Schedule of Portfolio Investments Limited Duration Fund
November 30, 2021 (Unaudited)  

 

Shares or
Principal
Amount
  Security Description  Value
       
Asset Backed Securities (28.3%)
$2,149,807   AccessLex Institute, Series 2007-A, Class A3, 0.48% (US0003M + 30 bps), 5/25/36, Callable 5/25/23 @ 100*  $2,112,622 
 476,780   Asset Backed Securities Corp. Home Equity Loan Trust, Series 2006-HE1, Class A4, 0.69% (US0001M + 30 bps), 1/25/36, Callable 12/25/21 @ 100*   476,757 
 486,974   Bayview Financial Mortgage Pass-Through Trust, Series 2005-C, Class M3, 1.06% (US0001M + 65 bps), 6/28/44, Callable 12/28/21 @ 100*   487,156 
 880,124   CDC Mortgage Capital Trust, Series 2002-HE1, Class A, 0.71% (US0001M + 62 bps), 1/25/33, Callable 12/25/21 @ 100*   875,389 
 1,326,592   CIT Mortgage Loan Trust, Series 2007-1, Class 1A, 1.44% (US0001M + 135 bps), 10/25/37, Callable 7/25/24 @ 100*(a)   1,335,922 
 104   Citigroup Mortgage Loan Trust, Inc., Series 2005- WF1, Class A5, 5.01%, 11/25/34, Callable 12/25/21 @ 100*(b)   104 
 733,695   CLI Funding VIII LLC, Series 2021-1A, Class B, 2.38%, 2/18/46, Callable 3/18/23 @ 100*(a)   721,920 
 228   Countrywide Asset-Backed Certificates, Series 2002-S1, Class A5, 6.46%, 5/25/32, Callable 12/25/21 @ 100*(b)(c)   227 
 809,714   Countrywide Asset-Backed Certificates, Series 2005-12, Class M2, 0.83% (US0001M + 49 bps), 2/25/36, Callable 12/25/21 @ 100*   809,394 
 1,361,367   Driven Brands Funding LLC, Series 2019-2A, Class A2, 3.98%, 10/20/49, Callable 10/20/24 @ 100*(a)   1,425,457 
 806,000   Flexential Issuer, Series 2021-1A, Class A2, 3.25%, 11/27/51, Callable 11/25/25 @ 100*(a)   800,185 
 457,984   Fremont Home Loan Trust, Series 2004-3, Class 10A1, 1.96% (US0001M + 188 bps), 11/25/34, Callable 12/25/21 @ 100*   426,491 
 1,661,574   Goodgreen Trust, Series 2021-1A, Class A, 2.63%, 4/15/55, Callable 10/15/32 @ 100*(a)   1,665,344 
 197,223   Home Equity Asset Trust, Series 2005-7, Class M1, 0.77% (US0001M + 45 bps), 1/25/36, Callable 12/25/21 @ 100*   197,155 
 962,989   Home Equity Mortgage Loan Asset-Backed Trust, Series 2004-C, Class 2A3, 0.95% (US0001M + 86 bps), 3/25/35, Callable 12/25/21 @ 100*   962,501 
 54   IMC Home Equity Loan Trust, Series 1998-1, Class A6, 7.02%, 6/20/29(b)(c)   54 
 790,308   Lendingpoint Asset Securitization Trust, Series 2021-A, Class A, 1.00%, 12/15/28, Callable 5/15/24 @ 100*(a)   789,054 
 176,097   Merrill Lynch Mortgage Investors Trust, Series 2005-AR1, Class M1, 0.84% (US0001M + 75 bps), 6/25/36, Callable 12/25/21 @ 100*   176,082 
 43,153   New Century Home Equity Loan Trust, Series 2005-A, Class A4W, 4.71%, 8/25/35, Callable 12/25/21 @ 100*(b)(c)   43,113 
 1,734,291   NovaStar Mortgage Funding Trust, Series 2003-2, Class M2, 2.87% (US0001M + 278 bps), 9/25/33, Callable 12/25/21 @ 100*   1,777,142 
 692,099   RAAC Trust, Series 2007-SP1, Class M1, 0.95% (US0001M + 86 bps), 3/25/37, Callable 12/25/21 @ 100*   695,058 

 

Shares or
Principal
Amount
  Security Description  Value
       
Asset Backed Securities, continued:
$104,604   Residential Asset Mortgage Products, Inc., Series 2002-RS2, Class AI5, 6.03%, 3/25/32, Callable 12/25/21 @ 100*  $105,796 
 2,508   Saxon Asset Securities Trust, Series 2003-3, Class AF6, 4.32%, 12/25/33, Callable 12/25/21 @ 100*(b)(c)   2,510 
 1,547,417   Sonic Capital LLC, Series 2021-1A, Class A2I, 2.19%, 8/20/51, Callable 8/20/25 @ 100*(a)   1,514,326 
 63,840   Soundview Home Equity Loan Trust, Series 2005-B, Class M2, 6.23%, 5/25/35, Callable 12/25/21 @ 100*(b)(c)   62,472 
 982,782   Structured Asset Investment Loan Trust, Series 2003-BC2, Class A1, 0.77% (US0001M + 68 bps), 4/25/33, Callable 12/25/21 @ 100*   981,413 
 1,213,305   Structured Asset Investment Loan Trust, Series 2005-HE3, Class M1, 0.81% (US0001M + 72 bps), 9/25/35, Callable 12/25/21 @ 100*   1,211,021 
 343,216   Structured Asset Securities Corp Mortgage Pass- Through Certificates, Series 2004-6XS, Class A5A, 6.03%, 3/25/34, Callable 12/25/21 @ 100*(b)(c)   346,709 
 1,337,000   Taco Bell Funding LLC, Series 2016-1A, Class A23, 4.97%, 5/25/46, Callable 5/25/23 @ 100*(a)   1,406,357 
 622,832   Textainer Marine Containers VII, Ltd., Series 2020-1A, Class A, 2.73%, 8/21/45, Callable 8/20/22 @ 100*(a)   626,930 
 862,563   Wendy's Funding LLC, Series 2019-1A, Class A2I, 3.78%, 6/15/49, Callable 3/15/24 @ 100*(a)   896,911 
 653,363   ZAXBY'S Funding LLC, Series 2021-1A, Class A2, 3.24%, 7/30/51, Callable 7/30/25 @ 100*(a)   667,300 
Total Asset Backed Securities (Cost $23,694,904)   23,598,872 
           
Mortgage Backed Securities† (34.5%)
Alt-A - Adjustable Rate Mortgage Backed Securities (0.7%)
 86,754   Bear Stearns Alternative Trust, Series 2006- 1, Class 21A2, 2.96%, 2/25/36, Callable 12/25/21 @ 100*(b)   72,171 
 9,662   Bear Stearns Alternative Trust, Series 2005- 5, Class 26A1, 4.06%, 7/25/35, Callable 12/25/21 @ 100*(b)   8,072 
 13,601   Countrywide Alternative Loan Trust, Series 2005- 24, Class 1A1, 1.39% (12MTA + 131 bps), 7/20/35, Callable 12/19/21 @ 100*   11,669 
 1,170   Deutsche Mortgage Securities, Inc., Series 2006- ABR, Class A1B1, 0.19% (US0001M + 10 bps), 10/25/36, Callable 12/25/21 @ 100*   958 
 2,443   Deutsche Mortgage Securities, Inc., Series 2003- 4XS, Class A6A, 5.32%, 10/25/33, Callable 12/25/21 @ 100*(b)(c)   2,447 
 3,990   Deutsche Mortgage Securities, Inc., Series 2006- AB4, Class A1A, 6.01%, 10/25/36, Callable 12/25/21 @ 100*(b)   4,038 
 4,190   First Horizon Alternative Mortgage Securities, Series 2004-AA3, Class A1, 2.28%, 9/25/34, Callable 12/25/21 @ 100*(b)   4,164 
 18,154   Master Adjustable Rate Mortgage Trust, Series 2004-13, Class 2A1, 2.62%, 4/21/34, Callable 12/21/21 @ 100*(b)   18,206 

  

See notes to the schedule of portfolio investments.

- 1 -

 

 

Schedule of Portfolio Investments Limited Duration Fund
November 30, 2021 (Unaudited) Continued

 

Shares or
Principal
Amount
  Security Description  Value
 
Mortgage Backed Securities†, continued:
Alt-A - Adjustable Rate Mortgage Backed Securities, continued:
$377,126   Nomura Asset Acceptance Corp., Series 2005- AR4, Class 3A1, 2.95%, 8/25/35, Callable 12/25/21 @ 100*(b)  $409,051 
 30,066   Residential Accredit Loans, Inc., Series 2004- QA4, Class NB21, 3.01%, 9/25/34, Callable 12/25/21 @ 100*(b)   31,001 
 16,333   Residential Accredit Loans, Inc., Series 2006- QA1, Class A21, 4.31%, 1/25/36, Callable 12/25/21 @ 100*(b)   14,513 
         576,290 
Alt-A - Fixed Rate Mortgage Backed Securities (0.8%)
 10,584   Chaseflex Trust, Series 2005-1, Class 2A4, 5.50%, 2/25/35, Callable 12/25/21 @ 100*   9,084 
 16,805   Citigroup Mortgage Alternative Loan Trust, Series 2006-A3, Class 1A5, 6.00%, 7/25/36, Callable 12/25/21 @ 100*   16,688 
 375   Countrywide Alternative Loan Trust, Series 2004- 12CB, Class 1A1, 5.00%, 7/25/19, Callable 12/25/21 @ 100*   379 
 13,434   Countrywide Alternative Loan Trust, Series 2005- J13, Class 2A3, 5.50%, 11/25/35, Callable 12/25/21 @ 100*   11,641 
 17,152   Countrywide Alternative Loan Trust, Series 2006- 2CB, Class A3, 5.50%, 3/25/36, Callable 12/25/21 @ 100*   10,572 
 17,930   Countrywide Alternative Loan Trust, Series 2006- 31CB, Class A16, 6.00%, 11/25/36, Callable 12/25/21 @ 100*   14,034 
 17,517   Countrywide Alternative Loan Trust, Series 2006- 43CB, Class 1A4, 6.00%, 2/25/37, Callable 12/25/21 @ 100*   13,013 
 127,195   Countrywide Alternative Loan Trust, Series 2006-J8, Class A2, 6.00%, 2/25/37, Callable 2/25/22 @ 100*   79,328 
 60,724   Countrywide Alternative Loan Trust, Series 2004-J8, Class 2A1, 7.00%, 8/25/34, Callable 12/25/21 @ 100*   59,156 
 40,062   First Horizon Alternative Mortgage Securities, Series 2006-FA3, Class A6, 6.00%, 7/25/36, Callable 12/25/21 @ 100*   26,018 
 132   Master Alternative Loans Trust, Series 2004-3, Class 1A1, 5.00%, 3/25/19, Callable 12/25/21 @ 100*   131 
 723   Master Alternative Loans Trust, Series 2005-1, Class 5A1, 5.50%, 1/25/20, Callable 5/25/24 @ 100*   720 
 3,467   Master Alternative Loans Trust, Series 2004-3, Class 3A1, 6.00%, 4/25/34, Callable 12/25/21 @ 100*   3,576 
 292,722   Master Alternative Loans Trust, Series 2004-3, Class 5A1, 6.50%, 3/25/34, Callable 12/25/21 @ 100*   302,662 
 19,495   Master Alternative Loans Trust, Series 2004-1, Class 3A1, 7.00%, 1/25/34, Callable 12/25/21 @ 100*   20,660 
 3,014   Master Alternative Loans Trust, Series 2004-3, Class 8A1, 7.00%, 4/25/34, Callable 12/25/21 @ 100*   3,126 
 1,522   Residential Accredit Loans, Inc., Series 2003- QS14, Class A1, 5.00%, 7/25/18, Callable 12/25/21 @ 100*   1,370 

 

Shares or
Principal
Amount
  Security Description  Value
 
Mortgage Backed Securities†, continued:
Alt-A - Fixed Rate Mortgage Backed Securities, continued:
$101   Residential Accredit Loans, Inc., Series 2004- QS13, Class CB, 5.00%, 9/25/19, Callable 12/25/21 @ 100*  $106 
 5,578   Residential Accredit Loans, Inc., Series 2004- QS6, Class A1, 5.00%, 5/25/19, Callable 12/25/21 @ 100*   5,240 
 25,366   Residential Accredit Loans, Inc., Series 2006- QS6, Class 1A2, 6.00%, 6/25/36, Callable 12/25/21 @ 100*   25,128 
 41,270   Residential Asset Securitization Trust, Series 2006-A9CB, Class A5, 6.00%, 9/25/36, Callable 7/25/22 @ 100*   20,375 
 26,364   Residential Asset Securitization Trust, Series 2007-A5, Class 2A3, 6.00%, 5/25/37, Callable 12/25/21 @ 100*   20,906 
 12,042   Wells Fargo Mortgage Backed Securities Trust, Series 2005-1, Class 2A3, 5.50%, 2/25/35, Callable 12/25/21 @ 100*   11,790 
         655,703 
Prime Adjustable Rate Mortgage Backed Securities (4.3%)
 940   Adjustable Rate Mortgage Trust, Series 2005-1, Class 2A22, 2.72%, 5/25/35(b)   944 
 331,571   American Home Mortgage Investment Trust, Series 2006-2, Class 3A2, 6.70%, 6/25/36, Callable 12/25/21 @ 100*(b)(c)   77,127 
 863,966   Banc of America Funding Corp., Series 2015-R3, Class 4A1, 0.24% (US0001M + 15 bps), 3/27/37(a)   846,954 
 4,238   Bank of America Mortgage Securities, Series 2004-E, Class 1A1, 2.25%, 6/25/34, Callable 12/25/21 @ 100*(b)   4,287 
 5,669   Bank of America Mortgage Securities, Series 2003-H, Class 2A3, 2.36%, 9/25/33, Callable 12/25/21 @ 100*(b)   5,688 
 6,053   Bank of America Mortgage Securities, Series 2006-A, Class 2A1, 2.67%, 2/25/36, Callable 12/25/21 @ 100*(b)   5,981 
 3,357   Bank of America Mortgage Securities, Series 2006-B, Class 2A1, 2.84%, 11/20/46, Callable 12/20/21 @ 100*(b)   3,212 
 5,171   Bear Stearns Adjustable Rate Mortgage Trust, Series 2004-6, Class 1A1, 2.11%, 9/25/34, Callable 12/25/21 @ 100*(b)   4,930 
 3,595   Bear Stearns Adjustable Rate Mortgage Trust, Series 2004-10, Class 15A1, 2.32%, 1/25/35, Callable 12/25/21 @ 100*(b)   3,542 
 4,369   Bear Stearns Adjustable Rate Mortgage Trust, Series 2005-9, Class A1, 2.38% (H15T1Y + 230 bps), 10/25/35, Callable 12/25/21 @ 100*   4,457 
 14,313   Bear Stearns Adjustable Rate Mortgage Trust, Series 2006-4, Class 1A1, 2.81%, 10/25/36, Callable 12/25/21 @ 100*(b)   14,101 
 9,161   Bear Stearns Mortgage Securities, Inc., Series 1997-6, Class 1A, 6.33%, 3/25/31, Callable 12/25/21 @ 100*(b)   9,171 
 9,948   Chase Mortgage Finance Corp., Series 2007- A2, Class 10A1, 3.04%, 7/25/37, Callable 12/25/21 @ 100*(b)   9,161 
 6,253   Citigroup Mortgage Loan Trust, Inc., Series 2005- 3, Class 2A2A, 2.77%, 8/25/35(b)   6,473 

 

See notes to the schedule of portfolio investments.

