91%,
10/01/2050
125‌
145‌
California
State
University
2.98%,
11/01/2051
155‌
103‌
East
Bay
Municipal
Utility
District
Water
System
Revenue
5.87%,
06/01/2040
20‌
21‌
Regents
of
the
University
of
California
Medical
Center
Pooled
Revenue
6.55%,
05/15/2048
20‌
22‌
State
of
California
3.50%,
04/01/2028
115‌
109‌
7.30%,
10/01/2039
300‌
345‌
$
933‌
Georgia
-
0
.01
%
Municipal
Electric
Authority
of
Georgia
6.64%,
04/01/2057
147‌
165‌
Illinois
-
0
.05
%
Chicago
Transit
Authority
Sales
&
Transfer
Tax
Receipts
Revenue
6.90%,
12/01/2040
286‌
317‌
Chicago
Transit
Authority
Sales
Tax
Receipts
Fund
6.20%,
12/01/2040
30‌
31‌
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
30
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Illinois
(continued)
State
of
Illinois
5.10%,
06/01/2033
$
700‌
$
686‌
$
1,034‌
New
Jersey
-
0
.02
%
New
Jersey
Economic
Development
Authority
(credit
support
from
National
Public
Finance
Guarantee
Corp
)
7.43%,
02/15/2029
(j)
250‌
265‌
New
Jersey
Transportation
Trust
Fund
Authority
6.56%,
12/15/2040
146‌
158‌
$
423‌
New
York
-
0
.01
%
Port
Authority
of
New
York
&
New
Jersey
4.46%,
10/01/2062
250‌
218‌
Ohio
-
0
.00
%
Ohio
State
University/The
4.91%,
06/01/2040
50‌
48‌
Texas
-
0
.01
%
Dallas
Area
Rapid
Transit
5.02%,
12/01/2048
30‌
28‌
State
of
Texas
4.68%,
04/01/2040
160‌
150‌
$
178‌
Wisconsin
-
0
.01
%
State
of
Wisconsin
(credit
support
from
Assured
Guaranty
Municipal
Corp
)
5.70%,
05/01/2026
(j)
150‌
151‌
TOTAL
MUNICIPAL
BONDS
$
3,150‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
-
69
.40
%
Principal
Amount
(000's)
Value
(000's)
Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
-
0
.38
%
2.00%,
09/01/2031
$
58‌
$
53‌
2.00%,
12/01/2031
68‌
63‌
2.50%,
01/01/2031
125‌
117‌
2.50%,
02/01/2031
124‌
116‌
2.50%,
12/01/2031
213‌
198‌
2.50%,
01/01/2032
231‌
214‌
2.50%,
03/01/2032
71‌
66‌
2.50%,
11/01/2036
46‌
41‌
3.00%,
11/01/2028
79‌
76‌
3.00%,
04/01/2029
72‌
69‌
3.00%,
09/01/2029
68‌
65‌
3.00%,
10/01/2029
102‌
98‌
3.00%,
11/01/2029
47‌
45‌
3.00%,
01/01/2030
42‌
40‌
3.00%,
11/01/2030
45‌
43‌
3.00%,
03/01/2031
28‌
27‌
3.00%,
05/01/2032
141‌
133‌
3.00%,
03/01/2033
56‌
53‌
3.00%,
04/01/2033
22‌
20‌
3.00%,
09/01/2036
70‌
64‌
3.00%,
09/01/2036
40‌
37‌
3.00%,
02/01/2037
74‌
68‌
3.00%,
10/01/2042
158‌
139‌
3.00%,
11/01/2042
255‌
224‌
3.00%,
02/01/2043
248‌
218‌
3.00%,
08/01/2043
369‌
323‌
3.00%,
08/01/2043
312‌
274‌
3.00%,
09/01/2043
66‌
58‌
3.00%,
10/01/2043
52‌
46‌
3.00%,
01/01/2045
56‌
48‌
3.00%,
06/01/2046
110‌
95‌
3.00%,
10/01/2046
78‌
68‌
3.00%,
02/01/2047
129‌
111‌
3.50%,
12/01/2031
86‌
82‌
3.50%,
05/01/2034
31‌
29‌
3.50%,
11/01/2034
38‌
36‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
(continued)
3.50%,
01/01/2035
$
84‌
$
79‌
3.50%,
04/01/2037
31‌
29‌
3.50%,
06/01/2042
201‌
184‌
3.50%,
02/01/2045
39‌
35‌
3.50%,
03/01/2045
109‌
98‌
3.50%,
06/01/2045
113‌
102‌
3.50%,
06/01/2046
139‌
124‌
4.00%,
12/01/2024
4‌
4‌
4.00%,
12/01/2030
8‌
8‌
4.00%,
11/01/2033
59‌
57‌
4.00%,
07/01/2034
41‌
39‌
4.00%,
04/01/2038
76‌
72‌
4.00%,
12/01/2040
87‌
82‌
4.00%,
02/01/2044
72‌
67‌
4.00%,
04/01/2044
82‌
76‌
4.00%,
07/01/2044
100‌
93‌
4.00%,
09/01/2044
35‌
33‌
4.00%,
11/01/2044
131‌
122‌
4.00%,
01/01/2045
109‌
101‌
4.00%,
08/01/2045
154‌
143‌
4.00%,
12/01/2045
26‌
24‌
4.00%,
02/01/2046
41‌
38‌
4.00%,
05/01/2046
87‌
81‌
4.50%,
10/01/2030
33‌
33‌
4.50%,
05/01/2031
4‌
4‌
4.50%,
05/01/2049
1,832‌
1,748‌
5.50%,
06/01/2034
42‌
42‌
5.50%,
07/01/2038
52‌
52‌
5.50%,
07/01/2038
41‌
41‌
5.50%,
12/01/2038
87‌
87‌
5.50%,
10/01/2039
146‌
147‌
5.50%,
06/01/2041
57‌
57‌
6.00%,
04/01/2038
240‌
246‌
6.00%,
11/01/2038
55‌
56‌
$
7,661‌
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
-
20
.24
%
1.50%,
12/01/2035
2,096‌
1,791‌
1.50%,
03/01/2036
1,229‌
1,049‌
1.50%,
05/01/2036
4,283‌
3,654‌
1.50%,
05/01/2036
1,355‌
1,160‌
1.50%,
11/01/2036
960‌
819‌
1.50%,
12/01/2036
2,312‌
1,962‌
1.50%,
01/01/2037
777‌
660‌
1.50%,
11/01/2050
800‌
592‌
1.50%,
01/01/2051
3,679‌
2,714‌
1.50%,
06/01/2051
1,725‌
1,273‌
2.00%,
09/01/2029
110‌
104‌
2.00%,
05/01/2030
45‌
42‌
2.00%,
12/01/2031
93‌
85‌
2.00%,
02/01/2032
62‌
57‌
2.00%,
02/01/2036
3,287‌
2,893‌
2.00%,
02/01/2036
1,468‌
1,290‌
2.00%,
03/01/2036
2,640‌
2,324‌
2.00%,
04/01/2036
4,819‌
4,266‌
2.00%,
05/01/2036
946‌
832‌
2.00%,
02/01/2037
6,674‌
5,845‌
2.00%,
11/01/2041
6,401‌
5,287‌
2.00%,
05/01/2042
2,726‌
2,248‌
2.00%,
12/01/2050
14,576‌
11,346‌
2.00%,
02/01/2051
2,183‌
1,707‌
2.00%,
02/01/2051
7,607‌
5,904‌
2.00%,
02/01/2051
10,282‌
7,985‌
2.00%,
04/01/2051
7,839‌
6,145‌
2.00%,
04/01/2051
2,289‌
1,805‌
2.00%,
04/01/2051
5,209‌
4,101‌
2.00%,
04/01/2051
11,830‌
9,313‌
2.00%,
06/01/2051
1,975‌
1,536‌
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
31
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
(continued)
2.00%,
07/01/2051
$
8,295‌
$
6,436‌
2.00%,
09/01/2051
2,844‌
2,209‌
2.00%,
10/01/2051
3,991‌
3,112‌
2.00%,
10/01/2051
2,493‌
1,959‌
2.00%,
11/01/2051
1,677‌
1,317‌
2.00%,
11/01/2051
1,812‌
1,403‌
2.00%,
12/01/2051
3,346‌
2,609‌
2.00%,
12/01/2051
2,958‌
2,313‌
2.00%,
12/01/2051
2,706‌
2,117‌
2.00%,
01/01/2052
11,814‌
9,285‌
2.00%,
01/01/2052
2,095‌
1,638‌
2.00%,
03/01/2052
4,711‌
3,677‌
2.00%,
04/01/2052
1,276‌
1,001‌
2.00%,
04/01/2052
2,144‌
1,685‌
2.00%,
04/01/2052
10,749‌
8,400‌
2.50%,
01/01/2028
36‌
35‌
2.50%,
11/01/2028
115‌
109‌
2.50%,
09/01/2029
74‌
70‌
2.50%,
05/01/2030
98‌
92‌
2.50%,
08/01/2030
129‌
121‌
2.50%,
03/01/2031
110‌
103‌
2.50%,
11/01/2031
230‌
213‌
2.50%,
12/01/2031
42‌
39‌
2.50%,
01/01/2032
64‌
59‌
2.50%,
03/01/2032
77‌
71‌
2.50%,
07/01/2033
7‌
6‌
2.50%,
02/01/2035
1,045‌
949‌
2.50%,
10/01/2036
20‌
18‌
2.50%,
10/01/2036
48‌
43‌
2.50%,
12/01/2036
61‌
54‌
2.50%,
04/01/2037
1,207‌
1,089‌
2.50%,
07/01/2037
5,902‌
5,333‌
2.50%,
04/01/2042
4,281‌
3,651‌
2.50%,
01/01/2043
51‌
43‌
2.50%,
05/01/2043
81‌
67‌
2.50%,
10/01/2043
64‌
53‌
2.50%,
08/01/2046
42‌
35‌
2.50%,
12/01/2046
108‌
89‌
2.50%,
12/01/2046
71‌
59‌
2.50%,
08/01/2050
4,537‌
3,732‌
2.50%,
09/01/2050
1,394‌
1,142‌
2.50%,
11/01/2050
616‌
506‌
2.50%,
02/01/2051
6,043‌
5,010‌
2.50%,
02/01/2051
2,139‌
1,759‌
2.50%,
07/01/2051
1,230‌
1,008‌
2.50%,
07/01/2051
8,109‌
6,632‌
2.50%,
07/01/2051
600‌
486‌
2.50%,
07/01/2051
909‌
737‌
2.50%,
08/01/2051
1,053‌
854‌
2.50%,
09/01/2051
1,819‌
1,480‌
2.50%,
11/01/2051
5,833‌
4,803‌
2.50%,
11/01/2051
2,553‌
2,101‌
2.50%,
02/01/2052
2,132‌
1,747‌
2.50%,
02/01/2052
2,124‌
1,747‌
2.50%,
02/01/2052
1,209‌
991‌
2.50%,
02/01/2052
11,117‌
9,112‌
2.50%,
02/01/2052
2,771‌
2,245‌
2.50%,
03/01/2052
10,667‌
8,744‌
2.50%,
03/01/2052
2,201‌
1,797‌
2.50%,
04/01/2052
10,520‌
8,590‌
2.50%,
05/01/2052
3,047‌
2,491‌
3.00%,
04/01/2027
22‌
21‌
3.00%,
01/01/2029
27‌
25‌
3.00%,
02/01/2029
30‌
29‌
3.00%,
12/01/2029
30‌
28‌
3.00%,
12/01/2029
32‌
30‌
3.00%,
01/01/2030
133‌
126‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
(continued)
3.00%,
01/01/2030
$
160‌
$
152‌
3.00%,
06/01/2030
83‌
79‌
3.00%,
09/01/2030
33‌
32‌
3.00%,
10/01/2030
149‌
142‌
3.00%,
11/01/2030
149‌
141‌
3.00%,
12/01/2030
27‌
26‌
3.00%,
03/01/2031
93‌
88‌
3.00%,
04/01/2031
31‌
30‌
3.00%,
09/01/2031
152‌
144‌
3.00%,
12/01/2031
63‌
60‌
3.00%,
01/01/2033
19‌
18‌
3.00%,
04/01/2033
20‌
19‌
3.00%,
08/01/2034
190‌
176‌
3.00%,
05/01/2035
205‌
189‌
3.00%,
05/01/2037
3,132‌
2,905‌
3.00%,
06/01/2040
385‌
339‌
3.00%,
04/01/2043
223‌
195‌
3.00%,
04/01/2043
121‌
106‌
3.00%,
04/01/2043
60‌
53‌
3.00%,
05/01/2043
277‌
244‌
3.00%,
05/01/2043
54‌
47‌
3.00%,
05/01/2043
92‌
81‌
3.00%,
07/01/2043
56‌
49‌
3.00%,
07/01/2043
281‌
245‌
3.00%,
08/01/2043
40‌
35‌
3.00%,
08/01/2043
299‌
262‌
3.00%,
10/01/2043
277‌
242‌
3.00%,
10/01/2043
169‌
148‌
3.00%,
11/01/2043
76‌
66‌
3.00%,
01/01/2045
381‌
334‌
3.00%,
05/01/2046
51‌
44‌
3.00%,
05/01/2046
57‌
50‌
3.00%,
10/01/2046
324‌
280‌
3.00%,
10/01/2049
1,590‌
1,361‌
3.00%,
11/01/2049
1,367‌
1,171‌
3.00%,
11/01/2049
1,768‌
1,512‌
3.00%,
03/01/2050
2,945‌
2,518‌
3.00%,
02/01/2052
2,168‌
1,862‌
3.00%,
03/01/2052
6,824‌
5,783‌
3.00%,
04/01/2052
1,863‌
1,599‌
3.00%,
05/01/2052
7,041‌
5,941‌
3.00%,
05/01/2052
11,096‌
9,406‌
3.00%,
05/01/2052
2,962‌
2,534‌
3.00%,
06/01/2052
4,937‌
4,184‌
3.50%,
12/01/2026
29‌
28‌
3.50%,
03/01/2029
58‌
55‌
3.50%,
09/01/2029
62‌
60‌
3.50%,
11/01/2030
50‌
48‌
3.50%,
04/01/2032
8‌
8‌
3.50%,
07/01/2032
7‌
7‌
3.50%,
09/01/2032
8‌
7‌
3.50%,
12/01/2032
973‌
928‌
3.50%,
10/01/2033
5‌
5‌
3.50%,
05/01/2034
26‌
25‌
3.50%,
06/01/2034
18‌
17‌
3.50%,
07/01/2034
114‌
107‌
3.50%,
10/01/2034
29‌
27‌
3.50%,
02/01/2036
32‌
30‌
3.50%,
02/01/2037
25‌
23‌
3.50%,
05/01/2037
34‌
32‌
3.50%,
05/01/2037
1,690‌
1,605‌
3.50%,
03/01/2041
13‌
12‌
3.50%,
03/01/2042
29‌
26‌
3.50%,
06/01/2042
171‌
155‌
3.50%,
07/01/2042
30‌
27‌
3.50%,
04/01/2043
222‌
201‌
3.50%,
05/01/2043
156‌
141‌
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
32
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
(continued)
3.50%,
08/01/2043
$
169‌
$
153‌
3.50%,
01/01/2044
712‌
648‌
3.50%,
01/01/2044
57‌
52‌
3.50%,
10/01/2044
86‌
77‌
3.50%,
12/01/2044
151‌
136‌
3.50%,
11/01/2045
109‌
98‌
3.50%,
12/01/2045
13‌
11‌
3.50%,
12/01/2045
135‌
121‌
3.50%,
01/01/2046
171‌
153‌
3.50%,
03/01/2046
42‌
37‌
3.50%,
07/01/2046
147‌
132‌
3.50%,
12/01/2046
122‌
110‌
3.50%,
01/01/2048
798‌
714‌
3.50%,
11/01/2049
1,763‌
1,587‌
3.50%,
12/01/2049
1,289‌
1,160‌
3.50%,
01/01/2050
6,232‌
5,553‌
3.50%,
04/01/2052
5,135‌
4,571‌
3.50%,
05/01/2052
2,556‌
2,274‌
3.50%,
07/01/2052
10,445‌
9,318‌
3.50%,
08/01/2052
3,685‌
3,274‌
4.00%,
12/01/2024
7‌
7‌
4.00%,
04/01/2029
3‌
3‌
4.00%,
12/01/2030
4‌
4‌
4.00%,
03/01/2031
92‌
90‌
4.00%,
03/01/2031
3‌
3‌
4.00%,
11/01/2031
6‌
5‌
4.00%,
11/01/2033
5‌
5‌
4.00%,
11/01/2033
102‌
98‌
4.00%,
10/01/2034
60‌
58‌
4.00%,
02/01/2036
100‌
96‌
4.00%,
01/01/2037
31‌
30‌
4.00%,
10/01/2037
47‌
45‌
4.00%,
03/01/2038
17‌
16‌
4.00%,
07/01/2038
62‌
59‌
4.00%,
12/01/2038
42‌
40‌
4.00%,
01/01/2039
57‌
54‌
4.00%,
01/01/2041
39‌
37‌
4.00%,
02/01/2041
13‌
12‌
4.00%,
12/01/2041
61‌
57‌
4.00%,
06/01/2042
58‌
54‌
4.00%,
06/01/2042
97‌
91‌
4.00%,
07/01/2042
314‌
294‌
4.00%,
12/01/2042
101‌
94‌
4.00%,
09/01/2044
47‌
43‌
4.00%,
11/01/2044
44‌
41‌
4.00%,
10/01/2049
1,630‌
1,501‌
4.00%,
11/01/2049
661‌
608‌
4.00%,
04/01/2050
1,333‌
1,228‌
4.00%,
05/01/2052
4,712‌
4,381‌
4.00%,
08/01/2052
915‌
831‌
4.00%,
08/01/2052
7,057‌
6,448‌
4.00%,
01/01/2053
5,686‌
5,246‌
4.00%,
05/01/2053
4,804‌
4,400‌
4.50%,
06/01/2029
6‌
6‌
4.50%,
07/01/2029
1‌
1‌
4.50%,
08/01/2030
4‌
4‌
4.50%,
01/01/2034
13‌
13‌
4.50%,
10/01/2052
5,338‌
5,045‌
4.50%,
05/01/2053
5,281‌
4,976‌
4.50%,
07/01/2053
6,051‌
5,737‌
5.00%,
12/01/2025
1‌
1‌
5.00%,
07/01/2052
2,742‌
2,661‌
5.00%,
08/01/2052
2,242‌
2,180‌
5.00%,
11/01/2052
4,403‌
4,247‌
5.00%,
04/01/2053
1,859‌
1,806‌
5.00%,
05/01/2053
5,739‌
5,576‌
5.00%,
06/01/2053
2,806‌
2,722‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
(continued)
5.00%,
10/01/2053
$
2,715‌
$
2,641‌
5.50%,
12/01/2027
2‌
2‌
5.50%,
03/01/2038
51‌
51‌
5.50%,
05/01/2038
56‌
56‌
5.50%,
06/01/2038
79‌
79‌
5.50%,
09/01/2038
126‌
126‌
5.50%,
11/01/2038
70‌
70‌
5.50%,
04/01/2039
64‌
64‌
5.50%,
04/01/2040
53‌
53‌
5.50%,
03/01/2053
3,632‌
3,602‌
5.50%,
07/01/2053
6,964‌
6,985‌
5.50%,
08/01/2053
6,262‌
6,183‌
5.50%,
06/01/2054
(k)
2,500‌
2,459‌
6.00%,
04/01/2026
2‌
2‌
6.00%,
10/01/2036
45‌
46‌
6.00%,
01/01/2053
5,217‌
5,322‌
6.00%,
05/01/2053
1,630‌
1,649‌
6.00%,
10/01/2053
3,342‌
3,391‌
6.00%,
06/01/2054
(k)
5,770‌
5,778‌
6.50%,
02/01/2054
3,284‌
3,359‌
6.50%,
06/01/2054
(k)
7,850‌
7,979‌
$
409,820‌
Government
National
Mortgage
Association
(GNMA)
-
6
.24
%
2.00%,
08/20/2050
2,135‌
1,713‌
2.00%,
01/20/2051
2,303‌
1,847‌
2.00%,
02/20/2051
7,910‌
6,346‌
2.00%,
05/20/2051
6,021‌
4,829‌
2.00%,
07/20/2051
8,763‌
7,029‌
2.50%,
06/20/2027
27‌
26‌
2.50%,
12/20/2030
35‌
33‌
2.50%,
03/20/2031
64‌
59‌
2.50%,
07/20/2043
69‌
59‌
2.50%,
12/20/2046
165‌
139‌
2.50%,
01/20/2047
53‌
45‌
2.50%,
06/20/2050
2,510‌
2,101‌
2.50%,
04/20/2051
2,021‌
1,685‌
2.50%,
05/20/2051
7,027‌
5,858‌
2.50%,
07/20/2051
7,953‌
6,630‌
2.50%,
09/20/2051
8,557‌
7,134‌
3.00%,
02/15/2027
13‌
13‌
3.00%,
08/20/2029
23‌
22‌
3.00%,
09/20/2029
28‌
27‌
3.00%,
07/20/2030
24‌
23‌
3.00%,
01/20/2031
28‌
27‌
3.00%,
07/20/2032
32‌
30‌
3.00%,
03/20/2043
229‌
199‌
3.00%,
03/20/2043
46‌
41‌
3.00%,
04/20/2043
297‌
262‌
3.00%,
06/20/2043
263‌
232‌
3.00%,
08/20/2043
286‌
252‌
3.00%,
12/15/2044
27‌
23‌
3.00%,
01/15/2045
28‌
24‌
3.00%,
01/15/2045
22‌
20‌
3.00%,
02/20/2045
25‌
22‌
3.00%,
05/20/2045
163‌
144‌
3.00%,
06/20/2045
66‌
58‌
3.00%,
07/20/2045
486‌
427‌
3.00%,
12/20/2045
114‌
101‌
3.00%,
01/20/2046
50‌
44‌
3.00%,
03/20/2046
202‌
178‌
3.00%,
04/20/2046
442‌
388‌
3.00%,
05/20/2046
327‌
287‌
3.00%,
06/20/2046
319‌
280‌
3.00%,
07/20/2046
724‌
635‌
3.00%,
08/20/2046
301‌
264‌
3.00%,
09/20/2046
226‌
198‌
3.00%,
10/20/2046
172‌
151‌
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
33
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Government
National
Mortgage
Association
(GNMA)
(continued)
3.00%,
11/20/2046
$
393‌
$
338‌
3.00%,
12/15/2046
63‌
55‌
3.00%,
09/20/2051
7,889‌
6,824‌
3.00%,
12/20/2051
7,650‌
6,611‌
3.50%,
05/20/2042
70‌
64‌
3.50%,
06/20/2042
72‌
66‌
3.50%,
07/20/2042
282‌
257‌
3.50%,
09/20/2042
217‌
198‌
3.50%,
10/20/2042
156‌
143‌
3.50%,
11/20/2042
137‌
125‌
3.50%,
12/20/2042
144‌
131‌
3.50%,
01/20/2043
238‌
217‌
3.50%,
02/20/2043
376‌
343‌
3.50%,
03/20/2043
254‌
232‌
3.50%,
04/15/2043
97‌
89‌
3.50%,
04/20/2043
168‌
151‌
3.50%,
05/20/2043
112‌
102‌
3.50%,
07/20/2043
144‌
132‌
3.50%,
08/20/2043
347‌
316‌
3.50%,
09/20/2043
249‌
228‌
3.50%,
10/20/2043
117‌
107‌
3.50%,
09/20/2044
94‌
85‌
3.50%,
10/20/2044
109‌
99‌
3.50%,
11/20/2044
103‌
94‌
3.50%,
12/20/2044
107‌
97‌
3.50%,
01/20/2045
104‌
94‌
3.50%,
02/20/2045
140‌
127‌
3.50%,
03/15/2045
24‌
22‌
3.50%,
03/20/2045
175‌
159‌
3.50%,
04/15/2045
9‌
8‌
3.50%,
04/20/2045
104‌
94‌
3.50%,
04/20/2045
170‌
154‌
3.50%,
05/20/2045
171‌
155‌
3.50%,
06/20/2045
26‌
24‌
3.50%,
07/20/2045
146‌
132‌
3.50%,
08/20/2045
160‌
145‌
3.50%,
09/20/2045
152‌
138‌
3.50%,
10/20/2045
137‌
124‌
3.50%,
11/20/2045
244‌
221‌
3.50%,
12/20/2045
179‌
162‌
3.50%,
02/20/2046
146‌
132‌
3.50%,
08/15/2046
27‌
25‌
3.50%,
09/15/2046
67‌
60‌
3.50%,
07/20/2047
3,297‌
2,983‌
3.50%,
01/15/2048
36‌
32‌
3.50%,
01/20/2048
1,897‌
1,711‌
3.50%,
02/20/2048
4,380‌
3,952‌
3.50%,
09/15/2048
80‌
73‌
4.00%,
11/20/2043
199‌
188‌
4.00%,
02/20/2044
81‌
76‌
4.00%,
05/15/2044
68‌
64‌
4.00%,
05/20/2044
46‌
43‌
4.00%,
07/20/2044
14‌
13‌
4.00%,
08/20/2044
103‌
97‌
4.00%,
09/20/2044
92‌
87‌
4.00%,
10/20/2044
333‌
314‌
4.00%,
11/15/2044
42‌
39‌
4.00%,
11/20/2044
65‌
61‌
4.00%,
12/20/2044
123‌
116‌
4.00%,
01/20/2045
53‌
50‌
4.00%,
03/20/2045
82‌
77‌
4.00%,
08/20/2045
90‌
84‌
4.00%,
09/15/2045
10‌
9‌
4.00%,
09/20/2045
105‌
98‌
4.00%,
10/20/2045
133‌
125‌
4.00%,
11/20/2045
184‌
172‌
4.00%,
12/15/2045
33‌
31‌
4.00%,
01/20/2046
214‌
200‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Government
National
Mortgage
Association
(GNMA)
(continued)
4.00%,
02/20/2046
$
34‌
$
32‌
4.00%,
04/20/2046
128‌
120‌
4.00%,
10/20/2046
37‌
34‌
4.00%,
11/20/2046
168‌
157‌
4.00%,
01/20/2047
10‌
9‌
4.00%,
02/20/2047
151‌
141‌
4.00%,
03/20/2047
103‌
96‌
4.00%,
05/20/2047
35‌
32‌
4.00%,
11/20/2047
227‌
212‌
4.00%,
04/20/2052
7,329‌
6,737‌
4.50%,
03/15/2039
77‌
75‌
4.50%,
03/15/2040
81‌
79‌
4.50%,
07/15/2040
99‌
95‌
4.50%,
02/20/2041
18‌
17‌
4.50%,
03/20/2041
13‌
12‌
4.50%,
05/15/2045
16‌
15‌
4.50%,
12/20/2046
126‌
122‌
4.50%,
10/15/2047
62‌
59‌
4.50%,
02/20/2049
2,798‌
2,680‌
4.50%,
09/20/2052
6,174‌
5,842‌
5.00%,
05/15/2033
71‌
70‌
5.00%,
07/20/2038
58‌
57‌
5.00%,
10/15/2038
97‌
97‌
5.00%,
04/20/2039
42‌
42‌
5.00%,
10/15/2041
80‌
78‌
5.00%,
01/20/2045
67‌
66‌
5.00%,
02/20/2046
25‌
25‌
5.00%,
12/20/2046
49‌
49‌
5.00%,
08/20/2048
16‌
16‌
5.00%,
10/20/2048
59‌
58‌
5.00%,
12/20/2052
1,006‌
978‌
5.00%,
01/20/2053
6,699‌
6,507‌
5.50%,
03/15/2038
48‌
49‌
5.50%,
02/15/2039
42‌
43‌
5.50%,
06/15/2040
85‌
86‌
5.50%,
07/20/2044
51‌
52‌
5.50%,
09/20/2044
71‌
73‌
5.50%,
12/20/2048
9‌
9‌
5.50%,
03/20/2053
1,005‌
998‌
5.50%,
08/20/2053
969‌
962‌
5.50%,
06/20/2054
(k)
6,075‌
6,026‌
6.00%,
06/20/2054
(k)
5,975‌
6,012‌
6.00%,
07/20/2054
(k)
2,500‌
2,511‌
6.50%,
06/20/2054
(k)
5,210‌
5,288‌
$
126,398‌
U.S.
Treasury
-
42
.54
%
0.25%,
06/30/2025
2,945‌
2,796‌
0.25%,
07/31/2025
5,885‌
5,566‌
0.25%,
08/31/2025
1,680‌
1,583‌
0.25%,
09/30/2025
1,600‌
1,502‌
0.25%,
10/31/2025
5,070‌
4,742‌
0.38%,
11/30/2025
11,135‌
10,398‌
0.38%,
12/31/2025
3,835‌
3,569‌
0.38%,
07/31/2027
6,345‌
5,557‌
0.50%,
02/28/2026
5,870‌
5,438‌
0.50%,
04/30/2027
14,200‌
12,606‌
0.50%,
05/31/2027
4,955‌
4,384‌
0.50%,
06/30/2027
3,790‌
3,344‌
0.50%,
08/31/2027
7,780‌
6,819‌
0.50%,
10/31/2027
5,120‌
4,461‌
0.63%,
07/31/2026
6,055‌
5,540‌
0.63%,
03/31/2027
3,635‌
3,248‌
0.63%,
11/30/2027
7,625‌
6,653‌
0.63%,
12/31/2027
5,495‌
4,780‌
0.63%,
05/15/2030
21,605‌
17,276‌
0.63%,
08/15/2030
11,910‌
9,437‌
0.75%,
04/30/2026
5,060‌
4,682‌
0.75%,
05/31/2026
9,830‌
9,069‌
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
34
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
U.S.
Treasury
(continued)
0.75%,
08/31/2026
$
13,290‌
$
12,155‌
0.75%,
01/31/2028
10,210‌
8,898‌
0.88%,
06/30/2026
3,825‌
3,529‌
0.88%,
09/30/2026
4,565‌
4,177‌
0.88%,
11/15/2030
13,310‌
10,641‌
1.00%,
07/31/2028
8,595‌
7,447‌
1.13%,
10/31/2026
5,395‌
4,951‌
1.13%,
02/28/2027
605‌
550‌
1.13%,
02/29/2028
5,245‌
4,625‌
1.13%,
08/31/2028
7,015‌
6,095‌
1.13%,
02/15/2031
13,650‌
11,036‌
1.13%,
05/15/2040
4,465‌
2,703‌
1.13%,
08/15/2040
3,885‌
2,330‌
1.25%,
11/30/2026
8,500‌
7,807‌
1.25%,
12/31/2026
9,625‌
8,822‌
1.25%,
04/30/2028
2,045‌
1,804‌
1.25%,
05/31/2028
8,310‌
7,311‌
1.25%,
06/30/2028
9,680‌
8,496‌
1.25%,
09/30/2028
5,880‌
5,125‌
1.25%,
08/15/2031
10,095‌
8,100‌
1.25%,
05/15/2050
3,280‌
1,597‌
1.38%,
08/31/2026
4,375‌
4,058‌
1.38%,
10/31/2028
8,830‌
7,722‌
1.38%,
12/31/2028
7,435‌
6,474‌
1.38%,
11/15/2031
11,485‌
9,235‌
1.38%,
11/15/2040
3,990‌
2,483‌
1.38%,
08/15/2050
4,950‌
2,489‌
1.50%,
08/15/2026
4,500‌
4,191‌
1.50%,
01/31/2027
1,475‌
1,357‌
1.50%,
11/30/2028
6,840‌
6,003‌
1.50%,
02/15/2030
4,640‌
3,945‌
1.63%,
02/15/2026
2,808‌
2,656‌
1.63%,
05/15/2026
5,426‌
5,100‌
1.63%,
09/30/2026
495‌
461‌
1.63%,
10/31/2026
3,185‌
2,959‌
1.63%,
11/30/2026
2,925‌
2,712‌
1.63%,
08/15/2029
3,890‌
3,378‌
1.63%,
05/15/2031
11,030‌
9,161‌
1.63%,
11/15/2050
7,265‌
3,909‌
1.75%,
12/31/2026
2,055‌
1,908‌
1.75%,
01/31/2029
14,125‌
12,491‌
1.75%,
11/15/2029
2,360‌
2,054‌
1.75%,
08/15/2041
8,245‌
5,378‌
1.88%,
06/30/2026
3,625‌
3,415‌
1.88%,
07/31/2026
1,340‌
1,260‌
1.88%,
02/28/2027
7,160‌
6,643‌
1.88%,
02/28/2029
5,360‌
4,760‌
1.88%,
02/15/2032
9,805‌
8,144‌
1.88%,
02/15/2041
9,830‌
6,639‌
1.88%,
02/15/2051
6,040‌
3,468‌
1.88%,
11/15/2051
8,380‌
4,778‌
2.00%,
08/15/2025
3,995‌
3,851‌
2.00%,
11/15/2026
3,845‌
3,602‌
2.00%,
11/15/2041
5,285‌
3,582‌
2.00%,
02/15/2050
7,890‌
4,718‌
2.00%,
08/15/2051
10,165‌
6,001‌
2.13%,
05/31/2026
4,130‌
3,916‌
2.25%,
11/15/2025
4,590‌
4,412‌
2.25%,
03/31/2026
1,425‌
1,359‌
2.25%,
02/15/2027
4,285‌
4,021‌
2.25%,
08/15/2027
4,875‌
4,531‌
2.25%,
11/15/2027
6,555‌
6,064‌
2.25%,
05/15/2041
6,930‌
4,954‌
2.25%,
08/15/2046
595‌
392‌
2.25%,
08/15/2049
6,550‌
4,173‌
2.25%,
02/15/2052
6,160‌
3,857‌
2.38%,
04/30/2026
2,895‌
2,763‌
2.38%,
05/15/2027
1,710‌
1,603‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
U.S.
Treasury
(continued)
2.38%,
03/31/2029
$
6,075‌
$
5,515‌
2.38%,
05/15/2029
6,050‌
5,481‌
2.38%,
02/15/2042
6,020‌
4,329‌
2.38%,
11/15/2049
3,305‌
2,162‌
2.38%,
05/15/2051
6,765‌
4,385‌
2.50%,
02/28/2026
945‌
907‌
2.50%,
03/31/2027
1,825‌
1,720‌
2.50%,
02/15/2045
3,700‌
2,607‌
2.50%,
02/15/2046
1,520‌
1,059‌
2.63%,
12/31/2025
4,285‌
4,131‌
2.63%,
01/31/2026
7,320‌
7,046‌
2.63%,
05/31/2027
2,855‌
2,693‌
2.63%,
02/15/2029
7,695‌
7,080‌
2.63%,
07/31/2029
2,255‌
2,061‌
2.75%,
06/30/2025
3,290‌
3,208‌
2.75%,
08/31/2025
6,495‌
6,312‌
2.75%,
04/30/2027
2,180‌
2,066‌
2.75%,
02/15/2028
2,955‌
2,770‌
2.75%,
05/31/2029
2,500‌
2,304‌
2.75%,
08/15/2032
4,220‌
3,717‌
2.75%,
08/15/2042
739‌
561‌
2.75%,
11/15/2042
1,090‌
825‌
2.75%,
11/15/2047
1,605‌
1,153‌
2.88%,
06/15/2025
4,890‌
4,777‌
2.88%,
11/30/2025
3,075‌
2,980‌
2.88%,
05/15/2028
3,870‌
3,635‌
2.88%,
08/15/2028
6,250‌
5,852‌
2.88%,
04/30/2029
4,605‌
4,274‌
2.88%,
05/15/2032
10,200‌
9,098‌
2.88%,
05/15/2043
2,880‌
2,212‌
2.88%,
11/15/2046
600‌
445‌
2.88%,
05/15/2049
4,490‌
3,272‌
2.88%,
05/15/2052
1,405‌
1,014‌
3.00%,
07/15/2025
3,040‌
2,970‌
3.00%,
09/30/2025
540‌
526‌
3.00%,
10/31/2025
8,300‌
8,070‌
3.00%,
05/15/2042
1,705‌
1,351‌
3.00%,
11/15/2044
2,290‌
1,767‌
3.00%,
05/15/2045
1,340‌
1,030‌
3.00%,
11/15/2045
1,095‌
839‌
3.00%,
02/15/2047
3,175‌
2,405‌
3.00%,
05/15/2047
1,190‌
900‌
3.00%,
02/15/2048
3,415‌
2,567‌
3.00%,
08/15/2048
1,210‌
907‌
3.00%,
02/15/2049
3,190‌
2,385‌
3.00%,
08/15/2052
4,610‌
3,415‌
3.13%,
08/15/2025
7,555‌
7,381‌
3.13%,
11/15/2028
6,035‌
5,693‌
3.13%,
08/31/2029
3,010‌
2,817‌
3.13%,
11/15/2041
7,350‌
5,981‌
3.13%,
02/15/2042
1,140‌
924‌
3.13%,
02/15/2043
815‌
653‌
3.13%,
08/15/2044
2,320‌
1,834‌
3.13%,
05/15/2048
1,030‌
791‌
3.25%,
06/30/2027
1,635‌
1,570‌
3.25%,
06/30/2029
4,380‌
4,130‌
3.25%,
05/15/2042
5,235‌
4,306‌
3.38%,
05/15/2033
6,975‌
6,402‌
3.38%,
08/15/2042
3,025‌
2,527‌
3.38%,
11/15/2048
4,320‌
3,465‌
3.50%,
09/15/2025
6,800‌
6,666‌
3.50%,
01/31/2028
3,970‌
3,824‌
3.50%,
01/31/2030
7,810‌
7,416‌
3.50%,
04/30/2030
3,395‌
3,218‌
3.50%,
02/15/2033
8,390‌
7,790‌
3.50%,
02/15/2039
1,130‌
1,006‌
3.63%,
03/31/2028
1,760‌
1,701‌
3.63%,
03/31/2030
4,260‌
4,067‌
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
35
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
U.S.
Treasury
(continued)
3.63%,
08/15/2043
$
2,410‌
$
2,071‌
3.63%,
02/15/2044
1,245‌
1,067‌
3.63%,
02/15/2053
2,325‌
1,947‌
3.63%,
05/15/2053
7,665‌
6,421‌
3.75%,
05/31/2030
2,265‌
2,175‌
3.75%,
06/30/2030
800‌
768‌
3.75%,
08/15/2041
2,175‌
1,941‌
3.88%,
01/15/2026
1,405‌
1,381‌
3.88%,
11/30/2027
1,075‌
1,049‌
3.88%,
12/31/2027
5,365‌
5,237‌
3.88%,
09/30/2029
6,260‌
6,071‌
3.88%,
11/30/2029
2,300‌
2,229‌
3.88%,
08/15/2033
4,430‌
4,222‌
3.88%,
08/15/2040
1,350‌
1,234‌
3.88%,
02/15/2043
2,125‌
1,900‌
3.88%,
05/15/2043
1,060‌
946‌
4.00%,
02/15/2026
5,940‌
5,847‌
4.00%,
01/31/2029
2,680‌
2,621‌
4.00%,
07/31/2030
5,145‌
5,004‌
4.00%,
02/15/2034
5,665‌
5,446‌
4.00%,
11/15/2042
3,150‌
2,871‌
4.00%,
11/15/2052
8,210‌
7,372‌
4.13%,
09/30/2027
3,685‌
3,628‌
4.13%,
11/15/2032
7,390‌
7,197‌
4.13%,
08/15/2053
3,930‌
3,605‌
4.25%,
10/15/2025
6,070‌
6,005‌
4.25%,
03/15/2027
2,415‌
2,387‌
4.25%,
05/15/2039
375‌
362‌
4.25%,
11/15/2040
1,088‌
1,040‌
4.25%,
02/15/2054
270‌
253‌
4.38%,
08/15/2026
1,610‌
1,595‌
4.38%,
02/15/2038
495‌
489‌
4.38%,
11/15/2039
700‌
684‌
4.38%,
05/15/2040
595‌
580‌
4.38%,
05/15/2041
5,250‌
5,082‌
4.38%,
08/15/2043
1,645‌
1,571‌
4.50%,
03/31/2026
8,005‌
7,947‌
4.50%,
11/15/2033
7,780‌
7,781‌
4.50%,
02/15/2036
440‌
444‌
4.50%,
05/15/2038
1,200‌
1,199‌
4.50%,
08/15/2039
730‌
724‌
4.63%,
02/28/2026
7,510‌
7,469‌
4.63%,
03/15/2026
6,985‌
6,948‌
4.63%,
04/30/2031
2,030‌
2,045‌
4.63%,
02/15/2040
1,345‌
1,350‌
4.75%,
07/31/2025
4,270‌
4,252‌
4.75%,
02/15/2037
1,250‌
1,286‌
4.75%,
02/15/2041
1,794‌
1,819‌
4.75%,
11/15/2053
1,615‌
1,645‌
5.00%,
08/31/2025
12,245‌
12,227‌
5.00%,
10/31/2025
1,490‌
1,489‌
5.00%,
05/15/2037
385‌
405‌
5.25%,
11/15/2028
409‌
420‌
5.25%,
02/15/2029
795‌
820‌
5.38%,
02/15/2031
1,100‌
1,161‌
5.50%,
08/15/2028
1,115‌
1,158‌
6.13%,
11/15/2027
700‌
734‌
6.25%,
05/15/2030
1,050‌
1,145‌
6.38%,
08/15/2027
1,540‌
1,620‌
6.50%,
11/15/2026
1,000‌
1,047‌
6.63%,
02/15/2027
450‌
473‌
$
861,530‌
TOTAL
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
$
1,405,409‌
Total
Investments
$
2,073,361‌
Other
Assets
and
Liabilities
-  (2.39)%
(
48,366‌
)
TOTAL
NET
ASSETS
-
100.00%
$
2,024,995‌
(a)
Security
or
a
portion
of
the
security
was
on
loan.  At
the
end
of
the
period,
the
value
of
these
securities
totaled
$20,917
or
1.03%
of
net
assets.
(b)
1-day
yield
shown
is
as
of
period
end.
(c)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$21,339
or
1.05%
of
net
assets.
(d)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(e)
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
$3,298
or
0.16%
of
net
assets.
(f)
Rate
shown
is
as
of
period
end.
The
rate
may
be
a
variable
or
floating
rate
or
a
fixed
rate
which
may
convert
to
a
variable
or
floating
rate
in
the
future.
(g)
Security
purchased
on
a
when-issued
basis.
(h)
Non-income
producing
security
(i)
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.
Rate
shown
is
the
rate
in
effect
as
of
period
end.
(j)
Credit
support
indicates
investments
that
benefit
from
credit
enhancement
or
liquidity
support
provided
by
a
third
party
bank,
institution,
or
government
agency.
(k)
Security
was
purchased
in
a
"to-be-announced"
("TBA")
transaction.
Portfolio
Summary
Sector
Percent
Government
46
.15‌
%
Mortgage
Securities
27
.04‌
%
Financial
8
.44‌
%
Consumer,
Non-cyclical
4
.30‌
%
Money
Market
Funds
4
.06‌
%
Utilities
2
.22‌
%
Communications
2
.04‌
%
Industrial
1
.86‌
%
Technology
1
.81‌
%
Energy
1
.71‌
%
Consumer,
Cyclical
1
.36‌
%
Exchange-Traded
Funds
0
.69‌
%
Basic
Materials
0
.55‌
%
Revenue
Bonds
0
.07‌
%
General
Obligation
Unlimited
0
.07‌
%
Insured
0
.02‌
%
Other
Assets
and
Liabilities
(
2
.39‌
)
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
Bond
Market
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
36
Affiliated
Securities
August
31,
2023
Purchases
Sales
May
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
$
55,110‌
$
535,153‌
$
516,330‌
$
73,933‌
$
55,110‌
$
535,153‌
$
516,330‌
$
73,933‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
$
1,576‌
$
—‌
$
—‌
$
—‌
$
1,576‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
Capital
Securities
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
37
INVESTMENT
COMPANIES
-
1.60%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0.12%
Invesco
Preferred
ETF
(a)
121,647‌
$
1,406‌
Money
Market
Funds
-
1.48%
BlackRock
Liquidity
FedFund
-
Institutional
Class
5.21%
(b),(c)
4,871,240‌
4,871‌
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
(b),(c),(d)
12,079,834‌
12,080‌
$
16,951‌
TOTAL
INVESTMENT
COMPANIES
$
18,357‌
PREFERRED
STOCKS
-
0
.26%
Shares
Held
Value
(000's)
Banks
-
0.19%
Cullen/Frost
Bankers
Inc
4.45%,
12/15/2025
(e)
55,739‌
$
1,019‌
US
Bancorp
6.19%,
07/05/2024
(a),(e)
51,995‌
1,117‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.86%
$
2,136‌
Diversified
Financial
Services
-
0.01%
Affiliated
Managers
Group
Inc
4.20%,
09/30/2061
9,119‌
152‌
Insurance
-
0.06%
Assurant
Inc
5.25%,
01/15/2061
29,885‌
629‌
TOTAL
PREFERRED
STOCKS
$
2,917‌
BONDS
-
97.80%
Principal
Amount
(000's)
Value
(000's)
Banks
-
60.94%
Australia
&
New
Zealand
Banking
Group
Ltd/
United
Kingdom
6.75%,
06/15/2026
(e),(f),(g),(h)
$
1,900‌
$
1,907‌
USD
Swap
Rate
NY
5
Year
+
5.17%
Banco
Bilbao
Vizcaya
Argentaria
SA
6.13%,
11/16/2027
(e),(f),(g)
600‌
551‌
USD
Swap
Semi-Annual
5
Year
+
3.87%
6.50%,
03/05/2025
(e),(f),(g)
11,400‌
11,307‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.19%
9.38%,
03/19/2029
(e),(f),(g)
8,500‌
9,070‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.10%
Banco
Santander
SA
4.75%,
11/12/2026
(e),(f),(g)
10,400‌
9,315‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.75%
9.63%,
11/21/2028
(e),(f),(g)
3,000‌
3,207‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.31%
9.63%,
05/21/2033
(e),(f),(g)
5,000‌
5,484‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.30%
Bank
of
America
Corp
6.13%,
04/27/2027
(e),(f)
10,304‌
10,278‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.23%
Bank
of
Montreal
7.70%,
05/26/2084
(f)
7,300‌
7,383‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.45%
Bank
of
New
York
Mellon
Corp/The
3.70%,
03/20/2026
(e),(f)
25,000‌
23,755‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.35%
3.75%,
12/20/2026
(e),(f)
19,600‌
17,992‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.63%
4.63%,
09/20/2026
(e),(f)
7,300‌
6,900‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.39%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Bank
of
Nova
Scotia/The
3.63%,
10/27/2081
(f)
$
7,600‌
$
6,226‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.61%
4.90%,
06/04/2025
(e),(f)
24,000‌
23,531‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.55%
8.63%,
10/27/2082
(f)
3,300‌
3,445‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.39%
Barclays
PLC
4.38%,
03/15/2028
(e),(f),(g)
8,000‌
6,683‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.41%
8.00%,
06/15/2024
(e),(f),(g)
2,000‌
1,998‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.67%
8.00%,
03/15/2029
(e),(f),(g)
1,200‌
1,198‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.43%
9.63%,
12/15/2029
(e),(f),(g)
1,800‌
1,919‌
USD
SOFR
ICE
Swap
Rate
5
Year
+
5.78%
BNP
Paribas
SA
4.50%,
02/25/2030
(a),(e),(f),(g),(h)
3,500‌
2,860‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.94%
4.63%,
02/25/2031
(e),(f),(g),(h)
7,000‌
5,773‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.34%
7.38%,
08/19/2025
(e),(f),(g),(h)
6,803‌
6,808‌
USD
Swap
Semi-Annual
5
Year
+
5.15%
8.50%,
08/14/2028
(e),(f),(g),(h)
2,000‌
2,089‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.35%
9.25%,
11/17/2027
(e),(f),(g)
1,400‌
1,495‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.97%
Citigroup
Inc
3.88%,
02/18/2026
(e),(f)
22,661‌
21,319‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.42%
4.00%,
12/10/2025
(e),(f)
12,000‌
11,468‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.60%
4.70%,
01/30/2025
(e),(f)
7,000‌
6,851‌
Secured
Overnight
Financing
Rate
+
3.23%
6.25%,
08/15/2026
(e),(f)
1,239‌
1,237‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.78%
7.38%,
05/15/2028
(a),(e),(f)
3,600‌
3,685‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.21%
Citizens
Financial
Group
Inc
4.00%,
10/06/2026
(e),(f)
3,900‌
3,525‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.22%
5.65%,
10/06/2025
(a),(e),(f)
8,000‌
7,835‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.31%
6.38%,
07/06/2024
(e)
4,975‌
4,884‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.42%
Corestates
Capital
III
6.15%,
02/15/2027
(h)
10,571‌
10,355‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.83%
Schedule
of
Investments
Capital
Securities
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
38
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Credit
Agricole
SA
8.13%,
12/23/2025
(e),(f),(g),(h)
$
8,932‌
$
9,111‌
USD
Swap
Semi-Annual
5
Year
+
6.19%
Danske
Bank
A/S
7.00%,
06/26/2025
(e),(f),(g)
4,400‌
4,378‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
7
Year
+
4.13%
Depository
Trust
&
Clearing
Corp/The
3.38%,
06/20/2026
(e),(f),(h)
2,500‌
2,213‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.61%
Fifth
Third
Bancorp
4.50%,
09/30/2025
(e),(f)
2,200‌
2,121‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.22%
Goldman
Sachs
Group
Inc/The
3.65%,
08/10/2026
(e),(f)
7,100‌
6,517‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.92%
3.80%,
05/10/2026
(e),(f)
444‌
416‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.97%
4.95%,
02/10/2025
(e),(f)
1,000‌
985‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.22%
5.50%,
08/10/2024
(e),(f)
3,500‌
3,485‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.62%
7.50%,
02/10/2029
(e),(f)
1,000‌
1,042‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.16%
7.50%,
05/10/2029
(e),(f)
12,000‌
12,329‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.81%
HSBC
Capital
Funding
Dollar
1
LP
10.18%,
06/30/2030
(e),(f),(h)
1,700‌
2,056‌
3
Month
USD
LIBOR
+
4.98%
10.18%,
06/30/2030
(e),(f)
7,300‌
8,831‌
3
Month
USD
LIBOR
+
4.98%
HSBC
Holdings
PLC
6.00%,
05/22/2027
(e),(f),(g)
3,000‌
2,867‌
USD
Swap
Rate
NY
5
Year
+
3.75%
6.38%,
09/17/2024
(e),(f),(g)
1,300‌
1,299‌
USD
Swap
Rate
NY
5
Year
+
3.71%
6.50%,
03/23/2028
(e),(f),(g)
500‌
484‌
USD
Swap
Rate
NY
5
Year
+
3.61%
8.00%,
03/07/2028
(e),(f),(g)
5,000‌
5,194‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.86%
Huntington
Bancshares
Inc/OH
4.45%,
10/15/2027
(e),(f)
19,200‌
17,716‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
7
Year
+
4.05%
5.63%,
07/15/2030
(e),(f)
8,700‌
8,084‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
10
Year
+
4.95%
Huntington
Capital
II
6.22%,
06/15/2028
2,400‌
2,163‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.89%
Huntington
National
Bank/The
5.50%,
05/06/2030
(f)
2,000‌
1,947‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
5.35%
ING
Groep
NV
5.75%,
11/16/2026
(e),(f),(g)
7,515‌
7,230‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.34%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Intesa
Sanpaolo
SpA
7.70%,
09/17/2025
(e),(f),(g),(h)
$
7,000‌
$
6,988‌
USD
Swap
Semi-Annual
5
Year
+
5.46%
JPMorgan
Chase
&
Co
3.65%,
06/01/2026
(e),(f)
21,993‌
20,643‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.85%
6.88%,
06/01/2029
(e),(f)
8,600‌
8,874‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.74%
KeyCorp
5.00%,
09/15/2026
(e),(f)
3,775‌
3,366‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.87%
KeyCorp
Capital
I
6.30%,
07/01/2028
1,500‌
1,362‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.00%
KeyCorp
Capital
III
7.75%,
07/15/2029
2,700‌
2,715‌
Lloyds
Banking
Group
PLC
7.50%,
06/27/2024
(e),(f),(g)
4,300‌
4,303‌
USD
Swap
Semi-Annual
5
Year
+
4.76%
7.50%,
09/27/2025
(e),(f),(g)
15,850‌
15,782‌
USD
Swap
Rate
NY
5
Year
+
4.50%
8.00%,
09/27/2029
(a),(e),(f),(g)
2,000‌
2,017‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.91%
M&T
Bank
Corp
3.50%,
09/01/2026
(e),(f)
8,000‌
6,583‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.68%
5.13%,
11/01/2026
(e),(f)
4,000‌
3,755‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.78%
9.19%,
08/15/2024
(a),(e)
1,300‌
1,312‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.87%
NatWest
Group
PLC
4.60%,
06/28/2031
(e),(f),(g)
10,000‌
7,938‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.10%
6.00%,
12/29/2025
(e),(f),(g)
8,000‌
7,817‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.63%
8.00%,
08/10/2025
(e),(f),(g)
8,000‌
8,044‌
USD
Swap
Semi-Annual
5
Year
+
5.72%
Nordea
Bank
Abp
6.13%,
09/23/2024
(e),(f),(g),(h)
4,300‌
4,287‌
USD
Swap
Semi-Annual
5
Year
+
3.39%
6.63%,
03/26/2026
(e),(f),(g),(h)
15,600‌
15,381‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.11%
PNC
Capital
Trust
C
6.17%,
06/01/2028
3,000‌
2,844‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.83%
PNC
Financial
Services
Group
Inc/The
3.40%,
09/15/2026
(e),(f)
2,300‌
2,044‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.60%
6.00%,
05/15/2027
(e),(f)
13,600‌
13,235‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.00%
6.20%,
09/15/2027
(e),(f)
2,000‌
1,965‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.24%
Schedule
of
Investments
Capital
Securities
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
39
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
PNC
Financial
Services
Group
Inc/The  
(continued)
6.25%,
03/15/2030
(e),(f)
$
7,500‌
$
7,157‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
7
Year
+
2.81%
Regions
Financial
Corp
5.75%,
06/15/2025
(a),(e),(f)
3,500‌
3,464‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.43%
Royal
Bank
of
Canada
7.50%,
05/02/2084
(f)
8,000‌
8,140‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.89%
Skandinaviska
Enskilda
Banken
AB
5.13%,
05/13/2025
(e),(f),(g)
5,000‌
4,887‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.46%
Societe
Generale
SA
8.50%,
03/25/2034
(e),(f),(g),(h)
3,600‌
3,514‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.15%
10.00%,
11/14/2028
(e),(f),(g),(h)
7,000‌
7,434‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.45%
Standard
Chartered
PLC
4.75%,
01/14/2031
(e),(f),(g)
7,500‌
6,143‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.81%
6.00%,
07/26/2025
(a),(e),(f),(g)
1,000‌
980‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.66%
7.01%,
07/30/2037
(e),(f),(h)
7,100‌
7,113‌
3
Month
USD
LIBOR
+
1.46%
7.01%,
07/30/2037
(e),(f)
2,000‌
2,004‌
3
Month
USD
LIBOR
+
1.46%
7.88%,
03/08/2030
(e),(f),(g),(h)
1,000‌
992‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.57%
State
Street
Corp
6.70%,
03/15/2029
(e),(f)
3,900‌
3,941‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.61%
Swedbank
AB
5.63%,
09/17/2024
(e),(f),(g)
1,800‌
1,787‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.13%
7.75%,
03/17/2030
(e),(f),(g)
3,000‌
2,974‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.66%
Toronto-Dominion
Bank/The
8.13%,
10/31/2082
(f)
13,601‌
14,097‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.08%
Truist
Financial
Corp
4.80%,
09/01/2024
(e),(f)
23,120‌
22,588‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.00%
4.95%,
09/01/2025
(e),(f)
8,100‌
7,926‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.61%
6.24%,
03/15/2028
2,000‌
1,914‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.91%
6.25%,
05/15/2027
4,500‌
4,366‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.93%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
UBS
Group
AG
3.88%,
06/02/2026
(a),(e),(f),(g),(h)
$
10,000‌
$
9,237‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.10%
4.88%,
02/12/2027
(e),(f),(g),(h)
12,000‌
10,974‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.40%
6.88%,
08/07/2025
(e),(f),(g)
19,500‌
19,297‌
USD
Swap
Semi-Annual
(VS
6
Month)
5
Year
+
4.59%
UniCredit
SpA
8.00%,
06/03/2024
(e),(f),(g)
10,300‌
10,300‌
USD
Swap
Semi-Annual
5
Year
+
5.18%
US
Bancorp
3.70%,
01/15/2027
(e),(f)
32,500‌
28,926‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.54%
Wells
Fargo
&
Co
3.90%,
03/15/2026
(e),(f)
16,700‌
15,783‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.45%
7.63%,
09/15/2028
(e),(f)
6,800‌
7,161‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.61%
$
697,155‌
Diversified
Financial
Services
-
9.29%
American
Express
Co
3.55%,
09/15/2026
(e),(f)
29,789‌
27,154‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.85%
Capital
One
Financial
Corp
3.95%,
09/01/2026
(e),(f)
11,200‌
10,065‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.16%
Charles
Schwab
Corp/The
4.00%,
06/01/2026
(e),(f)
26,000‌
24,185‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.17%
5.38%,
06/01/2025
(e),(f)
13,207‌
12,998‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.97%
Discover
Financial
Services
6.13%,
06/23/2025
(a),(e),(f)
21,300‌
21,176‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.78%
Voya
Financial
Inc
4.70%,
01/23/2048
(f)
10,800‌
9,231‌
3
Month
USD
LIBOR
+
2.08%
7.76%,
09/15/2028
(e),(f)
1,400‌
1,440‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.36%
$
106,249‌
Electric
-
6.36%
American
Electric
Power
Co
Inc
3.88%,
02/15/2062
(f)
7,100‌
6,468‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.68%
Dominion
Energy
Inc
4.35%,
01/15/2027
(a),(e),(f)
9,900‌
9,355‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.20%
4.65%,
12/15/2024
(e),(f)
27,300‌
27,178‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.99%
Schedule
of
Investments
Capital
Securities
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
40
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
Duke
Energy
Corp
3.25%,
01/15/2082
(f)
$
5,000‌
$
4,461‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.32%
4.88%,
09/16/2024
(e),(f)
17,839‌
17,586‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.39%
NextEra
Energy
Capital
Holdings
Inc
3.80%,
03/15/2082
(f)
2,000‌
1,817‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.55%
6.70%,
09/01/2054
(f)
2,700‌
2,699‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.36%
7.63%,
10/01/2066
3,341‌
3,215‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.33%
$
72,779‌
Food
-
0.58%
Dairy
Farmers
of
America
Inc
7.13%,
12/01/2026
(e),(h)
7,000‌
6,597‌
Insurance
-
12.66%
ACE
Capital
Trust
II
9.70%,
04/01/2030
2,570‌
3,053‌
Allianz
SE
3.20%,
10/30/2027
(e),(f),(g),(h)
5,000‌
4,119‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.17%
Allstate
Corp/The
8.52%,
08/15/2053
6,900‌
6,920‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.20%
American
International
Group
Inc
5.75%,
04/01/2048
(f)
3,580‌
3,510‌
3
Month
USD
LIBOR
+
2.87%
Argentum
Netherlands
BV
for
Swiss
Re
Ltd
5.75%,
08/15/2050
(f)
500‌
494‌
3
Month
USD
LIBOR
+
3.59%
Argentum
Netherlands
BV
for
Zurich
Insurance
Co
Ltd
5.13%,
06/01/2048
(f)
2,000‌
1,945‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.27%
Cloverie
PLC
for
Zurich
Insurance
Co
Ltd
5.63%,
06/24/2046
(f)
4,900‌
4,839‌
3
Month
USD
LIBOR
+
4.92%
Corebridge
Financial
Inc
6.88%,
12/15/2052
(f)
7,100‌
7,145‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.85%
Equitable
Holdings
Inc
4.95%,
09/15/2025
(a),(e),(f)
1,448‌
1,421‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.74%
Everest
Reinsurance
Holdings
Inc
7.97%,
05/01/2067
1,100‌
1,054‌
3
Month
USD
LIBOR
+
2.39%
Liberty
Mutual
Group
Inc
4.13%,
12/15/2051
(f),(h)
11,500‌
10,639‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.32%
7.80%,
03/07/2087
(h)
6,100‌
6,415‌
3
Month
USD
LIBOR
+
3.58%
Liberty
Mutual
Insurance
Co
7.70%,
10/15/2097
(h)
1,100‌
1,213‌
MetLife
Capital
Trust
IV
7.88%,
12/15/2067
(h)
2,200‌
2,351‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Insurance
(continued)
MetLife
Inc
3.85%,
09/15/2025
(e),(f)
$
7,200‌
$
6,923‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.58%
6.40%,
12/15/2066
700‌
705‌
9.25%,
04/08/2068
(h)
10,372‌
12,022‌
3
Month
USD
LIBOR
+
5.54%
10.75%,
08/01/2069
4,300‌
5,708‌
3
Month
USD
LIBOR
+
7.55%
Muenchener
Rueckversicherungs-Gesellschaft
AG
in
Muenchen
5.88%,
05/23/2042
(f),(h)
3,600‌
3,588‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.98%
Nippon
Life
Insurance
Co
2.75%,
01/21/2051
(f),(h)
4,600‌
3,822‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.65%
2.90%,
09/16/2051
(f),(h)
10,500‌
8,658‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.60%
5.10%,
10/16/2044
(f)
785‌
782‌
USD
Swap
Rate
NY
5
Year
+
3.65%
Prudential
Financial
Inc
3.70%,
10/01/2050
(f)
9,500‌
8,169‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.04%
6.50%,
03/15/2054
(f)
2,000‌
2,005‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.40%
Sumitomo
Life
Insurance
Co
3.38%,
04/15/2081
(f),(h)
5,000‌
4,246‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.75%
Swiss
RE
Subordinated
Finance
PLC
5.70%,
04/05/2035
(f),(h)
1,600‌
1,572‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.81%
Zurich
Finance
Ireland
Designated
Activity
Co
3.00%,
04/19/2051
(f)
31,200‌
25,592‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.78%
3.50%,
05/02/2052
(f)
7,200‌
5,966‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.79%
$
144,876‌
Oil
&
Gas
-
0.42%
BP
Capital
Markets
PLC
4.38%,
06/22/2025
(a),(e),(f)
1,966‌
1,922‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.04%
4.88%,
03/22/2030
(e),(f)
3,000‌
2,831‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.40%
$
4,753‌
Pipelines
-
4.81%
Enbridge
Inc
5.75%,
07/15/2080
(f)
5,000‌
4,660‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.31%
6.00%,
01/15/2077
(f)
4,200‌
4,057‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.15%
6.25%,
03/01/2078
(f)
11,000‌
10,489‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.90%
Schedule
of
Investments
Capital
Securities
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
41
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pipelines
(continued)
Enbridge
Inc  
(continued)
7.63%,
01/15/2083
(f)
$
2,000‌
$
2,025‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.42%
8.50%,
01/15/2084
(f)
600‌
645‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.43%
Enterprise
Products
Operating
LLC
5.25%,
08/16/2077
(f)
9,881‌
9,438‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.29%
5.38%,
02/15/2078
(f)
1,300‌
1,206‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.83%
Transcanada
Trust
5.50%,
09/15/2079
(a),(f)
12,500‌
11,431‌
Secured
Overnight
Financing
Rate
+
4.42%
5.60%,
03/07/2082
(f)
7,300‌
6,573‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.99%
5.63%,
05/20/2075
(f)
600‌
588‌
3
Month
USD
LIBOR
+
3.53%
5.88%,
08/15/2076
(f)
4,000‌
3,909‌
3
Month
USD
LIBOR
+
4.64%
$
55,021‌
REITs
-
0.69%
Scentre
Group
Trust
2
4.75%,
09/24/2080
(f),(h)
4,000‌
3,830‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.38%
5.13%,
09/24/2080
(f),(h)
4,500‌
4,116‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.69%
$
7,946‌
Sovereign
-
0.83%
CoBank
ACB
4.25%,
01/01/2027
(e),(f)
2,000‌
1,714‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.05%
6.25%,
10/01/2026
(e),(f)
1,000‌
988‌
3
Month
USD
LIBOR
+
4.66%
6.45%,
10/01/2027
(e),(f)
5,000‌
4,953‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.49%
Farm
Credit
Bank
of
Texas
5.70%,
09/15/2025
(e),(f),(h)
1,900‌
1,858‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.42%
$
9,513‌
Telecommunications
-
0.75%
Vodafone
Group
PLC
3.25%,
06/04/2081
(a),(f)
4,400‌
4,118‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.45%
4.13%,
06/04/2081
(f)
5,250‌
4,445‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.77%
$
8,563‌
Transportation
-
0.47%
BNSF
Funding
Trust
I
6.61%,
12/15/2055
(f)
5,400‌
5,342‌
3
Month
USD
LIBOR
+
2.35%
TOTAL
BONDS
$
1,118,794‌
Total
Investments
$
1,140,068‌
Other
Assets
and
Liabilities
-  0.34%
3,873‌
TOTAL
NET
ASSETS
-
100.00%
$
1,143,941‌
(a)
Security
or
a
portion
of
the
security
was
on
loan.  At
the
end
of
the
period,
the
value
of
these
securities
totaled
$12,519
or
1.09%
of
net
assets.
