Schedule of Portfolio InvestmentsLimited Duration Fund
May 31, 2021 (Unaudited) 

 

Shares or
Principal
Amount
Security DescriptionValue 
 
 
     
Asset Backed Securities (24.5%)    
$2,434,071  AccessLex Institute, Series 2007-A, Class A3, 0.45% (US0003M + 30 bps), 5/25/36, Callable 5/25/23 @ 100* $2,400,914‌ 
 897,358  Asset Backed Securities Corp. Home Equity Loan Trust, Series 2006-HE1, Class A4, 0.71% (US0001M + 30 bps), 1/25/36, Callable 6/25/21 @ 100*  894,881‌ 
 922,497  Bayview Financial Mortgage Pass-Through Trust, Series 2005-C, Class M3, 1.09% (US0001M + 65 bps), 6/28/44, Callable 6/28/21 @ 100*  924,414‌ 
 302,309  Cazenovia Creek Funding II LLC, Series 2018-1A, Class A, 3.56%, 7/15/30(a)  303,748‌ 
 1,048,169  CDC Mortgage Capital Trust, Series 2002-HE1, Class A, 0.71% (US0001M + 62 bps), 1/25/33, Callable 6/25/21 @ 100*  1,041,836‌ 
 1,250,449  CIT Mortgage Loan Trust, Series 2007-1, Class 1A, 1.44% (US0001M + 135 bps), 10/25/37, Callable 9/25/24 @ 100*(b)  1,256,555‌ 
 245  Citigroup Mortgage Loan Trust, Inc., Series 2005- WF1, Class A5, 5.01%, 11/25/34, Callable 6/25/21 @ 100*(c)  246‌ 
 228  Countrywide Asset-Backed Certificates, Series 2002-S1, Class A5, 6.46%, 5/25/32, Callable 6/25/21 @ 100*(c)(d)  227‌ 
 1,338,370  Countrywide Asset-Backed Certificates, Series 2005-12, Class M2, 0.83% (US0001M + 49 bps), 2/25/36, Callable 6/25/21 @ 100*  1,336,862‌ 
 966  Countrywide Home Equity Loan Trust, Series 2004-C, Class C, 0.32% (US0001M + 22 bps), 1/15/34, Callable 6/15/21 @ 100*  962‌ 
 1,019,745  DB Master Finance LLC, Series 2017-1A, Class A2I, 3.63%, 11/20/47, Callable 11/20/21 @ 100*(b)  1,034,837‌ 
 1,368,313  Driven Brands Funding LLC, Series 2019-2A, Class A2, 3.98%, 10/20/49, Callable 10/20/24 @ 100*(b)  1,452,546‌ 
 457,984  Fremont Home Loan Trust, Series 2004-3, Class 10A1, 1.98% (US0001M + 188 bps), 11/25/34, Callable 6/25/21 @ 100*  409,653‌ 
 1,911,041  Goodgreen 2020-1 Trust, Series 2021-1A, Class A, 2.63%, 4/15/55, Callable 10/15/32 @ 100*(b)  1,971,855‌ 
 557,350  Home Equity Asset Trust, Series 2005-7, Class M1, 0.77% (US0001M + 45 bps), 1/25/36, Callable 6/25/21 @ 100*  556,868‌ 
 1,798,068  Home Equity Mortgage Loan Asset-Backed Trust, Series 2004-C, Class 2A3, 0.95% (US0001M + 86 bps), 3/25/35, Callable 6/25/21 @ 100*  1,795,778‌ 
 83  IMC Home Equity Loan Trust, Series 1998-1, Class A6, 7.02%, 6/20/29(c)(d)  84‌ 
 242,503  New Century Home Equity Loan Trust, Series 2005-A, Class A4W, 4.70%, 8/25/35, Callable 9/25/21 @ 100*(c)(d)  244,637‌ 
 1,734,291  NovaStar Mortgage Funding Trust, Series 2003-2, Class M2, 2.87% (US0001M + 278 bps), 9/25/33, Callable 6/25/21 @ 100*  1,775,551‌ 
 114,649  Residential Asset Mortgage Products, Inc., Series 2002-RS2, Class AI5, 6.03%, 3/25/32, Callable 6/25/21 @ 100*  118,439‌ 

 

Shares or
Principal
Amount
  Security Description  Value 
     
Asset Backed Securities, continued    
$3,272  Saxon Asset Securities Trust, Series 2003-3, Class AF6, 4.48%, 12/25/33, Callable 6/25/21 @ 100*(c)(d) $3,329‌ 
74,247  Soundview Home Equity Loan Trust, Series 2005-B, Class M2, 6.23%, 5/25/35, Callable 6/25/21 @ 100*(c)(d) 72,651 
1,261,002  Structured Asset Investment Loan Trust, Series 2003-BC2, Class A1, 0.79% (US0001M + 68 bps), 4/25/33, Callable 6/25/21 @ 100*  1,257,858 
408,684  Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2004-6XS, Class A5A, 6.03%, 3/25/34, Callable 6/25/21 @ 100*(c)(d)  413,251 
826,717  Sun Trust Student Loan Trust, Series 2006-1A, Class B, 0.45% (US0003M + 27 bps), 10/28/37, Callable 4/28/26 @ 100*(a)  759,541 
655,000  ZAXBY'S Funding LLC, Series 2021-1A, Class A2, 3.24%, 7/30/51, Callable 7/30/25 @ 100*(b)  655,000 
Total Asset Backed Securities (Cost $20,646,760)  20,682,523 
    
Mortgage Backed Securities† (41.9%)    
Alt-A - Adjustable Rate Mortgage Backed Securities (1.0%)    
94,787  Bear Stearns Alternative Trust, Series 2006-1, Class 21A2, 2.96%, 2/25/36, Callable 6/25/21 @ 100*(c)  79,813 
10,036  Bear Stearns Alternative Trust, Series 2005-5, Class 26A1, 3.91%, 7/25/35, Callable 6/25/21 @ 100*(c)  8,131 
14,556  Countrywide Alternative Loan Trust, Series 2005-24, Class 1A1, 1.44% (12MTA + 131 bps), 7/20/35, Callable 6/19/21 @ 100*  12,643 
1,314  Deutsche Mortgage Securities, Inc., Series 2006-ABR, Class A1B1, 0.19% (US0001M + 10 bps), 10/25/36, Callable 6/25/21 @ 100*  1,022 
4,280  Deutsche Mortgage Securities, Inc., Series 2003-4XS, Class A6A, 5.32% (US0003M + 119 bps), 10/25/33, Callable 6/25/21 @ 100*(d)  4,293 
4,468  Deutsche Mortgage Securities, Inc., Series 2006-AB4, Class A1A, 6.00%, 10/25/36, Callable 6/25/21 @ 100*(c)  4,408 
4,921  First Horizon Alternative Mortgage Securities, Series 2004-AA3, Class A1, 2.33%, 9/25/34, Callable 6/25/21 @ 100*(c)  4,887 
20,749  Master Adjustable Rate Mortgage Trust, Series 2004-13, Class 2A1, 2.70%, 4/21/34, Callable 6/21/21 @ 100*(c)  20,797 
592,136  Nomura Asset Acceptance Corp., Series 2005-AR4, Class 3A1, 3.13%, 8/25/35, Callable 6/25/21 @ 100*(c)  626,189 
32,444  Residential Accredit Loans, Inc., Series 2004-QA4, Class NB21, 3.22%, 9/25/34, Callable 6/25/21 @ 100*(c)  33,499 
17,987  Residential Accredit Loans, Inc., Series 2006-QA1, Class A21, 4.30%, 1/25/36, Callable 6/25/21 @ 100*(c)  16,343 
    812,025 
Alt-A - Fixed Rate Mortgage Backed Securities (0.8%)    
14,624  Chaseflex Trust, Series 2005-1, Class 2A4, 5.50%, 2/25/35, Callable 6/25/21 @ 100*  12,813 

  

See notes to the schedule of portfolio investments.

- 1 -

 

 

Schedule of Portfolio InvestmentsLimited Duration Fund
May 31, 2021 (Unaudited)Continued

 

Shares or
Principal

Amount
  Security Description  Value 
        
Mortgage Backed Securities†, continued    
Alt-A - Fixed Rate Mortgage Backed Securities, continued:    
$19,414  Citigroup Mortgage Alternative Loan Trust, Series 2006-A3, Class 1A5, 6.00%, 7/25/36, Callable 6/25/21 @ 100* $19,320 
 376  Countrywide Alternative Loan Trust, Series 2004-12CB, Class 1A1, 5.00%, 7/25/19, Callable 6/25/21 @ 100*  377 
 13,719  Countrywide Alternative Loan Trust, Series 2005-J13, Class 2A3, 5.50%, 11/25/35, Callable 6/25/21 @ 100*  12,132 
 18,558  Countrywide Alternative Loan Trust, Series 2006-2CB, Class A3, 5.50%, 3/25/36, Callable 6/25/21 @ 100*  11,872 
 19,182  Countrywide Alternative Loan Trust, Series 2006-31CB, Class A16, 6.00%, 11/25/36, Callable 10/25/21 @ 100  15,337 
 18,686  Countrywide Alternative Loan Trust, Series 2006-43CB, Class 1A4, 6.00%, 2/25/37, Callable 7/25/21 @ 100*  14,445 
 134,226  Countrywide Alternative Loan Trust, Series 2006-J8, Class A2, 6.00%, 2/25/37, Callable 2/25/23 @ 100*  86,372 
 66,440  Countrywide Alternative Loan Trust, Series 2004-J8, Class 2A1, 7.00%, 8/25/34, Callable 6/25/21 @ 100*  64,252 
 42,693  First Horizon Alternative Mortgage Securities, Series 2006-FA3, Class A6, 6.00%, 7/25/36, Callable 6/25/21 @ 100*  29,026 
 138  Master Alternative Loans Trust, Series 2004-3, Class 1A1, 5.00%, 3/25/19, Callable 6/25/21 @ 100*  145 
 736  Master Alternative Loans Trust, Series 2005-1, Class 5A1, 5.50%, 1/25/20, Callable 7/25/25 @ 100*  713 
 3,757  Master Alternative Loans Trust, Series 2004-3, Class 3A1, 6.00%, 4/25/34, Callable 6/25/21 @ 100*  3,805 
 300,805  Master Alternative Loans Trust, Series 2004-3, Class 5A1, 6.50%, 3/25/34, Callable 6/25/21 @ 100*  304,219 
 21,565  Master Alternative Loans Trust, Series 2004-1, Class 3A1, 7.00%, 1/25/34, Callable 6/25/21 @ 100*  23,237 
 3,303  Master Alternative Loans Trust, Series 2004-3, Class 8A1, 7.00%, 4/25/34, Callable 6/25/21 @ 100*  3,370 
 1,522  Residential Accredit Loans, Inc., Series 2003- QS14, Class A1, 5.00%, 7/25/18, Callable 6/25/21 @ 100*  1,370 
 101  Residential Accredit Loans, Inc., Series 2004-QS13, Class CB, 5.00%, 9/25/19, Callable 6/25/21 @ 100*  102 
 5,582  Residential Accredit Loans, Inc., Series 2004-QS6, Class A1, 5.00%, 5/25/19, Callable 6/25/21 @ 100*  5,256 
 28,807  Residential Accredit Loans, Inc., Series 2006-QS6, Class 1A2, 6.00%, 6/25/36, Callable 6/25/21 @ 100*  27,617 
 42,743  Residential Asset Securitization Trust, Series 2006-A9CB, Class A5, 6.00%, 9/25/36, Callable 10/25/22 @ 100*  22,211 

 

Shares or
Principal

Amount
  Security Description  Value 
        
Mortgage Backed Securities†, continued    
Alt-A - Fixed Rate Mortgage Backed Securities, continued:    
$28,550  Residential Asset Securitization Trust, Series 2007-A5, Class 2A3, 6.00%, 5/25/37, Callable 9/25/21 @ 100* $23,524 
 12,950  Wells Fargo Mortgage Backed Securities Trust, Series 2005-1, Class 2A3, 5.50%, 2/25/35, Callable 6/25/21 @ 100*  12,559 
       694,074 
Prime Adjustable Rate Mortgage Backed Securities (4.4%)    
 7,802  Adjustable Rate Mortgage Trust, Series 2004-4, Class 1A1, 2.38%, 3/25/35, Callable 6/25/21 @ 100*(c)  7,820 
 3,184  Adjustable Rate Mortgage Trust, Series 2005-1, Class 2A22, 2.80%, 5/25/35(c)  3,214 
 336,618  American Home Mortgage Investment Trust, Series 2006-2, Class 3A2, 6.70%, 6/25/36, Callable 6/25/21 @ 100*(c)(d)  88,157 
 582,894  Banc of America Funding Trust, Series 2015-R4, Class 8A1, 0.28% (US0001M + 17 bps), 1/27/35, Callable 11/25/60 @ 100*(b)  581,929 
 4,394  Bank of America Mortgage Securities, Series 2004-E, Class 1A1, 2.43%, 6/25/34, Callable 6/25/21 @ 100*(c)  4,436 
 6,234  Bank of America Mortgage Securities, Series 2003-H, Class 2A3, 2.78%, 9/25/33, Callable 6/25/21 @ 100*(c)  6,255 
 8,255  Bank of America Mortgage Securities, Series 2006-A, Class 2A1, 2.79%, 2/25/36, Callable 6/25/21 @ 100*(c)  8,191 
 4,113  Bank of America Mortgage Securities, Series 2006-B, Class 2A1, 3.15%, 11/20/46, Callable 6/20/21 @ 100*(c)  3,947 
 5,325  Bear Stearns Adjustable Rate Mortgage Trust, Series 2005-9, Class A1, 2.41% (H15T1Y + 230 bps), 10/25/35, Callable 6/25/21 @ 100*  5,427 
 5,339  Bear Stearns Adjustable Rate Mortgage Trust, Series 2004-6, Class 1A1, 2.60%, 9/25/34, Callable 6/25/21 @ 100*(c)  5,150 
 4,368  Bear Stearns Adjustable Rate Mortgage Trust, Series 2004-10, Class 15A1, 2.64%, 1/25/35, Callable 6/25/21 @ 100*(c)  4,295 
 14,644  Bear Stearns Adjustable Rate Mortgage Trust, Series 2006-4, Class 1A1, 3.05%, 10/25/36, Callable 6/25/21 @ 100*(c)  14,384 
 13,509  Bear Stearns Mortgage Securities, Inc., Series 1997-6, Class 1A, 6.30%, 3/25/31, Callable 6/25/21 @ 100*(c)  13,515 
 12,313  Chase Mortgage Finance Corp., Series 2007-A2, Class 10A1, 3.34%, 7/25/37, Callable 6/25/21 @ 100*(c)  11,489 
 7,933  Citigroup Mortgage Loan Trust, Inc., Series 2005- 3, Class 2A2A, 3.06%, 8/25/35(c)  8,221 
 57,029  Coast Savings & Loan Association, Series 1992- 1, Class A, 2.57%, 7/25/22, Callable 6/25/21 @ 100*(c)  57,369 
 3,445  Countrywide Home Loans, Series 2003-60, Class 2A1, 2.24%, 2/25/34, Callable 6/25/21 @ 100*(c)  3,323 
 9,017  Countrywide Home Loans, Series 2003-58, Class 2A2, 2.83%, 2/19/34, Callable 6/19/21 @ 100*(c)  9,317 

 

See notes to the schedule of portfolio investments.

- 2 -

 

 

Schedule of Portfolio InvestmentsLimited Duration Fund
May 31, 2021 (Unaudited)Continued

 

Shares or
Principal
Amount
  Security Description Value 
     
Mortgage Backed Securities†, continued    
Prime Adjustable Rate Mortgage Backed Securities, continued:    
$5,814  Countrywide Home Loans, Series 2004-12, Class 10A1, 3.04%, 8/25/34, Callable 6/25/21 @ 100*(c) $5,700 
 256  Countrywide Home Loans, Series 2003-42, Class 1A1, 3.99%, 9/25/33, Callable 6/25/21 @ 100*(c)  260 
 31,501  Credit Suisse First Boston Mortgage Securities Corp., Series 2002-AR28, Class CB3, 2.58%, 11/25/32, Callable 6/25/21 @ 100*(c)  16,526 
 27,499  Credit Suisse First Boston Mortgage Securities Corp., Series 2004-AR7, Class 2A1, 3.04%, 11/25/34, Callable 6/25/21 @ 100*(c)  29,313 
 8,244  First Horizon Mortgage Pass-Through Trust, Series 2005-AR4, Class 2A1, 2.94%, 10/25/35, Callable 6/25/21 @ 100*(c)  8,295 
 43,593  GMAC Mortgage Corp. Loan Trust, Series 2005-AR6, Class 3A1, 3.00%, 11/19/35, Callable 6/19/21 @ 100*(c)  43,223 
 11,389  GSR Mortgage Loan Trust, Series 2005-AR7, Class 2A1, 2.82%, 11/25/35, Callable 6/25/21 @ 100*(c)  11,492 
 28,284  GSR Mortgage Loan Trust, Series 2005-AR2, Class 1A2, 3.03%, 4/25/35, Callable 6/25/21 @ 100*(c)  28,459 
 7,438  Harborview Mortgage Loan Trust, Series 2005-14, Class 3A1A, 2.66%, 12/19/35, Callable 6/19/21 @ 100*(c)  7,201 
 67,874  Harborview Mortgage Loan Trust, Series 2004-10, Class 3A1B, 3.03%, 1/19/35, Callable 6/19/21 @ 100*(c)  72,592 
 12,569  Indymac Index Mortgage Loan Trust, Series 2004-AR4, Class 1A, 2.85%, 8/25/34, Callable 6/25/21 @ 100*(c)  12,510 
 25,188  Indymac Index Mortgage Loan Trust, Series 2004-AR4, Class 3A, 3.03%, 8/25/34, Callable 6/25/21 @ 100*(c)  25,602 
 24,955  Indymac Index Mortgage Loan Trust, Series 2006-AR13, Class A1, 3.08%, 7/25/36, Callable 10/25/21 @ 100*(c)  20,896 
 37,428  Indymac Index Mortgage Loan Trust, Series 2006-AR19, Class 1A2, 3.19%, 8/25/36, Callable 6/25/21 @ 100*(c)  28,351 
 669  JPMorgan Mortgage Trust, Series 2005-A4, Class 3A1, 2.74%, 7/25/35, Callable 6/25/21 @ 100*(c)  669 
 1,979  JPMorgan Mortgage Trust, Series 2006-A5, Class 3A4, 2.92%, 8/25/36, Callable 6/25/21 @ 100*(c)  1,787 
 796,909  LSTAR Securities Investment, Ltd., Series 2021-1, Class A, 1.91% (US0001M + 180 bps), 2/1/26, Callable 2/1/23 @ 100*(b)  796,736 
 600,000  Mello Warehouse Securitization Trust, Series 2021-2, Class C, 1.19% (US0001M + 110 bps), 4/25/55, Callable 4/25/24 @ 100*(b)  600,867 
 1,000,000  Mello Warehouse Securitization Trust, Series 2020-2, Class E, 2.34% (US0001M + 225 bps), 11/25/53, Callable 12/25/23 @ 100*(b)  1,002,482 
 9,486  Merrill Lynch Mortgage Investors Trust, Series 2004-1, Class 2A2, 2.12%, 12/25/34, Callable 6/25/21 @ 100*(c)  9,703 

 

Shares or
Principal
Amount
  Security Description Value 
     
Mortgage Backed Securities†, continued   
Prime Adjustable Rate Mortgage Backed Securities, continued:   
$918‌  Merrill Lynch Mortgage Investors Trust, Series 2004-A1, Class 2A2, 2.31%, 2/25/34, Callable 11/25/21 @ 100*(c) $943‌ 
 9,015  Merrill Lynch Mortgage Investors Trust, Series 2004-A2, Class 1A, 2.93%, 7/25/34, Callable 2/25/26 @ 100*(c)  9,219 
 7,960  Morgan Stanley Mortgage Loan Trust, Series 2004-6AR, Class 3A, 2.75%, 8/25/34, Callable 3/25/30 @ 100*(c)  8,226 
 12,284  Morgan Stanley Mortgage Loan Trust, Series 2004-6AR, Class 2A2, 2.96%, 8/25/34, Callable 10/25/24 @ 100*(c)  12,631 
 2,846  Structured Adjustable Rate Mortgage Loan Trust, Series 2004-1, Class 3A1, 2.45%, 2/25/34, Callable 6/25/21 @ 100*(c)  2,818 
 23,489  Structured Adjustable Rate Mortgage Loan Trust, Series 2004-18, Class 1A2, 2.71%, 12/25/34, Callable 6/25/21 @ 100*(c)  23,028 
 7,959  Structured Asset Mortgage Investments, Inc., Series 2005-AR7, Class 1A1, 2.60%, 12/27/35, Callable 6/25/21 @ 100*(c)  8,287 
 13,448  Structured Asset Securities Corp., Series 2003-24A, Class 1A3, 2.34%, 7/25/33, Callable 6/25/21 @ 100*(c)  13,933 
 6,252  Washington Mutual Mortgage Pass-Through Certificates, Series 2004-AR10, Class A1B, 0.93% (US0001M + 42 bps), 7/25/44, Callable 6/25/21 @ 100*  6,337 
 4,350  Washington Mutual Mortgage Pass-Through Certificates, Series 2004-AR3, Class A2, 2.60%, 6/25/34, Callable 6/25/21 @ 100*(c)  4,470 
 53,129  Washington Mutual Mortgage Pass-Through Certificates, Series 2006-AR14, Class 1A1, 2.62%, 11/25/36, Callable 6/25/21 @ 100*(c)  52,799 
 8,945  Washington Mutual Mortgage Pass-Through Certificates, Series 2006-AR10, Class 1A2, 3.02%, 9/25/36, Callable 6/25/21 @ 100*(c)  8,831 
 1,500  Washington Mutual Mortgage Pass-Through Certificates, Series 2006-AR8, Class 1A1, 3.08%, 8/25/46, Callable 6/25/21 @ 100*(c)  1,491 
       3,712,116‌ 
Prime Fixed Mortgage Backed Securities (15.8%)    
 2,155,843  Angel Oak Mortgage Trust, Series 2019-6, Class A1, 2.62%, 11/25/59, Callable 12/25/21 @ 100*(b)(c)  2,172,518 
 2,470,460  Brean Asset Backed Securities Trust, Series RM1, Class A, 1.40%, 10/25/63, Callable 9/25/27 @ 100*(b)(c)  2,365,407 
 362,307  Citigroup Mortgage Loan Trust, Inc., Series 2014-C, Class A, 3.25%, 2/25/54, Callable 11/25/34 @ 100*(b)(c)  363,275 
 15,859  Citigroup Mortgage Loan Trust, Inc., Series 2003-1, Class WA2, 6.50%, 6/25/31, Callable 6/25/21 @ 100*  16,278 
 84,472  Citigroup Mortgage Loan Trust, Inc., Series 2004-NCM2, Class 1CB2, 6.75%, 8/25/34, Callable 6/25/21 @ 100*  89,938 
 15,357  Citigroup Mortgage Loan Trust, Inc., Series 2004-NCM2, Class 2CB3, 8.00%, 8/25/34, Callable 6/25/21 @ 100*  15,906 

  

See notes to the schedule of portfolio investments.