- 2 -

 

 

Schedule of Portfolio Investments Limited Duration Fund
November 30, 2021 (Unaudited) Continued

 

Shares or
Principal
Amount
  Security Description  Value
 
Mortgage Backed Securities†, continued:
Prime Adjustable Rate Mortgage Backed Securities, continued:
$21,518   Coast Savings & Loan Association, Series 1992- 1, Class A, 2.60%, 7/25/22, Callable 12/25/21 @ 100*(b)  $21,563 
 3,406   Countrywide Home Loans, Series 2003-60, Class 2A1, 2.24%, 2/25/34, Callable 12/25/21 @ 100*(b)   3,304 
 8,040   Countrywide Home Loans, Series 2003-58, Class 2A2, 2.48%, 2/19/34, Callable 12/19/21 @ 100*(b)   8,325 
 835   Countrywide Home Loans, Series 2004-12, Class 10A1, 2.76%, 8/25/34, Callable 12/25/21 @ 100*(b)   838 
 237   Countrywide Home Loans, Series 2003-42, Class 1A1, 3.99%, 9/25/33, Callable 12/25/21 @ 100*(b)   241 
 30,151   Credit Suisse First Boston Mortgage Securities Corp., Series 2002-AR28, Class CB3, 2.47%, 11/25/32, Callable 12/25/21 @ 100*(b)   16,225 
 26,967   Credit Suisse First Boston Mortgage Securities Corp., Series 2004-AR7, Class 2A1, 2.93%, 11/25/34, Callable 12/25/21 @ 100*(b)   28,749 
 7,268   First Horizon Mortgage Pass-Through Trust, Series 2005-AR4, Class 2A1, 2.81%, 10/25/35, Callable 12/25/21 @ 100*(b)   7,304 
 40,883   GMAC Mortgage Corp. Loan Trust, Series 2005- AR6, Class 3A1, 2.92%, 11/19/35, Callable 12/19/21 @ 100*(b)   41,097 
 7,411   GSR Mortgage Loan Trust, Series 2005-AR7, Class 2A1, 2.81%, 11/25/35, Callable 12/25/21 @ 100*(b)   7,532 
 24,521   GSR Mortgage Loan Trust, Series 2005-AR2, Class 1A2, 2.91%, 4/25/35, Callable 12/25/21 @ 100*(b)   24,562 
 6,104   Harborview Mortgage Loan Trust, Series 2005- 14, Class 3A1A, 2.45%, 12/19/35, Callable 12/19/21 @ 100*(b)   5,891 
 63,137   Harborview Mortgage Loan Trust, Series 2004- 10, Class 3A1B, 2.94%, 1/19/35, Callable 12/19/21 @ 100*(b)   62,587 
 11,320   Indymac Index Mortgage Loan Trust, Series 2004-AR4, Class 1A, 2.68%, 8/25/34, Callable 12/25/21 @ 100*(b)   11,266 
 21,842   Indymac Index Mortgage Loan Trust, Series 2006- AR13, Class A1, 2.88%, 7/25/36, Callable 12/25/21 @ 100*(b)   18,943 
 22,082   Indymac Index Mortgage Loan Trust, Series 2004-AR4, Class 3A, 2.94%, 8/25/34, Callable 12/25/21 @ 100*(b)   22,643 
 33,781   Indymac Index Mortgage Loan Trust, Series 2006- AR19, Class 1A2, 3.01%, 8/25/36, Callable 12/25/21 @ 100*(b)   31,100 
 1,666   JPMorgan Mortgage Trust, Series 2006-A5, Class 3A4, 2.80%, 8/25/36, Callable 12/25/21 @ 100*(b)   1,496 
 275   JPMorgan Mortgage Trust, Series 2005-A4, Class 3A1, 2.83%, 7/25/35, Callable 12/25/21 @ 100*(b)   275 
 557,198   LSTAR Securities Investment, Ltd., Series 2021-1, Class A, 1.89% (US0001M + 180 bps), 2/1/26, Callable 2/1/23 @ 100*(a)   556,791 

 

Shares or
Principal
Amount
  Security Description  Value
 
Mortgage Backed Securities†, continued:
Prime Adjustable Rate Mortgage Backed Securities, continued:
$600,000   Mello Warehouse Securitization Trust, Series 2021-2, Class C, 1.19% (US0001M + 110 bps), 4/25/55, Callable 4/25/24 @ 100*(a)  $598,141 
 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*(a)   996,336 
 8,156   Merrill Lynch Mortgage Investors Trust, Series 2004-1, Class 2A2, 2.04%, 12/25/34, Callable 12/25/21 @ 100*(b)   8,301 
 873   Merrill Lynch Mortgage Investors Trust, Series 2004-A1, Class 2A2, 2.24%, 2/25/34, Callable 8/25/26 @ 100*(b)   899 
 8,205   Merrill Lynch Mortgage Investors Trust, Series 2004-A2, Class 1A, 2.59%, 7/25/34, Callable 7/25/25 @ 100*(b)   8,415 
 11,155   Morgan Stanley Mortgage Loan Trust, Series 2004-6AR, Class 2A2, 2.53%, 8/25/34, Callable 1/25/23 @ 100*(b)   11,421 
 4,393   Morgan Stanley Mortgage Loan Trust, Series 2004-6AR, Class 3A, 2.60%, 8/25/34, Callable 8/25/22 @ 100*(b)   4,515 
 2,445   Structured Adjustable Rate Mortgage Loan Trust, Series 2004-1, Class 3A1, 2.39%, 2/25/34, Callable 12/25/21 @ 100*(b)   2,394 
 22,116   Structured Adjustable Rate Mortgage Loan Trust, Series 2004-18, Class 1A2, 2.59%, 12/25/34, Callable 12/25/21 @ 100*(b)   21,675 
 7,464   Structured Asset Mortgage Investments, Inc., Series 2005-AR7, Class 1A1, 2.63%, 12/27/35, Callable 12/25/21 @ 100*(b)   7,770 
 12,581   Structured Asset Securities Corp., Series 2003- 24A, Class 1A3, 2.48%, 7/25/33, Callable 12/25/21 @ 100*(b)   13,117 
 5,449   Washington Mutual Mortgage Pass-Through Certificates, Series 2004-AR10, Class A1B, 0.93% (US0001M + 84 bps), 7/25/44, Callable 12/25/21 @ 100*.   5,455 
 47,385   Washington Mutual Mortgage Pass-Through Certificates, Series 2006-AR14, Class 1A1, 2.56%, 11/25/36, Callable 12/25/21 @ 100*(b)   47,216 
 3,887   Washington Mutual Mortgage Pass-Through Certificates, Series 2004-AR3, Class A2, 2.59%, 6/25/34, Callable 12/25/21 @ 100*(b)   3,993 
 7,944   Washington Mutual Mortgage Pass-Through Certificates, Series 2006-AR10, Class 1A2, 2.84%, 9/25/36, Callable 12/25/21 @ 100*(b)   7,923 
 1,302   Washington Mutual Mortgage Pass-Through Certificates, Series 2006-AR8, Class 1A1, 2.85%, 8/25/46, Callable 12/25/21 @ 100*(b)   1,297 
         3,605,628 
Prime Fixed Mortgage Backed Securities (12.0%)
 695,302   Angel Oak Mortgage Trust, Series 2021-5, Class A1, 0.95%, 7/25/66, Callable 9/25/23 @ 100*(a)(b)   688,295 
 1,231,373   Angel Oak Mortgage Trust, Series 2019-6, Class A1, 2.62%, 11/25/59, Callable 12/25/21 @ 100*(a)(b)   1,231,131 
 2,224,825   Brean Asset Backed Securities Trust, Series RM1, Class A, 1.40%, 10/25/63, Callable 9/25/27 @ 100*(a)(b)   2,119,569 

 

See notes to the schedule of portfolio investments.

- 3 -

 

 

Schedule of Portfolio Investments Limited Duration Fund
November 30, 2021 (Unaudited) Continued

 

Shares or
Principal
Amount
  Security Description  Value
 
Mortgage Backed Securities†, continued:
Prime Fixed Mortgage Backed Securities, continued:
$13,777   Citigroup Mortgage Loan Trust, Inc., Series 2003-1, Class WA2, 6.50%, 6/25/31, Callable 12/25/21 @ 100*  $14,174 
 70,935   Citigroup Mortgage Loan Trust, Inc., Series 2004- NCM2, Class 1CB2, 6.75%, 8/25/34, Callable 12/25/21 @ 100*   75,100 
 12,401   Citigroup Mortgage Loan Trust, Inc., Series 2004- NCM2, Class 2CB3, 8.00%, 8/25/34, Callable 12/25/21 @ 100*   12,924 
 3,550   Credit Suisse First Boston Mortgage Securities Corp., Series 2004-7, Class 5A1, 5.00%, 10/25/19, Callable 12/25/21 @ 100*   3,541 
 75,221   Credit Suisse First Boston Mortgage Securities Corp., Series 2003-23, Class 1A11, 6.00%, 10/25/33   78,623 
 12,196   Credit Suisse First Boston Mortgage Securities Corp., Series 2003-8, Class 5A1, 6.50%, 4/25/33, Callable 12/25/21 @ 100*   12,654 
 18,987   Credit Suisse First Boston Mortgage Securities Corp., Series 2003-1, Class 1A1, 7.00%, 2/25/33, Callable 12/25/21 @ 100*   20,570 
 41,831   Credit Suisse First Boston Mortgage Securities Corp., Series 2002-10, Class 2B1, 7.50%, 5/25/32, Callable 12/25/21 @ 100*   17,893 
 216,330   Credit Suisse First Boston Mortgage Securities Corp., Series 2002-34, Class 1A1, 7.50%, 12/25/32, Callable 12/25/21 @ 100*   229,268 
 847,876   GS Mortgage-Backed Securities Corp. Trust, Series 2019-PJ2, Class A8, 4.00%, 11/25/49, Callable 5/25/22 @ 100*(a)(b)   849,657 
 18,218   GSR Mortgage Loan Trust, Series 2003-3F, Class 2A1, 4.50%, 4/25/33, Callable 12/25/21 @ 100*   18,038 
 21,220   GSR Mortgage Loan Trust, Series 2005-8F, Class 3A4, 6.00%, 11/25/35, Callable 2/25/25 @ 100*   12,287 
 749,388   JPMorgan Mortgage Trust, Series 2020-4, Class A3A, 2.50%, 11/25/50, Callable 8/25/23 @ 100*(a)(b)   748,334 
 547,881   JPMorgan Mortgage Trust, Series 2017-2, Class A4, 3.00%, 5/25/47, Callable 3/25/23 @ 100*(a)(b)   552,696 
 10,383   Lehman Mortgage Trust, Series 2005-3, Class 1A3, 5.50%, 1/25/36, Callable 12/25/21 @ 100*   7,705 
 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*(a).   1,546,947 
 5,329   Residential Funding Mortgage Securities I, Series 2005-S7, Class A1, 5.50%, 11/25/35, Callable 12/25/21 @ 100*   5,171 
 13,197   Residential Funding Mortgage Securities I, Series 2003-S9, Class A1, 6.50%, 3/25/32, Callable 12/25/21 @ 100*   13,913 
 811,724   Starwood Mortgage Residential Trust, Series 2018-IMC2, Class A1, 4.12%, 10/25/48, Callable 12/25/21 @ 100*(a)(b)   816,552 
 71,829   Structured Asset Mortgage Investments, Inc., Series 1999-2, Class 3A, 6.75%, 5/25/29, Callable 12/25/21 @ 100*   75,324 

 

Shares or
Principal
Amount
  Security Description  Value
 
Mortgage Backed Securities†, continued:
Prime Fixed Mortgage Backed Securities, continued:
$854,409   Verus Securitization Trust, Series 2020-1, Class A1, 2.42%, 1/25/60, Callable 11/25/22 @ 100*(a)(b)  $858,396 
         10,008,762 
Subprime Mortgage Backed Securities (1.7%)
 300,275   Towd Point Mortgage Trust, Series 2017-1, Class A1, 2.75%, 10/25/56, Callable 5/25/26 @ 100*(a)(b)   303,228 
 585,916   Towd Point Mortgage Trust, Series 2017-2, Class A1, 2.75%, 4/25/57, Callable 1/25/24 @ 100*(a)(b)   591,835 
 529,169   Towd Point Mortgage Trust, Series 2017-6, Class A1, 2.75%, 10/25/57, Callable 7/25/25 @ 100*(a)(b)   537,738 
         1,432,801 
U.S. Government Agency Mortgage Backed Securities (15.0%)
 216,279   Fannie Mae, Series 2013-68, Class 10A1, 1.00%, 3/25/42   210,135 
 13,195   Fannie Mae, 1.70% (US0012M + 132 bps), 1/1/35, Pool #805386   13,629 
 824   Fannie Mae, 1.99% (H15T1Y + 192 bps), 12/1/22, Pool #303247   825 
 86,643   Fannie Mae, Series 2012-31, Class PA, 2.00%, 4/25/41   87,801 
 122,777   Fannie Mae, Series 2012-51, Class EB, 2.00%, 1/25/40   123,563 
 124,858   Fannie Mae, Series 2012-96, Class PD, 2.00%, 7/25/41   125,832 
 173,724   Fannie Mae, Series 2013-18, Class 10A1, 2.00%, 12/25/42   175,899 
 115,644   Fannie Mae, Series 2013-73, Class 10A1, 2.25%, 6/25/42   117,996 
 125,181   Fannie Mae, Series 2013-74, Class 10A1, 2.25%, 6/25/42(b)   128,826 
 1,311   Fannie Mae, 2.27% (H15T1Y + 216 bps), 6/1/32, Pool #725286   1,311 
 25,173   Fannie Mae, 2.29% (H15T1Y + 229 bps), 2/1/30, Pool #556998   25,060 
 82,581   Fannie Mae, Series 2011-118, Class 10A1, 3.00%, 11/25/41   86,909 
 201,067   Fannie Mae, Series 2014-1, Class AB, 3.00%, 6/25/43   206,811 
 729,461   Fannie Mae, Series 2018-83, Class LC, 3.00%, 11/25/48   756,607 
 1,672,214   Fannie Mae, Series 2003-W12, Class 3A, 3.70%, 3/25/43, Callable 12/25/21 @ 100*(b)   1,783,807 
 699,742   Fannie Mae, Series 2003-W14, Class 2A, 3.78%, 1/25/43, Callable 12/25/21 @ 100*(b)   730,327 
 512,141   Fannie Mae, Series 2003-W16, Class AF5, 4.40%, 11/25/33, Callable 12/25/21 @ 100*(b)(c)   568,096 
 5,196   Fannie Mae, Series 2001-W4, Class AF6, 5.11%, 1/25/32, Callable 12/25/21 @ 100*(b)(c)   5,545 
 2,222,380   Fannie Mae, Series 2004-W3, Class A7, 5.50%, 5/25/34, Callable 12/25/21 @ 100*   2,475,051 
 63   Fannie Mae, Series 1992-129, Class L, 6.00%, 7/25/22   63 
 7,138   Fannie Mae, Series 2001-W2, Class AF6, 6.09%, 10/25/31, Callable 12/25/21 @ 100*(b)(c)   7,592 
 7,763   Fannie Mae, Series 2001-W1, Class AF6, 6.40%, 7/25/31, Callable 12/25/21 @ 100*(b)(c)   9,518 

 

See notes to the schedule of portfolio investments.