(b)
1-day
yield
shown
is
as
of
period
end.
(c)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$12,941
or
1.13%
of
net
assets.
(d)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(e)
Perpetual
security.
Perpetual
securities
pay
an
indefinite
stream
of
interest,
but
they
may
be
called
by
the
issuer
at
an
earlier
date.
Date
shown,
if
any,
reflects
the
next
call
date
or
final
legal
maturity
date.
Rate
shown
is
as
of
period
end.
(f)
Rate
shown
is
as
of
period
end.
The
rate
may
be
a
variable
or
floating
rate
or
a
fixed
rate
which
may
convert
to
a
variable
or
floating
rate
in
the
future.
(g)
Security
is
a
contingent
convertible
security,
("CoCo").
CoCo's
are
hybrid
debt
securities
that
may
convert
to
equity
or
have
their
principal
written
down
upon
occurrence
of
certain
"triggers".
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$257,422
or
22.50%
of
net
assets.
(h)
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
$184,138
or
16.10%
of
net
assets.
Portfolio
Summary
Sector
Percent
Financial
83.84‌%
Utilities
6.36‌%
Energy
5.23‌%
Money
Market
Funds
1.48‌%
Government
0.83‌%
Communications
0.75‌%
Consumer,
Non-cyclical
0.58‌%
Industrial
0.47‌%
Exchange-Traded
Funds
0.12‌%
Other
Assets
and
Liabilities
0.34‌%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
Capital
Securities
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
42
Affiliated
Securities
August
31,
2023
Purchases
Sales
May
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
$
13,752‌
$
421,743‌
$
423,415‌
$
12,080‌
$
13,752‌
$
421,743‌
$
423,415‌
$
12,080‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
$
516‌
$
—‌
$
—‌
$
—‌
$
516‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
43
INVESTMENT
COMPANIES
-
8.02%
Shares
Held
Value
(000's)
Closed-End
Funds
-
0.10%
Sprott
Physical
Uranium
Trust
(a)
159,900‌
$
3,292‌
Exchange-Traded
Funds
-
5.15%
Global
X
US
Infrastructure
Development
ETF
1,740,000‌
67,338‌
Invesco
Optimum
Yield
Diversified
Commodity
Strategy
No
K-1
ETF
829,320‌
11,652‌
iShares
Global
Infrastructure
ETF
468,666‌
23,630‌
Schwab
US
TIPS
ETF
228,452‌
11,861‌
SPDR
S&P
Global
Natural
Resources
ETF
197,572‌
11,793‌
Vanguard
Real
Estate
ETF
491,683‌
40,928‌
$
167,202‌
Money
Market
Funds
-
2.77%
BlackRock
Liquidity
FedFund
-
Institutional
Class
5.22%
(a),(b),(c)
7,949,380‌
7,949‌
BlackRock
Liquidity
Funds
Treasury
Trust
Fund
-
Institutional
Class
5.23%
(a),(b)
10,876,481‌
10,876‌
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
(b),(c),(d)
70,983,302‌
70,983‌
$
89,808‌
TOTAL
INVESTMENT
COMPANIES
$
260,302‌
COMMON
STOCKS
-
58.11%
Shares
Held
Value
(000's)
Agriculture
-
0.47%
Archer-Daniels-Midland
Co
20,051‌
$
1,252‌
Bunge
Global
SA
21,376‌
2,300‌
Darling
Ingredients
Inc
(e)
274,065‌
11,072‌
Wilmar
International
Ltd
327,000‌
750‌
$
15,374‌
Automobile
Parts
&
Equipment
-
0.13%
Aptiv
PLC
(e)
28,402‌
2,365‌
Contemporary
Amperex
Technology
Co
Ltd
65,800‌
1,786‌
$
4,151‌
Beverages
-
0.01%
Vitasoy
International
Holdings
Ltd
338,000‌
289‌
Biotechnology
-
0.47%
Corteva
Inc
250,481‌
14,012‌
Regeneron
Pharmaceuticals
Inc
(e)
1,219‌
1,195‌
$
15,207‌
Building
Materials
-
0.81%
American
Woodmark
Corp
(e)
3,168‌
273‌
Boise
Cascade
Co
3,020‌
415‌
Builders
FirstSource
Inc
(e)
3,183‌
512‌
Carrier
Global
Corp
36,137‌
2,283‌
CRH
PLC
40,326‌
3,297‌
Dexco
SA
95,420‌
130‌
Interfor
Corp
(e)
70,519‌
918‌
Kingspan
Group
PLC
24,933‌
2,402‌
Lennox
International
Inc
3,877‌
1,949‌
Louisiana-Pacific
Corp
16,484‌
1,511‌
Nibe
Industrier
AB
240,832‌
1,235‌
Stella-Jones
Inc
(f)
10,494‌
626‌
Svenska
Cellulosa
AB
SCA
269,657‌
4,138‌
Trex
Co
Inc
(e)
18,505‌
1,600‌
UFP
Industries
Inc
11,355‌
1,357‌
West
Fraser
Timber
Co
Ltd
43,757‌
3,500‌
$
26,146‌
Chemicals
-
0.81%
CF
Industries
Holdings
Inc
172,753‌
13,773‌
Croda
International
PLC
27,200‌
1,589‌
DSM-Firmenich
AG
25,139‌
2,910‌
FMC
Corp
4,688‌
286‌
ICL
Group
Ltd
78,420‌
371‌
Ingevity
Corp
(e)
8,658‌
423‌
Lenzing
AG
(e)
4,168‌
157‌
Mosaic
Co/The
12,282‌
380‌
Novonesis
(Novozymes)
B
46,543‌
2,776‌
Nutrien
Ltd
53,749‌
3,150‌
Yara
International
ASA
17,713‌
551‌
$
26,366‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Coal
-
0.42%
Teck
Resources
Ltd
12,948‌
$
674‌
Teck
Resources
Ltd
247,961‌
12,906‌
$
13,580‌
Commercial
Services
-
1.12%
Ashtead
Group
PLC
33,435‌
2,449‌
Atlas
Arteria
Ltd
4,110,578‌
14,595‌
Brambles
Ltd
254,280‌
2,417‌
CCR
SA
3,277,682‌
7,522‌
Cengage
Learning
Holdings
II
Inc
(e)
2,772‌
46‌
Transurban
Group
1,110,440‌
9,280‌
$
36,309‌
Computers
-
0.00%
IQOR
US
Inc
(e)
14,193‌
29‌
Consumer
Products
-
0.08%
Avery
Dennison
Corp
3,027‌
689‌
Kimberly-Clark
Corp
12,296‌
1,639‌
Ontex
Group
NV
(e)
37,135‌
367‌
$
2,695‌
Cosmetics
&
Personal
Care
-
0.10%
Essity
AB
67,889‌
1,744‌
Procter
&
Gamble
Co/The
2,095‌
345‌
Unicharm
Corp
35,700‌
1,152‌
$
3,241‌
Electric
-
10.37%
Ameren
Corp
110,015‌
8,072‌
American
Electric
Power
Co
Inc
214,949‌
19,399‌
Boralex
Inc
(f)
109,185‌
2,771‌
Brookfield
Renewable
Corp
(f)
83,469‌
2,633‌
CLP
Holdings
Ltd
1,209,500‌
9,584‌
CMS
Energy
Corp
162,526‌
10,228‌
Constellation
Energy
Corp
23,887‌
5,190‌
CPFL
Energia
SA
385,535‌
2,471‌
Dominion
Energy
Inc
157,801‌
8,509‌
E.ON
SE
630,345‌
8,442‌
EDP
-
Energias
de
Portugal
SA
1,975,191‌
8,037‌
EDP
Renovaveis
SA
514,312‌
8,265‌
Enel
SpA
2,725,649‌
19,790‌
Entergy
Corp
104,723‌
11,780‌
Eversource
Energy
281,822‌
16,692‌
Exelon
Corp
430,045‌
16,148‌
HK
Electric
Investments
&
HK
Electric
Investments
Ltd
4,543,500‌
2,786‌
Iberdrola
SA
350,735‌
4,629‌
National
Grid
PLC
(f)
1,994,915‌
22,602‌
National
Grid
PLC
-
Rights
(e)
661,544‌
1,653‌
NextEra
Energy
Inc
527,056‌
42,175‌
OGE
Energy
Corp
165,458‌
6,006‌
Ormat
Technologies
Inc
33,412‌
2,519‌
Orsted
AS
(e),(g)
134,473‌
8,248‌
PG&E
Corp
304,338‌
5,642‌
PPL
Corp
346,328‌
10,158‌
Public
Service
Enterprise
Group
Inc
73,025‌
5,532‌
Redeia
Corp
SA
589,257‌
10,619‌
Sempra
200,108‌
15,414‌
Southern
Co/The
86,732‌
6,951‌
SSE
PLC
331,450‌
7,456‌
Terna
-
Rete
Elettrica
Nazionale
1,503,297‌
12,653‌
Xcel
Energy
Inc
245,109‌
13,591‌
$
336,645‌
Electrical
Components
&
Equipment
-
0.35%
Delta
Electronics
Inc
290,000‌
2,922‌
Generac
Holdings
Inc
(e)
13,915‌
2,048‌
Legrand
SA
19,789‌
2,149‌
Littelfuse
Inc
9,413‌
2,415‌
Signify
NV
(g)
68,528‌
1,873‌
$
11,407‌
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
44
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Electronics
-
0.30%
Azbil
Corp
47,800‌
$
1,326‌
Badger
Meter
Inc
7,861‌
1,517‌
Halma
PLC
89,420‌
2,560‌
Hubbell
Inc
5,629‌
2,189‌
Trimble
Inc
(e)
38,332‌
2,134‌
$
9,726‌
Energy
-
Alternate
Sources
-
0.33%
NextEra
Energy
Partners
LP
(f)
200,117‌
6,746‌
SolarEdge
Technologies
Inc
(e)
11,730‌
575‌
Vestas
Wind
Systems
A/S
(e)
76,027‌
2,133‌
Xinyi
Solar
Holdings
Ltd
2,048,000‌
1,355‌
$
10,809‌
Engineering
&
Construction
-
3.56%
Aena
SME
SA
(g)
103,543‌
20,249‌
Aeroports
de
Paris
SA
37,922‌
5,434‌
Athens
International
Airport
SA
594,820‌
5,336‌
Auckland
International
Airport
Ltd
1,541,449‌
7,397‌
Cellnex
Telecom
SA
-
Rights
(e),(g)
453,424‌
16,563‌
China
Tower
Corp
Ltd
(g)
41,108,000‌
4,854‌
Enav
SpA
(f),(g)
4,145,942‌
17,046‌
Ferrovial
SE
144,935‌
5,728‌
Fluor
Corp
(e)
76,216‌
3,308‌
Fraport
AG
Frankfurt
Airport
Services
Worldwide
(e)
159,151‌
9,233‌
Grupo
Aeroportuario
del
Centro
Norte
SAB
de
CV
924,958‌
9,487‌
Sacyr
SA
2,906,347‌
10,957‌
$
115,592‌
Entertainment
-
0.02%
Cineworld
Group
PLC
-
Warrants
(e)
29,862‌
—‌
Crown
Finance
US
Inc
-
1145
Shares
(e)
287‌
5‌
Crown
Finance
US
Inc
-
4A2
Shares
(e)
42,882‌
722‌
$
727‌
Environmental
Control
-
0.16%
Befesa
SA
(g)
36,530‌
1,320‌
Pentair
PLC
38,848‌
3,161‌
TOMRA
Systems
ASA
52,370‌
690‌
$
5,171‌
Food
-
0.01%
Ingredion
Inc
2,450‌
288‌
Forest
Products
&
Paper
-
1.32%
Acadian
Timber
Corp
(f)
48,588‌
625‌
Canfor
Corp
(e)
81,714‌
898‌
Empresas
CMPC
SA
415,538‌
869‌
Holmen
AB
(f)
41,495‌
1,738‌
International
Paper
Co
360,029‌
16,233‌
Mercer
International
Inc
18,101‌
172‌
Mondi
PLC
128,449‌
2,560‌
Nine
Dragons
Paper
Holdings
Ltd
(e)
1,137,000‌
595‌
Oji
Holdings
Corp
318,600‌
1,287‌
Sappi
Ltd
251,773‌
724‌
Smurfit
Kappa
Group
PLC
99,839‌
4,870‌
Smurfit
Kappa
Group
PLC
94,526‌
4,632‌
Suzano
SA
ADR
79,350‌
742‌
Suzano
SA
239,700‌
2,229‌
Sylvamo
Corp
8,172‌
583‌
UPM-Kymmene
Oyj
107,010‌
4,091‌
Western
Forest
Products
Inc
343,453‌
125‌
$
42,973‌
Gas
-
0.82%
China
Gas
Holdings
Ltd
4,103,200‌
3,885‌
China
Resources
Gas
Group
Ltd
1,025,416‌
3,568‌
Enagas
SA
172,593‌
2,654‌
Snam
SpA
3,481,735‌
16,519‌
$
26,626‌
Healthcare
-
Products
-
0.26%
Carestream
Health
Inc
(e)
17,410‌
5‌
QIAGEN
NV
(e)
47,697‌
2,063‌
Repligen
Corp
(e)
14,466‌
2,157‌
Revvity
Inc
16,414‌
1,793‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Healthcare
-
Products
(continued)
Tecan
Group
AG
6,831‌
$
2,432‌
$
8,450‌
Healthcare
-
Services
-
0.00%
Millennium
Health
LLC
(e),(h),(i)
20,580‌
2‌
Millennium
Health
LLC
(e),(h),(i)
19,318‌
—‌
$
2‌
Home
Builders
-
0.14%
DR
Horton
Inc
2,336‌
345‌
KB
Home
7,292‌
515‌
Lennar
Corp
-
A
Shares
2,165‌
347‌
Meritage
Homes
Corp
2,326‌
410‌
NVR
Inc
(e)
68‌
522‌
PulteGroup
Inc
4,305‌
505‌
Sumitomo
Forestry
Co
Ltd
40,700‌
1,409‌
Toll
Brothers
Inc
3,662‌
446‌
$
4,499‌
Housewares
-
0.00%
Scotts
Miracle-Gro
Co/The
1,576‌
110‌
Insurance
-
0.16%
Hannover
Rueck
SE
9,784‌
2,432‌
RenaissanceRe
Holdings
Ltd
11,849‌
2,700‌
$
5,132‌
Internet
-
0.00%
Catalina
Marketing
Corp
(e),(h)
4,112‌
1‌
Iron
&
Steel
-
0.18%
ArcelorMittal
SA
12,955‌
342‌
Cleveland-Cliffs
Inc
(e)
14,018‌
242‌
Fortescue
Ltd
47,591‌
786‌
Nippon
Steel
Corp
26,800‌
587‌
Novolipetsk
Steel
PJSC
1,124,750‌
—‌
Nucor
Corp
6,916‌
1,168‌
POSCO
Holdings
Inc
2,094‌
562‌
Reliance
Inc
1,617‌
486‌
Severstal
PAO
(e)
149,085‌
—‌
Steel
Dynamics
Inc
4,279‌
573‌
Vale
SA
ADR
102,150‌
1,231‌
$
5,977‌
Leisure
Products
&
Services
-
0.05%
Shimano
Inc
11,000‌
1,795‌
Lodging
-
0.08%
Travel
+
Leisure
Co
57,600‌
2,531‌
Machinery
-
Construction
&
Mining
-
0.06%
Vertiv
Holdings
Co
18,517‌
1,816‌
Machinery
-
Diversified
-
0.17%
ANDRITZ
AG
8,629‌
518‌
Husqvarna
AB
41,313‌
344‌
Kadant
Inc
1,087‌
311‌
Spirax-Sarco
Engineering
PLC
20,359‌
2,328‌
Valmet
Oyj
17,711‌
477‌
Watts
Water
Technologies
Inc
8,325‌
1,658‌
$
5,636‌
Metal
Fabrication
&
Hardware
-
0.15%
Advanced
Drainage
Systems
Inc
13,470‌
2,337‌
Prysmian
SpA
40,057‌
2,634‌
$
4,971‌
Mining
-
2.99%
Agnico
Eagle
Mines
Ltd
13,976‌
953‌
Alamos
Gold
Inc
209,698‌
3,506‌
Alcoa
Corp
76,445‌
3,384‌
Anglo
American
PLC
37,628‌
1,218‌
Antofagasta
PLC
130,873‌
3,712‌
Barrick
Gold
Corp
49,486‌
844‌
BHP
Group
Ltd
116,186‌
3,458‌
Boliden
AB
7,695‌
270‌
Cameco
Corp
219,320‌
12,174‌
Capstone
Copper
Corp
(e)
1,478,332‌
10,413‌
First
Quantum
Minerals
Ltd
130,959‌
1,682‌
Franco-Nevada
Corp
5,427‌
668‌
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
45
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Mining
(continued)
Freeport-McMoRan
Inc
274,953‌
$
14,498‌
Glencore
PLC
312,565‌
1,927‌
Gold
Fields
Ltd
ADR
25,137‌
396‌
Ivanhoe
Mines
Ltd
(e)
239,108‌
3,453‌
Newmont
Corp
373,268‌
15,655‌
NexGen
Energy
Ltd
(e)
376,227‌
2,932‌
Norsk
Hydro
ASA
265,092‌
1,795‌
Pan
American
Silver
Corp
167,615‌
3,691‌
Polyus
PJSC
(e)
12,459‌
—‌
Rio
Tinto
Ltd
10,443‌
898‌
Royal
Gold
Inc
27,198‌
3,486‌
South32
Ltd
1,848,699‌
4,898‌
Southern
Copper
Corp
2,418‌
287‌
Sumitomo
Metal
Mining
Co
Ltd
7,700‌
251‌
Wheaton
Precious
Metals
Corp
12,818‌
702‌
$
97,151‌
Miscellaneous
Manufacturers
-
0.06%
Carlisle
Cos
Inc
4,950‌
2,071‌
Oil
&
Gas
-
5.14%
Antero
Resources
Corp
(e)
374,640‌
13,348‌
BP
PLC
298,459‌
1,867‌
California
Resources
Corp
-
Warrants
(e)
439‌
5‌
Canadian
Natural
Resources
Ltd
19,043‌
1,463‌
Cenovus
Energy
Inc
23,400‌
488‌
Chesapeake
Energy
Corp
35,432‌
3,222‌
Chevron
Corp
37,796‌
6,134‌
ConocoPhillips
95,717‌
11,149‌
Coterra
Energy
Inc
4,885‌
139‌
Devon
Energy
Corp
4,161‌
204‌
Diamondback
Energy
Inc
77,116‌
15,367‌
Ecopetrol
SA
ADR
4,359‌
54‌
Empresas
Copec
SA
98,680‌
819‌
Eni
SpA
42,439‌
670‌
EOG
Resources
Inc
3,787‌
472‌
EQT
Corp
363,498‌
14,936‌
Equinor
ASA
17,513‌
508‌
Equinor
ASA
ADR
55,364‌
1,613‌
Exxon
Mobil
Corp
29,416‌
3,449‌
Hess
Corp
1,788‌
276‌
Imperial
Oil
Ltd
2,850‌
201‌
Marathon
Petroleum
Corp
45,650‌
8,063‌
Neste
Oyj
7,612‌
160‌
Occidental
Petroleum
Corp
218,567‌
13,660‌
Permian
Resources
Corp
626,469‌
10,268‌
Petroleo
Brasileiro
SA
ADR
32,881‌
511‌
Phillips
66
107,261‌
15,243‌
Repsol
SA
21,533‌
352‌
Shell
PLC
432,602‌
15,615‌
Suncor
Energy
Inc
22,870‌
933‌
Talos
Energy
Inc
(e)
217,776‌
2,616‌
TotalEnergies
SE
39,777‌
2,914‌
Transocean
Ltd
(e),(f)
1,522,019‌
9,437‌
Valero
Energy
Corp
11,796‌
1,853‌
Vantage
Drilling
International
Ltd
(e)
4,456‌
128‌
Weatherford
International
PLC
(e)
66,136‌
7,959‌
Woodside
Energy
Group
Ltd
33,568‌
621‌
$
166,717‌
Oil
&
Gas
Services
-
0.63%
Baker
Hughes
Co
6,502‌
218‌
Halliburton
Co
5,782‌
212‌
NOV
Inc
425,319‌
8,005‌
Schlumberger
NV
264,267‌
12,127‌
$
20,562‌
Packaging
&
Containers
-
0.52%
Amcor
PLC
54,340‌
553‌
Billerud
Aktiebolag
65,028‌
652‌
Clearwater
Paper
Corp
(e)
3,890‌
207‌
DS
Smith
PLC
458,014‌
2,246‌
Graphic
Packaging
Holding
Co
71,210‌
2,017‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Packaging
&
Containers
(continued)
Huhtamaki
Oyj
14,055‌
$
567‌
Klabin
SA
230,690‌
896‌
Packaging
Corp
of
America
14,803‌
2,715‌
Sealed
Air
Corp
5,428‌
211‌
SIG
Group
AG
(e)
64,198‌
1,337‌
Sonoco
Products
Co
17,084‌
1,048‌
Stora
Enso
Oyj
264,437‌
3,874‌
Westrock
Co
9,656‌
518‌
$
16,841‌
Pipelines
-
3.34%
Cheniere
Energy
Inc
80,164‌
12,649‌
Enbridge
Inc
918,992‌
33,599‌
Gibson
Energy
Inc
795,111‌
13,289‌
Kinder
Morgan
Inc
774,797‌
15,101‌
Koninklijke
Vopak
NV
222,047‌
9,128‌
ONEOK
Inc
108,173‌
8,762‌
Pembina
Pipeline
Corp
222,751‌
8,275‌
TC
Energy
Corp
198,150‌
7,641‌
$
108,444‌
Private
Equity
-
0.24%
CapitaLand
Investment
Ltd/Singapore
3,867,900‌
7,644‌
Real
Estate
-
1.65%
Mitsui
Fudosan
Co
Ltd
3,166,400‌
29,090‌
Qualitas
Ltd
(f)
1,635,569‌
2,665‌
Sun
Hung
Kai
Properties
Ltd
308,200‌
2,978‌
Vonovia
SE
603,100‌
18,959‌
$
53,692‌
REITs
-
17.52%
Agree
Realty
Corp
198,061‌
12,034‌
Alexandria
Real
Estate
Equities
Inc
102,488‌
12,196‌
American
Healthcare
REIT
Inc
545,835‌
8,002‌
American
Homes
4
Rent
326,480‌
11,766‌
American
Tower
Corp
90,457‌
17,706‌
Americold
Realty
Trust
Inc
304,800‌
8,129‌
AvalonBay
Communities
Inc
111,166‌
21,420‌
Boardwalk
Real
Estate
Investment
Trust
71,100‌
3,671‌
Canadian
Apartment
Properties
REIT
126,500‌
4,140‌
CapitaLand
Ascendas
REIT
2,245,600‌
4,352‌
CapitaLand
Integrated
Commercial
Trust
2,558,906‌
3,727‌
Centuria
Industrial
REIT
1,354,326‌
2,868‌
Cousins
Properties
Inc
240,653‌
5,566‌
Crown
Castle
Inc
197,773‌
20,272‌
Dexus
543,089‌
2,464‌
Digital
Realty
Trust
Inc
75,900‌
11,031‌
Equinix
Inc
43,252‌
33,000‌
Equity
LifeStyle
Properties
Inc
95,100‌
5,969‌
Equity
Residential
187,200‌
12,174‌
Essex
Property
Trust
Inc
35,813‌
9,304‌
Extra
Space
Storage
Inc
151,573‌
21,943‌
Gaming
and
Leisure
Properties
Inc
179,600‌
8,064‌
Goodman
Group
1,013,334‌
22,774‌
Healthcare
Realty
Trust
Inc
166,400‌
2,701‌
Host
Hotels
&
Resorts
Inc
531,552‌
9,536‌
InterRent
Real
Estate
Investment
Trust
102,560‌
900‌
InvenTrust
Properties
Corp
197,100‌
4,882‌
Invitation
Homes
Inc
531,650‌
18,496‌
Japan
Hotel
REIT
Investment
Corp
10,423‌
5,191‌
Japan
Metropolitan
Fund
Invest
5,792‌
3,411‌
Kilroy
Realty
Corp
166,896‌
5,596‌
Klepierre
SA
533,124‌
15,474‌
Link
REIT
2,170,714‌
9,153‌
Mapletree
Industrial
Trust
4,271,200‌
6,976‌
Merlin
Properties
Socimi
SA
711,500‌
8,577‌
Minto
Apartment
Real
Estate
Investment
Trust
(g)
102,642‌
1,110‌
Nippon
Accommodations
Fund
Inc
1,200‌
4,852‌
Nippon
Prologis
REIT
Inc
2,467‌
4,072‌
Park
Hotels
&
Resorts
Inc
209,383‌
3,321‌
PotlatchDeltic
Corp
68,185‌
2,914‌
Prologis
Inc
263,164‌
29,077‌
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
46
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
REITs
(continued)
Prologis
Property
Mexico
SA
de
CV
937,421‌
$
3,805‌
Rayonier
Inc
195,068‌
5,856‌
Regency
Centers
Corp
131,477‌
8,073‌
Rexford
Industrial
Realty
Inc
276,915‌
12,561‌
Sabra
Health
Care
REIT
Inc
406,100‌
5,921‌
Safestore
Holdings
PLC
629,451‌
7,275‌
Segro
PLC
703,871‌
8,266‌
Simon
Property
Group
Inc
51,900‌
7,853‌
Stockland
1,718,800‌
5,179‌
Sun
Communities
Inc
69,703‌
8,224‌
UNITE
Group
PLC/The
917,542‌
10,944‌
United
Urban
Investment
Corp
3,154‌
2,811‌
Ventas
Inc
371,591‌
18,676‌
VICI
Properties
Inc
721,811‌
20,723‌
Warehouses
De
Pauw
CVA
199,600‌
5,850‌
Welltower
Inc
321,644‌
33,345‌
Weyerhaeuser
Co
151,086‌
4,537‌
$
568,710‌
Retail
-
0.03%
Belk
Inc
(e),(h)
139‌
1‌
Gymboree
Corp/The
(e),(h)
17,842‌
—‌
Gymboree
Holding
Corp
(e),(h)
48,577‌
—‌
Home
Depot
Inc/The
1,446‌
484‌
Jo-Ann
Stores
LLC
(e)
3,309‌
3‌
Lowe's
Cos
Inc
1,578‌
349‌
$
837‌
Semiconductors
-
0.07%
Bright
Bidco
-
1145
Shares
(e)
11,047‌
7‌
Bright
Bidco
-
4A2
Shares
(e)
15,092‌
9‌
Monolithic
Power
Systems
Inc
2,920‌
2,148‌
$
2,164‌
Software
-
0.28%
Altair
Engineering
Inc
(e)
22,529‌
1,967‌
Avaya
Holdings
Corp
(e)
12,893‌
43‌
Avaya
Holdings
Corp
(e)
61,266‌
205‌
Cadence
Design
Systems
Inc
(e)
8,147‌
2,333‌
Nemetschek
SE
18,469‌
1,697‌
PTC
Inc
(e)
15,483‌
2,729‌
$
8,974‌
Telecommunications
-
0.29%
NEXTDC
Ltd
(e)
767,714‌
9,164‌
Windstream
(e)
9,809‌
122‌
Windstream
-
Warrants
(e)
17,064‌
212‌
$
9,498‌
Transportation
-
0.51%
American
Commercial
Lines
Inc
(e),(h)
573‌
25‌
American
Commercial
Lines
Inc
-
Warrants
(e),(h)
603‌
26‌
Star
Bulk
Carriers
Corp
124,813‌
3,380‌
Union
Pacific
Corp
37,519‌
8,735‌
West
Japan
Railway
Co
215,578‌
4,301‌
$
16,467‌
Water
-
1.93%
American
Water
Works
Co
Inc
18,465‌
2,415‌
Cia
de
Saneamento
Basico
do
Estado
de
Sao
Paulo
SABESP
ADR
124,404‌
1,760‌
Essential
Utilities
Inc
253,835‌
9,577‌
Pennon
Group
PLC
936,051‌
7,441‌
Severn
Trent
PLC
600,183‌
18,339‌
United
Utilities
Group
PLC
1,531,301‌
19,947‌
Veolia
Environnement
SA
92,238‌
3,088‌
$
62,567‌
TOTAL
COMMON
STOCKS
$
1,886,610‌
PREFERRED
STOCKS
-
0.15%
Shares
Held
Value
(000's)
Electric
-
0.14%
Centrais
Eletricas
Brasileiras
SA
1.82%
628,487‌
$
4,703‌
PREFERRED
STOCKS
(continued)
Shares
Held
Value
(000’s)
Transportation
-
0.01%
American
Commercial
Lines
Inc
Preferred
A
-
Anti-
Dilution
Warrants
0.00%,
04/30/2045
(e)
6,729‌
$
2‌
American
Commercial
Lines
Inc
Preferred
B
2.50%
(h)
2,428‌
146‌
American
Commercial
Lines
Inc
Preferred
B
-
Anti-
Dilution
Warrants
0.00%,
04/30/2045
(e)
6,824‌
2‌
American
Commercial
Lines
Inc
Preferred
B
-
Warrants
0.00%,
04/30/2045
(e),(h)
1,706‌
102‌
$
252‌
TOTAL
PREFERRED
STOCKS
$
4,955‌
BONDS
-
0.49%
Principal
Amount
(000's)
Value
(000's)
Commercial
Mortgage
Backed
Securities
-
0.07%
BX
Commercial
Mortgage
Trust
2024-KING
6.84%,
05/15/2034
(g)
$
400‌
$
400‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.54%
BX
Commercial
Mortgage
Trust
2024-MDHS
6.99%,
05/15/2041
(g)
330‌
331‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.64%
BX
Commercial
Mortgage
Trust
2024-XL4
8.46%,
02/15/2039
(g)
246‌
247‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.14%
BX
Trust
2024-VLT4
0.00%,
07/15/2029
(e),(g),(j)
400‌
399‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.49%
DBSG
2024-ALTA
Mortgage
Trust
6.14%,
06/10/2037
(g),(k)
110‌
110‌
GWT
2024-WLF2
6.99%,
05/15/2041
(g)
350‌
351‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.69%
HONO
2021-LULU
Mortgage
Trust
6.58%,
10/15/2036
(g)
100‌
97‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.26%
LBA
Trust
2024-BOLT
0.00%,
06/15/2026
(e),(g),(j)
270‌
269‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.59%
$
2,204‌
Electric
-
0.00%
Pacific
Gas
and
Electric
Co
3.15%,
01/01/2026
91‌
88‌
Healthcare
-
Services
-
0.01%
Team
Health
Holdings
Inc
9.00%,
PIK
4.50%;
06/30/2028
(g),(k),(l)
256‌
284‌
Mortgage
Backed
Securities
-
0.12%
BRAVO
Residential
Funding
Trust
2023-NQM3
4.85%,
09/25/2062
(g),(k)
677‌
653‌
CSMC
2022-NQM4
Trust
4.82%,
06/25/2067
(g),(k)
622‌
607‌
Ellington
Financial
Mortgage
Trust
2021-3
1.24%,
09/25/2066
(g),(k)
845‌
674‌
J.P.
Morgan
Mortgage
Trust
2023-DSC1
4.62%,
07/25/2063
(g),(k)
367‌
347‌
PRKCM
2022-AFC2
Trust
5.33%,
08/25/2057
(g),(k)
198‌
195‌
SG
Residential
Mortgage
Trust
2022-2
5.35%,
08/25/2062
(g),(k)
320‌
315‌
Verus
Securitization
Trust
2022-7
5.15%,
07/25/2067
(g),(k)
921‌
908‌
Verus
Securitization
Trust
2022-INV2
6.79%,
10/25/2067
(g),(k)
243‌
244‌
$
3,943‌
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
47
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Other
Asset
Backed
Securities
-
0.08%
AMSR
2022-SFR3
Trust
4.00%,
10/17/2039
(g)
$
551‌
$
511‌
New
Residential
Mortgage
Loan
Trust
2022-SFR2
4.00%,
09/04/2039
(g)
560‌
514‌
Pagaya
AI
Technology
in
Housing
Trust
2022-1
4.25%,
08/25/2025
(g)
660‌
633‌
Progress
Residential
2022-SFR6
Trust
6.04%,
07/20/2039
(g)
1,035‌
1,019‌
$
2,677‌
Sovereign
-
0.21%
Brazilian
Government
International
Bond
6.13%,
03/15/2034
520‌
504‌
European
Union
2.50%,
10/04/2052
EUR
505‌
455‌
3.00%,
03/04/2053
960‌
955‌
French
Republic
Government
Bond
OAT
3.00%,
05/25/2054
(g)
1,009‌
984‌
Israel
Government
International
Bond
5.75%,
03/12/2054
$
204‌
184‌
Japan
Government
Thirty
Year
Bond
1.80%,
03/20/2054
JPY
72,400‌
426‌
Kingdom
of
Belgium
Government
Bond
3.30%,
06/22/2054
(g)
EUR
986‌
1,009‌
Mexican
Bonos
7.75%,
11/23/2034
MXN
3,100‌
158‌
8.50%,
03/01/2029
6,000‌
335‌
8.50%,
05/31/2029
12,000‌
668‌
Mexico
Government
International
Bond
3.50%,
02/12/2034
$
251‌
205‌
6.35%,
02/09/2035
232‌
234‌
United
Kingdom
Gilt
4.38%,
07/31/2054
GBP
402‌
481‌
$
6,598‌
TOTAL
BONDS
$
15,794‌
SENIOR
FLOATING
RATE
INTERESTS
-
4.50%
Principal
Amount
(000's)
Value
(000's)
Advertising
-
0.05%
Clear
Channel
Outdoor
Holdings
Inc
9.43%,
08/23/2028
(m)
$
816‌
$
819‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
Planet
US
Buyer
LLC
8.82%,
01/31/2031
(m)
670‌
675‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Red
Ventures
LLC
8.33%,
03/03/2030
(m)
110‌
109‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
$
1,603‌
Aerospace
&
Defense
-
0.07%
Bleriot
US
Bidco
Inc
0.00%,
10/31/2030
(m),(n)
210‌
211‌
Dynasty
Acquisition
Co
Inc
0.00%,
08/24/2028
(m),(n)
87‌
87‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Standard
Aero
Ltd
0.00%,
08/24/2028
(m),(n)
33‌
34‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
TransDigm
Inc
8.06%,
08/24/2028
(m)
683‌
686‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
8.06%,
08/24/2028
(m)
500‌
502‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.75%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Aerospace
&
Defense
(continued)
TransDigm
Inc  
(continued)
8.56%,
02/14/2031
(m)
$
599‌
$
601‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.25%
$
2,121‌
Agriculture
-
0.00%
Sycamore
Buyer
LLC
7.69%,
07/23/2029
(m)
31‌
31‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Airlines
-
0.10%
AAdvantage
Loyalty
IP
Ltd
10.34%,
04/20/2028
(m)
714‌
741‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.75%
Air
Canada
7.83%,
03/14/2031
(m)
760‌
763‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Mileage
Plus
Holdings
LLC
10.73%,
06/21/2027
(m)
208‌
213‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
5.25%
SkyMiles
IP
Ltd
9.07%,
10/20/2027
(m)
210‌
216‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
United
Airlines
Inc
8.07%,
02/15/2031
(m)
680‌
682‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
WestJet
Airlines
Ltd
8.43%,
12/11/2026
(m)
30‌
31‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.00%
WestJet
Loyalty
LP
9.05%,
01/31/2031
(m)
725‌
728‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
$
3,374‌
Apparel
-
0.00%
ABG
Intermediate
Holdings
2
LLC
8.92%,
12/21/2028
(m)
37‌
37‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Birkenstock
US
BidCo
Inc
8.84%,
04/28/2028
(m)
46‌
46‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
$
83‌
Automobile
Parts
&
Equipment
-
0.04%
Clarios
Global
LP
8.32%,
05/06/2030
(m)
889‌
893‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Dexko
Global
Inc
9.32%,
10/04/2028
(m)
339‌
338‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
$
1,231‌
Beverages
-
0.05%
Arterra
Wines
Canada
Inc
9.07%,
11/25/2027
(m)
57‌
51‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
48
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Beverages
(continued)
City
Brewing
Co
LLC
9.09%,
04/05/2028
(m)
$
92‌
$
84‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
10.59%,
04/14/2028
(m)
92‌
69‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
11.58%,
04/05/2028
(m)
35‌
35‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.25%
Pegasus
Midco
BV
9.07%,
07/12/2029
(m)
662‌
665‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
Triton
Water
Holdings
Inc
8.81%,
03/31/2028
(m)
796‌
795‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
9.30%,
03/31/2028
(m)
65‌
65‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
$
1,764‌
Building
Materials
-
0.06%
ACProducts
Holdings
Inc
9.81%,
05/17/2028
(m)
285‌
241‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.25%
Chariot
Buyer
LLC
8.67%,
10/22/2028
(m)
957‌
957‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
9.07%,
11/03/2028
(m)
265‌
266‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Cornerstone
Building
Brands
Inc
8.67%,
04/12/2028
(m)
76‌
74‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Gulfside
Supply
Inc
0.00%,
05/29/2031
(m),(n)
145‌
145‌
MIWD
Holdco
II
LLC
8.83%,
03/21/2031
(m)
105‌
106‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Quikrete
Holdings
Inc
7.83%,
03/25/2031
(m)
120‌
121‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
$
1,910‌
Chemicals
-
0.20%
Ascend
Performance
Materials
Operations
LLC
10.07%,
08/27/2026
(m)
615‌
613‌
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
4.75%
ASP
Unifrax
Holdings
Inc
9.20%,
12/12/2025
(m)
356‌
345‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
Axalta
Coating
Systems
US
Holdings
Inc
7.33%,
12/20/2029
(m)
171‌
172‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
Derby
Buyer
LLC
8.82%,
11/01/2030
(m)
275‌
276‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Chemicals
(continued)
Discovery
Purchaser
Corp
9.68%,
08/04/2029
(m)
$
805‌
$
804‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.38%
Ecovyst
Catalyst
Technologies
LLC
7.93%,
06/09/2028
(m)
640‌
640‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Herens
US
Holdco
Corp
8.70%,
07/03/2028
(m)
208‌
202‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
INEOS
US
Finance
LLC
8.93%,
02/18/2030
(m)
667‌
669‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
9.08%,
01/31/2031
(m)
425‌
427‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
INEOS
US
Petrochem
LLC
9.68%,
03/09/2029
(m)
330‌
330‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
Kraton
Corp
8.84%,
03/15/2029
(m)
162‌
159‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.25%
NIC
Acquisition
Corp
9.32%,
12/29/2027
(m)
278‌
233‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Nouryon
USA
LLC
8.83%,
04/03/2028
(m)
1,393‌
1,402‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Vibrantz
Technologies
Inc
9.71%,
04/21/2029
(m)
125‌
123‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.25%
WR
Grace
Holdings
LLC
9.32%,
09/22/2028
(m)
30‌
31‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
$
6,426‌
Commercial
Services
-
0.33%
Allied
Universal
Holdco
LLC
9.17%,
05/12/2028
(m)
1,087‌
1,086‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Anticimex
Global
AB
8.46%,
11/16/2028
(m)
726‌
729‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
Avis
Budget
Car
Rental
LLC
7.18%,
08/06/2027
(m)
288‌
287‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.75%
8.42%,
03/16/2029
(m)
77‌
77‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
AVSC
Holding
Corp
15.00%,
PIK
0.00%,
10/15/2026
(l),(m)
236‌
243‌
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
49
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Commercial
Services
(continued)
Belron
Finance
US
LLC
7.68%,
04/18/2029
(m)
$
354‌
$
355‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
7.84%,
10/30/2026
(m)
355‌
356‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.25%
Boost
Newco
Borrower
LLC
8.31%,
01/31/2031
(m)
1,960‌
1,965‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Camelot
US
Acquisition
LLC
8.08%,
01/25/2031
(m)
9‌
9‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
CHG
Healthcare
Services
Inc
8.68%,
09/29/2028
(m)
69‌
69‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Creative
Artists
Agency
LLC
8.57%,
11/27/2028
(m)
329‌
330‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Driven
Brands
Holdings
Inc
8.44%,
12/17/2028
(m)
352‌
352‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Evertec
Group
LLC
8.58%,
10/30/2030
(m)
220‌
221‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Garda
World
Security
Corp
9.58%,
02/01/2029
(m)
1,020‌
1,029‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
Mister
Car
Wash
Holdings
Inc
8.33%,
03/21/2031
(m)
215‌
216‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
OMNIA
Partners
LLC
0.00%,
07/25/2030
(m),(n)
85‌
85‌
9.07%,
07/25/2030
(m)
549‌
551‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
PG
Investment
Co
59
Sarl
8.81%,
02/24/2031
(m)
646‌
650‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Prime
Security
Services
Borrower
LLC
7.58%,
10/13/2030
(m)
789‌
791‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Sabre
GLBL
Inc
8.93%,
12/17/2027
(m)
61‌
55‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
8.94%,
12/17/2027
(m)
39‌
35‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
10.43%,
06/30/2028
(m)
20‌
18‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.00%
Spin
Holdco
Inc
9.59%,
03/01/2028
(m)
249‌
214‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Commercial
Services
(continued)
VT
Topco
Inc
8.81%,
08/09/2030
(m)
$
45‌
$
45‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Wand
NewCo
3
Inc
9.08%,
01/30/2031
(m)
785‌
791‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
WEX
Inc
7.32%,
03/31/2028
(m)
208‌
209‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
$
10,768‌
Computers
-
0.12%
Amentum
Government
Services
Holdings
LLC
9.32%,
02/15/2029
(m)
330‌
332‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
Cubic
Corp
9.86%,
05/25/2028
(m)
63‌
54‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.25%
9.86%,
05/25/2028
(m)
13‌
11‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.25%
iQor
US
Inc
12.93%,
11/20/2024
(m)
149‌
149‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
7.50%
12.93%,
11/20/2025
(m)
412‌
411‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
7.50%
McAfee
Corp
9.16%,
03/01/2029
(m)
653‌
652‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
NCR
Atleos
Corp
10.18%,
04/16/2029
(m)
224‌
226‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.75%
Perforce
Software
Inc
9.17%,
07/01/2026
(m)
332‌
331‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
10.07%,
03/25/2031
(m)
195‌
195‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.75%
Presidio
Holdings
Inc/Fortress
Intermediate
3
Inc
0.00%,
05/09/2031
(m),(n)
458‌
459‌
Tempo
Acquisition
LLC
8.07%,
08/31/2028
(m)
808‌
809‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Vision
Solutions
Inc
11.75%,
04/23/2028
(m)
280‌
277‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
$
3,906‌
Consumer
Products
-
0.02%
Kronos
Acquisition
Holdings
Inc
9.35%,
12/22/2026
(m)
274‌
274‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
11.49%,
12/22/2026
(m)
362‌
363‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.00%
$
637‌
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
50
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Distribution
&
Wholesale
-
0.07%
Core
&
Main
LP
7.32%,
07/27/2028
(m)
$
655‌
$
657‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
Fastlane
Parent
Co
Inc
9.82%,
09/04/2028
(m)
314‌
313‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.50%
Johnstone
Supply
LLC
0.00%,
05/16/2031
(m),(n)
445‌
446‌
Windsor
Holdings
III
LLC
9.32%,
08/01/2030
(m)
797‌
805‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
$
2,221‌
Diversified
Financial
Services
-
0.03%
Avolon
TLB
Borrower
1
US
LLC
6.92%,
02/12/2027
(m)
145‌
145‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.50%
7.32%,
06/22/2028
(m)
156‌
156‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
Ditech
Holding
Corp
0.00%,
06/30/2022
(e),(m)
816‌
22‌
Prime
Rate
+
6.00%
Fly
Funding
II
Sarl
7.33%,
08/09/2025
(m)
439‌
427‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.75%
Kestra
Advisor
Services
Holdings
A
Inc
9.32%,
03/19/2031
(m)
367‌
369‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
$
1,119‌
Electric
-
0.10%
PG&E
Corp
7.82%,
06/23/2027
(m)
325‌
326‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Talen
Energy
Supply
LLC
8.83%,
05/17/2030
(m)
1,557‌
1,573‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
8.83%,
05/17/2030
(m)
1,074‌
1,085‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
Vistra
Zero
Operating
Co
LLC
8.08%,
03/20/2031
(m)
270‌
272‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
$
3,256‌
Electronics
-
0.01%
Coherent
Corp
7.86%,
07/02/2029
(m)
81‌
81‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Ingram
Micro
Inc
8.57%,
06/30/2028
(m)
283‌
285‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
$
366‌
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Engineering
&
Construction
-
0.05%
Apple
Bidco
LLC
8.18%,
07/14/2028
(m)
$
270‌
$
271‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
8.82%,
09/22/2028
(m)
372‌
373‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
Brown
Group
Holding
LLC
8.17%,
06/07/2028
(m)
736‌
737‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
8.33%,
06/08/2029
(m)
49‌
49‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Centuri
Group
Inc
7.93%,
08/18/2028
(m)
274‌
275‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
$
1,705‌
Entertainment
-
0.31%
Allwyn
International
A.S.
0.00%,
05/30/2031
(m),(n)
95‌
95‌
AMC
Entertainment
Holdings
Inc
8.44%,
03/20/2026
(m)
323‌
290‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Caesars
Entertainment
Inc
8.07%,
01/24/2031
(m)
350‌
351‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
8.10%,
02/06/2030
(m)
1,201‌
1,203‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Cedar
Fair
LP
7.31%,
04/18/2031
(m)
90‌
90‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
Churchill
Downs
Inc
7.42%,
03/17/2028
(m)
73‌
73‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
Cinemark
USA
Inc
8.58%,
05/24/2030
(m)
372‌
374‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Crown
Finance
US
Inc
6.94%,
PIK
7.00%,
07/31/2028
(l),(m)
1,747‌
1,766‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
8.50%
Delta
2
Lux
Sarl
7.56%,
01/15/2030
(m)
5‌
5‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Entain
Holdings
Gibraltar
Ltd
0.00%,
10/18/2029
(m),(n)
374‌
375‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
Entain
PLC
8.17%,
10/31/2029
(m)
556‌
557‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Everi
Holdings
Inc
7.93%,
06/30/2028
(m)
558‌
559‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
51
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Entertainment
(continued)
Flutter
Financing
BV
7.66%,
11/15/2030
(m)
$
873‌
$
876‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Light
&
Wonder
International
Inc
8.07%,
04/14/2029
(m)
250‌
251‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Lions
Gate
Capital
Holdings
LLC
7.67%,
03/24/2025
(m)
150‌
150‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Merlin
Entertainment
9.07%,
11/12/2029
(m)
869‌
870‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
PCI
Gaming
Authority
7.93%,
05/29/2026
(m)
364‌
364‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Scientific
Games
Holdings
LP
8.56%,
02/04/2029
(m)
866‌
868‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.25%
SeaWorld
Parks
&
Entertainment
Inc
7.82%,
08/25/2028
(m)
637‌
636‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
William
Morris
Endeavor
Entertainment
LLC
8.19%,
05/16/2025
(m)
336‌
336‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
$
10,089‌
Environmental
Control
-
0.07%
GFL
Environmental
Inc
7.83%,
05/31/2027
(m)
650‌
653‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Madison
IAQ
LLC
8.69%,
06/21/2028
(m)
270‌
270‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Reworld
Holding
Corp
7.83%,
11/30/2028
(m)
310‌
311‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
7.83%,
11/30/2028
(m)
24‌
24‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Win
Waste
Innovations
Holdings
Inc
8.18%,
03/24/2028
(m)
956‌
890‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
$
2,148‌
Food
-
0.06%
8th
Avenue
Food
&
Provisions
Inc
9.18%,
10/01/2025
(m)
231‌
222‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
10.18%,
10/01/2025
(m)
65‌
62‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.75%
CHG
PPC
Parent
LLC
8.43%,
12/08/2028
(m)
479‌
481‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Food
(continued)
Fiesta
Purchaser
Inc
9.33%,
01/31/2031
(m)
$
369‌
$
371‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
Heritage
Grocers
Group
LLC
12.16%,
08/01/2029
(m)
124‌
124‌
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
6.75%
US
Foods
Inc
7.32%,
11/22/2028
(m)
127‌
128‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
7.43%,
09/14/2026
(m)
470‌
471‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
$
1,859‌
Hand
&
Machine
Tools
-
0.01%
Alliance
Laundry
Systems
LLC
8.90%,
09/30/2027
(m)
322‌
324‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
Healthcare
-
Products
-
0.13%
Bausch
+
Lomb
Corp
8.67%,
05/10/2027
(m)
1,158‌
1,146‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Curia
Global
Inc
9.18%,
08/28/2026
(m)
164‌
154‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Medline
Borrower
LP
8.07%,
10/23/2028
(m)
1,604‌
1,614‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Viant
Medical
Holdings
Inc
9.18%,
07/02/2025
(m)
647‌
647‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Vyaire
Medical
Inc
10.31%,
04/16/2025
(m)
883‌
539‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.75%
$
4,100‌
Healthcare
-
Services
-
0.27%
ADMI
Corp
11.07%,
12/23/2027
(m)
324‌
325‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.75%
Global
Medical
Response
Inc
11.32%,
10/31/2028
(m)
697‌
686‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.75%
ICON
Luxembourg
Sarl
7.31%,
07/03/2028
(m)
42‌
42‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
7.31%,
07/03/2028
(m)
167‌
168‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
National
Mentor
Holdings
Inc
9.16%,
03/02/2028
(m)
516‌
495‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
9.16%,
03/02/2028
(m)
15‌
15‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
52
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Healthcare
-
Services
(continued)
Onex
TSG
Intermediate
Corp
10.34%,
02/25/2028
(m)
$
60‌
$
60‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.75%
Pacific
Dental
Services
Inc
8.57%,
03/07/2031
(m)
645‌
649‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Phoenix
Guarantor
Inc
8.57%,
02/14/2031
(m)
959‌
959‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Phoenix
Newco
Inc
8.69%,
11/15/2028
(m)
2,247‌
2,258‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Select
Medical
Corp
8.33%,
03/06/2027
(m)
790‌
792‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Star
Parent
Inc
9.31%,
09/27/2030
(m)
819‌
819‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
Surgery
Center
Holdings
Inc
8.82%,
12/19/2030
(m)
1,592‌
1,599‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Team
Health
Holdings
Inc
10.58%,
03/02/2027
(m)
19‌
18‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.25%
US
Radiology
Specialists
Inc
10.70%,
12/10/2027
(m)
36‌
36‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
5.25%
$
8,921‌
Home
Furnishings
-
0.07%
AI
Aqua
Merger
Sub
Inc
9.32%,
07/30/2028
(m)
960‌
963‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
9.57%,
07/31/2028
(m)
250‌
251‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
MillerKnoll
Inc
7.43%,
07/19/2028
(m)
606‌
605‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
Weber-Stephen
Products
LLC
8.69%,
10/30/2027
(m)
439‌
409‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
$
2,228‌
Insurance
-
0.37%
Acrisure
LLC
8.93%,
02/15/2027
(m)
898‌
897‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Alliant
Holdings
Intermediate
LLC
8.82%,
11/06/2030
(m)
1,183‌
1,187‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
AmWINS
Group
Inc
7.69%,
02/21/2028
(m)
48‌
48‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Insurance
(continued)
AssuredPartners
Inc
8.82%,
02/08/2031
(m)
$
475‌
$
479‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Asurion
LLC
8.68%,
12/23/2026
(m)
1,678‌
1,666‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
8.69%,
07/31/2027
(m)
150‌
147‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
9.67%,
08/19/2028
(m)
30‌
30‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
BroadStreet
Partners
Inc
8.44%,
01/27/2027
(m)
650‌
652‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
8.68%,
01/27/2027
(m)
737‌
738‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
9.08%,
01/26/2029
(m)
623‌
624‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
HUB
International
Ltd
8.57%,
06/20/2030
(m)
1,928‌
1,940‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Sedgwick
Claims
Management
Services
Inc
9.07%,
02/24/2028
(m)
767‌
771‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Truist
Insurance
Holdings
LLC
8.59%,
03/24/2031
(m)
1,230‌
1,237‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
USI
Inc/NY
8.30%,
11/22/2029
(m)
985‌
987‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
8.55%,
09/14/2030
(m)
603‌
603‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
$
12,006‌
Internet
-
0.10%
Catalina
Marketing
Corp
0.00%,
PIK
14.80%,
04/23/2027
(l),(m)
136‌
68‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
9.50%
CNT
Holdings
I
Corp
8.83%,
11/08/2027
(m)
1,119‌
1,124‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Gen
Digital
Inc
7.43%,
09/12/2029
(m)
810‌
811‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
Uber
Technologies
Inc
8.08%,
03/03/2030
(m)
1,091‌
1,098‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.75%
$
3,101‌
Investment
Companies
-
0.01%
Aragorn
Parent
Corp
9.57%,
12/15/2028
(m)
209‌
210‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
53
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Leisure
Products
&
Services
-
0.12%
Alterra
Mountain
Co
8.56%,
08/17/2028
(m)
$
120‌
$
121‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
8.81%,
05/31/2030
(m)
582‌
587‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Amer
Sports
Co
8.58%,
02/07/2031
(m)
50‌
50‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Carnival
Corp
8.07%,
08/08/2027
(m)
277‌
279‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
8.08%,
10/18/2028
(m)
184‌
185‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
ClubCorp
Holdings
Inc
10.56%,
09/18/2026
(m)
849‌
853‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.00%
Hayward
Industries
Inc
8.18%,
05/28/2028
(m)
849‌
850‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Life
Time
Inc
9.59%,
01/15/2026
(m)
278‌
279‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
SRAM
LLC
8.21%,
05/18/2028
(m)
433‌
432‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Topgolf
Callaway
Brands
Corp
8.54%,
03/16/2030
(m)
356‌
358‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
$
3,994‌
Lodging
-
0.03%
Fertitta
Entertainment
LLC/NV
9.07%,
01/13/2029
(m)
825‌
827‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
Machinery
-
Diversified
-
0.13%
Ali
Group
North
America
Corp
7.54%,
07/30/2029
(m)
603‌
605‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
Chart
Industries
Inc
8.67%,
03/15/2030
(m)
818‌
821‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Titan
Acquisition
Ltd/Canada
10.32%,
02/01/2029
(m)
368‌
370‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.00%
TK
Elevator
US
Newco
Inc
8.79%,
04/30/2030
(m)
1,424‌
1,433‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Victory
Buyer
LLC
9.34%,
11/18/2028
(m)
903‌
873‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
$
4,102‌
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Media
-
0.18%
Altice
Financing
SA
10.33%,
10/31/2027
(m)
$
178‌
$
155‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.00%
Cengage
Learning
Inc
9.54%,
03/18/2031
(m)
436‌
438‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
Century
DE
Buyer
LLC
9.33%,
09/27/2030
(m)
640‌
636‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
Directv
Financing
LLC
10.43%,
08/02/2027
(m)
337‌
338‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.00%
Fleet
Midco
US
8.57%,
01/23/2031
(m)
235‌
236‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Gray
Television
Inc
7.93%,
01/02/2026
(m)
133‌
132‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
McGraw-Hill
Education
Inc
10.19%,
07/28/2028
(m)
611‌
612‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.75%
NEP
Group
Inc
8.69%,
PIK
1.50%,
08/19/2026
(l),(m)
440‌
423‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Nexstar
Media
Inc
7.94%,
09/18/2026
(m)
298‌
298‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Sunrise
Financing
Partnership
8.43%,
01/31/2029
(m)
553‌
552‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Virgin
Media
Bristol
LLC
7.93%,
01/31/2028
(m)
181‌
176‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
8.66%,
03/31/2031
(m)
829‌
800‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Ziggo
Financing
Partnership
7.93%,
04/28/2028
(m)
1,236‌
1,220‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
$
6,016‌
Mining
-
0.02%
Arsenal
AIC
Parent
LLC
9.07%,
08/18/2030
(m)
608‌
613‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Miscellaneous
Manufacturers
-
0.04%
Gates
Global
LLC
0.00%,
05/23/2031
(m),(n)
590‌
591‌
7.92%,
03/31/2027
(m)
616‌
617‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
$
1,208‌
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
54
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Oil
&
Gas
-
0.01%
Gulf
Finance
LLC
11.74%,
08/25/2026
(m)
$
428‌
$
428‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.75%
Packaging
&
Containers
-
0.11%
Berlin
Packaging
LLC
0.00%,
03/11/2028
(m),(n)
120‌
120‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
Clydesdale
Acquisition
Holdings
Inc
9.09%,
04/13/2029
(m)
832‌
836‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Kloeckner
Pentaplast
of
America
Inc
10.27%,
02/12/2026
(m)
310‌
282‌
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
4.75%
LABL
Inc
10.42%,
10/27/2028
(m)
602‌
596‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.00%
Pactiv
Evergreen
Group
Holdings
Inc
8.68%,
09/22/2028
(m)
886‌
887‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Plaze
Inc
9.19%,
08/03/2026
(m)
107‌
106‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Proampac
PG
Borrower
LLC
9.33%,
09/15/2028
(m)
628‌
632‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
SupplyOne
Inc
9.57%,
03/27/2031
(m)
235‌
237‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
$
3,696‌
Pharmaceuticals
-
0.10%
Amneal
Pharmaceuticals
LLC
10.82%,
05/04/2028
(m)
293‌
295‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.50%
Barentz
International
BV
0.00%,
03/03/2031
(m),(n)
228‌
230‌
Gainwell
Acquisition
Corp
9.41%,
10/01/2027
(m)
167‌
162‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
Jazz
Financing
Lux
Sarl
8.44%,
05/05/2028
(m)
1,584‌
1,596‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Organon
&
Co
7.82%,
05/14/2031
(m)
800‌
806‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Packaging
Coordinators
Midco
Inc
/
PCI
Pharma
Services
8.57%,
11/30/2027
(m)
120‌
120‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
$
3,209‌
Pipelines
-
0.08%
BCP
Renaissance
Parent
LLC
8.57%,
10/31/2028
(m)
280‌
281‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pipelines
(continued)
Freeport
LNG
Investments
LLLP
8.59%,
11/17/2026
(m)
$
927‌
$
921‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.00%
9.09%,
12/21/2028
(m)
871‌
871‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
Oryx
Midstream
Services
Permian
Basin
LLC
8.44%,
10/05/2028
(m)
433‌
436‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Traverse
Midstream
Partners
LLC
8.83%,
02/16/2028
(m)
38‌
38‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
$
2,547‌
Real
Estate
-
0.02%
Cushman
&
Wakefield
US
Borrower
LLC
8.68%,
01/31/2030
(m)
763‌
765‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Retail
-
0.16%
1011778
BC
ULC
7.59%,
09/20/2030
(m)
830‌
830‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Academy
Ltd
9.18%,
11/05/2027
(m)
74‌
74‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Belk
Inc
10.00%,
07/31/2025
(m)
1,107‌
170‌
14.75%,
07/31/2025
(m)
232‌
224‌
Prime
Rate
+
7.50%
IRB
Holding
Corp
8.18%,
12/15/2027
(m)
1,030‌
1,034‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Kodiak
BP
LLC
9.06%,
03/17/2028
(m)
298‌
300‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
LBM
Acquisition
LLC
0.00%,
05/30/2031
(m),(n)
315‌
312‌
9.18%,
12/09/2027
(m)
120‌
120‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
LS
Group
OpCo
Acquistion
LLC
8.32%,
04/23/2031
(m)
334‌
335‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
PetSmart
LLC
9.18%,
02/11/2028
(m)
586‌
583‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
RH
7.93%,
10/20/2028
(m)
277‌
270‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Serta
Simmons
Bedding
Inc
12.92%,
06/29/2028
(m)
20‌
17‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
7.50%
SRS
Distribution
Inc
8.67%,
06/04/2028
(m)
818‌
822‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.25%
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
55
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Retail
(continued)
Staples
Inc
10.43%,
04/09/2026
(m)
$
105‌
$
104‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.00%
$
5,195‌
Software
-
0.56%
Avaya
Inc
6.83%,
PIK
7.00%,
07/31/2028
(l),(m)
1,910‌
1,594‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
7.50%
Azalea
Topco
Inc
8.83%,
04/24/2031
(m)
255‌
256‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Boxer
Parent
Co
Inc
9.33%,
12/02/2028
(m)
1,816‌
1,829‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
Ceridian
HCM
Holding
Inc
7.82%,
02/26/2031
(m)
232‌
233‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Cotiviti
Inc
8.56%,
02/21/2031
(m)
973‌
976‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
DTI
Holdco
Inc
10.07%,
04/26/2029
(m)
211‌
212‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.75%
Dun
&
Bradstreet
Corp/The
8.07%,
01/18/2029
(m)
5‌
5‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Ellucian
Holdings
Inc
0.00%,
10/07/2027
(m),(n)
38‌
38‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
8.93%,
10/07/2029
(m)
865‌
869‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Epicor
Software
Corp
8.68%,
07/30/2027
(m)
1,108‌
1,111‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
9.07%,
07/30/2027
(m)
249‌
250‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Genesys
Cloud
Services
Holdings
II
LLC
8.83%,
12/01/2027
(m)
503‌
506‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
9.18%,
12/01/2027
(m)
424‌
427‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Informatica
LLC
8.18%,
10/27/2028
(m)
1,085‌
1,089‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Ivanti
Software
Inc
9.55%,
12/01/2027
(m)
27‌
23‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
9.82%,
12/01/2027
(m)
71‌
62‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.25%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Software
(continued)
Marcel
Bidco
LLC
9.82%,
10/26/2030
(m)
$
40‌
$
40‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.50%
Open
Text
Corp
8.15%,
01/31/2030
(m)
658‌
662‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Project
Ruby
Ultimate
Parent
Corp
8.68%,
03/10/2028
(m)
367‌
368‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Quartz
Acquireco
LLC
8.81%,
06/28/2030
(m)
717‌
720‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Rackspace
Finance
LLC
8.19%,
05/15/2028
(m)
708‌
316‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
11.69%,
05/15/2028
(m)
288‌
289‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.25%
Riverbed
Technology
9.81%,
PIK
0.00%,
07/01/2028
(l),(m)
581‌
346‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.50%
Rocket
Software
Inc
10.07%,
11/28/2028
(m)
771‌
774‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.75%
SS&C
Technologies
Inc
7.32%,
05/02/2031
(m)
225‌
226‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
UKG
Inc
8.82%,
01/30/2031
(m)
2,177‌
2,193‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
VS
Buyer
LLC
8.57%,
04/03/2031
(m)
355‌
357‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
West
Technology
Group
LLC
9.58%,
04/09/2027
(m)
695‌
676‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
Zelis
Payments
Buyer
Inc
8.07%,
09/28/2029
(m)
992‌
996‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
ZoomInfo
LLC
7.57%,
02/28/2030
(m)
663‌
663‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
$
18,106‌
Telecommunications
-
0.24%
Altice
France
SA
9.28%,
01/31/2026
(m)
98‌
81‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.69%
9.58%,
08/14/2026
(m)
585‌
467‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
Cincinnati
Bell
Inc
8.67%,
11/23/2028
(m)
493‌
491‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
56
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Telecommunications
(continued)
CommScope
Inc
8.68%,
04/06/2026
(m)
$
812‌
$
726‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Cyxtera
DC
Holdings
Inc
0.00%,
05/01/2024
(e),(m)
277‌
3‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Delta
Topco
Inc
8.81%,
12/24/2029
(m)
526‌
528‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
EOS
US
Finco
LLC
11.31%,
10/06/2029
(m)
253‌
198‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
5.75%
Frontier
Communications
Holdings
LLC
9.18%,
10/08/2027
(m)
1,704‌
1,702‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Iridium
Satellite
LLC
7.82%,
09/13/2030
(m)
593‌
594‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Level
3
Financing
Inc
0.00%,
03/01/2027
(m),(n)
39‌
37‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.75%
11.88%,
04/15/2029
(m)
999‌
968‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.56%
11.88%,
04/15/2030
(m)
735‌
709‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.56%
MLN
US
Holdco
LLC
9.93%,
11/30/2025
(m)
1,058‌
93‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.50%
12.13%,
10/18/2027
(m)
615‌
92‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
6.80%
Syniverse
Holdings
LLC/DE
12.30%,
05/13/2027
(m)
582‌
556‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
7.00%
Zayo
Group
Holdings
Inc
8.43%,
03/09/2027
(m)
691‌
598‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
$
7,843‌
Transportation
-
0.00%
Clue
Opco
LLC
0.00%,
12/19/2030
(m),(n)
94‌
86‌
TOTAL
SENIOR
FLOATING
RATE
INTERESTS
$
146,142‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
-
28.72%
Principal
Amount
(000's)
Value
(000's)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
-
0.18%
5.00%,
06/01/2054
(o)
$
4,082‌
$
3,929‌
5.50%,
06/01/2054
(o)
1,871‌
1,840‌
$
5,769‌
U.S.