- 3 -

 

 

Schedule of Portfolio InvestmentsLimited Duration Fund
May 31, 2021 (Unaudited)Continued

 

Shares or      
Principal      
Amount  Security Description Value 
       
Mortgage Backed Securities†, continued   
Prime Fixed Mortgage Backed Securities, continued:   
$3,619  Credit Suisse First Boston Mortgage Securities Corp., Series 2004-7, Class 5A1, 5.00%, 10/25/19, Callable 6/25/21 @ 100* $3,603 
 78,573  Credit Suisse First Boston Mortgage Securities Corp., Series 2003-23, Class 1A11, 6.00%, 10/25/33  81,505 
 25,191  Credit Suisse First Boston Mortgage Securities Corp., Series 2003-8, Class 5A1, 6.50%, 4/25/33, Callable 6/25/21 @ 100*  26,179 
 20,175  Credit Suisse First Boston Mortgage Securities Corp., Series 2003-1, Class 1A1, 7.00%, 2/25/33, Callable 6/25/21 @ 100*  20,778 
 43,538  Credit Suisse First Boston Mortgage Securities Corp., Series 2002-10, Class 2B1, 7.50%, 5/25/32, Callable 6/25/21 @ 100*  18,846 
 225,995  Credit Suisse First Boston Mortgage Securities Corp., Series 2002-34, Class 1A1, 7.50%, 12/25/32, Callable 6/25/21 @ 100*  237,211 
 16,096  Galton Funding Mortgage Trust, Series 2018-1, Class A43, 3.50%, 11/25/57, Callable 11/25/22 @ 100*(b)(c)  16,153 
 25,707  GSR Mortgage Loan Trust, Series 2003-3F, Class 2A1, 4.50%, 4/25/33, Callable 6/25/21 @ 100*  25,591 
 21,954  GSR Mortgage Loan Trust, Series 2005-8F, Class 3A4, 6.00%, 11/25/35, Callable 9/25/23 @ 100*  13,268 
 1,270,830  JPMorgan Mortgage Trust, Series 2020-4, Class A3A, 2.50%, 11/25/50, Callable 3/25/23 @ 100*(b)(c)  1,290,055 
 789,962  JPMorgan Mortgage Trust, Series 2017-2, Class A4, 3.00%, 5/25/47, Callable 10/25/22 @ 100*(b)(c)  803,796 
 11,339  Lehman Mortgage Trust, Series 2005-3, Class 1A3, 5.50%, 1/25/36, Callable 6/25/21 @ 100*  8,578 
 520,447  MFRA Trust, Series 2017-RPL1, Class A1, 2.59%, 2/25/57, Callable 11/25/27 @ 100*(b)(c)  525,676 
 1,550,000  NewRez Warehouse Securitization Trust, Series 2021-1, Class D, 1.49% (US0001M + 140 bps), 5/25/55, Callable 5/25/24 @ 100*(b)  1,552,758 
 7,360  Residential Funding Mortgage Securities I, Series 2005-S7, Class A1, 5.50%, 11/25/35, Callable 6/25/21 @ 100*  7,055 
 13,659  Residential Funding Mortgage Securities I, Series 2003-S9, Class A1, 6.50%, 3/25/32, Callable 6/25/21 @ 100*  14,169 
 26,063  Sequoia Mortgage Trust, Series 2018-CH1, Class A10, 4.00%, 2/25/48, Callable 9/25/22 @ 100*(b)(c)  26,073 
 19,128  Sequoia Mortgage Trust, Series 2018-CH2, Class A12, 4.00%, 6/25/48, Callable 11/25/22 @ 100*(b)(c)  19,127 
 1,749,487  Starwood Mortgage Residential Trust, Series 2018-IMC2, Class A1, 4.12%, 10/25/48, Callable 12/25/21 @ 100*(b)(c)  1,776,496 
 77,808  Structured Asset Mortgage Investments, Inc., Series 1999-2, Class 3A, 6.75%, 5/25/29, Callable 6/25/21 @ 100*  80,825 

 

Shares or      
Principal      
Amount  Security Description Value 
       
Mortgage Backed Securities†, continued   
Prime Fixed Mortgage Backed Securities, continued:   
$1,728,459  Verus Securitization Trust, Series 2020-1, Class A1, 2.42%, 1/25/60, Callable 9/25/22 @ 100*(b)(c) $1,753,906 
       13,324,970 
Subprime Mortgage Backed Securities (2.6%)    
 171,342  Towd Point Mortgage Trust, Series 2016-1, Class A1B, 2.75%, 2/25/55, Callable 2/25/23 @ 100*(b)(c)  171,780 
 458,795  Towd Point Mortgage Trust, Series 2017-1, Class A1, 2.75%, 10/25/56, Callable 7/25/26 @ 100*(b)(c)  465,694 
 883,049  Towd Point Mortgage Trust, Series 2017-2, Class A1, 2.75%, 4/25/57, Callable 12/25/23 @ 100*(b)(c)  895,894 
 685,708  Towd Point Mortgage Trust, Series 2017-6, Class A1, 2.75%, 10/25/57, Callable 7/25/24 @ 100*(b)(c)  705,164 
       2,238,532 
U.S. Government Agency Mortgage Backed Securities (17.3%)    
 264,935  Fannie Mae, Series 2013-68, Class 10A1, 1.00%, 3/25/42  262,239 
 15,599  Fannie Mae, 1.70% (US0012M + 132 bps), 1/1/35, Pool #805386  16,144 
 119,166  Fannie Mae, Series 2012-31, Class PA, 2.00%, 4/25/41  121,656 
 248,370  Fannie Mae, Series 2012-51, Class EB, 2.00%, 1/25/40  251,571 
 223,191  Fannie Mae, Series 2012-96, Class PD, 2.00%, 7/25/41  226,457 
 224,460  Fannie Mae, Series 2013-18, Class 10A1, 2.00%, 12/25/42  230,644 
 1,778  Fannie Mae, 2.07% (H15T1Y + 187 bps), 12/1/22, Pool #303247  1,783 
 139,363  Fannie Mae, Series 2013-73, Class 10A1, 2.25%, 6/25/42  144,046 
 156,539  Fannie Mae, Series 2013-74, Class 10A1, 2.25%, 6/25/42(c)  162,057 
 1,702  Fannie Mae, 2.39% (H15T1Y + 216 bps), 6/1/32, Pool #725286  1,705 
 26,866  Fannie Mae, 2.67% (H15T1Y + 229 bps), 2/1/30, Pool #556998  26,801 
 97,710  Fannie Mae, Series 2011-118, Class 10A1, 3.00%,11/25/41  104,711 
 291,232  Fannie Mae, Series 2014-1, Class AB, 3.00%, 6/25/43  304,936 
 1,005,713  Fannie Mae, Series 2018-83, Class LC, 3.00%, 11/25/48  1,049,396 
 757,568  Fannie Mae, Series 2003-W14, Class 2A, 3.88%, 1/25/43, Callable 6/25/21 @ 100*(c)  793,674 
 1,854,122  Fannie Mae, Series 2003-W12, Class 3A, 3.94%, 3/25/43, Callable 6/25/21 @ 100*(c)  1,991,313 
 556,422  Fannie Mae, Series 2003-W16, Class AF5, 4.40%, 11/25/33, Callable 6/25/21 @ 100*(c)(d)  619,460 
 7,313  Fannie Mae, Series 2001-W4, Class AF6, 5.11%, 1/25/32, Callable 6/25/21 @ 100*(c)(d)  7,849 
 2,552,308  Fannie Mae, Series 2004-W3, Class A7, 5.50%, 5/25/34, Callable 6/25/21 @ 100*  2,893,742 
 243  Fannie Mae, Series 1992-129, Class L, 6.00%, 7/25/22  246 

 

See notes to the schedule of portfolio investments.

- 4 -

 

  

Schedule of Portfolio InvestmentsLimited Duration Fund
May 31, 2021 (Unaudited)Continued

 

Shares or      
Principal      
Amount  Security Description Value 
       
Mortgage Backed Securities†, continued   
U.S. Government Agency Mortgage Backed Securities, continued:   
$8,251  Fannie Mae, Series 2001-W2, Class AF6, 6.09%, 10/25/31, Callable 6/25/21 @ 100*(c)(d) $8,823 
 8,350  Fannie Mae, Series 2001-W1, Class AF6, 6.40%, 7/25/31, Callable 6/25/21 @ 100*(c)(d)  10,344 
 1  Fannie Mae, Series 1991-108, Class J, 7.00%, 9/25/21  1 
 84  Fannie Mae, Series 1992-195, Class C, 7.50%, 10/25/22  86 
 1,000  Fannie Mae, Series 1996-42, Class LL, 7.50%, 9/25/26  1,090 
 782,524  Fannie Mae Grantor Trust, Series 2003-T4, Class 2A5, 4.66%, 9/26/33, Callable 6/26/21 @ 100*(c)(d)  869,913 
 81,359  Freddie Mac, Series 4146, Class 10A1, 1.50%, 10/15/42  83,088 
 692,560  Freddie Mac, Series 4220, Class KC, 1.50%, 5/15/32  709,525 
 3,523  Freddie Mac, 1.77% (US0006M + 154 bps), 4/1/36, Pool #1N0148  3,661 
 222,030  Freddie Mac, Series 4039, Class ME, 2.00%, 12/15/40(c)  224,740 
 158,626  Freddie Mac, Series 3982, Class MD, 2.00%, 5/15/39  162,827 
 211,692  Freddie Mac, Series 4019, Class GB, 2.00%, 12/15/41  218,964 
 187,449  Freddie Mac, Series 4030, Class DA, 2.00%, 2/15/41  190,628 
 560,722  Freddie Mac, Series 4272, Class YG, 2.00%, 11/15/26  572,045 
 185,897  Freddie Mac, Series 4408, Class GA, 2.00%, 9/15/41  191,058 
 25,355  Freddie Mac, Series 3890, Class BA, 2.50%, 11/15/40  25,725 
 243,446  Freddie Mac, Series 3913, Class PC, 2.50%, 3/15/41  249,816 
 322,891  Freddie Mac, Series 4312, Class 10A1, 2.50%, 12/15/41  333,551 
 8,781  Freddie Mac, Series 4017, Class MA, 3.00%, 3/15/41  8,819 
 536,365  Freddie Mac, Series 4374, Class GA, 3.00%, 9/15/36  571,742 
 377,415  Freddie Mac, Series T-67, Class 1A1C, 3.16%, 3/25/36, Callable 6/25/21 @ 100*(c)  406,072 
 7,645  Freddie Mac, 4.00%, 9/1/33, Pool #N31025  8,190 
 1,659  Freddie Mac, Series 3688, Class HQ, 6.00%, 11/15/21  1,669 
 328  Freddie Mac, Series 1474, Class E, 7.00%, 2/15/23, Callable 7/15/21 @ 100*  341 
 325  Freddie Mac, Series 1310, Class J, 8.00%, 6/15/22, Callable 7/15/21 @ 100*  334 
 261  Freddie Mac, Series 1312, Class I, 8.00%, 7/15/22, Callable 7/15/21 @ 100*  269 
 786  Government National Mortgage Assoc., 2.00% (H15T1Y + 150 bps), 1/20/23, Pool #8123  794 
 1,785  Government National Mortgage Assoc., 2.00% (H15T1Y + 150 bps), 1/20/25, Pool #8580  1,829 
 968  Government National Mortgage Assoc., 2.00% (H15T1Y + 150 bps), 3/20/26, Pool #8832  980 
 1,383  Government National Mortgage Assoc., 2.00% (H15T1Y + 150 bps), 3/20/29, Pool #80263  1,405 
 344,080  Government National Mortgage Assoc., Series 2013-69, 2.00%, 9/20/42  357,090 
 1,810  Government National Mortgage Assoc., 2.13% (H15T1Y + 150 bps), 12/20/27, Pool #80141  1,881 

  

Shares or      
Principal      
Amount  Security Description Value 
       
Mortgage Backed Securities†, continued   
U.S. Government Agency Mortgage Backed Securities, continued:   
$4,700  Government National Mortgage Assoc., 2.13% (H15T1Y + 150 bps), 11/20/29, Pool #876947 $4,746 
 223  Government National Mortgage Assoc., 2.50% (H15T1Y + 150 bps), 12/20/21, Pool #8889  223 
 2,881  Government National Mortgage Assoc., 2.50% (H15T1Y + 150 bps), 1/20/25, Pool #8585  2,961 
 9,195  Government National Mortgage Assoc., 2.87% (H15T1Y + 150 bps), 5/20/34, Pool #80916  9,469 
 84  Government National Mortgage Assoc., 6.50%, 12/15/25, Pool #414856  94 
 52  Government National Mortgage Assoc., 7.00%, 4/20/24, Pool #1655  54 
 27  Government National Mortgage Assoc., 7.00%, 11/20/26, Pool #2320  27 
 30,491  Government National Mortgage Assoc., Series 2013-176, Class BE, 7.16%, 3/16/46, Callable 6/16/21 @ 100*(c)  46,060 
 177  Government National Mortgage Assoc., 7.50%, 3/15/24, Pool #376439  180 
       14,491,544 
Total Mortgage Backed Securities (Cost $34,967,016)  35,273,261 
     
Corporate Bonds (15.7%)    
Aerospace & Defense (1.3%)    
 920,000  Boeing Co. (The), 7.95%, 8/15/24  1,116,634 
Banks (4.9%)    
 1,450,000  Bank of America Corp., 3.55% (US0003M + 78 bps), 3/5/24, Callable 3/5/23 @ 100*  1,529,493 
 1,500,000  Mizuho Financial Group, Inc., 2.95%, 2/28/22  1,531,156 
 1,000,000  Mizuho Financial Group, Inc., 3.55%, 3/5/23  1,056,589 
Capital Markets (0.0%^)  4,117,238 
 2,000,000  Lehman Brothers Holdings, Inc., 6.00%, 7/19/12, MTN (e)  14,000 
Oil, Gas & Consumable Fuels (6.6%)    
 2,515,000  HollyFrontier Corp., 2.63%, 10/1/23  2,599,813 
 900,000  ONEOK, Inc., 2.20%, 9/15/25, Callable 8/15/25 @ 100*  925,371 
 1,915,000  ONEOK, Inc., 2.75%, 9/1/24, Callable 8/1/24 @ 100*  2,021,854 
       5,547,038 
Tobacco (2.9%)    
 2,150,000  Altria Group, Inc., 4.40%, 2/14/26, Callable 12/14/25 @ 100*  2,436,808 
Total Corporate Bonds (Cost $13,734,123)  13,231,718 
     
Taxable Municipal Bonds (1.3%)    
Georgia (1.3%)    
 1,000,000  State of Georgia, Build America Bonds, GO, Series H,4.50%,11/1/25  1,098,559 
Total Taxable Municipal Bonds (Cost $1,054,675)  1,098,559 
     
U.S. Government Agency Securities (3.6%)    
Federal Farm Credit Banks    
 1,000,000  1.23%, 9/10/29, Callable 9/10/21 @ 100*  966,950 
Federal Home Loan Banks    
 1,250,000  0.75%, 4/30/27, Callable 7/30/21 @ 100*(c)  1,250,069 
 850,500  1.11%, 5/28/26, Callable 6/28/21 @ 100*  850,520 
       2,100,589 
Total U.S. Government Agency Securities (Cost $3,100,500)  3,067,539 

  

See notes to the schedule of portfolio investments.

- 5 -

 

 

Schedule of Portfolio InvestmentsLimited Duration Fund
May 31, 2021 (Unaudited)Concluded

 

Shares or
Principal
Amount
  Security Description Value 
     
U.S. Treasury Obligations (9.8%)    
U.S. Treasury Notes    
$4,169,000‌  0.50%,2/28/26 $4,121,122‌ 
 4,000,000‌  1.50%,10/31/24  4,147,187‌ 
Total U.S. Treasury Obligations (Cost $8,070,367)  8,268,309‌ 
     
Investment in Affiliates (3.8%)    
 3,204,243  Cavanal Hill Government Securities Money Market Fund, Select Shares, 0.01%(f)  3,204,243‌ 
Total Investment in Affiliates (Cost $3,204,243)  3,204,243‌ 
     
Total Investments (Cost $84,777,684) - 100.6%  84,826,152‌ 
Liabilities in excess of other assets † (0.6)%  (542,572‌) 
Net Assets - 100.0% $84,283,580‌ 

 

 
(a)Represents a restricted security, purchased under Rule 144A, Section 4(2), which is exempt from registration under the Securities Act of 1933, as amended. The security has been deemed illiquid according to the policies and procedures adopted by the Board of Trustees. At May 31, 2021, illiquid securities were 1.3% of the Fund's net assets.
(b)Represents a restricted security, purchased under Rule 144A, Section 4(2), which is exempt from registration under the Securities Act of 1933, as amended. The security has been deemed liquid according to the policies and procedures adopted by the Board of Trustees.
(c)The rate for certain asset-backed and mortgage-backed securities may vary based on factors relating to the pool of assets underlying the security. The rate presented is the rate in effect at May 31, 2021.
(d)Step Bond: Coupon rate is set for an initial period and then increased to a higher coupon rate at a specified date. The rate shown is the rate in effect at May 31, 2021.
(e)Issuer has defaulted on the payment of interest.
(f)Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at May 31, 2021.
*Represents next call date. Additional subsequent call dates and amounts may apply to this security.
^Represents less than 0.05%.
Mortgage backed securities are classified based on the characteristics of their underlying collateral, the fixed vs. variable nature of the obligations, and the credit standing of the mortgagors. The fixed or variable rate nature of securities interest payments to which the fund is entitled may not coincide with the payment nature of the collateral underlying the securities.

 

12MTA12 Month Treasury Average
GOGeneral Obligation
H15T1Y1 Year Treasury Constant Maturity Rate
LIBORLondon Interbank Offered Rate
MTNMedium Term Note
US0001M1 Month US Dollar LIBOR
US0003M3 Month US Dollar LIBOR
US0006M6 Month US Dollar LIBOR
US0012M12 Month US Dollar LIBOR

 

See notes to the schedule of portfolio investments.

