NPORT-EX 2 principal_4516.htm
Schedule
of
Investments
Blue
Chip
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
1
INVESTMENT
COMPANIES
-
0
.35
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
0
.35
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
4.54%
(a),(b)
16,399,862‌
$
16,400‌
Principal
Government
Money
Market
Fund
-
Class
R-6
4.53%
(a),(b),(c)
25,163,354‌
25,163‌
$
41,563‌
TOTAL
INVESTMENT
COMPANIES
$
41,563‌
COMMON
STOCKS
-
100
.05
%
Shares
Held
Value
(000's)
Aerospace
&
Defense
-
6
.11
%
HEICO
Corp
-
Class
A
942,376‌
$
198,964‌
TransDigm
Group
Inc
415,927‌
521,144‌
$
720,108‌
Building
Materials
-
1
.09
%
Vulcan
Materials
Co
446,081‌
128,529‌
Chemicals
-
2
.25
%
Linde
PLC
372,731‌
171,825‌
Sherwin-Williams
Co/The
234,679‌
93,262‌
$
265,087‌
Commercial
Services
-
0
.64
%
Moody's
Corp
151,318‌
75,656‌
Computers
-
0
.69
%
Gartner
Inc
(d)
157,897‌
81,780‌
Distribution
&
Wholesale
-
2
.43
%
Copart
Inc
(d)
4,528,807‌
287,081‌
Diversified
Financial
Services
-
12
.16
%
Brookfield
Asset
Management
Ltd
(e)
717,602‌
41,018‌
Brookfield
Wealth
Solutions
Ltd
(d)
58,969‌
3,620‌
Charles
Schwab
Corp/The
3,196,942‌
264,579‌
Mastercard
Inc
1,090,732‌
581,295‌
Visa
Inc
1,724,177‌
543,254‌
$
1,433,766‌
Electronics
-
0
.44
%
Amphenol
Corp
708,406‌
51,466‌
Healthcare
-
Products
-
5
.87
%
Danaher
Corp
1,524,387‌
365,380‌
IDEXX
Laboratories
Inc
(d)
126,398‌
53,309‌
Intuitive
Surgical
Inc
(d)
87,685‌
47,525‌
Thermo
Fisher
Scientific
Inc
426,943‌
226,122‌
$
692,336‌
Insurance
-
4
.03
%
Progressive
Corp/The
1,765,156‌
474,615‌
Internet
-
19
.49
%
Alphabet
Inc
-
A
Shares
839,232‌
141,788‌
Alphabet
Inc
-
C
Shares
3,503,570‌
597,324‌
Amazon.com
Inc
(d)
4,901,790‌
1,019,033‌
Netflix
Inc
(d)
608,389‌
539,525‌
$
2,297,670‌
Lodging
-
3
.08
%
Hilton
Worldwide
Holdings
Inc
1,433,531‌
363,314‌
Pharmaceuticals
-
1
.84
%
Zoetis
Inc
1,236,488‌
216,694‌
Private
Equity
-
8
.61
%
Brookfield
Corp
10,351,038‌
635,450‌
KKR
&
Co
Inc
2,331,962‌
379,807‌
$
1,015,257‌
Real
Estate
-
1
.97
%
CoStar
Group
Inc
(d)
2,849,311‌
231,763‌
Retail
-
3
.52
%
Costco
Wholesale
Corp
143,371‌
139,339‌
O'Reilly
Automotive
Inc
(d)
222,242‌
276,296‌
$
415,635‌
Semiconductors
-
1
.73
%
NVIDIA
Corp
1,477,154‌
204,217‌
Software
-
24
.10
%
Adobe
Inc
(d)
554,254‌
285,956‌
Cadence
Design
Systems
Inc
(d)
1,254,196‌
384,800‌
Constellation
Software
Inc/Canada
19,884‌
66,677‌
Intuit
Inc
654,671‌
420,122‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Software
(continued)
Microsoft
Corp
3,148,220‌
$
1,333,145‌
MSCI
Inc
133,447‌
81,353‌
Roper
Technologies
Inc
476,137‌
269,703‌
$
2,841,756‌
TOTAL
COMMON
STOCKS
$
11,796,730‌
Total
Investments
$
11,838,293‌
Other
Assets
and
Liabilities
-  (0.40)%
(
46,955‌
)
TOTAL
NET
ASSETS
-
100.00%
$
11,791,338‌
(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
$41,560
or
0.35%
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
$40,608
or
0.34%
of
net
assets.
Schedule
of
Investments
Blue
Chip
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
2
Affiliated
Securities
August
31,
2024
Purchases
Sales
November
30,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
4.53%
$
5‌
$
68,762‌
$
43,604‌
$
25,163‌
$
5‌
$
68,762‌
$
43,604‌
$
25,163‌
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
4.53%
$
8‌
$
—‌
$
—‌
$
—‌
$
8‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
3
INVESTMENT
COMPANIES
-
5
.27
%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
1
.18
%
iShares
iBoxx
$
Investment
Grade
Corporate
Bond
ETF
(a)
215,000‌
$
23,769‌
Vanguard
Short-Term
Corporate
Bond
ETF
(a)
45,000‌
3,539‌
$
27,308‌
Money
Market
Funds
-
4
.09
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
4.54%
(b),(c)
12,250,625‌
12,251‌
Principal
Government
Money
Market
Fund
-
Class
R-6
4.53%
(b),(c),(d)
82,255,429‌
82,255‌
$
94,506‌
TOTAL
INVESTMENT
COMPANIES
$
121,814‌
BONDS
-
27
.08
%
Principal
Amount
(000's)
Value
(000's)
Advertising
-
0
.01
%
Interpublic
Group
of
Cos
Inc/The
2.40%,
03/01/2031
$
60‌
$
52‌
Omnicom
Group
Inc
2.45%,
04/30/2030
155‌
138‌
2.60%,
08/01/2031
35‌
30‌
$
220‌
Aerospace
&
Defense
-
0
.51
%
Boeing
Co/The
2.70%,
02/01/2027
110‌
105‌
2.75%,
02/01/2026
785‌
764‌
2.95%,
02/01/2030
140‌
125‌
3.25%,
02/01/2028
685‌
647‌
3.50%,
03/01/2039
200‌
151‌
3.63%,
02/01/2031
85‌
77‌
3.95%,
08/01/2059
290‌
197‌
5.04%,
05/01/2027
315‌
315‌
5.15%,
05/01/2030
475‌
473‌
5.71%,
05/01/2040
120‌
116‌
5.81%,
05/01/2050
505‌
483‌
5.88%,
02/15/2040
100‌
98‌
5.93%,
05/01/2060
350‌
331‌
6.26%,
05/01/2027
(e)
110‌
113‌
6.30%,
05/01/2029
(e)
255‌
266‌
6.53%,
05/01/2034
(e)
50‌
53‌
6.86%,
05/01/2054
(e)
200‌
217‌
General
Dynamics
Corp
1.15%,
06/01/2026
200‌
191‌
2.25%,
06/01/2031
280‌
244‌
4.25%,
04/01/2040
155‌
141‌
L3Harris
Technologies
Inc
5.05%,
06/01/2029
125‌
126‌
5.40%,
01/15/2027
160‌
163‌
5.40%,
07/31/2033
160‌
164‌
5.50%,
08/15/2054
290‌
294‌
5.60%,
07/31/2053
55‌
56‌
Lockheed
Martin
Corp
3.90%,
06/15/2032
75‌
71‌
4.07%,
12/15/2042
105‌
91‌
4.09%,
09/15/2052
162‌
135‌
4.15%,
06/15/2053
310‌
260‌
4.50%,
02/15/2029
135‌
135‌
4.70%,
05/15/2046
75‌
70‌
4.75%,
02/15/2034
160‌
159‌
5.10%,
11/15/2027
155‌
158‌
5.20%,
02/15/2064
135‌
133‌
5.25%,
01/15/2033
155‌
160‌
5.70%,
11/15/2054
155‌
166‌
Northrop
Grumman
Corp
3.20%,
02/01/2027
130‌
126‌
4.70%,
03/15/2033
160‌
158‌
4.90%,
06/01/2034
135‌
135‌
4.95%,
03/15/2053
120‌
113‌
5.25%,
05/01/2050
600‌
590‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Aerospace
&
Defense
(continued)
RTX
Corp
1.90%,
09/01/2031
$
155‌
$
129‌
2.38%,
03/15/2032
60‌
51‌
2.82%,
09/01/2051
150‌
96‌
3.03%,
03/15/2052
60‌
40‌
4.05%,
05/04/2047
610‌
502‌
4.13%,
11/16/2028
270‌
265‌
4.70%,
12/15/2041
350‌
324‌
5.00%,
02/27/2026
410‌
412‌
5.15%,
02/27/2033
410‌
416‌
5.38%,
02/27/2053
305‌
304‌
5.75%,
11/08/2026
145‌
148‌
5.75%,
01/15/2029
145‌
151‌
6.10%,
03/15/2034
180‌
194‌
6.40%,
03/15/2054
180‌
205‌
$
11,807‌
Agriculture
-
0
.37
%
Altria
Group
Inc
2.45%,
02/04/2032
60‌
50‌
3.40%,
05/06/2030
530‌
493‌
3.70%,
02/04/2051
60‌
44‌
3.88%,
09/16/2046
410‌
315‌
4.00%,
02/04/2061
(a)
60‌
45‌
5.38%,
01/31/2044
375‌
370‌
5.80%,
02/14/2039
350‌
360‌
Archer-Daniels-Midland
Co
2.70%,
09/15/2051
60‌
38‌
2.90%,
03/01/2032
130‌
115‌
4.50%,
08/15/2033
290‌
283‌
BAT
Capital
Corp
2.26%,
03/25/2028
150‌
138‌
2.73%,
03/25/2031
150‌
132‌
3.46%,
09/06/2029
210‌
198‌
3.98%,
09/25/2050
390‌
292‌
4.39%,
08/15/2037
540‌
482‌
4.54%,
08/15/2047
400‌
332‌
5.83%,
02/20/2031
100‌
104‌
6.42%,
08/02/2033
155‌
167‌
7.08%,
08/02/2043
155‌
174‌
7.08%,
08/02/2053
80‌
92‌
BAT
International
Finance
PLC
1.67%,
03/25/2026
150‌
144‌
5.93%,
02/02/2029
310‌
322‌
Bunge
Ltd
Finance
Corp
2.75%,
05/14/2031
60‌
53‌
Philip
Morris
International
Inc
0.88%,
05/01/2026
85‌
81‌
1.75%,
11/01/2030
85‌
72‌
4.13%,
03/04/2043
300‌
255‌
4.63%,
11/01/2029
140‌
140‌
4.88%,
02/13/2026
400‌
401‌
4.88%,
02/15/2028
160‌
161‌
4.88%,
02/13/2029
130‌
131‌
4.90%,
11/01/2034
140‌
138‌
5.13%,
11/17/2027
580‌
589‌
5.25%,
02/13/2034
130‌
132‌
5.38%,
02/15/2033
160‌
164‌
5.50%,
09/07/2030
315‌
326‌
5.63%,
11/17/2029
580‌
604‌
5.75%,
11/17/2032
290‌
304‌
Reynolds
American
Inc
5.70%,
08/15/2035
50‌
51‌
5.85%,
08/15/2045
375‌
371‌
$
8,663‌
Airlines
-
0
.02
%
American
Airlines
2019-1
Class
AA
Pass
Through
Trust
3.15%,
08/15/2033
106‌
98‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
4
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Airlines
(continued)
Delta
Air
Lines
2020-1
Class
AA
Pass
Through
Trust
2.00%,
06/10/2028
$
236‌
$
219‌
Southwest
Airlines
Co
3.00%,
11/15/2026
80‌
77‌
United
Airlines
2019-2
Class
AA
Pass
Through
Trust
2.70%,
11/01/2033
55‌
49‌
$
443‌
Apparel
-
0
.01
%
NIKE
Inc
3.25%,
03/27/2040
155‌
125‌
3.38%,
11/01/2046
225‌
171‌
$
296‌
Automobile
Manufacturers
-
0
.54
%
American
Honda
Finance
Corp
1.30%,
09/09/2026
60‌
57‌
2.25%,
01/12/2029
65‌
59‌
4.60%,
04/17/2030
160‌
159‌
4.70%,
01/12/2028
160‌
161‌
4.90%,
07/09/2027
150‌
151‌
4.90%,
01/10/2034
135‌
134‌
5.05%,
07/10/2031
130‌
131‌
5.65%,
11/15/2028
140‌
145‌
5.85%,
10/04/2030
360‌
380‌
Ford
Motor
Co
6.10%,
08/19/2032
215‌
219‌
Ford
Motor
Credit
Co
LLC
2.70%,
08/10/2026
215‌
206‌
5.13%,
11/05/2026
270‌
269‌
5.30%,
09/06/2029
270‌
267‌
5.80%,
03/05/2027
265‌
268‌
5.80%,
03/08/2029
250‌
252‌
5.85%,
05/17/2027
255‌
259‌
6.05%,
03/05/2031
265‌
270‌
6.05%,
11/05/2031
210‌
213‌
6.80%,
11/07/2028
290‌
303‌
7.12%,
11/07/2033
290‌
312‌
7.35%,
11/04/2027
215‌
227‌
General
Motors
Co
5.00%,
04/01/2035
250‌
241‌
5.15%,
04/01/2038
160‌
152‌
5.20%,
04/01/2045
85‌
78‌
5.40%,
04/01/2048
65‌
60‌
5.95%,
04/01/2049
230‌
230‌
6.25%,
10/02/2043
305‌
314‌
General
Motors
Financial
Co
Inc
1.25%,
01/08/2026
655‌
630‌
1.50%,
06/10/2026
60‌
57‌
2.35%,
02/26/2027
240‌
228‌
2.35%,
01/08/2031
55‌
47‌
2.40%,
04/10/2028
60‌
55‌
2.40%,
10/15/2028
155‌
142‌
2.70%,
06/10/2031
60‌
52‌
4.00%,
10/06/2026
75‌
74‌
4.35%,
01/17/2027
310‌
307‌
4.90%,
10/06/2029
135‌
134‌
5.25%,
03/01/2026
200‌
201‌
5.35%,
07/15/2027
130‌
132‌
5.40%,
05/08/2027
130‌
132‌
5.45%,
09/06/2034
(a)
135‌
135‌
5.55%,
07/15/2029
250‌
256‌
5.60%,
06/18/2031
130‌
132‌
5.80%,
01/07/2029
270‌
278‌
6.00%,
01/09/2028
160‌
165‌
6.40%,
01/09/2033
160‌
170‌
Honda
Motor
Co
Ltd
2.53%,
03/10/2027
135‌
130‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Automobile
Manufacturers
(continued)
PACCAR
Financial
Corp
4.45%,
08/06/2027
$
330‌
$
331‌
4.60%,
01/31/2029
(a)
135‌
136‌
5.00%,
05/13/2027
130‌
132‌
Toyota
Motor
Corp
1.34%,
03/25/2026
115‌
110‌
5.12%,
07/13/2028
160‌
163‌
Toyota
Motor
Credit
Corp
1.15%,
08/13/2027
160‌
147‌
1.65%,
01/10/2031
55‌
46‌
1.90%,
01/13/2027
65‌
62‌
4.35%,
10/08/2027
135‌
135‌
4.45%,
06/29/2029
205‌
204‌
4.55%,
08/07/2026
600‌
601‌
4.55%,
05/17/2030
320‌
318‌
4.60%,
10/10/2031
375‌
370‌
4.80%,
01/05/2034
180‌
179‌
5.00%,
03/19/2027
155‌
157‌
5.10%,
03/21/2031
125‌
128‌
5.40%,
11/20/2026
205‌
209‌
$
12,402‌
Automobile
Parts
&
Equipment
-
0
.02
%
Aptiv
PLC
/
Aptiv
Corp
3.25%,
03/01/2032
160‌
141‌
BorgWarner
Inc
4.38%,
03/15/2045
300‌
253‌
$
394‌
Banks
-
5
.63
%
Australia
&
New
Zealand
Banking
Group
Ltd/New
York
NY
4.90%,
07/16/2027
455‌
461‌
Banco
Santander
SA
1.85%,
03/25/2026
400‌
384‌
3.49%,
05/28/2030
200‌
184‌
4.18%,
03/24/2028
(f)
600‌
589‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.00%
5.29%,
08/18/2027
200‌
202‌
5.44%,
07/15/2031
400‌
408‌
5.59%,
08/08/2028
200‌
205‌
6.94%,
11/07/2033
200‌
224‌
Bank
of
America
Corp
1.66%,
03/11/2027
(f)
210‌
202‌
Secured
Overnight
Financing
Rate
+
0.91%
1.73%,
07/22/2027
(f)
415‌
395‌
Secured
Overnight
Financing
Rate
+
0.96%
1.90%,
07/23/2031
(f)
445‌
380‌
Secured
Overnight
Financing
Rate
+
1.53%
1.92%,
10/24/2031
(f)
205‌
173‌
Secured
Overnight
Financing
Rate
+
1.37%
2.09%,
06/14/2029
(f)
60‌
55‌
Secured
Overnight
Financing
Rate
+
1.06%
2.30%,
07/21/2032
(f)
115‌
98‌
Secured
Overnight
Financing
Rate
+
1.22%
2.48%,
09/21/2036
(f)
630‌
524‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.20%
2.50%,
02/13/2031
(f)
225‌
200‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.25%
2.55%,
02/04/2028
(f)
255‌
243‌
Secured
Overnight
Financing
Rate
+
1.05%
2.57%,
10/20/2032
(f)
260‌
224‌
Secured
Overnight
Financing
Rate
+
1.21%
2.65%,
03/11/2032
(f)
175‌
153‌
Secured
Overnight
Financing
Rate
+
1.22%
2.68%,
06/19/2041
(f)
465‌
337‌
Secured
Overnight
Financing
Rate
+
1.93%
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
5
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Bank
of
America
Corp
(continued)
2.83%,
10/24/2051
(f)
$
75‌
$
49‌
Secured
Overnight
Financing
Rate
+
1.88%
2.97%,
02/04/2033
(f)
530‌
464‌
Secured
Overnight
Financing
Rate
+
1.33%
2.97%,
07/21/2052
(f)
115‌
78‌
Secured
Overnight
Financing
Rate
+
1.56%
3.25%,
10/21/2027
350‌
338‌
3.31%,
04/22/2042
(f)
715‌
561‌
Secured
Overnight
Financing
Rate
+
1.58%
3.42%,
12/20/2028
(f)
500‌
480‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.30%
3.59%,
07/21/2028
(f)
600‌
582‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.63%
3.82%,
01/20/2028
(f)
500‌
490‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.84%
3.85%,
03/08/2037
(f)
550‌
498‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.00%
3.97%,
03/05/2029
(f)
75‌
73‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.33%
3.97%,
02/07/2030
(f)
600‌
580‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.47%
4.08%,
03/20/2051
(f)
315‌
262‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.41%
4.33%,
03/15/2050
(f)
255‌
221‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.78%
4.38%,
04/27/2028
(f)
175‌
174‌
Secured
Overnight
Financing
Rate
+
1.58%
4.57%,
04/27/2033
(f)
115‌
112‌
Secured
Overnight
Financing
Rate
+
1.83%
5.00%,
01/21/2044
75‌
73‌
5.02%,
07/22/2033
(f)
585‌
587‌
Secured
Overnight
Financing
Rate
+
2.16%
5.08%,
01/20/2027
(f)
500‌
501‌
Secured
Overnight
Financing
Rate
+
1.29%
5.20%,
04/25/2029
(f)
250‌
253‌
Secured
Overnight
Financing
Rate
+
1.63%
5.29%,
04/25/2034
(f)
515‌
523‌
Secured
Overnight
Financing
Rate
+
1.91%
5.43%,
08/15/2035
(f)
200‌
200‌
Secured
Overnight
Financing
Rate
+
1.91%
5.47%,
01/23/2035
(f)
400‌
411‌
Secured
Overnight
Financing
Rate
+
1.65%
5.52%,
10/25/2035
(f)
620‌
623‌
Secured
Overnight
Financing
Rate
+
1.74%
5.82%,
09/15/2029
(f)
315‌
326‌
Secured
Overnight
Financing
Rate
+
1.57%
5.87%,
09/15/2034
(f)
315‌
332‌
Secured
Overnight
Financing
Rate
+
1.84%
5.88%,
02/07/2042
60‌
65‌
5.93%,
09/15/2027
(f)
315‌
321‌
Secured
Overnight
Financing
Rate
+
1.34%
6.11%,
01/29/2037
100‌
107‌
7.75%,
05/14/2038
500‌
606‌
Bank
of
America
NA
5.53%,
08/18/2026
265‌
269‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Bank
of
Montreal
0.95%,
01/22/2027
(f)
$
55‌
$
53‌
Secured
Overnight
Financing
Rate
+
0.60%
3.09%,
01/10/2037
(f)
125‌
105‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.40%
4.64%,
09/10/2030
(f)
270‌
268‌
Secured
Overnight
Financing
Rate
+
1.25%
4.70%,
09/14/2027
435‌
436‌
5.30%,
06/05/2026
160‌
162‌
5.37%,
06/04/2027
195‌
199‌
5.72%,
09/25/2028
315‌
327‌
Bank
of
New
York
Mellon
Corp/The
2.05%,
01/26/2027
65‌
62‌
2.50%,
01/26/2032
65‌
56‌
3.99%,
06/13/2028
(f)
70‌
69‌
Secured
Overnight
Financing
Rate
+
1.15%
4.54%,
02/01/2029
(f)
370‌
370‌
Secured
Overnight
Financing
Rate
+
1.17%
4.89%,
07/21/2028
(f)
130‌
131‌
Secured
Overnight
Financing
Rate
+
0.84%
4.95%,
04/26/2027
(f)
270‌
271‌
Secured
Overnight
Financing
Rate
+
1.03%
4.97%,
04/26/2034
(f)
170‌
170‌
Secured
Overnight
Financing
Rate
+
1.61%
5.06%,
07/22/2032
(f)
130‌
132‌
Secured
Overnight
Financing
Rate
+
1.23%
5.19%,
03/14/2035
(f)
160‌
163‌
Secured
Overnight
Financing
Rate
+
1.42%
5.83%,
10/25/2033
(f)
155‌
164‌
Secured
Overnight
Financing
Rate
+
2.07%
6.32%,
10/25/2029
(f)
315‌
334‌
Secured
Overnight
Financing
Rate
+
1.60%
Bank
of
Nova
Scotia/The
1.05%,
03/02/2026
60‌
57‌
1.30%,
09/15/2026
260‌
246‌
2.15%,
08/01/2031
60‌
51‌
2.70%,
08/03/2026
400‌
388‌
4.50%,
12/16/2025
60‌
60‌
4.74%,
11/10/2032
(a),(f)
135‌
133‌
Secured
Overnight
Financing
Rate
+
1.44%
4.85%,
02/01/2030
615‌
618‌
5.35%,
12/07/2026
135‌
137‌
5.40%,
06/04/2027
255‌
260‌
Barclays
PLC
2.65%,
06/24/2031
(f)
385‌
339‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.90%
3.56%,
09/23/2035
(f)
200‌
179‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.90%
3.81%,
03/10/2042
(f)
200‌
162‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.70%
4.38%,
01/12/2026
380‌
378‌
4.84%,
09/10/2028
(f)
200‌
199‌
Secured
Overnight
Financing
Rate
+
1.34%
4.94%,
09/10/2030
(f)
200‌
198‌
Secured
Overnight
Financing
Rate
+
1.56%
4.97%,
05/16/2029
(f)
750‌
750‌
3
Month
USD
LIBOR
+
1.90%
5.50%,
08/09/2028
(f)
300‌
304‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.65%
5.67%,
03/12/2028
(f)
250‌
254‌
Secured
Overnight
Financing
Rate
+
1.49%
5.69%,
03/12/2030
(f)
250‌
255‌
Secured
Overnight
Financing
Rate
+
1.74%
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
6
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Barclays
PLC
(continued)
6.22%,
05/09/2034
(f)
$
320‌
$
337‌
Secured
Overnight
Financing
Rate
+
2.98%
6.50%,
09/13/2027
(f)
235‌
241‌
Secured
Overnight
Financing
Rate
+
1.88%
6.69%,
09/13/2034
(f)
315‌
342‌
Secured
Overnight
Financing
Rate
+
2.62%
7.44%,
11/02/2033
(f)
310‌
350‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
3.50%
Canadian
Imperial
Bank
of
Commerce
1.25%,
06/22/2026
60‌
57‌
4.63%,
09/11/2030
(a),(f)
135‌
134‌
Secured
Overnight
Financing
Rate
+
1.34%
5.00%,
04/28/2028
350‌
353‌
5.26%,
04/08/2029
130‌
132‌
5.93%,
10/02/2026
160‌
163‌
5.99%,
10/03/2028
160‌
167‌
Citibank
NA
5.57%,
04/30/2034
260‌
271‌
5.80%,
09/29/2028
275‌
286‌
Citigroup
Inc
1.12%,
01/28/2027
(f)
60‌
57‌
Secured
Overnight
Financing
Rate
+
0.77%
1.46%,
06/09/2027
(f)
455‌
433‌
Secured
Overnight
Financing
Rate
+
0.77%
2.52%,
11/03/2032
(f)
155‌
132‌
Secured
Overnight
Financing
Rate
+
1.18%
2.56%,
05/01/2032
(f)
200‌
173‌
Secured
Overnight
Financing
Rate
+
1.17%
2.57%,
06/03/2031
(f)
310‌
274‌
Secured
Overnight
Financing
Rate
+
2.11%
2.90%,
11/03/2042
(f)
60‌
44‌
Secured
Overnight
Financing
Rate
+
1.38%
2.98%,
11/05/2030
(f)
150‌
137‌
Secured
Overnight
Financing
Rate
+
1.42%
3.06%,
01/25/2033
(f)
500‌
439‌
Secured
Overnight
Financing
Rate
+
1.35%
3.52%,
10/27/2028
(f)
125‌
121‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.41%
3.70%,
01/12/2026
110‌
109‌
3.79%,
03/17/2033
(f)
520‌
478‌
Secured
Overnight
Financing
Rate
+
1.94%
3.88%,
01/24/2039
(f)
220‌
191‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.43%
4.13%,
07/25/2028
620‌
606‌
4.28%,
04/24/2048
(f)
100‌
86‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.10%
4.30%,
11/20/2026
75‌
74‌
4.45%,
09/29/2027
875‌
866‌
4.54%,
09/19/2030
(f)
270‌
266‌
Secured
Overnight
Financing
Rate
+
1.34%
4.60%,
03/09/2026
400‌
399‌
4.65%,
07/30/2045
115‌
105‌
4.66%,
05/24/2028
(f)
835‌
832‌
Secured
Overnight
Financing
Rate
+
1.89%
4.91%,
05/24/2033
(f)
165‌
163‌
Secured
Overnight
Financing
Rate
+
2.09%
5.17%,
02/13/2030
(f)
265‌
268‌
Secured
Overnight
Financing
Rate
+
1.36%
5.41%,
09/19/2039
(f)
135‌
132‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.73%
5.83%,
02/13/2035
(f)
500‌
510‌
Secured
Overnight
Financing
Rate
+
2.06%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Citigroup
Inc
(continued)
6.17%,
05/25/2034
(f)
$
320‌
$
335‌
Secured
Overnight
Financing
Rate
+
2.66%
6.27%,
11/17/2033
(f)
310‌
333‌
Secured
Overnight
Financing
Rate
+
2.34%
6.68%,
09/13/2043
360‌
413‌
Cooperatieve
Rabobank
UA
5.25%,
05/24/2041
185‌
189‌
Cooperatieve
Rabobank
UA/NY
4.80%,
01/09/2029
265‌
267‌
Deutsche
Bank
AG/New
York
NY
4.10%,
01/13/2026
250‌
248‌
5.00%,
09/11/2030
(f)
270‌
267‌
Secured
Overnight
Financing
Rate
+
1.70%
5.37%,
09/09/2027
255‌
259‌
6.72%,
01/18/2029
(f)
320‌
334‌
Secured
Overnight
Financing
Rate
+
3.18%
7.08%,
02/10/2034
(f)
320‌
336‌
Secured
Overnight
Financing
Rate
+
3.65%
Fifth
Third
Bancorp
4.06%,
04/25/2028
(f)
275‌
270‌
Secured
Overnight
Financing
Rate
+
1.36%
5.63%,
01/29/2032
(f)
135‌
139‌
Secured
Overnight
Financing
Rate
+
1.84%
6.34%,
07/27/2029
(f)
235‌
246‌
Secured
Overnight
Financing
Rate
+
2.34%
Goldman
Sachs
Group
Inc/The
1.09%,
12/09/2026
(f)
395‌
380‌
Secured
Overnight
Financing
Rate
+
0.79%
1.43%,
03/09/2027
(f)
285‌
273‌
Secured
Overnight
Financing
Rate
+
0.80%
1.54%,
09/10/2027
(f)
60‌
57‌
Secured
Overnight
Financing
Rate
+
0.82%
1.95%,
10/21/2027
(f)
235‌
222‌
Secured
Overnight
Financing
Rate
+
0.91%
1.99%,
01/27/2032
(f)
355‌
298‌
Secured
Overnight
Financing
Rate
+
1.09%
2.60%,
02/07/2030
590‌
530‌
2.62%,
04/22/2032
(f)
115‌
100‌
Secured
Overnight
Financing
Rate
+
1.28%
2.64%,
02/24/2028
(f)
185‌
177‌
Secured
Overnight
Financing
Rate
+
1.11%
2.65%,
10/21/2032
(f)
425‌
365‌
Secured
Overnight
Financing
Rate
+
1.26%
2.91%,
07/21/2042
(f)
115‌
84‌
Secured
Overnight
Financing
Rate
+
1.47%
3.10%,
02/24/2033
(f)
210‌
185‌
Secured
Overnight
Financing
Rate
+
1.41%
3.21%,
04/22/2042
(f)
60‌
46‌
Secured
Overnight
Financing
Rate
+
1.51%
3.44%,
02/24/2043
(f)
200‌
157‌
Secured
Overnight
Financing
Rate
+
1.63%
3.69%,
06/05/2028
(f)
290‌
282‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.77%
3.75%,
02/25/2026
75‌
74‌
3.81%,
04/23/2029
(f)
75‌
73‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.42%
3.85%,
01/26/2027
510‌
501‌
4.22%,
05/01/2029
(f)
500‌
491‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.56%
4.41%,
04/23/2039
(f)
175‌
160‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.69%
4.48%,
08/23/2028
(f)
445‌
441‌
Secured
Overnight
Financing
Rate
+
1.73%
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
7
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Goldman
Sachs
Group
Inc/The
(continued)
4.69%,
10/23/2030
(f)
$
275‌
$
273‌
Secured
Overnight
Financing
Rate
+
1.14%
5.02%,
10/23/2035
(f)
275‌
272‌
Secured
Overnight
Financing
Rate
+
1.42%
5.05%,
07/23/2030
(f)
595‌
598‌
Secured
Overnight
Financing
Rate
+
1.21%
5.15%,
05/22/2045
450‌
434‌
5.33%,
07/23/2035
(f)
475‌
480‌
Secured
Overnight
Financing
Rate
+
1.55%
5.56%,
11/19/2045
(f)
280‌
284‌
Secured
Overnight
Financing
Rate
+
1.58%
5.73%,
04/25/2030
(f)
220‌
227‌
Secured
Overnight
Financing
Rate
+
1.27%
5.85%,
04/25/2035
(f)
150‌
157‌
Secured
Overnight
Financing
Rate
+
1.55%
6.25%,
02/01/2041
220‌
241‌
6.48%,
10/24/2029
(f)
315‌
333‌
Secured
Overnight
Financing
Rate
+
1.77%
6.56%,
10/24/2034
(f)
160‌
176‌
Secured
Overnight
Financing
Rate
+
1.95%
6.75%,
10/01/2037
785‌
869‌
HSBC
Holdings
PLC
2.01%,
09/22/2028
(f)
300‌
277‌
Secured
Overnight
Financing
Rate
+
1.73%
2.36%,
08/18/2031
(f)
200‌
172‌
Secured
Overnight
Financing
Rate
+
1.95%
2.80%,
05/24/2032
(f)
600‌
518‌
Secured
Overnight
Financing
Rate
+
1.19%
2.85%,
06/04/2031
(f)
200‌
178‌
Secured
Overnight
Financing
Rate
+
2.39%
3.97%,
05/22/2030
(f)
300‌
287‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.87%
4.04%,
03/13/2028
(f)
500‌
490‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.81%
4.58%,
06/19/2029
(f)
300‌
296‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.80%
4.76%,
06/09/2028
(f)
250‌
249‌
Secured
Overnight
Financing
Rate
+
2.11%
5.29%,
11/19/2030
(f)
280‌
282‌
Secured
Overnight
Financing
Rate
+
1.29%
5.40%,
08/11/2033
(f)
500‌
504‌
Secured
Overnight
Financing
Rate
+
2.87%
5.55%,
03/04/2030
(f)
250‌
254‌
Secured
Overnight
Financing
Rate
+
1.46%
5.72%,
03/04/2035
(f)
250‌
257‌
Secured
Overnight
Financing
Rate
+
1.78%
5.73%,
05/17/2032
(f)
255‌
262‌
Secured
Overnight
Financing
Rate
+
1.52%
5.87%,
11/18/2035
(f)
280‌
282‌
Secured
Overnight
Financing
Rate
+
1.90%
5.89%,
08/14/2027
(f)
370‌
376‌
Secured
Overnight
Financing
Rate
+
1.57%
6.16%,
03/09/2029
(f)
200‌
207‌
Secured
Overnight
Financing
Rate
+
1.97%
6.25%,
03/09/2034
(f)
570‌
606‌
Secured
Overnight
Financing
Rate
+
2.39%
6.33%,
03/09/2044
(f)
595‌
651‌
Secured
Overnight
Financing
Rate
+
2.65%
6.50%,
09/15/2037
100‌
108‌
6.55%,
06/20/2034
(f)
320‌
338‌
Secured
Overnight
Financing
Rate
+
2.98%
7.39%,
11/03/2028
(f)
310‌
330‌
Secured
Overnight
Financing
Rate
+
3.35%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Huntington
Bancshares
Inc/OH
5.27%,
01/15/2031
(f)
$
140‌
$
142‌
Secured
Overnight
Financing
Rate
+
1.28%
Huntington
National
Bank/The
5.65%,
01/10/2030
310‌
320‌
ING
Groep
NV
1.73%,
04/01/2027
(f)
700‌
671‌
Secured
Overnight
Financing
Rate
+
1.01%
5.34%,
03/19/2030
(f)
250‌
254‌
Secured
Overnight
Financing
Rate
+
1.44%
6.11%,
09/11/2034
(f)
235‌
249‌
Secured
Overnight
Financing
Rate
+
2.09%
JPMorgan
Chase
&
Co
1.04%,
02/04/2027
(f)
115‌
110‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.70%
1.47%,
09/22/2027
(f)
245‌
231‌
Secured
Overnight
Financing
Rate
+
0.77%
1.58%,
04/22/2027
(f)
115‌
110‌
Secured
Overnight
Financing
Rate
+
0.89%
1.76%,
11/19/2031
(f)
135‌
114‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.11%
1.95%,
02/04/2032
(f)
115‌
97‌
Secured
Overnight
Financing
Rate
+
1.07%
2.07%,
06/01/2029
(f)
190‌
174‌
Secured
Overnight
Financing
Rate
+
1.02%
2.18%,
06/01/2028
(f)
70‌
66‌
Secured
Overnight
Financing
Rate
+
1.89%
2.53%,
11/19/2041
(f)
65‌
46‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.51%
2.55%,
11/08/2032
(f)
420‌
361‌
Secured
Overnight
Financing
Rate
+
1.18%
2.58%,
04/22/2032
(f)
465‌
405‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.25%
2.74%,
10/15/2030
(f)
600‌
546‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.51%
2.95%,
10/01/2026
525‌
511‌
2.96%,
05/13/2031
(f)
575‌
520‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.52%
3.11%,
04/22/2041
(f)
235‌
183‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.46%
3.11%,
04/22/2051
(f)
235‌
165‌
Secured
Overnight
Financing
Rate
+
2.44%
3.33%,
04/22/2052
(f)
115‌
84‌
Secured
Overnight
Financing
Rate
+
1.58%
3.51%,
01/23/2029
(f)
590‌
569‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.21%
3.88%,
07/24/2038
(f)
100‌
88‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.62%
3.96%,
11/15/2048
(f)
825‌
681‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.64%
4.01%,
04/23/2029
(f)
200‌
195‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.38%
4.20%,
07/23/2029
(f)
230‌
226‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.52%
4.32%,
04/26/2028
(f)
550‌
544‌
Secured
Overnight
Financing
Rate
+
1.56%
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
8
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
JPMorgan
Chase
&
Co
(continued)
4.51%,
10/22/2028
(f)
$
205‌
$
204‌
Secured
Overnight
Financing
Rate
+
0.86%
4.57%,
06/14/2030
(f)
305‌
302‌
Secured
Overnight
Financing
Rate
+
1.75%
4.59%,
04/26/2033
(f)
135‌
132‌
Secured
Overnight
Financing
Rate
+
1.80%
4.60%,
10/22/2030
(f)
275‌
273‌
Secured
Overnight
Financing
Rate
+
1.04%
4.85%,
07/25/2028
(f)
65‌
65‌
Secured
Overnight
Financing
Rate
+
1.99%
4.91%,
07/25/2033
(f)
435‌
435‌
Secured
Overnight
Financing
Rate
+
2.08%
4.95%,
10/22/2035
(f)
260‌
258‌
Secured
Overnight
Financing
Rate
+
1.34%
4.95%,
06/01/2045
430‌
410‌
4.98%,
07/22/2028
(f)
260‌
262‌
Secured
Overnight
Financing
Rate
+
0.93%
5.00%,
07/22/2030
(f)
260‌
262‌
Secured
Overnight
Financing
Rate
+
1.13%
5.01%,
01/23/2030
(f)
320‌
322‌
Secured
Overnight
Financing
Rate
+
1.31%
5.04%,
01/23/2028
(f)
305‌
307‌
Secured
Overnight
Financing
Rate
+
1.19%
5.29%,
07/22/2035
(f)
195‌
197‌
Secured
Overnight
Financing
Rate
+
1.46%
5.30%,
07/24/2029
(f)
315‌
320‌
Secured
Overnight
Financing
Rate
+
1.45%
5.34%,
01/23/2035
(f)
185‌
188‌
Secured
Overnight
Financing
Rate
+
1.62%
5.35%,
06/01/2034
(f)
545‌
558‌
Secured
Overnight
Financing
Rate
+
1.85%
5.53%,
11/29/2045
(f)
280‌
287‌
Secured
Overnight
Financing
Rate
+
1.55%
5.57%,
04/22/2028
(f)
250‌
255‌
Secured
Overnight
Financing
Rate
+
0.93%
5.58%,
04/22/2030
(f)
250‌
257‌
Secured
Overnight
Financing
Rate
+
1.16%
5.60%,
07/15/2041
370‌
387‌
5.72%,
09/14/2033
(f)
255‌
264‌
Secured
Overnight
Financing
Rate
+
2.58%
5.77%,
04/22/2035
(f)
390‌
408‌
Secured
Overnight
Financing
Rate
+
1.49%
6.07%,
10/22/2027
(f)
320‌
328‌
Secured
Overnight
Financing
Rate
+
1.33%
6.09%,
10/23/2029
(f)
320‌
335‌
Secured
Overnight
Financing
Rate
+
1.57%
6.25%,
10/23/2034
(f)
320‌
346‌
Secured
Overnight
Financing
Rate
+
1.81%
JPMorgan
Chase
Bank
NA
5.11%,
12/08/2026
270‌
273‌
KeyBank
NA/Cleveland
OH
5.85%,
11/15/2027
775‌
797‌
KeyCorp
2.25%,
04/06/2027
110‌
104‌
Korea
Development
Bank/The
0.80%,
04/27/2026
200‌
190‌
3.00%,
01/13/2026
400‌
393‌
4.38%,
02/15/2028
315‌
314‌
4.50%,
02/15/2029
265‌
265‌
5.38%,
10/23/2026
320‌
325‌
5.63%,
10/23/2033
200‌
214‌
Kreditanstalt
fuer
Wiederaufbau
0.00%,
06/29/2037
(g)
250‌
143‌
0.63%,
01/22/2026
565‌
542‌
1.00%,
10/01/2026
90‌
85‌
2.88%,
04/03/2028
(a)
600‌
575‌
3.00%,
05/20/2027
320‌
311‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Kreditanstalt
fuer
Wiederaufbau
(continued)
3.50%,
08/27/2027
$
145‌
$
142‌
3.63%,
04/01/2026
480‌
476‌
3.75%,
02/15/2028
250‌
246‌
3.88%,
06/15/2028
380‌
376‌
4.00%,
03/15/2029
480‌
477‌
4.13%,
07/15/2033
315‌
313‌
4.38%,
03/01/2027
500‌
502‌
4.38%,
02/28/2034
140‌
141‌
4.63%,
08/07/2026
315‌
317‌
4.75%,
10/29/2030
320‌
329‌
Landwirtschaftliche
Rentenbank
0.88%,
03/30/2026
315‌
301‌
1.75%,
07/27/2026
200‌
192‌
3.88%,
09/28/2027
320‌
317‌
3.88%,
06/14/2028
320‌
317‌
4.63%,
04/17/2029
250‌
254‌
Lloyds
Banking
Group
PLC
3.57%,
11/07/2028
(f)
200‌
193‌
3
Month
USD
LIBOR
+
1.21%
4.34%,
01/09/2048
400‌
329‌
4.58%,
12/10/2025
575‌
572‌
4.65%,
03/24/2026
675‌
671‌
4.98%,
08/11/2033
(f)
200‌
197‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.30%
5.09%,
11/26/2028
(a),(f)
210‌
211‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
0.85%
5.68%,
01/05/2035
(f)
265‌
271‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.75%
5.87%,
03/06/2029
(f)
200‌
205‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.70%
5.99%,
08/07/2027
(f)
310‌
315‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.48%
Mitsubishi
UFJ
Financial
Group
Inc
1.54%,
07/20/2027
(f)
800‌
760‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
0.75%
1.64%,
10/13/2027
(f)
200‌
189‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
0.67%
2.56%,
02/25/2030
285‌
256‌
3.20%,
07/18/2029
200‌
188‌
4.08%,
04/19/2028
(f)
600‌
591‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.30%
4.32%,
04/19/2033
(f)
200‌
192‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.55%
5.13%,
07/20/2033
(f)
200‌
203‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.13%
5.35%,
09/13/2028
(f)
255‌
259‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.90%
5.43%,
04/17/2035
(f)
200‌
206‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.00%
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
9
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Mizuho
Financial
Group
Inc
2.20%,
07/10/2031
(f)
$
200‌
$
173‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.77%
3.15%,
07/16/2030
(f)
700‌
650‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.39%
5.41%,
09/13/2028
(f)
255‌
259‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.05%
5.59%,
07/10/2035
(f)
260‌
268‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.30%
5.74%,
05/27/2031
(f)
320‌
334‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.65%
5.75%,
07/06/2034
(f)
315‌
329‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.90%
Morgan
Stanley
0.99%,
12/10/2026
(f)
80‌
77‌
Secured
Overnight
Financing
Rate
+
0.72%
1.51%,
07/20/2027
(f)
115‌
109‌
Secured
Overnight
Financing
Rate
+
0.86%
1.59%,
05/04/2027
(f)
155‌
148‌
Secured
Overnight
Financing
Rate
+
0.88%
1.79%,
02/13/2032
(f)
550‌
458‌
Secured
Overnight
Financing
Rate
+
1.03%
1.93%,
04/28/2032
(f)
95‌
79‌
Secured
Overnight
Financing
Rate
+
1.02%
2.24%,
07/21/2032
(f)
115‌
97‌
Secured
Overnight
Financing
Rate
+
1.18%
2.48%,
01/21/2028
(f)
40‌
38‌
Secured
Overnight
Financing
Rate
+
1.00%
2.48%,
09/16/2036
(f)
810‌
670‌
Secured
Overnight
Financing
Rate
+
1.36%
2.51%,
10/20/2032
(f)
130‌
111‌
Secured
Overnight
Financing
Rate
+
1.20%
2.70%,
01/22/2031
(f)
175‌
158‌
Secured
Overnight
Financing
Rate
+
1.14%
2.80%,
01/25/2052
(f)
210‌
138‌
Secured
Overnight
Financing
Rate
+
1.43%
2.94%,
01/21/2033
(f)
90‌
79‌
Secured
Overnight
Financing
Rate
+
1.29%
3.13%,
07/27/2026
150‌
146‌
3.22%,
04/22/2042
(f)
60‌
47‌
Secured
Overnight
Financing
Rate
+
1.49%
3.59%,
07/22/2028
90‌
87‌
3
Month
USD
LIBOR
+
1.34%
3.77%,
01/24/2029
(f)
600‌
583‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.40%
3.95%,
04/23/2027
710‌
698‌
4.21%,
04/20/2028
(f)
135‌
133‌
Secured
Overnight
Financing
Rate
+
1.61%
4.30%,
01/27/2045
320‌
281‌
4.65%,
10/18/2030
(f)
600‌
595‌
Secured
Overnight
Financing
Rate
+
1.10%
4.89%,
07/20/2033
(f)
85‌
84‌
Secured
Overnight
Financing
Rate
+
2.08%
5.04%,
07/19/2030
(f)
260‌
262‌
Secured
Overnight
Financing
Rate
+
1.22%
5.05%,
01/28/2027
(f)
240‌
241‌
Secured
Overnight
Financing
Rate
+
1.30%
5.12%,
02/01/2029
(f)
320‌
323‌
Secured
Overnight
Financing
Rate
+
1.73%
5.16%,
04/20/2029
(f)
260‌
263‌
Secured
Overnight
Financing
Rate
+
1.59%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Morgan
Stanley
(continued)
5.17%,
01/16/2030
(f)
$
200‌
$
202‌
Secured
Overnight
Financing
Rate
+
1.45%
5.25%,
04/21/2034
(f)
425‌
429‌
Secured
Overnight
Financing
Rate
+
1.87%
5.32%,
07/19/2035
(f)
260‌
264‌
Secured
Overnight
Financing
Rate
+
1.56%
5.42%,
07/21/2034
(f)
315‌
321‌
Secured
Overnight
Financing
Rate
+
1.88%
5.45%,
07/20/2029
(f)
315‌
322‌
Secured
Overnight
Financing
Rate
+
1.63%
5.47%,
01/18/2035
(f)
135‌
138‌
Secured
Overnight
Financing
Rate
+
1.73%
5.52%,
11/19/2055
(f)
175‌
181‌
Secured
Overnight
Financing
Rate
+
1.71%
5.65%,
04/13/2028
(f)
105‌
107‌
Secured
Overnight
Financing
Rate
+
1.01%
5.66%,
04/18/2030
(f)
250‌
257‌
Secured
Overnight
Financing
Rate
+
1.26%
5.83%,
04/19/2035
(f)
75‌
79‌
Secured
Overnight
Financing
Rate
+
1.58%
5.95%,
01/19/2038
(f)
160‌
164‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.43%
6.30%,
10/18/2028
(f)
310‌
323‌
Secured
Overnight
Financing
Rate
+
2.24%
6.34%,
10/18/2033
(f)
310‌
336‌
Secured
Overnight
Financing
Rate
+
2.56%
6.38%,
07/24/2042
200‌
227‌
6.41%,
11/01/2029
(f)
280‌
296‌
Secured
Overnight
Financing
Rate
+
1.83%
6.63%,
11/01/2034
(f)
180‌
199‌
Secured
Overnight
Financing
Rate
+
2.05%
Morgan
Stanley
Bank
NA
4.45%,
10/15/2027
(f)
275‌
274‌
Secured
Overnight
Financing
Rate
+
0.68%
4.75%,
04/21/2026
320‌
321‌
4.97%,
07/14/2028
(f)
260‌
261‌
Secured
Overnight
Financing
Rate
+
0.93%
National
Australia
Bank
Ltd/New
York
4.79%,
01/10/2029
500‌
506‌
5.09%,
06/11/2027
500‌
508‌
NatWest
Group
PLC
1.64%,
06/14/2027
(f)
200‌
190‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
0.90%
4.89%,
05/18/2029
(f)
700‌
698‌
3
Month
USD
LIBOR
+
1.75%
5.08%,
01/27/2030
(f)
400‌
400‌
3
Month
USD
LIBOR
+
1.91%
5.85%,
03/02/2027
(f)
200‌
202‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.35%
Oesterreichische
Kontrollbank
AG
3.63%,
09/09/2027
325‌
320‌
3.75%,
09/05/2029
265‌
260‌
4.13%,
01/20/2026
155‌
154‌
4.25%,
03/01/2028
320‌
320‌
4.75%,
05/21/2027
250‌
253‌
PNC
Financial
Services
Group
Inc/The
2.31%,
04/23/2032
(f)
245‌
210‌
Secured
Overnight
Financing
Rate
+
0.98%
3.45%,
04/23/2029
175‌
167‌
4.63%,
06/06/2033
(f)
160‌
154‌
Secured
Overnight
Financing
Rate
+
1.85%
4.76%,
01/26/2027
(f)
375‌
375‌
Secured
Overnight
Financing
Rate
+
1.09%
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
10
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
PNC
Financial
Services
Group
Inc/The
(continued)
5.30%,
01/21/2028
(f)
$
135‌
$
137‌
Secured
Overnight
Financing
Rate
+
1.34%
5.35%,
12/02/2028
(f)
410‌
417‌
Secured
Overnight
Financing
Rate
+
1.62%
5.40%,
07/23/2035
(f)
285‌
290‌
Secured
Overnight
Financing
Rate
+
1.60%
5.68%,
01/22/2035
(f)
65‌
67‌
Secured
Overnight
Financing
Rate
+
1.90%
5.94%,
08/18/2034
(f)
315‌
333‌
Secured
Overnight
Financing
Rate
+
1.95%
6.62%,
10/20/2027
(f)
240‌
248‌
Secured
Overnight
Financing
Rate
+
1.73%
Royal
Bank
of
Canada
1.15%,
07/14/2026
60‌
57‌
1.20%,
04/27/2026
555‌
530‌
3.63%,
05/04/2027
320‌
314‌
3.88%,
05/04/2032
145‌
136‌
4.51%,
10/18/2027
(f)
205‌
204‌
Secured
Overnight
Financing
Rate
+
0.72%
4.65%,
10/18/2030
(f)
205‌
204‌
Secured
Overnight
Financing
Rate
+
1.08%
4.90%,
01/12/2028
165‌
166‌
4.95%,
02/01/2029
235‌
238‌
5.00%,
05/02/2033
175‌
176‌
5.20%,
07/20/2026
160‌
162‌
6.00%,
11/01/2027
155‌
161‌
Santander
Holdings
USA
Inc
2.49%,
01/06/2028
(f)
290‌
275‌
Secured
Overnight
Financing
Rate
+
1.25%
5.35%,
09/06/2030
(f)
135‌
135‌
Secured
Overnight
Financing
Rate
+
1.94%
6.12%,
05/31/2027
(f)
255‌
259‌
Secured
Overnight
Financing
Rate
+
1.23%
Santander
UK
Group
Holdings
PLC
2.47%,
01/11/2028
(f)
200‌
190‌
Secured
Overnight
Financing
Rate
+
1.22%
2.90%,
03/15/2032
(f)
600‌
526‌
Secured
Overnight
Financing
Rate
+
1.48%
State
Street
Corp
2.20%,
02/07/2028
(f)
65‌
62‌
Secured
Overnight
Financing
Rate
+
0.73%
2.20%,
03/03/2031
60‌
52‌
4.33%,
10/22/2027
135‌
134‌
4.42%,
05/13/2033
(f)
135‌
131‌
Secured
Overnight
Financing
Rate
+
1.61%
4.53%,
02/20/2029
(f)
310‌
309‌
Secured
Overnight
Financing
Rate
+
1.02%
4.68%,
10/22/2032
(f)
135‌
134‌
Secured
Overnight
Financing
Rate
+
1.05%
4.82%,
01/26/2034
(f)
245‌
243‌
Secured
Overnight
Financing
Rate
+
1.57%
5.27%,
08/03/2026
155‌
157‌
5.68%,
11/21/2029
(f)
140‌
145‌
Secured
Overnight
Financing
Rate
+
1.48%
Sumitomo
Mitsui
Financial
Group
Inc
2.13%,
07/08/2030
200‌
173‌
2.14%,
09/23/2030
150‌
128‌
2.93%,
09/17/2041
60‌
45‌
3.01%,
10/19/2026
75‌
73‌
3.04%,
07/16/2029
200‌
186‌
3.36%,
07/12/2027
400‌
389‌
3.45%,
01/11/2027
165‌
161‌
5.32%,
07/09/2029
260‌
266‌
5.42%,
07/09/2031
200‌
206‌
5.46%,
01/13/2026
420‌
423‌
5.52%,
01/13/2028
410‌
420‌
5.77%,
01/13/2033
400‌
421‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Sumitomo
Mitsui
Financial
Group
Inc
(continued)
5.80%,
07/13/2028
$
315‌
$
326‌
5.81%,
09/14/2033
(a)
235‌
249‌
6.18%,
07/13/2043
160‌
179‌
Toronto-Dominion
Bank/The
1.20%,
06/03/2026
260‌
247‌
1.95%,
01/12/2027
125‌
118‌
2.00%,
09/10/2031
(a)
60‌
51‌
3.20%,
03/10/2032
65‌
58‌
4.11%,
06/08/2027
30‌
30‌
4.46%,
06/08/2032
70‌
68‌
4.69%,
09/15/2027
655‌
656‌
4.99%,
04/05/2029
250‌
253‌
5.10%,
01/09/2026
160‌
161‌
5.52%,
07/17/2028
160‌
164‌
5.53%,
07/17/2026
160‌
162‌
Truist
Bank
2.25%,
03/11/2030
1,000‌
868‌
3.80%,
10/30/2026
250‌
245‌
Truist
Financial
Corp
1.27%,
03/02/2027
(f)
195‌
187‌
Secured
Overnight
Financing
Rate
+
0.61%
1.89%,
06/07/2029
(f)
130‌
118‌
Secured
Overnight
Financing
Rate
+
0.86%
1.95%,
06/05/2030
60‌
52‌
4.12%,
06/06/2028
(f)
290‌
285‌
Secured
Overnight
Financing
Rate
+
1.37%
4.87%,
01/26/2029
(f)
160‌
160‌
Secured
Overnight
Financing
Rate
+
1.44%
5.12%,
01/26/2034
(f)
160‌
158‌
Secured
Overnight
Financing
Rate
+
1.85%
5.15%,
08/05/2032
(f)
290‌
291‌
Secured
Overnight
Financing
Rate
+
1.57%
5.44%,
01/24/2030
(f)
65‌
66‌
Secured
Overnight
Financing
Rate
+
1.62%
5.71%,
01/24/2035
(f)
55‌
57‌
Secured
Overnight
Financing
Rate
+
1.92%
5.87%,
06/08/2034
(f)
160‌
167‌
Secured
Overnight
Financing
Rate
+
2.36%
UBS
AG/Stamford
CT
5.00%,
07/09/2027
500‌
504‌
US
Bancorp
1.38%,
07/22/2030
110‌
92‌
2.22%,
01/27/2028
(f)
275‌
261‌
Secured
Overnight
Financing
Rate
+
0.73%
2.49%,
11/03/2036
(f)
170‌
141‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
0.95%
4.55%,
07/22/2028
(f)
480‌
478‌
Secured
Overnight
Financing
Rate
+
1.66%
4.65%,
02/01/2029
(f)
285‌
284‌
Secured
Overnight
Financing
Rate
+
1.23%
4.84%,
02/01/2034
(f)
285‌
279‌
Secured
Overnight
Financing
Rate
+
1.60%
5.38%,
01/23/2030
(f)
55‌
56‌
Secured
Overnight
Financing
Rate
+
1.56%
5.68%,
01/23/2035
(f)
40‌
41‌
Secured
Overnight
Financing
Rate
+
1.86%
5.84%,
06/12/2034
(f)
320‌
334‌
Secured
Overnight
Financing
Rate
+
2.26%
5.85%,
10/21/2033
(f)
155‌
162‌
Secured
Overnight
Financing
Rate
+
2.09%
Wells
Fargo
&
Co
2.39%,
06/02/2028
(f)
220‌
208‌
Secured
Overnight
Financing
Rate
+
2.10%
2.57%,
02/11/2031
(f)
700‌
625‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.26%
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
11
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Wells
Fargo
&
Co
(continued)
3.00%,
04/22/2026
$
550‌
$
537‌
3.00%,
10/23/2026
250‌
242‌
3.07%,
04/30/2041
(f)
485‌
369‌
Secured
Overnight
Financing
Rate
+
2.53%
3.35%,
03/02/2033
(f)
430‌
385‌
Secured
Overnight
Financing
Rate
+
1.50%
3.53%,
03/24/2028
(f)
160‌
156‌
Secured
Overnight
Financing
Rate
+
1.51%
3.58%,
05/22/2028
(f)
375‌
364‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.57%
4.15%,
01/24/2029
400‌
392‌
4.40%,
06/14/2046
110‌
93‌
4.61%,
04/25/2053
(f)
155‌
138‌
Secured
Overnight
Financing
Rate
+
2.13%
4.65%,
11/04/2044
600‌
531‌
4.75%,
12/07/2046
250‌
222‌
4.81%,
07/25/2028
(f)
65‌
65‌
Secured
Overnight
Financing
Rate
+
1.98%
4.90%,
07/25/2033
(f)
735‌
727‌
Secured
Overnight
Financing
Rate
+
2.10%
4.90%,
11/17/2045
75‌
68‌
5.01%,
04/04/2051
(f)
440‌
418‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.50%
5.20%,
01/23/2030
(f)
265‌
269‌
Secured
Overnight
Financing
Rate
+
1.50%
5.21%,
12/03/2035
(f),(h)
280‌
281‌
Secured
Overnight
Financing
Rate
+
1.38%
5.38%,
11/02/2043
185‌
180‌
5.39%,
04/24/2034
(f)
375‌
380‌
Secured
Overnight
Financing
Rate
+
2.02%
5.50%,
01/23/2035
(f)
265‌
272‌
Secured
Overnight
Financing
Rate
+
1.78%
5.56%,
07/25/2034
(f)
475‌
487‌
Secured
Overnight
Financing
Rate
+
1.99%
5.57%,
07/25/2029
(f)
475‌
487‌
Secured
Overnight
Financing
Rate
+
1.74%
5.71%,
04/22/2028
(f)
250‌
255‌
Secured
Overnight
Financing
Rate
+
1.07%
6.30%,
10/23/2029
(f)
320‌
337‌
Secured
Overnight
Financing
Rate
+
1.79%
6.49%,
10/23/2034
(f)
320‌
349‌
Secured
Overnight
Financing
Rate
+
2.06%
Wells
Fargo
Bank
NA
5.25%,
12/11/2026
250‌
253‌
5.45%,
08/07/2026
315‌
319‌
Westpac
Banking
Corp
1.15%,
06/03/2026
60‌
57‌
2.85%,
05/13/2026
500‌
489‌
3.02%,
11/18/2036
(f)
405‌
349‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.53%
3.13%,
11/18/2041
60‌
45‌
4.11%,
07/24/2034
(f)
555‌
528‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.00%
5.05%,
04/16/2029
690‌
705‌
$
130,240‌
Beverages
-
0
.49
%
Anheuser-Busch
Cos
LLC
/
Anheuser-Busch
InBev
Worldwide
Inc
4.70%,
02/01/2036
250‌
245‌
4.90%,
02/01/2046
720‌
689‌
Anheuser-Busch
InBev
Finance
Inc
4.63%,
02/01/2044
75‌
70‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Beverages
(continued)
Anheuser-Busch
InBev
Worldwide
Inc
3.50%,
06/01/2030
$
130‌
$
124‌
4.35%,
06/01/2040
165‌
153‌
4.60%,
04/15/2048
6‌
6‌
4.75%,
01/23/2029
250‌
252‌
4.95%,
01/15/2042
220‌
214‌
5.00%,
06/15/2034
125‌
127‌
5.45%,
01/23/2039
450‌
467‌
5.55%,
01/23/2049
470‌
490‌
5.80%,
01/23/2059
325‌
351‌
8.20%,
01/15/2039
60‌
78‌
Coca-Cola
Co/The
1.50%,
03/05/2028
60‌
55‌
2.50%,
06/01/2040
140‌
102‌
2.50%,
03/15/2051
265‌
165‌
2.60%,
06/01/2050
140‌
90‌
2.88%,
05/05/2041
60‌
45‌
3.00%,
03/05/2051
90‌
63‌
4.65%,
08/14/2034
155‌
155‌
5.00%,
05/13/2034
455‌
466‌
5.20%,
01/14/2055
155‌
156‌
5.30%,
05/13/2054
455‌
464‌
Constellation
Brands
Inc
2.25%,
08/01/2031
1,040‌
881‌
3.15%,
08/01/2029
90‌
84‌
3.60%,
02/15/2028
700‌
677‌
4.35%,
05/09/2027
160‌
159‌
4.90%,
05/01/2033
80‌
79‌
Diageo
Capital
PLC
2.38%,
10/24/2029
200‌
181‌
5.30%,
10/24/2027
310‌
317‌
5.63%,
10/05/2033
400‌
420‌
Keurig
Dr
Pepper
Inc
2.25%,
03/15/2031
(a)
60‌
52‌
3.35%,
03/15/2051
60‌
43‌
3.95%,
04/15/2029
735‌
713‌
4.05%,
04/15/2032
210‌
201‌
4.50%,
04/15/2052
85‌
74‌
5.10%,
03/15/2027
155‌
157‌
Molson
Coors
Beverage
Co
3.00%,
07/15/2026
105‌
102‌
4.20%,
07/15/2046
250‌
210‌
PepsiCo
Inc
2.63%,
10/21/2041
725‌
523‌
2.75%,
10/21/2051
225‌
148‌
2.88%,
10/15/2049
145‌
99‌
3.00%,
10/15/2027
600‌
580‌
4.50%,
07/17/2029
(a)
345‌
347‌
4.80%,
07/17/2034
345‌
347‌
$
11,421‌
Biotechnology
-
0
.33
%
Amgen
Inc
1.65%,
08/15/2028
125‌
113‌
2.00%,
01/15/2032
120‌
99‌
2.45%,
02/21/2030
155‌
139‌
2.60%,
08/19/2026
700‌
677‌
2.77%,
09/01/2053
510‌
316‌
3.00%,
02/22/2029
200‌
188‌
3.00%,
01/15/2052
120‌
81‌
3.15%,
02/21/2040
155‌
120‌
3.38%,
02/21/2050
545‌
395‌
4.20%,
03/01/2033
80‌
76‌
4.20%,
02/22/2052
200‌
164‌
4.40%,
05/01/2045
65‌
56‌
4.66%,
06/15/2051
410‌
363‌
4.88%,
03/01/2053
80‌
73‌
5.15%,
03/02/2028
280‌
284‌
5.15%,
11/15/2041
113‌
109‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
12
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Biotechnology
(continued)
Amgen
Inc
(continued)
5.25%,
03/02/2030
$
135‌
$
138‌
5.25%,
03/02/2033
160‌
163‌
5.60%,
03/02/2043
320‌
325‌
5.65%,
03/02/2053
320‌
326‌
5.75%,
03/02/2063
240‌
244‌
Biogen
Inc
5.20%,
09/15/2045
30‌
28‌
Gilead
Sciences
Inc
1.65%,
10/01/2030
150‌
127‌
2.80%,
10/01/2050
150‌
98‌
2.95%,
03/01/2027
240‌
232‌
3.65%,
03/01/2026
190‌
188‌
4.15%,
03/01/2047
25‌
21‌
4.50%,
02/01/2045
500‌
447‌
4.75%,
03/01/2046
580‌
535‌
5.10%,
06/15/2035
140‌
142‌
5.25%,
10/15/2033
160‌
164‌
5.50%,
11/15/2054
140‌
143‌
5.55%,
10/15/2053
160‌
165‌
Regeneron
Pharmaceuticals
Inc
1.75%,
09/15/2030
160‌
135‌
Royalty
Pharma
PLC
1.75%,
09/02/2027
655‌
604‌
2.20%,
09/02/2030
155‌
133‌
3.30%,
09/02/2040
155‌
116‌
$
7,727‌
Building
Materials
-
0
.11
%
Carrier
Global
Corp
2.49%,
02/15/2027
35‌
33‌
2.72%,
02/15/2030
420‌
380‌
3.38%,
04/05/2040
155‌
124‌
3.58%,
04/05/2050
155‌
118‌
5.90%,
03/15/2034
116‌
123‌
6.20%,
03/15/2054
28‌
31‌
Johnson
Controls
International
plc
/
Tyco
Fire
&
Security
Finance
SCA
2.00%,
09/16/2031
120‌
101‌
Martin
Marietta
Materials
Inc
2.50%,
03/15/2030
155‌
139‌
3.20%,
07/15/2051
60‌
42‌
5.15%,
12/01/2034
140‌
140‌
Masco
Corp
1.50%,
02/15/2028
60‌
55‌
Owens
Corning
4.30%,
07/15/2047
150‌
125‌
5.50%,
06/15/2027
130‌
133‌
5.70%,
06/15/2034
130‌
135‌
Trane
Technologies
Financing
Ltd
3.80%,
03/21/2029
90‌
87‌
5.10%,
06/13/2034
130‌
132‌
Vulcan
Materials
Co
3.50%,
06/01/2030
295‌
277‌
5.35%,
12/01/2034
275‌
281‌
$
2,456‌
Chemicals
-
0
.26
%
Air
Products
and
Chemicals
Inc
2.80%,
05/15/2050
300‌
202‌
4.60%,
02/08/2029
130‌
131‌
4.80%,
03/03/2033
160‌
161‌
Celanese
US
Holdings
LLC
6.17%,
07/15/2027
135‌
138‌
6.38%,
07/15/2032
135‌
141‌
Dow
Chemical
Co/The
2.10%,
11/15/2030
160‌
138‌
3.60%,
11/15/2050
160‌
116‌
4.38%,
11/15/2042
350‌
300‌
4.63%,
10/01/2044
270‌
237‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Chemicals
(continued)
Dow
Chemical
Co/The
(continued)
4.80%,
11/30/2028
$
90‌
$
90‌
4.80%,
05/15/2049
340‌
301‌
5.15%,
02/15/2034
130‌
131‌
DuPont
de
Nemours
Inc
4.73%,
11/15/2028
700‌
706‌
5.32%,
11/15/2038
87‌
90‌
5.42%,
11/15/2048
185‌
195‌
Eastman
Chemical
Co
4.65%,
10/15/2044
75‌
66‌
Ecolab
Inc
1.30%,
01/30/2031
150‌
123‌
1.65%,
02/01/2027
105‌
99‌
2.75%,
08/18/2055
700‌
438‌
LYB
International
Finance
III
LLC
2.25%,
10/01/2030
130‌
113‌
3.63%,
04/01/2051
130‌
93‌
4.20%,
10/15/2049
160‌
127‌
5.63%,
05/15/2033
160‌
165‌
Mosaic
Co/The
5.63%,
11/15/2043
25‌
25‌
Nutrien
Ltd
4.20%,
04/01/2029
400‌
392‌
5.00%,
04/01/2049
280‌
261‌
5.40%,
06/21/2034
130‌
132‌
5.80%,
03/27/2053
160‌
167‌
PPG
Industries
Inc
1.20%,
03/15/2026
60‌
57‌
Sherwin-Williams
Co/The
2.20%,
03/15/2032
250‌
211‌
3.30%,
05/15/2050
90‌
63‌
4.50%,
06/01/2047
390‌
343‌
Westlake
Corp
3.13%,
08/15/2051
60‌
39‌
3.60%,
08/15/2026
110‌
108‌
$
6,099‌
Commercial
Mortgage
Backed
Securities
-
0
.11
%
COMM
2015-PC1
Mortgage
Trust
3.90%,
07/10/2050
885‌
881‌
Fannie
Mae-Aces
3.09%,
12/25/2027
(i)
644‌
619‌
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates
3.21%,
03/25/2025
1,125‌
1,118‌
$
2,618‌
Commercial
Services
-
0
.14
%
American
University/The
3.67%,
04/01/2049
35‌
28‌
Global
Payments
Inc
1.20%,
03/01/2026
645‌
616‌
3.20%,
08/15/2029
140‌
130‌
4.15%,
08/15/2049
70‌
56‌
Massachusetts
Institute
of
Technology
3.96%,
07/01/2038
185‌
171‌
4.68%,
07/01/2114
100‌
91‌
Moody's
Corp
4.25%,
08/08/2032
65‌
63‌
5.00%,
08/05/2034
290‌
291‌
5.25%,
07/15/2044
90‌
89‌
PayPal
Holdings
Inc
2.85%,
10/01/2029
755‌
699‌
3.90%,
06/01/2027
65‌
64‌
4.40%,
06/01/2032
65‌
64‌
5.50%,
06/01/2054
130‌
134‌
S&P
Global
Inc
1.25%,
08/15/2030
160‌
134‌
2.45%,
03/01/2027
350‌
335‌
2.50%,
12/01/2029
55‌
50‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
13
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Commercial
Services
(continued)
S&P
Global
Inc
(continued)
3.25%,
12/01/2049
$
55‌
$
40‌
3.70%,
03/01/2052
100‌
79‌
5.25%,
09/15/2033
160‌
165‌
University
of
Southern
California
5.25%,
10/01/2111
20‌
20‌
$
3,319‌
Computers
-
0
.57
%
Apple
Inc
0.70%,
02/08/2026
275‌
263‌
1.20%,
02/08/2028
430‌
391‌
1.65%,
05/11/2030
550‌
478‌
2.40%,
08/20/2050
210‌
131‌
2.65%,
05/11/2050
600‌
395‌
2.65%,
02/08/2051
140‌
92‌
2.70%,
08/05/2051
85‌
56‌
2.80%,
02/08/2061
850‌
539‌
2.90%,
09/12/2027
300‌
289‌
2.95%,
09/11/2049
140‌
99‌
3.00%,
06/20/2027
500‌
485‌
3.20%,
05/11/2027
110‌
107‌
3.25%,
02/23/2026
500‌
494‌
3.35%,
02/09/2027
125‌
123‌
3.35%,
08/08/2032
(a)
500‌
468‌
3.75%,
11/13/2047
195‌
161‌
3.85%,
05/04/2043
200‌
173‌
3.95%,
08/08/2052
235‌
198‌
4.38%,
05/13/2045
80‌
74‌
4.65%,
02/23/2046
375‌
357‌
4.85%,
05/10/2053
(a)
320‌
318‌
Dell
International
LLC
/
EMC
Corp
3.38%,
12/15/2041
310‌
237‌
3.45%,
12/15/2051
246‌
177‌
4.35%,
02/01/2030
135‌
132‌
5.25%,
02/01/2028
160‌
163‌
5.30%,
10/01/2029
300‌
306‌
5.40%,
04/15/2034
185‌
189‌
6.02%,
06/15/2026
486‌
493‌
8.35%,
07/15/2046
26‌
35‌
Hewlett
Packard
Enterprise
Co
4.45%,
09/25/2026
405‌
403‌
4.55%,
10/15/2029
135‌
134‌
4.85%,
10/15/2031
205‌
203‌
5.00%,
10/15/2034
270‌
266‌
6.20%,
10/15/2035
75‌
81‌
6.35%,
10/15/2045
340‌
366‌
HP
Inc
3.00%,
06/17/2027
140‌
134‌
4.75%,
01/15/2028
495‌
497‌
6.00%,
09/15/2041
355‌
372‌
IBM
International
Capital
Pte
Ltd
4.75%,
02/05/2031
265‌
266‌
4.90%,
02/05/2034
265‌
263‌
International
Business
Machines
Corp
2.20%,
02/09/2027
575‌
548‌
3.30%,
05/15/2026
500‌
491‌
3.50%,
05/15/2029
160‌
153‌
4.00%,
06/20/2042
110‌
93‌
4.15%,
05/15/2039
195‌
174‌
4.25%,
05/15/2049
600‌
509‌
4.40%,
07/27/2032
100‌
98‌
4.50%,
02/06/2028
370‌
370‌
4.70%,
02/19/2046
145‌
133‌
5.10%,
02/06/2053
160‌
155‌
NetApp
Inc
2.38%,
06/22/2027
155‌
147‌
$
13,279‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Consumer
Products
-
0
.01
%
Church
&
Dwight
Co
Inc
3.95%,
08/01/2047
$
200‌
$
161‌
Cosmetics
&
Personal
Care
-
0
.13
%
Colgate-Palmolive
Co
4.60%,
03/01/2028
160‌
163‌
Haleon
US
Capital
LLC
3.38%,
03/24/2027
250‌
243‌
3.63%,
03/24/2032
250‌
231‌
Kenvue
Inc
4.90%,
03/22/2033
160‌
161‌
5.05%,
03/22/2028
160‌
163‌
5.05%,
03/22/2053
160‌
157‌
5.10%,
03/22/2043
160‌
159‌
Procter
&
Gamble
Co/The
1.90%,
02/01/2027
540‌
515‌
Unilever
Capital
Corp
1.38%,
09/14/2030
150‌
126‌
1.75%,
08/12/2031
680‌
571‌
2.90%,
05/05/2027
435‌
421‌
4.63%,
08/12/2034
140‌
138‌
$
3,048‌
Diversified
Financial
Services
-
0
.88
%
AerCap
Ireland
Capital
DAC
/
AerCap
Global
Aviation
Trust
1.75%,
01/30/2026
150‌
145‌
2.45%,
10/29/2026
150‌
143‌
3.00%,
10/29/2028
600‌
560‌
3.30%,
01/30/2032
750‌
666‌
3.40%,
10/29/2033
150‌
130‌
4.95%,
09/10/2034
150‌
146‌
5.10%,
01/19/2029
150‌
151‌
6.10%,
01/15/2027
315‌
323‌
Air
Lease
Corp
1.88%,
08/15/2026
350‌
333‌
2.10%,
09/01/2028
385‌
350‌
2.88%,
01/15/2026
700‌
685‌
2.88%,
01/15/2032
65‌
57‌
5.10%,
03/01/2029
135‌
137‌
5.20%,
07/15/2031
130‌
131‌
Ally
Financial
Inc
2.20%,
11/02/2028
60‌
54‌
4.75%,
06/09/2027
160‌
160‌
8.00%,
11/01/2031
420‌
472‌
American
Express
Co
1.65%,
11/04/2026
310‌
293‌
3.30%,
05/03/2027
500‌
485‌
4.05%,
05/03/2029
100‌
98‌
4.05%,
12/03/2042
440‌
388‌
5.10%,
02/16/2028
(f)
130‌
131‌
Secured
Overnight
Financing
Rate
+
1.00%
5.28%,
07/27/2029
(f)
160‌
163‌
Secured
Overnight
Financing
Rate
+
1.28%
5.28%,
07/26/2035
(f)
345‌
350‌
Secured
Overnight
Financing
Rate
+
1.42%
5.39%,
07/28/2027
(f)
160‌
162‌
Secured
Overnight
Financing
Rate
+
0.97%
5.53%,
04/25/2030
(f)
250‌
257‌
Secured
Overnight
Financing
Rate
+
1.09%
6.49%,
10/30/2031
(f)
70‌
76‌
Secured
Overnight
Financing
Rate
+
1.94%
BlackRock
Funding
Inc
4.90%,
01/08/2035
260‌
263‌
5.35%,
01/08/2055
130‌
132‌
Blackrock
Inc
2.10%,
02/25/2032
295‌
248‌
2.40%,
04/30/2030
200‌
179‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
14
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Diversified
Financial
Services
(continued)
Capital
One
Financial
Corp
1.88%,
11/02/2027
(f)
$
390‌
$
368‌
Secured
Overnight
Financing
Rate
+
0.86%
2.36%,
07/29/2032
(f)
510‌
419‌
Secured
Overnight
Financing
Rate
+
1.34%
3.75%,
07/28/2026
300‌
294‌
4.93%,
05/10/2028
(f)
245‌
245‌
Secured
Overnight
Financing
Rate
+
2.06%
5.46%,
07/26/2030
(f)
140‌
142‌
Secured
Overnight
Financing
Rate
+
1.56%
5.70%,
02/01/2030
(a),(f)
135‌
138‌
Secured
Overnight
Financing
Rate
+
1.91%
5.82%,
02/01/2034
(f)
160‌
165‌
Secured
Overnight
Financing
Rate
+
2.60%
5.88%,
07/26/2035
(f)
140‌
144‌
Secured
Overnight
Financing
Rate
+
1.99%
6.05%,
02/01/2035
(f)
65‌
68‌
Secured
Overnight
Financing
Rate
+
2.26%
6.31%,
06/08/2029
(f)
160‌
166‌
Secured
Overnight
Financing
Rate
+
2.64%
7.62%,
10/30/2031
(f)
210‌
235‌
Secured
Overnight
Financing
Rate
+
3.07%
Charles
Schwab
Corp/The
0.90%,
03/11/2026
400‌
382‌
1.15%,
05/13/2026
60‌
57‌
1.65%,
03/11/2031
400‌
333‌
1.95%,
12/01/2031
540‌
447‌
2.00%,
03/20/2028
115‌
106‌
5.64%,
05/19/2029
(f)
160‌
165‌
Secured
Overnight
Financing
Rate
+
2.21%
5.88%,
08/24/2026
155‌
158‌
6.14%,
08/24/2034
(f)
155‌
166‌
Secured
Overnight
Financing
Rate
+
2.01%
6.20%,
11/17/2029
(f)
140‌
147‌
Secured
Overnight
Financing
Rate
+
1.88%
CME
Group
Inc
5.30%,
09/15/2043
200‌
210‌
Discover
Financial
Services
4.10%,
02/09/2027
75‌
74‌
Intercontinental
Exchange
Inc
1.85%,
09/15/2032
120‌
97‌
2.10%,
06/15/2030
400‌
351‌
2.65%,
09/15/2040
160‌
116‌
3.00%,
09/15/2060
160‌
100‌
3.75%,
12/01/2025
75‌
75‌
3.75%,
09/21/2028
335‌
326‌
4.00%,
09/15/2027
135‌
133‌
4.25%,
09/21/2048
250‌
214‌
4.60%,
03/15/2033
220‌
216‌
4.95%,
06/15/2052
65‌
61‌
Jefferies
Financial
Group
Inc
2.63%,
10/15/2031
200‌
171‌
4.15%,
01/23/2030
225‌
217‌
Legg
Mason
Inc
5.63%,
01/15/2044
25‌
26‌
Mastercard
Inc
2.00%,
11/18/2031
190‌
161‌
2.95%,
03/15/2051
60‌
41‌
3.35%,
03/26/2030
875‌
827‌
3.85%,
03/26/2050
125‌
102‌
4.55%,
01/15/2035
270‌
264‌
4.88%,
03/09/2028
160‌
163‌
Nasdaq
Inc
2.50%,
12/21/2040
55‌
38‌
5.35%,
06/28/2028
160‌
164‌
5.95%,
08/15/2053
295‌
312‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Diversified
Financial
Services
(continued)
Nomura
Holdings
Inc
2.33%,
01/22/2027
$
200‌
$
190‌
2.68%,
07/16/2030
450‌
396‌
5.84%,
01/18/2028
320‌
328‌
6.09%,
07/12/2033
315‌
334‌
Synchrony
Financial
3.95%,
12/01/2027
720‌
695‌
Visa
Inc
1.10%,
02/15/2031
60‌
49‌
1.90%,
04/15/2027
80‌
76‌
2.00%,
08/15/2050
(a)
160‌
92‌
2.70%,
04/15/2040
155‌
118‌
2.75%,
09/15/2027
150‌
144‌
4.15%,
12/14/2035
500‌
476‌
4.30%,
12/14/2045
200‌
180‌
Voya
Financial
Inc
3.65%,
06/15/2026
500‌
491‌
$
20,241‌
Electric
-
1
.92
%
AEP
Texas
Inc
2.10%,
07/01/2030
160‌
139‌
3.45%,
01/15/2050
50‌
36‌
3.45%,
05/15/2051
60‌
42‌
4.70%,
05/15/2032
105‌
103‌
5.25%,
05/15/2052
105‌
100‌
AEP
Transmission
Co
LLC
2.75%,
08/15/2051
60‌
38‌
4.50%,
06/15/2052
70‌
62‌
5.40%,
03/15/2053
160‌
161‌
AES
Corp/The
2.45%,
01/15/2031
60‌
51‌
Alabama
Power
Co
1.45%,
09/15/2030
155‌
130‌
3.13%,
07/15/2051
60‌
42‌
Ameren
Corp
1.75%,
03/15/2028
60‌
55‌
5.00%,
01/15/2029
130‌
131‌
5.70%,
12/01/2026
140‌
143‌
Ameren
Illinois
Co
1.55%,
11/15/2030
65‌
54‌
3.25%,
03/15/2050
75‌
54‌
3.85%,
09/01/2032
355‌
332‌
4.15%,
03/15/2046
330‌
284‌
American
Electric
Power
Co
Inc
2.30%,
03/01/2030
155‌
137‌
5.63%,
03/01/2033
160‌
165‌
Arizona
Public
Service
Co
2.60%,
08/15/2029
90‌
82‌
2.65%,
09/15/2050
150‌
92‌
Baltimore
Gas
and
Electric
Co
2.25%,
06/15/2031
60‌
52‌
4.55%,
06/01/2052
20‌
18‌
5.65%,
06/01/2054
130‌
136‌
Berkshire
Hathaway
Energy
Co
1.65%,
05/15/2031
365‌
303‌
2.85%,
05/15/2051
85‌
56‌
3.80%,
07/15/2048
650‌
508‌
4.60%,
05/01/2053
65‌
57‌
5.15%,
11/15/2043
200‌
198‌
CenterPoint
Energy
Houston
Electric
LLC
3.35%,
04/01/2051
60‌
44‌
4.95%,
04/01/2033
160‌
160‌
5.20%,
10/01/2028
160‌
163‌
CenterPoint
Energy
Inc
1.45%,
06/01/2026
60‌
57‌
2.95%,
03/01/2030
100‌
91‌
3.70%,
09/01/2049
60‌
45‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
15
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
CMS