Treasury
-
0.02%
3.00%,
02/15/2049
860‌
643‌
U.S.
Treasury
Bill
-
16.71%
5.17%,
06/06/2024
(a),(p),(q)
67,305‌
67,275‌
5.22%,
10/03/2024
(a),(p),(r)
4,700‌
4,617‌
5.28%,
09/19/2024
(a),(p),(r)
26,200‌
25,789‌
5.29%,
06/25/2024
(a),(p)
12,300‌
12,260‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
U.S.
Treasury
Bill
(continued)
5.29%,
11/14/2024
(a),(p)
$
8,000‌
$
7,812‌
5.30%,
06/04/2024
(a),(p)
54,975‌
54,967‌
5.30%,
06/13/2024
(a),(p)
3,405‌
3,400‌
5.30%,
07/05/2024
(a),(p),(q)
59,455‌
59,176‌
5.30%,
11/29/2024
(a),(p)
45,400‌
44,236‌
5.31%,
06/27/2024
(a),(p)
27,885‌
27,787‌
5.31%,
07/02/2024
(a),(p)
19,675‌
19,592‌
5.31%,
07/09/2024
(a),(p)
1,115‌
1,109‌
5.31%,
07/11/2024
(a),(p)
47,115‌
46,853‌
5.31%,
07/16/2024
(a),(p)
40,515‌
40,260‌
5.32%,
06/18/2024
(a),(p)
44,985‌
44,886‌
5.32%,
06/20/2024
(a),(p)
1,435‌
1,431‌
5.32%,
09/03/2024
(a),(p)
2,800‌
2,763‌
5.33%,
09/24/2024
(a),(p)
47,600‌
46,820‌
5.38%,
08/06/2024
(a),(p)
4,000‌
3,963‌
5.39%,
06/11/2024
(a),(p)
27,455‌
27,423‌
$
542,419‌
U.S.
Treasury
Inflation-Indexed
Obligations
-
11.81%
0.13%,
10/15/2025
12,380‌
11,977‌
0.13%,
04/15/2026
2,126‌
2,029‌
0.13%,
07/15/2026
13,190‌
12,596‌
0.13%,
10/15/2026
12,527‌
11,905‌
0.13%,
04/15/2027
13,518‌
12,678‌
0.13%,
01/15/2030
11,830‌
10,599‌
0.13%,
07/15/2030
13,558‌
12,082‌
0.13%,
01/15/2031
14,032‌
12,328‌
0.13%,
07/15/2031
14,811‌
12,931‌
0.13%,
01/15/2032
15,656‌
13,473‌
0.13%,
02/15/2051
5,356‌
3,071‌
0.13%,
02/15/2052
6,008‌
3,377‌
0.25%,
07/15/2029
10,684‌
9,762‌
0.25%,
02/15/2050
5,151‌
3,121‌
0.38%,
07/15/2025
13,966‌
13,621‌
0.38%,
01/15/2027
9,212‌
8,742‌
0.38%,
07/15/2027
12,385‌
11,708‌
0.50%,
01/15/2028
12,809‌
12,031‌
0.63%,
01/15/2026
11,991‌
11,600‌
0.63%,
07/15/2032
16,243‌
14,490‌
0.63%,
02/15/2043
5,305‌
3,970‌
0.75%,
07/15/2028
10,568‌
10,003‌
0.75%,
02/15/2042
6,837‌
5,319‌
0.75%,
02/15/2045
7,802‌
5,818‌
0.88%,
01/15/2029
9,173‌
8,658‌
0.88%,
02/15/2047
4,807‌
3,586‌
1.00%,
02/15/2046
4,081‌
3,168‌
1.00%,
02/15/2048
3,610‌
2,745‌
1.00%,
02/15/2049
2,576‌
1,945‌
1.13%,
01/15/2033
15,603‌
14,372‌
1.25%,
04/15/2028
3,712‌
3,574‌
1.38%,
07/15/2033
(r)
16,151‌
15,184‌
1.38%,
02/15/2044
7,143‌
6,104‌
1.50%,
02/15/2053
5,742‌
4,797‌
1.63%,
10/15/2027
11,181‌
10,977‌
1.75%,
01/15/2028
4,397‌
4,318‌
1.75%,
01/15/2034
14,972‌
14,460‌
2.00%,
01/15/2026
5,076‌
5,019‌
2.13%,
04/15/2029
7,301‌
7,290‌
2.13%,
02/15/2040
2,531‌
2,497‌
2.13%,
02/15/2041
4,287‌
4,229‌
2.13%,
02/15/2054
2,900‌
2,802‌
2.38%,
01/15/2027
5,237‌
5,232‌
2.38%,
10/15/2028
13,771‌
13,919‌
2.50%,
01/15/2029
4,701‌
4,772‌
3.38%,
04/15/2032
2,175‌
2,366‌
3.63%,
04/15/2028
5,285‌
5,550‌
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
57
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
U.S.
Treasury
Inflation-Indexed
Obligations
(continued)
3.88%,
04/15/2029
$
6,308‌
$
6,801‌
$
383,596‌
TOTAL
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
$
932,427‌
TOTAL
PURCHASED
OPTIONS
-
0.00%
$
46‌
TOTAL
PURCHASED
INTEREST
RATE
SWAPTIONS
-
0.00%
$
104‌
Total
Investments
$
3,246,380‌
Other
Assets
and
Liabilities
-  0.01%
(62‌)
TOTAL
NET
ASSETS
-
100.00%
$
3,246,318‌
(a)
All
or
a
portion
of
this
security
is
owned
by
the
DRA
Cayman
Corporation,
which
is
a
100%
owned
subsidiary
of
the
fund.
(b)
1-day
yield
shown
is
as
of
period
end.
(c)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$18,003
or
0.55%
of
net
assets.
(d)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(e)
Non-income
producing
security
(f)
Security
or
a
portion
of
the
security
was
on
loan.  At
the
end
of
the
period,
the
value
of
these
securities
totaled
$17,222
or
0.53%
of
net
assets.
(g)
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
$82,364
or
2.54%
of
net
assets.
(h)
The
value
of
these
investments
was
determined
using
significant
unobservable
inputs,
in
good
faith
by
the
Manager,
under
procedures
established
and
periodically
reviewed
by
the
Board
of
Directors.
(i)
Restricted
Security.
Please
see
Restricted
Securities
sub-schedule
for
additional
information.
(j)
Security
purchased
on
a
when-issued
basis.
(k)
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.
Rate
shown
is
the
rate
in
effect
as
of
period
end.
(l)
Payment
in
kind;
the
issuer
has
the
option
of
paying
additional
securities
in
lieu
of
cash.
(m)
Rate
information
disclosed
is
based
on
an
average
weighted
rate
of
the
underlying
tranches
as
of
period
end.
(n)
This
Senior
Floating
Rate
Note
will
settle
after
May
31,
2024,
at
which
time
the
interest
rate
will
be
determined.
(o)
Security
was
purchased
in
a
"to-be-announced"
("TBA")
transaction.
(p)
Rate
shown
is
the
discount
rate
of
the
original
purchase.
(q)
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
$34,651
or
1.07%
of
net
assets.
(r)
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
$15,256
or
0.47%
of
net
assets.
Portfolio
Summary
Sector
Percent
Government
28.75‌%
Financial
20.00‌%
Utilities
13.36‌%
Energy
9.95‌%
Industrial
7.21‌%
Basic
Materials
5.52‌%
Exchange-Traded
Funds
5.15‌%
Consumer,
Non-cyclical
3.49‌%
Money
Market
Funds
2.77‌%
Consumer,
Cyclical
1.35‌%
Technology
1.03‌%
Communications
0.86‌%
Mortgage
Securities
0.37‌%
Closed-End
Funds
0.10‌%
Asset
Backed
Securities
0.08‌%
Purchased
Interest
Rate
Swaptions
0.00‌%
Purchased
Options
0.00‌%
Other
Assets
and
Liabilities
0.01‌%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
August
31,
2023
Purchases
Sales
May
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
$
76,170‌
$
2,033,321‌
$
2,038,508‌
$
70,983‌
$
76,170‌
$
2,033,321‌
$
2,038,508‌
$
70,983‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
$
2,990‌
$
—‌
$
—‌
$
—‌
$
2,990‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Restricted
Securities
Security
Name
Acquisition
Date
Cost
Value
Percent
of
Net
Assets
Millennium
Health
LLC
03/15/2016
$
—‌
$
2‌
0.00%
Millennium
Health
LLC
03/15/2016
—‌
—‌
0.00%
Total
$
2‌
0.00%
Amounts
in
thousands.
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
58
Options
Purchased
Options
Outstanding
Counterparty
Contracts/
Shares
Notional
Amount
Exercise
Price
Expiration
Date
Upfront
Payments
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Call
-
USD
versus
CNH
Morgan
Stanley
&
Co
1
$
6,384‌
$
7.75‌
03/09/2026
$
47‌
$
46‌
$
(1‌)
Total
$
47‌
$
46‌
$
(1‌)
Amounts
in
thousands
except
contracts/shares.
Interest
Rate
Swaptions
Purchased
Swaptions
Outstanding
Counterparty
Paid
by
the
Fund
Rate/Reference    Frequency
Received
by
the
Fund
Rate/Reference  Frequency
Notional
Amount
Exercise
Rate
Expiration
Date
Upfront
Payments
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Call
-
1
Year
Interest
Rate
Swap
Barclays
Bank
PLC
Secured
Overnight
Financing
Rate
Daily
4.54%
Annual
$
44,752‌
4.54%
10/17/2024
$
91‌
$
47‌
$
(44‌)
Call
-
1
Year
Interest
Rate
Swap
Deutsche
Bank
AG
Secured
Overnight
Financing
Rate
Daily
4.54%
Annual
22,437‌
4.54%
10/17/2024
46‌
24‌
(22‌)
Put
-
10
Year
Interest
Rate
Swap
Citigroup
Inc
4.43%
Daily
Secured
Overnight
Financing
Rate
Annual
2,513‌
4.43%
10/18/2024
40‌
22‌
(18‌)
Put
-
10
Year
Interest
Rate
Swap
Citigroup
Inc
4.43%
Daily
Secured
Overnight
Financing
Rate
Annual
1,257‌
4.43%
10/18/2024
19‌
11‌
(8‌)
Total
$
196‌
$
104‌
$
(92‌)
Written
Swaptions
Outstanding
Counterparty
Paid
by
the
Fund
Rate/Reference  Frequency
Received
by
the
Fund
Rate/Reference  Frequency
Notional
Amount
Exercise
Rate
Expiration
Date
Upfront
Receipts
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Call
-
1
Year
Interest
Rate
Swap
Barclays
Bank
PLC
3.84%
Daily
Secured
Overnight
Financing
Rate
Annual
$
44,752‌
3.84%
10/17/2024
$
(37‌)
$
(12‌)
$
25‌
Call
-
1
Year
Interest
Rate
Swap
Deutsche
Bank
AG
3.84%
Daily
Secured
Overnight
Financing
Rate
Annual
22,437‌
3.84%
10/17/2024
(19‌)
(6‌)
13‌
Put
-
1
Year
Interest
Rate
Swap
Citigroup
Inc
Secured
Overnight
Financing
Rate
Daily
5.10%
Annual
21,106‌
5.10%
10/18/2024
(37‌)
(23‌)
14‌
Put
-
1
Year
Interest
Rate
Swap
Citigroup
Inc
Secured
Overnight
Financing
Rate
Daily
5.10%
Annual
10,553‌
5.10%
10/18/2024
(17‌)
(11‌)
6‌
Total
$
(110‌)
$
(52‌)
$
58‌
Amounts
in
thousands.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
Australia
10
Year
Bond;
June
2024
Long
14‌
$
1,049‌
$
(15‌)
Brent
Crude;
August
2024
(a)
Long
949‌
76,973‌
(1,262‌)
Brent
Crude;
June
2025
(a)
Long
133‌
10,355‌
(171‌)
Cocoa;
December
2024
(a)
Short
70‌
5,399‌
(1,049‌)
Cocoa;
July
2024
(a)
Short
11‌
1,026‌
(16‌)
Cocoa;
July
2024
(a)
Long
22‌
2,053‌
(330‌)
Cocoa;
September
2024
(a)
Short
30‌
2,576‌
(802‌)
Coffee
'C';
December
2024
(a)
Short
5‌
412‌
(46‌)
Coffee
'C';
July
2024
(a)
Short
43‌
3,585‌
(88‌)
Copper;
July
2024
(a)
Long
10‌
1,150‌
19‌
Copper;
September
2024
(a)
Long
1‌
115‌
(3‌)
Corn;
December
2024
(a)
Short
120‌
2,802‌
129‌
Corn;
July
2024
(a)
Short
46‌
1,026‌
2‌
Corn;
July
2024
(a)
Long
105‌
2,343‌
(9‌)
Corn;
September
2024
(a)
Long
375‌
8,512‌
(338‌)
Cotton
No.2;
December
2024
(a)
Short
201‌
7,549‌
685‌
Cotton
No.2;
December
2024
(a)
Long
355‌
13,332‌
(645‌)
Cotton
No.2;
July
2024
(a)
Long
50‌
1,904‌
(90‌)
Euro
Buxl
30
Year
Bond;
September
2024
Short
3‌
417‌
(2‌)
Euro
Milling
Wheat;
September
2024
(a)
Long
54‌
760‌
132‌
Frozen
Concentrated
Orange
Juice-A;
July
2024
(a)
Short
16‌
1,049‌
(208‌)
Frozen
Concentrated
Orange
Juice-A;
November
2024
(a)
Short
3‌
187‌
(16‌)
Frozen
Concentrated
Orange
Juice-A;
September
2024
(a)
Short
9‌
574‌
(83‌)
Gasoline
RBOB;
July
2024
(a)
Short
6‌
609‌
15‌
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
59
Futures
Contracts
(continued)
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
Gasoline
RBOB;
July
2024
(a)
Long
6‌
$
609‌
$
(63‌)
Gasoline
RBOB;
October
2024
(a)
Short
40‌
3,678‌
85‌
Gasoline
RBOB;
September
2024
(a)
Long
86‌
8,546‌
(301‌)
Gold
100
oz;
August
2024
(a)
Long
383‌
89,844‌
4,499‌
ICE
Endex
Dutch
TTF
Natural
Gas;
April
2025
(a)
Short
155‌
4,483‌
(710‌)
KC
HRW
Wheat;
July
2024
(a)
Long
143‌
5,068‌
977‌
KC
HRW
Wheat;
September
2024
(a)
Long
465‌
16,816‌
2,791‌
Lean
Hogs;
August
2024
(a)
Long
38‌
1,467‌
(110‌)
Lean
Hogs;
July
2024
(a)
Long
14‌
544‌
(27‌)
Live
Cattle;
August
2024
(a)
Short
70‌
4,997‌
111‌
Live
Cattle;
December
2024
(a)
Short
32‌
2,364‌
65‌
LME
Copper;
July
2024
(a)
Short
—‌
—‌
3,507‌
LME
Copper;
September
2024
(a)
Long
291‌
73,252‌
6,806‌
LME
Lead;
July
2024
(a)
Short
—‌
—‌
(1‌)
LME
Lead;
June
2024
(a)
Long
14‌
780‌
66‌
LME
Lead;
June
2024
(a)
Short
—‌
—‌
(15‌)
LME
Lead;
September
2024
(a)
Long
21‌
1,198‌
508‌
LME
Nickel;
July
2024
(a)
Short
—‌
—‌
509‌
LME
Nickel;
June
2024
(a)
Long
30‌
3,514‌
619‌
LME
Nickel;
September
2024
(a)
Long
101‌
11,979‌
1,583‌
LME
PRI
Alum;
December
2024
(a)
Short
—‌
—‌
572‌
LME
PRI
Alum;
July
2024
(a)
Short
—‌
—‌
(2‌)
LME
PRI
Alum;
June
2024
(a)
Short
—‌
—‌
(269‌)
LME
PRI
Alum;
September
2024
(a)
Short
22‌
1,466‌
(47‌)
LME
PRI
Alum;
September
2024
(a)
Long
330‌
21,986‌
3,761‌
LME
Zinc;
July
2024
(a)
Short
—‌
—‌
32‌
LME
Zinc;
June
2024
(a)
Long
91‌
6,664‌
775‌
LME
Zinc;
September
2024
(a)
Long
3‌
223‌
3‌
Low
Sulphur
Gasoline;
June
2024
(a)
Long
176‌
12,879‌
(987‌)
Natural
Gas;
October
2024
(a)
Long
73‌
2,003‌
(122‌)
Natural
Gas;
October
2025
(a)
Long
345‌
12,040‌
136‌
Natural
Gas;
September
2024
(a)
Long
114‌
3,022‌
219‌
NY
Harb
ULSD;
July
2024
(a)
Long
1‌
100‌
(2‌)
NY
Harb
ULSD;
October
2024
(a)
Short
46‌
4,704‌
117‌
NY
Harb
ULSD;
September
2024
(a)
Long
98‌
9,969‌
(648‌)
Palladium;
September
2024
(a)
Long
22‌
2,008‌
(248‌)
Platinum;
October
2024
(a)
Long
33‌
1,739‌
164‌
Robusta
Coffee
10tn;
July
2024
(a)
Short
95‌
3,914‌
(904‌)
SGX
Iron
Ore
62%;
December
2024
(a)
Long
449‌
5,060‌
(8‌)
SGX
Iron
Ore
62%;
June
2024
(a)
Long
383‌
4,422‌
(53‌)
SGX
Iron
Ore
62%;
September
2024
(a)
Long
697‌
7,997‌
(28‌)
Silver;
July
2024
(a)
Long
71‌
10,806‌
604‌
Silver;
September
2024
(a)
Long
14‌
2,154‌
248‌
Soybean
Meal;
July
2024
(a)
Long
173‌
6,309‌
470‌
Soybean
Oil;
July
2024
(a)
Long
649‌
17,726‌
1‌
Soybean;
July
2024
(a)
Long
93‌
5,603‌
105‌
Soybean;
November
2024
(a)
Short
45‌
2,665‌
(62‌)
Sugar
#11;
July
2024
(a)
Short
115‌
2,357‌
437‌
Sugar
#11;
October
2024
(a)
Long
387‌
7,928‌
(640‌)
US
10
Year
Note;
September
2024
Short
13‌
1,414‌
3‌
US
10
Year
Ultra
Note;
September
2024
Short
63‌
7,058‌
5‌
US
2
Year
Note;
September
2024
Long
33‌
6,722‌
1‌
US
5
Year
Note;
September
2024
Long
45‌
4,761‌
(2‌)
US
Long
Bond;
September
2024
Short
10‌
1,161‌
9‌
US
Ultra
Bond;
September
2024
Short
8‌
980‌
11‌
Wheat;
July
2024
(a)
Long
55‌
1,866‌
312‌
Wheat;
September
2024
(a)
Short
264‌
9,233‌
(584‌)
WTI
Crude;
July
2024
(a)
Short
20‌
1,540‌
13‌
WTI
Crude;
October
2024
(a)
Short
371‌
28,192‌
212‌
WTI
Crude;
September
2024
(a)
Long
31‌
2,368‌
(170‌)
Total
$
20,142‌
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.
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
60
Foreign
Currency
Contracts
Unrealized
Appreciation/(Depreciation)
Counterparty
Settlement
Date
Currency
to
Accept
Currency
to
Deliver
Asset
Liability
BNP
Paribas
06/04/2024
$
601‌
GBP
480‌
$
—‌
$
(10‌)
BNP
Paribas
06/20/2024
JPY
77,818‌
$
518‌
—‌
(22‌)
Citigroup
Inc
06/20/2024
JPY
156,203‌
$
1,020‌
—‌
(24‌)
Citigroup
Inc
06/20/2024
$
1,028‌
JPY
157,202‌
26‌
—‌
Deutsche
Bank
AG
06/04/2024
$
3,458‌
EUR
3,222‌
—‌
(38‌)
Deutsche
Bank
AG
06/20/2024
$
450‌
JPY
69,348‌
8‌
—‌
Deutsche
Bank
AG
07/02/2024
$
21‌
EUR
19‌
—‌
—‌
Goldman
Sachs
&
Co
06/20/2024
JPY
313,915‌
$
2,072‌
—‌
(71‌)
Goldman
Sachs
&
Co
06/20/2024
$
1,546‌
JPY
235,324‌
46‌
—‌
Goldman
Sachs
&
Co
06/20/2024
$
160‌
MXN
2,737‌
—‌
(1‌)
HSBC
Securities
Inc
06/04/2024
GBP
324‌
$
412‌
1‌
—‌
HSBC
Securities
Inc
06/04/2024
$
293‌
GBP
234‌
—‌
(5‌)
HSBC
Securities
Inc
07/02/2024
$
412‌
GBP
324‌
—‌
(1‌)
Morgan
Stanley
&
Co
06/20/2024
$
1,036‌
JPY
155,734‌
43‌
—‌
Standard
Chartered
Bank,
Hong
Kong
06/04/2024
GBP
389‌
$
495‌
—‌
—‌
Standard
Chartered
Bank,
Hong
Kong
06/04/2024
EUR
3,047‌
$
3,300‌
6‌
—‌
Standard
Chartered
Bank,
Hong
Kong
07/02/2024
$
3,304‌
EUR
3,047‌
—‌
(6‌)
Total
$
130‌
$
(178‌)
Amounts
in
thousands.
Exchange
Cleared
Credit
Default
Swaps
Sell
Protection
Reference
Entity
Implied
Credit
Spread
as
of
May
31,
2024
(a)
(Pay)/
Receive
Fixed
Rate
Payment
Frequency
Maturity
Date
Notional
Amount
(b)
Upfront
Payments/
(Receipts)
Unrealized
Appreciation/
(Depreciation)
Fair
Value
(c)
CDX.NA.HY.42
N/A
5.00%
Quarterly
06/20/2029
$
4,327‌
$
255‌
$
34‌
$
289‌
Total
$
255‌
$
34‌
$
289‌
Amounts
in
thousands.
(a)
Implied
credit
spreads,
represented
in
absolute
terms,
used
in
determining
the
fair
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
is
$4,327.
(c)
The
price
and
resulting
fair
value
for
credit
default
swap
agreements
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
fair
values
of
the
swap,
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.
Exchange
Cleared
Interest
Rate
Swaps
Floating
Rate
Index
(Pay)/
Receive
Floating
Rate
Fixed
Rate
Payment
Frequency
Paid
by
Fund
Payment
Frequency
Received
by
Fund
Effective
Date
(a)
Maturity
Date
Notional
Amount
Unrealized
Appreciation/
(Depreciation)
Upfront
Payments/
(Receipts)
Fair
Value
6
Month
Euro
Interbank
Offered
Rate
Receive
2.54%
Annual
Semiannual
N/A
04/22/2054
EUR
398‌
$
6‌
$
(1‌)
$
5‌
6
Month
Euro
Interbank
Offered
Rate
Receive
2.46%
Semiannual
Semiannual
N/A
03/22/2054
103‌
3‌
—‌
3‌
6
Month
Euro
Interbank
Offered
Rate
Receive
2.51%
Annual
Semiannual
N/A
03/01/2054
245‌
5‌
—‌
5‌
6
Month
Euro
Interbank
Offered
Rate
Receive
2.49%
Annual
Semiannual
N/A
02/19/2054
487‌
12‌
1‌
13‌
6
Month
Euro
Interbank
Offered
Rate
Receive
2.51%
Annual
Semiannual
N/A
02/20/2054
487‌
11‌
—‌
11‌
6
Month
Euro
Interbank
Offered
Rate
Receive
2.51%
Annual
Semiannual
N/A
02/20/2054
1,131‌
23‌
—‌
23‌
Canadian
Overnight
Repo
Rate
Average
Receive
4.30%
Annual
Annual
N/A
05/29/2026
CAD
3,616‌
(6‌)
—‌
(6‌)
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Receive
2.50%
Annual
Annual
N/A
05/20/2029
$
430‌
2‌
—‌
2‌
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Receive
2.49%
Annual
Annual
N/A
05/17/2029
435‌
2‌
—‌
2‌
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Receive
2.55%
Annual
Annual
N/A
05/07/2049
535‌
—‌
—‌
—‌
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Receive
2.48%
Annual
Annual
N/A
03/20/2026
3,650‌
19‌
—‌
19‌
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Receive
2.43%
Annual
Annual
N/A
02/21/2028
900‌
8‌
—‌
8‌
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Receive
2.56%
Annual
Annual
N/A
04/13/2028
1,505‌
11‌
1‌
12‌
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
61
Exchange
Cleared
Interest
Rate
Swaps
(continued)
Floating
Rate
Index
(Pay)/
Receive
Floating
Rate
Fixed
Rate
Payment
Frequency
Paid
by
Fund
Payment
Frequency
Received
by
Fund
Effective
Date
(a)
Maturity
Date
Notional
Amount
Unrealized
Appreciation/
(Depreciation)
Upfront
Payments/
(Receipts)
Fair
Value
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Receive
2.47%
Annual
Annual
N/A
12/18/2053
$
500‌
$
8‌
$
—‌
$
8‌
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Receive
2.42%
Annual
Annual
N/A
05/22/2028
6,725‌
93‌
—‌
93‌
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Receive
2.32%
Annual
Annual
N/A
11/21/2026
1,770‌
15‌
—‌
15‌
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Receive
2.41%
Annual
Annual
N/A
06/02/2028
2,000‌
29‌
—‌
29‌
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Receive
2.13%
Annual
Annual
N/A
01/09/2026
3,775‌
42‌
—‌
42‌
Eurostat
Eurozone
HICP
ex
Tobacco
Pay
2.53%
Annual
Annual
N/A
11/15/2053
EUR
175‌
—‌
—‌
—‌
Eurostat
Eurozone
HICP
ex
Tobacco
Pay
2.64%
Annual
Annual
N/A
11/15/2053
90‌
3‌
—‌
3‌
Eurostat
Eurozone
HICP
ex
Tobacco
Pay
2.78%
Annual
Annual
N/A
08/15/2053
45‌
4‌
—‌
4‌
New
Zealand
Bank
Bill
3
Month
FRA
Receive
4.45%
Semiannual
Quarterly
N/A
05/20/2034
NZD
759‌
8‌
—‌
8‌
New
Zealand
Bank
Bill
3
Month
FRA
Receive
4.46%
Semiannual
Quarterly
N/A
05/20/2034
913‌
9‌
—‌
9‌
Secured
Overnight
Financing
Rate
Pay
4.87%
Annual
Annual
N/A
05/30/2026
$
2,637‌
3‌
—‌
3‌
Tokyo
Overnight  Average
Rate
Pay
0.99%
Annual
Annual
N/A
05/21/2034
JPY
65,430‌
(4‌)
—‌
(4‌)
Tokyo
Overnight  Average
Rate
Receive
0.41%
Annual
Annual
N/A
05/21/2026
310,870‌
1‌
—‌
1‌
Tokyo
Overnight  Average
Rate
Pay
0.85%
Annual
Annual
N/A
03/11/2034
72,395‌
(9‌)
—‌
(9‌)
Tokyo
Overnight  Average
Rate
Receive
0.27%
Annual
Annual
N/A
03/11/2026
344,750‌
5‌
—‌
5‌
United
Kingdom
Retail
Prices
Index
Receive
4.05%
Annual
Annual
N/A
05/15/2026
GBP
895‌
2‌
—‌
2‌
United
Kingdom
Retail
Prices
Index
Pay
4.04%
Annual
Annual
N/A
05/15/2028
895‌
(2‌)
—‌
(2‌)
Total
$
303‌
$
1‌
$
304‌
Amounts
in
thousands.
(a)    
Forward
swap.
Total
Return
Swaps
Counterparty
Reference
Entity
Contracts
Pay/Receive
Positive
Return
Financing
Rate
Payment
Frequency
Expiration
Date
Notional
Amount
Upfront
Payments/
(Receipts)
Value
and
Unrealized
Appreciation/(Depreciation)
Asset
---- 
Liability
Bank
of
America
NA
Refinitiv/
CoreCommodity
CRB
3-Month
Forward
Index
Total
Return
(a)
51,341
Receive
UST
13
Week
Bill
High
Discount
Rate
+
0.25%
Monthly
05/01/2025
$
51,586‌
$
—‌
$
—‌
$
(371‌)
Bank
of
America
NA
Refinitiv/
CoreCommodity
CRB(R)
Index
Total
Return
(a)
76,166
Receive
UST
13
Week
Bill
High
Discount
Rate
+
0.21%
Monthly
05/01/2025
25,822‌
—‌
—‌
(119‌)
Citigroup
Inc
Refinitiv/
CoreCommodity
CRB
3-Month
Forward
Index
Total
Return
(a)
94,169
Receive
UST
13
Week
Bill
High
Discount
Rate
+
0.24%
Monthly
05/01/2025
94,620‌
—‌
—‌
(680‌)
Citigroup
Inc
Refinitiv/
CoreCommodity
CRB(R)
Index
Total
Return
(a)
68,562
Receive
UST
13
Week
Bill
High
Discount
Rate
+
0.21%
Monthly
05/01/2025
23,244‌
—‌
—‌
(108‌)
Total
$
—‌
$
—‌
$
(1,278‌)
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.
Schedule
of
Investments
Edge
MidCap
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
62
INVESTMENT
COMPANIES
-
2
.30
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
2
.30
%
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
(a),(b)
1,766,688‌
$
1,767‌
TOTAL
INVESTMENT
COMPANIES
$
1,767‌
COMMON
STOCKS
-
97
.57
%
Shares
Held
Value
(000's)
Advertising
-
1
.62
%
Interpublic
Group
of
Cos
Inc/The
39,782‌
$
1,248‌
Automobile
Parts
&
Equipment
-
2
.67
%
Autoliv
Inc
16,078‌
2,051‌
Banks
-
3
.24
%
Bank
OZK
16,428‌
688‌
Cullen/Frost
Bankers
Inc
17,727‌
1,801‌
$
2,489‌
Building
Materials
-
3
.28
%
Lennox
International
Inc
5,011‌
2,518‌
Chemicals
-
2
.42
%
FMC
Corp
20,830‌
1,270‌
RPM
International
Inc
5,249‌
588‌
$
1,858‌
Commercial
Services
-
2
.69
%
Morningstar
Inc
7,168‌
2,066‌
Computers
-
1
.39
%
Amdocs
Ltd
13,520‌
1,068‌
Consumer
Products
-
3
.70
%
Avery
Dennison
Corp
11,170‌
2,542‌
WD-40
Co
1,355‌
304‌
$
2,846‌
Diversified
Financial
Services
-
3
.94
%
Hamilton
Lane
Inc
18,233‌
2,288‌
LPL
Financial
Holdings
Inc
2,577‌
738‌
$
3,026‌
Electric
-
2
.62
%
Alliant
Energy
Corp
39,080‌
2,013‌
Electrical
Components
&
Equipment
-
2
.23
%
Littelfuse
Inc
6,676‌
1,713‌
Electronics
-
1
.50
%
nVent
Electric
PLC
14,199‌
1,156‌
Entertainment
-
0
.49
%
Live
Nation
Entertainment
Inc
(c)
4,054‌
380‌
Food
-
0
.91
%
Simply
Good
Foods
Co/The
(c)
18,081‌
696‌
Hand
&
Machine
Tools
-
8
.10
%
Lincoln
Electric
Holdings
Inc
10,370‌
2,036‌
MSA
Safety
Inc
11,503‌
2,071‌
Snap-on
Inc
7,755‌
2,115‌
$
6,222‌
Healthcare
-
Products
-
7
.74
%
Bio-Techne
Corp
27,239‌
2,103‌
Inspire
Medical
Systems
Inc
(c)
1,312‌
208‌
STERIS
PLC
10,255‌
2,286‌
Teleflex
Inc
6,451‌
1,349‌
$
5,946‌
Healthcare
-
Services
-
2
.80
%
Universal
Health
Services
Inc
11,320‌
2,149‌
Insurance
-
5
.13
%
Fidelity
National
Financial
Inc
40,774‌
2,052‌
Kinsale
Capital
Group
Inc
2,197‌
843‌
Markel
Group
Inc
(c)
639‌
1,049‌
$
3,944‌
Leisure
Products
&
Services
-
4
.99
%
Brunswick
Corp/DE
24,534‌
2,025‌
YETI
Holdings
Inc
(c)
44,232‌
1,802‌
$
3,827‌
Machinery
-
Diversified
-
2
.84
%
Nordson
Corp
9,297‌
2,182‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Oil
&
Gas
-
4
.62
%
Coterra
Energy
Inc
46,526‌
$
1,326‌
Helmerich
&
Payne
Inc
26,873‌
1,023‌
HF
Sinclair
Corp
21,702‌
1,199‌
$
3,548‌
REITs
-
7
.27
%
Alexandria
Real
Estate
Equities
Inc
14,493‌
1,725‌
Equity
LifeStyle
Properties
Inc
24,625‌
1,546‌
Essential
Properties
Realty
Trust
Inc
31,179‌
835‌
Terreno
Realty
Corp
26,125‌
1,478‌
$
5,584‌
Retail
-
5
.28
%
Casey's
General
Stores
Inc
4,510‌
1,496‌
Tractor
Supply
Co
8,990‌
2,565‌
$
4,061‌
Semiconductors
-
3
.18
%
Teradyne
Inc
17,346‌
2,445‌
Software
-
7
.97
%
Cloudflare
Inc
(c)
10,195‌
690‌
Fair
Isaac
Corp
(c)
1,752‌
2,260‌
HubSpot
Inc
(c)
1,658‌
1,013‌
Tyler
Technologies
Inc
(c)
4,490‌
2,157‌
$
6,120‌
Transportation
-
2
.80
%
Expeditors
International
of
Washington
Inc
17,790‌
2,151‌
Water
-
2
.15
%
Essential
Utilities
Inc
43,715‌
1,649‌
TOTAL
COMMON
STOCKS
$
74,956‌
Total
Investments
$
76,723‌
Other
Assets
and
Liabilities
-  0.13%
97‌
TOTAL
NET
ASSETS
-
100.00%
$
76,820‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
1-day
yield
shown
is
as
of
period
end.
(c)
Non-income
producing
security
Portfolio
Summary
Sector
Percent
Industrial
20
.75‌
%
Financial
19
.58‌
%
Consumer,
Non-cyclical
17
.84‌
%
Consumer,
Cyclical
13
.43‌
%
Technology
12
.54‌
%
Utilities
4
.77‌
%
Energy
4
.62‌
%
Basic
Materials
2
.42‌
%
Money
Market
Funds
2
.30‌
%
Communications
1
.62‌
%
Other
Assets
and
Liabilities
0
.13‌
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
Edge
MidCap
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
63
Affiliated
Securities
August
31,
2023
Purchases
Sales
May
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
$
1,805‌
$
13,064‌
$
13,102‌
$
1,767‌
$
1,805‌
$
13,064‌
$
13,102‌
$
1,767‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
$
60‌
$
—‌
$
—‌
$
—‌
$
60‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
64
INVESTMENT
COMPANIES
-
21.26%
Shares
Held
Value
(000's)
Closed-End
Funds
-
0.54%
Ares
Dynamic
Credit
Allocation
Fund
Inc
6,383‌
$
93‌
BlackRock
Floating
Rate
Income
Strategies
Fund
Inc
6,525‌
85‌
BlackRock
MuniYield
Quality
Fund
III
Inc
6,330‌
69‌
Blackstone
Senior
Floating
Rate
2027
Term
Fund
7,563‌
107‌
Blackstone
Strategic
Credit
2027
Term
Fund
9,388‌
111‌
First
Trust
Senior
Floating
Rate
Income
Fund
II
8,544‌
90‌
Franklin
Universal
Trust
13,711‌
95‌
Invesco
Municipal
Opportunity
Trust
18,794‌
184‌
Invesco
Value
Municipal
Income
Trust
7,753‌
92‌
Nuveen
AMT-Free
Municipal
Credit
Income
Fund
13,773‌
162‌
Nuveen
AMT-Free
Quality
Municipal
Income
Fund
31,356‌
341‌
Nuveen
Credit
Strategies
Income
Fund
33,083‌
184‌
Nuveen
Municipal
Credit
Income
Fund
24,515‌
292‌
Nuveen
Municipal
Value
Fund
Inc
19,634‌
166‌
Nuveen
Preferred
&
Income
Term
Fund
3,242‌
63‌
Saba
Capital
Income
&
Opportunities
Fund
10,973‌
80‌
$
2,214‌
Exchange-Traded
Funds
-
2.15%
Invesco
Optimum
Yield
Diversified
Commodity
Strategy
No
K-1
ETF
13,460‌
189‌
iShares
0-5
Year
TIPS
Bond
ETF
20,245‌
2,016‌
iShares
Broad
USD
High
Yield
Corporate
Bond
ETF
21,985‌
799‌
iShares
Core
MSCI
Emerging
Markets
ETF
3,675‌
193‌
iShares
Floating
Rate
Bond
ETF
42,075‌
2,152‌
iShares
MSCI
EAFE
Value
ETF
6,765‌
381‌
iShares
Russell
1000
Growth
ETF
42‌
14‌
iShares
Russell
2000
ETF
743‌
153‌
iShares
Russell
2000
Growth
ETF
2,776‌
732‌
iShares
Russell
2000
Value
ETF
475‌
74‌
iShares
Short
Treasury
Bond
ETF
19,440‌
2,148‌
$
8,851‌
Money
Market
Funds
-
18.57%
Morgan
Stanley
Institutional
Liquidity
Funds
-
Government
Portfolio
-
Institutional
Class
5.25%
(a),(b),(c)
4,879,856‌
4,880‌
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
(b),(d)
71,482,728‌
71,483‌
$
76,363‌
TOTAL
INVESTMENT
COMPANIES
$
87,428‌
COMMON
STOCKS
-
37.57%
Shares
Held
Value
(000's)
Advertising
-
0.10%
Interpublic
Group
of
Cos
Inc/The
(e)
2,504‌
$
79‌
National
CineMedia
Inc
(f)
8,999‌
50‌
Omnicom
Group
Inc
(e)
874‌
81‌
Publicis
Groupe
SA
1,172‌
132‌
Taboola.com
Ltd
(f)
15,484‌
62‌
Trade
Desk
Inc/The
(c),(f)
218‌
20‌
$
424‌
Aerospace
&
Defense
-
0.50%
Airbus
SE
257‌
44‌
General
Dynamics
Corp
(e)
1,150‌
345‌
General
Electric
Co
(e)
1,619‌
267‌
HEICO
Corp
-
Class
A
(c)
502‌
88‌
Howmet
Aerospace
Inc
(c),(e)
3,359‌
285‌
Lockheed
Martin
Corp
(c),(e)
1,145‌
538‌
Northrop
Grumman
Corp
187‌
84‌
RTX
Corp
(c)
1,183‌
128‌
Spirit
AeroSystems
Holdings
Inc
(f)
1,604‌
49‌
Thales
SA
556‌
101‌
TransDigm
Group
Inc
(e)
94‌
126‌
$
2,055‌
Agriculture
-
0.11%
Altria
Group
Inc
(e)
2,295‌
106‌
Archer-Daniels-Midland
Co
(e)
2,608‌
163‌
Imperial
Brands
PLC
1,891‌
47‌
Philip
Morris
International
Inc
(e)
1,150‌
117‌
$
433‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Airlines
-
0.18%
American
Airlines
Group
Inc
(e),(f)
5,158‌
$
59‌
ANA
Holdings
Inc
3,300‌
63‌
Delta
Air
Lines
Inc
(e)
10,555‌
538‌
Japan
Airlines
Co
Ltd
4,800‌
81‌
$
741‌
Apparel
-
0.36%
Carter's
Inc
612‌
42‌
Crocs
Inc
(f)
237‌
37‌
Deckers
Outdoor
Corp
(e),(f)
328‌
359‌
Gildan
Activewear
Inc
100‌
4‌
Hermes
International
SCA
4‌
9‌
Kontoor
Brands
Inc
880‌
64‌
NIKE
Inc
(c)
3,186‌
303‌
On
Holding
AG
(f)
1,941‌
83‌
Ralph
Lauren
Corp
(e)
1,225‌
229‌
Steven
Madden
Ltd
1,404‌
62‌
Tapestry
Inc
(e)
7,106‌
309‌
$
1,501‌
Automobile
Manufacturers
-
0.34%
Blue
Bird
Corp
(f)
1,795‌
102‌
Cummins
Inc
(e)
362‌
102‌
General
Motors
Co
(e)
8,891‌
400‌
Honda
Motor
Co
Ltd
15,100‌
171‌
Isuzu
Motors
Ltd
8,500‌
114‌
Mazda
Motor
Corp
7,300‌
77‌
PACCAR
Inc
(e)
375‌
40‌
REV
Group
Inc
2,481‌
68‌
Subaru
Corp
6,600‌
148‌
Volvo
AB
-
B
Shares
3,656‌
98‌
Volvo
Car
AB
(f)
25,983‌
88‌
Zapp
Electric
Vehicles
Group
Ltd
-
Warrants
(f)
1,167‌
—‌
$
1,408‌
Automobile
Parts
&
Equipment
-
0.16%
BorgWarner
Inc
(e)
5,281‌
188‌
Cie
Generale
des
Etablissements
Michelin
SCA
4,129‌
167‌
Dana
Inc
2,124‌
30‌
Gentex
Corp
3,296‌
115‌
Goodyear
Tire
&
Rubber
Co/The
(f)
4,901‌
60‌
Phinia
Inc
1,172‌
53‌
Visteon
Corp
(f)
230‌
26‌
$
639‌
Banks
-
0.98%
Banco
Bilbao
Vizcaya
Argentaria
SA
329‌
4‌
Bank
of
America
Corp
(c),(e)
4,916‌
196‌
Bank
OZK
1,228‌
51‌
Banner
Corp
844‌
40‌
BOC
Hong
Kong
Holdings
Ltd
74,500‌
234‌
Cadence
Bank
3,633‌
104‌
CaixaBank
SA
2,554‌
15‌
Citigroup
Inc
(c),(e)
4,577‌
285‌
Citizens
Financial
Group
Inc
250‌
9‌
Columbia
Banking
System
Inc
2,222‌
43‌
Comerica
Inc
68‌
4‌
Commerzbank
AG
6,505‌
110‌
Computershare
Ltd
2,222‌
39‌
DBS
Group
Holdings
Ltd
5,940‌
158‌
Fifth
Third
Bancorp
(c)
968‌
37‌
FinecoBank
Banca
Fineco
SpA
4,252‌
69‌
First
Hawaiian
Inc
2,397‌
49‌
First
Interstate
BancSystem
Inc
1,823‌
48‌
FNB
Corp/PA
3,540‌
49‌
Goldman
Sachs
Group
Inc/The
(c),(e)
695‌
317‌
Hang
Seng
Bank
Ltd
4,800‌
67‌
Heartland
Financial
USA
Inc
269‌
12‌
Home
BancShares
Inc/AR
2,373‌
56‌
Huntington
Bancshares
Inc/OH
(c)
3,886‌
54‌
Independent
Bank
Group
Inc
1,266‌
58‌
Japan
Post
Bank
Co
Ltd
2,800‌
28‌
JPMorgan
Chase
&
Co
(c),(e)
2,730‌
553‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
65
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Banks
(continued)
M&T
Bank
Corp
712‌
$
108‌
Mizuho
Financial
Group
Inc
7,300‌
150‌
Morgan
Stanley
(c)
3,311‌
324‌
Northern
Trust
Corp
88‌
7‌
OFG
Bancorp
1,072‌
40‌
Old
National
Bancorp/IN
3,128‌
53‌
Oversea-Chinese
Banking
Corp
Ltd
5,500‌
59‌
PNC
Financial
Services
Group
Inc/The
(e)
178‌
28‌
Sandy
Spring
Bancorp
Inc
2,109‌
49‌
Shizuoka
Financial
Group
Inc
6,600‌
68‌
Skandinaviska
Enskilda
Banken
AB
9,034‌
129‌
Stellar
Bancorp
Inc
1,641‌
37‌
Sumitomo
Mitsui
Financial
Group
Inc
1,400‌
92‌
Truist
Financial
Corp
555‌
21‌
UniCredit
SpA
159‌
6‌
United
Community
Banks
Inc/GA
1,459‌
37‌
US
Bancorp
(e)
668‌
27‌
Veritex
Holdings
Inc
1,784‌
36‌
Wells
Fargo
&
Co
(e)
1,495‌
90‌
$
4,050‌
Beverages
-
0.37%
Coca-Cola
Co/The
(e)
6,786‌
427‌
Coca-Cola
HBC
AG
(f)
10,287‌
349‌
Constellation
Brands
Inc
(e)
725‌
182‌
Keurig
Dr
Pepper
Inc
(e)
7,716‌
264‌
Kirin
Holdings
Co
Ltd
1,100‌
15‌
Molson
Coors
Beverage
Co
(c),(e)
1,478‌
81‌
PepsiCo
Inc
1,136‌
196‌
$
1,514‌
Biotechnology
-
0.92%
4D
Molecular
Therapeutics
Inc
(f)
93‌
2‌
89bio
Inc
(f)
191‌
2‌
ACADIA
Pharmaceuticals
Inc
(f)
257‌
4‌
Akero
Therapeutics
Inc
(f)
155‌
3‌
Akouos
Inc
-
Contingent
Value
Rights
(f),(g)
4,410‌
3‌
Alnylam
Pharmaceuticals
Inc
(c),(f)
411‌
61‌
ALX
Oncology
Holdings
Inc
(f)
86‌
1‌
Amicus
Therapeutics
Inc
(f)
755‌
7‌
Apogee
Therapeutics
Inc
(f)
357‌
16‌
Arcellx
Inc
(f)
72‌
4‌
Arcturus
Therapeutics
Holdings
Inc
(f)
406‌
16‌
Arcutis
Biotherapeutics
Inc
(f)
199‌
2‌
Ardelyx
Inc
(f)
485‌
3‌
Argenx
SE
(f)
242‌
90‌
Arrowhead
Pharmaceuticals
Inc
(f)
244‌
6‌
Avidity
Biosciences
Inc
(f)
410‌
11‌
Axsome
Therapeutics
Inc
(f)
82‌
6‌
Beam
Therapeutics
Inc
(f)
172‌
4‌
Biogen
Inc
(e),(f)
914‌
206‌
Biohaven
Ltd
(f)
139‌
5‌
BioMarin
Pharmaceutical
Inc
(f)
3,400‌
255‌
Biomea
Fusion
Inc
(f)
70‌
1‌
Blueprint
Medicines
Corp
(f)
404‌
43‌
Cabaletta
Bio
Inc
(f)
114‌
1‌
Celldex
Therapeutics
Inc
(f)
683‌
23‌
Cerevel
Therapeutics
Holdings
Inc
(f)
10,479‌
427‌
CG
oncology
Inc
(f)
55‌
2‌
Corteva
Inc
(e)
5,961‌
333‌
Crinetics
Pharmaceuticals
Inc
(f)
537‌
24‌
Cytokinetics
Inc
(f)
524‌
25‌
Day
One
Biopharmaceuticals
Inc
(f)
184‌
2‌
Denali
Therapeutics
Inc
(f)
273‌
5‌
Disc
Medicine
Inc
(f)
57‌
2‌
Dyne
Therapeutics
Inc
(f)
130‌
4‌
Entrada
Therapeutics
Inc
(f)
48‌
1‌
Fate
Therapeutics
Inc
(f)
297‌
1‌
Genmab
A/S
(f)
656‌
185‌
Geron
Corp
(f)
4,022‌
14‌
Gilead
Sciences
Inc
(c),(e)
5,938‌
382‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Biotechnology
(continued)
Halozyme
Therapeutics
Inc
(f)
1,461‌
$
65‌
Illumina
Inc
(c),(f)
251‌
26‌
Immunocore
Holdings
PLC
ADR
(f)
186‌
9‌
Immunovant
Inc
(f)
147‌
4‌
Incyte
Corp
(c),(e),(f)
1,448‌
84‌
Inhibrx
Biosciences
Inc
(f)
1,101‌
18‌
Inhibrx
Inc
-
Contingent
Value
Rights
(f),(g)
4,407‌
3‌
Innoviva
Inc
(f)
281‌
4‌
Insmed
Inc
(f)
158‌
9‌
Intellia
Therapeutics
Inc
(f)
528‌
11‌
Intra-Cellular
Therapies
Inc
(f)
525‌
35‌
Iovance
Biotherapeutics
Inc
(f)
472‌
4‌
Krystal
Biotech
Inc
(f)
44‌
7‌
Kymera
Therapeutics
Inc
(f)
128‌
4‌
Ligand
Pharmaceuticals
Inc
(f)
58‌
5‌
Nkarta
Inc
(f)
156‌
1‌
Nurix
Therapeutics
Inc
(f)
615‌
10‌
Nuvalent
Inc
(f)
75‌
5‌
Olema
Pharmaceuticals
Inc
(f)
135‌
1‌
Olink
Holding
AB
ADR
(f)
39,875‌
955‌
Phathom
Pharmaceuticals
Inc
(f)
139‌
1‌
Prime
Medicine
Inc
(f)
149‌
1‌
Prothena
Corp
PLC
(f)
370‌
8‌
PTC
Therapeutics
Inc
(f)
552‌
20‌
REGENXBIO
Inc
(f)
130‌
2‌
Relay
Therapeutics
Inc
(f)
287‌
2‌
Replimune
Group
Inc
(f)
236‌
1‌
REVOLUTION
Medicines
Inc
(f)
1,105‌
42‌
Rocket
Pharmaceuticals
Inc
(f)
1,217‌
26‌
Sage
Therapeutics
Inc
(f)
158‌
2‌
Sana
Biotechnology
Inc
(f)
217‌
2‌
Savara
Inc
(f)
528‌
2‌
SpringWorks
Therapeutics
Inc
(f)
132‌
5‌
Structure
Therapeutics
Inc
ADR
(f)
178‌
6‌
Syndax
Pharmaceuticals
Inc
(f)
867‌
17‌
Tarsus
Pharmaceuticals
Inc
(f)
73‌
2‌
Terns
Pharmaceuticals
Inc
(f)
132‌
1‌
Tevogen
Bio
Holdings
Inc
-
Warrants
(f)
597‌
—‌
TG
Therapeutics
Inc
(f)
259‌
4‌
Theravance
Biopharma
Inc
(f)
349‌
3‌
Travere
Therapeutics
Inc
(f)
290‌
2‌
Tyra
Biosciences
Inc
(f)
51‌
1‌
United
Therapeutics
Corp
(f)
244‌
67‌
UroGen
Pharma
Ltd
(f)
99‌
1‌
Vericel
Corp
(f)
119‌
6‌
Vertex
Pharmaceuticals
Inc
(f)
183‌
83‌
Verve
Therapeutics
Inc
(f)
199‌
1‌
Viking
Therapeutics
Inc
(f)
159‌
10‌
Viridian
Therapeutics
Inc
(f)
218‌
3‌
WaVe
Life
Sciences
Ltd
(f)
240‌
1‌
Xencor
Inc
(f)
195‌
5‌
Zentalis
Pharmaceuticals
Inc
(f)
96‌
1‌
Zymeworks
Inc
(f)
200‌
2‌
$
3,772‌
Building
Materials
-
1.00%
AGC
Inc
600‌
21‌
AZEK
Co
Inc/The
(f)
1,470‌
71‌
Builders
FirstSource
Inc
(e),(f)
2,048‌
329‌
Carrier
Global
Corp
(c)
36,378‌
2,298‌
Cemex
SAB
de
CV
ADR
(f)
34,259‌
258‌
CRH
PLC
766‌
61‌
Heidelberg
Materials
AG
273‌
29‌
James
Hardie
Industries
PLC
(f)
3,957‌
123‌
Martin
Marietta
Materials
Inc
(e)
203‌
116‌
Masco
Corp
(e)
3,897‌
273‌
Mohawk
Industries
Inc
(e),(f)
1,094‌
133‌
Trane
Technologies
PLC
(c)
965‌
316‌
Vulcan
Materials
Co
(c)
328‌
84‌
$
4,112‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
66
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Chemicals
-
0.63%
Air
Liquide
SA
32‌
$
6‌
Arcadium
Lithium
PLC
(f)
4,413‌
20‌
Cabot
Corp
701‌
72‌
Celanese
Corp
(e)
1,763‌
268‌
DuPont
de
Nemours
Inc
(e)
8,709‌
716‌
Ecolab
Inc
(c),(e)
1,184‌
275‌
FMC
Corp
985‌
60‌
Linde
PLC
1,152‌
501‌
LyondellBasell
Industries
NV
490‌
49‌
Mativ
Holdings
Inc
3,019‌
54‌
Minerals
Technologies
Inc
902‌
78‌
PPG
Industries
Inc
664‌
87‌
Sensient
Technologies
Corp
845‌
66‌
Sherwin-Williams
Co/The
(c),(e)
845‌
257‌
Shin-Etsu
Chemical
Co
Ltd
2,200‌
82‌
$
2,591‌
Commercial
Services
-
1.23%
Adtalem
Global
Education
Inc
(f)
929‌
60‌
Altaba
Inc
-
Escrow
(f)
837,142‌
1,892‌
Automatic
Data
Processing
Inc
(e)
1,272‌
312‌
Block
Inc
(c),(f)
1,722‌
110‌
Bureau
Veritas
SA
1,841‌
55‌
Cintas
Corp
(c),(e)
306‌
207‌
CoreCivic
Inc
(f)
3,284‌
53‌
Corpay
Inc
(e),(f)
886‌
237‌
CoStar
Group
Inc
(f)
987‌
77‌
European
Wax
Center
Inc
(f)
1,739‌
20‌
Experian
PLC
1,286‌
60‌
H&R
Block
Inc
1,943‌
97‌
Laureate
Education
Inc
4,354‌
68‌
Loomis
AB
1,605‌
45‌
Moody's
Corp
(e)
321‌
127‌
Nuvei
Corp
11,092‌
357‌
PayPal
Holdings
Inc
(e),(f)
5,558‌
350‌
PROG
Holdings
Inc
1,346‌
51‌
Progyny
Inc
(f)
1,464‌
40‌
Quanta
Services
Inc
(e)
147‌
41‌
Remitly
Global
Inc
(f)
3,640‌
47‌
S&P
Global
Inc
(e)
466‌
199‌
Shift4
Payments
Inc
(f)
718‌
48‌
TriNet
Group
Inc
463‌
48‌
United
Rentals
Inc
(c),(e)
634‌
424‌
Wise
PLC
(f)
4,766‌
50‌
$
5,075‌
Computers
-
1.33%
Accenture
PLC
-
Class
A
1,501‌
423‌
Apple
Inc
(c),(e)
14,662‌
2,818‌
Cognizant
Technology
Solutions
Corp
194‌
13‌
Crowdstrike
Holdings
Inc
(f)
180‌
56‌
CyberArk
Software
Ltd
(f)
246‌
56‌
Dell
Technologies
Inc
419‌
59‌
EPAM
Systems
Inc
(f)
29‌
5‌
ExlService
Holdings
Inc
(f)
1,911‌
57‌
Fortinet
Inc
(c),(f)
421‌
25‌
Hewlett
Packard
Enterprise
Co
(e)
37‌
1‌
HP
Inc
(e)
6,231‌
227‌
International
Business
Machines
Corp
(e)
1,215‌
203‌
Leidos
Holdings
Inc
(e)
2,768‌
407‌
Maximus
Inc
200‌
17‌
NCR
Voyix
Corp
(f)
4,286‌
57‌
NEC
Corp
200‌
15‌
NetApp
Inc
(c),(e)
4,238‌
511‌
Pure
Storage
Inc
(f)
700‌
42‌
SCSK
Corp
5,300‌
101‌
Seagate
Technology
Holdings
PLC
(c)
782‌
73‌
Super
Micro
Computer
Inc
(e),(f)
253‌
199‌
Teleperformance
SE
427‌
49‌
Zscaler
Inc
(c),(f)
306‌
52‌
$
5,466‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Consumer
Products
-
0.12%
Avery
Dennison
Corp
(e)
573‌
$
130‌
Church
&
Dwight
Co
Inc
(c)
353‌
38‌
Clorox
Co/The
(c)
453‌
60‌
Helen
of
Troy
Ltd
(f)
433‌
46‌
Kimberly-Clark
Corp
(e)
1,641‌
219‌
$
493‌
Cosmetics
&
Personal
Care
-
0.33%
Colgate-Palmolive
Co
(e)
1,868‌
174‌
Edgewell
Personal
Care
Co
1,130‌
43‌
elf
Beauty
Inc
(f)
928‌
173‌
Kenvue
Inc
(e)
13,203‌
255‌
Procter
&
Gamble
Co/The
(e)
3,184‌
524‌
Unicharm
Corp
3,000‌
97‌
Unilever
PLC
2,042‌
112‌
$
1,378‌
Distribution
&
Wholesale
-
0.28%
Copart
Inc
(f)
1,366‌
73‌
Fastenal
Co
(c)
5,955‌
393‌
IMCD
NV
73‌
11‌
LKQ
Corp
(e)
3,816‌
164‌
MRC
Global
Inc
(f)
6,945‌
92‌
Rush
Enterprises
Inc
-
Class
A
835‌
38‌
Seven
Group
Holdings
Ltd
542‌
14‌
Toyota
Tsusho
Corp
400‌
24‌
WW
Grainger
Inc
(c),(e)
384‌
354‌
$
1,163‌
Diversified
Financial
Services
-
1.09%
4L
Technologies
(f),(g)
24,306‌
—‌
abrdn
plc
2,442‌
5‌
AerCap
Holdings
NV
966‌
90‌
Air
Lease
Corp
1,221‌
58‌
Ally
Financial
Inc
(c)
546‌
21‌
American
Express
Co
(c),(e)
2,262‌
543‌
Ameriprise
Financial
Inc
41‌
18‌
Apollo
Global
Management
Inc
(c)
33‌
4‌
BlackRock
Inc
(e)
174‌
134‌
Bread
Financial
Holdings
Inc
1,710‌
71‌
Capital
One
Financial
Corp
(c)
1,676‌
230‌
Cboe
Global
Markets
Inc
723‌
125‌
Charles
Schwab
Corp/The
(c),(e)
3,110‌
228‌
CME
Group
Inc
(e)
745‌
151‌
Discover
Financial
Services
2,001‌
246‌
Element
Comm
Aviation
(f),(g),(h)
280‌
—‌
Enova
International
Inc
(f)
1,000‌
62‌
Federal
Agricultural
Mortgage
Corp
290‌
51‌
Franklin
Resources
Inc
(c),(e)
8,847‌
209‌
IGM
Financial
Inc
3,700‌
99‌
Intercontinental
Exchange
Inc
(e)
1,442‌
193‌
Invesco
Ltd
179‌
3‌
Mastercard
Inc
(e)
660‌
294‌
Navient
Corp
3,200‌
48‌
ORIX
Corp
4,400‌
96‌
PJT
Partners
Inc
467‌
50‌
Radian
Group
Inc
2,107‌
66‌
Raymond
James
Financial
Inc
1,170‌
144‌
St
James's
Place
PLC
10,903‌
70‌
Synchrony
Financial
(c)
2,021‌
88‌
T
Rowe
Price
Group
Inc
(c),(e)
1,067‌
126‌
TMX
Group
Ltd
1,400‌
38‌
TPG
Inc
1,431‌
60‌
Tradeweb
Markets
Inc
(c)
1,841‌
200‌
Visa
Inc
(e)
2,022‌
551‌
Voya
Financial
Inc
1,222‌
93‌
$
4,465‌
Electric
-
0.65%
AES
Corp/The
(c)
5,323‌
115‌
Ameresco
Inc
(f)
688‌
25‌
Atlantica
Sustainable
Infrastructure
PLC
9,482‌
209‌
Brookfield
Renewable
Corp
5,900‌
186‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
67
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Electric
(continued)
Chubu
Electric
Power
Co
Inc
13,900‌
$
192‌
Constellation
Energy
Corp
(c),(e)
1,060‌
230‌
Duke
Energy
Corp
(e)
2,124‌
220‌
Edison
International
1,467‌
113‌
Eversource
Energy
(c)
1,296‌
77‌
Exelon
Corp
(c)
6,433‌
242‌
Iberdrola
SA
7,899‌
104‌
NextEra
Energy
Inc
(c)
54‌
4‌
Northland
Power
Inc
4,400‌
75‌
NRG
Energy
Inc
(e)
8,074‌
654‌
PG&E
Corp
827‌
15‌
Portland
General
Electric
Co
1,284‌
57‌
Public
Service
Enterprise
Group
Inc
(e)
1,272‌
97‌
Xcel
Energy
Inc
(c)
741‌
41‌
$
2,656‌
Electrical
Components
&
Equipment
-
0.41%
Acuity
Brands
Inc
108‌
28‌
AMETEK
Inc
(e)
485‌
82‌
Eaton
Corp
PLC
(c)
1,208‌
402‌
Emerson
Electric
Co
714‌
80‌
Encore
Wire
Corp
2,886‌
833‌
Energizer
Holdings
Inc
1,423‌
41‌
Generac
Holdings
Inc
(e),(f)
1,096‌
162‌
Novanta
Inc
(f)
346‌
56‌
Zeo
Energy
Corp
-
Warrants
(f)
524‌
—‌
$
1,684‌
Electronics
-
0.50%
ABB
Ltd
2,102‌
116‌
Amphenol
Corp
(e)
2,543‌
337‌
Brady
Corp
1,056‌
72‌
Flex
Ltd
(f)
2,359‌
78‌
Garmin
Ltd
811‌
133‌
Honeywell
International
Inc
(e)
1,238‌
250‌
Hoya
Corp
1,700‌
207‌
Jabil
Inc
(e)
1,546‌
184‌
Keysight
Technologies
Inc
(e),(f)
1,936‌
268‌
Mettler-Toledo
International
Inc
(e),(f)
133‌
187‌
Napco
Security
Technologies
Inc
1,563‌
78‌
NEXTracker
Inc
(f)
553‌
30‌
Shimadzu
Corp
600‌
15‌
TDK
Corp
100‌
5‌
TTM
Technologies
Inc
(f)
3,640‌
68‌
Yokogawa
Electric
Corp
700‌
18‌
$
2,046‌
Energy
-
Alternate
Sources
-
0.03%
Enphase
Energy
Inc
(f)
688‌
88‌
First
Solar
Inc
(f)
110‌
30‌
Shoals
Technologies
Group
Inc
(f)
2,231‌
17‌
$
135‌
Engineering
&
Construction
-
0.30%
Acciona
SA
960‌
123‌
AECOM
(c)
5,247‌
458‌
Bouygues
SA
714‌
28‌
Fluor
Corp
(f)
1,554‌
67‌
Jacobs
Solutions
Inc
(e)
1,608‌
224‌
Vinci
SA
934‌
117‌
WSP
Global
Inc
1,400‌
211‌
$
1,228‌
Entertainment
-
0.14%
Caesars
Entertainment
Inc
(c),(e),(f)
5,412‌
192‌
DraftKings
Inc
(f)
2,373‌
83‌
Genting
Singapore
Ltd
3,300‌
2‌
Live
Nation
Entertainment
Inc
(f)
1,479‌
139‌
Monarch
Casino
&
Resort
Inc
745‌
50‌
Universal
Music
Group
NV
4,027‌
126‌
$
592‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Environmental
Control
-
0.20%
Casella
Waste
Systems
Inc
(f)
473‌
$
48‌
Pentair
PLC
1,066‌
87‌
Republic
Services
Inc
(c),(e)
915‌
169‌
Veralto
Corp
(e)
2,944‌
290‌
Waste
Connections
Inc
(c)
1,329‌
218‌
$
812‌
Food
-
0.59%
Albertsons
Cos
Inc
25,010‌
516‌
Campbell
Soup
Co
(e)
2,369‌
105‌
Conagra
Brands
Inc
(c),(e)
7,786‌
233‌
General
Mills
Inc
(e)
2,346‌
161‌
George
Weston
Ltd
700‌
99‌
Hormel
Foods
Corp
(e)
4,507‌
140‌
Jeronimo
Martins
SGPS
SA
1,246‌
28‌
Kellanova
(e)
3,289‌
198‌
Kraft
Heinz
Co/The
(e)
6,330‌
224‌
Kroger
Co/The
(e)
1,410‌
74‌
Mondelez
International
Inc
(c),(e)
4,597‌
315‌
Sysco
Corp
(e)
1,705‌
124‌
Tesco
PLC
14,216‌
57‌
Tyson
Foods
Inc
2,252‌
129‌
Yakult
Honsha
Co
Ltd
1,700‌
31‌
$
2,434‌
Food
Service
-
0.00%
Compass
Group
PLC
452‌
13‌
Forest
Products
&
Paper
-
0.06%
International
Paper
Co
(e)
4,347‌
196‌
Smurfit
Kappa
Group
PLC
678‌
33‌
$
229‌
Gas
-
0.04%
New
Jersey
Resources
Corp
1,339‌
58‌
Osaka
Gas
Co
Ltd
100‌
2‌
Spire
Inc
862‌
53‌
UGI
Corp
2,025‌
52‌
$
165‌
Hand
&
Machine
Tools
-
0.23%
Kennametal