- 4 -

 

 

Schedule of Portfolio Investments Limited Duration Fund
November 30, 2021 (Unaudited) Continued

 

Shares or
Principal
Amount
  Security Description  Value
 
Mortgage Backed Securities†, continued:
U.S. Government Agency Mortgage Backed Securities, continued:
$43   Fannie Mae, Series 1992-195, Class C, 7.50%, 10/25/22  $44 
 1,000   Fannie Mae, Series 1996-42, Class LL, 7.50%, 9/25/26   1,072 
 744,166   Fannie Mae Grantor Trust, Series 2003-T4, Class 2A5, 4.60%, 9/26/33, Callable 12/26/21 @ 100*(b)(c)   797,307 
 1,087,234   Fannie Mae REMIC Trust, Series 2004-W10, Class A6, 5.75%, 8/25/34, Callable 12/25/21 @ 100*   1,172,562 
 64,481   Freddie Mac, Series 4146, Class 10A1, 1.50%, 10/15/42   65,402 
 582,313   Freddie Mac, Series 4220, Class KC, 1.50%, 5/15/32   589,063 
 3,056   Freddie Mac, 1.67% (US0006M + 154 bps), 4/1/36, Pool #1N0148   3,172 
 125,913   Freddie Mac, Series 3982, Class MD, 2.00%, 5/15/39   128,182 
 163,857   Freddie Mac, Series 4019, Class GB, 2.00%, 12/15/41   167,061 
 54,865   Freddie Mac, Series 4030, Class DA, 2.00%, 2/15/41   55,161 
 410,369   Freddie Mac, Series 4272, Class YG, 2.00%, 11/15/26   416,129 
 70,647   Freddie Mac, Series 4039, Class ME, 2.00%, 12/15/40(b)   70,924 
 9,579   Freddie Mac, Series 3890, Class BA, 2.50%, 11/15/40   9,633 
 175,329   Freddie Mac, Series 3913, Class PC, 2.50%, 3/15/41   178,259 
 328,555   Freddie Mac, Series T-67, Class 1A1C, 3.00%, 3/25/36, Callable 12/25/21 @ 100*(b)   353,462 
 474,284   Freddie Mac, Series 4374, Class GA, 3.00%, 9/15/36   496,842 
 2,823   Freddie Mac, 4.00%, 9/1/33, Pool #N31025   3,008 
 153   Freddie Mac, Series 1474, Class E, 7.00%, 2/15/23, Callable 1/15/22 @ 100*   156 
 119   Freddie Mac, Series 1310, Class J, 8.00%, 6/15/22, Callable 1/15/22 @ 100*   120 
 115   Freddie Mac, Series 1312, Class I, 8.00%, 7/15/22, Callable 1/15/22 @ 100*   117 
 7,977   Government National Mortgage Assoc., 1.87% (H15T1Y + 150 bps), 5/20/34, Pool #80916   8,205 
 332,182   Government National Mortgage Assoc., Series 2013-69, 2.00%, 9/20/42   339,667 
 496   Government National Mortgage Assoc., 2.00% (H15T1Y + 150 bps), 1/20/23, Pool #8123   499 
 1,414   Government National Mortgage Assoc., 2.00% (H15T1Y + 150 bps), 1/20/25, Pool #8580   1,444 
 804   Government National Mortgage Assoc., 2.00% (H15T1Y + 150 bps), 3/20/26, Pool #8832   811 
 1,290   Government National Mortgage Assoc., 2.00% (H15T1Y + 150 bps), 3/20/29, Pool #80263   1,307 
 1,524   Government National Mortgage Assoc., 2.13% (H15T1Y + 150 bps), 12/20/27, Pool #80141   1,580 
 4,459   Government National Mortgage Assoc., 2.13% (H15T1Y + 150 bps), 11/20/29, Pool #876947   4,493 
 2,248   Government National Mortgage Assoc., 2.50% (H15T1Y + 150 bps), 1/20/25, Pool #8585   2,300 
 76   Government National Mortgage Assoc., 6.50%, 12/15/25, Pool #414856   84 

 

Shares or
Principal
Amount
  Security Description  Value
 
Mortgage Backed Securities†, continued:
U.S. Government Agency Mortgage Backed Securities, continued:
$41   Government National Mortgage Assoc., 7.00%, 4/20/24, Pool #1655  $43 
 25   Government National Mortgage Assoc., 7.00%, 11/20/26, Pool #2320   25 
 145   Government National Mortgage Assoc., 7.50%, 3/15/24, Pool #376439   147 
         12,509,484 
Total Mortgage Backed Securities (Cost $28,851,748)   28,788,668 
 
Corporate Bonds (19.3%)
Aerospace & Defense (1.3%)
 920,000   Boeing Co. (The), 7.95%, 8/15/24   1,081,375 
Banks (4.9%)
 1,450,000   Bank of America Corp., 3.55% (US0003M + 78 bps), 3/5/24, Callable 3/5/23 @ 100 *   1,498,079 
 1,500,000   Mizuho Financial Group, Inc., 2.95%, 2/28/22   1,509,391 
 1,000,000   Mizuho Financial Group, Inc., 3.55%, 3/5/23   1,035,606 
         4,043,076 
Capital Markets (1.3%)
 1,116,000   Goldman Sachs Group, Inc. (The), 1.30%, 11/15/24, Callable 11/15/22 @ 100, MTN *   1,115,237 
 2,000,000   Lehman Brothers Holdings, Inc., 6.00%, 7/19/12, MTN (d)   11,000 
         1,126,237 
IT Services (1.4%)
 1,206,000   Western Union Co. (The), 1.35%, 3/15/26, Callable 2/15/26 @ 100 *   1,180,771 
Oil, Gas & Consumable Fuels (6.6%)
 2,515,000   HollyFrontier Corp., 2.63%, 10/1/23   2,574,857 
 900,000   ONEOK, Inc., 2.20%, 9/15/25, Callable 8/15/25 @ 100 *   916,707 
 1,915,000   ONEOK, Inc., 2.75%, 9/1/24, Callable 8/1/24 @ 100 *   1,980,006 
         5,471,570 
Tobacco (3.8%)
 2,150,000   Altria Group, Inc., 4.40%, 2/14/26, Callable 12/14/25 @ 100 *   2,359,910 
 806,000   BAT Capital Corp., 3.22%, 9/6/26, Callable 7/6/26 @ 100 *   837,559 
         3,197,469 
Total Corporate Bonds (Cost $16,833,594)   16,100,498 
 
Taxable Municipal Bonds (1.7%)
Georgia (1.7%)
 1,285,000   State of Georgia, Build America Bonds, GO, Series H, 4.50%, 11/1/25   1,397,961 
Total Taxable Municipal Bonds (Cost $1,365,521)   1,397,961 
 
U.S. Government Agency Securities (2.6%)
Federal Farm Credit Banks
 1,000,000   1.23%, 9/10/29, Callable 12/15/21 @ 100 *   970,828 
Federal Home Loan Banks
 1,240,000   0.40%, 8/26/26, Callable 2/26/22 @ 100 *(b)   1,232,902 
Total U.S. Government Agency Securities (Cost $2,240,000)   2,203,730 
 
U.S. Treasury Obligations (9.4%)
U.S. Treasury Notes
 5,369,000   0.50%, 2/28/26   5,238,550 
 2,500,000   1.50%, 10/31/24   2,550,000 
Total U.S. Treasury Obligations (Cost $7,765,929)   7,788,550 

 

See notes to the schedule of portfolio investments.

- 5 -

 

 

Schedule of Portfolio Investments Limited Duration Fund
November 30, 2021 (Unaudited) Concluded

 

Shares or
Principal
Amount
  Security Description   Value
             
Investment in Affiliates (6.2%)        
  5,129,012    

Cavanal Hill Government Securities Money Market Fund, Select Shares, 0.01%(e)

  $ 5,129,012  
Total Investment in Affiliates (Cost $5,129,012)     5,129,012  
           
Total Investments (Cost $85,880,708) - 102.0%     85,007,291  
Liabilities in excess of other assets — (2.0)%     (1,681,303 )
Net Assets - 100.0%   $ 83,325,988  

 
(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 November 30, 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 November 30, 2021.
(d)Issuer has defaulted on the payment of interest.
(e)Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at November 30, 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.

 

12MTA 12 Month Treasury Average
GO General Obligation
H15T1Y 1 Year Treasury Constant Maturity Rate
LIBOR London Interbank Offered Rate
MTN Medium Term Note
REMIC Real Estate Mortgage Investment Conduits
US0001M 1 Month US Dollar LIBOR
US0003M 3 Month US Dollar LIBOR
US0006M 6 Month US Dollar LIBOR
US0012M 12 Month US Dollar LIBOR

 

See notes to the schedule of portfolio investments.

- 6 -

 

 

Schedule of Portfolio Investments Moderate Duration Fund
November 30, 2021 (Unaudited)

 

Shares or
Principal
Amount
  Security Description  Value
       
Asset Backed Securities (13.8%)
$220,513  

Bayview Opportunity Master Fund IVb Trust, Series 2017-SPL4, Class A, 3.50%, 1/28/55, Callable 12/28/21 @ 100*(a)(b)

  $223,648 
 355,333   CLI Funding VI LLC, Series 2020-3A, Class A, 2.07%, 10/18/45, Callable 11/18/22 @ 100*(b)   354,128 
 250,000   DB Master Finance LLC, Series 2021-1A, Class A2I, 2.05%, 11/20/51, Callable 5/20/24 @ 100*(b).   245,960 
 273,625   Domino's Pizza Master Issuer LLC, Series 2021-1A, Class A2I, 2.66%, 4/25/51, Callable 10/25/25 @ 100*(b)    274,728 
 280,000   Flexential Issuer, Series 2021-1A, Class A2, 3.25%, 11/27/51, Callable 11/25/25 @ 100*(b)   277,980 
 289,156   Longtrain Leasing III LLC, Series 2015-1A, Class A2, 4.06%, 1/15/45, Callable 1/15/25 @ 100*(b)   289,260 
 219,789   MVW LLC, Series 2019-2A, Class A, 2.22%, 10/20/38, Callable 4/20/25 @ 100*(b)   222,887 
 250,000   Sabey Data Center Issuer LLC, Series 2020-1, Class A2, 3.81%, 4/20/45, Callable 11/20/23 @ 100*(b)   261,247 
 252,633   Textainer Marine Containers VII, Ltd., Series 2A, Class A, 2.23%, 4/20/46, Callable 4/20/23 @ 100*(b)   252,621 
 300,000   Vantage Data Centers LLC, Series 2020-1A, Class A2, 1.65%, 9/15/45, Callable 9/15/23 @ 100*(b)   294,097 
 267,158   VR Funding LLC, Series 2020-1A, Class A, 2.79%, 11/15/50, Callable 11/15/23 @ 100*(b)   265,792 
 233,125   Wendy's Funding LLC, Series 2019-1A, Class A2I, 3.78%, 6/15/49, Callable 3/15/24 @ 100*(b)   242,408 
 152,704   Willis Engine Structured Trust VI, Series 2021-A, Class A, 3.10%, 5/15/46, Callable 5/15/29 @ 100*(b)   152,012 
Total Asset Backed Securities (Cost $3,369,813)   3,356,768 
       
Mortgage Backed Securities† (15.5%)
Alt-A - Adjustable Rate Mortgage Backed Securities (0.2%)
 40,278   Bear Stearns Alternative-A Trust, Series 2005-7, Class 11A1, 0.63% (US0001M + 54 bps), 8/25/35, Callable 12/25/21 @ 100*   40,398 
Alt-A - Fixed Rate Mortgage Backed Securities (1.7%)
 50,154   Chaseflex Trust, Series 2005-2, Class 1A1, 6.00%, 6/25/35, Callable 12/25/21 @ 100*..   43,267 
 3,049   Countrywide Alternative Loan Trust, Series 2005- 3CB, Class 1A4, 5.25%, 3/25/35, Callable 12/25/21 @ 100*   3,006 
 9,529   Countrywide Alternative Loan Trust, Series 2004- 5CB, Class 1A1, 6.00%, 5/25/34, Callable 12/25/21 @ 100*   9,901 
 66,944   Countrywide Alternative Loan Trust, Series 2006-J8, Class A2, 6.00%, 2/25/37, Callable 2/25/22 @ 100*   41,752 
 45,943   Deutsche Alternative-A Securities, Inc. Mortgage Loan Trust, Series 2006-AB2, Class A3, 4.92%, 6/25/36, Callable 12/25/21 @ 100*(a)   45,914 

 

Shares or
Principal
Amount
  Security Description  Value
       
Mortgage Backed Securities†, continued:
Alt-A - Fixed Rate Mortgage Backed Securities, continued:
$8,521   Master Alternative Loans Trust, Series 2004-1, Class 4A1, 5.50%, 2/25/34, Callable 12/25/21 @ 100*  $8,902 
 3,768   Master Alternative Loans Trust, Series 2004-13, Class 12A1, 5.50%, 12/25/19, Callable 12/25/21 @ 100*   3,616 
 10,536   Master Alternative Loans Trust, Series 2004-4, Class 1A1, 5.50%, 5/25/34, Callable 12/25/21 @ 100*   10,940 
 152   Master Alternative Loans Trust, Series 2005-1, Class 5A1, 5.50%, 1/25/20, Callable 5/25/24 @ 100*   151 
 15,126   Master Alternative Loans Trust, Series 2004-6, Class 7A1, 6.00%, 7/25/34, Callable 12/25/21 @ 100*   16,117 
 6,985   Master Alternative Loans Trust, Series 2003-7, Class 6A1, 6.50%, 12/25/33, Callable 12/25/21 @ 100*   7,507 
 14,089   Master Alternative Loans Trust, Series 2004-4, Class 8A1, 6.50%, 5/25/34, Callable 12/25/21 @ 100*   14,810 
 25,109   Master Alternative Loans Trust, Series 2004-6, Class 6A1, 6.50%, 7/25/34, Callable 12/25/21 @ 100*   26,960 
 698   Nomura Asset Acceptance Corp., Series 2005- WF1, Class 2A5, 5.66%, 3/25/35, Callable 12/25/21 @ 100*(a)(c)   711 
 84,165   Nomura Asset Acceptance Corp., Series 2006- AF1, Class 1A2, 6.16%, 5/25/36, Callable 12/25/21 @ 100*(a)   26,573 
 35,995   Ocwen Residential MBS Corp., Series 1998-R1, Class B1, 3.33%, 10/25/40, Callable 12/25/21 @ 100*(a)(b)   27,180 
 2   Residential Accredit Loans, Inc., Series 2003- QS18, Class A1, 5.00%, 9/25/18, Callable 12/25/21 @ 100*   2 
 1,534   Residential Accredit Loans, Inc., Series 2006- QS18, Class 3A3, 5.75%, 12/25/21, Callable 12/25/21 @ 100*   1,485 
 22,724   Residential Accredit Loans, Inc., Series 2006- QS12, Class 1A2, 6.50%, 9/25/36, Callable 12/25/21 @ 100*   14,697 
 38,269   Residential Asset Securitization Trust, Series 2005-A14, Class A5, 5.50%, 12/25/35, Callable 5/25/22 @ 100*    26,969 
 41,709   Residential Asset Securitization Trust, Series 2006-A8, Class 1A1, 6.00%, 8/25/36, Callable 1/25/22 @ 100*   35,600 
 41,005   Washington Mutual Mortgage Pass-Through Certificates, Series 2005-6, Class 1CB, 6.50%, 8/25/35, Callable 12/25/21 @ 100*   40,824 
        406,884 
Prime Adjustable Rate Mortgage Backed Securities (3.1%)
 5,656   Bank of America Funding Corp., Series 2004-B, Class 5A1, 2.61%, 11/20/34, Callable 12/20/21 @ 100*(a)   5,732 
 4,102   Bear Stearns Mortgage Trust, Series 2004-9, Class 12A3, 2.58%, 11/25/34, Callable 12/25/21 @ 100*(a)   4,381 

 

See notes to the schedule of portfolio investments.