- 6 -

 

 

Schedule of Portfolio InvestmentsModerate Duration Fund
May 31, 2021 (Unaudited) 

 

Shares or

Principal

Amount

  Security Description Value 
     
Asset Backed Securities (11.9%)    
$378,755‌  AmeriCredit Automobile Receivables Trust, Series 2016-4, Class D, 2.74%, 12/8/22, Callable 7/8/21 @ 100*  $379,005‌ 
 275,999‌  Bayview Opportunity Master Fund IVb Trust, Series 2017-SPL4, Class A, 3.50%, 1/28/55, Callable 7/28/21 @ 100*(a)(b)  283,289‌ 
 378,908  CLI Funding VI LLC, Series 2020-3A, Class A, 2.07%, 10/18/45, Callable 11/18/22 @ 100*(b)  383,514‌ 
 314,438‌  DB Master Finance LLC, Series 2017-1A, Class A2I, 3.63%, 11/20/47, Callable 11/20/21 @ 100*(b)  319,091‌ 
 275,000  Domino's Pizza Master Issuer LLC, Series 2021-1A, Class A2I, 2.66%, 4/25/51, Callable 10/25/25 @ 100*(b)  279,410‌ 
 289,156‌  Longtrain Leasing III LLC, Series 2015-1A, Class A2, 4.06%, 1/15/45, Callable 1/15/25 @ 100*(b)  294,036‌ 
 175,000  Sabey Data Center Issuer LLC, Series 2020-1, Class A2, 3.81%, 3/20/45, Callable 11/20/23 @ 100*(b)  186,554‌ 
 263,233  Textainer Marine Containers VII, Ltd., Series 2A, Class A, 2.23%, 4/20/46, Callable 4/20/23 @ 100*(b)  266,519‌ 
 300,000  Vantage Data Centers LLC, Series 2020-1A, Class A2, 1.65%, 9/15/45, Callable 9/15/23 @ 100*(b)  300,317‌ 
 290,650  VR Funding LLC, Series 2020-1A, Class A, 2.79%, 11/15/50, Callable 11/15/23 @ 100*(b)  286,213‌ 
 155,000  Willis Engine Structured Trust VI, Series 2021-A, Class A, 3.10%, 5/15/46, Callable 5/15/29 @ 100*(b)  154,992‌ 
Total Asset Backed Securities (Cost $3,113,543)  3,132,940 
     
Mortgage Backed Securities† (22.2%)    
Alt-A - Adjustable Rate Mortgage Backed Securities (0.5%)    
 131,618  Bear Stearns Alternative-A Trust, Series 2005-7, Class 11A1, 0.65% (US0001M + 54 bps), 8/25/35, Callable 6/25/21 @ 100*  132,701‌ 
Alt-A - Fixed Rate Mortgage Backed Securities (2.0%)    
 54,162  Chaseflex Trust, Series 2005-2, Class 1A1, 6.00%, 6/25/35, Callable 6/25/21 @ 100*  48,021‌ 
 3,403  Countrywide Alternative Loan Trust, Series 2005-3CB, Class 1A4, 5.25%, 3/25/35, Callable 6/25/21 @ 100*  3,355‌ 
 10,378  Countrywide Alternative Loan Trust, Series 2004-5CB, Class 1A1, 6.00%, 5/25/34, Callable 6/25/21 @ 100*  10,697‌ 
 70,645  Countrywide Alternative Loan Trust, Series 2006-J8, Class A2, 6.00%, 2/25/37, Callable 2/25/23 @ 100*  45,459‌ 
 52,137‌  Deutsche Alternative-A Securities, Inc. Mortgage Loan Trust, Series 2006-AB2, Class A3, 4.97%, 6/25/36, Callable 6/25/21 @ 100*(a)  51,837‌ 
 9,817  Master Alternative Loans Trust, Series 2004-1, Class 4A1, 5.50%, 2/25/34, Callable 6/25/21 @ 100*  10,137‌ 
 3,768  Master Alternative Loans Trust, Series 2004-13, Class 12A1, 5.50%, 12/25/19, Callable 6/25/21 @ 100*  3,485‌ 

 

Shares or
Principal
Amount
  Security Description Value 
       
Mortgage Backed Securities†, continued    
Alt-A - Fixed Rate Mortgage Backed Securities, continued:    
$12,029  Master Alternative Loans Trust, Series 2004-4, Class 1A1, 5.50%, 5/25/34, Callable 6/25/21 @ 100* $12,387‌ 
 154  ‌Master Alternative Loans Trust, Series 2005-1, Class 5A1, 5.50%, 1/25/20, Callable 7/25/25 @ 100*  150‌ 
 31,175  ‌Master Alternative Loans Trust, Series 2004-6, Class 10A1, 6.00%, 7/25/34, Callable 6/25/21 @ 100*  32,497‌ 
 19,629‌  Master Alternative Loans Trust, Series 2004-6, Class 7A1, 6.00%, 7/25/34, Callable 6/25/21 @ 100*  20,453‌ 
 7,408‌  Master Alternative Loans Trust, Series 2003-7, Class 6A1, 6.50%, 12/25/33, Callable 6/25/21 @ 100*  7,790‌ 
 14,843  ‌Master Alternative Loans Trust, Series 2004-4, Class 8A1, 6.50%, 5/25/34, Callable 6/25/21 @ 100*  15,432‌ 
 27,357  ‌Master Alternative Loans Trust, Series 2004-6, Class 6A1, 6.50%, 7/25/34, Callable 6/25/21 @ 100*  28,890‌ 
 4,911‌  Nomura Asset Acceptance Corp., Series 2005-AP1, Class 2A5, 5.36%, 2/25/35, Callable 6/25/21 @ 100*(a)(c)  5,027‌ 
 25,731  ‌Nomura Asset Acceptance Corp., Series 2005-AP2, Class A5, 5.48%, 5/25/35, Callable 6/25/21 @ 100*(a)(c)  17,110‌ 
 1,147  ‌Nomura Asset Acceptance Corp., Series 2005-WF1, Class 2A5, 5.66%, 3/25/35, Callable 6/25/21 @ 100*(a)(c)  1,166‌ 
 86,480  ‌Nomura Asset Acceptance Corp., Series 2006-AF1, Class 1A2, 6.16%, 5/25/36, Callable 6/25/21 @ 100*(a)  27,527‌ 
 38,489  ‌Ocwen Residential MBS Corp., Series 1998-R1, Class B1, 3.43%, 10/25/40, Callable 6/25/21 @ 100*(a)(b)  29,697‌ 
 2‌  Residential Accredit Loans, Inc., Series 2003-QS18, Class A1, 5.00%, 9/25/18, Callable 6/25/21 @ 100*  2‌ 
 2,805  ‌Residential Accredit Loans, Inc., Series 2006-QS18, Class 3A3, 5.75%, 12/25/21, Callable 6/25/21 @ 100*  2,714‌ 
 10,119‌  Residential Accredit Loans, Inc., Series 2006-QS5, Class A9, 6.00%, 5/25/36, Callable 6/25/21 @ 100*  9,667‌ 
 26,013  ‌Residential Accredit Loans, Inc., Series 2006-QS12, Class 1A2, 6.50%, 9/25/36, Callable 6/25/21 @ 100*  17,736‌ 
 39,442  ‌Residential Asset Securitization Trust, Series 2005-A14, Class A5, 5.50%, 12/25/35, Callable 11/25/21 @ 100*  28,240‌ 
 43,302  ‌Residential Asset Securitization Trust, Series 2006-A8, Class 1A1, 6.00%, 8/25/36, Callable 11/25/26 @ 100*  35,165‌ 
 44,713  ‌Washington Mutual Mortgage Pass-Through Certificates, Series 2005-6, Class 1CB, 6.50%, 8/25/35, Callable 6/25/21 @ 100*  44,577‌ 
       509,218‌ 

 

See notes to the schedule of portfolio investments.

- 7 -

 

 

Schedule of Portfolio InvestmentsModerate Duration Fund
May 31, 2021 (Unaudited)Continued

 

Shares or
Principal
Amount
  Security Description Value 
     
Mortgage Backed Securities†, continued    
Prime Adjustable Rate Mortgage Backed Securities (3.5%)    
$6,462‌  Bank of America Funding Corp., Series 2004-B, Class 5A1, 2.90%, 11/20/34, Callable 6/20/21 @ 100*(a) $6,489‌ 
 1,912  Bear Stearns Mortgage Trust, Series 2003-7, Class 4A, 2.72%, 10/25/33, Callable 6/25/21 @ 100*(a)  2,053‌ 
 4,607  Bear Stearns Mortgage Trust, Series 2004-9, Class 12A3, 2.85%, 11/25/34, Callable 6/25/21 @ 100*(a)  4,915‌ 
 10,900  Countrywide Home Loans, Series 2004-2, Class 2A1, 2.65%, 2/25/34, Callable 6/25/21 @ 100*(a)  10,394‌ 
 3,230‌  Countrywide Home Loans, Series 2004-12, Class 10A1, 3.04%, 8/25/34, Callable 6/25/21 @ 100*(a)  3,166‌ 
 10,535  HomeBanc Mortgage Trust, Series 2006-1, Class 1A1, 1.87%, 4/25/37, Callable 6/25/21 @ 100*(a)  9,475‌ 
 23,438‌  JPMorgan Mortgage Trust, Series 2005-A1, Class 3A4, 2.70%, 2/25/35, Callable 6/25/21 @ 100*(a)  23,198‌ 
 3,862‌  JPMorgan Mortgage Trust, Series 2006-A2, Class 2A1, 2.80% (US0003M + 101 bps), 4/25/36, Callable 7/25/21 @ 100*  3,808‌ 
 18,364  JPMorgan Mortgage Trust, Series 2006-A6, Class 1A4L, 3.33%, 10/25/36, Callable 6/25/21 @ 100*(a)  16,054‌ 
 197,485  JPMorgan Mortgage Trust, Series 2005-A6, Class 3A3, 3.39%, 9/25/35, Callable 6/25/21 @ 100*(a)  201,042‌ 
 281,352  LSTAR Securities Investment, Ltd., Series 2019-4, Class A1, 2.61% (US0001M + 150 bps), 5/1/24(b)  279,896‌ 
 100,000‌  Mello Warehouse Securitization Trust, Series 2020-2, Class C, 1.39% (US0001M + 130 bps), 11/25/53, Callable 12/25/23 @ 100*(b).  100,251‌ 
 260,221‌  WinWater Mortgage Loan Trust, Series 2014-1, Class A1, 3.85%, 6/20/44, Callable 1/20/22 @ 100*(a)(b)  263,431‌ 
       924,172‌ 
Prime Fixed Mortgage Backed Securities (5.8%)    
 3,833  American Home Mortgage Investment Trust, Series 2005-2, Class 5A1, 5.56%, 9/25/35, Callable 6/25/21 @ 100*(a)(c)  3,722‌ 
 257,574  Angel Oak Mortgage Trust, Series 2019-5, Class A1, 2.59%, 10/25/49, Callable 10/25/21 @ 100*(a)(b)  258,900‌ 
 13,909  Chase Mortgage Finance Corp., Series 2007-S2, Class 2A1, 5.50%, 3/25/37, Callable 6/25/21 @ 100*  9,137‌ 
 7,445‌  Citigroup Mortgage Loan Trust, Inc., Series 2005-1, Class 3A1, 6.50%, 4/25/35  7,851‌ 
 8,018‌  Citigroup Mortgage Loan Trust, Inc., Series 2004-NCM1, Class 1A3, 6.75%, 7/25/34, Callable 6/25/21 @ 100*  8,409‌ 
 3,469  Countrywide Alternative Loan Trust, Series 2003-J3, Class 2A1, 6.25%, 12/25/33, Callable 6/25/21 @ 100*  3,527‌ 
 1,851  Countrywide Home Loans, Series 2004-J6, Class 1A2, 5.25%, 8/25/24, Callable 6/25/21 @ 100*  1,857‌ 

 

Shares or
Principal
Amount
  Security Description Value 
     
Mortgage Backed Securities†, continued    
Prime Fixed Mortgage Backed Securities, continued:    
$7,503  ‌Countrywide Home Loans, Series 2005-29, Class A1, 5.75%, 12/25/35, Callable 6/25/21 @ 100* $5,476‌ 
 4,023‌  Credit Suisse First Boston Mortgage Securities Corp., Series 2004-1, Class 4A1, 5.00%, 12/31/99, Callable 6/25/21 @ 100*  4,104‌ 
 17,322‌  Credit Suisse First Boston Mortgage Securities Corp., Series 2003-27, Class 8A1, 6.00%, 11/25/33, Callable 6/25/21 @ 100*  18,020‌ 
 6,603‌  Credit Suisse First Boston Mortgage Securities Corp., Series 2003-8, Class 5A1, 6.50%, 4/25/33, Callable 6/25/21 @ 100*  6,862‌ 
 38,225‌  Flagstar Mortgage Trust, Series 2019-2, Class A3, 3.50%, 12/25/49, Callable 9/25/23 @ 100*(a)(b)  38,351‌ 
 50,274‌  Galton Funding Mortgage Trust, Series 2017-1, Class A21, 3.50%, 7/25/56, Callable 9/25/28 @ 100*(a)(b)  50,991‌ 
 255,724‌  GS Mortgage-Backed Securities Corp. Trust, Series 2020-PJ3, Class A14, 3.00%, 10/25/50, Callable 10/25/24 @ 100*(a)(b)  261,718‌ 
 162,256‌  GSR Mortgage Loan Trust, Series 2004-13F, Class 2A1, 4.25%, 11/25/34, Callable 6/25/21 @ 100*  163,881‌ 
 108‌  GSR Mortgage Loan Trust, Series 2004-10F, Class 2A4, 5.00%, 8/25/19, Callable 6/25/21 @ 100*  108‌ 
 827  GSR Mortgage Loan Trust, Series 2003-2F, Class 3A1, 6.00%, 3/25/32, Callable 6/25/21 @ 100*  870‌ 
 19,738  Morgan Stanley Mortgage Loan Trust, Series 2004-3, Class 3A, 6.00%, 4/25/34, Callable 2/25/24 @ 100*  21,009‌ 
 407,214  New Residential Mortgage Loan Trust, Series 2019-NQM3, Class A1, 2.80%, 7/25/49, Callable 6/25/21 @ 100*(a)(b)  409,633‌ 
 1,607  Prime Mortgage Trust, Series 2004-CL1, Class 1A1, 6.00%, 2/25/34, Callable 6/25/21 @ 100*  1,631‌ 
 36,032  Residential Asset Mortgage Products, Inc., Series 2005-SL2, Class A3, 7.00%, 2/25/32, Callable 7/25/31 @ 100*  33,841‌ 
 144,896‌  Sequoia Mortgage Trust, Series 2013-1, Class 2A1, 1.86%, 2/25/43, Callable 6/25/21 @ 100*(a)(b)  145,281‌ 
 64,606‌  Sequoia Mortgage Trust, Series 2017-2, Class A4, 3.50%, 2/25/47, Callable 3/25/23 @ 100*(a)(b)  64,743‌ 
 9,654‌  Structured Asset Mortgage Investments, Inc., Series 1999-2, Class 3A, 6.75%, 5/25/29, Callable 6/25/21 @ 100*  10,029‌ 
 88‌  Structured Asset Securities Corp., Series 1997-2, Class 2A4, 7.25%, 3/28/30, Callable 6/28/21 @ 100*  91‌ 
 942‌  Washington Mutual Mortgage Pass-Through Certificates, Series 2003-S11, Class 1A, 5.00%, 11/25/33, Callable 6/25/21 @ 100*  974‌ 
 589‌  Washington Mutual Mortgage Pass-Through Certificates, Series 2004-RA1, Class 2A, 7.00%, 3/25/34, Callable 5/25/28 @ 100*  628‌ 
       1,531,644‌ 

  

See notes to the schedule of portfolio investments.

- 8 -

 

 

Schedule of Portfolio InvestmentsModerate Duration Fund
May 31, 2021 (Unaudited)Continued

 

Shares or      
Principal      
Amount  Security Description Value 
       
Mortgage Backed Securities†, continued    
Subprime Mortgage Backed Securities (0.9%)    
$70,381‌  Towd Point Mortgage Trust, Series 2018-1, Class A1, 3.00%, 1/25/58, Callable 7/25/25 @ 100*(a)(b) $72,839 
  157,724‌  Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25%, 3/25/58, Callable 11/25/25 @ 100*(a)(b)  164,020 
        236,859‌ 
U.S. Government Agency Mortgage Backed Securities (9.5%)    
  33,117‌  Fannie Mae, Series 2013-68, Class 10A1, 1.00%, 3/25/42  32,780 
  58‌  Fannie Mae, Series 1992-45, Class F, 1.30% (T7Y), 4/25/22  58 
  180,886‌  Fannie Mae, Series 2012-30, Class BA, 2.00%, 6/25/41  186,900 
  104,779‌  Fannie Mae, Series 2012-8, Class KA, 2.00%, 6/25/41  107,334 
  37,410‌  Fannie Mae, Series 2013-18, Class 10A1, 2.00%, 12/25/42  38,441 
  1,534‌  Fannie Mae, 2.20% (US0012M + 162 bps), 9/1/33, Pool #739372  1,547 
  1,863‌  Fannie Mae, 2.23% (US0012M + 186 bps), 1/1/37, Pool #906675  1,866 
  62,616‌  Fannie Mae, Series 2013-74, Class 10A1, 2.25%, 6/25/42(a)  64,823 
  90,208‌  Fannie Mae, Series 2010-100, Class LA, 2.50%, 7/25/40  94,145 
  96,814‌  Fannie Mae, Series 2014-61, Class P, 2.50%, 7/25/44  101,418 
  103,643‌  Fannie Mae, Series 2015-12, Class PC, 2.50%, 7/25/44  105,922 
  194,131‌  Fannie Mae, Series 2017-M5, Class A1, 2.74%, 4/25/29  207,714 
  90,382‌  Fannie Mae, Series 2011-118, Class 10A1, 3.00%,11/25/41  96,858 
  168,431‌  Fannie Mae, Series 2015-59, Class LM, 3.00%, 7/25/45  178,491 
  226,637‌  Fannie Mae, Series 2018-M12, Class A1, 3.55%, 2/25/30  253,771 
  115‌  Fannie Mae, 6.00%, 4/1/35, Pool #735503  133 
  769‌  Fannie Mae, Series 2001-55, Class PC, 6.50%, 10/25/31  898 
  10,413‌  Fannie Mae, Series 2003-W2, Class 1A2, 7.00%, 7/25/42, Callable 6/25/21 @ 100*  12,532 
  402‌  Fannie Mae, Series 2002-T1, Class A3, 7.50%, 11/25/31, Callable 6/25/21 @ 100*  470 
  196‌  Fannie Mae, Series 1992-31, Class M, 7.75%, 3/25/22  200 
  8‌  Fannie Mae, Series G-32, Class L, 8.00%, 10/25/21  9 
  1‌  Fannie Mae, Series G-32, Class N, 8.10%, 10/25/21  1 
  15‌  Freddie Mac, Series 1222, Class P, 1.20% (T10Y - 40 bps), 3/15/22, Callable 7/15/21 @ 100*  14 
  20,340‌  Freddie Mac, Series 4146, Class 10A1, 1.50%, 10/15/42  20,772 
  96,918  Freddie Mac, Series 4220, Class KC, 1.50%, 5/15/32  99,292 
  28,629‌  Freddie Mac, Series 3936, Class LA, 2.00%, 6/15/40  28,849 

 