Inc
1,919‌
49‌
Makita
Corp
7,600‌
224‌
Schindler
Holding
AG
-
PC
1,013‌
264‌
Snap-on
Inc
(e)
724‌
198‌
Stanley
Black
&
Decker
Inc
(e)
1,379‌
120‌
Techtronic
Industries
Co
Ltd
7,053‌
87‌
$
942‌
Healthcare
-
Products
-
2.06%
Abbott
Laboratories
198‌
20‌
ABIOMED
Inc
-
Contingent
Value
Rights
(f),(g)
692‌
1‌
Agilent
Technologies
Inc
785‌
102‌
Align
Technology
Inc
(f)
236‌
61‌
Allurion
Technologies
Inc
-
Warrants
(f)
931‌
—‌
Artivion
Inc
(f)
2,875‌
68‌
Axonics
Inc
(c),(f)
25,208‌
1,691‌
Baxter
International
Inc
(e)
13,004‌
443‌
Danaher
Corp
(e)
1,301‌
334‌
DiaSorin
SpA
158‌
17‌
Exact
Sciences
Corp
(c),(f)
1,429‌
65‌
GE
HealthCare
Technologies
Inc
(e)
1,896‌
148‌
Getinge
AB
1,979‌
35‌
Glaukos
Corp
(f)
220‌
25‌
Globus
Medical
Inc
(f)
813‌
55‌
Hologic
Inc
(e),(f)
3,165‌
233‌
Inari
Medical
Inc
(f)
501‌
25‌
Inspire
Medical
Systems
Inc
(f)
224‌
36‌
Insulet
Corp
(c),(f)
963‌
171‌
Integra
LifeSciences
Holdings
Corp
(f)
1,664‌
51‌
Intuitive
Surgical
Inc
(f)
232‌
93‌
Koninklijke
Philips
NV
(f)
2,464‌
67‌
Medtronic
PLC
5,796‌
472‌
Natera
Inc
(f)
310‌
33‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
68
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Healthcare
-
Products
(continued)
Omnicell
Inc
(f)
1,503‌
$
49‌
PROCEPT
BioRobotics
Corp
(f)
1,441‌
96‌
Psyence
Biomedical
Ltd
-
Warrants
(f)
974‌
—‌
ResMed
Inc
(c),(e)
2,034‌
420‌
Shockwave
Medical
Inc
(f)
7,361‌
2,464‌
SI-BONE
Inc
(f)
2,176‌
31‌
Solventum
Corp
(e),(f)
5,768‌
342‌
Stryker
Corp
(c)
1,014‌
346‌
Teleflex
Inc
(e)
632‌
132‌
Thermo
Fisher
Scientific
Inc
(e)
284‌
161‌
TransMedics
Group
Inc
(f)
239‌
33‌
Zimmer
Biomet
Holdings
Inc
(e)
1,250‌
144‌
$
8,464‌
Healthcare
-
Services
-
0.97%
Acadia
Healthcare
Co
Inc
(f)
485‌
34‌
Amedisys
Inc
(f)
5,658‌
516‌
Catalent
Inc
(c),(f)
22,585‌
1,215‌
Centene
Corp
(e),(f)
2,542‌
182‌
DaVita
Inc
(e),(f)
892‌
131‌
Elevance
Health
Inc
(e)
313‌
168‌
Encompass
Health
Corp
595‌
51‌
Fresenius
Medical
Care
AG
943‌
40‌
HCA
Healthcare
Inc
(c),(e)
1,007‌
342‌
Humana
Inc
235‌
84‌
IQVIA
Holdings
Inc
(e),(f)
854‌
187‌
Lonza
Group
AG
69‌
38‌
Molina
Healthcare
Inc
(c),(e),(f)
790‌
249‌
Quest
Diagnostics
Inc
791‌
112‌
UnitedHealth
Group
Inc
(c),(e)
1,185‌
587‌
Universal
Health
Services
Inc
(c)
335‌
64‌
$
4,000‌
Holding
Companies
-
Diversified
-
0.46%
Achari
Ventures
Holdings
Corp
I
-
Warrants
(f)
3,610‌
—‌
Acropolis
Infrastructure
Acquisition
Corp
-
Escrow
(f),(g)
5,690‌
—‌
Aimfinity
Investment
Corp
I
(f)
2,172‌
24‌
Alchemy
Investments
Acquisition
Corp
1
(f)
6,215‌
66‌
Alchemy
Investments
Acquisition
Corp
1
-
Warrants
(f)
3,107‌
1‌
Alpha
Star
Acquisition
Corp
(f)
3,929‌
45‌
AltEnergy
Acquisition
Corp
-
Warrants
(f)
449‌
—‌
Amprius
Technologies
Inc
-
Warrants
(f)
3,707‌
1‌
AP
Acquisition
Corp
(f)
4,013‌
46‌
Ares
Acquisition
Corp
II
-
Warrants
(f)
5,632‌
1‌
Arogo
Capital
Acquisition
Corp
-
Warrants
(f)
4,211‌
—‌
Blue
World
Acquisition
Corp
(f)
2,366‌
26‌
Bowen
Acquisition
Corp
(f)
3,937‌
42‌
Bukit
Jalil
Global
Acquisition
1
Ltd
-
Rights
(f)
2,239‌
—‌
Bukit
Jalil
Global
Acquisition
1
Ltd
(f)
4,644‌
50‌
Bukit
Jalil
Global
Acquisition
1
Ltd
-
Warrants
(f)
1,119‌
—‌
byNordic
Acquisition
Corp
(f)
2,944‌
33‌
CARTESIAN
GROWTH
CORP
II
-
Warrants
(f)
781‌
—‌
Cartica
Acquisition
Corp
(f)
2,187‌
24‌
CERo
Therapeutics
Holdings
Inc
-
Warrants
(f)
449‌
—‌
Cetus
Capital
Acquisition
Corp
-
Warrants
(f)
8,878‌
—‌
Clean
Energy
Special
Situations
Corp
(f)
9,680‌
115‌
Colombier
Acquisition
Corp
II
(f)
3,643‌
38‌
Direct
Selling
Acquisition
Corp
(f)
3,078‌
34‌
ESH
Acquisition
Corp
-
Rights
(f)
5,825‌
1‌
EVe
Mobility
Acquisition
Corp
(f)
6,459‌
71‌
EVe
Mobility
Acquisition
Corp
-
Warrants
(f)
1,847‌
—‌
Evergreen
Corp
-
Warrants
(f)
4,211‌
—‌
Feutune
Light
Acquisition
Corp
(f)
1,478‌
16‌
FTAC
Emerald
Acquisition
Corp
-
Warrants
(f)
2,173‌
—‌
Global
Blockchain
Acquisition
Corp
-
Warrants
(f)
10,160‌
—‌
Golden
Star
Acquisition
Corp
-
Rights
(f)
3,462‌
1‌
Haymaker
Acquisition
Corp
4
(f)
4,740‌
50‌
Haymaker
Acquisition
Corp
4
-
Warrants
(f)
2,370‌
1‌
Inflection
Point
Acquisition
Corp
II
-
Warrants
(f)
2,571‌
—‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Holding
Companies
-
Diversified
(continued)
International
Media
Acquisition
Corp
-
Warrants
(f)
2,300‌
$
—‌
Investcorp
India
Acquisition
Corp
(f)
5,248‌
59‌
Iron
Horse
Acquisitions
Corp
-
Rights
(f)
4,699‌
1‌
Iron
Horse
Acquisitions
Corp
(f)
4,699‌
47‌
Iron
Horse
Acquisitions
Corp
-
Warrants
(f)
4,699‌
—‌
Jaws
Mustang
Acquisition
Corp
-
Warrants
(f)
4,137‌
1‌
Keen
Vision
Acquisition
Corp
(f)
10,678‌
113‌
Keen
Vision
Acquisition
Corp
-
Warrants
(f)
10,678‌
1‌
Learn
CW
Investment
Corp
(f)
11,824‌
129‌
Nabors
Energy
Transition
Corp
II
-
Warrants
(f)
3,623‌
1‌
New
Horizon
Aircraft
Ltd
-
Warrants
(f)
14,777‌
1‌
Oak
Woods
Acquisition
Corp
(f)
4,220‌
46‌
Oak
Woods
Acquisition
Corp
-
Warrants
(f)
10,768‌
—‌
Papaya
Growth
Opportunity
Corp
I
-
Warrants
(f)
1,648‌
—‌
Perception
Capital
Corp
III
(f)
1,361‌
15‌
Pershing
Square
Tontine
Holdings
Ltd
(f),(g)
977‌
—‌
Pershing
Square
Tontine
Holdings
Ltd
-
Escrow
(f),(g)
3,910‌
—‌
Plum
Acquisition
Corp
I
(f)
2,911‌
32‌
Plum
Acquisition
Corp
I
-
Warrants
(f)
1,370‌
—‌
Plutonian
Acquisition
Corp
(f)
4,003‌
27‌
Pyrophyte
Acquisition
Corp
-
Warrants
(f)
600‌
—‌
Rigel
Resource
Acquisition
Corp
(f)
33,847‌
382‌
Slam
Corp
-
Warrants
(f)
6,312‌
1‌
Spark
I
Acquisition
Corp
(f)
8,467‌
88‌
Spark
I
Acquisition
Corp
-
Warrants
(f)
4,233‌
1‌
Spring
Valley
Acquisition
Corp
II
-
Rights
(f)
1,102‌
—‌
Spring
Valley
Acquisition
Corp
II
-
Warrants
(f)
551‌
—‌
Target
Global
Acquisition
I
Corp
-
Warrants
(f)
1,309‌
—‌
TenX
Keane
Acquisition
(f)
3,330‌
38‌
TLGY
Acquisition
Corp
(f)
3,517‌
40‌
TMT
Acquisition
Corp
(f)
5,334‌
58‌
TMT
Acquisition
Corp
-
Rights
(f)
3,938‌
1‌
Tristar
Acquisition
I
Corp
(f)
5,592‌
62‌
Twelve
Seas
Investment
Co
II
(f)
4,742‌
53‌
Volato
Group
Inc
-
Warrants
(f)
1,728‌
—‌
$
1,883‌
Home
Builders
-
0.12%
DR
Horton
Inc
(c),(e)
489‌
72‌
Lennar
Corp
-
A
Shares
(c)
904‌
145‌
PulteGroup
Inc
(c),(e)
1,149‌
135‌
Skyline
Champion
Corp
(f)
1,820‌
127‌
$
479‌
Home
Furnishings
-
0.05%
MillerKnoll
Inc
1,921‌
53‌
Rational
AG
10‌
8‌
Vizio
Holding
Corp
(f)
10,771‌
116‌
Xperi
Inc
(f)
4,309‌
38‌
$
215‌
Insurance
-
1.05%
AIA
Group
Ltd
400‌
3‌
Allstate
Corp/The
733‌
123‌
American
International
Group
Inc
(e)
1,460‌
115‌
Aon
PLC
498‌
140‌
Berkshire
Hathaway
Inc
-
Class
B
(e),(f)
1,270‌
526‌
Brown
&
Brown
Inc
(e)
1,856‌
166‌
Chubb
Ltd
1,671‌
452‌
Cincinnati
Financial
Corp
(c)
813‌
96‌
Equitable
Holdings
Inc
988‌
41‌
Everest
Group
Ltd
(c)
451‌
176‌
Globe
Life
Inc
790‌
66‌
Hartford
Financial
Services
Group
Inc/The
(e)
1,159‌
120‌
Kemper
Corp
828‌
50‌
Lancashire
Holdings
Ltd
6,326‌
51‌
Loews
Corp
(e)
2,087‌
160‌
Marsh
&
McLennan
Cos
Inc
1,060‌
220‌
MetLife
Inc
(e)
1,981‌
143‌
MS&AD
Insurance
Group
Holdings
Inc
9,600‌
200‌
National
Western
Life
Group
Inc
765‌
375‌
NMI
Holdings
Inc
(f)
1,623‌
54‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
69
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Insurance
(continued)
ProAssurance
Corp
(f)
3,368‌
$
49‌
Progressive
Corp/The
(c),(e)
487‌
103‌
Prudential
Financial
Inc
(e)
1,806‌
217‌
SiriusPoint
Ltd
(f)
4,431‌
58‌
Sompo
Holdings
Inc
1,800‌
38‌
Travelers
Cos
Inc/The
(e)
352‌
76‌
Tryg
A/S
1,081‌
22‌
W
R
Berkley
Corp
(e)
1,367‌
111‌
Willis
Towers
Watson
PLC
665‌
170‌
Zurich
Insurance
Group
AG
348‌
183‌
$
4,304‌
Internet
-
2.28%
Alphabet
Inc
-
A
Shares
(c),(e)
11,613‌
2,003‌
Alphabet
Inc
-
C
Shares
683‌
119‌
Amazon.com
Inc
(c),(e),(f)
11,112‌
1,960‌
Booking
Holdings
Inc
(c),(e)
60‌
226‌
CDW
Corp/DE
(e)
320‌
72‌
Criteo
SA
ADR
(f)
1,150‌
45‌
eBay
Inc
(e)
3,661‌
198‌
Etsy
Inc
(f)
14,400‌
914‌
Eventbrite
Inc
(f)
5,161‌
26‌
Expedia
Group
Inc
(e),(f)
469‌
53‌
F5
Inc
(c),(e),(f)
1,323‌
224‌
Gen
Digital
Inc
(e)
13,975‌
347‌
Hims
&
Hers
Health
Inc
(f)
5,575‌
108‌
M3
Inc
3,500‌
34‌
Magnite
Inc
(f)
6,250‌
77‌
Match
Group
Inc
(c),(f)
204‌
6‌
MercadoLibre
Inc
(c),(f)
41‌
71‌
Meta
Platforms
Inc
(c),(e)
2,299‌
1,073‌
MonotaRO
Co
Ltd
100‌
1‌
Netflix
Inc
(c),(e),(f)
1,144‌
734‌
Okta
Inc
(c),(f)
1,066‌
95‌
Palo
Alto
Networks
Inc
(c),(f)
10‌
3‌
Pinterest
Inc
(f)
3,073‌
127‌
Roku
Inc
(c),(f)
57‌
3‌
Sea
Ltd
ADR
(c),(f)
2,844‌
192‌
Shopify
Inc
(f)
500‌
30‌
Shopify
Inc
(f)
815‌
48‌
Spotify
Technology
SA
(f)
359‌
107‌
Squarespace
Inc
(f)
1,042‌
46‌
Trend
Micro
Inc/Japan
100‌
5‌
Uber
Technologies
Inc
(e),(f)
2,558‌
165‌
VeriSign
Inc
(c),(e),(f)
1,303‌
227‌
Ziff
Davis
Inc
(f)
397‌
23‌
ZOZO
Inc
1,300‌
30‌
$
9,392‌
Iron
&
Steel
-
0.82%
ArcelorMittal
SA
1,109‌
29‌
Fortescue
Ltd
9,168‌
152‌
Haynes
International
Inc
9,895‌
582‌
Reliance
Inc
288‌
87‌
Steel
Dynamics
Inc
(e)
1,201‌
161‌
United
States
Steel
Corp
(c)
40,662‌
1,559‌
Vale
SA
ADR
65,100‌
784‌
$
3,354‌
Leisure
Products
&
Services
-
0.04%
Malibu
Boats
Inc
(f)
1,476‌
57‌
Royal
Caribbean
Cruises
Ltd
(f)
477‌
70‌
Viking
Holdings
Ltd
(f)
200‌
6‌
YETI
Holdings
Inc
(f)
600‌
25‌
$
158‌
Lodging
-
0.19%
Hilton
Grand
Vacations
Inc
(f)
1,518‌
63‌
Hilton
Worldwide
Holdings
Inc
(c),(e)
727‌
146‌
Las
Vegas
Sands
Corp
849‌
38‌
Marriott
International
Inc/MD
(e)
1,012‌
234‌
MGM
Resorts
International
(e),(f)
1,141‌
46‌
Whitbread
PLC
2,575‌
98‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Lodging
(continued)
Wyndham
Hotels
&
Resorts
Inc
954‌
$
67‌
Wynn
Resorts
Ltd
(c)
763‌
72‌
$
764‌
Machinery
-
Construction
&
Mining
-
0.15%
BWX
Technologies
Inc
596‌
55‌
Caterpillar
Inc
(c),(e)
995‌
337‌
GE
Vernova
Inc
(e),(f)
319‌
56‌
Komatsu
Ltd
5,200‌
153‌
Vertiv
Holdings
Co
(c)
95‌
9‌
$
610‌
Machinery
-
Diversified
-
0.50%
Applied
Industrial
Technologies
Inc
381‌
73‌
Atlas
Copco
AB
-
A
Shares
5,015‌
97‌
Cactus
Inc
1,000‌
51‌
CNH
Industrial
NV
(c)
829‌
9‌
Daifuku
Co
Ltd
1,100‌
19‌
Deere
&
Co
50‌
19‌
Dover
Corp
(e)
1,271‌
234‌
Ichor
Holdings
Ltd
(f)
1,347‌
51‌
Ingersoll
Rand
Inc
(e)
933‌
87‌
Kone
Oyj
64‌
3‌
Middleby
Corp/The
(f)
505‌
65‌
Otis
Worldwide
Corp
(c),(e)
4,811‌
477‌
Toro
Co/The
660‌
53‌
Wartsila
OYJ
Abp
14,600‌
306‌
Westinghouse
Air
Brake
Technologies
Corp
(c)
1,201‌
203‌
Xylem
Inc/NY
(c)
1,806‌
255‌
Zurn
Elkay
Water
Solutions
Corp
1,460‌
46‌
$
2,048‌
Media
-
0.97%
Altice
USA
Inc
(f)
22,876‌
57‌
Comcast
Corp
-
Class
A
(e)
4,514‌
180‌
Endeavor
Group
Holdings
Inc
(c)
87,024‌
2,335‌
Fox
Corp
-
A
Shares
1,290‌
44‌
iHeartMedia
Inc
(f)
5,535‌
5‌
Liberty
Broadband
Corp
-
C
Shares
(c),(f)
68‌
4‌
Liberty
Media
Corp-Liberty
Formula
One
-
C
Shares
(f)
1,251‌
93‌
Liberty
Media
Corp-Liberty
SiriusXM
-
A
Shares
(f)
24,473‌
556‌
News
Corp
-
A
Shares
(e)
1,970‌
54‌
Paramount
Global
-
Class
B
14,724‌
175‌
Walt
Disney
Co/The
(e)
4,421‌
460‌
Wolters
Kluwer
NV
238‌
38‌
$
4,001‌
Metal
Fabrication
&
Hardware
-
0.11%
MISUMI
Group
Inc
16,300‌
281‌
Prysmian
SpA
447‌
29‌
SKF
AB
5,034‌
110‌
Xometry
Inc
(f)
3,234‌
50‌
$
470‌
Mining
-
0.58%
BHP
Group
Ltd
1,274‌
38‌
Ecobat
Holdings,
Inc
-
Class
B
(f)
2,998‌
1,574‌
First
Quantum
Minerals
Ltd
4,900‌
63‌
Freeport-McMoRan
Inc
(c)
1,206‌
64‌
Kaiser
Aluminum
Corp
658‌
64‌
Kinross
Gold
Corp
19,200‌
156‌
Lundin
Mining
Corp
900‌
10‌
MP
Materials
Corp
(f)
1,443‌
23‌
Newmont
Corp
(c)
725‌
31‌
Norsk
Hydro
ASA
9,043‌
61‌
Northern
Star
Resources
Ltd
20,941‌
200‌
Rio
Tinto
PLC
ADR
1,619‌
114‌
$
2,398‌
Miscellaneous
Manufacturers
-
0.39%
3M
Co
(c),(e)
1,312‌
132‌
A
O
Smith
Corp
(c),(e)
5,964‌
499‌
Alfa
Laval
AB
919‌
43‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
70
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Miscellaneous
Manufacturers
(continued)
Axon
Enterprise
Inc
(c),(f)
598‌
$
168‌
Fabrinet
(f)
76‌
18‌
Illinois
Tool
Works
Inc
(c),(e)
555‌
135‌
Parker-Hannifin
Corp
(e)
504‌
268‌
Sturm
Ruger
&
Co
Inc
802‌
35‌
Textron
Inc
(e)
3,364‌
295‌
$
1,593‌
Office
Furnishings
-
0.02%
Interface
Inc
5,054‌
81‌
Oil
&
Gas
-
1.55%
APA
Corp
(e)
2,282‌
70‌
Canadian
Natural
Resources
Ltd
1,687‌
130‌
Chevron
Corp
(c),(e)
1,271‌
207‌
Civitas
Resources
Inc
760‌
56‌
ConocoPhillips
628‌
73‌
Coterra
Energy
Inc
(e)
2,997‌
85‌
Devon
Energy
Corp
(c),(e)
5,096‌
250‌
Diamondback
Energy
Inc
(e)
1,250‌
249‌
ENEOS
Holdings
Inc
23,800‌
123‌
Enerplus
Corp
13,776‌
277‌
EOG
Resources
Inc
(e)
1,620‌
202‌
Exxon
Mobil
Corp
(c),(e)
4,960‌
581‌
Hess
Corp
(c)
9,121‌
1,406‌
Inpex
Corp
2,900‌
45‌
Marathon
Oil
Corp
(e)
13,924‌
403‌
Marathon
Petroleum
Corp
(c),(e)
507‌
90‌
MEG
Energy
Corp
(f)
4,800‌
104‌
Occidental
Petroleum
Corp
(c)
106‌
7‌
PBF
Energy
Inc
1,229‌
57‌
Phillips
66
(e)
622‌
88‌
Repsol
SA
572‌
9‌
Seadrill
Ltd
(f)
743‌
38‌
SilverBow
Resources
Inc
(f)
2,159‌
85‌
Southwestern
Energy
Co
(f)
198,659‌
1,496‌
Texas
Pacific
Land
Corp
(c)
126‌
77‌
Valero
Energy
Corp
(e)
429‌
67‌
Viper
Energy
Inc
2,164‌
83‌
$
6,358‌
Oil
&
Gas
Services
-
0.43%
Baker
Hughes
Co
(c),(e)
5,276‌
176‌
ChampionX
Corp
27,726‌
905‌
Halliburton
Co
(e)
5,063‌
186‌
Helix
Energy
Solutions
Group
Inc
(f)
4,604‌
53‌
Liberty
Energy
Inc
2,754‌
68‌
Schlumberger
NV
(c)
5,576‌
256‌
Select
Water
Solutions
Inc
5,734‌
63‌
Tidewater
Inc
(f)
768‌
79‌
$
1,786‌
Packaging
&
Containers
-
0.94%
Ball
Corp
(e)
5,452‌
379‌
CCL
Industries
Inc
3,800‌
196‌
Greif
Inc
-
Class
A
883‌
57‌
Packaging
Corp
of
America
(e)
1,019‌
187‌
Westrock
Co
(c)
56,610‌
3,036‌
$
3,855‌
Pharmaceuticals
-
1.41%
AbbVie
Inc
(e)
2,640‌
425‌
Agios
Pharmaceuticals
Inc
(f)
146‌
5‌
Alkermes
PLC
(f)
393‌
9‌
Amplifon
SpA
1,250‌
46‌
Arvinas
Inc
(f)
105‌
4‌
AstraZeneca
PLC
ADR
1,708‌
133‌
Bristol-Myers
Squibb
Co
(c),(e)
8,015‌
329‌
Cardinal
Health
Inc
(e)
1,790‌
178‌
Cencora
Inc
(e)
911‌
206‌
Cigna
Group/The
(e)
642‌
221‌
Corcept
Therapeutics
Inc
(f)
180‌
5‌
CVS
Health
Corp
(e)
2,919‌
174‌
Daiichi
Sankyo
Co
Ltd
3,300‌
117‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Pharmaceuticals
(continued)
Dexcom
Inc
(c),(f)
641‌
$
77‌
Eli
Lilly
&
Co
(c),(e)
432‌
355‌
GSK
PLC
10,129‌
227‌
Harmony
Biosciences
Holdings
Inc
(f)
105‌
3‌
Heron
Therapeutics
Inc
(f)
276‌
1‌
Ironwood
Pharmaceuticals
Inc
(f)
436‌
3‌
Jazz
Pharmaceuticals
PLC
(c),(f)
679‌
72‌
Johnson
&
Johnson
(e)
2,878‌
422‌
Kura
Oncology
Inc
(f)
179‌
4‌
Kyowa
Kirin
Co
Ltd
1,500‌
25‌
Longboard
Pharmaceuticals
Inc
(f)
448‌
8‌
McKesson
Corp
(e)
284‌
162‌
Merck
&
Co
Inc
(c),(e)
4,747‌
596‌
Merus
NV
(f)
243‌
13‌
Morphic
Holding
Inc
(f)
397‌
12‌
Novartis
AG
2,104‌
218‌
Novo
Nordisk
A/S
3,997‌
542‌
Ono
Pharmaceutical
Co
Ltd
10,800‌
156‌
Orion
Oyj
2,333‌
95‌
Pacira
BioSciences
Inc
(f)
1,785‌
54‌
Pfizer
Inc
5,336‌
153‌
Recordati
Industria
Chimica
e
Farmaceutica
SpA
4,710‌
249‌
Rhythm
Pharmaceuticals
Inc
(f)
101‌
4‌
Sanofi
SA
ADR
1,808‌
89‌
Shionogi
&
Co
Ltd
900‌
41‌
Supernus
Pharmaceuticals
Inc
(f)
160‌
4‌
Vaxcyte
Inc
(f)
641‌
45‌
Verona
Pharma
PLC
ADR
(f)
509‌
6‌
Viatris
Inc
(e)
11,249‌
119‌
Voyager
Therapeutics
Inc
(f)
150‌
1‌
Y-mAbs
Therapeutics
Inc
(f)
96‌
1‌
Zoetis
Inc
(c)
1,203‌
204‌
$
5,813‌
Pipelines
-
0.58%
Enbridge
Inc
4,332‌
159‌
Equitrans
Midstream
Corp
114,784‌
1,639‌
Keyera
Corp
4,600‌
122‌
Kinder
Morgan
Inc
(e)
6,736‌
131‌
Southcross
Holdings
(f),(g)
615,976‌
—‌
Targa
Resources
Corp
(c)
1,661‌
196‌
Williams
Cos
Inc/The
3,558‌
148‌
$
2,395‌
Private
Equity
-
0.04%
Blackstone
Inc
343‌
41‌
Hannon
Armstrong
Sustainable
Infrastructure
Capital
Inc
1,137‌
38‌
KKR
&
Co
Inc
601‌
62‌
Partners
Group
Holding
AG
22‌
30‌
$
171‌
Real
Estate
-
0.44%
CBRE
Group
Inc
(e),(f)
1,285‌
113‌
Jones
Lang
LaSalle
Inc
(f)
204‌
41‌
LEG
Immobilien
SE
1,101‌
98‌
Marcus
&
Millichap
Inc
1,438‌
47‌
McGrath
RentCorp
(c)
11,400‌
1,242‌
Nomura
Real
Estate
Holdings
Inc
6,700‌
173‌
Sagax
AB
3,831‌
101‌
$
1,815‌
REITs
-
1.09%
Alexandria
Real
Estate
Equities
Inc
(e)
655‌
78‌
American
Tower
Corp
(c)
1,822‌
357‌
Apartment
Income
REIT
Corp
26,431‌
1,024‌
AvalonBay
Communities
Inc
(e)
347‌
66‌
Boston
Properties
Inc
(c)
803‌
49‌
Camden
Property
Trust
(e)
627‌
64‌
CareTrust
REIT
Inc
2,656‌
68‌
Covivio
SA/France
611‌
32‌
Crown
Castle
Inc
9,300‌
953‌
Digital
Realty
Trust
Inc
(e)
1,257‌
183‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
71
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
REITs
(continued)
Equinix
Inc
(c)
216‌
$
164‌
Extra
Space
Storage
Inc
(e)
1,321‌
191‌
Japan
Metropolitan
Fund
Invest
208‌
123‌
Land
Securities
Group
PLC
4,254‌
36‌
Macerich
Co/The
4,054‌
61‌
Mid-America
Apartment
Communities
Inc
(c)
104‌
14‌
Pebblebrook
Hotel
Trust
3,746‌
53‌
Piedmont
Office
Realty
Trust
Inc
8,089‌
59‌
Prologis
Inc
(e)
282‌
31‌
Realty
Income
Corp
(e)
3,348‌
178‌
Rithm
Capital
Corp
4,319‌
48‌
Ryman
Hospitality
Properties
Inc
520‌
55‌
Simon
Property
Group
Inc
(e)
1,238‌
187‌
UDR
Inc
1,983‌
77‌
Uniti
Group
Inc
9,760‌
31‌
VICI
Properties
Inc
(c),(e)
4,863‌
140‌
Warehouses
De
Pauw
CVA
875‌
26‌
Welltower
Inc
(e)
1,341‌
139‌
$
4,487‌
Retail
-
1.66%
Abercrombie
&
Fitch
Co
(f)
243‌
42‌
AutoZone
Inc
(c),(e),(f)
96‌
266‌
Bath
&
Body
Works
Inc
(e)
4,843‌
252‌
Best
Buy
Co
Inc
(e)
1,244‌
105‌
Boot
Barn
Holdings
Inc
(f)
291‌
35‌
Burlington
Stores
Inc
(c),(f)
1,182‌
284‌
Chipotle
Mexican
Grill
Inc
(c),(f)
4‌
13‌
Costco
Wholesale
Corp
(c),(e)
645‌
523‌
Cracker
Barrel
Old
Country
Store
Inc
716‌
35‌
Darden
Restaurants
Inc
(e)
608‌
91‌
Dick's
Sporting
Goods
Inc
(c)
1,037‌
236‌
Dollar
Tree
Inc
(f)
250‌
29‌
Dollarama
Inc
3,100‌
293‌
Domino's
Pizza
Inc
(c)
248‌
126‌
Fast
Retailing
Co
Ltd
300‌
77‌
Freshpet
Inc
(f)
664‌
87‌
Genuine
Parts
Co
(e)
528‌
76‌
H
&
M
Hennes
&
Mauritz
AB
7,812‌
138‌
Home
Depot
Inc/The
(e)
649‌
217‌
Industria
de
Diseno
Textil
SA
3,297‌
157‌
Jack
in
the
Box
Inc
955‌
53‌
JD
Sports
Fashion
PLC
46,862‌
77‌
Lowe's
Cos
Inc
(e)
651‌
144‌
Lululemon
Athletica
Inc
(c),(f)
594‌
185‌
McDonald's
Corp
(e)
1,732‌
448‌
O'Reilly
Automotive
Inc
(c),(f)
106‌
102‌
Pan
Pacific
International
Holdings
Corp
5,400‌
140‌
Ross
Stores
Inc
(c)
1,661‌
233‌
Starbucks
Corp
337‌
27‌
Target
Corp
(c),(e)
2,794‌
436‌
TJX
Cos
Inc/The
(c),(e)
6,440‌
664‌
Tokyo
Gas
Co
Ltd
6,400‌
144‌
Ulta
Beauty
Inc
(c),(e),(f)
990‌
391‌
USS
Co
Ltd
14,100‌
110‌
Walgreens
Boots
Alliance
Inc
(c)
13,507‌
219‌
Walmart
Inc
(e)
2,424‌
160‌
Williams-Sonoma
Inc
(c)
32‌
9‌
Wingstop
Inc
115‌
42‌
Yum!
Brands
Inc
(e)
1,176‌
162‌
$
6,828‌
Savings
&
Loans
-
0.02%
Pacific
Premier
Bancorp
Inc
2,154‌
48‌
WSFS
Financial
Corp
808‌
36‌
$
84‌
Semiconductors
-
2.46%
Applied
Materials
Inc
(c),(e)
1,453‌
313‌
ARM
Holdings
PLC
ADR
(f)
675‌
81‌
ASM
International
NV
5‌
3‌
ASML
Holding
NV
406‌
388‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Semiconductors
(continued)
Broadcom
Inc
(c),(e)
473‌
$
628‌
Entegris
Inc
(c)
123‌
16‌
KLA
Corp
(c),(e)
387‌
294‌
Lam
Research
Corp
(c),(e)
345‌
322‌
Lasertec
Corp
200‌
51‌
Marvell
Technology
Inc
916‌
63‌
Microchip
Technology
Inc
(e)
1,646‌
160‌
Micron
Technology
Inc
(c),(e)
3,197‌
400‌
MKS
Instruments
Inc
250‌
32‌
Monolithic
Power
Systems
Inc
(c)
45‌
33‌
NVIDIA
Corp
(c),(e)
2,678‌
2,935‌
NXP
Semiconductors
NV
(c)
2,112‌
576‌
ON
Semiconductor
Corp
(f)
844‌
62‌
Qorvo
Inc
(e),(f)
3,141‌
309‌
QUALCOMM
Inc
(c),(e)
5,056‌
1,031‌
Renesas
Electronics
Corp
7,200‌
133‌
Samsung
Electronics
Co
Ltd
753‌
40‌
Semtech
Corp
(f)
1,455‌
57‌
Silicon
Motion
Technology
Corp
ADR
17,875‌
1,396‌
SiTime
Corp
(f)
192‌
23‌
Skyworks
Solutions
Inc
(e)
3,387‌
314‌
Synaptics
Inc
(f)
256‌
24‌
Texas
Instruments
Inc
1,295‌
253‌
Tokyo
Electron
Ltd
600‌
127‌
Tower
Semiconductor
Ltd
(f)
1,795‌
67‌
$
10,131‌
Software
-
2.08%
Adeia
Inc
3,878‌
46‌
Adobe
Inc
(f)
431‌
192‌
Agilysys
Inc
(f)
657‌
63‌
Airship
AI
Holdings
Inc
-
Warrants
(f)
37,466‌
11‌
ANSYS
Inc
(f)
1,475‌
469‌
Broadridge
Financial
Solutions
Inc
106‌
21‌
Cadence
Design
Systems
Inc
(c),(e),(f)
314‌
90‌
Clearwater
Analytics
Holdings
Inc
(f)
1,899‌
36‌
Cloudflare
Inc
(c),(f)
1,031‌
70‌
Confluent
Inc
(c),(f)
965‌
25‌
Constellation
Software
Inc/Canada
-
Warrants
(f),(g)
153‌
—‌
Dassault
Systemes
SE
821‌
33‌
Datadog
Inc
(c),(f)
1,049‌
115‌
DocuSign
Inc
(c),(f)
1,971‌
108‌
DoubleVerify
Holdings
Inc
(f)
1,237‌
23‌
Duolingo
Inc
(f)
60‌
11‌
Dynatrace
Inc
(c),(f)
1,036‌
47‌
Electronic
Arts
Inc
(e)
1,769‌
235‌
Fair
Isaac
Corp
(e),(f)
140‌
181‌
Fiserv
Inc
(e),(f)
1,960‌
294‌
Five9
Inc
(f)
523‌
24‌
Global-e
Online
Ltd
(f)
915‌
29‌
HashiCorp
Inc
(f)
35,522‌
1,193‌
iLearningEngines
Holdings
Inc
-
Warrants
(f)
1,824‌
1‌
Intapp
Inc
(f)
504‌
18‌
Intuit
Inc
(e)
329‌
190‌
Jamf
Holding
Corp
(f)
1,751‌
28‌
LeddarTech
Holdings
Inc
-
Warrants
(f)
2,297‌
—‌
Manhattan
Associates
Inc
(c),(f)
136‌
29‌
Microsoft
Corp
(c),(e)
6,602‌
2,740‌
MINDBODY
Inc
(f),(g)
9,229‌
337‌
MSCI
Inc
(c)
81‌
40‌
Nemetschek
SE
568‌
52‌
Nexon
Co
Ltd
8,400‌
144‌
Open
Text
Corp
1,300‌
38‌
Paychex
Inc
(e)
1,005‌
121‌
PowerSchool
Holdings
Inc
(f)
1,909‌
41‌
Roper
Technologies
Inc
(e)
128‌
68‌
Salesforce
Inc
(c),(e)
2,256‌
529‌
SAP
SE
380‌
69‌
SEMrush
Holdings
Inc
(f)
2,300‌
35‌
ServiceNow
Inc
(c),(e),(f)
249‌
164‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
72
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Software
(continued)
SolarWinds
Corp
4,134‌
$
48‌
Square
Enix
Holdings
Co
Ltd
1,600‌
48‌
Synopsys
Inc
(e),(f)
59‌
33‌
Temenos
AG
159‌
10‌
TIS
Inc
3,200‌
59‌
UiPath
Inc
(c),(f)
1,114‌
14‌
Veeva
Systems
Inc
(c),(f)
708‌
123‌
Veradigm
Inc
(f)
5,160‌
49‌
Verint
Systems
Inc
(f)
1,981‌
59‌
Verra
Mobility
Corp
(f)
3,152‌
84‌
Workday
Inc
(c),(f)
63‌
13‌
Xero
Ltd
(f)
655‌
59‌
$
8,559‌
Telecommunications
-
0.54%
Arista
Networks
Inc
(f)
102‌
31‌
AT&T
Inc
(e)
3,690‌
67‌
Cisco
Systems
Inc
(e)
4,883‌
228‌
Elisa
Oyj
410‌
19‌
Infinera
Corp
(f)
10,194‌
58‌
InterDigital
Inc
529‌
60‌
Juniper
Networks
Inc
28,492‌
1,016‌
Motorola
Solutions
Inc
(c),(e)
576‌
210‌
T-Mobile
US
Inc
(e)
1,961‌
343‌
Verizon
Communications
Inc
(e)
3,994‌
164‌
Vodafone
Group
PLC
44,977‌
44‌
$
2,240‌
Toys,
Games
&
Hobbies
-
0.02%
Hasbro
Inc
(e)
1,082‌
65‌
Transportation
-
0.35%
Central
Japan
Railway
Co
3,000‌
67‌
CSX
Corp
(e)
7,409‌
250‌
FedEx
Corp
(e)
1,064‌
270‌
Freightos
Ltd
-
Warrants
(f)
388‌
—‌
Knight-Swift
Transportation
Holdings
Inc
1,804‌
87‌
Marten
Transport
Ltd
2,352‌
42‌
Old
Dominion
Freight
Line
Inc
(e)
236‌
41‌
Ryder
System
Inc
501‌
61‌
Union
Pacific
Corp
(e)
1,235‌
288‌
United
Parcel
Service
Inc
(e)
2,542‌
353‌
$
1,459‌
Trucking
&
Leasing
-
0.02%
Greenbrier
Cos
Inc/The
1,323‌
73‌
TOTAL
COMMON
STOCKS
$
154,549‌
CONVERTIBLE
PREFERRED
STOCKS
-
0.03%
Shares
Held
Value
(000's)
Diversified
Financial
Services
-
0.01%
Apollo
Global
Management
Inc
6.75%,
07/31/2026
586‌
$
38‌
Pipelines
-
0.02%
El
Paso
Energy
Capital
Trust
I
4.75%,
03/31/2028
442‌
21‌
Southcross
Energy
Series
A
0.00%
(f),(g)
2,399,339‌
52‌
$
73‌
TOTAL
CONVERTIBLE
PREFERRED
STOCKS
$
111‌
PREFERRED
STOCKS
-
0.11%
Shares
Held
Value
(000's)
Automobile
Manufacturers
-
0.01%
Dr
Ing
hc
F
Porsche
AG
2.31%
(i)
302‌
$
25‌
Pipelines
-
0.10%
NuStar
Energy
LP
11.23%,
06/03/2024
(j)
6,431‌
161‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
5.90%
NuStar
Energy
LP
12.36%,
06/03/2024
(j)
2,764‌
69‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
7.03%
NuStar
Energy
LP
12.47%,
06/03/2024
(j)
1,414‌
36‌
3
Month
USD
LIBOR
+
6.88%
PREFERRED
STOCKS
(continued)
Shares
Held
Value
(000’s)
Pipelines
(continued)
NuStar
Logistics
LP
12.32%,
01/15/2043
6,651‌
$
169‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
7.00%
$
435‌
TOTAL
PREFERRED
STOCKS
$
460‌
BONDS
-
31.53%
Principal
Amount
(000's)
Value
(000's)
Advertising
-
0.08%
Clear
Channel
Outdoor
Holdings
Inc
7.50%,
06/01/2029
(i)
$
382‌
$
314‌
Aerospace
&
Defense
-
0.43%
BAE
Systems
PLC
5.30%,
03/26/2034
(i)
230‌
226‌
Boeing
Co/The
3.63%,
02/01/2031
209‌
182‌
5.15%,
05/01/2030
160‌
153‌
5.71%,
05/01/2040
151‌
139‌
5.81%,
05/01/2050
405‌
363‌
5.93%,
05/01/2060
10‌
9‌
6.39%,
05/01/2031
(i)
45‌
45‌
6.53%,
05/01/2034
(i)
45‌
46‌
6.86%,
05/01/2054
(i)
135‌
137‌
7.01%,
05/01/2064
(i)
65‌
65‌
Bombardier
Inc
7.88%,
04/15/2027
(i)
115‌
115‌
Embraer
Netherlands
Finance
BV
7.00%,
07/28/2030
(i)
200‌
208‌
RTX
Corp
5.00%,
02/27/2026
65‌
65‌
$
1,753‌
Agriculture
-
0.09%
Vector
Group
Ltd
10.50%,
11/01/2026
(i)
352‌
354‌
Airlines
-
0.08%
United
Airlines
2016-2
Class
B
Pass
Through
Trust
3.65%,
04/07/2027
121‌
117‌
United
Airlines
2019-2
Class
B
Pass
Through
Trust
3.50%,
11/01/2029
246‌
228‌
$
345‌
Automobile
Asset
Backed
Securities
-
0.82%
American
Credit
Acceptance
Receivables
Trust
2023-4
7.65%,
09/12/2030
(i)
100‌
103‌
Avis
Budget
Rental
Car
Funding
AESOP
LLC
2.13%,
08/20/2027
(i)
350‌
321‌
5.58%,
12/20/2030
(i)
120‌
118‌
7.24%,
06/20/2029
(i)
100‌
103‌
Bridgecrest
Lending
Auto
Securitization
Trust
2024-2
6.30%,
02/15/2030
120‌
120‌
Carvana
Auto
Receivables
Trust
2021-N3
1.02%,
06/12/2028
19‌
17‌
Carvana
Auto
Receivables
Trust
2021-N4
2.30%,
09/11/2028
60‌
58‌
Carvana
Auto
Receivables
Trust
2021-P1
1.53%,
03/10/2027
140‌
130‌
Carvana
Auto
Receivables
Trust
2024-N1
5.80%,
05/10/2030
(i)
15‌
15‌
Drive
Auto
Receivables
Trust
2021-1
1.45%,
01/16/2029
200‌
194‌
Drive
Auto
Receivables
Trust
2024-1
5.43%,
11/17/2031
30‌
30‌
DT
Auto
Owner
Trust
2021-4
1.99%,
09/15/2027
(i)
115‌
108‌
DT
Auto
Owner
Trust
2022-2
5.46%,
03/15/2028
(i)
150‌
148‌
DT
Auto
Owner
Trust
2023-2
6.62%,
02/15/2029
(i)
115‌
116‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
73
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Automobile
Asset
Backed
Securities
(continued)
DT
Auto
Owner
Trust
2023-3
7.12%,
05/15/2029
(i)
$
100‌
$
102‌
Exeter
Automobile
Receivables
Trust
2020-2
4.73%,
04/15/2026
(i)
22‌
22‌
Exeter
Automobile
Receivables
Trust
2023-2
6.32%,
08/15/2029
100‌
100‌
Exeter
Automobile
Receivables
Trust
2023-5
7.13%,
02/15/2030
125‌
128‌
Ford
Credit
Auto
Lease
Trust
2023-B
6.97%,
06/15/2028
35‌
36‌
GLS
Auto
Receivables
Issuer
Trust
2021-4
2.48%,
10/15/2027
(i)
135‌
128‌
GLS
Auto
Receivables
Issuer
Trust
2023-4
7.18%,
08/15/2029
(i)
110‌
113‌
GLS
Auto
Receivables
Issuer
Trust
2024-1
5.95%,
12/17/2029
(i)
25‌
25‌
GLS
Auto
Select
Receivables
Trust
2024-2
5.93%,
06/17/2030
(i)
15‌
15‌
Hertz
Vehicle
Financing
III
LLC
4.85%,
06/25/2026
(i)
250‌
241‌
LAD
Auto
Receivables
Trust
2023-4
6.76%,
03/15/2029
(i)
50‌
51‌
Prestige
Auto
Receivables
Trust
2021-1
2.08%,
02/15/2028
(i)
170‌
159‌
Santander
Drive
Auto
Receivables
Trust
2021-4
1.67%,
10/15/2027
225‌
216‌
Westlake
Automobile
Receivables
Trust
2022-2
5.48%,
09/15/2027
(i)
125‌
124‌
Westlake
Automobile
Receivables
Trust
2023-3
6.47%,
03/15/2029
(i)
100‌
101‌
Westlake
Automobile
Receivables
Trust
2023-4
7.19%,
07/16/2029
(i)
110‌
113‌
Westlake
Automobile
Receivables
Trust
2024-1
5.65%,
02/15/2029
(i)
35‌
35‌
6.02%,
10/15/2029
(i)
90‌
90‌
$
3,380‌
Automobile
Manufacturers
-
0.73%
American
Honda
Finance
Corp
1.50%,
01/13/2025
900‌
878‌
Ford
Otomotiv
Sanayi
AS
7.13%,
04/25/2029
(i)
450‌
450‌
Mercedes-Benz
Finance
North
America
LLC
4.95%,
03/30/2025
(i)
405‌
403‌
Toyota
Motor
Credit
Corp
1.45%,
01/13/2025
905‌
883‌
4.40%,
09/20/2024
385‌
384‌
$
2,998‌
Automobile
Parts
&
Equipment
-
0.07%
ZF
North
America
Capital
Inc
6.75%,
04/23/2030
(i)
150‌
152‌
6.88%,
04/23/2032
(i)
150‌
153‌
$
305‌
Banks
-
2.60%
Australia
&
New
Zealand
Banking
Group
Ltd/New
York
NY
5.67%,
10/03/2025
410‌
412‌
Banca
Transilvania
SA
7.25%,
12/07/2028
(k)
EUR
400‌
452‌
Euribor
Swap
Rate
1
Year
+
4.29%
8.88%,
04/27/2027
(k)
400‌
459‌
Euribor
Swap
Rate
1
Year
+
5.58%
Banco
Mercantil
del
Norte
SA/Grand
Cayman
5.88%,
01/24/2027
(i),(j),(k),(l)
$
425‌
402‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.64%
5.88%,
01/24/2027
(j),(k),(l)
200‌
189‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.64%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Banco
Santander
SA
5.15%,
08/18/2025
$
200‌
$
198‌
Bank
of
America
Corp
2.48%,
09/21/2036
(k)
95‌
76‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.20%
3.85%,
03/08/2037
(k)
160‌
140‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.00%
Bank
of
New
York
Mellon
Corp/The
5.98%,
04/25/2025
190‌
191‌
Secured
Overnight
Financing
Rate
+
0.62%
Barclays
PLC
3.56%,
09/23/2035
(k)
295‌
254‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.90%
BBVA
Bancomer
SA/Texas
5.13%,
01/18/2033
(k),(l)
200‌
184‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.65%
8.45%,
06/29/2038
(i),(k),(l)
725‌
761‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.66%
BOI
Finance
BV
7.50%,
02/16/2027
EUR
425‌
437‌
Ceska
sporitelna
AS
5.74%,
03/08/2028
(k)
200‌
223‌
3
Month
Euro
Interbank
Offered
Rate
+
2.35%
Commonwealth
Bank
of
Australia/New
York
NY
5.32%,
03/13/2026
$
250‌
251‌
Deutsche
Bank
AG/New
York
NY
3.73%,
01/14/2032
(k)
200‌
169‌
Secured
Overnight
Financing
Rate
+
2.76%
Goldman
Sachs
Group
Inc/The
5.80%,
08/10/2026
(k)
410‌
410‌
Secured
Overnight
Financing
Rate
+
1.08%
HSBC
Holdings
PLC
6.25%,
03/09/2034
(k)
850‌
885‌
Secured
Overnight
Financing
Rate
+
2.39%
Israel
Discount
Bank
Ltd
5.38%,
01/26/2028
(i)
275‌
267‌
JPMorgan
Chase
Bank
NA
0.00%,
03/15/2034
(f),(g),(i)
TRY
295,000‌
428‌
Mitsubishi
UFJ
Financial
Group
Inc
5.06%,
09/12/2025
(k)
$
390‌
389‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.55%
Morgan
Stanley
2.48%,
09/16/2036
(k)
290‌
229‌
Secured
Overnight
Financing
Rate
+
1.36%
Raiffeisenbank
AS
7.13%,
01/19/2026
(k)
EUR
400‌
440‌
3
Month
Euro
Interbank
Offered
Rate
+
3.93%
Societe
Generale
SA
6.07%,
01/19/2035
(i),(k)
$
225‌
225‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.10%
Standard
Chartered
PLC
3.27%,
02/18/2036
(i),(k)
375‌
315‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.30%
5.91%,
05/14/2035
(i),(k)
200‌
200‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.45%
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
74
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Standard
Chartered
PLC  
(continued)
6.10%,
01/11/2035
(i),(k)
$
600‌
$
612‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.10%
6.10%,
01/11/2035
(k)
200‌
204‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.10%
UBS
Group
AG
5.62%,
09/13/2030
(i),(k)
410‌
411‌
USD
Secured
Overnight
Financing
Rate
ICE
Swap
Rate
1
Year
+
1.34%
5.70%,
02/08/2035
(i),(k)
250‌
250‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.77%
6.44%,
08/11/2028
(i),(k)
250‌
256‌
Secured
Overnight
Financing
Rate
+
3.70%
Wells
Fargo
&
Co
6.68%,
04/25/2026
380‌
383‌
Secured
Overnight
Financing
Rate
+
1.32%
$
10,702‌
Biotechnology
-
0.07%
Amgen
Inc
5.25%,
03/02/2025
280‌
279‌
Building
Materials
-
0.46%
Cemex
SAB
de
CV
3.88%,
07/11/2031
(i)
260‌
228‌
5.13%,
06/08/2026
(i),(j),(k)
200‌
192‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.53%
5.20%,
09/17/2030
(i)
375‌
359‌
9.13%,
03/14/2028
(i),(j),(k)
200‌
215‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.16%
9.13%,
03/14/2028
(j),(k)
200‌
215‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.16%
Sisecam
UK
PLC
8.25%,
05/02/2029
(i)
675‌
689‌
$
1,898‌
Chemicals
-
0.31%
Celanese
US
Holdings
LLC
6.70%,
11/15/2033
185‌
195‌
Sasol
Financing
USA
LLC
8.75%,
05/03/2029
(i)
525‌
525‌
Sociedad
Quimica
y
Minera
de
Chile
SA
6.50%,
11/07/2033
(i)
550‌
566‌
$
1,286‌
Coal
-
0.16%
Alliance
Resource
Operating
Partners
LP
/
Alliance
Resource
Finance
Corp
7.50%,
05/01/2025
(i)
665‌
665‌
Commercial
Mortgage
Backed
Securities
-
0.76%
BPR
Trust
2021-NRD
12.19%,
12/15/2038
(i)
140‌
133‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.87%
BPR
Trust
2022-SSP
8.32%,
05/15/2039
(i)
245‌
247‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Citigroup
Commercial
Mortgage
Trust
2014-GC21
4.85%,
05/10/2047
(i),(m)
135‌
105‌
COMM
2012-CCRE3
Mortgage
Trust
3.92%,
10/15/2045
(i)
106‌
100‌
COMM
2012-LC4
Mortgage
Trust
5.29%,
12/10/2044
(m)
10‌
8‌
CSMC
2014-USA
OA
LLC
4.37%,
09/15/2037
(i)
1,055‌
593‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Commercial
Mortgage
Backed
Securities
(continued)
DC
Commercial
Mortgage
Trust
2023-DC
7.14%,
09/12/2040
(i),(m)
$
110‌
$
112‌
Extended
Stay
America
Trust
2021-ESH
9.13%,
07/15/2038
(i)
110‌
110‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.81%
Greystone
CRE
Notes
2021-HC2
LTD
7.23%,
12/15/2039
(i)
110‌
109‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.91%
Med
Trust
2021-MDLN
7.23%,
11/15/2038
(i)
100‌
99‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.91%
Morgan
Stanley
Capital
I
Trust
2011-C2
5.21%,
06/15/2044
(i),(m)
229‌
220‌
5.21%,
06/15/2044
(i),(m)
160‌
127‌
Starwood
Retail
Property
Trust
2014-STAR
0.00%,
11/15/2027
(f),(g),(i)
170‌
56‌
1.00
x
Prime
Rate
+
0.00%
0.00%,
11/15/2027
(f),(g),(i)
645‌
32‌
1.00
x
Prime
Rate
+
0.00%
Wells
Fargo
Commercial
Mortgage
Trust
2013-LC12
3.95%,
07/15/2046
(m)
149‌
137‌
Wells
Fargo
Commercial
Mortgage
Trust
2016-C36
4.12%,
11/15/2059
(m)
100‌
83‌
WFRBS
Commercial
Mortgage
Trust
2011-C3
5.85%,
03/15/2044
(i),(m)
108‌
41‌
WFRBS
Commercial
Mortgage
Trust
2011-C4
4.98%,
06/15/2044
(i),(m)
845‌
709‌
WFRBS
Commercial
Mortgage
Trust
2014-C20
4.38%,
05/15/2047
100‌
87‌
$
3,108‌
Commercial
Services
-
0.32%
Carriage
Services
Inc
4.25%,
05/15/2029
(i)
981‌
870‌
La
Financiere
Atalian
SASU
3.50%,
PIK
0.00%;
06/30/2028
(n)
EUR
234‌
150‌
Mobius
Merger
Sub
Inc
9.00%,
06/01/2030
(i)
$
95‌
96‌
United
Rentals
North
America
Inc
6.13%,
03/15/2034
(i)
185‌
182‌
$
1,298‌
Computers
-
0.06%
Leidos
Inc
5.75%,
03/15/2033
150‌
152‌
Western
Digital
Corp
2.85%,
02/01/2029
120‌
103‌
$
255‌
Credit
Card
Asset
Backed
Securities
-
0.02%
Mission
Lane
Credit
Card
Master
Trust
7.79%,
11/15/2028
(i)
100‌
101‌
Diversified
Financial
Services
-
0.69%
Aircastle
Ltd
5.95%,
02/15/2029
(i)
55‌
55‌
6.50%,
07/18/2028
(i)
145‌
148‌
Aviation
Capital
Group
LLC
6.75%,
10/25/2028
(i)
350‌
364‌
Blue
Owl
Finance
LLC
6.25%,
04/18/2034
(i)
205‌
206‌
Intercontinental
Exchange
Inc
3.65%,
05/23/2025
157‌
154‌
Jefferies
Financial
Group
Inc
6.20%,
04/14/2034
275‌
276‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
75
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Diversified
Financial
Services
(continued)
OneMain
Finance
Corp
3.50%,
01/15/2027
$
180‌
$
166‌
3.88%,
09/15/2028
20‌
18‌
4.00%,
09/15/2030
40‌
34‌
5.38%,
11/15/2029
50‌
47‌
Rocket
Mortgage
LLC
/
Rocket
Mortgage
Co-Issuer
Inc
2.88%,
10/15/2026
(i)
680‌
633‌
3.63%,
03/01/2029
(i)
285‌
255‌
3.88%,
03/01/2031
(i)
5‌
4‌
4.00%,
10/15/2033
(i)
200‌
166‌
SOCAR
Turkey
Enerji
AS
via
Steas
Funding
1
DAC
7.23%,
03/17/2026
320‌
317‌
$
2,843‌
Electric
-
0.37%
Comision
Federal
de
Electricidad
5.00%,
09/29/2036
353‌
312‌
Electricidad
Firme
de
Mexico
Holdings
SA
de
CV
4.90%,
11/20/2026
500‌
476‌
NextEra
Energy
Capital
Holdings
Inc
4.20%,
06/20/2024
385‌
385‌
6.05%,
03/01/2025
45‌
45‌
NPC
Ukrenergo
0.00%,
11/09/2028
(f),(i)
225‌
82‌
Pacific
Gas
and
Electric
Co
6.40%,
06/15/2033
110‌
114‌
Southern
Co/The
5.70%,
03/15/2034
100‌
102‌
$
1,516‌
Electronics
-
0.07%
TD
SYNNEX
Corp
6.10%,
04/12/2034
110‌
111‌
Trimble
Inc
6.10%,
03/15/2033
175‌
180‌
$
291‌
Energy
-
Alternate
Sources
-
0.22%
Energo-Pro
AS
8.50%,
02/04/2027
300‌
299‌
8.50%,
02/04/2027
(i)
225‌
224‌
FS
Luxembourg
Sarl
8.88%,
02/12/2031
(i)
375‌
366‌
$
889‌
Engineering
&
Construction
-
0.50%
HTA
Group
Ltd/Mauritius
7.00%,
12/18/2025
300‌
299‌
7.50%,
06/04/2029
(i),(o)
575‌
570‌
IEA
Energy
Services
LLC
6.63%,
08/15/2029
(i)
140‌
133‌
IHS
Holding
Ltd
5.63%,
11/29/2026
275‌
259‌
IHS
Netherlands
Holdco
BV
8.00%,
09/18/2027
825‌
798‌
$
2,059‌
Entertainment
-
0.24%
Allen
Media
LLC
/
Allen
Media
Co-Issuer
Inc
10.50%,
02/15/2028
(i)
471‌
213‌
Everi
Holdings
Inc
5.00%,
07/15/2029
(i)
330‌
320‌
Light
&
Wonder
International
Inc
7.00%,
05/15/2028
(i)
461‌
464‌
$
997‌
Food
-
0.19%
JBS
USA
Holding
Lux
Sarl/
JBS
USA
Food
Co/
JBS
Lux
Co
Sarl
3.00%,
02/02/2029
70‌
62‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Food
(continued)
Minerva
Luxembourg
SA
8.88%,
09/13/2033
(i)
$
700‌
$
730‌
$
792‌
Food
Service
-
0.05%
Aramark
Services
Inc
5.00%,
04/01/2025
(i)
222‌
220‌
Healthcare
-
Services
-
0.37%
Catalent
Pharma
Solutions
Inc
3.13%,
02/15/2029
(i)
284‌
271‌
3.50%,
04/01/2030
(i)
278‌
264‌
Centene
Corp
3.38%,
02/15/2030
110‌
97‌
4.63%,
12/15/2029
480‌
452‌
HCA
Inc
5.60%,
04/01/2034
380‌
377‌
Molina
Healthcare
Inc
4.38%,
06/15/2028
(i)
80‌
74‌
$
1,535‌
Insurance
-
0.03%
Global
Atlantic
Fin
Co
3.13%,
06/15/2031
(i)
85‌
70‌
4.40%,
10/15/2029
(i)
50‌
47‌
$
117‌
Internet
-
0.65%
Getty
Images
Inc
9.75%,
03/01/2027
(i)
1,284‌
1,282‌
Netflix
Inc
4.88%,
06/15/2030
(i)
230‌
225‌
5.38%,
11/15/2029
(i)
35‌
35‌
5.88%,
11/15/2028
145‌
149‌
Uber
Technologies
Inc
4.50%,
08/15/2029
(i)
510‌
481‌
6.25%,
01/15/2028
(i)
55‌
55‌
7.50%,
09/15/2027
(i)
450‌
459‌
$
2,686‌
Investment
Companies
-
0.39%
Antares
Holdings
LP
2.75%,
01/15/2027
(i)
505‌
457‌
Ares
Capital
Corp
3.20%,
11/15/2031
225‌
186‌
Blackstone
Secured
Lending
Fund
2.13%,
02/15/2027
450‌
406‌
Blue
Owl
Capital
Corp
2.88%,
06/11/2028
260‌
230‌
Icahn
Enterprises
LP
/
Icahn
Enterprises
Finance
Corp
4.75%,
09/15/2024
5‌
5‌
5.25%,
05/15/2027
215‌
197‌
6.25%,
05/15/2026
10‌
10‌
6.38%,
12/15/2025
110‌
110‌
$
1,601‌
Iron
&
Steel
-
0.24%
ArcelorMittal
SA
6.80%,
11/29/2032
190‌
202‌
CSN
Inova
Ventures
6.75%,
01/28/2028
600‌
578‌
Usiminas
International
Sarl
5.88%,
07/18/2026
200‌
195‌
$
975‌
Leisure
Products
&
Services
-
0.32%
Carnival
Corp
5.75%,
03/01/2027
(i)
346‌
339‌
NCL
Corp
Ltd
5.88%,
03/15/2026
(i)
370‌
364‌
5.88%,
02/15/2027
(i)
85‌
84‌
8.13%,
01/15/2029
(i)
30‌
31‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
76
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Leisure
Products
&
Services
(continued)
NCL
Finance
Ltd
6.13%,
03/15/2028
(i)
$
40‌
$
39‌
Royal
Caribbean
Cruises
Ltd
4.25%,
07/01/2026
(i)
35‌
34‌
5.50%,
04/01/2028
(i)
240‌
234‌
6.25%,
03/15/2032
(i)
70‌
70‌
VOC
Escrow
Ltd
5.00%,
02/15/2028
(i)
135‌
130‌
$
1,325‌
Lodging
-
0.02%
Marriott
International
Inc/MD
5.30%,
05/15/2034
85‌
83‌
Machinery
-
Diversified
-
0.03%
John
Deere
Capital
Corp
1.25%,
01/10/2025
130‌
127‌
Media
-
0.72%
CCO
Holdings
LLC
/
CCO
Holdings
Capital
Corp
5.13%,
05/01/2027
(i)
1,080‌
1,032‌
5.50%,
05/01/2026
(i)
30‌
30‌
Charter
Communications
Operating
LLC
/
Charter
Communications
Operating
Capital
2.30%,
02/01/2032
20‌
15‌
2.80%,
04/01/2031
50‌
41‌
4.40%,
04/01/2033
25‌
22‌
4.40%,
12/01/2061
295‌
192‌
CSC
Holdings
LLC
3.38%,
02/15/2031
(i)
675‌
395‌
4.63%,
12/01/2030
(i)
235‌
99‌
DISH
DBS
Corp
5.13%,
06/01/2029
175‌
70‌
5.25%,
12/01/2026
(i)
715‌
569‌
iHeartCommunications
Inc
4.75%,
01/15/2028
(i)
60‌
32‌
Paramount
Global
4.38%,
03/15/2043
270‌
185‌
5.85%,
09/01/2043
75‌
61‌
6.88%,
04/30/2036
240‌
229‌
$
2,972‌
Mining
-
0.52%
First
Quantum
Minerals
Ltd
9.38%,
03/01/2029
(i)
450‌
469‌
Glencore
Funding
LLC
6.50%,
10/06/2033
(i)
705‌
737‌
WE
Soda
Investments
Holding
PLC
9.38%,
02/14/2031
(i)
200‌
203‌
9.50%,
10/06/2028
(i)
525‌
538‌
9.50%,
10/06/2028
200‌
205‌
$
2,152‌
Mortgage
Backed
Securities
-
0.64%
510
Asset
Backed
2021-NPL1
Trust
2.24%,
06/25/2061
(i),(m)
72‌
71‌
Alternative
Loan
Trust
2003-22CB
5.75%,
12/25/2033
44‌
43‌
Alternative
Loan
Trust
2004-16CB
5.50%,
07/25/2034
25‌
24‌
5.50%,
08/25/2034
22‌
21‌
Alternative
Loan
Trust
2004-J10
6.00%,
09/25/2034
25‌
24‌
Banc
of
America
Alternative
Loan
Trust
2003-8
5.50%,
10/25/2033
27‌
26‌
Banc
of
America
Funding
2005-7
Trust
5.75%,
11/25/2035
18‌
17‌
Banc
of
America
Funding
2007-4
Trust
5.50%,
11/25/2034
21‌
18‌
Banc
of
America
Mortgage
2005-A
Trust
4.98%,
02/25/2035
(m)
7‌
7‌
BINOM
Securitization
Trust
2022-RPL1
3.00%,
02/25/2061
(i),(m)
140‌
108‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Mortgage
Backed
Securities
(continued)
CAFL
2023-RTL1
Issuer
LLC
7.55%,
12/28/2030
(i),(m)
$
100‌
$
100‌
CHL
Mortgage
Pass-Through
Trust
2004-HYB4
5.23%,
09/20/2034
(m)
13‌
11‌
CIM
Trust
2021-NR2
5.57%,
07/25/2059
(i),(m)
75‌
74‌
Connecticut
Avenue
Securities
Trust
2022-R06
8.07%,
05/25/2042
(i)
64‌
66‌
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
2.75%
CSFB
Mortgage-Backed
Pass-Through
Certificates
Series
2003-27
5.75%,
11/25/2033
20‌
19‌
CSMC
2020-RPL3
Trust
4.08%,
03/25/2060
(i),(m)
117‌
116‌
DSLA
Mortgage
Loan
Trust
2005-AR5
6.09%,
09/19/2045
89‌
47‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.77%
Freddie
Mac
STACR
REMIC
Trust
2022-DNA4
7.52%,
05/25/2042
(i)
61‌
62‌
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
2.20%
GSR
Mortgage
Loan
Trust
2005-4F
6.50%,
02/25/2035
27‌
25‌
IndyMac
INDX
Mortgage
Loan
Trust
2004-AR7
6.66%,
09/25/2034
69‌
53‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.33%
IndyMac
INDX
Mortgage
Loan
Trust
2005-AR11
3.74%,
08/25/2035
(m)
299‌
212‌
Lehman
XS
Trust
Series
2006-2N
5.96%,
02/25/2046
52‌
45‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.63%
MASTR
Alternative
Loan
Trust
2003-9
5.25%,
11/25/2033
16‌
15‌
MASTR
Alternative
Loan
Trust
2004-5
5.50%,
06/25/2034
13‌
12‌
6.00%,
06/25/2034
15‌
15‌
MASTR
Alternative
Loan
Trust
2004-8
6.00%,
09/25/2034
78‌
75‌
Merrill
Lynch
Mortgage
Investors
Trust
Series
MLCC
2006-2
6.20%,
05/25/2036
(m)
3‌
3‌
New
Residential
Mortgage
Loan
Trust
2024-RTL1
6.66%,
03/25/2039
(i),(m)
105‌
106‌
NLT
2023-1
Trust
3.20%,
10/25/2062
(i),(m)
115‌
100‌
PRPM
2021-2
LLC
5.11%,
03/25/2026
(i),(m)
47‌
46‌
PRPM
2021-3
LLC
4.87%,
04/25/2026
(i),(m)
91‌
90‌
PRPM
2021-9
LLC
2.36%,
10/25/2026
(i),(m)
91‌
89‌
PRPM
2024-2
LLC
7.03%,
03/25/2029
(i),(m)
99‌
99‌
Structured
Adjustable
Rate
Mortgage
Loan
Trust
5.75%,
07/25/2035
336‌
197‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.42%
Toorak
Mortgage
Trust
2024-RRTL1
6.60%,
02/25/2039
(i),(m)
260‌
260‌