- 7 -

 

 

Schedule of Portfolio Investments Moderate Duration Fund
November 30, 2021 (Unaudited) Continued

 

Shares or
Principal
Amount
  Security Description  Value
       
Mortgage Backed Securities†, continued:
Prime Adjustable Rate Mortgage Backed Securities, continued:
$1,634   Bear Stearns Mortgage Trust, Series 2003-7, Class 4A, 2.66%, 10/25/33, Callable 12/25/21 @ 100*(a)  $1,758 
 464   Countrywide Home Loans, Series 2004-12, Class 10A1, 2.76%, 8/25/34, Callable 12/25/21 @ 100*(a)   465 
 10,614   Countrywide Home Loans, Series 2004-2, Class 2A1, 2.76%, 2/25/34, Callable 12/25/21 @ 100*(a)   10,234 
 10,099   HomeBanc Mortgage Trust, Series 2006-1, Class 1A1, 2.33%, 4/25/37, Callable 12/25/21 @ 100*(a)   9,183 
 18,884   JPMorgan Mortgage Trust, Series 2005-A1, Class 3A4, 2.59%, 2/25/35, Callable 12/25/21 @ 100*(a)   18,710 
 3,242   JPMorgan Mortgage Trust, Series 2006-A2, Class 2A1, 2.78% (US0003M + 101 bps), 4/25/36, Callable 12/25/21 @ 100*   3,172 
 193,920   JPMorgan Mortgage Trust, Series 2005-A6, Class 3A3, 3.18%, 9/25/35, Callable 12/25/21 @ 100*(a)   198,449 
 16,171   JPMorgan Mortgage Trust, Series 2006-A6, Class 1A4L, 3.23%, 10/25/36, Callable 12/25/21 @ 100*(a)   13,665 
 218,651   LSTAR Securities Investment, Ltd., Series 2019-4, Class A1, 2.58% (US0001M + 150 bps), 5/1/24(b)   217,536 
 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)   99,835 
 167,251   WinWater Mortgage Loan Trust, Series 2014-1, Class A1, 3.88%, 6/20/44, Callable 1/20/22 @ 100*(a)(b)   167,365 
        750,485 
Prime Fixed Mortgage Backed Securities (4.2%)
 3,026   American Home Mortgage Investment Trust, Series 2005-2, Class 5A1, 5.56%, 9/25/35, Callable 12/25/21 @ 100*(a)(c)   2,893 
 170,082   Angel Oak Mortgage Trust, Series 2019-5, Class A1, 2.59%, 10/25/49, Callable 12/25/21 @ 100*(a)(b)   169,796 
 13,118   Chase Mortgage Finance Corp., Series 2007-S2, Class 2A1, 5.50%, 3/25/37, Callable 12/25/21 @ 100*   8,322 
 5,659   Citigroup Mortgage Loan Trust, Inc., Series 2005- 1, Class 3A1, 6.50%, 4/25/35   6,026 
 7,378   Citigroup Mortgage Loan Trust, Inc., Series 2004- NCM1, Class 1A3, 6.75%, 7/25/34, Callable 12/25/21 @ 100*   7,757 
 2,970   Countrywide Alternative Loan Trust, Series 2003- J3, Class 2A1, 6.25%, 12/25/33, Callable 12/25/21 @ 100*   3,064 
 1,004   Countrywide Home Loans, Series 2004-J6, Class 1A2, 5.25%, 8/25/24, Callable 12/25/21 @ 100*.    1,007 
 6,912   Countrywide Home Loans, Series 2005-29, Class A1, 5.75%, 12/25/35, Callable 12/25/21 @ 100*   4,945 
 4,023   Credit Suisse First Boston Mortgage Securities Corp., Series 2004-1, Class 4A1, 5.00%, 12/31/99, Callable 12/25/21 @ 100*   4,106 

 

Shares or
Principal
Amount
  Security Description  Value
       
Mortgage Backed Securities†, continued:
Prime Fixed Mortgage Backed Securities, continued:
$10,627   Credit Suisse First Boston Mortgage Securities Corp., Series 2003-27, Class 8A1, 6.00%, 11/25/33, Callable 12/25/21 @ 100*  $11,020 
 20   Credit Suisse First Boston Mortgage Securities Corp., Series 2003-8, Class 5A1, 6.50%, 4/25/33, Callable 12/25/21 @ 100*   21 
 240,120   Flagstar Mortgage Trust, Series 2021-4, Class A5, 2.50%, 6/1/51, Callable 10/25/42 @ 100*(a)(b)   243,103 
 29,423   Galton Funding Mortgage Trust, Series 2017-1, Class A21, 3.50%, 7/25/56, Callable 2/25/23 @ 100*(a)(b)   29,691 
 161,531   GS Mortgage-Backed Securities Corp. Trust, Series 2020-PJ3, Class A14, 3.00%, 10/25/50, Callable 8/25/23 @ 100*(a)(b)   162,780 
 157,586   GSR Mortgage Loan Trust, Series 2004-13F, Class 2A1, 4.25%, 11/25/34, Callable 12/25/21 @ 100*   162,470 
 104   GSR Mortgage Loan Trust, Series 2004-10F, Class 2A4, 5.00%, 8/25/19, Callable 12/25/21 @ 100*   104 
 615   GSR Mortgage Loan Trust, Series 2003-2F, Class 3A1, 6.00%, 3/25/32, Callable 12/25/21 @ 100*   662 
 1,388   Prime Mortgage Trust, Series 2004-CL1, Class 1A1, 6.00%, 2/25/34, Callable 12/25/21 @ 100*   1,444 
 29,804   Residential Asset Mortgage Products, Inc., Series 2005-SL2, Class A3, 7.00%, 2/25/32, Callable 5/25/30 @ 100*   27,236 
 8,912   Structured Asset Mortgage Investments, Inc., Series 1999-2, Class 3A, 6.75%, 5/25/29, Callable 12/25/21 @ 100*   9,346 
 62   Structured Asset Securities Corp., Series 1997-2, Class 2A4, 7.25%, 3/28/30, Callable 12/28/21 @ 100*   65 
 803   Washington Mutual Mortgage Pass-Through Certificates, Series 2003-S11, Class 1A, 5.00%, 11/25/33, Callable 12/25/21 @ 100*   833 
 458   Washington Mutual Mortgage Pass-Through Certificates, Series 2004-RA1, Class 2A, 7.00%, 3/25/34, Callable 6/25/27 @ 100*   489 
 174,129   Wells Fargo Mortgage Backed Securities Trust, Series 2021-2, Class A3, 2.50%, 6/25/51, Callable 12/25/37 @ 100*(a)   176,292 
        1,033,472 
Subprime Mortgage Backed Securities (0.7%)
 53,075   Towd Point Mortgage Trust, Series 2018-1, Class A1, 3.00%, 1/25/58, Callable 8/25/24 @ 100*(a)(b)   53,835 
 128,516   Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25%, 3/25/58, Callable 11/25/25 @ 100*(a)(b)   131,744 
        185,579 
U.S. Government Agency Mortgage Backed Securities (5.6%)
 20   Fannie Mae, Series 1992-45, Class F, 1.49% (T7Y ), 4/25/22   20 
 1,475   Fannie Mae, 1.88% (US0012M + 162 bps), 9/1/33, Pool #739372   1,485 
 129,151   Fannie Mae, Series 2012-30, Class BA, 2.00%, 6/25/41   131,972 

 

See notes to the schedule of portfolio investments.

- 8 -

 

 

Schedule of Portfolio Investments Moderate Duration Fund
November 30, 2021 (Unaudited) Continued

 

Shares or
Principal
Amount
  Security Description  Value
       
Mortgage Backed Securities†, continued:
U.S. Government Agency Mortgage Backed Securities, continued:
$30,285   Fannie Mae, Series 2012-8, Class KA, 2.00%, 6/25/41  $30,521 
 1,815   Fannie Mae, 2.23% (US0012M + 186 bps), 1/1/37, Pool #906675   1,816 
 50,072   Fannie Mae, Series 2013-74, Class 10A1, 2.25%, 6/25/42(a)    51,531 
 76,906   Fannie Mae, Series 2010-100, Class LA, 2.50%, 7/25/40   79,518 
 72,155   Fannie Mae, Series 2014-61, Class P, 2.50%, 7/25/44   74,365 
 45,190   Fannie Mae, Series 2015-12, Class PC, 2.50%, 7/25/44   45,692 
    Fannie Mae, Series 2011-118, Class 10A1, 3.00%, 11/25/41    
 136,604   Fannie Mae, Series 2015-59, Class LM, 3.00%, 7/25/45   142,189 
 217,314   Fannie Mae, Series 2018-M12, Class A1, 3.55%, 2/25/30   237,627 
 102   Fannie Mae, 6.00%, 4/1/35, Pool #735503   116 
 682   Fannie Mae, Series 2001-55, Class PC, 6.50%, 10/25/31   776 
 9,824   Fannie Mae, Series 2003-W2, Class 1A2, 7.00%, 7/25/42, Callable 12/25/21 @ 100*   11,595 
 366   Fannie Mae, Series 2002-T1, Class A3, 7.50%, 11/25/31, Callable 12/25/21 @ 100*   421 
 54   Fannie Mae, Series 1992-31, Class M, 7.75%, 3/25/22   54 
 2   Freddie Mac, Series 1222, Class P, 1.19% (T10Y - 40 bps), 3/15/22, Callable 1/15/22 @ 100*   2 
 81,490   Freddie Mac, Series 4220, Class KC, 1.50%, 5/15/32   82,434 
 54,332   Freddie Mac, Series 4076, Class QC, 2.00%, 11/15/41   54,991 
 62,679   Freddie Mac, Series 4461, Class EA, 2.00%, 7/15/37   63,717 
 215,860   Freddie Mac, Series 3908, Class B, 2.50%, 6/15/39   223,000 
 15,473   Freddie Mac, Series 4332, Class NH, 3.00%, 9/15/43   15,653 
 9,328   Freddie Mac, 5.37% (H15T1Y + 228 bps), 8/1/34, Pool #755230   9,332 
 257   Freddie Mac, Series 1379, Class H, 7.00%, 10/15/22, Callable 1/15/22 @ 100*   262 
 507   Freddie Mac, Series 1714, Class K, 7.00%, 4/15/24, Callable 1/15/22 @ 100*   533 
 822   Freddie Mac, Series 1904, Class D, 7.50%, 10/15/26, Callable 1/15/22 @ 100*   909 
 80   Freddie Mac, Series 1281, Class I, 8.00%, 5/15/22, Callable 1/15/22 @ 100*   81 
 281   Freddie Mac, Series 1310, Class J, 8.00%, 6/15/22, Callable 1/15/22 @ 100*   284 
 71,182   Government National Mortgage Assoc., Series 2013-69, 2.00%, 9/20/42   72,786 
 570   Government National Mortgage Assoc., Series 2010-98, Class CH, 3.00%, 10/20/39   569 
 17,209   Government National Mortgage Assoc., Series 2010-98, Class MG, 3.00%, 8/20/39   17,466 
 4,077   Government National Mortgage Assoc., 7.00%, 3/15/26, Pool #419128   4,093 
 47   Government National Mortgage Assoc., 7.00%, 3/20/27, Pool #2394   51 

 

Shares or
Principal
Amount
  Security Description  Value
       
Mortgage Backed Securities†, continued:
U.S. Government Agency Mortgage Backed Securities, continued:
$186   Government National Mortgage Assoc., 8.00%, 10/20/24, Pool #1884  $196 
 35   Government National Mortgage Assoc., 8.00%, 2/20/26, Pool #2171   37 
 13   Government National Mortgage Assoc., 8.00%, 3/20/26, Pool #2187   13 
 879   Government National Mortgage Assoc., 8.00%, 4/20/26, Pool #2205   941 
 2,804   Government National Mortgage Assoc., 8.00%, 5/20/26, Pool #2219   3,032 
        1,360,080 
Total Mortgage Backed Securities (Cost $3,785,878)   3,776,898 
      
Corporate Bonds (29.3%)
Aerospace & Defense (1.9%)
 450,000   Boeing Co. (The), 3.25%, 2/1/28, Callable 12/1/27 @ 100 *   467,377 
Airlines (1.1%)
 234,858   United Airlines Pass Through Trust, Series 2020- 1, Class A, 5.88%, 4/15/29    256,616 
Banks (3.2%)
 510,000   Bank of America Corp., 3.55% (US0003M + 78 bps), 3/5/24, Callable 3/5/23 @ 100 *   526,911 
 250,000   Wells Fargo & Co., 2.88%, 10/30/30, Callable 10/30/29 @ 100, MTN *(a)   259,306 
        786,217 
Capital Markets (1.3%)
 290,000   Goldman Sachs Group, Inc., 3.50%, 11/16/26, Callable 11/16/25 @ 100 *   309,343 
Diversified Financial Services (1.3%)
 300,000   National Rural Utilities Cooperative Finance Corp., 3.25%, 11/1/25, Callable 8/1/25 @ 100 *   318,779 
Electric Utilities (1.2%)
 275,000   Entergy Mississippi LLC, 3.25%, 12/1/27, Callable 9/1/27 @ 100 *   292,561 
Entertainment (2.2%)
 215,000   The Walt Disney Co., 2.00%, 9/1/29, Callable 6/1/29 @ 100 *   214,646 
 300,000   Walt Disney Co. (The), 3.35%, 3/24/25   318,801 
        533,447 
Equity Real Estate Investment Trusts (0.4%)
 106,310   JBG/Rockville NCI Campus LLC, Series 2010-A, 3.90%, 7/15/23 (b)   107,432 
Food Products (1.3%)
 300,000   Mars, Inc., 3.20%, 4/1/30, Callable 1/1/30 @ 100 *(b)   321,935 
Health Care Providers & Services (2.6%)
 225,000   Ascension Health, Series B, 2.53%, 11/15/29, Callable 8/15/29 @ 100 *   234,851 
 370,000   Sutter Health, 3.70%, 8/15/28, Callable 5/15/28 @ 100 *   408,535 
        643,386 
Hotels, Restaurants & Leisure (1.9%)
 425,000   Hyatt Hotels Corp., 4.38%, 9/15/28, Callable 6/15/28 @ 100 *   460,083 
Household Durables (1.8%)
 400,000   Harman International Industries, Inc., 4.15%, 5/15/25, Callable 2/15/25 @ 100 *   433,186 
Insurance (1.3%)
 300,000   Jackson National Life Global Funding, 2.65%, 6/21/24 (b)   310,927 

See notes to the schedule of portfolio investments.

- 9 -

 

 

Schedule of Portfolio Investments Moderate Duration Fund
November 30, 2021 (Unaudited) Continued

Shares or
Principal
Amount
  Security Description  Value
       
Corporate Bonds, continued:
Internet & Direct Marketing Retail (1.5%)
$335,000   Expedia Group, Inc., 3.80%, 2/15/28, Callable 11/15/27 @ 100 *  $360,633 
Multiline Retail (1.0%)
 235,000   Target Corp., 2.25%, 4/15/25, Callable 3/15/25 @ 100 *   242,390 
Oil, Gas & Consumable Fuels (1.6%)
 380,000   HollyFrontier Corp., 2.63%, 10/1/23    389,044 
Semiconductors & Semiconductor Equipment (2.1%)
 24,000   Broadcom, Inc., 3.19%, 11/15/36, Callable 8/15/36 @ 100 *(b)   23,705 
 451,000   Broadcom, Inc., 4.15%, 11/15/30, Callable 8/15/30 @ 100 *   493,804 
        517,509 
Technology Hardware, Storage & Peripherals (1.6%)
 350,000   Apple, Inc., 3.20%, 5/11/27, Callable 2/11/27 @ 100 *   376,675 
Total Corporate Bonds (Cost $7,078,428).   7,127,540 
      
Taxable Municipal Bonds (18.1%)
Alabama (1.3%)
 300,000   The Water Works Board City of Birmingham Revenue, 2.60%, 1/1/27   318,389 
Arizona (1.0%)
 250,000   City of Glendale Arizona, Certificate participation, 0.90%, 7/1/24   249,142 
California (2.6%)
 600,000   Riverside Unified School District, GO, 2.27%, 2/1/25   622,316 
Colorado (1.2%)
 150,000   Colorado Housing and Finance Authority Revenue, Series I-1, Class I, 0.86%, 11/1/23, GNMA: GOV. NATL MTGE ASSOCIATION   149,855 
 150,000   Colorado Housing and Finance Authority Revenue, Series I-1, Class I, 1.11%, 5/1/25, GNMA: GOV. NATL MTGE ASSOCIATION   148,498 
        298,353 
New York (2.6%)
 300,000   New York City Housing Development Corp. Revenue, Series L, 2.84%, 11/1/28, Continuously Callable @100   312,663 
 300,000   New York City Transitional Finance Authority Revenue, 2.63%, 11/1/29   316,557 
        629,220 
Rhode Island (1.8%)
 400,000   Rhode Island Convention Center Authority Revenue, 3.15%, 5/15/25   423,013 
Texas (3.3%)
 500,000   Austin Community College District Revenue, 0.93%, 2/1/25   495,050 
 300,000   Midland County Fresh Water Supply District No. 1 Revenue, 2.37%, 9/15/26   312,495 
        807,545 
Utah (1.3%)
 300,000   Utah Transit Authority Revenue, 2.04%, 12/15/31, Continuously Callable @100   300,800 
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   275,363 
           
Shares or
Principal
Amount
  Security Description  Value
         
Taxable Municipal Bonds, continued:
Washington (1.2%)
$ 300,000    Pierce County School District No. 10 Tacoma, GO, 0.53%, 12/1/23, SCH BD GTY  $299,459 
Wisconsin (0.7%)
165,000    Public Financial Authority Wisconsin Revenue, 4.45%, 10/1/25, Insured by: AGC   170,287 
Total Taxable Municipal Bonds (Cost $4,298,987)   4,393,887 
      
U.S. Government Agency Securities (1.0%)
Federal Home Loan Banks
250,000    0.63%, 8/16/28, Callable 2/16/22 @ 100 *(a)   246,715 
Total U.S. Government Agency Securities (Cost $250,000)   246,715 
      
U.S. Treasury Obligations (17.2%)
U.S. Treasury Notes
775,000    1.25%, 8/15/31    762,527 
2,193,000    2.00%, 4/30/24    2,262,902 
1,082,000    2.25%, 2/15/27    1,140,496 
Total U.S. Treasury Obligations (Cost $4,187,108)   4,165,925 
      
Investment in Affiliates (5.8%)
1,408,322    Cavanal Hill Government Securities Money Market Fund, Select Shares, 0.01%(d)   1,408,322 
Total Investment in Affiliates (Cost $1,408,322)   1,408,322 
      
Total Investments (Cost $24,378,536) - 100.7%   24,476,055 
Liabilities in excess of other assets — (0.7)%   (175,497)
Net Assets - 100.0%  $24,300,558 

See notes to the schedule of portfolio investments.