Shares or       
Principal       
Amount  Security Description  Value 
        
Mortgage Backed Securities†, continued    
U.S. Government Agency Mortgage Backed Securities, continued:    
$93,474‌  Freddie Mac, Series 4076, Class QC, 2.00%, 11/15/41 $95,549‌ 
 ‌103,181‌  Freddie Mac, Series 4408, Class GA, 2.00%, 9/15/41  106,046‌ 
 70,593‌ ‌  Freddie Mac, Series 4461, Class EA, 2.00%, 7/15/37  72,492‌ 
 239,611‌  Freddie Mac, Series 3908, Class B, 2.50%, 6/15/39  252,159‌ 
 58,658‌ ‌  Freddie Mac, Series 4312, Class 10A1, 2.50%, 12/15/41  60,595‌ 
 81,894‌ ‌  Freddie Mac, Series 4316, Class JY, 3.00%, 1/15/44  87,236‌ 
 37,949‌ ‌  Freddie Mac, Series 4332, Class NH, 3.00%, 9/15/43  38,815‌ 
 10,630‌ ‌  Freddie Mac, 5.37% (H15T1Y + 228 bps), 8/1/34, Pool #755230  10,747‌ 
 62‌ ‌  Freddie Mac, Series 1136, Class H, 6.00%, 9/15/21, Callable 7/15/21 @ 100*  63‌ 
 469‌ ‌  Freddie Mac, Series 1379, Class H, 7.00%, 10/15/22, Callable 7/15/21 @ 100*  483‌ 
 689‌ ‌  Freddie Mac, Series 1714, Class K, 7.00%, 4/15/24, Callable 7/15/21 @ 100*  735‌ 
 978‌ ‌  Freddie Mac, Series 1904, Class D, 7.50%, 10/15/26, Callable 7/15/21 @ 100*  1,097‌ 
 10‌ ‌  Freddie Mac, Series 1119, Class H, 7.75%, 8/15/21, Callable 7/15/21 @ 100*  10‌ 
 407‌ ‌  Freddie Mac, Series 1281, Class I, 8.00%, 5/15/22, Callable 7/15/21 @ 100*  415‌ 
 769‌ ‌  Freddie Mac, Series 1310, Class J, 8.00%, 6/15/22, Callable 7/15/21 @ 100*  790‌ 
 3,065‌ ‌  Government National Mortgage Assoc., Series 2013-104, Class DC, 2.00%, 4/20/40  3,087‌ 
 73,732‌ ‌  Government National Mortgage Assoc., Series 2013-69, 2.00%, 9/20/42  76,519‌ 
 14,703‌ ‌  Government National Mortgage Assoc., Series 2010-69, Class MC, 2.50%, 4/20/40  14,800‌ 
 8,775‌ ‌  Government National Mortgage Assoc., Series 2010-98, Class CH, 3.00%, 10/20/39  8,846‌ 
 ‌25,511‌  Government National Mortgage Assoc., Series 2010-98, Class MG, 3.00%, 8/20/39  26,077‌ 
 ‌4,476‌  Government National Mortgage Assoc., 7.00%, 3/15/26, Pool #419128  4,495‌ 
 ‌55‌  Government National Mortgage Assoc., 7.00%, 3/20/27, Pool #2394  61‌ 
 ‌501‌  Government National Mortgage Assoc., 8.00%, 5/15/23, Pool #343406  503‌ 
 ‌281‌  Government National Mortgage Assoc., 8.00%, 10/20/24, Pool #1884  298‌ 
 ‌38‌  Government National Mortgage Assoc., 8.00%, 2/20/26, Pool #2171  42‌ 
 ‌15‌  Government National Mortgage Assoc., 8.00%, 3/20/26, Pool #2187  15‌ 
 ‌1,065‌  Government National Mortgage Assoc., 8.00%, 4/20/26, Pool #2205  1,150‌ 
 ‌3,146‌  Government National Mortgage Assoc., 8.00%, 5/20/26, Pool #2219  3,440‌ 
      2,501,803 
Total Mortgage Backed Securities (Cost $5,778,895)  5,836,397 

 

See notes to the schedule of portfolio investments.

- 9 -

 

 

Schedule of Portfolio InvestmentsModerate Duration Fund
May 31, 2021 (Unaudited)Continued

 

Shares or       
Principal       
Amount  Security Description  Value 
         
Corporate Bonds (27.9%)    
Aerospace & Defense (1.8%)    
$450,000‌  Boeing Co. (The), 3.25%, 2/1/28, Callable 12/1/27 @ 100* $473,835‌ 
Airlines (1.0%)    
 247,429‌  United Airlines Pass Through Trust, Series 2020-1, Class A, 5.88%, 4/15/29  273,489‌ 
Banks (3.2%)    
 510,000‌  Bank of America Corp., 3.55% (US0003M + 78 bps), 3/5/24, Callable 3/5/23 @ 100 *  537,960‌ 
 290,000‌  Wells Fargo & Co., 3.00%, 10/23/26  314,471‌ 
       852,431‌ 
Beverages (1.0%)    
 240,000‌  PepsiCo, Inc., 2.75%, 3/19/30, Callable 12/19/29 @ 100*  255,994‌ 
Capital Markets (1.2%)    
 290,000‌  Goldman Sachs Group, Inc., 3.50%, 11/16/26, Callable 11/16/25 @ 100 *  316,962‌ 
Diversified Financial Services (1.2%)    
 300,000‌  National Rural Utilities Cooperative Finance Corp., 3.25%, 11/1/25, Callable 8/1/25 @ 100 *  326,226‌ 
Electric Utilities (1.1%)    
 275,000‌  Entergy Mississippi LLC, 3.25%, 12/1/27, Callable 9/1/27 @ 100 *  300,246‌ 
Entertainment (2.1%)    
 215,000‌  The Walt Disney Co., 2.00%, 9/1/29, Callable 6/1/29 @ 100*  214,109‌ 
 300,000‌  Walt Disney Co. (The), 3.35%, 3/24/25  327,238‌ 
       541,347‌ 
Equity Real Estate Investment Trusts (0.5%)    
 136,851  ‌  JBG/Rockville NCI Campus LLC, Series 2010-A, 3.90%, 7/15/23 (b)  139,666‌ 
Food Products (1.2%)    
 300,000‌  Mars, Inc., 3.20%, 4/1/30, Callable 1/1/30 @ 100 *(b)  325,351‌ 
Health Care Providers & Services (2.5%)    
 225,000‌  Ascension Health, Series B, 2.53%, 11/15/29, Callable 8/15/29 @ 100 *  233,407‌ 
 370,000‌  Sutter Health, 3.70%, 8/15/28, Callable 5/15/28 @ 100*  409,005‌ 
       642,412‌ 
Hotels, Restaurants & Leisure (1.8%)    
 425,000‌  Hyatt Hotels Corp., 4.38%, 9/15/28, Callable 6/15/28 @ 100*  463,784‌ 
Household Durables (1.7%)    
 400,000  Harman International Industries, Inc., 4.15%, 5/15/25, Callable 2/15/25 @ 100 *  440,784‌ 
Insurance (1.2%)    
 300,000‌  Jackson National Life Global Funding, 2.65%, 6/21/24 (b)  316,073‌ 
Internet & Direct Marketing Retail (1.4%)    
 335,000‌  Expedia Group, Inc., 3.80%, 2/15/28, Callable 11/15/27 @ 100*  361,138‌ 
Oil, Gas & Consumable Fuels (1.5%)    
 380,000‌  HollyFrontier Corp., 2.63%, 10/1/23  392,815‌ 
Semiconductors & Semiconductor Equipment (2.0%)    
 460,000‌  Broadcom, Inc., 4.75%, 4/15/29, Callable 1/15/29 @ 100*  526,489‌ 
Technology Hardware, Storage & Peripherals (1.5%)    
 350,000‌  Apple, Inc., 3.20%, 5/11/27, Callable 2/11/27 @ 100*  386,700‌ 
Total Corporate Bonds (Cost $7,176,163)  7,335,742‌ 

 

Shares or       
Principal       
Amount  Security Description  Value 
        
Taxable Municipal Bonds (18.1%)    
Alabama (1.2%)    
$300,000‌  The Water Works Board City of Birmingham Revenue, 2.60%, 1/1/27  $322,743‌ 
California (2.4%)    
 600,000‌  Riverside Unified School District, GO, 2.27%, 2/1/25  635,276‌ 
Colorado (1.1%)    
 150,000‌  Colorado Housing and Finance Authority Revenue, Series I-1, Class I, 0.86%, 11/1/23, GNMA: GOV. NATL MTGE ASSOCIATION  150,950‌ 
 150,000‌  Colorado Housing and Finance Authority Revenue, Series I-1, Class I, 1.11%, 5/1/25, GNMA: GOV. NATL MTGE ASSOCIATION  150,666‌ 
       301,616‌ 
Michigan (1.1%)    
 300,000‌  River Rouge School District, GO, 1.89%, 5/1/30, Insured by: Q-SBLF  294,738‌ 
New York (2.4%)    
 300,000‌  New York City Housing Development Corp. Revenue, Series L, 2.84%, 11/1/28, Continuously Callable @ 100  315,345‌ 
 300,000  New York City Transitional Finance Authority Revenue, 2.63%, 11/1/29  318,285‌ 
       633,630‌ 
Rhode Island (1.6%)    
 400,000‌  Rhode Island Convention Center Authority Revenue, 3.15%, 5/15/25  412,142‌ 
Texas (3.1%)    
 500,000‌  Austin Community College District Revenue, 0.93%, 2/1/25  498,875‌ 
 300,000‌  Midland County Fresh Water Supply District No. 1 Revenue, 2.37%, 9/15/26  310,570‌ 
       809,445‌ 
Utah (1.1%)    
 300,000‌  Utah Transit Authority Revenue, 2.04%, 12/15/31, Continuously Callable @ 100  299,741‌ 
Virginia (1.1%)    
 275,000‌  Virginia Housing Development Authority Revenue, Series F, 1.65%, 7/1/26, HUD: US DEPT OF HSG AND URBAN DEV  279,589‌ 
Washington (1.2%)    
 300,000‌  Pierce County School District No 10 Tacoma, GO, 0.53%, 12/1/23, SCH BD GTY  302,002‌ 
Wisconsin (1.8%)    
 465,000‌  Public Financial Authority Wisconsin Revenue, 4.45%, 10/1/25, Insured by: AGC  482,951‌ 
Total Taxable Municipal Bonds (Cost $4,662,970)  4,773,873‌ 
     
U.S. Government Agency Securities (2.1%)    
Federal Home Loan Banks    
 275,000‌  0.65%, 4/28/26, Callable 7/28/21 @ 100 *(a)  275,098‌ 
 285,000  1.30%, 3/17/27, Callable 6/17/21 @ 100*  284,306 
Total U.S. Government Agency Securities (Cost $560,000)  559,404 
     
U.S. Treasury Obligations (13.2%)    
U.S. Treasury Notes    
 1,943,000‌  2.00%, 4/30/24  2,039,239‌ 
 1,332,000‌  2.25%, 2/15/27  1,426,229‌ 
Total U.S. Treasury Obligations (Cost $3,455,057)  3,465,468‌ 

 

See notes to the schedule of portfolio investments.

- 10 -

 

 

Schedule of Portfolio InvestmentsModerate Duration Fund
May 31, 2021 (Unaudited)Concluded

 

 

Shares or
Principal
Amount
  Security Description Value 
       
Investment in Affiliates (4.3%)    
 1,118,444  Cavanal Hill Government Securities Money Market Fund, Select Shares, 0.1%(d)  $1,118,444 
Total Investment in Affiliates (Cost $1,118,444)  1,118,444 
         
Total Investments (Cost $25,865,072) - 99.7%  26,222,268 
Other assets in excess of liabilities † 0.3%  88,477 
Net Assets - 100.0% $26,310,745 

  

 

(a)The rate for certain asset-backed and mortgage-backed securities may vary based on factors relating to the pool of assets underlying the security. The rate presented is the rate in effect at May 31, 2021.
(b)Represents a restricted security, purchased under Rule 144A, Section 4(2), which is exempt from registration under the Securities Act of 1933, as amended. The security has been deemed liquid according to the policies and procedures adopted by the Board of Trustees.
(c)Step Bond: Coupon rate is set for an initial period and then increased to a higher coupon rate at a specified date. The rate shown is the rate in effect at May 31, 2021.
(d)Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at May 31, 2021.
*Represents next call date. Additional subsequent call dates and amounts may apply to this security.
Mortgage backed securities are classified based on the characteristics of their underlying collateral, the fixed vs. variable nature of the obligations, and the credit standing of the mortgagors. The fixed or variable rate nature of securities interest payments to which the fund is entitled may not coincide with the payment nature of the collateral underlying the securities.

 

AGCAssured Guaranty Corporation
GNMAGovernment National Mortgage Association
GOGeneral Obligation
H15T1Y1 Year Treasury Constant Maturity Rate
LIBORLondon Interbank Offered Rate
Q-SBLFQualified School Bond Loan Fund
SCH BD GTYSchool Board Guaranty
T10Y10 Year Treasury Constant Maturity Rate
T7Y7 Year Treasury Constant Maturity Rate
US0001M1 Month US Dollar LIBOR
US0003M3 Month US Dollar LIBOR
US0012M12 Month US Dollar LIBOR

 

See notes to the schedule of portfolio investments.

- 11 -

 

 

Schedule of Portfolio InvestmentsBond Fund
May 31, 2021 (Unaudited)

 

Shares or
Principal 
Amount
  Security Description  Value 
        

Asset Backed Securities (8.9%)

  
$679,809  Bayview Opportunity Master Fund IVb Trust, Series 2017-SPL4, Class A, 3.50%, 1/28/55, Callable 7/28/21 @ 100*(a)(b)  $697,766‌ 
 20,931  Bear Stearns Asset Backed Securities, Inc., Series 2003-AC7, Class A1, 5.50%, 1/25/34, Callable 6/25/21 @ 100*(a)(c)   21,230 
 634,280  ‌BRE Grand Islander Timeshare Issuer LLC, Series 2019-A, Class B, 3.78%, 9/26/33, Callable 4/25/26 @ 100*(b)  661,781 
 967,500  DB Master Finance LLC, Series 2017-1A, Class A2I, 3.63%, 11/20/47, Callable 11/20/21 @ 100*(b)   981,819‌ 
 838,062  Longtrain Leasing III LLC, Series 2015-1A, Class A2, 4.06%, 1/15/45, Callable 1/15/25 @ 100*(b)   852,207‌ 
 31  RAAC, Series 2004-SP1, Class AI4, 5.29%, 8/25/27, Callable 6/25/21 @ 100*(a)  31 
 415,000  Sabey Data Center Issuer LLC, Series 2020-1, Class A2, 3.81%, 3/20/45, Callable 11/20/23 @ 100*(b)   442,399‌ 
 928,625‌   Stack Infrastructure Issuer LLC, Series 2019-1A, Class A2, 4.54%, 2/25/44, Callable 2/25/23 @ 100*(b)   986,781 
 31,706‌   Structured Asset Securities Corp., Series 2003-AL2, Class A, 3.36%, 1/25/31, Callable 6/25/21 @ 100*(b)  31,640‌  
 937,542  Textainer Marine Containers VIII, Ltd., Series 2AA, Class A, 2.10%, 9/20/45, Callable 9/20/22 @ 100*(b)   949,676‌ 
 1,022,875  TIF Funding II LLC, Series 2021-1A, Class A, 1.65%, 2/20/46, Callable 2/20/23 @ 100*(b)   1,005,290‌ 
 985,833‌    Triton Container Finance VIII LLC, Series 2021-1A, Class A, 1.86%, 3/20/46, Callable 4/20/23 @ 100*(b)   977,628‌ 
 500,000   TRP-TRIP Rail Master Funding LLC, Series 2021-2, Class A, 2.15%, 6/19/51, Callable 6/17/22 @ 100*(b)   500,575‌ 
 280,200‌  UBS Commercial Mortgage Trust, Series 2018-C10, Class A1, 3.18%, 5/15/51, Callable 3/15/23 @ 100*   286,576‌ 
 600,000   Willis Engine Structured Trust VI, Series 2021-A, Class A, 3.10%, 5/15/46, Callable 5/15/29 @ 100*  599,969‌ 
 530,000   ZAXBY'S Funding LLC, Series 2021-1A, Class A2, 3.24%, 7/30/51, Callable 7/30/25 @ 100*(b)   530,000‌ 
Total Asset Backed Securities (Cost $9,447,283)   9,525,368‌ 

 

Mortgage Backed Securities† (17.1%)   
Alt-A - Adjustable Rate Mortgage Backed Securities (0.5%)    
 424,611‌  Bear Stearns Alternative-A Trust, Series 2005-7, Class 11A1, 0.65% (US0001M + 54 bps), 8/25/35, Callable 6/25/21 @ 100  428,107‌ 
 62,949  ‌Bear Stearns Alternative-A Trust, Series 2006-6, Class 32A1, 3.07%, 11/25/36, Callable 5/25/22 @ 100*(a)  42,093 
 7,164  JPMorgan Alternative Loan Trust, Series 2006-S4, Class A6, 5.71%, 12/25/36, Callable 6/25/21 @ 100*(a)(c)  7,264‌ 
       477,464‌ 

  

Shares or
Principal 
Amount
  Security Description  Value 
        
Mortgage Backed Securities†, continued  
Alt-A - Fixed Rate Mortgage Backed Securities (0.7%)    
$11,380  Bank of America Alternative Loan Trust, Series 2006-4, Class CB1, 6.50%, 5/25/46, Callable 6/25/21 @ 100*  $11,367‌ 
 32,497‌  Chaseflex Trust, Series 2005-2, Class 1A1, 6.00%, 6/25/35, Callable 6/25/21 @ 100*   28,813‌ 
 22,511‌  Chaseflex Trust, Series 2007-1, Class 1A3, 6.50%, 2/25/37, Callable 6/25/21 @ 100*   12,016‌ 
 53,951  Countrywide Alternative Loan Trust, Series 2005- 46CB, Class A3, 5.50%, 10/25/35, Callable 6/25/21 @ 100*   49,862‌ 
 7,165‌  Countrywide Alternative Loan Trust, Series 2006-8T1, Class 2A3, 5.50%, 4/25/36, Callable 6/25/21 @ 100*     6,827‌ 
 8,062‌  Countrywide Alternative Loan Trust, Series 2004-22CB, Class 1A1, 6.00%, 10/25/34, Callable 6/25/21 @ 100*   8,314‌ 
 25,324‌  Countrywide Alternative Loan Trust, Series 2006-8T1, Class 1A4, 6.00%, 4/25/36, Callable 6/25/21 @ 100*     17,636‌ 
 165,817  Countrywide Alternative Loan Trust, Series 2007-9T1, Class 1A7, 6.00%, 5/25/37, Callable 6/25/21 @ 100*     109,597‌ 
 185,807  Countrywide Alternative Loan Trust, Series 2006-36T2, Class 2A4, 6.25%, 12/25/36, Callable 10/25/27 @ 100*   118,479‌ 
 3,376‌  Master Alternative Loans Trust, Series 2003-8, Class 3A1, 5.50%, 12/25/33, Callable 6/25/21 @ 100*   3,402‌ 
 2,608‌  Master Alternative Loans Trust, Series 2004-13, Class 8A1, 5.50%, 1/25/25, Callable 6/25/21 @ 100*   2,414‌ 
 18,430‌  Master Alternative Loans Trust, Series 2005-3, Class 1A1, 5.50%, 4/25/35, Callable 8/25/22 @ 100*     18,660‌ 
 45,000  Master Alternative Loans Trust, Series 2004-3, Class 3A1, 6.00%, 4/25/34, Callable 6/25/21 @ 100*     45,583‌ 
 38,969‌  Master Alternative Loans Trust, Series 2004-6, Class 10A1, 6.00%, 7/25/34, Callable 6/25/21 @ 100*   40,621‌ 
 19,629‌  Master Alternative Loans Trust, Series 2004-6, Class 7A1, 6.00%, 7/25/34, Callable 6/25/21 @ 100*     20,453‌ 
 17,492‌  Master Alternative Loans Trust, Series 2005-3, Class 7A1, 6.00%, 4/25/35, Callable 12/25/21 @ 100*   17,260‌ 
 2,018‌  Master Alternative Loans Trust, Series 2003-7, Class 5A1, 6.25%, 11/25/33, Callable 6/25/21 @ 100*   2,092‌ 
 9,364‌  Master Alternative Loans Trust, Series 2004-3, Class 2A1, 6.25%, 4/25/34, Callable 6/25/21 @ 100*      9,498‌ 
 14,456‌  Residential Accredit Loans, Inc., Series 2006-QS5, Class A9, 6.00%, 5/25/36, Callable 6/25/21 @ 100*   13,810‌ 
 191,552‌  Residential Asset Securitization Trust, Series 2005-A9, Class A3, 5.50%, 7/25/35, Callable 6/25/21 @ 100*   154,256‌ 

  

See notes to the schedule of portfolio investments.