Energy
Corp
3.75%,
12/01/2050
(f)
$
60‌
$
52‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.90%
Commonwealth
Edison
Co
3.00%,
03/01/2050
715‌
489‌
3.13%,
03/15/2051
420‌
290‌
4.00%,
03/01/2048
370‌
304‌
5.30%,
06/01/2034
130‌
134‌
5.30%,
02/01/2053
160‌
159‌
5.65%,
06/01/2054
130‌
136‌
Connecticut
Light
and
Power
Co/The
0.75%,
12/01/2025
60‌
58‌
2.05%,
07/01/2031
60‌
51‌
3.20%,
03/15/2027
140‌
136‌
Consolidated
Edison
Co
of
New
York
Inc
2.40%,
06/15/2031
55‌
48‌
3.00%,
12/01/2060
65‌
41‌
3.70%,
11/15/2059
80‌
59‌
3.88%,
06/15/2047
300‌
240‌
4.30%,
12/01/2056
500‌
416‌
5.20%,
03/01/2033
160‌
164‌
6.15%,
11/15/2052
155‌
171‌
6.30%,
08/15/2037
370‌
407‌
6.75%,
04/01/2038
160‌
183‌
Consumers
Energy
Co
2.50%,
05/01/2060
91‌
54‌
4.35%,
04/15/2049
300‌
264‌
4.60%,
05/30/2029
135‌
135‌
4.70%,
01/15/2030
155‌
156‌
4.90%,
02/15/2029
155‌
157‌
Dominion
Energy
Inc
1.45%,
04/15/2026
760‌
727‌
3.30%,
04/15/2041
60‌
46‌
3.38%,
04/01/2030
315‌
293‌
4.90%,
08/01/2041
360‌
336‌
5.38%,
11/15/2032
410‌
420‌
5.95%,
06/15/2035
200‌
212‌
DTE
Electric
Co
1.90%,
04/01/2028
40‌
37‌
3.70%,
03/15/2045
200‌
161‌
5.20%,
03/01/2034
130‌
133‌
5.40%,
04/01/2053
160‌
165‌
DTE
Energy
Co
4.88%,
06/01/2028
105‌
105‌
4.95%,
07/01/2027
550‌
554‌
Duke
Energy
Carolinas
LLC
4.00%,
09/30/2042
145‌
123‌
4.95%,
01/15/2033
160‌
161‌
5.30%,
02/15/2040
125‌
127‌
5.35%,
01/15/2053
160‌
161‌
5.40%,
01/15/2054
135‌
136‌
6.05%,
04/15/2038
460‌
500‌
Duke
Energy
Corp
2.65%,
09/01/2026
90‌
87‌
3.15%,
08/15/2027
90‌
87‌
3.30%,
06/15/2041
60‌
46‌
3.50%,
06/15/2051
60‌
43‌
3.95%,
08/15/2047
150‌
118‌
4.20%,
06/15/2049
150‌
122‌
4.50%,
08/15/2032
340‌
330‌
4.80%,
12/15/2045
230‌
208‌
4.85%,
01/05/2029
135‌
136‌
5.00%,
08/15/2052
65‌
60‌
5.45%,
06/15/2034
130‌
133‌
5.80%,
06/15/2054
130‌
133‌
6.10%,
09/15/2053
160‌
171‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
Duke
Energy
Florida
LLC
1.75%,
06/15/2030
$
155‌
$
133‌
2.50%,
12/01/2029
255‌
231‌
3.40%,
10/01/2046
200‌
149‌
5.88%,
11/15/2033
145‌
154‌
5.95%,
11/15/2052
155‌
167‌
Duke
Energy
Indiana
LLC
2.75%,
04/01/2050
155‌
99‌
5.40%,
04/01/2053
160‌
161‌
Duke
Energy
Progress
LLC
2.50%,
08/15/2050
160‌
99‌
Emera
US
Finance
LP
4.75%,
06/15/2046
75‌
65‌
Entergy
Arkansas
LLC
2.65%,
06/15/2051
45‌
28‌
4.20%,
04/01/2049
600‌
502‌
5.15%,
01/15/2033
160‌
163‌
Entergy
Corp
1.90%,
06/15/2028
35‌
32‌
2.40%,
06/15/2031
60‌
52‌
Entergy
Louisiana
LLC
2.90%,
03/15/2051
35‌
23‌
3.10%,
06/15/2041
60‌
45‌
3.12%,
09/01/2027
200‌
193‌
4.75%,
09/15/2052
415‌
377‌
5.15%,
09/15/2034
145‌
146‌
Entergy
Texas
Inc
1.75%,
03/15/2031
150‌
126‌
4.00%,
03/30/2029
170‌
166‌
Evergy
Kansas
Central
Inc
5.70%,
03/15/2053
160‌
166‌
Evergy
Metro
Inc
2.25%,
06/01/2030
155‌
136‌
Eversource
Energy
1.65%,
08/15/2030
160‌
135‌
5.00%,
01/01/2027
135‌
136‌
5.13%,
05/15/2033
160‌
159‌
Exelon
Corp
3.35%,
03/15/2032
65‌
59‌
5.15%,
03/15/2029
125‌
127‌
Florida
Power
&
Light
Co
2.45%,
02/03/2032
65‌
56‌
2.88%,
12/04/2051
65‌
43‌
3.70%,
12/01/2047
70‌
56‌
4.05%,
10/01/2044
145‌
124‌
4.13%,
02/01/2042
300‌
262‌
4.40%,
05/15/2028
160‌
160‌
4.80%,
05/15/2033
120‌
120‌
5.10%,
04/01/2033
160‌
163‌
5.30%,
06/15/2034
130‌
134‌
5.60%,
06/15/2054
130‌
137‌
5.65%,
02/01/2037
250‌
265‌
Georgia
Power
Co
3.25%,
03/30/2027
400‌
389‌
4.30%,
03/15/2042
460‌
406‌
4.65%,
05/16/2028
160‌
160‌
4.70%,
05/15/2032
65‌
65‌
Interstate
Power
and
Light
Co
2.30%,
06/01/2030
40‌
35‌
Kentucky
Utilities
Co
3.30%,
06/01/2050
205‌
147‌
MidAmerican
Energy
Co
3.15%,
04/15/2050
145‌
104‌
4.25%,
07/15/2049
215‌
185‌
5.30%,
02/01/2055
135‌
135‌
Mississippi
Power
Co
4.25%,
03/15/2042
30‌
26‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
16
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
National
Rural
Utilities
Cooperative
Finance
Corp
1.00%,
06/15/2026
$
60‌
$
57‌
4.12%,
09/16/2027
135‌
134‌
4.15%,
12/15/2032
765‌
731‌
4.80%,
03/15/2028
365‌
369‌
5.00%,
02/07/2031
135‌
138‌
5.15%,
06/15/2029
130‌
133‌
Nevada
Power
Co
2.40%,
05/01/2030
200‌
178‌
NextEra
Energy
Capital
Holdings
Inc
1.90%,
06/15/2028
45‌
41‌
2.25%,
06/01/2030
250‌
219‌
2.75%,
11/01/2029
545‌
500‌
3.55%,
05/01/2027
700‌
684‌
4.90%,
02/28/2028
160‌
161‌
4.90%,
03/15/2029
135‌
136‌
4.95%,
01/29/2026
135‌
135‌
5.00%,
07/15/2032
70‌
70‌
5.25%,
03/15/2034
135‌
137‌
5.25%,
02/28/2053
160‌
155‌
Northern
States
Power
Co/MN
2.25%,
04/01/2031
60‌
52‌
2.60%,
06/01/2051
155‌
98‌
2.90%,
03/01/2050
70‌
47‌
5.10%,
05/15/2053
160‌
157‌
5.35%,
11/01/2039
30‌
31‌
NSTAR
Electric
Co
4.55%,
06/01/2052
65‌
58‌
4.95%,
09/15/2052
565‌
535‌
5.40%,
06/01/2034
130‌
134‌
Ohio
Power
Co
1.63%,
01/15/2031
265‌
220‌
Oncor
Electric
Delivery
Co
LLC
3.10%,
09/15/2049
195‌
136‌
4.15%,
06/01/2032
65‌
62‌
4.30%,
05/15/2028
570‌
567‌
4.55%,
09/15/2032
390‌
384‌
4.60%,
06/01/2052
65‌
58‌
4.65%,
11/01/2029
(e)
140‌
140‌
5.55%,
06/15/2054
(a),(e)
115‌
118‌
Pacific
Gas
and
Electric
Co
2.10%,
08/01/2027
605‌
565‌
2.50%,
02/01/2031
880‌
762‌
3.30%,
08/01/2040
155‌
119‌
3.50%,
08/01/2050
850‌
611‌
4.20%,
06/01/2041
195‌
163‌
5.80%,
05/15/2034
125‌
130‌
5.90%,
06/15/2032
60‌
63‌
5.90%,
10/01/2054
135‌
139‌
6.10%,
01/15/2029
160‌
167‌
6.75%,
01/15/2053
160‌
180‌
PacifiCorp
2.90%,
06/15/2052
60‌
38‌
5.30%,
02/15/2031
265‌
272‌
5.35%,
12/01/2053
155‌
150‌
5.50%,
05/15/2054
160‌
158‌
6.00%,
01/15/2039
310‌
328‌
6.25%,
10/15/2037
330‌
356‌
PECO
Energy
Co
2.80%,
06/15/2050
110‌
73‌
2.85%,
09/15/2051
150‌
99‌
4.38%,
08/15/2052
360‌
316‌
4.60%,
05/15/2052
20‌
18‌
PPL
Capital
Funding
Inc
5.25%,
09/01/2034
295‌
298‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
PPL
Electric
Utilities
Corp
3.00%,
10/01/2049
$
70‌
$
49‌
3.95%,
06/01/2047
100‌
83‌
4.85%,
02/15/2034
65‌
65‌
5.00%,
05/15/2033
160‌
162‌
Public
Service
Co
of
Colorado
1.88%,
06/15/2031
45‌
38‌
2.70%,
01/15/2051
95‌
60‌
5.35%,
05/15/2034
385‌
395‌
Public
Service
Co
of
Oklahoma
5.25%,
01/15/2033
160‌
161‌
Public
Service
Electric
and
Gas
Co
3.15%,
01/01/2050
155‌
111‌
3.65%,
09/01/2028
200‌
194‌
3.80%,
03/01/2046
570‌
463‌
4.85%,
08/01/2034
140‌
140‌
5.30%,
08/01/2054
140‌
142‌
5.45%,
08/01/2053
155‌
160‌
Public
Service
Enterprise
Group
Inc
5.88%,
10/15/2028
160‌
167‌
6.13%,
10/15/2033
160‌
171‌
Puget
Sound
Energy
Inc
2.89%,
09/15/2051
170‌
111‌
San
Diego
Gas
&
Electric
Co
1.70%,
10/01/2030
150‌
128‌
3.32%,
04/15/2050
155‌
111‌
3.70%,
03/15/2052
65‌
50‌
4.50%,
08/15/2040
50‌
47‌
Sempra
4.00%,
02/01/2048
70‌
56‌
6.55%,
04/01/2055
(f)
380‌
381‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.14%
Southern
California
Edison
Co
2.25%,
06/01/2030
155‌
137‌
2.85%,
08/01/2029
100‌
92‌
3.45%,
02/01/2052
65‌
47‌
3.65%,
02/01/2050
640‌
486‌
4.00%,
04/01/2047
450‌
366‌
4.70%,
06/01/2027
135‌
135‌
4.88%,
02/01/2027
135‌
136‌
5.30%,
03/01/2028
160‌
163‌
5.45%,
06/01/2031
65‌
67‌
5.50%,
03/15/2040
350‌
355‌
5.65%,
10/01/2028
160‌
165‌
5.70%,
03/01/2053
160‌
165‌
5.85%,
11/01/2027
155‌
160‌
5.95%,
02/01/2038
30‌
32‌
Southern
Co/The
1.75%,
03/15/2028
60‌
55‌
3.75%,
09/15/2051
(f)
40‌
38‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.92%
4.00%,
01/15/2051
(f)
150‌
147‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.73%
5.20%,
06/15/2033
160‌
162‌
5.50%,
03/15/2029
160‌
165‌
5.70%,
10/15/2032
665‌
698‌
Southern
Power
Co
0.90%,
01/15/2026
10‌
10‌
4.95%,
12/15/2046
35‌
32‌
Southwestern
Electric
Power
Co
4.10%,
09/15/2028
500‌
489‌
Southwestern
Public
Service
Co
4.50%,
08/15/2041
150‌
134‌
6.00%,
06/01/2054
195‌
208‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
17
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
Tampa
Electric
Co
3.45%,
03/15/2051
$
100‌
$
72‌
Tucson
Electric
Power
Co
1.50%,
08/01/2030
105‌
88‌
3.25%,
05/01/2051
60‌
42‌
Union
Electric
Co
2.15%,
03/15/2032
60‌
50‌
2.63%,
03/15/2051
130‌
82‌
5.45%,
03/15/2053
160‌
161‌
Virginia
Electric
and
Power
Co
2.30%,
11/15/2031
65‌
56‌
2.45%,
12/15/2050
145‌
87‌
2.95%,
11/15/2051
120‌
80‌
3.75%,
05/15/2027
40‌
39‌
5.05%,
08/15/2034
150‌
151‌
5.45%,
04/01/2053
310‌
313‌
5.55%,
08/15/2054
150‌
154‌
8.88%,
11/15/2038
225‌
302‌
WEC
Energy
Group
Inc
1.38%,
10/15/2027
130‌
119‌
2.20%,
12/15/2028
60‌
55‌
4.75%,
01/09/2026
160‌
160‌
Wisconsin
Electric
Power
Co
4.75%,
09/30/2032
360‌
363‌
Xcel
Energy
Inc
1.75%,
03/15/2027
15‌
14‌
2.60%,
12/01/2029
140‌
126‌
4.60%,
06/01/2032
40‌
39‌
$
44,319‌
Electrical
Components
&
Equipment
-
0
.04
%
Emerson
Electric
Co
0.88%,
10/15/2026
225‌
211‌
2.20%,
12/21/2031
820‌
702‌
$
913‌
Electronics
-
0
.11
%
Amphenol
Corp
5.00%,
01/15/2035
275‌
275‌
5.05%,
04/05/2027
275‌
278‌
Fortive
Corp
3.15%,
06/15/2026
100‌
98‌
Honeywell
International
Inc
1.10%,
03/01/2027
60‌
56‌
1.75%,
09/01/2031
60‌
50‌
1.95%,
06/01/2030
450‌
393‌
3.81%,
11/21/2047
100‌
81‌
4.25%,
01/15/2029
160‌
160‌
4.70%,
02/01/2030
270‌
271‌
5.00%,
02/15/2033
500‌
509‌
5.00%,
03/01/2035
125‌
126‌
5.25%,
03/01/2054
125‌
124‌
Jabil
Inc
1.70%,
04/15/2026
60‌
58‌
Tyco
Electronics
Group
SA
7.13%,
10/01/2037
37‌
43‌
$
2,522‌
Entertainment
-
0
.07
%
Warnermedia
Holdings
Inc
3.76%,
03/15/2027
130‌
126‌
4.05%,
03/15/2029
130‌
123‌
4.28%,
03/15/2032
195‌
176‌
5.05%,
03/15/2042
430‌
363‌
5.14%,
03/15/2052
740‌
595‌
5.39%,
03/15/2062
215‌
171‌
$
1,554‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Environmental
Control
-
0
.21
%
Republic
Services
Inc
1.75%,
02/15/2032
$
635‌
$
519‌
2.30%,
03/01/2030
685‌
609‌
3.38%,
11/15/2027
385‌
373‌
5.00%,
11/15/2029
130‌
132‌
5.00%,
04/01/2034
320‌
321‌
Waste
Connections
Inc
2.20%,
01/15/2032
120‌
101‌
4.20%,
01/15/2033
735‌
700‌
Waste
Management
Inc
2.00%,
06/01/2029
60‌
54‌
2.50%,
11/15/2050
75‌
46‌
3.15%,
11/15/2027
790‌
762‌
4.15%,
04/15/2032
100‌
96‌
4.63%,
02/15/2033
160‌
159‌
4.65%,
03/15/2030
140‌
140‌
4.88%,
02/15/2029
310‌
315‌
4.95%,
07/03/2031
130‌
132‌
4.95%,
03/15/2035
140‌
140‌
5.35%,
10/15/2054
140‌
142‌
$
4,741‌
Federal
&
Federally
Sponsored
Credit
-
0
.05
%
Federal
Farm
Credit
Banks
Funding
Corp
4.38%,
06/23/2026
475‌
476‌
4.50%,
08/14/2026
630‌
633‌
$
1,109‌
Finance
-
Mortgage
Loan/Banker
-
0
.35
%
Fannie
Mae
0.75%,
10/08/2027
270‌
246‌
0.88%,
08/05/2030
710‌
593‌
2.13%,
04/24/2026
700‌
681‌
5.63%,
07/15/2037
65‌
72‌
6.25%,
05/15/2029
750‌
816‌
6.63%,
11/15/2030
230‌
259‌
7.13%,
01/15/2030
250‌
284‌
7.25%,
05/15/2030
249‌
287‌
Federal
Home
Loan
Banks
1.25%,
12/21/2026
450‌
425‌
3.25%,
11/16/2028
950‌
923‌
3.63%,
09/04/2026
565‌
560‌
4.00%,
10/09/2026
270‌
269‌
4.00%,
06/30/2028
400‌
400‌
4.13%,
01/15/2027
265‌
265‌
4.63%,
11/17/2026
275‌
278‌
4.75%,
04/09/2027
375‌
381‌
5.50%,
07/15/2036
370‌
406‌
Freddie
Mac
6.25%,
07/15/2032
280‌
317‌
6.75%,
03/15/2031
543‌
620‌
$
8,082‌
Food
-
0
.40
%
Conagra
Brands
Inc
1.38%,
11/01/2027
100‌
91‌
4.85%,
11/01/2028
140‌
140‌
5.30%,
11/01/2038
85‌
83‌
5.40%,
11/01/2048
445‌
427‌
General
Mills
Inc
2.25%,
10/14/2031
775‌
659‌
4.88%,
01/30/2030
140‌
141‌
4.95%,
03/29/2033
160‌
160‌
5.50%,
10/17/2028
160‌
165‌
Hershey
Co/The
2.65%,
06/01/2050
185‌
119‌
J
M
Smucker
Co/The
2.13%,
03/15/2032
(a)
60‌
50‌
5.90%,
11/15/2028
245‌
256‌
6.50%,
11/15/2043
235‌
259‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
18
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Food
(continued)
JBS
USA
Holding
Lux
Sarl/
JBS
USA
Food
Co/
JBS
Lux
Co
Sarl
5.13%,
02/01/2028
$
265‌
$
266‌
5.75%,
04/01/2033
193‌
197‌
6.50%,
12/01/2052
265‌
281‌
6.75%,
03/15/2034
349‌
380‌
Kellanova
2.10%,
06/01/2030
155‌
136‌
Koninklijke
Ahold
Delhaize
NV
5.70%,
10/01/2040
9‌
9‌
Kraft
Heinz
Foods
Co
3.00%,
06/01/2026
200‌
195‌
4.38%,
06/01/2046
235‌
199‌
4.88%,
10/01/2049
200‌
180‌
5.00%,
06/04/2042
200‌
188‌
5.20%,
07/15/2045
170‌
161‌
6.50%,
02/09/2040
200‌
221‌
Kroger
Co/The
1.70%,
01/15/2031
60‌
50‌
3.70%,
08/01/2027
700‌
685‌
4.45%,
02/01/2047
345‌
297‌
4.65%,
09/15/2029
135‌
135‌
4.70%,
08/15/2026
270‌
271‌
5.00%,
09/15/2034
200‌
199‌
5.15%,
08/01/2043
300‌
287‌
5.40%,
07/15/2040
30‌
30‌
5.50%,
09/15/2054
200‌
198‌
5.65%,
09/15/2064
135‌
133‌
McCormick
&
Co
Inc/MD
0.90%,
02/15/2026
60‌
57‌
1.85%,
02/15/2031
60‌
50‌
Mondelez
International
Inc
1.50%,
02/04/2031
(a)
165‌
137‌
2.63%,
03/17/2027
65‌
62‌
2.63%,
09/04/2050
165‌
103‌
4.75%,
08/28/2034
145‌
142‌
Sysco
Corp
2.40%,
02/15/2030
250‌
223‌
2.45%,
12/14/2031
115‌
98‌
4.85%,
10/01/2045
250‌
229‌
5.75%,
01/17/2029
145‌
150‌
The
Campbell's
Company
4.15%,
03/15/2028
185‌
182‌
Tyson
Foods
Inc
3.55%,
06/02/2027
75‌
73‌
4.55%,
06/02/2047
700‌
604‌
$
9,358‌
Forest
Products
&
Paper
-
0
.02
%
Georgia-Pacific
LLC
7.75%,
11/15/2029
20‌
23‌
Suzano
Austria
GmbH
2.50%,
09/15/2028
75‌
68‌
Suzano
International
Finance
BV
5.50%,
01/17/2027
300‌
302‌
$
393‌
Gas
-
0
.17
%
Atmos
Energy
Corp
1.50%,
01/15/2031
150‌
126‌
3.38%,
09/15/2049
145‌
107‌
4.13%,
10/15/2044
140‌
120‌
5.75%,
10/15/2052
410‌
433‌
5.90%,
11/15/2033
160‌
172‌
6.20%,
11/15/2053
120‌
136‌
CenterPoint
Energy
Resources
Corp
1.75%,
10/01/2030
150‌
127‌
4.40%,
07/01/2032
70‌
68‌
5.25%,
03/01/2028
160‌
163‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Gas
(continued)
NiSource
Inc
3.60%,
05/01/2030
$
640‌
$
604‌
4.80%,
02/15/2044
210‌
194‌
5.00%,
06/15/2052
135‌
126‌
5.25%,
03/30/2028
65‌
66‌
5.40%,
06/30/2033
160‌
163‌
5.65%,
02/01/2045
250‌
255‌
Southern
California
Gas
Co
2.55%,
02/01/2030
155‌
140‌
5.05%,
09/01/2034
640‌
648‌
5.75%,
06/01/2053
160‌
168‌
Southern
Co
Gas
Capital
Corp
1.75%,
01/15/2031
160‌
134‌
3.15%,
09/30/2051
60‌
41‌
$
3,991‌
Hand
&
Machine
Tools
-
0
.03
%
Stanley
Black
&
Decker
Inc
2.30%,
03/15/2030
700‌
615‌
2.75%,
11/15/2050
85‌
52‌
$
667‌
Healthcare
-
Products
-
0
.30
%
Abbott
Laboratories
4.75%,
11/30/2036
350‌
347‌
4.75%,
04/15/2043
300‌
294‌
4.90%,
11/30/2046
210‌
206‌
Agilent
Technologies
Inc
2.10%,
06/04/2030
155‌
135‌
2.30%,
03/12/2031
60‌
52‌
Baxter
International
Inc
1.73%,
04/01/2031
85‌
71‌
1.92%,
02/01/2027
270‌
254‌
2.27%,
12/01/2028
665‌
603‌
2.54%,
02/01/2032
380‌
324‌
3.13%,
12/01/2051
260‌
171‌
Danaher
Corp
2.60%,
10/01/2050
150‌
95‌
DH
Europe
Finance
II
Sarl
2.60%,
11/15/2029
150‌
137‌
3.25%,
11/15/2039
150‌
121‌
GE
HealthCare
Technologies
Inc
4.80%,
08/14/2029
155‌
155‌
5.65%,
11/15/2027
155‌
159‌
5.86%,
03/15/2030
155‌
162‌
5.91%,
11/22/2032
155‌
165‌
6.38%,
11/22/2052
155‌
176‌
Koninklijke
Philips
NV
5.00%,
03/15/2042
30‌
28‌
Medtronic
Global
Holdings
SCA
4.25%,
03/30/2028
160‌
159‌
Medtronic
Inc
4.38%,
03/15/2035
200‌
193‌
4.63%,
03/15/2045
286‌
265‌
Revvity
Inc
1.90%,
09/15/2028
45‌
41‌
Stryker
Corp
1.95%,
06/15/2030
600‌
521‌
4.38%,
05/15/2044
25‌
22‌
4.63%,
03/15/2046
100‌
91‌
4.85%,
12/08/2028
135‌
136‌
Thermo
Fisher
Scientific
Inc
2.00%,
10/15/2031
65‌
55‌
2.60%,
10/01/2029
145‌
133‌
2.80%,
10/15/2041
650‌
478‌
4.80%,
11/21/2027
155‌
157‌
5.09%,
08/10/2033
300‌
305‌
5.40%,
08/10/2043
150‌
154‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
19
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Healthcare
-
Products
(continued)
Zimmer
Biomet
Holdings
Inc
2.60%,
11/24/2031
$
610‌
$
528‌
$
6,893‌
Healthcare
-
Services
-
0
.79
%
Advocate
Health
&
Hospitals
Corp
3.83%,
08/15/2028
300‌
293‌
Aetna
Inc
3.88%,
08/15/2047
60‌
45‌
6.75%,
12/15/2037
205‌
223‌
Baylor
Scott
&
White
Holdings
4.19%,
11/15/2045
125‌
109‌
Centene
Corp
3.38%,
02/15/2030
600‌
540‌
4.63%,
12/15/2029
600‌
575‌
Cigna
Group/The
1.25%,
03/15/2026
75‌
72‌
2.40%,
03/15/2030
791‌
703‌
3.20%,
03/15/2040
155‌
119‌
3.40%,
03/15/2051
90‌
63‌
3.88%,
10/15/2047
55‌
43‌
4.38%,
10/15/2028
175‌
173‌
4.80%,
08/15/2038
870‌
824‌
5.13%,
05/15/2031
265‌
268‌
5.60%,
02/15/2054
130‌
130‌
Elevance
Health
Inc
1.50%,
03/15/2026
60‌
58‌
3.13%,
05/15/2050
75‌
51‌
3.60%,
03/15/2051
60‌
44‌
4.10%,
03/01/2028
255‌
251‌
4.38%,
12/01/2047
300‌
255‌
4.65%,
01/15/2043
660‌
598‌
4.75%,
02/15/2030
135‌
135‌
4.75%,
02/15/2033
160‌
157‌
5.20%,
02/15/2035
205‌
206‌
5.38%,
06/15/2034
130‌
132‌
5.65%,
06/15/2054
130‌
132‌
5.70%,
02/15/2055
135‌
138‌
6.10%,
10/15/2052
155‌
165‌
HCA
Inc
2.38%,
07/15/2031
60‌
51‌
3.38%,
03/15/2029
135‌
127‌
3.50%,
09/01/2030
680‌
627‌
3.50%,
07/15/2051
260‌
179‌
4.38%,
03/15/2042
65‌
55‌
5.20%,
06/01/2028
160‌
162‌
5.25%,
06/15/2026
545‌
546‌
5.45%,
04/01/2031
130‌
132‌
5.45%,
09/15/2034
210‌
210‌
5.50%,
06/01/2033
160‌
162‌
5.50%,
06/15/2047
240‌
230‌
5.60%,
04/01/2034
130‌
131‌
5.95%,
09/15/2054
210‌
212‌
6.00%,
04/01/2054
200‌
203‌
Humana
Inc
1.35%,
02/03/2027
180‌
167‌
2.15%,
02/03/2032
60‌
49‌
3.13%,
08/15/2029
175‌
162‌
4.95%,
10/01/2044
320‌
287‌
5.50%,
03/15/2053
160‌
153‌
Kaiser
Foundation
Hospitals
4.15%,
05/01/2047
500‌
432‌
Laboratory
Corp
of
America
Holdings
4.70%,
02/01/2045
500‌
451‌
Memorial
Sloan-Kettering
Cancer
Center
4.20%,
07/01/2055
300‌
256‌
Providence
St
Joseph
Health
Obligated
Group
3.74%,
10/01/2047
250‌
194‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Healthcare
-
Services
(continued)
Quest
Diagnostics
Inc
2.95%,
06/30/2030
$
155‌
$
141‌
4.60%,
12/15/2027
220‌
220‌
5.00%,
12/15/2034
225‌
223‌
UnitedHealth
Group
Inc
1.25%,
01/15/2026
155‌
150‌
2.30%,
05/15/2031
60‌
52‌
2.75%,
05/15/2040
155‌
115‌
2.88%,
08/15/2029
150‌
140‌
2.90%,
05/15/2050
155‌
103‌
3.05%,
05/15/2041
660‌
501‌
3.10%,
03/15/2026
400‌
394‌
3.25%,
05/15/2051
435‌
307‌
3.45%,
01/15/2027
100‌
98‌
3.50%,
08/15/2039
125‌
104‌
3.70%,
05/15/2027
65‌
64‌
4.25%,
04/15/2047
320‌
274‌
4.25%,
06/15/2048
110‌
94‌
4.45%,
12/15/2048
95‌
83‌
4.60%,
04/15/2027
210‌
211‌
4.70%,
04/15/2029
105‌
106‌
4.75%,
07/15/2026
250‌
251‌
4.75%,
05/15/2052
65‌
60‌
4.80%,
01/15/2030
250‌
252‌
4.90%,
04/15/2031
210‌
213‌
4.95%,
01/15/2032
250‌
252‌
5.00%,
04/15/2034
210‌
211‌
5.15%,
07/15/2034
250‌
254‌
5.20%,
04/15/2063
320‌
308‌
5.50%,
07/15/2044
250‌
256‌
5.50%,
04/15/2064
210‌
211‌
5.63%,
07/15/2054
250‌
259‌
5.88%,
02/15/2053
310‌
331‌
6.88%,
02/15/2038
200‌
235‌
$
18,153‌
Home
Builders
-
0
.01
%
DR
Horton
Inc
1.30%,
10/15/2026
60‌
56‌
1.40%,
10/15/2027
150‌
138‌
$
194‌
Home
Furnishings
-
0
.01
%
Leggett
&
Platt
Inc
4.40%,
03/15/2029
250‌
237‌
Insurance
-
0
.64
%
Aflac
Inc
1.13%,
03/15/2026
60‌
58‌
Allstate
Corp/The
0.75%,
12/15/2025
170‌
163‌
1.45%,
12/15/2030
170‌
140‌
5.25%,
03/30/2033
290‌
295‌
American
International
Group
Inc
4.38%,
06/30/2050
100‌
87‌
4.80%,
07/10/2045
700‌
648‌
5.13%,
03/27/2033
105‌
106‌
5.75%,
04/01/2048
(f)
200‌
199‌
3
Month
USD
LIBOR
+
2.87%
Aon
Corp
2.80%,
05/15/2030
155‌
140‌
Aon
Corp
/
Aon
Global
Holdings
PLC
2.60%,
12/02/2031
50‌
43‌
2.85%,
05/28/2027
65‌
62‌
2.90%,
08/23/2051
60‌
39‌
5.00%,
09/12/2032
520‌
525‌
5.35%,
02/28/2033
160‌
164‌
Aon
North
America
Inc
5.13%,
03/01/2027
125‌
126‌
5.15%,
03/01/2029
190‌
193‌
5.45%,
03/01/2034
125‌
128‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
20
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Insurance
(continued)
Aon
North
America
Inc
(continued)
5.75%,
03/01/2054
$
65‌
$
67‌
Arch
Capital
Finance
LLC
5.03%,
12/15/2046
45‌
42‌
Athene
Holding
Ltd
4.13%,
01/12/2028
575‌
563‌
6.25%,
04/01/2054
125‌
132‌
Berkshire
Hathaway
Finance
Corp
2.50%,
01/15/2051
90‌
56‌
2.85%,
10/15/2050
100‌
67‌
2.88%,
03/15/2032
250‌
224‌
3.85%,
03/15/2052
440‌
354‌
4.20%,
08/15/2048
180‌
158‌
4.30%,
05/15/2043
235‌
213‌
5.75%,
01/15/2040
25‌
27‌
Brown
&
Brown
Inc
4.50%,
03/15/2029
300‌
296‌
Chubb
Corp/The
6.00%,
05/11/2037
350‌
381‌
Chubb
INA
Holdings
LLC
2.85%,
12/15/2051
30‌
20‌
3.05%,
12/15/2061
200‌
130‌
4.35%,
11/03/2045
400‌
357‌
4.65%,
08/15/2029
145‌
146‌
5.00%,
03/15/2034
145‌
147‌
CNA
Financial
Corp
2.05%,
08/15/2030
160‌
138‌
Corebridge
Financial
Inc
3.85%,
04/05/2029
65‌
63‌
3.90%,
04/05/2032
390‌
362‌
6.05%,
09/15/2033
160‌
169‌
Equitable
Holdings
Inc
4.35%,
04/20/2028
140‌
138‌
5.00%,
04/20/2048
62‌
58‌
Hartford
Financial
Services
Group
Inc/The
2.90%,
09/15/2051
195‌
130‌
Markel
Group
Inc
3.45%,
05/07/2052
75‌
53‌
Marsh
&
McLennan
Cos
Inc
2.38%,
12/15/2031
295‌
253‌
4.38%,
03/15/2029
440‌
437‌
4.55%,
11/08/2027
140‌
140‌
4.85%,
11/15/2031
140‌
140‌
4.90%,
03/15/2049
110‌
104‌
5.00%,
03/15/2035
275‌
276‌
5.40%,
09/15/2033
(a)
160‌
167‌
5.40%,
03/15/2055
140‌
142‌
5.70%,
09/15/2053
160‌
169‌
6.25%,
11/01/2052
155‌
175‌
MetLife
Inc
4.13%,
08/13/2042
250‌
217‌
4.60%,
05/13/2046
195‌
179‌
4.88%,
11/13/2043
50‌
47‌
5.25%,
01/15/2054
160‌
159‌
5.30%,
12/15/2034
130‌
133‌
5.38%,
07/15/2033
160‌
167‌
5.70%,
06/15/2035
600‌
635‌
Progressive
Corp/The
2.45%,
01/15/2027
500‌
480‌
3.70%,
03/15/2052
210‌
163‌
4.35%,
04/25/2044
30‌
27‌
4.95%,
06/15/2033
160‌
162‌
Prudential
Financial
Inc
3.70%,
10/01/2050
(f)
160‌
145‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.04%
3.70%,
03/13/2051
785‌
600‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Insurance
(continued)
Prudential
Financial
Inc
(continued)
5.70%,
09/15/2048
(f)
$
520‌
$
520‌
3
Month
USD
LIBOR
+
2.67%
Travelers
Cos
Inc/The
3.05%,
06/08/2051
90‌
63‌
4.00%,
05/30/2047
175‌
146‌
5.45%,
05/25/2053
200‌
207‌
6.25%,
06/15/2037
650‌
721‌
W
R
Berkley
Corp
4.00%,
05/12/2050
75‌
60‌
Willis
North
America
Inc
2.95%,
09/15/2029
50‌
46‌
3.88%,
09/15/2049
140‌
109‌
5.35%,
05/15/2033
160‌
163‌
$
14,759‌
Internet
-
0
.42
%
Alibaba
Group
Holding
Ltd
3.15%,
02/09/2051
200‌
137‌
3.40%,
12/06/2027
860‌
829‌
4.20%,
12/06/2047
200‌
167‌
Alphabet
Inc
1.90%,
08/15/2040
160‌
109‌
Amazon.com
Inc
2.10%,
05/12/2031
210‌
181‌
2.50%,
06/03/2050
285‌
180‌
2.88%,
05/12/2041
210‌
161‌
3.10%,
05/12/2051
210‌
149‌
3.15%,
08/22/2027
600‌
582‌
3.25%,
05/12/2061
400‌
277‌
3.30%,
04/13/2027
180‌
176‌
3.88%,
08/22/2037
300‌
273‌
3.95%,
04/13/2052
540‌
450‌
4.05%,
08/22/2047
500‌
432‌
4.25%,
08/22/2057
350‌
304‌
4.60%,
12/01/2025
455‌
456‌
4.70%,
12/01/2032
420‌
424‌
Baidu
Inc
1.72%,
04/09/2026
400‌
384‌
Booking
Holdings
Inc
3.60%,
06/01/2026
200‌
197‌
eBay
Inc
2.60%,
05/10/2031
360‌
316‌
3.65%,
05/10/2051
400‌
298‌
4.00%,
07/15/2042
20‌
17‌
5.95%,
11/22/2027
155‌
161‌
Expedia
Group
Inc
2.95%,
03/15/2031
13‌
12‌
Meta
Platforms
Inc
3.85%,
08/15/2032
135‌
128‌
4.30%,
08/15/2029
155‌
154‌
4.45%,
08/15/2052
750‌
669‌
4.75%,
08/15/2034
310‌
310‌
4.80%,
05/15/2030
100‌
102‌
4.95%,
05/15/2033
160‌
164‌
5.40%,
08/15/2054
310‌
317‌
5.55%,
08/15/2064
155‌
160‌
5.60%,
05/15/2053
320‌
337‌
Netflix
Inc
4.90%,
08/15/2034
285‌
287‌
5.88%,
11/15/2028
285‌
298‌
$
9,598‌
Iron
&
Steel
-
0
.05
%
ArcelorMittal
SA
6.00%,
06/17/2034
260‌
271‌
Nucor
Corp
3.13%,
04/01/2032
65‌
58‌
4.30%,
05/23/2027
65‌
65‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
21
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Iron
&
Steel
(continued)
Steel
Dynamics
Inc
1.65%,
10/15/2027
$
65‌
$
60‌
5.38%,
08/15/2034
130‌
132‌
Vale
Overseas
Ltd
6.13%,
06/12/2033
320‌
330‌
6.40%,
06/28/2054
130‌
132‌
6.88%,
11/10/2039
73‌
80‌
$
1,128‌
Lodging
-
0
.06
%
Hyatt
Hotels
Corp
5.25%,
06/30/2029
130‌
132‌
Marriott
International
Inc/MD
2.85%,
04/15/2031
510‌
453‌
5.00%,
10/15/2027
275‌
278‌
5.35%,
03/15/2035
135‌
136‌
5.55%,
10/15/2028
315‌
325‌
$
1,324‌
Machinery
-
Construction
&
Mining
-
0
.07
%
Caterpillar
Financial
Services
Corp
1.10%,
09/14/2027
120‌
110‌
1.15%,
09/14/2026
60‌
57‌
4.35%,
05/15/2026
160‌
160‌
4.50%,
01/08/2027
135‌
135‌
4.70%,
11/15/2029
280‌
282‌
5.00%,
05/14/2027
130‌
132‌
Caterpillar
Inc
2.60%,
04/09/2030
(a)
160‌
145‌
3.25%,
09/19/2049
145‌
107‌
3.80%,
08/15/2042
550‌
466‌
$
1,594‌
Machinery
-
Diversified
-
0
.16
%
CNH
Industrial
Capital
LLC
1.88%,
01/15/2026
150‌
145‌
Dover
Corp
5.38%,
03/01/2041
30‌
30‌
Ingersoll
Rand
Inc
5.20%,
06/15/2027
130‌
132‌
5.31%,
06/15/2031
130‌
133‌
John
Deere
Capital
Corp
0.70%,
01/15/2026
225‌
216‌
1.05%,
06/17/2026
60‌
57‌
1.50%,
03/06/2028
60‌
55‌
2.00%,
06/17/2031
55‌
47‌
2.35%,
03/08/2027
65‌
62‌
2.80%,
07/18/2029
115‌
107‌
4.15%,
09/15/2027
155‌
154‌
4.35%,
09/15/2032
345‌
338‌
4.50%,
01/08/2027
135‌
136‌
4.75%,
06/08/2026
320‌
322‌
4.85%,
06/11/2029
215‌
218‌
4.90%,
06/11/2027
215‌
218‌
4.90%,
03/07/2031
125‌
127‌
4.95%,
07/14/2028
160‌
163‌
5.10%,
04/11/2034
300‌
307‌
Otis
Worldwide
Corp
2.57%,
02/15/2030
155‌
139‌
3.36%,
02/15/2050
155‌
114‌
Rockwell
Automation
Inc
1.75%,
08/15/2031
40‌
33‌
2.80%,
08/15/2061
60‌
36‌
Westinghouse
Air
Brake
Technologies
Corp
4.70%,
09/15/2028
300‌
299‌
$
3,588‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Media
-
0
.61
%
Charter
Communications
Operating
LLC
/
Charter
Communications
Operating
Capital
2.25%,
01/15/2029
$
120‌
$
107‌
2.30%,
02/01/2032
250‌
202‌
2.80%,
04/01/2031
110‌
94‌
3.50%,
06/01/2041
115‌
83‌
3.70%,
04/01/2051
110‌
73‌
3.85%,
04/01/2061
335‌
214‌
3.90%,
06/01/2052
60‌
41‌
4.40%,
12/01/2061
30‌
21‌
4.80%,
03/01/2050
600‌
474‌
5.38%,
04/01/2038
50‌
46‌
5.38%,
05/01/2047
240‌
205‌
5.75%,
04/01/2048
280‌
250‌
6.15%,
11/10/2026
140‌
143‌
6.38%,
10/23/2035
500‌
514‌
6.48%,
10/23/2045
395‌
388‌
6.55%,
06/01/2034
130‌
136‌
Comcast
Corp
1.50%,
02/15/2031
160‌
132‌
2.35%,
01/15/2027
155‌
148‌
2.45%,
08/15/2052
160‌
93‌
2.65%,
02/01/2030
115‌
104‌
2.65%,
08/15/2062
160‌
91‌
2.89%,
11/01/2051
350‌
226‌
2.94%,
11/01/2056
390‌
245‌
2.99%,
11/01/2063
409‌
248‌
3.15%,
03/01/2026
75‌
74‌
3.25%,
11/01/2039
230‌
181‌
3.45%,
02/01/2050
250‌
182‌
3.55%,
05/01/2028
685‌
663‌
3.90%,
03/01/2038
160‌
139‌
3.97%,
11/01/2047
105‌
85‌
4.00%,
03/01/2048
210‌
170‌
4.40%,
08/15/2035
245‌
232‌
4.55%,
01/15/2029
(a)
520‌
521‌
4.70%,
10/15/2048
300‌
274‌
4.80%,
05/15/2033
365‌
363‌
5.10%,
06/01/2029
(a)
345‌
352‌
5.30%,
06/01/2034
(a)
345‌
354‌
5.50%,
11/15/2032
325‌
340‌
5.65%,
06/01/2054
295‌
304‌
Discovery
Communications
LLC
3.63%,
05/15/2030
60‌
54‌
3.95%,
03/20/2028
250‌
239‌
5.20%,
09/20/2047
200‌
165‌
Fox
Corp
5.48%,
01/25/2039
110‌
108‌
5.58%,
01/25/2049
140‌
136‌
6.50%,
10/13/2033
410‌
440‌
Paramount
Global
4.38%,
03/15/2043
400‌
308‌
4.85%,
07/01/2042
300‌
248‌
7.88%,
07/30/2030
30‌
33‌
Thomson
Reuters
Corp
5.85%,
04/15/2040
30‌
32‌
Time
Warner
Cable
Enterprises
LLC
8.38%,
07/15/2033
20‌
23‌
Time
Warner
Cable
LLC
4.50%,
09/15/2042
170‌
133‌
5.88%,
11/15/2040
260‌
240‌
6.55%,
05/01/2037
360‌
358‌
7.30%,
07/01/2038
60‌
63‌
Walt
Disney
Co/The
1.75%,
01/13/2026
935‌
907‌
2.00%,
09/01/2029
350‌
313‌
2.20%,
01/13/2028
110‌
103‌
2.65%,
01/13/2031
150‌
135‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
22
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Media
(continued)
Walt
Disney
Co/The
(continued)
3.38%,
11/15/2026
$
170‌
$
167‌
3.50%,
05/13/2040
155‌
129‌
3.60%,
01/13/2051
305‌
236‌
4.70%,
03/23/2050
220‌
205‌
4.95%,
10/15/2045
125‌
120‌
6.40%,
12/15/2035
369‌
416‌
6.65%,
11/15/2037
250‌
287‌
$
14,110‌
Metal
Fabrication
&
Hardware
-
0
.01
%
Precision
Castparts
Corp
3.90%,
01/15/2043
193‌
162‌
Mining
-
0
.19
%
Barrick
PD
Australia
Finance
Pty
Ltd
5.95%,
10/15/2039
410‌
431‌
BHP
Billiton
Finance
USA
Ltd
4.13%,
02/24/2042
170‌
149‌
4.88%,
02/27/2026
160‌
160‌
4.90%,
02/28/2033
160‌
161‌
5.00%,
09/30/2043
500‌
487‌
5.25%,
09/08/2026
160‌
162‌
5.25%,
09/08/2030
160‌
164‌
5.50%,
09/08/2053
160‌
164‌
Freeport-McMoRan
Inc
4.38%,
08/01/2028
200‌
196‌
5.25%,
09/01/2029
700‌
703‌
Newmont
Corp
2.60%,
07/15/2032
170‌
147‌
4.88%,
03/15/2042
500‌
474‌
6.25%,
10/01/2039
100‌
109‌
Rio
Tinto
Alcan
Inc
6.13%,
12/15/2033
30‌
33‌
Rio
Tinto
Finance
USA
Ltd
2.75%,
11/02/2051
155‌
101‌
Rio
Tinto
Finance
USA
PLC
4.75%,
03/22/2042
250‌
238‌
5.00%,
03/09/2033
160‌
163‌
Southern
Copper
Corp
5.25%,
11/08/2042
200‌
187‌
5.88%,
04/23/2045
110‌
110‌
$
4,339‌
Miscellaneous
Manufacturers
-
0
.11
%
3M
Co
2.38%,
08/26/2029
250‌
226‌
3.25%,
08/26/2049
100‌
72‌
Eaton
Corp
4.15%,
03/15/2033
575‌
554‌
4.15%,
11/02/2042
95‌
84‌
Illinois
Tool
Works
Inc
2.65%,
11/15/2026
90‌
87‌
Parker-Hannifin
Corp
4.25%,
09/15/2027
435‌
432‌
4.50%,
09/15/2029
435‌
434‌
Teledyne
Technologies
Inc
2.25%,
04/01/2028
60‌
56‌
Textron
Inc
4.00%,
03/15/2026
500‌
495‌
$
2,440‌
Oil
&
Gas
-
0
.79
%
BP
Capital
Markets
America
Inc
1.75%,
08/10/2030
205‌
175‌
2.72%,
01/12/2032
30‌
26‌
2.94%,
06/04/2051
750‌
494‌
3.00%,
02/24/2050
155‌
104‌
3.00%,
03/17/2052
60‌
40‌
3.06%,
06/17/2041
115‌
86‌
3.12%,
05/04/2026
110‌
108‌
3.41%,
02/11/2026
700‌
691‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Oil
&
Gas
(continued)
BP
Capital
Markets
America
Inc
(continued)
3.54%,
04/06/2027
$
215‌
$
211‌
3.59%,
04/14/2027
400‌
392‌
4.70%,
04/10/2029
270‌
271‌
4.81%,
02/13/2033
160‌
158‌
4.89%,
09/11/2033
160‌
159‌
4.97%,
10/17/2029
130‌
132‌
4.99%,
04/10/2034
135‌
135‌
5.02%,
11/17/2027
210‌
213‌
5.23%,
11/17/2034
130‌
132‌
BP
Capital
Markets
PLC
3.28%,
09/19/2027
115‌
112‌
Canadian
Natural
Resources
Ltd
4.95%,
06/01/2047
300‌
270‌
6.25%,
03/15/2038
300‌
316‌
Cenovus
Energy
Inc
6.75%,
11/15/2039
40‌
44‌
Chevron
Corp
2.00%,
05/11/2027
155‌
147‌
Chevron
USA
Inc
2.34%,
08/12/2050
160‌
96‌
ConocoPhillips
Co
3.80%,
03/15/2052
345‌
266‌
4.03%,
03/15/2062
440‌
341‌
4.70%,
01/15/2030
(h)
140‌
140‌
5.00%,
01/15/2035
(h)
140‌
140‌
5.05%,
09/15/2033
315‌
320‌
5.50%,
01/15/2055
(h)
140‌
141‌
5.55%,
03/15/2054
155‌
157‌
Devon
Energy
Corp
5.00%,
06/15/2045
75‌
66‌
5.20%,
09/15/2034
125‌
122‌
5.60%,
07/15/2041
380‌
367‌
5.75%,
09/15/2054
125‌
120‌
Diamondback
Energy
Inc
3.25%,
12/01/2026
110‌
107‌
5.15%,
01/30/2030
95‌
96‌
5.20%,
04/18/2027
55‌
56‌
5.40%,
04/18/2034
500‌
505‌
5.75%,
04/18/2054
150‌
149‌
EOG
Resources
Inc
5.65%,
12/01/2054
140‌
144‌
Equinor
ASA
2.38%,
05/22/2030
250‌
224‌
3.00%,
04/06/2027
155‌
151‌
3.25%,
11/18/2049
445‌
324‌
3.63%,
04/06/2040
155‌
130‌
Exxon
Mobil
Corp
2.44%,
08/16/2029
100‌
92‌
3.00%,
08/16/2039
80‌
63‌
3.45%,
04/15/2051
230‌
172‌
3.57%,
03/06/2045
340‌
270‌
4.23%,
03/19/2040
315‌
286‌
Hess
Corp
4.30%,
04/01/2027
300‌
298‌
7.13%,
03/15/2033
21‌
24‌
7.30%,
08/15/2031
109‌
124‌
Marathon
Oil
Corp
4.40%,
07/15/2027
300‌
299‌
Marathon
Petroleum
Corp
5.00%,
09/15/2054
200‌
174‌
Occidental
Petroleum
Corp
5.00%,
08/01/2027
175‌
176‌
5.20%,
08/01/2029
175‌
176‌
5.38%,
01/01/2032
175‌
174‌
6.05%,
10/01/2054
175‌
173‌
6.45%,
09/15/2036
520‌
546‌
6.63%,
09/01/2030
320‌
339‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
23
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Oil
&
Gas
(continued)
Phillips
66
1.30%,
02/15/2026
$
30‌
$
29‌
2.15%,
12/15/2030
110‌
95‌
4.65%,
11/15/2034
560‌
538‌
4.88%,
11/15/2044
350‌
317‌
5.88%,
05/01/2042
30‌
31‌
Phillips
66
Co
4.90%,
10/01/2046
270‌
243‌
4.95%,
12/01/2027
160‌
162‌
5.25%,
06/15/2031
135‌
137‌
5.50%,
03/15/2055
135‌
132‌
Pioneer
Natural
Resources
Co
1.13%,
01/15/2026
55‌
53‌
1.90%,
08/15/2030
160‌
138‌
2.15%,
01/15/2031
55‌
48‌
Shell
Finance
US
Inc
3.25%,
04/06/2050
350‌
252‌
4.00%,
05/10/2046
360‌
297‌
4.13%,
05/11/2035
130‌
123‌
4.38%,
05/11/2045
325‌
286‌
4.55%,
08/12/2043
340‌
311‌
Shell
International
Finance
BV
2.88%,
05/10/2026
155‌
151‌
2.88%,
11/26/2041
120‌
89‌
6.38%,
12/15/2038
400‌
451‌
Suncor
Energy
Inc
3.75%,
03/04/2051
60‌
44‌
4.00%,
11/15/2047
100‌
78‌
6.80%,
05/15/2038
77‌
85‌
6.85%,
06/01/2039
73‌
82‌
TotalEnergies
Capital
International
SA
2.99%,
06/29/2041
115‌
87‌
3.13%,
05/29/2050
155‌
108‌
3.39%,
06/29/2060
115‌
79‌
TotalEnergies
Capital
SA
5.15%,
04/05/2034
235‌
238‌
5.28%,
09/10/2054
135‌
132‌
5.43%,
09/10/2064
135‌
133‌
5.49%,
04/05/2054
235‌
237‌
Valero
Energy
Corp
2.80%,
12/01/2031
740‌
643‌
4.00%,
06/01/2052
525‌
400‌
6.63%,
06/15/2037
60‌
66‌
7.50%,
04/15/2032
60‌
69‌
$
18,328‌
Oil
&
Gas
Services
-
0
.07
%
Baker
Hughes
Holdings
LLC
/
Baker
Hughes
Co-
Obligor
Inc
2.06%,
12/15/2026
60‌
57‌
3.14%,
11/07/2029
150‌
140‌
3.34%,
12/15/2027
135‌
130‌
Halliburton
Co
4.50%,
11/15/2041
400‌
358‌
5.00%,
11/15/2045
230‌
216‌
7.45%,
09/15/2039
386‌
466‌
NOV
Inc
3.60%,
12/01/2029
150‌
141‌
Schlumberger
Investment
SA
2.65%,
06/26/2030
160‌
145‌
$
1,653‌
Packaging
&
Containers
-
0
.04
%
Packaging
Corp
of
America
3.05%,
10/01/2051
200‌
135‌
Smurfit
Westrock
Financing
DAC
5.42%,
01/15/2035
(e)
280‌
286‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Packaging
&
Containers
(continued)
WRKCo
Inc
3.00%,
06/15/2033
$
80‌
$
69‌
4.65%,
03/15/2026
500‌
501‌
$
991‌
Pharmaceuticals
-
1
.29
%
AbbVie
Inc
2.95%,
11/21/2026
300‌
291‌
3.20%,
05/14/2026
300‌
295‌
3.20%,
11/21/2029
820‌
769‌
4.05%,
11/21/2039
375‌
334‌
4.25%,
11/14/2028
140‌
139‌
4.25%,
11/21/2049
175‌
151‌
4.40%,
11/06/2042
25‌
23‌
4.45%,
05/14/2046
270‌
241‌
4.50%,
05/14/2035
300‌
289‌
4.55%,
03/15/2035
170‌
164‌
4.80%,
03/15/2027
255‌
257‌
4.80%,
03/15/2029
255‌
257‌
4.85%,
06/15/2044
645‌
610‌
4.88%,
11/14/2048
440‌
415‌
4.95%,
03/15/2031
190‌
192‌
5.05%,
03/15/2034
95‌
96‌
5.40%,
03/15/2054
75‌
76‌
Astrazeneca
Finance
LLC
1.75%,
05/28/2028
105‌
96‌
2.25%,
05/28/2031
60‌
52‌
4.80%,
02/26/2027
130‌
131‌
4.85%,
02/26/2029
130‌
132‌
4.88%,
03/03/2028
285‌
289‌
4.88%,
03/03/2033
400‌
404‌
4.90%,
02/26/2031
130‌
132‌
AstraZeneca
PLC
0.70%,
04/08/2026
120‌
114‌
1.38%,
08/06/2030
350‌
295‌
3.00%,
05/28/2051
45‌
31‌
4.38%,
08/17/2048
60‌
54‌
6.45%,
09/15/2037
30‌
34‌
Becton
Dickinson
&
Co
1.96%,
02/11/2031
60‌
51‌
3.70%,
06/06/2027
600‌
588‌
3.79%,
05/20/2050
710‌
554‌
4.67%,
06/06/2047
155‌
139‌
4.69%,
12/15/2044
59‌
53‌
5.08%,
06/07/2029
235‌
238‌
Bristol-Myers
Squibb
Co
1.13%,
11/13/2027
120‌
109‌
1.45%,
11/13/2030
65‌
55‌
2.55%,
11/13/2050
65‌
40‌
2.95%,
03/15/2032
200‌
178‌
3.40%,
07/26/2029
350‌
333‌
3.55%,
03/15/2042
200‌
161‌
3.70%,
03/15/2052
250‌
194‌
3.90%,
02/20/2028
130‌
128‌
4.13%,
06/15/2039
195‌
175‌
4.25%,
10/26/2049
360‌
307‌
4.35%,
11/15/2047
210‌
182‌
4.55%,
02/20/2048
171‌
153‌
4.90%,
02/22/2027
380‌
384‌
4.90%,
02/22/2029
265‌
269‌
5.20%,
02/22/2034
265‌
271‌
5.50%,
02/22/2044
130‌
134‌
5.55%,
02/22/2054
230‌
238‌
5.75%,
02/01/2031
140‌
148‌
6.40%,
11/15/2063
140‌
159‌
Cardinal
Health
Inc
3.41%,
06/15/2027
400‌
388‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
24
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pharmaceuticals
(continued)
CVS
Health
Corp
1.30%,
08/21/2027
$
160‌
$
146‌
1.75%,
08/21/2030
160‌
133‌
1.88%,
02/28/2031
55‌
45‌
2.70%,
08/21/2040
160‌
109‌
3.00%,
08/15/2026
105‌
102‌
3.25%,
08/15/2029
740‌
684‌
4.78%,
03/25/2038
800‌
727‌
4.88%,
07/20/2035
510‌
485‌
5.05%,
03/25/2048
725‌
643‌
5.13%,
07/20/2045
430‌
387‌
5.25%,
02/21/2033
160‌
159‌
5.30%,
06/01/2033
160‌
159‌
5.55%,
06/01/2031
130‌
132‌
5.70%,
06/01/2034
(a)
130‌
133‌
5.88%,
06/01/2053
320‌
315‌
Eli
Lilly
&
Co
2.50%,
09/15/2060
155‌
89‌
4.15%,
03/15/2059
320‌
268‌
4.50%,
02/09/2027
130‌
131‌
4.50%,
02/09/2029
130‌
130‌
4.60%,
08/14/2034
200‌
197‌
4.70%,
02/09/2034
130‌
129‌
4.88%,
02/27/2053
120‌
115‌
5.00%,
02/09/2054
130‌
127‌
5.05%,
08/14/2054
200‌
197‌
GlaxoSmithKline
Capital
Inc
3.88%,
05/15/2028
140‌
138‌
6.38%,
05/15/2038
760‌
850‌
Johnson
&
Johnson
2.10%,
09/01/2040
115‌
80‌
3.70%,
03/01/2046
90‌
75‌
4.80%,
06/01/2029
520‌
531‌
4.90%,
06/01/2031
520‌
532‌
4.95%,
06/01/2034
260‌
267‌
5.95%,
08/15/2037
75‌
83‌
McKesson
Corp
0.90%,
12/03/2025
60‌
58‌
Merck
&
Co
Inc
1.70%,
06/10/2027
155‌
146‌
1.90%,
12/10/2028
70‌
64‌
2.35%,
06/24/2040
135‌
95‌
2.75%,
12/10/2051
140‌
90‌
2.90%,
12/10/2061
420‌
259‌
3.70%,
02/10/2045
600‌
486‌
4.15%,
05/18/2043
200‌
175‌
4.50%,
05/17/2033
300‌
296‌
5.00%,
05/17/2053
320‌
308‌
Novartis
Capital
Corp
2.75%,
08/14/2050
155‌
105‌
3.80%,
09/18/2029
300‌
292‌
4.20%,
09/18/2034
300‌
287‌
4.70%,
09/18/2054
300‌
281‌
Pfizer
Inc
1.75%,
08/18/2031
245‌
205‌
2.55%,
05/28/2040
800‌
578‌
4.00%,
12/15/2036
45‌
41‌
4.20%,
09/15/2048
80‌
68‌
4.30%,
06/15/2043
225‌
200‌
4.40%,
05/15/2044
75‌
68‌
7.20%,
03/15/2039
60‌
72‌
Pfizer
Investment
Enterprises
Pte
Ltd
4.45%,
05/19/2026
620‌
619‌
4.45%,
05/19/2028
780‌
778‌
4.65%,
05/19/2030
320‌
320‌
4.75%,
05/19/2033
480‌
475‌
5.11%,
05/19/2043
320‌
314‌
5.30%,
05/19/2053
300‌
297‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pharmaceuticals
(continued)
Pfizer
Investment
Enterprises
Pte
Ltd
(continued)
5.34%,
05/19/2063
$
320‌
$
311‌
Takeda
Pharmaceutical
Co
Ltd
2.05%,
03/31/2030
700‌
611‌
3.18%,
07/09/2050
645‌
444‌
5.30%,
07/05/2034
260‌
264‌
Utah
Acquisition
Sub
Inc
5.25%,
06/15/2046
305‌
268‌
Viatris
Inc
2.30%,
06/22/2027
115‌
108‌
2.70%,
06/22/2030
155‌
136‌
3.85%,
06/22/2040
115‌
89‌
4.00%,
06/22/2050
155‌
111‌
Wyeth
LLC
5.95%,
04/01/2037
60‌
65‌
Zoetis
Inc
2.00%,
05/15/2030
85‌
74‌
3.00%,
05/15/2050
40‌
27‌
$
29,775‌
Pipelines
-
0
.87
%
Cheniere
Corpus
Christi
Holdings
LLC
3.70%,
11/15/2029
300‌
284‌
Cheniere
Energy
Partners
LP
5.75%,
08/15/2034
(e)
255‌
260‌
Eastern
Gas
Transmission
&
Storage
Inc
4.60%,
12/15/2044
640‌
567‌
Enbridge
Inc
1.60%,
10/04/2026
20‌
19‌
2.50%,
08/01/2033
465‌
383‌
3.13%,
11/15/2029
150‌
139‌
3.40%,
08/01/2051
45‌
32‌
4.25%,
12/01/2026
75‌
74‌
5.30%,
04/05/2029
125‌
127‌
5.70%,
03/08/2033
160‌
166‌
5.90%,
11/15/2026
265‌
271‌
5.95%,
04/05/2054
125‌
131‌
6.70%,
11/15/2053
145‌
166‌
Energy
Transfer
LP
3.75%,
05/15/2030
715‌
675‌
4.75%,
01/15/2026
500‌
499‌
5.30%,
04/15/2047
500‌
463‌
5.35%,
05/15/2045
220‌
207‌
5.55%,
05/15/2034
135‌
137‌
5.75%,
02/15/2033
155‌
159‌
6.05%,
09/01/2054
275‌
283‌
6.10%,
12/01/2028
320‌
335‌
6.25%,
04/15/2049
155‌
162‌
6.40%,
12/01/2030
320‌
342‌
6.50%,
02/01/2042
370‌
399‌
Enterprise
Products
Operating
LLC
3.30%,
02/15/2053
80‌
56‌
4.25%,
02/15/2048
250‌
212‌
4.45%,
02/15/2043
350‌
313‌
4.85%,
01/31/2034
135‌
134‌
4.85%,
03/15/2044
750‌
703‌
4.95%,
02/15/2035
220‌
219‌
5.05%,
01/10/2026
160‌
161‌
5.55%,
02/16/2055
220‌
224‌
6.45%,
09/01/2040
490‌
546‌
6.88%,
03/01/2033
39‌
44‌
Kinder
Morgan
Energy
Partners
LP
4.70%,
11/01/2042
20‌
18‌
5.00%,
03/01/2043
275‌
252‌
Kinder
Morgan
Inc
1.75%,
11/15/2026
60‌
57‌
2.00%,
02/15/2031
130‌
111‌
3.25%,
08/01/2050
130‌
87‌
3.60%,
02/15/2051
245‌
176‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
25
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pipelines
(continued)
Kinder
Morgan
Inc
(continued)
5.00%,
02/01/2029
$
135‌
$
136‌
5.05%,
02/15/2046
30‌
27‌
5.10%,
08/01/2029
150‌
152‌
5.20%,
06/01/2033
160‌
160‌
5.40%,
02/01/2034
135‌
137‌
5.55%,
06/01/2045
500‌
488‌
5.95%,
08/01/2054
130‌
134‌
MPLX
LP
1.75%,
03/01/2026
160‌
154‌
4.13%,
03/01/2027
425‌
420‌
4.25%,
12/01/2027
300‌
296‌
4.50%,
04/15/2038
200‌
181‌
5.00%,
03/01/2033
160‌
157‌
5.50%,
06/01/2034
130‌
131‌
5.50%,
02/15/2049
830‌
802‌
ONEOK
Inc
3.40%,
09/01/2029
350‌
329‌
4.25%,
09/24/2027
350‌
346‌
4.75%,
10/15/2031
335‌
330‌
5.55%,
11/01/2026
189‌
191‌
5.70%,
11/01/2054
285‌
284‌
5.85%,
11/01/2064
285‌
284‌
6.05%,
09/01/2033
315‌
332‌
6.63%,
09/01/2053
155‌
172‌
Plains
All
American
Pipeline
LP
/
PAA
Finance
Corp
3.55%,
12/15/2029
485‌
456‌
4.70%,
06/15/2044
330‌
287‌
Sabine
Pass
Liquefaction
LLC
4.20%,
03/15/2028
645‌
635‌
5.00%,
03/15/2027
375‌
377‌
Targa
Resources
Corp
5.20%,
07/01/2027
220‌
223‌
6.13%,
03/15/2033
160‌
169‌
6.15%,
03/01/2029
145‌
152‌
6.50%,
03/30/2034
145‌
158‌
TransCanada
PipeLines
Ltd
4.25%,
05/15/2028
300‌
296‌
Western
Midstream
Operating
LP
5.45%,
11/15/2034
290‌
288‌
6.15%,
04/01/2033
160‌
166‌
Williams
Cos
Inc/The
2.60%,
03/15/2031
160‌
140‌
3.50%,
10/15/2051
60‌
43‌
3.75%,
06/15/2027
45‌
44‌
4.85%,
03/01/2048
350‌
316‌
4.90%,
03/15/2029
135‌
136‌
5.10%,
09/15/2045
120‌
114‌
5.30%,
08/15/2028
250‌
255‌
5.30%,
08/15/2052
65‌
63‌
5.65%,
03/15/2033
160‌
165‌
6.30%,
04/15/2040
430‌
463‌
$
20,182‌
Private
Equity
-
0
.04
%
Brookfield
Finance
Inc
2.72%,
04/15/2031
60‌
53‌
3.50%,
03/30/2051
150‌
109‌
3.90%,
01/25/2028
700‌
685‌
5.68%,
01/15/2035
130‌
134‌
$
981‌
Regional
Authority
-
0
.24
%
Province
of
Alberta
Canada
1.30%,
07/22/2030
175‌
148‌
3.30%,
03/15/2028
170‌
165‌
4.50%,
06/26/2029
250‌
252‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Regional
Authority
(continued)
Province
of
British
Columbia
Canada
0.90%,
07/20/2026
$
265‌
$
251‌
1.30%,
01/29/2031
160‌
134‌
4.20%,
07/06/2033
315‌
307‌
4.75%,
06/12/2034
250‌
253‌
4.80%,
11/15/2028
140‌
142‌
6.50%,
01/15/2026
45‌
46‌
Province
of
Manitoba
Canada
1.50%,
10/25/2028
85‌
77‌
4.30%,
07/27/2033
160‌
157‌
Province
of
Ontario
Canada
0.63%,
01/21/2026
280‌
268‌
1.05%,
04/14/2026
415‌
397‌
1.13%,
10/07/2030
300‌
250‌
2.13%,
01/21/2032
340‌
292‌
3.10%,
05/19/2027
285‌
277‌
3.70%,
09/17/2029
265‌
258‌
4.20%,
01/18/2029
360‌
358‌
Province
of
Quebec
Canada
1.35%,
05/28/2030
490‌
418‌
3.63%,
04/13/2028
320‌
313‌
4.25%,
09/05/2034
130‌
127‌
4.50%,
04/03/2029
450‌
453‌
4.50%,
09/08/2033
160‌
159‌
7.50%,
09/15/2029
36‌
41‌
$
5,543‌
REITs
-
0
.88
%
Alexandria
Real
Estate
Equities
Inc
1.88%,
02/01/2033
240‌
189‌
2.00%,
05/18/2032
400‌
326‌
2.75%,
12/15/2029
70‌
63‌
2.95%,
03/15/2034
65‌
55‌
3.00%,
05/18/2051
100‌
65‌
4.00%,
02/01/2050
70‌
55‌
4.90%,
12/15/2030
80‌
80‌
5.15%,
04/15/2053
160‌
151‌
American
Tower
Corp
1.60%,
04/15/2026
60‌
58‌
1.88%,
10/15/2030
175‌
148‌
2.90%,
01/15/2030
155‌
141‌
2.95%,
01/15/2051
60‌
40‌
3.38%,
10/15/2026
500‌
488‌
3.65%,
03/15/2027
515‌
503‌
3.70%,
10/15/2049
300‌
228‌
3.95%,
03/15/2029
200‌
193‌
5.25%,
07/15/2028
160‌
162‌
5.65%,
03/15/2033
160‌
165‌
5.90%,
11/15/2033
160‌
168‌
AvalonBay
Communities
Inc
1.90%,
12/01/2028
60‌
54‌
2.05%,
01/15/2032
60‌
51‌
2.30%,
03/01/2030
755‌
671‌
5.00%,
02/15/2033
155‌
156‌
5.35%,
06/01/2034
130‌
134‌
Boston
Properties
LP
2.55%,
04/01/2032
245‌
202‌
2.90%,
03/15/2030
600‌
535‌
3.65%,
02/01/2026
500‌
492‌
COPT
Defense
Properties
LP
2.75%,
04/15/2031
60‌
52‌
Crown
Castle
Inc
1.05%,
07/15/2026
115‌
108‌
2.50%,
07/15/2031
60‌
51‌
2.90%,
04/01/2041
60‌
44‌
3.10%,
11/15/2029
125‌
115‌
3.25%,
01/15/2051
115‌
80‌
3.70%,
06/15/2026
600‌
590‌
3.80%,
02/15/2028
430‌
417‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
26
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
REITs
(continued)
Crown
Castle
Inc
(continued)
4.00%,
11/15/2049
$
95‌
$
75‌
4.90%,
09/01/2029
145‌
145‌
5.00%,
01/11/2028
160‌
161‌
5.10%,
05/01/2033
350‌
349‌
CubeSmart
LP
2.00%,
02/15/2031
110‌
93‌
2.25%,
12/15/2028
60‌
54‌
Digital
Realty
Trust
LP
5.55%,
01/15/2028
345‌
353‌
Equinix
Inc
1.80%,
07/15/2027
155‌
144‌
2.50%,
05/15/2031
460‌
400‌
3.20%,
11/18/2029
130‌
121‌
3.40%,
02/15/2052
60‌
43‌
ERP
Operating
LP
4.65%,
09/15/2034
350‌
340‌
Essex
Portfolio
LP
1.70%,
03/01/2028
60‌
55‌
3.00%,
01/15/2030
140‌
128‌
4.00%,
03/01/2029
784‌
759‌
5.50%,
04/01/2034
135‌
138‌
Extra
Space
Storage
LP
2.20%,
10/15/2030
75‌
65‌
2.40%,
10/15/2031
60‌
51‌
5.40%,
02/01/2034
135‌
137‌
5.50%,
07/01/2030
160‌
165‌
Federal
Realty
OP
LP
1.25%,
02/15/2026
115‌
110‌
GLP
Capital
LP
/
GLP
Financing
II
Inc
4.00%,
01/15/2030
140‌
131‌
Healthcare
Realty
Holdings
LP
2.00%,
03/15/2031
150‌
124‌
Healthpeak
OP
LLC
2.13%,
12/01/2028
210‌
190‌
5.25%,
12/15/2032
80‌
81‌
Kilroy
Realty
LP
2.50%,
11/15/2032
160‌
127‌
Kimco
Realty
OP
LLC
2.25%,
12/01/2031
60‌
51‌
2.70%,
10/01/2030
160‌
144‌
3.70%,
10/01/2049
30‌
23‌
4.60%,
02/01/2033
165‌
161‌
6.40%,
03/01/2034
360‌
394‌
Mid-America
Apartments
LP
5.30%,
02/15/2032
130‌
133‌
NNN
REIT
Inc
3.60%,
12/15/2026
300‌
294‌
Omega
Healthcare
Investors
Inc
4.75%,
01/15/2028
30‌
30‌
Prologis
LP
1.25%,
10/15/2030
160‌
133‌
1.75%,
07/01/2030
155‌
133‌
2.25%,
01/15/2032
60‌
51‌
2.88%,
11/15/2029
75‌
70‌
4.63%,
01/15/2033
575‌
569‌
4.88%,
06/15/2028
160‌
162‌
5.25%,
03/15/2054
130‌
129‌
Public
Storage
Operating
Co
0.88%,
02/15/2026
40‌
38‌
1.85%,
05/01/2028
115‌
106‌
2.25%,
11/09/2031
60‌
51‌
5.10%,
08/01/2033
160‌
163‌
5.13%,
01/15/2029
160‌
164‌
Realty
Income
Corp
0.75%,
03/15/2026
40‌
38‌
2.10%,
03/15/2028
60‌
55‌
2.20%,
06/15/2028
65‌
60‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
REITs
(continued)
Realty
Income
Corp
(continued)
3.10%,
12/15/2029
$
300‌
$
279‌
3.25%,
01/15/2031
160‌
147‌
4.13%,
10/15/2026
220‌
218‌
4.75%,
02/15/2029
135‌
135‌
4.85%,
03/15/2030
160‌
161‌
4.88%,
06/01/2026
700‌
701‌
4.90%,
07/15/2033
160‌
158‌
5.38%,
09/01/2054
135‌
134‌
Simon
Property
Group
LP
1.75%,
02/01/2028
555‌
510‌
2.65%,
02/01/2032
385‌
334‌
3.25%,
11/30/2026
300‌
292‌
3.30%,
01/15/2026
(a)
700‌
690‌
4.75%,
09/26/2034
135‌
131‌
4.75%,
03/15/2042
164‌
152‌
UDR
Inc
2.10%,
08/01/2032
100‌
81‌
3.20%,
01/15/2030
145‌
134‌
Ventas
Realty
LP
3.00%,
01/15/2030
500‌
457‌
5.63%,
07/01/2034
130‌
134‌
Welltower
OP
LLC
2.75%,
01/15/2032
570‌
496‌
4.13%,
03/15/2029
300‌
293‌
WP
Carey
Inc
2.40%,
02/01/2031
65‌
56‌
$
20,414‌
Retail
-
0
.62
%
AutoZone
Inc
1.65%,
01/15/2031
160‌
133‌
5.10%,
07/15/2029
260‌
264‌
Costco
Wholesale
Corp
1.38%,
06/20/2027
125‌
116‌
Dollar
Tree
Inc
4.20%,
05/15/2028
130‌
127‌
Home
Depot
Inc/The
0.90%,
03/15/2028
55‌
49‌
1.88%,
09/15/2031
760‌
639‌
2.13%,
09/15/2026
350‌
336‌
2.38%,
03/15/2051
55‌
33‌
2.75%,
09/15/2051
60‌
39‌
2.88%,
04/15/2027
65‌
63‌
2.95%,
06/15/2029
500‌
468‌
3.13%,
12/15/2049
235‌
166‌
4.20%,
04/01/2043
300‌
264‌
4.25%,
04/01/2046
180‌
157‌
4.40%,
03/15/2045
300‌
269‌
4.85%,
06/25/2031
150‌
152‌
4.88%,
06/25/2027
130‌
132‌
4.90%,
04/15/2029
135‌
137‌
4.95%,
09/30/2026
135‌
136‌
4.95%,
06/25/2034
260‌
263‌
4.95%,
09/15/2052
85‌
82‌
5.30%,
06/25/2054
260‌
263‌
5.88%,
12/16/2036
400‌
434‌
Lowe's
Cos
Inc
1.30%,
04/15/2028
130‌
117‌
1.70%,
10/15/2030
130‌
110‌
2.50%,
04/15/2026
90‌
88‌
3.10%,
05/03/2027
500‌
483‌
3.65%,
04/05/2029
135‌
130‌
3.70%,
04/15/2046
20‌
15‌
3.75%,
04/01/2032
65‌
61‌
4.25%,
04/01/2052
540‌
443‌
4.55%,
04/05/2049
135‌
117‌
4.80%,
04/01/2026
160‌
160‌
5.00%,
04/15/2033
130‌
131‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
27
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Retail
(continued)
Lowe’s
Cos
Inc
(continued)
5.00%,
04/15/2040
$
155‌
$
152‌
5.63%,
04/15/2053
380‌
385‌
5.75%,
07/01/2053
160‌
166‌
McDonald's
Corp
2.63%,
09/01/2029
140‌
129‌
3.70%,
01/30/2026
150‌
149‌
3.70%,
02/15/2042
300‌
245‌
4.45%,
03/01/2047
500‌
440‌
5.15%,
09/09/2052
255‌
247‌
6.30%,
03/01/2038
600‌
665‌
O'Reilly
Automotive
Inc
1.75%,
03/15/2031
75‌
62‌
Starbucks
Corp
2.00%,
03/12/2027
290‌
274‌
3.00%,
02/14/2032
(a)
345‌
307‌
3.75%,
12/01/2047
370‌
285‌
4.30%,
06/15/2045
225‌
190‌
4.45%,
08/15/2049
220‌
190‌
4.80%,
02/15/2033
(a)
120‌
120‌
Target
Corp
1.95%,
01/15/2027
280‌
267‌
2.95%,
01/15/2052
325‌
218‌
4.50%,
09/15/2032
690‌
679‌
4.50%,
09/15/2034
135‌
131‌
4.80%,
01/15/2053
(a)
160‌
150‌
TJX
Cos
Inc/The
1.15%,
05/15/2028
65‌
58‌
1.60%,
05/15/2031
65‌
54‌
Walmart
Inc
1.05%,
09/17/2026
105‌
99‌
1.50%,
09/22/2028
300‌
271‌
1.80%,
09/22/2031
135‌
115‌
2.50%,
09/22/2041
135‌
97‌
2.65%,
09/22/2051
105‌
69‌
3.90%,
04/15/2028
50‌
50‌
3.95%,
06/28/2038
195‌
180‌
4.00%,
04/15/2026
255‌
254‌
4.00%,
04/15/2030
275‌
272‌
4.00%,
04/11/2043
250‌
221‌
4.05%,
06/29/2048
100‌
87‌
4.10%,
04/15/2033
275‌
268‌
4.50%,
09/09/2052
300‌
276‌
$
14,399‌
Semiconductors
-
0
.57
%
Analog
Devices
Inc
2.10%,
10/01/2031
40‌
34‌
2.80%,
10/01/2041
60‌
44‌
3.50%,
12/05/2026
250‌
246‌
5.30%,
04/01/2054
125‌
126‌
Applied
Materials
Inc
4.35%,
04/01/2047
200‌
178‌
4.80%,
06/15/2029
305‌
309‌
5.10%,
10/01/2035
250‌
256‌
Broadcom
Corp
/
Broadcom
Cayman
Finance
Ltd
3.88%,
01/15/2027
650‌
640‌
Broadcom
Inc
3.14%,
11/15/2035
(e)
738‌
614‌
3.19%,
11/15/2036
(e)
30‌
25‌
3.42%,
04/15/2033
(e)
452‌
402‌
3.47%,
04/15/2034
(e)
415‌
366‌
3.75%,
02/15/2051
(e)
570‌
438‌
4.15%,
02/15/2028
135‌
133‌
4.15%,
11/15/2030
310‌
300‌
4.35%,
02/15/2030
210‌
206‌
4.55%,
02/15/2032
75‌
73‌
4.75%,
04/15/2029
355‌
355‌
5.15%,
11/15/2031
65‌
66‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Semiconductors
(continued)
Intel
Corp
2.00%,
08/12/2031
$
60‌
$
50‌
3.05%,
08/12/2051
60‌
37‌
3.15%,
05/11/2027
150‌
145‌
3.20%,
08/12/2061
60‌
36‌
3.73%,
12/08/2047
105‌
75‌
3.75%,
03/25/2027
155‌
151‌
3.75%,
08/05/2027
65‌
63‌
4.00%,
08/05/2029
585‌
565‌
4.10%,
05/19/2046
250‌
192‌
4.15%,
08/05/2032
765‌
720‌
4.60%,
03/25/2040
155‌
136‌
4.88%,
02/10/2026
605‌
606‌
5.20%,
02/10/2033
300‌
300‌
5.60%,
02/21/2054
200‌
190‌
5.63%,
02/10/2043
300‌
291‌
5.70%,
02/10/2053
385‌
367‌
KLA
Corp
4.70%,
02/01/2034
135‌
134‌
4.95%,
07/15/2052
140‌
134‌
Lam
Research
Corp
2.88%,
06/15/2050
500‌
335‌
Marvell
Technology
Inc
2.45%,
04/15/2028
115‌
106‌
Micron
Technology
Inc
2.70%,
04/15/2032
90‌
77‌
4.19%,
02/15/2027
405‌
400‌
5.30%,
01/15/2031
80‌
81‌
NVIDIA
Corp
1.55%,
06/15/2028
60‌
55‌
3.50%,
04/01/2040
600‌
514‌
NXP
BV
/
NXP
Funding
LLC
/
NXP
USA
Inc
2.50%,
05/11/2031
115‌
99‌
3.13%,
02/15/2042
265‌
193‌
3.15%,
05/01/2027
80‌
77‌
3.25%,
05/11/2041
60‌
46‌
4.40%,
06/01/2027
480‌
477‌
QUALCOMM
Inc
4.50%,
05/20/2052
165‌
145‌
4.80%,
05/20/2045
110‌
103‌
6.00%,
05/20/2053
155‌
169‌
Texas
Instruments
Inc
4.15%,
05/15/2048
165‌
141‌
4.60%,
02/08/2029
225‌
227‌
4.90%,
03/14/2033
160‌
163‌
5.00%,
03/14/2053
160‌
155‌
5.15%,
02/08/2054
130‌
129‌
TSMC
Arizona
Corp
3.88%,
04/22/2027
590‌
580‌
$
13,275‌
Software
-
0
.64
%
Fidelity
National
Information
Services
Inc
1.65%,
03/01/2028
540‌
490‌
3.10%,
03/01/2041
55‌
42‌
5.10%,
07/15/2032
550‌
556‌
Fiserv
Inc
3.50%,
07/01/2029
900‌
854‌
4.40%,
07/01/2049
590‌
510‌
4.75%,
03/15/2030
140‌
140‌
5.15%,
08/12/2034
70‌
70‌
5.35%,
03/15/2031
125‌
129‌
5.45%,
03/02/2028
240‌
245‌
5.63%,
08/21/2033
155‌
161‌
Intuit
Inc
1.35%,
07/15/2027
160‌
148‌
5.13%,
09/15/2028
160‌
164‌
5.25%,
09/15/2026
315‌
319‌
5.50%,
09/15/2053
120‌
123‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
28
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Software
(continued)
Microsoft
Corp
1.35%,
09/15/2030
$
80‌
$
68‌
2.50%,
09/15/2050
160‌
102‌
2.53%,
06/01/2050
611‌
397‌
2.68%,
06/01/2060
349‌
217‌
2.92%,
03/17/2052
476‌
333‌
3.30%,
02/06/2027
140‌
137‌
3.45%,
08/08/2036
250‌
224‌
3.70%,
08/08/2046
500‌
419‌
Oracle
Corp
2.30%,
03/25/2028
115‌
107‌
2.65%,
07/15/2026
300‌
291‌
2.80%,
04/01/2027
155‌
149‌
2.88%,
03/25/2031
115‌
103‌
2.95%,
04/01/2030
655‌
599‌
3.60%,
04/01/2040
355‌
288‌
3.60%,
04/01/2050
700‌
517‌
3.65%,
03/25/2041
115‌
93‌
3.90%,
05/15/2035
130‌
117‌
3.95%,
03/25/2051
115‌
90‌
4.00%,
07/15/2046
500‌
402‌
4.00%,
11/15/2047
75‌
60‌
4.10%,
03/25/2061
60‌
46‌
4.20%,
09/27/2029
135‌
132‌
4.30%,
07/08/2034
75‌
71‌
4.38%,
05/15/2055
150‌
124‌
4.50%,
07/08/2044
50‌
44‌
4.65%,
05/06/2030
530‌
529‌
4.70%,
09/27/2034
290‌
282‌
5.38%,
09/27/2054
135‌
131‌
5.50%,
09/27/2064
135‌
131‌
5.55%,
02/06/2053
305‌
305‌
6.13%,
07/08/2039
60‌
65‌
6.15%,
11/09/2029
180‌
191‌
6.25%,
11/09/2032
360‌
390‌
6.90%,
11/09/2052
360‌
423‌
Roper
Technologies
Inc
1.40%,
09/15/2027
860‌
791‌
2.95%,
09/15/2029
400‌
369‌
4.75%,
02/15/2032
80‌
79‌
4.90%,
10/15/2034
80‌
79‌
Salesforce
Inc
1.95%,
07/15/2031
60‌
51‌
2.70%,
07/15/2041
265‌
195‌
2.90%,
07/15/2051
400‌
270‌
Take-Two
Interactive
Software
Inc
4.95%,
03/28/2028
160‌
161‌
VMware
LLC
1.40%,
08/15/2026
680‌
642‌
1.80%,
08/15/2028
685‌
619‌
2.20%,
08/15/2031
115‌
97‌
$
14,881‌
Sovereign
-
1
.45
%
Canada
Government
International
Bond
0.75%,
05/19/2026
315‌
299‌
3.75%,
04/26/2028
505‌
499‌
4.63%,
04/30/2029
250‌
255‌
Chile
Government
International
Bond
2.45%,
01/31/2031
300‌
262‌
2.55%,
01/27/2032
400‌
344‌
2.75%,
01/31/2027
500‌
478‌
3.10%,
05/07/2041
400‌
300‌
3.24%,
02/06/2028
300‌
286‌
3.50%,
04/15/2053
200‌
145‌
3.86%,
06/21/2047
200‌
158‌
4.00%,
01/31/2052
200‌
158‌
4.95%,
01/05/2036
315‌
308‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Sovereign
(continued)
Export
Development
Canada
3.75%,
09/07/2027
$
265‌
$
262‌
3.88%,
02/14/2028
315‌
312‌
4.13%,
02/13/2029
265‌
264‌
4.38%,
06/29/2026
475‌
475‌
4.75%,
06/05/2034
250‌
258‌
Export-Import
Bank
of
Korea
1.38%,
02/09/2031
200‌
165‌
2.63%,
05/26/2026
700‌
681‌
4.00%,
09/11/2029
265‌
260‌
4.25%,
09/15/2027
200‌
199‌
4.50%,
09/15/2032
200‌
198‌
4.88%,
01/11/2026
310‌
311‌
5.13%,
09/18/2028
200‌
205‌
Indonesia
Government
International
Bond
2.15%,
07/28/2031
200‌
168‌
2.85%,
02/14/2030
200‌
181‌
3.05%,
03/12/2051
200‌
137‌
3.50%,
01/11/2028
500‌
480‌
3.70%,
10/30/2049
200‌
156‌
4.20%,
10/15/2050
400‌
338‌
4.35%,
01/11/2048
200‌
175‌
4.55%,
01/11/2028
200‌
199‌
4.65%,
09/20/2032
200‌
195‌
4.75%,
02/11/2029
300‌
299‌
4.75%,
09/10/2034
200‌
195‌
5.15%,
09/10/2054
200‌
193‌
5.65%,
01/11/2053
200‌
206‌
Israel
Government
International
Bond
3.88%,
07/03/2050
200‌
146‌
4.13%,
01/17/2048
200‌
156‌
4.50%,
01/17/2033
200‌
188‌
4.50%,
01/30/2043
200‌
171‌
5.50%,
03/12/2034
200‌
200‌
5.75%,
03/12/2054
200‌
191‌
Japan
Bank
for
International
Cooperation
1.25%,
01/21/2031
200‌
166‌
1.88%,
07/21/2026
264‌
253‌
2.13%,
02/16/2029
200‌
183‌
2.25%,
11/04/2026
400‌
384‌
2.75%,
01/21/2026
400‌
392‌
2.88%,
07/21/2027
330‌
318‌
4.25%,
04/27/2026
240‌
239‌
4.63%,
07/22/2027
230‌
231‌
4.63%,
07/19/2028
200‌
202‌
4.63%,
04/17/2034
200‌
203‌
4.88%,
10/18/2028
300‌
306‌
Japan
International
Cooperation
Agency
4.75%,
05/21/2029
400‌
406‌
Korea
International
Bond
1.00%,
09/16/2030
200‌
167‌
3.88%,
09/20/2048
250‌
217‌
Mexico
Government
International
Bond
2.66%,
05/24/2031
500‌
416‌
3.25%,
04/16/2030
200‌
178‌
3.50%,
02/12/2034
400‌
328‌
3.75%,
01/11/2028
225‌
216‌
3.75%,
04/19/2071
200‌
119‌
4.13%,
01/21/2026
300‌
297‌
4.50%,
04/22/2029
400‌
387‌
4.60%,
01/23/2046
200‌
153‌
4.60%,
02/10/2048
300‌
228‌
4.75%,
03/08/2044
500‌
399‌
5.55%,
01/21/2045
360‌
325‌
5.75%,
10/12/2110
100‌
81‌
6.05%,
01/11/2040
700‌
674‌
6.34%,
05/04/2053
500‌
466‌
6.35%,
02/09/2035
200‌
202‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
29
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Sovereign
(continued)
Mexico
Government
International
Bond
(continued)
6.40%,
05/07/2054
$
275‌
$
259‌
6.75%,
09/27/2034
350‌
366‌
Panama
Government
International
Bond
2.25%,
09/29/2032
200‌
148‌
3.16%,
01/23/2030
600‌
518‌
3.30%,
01/19/2033
500‌
398‌
3.88%,
03/17/2028
300‌
282‌
4.30%,
04/29/2053
200‌
129‌
4.50%,
04/16/2050
200‌
134‌
6.70%,
01/26/2036
600‌
592‌
6.85%,
03/28/2054
200‌
184‌
Peruvian
Government
International
Bond
1.86%,
12/01/2032
60‌
47‌
2.78%,
01/23/2031
545‌
473‌
2.78%,
12/01/2060
60‌
34‌
3.30%,
03/11/2041
300‌
227‌
3.55%,
03/10/2051
(a)
60‌
43‌
5.63%,
11/18/2050
150‌
147‌
5.88%,
08/08/2054
330‌
330‌
6.55%,
03/14/2037
400‌
432‌
8.75%,
11/21/2033
180‌
219‌
Philippine
Government
International
Bond
2.65%,
12/10/2045
400‌
267‌
3.00%,
02/01/2028
300‌
284‌
3.20%,
07/06/2046
200‌
146‌
3.70%,
03/01/2041
400‌
332‌
3.70%,
02/02/2042
250‌
205‌
4.75%,
03/05/2035
265‌
259‌
5.00%,
07/17/2033
200‌
200‌
5.17%,
10/13/2027
500‌
505‌
5.50%,
01/17/2048
200‌
204‌
5.60%,
05/14/2049
200‌
206‌
5.61%,
04/13/2033
250‌
260‌
7.75%,
01/14/2031
190‌
219‌
Republic
of
Italy
Government
International
Bond
1.25%,
02/17/2026
250‌
240‌
2.88%,
10/17/2029
300‌
274‌
3.88%,
05/06/2051
400‌
285‌
5.38%,
06/15/2033
205‌
205‌
Republic
of
Poland
Government
International
Bond
4.88%,
10/04/2033
320‌
315‌
5.13%,
09/18/2034
250‌
249‌
5.50%,
03/18/2054
375‌
364‌
State
of
Israel
2.50%,
01/15/2030
200‌
175‌
3.38%,
01/15/2050
200‌
135‌
Svensk
Exportkredit
AB
3.75%,
09/13/2027
265‌
261‌
4.13%,
06/14/2028
320‌
318‌
4.38%,
02/13/2026
315‌
314‌
4.88%,
09/14/2026
320‌
323‌
Tennessee
Valley
Authority
3.50%,
12/15/2042
200‌
170‌
3.88%,
03/15/2028
525‌
520‌
4.25%,
09/15/2065
115‌
101‌
5.25%,
09/15/2039
250‌
263‌
5.38%,
04/01/2056
196‌
212‌
5.88%,
04/01/2036
325‌
365‌
Uruguay
Government
International
Bond
4.13%,
11/20/2045
136‌
119‌
4.98%,
04/20/2055
100‌
92‌
5.10%,
06/18/2050
300‌
287‌
5.75%,
10/28/2034
155‌
162‌
7.63%,
03/21/2036
500‌
600‌
$