- 10 -

 

 

Schedule of Portfolio Investments Moderate Duration Fund
November 30, 2021 (Unaudited) Concluded

  

 

(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 November 30, 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 November 30, 2021.
(d) Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at November 30, 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.

 

Amounts shown as “—” are either 0 or round to less than 1.

 

AGC Assured Guaranty Corporation
GNMA Government National Mortgage Association
GO General Obligation
H15T1Y 1 Year Treasury Constant Maturity Rate
LIBOR London Interbank Offered Rate
MTN Medium Term Note
SCH BD GTY School Board Guaranty
T10Y 10 Year Treasury Constant Maturity Rate
T7Y 7 Year Treasury Constant Maturity Rate
US0001M 1 Month US Dollar LIBOR
US0003M 3 Month US Dollar LIBOR
US0012M 12 Month US Dollar LIBOR

 

See notes to the schedule of portfolio investments.

- 11 -

 

 

Schedule of Portfolio Investments Bond Fund
November 30, 2021 (Unaudited)

 
Shares or
Principal
Amount
   Security Description  Value 
      
Asset Backed Securities (15.3%)     
$825,000   Aligned Data Centers Issuer LLC, Series 2021-1A, Class A2, 1.94%, 8/15/46, Callable 8/15/24 @ 100*(a)  $817,673 
 543,142   Bayview Opportunity Master Fund IVb Trust, Series 2017-SPL4, Class A, 3.50%, 1/28/55, Callable 12/28/21 @ 100*(a)(b)   550,864 
 19,572   Bear Stearns Asset Backed Securities, Inc., Series 2003-AC7, Class A1, 5.50%, 1/25/34, Callable 12/25/21 @ 100*(b)(c)   19,971 
 553,039   BRE Grand Islander Timeshare Issuer LLC, Series 2019-A, Class B, 3.78%, 9/26/33, Callable 11/25/26 @ 100*(a)   569,467 
 1,100,000   CoreVest American Finance Trust, Series 2021-2, Class B, 2.38%, 7/15/54, Callable 6/15/31 @ 100*(a)   1,073,626 
 1,000,000   DB Master Finance LLC, Series 2021-1A, Class A2I, 2.05%, 11/20/51, Callable 5/20/24 @ 100*(a)   983,840 
 1,115,000   Flexential Issuer, Series 2021-1A, Class A2, 3.25%, 11/27/51, Callable 11/25/25 @ 100*(a)   1,106,956 
 1,000,610   Horizon Aircraft Finance III, Ltd., Series 2019-2, Class A, 3.43%, 11/15/39(a)   991,632 
 838,062   Longtrain Leasing III LLC, Series 2015-1A, Class A2, 4.06%, 1/15/45, Callable 1/15/25 @ 100*(a)   838,365 
 967,550   MVW LLC, Series 2019-2A, Class A, 2.22%, 10/20/38, Callable 4/20/25 @ 100*(a)   981,186 
 2   RAAC, Series 2004-SP1, Class AI4, 5.29%, 8/25/27, Callable 12/25/21 @ 100*(b)   2 
 415,000   Sabey Data Center Issuer LLC, Series 2020-1, Class A2, 3.81%, 4/20/45, Callable 11/20/23 @ 100*(a)   433,670 
 1,046,750   Sonic Capital LLC, Series 2020-1A, Class A2I, 3.85%, 1/20/50, Callable 1/20/24 @ 100*(a)   1,089,595 
 923,875   Stack Infrastructure Issuer LLC, Series 2019-1A, Class A2, 4.54%, 2/25/44, Callable 2/25/23 @ 100*(a)   960,107 
 26,838   Structured Asset Securities Corp., Series 2003-AL2, Class A, 3.36%, 1/25/31, Callable 12/25/21 @ 100*(a)   26,658 
 388,000   Taco Bell Funding LLC, Series 2018-1A, Class A2II, 4.94%, 11/25/48, Callable 11/25/25 @ 100*(a)   422,679 
 889,373   Textainer Marine Containers VIII, Ltd., Series 2A-A, Class A, 2.10%, 9/20/45, Callable 9/20/22 @ 100*(a)   889,053 
 982,187   TIF Funding II LLC, Series 2021-1A, Class A, 1.65%, 2/20/46, Callable 2/20/23 @ 100*(a)   953,237 
 943,333   Triton Container Finance VIII LLC, Series 2021- 1A, Class A, 1.86%, 3/20/46, Callable 4/20/23 @ 100*(a)   922,193 
 493,170   TRP-TRIP Rail Master Funding LLC, Series 2021- 2, Class A, 2.15%, 6/19/51, Callable 6/17/22 @ 100*(a)   490,875 
 208,634   UBS Commercial Mortgage Trust, Series 2018- C10, Class A1, 3.18%, 5/15/51, Callable 3/15/23 @ 100*   211,721 
 1,119,000   Wendy's Funding LLC, Series 2019-1A, Class A2I, 3.78%, 6/15/49, Callable 3/15/24 @ 100*(a)   1,163,560 

 

Shares or
Principal
Amount
   Security Description  Value 
      
Asset Backed Securities, continued:     
$ 669,929     Willis Engine Structured Trust VI, Series 2021-A, Class A, 3.10%, 5/15/46, Callable 5/15/29 @ 100*(a)   $ 666,892  
  528,675     ZAXBY'S Funding LLC, Series 2021-1A, Class A2, 3.24%, 7/30/51, Callable 7/30/25 @ 100*(a)     539,953  
Total Asset Backed Securities (Cost $16,824,686)     16,703,775  
 
Mortgage Backed Securities† (15.9%)
Alt-A - Adjustable Rate Mortgage Backed Securities (0.2%)
  129,942     Bear Stearns Alternative-A Trust, Series 2005-7, Class 11A1, 0.63% (US0001M + 54 bps), 8/25/35, Callable 12/25/21 @ 100*     130,326  
  59,095     Bear Stearns Alternative-A Trust, Series 2006-6, Class 32A1, 2.99%, 11/25/36, Callable 8/25/22 @ 100*(b)     38,109  
  4,880     JPMorgan Alternative Loan Trust, Series 2006-S4, Class A6, 6.21%, 12/25/36, Callable 12/25/21 @ 100*(b)(c)     4,960  
            173,395  
Alt-A - Fixed Rate Mortgage Backed Securities (1.4%)
  9,502     Bank of America Alternative Loan Trust, Series 2006-4, Class CB1, 6.50%, 5/25/46, Callable 12/25/21 @ 100*     9,441  
  30,093     Chaseflex Trust, Series 2005-2, Class 1A1, 6.00%, 6/25/35, Callable 12/25/21 @ 100*     25,961  
  21,918     Chaseflex Trust, Series 2007-1, Class 1A3, 6.50%, 2/25/37, Callable 12/25/21 @ 100*     11,595  
  48,743     Countrywide Alternative Loan Trust, Series 2005- 46CB, Class A3, 5.50%, 10/25/35, Callable 12/25/21 @ 100*     44,647  
  6,885     Countrywide Alternative Loan Trust, Series 2004- 22CB, Class 1A1, 6.00%, 10/25/34, Callable 12/25/21 @ 100*     7,133  
  23,391     Countrywide Alternative Loan Trust, Series 2006- 8T1, Class 1A4, 6.00%, 4/25/36, Callable 12/25/21 @ 100*     16,003  
  156,977     Countrywide Alternative Loan Trust, Series 2007- 9T1, Class 1A7, 6.00%, 5/25/37, Callable 12/25/21 @ 100*     102,771  
  180,032     Countrywide Alternative Loan Trust, Series 2006- 36T2, Class 2A4, 6.25%, 12/25/36, Callable 8/25/23 @ 100*     111,612  
  186     Master Alternative Loans Trust, Series 2003-8, Class 3A1, 5.50%, 12/25/33, Callable 12/25/21 @ 100*     185  
  1,492     Master Alternative Loans Trust, Series 2004-13, Class 8A1, 5.50%, 1/25/25, Callable 12/25/21 @ 100*     1,358  
  16,989     Master Alternative Loans Trust, Series 2005-3, Class 1A1, 5.50%, 4/25/35, Callable 3/25/25 @ 100*     16,971  
  41,528     Master Alternative Loans Trust, Series 2004-3, Class 3A1, 6.00%, 4/25/34, Callable 12/25/21 @ 100*     42,840  
  15,126     Master Alternative Loans Trust, Series 2004-6, Class 7A1, 6.00%, 7/25/34, Callable 12/25/21 @ 100*     16,117  
  16,292     Master Alternative Loans Trust, Series 2005-3, Class 7A1, 6.00%, 4/25/35, Callable 9/25/26 @ 100*     16,284  

 

See notes to the schedule of portfolio investments.

- 12 -

 

 

Schedule of Portfolio Investments Bond Fund
November 30, 2021 (Unaudited)

Continued

 

Shares or
Principal
Amount
    Security Description     Value  
               
Mortgage Backed Securities†, continued:        
Alt-A - Fixed Rate Mortgage Backed Securities, continued:        
$1,962   Master Alternative Loans Trust, Series 2003-7, Class 5A1, 6.25%, 11/25/33, Callable 12/25/21 @ 100*  $2,063 
 7,808   Master Alternative Loans Trust, Series 2004-3, Class 2A1, 6.25%, 4/25/34, Callable 12/25/21 @ 100*   8,163 
 963,115   Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C11, Class A3, 3.96%, 8/15/46, Callable 5/15/23 @ 100*   983,013 
 189,712   Residential Asset Securitization Trust, Series 2005-A9, Class A3, 5.50%, 7/25/35, Callable 12/25/21 @ 100*   150,791 
        1,566,948 
Prime Adjustable Rate Mortgage Backed Securities (4.4%)
 485,201   GS Mortgage-Backed Securities Trust, Series 2021-GR2, Class A6, 2.50%, 2/25/52, Callable 2/25/43 @ 100*(a)(b)   491,610 
 1,026,494   GS Mortgage-Backed Securities Trust, Series 2021-PJ7, Class A8, 2.50%, 1/25/52, Callable 4/25/40 @ 100*(a)(b)   1,039,245 
 129,926   JPMorgan Mortgage Trust, Series 2005-A6, Class 2A4, 2.54%, 8/25/35, Callable 12/25/21 @ 100*(b)   131,688 
 4,181   JPMorgan Mortgage Trust, Series 2006-A4, Class 3A1, 2.98%, 6/25/36, Callable 12/25/21 @ 100*(b)   3,417 
 1,041,195   LSTAR Securities Investment, Ltd., Series 2019-4, Class A1, 2.58% (US0001M + 150 bps), 5/1/24(a)   1,035,888 
 500,000   Mello Warehouse Securitization Trust, Series 2021-1, Class A, 0.79% (US0001M + 70 bps), 2/25/55, Callable 2/25/24 @ 100*(a)   497,542 
 150,000   Mello Warehouse Securitization Trust, Series 2021-1, Class 21-C, 1.19% (US0001M + 110 bps), 2/25/55, Callable 2/25/24 @ 100*(a)   149,566 
 270,000   Mello Warehouse Securitization Trust, Series 2020-2, Class C, 1.39% (US0001M + 130 bps), 11/25/53, Callable 12/25/23 @ 100*(a)   269,555 
 13,155   Merrill Lynch Mortgage Investors Trust, Series 2004-HB1, Class A3, 1.86%, 4/25/29, Callable 12/25/21 @ 100*(b)   12,859 
 1,100,000   Starwood Mortgage Residential Trust, Series 2021-5, Class A1, 1.92%, 9/25/66, Callable 10/25/24 @ 100*(b)   1,100,888 
 4,105   Structured Adjustable Rate Mortgage Loan Trust, Series 2006-5, Class 4A1, 2.71%, 6/25/36, Callable 12/25/21 @ 100*(b)   3,153 
        4,735,411 
Prime Fixed Mortgage Backed Securities (4.1%)
 470,854   Arroyo Mortgage Trust, Series 2019-3, Class A1, 2.96%, 10/25/48, Callable 7/25/22 @ 100*(a)(b)   473,496 
 2,843   Chase Mortgage Finance Corp., Series 2002-S4, Class A23, 6.25%, 3/25/32, Callable 12/25/21 @ 100*   2,349 
 115,286   Chaseflex Trust, Series 2006-2, Class A5, 4.44%, 9/25/36, Callable 12/25/21 @ 100*(b)   115,366 
 1,408,986   CIM Trust, Series 2021-J2, Class A4, 2.50%, 4/25/51, Callable 10/25/28 @ 100*(a)(b)   1,426,893 
 15,389   Citigroup Mortgage Loan Trust, Inc., Series 2005-1, Class 3A1, 6.50%, 4/25/35   16,387 

 

Shares or
Principal
Amount
    Security Description     Value  
               
Mortgage Backed Securities†, continued:        
Prime Fixed Mortgage Backed Securities, continued:        
$2,000   Countrywide Home Loans, Series 2004-8, Class 1A3, 5.50%, 7/25/34, Callable 12/25/21 @ 100*  $2,036 
 3,606   Countrywide Home Loans, Series 2004-18, Class A1, 6.00%, 10/25/34, Callable 12/25/21 @ 100*   3,751 
 3,419   Countrywide Home Loans, Series 2004-21, Class A10, 6.00%, 11/25/34, Callable 12/25/21 @ 100*   3,561 
 72,524   Countrywide Home Loans, Series 2007-J3, Class A10, 6.00%, 7/25/37, Callable 12/25/21 @ 100*   45,028 
 92,409   Credit Suisse First Boston Mortgage Securities Corp., Series 2005-9, Class 3A1, 6.00%, 10/25/35, Callable 12/25/21 @ 100*   41,856 
 109   First Nationwide Trust, Series 2001-3, Class 1A1, 6.75%, 8/21/31   114 
 1,338   GMAC Mortgage Corp. Loan Trust, Series 2003- GH2, Class A4, 5.50%, 10/25/33, Callable 12/25/21 @ 100*(b)(c)   1,376 
 15,327   JPMorgan Mortgage Trust, Series 2006-A2, Class 3A2, 2.59%, 4/25/36, Callable 12/25/21 @ 100*(b)   13,966 
 19,849   JPMorgan Mortgage Trust, Series 2004-S2, Class 4A5, 6.00%, 11/25/34, Callable 12/25/21 @ 100*   20,134 
 884,279   Mello Mortgage Capital Acceptance Trust, Series 2021-MTG2, Class A10, 2.50%, 6/1/51, Callable 7/25/37 @ 100*(a)(b)   896,507 
 4,042   Nomura Asset Acceptance Corp., Series 2003-A1, Class A2, 6.00%, 5/25/33, Callable 12/25/21 @ 100*   4,206 
 103,201   RAAC, Series 2004-SP2, Class A22, 6.00%, 1/25/32, Callable 12/25/21 @ 100*   102,669 
 36,777   TBW Mortgage Backed Pass-Through Certificates, Series 2006-2, Class 7A1, 7.00%, 7/25/36, Callable 12/25/21 @ 100*   7,652 
 188,147   Washington Mutual Mortgage Pass-Through Certificates, Series 2005-3, Class 1CB5, 5.50%, 5/25/35, Callable 12/25/21 @ 100*   190,598 
 5,033   Washington Mutual Mortgage Pass-Through Certificates, Series 2004-CB1, Class 4A, 6.00%, 6/25/34, Callable 12/25/21 @ 100*   5,285 
 41,112   Washington Mutual Mortgage Pass-Through Certificates, Series 2004-RA1, Class 2A, 7.00%, 3/25/34, Callable 6/25/27 @ 100*   43,948 
 773,906   Wells Fargo Mortgage Backed Securities Trust, Series 2021-2, Class A3, 2.50%, 6/25/51, Callable 12/25/37 @ 100*(a)(b)   783,519 
 125,429   Wells Fargo Mortgage Backed Securities Trust, Series 2019-3, Class A1, 3.50%, 7/25/49, Callable 8/25/22 @ 100*(a)(b)   126,378 
 134,937   WinWater Mortgage Loan Trust, Series 2015-1, Class A1, 3.50%, 1/20/45, Callable 12/20/21 @ 100*(a)(b)   136,537 
        4,463,612 
Subprime Mortgage Backed Securities (0.8%)
 322,793   Towd Point Mortgage Trust, Series 2017-6, Class A1, 2.75%, 10/25/57, Callable 7/25/25 @ 100*(a)(b)   328,020 

 

See notes to the schedule of portfolio investments.