- 12 -

 

 

Schedule of Portfolio InvestmentsBond Fund
May 31, 2021 (Unaudited)Continued

 

Shares or
Principal 
Amount
  Security Description  Value 
        
Mortgage Backed Securities†, continued  
Alt-A - Fixed Rate Mortgage Backed Securities, continued:    
$117,584‌   Residential Asset Securitization Trust, Series 2006-A2, Class A3, 6.00%, 5/25/36, Callable 3/25/22 @ 100*  $70,130‌ 
Prime Adjustable Rate Mortgage Backed Securities (2.3%)  761,090‌ 
 4,653  JPMorgan Mortgage Trust, Series 2006-A4, Class 3A1, 2.97%, 6/25/36, Callable 6/25/21 @ 100*(a)  3,896‌ 
 140,524‌  JPMorgan Mortgage Trust, Series 2005-A6, Class 2A4, 3.01%, 8/25/35, Callable 6/25/21 @ 100*(a)  142,278‌ 
 1,339,770‌  LSTAR Securities Investment, Ltd., Series 2019-4, Class A1, 2.61% (US0001M + 150 bps), 5/1/24(b)  1,332,839‌ 
 500,000‌  Mello Warehouse Securitization Trust, Series 2021-1, Class A, 0.81% (US0001M + 70 bps), 2/25/55, Callable 2/25/24 @ 100*(b)  500,596‌ 
 150,000  Mello Warehouse Securitization Trust, Series 2021-1, Class 21-C, 1.21% (US0001M + 110 bps), 2/25/55, Callable 2/25/24 @ 100*(b)  150,411‌ 
 270,000‌  Mello Warehouse Securitization Trust, Series 2020-2, Class C, 1.39% (US0001M + 130 bps), 11/25/53, Callable 12/25/23 @ 100*(b)  270,676‌ 
 15,360‌  MLCC Mortgage Investors, Inc., Series 2004-HB1, Class A3, 1.94%, 4/25/29, Callable 6/25/21 @ 100*(a)  15,050‌ 
 4,363‌  Structured Adjustable Rate Mortgage Loan Trust, Series 2006-5, Class 4A1, 2.75%, 6/25/36, Callable 6/25/21 @ 100*(a)  3,437‌ 
Prime Fixed Mortgage Backed Securities (3.4%)  2,419,183‌ 
 2,882‌  Chase Mortgage Finance Corp., Series 2002-S4, Class A23, 6.25%, 3/25/32, Callable 6/25/21 @ 100*  2,347‌ 
 130,175‌  Chaseflex Trust, Series 2006-2, Class A5, 4.51%, 9/25/36, Callable 8/25/22 @ 100*(a)  131,168‌ 
 20,247‌  Citigroup Mortgage Loan Trust, Inc., Series 2005-1, Class 3A1, 6.50%, 4/25/35  21,352‌ 
 2,000‌  Countrywide Home Loans, Series 2004-8, Class 1A3, 5.50%, 7/25/34, Callable 6/25/21 @ 100*  2,009‌ 
 34,352  Countrywide Home Loans, Series 2005-J1, Class 1A8, 5.50%, 2/25/35, Callable 6/25/21 @ 100*  34,815‌ 
 4,377‌  Countrywide Home Loans, Series 2004-18, Class A1, 6.00%, 10/25/34, Callable 6/25/21 @ 100*  4,517‌ 
 4,752‌  Countrywide Home Loans, Series 2004-21, Class A10, 6.00%, 11/25/34, Callable 6/25/21 @ 100*  4,950‌ 
 77,059‌  Countrywide Home Loans, Series 2007-J3, Class A10, 6.00%, 7/25/37, Callable 6/25/21 @ 100  50,347‌ 
 95,576‌  Credit Suisse First Boston Mortgage Securities Corp., Series 2005-9, Class 3A1, 6.00%, 10/25/35, Callable 6/25/21 @ 100*  43,142‌ 
 11‌  Credit Suisse Mortgage Capital Certificates, Series 2006-8, Class 1A1, 4.50%, 10/25/21, Callable 6/25/21 @ 100*  11‌ 
 113‌  First Nationwide Trust, Series 2001-3, Class 1A1, 6.75%, 8/21/31  118‌ 

 

Shares or
Principal 
Amount
  Security Description  Value 
        
Mortgage Backed Securities†, continued 
Prime Fixed Mortgage Backed Securities, continued:    
$127,418  Flagstar Mortgage Trust, Series 2019-2, Class A3, 3.50%, 12/25/49, Callable 9/25/23 @ 100*(a)(b) $127,836‌ 
 1,677  GMAC Mortgage Corp. Loan Trust, Series 2003- GH2, Class A4, 5.50%, 10/25/33, Callable 6/25/21 @ 100*(a)(c)  1,721‌ 
 17,983  JPMorgan Mortgage Trust, Series 2006-A2, Class 3A2, 2.72%, 4/25/36, Callable 7/25/21 @ 100*(a)  16,565‌ 
 22,328  JPMorgan Mortgage Trust, Series 2004-S2, Class 4A5, 6.00%, 11/25/34, Callable 6/25/21 @ 100*  22,316‌ 
 1,000,000  Mello Mortgage Capital Acceptance Trust, Series 2021-MTG2, Class A10, 2.50%, 6/1/51(a)(b)  1,023,594‌ 
 24,762‌  Morgan Stanley Mortgage Loan Trust, Series 2004-3, Class 3A, 6.00%, 4/25/34, Callable 2/25/24 @ 100*  26,357‌ 
 650,633  New Residential Mortgage Loan Trust, Series 2019-NQM3, Class A1, 2.80%, 7/25/49, Callable 6/25/21 @ 100*(a)(b)  654,497‌ 
 4,294  Nomura Asset Acceptance Corp., Series 2003-A1, Class A2, 6.00%, 5/25/33, Callable 6/25/21 @ 100*  4,333‌ 
 115,251‌  RAAC, Series 2004-SP2, Class A22, 6.00%, 1/25/32, Callable 6/25/21 @ 100*  115,632‌ 
 331,191‌  Sequoia Mortgage Trust, Series 2013-1, Class 2A1, 1.86%, 2/25/43, Callable 6/25/21 @ 100*(a)(b)  332,071‌ 
 36,782   TBW Mortgage Backed Pass-Through Certificates, Series 2006-2, Class 7A1, 7.00%, 7/25/36, Callable 6/25/21 @ 100*  7,585‌ 
 207,005‌  Washington Mutual Mortgage Pass-Through Certificates, Series 2005-3, Class 1CB5, 5.50%, 5/25/35, Callable 6/25/21 @ 100*  206,127‌ 
 5,566  Washington Mutual Mortgage Pass-Through Certificates, Series 2004-CB1, Class 4A, 6.00%, 6/25/34, Callable 6/25/21 @ 100*  5,851‌ 
 52,943  Washington Mutual Mortgage Pass-Through Certificates, Series 2004-RA1, Class 2A, 7.00%, 3/25/34, Callable 5/25/28 @ 100*  56,358‌ 
 223,681  Wells Fargo Mortgage Backed Securities Trust, Series 2019-4, Class A3, 3.43%, 9/25/49, Callable 12/25/22 @ 100*(a)(b)  224,122‌ 
 224,668‌  Wells Fargo Mortgage Backed Securities Trust, Series 2019-3, Class A1, 3.50%, 7/25/49, Callable 7/25/22 @ 100*(a)(b)  228,492‌ 
 213,600‌  WinWater Mortgage Loan Trust, Series 2015-1, Class A1, 3.50%, 1/20/45, Callable 9/20/21 @ 100*(a)(b)  217,038‌ 
       3,565,271‌ 
Subprime Mortgage Backed Securities (1.0%)    
 418,282  Towd Point Mortgage Trust, Series 2017-6, Class A1, 2.75%, 10/25/57, Callable 7/25/24 @ 100*(a)(b)  430,150‌ 
 187,682  Towd Point Mortgage Trust, Series 2018-1, Class A1, 3.00%, 1/25/58, Callable 7/25/25 @ 100*(a)(b)  194,236‌ 
 446,886‌  Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25%, 3/25/58, Callable 11/25/25 @ 100*(a)(b)  464,724‌ 
       1,089,110‌ 

  

See notes to the schedule of portfolio investments.

- 13 -

 

 

Schedule of Portfolio InvestmentsBond Fund
May 31, 2021 (Unaudited)Continued

 

Shares or
Principal 
Amount
  Security Description  Value 
        
Mortgage Backed Securities†, continued    
U.S. Government Agency Mortgage Backed Securities (9.2%)    
$150,222‌  Fannie Mae, Series 2010-102, Class PE, 2.00%, 9/25/40  $ 154,771‌ 
  271,711‌  Fannie Mae, Series 2012-111, Class EC, 2.00%, 12/25/41   279,826‌ 
  427,616‌  Fannie Mae, Series 2012-30, Class BA, 2.00%, 6/25/41   441,831‌ 
  414,486‌  Fannie Mae, Series 2012-83, Class AH, 2.00%, 11/25/41   425,474‌ 
  202,014‌  Fannie Mae, Series 2013-18, Class 10A1, 2.00%, 12/25/42   207,579‌ 
  177,980‌  Fannie Mae, Series 2013-23, Class AB, 2.00%, 2/25/43   184,544‌ 
  662,242‌  Fannie Mae, Series 2020-54, Class TA, 2.00%, 5/25/43   681,055‌ 
  238,110‌  Fannie Mae, Series 2012-30, Class CB, 2.25%, 10/25/41   246,634‌ 
  78,270‌  Fannie Mae, Series 2013-74, Class 10A1, 2.25%, 6/25/42(a)   81,029‌ 
  10,375‌  Fannie Mae, 2.43% (H15T1Y + 231 bps), 12/1/27, Pool #422279   10,448‌ 
  230,106‌  Fannie Mae, Series 2, Class JD, 2.50%, 2/25/50   235,863‌ 
  150,742‌  Fannie Mae, Series 2010-100, Class LA, 2.50%, 7/25/40   157,321‌ 
  227,596‌  Fannie Mae, Series 2012-111, Class QC, 2.50%, 5/25/42   237,409‌ 
  72,610‌  Fannie Mae, Series 2014-61, Class P, 2.50%, 7/25/44   76,063‌ 
  717,592‌  Fannie Mae, Series 2017-M5, Class A1, 2.74%, 4/25/29   767,801‌ 
  97,710‌  Fannie Mae, Series 2011-118, Class 10A1, 3.00%,11/25/41   104,711‌ 
  376,522‌  Fannie Mae, Series 2014-33, Class PE, 3.00%, 4/25/43   394,308‌ 
  85,409‌  Fannie Mae, Series 2014-72, Class KA, 3.00%, 10/25/44   90,227‌ 
  338,041‌  Fannie Mae, Series 2015-59, Class LM, 3.00%, 7/25/45   358,230‌ 
  770,567‌  Fannie Mae, Series 2018-M12, Class A1, 3.55%, 2/25/30   862,820‌ 
  915,912‌  Fannie Mae, Series 2018-M13, Class A1, 3.70%, 3/25/30(a)     1,039,425‌ 
  25,069  Fannie Mae, Series 2012-16, Class K, 4.00%, 10/25/41     26,858‌ 
  14,210‌  Fannie Mae, Series 2002-W11, Class AF5, 4.98%, 11/25/32, Callable 6/25/21 @ 100*(a)(c)   15,241‌ 
  242‌  Fannie Mae, 5.00%, 8/1/33, Pool #730856   276‌ 
  126‌  Fannie Mae, 5.00%, 7/1/35, Pool #832198   145‌ 
  188‌  Fannie Mae, 5.50%, 2/1/33, Pool #683351   217‌ 
  108‌  Fannie Mae, 5.50%, 9/1/34, Pool #725773   126‌ 
  1,524‌  Fannie Mae, Series 1998-36, Class ZB, 6.00%, 7/18/28   1,704‌ 
  2,036‌  Fannie Mae, Series 1993-82, Class H, 7.00%, 5/25/23   2,125‌ 
  574‌  Fannie Mae, Series 1991-171, Class J, 8.00%, 12/25/21   581‌ 
  28,322‌  Fannie Mae Whole Loan, Series 2003-W6, Class 6A, 3.36%, 8/25/42, Callable 6/25/21 @ 100*(a)   29,556‌ 

 

Shares or
Principal 
Amount
  Security Description  Value 
        
Mortgage Backed Securities†, continued        
U.S. Government Agency Mortgage Backed Securities, continued:    
$44,748‌  Freddie Mac, Series 4146, Class 10A1, 1.50%, 10/15/42 $45,699 
  57,257‌  Freddie Mac, Series 3936, Class LA, 2.00%, 6/15/40  57,698‌ 
  40,915‌  Freddie Mac, Series 3997, Class AE, 2.00%, 4/15/40  41,203 
  127,015‌  Freddie Mac, Series 4019, Class GB, 2.00%, 12/15/41  131,379‌ 
  117,655‌  Freddie Mac, Series 4461, Class EA, 2.00%, 7/15/37  120,821 
  3,044‌  Freddie Mac, 2.25% (H15T1Y + 213 bps), 4/1/24, Pool #409624  3,053‌ 
  364,925‌  Freddie Mac, Series 3913, Class PC, 2.50%, 3/15/41  374,474‌ 
  112,075‌  Freddie Mac, Series 4009, Class PK, 2.50%, 6/15/41, Callable 10/15/31 @ 100*  116,379‌ 
  250,240‌  Freddie Mac, Series 4312, Class 10A1, 2.50%, 12/15/41  258,502‌ 
  122,841‌  Freddie Mac, Series 4316, Class JY, 3.00%, 1/15/44  130,854‌ 
  206,188‌  Freddie Mac, Series 4348, Class A, 3.00%, 6/15/39  218,826‌ 
  140,909‌  Freddie Mac, Series 3721, Class PE, 3.50%, 9/15/40  151,955‌ 
  52,562‌  Freddie Mac, Series 3780, Class MK, 3.50%, 10/15/40  56,595‌ 
  681‌  Freddie Mac, Series 2610, Class VB, 5.50%, 7/15/24  722‌ 
  205‌  Freddie Mac, 6.00%, 7/1/35, Pool #A36085  231‌ 
  1,325‌  Freddie Mac, Series 2148, Class ZA, 6.00%, 4/15/29  1,496‌ 
  782‌  Freddie Mac, 6.50%, 2/1/36, Pool #G08113  926‌ 
  9,491‌  Freddie Mac, Series 2036, Class PD, 6.50%, 3/15/28  10,722‌ 
  473‌  Freddie Mac, Series 2278, Class H, 6.50%, 1/15/31  518‌ 
  430‌  Freddie Mac, Series 1281, Class I, 8.00%, 5/15/22, Callable 7/15/21 @ 100*  438‌ 
  159,752‌  Government National Mortgage Assoc., Series 2013-69, 2.00%, 9/20/42  165,792‌ 
  338,911‌  Government National Mortgage Assoc., Series 2009-94, Class KB, 3.00%, 9/16/39  358,095‌ 
  133,562‌  Government National Mortgage Assoc., Series 2011-46, Class GJ, 3.25%, 1/16/41(a)  143,717‌ 
  247,112‌  Government National Mortgage Assoc., Series 2019-85, Class MP, 3.50%, 6/20/49  257,060‌ 
  21,393‌  Government National Mortgage Assoc., Series 2009-93, Class HG, 4.00%, 9/16/39  22,816‌ 
  1,206‌  Government National Mortgage Assoc., 7.00%, 9/15/23, Pool #347688  1,222‌ 
  7,548‌  Government National Mortgage Assoc., 7.00%, 7/15/29, Pool #490215  8,420‌ 
  2,548‌  Government National Mortgage Assoc., 7.50%, 11/15/23, Pool #354701  2,683‌ 
       9,796,494 
Total Mortgage Backed Securities (Cost $17,668,542)  18,108,612 
     
Corporate Bonds (32.0%)    
Aerospace & Defense (1.4%)    
   1,450,000‌    Boeing Co. (The), 3.25%, 2/1/28, Callable 12/1/27 @ 100*   1,526,801‌ 

 

See notes to the schedule of portfolio investments.

- 14 -

 

Schedule of Portfolio InvestmentsBond Fund
May 31, 2021 (Unaudited)Continued

 

Shares or       
Principal       
Amount  Security Description  Value 
        
Corporate Bonds, continued    
Airlines (1.0%)    
$995,426‌  United Airlines Pass Through Trust, Series 2020-1, Class A, 5.88%, 4/15/29 $1,100,269‌ 
Banks (4.3%)       
 1,940,000‌  Bank of America Corp., 3.55% (US0003M + 78 bps), 3/5/24, Callable 3/5/23 @ 100 *  2,046,356‌ 
 1,100,000‌  JPMorgan Chase & Co., 2.52% (SOFR + 204 bps), 4/22/31, Callable 4/22/30 @ 100 *  1,116,376‌ 
 1,300,000‌  Wells Fargo & Co., 3.00%, 10/23/26  1,409,700‌ 
       4,572,432‌ 
Beverages (0.8%)    
 800,000‌  PepsiCo, Inc., 2.75%, 3/19/30, Callable 12/19/29 @100*  853,313‌ 
Capital Markets (2.3%)    
 1,300,000‌  Goldman Sachs Group, Inc., 3.50%, 11/16/26, Callable 11/16/25 @ 100 *  1,420,863‌ 
 1,000,000‌  LSEGA Financing PLC, 1.38%, 4/6/26, Callable 3/6/26 @ 100 *(b)  1,004,796‌ 
       2,425,659‌ 
Diversified Financial Services (0.8%)    
 850,000‌  Korea Development Bank, 2.75%, 3/19/23  885,334‌ 
Diversified Telecommunication Services (1.4%)    
 1,520,000‌  AT&T, Inc., 3.50%, 9/15/53, Callable 3/15/53 @ 100 *(b)  1,445,783‌ 
Electric Utilities (1.0%)    
 1,000,000‌  Entergy Mississippi LLC, 3.25%, 12/1/27, Callable 9/1/27 @ 100 *  1,091,804‌ 
Entertainment (0.7%)    
 715,000‌  The Walt Disney Co., 2.00%, 9/1/29, Callable 6/1/29 @ 100*  712,038‌ 
Equity Real Estate Investment Trusts (0.2%)    
 205,277‌  JBG/Rockville NCI Campus LLC, Series 2010-A, 3.90%, 7/15/23 (b)  209,500‌ 
Food Products (2.3%)    
 1,059,000‌  Conagra Brands, Inc., 4.60%, 11/1/25, Callable 9/1/25 @ 100*  1,212,027‌ 
 320,000‌  Mars, Inc., 0.88%, 7/16/26, Callable 6/16/26 @ 100 *(b)  313,779‌ 
 825,000‌  Mars, Inc., 3.20%, 4/1/30, Callable 1/1/30 @ 100 *(b)  894,716‌ 
       2,420,522‌ 
Health Care Providers & Services (3.4%)    
 700,000‌    Ascension Health, Series B, 2.53%, 11/15/29, Callable 8/15/29 @ 100 *  726,153‌ 
 795,000   Montefiore Medical Center, 2.15%, 10/20/26, Callable 4/20/26 @ 100 *  831,703‌ 
 1,050,000‌  Partners Healthcare Syst, Inc., Series 2020, 3.19%, 7/1/49, Callable 1/1/49 @ 100 *  1,079,167‌ 
 890,000‌  Sutter Health, 3.70%, 8/15/28, Callable 5/15/28 @100*  983,823‌ 
       3,620,846‌ 

Hotels, Restaurants & Leisure (2.9%)

    
 1,500,000‌  Hyatt Hotels Corp., 4.38%, 9/15/28, Callable 6/15/28 @ 100*  1,636,885‌ 
 345,000‌  Royal Caribbean Cruises, 5.25%, 11/15/22  356,319‌ 
 1,000,000‌  Starbucks Corp., 3.75%, 12/1/47, Callable 6/1/47 @ 100*  1,053,660‌ 
       3,046,864‌ 
Household Durables (0.7%)    
 620,000‌  Harman International Industries, Inc., 4.15%, 5/15/25, Callable 2/15/25 @ 100 *  683,215‌ 

 

Shares or      
Principal      
Amount  Security Description Value 
       
Corporate Bonds, continued    
Insurance (1.1%)    
$1,100,000‌    Jackson National Life Global Funding, 2.65%, 6/21/24 (b) 1,158,934‌ 
Internet & Direct Marketing Retail (1.0%)    
 1,000,000‌    Expedia Group, Inc., 3.80%, 2/15/28, Callable 11/15/27 @ 100*  1,078,023‌ 
IT Services (1.0%)    
 1,000,000‌    International Business Machines Corp., 3.50%, 5/15/29  1,103,763‌ 
Oil, Gas & Consumable Fuels (1.9%)    
 1,000,000‌    HollyFrontier Corp., 2.63%, 10/1/23  1,033,723‌ 
 900,000‌    Marathon Oil Corp., 4.40%, 7/15/27, Callable 4/15/27 @ 100*  1,012,224‌ 
       2,045,947 
Semiconductors & Semiconductor Equipment (1.7%)   
 1,245,000  Broadcom, Inc., 4.75%, 4/15/29, Callable 1/15/29 @ 100*  1,424,954‌ 
 325,000  ‌Intel Corp., 3.25%, 11/15/49, Callable 5/15/49 @ 100*  330,135‌ 
       1,755,089‌ 
Specialty Retail (1.1%)   
 1,000,000  Lowe's Cos., Inc., 4.50%, 4/15/30, Callable 1/15/30 @ 100*  1,169,076‌ 
Technology Hardware, Storage & Peripherals (1.0%)    
 1,000,000‌    Apple, Inc., 3.20%, 5/11/27, Callable 2/11/27 @ 100*  1,104,857‌ 
Total Corporate Bonds (Cost $32,944,712)  34,010,069‌ 
         
Taxable Municipal Bonds (18.9%)    
Georgia (1.7%)    
 1,665,000‌    State of Georgia, Build America Bonds, GO, Series H,4.50%,11/1/25  1,829,101‌ 
         
Kentucky (0.7%)    
 750,000‌    Lexington-Fayette Urban County Airport Board Corp. Revenue, 2.84%, 7/1/31  762,387‌ 
         
Massachusetts (1.2%)    
 1,150,000‌    Massachusetts State College Building Authority Revenue, Series C, 2.44%, 5/1/28, ST APPROP  1,217,291‌ 
         
Michigan (1.4%)    
 500,000‌    Michigan State Housing Development Authority Revenue, Series B, 2.72%, 10/1/35, Continuously Callable @ 100  497,089‌ 
 1,000,000‌    Michigan State Housing Development Authority Revenue, Series B, 3.49%, 12/1/40, Continuously Callable @ 100  1,031,460‌ 
       1,528,549‌ 
New York (1.3%)   
 1,260,000‌    New York City Transitional Finance Authority Revenue, Series F-3, 3.21%, 5/1/29, Continuously Callable @ 100  1,360,273‌ 
Oklahoma (2.6%)    
 500,000‌    Grand River Dam Authority Revenue, Series B, 4.55%, 6/1/39, Continuously Callable @ 100  541,453‌ 
 450,000‌    The University of Oklahoma Revenue, Series C, 2.45%, 7/1/32, Continuously Callable @ 100  452,446‌ 
 1,650,000‌    University of Oklahoma Health Sciences Center General Revenue, Series A, 3.87%, 7/1/32, Continuously Callable @ 100  1,793,966‌ 
       2,787,865‌ 

See notes to the schedule of portfolio investments.