VCAT
2021-NPL5
LLC
1.87%,
08/25/2051
(i),(m)
55‌
54‌
VCAT
2021-NPL6
LLC
1.92%,
09/25/2051
(i),(m)
60‌
58‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
77
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Mortgage
Backed
Securities
(continued)
VOLT
XCIII
LLC
4.89%,
02/27/2051
(i),(m)
$
110‌
$
108‌
VOLT
XCIV
LLC
5.24%,
02/27/2051
(i),(m)
36‌
36‌
VOLT
XCVI
LLC
5.12%,
03/27/2051
(i),(m)
64‌
63‌
$
2,615‌
Office
&
Business
Equipment
-
0.03%
CDW
LLC
/
CDW
Finance
Corp
3.25%,
02/15/2029
140‌
126‌
Oil
&
Gas
-
2.46%
Bellatrix
Exploration
PIK
-
Escrow
0.00%,
12/15/2023
(f),(g)
257‌
—‌
California
Resources
Corp
7.13%,
02/01/2026
(i)
665‌
668‌
Calumet
Specialty
Products
Partners
LP
/
Calumet
Finance
Corp
11.00%,
04/15/2025
(i)
1,404‌
1,405‌
Continental
Resources
Inc/OK
2.88%,
04/01/2032
(i)
135‌
109‌
5.75%,
01/15/2031
(i)
630‌
621‌
Cosan
Luxembourg
SA
7.25%,
06/27/2031
(i)
450‌
453‌
CrownRock
LP
/
CrownRock
Finance
Inc
5.63%,
10/15/2025
(i)
115‌
115‌
Ecopetrol
SA
8.38%,
01/19/2036
95‌
93‌
Energean
Israel
Finance
Ltd
5.38%,
03/30/2028
(i)
655‌
591‌
8.50%,
09/30/2033
(i)
490‌
481‌
EQT
Corp
3.63%,
05/15/2031
(i)
150‌
131‌
7.00%,
02/01/2030
10‌
11‌
Leviathan
Bond
Ltd
6.13%,
06/30/2025
(i)
80‌
78‌
6.50%,
06/30/2027
(i)
780‌
741‌
OGX
Austria
GmbH
0.00%,
06/01/2018
(f),(i)
600‌
—‌
0.00%,
04/01/2022
(f),(g),(i)
1,100‌
—‌
Ovintiv
Inc
6.50%,
08/15/2034
20‌
21‌
6.50%,
02/01/2038
10‌
10‌
6.63%,
08/15/2037
40‌
41‌
7.20%,
11/01/2031
5‌
5‌
7.38%,
11/01/2031
5‌
6‌
8.13%,
09/15/2030
25‌
28‌
Permian
Resources
Operating
LLC
8.00%,
04/15/2027
(i)
84‌
86‌
Petroleos
de
Venezuela
SA
0.00%,
05/16/2024
(f)
3,045‌
365‌
0.00%,
11/15/2026
(f)
350‌
42‌
Petroleos
Mexicanos
6.49%,
01/23/2027
400‌
380‌
6.50%,
03/13/2027
775‌
733‌
7.69%,
01/23/2050
875‌
637‌
Puma
International
Financing
SA
7.75%,
04/25/2029
(i)
725‌
735‌
Tengizchevroil
Finance
Co
International
Ltd
4.00%,
08/15/2026
1,200‌
1,143‌
Trident
Energy
Finance
PLC
12.50%,
11/30/2029
(i)
300‌
310‌
Viper
Energy
Inc
7.38%,
11/01/2031
(i)
60‌
62‌
$
10,101‌
Oil
&
Gas
Services
-
0.21%
Petroleum
Geo-Services
AS
13.50%,
03/31/2027
800‌
884‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Other
Asset
Backed
Securities
-
2.59%
37
Capital
Clo
4
Ltd
8.52%,
01/15/2034
(i)
$
250‌
$
251‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.15%
Accelerated
Assets
2018-1
LLC
4.51%,
12/02/2033
(i)
44‌
43‌
Affirm
Asset
Securitization
Trust
2023-B
6.82%,
09/15/2028
(i)
100‌
101‌
AGL
CLO
5
Ltd
7.59%,
07/20/2034
(i)
275‌
275‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.26%
AIM
Aviation
Finance
Ltd
5.07%,
02/15/2040
(i),(m)
675‌
154‌
American
Homes
4
Rent
2014-SFR3
Trust
6.42%,
12/17/2036
(i)
900‌
897‌
American
Homes
4
Rent
2015-SFR1
Trust
5.64%,
04/17/2052
(i)
1,045‌
1,036‌
Applebee's
Funding
LLC
/
IHOP
Funding
LLC
7.82%,
03/05/2053
(i)
150‌
155‌
Bain
Capital
Credit
CLO
2020-1
Ltd
2.35%,
04/18/2033
(i)
145‌
145‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.35%
BHG
Securitization
Trust
2023-B
7.45%,
12/17/2036
(i)
100‌
103‌
Blackbird
Capital
Aircraft
Lease
Securitization
Ltd
2016-1
4.21%,
12/16/2041
(i),(m)
106‌
105‌
CLI
Funding
VIII
LLC
1.64%,
02/18/2046
(i)
264‌
233‌
Domino's
Pizza
Master
Issuer
LLC
4.12%,
07/25/2047
(i)
498‌
474‌
Elevation
CLO
2017-6
Ltd
8.29%,
07/15/2029
(i)
250‌
249‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.96%
EWC
Master
Issuer
LLC
5.50%,
03/15/2052
(i)
98‌
93‌
Frontier
Issuer
LLC
6.60%,
08/20/2053
(i)
315‌
318‌
Golub
Capital
Partners
CLO
74
B
Ltd
0.00%,
07/25/2037
(f),(i),(o)
250‌
250‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.85%
Hilton
Grand
Vacations
Trust
2018-A
4.00%,
02/25/2032
(i)
16‌
15‌
Kestrel
Aircraft
Funding
Ltd
4.25%,
12/15/2038
(i)
186‌
173‌
KKR
CLO
Ltd
22
7.19%,
07/20/2031
(i)
250‌
250‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.86%
Labrador
Aviation
Finance
Ltd
2016-1A
4.30%,
01/15/2042
(i)
186‌
170‌
Madison
Park
Funding
LIII
Ltd
7.07%,
04/21/2035
(i)
250‌
250‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.75%
Madison
Park
Funding
LIX
Ltd
7.58%,
04/18/2037
(i)
260‌
260‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.25%
Madison
Park
Funding
XXXIV
Ltd
7.74%,
04/25/2032
(i)
255‌
256‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.41%
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
78
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Other
Asset
Backed
Securities
(continued)
Marlette
Funding
Trust
2023-4
8.15%,
12/15/2033
(i)
$
100‌
$
103‌
Merlin
Aviation
Holdings
DAC
4.50%,
12/15/2032
(i),(m)
21‌
20‌
Octagon
Investment
Partners
XXII
Ltd
7.49%,
01/22/2030
(i)
250‌
250‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.16%
OHA
Credit
Partners
XI
Ltd
7.52%,
04/20/2037
(i)
250‌
250‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.20%
OHA
Loan
Funding
2013-1
Ltd
7.67%,
04/23/2037
(i)
250‌
250‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.35%
Palmer
Square
BDC
CLO
1
Ltd
7.47%,
07/15/2037
(i)
250‌
250‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.15%
Palmer
Square
CLO
2024-2
LTD
0.00%,
07/20/2037
(f),(i),(o)
250‌
250‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.65%
Parallel
2017-1
Ltd
7.59%,
07/20/2029
(i)
305‌
304‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.26%
Park
Blue
CLO
2023-IV
Ltd
8.03%,
01/25/2037
(i)
250‌
252‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.70%
Planet
Fitness
Master
Issuer
LLC
3.86%,
12/05/2049
(i)
263‌
237‌
Post
CLO
2023-1
Ltd
7.27%,
04/20/2036
(i)
250‌
251‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.95%
Rockford
Tower
CLO
2018-1
Ltd
6.69%,
05/20/2031
(i)
175‌
175‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.36%
Rockford
Tower
CLO
2021-3
Ltd
7.34%,
10/20/2034
(i)
250‌
251‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.01%
SEB
Funding
LLC
7.39%,
04/30/2054
(i)
70‌
70‌
Sierra
Timeshare
2020-2
Receivables
Funding
LLC
3.51%,
07/20/2037
(i)
16‌
16‌
Sixth
Street
CLO
XXV
Ltd
0.00%,
07/24/2037
(f),(i),(o)
250‌
250‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.80%
Subway
Funding
LLC
6.03%,
07/30/2054
(i),(o)
215‌
215‌
Sunnova
Helios
X
Issuer
LLC
6.00%,
11/22/2049
(i)
110‌
89‌
Sunnova
Helios
XIII
Issuer
LLC
5.30%,
02/20/2051
(i)
96‌
92‌
Trinitas
CLO
XII
Ltd
7.32%,
04/25/2033
(i)
255‌
256‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.00%
VERDE
CLO
Ltd
6.69%,
04/15/2032
(i)
100‌
100‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.36%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Other
Asset
Backed
Securities
(continued)
WAVE
2017-1
Trust
3.84%,
11/15/2042
(i)
$
120‌
$
107‌
Wellfleet
CLO
2024-1
Ltd
0.00%,
07/18/2037
(f),(i),(o)
250‌
250‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.05%
Ziply
Fiber
Issuer
LLC
6.64%,
04/20/2054
(i)
95‌
96‌
$
10,640‌
Packaging
&
Containers
-
0.21%
Mauser
Packaging
Solutions
Holding
Co
9.25%,
04/15/2027
(i)
858‌
855‌
Pharmaceuticals
-
0.43%
Bausch
Health
Cos
Inc
4.88%,
06/01/2028
(i)
360‌
264‌
Eli
Lilly
&
Co
5.00%,
02/27/2026
185‌
185‌
Teva
Pharmaceutical
Finance
Netherlands
II
BV
4.38%,
05/09/2030
EUR
120‌
125‌
7.38%,
09/15/2029
110‌
132‌
7.88%,
09/15/2031
100‌
125‌
Teva
Pharmaceutical
Finance
Netherlands
III
BV
4.10%,
10/01/2046
$
1,055‌
712‌
7.88%,
09/15/2029
200‌
213‌
$
1,756‌
Pipelines
-
1.27%
Acu
Petroleo
Luxembourg
Sarl
7.50%,
07/13/2035
509‌
486‌
Cheniere
Energy
Inc
5.65%,
04/15/2034
(i)
40‌
40‌
Cheniere
Energy
Partners
LP
5.95%,
06/30/2033
65‌
66‌
Galaxy
Pipeline
Assets
Bidco
Ltd
2.16%,
03/31/2034
(i)
304‌
257‌
2.16%,
03/31/2034
952‌
805‌
Greensaif
Pipelines
Bidco
Sarl
6.13%,
02/23/2038
(i)
525‌
531‌
6.13%,
02/23/2038
450‌
454‌
Southern
Gas
Corridor
CJSC
6.88%,
03/24/2026
1,025‌
1,029‌
Summit
Midstream
Holdings
LLC
/
Summit
Midstream
Finance
Corp
9.50%,
10/15/2026
(i),(m)
532‌
546‌
Targa
Resources
Corp
6.13%,
03/15/2033
215‌
221‌
6.50%,
03/30/2034
275‌
290‌
Targa
Resources
Partners
LP
/
Targa
Resources
Partners
Finance
Corp
4.00%,
01/15/2032
50‌
45‌
Venture
Global
Calcasieu
Pass
LLC
3.88%,
11/01/2033
(i)
155‌
130‌
4.13%,
08/15/2031
(i)
90‌
79‌
Western
Midstream
Operating
LP
6.15%,
04/01/2033
135‌
137‌
6.35%,
01/15/2029
95‌
98‌
$
5,214‌
Real
Estate
-
0.10%
Agile
Group
Holdings
Ltd
0.00%,
10/13/2025
(f)
210‌
12‌
CFLD
Cayman
Investment
Ltd
0.00%,
01/31/2031
(f),(i)
109‌
3‌
0.00%,
01/31/2031
(f),(i)
90‌
3‌
0.00%,
01/31/2031
(f),(i)
12‌
—‌
China
Evergrande
Group
0.00%,
06/28/2025
(f)
200‌
3‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
79
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Real
Estate
(continued)
Country
Garden
Holdings
Co
Ltd
0.00%,
09/17/2025
(f)
$
200‌
$
16‌
0.00%,
02/06/2026
(f)
400‌
31‌
0.00%,
04/08/2026
(f)
250‌
20‌
Kaisa
Group
Holdings
Ltd
0.00%,
06/30/2024
(f)
400‌
12‌
0.00%,
04/16/2025
(f)
200‌
6‌
0.00%,
11/11/2025
(f)
200‌
6‌
0.00%,
06/01/2026
(f)
200‌
6‌
KWG
Group
Holdings
Ltd
0.00%,
02/13/2026
(f)
210‌
10‌
MAF
Global
Securities
Ltd
7.88%,
06/30/2027
(j),(k)
200‌
204‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.89%
Sunac
China
Holdings
Ltd
0.00%,
PIK
6.00%;
09/30/2025
(i),(m),(n)
18‌
3‌
0.00%,
PIK
6.25%;
09/30/2026
(i),(m),(n)
18‌
2‌
0.00%,
PIK
6.50%;
09/30/2027
(i),(m),(n)
36‌
4‌
0.00%,
PIK
6.75%;
09/30/2028
(i),(m),(n)
54‌
6‌
0.00%,
PIK
7.00%;
09/30/2029
(i),(m),(n)
54‌
5‌
0.00%,
PIK
7.25%;
09/30/2030
(i),(m),(n)
26‌
2‌
Times
China
Holdings
Ltd
0.00%,
03/22/2026
(f)
210‌
4‌
Yuzhou
Group
Holdings
Co
Ltd
0.00%,
08/12/2026
(f)
200‌
11‌
0.00%,
01/13/2027
(f)
400‌
23‌
Zhenro
Properties
Group
Ltd
0.00%,
01/07/2026
(f)
200‌
—‌
$
392‌
Regional
Authority
-
0.08%
Provincia
de
Buenos
Aires/Government
Bonds
6.37%,
09/01/2037
(m)
712‌
313‌
REITs
-
0.07%
GLP
Capital
LP
/
GLP
Financing
II
Inc
6.75%,
12/01/2033
35‌
36‌
National
Health
Investors
Inc
3.00%,
02/01/2031
35‌
29‌
VICI
Properties
LP
/
VICI
Note
Co
Inc
4.25%,
12/01/2026
(i)
125‌
120‌
4.50%,
09/01/2026
(i)
90‌
87‌
$
272‌
Retail
-
0.19%
1011778
BC
ULC
/
New
Red
Finance
Inc
4.00%,
10/15/2030
(i)
215‌
187‌
Lithia
Motors
Inc
3.88%,
06/01/2029
(i)
220‌
196‌
Lowe's
Cos
Inc
4.80%,
04/01/2026
400‌
397‌
SRS
Distribution
Inc
6.13%,
07/01/2029
(i)
17‌
17‌
$
797‌
Semiconductors
-
0.17%
Broadcom
Inc
3.14%,
11/15/2035
(i)
350‌
278‌
3.47%,
04/15/2034
(i)
145‌
122‌
Micron
Technology
Inc
5.88%,
02/09/2033
95‌
97‌
5.88%,
09/15/2033
185‌
190‌
$
687‌
Software
-
0.11%
Intuit
Inc
5.25%,
09/15/2026
410‌
412‌
Open
Text
Corp
6.90%,
12/01/2027
(i)
60‌
62‌
$
474‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Sovereign
-
9.12%
Angolan
Government
International
Bond
8.25%,
05/09/2028
$
1,050‌
$
988‌
Argentine
Republic
Government
International
Bond
0.75%,
07/09/2030
(m)
1,275‌
725‌
3.62%,
07/09/2035
(m)
1,900‌
834‌
4.25%,
01/09/2038
(m)
100‌
48‌
Brazil
Notas
do
Tesouro
Nacional
Serie
F
9.76%,
01/01/2027
BRL
17,650‌
3,292‌
9.76%,
01/01/2029
1,300‌
236‌
Colombia
Government
International
Bond
4.50%,
03/15/2029
$
1,225‌
1,108‌
7.50%,
02/02/2034
400‌
396‌
8.00%,
11/14/2035
200‌
204‌
Colombian
TES
6.00%,
04/28/2028
COP
7,324,000‌
1,648‌
Dominican
Republic
International
Bond
4.50%,
01/30/2030
$
700‌
636‌
Ecuador
Government
International
Bond
3.50%,
07/31/2035
(m)
1,500‌
767‌
6.00%,
07/31/2030
(m)
1,850‌
1,240‌
Egypt
Government
International
Bond
5.80%,
09/30/2027
1,100‌
1,009‌
7.50%,
01/31/2027
250‌
244‌
8.15%,
11/20/2059
225‌
169‌
8.50%,
01/31/2047
450‌
350‌
Gabon
Government
International
Bond
6.63%,
02/06/2031
600‌
476‌
Guatemala
Government
Bond
5.25%,
08/10/2029
425‌
405‌
7.05%,
10/04/2032
275‌
285‌
Indonesia
Treasury
Bond
6.38%,
08/15/2028
IDR
13,800,000‌
835‌
6.50%,
02/15/2031
3,400,000‌
204‌
6.63%,
02/15/2034
3,200,000‌
193‌
6.88%,
04/15/2029
12,503,000‌
769‌
Iraq
International
Bond
5.80%,
01/15/2028
$
925‌
875‌
Israel
Government
International
Bond
5.50%,
03/12/2034
1,550‌
1,484‌
Ivory
Coast
Government
International
Bond
4.88%,
01/30/2032
EUR
200‌
184‌
4.88%,
01/30/2032
(i)
600‌
551‌
Mexican
Bonos
7.00%,
09/03/2026
MXN
39,300‌
2,160‌
7.50%,
05/26/2033
3,307‌
168‌
7.75%,
11/23/2034
14,629‌
747‌
Mexico
Government
International
Bond
6.35%,
02/09/2035
$
325‌
328‌
New
Zealand
Government
Bond
3.50%,
04/14/2033
NZD
340‌
190‌
Nigeria
Government
International
Bond
6.13%,
09/28/2028
$
900‌
799‌
7.14%,
02/23/2030
200‌
176‌
Norway
Government
Bond
1.75%,
03/13/2025
(i)
NOK
1,985‌
185‌
Peru
Government
Bond
5.40%,
08/12/2034
PEN
3,575‌
843‌
6.15%,
08/12/2032
4,525‌
1,167‌
Peruvian
Government
International
Bond
6.90%,
08/12/2037
2,700‌
698‌
Philippine
Government
International
Bond
2.65%,
12/10/2045
$
200‌
127‌
Republic
of
Poland
Government
International
Bond
5.13%,
09/18/2034
425‌
413‌
5.50%,
03/18/2054
1,090‌
1,044‌
Republic
of
South
Africa
Government
Bond
8.88%,
02/28/2035
ZAR
18,515‌
786‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
80
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Sovereign
(continued)
Republic
of
Uzbekistan
International
Bond
6.90%,
02/28/2032
(i)
$
300‌
$
293‌
Romanian
Government
International
Bond
5.25%,
05/30/2032
(i)
EUR
450‌
479‌
6.38%,
01/30/2034
(i)
$
1,072‌
1,068‌
Saudi
Government
International
Bond
5.75%,
01/16/2054
(i)
475‌
458‌
Slovenia
Government
International
Bond
5.00%,
09/19/2033
850‌
831‌
State
Agency
of
Roads
of
Ukraine
0.00%,
06/24/2030
(f),(i)
700‌
192‌
0.00%,
06/24/2030
(f)
400‌
110‌
Tunisian
Republic
6.38%,
07/15/2026
EUR
950‌
868‌
Turkiye
Government
Bond
37.00%,
02/18/2026
TRY
39,300‌
1,199‌
Turkiye
Government
International
Bond
5.88%,
05/21/2030
EUR
130‌
142‌
Ukraine
Government
International
Bond
0.00%,
09/01/2029
(f)
$
1,650‌
472‌
0.00%,
08/01/2041
(f),(m)
550‌
284‌
United
Kingdom
Gilt
0.25%,
01/31/2025
GBP
150‌
186‌
Uruguay
Government
International
Bond
8.25%,
05/21/2031
UYU
3,760‌
92‌
Zambia
Government
International
Bond
0.00%,
04/14/2024
(f)
$
600‌
458‌
0.00%,
07/30/2027
(f)
500‌
381‌
$
37,499‌
Student
Loan
Asset
Backed
Securities
-
0.34%
College
Ave
Student
Loans
2021-A
LLC
4.12%,
07/25/2051
(i)
59‌
53‌
Navient
Private
Education
Refi
Loan
Trust
2018-A
3.68%,
02/18/2042
(i)
109‌
103‌
Navient
Private
Education
Refi
Loan
Trust
2018-C
4.22%,
06/16/2042
(i)
340‌
323‌
Navient
Private
Education
Refi
Loan
Trust
2020-F
2.69%,
07/15/2069
(i)
100‌
78‌
Nelnet
Student
Loan
Trust
2021-D
2.90%,
04/20/2062
(i)
100‌
83‌
SLM
Private
Credit
Student
Loan
Trust
2003-A
1.96%,
06/15/2032
50‌
50‌
1.00
x
US
28
Day
Auction
Rate
+
0.00%
SLM
Private
Credit
Student
Loan
Trust
2003-B
1.96%,
03/15/2033
250‌
250‌
1.00
x
US
28
Day
Auction
Rate
+
0.00%
SMB
Private
Education
Loan
Trust
2015-C
3.50%,
09/15/2043
(i)
60‌
59‌
SMB
Private
Education
Loan
Trust
2018-C
4.00%,
11/17/2042
(i)
100‌
92‌
SMB
Private
Education
Loan
Trust
2024-A
5.88%,
03/15/2056
(i)
100‌
99‌
6.22%,
03/15/2056
(i)
100‌
99‌
SoFi
Professional
Loan
Program
2020-ATrust
3.12%,
05/15/2046
(i)
160‌
131‌
$
1,420‌
Supranational
Bank
-
0.50%
Asian
Development
Bank
6.72%,
02/08/2028
INR
25,500‌
303‌
European
Bank
for
Reconstruction
&
Development
6.30%,
10/26/2027
60,000‌
701‌
Inter-American
Development
Bank
5.70%,
11/12/2024
22,000‌
261‌
7.00%,
01/25/2029
15,000‌
176‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Supranational
Bank
(continued)
International
Bank
for
Reconstruction
&
Development
6.85%,
04/24/2028
INR
24,000‌
$
285‌
7.05%,
07/22/2029
27,500‌
332‌
$
2,058‌
Telecommunications
-
0.19%
CommScope
Inc
4.75%,
09/01/2029
(i)
$
40‌
29‌
7.13%,
07/01/2028
(i)
170‌
68‌
CommScope
Technologies
LLC
5.00%,
03/15/2027
(i)
120‌
49‌
Connect
Finco
SARL
/
Connect
US
Finco
LLC
6.75%,
10/01/2026
(i)
468‌
442‌
Motorola
Solutions
Inc
5.40%,
04/15/2034
200‌
198‌
$
786‌
Transportation
-
0.04%
Rand
Parent
LLC
8.50%,
02/15/2030
(i)
170‌
166‌
Water
-
0.10%
Aegea
Finance
Sarl
9.00%,
01/20/2031
(i)
400‌
415‌
TOTAL
BONDS
$
129,691‌
CONVERTIBLE
BONDS
-
1.23%
Principal
Amount
(000's)
Value
(000's)
Airlines
-
0.07%
Southwest
Airlines
Co
1.25%,
05/01/2025
$
280‌
$
276‌
Biotechnology
-
0.25%
BioMarin
Pharmaceutical
Inc
0.60%,
08/01/2024
80‌
79‌
1.25%,
05/15/2027
505‌
473‌
Cerevel
Therapeutics
Holdings
Inc
2.50%,
08/15/2027
(i)
425‌
467‌
$
1,019‌
Commercial
Services
-
0.01%
Shift4
Payments
Inc
0.00%,
12/15/2025
(f)
15‌
16‌
0.50%,
08/01/2027
25‌
23‌
$
39‌
Computers
-
0.00%
Zscaler
Inc
0.13%,
07/01/2025
20‌
25‌
Electric
-
0.27%
Encavis
Finance
BV
1.88%,
11/24/2027
(j),(k)
EUR
1,000‌
1,030‌
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
10.00%
Evergy
Inc
4.50%,
12/15/2027
(i)
$
35‌
36‌
NRG
Energy
Inc
2.75%,
06/01/2048
25‌
50‌
$
1,116‌
Healthcare
-
Products
-
0.11%
Shockwave
Medical
Inc
1.00%,
08/15/2028
(i)
342‌
440‌
Healthcare
-
Services
-
0.06%
Teladoc
Health
Inc
1.25%,
06/01/2027
285‌
238‌
Internet
-
0.18%
Booking
Holdings
Inc
0.75%,
05/01/2025
20‌
40‌
Etsy
Inc
0.13%,
09/01/2027
65‌
53‌
0.25%,
06/15/2028
160‌
125‌
Palo
Alto
Networks
Inc
0.38%,
06/01/2025
10‌
30‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
81
CONVERTIBLE
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Internet
(continued)
Spotify
USA
Inc
0.00%,
03/15/2026
(f)
$
105‌
$
98‌
TechTarget
Inc
0.00%,
12/15/2026
(f)
354‌
339‌
Uber
Technologies
Inc
0.88%,
12/01/2028
(i)
45‌
50‌
$
735‌
Leisure
Products
&
Services
-
0.05%
Carnival
Corp
5.75%,
12/01/2027
125‌
176‌
Royal
Caribbean
Cruises
Ltd
6.00%,
08/15/2025
15‌
45‌
$
221‌
Media
-
0.16%
DISH
Network
Corp
0.00%,
12/15/2025
(f)
90‌
69‌
3.38%,
08/15/2026
885‌
566‌
Liberty
Media
Corp-Liberty
Formula
One
2.25%,
08/15/2027
35‌
38‌
$
673‌
Real
Estate
-
0.00%
Sunac
China
Holdings
Ltd
1.00%,
PIK
0.00%;
09/30/2032
(i),(m),(n)
22‌
1‌
Semiconductors
-
0.02%
ON
Semiconductor
Corp
0.50%,
03/01/2029
75‌
74‌
Software
-
0.05%
Datadog
Inc
0.13%,
06/15/2025
20‌
26‌
Nutanix
Inc
0.25%,
10/01/2027
25‌
28‌
Unity
Software
Inc
0.00%,
11/15/2026
(f)
175‌
150‌
$
204‌
TOTAL
CONVERTIBLE
BONDS
$
5,061‌
SENIOR
FLOATING
RATE
INTERESTS
-
0.42%
Principal
Amount
(000's)
Value
(000's)
Building
Materials
-
0.02%
Summit
Materials
LLC
7.80%,
11/30/2028
(p)
$
76‌
$
77‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Commercial
Services
-
0.08%
Boost
Newco
Borrower
LLC
8.31%,
01/31/2031
(p)
343‌
344‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Entertainment
-
0.00%
Deluxe
Entertainment
Services
Group
Inc
0.00%,
PIK
1.50%,
03/25/2024
(f),(g),(n),(p)
67‌
1‌
Deluxe
Entertainment
Services
Group
Inc
-
Escrow
0.00%,
PIK
2.50%,
09/25/2024
(f),(g),(n),(p)
881‌
—‌
Light
&
Wonder
International
Inc
8.07%,
04/14/2029
(p)
16‌
16‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
$
17‌
Healthcare
-
Products
-
0.03%
Bausch
+
Lomb
Corp
9.31%,
09/14/2028
(p)
124‌
124‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
Healthcare
-
Services
-
0.05%
Star
Parent
Inc
9.31%,
09/27/2030
(p)
185‌
185‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Insurance
-
0.04%
AmWINS
Group
Inc
7.69%,
02/21/2028
(p)
$
16‌
$
16‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
HUB
International
Ltd
8.57%,
06/20/2030
(p)
60‌
60‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Truist
Insurance
Holdings
LLC
8.59%,
03/24/2031
(p)
99‌
100‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
$
176‌
Internet
-
0.06%
MH
Sub
I
LLC
9.57%,
04/24/2028
(p)
76‌
75‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
Uber
Technologies
Inc
8.08%,
03/03/2030
(p)
150‌
151‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.75%
$
226‌
Leisure
Products
&
Services
-
0.06%
Carnival
Corp
8.07%,
08/08/2027
(p)
86‌
87‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
8.08%,
10/18/2028
(p)
141‌
142‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
$
229‌
Lodging
-
0.02%
Hilton
Grand
Vacations
Borrower
LLC
8.07%,
01/10/2031
(p)
100‌
100‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Retail
-
0.04%
1011778
BC
ULC
7.59%,
09/20/2030
(p)
110‌
110‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Foundation
Building
Materials
Inc
9.33%,
01/24/2031
(p)
38‌
38‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
$
148‌
Software
-
0.01%
Open
Text
Corp
8.15%,
01/31/2030
(p)
48‌
49‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Transportation
-
0.01%
Rand
Parent
LLC
9.56%,
02/08/2030
(p)
50‌
50‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
TOTAL
SENIOR
FLOATING
RATE
INTERESTS
$
1,725‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
-
2.36%
Principal
Amount
(000's)
Value
(000's)
U.S.
Treasury
-
2.36%
4.25%,
12/31/2024
$
1,640‌
$
1,630‌
4.25%,
01/31/2026
3,225‌
3,188‌
4.50%,
03/31/2026
(q)
3,570‌
3,544‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
82
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
U.S.
Treasury
(continued)
4.88%,
05/31/2026
$
1,360‌
$
1,360‌
$
9,722‌
TOTAL
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
$
9,722‌
TOTAL
PURCHASED
OPTIONS
-
0.06%
$
263‌
Total
Investments
$
389,010‌
Other
Assets
and
Liabilities
-  5.43%
22,314‌
TOTAL
NET
ASSETS
-
100.00%
$
411,324‌
(a)
All
or
a
portion
of
this
security
is
owned
by
the
GMS
Cayman
Corporation,
which
is
a
100%
owned
subsidiary
of
the
fund.
(b)
1-day
yield
shown
is
as
of
period
end.
(c)
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
$20,320
or
4.94%
of
net
assets.
(d)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(e)
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
$42,468
or
10.32%
of
net
assets.
(f)
Non-income
producing
security
(g)
The
value
of
these
investments
was
determined
using
significant
unobservable
inputs,
in
good
faith
by
the
Manager,
under
procedures
established
and
periodically
reviewed
by
the
Board
of
Directors.
(h)
Restricted
Security.
Please
see
Restricted
Securities
sub-schedule
for
additional
information.
(i)
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
$60,194
or
14.63%
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.
Date
shown,
if
any,
reflects
the
next
call
date
or
final
legal
maturity
date.
Rate
shown
is
as
of
period
end.
(k)
Rate
shown
is
as
of
period
end.
The
rate
may
be
a
variable
or
floating
rate
or
a
fixed
rate
which
may
convert
to
a
variable
or
floating
rate
in
the
future.
(l)
Security
is
a
contingent
convertible
security,
("CoCo").
CoCo's
are
hybrid
debt
securities
that
may
convert
to
equity
or
have
their
principal
written
down
upon
occurrence
of
certain
"triggers".
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$1,536
or
0.37%
of
net
assets.
(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.
Rate
shown
is
the
rate
in
effect
as
of
period
end.
(n)
Payment
in
kind;
the
issuer
has
the
option
of
paying
additional
securities
in
lieu
of
cash.
(o)
Security
purchased
on
a
when-issued
basis.
(p)
Rate
information
disclosed
is
based
on
an
average
weighted
rate
of
the
underlying
tranches
as
of
period
end.
(q)
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
$2,348
or
0.57%
of
net
assets.
Portfolio
Summary
Location
Percent
United
States
68.41‌%
Mexico
2.18‌%
Cayman
Islands
1.65‌%
United
Kingdom
1.60‌%
Japan
1.28‌%
Netherlands
1.23‌%
Luxembourg
1.14‌%
Brazil
1.05‌%
Canada
1.04‌%
Israel
0.94‌%
Colombia
0.84‌%
Switzerland
0.68‌%
Peru
0.66‌%
Supranational
0.61‌%
Romania
0.60‌%
Bermuda
0.56‌%
Ecuador
0.49‌%
Indonesia
0.49‌%
Sweden
0.47‌%
Argentina
0.47‌%
Ireland
0.44‌%
Egypt
0.44‌%
Turkey
0.43‌%
Jersey,
Channel
Islands
0.39‌%
Poland
0.35‌%
Taiwan
0.34‌%
France
0.30‌%
Czech
Republic
0.29‌%
Ukraine
0.28‌%
Norway
0.27‌%
Australia
0.27‌%
Azerbaijan
0.25‌%
Angola
0.24‌%
Nigeria
0.23‌%
Mauritius
0.21‌%
Tunisia
0.21‌%
Iraq
0.21‌%
Zambia
0.20‌%
Slovenia
0.20‌%
Denmark
0.19‌%
South
Africa
0.19‌%
Panama
0.18‌%
Guatemala
0.17‌%
Cote
d'Ivoire
0.17‌%
Dominican
Republic
0.15‌%
Germany
0.15‌%
Spain
0.15‌%
Chile
0.14‌%
Gabon
0.12‌%
Hong
Kong
0.11‌%
Saudi
Arabia
0.11‌%
Venezuela
0.10‌%
Italy
0.10‌%
Singapore
0.10‌%
Finland
0.10‌%
Liberia
0.09‌%
Uzbekistan
0.07‌%
Purchased
Options
0.06‌%
New
Zealand
0.06‌%
Uruguay
0.04‌%
Philippines
0.03‌%
Puerto
Rico
0.01‌%
Malaysia
0.01‌%
Belgium
0.01‌%
Portugal
0.01‌%
Korea,
Republic
Of
0.01‌%
Thailand
0.00‌%
Austria
0.00‌%
Investments
Sold
Short
(4.54‌)%
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
83
Portfolio
Summary
(continued)
Location
Percent
Other
Assets
and
Liabilities
9.97‌%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
August
31,
2023
Purchases
Sales
May
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
$
85,033‌
$
306,710‌
$
320,260‌
$
71,483‌
$
85,033‌
$
306,710‌
$
320,260‌
$
71,483‌
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
$
3,152‌
$
—‌
$
—‌
$
—‌
$
3,152‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
Restricted
Securities
Security
Name
Acquisition
Date
Cost
Value
Percent
of
Net
Assets
Element
Comm
Aviation
06/15/2015
$
2,800‌
$
—‌
0.00%
Total
$
—‌
0.00%
Amounts
in
thousands.
Options
Purchased
Options
Outstanding
Counterparty
Contracts/
Shares
Notional
Amount
Exercise
Price
Expiration
Date
Upfront
Payments
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Put
-
Ball
Corp
N/A
101‌
$
10‌
$
65.00‌
07/22/2024
$
7‌
$
7‌
$
—‌
Put
-
Ball
Corp
N/A
42‌
4‌
$
60.00‌
08/19/2024
3‌
2‌
(1‌)
Put
-
Baxter
International
Inc
N/A
325‌
33‌
$
32.50‌
06/24/2024
8‌
7‌
(1‌)
Put
-
Baxter
International
Inc
N/A
83‌
8‌
$
30.00‌
06/24/2024
1‌
1‌
—‌
Put
-
BioMarin
Pharmaceutical
Inc
N/A
34‌
3‌
$
80.00‌
06/24/2024
5‌
19‌
14‌
Put
-
Carrier
Global
Corp
N/A
257‌
26‌
$
45.00‌
06/24/2024
9‌
—‌
(9‌)
Put
-
Carrier
Global
Corp
N/A
67‌
7‌
$
47.50‌
06/24/2024
3‌
—‌
(3‌)
Put
-
Catalent
Inc
N/A
32‌
3‌
$
47.50‌
06/24/2024
1‌
—‌
(1‌)
Put
-
Cerevel
Therapeutics
Holdings
N/A
37‌
4‌
$
35.00‌
12/23/2024
5‌
4‌
(1‌)
Put
-
Crown
Castle
International
Corp
N/A
31‌
3‌
$
90.00‌
07/22/2024
4‌
2‌
(2‌)
Put
-
Crown
Castle
International
Corp
N/A
62‌
6‌
$
90.00‌
06/24/2024
17‌
1‌
(16‌)
Put
-
DuPont
De
Nemours
Inc
N/A
39‌
4‌
$
65.00‌
09/23/2024
2‌
1‌
(1‌)
Put
-
Etsy
Inc
N/A
103‌
10‌
$
55.00‌
07/22/2024
8‌
6‌
(2‌)
Put
-
Etsy
Inc
N/A
41‌
4‌
$
60.00‌
06/24/2024
14‌
3‌
(11‌)
Put
-
S&P
500
Index
N/A
7‌
1‌
$
4,400.00‌
06/24/2024
47‌
1‌
(46‌)
Put
-
S&P
500
Index
N/A
4‌
—‌
$
5,000.00‌
08/19/2024
23‌
13‌
(10‌)
Put
-
S&P
500
Index
N/A
7‌
1‌
$
4,825.00‌
09/23/2024
48‌
22‌
(26‌)
Put
-
S&P
500
Index
N/A
7‌
1‌
$
4,700.00‌
07/22/2024
35‌
5‌
(30‌)
Put
-
S&P
500
Index
N/A
3‌
—‌
$
4,925.00‌
06/24/2024
15‌
1‌
(14‌)
Put
-
S&P
500
Index
Weekly
N/A
3‌
—‌
$
5,025.00‌
07/01/2024
11‌
3‌
(8‌)
Put
-
Siemens
AG
N/A
16‌
EUR
2‌
EUR
160.00‌
07/22/2024
3‌
2‌
(1‌)
Put
-
Silicon
Motion
Technology
Corp
N/A
170‌
$
17‌
$
60.00‌
06/24/2024
14‌
—‌
(14‌)
Put
-
SPDR
S&P
500
ETF
TRUST
N/A
86‌
9‌
$
525.00‌
06/24/2024
41‌
37‌
(4‌)
Put
-
SPDR
S&P
Retail
ETF
N/A
21‌
2‌
$
70.00‌
06/24/2024
4‌
—‌
(4‌)
Put
-
Vale
SA
N/A
450‌
45‌
$
11.00‌
06/24/2024
13‌
2‌
(11‌)
Put
-
Vale
SA
N/A
133‌
13‌
$
12.00‌
06/24/2024
7‌
3‌
(4‌)
Put
-
Vale
SA
N/A
201‌
20‌
$
11.00‌
07/22/2024
1‌
2‌
1‌
Put
-
Vale
SA
N/A
144‌
14‌
$
12.00‌
07/22/2024
5‌
6‌
1‌
Put
-
US
5
Year
Note
Future;
September
2024
N/A
139‌
139‌
$
105.75‌
08/26/2024
118‌
112‌
(6‌)
Put
-
US
5
Year
Note
Future;
September
2024
N/A
139‌
139‌
$
99.00‌
08/26/2024
1‌
1‌
—‌
Total
$
473‌
$
263‌
$
(210‌)
Written
Options
Outstanding
Counterparty
Contracts/
Shares
Notional
Amount
Exercise
Price
Expiration
Date
Upfront
Receipts
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Call
-
AbbVie
Inc
N/A
1‌
$
—‌
$
170.00‌
06/24/2024
$
—‌
$
—‌
$
—‌
Call
-
Apartment
Income
Co
REIT
N/A
2‌
—‌
$
40.00‌
11/18/2024
—‌
—‌
—‌
Call
-
Ball
Corp
N/A
42‌
4‌
$
65.00‌
08/19/2024
(18‌)
(27‌)
(9‌)
Call
-
Ball
Corp
N/A
101‌
10‌
$
70.00‌
07/22/2024
(25‌)
(20‌)
5‌
Call
-
Baxter
International
Inc
N/A
242‌
24‌
$
37.50‌
06/24/2024
(4‌)
(3‌)
1‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
84
Options
(continued)
Written
Options
Outstanding
Counterparty
Contracts/
Shares
Notional
Amount
Exercise
Price
Expiration
Date
Upfront
Receipts
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Call
-
Baxter
International
Inc
N/A
83‌
$
8‌
$
35.00‌
06/24/2024
$
(8‌)
$
(4‌)
$
4‌
Call
-
BioMarin
Pharmaceutical
Inc
N/A
34‌
3‌
$
85.00‌
06/24/2024
(30‌)
(1‌)
29‌
Call
-
Bristol-Myers
Squibb
Co
N/A
4‌
—‌
$
48.00‌
06/24/2024
—‌
—‌
—‌
Call
-
Carrier
Global
Corp
N/A
324‌
32‌
$
52.50‌
06/24/2024
(213‌)
(354‌)
(141‌)
Call
-
Catalent
Inc
N/A
41‌
4‌
$
60.00‌
06/24/2024
(2‌)
—‌
2‌
Call
-
Cerevel
Therapeutics
Holdings
N/A
27‌
3‌
$
45.00‌
12/23/2024
(1‌)
(2‌)
(1‌)
Call
-
Cerevel
Therapeutics
Holdings
N/A
1‌
—‌
$
45.00‌
08/19/2024
—‌
—‌
—‌
Call
-
CISCO
SYSTEMS
N/A
2‌
—‌
$
50.00‌
06/24/2024
—‌
—‌
—‌
Call
-
Comcast
Corp
-
Class
A
N/A
3‌
—‌
$
40.00‌
06/24/2024
—‌
—‌
—‌
Call
-
Crescent
Energy
Co
N/A
29‌
3‌
$
12.50‌
09/23/2024
(2‌)
(4‌)
(2‌)
Call
-
Crown
Castle
International
Corp
N/A
31‌
3‌
$
95.00‌
07/22/2024
(18‌)
(26‌)
(8‌)
Call
-
Crown
Castle
International
Corp
N/A
62‌
6‌
$
97.50‌
06/24/2024
(18‌)
(35‌)
(17‌)
Call
-
DuPont
De
Nemours
Inc
N/A
77‌
8‌
$
75.00‌
09/23/2024
(43‌)
(70‌)
(27‌)
Call
-
Endeavor
Group
Hold-Class
A
N/A
155‌
16‌
$
27.00‌
11/18/2024
(6‌)
(10‌)
(4‌)
Call
-
Endeavor
Group
Hold-Class
A
N/A
351‌
35‌
$
27.00‌
08/19/2024
(5‌)
(8‌)
(3‌)
Call
-
Etsy
Inc
N/A
103‌
10‌
$
60.00‌
07/22/2024
(59‌)
(57‌)
2‌
Call
-
Etsy
Inc
N/A
41‌
4‌
$
65.00‌
06/24/2024
(62‌)
(7‌)
55‌
Call
-
Hashicorp
Inc
N/A
63‌
6‌
$
35.00‌
07/22/2024
(1‌)
(1‌)
—‌
Call
-
Liberty
Media
Corp
-
Class
A
N/A
150‌
15‌
$
22.50‌
07/22/2024
(45‌)
(20‌)
25‌
Call
-
Liberty
Media
Corp
-
Class
A
N/A
95‌
10‌
$
25.00‌
06/24/2024
(11‌)
(2‌)
9‌
Call
-
Merck
&
Co
Inc
N/A
1‌
—‌
$
135.00‌
06/24/2024
—‌
—‌
—‌
Call
-
Microchip
Technology
Inc
N/A
1‌
—‌
$
100.00‌
06/24/2024
—‌
—‌
—‌
Call
-
Nuvei
Corporation
N/A
67‌
7‌
$
35.00‌
09/23/2024
(1‌)
(5‌)
(4‌)
Call
-
Nuvei
Corporation
N/A
4‌
—‌
$
32.50‌
06/24/2024
—‌
—‌
—‌
Call
-
QUALCOMM
Inc
N/A
1‌
—‌
$
185.00‌
06/24/2024
—‌
(2‌)
(2‌)
Call
-
Shockwave
Medical
Inc
N/A
11‌
1‌
$
340.00‌
06/24/2024
(1‌)
—‌
1‌
Call
-
Siemens
AG
N/A
16‌
EUR
2‌
EUR
170.00‌
07/22/2024
(14‌)
(16‌)
(2‌)
Call
-
Silicon
Motion
Technology
Corp
N/A
170‌
$
17‌
$
67.50‌
06/24/2024
(112‌)
(185‌)
(73‌)
Call
-
SPDR
S&P
500
ETF
TRUST
N/A
9‌
1‌
$
532.00‌
06/24/2024
(6‌)
(4‌)
2‌
Call
-
SPDR
S&P
500
ETF
TRUST
N/A
16‌
2‌
$
525.00‌
06/24/2024
(13‌)
(13‌)
—‌
Call
-
Vale
SA
N/A
275‌
28‌
$
13.00‌
07/22/2024
(13‌)
(5‌)
8‌
Call
-
Vale
SA
N/A
201‌
20‌
$
12.00‌
07/22/2024
(21‌)
(11‌)
10‌
Call
-
Vale
SA
N/A
47‌
5‌
$
13.00‌
06/24/2024
(1‌)
—‌
1‌
Call
-
Vizio
Holding
Corp
N/A
123‌
12‌
$
11.00‌
08/19/2024
(2‌)
(3‌)
(1‌)
Call
-
Walmart
Inc
N/A
1‌
—‌
$
61.67‌
06/24/2024
—‌
—‌
—‌
Put
-
S&P
500
Index
N/A
7‌
1‌
$
4,325.00‌
09/23/2024
(21‌)
(9‌)
12‌
Put
-
S&P
500
Index
N/A
7‌
1‌
$
4,250.00‌
07/22/2024
(14‌)
(2‌)
12‌
Put
-
S&P
500
Index
N/A
7‌
1‌
$
3,975.00‌
06/24/2024
(19‌)
—‌
19‌
Put
-
SPDR
S&P
500
ETF
TRUST
N/A
82‌
8‌
$
510.00‌
06/24/2024
(15‌)
(11‌)
4‌
Put
-
SPDR
S&P
Retail
ETF
N/A
21‌
2‌
$
63.00‌
06/24/2024
(1‌)
—‌
1‌
Put
-
US
5
Year
Note
Future;
September
2024
N/A
278‌
278‌
$
104.75‌
08/26/2024
(123‌)
(113‌)
10‌
Total
$
(948‌)
$
(1,030‌)
$
(82‌)
Amounts
in
thousands
except
contracts/shares.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
3
Month
Secured
Overnight
Financing
Rate;
June
2025
Short
372‌
$
88,769‌
$
173‌
Australia
10
Year
Bond;
June
2024
Short
33‌
2,474‌
(6‌)
Brent
Crude;
August
2024
(a)
Long
4‌
324‌
(12‌)
CAC40
Index;
June
2024
Long
36‌
3,123‌
(60‌)
Canada
10
Year
Bond;
September
2024
Short
36‌
3,140‌
3‌
Cocoa;
July
2024
(a)
Long
1‌
95‌
(2‌)
Cocoa;
September
2024
(a)
Long
3‌
264‌
2‌
Coffee
'C';
July
2024
(a)
Long
20‌
1,668‌
123‌
Corn;
July
2024
(a)
Short
91‌
2,030‌
4‌
Cotton
No.2;
July
2024
(a)
Short
7‌
267‌
11‌
DAX
Index;
June
2024
Long
20‌
10,053‌
(24‌)
DJ
Euro
Stoxx
50;
June
2024
Short
7‌
379‌
(8‌)
DJ
Euro
Stoxx
50;
June
2024
Long
183‌
9,896‌
(34‌)
Dollar
Index;
June
2024
Long
14‌
1,465‌
26‌
E-Mini
DJIA
Index;
June
2024
Long
33‌
6,401‌
(65‌)
Euribor;
June
2025
Short
186‌
48,883‌
156‌
Euro
Bond
10
Year
Bond;
September
2024
Short
62‌
8,744‌
(12‌)
Euro
Schatz;
September
2024
Short
279‌
31,859‌
(13‌)
Euro-Bobl
5
Year;
September
2024
Short
124‌
15,525‌
(14‌)
FTSE100
Index;
June
2024
Short
5‌
528‌
(39‌)
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
85
Futures
Contracts
(continued)
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
FTSE100
Index;
June
2024
Long
94‌
$
9,925‌
$
192‌
Gasoline
RBOB;
July
2024
(a)
Short
6‌
609‌
9‌
Gold
100
oz;
August
2024
(a)
Long
24‌
5,630‌
(63‌)
Hang
Seng
Index;
June
2024
Long
9‌
1,036‌
(40‌)
ICE
3
Month
Sterling
Overnight
Index
Average;
June
2025
Short
20‌
6,084‌
(1‌)
Japan
10
Year
Bond
TSE;
June
2024
Short
3‌
2,728‌
17‌
Japan
Topix
Index;
June
2024
Long
27‌
4,759‌
90‌
KC
HRW
Wheat;
July
2024
(a)
Short
6‌
213‌
(44‌)
LME
Copper;
June
2024
(a)
Short
—‌
—‌
268‌
LME
Copper;
September
2024
(a)
Long
12‌
3,021‌
23‌
LME
PRI
Alum;
June
2024
(a)
Short
—‌
—‌
30‌
LME
PRI
Alum;
September
2024
(a)
Long
13‌
866‌
36‌
LME
Zinc;
June
2024
(a)
Short
—‌
—‌
11‌
LME
Zinc;
September
2024
(a)
Long
9‌
670‌
10‌
Low
Sulphur
Gasoline;
July
2024
(a)
Short
3‌
220‌
2‌
Mini
Japan
10
Year
Bond;
June
2024
Short
16‌
1,455‌
3‌
Nasdaq
100
E-Mini;
June
2024
Long
18‌
6,693‌
69‌
Natural
Gas;
July
2024
(a)
Short
12‌
310‌
8‌
Nikkei
225
OSE;
June
2024
Long
16‌
3,916‌
(57‌)
NY
Harb
ULSD;
July
2024
(a)
Short
12‌
1,202‌
33‌
Russell
2000
Emini;
June
2024
Short
89‌
9,237‌
148‌
Russell
2000
Emini;
June
2024
Long
27‌
2,802‌
(1‌)
S&P
500
Emini;
June
2024
Short
15‌
3,972‌
(66‌)
S&P
500
Emini;
June
2024
Long
32‌
8,473‌
77‌
S&P/TSX
60
Index;
June
2024
Short
2‌
392‌
(5‌)
Silver;
July
2024
(a)
Long
24‌
3,653‌
204‌
Soybean
Meal;
July
2024
(a)
Short
1‌
36‌
(3‌)
Soybean
Oil;
July
2024
(a)
Short
20‌
546‌
24‌
Soybean;
July
2024
(a)
Short
41‌
2,470‌
(44‌)
Sugar
#11;
July
2024
(a)
Short
45‌
922‌
64‌
UK
10
Year
Gilt;
September
2024
Short
6‌
736‌
(4‌)
US
10
Year
Note;
September
2024
Long
85‌
9,248‌
3‌
US
10
Year
Note;
September
2024
Short
74‌
8,051‌
8‌
US
10
Year
Ultra
Note;
September
2024
Short
50‌
5,602‌
15‌
US
2
Year
Note;
September
2024
Long
277‌
56,426‌
53‌
US
2
Year
Note;
September
2024
Short
217‌
44,204‌
(15‌)
US
5
Year
Note;
September
2024
Long
66‌
6,983‌
—‌
US
5
Year
Note;
September
2024
Short
154‌
16,293‌
—‌
US
Long
Bond;
September
2024
Short
35‌
4,062‌
9‌
US
Ultra
Bond;
September
2024
Short
7‌
857‌
5‌
Wheat;
July
2024
(a)
Short
4‌
136‌
(21‌)
WTI
Crude;
July
2024
(a)
Long
3‌
231‌
(6‌)
Total
$
1,250‌
Amounts
in
thousands
except
contracts.
(a)
All
or
a
portion
of
this
security
is
owned
by
the
GMS
Cayman
Corporation,
which
is
a
100%
owned
subsidiary
of
the
fund.
Foreign
Currency
Contracts
Unrealized
Appreciation/(Depreciation)
Counterparty
Settlement
Date
Currency
to
Accept
Currency
to
Deliver
Asset
Liability
Bank
of
America
NA
06/21/2024
AUD
13,175‌
$
8,717‌
$
58‌
$
(4‌)
Bank
of
America
NA
06/21/2024
GBP
7,827‌
$
9,993‌
17‌
(43‌)
Bank
of
America
NA
06/21/2024
CAD
4,185‌
$
3,075‌
8‌
(13‌)
Bank
of
America
NA
06/21/2024
EUR
4,592‌
$
4,972‌
24‌
(11‌)
Bank
of
America
NA
06/21/2024
JPY
682,603‌
$
4,494‌
—‌
(145‌)
Bank
of
America
NA
06/21/2024
MXN
74,433‌
$
4,382‌
—‌
(7‌)
Bank
of
America
NA
06/21/2024
NZD
8,047‌
$
4,914‌
36‌
(7‌)
Bank
of
America
NA
06/21/2024
CHF
751‌
$
829‌
5‌
—‌
Bank
of
America
NA
06/21/2024
$
276‌
MXN
4,724‌
—‌
(1‌)
Bank
of
America
NA
06/21/2024
$
8,231‌
GBP
6,538‌
—‌
(102‌)
Bank
of
America
NA
06/21/2024
$
6,647‌
NZD
11,085‌
—‌
(165‌)
Bank
of
America
NA
06/21/2024
$
14,996‌
CAD
20,373‌
84‌
(36‌)
Bank
of
America
NA
06/21/2024
$
5,967‌
AUD
9,080‌
—‌
(78‌)
Bank
of
America
NA
06/21/2024
$
10,703‌
CHF
9,451‌
217‌
(5‌)
Bank
of
America
NA
06/21/2024
$
7,816‌
EUR
7,232‌
13‌
(49‌)
Bank
of
America
NA
06/21/2024
$
13,399‌
JPY
1,989,652‌
712‌
—‌
Barclays
Bank
PLC
07/31/2024
EUR
115‌
$
125‌
—‌
—‌
Barclays
Bank
PLC
07/31/2024
$
124‌
EUR
115‌
—‌
(1‌)
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
86
Foreign
Currency
Contracts
(continued)
Unrealized
Appreciation/(Depreciation)
Counterparty
Settlement
Date
Currency
to
Accept
Currency
to
Deliver
Asset
Liability
BNP
Paribas
06/20/2024
$
227‌
EUR
206‌
$
3‌
$
—‌
Citigroup
Inc
06/14/2024
$
488‌
EUR
450‌
—‌
—‌
Citigroup
Inc
06/27/2024
$
3,577‌
CNH
25,900‌
5‌
—‌
Citigroup
Inc
06/27/2024
$
1,739‌
PEN
6,500‌
—‌
(12‌)
Citigroup
Inc
07/05/2024
TRY
23,300‌
$
662‌
42‌
—‌
Citigroup
Inc
07/05/2024
$
684‌
TRY
23,300‌
—‌
(19‌)
Citigroup
Inc
08/23/2024
TRY
23,300‌
$
650‌
21‌
—‌
Goldman
Sachs
&
Co
06/04/2024
EUR
684‌
$
741‌
1‌
—‌
Goldman
Sachs
&
Co
06/04/2024
$
744‌
EUR
684‌
2‌
—‌
Goldman
Sachs
&
Co
06/18/2024
$
253‌
EUR
232‌
1‌
—‌
Goldman
Sachs
&
Co
06/20/2024
$
291‌
EUR
266‌
2‌
—‌
Goldman
Sachs
&
Co
06/24/2024
EUR
87‌
$
95‌
—‌
—‌
Goldman
Sachs
&
Co
06/24/2024
$
656‌
EUR
605‌
—‌
(1‌)
Goldman
Sachs
&
Co
07/16/2024
EUR
122‌
$
133‌
—‌
—‌
Goldman
Sachs
&
Co
07/16/2024
$
132‌
EUR
122‌
—‌
(1‌)
Goldman
Sachs
&
Co
07/17/2024
$
780‌
JPY
115,511‌
39‌
—‌
Goldman
Sachs
&
Co
08/01/2024
$
297‌
EUR
272‌
1‌
—‌
Goldman
Sachs
&
Co
10/29/2024
$
1,660‌
AUD
2,528‌
—‌
(24‌)
Goldman
Sachs
&
Co
12/17/2024
$
703‌
SEK
7,503‌
—‌
(17‌)
HSBC
Securities
Inc
06/14/2024
$
81‌
EUR
75‌
—‌
—‌
HSBC
Securities
Inc
06/27/2024
$
2,157‌
KRW
2,970,000‌
6‌
—‌
JPMorgan
Chase
06/12/2024
$
294‌
EUR
268‌
3‌
—‌
JPMorgan
Chase
06/14/2024
EUR
200‌
$
217‌
—‌
—‌
JPMorgan
Chase
06/14/2024
$
3,826‌
EUR
3,550‌
—‌
(27‌)
JPMorgan
Chase
06/20/2024
$
153‌
EUR
140‌
1‌
—‌
JPMorgan
Chase
06/27/2024
HUF
525,000‌
$
1,476‌
—‌
(14‌)
JPMorgan
Chase
06/27/2024
PLN
8,600‌
$
2,189‌
—‌
(6‌)
JPMorgan
Chase
06/27/2024
ZAR
19,500‌
$
1,041‌
—‌
(4‌)
JPMorgan
Chase
06/27/2024
KRW
2,970,000‌
$
2,178‌
—‌
(30‌)
JPMorgan
Chase
06/27/2024
$
727‌
BRL
3,750‌
14‌
—‌
JPMorgan
Chase
06/27/2024
$
1,767‌
ZAR
33,000‌
14‌
—‌
JPMorgan
Chase
07/05/2024
TRY
11,700‌
$
331‌
22‌
—‌
JPMorgan
Chase
07/05/2024
$
338‌
TRY
11,700‌
—‌
(15‌)
JPMorgan
Chase
08/23/2024
TRY
29,100‌
$
800‌
37‌
—‌
JPMorgan
Chase
12/13/2024
$
1,095‌
EUR
1,000‌
2‌
(2‌)
Merrill
Lynch
06/05/2024
EUR
55‌
$
59‌
—‌
—‌
Merrill
Lynch
06/05/2024
$
163‌
EUR
150‌
—‌
—‌
Merrill
Lynch
07/31/2024
$
281‌
EUR
261‌
—‌
(3‌)
Morgan
Stanley
&
Co
06/20/2024
$
596‌
GBP
462‌
7‌
—‌
Total
$
1,397‌
$
(842‌)
Amounts
in
thousands.
Credit
Default
Swaps
Buy
Protection
Counterparty
Reference
Entity
Implied
Credit
Spread
as
of
May
31,
2024
(a)
(Pay)/
Receive
Fixed
Rate
Payment
Frequency
Maturity
Date
Notional
Amount
Upfront
Payments/
(Receipts)
Unrealized
Appreciation/
(Depreciation)
Fair
Value
Asset
----
Liability
Goldman
Sachs
&
Co
Bank
of
China
Ltd/Hong
Kong,
1.25%,
06/24/2025
0.34%
(1.00)%
Quarterly
12/20/2025
$
525‌
$
(3‌)
$
(2‌)
$
—‌
$
(5‌)
Goldman
Sachs
&
Co
Bank
of
China
Ltd/Hong
Kong,
1.25%,
06/24/2025
0.34%
(1.00)%
Quarterly
12/20/2025
600‌
(5‌)
(1‌)
—‌
(6‌)
Goldman
Sachs
&
Co
Bank
of
China
Ltd/Hong
Kong,
1.25%,
06/24/2025
0.34%
(1.00)%
Quarterly
12/20/2025
400‌
(3‌)
(1‌)
—‌
(4‌)
Goldman
Sachs
&
Co
Bank
of
China
Ltd/Hong
Kong,
1.25%,
06/24/2025
0.34%
(1.00)%
Quarterly
12/20/2025
500‌
(3‌)
(2‌)
—‌
(5‌)
Goldman
Sachs
&
Co
Bank
of
China
Ltd/Hong
Kong,
1.25%,
06/24/2025
0.34%
(1.00)%
Quarterly
12/20/2025
750‌
(4‌)
(4‌)
—‌
(8‌)
Goldman
Sachs
&
Co
China
Construction
Bank
Corp/Luxembourg,
0.00%,
04/22/2024
0.28%
(1.00)%
Quarterly
12/20/2025
500‌
(3‌)
(2‌)
—‌
(5‌)
Goldman
Sachs
&
Co
China
Construction
Bank
Corp/Luxembourg,
0.00%,
04/22/2024
0.28%
(1.00)%
Quarterly
12/20/2025
525‌
(4‌)
(2‌)
—‌
(6‌)
Goldman
Sachs
&
Co
China
Construction
Bank
Corp/Luxembourg,
0.00%,
04/22/2024
0.28%
(1.00)%
Quarterly
12/20/2025
500‌
(4‌)
(1‌)
—‌
(5‌)
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
87
Credit
Default
Swaps
(continued)
Buy
Protection
(continued)
Counterparty
Reference
Entity
Implied
Credit
Spread
as
of
May
31,
2024
(a)
(Pay)/
Receive
Fixed
Rate
Payment
Frequency
Maturity
Date
Notional
Amount
Upfront
Payments/
(Receipts)
Unrealized
Appreciation/
(Depreciation)
Fair
Value
Asset
----
Liability
Goldman
Sachs
&
Co
China
Construction
Bank
Corp/Luxembourg,
0.00%,
04/22/2024
0.28%
(1.00)%
Quarterly
12/20/2025
$
550‌
$
(3‌)
$
(3‌)
$
—‌
$
(6‌)
Goldman
Sachs
&
Co
China
Construction
Bank
Corp/Luxembourg,
0.00%,
04/22/2024
0.28%
(1.00)%
Quarterly
12/20/2025
500‌
(4‌)
(2‌)
—‌
(6‌)
Goldman
Sachs
&
Co
China
Development
Bank,
3.00%,
06/01/2026
0.33%
(1.00)%
Quarterly
12/20/2025
525‌
(3‌)
(2‌)
—‌
(5‌)
Goldman
Sachs
&
Co
China
Development
Bank,
3.00%,
06/01/2026
0.33%
(1.00)%
Quarterly
12/20/2025
500‌
(3‌)
(2‌)
—‌
(5‌)
Goldman
Sachs
&
Co
China
Development
Bank,
3.00%,
06/01/2026
0.33%
(1.00)%
Quarterly
12/20/2025
900‌
(8‌)
(1‌)
—‌
(9‌)
Goldman
Sachs
&
Co
China
Development
Bank,
3.00%,
06/01/2026
0.33%
(1.00)%
Quarterly
12/20/2025
300‌
(1‌)
(2‌)
—‌
(3‌)
Goldman
Sachs
&
Co
Industrial
&
Commercial
Bank
of
China
Ltd/Hong
Kong,
1.63%,
10/28/2026
0.32%
(1.00)%
Quarterly
12/20/2025
525‌
(3‌)
(2‌)
—‌
(5‌)
Goldman
Sachs
&
Co
Industrial
&
Commercial
Bank
of
China
Ltd/Hong
Kong,
1.63%,
10/28/2026
0.32%
(1.00)%
Quarterly
12/20/2025
200‌
(1‌)
(1‌)
—‌
(2‌)
Goldman
Sachs
&
Co
Industrial
&
Commercial
Bank
of
China
Ltd/Hong
Kong,
1.63%,
10/28/2026
0.32%
(1.00)%
Quarterly
12/20/2025
800‌
(7‌)
(1‌)
—‌
(8‌)
Goldman
Sachs
&
Co
Industrial
&
Commercial
Bank
of
China
Ltd/Hong
Kong,
1.63%,
10/28/2026
0.32%
(1.00)%
Quarterly
12/20/2025
500‌
(3‌)
(2‌)
—‌
(5‌)
Goldman
Sachs
&
Co
Industrial
&
Commercial
Bank
of
China
Ltd/Hong
Kong,
1.63%,
10/28/2026
0.32%
(1.00)%
Quarterly
12/20/2025
550‌
(3‌)
(3‌)
—‌
(6‌)
Total
$
(68‌)
$
(36‌)
$
—‌
$
(104‌)
Amounts
in
thousands.