- 13 -

 

 

Schedule of Portfolio Investments Bond Fund
November 30, 2021 (Unaudited)

Continued

 

Shares or
Principal
Amount
    Security Description     Value  
               
Mortgage Backed Securities†, continued:        
Subprime Mortgage Backed Securities, continued:        
$141,534   Towd Point Mortgage Trust, Series 2018-1, Class A1, 3.00%, 1/25/58, Callable 8/25/24 @ 100*(a)(b)  $143,560 
 364,130   Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25%, 3/25/58, Callable 11/25/25 @ 100*(a)(b)   373,276 
        844,856 
U.S. Government Agency Mortgage Backed Securities (5.0%)
 129,587   Fannie Mae, Series 2010-102, Class PE, 2.00%, 9/25/40   131,373 
 230,859   Fannie Mae, Series 2012-111, Class EC, 2.00%, 12/25/41   234,450 
 305,313   Fannie Mae, Series 2012-30, Class BA, 2.00%, 6/25/41   311,981 
 298,853   Fannie Mae, Series 2012-83, Class AH, 2.00%, 11/25/41   303,516 
 134,093   Fannie Mae, Series 2013-23, Class AB, 2.00%, 2/25/43   136,645 
 515,024   Fannie Mae, Series 2020-54, Class TA, 2.00%, 5/25/43   522,309 
 185,744   Fannie Mae, Series 2012-30, Class CB, 2.25%, 10/25/41   189,545 
 62,591   Fannie Mae, Series 2013-74, Class 10A1, 2.25%, 6/25/42(b)   64,414 
 9,621   Fannie Mae, 2.43% (H15T1Y + 231 bps), 12/1/27, Pool #422279   9,677 
 158,018   Fannie Mae, Series 2, Class JD, 2.50%, 2/25/50   159,728 
 128,513   Fannie Mae, Series 2010-100, Class LA, 2.50%, 7/25/40   132,880 
 198,746   Fannie Mae, Series 2012-111, Class QC, 2.50%, 5/25/42   203,900 
 54,116   Fannie Mae, Series 2014-61, Class P, 2.50%, 7/25/44   55,774 
    Fannie Mae, Series 2011-118, Class 10A1, 3.00%, 11/25/41    
 293,949   Fannie Mae, Series 2014-33, Class PE, 3.00%, 4/25/43   303,225 
 55,222   Fannie Mae, Series 2014-72, Class KA, 3.00%, 10/25/44   56,805 
 274,164   Fannie Mae, Series 2015-59, Class LM, 3.00%, 7/25/45   285,372 
 738,866   Fannie Mae, Series 2018-M12, Class A1, 3.55%, 2/25/30   807,931 
 143,975   Fannie Mae, Series 2018-M13, Class A1, 3.82%, 3/25/30(b)   154,957 
 17,475   Fannie Mae, Series 2012-16, Class K, 4.00%, 10/25/41   18,375 
 12,527   Fannie Mae, Series 2002-W11, Class AF5, 4.98%, 11/25/32, Callable 12/25/21 @ 100*(b)(c)   13,392 
 233   Fannie Mae, 5.00%, 8/1/33, Pool #730856   263 
 112   Fannie Mae, 5.00%, 7/1/35, Pool #832198   127 
 156   Fannie Mae, 5.50%, 2/1/33, Pool #683351   175 
 95   Fannie Mae, 5.50%, 9/1/34, Pool #725773   109 
 1,367   Fannie Mae, Series 1998-36, Class ZB, 6.00%, 7/18/28   1,507 
 1,173   Fannie Mae, Series 1993-82, Class H, 7.00%, 5/25/23   1,210 
 25,146   Fannie Mae Whole Loan, Series 2003-W6, Class 6A, 3.16%, 8/25/42, Callable 12/25/21 @ 100*(b)   26,109 

 

Shares or
Principal
Amount
    Security Description     Value  
               
Mortgage Backed Securities†, continued:        
U.S. Government Agency Mortgage Backed Securities, continued:        
$14,315   Freddie Mac, Series 3997, Class AE, 2.00%, 4/15/40  $14,346 
 98,314   Freddie Mac, Series 4019, Class GB, 2.00%, 12/15/41   100,237 
 104,465   Freddie Mac, Series 4461, Class EA, 2.00%, 7/15/37   106,195 
 2,309   Freddie Mac, 2.25% (H15T1Y + 213 bps), 4/1/24, Pool #409624   2,312 
 262,819   Freddie Mac, Series 3913, Class PC, 2.50%, 3/15/41   267,210 
 89,836   Freddie Mac, Series 4009, Class PK, 2.50%, 6/15/41, Callable 12/15/31 @ 100*   92,274 
 122,502   Freddie Mac, Series 3721, Class PE, 3.50%, 9/15/40   129,844 
 45,110   Freddie Mac, Series 3780, Class MK, 3.50%, 10/15/40   47,737 
 483   Freddie Mac, Series 2610, Class VB, 5.50%, 7/15/24   508 
 199   Freddie Mac, 6.00%, 7/1/35, Pool #A36085   222 
 1,142   Freddie Mac, Series 2148, Class ZA, 6.00%, 4/15/29   1,270 
 653   Freddie Mac, 6.50%, 2/1/36, Pool #G08113   747 
 8,018   Freddie Mac, Series 2036, Class PD, 6.50%, 3/15/28   8,943 
 85   Freddie Mac, Series 1281, Class I, 8.00%, 5/15/22, Callable 1/15/22 @ 100*   85 
 154,227   Government National Mortgage Assoc., Series 2013-69, 2.00%, 9/20/42   157,702 
 291,239   Government National Mortgage Assoc., Series 2009-94, Class KB, 3.00%, 9/16/39   304,640 
 106,804   Government National Mortgage Assoc., Series 2011-46, Class GJ, 3.25%, 1/16/41(b)   113,107 
    Government National Mortgage Assoc., Series 2019-85, Class MP, 3.50%, 6/20/49    
 16,409   Government National Mortgage Assoc., Series 2009-93, Class HG, 4.00%, 9/16/39   17,326 
 813   Government National Mortgage Assoc., 7.00%, 9/15/23, Pool #347688   822 
 3,253   Government National Mortgage Assoc., 7.00%, 7/15/29, Pool #490215   3,521 
 1,974   Government National Mortgage Assoc., 7.50%, 11/15/23, Pool #354701   2,041 
        5,496,838 
Total Mortgage Backed Securities (Cost $17,175,961)   17,281,060 
 
Corporate Bonds (34.4%)
Aerospace & Defense (1.4%)
 1,450,000   Boeing Co. (The), 3.25%, 2/1/28, Callable 12/1/27 @ 100 *   1,505,993 
Airlines (0.9%)
 944,852   United Airlines Pass Through Trust, Series 2020- 1, Class A, 5.88%, 4/15/29   1,032,385 
Banks (3.9%)
 1,940,000   Bank of America Corp., 3.55% (US0003M + 78 bps), 3/5/24, Callable 3/5/23 @ 100 *   2,004,326 
 1,100,000   JPMorgan Chase & Co., 2.52% (SOFR + 204 bps), 4/22/31, Callable 4/22/30 @ 100 *   1,110,296 
 1,100,000   Wells Fargo & Co., 3.07%, 4/30/41, Callable 4/30/40 @ 100 *(b)   1,131,954 
        4,246,576 

 

See notes to the schedule of portfolio investments.

- 14 -

 

 

Schedule of Portfolio Investments Bond Fund
November 30, 2021 (Unaudited)

Continued

 

Shares or
Principal
Amount
    Security Description     Value  
               
Corporate Bonds, continued:        
Beverages (0.8%)        
$800,000   PepsiCo, Inc., 2.75%, 3/19/30, Callable 12/19/29 @ 100 *  $843,960 
Capital Markets (2.2%)
 1,300,000   Goldman Sachs Group, Inc., 3.50%, 11/16/26, Callable 11/16/25 @ 100 *   1,386,711 
 1,000,000   LSEGA Financing PLC, 1.38%, 4/6/26, Callable 3/6/26 @ 100 *(a)   985,721 
        2,372,432 
Diversified Financial Services (0.8%)
 850,000   Korea Development Bank, 2.75%, 3/19/23   873,035 
Diversified Telecommunication Services (1.4%)
 1,520,000   AT&T, Inc., 3.50%, 9/15/53, Callable 3/15/53 @ 100 *   1,541,913 
Electric Utilities (1.0%)
 1,000,000   Entergy Mississippi LLC, 3.25%, 12/1/27, Callable 9/1/27 @ 100 *   1,063,860 
Entertainment (0.7%)
 715,000   The Walt Disney Co., 2.00%, 9/1/29, Callable 6/1/29 @ 100 *   713,823 
Equity Real Estate Investment Trusts (1.2%)
 159,465   JBG/Rockville NCI Campus LLC, Series 2010-A, 3.90%, 7/15/23 (a)   161,147 
 1,100,000   SBA Tower Trust, 1.88%, 7/15/50, Callable 1/15/25 @ 100 *(a)   1,104,574 
        1,265,721 
Food Products (2.2%)
 1,059,000   Conagra Brands, Inc., 4.60%, 11/1/25, Callable 9/1/25 @ 100 *   1,174,166 
 320,000   Mars, Inc., 0.88%, 7/16/26, Callable 6/16/26 @ 100 *(a)   310,445 
 825,000   Mars, Inc., 3.20%, 4/1/30, Callable 1/1/30 @ 100 *(a)   885,320 
        2,369,931 
Health Care Providers & Services (3.6%)
 1,000,000   Ascension Health, Series B, 2.53%, 11/15/29, Callable 8/15/29 @ 100 *   1,043,782 
 725,000   Montefiore Medical Center, 2.15%, 10/20/26, Callable 4/20/26 @ 100 *   747,331 
 1,050,000   Partners Healthcare Syst, Inc., Series 2020, 3.19%, 7/1/49, Callable 1/1/49 @ 100 *   1,155,477 
 890,000   Sutter Health, 3.70%, 8/15/28, Callable 5/15/28 @ 100 *   982,691 
        3,929,281 
Hotels, Restaurants & Leisure (2.8%)
 1,500,000   Hyatt Hotels Corp., 4.38%, 9/15/28, Callable 6/15/28 @ 100 *   1,623,822 
 345,000   Royal Caribbean Cruises, 5.25%, 11/15/22   348,019 
 1,000,000   Starbucks Corp., 3.75%, 12/1/47, Callable 6/1/47 @ 100 *   1,115,916 
        3,087,757 
Household Durables (0.6%)
 620,000   Harman International Industries, Inc., 4.15%, 5/15/25, Callable 2/15/25 @ 100 *   671,439 
Insurance (1.0%)
 1,100,000   Jackson National Life Global Funding, 2.65%, 6/21/24 (a)   1,140,064 
Internet & Direct Marketing Retail (1.0%)
 1,000,000   Expedia Group, Inc., 3.80%, 2/15/28, Callable 11/15/27 @ 100 *   1,076,518 

 

Shares or
Principal
Amount
    Security Description     Value  
               
Corporate Bonds, continued:        
IT Services (1.9%)        
$1,000,000   International Business Machines Corp., 3.50%, 5/15/29  $1,086,716 
 770,000   Western Union Co. (The), 6.20%, 11/17/36   963,597 
        2,050,313  
Multiline Retail (0.9%)
 1,000,000   Target Corp., 2.25%, 4/15/25, Callable 3/15/25 @ 100 *   1,031,448 
Oil, Gas & Consumable Fuels (1.8%)
 1,000,000   HollyFrontier Corp., 2.63%, 10/1/23   1,023,800 
 900,000   Marathon Oil Corp., 4.40%, 7/15/27, Callable 4/15/27 @ 100 *   985,182 
        2,008,982  
Semiconductors & Semiconductor Equipment (2.2%)
 97,000   Broadcom, Inc., 3.19%, 11/15/36, Callable 8/15/36 @ 100 *(a)   95,807 
 1,778,000   Broadcom, Inc., 4.15%, 11/15/30, Callable 8/15/30 @ 100 *   1,946,749 
 325,000   Intel Corp., 3.25%, 11/15/49, Callable 5/15/49 @ 100 *   347,787 
        2,390,343  
Specialty Retail (1.1%)
 1,000,000   Lowe's Cos., Inc., 4.50%, 4/15/30, Callable 1/15/30 @ 100 *   1,160,432 
Technology Hardware, Storage & Peripherals (1.0%)
 1,000,000   Apple, Inc., 3.20%, 5/11/27, Callable 2/11/27 @ 100 *   1,076,215 
Total Corporate Bonds (Cost $36,636,230)   37,452,421 
 
Taxable Municipal Bonds (14.9%)
Kentucky (0.7%)
 750,000   Lexington-Fayette Urban County Airport Board Corp. Revenue, 2.84%, 7/1/31   772,968 
Massachusetts (1.1%)
 1,150,000   Massachusetts State College Building Authority Revenue, Series C, 2.44%, 5/1/28, ST APPROP   1,204,964 
Michigan (1.4%)
 500,000   Michigan State Housing Development Authority Revenue, Series B, 2.72%, 10/1/35, Continuously Callable @100   511,173 
 1,000,000   Michigan State Housing Development Authority Revenue, Series B, 3.49%, 12/1/40, Continuously Callable @100   1,054,408 
        1,565,581  
New York (1.2%)
 1,260,000   New York City Transitional Finance Authority Revenue, Series F-3, 3.21%, 5/1/29, Continuously Callable @100   1,354,205 
Oklahoma (2.6%)
 500,000   Grand River Dam Authority Revenue, Series B, 4.55%, 6/1/39, Continuously Callable @100   539,463 
 450,000   The University of Oklahoma Revenue, Series C, 2.45%, 7/1/32, Continuously Callable @100   460,020 
 1,650,000   University of Oklahoma Health Sciences Center General Revenue, Series A, 3.87%, 7/1/32, Continuously Callable @100   1,845,071 
        2,844,554  
Oregon (0.9%)
 1,000,000   State of Oregon, GO, Series O, 1.70%, 8/1/32, Continuously Callable @100   984,018 

 

See notes to the schedule of portfolio investments.