33,590‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Supranational
Bank
-
1
.17
%
African
Development
Bank
0.88%,
03/23/2026
$
705‌
$
673‌
0.88%,
07/22/2026
115‌
109‌
3.50%,
09/18/2029
265‌
257‌
4.13%,
02/25/2027
135‌
135‌
4.38%,
03/14/2028
320‌
322‌
4.63%,
01/04/2027
190‌
192‌
Asian
Development
Bank
0.50%,
02/04/2026
400‌
383‌
1.00%,
04/14/2026
865‌
827‌
1.50%,
01/20/2027
125‌
118‌
1.50%,
03/04/2031
115‌
98‌
1.75%,
09/19/2029
300‌
269‌
1.88%,
03/15/2029
135‌
123‌
2.75%,
01/19/2028
130‌
124‌
3.13%,
08/20/2027
250‌
243‌
3.13%,
04/27/2032
135‌
126‌
3.63%,
08/28/2029
395‌
386‌
3.75%,
04/25/2028
320‌
316‌
3.88%,
09/28/2032
450‌
439‌
3.88%,
06/14/2033
320‌
310‌
4.00%,
01/12/2033
160‌
157‌
4.13%,
01/12/2027
275‌
275‌
4.25%,
01/09/2026
310‌
309‌
4.38%,
03/06/2029
250‌
252‌
4.50%,
08/25/2028
380‌
384‌
5.82%,
06/16/2028
39‌
41‌
Asian
Infrastructure
Investment
Bank/The
3.75%,
09/14/2027
255‌
252‌
4.13%,
01/18/2029
270‌
270‌
4.88%,
09/14/2026
320‌
323‌
Council
Of
Europe
Development
Bank
3.63%,
01/26/2028
315‌
310‌
3.75%,
05/25/2026
315‌
312‌
4.63%,
06/11/2027
125‌
126‌
European
Bank
for
Reconstruction
&
Development
0.50%,
01/28/2026
515‌
492‌
4.13%,
01/25/2029
135‌
135‌
4.38%,
03/09/2028
255‌
256‌
European
Investment
Bank
0.75%,
10/26/2026
660‌
618‌
1.25%,
02/14/2031
255‌
214‌
1.63%,
05/13/2031
60‌
51‌
3.63%,
07/15/2030
320‌
311‌
3.75%,
11/15/2029
510‌
500‌
3.75%,
02/14/2033
615‌
597‌
3.88%,
03/15/2028
250‌
248‌
4.00%,
02/15/2029
1,100‌
1,094‌
4.13%,
02/13/2034
265‌
262‌
4.38%,
03/19/2027
375‌
377‌
4.38%,
10/10/2031
250‌
252‌
4.75%,
06/15/2029
250‌
256‌
Inter-American
Development
Bank
0.88%,
04/20/2026
900‌
859‌
1.13%,
07/20/2028
515‌
462‌
1.13%,
01/13/2031
420‌
351‌
1.50%,
01/13/2027
425‌
402‌
3.13%,
09/18/2028
300‌
289‌
3.50%,
04/12/2033
320‌
303‌
4.00%,
01/12/2028
310‌
308‌
4.13%,
02/15/2029
265‌
265‌
4.38%,
02/01/2027
275‌
276‌
4.38%,
07/17/2034
250‌
251‌
4.38%,
01/24/2044
50‌
48‌
4.50%,
05/15/2026
315‌
316‌
4.50%,
09/13/2033
320‌
325‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
30
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Supranational
Bank
(continued)
International
Bank
for
Reconstruction
&
Development
0.75%,
08/26/2030
$
515‌
$
425‌
0.88%,
07/15/2026
325‌
308‌
1.25%,
02/10/2031
615‌
516‌
1.38%,
04/20/2028
365‌
333‌
1.63%,
11/03/2031
495‌
418‌
1.75%,
10/23/2029
950‌
851‌
2.50%,
03/29/2032
620‌
553‌
3.13%,
06/15/2027
500‌
488‌
3.50%,
07/12/2028
480‌
469‌
3.88%,
10/16/2029
270‌
266‌
3.88%,
02/14/2030
315‌
310‌
3.88%,
08/28/2034
130‌
126‌
4.00%,
08/27/2026
135‌
134‌
4.00%,
07/25/2030
435‌
431‌
4.00%,
01/10/2031
275‌
272‌
4.50%,
04/10/2031
375‌
381‌
4.63%,
08/01/2028
480‌
487‌
4.75%,
04/10/2026
375‌
377‌
4.75%,
11/14/2033
280‌
290‌
International
Finance
Corp
4.25%,
07/02/2029
250‌
251‌
4.38%,
01/15/2027
395‌
396‌
Nordic
Investment
Bank
0.50%,
01/21/2026
200‌
191‌
4.25%,
02/28/2029
200‌
201‌
$
27,053‌
Telecommunications
-
0
.97
%
America
Movil
SAB
de
CV
2.88%,
05/07/2030
600‌
543‌
3.63%,
04/22/2029
400‌
380‌
4.38%,
04/22/2049
200‌
174‌
6.13%,
03/30/2040
380‌
405‌
AT&T
Inc
1.65%,
02/01/2028
200‌
183‌
1.70%,
03/25/2026
340‌
327‌
2.25%,
02/01/2032
145‌
122‌
2.30%,
06/01/2027
750‌
709‌
3.10%,
02/01/2043
145‌
109‌
3.50%,
06/01/2041
640‌
512‌
3.50%,
09/15/2053
627‌
448‌
3.55%,
09/15/2055
815‌
579‌
3.65%,
06/01/2051
355‌
263‌
3.65%,
09/15/2059
999‌
707‌
4.35%,
03/01/2029
500‌
495‌
4.35%,
06/15/2045
300‌
256‌
4.50%,
05/15/2035
700‌
665‌
4.50%,
03/09/2048
500‌
435‌
5.40%,
02/15/2034
320‌
329‌
Bell
Telephone
Co
of
Canada
or
Bell
Canada
3.65%,
03/17/2051
60‌
44‌
5.20%,
02/15/2034
130‌
130‌
Cisco
Systems
Inc
4.80%,
02/26/2027
265‌
267‌
4.85%,
02/26/2029
265‌
269‌
5.05%,
02/26/2034
265‌
270‌
5.30%,
02/26/2054
265‌
272‌
5.50%,
01/15/2040
135‌
141‌
5.90%,
02/15/2039
170‌
185‌
Juniper
Networks
Inc
2.00%,
12/10/2030
55‌
46‌
Orange
SA
5.38%,
01/13/2042
30‌
30‌
Rogers
Communications
Inc
3.20%,
03/15/2027
130‌
126‌
3.70%,
11/15/2049
90‌
67‌
3.80%,
03/15/2032
65‌
60‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Telecommunications
(continued)
Rogers
Communications
Inc
(continued)
5.00%,
02/15/2029
$
130‌
$
131‌
5.00%,
03/15/2044
75‌
70‌
7.50%,
08/15/2038
250‌
293‌
Sprint
Capital
Corp
6.88%,
11/15/2028
320‌
344‌
Telefonica
Emisiones
SA
4.10%,
03/08/2027
325‌
321‌
5.21%,
03/08/2047
550‌
510‌
7.05%,
06/20/2036
305‌
344‌
T-Mobile
USA
Inc
1.50%,
02/15/2026
155‌
149‌
2.05%,
02/15/2028
190‌
175‌
2.25%,
11/15/2031
150‌
127‌
2.40%,
03/15/2029
25‌
23‌
2.55%,
02/15/2031
600‌
524‌
3.00%,
02/15/2041
150‌
112‌
3.30%,
02/15/2051
250‌
176‌
3.38%,
04/15/2029
265‌
250‌
3.40%,
10/15/2052
235‌
167‌
3.75%,
04/15/2027
315‌
309‌
3.88%,
04/15/2030
600‌
573‌
4.20%,
10/01/2029
135‌
132‌
4.38%,
04/15/2040
155‌
140‌
4.80%,
07/15/2028
160‌
160‌
4.95%,
03/15/2028
95‌
96‌
5.05%,
07/15/2033
160‌
160‌
5.15%,
04/15/2034
135‌
136‌
5.20%,
01/15/2033
160‌
162‌
5.25%,
06/15/2055
135‌
130‌
5.50%,
01/15/2055
135‌
135‌
5.65%,
01/15/2053
135‌
138‌
5.75%,
01/15/2034
160‌
168‌
5.75%,
01/15/2054
160‌
165‌
6.00%,
06/15/2054
160‌
171‌
Verizon
Communications
Inc
1.50%,
09/18/2030
180‌
151‌
1.75%,
01/20/2031
135‌
113‌
2.10%,
03/22/2028
175‌
161‌
2.36%,
03/15/2032
65‌
55‌
2.55%,
03/21/2031
315‌
275‌
2.65%,
11/20/2040
750‌
535‌
2.88%,
11/20/2050
505‌
329‌
2.99%,
10/30/2056
89‌
56‌
3.00%,
11/20/2060
65‌
40‌
3.40%,
03/22/2041
715‌
564‌
3.55%,
03/22/2051
815‌
606‌
3.70%,
03/22/2061
480‌
348‌
3.85%,
11/01/2042
90‌
74‌
4.02%,
12/03/2029
400‌
388‌
4.13%,
03/16/2027
600‌
594‌
4.33%,
09/21/2028
60‌
59‌
4.40%,
11/01/2034
300‌
286‌
4.50%,
08/10/2033
300‌
290‌
4.67%,
03/15/2055
345‌
308‌
4.81%,
03/15/2039
75‌
72‌
4.86%,
08/21/2046
300‌
280‌
Vodafone
Group
PLC
4.25%,
09/17/2050
250‌
202‌
5.63%,
02/10/2053
160‌
159‌
5.75%,
06/28/2054
130‌
130‌
5.88%,
06/28/2064
130‌
130‌
6.15%,
02/27/2037
86‌
93‌
$
22,337‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
31
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Transportation
-
0
.46
%
Burlington
Northern
Santa
Fe
LLC
3.05%,
02/15/2051
$
600‌
$
415‌
3.55%,
02/15/2050
155‌
119‌
4.15%,
04/01/2045
200‌
172‌
4.40%,
03/15/2042
30‌
27‌
4.45%,
01/15/2053
40‌
35‌
5.20%,
04/15/2054
160‌
160‌
5.40%,
06/01/2041
360‌
367‌
5.50%,
03/15/2055
130‌
135‌
Canadian
National
Railway
Co
4.38%,
09/18/2034
305‌
294‌
Canadian
Pacific
Railway
Co
1.75%,
12/02/2026
145‌
137‌
3.10%,
12/02/2051
450‌
311‌
6.13%,
09/15/2115
75‌
80‌
CSX
Corp
2.40%,
02/15/2030
60‌
54‌
3.35%,
09/15/2049
60‌
44‌
3.80%,
03/01/2028
75‌
73‌
3.80%,
04/15/2050
700‌
559‌
4.30%,
03/01/2048
200‌
173‌
4.50%,
11/15/2052
160‌
143‌
4.90%,
03/15/2055
135‌
127‌
5.20%,
11/15/2033
160‌
164‌
FedEx
Corp
3.10%,
08/05/2029
800‌
749‌
3.88%,
08/01/2042
30‌
24‌
4.55%,
04/01/2046
420‌
365‌
5.10%,
01/15/2044
295‌
281‌
Norfolk
Southern
Corp
2.30%,
05/15/2031
60‌
52‌
2.55%,
11/01/2029
150‌
136‌
2.90%,
08/25/2051
60‌
39‌
3.94%,
11/01/2047
192‌
156‌
4.05%,
08/15/2052
200‌
162‌
4.45%,
03/01/2033
160‌
156‌
4.55%,
06/01/2053
455‌
401‌
4.84%,
10/01/2041
180‌
171‌
5.35%,
08/01/2054
125‌
125‌
Ryder
System
Inc
2.90%,
12/01/2026
150‌
145‌
4.30%,
06/15/2027
20‌
20‌
4.95%,
09/01/2029
290‌
292‌
Union
Pacific
Corp
2.38%,
05/20/2031
710‌
623‌
2.80%,
02/14/2032
110‌
98‌
2.89%,
04/06/2036
140‌
117‌
2.97%,
09/16/2062
90‌
56‌
3.20%,
05/20/2041
60‌
47‌
3.38%,
02/14/2042
65‌
52‌
3.80%,
10/01/2051
310‌
245‌
3.80%,
04/06/2071
590‌
432‌
3.84%,
03/20/2060
220‌
168‌
4.00%,
04/15/2047
250‌
208‌
4.50%,
01/20/2033
130‌
128‌
4.95%,
09/09/2052
130‌
127‌
United
Parcel
Service
Inc
2.50%,
09/01/2029
125‌
114‌
3.40%,
09/01/2049
180‌
134‌
4.88%,
03/03/2033
410‌
413‌
4.88%,
11/15/2040
30‌
29‌
5.05%,
03/03/2053
410‌
397‌
5.15%,
05/22/2034
130‌
133‌
5.50%,
05/22/2054
130‌
134‌
$
10,518‌
Trucking
&
Leasing
-
0
.00
%
GATX
Corp
1.90%,
06/01/2031
115‌
95‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Water
-
0
.04
%
American
Water
Capital
Corp
2.30%,
06/01/2031
$
60‌
$
52‌
3.25%,
06/01/2051
300‌
213‌
3.75%,
09/01/2047
340‌
267‌
4.45%,
06/01/2032
130‌
127‌
6.59%,
10/15/2037
13‌
15‌
Essential
Utilities
Inc
2.40%,
05/01/2031
60‌
52‌
5.30%,
05/01/2052
65‌
62‌
5.38%,
01/15/2034
135‌
137‌
$
925‌
TOTAL
BONDS
$
625,942‌
MUNICIPAL
BONDS
-
0
.14
%
Principal
Amount
(000's)
Value
(000's)
California
-
0
.04
%
Bay
Area
Toll
Authority
6.26%,
04/01/2049
$
175‌
$
194‌
6.91%,
10/01/2050
125‌
150‌
California
State
University
2.98%,
11/01/2051
155‌
112‌
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
112‌
7.30%,
10/01/2039
300‌
353‌
$
964‌
Georgia
-
0
.01
%
Municipal
Electric
Authority
of
Georgia
6.64%,
04/01/2057
147‌
165‌
Illinois
-
0
.04
%
Chicago
Transit
Authority
Sales
&
Transfer
Tax
Receipts
Revenue
6.90%,
12/01/2040
286‌
325‌
Chicago
Transit
Authority
Sales
Tax
Receipts
Fund
6.20%,
12/01/2040
30‌
32‌
State
of
Illinois
5.10%,
06/01/2033
659‌
662‌
$
1,019‌
New
Jersey
-
0
.02
%
New
Jersey
Economic
Development
Authority
(credit
support
from
National
Public
Finance
Guarantee
Corp
)
7.43%,
02/15/2029
(j)
250‌
266‌
New
Jersey
Transportation
Trust
Fund
Authority
6.56%,
12/15/2040
146‌
163‌
$
429‌
New
York
-
0
.01
%
Port
Authority
of
New
York
&
New
Jersey
4.46%,
10/01/2062
250‌
226‌
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
29‌
State
of
Texas
4.68%,
04/01/2040
160‌
153‌
$
182‌
Wisconsin
-
0
.01
%
State
of
Wisconsin
(credit
support
from
Assured
Guaranty
Municipal
Corp
)
5.70%,
05/01/2026
(j)
150‌
151‌
TOTAL
MUNICIPAL
BONDS
$
3,184‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
32
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
-
70
.34
%
Principal
Amount
(000's)
Value
(000's)
Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
-
0
.32
%
2.00%,
09/01/2031
$
52‌
$
48‌
2.00%,
12/01/2031
62‌
58‌
2.50%,
01/01/2031
110‌
105‌
2.50%,
02/01/2031
111‌
105‌
2.50%,
12/01/2031
193‌
184‌
2.50%,
01/01/2032
208‌
197‌
2.50%,
03/01/2032
64‌
61‌
2.50%,
11/01/2036
44‌
40‌
3.00%,
11/01/2028
66‌
64‌
3.00%,
04/01/2029
60‌
58‌
3.00%,
09/01/2029
58‌
56‌
3.00%,
10/01/2029
88‌
85‌
3.00%,
11/01/2029
41‌
40‌
3.00%,
01/01/2030
37‌
36‌
3.00%,
11/01/2030
41‌
39‌
3.00%,
03/01/2031
25‌
24‌
3.00%,
05/01/2032
128‌
122‌
3.00%,
03/01/2033
51‌
49‌
3.00%,
04/01/2033
20‌
19‌
3.00%,
09/01/2036
66‌
61‌
3.00%,
09/01/2036
37‌
34‌
3.00%,
02/01/2037
70‌
65‌
3.00%,
10/01/2042
149‌
135‌
3.00%,
11/01/2042
246‌
223‌
3.00%,
02/01/2043
234‌
212‌
3.00%,
08/01/2043
352‌
319‌
3.00%,
08/01/2043
296‌
268‌
3.00%,
09/01/2043
63‌
57‌
3.00%,
10/01/2043
49‌
45‌
3.00%,
01/01/2045
55‌
49‌
3.00%,
06/01/2046
108‌
97‌
3.00%,
10/01/2046
74‌
66‌
3.00%,
02/01/2047
123‌
110‌
3.50%,
12/01/2031
79‌
77‌
3.50%,
05/01/2034
29‌
28‌
3.50%,
11/01/2034
36‌
34‌
3.50%,
01/01/2035
78‌
75‌
3.50%,
04/01/2037
29‌
27‌
3.50%,
06/01/2042
191‌
178‌
3.50%,
02/01/2045
38‌
36‌
3.50%,
03/01/2045
104‌
96‌
3.50%,
06/01/2045
108‌
100‌
3.50%,
06/01/2046
132‌
122‌
4.00%,
12/01/2030
7‌
7‌
4.00%,
11/01/2033
54‌
53‌
4.00%,
07/01/2034
37‌
37‌
4.00%,
04/01/2038
72‌
70‌
4.00%,
12/01/2040
83‌
80‌
4.00%,
02/01/2044
70‌
67‌
4.00%,
04/01/2044
77‌
74‌
4.00%,
07/01/2044
98‌
94‌
4.00%,
09/01/2044
34‌
32‌
4.00%,
11/01/2044
119‌
113‌
4.00%,
01/01/2045
105‌
100‌
4.00%,
08/01/2045
146‌
139‌
4.00%,
12/01/2045
24‌
23‌
4.00%,
02/01/2046
39‌
37‌
4.00%,
05/01/2046
86‌
82‌
4.50%,
10/01/2030
29‌
29‌
4.50%,
05/01/2031
4‌
4‌
4.50%,
05/01/2049
1,805‌
1,759‌
5.50%,
06/01/2034
40‌
41‌
5.50%,
07/01/2038
49‌
50‌
5.50%,
07/01/2038
40‌
40‌
5.50%,
12/01/2038
84‌
86‌
5.50%,
10/01/2039
138‌
141‌
5.50%,
06/01/2041
53‌
54‌
6.00%,
04/01/2038
234‌
243‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
(continued)
6.00%,
11/01/2038
$
51‌
$
53‌
$
7,412‌
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
-
19
.81
%
1.50%,
12/01/2035
1,965‌
1,727‌
1.50%,
03/01/2036
1,128‌
989‌
1.50%,
05/01/2036
4,041‌
3,546‌
1.50%,
05/01/2036
1,254‌
1,103‌
1.50%,
11/01/2036
897‌
787‌
1.50%,
12/01/2036
2,157‌
1,883‌
1.50%,
01/01/2037
740‌
646‌
1.50%,
11/01/2050
771‌
592‌
1.50%,
01/01/2051
3,566‌
2,727‌
1.50%,
06/01/2051
1,668‌
1,277‌
2.00%,
09/01/2029
92‌
88‌
2.00%,
05/01/2030
38‌
36‌
2.00%,
12/01/2031
84‌
78‌
2.00%,
02/01/2032
56‌
52‌
2.00%,
02/01/2036
3,064‌
2,769‌
2.00%,
02/01/2036
1,373‌
1,236‌
2.00%,
03/01/2036
2,463‌
2,225‌
2.00%,
04/01/2036
4,469‌
4,061‌
2.00%,
05/01/2036
883‌
796‌
2.00%,
02/01/2037
6,254‌
5,627‌
2.00%,
11/01/2041
6,151‌
5,218‌
2.00%,
05/01/2042
2,614‌
2,213‌
2.00%,
12/01/2050
14,072‌
11,375‌
2.00%,
02/01/2051
9,967‌
8,038‌
2.00%,
02/01/2051
1,730‌
1,397‌
2.00%,
02/01/2051
7,340‌
5,937‌
2.00%,
02/01/2051
2,075‌
1,688‌
2.00%,
04/01/2051
11,279‌
9,191‌
2.00%,
04/01/2051
2,187‌
1,785‌
2.00%,
04/01/2051
5,004‌
4,078‌
2.00%,
04/01/2051
7,498‌
6,093‌
2.00%,
06/01/2051
1,907‌
1,539‌
2.00%,
07/01/2051
7,979‌
6,431‌
2.00%,
09/01/2051
2,779‌
2,237‌
2.00%,
10/01/2051
2,334‌
1,903‌
2.00%,
10/01/2051
3,819‌
3,091‌
2.00%,
11/01/2051
1,610‌
1,312‌
2.00%,
11/01/2051
1,752‌
1,411‌
2.00%,
12/01/2051
2,837‌
2,305‌
2.00%,
12/01/2051
3,189‌
2,582‌
2.00%,
12/01/2051
2,607‌
2,118‌
2.00%,
01/01/2052
11,176‌
9,106‌
2.00%,
01/01/2052
4,496‌
3,605‌
2.00%,
01/01/2052
2,042‌
1,659‌
2.00%,
03/01/2052
4,550‌
3,692‌
2.00%,
04/01/2052
1,230‌
1,003‌
2.00%,
04/01/2052
2,052‌
1,677‌
2.00%,
04/01/2052
10,289‌
8,359‌
2.50%,
01/01/2028
29‌
28‌
2.50%,
11/01/2028
95‌
91‌
2.50%,
09/01/2029
63‌
60‌
2.50%,
05/01/2030
87‌
83‌
2.50%,
08/01/2030
113‌
108‌
2.50%,
03/01/2031
90‌
85‌
2.50%,
11/01/2031
206‌
195‌
2.50%,
12/01/2031
38‌
36‌
2.50%,
01/01/2032
57‌
54‌
2.50%,
03/01/2032
69‌
65‌
2.50%,
07/01/2033
6‌
6‌
2.50%,
02/01/2035
962‌
895‌
2.50%,
06/01/2035
2,097‌
1,945‌
2.50%,
10/01/2036
19‌
17‌
2.50%,
10/01/2036
45‌
41‌
2.50%,
12/01/2036
57‌
52‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
33
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)
2.50%,
01/01/2037
$
3,690‌
$
3,406‌
2.50%,
04/01/2037
1,124‌
1,040‌
2.50%,
04/01/2042
4,097‌
3,574‌
2.50%,
01/01/2043
49‌
43‌
2.50%,
05/01/2043
76‌
66‌
2.50%,
10/01/2043
61‌
53‌
2.50%,
08/01/2046
40‌
34‌
2.50%,
12/01/2046
68‌
58‌
2.50%,
12/01/2046
106‌
91‌
2.50%,
08/01/2050
4,346‌
3,700‌
2.50%,
09/01/2050
1,362‌
1,156‌
2.50%,
10/01/2050
612‌
518‌
2.50%,
11/01/2050
589‌
501‌
2.50%,
02/01/2051
2,083‌
1,771‌
2.50%,
02/01/2051
5,706‌
4,883‌
2.50%,
07/01/2051
572‌
484‌
2.50%,
07/01/2051
7,660‌
6,494‌
2.50%,
07/01/2051
1,173‌
995‌
2.50%,
07/01/2051
812‌
686‌
2.50%,
08/01/2051
1,005‌
844‌
2.50%,
09/01/2051
1,712‌
1,448‌
2.50%,
11/01/2051
2,438‌
2,073‌
2.50%,
11/01/2051
5,560‌
4,729‌
2.50%,
02/01/2052
2,043‌
1,735‌
2.50%,
02/01/2052
1,171‌
993‌
2.50%,
02/01/2052
2,658‌
2,245‌
2.50%,
02/01/2052
10,599‌
9,000‌
2.50%,
02/01/2052
2,026‌
1,718‌
2.50%,
03/01/2052
2,101‌
1,778‌
2.50%,
03/01/2052
10,219‌
8,662‌
2.50%,
04/01/2052
9,877‌
8,357‌
2.50%,
04/01/2052
7,389‌
6,270‌
2.50%,
05/01/2052
2,918‌
2,485‌
3.00%,
04/01/2027
17‌
17‌
3.00%,
01/01/2029
23‌
22‌
3.00%,
02/01/2029
26‌
25‌
3.00%,
12/01/2029
21‌
20‌
3.00%,
12/01/2029
26‌
25‌
3.00%,
01/01/2030
114‌
111‌
3.00%,
01/01/2030
140‌
136‌
3.00%,
06/01/2030
74‌
71‌
3.00%,
09/01/2030
30‌
29‌
3.00%,
10/01/2030
130‌
125‌
3.00%,
11/01/2030
126‌
122‌
3.00%,
12/01/2030
25‌
24‌
3.00%,
03/01/2031
86‌
83‌
3.00%,
04/01/2031
28‌
27‌
3.00%,
09/01/2031
137‌
132‌
3.00%,
12/01/2031
58‌
55‌
3.00%,
01/01/2033
18‌
17‌
3.00%,
04/01/2033
18‌
17‌
3.00%,
08/01/2034
175‌
166‌
3.00%,
05/01/2035
189‌
178‌
3.00%,
05/01/2037
2,918‌
2,772‌
3.00%,
06/01/2040
371‌
340‌
3.00%,
04/01/2043
57‌
52‌
3.00%,
04/01/2043
213‌
193‌
3.00%,
04/01/2043
113‌
103‌
3.00%,
05/01/2043
52‌
47‌
3.00%,
05/01/2043
264‌
239‌
3.00%,
05/01/2043
84‌
76‌
3.00%,
07/01/2043
53‌
48‌
3.00%,
07/01/2043
266‌
240‌
3.00%,
08/01/2043
38‌
35‌
3.00%,
08/01/2043
285‌
257‌
3.00%,
10/01/2043
263‌
238‌
3.00%,
10/01/2043
161‌
145‌
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%,
11/01/2043
$
71‌
$
64‌
3.00%,
01/01/2045
362‌
328‌
3.00%,
05/01/2046
56‌
50‌
3.00%,
05/01/2046
49‌
44‌
3.00%,
10/01/2046
310‌
275‌
3.00%,
10/01/2049
1,501‌
1,334‌
3.00%,
11/01/2049
1,728‌
1,535‌
3.00%,
11/01/2049
1,295‌
1,150‌
3.00%,
03/01/2050
2,801‌
2,488‌
3.00%,
02/01/2052
2,073‌
1,841‌
3.00%,
03/01/2052
6,531‌
5,732‌
3.00%,
04/01/2052
1,771‌
1,569‌
3.00%,
05/01/2052
10,707‌
9,398‌
3.00%,
05/01/2052
2,825‌
2,497‌
3.00%,
05/01/2052
6,787‌
5,935‌
3.00%,
06/01/2052
7,216‌
6,353‌
3.50%,
12/01/2026
21‌
21‌
3.50%,
03/01/2029
52‌
51‌
3.50%,
09/01/2029
50‌
49‌
3.50%,
11/01/2030
46‌
45‌
3.50%,
04/01/2032
7‌
7‌
3.50%,
07/01/2032
6‌
6‌
3.50%,
09/01/2032
7‌
7‌
3.50%,
12/01/2032
883‌
858‌
3.50%,
10/01/2033
4‌
4‌
3.50%,
05/01/2034
24‌
23‌
3.50%,
06/01/2034
17‌
16‌
3.50%,
07/01/2034
103‌
99‌
3.50%,
10/01/2034
27‌
26‌
3.50%,
02/01/2036
30‌
29‌
3.50%,
02/01/2037
23‌
22‌
3.50%,
05/01/2037
32‌
31‌
3.50%,
05/01/2037
1,531‌
1,482‌
3.50%,
03/01/2041
12‌
11‌
3.50%,
03/01/2042
27‌
26‌
3.50%,
06/01/2042
163‌
152‌
3.50%,
07/01/2042
28‌
26‌
3.50%,
04/01/2043
216‌
201‌
3.50%,
05/01/2043
151‌
141‌
3.50%,
08/01/2043
158‌
147‌
3.50%,
01/01/2044
54‌
50‌
3.50%,
01/01/2044
673‌
628‌
3.50%,
10/01/2044
82‌
75‌
3.50%,
12/01/2044
146‌
135‌
3.50%,
11/01/2045
103‌
96‌
3.50%,
12/01/2045
129‌
119‌
3.50%,
12/01/2045
12‌
11‌
3.50%,
01/01/2046
162‌
150‌
3.50%,
03/01/2046
39‌
36‌
3.50%,
07/01/2046
140‌
129‌
3.50%,
12/01/2046
117‌
108‌
3.50%,
01/01/2048
763‌
703‌
3.50%,
11/01/2049
1,672‌
1,555‌
3.50%,
12/01/2049
1,240‌
1,148‌
3.50%,
01/01/2050
5,927‌
5,452‌
3.50%,
04/01/2052
4,748‌
4,353‌
3.50%,
05/01/2052
2,428‌
2,227‌
3.50%,
06/01/2052
1,346‌
1,223‌
3.50%,
07/01/2052
9,889‌
9,127‌
3.50%,
07/01/2052
874‌
793‌
3.50%,
08/01/2052
3,528‌
3,233‌
4.00%,
04/01/2029
2‌
2‌
4.00%,
12/01/2030
3‌
3‌
4.00%,
03/01/2031
1‌
1‌
4.00%,
03/01/2031
58‌
58‌
4.00%,
11/01/2031
5‌
5‌
4.00%,
11/01/2033
3‌
3‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
34
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)
4.00%,
11/01/2033
$
93‌
$
91‌
4.00%,
10/01/2034
55‌
54‌
4.00%,
02/01/2036
92‌
90‌
4.00%,
01/01/2037
29‌
29‌
4.00%,
10/01/2037
605‌
588‌
4.00%,
10/01/2037
42‌
41‌
4.00%,
03/01/2038
16‌
15‌
4.00%,
07/01/2038
58‌
56‌
4.00%,
12/01/2038
40‌
39‌
4.00%,
01/01/2039
53‌
52‌
4.00%,
01/01/2041
37‌
35‌
4.00%,
02/01/2041
12‌
12‌
4.00%,
12/01/2041
57‌
55‌
4.00%,
06/01/2042
92‌
88‌
4.00%,
06/01/2042
56‌
54‌
4.00%,
07/01/2042
291‌
280‌
4.00%,
12/01/2042
96‌
93‌
4.00%,
09/01/2044
44‌
42‌
4.00%,
11/01/2044
41‌
39‌
4.00%,
10/01/2049
1,543‌
1,460‌
4.00%,
11/01/2049
649‌
614‌
4.00%,
04/01/2050
1,264‌
1,196‌
4.00%,
05/01/2052
4,548‌
4,328‌
4.00%,
08/01/2052
2,865‌
2,682‌
4.00%,
08/01/2052
6,739‌
6,334‌
4.00%,
01/01/2053
5,468‌
5,177‌
4.00%,
05/01/2053
4,594‌
4,330‌
4.50%,
06/01/2029
5‌
5‌
4.50%,
07/01/2029
1‌
1‌
4.50%,
08/01/2030
3‌
3‌
4.50%,
01/01/2034
12‌
12‌
4.50%,
08/01/2052
1,024‌
988‌
4.50%,
08/01/2052
2,264‌
2,177‌
4.50%,
10/01/2052
5,035‌
4,875‌
4.50%,
05/01/2053
5,078‌
4,901‌
4.50%,
07/01/2053
5,710‌
5,538‌
5.00%,
08/01/2039
803‌
805‌
5.00%,
07/01/2052
2,556‌
2,530‌
5.00%,
08/01/2052
2,136‌
2,117‌
5.00%,
11/01/2052
4,249‌
4,184‌
5.00%,
04/01/2053
4,706‌
4,629‌
5.00%,
04/01/2053
1,780‌
1,763‌
5.00%,
05/01/2053
5,510‌
5,457‌
5.00%,
06/01/2053
2,680‌
2,651‌
5.00%,
10/01/2053
2,590‌
2,573‌
5.00%,
12/01/2054
(k)
2,075‌
2,036‌
5.50%,
12/01/2027
1‌
1‌
5.50%,
03/01/2038
49‌
50‌
5.50%,
05/01/2038
54‌
54‌
5.50%,
06/01/2038
74‌
76‌
5.50%,
09/01/2038
116‌
118‌
5.50%,
11/01/2038
64‌
66‌
5.50%,
04/01/2039
60‌
61‌
5.50%,
04/01/2040
46‌
46‌
5.50%,
03/01/2053
3,473‌
3,504‌
5.50%,
07/01/2053
6,252‌
6,386‌
5.50%,
07/01/2053
1,375‌
1,385‌
5.50%,
08/01/2053
5,842‌
5,868‌
5.50%,
08/01/2053
2,200‌
2,209‌
5.50%,
04/01/2054
3,336‌
3,362‌
5.50%,
08/01/2054
2,489‌
2,494‌
5.50%,
10/01/2054
3,984‌
4,015‌
5.50%,
12/01/2054
(k)
2,500‌
2,497‌
6.00%,
04/01/2026
1‌
1‌
6.00%,
10/01/2036
44‌
45‌
6.00%,
01/01/2053
4,964‌
5,112‌
6.00%,
05/01/2053
1,529‌
1,566‌
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)
6.00%,
10/01/2053
$
3,153‌
$
3,237‌
6.00%,
10/01/2053
2,696‌
2,743‌
6.00%,
11/01/2053
3,366‌
3,428‌
6.00%,
07/01/2054
2,896‌
2,957‌
6.00%,
09/01/2054
4,156‌
4,243‌
6.00%,
12/01/2054
(k)
3,145‌
3,182‌
6.50%,
01/01/2054
2,654‌
2,739‌
6.50%,
01/01/2054
2,992‌
3,103‌
6.50%,
02/01/2054
3,034‌
3,137‌
6.50%,
12/01/2054
(k)
4,500‌
4,607‌
$
458,033‌
Government
National
Mortgage
Association
(GNMA)
-
6
.28
%
2.00%,
08/20/2050
2,039‌
1,680‌
2.00%,
01/20/2051
2,525‌
2,075‌
2.00%,
02/20/2051
7,566‌
6,219‌
2.00%,
05/20/2051
5,754‌
4,731‌
2.00%,
07/20/2051
9,264‌
7,614‌
2.50%,
06/20/2027
21‌
20‌
2.50%,
12/20/2030
31‌
30‌
2.50%,
03/20/2031
55‌
52‌
2.50%,
07/20/2043
65‌
57‌
2.50%,
12/20/2046
156‌
136‌
2.50%,
01/20/2047
51‌
44‌
2.50%,
06/20/2050
2,387‌
2,049‌
2.50%,
04/20/2051
1,927‌
1,650‌
2.50%,
05/20/2051
8,022‌
6,862‌
2.50%,
07/20/2051
8,102‌
6,925‌
2.50%,
09/20/2051
8,144‌
6,961‌
3.00%,
02/15/2027
10‌
10‌
3.00%,
08/20/2029
19‌
19‌
3.00%,
09/20/2029
24‌
23‌
3.00%,
07/20/2030
21‌
20‌
3.00%,
01/20/2031
25‌
24‌
3.00%,
07/20/2032
29‌
28‌
3.00%,
03/20/2043
45‌
41‌
3.00%,
03/20/2043
214‌
191‌
3.00%,
04/20/2043
282‌
255‌
3.00%,
06/20/2043
250‌
226‌
3.00%,
08/20/2043
271‌
245‌
3.00%,
12/15/2044
26‌
23‌
3.00%,
01/15/2045
25‌
23‌
3.00%,
01/15/2045
22‌
20‌
3.00%,
02/20/2045
24‌
22‌
3.00%,
05/20/2045
155‌
139‌
3.00%,
06/20/2045
63‌
57‌
3.00%,
07/20/2045
463‌
416‌
3.00%,
12/20/2045
109‌
98‌
3.00%,
01/20/2046
48‌
43‌
3.00%,
03/20/2046
192‌
173‌
3.00%,
04/20/2046
420‌
378‌
3.00%,
05/20/2046
311‌
280‌
3.00%,
06/20/2046
302‌
271‌
3.00%,
07/20/2046
687‌
618‌
3.00%,
08/20/2046
286‌
257‌
3.00%,
09/20/2046
214‌
193‌
3.00%,
10/20/2046
163‌
146‌
3.00%,
12/15/2046
62‌
56‌
3.00%,
09/20/2051
7,503‌
6,657‌
3.00%,
12/20/2051
8,536‌
7,572‌
3.50%,
05/20/2042
67‌
62‌
3.50%,
06/20/2042
68‌
64‌
3.50%,
07/20/2042
267‌
249‌
3.50%,
09/20/2042
205‌
192‌
3.50%,
10/20/2042
148‌
139‌
3.50%,
11/20/2042
130‌
122‌
3.50%,
12/20/2042
136‌
127‌
3.50%,
01/20/2043
226‌
211‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
35
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Government
National
Mortgage
Association
(GNMA)
(continued)
3.50%,
02/20/2043
$
358‌
$
334‌
3.50%,
03/20/2043
241‌
225‌
3.50%,
04/15/2043
95‌
89‌
3.50%,
04/20/2043
160‌
147‌
3.50%,
05/20/2043
106‌
99‌
3.50%,
07/20/2043
137‌
128‌
3.50%,
08/20/2043
328‌
307‌
3.50%,
09/20/2043
236‌
221‌
3.50%,
10/20/2043
111‌
104‌
3.50%,
09/20/2044
89‌
83‌
3.50%,
10/20/2044
103‌
96‌
3.50%,
11/20/2044
98‌
91‌
3.50%,
12/20/2044
102‌
94‌
3.50%,
01/20/2045
98‌
91‌
3.50%,
02/20/2045
133‌
123‌
3.50%,
03/15/2045
24‌
23‌
3.50%,
03/20/2045
166‌
154‌
3.50%,
04/15/2045
9‌
8‌
3.50%,
04/20/2045
160‌
147‌
3.50%,
04/20/2045
99‌
92‌
3.50%,
05/20/2045
162‌
151‌
3.50%,
06/20/2045
25‌
23‌
3.50%,
07/20/2045
138‌
128‌
3.50%,
08/20/2045
152‌
141‌
3.50%,
09/20/2045
144‌
134‌
3.50%,
10/20/2045
130‌
121‌
3.50%,
11/20/2045
232‌
216‌
3.50%,
12/20/2045
170‌
157‌
3.50%,
02/20/2046
139‌
129‌
3.50%,
08/15/2046
27‌
25‌
3.50%,
09/15/2046
66‌
61‌
3.50%,
07/20/2047
3,134‌
2,898‌
3.50%,
01/15/2048
35‌
32‌
3.50%,
01/20/2048
1,797‌
1,660‌
3.50%,
02/20/2048
4,159‌
3,840‌
3.50%,
09/15/2048
79‌
74‌
3.50%,
04/20/2052
1,419‌
1,298‌
4.00%,
11/20/2043
188‌
181‌
4.00%,
02/20/2044
77‌
74‌
4.00%,
05/15/2044
67‌
64‌
4.00%,
05/20/2044
44‌
42‌
4.00%,
07/20/2044
13‌
12‌
4.00%,
08/20/2044
97‌
93‌
4.00%,
09/20/2044
87‌
84‌
4.00%,
10/20/2044
316‌
304‌
4.00%,
11/15/2044
41‌
40‌
4.00%,
11/20/2044
62‌
59‌
4.00%,
12/20/2044
117‌
112‌
4.00%,
01/20/2045
50‌
48‌
4.00%,
03/20/2045
77‌
74‌
4.00%,
08/20/2045
85‌
81‌
4.00%,
09/15/2045
10‌
9‌
4.00%,
09/20/2045
99‌
95‌
4.00%,
10/20/2045
126‌
121‌
4.00%,
11/20/2045
174‌
166‌
4.00%,
12/15/2045
28‌
27‌
4.00%,
01/20/2046
203‌
194‌
4.00%,
02/20/2046
32‌
31‌
4.00%,
04/20/2046
121‌
116‌
4.00%,
10/20/2046
34‌
33‌
4.00%,
11/20/2046
159‌
152‌
4.00%,
01/20/2047
9‌
9‌
4.00%,
02/20/2047
143‌
137‌
4.00%,
03/20/2047
98‌
93‌
4.00%,
05/20/2047
33‌
31‌
4.00%,
11/20/2047
215‌
205‌
4.00%,
05/20/2049
690‌
654‌
4.00%,
04/20/2052
7,562‌
7,120‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Government
National
Mortgage
Association
(GNMA)
(continued)
4.50%,
03/15/2039
$
72‌
$
71‌
4.50%,
03/15/2040
79‌
78‌
4.50%,
07/15/2040
92‌
91‌
4.50%,
02/20/2041
17‌
16‌
4.50%,
03/20/2041
12‌
12‌
4.50%,
05/15/2045
16‌
16‌
4.50%,
12/20/2046
115‌
113‌
4.50%,
10/15/2047
61‌
59‌
4.50%,
02/20/2049
2,650‌
2,591‌
4.50%,
08/20/2052
320‌
309‌
4.50%,
09/20/2052
6,558‌
6,340‌
4.50%,
12/20/2054
(k)
925‌
892‌
5.00%,
05/15/2033
66‌
66‌
5.00%,
07/20/2038
54‌
54‌
5.00%,
10/15/2038
93‌
95‌
5.00%,
04/20/2039
40‌
40‌
5.00%,
10/15/2041
78‌
78‌
5.00%,
01/20/2045
62‌
63‌
5.00%,
02/20/2046
24‌
24‌
5.00%,
12/20/2046
47‌
47‌
5.00%,
08/20/2048
15‌
15‌
5.00%,
10/20/2048
56‌
56‌
5.00%,
12/20/2052
948‌
936‌
5.00%,
01/20/2053
6,254‌
6,165‌
5.00%,
02/20/2053
1,442‌
1,424‌
5.00%,
04/20/2053
2,895‌
2,859‌
5.00%,
12/20/2054
(k)
2,050‌
2,020‌
5.50%,
03/15/2038
47‌
48‌
5.50%,
02/15/2039
41‌
42‌
5.50%,
06/15/2040
83‌
85‌
5.50%,
07/20/2044
48‌
49‌
5.50%,
09/20/2044
69‌
71‌
5.50%,
12/20/2048
8‌
8‌
5.50%,
03/20/2053
914‌
918‌
5.50%,
08/20/2053
879‌
881‌
5.50%,
12/20/2054
(k)
12,575‌
12,586‌
6.00%,
12/20/2054
(k)
9,075‌
9,166‌
6.50%,
12/20/2054
(k)
5,710‌
5,806‌
$
145,190‌
U.S.
Treasury
-
43
.93
%
0.38%,
12/31/2025
22,510‌
21,574‌
0.38%,
07/31/2027
6,345‌
5,750‌
0.38%,
09/30/2027
5,215‌
4,697‌
0.50%,
02/28/2026
5,870‌
5,602‌
0.50%,
04/30/2027
14,200‌
13,022‌
0.50%,
05/31/2027
4,955‌
4,530‌
0.50%,
06/30/2027
3,790‌
3,456‌
0.50%,
08/31/2027
7,780‌
7,054‌
0.50%,
10/31/2027
5,120‌
4,616‌
0.63%,
07/31/2026
6,055‌
5,707‌
0.63%,
03/31/2027
3,635‌
3,354‌
0.63%,
11/30/2027
7,625‌
6,881‌
0.63%,
12/31/2027
5,495‌
4,944‌
0.63%,
05/15/2030
21,605‌
17,955‌
0.63%,
08/15/2030
15,065‌
12,413‌
0.75%,
04/30/2026
5,060‌
4,817‌
0.75%,
08/31/2026
13,290‌
12,520‌
0.75%,
01/31/2028
10,210‌
9,195‌
0.88%,
06/30/2026
4,470‌
4,241‌
0.88%,
09/30/2026
6,920‌
6,517‌
0.88%,
11/15/2030
13,310‌
11,069‌
1.00%,
07/31/2028
8,595‌
7,691‌
1.13%,
10/31/2026
5,395‌
5,092‌
1.13%,
02/28/2027
605‌
566‌
1.13%,
02/29/2028
5,245‌
4,771‌
1.13%,
08/31/2028
7,015‌
6,291‌
1.13%,
02/15/2031
8,845‌
7,430‌
1.13%,
05/15/2040
3,250‌
2,064‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
36
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
U.S.
Treasury
(continued)
1.13%,
08/15/2040
$
3,885‌
$
2,446‌
1.25%,
11/30/2026
8,500‌
8,026‌
1.25%,
12/31/2026
9,625‌
9,070‌
1.25%,
03/31/2028
6,615‌
6,027‌
1.25%,
04/30/2028
10,140‌
9,217‌
1.25%,
05/31/2028
8,310‌
7,539‌
1.25%,
06/30/2028
9,680‌
8,762‌
1.25%,
09/30/2028
5,880‌
5,287‌
1.25%,
08/15/2031
10,095‌
8,403‌
1.25%,
05/15/2050
6,715‌
3,433‌
1.38%,
08/31/2026
4,375‌
4,167‌
1.38%,
10/31/2028
8,830‌
7,964‌
1.38%,
12/31/2028
7,435‌
6,678‌
1.38%,
11/15/2031
11,485‌
9,578‌
1.38%,
11/15/2040
3,990‌
2,605‌
1.38%,
08/15/2050
4,950‌
2,606‌
1.50%,
08/15/2026
4,500‌
4,300‌
1.50%,
01/31/2027
1,475‌
1,394‌
1.50%,
11/30/2028
6,840‌
6,186‌
1.50%,
02/15/2030
12,175‌
10,699‌
1.63%,
02/15/2026
2,808‌
2,721‌
1.63%,
05/15/2026
5,426‌
5,225‌
1.63%,
09/30/2026
495‌
473‌
1.63%,
10/31/2026
13,835‌
13,191‌
1.63%,
11/30/2026
2,925‌
2,783‌
1.63%,
08/15/2029
3,890‌
3,487‌
1.63%,
05/15/2031
11,030‌
9,478‌
1.63%,
11/15/2050
7,265‌
4,087‌
1.75%,
12/31/2026
2,055‌
1,957‌
1.75%,
01/31/2029
14,125‌
12,859‌
1.75%,
11/15/2029
2,360‌
2,118‌
1.75%,
08/15/2041
8,245‌
5,630‌
1.88%,
06/30/2026
3,625‌
3,496‌
1.88%,
07/31/2026
1,340‌
1,290‌
1.88%,
02/28/2027
7,160‌
6,811‌
1.88%,
02/28/2029
5,360‌
4,898‌
1.88%,
02/15/2032
10,485‌
9,010‌
1.88%,
02/15/2041
6,990‌
4,934‌
1.88%,
02/15/2051
6,040‌
3,624‌
1.88%,
11/15/2051
9,395‌
5,597‌
2.00%,
11/15/2026
3,845‌
3,689‌
2.00%,
11/15/2041
5,285‌
3,741‌
2.00%,
02/15/2050
3,950‌
2,459‌
2.00%,
08/15/2051
10,165‌
6,268‌
2.13%,
05/31/2026
4,130‌
4,003‌
2.25%,
03/31/2026
1,425‌
1,388‌
2.25%,
02/15/2027
5,635‌
5,410‌
2.25%,
08/15/2027
4,875‌
4,644‌
2.25%,
11/15/2027
6,555‌
6,216‌
2.25%,
05/15/2041
6,930‌
5,178‌
2.25%,
08/15/2046
4,160‌
2,848‌
2.25%,
08/15/2049
6,550‌
4,340‌
2.25%,
02/15/2052
6,160‌
4,024‌
2.38%,
04/30/2026
2,895‌
2,821‌
2.38%,
05/15/2027
4,230‌
4,057‌
2.38%,
03/31/2029
6,075‌
5,659‌
2.38%,
05/15/2029
6,050‌
5,631‌
2.38%,
02/15/2042
6,020‌
4,511‌
2.38%,
11/15/2049
3,305‌
2,248‌
2.38%,
05/15/2051
6,765‌
4,570‌
2.50%,
02/28/2026
945‌
925‌
2.50%,
03/31/2027
4,285‌
4,130‌
2.50%,
02/15/2045
2,650‌
1,940‌
2.50%,
02/15/2046
1,520‌
1,100‌
2.50%,
05/15/2046
1,125‌
811‌
2.63%,
12/31/2025
4,285‌
4,208‌
2.63%,
01/31/2026
7,320‌
7,180‌
2.63%,
05/31/2027
2,855‌
2,753‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
U.S.
Treasury
(continued)
2.63%,
02/15/2029
$
7,695‌
$
7,258‌
2.63%,
07/31/2029
2,255‌
2,115‌
2.75%,
04/30/2027
2,180‌
2,111‌
2.75%,
02/15/2028
2,955‌
2,835‌
2.75%,
05/31/2029
2,500‌
2,362‌
2.75%,
08/15/2032
11,730‌
10,647‌
2.75%,
08/15/2042
739‌
584‌
2.75%,
11/15/2042
1,090‌
857‌
2.75%,
11/15/2047
1,605‌
1,196‌
2.88%,
05/15/2028
3,870‌
3,715‌
2.88%,
08/15/2028
6,250‌
5,984‌
2.88%,
04/30/2029
4,605‌
4,377‌
2.88%,
05/15/2032
10,200‌
9,368‌
2.88%,
05/15/2043
2,880‌
2,296‌
2.88%,
11/15/2046
600‌
462‌
2.88%,
05/15/2049
4,490‌
3,393‌
2.88%,
05/15/2052
1,405‌
1,055‌
3.00%,
05/15/2042
1,705‌
1,405‌
3.00%,
11/15/2044
2,290‌
1,830‌
3.00%,
05/15/2045
1,340‌
1,068‌
3.00%,
11/15/2045
1,095‌
869‌
3.00%,
02/15/2047
3,175‌
2,490‌
3.00%,
05/15/2047
1,190‌
932‌
3.00%,
02/15/2048
3,415‌
2,660‌
3.00%,
08/15/2048
1,210‌
940‌
3.00%,
02/15/2049
3,190‌
2,473‌
3.00%,
08/15/2052
4,610‌
3,555‌
3.13%,
11/15/2028
6,035‌
5,820‌
3.13%,
08/31/2029
3,010‌
2,883‌
3.13%,
11/15/2041
7,350‌
6,227‌
3.13%,
02/15/2042
1,140‌
961‌
3.13%,
02/15/2043
815‌
677‌
3.13%,
08/15/2044
2,320‌
1,897‌
3.13%,
05/15/2048
1,030‌
820‌
3.25%,
06/30/2027
5,950‌
5,823‌
3.25%,
06/30/2029
4,380‌
4,224‌
3.25%,
05/15/2042
5,235‌
4,476‌
3.38%,
05/15/2033
6,975‌
6,578‌
3.38%,
08/15/2042
3,025‌
2,625‌
3.38%,
11/15/2048
6,675‌
5,542‌
3.50%,
01/31/2028
3,970‌
3,897‌
3.50%,
04/30/2028
3,820‌
3,745‌
3.50%,
01/31/2030
7,810‌
7,591‌
3.50%,
04/30/2030
3,395‌
3,296‌
3.50%,
02/15/2033
8,390‌
8,001‌
3.50%,
02/15/2039
1,130‌
1,037‌
3.63%,
03/31/2028
1,760‌
1,733‌
3.63%,
08/31/2029
2,540‌
2,489‌
3.63%,
03/31/2030
4,260‌
4,162‌
3.63%,
08/15/2043
2,410‌
2,146‌
3.63%,
02/15/2044
1,245‌
1,104‌
3.63%,
02/15/2053
2,325‌
2,026‌
3.63%,
05/15/2053
7,665‌
6,687‌
3.75%,
05/31/2030
2,265‌
2,224‌
3.75%,
06/30/2030
800‌
786‌
3.75%,
08/15/2041
2,175‌
2,011‌
3.75%,
11/15/2043
1,250‌
1,131‌
3.88%,
01/15/2026
7,750‌
7,713‌
3.88%,
11/30/2027
1,075‌
1,068‌
3.88%,
12/31/2027
5,365‌
5,328‌
3.88%,
09/30/2029
6,260‌
6,197‌
3.88%,
11/30/2029
2,300‌
2,276‌
3.88%,
08/15/2033
7,835‌
7,658‌
3.88%,
08/15/2034
7,675‌
7,478‌
3.88%,
08/15/2040
1,350‌
1,277‌
3.88%,
02/15/2043
2,125‌
1,970‌
3.88%,
05/15/2043
1,060‌
981‌
4.00%,
02/15/2026
8,715‌
8,683‌
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
37
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
U.S.
Treasury
(continued)
4.00%,
01/31/2029
$
2,680‌
$
2,668‌
4.00%,
07/31/2030
5,145‌
5,115‌
4.00%,
02/15/2034
10,120‌
9,967‌
4.00%,
11/15/2042
3,315‌
3,135‌
4.00%,
11/15/2052
8,410‌
7,841‌
4.13%,
09/30/2027
3,685‌
3,685‌
4.13%,
11/15/2027
1,000‌
1,000‌
4.13%,
10/31/2029
1,000‌
1,001‌
4.13%,
11/30/2029
(h)
10,715‌
10,738‌
4.13%,
10/31/2031
2,000‌
1,999‌
4.13%,
11/30/2031
(h)
4,145‌
4,144‌
4.13%,
11/15/2032
7,390‌
7,380‌
4.13%,
08/15/2053
3,930‌
3,749‌
4.25%,
03/15/2027
3,250‌
3,256‌
4.25%,
06/30/2029
5,900‌
5,935‌
4.25%,
02/28/2031
2,640‌
2,657‌
4.25%,
06/30/2031
4,620‌
4,651‌
4.25%,
05/15/2039
3,400‌
3,378‌
4.25%,
11/15/2040
1,088‌
1,075‌
4.25%,
02/15/2054
2,815‌
2,749‌
4.25%,
08/15/2054
3,015‌
2,949‌
4.38%,
07/31/2026
1,785‌
1,789‌
4.38%,
08/15/2026
1,610‌
1,614‌
4.38%,
05/15/2034
5,030‌
5,098‌
4.38%,
02/15/2038
495‌
502‌
4.38%,
11/15/2039
700‌
703‌
4.38%,
05/15/2040
1,495‌
1,501‌
4.38%,
05/15/2041
5,250‌
5,257‌
4.38%,
08/15/2043
1,645‌
1,627‌
4.50%,
03/31/2026
8,005‌
8,026‌
4.50%,
07/15/2026
16,330‌
16,394‌
4.50%,
11/15/2033
9,935‌
10,163‌
4.50%,
02/15/2036
1,630‌
1,686‌
4.50%,
05/15/2038
1,200‌
1,230‌
4.50%,
08/15/2039
730‌
744‌
4.50%,
02/15/2044
3,835‌
3,845‌
4.63%,
02/28/2026
7,510‌
7,537‌
4.63%,
03/15/2026
6,985‌
7,013‌
4.63%,
06/30/2026
5,225‌
5,254‌
4.63%,
06/15/2027
16,890‌
17,088‌
4.63%,
09/30/2028
6,215‌
6,324‌
4.63%,
04/30/2029
6,920‌
7,063‌
4.63%,
09/30/2030
1,460‌
1,498‌
4.63%,
04/30/2031
2,775‌
2,852‌
4.63%,
05/31/2031
5,890‌
6,053‌
4.63%,
02/15/2040
1,345‌
1,388‌
4.63%,
05/15/2044
4,030‌
4,105‌
4.63%,
05/15/2054
6,335‌
6,585‌
4.75%,
02/15/2037
1,250‌
1,316‌
4.75%,
02/15/2041
3,264‌
3,414‌
4.75%,
11/15/2053
4,430‌
4,688‌
4.88%,
05/31/2026
4,300‌
4,337‌
5.00%,
05/15/2037
385‌
415‌
5.25%,
11/15/2028
409‌
426‌
5.25%,
02/15/2029
795‌
833‌
5.38%,
02/15/2031
1,100‌
1,177‌
5.50%,
08/15/2028
1,115‌
1,171‌
6.13%,
11/15/2027
700‌
739‌
6.25%,
05/15/2030
1,050‌
1,159‌
6.38%,
08/15/2027
1,540‌
1,630‌
6.50%,
11/15/2026
1,000‌
1,049‌
6.63%,
02/15/2027
450‌
475‌
$
1,015,552‌
TOTAL
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
$
1,626,187‌
Total
Investments
$
2,377,127‌
Other
Assets
and
Liabilities
-  (2.83)%
(
65,418‌
)
TOTAL
NET
ASSETS
-
100.00%
$
2,311,709‌
(a)
Security
or
a
portion
of
the
security
was
on
loan.  At
the
end
of
the
period,
the
value
of
these
securities
totaled
$30,898
or
1.34%
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
$31,421
or
1.36%
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
0.14%
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)
Non-income
producing
security
(h)
Security
purchased
on
a
when-issued
basis.
(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.
Schedule
of
Investments
Bond
Market
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
38
Affiliated
Securities
August
31,
2024
Purchases
Sales
November
30,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
4.53%
$
71,025‌
$
216,339‌
$
205,109‌
$
82,255‌
$
71,025‌
$
216,339‌
$
205,109‌
$
82,255‌
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
4.53%
$
601‌
$
—‌
$
—‌
$
—‌
$
601‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
Capital
Securities
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
39
INVESTMENT
COMPANIES
-
1
.71
%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0
.12
%
Invesco
Preferred
ETF
(a)
121,647‌
$
1,457‌
Money
Market
Funds
-
1
.59
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
4.54%
(b),(c)
6,600,687‌
6,601‌
Principal
Government
Money
Market
Fund
-
Class
R-6
4.53%
(b),(c),(d)
12,608,893‌
12,609‌
$
19,210‌
TOTAL
INVESTMENT
COMPANIES
$
20,667‌
PREFERRED
STOCKS
-
0
.72
%
Shares
Held
Value
(000's)
Banks
-
0
.42
%
Cullen/Frost
Bankers
Inc
4.45%,
12/15/2025
(e)
55,739‌
$
1,081‌
Regions
Financial
Corp
6.95%,
09/15/2029
(e)
107,520‌
2,839‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.77%
US
Bancorp
5.52%,
01/02/2025
(a),(e)
51,995‌
1,200‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.86%
$
5,120‌
Diversified
Financial
Services
-
0
.02
%
Affiliated
Managers
Group
Inc
4.20%,
09/30/2061
9,119‌
159‌
Affiliated
Managers
Group
Inc
5.88%,
03/30/2059
1,353‌
32‌
$
191‌
Insurance
-
0
.28
%
Assurant
Inc
5.25%,
01/15/2061
29,885‌
656‌
Corebridge
Financial
Inc
0.00%,
12/15/2064
(f)
110,000‌
2,730‌
$
3,386‌
TOTAL
PREFERRED
STOCKS
$
8,697‌
BONDS
-
97
.80
%
Principal
Amount
(000's)
Value
(000's)
Banks
-
62
.35
%
Australia
&
New
Zealand
Banking
Group
Ltd/
United
Kingdom
6.75%,
06/15/2026
(e),(g),(h),(i)
$
1,900‌
$
1,928‌
USD
Swap
Rate
NY
5
Year
+
5.17%
Banco
Bilbao
Vizcaya
Argentaria
SA
6.13%,
11/16/2027
(e),(g),(h)
600‌
572‌
USD
Swap
Semi-Annual
5
Year
+
3.87%
6.50%,
03/05/2025
(e),(g),(h)
11,400‌
11,345‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.19%
9.38%,
03/19/2029
(e),(g),(h)
8,500‌
9,254‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.10%
Banco
Santander
SA
4.75%,
11/12/2026
(e),(g),(h)
15,400‌
14,510‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.75%
8.00%,
02/01/2034
(e),(g),(h)
1,000‌
1,032‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.91%
9.63%,
11/21/2028
(e),(g),(h)
3,000‌
3,281‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.31%
9.63%,
05/21/2033
(e),(g),(h)
5,000‌
5,736‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.30%
Bank
of
America
Corp
6.13%,
04/27/2027
(e),(g)
10,304‌
10,531‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.23%
Bank
of
Montreal
7.30%,
11/26/2084
(g)
2,500‌
2,581‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.01%
7.70%,
05/26/2084
(g)
7,300‌
7,596‌
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),(g)
$
25,000‌
$
24,388‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.35%
3.75%,
12/20/2026
(e),(g)
19,600‌
18,755‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.63%
4.63%,
09/20/2026
(e),(g)
7,300‌
7,158‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.39%
Bank
of
Nova
Scotia/The
3.63%,
10/27/2081
(g)
7,600‌
7,009‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.61%
4.90%,
06/04/2025
(e),(g)
22,000‌
21,773‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.55%
8.63%,
10/27/2082
(g)
3,300‌
3,518‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.39%
Barclays
PLC
4.38%,
03/15/2028
(a),(e),(g),(h)
18,000‌
16,109‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.41%
8.00%,
03/15/2029
(e),(g),(h)
1,200‌
1,245‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.43%
9.63%,
12/15/2029
(a),(e),(g),(h)
1,800‌
1,984‌
USD
Secured
Overnight
Financing
Rate
ICE
Swap
Rate
5
Year
+
5.78%
BNP
Paribas
SA
4.50%,
02/25/2030
(e),(g),(h),(i)
3,500‌
2,964‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.94%
4.63%,
02/25/2031
(e),(g),(h),(i)
7,000‌
5,885‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.34%
7.38%,
08/19/2025
(e),(g),(h),(i)
6,803‌
6,828‌
USD
Swap
Semi-Annual
5
Year
+
5.15%
8.50%,
08/14/2028
(e),(g),(h),(i)
2,000‌
2,085‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.35%
9.25%,
11/17/2027
(e),(g),(h),(i)
5,000‌
5,374‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.97%
9.25%,
11/17/2027
(e),(g),(h)
1,400‌
1,505‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.97%
Canadian
Imperial
Bank
of
Commerce
6.95%,
01/28/2085
(g)
5,500‌
5,505‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.83%
Citigroup
Inc
3.88%,
02/18/2026
(e),(g)
23,583‌
22,796‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.42%
4.00%,
12/10/2025
(e),(g)
12,000‌
11,717‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.60%
4.70%,
01/30/2025
(e),(g)
5,000‌
4,978‌
Secured
Overnight
Financing
Rate
+
3.23%
6.25%,
08/15/2026
(e),(g)
1,239‌
1,249‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.78%
6.75%,
02/15/2030
(e),(g),(j)
1,000‌
997‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.57%
Schedule
of
Investments
Capital
Securities
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
40
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Citigroup
Inc
(continued)
7.00%,
08/15/2034
(e),(g)
$
4,000‌
$
4,207‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
10
Year
+
2.76%
7.38%,
05/15/2028
(e),(g)
3,600‌
3,772‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.21%
Citizens
Financial
Group
Inc
4.00%,
10/06/2026
(e),(g)
4,900‌
4,654‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.22%
5.65%,
10/06/2025
(a),(e),(g)
12,000‌
11,924‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.31%
8.01%,
01/06/2025
(a),(e)
4,975‌
4,957‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.42%
Corestates
Capital
III
5.36%,
02/15/2027
(i)
10,571‌
10,373‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.83%
Credit
Agricole
SA
8.13%,
12/23/2025
(e),(g),(h),(i)
8,932‌
9,122‌
USD
Swap
Semi-Annual
5
Year
+
6.19%
Danske
Bank
A/S
7.00%,
06/26/2025
(e),(g),(h)
4,400‌
4,427‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
7
Year
+
4.13%
Fifth
Third
Bancorp
4.50%,
09/30/2025
(e),(g)
2,200‌
2,168‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.22%
Goldman
Sachs
Group
Inc/The
3.65%,
08/10/2026
(a),(e),(g)
7,100‌
6,782‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.92%
3.80%,
05/10/2026
(a),(e),(g)
444‌
425‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.97%
7.38%,
02/10/2025
(e),(g)
1,500‌
1,501‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.62%
7.50%,
02/10/2029
(a),(e),(g)
1,000‌
1,070‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.16%
7.50%,
05/10/2029
(e),(g)
12,000‌
12,557‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.81%
HSBC
Holdings
PLC
6.00%,
05/22/2027
(e),(g),(h)
3,000‌
2,951‌
USD
Swap
Rate
NY
5
Year
+
3.75%
6.50%,
03/23/2028
(a),(e),(g),(h)
500‌
496‌
USD
Swap
Rate
NY
5
Year
+
3.61%
8.00%,
03/07/2028
(a),(e),(g),(h)
5,000‌
5,237‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.86%
Huntington
Bancshares
Inc/OH
4.45%,
10/15/2027
(e),(g)
19,200‌
18,407‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
7
Year
+
4.05%
5.63%,
07/15/2030
(a),(e),(g)
8,700‌
8,612‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
10
Year
+
4.95%
Huntington
Capital
II
5.83%,
06/15/2028
2,400‌
2,250‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.89%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Huntington
National
Bank/The
5.50%,
05/06/2030
(g)
$
2,000‌
$
1,984‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
5.35%
ING
Groep
NV
5.75%,
11/16/2026
(e),(g),(h)
7,515‌
7,437‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.34%
Intesa
Sanpaolo
SpA
7.70%,
09/17/2025
(e),(g),(h),(i)
7,000‌
6,998‌
USD
Swap
Semi-Annual
5
Year
+
5.46%
JPMorgan
Chase
&
Co
3.65%,
06/01/2026
(e),(g)
19,993‌
19,439‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.85%
6.88%,
06/01/2029
(e),(g)
7,600‌
8,025‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.74%
KeyCorp
5.00%,
09/15/2026
(e),(g)
3,775‌
3,664‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.87%
KeyCorp
Capital
I
5.59%,
07/01/2028
1,500‌
1,437‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.00%
KeyCorp
Capital
III
7.75%,
07/15/2029
2,700‌
2,828‌
Lloyds
Banking
Group
PLC
7.50%,
09/27/2025
(e),(g),(h)
20,150‌
20,182‌
USD
Swap
Rate
NY
5
Year
+
4.50%
8.00%,
09/27/2029
(a),(e),(g),(h)
2,000‌
2,087‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.91%
M&T
Bank
Corp
3.50%,
09/01/2026
(e),(g)
8,000‌
7,456‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.68%
5.13%,
11/01/2026
(e),(g)
4,000‌
3,957‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.78%
NatWest
Group
PLC
4.60%,
06/28/2031
(a),(e),(g),(h)
10,000‌
8,508‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.10%
6.00%,
12/29/2025
(e),(g),(h)
8,000‌
7,946‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.63%
8.00%,
08/10/2025
(e),(g),(h)
8,000‌
8,101‌
USD
Swap
Semi-Annual
5
Year
+
5.72%
Nordea
Bank
Abp
6.63%,
03/26/2026
(e),(g),(h),(i)
15,600‌
15,665‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.11%
PNC
Capital
Trust
C
5.85%,
06/01/2028
3,000‌
2,938‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.83%
PNC
Financial
Services
Group
Inc/The
6.00%,
05/15/2027
(e),(g)
13,600‌
13,656‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.00%
6.20%,
09/15/2027
(a),(e),(g)
2,000‌
2,024‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.24%
6.25%,
03/15/2030
(e),(g)
13,500‌
13,654‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
7
Year
+
2.81%
Schedule
of
Investments
Capital
Securities
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
41
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Regions
Financial
Corp
5.75%,
06/15/2025
(a),(e),(g)
$
3,500‌
$
3,479‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.43%
Royal
Bank
of
Canada
6.35%,
11/24/2084
(g)
3,400‌
3,304‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.26%
7.50%,
05/02/2084
(g)
10,500‌
10,921‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.89%
Skandinaviska
Enskilda
Banken
AB
5.13%,
05/13/2025
(e),(g),(h)
5,000‌
4,971‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.46%
Societe
Generale
SA
8.50%,
03/25/2034
(e),(g),(h),(i)
3,600‌
3,640‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.15%
10.00%,
11/14/2028
(e),(g),(h),(i)
7,000‌
7,504‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.45%
10.00%,
11/14/2028
(e),(g),(h)
600‌
643‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.45%
Standard
Chartered
PLC
4.75%,
01/14/2031
(e),(g),(h)
12,500‌
10,868‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.81%
6.00%,
07/26/2025
(a),(e),(g),(h)
1,000‌
996‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.66%
7.01%,
07/30/2037
(a),(e),(g),(i)
7,100‌
7,389‌
3
Month
USD
LIBOR
+
1.46%
7.01%,
07/30/2037
(e),(g)
2,000‌
2,081‌
3
Month
USD
LIBOR
+
1.46%
7.88%,
03/08/2030
(e),(g),(h),(i)
1,000‌
1,042‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.57%
State
Street
Corp
6.70%,
03/15/2029
(e),(g)
6,900‌
7,083‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.61%
6.70%,
09/15/2029
(e),(g)
10,800‌
11,059‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.63%
Swedbank
AB
7.75%,
03/17/2030
(e),(g),(h)
3,000‌
3,094‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.66%
Toronto-Dominion
Bank/The
7.25%,
07/31/2084
(g)
1,000‌
1,024‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.98%
8.13%,
10/31/2082
(g)
13,601‌
14,290‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.08%
Truist
Financial
Corp
4.95%,
09/01/2025
(e),(g)
8,100‌
8,041‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.61%
5.10%,
03/01/2030
(e),(g)
2,000‌
1,923‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
10
Year
+
4.35%
5.46%,
05/15/2027
4,500‌
4,420‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.93%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Truist
Financial
Corp
(continued)
5.86%,
03/15/2028
$
2,000‌
$
1,960‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.91%
6.67%,
03/01/2025
(e),(g)
20,620‌
20,538‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.00%
UBS
Group
AG
3.88%,
06/02/2026
(a),(e),(g),(h),(i)
10,000‌
9,537‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.10%
4.38%,
02/10/2031
(e),(g),(h)
2,500‌
2,129‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.31%
4.88%,
02/12/2027
(e),(g),(h),(i)
12,000‌
11,360‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.40%
6.88%,
08/07/2025
(e),(g),(h)
19,500‌
19,540‌
USD
Swap
Semi-Annual
(VS
6
Month)
5
Year
+
4.59%
US
Bancorp
3.70%,
01/15/2027
(e),(g)
32,500‌
30,837‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.54%
Wells
Fargo
&
Co
3.90%,
03/15/2026
(e),(g)
16,700‌
16,248‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.45%
6.85%,
09/15/2029
(e),(g)
9,000‌
9,325‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.77%
7.63%,
09/15/2028
(e),(g)
6,800‌
7,242‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.61%
$
752,554‌
Diversified
Financial
Services
-
10
.16
%
American
Express
Co
3.55%,
09/15/2026
(e),(g)
43,889‌
41,907‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.85%
Capital
One
Financial
Corp
3.95%,
09/01/2026
(e),(g)
10,200‌
9,745‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.16%
Charles
Schwab
Corp/The
4.00%,
12/01/2030
(e),(g)
2,150‌
1,885‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
10
Year
+
3.08%
4.00%,
06/01/2026
(e),(g)
26,000‌
25,118‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.17%
5.38%,
06/01/2025
(e),(g)
11,207‌
11,165‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.97%
Discover
Financial
Services
6.13%,
06/23/2025
(e),(g)
21,300‌
21,286‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.78%
Voya
Financial
Inc
4.70%,
01/23/2048
(g)
10,800‌
10,051‌
3
Month
USD
LIBOR
+
2.08%
7.76%,
09/15/2028
(a),(e),(g)
1,400‌
1,492‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.36%
$
122,649‌
Schedule
of
Investments
Capital
Securities
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
42
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
-
4
.53
%
American
Electric
Power
Co
Inc
3.88%,
02/15/2062
(g)
$
7,100‌
$
6,708‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.68%
6.95%,
12/15/2054
(g)
2,000‌
2,090‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.68%
7.05%,
12/15/2054
(g)
2,600‌
2,700‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.75%
Dominion
Energy
Inc
4.35%,
01/15/2027
(e),(g)
9,900‌
9,609‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.20%
4.65%,
12/15/2024
(a),(e),(g)
13,700‌
13,692‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.99%
6.63%,
05/15/2055
(g)
3,500‌
3,586‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.21%
Duke
Energy
Corp
3.25%,
01/15/2082
(g)
5,000‌
4,623‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.32%
EUSHI
Finance
Inc
7.63%,
12/15/2054
(g),(i)
500‌
517‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.14%
NextEra
Energy
Capital
Holdings
Inc
3.80%,
03/15/2082
(g)
2,000‌
1,906‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.55%
6.70%,
09/01/2054
(g)
2,700‌
2,753‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.36%
6.92%,
10/01/2066
3,091‌
3,020‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.33%
Sempra
6.55%,
04/01/2055
(g)
2,000‌
2,005‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.14%
6.63%,
04/01/2055
(g)
1,500‌
1,509‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.35%
$
54,718‌
Food
-
0
.55
%
Dairy
Farmers
of
America
Inc
7.13%,
12/01/2026
(e),(i)
7,000‌
6,685‌
Gas
-
0
.51
%
NiSource
Inc
6.95%,
11/30/2054
(g)
6,000‌
6,138‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.45%
Insurance
-
12
.72
%
ACE
Capital
Trust
II
9.70%,
04/01/2030
2,570‌
3,114‌
Allianz
SE
3.20%,
10/30/2027
(e),(g),(h),(i)
5,000‌
4,302‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.17%
Allstate
Corp/The
7.72%,
08/15/2053
6,900‌
6,917‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.20%
American
International
Group
Inc
5.75%,
04/01/2048
(g)
3,580‌
3,559‌
3
Month
USD
LIBOR
+
2.87%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Insurance
(continued)
Argentum
Netherlands
BV
for
Swiss
Re
Ltd
5.75%,
08/15/2050
(g)
$
500‌
$
499‌
3
Month
USD
LIBOR
+
3.59%
Argentum
Netherlands
BV
for
Zurich
Insurance
Co
Ltd
5.13%,
06/01/2048
(g)
2,000‌
1,985‌
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
(g)
4,900‌
4,906‌
3
Month
USD
LIBOR
+
4.92%
Corebridge
Financial
Inc
6.38%,
09/15/2054
(g)
2,000‌
2,007‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.65%
6.88%,
12/15/2052
(g)
7,100‌
7,267‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.85%
Equitable
Holdings
Inc
4.95%,
09/15/2025
(a),(e),(g)
1,448‌
1,435‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.74%
Liberty
Mutual
Group
Inc
4.13%,
12/15/2051
(a),(g),(i)
11,500‌
10,915‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.32%
7.80%,
03/07/2087
(i)
6,100‌
6,829‌
3
Month
USD
LIBOR
+
3.58%
Liberty
Mutual
Insurance
Co
7.70%,
10/15/2097
(i)
1,100‌
1,283‌
Meiji
Yasuda
Life
Insurance
Co
5.80%,
09/11/2054
(g),(i)
3,600‌
3,605‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.03%
MetLife
Capital
Trust
IV
7.88%,
12/15/2067
(i)
2,200‌
2,420‌
MetLife
Inc
3.85%,
09/15/2025
(e),(g)
7,200‌
7,073‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.58%
6.40%,
12/15/2066
700‌
728‌
9.25%,
04/08/2068
(i)
10,372‌
12,286‌
3
Month
USD
LIBOR
+
5.54%
10.75%,
08/01/2069
4,300‌
5,876‌
3
Month
USD
LIBOR
+
7.55%
Muenchener
Rueckversicherungs-Gesellschaft
AG
in
Muenchen
5.88%,
05/23/2042
(g),(i)
3,600‌
3,680‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.98%
Nippon
Life
Insurance
Co
2.75%,
01/21/2051
(g),(i)
4,600‌
3,961‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.65%
2.90%,
09/16/2051
(g),(i)
10,500‌
9,031‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.60%
Prudential
Financial
Inc
3.70%,
10/01/2050
(g)
9,500‌
8,619‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.04%
6.50%,
03/15/2054
(g)
2,000‌
2,066‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.40%
Sumitomo
Life
Insurance
Co
3.38%,
04/15/2081
(g),(i)
5,000‌
4,474‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.75%
Schedule
of
Investments
Capital
Securities
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
43
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Insurance
(continued)
Swiss
RE
Subordinated
Finance
PLC
5.70%,
04/05/2035
(g),(i)
$
1,600‌
$
1,623‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.81%
Zurich
Finance
Ireland
Designated
Activity
Co
3.00%,
04/19/2051
(g)
31,200‌
26,831‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.78%
3.50%,
05/02/2052
(g)
7,200‌
6,255‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.79%
$
153,546‌
Oil
&
Gas
-
0
.33
%
BP
Capital
Markets
PLC
4.38%,
06/22/2025
(e),(g)
1,100‌
1,086‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.04%
4.88%,
03/22/2030
(e),(g)
3,000‌
2,904‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.40%
$
3,990‌
Pipelines
-
4
.95
%
Enbridge
Inc
5.75%,
07/15/2080
(g)
5,000‌
4,858‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.31%
6.00%,
01/15/2077
(g)
4,200‌
4,164‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.15%
6.25%,
03/01/2078
(g)
11,000‌
10,796‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.90%
7.63%,
01/15/2083
(g)
2,000‌
2,109‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.42%
8.50%,
01/15/2084
(g)
4,650‌
5,179‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.43%
Enterprise
Products
Operating
LLC
5.25%,
08/16/2077
(g)
7,938‌
7,740‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.29%
5.38%,
02/15/2078
(g)
1,300‌
1,249‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.83%
Transcanada
Trust
5.50%,
09/15/2079
(a),(g)
12,500‌
12,049‌
Secured
Overnight
Financing
Rate
+
4.42%
5.60%,
03/07/2082
(g)
7,300‌
6,994‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.99%
5.63%,
05/20/2075
(g)
600‌
596‌
3
Month
USD
LIBOR
+
3.53%
5.88%,
08/15/2076
(g)
4,000‌
3,977‌
3
Month
USD
LIBOR
+
4.64%
$
59,711‌
REITs
-
0
.43
%
Scentre
Group
Trust
2
4.75%,
09/24/2080
(g),(i)
726‌
719‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.38%
5.13%,
09/24/2080
(g),(i)
4,500‌
4,412‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.69%
$
5,131‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Sovereign
-
0
.82
%
CoBank
ACB
4.25%,
01/01/2027
(e),(g)
$
2,000‌
$
1,903‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.05%
6.25%,
10/01/2026
(e),(g)
1,000‌
999‌
3
Month
USD
LIBOR
+
4.66%
6.45%,
10/01/2027
(a),(e),(g)
5,000‌
5,067‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.49%
Farm
Credit
Bank
of
Texas
5.70%,
09/15/2025
(e),(g),(i)
1,900‌
1,884‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.42%
$
9,853‌
Transportation
-
0
.45
%
BNSF
Funding
Trust
I
6.61%,
12/15/2055
(g)
5,400‌
5,436‌
3
Month
USD
LIBOR
+
2.35%
TOTAL
BONDS
$
1,180,411‌
Total
Investments
$
1,209,775‌
Other
Assets
and
Liabilities
-  (0.23)%
(
2,765‌
)
TOTAL
NET
ASSETS
-
100.00%
$
1,207,010‌
(a)
Security
or
a
portion
of
the
security
was
on
loan.  At
the
end
of
the
period,
the
value
of
these
securities
totaled
$16,138
or
1.34%
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
$16,721
or
1.39%
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)
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.