Exchange
Cleared
Credit
Default
Swaps
Buy
Protection
Reference
Entity
Implied
Credit
Spread
as
of
May
31,
2024
(a)
(Pay)/
Receive
Fixed
Rate
Payment
Frequency
Maturity
Date
Notional
Amount
Upfront
Payments/
(Receipts)
Unrealized
Appreciation/
(Depreciation)
Fair
Value
CDX.NA.HY.42
N/A
(5.00)%
Quarterly
06/20/2029
$
3,290‌
$
(229‌)
$
9‌
$
(220‌)
CDX.NA.HY.42
N/A
(5.00)%
Quarterly
06/20/2029
1,905‌
(132‌)
5‌
(127‌)
CDX.NA.HY.42
N/A
(5.00)%
Quarterly
06/20/2029
1,950‌
(115‌)
(15‌)
(130‌)
ITRX.41
N/A
(5.00)%
Quarterly
06/20/2029
EUR
5,175‌
(398‌)
(84‌)
(482‌)
Republic
of
South
Africa,
5.88%,
09/16/2025
2.38%
(1.00)%
Quarterly
06/20/2029
$
500‌
32‌
—‌
32‌
Total
$
(842‌)
$
(85‌)
$
(927‌)
Amounts
in
thousands.
(a)
Implied
credit
spreads,
represented
in
absolute
terms,
used
in
determining
the
fair
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.
Exchange
Cleared
Interest
Rate
Swaps
Floating
Rate
Index
(Pay)/
Receive
Floating
Rate
Fixed
Rate
Payment
Frequency
Paid
by
Fund
Payment
Frequency
Received
by
Fund
Effective
Date
(a)
Maturity
Date
Notional
Amount
Unrealized
Appreciation/
(Depreciation)
Upfront
Payments/
(Receipts)
Fair
Value
3
Month
KRW
Certificate
of
Deposit
Pay
3.16%
Annual
Annual
N/A
06/19/2029
KRW
6,000,000‌
$
(60‌)
$
—‌
$
(60‌)
MXN
TIIE
Banxico
Pay
10.22%
Monthly
Monthly
N/A
06/17/2026
MXN
132,000‌
—‌
(1‌)
(1‌)
MXN
TIIE
Banxico
Pay
10.22%
Monthly
Monthly
N/A
06/17/2026
73,000‌
(3‌)
3‌
—‌
Total
$
(63‌)
$
2‌
$
(61‌)
Amounts
in
thousands.
(a)    
Forward
swap.
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
88
Total
Return
Equity
Basket
Swaps
Counterparty
Fund
Pays
Fund
Receives
Payment
Frequency
Expiration
Date
Notional
Amount
Upfront
Payments/
(Receipts)
Value
and
Unrealized
Appreciation/(Depreciation)
Asset
-----
Liability
Goldman
Sachs
&
Co
(a)
Floating
rate
based
on
Overnight
Bank
Funding
Rate
plus/less
spread
Total
return
on
a
custom
basket
of
long
securities
traded
in
foreign
currencies
but
settle
in
USD
Monthly
07/16/2024-
07/01/2025
$
30,028‌
$
—‌
$
—‌
$
(2,162‌)
JPMorgan
Chase
Floating
rate
based
on
Overnight
Bank
Funding
Rate
plus/less
spread
Total
return
on
a
custom
basket
of
long
and
short
securities
traded
in
foreign
currencies
but
settle
in
USD
Monthly
11/25/2024-
02/28/2025
3,317‌
—‌
103‌
—‌
Morgan
Stanley
&
Co
(b)
Floating
rate
based
on
1
Day
Federal
Funds
Rate
plus/less
spread
Total
return
on
a
custom
basket
of
long
and
short
securities
traded
in
USD
Monthly
07/29/2026
90,842‌
—‌
3,849‌
—‌
Total
$
124,187‌
$
—‌
$
3,952‌
$
(2,162‌)
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.
Top
Underlying
Securities
includes
the
50
largest
components
and
any
other
components
where
the
notional
exceeds
1%
of
the
notional
amount
of
the
index
or
custom
basket.
Amounts
in
thousands.
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
89
Description
Shares
Notional
Amount
%
of
Total
Absolute
Notional
Amount
Chevron
Corp
(42,476)
$
(6,894
)
(22.96)%
Hess
Corp
25,000
3,853
12.83%
Smurfit
Kappa
Group
PLC
(56,496)
(2,740
)
(9.13)%
EQT
Corp
(40,370)
(1,659
)
(5.52)%
Altium
Ltd
36,884
1,644
5.47%
Amedisys
Inc
17,009
1,550
5.16%
Chesapeake
Energy
Corp
(14,350)
(1,305
)
(4.35)%
Capri
Holdings
Ltd
35,999
1,244
4.14%
Schlumberger
NV
(19,159)
(879
)
(2.93)%
Baxter
International
Inc
24,700
842
2.81%
Ball
Corp
10,100
701
2.34%
Shinko
Electric
Industries
Co
Ltd
19,512
694
2.31%
Kindred
Group
PLC
57,721
682
2.27%
United
States
Steel
Corp
16,168
620
2.06%
WillScot
Mobile
Mini
Holdings
Corp
(12,856)
(507
)
(1.69)%
International
Paper
Co
(10,129)
(457
)
(1.52)%
Endeavor
Group
Holdings
Inc
13,500
362
1.20%
thyssenkrupp
AG
68,424
336
1.12%
Siemens
AG
1,600
306
1.02%
Vivendi
SE
26,226
287
0.96%
Synopsys
Inc
(489)
(274
)
(0.91)%
Capital
One
Financial
Corp
(1,933)
(266
)
(0.88)%
Chord
Energy
Corp
(1,395)
(259
)
(0.86)%
Barratt
Developments
PLC
(39,995)
(256
)
(0.85)%
Redrow
PLC
27,774
252
0.84%
Vizio
Holding
Corp
20,908
225
0.75%
Vale
SA
16,900
204
0.68%
Covestro
AG
3,704
198
0.66%
DS
Smith
PLC
28,046
136
0.45%
Equitrans
Midstream
Corp
9,342
133
0.45%
ConocoPhillips
(1,093)
(127
)
(0.42)%
SouthState
Corp
(760)
(59
)
(0.20)%
Crescent
Energy
Co
(4,030)
(51
)
(0.17)%
UMB
Financial
Corp
(149)
(12
)
(0.04)%
Juniper
Networks
Inc
338
12
0.04%
(a)
Top
Underlying
Securities
WESTGSUSD
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
90
Description
Shares
Notional
Amount
%
of
Total
Absolute
Notional
Amount
Microsoft
Corp
2,732
$
1,134
1.25%
NVIDIA
Corp
789
865
0.95%
Boeing
Co/The
(4,234)
(752
)
(0.83)%
J
M
Smucker
Co/The
(6,490)
(725
)
(0.80)%
Henry
Schein
Inc
(10,426)
(723
)
(0.80)%
Alphabet
Inc
-
A
Shares
4,139
714
0.79%
Lamb
Weston
Holdings
Inc
(7,839)
(692
)
(0.76)%
EQT
Corp
(15,784)
(649
)
(0.71)%
Apple
Inc
3,228
621
0.68%
Hess
Corp
(3,962)
(611
)
(0.67)%
CH
Robinson
Worldwide
Inc
(7,036)
(608
)
(0.67)%
Moderna
Inc
(4,213)
(601
)
(0.66)%
Norfolk
Southern
Corp
(2,643)
(594
)
(0.65)%
Amazon.com
Inc
3,274
578
0.64%
Southwest
Airlines
Co
(20,127)
(540
)
(0.59)%
Tractor
Supply
Co
(1,890)
(539
)
(0.59)%
NRG
Energy
Inc
6,642
538
0.59%
Jack
Henry
&
Associates
Inc
(3,156)
(520
)
(0.57)%
Catalent
Inc
(9,656)
(519
)
(0.57)%
United
Airlines
Holdings
Inc
(9,785)
(519
)
(0.57)%
Verisk
Analytics
Inc
(2,051)
(518
)
(0.57)%
Western
Digital
Corp
(6,844)
(515
)
(0.57)%
Meta
Platforms
Inc
1,094
511
0.56%
Pinnacle
West
Capital
Corp
(6,192)
(488
)
(0.54)%
Cooper
Cos
Inc/The
(5,168)
(487
)
(0.54)%
Church
&
Dwight
Co
Inc
(4,542)
(486
)
(0.53)%
Pfizer
Inc
(16,538)
(474
)
(0.52)%
CF
Industries
Holdings
Inc
(5,913)
(471
)
(0.52)%
Warner
Bros
Discovery
Inc
(56,958)
(469
)
(0.52)%
QUALCOMM
Inc
2,296
468
0.51%
Intel
Corp
(14,638)
(452
)
(0.50)%
Enphase
Energy
Inc
(3,510)
(449
)
(0.49)%
Xcel
Energy
Inc
(8,094)
(449
)
(0.49)%
STERIS
PLC
(1,965)
(438
)
(0.48)%
Take-Two
Interactive
Software
Inc
(2,723)
(437
)
(0.48)%
Carrier
Global
Corp
(6,859)
(433
)
(0.48)%
Corning
Inc
(11,271)
(420
)
(0.46)%
Live
Nation
Entertainment
Inc
(4,480)
(420
)
(0.46)%
Alliant
Energy
Corp
(7,978)
(411
)
(0.45)%
Rockwell
Automation
Inc
(1,530)
(394
)
(0.43)%
Eversource
Energy
(6,599)
(391
)
(0.43)%
Analog
Devices
Inc
(1,643)
(385
)
(0.42)%
Tyler
Technologies
Inc
(799)
(384
)
(0.42)%
Exxon
Mobil
Corp
3,233
379
0.42%
Ford
Motor
Co
(30,885)
(375
)
(0.41)%
Air
Products
and
Chemicals
Inc
(1,396)
(372
)
(0.41)%
First
Solar
Inc
(1,370)
(372
)
(0.41)%
Axon
Enterprise
Inc
(1,296)
(365
)
(0.40)%
West
Pharmaceutical
Services
Inc
(1,101)
(365
)
(0.40)%
Equinix
Inc
(476)
(363
)
(0.40)%
(b)
Top
Underlying
Securities
GOTEBSUSD
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
91
Total
Return
Swaps
Counterparty
Reference
Entity
Contracts
Pay/Receive
Positive
Return
Financing
Rate
Payment
Frequency
Expiration
Date
Notional
Amount
Upfront
Payments/
(Receipts)
Value
and
Unrealized
Appreciation/(Depreciation)
Asset
---- 
Liability
Citigroup
Inc
Nigeria
Government
Treasury
Bill,
0.00%,
03/12/2025
400,000,000
Receive
US
Federal
Funds
Effective
Rate
+
0.00%
Annual
03/11/2025
$
203‌
$
—‌
$
20‌
$
—‌
Citigroup
Inc
Nigeria
Government
Treasury
Bill,
0.00%,
03/13/2025
318,000,000
Receive
US
Federal
Funds
Effective
Rate
+
0.00%
Annual
03/18/2025
156‌
—‌
20‌
—‌
HSBC
Securities
Inc
Egypt
Treasury
Bill,
0.00%,
03/18/2025
16,200,000
Receive
Secured
Overnight
Financing
Rate
+
0.60%
Annual
03/21/2025
258‌
—‌
24‌
—‌
HSBC
Securities
Inc
Egypt
Treasury
Bill,
0.00%,
06/11/2024
14,000,000
Receive
Secured
Overnight
Financing
Rate
+
0.70%
Annual
06/12/2024
266‌
—‌
25‌
—‌
HSBC
Securities
Inc
Egypt
Treasury
Bill,
0.00%,
06/18/2024
13,200,000
Receive
Secured
Overnight
Financing
Rate
+
0.60%
Annual
06/21/2024
259‌
—‌
15‌
—‌
HSBC
Securities
Inc
Egypt
Treasury
Bill,
0.00%,
09/17/2024
14,400,000
Receive
Secured
Overnight
Financing
Rate
+
0.60%
Annual
09/20/2024
259‌
—‌
22‌
—‌
HSBC
Securities
Inc
Egypt
Treasury
Bill,
0.00%,
12/03/2024
7,100,000
Receive
Secured
Overnight
Financing
Rate
+
0.70%
Annual
12/04/2024
121‌
—‌
10‌
—‌
HSBC
Securities
Inc
Egypt
Treasury
Bill,
0.00%,
12/10/2024
7,900,000
Receive
Secured
Overnight
Financing
Rate
+
0.70%
Annual
12/11/2024
131‌
—‌
15‌
—‌
HSBC
Securities
Inc
Egypt
Treasury
Bill,
0.00%,
12/17/2024
15,000,000
Receive
Secured
Overnight
Financing
Rate
+
0.60%
Annual
12/20/2024
259‌
—‌
17‌
—‌
HSBC
Securities
Inc
Nigeria
Government
Treasury
Bill,
0.00%,
03/27/2025
652,000,000
Receive
US
Federal
Funds
Effective
Rate
+
0.00%
Annual
04/03/2025
389‌
—‌
—‌
(32‌)
HSBC
Securities
Inc
Nigeria
Government
Treasury
Bill,
0.00%,
09/03/2024
140,000,000
Receive
Secured
Overnight
Financing
Rate
+
0.83%
Annual
09/04/2024
74‌
—‌
—‌
—‌
HSBC
Securities
Inc
Zambia
Government
Bond,
13.00%,
12/18/2027
5,030,000
Receive
US
Federal
Funds
Effective
Rate
+
0.00%
Annual
12/20/2027
167‌
—‌
—‌
—‌
JPMorgan
Chase
Egypt
Treasury
Bill,
0.00%,
03/04/2025
14,000,000
Receive
Secured
Overnight
Financing
Rate
+
0.60%
Annual
03/07/2025
238‌
—‌
8‌
—‌
JPMorgan
Chase
Egypt
Treasury
Bill,
0.00%,
09/27/2024
8,000,000
Receive
Secured
Overnight
Financing
Rate
+
0.60%
Annual
09/27/2024
150‌
—‌
5‌
—‌
Total
$
—‌
$
181‌
$
(32‌)
Amounts
in
thousands
except
contracts.
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
92
Short
Sales
Outstanding
COMMON
STOCKS
-
(4.50)%
Shares
Value
(000's)
Aerospace
&
Defense
-
(0.19)%
Airbus
SE
441‌
$
75‌
CAE
Inc
13,535‌
254‌
Dassault
Aviation
SA
835‌
181‌
General
Electric
Co
495‌
82‌
Leonardo
SpA
3,497‌
90‌
Melrose
Industries
PLC
16,338‌
129‌
$
811‌
Agriculture
-
(0.02)%
Bunge
Global
SA
818‌
88‌
Airlines
-
(0.04)%
Air
Canada
11,400‌
152‌
Southwest
Airlines
Co
126‌
3‌
$
155‌
Apparel
-
0.00%
Kering
SA
12‌
4‌
Automobile
Manufacturers
-
(0.12)%
Stellantis
NV
13,608‌
302‌
Suzuki
Motor
Corp
15,600‌
186‌
Tesla
Inc
26‌
5‌
$
493‌
Automobile
Parts
&
Equipment
-
(0.04)%
BorgWarner
Inc
1,683‌
60‌
Magna
International
Inc
2,700‌
122‌
$
182‌
Beverages
-
(0.12)%
Brown-Forman
Corp
-
B
Shares
1,143‌
52‌
Celsius
Holdings
Inc
34‌
3‌
Davide
Campari-Milano
NV
30,553‌
306‌
Diageo
PLC
711‌
24‌
JDE
Peet's
NV
3,021‌
66‌
Remy
Cointreau
SA
253‌
24‌
$
475‌
Biotechnology
-
(0.08)%
Biogen
Inc
559‌
126‌
BioMarin
Pharmaceutical
Inc
671‌
50‌
Bio-Rad
Laboratories
Inc
77‌
22‌
Corteva
Inc
86‌
5‌
Moderna
Inc
100‌
14‌
Regeneron
Pharmaceuticals
Inc
108‌
106‌
$
323‌
Building
Materials
-
(0.07)%
Builders
FirstSource
Inc
806‌
130‌
Nibe
Industrier
AB
652‌
3‌
Svenska
Cellulosa
AB
SCA
5,404‌
83‌
TOTO
Ltd
3,100‌
78‌
$
294‌
Chemicals
-
(0.14)%
Celanese
Corp
427‌
65‌
Mitsui
Chemicals
Inc
900‌
27‌
Nissan
Chemical
Corp
2,600‌
72‌
Nutrien
Ltd
400‌
23‌
OCI
NV
5,440‌
149‌
Syensqo
SA
753‌
75‌
Westlake
Corp
580‌
93‌
$
504‌
Commercial
Services
-
(0.15)%
Ashtead
Group
PLC
2,479‌
182‌
Corpay
Inc
460‌
123‌
Equifax
Inc
306‌
71‌
Moody's
Corp
34‌
13‌
PayPal
Holdings
Inc
1,510‌
95‌
TOPPAN
Holdings
Inc
2,400‌
62‌
U-Haul
Holding
Co
1,178‌
72‌
$
618‌
Computers
-
(0.04)%
CGI
Inc
1,800‌
178‌
Consumer
Products
-
(0.02)%
Avery
Dennison
Corp
319‌
73‌
COMMON
STOCKS
(continued)
Shares
Value
(000’s)
Cosmetics
&
Personal
Care
-
(0.01)%
Beiersdorf
AG
157‌
$
25‌
Shiseido
Co
Ltd
400‌
13‌
$
38‌
Distribution
&
Wholesale
-
(0.03)%
Copart
Inc
542‌
29‌
D'ieteren
Group
47‌
10‌
Mitsubishi
Corp
3,400‌
72‌
$
111‌
Diversified
Financial
Services
-
(0.07)%
Ameriprise
Financial
Inc
34‌
15‌
London
Stock
Exchange
Group
PLC
1,632‌
191‌
Mastercard
Inc
201‌
90‌
$
296‌
Electric
-
(0.03)%
EDP
Renovaveis
SA
4,931‌
79‌
Elia
Group
SA/NV
311‌
32‌
$
111‌
Electronics
-
(0.12)%
Hirose
Electric
Co
Ltd
200‌
22‌
Jabil
Inc
385‌
46‌
Keysight
Technologies
Inc
926‌
128‌
Mettler-Toledo
International
Inc
44‌
62‌
MINEBEA
MITSUMI
Inc
7,000‌
147‌
Trimble
Inc
1,150‌
64‌
$
469‌
Engineering
&
Construction
-
(0.11)%
Auckland
International
Airport
Ltd
27,058‌
130‌
Ferrovial
SE
4,839‌
191‌
Jacobs
Solutions
Inc
390‌
54‌
Shimizu
Corp
4,400‌
24‌
Taisei
Corp
1,200‌
46‌
$
445‌
Entertainment
-
(0.10)%
Aristocrat
Leisure
Ltd
2,138‌
64‌
DraftKings
Inc
1,036‌
36‌
Entain
PLC
5,588‌
49‌
Flutter
Entertainment
PLC
1,352‌
260‌
Live
Nation
Entertainment
Inc
33‌
3‌
$
412‌
Environmental
Control
-
(0.03)%
GFL
Environmental
Inc
2,900‌
91‌
Veralto
Corp
250‌
25‌
$
116‌
Food
-
(0.14)%
Ajinomoto
Co
Inc
1,100‌
39‌
Kerry
Group
PLC
1,327‌
112‌
Kikkoman
Corp
19,100‌
222‌
Lotus
Bakeries
NV
5‌
53‌
Ocado
Group
PLC
33,557‌
162‌
Seven
&
i
Holdings
Co
Ltd
300‌
4‌
$
592‌
Forest
Products
&
Paper
-
0.00%
Smurfit
Kappa
Group
PLC
ADR
114‌
6‌
Healthcare
-
Products
-
(0.52)%
Agilent
Technologies
Inc
1,720‌
224‌
Avantor
Inc
9,496‌
229‌
Bio-Techne
Corp
1,068‌
82‌
Cooper
Cos
Inc/The
1,380‌
130‌
Danaher
Corp
752‌
193‌
Demant
A/S
976‌
47‌
FUJIFILM
Holdings
Corp
6,600‌
151‌
GE
HealthCare
Technologies
Inc
41‌
3‌
Olympus
Corp
16,000‌
253‌
QIAGEN
NV
3,694‌
158‌
Repligen
Corp
315‌
47‌
Revvity
Inc
1,634‌
179‌
Sartorius
Stedim
Biotech
779‌
155‌
STERIS
PLC
39‌
9‌
Thermo
Fisher
Scientific
Inc
64‌
36‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
93
Short
Sales
Outstanding
COMMON
STOCKS
(continued)
Shares
Value
(000’s)
Healthcare
-
Products
(continued)
Waters
Corp
704‌
$
217‌
West
Pharmaceutical
Services
Inc
158‌
52‌
$
2,165‌
Healthcare
-
Services
-
(0.02)%
BioMerieux
69‌
7‌
Catalent
Inc
662‌
36‌
Labcorp
Holdings
Inc
302‌
59‌
$
102‌
Home
Builders
-
0.00%
Iida
Group
Holdings
Co
Ltd
300‌
4‌
Home
Furnishings
-
(0.04)%
Sharp
Corp/Japan
25,600‌
158‌
Insurance
-
(0.03)%
American
International
Group
Inc
1,732‌
137‌
Fidelity
National
Financial
Inc
380‌
19‌
$
156‌
Internet
-
(0.14)%
Airbnb
Inc
813‌
118‌
Expedia
Group
Inc
1,020‌
115‌
GoDaddy
Inc
1,234‌
172‌
Rakuten
Group
Inc
2,700‌
14‌
SEEK
Ltd
9,252‌
139‌
Zillow
Group
Inc
-
C
Shares
1,069‌
44‌
$
602‌
Investment
Companies
-
(0.06)%
Investor
AB
-
B
Shares
2,188‌
59‌
L
E
Lundbergforetagen
AB
878‌
45‌
Washington
H
Soul
Pattinson
&
Co
Ltd
8,194‌
170‌
$
274‌
Iron
&
Steel
-
(0.01)%
Cleveland-Cliffs
Inc
221‌
4‌
Mineral
Resources
Ltd
491‌
24‌
$
28‌
Leisure
Products
&
Services
-
(0.01)%
Shimano
Inc
200‌
33‌
Lodging
-
(0.02)%
Galaxy
Entertainment
Group
Ltd
11,000‌
53‌
Hyatt
Hotels
Corp
230‌
34‌
$
87‌
Machinery
-
Construction
&
Mining
-
(0.04)%
GE
Vernova
Inc
123‌
22‌
Mitsubishi
Heavy
Industries
Ltd
9,300‌
81‌
Siemens
Energy
AG
2,138‌
58‌
$
161‌
Machinery
-
Diversified
-
(0.08)%
Graco
Inc
1,715‌
138‌
Omron
Corp
600‌
20‌
SMC
Corp
100‌
51‌
Yaskawa
Electric
Corp
4,600‌
176‌
$
385‌
Media
-
(0.19)%
Bollore
SE
33,630‌
227‌
Charter
Communications
Inc
518‌
149‌
Liberty
Global
Ltd
2,134‌
36‌
Liberty
Media
Corp-Liberty
SiriusXM
-
C
Shares
3,223‌
73‌
News
Corp
-
A
Shares
7,091‌
193‌
Thomson
Reuters
Corp
200‌
34‌
$
712‌
Mining
-
(0.05)%
Ivanhoe
Mines
Ltd
5,400‌
78‌
Sumitomo
Metal
Mining
Co
Ltd
1,400‌
46‌
Wheaton
Precious
Metals
Corp
1,700‌
93‌
$
217‌
Miscellaneous
Manufacturers
-
(0.09)%
Alstom
SA
1,144‌
23‌
Alstom
SA
-
Rights
1,144‌
1‌
Teledyne
Technologies
Inc
806‌
320‌
$
344‌
COMMON
STOCKS
(continued)
Shares
Value
(000’s)
Oil
&
Gas
-
(0.11)%
ConocoPhillips
1,101‌
$
128‌
EQT
Corp
3,641‌
150‌
Galp
Energia
SGPS
SA
8,720‌
183‌
$
461‌
Oil
&
Gas
Services
-
0.00%
Schlumberger
NV
54‌
2‌
Pharmaceuticals
-
(0.09)%
Bayer
AG
110‌
3‌
McKesson
Corp
468‌
267‌
UCB
SA
866‌
121‌
$
391‌
Private
Equity
-
(0.04)%
EQT
AB
5,599‌
172‌
Real
Estate
-
(0.14)%
CBRE
Group
Inc
5,165‌
455‌
FirstService
Corp
200‌
29‌
REA
Group
Ltd
551‌
69‌
$
553‌
Retail
-
(0.25)%
CarMax
Inc
3,581‌
252‌
McDonald's
Holdings
Co
Japan
Ltd
6,900‌
283‌
Nitori
Holdings
Co
Ltd
1,900‌
209‌
Pandora
A/S
66‌
11‌
Reece
Ltd
178‌
3‌
Zensho
Holdings
Co
Ltd
7,800‌
307‌
$
1,065‌
Semiconductors
-
(0.12)%
Hamamatsu
Photonics
KK
9,200‌
272‌
Infineon
Technologies
AG
557‌
23‌
Marvell
Technology
Inc
541‌
37‌
Qorvo
Inc
1,329‌
131‌
STMicroelectronics
NV
409‌
17‌
$
480‌
Software
-
(0.32)%
Bentley
Systems
Inc
1,470‌
74‌
BILL
Holdings
Inc
151‌
8‌
Dayforce
Inc
2,224‌
110‌
Dropbox
Inc
-
A
Shares
2,000‌
45‌
Fair
Isaac
Corp
23‌
30‌
MongoDB
Inc
327‌
77‌
PTC
Inc
1,317‌
232‌
ROBLOX
Corp
1,005‌
34‌
Roper
Technologies
Inc
368‌
196‌
SS&C
Technologies
Holdings
Inc
2,592‌
161‌
Synopsys
Inc
7‌
4‌
Twilio
Inc
997‌
57‌
Tyler
Technologies
Inc
71‌
34‌
WiseTech
Global
Ltd
3,315‌
215‌
$
1,277‌
Telecommunications
-
(0.04)%
SoftBank
Group
Corp
2,000‌
116‌
T-Mobile
US
Inc
264‌
46‌
$
162‌
Toys,
Games
&
Hobbies
-
(0.02)%
Bandai
Namco
Holdings
Inc
4,500‌
82‌
Transportation
-
(0.40)%
Canadian
National
Railway
Co
100‌
13‌
Canadian
Pacific
Kansas
City
Ltd
3,200‌
255‌
CSX
Corp
3,661‌
124‌
DSV
A/S
1,164‌
179‌
JB
Hunt
Transport
Services
Inc
997‌
160‌
Kawasaki
Kisen
Kaisha
Ltd
5,600‌
83‌
Keisei
Electric
Railway
Co
Ltd
11,400‌
409‌
Kintetsu
Group
Holdings
Co
Ltd
6,100‌
130‌
Knight-Swift
Transportation
Holdings
Inc
1,478‌
71‌
Kuehne
+
Nagel
International
AG
274‌
78‌
Old
Dominion
Freight
Line
Inc
860‌
151‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
94
Short
Sales
Outstanding
COMMON
STOCKS
(continued)
Shares
Value
(000’s)
Transportation
(continued)
Tokyu
Corp
300‌
$
4‌
$
1,657‌
TOTAL
COMMON
STOCKS
(proceeds
$18,445)
$
18,524‌
PREFERRED
STOCKS
-
(0.02)%
Electronics
-
(0.02)%
Sartorius
AG
0.74%
276‌
$
73‌
TOTAL
PREFERRED
STOCKS
(proceeds
$96)
$
73‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
-
(0.02)%
Principal
Amount
(000's)
Value
(000's)
U.S.
Treasury
-
(0.02)%
3.25%,
06/30/2029
$
73‌
$
69‌
TOTAL
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(proceeds
$75)
$
69‌
TOTAL
SHORT
SALES
(proceeds
$18,616)
$
18,666‌
Schedule
of
Investments
Global
Sustainable
Listed
Infrastructure
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
95
INVESTMENT
COMPANIES
-
3
.95
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
3
.95
%
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
(a),(b)
727,695‌
$
728‌
TOTAL
INVESTMENT
COMPANIES
$
728‌
COMMON
STOCKS
-
95
.86
%
Shares
Held
Value
(000's)
Commercial
Services
-
6
.08
%
CCR
SA
188,322‌
$
432‌
Hutchison
Port
Holdings
Trust
1,466,200‌
182‌
Transurban
Group
60,523‌
506‌
$
1,120‌
Electric
-
44
.49
%
ALLETE
Inc
6,235‌
394‌
American
Electric
Power
Co
Inc
8,944‌
807‌
CenterPoint
Energy
Inc
19,150‌
584‌
CLP
Holdings
Ltd
46,500‌
369‌
CMS
Energy
Corp
9,389‌
591‌
DTE
Energy
Co
4,482‌
522‌
EDP
Renovaveis
SA
30,423‌
489‌
Emera
Inc
14,800‌
515‌
Entergy
Corp
5,939‌
668‌
National
Grid
PLC
40,721‌
462‌
National
Grid
PLC
-
Rights
(c)
11,876‌
30‌
NextEra
Energy
Inc
21,010‌
1,681‌
Northwestern
Energy
Group
Inc
6,531‌
339‌
PG&E
Corp
40,225‌
746‌
$
8,197‌
Engineering
&
Construction
-
14
.05
%
Aena
SME
SA
(d)
707‌
138‌
Aeroports
de
Paris
SA
3,927‌
563‌
Beijing
Capital
International
Airport
Co
Ltd
(c)
1,002,000‌
340‌
Cellnex
Telecom
SA
-
Rights
(c),(d)
16,380‌
598‌
China
Tower
Corp
Ltd
(d)
2,142,000‌
253‌
Enav
SpA
(d)
62,701‌
258‌
Grupo
Aeroportuario
del
Centro
Norte
SAB
de
CV
42,800‌
439‌
$
2,589‌
Gas
-
1
.88
%
China
Resources
Gas
Group
Ltd
99,500‌
346‌
Pipelines
-
11
.68
%
APA
Group
61,936‌
341‌
DT
Midstream
Inc
7,693‌
516‌
Gibson
Energy
Inc
28,400‌
475‌
Williams
Cos
Inc/The
19,761‌
820‌
$
2,152‌
REITs
-
8
.44
%
American
Tower
Corp
4,468‌
875‌
Crown
Castle
Inc
6,637‌
680‌
$
1,555‌
Transportation
-
5
.14
%
Canadian
National
Railway
Co
4,400‌
560‌
Kyushu
Railway
Co
7,400‌
163‌
Union
Pacific
Corp
966‌
225‌
$
948‌
Water
-
4
.10
%
Aguas
Andinas
SA
670,415‌
198‌
Severn
Trent
PLC
18,222‌
557‌
$
755‌
TOTAL
COMMON
STOCKS
$
17,662‌
Total
Investments
$
18,390‌
Other
Assets
and
Liabilities
-  0.19%
35‌
TOTAL
NET
ASSETS
-
100.00%
$
18,425‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
1-day
yield
shown
is
as
of
period
end.
(c)
Non-income
producing
security
(d)
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
$1,247
or
6.77%
of
net
assets.
Portfolio
Summary
Location
Percent
United
States
55
.23‌
%
Canada
8
.42‌
%
Spain
6
.65‌
%
United
Kingdom
5
.69‌
%
Hong
Kong
4
.87‌
%
Australia
4
.60‌
%
China
3
.21‌
%
France
3
.06‌
%
Mexico
2
.38‌
%
Brazil
2
.34‌
%
Italy
1
.40‌
%
Chile
1
.08‌
%
Japan
0
.88‌
%
Other
Assets
and
Liabilities
0
.19‌
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
Global
Sustainable
Listed
Infrastructure
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
96
Affiliated
Securities
August
31,
2023
Purchases
Sales
May
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
$
682‌
$
2,737‌
$
2,691‌
$
728‌
$
682‌
$
2,737‌
$
2,691‌
$
728‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
$
22‌
$
—‌
$
—‌
$
—‌
$
22‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
International
Equity
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
97
INVESTMENT
COMPANIES
-
4
.02
%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
1
.63
%
iShares
MSCI
EAFE
ETF
(a)
239,700‌
$
19,459‌
Money
Market
Funds
-
2
.39
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
5.21%
(b),(c)
10,101,538‌
10,102‌
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
(b),(c),(d)
18,401,310‌
18,401‌
$
28,503‌
TOTAL
INVESTMENT
COMPANIES
$
47,962‌
COMMON
STOCKS
-
97
.07
%
Shares
Held
Value
(000's)
Advertising
-
0
.24
%
Dentsu
Group
Inc
13,900‌
$
368‌
Publicis
Groupe
SA
15,747‌
1,769‌
WPP
PLC
74,208‌
776‌
$
2,913‌
Aerospace
&
Defense
-
2
.21
%
Airbus
SE
40,884‌
6,954‌
BAE
Systems
PLC
208,190‌
3,707‌
Dassault
Aviation
SA
1,358‌
295‌
Elbit
Systems
Ltd
1,820‌
347‌
Leonardo
SpA
27,845‌
716‌
Melrose
Industries
PLC
90,220‌
714‌
MTU
Aero
Engines
AG
3,703‌
925‌
Rheinmetall
AG
2,997‌
1,728‌
Rolls-Royce
Holdings
PLC
(e)
579,096‌
3,382‌
Saab
AB
22,038‌
535‌
Safran
SA
23,517‌
5,508‌
Singapore
Technologies
Engineering
Ltd
107,400‌
333‌
Thales
SA
6,508‌
1,182‌
$
26,326‌
Agriculture
-
0
.70
%
British
American
Tobacco
PLC
138,155‌
4,272‌
Imperial
Brands
PLC
56,472‌
1,403‌
Japan
Tobacco
Inc
82,500‌
2,341‌
Wilmar
International
Ltd
132,100‌
303‌
$
8,319‌
Airlines
-
0
.12
%
ANA
Holdings
Inc
11,100‌
212‌
Deutsche
Lufthansa
AG
41,166‌
288‌
Japan
Airlines
Co
Ltd
9,900‌
166‌
Qantas
Airways
Ltd
(e)
54,935‌
226‌
Singapore
Airlines
Ltd
102,400‌
514‌
$
1,406‌
Apparel
-
2
.20
%
Adidas
AG
11,146‌
2,823‌
Asics
Corp
11,200‌
622‌
Burberry
Group
PLC
24,671‌
327‌
Hermes
International
SCA
2,179‌
5,172‌
Kering
SA
5,122‌
1,771‌
LVMH
Moet
Hennessy
Louis
Vuitton
SE
18,974‌
15,175‌
Puma
SE
7,264‌
377‌
$
26,267‌
Automobile
Manufacturers
-
3
.56
%
Bayerische
Motoren
Werke
AG
21,941‌
2,238‌
Daimler
Truck
Holding
AG
36,804‌
1,575‌
Ferrari
NV
8,673‌
3,574‌
Honda
Motor
Co
Ltd
308,800‌
3,497‌
Isuzu
Motors
Ltd
40,100‌
537‌
Mazda
Motor
Corp
39,100‌
412‌
Mercedes-Benz
Group
AG
55,206‌
4,007‌
Nissan
Motor
Co
Ltd
161,400‌
577‌
Renault
SA
13,225‌
777‌
Stellantis
NV
152,442‌
3,377‌
Subaru
Corp
41,500‌
928‌
Suzuki
Motor
Corp
108,100‌
1,289‌
Toyota
Motor
Corp
729,700‌
15,895‌
Volkswagen
AG
2,030‌
291‌
Volvo
AB
-
A
Shares
13,777‌
374‌
Volvo
AB
-
B
Shares
109,292‌
2,941‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Automobile
Manufacturers
(continued)
Volvo
Car
AB
(e)
51,250‌
$
173‌
$
42,462‌
Automobile
Parts
&
Equipment
-
0
.72
%
Aisin
Corp
10,200‌
381‌
Bridgestone
Corp
39,400‌
1,727‌
Cie
Generale
des
Etablissements
Michelin
SCA
46,732‌
1,895‌
Continental
AG
7,569‌
516‌
Denso
Corp
130,100‌
2,114‌
Koito
Manufacturing
Co
Ltd
13,800‌
196‌
Sumitomo
Electric
Industries
Ltd
49,200‌
798‌
Toyota
Industries
Corp
10,100‌
953‌
$
8,580‌
Banks
-
11
.64
%
ABN
AMRO
Bank
NV
(f)
29,777‌
509‌
AIB
Group
PLC
117,116‌
666‌
ANZ
Group
Holdings
Ltd
206,926‌
3,906‌
Banco
Bilbao
Vizcaya
Argentaria
SA
401,668‌
4,359‌
Banco
BPM
SpA
88,612‌
639‌
Banco
de
Sabadell
SA
374,304‌
791‌
Banco
Santander
SA
1,088,849‌
5,742‌
Bank
Hapoalim
BM
86,725‌
798‌
Bank
Leumi
Le-Israel
BM
103,957‌
865‌
Bank
of
Ireland
Group
PLC
71,599‌
823‌
Banque
Cantonale
Vaudoise
2,073‌
219‌
Barclays
PLC
1,033,987‌
2,920‌
BNP
Paribas
SA
71,055‌
5,245‌
BOC
Hong
Kong
Holdings
Ltd
255,000‌
802‌
CaixaBank
SA
258,085‌
1,478‌
Chiba
Bank
Ltd/The
36,600‌
350‌
Commerzbank
AG
72,532‌
1,232‌
Commonwealth
Bank
of
Australia
115,166‌
9,205‌
Computershare
Ltd
36,827‌
651‌
Concordia
Financial
Group
Ltd
72,200‌
436‌
Credit
Agricole
SA
72,867‌
1,186‌
Danske
Bank
A/S
47,457‌
1,459‌
DBS
Group
Holdings
Ltd
137,070‌
3,655‌
Deutsche
Bank
AG
130,379‌
2,170‌
DNB
Bank
ASA
58,375‌
1,143‌
Erste
Group
Bank
AG
23,168‌
1,138‌
FinecoBank
Banca
Fineco
SpA
42,039‌
682‌
Hang
Seng
Bank
Ltd
52,600‌
733‌
HSBC
Holdings
PLC
1,299,081‌
11,578‌
ING
Groep
NV
227,283‌
4,060‌
Intesa
Sanpaolo
SpA
1,006,331‌
3,964‌
Israel
Discount
Bank
Ltd
84,444‌
434‌
Japan
Post
Bank
Co
Ltd
99,500‌
986‌
KBC
Group
NV
17,227‌
1,258‌
Lloyds
Banking
Group
PLC
4,357,460‌
3,111‌
Macquarie
Group
Ltd
25,031‌
3,196‌
Mediobanca
Banca
di
Credito
Finanziario
SpA
35,088‌
555‌
Mitsubishi
UFJ
Financial
Group
Inc
764,000‌
8,115‌
Mizrahi
Tefahot
Bank
Ltd
10,573‌
386‌
Mizuho
Financial
Group
Inc
165,980‌
3,400‌
National
Australia
Bank
Ltd
213,479‌
4,835‌
NatWest
Group
PLC
450,199‌
1,821‌
Nordea
Bank
Abp
217,076‌
2,669‌
Oversea-Chinese
Banking
Corp
Ltd
233,000‌
2,508‌
Resona
Holdings
Inc
145,000‌
1,007‌
Shizuoka
Financial
Group
Inc
30,200‌
312‌
Skandinaviska
Enskilda
Banken
AB
109,182‌
1,555‌
Societe
Generale
SA
49,723‌
1,489‌
Standard
Chartered
PLC
151,883‌
1,513‌
Sumitomo
Mitsui
Financial
Group
Inc
86,100‌
5,635‌
Sumitomo
Mitsui
Trust
Holdings
Inc
45,088‌
1,048‌
Svenska
Handelsbanken
AB
100,355‌
944‌
Swedbank
AB
58,414‌
1,216‌
UBS
Group
AG
226,292‌
7,199‌
UniCredit
SpA
104,144‌
4,146‌
United
Overseas
Bank
Ltd
87,000‌
1,984‌
Schedule
of
Investments
International
Equity
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
98
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Banks
(continued)
Westpac
Banking
Corp
238,972‌
$
4,150‌
$
138,876‌
Beverages
-
1
.69
%
Anheuser-Busch
InBev
SA/NV
61,826‌
3,901‌
Asahi
Group
Holdings
Ltd
33,200‌
1,218‌
Carlsberg
AS
6,572‌
892‌
Coca-Cola
Europacific
Partners
PLC
14,206‌
1,047‌
Coca-Cola
HBC
AG
(e)
15,090‌
512‌
Davide
Campari-Milano
NV
42,357‌
424‌
Diageo
PLC
153,083‌
5,154‌
Endeavour
Group
Ltd/Australia
104,742‌
347‌
Heineken
Holding
NV
8,918‌
732‌
Heineken
NV
19,815‌
1,988‌
JDE
Peet's
NV
8,385‌
185‌
Kirin
Holdings
Co
Ltd
53,400‌
737‌
Pernod
Ricard
SA
14,071‌
2,107‌
Remy
Cointreau
SA
1,588‌
149‌
Suntory
Beverage
&
Food
Ltd
9,600‌
353‌
Treasury
Wine
Estates
Ltd
55,829‌
422‌
$
20,168‌
Biotechnology
-
0
.80
%
Argenx
SE
(e)
4,089‌
1,512‌
Bachem
Holding
AG
2,323‌
210‌
CSL
Ltd
33,249‌
6,224‌
Genmab
A/S
(e)
4,549‌
1,284‌
Swedish
Orphan
Biovitrum
AB
(e)
13,410‌
361‌
$
9,591‌
Building
Materials
-
1
.56
%
AGC
Inc
13,600‌
475‌
Cie
de
Saint-Gobain
SA
31,361‌
2,769‌
Daikin
Industries
Ltd
18,100‌
2,645‌
Geberit
AG
2,300‌
1,415‌
Heidelberg
Materials
AG
9,395‌
985‌
Holcim
AG
(e)
35,861‌
3,150‌
Investment
AB
Latour
(a)
10,187‌
285‌
James
Hardie
Industries
PLC
(e)
29,976‌
934‌
Kingspan
Group
PLC
10,716‌
1,032‌
Nibe
Industrier
AB
104,271‌
535‌
ROCKWOOL
A/S
640‌
269‌
Sika
AG
10,489‌
3,198‌
Svenska
Cellulosa
AB
SCA
41,695‌
640‌
TOTO
Ltd
9,700‌
243‌
$
18,575‌
Chemicals
-
2
.64
%
Air
Liquide
SA
36,106‌
7,108‌
Akzo
Nobel
NV
11,738‌
823‌
Arkema
SA
4,131‌
423‌
Asahi
Kasei
Corp
86,400‌
563‌
BASF
SE
61,408‌
3,250‌
Brenntag
SE
8,941‌
644‌
Clariant
AG
(e)
14,845‌
238‌
Covestro
AG
(e),(f)
13,004‌
701‌
Croda
International
PLC
9,127‌
533‌
DSM-Firmenich
AG
12,796‌
1,481‌
EMS-Chemie
Holding
AG
483‌
400‌
Evonik
Industries
AG
17,634‌
389‌
Givaudan
SA
635‌
2,994‌
ICL
Group
Ltd
52,814‌
250‌
Mitsubishi
Chemical
Group
Corp
93,300‌
494‌
Mitsui
Chemicals
Inc
11,700‌
355‌
Nippon
Paint
Holdings
Co
Ltd
65,200‌
439‌
Nippon
Sanso
Holdings
Corp
11,900‌
353‌
Nissan
Chemical
Corp
8,600‌
239‌
Nitto
Denko
Corp
9,900‌
758‌
Novonesis
(Novozymes)
B
25,671‌
1,531‌
OCI
NV
7,271‌
200‌
Shin-Etsu
Chemical
Co
Ltd
123,900‌
4,625‌
Syensqo
SA
5,099‌
510‌
Symrise
AG
9,136‌
1,091‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Chemicals
(continued)
Toray
Industries
Inc
95,400‌
$
478‌
Umicore
SA
14,410‌
285‌
Yara
International
ASA
11,391‌
354‌
$
31,509‌
Commercial
Services
-
2
.55
%
Adecco
Group
AG
11,589‌
440‌
Adyen
NV
(e),(f)
1,496‌
1,940‌
Amadeus
IT
Group
SA
30,996‌
2,213‌
Ashtead
Group
PLC
30,089‌
2,204‌
Brambles
Ltd
95,816‌
911‌
Bureau
Veritas
SA
21,854‌
658‌
Dai
Nippon
Printing
Co
Ltd
14,300‌
445‌
Edenred
SE
17,173‌
801‌
Experian
PLC
63,197‌
2,928‌
Intertek
Group
PLC
11,104‌
682‌
Nexi
SpA
(e),(f)
40,632‌
270‌
Randstad
NV
7,467‌
395‌
Recruit
Holdings
Co
Ltd
102,100‌
5,154‌
RELX
PLC
129,160‌
5,666‌
Rentokil
Initial
PLC
173,697‌
926‌
Secom
Co
Ltd
14,400‌
896‌
Securitas
AB
(a)
33,838‌
348‌
SGS
SA
10,313‌
960‌
TOPPAN
Holdings
Inc
15,800‌
409‌
Transurban
Group
212,751‌
1,778‌
Wise
PLC
(e)
42,305‌
445‌
$
30,469‌
Computers
-
0
.92
%
Bechtle
AG
5,635‌
275‌
Capgemini
SE
10,688‌
2,165‌
Check
Point
Software
Technologies
Ltd
(e)
6,214‌
935‌
CyberArk
Software
Ltd
(e)
2,912‌
668‌
Fujitsu
Ltd
121,100‌
1,754‌
Logitech
International
SA
10,719‌
1,073‌
NEC
Corp
16,900‌
1,258‌
Nomura
Research
Institute
Ltd
25,943‌
695‌
NTT
Data
Group
Corp
43,400‌
667‌
Obic
Co
Ltd
4,500‌
584‌
Otsuka
Corp
15,700‌
298‌
SCSK
Corp
10,800‌
205‌
Teleperformance
SE
3,711‌
424‌
$
11,001‌
Consumer
Products
-
0
.28
%
Henkel
AG
&
Co
KGaA
7,150‌
573‌
Reckitt
Benckiser
Group
PLC
48,612‌
2,782‌
$
3,355‌
Cosmetics
&
Personal
Care
-
2
.09
%
Beiersdorf
AG
6,936‌
1,087‌
Essity
AB
41,922‌
1,077‌
Haleon
PLC
471,248‌
1,958‌
Kao
Corp
32,000‌
1,402‌
L'Oreal
SA
16,556‌
8,172‌
Shiseido
Co
Ltd
27,500‌
873‌
Unicharm
Corp
27,800‌
897‌
Unilever
PLC
172,373‌
9,440‌
$
24,906‌
Distribution
&
Wholesale
-
1
.56
%
Bunzl
PLC
23,258‌
874‌
D'ieteren
Group
1,478‌
323‌
IMCD
NV
3,921‌
598‌
ITOCHU
Corp
81,800‌
3,862‌
Marubeni
Corp
98,000‌
1,919‌
Mitsubishi
Corp
230,000‌
4,854‌
Mitsui
&
Co
Ltd
88,500‌
4,506‌
Rexel
SA
15,518‌
472‌
Seven
Group
Holdings
Ltd
13,708‌
359‌
Toyota
Tsusho
Corp
14,600‌
892‌
$
18,659‌
Schedule
of
Investments
International
Equity
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
99
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Diversified
Financial
Services
-
1
.62
%
AerCap
Holdings
NV
14,089‌
$
1,306‌
Amundi
SA
(f)
4,224‌
326‌
ASX
Ltd
13,340‌
556‌
Daiwa
Securities
Group
Inc
91,800‌
722‌
Deutsche
Boerse
AG
13,073‌
2,605‌
Euronext
NV
(f)
5,527‌
544‌
Futu
Holdings
Ltd
ADR
(e)
3,854‌
290‌
Hargreaves
Lansdown
PLC
24,476‌
332‌
Hong
Kong
Exchanges
&
Clearing
Ltd
82,900‌
2,804‌
Japan
Exchange
Group
Inc
34,100‌
802‌
Julius
Baer
Group
Ltd
14,173‌
851‌
London
Stock
Exchange
Group
PLC
31,324‌
3,672‌
Mitsubishi
HC
Capital
Inc
55,500‌
368‌
Nomura
Holdings
Inc
206,700‌
1,255‌
ORIX
Corp
79,400‌
1,732‌
SBI
Holdings
Inc
18,690‌
484‌
Schroders
PLC
55,458‌
280‌
Singapore
Exchange
Ltd
59,000‌
418‌
$
19,347‌
Electric
-
2
.53
%
BKW
AG
1,454‌
229‌
Chubu
Electric
Power
Co
Inc
44,400‌
613‌
CLP
Holdings
Ltd
113,000‌
895‌
E.ON
SE
154,471‌
2,069‌
EDP
-
Energias
de
Portugal
SA
215,906‌
879‌
EDP
Renovaveis
SA
21,472‌
345‌
Elia
Group
SA/NV
2,023‌
206‌
Endesa
SA
21,854‌
435‌
Enel
SpA
559,599‌
4,063‌
Engie
SA
125,666‌
2,129‌
Fortum
Oyj
30,868‌
472‌
Iberdrola
SA
397,744‌
5,250‌
Kansai
Electric
Power
Co
Inc/The
48,400‌
876‌
Mercury
NZ
Ltd
47,957‌
197‌
Meridian
Energy
Ltd
89,051‌
371‌
National
Grid
PLC
253,925‌
2,877‌
National
Grid
PLC
-
Rights
(e)
74,061‌
185‌
Origin
Energy
Ltd
118,531‌
807‌
Orsted
AS
(e),(f)
13,016‌
798‌
Power
Assets
Holdings
Ltd
95,500‌
530‌
Redeia
Corp
SA
27,921‌
503‌
RWE
AG
43,501‌
1,653‌
Sembcorp
Industries
Ltd
61,500‌
232‌
SSE
PLC
75,232‌
1,693‌
Terna
-
Rete
Elettrica
Nazionale
96,806‌
815‌
Tokyo
Electric
Power
Co
Holdings
Inc
(e)
105,000‌
630‌
Verbund
AG
4,685‌
385‌
$
30,137‌
Electrical
Components
&
Equipment
-
0
.97
%
Brother
Industries
Ltd
16,100‌
310‌
Legrand
SA
18,166‌
1,972‌
Schneider
Electric
SE
37,442‌
9,341‌
$
11,623‌
Electronics
-
1
.68
%
ABB
Ltd
110,065‌
6,068‌
Assa
Abloy
AB
68,961‌
2,027‌
Halma
PLC
26,121‌
748‌
Hoya
Corp
24,100‌
2,934‌
Ibiden
Co
Ltd
7,800‌
315‌
Kyocera
Corp
88,300‌
1,001‌
MINEBEA
MITSUMI
Inc
25,000‌
526‌
Murata
Manufacturing
Co
Ltd
118,500‌
2,241‌
NIDEC
CORP
28,700‌
1,431‌
SCREEN
Holdings
Co
Ltd
5,600‌
536‌
Shimadzu
Corp
16,300‌
424‌
TDK
Corp
26,700‌
1,341‌
Yokogawa
Electric
Corp
15,700‌
404‌
$
19,996‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Energy
-
Alternate
Sources
-
0
.16
%
Vestas
Wind
Systems
A/S
(e)
69,482‌
$
1,950‌
Engineering
&
Construction
-
1
.13
%
Acciona
SA
1,699‌
218‌
ACS
Actividades
de
Construccion
y
Servicios
SA
14,018‌
628‌
Aena
SME
SA
(f)
5,160‌
1,009‌
Aeroports
de
Paris
SA
2,384‌
342‌
Auckland
International
Airport
Ltd
91,660‌
440‌
Bouygues
SA
13,048‌
511‌
Cellnex
Telecom
SA
-
Rights
(e),(f)
34,025‌
1,243‌
CK
Infrastructure
Holdings
Ltd
43,500‌
252‌
Eiffage
SA
5,057‌
559‌
Ferrovial
SE
35,394‌
1,399‌
Infrastrutture
Wireless
Italiane
SpA
(f)
23,123‌
254‌
Kajima
Corp
29,100‌
494‌
Keppel
Ltd
100,200‌
500‌
Obayashi
Corp
44,700‌
520‌
Skanska
AB
23,411‌
413‌
Taisei
Corp
11,400‌
433‌
Vinci
SA
34,480‌
4,303‌
$
13,518‌
Entertainment
-
0
.91
%
Aristocrat
Leisure
Ltd
39,339‌
1,183‌
CTS
Eventim
AG
&
Co
KGaA
4,293‌
372‌
Entain
PLC
43,963‌
383‌
Evolution
AB
(f)
12,656‌
1,365‌
Flutter
Entertainment
PLC
(e)
12,209‌
2,349‌
Genting
Singapore
Ltd
416,100‌
281‌
La
Francaise
des
Jeux
SAEM
(f)
7,228‌
260‌
Lottery
Corp
Ltd/The
153,140‌
499‌
Oriental
Land
Co
Ltd/Japan
75,100‌
2,100‌
Toho
Co
Ltd/Tokyo
7,700‌
244‌
Universal
Music
Group
NV
56,616‌
1,764‌
$
10,800‌
Food
-
3
.57
%
Aeon
Co
Ltd
45,100‌
973‌
Ajinomoto
Co
Inc
32,400‌
1,158‌
Barry
Callebaut
AG
246‌
428‌
Carrefour
SA
39,013‌
636‌
Chocoladefabriken
Lindt
&
Spruengli
AG
-
PC
67‌
780‌
Chocoladefabriken
Lindt
&
Spruengli
AG
-
REG
7‌
831‌
CK
Hutchison
Holdings
Ltd
184,632‌
902‌
Coles
Group
Ltd
92,156‌
1,010‌
Danone
SA
44,302‌
2,857‌
J
Sainsbury
PLC
114,458‌
406‌
Jeronimo
Martins
SGPS
SA
19,484‌
437‌
Kerry
Group
PLC
10,751‌
911‌
Kesko
Oyj
18,792‌
342‌
Kikkoman
Corp
46,700‌
543‌
Kobe
Bussan
Co
Ltd
10,400‌
230‌
Koninklijke
Ahold
Delhaize
NV
64,957‌
2,014‌
Lotus
Bakeries
NV
28‌
297‌
MEIJI
Holdings
Co
Ltd
16,100‌
361‌
Mowi
ASA
32,021‌
576‌
Nestle
SA
183,705‌
19,500‌
Nissin
Foods
Holdings
Co
Ltd
13,800‌
348‌
Orkla
ASA
48,231‌
386‌
Salmar
ASA
4,542‌
277‌
Seven
&
i
Holdings
Co
Ltd
154,000‌
1,988‌
Tesco
PLC
484,300‌
1,926‌
WH
Group
Ltd
(f)
573,500‌
391‌
Woolworths
Group
Ltd
84,049‌
1,772‌
Yakult
Honsha
Co
Ltd
17,600‌
321‌
$
42,601‌
Food
Service
-
0
.32
%
Compass
Group
PLC
117,172‌
3,290‌
Sodexo
SA
6,087‌
567‌
$
3,857‌
Schedule
of
Investments
International
Equity
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
100
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Forest
Products
&
Paper
-
0
.26
%
Holmen
AB
5,244‌
$
220‌
Mondi
PLC
30,371‌
605‌
Smurfit
Kappa
Group
PLC
17,964‌
876‌
UPM-Kymmene
Oyj
36,723‌
1,404‌
$
3,105‌
Gas
-
0
.21
%
Centrica
PLC
367,267‌
667‌
Hong
Kong
&
China
Gas
Co
Ltd
770,387‌
600‌
Osaka
Gas
Co
Ltd
25,400‌
578‌
Snam
SpA
138,742‌
658‌
$
2,503‌
Hand
&
Machine
Tools
-
0
.28
%
Fuji
Electric
Co
Ltd
8,700‌
519‌
Makita
Corp
15,400‌
454‌
Schindler
Holding
AG
-
PC
2,802‌
729‌
Schindler
Holding
AG
-
REG
1,615‌
409‌
Techtronic
Industries
Co
Ltd
94,500‌
1,163‌
$
3,274‌
Healthcare
-
Products
-
1
.98
%
Alcon
Inc
34,380‌
3,088‌
Carl
Zeiss
Meditec
AG
2,770‌
256‌
Cochlear
Ltd
4,506‌
971‌
Coloplast
A/S
8,678‌
1,044‌
Demant
A/S
(e)
6,845‌
329‌
DiaSorin
SpA
1,540‌
166‌
EssilorLuxottica
SA
20,297‌
4,552‌
Fisher
&
Paykel
Healthcare
Corp
Ltd
40,180‌
731‌
FUJIFILM
Holdings
Corp
77,000‌
1,758‌
Getinge
AB
15,737‌
282‌
Koninklijke
Philips
NV
(e)
55,318‌
1,511‌
Lifco
AB
16,038‌
426‌
Olympus
Corp
79,400‌
1,253‌
QIAGEN
NV
(e)
15,230‌
652‌
Sartorius
Stedim
Biotech
2,009‌
400‌
Siemens
Healthineers
AG
(f)
19,402‌
1,132‌
Smith
&
Nephew
PLC
60,157‌
761‌
Sonova
Holding
AG
3,487‌
1,108‌
Straumann
Holding
AG
7,680‌
1,006‌
Sysmex
Corp
34,600‌
593‌
Terumo
Corp
92,300‌
1,572‌
$
23,591‌
Healthcare
-
Services
-
0
.55
%
BioMerieux
2,851‌
303‌
Eurofins
Scientific
SE
9,294‌
561‌
Fresenius
Medical
Care
AG
14,131‌
603‌
Fresenius
SE
&
Co
KGaA
(e)
29,064‌
927‌
Lonza
Group
AG
5,124‌
2,781‌
Medibank
Pvt
Ltd
189,484‌
471‌
Ramsay
Health
Care
Ltd
12,647‌
398‌
Sonic
Healthcare
Ltd
31,401‌
511‌
$
6,555‌
Holding
Companies
-
Diversified
-
0
.07
%
Jardine
Matheson
Holdings
Ltd
10,868‌
401‌
Swire
Pacific
Ltd
29,000‌
252‌
Wharf
Holdings
Ltd/The
74,000‌
220‌
$
873‌
Home
Builders
-
0
.27
%
Barratt
Developments
PLC
67,055‌
435‌
Berkeley
Group
Holdings
PLC
7,292‌
492‌
Daiwa
House
Industry
Co
Ltd
38,600‌
1,027‌
Persimmon
PLC
21,996‌
411‌
Sekisui
Chemical
Co
Ltd
26,200‌
376‌
Taylor
Wimpey
PLC
243,506‌
461‌
$
3,202‌
Home
Furnishings
-
0
.78
%
Hoshizaki
Corp
7,500‌
269‌
Panasonic
Holdings
Corp
160,400‌
1,417‌
Rational
AG
352‌
300‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Home
Furnishings
(continued)
SEB
SA
1,713‌
$
212‌
Sony
Group
Corp
85,900‌
7,053‌
$
9,251‌
Insurance
-
5
.13
%
Admiral
Group
PLC
17,914‌
622‌
Aegon
Ltd
93,644‌
607‌
Ageas
SA/NV
10,993‌
548‌
AIA
Group
Ltd
773,200‌
6,006‌
Allianz
SE
26,952‌
7,890‌
ASR
Nederland
NV
10,905‌
528‌
Assicurazioni
Generali
SpA
(a)
70,175‌
1,806‌
Aviva
PLC
186,288‌
1,144‌
AXA
SA
124,957‌
4,512‌
Baloise
Holding
AG
3,152‌
545‌
Dai-ichi
Life
Holdings
Inc
62,300‌
1,676‌
Gjensidige
Forsikring
ASA
13,761‌
242‌
Hannover
Rueck
SE
4,149‌
1,031‌
Helvetia
Holding
AG
2,554‌
343‌
Insurance
Australia
Group
Ltd
164,297‌
681‌
Japan
Post
Holdings
Co
Ltd
143,400‌
1,385‌
Japan
Post
Insurance
Co
Ltd
13,200‌
254‌
Legal
&
General
Group
PLC
411,423‌
1,319‌
M&G
PLC
155,550‌
398‌
MS&AD
Insurance
Group
Holdings
Inc
88,500‌
1,841‌
Muenchener
Rueckversicherungs-Gesellschaft
AG
in
Muenchen
9,389‌
4,682‌
NN
Group
NV
18,628‌
869‌
Phoenix
Group
Holdings
PLC
48,237‌
307‌
Prudential
PLC
189,186‌
1,812‌
QBE
Insurance
Group
Ltd
103,369‌
1,229‌
Sampo
Oyj
31,061‌
1,330‌
Sompo
Holdings
Inc
61,350‌
1,298‌
Suncorp
Group
Ltd
87,539‌
930‌
Swiss
Life
Holding
AG
2,030‌
1,419‌
Swiss
Re
AG
20,752‌
2,646‌
T&D
Holdings
Inc
33,700‌
609‌
Talanx
AG
4,442‌
354‌
Tokio
Marine
Holdings
Inc
129,300‌
4,480‌
Tryg
A/S
24,023‌
495‌
Zurich
Insurance
Group
AG
10,070‌
5,300‌
$
61,138‌
Internet
-
0
.91
%
Auto
Trader
Group
PLC
(f)
61,941‌
652‌
CAR
Group
Ltd
24,651‌
576‌
Delivery
Hero
SE
(e),(f)
13,204‌
404‌
Grab
Holdings
Ltd
(e)
144,649‌
531‌
LY
Corp
183,900‌
437‌
M3
Inc
30,400‌
295‌
MonotaRO
Co
Ltd
17,200‌
182‌
Prosus
NV
(e)
97,534‌
3,541‌
Rakuten
Group
Inc
103,200‌
537‌
Scout24
SE
(f)
5,160‌
388‌
Sea
Ltd
ADR
(e)
25,199‌
1,701‌
SEEK
Ltd
24,509‌
369‌
Trend
Micro
Inc/Japan
9,200‌
416‌
Wix.com
Ltd
(e)
3,637‌
586‌
ZOZO
Inc
9,300‌
217‌
$
10,832‌
Investment
Companies
-
0
.53
%
Eurazeo
SE
3,141‌
265‌
EXOR
NV
6,842‌
768‌
Groupe
Bruxelles
Lambert
NV
6,056‌
464‌
Industrivarden
AB
-
A
Shares
8,487‌
302‌
Industrivarden
AB
-
C
Shares
10,830‌
381‌
Investor
AB
-
B
Shares
119,087‌
3,232‌
L
E
Lundbergforetagen
AB
5,229‌
266‌
Sofina
SA
1,060‌
258‌
Washington
H
Soul
Pattinson
&
Co
Ltd
16,144‌
335‌
$
6,271‌
Schedule
of
Investments
International
Equity
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
101
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Iron
&
Steel
-
0
.49
%
ArcelorMittal
SA
32,272‌
$
851‌
BlueScope
Steel
Ltd
30,439‌
430‌
Fortescue
Ltd
116,513‌
1,925‌
JFE
Holdings
Inc
39,600‌
599‌
Mineral
Resources
Ltd
12,089‌
581‌
Nippon
Steel
Corp
58,877‌
1,289‌
voestalpine
AG
7,371‌
216‌
$
5,891‌
Leisure
Products
&
Services
-
0
.12
%
Shimano
Inc
5,300‌
865‌
Yamaha
Motor
Co
Ltd
61,400‌
601‌
$
1,466‌
Lodging
-
0
.28
%
Accor
SA
(e)
13,341‌
582‌
Galaxy
Entertainment
Group
Ltd
150,000‌
723‌
InterContinental
Hotels
Group
PLC
11,224‌
1,140‌
Sands
China
Ltd
(e)
167,200‌
401‌
Whitbread
PLC
12,694‌
481‌
$
3,327‌
Machinery
-
Construction
&
Mining
-
1
.48
%
Epiroc
AB
-
A
Shares
45,342‌
952‌
Epiroc
AB
-
B
Shares
26,832‌
504‌
Hitachi
Construction
Machinery
Co
Ltd
7,400‌
202‌
Hitachi
Ltd
63,800‌
6,571‌
Komatsu
Ltd
63,600‌
1,869‌
Metso
Oyj
42,777‌
523‌
Mitsubishi
Electric
Corp
132,900‌
2,309‌
Mitsubishi
Heavy
Industries
Ltd
220,500‌
1,929‌
Sandvik
AB
73,360‌
1,620‌
Siemens
Energy
AG
(e)
41,246‌
1,123‌
$
17,602‌
Machinery
-
Diversified
-
1
.90
%
Atlas
Copco
AB
-
A
Shares
184,809‌
3,560‌
Atlas
Copco
AB
-
B
Shares
107,393‌
1,783‌
Beijer
Ref
AB
24,827‌
406‌
Daifuku
Co
Ltd
20,900‌
366‌
FANUC
Corp
65,500‌
1,834‌
GEA
Group
AG
10,671‌
447‌
Hexagon
AB
142,848‌
1,573‌
Husqvarna
AB
24,123‌
201‌
Keyence
Corp
13,360‌
6,022‌
Kone
Oyj
23,385‌
1,193‌
Kubota
Corp
68,800‌
974‌
Omron
Corp
12,100‌
395‌
SMC
Corp
3,900‌
1,970‌
Spirax-Sarco
Engineering
PLC
5,065‌
579‌
Wartsila
OYJ
Abp
34,606‌
726‌
Yaskawa
Electric
Corp
16,500‌
632‌
$
22,661‌
Media
-
0
.43
%
Bollore
SE
49,017‌
330‌
Informa
PLC
93,632‌
1,019‌
Pearson
PLC
42,024‌
511‌
Vivendi
SE
49,603‌
547‌
Wolters
Kluwer
NV
17,099‌
2,727‌
$
5,134‌
Metal
Fabrication
&
Hardware
-
0
.27
%
Prysmian
SpA
18,075‌
1,189‌
SKF
AB
23,452‌
515‌
Tenaris
SA
32,490‌
537‌
VAT
Group
AG
(f)
1,857‌
1,018‌
$
3,259‌
Mining
-
2
.69
%
Anglo
American
PLC
87,428‌
2,830‌
Antofagasta
PLC
27,132‌
770‌
BHP
Group
Ltd
348,938‌
10,385‌
Boliden
AB
18,818‌
660‌
Endeavour
Mining
PLC
12,643‌
279‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Mining
(continued)
Glencore
PLC
713,530‌
$
4,398‌
Norsk
Hydro
ASA
91,287‌
618‌
Northern
Star
Resources
Ltd
79,088‌
756‌
Pilbara
Minerals
Ltd
196,725‌
501‌
Rio
Tinto
Ltd
25,541‌
2,197‌
Rio
Tinto
PLC
77,559‌
5,460‌
South32
Ltd
311,628‌
826‌
Sumitomo
Corp
71,500‌
1,860‌
Sumitomo
Metal
Mining
Co
Ltd
17,000‌
553‌
$
32,093‌
Miscellaneous
Manufacturers
-
1
.16
%
Alfa
Laval
AB
19,906‌
925‌
Alstom
SA
(a)
19,675‌
387‌
Alstom
SA
-
Rights
(a),(e)
19,675‌
21‌
Indutrade
AB
18,800‌
488‌
Knorr-Bremse
AG
4,991‌
384‌
Orica
Ltd
33,445‌
409‌
Siemens
AG
52,290‌
10,079‌
Smiths
Group
PLC
23,874‌
528‌
Trelleborg
AB
14,813‌
580‌
$
13,801‌
Office
&
Business
Equipment
-
0
.22
%
Canon
Inc
(a)
68,900‌
2,005‌
Ricoh
Co
Ltd
37,700‌
339‌
Seiko
Epson
Corp
19,900‌
321‌
$
2,665‌
Oil
&
Gas
-
4
.08
%
Aker
BP
ASA
21,743‌
561‌
Ampol
Ltd
16,396‌
380‌
BP
PLC
1,157,529‌
7,241‌
DCC
PLC
(e)
6,801‌
497‌
ENEOS
Holdings
Inc
198,230‌
1,025‌
Eni
SpA
146,889‌
2,320‌
Equinor
ASA
61,986‌
1,799‌
Galp
Energia
SGPS
SA
31,976‌
673‌
Idemitsu
Kosan
Co
Ltd
62,305‌
427‌
Inpex
Corp
65,000‌
1,003‌
Neste
Oyj
29,108‌
611‌
OMV
AG
10,133‌
512‌
Repsol
SA
83,760‌
1,367‌
Santos
Ltd
223,457‌
1,135‌
Shell
PLC
440,570‌
15,902‌
TotalEnergies
SE
147,800‌
10,829‌
Woodside
Energy
Group
Ltd
130,640‌
2,417‌
$
48,699‌
Packaging
&
Containers
-
0
.09
%
SIG
Group
AG
(e)
21,042‌
438‌
Stora
Enso
Oyj
40,037‌
587‌
$
1,025‌
Pharmaceuticals
-
9
.26
%
Amplifon
SpA
8,567‌
317‌
Astellas
Pharma
Inc
124,600‌
1,223‌
AstraZeneca
PLC
106,661‌
16,580‌
Bayer
AG
67,594‌
2,080‌
Chugai
Pharmaceutical
Co
Ltd
46,200‌
1,406‌
Daiichi
Sankyo
Co
Ltd
127,200‌
4,490‌
Eisai
Co
Ltd
17,300‌
743‌
Grifols
SA
(e)
20,523‌
209‌
GSK
PLC
285,181‌
6,399‌
Hikma
Pharmaceuticals
PLC
11,449‌
283‌
Ipsen
SA
2,595‌
340‌
Kyowa
Kirin
Co
Ltd
18,600‌
314‌
Merck
KGaA
8,892‌
1,616‌
Novartis
AG
135,606‌
14,035‌
Novo
Nordisk
A/S
224,531‌
30,421‌
Ono
Pharmaceutical
Co
Ltd
25,700‌
372‌
Orion
Oyj
7,424‌
302‌
Otsuka
Holdings
Co
Ltd
28,800‌
1,189‌
Recordati
Industria
Chimica
e
Farmaceutica
SpA
7,195‌
380‌
Schedule
of
Investments
International
Equity
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
102
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Pharmaceuticals
(continued)
Roche
Holding
AG
2,202‌
$
616‌
Roche
Holding
AG
48,338‌
12,342‌
Sandoz
Group
AG
28,171‌
997‌
Sanofi
SA
78,320‌
7,668‌
Shionogi
&
Co
Ltd
17,300‌
779‌
Takeda
Pharmaceutical
Co
Ltd
108,900‌
2,899‌
Teva
Pharmaceutical
Industries
Ltd
ADR
(e)
77,085‌
1,305‌
UCB
SA
8,699‌
1,220‌
$
110,525‌
Pipelines
-
0
.04
%
APA
Group
88,299‌
486‌
Private
Equity
-
0
.48
%
3i
Group
PLC
66,971‌
2,468‌
CapitaLand
Investment
Ltd/Singapore
179,100‌
354‌
EQT
AB
(a)
25,699‌
787‌
Partners
Group
Holding
AG
1,561‌
2,101‌
$
5,710‌
Real
Estate
-
1
.01
%
Azrieli
Group
Ltd
2,897‌
175‌
CK
Asset
Holdings
Ltd
134,132‌
531‌
Daito
Trust
Construction
Co
Ltd
4,000‌
422‌
Fastighets
AB
Balder
(e)
45,601‌
309‌
Henderson
Land
Development
Co
Ltd
99,982‌
313‌
Hongkong
Land
Holdings
Ltd
75,929‌
258‌
Hulic
Co
Ltd
(a)
26,400‌
245‌
LEG
Immobilien
SE
5,099‌
453‌
Mitsubishi
Estate
Co
Ltd
77,400‌
1,305‌
Mitsui
Fudosan
Co
Ltd
183,700‌
1,688‌
Nomura
Real
Estate
Holdings
Inc
7,600‌
196‌
REA
Group
Ltd
3,636‌
455‌
Sagax
AB
15,114‌
399‌
Sekisui
House
Ltd
41,000‌
923‌
Sino
Land
Co
Ltd
267,073‌
284‌
Sumitomo
Realty
&
Development
Co
Ltd
19,600‌
614‌
Sun
Hung
Kai
Properties
Ltd
99,500‌
961‌
Swire
Properties
Ltd
80,400‌
148‌
Swiss
Prime
Site
AG
5,319‌
493‌
Vonovia
SE
50,445‌
1,586‌
Wharf
Real
Estate
Investment
Co
Ltd
115,000‌
335‌
$
12,093‌
REITs
-
0
.98
%
CapitaLand
Ascendas
REIT
256,950‌
498‌
CapitaLand
Integrated
Commercial
Trust
370,538‌
540‌
Covivio
SA/France
3,475‌
181‌
Dexus
74,002‌
336‌
Gecina
SA
3,165‌
342‌
Goodman
Group
117,602‌
2,643‌
GPT
Group/The
131,798‌
370‌
Japan
Real
Estate
Investment
Corp
88‌
290‌
Klepierre
SA
14,803‌
430‌
Land
Securities
Group
PLC
48,689‌
409‌
Link
REIT
175,640‌
741‌
Mirvac
Group
271,488‌
356‌
Nippon
Building
Fund
Inc
105‌
392‌
Nippon
Prologis
REIT
Inc
156‌
257‌
Nomura
Real
Estate
Master
Fund
Inc
276‌
259‌
Scentre
Group
357,437‌
754‌
Segro
PLC
87,468‌
1,027‌
Stockland
164,245‌
495‌
Unibail-Rodamco-Westfield
8,132‌
716‌
Vicinity
Ltd
266,229‌
348‌
Warehouses
De
Pauw
CVA
12,079‌
354‌
$
11,738‌
Retail
-
2
.12
%
Associated
British
Foods
PLC
23,280‌
760‌
Avolta
AG
6,300‌
256‌
Cie
Financiere
Richemont
SA
36,987‌
5,952‌
Fast
Retailing
Co
Ltd
12,000‌
3,082‌
H
&
M
Hennes
&
Mauritz
AB
(a)
39,501‌
698‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Retail
(continued)
Industria
de
Diseno
Textil
SA
75,052‌
$
3,569‌
JD
Sports
Fashion
PLC
178,308‌
293‌
Kingfisher
PLC
128,827‌
436‌
MatsukiyoCocokara
&
Co
23,600‌
334‌
McDonald's
Holdings
Co
Japan
Ltd
5,900‌
242‌
Moncler
SpA
15,126‌
1,009‌
Next
PLC
8,310‌
995‌
Nitori
Holdings
Co
Ltd
5,500‌
606‌
Pan
Pacific
International
Holdings
Corp
26,200‌
678‌
Pandora
A/S
5,642‌
927‌
Reece
Ltd
15,556‌
270‌
Swatch
Group
AG/The
-
BR
1,990‌
426‌
Swatch
Group
AG/The
-
REG
3,620‌
151‌
Tokyo
Gas
Co
Ltd
24,800‌
557‌
Wesfarmers
Ltd
78,077‌
3,387‌
Zalando
SE
(e),(f)
15,427‌
410‌
Zensho
Holdings
Co
Ltd
6,600‌
260‌
$
25,298‌
Semiconductors
-
4
.22
%
Advantest
Corp
52,800‌
1,758‌
ASM
International
NV
3,231‌
2,274‌
ASML
Holding
NV
27,493‌
26,304‌
BE
Semiconductor
Industries
NV
5,304‌
789‌
Disco
Corp
6,300‌
2,478‌
Hamamatsu
Photonics
KK
9,700‌
287‌
Infineon
Technologies
AG
89,851‌
3,635‌
Lasertec
Corp
5,500‌
1,414‌
Renesas
Electronics
Corp
102,900‌
1,896‌
Rohm
Co
Ltd
22,700‌
294‌
STMicroelectronics
NV
46,585‌
1,967‌
SUMCO
Corp
24,100‌
362‌
Tokyo
Electron
Ltd
32,400‌
6,881‌
$
50,339‌
Shipbuilding
-
0
.04
%
Kongsberg
Gruppen
ASA
6,052‌
520‌
Software
-
1
.77
%
Capcom
Co
Ltd
23,900‌
442‌
Dassault
Systemes
SE
46,044‌
1,871‌
Global-e
Online
Ltd
(e)
6,865‌
214‌
Konami
Group
Corp
6,900‌
484‌
Monday.com
Ltd
(e)
2,525‌
570‌
Nemetschek
SE
3,974‌
365‌
Nexon
Co
Ltd
23,100‌
397‌
Oracle
Corp
Japan
2,600‌
185‌
Pro
Medicus
Ltd
3,952‌
318‌
Sage
Group
PLC/The
69,119‌
908‌
SAP
SE
71,847‌
13,102‌
Temenos
AG
4,396‌
284‌
TIS
Inc
14,600‌
267‌
WiseTech
Global
Ltd
11,471‌
746‌
Xero
Ltd
(e)
9,956‌
904‌
$
21,057‌
Telecommunications
-
2
.67
%
BT
Group
PLC
445,067‌
745‌
Deutsche
Telekom
AG
223,004‌
5,422‌
Elisa
Oyj
9,786‌
456‌
Hikari
Tsushin
Inc
1,200‌
197‌
HKT
Trust
&
HKT
Ltd
260,980‌
304‌
KDDI
Corp
103,000‌
2,838‌
Koninklijke
KPN
NV
271,595‌
1,018‌
Nice
Ltd
(e)
4,323‌
798‌
Nippon
Telegraph
&
Telephone
Corp
2,055,900‌
2,019‌
Nokia
OYJ
366,915‌
1,435‌
Orange
SA
128,114‌
1,496‌
Singapore
Telecommunications
Ltd
568,100‌
1,045‌
SoftBank
Corp
196,300‌
2,354‌
SoftBank
Group
Corp
70,800‌
4,097‌
Spark
New
Zealand
Ltd
124,820‌
321‌
Swisscom
AG
1,782‌
989‌
Schedule
of
Investments
International
Equity
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
103
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Telecommunications
(continued)
Tele2
AB
36,916‌
$
361‌
Telecom
Italia
SpA/Milano
(a),(e)
685,568‌
181‌
Telefonaktiebolaget
LM
Ericsson
190,870‌
1,176‌
Telefonica
SA
316,520‌
1,479‌
Telenor
ASA
43,329‌
505‌
Telia
Co
AB
162,325‌
422‌
Telstra
Group
Ltd
278,243‌
645‌
Vodafone
Group
PLC
1,583,718‌
1,531‌
$
31,834‌
Toys,
Games
&
Hobbies
-
0
.39
%
Bandai
Namco
Holdings
Inc
41,300‌
754‌
Nintendo
Co
Ltd
71,500‌
3,888‌
$
4,642‌
Transportation
-
1
.31
%
AP
Moller
-
Maersk
A/S
-
A
210‌
368‌
AP
Moller
-
Maersk
A/S
-
B
309‌
562‌
Aurizon
Holdings
Ltd
126,646‌
311‌
Central
Japan
Railway
Co
53,200‌
1,187‌
DHL
Group
68,201‌
2,871‌
DSV
A/S
11,780‌
1,814‌
East
Japan
Railway
Co
62,400‌
1,082‌
Getlink
SE
20,813‌
367‌
Hankyu
Hanshin
Holdings
Inc
15,700‌
412‌
InPost
SA
(e)
13,761‌
248‌
Kawasaki
Kisen
Kaisha
Ltd
27,000‌
401‌
Keisei
Electric
Railway
Co
Ltd
8,900‌
320‌
Kintetsu
Group
Holdings
Co
Ltd
12,500‌
266‌
Kuehne
+
Nagel
International
AG
3,324‌
943‌
Mitsui
OSK
Lines
Ltd
23,700‌
781‌
MTR
Corp
Ltd
107,000‌
364‌
Nippon
Express
Holdings
Inc
5,000‌
246‌
Nippon
Yusen
KK
31,600‌
1,002‌
Poste
Italiane
SpA
(f)
31,453‌
432‌
SG
Holdings
Co
Ltd
21,900‌
221‌
SITC
International
Holdings
Co
Ltd
92,000‌
236‌
Tokyu
Corp
34,400‌
401‌
West
Japan
Railway
Co
30,200‌
602‌
Yamato
Holdings
Co
Ltd
17,400‌
200‌
$
15,637‌
Water
-
0
.23
%
Severn
Trent
PLC
18,521‌
566‌
United
Utilities
Group
PLC
46,916‌
611‌
Veolia
Environnement
SA
47,415‌
1,587‌
$
2,764‌
TOTAL
COMMON
STOCKS
$
1,158,072‌
PREFERRED
STOCKS
-
0
.42
%
Shares
Held
Value
(000's)
Automobile
Manufacturers
-
0
.29
%
Bayerische
Motoren
Werke
AG
6.02%
4,054‌
$
392‌
Dr
Ing
hc
F
Porsche
AG
2.31%
(f)
7,835‌
651‌
Porsche
Automobil
Holding
SE
2.56%
10,535‌
581‌
Volkswagen
AG
9.06%
14,188‌
1,783‌
$
3,407‌
Consumer
Products
-
0
.09
%
Henkel
AG
&
Co
KGaA
1.85%
11,646‌
1,054‌
Electronics
-
0
.04
%
Sartorius
AG
0.74%
1,803‌
478‌
TOTAL
PREFERRED
STOCKS
$
4,939‌
Total
Investments
$
1,210,973‌
Other
Assets
and
Liabilities
-  (1.51)%
(
17,961‌
)
TOTAL
NET
ASSETS
-
100.00%
$
1,193,012‌
(a)
Security
or
a
portion
of
the
security
was
on
loan.  At
the
end
of
the
period,
the
value
of
these
securities
totaled
$25,225
or
2.11%
of
net
assets.