- 15 -

 

 

Schedule of Portfolio Investments Bond Fund
November 30, 2021 (Unaudited) Concluded

  

Shares or
Principal
Amount
   Security Description  Value 
  
Taxable Municipal Bonds, continued: 
Pennsylvania (1.1%) 
$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  $1,244,436 
Texas (3.8%)
 1,000,000   Arlington Independent School District, GO, 5.00%, 2/15/26, PSF-GTD    1,157,008 
 1,000,000   Arlington Independent School District, GO, 5.00%, 2/15/27, PSF-GTD    1,184,779 
 675,000   Country of Galveston Texas, Build America Bonds, GO, 5.91%, 2/1/29    786,694 
 785,000   Texas Transportation Commission State Highway Fund Revenue, 5.18%, 4/1/30    958,253 
        4,086,734 
Washington (2.1%)
 1,200,000   County of King WA Sewer Revenue, Series B, 1.86%, 1/1/33, Continuously Callable @100   1,163,372 
 1,070,000   Pierce County School District No 10 Tacoma, GO, 1.90%, 12/1/33, SCH BD GTY    1,070,462 
        2,233,834 
Total Taxable Municipal Bonds (Cost $15,900,275)    16,291,294 

 

Shares or
Principal
Amount
   Security Description  Value 
  
Taxable Municipal Bonds, continued: 
Washington, continued: 
  
U.S. Government Agency Securities (1.9%) 
Federal Home Loan Banks 
$2,075,000   0.63%, 8/26/26, Callable 2/26/22 @ 100 *(b)  $2,053,412 
Total U.S. Government Agency Securities (Cost $2,075,000)   2,053,412 
   
U.S. Treasury Obligations (14.6%)
U.S. Treasury Bonds
 3,405,000   1.75%, 8/15/41    3,343,816 
U.S. Treasury Notes
 3,255,000   1.13%, 2/15/31    3,177,694 
 257,000   1.38%, 10/15/22    259,590 
 4,547,000   2.00%, 4/30/24    4,691,936 
 4,233,000   2.25%, 2/15/27    4,461,846 
        12,591,066 
Total U.S. Treasury Obligations (Cost $15,751,020)    15,934,882 
      
Investment in Affiliates (2.6%)
 2,822,431   Cavanal Hill Government Securities Money Market Fund, Select Shares, 0.01%(d)    2,822,431 
Total Investment in Affiliates (Cost $2,822,431)    2,822,431 
      
Total Investments (Cost $107,185,603) - 99.6%    108,539,275 
Other assets in excess of liabilities — 0.4%    392,259 
Net Assets - 100.0%   $108,931,534 

 

 

(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 November 30, 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 November 30, 2021.
(d) Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at November 30, 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.

 

Amounts shown as “—“ are either 0 or round to less than 1.
 
AGM Assured Guaranty Municipal Corporation
GO General Obligation
H15T1Y 1 Year Treasury Constant Maturity Rate
LIBOR London Interbank Offered Rate
PSF-GTD Public School Fund Guaranteed
SCH BD GTY School Board Guaranty
SOFR Secured Overnight Financing Rate
US0001M 1 Month US Dollar LIBOR
US0003M 3 Month US Dollar LIBOR

 

See notes to the schedule of portfolio investments.

- 16 -

 

 

Schedule of Portfolio Investments Strategic Enhanced Yield Fund
November 30, 2021 (Unaudited)  

 

Shares or
Principal
Amount
   Security Description  Value 
  
Asset Backed Securities (15.0%) 
$374,063   AB Issuer LLC, Series 2021-1, Class A2, 3.73%, 7/30/51, Callable 1/30/26 @ 100*(a)  $377,824 
 94,467   ABFC Trust, Series 2005-AQ1, Class A6, 4.51%, 1/25/35, Callable 12/25/21 @ 100*(b)(c)   97,382 
 600,000   Amur Equipment Finance Receivables LLC, Series 2021-1A, Class E, 4.13%, 3/20/28, Callable 1/20/25 @ 100*(d)    594,320 
 287,868   Bayview Commercial Asset Trust, Series 2004-3, Class A1, 0.64% (US0001M + 56 bps), 1/25/35, Callable 12/25/21 @ 100*(a)    286,366 
 6,289   Bayview Financial Mortgage Pass Trust, Series 2005-D, Class AF4, 5.50%, 12/28/35, Callable 12/28/21 @ 100*(b)    6,273 
 22,772   Bayview Opportunity Master Fund Trust, Series 2017-RT1, Class A1, 3.00%, 3/28/57, Callable 4/28/22 @ 100*(a)(b)    22,941 
 33,611   Bear Stearns Structured Products Trust, Series 2007-EMX1, Class A2, 1.39% (US0001M + 130 bps), 3/25/37, Callable 1/25/24 @ 100*(a)    33,602 
 20,498   Centex Home Equity Loan Trust, Series 2002-A, Class AF6, 5.54%, 1/25/32, Callable 12/25/21 @ 100*    20,853 
 57,863   Credit-Based Asset Servicing And Securitization LLC, Series 2005-RP2, Class M2, 2.49% (US0001M + 160 bps), 9/25/35, Callable 12/25/21 @ 100*(a)    58,873 
 98,857   Credit-Based Asset Servicing And Securitization LLC, Series 2007-SP1, Class A4, 4.77%, 12/25/37, Callable 12/25/21 @ 100*(a)(b)(c)   99,339 
 25,642   GSAA Home Equity Trust, Series 2005-1, Class M1, 5.79%, 11/25/34, Callable 12/25/21 @ 100*(b)(c)    25,994 
 178,755   GSAMP Trust, Series 2006-HE1, Class M1, 0.68% (US0001M + 39 bps), 1/25/36, Callable 12/25/21 @ 100*    178,857 
 27,616   MASTR Asset Backed Securities Trust, Series 2004-FRE1, Class M6, 2.19% (US0001M + 210 bps), 7/25/34, Callable 12/25/21 @ 100*   27,630 
 433,175   Morgan Stanley Dean Witter Capital I, Inc., Series 2003-NC3, Class M1, 1.44% (US0001M + 135 bps), 3/25/33, Callable 12/25/21 @ 100*   435,960 
 288,550   Neighborly Issuer LLC, Series 2021-1A, Class A2, 3.58%, 4/30/51, Callable 10/30/26 @ 100*(a)   291,801 
 408,155   NovaStar Mortgage Funding Trust, Series 2003-4, Class A1, 0.83% (US0001M + 74 bps), 2/25/34, Callable 12/25/21 @ 100*   404,640 
 21,562   Residential Asset Mortgage, Series 2004-RS12, Class MI1, 5.61%, 12/25/34, Callable 12/25/21 @ 100*(b)(c)    21,945 
 38,628   Residential Asset Securities Corp., Series 2004- KS8, Class MI1, 5.34%, 9/25/34, Callable 12/25/21 @ 100*(b)    39,348 
 54,627   Saxon Asset Securities Trust, Series 2007-1, Class A2C, 0.24% (US0001M + 15 bps), 1/25/47, Callable 1/25/27 @ 100*   54,334 
 Total Asset Backed Securities (Cost $3,051,860)    3,078,282 

 

 Shares or
Principal
Amount
   Security Description   Value  
 
Mortgage Backed Securities† (32.4%)
Alt-A - Fixed Rate Mortgage Backed Securities (4.0%)
$18,700   Bear Stearns Asset-Backed Securities Trust, Series 2004-AC3, Class A1, 5.25%, 6/25/34, Callable 12/25/21 @ 100*(b)(c)   $19,472 
 13,228   Countrywide Alternative Loan Trust, Series 2004-16CB, Class 1A1, 5.50%, 7/25/34, Callable 12/25/21 @ 100*    13,560 
 14,122   Countrywide Alternative Loan Trust, Series 2004-16CB, Class 3A1, 5.50%, 8/25/34, Callable 12/25/21 @ 100*    14,466 
 93,163   Countrywide Alternative Loan Trust, Series 2003-22CB, Class 1A1, 5.75%, 12/25/33, Callable 12/25/21 @ 100*    96,837 
 31,511   Countrywide Alternative Loan Trust, Series 2004-16CB, Class 4A3, 6.00%, 8/25/34, Callable 12/25/21 @ 100*    31,904 
 26,455   Countrywide Alternative Loan Trust, Series 2004-J2, Class 2A1, 6.50%, 3/25/34, Callable 12/25/21 @ 100*    26,976 
 11,682   MASTR Alternative Loans Trust, Series 2004-11, Class 6A1, 5.50%, 10/25/34, Callable 12/25/21 @ 100*    12,279 
 87,763   MASTR Alternative Loans Trust, Series 2004-7, Class 1A1, 5.50%, 7/25/34, Callable 12/25/21 @ 100*    91,929 
 118,497   MASTR Alternative Loans Trust, Series 2003-3, Class 2A5, 6.00%, 5/25/33, Callable 12/25/21 @ 100*    124,654 
 33,634   MASTR Alternative Loans Trust, Series 2004-5, Class 2A1, 6.00%, 6/25/34, Callable 12/25/21 @ 100*    34,857 
 264,000   Residential Asset Securitization Trust, Series 2003-A7, Class A8, 5.00%, 7/25/33, Callable 12/25/21 @ 100*    271,072 
 66,000   Residential Asset Securitization Trust, Series 2003-A10, Class A2, 5.20%, 9/25/33, Callable 12/25/21 @ 100*    67,707 
 20,006   Structured Asset Securities Corp., Series 2004-4XS, Class A3A, 5.13%, 2/25/34, Callable 12/25/21 @ 100*(b)(c)    20,405 
        826,118 
Prime Adjustable Rate Mortgage Backed Securities (14.4%)
 53,117   Citigroup Mortgage Loan Trust, Inc., Series 2004-UST1, Class A5, 1.94%, 8/25/34, Callable 12/25/21 @ 100*(b)    54,337 
 91,172   Impac Secured Assets CMN Owner Trust, Series 2003-3, Class A1, 5.20%, 8/25/33, Callable 12/25/21 @ 100*(b)    94,219 
 327,977   LSTAR Securities Investment, Ltd., Series 2019-4, Class A1, 2.58% (US0001M + 150 bps), 5/1/24(a)    326,305 
 539,704   LSTAR Securities Investment, Ltd., Series 2019-4, Class A2, 3.58% (US0001M + 250 bps), 5/1/24(a)    585,101 
 715,107   LSTAR Securities Investment, Ltd., Series 2019-3, Class A2, 3.59% (US0001M + 250 bps), 4/1/24(a)    715,107 
 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)   498,168 

 

See notes to the schedule of portfolio investments.

- 17 -

 

 

Schedule of Portfolio Investments Strategic Enhanced Yield Fund  
November 30, 2021 (Unaudited) Continued  

 

Shares or
Principal
Amount
   Security Description  Value 
  
Mortgage Backed Securities†, continued: 
Prime Adjustable Rate Mortgage Backed Securities, continued: 
$500,000   Mello Warehouse Securitization Trust, Series 2021-1, Class G, 4.46% (US0001M + 438 bps), 2/25/55, Callable 2/25/24 @ 100*(a)  $501,441 
 72,808   RBSSP Resecuritization Trust, Series 2011-3, Class 2A1, 0.59% (US0001M + 25 bps), 2/26/37(a)    72,966 
 30,150   Structured Adjustable Rate Mortgage Loan Trust, Series 2004-12, Class 3A2, 2.41%, 9/25/34, Callable 12/25/21 @ 100*(b)    30,814 
 32,447   Structured Adjustable Rate Mortgage Loan Trust, Series 2004-8, Class 3A, 2.61%, 7/25/34, Callable 12/25/21 @ 100*(b)    33,279 
 53,606   WinWater Mortgage Loan Trust, Series 2014-1, Class A1, 3.88%, 6/20/44, Callable 1/20/22 @ 100*(a)(b)    53,643 
        2,965,380 
Prime Fixed Mortgage Backed Securities (9.5%)
 116,490   Alternative Loan Trust, Series 2004-18CB, Class 4A1, 5.50%, 9/25/34, Callable 12/25/21 @ 100*    120,098 
 11,971   Banc of America Funding Trust, Series 2004-3, Class 1A9, 5.50%, 10/25/34, Callable 12/25/21 @ 100*    12,288 
 348,156   Brean Asset Backed Securities Trust, Series 2021-RM1, Class M1, 1.60%, 10/25/63, Callable 9/25/27 @ 100*(d)    318,372 
 7,859   Citicorp Mortgage Securities Trust, Series 2006-3, Class 1A19, 5.75%, 6/25/36, Callable 12/25/21 @ 100*    7,866 
 9,288   Citicorp Mortgage Securities Trust, Series 2006-3, Class 1A3, 6.25%, 6/25/36, Callable 12/25/21 @ 100*    9,504 
 105,660   Countrywide Home Loans, Series 2005-6, Class 1A3, 5.15%, 4/25/35, Callable 12/25/21 @ 100*    107,039 
 20,000   Countrywide Home Loans, Series 2004-10, Class A4, 5.25%, 7/25/34, Callable 12/25/21 @ 100*    20,304 
 77,000   Countrywide Home Loans, Series 2004-4, Class A4, 5.25%, 5/25/34, Callable 12/25/21 @ 100*    78,364 
 36,000   Countrywide Home Loans, Series 2004-9, Class A5, 5.25%, 6/25/34, Callable 12/25/21 @ 100*    36,543 
 172,000   Countrywide Home Loans, Series 2005-5, Class A4, 5.40%, 3/25/35, Callable 12/25/21 @ 100*    174,472 
 105,790   Countrywide Home Loans, Series 2004-4, Class A9, 5.50%, 5/25/34, Callable 12/25/21 @ 100*    106,556 
 40,000   Countrywide Home Loans, Series 2004-8, Class 1A3, 5.50%, 7/25/34, Callable 12/25/21 @ 100*    40,714 
 39,000   Countrywide Home Loans, Series 2004-8, Class 1A7, 5.75%, 7/25/34, Callable 12/25/21 @ 100*    39,805 
 58,637   GMAC Mortgage Loan Trust, Series 2004-J2, Class A8, 5.75%, 6/25/34, Callable 12/25/21 @ 100*    59,686 

 

 Shares or
Principal
Amount
   Security Description   Value  
 
Mortgage Backed Securities†, continued:
Prime Fixed Mortgage Backed Securities, continued:
$93,284   GSR Mortgage Loan Trust, Series 2004-10F, Class 6A1, 5.00%, 9/25/34, Callable 12/25/21 @ 100*   $95,475 
 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)   254,418 
 415,000   NewRez Warehouse Securitization Trust, Series 2021-1, Class F, 5.34% (US0001M + 525 bps), 5/25/55, Callable 5/25/24 @ 100*(a)   414,512 
 54,000   WaMu Mortgage Pass-Through Certificate, Series 2004-RS1, Class A3, 5.50%, 11/25/33, Callable 12/25/21 @ 100*    55,607 
        1,951,623 
U.S. Government Agency Mortgage Backed Securities (4.5%)
 56,476   Fannie Mae, Series 2013-56, Class GM, 2.00%, 8/25/41    57,514 
 83,423   Fannie Mae, Series 2003-W14, Class 2A, 3.78%, 1/25/43, Callable 12/25/21 @ 100*(b)    87,069 
 173,827   Fannie Mae, Series 2003-W13, Class AF5, 4.80%, 10/25/33, Callable 12/25/21 @ 100*(b)(c)    196,003 
 113,755   Fannie Mae, Series 2002-W11, Class AF5, 4.98%, 11/25/32, Callable 12/25/21 @ 100*(b)(c)    121,608 
 130,856   Fannie Mae, Series 2004-W3, Class A8, 5.50%, 5/25/34, Callable 12/25/21 @ 100*   141,971 
 119,664   Fannie Mae, Series 240, Class 11, 9.00%, 9/25/23    127,045 
 138,128   Fannie Mae, Series 250, Class 11, 9.00%, 10/25/23    147,173 
 38,688   Freddie Mac, Series 2017-SC01, Class 2A, 3.50%, 12/25/46, Callable 7/25/25 @ 100*   39,613 
        917,996 
Total Mortgage Backed Securities (Cost $6,561,354)    6,661,117 
      
Corporate Bonds (28.7%)
Aerospace & Defense (2.8%)
 389,000   The Boeing Co., 8.75%, 9/15/31    572,216 
Airlines (2.6%)
 372,560   Alaska Airlines Pass Through Trust, Class B, 8.00%, 2/15/27 (a)    417,631 
 122,657   American Airlines Pass-Through Trust, Class A, 4.95%, 7/15/24    125,737 
        543,368 
Banks (4.0%)
 543,000   Citigroup, Inc., 4.00% (H15T5Y + 360 bps), 12/31/99, Callable 12/10/25 @ 100 *   538,862 
 273,000   Wells Fargo & Co., 3.90% (H15T5Y + 345 bps), 12/31/99, Callable 3/15/26 @ 100 *   274,638 
        813,500 
Capital Markets (2.4%)
 500,000   The Goldman Sachs Group, Inc., 3.80% (H15T5Y + 297 bps), 12/31/99, Callable 5/10/26 @ 100 *    487,100 
Chemicals (2.3%)
 400,000   Monsanto Co., 5.50%, 7/30/35    467,603 
Oil, Gas & Consumable Fuels (4.2%)
 287,000   HollyFrontier Corp., 4.50%, 10/1/30, Callable 7/1/30 @ 100 *   309,120 
 26,000   ONEOK, Inc., 5.85%, 1/15/26, Callable 12/15/25 @ 100 *    29,910 

 

See notes to the schedule of portfolio investments.