(h)
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
$270,420
or
22.40%
of
net
assets.
(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
$186,320
or
15.44%
of
net
assets.
(j)
Security
purchased
on
a
when-issued
basis.
Schedule
of
Investments
Capital
Securities
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
44
Affiliated
Securities
August
31,
2024
Purchases
Sales
November
30,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
4.53%
$
28,358‌
$
146,549‌
$
162,298‌
$
12,609‌
$
28,358‌
$
146,549‌
$
162,298‌
$
12,609‌
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
4.53%
$
124‌
$
—‌
$
—‌
$
—‌
$
124‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
45
INVESTMENT
COMPANIES
-
11.25%
Shares
Held
Value
(000's)
Closed-End
Funds
-
0.30%
Sprott
Physical
Uranium
Trust
(a)
462,200‌
$
8,388‌
Exchange-Traded
Funds
-
8.54%
Global
X
US
Infrastructure
Development
ETF
1,398,000‌
63,930‌
Invesco
Optimum
Yield
Diversified
Commodity
Strategy
No
K-1
ETF
352,770‌
4,727‌
iShares
Global
Infrastructure
ETF
1,243,966‌
69,289‌
Schwab
US
TIPS
ETF
182,079‌
4,809‌
SPDR
Gold
MiniShares
Trust
(a),(b)
1,102,600‌
58,107‌
SPDR
S&P
Global
Natural
Resources
ETF
84,597‌
4,649‌
Vanguard
Real
Estate
ETF
378,658‌
37,169‌
$
242,680‌
Money
Market
Funds
-
2.41%
BlackRock
Liquidity
FedFund
-
Institutional
Class
4.54%
(a),(c),(d)
8,499,111‌
8,499‌
BlackRock
Liquidity
Funds
Treasury
Trust
Fund
-
Institutional
Class
4.53%
(a),(c)
5,642,063‌
5,642‌
Principal
Government
Money
Market
Fund
-
Class
R-6
4.53%
(c),(d),(e)
54,437,519‌
54,438‌
$
68,579‌
TOTAL
INVESTMENT
COMPANIES
$
319,647‌
COMMON
STOCKS
-
61.64%
Shares
Held
Value
(000's)
Agriculture
-
0.50%
Archer-Daniels-Midland
Co
13,363‌
$
730‌
Bunge
Global
SA
3,959‌
355‌
Darling
Ingredients
Inc
(f)
310,239‌
12,574‌
Wilmar
International
Ltd
298,200‌
686‌
$
14,345‌
Automobile
Parts
&
Equipment
-
0.06%
Aptiv
PLC
(f)
13,713‌
762‌
Contemporary
Amperex
Technology
Co
Ltd
25,100‌
912‌
$
1,674‌
Biotechnology
-
0.07%
Corteva
Inc
19,347‌
1,204‌
Regeneron
Pharmaceuticals
Inc
(f)
930‌
698‌
$
1,902‌
Building
Materials
-
0.57%
Boise
Cascade
Co
3,438‌
507‌
Builders
FirstSource
Inc
(f)
4,408‌
822‌
Carrier
Global
Corp
15,949‌
1,234‌
Interfor
Corp
(f)
60,718‌
885‌
Kingspan
Group
PLC
12,040‌
907‌
Lennox
International
Inc
1,509‌
1,007‌
Louisiana-Pacific
Corp
9,340‌
1,104‌
Nibe
Industrier
AB
116,248‌
493‌
Stella-Jones
Inc
7,798‌
399‌
Svenska
Cellulosa
AB
SCA
233,771‌
3,041‌
Trex
Co
Inc
(f)
12,954‌
972‌
UFP
Industries
Inc
9,015‌
1,225‌
West
Fraser
Timber
Co
Ltd
35,350‌
3,472‌
$
16,068‌
Chemicals
-
0.69%
CF
Industries
Holdings
Inc
5,043‌
452‌
Croda
International
PLC
16,805‌
738‌
DSM-Firmenich
AG
11,414‌
1,254‌
DuPont
de
Nemours
Inc
15,291‌
1,278‌
FMC
Corp
86,945‌
5,137‌
ICL
Group
Ltd
82,042‌
373‌
Ingevity
Corp
(f)
6,764‌
329‌
Lenzing
AG
(f)
4,130‌
128‌
Methanex
Corp
56,592‌
2,653‌
Mosaic
Co/The
8,906‌
236‌
Novonesis
(Novozymes)
B
20,654‌
1,212‌
Nutrien
Ltd
56,141‌
2,623‌
Tronox
Holdings
PLC
211,061‌
2,554‌
Yara
International
ASA
18,511‌
522‌
$
19,489‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Coal
-
0.21%
Teck
Resources
Ltd
11,579‌
$
540‌
Teck
Resources
Ltd
118,955‌
5,553‌
$
6,093‌
Commercial
Services
-
0.92%
Ashtead
Group
PLC
16,146‌
1,294‌
Atlas
Arteria
Ltd
3,157,398‌
9,909‌
Brambles
Ltd
132,494‌
1,650‌
CCR
SA
2,995,762‌
5,432‌
Cengage
Learning
Holdings
II
Inc
(f)
2,772‌
52‌
Transurban
Group
917,060‌
7,678‌
$
26,015‌
Consumer
Products
-
0.07%
Avery
Dennison
Corp
2,251‌
464‌
Kimberly-Clark
Corp
9,668‌
1,347‌
Ontex
Group
NV
(f)
28,844‌
243‌
$
2,054‌
Cosmetics
&
Personal
Care
-
0.10%
Essity
AB
52,253‌
1,439‌
Procter
&
Gamble
Co/The
4,073‌
730‌
Unicharm
Corp
31,200‌
813‌
$
2,982‌
Electric
-
9.90%
Ameren
Corp
47,212‌
4,456‌
American
Electric
Power
Co
Inc
126,649‌
12,647‌
Boralex
Inc
65,055‌
1,401‌
Brookfield
Renewable
Corp
(g)
128,384‌
4,098‌
CLP
Holdings
Ltd
1,047,500‌
8,823‌
CMS
Energy
Corp
160,722‌
11,204‌
Constellation
Energy
Corp
20,369‌
5,226‌
CPFL
Energia
SA
517,530‌
2,816‌
Dominion
Energy
Inc
123,472‌
7,254‌
E.ON
SE
559,214‌
7,208‌
EDP
Renovaveis
SA
881,884‌
10,352‌
EDP
SA
1,629,030‌
5,894‌
Emera
Inc
184,978‌
7,058‌
Enel
SpA
1,930,388‌
13,902‌
Entergy
Corp
74,200‌
11,588‌
Eversource
Energy
202,602‌
13,066‌
Exelon
Corp
348,189‌
13,774‌
HK
Electric
Investments
&
HK
Electric
Investments
Ltd
3,283,000‌
2,204‌
National
Grid
PLC
2,362,112‌
29,816‌
NextEra
Energy
Inc
302,424‌
23,792‌
OGE
Energy
Corp
149,836‌
6,587‌
Ormat
Technologies
Inc
15,033‌
1,227‌
Orsted
AS
(f),(h)
101,072‌
5,627‌
PG&E
Corp
637,539‌
13,790‌
Redeia
Corp
SA
878,741‌
15,696‌
Sempra
165,392‌
15,492‌
Terna
-
Rete
Elettrica
Nazionale
1,025,701‌
8,681‌
WEC
Energy
Group
Inc
44,384‌
4,485‌
Xcel
Energy
Inc
182,486‌
13,241‌
$
281,405‌
Electrical
Components
&
Equipment
-
0.16%
Delta
Electronics
Inc
116,000‌
1,375‌
Generac
Holdings
Inc
(f)
6,719‌
1,265‌
Littelfuse
Inc
4,546‌
1,121‌
Signify
NV
(h)
32,558‌
728‌
$
4,489‌
Electronics
-
0.17%
Azbil
Corp
121,700‌
975‌
Halma
PLC
43,178‌
1,488‌
Hubbell
Inc
2,189‌
1,007‌
Trimble
Inc
(f)
20,604‌
1,504‌
$
4,974‌
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
46
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Energy
-
Alternate
Sources
-
0.09%
NextEra
Energy
Partners
LP
133,072‌
$
2,325‌
SolarEdge
Technologies
Inc
(f)
6,093‌
96‌
$
2,421‌
Engineering
&
Construction
-
4.32%
Aena
SME
SA
(h)
87,398‌
18,928‌
Aeroports
de
Paris
SA
113,865‌
13,188‌
Athens
International
Airport
SA
594,820‌
5,068‌
Auckland
International
Airport
Ltd
3,031,425‌
13,935‌
Cellnex
Telecom
SA
-
Rights
(f),(h)
429,932‌
15,450‌
China
Tower
Corp
Ltd
(h)
32,404,000‌
4,264‌
Enav
SpA
(h)
3,829,141‌
16,516‌
Fluor
Corp
(f)
44,999‌
2,526‌
Fraport
AG
Frankfurt
Airport
Services
Worldwide
(f)
180,242‌
9,924‌
Grupo
Aeroportuario
del
Centro
Norte
SAB
de
CV
1,088,697‌
8,824‌
Sacyr
SA
3,163,359‌
10,338‌
Vinci
SA
35,428‌
3,745‌
$
122,706‌
Entertainment
-
0.04%
Cineworld
Group
PLC
-
Warrants
(f)
29,862‌
—‌
Crown
Finance
US
Inc
-
1145
Shares
(f)
287‌
7‌
Crown
Finance
US
Inc
-
4A2
Shares
(f)
53,935‌
1,238‌
$
1,245‌
Environmental
Control
-
0.05%
Befesa
SA
(h)
18,316‌
391‌
Pentair
PLC
10,739‌
1,170‌
$
1,561‌
Food
-
0.10%
Ingredion
Inc
1,819‌
268‌
Tyson
Foods
Inc
38,265‌
2,468‌
$
2,736‌
Forest
Products
&
Paper
-
1.00%
Acadian
Timber
Corp
43,180‌
547‌
Canfor
Corp
(f)
67,693‌
857‌
Empresas
CMPC
SA
302,563‌
473‌
Holmen
AB
32,821‌
1,238‌
International
Paper
Co
260,016‌
15,297‌
Mercer
International
Inc
13,721‌
85‌
Mondi
PLC
112,597‌
1,705‌
Nine
Dragons
Paper
Holdings
Ltd
(f)
917,000‌
374‌
Oji
Holdings
Corp
258,100‌
953‌
Sappi
Ltd
198,146‌
554‌
Suzano
SA
ADR
(g)
78,949‌
817‌
Suzano
SA
165,400‌
1,708‌
Sylvamo
Corp
9,769‌
902‌
UPM-Kymmene
Oyj
102,447‌
2,695‌
Western
Forest
Products
Inc
(f)
292,032‌
94‌
$
28,299‌
Gas
-
0.60%
China
Gas
Holdings
Ltd
4,509,800‌
3,747‌
Italgas
SpA
353,317‌
2,119‌
Snam
SpA
2,371,674‌
11,055‌
$
16,921‌
Healthcare
-
Products
-
0.15%
Carestream
Health
Inc
(f)
17,410‌
36‌
QIAGEN
NV
(f)
27,063‌
1,175‌
Repligen
Corp
(f)
7,798‌
1,174‌
Revvity
Inc
8,856‌
1,029‌
Tecan
Group
AG
3,300‌
789‌
$
4,203‌
Healthcare
-
Services
-
0.02%
BioMerieux
5,139‌
537‌
Millennium
Health
LLC
(f),(i),(j)
20,580‌
2‌
Millennium
Health
LLC
(f),(i),(j)
19,318‌
—‌
$
539‌
Home
Builders
-
0.16%
DR
Horton
Inc
3,524‌
595‌
KB
Home
4,473‌
370‌
Lennar
Corp
-
A
Shares
2,731‌
476‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Home
Builders
(continued)
Meritage
Homes
Corp
2,045‌
$
391‌
NVR
Inc
(f)
70‌
646‌
PulteGroup
Inc
3,407‌
461‌
Sumitomo
Forestry
Co
Ltd
27,900‌
1,065‌
Toll
Brothers
Inc
3,931‌
649‌
$
4,653‌
Housewares
-
0.00%
Scotts
Miracle-Gro
Co/The
1,192‌
92‌
Insurance
-
0.10%
Hannover
Rueck
SE
4,723‌
1,234‌
RenaissanceRe
Holdings
Ltd
5,721‌
1,637‌
$
2,871‌
Internet
-
0.00%
Catalina
Marketing
Corp
(f),(i)
4,112‌
—‌
Iron
&
Steel
-
0.85%
ArcelorMittal
SA
11,326‌
285‌
ArcelorMittal
SA
357,547‌
9,039‌
Cleveland-Cliffs
Inc
(f)
475,682‌
5,922‌
Fortescue
Ltd
42,433‌
526‌
Nippon
Steel
Corp
24,400‌
500‌
Novolipetsk
Steel
PJSC
1,124,750‌
—‌
Nucor
Corp
36,891‌
5,707‌
POSCO
Holdings
Inc
1,907‌
389‌
Reliance
Inc
1,379‌
443‌
Severstal
PAO
(f)
149,085‌
—‌
Steel
Dynamics
Inc
3,596‌
522‌
Vale
SA
ADR
89,853‌
886‌
$
24,219‌
Leisure
Products
&
Services
-
0.02%
Shimano
Inc
3,600‌
500‌
Lodging
-
0.11%
Travel
+
Leisure
Co
56,700‌
3,168‌
Machinery
-
Construction
&
Mining
-
0.10%
GE
Vernova
Inc
(f)
5,504‌
1,839‌
Vertiv
Holdings
Co
8,132‌
1,038‌
$
2,877‌
Machinery
-
Diversified
-
0.24%
ANDRITZ
AG
7,300‌
409‌
Deere
&
Co
5,945‌
2,770‌
Husqvarna
AB
23,554‌
136‌
Kadant
Inc
1,390‌
574‌
Spirax
Group
PLC
13,373‌
1,222‌
Valmet
Oyj
12,390‌
290‌
Watts
Water
Technologies
Inc
3,643‌
786‌
Xylem
Inc/NY
4,491‌
569‌
$
6,756‌
Metal
Fabrication
&
Hardware
-
0.06%
Advanced
Drainage
Systems
Inc
5,902‌
799‌
Prysmian
SpA
14,815‌
977‌
$
1,776‌
Mining
-
2.47%
Agnico
Eagle
Mines
Ltd
12,555‌
1,059‌
Anglo
American
PLC
347,603‌
11,162‌
Antofagasta
PLC
8,646‌
187‌
Barrick
Gold
Corp
43,886‌
769‌
BHP
Group
Ltd
109,914‌
2,898‌
Boliden
AB
6,852‌
205‌
Cameco
Corp
(g)
147,283‌
8,756‌
Capstone
Copper
Corp
(f)
1,556,525‌
10,762‌
China
Hongqiao
Group
Ltd
56,500‌
83‌
First
Quantum
Minerals
Ltd
(f)
16,960‌
232‌
Franco-Nevada
Corp
4,847‌
594‌
Freeport-McMoRan
Inc
271,782‌
12,012‌
Glencore
PLC
(f)
247,635‌
1,199‌
Gold
Fields
Ltd
ADR
22,389‌
324‌
Ivanhoe
Mines
Ltd
(f)
200,273‌
2,696‌
Newmont
Corp
28,751‌
1,206‌
Norsk
Hydro
ASA
33,225‌
206‌
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
47
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Mining
(continued)
Pan
American
Silver
Corp
193,939‌
$
4,303‌
Polyus
PJSC
(f)
12,459‌
—‌
Rio
Tinto
Ltd
9,301‌
720‌
Rio
Tinto
PLC
103,375‌
6,499‌
South32
Ltd
1,271,458‌
3,085‌
Southern
Copper
Corp
2,178‌
219‌
Sumitomo
Metal
Mining
Co
Ltd
6,800‌
168‌
Wheaton
Precious
Metals
Corp
11,418‌
711‌
Zijin
Mining
Group
Co
Ltd
150,000‌
291‌
$
70,346‌
Miscellaneous
Manufacturers
-
0.03%
Carlisle
Cos
Inc
2,038‌
931‌
Oil
&
Gas
-
4.30%
Antero
Resources
Corp
(f)
276,542‌
9,040‌
BP
PLC
233,522‌
1,144‌
Canadian
Natural
Resources
Ltd
305,042‌
10,354‌
Cenovus
Energy
Inc
18,400‌
292‌
Chevron
Corp
8,908‌
1,442‌
ConocoPhillips
68,484‌
7,420‌
Coterra
Energy
Inc
3,872‌
103‌
Crescent
Energy
Co
486,604‌
7,236‌
Devon
Energy
Corp
3,280‌
124‌
Diamondback
Energy
Inc
64,131‌
11,389‌
Ecopetrol
SA
ADR
(g)
3,505‌
28‌
Empresas
Copec
SA
72,917‌
456‌
Eni
SpA
30,801‌
436‌
EOG
Resources
Inc
2,978‌
397‌
EQT
Corp
209,679‌
9,528‌
Equinor
ASA
11,112‌
269‌
Expand
Energy
Corp
35,620‌
3,525‌
Exxon
Mobil
Corp
23,267‌
2,745‌
Hess
Corp
1,448‌
213‌
Imperial
Oil
Ltd
(g)
2,319‌
172‌
Marathon
Petroleum
Corp
52,584‌
8,211‌
Neste
Oyj
6,120‌
93‌
Occidental
Petroleum
Corp
150,885‌
7,631‌
Permian
Resources
Corp
804,345‌
12,596‌
Petroleo
Brasileiro
SA
ADR
26,435‌
377‌
Phillips
66
89,560‌
12,000‌
Reliance
Industries
Ltd
(h)
24,512‌
1,478‌
Repsol
SA
17,296‌
216‌
Shell
PLC
88,577‌
2,847‌
Suncor
Energy
Inc
(g)
18,000‌
716‌
Suncor
Energy
Inc
86,981‌
3,434‌
TotalEnergies
SE
31,681‌
1,841‌
Transocean
Ltd
(f)
601,942‌
2,649‌
Valero
Energy
Corp
10,626‌
1,477‌
Woodside
Energy
Group
Ltd
26,977‌
433‌
$
122,312‌
Oil
&
Gas
Services
-
0.39%
Baker
Hughes
Co
5,203‌
229‌
Halliburton
Co
4,624‌
147‌
NOV
Inc
643,233‌
10,304‌
Schlumberger
NV
7,437‌
327‌
$
11,007‌
Packaging
&
Containers
-
1.08%
Amcor
PLC
40,394‌
430‌
Billerud
Aktiebolag
57,831‌
507‌
Crown
Holdings
Inc
52,387‌
4,824‌
DS
Smith
PLC
424,849‌
3,150‌
Graphic
Packaging
Holding
Co
60,518‌
1,821‌
Huhtamaki
Oyj
11,099‌
401‌
Klabin
SA
226,790‌
820‌
Packaging
Corp
of
America
10,223‌
2,544‌
Sealed
Air
Corp
4,072‌
149‌
SIG
Group
AG
(f)
60,731‌
1,204‌
Smurfit
WestRock
PLC
213,807‌
11,764‌
Sonoco
Products
Co
18,224‌
945‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Packaging
&
Containers
(continued)
Stora
Enso
Oyj
233,882‌
$
2,272‌
$
30,831‌
Pharmaceuticals
-
0.03%
Merck
&
Co
Inc
7,534‌
766‌
Pipelines
-
3.95%
Cheniere
Energy
Inc
57,145‌
12,801‌
Enbridge
Inc
833,870‌
36,076‌
Gibson
Energy
Inc
641,351‌
10,816‌
Kinder
Morgan
Inc
401,056‌
11,338‌
Koninklijke
Vopak
NV
166,682‌
7,796‌
ONEOK
Inc
125,858‌
14,298‌
Pembina
Pipeline
Corp
162,705‌
6,703‌
South
Bow
Corp
180,195‌
4,757‌
TC
Energy
Corp
118,741‌
5,789‌
Williams
Cos
Inc/The
33,673‌
1,970‌
$
112,344‌
Real
Estate
-
2.27%
Fastighets
AB
Balder
(f)
639,700‌
4,929‌
Mitsui
Fudosan
Co
Ltd
3,285,900‌
27,547‌
Qualitas
Ltd
1,604,969‌
2,663‌
Sun
Hung
Kai
Properties
Ltd
1,090,200‌
10,895‌
Vonovia
SE
554,322‌
18,387‌
$
64,421‌
REITs
-
22.70%
Agree
Realty
Corp
200,061‌
15,365‌
American
Healthcare
REIT
Inc
674,385‌
20,103‌
American
Homes
4
Rent
592,380‌
22,682‌
American
Tower
Corp
59,359‌
12,406‌
Americold
Realty
Trust
Inc
313,500‌
7,480‌
AvalonBay
Communities
Inc
114,070‌
26,846‌
Boardwalk
Real
Estate
Investment
Trust
97,400‌
4,967‌
CapitaLand
Integrated
Commercial
Trust
6,438,015‌
9,428‌
Centuria
Industrial
REIT
1,284,426‌
2,469‌
COPT
Defense
Properties
202,700‌
6,679‌
Cousins
Properties
Inc
304,153‌
9,654‌
Crown
Castle
Inc
154,728‌
16,440‌
Digital
Realty
Trust
Inc
79,900‌
15,636‌
Equinix
Inc
45,684‌
44,838‌
Equity
LifeStyle
Properties
Inc
95,700‌
6,826‌
Equity
Residential
190,600‌
14,611‌
Essex
Property
Trust
Inc
38,113‌
11,833‌
Extra
Space
Storage
Inc
152,915‌
26,142‌
Gaming
and
Leisure
Properties
Inc
182,600‌
9,424‌
Goodman
Group
1,141,834‌
28,349‌
Host
Hotels
&
Resorts
Inc
459,352‌
8,461‌
InvenTrust
Properties
Corp
241,759‌
7,487‌
Japan
Hotel
REIT
Investment
Corp
9,838‌
4,489‌
Kilroy
Realty
Corp
170,696‌
7,089‌
Klepierre
SA
549,824‌
16,619‌
Lineage
Inc
93,154‌
5,908‌
Link
REIT
2,350,314‌
10,281‌
Mapletree
Industrial
Trust
4,339,400‌
7,517‌
Merlin
Properties
Socimi
SA
615,800‌
6,755‌
Nippon
Accommodations
Fund
Inc
1,300‌
5,044‌
Nippon
Building
Fund
Inc
6,500‌
5,452‌
Nippon
Prologis
REIT
Inc
2,467‌
3,891‌
PotlatchDeltic
Corp
60,720‌
2,723‌
Prologis
Inc
268,569‌
31,363‌
Prologis
Property
Mexico
SA
de
CV
861,321‌
2,574‌
Rayonier
Inc
143,760‌
4,582‌
Regency
Centers
Corp
132,101‌
9,986‌
Rexford
Industrial
Realty
Inc
145,079‌
6,105‌
Ryman
Hospitality
Properties
Inc
54,100‌
6,343‌
Sabra
Health
Care
REIT
Inc
414,217‌
7,758‌
Safestore
Holdings
PLC
550,127‌
5,213‌
Segro
PLC
717,871‌
7,122‌
Sekisui
House
Reit
Inc
8,700‌
4,251‌
Simon
Property
Group
Inc
52,361‌
9,613‌
Stockland
2,426,500‌
8,284‌
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
48
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
REITs
(continued)
Unibail-Rodamco-Westfield
113,100‌
$
9,270‌
UNITE
Group
PLC/The
1,041,115‌
11,673‌
Ventas
Inc
404,155‌
25,894‌
VICI
Properties
Inc
741,411‌
24,177‌
Vornado
Realty
Trust
231,682‌
9,974‌
Warehouses
De
Pauw
CVA
188,400‌
4,169‌
Welltower
Inc
352,230‌
48,671‌
Weyerhaeuser
Co
132,210‌
4,265‌
$
645,181‌
Retail
-
0.05%
Gymboree
Corp/The
(f),(i)
17,842‌
—‌
Gymboree
Holding
Corp
(f),(i)
48,577‌
—‌
Home
Depot
Inc/The
1,690‌
725‌
JOANN
Inc
(f)
3,309‌
3‌
Lowe's
Cos
Inc
2,435‌
663‌
$
1,391‌
Semiconductors
-
0.04%
Bright
Bidco
-
1145
Shares
(f)
11,047‌
4‌
Bright
Bidco
-
4A2
Shares
(f)
15,092‌
6‌
Monolithic
Power
Systems
Inc
1,768‌
1,004‌
$
1,014‌
Software
-
0.22%
Altair
Engineering
Inc
(f)
10,127‌
1,070‌
Avaya
Holdings
Corp
(f)
12,893‌
70‌
Avaya
Holdings
Corp
(f)
48,487‌
265‌
Bentley
Systems
Inc
11,467‌
568‌
Bloom
Parent
Inc
(f),(i)
103‌
103‌
Cadence
Design
Systems
Inc
(f)
5,260‌
1,614‌
Nemetschek
SE
8,919‌
926‌
PTC
Inc
(f)
8,054‌
1,611‌
$
6,227‌
Telecommunications
-
0.29%
NEXTDC
Ltd
(f)
724,988‌
7,734‌
Windstream
(f)
9,809‌
188‌
Windstream
-
Warrants
(f)
17,064‌
327‌
$
8,249‌
Transportation
-
0.32%
American
Commercial
Lines
Inc
(f),(i)
573‌
26‌
American
Commercial
Lines
Inc
-
Warrants
(f),(i)
603‌
27‌
Star
Bulk
Carriers
Corp
129,291‌
2,239‌
Union
Pacific
Corp
27,767‌
6,794‌
$
9,086‌
Water
-
2.07%
American
Water
Works
Co
Inc
8,112‌
1,111‌
Cia
de
Saneamento
Basico
do
Estado
de
Sao
Paulo
SABESP
ADR
54,106‌
826‌
Essential
Utilities
Inc
347,365‌
13,905‌
Pennon
Group
PLC
796,013‌
6,109‌
Severn
Trent
PLC
541,454‌
18,587‌
United
Utilities
Group
PLC
1,178,422‌
16,794‌
Veolia
Environnement
SA
49,426‌
1,441‌
$
58,773‌
TOTAL
COMMON
STOCKS
$
1,751,912‌
PREFERRED
STOCKS
-
0.14%
Shares
Held
Value
(000's)
Electric
-
0.13%
Centrais
Eletricas
Brasileiras
SA
1.82%
602,728‌
$
3,869‌
Transportation
-
0.01%
American
Commercial
Lines
Inc
Preferred
A
-
Anti-
Dilution
Warrants
0.00%,
04/30/2045
(f)
6,729‌
2‌
American
Commercial
Lines
Inc
Preferred
B
2.50%
2,428‌
146‌
American
Commercial
Lines
Inc
Preferred
B
-
Anti-
Dilution
Warrants
0.00%,
04/30/2045
(f)
10,236‌
3‌
American
Commercial
Lines
Inc
Preferred
B
-
Warrants
0.00%,
04/30/2045
(f)
1,706‌
102‌
$
253‌
TOTAL
PREFERRED
STOCKS
$
4,122‌
BONDS
-
0.65%
Principal
Amount
(000's)
Value
(000's)
Commercial
Mortgage
Backed
Securities
-
0.10%
BAMLL
Trust
2024-BHP
6.96%,
08/15/2039
(h)
$
120‌
$
120‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.35%
BFLD
2024-VICT
Mortgage
Trust
6.50%,
07/15/2041
(h)
120‌
120‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.89%
BX
Commercial
Mortgage
Trust
2024-AIRC
6.30%,
08/15/2039
(h)
195‌
196‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.69%
BX
Commercial
Mortgage
Trust
2024-KING
6.15%,
05/15/2034
(h)
400‌
401‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.54%
BX
Commercial
Mortgage
Trust
2024-MDHS
6.25%,
05/15/2041
(h)
290‌
291‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.64%
BX
Commercial
Mortgage
Trust
2024-XL4
7.75%,
02/15/2039
(h)
243‌
243‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.14%
BX
Trust
2024-VLT4
6.10%,
07/15/2029
(h)
400‌
401‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.49%
COMM
2024-WCL1
MORTGAGE
TRUST
6.45%,
06/15/2041
(h)
180‌
180‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.84%
CONE
Trust
2024-DFW1
6.25%,
08/15/2041
(h)
70‌
70‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.64%
DBSG
2024-ALTA
Mortgage
Trust
6.14%,
06/10/2037
(h),(k)
110‌
112‌
GWT
2024-WLF2
6.30%,
05/15/2041
(h)
350‌
351‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.69%
HONO
2021-LULU
Mortgage
Trust
5.87%,
10/15/2036
(h)
100‌
99‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.26%
LBA
Trust
2024-BOLT
6.20%,
06/15/2026
(h)
270‌
270‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.59%
$
2,854‌
Electric
-
0.00%
Pacific
Gas
and
Electric
Co
3.15%,
01/01/2026
91‌
90‌
Healthcare
-
Services
-
0.01%
Team
Health
Holdings
Inc
9.00%,
PIK
4.50%;
06/30/2028
(h),(k),(l)
347‌
385‌
Mortgage
Backed
Securities
-
0.13%
BRAVO
Residential
Funding
Trust
2023-NQM3
4.85%,
09/25/2062
(h),(k)
649‌
643‌
CSMC
2022-NQM4
Trust
4.82%,
06/25/2067
(h),(k)
578‌
574‌
Ellington
Financial
Mortgage
Trust
2021-3
1.24%,
09/25/2066
(h),(k)
778‌
635‌
J.P.
Morgan
Mortgage
Trust
2023-DSC1
4.62%,
07/25/2063
(h),(k)
346‌
333‌
PRKCM
2022-AFC2
Trust
5.33%,
08/25/2057
(h),(k)
183‌
181‌
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
49
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Mortgage
Backed
Securities
(continued)
SG
Residential
Mortgage
Trust
2022-2
5.35%,
08/25/2062
(h),(k)
$
305‌
$
303‌
Verus
Securitization
Trust
2022-7
5.15%,
07/25/2067
(h),(k)
625‌
622‌
Verus
Securitization
Trust
2022-INV2
6.79%,
10/25/2067
(h),(k)
226‌
227‌
$
3,518‌
Other
Asset
Backed
Securities
-
0.08%
AMSR
2022-SFR3
Trust
4.00%,
10/17/2039
(h)
551‌
528‌
New
Residential
Mortgage
Loan
Trust
2022-SFR2
4.00%,
09/04/2039
(h)
560‌
529‌
Pagaya
AI
Technology
in
Housing
Trust
2022-1
4.25%,
08/25/2025
(h)
660‌
646‌
Progress
Residential
2022-SFR6
Trust
6.04%,
07/20/2039
(h)
635‌
638‌
$
2,341‌
Sovereign
-
0.33%
Brazil
Notas
do
Tesouro
Nacional
Serie
F
9.76%,
01/01/2029
BRL
1,700‌
251‌
9.76%,
01/01/2033
2,800‌
389‌
10.00%,
01/01/2035
3,400‌
464‌
Brazilian
Government
International
Bond
6.13%,
03/15/2034
$
520‌
511‌
Bundesrepublik
Deutschland
Bundesanleihe
2.50%,
08/15/2054
EUR
410‌
449‌
European
Union
2.50%,
10/04/2052
240‌
226‌
3.00%,
03/04/2053
1,926‌
1,992‌
Israel
Government
International
Bond
5.75%,
03/12/2054
$
204‌
195‌
Japan
Government
Thirty
Year
Bond
1.80%,
03/20/2054
JPY
104,750‌
635‌
Kingdom
of
Belgium
Government
Bond
3.30%,
06/22/2054
(h)
EUR
530‌
564‌
Mexican
Bonos
7.75%,
11/23/2034
MXN
6,200‌
262‌
8.50%,
03/01/2029
3,000‌
141‌
8.50%,
05/31/2029
7,000‌
329‌
Mexico
Government
International
Bond
3.50%,
02/12/2034
$
251‌
206‌
6.35%,
02/09/2035
432‌
436‌
United
Kingdom
Gilt
4.38%,
07/31/2054
GBP
1,948‌
2,328‌
$
9,378‌
TOTAL
BONDS
$
18,566‌
SENIOR
FLOATING
RATE
INTERESTS
-
4.09%
Principal
Amount
(000's)
Value
(000's)
Advertising
-
0.05%
Advantage
Sales
&
Marketing
Inc
Term
Loan
B2
9.12%,
10/28/2027
(m)
$
191‌
$
190‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.25%
Clear
Channel
Outdoor
Holdings
Inc
Term
Loan
B
8.80%,
08/23/2028
(m)
833‌
834‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
Planet
US
Buyer
LLC
Term
Loan
B
8.02%,
02/07/2031
(m)
419‌
419‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
Red
Ventures
LLC
Term
Loan
B4
7.57%,
03/03/2030
(m)
109‌
110‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
$
1,553‌
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Aerospace
&
Defense
-
0.07%
Azorra
Soar
Tlb
Finance
Ltd
Term
Loan
B
8.13%,
10/11/2029
(m)
$
250‌
$
252‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Bleriot
US
Bidco
Inc
Term
Loan
B
7.85%,
10/31/2030
(m)
209‌
210‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
TransDigm
Inc
Term
Loan
J
7.10%,
02/28/2031
(m)
1,278‌
1,277‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.50%
TransDigm
Inc
Term
Loan
L
7.32%,
01/19/2032
(m)
208‌
208‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.50%
$
1,947‌
Airlines
-
0.05%
AAdvantage
Loyalty
IP
Ltd
Term
Loan
9.63%,
04/20/2028
(m)
390‌
403‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.75%
Air
Canada
Term
Loan
B
6.75%,
03/21/2031
(m)
507‌
507‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.00%
SkyMiles
IP
Ltd
Term
Loan
B
8.37%,
10/20/2027
(m)
180‌
184‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
United
Airlines
Inc
Term
Loan
B
6.63%,
02/22/2031
(m)
192‌
193‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
WestJet
Loyalty
LP
Term
Loan
B
8.35%,
02/14/2031
(m)
238‌
238‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.25%
$
1,525‌
Apparel
-
0.01%
ABG
Intermediate
Holdings
2
LLC
Term
Loan
B1
7.32%,
12/21/2028
(m)
37‌
37‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Varsity
Brands
Inc
Term
Loan
B
8.27%,
07/25/2031
(m)
310‌
310‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
$
347‌
Automobile
Parts
&
Equipment
-
0.02%
Clarios
Global
LP
Term
Loan
B
7.07%,
05/04/2030
(m)
639‌
642‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Beverages
-
0.04%
BrewCo
Borrower
LLC
Term
Loan
8.42%,
04/05/2028
(m)
91‌
68‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
10.90%,
04/05/2028
(m)
35‌
28‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
6.25%
BrewCo
Borrower
LLC
PIK
Term
Loan
9.06%,
PIK
1.50%,
04/05/2028
(l),(m)
25‌
10‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
50
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Beverages
(continued)
Naked
Juice
LLC
Term
Loan
7.95%,
01/24/2029
(m)
$
54‌
$
37‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.25%
Pegasus
Bidco
BV
Term
Loan
B
7.77%,
07/12/2029
(m)
409‌
412‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Triton
Water
Holdings
Inc
Term
Loan
B
8.12%,
03/31/2028
(m)
542‌
546‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.25%
8.60%,
03/31/2028
(m)
65‌
65‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
$
1,166‌
Building
Materials
-
0.06%
ACProducts
Holdings
Inc
Term
Loan
B
9.12%,
05/17/2028
(m)
160‌
127‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.25%
Chariot
Buyer
LLC
Term
Loan
B
8.03%,
10/22/2028
(m)
703‌
706‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
8.19%,
11/03/2028
(m)
264‌
265‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Cornerstone
Building
Brands
Inc
Term
Loan
B
7.96%,
04/12/2028
(m)
143‌
135‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Gulfside
Supply
Inc
7.60%,
05/29/2031
(m)
222‌
223‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.00%
Quikrete
Holdings
Inc
Term
Loan
B
7.07%,
03/25/2031
(m)
119‌
119‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
$
1,575‌
Chemicals
-
0.16%
A-AP
Buyer
Inc
Term
Loan
B
7.85%,
08/01/2031
(m)
95‌
96‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.25%
Ascend
Performance
Materials
Operations
LLC
Term
Loan
B
9.10%,
08/27/2026
(m)
418‌
352‌
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
4.75%
Discovery
Purchaser
Corp
Term
Loan
8.95%,
08/04/2029
(m)
611‌
614‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.38%
Ecovyst
Catalyst
Technologies
LLC
Term
Loan
B
6.84%,
06/12/2031
(m)
389‌
390‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.25%
Herens
US
Holdco
Corp
Term
Loan
B
8.63%,
07/03/2028
(m)
227‌
223‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.93%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Chemicals
(continued)
INEOS
US
Finance
LLC
Term
Loan
B
7.82%,
02/18/2030
(m)
$
542‌
$
544‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
8.44%,
02/07/2031
(m)
299‌
301‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
INEOS
US
Petrochem
LLC
Term
Loan
B
8.92%,
04/02/2029
(m)
204‌
204‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
8.94%,
10/01/2031
(m)
220‌
221‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
NIC
Acquisition
Corp
Term
Loan
B
8.62%,
12/29/2027
(m)
352‌
315‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
Nouryon
Finance
BV
Term
Loan
B
7.78%,
04/03/2028
(m)
996‌
1,005‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.25%
USALCO
LLC
Term
Loan
B
8.57%,
09/17/2031
(m)
204‌
206‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
WR
Grace
Holdings
LLC
Term
Loan
B
7.85%,
09/22/2028
(m)
30‌
30‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.25%
$
4,501‌
Commercial
Services
-
0.30%
Allied
Universal
Holdco
LLC
Term
Loan
B
8.54%,
05/12/2028
(m)
706‌
711‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Anticimex
Global
AB
Term
Loan
B1
8.48%,
11/16/2028
(m)
598‌
599‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
AVSC
Holding
Corp
PIK
Term
Loan
B3
5.00%,
PIK
10.00%,
10/15/2026
(l),(m)
248‌
249‌
Belron
Finance
2019
LLC
Term
Loan
B
7.27%,
10/01/2031
(m)
176‌
178‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Boost
Newco
Borrower
LLC
Term
Loan
B1
7.10%,
01/31/2031
(m)
1,335‌
1,346‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.50%
Camelot
US
Acquisition
LLC
Term
Loan
B
7.32%,
01/31/2031
(m)
8‌
8‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
CHG
Healthcare
Services
Inc
Term
Loan
B1
8.30%,
09/29/2028
(m)
49‌
49‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Creative
Artists
Agency
LLC
Term
Loan
B
7.44%,
09/12/2031
(m)
202‌
203‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Driven
Brands
Holdings
Inc
7.69%,
12/17/2028
(m)
260‌
260‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
51
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Commercial
Services
(continued)
Ensemble
RCM
LLC
Term
Loan
B
7.59%,
08/01/2029
(m)
$
235‌
$
237‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.00%
Evertec
Group
LLC
7.34%,
10/12/2030
(m)
220‌
221‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
First
Advantage
Holdings
LLC
Term
Loan
B
7.82%,
09/19/2031
(m)
304‌
307‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Garda
World
Security
Corp
Term
Loan
B
8.11%,
02/01/2029
(m)
642‌
648‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Mister
Car
Wash
Holdings
Inc
Term
Loan
B
7.69%,
03/27/2031
(m)
389‌
390‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
OMNIA
Partners
LLC
Term
Loan
B
7.87%,
07/25/2030
(m)
384‌
386‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.25%
PG
Polaris
BidCo
Sarl
Term
Loan
B
7.60%,
03/26/2031
(m)
480‌
483‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Prime
Security
Services
Borrower
LLC
Term
Loan
B1
6.91%,
10/13/2030
(m)
537‌
538‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Signal
Parent
Inc
Term
Loan
B
8.29%,
04/03/2028
(m)
145‌
127‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Spin
Holdco
Inc
Term
Loan
B
9.26%,
03/03/2028
(m)
680‌
574‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
Wand
NewCo
3
Inc
Term
Loan
B
7.83%,
01/30/2031
(m)
533‌
537‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
WEX
Inc
Term
Loan
B
6.68%,
03/31/2028
(m)
207‌
207‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
XPLOR
T1
LLC
Term
Loan
B
8.85%,
06/24/2031
(m)
180‌
181‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.25%
$
8,439‌
Computers
-
0.12%
Amentum
Holdings
Inc
Term
Loan
B
6.93%,
07/30/2031
(m)
377‌
374‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Fortress
Intermediate
3
Inc
Term
Loan
B
8.44%,
06/27/2031
(m)
264‌
264‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Javelin
Buyer
Inc
0.00%,
10/08/2031
(m),(n)
318‌
320‌
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Computers
(continued)
McAfee
Corp
Term
Loan
B1
7.91%,
03/01/2029
(m)
$
402‌
$
403‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
NCR
Atleos
Corp
Term
Loan
B
8.40%,
03/27/2029
(m)
134‌
134‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Perforce
Software
Inc
Term
Loan
8.53%,
07/01/2026
(m)
344‌
343‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Perforce
Software
Inc
Term
Loan
B
9.43%,
03/21/2031
(m)
205‌
205‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.75%
Synechron
Inc
Term
Loan
B
8.36%,
09/26/2031
(m)
250‌
252‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
Tempo
Acquisition
LLC
Term
Loan
B1
6.94%,
08/31/2028
(m)
412‌
413‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
VeriFone
Systems
Inc
Term
Loan
0.00%,
08/08/2025
(m),(n)
586‌
548‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
Vision
Solutions
Inc
Term
Loan
B
8.85%,
04/23/2028
(m)
278‌
275‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
$
3,531‌
Distribution
&
Wholesale
-
0.05%
Core
&
Main
LP
Term
Loan
D
6.59%,
07/27/2028
(m)
278‌
278‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
Fastlane
Parent
Co
Inc
Term
Loan
B
9.07%,
09/04/2028
(m)
135‌
127‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.50%
Gates
Corp/DE
Term
Loan
B5
6.94%,
06/04/2031
(m)
465‌
467‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Windsor
Holdings
III
LLC
Term
Loan
B
8.10%,
08/01/2030
(m)
668‌
676‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
$
1,548‌
Diversified
Financial
Services
-
0.03%
Avolon
TLB
Borrower
1
US
LLC
Term
Loan
B4
6.21%,
02/12/2027
(m)
144‌
144‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.50%
Ditech
Holding
Corp
0.00%,
06/30/2022
(f),(m)
792‌
22‌
Prime
Rate
+
6.00%
Fly
Funding
II
Sarl
Term
Loan
B
8.50%,
08/11/2025
(m)
307‌
301‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.75%
FNZ
USA
FinCo
LLC
Term
Loan
B
0.00%,
11/05/2031
(m),(n)
125‌
123‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.00%
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
52
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Diversified
Financial
Services
(continued)
Focus
Financial
Partners
LLC
Term
Loan
B8
7.82%,
09/10/2031
(m)
$
140‌
$
141‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Kestra
Advisor
Services
Holdings
A
Inc
Term
Loan
B
9.06%,
03/19/2031
(m)
241‌
243‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
$
974‌
Electric
-
0.11%
EFS
Cogen
Holdings
I
LLC
Term
Loan
B
8.11%,
10/03/2031
(m)
130‌
131‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
Kestrel
Acquisition
LLC
Term
Loan
B
8.03%,
10/29/2031
(m)
200‌
201‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Talen
Energy
Supply
LLC
Term
Loan
B
8.02%,
05/17/2030
(m)
1,412‌
1,419‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
Talen
Energy
Supply
LLC
Term
Loan
C
8.02%,
05/17/2030
(m)
962‌
967‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
Vistra
Zero
Operating
Co
LLC
Term
Loan
B
7.32%,
04/30/2031
(m)
269‌
271‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
$
2,989‌
Electronics
-
0.01%
Coherent
Corp
Term
Loan
B
7.18%,
07/01/2029
(m)
76‌
76‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Ingram
Micro
Inc
Term
Loan
B1
7.56%,
09/17/2031
(m)
179‌
181‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.75%
Project
Castle
Inc
9.66%,
06/01/2029
(m)
112‌
102‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
5.50%
$
359‌
Engineering
&
Construction
-
0.05%
Apple
Bidco
LLC
Term
Loan
7.44%,
07/14/2028
(m)
269‌
270‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Apple
Bidco
LLC
Term
Loan
B
8.07%,
09/22/2028
(m)
245‌
247‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
ArchKey
Holdings
Inc
0.00%,
10/10/2031
(m),(n)
273‌
275‌
Brown
Group
Holding
LLC
Term
Loan
B1
7.32%,
07/01/2031
(m)
484‌
485‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Brown
Group
Holding
LLC
Term
Loan
B2
7.36%,
07/01/2031
(m)
49‌
49‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.75%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Engineering
&
Construction
(continued)
Centuri
Group
Inc
Term
Loan
B
7.19%,
08/18/2028
(m)
$
233‌
$
233‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
$
1,559‌
Entertainment
-
0.28%
Allwyn
International
A.S.
6.91%,
05/30/2031
(m)
215‌
215‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.25%
AMC
Entertainment
Holdings
Inc
Term
Loan
11.59%,
01/04/2029
(m)
655‌
665‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
7.00%
Caesars
Entertainment
Inc
Term
Loan
B
6.93%,
02/06/2030
(m)
771‌
775‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.25%
Caesars
Entertainment
Inc
Term
Loan
B1
6.94%,
02/06/2031
(m)
223‌
224‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.25%
Cinemark
USA
Inc
Term
Loan
B
7.91%,
05/24/2030
(m)
245‌
246‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Crown
Finance
US
Inc
PIK
Term
Loan
Exit
6.30%,
PIK
7.00%,
07/31/2028
(l),(m)
1,802‌
1,808‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
8.50%
Crown
Finance
US
Inc
Term
Loan
B
0.00%,
10/31/2031
(m),(n)
375‌
373‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.25%
Entain
PLC
Term
Loan
B
8.01%,
10/31/2029
(m)
678‌
681‌
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
2.75%
Everi
Holdings
Inc
Term
Loan
7.19%,
06/30/2028
(m)
56‌
56‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Flutter
Financing
BV
Term
Loan
B
6.60%,
11/30/2030
(m)
619‌
622‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.25%
Light
&
Wonder
International
Inc
Term
Loan
B2
6.86%,
04/14/2029
(m)
249‌
251‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Merlin
Entertainment
8.10%,
11/12/2029
(m)
615‌
609‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Scientific
Games
Holdings
LP
Term
Loan
B
7.59%,
04/04/2029
(m)
616‌
618‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.00%
SeaWorld
Parks
&
Entertainment
Inc
Term
Loan
B2
7.19%,
08/25/2028
(m)
384‌
384‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Six
Flags
Entertainment
Corp
Term
Loan
B
6.67%,
04/18/2031
(m)
90‌
90‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
53
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Entertainment
(continued)
William
Morris
Endeavor
Entertainment
LLC
Term
Loan
B1
7.44%,
05/18/2025
(m)
$
209‌
$
209‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
$
7,826‌
Environmental
Control
-
0.06%
GFL
Environmental
Inc
Term
Loan
B
6.61%,
07/03/2031
(m)
425‌
426‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.00%
Madison
IAQ
LLC
Term
Loan
B
7.89%,
06/21/2028
(m)
269‌
270‌
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
2.75%
Reworld
Holding
Corp
Term
Loan
B
7.08%,
11/30/2028
(m)
193‌
194‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Reworld
Holding
Corp
Term
Loan
C
7.57%,
11/30/2028
(m)
15‌
15‌
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
2.50%
Win
Waste
Innovations
Holdings
Inc
Term
Loan
7.55%,
03/24/2028
(m)
720‌
696‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
$
1,601‌
Food
-
0.04%
8th
Avenue
Food
&
Provisions
Inc
Term
Loan
B
8.44%,
10/01/2025
(m)
397‌
382‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
9.55%,
10/01/2025
(m)
64‌
62‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.75%
Aspire
Bakeries
Hldgs
LLC
0.00%,
12/13/2030
(m),(n)
140‌
141‌
CHG
PPC
Parent
LLC
Term
Loan
B
7.69%,
12/08/2028
(m)
352‌
352‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Fiesta
Purchaser
Inc
Term
Loan
B
8.55%,
01/31/2031
(m)
243‌
244‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
$
1,181‌
Hand
&
Machine
Tools
-
0.01%
Madison
Safety
Flow
LLC
7.82%,
09/19/2031
(m)
170‌
172‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Healthcare
-
Products
-
0.10%
Bausch
+
Lomb
Corp
Term
Loan
B
7.94%,
05/10/2027
(m)
653‌
655‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Insulet
Corp
Term
Loan
B
7.19%,
08/01/2031
(m)
180‌
181‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Medline
Borrower
LP
Term
Loan
B
6.94%,
10/23/2028
(m)
1,396‌
1,404‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Healthcare
-
Products
(continued)
Resonetics
LLC
Unitranche
Term
Loan
B
8.37%,
06/18/2031
(m)
$
236‌
$
238‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Viant
Medical
Holdings
Inc
8.60%,
10/17/2031
(m)
238‌
240‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
Vyaire
Medical
Inc
0.00%,
04/16/2025
(f),(i),(m)
510‌
—‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.75%
5.45%,
PIK
6.00%,
10/10/2024
(i),(l),(m)
339‌
40‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.00%
$
2,758‌
Healthcare
-
Services
-
0.23%
ADMI
Corp
Term
Loan
B1
10.32%,
12/23/2027
(m)
198‌
198‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.75%
Concentra
Health
Services
Inc
Term
Loan
B
6.94%,
07/26/2031
(m)
175‌
176‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Global
Medical
Response
Inc
PIK
Term
Loan
B
10.10%,
PIK
0.75%,
10/31/2028
(l),(m)
391‌
392‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.75%
National
Mentor
Holdings
Inc
Term
Loan
B
8.43%,
03/02/2028
(m)
466‌
460‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
National
Mentor
Holdings
Inc
Term
Loan
C
8.46%,
03/02/2028
(m)
14‌
14‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
Onex
TSG
Intermediate
Corp
Term
Loan
B
9.60%,
02/25/2028
(m)
59‌
59‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.75%
Pacific
Dental
Services
Inc
Term
Loan
B
7.36%,
03/15/2031
(m)
392‌
395‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Phoenix
Guarantor
Inc
Term
Loan
B4
7.82%,
02/21/2031
(m)
704‌
710‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Phoenix
Newco
Inc
Term
Loan
B
7.57%,
11/15/2028
(m)
1,539‌
1,549‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Radiology
Partners
Inc
8.88%,
PIK
1.50%,
01/31/2029
(l),(m)
422‌
419‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
Select
Medical
Corp
Term
Loan
B1
7.43%,
03/06/2027
(m)
123‌
123‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Select
Medical
Corp
Term
Loan
B
0.00%,
11/18/2031
(m),(n)
31‌
31‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
54
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Healthcare
-
Services
(continued)
Sound
Inpatient
Physicians
Inc
PIK
Term
Loan
B
9.87%,
PIK
1.50%,
06/28/2028
(l),(m)
$
234‌
$
211‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
Surgery
Center
Holdings
Inc
Term
Loan
7.34%,
12/19/2030
(m)
1,085‌
1,092‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Team
Health
Holdings
Inc
Term
Loan
B
9.84%,
03/02/2027
(m)
743‌
722‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
5.25%
US
Radiology
Specialists
Inc
Term
Loan
B
9.35%,
12/15/2027
(m)
36‌
36‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.75%
$
6,587‌
Holding
Companies
-
Diversified
-
0.02%
Cornerstone
Generation
LLC
0.00%,
10/28/2031
(m),(n)
484‌
487‌
Home
Furnishings
-
0.06%
AI
Aqua
Merger
Sub
Inc
Term
Loan
B
8.16%,
07/30/2028
(m)
832‌
838‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
MillerKnoll
Inc
Term
Loan
B
6.69%,
07/19/2028
(m)
228‌
228‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
Tempur
Sealy
International
Inc
Term
Loan
B
2.50%,
10/03/2031
(m)
250‌
251‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Weber-Stephen
Products
LLC
Term
Loan
B
7.94%,
10/30/2027
(m)
392‌
371‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Weber-Stephen
Products
LLC
Term
Loan
9.04%,
10/30/2027
(m)
25‌
24‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
$
1,712‌
Insurance
-
0.28%
Acrisure
LLC
Term
Loan
B6
7.85%,
11/06/2030
(m)
646‌
647‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Alliant
Holdings
Intermediate
LLC
Term
Loan
B6
7.35%,
09/12/2031
(m)
1,080‌
1,086‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
AmWINS
Group
Inc
Term
Loan
B
6.95%,
02/21/2028
(m)
47‌
47‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
AssuredPartners
Inc
Term
Loan
B5
8.07%,
02/14/2031
(m)
348‌
350‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Asurion
LLC
Term
Loan
B8
7.94%,
12/23/2026
(m)
722‌
722‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Asurion
LLC
Term
Loan
B9
7.94%,
07/31/2027
(m)
149‌
149‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Insurance
(continued)
Asurion
LLC
Term
Loan
B11
8.92%,
08/19/2028
(m)
$
30‌
$
30‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
BroadStreet
Partners
Inc
Term
Loan
B4
7.88%,
06/14/2031
(m)
1,261‌
1,267‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
HUB
International
Ltd
Term
Loan
B
7.37%,
06/20/2030
(m)
1,294‌
1,303‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.75%
Sedgwick
Claims
Management
Services
Inc
Term
Loan
B
7.59%,
07/31/2031
(m)
655‌
660‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.00%
TIH
Insurance
Holdings
LLC
Term
Loan
B
7.85%,
05/06/2031
(m)
393‌
394‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.25%
USI
Inc/NY
Term
Loan
B
7.35%,
11/21/2029
(m)
731‌
735‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.75%
7.35%,
09/27/2030
(m)
475‌
477‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.75%
$
7,867‌
Internet
-
0.06%
Catalina
Marketing
Corp
0.00%,
PIK
14.30%,
04/23/2027
(l),(m)
147‌
136‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
9.50%
CNT
Holdings
I
Corp
Term
Loan
B
8.09%,
11/08/2027
(m)
739‌
744‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
Gen
Digital
Inc
Term
Loan
B1
6.44%,
09/12/2029
(m)
545‌
545‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.75%
Proofpoint
Inc
Term
Loan
B
7.57%,
08/31/2028
(m)
420‌
422‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
$
1,847‌
Investment
Companies
-
0.01%
Aragorn
Parent
Corp
Term
Loan
B
8.59%,
12/15/2028
(m)
263‌
265‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
Leisure
Products
&
Services
-
0.11%
Alterra
Mountain
Co
7.38%,
08/17/2028
(m)
120‌
120‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Alterra
Mountain
Co
Term
Loan
B
7.63%,
05/31/2030
(m)
456‌
459‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Carnival
Corp
Term
Loan
B
7.43%,
08/08/2027
(m)
194‌
196‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
7.44%,
10/18/2028
(m)
184‌
185‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
55
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Leisure
Products
&
Services
(continued)
ClubCorp
Holdings
Inc
Term
Loan
B
9.87%,
09/18/2026
(m)
$
724‌
$
726‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
5.00%
GBT
US
III
LLC
Term
Loan
B
7.63%,
07/25/2031
(m)
220‌
221‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.00%
Hayward
Industries
Inc
Term
Loan
B
7.19%,
05/28/2028
(m)
595‌
599‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
SRAM
LLC
Term
Loan
B
7.55%,
05/18/2028
(m)
285‌
286‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Topgolf
Callaway
Brands
Corp
Term
Loan
B
7.57%,
03/16/2030
(m)
229‌
228‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
$
3,020‌
Lodging
-
0.02%
Fertitta
Entertainment
LLC/NV
Term
Loan
8.07%,
01/13/2029
(m)
571‌
574‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Machinery
-
Diversified
-
0.09%
Chart
Industries
Inc
Term
Loan
B
4.59%,
03/15/2030
(m)
546‌
548‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.50%
Titan
Acquisition
Ltd/Canada
Term
Loan
B
9.57%,
02/01/2029
(m)
345‌
347‌
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
5.00%
TK
Elevator
US
Newco
Inc
Term
Loan
B
8.59%,
04/30/2030
(m)
1,167‌
1,176‌
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
3.50%
Victory
Buyer
LLC
Term
Loan
8.58%,
11/18/2028
(m)
648‌
630‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
$
2,701‌
Media
-
0.16%
Cengage
Learning
Inc
Term
Loan
B
8.04%,
03/22/2031
(m)
309‌
310‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Century
DE
Buyer
LLC
Term
Loan
8.60%,
09/27/2030
(m)
387‌
389‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
CSC
Holdings
LLC
Term
Loan
B5
7.17%,
04/15/2027
(m)
710‌
653‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
CSC
Holdings
LLC
Term
Loan
B6
9.11%,
01/18/2028
(m)
246‌
241‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.50%
Directv
Financing
LLC
Term
Loan
Non-Extended
9.85%,
08/02/2027
(m)
322‌
324‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.00%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Media
(continued)
iHeartCommunications
Inc
Term
Loan
B
7.69%,
05/01/2026
(m)
$
67‌
$
58‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
7.94%,
05/01/2026
(m)
168‌
146‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
McGraw-Hill
Education
Inc
Term
Loan
B
8.60%,
08/06/2031
(m)
282‌
286‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
NEP
Group
Inc
PIK
Term
Loan
B
8.12%,
PIK
1.50%,
08/19/2026
(l),(m)
515‌
486‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.25%
Nexstar
Media
Inc
Term
Loan
B4
7.19%,
09/18/2026
(m)
287‌
288‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Sunrise
Financing
Partnership
Term
Loan
AX
7.65%,
01/31/2029
(m)
260‌
262‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Virgin
Media
Bristol
LLC
Term
Loan
Y
7.72%,
03/31/2031
(m)
219‌
217‌
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
3.25%
Ziggo
Financing
Partnership
Term
Loan
I
7.22%,
04/28/2028
(m)
861‌
857‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
$
4,517‌
Mining
-
0.02%
Arsenal
AIC
Parent
LLC
Term
Loan
B
7.94%,
08/18/2030
(m)
480‌
484‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Packaging
&
Containers
-
0.10%
Berlin
Packaging
LLC
Term
Loan
B7
8.42%,
06/09/2031
(m)
120‌
120‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Clydesdale
Acquisition
Holdings
Inc
Term
Loan
B
7.75%,
04/13/2029
(m)
460‌
462‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.18%
Klockner
Pentaplast
of
America
Inc
Term
Loan
B
9.72%,
02/12/2026
(m)
475‌
454‌
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
4.73%
LABL
Inc
Term
Loan
B
9.70%,
10/27/2028
(m)
520‌
507‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.00%
Pactiv
Evergreen
Group
Holdings
Inc
Term
Loan
B4
7.17%,
09/24/2028
(m)
594‌
598‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Plaze
Inc
Term
Loan
B
8.44%,
08/03/2026
(m)
107‌
97‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Proampac
PG
Borrower
LLC
Term
Loan
B
8.60%,
09/15/2028
(m)
376‌
376‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
56
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Packaging
&
Containers
(continued)
SupplyOne
Inc
Term
Loan
B
8.32%,
03/27/2031
(m)
$
234‌
$
236‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
$
2,850‌
Pharmaceuticals
-
0.10%
Amneal
Pharmaceuticals
LLC
Term
Loan
B
10.19%,
05/04/2028
(m)
164‌
168‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.50%
Barentz
International
BV
8.70%,
03/03/2031
(m)
227‌
227‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
Gainwell
Acquisition
Corp
Term
Loan
B
8.70%,
10/01/2027
(m)
573‌
548‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
Jazz
Financing
Lux
Sarl
Term
Loan
B2
6.82%,
05/05/2028
(m)
1,161‌
1,166‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Organon
&
Co
Term
Loan
B
7.10%,
05/19/2031
(m)
546‌
550‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Packaging
Coordinators
Midco
Inc
Term
Loan
7.84%,
11/30/2027
(m)
120‌
121‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.25%
$
2,780‌
Pipelines
-
0.09%
BCP
Renaissance
Parent
LLC
7.61%,
10/31/2028
(m)
279‌
280‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
EPIC
Crude
Services
LP
Term
Loan
B
7.66%,
10/10/2031
(m)
250‌
252‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.00%
Freeport
LNG
Investments
LLLP
7.88%,
11/17/2026
(m)
784‌
782‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.00%
Freeport
LNG
Investments
LLLP
Term
Loan
B
8.38%,
12/21/2028
(m)
570‌
570‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
New
Fortress
Energy
Inc
Term
Loan
B
0.00%,
10/27/2028
(m),(n)
327‌
304‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
5.00%
Oryx
Midstream
Services
Permian
Basin
LLC
Term
Loan
B
7.72%,
10/05/2028
(m)
306‌
308‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Traverse
Midstream
Partners
LLC
Term
Loan
B
8.08%,
02/16/2028
(m)
38‌
39‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
$
2,535‌
Real
Estate
-
0.03%
Cushman
&
Wakefield
US
Borrower
LLC
Term
Loan
B
7.68%,
01/31/2030
(m)
512‌
515‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Real
Estate
(continued)
Forest
City
Enterprises
LP
Term
Loan
B
8.19%,
12/07/2025
(m)
$
369‌
$
359‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
$
874‌
Retail
-
0.12%
1011778
BC
ULC
Term
Loan
B6
6.44%,
09/20/2030
(m)
578‌
577‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.75%
Academy
Ltd
Term
Loan
8.54%,
11/05/2027
(m)
73‌
73‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
EG
America
LLC
Term
Loan
BC
10.44%,
02/07/2028
(m)
265‌
265‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.50%
IRB
Holding
Corp
Term
Loan
B
7.54%,
12/15/2027
(m)
650‌
653‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Johnstone
Supply
LLC
Term
Loan
B
7.64%,
05/16/2031
(m)
320‌
322‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Kodiak
BP
LLC
Term
Loan
B2
8.32%,
03/17/2028
(m)
172‌
171‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
LBM
Acquisition
LLC
Term
Loan
B
8.47%,
06/06/2031
(m)
189‌
186‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
8.54%,
12/17/2027
(m)
119‌
119‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
LS
Group
OpCo
Acquistion
LLC
Term
Loan
B
7.68%,
04/23/2031
(m)
208‌
209‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
MITER
Brands
Acquisition
Holdco
Inc
Term
Loan
B2
7.57%,
03/21/2031
(m)
105‌
106‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
PetSmart
LLC
Term
Loan
B
8.42%,
02/11/2028
(m)
458‌
458‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
RH
Term
Loan
B
7.19%,
10/20/2028
(m)
275‌
268‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Serta
Simmons
Bedding
LLC
Term
Loan
Exit
12.21%,
06/29/2028
(m)
20‌
17‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
7.50%
White
Cap
Supply
Holdings
LLC
Term
Loan
B
7.94%,
10/19/2029
(m)
125‌
126‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
$
3,550‌
Software
-
0.57%
Avaya
Inc
PIK
Term
Loan
Exit
12.19%,
PIK
0.00%,
07/31/2028
(l),(m)
912‌
771‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
7.50%
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
57
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Software
(continued)
Azalea
Topco
Inc
Term
Loan
B
7.82%,
04/30/2031
(m)
$
288‌
$
289‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Boxer
Parent
Co
Inc
Term
Loan
B
8.34%,
07/30/2031
(m)
1,437‌
1,446‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
Ceridian
HCM
Holding
Inc
7.09%,
03/01/2031
(m)
231‌
233‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Cotiviti
Inc
Term
Loan
B
7.67%,
05/01/2031
(m)
718‌
721‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
DS
Admiral
Bidco
LLC
Term
Loan
B
8.93%,
06/26/2031
(m)
149‌
142‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.25%
DTI
Holdco
Inc
Term
Loan
B
9.44%,
04/26/2029
(m)
210‌
212‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.75%
Dun
&
Bradstreet
Corp/The
Term
Loan
B2
6.84%,
01/18/2029
(m)
5‌
5‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Ellucian
Holdings
Inc
7.59%,
10/09/2029
(m)
528‌
534‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Envestnet
Inc/BCPE
Pequod
Buyer
Inc
0.00%,
09/19/2031
(m),(n)
210‌
211‌
Epicor
Software
Corp
Term
Loan
7.94%,
05/23/2031
(m)
1,041‌
1,048‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Genesys
Cloud
Services
Holdings
II
LLC
Term
Loan
B
7.57%,
12/01/2027
(m)
673‌
679‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Icon
Parent
Inc
7.52%,
09/11/2031
(m)
757‌
762‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.00%
Informatica
LLC
Term
Loan
B
6.93%,
10/27/2028
(m)
705‌
707‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Leia
Finco
US
LLC
Term
Loan
B
7.89%,
10/09/2031
(m)
675‌
675‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.25%
Marcel
Bidco
LLC
8.07%,
11/11/2030
(m)
40‌
40‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Mitchell
International
Inc
Term
Loan
B
7.82%,
06/17/2031
(m)
621‌
622‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Open
Text
Corp
Term
Loan
B
6.94%,
01/31/2030
(m)
403‌
403‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Software
(continued)
PointClickCare
Technologies
Inc
Term
Loan
B
7.82%,
10/10/2031
(m)
$
225‌
$
226‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Project
Ruby
Ultimate
Parent
Corp
Term
Loan
B
8.05%,
03/10/2028
(m)
240‌
242‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Quartz
Acquireco
LLC
Term
Loan
B
7.35%,
06/28/2030
(m)
464‌
466‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.75%
Rackspace
Finance
LLC
Term
Loan
B
7.50%,
05/15/2028
(m)
454‌
275‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
11.00%,
05/15/2028
(m)
231‌
238‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.25%
Riverbed
Technology
7.10%,
PIK
2.00%,
07/01/2028
(l),(m)
587‌
353‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.50%
Rocket
Software
Inc
Term
Loan
B
8.87%,
11/28/2028
(m)
643‌
646‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.75%
SS&C
Technologies
Inc
Term
Loan
B8
6.69%,
05/09/2031
(m)
202‌
203‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
Thunder
Generation
Funding
LLC
Term
Loan
B
7.61%,
09/27/2031
(m)
206‌
207‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.00%
UKG
Inc
Term
Loan
B
7.62%,
01/30/2031
(m)
1,822‌
1,834‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.00%
VS
Buyer
LLC
Term
Loan
B
7.36%,
04/12/2031
(m)
229‌
231‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
West
Technology
Group
LLC
Term
Loan
B3
8.84%,
04/09/2027
(m)
461‌
380‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
Zelis
Payments
Buyer
Inc
Term
Loan
B
7.44%,
09/28/2029
(m)
863‌
862‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
ZoomInfo
LLC
Term
Loan
B
6.32%,
02/28/2030
(m)
410‌
407‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.75%
$
16,070‌
Telecommunications
-
0.40%
Altice
France
SA
Term
Loan
B11
7.43%,
07/31/2025
(m)
135‌
124‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Altice
France
SA
Term
Loan
B12
8.37%,
01/31/2026
(m)
149‌
127‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.69%
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
58
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Telecommunications
(continued)
Altice
France
SA
Term
Loan
B13
8.68%,
08/14/2026
(m)
$
457‌
$
383‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
Cincinnati
Bell
Inc
Term
Loan
B2
8.04%,
11/23/2028
(m)
365‌
367‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
CommScope
LLC
Term
Loan
B2
7.94%,
04/06/2026
(m)
2,021‌
1,978‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Cyborg
Oldco
DC
Holdings
Inc
Term
Loan
B
0.00%,
05/01/2024
(f),(m)
277‌
—‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Delta
Topco
Inc
Term
Loan
B
8.20%,
11/30/2029
(m)
926‌
932‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
Digicel
International
Finance
Ltd
PIK
Term
Loan
B
9.84%,
PIK
1.50%,
05/25/2027
(l),(m)
612‌
585‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
5.15%
EOS
US
Finco
LLC
Term
Loan
11.26%,
10/06/2029
(m)
250‌
176‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
6.00%
Frontier
Communications
Holdings
LLC
Term
Loan
B
8.76%,
07/01/2031
(m)
1,324‌
1,335‌
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
3.50%
Level
3
Financing
Inc
Term
Loan
B1
11.13%,
04/15/2029
(m)
1,258‌
1,284‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.56%
Level
3
Financing
Inc
Term
Loan
B2
11.13%,
04/15/2030
(m)
1,116‌
1,140‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.56%
Lumen
Technologies
Inc
Term
Loan
A
0.00%,
06/01/2028
(m),(n)
286‌
286‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.00%
Lumen
Technologies
Inc
Term
Loan
B2
7.04%,
04/15/2030
(m)
727‌
673‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.35%
MLN
US
Holdco
LLC
11.39%,
10/18/2027
(m)
615‌
23‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
6.80%
MLN
US
Holdco
LLC
Term
Loan
9.41%,
11/30/2025
(m)
1,058‌
27‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.50%
Syniverse
Holdings
LLC/DE
Term
Loan
11.63%,
05/13/2027
(m)
391‌
389‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
7.00%
Zayo
Group
Holdings
Inc
Term
Loan
B
7.69%,
03/09/2027
(m)
1,662‌
1,588‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
$
11,417‌
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Transportation
-
0.00%
PODS
LLC
Term
Loan
B
7.85%,
03/31/2028
(m)
$
70‌
$
65‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.00%
TOTAL
SENIOR
FLOATING
RATE
INTERESTS
$
116,395‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
-
23.32%
Principal
Amount
(000's)
Value
(000's)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
-
0.61%
5.00%,
12/01/2054
(o)
$
1,693‌
$
1,661‌
5.50%,
12/01/2054
(o)
12,300‌
12,285‌
6.00%,
12/01/2054
(o)
3,271‌
3,309‌
$
17,255‌
U.S.
Treasury
-
0.03%
3.00%,
02/15/2049
1,005‌
779‌
U.S.
Treasury
Bill
-
13.44%
4.40%,
05/29/2025
(a),(p)
8,900‌
8,711‌
4.43%,
02/06/2025
(a),(p)
4,700‌
4,662‌
4.47%,
01/14/2025
(a),(p)
14,050‌
13,975‌
4.50%,
01/07/2025
(a),(p)
40,265‌
40,085‌
4.52%,
12/31/2024
(a),(p)
22,700‌
22,617‌
4.54%,
12/26/2024
(a),(p)
41,950‌
41,823‌
4.55%,
12/19/2024
(a),(p)
21,950‌
21,903‌
4.55%,
01/21/2025
(a),(p)
32,070‌
31,871‌
4.58%,
03/06/2025
(a),(p),(q)
30,265‌
29,918‌
4.61%,
12/24/2024
(a),(p),(q),(r)
26,225‌
26,152‌
4.65%,
12/17/2024
(a),(p)
36,705‌
36,635‌
4.67%,
12/03/2024
(a),(p)
1,725‌
1,725‌
4.79%,
12/10/2024
(a),(p)
32,600‌
32,567‌
4.80%,
01/30/2025
(a),(p),(r)
16,760‌
16,638‌
4.81%,
01/23/2025
(a),(p)
2,800‌
2,782‌
4.94%,
12/12/2024
(a),(p)
210‌
210‌
5.27%,
12/05/2024
(a),(p),(q),(r)
49,690‌
49,672‌
$
381,946‌
U.S.
Treasury
Inflation-Indexed
Obligations
-
9.24%
0.13%,
07/15/2026
5,008‌
4,883‌
0.13%,
10/15/2026
2,602‌
2,527‌
0.13%,
04/15/2027
9,168‌
8,803‌
0.13%,
01/15/2030
8,529‌
7,834‌
0.13%,
07/15/2030
9,131‌
8,339‌
0.13%,
01/15/2031
9,587‌
8,639‌
0.13%,
07/15/2031
9,799‌
8,778‌
0.13%,
01/15/2032
10,709‌
9,475‌
0.13%,
02/15/2051
3,530‌
2,105‌
0.13%,
02/15/2052
3,970‌
2,339‌
0.25%,
07/15/2029
7,414‌
6,942‌
0.25%,
02/15/2050
3,520‌
2,211‌
0.38%,
01/15/2027
5,723‌
5,550‌
0.38%,
07/15/2027
7,534‌
7,289‌
0.50%,
01/15/2028
8,559‌
8,223‌
0.63%,
01/15/2026
8,098‌
7,971‌
0.63%,
07/15/2032
11,036‌
10,087‌
0.63%,
02/15/2043
3,641‌
2,809‌
0.75%,
07/15/2028
7,434‌
7,193‌
0.75%,
02/15/2042
4,460‌
3,587‌
0.75%,
02/15/2045
5,419‌
4,154‌
0.88%,
01/15/2029
6,201‌
5,981‌
0.88%,
02/15/2047
3,376‌
2,597‌
1.00%,
02/15/2046
2,842‌
2,267‌
1.00%,
02/15/2048
2,391‌
1,875‌
1.00%,
02/15/2049
1,485‌
1,155‌
1.13%,
01/15/2033
11,036‌
10,388‌
1.25%,
04/15/2028
6,218‌
6,102‌
1.38%,
07/15/2033
10,413‌
9,983‌
1.38%,
02/15/2044
4,775‌
4,187‌
1.50%,
02/15/2053
3,914‌
3,368‌
1.63%,
10/15/2027
7,232‌
7,221‌
1.63%,
10/15/2029
4,619‌
4,595‌
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
59
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
U.S.
Treasury
Inflation-Indexed
Obligations
(continued)
1.75%,
01/15/2028
$
3,483‌
$
3,479‌
1.75%,
01/15/2034
(q)
11,165‌
10,981‌
1.88%,
07/15/2034
10,566‌
10,517‌
2.00%,
01/15/2026
3,520‌
3,518‌
2.13%,
04/15/2029
9,613‌
9,727‌
2.13%,
02/15/2040
1,760‌
1,773‌
2.13%,
02/15/2041
2,874‌
2,898‌
2.13%,
02/15/2054
3,704‌
3,676‌
2.38%,
01/15/2027
3,754‌
3,797‌
2.38%,
10/15/2028
9,347‌
9,584‌
2.50%,
01/15/2029
3,270‌
3,362‌
3.38%,
04/15/2032
1,494‌
1,652‌
3.63%,
04/15/2028
3,561‌
3,767‌
3.88%,
04/15/2029
4,220‌
4,577‌
$
262,765‌
TOTAL
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
$
662,745‌
TOTAL
PURCHASED
OPTIONS
-
0.00%
$
53‌
TOTAL
PURCHASED
INTEREST
RATE
SWAPTIONS
-
0.00%
$
111‌
Total
Investments
$
2,873,551‌
Other
Assets
and
Liabilities
-  (1.09)%
(31,038‌)
TOTAL
NET
ASSETS
-
100.00%
$
2,842,513‌
(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)
The
Trust
is
not
registered
as
an
investment
company
under
the
Investment
Company
Act
of
1940,
as
amended,
and
is
not
required
to
register
under
such
act.
Consequently,
shareholders
do
not
have
the
regulatory
protections
provided
to
investors
in
registered
investment
companies.
The
Trust
sells
shares
under
the
Securities
Act
of
1933
and
files
reports
pursuant
to
the
Securities
Exchange
Act
of
1934.
(c)
1-day
yield
shown
is
as
of
period
end.
(d)
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
$14,381
or
0.51%
of
net
assets.
(e)
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.
(f)
Non-income
producing
security
(g)
Security
or
a
portion
of
the
security
was
on
loan.  At
the
end
of
the
period,
the
value
of
these
securities
totaled
$14,215
or
0.50%
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
$73,044
or
2.57%
of
net
assets.
(i)
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.
(j)
Restricted
Security.
Please
see
Restricted
Securities
sub-schedule
for
additional
information.
(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
November
30,
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
swap
and/or
swaption
contracts.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$8,811
or
0.31%
of
net
assets.
(r)
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
$26,375
or
0.93%
of
net
assets.
Affiliated
Securities
August
31,
2024
Purchases
Sales
November
30,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
4.53%
$
108,731‌
$
450,585‌
$
504,878‌
$
54,438‌
$
108,731‌
$
450,585‌
$
504,878‌
$
54,438‌
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
4.53%
$
685‌
$
—‌
$
—‌
$
—‌
$
685‌
$
—‌
$
—‌
$
—‌
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.