- 15 -

 

 

Schedule of Portfolio InvestmentsBond Fund
May 31, 2021 (Unaudited)Concluded

 

Shares or       
Principal       
Amount  Security Description  Value 
         
Taxable Municipal Bonds, continued    
Oregon (1.9%)    
$1,000,000  State of Oregon, GO, Series O, 1.60%, 8/1/31, Continuously Callable @ 100 $979,497 
 1,000,000  State of Oregon, GO, Series O, 1.70%, 8/1/32, Continuously Callable @ 100   978,029 
       1,957,526 
Pennsylvania (1.2%)    
 1,110,000  City of Bethlehem Lehigh and Northampton Countries, GO, Series C, 5.15%, 11/1/34, Pre-refunded 11/1/24 @ 100, AGM  1,284,475 
Texas (4.8%)    
 1,000,000  Arlington Independent School District, GO, 5.00%, 2/15/26, PSF-GTD  1,193,665 
 1,000,000  Arlington Independent School District, GO, 5.00%, 2/15/27, PSF-GTD  1,217,236 
 675,000  Country of Galveston Texas, Build America Bonds, GO, 5.91%, 2/1/29  800,779 
 785,000  Texas Transportation Commission State Highway Fund Revenue, 5.18%, 4/1/30  967,291 
 1,000,000  Texas Transportation Commission, GO, 1.78%, 10/1/32  969,342 
       5,148,313 

 

Shares or      
Principal      
Amount  Security Description Value 
       
Taxable Municipal Bonds, continued   
Washington (2.1%)     
$1,200,000  County of King WA Sewer Revenue, Series B, 1.86%, 1/1/33, Continuously Callable @ 100 $1,185,506 
 1,070,000  Pierce County School District No 10 Tacoma, GO, 1.90%, 12/1/33, SCH BD GTY  1,058,044 
Total Taxable Municipal Bonds (Cost $19,713,994)  2,243,550 
       20,119,330 
         
U.S. Government Agency Securities (2.8%)    
Federal Home Loan Banks    
 1,000,000  0.65%, 4/28/26, Callable 7/28/21 @ 100*(a)  1,000,357 
 1,000,000  1.00%, 4/26/29, Callable 7/26/21 @ 100*(a)  1,000,019 
 1,000,000  1.30%, 3/17/27, Callable 6/17/21 @ 100*  997,566 
Total U.S. Government Agency Securities (Cost $3,000,000)  2,997,942 
     
U.S. Treasury Obligations (16.0%)    
U.S. Treasury Notes    
 3,255,000  1.13%, 2/15/31  3,119,205 
 4,557,000  1.38%, 10/15/22  4,635,679 
 4,547,000  2.00%, 4/30/24  4,772,219 
 4,233,000  2.25%, 2/15/27  4,532,452 
Total U.S. Treasury Obligations (Cost $16,836,758)  17,059,555 
     
Investment in Affiliates (4.9%)    
 5,260,458  Cavanal Hill Government Securities Money Market Fund, Select Shares, 0.01%(d)  5,260,458 
Total Investment in Affiliates (Cost $5,260,458)  5,260,458 
     
Total Investments (Cost $104,871,747) - 100.6%  107,081,334 
Liabilities in excess of other assets † (0.6)%  (655,442) 
Net Assets - 100.0% $106,425,892 

 

 

(a)The rate for certain asset-backed and mortgage-backed securities may vary based on factors relating to the pool of assets underlying the security. The rate presented is the rate in effect at May 31, 2021.
(b)Represents a restricted security, purchased under Rule 144A, Section 4(2), which is exempt from registration under the Securities Act of 1933, as amended. The security has been deemed liquid according to the policies and procedures adopted by the Board of Trustees.
(c)Step Bond: Coupon rate is set for an initial period and then increased to a higher coupon rate at a specified date. The rate shown is the rate in effect at May 31, 2021.
(d)Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at May 31, 2021.
*Represents next call date. Additional subsequent call dates and amounts may apply to this security.
Mortgage backed securities are classified based on the characteristics of their underlying collateral, the fixed vs. variable nature of the obligations, and the credit standing of the mortgagors. The fixed or variable rate nature of securities interest payments to which the fund is entitled may not coincide with the payment nature of the collateral underlying the securities.

 

AGMAssured Guaranty Municipal Corporation
GOGeneral Obligation
H15T1Y1 Year Treasury Constant Maturity Rate
LIBORLondon Interbank Offered Rate
PSF-GTDPublic School Fund Guaranteed
SCH BD GTYSchool Board Guaranty
SOFRSecured Overnight Financing Rate
US0001M1 Month US Dollar LIBOR
US0003M3 Month US Dollar LIBOR

 

See notes to the schedule of portfolio investments.

- 16 -

 

 

Schedule of Portfolio InvestmentsStrategic Enhanced Yield Fund
May 31, 2021 (Unaudited) 

 

Shares or       
Principal       
Amount  Security Description  Value 
        
Asset Backed Securities (19.9%)    
$375,000  AB Issuer LLC, Series 2021-1, Class A2, 3.73%, 7/30/51, Callable 1/30/26 @ 100*(a) $377,121 
 151,548  ABFC Trust, Series 2005-AQ1, Class A6, 4.59%, 1/25/35, Callable 6/25/21 @ 100*(b)(c)  157,135 
 286,261  ABFC Trust, Series 2005-HE2, Class M3, 0.89% (US0001M + 78 bps), 6/25/35, Callable 6/25/21@100*  287,297 
 600,000  Amur Equipment Finance Receivables LLC, Series 2021-1A, Class E, 4.13%, 3/20/28, Callable 2/20/25 @ 100*(d)  599,459 
 570,813  Asset Backed Securities Corp. Home Equity Loan Trust, Series 2004-HE5, Class M1, 1.01% (US0001M + 90 bps), 8/25/34, Callable 6/25/21 @ 100*  558,769 
 338,753  Bayview Commercial Asset Trust, Series 2004-3, Class A1, 0.46% (US0001M + 56 bps), 1/25/35, Callable 6/25/21 @ 100*(a)  335,598 
 19,868  Bayview Financial Mortgage Pass Trust, Series 2005-D, Class AF4, 5.50%, 12/28/35, Callable 6/28/21 @ 100*(b)  19,822 
 31,034  Bayview Opportunity Master Fund Trust, Series 2017-RT1, Class A1, 3.00%, 3/28/57, Callable 4/28/22 @ 100*(a)(b)  31,534 
 148,483  Bear Stearns Structured Products Trust, Series 2007-EMX1, Class A2, 1.39% (US0001M + 130 bps), 3/25/37, Callable 10/25/22 @ 100*(a)  148,301 
 23,428  Centex Home Equity Loan Trust, Series 2002-A, Class AF6, 5.54%, 1/25/32, Callable 6/25/21 @ 100*  24,184 
 14,216  Centex Home Equity Loan Trust, Series 2005-A, Class AF5, 5.78%, 1/25/35, Callable 6/25/21 @ 100*(b)(c)  14,192 
 52  Countrywide Asset-Backed Certificates Trust, Series 2004-13, Class AF5B, 4.66%, 5/25/35, Callable 6/25/21 @ 100*(b)(c)  52 
 163,238  Credit-Based Asset Servicing And Securitization LLC, Series 2005-RP2, Class M2, 1.69% (US0001M + 160 bps), 9/25/35, Callable 3/25/22 @ 100*(a)  165,178 
 200,183  Credit-Based Asset Servicing And Securitization LLC, Series 2007-SP1, Class A4, 4.89%, 12/25/37, Callable 6/25/21 @ 100*(a)(b)(c)  203,236 
 33,116  GSAA Home Equity Trust, Series 2005-1, Class M1, 5.80%, 11/25/34, Callable 6/25/21 @ 100*(b)(c)  33,603 
 244,831  GSAMP Trust, Series 2006-HE1, Class M1, 0.68% (US0001M + 39 bps), 1/25/36, Callable 6/25/21 @ 100*  244,732 
 182,490  MASTR Asset Backed Securities Trust, Series 2004-FRE1, Class M6, 2.19% (US0001M + 210 bps), 7/25/34, Callable 6/25/21 @ 100*  182,935 
 504,350  Morgan Stanley Dean Witter Capital I, Inc., Series 2003-NC3, Class M1, 1.44% (US0001M + 135 bps), 3/25/33, Callable 6/25/21 @ 100*  507,215 
 290,000  Neighborly Issuer LLC, Series 2021-1A, Class A2, 3.58%, 4/30/51, Callable 10/30/26 @ 100*(a)  296,858 
 464,250  NovaStar Mortgage Funding Trust, Series 2003-4, Class A1, 0.83% (US0001M + 74 bps), 2/25/34, Callable 6/25/21 @ 100*  457,154 

 

Shares or      
Principal      
Amount  Security Description Value 
    
Asset Backed Securities, continued   
$62,084  Quest Trust, Series 2005-X1, Class M2, 1.29% (US0001M + 120 bps), 3/25/35, Callable 6/25/21 @ 100*(a) $62,130 
 27,413  Residential Asset Mortgage, Series 2004-RS12, Class MI1, 5.62%, 12/25/34, Callable 6/25/21 @ 100*(b)(c)  28,374 
 49,423  Residential Asset Securities Corp., Series 2004-KS8, Class MI1, 5.34%, 9/25/34, Callable 6/25/21 @ 100*(b)  50,880 
 78,264  Saxon Asset Securities Trust, Series 2007-1, Class A2C, 0.24% (US0001M + 15 bps), 1/25/47, Callable 7/25/23 @ 100*  77,626 
 149,272  Specialty Underwriting & Residential Finance, Series 2003-BC4, Class A3B, 4.79%, 11/25/34, Callable 6/25/21 @ 100*(b)  153,599 
Total Asset Backed Securities (Cost $4,956,989)  5,016,984 
     
Mortgage Backed Securities† (30.0%)    
Alt-A - Fixed Rate Mortgage Backed Securities (3.7%)    
 22,030  Bear Stearns Asset-Backed Securities Trust, Series 2004-AC3, Class A1, 5.25%, 6/25/34, Callable 6/25/21 @ 100*(b)(c)  22,742 
 15,974  Countrywide Alternative Loan Trust, Series 2004-16CB, Class 1A1, 5.50%, 7/25/34, Callable 6/25/21 @ 100*  16,401 
 17,720  Countrywide Alternative Loan Trust, Series 2004-16CB, Class 3A1, 5.50%, 8/25/34, Callable 6/25/21 @ 100*  18,202 
 99,860  Countrywide Alternative Loan Trust, Series 2003-22CB, Class 1A1, 5.75%, 12/25/33, Callable 6/25/21 @1 00*  103,159 
 36,574  Countrywide Alternative Loan Trust, Series 2004-16CB, Class 4A3, 6.00%, 8/25/34, Callable 6/25/21 @ 100*  37,063 
 34,154  Countrywide Alternative Loan Trust, Series 2004-J2, Class 2A1, 6.50%, 3/25/34, Callable 6/25/21 @ 100*  34,910 
 12,130  MASTR Alternative Loans Trust, Series 2004-11, Class 6A1, 5.50%, 10/25/34, Callable 6/25/21 @ 100*  12,631 
 103,890  MASTR Alternative Loans Trust, Series 2004-7, Class 1A1, 5.50%, 7/25/34, Callable 6/25/21 @ 100*  107,839 
 137,667  MASTR Alternative Loans Trust, Series 2003-3, Class 2A5, 6.00%, 5/25/33, Callable 6/25/21 @ 100*  142,880 
 37,388  MASTR Alternative Loans Trust, Series 2004-5, Class 2A1, 6.00%, 6/25/34, Callable 6/25/21 @ 100*  38,573 
 294,000  Residential Asset Securitization Trust, Series 2003-A7, Class A8, 5.00%, 7/25/33, Callable 6/25/21 @ 100*  307,391 
 67,000  Residential Asset Securitization Trust, Series 2003-A10, Class A2, 5.20%, 9/25/33, Callable 6/25/21 @ 100*  67,623 
 21,291  Structured Asset Securities Corp., Series 2004-4XS, Class A3A, 5.15%, 2/25/34, Callable 6/25/21 @ 100*(b)(c)  21,470 
       930,884 

 

See notes to the schedule of portfolio investments.

- 17 -

 

Schedule of Portfolio InvestmentsStrategic Enhanced Yield Fund 
May 31, 2021 (Unaudited)Continued 

 

Shares or      
Principal      
Amount Security Description Value 
     
Mortgage Backed Securities†, continued  
Prime Adjustable Rate Mortgage Backed Securities (13.0%)    
$57,758  Citigroup Mortgage Loan Trust, Inc., Series 2004-UST1, Class A5, 2.13%, 8/25/34, Callable 6/25/21 @ 100*(b) $59,045 
 100,860  Impac Secured Assets CMN Owner Trust, Series 2003-3, Class A1, 5.10%, 8/25/33, Callable 6/25/21 @ 100*(b)  104,661 
 422,028  LSTAR Securities Investment, Ltd., Series 2019-4, Class A1, 2.61% (US0001M + 150 bps), 5/1/24(a)  419,844 
 702,249  LSTAR Securities Investment, Ltd., Series 2019-3, Class A2, 3.61% (US0001M + 250 bps), 4/1/24, Callable 5/1/23 @ 100*(a)  704,859 
 530,000  LSTAR Securities Investment, Ltd., Series 2019-4, Class A2, 3.61% (US0001M + 250 bps), 5/1/24(a)  543,712 
 500,000  Mello Warehouse Securitization Trust, Series 2020-2, Class E, 2.34% (US0001M + 225 bps), 11/25/53, Callable 12/25/23 @ 100*(a)  501,241 
 500,000  Mello Warehouse Securitization Trust, Series 2021-1, Class G, 4.48% (US0001M + 438 bps), 2/25/55, Callable 2/25/24 @ 100*(a)  502,484 
 136,713  RBSSP Resecuritization Trust, Series 2011-3, Class 2A1, 0.36% (US0001M + 25 bps), 2/26/37(a)  137,147 
 38,079  Structured Adjustable Rate Mortgage Loan Trust, Series 2004-12, Class 3A2, 2.48%, 9/25/34, Callable 6/25/21 @ 100*(b)  38,947 
 36,046  Structured Adjustable Rate Mortgage Loan Trust, Series 2004-8, Class 3A, 2.65%, 7/25/34, Callable 6/25/21 @ 100*(b)  38,626 
 153,094  Terwin Mortgage Trust, Series 2006-9HGA, Class A2, 0.51% (US0001M + 20 bps), 10/25/37, Callable 6/25/21 @ 100*(a)  152,004 
 83,404  WinWater Mortgage Loan Trust, Series 2014-1, Class A1, 3.85%, 6/20/44, Callable 1/20/22 @ 100*(a)(b)  84,433 
       3,287,003 
Prime Fixed Mortgage Backed Securities (8.1%)    
 134,861  Alternative Loan Trust, Series 2004-18CB, Class 4A1, 5.50%, 9/25/34, Callable 6/25/21 @ 100*  138,916 
 18,725  Banc of America Funding Trust, Series 2004-3, Class 1A9, 5.50%, 10/25/34, Callable 6/25/21 @ 100*  19,061 
 345,000  Brean Asset Backed Securities Trust, Series 2021-RM1, Class M1, 1.60%, 10/25/63, Callable 9/25/27 @ 100*(d)  315,486 
 8,991  Citicorp Mortgage Securities Trust, Series 2006-3, Class 1A19, 5.75%, 6/25/36, Callable 6/25/21 @ 100*  9,009 
 10,625  Citicorp Mortgage Securities Trust, Series 2006-3, Class 1A3, 6.25%, 6/25/36, Callable 6/25/21 @ 100*  10,847 
 117,498  Countrywide Home Loans, Series 2005-6, Class 1A3, 5.15%, 4/25/35, Callable 6/25/21 @ 100*  122,819 
 27,000  Countrywide Home Loans, Series 2004-10, Class A4, 5.25%, 7/25/34, Callable 6/25/21 @ 100*  28,147 
 86,000  Countrywide Home Loans, Series 2004-4, Class A4, 5.25%, 5/25/34, Callable 6/25/21 @ 100*  89,767 

 

Shares or      
Principal      
Amount  Security Description Value 
       
Mortgage Backed Securities†, continued   
Prime Fixed Mortgage Backed Securities, continued:      
$43,000  Countrywide Home Loans, Series 2004-9, Class A5, 5.25%, 6/25/34, Callable 6/25/21 @ 100* $43,860 
 225,000  Countrywide Home Loans, Series 2005-5, Class A4, 5.40%, 3/25/35, Callable 6/25/21 @ 100*  228,094 
 107,655  Countrywide Home Loans, Series 2004-4, Class A9, 5.50%, 5/25/34, Callable 6/25/21 @ 100*  108,220 
 51,000  Countrywide Home Loans, Series 2004-8, Class 1A3, 5.50%, 7/25/34, Callable 6/25/21 @ 100*  51,218 
 51,000  Countrywide Home Loans, Series 2004-8, Class 1A7, 5.75%, 7/25/34, Callable 6/25/21 @ 100*  51,789 
 10,924  Credit Suisse Mortgage Trust, Series 2013-IVR2, Class AD, 1.55%, 4/25/43, Callable 10/25/22 @ 100*(a)(b)  10,926 
 61,990  GMAC Mortgage Loan Trust, Series 2004-J2, Class A8, 5.75%, 6/25/34, Callable 6/25/21 @ 100*  62,969 
 102,687  GSR Mortgage Loan Trust, Series 2004-10F, Class 6A1, 5.00%, 9/25/34, Callable 6/25/21 @ 100*  103,763 
 255,000  Mello Warehouse Securitization Trust, Series 2021-2, Class F, 4.84% (US0001M + 475 bps), 4/25/55, Callable 4/25/24 @ 100*(a)  255,359 
 315,000  NewRez Warehouse Securitization Trust, Series 2021-1, Class F, 5.34% (US0001M + 525   bps), 5/25/55, Callable 5/25/24 @ 100*(a)  316,234 
 2,702  Sequoia Mortgage Trust, Series 2013-4, Class A3, 1.55%, 4/25/43, Callable 6/25/22 @ 100*(b)  2,701 
 59,000  WaMu Mortgage Pass-Through Certificate, Series 2004-RS1, Class A3, 5.50%, 11/25/33, Callable 6/25/21 @ 100*  60,362 
       2,029,547 
U.S. Government Agency Mortgage Backed Securities (5.2%)    
 73,659  Fannie Mae, Series 2013-56, Class GM, 2.00%, 8/25/41  76,227 
 90,317  Fannie Mae, Series 2003-W14, Class 2A, 3.88%, 1/25/43, Callable 6/25/21 @ 100*(b)  94,621 
 191,980  Fannie Mae, Series 2003-W13, Class AF5, 4.78%, 10/25/33, Callable 6/25/21 @ 100*(b)(c)  216,717 
 129,037  Fannie Mae, Series 2002-W11, Class AF5, 4.98%, 11/25/32, Callable 6/25/21 @ 100*(b)(c)  138,398 
 143,651  Fannie Mae, Series 2004-W3, Class A8, 5.50%, 5/25/34, Callable 6/25/21 @ 100*  158,604 
 173,408  Fannie Mae, Series 240, Class 11, 9.00%, 9/25/23  187,512 
 194,644  Fannie Mae, Series 250, Class 11, 9.00%, 10/25/23  211,204 
 178,000  Freddie Mac, 1.50%, 1/27/33, Callable 7/27/21 @ 100*  170,404 
 57,895  Freddie Mac, Series 2017-SC01, Class 2A, 3.50%, 12/25/46, Callable 5/25/25 @ 100*  58,301 
 3,044  Government National Mortgage Assoc., Series 2013-176, Class BE, 7.16%, 3/16/46, Callable 6/16/21 @ 100*(b)  4,599 
       1,316,587 
Total Mortgage Backed Securities (Cost $7,467,639)  7,564,021 

 

See notes to the schedule of portfolio investments.