(b)
1-day
yield
shown
is
as
of
period
end.
(c)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$25,862
or
2.17%
of
net
assets.
(d)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(e)
Non-income
producing
security
(f)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$14,697
or
1.23%
of
net
assets.
Portfolio
Summary
Location
Percent
Japan
21
.93‌
%
United
Kingdom
13
.46‌
%
France
11
.36‌
%
Switzerland
9
.97‌
%
Germany
8
.41‌
%
Australia
6
.88‌
%
Netherlands
5
.34‌
%
United
States
4
.02‌
%
Denmark
3
.70‌
%
Sweden
3
.19‌
%
Spain
2
.58‌
%
Italy
2
.39‌
%
Hong
Kong
1
.93‌
%
Singapore
1
.28‌
%
Ireland
1
.05‌
%
Finland
1
.01‌
%
Belgium
0
.81‌
%
Israel
0
.71‌
%
Norway
0
.58‌
%
New
Zealand
0
.26‌
%
Austria
0
.19‌
%
Portugal
0
.17‌
%
Luxembourg
0
.16‌
%
Chile
0
.06‌
%
Macao
0
.03‌
%
Jordan
0
.02‌
%
Poland
0
.02‌
%
Other
Assets
and
Liabilities
(
1
.51‌
)
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
International
Equity
Index
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
104
Affiliated
Securities
August
31,
2023
Purchases
Sales
May
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
$
4,610‌
$
283,074‌
$
269,283‌
$
18,401‌
$
4,610‌
$
283,074‌
$
269,283‌
$
18,401‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
$
84‌
$
—‌
$
—‌
$
—‌
$
84‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
eMini
MSCI
EAFE;
June
2024
Long
21‌
$
2,489‌
$
110‌
Total
$
110‌
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
International
Small
Company
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
105
INVESTMENT
COMPANIES
-
1
.45
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
1
.45
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
5.21%
(a),(b)
4,557,095‌
$
4,557‌
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
(a),(c)
6,084,059‌
6,084‌
$
10,641‌
TOTAL
INVESTMENT
COMPANIES
$
10,641‌
COMMON
STOCKS
-
98
.02
%
Shares
Held
Value
(000's)
Advertising
-
0
.55
%
Stroeer
SE
&
Co
KGaA
56,959‌
$
4,064‌
Aerospace
&
Defense
-
0
.76
%
Saab
AB
230,218‌
5,588‌
Agriculture
-
0
.40
%
GrainCorp
Ltd
522,026‌
2,901‌
Airlines
-
0
.65
%
JET2
PLC
281,599‌
4,802‌
Apparel
-
1
.46
%
Asics
Corp
109,200‌
6,066‌
Gildan
Activewear
Inc
122,100‌
4,671‌
$
10,737‌
Automobile
Parts
&
Equipment
-
1
.83
%
CIE
Automotive
SA
88,889‌
2,725‌
Forvia
SE
271,416‌
4,456‌
Nifco
Inc/Japan
171,500‌
4,105‌
Yokohama
Rubber
Co
Ltd/The
86,100‌
2,162‌
$
13,448‌
Banks
-
5
.60
%
Banca
Mediolanum
SpA
501,154‌
5,770‌
Banca
Monte
dei
Paschi
di
Siena
SpA
895,035‌
4,835‌
Bank
of
Ireland
Group
PLC
339,279‌
3,899‌
BAWAG
Group
AG
(d),(e)
99,284‌
6,568‌
Chiba
Bank
Ltd/The
604,100‌
5,774‌
Concordia
Financial
Group
Ltd
799,400‌
4,827‌
Mebuki
Financial
Group
Inc
1,359,100‌
5,462‌
Sydbank
AS
75,209‌
4,008‌
$
41,143‌
Beverages
-
0
.66
%
Royal
Unibrew
A/S
59,371‌
4,880‌
Biotechnology
-
0
.51
%
Bavarian
Nordic
A/S
(d)
138,799‌
3,745‌
Building
Materials
-
2
.85
%
Breedon
Group
PLC
691,745‌
3,431‌
Buzzi
SpA
136,680‌
5,779‌
Interfor
Corp
(d)
191,100‌
2,487‌
Sumitomo
Osaka
Cement
Co
Ltd
159,400‌
3,954‌
Wienerberger
AG
140,803‌
5,285‌
$
20,936‌
Chemicals
-
2
.28
%
ADEKA
Corp
184,800‌
3,973‌
Air
Water
Inc
335,100‌
4,902‌
Fuso
Chemical
Co
Ltd
135,300‌
3,312‌
NOF
Corp
355,500‌
4,579‌
$
16,766‌
Commercial
Services
-
3
.75
%
4imprint
Group
PLC
58,556‌
4,953‌
Element
Fleet
Management
Corp
227,000‌
4,034‌
Elis
SA
264,034‌
6,713‌
GMO
Payment
Gateway
Inc
69,100‌
2,984‌
Securitas
AB
(f)
506,934‌
5,217‌
TechnoPro
Holdings
Inc
217,200‌
3,615‌
$
27,516‌
Computers
-
4
.09
%
Computacenter
PLC
127,088‌
4,591‌
CyberArk
Software
Ltd
(d)
17,458‌
4,002‌
Ferrotec
Holdings
Corp
207,600‌
3,549‌
Internet
Initiative
Japan
Inc
189,800‌
2,674‌
Keywords
Studios
PLC
219,877‌
6,306‌
Serco
Group
PLC
1,962,802‌
4,472‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Computers
(continued)
Sopra
Steria
Group
18,752‌
$
4,457‌
$
30,051‌
Distribution
&
Wholesale
-
2
.58
%
Rexel
SA
157,428‌
4,784‌
Seven
Group
Holdings
Ltd
180,168‌
4,723‌
Sojitz
Corp
230,100‌
6,020‌
Toromont
Industries
Ltd
38,804‌
3,389‌
$
18,916‌
Diversified
Financial
Services
-
2
.61
%
BFF
Bank
SpA
(e)
308,774‌
3,081‌
Credit
Saison
Co
Ltd
261,000‌
5,658‌
IG
Group
Holdings
PLC
462,314‌
4,783‌
Man
Group
PLC/Jersey
1,665,752‌
5,630‌
$
19,152‌
Electric
-
2
.30
%
BKW
AG
24,006‌
3,783‌
Capital
Power
Corp
161,500‌
4,660‌
Hera
SpA
1,203,052‌
4,441‌
Sembcorp
Industries
Ltd
1,057,000‌
3,994‌
$
16,878‌
Electronics
-
2
.16
%
Celestica
Inc
(d)
109,100‌
6,099‌
NKT
A/S
(d)
67,806‌
5,888‌
SCREEN
Holdings
Co
Ltd
40,300‌
3,855‌
$
15,842‌
Energy
-
Alternate
Sources
-
0
.58
%
ERG
SpA
152,032‌
4,260‌
Engineering
&
Construction
-
5
.11
%
Balfour
Beatty
PLC
825,157‌
3,921‌
Fraport
AG
Frankfurt
Airport
Services
Worldwide
(d),(f)
45,229‌
2,624‌
INFRONEER
Holdings
Inc
433,900‌
3,758‌
Kajima
Corp
220,200‌
3,741‌
Kinden
Corp
209,100‌
4,454‌
SPIE
SA
134,611‌
5,568‌
Stantec
Inc
55,590‌
4,487‌
Technip
Energies
NV
177,031‌
4,283‌
Ventia
Services
Group
Pty
Ltd
1,970,811‌
4,733‌
$
37,569‌
Entertainment
-
1
.09
%
CTS
Eventim
AG
&
Co
KGaA
53,888‌
4,675‌
Entain
PLC
384,949‌
3,354‌
$
8,029‌
Food
-
3
.56
%
AAK
AB
192,420‌
5,404‌
Cranswick
PLC
71,111‌
4,053‌
Empire
Co
Ltd
128,500‌
3,044‌
Sonae
SGPS
SA
2,896,429‌
2,990‌
Toyo
Suisan
Kaisha
Ltd
88,500‌
6,380‌
Yamazaki
Baking
Co
Ltd
193,800‌
4,261‌
$
26,132‌
Hand
&
Machine
Tools
-
1
.53
%
Amada
Co
Ltd
487,600‌
5,504‌
DMG
Mori
Co
Ltd
201,700‌
5,742‌
$
11,246‌
Healthcare
-
Products
-
1
.24
%
ConvaTec
Group
PLC
(e)
1,483,754‌
4,730‌
Tecan
Group
AG
12,322‌
4,386‌
$
9,116‌
Healthcare
-
Services
-
0
.42
%
Amvis
Holdings
Inc
242,600‌
3,070‌
Insurance
-
2
.49
%
ASR
Nederland
NV
108,503‌
5,252‌
AUB
Group
Ltd
176,371‌
3,484‌
Beazley
PLC
615,908‌
5,446‌
SCOR
SE
141,833‌
4,099‌
$
18,281‌
Schedule
of
Investments
International
Small
Company
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
106
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Internet
-
0
.57
%
Scout24
SE
(e)
55,361‌
$
4,165‌
Leisure
Products
&
Services
-
1
.00
%
BRP
Inc
51,500‌
3,218‌
Flight
Centre
Travel
Group
Ltd
330,277‌
4,160‌
$
7,378‌
Lodging
-
1
.14
%
MGM
China
Holdings
Ltd
2,618,400‌
4,658‌
Whitbread
PLC
97,556‌
3,700‌
$
8,358‌
Machinery
-
Construction
&
Mining
-
0
.75
%
Weir
Group
PLC/The
202,880‌
5,544‌
Machinery
-
Diversified
-
3
.40
%
ANDRITZ
AG
68,501‌
4,114‌
ATS
Corp
(d)
134,900‌
4,298‌
IMI
PLC
237,619‌
5,680‌
KION
Group
AG
95,171‌
4,502‌
Okuma
Holdings
Inc
83,800‌
3,588‌
Organo
Corp
49,800‌
2,805‌
$
24,987‌
Media
-
0
.95
%
Fuji
Media
Holdings
Inc
316,700‌
3,596‌
Quebecor
Inc
159,500‌
3,364‌
$
6,960‌
Metal
Fabrication
&
Hardware
-
1
.29
%
Vallourec
SACA
(d)
298,739‌
5,351‌
VAT
Group
AG
(e)
7,468‌
4,095‌
$
9,446‌
Mining
-
4
.45
%
Alamos
Gold
Inc
345,800‌
5,782‌
Bellevue
Gold
Ltd
(d)
2,687,631‌
3,513‌
Capstone
Copper
Corp
(d)
536,900‌
3,781‌
Constellium
SE
(d)
215,235‌
4,664‌
De
Grey
Mining
Ltd
(d)
3,818,990‌
2,892‌
Deterra
Royalties
Ltd
762,276‌
2,356‌
Filo
Corp
(d)
229,000‌
4,229‌
Osisko
Gold
Royalties
Ltd
327,200‌
5,493‌
$
32,710‌
Miscellaneous
Manufacturers
-
2
.47
%
Amano
Corp
137,200‌
3,298‌
Diploma
PLC
109,589‌
5,745‌
Towa
Corp
41,200‌
3,150‌
Trelleborg
AB
151,786‌
5,939‌
$
18,132‌
Office
&
Business
Equipment
-
0
.51
%
Canon
Marketing
Japan
Inc
131,300‌
3,714‌
Oil
&
Gas
-
3
.11
%
Ampol
Ltd
139,730‌
3,240‌
ARC
Resources
Ltd
257,000‌
4,863‌
Seadrill
Ltd
(d)
70,511‌
3,658‌
Var
Energi
ASA
1,363,763‌
4,854‌
Veren
Inc
715,400‌
6,225‌
$
22,840‌
Packaging
&
Containers
-
1
.85
%
DS
Smith
PLC
1,095,155‌
5,371‌
Gerresheimer
AG
22,523‌
2,580‌
Orora
Ltd
1,730,270‌
2,370‌
Rengo
Co
Ltd
479,900‌
3,237‌
$
13,558‌
Pharmaceuticals
-
2
.74
%
ALK-Abello
A/S
(d)
159,729‌
3,568‌
Hikma
Pharmaceuticals
PLC
147,076‌
3,636‌
Indivior
PLC
(d)
227,577‌
4,214‌
Rohto
Pharmaceutical
Co
Ltd
254,700‌
4,490‌
Suzuken
Co
Ltd/Aichi
Japan
101,100‌
3,052‌
Zealand
Pharma
A/S
(d)
12,268‌
1,151‌
$
20,111‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Pipelines
-
0
.53
%
Keyera
Corp
146,200‌
$
3,871‌
Private
Equity
-
1
.08
%
Intermediate
Capital
Group
PLC
267,329‌
7,965‌
Real
Estate
-
3
.02
%
Castellum
AB
(d)
401,937‌
5,020‌
Hang
Lung
Properties
Ltd
2,340,000‌
2,131‌
PSP
Swiss
Property
AG
42,483‌
5,345‌
TAG
Immobilien
AG
(d)
295,834‌
4,622‌
Tokyu
Fudosan
Holdings
Corp
732,300‌
5,076‌
$
22,194‌
REITs
-
6
.89
%
British
Land
Co
PLC/The
1,153,398‌
6,487‌
Canadian
Apartment
Properties
REIT
107,400‌
3,515‌
CapitaLand
Ascendas
REIT
2,444,800‌
4,738‌
Gecina
SA
32,427‌
3,500‌
HomeCo
Daily
Needs
REIT
2,489,858‌
2,016‌
Invincible
Investment
Corp
9,243‌
4,018‌
Japan
Metropolitan
Fund
Invest
4,695‌
2,765‌
KDX
Realty
Investment
Corp
4,391‌
4,240‌
Mirvac
Group
3,039,039‌
3,991‌
Mitsui
Fudosan
Logistics
Park
Inc
1,592‌
4,464‌
Safestore
Holdings
PLC
257,584‌
2,977‌
Tritax
Big
Box
REIT
PLC
2,284,552‌
4,622‌
Warehouses
De
Pauw
CVA
112,447‌
3,296‌
$
50,629‌
Retail
-
5
.97
%
ABC-Mart
Inc
152,800‌
2,947‌
B&M
European
Value
Retail
SA
712,549‌
4,981‌
Brunello
Cucinelli
SpA
47,105‌
4,758‌
Eagers
Automotive
Ltd
344,755‌
2,341‌
Food
&
Life
Cos
Ltd
201,600‌
3,666‌
H2O
Retailing
Corp
287,700‌
4,566‌
IDOM
Inc
448,400‌
3,829‌
J
Front
Retailing
Co
Ltd
259,200‌
2,519‌
JD
Sports
Fashion
PLC
3,000,928‌
4,932‌
JINS
Holdings
Inc
149,700‌
3,525‌
KOMEDA
Holdings
Co
Ltd
182,300‌
3,068‌
Monogatari
Corp/The
123,400‌
2,715‌
$
43,847‌
Semiconductors
-
1
.89
%
AIXTRON
SE
165,545‌
3,806‌
Nova
Ltd
(d)
25,233‌
5,265‌
Socionext
Inc
163,500‌
4,803‌
$
13,874‌
Software
-
1
.81
%
CompuGroup
Medical
SE
&
Co
KgaA
76,786‌
2,314‌
Descartes
Systems
Group
Inc/The
(d)
46,400‌
4,285‌
Pro
Medicus
Ltd
45,348‌
3,649‌
TIS
Inc
168,500‌
3,082‌
$
13,330‌
Transportation
-
1
.54
%
Kamigumi
Co
Ltd
198,500‌
4,034‌
Sankyu
Inc
112,700‌
4,071‌
SG
Holdings
Co
Ltd
320,300‌
3,232‌
$
11,337‌
TOTAL
COMMON
STOCKS
$
720,018‌
Total
Investments
$
730,659‌
Other
Assets
and
Liabilities
-  0.53%
3,921‌
TOTAL
NET
ASSETS
-
100.00%
$
734,580‌
Schedule
of
Investments
International
Small
Company
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
107
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$4,557
or
0.62%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
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
$22,639
or
3.08%
of
net
assets.
(f)
Security
or
a
portion
of
the
security
was
on
loan.  At
the
end
of
the
period,
the
value
of
these
securities
totaled
$4,336
or
0.59%
of
net
assets.
Portfolio
Summary
Location
Percent
Japan
28
.86‌
%
United
Kingdom
15
.82‌
%
Canada
11
.69‌
%
France
6
.52‌
%
Australia
6
.31‌
%
Germany
4
.53‌
%
Italy
4
.48‌
%
Sweden
3
.70‌
%
Denmark
3
.17‌
%
Switzerland
2
.41‌
%
Austria
2
.17‌
%
United
States
1
.45‌
%
Ireland
1
.39‌
%
Israel
1
.26‌
%
Singapore
1
.18‌
%
Netherlands
0
.72‌
%
Norway
0
.66‌
%
Macao
0
.64‌
%
Bermuda
0
.50‌
%
Jordan
0
.49‌
%
Belgium
0
.45‌
%
Portugal
0
.41‌
%
Spain
0
.37‌
%
Hong
Kong
0
.29‌
%
Other
Assets
and
Liabilities
0
.53‌
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
August
31,
2023
Purchases
Sales
May
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
$
13,893‌
$
233,924‌
$
241,733‌
$
6,084‌
$
13,893‌
$
233,924‌
$
241,733‌
$
6,084‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
$
274‌
$
—‌
$
—‌
$
—‌
$
274‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
Opportunistic
Municipal
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
108
INVESTMENT
COMPANIES
-
0.13%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0.13%
iShares
Short-Term
National
Muni
Bond
ETF
1,000‌
$
104‌
JPMorgan
Ultra-Short
Municipal
Income
ETF
6‌
—‌
SPDR
Nuveen
Bloomberg
High
Yield
Municipal
Bond
ETF
1,678‌
42‌
VanEck
High
Yield
Muni
ETF
341‌
18‌
VanEck
Short
High
Yield
Muni
ETF
1,000‌
22‌
$
186‌
TOTAL
INVESTMENT
COMPANIES
$
186‌
MUNICIPAL
BONDS
-
105.19%
Principal
Amount
(000's)
Value
(000's)
Alabama
-
5.62%
County
of
Jefferson
AL
Sewer
Revenue
5.50%,
10/01/2053
$
1,800‌
$
1,938‌
Lower
Alabama
Gas
District/The
5.00%,
09/01/2034
1,700‌
1,782‌
5.00%,
09/01/2046
2,180‌
2,237‌
Tender
Option
Bond
Trust
Receipts/Certificates
4.40%,
07/01/2025
(a),(b)
175‌
175‌
Tuscaloosa
County
Industrial
Development
Authority
5.25%,
05/01/2044
(b)
2,003‌
2,011‌
$
8,143‌
Arizona
-
2.66%
Arizona
Industrial
Development
Authority
0.00%,
01/01/2054
(b),(c)
1,000‌
433‌
Maricopa
County
Industrial
Development
Authority
4.00%,
10/15/2047
(b)
1,000‌
875‌
Navajo
Nation
5.50%,
12/01/2030
(b)
2,500‌
2,543‌
$
3,851‌
Arkansas
-
2.87%
Arkansas
Development
Finance
Authority
4.75%,
09/01/2049
(b)
1,000‌
985‌
5.45%,
09/01/2052
1,000‌
1,016‌
6.88%,
07/01/2048
(b)
2,000‌
2,165‌
$
4,166‌
California
-
10.01%
Alameda
Corridor
Transportation
Authority
(credit
support
from
Assured
Guaranty
Municipal
Corp
)
5.00%,
10/01/2052
(d)
1,000‌
1,065‌
Bay
Area
Toll
Authority
2.60%,
04/01/2056
245‌
153‌
California
Educational
Facilities
Authority
5.00%,
05/01/2049
2,500‌
2,889‌
California
Infrastructure
&
Economic
Development
Bank
8.00%,
01/01/2050
(a),(b)
2,000‌
2,066‌
California
Municipal
Finance
Authority
4.00%,
07/15/2029
2,000‌
1,986‌
California
Pollution
Control
Financing
Authority
5.00%,
07/01/2038
(b)
1,115‌
1,192‌
5.00%,
07/01/2039
(b)
1,250‌
1,294‌
California
Statewide
Financing
Authority
6.00%,
05/01/2043
1,000‌
1,021‌
City
of
Compton
CA
Sewer
Revenue
6.00%,
09/01/2039
1,000‌
1,002‌
City
of
Los
Angeles
Department
of
Airports
5.00%,
05/15/2035
80‌
86‌
5.00%,
05/15/2037
(e)
1,421‌
1,514‌
La
Verne
Public
Financing
Authority
7.25%,
09/01/2026
240‌
240‌
$
14,508‌
Colorado
-
3.65%
Creekside
Village
Metropolitan
District
5.00%,
12/01/2039
1,255‌
1,194‌
Eagle
County
Airport
Terminal
Corp
5.00%,
05/01/2037
1,000‌
1,013‌
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Colorado
(continued)
Elbert
County
Independence
Water
&
Sanitation
District
7.25%,
12/01/2038
$
1,000‌
$
1,030‌
Painted
Prairie
Public
Improvement
Authority
5.00%,
12/01/2049
500‌
439‌
Pueblo
Urban
Renewal
Authority
4.75%,
12/01/2045
(b)
1,000‌
667‌
Regional
Transportation
District
4.00%,
07/15/2040
1,000‌
951‌
$
5,294‌
Connecticut
-
1.24%
Mohegan
Tribal
Finance
Authority
7.00%,
02/01/2045
(b)
1,800‌
1,800‌
Florida
-
11.86%
City
of
Lakeland
FL
Department
of
Electric
Utilities
5.25%,
10/01/2036
1,000‌
1,137‌
Collier
County
Industrial
Development
Authority
(credit
support
from
Assured
Guaranty
Municipal
Corp
)
5.00%,
10/01/2054
(d)
1,300‌
1,355‌
County
of
Miami-Dade
FL
Aviation
Revenue
5.00%,
10/01/2049
(e)
3,000‌
3,042‌
Florida
Development
Finance
Corp
5.25%,
08/01/2029
(b)
2,500‌
2,551‌
5.25%,
08/01/2055
1,000‌
1,036‌
5.50%,
07/01/2053
3,000‌
3,118‌
6.13%,
07/01/2032
(a),(b)
2,000‌
2,048‌
12.00%,
07/15/2032
(a),(b)
500‌
520‌
Ocean
Highway
&
Port
Authority
5.50%,
12/01/2049
(b)
1,500‌
1,195‌
Orange
County
Housing
Finance
Authority
7.00%,
10/01/2025
105‌
105‌
Palm
Beach
County
Health
Facilities
Authority
7.63%,
05/15/2058
1,000‌
1,092‌
$
17,199‌
Georgia
-
1.03%
George
L
Smith
II
Congress
Center
Authority
5.00%,
01/01/2036
(b)
1,528‌
1,492‌
Illinois
-
8.34%
Chicago
O'Hare
International
Airport
5.50%,
01/01/2055
1,400‌
1,481‌
City
of
Chicago
IL
6.00%,
01/01/2038
1,900‌
1,974‌
7.46%,
02/15/2026
1,165‌
850‌
Illinois
State
Toll
Highway
Authority
5.00%,
01/01/2040
(e)
5,000‌
5,071‌
5.00%,
01/01/2043
(e)
1,500‌
1,635‌
State
of
Illinois
5.50%,
05/01/2047
1,000‌
1,076‌
$
12,087‌
Indiana
-
0.21%
Town
of
Shoals
IN
7.25%,
11/01/2043
300‌
300‌
Iowa
-
0.72%
Iowa
Finance
Authority
5.00%,
12/01/2050
(a)
1,000‌
1,040‌
Kentucky
-
0.68%
City
of
Henderson
KY
4.45%,
01/01/2042
(b)
1,000‌
989‌
Louisiana
-
4.52%
Louisiana
Local
Government
Environmental
Facilities
&
Community
Development
Authority
3.50%,
11/01/2032
1,000‌
945‌
4.40%,
11/01/2044
(b)
905‌
874‌
5.50%,
11/01/2039
(b)
600‌
627‌
5.65%,
11/01/2037
(b)
800‌
846‌
Schedule
of
Investments
Opportunistic
Municipal
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
109
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Louisiana
(continued)
Louisiana
Public
Facilities
Authority
0.00%,
07/01/2039
(c)
$
278‌
$
—‌
Parish
of
St
James
LA
6.35%,
10/01/2040
(b)
3,000‌
3,259‌
$
6,551‌
Maine
-
0.48%
Finance
Authority
of
Maine
8.00%,
12/01/2051
(b)
1,000‌
692‌
Maryland
-
0.67%
City
of
Westminster
MD
6.25%,
07/01/2044
600‌
600‌
Maryland
Stadium
Authority
(credit
support
from
State
Intercept
Program
)
0.00%,
05/01/2051
(c),(d)
1,500‌
379‌
$
979‌
Massachusetts
-
1.05%
Massachusetts
Development
Finance
Agency
5.00%,
07/15/2040
1,300‌
1,522‌
Michigan
-
1.92%
City
of
Detroit
MI
5.00%,
04/01/2050
1,000‌
995‌
Michigan
Strategic
Fund
5.00%,
11/15/2042
1,000‌
948‌
5.00%,
11/15/2049
1,000‌
843‌
$
2,786‌
Montana
-
1.84%
City
of
Kalispell
MT
5.25%,
05/15/2037
1,400‌
1,265‌
County
of
Gallatin
MT
4.00%,
10/15/2051
(b)
2,000‌
1,402‌
$
2,667‌
Nevada
-
1.55%
Las
Vegas
Convention
&
Visitors
Authority
5.00%,
07/01/2043
(e)
2,000‌
2,069‌
State
of
Nevada
Department
of
Business
&
Industry
0.00%,
12/15/2037
(b),(c)
901‌
180‌
$
2,249‌
New
Hampshire
-
2.00%
New
Hampshire
Business
Finance
Authority
2.95%,
04/01/2029
(a),(b)
1,000‌
925‌
4.38%,
09/20/2036
975‌
934‌
New
Hampshire
Health
and
Education
Facilities
Authority
Act
(credit
support
from
Build
America
Mutual
Assurance
Corp
-
Transfer
Custodial
Receipt
)
5.00%,
08/01/2059
(d)
1,000‌
1,040‌
$
2,899‌
New
Jersey
-
1.65%
Casino
Reinvestment
Development
Authority
Inc
5.25%,
11/01/2039
250‌
251‌
New
Jersey
Economic
Development
Authority
5.25%,
06/15/2040
55‌
56‌
New
Jersey
Transportation
Trust
Fund
Authority
5.25%,
06/15/2050
1,000‌
1,071‌
South
Jersey
Port
Corp
5.00%,
01/01/2042
1,000‌
1,022‌
$
2,400‌
New
York
-
14.38%
New
York
City
Transitional
Finance
Authority
5.50%,
05/01/2042
1,000‌
1,138‌
New
York
Liberty
Development
Corp
5.25%,
10/01/2035
1,300‌
1,475‌
New
York
State
Environmental
Facilities
Corp
5.12%,
09/01/2050
(a),(b)
1,000‌
1,022‌
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
New
York
(continued)
New
York
Transportation
Development
Corp
4.00%,
10/31/2041
$
1,000‌
$
875‌
4.00%,
12/01/2041
1,250‌
1,194‌
5.00%,
01/01/2034
1,000‌
1,031‌
5.38%,
08/01/2036
1,050‌
1,108‌
5.63%,
04/01/2040
1,000‌
1,090‌
6.00%,
06/30/2054
1,000‌
1,096‌
New
York
Transportation
Development
Corp
(credit
support
from
Assured
Guaranty
Municipal
Corp
)
5.50%,
06/30/2044
(d)
500‌
534‌
Oneida
Indian
Nation
of
New
York
6.00%,
09/01/2043
(b)
3,000‌
3,167‌
Suffolk
Regional
Off-Track
Betting
Co
6.00%,
12/01/2053
3,000‌
3,101‌
Triborough
Bridge
&
Tunnel
Authority
4.13%,
05/15/2054
1,000‌
951‌
Westchester
County
Local
Development
Corp
6.25%,
11/01/2052
1,000‌
1,113‌
Western
Regional
Off-Track
Betting
Corp
3.00%,
12/01/2026
(b)
830‌
786‌
4.13%,
12/01/2041
(b)
1,500‌
1,174‌
$
20,855‌
Ohio
-
4.82%
Buckeye
Tobacco
Settlement
Financing
Authority
5.00%,
06/01/2055
2,500‌
2,237‌
Cleveland-Cuyahoga
County
Port
Authority
4.00%,
12/01/2055
(b)
900‌
711‌
4.50%,
12/01/2055
(b)
1,300‌
1,066‌
Jefferson
County
Port
Authority/OH
5.00%,
12/01/2053
(a),(b)
1,000‌
1,010‌
Ohio
Air
Quality
Development
Authority
4.50%,
01/15/2048
(b)
1,000‌
970‌
State
of
Ohio
3.70%,
01/15/2045
(a)
1,000‌
1,000‌
$
6,994‌
Oklahoma
-
0.68%
Tulsa
County
Industrial
Authority
5.25%,
11/15/2045
1,000‌
985‌
Other
Territory
-
0.66%
JPMorgan
Chase
Putters/Drivers
Trust
4.55%,
10/09/2024
(a),(b)
950‌
950‌
Pennsylvania
-
1.33%
Lancaster
County
Hospital
Authority/PA
5.00%,
07/01/2045
1,000‌
924‌
Pennsylvania
Economic
Development
Financing
Authority
5.50%,
11/01/2044
1,000‌
1,002‌
$
1,926‌
Puerto
Rico
-
3.03%
Commonwealth
of
Puerto
Rico
0.00%,
07/01/2024
(c)
17‌
17‌
0.00%,
07/01/2033
(c)
133‌
88‌
0.00%,
11/01/2043
(a),(c)
457‌
283‌
4.00%,
07/01/2033
1,500‌
1,497‌
4.00%,
07/01/2037
80‌
77‌
4.00%,
07/01/2041
108‌
101‌
4.00%,
07/01/2046
113‌
102‌
5.38%,
07/01/2025
115‌
116‌
5.63%,
07/01/2027
114‌
119‌
5.63%,
07/01/2029
112‌
121‌
5.75%,
07/01/2031
109‌
121‌
Puerto
Rico
Industrial
Tourist
Educational
Medical
&
Envirml
Ctl
Facs
Fing
Auth
6.75%,
01/01/2045
1,480‌
1,754‌
$
4,396‌
Schedule
of
Investments
Opportunistic
Municipal
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
110
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
South
Carolina
-
1.56%
South
Carolina
Jobs-Economic
Development
Authority
5.25%,
11/15/2052
$
500‌
$
462‌
6.25%,
06/01/2040
(b)
1,000‌
641‌
6.50%,
06/01/2051
(b)
2,000‌
1,162‌
$
2,265‌
South
Dakota
-
0.34%
Oglala
Sioux
Tribe
5.75%,
10/01/2025
(b)
500‌
490‌
Tennessee
-
2.48%
Chattanooga
Health
Educational
&
Housing
Facility
Board
5.00%,
10/01/2028
1,050‌
1,057‌
5.00%,
10/01/2035
500‌
503‌
Metropolitan
Government
Nashville
&
Davidson
County
Industrial
Development
Board
4.00%,
06/01/2051
(b)
1,600‌
1,285‌
Nashville
Metropolitan
Development
&
Housing
Agency
5.13%,
06/01/2036
(b)
750‌
754‌
$
3,599‌
Texas
-
5.74%
City
of
Houston
TX
Airport
System
Revenue
4.00%,
07/01/2041
1,000‌
938‌
4.00%,
07/15/2041
500‌
469‌
North
Texas
Tollway
Authority
5.00%,
01/01/2048
500‌
505‌
Port
of
Beaumont
Navigation
District
3.63%,
01/01/2035
(b)
2,000‌
1,778‌
4.00%,
01/01/2050
(b)
3,000‌
2,463‌
5.13%,
01/01/2044
(b),(f)
1,000‌
1,000‌
5.25%,
01/01/2054
(b),(f)
505‌
505‌
Texas
Municipal
Gas
Acquisition
and
Supply
Corp
I
6.25%,
12/15/2026
650‌
668‌
$
8,326‌
Utah
-
0.88%
Utah
Infrastructure
Agency
5.25%,
10/15/2033
1,250‌
1,276‌
Virgin
Islands
-
0.71%
Matching
Fund
Special
Purpose
Securitization
Corp
5.00%,
10/01/2039
1,000‌
1,036‌
Virginia
-
1.30%
Virginia
Beach
Development
Authority
7.00%,
09/01/2059
1,000‌
1,109‌
Virginia
Small
Business
Financing
Authority
4.00%,
01/01/2039
800‌
770‌
$
1,879‌
Wisconsin
-
2.71%
Public
Finance
Authority
4.00%,
09/30/2051
1,620‌
1,329‌
5.00%,
09/01/2039
(b)
1,000‌
973‌
5.00%,
06/01/2041
(b)
1,000‌
1,000‌
Wisconsin
Health
&
Educational
Facilities
Authority
6.50%,
07/01/2033
300‌
252‌
7.00%,
07/01/2043
500‌
380‌
$
3,934‌
TOTAL
MUNICIPAL
BONDS
$
152,525‌
Total
Investments
$
152,711‌
Liability
for
Floating
Rate
Notes
Issued
in
Conjunction
with
Securities
Held
-
(5.89)%
Notes
with
interest
rates
of
3.41%
-3.54%
at
May
31,
2024
and
contractual
maturity
of
collateral
from
2025-2042.
(g)
$
(8,533‌)
(8,533‌)
Total
Net
Investments
$
144,178‌
Other
Assets
and
Liabilities
-  0.57%
826‌
TOTAL
NET
ASSETS
-
100.00%
$
145,004‌
(a)
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.
Rate
shown
is
the
rate
in
effect
as
of
period
end.
(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
$56,713
or
39.11%
of
net
assets.
(c)
Non-income
producing
security
(d)
Credit
support
indicates
investments
that
benefit
from
credit
enhancement
or
liquidity
support
provided
by
a
third
party
bank,
institution,
or
government
agency.
(e)
Security
or
portion
of
underlying
security
related
to
Inverse
Floaters
entered
into
by
the
fund.
(f)
Security
purchased
on
a
when-issued
basis.
(g)
Floating
rate
securities.
The
interest
rate(s)
shown
reflect
the
rates
in
effect
at
May
31,
2024.
Portfolio
Summary
Sector
Percent
Revenue
Bonds
90.89‌%
General
Obligation
Unlimited
4.41‌%
Insured
3.03‌%
Tax
Allocation
2.89‌%
Prerefunded
1.14‌%
Special
Assessment
0.88‌%
General
Obligation
Limited
0.82‌%
Certificate
Participation
0.59‌%
Special
Tax
0.34‌%
Notes
0.20‌%
Exchange-Traded
Funds
0.13‌%
Liability
For
Floating
Rate
Notes
Issued
(5.89‌)%
Other
Assets
and
Liabilities
0.57‌%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
Origin
Emerging
Markets
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
111
INVESTMENT
COMPANIES
-
1
.14
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
1
.14
%
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
(a),(b)
31,213,576‌
$
31,214‌
TOTAL
INVESTMENT
COMPANIES
$
31,214‌
COMMON
STOCKS
-
97
.56
%
Shares
Held
Value
(000's)
Aerospace
&
Defense
-
3
.14
%
Bharat
Electronics
Ltd
24,207,400‌
$
86,041‌
Airlines
-
1
.10
%
Turk
Hava
Yollari
AO
(c)
3,200,000‌
30,093‌
Apparel
-
0
.63
%
Makalot
Industrial
Co
Ltd
1,457,000‌
17,365‌
Automobile
Manufacturers
-
5
.85
%
Ashok
Leyland
Ltd
5,807,000‌
15,609‌
Hyundai
Motor
Co
132,000‌
24,223‌
Kia
Corp
675,000‌
57,615‌
Mahindra
&
Mahindra
Ltd
829,000‌
24,894‌
Maruti
Suzuki
India
Ltd
99,000‌
14,730‌
Tata
Motors
Ltd
2,097,000‌
23,231‌
$
160,302‌
Automobile
Parts
&
Equipment
-
0
.99
%
Hyundai
Mobis
Co
Ltd
81,000‌
12,629‌
Sailun
Group
Co
Ltd
7,000,000‌
14,363‌
$
26,992‌
Banks
-
16
.61
%
Agricultural
Bank
of
China
Ltd
38,328,000‌
16,068‌
Akbank
TAS
16,200,000‌
33,208‌
Alinma
Bank
1,500,000‌
12,259‌
Axis
Bank
Ltd
1,891,000‌
26,363‌
Banco
do
Brasil
SA
7,236,000‌
37,538‌
Bank
Mandiri
Persero
Tbk
PT
52,800,000‌
19,149‌
Bank
Polska
Kasa
Opieki
SA
347,000‌
14,133‌
Canara
Bank
10,210,000‌
14,476‌
China
Construction
Bank
Corp
19,225,000‌
13,644‌
Grupo
Financiero
Banorte
SAB
de
CV
2,009,537‌
19,089‌
Hana
Financial
Group
Inc
376,800‌
16,826‌
ICICI
Bank
Ltd
5,161,000‌
69,369‌
IndusInd
Bank
Ltd
829,000‌
14,535‌
National
Bank
of
Greece
SA
(c)
2,348,747‌
20,408‌
Nedbank
Group
Ltd
1,004,100‌
12,189‌
OTP
Bank
Nyrt
183,000‌
8,837‌
PT
Bank
Central
Asia
Tbk
23,097,000‌
13,142‌
Sberbank
of
Russia
PJSC
ADR
(c)
3,419,500‌
—‌
State
Bank
of
India
5,631,000‌
56,104‌
Turkiye
Is
Bankasi
AS
33,519,666‌
16,772‌
Union
Bank
of
India
Ltd
5,902,000‌
11,346‌
Woori
Financial
Group
Inc
897,500‌
9,206‌
$
454,661‌
Beverages
-
0
.35
%
Jiangsu
King's
Luck
Brewery
JSC
Ltd
1,325,985‌
9,681‌
Biotechnology
-
0
.25
%
Beijing
Tiantan
Biological
Products
Corp
Ltd
1,730,000‌
6,757‌
Chemicals
-
0
.42
%
Coromandel
International
Ltd
737,600‌
11,562‌
Coal
-
1
.15
%
Coal
India
Ltd
1,986,000‌
11,697‌
Shaanxi
Coal
Industry
Co
Ltd
2,300,000‌
8,241‌
Yankuang
Energy
Group
Co
Ltd
4,570,000‌
11,422‌
$
31,360‌
Commercial
Services
-
0
.59
%
Adani
Ports
&
Special
Economic
Zone
Ltd
937,000‌
16,168‌
Computers
-
1
.82
%
Asia
Vital
Components
Co
Ltd
1,275,000‌
30,264‌
Wiwynn
Corp
257,000‌
19,670‌
$
49,934‌
Distribution
&
Wholesale
-
0
.99
%
Zhongji
Innolight
Co
Ltd
1,262,000‌
27,163‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Diversified
Financial
Services
-
2
.71
%
Banco
BTG
Pactual
SA
4,149,000‌
$
25,032‌
CTBC
Financial
Holding
Co
Ltd
17,500,000‌
19,174‌
KB
Financial
Group
Inc
374,700‌
21,542‌
LIC
Housing
Finance
Ltd
1,107,000‌
8,408‌
$
74,156‌
Electrical
Components
&
Equipment
-
1
.63
%
Ningbo
Sanxing
Medical
Electric
Co
Ltd
5,625,000‌
26,296‌
Sieyuan
Electric
Co
Ltd
1,887,970‌
18,318‌
$
44,614‌
Electronics
-
1
.87
%
Gold
Circuit
Electronics
Ltd
2,334,000‌
14,427‌
Lotes
Co
Ltd
301,000‌
15,024‌
WUS
Printed
Circuit
Kunshan
Co
Ltd
5,028,995‌
21,716‌
$
51,167‌
Engineering
&
Construction
-
0
.89
%
Grupo
Aeroportuario
del
Sureste
SAB
de
CV
248,000‌
8,371‌
Larsen
&
Toubro
Ltd
366,000‌
16,108‌
$
24,479‌
Food
-
1
.39
%
Bid
Corp
Ltd
503,000‌
11,155‌
BIM
Birlesik
Magazalar
AS
1,808,000‌
26,928‌
$
38,083‌
Healthcare
-
Products
-
1
.28
%
APT
Medical
Inc
(c)
129,000‌
8,751‌
Jiangsu
Yuyue
Medical
Equipment
&
Supply
Co
Ltd
2,921,970‌
15,647‌
Shenzhen
New
Industries
Biomedical
Engineering
Co
Ltd
1,032,908‌
10,765‌
$
35,163‌
Healthcare
-
Services
-
0
.26
%
Bumrungrad
Hospital
PCL
1,065,000‌
7,011‌
Home
Furnishings
-
2
.37
%
Anker
Innovations
Technology
Co
Ltd
1,398,671‌
13,508‌
Beijing
Roborock
Technology
Co
Ltd
406,000‌
23,285‌
Hisense
Visual
Technology
Co
Ltd
4,573,997‌
17,222‌
Midea
Group
Co
Ltd
1,220,000‌
10,866‌
$
64,881‌
Insurance
-
1
.57
%
BB
Seguridade
Participacoes
SA
2,264,000‌
13,862‌
PICC
Property
&
Casualty
Co
Ltd
11,992,000‌
15,628‌
Powszechny
Zaklad
Ubezpieczen
SA
1,061,000‌
13,503‌
$
42,993‌
Internet
-
13
.39
%
Alibaba
Group
Holding
Ltd
ADR
595,400‌
46,644‌
Alibaba
Group
Holding
Ltd
467,000‌
4,560‌
Baidu
Inc
(c)
684,000‌
8,289‌
Kuaishou
Technology
(c),(d)
922,000‌
6,584‌
Meituan
(c),(d)
932,000‌
12,699‌
PDD
Holdings
Inc
ADR
(c)
593,076‌
88,831‌
Tencent
Holdings
Ltd
2,201,282‌
102,125‌
Tencent
Music
Entertainment
Group
ADR
2,126,000‌
30,721‌
Tongcheng
Travel
Holdings
Ltd
(c)
2,956,000‌
6,768‌
Trip.com
Group
Ltd
ADR
(c)
562,000‌
28,949‌
Vipshop
Holdings
Ltd
ADR
1,891,000‌
30,388‌
$
366,558‌
Iron
&
Steel
-
0
.41
%
Vale
SA
937,900‌
11,272‌
Leisure
Products
&
Services
-
0
.46
%
Hero
MotoCorp
Ltd
205,000‌
12,592‌
Machinery
-
Construction
&
Mining
-
1
.34
%
HD
Hyundai
Electric
Co
Ltd
98,000‌
21,286‌
Zhejiang
Dingli
Machinery
Co
Ltd
1,755,905‌
15,372‌
$
36,658‌
Machinery
-
Diversified
-
0
.26
%
Hangcha
Group
Co
Ltd
2,606,666‌
7,176‌
Metal
Fabrication
&
Hardware
-
0
.46
%
King
Slide
Works
Co
Ltd
358,000‌
12,584‌
Schedule
of
Investments
Origin
Emerging
Markets
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
112
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Mining
-
1
.97
%
GMK
Norilskiy
Nickel
PAO
6,713,400‌
$
—‌
Gold
Fields
Ltd
498,000‌
7,838‌
Grupo
Mexico
SAB
de
CV
1,839,000‌
11,346‌
NMDC
Ltd
3,370,000‌
10,534‌
Yintai
Gold
Co
Ltd
5,356,000‌
14,313‌
Zijin
Mining
Group
Co
Ltd
4,710,000‌
10,004‌
$
54,035‌
Miscellaneous
Manufacturers
-
0
.48
%
Elite
Material
Co
Ltd
1,030,000‌
13,054‌
Oil
&
Gas
-
3
.69
%
Bharat
Petroleum
Corp
Ltd
2,250,000‌
16,934‌
Gazprom
PJSC
4,086,000‌
—‌
LUKOIL
PJSC
338,000‌
—‌
Novatek
PJSC
1,026,000‌
—‌
PetroChina
Co
Ltd
29,691,200‌
30,444‌
PRIO
SA/Brazil
1,785,000‌
14,121‌
Reliance
Industries
Ltd
1,153,000‌
39,555‌
$
101,054‌
Pharmaceuticals
-
0
.51
%
Hubei
Jumpcan
Pharmaceutical
Co
Ltd
2,642,000‌
13,854‌
Retail
-
0
.93
%
HLA
Group
Corp
Ltd
8,880,000‌
11,828‌
Wal-Mart
de
Mexico
SAB
de
CV
3,659,000‌
13,748‌
$
25,576‌
Semiconductors
-
19
.26
%
Alchip
Technologies
Ltd
169,000‌
15,099‌
ASMedia
Technology
Inc
234,000‌
14,528‌
MediaTek
Inc
651,000‌
24,929‌
Novatek
Microelectronics
Corp
1,566,000‌
28,870‌
Phison
Electronics
Corp
619,000‌
11,421‌
Realtek
Semiconductor
Corp
872,000‌
14,723‌
Samsung
Electronics
Co
Ltd
1,865,949‌
98,863‌
SK
Hynix
Inc
219,000‌
30,176‌
Taiwan
Semiconductor
Manufacturing
Co
Ltd
9,897,756‌
253,461‌
Taiwan
Semiconductor
Manufacturing
Co
Ltd
ADR
232,717‌
35,150‌
$
527,220‌
Software
-
1
.48
%
NetEase
Inc
2,281,000‌
40,565‌
Telecommunications
-
3
.37
%
Eoptolink
Technology
Inc
Ltd
1,149,978‌
13,700‌
Shenzhen
Transsion
Holdings
Co
Ltd
1,078,000‌
19,456‌
Suzhou
TFC
Optical
Communication
Co
Ltd
2,450,000‌
29,722‌
Xiaomi
Corp
(c),(d)
13,091,000‌
29,313‌
$
92,191‌
Transportation
-
1
.16
%
Evergreen
Marine
Corp
Taiwan
Ltd
3,400,000‌
22,118‌
Jiayou
International
Logistics
Co
Ltd
2,545,200‌
9,524‌
$
31,642‌
Water
-
0
.53
%
Cia
de
Saneamento
Basico
do
Estado
de
Sao
Paulo
SABESP
1,037,000‌
14,652‌
TOTAL
COMMON
STOCKS
$
2,671,309‌
PREFERRED
STOCKS
-
2
.12
%
Shares
Held
Value
(000's)
Banks
-
0
.75
%
Itau
Unibanco
Holding
SA
1.13%
3,450,000‌
$
20,460‌
Oil
&
Gas
-
1
.37
%
Petroleo
Brasileiro
SA
1.79%
5,067,000‌
37,499‌
TOTAL
PREFERRED
STOCKS
$
57,959‌
Total
Investments
$
2,760,482‌
Other
Assets
and
Liabilities
-  (0.82)%
(
22,488‌
)
TOTAL
NET
ASSETS
-
100.00%
$
2,737,994‌
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
1-day
yield
shown
is
as
of
period
end.