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
$
46‌
$
52‌
$
6‌
Put
-
Euro
Bond
10
Year
Bond
Future;
March
2025
N/A
21‌
EUR
21‌
EUR
133.00‌
12/23/2024
14‌
1‌
(13‌)
Total
$
60‌
$
53‌
$
(7‌)
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
60
Options
(continued)
Written
Options
Outstanding
Counterparty
Contracts/
Shares
Notional
Amount
Exercise
Price
Expiration
Date
Upfront
Receipts
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Put
-
Euro
Bond
10
Year
Bond
Future;
March
2025
N/A
21‌
EUR
21‌
EUR
131.00‌
12/23/2024
$
(4‌)
$
—‌
$
4‌
Total
$
(4‌)
$
—‌
$
4‌
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
Citigroup
Inc
Secured
Overnight
Financing
Rate
Annual
3.74%
Annual
$
56,892‌
3.74%
05/19/2025
$
122‌
$
111‌
$
(11‌)
Total
$
122‌
$
111‌
$
(11‌)
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
Citigroup
Inc
2.94%
Annual
Secured
Overnight
Financing
Rate
Annual
$
56,892‌
2.94%
05/19/2025
$
(33‌)
$
(29‌)
$
4‌
Call
-
10
Year
Interest
Rate
Swap
Deutsche
Bank
AG
2.80%
Annual
Secured
Overnight
Financing
Rate
Annual
599‌
2.80%
04/07/2025
(5‌)
(1‌)
4‌
Call
-
10
Year
Interest
Rate
Swap
Deutsche
Bank
AG
2.76%
Annual
Secured
Overnight
Financing
Rate
Annual
599‌
2.76%
04/03/2025
(5‌)
(1‌)
4‌
Call
-
10
Year
Interest
Rate
Swap
Deutsche
Bank
AG
2.76%
Annual
Secured
Overnight
Financing
Rate
Annual
599‌
2.76%
03/31/2025
(5‌)
(1‌)
4‌
Call
-
10
Year
Interest
Rate
Swap
JPMorgan
Chase
2.76%
Annual
Secured
Overnight
Financing
Rate
Annual
1,189‌
2.76%
03/31/2025
(10‌)
(2‌)
8‌
Call
-
10
Year
Interest
Rate
Swap
JPMorgan
Chase
2.76%
Annual
Secured
Overnight
Financing
Rate
Annual
1,198‌
2.76%
04/03/2025
(10‌)
(2‌)
8‌
Call
-
10
Year
Interest
Rate
Swap
JPMorgan
Chase
2.80%
Annual
Secured
Overnight
Financing
Rate
Annual
1,198‌
2.80%
04/03/2025
(10‌)
(2‌)
8‌
Put
-
10
Year
Interest
Rate
Swap
Deutsche
Bank
AG
Secured
Overnight
Financing
Rate
Annual
3.76%
Annual
599‌
3.76%
03/31/2025
(5‌)
(9‌)
(4‌)
Put
-
10
Year
Interest
Rate
Swap
Deutsche
Bank
AG
Secured
Overnight
Financing
Rate
Annual
3.76%
Annual
599‌
3.76%
04/03/2025
(6‌)
(10‌)
(4‌)
Put
-
10
Year
Interest
Rate
Swap
Deutsche
Bank
AG
Secured
Overnight
Financing
Rate
Annual
3.80%
Annual
599‌
3.80%
04/07/2025
(5‌)
(9‌)
(4‌)
Put
-
10
Year
Interest
Rate
Swap
JPMorgan
Chase
Secured
Overnight
Financing
Rate
Annual
3.76%
Annual
1,189‌
3.76%
03/31/2025
(10‌)
(18‌)
(8‌)
Put
-
10
Year
Interest
Rate
Swap
JPMorgan
Chase
Secured
Overnight
Financing
Rate
Annual
3.76%
Annual
1,198‌
3.76%
04/03/2025
(10‌)
(19‌)
(9‌)
Put
-
10
Year
Interest
Rate
Swap
JPMorgan
Chase
Secured
Overnight
Financing
Rate
Annual
3.80%
Annual
1,198‌
3.80%
04/03/2025
(10‌)
(17‌)
(7‌)
Total
$
(124‌)
$
(120‌)
$
4‌
Amounts
in
thousands.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
ASX
90
Day
Bank
Bill;
December
2025
Long
24‌
$
15,507‌
$
(9‌)
ASX
90
Day
Bank
Bill;
March
2025
Short
24‌
15,491‌
8‌
Brent
Crude;
February
2025
(a)
Long
283‌
20,331‌
(1,021‌)
Brent
Crude;
June
2025
(a)
Long
197‌
13,973‌
(735‌)
Brent
Crude;
March
2025
(a)
Long
133‌
9,509‌
(135‌)
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
61
Futures
Contracts
(continued)
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
Brent
Crude;
May
2025
(a)
Long
30‌
$
2,132‌
$
(105‌)
California
Carbon
Allowance
Vintage;
December
2025
(a)
Long
121‌
4,392‌
(40‌)
Canada
10
Year
Bond;
March
2025
Short
19‌
1,675‌
(41‌)
Cocoa;
May
2025
(a)
Long
68‌
6,140‌
793‌
Coffee
'C';
May
2025
(a)
Long
12‌
1,420‌
308‌
Copper;
March
2025
(a)
Long
492‌
50,922‌
(111‌)
Copper;
May
2025
(a)
Long
21‌
2,188‌
(112‌)
Corn;
March
2025
(a)
Long
303‌
6,560‌
(77‌)
Corn;
May
2025
(a)
Short
13‌
286‌
(2‌)
Cotton
No.2;
December
2025
(a)
Long
29‌
1,052‌
28‌
Cotton
No.2;
May
2025
(a)
Long
15‌
547‌
22‌
ECX
Emission;
December
2025
(a)
Short
38‌
2,831‌
(26‌)
Euribor;
December
2025
Short
6‌
1,557‌
(2‌)
Euro
Buxl
30
Year
Bond;
December
2024
Short
12‌
1,773‌
(51‌)
Euro
Milling
Wheat;
September
2025
(a)
Long
75‌
859‌
(27‌)
Frozen
Concentrated
Orange
Juice-A;
May
2025
(a)
Long
1‌
70‌
4‌
Gasoline
RBOB;
January
2025
(a)
Long
81‌
6,460‌
(205‌)
Gasoline
RBOB;
May
2025
(a)
Long
9‌
802‌
(29‌)
Gold
100
oz;
April
2025
(a)
Long
19‌
5,134‌
(16‌)
Gold
100
oz;
February
2025
(a)
Long
225‌
60,323‌
141‌
ICE
3
Month
Sterling
Overnight
Index
Average;
December
2025
Long
5‌
1,529‌
3‌
ICE
Endex
Dutch
TTF
Natural
Gas;
April
2025
(a)
Short
86‌
3,054‌
(814‌)
ICE
Endex
Dutch
TTF
Natural
Gas;
January
2025
(a)
Long
46‌
1,729‌
127‌
KC
HRW
Wheat;
March
2025
(a)
Long
418‌
11,302‌
(669‌)
KC
HRW
Wheat;
May
2025
(a)
Long
13‌
357‌
(30‌)
Lean
Hogs;
April
2025
(a)
Short
26‌
944‌
(26‌)
Live
Cattle;
April
2025
(a)
Long
10‌
763‌
8‌
LME
Copper;
December
2024
(a)
Short
—‌
—‌
(2,276‌)
LME
Lead;
March
2025
(a)
Short
—‌
—‌
(13‌)
LME
Lead;
May
2025
(a)
Long
4‌
210‌
1‌
LME
Nickel;
December
2024
(a)
Short
—‌
—‌
(169‌)
LME
Nickel;
March
2025
(a)
Short
—‌
—‌
(25‌)
LME
Nickel;
May
2025
(a)
Long
7‌
677‌
(9‌)
LME
PRI
Alum;
December
2024
(a)
Short
—‌
—‌
(114‌)
LME
PRI
Alum;
December
2024
(a)
Short
—‌
—‌
1,384‌
LME
PRI
Alum;
January
2025
(a)
Long
23‌
1,492‌
(36‌)
LME
PRI
Alum;
March
2025
(a)
Short
—‌
—‌
(15‌)
LME
PRI
Alum;
March
2025
(a)
Long
193‌
12,547‌
(179‌)
LME
PRI
Alum;
May
2025
(a)
Long
30‌
1,954‌
(32‌)
LME
Zinc;
December
2024
(a)
Short
—‌
—‌
(163‌)
LME
Zinc;
March
2025
(a)
Short
—‌
—‌
(19‌)
LME
Zinc;
March
2025
(a)
Long
71‌
5,516‌
158‌
LME
Zinc;
May
2025
(a)
Long
9‌
697‌
12‌
Low
Sulphur
Gasoline;
January
2025
(a)
Long
21‌
1,411‌
(13‌)
Low
Sulphur
Gasoline;
May
2025
(a)
Long
7‌
465‌
(13‌)
Natural
Gas;
January
2025
(a)
Long
133‌
4,472‌
307‌
Natural
Gas;
March
2025
(a)
Long
78‌
2,296‌
(116‌)
Natural
Gas;
October
2025
(a)
Long
280‌
9,612‌
235‌
NY
Harb
ULSD;
March
2025
(a)
Long
40‌
3,660‌
(158‌)
NY
Harb
ULSD;
May
2025
(a)
Long
7‌
633‌
(32‌)
Platinum;
January
2025
(a)
Long
106‌
5,057‌
(183‌)
SGX
Iron
Ore
62%;
January
2025
(a)
Long
714‌
7,427‌
181‌
Silver;
March
2025
(a)
Long
55‌
8,555‌
(128‌)
Silver;
May
2025
(a)
Long
16‌
2,510‌
(136‌)
Soybean
Meal;
January
2025
(a)
Long
297‌
8,669‌
32‌
Soybean
Meal;
May
2025
(a)
Long
22‌
665‌
(9‌)
Soybean
Oil;
January
2025
(a)
Long
318‌
7,964‌
(405‌)
Soybean
Oil;
May
2025
(a)
Long
27‌
686‌
(54‌)
Soybean;
May
2025
(a)
Long
27‌
1,361‌
(25‌)
Sugar
#11;
May
2025
(a)
Long
518‌
11,505‌
(403‌)
UK
Emissions
Allowance;
December
2025
(a)
Long
9‌
442‌
(11‌)
US
10
Year
Note;
March
2025
Short
28‌
3,113‌
(22‌)
US
10
Year
Ultra
Note;
March
2025
Short
5‌
574‌
(11‌)
US
2
Year
Note;
March
2025
Long
44‌
9,069‌
16‌
US
5
Year
Note;
March
2025
Short
22‌
2,367‌
1‌
US
Long
Bond;
March
2025
Short
11‌
1,315‌
(35‌)
US
Ultra
Bond;
March
2025
Short
1‌
127‌
—‌
Wheat;
March
2025
(a)
Short
150‌
4,110‌
254‌
Wheat;
May
2025
(a)
Long
22‌
613‌
(33‌)
WTI
Crude;
March
2025
(a)
Long
169‌
11,404‌
(219‌)
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
62
Futures
Contracts
(continued)
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
WTI
Crude;
May
2025
(a)
Long
39‌
$
2,620‌
$
(95‌)
Total
$
(5,411‌)
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.
Foreign
Currency
Contracts
Unrealized
Appreciation/(Depreciation)
Counterparty
Settlement
Date
Currency
to
Accept
Currency
to
Deliver
Asset
Liability
Bank
of
America
NA
12/03/2024
GBP
1,818‌
$
2,297‌
$
16‌
$
—‌
Bank
of
America
NA
12/03/2024
$
126‌
GBP
97‌
2‌
—‌
Bank
of
America
NA
02/04/2025
$
2,297‌
GBP
1,818‌
—‌
(15‌)
Bank
of
Montreal
12/18/2024
$
171‌
MXN
3,400‌
4‌
—‌
Bank
of
New
York
Mellon
12/18/2024
$
154‌
MXN
3,000‌
6‌
—‌
Barclays
Bank
PLC
12/03/2024
EUR
33‌
$
35‌
—‌
—‌
Barclays
Bank
PLC
12/03/2024
$
299‌
GBP
230‌
7‌
—‌
Barclays
Bank
PLC
12/18/2024
$
148‌
MXN
2,891‌
6‌
—‌
Barclays
Bank
PLC
02/04/2025
$
35‌
EUR
33‌
—‌
—‌
BNP
Paribas
12/03/2024
GBP
47‌
$
60‌
—‌
(1‌)
BNP
Paribas
12/03/2024
EUR
34‌
$
37‌
—‌
(1‌)
BNP
Paribas
12/03/2024
JPY
2,483‌
$
16‌
—‌
—‌
BNP
Paribas
12/18/2024
$
130‌
EUR
120‌
3‌
—‌
CIBC
World
Markets
Corp
02/04/2025
$
11‌
EUR
10‌
—‌
—‌
Citigroup
Inc
12/18/2024
MXN
7,147‌
$
366‌
—‌
(15‌)
Citigroup
Inc
12/18/2024
$
366‌
MXN
7,083‌
18‌
—‌
Cowen
Group
12/03/2024
JPY
89,142‌
$
573‌
23‌
—‌
Deutsche
Bank
AG
12/03/2024
$
631‌
JPY
96,333‌
—‌
(13‌)
Deutsche
Bank
AG
12/03/2024
$
3,181‌
EUR
2,937‌
77‌
—‌
Deutsche
Bank
AG
12/18/2024
BRL
1,646‌
$
297‌
—‌
(24‌)
Deutsche
Bank
AG
12/18/2024
$
470‌
BRL
2,576‌
42‌
—‌
Goldman
Sachs
&
Co
12/18/2024
$
475‌
MXN
9,632‌
2‌
—‌
HSBC
Securities
Inc
12/03/2024
$
53‌
CAD
74‌
—‌
—‌
HSBC
Securities
Inc
12/18/2024
MXN
3,018‌
$
153‌
—‌
(5‌)
JPMorgan
Chase
12/18/2024
BRL
1,416‌
$
244‌
—‌
(9‌)
JPMorgan
Chase
02/04/2025
$
79‌
EUR
75‌
—‌
—‌
Morgan
Stanley
&
Co
12/18/2024
$
157‌
MXN
3,165‌
1‌
—‌
Morgan
Stanley
&
Co
12/18/2024
$
1,330‌
BRL
7,333‌
114‌
—‌
Standard
Chartered
Bank,
Hong
Kong
12/03/2024
$
2,014‌
GBP
1,548‌
44‌
—‌
Standard
Chartered
Bank,
Hong
Kong
01/07/2025
$
611‌
JPY
90,170‌
5‌
—‌
Toronto
Dominion
Bank
12/03/2024
EUR
2,860‌
$
3,018‌
4‌
—‌
Toronto
Dominion
Bank
02/04/2025
$
3,027‌
EUR
2,860‌
—‌
(4‌)
UBS
AG
12/03/2024
JPY
4,709‌
$
31‌
—‌
—‌
UBS
AG
12/18/2024
MXN
2,877‌
$
147‌
—‌
(6‌)
UBS
AG
01/07/2025
$
31‌
JPY
4,709‌
—‌
—‌
Total
$
374‌
$
(93‌)
Amounts
in
thousands.
Exchange
Cleared
Credit
Default
Swaps
Sell
Protection
Reference
Entity
Implied
Credit
Spread
as
of
November
30,
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.43
N/A
5.00%
Quarterly
12/20/2029
$
4,688‌
$
329‌
$
73‌
$
402‌
Total
$
329‌
$
73‌
$
402‌
Amounts
in
thousands.
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
63
(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
$4,688.
(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
Pay
2.44%
Semiannual
Annual
N/A
06/24/2054
EUR
58‌
$
7‌
$
(1‌)
$
6‌
6
Month
Euro
Interbank
Offered
Rate
Pay
2.18%
Semiannual
Annual
N/A
11/07/2054
73‌
4‌
—‌
4‌
6
Month
Euro
Interbank
Offered
Rate
Receive
2.49%
Annual
Semiannual
N/A
02/19/2054
487‌
(59‌)
1‌
(58‌)
6
Month
Euro
Interbank
Offered
Rate
Receive
2.51%
Annual
Semiannual
N/A
02/20/2054
337‌
(42‌)
1‌
(41‌)
6
Month
Euro
Interbank
Offered
Rate
Receive
2.51%
Annual
Semiannual
N/A
02/20/2054
611‌
(77‌)
1‌
(76‌)
6
Month
Euro
Interbank
Offered
Rate
Receive
2.51%
Annual
Semiannual
N/A
03/01/2054
245‌
(31‌)
1‌
(30‌)
6
Month
Euro
Interbank
Offered
Rate
Pay
2.26%
Semiannual
Annual
N/A
10/22/2054
120‌
9‌
(1‌)
8‌
6
Month
Euro
Interbank
Offered
Rate
Receive
2.46%
Annual
Semiannual
N/A
03/22/2054
103‌
(12‌)
1‌
(11‌)
6
Month
Euro
Interbank
Offered
Rate
Receive
2.54%
Annual
Semiannual
N/A
04/22/2054
398‌
(52‌)
(1‌)
(53‌)
6
Month
Euro
Interbank
Offered
Rate
Receive
2.25%
Annual
Semiannual
N/A
10/02/2054
370‌
(25‌)
—‌
(25‌)
6
Month
Euro
Interbank
Offered
Rate
Receive
2.43%
Annual
Semiannual
N/A
06/19/2054
88‌
(10‌)
1‌
(9‌)
6
Month
Euro
Interbank
Offered
Rate
Receive
2.43%
Annual
Semiannual
N/A
06/20/2054
85‌
(9‌)
—‌
(9‌)
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Receive
2.51%
Maturity
Maturity
N/A
11/08/2054
$
340‌
(12‌)
—‌
(12‌)
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Receive
2.33%
Maturity
Maturity
N/A
10/08/2026
700‌
3‌
—‌
3‌
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Receive
2.31%
Maturity
Maturity
N/A
08/23/2049
55‌
—‌
—‌
—‌
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Receive
2.05%
Maturity
Maturity
N/A
08/09/2026
2,215‌
16‌
—‌
16‌
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Receive
2.42%
Maturity
Maturity
N/A
05/22/2028
4,325‌
37‌
—‌
37‌
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Receive
2.45%
Maturity
Maturity
N/A
07/02/2026
915‌
(2‌)
—‌
(2‌)
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Receive
2.30%
Maturity
Maturity
N/A
06/17/2026
5,250‌
6‌
—‌
6‌
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Receive
2.55%
Maturity
Maturity
N/A
05/07/2049
105‌
(4‌)
—‌
(4‌)
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Receive
2.48%
Maturity
Maturity
N/A
03/20/2026
3,650‌
8‌
1‌
9‌
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Receive
2.13%
Maturity
Maturity
N/A
01/09/2026
3,775‌
33‌
—‌
33‌
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Receive
2.32%
Maturity
Maturity
N/A
11/21/2026
1,770‌
11‌
—‌
11‌
Consumer
Price
All
Urban
Non-Seasonally
Adjusted
Index
Receive
2.47%
Maturity
Maturity
N/A
07/15/2049
110‌
(3‌)
—‌
(3‌)
Secured
Overnight
Financing
Rate
Receive
3.82%
Annual
Annual
N/A
04/03/2035
240‌
(3‌)
1‌
(2‌)
Secured
Overnight
Financing
Rate
Receive
3.77%
Annual
Annual
N/A
04/03/2035
475‌
(3‌)
—‌
(3‌)
Secured
Overnight
Financing
Rate
Receive
3.93%
Annual
Annual
N/A
04/03/2035
599‌
(12‌)
—‌
(12‌)
United
Kingdom
Retail
Prices
Index
Receive
3.69%
Maturity
Maturity
N/A
09/15/2029
GBP
605‌
5‌
(1‌)
4‌
United
Kingdom
Retail
Prices
Index
Pay
3.45%
Maturity
Maturity
N/A
09/15/2034
605‌
(6‌)
—‌
(6‌)
Total
$
(223‌)
$
4‌
$
(219‌)
Amounts
in
thousands.
(a)    
Forward
swap.
Consolidated
Schedule
of
Investments
Diversified
Real
Asset
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
64
Total
Return
Swaps
Counterparty
Fund
Pays
Fund
Receives
Payment
Frequency
Maturity
Date
Notional
Amount
Upfront
Payments/(Receipts)
Value
and
Unrealized
Appreciation/(Depreciation)
Asset
Liability
Bank
of
America
NA
(a)
United
States
Treasury
13
Week
Bill
High
Discount
Rate
+
0.12%
Bloomberg
Commodity
Index
3
Month
Forward
Total
Return
Monthly
11/03/2025
$
15,999‌
$
—‌
$
—‌
$
(46‌)
Bank
of
America
NA
(a)
United
States
Treasury
13
Week
Bill
High
Discount
Rate
+
0.25%
Refinitiv/CoreCommodity
CRB
3-Month
Forward
Index
Total
Return
Monthly
05/01/2025
5,249‌
—‌
133‌
—‌
Citigroup
Inc
(a)
United
States
Treasury
13
Week
Bill
High
Discount
Rate
+
0.11%
Bloomberg
Commodity
Index
3
Month
Forward
Total
Return
Monthly
11/03/2025
23,829‌
—‌
—‌
(68‌)
Citigroup
Inc
(a)
United
States
Treasury
13
Week
Bill
High
Discount
Rate
+
0.24%
Refinitiv/CoreCommodity
CRB
3-Month
Forward
Index
Total
Return
Monthly
05/01/2025
6,012‌
—‌
153‌
—‌
Goldman
Sachs
&
Co
(a)
United
States
Treasury
13
Week
Bill
High
Discount
Rate
+
0.11%
Bloomberg
Commodity
Index
3
Month
Forward
Total
Return
Monthly
11/03/2025
25,148‌
—‌
—‌
(71‌)
JPMorgan
Chase
(a)
Bloomberg
Cotton
Subindex
+
0.00%
Bloomberg
Cotton
Subindex
Monthly
11/04/2025
3,009‌
—‌
—‌
(14‌)
Total
$
—‌
$
286‌
$
(199‌)
Amounts
in
thousands.
(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
November
30,
2024
(unaudited)
See
accompanying
notes.
65
INVESTMENT
COMPANIES
-
2
.17
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
2
.17
%
Principal
Government
Money
Market
Fund
-
Class
R-6
4.53%
(a),(b)
1,719,712‌
$
1,720‌
TOTAL
INVESTMENT
COMPANIES
$
1,720‌
COMMON
STOCKS
-
97
.72
%
Shares
Held
Value
(000's)
Advertising
-
1
.20
%
Interpublic
Group
of
Cos
Inc/The
31,075‌
$
957‌
Automobile
Parts
&
Equipment
-
2
.10
%
Autoliv
Inc
16,838‌
1,669‌
Banks
-
3
.07
%
Cullen/Frost
Bankers
Inc
17,335‌
2,438‌
Building
Materials
-
3
.09
%
Lennox
International
Inc
3,685‌
2,458‌
Chemicals
-
2
.35
%
RPM
International
Inc
13,444‌
1,866‌
Commercial
Services
-
2
.89
%
Morningstar
Inc
6,474‌
2,292‌
Computers
-
0
.35
%
Amdocs
Ltd
3,221‌
279‌
Consumer
Products
-
4
.04
%
Avery
Dennison
Corp
10,765‌
2,216‌
WD-40
Co
3,586‌
994‌
$
3,210‌
Diversified
Financial
Services
-
5
.09
%
Hamilton
Lane
Inc
12,403‌
2,387‌
LPL
Financial
Holdings
Inc
5,088‌
1,654‌
$
4,041‌
Electric
-
3
.32
%
Alliant
Energy
Corp
36,075‌
2,280‌
Talen
Energy
Corp
(c)
1,671‌
358‌
$
2,638‌
Electrical
Components
&
Equipment
-
1
.96
%
Littelfuse
Inc
6,320‌
1,559‌
Electronics
-
2
.10
%
nVent
Electric
PLC
21,303‌
1,668‌
Entertainment
-
2
.09
%
Live
Nation
Entertainment
Inc
(c)
12,031‌
1,663‌
Hand
&
Machine
Tools
-
8
.24
%
Lincoln
Electric
Holdings
Inc
10,185‌
2,225‌
MSA
Safety
Inc
11,583‌
2,013‌
Snap-on
Inc
6,211‌
2,297‌
$
6,535‌
Healthcare
-
Products
-
6
.74
%
Bio-Techne
Corp
27,239‌
2,053‌
STERIS
PLC
9,096‌
1,993‌
Teleflex
Inc
6,794‌
1,310‌
$
5,356‌
Healthcare
-
Services
-
2
.29
%
Universal
Health
Services
Inc
8,861‌
1,817‌
Insurance
-
5
.85
%
Fidelity
National
Financial
Inc
33,721‌
2,137‌
Kinsale
Capital
Group
Inc
2,493‌
1,268‌
Markel
Group
Inc
(c)
698‌
1,244‌
$
4,649‌
Leisure
Products
&
Services
-
1
.83
%
YETI
Holdings
Inc
(c)
35,935‌
1,451‌
Lodging
-
1
.92
%
Hyatt
Hotels
Corp
9,674‌
1,528‌
Machinery
-
Diversified
-
2
.59
%
Nordson
Corp
7,894‌
2,060‌
Oil
&
Gas
-
3
.41
%
Coterra
Energy
Inc
15,853‌
424‌
HF
Sinclair
Corp
18,459‌
756‌
Permian
Resources
Corp
97,789‌
1,530‌
$
2,710‌
Pipelines
-
0
.49
%
DT
Midstream
Inc
3,635‌
386‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
REITs
-
7
.57
%
Alexandria
Real
Estate
Equities
Inc
12,840‌
$
1,415‌
Equity
LifeStyle
Properties
Inc
24,625‌
1,757‌
Essential
Properties
Realty
Trust
Inc
37,058‌
1,264‌
Terreno
Realty
Corp
26,125‌
1,584‌
$
6,020‌
Retail
-
6
.70
%
Casey's
General
Stores
Inc
5,469‌
2,301‌
Tractor
Supply
Co
7,042‌
1,998‌
Williams-Sonoma
Inc
5,952‌
1,024‌
$
5,323‌
Semiconductors
-
2
.19
%
Monolithic
Power
Systems
Inc
596‌
338‌
Teradyne
Inc
12,719‌
1,399‌
$
1,737‌
Software
-
9
.47
%
Cloudflare
Inc
(c)
13,198‌
1,318‌
Fair
Isaac
Corp
(c)
1,030‌
2,446‌
HubSpot
Inc
(c)
2,422‌
1,746‌
Tyler
Technologies
Inc
(c)
3,201‌
2,015‌
$
7,525‌
Transportation
-
2
.40
%
Expeditors
International
of
Washington
Inc
15,690‌
1,909‌
Water
-
2
.38
%
Essential
Utilities
Inc
47,257‌
1,892‌
TOTAL
COMMON
STOCKS
$
77,636‌
Total
Investments
$
79,356‌
Other
Assets
and
Liabilities
-  0.11%
86‌
TOTAL
NET
ASSETS
-
100.00%
$
79,442‌
(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
Schedule
of
Investments
Edge
MidCap
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
66
Affiliated
Securities
August
31,
2024
Purchases
Sales
November
30,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
4.53%
$
975‌
$
5,737‌
$
4,992‌
$
1,720‌
$
975‌
$
5,737‌
$
4,992‌
$
1,720‌
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
4.53%
$
17‌
$
—‌
$
—‌
$
—‌
$
17‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
67
INVESTMENT
COMPANIES
-
22.23%
Shares
Held
Value
(000's)
Closed-End
Funds
-
0.32%
BlackRock
MuniYield
Quality
Fund
III
Inc
6,330‌
$
74‌
Franklin
Universal
Trust
13,711‌
107‌
Invesco
Municipal
Opportunity
Trust
18,794‌
191‌
Invesco
Value
Municipal
Income
Trust
7,753‌
98‌
Nuveen
AMT-Free
Quality
Municipal
Income
Fund
29,283‌
348‌
Nuveen
Municipal
Credit
Income
Fund
22,907‌
298‌
Nuveen
Municipal
Value
Fund
Inc
14,992‌
135‌
Saba
Capital
Income
&
Opportunities
Fund
10,973‌
86‌
$
1,337‌
Exchange-Traded
Funds
-
1.81%
iShares
0-5
Year
TIPS
Bond
ETF
17,570‌
1,776‌
iShares
Broad
USD
High
Yield
Corporate
Bond
ETF
14,535‌
546‌
iShares
Core
MSCI
Emerging
Markets
ETF
8,100‌
440‌
iShares
Floating
Rate
Bond
ETF
35,000‌
1,787‌
iShares
Russell
2000
ETF
733‌
177‌
iShares
Russell
2000
Growth
ETF
422‌
133‌
iShares
Russell
2000
Value
ETF
5,529‌
998‌
iShares
Short
Treasury
Bond
ETF
16,090‌
1,778‌
$
7,635‌
Money
Market
Funds
-
20.10%
Morgan
Stanley
Institutional
Liquidity
Funds
-
Government
Portfolio
-
Institutional
Class
4.44%
(a),(b),(c)
4,206,119‌
4,206‌
Principal
Government
Money
Market
Fund
-
Class
R-6
4.53%
(b),(d)
80,420,301‌
80,420‌
$
84,626‌
TOTAL
INVESTMENT
COMPANIES
$
93,598‌
CONVERTIBLE
PREFERRED
STOCKS
-
0.05%
Shares
Held
Value
(000's)
Aerospace
&
Defense
-
0.04%
Boeing
Co/The
6.00%,
10/15/2027
2,841‌
$
158‌
Diversified
Financial
Services
-
0.00%
Apollo
Global
Management
Inc
6.75%,
07/31/2026
36‌
3‌
Pipelines
-
0.01%
Southcross
Energy
Series
A
0.00%
(e),(f)
2,399,339‌
52‌
TOTAL
CONVERTIBLE
PREFERRED
STOCKS
$
213‌
COMMON
STOCKS
-
35.60%
Shares
Held
Value
(000's)
Advertising
-
0
.15%
Dentsu
Group
Inc
3,500‌
$
90‌
National
CineMedia
Inc
(e)
8,238‌
57‌
Omnicom
Group
Inc
(g)
1,826‌
191‌
Publicis
Groupe
SA
468‌
51‌
Taboola.com
Ltd
(e)
14,185‌
51‌
Trade
Desk
Inc/The
(e)
1,549‌
199‌
$
639‌
Aerospace
&
Defense
-
0.65%
Airbus
SE
131‌
20‌
Boeing
Co/The
(e)
433‌
67‌
General
Dynamics
Corp
(g)
1,777‌
505‌
General
Electric
Co
(g)
2,811‌
512‌
HEICO
Corp
-
Class
A
502‌
106‌
Howmet
Aerospace
Inc
(g)
2,447‌
290‌
L3Harris
Technologies
Inc
(g)
758‌
187‌
Lockheed
Martin
Corp
(g)
1,053‌
557‌
Northrop
Grumman
Corp
(g)
439‌
215‌
Rheinmetall
AG
23‌
15‌
RTX
Corp
(g)
173‌
21‌
Safran
SA
378‌
88‌
Singapore
Technologies
Engineering
Ltd
24,600‌
83‌
Spirit
AeroSystems
Holdings
Inc
(e)
1,468‌
47‌
Standardaero
Inc
(e)
57‌
2‌
TransDigm
Group
Inc
34‌
43‌
$
2,758‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Agriculture
-
0.15%
Altria
Group
Inc
(g)
1,965‌
$
113‌
Archer-Daniels-Midland
Co
(g)
2,707‌
148‌
Philip
Morris
International
Inc
(g)
2,888‌
385‌
$
646‌
Airlines
-
0.17%
Delta
Air
Lines
Inc
(g)
7,156‌
457‌
Qantas
Airways
Ltd
(e)
35,815‌
206‌
United
Airlines
Holdings
Inc
(e),(g)
458‌
44‌
$
707‌
Apparel
-
0.25%
Carter's
Inc
560‌
30‌
Kontoor
Brands
Inc
602‌
55‌
NIKE
Inc
(g)
6,209‌
489‌
On
Holding
AG
(e)
1,795‌
105‌
Ralph
Lauren
Corp
(g)
605‌
140‌
Steven
Madden
Ltd
1,285‌
59‌
Tapestry
Inc
(g)
2,999‌
187‌
$
1,065‌
Automobile
Manufacturers
-
0.29%
Blue
Bird
Corp
(e)
1,567‌
64‌
Cummins
Inc
(g)
624‌
234‌
General
Motors
Co
(g)
4,658‌
259‌
Isuzu
Motors
Ltd
7,300‌
97‌
Mazda
Motor
Corp
6,500‌
42‌
REV
Group
Inc
1,459‌
45‌
Rivian
Automotive
Inc
(e)
1,126‌
14‌
Tesla
Inc
(e)
924‌
319‌
Volvo
AB
-
B
Shares
5,706‌
142‌
Zapp
Electric
Vehicles
Group
Ltd
-
Warrants
(e)
1,167‌
—‌
$
1,216‌
Automobile
Parts
&
Equipment
-
0.15%
Aptiv
PLC
(e)
3,417‌
190‌
BorgWarner
Inc
719‌
25‌
Continental
AG
2,772‌
182‌
Gentex
Corp
2,948‌
90‌
Goodyear
Tire
&
Rubber
Co/The
(e)
4,489‌
48‌
Phinia
Inc
1,073‌
60‌
Visteon
Corp
(e)
211‌
20‌
$
615‌
Banks
-
1.51%
Banco
Bilbao
Vizcaya
Argentaria
SA
329‌
3‌
Banco
BPM
SpA
1,313‌
10‌
Bank
of
America
Corp
(g)
4,264‌
202‌
Bank
of
New
York
Mellon
Corp/The
297‌
24‌
Bank
OZK
1,153‌
58‌
Banner
Corp
773‌
58‌
BOC
Hong
Kong
Holdings
Ltd
33,000‌
102‌
Cadence
Bank
3,327‌
127‌
CaixaBank
SA
2,554‌
14‌
Citigroup
Inc
(g)
721‌
51‌
Citizens
Financial
Group
Inc
249‌
12‌
Columbia
Banking
System
Inc
2,034‌
63‌
Commerzbank
AG
248‌
4‌
Computershare
Ltd
8,373‌
174‌
Credit
Agricole
SA
1,914‌
26‌
CVB
Financial
Corp
3,176‌
74‌
DBS
Group
Holdings
Ltd
5,240‌
166‌
DNB
Bank
ASA
12,898‌
270‌
Fifth
Third
Bancorp
(g)
947‌
46‌
FinecoBank
Banca
Fineco
SpA
15,374‌
247‌
First
Bancshares
Inc/The
4,746‌
176‌
First
Hawaiian
Inc
2,194‌
61‌
First
Interstate
BancSystem
Inc
1,847‌
65‌
FNB
Corp/PA
3,454‌
59‌
Goldman
Sachs
Group
Inc/The
(g)
541‌
329‌
Heartland
Financial
USA
Inc
17,919‌
1,211‌
Home
BancShares
Inc/AR
2,389‌
76‌
HSBC
Holdings
PLC
389‌
4‌
Huntington
Bancshares
Inc/OH
527‌
9‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
68
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Banks
(continued)
JPMorgan
Chase
&
Co
(g)
1,937‌
$
484‌
M&T
Bank
Corp
(g)
842‌
186‌
Morgan
Stanley
(g)
2,957‌
388‌
National
Bank
of
Canada
700‌
69‌
Northern
Trust
Corp
76‌
8‌
OFG
Bancorp
982‌
45‌
Old
National
Bancorp/IN
2,865‌
66‌
PNC
Financial
Services
Group
Inc/The
177‌
38‌
Prosperity
Bancshares
Inc
603‌
50‌
Sandy
Spring
Bancorp
Inc
10,564‌
398‌
Shizuoka
Financial
Group
Inc
2,800‌
25‌
Standard
Chartered
PLC
1,584‌
20‌
Stellar
Bancorp
Inc
1,503‌
47‌
Sumitomo
Mitsui
Financial
Group
Inc
1,500‌
37‌
Sumitomo
Mitsui
Trust
Group
Inc
800‌
20‌
Truist
Financial
Corp
508‌
24‌
UBS
Group
AG
1,781‌
58‌
UniCredit
SpA
159‌
6‌
United
Community
Banks
Inc/GA
1,336‌
45‌
US
Bancorp
(g)
4,735‌
252‌
Veritex
Holdings
Inc
1,634‌
50‌
Wells
Fargo
&
Co
(g)
4,191‌
320‌
$
6,357‌
Beverages
-
0.40%
Coca-Cola
Co/The
(g)
5,253‌
337‌
Coca-Cola
HBC
AG
(e)
8,602‌
307‌
Constellation
Brands
Inc
(g)
1,247‌
300‌
Keurig
Dr
Pepper
Inc
(g)
9,197‌
300‌
Molson
Coors
Beverage
Co
(g)
1,215‌
75‌
PepsiCo
Inc
(g)
2,296‌
376‌
$
1,695‌
Biotechnology
-
0.54%
ACADIA
Pharmaceuticals
Inc
(e)
222‌
4‌
ADMA
Biologics
Inc
(e)
421‌
8‌
Akero
Therapeutics
Inc
(e)
127‌
4‌
Akouos
Inc
-
Contingent
Value
Rights
(e),(f)
4,410‌
2‌
Alnylam
Pharmaceuticals
Inc
(e)
101‌
26‌
Amicus
Therapeutics
Inc
(e)
2,198‌
22‌
Apogee
Therapeutics
Inc
(e)
326‌
15‌
Arcellx
Inc
(e)
86‌
8‌
Ardelyx
Inc
(e)
445‌
3‌
Arrowhead
Pharmaceuticals
Inc
(e)
221‌
6‌
Avid
Bioservices
Inc
(e)
15,671‌
192‌
Avidity
Biosciences
Inc
(e)
765‌
33‌
Axsome
Therapeutics
Inc
(e)
68‌
7‌
Beam
Therapeutics
Inc
(e)
145‌
4‌
BioCryst
Pharmaceuticals
Inc
(e)
393‌
3‌
Biogen
Inc
(e),(g)
1,635‌
263‌
Biohaven
Ltd
(e)
390‌
18‌
BioMarin
Pharmaceutical
Inc
(e)
2,219‌
146‌
Blueprint
Medicines
Corp
(e)
492‌
47‌
Bridgebio
Pharma
Inc
(e)
264‌
7‌
Celldex
Therapeutics
Inc
(e)
801‌
22‌
CG
oncology
Inc
(e)
90‌
3‌
Corteva
Inc
562‌
35‌
Crinetics
Pharmaceuticals
Inc
(e)
725‌
41‌
CSL
Ltd
50‌
9‌
Cytokinetics
Inc
(e)
521‌
27‌
Denali
Therapeutics
Inc
(e)
230‌
6‌
Disc
Medicine
Inc
(e)
173‌
11‌
Dynavax
Technologies
Corp
(e)
240‌
3‌
Dyne
Therapeutics
Inc
(e)
150‌
5‌
Edgewise
Therapeutics
Inc
(e)
133‌
4‌
Genmab
A/S
(e)
644‌
139‌
Geron
Corp
(e)
4,033‌
17‌
Gilead
Sciences
Inc
(g)
4,678‌
433‌
Halozyme
Therapeutics
Inc
(e)
230‌
11‌
Ideaya
Biosciences
Inc
(e)
161‌
4‌
Illumina
Inc
(e),(g)
1,425‌
205‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Biotechnology
(continued)
Immunocore
Holdings
PLC
ADR
(e)
170‌
$
6‌
Immunovant
Inc
(e)
110‌
3‌
Incyte
Corp
(e),(g)
54‌
4‌
Inhibrx
Inc
-
Contingent
Value
Rights
(e),(f)
4,407‌
3‌
Insmed
Inc
(e)
603‌
45‌
Intellia
Therapeutics
Inc
(e)
471‌
7‌
Intra-Cellular
Therapies
Inc
(e)
292‌
25‌
Iovance
Biotherapeutics
Inc
(e)
474‌
4‌
Janux
Therapeutics
Inc
(e)
53‌
2‌
Keros
Therapeutics
Inc
(e)
54‌
3‌
Krystal
Biotech
Inc
(e)
45‌
9‌
Kymera
Therapeutics
Inc
(e)
83‌
4‌
Ligand
Pharmaceuticals
Inc
(e)
32‌
4‌
Myriad
Genetics
Inc
(e)
167‌
3‌
Novavax
Inc
(e)
257‌
2‌
Nurix
Therapeutics
Inc
(e)
562‌
12‌
Nuvalent
Inc
(e)
229‌
22‌
Praxis
Precision
Medicines
Inc
(e)
32‌
3‌
PTC
Therapeutics
Inc
(e)
488‌
21‌
Recursion
Pharmaceuticals
Inc
(e)
444‌
3‌
REVOLUTION
Medicines
Inc
(e)
796‌
46‌
Rocket
Pharmaceuticals
Inc
(e)
444‌
6‌
Scholar
Rock
Holding
Corp
(e)
448‌
18‌
Soleno
Therapeutics
Inc
(e)
147‌
8‌
SpringWorks
Therapeutics
Inc
(e)
129‌
5‌
Structure
Therapeutics
Inc
ADR
(e)
250‌
8‌
Summit
Therapeutics
Inc
(e)
161‌
3‌
Syndax
Pharmaceuticals
Inc
(e)
720‌
12‌
Tarsus
Pharmaceuticals
Inc
(e)
70‌
4‌
Tevogen
Bio
Holdings
Inc
-
Warrants
(e)
597‌
—‌
TG
Therapeutics
Inc
(e)
259‌
9‌
Travere
Therapeutics
Inc
(e)
139‌
3‌
United
Therapeutics
Corp
(e)
107‌
40‌
Vera
Therapeutics
Inc
(e)
71‌
4‌
Veracyte
Inc
(e)
140‌
6‌
Vericel
Corp
(e)
632‌
37‌
Vertex
Pharmaceuticals
Inc
(e)
138‌
65‌
Viridian
Therapeutics
Inc
(e)
117‌
3‌
Xencor
Inc
(e)
111‌
3‌
$
2,258‌
Building
Materials
-
0.54%
AZEK
Co
Inc/The
(e)
1,348‌
72‌
Builders
FirstSource
Inc
(e),(g)
1,198‌
223‌
Carrier
Global
Corp
(g)
152‌
12‌
Cemex
SAB
de
CV
ADR
31,055‌
173‌
CRH
PLC
39‌
4‌
CRH
PLC
701‌
72‌
Johnson
Controls
International
plc
1,971‌
165‌
Masco
Corp
(g)
2,014‌
162‌
Mohawk
Industries
Inc
(e),(g)
1,094‌
152‌
Owens
Corning
(g)
622‌
128‌
Summit
Materials
Inc
(e)
9,416‌
480‌
Trane
Technologies
PLC
(g)
1,343‌
558‌
Vulcan
Materials
Co
(g)
228‌
66‌
$
2,267‌
Chemicals
-
1
.05%
Air
Liquide
SA
35‌
6‌
Arcadium
Lithium
PLC
(e)
50,021‌
263‌
Asahi
Kasei
Corp
13,700‌
98‌
Cabot
Corp
643‌
70‌
CF
Industries
Holdings
Inc
909‌
82‌
DuPont
de
Nemours
Inc
(g)
18,246‌
1,525‌
Eastman
Chemical
Co
(g)
1,965‌
206‌
Ecolab
Inc
(g)
1,107‌
276‌
Evonik
Industries
AG
12,980‌
239‌
FMC
Corp
(g)
4,390‌
259‌
Linde
PLC
948‌
437‌
LyondellBasell
Industries
NV
3,778‌
315‌
Mativ
Holdings
Inc
2,764‌
36‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
69
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Chemicals
(continued)
Nitto
Denko
Corp
2,000‌
$
32‌
PPG
Industries
Inc
(g)
1,928‌
239‌
Sherwin-Williams
Co/The
(g)
493‌
196‌
Toray
Industries
Inc
24,900‌
159‌
$
4,438‌
Coal
-
0.15%
Arch
Resources
Inc
3,360‌
578‌
Ramaco
Resources
Inc
-
A
Shares
3,876‌
49‌
$
627‌
Commercial
Services
-
0.95%
Adtalem
Global
Education
Inc
(e)
667‌
61‌
Altaba
Inc
-
Escrow
(e),(f)
837,142‌
1,180‌
Automatic
Data
Processing
Inc
(g)
1,199‌
368‌
Block
Inc
(e)
1,722‌
153‌
Booz
Allen
Hamilton
Holding
Corp
175‌
26‌
Bureau
Veritas
SA
1,841‌
56‌
Cintas
Corp
(g)
1,228‌
277‌
CoreCivic
Inc
(e)
3,067‌
69‌
Corpay
Inc
(e),(g)
546‌
208‌
Experian
PLC
1,286‌
61‌
H&R
Block
Inc
549‌
33‌
Laureate
Education
Inc
(e)
3,988‌
76‌
Loomis
AB
1,754‌
54‌
PayPal
Holdings
Inc
(e),(g)
2,044‌
177‌
PROG
Holdings
Inc
1,359‌
66‌
Progyny
Inc
(e)
1,341‌
21‌
Quanta
Services
Inc
72‌
25‌
Remitly
Global
Inc
(e)
4,131‌
85‌
Repay
Holdings
Corp
(e)
11,314‌
91‌
S&P
Global
Inc
(g)
474‌
248‌
Shift4
Payments
Inc
(e)
658‌
75‌
Stride
Inc
(e)
330‌
35‌
Transurban
Group
916‌
8‌
TriNet
Group
Inc
318‌
30‌
United
Rentals
Inc
(g)
436‌
377‌
Upbound
Group
Inc
2,054‌
71‌
Verra
Mobility
Corp
(e)
2,889‌
68‌
$
3,999‌
Computers
-
1.48%
Accenture
PLC
-
Class
A
1,431‌
519‌
Amentum
Holdings
Inc
(e),(g)
7,709‌
188‌
Apple
Inc
(g)
13,875‌
3,292‌
Cognizant
Technology
Solutions
Corp
158‌
13‌
CyberArk
Software
Ltd
(e)
225‌
73‌
Dell
Technologies
Inc
(g)
1,561‌
199‌
EPAM
Systems
Inc
(e),(g)
357‌
87‌
ExlService
Holdings
Inc
(e)
1,751‌
81‌
Fortinet
Inc
(e),(g)
1,592‌
151‌
Hewlett
Packard
Enterprise
Co
(g)
9,429‌
200‌
HP
Inc
(g)
5,927‌
210‌
International
Business
Machines
Corp
(g)
557‌
127‌
Leidos
Holdings
Inc
(g)
1,380‌
228‌
Maximus
Inc
627‌
47‌
NCR
Voyix
Corp
(e)
3,924‌
57‌
NetApp
Inc
(g)
3,945‌
484‌
Otsuka
Corp
4,000‌
100‌
PAR
Technology
Corp
(e)
278‌
22‌
SCSK
Corp
3,000‌
61‌
Seagate
Technology
Holdings
PLC
(g)
726‌
73‌
Teleperformance
SE
346‌
33‌
$
6,245‌
Consumer
Products
-
0.11%
Avery
Dennison
Corp
(g)
310‌
64‌
Clorox
Co/The
(g)
1,013‌
170‌
Helen
of
Troy
Ltd
(e)
807‌
59‌
Kimberly-Clark
Corp
(g)
1,141‌
158‌
$
451‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Cosmetics
&
Personal
Care
-
0.29%
Colgate-Palmolive
Co
(g)
1,361‌
$
131‌
Edgewell
Personal
Care
Co
1,034‌
38‌
Kao
Corp
7,200‌
313‌
Kenvue
Inc
(g)
6,516‌
157‌
Prestige
Consumer
Healthcare
Inc
(e)
91‌
8‌
Procter
&
Gamble
Co/The
(g)
2,470‌
443‌
Unilever
PLC
1,869‌
112‌
$
1,202‌
Distribution
&
Wholesale
-
0.29%
AddTech
AB
1,681‌
46‌
Fastenal
Co
(g)
3,808‌
319‌
IMCD
NV
73‌
11‌
ITOCHU
Corp
400‌
20‌
LKQ
Corp
(g)
7,800‌
306‌
MRC
Global
Inc
(e)
6,362‌
89‌
Rush
Enterprises
Inc
-
Class
A
765‌
47‌
Toyota
Tsusho
Corp
1,200‌
21‌
WW
Grainger
Inc
(g)
306‌
368‌
$
1,227‌
Diversified
Financial
Services
-
1.55%
4L
Technologies
(e),(f)
24,306‌
—‌
Air
Lease
Corp
1,118‌
57‌
Ally
Financial
Inc
(g)
546‌
22‌
American
Express
Co
(g)
1,627‌
495‌
Ameriprise
Financial
Inc
41‌
24‌
Blackrock
Inc
(g)
173‌
177‌
Bread
Financial
Holdings
Inc
1,145‌
67‌
Capital
One
Financial
Corp
(g)
1,629‌
313‌
Cboe
Global
Markets
Inc
568‌
123‌
Charles
Schwab
Corp/The
(g)
1,504‌
124‌
CI
Financial
Corp
9,374‌
208‌
CME
Group
Inc
(g)
1,222‌
291‌
Discover
Financial
Services
5,218‌
952‌
Element
Comm
Aviation
(e),(f),(h)
280‌
—‌
Enova
International
Inc
(e)
917‌
97‌
Evercore
Inc
-
Class
A
324‌
100‌
Federal
Agricultural
Mortgage
Corp
266‌
57‌
Franklin
Resources
Inc
(g)
5,837‌
133‌
Hong
Kong
Exchanges
&
Clearing
Ltd
1,000‌
38‌
IGM
Financial
Inc
6,100‌
206‌
Intercontinental
Exchange
Inc
(g)
1,684‌
271‌
Invesco
Ltd
171‌
3‌
Mastercard
Inc
(g)
718‌
383‌
Nasdaq
Inc
(g)
2,735‌
227‌
Navient
Corp
2,929‌
46‌
ORIX
Corp
9,200‌
207‌
PJT
Partners
Inc
428‌
72‌
Radian
Group
Inc
1,929‌
69‌
Raymond
James
Financial
Inc
1,674‌
283‌
SEI
Investments
Co
675‌
56‌
Singapore
Exchange
Ltd
21,500‌
204‌
Synchrony
Financial
(g)
2,035‌
137‌
T
Rowe
Price
Group
Inc
(g)
1,067‌
132‌
TMX
Group
Ltd
1,400‌
44‌
TPG
Inc
1,184‌
83‌
Tradeweb
Markets
Inc
1,559‌
211‌
Visa
Inc
(g)
1,773‌
558‌
Voya
Financial
Inc
853‌
71‌
$
6,541‌
Electric
-
0.91%
Ameresco
Inc
(e)
1,303‌
37‌
Atlantica
Sustainable
Infrastructure
PLC
29,231‌
641‌
Constellation
Energy
Corp
(g)
2,433‌
624‌
Dominion
Energy
Inc
(g)
13,849‌
813‌
Duke
Energy
Corp
123‌
14‌
Edison
International
781‌
69‌
Endesa
SA
4,565‌
100‌
Eversource
Energy
(g)
2,820‌
182‌
Exelon
Corp
(g)
4,797‌
190‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
70
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Electric
(continued)
Iberdrola
SA
6,874‌
$
98‌
NRG
Energy
Inc
(g)
4,924‌
501‌
PG&E
Corp
811‌
18‌
Portland
General
Electric
Co
1,176‌
56‌
Southern
Co/The
(g)
3,223‌
287‌
Vistra
Corp
(g)
1,184‌
189‌
$
3,819‌
Electrical
Components
&
Equipment
-
0.29%
Acuity
Brands
Inc
99‌
32‌
AMETEK
Inc
60‌
12‌
Brother
Industries
Ltd
5,500‌
97‌
Eaton
Corp
PLC
(g)
688‌
258‌
Emerson
Electric
Co
(g)
3,420‌
453‌
Energizer
Holdings
Inc
1,542‌
59‌
Generac
Holdings
Inc
(e),(g)
1,379‌
259‌
Novanta
Inc
(e)
317‌
53‌
Zeo
Energy
Corp
-
Warrants
(e)
524‌
—‌
$
1,223‌
Electronics
-
0.40
%
ABB
Ltd
340‌
19‌
Allegion
plc
164‌
23‌
Amphenol
Corp
(g)
3,863‌
281‌
Brady
Corp
791‌
59‌
Flex
Ltd
(e)
1,631‌
64‌
Garmin
Ltd
240‌
51‌
Honeywell
International
Inc
824‌
192‌
Hoya
Corp
1,000‌
129‌
Ibiden
Co
Ltd
3,800‌
113‌
Jabil
Inc
(g)
774‌
105‌
Keysight
Technologies
Inc
(e),(g)
563‌
97‌
Mettler-Toledo
International
Inc
(e),(g)
69‌
86‌
Murata
Manufacturing
Co
Ltd
6,500‌
109‌
NEXTracker
Inc
(e)
507‌
19‌
NIDEC
CORP
9,200‌
170‌
TDK
Corp
500‌
6‌
TE
Connectivity
PLC
326‌
49‌
TTM
Technologies
Inc
(e)
3,335‌
81‌
Yokogawa
Electric
Corp
700‌
16‌
$
1,669‌
Energy
-
Alternate
Sources
-
0.04%
Enphase
Energy
Inc
(e)
705‌
50‌
First
Solar
Inc
(e)
324‌
65‌
Shoals
Technologies
Group
Inc
(e)
2,046‌
11‌
Vestas
Wind
Systems
A/S
(e)
3,005‌
47‌
$
173‌
Engineering
&
Construction
-
0.34%
ACS
Actividades
de
Construccion
y
Servicios
SA
2,133‌
99‌
AECOM
(g)
4,591‌
537‌
Bouygues
SA
714‌
21‌
Eiffage
SA
318‌
29‌
EMCOR
Group
Inc
(g)
16‌
8‌
Fluor
Corp
(e)
2,393‌
134‌
Jacobs
Solutions
Inc
(g)
1,910‌
270‌
Vinci
SA
934‌
99‌
WSP
Global
Inc
1,400‌
249‌
$
1,446‌
Entertainment
-
0.45%
Caesars
Entertainment
Inc
(e),(g)
4,540‌
175‌
DraftKings
Inc
(e)
2,786‌
122‌
Everi
Holdings
Inc
(e)
46,666‌
628‌
Genius
Sports
Ltd
(e)
4,896‌
49‌
International
Game
Technology
PLC
29,900‌
575‌
Live
Nation
Entertainment
Inc
(e)
1,409‌
195‌
Monarch
Casino
&
Resort
Inc
682‌
57‌
Toho
Co
Ltd/Tokyo
2,600‌
114‌
$
1,915‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Environmental
Control
-
0.25%
Casella
Waste
Systems
Inc
(e)
559‌
$
63‌
Pentair
PLC
2,031‌
221‌
Republic
Services
Inc
(g)
551‌
120‌
Veralto
Corp
(g)
1,547‌
168‌
Waste
Connections
Inc
1,273‌
245‌
Waste
Management
Inc
(g)
1,065‌
243‌
$
1,060‌
Food
-
0.90%
Conagra
Brands
Inc
(g)
5,071‌
140‌
General
Mills
Inc
(g)
1,168‌
78‌
George
Weston
Ltd
200‌
32‌
Kellanova
(g)
29,978‌
2,437‌
Kraft
Heinz
Co/The
(g)
7,187‌
230‌
Kroger
Co/The
(g)
2,604‌
159‌
Mondelez
International
Inc
(g)
3,758‌
244‌
Sysco
Corp
(g)
1,688‌
130‌
Tyson
Foods
Inc
(g)
5,230‌
337‌
WK
Kellogg
Co
629‌
13‌
$
3,800‌
Forest
Products
&
Paper
-
0.05%
International
Paper
Co
(g)
2,982‌
176‌
Magnera
Corp
(e)
1,476‌
30‌
$
206‌
Gas
-
0.04%
New
Jersey
Resources
Corp
1,227‌
63‌
Spire
Inc
789‌
58‌
UGI
Corp
1,854‌
56‌
$
177‌
Hand
&
Machine
Tools
-
0.19%
Fuji
Electric
Co
Ltd
300‌
17‌
Kennametal
Inc
2,144‌
62‌
Makita
Corp
3,900‌
122‌
Schindler
Holding
AG
-
PC
310‌
90‌
Snap-on
Inc
(g)
674‌
249‌
Stanley
Black
&
Decker
Inc
(g)
1,719‌
154‌
Techtronic
Industries
Co
Ltd
6,553‌
93‌
$
787‌
Healthcare
-
Products
-
0.95%
Abbott
Laboratories
242‌
29‌
ABIOMED
Inc
-
Contingent
Value
Rights
(e),(f)
692‌
1‌
Agilent
Technologies
Inc
716‌
99‌
Align
Technology
Inc
(e)
199‌
46‌
Allurion
Technologies
Inc
-
Warrants
(e)
931‌
—‌
Artivion
Inc
(e)
2,633‌
78‌
Baxter
International
Inc
15,830‌
533‌
Boston
Scientific
Corp
(e)
815‌
74‌
CareDx
Inc
(e)
93‌
2‌
Carl
Zeiss
Meditec
AG
143‌
9‌
Danaher
Corp
(g)
1,049‌
252‌
Edwards
Lifesciences
Corp
(e)
1,481‌
106‌
Exact
Sciences
Corp
(e)
1,171‌
73‌
GE
HealthCare
Technologies
Inc
(g)
2,504‌
208‌
Glaukos
Corp
(e)
370‌
53‌
Hologic
Inc
(e),(g)
3,608‌
287‌
Inspire
Medical
Systems
Inc
(e)
205‌
39‌
Integra
LifeSciences
Holdings
Corp
(e)
2,248‌
55‌
Intuitive
Surgical
Inc
(e)
145‌
79‌
Koninklijke
Philips
NV
(e)
3,457‌
94‌
Medtronic
PLC
829‌
72‌
Natera
Inc
(e)
536‌
90‌
Omnicell
Inc
(e)
1,042‌
48‌
PROCEPT
BioRobotics
Corp
(e)
970‌
93‌
Psyence
Biomedical
Ltd
-
Warrants
(e)
974‌
—‌
ResMed
Inc
(g)
1,332‌
331‌
SI-BONE
Inc
(e)
1,993‌
27‌
Solventum
Corp
(e),(g)
7,059‌
505‌
Stryker
Corp
(g)
912‌
358‌
Terumo
Corp
200‌
4‌
Thermo
Fisher
Scientific
Inc
(g)
234‌
124‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
71
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Healthcare
-
Products
(continued)
TransMedics
Group
Inc
(e)
219‌
$
19‌
Twist
Bioscience
Corp
(e)
104‌
5‌
Varex
Imaging
Corp
(e)
3,395‌
57‌
Zimmer
Biomet
Holdings
Inc
(g)
1,439‌
161‌
$
4,011‌
Healthcare
-
Services
-
1.27%
Acadia
Healthcare
Co
Inc
(e)
445‌
18‌
Amedisys
Inc
(e)
7,181‌
656‌
Catalent
Inc
(c),(e)
34,684‌
2,120‌
Centene
Corp
(e),(g)
3,656‌
219‌
Charles
River
Laboratories
International
Inc
(e)
418‌
83‌
Cigna
Group/The
(g)
749‌
253‌
DaVita
Inc
(e),(g)
1,183‌
197‌
Elevance
Health
Inc
(g)
744‌
303‌
Eurofins
Scientific
SE
1,359‌
67‌
Fresenius
Medical
Care
AG
943‌
42‌
Fresenius
SE
&
Co
KGaA
(e)
205‌
7‌
HCA
Healthcare
Inc
(g)
716‌
234‌
Humana
Inc
112‌
33‌
IQVIA
Holdings
Inc
(e),(g)
722‌
145‌
Molina
Healthcare
Inc
(e),(g)
781‌
233‌
PACS
Group
Inc
(e)
158‌
3‌
Quest
Diagnostics
Inc
722‌
117‌
UnitedHealth
Group
Inc
(g)
762‌
465‌
Universal
Health
Services
Inc
(g)
742‌
152‌
$
5,347‌
Holding
Companies
-
Diversified
-
0.26%
A
SPAC
III
Acquisition
Corp
(e)
3,161‌
32‌
Acropolis
Infrastructure
Acquisition
Corp
-
Escrow
(e),(f)
5,690‌
—‌
Aimfinity
Investment
Corp
I
(e)
2,172‌
25‌
Alchemy
Investments
Acquisition
Corp
1
-
Warrants
(e)
3,107‌
—‌
Aldel
Financial
II
Inc
(e)
9,116‌
91‌
AltEnergy
Acquisition
Corp
-
Warrants
(e)
449‌
—‌
Andretti
Acquisition
Corp
II
(e)
9,732‌
98‌
Arogo
Capital
Acquisition
Corp
-
Warrants
(e)
4,211‌
—‌
Bowen
Acquisition
Corp
(e)
3,937‌
43‌
Bukit
Jalil
Global
Acquisition
1
Ltd
-
Rights
(e)
2,239‌
—‌
Bukit
Jalil
Global
Acquisition
1
Ltd
-
Warrants
(e)
1,119‌
—‌
CARTESIAN
GROWTH
CORP
II
-
Warrants
(e)
781‌
—‌
Cartica
Acquisition
Corp
(e)
2,187‌
25‌
Cayson
Acquisition
Corp
(e)
3,476‌
35‌
CERo
Therapeutics
Holdings
Inc
-
Warrants
(e)
449‌
—‌
Colombier
Acquisition
Corp
II
(e)
3,643‌
36‌
Direct
Selling
Acquisition
Corp
(e)
3,078‌
35‌
ESH
Acquisition
Corp
-
Rights
(e)
5,825‌
—‌
EVe
Mobility
Acquisition
Corp
-
Warrants
(e)
1,847‌
—‌
Evergreen
Corp
-
Warrants
(e)
4,211‌
—‌
Global
Blockchain
Acquisition
Corp
-
Warrants
(e)
10,160‌
1‌
Golden
Star
Acquisition
Corp
-
Rights
(e)
3,462‌
1‌
Graf
Global
Corp
(e)
4,458‌
45‌
Haymaker
Acquisition
Corp
4
(e)
4,740‌
51‌
International
Media
Acquisition
Corp
-
Warrants
(e)
2,300‌
—‌
Iron
Horse
Acquisitions
Corp
(e)
4,699‌
48‌
Iron
Horse
Acquisitions
Corp
-
Rights
(e)
4,699‌
1‌
Iron
Horse
Acquisitions
Corp
-
Warrants
(e)
4,699‌
—‌
Jaws
Mustang
Acquisition
Corp
-
Warrants
(e)
4,137‌
—‌
Keen
Vision
Acquisition
Corp
-
Warrants
(e)
10,678‌
1‌
Nabors
Energy
Transition
Corp
II
-
Warrants
(e)
3,623‌
—‌
New
Horizon
Aircraft
Ltd
-
Warrants
(e)
14,777‌
—‌
Newbury
Street
II
Acquisition
Corp
(e)
9,880‌
98‌
Oak
Woods
Acquisition
Corp
(e)
4,220‌
48‌
Oak
Woods
Acquisition
Corp
-
Warrants
(e)
10,768‌
—‌
Papaya
Growth
Opportunity
Corp
I
-
Warrants
(e)
1,648‌
—‌
Pershing
Square
Tontine
Holdings
Ltd
(e),(f)
977‌
—‌
Pershing
Square
Tontine
Holdings
Ltd
-
Escrow
(e),(f)
3,910‌
—‌
Pyrophyte
Acquisition
Corp
-
Warrants
(e)
600‌
—‌
Silverbox
Corp
IV
(e)
9,012‌
91‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Holding
Companies
-
Diversified
(continued)
Slam
Corp
-
Warrants
(e)
6,312‌
$
1‌
Spark
I
Acquisition
Corp
(e)
8,467‌
90‌
Spark
I
Acquisition
Corp
-
Warrants
(e)
4,233‌
—‌
Spring
Valley
Acquisition
Corp
II
-
Rights
(e)
1,102‌
—‌
Spring
Valley
Acquisition
Corp
II
-
Warrants
(e)
551‌
—‌
Target
Global
Acquisition
I
Corp
-
Warrants
(e)
1,309‌
—‌
TLGY
Acquisition
Corp
(e)
3,517‌
41‌
Veea
Inc
-
Warrants
(e)
1,370‌
—‌
Volato
Group
Inc
-
Warrants
(e)
1,728‌
—‌
Voyager
Acquisition
Corp
(e)
9,148‌
92‌
Willow
Lane
Acquisition
Corp
(e)
6,595‌
66‌
$
1,095‌
Home
Builders
-
0.07%
Champion
Homes
Inc
(e)
1,668‌
173‌
DR
Horton
Inc
(g)
205‌
35‌
Lennar
Corp
-
A
Shares
75‌
13‌
NVR
Inc
(e),(g)
6‌
55‌
PulteGroup
Inc
(g)
251‌
34‌
$
310‌
Home
Furnishings
-
0.10%
Leggett
&
Platt
Inc
3,839‌
48‌
MillerKnoll
Inc
1,892‌
48‌
Rational
AG
78‌
73‌
Sonos
Inc
(e)
4,530‌
62‌
Vizio
Holding
Corp
(e)
11,385‌
130‌
Xperi
Inc
(e)
6,056‌
57‌
$
418‌
Insurance
-
1.11%
Aflac
Inc
(g)
489‌
56‌
Ageas
SA/NV
487‌
25‌
AIA
Group
Ltd
20,800‌
157‌
Allstate
Corp/The
174‌
36‌
Aon
PLC
394‌
154‌
Berkshire
Hathaway
Inc
-
Class
B
(e),(g)
1,038‌
501‌
Brown
&
Brown
Inc
191‌
22‌
Chubb
Ltd
1,555‌
448‌
Cincinnati
Financial
Corp
(g)
1,043‌
167‌
Equitable
Holdings
Inc
910‌
44‌
Everest
Group
Ltd
226‌
88‌
Globe
Life
Inc
667‌
74‌
Hannover
Rueck
SE
349‌
91‌
Hartford
Financial
Services
Group
Inc/The
(g)
1,475‌
182‌
iA
Financial
Corp
Inc
2,100‌
201‌
Kemper
Corp
758‌
54‌
Lancashire
Holdings
Ltd
5,791‌
47‌
Loews
Corp
(g)
1,674‌
145‌
Marsh
&
McLennan
Cos
Inc
(g)
1,443‌
337‌
MetLife
Inc
(g)
2,507‌
221‌
MS&AD
Insurance
Group
Holdings
Inc
2,500‌
56‌
NMI
Holdings
Inc
(e)
1,487‌
59‌
ProAssurance
Corp
(e)
3,083‌
52‌
Progressive
Corp/The
(g)
968‌
260‌
Prudential
Financial
Inc
(g)
1,700‌
220‌
Prudential
PLC
11,177‌
92‌
SiriusPoint
Ltd
(e)
4,056‌
62‌
Talanx
AG
2,441‌
207‌
Travelers
Cos
Inc/The
(g)
588‌
156‌
W
R
Berkley
Corp
(g)
1,278‌
82‌
Willis
Towers
Watson
PLC
574‌
185‌
Zurich
Insurance
Group
AG
316‌
201‌
$
4,682‌
Internet
-
2.22%
Airbnb
Inc
(e)
766‌
104‌
Alphabet
Inc
-
A
Shares
(g)
11,203‌
1,892‌
Alphabet
Inc
-
C
Shares
514‌
88‌
Amazon.com
Inc
(e),(g)
9,107‌
1,894‌
Booking
Holdings
Inc
(g)
73‌
380‌
CAR
Group
Ltd
3,013‌
82‌
CDW
Corp/DE
328‌
58‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
72
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Internet
(continued)
Criteo
SA
ADR
(e)
1,054‌
$
43‌
eBay
Inc
(g)
1,764‌
112‌
Expedia
Group
Inc
(e),(g)
830‌
153‌
F5
Inc
(e),(g)
1,651‌
413‌
Gen
Digital
Inc
(g)
11,384‌
351‌
GoDaddy
Inc
(e),(g)
1,149‌
227‌
Hims
&
Hers
Health
Inc
(e)
5,533‌
178‌
M3
Inc
10,200‌
99‌
Magnite
Inc
(e)
5,725‌
96‌
Match
Group
Inc
(e),(g)
2,380‌
78‌
MercadoLibre
Inc
(e)
26‌
52‌
Meta
Platforms
Inc
(g)
2,076‌
1,193‌
Netflix
Inc
(e),(g)
790‌
700‌
Okta
Inc
(e)
330‌
26‌
Pinterest
Inc
(e)
2,614‌
79‌
Shopify
Inc
(e)
2,000‌
231‌
Spotify
Technology
SA
(e)
421‌
201‌
Trend
Micro
Inc/Japan
1,200‌
66‌
Uber
Technologies
Inc
(e)
2,515‌
181‌
VeriSign
Inc
(e),(g)
1,393‌
261‌
Ziff
Davis
Inc
(e)
364‌
21‌
Zillow
Group
Inc
-
C
Shares
(e)
800‌
68‌
$
9,327‌
Investment
Companies
-
0.01%
HA
Sustainable
Infrastructure
Capital
Inc
1,042‌
33‌
Iron
&
Steel
-
0.42%
Nucor
Corp
(g)
507‌
78‌
Reliance
Inc
305‌
98‌
United
States
Steel
Corp
(c)
37,472‌
1,528‌
voestalpine
AG
2,762‌
54‌
$
1,758‌
Leisure
Products
&
Services
-
0.14%
Carnival
Corp
(e)
2,032‌
52‌
Malibu
Boats
Inc
(e)
1,351‌
58‌
Revelyst
Inc
(e)
16,229‌
307‌
Royal
Caribbean
Cruises
Ltd
293‌
71‌
Shimano
Inc
400‌
56‌
Viking
Holdings
Ltd
(e)
1,246‌
58‌
$
602‌
Lodging
-
0.22%
Galaxy
Entertainment
Group
Ltd
30,000‌
135‌
Hilton
Worldwide
Holdings
Inc
(g)
920‌
233‌
Las
Vegas
Sands
Corp
769‌
41‌
Marriott
International
Inc/MD
(g)
879‌
254‌
Sands
China
Ltd
(e)
29,200‌
75‌
Wyndham
Hotels
&
Resorts
Inc
870‌
85‌
Wynn
Resorts
Ltd
(g)
1,310‌
124‌
$
947‌
Machinery
-
Construction
&
Mining
-
0.11%
Caterpillar
Inc
(g)
774‌
315‌
GE
Vernova
Inc
(e)
231‌
77‌
Hitachi
Ltd
2,400‌
60‌
$
452‌
Machinery
-
Diversified
-
0.30%
Applied
Industrial
Technologies
Inc
350‌
96‌
Atlas
Copco
AB
-
A
Shares
5,015‌
80‌
Cactus
Inc
558‌
38‌
Daifuku
Co
Ltd
1,100‌
23‌
Deere
&
Co
56‌
27‌
Dover
Corp
(g)
1,614‌
332‌
Ichor
Holdings
Ltd
(e)
1,233‌
40‌
Middleby
Corp/The
(e)
278‌
40‌
Otis
Worldwide
Corp
(g)
2,739‌
282‌
Wartsila
OYJ
Abp
2,497‌
46‌
Westinghouse
Air
Brake
Technologies
Corp
(g)
925‌
186‌
Zurn
Elkay
Water
Solutions
Corp
1,338‌
53‌
$
1,243‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Media
-
1.31%
Altice
USA
Inc
(e)
22,876‌
$
55‌
Charter
Communications
Inc
(e)
379‌
150‌
Comcast
Corp
-
Class
A
(g)
12,358‌
534‌
Endeavor
Group
Holdings
Inc
119,542‌
3,631‌
Fox
Corp
-
A
Shares
(g)
8,478‌
400‌
iHeartMedia
Inc
(e)
4,361‌
10‌
Liberty
Media
Corp-Liberty
Formula
One
-
C
Shares
(e)
1,156‌
102‌
News
Corp
-
A
Shares
(g)
1,822‌
53‌
Paramount
Global
-
Class
B
11,653‌
126‌
Walt
Disney
Co/The
(g)
3,640‌
428‌
Warner
Bros
Discovery
Inc
(e)
2,938‌
31‌
$
5,520‌
Metal
Fabrication
&
Hardware
-
0.03%
Prysmian
SpA
447‌
29‌
Xometry
Inc
(e)
2,963‌
92‌
$
121‌
Mining
-
0.31%
Barrick
Gold
Corp
13,355‌
234‌
Barrick
Gold
Corp
3,227‌
56‌
BHP
Group
Ltd
1,274‌
34‌
First
Quantum
Minerals
Ltd
(e)
9,400‌
128‌
Freeport-McMoRan
Inc
(g)
8,298‌
367‌
Kaiser
Aluminum
Corp
1,425‌
116‌
Kinross
Gold
Corp
15,300‌
150‌
Newmont
Corp
(g)
462‌
19‌
Norsk
Hydro
ASA
5,197‌
32‌
Northern
Star
Resources
Ltd
5,929‌
68‌
Rio
Tinto
PLC
ADR
1,477‌
93‌
$
1,297‌
Miscellaneous
Manufacturers
-
0.25%
3M
Co
(g)
1,805‌
241‌
A
O
Smith
Corp
(g)
2,592‌
193‌
Alfa
Laval
AB
919‌
39‌
Axon
Enterprise
Inc
(e)
147‌
95‌
Carlisle
Cos
Inc
8‌
4‌
Fabrinet
(e)
150‌
35‌
Illinois
Tool
Works
Inc
(g)
817‌
226‌
Parker-Hannifin
Corp
(g)
25‌
18‌
Sturm
Ruger
&
Co
Inc
1,311‌
50‌
Teledyne
Technologies
Inc
(e),(g)
317‌
154‌
$
1,055‌
Office
&
Business
Equipment
-
0.02%
Zebra
Technologies
Corp
(e),(g)
239‌
97‌
Office
Furnishings
-
0.02%
Interface
Inc
2,986‌
79‌
Oil
&
Gas
-
1.07%
Canadian
Natural
Resources
Ltd
2,390‌
81‌
Chevron
Corp
(g)
3,048‌
494‌
Chord
Energy
Corp
(g)
262‌
33‌
Civitas
Resources
Inc
696‌
36‌
ConocoPhillips
(g)
3,245‌
352‌
Coterra
Energy
Inc
(g)
8,834‌
236‌
Devon
Energy
Corp
(g)
399‌
15‌
EOG
Resources
Inc
(g)
2,477‌
330‌
EQT
Corp
1,862‌
85‌
Equinor
ASA
1,255‌
31‌
Exxon
Mobil
Corp
281‌
33‌
Hess
Corp
(c)
14,839‌
2,184‌
Inpex
Corp
2,700‌
35‌
MEG
Energy
Corp
900‌
16‌
PBF
Energy
Inc
1,126‌
36‌
Phillips
66
(g)
375‌
50‌
Texas
Pacific
Land
Corp
72‌
115‌
Valero
Energy
Corp
(g)
1,759‌
244‌
Viper
Energy
Inc
1,617‌
88‌
$
4,494‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
73
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Oil
&
Gas
Services
-
0.82%
Baker
Hughes
Co
(g)
6,836‌
$
301‌
ChampionX
Corp
79,904‌
2,473‌
Halliburton
Co
(g)
6,019‌
192‌
Helix
Energy
Solutions
Group
Inc
(e)
5,918‌
63‌
Schlumberger
NV
(g)
7,902‌
347‌
Select
Water
Solutions
Inc
4,053‌
60‌
Tidewater
Inc
(e)
579‌
30‌
$
3,466‌
Packaging
&
Containers
-
0.47%
Ball
Corp
(g)
6,912‌
429‌
Berry
Global
Group
Inc
19,842‌
1,435‌
CCL
Industries
Inc
400‌
22‌
Greif
Inc
-
Class
A
809‌
57‌
Packaging
Corp
of
America
180‌
45‌
Smurfit
WestRock
PLC
193‌
11‌
$
1,999‌
Pharmaceuticals
-
1.27%
AbbVie
Inc
(g)
1,437‌
263‌
Agios
Pharmaceuticals
Inc
(e)
107‌
6‌
Alkermes
PLC
(e)
285‌
8‌
Amneal
Pharmaceuticals
Inc
(e)
293‌
2‌
Amphastar
Pharmaceuticals
Inc
(e)
71‌
3‌
Amplifon
SpA
1,250‌
32‌
Arvinas
Inc
(e)
120‌
3‌
Astellas
Pharma
Inc
12,200‌
127‌
AstraZeneca
PLC
ADR
1,504‌
102‌
Avadel
Pharmaceuticals
PLC
(e)
172‌
2‌
Becton
Dickinson
&
Co
(g)
626‌
139‌
BellRing
Brands
Inc
(e)
648‌
51‌
Bristol-Myers
Squibb
Co
(g)
9,370‌
554‌
Catalyst
Pharmaceuticals
Inc
(e)
208‌
5‌
Cencora
Inc
(g)
646‌
163‌
Corcept
Therapeutics
Inc
(e)
148‌
9‌
CVS
Health
Corp
(g)
3,409‌
204‌
Daiichi
Sankyo
Co
Ltd
3,300‌
105‌
Eli
Lilly
&
Co
(g)
231‌
184‌
Grifols
SA
(e)
316‌
3‌
GSK
PLC
5,318‌
90‌
Harrow
Inc
(e)
56‌
2‌
Hikma
Pharmaceuticals
PLC
1,447‌
35‌
Johnson
&
Johnson
(g)
2,273‌
352‌
Kura
Oncology
Inc
(e)
133‌
1‌
Kyowa
Kirin
Co
Ltd
1,500‌
25‌
Longboard
Pharmaceuticals
Inc
(e)
59‌
4‌
Madrigal
Pharmaceuticals
Inc
(e)
33‌
11‌
MannKind
Corp
(e)
485‌
3‌
McKesson
Corp
(g)
411‌
258‌
Merck
&
Co
Inc
(g)
5,603‌
570‌
Merus
NV
(e)
368‌
16‌
Mirum
Pharmaceuticals
Inc
(e)
73‌
3‌
Neurocrine
Biosciences
Inc
(e),(g)
1,018‌
129‌
Novartis
AG
2,087‌
221‌
Novo
Nordisk
A/S
2,983‌
320‌
Ocular
Therapeutix
Inc
(e)
288‌
3‌
Ono
Pharmaceutical
Co
Ltd
3,400‌
39‌
Orion
Oyj
5,035‌
238‌
Pacira
BioSciences
Inc
(e)
1,495‌
25‌
Pfizer
Inc
5,026‌
132‌
Protagonist
Therapeutics
Inc
(e)
290‌
13‌
Recordati
Industria
Chimica
e
Farmaceutica
SpA
4,710‌
257‌
Rhythm
Pharmaceuticals
Inc
(e)
100‌
6‌
Roche
Holding
AG
102‌
30‌
Sanofi
SA
ADR
1,869‌
91‌
Shionogi
&
Co
Ltd
2,700‌
38‌
Spyre
Therapeutics
Inc
(e)
64‌
2‌
Supernus
Pharmaceuticals
Inc
(e)
95‌
3‌
Takeda
Pharmaceutical
Co
Ltd
2,800‌
76‌
Vaxcyte
Inc
(e)
581‌
55‌
Verona
Pharma
PLC
ADR
(e)
467‌
19‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Pharmaceuticals
(continued)
Viatris
Inc
(g)
14,570‌
$
191‌
Zoetis
Inc
(g)
774‌
136‌
$
5,359‌
Pipelines
-
0.25%
Cheniere
Energy
Inc
745‌
167‌
Keyera
Corp
1,000‌
33‌
Kinder
Morgan
Inc
(g)
12,807‌
362‌
ONEOK
Inc
(g)
1,603‌
182‌
Southcross
Holdings
(e),(f)
615,976‌
—‌
Targa
Resources
Corp
(g)
726‌
148‌
Williams
Cos
Inc/The
2,524‌
148‌
$
1,040‌
Private
Equity
-
0.05%
Blackstone
Inc
(g)
327‌
62‌
KKR
&
Co
Inc
(g)
922‌
151‌
$
213‌
Real
Estate
-
0.16%
CBRE
Group
Inc
(e),(g)
1,034‌
145‌
Daito
Trust
Construction
Co
Ltd
1,100‌
123‌
Jones
Lang
LaSalle
Inc
(e)
118‌
33‌
LEG
Immobilien
SE
1,317‌
122‌
Marcus
&
Millichap
Inc
1,318‌
55‌
Sagax
AB
1,823‌
40‌
Sekisui
House
Ltd
1,000‌
24‌
Swiss
Prime
Site
AG
1,188‌
131‌
$
673‌
REITs
-
0.84%
American
Tower
Corp
(g)
1,271‌
266‌
AvalonBay
Communities
Inc
(g)
865‌
204‌
Camden
Property
Trust
(g)
699‌
88‌
Canadian
Apartment
Properties
REIT
4,900‌
160‌
CareTrust
REIT
Inc
1,961‌
58‌
Digital
Realty
Trust
Inc
(g)
752‌
147‌
Equinix
Inc
(g)
259‌
254‌
Equity
Residential
(g)
6,680‌
512‌
Essex
Property
Trust
Inc
119‌
37‌
Extra
Space
Storage
Inc
(g)
608‌
104‌
Independence
Realty
Trust
Inc
2,840‌
62‌
Land
Securities
Group
PLC
4,254‌
33‌
Macerich
Co/The
3,713‌
79‌
Mid-America
Apartment
Communities
Inc
(g)
104‌
17‌
Pebblebrook
Hotel
Trust
3,429‌
47‌
Piedmont
Office
Realty
Trust
Inc
5,160‌
49‌
Prologis
Inc
33‌
4‌
Realty
Income
Corp
(g)
3,136‌
182‌
Rithm
Capital
Corp
3,954‌
44‌
Ryman
Hospitality
Properties
Inc
476‌
56‌
Simon
Property
Group
Inc
(g)
1,899‌
349‌
Sun
Communities
Inc
1,442‌
182‌
UDR
Inc
1,809‌
83‌
Ventas
Inc
773‌
50‌
VICI
Properties
Inc
(g)
6,960‌
227‌
Warehouses
De
Pauw
CVA
875‌
19‌
Welltower
Inc
(g)
1,621‌
224‌
$
3,537‌
Retail
-
1.13%
Abercrombie
&
Fitch
Co
(e)
103‌
15‌
AutoZone
Inc
(e),(g)
44‌
140‌
Bath
&
Body
Works
Inc
(g)
2,567‌
93‌
Best
Buy
Co
Inc
(g)
1,169‌
105‌
Boot
Barn
Holdings
Inc
(e)
315‌
43‌
Burlington
Stores
Inc
(e),(g)
537‌
151‌
Canadian
Tire
Corp
Ltd
1,600‌
176‌
CarMax
Inc
(e),(g)
1,076‌
90‌
Chipotle
Mexican
Grill
Inc
(e),(g)
200‌
12‌
Costco
Wholesale
Corp
(g)
63‌
62‌
Cracker
Barrel
Old
Country
Store
Inc
655‌
36‌
Dollarama
Inc
500‌
52‌
Fast
Retailing
Co
Ltd
300‌
103‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
74
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Retail
(continued)
Freshpet
Inc
(e)
418‌
$
64‌
Home
Depot
Inc/The
(g)
327‌
140‌
Industria
de
Diseno
Textil
SA
3,297‌
182‌
JD
Sports
Fashion
PLC
44,850‌
58‌
Lowe's
Cos
Inc
(g)
628‌
171‌
Lululemon
Athletica
Inc
(e),(g)
321‌
103‌
McDonald's
Corp
(g)
1,706‌
505‌
O'Reilly
Automotive
Inc
(e)
53‌
66‌
Pan
Pacific
International
Holdings
Corp
5,500‌
140‌
Papa
John's
International
Inc
1,090‌
54‌
Ross
Stores
Inc
(g)
1,630‌
253‌
Starbucks
Corp
(g)
443‌
46‌
Target
Corp
(g)
3,254‌
431‌
TJX
Cos
Inc/The
(g)
4,737‌
595‌
Ulta
Beauty
Inc
(e)
225‌
87‌
Walgreens
Boots
Alliance
Inc
(g)
7,365‌
66‌
Walmart
Inc
(g)
4,227‌
392‌
Wingstop
Inc
105‌
35‌
Yum!