- 18 -

 

 

Schedule of Portfolio InvestmentsStrategic Enhanced Yield Fund
May 31, 2021 (Unaudited)Concluded

 

Shares or      
Principal      
Amount  Security Description Value 
       
Corporate Bonds (26.6%)   
Aerospace & Defense (2.3%)    
$389,000  Boeing Co. (The), 8.75%, 9/15/31 $572,891 
Airlines (3.0%)    
 416,780  Alaska Airlines Pass Through Trust, Class B, 8.00%, 2/15/27 (a)  467,898 
 284,164  American Airlines Pass-Through Trust, Class A, 4.95%,7/15/24  287,009 
      754,907 
Banks (3.3%)    
 543,000  Citigroup, Inc., 4.00% (H15T5Y + 360 bps), 12/31/99, Callable 12/10/25 @ 100*  553,860 
 273,000  Wells Fargo & Co., 3.90% (H15T5Y + 345 bps), 12/31/99, Callable 3/15/26 @ 100*  279,839 
      833,699 
Capital Markets (4.4%)    
 500,000  Goldman Sachs Group, Inc. (The), 3.80% (H15T5Y + 297 bps), 12/31/99, Callable 5/10/26 @ 100*  500,750 
 605,000  Goldman Sachs Group, Inc. (The), 5.00% (US0003M + 287 bps), 12/31/99, Callable 11/10/22 @ 100*  608,128 
      1,108,878 
Chemicals (1.8%)    
 400,000  Monsanto Co., 5.50%, 7/30/35  457,608 
Oil, Gas & Consumable Fuels (3.4%)    
 287,000  HollyFrontier Corp., 4.50%, 10/1/30, Callable 7/1/30 @ 100*  300,858 
 26,000  ONEOK, Inc., 5.85%, 1/15/26, Callable 12/15/25 @ 100*  30,836 
 425,000  ONEOK, Inc., 6.35%, 1/15/31, Callable 10/15/30 @ 100*  538,911 
       870,605 
Sovereign Bond (1.8%)    
 450,000  International Bank for Reconstruction & Development, 2.70%, 12/28/37, Callable 12/28/22 @ 100*  447,137 

 

Shares or      
Principal      
Amount  Security Description Value 
       
Corporate Bonds, continued     
Technology Hardware, Storage & Peripherals (1.1%)      
$209,000  Hewlett Packard Enterprise Co., 6.35%, 10/15/45, Callable 4/15/45 @ 100*   $276,196 
Tobacco (5.5%)      
 180,000  Altria Group, Inc., 5.95%, 2/14/49, Callable 8/14/48 @ 100*    221,366 
 546,000  BAT Capital Corp., 4.91%, 4/2/30, Callable 1/2/30 @ 100*    618,642 
 156,000  Philip Morris International, Inc., 6.38%, 5/16/38    217,404 
 227,000  Reynolds American, Inc., 8.13%, 5/1/40    323,527 
Total Corporate Bonds (Cost $6,689,458)    1,380,939 
       6,702,860 
U.S. Government Agency Securities (8.0%)    
Federal Farm Credit Banks      
 1,000,000  1.99%, 9/24/40, Callable 9/24/21 @ 100*    936,263 
 150,000  2.00%, 5/14/40, Callable 5/14/25 @ 100*    141,401 
 230,000  2.13%, 5/21/40, Callable 6/17/21 @ 100*    221,207 
       1,298,871 
Federal Home Loan Banks      
 220,000  1.92%, 6/4/37, Callable 6/17/21 @ 100*  211,081 
 220,000  1.95%, 6/3/36, Callable 6/17/21 @ 100*  214,197 
 285,000  2.00%, 5/4/35, Callable 6/17/21 @ 100*  281,892 
Total U.S. Government Agency Securities (Cost $2,104,514)    707,170 
       2,006,041 
Investment Companies (4.3%)      
 12,511  iShares IBoxx High Yield Corporate Bond ETF, 4.65%  1,090,709 
Total Investment Companies (Cost $1,086,674)    1,090,709 
     
Investment in Affiliates (10.9%)      
 2,747,312  Cavanal Hill Government Securities Money Market      
    Fund, Select Shares, 0.01%(e)    2,747,312 
Total Investment in Affiliates (Cost $2,747,312)    2,747,312 
     
Total Investments (Cost $25,052,586) - 99.7%    25,127,927 
Other assets in excess of liabilities † 0.3%     66,165 
Net Assets - 100.0%   $25,194,092 

 

 

(a)Represents a restricted security, purchased under Rule 144A, Section 4(2), which is exempt from registration under the Securities Act of 1933, as amended. The security has been deemed liquid according to the policies and procedures adopted by the Board of Trustees.
(b)The rate for certain asset-backed and mortgage-backed securities may vary based on factors relating to the pool of assets underlying the security. The rate presented is the rate in effect at May 31, 2021.
(c)Step Bond: Coupon rate is set for an initial period and then increased to a higher coupon rate at a specified date. The rate shown is the rate in effect at May 31, 2021.
(d)Represents a restricted security, purchased under Rule 144A, Section 4(2), which is exempt from registration under the Securities Act of 1933, as amended. The security has been deemed illiquid according to the policies and procedures adopted by the Board of Trustees. At May 31, 2021, illiquid securities were 3.6% of the Fund's net assets.
(e)Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at May 31, 2021.
*Represents next call date. Additional subsequent call dates and amounts may apply to this security.
Mortgage backed securities are classified based on the characteristics of their underlying collateral, the fixed vs. variable nature of the obligations, and the credit standing of the mortgagors. The fixed or variable rate nature of securities interest payments to which the fund is entitled may not coincide with the payment nature of the collateral underlying the securities.

 

ETFExchange Traded Fund
H15T5Y5 Year Treasury Constant Maturity Rate
LIBORLondon Interbank Offered Rate
US0001M1 Month US Dollar LIBOR
US0003M3 Month US Dollar LIBOR

 

See notes to the schedule of portfolio investments.

- 19 -

 

 

Schedule of Portfolio InvestmentsUltra Short Tax-Free Income Fund
May 31, 2021 (Unaudited) 

 

Shares or      
Principal      
Amount  Security Description Value 
    
Municipal Bonds (104.4%)   
Alaska (0.3%)   
$100,000  City of Valdez Alaska Revenue, Series C, 0.02%, 12/1/29, Continuously Callable @ 100, GTY(a) $100,000 
Colorado (4.3%)    
 1,505,000  City of Colorado Springs, Colorado Variable Rate Demand Utilities System Improvement Revenue, Series C, 0.04%, 11/1/40, Continuously Callable @ 100, Barclays Bank(a)  1,505,000 
Connecticut (2.2%)   
 750,000  Town of Griswold CT, GO, 1.25%, 7/19/21  750,837 
District of Columbia (3.8%)    
 1,325,000  Metropolitan Washington Airports Authority Revenue, Series D-1, 0.05%, 10/1/39, Continuously Callable @ 100, LOC(a)  1,325,000 
Florida (4.0%)    
 1,400,000  Palm Beach County Revenue, 0.05%, 7/1/32, Callable 7/1/21 @ 100, Northern Trust Co.*(a)  1,400,000 
Illinois (16.7%)    
 1,400,000  Channahon Illinois, Morris Hospital Revenue, 0.04%, 12/1/34, Continuously Callable @ 100, U.S. Bank NA(a)  1,400,000 
 130,000  City of Monmouth IL, GO, 4.00%, 12/1/21, BAM  132,137 
 165,000  City of Waukegan IL Water & Sewer System Revenue, 4.00%, 12/30/21, AGM  168,528 
 525,000  Cook County Community Unit School District No 401 Elmwood Park, GO, 3.00%, 12/1/21  532,214 
 340,000  Cook County School District No 162 Matteson, GO, Series B, 3.00%, 12/1/21, BAM  344,501 
 405,000  Cook County School District No 88 Bellwood, GO, 4.00%,12/1/22  426,903 
 145,000  County of Du Page IL, GO, 4.00%, 7/1/21  145,450 
 200,000  Kankakee & Will Counties Community Unit School District No 5, GO, 5.00%, 12/1/21, BAM  204,735 
 100,000  Sangamon Logan & Menard Counties Community Unit School Dist No 15 Williamsville, GO, 5.00%,12/1/22, BAM  106,402 
 1,300,000  Village of Brookfield IL Revenue, 0.07%, 6/1/38, Continuously Callable @100, Northern Trust Co.(a)  1,300,000 
 345,000  Village of Franklin Park IL, GO, 3.00%, 7/1/23, AGC: ASSURED GUARANTY CORP  363,535 
 170,000  West Chicago Park District, GO, Series B, 3.00%, 12/1/22, BAM  177,075 
 500,000  Williamson & Johnson Counties Community Unit School District No 2 Marion, GO, 2.00%, 12/1/21, BAM  503,762 
       5,805,242 
Indiana (13.5%)    
 1,400,000  Beech Grove Central School Building Corp. Revenue, 2.00%, 7/15/21, Continuously Callable @ 100  1,400,680 
 500,000  Brownsburg 1999 School Building Corp. Revenue, 1.50%, 5/13/22, Continuously Callable @ 100  502,141 
 750,000  Hamilton Southeastern Consolidated School Building Corp. Revenue, 2.00%, 7/15/21  750,866 
 750,000  Hamilton Southeastern Schools, GO, Series B, 3.00%, 12/31/21, ST INTERCEPT  761,237 
 400,000  Lafayette School Corp., GO, 4.00%, 7/15/21, ST INTERCEPT  401,678 

 

Shares or      
Principal      
Amount  Security Description Value 
   
Municipal Bonds, continued  
Indiana, continued:    
$850,000  Lafayette School Corp., GO, 4.00%, 1/15/22, ST INTERCEPT $868,838 
       4,685,440 
Kentucky (4.7%)    
 380,000  Bowling Green Independent School District Finance Corp. Revenue, 4.00%, 11/1/22, ST INTERCEPT  399,872 
 200,000  Kentucky Association of Counties Finance Corp. Revenue, 2.00%, 2/1/23  204,893 
 1,000,000  Kentucky Interlocal School Transportation Association, 1.25%, 3/1/23, STATE INTERCEPT PROG FOR HIGHER ED  1,014,528 
       1,619,293 
Lousiana (1.0%)    
 325,000  Lafourche Parish School Board, GO, 5.00%, 3/1/22  336,308 
Minnesota (4.0%)    
 1,400,000  City of Minneapolis MN Revenue, Series B, 0.06%, 12/1/27, Callable 7/1/21 @ 100, WELLS FARGO*(a)  1,400,000 
Mississippi (4.0%)    
 400,000  County of Jackson MS Revenue, 0.01%, 6/1/23, Callable 7/1/21 @ 100*(a)  400,000 
 1,000,000  Mississippi Business Finance Corp. Revenue, Series G, 0.01%, 11/1/35, Callable 7/1/21 @ 100*(a)  1,000,000 
       1,400,000 
Missouri (1.2%)    
 200,000  Nixa Public Schools, 4.00%, 4/1/22  206,056 
 185,000  Nixa Public Schools, 4.00%, 4/1/23  197,123 
       403,179 
Nevada (3.9%)    
 1,350,000  County of Clark Nevada Industrial Development Revenue, Series A, 0.08%, 12/1/39, Continuously Callable @ 100, Bank of America(a)  1,350,000 
Oregon (3.5%)    
 1,200,000  State of Oregon, GO, 0.05%, 12/1/36, Continuously Callable @ 100, Unicredit SpA(a)  1,200,000 
Pennsylvania (4.1%)    
 125,000  City of Allentown PA, GO, 4.00%, 10/1/21, BAM  126,491 
 1,300,000  Philadelphia Pennsylvania, GO, Series B, 0.04%, 8/1/31, Continuously Callable @ 100, Barclays Bank(a)  1,300,000 
       1,426,491 
Rhode Island (4.0%)    
 1,400,000  Rhode Island Health and Educational Building Corp. Revenue, 0.04%, 9/1/43, Callable 7/1/21 @ 100, Northern Trust Co.*(a)  1,400,000 
Tennessee (10.8%)    
 400,000  Clarksville Public Building Authority Revenue, 0.04%, 1/1/33, Callable 7/1/21 @ 100, BAM*(a)  400,000 
 255,000  County of Fayette TN, GO, 2.00%, 3/1/23  262,573 
 500,000  County of Hawkins TN, GO, 3.00%, 3/1/22  510,168 
 1,200,000  Loudon Industrial Development Board Revenue, 0.05%, 6/1/23, Continuously Callable @ 100, CITI: CITIGROUP(a)  1,200,000 

 

See notes to the schedule of portfolio investments.

- 20 -

 

 

Schedule of Portfolio InvestmentsUltra Short Tax-Free Income Fund
May 31, 2021 (Unaudited)Concluded

 

Shares or
Principal
Amount
  Security Description Value 
     
Municipal Bonds, continued    
Tennessee, continued:    
$1,400,000  Montgomery County Public Building Authority Revenue, 0.11%, 11/1/27, Callable 7/1/21 @ 100, Bank of America*(a) $1,400,000 
       3,772,741 
Texas (16.0%)    
 1,020,000  Austin Texas Hotel Occupancy Tax Revenue, 0.08%, 11/15/29, Continuously Callable @100, JPM(a)  1,020,000‌ 
 215,000  City of Austin TX Revenue, 5.00%, 11/15/22, Continuously Callable @100, AGC: ASSURED GUARANTY CORP.  219,755‌ 
 100,000  City of Elgin TX, GO, 4.00%, 7/15/22, AGC: ASSURED GUARANTY CORP.  104,085‌ 
 100,000  City of Elgin TX, GO, 4.00%, 7/15/22, AGC: ASSURED GUARANTY CORP.  104,085‌ 
 100,000  City of Elgin TX, GO, 4.00%, 7/15/23, AGC: ASSURED GUARANTY CORP.  107,580‌ 
 100,000  City of Elgin TX, GO, 4.00%, 7/15/23, AGC: ASSURED GUARANTY CORP.  107,580‌ 
 200,000  Fort Bend County Municipal Utility District No.130,GO,2.00%,9/1/21,AGM  200,554‌ 
 265,000  Fort Bend County Municipal Utility District No 130, GO, 2.00%, 9/1/22, AGM  268,526‌ 
 165,000  Fort Bend County Municipal Utility District No 139, GO, 4.00%, 3/1/22, AGC: ASSURED GUARANTY CORP.  169,548‌ 
 180,000  Fort Bend County Municipal Utility District No 139, GO, 4.00%, 3/1/23, AGC: ASSURED GUARANTY CORP.  191,060 

 

 

Shares or
Principal
Amount
  Security Description Value 
      
Municipal Bonds, continued    
Texas, continued:    
$380,000  Fort Bend County Municipal Utility District No 169, GO, 3.00%, 12/1/21, AGM  $384,744‌ 
 675,000  Galveston County Municipal Utility District No 56, GO, 4.50%, 12/1/22, AGM  717,064‌ 
 170,000  Grand Mission Municipal Utility District No 1, GO, 3.00%,9/1/22,AGM  175,722‌ 
 375,000  Harris County Municipal Utility District NO 278, GO,4.00%,9/1/23  404,626‌ 
 365,000  Harris County Municipal Utility District No 287, GO, 2.00%, 9/1/21, AGM  366,529‌ 
 570,000  Harris County Municipal Utility District No 287, GO, 2.00%, 9/1/22, AGM  581,952‌ 
 125,000  Remington Municipal Utility District No 1, GO, 4.00%,9/1/21,AGM  126,147‌ 
 165,000  Sienna Plantation Municipal Utility District No 12, GO, 3.00%, 9/1/22, AGC: ASSURED GUARANTY CORP.  170,680‌ 
 150,000  Spring West Municipal Utility District, GO, 3.00%, 9/1/21,AGM  151,036‌ 
       5,571,273‌ 
Wisconsin (2.4%)    
 830,000  City of Park Falls WI Water & Sewer System Revenue, 3.00%, 3/1/22  845,132‌ 
Total Municipal Bonds (Cost $36,277,503)  36,295,936‌ 
      
Investment in Affiliates (0.2%)    
 57,064  Cavanal Hill Government Securities Money Market Fund, Select Shares, 0.01%(b)  57,064‌ 
Total Investment in Affiliates (Cost $57,064)  57,064‌ 
     
Total Investments (Cost $36,334,567) - 104.6%  36,353,000‌ 
Liabilities in excess of other assets † (4.6)%  (1,587,029‌) 
Net Assets - 100.0%  $34,765,971‌ 

 

(a)Interest rate is determined by the Remarketing Agent. The rate presented is the rate in effect at May 31, 2021.
(b)Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at May 31, 2021.
*Represents next call date. Additional subsequent call dates and amounts may apply to this security.

 

AGCAssured Guaranty Corporation
AGMAssured Guaranty Municipal Corporation
BAMBuild America Mutual Assurance Company
GOGeneral Obligation
GTYGuarantor Agreement
JPMJ.P. Morgan Chase Bank
LOCLetter of Credit

 

See notes to the schedule of portfolio investments.