(c)
Non-income
producing
security
(d)
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
$48,596
or
1.77%
of
net
assets.
Portfolio
Summary
Location
Percent
China
29
.67‌
%
Taiwan
20
.53‌
%
India
18
.26‌
%
Korea,
Republic
Of
10
.67‌
%
Brazil
6
.37‌
%
Turkey
3
.90‌
%
Ireland
3
.25‌
%
Mexico
1
.91‌
%
Indonesia
1
.18‌
%
South
Africa
1
.15‌
%
United
States
1
.14‌
%
Poland
1
.01‌
%
Greece
0
.75‌
%
Saudi
Arabia
0
.45‌
%
Hungary
0
.32‌
%
Thailand
0
.26‌
%
Russian
Federation
0
.00‌
%
Other
Assets
and
Liabilities
(
0
.82‌
)
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
Origin
Emerging
Markets
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
113
Affiliated
Securities
August
31,
2023
Purchases
Sales
May
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
$
32,836‌
$
810,964‌
$
812,586‌
$
31,214‌
$
32,836‌
$
810,964‌
$
812,586‌
$
31,214‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
$
819‌
$
—‌
$
—‌
$
—‌
$
819‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
Small-MidCap
Dividend
Income
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
114
INVESTMENT
COMPANIES
-
1
.46
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
1
.46
%
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
(a),(b)
17,228,250‌
$
17,228‌
TOTAL
INVESTMENT
COMPANIES
$
17,228‌
COMMON
STOCKS
-
98
.43
%
Shares
Held
Value
(000's)
Advertising
-
1
.66
%
Interpublic
Group
of
Cos
Inc/The
625,492‌
$
19,622‌
Automobile
Parts
&
Equipment
-
1
.51
%
Linamar
Corp
342,394‌
17,839‌
Banks
-
9
.14
%
Bank
OZK
542,536‌
22,721‌
Cullen/Frost
Bankers
Inc
203,069‌
20,628‌
East
West
Bancorp
Inc
416,620‌
30,909‌
ServisFirst
Bancshares
Inc
246,881‌
15,257‌
Wintrust
Financial
Corp
185,718‌
18,314‌
$
107,829‌
Chemicals
-
3
.19
%
HB
Fuller
Co
119,598‌
9,523‌
Huntsman
Corp
484,544‌
12,017‌
RPM
International
Inc
143,230‌
16,056‌
$
37,596‌
Computers
-
4
.35
%
Amdocs
Ltd
259,238‌
20,480‌
Crane
NXT
Co
80,564‌
5,093‌
Leidos
Holdings
Inc
174,996‌
25,733‌
$
51,306‌
Consumer
Products
-
2
.11
%
Avery
Dennison
Corp
101,945‌
23,201‌
WD-40
Co
7,632‌
1,715‌
$
24,916‌
Distribution
&
Wholesale
-
0
.84
%
LKQ
Corp
230,192‌
9,905‌
Diversified
Financial
Services
-
6
.74
%
Air
Lease
Corp
95,189‌
4,535‌
Federal
Agricultural
Mortgage
Corp
108,632‌
18,975‌
Hamilton
Lane
Inc
153,895‌
19,312‌
Jefferies
Financial
Group
Inc
427,812‌
19,902‌
Raymond
James
Financial
Inc
137,232‌
16,845‌
$
79,569‌
Electric
-
2
.76
%
Alliant
Energy
Corp
297,353‌
15,311‌
IDACORP
Inc
128,915‌
12,307‌
NRG
Energy
Inc
61,194‌
4,957‌
$
32,575‌
Electrical
Components
&
Equipment
-
1
.85
%
Energizer
Holdings
Inc
195,737‌
5,602‌
Littelfuse
Inc
63,225‌
16,224‌
$
21,826‌
Electronics
-
3
.92
%
Hubbell
Inc
48,912‌
19,021‌
nVent
Electric
PLC
334,786‌
27,245‌
$
46,266‌
Engineering
&
Construction
-
0
.92
%
Comfort
Systems
USA
Inc
33,011‌
10,806‌
Food
-
2
.00
%
Ingredion
Inc
200,732‌
23,602‌
Gas
-
1
.47
%
NiSource
Inc
595,480‌
17,305‌
Hand
&
Machine
Tools
-
4
.49
%
Lincoln
Electric
Holdings
Inc
81,033‌
15,912‌
MSA
Safety
Inc
110,303‌
19,855‌
Snap-on
Inc
63,034‌
17,199‌
$
52,966‌
Healthcare
-
Products
-
3
.75
%
CONMED
Corp
171,613‌
13,118‌
DENTSPLY
SIRONA
Inc
447,473‌
12,534‌
STERIS
PLC
83,156‌
18,534‌
$
44,186‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Healthcare
-
Services
-
2
.93
%
Quest
Diagnostics
Inc
88,881‌
$
12,619‌
Select
Medical
Holdings
Corp
636,416‌
21,988‌
$
34,607‌
Home
Builders
-
1
.63
%
LCI
Industries
175,213‌
19,252‌
Insurance
-
4
.85
%
Assured
Guaranty
Ltd
251,693‌
19,561‌
Equitable
Holdings
Inc
249,939‌
10,370‌
F&G
Annuities
&
Life
Inc
38,671‌
1,563‌
Fidelity
National
Financial
Inc
462,592‌
23,296‌
Kinsale
Capital
Group
Inc
6,332‌
2,429‌
$
57,219‌
Leisure
Products
&
Services
-
3
.65
%
Acushnet
Holdings
Corp
287,875‌
18,971‌
Brunswick
Corp/DE
291,202‌
24,033‌
$
43,004‌
Lodging
-
1
.00
%
Hyatt
Hotels
Corp
80,279‌
11,839‌
Machinery
-
Diversified
-
5
.20
%
AGCO
Corp
137,050‌
14,709‌
Albany
International
Corp
159,469‌
13,989‌
Crane
Co
106,742‌
15,913‌
Nordson
Corp
71,507‌
16,784‌
$
61,395‌
Media
-
0
.31
%
Cable
One
Inc
9,464‌
3,652‌
Metal
Fabrication
&
Hardware
-
1
.60
%
Timken
Co/The
217,015‌
18,856‌
Miscellaneous
Manufacturers
-
0
.95
%
Donaldson
Co
Inc
152,403‌
11,229‌
Oil
&
Gas
-
4
.21
%
Diamondback
Energy
Inc
125,113‌
24,930‌
HF
Sinclair
Corp
302,957‌
16,732‌
Magnolia
Oil
&
Gas
Corp
309,541‌
8,033‌
$
49,695‌
Packaging
&
Containers
-
1
.85
%
Packaging
Corp
of
America
118,813‌
21,801‌
Pharmaceuticals
-
1
.18
%
Organon
&
Co
651,191‌
13,890‌
Pipelines
-
2
.00
%
Targa
Resources
Corp
199,345‌
23,569‌
REITs
-
9
.50
%
Agree
Realty
Corp
305,134‌
18,540‌
Boston
Properties
Inc
170,397‌
10,338‌
Camden
Property
Trust
107,611‌
11,046‌
Cousins
Properties
Inc
621,055‌
14,365‌
EastGroup
Properties
Inc
88,347‌
14,593‌
Essential
Properties
Realty
Trust
Inc
560,943‌
15,022‌
Four
Corners
Property
Trust
Inc
485,698‌
11,856‌
Regency
Centers
Corp
116,718‌
7,166‌
Terreno
Realty
Corp
162,080‌
9,171‌
$
112,097‌
Retail
-
2
.59
%
Williams-Sonoma
Inc
104,386‌
30,608‌
Semiconductors
-
3
.61
%
MKS
Instruments
Inc
245,479‌
31,075‌
Monolithic
Power
Systems
Inc
15,638‌
11,504‌
$
42,579‌
Shipbuilding
-
0
.67
%
Huntington
Ingalls
Industries
Inc
31,413‌
7,951‌
TOTAL
COMMON
STOCKS
$
1,161,357‌
Total
Investments
$
1,178,585‌
Other
Assets
and
Liabilities
-  0.11%
1,244‌
TOTAL
NET
ASSETS
-
100.00%
$
1,179,829‌
Schedule
of
Investments
Small-MidCap
Dividend
Income
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
115
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
1-day
yield
shown
is
as
of
period
end.
Portfolio
Summary
Sector
Percent
Financial
30
.23‌
%
Industrial
21
.45‌
%
Consumer,
Non-cyclical
11
.97‌
%
Consumer,
Cyclical
11
.22‌
%
Technology
7
.96‌
%
Energy
6
.21‌
%
Utilities
4
.23‌
%
Basic
Materials
3
.19‌
%
Communications
1
.97‌
%
Money
Market
Funds
1
.46‌
%
Other
Assets
and
Liabilities
0
.11‌
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
August
31,
2023
Purchases
Sales
May
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
$
13,928‌
$
157,117‌
$
153,817‌
$
17,228‌
$
13,928‌
$
157,117‌
$
153,817‌
$
17,228‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
$
628‌
$
—‌
$
—‌
$
—‌
$
628‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
Spectrum
Preferred
and
Capital
Securities
Income
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
116
INVESTMENT
COMPANIES
-
3.71%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0.80%
Invesco
Preferred
ETF
(a)
3,322,465‌
$
38,408‌
iShares
Preferred
and
Income
Securities
ETF
(a)
315,265‌
10,009‌
$
48,417‌
Money
Market
Funds
-
2.91%
BlackRock
Liquidity
FedFund
-
Institutional
Class
5.21%
(b),(c)
55,507,975‌
55,508‌
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
(b),(c),(d)
120,404,615‌
120,405‌
$
175,913‌
TOTAL
INVESTMENT
COMPANIES
$
224,330‌
CONVERTIBLE
PREFERRED
STOCKS
-
0.05%
Shares
Held
Value
(000's)
Banks
-
0.05%
Bank
of
America
Corp
7.25%
(e)
33‌
$
39‌
Wells
Fargo
&
Co
7.50%
(e)
2,374‌
2,766‌
$
2,805‌
TOTAL
CONVERTIBLE
PREFERRED
STOCKS
$
2,805‌
PREFERRED
STOCKS
-
7.12%
Shares
Held
Value
(000's)
Banks
-
2.64%
Bank
of
America
Corp
4.25%,
11/17/2026
(e)
7,500‌
$
140‌
Bank
of
America
Corp
4.38%,
11/03/2025
(a),(e)
317,959‌
6,152‌
Bank
of
America
Corp
6.25%,
07/05/2024
(a),(e)
160,449‌
3,546‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.91%
Citizens
Financial
Group
Inc
0.00%,
07/06/2029
(e),(f)
717,000‌
17,961‌
Citizens
Financial
Group
Inc
5.00%,
01/06/2025
(a),(e)
14,364‌
272‌
Citizens
Financial
Group
Inc
9.21%,
07/08/2024
(e)
111,027‌
2,827‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.90%
Cullen/Frost
Bankers
Inc
4.45%,
12/15/2025
(e)
376,312‌
6,883‌
First
Horizon
Corp
4.70%,
07/10/2026
(e)
2,024‌
35‌
First
Horizon
Corp
6.50%,
10/10/2025
(e)
4,128‌
98‌
First
Horizon
Corp
6.63%,
08/01/2025
(a),(e)
13,646‌
341‌
3
Month
USD
LIBOR
+
4.26%
Goldman
Sachs
Group
Inc/The
6.26%,
07/05/2024
(e)
31,810‌
744‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.93%
Huntington
Bancshares
Inc/OH
4.50%,
04/15/2026
(a),(e)
2,000‌
35‌
Huntington
Bancshares
Inc/OH
5.70%,
09/01/2024
(e)
19,328‌
420‌
Huntington
Bancshares
Inc/OH
6.88%,
04/15/2028
(a),(e)
48,664‌
1,232‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.70%
JPMorgan
Chase
&
Co
4.75%,
12/01/2024
(e)
244,258‌
5,186‌
JPMorgan
Chase
&
Co
5.75%,
09/01/2024
(e)
32,068‌
795‌
KeyCorp
5.65%,
09/15/2024
(a),(e)
30,834‌
662‌
KeyCorp
6.13%,
12/15/2026
(a),(e)
902,972‌
21,807‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.15%
KeyCorp
6.20%,
12/15/2027
(e)
367,372‌
8,321‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.13%
M&T
Bank
Corp
0.00%,
06/15/2029
(e),(f)
407,334‌
10,310‌
M&T
Bank
Corp
5.63%,
12/15/2026
(e)
27,698‌
662‌
3
Month
USD
LIBOR
+
4.02%
Morgan
Stanley
5.85%,
04/15/2027
(e)
649,481‌
15,899‌
3
Month
USD
LIBOR
+
3.49%
Morgan
Stanley
6.50%,
10/15/2027
(e)
510,068‌
13,099‌
Northern
Trust
Corp
4.70%,
01/01/2025
(e)
213,595‌
4,535‌
Regions
Financial
Corp
4.45%,
06/15/2026
(e)
286,505‌
5,252‌
Regions
Financial
Corp
5.70%,
05/15/2029
(e)
337,621‌
7,748‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.41%
PREFERRED
STOCKS
(continued)
Shares
Held
Value
(000’s)
Banks
(continued)
Regions
Financial
Corp
6.38%,
09/15/2024
(e)
27,316‌
$
698‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.80%
Truist
Financial
Corp
4.75%,
09/01/2025
(e)
423,671‌
8,647‌
US
Bancorp
3.75%,
01/15/2026
(e)
3,217‌
53‌
US
Bancorp
4.00%,
04/15/2026
(a),(e)
81,251‌
1,428‌
US
Bancorp
6.19%,
07/05/2024
(e)
232,643‌
4,997‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.86%
Webster
Financial
Corp
5.25%,
07/05/2024
(a),(e)
194,856‌
3,845‌
Webster
Financial
Corp
6.50%,
07/02/2024
(a),(e)
37,427‌
870‌
Wells
Fargo
&
Co
4.70%,
12/15/2025
(e)
47,857‌
973‌
Wells
Fargo
&
Co
4.75%,
03/15/2025
(e)
143,273‌
2,926‌
Wells
Fargo
&
Co
5.63%,
09/15/2024
(a),(e)
17,140‌
404‌
$
159,803‌
Diversified
Financial
Services
-
0.51%
Affiliated
Managers
Group
Inc
4.20%,
09/30/2061
160,526‌
2,668‌
Affiliated
Managers
Group
Inc
4.75%,
09/30/2060
(a)
9,003‌
169‌
Affiliated
Managers
Group
Inc
5.88%,
03/30/2059
148,321‌
3,311‌
Capital
One
Financial
Corp
4.25%,
09/01/2026
(e)
98,368‌
1,678‌
Capital
One
Financial
Corp
4.80%,
06/01/2025
(a),(e)
197,961‌
3,747‌
Capital
One
Financial
Corp
5.00%,
12/01/2024
(a),(e)
330,649‌
6,606‌
Stifel
Financial
Corp
4.50%,
08/15/2026
(e)
584,639‌
10,611‌
Stifel
Financial
Corp
5.20%,
10/15/2047
4,481‌
97‌
Voya
Financial
Inc
5.35%,
09/15/2029
(e)
72,909‌
1,801‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.21%
$
30,688‌
Electric
-
0.76%
CMS
Energy
Corp
4.20%,
07/15/2026
(e)
1,765‌
34‌
CMS
Energy
Corp
5.88%,
03/01/2079
118,907‌
2,905‌
DTE
Energy
Co
4.38%,
12/01/2081
247,414‌
4,993‌
DTE
Energy
Co
5.25%,
12/01/2077
341,382‌
7,954‌
Duke
Energy
Corp
5.75%,
07/03/2024
(e)
49,138‌
1,228‌
Entergy
Arkansas
LLC
4.88%,
09/01/2066
25,308‌
540‌
Entergy
Louisiana
LLC
4.88%,
09/01/2066
90,267‌
1,943‌
Entergy
Texas
Inc
5.38%,
10/15/2024
(e)
29,934‌
687‌
Georgia
Power
Co
5.00%,
10/01/2077
194,503‌
4,651‌
NextEra
Energy
Capital
Holdings
Inc
5.65%,
03/01/2079
100,051‌
2,449‌
Southern
Co/The
4.95%,
01/30/2080
246,842‌
5,468‌
Southern
Co/The
5.25%,
12/01/2077
552,715‌
12,939‌
$
45,791‌
Food
-
0.38%
Dairy
Farmers
of
America
Inc
7.88%,
12/01/2025
(e),(g)
236,300‌
22,803‌
Insurance
-
0.99%
Allstate
Corp/The
4.75%,
01/15/2025
(e)
135,447‌
2,800‌
Allstate
Corp/The
5.10%,
10/15/2024
(e)
43,211‌
954‌
Allstate
Corp/The
7.38%,
07/15/2028
(e)
243,194‌
6,622‌
Allstate
Corp/The
8.76%,
01/15/2053
236,365‌
6,150‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.43%
American
Financial
Group
Inc/OH
4.50%,
09/15/2060
(a)
100,754‌
1,863‌
American
Financial
Group
Inc/OH
5.63%,
06/01/2060
126,116‌
2,840‌
American
Financial
Group
Inc/OH
5.88%,
03/30/2059
(a)
95,043‌
2,202‌
Arch
Capital
Group
Ltd
4.55%,
06/11/2026
(e)
119,912‌
2,343‌
Arch
Capital
Group
Ltd
5.45%,
07/03/2024
(e)
66,066‌
1,481‌
Assurant
Inc
5.25%,
01/15/2061
16,003‌
337‌
Equitable
Holdings
Inc
4.30%,
03/15/2026
(a),(e)
538,152‌
10,047‌
Equitable
Holdings
Inc
5.25%,
12/15/2024
(a),(e)
461,567‌
10,270‌
Prudential
Financial
Inc
5.95%,
09/01/2062
181,800‌
4,594‌
RenaissanceRe
Holdings
Ltd
4.20%,
07/15/2026
(e)
126,330‌
2,196‌
RenaissanceRe
Holdings
Ltd
5.75%,
07/04/2024
(e)
22,727‌
515‌
W
R
Berkley
Corp
4.13%,
03/30/2061
78,852‌
1,443‌
Schedule
of
Investments
Spectrum
Preferred
and
Capital
Securities
Income
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
117
PREFERRED
STOCKS
(continued)
Shares
Held
Value
(000’s)
Insurance
(continued)
W
R
Berkley
Corp
5.10%,
12/30/2059
150,258‌
$
3,193‌
$
59,850‌
REITs
-
1.26%
Digital
Realty
Trust
Inc
5.85%,
07/03/2024
(e)
33,981‌
799‌
Federal
Realty
Investment
Trust
5.00%,
07/03/2024
(e)
19,052‌
398‌
Kimco
Realty
Corp
5.13%,
07/05/2024
(e)
27,666‌
587‌
Kimco
Realty
Corp
5.25%,
07/05/2024
(e)
108,649‌
2,379‌
Prologis
Inc
8.54%,
11/13/2026
(e)
141,782‌
8,050‌
Public
Storage
3.88%,
10/06/2025
(e)
69,402‌
1,215‌
Public
Storage
3.90%,
11/17/2025
(e)
84,891‌
1,486‌
Public
Storage
3.95%,
08/17/2026
(e)
74,948‌
1,323‌
Public
Storage
4.00%,
11/19/2026
(e)
433,276‌
7,894‌
Public
Storage
4.00%,
06/16/2026
(e)
829,894‌
14,872‌
Public
Storage
4.10%,
01/13/2027
(e)
48,444‌
891‌
Public
Storage
4.13%,
08/14/2025
(e)
487,871‌
9,143‌
Public
Storage
4.63%,
06/17/2025
(e)
288,137‌
5,970‌
Public
Storage
4.70%,
11/15/2024
(e)
343,891‌
7,266‌
Public
Storage
4.75%,
12/20/2024
(e)
249,550‌
5,370‌
Public
Storage
5.60%,
07/05/2024
(e)
332,437‌
8,394‌
$
76,037‌
Telecommunications
-
0.58%
AT&T
Inc
4.75%,
02/18/2025
(e)
1,738,182‌
35,024‌
AT&T
Inc
5.00%,
12/12/2024
(e)
12,144‌
258‌
$
35,282‌
TOTAL
PREFERRED
STOCKS
$
430,254‌
BONDS
-
90.26%
Principal
Amount
(000's)
Value
(000's)
Banks
-
59.84%
Australia
&
New
Zealand
Banking
Group
Ltd/
United
Kingdom
6.75%,
06/15/2026
(e),(g),(h),(i)
$
12,200‌
$
12,244‌
USD
Swap
Rate
NY
5
Year
+
5.17%
6.75%,
06/15/2026
(e),(h),(i)
2,700‌
2,710‌
USD
Swap
Rate
NY
5
Year
+
5.17%
Banco
Bilbao
Vizcaya
Argentaria
SA
6.13%,
11/16/2027
(e),(h),(i)
14,200‌
13,038‌
USD
Swap
Semi-Annual
5
Year
+
3.87%
6.50%,
03/05/2025
(e),(h),(i)
60,800‌
60,306‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.19%
Banco
Santander
SA
4.75%,
11/12/2026
(e),(h),(i)
55,000‌
49,261‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.75%
9.63%,
11/21/2028
(e),(h),(i)
40,000‌
42,757‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.31%
9.63%,
05/21/2033
(e),(h),(i)
20,000‌
21,937‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.30%
Bank
of
America
Corp
4.38%,
01/27/2027
(a),(e),(h)
19,620‌
18,347‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.76%
6.13%,
04/27/2027
(e),(h)
48,736‌
48,614‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.23%
6.25%,
09/05/2024
(a),(e),(h)
22,600‌
22,501‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.97%
6.50%,
10/23/2024
(a),(e),(h)
84,474‌
84,401‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.44%
8.05%,
06/15/2027
6,312‌
6,690‌
Bank
of
Montreal
7.70%,
05/26/2084
(h)
35,500‌
35,903‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.45%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Bank
of
New
York
Mellon
Corp/The
3.70%,
03/20/2026
(a),(e),(h)
$
49,485‌
$
47,022‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.35%
3.75%,
12/20/2026
(a),(e),(h)
58,050‌
53,286‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.63%
4.63%,
09/20/2026
(e),(h)
7,650‌
7,231‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.39%
4.70%,
09/20/2025
(a),(e),(h)
9,391‌
9,206‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.36%
Bank
of
Nova
Scotia/The
3.63%,
10/27/2081
(h)
2,635‌
2,159‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.61%
4.90%,
06/04/2025
(e),(h)
64,300‌
63,043‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.55%
8.00%,
01/27/2084
(h)
9,000‌
9,174‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.02%
8.63%,
10/27/2082
(h)
22,103‌
23,075‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.39%
Barclays
PLC
4.38%,
03/15/2028
(e),(h),(i)
12,900‌
10,776‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.41%
6.13%,
12/15/2025
(e),(h),(i)
25,000‌
24,311‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.87%
8.00%,
06/15/2024
(e),(h),(i)
12,203‌
12,193‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.67%
8.00%,
03/15/2029
(e),(h),(i)
3,600‌
3,594‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.43%
9.63%,
12/15/2029
(e),(h),(i)
40,400‌
43,064‌
USD
SOFR
ICE
Swap
Rate
5
Year
+
5.78%
BNP
Paribas
SA
4.63%,
01/12/2027
(e),(g),(h),(i)
13,200‌
11,993‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.20%
4.63%,
02/25/2031
(e),(g),(h),(i)
4,100‌
3,381‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.34%
7.38%,
08/19/2025
(e),(g),(h),(i)
1,600‌
1,601‌
USD
Swap
Semi-Annual
5
Year
+
5.15%
7.38%,
08/19/2025
(e),(h),(i)
26,000‌
26,018‌
USD
Swap
Semi-Annual
5
Year
+
5.15%
7.75%,
08/16/2029
(e),(g),(h),(i)
22,000‌
22,514‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.90%
7.75%,
08/16/2029
(e),(h),(i)
10,048‌
10,283‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.90%
8.00%,
08/22/2031
(e),(g),(h),(i)
15,000‌
15,221‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.73%
8.50%,
08/14/2028
(a),(e),(g),(h),(i)
74,300‌
77,610‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.35%
9.25%,
11/17/2027
(e),(g),(h),(i)
6,000‌
6,409‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.97%
Schedule
of
Investments
Spectrum
Preferred
and
Capital
Securities
Income
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
118
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
BNP
Paribas
SA  
(continued)
9.25%,
11/17/2027
(e),(h),(i)
$
8,600‌
$
9,186‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.97%
Citigroup
Capital
III
7.63%,
12/01/2036
3,300‌
3,410‌
Citigroup
Inc
3.88%,
02/18/2026
(e),(h)
68,100‌
64,068‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.42%
4.00%,
12/10/2025
(e),(h)
35,990‌
34,393‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.60%
4.70%,
01/30/2025
(e),(h)
6,500‌
6,361‌
Secured
Overnight
Financing
Rate
+
3.23%
5.95%,
05/15/2025
(e),(h)
6,168‌
6,119‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.17%
6.25%,
08/15/2026
(e),(h)
71,997‌
71,898‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.78%
7.38%,
05/15/2028
(e),(h)
24,600‌
25,179‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.21%
Citizens
Financial
Group
Inc
4.00%,
10/06/2026
(a),(e),(h)
25,074‌
22,664‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.22%
5.65%,
10/06/2025
(a),(e),(h)
69,996‌
68,556‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.31%
6.38%,
07/06/2024
(a),(e)
12,835‌
12,601‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.42%
8.57%,
07/06/2024
(a),(e)
3,440‌
3,352‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.26%
Corestates
Capital
III
6.15%,
02/15/2027
(g)
18,621‌
18,241‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.83%
Credit
Agricole
SA
4.75%,
03/23/2029
(e),(g),(h),(i)
2,100‌
1,833‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.24%
8.13%,
12/23/2025
(e),(g),(h),(i)
63,768‌
65,043‌
USD
Swap
Semi-Annual
5
Year
+
6.19%
8.13%,
12/23/2025
(e),(h),(i)
15,000‌
15,300‌
USD
Swap
Semi-Annual
5
Year
+
6.19%
Danske
Bank
A/S
1.55%,
09/10/2027
(h)
5,000‌
4,574‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
0.73%
7.00%,
06/26/2025
(e),(h),(i)
62,745‌
62,431‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
7
Year
+
4.13%
Depository
Trust
&
Clearing
Corp/The
3.38%,
06/20/2026
(e),(g),(h)
18,000‌
15,933‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.61%
Fifth
Third
Bancorp
4.50%,
09/30/2025
(a),(e),(h)
13,740‌
13,249‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.22%
First
Maryland
Capital
I
6.59%,
01/15/2027
2,000‌
1,892‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.26%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Goldman
Sachs
Group
Inc
/The
3.65%,
08/10/2026
(e),(h)
$
22,598‌
$
20,742‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.92%
3.80%,
05/10/2026
(a),(e),(h)
12,800‌
12,005‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.97%
4.13%,
11/10/2026
(e),(h)
11,800‌
10,936‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.95%
4.95%,
02/10/2025
(a),(e),(h)
23,663‌
23,299‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.22%
5.50%,
08/10/2024
(a),(e),(h)
15,750‌
15,683‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.62%
7.50%,
05/10/2029
(e),(h)
8,000‌
8,219‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.81%
HSBC
Capital
Funding
Dollar
1
LP
10.18%,
06/30/2030
(e),(g),(h)
64,567‌
78,106‌
3
Month
USD
LIBOR
+
4.98%
10.18%,
06/30/2030
(a),(e),(h)
48,408‌
58,558‌
3
Month
USD
LIBOR
+
4.98%
HSBC
Holdings
PLC
6.00%,
05/22/2027
(e),(h),(i)
15,900‌
15,197‌
USD
Swap
Rate
NY
5
Year
+
3.75%
6.37%,
03/30/2025
(e),(h),(i)
14,800‌
14,681‌
USD
Swap
Rate
NY
5
Year
+
4.37%
6.50%,
03/23/2028
(e),(h),(i)
5,600‌
5,415‌
USD
Swap
Rate
NY
5
Year
+
3.61%
Huntington
Bancshares
Inc
/OH
4.45%,
10/15/2027
(e),(h)
87,459‌
80,699‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
7
Year
+
4.05%
5.63%,
07/15/2030
(a),(e),(h)
38,673‌
35,937‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
10
Year
+
4.95%
ING
Groep
NV
3.88%,
05/16/2027
(e),(h),(i)
22,300‌
18,998‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.86%
4.25%,
05/16/2031
(e),(h),(i)
14,500‌
11,270‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.86%
4.88%,
05/16/2029
(e),(h),(i)
7,000‌
6,047‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.51%
5.75%,
11/16/2026
(e),(h),(i)
20,625‌
19,842‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.34%
6.50%,
04/16/2025
(e),(h),(i)
54,700‌
54,373‌
USD
Swap
Semi-Annual
5
Year
+
4.45%
Intesa
Sanpaolo
SpA
7.70%,
09/17/2025
(e),(g),(h),(i)
91,826‌
91,674‌
USD
Swap
Semi-Annual
5
Year
+
5.46%
8.25%,
11/21/2033
(g),(h)
25,319‌
28,151‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
4.40%
JPMorgan
Chase
&
Co
3.65%,
06/01/2026
(a),(e),(h)
132,806‌
124,654‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.85%
6.54%,
01/15/2087
4,000‌
3,681‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.21%
Schedule
of
Investments
Spectrum
Preferred
and
Capital
Securities
Income
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
119
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
JPMorgan
Chase
&
Co  
(continued)
6.88%,
06/01/2029
(a),(e),(h)
$
48,000‌
$
49,531‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.74%
KeyCorp
5.00%,
09/15/2026
(a),(e),(h)
16,152‌
14,402‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.87%
KeyCorp
Capital
I
6.30%,
07/01/2028
8,405‌
7,630‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.00%
KeyCorp
Capital
III
7.75%,
07/15/2029
11,200‌
11,263‌
Lloyds
Banking
Group
PLC
6.75%,
06/27/2026
(a),(e),(h),(i)
200‌
199‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.82%
7.50%,
06/27/2024
(e),(h),(i)
33,331‌
33,353‌
USD
Swap
Semi-Annual
5
Year
+
4.76%
7.50%,
09/27/2025
(e),(h),(i)
39,780‌
39,609‌
USD
Swap
Rate
NY
5
Year
+
4.50%
8.00%,
09/27/2029
(a),(e),(h),(i)
6,400‌
6,456‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.91%
M&T
Bank
Corp
3.50%,
09/01/2026
(e),(h)
20,118‌
16,554‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.68%
5.00%,
08/01/2024
(a),(e),(h)
15,848‌
15,539‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.17%
5.13%,
11/01/2026
(a),(e),(h)
6,305‌
5,919‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.78%
Macquarie
Bank
Ltd/London
6.13%,
03/08/2027
(a),(e),(g),(h),(i)
21,000‌
20,626‌
USD
Swap
Semi-Annual
5
Year
+
3.70%
6.13%,
03/08/2027
(e),(h),(i)
5,000‌
4,911‌
USD
Swap
Semi-Annual
5
Year
+
3.70%
NatWest
Group
PLC
4.60%,
06/28/2031
(e),(h),(i)
14,885‌
11,815‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.10%
6.00%,
12/29/2025
(e),(h),(i)
55,100‌
53,842‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.63%
8.00%,
08/10/2025
(e),(h),(i)
42,225‌
42,456‌
USD
Swap
Semi-Annual
5
Year
+
5.72%
8.13%,
11/10/2033
(e),(h),(i)
6,000‌
6,084‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.75%
Nordea
Bank
Abp
6.13%,
09/23/2024
(a),(e),(g),(h),(i)
29,631‌
29,541‌
USD
Swap
Semi-Annual
5
Year
+
3.39%
6.13%,
09/23/2024
(e),(h),(i)
18,735‌
18,678‌
USD
Swap
Semi-Annual
5
Year
+
3.39%
6.63%,
03/26/2026
(e),(h),(i)
13,400‌
13,212‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.11%
6.63%,
03/26/2026
(e),(g),(h),(i)
74,562‌
73,514‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.11%
Northern
Trust
Corp
4.60%,
10/01/2026
(a),(e),(h)
12,400‌
11,918‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.46%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
PNC
Financial
Services
Group
Inc
/The
3.40%,
09/15/2026
(e),(h)
$
19,500‌
$
17,333‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.60%
6.00%,
05/15/2027
(a),(e),(h)
6,000‌
5,839‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.00%
6.20%,
09/15/2027
(e),(h)
9,200‌
9,039‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.24%
6.25%,
03/15/2030
(e),(h)
53,320‌
50,885‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
7
Year
+
2.81%
Regions
Financial
Corp
5.75%,
06/15/2025
(a),(e),(h)
9,964‌
9,860‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.43%
Royal
Bank
of
Canada
7.50%,
05/02/2084
(a),(h)
30,000‌
30,526‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.89%
Skandinaviska
Enskilda
Banken
AB
5.13%,
05/13/2025
(e),(h),(i)
32,800‌
32,061‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.46%
Societe
Generale
SA
8.00%,
09/29/2025
(e),(g),(h),(i)
7,260‌
7,301‌
USD
Swap
Rate
NY
5
Year
+
5.87%
8.00%,
09/29/2025
(e),(h),(i)
19,000‌
19,106‌
USD
Swap
Rate
NY
5
Year
+
5.87%
8.50%,
03/25/2034
(e),(g),(h),(i)
24,000‌
23,426‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.15%
9.38%,
11/22/2027
(e),(g),(h),(i)
3,800‌
3,911‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.39%
10.00%,
11/14/2028
(a),(e),(g),(h),(i)
11,100‌
11,788‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.45%
Standard
Chartered
PLC
4.30%,
08/19/2028
(e),(g),(h),(i)
13,032‌
10,803‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.14%
4.75%,
01/14/2031
(e),(g),(h),(i)
10,000‌
8,192‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.81%
4.75%,
01/14/2031
(e),(h),(i)
10,000‌
8,190‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.81%
6.00%,
07/26/2025
(a),(e),(h),(i)
8,000‌
7,841‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.66%
6.00%,
07/26/2025
(e),(g),(h),(i)
15,000‌
14,701‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.66%
7.01%,
07/30/2037
(e),(g),(h)
9,200‌
9,217‌
3
Month
USD
LIBOR
+
1.46%
7.75%,
08/15/2027
(a),(e),(g),(h),(i)
45,000‌
45,404‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.98%
State
Street
Corp
6.70%,
03/15/2029
(e),(h)
37,000‌
37,385‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.61%
Svenska
Handelsbanken
AB
4.38%,
03/01/2027
(e),(h),(i)
20,400‌
18,844‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.94%
Schedule
of
Investments
Spectrum
Preferred
and
Capital
Securities
Income
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
120
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Swedbank
AB
7.63%,
03/17/2028
(e),(h),(i)
$
14,000‌
$
13,908‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.59%
7.75%,
03/17/2030
(e),(h),(i)
14,800‌
14,672‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.66%
Toronto-Dominion
Bank/The
8.13%,
10/31/2082
(h)
25,800‌
26,740‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.08%
Truist
Financial
Corp
4.80%,
09/01/2024
(e),(h)
93,457‌
91,306‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.00%
4.95%,
09/01/2025
(a),(e),(h)
23,134‌
22,637‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.61%
5.10%,
03/01/2030
(e),(h)
2,649‌
2,455‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
10
Year
+
4.35%
6.24%,
03/15/2028
9,022‌
8,633‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.91%
6.25%,
05/15/2027
(a)
10,900‌
10,575‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.93%
6.54%,
04/01/2027
7,000‌
6,791‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.24%
8.69%,
12/15/2024
(a),(e)
11,268‌
11,343‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.36%
UBS
Group
AG
3.88%,
06/02/2026
(a),(e),(g),(h),(i)
20,000‌
18,473‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.10%
4.38%,
02/10/2031
(e),(g),(h),(i)
7,000‌
5,677‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.31%
6.88%,
08/07/2025
(e),(h),(i)
16,933‌
16,756‌
USD
Swap
Semi-Annual
(VS
6
Month)
5
Year
+
4.59%
7.00%,
02/19/2025
(e),(h),(i)
43,320‌
43,212‌
USD
Swap
Semi-Annual
5
Year
+
4.87%
9.25%,
11/13/2028
(e),(g),(h),(i)
17,000‌
18,151‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.75%
UniCredit
SpA
8.00%,
06/03/2024
(e),(h),(i)
60,750‌
60,750‌
USD
Swap
Semi-Annual
5
Year
+
5.18%
US
Bancorp
3.70%,
01/15/2027
(e),(h)
36,243‌
32,257‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.54%
5.30%,
04/15/2027
(a),(e),(h)
10,895‌
10,417‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.18%
USB
Realty
Corp
6.74%,
01/15/2027
(e),(g)
1,500‌
1,162‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.41%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Wells
Fargo
&
Co
3.90%,
03/15/2026
(e),(h)
$
114,743‌
$
108,444‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.45%
6.09%,
01/15/2027
(a)
5,345‌
5,224‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.76%
7.63%,
09/15/2028
(a),(e),(h)
47,100‌
49,597‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.61%
7.95%,
11/15/2029
3,700‌
4,088‌
$
3,618,295‌
Diversified
Financial
Services
-
5.47%
Ally
Financial
Inc
4.70%,
05/15/2026
(a),(e),(h)
13,200‌
11,621‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.87%
4.70%,
05/15/2028
(a),(e),(h)
3,400‌
2,719‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
7
Year
+
3.48%
American
Express
Co
3.55%,
09/15/2026
(a),(e),(h)
75,190‌
68,539‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.85%
Capital
One
Financial
Corp
3.95%,
09/01/2026
(a),(e),(h)
30,140‌
27,087‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.16%
Charles
Schwab
Corp/The
4.00%,
06/01/2026
(e),(h)
101,900‌
94,786‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.17%
5.38%,
06/01/2025
(e),(h)
65,131‌
64,101‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.97%
Discover
Financial
Services
6.13%,
06/23/2025
(e),(h)
31,180‌
30,998‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.78%
Julius
Baer
Group
Ltd
3.63%,
03/23/2028
(e),(h),(i)
3,500‌
2,826‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.54%
6.88%,
06/09/2027
(e),(h),(i)
5,000‌
4,716‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.94%
Voya
Financial
Inc
4.70%,
01/23/2048
(h)
13,055‌
11,158‌
3
Month
USD
LIBOR
+
2.08%
7.76%,
09/15/2028
(e),(h)
11,706‌
12,037‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.36%
$
330,588‌
Electric
-
4.92%
American
Electric
Power
Co
Inc
3.88%,
02/15/2062
(h)
20,950‌
19,085‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.68%
Dominion
Energy
Inc
4.65%,
12/15/2024
(e),(h)
122,977‌
122,430‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.99%
6.88%,
02/01/2055
(h)
18,800‌
19,070‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.39%
7.00%,
06/01/2054
(h)
31,000‌
32,003‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.51%
Schedule
of
Investments
Spectrum
Preferred
and
Capital
Securities
Income
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
121
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
Duke
Energy
Corp
3.25%,
01/15/2082
(h)
$
4,100‌
$
3,658‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.32%
4.88%,
09/16/2024
(e),(h)
68,712‌
67,738‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.39%
NextEra
Energy
Capital
Holdings
Inc
5.65%,
05/01/2079
(h)
3,200‌
3,033‌
3
Month
USD
LIBOR
+
3.16%
6.70%,
09/01/2054
(h)
13,700‌
13,694‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.36%
7.63%,
10/01/2066
(a)
17,264‌
16,615‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.33%
$
297,326‌
Food
-
0.17%
Dairy
Farmers
of
America
Inc
7.13%,
12/01/2026
(e),(g)
10,700‌
10,085‌
Insurance
-
12.55%
ACE
Capital
Trust
II
9.70%,
04/01/2030
15,505‌
18,419‌
Allianz
SE
3.20%,
10/30/2027
(e),(g),(h),(i)
5,800‌
4,778‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.17%
3.50%,
11/17/2025
(e),(h),(i)
6,200‌
5,799‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.97%
3.50%,
11/17/2025
(e),(g),(h),(i)
27,400‌
25,626‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.97%
American
International
Group
Inc
5.75%,
04/01/2048
(h)
13,218‌
12,960‌
3
Month
USD
LIBOR
+
2.87%
Aon
Corp
8.21%,
01/01/2027
4,350‌
4,619‌
Argentum
Netherlands
BV
for
Swiss
Re
Ltd
5.63%,
08/15/2052
(h)
63,620‌
62,412‌
3
Month
USD
LIBOR
+
3.78%
5.75%,
08/15/2050
(h)
49,800‌
49,236‌
3
Month
USD
LIBOR
+
3.59%
Argentum
Netherlands
BV
for
Zurich
Insurance
Co
Ltd
5.13%,
06/01/2048
(h)
2,490‌
2,421‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.27%
AXA
SA
5.13%,
01/17/2047
(h)
500‌
489‌
Secured
Overnight
Financing
Rate
+
4.14%
Corebridge
Financial
Inc
6.88%,
12/15/2052
(h)
36,290‌
36,517‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.85%
Everest
Reinsurance
Holdings
Inc
7.97%,
05/01/2067
14,420‌
13,816‌
3
Month
USD
LIBOR
+
2.39%
Liberty
Mutual
Group
Inc
4.13%,
12/15/2051
(g),(h)
19,000‌
17,578‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.32%
7.80%,
03/07/2087
(g)
76,240‌
80,172‌
3
Month
USD
LIBOR
+
3.58%
Liberty
Mutual
Insurance
Co
7.70%,
10/15/2097
(g)
5,025‌
5,538‌
MetLife
Capital
Trust
IV
7.88%,
12/15/2067
(g)
24,540‌
26,220‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Insurance
(continued)
MetLife
Inc
3.85%,
09/15/2025
(e),(h)
$
25,556‌
$
24,572‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.58%
6.40%,
12/15/2066
10,650‌
10,732‌
9.25%,
04/08/2068
(g)
53,475‌
61,981‌
3
Month
USD
LIBOR
+
5.54%
10.75%,
08/01/2069
50,413‌
66,920‌
3
Month
USD
LIBOR
+
7.55%
Mitsui
Sumitomo
Insurance
Co
Ltd
4.95%,
03/06/2029
(e),(h)
520‌
502‌
USD
Swap
Semi-Annual
5
Year
+
3.26%
4.95%,
03/06/2029
(e),(g),(h)
1,800‌
1,738‌
USD
Swap
Semi-Annual
5
Year
+
3.26%
MMI
Capital
Trust
I
7.63%,
12/15/2027
1,073‌
1,122‌
Muenchener
Rueckversicherungs-Gesellschaft
AG
in
Muenchen
5.88%,
05/23/2042
(g),(h)
4,800‌
4,784‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.98%
5.88%,
05/23/2042
(h)
1,800‌
1,794‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.98%
Nationwide
Financial
Services
Inc
6.75%,
05/15/2087
73,215‌
72,532‌
Nippon
Life
Insurance
Co
2.75%,
01/21/2051
(g),(h)
3,200‌
2,659‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.65%
2.90%,
09/16/2051
(g),(h)
22,900‌
18,883‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.60%
4.70%,
01/20/2046
(g),(h)
5,000‌
4,877‌
USD
Swap
Rate
NY
5
Year
+
3.75%
5.10%,
10/16/2044
(g),(h)
19,700‌
19,623‌
USD
Swap
Semi-Annual
5
Year
+
3.65%
5.95%,
04/16/2054
(g),(h)
9,600‌
9,552‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.59%
Prudential
Financial
Inc
3.70%,
10/01/2050
(h)
1,406‌
1,209‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.04%
5.13%,
03/01/2052
(h)
1,000‌
929‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.16%
6.00%,
09/01/2052
(h)
23,400‌
22,874‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.23%
6.50%,
03/15/2054
(h)
3,500‌
3,509‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.40%
Sumitomo
Life
Insurance
Co
4.00%,
09/14/2077
(a),(g),(h)
4,700‌
4,407‌
3
Month
USD
LIBOR
+
2.99%
Swiss
RE
Subordinated
Finance
PLC
5.70%,
04/05/2035
(g),(h)
8,200‌
8,058‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.81%
Zurich
Finance
Ireland
Designated
Activity
Co
3.00%,
04/19/2051
(h)
60,100‌
49,298‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.78%
$
759,155‌
Schedule
of
Investments
Spectrum
Preferred
and
Capital
Securities
Income
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
122
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Oil
&
Gas
-
0.43%
BP
Capital
Markets
PLC
4.38%,
06/22/2025
(e),(h)
$
5,048‌
$
4,936‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.04%
4.88%,
03/22/2030
(e),(h)
22,562‌
21,287‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.40%
$
26,223‌
Pipelines
-
3.13%
Enbridge
Inc
5.75%,
07/15/2080
(h)
59,201‌
55,170‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.31%
6.00%,
01/15/2077
(h)
39,981‌
38,616‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.15%
6.25%,
03/01/2078
(h)
34,882‌
33,261‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.90%
8.25%,
01/15/2084
(h)
2,000‌
2,074‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.79%
Enterprise
Products
Operating
LLC
5.25%,
08/16/2077
(h)
36,410‌
34,779‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.29%
Transcanada
Trust
5.50%,
09/15/2079
(h)
28,000‌
25,606‌
Secured
Overnight
Financing
Rate
+
4.42%
$
189,506‌
REITs
-
0.96%
Scentre
Group
Trust
2
4.75%,
09/24/2080
(g),(h)
7,000‌
6,702‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.38%
4.75%,
09/24/2080
(h)
4,300‌
4,117‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.38%
5.13%,
09/24/2080
(g),(h)
51,600‌
47,198‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.69%
$
58,017‌
Sovereign
-
1.09%
CoBank
ACB
4.25%,
01/01/2027
(e),(h)
1,000‌
857‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.05%
6.25%,
10/01/2026
(e),(h)
16,400‌
16,206‌
3
Month
USD
LIBOR
+
4.66%
6.45%,
10/01/2027
(e),(h)
11,400‌
11,293‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.49%
7.25%,
07/01/2029
(e),(h)
20,000‌
20,281‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.88%
Farm
Credit
Bank
of
Texas
5.70%,
09/15/2025
(e),(g),(h)
11,800‌
11,542‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.42%
7.75%,
06/15/2029
(e),(h)
6,000‌
6,022‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.29%
$
66,201‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Telecommunications
-
0.94%
Vodafone
Group
PLC
3.25%,
06/04/2081
(h)
$
15,900‌
$
14,882‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.45%
7.00%,
04/04/2079
(h)
40,785‌
42,021‌
USD
Swap
Semi-Annual
5
Year
+
4.87%
$
56,903‌
Transportation
-
0
.76%
BNSF
Funding
Trust
I
6.61%,
12/15/2055
(h)
46,256‌
45,756‌
3
Month
USD
LIBOR
+
2.35%
TOTAL
BONDS
$
5,458,055‌
Total
Investments
$
6,115,444‌
Other
Assets
and
Liabilities
-  (1.14)%
(68,728‌)
TOTAL
NET
ASSETS
-
100.00%
$
6,046,716‌
(a)
Security
or
a
portion
of
the
security
was
on
loan.  At
the
end
of
the
period,
the
value
of
these
securities
totaled
$139,867
or
2.31%
of
net
assets.
(b)
1-day
yield
shown
is
as
of
period
end.
(c)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$143,818
or
2.38%
of
net
assets.
(d)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(e)
Perpetual
security.
Perpetual
securities
pay
an
indefinite
stream
of
interest,
but
they
may
be
called
by
the
issuer
at
an
earlier
date.
Date
shown,
if
any,
reflects
the
next
call
date
or
final
legal
maturity
date.
Rate
shown
is
as
of
period
end.
(f)
Non-income
producing
security
(g)
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
$1,146,645
or
18.96%
of
net
assets.
(h)
Rate
shown
is
as
of
period
end.
The
rate
may
be
a
variable
or
floating
rate
or
a
fixed
rate
which
may
convert
to
a
variable
or
floating
rate
in
the
future.
(
i
)
Security
is
a
contingent
convertible
security,
("
CoCo
").
CoCo's
are
hybrid
debt
securities
that
may
convert
to
equity
or
have
their
principal
written
down
upon
occurrence
of
certain
"triggers".
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$1,663,719
or
27.51%
of
net
assets.
Portfolio
Summary
Sector
Percent
Financial
84.27‌%
Utilities
5.68‌%
Energy
3.56‌%
Money
Market
Funds
2.91‌%
Communications
1.52‌%
Government
1.09‌%
Exchange-Traded
Funds
0.80‌%
Industrial
0.76‌%
Consumer,
Non-cyclical
0.55‌%
Other
Assets
and
Liabilities
(1.14‌)%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
Spectrum
Preferred
and
Capital
Securities
Income
Fund
May
31,
2024
(unaudited)
See
accompanying
notes.
123
Affiliated
Securities
August
31,
2023
Purchases
Sales
May
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
$
108,485‌
$
1,904,490‌
$
1,892,570‌
$
120,405‌
$
108,485‌
$
1,904,490‌
$
1,892,570‌
$
120,405‌
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.23%
$
2,220‌
$
—‌
$
—‌
$
—‌
$
2,220‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Glossary
to
the
Schedule
of
Investments
May
31,
2024
(unaudited)
See
accompanying
notes.
124
Currency
Abbreviations
AUD
Australian
Dollar
BRL
Brazilian
Real
CAD
Canadian
Dollar
CHF
Swiss
Franc
COP
Colombian
Peso
EUR
Euro
GBP
British
Pound
Sterling
HUF
Hungarian
Forint
IDR
Indonesian
Rupiah
INR
Indian
Rupee
JPY
Japanese
Yen
KRW
South
Korean
Won
MXN
Mexican
Peso
NOK
Norwegian
Krone
NZD
New
Zealand
Dollar
PEN
Peruvian
Nuevo
Sol
PLN
Polish
Zloty
TRY
Turkish
Lira
USD/$
United
States
Dollar
UYU
Uruguayan
Peso
ZAR
South
African
Rand
May
31,
2024
(unaudited)
125
Security
Valuation.
Blue
Chip
Fund,
Bond
Market
Index
Fund,
Capital
Securities
Fund,
Diversified
Real
Asset
Fund,
Edge
MidCap
Fund,
Global
Multi-Strategy
Fund,
Global
Sustainable
Listed
Infrastructure
Fund,
International
Equity
Index
Fund,
International
Small
Company
Fund,
Opportunistic
Municipal
Fund,
Origin
Emerging
Markets
Fund,
Small-MidCap
Dividend
Income
Fund,
and
Spectrum
Preferred
and
Capital
Securities
Income
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
such
as
current
quotations
by
broker/dealers,
coupon,
maturity,
quality,
type
of
issue,
trading
characteristics,
other
yield
and
risk
factors,
and
other
market
conditions
to
determine
an
evaluated
bid
price
or,
in
the
case
of
certain
credit
default
swaps,
a
mean
price
provided
by
a
pricing
service.
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
the
Principal
Global
Investors,
LLC
(“the
Manager”)
under
procedures
established
and
periodically
reviewed
by
the
Fund’s
Board
of
Directors.
The
Funds
may
invest
in
other
series
of
the
Fund
and
other
investment
funds,
which
may
include
closed-end
investment
companies,
exchange-
traded
funds,
money
market
funds
and
other
registered
open-end
investment
companies.
Investments
in
registered
open-end
investment
companies,
other
than
exchange-traded
funds,
are
valued
at
the
respective
fund’s
closing
net
asset
value
per
share
on
the
day
of
valuation.
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.
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
American
depositary
receipts
(“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
or
transferring
a
liability
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
fund’s
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.
Investments
which
are
generally
included
in
this
category
include
listed
equities
and
exchange-traded
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
certain
foreign
equities,
corporate
bonds,
municipal
bonds,
OTC
derivatives,
exchange
cleared
derivatives,
senior
floating
rate
interests,
repurchase
agreements,
and
US
Government
and
Government
Agency
Obligations.
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
common
stocks,
convertible
preferred
stocks,
corporate
bonds,
preferred
stocks,
or
senior
floating
rate
interests.
May
31,
2024
(unaudited)
126
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
Funds’
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,
when
available.
Investments
which
are
included
in
the
Level
3
category
may
be
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:
yield
to
maturity,
EBITDA
multiples,
discount
rates,
available
cash,
or
direct
offering
price.
Significant
increases
in
yield
to
maturity,
EBITDA
multiples,
available
cash,
or
direct
offering
price
would
have
resulted
in
significantly
higher
fair
value
measurements.
Significant
increases
in
discount
rates
would
have
resulted
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
securities
are
dependent
on
economic,
political
and
other
considerations.
The
values
of
such
securities
may
be
affected
by
significant
changes
in
the
economic
conditions,
changes
in
government
policies,
and
other
factors
(e.g.,
natural
disasters,
pandemics,
accidents,
conflicts,
etc.).
The
inputs
or
methodology
used
for
valuing
securities
are
not
necessarily
an
indication
of
the
risk
associated
with
investing
in
those
instruments.
The
following
is
a
summary
of
the
inputs
used
as
of
May
31,
2024
in
valuing
the
Funds’
securities
carried
at
fair
value
(amounts
in
thousands):
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
Blue
Chip
Fund
Common
Stocks*
$
10,909,858
$
—
$
—
$
10,909,858
Investment
Companies*
48,370
—
—
48,370
Total
investments
in
securities
$
10,958,228
$
—
$
—
$
10,958,228
Bond
Market
Index
Fund
Bonds*
—
568,694
—
568,694
Investment
Companies*
96,108
—
—
96,108
Municipal
Bonds*
—
3,150
—
3,150
U.S.
Government
&
Government
Agency
Obligations*
—
1,405,409
—
1,405,409
Total
investments
in
securities
$
96,108
$
1,977,253
$
—
$
2,073,361
Capital
Securities
Fund
Bonds*
—
1,118,794
—
1,118,794
Investment
Companies*
18,357
—
—
18,357
Preferred
Stocks*
2,917
—
—
2,917
Total
investments
in
securities
$
21,274
$
1,118,794
$
—
$
1,140,068
Diversified
Real
Asset
Fund
Bonds*
—
15,794
—
15,794
Common
Stocks
Basic
Materials
122,043
50,424
—
172,467
Communications
—
9,498
1
9,499
Consumer,
Cyclical
8,929
5,720
1
14,650
Consumer,
Non-cyclical
46,327
35,526
2
81,855
Energy
283,842
36,270
—
320,112
May
31,
2024
(unaudited)
127
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
Diversified
Real
Asset
Fund
(continued)
Common
Stocks
(continued)
Financial
$
437,194
$
197,984
$
—
$
635,178
Industrial
73,103
142,690
51
215,844
Technology
9,177
1,990
—
11,167
Utilities
225,633
200,205
—
425,838
Investment
Companies*
260,302
—
—
260,302
Preferred
Stocks
Industrial
—
4
248
252
Utilities
4,703
—
—
4,703
Senior
Floating
Rate
Interests*
—
146,142
—
146,142
U.S.
Government
&
Government
Agency
Obligations*
—
932,427
—
932,427
Purchased
Options
—
46
—
46
Purchased
Interest
Rate
Swaptions
—
104
—
104
Total
investments
in
securities
$
1,471,253
$
1,774,824
$
303
$
3,246,380
Derivative
Assets
Credit
Contracts
Exchange
Cleared
Credit
Default
Swaps**
—
34
—
34
Commodity
Contracts
Futures**
31,
2
89
—
—
31,
2
89
Foreign
Exchange
Contracts
Foreign
Currency
Contracts
—
130
—
130
Interest
Rate
Contracts
Exchange
Cleared
Interest
Rate
Swaps**
—
324
—
324
Futures**
29
—
—
29
Derivative
Liabilities
Commodity
Contracts
Futures**
(11,157
)
—
—
(11,157
)
Total
Return
Swaps
—
(1,278)
—
(1,278)
Foreign
Exchange
Contracts
Foreign
Currency
Contracts
—
(178)
—
(178)
Interest
Rate
Contracts
Exchange
Cleared
Interest
Rate
Swaps**
—
(21)
—
(21)
Futures**
(19)
—
—
(19)
Written
Interest
Rate
Swaptions
—
(52)
—
(52)
Edge
MidCap
Fund
Common
Stocks*
74,956
—
—
74,956
Investment
Companies*
1,767
—
—
1,767
Total
investments
in
securities
$
76,723
$
—
$
—
$
76,723
Global
Multi-Strategy
Fund
Bonds*
—
129,175
516
129,691
Common
Stocks
Basic
Materials
6,397
601
—
6,998
Communications
15,754
303
—
16,057
Consumer,
Cyclical
12,492
2,155
—
14,647
Consumer,
Non-cyclical
25,879
9,064
7
34,950
Diversified
1,495
388
—
1,883
Energy
10,220
454
—
10,674
Financial
16,861
2,515
—
19,376
Industrial
20,296
2,691
—
22,987
Technology
22,438
1,381
337
24,156
Utilities
2,523
298
—
2,821
Convertible
Bonds*
—
5,061
—
5,061
Convertible
Preferred
Stocks
Energy
21
—
52
73
Financial
38
—
—
38
Investment
Companies*
87,428
—
—
87,428
Preferred
Stocks
Consumer,
Cyclical
—
25
—
25
Energy
435
—
—
435
Senior
Floating
Rate
Interests*
—
1,724
1
1,725
U.S.
Government
&
Government
Agency
Obligations*
—
9,722
—
9,722
Purchased
Options
113
150
—
263
Total
investments
in
securities
$
222,390
$
165,707
$
913
$
389,010
Short
Sales
May
31,
2024
(unaudited)
128
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
Global
Multi-Strategy
Fund
(continued)
Common
Stocks
Basic
Materials
$
(362)
$
(393)
$
—
$
(755)
Communications
(980)
(496)
—
(1,476)
Consumer,
Cyclical
(696)
(2,090)
—
(2,786)
Consumer,
Non-cyclical
(2,676)
(2,189)
—
(4,865)
Energy
(280)
(183)
—
(463)
Financial
(745)
(706)
—
(1,451)
Industrial
(2,190)
(2,492)
—
(4,682)
Technology
(1,408)
(527)
—
(1,935)
Utilities
—
(111)
—
(111)
Preferred
Stocks
Industrial
—
(73)
—
(73)
U.S.
Government
&
Government
Agency
Obligations*
—
(69)
—
(69)
Total
Short
Sales
$
(9,337)
$
(9,329)
$
—
$
(18,666)
Derivative
Assets
Credit
Contracts
Exchange
Cleared
Credit
Default
Swaps**
—
14
—
14
Commodity
Contracts
Futures**
862
—
—
862
Equity
Contracts
Futures**
576
—
—
576
Total
Return
Equity
Basket
Swaps
—
3,952
—
3,952
Foreign
Exchange
Contracts
Foreign
Currency
Contracts
—
1,397
—
1,397
Futures**
26
—
—
26
Interest
Rate
Contracts
Futures**
445
—
—
445
Total
Return
Swaps
—
18
1
—
18
1
Derivative
Liabilities
Credit
Contracts
Credit
Default
Swaps
—
(104)
—
(104)
Exchange
Cleared
Credit
Default
Swaps**
—
(99)
—
(99)
Commodity
Contracts
Futures**
(195)
—
—
(195)
Equity
Contracts
Futures**
(399)
—
—
(399)
Total
Return
Equity
Basket
Swaps
—
(2,162)
—
(2,162)
Written
Options
—
(917)
—
(917)
Foreign
Exchange
Contracts
Foreign
Currency
Contracts
—
(842)
—
(842)
Interest
Rate
Contracts
Exchange
Cleared
Interest
Rate
Swaps**
—
(63)
—
(63)
Futures**
(65)
—
—
(65)
Total
Return
Swaps
—
(32)
—
(32)
Written
Options
(113)
—
—
(113)
Global
Sustainable
Listed
Infrastructure
Fund
Common
Stocks
Consumer,
Non-cyclical
432
688
—
1,120
Energy
1,811
341
—
2,152
Financial
1,555
—
—
1,555
Industrial
1,224
2,313
—
3,537
Utilities
6,847
2,451
—
9,298
Investment
Companies*
728
—
—
728
Total
investments
in
securities
$
12,597
$
5,793
$
—
$
18,390
International
Equity
Index
Fund
Common
Stocks
Basic
Materials
—
72,598
—
72,598
Communications
2,818
47,895
—
50,713
Consumer,
Cyclical
—
159,217
—
159,217
Consumer,
Non-cyclical
2,352
277,728
—
280,080
Diversified
—
621
—
621
Energy
—
51,135
—
51,135
Financial
1,596
253,829
—
255,425
Industrial
—
167,817
—
167,817
Technology
2,387
82,675
—
85,062
May
31,
2024
(unaudited)
129
*For
additional
detail
regarding
sector
and/or
sub-industry
classifications,
please
see
the
Schedule
of
Investments.
**Exchange
cleared
swaps
and
futures
are
presented
at
the
unrealized
appreciation/(depreciation)
of
the
instrument.
At
the
end
of
the
year,
there
were
no
Funds
which
had
a
significant
Level
3
balance.
During
the
year,
there
were
no
significant
purchases,
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
International
Equity
Index
Fund
(continued)
Common
Stocks
(continued)
Utilities
$
—
$
35,404
$
—
$
35,404
Investment
Companies*
47,962
—
—
47,962
Preferred
Stocks
Consumer,
Cyclical
—
3,407
—
3,407
Consumer,
Non-cyclical
—
1,054
—
1,054
Industrial
—
478
—
478
Total
investments
in
securities
$
57,115
$
1,153,858
$
—
$
1,210,973
Derivative
Assets
Equity
Contracts
Futures**
110
—
—
110
International
Small
Company
Fund
Common
Stocks
Basic
Materials
23,949
25,527
—
49,476
Communications
3,364
11,825
—
15,189
Consumer,
Cyclical
11,278
104,237
—
115,515
Consumer,
Non-cyclical
7,078
90,393
—
97,471
Energy
18,617
12,354
—
30,971
Financial
3,515
155,849
—
159,364
Industrial
17,371
156,814
—
174,185
Technology
13,552
47,417
—
60,969
Utilities
4,660
12,218
—
16,878
Investment
Companies*
10,641
—
—
10,641
Total
investments
in
securities
$
114,025
$
616,634
$
—
$
730,659
Opportunistic
Municipal
Fund
Investment
Companies*
186
—
—
186
Municipal
Bonds*
—
152,525
—
152,525
Total
investments
in
securities
$
186
$
152,525
$
—
$
152,711
Origin
Emerging
Markets
Fund
Common
Stocks
Basic
Materials
22,618
54,251
—
76,869
Communications
225,533
233,216
—
458,749
Consumer,
Cyclical
13,748
351,216
—
364,964
Consumer,
Non-cyclical
—
126,717
—
126,717
Energy
14,121
118,293
—
132,414
Financial
95,521
476,289
—
571,810
Industrial
8,371
299,044
—
307,415
Technology
35,150
582,569
—
617,719
Utilities
14,652
—
—
14,652
Investment
Companies*
31,214
—
—
31,214
Preferred
Stocks*
57,959
—
—
57,959
Total
investments
in
securities
$
518,887
$
2,241,595
$
—
$
2,760,482
Small-MidCap
Dividend
Income
Fund
Common
Stocks*
1,161,357
—
—
1,161,357
Investment
Companies*
17,228
—
—
17,228
Total
investments
in
securities
$
1,178,585
$
—
$
—
$
1,178,585
Spectrum
Preferred
and
Capital
Securities
Income
Fund
Bonds*
—
5,458,055
—
5,458,055
Convertible
Preferred
Stocks*
2,805
—
—
2,805
Investment
Companies*
224,330
—
—
224,330
Preferred
Stocks
Communications
35,282
—
—
35,282
Consumer,
Non-cyclical
—
22,803
—
22,803
Financial
326,378
—
—
326,378
Utilities
45,791
—
—
45,791
Total
investments
in
securities
$
634,586
$
5,480,858
$
—
$
6,115,444
May
31,
2024
(unaudited)
130
sales,
or
transfers
into
or
out
of
Level
3.
The
Funds'
Schedules
of
Investments
as
of
May
31,
2024
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.