Brands
Inc
(g)
2,126‌
295‌
$
4,761‌
Savings
&
Loans
-
0.02%
Pacific
Premier
Bancorp
Inc
1,972‌
56‌
WSFS
Financial
Corp
741‌
44‌
$
100‌
Semiconductors
-
1.84%
Applied
Materials
Inc
(g)
1,857‌
324‌
ARM
Holdings
PLC
ADR
(e)
396‌
53‌
ASM
International
NV
132‌
71‌
ASML
Holding
NV
-
NY
Reg
Shares
86‌
59‌
BE
Semiconductor
Industries
NV
134‌
16‌
Broadcom
Inc
(g)
5,620‌
911‌
KLA
Corp
(g)
321‌
208‌
Lam
Research
Corp
(g)
3,550‌
262‌
Lasertec
Corp
500‌
55‌
Marvell
Technology
Inc
763‌
71‌
Microchip
Technology
Inc
228‌
15‌
Micron
Technology
Inc
(g)
2,852‌
279‌
MKS
Instruments
Inc
229‌
26‌
Monolithic
Power
Systems
Inc
(g)
45‌
26‌
NVIDIA
Corp
(g)
22,658‌
3,133‌
NXP
Semiconductors
NV
(g)
710‌
163‌
ON
Semiconductor
Corp
(e)
1,031‌
73‌
Qorvo
Inc
(e),(g)
6,406‌
442‌
QUALCOMM
Inc
(g)
4,522‌
717‌
Silicon
Motion
Technology
Corp
ADR
734‌
39‌
SiTime
Corp
(e)
212‌
45‌
Skyworks
Solutions
Inc
(g)
4,254‌
373‌
Synaptics
Inc
(e)
235‌
19‌
Teradyne
Inc
(g)
101‌
11‌
Texas
Instruments
Inc
969‌
195‌
Tokyo
Electron
Ltd
600‌
94‌
Tower
Semiconductor
Ltd
(e)
1,294‌
61‌
$
7,741‌
Software
-
2.66%
Adeia
Inc
3,550‌
43‌
Adobe
Inc
(e)
225‌
116‌
Airship
AI
Holdings
Inc
-
Warrants
(e)
37,466‌
17‌
ANSYS
Inc
(e)
816‌
286‌
Atlassian
Corp
(e)
219‌
58‌
Autodesk
Inc
(e),(g)
121‌
35‌
AvePoint
Inc
(e)
4,404‌
78‌
Broadridge
Financial
Solutions
Inc
(g)
189‌
45‌
Cadence
Design
Systems
Inc
(e)
401‌
123‌
Clearwater
Analytics
Holdings
Inc
(e)
1,908‌
59‌
Cloudflare
Inc
(e)
1,031‌
103‌
Constellation
Software
Inc/Canada
-
Warrants
(e),(f)
153‌
—‌
Datadog
Inc
(e)
403‌
61‌
Docebo
Inc
(e)
1,270‌
63‌
Dynatrace
Inc
(e),(g)
1,036‌
58‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Software
(continued)
Electronic
Arts
Inc
(g)
2,129‌
$
349‌
Fair
Isaac
Corp
(e),(g)
21‌
50‌
Fiserv
Inc
(e),(g)
922‌
204‌
Global-e
Online
Ltd
(e)
612‌
32‌
HashiCorp
Inc
(c),(e)
79,203‌
2,663‌
iLearningEngines
Holdings
Inc
-
Warrants
(e)
1,824‌
—‌
Informatica
Inc
(e)
643‌
17‌
Ingram
Micro
Holding
Corp
(e)
645‌
15‌
Intapp
Inc
(e)
462‌
29‌
Intuit
Inc
200‌
128‌
Jamf
Holding
Corp
(e)
1,605‌
23‌
Konami
Group
Corp
900‌
89‌
LeddarTech
Holdings
Inc
-
Warrants
(e)
2,297‌
—‌
Manhattan
Associates
Inc
(e),(g)
16‌
5‌
Microsoft
Corp
(g)
5,254‌
2,225‌
MINDBODY
Inc
(e),(f)
9,229‌
337‌
MKD
Tech
Inc
-
Warrants
(e)
8,878‌
—‌
MongoDB
Inc
(e)
181‌
58‌
MSCI
Inc
(g)
200‌
122‌
Nemetschek
SE
537‌
56‌
Nexon
Co
Ltd
7,400‌
102‌
Oracle
Corp
(g)
1,904‌
352‌
Palantir
Technologies
Inc
(e),(g)
2,485‌
166‌
Paycom
Software
Inc
84‌
20‌
RingCentral
Inc
(e)
1,683‌
63‌
Roper
Technologies
Inc
(g)
283‌
160‌
Salesforce
Inc
(g)
1,325‌
437‌
SEMrush
Holdings
Inc
(e)
3,485‌
47‌
SentinelOne
Inc
(e)
924‌
26‌
ServiceNow
Inc
(e),(g)
221‌
232‌
Smartsheet
Inc
(e)
20,585‌
1,152‌
SolarWinds
Corp
3,787‌
51‌
Synopsys
Inc
(e)
140‌
79‌
TIS
Inc
3,200‌
79‌
Veradigm
Inc
(e)
4,724‌
49‌
Verint
Systems
Inc
(e)
1,815‌
46‌
WiseTech
Global
Ltd
1,038‌
87‌
Workday
Inc
(e)
154‌
39‌
Zuora
Inc
(e)
47,953‌
476‌
$
11,210‌
Telecommunications
-
0.80%
Arista
Networks
Inc
(e)
420‌
171‌
AT&T
Inc
(g)
3,658‌
85‌
Cisco
Systems
Inc
(g)
7,733‌
458‌
Corning
Inc
(g)
3,501‌
170‌
Credo
Technology
Group
Holding
Ltd
(e)
376‌
18‌
Frontier
Communications
Parent
Inc
(e)
5,380‌
187‌
Infinera
Corp
(e)
10,194‌
67‌
InterDigital
Inc
363‌
71‌
Juniper
Networks
Inc
30,956‌
1,112‌
KDDI
Corp
2,000‌
66‌
Motorola
Solutions
Inc
(g)
580‌
290‌
Telefonaktiebolaget
LM
Ericsson
7,217‌
59‌
Telenor
ASA
6,317‌
75‌
T-Mobile
US
Inc
(g)
1,137‌
281‌
Verizon
Communications
Inc
(g)
2,802‌
124‌
Vodafone
Group
PLC
135,539‌
122‌
$
3,356‌
Toys,
Games
&
Hobbies
-
0.01%
Hasbro
Inc
433‌
28‌
Transportation
-
0.52%
AP
Moller
-
Maersk
A/S
-
B
76‌
129‌
CH
Robinson
Worldwide
Inc
(g)
1,297‌
137‌
CSX
Corp
(g)
4,267‌
156‌
Expeditors
International
of
Washington
Inc
(g)
1,197‌
146‌
FedEx
Corp
(g)
1,253‌
379‌
Freightos
Ltd
-
Warrants
(e)
388‌
—‌
InPost
SA
(e)
7,409‌
130‌
Kawasaki
Kisen
Kaisha
Ltd
12,300‌
164‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
75
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Transportation
(continued)
Knight-Swift
Transportation
Holdings
Inc
1,819‌
$
108‌
Marten
Transport
Ltd
2,155‌
38‌
Nippon
Yusen
KK
4,100‌
131‌
Ryder
System
Inc
459‌
78‌
SITC
International
Holdings
Co
Ltd
6,000‌
16‌
Union
Pacific
Corp
(g)
1,298‌
317‌
United
Parcel
Service
Inc
(g)
1,784‌
241‌
$
2,170‌
Trucking
&
Leasing
-
0.02%
Greenbrier
Cos
Inc/The
1,212‌
82‌
Water
-
0.02%
United
Utilities
Group
PLC
5,087‌
72‌
TOTAL
COMMON
STOCKS
$
149,923‌
BONDS
-
33.33%
Principal
Amount
(000's)
Value
(000's)
Advertising
-
0.08%
Clear
Channel
Outdoor
Holdings
Inc
7.50%,
06/01/2029
(i)
$
382‌
$
338‌
Aerospace
&
Defense
-
0.35%
BAE
Systems
PLC
5.30%,
03/26/2034
(i)
230‌
235‌
Boeing
Co/The
3.63%,
02/01/2031
209‌
191‌
5.71%,
05/01/2040
151‌
146‌
5.81%,
05/01/2050
370‌
354‌
5.93%,
05/01/2060
10‌
9‌
6.53%,
05/01/2034
(i)
45‌
48‌
6.86%,
05/01/2054
(i)
135‌
147‌
7.01%,
05/01/2064
(i)
65‌
71‌
Embraer
Netherlands
Finance
BV
7.00%,
07/28/2030
(i)
200‌
212‌
RTX
Corp
5.00%,
02/27/2026
65‌
65‌
$
1,478‌
Airlines
-
0.46%
Gol
Finance
SA
15.03%,
PIK
15.03%;
01/29/2025
(i),(j)
1,012‌
1,055‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
10.50%
Latam
Airlines
Group
SA
13.38%,
10/15/2029
(i)
547‌
628‌
United
Airlines
2016-2
Class
B
Pass
Through
Trust
3.65%,
04/07/2027
109‌
107‌
United
Airlines
2019-2
Class
B
Pass
Through
Trust
3.50%,
11/01/2029
168‌
160‌
$
1,950‌
Automobile
Asset
Backed
Securities
-
0.72%
American
Credit
Acceptance
Receivables
Trust
2023-4
7.65%,
09/12/2030
(i)
100‌
104‌
Avis
Budget
Rental
Car
Funding
AESOP
LLC
2.13%,
08/20/2027
(i)
350‌
331‌
5.58%,
12/20/2030
(i)
120‌
120‌
7.24%,
06/20/2029
(i)
100‌
103‌
Bridgecrest
Lending
Auto
Securitization
Trust
2024-2
6.30%,
02/15/2030
120‌
123‌
Carvana
Auto
Receivables
Trust
2021-N4
2.30%,
09/11/2028
30‌
29‌
Carvana
Auto
Receivables
Trust
2021-P1
1.53%,
03/10/2027
140‌
134‌
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
129‌
127‌
Drive
Auto
Receivables
Trust
2024-1
5.43%,
11/17/2031
30‌
30‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Automobile
Asset
Backed
Securities
(continued)
DT
Auto
Owner
Trust
2022-2
5.46%,
03/15/2028
(i)
$
150‌
$
150‌
DT
Auto
Owner
Trust
2023-2
6.62%,
02/15/2029
(i)
115‌
118‌
DT
Auto
Owner
Trust
2023-3
7.12%,
05/15/2029
(i)
100‌
103‌
Exeter
Automobile
Receivables
Trust
2023-2
6.32%,
08/15/2029
100‌
102‌
Exeter
Automobile
Receivables
Trust
2023-5
7.13%,
02/15/2030
125‌
130‌
Exeter
Automobile
Receivables
Trust
2024-5
5.38%,
02/18/2031
50‌
49‌
Ford
Credit
Auto
Lease
Trust
2023-B
6.97%,
06/15/2028
35‌
36‌
GLS
Auto
Receivables
Issuer
Trust
2023-4
7.18%,
08/15/2029
(i)
110‌
115‌
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
248‌
LAD
Auto
Receivables
Trust
2023-4
6.76%,
03/15/2029
(i)
50‌
52‌
Prestige
Auto
Receivables
Trust
2021-1
2.08%,
02/15/2028
(i)
170‌
164‌
Santander
Drive
Auto
Receivables
Trust
2024-3
5.97%,
10/15/2031
130‌
133‌
Westlake
Automobile
Receivables
Trust
2022-2
5.48%,
09/15/2027
(i)
125‌
125‌
Westlake
Automobile
Receivables
Trust
2023-3
6.47%,
03/15/2029
(i)
100‌
103‌
Westlake
Automobile
Receivables
Trust
2023-4
7.19%,
07/16/2029
(i)
110‌
115‌
Westlake
Automobile
Receivables
Trust
2024-1
5.65%,
02/15/2029
(i)
35‌
35‌
6.02%,
10/15/2029
(i)
90‌
92‌
Westlake
Automobile
Receivables
Trust
2024-2
5.91%,
04/15/2030
(i)
25‌
25‌
$
3,051‌
Automobile
Manufacturers
-
0.39%
American
Honda
Finance
Corp
4.45%,
10/22/2027
395‌
394‌
Ford
Otomotiv
Sanayi
AS
7.13%,
04/25/2029
(i)
450‌
455‌
Mercedes-Benz
Finance
North
America
LLC
4.95%,
03/30/2025
(i)
405‌
405‌
Toyota
Motor
Credit
Corp
4.35%,
10/08/2027
390‌
389‌
$
1,643‌
Automobile
Parts
&
Equipment
-
0.03%
ZF
North
America
Capital
Inc
6.88%,
04/23/2032
(i)
150‌
144‌
Banks
-
2.45%
Australia
&
New
Zealand
Banking
Group
Ltd/New
York
NY
5.67%,
10/03/2025
410‌
413‌
Banca
Transilvania
SA
7.25%,
12/07/2028
(k)
EUR
275‌
313‌
Euribor
Swap
Rate
1
Year
+
4.29%
8.88%,
04/27/2027
(k)
225‌
251‌
Euribor
Swap
Rate
1
Year
+
5.58%
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
76
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Banco
Mercantil
del
Norte
SA/Grand
Cayman
5.88%,
01/24/2027
(i),(k),(l),(m)
$
425‌
$
405‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.64%
5.88%,
01/24/2027
(k),(l),(m)
200‌
191‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.64%
8.38%,
05/20/2031
(i),(k),(l)
500‌
498‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.07%
Bank
Gospodarstwa
Krajowego
5.75%,
07/09/2034
(i)
350‌
356‌
Bank
of
America
Corp
2.48%,
09/21/2036
(k)
95‌
79‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.20%
3.85%,
03/08/2037
(k)
125‌
113‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.00%
Bank
of
New
York
Mellon
Corp/The
5.21%,
04/25/2025
190‌
190‌
Secured
Overnight
Financing
Rate
+
0.62%
BBVA
Bancomer
SA/Texas
5.13%,
01/18/2033
(k),(m)
200‌
188‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.65%
BOI
Finance
BV
7.50%,
02/16/2027
EUR
325‌
331‌
Commonwealth
Bank
of
Australia/New
York
NY
4.58%,
11/27/2026
$
395‌
396‌
5.32%,
03/13/2026
250‌
253‌
Goldman
Sachs
Group
Inc/The
5.80%,
08/10/2026
(k)
410‌
413‌
Secured
Overnight
Financing
Rate
+
1.08%
HSBC
Holdings
PLC
6.25%,
03/09/2034
(k)
850‌
903‌
Secured
Overnight
Financing
Rate
+
2.39%
Israel
Discount
Bank
Ltd
5.38%,
01/26/2028
(i)
275‌
274‌
JPMorgan
Chase
Bank
NA
0.00%,
03/15/2034
(e),(i)
TRY
295,000‌
440‌
Morgan
Stanley
2.48%,
09/16/2036
(k)
$
290‌
240‌
Secured
Overnight
Financing
Rate
+
1.36%
National
Bank
of
Uzbekistan
8.50%,
07/05/2029
200‌
205‌
Standard
Chartered
PLC
3.27%,
02/18/2036
(i),(k)
375‌
330‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.30%
5.91%,
05/14/2035
(i),(k)
200‌
206‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.45%
6.10%,
01/11/2035
(i),(k)
600‌
629‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.10%
State
Street
Bank
&
Trust
Co
4.59%,
11/25/2026
395‌
396‌
State
Street
Corp
4.33%,
10/22/2027
395‌
393‌
Turkiye
Garanti
Bankasi
AS
8.13%,
01/03/2035
(i),(k),(n)
450‌
452‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.84%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
UBS
Group
AG
5.62%,
09/13/2030
(i),(k)
$
410‌
$
420‌
USD
Secured
Overnight
Financing
Rate
ICE
Swap
Rate
1
Year
+
1.34%
5.70%,
02/08/2035
(i),(k)
250‌
258‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.77%
US
Bank
NA/Cincinnati
OH
4.51%,
10/22/2027
(k)
395‌
393‌
Secured
Overnight
Financing
Rate
+
0.69%
Wells
Fargo
&
Co
5.90%,
04/25/2026
380‌
382‌
Secured
Overnight
Financing
Rate
+
1.32%
$
10,311‌
Biotechnology
-
0.07%
Amgen
Inc
5.25%,
03/02/2025
280‌
280‌
Building
Materials
-
0.24%
Cemex
SAB
de
CV
5.13%,
06/08/2026
(i),(k),(l)
200‌
196‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.53%
5.20%,
09/17/2030
(i)
375‌
367‌
Limak
Cimento
Sanayi
ve
Ticaret
AS
9.75%,
07/25/2029
450‌
438‌
$
1,001‌
Chemicals
-
0.35%
Celanese
US
Holdings
LLC
6.70%,
11/15/2033
10‌
11‌
Illuminate
Buyer
LLC
/
Illuminate
Holdings
IV
Inc
9.00%,
07/01/2028
(i)
589‌
598‌
Sasol
Financing
USA
LLC
8.75%,
05/03/2029
(i)
525‌
540‌
Sociedad
Quimica
y
Minera
de
Chile
SA
6.50%,
11/07/2033
(i)
325‌
339‌
$
1,488‌
Commercial
Mortgage
Backed
Securities
-
0.64%
BPR
Trust
2021-NRD
10.23%,
12/15/2038
(i)
20‌
19‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.62%
11.48%,
12/15/2038
(i)
140‌
133‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.87%
BPR
Trust
2022-SSP
7.61%,
05/15/2039
(i)
245‌
246‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Citigroup
Commercial
Mortgage
Trust
2014-GC21
4.91%,
05/10/2047
(i),(o)
135‌
115‌
COMM
2012-CCRE3
Mortgage
Trust
3.92%,
10/15/2045
(i)
106‌
96‌
COMM
2012-LC4
Mortgage
Trust
5.48%,
12/10/2044
(o)
10‌
9‌
CSMC
2014-USA
OA
LLC
4.37%,
09/15/2037
(i)
1,055‌
533‌
DC
Commercial
Mortgage
Trust
2023-DC
7.38%,
09/12/2040
(i),(o)
110‌
114‌
Extended
Stay
America
Trust
2021-ESH
8.42%,
07/15/2038
(i)
106‌
107‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.81%
Greystone
CRE
Notes
2021-HC2
LTD
6.52%,
12/15/2039
(i)
110‌
110‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.91%
LEX
2024-BBG
Mortgage
Trust
5.04%,
10/13/2033
(i),(o)
25‌
25‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
77
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Commercial
Mortgage
Backed
Securities
(continued)
Morgan
Stanley
Capital
I
Trust
2011-C2
5.39%,
06/15/2044
(i),(o)
$
201‌
$
199‌
5.39%,
06/15/2044
(i),(o)
160‌
150‌
Starwood
Retail
Property
Trust
2014-STAR
0.00%,
11/15/2027
(e),(i)
170‌
4‌
1.00
x
Prime
Rate
+
0.00%
0.00%,
11/15/2027
(e),(i)
645‌
—‌
1.00
x
Prime
Rate
+
0.00%
Wells
Fargo
Commercial
Mortgage
Trust
2013-LC12
4.08%,
07/15/2046
(o)
79‌
73‌
Wells
Fargo
Commercial
Mortgage
Trust
2016-C36
4.25%,
11/15/2059
(o)
100‌
80‌
WFRBS
Commercial
Mortgage
Trust
2011-C3
6.05%,
03/15/2044
(i),(o)
108‌
35‌
WFRBS
Commercial
Mortgage
Trust
2011-C4
5.15%,
06/15/2044
(i),(o)
620‌
571‌
WFRBS
Commercial
Mortgage
Trust
2014-C20
4.38%,
05/15/2047
77‌
69‌
$
2,688‌
Commercial
Services
-
0.18%
La
Financiere
Atalian
8.50%,
PIK
0.00%;
06/30/2028
(j)
EUR
234‌
116‌
Mersin
Uluslararasi
Liman
Isletmeciligi
AS
8.25%,
11/15/2028
$
400‌
415‌
Mobius
Merger
Sub
Inc
9.00%,
06/01/2030
(i)
95‌
91‌
United
Rentals
North
America
Inc
6.13%,
03/15/2034
(i)
130‌
132‌
$
754‌
Consumer
Products
-
0.02%
Kronos
Acquisition
Holdings
Inc
8.25%,
06/30/2031
(i)
67‌
65‌
Credit
Card
Asset
Backed
Securities
-
0.02%
Mission
Lane
Credit
Card
Master
Trust
7.69%,
11/15/2028
(i)
100‌
101‌
Distribution
&
Wholesale
-
0.06%
Telecommunications
co
Telekom
Srbija
AD
Belgrade
7.00%,
10/28/2029
(i)
250‌
250‌
Diversified
Financial
Services
-
0.37%
Aircastle
Ltd
5.95%,
02/15/2029
(i)
55‌
57‌
6.50%,
07/18/2028
(i)
145‌
151‌
Aviation
Capital
Group
LLC
6.75%,
10/25/2028
(i)
210‌
222‌
Blue
Owl
Finance
LLC
6.25%,
04/18/2034
185‌
194‌
Jefferies
Financial
Group
Inc
6.20%,
04/14/2034
240‌
253‌
Macquarie
Airfinance
Holdings
Ltd
5.15%,
03/17/2030
(i)
35‌
34‌
Rocket
Mortgage
LLC
/
Rocket
Mortgage
Co-Issuer
Inc
3.63%,
03/01/2029
(i)
285‌
263‌
3.88%,
03/01/2031
(i)
5‌
4‌
4.00%,
10/15/2033
(i)
95‌
83‌
SOCAR
Turkey
Enerji
AS
via
Steas
Funding
1
DAC
7.23%,
03/17/2026
320‌
318‌
$
1,579‌
Electric
-
0.67%
Comision
Federal
de
Electricidad
5.00%,
09/29/2036
332‌
297‌
Electricidad
Firme
de
Mexico
Holdings
SA
de
CV
4.90%,
11/20/2026
500‌
484‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
Energo-Pro
AS
8.50%,
02/04/2027
$
300‌
$
304‌
8.50%,
02/04/2027
(i)
225‌
228‌
FIEMEX
Energia
-
Banco
Actinver
SA
Institucion
de
Banca
Multiple
7.25%,
01/31/2041
(i)
550‌
549‌
Lamar
Funding
Ltd
3.96%,
05/07/2025
800‌
793‌
NextEra
Energy
Capital
Holdings
Inc
6.05%,
03/01/2025
45‌
45‌
Pacific
Gas
and
Electric
Co
6.40%,
06/15/2033
110‌
118‌
$
2,818‌
Electronics
-
0.03%
TD
SYNNEX
Corp
6.10%,
04/12/2034
110‌
115‌
Energy
-
Alternate
Sources
-
0.14%
FS
Luxembourg
Sarl
8.88%,
02/12/2031
(i)
375‌
384‌
8.88%,
02/12/2031
200‌
205‌
$
589‌
Engineering
&
Construction
-
0.81%
Aeropuertos
Dominicanos
Siglo
XXI
SA
7.00%,
06/30/2034
(i)
625‌
638‌
HTA
Group
Ltd/Mauritius
7.50%,
06/04/2029
(i)
375‌
381‌
IHS
Holding
Ltd
5.63%,
11/29/2026
275‌
272‌
7.88%,
05/29/2030
(i)
475‌
467‌
IHS
Netherlands
Holdco
BV
8.00%,
09/18/2027
625‌
624‌
Kingston
Airport
Revenue
Finance
Ltd
6.75%,
12/15/2036
(i)
400‌
411‌
Sitios
Latinoamerica
SAB
de
CV
6.00%,
11/25/2029
(i)
600‌
604‌
$
3,397‌
Entertainment
-
0.24%
Allen
Media
LLC
/
Allen
Media
Co-Issuer
Inc
10.50%,
02/15/2028
(i)
471‌
207‌
Everi
Holdings
Inc
5.00%,
07/15/2029
(i)
330‌
328‌
Light
&
Wonder
International
Inc
7.00%,
05/15/2028
(i)
461‌
463‌
$
998‌
Food
-
0.01%
JBS
USA
Holding
Lux
Sarl/
JBS
USA
Food
Co/
JBS
Lux
Co
Sarl
3.00%,
02/02/2029
35‌
32‌
Forest
Products
&
Paper
-
0.10%
LD
Celulose
International
GmbH
7.95%,
01/26/2032
(i)
400‌
408‌
Hand
&
Machine
Tools
-
0.09%
Werner
FinCo
LP
/
Werner
FinCo
Inc
11.50%,
06/15/2028
(i)
342‌
378‌
Healthcare
-
Services
-
0.32%
Catalent
Pharma
Solutions
Inc
3.13%,
02/15/2029
(i)
319‌
314‌
3.50%,
04/01/2030
(i)
361‌
355‌
Centene
Corp
3.38%,
02/15/2030
110‌
99‌
4.63%,
12/15/2029
230‌
221‌
HCA
Inc
5.60%,
04/01/2034
285‌
288‌
Molina
Healthcare
Inc
4.38%,
06/15/2028
(i)
65‌
62‌
$
1,339‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
78
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Insurance
-
0.12%
Global
Atlantic
Fin
Co
3.13%,
06/15/2031
(i)
$
85‌
$
74‌
4.40%,
10/15/2029
(i)
50‌
48‌
Marsh
&
McLennan
Cos
Inc
4.55%,
11/08/2027
395‌
396‌
$
518‌
Internet
-
0.54%
Getty
Images
Inc
9.75%,
03/01/2027
(i)
1,284‌
1,280‌
Netflix
Inc
4.88%,
06/15/2030
(i)
230‌
232‌
5.38%,
11/15/2029
(i)
35‌
36‌
5.88%,
11/15/2028
55‌
58‌
Uber
Technologies
Inc
4.50%,
08/15/2029
(i)
350‌
341‌
4.80%,
09/15/2034
75‌
73‌
7.50%,
09/15/2027
(i)
246‌
251‌
$
2,271‌
Investment
Companies
-
0.11%
Antares
Holdings
LP
2.75%,
01/15/2027
(i)
505‌
472‌
Iron
&
Steel
-
0
.13%
ArcelorMittal
SA
6.80%,
11/29/2032
145‌
159‌
CSN
Inova
Ventures
6.75%,
01/28/2028
400‌
384‌
$
543‌
Leisure
Products
&
Services
-
0.27%
Carnival
Corp
5.75%,
03/01/2027
(i)
251‌
252‌
NCL
Corp
Ltd
5.88%,
03/15/2026
(i)
245‌
245‌
5.88%,
02/15/2027
(i)
85‌
85‌
NCL
Finance
Ltd
6.13%,
03/15/2028
(i)
40‌
40‌
Royal
Caribbean
Cruises
Ltd
4.25%,
07/01/2026
(i)
35‌
35‌
5.50%,
04/01/2028
(i)
240‌
240‌
5.63%,
09/30/2031
(i)
95‌
95‌
6.00%,
02/01/2033
(i)
60‌
61‌
6.25%,
03/15/2032
(i)
70‌
72‌
$
1,125‌
Media
-
0.68%
CCO
Holdings
LLC
/
CCO
Holdings
Capital
Corp
5.13%,
05/01/2027
(i)
525‌
518‌
5.38%,
06/01/2029
(i)
300‌
292‌
5.50%,
05/01/2026
(i)
30‌
30‌
Charter
Communications
Operating
LLC
/
Charter
Communications
Operating
Capital
4.40%,
12/01/2061
295‌
207‌
CSC
Holdings
LLC
3.38%,
02/15/2031
(i)
675‌
490‌
4.63%,
12/01/2030
(i)
235‌
131‌
DISH
DBS
Corp
5.25%,
12/01/2026
(i)
675‌
620‌
iHeartCommunications
Inc
4.75%,
01/15/2028
(i)
60‌
40‌
Paramount
Global
4.38%,
03/15/2043
270‌
208‌
5.85%,
09/01/2043
75‌
68‌
6.88%,
04/30/2036
240‌
250‌
$
2,854‌
Mining
-
0.49%
First
Quantum
Minerals
Ltd
9.38%,
03/01/2029
(i)
250‌
268‌
Glencore
Funding
LLC
6.50%,
10/06/2033
(i)
495‌
539‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Mining
(continued)
Navoi
Mining
&
Metallurgical
Combinat
6.95%,
10/17/2031
(i)
$
300‌
$
302‌
WE
Soda
Investments
Holding
PLC
9.38%,
02/14/2031
(i)
200‌
205‌
9.50%,
10/06/2028
(i)
525‌
542‌
9.50%,
10/06/2028
200‌
207‌
$
2,063‌
Miscellaneous
Manufacturers
-
0.04%
Textron
Financial
Corp
6.52%,
02/15/2067
(i)
170‌
153‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.00%
Mortgage
Backed
Securities
-
0.54%
Alternative
Loan
Trust
2003-22CB
5.75%,
12/25/2033
41‌
41‌
Alternative
Loan
Trust
2004-16CB
5.50%,
07/25/2034
23‌
23‌
5.50%,
08/25/2034
19‌
19‌
Alternative
Loan
Trust
2004-J10
6.00%,
09/25/2034
21‌
20‌
Banc
of
America
Alternative
Loan
Trust
2003-8
5.50%,
10/25/2033
24‌
24‌
Banc
of
America
Funding
2005-7
Trust
5.75%,
11/25/2035
18‌
18‌
Banc
of
America
Funding
2007-4
Trust
5.50%,
11/25/2034
20‌
17‌
Banc
of
America
Mortgage
2005-A
Trust
4.94%,
02/25/2035
(o)
7‌
7‌
BINOM
Securitization
Trust
2022-RPL1
3.00%,
02/25/2061
(i),(o)
140‌
112‌
CAFL
2023-RTL1
Issuer
LLC
7.55%,
12/28/2030
(i),(o)
100‌
102‌
CHL
Mortgage
Pass-Through
Trust
2004-HYB4
5.88%,
09/20/2034
(o)
11‌
11‌
Connecticut
Avenue
Securities
Trust
2022-R06
7.48%,
05/25/2042
(i)
56‌
58‌
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
19‌
19‌
DSLA
Mortgage
Loan
Trust
2005-AR5
5.38%,
09/19/2045
86‌
45‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.77%
Freddie
Mac
STACR
REMIC
Trust
2022-DNA4
6.93%,
05/25/2042
(i)
50‌
51‌
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
2.20%
GITSIT
Mortgage
Loan
Trust
2024-NPL1
7.47%,
06/25/2054
(i),(o)
106‌
107‌
GSR
Mortgage
Loan
Trust
2005-4F
6.50%,
02/25/2035
26‌
25‌
IndyMac
INDX
Mortgage
Loan
Trust
2004-AR7
6.07%,
09/25/2034
68‌
55‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.33%
IndyMac
INDX
Mortgage
Loan
Trust
2005-AR11
3.92%,
08/25/2035
(o)
281‌
205‌
Lehman
XS
Trust
Series
2006-2N
5.22%,
02/25/2046
49‌
44‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.63%
MASTR
Alternative
Loan
Trust
2003-9
5.25%,
11/25/2033
14‌
14‌
MASTR
Alternative
Loan
Trust
2004-5
5.50%,
06/25/2034
10‌
9‌
6.00%,
06/25/2034
13‌
13‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
79
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Mortgage
Backed
Securities
(continued)
MASTR
Alternative
Loan
Trust
2004-8
6.00%,
09/25/2034
$
73‌
$
72‌
Merrill
Lynch
Mortgage
Investors
Trust
Series
MLCC
2006-2
6.74%,
05/25/2036
(o)
2‌
2‌
MFA
2024-NPL1
Trust
6.33%,
10/25/2062
(o)
98‌
99‌
New
Residential
Mortgage
Loan
Trust
2024-RTL1
6.66%,
03/25/2039
(i),(o)
105‌
106‌
NLT
2023-1
Trust
3.20%,
10/25/2062
(i),(o)
107‌
96‌
PRPM
2021-9
LLC
5.36%,
10/25/2026
(i),(o)
81‌
81‌
PRPM
2024-2
LLC
7.03%,
03/25/2029
(i),(o)
89‌
90‌
Roc
Mortgage
Trust
2024-RTL1
5.59%,
10/25/2039
(i),(o)
130‌
129‌
Structured
Adjustable
Rate
Mortgage
Loan
Trust
5.16%,
07/25/2035
326‌
195‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.42%
Toorak
Mortgage
Trust
2024-RRTL1
6.60%,
02/25/2039
(i),(o)
260‌
262‌
VOLT
XCIII
LLC
4.89%,
02/27/2051
(i),(o)
63‌
63‌
VOLT
XCIV
LLC
5.24%,
02/27/2051
(i),(o)
23‌
23‌
VOLT
XCVI
LLC
5.12%,
03/27/2051
(i),(o)
39‌
39‌
$
2,296‌
Oil
&
Gas
-
1.91%
Bellatrix
Exploration
PIK
-
Escrow
0.00%,
12/15/2023
(e),(f)
257‌
—‌
California
Resources
Corp
7.13%,
02/01/2026
(i)
257‌
258‌
Calumet
Specialty
Products
Partners
LP
/
Calumet
Finance
Corp
11.00%,
04/15/2026
(i)
1,404‌
1,415‌
Continental
Resources
Inc/OK
2.88%,
04/01/2032
(i)
135‌
113‌
5.75%,
01/15/2031
(i)
410‌
413‌
Ecopetrol
SA
8.38%,
01/19/2036
95‌
94‌
Energean
Israel
Finance
Ltd
5.38%,
03/30/2028
(i)
505‌
469‌
8.50%,
09/30/2033
(i)
690‌
685‌
EQT
Corp
3.63%,
05/15/2031
(i)
105‌
96‌
Helmerich
&
Payne
Inc
5.50%,
12/01/2034
(i)
295‌
286‌
Leviathan
Bond
Ltd
6.50%,
06/30/2027
(i)
670‌
653‌
OGX
Austria
GmbH
0.00%,
06/01/2018
(e),(i)
600‌
—‌
0.00%,
04/01/2022
(e),(f)
1,100‌
—‌
Permian
Resources
Operating
LLC
6.25%,
02/01/2033
(i)
125‌
126‌
8.00%,
04/15/2027
(i)
84‌
86‌
Petroleos
de
Venezuela
SA
0.00%,
05/16/2024
(e)
2,420‌
218‌
0.00%,
11/15/2026
(e)
200‌
18‌
Petroleos
Mexicanos
5.35%,
02/12/2028
175‌
162‌
5.95%,
01/28/2031
375‌
323‌
6.35%,
02/12/2048
400‌
276‌
6.50%,
03/13/2027
425‌
415‌
6.50%,
01/23/2029
125‌
118‌
6.75%,
09/21/2047
175‌
126‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Oil
&
Gas
(continued)
Petroleos
Mexicanos
(continued)
6.84%,
01/23/2030
$
200‌
$
186‌
Puma
International
Financing
SA
7.75%,
04/25/2029
(i)
725‌
741‌
Tengizchevroil
Finance
Co
International
Ltd
4.00%,
08/15/2026
400‌
388‌
Trident
Energy
Finance
PLC
12.50%,
11/30/2029
(i)
300‌
316‌
Viper
Energy
Inc
7.38%,
11/01/2031
(i)
50‌
52‌
$
8,033‌
Oil
&
Gas
Services
-
0.26%
Petroleum
Geo-Services
AS
13.50%,
03/31/2027
800‌
876‌
Yinson
Boronia
Production
BV
8.95%,
07/31/2042
200‌
213‌
$
1,089‌
Other
Asset
Backed
Securities
-
2.55%
37
Capital
Clo
4
Ltd
7.81%,
01/15/2034
(i)
250‌
251‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.15%
AASET
2024-2
Ltd
5.93%,
09/16/2049
(i)
247‌
247‌
Accelerated
Assets
2018-1
LLC
4.51%,
12/02/2033
(i)
35‌
34‌
Affirm
Asset
Securitization
Trust
2023-B
6.82%,
09/15/2028
(i)
100‌
101‌
AIM
Aviation
Finance
Ltd
5.07%,
02/15/2040
(i),(o)
675‌
392‌
American
Homes
4
Rent
2015-SFR1
Trust
5.64%,
04/17/2052
(i)
1,045‌
1,043‌
Applebee's
Funding
LLC
/
IHOP
Funding
LLC
7.82%,
03/05/2053
(i)
150‌
155‌
Bain
Capital
Credit
CLO
2020-1
Ltd
6.98%,
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
104‌
Blackbird
Capital
Aircraft
Lease
Securitization
Ltd
2016-1
6.50%,
12/16/2041
(i),(o)
91‌
91‌
Carval
Clo
X-C
Ltd
7.09%,
07/20/2037
(i)
260‌
260‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.80%
Domino's
Pizza
Master
Issuer
LLC
4.12%,
07/25/2047
(i)
498‌
486‌
Elevation
CLO
2017-6
Ltd
7.62%,
07/15/2029
(i)
175‌
175‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.96%
EWC
Master
Issuer
LLC
5.50%,
03/15/2052
(i)
98‌
95‌
Frontier
Issuer
LLC
6.60%,
08/20/2053
(i)
315‌
321‌
Golub
Capital
Partners
CLO
74
B
Ltd
7.16%,
07/25/2037
(i)
250‌
250‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.85%
Golub
Capital
Partners
CLO
75B
Ltd
7.23%,
07/25/2037
(i)
260‌
260‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.95%
GoodLeap
Home
Improvement
Solutions
Trust
2024-1
6.38%,
10/20/2046
(i)
100‌
101‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
80
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Other
Asset
Backed
Securities
(continued)
Hilton
Grand
Vacations
Trust
2018-A
4.00%,
02/25/2032
(i)
$
12‌
$
12‌
Kapitus
Asset
Securitization
IV
LLC
5.49%,
09/10/2031
(i)
100‌
99‌
Kestrel
Aircraft
Funding
Ltd
4.25%,
12/15/2038
(i)
174‌
171‌
KKR
CLO
22
Ltd
6.48%,
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)
171‌
165‌
Madison
Park
Funding
LIII
Ltd
6.37%,
04/21/2035
(i)
250‌
250‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.75%
Madison
Park
Funding
LIX
Ltd
6.88%,
04/18/2037
(i)
260‌
263‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.25%
Marlette
Funding
Trust
2023-4
8.15%,
12/15/2033
(i)
100‌
104‌
OCP
Clo
2019-17
Ltd
6.62%,
07/20/2037
(i)
250‌
252‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.00%
Octagon
Investment
Partners
XXII
Ltd
6.79%,
01/22/2030
(i)
250‌
250‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.16%
OHA
Credit
Partners
XI
Ltd
6.82%,
04/20/2037
(i)
250‌
252‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.20%
OHA
Loan
Funding
2013-1
Ltd
6.98%,
04/23/2037
(i)
250‌
252‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.35%
Palmer
Square
BDC
CLO
1
Ltd
6.81%,
07/15/2037
(i)
250‌
252‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.15%
Palmer
Square
CLO
2024-2
LTD
6.94%,
07/20/2037
(i)
250‌
250‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.65%
Parallel
2017-1
Ltd
6.88%,
07/20/2029
(i)
305‌
306‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.26%
Planet
Fitness
Master
Issuer
LLC
3.86%,
12/05/2049
(i)
262‌
243‌
5.77%,
06/05/2054
(i)
185‌
186‌
Post
CLO
2023-1
Ltd
6.57%,
04/20/2036
(i)
250‌
251‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.95%
Rockford
Tower
2024-2
Ltd
6.41%,
10/20/2037
(i)
250‌
250‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.85%
Rockford
Tower
CLO
2018-1
Ltd
5.88%,
05/20/2031
(i)
128‌
129‌
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)
Rockford
Tower
CLO
2021-3
Ltd
6.63%,
10/20/2034
(i)
$
250‌
$
250‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.01%
SEB
Funding
LLC
7.39%,
04/30/2054
(i)
70‌
72‌
Sierra
Timeshare
2020-2
Receivables
Funding
LLC
3.51%,
07/20/2037
(i)
13‌
13‌
Sixth
Street
CLO
XV
Ltd
6.83%,
10/24/2037
(i)
250‌
251‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.00%
Sixth
Street
CLO
XXV
Ltd
7.12%,
07/24/2037
(i)
250‌
250‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.80%
Subway
Funding
LLC
6.03%,
07/30/2054
(i)
215‌
218‌
Sunnova
Helios
X
Issuer
LLC
6.00%,
11/22/2049
(i)
107‌
86‌
Sunnova
Helios
XIII
Issuer
LLC
5.30%,
02/20/2051
(i)
93‌
88‌
Trinitas
CLO
XII
Ltd
6.63%,
04/25/2033
(i)
255‌
255‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.00%
WAVE
2017-1
Trust
3.84%,
11/15/2042
(i)
101‌
93‌
Wellfleet
CLO
2024-1
Ltd
7.37%,
07/18/2037
(i)
250‌
252‌
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.05%
Wingstop
Funding
LLC
5.86%,
12/05/2054
(i),(n)
100‌
100‌
Ziply
Fiber
Issuer
LLC
6.64%,
04/20/2054
(i)
95‌
98‌
$
10,724‌
Packaging
&
Containers
-
0.21%
Mauser
Packaging
Solutions
Holding
Co
9.25%,
04/15/2027
(i)
858‌
878‌
Pharmaceuticals
-
0.34%
Bausch
Health
Cos
Inc
4.88%,
06/01/2028
(i)
300‌
248‌
Teva
Pharmaceutical
Finance
Netherlands
II
BV
4.38%,
05/09/2030
EUR
120‌
129‌
7.38%,
09/15/2029
110‌
133‌
7.88%,
09/15/2031
100‌
127‌
Teva
Pharmaceutical
Finance
Netherlands
III
BV
4.10%,
10/01/2046
$
795‌
580‌
7.88%,
09/15/2029
200‌
217‌
$
1,434‌
Pipelines
-
0.74%
Acu
Petroleo
Luxembourg
Sarl
7.50%,
07/13/2035
496‌
492‌
Cheniere
Energy
Partners
LP
5.95%,
06/30/2033
65‌
67‌
Galaxy
Pipeline
Assets
Bidco
Ltd
2.16%,
03/31/2034
(i)
290‌
253‌
2.16%,
03/31/2034
213‌
185‌
Greensaif
Pipelines
Bidco
Sarl
5.85%,
02/23/2036
(i)
275‌
276‌
6.13%,
02/23/2038
(i)
325‌
333‌
6.13%,
02/23/2038
450‌
461‌
Southern
Gas
Corridor
CJSC
6.88%,
03/24/2026
325‌
330‌
Targa
Resources
Corp
6.13%,
03/15/2033
65‌
69‌
6.50%,
03/30/2034
275‌
299‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
81
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pipelines
(continued)
Venture
Global
Calcasieu
Pass
LLC
3.88%,
11/01/2033
(i)
$
105‌
$
91‌
4.13%,
08/15/2031
(i)
90‌
82‌
Western
Midstream
Operating
LP
6.15%,
04/01/2033
135‌
140‌
Whistler
Pipeline
LLC
5.95%,
09/30/2034
(i)
45‌
46‌
$
3,124‌
Real
Estate
-
0.09%
Agile
Group
Holdings
Ltd
0.00%,
10/13/2025
(e)
210‌
19‌
CFLD
Cayman
Investment
Ltd
0.00%,
01/31/2031
(e),(i)
109‌
4‌
0.00%,
01/31/2031
(e),(i)
90‌
4‌
0.00%,
01/31/2031
(e),(i)
12‌
—‌
China
Evergrande
Group
0.00%,
06/28/2025
(e)
200‌
4‌
Kaisa
Group
Holdings
Ltd
0.00%,
06/30/2024
(e)
400‌
21‌
0.00%,
04/16/2025
(e)
200‌
11‌
0.00%,
11/11/2025
(e)
200‌
10‌
0.00%,
06/01/2026
(e)
200‌
10‌
KWG
Group
Holdings
Ltd
0.00%,
02/13/2026
(e)
210‌
17‌
MAF
Global
Securities
Ltd
7.88%,
06/30/2027
(k),(l)
200‌
207‌
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),(j),(o)
19‌
3‌
0.00%,
PIK
6.25%;
09/30/2026
(i),(j),(o)
19‌
3‌
0.00%,
PIK
6.50%;
09/30/2027
(i),(j),(o)
37‌
5‌
0.00%,
PIK
6.75%;
09/30/2028
(i),(j),(o)
56‌
7‌
0.00%,
PIK
7.00%;
09/30/2029
(i),(j),(o)
56‌
7‌
0.00%,
PIK
7.25%;
09/30/2030
(i),(j),(o)
27‌
3‌
Times
China
Holdings
Ltd
0.00%,
03/22/2026
(e)
210‌
8‌
Yuzhou
Group
Holdings
Co
Ltd
0.00%,
08/12/2026
(e)
200‌
14‌
0.00%,
01/13/2027
(e)
400‌
29‌
Zhenro
Properties
Group
Ltd
0.00%,
01/07/2026
(e)
200‌
1‌
$
387‌
Regional
Authority
-
0.11%
Provincia
de
Buenos
Aires/Government
Bonds
6.63%,
09/01/2037
(o)
723‌
468‌
REITs
-
0.01%
National
Health
Investors
Inc
3.00%,
02/01/2031
35‌
30‌
Retail
-
0.04%
1011778
BC
ULC
/
New
Red
Finance
Inc
4.00%,
10/15/2030
(i)
175‌
159‌
Semiconductors
-
0.12%
Broadcom
Inc
3.14%,
11/15/2035
(i)
310‌
258‌
3.47%,
04/15/2034
(i)
75‌
66‌
Micron
Technology
Inc
5.88%,
09/15/2033
185‌
194‌
$
518‌
Software
-
0.21%
AppLovin
Corp
5.13%,
12/01/2029
(n)
85‌
86‌
5.50%,
12/01/2034
(n)
165‌
167‌
Dun
&
Bradstreet
Corp/The
5.00%,
12/15/2029
(i)
636‌
617‌
$
870‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Sovereign
-
13.24%
Argentine
Republic
Government
International
Bond
4.12%,
07/09/2035
(o)
$
1,100‌
$
695‌
Australia
Government
Bond
3.50%,
12/21/2034
AUD
345‌
210‌
Benin
Government
International
Bond
7.96%,
02/13/2038
$
600‌
582‌
Brazil
Notas
do
Tesouro
Nacional
Serie
F
9.76%,
01/01/2027
BRL
16,650‌
2,582‌
Brazilian
Government
International
Bond
6.13%,
01/22/2032
$
550‌
550‌
Canadian
Government
Bond
4.00%,
08/01/2026
CAD
330‌
239‌
Canadian
Treasury
Bill
0.00%,
12/05/2024
(e)
10,500‌
7,496‌
0.00%,
12/18/2024
(e)
9,000‌
6,417‌
0.00%,
01/15/2025
(e)
6,250‌
4,445‌
0.00%,
01/30/2025
(e)
4,800‌
3,409‌
0.00%,
02/12/2025
(e)
4,800‌
3,405‌
Chile
Government
International
Bond
2.75%,
01/31/2027
$
775‌
742‌
3.88%,
07/09/2031
EUR
115‌
124‌
Colombia
Government
International
Bond
7.50%,
02/02/2034
$
300‌
301‌
7.75%,
11/07/2036
200‌
201‌
8.38%,
11/07/2054
200‌
202‌
Dominican
Republic
International
Bond
4.50%,
01/30/2030
700‌
651‌
10.75%,
06/01/2036
(i)
DOP
24,000‌
414‌
Ecuador
Government
International
Bond
5.00%,
07/31/2040
(o)
$
375‌
187‌
5.50%,
07/31/2035
(o)
1,125‌
618‌
6.90%,
07/31/2030
(o)
375‌
253‌
Egypt
Government
Bond
24.46%,
10/01/2027
EGP
17,300‌
341‌
25.32%,
08/13/2027
16,000‌
320‌
Egypt
Government
International
Bond
5.80%,
09/30/2027
$
350‌
331‌
7.90%,
02/21/2048
250‌
190‌
8.15%,
11/20/2059
225‌
173‌
8.50%,
01/31/2047
250‌
201‌
Egypt
Treasury
Bills
0.00%,
09/16/2025
(e)
EGP
15,300‌
253‌
Ghana
Government
International
Bond
0.00%,
01/03/2030
(e),(i)
$
390‌
306‌
0.00%,
01/03/2030
(e)
51‌
40‌
5.00%,
07/03/2029
(i),(o)
575‌
504‌
Guatemala
Government
Bond
6.55%,
02/06/2037
(i)
275‌
276‌
6.60%,
06/13/2036
425‌
428‌
7.05%,
10/04/2032
275‌
289‌
Hazine
Mustesarligi
Varlik
Kiralama
AS
6.50%,
04/26/2030
(i)
200‌
200‌
Indonesia
Treasury
Bond
6.75%,
07/15/2035
IDR
2,402,000‌
148‌
6.88%,
04/15/2029
2,282,000‌
144‌
Iraq
International
Bond
5.80%,
01/15/2028
$
372‌
360‌
Israel
Government
International
Bond
5.50%,
03/12/2034
1,325‌
1,324‌
Ivory
Coast
Government
International
Bond
4.88%,
01/30/2032
EUR
225‌
210‌
4.88%,
01/30/2032
(i)
475‌
443‌
5.88%,
10/17/2031
175‌
174‌
6.88%,
10/17/2040
400‌
369‌
Lebanon
Government
International
Bond
0.00%,
06/19/2020
(e)
$
325‌
30‌
0.00%,
05/27/2022
(e)
100‌
9‌
0.00%,
10/04/2022
(e)
225‌
21‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
82
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Sovereign
(continued)
Lebanon
Government
International
Bond
(continued)
0.00%,
05/26/2023
(e)
$
100‌
$
9‌
Malaysia
Government
Bond
2.63%,
04/15/2031
MYR
350‌
74‌
4.50%,
04/15/2030
850‌
199‌
Nigeria
Government
International
Bond
6.13%,
09/28/2028
$
750‌
681‌
Pakistan
Government
International
Bond
6.88%,
12/05/2027
900‌
809‌
Peru
Government
Bond
5.40%,
08/12/2034
PEN
2,975‌
728‌
6.15%,
08/12/2032
1,525‌
405‌
Peruvian
Government
International
Bond
2.39%,
01/23/2026
$
375‌
363‌
6.90%,
08/12/2037
PEN
1,375‌
366‌
Philippine
Government
International
Bond
2.65%,
12/10/2045
$
200‌
133‌
Republic
of
Poland
Government
Bond
2.00%,
08/25/2036
PLN
3,705‌
816‌
5.00%,
10/25/2034
2,050‌
485‌
Republic
of
Poland
Government
International
Bond
5.50%,
03/18/2054
$
145‌
141‌
Republic
of
South
Africa
Government
Bond
8.75%,
01/31/2044
ZAR
35,650‌
1,635‌
8.88%,
02/28/2035
25,165‌
1,285‌
9.00%,
01/31/2040
1,295‌
62‌
Republic
of
South
Africa
Government
International
Bond
7.10%,
11/19/2036
(i)
$
575‌
580‌
Republic
of
Uzbekistan
International
Bond
3.70%,
11/25/2030
200‌
169‌
6.90%,
02/28/2032
(i)
500‌
497‌
Romanian
Government
International
Bond
5.13%,
09/24/2031
(i)
EUR
400‌
417‌
5.75%,
03/24/2035
(i)
$
82‌
76‌
Senegal
Government
International
Bond
5.38%,
06/08/2037
EUR
100‌
78‌
6.75%,
03/13/2048
$
200‌
145‌
Tunisian
Republic
6.38%,
07/15/2026
EUR
950‌
938‌
Turkiye
Government
Bond
37.00%,
02/18/2026
TRY
34,675‌
979‌
Turkiye
Government
International
Bond
6.50%,
01/03/2035
$
230‌
221‌
Ukraine
Government
International
Bond
0.00%,
02/01/2035
(e),(i),(o)
175‌
102‌
0.00%,
02/01/2035
(e),(o)
372‌
217‌
0.00%,
02/01/2036
(e),(i),(o)
146‌
85‌
0.00%,
02/01/2036
(e),(o)
302‌
175‌
1.75%,
02/01/2029
(i),(o)
100‌
64‌
1.75%,
02/01/2029
(o)
125‌
80‌
1.75%,
02/01/2034
(i),(o)
569‌
296‌
1.75%,
02/01/2034
(o)
541‌
282‌
1.75%,
02/01/2035
(i),(o)
552‌
283‌
1.75%,
02/01/2035
(o)
240‌
123‌
1.75%,
02/01/2036
(o)
100‌
51‌
United
Kingdom
Gilt
0.25%,
01/31/2025
GBP
165‌
209‌
Zambia
Government
International
Bond
0.50%,
12/31/2053
(i)
$
525‌
298‌
0.50%,
12/31/2053
709‌
402‌
$
55,765‌
Student
Loan
Asset
Backed
Securities
-
0.29%
College
Ave
Student
Loans
2021-A
LLC
4.12%,
07/25/2051
(i)
53‌
49‌
Navient
Private
Education
Refi
Loan
Trust
2018-A
3.68%,
02/18/2042
(i)
91‌
89‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Student
Loan
Asset
Backed
Securities
(continued)
Navient
Private
Education
Refi
Loan
Trust
2018-C
4.22%,
06/16/2042
(i)
$
321‌
$
311‌
Navient
Private
Education
Refi
Loan
Trust
2020-F
2.69%,
07/15/2069
(i)
100‌
82‌
Nelnet
Student
Loan
Trust
2021-D
2.90%,
04/20/2062
(i)
100‌
86‌
SLM
Private
Credit
Student
Loan
Trust
2003-A
7.92%,
06/15/2032
50‌
50‌
1.00
x
US
28
Day
Auction
Rate
+
0.00%
SLM
Private
Credit
Student
Loan
Trust
2003-B
7.89%,
03/15/2033
200‌
199‌
1.00
x
US
28
Day
Auction
Rate
+
0.00%
SMB
Private
Education
Loan
Trust
2015-C
3.50%,
09/15/2043
(i)
41‌
40‌
SMB
Private
Education
Loan
Trust
2018-C
4.00%,
11/17/2042
(i)
100‌
95‌
SMB
Private
Education
Loan
Trust
2024-A
5.88%,
03/15/2056
(i)
100‌
102‌
SoFi
Professional
Loan
Program
2020-ATrust
3.12%,
05/15/2046
(i)
160‌
136‌
$
1,239‌
Supranational
Bank
-
0.45%
Asian
Development
Bank
6.72%,
02/08/2028
INR
25,500‌
301‌
European
Bank
for
Reconstruction
&
Development
6.30%,
10/26/2027
48,000‌
559‌
Inter-American
Development
Bank
7.00%,
01/25/2029
20,000‌
237‌
International
Bank
for
Reconstruction
&
Development
6.75%,
09/08/2027
17,000‌
200‌
6.85%,
04/24/2028
24,000‌
284‌
7.05%,
07/22/2029
27,500‌
327‌
$
1,908‌
Telecommunications
-
0.67%
CommScope
LLC
7.13%,
07/01/2028
(i)
$
170‌
143‌
CommScope
Technologies
LLC
5.00%,
03/15/2027
(i)
120‌
103‌
EchoStar
Corp
6.75%,
PIK
6.75%;
11/30/2030
(j),(o)
285‌
257‌
10.75%,
11/30/2029
1,019‌
1,102‌
Frontier
Communications
Holdings
LLC
5.88%,
11/01/2029
238‌
238‌
6.00%,
01/15/2030
(i)
374‌
376‌
Turk
Telekomunikasyon
AS
7.38%,
05/20/2029
200‌
204‌
VEON
Holdings
BV
3.38%,
11/25/2027
450‌
393‌
$
2,816‌
Transportation
-
0.17%
Transnet
SOC
Ltd
8.25%,
02/06/2028
700‌
716‌
Water
-
0.16%
Aegea
Finance
Sarl
9.00%,
01/20/2031
(i)
400‌
424‌
Georgia
Global
Utilities
JSC
8.88%,
07/25/2029
(i)
250‌
253‌
$
677‌
TOTAL
BONDS
$
140,325‌
CONVERTIBLE
BONDS
-
0.85%
Principal
Amount
(000's)
Value
(000's)
Airlines
-
0.02%
Southwest
Airlines
Co
1.25%,
05/01/2025
$
75‌
$
76‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
83
CONVERTIBLE
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Biotechnology
-
0.01%
BioMarin
Pharmaceutical
Inc
1.25%,
05/15/2027
$
60‌
$
56‌
Commercial
Services
-
0.00%
Shift4
Payments
Inc
0.50%,
08/01/2027
5‌
6‌
Computers
-
0.01%
Parsons
Corp
2.63%,
03/01/2029
(i)
10‌
12‌
Seagate
HDD
Cayman
3.50%,
06/01/2028
17‌
23‌
Super
Micro
Computer
Inc
0.00%,
03/01/2029
(e),(i)
10‌
8‌
Zscaler
Inc
0.13%,
07/01/2025
10‌
14‌
$
57‌
Electric
-
0.27%
Encavis
Finance
BV
1.88%,
11/24/2027
(k),(l)
EUR
1,000‌
1,021‌
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
10.00%
Evergy
Inc
4.50%,
12/15/2027
(i)
$
20‌
22‌
FirstEnergy
Corp
4.00%,
05/01/2026
27‌
28‌
NRG
Energy
Inc
2.75%,
06/01/2048
5‌
12‌
PG&E
Corp
4.25%,
12/01/2027
(i)
20‌
23‌
Pinnacle
West
Capital
Corp
4.75%,
06/15/2027
(i)
17‌
19‌
$
1,125‌
Electronics
-
0.00%
Itron
Inc
1.38%,
07/15/2030
(i)
8‌
9‌
Food
-
0.00%
Post
Holdings
Inc
2.50%,
08/15/2027
5‌
6‌
Healthcare
-
Products
-
0.00%
Merit
Medical
Systems
Inc
3.00%,
02/01/2029
(i)
9‌
12‌
Internet
-
0
.12%
Booking
Holdings
Inc
0.75%,
05/01/2025
8‌
22‌
Palo
Alto
Networks
Inc
0.38%,
06/01/2025
4‌
16‌
Spotify
USA
Inc
0.00%,
03/15/2026
(e)
80‌
87‌
TechTarget
Inc
0.00%,
12/15/2026
(e)
354‌
347‌
Uber
Technologies
Inc
0.88%,
12/01/2028
(i)
23‌
28‌
$
500‌
Leisure
Products
&
Services
-
0.02%
Carnival
Corp
5.75%,
12/01/2027
23‌
47‌
NCL
Corp
Ltd
1.13%,
02/15/2027
8‌
8‌
Royal
Caribbean
Cruises
Ltd
6.00%,
08/15/2025
2‌
10‌
$
65‌
Media
-
0.00%
Liberty
Media
Corp-Liberty
Formula
One
2.25%,
08/15/2027
11‌
13‌
Oil
&
Gas
-
0.01%
Northern
Oil
&
Gas
Inc
3.63%,
04/15/2029
4‌
5‌
CONVERTIBLE
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Oil
&
Gas
(continued)
Permian
Resources
Operating
LLC
3.25%,
04/01/2028
$
4‌
$
11‌
$
16‌
Real
Estate
-
0.00%
Sunac
China
Holdings
Ltd
1.00%,
PIK
2.00%;
09/30/2032
(i),(j),(o)
22‌
2‌
Retail
-
0.00%
Freshpet
Inc
3.00%,
04/01/2028
2‌
4‌
Semiconductors
-
0.01%
ON
Semiconductor
Corp
0.50%,
03/01/2029
25‌
25‌
Software
-
0.11%
Akamai
Technologies
Inc
1.13%,
02/15/2029
22‌
21‌
Bentley
Systems
Inc
0.38%,
07/01/2027
18‌
16‌
BlackLine
Inc
1.00%,
06/01/2029
(i)
5‌
6‌
Datadog
Inc
0.13%,
06/15/2025
18‌
30‌
Dropbox
Inc
0.00%,
03/01/2028
(e)
18‌
18‌
Dye
&
Durham
Ltd
3.75%,
03/01/2026
(i)
CAD
453‌
312‌
Guidewire
Software
Inc
1.25%,
11/01/2029
(i)
$
8‌
8‌
Nutanix
Inc
0.25%,
10/01/2027
17‌
22‌
Snowflake
Inc
0.00%,
10/01/2029
(e),(i)
8‌
10‌
Tyler
Technologies
Inc
0.25%,
03/15/2026
7‌
9‌
Vertex
Inc
0.75%,
05/01/2029
(i)
6‌
10‌
Workiva
Inc
1.25%,
08/15/2028
17‌
17‌
$
479‌
Telecommunications
-
0.27%
EchoStar
Corp
3.88%,
PIK
3.88%;
11/30/2030
(j),(o)
296‌
329‌
Infinera
Corp
3.75%,
08/01/2028
680‌
799‌
InterDigital
Inc
3.50%,
06/01/2027
3‌
8‌
$
1,136‌
TOTAL
CONVERTIBLE
BONDS
$
3,587‌
SENIOR
FLOATING
RATE
INTERESTS
-
0.25%
Principal
Amount
(000's)
Value
(000's)
Building
Materials
-
0.04%
Summit
Materials
LLC
Term
Loan
B2
6.36%,
01/12/2029
(p)
$
170‌
$
170‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.75%
Commercial
Services
-
0.06%
Boost
Newco
Borrower
LLC
Term
Loan
B1
7.10%,
01/31/2031
(p)
260‌
262‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.50%
Entertainment
-
0.01%
Deluxe
Entertainment
Services
Group
Inc
0.00%,
PIK
1.50%,
03/25/2024
(e),(f),(j),(p)
68‌
2‌
Deluxe
Entertainment
Services
Group
Inc
-
Escrow
0.00%,
PIK
2.50%,
09/25/2024
(e),(f),(j),(p)
892‌
—‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
84
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Entertainment
(continued)
Light
&
Wonder
International
Inc
Term
Loan
B2
6.86%,
04/14/2029
(p)
$
16‌
$
16‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
$
18‌
Healthcare
-
Products
-
0.02%
Bausch
+
Lomb
Corp
Term
Loan
8.68%,
09/14/2028
(p)
100‌
101‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
Healthcare
-
Services
-
0.02%
Star
Parent
Inc
Term
Loan
B
8.35%,
09/27/2030
(p)
81‌
80‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
Insurance
-
0.03%
AmWINS
Group
Inc
Term
Loan
B
6.95%,
02/21/2028
(p)
16‌
16‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
HUB
International
Ltd
Term
Loan
B
7.37%,
06/20/2030
(p)
50‌
50‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.75%
Ryan
Specialty
LLC
Term
Loan
B
6.94%,
09/10/2031
(p)
28‌
28‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
TIH
Insurance
Holdings
LLC
Term
Loan
B
7.85%,
05/06/2031
(p)
46‌
46‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.25%
$
140‌
Internet
-
0.01%
MH
Sub
I
LLC
Term
Loan
B3
8.94%,
04/24/2028
(p)
56‌
56‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
Leisure
Products
&
Services
-
0.04%
Carnival
Corp
Term
Loan
B
7.43%,
08/08/2027
(p)
60‌
61‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
7.44%,
10/18/2028
(p)
97‌
97‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
$
158‌
Lodging
-
0.02%
Hilton
Grand
Vacations
Borrower
LLC
Term
Loan
B
6.94%,
01/17/2031
(p)
82‌
82‌
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
TOTAL
SENIOR
FLOATING
RATE
INTERESTS
$
1,067‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
-
2.32%
Principal
Amount
(000's)
Value
(000's)
U.S.
Treasury
-
0.64%
4.50%,
03/31/2026
(q)
$
2,685‌
$
2,692‌
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
U.S.
Treasury
Bill
-
1.68%
4.43%,
02/04/2025
(r)
$
1,365‌
$
1,354‌
4.43%,
02/27/2025
(r)
2,890‌
2,860‌
4.44%,
02/13/2025
(r)
2,885‌
2,859‌
$
7,073‌
TOTAL
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
$
9,765‌
TOTAL
PURCHASED
OPTIONS
-
0.03%
$
113‌
Total
Investments
$
398,591‌
Other
Assets
and
Liabilities
-  5.34%
22,477‌
TOTAL
NET
ASSETS
-
100.00%
$
421,068‌
(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
$4,471
or
1.06%
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)
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.
(g)
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
$58,632
or
13.92%
of
net
assets.
(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
$58,986
or
14.01%
of
net
assets.
(j)
Payment
in
kind;
the
issuer
has
the
option
of
paying
additional
securities
in
lieu
of
cash.
(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)
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.
(m)
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
$784
or
0.19%
of
net
assets.
(n)
Security
purchased
on
a
when-issued
basis.
(o)
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.
(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
$2,371
or
0.56%
of
net
assets.
(r)
Rate
shown
is
the
discount
rate
of
the
original
purchase.
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
85
Affiliated
Securities
August
31,
2024
Purchases
Sales
November
30,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
4.53%
$
68,413‌
$
117,255‌
$
105,248‌
$
80,420‌
$
68,413‌
$
117,255‌
$
105,248‌
$
80,420‌
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
4.53%
$
906‌
$
—‌
$
—‌
$
—‌
$
906‌
$
—‌
$
—‌
$
—‌
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)
Call
-
Amcor
PLC
N/A
63‌
$
6‌
$
12.00‌
04/21/2025
$
1‌
$
2‌
$
1‌
Put
-
Ball
Corp
N/A
163‌
16‌
$
57.50‌
12/23/2024
7‌
2‌
(5‌)
Put
-
Baxter
International
Inc
N/A
361‌
36‌
$
30.00‌
12/23/2024
17‌
2‌
(15‌)
Put
-
Berry
Plastics
Group
Inc
N/A
200‌
20‌
$
57.50‌
12/23/2024
20‌
—‌
(20‌)
Put
-
Comcast
Corp
-
Class
A
N/A
74‌
7‌
$
39.00‌
12/23/2024
1‌
—‌
(1‌)
Put
-
DuPont
De
Nemours
Inc
N/A
151‌
15‌
$
75.00‌
12/23/2024
4‌
1‌
(3‌)
Put
-
International
Game
Techno
N/A
298‌
30‌
$
19.00‌
12/23/2024
14‌
10‌
(4‌)
Put
-
S&P
500
Index
N/A
6‌
1‌
$
5,300.00‌
01/21/2025
43‌
6‌
(37‌)
Put
-
S&P
500
Index
N/A
6‌
1‌
$
5,700.00‌
03/24/2025
49‌
38‌
(11‌)
Put
-
S&P
500
Index
N/A
6‌
1‌
$
5,400.00‌
02/24/2025
51‌
15‌
(
36‌)
Put
-
S&P
500
Index
N/A
3‌
—‌
$
5,750.00‌
02/24/2025
23‌
16‌
(7‌)
Put
-
S&P
500
Index
N/A
4‌
—‌
$
5,675.00‌
12/23/2024
34‌
3‌
(31‌)
Put
-
SPDR
S&P
500
ETF
Trust
N/A
10‌
1‌
$
585.00‌
12/23/2024
9‌
2‌
(7‌)
Put
-
SPDR
S&P
500
ETF
Trust
N/A
46‌
5‌
$
595.00‌
12/23/2024
33‌
16‌
(17‌)
Total
$
306‌
$
113‌
$
(193‌)
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
$
—‌
$
210.00‌
12/23/2024
$
—‌
$
—‌
$
—‌
Call
-
Ball
Corp
N/A
163‌
16‌
$
62.50‌
12/23/2024
(18‌)
(16‌)
2‌
Call
-
Baxter
International
Inc
N/A
181‌
18‌
$
35.00‌
12/23/2024
(3‌)
(5‌)
(2‌)
Call
-
Baxter
International
Inc
N/A
79‌
8‌
$
35.00‌
01/21/2025
(6‌)
(6‌)
—‌
Call
-
Berry
Plastics
Group
Inc
N/A
50‌
5‌
$
62.50‌
12/23/2024
(34‌)
(77‌)
(43‌)
Call
-
Comcast
Corp
-
Class
A
N/A
74‌
7‌
$
41.00‌
12/23/2024
(16‌)
(19‌)
(3‌)
Call
-
DuPont
De
Nemours
Inc
N/A
151‌
15‌
$
82.50‌
12/23/2024
(47‌)
(32‌)
15‌
Call
-
International
Game
Techno
N/A
106‌
11‌
$
22.00‌
12/23/2024
(3‌)
—‌
3‌
Call
-
International
Game
Techno
N/A
192‌
19‌
$
21.00‌
12/23/2024
(17‌)
(1‌)
16‌
Call
-
QUALCOMM
Inc
N/A
1‌
—‌
$
200.00‌
12/23/2024
—‌
—‌
—‌
Call
-
SPDR
S&P
500
ETF
Trust
N/A
11‌
1‌
$
605.00‌
12/23/2024
(7‌)
(5‌)
2‌
Call
-
Summit
Materials
Inc
N/A
9‌
1‌
$
52.50‌
12/23/2024
—‌
—‌
—‌
Call
-
Summit
Materials
Inc
N/A
85‌
9‌
$
52.50‌
01/21/2025
—‌
(6‌)
(6‌)
Put
-
S&P
500
Index
N/A
6‌
1‌
$
4,850.00‌
02/24/2025
(24‌)
(7‌)
17‌
Put
-
S&P
500
Index
N/A
6‌
1‌
$
5,150.00‌
03/24/2025
(20‌)
(15‌)
5‌
Put
-
S&P
500
Index
N/A
6‌
1‌
$
4,775.00‌
01/21/2025
(19‌)
(3‌)
16‌
Put
-
SPDR
S&P
500
ETF
Trust
N/A
41‌
4‌
$
575
.00‌
12/23/2024
(13‌)
(5‌)
8‌
Total
$
(227‌)
$
(197‌)
$
30‌
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;
December
2025
Short
8‌
$
1,924‌
$
—‌
3
Month
Secured
Overnight
Financing
Rate;
June
2026
Short
102‌
24,565‌
(30‌)
Australia
10
Year
Bond;
December
2024
Short
90‌
6,649‌
(113‌)
CAC40
Index;
December
2024
Short
36‌
2,755‌
(12‌)
Canada
10
Year
Bond;
March
2025
Short
31‌
2,733‌
(44‌)
Cocoa;
March
2025
(a)
Long
4‌
392‌
131‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
86
Futures
Contracts
(continued)
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
Coffee
'C';
March
2025
(a)
Long
19‌
$
2,266‌
$
484‌
Corn;
March
2025
(a)
Short
88‌
1,905‌
17‌
Cotton
No.2;
March
2025
(a)
Short
13‌
468‌
3‌
DAX
Index;
December
2024
Long
9‌
4,677‌
110‌
DJ
Euro
Stoxx
50;
December
2024
Short
7‌
356‌
4‌
DJ
Euro
Stoxx
50;
December
2024
Long
5‌
255‌
(8‌)
Dollar
Index;
December
2024
Long
13‌
1,376‌
44‌
E-Mini
DJIA
Index;
December
2024
Long
33‌
7,434‌
461‌
Euribor;
December
2025
Long
177‌
45,936‌
117‌
Euribor;
June
2026
Long
2‌
519‌
1‌
Euro
Bond
10
Year
Bond;
December
2024
Long
28‌
3,988‌
(4‌)
Euro
Schatz;
December
2024
Long
269‌
30,436‌
16‌
Euro-Bobl
5
Year;
December
2024
Long
67‌
8,486‌
10‌
FTSE100
Index;
December
2024
Short
5‌
529‌
7‌
FTSE100
Index;
December
2024
Long
13‌
1,374‌
(17‌)
Gasoline
RBOB;
January
2025
(a)
Short
8‌
638‌
17‌
Gold
100
oz;
February
2025
(a)
Long
13‌
3,485‌
18‌
Hang
Seng
Index;
December
2024
Long
18‌
2,256‌
27‌
ICE
3
Month
Sterling
Overnight
Index
Average;
December
2025
Short
25‌
7,643‌
(13‌)
ICE
3
Month
Sterling
Overnight
Index
Average;
June
2026
Short
2‌
612‌
(1‌)
Japan
10
Year
Bond
TSE;
December
2024
Short
12‌
11,474‌
72‌
Japan
Topix
Index;
December
2024
Long
20‌
3,581‌
(37‌)
KC
HRW
Wheat;
March
2025
(a)
Short
27‌
730‌
20‌
LME
Copper;
December
2024
(a)
Short
—‌
—‌
(164‌)
LME
Copper;
March
2025
(a)
Long
5‌
1,129‌
(26‌)
LME
PRI
Alum;
December
2024
(a)
Short
—‌
—‌
(50‌)
LME
PRI
Alum;
March
2025
(a)
Long
14‌
910‌
10‌
LME
Zinc;
December
2024
(a)
Short
—‌
—‌
(28‌)
LME
Zinc;
March
2025
(a)
Long
9‌
699‌
32‌
Low
Sulphur
Gasoline;
January
2025
(a)
Short
18‌
1,209‌
(13‌)
Mini
Japan
10
Year
Bond;
December
2024
Short
14‌
1,340‌
(2‌)
Nasdaq
100
E-Mini;
December
2024
Long
13‌
5,458‌
105‌
Natural
Gas;
January
2025
(a)
Short
24‌
807‌
(56‌)
Nikkei
225
OSE;
December
2024
Long
11‌
2,806‌
(89‌)
NY
Harb
ULSD;
January
2025
(a)
Short
16‌
1,473‌
22‌
Russell
2000
Emini;
December
2024
Short
82‌
10,023‌
(1,194‌)
Russell
2000
Emini;
December
2024
Long
35‌
4,278‌
253‌
S&P
500
Emini;
December
2024
Short
13‌
3,933‌
(222‌)
S&P
500
Emini;
December
2024
Long
27‌
8,170‌
265‌
Silver;
March
2025
(a)
Long
9‌
1,400‌
11‌
Soybean
Meal;
March
2025
(a)
Short
22‌
655‌
(1‌)
Soybean
Oil;
March
2025
(a)
Short
6‌
151‌
1‌
Soybean;
March
2025
(a)
Short
45‌
2,241‌
33‌
Sugar
#11;
March
2025
(a)
Long
30‌
708‌
(44‌)
UK
10
Year
Gilt;
March
2025
Short
61‌
7,443‌
(48‌)
US
10
Year
Note;
March
2025
Short
79‌
8,784‌
(48‌)
US
10
Year
Ultra
Note;
March
2025
Short
45‌
5,166‌
(88‌)
US
2
Year
Note;
March
2025
Long
207‌
42,665‌
82‌
US
2
Year
Note;
March
2025
Short
73‌
15,046‌
(24‌)
US
5
Year
Note;
March
2025
Short
137‌
14,741‌
(70‌)
US
5
Year
Note;
March
2025
Long
77‌
8,285‌
41‌
US
Long
Bond;
March
2025
Short
77‌
9,203‌
(149‌)
US
Ultra
Bond;
March
2025
Short
7‌
890‌
(31‌)
Wheat;
March
2025
(a)
Short
38‌
1,041‌
26‌
WTI
Crude;
January
2025
(a)
Long
5‌
340‌
(2‌)
Total
$
(188‌)
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
12/18/2024
AUD
10,293‌
$
6,836‌
$
2‌
$
(129‌)
Bank
of
America
NA
12/18/2024
GBP
11,796‌
$
15,344‌
2‌
(338‌)
Bank
of
America
NA
12/18/2024
CAD
6,447‌
$
4,752‌
—‌
(144‌)
Bank
of
America
NA
12/18/2024
EUR
12,115‌
$
13,202‌
4‌
(393‌)
Bank
of
America
NA
12/18/2024
JPY
1,348,853‌
$
8,916‌
142‌
(19‌)
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
87
Foreign
Currency
Contracts
(continued)
Unrealized
Appreciation/(Depreciation)
Counterparty
Settlement
Date
Currency
to
Accept
Currency
to
Deliver
Asset
Liability
Bank
of
America
NA
12/18/2024
MXN
11,859‌
$
604‌
$
—‌
$
(19‌)
Bank
of
America
NA
12/18/2024
NZD
5,590‌
$
3,484‌
—‌
(173‌)
Bank
of
America
NA
12/18/2024
CHF
1,922‌
$
2,281‌
—‌
(98‌)
Bank
of
America
NA
12/18/2024
$
10,811‌
CHF
9,355‌
192‌
(21‌)
Bank
of
America
NA
12/18/2024
$
16,623‌
GBP
12,831‌
344‌
(45‌)
Bank
of
America
NA
12/18/2024
$
24,153‌
EUR
22,059‌
829‌
(4‌)
Bank
of
America
NA
12/18/2024
$
12,905‌
JPY
1,879,372‌
397‌
(84‌)
Bank
of
America
NA
12/18/2024
$
12,231‌
AUD
18,264‌
318‌
—‌
Bank
of
America
NA
12/18/2024
$
16,564‌
CAD
22,574‌
429‌
—‌
Bank
of
America
NA
12/18/2024
$
3,924‌
MXN
79,111‌
36‌
—‌
Bank
of
America
NA
12/18/2024
$
7,510‌
NZD
12,307‌
223‌
(2‌)
BNP
Paribas
12/23/2024
AUD
896‌
$
581‌
3‌
—‌
BNP
Paribas
12/23/2024
EUR
76‌
$
79‌
1‌
—‌
BNP
Paribas
12/23/2024
IDR
40,266,027‌
$
2,523‌
17‌
—‌
BNP
Paribas
12/23/2024
MXN
71,658‌
$
3,505‌
14‌
—‌
BNP
Paribas
12/23/2024
NZD
745‌
$
440‌
2‌
—‌
BNP
Paribas
12/23/2024
NOK
7,807‌
$
705‌
2‌
—‌
BNP
Paribas
12/23/2024
PEN
1,988‌
$
528‌
3‌
—‌
BNP
Paribas
12/23/2024
PHP
95,713‌
$
1,621‌
11‌
—‌
BNP
Paribas
12/23/2024
RON
15,926‌
$
3,362‌
20‌
—‌
BNP
Paribas
12/23/2024
SEK
38,729‌
$
3,521‌
38‌
—‌
BNP
Paribas
12/23/2024
CHF
1,328‌
$
1,507‌
4‌
—‌
BNP
Paribas
12/23/2024
THB
8,945‌
$
259‌
2‌
—‌
BNP
Paribas
12/23/2024
$
2,445‌
GBP
1,935‌
—‌
(16‌)
BNP
Paribas
12/23/2024
$
3,299‌
ZAR
59,965‌
—‌
(24‌)
BNP
Paribas
12/23/2024
$
1,292‌
TWD
42,027‌
—‌
(3‌)
BNP
Paribas
12/23/2024
$
1,331‌
EUR
1,262‌
—‌
(4‌)
BNP
Paribas
12/23/2024
$
1,081‌
CZK
26,006‌
—‌
(8‌)
BNP
Paribas
12/23/2024
$
799‌
SEK
8,836‌
—‌
(13‌)
BNP
Paribas
12/23/2024
$
6,392‌
AUD
9,810‌
—‌
(7‌)
BNP
Paribas
12/23/2024
$
2,091‌
THB
72,387‌
—‌
(23‌)
Citigroup
Inc
12/12/2024
$
4,375‌
EUR
4,143‌
—‌
(5‌)
Citigroup
Inc
01/10/2025
ZAR
25,900‌
$
1,431‌
2‌
—‌
Citigroup
Inc
01/10/2025
TRY
71,600‌
$
1,979‌
12‌
—‌
Citigroup
Inc
01/10/2025
$
1,287‌
PLN
5,300‌
—‌
(16‌)
Citigroup
Inc
01/10/2025
$
4,740‌
CNH
34,266‌
5‌
—‌
Citigroup
Inc
01/10/2025
$
3,259‌
EUR
3,101‌
—‌
(23‌)
Deutsche
Bank
AG
12/18/2024
$
228‌
EUR
206‌
10‌
—‌
Goldman
Sachs
&
Co
12/06/2024
$
427‌
EUR
384‌
20‌
—‌
Goldman
Sachs
&
Co
12/11/2024
EUR
773‌
$
840‌
—‌
(23‌)
Goldman
Sachs
&
Co
12/11/2024
$
890‌
EUR
799‌
45‌
—‌
Goldman
Sachs
&
Co
12/17/2024
SEK
7,504‌
$
726‌
—‌
(37‌)
Goldman
Sachs
&
Co
12/17/2024
$
703‌
SEK
7,503‌
13‌
—‌
Goldman
Sachs
&
Co
12/18/2024
EUR
58‌
$
64‌
—‌
(2‌)
Goldman
Sachs
&
Co
12/18/2024
$
1,340‌
EUR
1,223‌
47‌
—‌
Goldman
Sachs
&
Co
12/19/2024
$
1,685‌
JPY
250,553‌
12‌
(7‌)
Goldman
Sachs
&
Co
12/19/2024
$
523‌
EUR
475‌
21‌
—‌
Goldman
Sachs
&
Co
12/19/2024
$
1,568‌
GBP
1,190‌
53‌
—‌
Goldman
Sachs
&
Co
12/20/2024
$
734‌
INR
61,900‌
2‌
—‌
Goldman
Sachs
&
Co
12/20/2024
$
799‌
GBP
608‌
27‌
—‌
Goldman
Sachs
&
Co
12/31/2024
$
197‌
GBP
151‌
5‌
—‌
Goldman
Sachs
&
Co
02/26/2025
EUR
63‌
$
66‌
—‌
—‌
Goldman
Sachs
&
Co
02/26/2025
$
183‌
EUR
175‌
—‌
(2‌)
HSBC
Securities
Inc
12/12/2024
EUR
785‌
$
827‌
3‌
—‌
HSBC
Securities
Inc
12/20/2024
INR
61,900‌
$
737‌
—‌
(5‌)
HSBC
Securities
Inc
12/20/2024
$
2,090‌
INR
176,394‌
5‌
—‌
HSBC
Securities
Inc
01/10/2025
CLP
1,937,825‌
$
1,979‌
10‌
—‌
HSBC
Securities
Inc
01/10/2025
ILS
2,525‌
$
694‌
3‌
—‌
HSBC
Securities
Inc
01/10/2025
$
1,503‌
PEN
5,675‌
—‌
(12‌)
HSBC
Securities
Inc
01/10/2025
$
2,791‌
ZAR
50,550‌
—‌
(6‌)
HSBC
Securities
Inc
01/10/2025
$
1,299‌
CLP
1,273,600‌
—‌
(8‌)
JPMorgan
Chase
12/06/2024
$
114‌
EUR
102‌
6‌
—‌
JPMorgan
Chase
12/12/2024
$
165‌
EUR
149‌
7‌
—‌
JPMorgan
Chase
12/13/2024
$
1,095‌
EUR
1,000‌
37‌
—‌
JPMorgan
Chase
12/19/2024
GBP
26‌
$
36‌
—‌
(2‌)
JPMorgan
Chase
12/19/2024
$
134‌
GBP
100‌
7‌
—‌
JPMorgan
Chase
12/20/2024
$
355‌
GBP
277‌
3‌
—‌
JPMorgan
Chase
03/19/2025
$
326‌
CAD
453‌
2‌
—‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
88
Foreign
Currency
Contracts
(continued)
Unrealized
Appreciation/(Depreciation)
Counterparty
Settlement
Date
Currency
to
Accept
Currency
to
Deliver
Asset
Liability
JPMorgan
Chase
05/30/2025
$
215‌
CAD
300‌
$
—‌
$
(1‌)
Merrill
Lynch
12/05/2024
$
105‌
EUR
95‌
5‌
—‌
Merrill
Lynch
01/31/2025
$
283‌
EUR
261‌
6‌
—‌
Morgan
Stanley
&
Co
12/18/2024
$
603‌
GBP
462‌
15‌
—‌
RBC
Dominon
Securities
Corp
12/05/2024
$
7,521‌
CAD
10,500‌
21‌
—‌
RBC
Dominon
Securities
Corp
12/18/2024
$
6,452‌
CAD
9,000‌
20‌
—‌
RBC
Dominon
Securities
Corp
12/23/2024
BRL
4,017‌
$
689‌
—‌
(22‌)
RBC
Dominon
Securities
Corp
12/23/2024
GBP
460‌
$
580‌
5‌
—‌
RBC
Dominon
Securities
Corp
12/23/2024
CAD
814‌
$
581‌
1‌
—‌
RBC
Dominon
Securities
Corp
12/23/2024
CLP
63,520‌
$
66‌
—‌
—‌
RBC
Dominon
Securities
Corp
12/23/2024
CNH
1,868‌
$
258‌
—‌
—‌
RBC
Dominon
Securities
Corp
12/23/2024
COP
13,908,618‌
$
3,167‌
—‌
(37‌)
RBC
Dominon
Securities
Corp
12/23/2024
HUF
745,180‌
$
1,905‌
2‌
—‌
RBC
Dominon
Securities
Corp
12/23/2024
INR
194,157‌
$
2,296‌
—‌
(1‌)
RBC
Dominon
Securities
Corp
12/23/2024
IDR
6,095,029‌
$
384‌
1‌
—‌
RBC
Dominon
Securities
Corp
12/23/2024
JPY
1,015,257‌
$
6,612‌
196‌
—‌
RBC
Dominon
Securities
Corp
12/23/2024
NZD
245‌
$
143‌
2‌
—‌
RBC
Dominon
Securities
Corp
12/23/2024
NOK
4,840‌
$
436‌
3‌
—‌
RBC
Dominon
Securities
Corp
12/23/2024
PLN
11,540‌
$
2,792‌
47‌
—‌
RBC
Dominon
Securities
Corp
12/23/2024
$
446‌
HUF
174,211‌
—‌
—‌
RBC
Dominon
Securities
Corp
12/23/2024
$
390‌
TWD
12,675‌
—‌
(1‌)
RBC
Dominon
Securities
Corp
12/23/2024
$
4,170‌
CAD
5,818‌
11‌
—‌
RBC
Dominon
Securities
Corp
12/23/2024
$
2,953‌
CNH
21,377‌
1‌
—‌
RBC
Dominon
Securities
Corp
12/23/2024
$
3,058‌
NZD
5,207‌
—‌
(26‌)
RBC
Dominon
Securities
Corp
12/23/2024
$
3,619‌
KRW
5,054,148‌
—‌
(8‌)
RBC
Dominon
Securities
Corp
12/23/2024
$
4,154‌
PEN
15,770‌
—‌
(56‌)
RBC
Dominon
Securities
Corp
12/23/2024
$
123‌
ZAR
2,239‌
—‌
(1‌)
RBC
Dominon
Securities
Corp
12/23/2024
$
2,427‌
SEK
26,510‌
—‌
(9‌)
RBC
Dominon
Securities
Corp
12/23/2024
$
449‌
PHP
26,362‌
—‌
—‌
RBC
Dominon
Securities
Corp
01/15/2025
$
4,485‌
CAD
6,250‌
13‌
—‌
RBC
Dominon
Securities
Corp
01/30/2025
$
3,446‌
CAD
4,800‌
9‌
—‌
RBC
Dominon
Securities
Corp
02/12/2025
$
3,447‌
CAD
4,800‌
8‌
—‌
Total
$
3,758‌
$
(1,877‌)
Amounts
in
thousands.
Credit
Default
Swaps
Buy
Protection
Counterparty
Reference
Entity
Implied
Credit
Spread
as
of
November
30,
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
0.37%
(1.00)%
Quarterly
12/20/2026
$
2,650‌
$
(33‌)
$
—‌
$
—‌
$
(
33‌)
Goldman
Sachs
&
Co
China
Construction
Bank
/London,
3.125%,
05/17/2025
0.35%
(1.00)%
Quarterly
12/20/2026
2,650‌
(33‌)
(1‌)
—‌
(34‌)
Goldman
Sachs
&
Co
China
Development
Bank,
3.00%,
06/01/2026
0.35%
(1.00)%
Quarterly
12/20/2026
2,150‌
(27‌)
(1‌)
—‌
(28‌)
Goldman
Sachs
&
Co
Industrial
&
Commercial
Bank
of
China
Ltd/
Hong
Kong,
1.625%,
10/28/2026
0.33%
(1.00)%
Quarterly
12/20/2026
2,650‌
(33‌)
(2‌)
—‌
(35‌)
Total
$
(126‌)
$
(4‌)
$
—‌
$
(130‌)
Amounts
in
thousands.