- 21 -

 

 

Schedule of Portfolio InvestmentsActive Core Fund
May 31, 2021 (Unaudited) 

 

Shares or
Principal
Amount
  Security Description Value 
         
Common Stocks (54.6%)    
Aerospace & Defense (0.7%)    
 317‌  General Dynamics Corp.  $60,201‌ 
 41‌  HEICO Corp.  5,759‌ 
 38‌  HEICO Corp., Class A  5,034‌ 
 150‌  L3Harris Technologies, Inc.  32,709‌ 
 257‌  Lockheed Martin Corp.  98,225‌ 
 75‌  Northrop Grumman Corp.  27,440‌ 
 62‌  Raytheon Technologies Corp.  5,500‌ 
 32‌  Teledyne Technologies, Inc.(a)  13,423‌ 
 245‌  The Boeing Co.(a)  60,520‌ 
 40‌  TransDigm Group, Inc.(a)  25,954‌ 
       334,765‌ 
Air Freight & Logistics (0.1%)    
 140‌  United Parcel Service, Inc., Class B  30,044‌ 
Airlines (1.0%)    
 20,000‌  American Airlines Group, Inc.(a)  484,800‌ 
 694‌  Delta Air Lines, Inc.(a)  33,090‌ 
 118‌  Southwest Airlines Co.(a)  7,252‌ 
       525,142‌ 
Auto Components (0.2%)    
 1,563‌  BorgWarner, Inc.  80,166‌ 
 869‌  Gentex Corp.  30,850‌ 
 59‌  Lear Corp.  11,408‌ 
       122,424‌ 
Automobiles (0.2%)    
 167‌  Tesla, Inc.(a)  104,412‌ 
Banks (1.8%)    
 1,872‌  Bank of America Corp.  79,354‌ 
 728‌  Citigroup, Inc.  57,301‌ 
 311‌  East West Bancorp, Inc.  23,256‌ 
 2,388‌  JPMorgan Chase & Co.  392,205‌ 
 735‌  People's United Financial, Inc.  13,899‌ 
 69‌  SVB Financial Group(a)  40,219‌ 
 170‌  The PNC Financial Services Group, Inc.  33,096‌ 
 1,779‌  Truist Financial Corp.  109,907‌ 
 2,199‌  U.S. Bancorp  133,655‌ 
 283‌  Western Alliance Bancorp  28,303‌ 
       911,195‌ 
Beverages (0.7%)    
 63‌  Coca-Cola Consolidated, Inc.  25,510‌ 
 567‌  Monster Beverage Corp.(a)  53,451‌ 
 1,300‌  PepsiCo, Inc.  192,322‌ 
 1,864‌  The Coca-Cola Co.  103,061‌ 
       374,344  
Biotechnology (1.0%)    
 1,515‌  AbbVie, Inc.  171,498‌ 
 252‌  Amgen, Inc.  59,961‌ 
 225‌  Biogen, Inc.(a)  60,183‌ 
 450‌  Eagle Pharmaceuticals,Inc.(a)  17,829‌ 
 589‌  Exact Sciences Corp.(a)  65,102‌ 
 308‌  Exelixis, Inc.(a)  6,945‌ 
 439‌  Gilead Sciences, Inc.  29,022‌ 
 50‌  Moderna, Inc.(a)  9,251‌ 
 121‌  Neurocrine Biosciences, Inc.(a)  11,643‌ 
 31‌  Regeneron Pharmaceuticals, Inc.(a)  15,575‌ 
 347‌  Sage Therapeutics, Inc.(a)  24,151‌ 
 37‌  Sarepta Therapeutics, Inc.(a)  2,799‌ 
 125‌  Vertex Pharmaceuticals, Inc.(a)  26,079‌ 
       500,038 
Building Products (0.3%)    
 266‌  Allegion PLC  37,368‌ 
 171‌  Carrier Global Corp.  7,854‌ 

 

Shares or
Principal
Amount
  Security Description Value 
         
Common Stocks, continued    
Building Products, continued:    
 184‌  CSW Industrials, Inc. $ 22,415‌ 
 146‌  Lennox International, Inc.  51,090‌ 
 366‌  Patrick Industries, Inc.  31,366‌ 
 245‌  Simpson Manufacturing Co, Inc.  27,518‌ 
       177,611‌ 
Capital Markets (2.4%)    
 260‌  Ameriprise Financial, Inc.  67,558‌ 
 83‌  BlackRock, Inc.  72,794‌ 
 492‌  CME Group, Inc.  107,630‌ 
 307‌  Cohen & Steers, Inc.  22,451‌ 
 658‌  Evercore, Inc.  95,976‌ 
 1,057‌  GAMCO Investors, Inc., Class A  27,070‌ 
 221‌  Hamilton Lane, Inc., Class A  19,972‌ 
 313‌  Houlihan Lokey, Inc.  23,441‌ 
 526‌  Intercontinental Exchange, Inc.  59,375‌ 
 395‌  LPL Financial Holdings, Inc.  58,413‌ 
 10‌  MarketAxess Holdings, Inc.  4,665‌ 
 73‌  Moody's Corp.  24,481‌ 
 195‌  MSCI, Inc.,Class A  91,285‌ 
 414‌  Nasdaq, Inc.  69,328‌ 
 290‌  PJT Partners, Inc., Class A  21,118‌ 
 187‌  S&P Global, Inc.  70,961‌ 
 315‌  Stifel Financial Corp.  21,823‌ 
 332‌  StoneX Group, Inc.(a)  22,476‌ 
 329‌  T. Rowe Price Group, Inc.  62,954‌ 
 147‌  The Bank of New York Mellon Corp.  7,656‌ 
 213‌  The Charles Schwab Corp.  15,730‌ 
 637‌  The Goldman Sachs Group, Inc.  236,977‌ 
       1,204,134‌ 
Chemicals (0.9%)    
 578‌  AdvanSix, Inc.(a)  18,299‌ 
 156‌  Air Products & Chemicals, Inc.  46,747‌ 
 158‌  Axalta Coating Systems, Ltd.(a)  5,126‌ 
 1,556‌  CF Industries Holdings, Inc.  82,733‌ 
 146‌  Chase Corp.  15,476‌ 
 1‌  Corteva, Inc.  45‌ 
 1,431‌  Dow, Inc.  97,909‌ 
 226‌  Ecolab, Inc.  48,608‌ 
 512‌  Hawkins, Inc.  17,418‌ 
 159‌  Innospec, Inc.  16,076‌ 
 465‌  Koppers Holdings, Inc.(a)  16,122‌ 
 41‌  Linde PLC  12,325‌ 
 928‌  Olin Corp.  45,370‌ 
 46‌  PPG Industries, Inc.  8,267‌ 
 5‌  The Scotts Miracle-Gro Co.  1,087‌ 
 185‌  Westlake Chemical Corp.  18,661‌ 
       450,269‌ 
Commercial Services & Supplies (0.3%)    
 279‌  Cintas Corp.  98,638‌ 
 417‌  Waste Management, Inc.  58,663‌ 
       157,301‌ 
Communications Equipment (0.6%)    
 144‌  Arista Networks, Inc.(a)  48,870‌ 
 2,592‌  Cisco Systems, Inc.  137,117‌ 
 356‌  Palo Alto Networks, Inc.(a)  129,317‌ 
       315,304‌ 
Construction & Engineering (0.4%)    
 616‌  Jacobs Engineering Group, Inc.  87,521‌ 
 681‌  Primoris Services Corp.  21,649‌ 
 867‌  Quanta Services, Inc.  82,668‌ 

  

See notes to the schedule of portfolio investments.

- 22 -

 

 

Schedule of Portfolio InvestmentsActive Core Fund
May 31, 2021 (Unaudited)Continued

 

Shares or
Principal
Amount
  Security Description Value 
     
Common Stocks, continued    
Construction & Engineering, continued:    
 1,013‌  Sterling Construction Co, Inc.(a) 22,793‌ 
       214,631‌ 
Construction Materials (0.1%)    
 177‌  Vulcan Materials Co.  32,448‌ 
Consumer Finance (0.3%)    
 382‌  Capital One Financial Corp.  61,418‌ 
 663‌  Enova International, Inc.(a)  25,108‌ 
 587‌  Onemain Holdings, Inc.  33,952‌ 
 615‌  Synchrony Financial  29,157‌ 
 157‌  World Acceptance Corp.(a)  25,216‌ 
       174,851‌ 
Containers & Packaging (0.5%)    
 317‌  Amcor PLC  3,741‌ 
 263‌  AptarGroup, Inc.  38,742‌ 
 688‌  Ball Corp.  56,526‌ 
 1,346‌  Berry Global Group, Inc.(a)  91,811‌ 
 222‌  Packaging Corp. of America  33,000‌ 
 669‌  Silgan Holdings, Inc.  28,185‌ 
 327‌  UFP Technologies, Inc.(a)  17,802‌ 
       269,807‌ 
Distributors (0.1%)    
 192‌  Genuine Parts Co.  25,175‌ 
 65‌  Pool Corp.  28,376‌ 
       53,551‌ 
Diversified Consumer Services (0.3%)    
 113‌  Bright Horizons Family Solutions, Inc.(a)  15,620‌ 
 476‌  Chegg, Inc.(a)  36,609‌ 
 152‌  H&R Block, Inc.  3,773‌ 
 1,758‌  Perdoceo Education Corp.(a)  21,430‌ 
 1,209‌  Stride, Inc.(a)  32,498‌ 
 465‌  Terminix Global Holdings, Inc.(a)  22,943‌ 
       132,873‌ 
Diversified Financial Services (0.5%)    
 499‌  Berkshire Hathaway, Inc., Class B(a)  144,430‌ 
 2,259‌  Jefferies Financial Group, Inc.  72,582‌ 
 357‌  Voya Financial, Inc.  23,391‌ 
       240,403‌ 
Diversified Telecommunication Services (0.5%)    
 3,223‌  AT&T, Inc.  94,853‌ 
 2,800‌  Verizon Communications, Inc.  158,172‌ 
       253,025‌ 
Electric Utilities (0.7%)    
 95‌  American Electric Power Co., Inc.  8,170‌ 
 75‌  Duke Energy Corp.  7,516‌ 
 249‌  Exelon Corp.  11,235‌ 
 1,498‌  NextEra Energy, Inc.  109,683‌ 
 500‌  OGE Energy Corp.  17,250‌ 
 397‌  Otter Tail Corp.  19,044‌ 
 686‌  Pinnacle West Capital Corp.  58,022‌ 
 2,373‌  PPL Corp.  69,078‌ 
 3,000‌  Spark Energy, Inc., Class A  31,170‌ 
 87‌  Xcel Energy, Inc.  6,167‌ 
       337,335‌ 
Electrical Equipment (0.6%)    
 162‌  Acuity Brands, Inc.  30,091‌ 
 519‌  Emerson Electric Co.  49,663‌ 
 225‌  Generac Holdings,Inc.(a)  73,962‌ 
 580‌  Regal-Beloit Corp.  82,493‌ 
 66‌  Rockwell Automation, Inc.  17,406‌ 
 1,107‌  Vertiv Holdings Co.  27,476‌ 
       281,091‌ 

 

Shares or
Principal
Amount
  Security Description Value 
         
Common Stocks, continued    
Electronic Equipment, Instruments & Components (0.9%)    
 1,254‌  Amphenol Corp., Class A  $84,344‌ 
 608‌  CDW Corp.  100,576‌ 
 2,932‌  Corning, Inc.  127,923‌ 
 485‌  Keysight Technologies, Inc.(a)  69,054‌ 
 1,157‌  Kimball Electronics, Inc.(a)  25,894‌ 
 245‌  National Instruments Corp.  9,996‌ 
 803‌  Sanmina Corp.(a)  33,814‌ 
       451,601‌ 
Energy Equipment & Services (0.2%)    
 572‌  Cactus, Inc., Class A  20,043‌ 
 1,506‌  National Energy Services Reunited Corp.(a)  19,322‌ 
 2,166‌  Schlumberger NV  67,861‌ 
       107,226‌ 
Entertainment (0.7%)    
 365‌  Activision Blizzard, Inc.  35,496‌ 
 1,122‌  Lions Gate Entertainment Corp., Class A(a)  21,857‌ 
 165‌  Netflix, Inc.(a)  82,964‌ 
 55‌  Spotify Technology SA(a)  13,286‌ 
 248‌  Take-Two Interactive Software, Inc.(a)  46,019‌ 
 666‌  The Walt Disney Co.(a)  118,981‌ 
 2,797‌  Zynga,Inc.,Class A(a)  30,319‌ 
       348,922‌ 
Equity Real Estate Investment Trusts (2.1%)    
 1,058‌  American Homes 4 Rent, Class A  40,278‌ 
 165‌  American Tower Corp.  42,151‌ 
 869‌  Care Trust REIT, Inc.  20,230‌ 
 489‌  Corporate Office Properties Trust  13,496‌ 
 889‌  Crown Castle International Corp.  168,466‌ 
 1,127‌  CubeSmart  49,351‌ 
 828‌  Digital Reality Trust, Inc.  125,492‌ 
 965‌  Duke Realty Corp.  44,834‌ 
 18‌  Equinix, Inc.  13,261‌ 
 411‌  Equity LifeStyle Properties, Inc.  29,123‌ 
 310‌  Equity Residential  24,009‌ 
 331‌  Extra Space Storage, Inc.  49,587‌ 
 1,473‌  Getty Realty Corp.  45,854‌ 
 686‌  Host Hotels & Resorts, Inc.(a)  11,779‌ 
 91‌  Innovative Industrial Properties,Inc.  16,401‌ 
 1,358‌  Lamar Advertising Co.  142,346‌ 
 374‌  PotlatchDeltic Corp.  22,515‌ 
 390‌  Prologis, Inc.  45,958‌ 
 135‌  PS Business Parks, Inc.  20,920‌ 
 167‌  Public Storage  47,174‌ 
 50‌  SBA Communications Corp.  14,906‌ 
 46‌  Simon Property Group, Inc.  5,911‌ 
 252‌  SL Green Realty Corp.  19,963‌ 
 333‌  Welltower, Inc.  24,898‌ 
       1,038,903‌ 
Food & Staples Retailing (0.8%)    
 390‌  BJ's Wholesale Club Holdings, Inc.(a)  17,468‌ 
 280‌  Costco Wholesale Corp.  105,915‌ 
 320‌  Ingles Markets, Inc., Class A  19,821‌ 
 1,224‌  Sysco Corp.  99,144‌ 
 152‌  The Kroger Co.  5,621‌ 
 145‌  Walgreens Boots Alliance, Inc.  7,636‌ 
 1,089‌  Wal-Mart Stores, Inc.  154,671‌ 
       410,276‌ 
Food Products (0.5%)    
 121‌  General Mills, Inc.  7,606‌ 
 456‌  Ingredion, Inc.  43,288‌ 
 350‌  Kellogg Co.  22,922‌ 

  

See notes to the schedule of portfolio investments.

- 23 -

 

 

Schedule of Portfolio InvestmentsActive Core Fund 
May 31, 2021 (Unaudited)Continued 

 

 

Shares or

Principal

Amount

  Security Description  Value 
         
Common Stocks, continued    
Food Products, continued:    
 165‌  Lamb Weston Holdings, Inc. $13,611‌ 
 93‌  Lancaster Colony Corp.  17,360‌ 
 1,577‌  Mondelez International, Inc., Class A  100,187‌ 
 180‌  The Hershey Co.  31,149‌ 
       236,123‌ 
Gas Utilities (0.1%)    
 666‌  UGI Corp.  30,669‌ 
Health Care Equipment & Supplies (1.9%)    
 1,081‌  Abbott Laboratories  126,099‌ 
 15‌  ABIOMED, Inc.(a)  4,269‌ 
 69‌  Align Technology, Inc.(a)  40,720‌ 
 674‌  Baxter International, Inc.  55,349‌ 
 246‌  Becton Dickinson & Co.  59,505‌ 
 683‌  Danaher Corp.  174,944‌ 
 32‌  DexCom, Inc.(a)  11,820‌ 
 427‌  Edwards Lifesciences Corp.(a)  40,949‌ 
 607‌  Hill-Rom Holdings, Inc.  67,547‌ 
 904‌  Hologic, Inc.(a)  57,006‌ 
 131‌  IDEXX Laboratories, Inc.(a)  73,112‌ 
 477‌  Medtronic PLC  60,383‌ 
 997‌  Quidel Corp.(a)  117,756‌ 
 15‌  ResMed, Inc.  3,088‌ 
 54‌  STERIS PLC  10,306‌ 
 33‌  Teleflex, Inc.  13,272‌ 
 39‌  The Cooper Cos, Inc.  15,345‌ 
 1,116‌  Zynex, Inc.(a)  16,986‌ 
       948,456‌ 
Health Care Providers & Services (1.4%)    
 744‌  Adapthealth Corp.(a)  19,485‌ 
 315‌  AMN Healthcare Services, Inc.(a)  27,940‌ 
 450‌  Anthem, Inc.  179,199‌ 
 96‌  Chemed Corp.  47,169‌ 
 388‌  CVS Health Corp.  33,539‌ 
 9‌  Guardant Health, Inc.(a)  1,117‌ 
 32‌  HCA Healthcare, Inc.  6,873‌ 
 528‌  Joint Corp. (The)(a)  37,530‌ 
 180‌  Molina Healthcare, Inc.(a)  45,245‌ 
 385‌  National Research Corp.  18,415‌ 
 307‌  Quest Diagnostics,Inc.  40,423‌ 
 838‌  Select Medical Holdings Corp.  33,579‌ 
 281‌  The Ensign Group, Inc.  23,379‌ 
 411‌  UnitedHealth Group, Inc.  169,299‌ 
  683,192‌ 
Health Care Technology (0.3%)    
 779‌  Computer Programs & System, Inc.  25,216‌ 
 202‌  Teladoc Health, Inc.(a)  30,417‌ 
 292‌  Veeva Systems, Inc.(a)  85,072‌ 
       140,705‌ 
Hotels, Restaurants & Leisure (2.2%)    
 551‌  Darden Restaurants, Inc.  78,920‌ 
 803‌  DraftKings, Inc., Class A(a)  40,110‌ 
 114‌  Hilton Worldwide Holdings, Inc.(a)  14,281‌ 
 170‌  McDonald's Corp.  39,761‌ 
 22,000‌  Norwegian Cruise Line Holdings, Ltd.(a)  701,800‌ 
 370‌  Six Flags Entertainment Corp.(a)  16,809‌ 
 1,635‌  Starbucks Corp.  186,194‌ 
 72‌  Yum China Holdings, Inc.  4,870‌ 
 119‌  Yum! Brands, Inc.  14,276‌ 
       1,097,021‌ 
Household Durables (0.1%)    
 525‌  Garmin, Ltd.  74,676‌ 

 

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Principal

Amount

  Security Description  Value 
         
Common Stocks, continued    
Household Products (0.4%)    
 356‌  Central Garden & Pet Co.(a) $19,555‌ 
 320‌  Church & Dwight Co, Inc.  27,434‌ 
 493‌  Colgate-Palmolive Co.  41,303‌ 
 67‌  Kimberly-Clark Corp.  8,752‌ 
 163‌  The Clorox Co.  28,807‌ 
 647‌  The Procter & Gamble Co.  87,248‌ 
       213,099‌ 
Independent Power and Renewable Electricity Producers (0.0%^)    
 909‌  AES Corp.  23,097‌ 
 12‌  NRG Energy, Inc.  386‌ 
       23,483‌ 
Industrial Conglomerates (0.6%)    
 1,111‌  3M Co.  225,577‌ 
 93‌  Carlisle Cos, Inc.  17,886‌ 
 257‌  Honeywell International, Inc.  59,344‌ 
 54‌  Roper Technologies, Inc.  24,301‌ 
       327,108‌ 
Insurance (1.3%)    
 96‌  AON PLC, Class A.  24,324‌ 
 213‌  Athene Holdings, Ltd. Class A(a)  13,340‌ 
 874‌  Brighthouse Financial, Inc.(a)  42,529‌ 
 27‌  Chubb, Ltd.  4,590‌ 
 132‌  Cincinnati Financial Corp.  16,066‌ 
 1,106‌  FNF Group  51,971‌ 
 1,956‌  Heritage Insurance Holdings  16,293‌ 
 80‌  Marsh & McLennan Cos., Inc.  11,068‌ 
 1,931‌  Prudential Financial, Inc.  206,559‌ 
 395‌  The Allstate Corp.  53,961‌ 
 165‌  The Hanover Insurance Group, Inc.  23,016‌ 
 1,087‌  The Hartford Financial Services Group, Inc.  71,035‌ 
 203‌  The Progressive Corp.  20,113‌ 
 46‌  Travelers Companies, Inc.  7,346‌ 
 3,033‌  Unum Group  93,932‌ 
       656,143‌ 
Interactive Media & Services (2.1%)      
 110‌  Alphabet, Inc., Class A(a)  259,253‌ 
 139‌  Alphabet, Inc., Class C(a)  335,207‌ 
 710‌  Cargurus, Inc.(a)  20,036‌ 
 1,062‌  Facebook, Inc., Class A(a)  349,111‌ 
 475‌  Snap, Inc, Class A(a)  29,507‌ 
 497‌  Yelp, Inc.(a)  19,935‌ 
 735‌  ZoomInfo Technologies, Inc., Class A(a)  32,215‌ 
  1,045,264‌ 
Internet & Direct Marketing Retail (3.1%)    
 189‌  Amazoncom, Inc.(a)  609,160‌ 
 307‌  Booking Holdings, Inc.(a)  724,996‌ 
 405‌  eBay, Inc.  24,656‌ 
 328‌  Etsy, Inc.(a)  54,031‌ 
 847‌  Expedia Group, Inc.(a)  149,877‌ 
       1,562,720‌ 
IT Services (2.1%)    
 272‌  Accenture PLC, Class A  76,748‌ 
 30‌  Akamai Technologies, Inc.(a)  3,426‌ 
 819‌  Alliance Data Systems Corp.  99,140‌ 
 119‌  Automatic Data Processing, Inc.  23,327‌ 
 82‌  Booz Allen Hamilton Holding Corp.  6,964‌ 
 96‌  CACI International, Inc., Class A(a)  24,476‌ 
 612‌  CSG Systems International, Inc.  26,953‌ 
 774‌  DXC Technology Co.(a)  29,350‌ 
 192‌  Fidelity National Information Services, Inc.  28,604‌ 
 94‌  Fiserv, Inc.(a)  10,829‌