Exchange
Cleared
Credit
Default
Swaps
Buy
Protection
Reference
Entity
Implied
Credit
Spread
as
of
November
30,
2024
(a)
(Pay)/
Receive
Fixed
Rate
Payment
Frequency
Maturity
Date
Notional
Amount
Upfront
Payments/
(Receipts)
Unrealized
Appreciation/
(Depreciation)
Fair
Value
CDX.NA.HY.43
N/A
(5.00)%
Quarterly
12/20/2029
$
3,285‌
$
(232‌)
$
(50‌)
$
(282‌)
CDX.NA.HY.43
N/A
(5.00)%
Quarterly
12/20/2029
785‌
(63‌)
(4‌)
(67‌)
CDX.NA.HY.43
N/A
(5.00)%
Quarterly
12/20/2029
785‌
(60‌)
(7‌)
(67‌)
CDX.NA.HY.43
N/A
(5.00)%
Quarterly
12/20/2029
2,000‌
(142‌)
(30‌)
(172‌)
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
89
Exchange
Cleared
Credit
Default
Swaps
(continued)
Buy
Protection
(continued)
Reference
Entity
Implied
Credit
Spread
as
of
November
30,
2024
(a)
(Pay)/
Receive
Fixed
Rate
Payment
Frequency
Maturity
Date
Notional
Amount
Upfront
Payments/
(Receipts)
Unrealized
Appreciation/
(Depreciation)
Fair
Value
ITRX.XOVER.42
N/A
(5.00)%
Quarterly
12/20/2029
EUR
3,850‌
$
(343‌)
$
(10‌)
$
(353‌)
Total
$
(840‌)
$
(101‌)
$
(
941‌)
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
1
Day
MXN
TIIE
Banxico
Pay
8.59%
Monthly
Monthly
N/A
12/16/2026
MXN
195,000‌
$
(105‌)
$
(2‌)
$
(107‌)
1
Day
MXN
TIIE
Banxico
Receive
0.00%
Monthly
Monthly
N/A
12/24/2025
195,000‌
863‌
14‌
877‌
28
Day
MXN
TIIE
Banxico
Pay
0.00%
Monthly
Monthly
N/A
12/24/2025
195,000‌
(878‌)
(14‌)
(892‌)
6
Month
Warsaw
Interbank
Offered
Rate
Pay
4.37%
Semiannual
Annual
N/A
12/18/2029
PLN
6,600‌
(7‌)
1‌
(6‌)
6
Month
Warsaw
Interbank
Offered
Rate
Pay
4.37%
Semiannual
Annual
N/A
12/18/2029
6,700‌
9‌
(15‌)
(6‌)
Brazil
Cetip
DI
Interbank
Deposit
Rate
Pay
12.73%
Maturity
Maturity
N/A
01/04/2027
BRL
54,714‌
(164‌)
—‌
(164‌)
Brazil
Cetip
DI
Interbank
Deposit
Rate
Pay
12.73%
Maturity
Maturity
N/A
01/04/2027
28,174‌
(35‌)
(49‌)
(84‌)
Total
$
(317‌)
$
(65‌)
$
(382‌)
Amounts
in
thousands.
(a)    
Forward
swap.
Total
Return
Swaps
Counterparty
Fund
Pays
Fund
Receives
Payment
Frequency
Maturity
Date
Notional
Amount
Upfront
Payments/(Receipts)
Value
and
Unrealized
Appreciation/(Depreciation)
Asset
Liability
Citigroup
Inc
US
Federal
Funds
Effective
Rate
+
0.00%
Nigeria
Government
Treasury
Bill,
0.00%,
03/06/2025
Maturity
03/11/2025
$
203‌
$
—‌
$
11‌
$
—‌
Citigroup
Inc
US
Federal
Funds
Effective
Rate
+
0.00%
Nigeria
Government
Treasury
Bill,
0.00%,
03/13/2025
Maturity
03/18/2025
156‌
—‌
14‌
—‌
Goldman
Sachs
&
Co
(a)
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
02/05/2025-
12/02/2025
22,620‌
—‌
—‌
(1,139‌)
HSBC
Securities
Inc
Secured
Overnight
Financing
Rate
+
0.60%
Egypt
Treasury
Bill,
0.00%,
03/18/2025
Maturity
03/21/2025
258‌
—‌
39‌
—‌
HSBC
Securities
Inc
Secured
Overnight
Financing
Rate
+
0.60%
Egypt
Treasury
Bill,
0.00%,
12/17/2024
Maturity
12/20/2024
259‌
—‌
38‌
—‌
HSBC
Securities
Inc
US
Federal
Funds
Effective
Rate
+
0.00%
Zambia
Government
Bond,
13.00%,
12/18/2027
Maturity
12/20/2027
167‌
—‌
1‌
—‌
JPMorgan
Chase
Secured
Overnight
Financing
Rate
+
0.60%
Egypt
Treasury
Bill,
0.00%,
03/04/2025
Maturity
03/07/2025
238‌
—‌
22‌
—‌
JPMorgan
Chase
Secured
Overnight
Financing
Rate
+
0.75%
Egypt
Treasury
Bill,
0.00%,
09/16/2025
Maturity
09/16/2025
164‌
—‌
—‌
(1‌)
JPMorgan
Chase
(b)
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
12/30/2024-
02/28/2025
13,005‌
—‌
27‌
—‌
Morgan
Stanley
&
Co
(c)
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
93,452‌
—‌
4,329‌
—‌
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
90
Total
Return
Swaps
(continued)
Counterparty
Fund
Pays
Fund
Receives
Payment
Frequency
Maturity
Date
Notional
Amount
Upfront
Payments/(Receipts)
Value
and
Unrealized
Appreciation/(Depreciation)
Asset
Liability
Morgan
Stanley
&
Co
(d)
1
Day
Federal
Funds
Rate
plus/less
spread
Total
return
on
a
custom
basket
of
long
and
short
securities
traded
in
USD
Monthly
09/06/2028
$
20,230‌
$
—‌
$
—‌
$
(383‌)
Total
$
—‌
$
4,481‌
$
(1,523‌)
The
maturity
dates
are
measured
from
the
commencement
of
investment
in
each
underlying
position
of
a
custom
basket.
The
spread
for
a
custom
basket
is
negotiated
at
the
security
level
and
is
usually
similar
within
a
region
but
may
vary.
Notional
Amount
represents
the
total
absolute
value
of
the
underlying
securities
in
a
custom
basket.
Top
Underlying
Securities
includes
the
50
largest
components
and
any
other
components
where
the
notional
exceeds
1%
of
the
notional
amount
of
the
custom
basket.
Amounts
in
thousands.
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
91
Description
Shares
Notional
Amount
%
of
Total
Absolute
Notional
Amount
Hess
Corp
25,000
$
3,680
16.27%
Schlumberger
NV
(57,667)
(2,534
)
(11.20)%
International
Paper
Co
(35,271)
(2,075
)
(9.17)%
Britvic
PLC
90,546
1,486
6.57%
Shinko
Electric
Industries
Co
Ltd
42,334
1,485
6.56%
UMB
Financial
Corp
(9,850)
(1,236
)
(5.46)%
Neoen
SA
29,240
1,222
5.40%
Capital
One
Financial
Corp
(5,210)
(1,000
)
(4.42)%
Amcor
PLC
(89,860)
(956
)
(4.23)%
Kellanova
11,305
919
4.06%
Baxter
International
Inc
24,700
833
3.68%
Hargreaves
Lansdown
PLC
54,233
755
3.33%
Ball
Corp
10,100
628
2.78%
United
States
Steel
Corp
14,437
589
2.60%
CONSOL
Energy
Inc
(3,917)
(512
)
(2.26)%
Covestro
AG
7,632
465
2.05%
Vivendi
SE
38,718
356
1.57%
Atlantic
Union
Bankshares
Corp
(7,781)
(330
)
(1.46)%
Nokia
Oyj
(63,254)
(266
)
(1.17)%
Chevron
Corp
(1,265)
(205
)
(0.91)%
Vizio
Holding
Corp
17,079
195
0.86%
Renasant
Corp
(4,746)
(179
)
(0.79)%
Spirent
Communications
PLC
74,374
162
0.72%
Synopsys
Inc
(269)
(150
)
(0.66)%
DS
Smith
PLC
17,594
130
0.58%
Siemens
AG
460
89
0.39%
thyssenkrupp
AG
21,464
88
0.39%
Amedisys
Inc
937
86
0.38%
Juniper
Networks
Inc
338
12
0.05%
Description
Shares
Notional
Amount
%
of
Total
Absolute
Notional
Amount
Chevron
Corp
(46,736)
$
(7,568
)
(58.19)%
DS
Smith
PLC
375,341
2,782
21.39%
Hess
Corp
7,312
1,076
8.27%
International
Paper
Co
(15,255)
(897
)
(6.90)%
Hargreaves
Lansdown
PLC
24,968
347
2.67%
Vivendi
SE
13,353
123
0.94%
Nuveen
New
York
AMT-Free
Quality
Municipal
Income
Fund
10,491
116
0.89%
Britvic
PLC
5,572
91
0.71%
Invesco
Dynamic
Credit
Opportunity
Fund
329
4
0.03%
(a)
Top
Underlying
Securities
WESTGSUSD
(b)
Top
Underlying
Securities
WESEBSUSD
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
92
Description
Shares
Notional
Amount
%
of
Total
Absolute
Notional
Amount
NVIDIA
Corp
7,502
$
1,037
1.11%
Microsoft
Corp
2,336
989
1.06%
Boeing
Co/The
(4,912)
(764
)
(0.82)%
APA
Corp
(31,807)
(720
)
(0.77)%
Apple
Inc
2,882
684
0.73%
Dexcom
Inc
(8,191)
(639
)
(0.68)%
Southwest
Airlines
Co
(19,551)
(633
)
(0.68)%
Alphabet
Inc
-
A
Shares
3,670
620
0.66%
Paramount
Global
-
Class
B
(56,406)
(612
)
(0.66)%
Amazon.com
Inc
2,842
591
0.63%
Dow
Inc
(13,186)
(583
)
(0.62)%
Huntington
Ingalls
Industries
Inc
(2,810)
(556
)
(0.59)%
Equifax
Inc
(2,121)
(555
)
(0.59)%
McCormick
&
Co
Inc/MD
(6,734)
(528
)
(0.56)%
International
Flavors
&
Fragrances
Inc
(5,762)
(526
)
(0.56)%
Labcorp
Holdings
Inc
(2,163)
(522
)
(0.56)%
Intel
Corp
(21,688)
(522
)
(0.56)%
Cooper
Cos
Inc/The
(4,970)
(519
)
(0.55)%
West
Pharmaceutical
Services
Inc
(1,581)
(515
)
(0.55)%
Mosaic
Co/The
(18,905)
(500
)
(0.53)%
AES
Corp/The
(37,478)
(489
)
(0.52)%
Monster
Beverage
Corp
(8,837)
(487
)
(0.52)%
Occidental
Petroleum
Corp
(9,607)
(486
)
(0.52)%
Warner
Bros
Discovery
Inc
(45,900)
(481
)
(0.51)%
Juniper
Networks
Inc
(13,304)
(478
)
(0.51)%
First
Solar
Inc
(2,369)
(472
)
(0.51)%
Constellation
Energy
Corp
1,827
469
0.50%
Zoetis
Inc
(2,656)
(465
)
(0.50)%
Fidelity
National
Information
Services
Inc
(5,398)
(460
)
(0.49)%
Norfolk
Southern
Corp
(1,665)
(459
)
(0.49)%
IDEX
Corp
(1,979)
(456
)
(0.49)%
Xcel
Energy
Inc
(6,289)
(456
)
(0.49)%
Rockwell
Automation
Inc
(1,540)
(455
)
(0.49)%
Take-Two
Interactive
Software
Inc
(2,391)
(450
)
(0.48)%
PACCAR
Inc
(3,837)
(449
)
(0.48)%
Eversource
Energy
(6,891)
(444
)
(0.47)%
MSCI
Inc
(726)
(443
)
(0.47)%
Globe
Life
Inc
(3,967)
(441
)
(0.47)%
Verisk
Analytics
Inc
(1,473)
(433
)
(0.46)%
Akamai
Technologies
Inc
(4,520)
(425
)
(0.46)%
Devon
Energy
Corp
(11,173)
(424
)
(0.45)%
Williams
Cos
Inc/The
(7,244)
(424
)
(0.45)%
Meta
Platforms
Inc
737
423
0.45%
Exelon
Corp
(10,658)
(422
)
(0.45)%
Targa
Resources
Corp
(2,030)
(415
)
(0.45)%
Erie
Indemnity
Co
(930)
(410
)
(0.44)%
Chipotle
Mexican
Grill
Inc
(6,626)
(408
)
(0.44)%
Alliant
Energy
Corp
(6,447)
(407
)
(0.44)%
Fastenal
Co
(4,821)
(403
)
(0.43)%
CoStar
Group
Inc
(4,898)
(398
)
(0.42)%
(c)
Top
Underlying
Securities
GOTEBSUSD
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
93
Description
Shares
Notional
Amount
%
of
Total
Absolute
Notional
Amount
Teledyne
Technologies
Inc
(745)
$
(362
)
(1.79)%
Stellantis
NV
(23,229)
(308
)
(1.52)%
Zealand
Pharma
A/S
(2,764)
(286
)
(1.41)%
Assurant
Inc
(1,244)
(283
)
(1.40)%
West
Fraser
Timber
Co
Ltd
(2,600)
(255
)
(1.26)%
Danaher
Corp
(1,049)
(251
)
(1.24)%
DSV
A/S
(1,164)
(249
)
(1.23)%
Deere
&
Co
(531)
(247
)
(1.22)%
GoDaddy
Inc
(1,234)
(244
)
(1.21)%
Fastighets
AB
Balder
(31,383)
(242
)
(1.19)%
APA
Group
(50,463)
(238
)
(1.18)%
Agilent
Technologies
Inc
(1,720)
(237
)
(1.17)%
Canadian
Pacific
Kansas
City
Ltd
(3,100)
(237
)
(1.17)%
Elevance
Health
Inc
(565)
(230
)
(1.14)%
Roper
Technologies
Inc
(368)
(208
)
(1.03)%
CGI
Inc
(1,800)
(204
)
(1.01)%
Clariant
AG
(16,718)
(201
)
(1.00)%
Ashtead
Group
PLC
(2,479)
(198
)
(0.98)%
Keisei
Electric
Railway
Co
Ltd
(6,600)
(198
)
(0.98)%
Teck
Resources
Ltd
(4,200)
(196
)
(0.97)%
Old
Dominion
Freight
Line
Inc
(860)
(194
)
(0.96)%
Builders
FirstSource
Inc
(1,037)
(193
)
(0.95)%
Revvity
Inc
(1,634)
(190
)
(0.94)%
JB
Hunt
Transport
Services
Inc
(997)
(189
)
(0.93)%
SoftBank
Group
Corp
(3,100)
(185
)
(0.91)%
Jacobs
Solutions
Inc
(1,304)
(184
)
(0.91)%
Zensho
Holdings
Co
Ltd
(3,000)
(181
)
(0.89)%
Cie
Generale
des
Etablissements
Michelin
SCA
(5,513)
(179
)
(0.88)%
FirstService
Corp
(900)
(176
)
(0.87)%
Tokyo
Gas
Co
Ltd
(5,700)
(172
)
(0.85)%
EQT
AB
(5,599)
(170
)
(0.84)%
Washington
H
Soul
Pattinson
&
Co
Ltd
(7,400)
(168
)
(0.83)%
Pembina
Pipeline
Corp
(3,900)
(161
)
(0.79)%
CarMax
Inc
(1,886)
(158
)
(0.78)%
Graco
Inc
(1,715)
(156
)
(0.77)%
Waters
Corp
(400)
(154
)
(0.76)%
Hikari
Tsushin
Inc
(700)
(153
)
(0.76)%
PACCAR
Inc
(1,303)
(152
)
(0.75)%
BlueScope
Steel
Ltd
(10,518)
(152
)
(0.75)%
Phillips
66
(1,122)
(150
)
(0.74)%
Delta
Air
Lines
Inc
(2,353)
(150
)
(0.74)%
MicroStrategy
Inc
(385)
(149
)
(0.74)%
FUJIFILM
Holdings
Corp
(6,600)
(149
)
(0.74)%
Tokyu
Corp
(12,700)
(149
)
(0.74)%
Hyatt
Hotels
Corp
(940)
(148
)
(0.73)%
Swire
Pacific
Ltd
(18,000)
(148
)
(0.73)%
Cooper
Cos
Inc/The
(1,380)
(144
)
(0.71)%
Bio-Rad
Laboratories
Inc
(419)
(143
)
(0.70)%
Reliance
Inc
(436)
(140
)
(0.69)%
Japan
Post
Holdings
Co
Ltd
(13,900)
(139
)
(0.69)%
(d)
Top
Underlying
Securities
LACEBSUSD
Consolidated
Schedule
of
Investments
Global
Multi-Strategy
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
94
Short
Sales
Outstanding
COMMON
STOCKS
-
(0.06)%
Shares
Value
(000's)
Coal
-
(0.02)%
CONSOL
Energy
Inc
531‌
$
69‌
Packaging
&
Containers
-
(0.04)%
Amcor
PLC
17,741‌
189‌
TOTAL
COMMON
STOCKS
(proceeds
$258)
$
258‌
TOTAL
SHORT
SALES
(proceeds
$258)
$
258‌
Schedule
of
Investments
Global
Sustainable
Listed
Infrastructure
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
95
INVESTMENT
COMPANIES
-
2
.60
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
2
.60
%
Principal
Government
Money
Market
Fund
-
Class
R-6
4.53%
(a),(b)
520,464‌
$
520‌
TOTAL
INVESTMENT
COMPANIES
$
520‌
COMMON
STOCKS
-
97
.21
%
Shares
Held
Value
(000's)
Commercial
Services
-
5
.37
%
Atlas
Arteria
Ltd
162,969‌
$
512‌
CCR
SA
189,922‌
344‌
Hutchison
Port
Holdings
Trust
1,393,900‌
220‌
$
1,076‌
Electric
-
43
.48
%
American
Electric
Power
Co
Inc
1,420‌
142‌
CenterPoint
Energy
Inc
22,463‌
733‌
CLP
Holdings
Ltd
33,000‌
278‌
CMS
Energy
Corp
10,085‌
703‌
DTE
Energy
Co
3,576‌
450‌
EDP
Renovaveis
SA
39,802‌
467‌
Elia
Group
SA/NV
4,376‌
410‌
Emera
Inc
16,100‌
614‌
Entergy
Corp
5,281‌
825‌
National
Grid
PLC
68,766‌
868‌
NextEra
Energy
Inc
13,620‌
1,071‌
Northwestern
Energy
Group
Inc
7,562‌
418‌
PG&E
Corp
41,959‌
908‌
Xcel
Energy
Inc
11,278‌
818‌
$
8,705‌
Engineering
&
Construction
-
12
.02
%
Aeroports
de
Paris
SA
5,037‌
583‌
Beijing
Capital
International
Airport
Co
Ltd
(c)
1,008,000‌
349‌
Cellnex
Telecom
SA
-
Rights
(c),(d)
17,941‌
645‌
China
Tower
Corp
Ltd
(d)
1,850,000‌
243‌
Enav
SpA
(d)
45,317‌
195‌
Grupo
Aeroportuario
del
Centro
Norte
SAB
de
CV
48,200‌
391‌
$
2,406‌
Gas
-
3
.23
%
China
Resources
Gas
Group
Ltd
58,400‌
210‌
ENN
Energy
Holdings
Ltd
64,200‌
436‌
$
646‌
Pipelines
-
12
.05
%
APA
Group
106,099‌
501‌
DT
Midstream
Inc
2,634‌
280‌
Gibson
Energy
Inc
35,600‌
600‌
Williams
Cos
Inc/The
17,640‌
1,032‌
$
2,413‌
REITs
-
9
.11
%
American
Tower
Corp
5,292‌
1,106‌
Crown
Castle
Inc
6,741‌
717‌
$
1,823‌
Telecommunications
-
0
.82
%
Indus
Towers
Ltd
(c)
39,761‌
165‌
Transportation
-
7
.07
%
Canadian
National
Railway
Co
7,600‌
849‌
Union
Pacific
Corp
2,319‌
567‌
$
1,416‌
Water
-
4
.06
%
Aguas
Andinas
SA
754,127‌
228‌
Severn
Trent
PLC
16,996‌
584‌
$
812‌
TOTAL
COMMON
STOCKS
$
19,462‌
Total
Investments
$
19,982‌
Other
Assets
and
Liabilities
-  0.19%
38‌
TOTAL
NET
ASSETS
-
100.00%
$
20,020‌
(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
$1,083
or
5.41%
of
net
assets.
Schedule
of
Investments
Global
Sustainable
Listed
Infrastructure
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
96
Affiliated
Securities
August
31,
2024
Purchases
Sales
November
30,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
4.53%
$
438‌
$
1,443‌
$
1,361‌
$
520‌
$
438‌
$
1,443‌
$
1,361‌
$
520‌
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
4.53%
$
7‌
$
—‌
$
—‌
$
—‌
$
7‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
International
Equity
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
97
INVESTMENT
COMPANIES
-
3
.11
%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
2
.72
%
iShares
MSCI
EAFE
ETF
390,800‌
$
30,861‌
Money
Market
Funds
-
0
.39
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
4.54%
(a),(b)
2,231,300‌
2,232‌
Principal
Government
Money
Market
Fund
-
Class
R-6
4.53%
(a),(c)
2,214,333‌
2,214‌
$
4,446‌
TOTAL
INVESTMENT
COMPANIES
$
35,307‌
COMMON
STOCKS
-
96
.37
%
Shares
Held
Value
(000's)
Advertising
-
0
.24
%
Dentsu
Group
Inc
13,200‌
$
338‌
Publicis
Groupe
SA
15,207‌
1,652‌
WPP
PLC
71,560‌
782‌
$
2,772‌
Aerospace
&
Defense
-
2
.28
%
Airbus
SE
39,481‌
6,171‌
BAE
Systems
PLC
200,794‌
3,138‌
Dassault
Aviation
SA
1,306‌
260‌
Elbit
Systems
Ltd
1,775‌
431‌
Leonardo
SpA
26,851‌
723‌
Melrose
Industries
PLC
85,683‌
627‌
MTU
Aero
Engines
AG
3,574‌
1,219‌
Rheinmetall
AG
2,895‌
1,910‌
Rolls-Royce
Holdings
PLC
(d)
565,080‌
4,020‌
Saab
AB
21,312‌
467‌
Safran
SA
24,130‌
5,631‌
Singapore
Technologies
Engineering
Ltd
103,900‌
349‌
Thales
SA
6,157‌
921‌
$
25,867‌
Agriculture
-
0
.82
%
British
American
Tobacco
PLC
132,373‌
5,028‌
Imperial
Brands
PLC
53,301‌
1,743‌
Japan
Tobacco
Inc
79,700‌
2,248‌
Wilmar
International
Ltd
127,600‌
294‌
$
9,313‌
Airlines
-
0
.12
%
ANA
Holdings
Inc
10,600‌
205‌
Deutsche
Lufthansa
AG
39,866‌
268‌
Japan
Airlines
Co
Ltd
9,500‌
158‌
Qantas
Airways
Ltd
(d)
50,908‌
292‌
Singapore
Airlines
Ltd
(e)
99,100‌
467‌
$
1,390‌
Apparel
-
1
.85
%
Adidas
AG
10,764‌
2,546‌
Asics
Corp
45,400‌
917‌
Hermes
International
SCA
2,104‌
4,592‌
Kering
SA
4,943‌
1,157‌
LVMH
Moet
Hennessy
Louis
Vuitton
SE
18,277‌
11,458‌
Puma
SE
7,015‌
330‌
$
21,000‌
Automobile
Manufacturers
-
2
.75
%
Bayerische
Motoren
Werke
AG
19,261‌
1,432‌
Daimler
Truck
Holding
AG
32,799‌
1,243‌
Ferrari
NV
8,375‌
3,648‌
Honda
Motor
Co
Ltd
298,200‌
2,573‌
Isuzu
Motors
Ltd
37,400‌
499‌
Mercedes-Benz
Group
AG
49,757‌
2,797‌
Nissan
Motor
Co
Ltd
148,100‌
357‌
Renault
SA
12,789‌
549‌
Stellantis
NV
130,560‌
1,733‌
Subaru
Corp
39,000‌
626‌
Suzuki
Motor
Corp
104,400‌
1,110‌
Toyota
Motor
Corp
682,100‌
11,655‌
Volvo
AB
-
A
Shares
13,323‌
334‌
Volvo
AB
-
B
Shares
105,541‌
2,629‌
$
31,185‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Automobile
Parts
&
Equipment
-
0
.63
%
Aisin
Corp
34,900‌
$
369‌
Bridgestone
Corp
37,900‌
1,356‌
Cie
Generale
des
Etablissements
Michelin
SCA
44,388‌
1,444‌
Continental
AG
7,319‌
482‌
Denso
Corp
125,600‌
1,798‌
Sumitomo
Electric
Industries
Ltd
47,400‌
915‌
Toyota
Industries
Corp
10,800‌
807‌
$
7,171‌
Banks
-
12
.42
%
ABN
AMRO
Bank
NV
(f)
30,484‌
473‌
AIB
Group
PLC
123,778‌
676‌
ANZ
Group
Holdings
Ltd
197,880‌
4,033‌
Banco
Bilbao
Vizcaya
Argentaria
SA
382,923‌
3,617‌
Banco
BPM
SpA
85,689‌
653‌
Banco
de
Sabadell
SA
361,960‌
683‌
Banco
Santander
SA
1,029,466‌
4,753‌
Bank
Hapoalim
BM
83,993‌
965‌
Bank
Leumi
Le-Israel
BM
100,180‌
1,142‌
Bank
of
Ireland
Group
PLC
66,723‌
585‌
Banque
Cantonale
Vaudoise
2,001‌
199‌
Barclays
PLC
965,616‌
3,237‌
BNP
Paribas
SA
67,620‌
4,042‌
BOC
Hong
Kong
Holdings
Ltd
246,000‌
759‌
BPER
Banca
SPA
66,119‌
404‌
CaixaBank
SA
265,597‌
1,443‌
Chiba
Bank
Ltd/The
37,900‌
317‌
Commerzbank
AG
62,969‌
966‌
Commonwealth
Bank
of
Australia
111,196‌
11,544‌
Computershare
Ltd
35,234‌
734‌
Concordia
Financial
Group
Ltd
(e)
69,800‌
419‌
Credit
Agricole
SA
70,718‌
947‌
Danske
Bank
A/S
45,821‌
1,318‌
DBS
Group
Holdings
Ltd
132,370‌
4,200‌
Deutsche
Bank
AG
125,905‌
2,141‌
DNB
Bank
ASA
59,486‌
1,245‌
Erste
Group
Bank
AG
22,367‌
1,228‌
FinecoBank
Banca
Fineco
SpA
40,652‌
652‌
Hang
Seng
Bank
Ltd
50,000‌
597‌
HSBC
Holdings
PLC
1,209,564‌
11,272‌
ING
Groep
NV
219,482‌
3,388‌
Intesa
Sanpaolo
SpA
971,793‌
3,730‌
Israel
Discount
Bank
Ltd
82,304‌
542‌
Japan
Post
Bank
Co
Ltd
96,000‌
908‌
KBC
Group
NV
15,243‌
1,102‌
Lloyds
Banking
Group
PLC
4,075,130‌
2,747‌
Macquarie
Group
Ltd
24,057‌
3,639‌
Mediobanca
Banca
di
Credito
Finanziario
SpA
33,251‌
485‌
Mitsubishi
UFJ
Financial
Group
Inc
737,800‌
8,806‌
Mizrahi
Tefahot
Bank
Ltd
10,311‌
446‌
Mizuho
Financial
Group
Inc
160,280‌
4,047‌
National
Australia
Bank
Ltd
204,244‌
5,228‌
NatWest
Group
PLC
469,038‌
2,406‌
Nordea
Bank
Abp
209,626‌
2,369‌
Oversea-Chinese
Banking
Corp
Ltd
225,000‌
2,735‌
Resona
Holdings
Inc
138,800‌
1,161‌
Shizuoka
Financial
Group
Inc
29,000‌
258‌
Skandinaviska
Enskilda
Banken
AB
105,434‌
1,463‌
Societe
Generale
SA
47,857‌
1,269‌
Standard
Chartered
PLC
139,617‌
1,726‌
Sumitomo
Mitsui
Financial
Group
Inc
247,700‌
6,113‌
Sumitomo
Mitsui
Trust
Group
Inc
43,088‌
1,080‌
Svenska
Handelsbanken
AB
96,845‌
1,007‌
Swedbank
AB
56,384‌
1,105‌
UBS
Group
AG
218,526‌
7,067‌
UniCredit
SpA
97,887‌
3,760‌
United
Overseas
Bank
Ltd
84,000‌
2,281‌
Westpac
Banking
Corp
228,441‌
4,987‌
$
141,099‌
Schedule
of
Investments
International
Equity
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
98
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Beverages
-
1
.45
%
Anheuser-Busch
InBev
SA/NV
59,704‌
$
3,209‌
Asahi
Group
Holdings
Ltd
96,000‌
1,047‌
Carlsberg
AS
6,356‌
656‌
Coca-Cola
Europacific
Partners
PLC
13,765‌
1,068‌
Coca-Cola
HBC
AG
(d)
14,433‌
515‌
Davide
Campari-Milano
NV
40,961‌
246‌
Diageo
PLC
147,839‌
4,417‌
Endeavour
Group
Ltd/Australia
101,287‌
289‌
Heineken
Holding
NV
8,624‌
546‌
Heineken
NV
19,134‌
1,416‌
JDE
Peet's
NV
8,097‌
161‌
Kirin
Holdings
Co
Ltd
51,500‌
720‌
Pernod
Ricard
SA
13,465‌
1,509‌
Suntory
Beverage
&
Food
Ltd
9,200‌
314‌
Treasury
Wine
Estates
Ltd
53,987‌
400‌
$
16,513‌
Biotechnology
-
0
.86
%
Argenx
SE
(d)
3,973‌
2,452‌
Bachem
Holding
AG
2,242‌
174‌
CSL
Ltd
32,172‌
5,931‌
Genmab
A/S
(d)
4,180‌
901‌
Swedish
Orphan
Biovitrum
AB
(d)
12,967‌
360‌
$
9,818‌
Building
Materials
-
1
.54
%
AGC
Inc
13,000‌
408‌
Cie
de
Saint-Gobain
SA
30,138‌
2,752‌
Daikin
Industries
Ltd
17,500‌
2,117‌
Geberit
AG
2,220‌
1,339‌
Heidelberg
Materials
AG
9,068‌
1,147‌
Holcim
AG
(d)
34,630‌
3,529‌
Investment
AB
Latour
9,837‌
250‌
James
Hardie
Industries
PLC
(d)
28,534‌
1,063‌
Kingspan
Group
PLC
10,258‌
773‌
Nibe
Industrier
AB
100,832‌
428‌
ROCKWOOL
A/S
623‌
228‌
Sika
AG
10,129‌
2,629‌
Svenska
Cellulosa
AB
SCA
40,320‌
524‌
TOTO
Ltd
9,400‌
254‌
$
17,441‌
Chemicals
-
2
.44
%
Air
Liquide
SA
38,419‌
6,390‌
Akzo
Nobel
NV
11,353‌
663‌
Arkema
SA
3,744‌
297‌
Asahi
Kasei
Corp
83,400‌
596‌
BASF
SE
59,301‌
2,665‌
Brenntag
SE
8,646‌
558‌
Clariant
AG
(d)
14,335‌
173‌
Covestro
AG
(d),(f)
11,930‌
728‌
Croda
International
PLC
8,826‌
388‌
DSM-Firmenich
AG
12,356‌
1,357‌
EMS-Chemie
Holding
AG
467‌
333‌
Evonik
Industries
AG
17,052‌
313‌
Givaudan
SA
613‌
2,704‌
ICL
Group
Ltd
51,434‌
234‌
Mitsubishi
Chemical
Group
Corp
90,200‌
475‌
Mitsui
Chemicals
Inc
11,300‌
263‌
Nippon
Paint
Holdings
Co
Ltd
63,100‌
433‌
Nippon
Sanso
Holdings
Corp
11,500‌
337‌
Nitto
Denko
Corp
47,000‌
751‌
Novonesis
(Novozymes)
B
23,411‌
1,374‌
Shin-Etsu
Chemical
Co
Ltd
119,700‌
4,442‌
Syensqo
SA
4,931‌
367‌
Symrise
AG
8,816‌
975‌
Toray
Industries
Inc
91,900‌
588‌
Yara
International
ASA
11,001‌
310‌
$
27,714‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Commercial
Services
-
2
.85
%
Adecco
Group
AG
11,206‌
$
299‌
Adyen
NV
(d),(f)
1,444‌
2,102‌
Ashtead
Group
PLC
29,055‌
2,329‌
Brambles
Ltd
92,499‌
1,152‌
Bureau
Veritas
SA
21,139‌
644‌
Dai
Nippon
Printing
Co
Ltd
25,800‌
394‌
Edenred
SE
16,284‌
539‌
Experian
PLC
61,099‌
2,921‌
Intertek
Group
PLC
10,738‌
645‌
Nexi
SpA
(d),(f)
34,204‌
202‌
Randstad
NV
7,221‌
317‌
Recruit
Holdings
Co
Ltd
93,200‌
6,483‌
RELX
PLC
123,794‌
5,836‌
Rentokil
Initial
PLC
167,576‌
841‌
Secom
Co
Ltd
27,900‌
975‌
Securitas
AB
32,721‌
415‌
SGS
SA
10,073‌
1,000‌
TOPPAN
Holdings
Inc
15,900‌
426‌
Transurban
Group
206,208‌
1,726‌
Wise
PLC
(d)
44,318‌
498‌
Wolters
Kluwer
NV
15,847‌
2,645‌
$
32,389‌
Computers
-
1
.00
%
Bechtle
AG
5,442‌
179‌
Capgemini
SE
10,322‌
1,659‌
Check
Point
Software
Technologies
Ltd
(d)
5,846‌
1,064‌
CyberArk
Software
Ltd
(d)
2,869‌
928‌
Fujitsu
Ltd
110,100‌
2,115‌
Logitech
International
SA
10,105‌
821‌
NEC
Corp
16,300‌
1,394‌
Nomura
Research
Institute
Ltd
25,143‌
770‌
NTT
Data
Group
Corp
41,800‌
812‌
Obic
Co
Ltd
21,500‌
706‌
Otsuka
Corp
15,100‌
377‌
SCSK
Corp
10,400‌
211‌
Teleperformance
SE
3,626‌
342‌
$
11,378‌
Consumer
Products
-
0
.30
%
Henkel
AG
&
Co
KGaA
6,914‌
525‌
Reckitt
Benckiser
Group
PLC
45,929‌
2,849‌
$
3,374‌
Cosmetics
&
Personal
Care
-
1
.97
%
Beiersdorf
AG
6,587‌
854‌
Essity
AB
40,539‌
1,117‌
Haleon
PLC
511,293‌
2,439‌
Kao
Corp
31,000‌
1,349‌
L'Oreal
SA
15,956‌
5,552‌
Shiseido
Co
Ltd
26,600‌
495‌
Unicharm
Corp
24,700‌
643‌
Unilever
PLC
164,941‌
9,877‌
$
22,326‌
Distribution
&
Wholesale
-
1
.59
%
AddTech
AB
17,269‌
475‌
Bunzl
PLC
22,322‌
1,011‌
D'ieteren
Group
1,429‌
306‌
IMCD
NV
3,791‌
569‌
ITOCHU
Corp
79,000‌
3,909‌
Marubeni
Corp
94,600‌
1,428‌
Mitsubishi
Corp
222,100‌
3,761‌
Mitsui
&
Co
Ltd
167,700‌
3,524‌
Rexel
SA
14,861‌
384‌
SGH
Ltd
13,539‌
439‌
Sumitomo
Corp
72,400‌
1,554‌
Toyota
Tsusho
Corp
42,200‌
722‌
$
18,082‌
Diversified
Financial
Services
-
1
.82
%
AerCap
Holdings
NV
12,907‌
1,282‌
Amundi
SA
(f)
4,079‌
266‌
ASX
Ltd
12,900‌
557‌
Schedule
of
Investments
International
Equity
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
99
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Diversified
Financial
Services
(continued)
Daiwa
Securities
Group
Inc
88,700‌
$
597‌
Deutsche
Boerse
AG
12,511‌
2,929‌
Euronext
NV
(f)
5,194‌
580‌
Futu
Holdings
Ltd
ADR
(d)
3,727‌
325‌
Hargreaves
Lansdown
PLC
23,669‌
329‌
Hong
Kong
Exchanges
&
Clearing
Ltd
80,000‌
3,012‌
Japan
Exchange
Group
Inc
65,800‌
796‌
Julius
Baer
Group
Ltd
13,674‌
906‌
London
Stock
Exchange
Group
PLC
31,769‌
4,553‌
Mitsubishi
HC
Capital
Inc
58,500‌
395‌
Nomura
Holdings
Inc
199,500‌
1,209‌
ORIX
Corp
76,700‌
1,727‌
SBI
Holdings
Inc
18,090‌
457‌
Schroders
PLC
53,554‌
215‌
Singapore
Exchange
Ltd
57,100‌
542‌
$
20,677‌
Electric
-
2
.62
%
BKW
AG
1,403‌
241‌
Chubu
Electric
Power
Co
Inc
42,800‌
453‌
CLP
Holdings
Ltd
109,000‌
918‌
E.ON
SE
149,170‌
1,923‌
EDP
Renovaveis
SA
20,756‌
244‌
EDP
SA
208,233‌
753‌
Elia
Group
SA/NV
1,954‌
183‌
Endesa
SA
21,133‌
463‌
Enel
SpA
540,393‌
3,892‌
Engie
SA
121,353‌
1,934‌
Fortum
Oyj
29,850‌
450‌
Iberdrola
SA
401,709‌
5,728‌
Kansai
Electric
Power
Co
Inc/The
46,700‌
602‌
Mercury
NZ
Ltd
46,492‌
182‌
Meridian
Energy
Ltd
86,115‌
317‌
National
Grid
PLC
324,633‌
4,098‌
Origin
Energy
Ltd
114,341‌
812‌
Orsted
AS
(d),(f)
11,172‌
622‌
Power
Assets
Holdings
Ltd
92,000‌
605‌
Redeia
Corp
SA
27,000‌
482‌
RWE
AG
42,005‌
1,417‌
Sembcorp
Industries
Ltd
59,400‌
232‌
SSE
PLC
73,365‌
1,655‌
Terna
-
Rete
Elettrica
Nazionale
93,371‌
790‌
Tokyo
Electric
Power
Co
Holdings
Inc
(d)
101,600‌
366‌
Verbund
AG
4,531‌
362‌
$
29,724‌
Electrical
Components
&
Equipment
-
1
.05
%
Brother
Industries
Ltd
15,500‌
273‌
Fujikura
Ltd
16,700‌
597‌
Legrand
SA
17,424‌
1,748‌
Schneider
Electric
SE
36,333‌
9,360‌
$
11,978‌
Electronics
-
1
.66
%
ABB
Ltd
105,079‌
5,999‌
Assa
Abloy
AB
66,594‌
2,045‌
Halma
PLC
25,200‌
868‌
Hoya
Corp
23,100‌
2,986‌
Kyocera
Corp
85,200‌
840‌
MINEBEA
MITSUMI
Inc
24,000‌
395‌
Murata
Manufacturing
Co
Ltd
112,400‌
1,881‌
NIDEC
CORP
55,400‌
1,022‌
SCREEN
Holdings
Co
Ltd
5,400‌
341‌
Shimadzu
Corp
15,700‌
443‌
TDK
Corp
129,200‌
1,675‌
Yokogawa
Electric
Corp
15,200‌
340‌
$
18,835‌
Energy
-
Alternate
Sources
-
0
.09
%
Vestas
Wind
Systems
A/S
(d)
67,045‌
1,050‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Engineering
&
Construction
-
1
.10
%
Acciona
SA
1,640‌
$
209‌
ACS
Actividades
de
Construccion
y
Servicios
SA
11,732‌
545‌
Aena
SME
SA
(f)
4,980‌
1,079‌
Aeroports
de
Paris
SA
2,301‌
266‌
Auckland
International
Airport
Ltd
100,560‌
462‌
Bouygues
SA
12,616‌
376‌
Cellnex
Telecom
SA
-
Rights
(d),(f)
35,192‌
1,265‌
CK
Infrastructure
Holdings
Ltd
42,000‌
290‌
Eiffage
SA
4,890‌
441‌
Ferrovial
SE
31,620‌
1,304‌
Infrastrutture
Wireless
Italiane
SpA
(f)
22,329‌
230‌
Kajima
Corp
26,200‌
480‌
Keppel
Ltd
96,900‌
487‌
Obayashi
Corp
43,000‌
614‌
Skanska
AB
22,639‌
473‌
Taisei
Corp
11,000‌
479‌
Vinci
SA
33,237‌
3,513‌
$
12,513‌
Entertainment
-
0
.69
%
Aristocrat
Leisure
Ltd
37,635‌
1,669‌
CTS
Eventim
AG
&
Co
KGaA
4,152‌
367‌
Entain
PLC
40,352‌
414‌
Evolution
AB
(f)
11,260‌
982‌
Genting
Singapore
Ltd
401,800‌
230‌
La
Francaise
des
Jeux
SACA
(f)
6,780‌
268‌
Lottery
Corp
Ltd/The
148,089‌
502‌
Oriental
Land
Co
Ltd/Japan
72,500‌
1,711‌
Toho
Co
Ltd/Tokyo
7,400‌
324‌
Universal
Music
Group
NV
54,683‌
1,317‌
$
7,784‌
Food
-
3
.51
%
Aeon
Co
Ltd
43,400‌
1,044‌
Ajinomoto
Co
Inc
30,800‌
1,296‌
Barry
Callebaut
AG
237‌
362‌
Carrefour
SA
36,086‌
550‌
Chocoladefabriken
Lindt
&
Spruengli
AG
-
PC
66‌
764‌
Chocoladefabriken
Lindt
&
Spruengli
AG
-
REG
7‌
795‌
CK
Hutchison
Holdings
Ltd
178,132‌
932‌
Coles
Group
Ltd
89,117‌
1,082‌
Danone
SA
42,893‌
2,934‌
J
Sainsbury
PLC
117,466‌
391‌
Jeronimo
Martins
SGPS
SA
18,842‌
367‌
Kerry
Group
PLC
10,174‌
984‌
Kesko
Oyj
18,173‌
361‌
Kikkoman
Corp
45,000‌
495‌
Kobe
Bussan
Co
Ltd
10,000‌
253‌
Koninklijke
Ahold
Delhaize
NV
61,747‌
2,131‌
Lotus
Bakeries
NV
27‌
325‌
Marks
&
Spencer
Group
PLC
136,274‌
664‌
MEIJI
Holdings
Co
Ltd
15,600‌
334‌
Mowi
ASA
30,965‌
563‌
Nestle
SA
174,077‌
15,117‌
Nissin
Foods
Holdings
Co
Ltd
13,300‌
354‌
Orkla
ASA
46,640‌
431‌
Salmar
ASA
4,386‌
228‌
Seven
&
i
Holdings
Co
Ltd
147,100‌
2,555‌
Tesco
PLC
455,263‌
2,124‌
WH
Group
Ltd
(f)
555,000‌
442‌
Woolworths
Group
Ltd
81,165‌
1,601‌
Yakult
Honsha
Co
Ltd
17,000‌
348‌
$
39,827‌
Food
Service
-
0
.38
%
Compass
Group
PLC
112,744‌
3,863‌
Sodexo
SA
5,886‌
490‌
$
4,353‌
Schedule
of
Investments
International
Equity
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
100
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Forest
Products
&
Paper
-
0
.14
%
Holmen
AB
5,064‌
$
191‌
Mondi
PLC
29,369‌
445‌
UPM-Kymmene
Oyj
35,436‌
932‌
$
1,568‌
Gas
-
0
.20
%
Centrica
PLC
342,608‌
556‌
Hong
Kong
&
China
Gas
Co
Ltd
742,387‌
565‌
Osaka
Gas
Co
Ltd
24,200‌
531‌
Snam
SpA
134,167‌
625‌
$
2,277‌
Hand
&
Machine
Tools
-
0
.31
%
Fuji
Electric
Co
Ltd
8,900‌
503‌
Makita
Corp
15,800‌
496‌
Schindler
Holding
AG
-
PC
2,701‌
781‌
Schindler
Holding
AG
-
REG
1,562‌
443‌
Techtronic
Industries
Co
Ltd
91,500‌
1,302‌
$
3,525‌
Healthcare
-
Products
-
2
.08
%
Alcon
AG
33,201‌
2,956‌
Carl
Zeiss
Meditec
AG
2,674‌
160‌
Cochlear
Ltd
4,347‌
865‌
Coloplast
A/S
8,374‌
1,057‌
Demant
A/S
(d)
5,876‌
225‌
DiaSorin
SpA
1,487‌
166‌
EssilorLuxottica
SA
19,750‌
4,801‌
Fisher
&
Paykel
Healthcare
Corp
Ltd
38,970‌
879‌
FUJIFILM
Holdings
Corp
74,400‌
1,683‌
Getinge
AB
15,198‌
238‌
Koninklijke
Philips
NV
(d)
53,080‌
1,452‌
Lifco
AB
15,510‌
471‌
Olympus
Corp
78,300‌
1,238‌
QIAGEN
NV
(d)
14,760‌
646‌
Sartorius
Stedim
Biotech
1,943‌
371‌
Siemens
Healthineers
AG
(f)
18,724‌
1,017‌
Smith
&
Nephew
PLC
58,174‌
738‌
Sonova
Holding
AG
3,367‌
1,152‌
Straumann
Holding
AG
7,410‌
968‌
Sysmex
Corp
33,500‌
710‌
Terumo
Corp
89,100‌
1,820‌
$
23,613‌
Healthcare
-
Services
-
0
.54
%
BioMerieux
2,756‌
288‌
Eurofins
Scientific
SE
8,988‌
445‌
Fresenius
Medical
Care
AG
13,665‌
601‌
Fresenius
SE
&
Co
KGaA
(d)
28,048‌
987‌
Lonza
Group
AG
4,799‌
2,877‌
Ramsay
Health
Care
Ltd
12,230‌
317‌
Sonic
Healthcare
Ltd
30,365‌
568‌
$
6,083‌
Holding
Companies
-
Diversified
-
0
.08
%
Jardine
Matheson
Holdings
Ltd
10,668‌
466‌
Swire
Pacific
Ltd
27,000‌
222‌
Wharf
Holdings
Ltd/The
71,000‌
196‌
$
884‌
Home
Builders
-
0
.28
%
Barratt
Redrow
PLC
91,707‌
499‌
Berkeley
Group
Holdings
PLC
6,786‌
359‌
Daiwa
House
Industry
Co
Ltd
39,400‌
1,241‌
Persimmon
PLC
21,281‌
341‌
Sekisui
Chemical
Co
Ltd
25,100‌
406‌
Taylor
Wimpey
PLC
235,522‌
393‌
$
3,239‌
Home
Furnishings
-
0
.93
%
Hoshizaki
Corp
7,200‌
292‌
Panasonic
Holdings
Corp
154,900‌
1,511‌
Rational
AG
340‌
319‌
SEB
SA
1,655‌
157‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Home
Furnishings
(continued)
Sony
Group
Corp
414,800‌
$
8,328‌
$
10,607‌
Insurance
-
5
.52
%
Admiral
Group
PLC
17,322‌
565‌
Aegon
Ltd
89,835‌
580‌
Ageas
SA/NV
10,630‌
537‌
AIA
Group
Ltd
726,400‌
5,469‌
Allianz
SE
26,026‌
8,057‌
ASR
Nederland
NV
10,545‌
504‌
Aviva
PLC
177,787‌
1,095‌
AXA
SA
117,001‌
4,078‌
Baloise
Holding
AG
2,895‌
550‌
Dai-ichi
Life
Holdings
Inc
60,100‌
1,629‌
Generali
62,565‌
1,790‌
Gjensidige
Forsikring
ASA
13,288‌
237‌
Hannover
Rueck
SE
4,004‌
1,046‌
Helvetia
Holding
AG
2,470‌
433‌
Insurance
Australia
Group
Ltd
157,327‌
877‌
Japan
Post
Holdings
Co
Ltd
127,700‌
1,281‌
Japan
Post
Insurance
Co
Ltd
12,700‌
266‌
Legal
&
General
Group
PLC
391,825‌
1,104‌
M&G
PLC
150,456‌
380‌
Medibank
Pvt
Ltd
183,235‌
458‌
MS&AD
Insurance
Group
Holdings
Inc
85,500‌
1,915‌
Muenchener
Rueckversicherungs-Gesellschaft
AG
in
Muenchen
8,887‌
4,650‌
NN
Group
NV
17,970‌
834‌
Phoenix
Group
Holdings
PLC
46,646‌
305‌
Prudential
PLC
179,111‌
1,468‌
QBE
Insurance
Group
Ltd
99,961‌
1,306‌
Sampo
Oyj
32,876‌
1,408‌
Sompo
Holdings
Inc
59,250‌
1,566‌
Suncorp
Group
Ltd
84,494‌
1,088‌
Swiss
Life
Holding
AG
1,908‌
1,565‌
Swiss
Re
AG
20,040‌
2,962‌
T&D
Holdings
Inc
32,400‌
614‌
Talanx
AG
4,295‌
364‌
Tokio
Marine
Holdings
Inc
124,900‌
4,657‌
Tryg
A/S
22,556‌
521‌
Unipol
Gruppo
SpA
26,219‌
316‌
Zurich
Insurance
Group
AG
9,724‌
6,172‌
$
62,647‌
Internet
-
1
.58
%
Auto
Trader
Group
PLC
(f)
59,525‌
636‌
CAR
Group
Ltd
25,082‌
682‌
Delivery
Hero
SE
(d),(f)
12,401‌
509‌
Grab
Holdings
Ltd
(d)
140,398‌
702‌
LY
Corp
190,000‌
524‌
M3
Inc
29,300‌
285‌
MonotaRO
Co
Ltd
16,700‌
298‌
Prosus
NV
(d)
90,893‌
3,700‌
Rakuten
Group
Inc
100,100‌
577‌
Scout24
SE
(f)
4,990‌
450‌
Sea
Ltd
ADR
(d)
24,595‌
2,799‌
SEEK
Ltd
23,740‌
406‌
Spotify
Technology
SA
(d)
10,178‌
4,855‌
Trend
Micro
Inc/Japan
8,400‌
463‌
Wix.com
Ltd
(d)
3,507‌
785‌
ZOZO
Inc
9,000‌
284‌
$
17,955‌
Investment
Companies
-
0
.56
%
Eurazeo
SE
2,780‌
204‌
EXOR
NV
6,616‌
654‌
Groupe
Bruxelles
Lambert
NV
5,525‌
383‌
Industrivarden
AB
-
A
Shares
8,086‌
266‌
Industrivarden
AB
-
C
Shares
10,647‌
349‌
Infratil
Ltd
61,008‌
464‌
Investor
AB
-
B
Shares
115,000‌
3,155‌
L
E
Lundbergforetagen
AB
5,050‌
245‌
Schedule
of
Investments
International
Equity
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
101
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Investment
Companies
(continued)
Sofina
SA
1,024‌
$
238‌
Washington
H
Soul
Pattinson
&
Co
Ltd
15,875‌
361‌
$
6,319‌
Iron
&
Steel
-
0
.40
%
ArcelorMittal
SA
31,126‌
782‌
BlueScope
Steel
Ltd
29,134‌
422‌
Fortescue
Ltd
112,502‌
1,395‌
JFE
Holdings
Inc
38,100‌
436‌
Mineral
Resources
Ltd
11,751‌
259‌
Nippon
Steel
Corp
60,177‌
1,233‌
$
4,527‌
Leisure
Products
&
Services
-
0
.29
%
Amadeus
IT
Group
SA
29,932‌
2,102‌
Shimano
Inc
5,000‌
695‌
Yamaha
Motor
Co
Ltd
61,400‌
535‌
$
3,332‌
Lodging
-
0
.30
%
Accor
SA
12,967‌
599‌
Galaxy
Entertainment
Group
Ltd
145,000‌
650‌
InterContinental
Hotels
Group
PLC
10,580‌
1,320‌
Sands
China
Ltd
(d)
161,200‌
414‌
Whitbread
PLC
11,922‌
433‌
$
3,416‌
Machinery
-
Construction
&
Mining
-
1
.76
%
Epiroc
AB
-
A
Shares
43,734‌
797‌
Epiroc
AB
-
B
Shares
25,947‌
428‌
Hitachi
Construction
Machinery
Co
Ltd
7,100‌
160‌
Hitachi
Ltd
308,100‌
7,764‌
Komatsu
Ltd
58,200‌
1,576‌
Metso
Oyj
41,366‌
364‌
Mitsubishi
Electric
Corp
126,300‌
2,145‌
Mitsubishi
Heavy
Industries
Ltd
212,900‌
3,135‌
Sandvik
AB
70,831‌
1,311‌
Siemens
Energy
AG
(d)
42,486‌
2,305‌
$
19,985‌
Machinery
-
Diversified
-
1
.72
%
Atlas
Copco
AB
-
A
Shares
178,467‌
2,853‌
Atlas
Copco
AB
-
B
Shares
103,706‌
1,467‌
Beijer
Ref
AB
25,574‌
403‌
Daifuku
Co
Ltd
21,500‌
449‌
FANUC
Corp
62,800‌
1,632‌
GEA
Group
AG
10,319‌
517‌
Hexagon
AB
137,896‌
1,176‌
Keyence
Corp
12,960‌
5,623‌
Kone
Oyj
22,574‌
1,170‌
Kubota
Corp
62,500‌
783‌
Omron
Corp
11,600‌
371‌
SMC
Corp
3,800‌
1,621‌
Spirax
Group
PLC
4,898‌
448‌
Wartsila
OYJ
Abp
33,464‌
609‌
Yaskawa
Electric
Corp
15,100‌
397‌
$
19,519‌
Media
-
0
.20
%
Bollore
SE
47,376‌
293‌
Informa
PLC
88,384‌
964‌
Pearson
PLC
39,837‌
625‌
Vivendi
SE
47,967‌
441‌
$
2,323‌
Metal
Fabrication
&
Hardware
-
0
.26
%
Prysmian
SpA
18,665‌
1,231‌
SKF
AB
22,678‌
436‌
Tenaris
SA
27,039‌
519‌
VAT
Group
AG
(f)
1,796‌
717‌
$
2,903‌
Mining
-
2
.24
%
Anglo
American
PLC
84,427‌
2,711‌
Antofagasta
PLC
26,237‌
569‌
BHP
Group
Ltd
337,119‌
8,890‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Mining
(continued)
Boliden
AB
18,198‌
$
543‌
Endeavour
Mining
PLC
12,174‌
239‌
Glencore
PLC
(d)
689,041‌
3,337‌
Norsk
Hydro
ASA
93,568‌
581‌
Northern
Star
Resources
Ltd
76,460‌
877‌
Rio
Tinto
Ltd
24,664‌
1,909‌
Rio
Tinto
PLC
74,910‌
4,710‌
South32
Ltd
300,544‌
729‌
Sumitomo
Metal
Mining
Co
Ltd
16,400‌
405‌
$
25,500‌
Miscellaneous
Manufacturers
-
1
.17
%
Alfa
Laval
AB
19,203‌
818‌
Alstom
SA
(d)
23,030‌
519‌
Indutrade
AB
18,180‌
464‌
Knorr-Bremse
AG
4,827‌
369‌
Orica
Ltd
32,403‌
384‌
Siemens
AG
50,496‌
9,809‌
Smiths
Group
PLC
22,881‌
516‌
Trelleborg
AB
14,175‌
469‌
$
13,348‌
Office
&
Business
Equipment
-
0
.24
%
Canon
Inc
62,000‌
2,020‌
Ricoh
Co
Ltd
(e)
35,100‌
400‌
Seiko
Epson
Corp
19,200‌
342‌
$
2,762‌
Oil
&
Gas
-
3
.41
%
Aker
BP
ASA
21,026‌
432‌
BP
PLC
1,074,614‌
5,262‌
DCC
PLC
(d)
6,578‌
480‌
ENEOS
Holdings
Inc
181,330‌
982‌
Eni
SpA
152,759‌
2,161‌
Equinor
ASA
55,662‌
1,349‌
Galp
Energia
SGPS
SA
30,922‌
508‌
Idemitsu
Kosan
Co
Ltd
60,105‌
402‌
Inpex
Corp
(e)
58,600‌
768‌
Neste
Oyj
28,149‌
429‌
OMV
AG
9,799‌
393‌
Repsol
SA
78,228‌
979‌
Santos
Ltd
215,642‌
932‌
Shell
PLC
412,207‌
13,247‌
TotalEnergies
SE
143,375‌
8,333‌
Woodside
Energy
Group
Ltd
126,156‌
2,024‌
$
38,681‌
Packaging
&
Containers
-
0
.07
%
SIG
Group
AG
(d)
20,347‌
404‌
Stora
Enso
Oyj
38,730‌
376‌
$
780‌
Pharmaceuticals
-
8
.78
%
Amplifon
SpA
8,273‌
210‌
Astellas
Pharma
Inc
120,200‌
1,251‌
AstraZeneca
PLC
103,004‌
13,941‌
Bayer
AG
65,267‌
1,340‌
Chugai
Pharmaceutical
Co
Ltd
44,600‌
1,963‌
Daiichi
Sankyo
Co
Ltd
116,400‌
3,696‌
Eisai
Co
Ltd
16,700‌
518‌
Galderma
Group
AG
(d)
5,532‌
567‌
Grifols
SA
(d)
19,819‌
181‌
GSK
PLC
275,407‌
4,679‌
Hikma
Pharmaceuticals
PLC
11,057‌
271‌
Ipsen
SA
2,506‌
290‌
Kyowa
Kirin
Co
Ltd
16,000‌
266‌
Merck
KGaA
8,585‌
1,287‌
Novartis
AG
130,952‌
13,883‌
Novo
Nordisk
A/S
213,984‌
22,933‌
Ono
Pharmaceutical
Co
Ltd
24,900‌
286‌
Orion
Oyj
7,179‌
339‌
Otsuka
Holdings
Co
Ltd
29,700‌
1,726‌
Recordati
Industria
Chimica
e
Farmaceutica
SpA
6,957‌
379‌
Roche
Holding
AG
46,679‌
13,563‌
Schedule
of
Investments
International
Equity
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
102
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Pharmaceuticals
(continued)
Roche
Holding
AG
(e)
2,130‌
$
656‌
Sandoz
Group
AG
27,197‌
1,243‌
Sanofi
SA
75,878‌
7,370‌
Shionogi
&
Co
Ltd
50,200‌
712‌
Takeda
Pharmaceutical
Co
Ltd
105,700‌
2,882‌
Teva
Pharmaceutical
Industries
Ltd
ADR
(d)
75,272‌
1,263‌
UCB
SA
8,400‌
1,647‌
Zealand
Pharma
A/S
(d)
4,247‌
440‌
$
99,782‌
Pipelines
-
0
.04
%
APA
Group
86,039‌
406‌
Private
Equity
-
0
.59
%
3i
Group
PLC
64,689‌
3,057‌
CapitaLand
Investment
Ltd/Singapore
155,800‌
318‌
CVC
Capital
Partners
PLC
(d),(f)
14,125‌
346‌
EQT
AB
24,739‌
750‌
Partners
Group
Holding
AG
1,508‌
2,191‌
$
6,662‌
Real
Estate
-
1
.02
%
Azrieli
Group
Ltd
2,820‌
227‌
CK
Asset
Holdings
Ltd
128,132‌
526‌
Daito
Trust
Construction
Co
Ltd
3,900‌
435‌
Fastighets
AB
Balder
(d)
44,097‌
340‌
Henderson
Land
Development
Co
Ltd
96,982‌
305‌
Hongkong
Land
Holdings
Ltd
73,329‌
334‌
Hulic
Co
Ltd
25,500‌
230‌
LEG
Immobilien
SE
4,948‌
459‌
Mitsubishi
Estate
Co
Ltd
71,800‌
1,017‌
Mitsui
Fudosan
Co
Ltd
177,600‌
1,489‌
REA
Group
Ltd
3,516‌
580‌
Sagax
AB
14,621‌
324‌
Sekisui
House
Ltd
39,600‌
939‌
Sino
Land
Co
Ltd
259,073‌
254‌
Sumitomo
Realty
&
Development
Co
Ltd
20,600‌
639‌
Sun
Hung
Kai
Properties
Ltd
96,500‌
964‌
Swiss
Prime
Site
AG
5,144‌
569‌
Vonovia
SE
49,205‌
1,632‌
Wharf
Real
Estate
Investment
Co
Ltd
111,000‌
299‌
$
11,562‌
REITs
-
0
.96
%
CapitaLand
Ascendas
REIT
248,650‌
487‌
CapitaLand
Integrated
Commercial
Trust
387,310‌
567‌
Covivio
SA/France
3,713‌
204‌
Gecina
SA
3,061‌
308‌
Goodman
Group
114,309‌
2,838‌
GPT
Group/The
127,451‌
396‌
Japan
Real
Estate
Investment
Corp
85‌
315‌
Klepierre
SA
14,315‌
433‌
Land
Securities
Group
PLC
47,083‌
361‌
Link
REIT
171,240‌
749‌
Mirvac
Group
262,528‌
371‌
Nippon
Building
Fund
Inc
509‌
427‌
Scentre
Group
345,649‌
832‌
Segro
PLC
85,479‌
848‌
Stockland
158,829‌
542‌
Unibail-Rodamco-Westfield
7,882‌
646‌
Vicinity
Ltd
257,444‌
363‌
Warehouses
De
Pauw
CVA
11,988‌
265‌
$
10,952‌
Retail
-
2
.25
%
Associated
British
Foods
PLC
22,181‌
621‌
Avolta
AG
6,084‌
226‌
Cie
Financiere
Richemont
SA
35,718‌
4,996‌
Fast
Retailing
Co
Ltd
12,700‌
4,352‌
H
&
M
Hennes
&
Mauritz
AB
37,688‌
523‌
Industria
de
Diseno
Textil
SA
72,476‌
4,000‌
JD
Sports
Fashion
PLC
172,188‌
224‌
Kingfisher
PLC
121,247‌
382‌
MatsukiyoCocokara
&
Co
22,100‌
310‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Retail
(continued)
McDonald's
Holdings
Co
Japan
Ltd
5,700‌
$
236‌
Moncler
SpA
15,520‌
760‌
Next
PLC
7,915‌
1,017‌
Nitori
Holdings
Co
Ltd
5,300‌
680‌
Pan
Pacific
International
Holdings
Corp
25,300‌
645‌
Pandora
A/S
5,443‌
878‌
Reece
Ltd
15,022‌
253‌
Swatch
Group
AG/The
-
BR
1,925‌
351‌
Tokyo
Gas
Co
Ltd
22,600‌
681‌
Wesfarmers
Ltd
75,397‌
3,544‌
Zalando
SE
(d),(f)
14,924‌
467‌
Zensho
Holdings
Co
Ltd
6,400‌
386‌
$
25,532‌
Semiconductors
-
3
.15
%
Advantest
Corp
50,900‌
2,819‌
ASM
International
NV
3,120‌
1,679‌
ASML
Holding
NV
26,549‌
18,141‌
BE
Semiconductor
Industries
NV
5,129‌
610‌
Disco
Corp
6,100‌
1,667‌
Infineon
Technologies
AG
86,768‌
2,828‌
Kokusai
Electric
Corp
10,200‌
171‌
Lasertec
Corp
5,300‌
584‌
Renesas
Electronics
Corp
111,900‌
1,468‌
STMicroelectronics
NV
45,410‌
1,164‌
Tokyo
Electron
Ltd
29,800‌
4,672‌
$
35,803‌
Shipbuilding
-
0
.09
%
Kongsberg
Gruppen
ASA
5,852‌
689‌
Yangzijiang
Shipbuilding
Holdings
Ltd
171,600‌
309‌
$
998‌
Software
-
2
.33
%
Capcom
Co
Ltd
23,000‌
540‌
Dassault
Systemes
SE
44,464‌
1,535‌
Global-e
Online
Ltd
(d)
6,657‌
348‌
Konami
Group
Corp
6,700‌
662‌
Monday.com
Ltd
(d)
2,489‌
710‌
Nemetschek
SE
3,842‌
399‌
Nexon
Co
Ltd
22,400‌
308‌
Nice
Ltd
(d)
4,177‌
754‌
Oracle
Corp
Japan
2,600‌
267‌
Pro
Medicus
Ltd
3,821‌
630‌
Sage
Group
PLC/The
66,755‌
1,114‌
SAP
SE
69,380‌
16,475‌
Temenos
AG
3,746‌
247‌
TIS
Inc
14,100‌
346‌
WiseTech
Global
Ltd
12,222‌
1,027‌
Xero
Ltd
(d)
9,649‌
1,099‌
$
26,461‌
Telecommunications
-
2
.91
%
BT
Group
PLC
430,462‌
873‌
Deutsche
Telekom
AG
231,916‌
7,419‌
Elisa
Oyj
9,464‌
429‌
Hikari
Tsushin
Inc
1,200‌
264‌
HKT
Trust
&
HKT
Ltd
251,980‌
314‌
KDDI
Corp
101,900‌
3,368‌
Koninklijke
KPN
NV
258,387‌
1,002‌
Nippon
Telegraph
&
Telephone
Corp
1,985,400‌
2,037‌
Nokia
OYJ
354,322‌
1,488‌
Orange
SA
123,697‌
1,318‌
Singapore
Telecommunications
Ltd
493,600‌
1,143‌
SoftBank
Corp
1,900,000‌
2,456‌
SoftBank
Group
Corp
63,500‌
3,807‌
Swisscom
AG
1,719‌
993‌
Tele2
AB
36,319‌
381‌
Telecom
Italia
SpA/Milano
(d)
662,036‌
159‌
Telefonaktiebolaget
LM
Ericsson
184,576‌
1,500‌
Telefonica
SA
263,632‌
1,194‌
Telenor
ASA
40,969‌
483‌
Telia
Co
AB
156,971‌
460‌
Schedule
of
Investments
International
Equity
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
103
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Telecommunications
(continued)
Telstra
Group
Ltd
269,069‌
$
693‌
Vodafone
Group
PLC
1,476,172‌
1,332‌
$
33,113‌
Toys,
Games
&
Hobbies
-
0
.43
%
Bandai
Namco
Holdings
Inc
39,500‌
836‌
Nintendo
Co
Ltd
69,000‌
4,050‌
$
4,886‌
Transportation
-
1
.28
%
AP
Moller
-
Maersk
A/S
-
A
194‌
319‌
AP
Moller
-
Maersk
A/S
-
B
303‌
516‌
Central
Japan
Railway
Co
51,300‌
1,056‌
Deutsche
Post
AG
67,771‌
2,494‌
DSV
A/S
13,579‌
2,908‌
East
Japan
Railway
Co
60,200‌
1,176‌
Getlink
SE
20,126‌
329‌
Hankyu
Hanshin
Holdings
Inc
15,200‌
417‌
InPost
SA
(d)
14,949‌
262‌
Kawasaki
Kisen
Kaisha
Ltd
24,700‌
329‌
Kuehne
+
Nagel
International
AG
3,205‌
767‌
Mitsui
OSK
Lines
Ltd
22,900‌
785‌
MTR
Corp
Ltd
103,500‌
364‌
Nippon
Yusen
KK
29,100‌
933‌
Poste
Italiane
SpA
(f)
30,416‌
427‌
SG
Holdings
Co
Ltd
21,300‌
210‌
SITC
International
Holdings
Co
Ltd
89,000‌
232‌
Tokyu
Corp
(e)
35,300‌
413‌
West
Japan
Railway
Co
29,200‌
550‌
$
14,487‌
Water
-
0
.23
%
Severn
Trent
PLC
17,958‌
616‌
United
Utilities
Group
PLC
45,369‌
647‌
Veolia
Environnement
SA
46,750‌
1,363‌
$
2,626‌
TOTAL
COMMON
STOCKS
$
1,094,636‌
PREFERRED
STOCKS
-
0
.32
%
Shares
Held
Value
(000's)
Automobile
Manufacturers
-
0
.20
%
Bayerische
Motoren
Werke
AG
6.02%
3,719‌
$
255‌
Dr
Ing
hc
F
Porsche
AG
2.31%
(f)
7,577‌
475‌
Porsche
Automobil
Holding
SE
2.56%
10,188‌
374‌
Volkswagen
AG
9.06%
13,696‌
1,174‌
$
2,278‌
Consumer
Products
-
0
.08
%
Henkel
AG
&
Co
KGaA
1.85%
11,236‌
959‌
Electronics
-
0
.04
%
Sartorius
AG
0.74%
1,743‌
403‌
TOTAL
PREFERRED
STOCKS
$
3,640‌
Total
Investments
$
1,133,583‌
Other
Assets
and
Liabilities
-  0.20%
2,312‌
TOTAL
NET
ASSETS
-
100.00%
$
1,135,895‌
(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
$2,232
or
0.20%
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
$2,140
or
0.19%
of
net
assets.
(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
$14,283
or
1.26%
of
net
assets.
Affiliated
Securities
August
31,
2024
Purchases
Sales
November
30,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
4.53%
$
8,792‌
$
38,363‌
$
44,941‌
$
2,214‌
$
8,792‌
$
38,363‌
$
44,941‌
$
2,214‌
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
4.53%
$
22‌
$
—‌
$
—‌
$
—‌
$
22‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
International
Equity
Index
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
104
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
eMini
MSCI
EAFE;
December
2024
Long
21‌
$
2,448‌
$
(
103‌
)
Total
$
(
103‌
)
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
International
Small
Company
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
105
INVESTMENT
COMPANIES
-
2
.43
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
2
.43
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
4.54%
(a),(b)
4,542,649‌
$
4,543‌
Principal
Government
Money
Market
Fund
-
Class
R-6
4.53%
(a),(b),(c)
12,377,741‌
12,378‌
$
16,921‌
TOTAL
INVESTMENT
COMPANIES
$
16,921‌
COMMON
STOCKS
-
99
.05
%
Shares
Held
Value
(000's)
Advertising
-
0
.42
%
Stroeer
SE
&
Co
KGaA
56,959‌
$
2,942‌
Aerospace
&
Defense
-
0
.65
%
Saab
AB
206,003‌
4,517‌
Agriculture
-
0
.39
%
GrainCorp
Ltd
529,942‌
2,706‌
Airlines
-
0
.83
%
JET2
PLC
289,137‌
5,793‌
Apparel
-
2
.33
%
Asics
Corp
304,900‌
6,160‌
Gildan
Activewear
Inc
114,700‌
5,702‌
Yue
Yuen
Industrial
Holdings
Ltd
1,973,500‌
4,442‌
$
16,304‌
Automobile
Parts
&
Equipment
-
0
.93
%
CIE
Automotive
SA
90,261‌
2,396‌
Nifco
Inc/Japan
169,600‌
4,079‌
$
6,475‌
Banks
-
5
.28
%
Banca
Mediolanum
SpA
479,593‌
5,542‌
Banca
Monte
dei
Paschi
di
Siena
SpA
1,046,774‌
6,881‌
Bank
of
Ireland
Group
PLC
321,164‌
2,815‌
BAWAG
Group
AG
(d),(e)
84,602‌
6,716‌
Chiba
Bank
Ltd/The
572,700‌
4,789‌
Concordia
Financial
Group
Ltd
(f)
742,500‌
4,457‌
Mebuki
Financial
Group
Inc
1,284,400‌
5,705‌
$
36,905‌
Beverages
-
0
.61
%
Royal
Unibrew
A/S
56,717‌
4,281‌
Biotechnology
-
0
.56
%
Bavarian
Nordic
A/S
(d)
143,283‌
3,939‌
Building
Materials
-
2
.66
%
Breedon
Group
PLC
928,476‌
5,452‌
Buzzi
SpA
126,672‌
5,368‌
Sumitomo
Osaka
Cement
Co
Ltd
120,500‌
2,687‌
Wienerberger
AG
178,975‌
5,045‌
$
18,552‌
Chemicals
-
2
.57
%
ADEKA
Corp
218,100‌
4,020‌
Air
Water
Inc
355,900‌
4,418‌
Fuso
Chemical
Co
Ltd
160,900‌
3,660‌
NOF
Corp
390,100‌
5,836‌
$
17,934‌
Commercial
Services
-
4
.23
%
4imprint
Group
PLC
74,787‌
4,816‌
Element
Fleet
Management
Corp
214,600‌
4,552‌
Elis
SA
290,251‌
5,914‌
GMO
Payment
Gateway
Inc
75,100‌
3,974‌
Securitas
AB
454,790‌
5,763‌
TechnoPro
Holdings
Inc
246,800‌
4,535‌
$
29,554‌
Computers
-
3
.86
%
Computacenter
PLC
138,862‌
3,935‌
CyberArk
Software
Ltd
(d)
17,251‌
5,581‌
Internet
Initiative
Japan
Inc
171,200‌
3,456‌
NET
One
Systems
Co
Ltd
212,700‌
6,391‌
Serco
Group
PLC
1,964,297‌
3,921‌
Sopra
Steria
Group
19,465‌
3,682‌
$
26,966‌
Cosmetics
&
Personal
Care
-
0
.69
%
Rohto
Pharmaceutical
Co
Ltd
242,700‌
4,822‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Distribution
&
Wholesale
-
2
.03
%
Rexel
SA
150,144‌
$
3,881‌
SGH
Ltd
164,887‌
5,345‌
Sojitz
Corp
243,300‌
4,969‌
$
14,195‌
Diversified
Financial
Services
-
2
.83
%
BFF
Bank
SpA
(e)
313,401‌
2,972‌
Credit
Saison
Co
Ltd
241,000‌
5,775‌
IG
Group
Holdings
PLC
469,404‌
5,720‌
Man
Group
PLC/Jersey
1,977,443‌
5,294‌
$
19,761‌
Electric
-
3
.00
%
Capital
Power
Corp
153,700‌
6,837‌
Hera
SpA
1,445,043‌
5,361‌
Sembcorp
Industries
Ltd
1,010,400‌
3,942‌
Tohoku
Electric
Power
Co
Inc
588,100‌
4,781‌
$
20,921‌
Electrical
Components
&
Equipment
-
0
.76
%
SWCC
Corp
105,300‌
5,313‌
Electronics
-
2
.38
%
Celestica
Inc
(d)
101,100‌
8,692‌
NKT
A/S
(d)
62,856‌
4,857‌
SCREEN
Holdings
Co
Ltd
48,800‌
3,086‌
$
16,635‌
Engineering
&
Construction
-
5
.90
%
Balfour
Beatty
PLC
836,754‌
4,794‌
Fraport
AG
Frankfurt
Airport
Services
Worldwide
(d)
70,523‌
3,883‌
INFRONEER
Holdings
Inc
586,000‌
4,756‌
Kajima
Corp
237,700‌
4,351‌
Kinden
Corp
243,900‌
5,033‌
SPIE
SA
130,291‌
4,106‌
Stantec
Inc
51,790‌
4,486‌
Technip
Energies
NV
179,516‌
4,418‌
Ventia
Services
Group
Pty
Ltd
1,795,194‌
5,344‌
$
41,171‌
Food
-
4
.41
%
AAK
AB
183,795‌
4,981‌
Cranswick
PLC
76,199‌
4,809‌
Empire
Co
Ltd
123,100‌
3,691‌
Kotobuki
Spirits
Co
Ltd
300,600‌
4,191‌
Sonae
SGPS
SA
2,896,429‌
2,888‌
Toyo
Suisan
Kaisha
Ltd
84,100‌
5,908‌
Yamazaki
Baking
Co
Ltd
227,800‌
4,303‌
$
30,771‌
Hand
&
Machine
Tools
-
0
.69
%
Amada
Co
Ltd
502,200‌
4,845‌
Healthcare
-
Products
-
1
.57
%
ConvaTec
Group
PLC
(e)
1,764,127‌
5,291‌
Menicon
Co
Ltd
282,200‌
2,925‌
Tecan
Group
AG
11,476‌
2,744‌
$
10,960‌
Home
Builders
-
0
.56
%
Bellway
PLC
122,489‌
3,910‌
Insurance
-
2
.21
%
ASR
Nederland
NV
103,265‌
4,935‌
AUB
Group
Ltd
191,016‌
4,095‌
Beazley
PLC
647,576‌
6,398‌
$
15,428‌
Internet
-
1
.26
%
Scout24
SE
(e)
50,486‌
4,552‌
U-Next
Holdings
Co
Ltd
378,900‌
4,229‌
$
8,781‌
Leisure
Products
&
Services
-
0
.67
%
Flight
Centre
Travel
Group
Ltd
409,746‌
4,691‌
Schedule
of
Investments
International
Small
Company
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
106
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Lodging
-
1
.15
%
MGM
China
Holdings
Ltd
3,360,000‌
$
4,229‌
Whitbread
PLC
105,530‌
3,830‌
$
8,059‌
Machinery
-
Construction
&
Mining
-
0
.78
%
Weir
Group
PLC/The
193,588‌
5,477‌
Machinery
-
Diversified
-
3
.75
%
ANDRITZ
AG
74,205‌
4,153‌
ATS
Corp
(d)
157,600‌
5,162‌
IMI
PLC
264,135‌
6,119‌
KION
Group
AG
117,252‌
4,201‌
Organo
Corp
114,800‌
6,575‌
$
26,210‌
Media
-
1
.21
%
Fuji
Media
Holdings
Inc
377,600‌
4,369‌
Quebecor
Inc
(f)
171,700‌
4,055‌
$
8,424‌
Metal
Fabrication
&
Hardware
-
1
.15
%
Vallourec
SACA
(d)
295,680‌
5,194‌
VAT
Group
AG
(e)
7,158‌
2,859‌
$
8,053‌
Mining
-
4
.33
%
Alamos
Gold
Inc
327,600‌
6,226‌
Bellevue
Gold
Ltd
(d)
4,398,259‌
3,689‌
Capstone
Copper
Corp
(d)
737,000‌
5,096‌
De
Grey
Mining
Ltd
(d)
4,428,832‌
4,416‌
Filo
Corp
(d)
200,500‌
4,643‌
Osisko
Gold
Royalties
Ltd
318,300‌
6,179‌
$
30,249‌
Miscellaneous
Manufacturers
-
2
.52
%
Amano
Corp
163,500‌
4,669‌
Diploma
PLC
104,614‌
5,943‌
Towa
Corp
(f)
240,300‌
2,561‌
Trelleborg
AB
133,907‌
4,429‌
$
17,602‌
Office
&
Business
Equipment
-
0
.61
%
Canon
Marketing
Japan
Inc
133,000‌
4,267‌
Oil
&
Gas
-
2
.01
%
ARC
Resources
Ltd
247,400‌
4,561‌
Var
Energi
ASA
1,277,946‌
4,205‌
Veren
Inc
990,800‌
5,258‌
$
14,024‌
Oil
&
Gas
Services
-
0
.64
%
SBM
Offshore
NV
248,738‌
4,498‌
Packaging
&
Containers
-
1
.79
%
DS
Smith
PLC
669,567‌
4,964‌
Gerresheimer
AG
50,560‌
3,996‌
Rengo
Co
Ltd
601,300‌
3,565‌
$
12,525‌
Pharmaceuticals
-
1
.90
%
Hikma
Pharmaceuticals
PLC
165,392‌
4,050‌
Laboratorios
Farmaceuticos
Rovi
SA
54,251‌
3,696‌
Suzuken
Co
Ltd/Aichi
Japan
96,600‌
3,023‌
Zealand
Pharma
A/S
(d)
24,413‌
2,529‌
$
13,298‌
Pipelines
-
0
.66
%
Keyera
Corp
139,130‌
4,588‌
Private
Equity
-
1
.02
%
Intermediate
Capital
Group
PLC
265,270‌
7,149‌
Real
Estate
-
3
.01
%
Castellum
AB
(d)
323,834‌
3,831‌
PSP
Swiss
Property
AG
46,248‌
6,744‌
TAG
Immobilien
AG
(d)
292,915‌
4,875‌
Tokyo
Tatemono
Co
Ltd
321,000‌
5,550‌
$
21,000‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
REITs
-
7
.30
%
British
Land
Co
PLC/The
1,364,919‌
$
6,752‌
Canadian
Apartment
Properties
REIT
111,100‌
3,638‌
CapitaLand
Ascendas
REIT
2,185,000‌
4,276‌
Gecina
SA
44,966‌
4,529‌
HomeCo
Daily
Needs
REIT
605,695‌
495‌
Invincible
Investment
Corp
11,178‌
4,754‌
KDX
Realty
Investment
Corp
5,062‌
4,984‌
Keppel
DC
REIT
2,068,700‌
3,433‌
Keppel
DC
REIT
-
Rights
(d)
177,908‌
26‌
Mirvac
Group
3,524,377‌
4,979‌
Mitsui
Fudosan
Logistics
Park
Inc
6,407‌
4,333‌
Stockland
1,217,065‌
4,155‌
Tritax
Big
Box
REIT
PLC
2,627,796‌
4,645‌
$
50,999‌
Retail
-
5
.58
%
ABC-Mart
Inc
164,700‌
3,389‌
B&M
European
Value
Retail
SA
(f)
1,253,011‌
5,534‌
Brunello
Cucinelli
SpA
56,098‌
5,556‌
Food
&
Life
Cos
Ltd
297,400‌
6,858‌
JD
Sports
Fashion
PLC
2,769,734‌
3,596‌
JINS
Holdings
Inc
135,400‌
5,533‌
KOMEDA
Holdings
Co
Ltd
237,500‌
4,571‌
Monogatari
Corp/The
161,400‌
3,901‌
$
38,938‌
Semiconductors
-
1
.10
%
Nova
Ltd
(d)
22,708‌
4,173‌
Socionext
Inc
214,600‌
3,490‌
$
7,663‌
Software
-
2
.20
%
Cellebrite
DI
Ltd
(d)
265,149‌
5,351‌
Descartes
Systems
Group
Inc/The
(d)
50,300‌
5,931‌
TIS
Inc
166,700‌
4,088‌
$
15,370‌
Transportation
-
2
.06
%
Kamigumi
Co
Ltd
203,700‌
4,594‌
Kyushu
Railway
Co
195,500‌
5,147‌
Sankyu
Inc
134,000‌
4,638‌
$
14,379‌
TOTAL
COMMON
STOCKS
$
691,844‌
Total
Investments
$
708,765‌
Other
Assets
and
Liabilities
-  (1.48)%
(
10,303‌
)
TOTAL
NET
ASSETS
-
100.00%
$
698,462‌
(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
$11,503
or
1.65%
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
$22,390
or
3.21%
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
$11,076
or
1.59%
of
net
assets.
Schedule
of
Investments
International
Small
Company
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
107
Affiliated
Securities
August
31,
2024
Purchases
Sales
November
30,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
4.53%
$
22,143‌
$
90,139‌
$
99,904‌
$
12,378‌
$
22,143‌
$
90,139‌
$
99,904‌
$
12,378‌
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
4.53%
$
62‌
$
—‌
$
—‌
$
—‌
$
62‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
Opportunistic
Municipal
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
108
INVESTMENT
COMPANIES
-
0.12%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0.12%
iShares
Short-Term
National
Muni
Bond
ETF
1,000‌
$
106‌
JPMorgan
Ultra-Short
Municipal
Income
ETF
6‌
—‌
SPDR
Nuveen
Bloomberg
High
Yield
Municipal
Bond
ETF
1,678‌
44‌
VanEck
High
Yield
Muni
ETF
341‌
18‌
VanEck
Short
High
Yield
Muni
ETF
1,000‌
23‌
$
191‌
TOTAL
INVESTMENT
COMPANIES
$
191‌
MUNICIPAL
BONDS
-
105.29%
Principal
Amount
(000's)
Value
(000's)
Alabama
-
6.15%
County
of
Jefferson
AL
Sewer
Revenue
5.50%,
10/01/2053
$
1,800‌
$
1,985‌
Lower
Alabama
Gas
District/The
5.00%,
09/01/2034
1,700‌
1,837‌
5.00%,
09/01/2046
2,180‌
2,438‌
Mobile
County
Industrial
Development
Authority
5.00%,
06/01/2054
1,500‌
1,527‌
Tuscaloosa
County
Industrial
Development
Authority
5.25%,
05/01/2044
(a)
2,003‌
2,047‌
$
9,834‌
Arizona
-
2.27%
Arizona
Industrial
Development
Authority
0.00%,
01/01/2054
(a),(b)
1,000‌
180‌
Maricopa
County
Industrial
Development
Authority
4.00%,
10/15/2047
(a)
1,000‌
905‌
Navajo
Nation
5.50%,
12/01/2030
(a)
2,500‌
2,536‌
$
3,621‌
Arkansas
-
2.66%
Arkansas
Development
Finance
Authority
4.75%,
09/01/2049
(a)
1,000‌
1,004‌
5.45%,
09/01/2052
1,000‌
1,045‌
6.88%,
07/01/2048
(a)
2,000‌
2,210‌
$
4,259‌
California
-
11.04%
Alameda
Corridor
Transportation
Authority
(credit
support
from
Assured
Guaranty
Municipal
Corp
)
5.00%,
10/01/2052
(c)
1,000‌
1,086‌
Bay
Area
Toll
Authority
2.60%,
04/01/2056
245‌
172‌
California
Educational
Facilities
Authority
5.00%,
05/01/2049
2,500‌
3,114‌
California
Infrastructure
&
Economic
Development
Bank
8.00%,
01/01/2050
(a),(d)
2,000‌
2,061‌
California
Pollution
Control
Financing
Authority
5.00%,
07/01/2038
(a)
1,115‌
1,211‌
5.00%,
07/01/2039
(a)
1,250‌
1,300‌
California
Public
Finance
Authority
6.38%,
06/01/2059
5,000‌
4,953‌
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
1,019‌
City
of
Los
Angeles
Department
of
Airports
5.00%,
05/15/2037
(e)
1,421‌
1,536‌
La
Verne
Public
Financing
Authority
7.25%,
09/01/2026
165‌
166‌
$
17,639‌
Colorado
-
2.78%
Creekside
Village
Metropolitan
District
5.00%,
12/01/2039
1,255‌
1,256‌
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
472‌
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Colorado
(continued)
Pueblo
Urban
Renewal
Authority
4.75%,
12/01/2045
(a)
$
1,000‌
$
689‌
Regional
Transportation
District
4.00%,
07/15/2040
1,000‌
1,001‌
$
4,448‌
Connecticut
-
1.14%
Mohegan
Tribal
Finance
Authority
7.00%,
02/01/2045
(a)
1,800‌
1,815‌
Florida
-
9.92%
County
of
Miami-Dade
FL
Aviation
Revenue
5.00%,
10/01/2049
(e)
3,000‌
3,078‌
Florida
Development
Finance
Corp
4.38%,
10/01/2054
(a),(d)
2,000‌
2,022‌
5.25%,
08/01/2029
(a)
1,000‌
1,051‌
5.25%,
08/01/2055
1,000‌
1,056‌
5.50%,
07/01/2053
3,000‌
3,130‌
6.13%,
07/01/2032
(a),(d)
2,000‌
2,052‌
Ocean
Highway
&
Port
Authority
5.50%,
12/01/2049
(a)
1,500‌
1,255‌
Orange
County
Housing
Finance
Authority
7.00%,
10/01/2025
70‌
70‌
Palm
Beach
County
Health
Facilities
Authority
7.63%,
05/15/2058
1,000‌
1,131‌
Village
Community
Development
District
No
15
4.80%,
05/01/2055
(a)
1,000‌
1,008‌
$
15,853‌
Georgia
-
7.63%
Atlanta
Development
Authority/The
0.00%,
12/15/2048
(a),(b)
5,000‌
4,307‌
5.50%,
04/01/2039
(a)
4,000‌
4,154‌
Fayette
County
Development
Authority
5.25%,
10/01/2049
2,000‌
2,177‌
George
L
Smith
II
Congress
Center
Authority
5.00%,
01/01/2036
(a)
1,528‌
1,550‌
$
12,188‌
Illinois
-
7.86%
Chicago
O'Hare
International
Airport
5.50%,
01/01/2055
1,400‌
1,505‌
City
of
Chicago
IL
6.00%,
01/01/2038
1,900‌
1,970‌
7.46%,
02/15/2026
1,165‌
851‌
Illinois
State
Toll
Highway
Authority
4.00%,
01/01/2046
(e)
400‌
398‌
5.00%,
01/01/2040
(e)
5,000‌
5,061‌
5.00%,
01/01/2043
(e)
1,500‌
1,688‌
State
of
Illinois
5.50%,
05/01/2047
1,000‌
1,090‌
$
12,563‌
Indiana
-
0.19%
Town
of
Shoals
IN
7.25%,
11/01/2043
300‌
301‌
Iowa
-
0.72%
Iowa
Finance
Authority
5.00%,
12/01/2050
(d)
1,000‌
1,155‌
Kansas
-
0.64%
City
of
Wichita
KS
6.00%,
05/15/2054
1,000‌
1,026‌
Kentucky
-
0.62%
City
of
Henderson
KY
4.45%,
01/01/2042
(a)
1,000‌
993‌
Louisiana
-
4.06%
Louisiana
Local
Government
Environmental
Facilities
&
Community
Development
Authority
3.50%,
11/01/2032
1,000‌
980‌
4.40%,
11/01/2044
(a)
805‌
811‌
5.50%,
11/01/2039
(a)
500‌
526‌
5.65%,
11/01/2037
(a)
800‌
853‌
Schedule
of
Investments
Opportunistic
Municipal
Fund
November
30,
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
(b)
$
278‌
$
—‌
Parish
of
St
James
LA
6.35%,
10/01/2040
(a)
3,000‌
3,317‌
$
6,487‌
Maine
-
0.21%
Finance
Authority
of
Maine
0.00%,
12/01/2051
(a),(b)
1,000‌
328‌
Maryland
-
0.66%
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
(b),(c)
1,500‌
455‌
$
1,055‌
Michigan
-
2.15%
City
of
Detroit
MI
5.00%,
04/01/2050
1,000‌
1,039‌
Michigan
State
Building
Authority
2.97%,
04/15/2059
(d)
1,440‌
1,440‌
Michigan
Strategic
Fund
5.00%,
11/15/2049
1,000‌
961‌
$
3,440‌
Montana
-
1.75%
City
of
Kalispell
MT
5.25%,
05/15/2037
1,400‌
1,329‌
County
of
Gallatin
MT
4.00%,
10/15/2051
(a)
2,000‌
1,461‌
$
2,790‌
Nevada
-
1.47%
Las
Vegas
Convention
&
Visitors
Authority
5.00%,
07/01/2043
(e)
2,000‌
2,090‌
State
of
Nevada
Department
of
Business
&
Industry
0.00%,
12/15/2037
(a),(b)
864‌
252‌
$
2,342‌
New
Hampshire
-
1.33%
New
Hampshire
Business
Finance
Authority
4.38%,
09/20/2036
969‌
978‌
New
Hampshire
Health
and
Education
Facilities
Authority
Act
(credit
support
from
Build
America
Mutual
Assurance
Corp
-
Transfer
Custodial
Receipt
)
5.00%,
08/01/2059
(c)
1,000‌
1,145‌
$
2,123‌
New
Jersey
-
1.33%
New
Jersey
Transportation
Trust
Fund
Authority
5.25%,
06/15/2050
1,000‌
1,103‌
South
Jersey
Port
Corp
5.00%,
01/01/2042
1,000‌
1,025‌
$
2,128‌
New
York
-
15.97%
New
York
City
Transitional
Finance
Authority
5.50%,
05/01/2042
1,000‌
1,166‌
New
York
Liberty
Development
Corp
5.25%,
10/01/2035
1,300‌
1,517‌
New
York
State
Dormitory
Authority
5.00%,
10/01/2050
(e)
1,000‌
1,211‌
5.25%,
10/01/2049
2,000‌
2,151‌
5.50%,
05/01/2049
1,250‌
1,375‌
5.50%,
05/01/2056
1,950‌
2,133‌
New
York
State
Environmental
Facilities
Corp
5.12%,
09/01/2050
(a),(d)
1,000‌
1,062‌
New
York
Transportation
Development
Corp
4.00%,
10/31/2041
1,000‌
942‌
5.00%,
01/01/2034
1,000‌
1,030‌
5.38%,
08/01/2036
1,050‌
1,107‌
5.63%,
04/01/2040
1,000‌
1,082‌
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
New
York
(continued)
New
York
Transportation
Development
Corp  
(continued)
6.00%,
06/30/2054
$
1,100‌
$
1,200‌
New
York
Transportation
Development
Corp
(credit
support
from
Assured
Guaranty
Municipal
Corp
)
5.50%,
06/30/2044
(c)
500‌
544‌
Oneida
Indian
Nation
of
New
York
6.00%,
09/01/2043
(a)
3,000‌
3,314‌
Suffolk
Regional
Off-Track
Betting
Co
6.00%,
12/01/2053
3,000‌
3,148‌
Westchester
County
Local
Development
Corp
6.25%,
11/01/2052
1,000‌
1,142‌
Western
Regional
Off-Track
Betting
Corp
4.13%,
12/01/2041
(a)
1,500‌
1,392‌
$
25,516‌
Ohio
-
5.38%
Buckeye
Tobacco
Settlement
Financing
Authority
5.00%,
06/01/2055
3,500‌
3,205‌
Cleveland-Cuyahoga
County
Port
Authority
4.00%,
12/01/2055
(a)
900‌
765‌
4.50%,
12/01/2055
(a)
1,300‌
1,150‌
Ohio
Air
Quality
Development
Authority
4.50%,
01/15/2048
(a)
1,000‌
985‌
State
of
Ohio
3.15%,
01/15/2045
(d)
2,500‌
2,500‌
$
8,605‌
Oklahoma
-
0.63%
Tulsa
County
Industrial
Authority
5.25%,
11/15/2045
1,000‌
1,012‌
Pennsylvania
-
2.49%
Lancaster
County
Hospital
Authority/PA
5.00%,
07/01/2045
1,000‌
1,003‌
Pennsylvania
Economic
Development
Financing
Authority
5.50%,
11/01/2044
1,000‌
1,004‌
Philadelphia
Authority
for
Industrial
Development
4.00%,
07/01/2049
2,000‌
1,966‌
$
3,973‌
Puerto
Rico
-
2.64%
Commonwealth
of
Puerto
Rico
0.00%,
07/01/2033
(b)
133‌
92‌
0.00%,
11/01/2043
(b),(d)
426‌
263‌
4.00%,
07/01/2033
1,500‌
1,494‌
4.00%,
07/01/2037
80‌
78‌
4.00%,
07/01/2041
108‌
104‌
4.00%,
07/01/2046
113‌
108‌
5.38%,
07/01/2025
58‌
58‌
5.63%,
07/01/2029
112‌
121‌
5.75%,
07/01/2031
109‌
122‌
Puerto
Rico
Industrial
Tourist
Educational
Medical
&
Envirml
Ctl
Facs
Fing
Auth
6.75%,
01/01/2045
1,480‌
1,785‌
$
4,225‌
South
Carolina
-
0.60%
South
Carolina
Jobs-Economic
Development
Authority
0.00%,
06/01/2040
(a),(b)
1,000‌
150‌
0.00%,
06/01/2051
(a),(b)
2,000‌
300‌
5.25%,
11/15/2052
500‌
503‌
$
953‌
South
Dakota
-
0.31%
Oglala
Sioux
Tribe
5.75%,
10/01/2025
(a)
500‌
494‌
Schedule
of
Investments
Opportunistic
Municipal
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
110
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Tennessee
-
2.01%
Chattanooga
Health
Educational
&
Housing
Facility
Board
5.00%,
10/01/2028
$
1,050‌
$
1,060‌
5.00%,
10/01/2035
500‌
503‌
Metropolitan
Government
Nashville
&
Davidson
County
Industrial
Development
Board
4.00%,
06/01/2051
(a)
1,000‌
889‌
Nashville
Metropolitan
Development
&
Housing
Agency
5.13%,
06/01/2036
(a)
750‌
765‌
$
3,217‌
Texas
-
4.93%
City
of
Houston
TX
Airport
System
Revenue
4.00%,
07/01/2041
1,000‌
954‌
4.00%,
07/15/2041
500‌
477‌
5.50%,
07/15/2039
(f)
1,500‌
1,619‌
Port
of
Beaumont
Navigation
District
4.00%,
01/01/2050
(a)
3,000‌
2,606‌
5.13%,
01/01/2044
(a)
1,000‌
1,037‌
5.25%,
01/01/2054
(a)
505‌
525‌
Texas
Municipal
Gas
Acquisition
and
Supply
Corp
I
6.25%,
12/15/2026
650‌
667‌
$
7,885‌
Utah
-
0.81%
Utah
Infrastructure
Agency
5.25%,
10/15/2033
1,250‌
1,297‌
Virginia
-
1.21%
Virginia
Beach
Development
Authority
7.00%,
09/01/2059
1,000‌
1,141‌
Virginia
Small
Business
Financing
Authority
4.00%,
01/01/2039
800‌
787‌
$
1,928‌
Wisconsin
-
1.73%
Public
Finance
Authority
5.00%,
09/01/2039
(a)
1,000‌
1,013‌
5.00%,
06/01/2041
(a)
1,000‌
1,034‌
Wisconsin
Health
&
Educational
Facilities
Authority
6.50%,
07/01/2033
300‌
278‌
7.00%,
07/01/2043
500‌
441‌
$
2,766‌
TOTAL
MUNICIPAL
BONDS
$
168,259‌
Total
Investments
$
168,450‌
Liability
for
Floating
Rate
Notes
Issued
in
Conjunction
with
Securities
Held
-
(5.92)%
Notes
with
interest
rates
of
2.89%
-3.04%
at
November
30,
2024
and
contractual
maturity
of
collateral
from
2025-2045.
(g)
$
(9,463‌)
(9,463‌)
Total
Net
Investments
$
158,987‌
Other
Assets
and
Liabilities
-  0.51%
821‌
TOTAL
NET
ASSETS
-
100.00%
$
159,808‌
(a)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$59,379
or
37.16%
of
net
assets.
(b)
Non-income
producing
security
(c)
Credit
support
indicates
investments
that
benefit
from
credit
enhancement
or
liquidity
support
provided
by
a
third
party
bank,
institution,
or
government
agency.
(d)
Certain
variable
rate
securities
are
not
based
on
a
published
reference
rate
and
spread
but
are
determined
by
the
issuer
or
agent
and
are
based
on
current
market
conditions.  These
securities
do
not
indicate
a
reference
rate
and
spread
in
their
description.
Rate
shown
is
the
rate
in
effect
as
of
period
end.
(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
November
30,
2024.
Schedule
of
Investments
Origin
Emerging
Markets
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
111
INVESTMENT
COMPANIES
-
0
.79
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
0
.79
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
4.54%
(a),(b)
4‌
$
—‌
Principal
Government
Money
Market
Fund
-
Class
R-6
4.53%
(a),(c)
1,758,875‌
1,759‌
$
1,759‌
TOTAL
INVESTMENT
COMPANIES
$
1,759‌
COMMON
STOCKS
-
99
.34
%
Shares
Held
Value
(000's)
Aerospace
&
Defense
-
3
.13
%
Bharat
Electronics
Ltd
1,232,000‌
$
4,507‌
Hanwha
Systems
Co
Ltd
150,100‌
2,494‌
$
7,001‌
Airlines
-
0
.43
%
Turk
Hava
Yollari
AO
(d)
116,100‌
954‌
Apparel
-
0
.57
%
Huali
Industrial
Group
Co
Ltd
121,900‌
1,273‌
Automobile
Manufacturers
-
6
.83
%
Ashok
Leyland
Ltd
779,800‌
2,147‌
Hyundai
Motor
Co
17,700‌
2,790‌
Kia
Corp
69,800‌
4,674‌
Mahindra
&
Mahindra
Ltd
111,300‌
3,921‌
Maruti
Suzuki
India
Ltd
13,200‌
1,734‌
$
15,266‌
Banks
-
17
.21
%
Agricultural
Bank
of
China
Ltd
5,147,100‌
2,578‌
Akbank
TAS
1,410,100‌
2,476‌
Alinma
Bank
201,400‌
1,489‌
Axis
Bank
Ltd
84,800‌
1,144‌
Bank
Polska
Kasa
Opieki
SA
46,500‌
1,554‌
Canara
Bank
1,371,100‌
1,661‌
China
Construction
Bank
Corp
2,581,700‌
1,952‌
Federal
Bank
Ltd
449,800‌
1,125‌
Grupo
Financiero
Banorte
SAB
de
CV
146,537‌
983‌
Hana
Financial
Group
Inc
30,600‌
1,372‌
ICICI
Bank
Ltd
475,800‌
7,321‌
National
Bank
of
Greece
SA
315,347‌
2,226‌
Nedbank
Group
Ltd
134,700‌
2,168‌
OTP
Bank
Nyrt
24,500‌
1,328‌
Powszechna
Kasa
Oszczednosci
Bank
Polski
SA
86,200‌
1,188‌
Sberbank
of
Russia
PJSC
ADR
(d)
3,419,500‌
—‌
State
Bank
of
India
649,401‌
6,463‌
Woori
Financial
Group
Inc
120,500‌
1,447‌
$
38,475‌
Beverages
-
0
.55
%
Eastroc
Beverage
Group
Co
Ltd
41,100‌
1,219‌
Coal
-
1
.32
%
Coal
India
Ltd
396,400‌
1,961‌
Shaanxi
Coal
Industry
Co
Ltd
308,900‌
999‌
$
2,960‌
Commercial
Services
-
0
.80
%
Adani
Ports
&
Special
Economic
Zone
Ltd
125,800‌
1,778‌
Computers
-
2
.33
%
Asia
Vital
Components
Co
Ltd
171,100‌
3,436‌
Infosys
Ltd
80,500‌
1,775‌
$
5,211‌
Distribution
&
Wholesale
-
2
.07
%
Pop
Mart
International
Group
Ltd
(e)
308,000‌
3,575‌
Zhongji
Innolight
Co
Ltd
60,100‌
1,060‌
$
4,635‌
Diversified
Financial
Services
-
6
.02
%
CTBC
Financial
Holding
Co
Ltd
2,350,000‌
2,715‌
Fubon
Financial
Holding
Co
Ltd
1,136,500‌
3,097‌
KB
Financial
Group
Inc
27,900‌
1,927‌
LIC
Housing
Finance
Ltd
148,600‌
1,127‌
REC
Ltd
244,600‌
1,546‌
Shriram
Finance
Ltd
50,300‌
1,800‌
Yuanta
Financial
Holding
Co
Ltd
1,210,920‌
1,244‌
$
13,456‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Electrical
Components
&
Equipment
-
1
.55
%
Delta
Electronics
Inc
221,500‌
$
2,626‌
Sieyuan
Electric
Co
Ltd
77,170‌
829‌
$
3,455‌
Electronics
-
1
.51
%
Lotes
Co
Ltd
40,400‌
2,250‌
WUS
Printed
Circuit
Kunshan
Co
Ltd
215,995‌
1,116‌
$
3,366‌
Food
-
2
.50
%
BIM
Birlesik
Magazalar
AS
242,800‌
3,319‌
BRF
SA
313,500‌
1,287‌
JBS
S/A
159,600‌
980‌
$
5,586‌
Healthcare
-
Products
-
0
.56
%
APT
Medical
Inc
25,050‌
1,259‌
Healthcare
-
Services
-
0
.39
%
Bumrungrad
Hospital
PCL
142,900‌
868‌
Home
Furnishings
-
1
.82
%
Anker
Innovations
Technology
Co
Ltd
88,971‌
1,013‌
Beijing
Roborock
Technology
Co
Ltd
28,600‌
853‌
Gree
Electric
Appliances
Inc
of
Zhuhai
202,700‌
1,181‌
Midea
Group
Co
Ltd
104,200‌
1,013‌
$
4,060‌
Insurance
-
1
.56
%
Cathay
Financial
Holding
Co
Ltd
956,800‌
1,946‌
Powszechny
Zaklad
Ubezpieczen
SA
142,400‌
1,553‌
$
3,499‌
Internet
-
10
.15
%
Meituan
(d),(e)
125,100‌
2,639‌
PDD
Holdings
Inc
ADR
(d)
9,976‌
963‌
Tencent
Holdings
Ltd
302,982‌
15,647‌
Tencent
Music
Entertainment
Group
ADR
135,000‌
1,540‌
Trip.com
Group
Ltd
ADR
(d)
29,600‌
1,914‌
$
22,703‌
Investment
Companies
-
0
.70
%
SK
Square
Co
Ltd
(d)
29,200‌
1,562‌
Leisure
Products
&
Services
-
2
.41
%
Eicher
Motors
Ltd
38,500‌
2,205‌
Hero
MotoCorp
Ltd
27,500‌
1,553‌
TVS
Motor
Co
Ltd
56,100‌
1,621‌
$
5,379‌
Machinery
-
Construction
&
Mining
-
1
.49
%
HD
Hyundai
Electric
Co
Ltd
13,100‌
3,328‌
Metal
Fabrication
&
Hardware
-
0
.98
%
King
Slide
Works
Co
Ltd
48,100‌
2,189‌
Mining
-
1
.47
%
China
Hongqiao
Group
Ltd
1,410,000‌
2,071‌
GMK
Norilskiy
Nickel
PAO
6,713,400‌
—‌
Zijin
Mining
Group
Co
Ltd
632,500‌
1,226‌
$
3,297‌
Miscellaneous
Manufacturers
-
1
.40
%
Elite
Material
Co
Ltd
138,300‌
2,012‌
Hyundai
Rotem
Co
Ltd
30,800‌
1,125‌
$
3,137‌
Oil
&
Gas
-
4
.10
%
Bharat
Petroleum
Corp
Ltd
604,200‌
2,099‌
Gazprom
PJSC
(d)
4,086,000‌
—‌
LUKOIL
PJSC
338,000‌
—‌
Novatek
PJSC
1,026,000‌
—‌
Oil
India
Ltd
217,300‌
1,266‌
PetroChina
Co
Ltd
2,107,200‌
1,500‌
Reliance
Industries
Ltd
281,000‌
4,312‌
$
9,177‌
Semiconductors
-
16
.39
%
MediaTek
Inc
87,400‌
3,431‌
Samsung
Electronics
Co
Ltd
66,749‌
2,625‌
SK
Hynix
Inc
29,300‌
3,421‌
Schedule
of
Investments
Origin
Emerging
Markets
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
112
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Semiconductors
(continued)
Taiwan
Semiconductor
Manufacturing
Co
Ltd
872,156‌
$
27,177‌
$
36,654‌
Software
-
0
.85
%
Krafton
Inc
(d)
8,500‌
1,910‌
Telecommunications
-
5
.36
%
Bharti
Airtel
Ltd
107,200‌
2,070‌
Eoptolink
Technology
Inc
Ltd
62,578‌
999‌
Indus
Towers
Ltd
(d)
273,500‌
1,135‌
Suzhou
TFC
Optical
Communication
Co
Ltd
101,600‌
1,457‌
Xiaomi
Corp
(d),(e)
1,758,000‌
6,327‌
$
11,988‌
Transportation
-
2
.40
%
COSCO
SHIPPING
Holdings
Co
Ltd
667,900‌
937‌
Evergreen
Marine
Corp
Taiwan
Ltd
456,500‌
3,067‌
Jiayou
International
Logistics
Co
Ltd
478,480‌
1,367‌
$
5,371‌
Water
-
0
.49
%
Cia
de
Saneamento
Basico
do
Estado
de
Sao
Paulo
SABESP
71,637‌
1,092‌
TOTAL
COMMON
STOCKS
$
222,108‌
PREFERRED
STOCKS
-
0
.49
%
Shares
Held
Value
(000's)
Banks
-
0
.49
%
Itau
Unibanco
Holding
SA
1.13%
202,700‌
$
1,091‌
TOTAL
PREFERRED
STOCKS
$
1,091‌
Total
Investments
$
224,958‌
Other
Assets
and
Liabilities
-  (0.62)%
(
1,380‌
)
TOTAL
NET
ASSETS
-
100.00%
$
223,578‌
(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
$0
or
0.00%
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
$12,541
or
5.61%
of
net
assets.
Affiliated
Securities
August
31,
2024
Purchases
Sales
November
30,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
4.53%
$
4‌
$
265,272‌
$
263,517‌
$
1,759‌
$
4‌
$
265,272‌
$
263,517‌
$
1,759‌
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
4.53%
$
57‌
$
—‌
$
—‌
$
—‌
$
57‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
Small-MidCap
Dividend
Income
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
113
INVESTMENT
COMPANIES
-
1
.87
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
1
.87
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
4.54%
(a),(b)
273,573‌
$
274‌
Principal
Government
Money
Market
Fund
-
Class
R-6
4.53%
(a),(c)
34,497,031‌
34,497‌
$
34,771‌
TOTAL
INVESTMENT
COMPANIES
$
34,771‌
COMMON
STOCKS
-
98
.08
%
Shares
Held
Value
(000's)
Advertising
-
1
.51
%
Interpublic
Group
of
Cos
Inc/The
907,651‌
$
27,965‌
Automobile
Parts
&
Equipment
-
1
.32
%
Linamar
Corp
(d)
560,248‌
24,598‌
Banks
-
9
.53
%
Cullen/Frost
Bankers
Inc
303,086‌
42,620‌
East
West
Bancorp
Inc
518,184‌
56,834‌
ServisFirst
Bancshares
Inc
368,248‌
35,271‌
Wintrust
Financial
Corp
307,315‌
42,413‌
$
177,138‌
Building
Materials
-
1
.07
%
Owens
Corning
97,045‌
19,954‌
Chemicals
-
2
.16
%
Huntsman
Corp
696,962‌
13,647‌
RPM
International
Inc
191,485‌
26,574‌
$
40,221‌
Computers
-
3
.66
%
Amdocs
Ltd
374,355‌
32,464‌
Leidos
Holdings
Inc
214,370‌
35,457‌
$
67,921‌
Consumer
Products
-
1
.69
%
Avery
Dennison
Corp
138,162‌
28,454‌
WD-40
Co
10,473‌
2,902‌
$
31,356‌
Distribution
&
Wholesale
-
1
.20
%
LKQ
Corp
569,616‌
22,380‌
Diversified
Financial
Services
-
8
.46
%
Air
Lease
Corp
167,989‌
8,551‌
Federal
Agricultural
Mortgage
Corp
157,397‌
33,599‌
Hamilton
Lane
Inc
180,276‌
34,685‌
Jefferies
Financial
Group
Inc
617,330‌
48,855‌
Raymond
James
Financial
Inc
185,861‌
31,463‌
$
157,153‌
Electric
-
3
.32
%
Alliant
Energy
Corp
385,218‌
24,346‌
IDACORP
Inc
215,563‌
25,538‌
NRG
Energy
Inc
116,878‌
11,876‌
$
61,760‌
Electrical
Components
&
Equipment
-
1
.70
%
Energizer
Holdings
Inc
279,033‌
10,634‌
Littelfuse
Inc
84,975‌
20,961‌
$
31,595‌
Electronics
-
3
.25
%
Hubbell
Inc
60,912‌
28,025‌
nVent
Electric
PLC
414,233‌
32,439‌
$
60,464‌
Engineering
&
Construction
-
0
.97
%
Comfort
Systems
USA
Inc
36,666‌
18,086‌
Food
-
2
.29
%
Ingredion
Inc
288,708‌
42,538‌
Gas
-
1
.77
%
NiSource
Inc
861,319‌
32,808‌
Hand
&
Machine
Tools
-
4
.35
%
Lincoln
Electric
Holdings
Inc
105,447‌
23,038‌
MSA
Safety
Inc
145,352‌
25,264‌
Snap-on
Inc
87,753‌
32,441‌
$
80,743‌
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Healthcare
-
Products
-
2
.51
%
CONMED
Corp
225,442‌
$
16,692‌
STERIS
PLC
136,507‌
29,903‌
$
46,595‌
Healthcare
-
Services
-
3
.51
%
Concentra
Group
Holdings
Parent
Inc
702,446‌
15,327‌
Quest
Diagnostics
Inc
193,343‌
31,449‌
Select
Medical
Holdings
Corp
870,473‌
18,376‌
$
65,152‌
Home
Builders
-
1
.66
%
LCI
Industries
254,797‌
30,782‌
Insurance
-
6
.34
%
Assured
Guaranty
Ltd
321,439‌
29,984‌
Equitable
Holdings
Inc
864,524‌
41,696‌
F&G
Annuities
&
Life
Inc
57,677‌
2,787‌
Fidelity
National
Financial
Inc
617,529‌
39,145‌
Kinsale
Capital
Group
Inc
8,107‌
4,122‌
$
117,734‌
Iron
&
Steel
-
0
.94
%
Reliance
Inc
54,344‌
17,458‌
Leisure
Products
&
Services
-
3
.32
%
Acushnet
Holdings
Corp
382,155‌
27,939‌
Brunswick
Corp/DE
419,272‌
33,756‌
$
61,695‌
Lodging
-
1
.03
%
Hyatt
Hotels
Corp
120,964‌
19,105‌
Machinery
-
Diversified
-
4
.27
%
AGCO
Corp
298,036‌
30,164‌
Crane
Co
143,673‌
26,160‌
Nordson
Corp
87,981‌
22,962‌
$
79,286‌
Metal
Fabrication
&
Hardware
-
1
.36
%
Timken
Co/The
326,396‌
25,279‌
Miscellaneous
Manufacturers
-
0
.80
%
Donaldson
Co
Inc
189,777‌
14,812‌
Oil
&
Gas
-
3
.39
%
Diamondback
Energy
Inc
44,876‌
7,970‌
HF
Sinclair
Corp
439,395‌
17,985‌
Magnolia
Oil
&
Gas
Corp
592,081‌
16,424‌
Permian
Resources
Corp
1,318,976‌
20,655‌
$
63,034‌
Packaging
&
Containers
-
2
.25
%
Packaging
Corp
of
America
168,347‌
41,893‌
Pipelines
-
2
.40
%
Targa
Resources
Corp
218,595‌
44,659‌
REITs
-
9
.89
%
Agree
Realty
Corp
411,296‌
31,588‌
BXP
Inc
245,808‌
20,154‌
Camden
Property
Trust
145,703‌
18,329‌
Cousins
Properties
Inc
681,669‌
21,636‌
EastGroup
Properties
Inc
119,605‌
20,597‌
Essential
Properties
Realty
Trust
Inc
764,569‌
26,072‌
Four
Corners
Property
Trust
Inc
656,010‌
19,490‌
Regency
Centers
Corp
167,875‌
12,690‌
Terreno
Realty
Corp
217,599‌
13,193‌
$
183,749‌
Retail
-
2
.55
%
Williams-Sonoma
Inc
275,574‌
47,404‌
Semiconductors
-
3
.14
%
Amkor
Technology
Inc
845,856‌
22,364‌
MKS
Instruments
Inc
316,900‌
36,013‌
$
58,377‌
Shipbuilding
-
0
.47
%
Huntington
Ingalls
Industries
Inc
44,216‌
8,751‌
TOTAL
COMMON
STOCKS
$
1,822,445‌
Total
Investments
$
1,857,216‌
Other
Assets
and
Liabilities
-  0.05%
856‌
TOTAL
NET
ASSETS
-
100.00%
$
1,858,072‌
Schedule
of
Investments
Small-MidCap
Dividend
Income
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
114
(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
$274
or
0.01%
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)
Security
or
a
portion
of
the
security
was
on
loan.  At
the
end
of
the
period,
the
value
of
these
securities
totaled
$264
or
0.01%
of
net
assets.
Affiliated
Securities
August
31,
2024
Purchases
Sales
November
30,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
4.53%
$
30,655‌
$
253,785‌
$
249,943‌
$
34,497‌
$
30,655‌
$
253,785‌
$
249,943‌
$
34,497‌
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
4.53%
$
452‌
$
—‌
$
—‌
$
—‌
$
452‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
Spectrum
Preferred
and
Capital
Securities
Income
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
115
INVESTMENT
COMPANIES
-
3
.14
%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0
.78
%
Invesco
Preferred
ETF
(a)
3,285,423‌
$
39,359‌
iShares
Preferred
and
Income
Securities
ETF
(a)
269,150‌
8,869‌
$
48,228‌
Money
Market
Funds
-
2
.36
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
4.54%
(b),(c)
51,725,623‌
51,726‌
Principal
Government
Money
Market
Fund
-
Class
R-6
4.53%
(b),(c),(d)
93,275,810‌
93,276‌
$
145,002‌
TOTAL
INVESTMENT
COMPANIES
$
193,230‌
CONVERTIBLE
PREFERRED
STOCKS
-
0
.05
%
Shares
Held
Value
(000's)
Banks
-
0
.05
%
Wells
Fargo
&
Co
7.50%
(e)
2,374‌
$
2,898‌
TOTAL
CONVERTIBLE
PREFERRED
STOCKS
$
2,898‌
PREFERRED
STOCKS
-
7
.92
%
Shares
Held
Value
(000's)
Banks
-
3
.24
%
Bank
of
America
Corp
4.25%,
11/17/2026
(e)
7,500‌
$
140‌
Bank
of
America
Corp
4.38%,
11/03/2025
(a),(e)
293,847‌
5,721‌
Bank
of
America
Corp
5.43%,
01/02/2025
(e)
202,994‌
4,681‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.91%
Citizens
Financial
Group
Inc
5.00%,
01/06/2025
(e)
15,373‌
329‌
Citizens
Financial
Group
Inc
7.38%,
07/06/2029
(a),(e)
677,000‌
18,469‌
Cullen/Frost
Bankers
Inc
4.45%,
12/15/2025
(e)
298,372‌
5,788‌
First
Horizon
Corp
4.70%,
07/10/2026
(e)
1,388‌
26‌
First
Horizon
Corp
6.50%,
10/10/2025
(e)
4,128‌
99‌
First
Horizon
Corp
6.63%,
08/01/2025
(e)
13,646‌
347‌
3
Month
USD
LIBOR
+
4.26%
Goldman
Sachs
Group
Inc/The
5.45%,
01/02/2025
(e)
31,810‌
756‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.93%
Huntington
Bancshares
Inc/OH
5.70%,
03/01/2025
(e)
19,328‌
464‌
Huntington
Bancshares
Inc/OH
6.88%,
04/15/2028
(a),(e)
48,664‌
1,288‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.70%
JPMorgan
Chase
&
Co
4.75%,
03/01/2025
(a),(e)
213,487‌
4,714‌
JPMorgan
Chase
&
Co
5.75%,
03/01/2025
(e)
22,832‌
572‌
KeyCorp
5.65%,
03/15/2025
(e)
67,434‌
1,621‌
KeyCorp
6.13%,
12/15/2026
(e)
725,323‌
18,612‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.15%
KeyCorp
6.20%,
12/15/2027
(e)
391,823‌
9,991‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.13%
M&T
Bank
Corp
5.63%,
12/15/2026
(e)
27,698‌
710‌
3
Month
USD
LIBOR
+
4.02%
M&T
Bank
Corp
7.50%,
06/15/2029
(a),(e)
224,859‌
6,181‌
Morgan
Stanley
4.25%,
01/15/2027
(e)
45,205‌
869‌
Morgan
Stanley
5.85%,
04/15/2027
(e)
649,481‌
16,192‌
3
Month
USD
LIBOR
+
3.49%
Morgan
Stanley
6.50%,
10/15/2027
(e)
447,983‌
11,688‌
Morgan
Stanley
6.63%,
10/15/2029
(a),(e)
691,632‌
18,335‌
Northern
Trust
Corp
4.70%,
04/01/2025
(e)
206,006‌
4,514‌
Regions
Financial
Corp
4.45%,
06/15/2026
(a),(e)
286,305‌
5,720‌
Regions
Financial
Corp
5.70%,
05/15/2029
(e)
337,421‌
8,496‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.41%
Regions
Financial
Corp
6.95%,
09/15/2029
(e)
850,563‌
22,455‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.77%
Truist
Financial
Corp
4.75%,
09/01/2025
(e)
462,909‌
9,744‌
US
Bancorp
4.00%,
04/15/2026
(e)
55,016‌
1,025‌
US
Bancorp
5.50%,
01/02/2025
(a),(e)
152,583‌
3,833‌
PREFERRED
STOCKS
(continued)
Shares
Held
Value
(000’s)
Banks
(continued)
US
Bancorp
5.52%,
01/02/2025
(a),(e)
232,643‌
$
5,369‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.86%
Webster
Financial
Corp
5.25%,
01/02/2025
(e)
194,856‌
4,079‌
Webster
Financial
Corp
6.50%,
12/31/2024
(a),(e)
37,427‌
932‌
Wells
Fargo
&
Co
4.25%,
09/15/2026
(e)
4,633‌
88‌
Wells
Fargo
&
Co
4.38%,
03/15/2026
(e)
25,297‌
486‌
Wells
Fargo
&
Co
4.70%,
12/15/2025
(e)
59,138‌
1,196‌
Wells
Fargo
&
Co
4.75%,
03/15/2025
(e)
113,015‌
2,299‌
Wells
Fargo
&
Co
5.63%,
03/15/2025
(e)
48,420‌
1,195‌
$
199,024‌
Diversified
Financial
Services
-
0
.53
%
Affiliated
Managers
Group
Inc
4.20%,
09/30/2061
160,526‌
2,793‌
Affiliated
Managers
Group
Inc
4.75%,
09/30/2060
9,003‌
178‌
Affiliated
Managers
Group
Inc
5.88%,
03/30/2059
(a)
146,158‌
3,457‌
Capital
One
Financial
Corp
4.25%,
09/01/2026
(e)
103,648‌
1,888‌
Capital
One
Financial
Corp
4.80%,
06/01/2025
(e)
299,341‌
5,975‌
Capital
One
Financial
Corp
5.00%,
03/01/2025
(e)
250,914‌
5,267‌
Stifel
Financial
Corp
4.50%,
08/15/2026
(e)
558,669‌
11,307‌
Stifel
Financial
Corp
5.20%,
10/15/2047
4,481‌
100‌
Stifel
Financial
Corp
6.13%,
06/15/2025
(a),(e)
5,362‌
136‌
Voya
Financial
Inc
5.35%,
09/15/2029
(e)
59,515‌
1,505‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.21%
$
32,606‌
Electric
-
0
.75
%
CMS
Energy
Corp
4.20%,
07/15/2026
(e)
1,541‌
30‌
CMS
Energy
Corp
5.88%,
03/01/2079
112,298‌
2,731‌
CMS
Energy
Corp
5.88%,
10/15/2078
(a)
4,626‌
114‌
DTE
Energy
Co
4.38%,
12/01/2081
242,879‌
4,712‌
DTE
Energy
Co
5.25%,
12/01/2077
381,382‌
8,764‌
Entergy
Arkansas
LLC
4.88%,
09/01/2066
50,980‌
1,124‌
Entergy
Louisiana
LLC
4.88%,
09/01/2066
125,440‌
2,760‌
Entergy
Texas
Inc
5.38%,
01/02/2025
(a),(e)
42,934‌
1,066‌
Georgia
Power
Co
5.00%,
10/01/2077
178,017‌
4,082‌
NextEra
Energy
Capital
Holdings
Inc
5.65%,
03/01/2079
98,197‌
2,393‌
Southern
Co/The
4.95%,
01/30/2080
246,842‌
5,398‌
Southern
Co/The
5.25%,
12/01/2077
552,715‌
12,812‌
$
45,986‌
Food
-
0
.38
%
Dairy
Farmers
of
America
Inc
7.88%,
12/01/2025
(e),(f)
236,300‌
23,157‌
Gas
-
0
.00
%
Spire
Inc
5.90%,
01/02/2025
(e)
5,031‌
124‌
Insurance
-
1
.10
%
Allstate
Corp/The
4.75%,
01/15/2025
(e)
135,447‌
2,869‌
Allstate
Corp/The
5.10%,
01/15/2025
(e)
47,311‌
1,078‌
Allstate
Corp/The
7.38%,
07/15/2028
(a),(e)
240,762‌
6,565‌
Allstate
Corp/The
8.08%,
01/15/2053
223,696‌
5,914‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.43%
American
Financial
Group
Inc/OH
4.50%,
09/15/2060
92,709‌
1,835‌
American
Financial
Group
Inc/OH
5.63%,
06/01/2060
126,116‌
3,076‌
American
Financial
Group
Inc/OH
5.88%,
03/30/2059
(a)
93,043‌
2,319‌
Arch
Capital
Group
Ltd
4.55%,
06/11/2026
(e)
119,912‌
2,391‌
Arch
Capital
Group
Ltd
5.45%,
01/01/2025
(e)
54,066‌
1,244‌
Assurant
Inc
5.25%,
01/15/2061
16,003‌
351‌
Corebridge
Financial
Inc
0.00%,
12/15/2064
(g)
40,000‌
993‌
Equitable
Holdings
Inc
4.30%,
03/15/2026
(e)
538,152‌
10,478‌
Equitable
Holdings
Inc
5.25%,
03/15/2025
(e)
461,567‌
10,593‌
Prudential
Financial
Inc
5.63%,
08/15/2058
169,114‌
4,229‌
Prudential
Financial
Inc
5.95%,
09/01/2062
(a)
166,789‌
4,340‌
RenaissanceRe
Holdings
Ltd
4.20%,
07/15/2026
(a),(e)
227,949‌
4,194‌
Schedule
of
Investments
Spectrum
Preferred
and
Capital
Securities
Income
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
116
PREFERRED
STOCKS
(continued)
Shares
Held
Value
(000’s)
Insurance
(continued)
RenaissanceRe
Holdings
Ltd
5.75%,
01/02/2025
(e)
22,952‌
$
561‌
W
R
Berkley
Corp
4.13%,
03/30/2061
78,852‌
1,513‌
W
R
Berkley
Corp
5.10%,
12/30/2059
150,258‌
3,429‌
$
67,972‌
REITs
-
1
.34
%
Digital
Realty
Trust
Inc
5.25%,
01/01/2025
(a),(e)
16,600‌
388‌
Digital
Realty
Trust
Inc
5.85%,
01/01/2025
(e)
30,820‌
769‌
Federal
Realty
Investment
Trust
5.00%,
01/01/2025
(e)
65,290‌
1,432‌
Kimco
Realty
Corp
5.13%,
01/02/2025
(e)
104,113‌
2,357‌
Kimco
Realty
Corp
5.25%,
01/02/2025
(e)
201,769‌
4,556‌
Prologis
Inc
8.54%,
11/13/2026
(e)
129,600‌
7,646‌
Public
Storage
3.88%,
10/06/2025
(e)
92,821‌
1,606‌
Public
Storage
3.90%,
11/17/2025
(e)
109,753‌
1,943‌
Public
Storage
3.95%,
08/17/2026
(e)
77,245‌
1,371‌
Public
Storage
4.00%,
06/16/2026
(e)
836,970‌
14,957‌
Public
Storage
4.00%,
11/19/2026
(e)
464,669‌
8,383‌
Public
Storage
4.10%,
01/13/2027
(a),(e)
117,583‌
2,189‌
Public
Storage
4.13%,
08/14/2025
(e)
484,779‌
9,114‌
Public
Storage
4.63%,
06/17/2025
(e)
326,228‌
6,727‌
Public
Storage
4.70%,
01/02/2025
(e)
304,291‌
6,420‌
Public
Storage
4.75%,
01/02/2025
(e)
263,124‌
5,670‌
Public
Storage
5.60%,
01/02/2025
(e)
267,813‌
6,618‌
$
82,146‌
Telecommunications
-
0
.58
%
AT&T
Inc
4.75%,
02/18/2025
(e)
1,747,182‌
35,241‌
AT&T
Inc
5.00%,
01/02/2025
(e)
12,144‌
260‌
$
35,501‌
TOTAL
PREFERRED
STOCKS
$
486,516‌
BONDS
-
89
.73
%
Principal
Amount
(000's)
Value
(000's)
Banks
-
59
.75
%
Australia
&
New
Zealand
Banking
Group
Ltd/
United
Kingdom
6.75%,
06/15/2026
(e),(f),(h),(i)
$
12,200‌
$
12,383‌
USD
Swap
Rate
NY
5
Year
+
5.17%
6.75%,
06/15/2026
(e),(h),(i)
2,700‌
2,740‌
USD
Swap
Rate
NY
5
Year
+
5.17%
Banco
Bilbao
Vizcaya
Argentaria
SA
6.13%,
11/16/2027
(e),(h),(i)
14,200‌
13,536‌
USD
Swap
Semi-Annual
5
Year
+
3.87%
6.50%,
03/05/2025
(e),(h),(i)
30,800‌
30,651‌
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
51,820‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.75%
8.00%,
02/01/2034
(e),(h),(i)
4,600‌
4,745‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.91%
9.63%,
11/21/2028
(e),(h),(i)
40,000‌
43,748‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.31%
9.63%,
05/21/2033
(e),(h),(i)
20,000‌
22,943‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.30%
Bank
of
America
Corp
4.38%,
01/27/2027
(e),(h)
21,620‌
20,873‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.76%
6.13%,
04/27/2027
(a),(e),(h)
48,736‌
49,808‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.23%
8.05%,
06/15/2027
6,312‌
6,760‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Bank
of
Montreal
7.30%,
11/26/2084
(h)
$
17,000‌
$
17,553‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.01%
7.70%,
05/26/2084
(h)
37,793‌
39,328‌
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
(a),(e),(h)
49,485‌
48,273‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.35%
3.75%,
12/20/2026
(e),(h)
58,050‌
55,547‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.63%
4.63%,
09/20/2026
(a),(e),(h)
7,650‌
7,501‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.39%
4.70%,
09/20/2025
(e),(h)
9,391‌
9,277‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.36%
Bank
of
Nova
Scotia/The
3.63%,
10/27/2081
(h)
14,445‌
13,321‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.61%
4.90%,
06/04/2025
(e),(h)
31,900‌
31,572‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.55%
8.00%,
01/27/2084
(h)
9,000‌
9,464‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.02%
8.63%,
10/27/2082
(h)
22,103‌
23,563‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.39%
Barclays
PLC
4.38%,
03/15/2028
(e),(h),(i)
20,900‌
18,704‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.41%
6.13%,
12/15/2025
(e),(h),(i)
25,000‌
24,967‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.87%
8.00%,
03/15/2029
(e),(h),(i)
3,600‌
3,736‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.43%
9.63%,
12/15/2029
(a),(e),(h),(i)
50,400‌
55,561‌
USD
Secured
Overnight
Financing
Rate
ICE
Swap
Rate
5
Year
+
5.78%
BNP
Paribas
SA
4.50%,
02/25/2030
(e),(f),(h),(i)
10,000‌
8,467‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.94%
4.63%,
01/12/2027
(e),(f),(h),(i)
3,200‌
3,004‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.20%
4.63%,
02/25/2031
(e),(f),(h),(i)
4,100‌
3,447‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.34%
7.38%,
08/19/2025
(e),(f),(h),(i)
1,600‌
1,606‌
USD
Swap
Semi-Annual
5
Year
+
5.15%
7.38%,
09/10/2034
(e),(f),(h),(i)
25,000‌
25,058‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.54%
7.38%,
08/19/2025
(e),(h),(i)
26,000‌
26,094‌
USD
Swap
Semi-Annual
5
Year
+
5.15%
7.75%,
08/16/2029
(e),(f),(h),(i)
52,000‌
53,421‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.90%
Schedule
of
Investments
Spectrum
Preferred
and
Capital
Securities
Income
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
117
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
BNP
Paribas
SA
(continued)
7.75%,
08/16/2029
(e),(h),(i)
$
10,048‌
$
10,322‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.90%
8.00%,
08/22/2031
(e),(f),(h),(i)
15,000‌
15,429‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.73%
8.50%,
08/14/2028
(e),(f),(h),(i)
64,300‌
67,020‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.35%
9.25%,
11/17/2027
(e),(f),(h),(i)
6,000‌
6,449‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.97%
9.25%,
11/17/2027
(e),(h),(i)
8,600‌
9,244‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.97%
Canadian
Imperial
Bank
of
Commerce
6.95%,
01/28/2085
(h)
13,600‌
13,612‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.83%
Citigroup
Capital
III
7.63%,
12/01/2036
3,300‌
3,631‌
Citigroup
Inc
3.88%,
02/18/2026
(e),(h)
69,500‌
67,181‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.42%
4.00%,
12/10/2025
(e),(h)
35,990‌
35,141‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.60%
6.25%,
08/15/2026
(e),(h)
71,997‌
72,588‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.78%
6.75%,
02/15/2030
(e),(h),(j)
4,500‌
4,485‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.57%
7.00%,
08/15/2034
(a),(e),(h)
22,900‌
24,085‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
10
Year
+
2.76%
7.38%,
05/15/2028
(e),(h)
24,600‌
25,776‌
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)
33,819‌
32,121‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.22%
5.65%,
10/06/2025
(a),(e),(h)
72,996‌
72,536‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.31%
7.85%,
01/06/2025
(a),(e)
3,440‌
3,433‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.26%
8.01%,
01/06/2025
(a),(e)
12,835‌
12,789‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.42%
Corestates
Capital
III
5.36%,
02/15/2027
(f)
18,621‌
18,271‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.83%
Credit
Agricole
SA
4.75%,
03/23/2029
(e),(f),(h),(i)
2,100‌
1,888‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.24%
8.13%,
12/23/2025
(e),(f),(h),(i)
63,768‌
65,123‌
USD
Swap
Semi-Annual
5
Year
+
6.19%
8.13%,
12/23/2025
(e),(h),(i)
15,000‌
15,319‌
USD
Swap
Semi-Annual
5
Year
+
6.19%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Danske
Bank
A/S
7.00%,
06/26/2025
(e),(h),(i)
$
62,745‌
$
63,137‌
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)
5,000‌
4,774‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.61%
Deutsche
Bank
AG
4.79%,
04/30/2025
(e),(h),(i)
1,000‌
980‌
USD
Secured
Overnight
Financing
Rate
Spread-Adj.
ICE
Swap
Rate
5
Year
+
4.36%
6.00%,
10/30/2025
(e),(h),(i)
3,000‌
2,940‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.52%
Fifth
Third
Bancorp
4.50%,
09/30/2025
(a),(e),(h)
15,740‌
15,511‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.22%
First
Maryland
Capital
I
5.92%,
01/15/2027
2,000‌
1,946‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.26%
Goldman
Sachs
Group
Inc/The
3.65%,
08/10/2026
(a),(e),(h)
23,598‌
22,540‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.92%
3.80%,
05/10/2026
(a),(e),(h)
12,800‌
12,265‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.97%
4.13%,
11/10/2026
(e),(h)
11,800‌
11,337‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.95%
6.13%,
11/10/2034
(a),(e),(h)
17,100‌
17,125‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
10
Year
+
2.40%
7.50%,
05/10/2029
(e),(h)
8,000‌
8,371‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.81%
HSBC
Holdings
PLC
6.00%,
05/22/2027
(e),(h),(i)
15,900‌
15,642‌
USD
Swap
Rate
NY
5
Year
+
3.75%
6.37%,
03/30/2025
(e),(h),(i)
14,800‌
14,789‌
USD
Swap
Rate
NY
5
Year
+
4.37%
6.50%,
03/23/2028
(a),(e),(h),(i)
5,600‌
5,550‌
USD
Swap
Rate
NY
5
Year
+
3.61%
6.88%,
09/11/2029
(a),(e),(h),(i)
5,000‌
5,005‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.30%
6.95%,
03/11/2034
(a),(e),(h),(i)
6,000‌
6,030‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.19%
Huntington
Bancshares
Inc/OH
4.45%,
10/15/2027
(e),(h)
90,661‌
86,918‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
7
Year
+
4.05%
5.63%,
07/15/2030
(a),(e),(h)
38,673‌
38,282‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
10
Year
+
4.95%
ING
Groep
NV
3.88%,
05/16/2027
(e),(h),(i)
33,400‌
29,978‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.86%
4.25%,
05/16/2031
(a),(e),(h),(i)
26,385‌
21,526‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.86%
Schedule
of
Investments
Spectrum
Preferred
and
Capital
Securities
Income
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
118
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
ING
Groep
NV
(continued)
4.88%,
05/16/2029
(e),(h),(i)
$
7,000‌
$
6,395‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.51%
5.75%,
11/16/2026
(e),(h),(i)
20,625‌
20,410‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.34%
6.50%,
04/16/2025
(e),(h),(i)
54,700‌
54,746‌
USD
Swap
Semi-Annual
5
Year
+
4.45%
Intesa
Sanpaolo
SpA
7.70%,
09/17/2025
(e),(f),(h),(i)
97,826‌
97,800‌
USD
Swap
Semi-Annual
5
Year
+
5.46%
JPMorgan
Chase
&
Co
3.65%,
06/01/2026
(a),(e),(h)
123,814‌
120,386‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.85%
5.77%,
01/15/2087
4,000‌
3,703‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.21%
6.88%,
06/01/2029
(e),(h)
44,000‌
46,462‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.74%
KeyCorp
5.00%,
09/15/2026
(e),(h)
18,852‌
18,299‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.87%
KeyCorp
Capital
I
5.59%,
07/01/2028
8,405‌
8,050‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.00%
KeyCorp
Capital
III
7.75%,
07/15/2029
11,200‌
11,730‌
Lloyds
Banking
Group
PLC
6.75%,
06/27/2026
(a),(e),(h),(i)
200‌
201‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.82%
6.75%,
09/27/2031
(e),(h),(i)
15,000‌
14,455‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.15%
7.50%,
09/27/2025
(e),(h),(i)
68,465‌
68,574‌
USD
Swap
Rate
NY
5
Year
+
4.50%
8.00%,
09/27/2029
(e),(h),(i)
6,400‌
6,679‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.91%
M&T
Bank
Corp
3.50%,
09/01/2026
(e),(h)
37,118‌
34,594‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.68%
5.13%,
11/01/2026
(a),(e),(h)
6,305‌
6,238‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.78%
7.01%,
02/01/2025
(e),(h)
15,848‌
15,824‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.17%
Macquarie
Bank
Ltd/London
6.13%,
03/08/2027
(e),(f),(h),(i)
21,000‌
21,105‌
USD
Swap
Semi-Annual
5
Year
+
3.70%
6.13%,
03/08/2027
(e),(h),(i)
5,000‌
5,025‌
USD
Swap
Semi-Annual
5
Year
+
3.70%
NatWest
Group
PLC
4.60%,
06/28/2031
(a),(e),(h),(i)
14,885‌
12,664‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.10%
6.00%,
12/29/2025
(a),(e),(h),(i)
55,100‌
54,730‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.63%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
NatWest
Group
PLC
(continued)
7.30%,
11/19/2034
(a),(e),(h),(i)
$
6,800‌
$
6,759‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.94%
8.00%,
08/10/2025
(e),(h),(i)
42,225‌
42,756‌
USD
Swap
Semi-Annual
5
Year
+
5.72%
8.13%,
11/10/2033
(e),(h),(i)
6,000‌
6,374‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.75%
Nordea
Bank
Abp
6.30%,
09/25/2031
(e),(f),(h),(i)
43,100‌
41,368‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.66%
6.63%,
03/26/2026
(e),(h),(i)
13,400‌
13,456‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.11%
6.63%,
03/26/2026
(e),(f),(h),(i)
74,562‌
74,872‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.11%
Northern
Trust
Corp
4.60%,
10/01/2026
(e),(h)
12,400‌
12,232‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.46%
PNC
Financial
Services
Group
Inc/The
6.00%,
05/15/2027
(e),(h)
6,000‌
6,025‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.00%
6.20%,
09/15/2027
(a),(e),(h)
9,200‌
9,311‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.24%
6.25%,
03/15/2030
(e),(h)
111,020‌
112,287‌
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
9,905‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.43%
Royal
Bank
of
Canada
6.35%,
11/24/2084
(h)
23,800‌
23,126‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.26%
7.50%,
05/02/2084
(a),(h)
30,000‌
31,203‌
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
32,609‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.46%
Societe
Generale
SA
5.38%,
11/18/2030
(e),(f),(h),(i)
7,260‌
6,197‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.51%
8.50%,
03/25/2034
(e),(f),(h),(i)
24,000‌
24,263‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.15%
9.38%,
11/22/2027
(e),(f),(h),(i)
3,800‌
3,955‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.39%
10.00%,
11/14/2028
(e),(f),(h),(i)
30,100‌
32,268‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.45%
Standard
Chartered
PLC
4.30%,
08/19/2028
(e),(f),(h),(i)
17,532‌
15,608‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.14%
4.75%,
01/14/2031
(e),(f),(h),(i)
10,000‌
8,695‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.81%
Schedule
of
Investments
Spectrum
Preferred
and
Capital
Securities
Income
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
119
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Standard
Chartered
PLC
(continued)
4.75%,
01/14/2031
(e),(h),(i)
$
10,000‌
$
8,695‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.81%
6.00%,
07/26/2025
(a),(e),(h),(i)
8,000‌
7,966‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.66%
6.00%,
07/26/2025
(a),(e),(f),(h),(i)
15,000‌
14,937‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.66%
7.01%,
07/30/2037
(e),(f),(h)
9,200‌
9,574‌
3
Month
USD
LIBOR
+
1.46%
7.75%,
08/15/2027
(a),(e),(f),(h),(i)
45,000‌
46,181‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.98%
State
Street
Corp
6.70%,
03/15/2029
(e),(h)
52,160‌
53,540‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.61%
6.70%,
09/15/2029
(e),(h)
51,193‌
52,420‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.63%
Svenska
Handelsbanken
AB
4.38%,
03/01/2027
(e),(h),(i)
20,400‌
19,456‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.94%
Swedbank
AB
7.63%,
03/17/2028
(e),(h),(i)
14,000‌
14,349‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.59%
7.75%,
03/17/2030
(e),(h),(i)
14,800‌
15,265‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.66%
Toronto-Dominion
Bank/The
7.25%,
07/31/2084
(h)
1,000‌
1,024‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.98%
8.13%,
10/31/2082
(h)
28,800‌
30,259‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.08%
Truist
Financial
Corp
4.95%,
09/01/2025
(e),(h)
27,134‌
26,935‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.61%
5.10%,
03/01/2030
(e),(h)
35,906‌
34,531‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
10
Year
+
4.35%
5.46%,
05/15/2027
(a)
10,900‌
10,706‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.93%
5.83%,
04/01/2027
7,000‌
6,862‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.24%
5.86%,
03/15/2028
9,022‌
8,842‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.91%
6.67%,
03/01/2025
(a),(e),(h)
66,530‌
66,265‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.00%
UBS
Group
AG
3.88%,
06/02/2026
(a),(e),(f),(h),(i)
20,000‌
19,074‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.10%
4.38%,
02/10/2031
(e),(f),(h),(i)
7,000‌
5,962‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.31%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
UBS
Group
AG
(continued)
6.85%,
09/10/2029
(e),(f),(h),(i)
$
17,000‌
$
16,777‌
USD
Secured
Overnight
Financing
Rate
ICE
Swap
Rate
5
Year
+
3.63%
6.88%,
08/07/2025
(e),(h),(i)
18,933‌
18,972‌
USD
Swap
Semi-Annual
(VS
6
Month)
5
Year
+
4.59%
7.00%,
02/19/2025
(e),(h),(i)
40,920‌
40,968‌
USD
Swap
Semi-Annual
5
Year
+
4.87%
9.25%,
11/13/2028
(e),(f),(h),(i)
17,000‌
18,529‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.75%
US
Bancorp
3.70%,
01/15/2027
(e),(h)
36,243‌
34,388‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.54%
5.30%,
04/15/2027
(a),(e),(h)
10,895‌
10,798‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.18%
USB
Realty
Corp
6.06%,
01/15/2027
(e),(f)
1,500‌
1,211‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.41%
Wells
Fargo
&
Co
3.90%,
03/15/2026
(e),(h)
116,800‌
113,636‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.45%
5.42%,
01/15/2027
5,345‌
5,242‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.76%
6.85%,
09/15/2029
(e),(h)
58,400‌
60,510‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.77%
7.63%,
09/15/2028
(e),(h)
47,100‌
50,165‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.61%
7.95%,
11/15/2029
3,700‌
4,184‌
$
3,670,122‌
Diversified
Financial
Services
-
5
.73
%
American
Express
Co
3.55%,
09/15/2026
(e),(h)
77,190‌
73,704‌
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)
50,140‌
47,901‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.16%
Charles
Schwab
Corp/The
4.00%,
12/01/2030
(e),(h)
1,100‌
965‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
10
Year
+
3.08%
4.00%,
06/01/2026
(e),(h)
104,900‌
101,342‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.17%
5.38%,
06/01/2025
(e),(h)
54,631‌
54,427‌
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
31,159‌
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
3,007‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.54%
6.88%,
06/09/2027
(e),(h),(i)
5,000‌
4,956‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.94%
Schedule
of
Investments
Spectrum
Preferred
and
Capital
Securities
Income
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
120
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Diversified
Financial
Services
(continued)
Voya
Financial
Inc
4.70%,
01/23/2048
(h)
$
13,955‌
$
12,987‌
3
Month
USD
LIBOR
+
2.08%
7.76%,
09/15/2028
(a),(e),(h)
20,306‌
21,635‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.36%
$
352,083‌
Electric
-
3
.78
%
American
Electric
Power
Co
Inc
3.88%,
02/15/2062
(h)
20,950‌
19,793‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.68%
6.95%,
12/15/2054
(a),(h)
10,000‌
10,448‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.68%
7.05%,
12/15/2054
(h)
18,600‌
19,315‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.75%
Dominion
Energy
Inc
4.65%,
12/15/2024
(e),(h)
39,777‌
39,754‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.99%
6.63%,
05/15/2055
(h)
19,000‌
19,467‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.21%
6.88%,
02/01/2055
(h)
18,800‌
19,804‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.39%
7.00%,
06/01/2054
(h)
31,000‌
32,852‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.51%
Duke
Energy
Corp
6.45%,
09/01/2054
(h)
14,900‌
15,127‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.59%
NextEra
Energy
Capital
Holdings
Inc
3.80%,
03/15/2082
(a),(h)
3,000‌
2,859‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.55%
5.65%,
05/01/2079
(h)
3,200‌
3,168‌
3
Month
USD
LIBOR
+
3.16%
6.70%,
09/01/2054
(h)
16,700‌
17,027‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.36%
6.92%,
10/01/2066
(a)
15,049‌
14,705‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.33%
Sempra
6.55%,
04/01/2055
(h)
10,400‌
10,427‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.14%
6.63%,
04/01/2055
(h)
7,700‌
7,748‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.35%
$
232,494‌
Food
-
0
.17
%
Dairy
Farmers
of
America
Inc
7.13%,
12/01/2026
(e),(f)
10,700‌
10,219‌
Gas
-
0
.07
%
NiSource
Inc
6.95%,
11/30/2054
(h)
4,000‌
4,092‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.45%
Insurance
-
13
.36
%
ACE
Capital
Trust
II
9.70%,
04/01/2030
15,505‌
18,788‌
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Insurance
(continued)
Allianz
SE
3.20%,
10/30/2027
(e),(f),(h),(i)
$
5,800‌
$
4,990‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.17%
3.50%,
11/17/2025
(e),(h),(i)
6,200‌
5,953‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.97%
3.50%,
11/17/2025
(e),(f),(h),(i)
27,400‌
26,308‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.97%
5.60%,
09/03/2054
(f),(h)
2,000‌
1,980‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.77%
American
International
Group
Inc
5.75%,
04/01/2048
(h)
20,435‌
20,316‌
3
Month
USD
LIBOR
+
2.87%
Aon
Corp
8.21%,
01/01/2027
4,350‌
4,595‌
Argentum
Netherlands
BV
for
Swiss
Re
Ltd
5.63%,
08/15/2052
(h)
63,620‌
63,461‌
3
Month
USD
LIBOR
+
3.78%
5.75%,
08/15/2050
(h)
49,800‌
49,674‌
3
Month
USD
LIBOR
+
3.59%
Argentum
Netherlands
BV
for
Zurich
Insurance
Co
Ltd
5.13%,
06/01/2048
(h)
2,490‌
2,471‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.27%
AXA
SA
5.13%,
01/17/2047
(h)
500‌
496‌
Secured
Overnight
Financing
Rate
+
4.14%
Corebridge
Financial
Inc
6.38%,
09/15/2054
(h)
25,100‌
25,187‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.65%
6.88%,
12/15/2052
(h)
36,290‌
37,146‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.85%
Liberty
Mutual
Group
Inc
4.13%,
12/15/2051
(f),(h)
21,100‌
20,027‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.32%
7.80%,
03/07/2087
(f)
76,240‌
85,352‌
3
Month
USD
LIBOR
+
3.58%
Liberty
Mutual
Insurance
Co
7.70%,
10/15/2097
(f)
5,025‌
5,860‌
Meiji
Yasuda
Life
Insurance
Co
5.80%,
09/11/2054
(f),(h)
19,000‌
19,027‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.03%
MetLife
Capital
Trust
IV
7.88%,
12/15/2067
(f)
24,540‌
26,997‌
MetLife
Inc
3.85%,
09/15/2025
(a),(e),(h)
25,556‌
25,104‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.58%
6.40%,
12/15/2066
10,650‌
11,079‌
9.25%,
04/08/2068
(f)
53,475‌
63,344‌
3
Month
USD
LIBOR
+
5.54%
10.75%,
08/01/2069
50,413‌
68,890‌
3
Month
USD
LIBOR
+
7.55%
Mitsui
Sumitomo
Insurance
Co
Ltd
4.95%,
03/06/2029
(e),(h)
520‌
515‌
USD
Swap
Semi-Annual
5
Year
+
3.26%
4.95%,
03/06/2029
(e),(f),(h)
1,800‌
1,782‌
USD
Swap
Semi-Annual
5
Year
+
3.26%
MMI
Capital
Trust
I
7.63%,
12/15/2027
1,073‌
1,129‌
Schedule
of
Investments
Spectrum
Preferred
and
Capital
Securities
Income
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
121
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Insurance
(continued)
Muenchener
Rueckversicherungs-Gesellschaft
AG
in
Muenchen
5.88%,
05/23/2042
(f),(h)
$
4,800‌
$
4,907‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.98%
5.88%,
05/23/2042
(h)
1,800‌
1,840‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.98%
Nationwide
Financial
Services
Inc
6.75%,
05/15/2087
72,995‌
75,453‌
Nippon
Life
Insurance
Co
2.75%,
01/21/2051
(f),(h)
3,200‌
2,755‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.65%
2.90%,
09/16/2051
(f),(h)
22,900‌
19,696‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.60%
4.70%,
01/20/2046
(a),(f),(h)
5,000‌
4,961‌
USD
Swap
Rate
NY
5
Year
+
3.75%
5.95%,
04/16/2054
(f),(h)
18,300‌
18,802‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.59%
Prudential
Financial
Inc
3.70%,
10/01/2050
(h)
1,406‌
1,276‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.04%
5.13%,
03/01/2052
(h)
1,000‌
963‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.16%
6.00%,
09/01/2052
(h)
23,400‌
23,680‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.23%
6.50%,
03/15/2054
(h)
8,285‌
8,557‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.40%
Sumitomo
Life
Insurance
Co
4.00%,
09/14/2077
(a),(f),(h)
4,700‌
4,547‌
3
Month
USD
LIBOR
+
2.99%
Swiss
RE
Subordinated
Finance
PLC
5.70%,
04/05/2035
(f),(h)
10,800‌
10,954‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.81%
Zurich
Finance
Ireland
Designated
Activity
Co
3.00%,
04/19/2051
(h)
60,100‌
51,684‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.78%
$
820,546‌
Oil
&
Gas
-
0
.82
%
BP
Capital
Markets
PLC
4.38%,
06/22/2025
(e),(h)
5,048‌
4,985‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.04%
4.88%,
03/22/2030
(e),(h)
22,562‌
21,840‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.40%
6.13%,
03/18/2035
(e),(h)
23,700‌
23,634‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.67%
$
50,459‌
Pipelines
-
3
.34
%
Enbridge
Inc
5.75%,
07/15/2080
(h)
59,201‌
57,521‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.31%
6.00%,
01/15/2077
(h)
32,981‌
32,700‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.15%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pipelines
(continued)
Enbridge
Inc
(continued)
6.25%,
03/01/2078
(h)
$
34,882‌
$
34,234‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.90%
7.38%,
03/15/2055
(h)
5,000‌
5,198‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.12%
8.25%,
01/15/2084
(h)
2,000‌
2,116‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.79%
8.50%,
01/15/2084
(h)
17,815‌
19,839‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.43%
Enterprise
Products
Operating
LLC
5.25%,
08/16/2077
(h)
27,400‌
26,716‌
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.29%
Transcanada
Trust
5.50%,
09/15/2079
(h)
28,000‌
26,990‌
Secured
Overnight
Financing
Rate
+
4.42%
$
205,314‌
REITs
-
0
.86
%
Scentre
Group
Trust
2
4.75%,
09/24/2080
(f),(h)
1,270‌
1,258‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.38%
4.75%,
09/24/2080
(h)
781‌
774‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.38%
5.13%,
09/24/2080
(f),(h)
51,600‌
50,590‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.69%
$
52,622‌
Sovereign
-
1
.09
%
CoBank
ACB
4.25%,
01/01/2027
(e),(h)
1,000‌
952‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.05%
6.25%,
10/01/2026
(e),(h)
16,400‌
16,378‌
3
Month
USD
LIBOR
+
4.66%
6.45%,
10/01/2027
(a),(e),(h)
11,400‌
11,554‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.49%
7.25%,
07/01/2029
(a),(e),(h)
20,000‌
20,440‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.88%
Farm
Credit
Bank
of
Texas
5.70%,
09/15/2025
(e),(f),(h)
11,800‌
11,700‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.42%
7.75%,
06/15/2029
(e),(h)
6,000‌
6,270‌
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.29%
$
67,294‌
Transportation
-
0
.76
%
BNSF
Funding
Trust
I
6.61%,
12/15/2055
(h)
46,256‌
46,563‌
3
Month
USD
LIBOR
+
2.35%
TOTAL
BONDS
$
5,511,808‌
Total
Investments
$
6,194,452‌
Other
Assets
and
Liabilities
-  (0.84)%
(
51,673‌
)
TOTAL
NET
ASSETS
-
100.00%
$
6,142,779‌
Schedule
of
Investments
Spectrum
Preferred
and
Capital
Securities
Income
Fund
November
30,
2024
(unaudited)
See
accompanying
notes.
122
(a)
Security
or
a
portion
of
the
security
was
on
loan.  At
the
end
of
the
period,
the
value
of
these
securities
totaled
$128,503
or
2.09%
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
$131,876
or
2.15%
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)
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
$1,163,929
or
18.95%
of
net
assets.
(g)
Non-income
producing
security
(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
$1,727,311
or
28.12%
of
net
assets.
(j)
Security
purchased
on
a
when-issued
basis.
Affiliated
Securities
August
31,
2024
Purchases
Sales
November
30,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
4.53%
$
172,326‌
$
898,303‌
$
977,353‌
$
93,276‌
$
172,326‌
$
898,303‌
$
977,353‌
$
93,276‌
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
4.53%
$
753‌
$
—‌
$
—‌
$
—‌
$
753‌
$
—‌
$
—‌
$
—‌
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Options
Written
Options
Outstanding
Counterparty
Contracts/
Shares
Notional
Amount
Exercise
Price
Expiration
Date
Upfront
Receipts
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Call
-
US
10
Year
Note
Future;
March
2025
N/A
500‌
$
500‌
$
110
.00‌
12/30/2024
$
(
428‌
)
$
(
750‌
)
$
(
322‌
)
Put
-
US
10
Year
Note
Future;
March
2025
N/A
500‌
500‌
$
110
.00‌
12/30/2024
(
436‌
)
(
156‌
)
280‌
Total
$
(
864‌
)
$
(
906‌
)
$
(
42‌
)
Amounts
in
thousands
except
contracts/shares.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
US
10
Year
Note;
March
2025
Long
500‌
$
55,594‌
$
237‌
Total
$
237‌
Amounts
in
thousands
except
contracts.
Glossary
to
the
Schedule
of
Investments
November
30,
2024
(unaudited)
See
accompanying
notes.
123
Currency
Abbreviations
AUD
Australian
Dollar
BRL
Brazilian
Real
CAD
Canadian
Dollar
CHF
Swiss
Franc
CLP
Chilean
Peso
CNH
Chinese
Renminbi
COP
Colombian
Peso
DOP
Dominican
Peso
EGP
Egyptian
Pound
EUR
Euro
GBP
British
Pound
Sterling
HUF
Hungarian
Forint
IDR
Indonesian
Rupiah
ILS
Israeli
New
Shekel
INR
Indian
Rupee
JPY
Japanese
Yen
MXN
Mexican
Peso
MYR
Malaysian
Ringgit
NOK
Norwegian
Krone
NZD
New
Zealand
Dollar
PEN
Peruvian
Nuevo
Sol
PHP
Philippine
Peso
PLN
Polish
Zloty
RON
Romanian
New
Leu
SEK
Swedish
Krona
THB
Thai
Baht
TRY
Turkish
Lira
USD/$
United
States
Dollar
ZAR
South
African
Rand
November
30,
2024
(unaudited)
124
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.
November
30,
2024
(unaudited)
125
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
November
30,
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*
$
11,796,730
$
—
$
—
$
11,796,730
Investment
Companies*
41,563
—
—
41,563
Total
investments
in
securities
$
11,838,293
$
—
$
—
$
11,838,293
Bond
Market
Index
Fund
Bonds*
—
625,942
—
625,942
Investment
Companies*
121,814
—
—
121,814
Municipal
Bonds*
—
3,184
—
3,184
U.S.
Government
&
Government
Agency
Obligations*
—
1,626,187
—
1,626,187
Total
investments
in
securities
$
121,814
$
2,255,313
$
—
$
2,377,127
Capital
Securities
Fund
Bonds*
—
1,180,411
—
1,180,411
Investment
Companies*
20,667
—
—
20,667
Preferred
Stocks
Financial
5,967
2,730
—
8,697
Total
investments
in
securities
$
26,634
$
1,183,141
$
—
$
1,209,775
Diversified
Real
Asset
Fund
Bonds*
—
18,566
—
18,566
Common
Stocks
Basic
Materials
101,731
40,622
—
142,353
Communications
—
8,249
—
8,249
Consumer,
Cyclical
8,998
3,725
—
12,723
November
30,
2024
(unaudited)
126
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)
Consumer,
Non-cyclical
$
30,414
$
25,126
$
2
$
55,542
Energy
237,168
17,009
—
254,177
Financial
496,542
215,931
—
712,473
Industrial
70,680
131,322
53
202,055
Technology
5,867
1,271
103
7,241
Utilities
189,044
168,055
—
357,099
Investment
Companies*
319,647
—
—
319,647
Preferred
Stocks
Industrial
—
253
—
253
Utilities
3,869
—
—
3,869
Senior
Floating
Rate
Interests*
—
116,355
40
116,395
U.S.
Government
&
Government
Agency
Obligations*
—
662,745
—
662,745
Purchased
Options
1
52
—
53
Purchased
Interest
Rate
Swaptions
—
111
—
111
Total
investments
in
securities
$
1,463,961
$
1,409,392
$
198
$
2,873,551
Derivative
Assets
Credit
Contracts
Exchange
Cleared
Credit
Default
Swaps**
—
73
—
73
Commodity
Contracts
Futures**
3,995
—
—
3,995
Total
Return
Swaps
—
286
—
286
Foreign
Exchange
Contracts
Foreign
Currency
Contracts
—
374
—
374
Interest
Rate
Contracts
Exchange
Cleared
Interest
Rate
Swaps**
—
139
—
139
Futures**
28
—
—
28
Derivative
Liabilities
Commodity
Contracts
Futures**
(9,263)
—
—
(9,263)
Total
Return
Swaps
—
(199)
—
(199)
Foreign
Exchange
Contracts
Foreign
Currency
Contracts
—
(93)
—
(93)
Interest
Rate
Contracts
Exchange
Cleared
Interest
Rate
Swaps**
—
(362)
—
(362)
Futures**
(171)
—
—
(171)
Written
Interest
Rate
Swaptions
—
(120)
—
(120)
Edge
MidCap
Fund
Common
Stocks*
77,636
—
—
77,636
Investment
Companies*
1,720
—
—
1,720
Total
investments
in
securities
$
79,356
$
—
$
—
$
79,356
Global
Multi-Strategy
Fund
Bonds*
—
140,325
—
140,325
Common
Stocks
Basic
Materials
6,977
722
—
7,699
Communications
18,132
710
—
18,842
Consumer,
Cyclical
12,187
1,703
—
13,890
Consumer,
Non-cyclical
24,664
2,918
1,186
28,768
Diversified
762
333
—
1,095
Energy
9,687
113
—
9,800
Financial
19,133
3,003
—
22,136
Industrial
15,978
2,354
—
18,332
Technology
24,113
843
337
25,293
Utilities
3,798
270
—
4,068
Convertible
Bonds*
—
3,587
—
3,587
Convertible
Preferred
Stocks
Energy
—
—
52
52
Financial
3
—
—
3
November
30,
2024
(unaudited)
127
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)
Convertible
Preferred
Stocks
(continued)
Industrial
$
158
$
—
$
—
$
158
Investment
Companies*
93,598
—
—
93,598
Senior
Floating
Rate
Interests*
—
1,065
2
1,067
U.S.
Government
&
Government
Agency
Obligations*
—
9,765
—
9,765
Purchased
Options
—
113
—
113
Total
investments
in
securities
$
229,190
$
167,824
$
1,577
$
398,591
Short
Sales
Common
Stocks*
(258)
—
—
(258)
Total
Short
Sales
$
(258)
$
—
$
—
$
(258)
Derivative
Assets
Commodity
Contracts
Futures**
825
—
—
825
Equity
Contracts
Futures**
1,232
—
—
1,232
Total
Return
Swaps
—
4,356
—
4,356
Foreign
Exchange
Contracts
Foreign
Currency
Contracts
—
3,758
—
3,758
Futures**
44
—
—
44
Interest
Rate
Contracts
Exchange
Cleared
Interest
Rate
Swaps**
—
872
—
872
Futures**
339
—
—
339
Total
Return
Swaps
—
125
—
125
Derivative
Liabilities
Credit
Contracts
Credit
Default
Swaps
—
(130)
—
(130)
Exchange
Cleared
Credit
Default
Swaps**
—
(101)
—
(101)
Commodity
Contracts
Futures**
(384)
—
—
(384)
Equity
Contracts
Futures**
(1,579)
—
—
(1,579)
Total
Return
Swaps
—
(1,522)
—
(1,522)
Written
Options
—
(197)
—
(197)
Foreign
Exchange
Contracts
Foreign
Currency
Contracts
—
(1,877)
—
(1,877)
Interest
Rate
Contracts
Exchange
Cleared
Interest
Rate
Swaps**
—
(1,189)
—
(1,189)
Futures**
(665)
—
—
(665)
Total
Return
Swaps
—
(1)
—
(1)
Global
Sustainable
Listed
Infrastructure
Fund
Common
Stocks
Communications
—
165
—
165
Consumer,
Non-cyclical
344
732
—
1,076
Energy
1,912
501
—
2,413
Financial
1,823
—
—
1,823
Industrial
1,807
2,015
—
3,822
Utilities
6,682
3,481
—
10,163
Investment
Companies*
520
—
—
520
Total
investments
in
securities
$
13,088
$
6,894
$
—
$
19,982
International
Equity
Index
Fund
Common
Stocks
Basic
Materials
—
59,309
—
59,309
Communications
9,141
47,022
—
56,163
Consumer,
Cyclical
—
141,977
—
141,977
Consumer,
Non-cyclical
2,331
260,707
—
263,038
Diversified
—
662
—
662
Energy
—
40,137
—
40,137
Financial
1,607
258,533
—
260,140
Industrial
—
162,179
—
162,179
Technology
3,050
73,354
—
76,404
Utilities
—
34,627
—
34,627
Investment
Companies*
35,307
—
—
35,307
Preferred
Stocks
Consumer,
Cyclical
—
2,278
—
2,278
November
30,
2024
(unaudited)
128
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)
Preferred
Stocks
(continued)
Consumer,
Non-cyclical
$
—
$
959
$
—
$
959
Industrial
—
403
—
403
Total
investments
in
securities
$
51,436
$
1,082,147
$
—
$
1,133,583
Derivative
Liabilities
Equity
Contracts
Futures**
(103)
—
—
(103)
International
Small
Company
Fund
Common
Stocks
Basic
Materials
22,144
26,039
—
48,183
Communications
4,055
16,092
—
20,147
Consumer,
Cyclical
5,702
92,663
—
98,365
Consumer,
Non-cyclical
8,243
92,088
—
100,331
Energy
14,407
8,703
—
23,110
Financial
3,638
147,604
—
151,242
Industrial
18,340
156,939
—
175,279
Technology
21,036
33,230
—
54,266
Utilities
6,837
14,084
—
20,921
Investment
Companies*
16,921
—
—
16,921
Total
investments
in
securities
$
121,323
$
587,442
$
—
$
708,765
Opportunistic
Municipal
Fund
Investment
Companies*
191
—
—
191
Municipal
Bonds*
—
168,259
—
168,259
Total
investments
in
securities
$
191
$
168,259
$
—
$
168,450
Origin
Emerging
Markets
Fund
Common
Stocks
Basic
Materials
—
3,297
—
3,297
Communications
4,417
30,274
—
34,691
Consumer,
Cyclical
—
31,567
—
31,567
Consumer,
Non-cyclical
2,267
8,443
—
10,710
Energy
—
12,137
—
12,137
Financial
983
56,009
—
56,992
Industrial
—
27,847
—
27,847
Technology
—
43,775
—
43,775
Utilities
1,092
—
—
1,092
Investment
Companies*
1,759
—
—
1,759
Preferred
Stocks*
1,091
—
—
1,091
Total
investments
in
securities
$
11,609
$
213,349
$
—
$
224,958
Small-MidCap
Dividend
Income
Fund
Common
Stocks*
1,822,445
—
—
1,822,445
Investment
Companies*
34,771
—
—
34,771
Total
investments
in
securities
$
1,857,216
$
—
$
—
$
1,857,216
Spectrum
Preferred
and
Capital
Securities
Income
Fund
Bonds*
$
—
$
5,511,808
$
—
$
5,511,808
Convertible
Preferred
Stocks*
2,898
—
—
2,898
Investment
Companies*
193,230
—
—
193,230
Preferred
Stocks
Communications
35,501
—
—
35,501
Consumer,
Non-cyclical
—
23,157
—
23,157
Financial
373,109
8,639
—
381,748
Utilities
45,044
1,066
—
46,110
Total
investments
in
securities
$
649,782
$
5,544,670
$
—
$
6,194,452
Derivative
Assets
Interest
Rate
Contracts
Futures**
237
—
—
237
November
30,
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
period,
there
were
no
Funds
which
had
a
significant
Level
3
balance.
During
the
period,
there
were
no
significant
purchases,
sales,
or
transfers
into
or
out
of
Level
3.
The
Funds'
Schedules
of
Investments
as
of
November
30,
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.
Spectrum
Preferred
and
Capital
Securities
Income
Fund
(continued)
Interest
Rate
Contracts
(continued)
Derivative
Liabilities
Interest
Rate
Contracts
Written
Options
$
(906)
$
—
$
—
$
(906)