- 18 -

 

 

Schedule of Portfolio Investments Strategic Enhanced Yield Fund  
November 30, 2021 (Unaudited) Concluded  

 

Shares or
Principal
Amount
   Security Description  Value 
  
Corporate Bonds, continued: 
Oil, Gas & Consumable Fuels, continued: 
$425,000   ONEOK, Inc., 6.35%, 1/15/31, Callable 10/15/30 @ 100 *   $534,141 
        873,171 
Sovereign Bond (2.2%)
 450,000   International Bank for Reconstruction & Development, 2.70%, 12/28/37, Callable 12/28/22 @ 100 *    451,387 
Technology Hardware, Storage & Peripherals (1.4%)
 209,000   Hewlett Packard Enterprise Co., 6.35%, 10/15/45, Callable 4/15/45 @ 100 *    283,701 
Tobacco (6.8%)
 180,000   Altria Group, Inc., 5.95%, 2/14/49, Callable 8/14/48 @ 100 *    228,882 
 546,000   BAT Capital Corp., 4.91%, 4/2/30, Callable 1/2/30 @ 100 *   615,704 
 156,000   Philip Morris International, Inc., 6.38%, 5/16/38    219,808 
           
 Shares or
Principal
Amount
   Security Description   Value  
 
Corporate Bonds, continued:
Tobacco, continued:
$227,000   Reynolds American, Inc., 8.13%, 5/1/40   $333,760 
        1,398,154 
Total Corporate Bonds (Cost $5,847,976)    5,890,200 
      
U.S. Treasury Obligations (13.8%)
U.S. Treasury Bonds
 1,630,000   1.88%, 2/15/51    1,658,843 
U.S. Treasury Notes
 1,200,000   0.50%, 2/28/26    1,170,844 
Total U.S. Treasury Obligations (Cost $2,763,401)    2,829,687 
      
Investment Companies (5.2%)
 12,511   iShares IBoxx High Yield Corporate Bond ETF   1,071,442 
Total Investment Companies (Cost $1,086,674)    1,071,442 
      
Investment in Affiliates (4.4%)
 895,685   Cavanal Hill Government Securities Money Market Fund, Select Shares, 0.01%(e)    895,685 
Total Investment in Affiliates (Cost $895,685)    895,685 
      
Total Investments (Cost $20,206,950) - 99.5%    20,426,413 
Other assets in excess of liabilities — 0.5%    94,322 
Net Assets - 100.0%   $20,520,735 

 

 

(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 November 30, 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 November 30, 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 November 30, 2021, illiquid securities were 4.5% 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 November 30, 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.

 

ETF Exchange Traded Fund
H15T5Y 5 Year Treasury Constant Maturity Rate
LIBOR London Interbank Offered Rate
US0001M 1 Month US Dollar LIBOR

 

See notes to the schedule of portfolio investments.

- 19 -

 

 

Schedule of Portfolio Investments Ultra Short Tax-Free Income Fund
November 30, 2021 (Unaudited)  

 

Shares or
Principal
Amount
   Security Description  Value 
  
Municipal Bonds (101.4%) 
Alaska (1.7%) 
$525,000   City of Valdez Alaska Revenue, 0.03%, 12/1/29, Continuously Callable @100(a)   $525,000 
Florida (4.4%)
 1,400,000   Palm Beach County Revenue, 0.06%, 7/1/32, Callable 1/3/22 @ 100, Northern Trust Co.*(a)   1,400,000 
Illinois (14.5%)
 130,000   City of Monmouth IL, GO, 4.00%, 12/1/21, BAM   130,012 
 165,000   City of Waukegan IL Water & Sewer System Revenue, 4.00%, 12/30/21, AGM   165,477 
 525,000   Cook County Community Unit School District No 401 Elmwood Park, GO, 3.00%, 12/1/21   525,037 
 340,000   Cook County School District No 162 Matteson, GO, Series B, 3.00%, 12/1/21, BAM   340,024 
 300,000   Cook County School District No 81 Schiller Park, GO, 5.00%, 12/1/23    326,957 
 405,000   Cook County School District No 88 Bellwood, GO, 4.00%, 12/1/22, BAM    419,346 
 130,000   Henry County Community Unit School District No 229 Kewanee, GO, Series B, 3.00%, 12/1/22, AGM    133,379 
 200,000   Henry County Community Unit School District No 229 Kewanee, GO, Series B, 3.00%, 12/1/23, AGM    209,825 
 200,000   Kankakee & Will Counties Community Unit School District No 5, GO, 5.00%, 12/1/21, BAM    200,024 
 100,000   Sangamon Logan & Menard Counties Community Unit School Dist No 15 Williamsville, GO, 5.00%, 12/1/22, BAM    104,598 
 345,000   Village of Franklin Park IL, GO, 3.00%, 7/1/23, AGC    358,764 
 125,000   Village of Libertyville IL, GO, Series A, 3.00%, 12/15/21    125,129 
 230,000   Village of Libertyville IL, GO, Series A, 3.00%, 12/15/22    236,273 
 250,000   Village of Libertyville IL, GO, Series A, 3.00%, 12/15/23    262,762 
 175,000   Village of Libertyville IL, GO, Series B, 4.00%, 5/1/22    177,659 
 175,000   Village of Libertyville IL, GO, Series B, 4.00%, 5/1/23    183,753 
 170,000   West Chicago Park District, GO, Series B, 3.00%, 12/1/22, BAM   174,608 
 500,000   Williamson & Johnson Counties Community Unit School District No 2 Marion, GO, 2.00%, 12/1/21, BAM   500,020 
        4,573,647 
Indiana (6.8%)
 750,000   Hamilton Southeastern Schools, GO, Series B, 3.00%, 12/31/21, ST INTERCEPT   751,656 
 510,000   Lafayette School Corp., GO, 3.00%, 1/15/23, ST INTERCEPT    523,464 
 850,000   Lafayette School Corp., GO, 4.00%, 1/15/22, ST INTERCEPT    853,651 
        2,128,771 
Kansas (0.9%)
 265,000   County of Pottawatomie KS, GO, Series A, 4.00%, 10/1/22    273,157 

 

 Shares or
Principal
Amount
   Security Description   Value  
 
Municipal Bonds, continued:
Kentucky (11.1%)
$380,000   Bowling Green Independent School District Finance Corp. Revenue, 4.00%, 11/1/22, ST INTERCEPT   $391,965 
 380,000   County of Madison KY, GO, Series B, 5.00%, 3/1/22    384,443 
 200,000   Kentucky Association of Counties Finance Corp. Revenue, 2.00%, 2/1/23   203,588 
 1,000,000   Kentucky Interlocal School Transportation Association, 1.25%, 3/1/23, STATE INTERCEPT PROG FOR HIGHER ED   1,009,427 
 395,000   Leslie County School District Finance Corp. Revenue, 1.00%, 12/1/22, ST INTERCEPT   397,569 
 485,000   Mason County School District Finance Corp. Revenue, 2.00%, 9/1/22, ST INTERCEPT   491,179 
 615,000   Mason County School District Finance Corp. Revenue, 2.00%, 9/1/23, ST INTERCEPT   632,116 
        3,510,287 
Lousiana (1.0%)
 325,000   Lafourche Parish School Board, GO, 5.00%, 3/1/22    328,710 
Massachusetts (1.0%)
 311,735   Town of Sherborn MA, GO, 1.00%, 8/24/22   313,388 
Michigan (1.0%)
 295,000   Charter Township of Brownstown MI, GO, 4.00%, 5/1/23    310,056 
Minnesota (4.4%)
 1,400,000   City of Minneapolis MN Revenue, Series B, 0.05%, 12/1/27, Callable 1/3/22 @ 100, WELLS FARGO*(a)    1,400,000 
Mississippi (2.5%)
 800,000   Mississippi Business Finance Corp. Revenue, Series C, 0.02%, 12/1/30, Callable 1/3/22 @ 100*(a)    800,000 
Missouri (3.1%)
 150,000   City of Sikeston MO Revenue, 3.00%, 6/1/22   151,990 
 225,000   County of Dunklin MO Revenue, 3.00%, 12/1/21   225,016 
 200,000   County of Dunklin MO Revenue, 3.00%, 12/1/22   205,198 
 200,000   Nixa Public Schools, 4.00%, 4/1/22    202,390 
 185,000   Nixa Public Schools, 4.00%, 4/1/23    193,628 
        978,222 
Montana (1.5%)
 470,000   Four Corners County Water & Sewer District Special Assessment, Series A, 4.00%, 7/1/22, AGM    480,016 
Nevada (1.8%)
 525,000   Washoe County School District, GO, Series A, 5.00%, 6/1/23   561,626 
North Dakota (0.7%)
 200,000   City of Horace ND, GO, 3.00%, 5/1/23   206,669 
Pennsylvania (2.0%)
 580,000   Borough of Lewistown PA, GO, 4.00%, 12/15/23, BAM    621,958 
Tennessee (10.4%)
 255,000   County of Fayette TN, GO, 2.00%, 3/1/23    260,164 
 500,000   County of Hawkins TN, GO, 3.00%, 3/1/22   503,315 
 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 Investments

Ultra Short Tax-Free Income Fund

November 30, 2021 (Unaudited) Concluded

 

Shares or
Principal
Amount
   Security Description  Value 
         
Municipal Bonds, continued: 
Tennessee, continued: 
$1,300,000   Montgomery County Public Building Authority Revenue, 0.08%, 11/1/27, Callable 1/1/22 @ 100, Bank of America*(a)   $1,300,000 
        3,263,479 
Texas (25.3%)
 815,000   Austin Texas Hotel Occupancy Tax Revenue, 0.07%, 11/15/29, Continuously Callable @100, JPM(a)   815,000 
 195,000   Brazoria County Municipal Utility District No 28, GO, Series A, 2.00%, 9/1/23, BAM   200,082 
 420,000   Broaddus Independent School District, GO, Series A, 4.00%, 2/15/23, PSF-GTD   438,294 
 215,000   City of Austin Texas Revenue, 5.00%, 11/15/22, Continuously Callable @100, AGC   215,835 
 300,000   City of Edinburg Texas, GO, 5.00%, 3/1/23, AGM   317,497 
 100,000   City of Elgin Texas, GO, 4.00%, 7/15/22, AGC   102,272 
 100,000   City of Elgin Texas, GO, 4.00%, 7/15/22, AGC   102,272 
 100,000   City of Elgin Texas, GO, 4.00%, 7/15/23, AGC   105,625 
 100,000   City of Elgin Texas, GO, 4.00%, 7/15/23, AGC   105,625 
 270,000   City of Gonzales Texas, GO, 4.00%, 3/1/22    272,504 
 375,000   City of Haltom City Texas, GO, Series A, 5.00%, 2/1/23    394,997 
 400,000   East Cedar Creek Fresh Water Supply District Revenue, 3.00%, 1/1/23, AGM    411,226 
 265,000   Fort Bend County Municipal Utility District No 130, GO, 2.00%, 9/1/22, AGM    268,137 
 165,000   Fort Bend County Municipal Utility District No 139, GO, 4.00%, 3/1/22, AGC    166,489 
 180,000   Fort Bend County Municipal Utility District No 139, GO, 4.00%, 3/1/23, AGC    187,843 
 380,000   Fort Bend County Municipal Utility District No 169, GO, 3.00%, 12/1/21, AGM    380,026 
 220,000   Fulshear Municipal Utility District No 3A, GO, 4.00%, 9/1/23, AGM    233,378 
 675,000   Galveston County Municipal Utility District No 56, GO, 4.50%, 12/1/22, AGM    702,611 

 

Shares or
Principal
Amount
   Security Description  Value 
         
Municipal Bonds, continued: 
Texas, continued: 
$170,000   Grand Mission Municipal Utility District No 1, GO, 3.00%, 9/1/22, AGM   $173,356 
 375,000   Harris County Municipal Utility District NO 278, GO, 4.00%, 9/1/23, BAM    397,803 
 570,000   Harris County Municipal Utility District No 287, GO, 2.00%, 9/1/22, AGM    577,004 
 200,000   Harris County Municipal Utility District No 449, GO, 3.00%, 9/1/22, AGM    203,888 
 450,000   Harris County Municipal Utility District No 449, GO, 3.00%, 9/1/23, AGM    469,224 
 250,000   Kaufman County Municipal Utility District No 14, GO, 2.00%, 3/1/23, AGM    254,591 
 300,000   San Patricio Municipal Water District Revenue, 3.00%, 7/10/23, AGM    311,997 
 165,000   Sienna Plantation Municipal Utility District No 12, GO, 3.00%, 9/1/22, AGC    168,333 
        7,975,909 
Wisconsin (6.7%)
 250,000   City of Fond Du Lac WI Waterworks System Revenue, 4.00%, 9/1/22    256,838 
 830,000   City of Park Falls WI Water & Sewer System Revenue, 3.00%, 3/1/22    835,062 
 1,000,000   Milwaukee & Ozaukee County Joint School District No 2 Fox Point & Bayside Revenue, 1.00%, 8/30/22    1,004,750 
        2,096,650 
Wyoming (0.6%)
 200,000   County of Lincoln Wyoming Revenue, Series E, 0.03%, 10/1/44, Continuously Callable @100(a)    200,000 
Total Municipal Bonds (Cost $31,951,878)    31,947,545 
           
Investment in Affiliates (0.2%)
 58,387   Cavanal Hill Government Securities Money Market Fund, Select Shares, 0.01%(b)    58,387 
Total Investment in Affiliates (Cost $58,387)   58,387 
      
Total Investments (Cost $32,010,265) - 101.6%   32,005,932 
Liabilities in excess of other assets — (1.6)%   (499,201)
Net Assets - 100.0%  $31,506,731 

 

 

(a) Interest rate is determined by the Remarketing Agent. The rate presented is the rate in effect at November 30, 2021.
(b) Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at November 30, 2021.
* Represents next call date. Additional subsequent call dates and amounts may apply to this security.

 

AGC Assured Guaranty Corporation
AGM Assured Guaranty Municipal Corporation
BAM Build America Mutual Assurance Company
GO General Obligation
JPM J.P. Morgan Chase Bank
PSF-GTD Public School Fund Guaranteed

 

See notes to the schedule of portfolio investments.

- 21 -

 

 

Schedule of Portfolio Investments

Active Core Fund
November 30, 2021 (Unaudited)

 

Shares or
Principal
Amount
   Security Description  Value 
         
Common Stocks (54.3%) 
Aerospace & Defense (0.6%) 
 310   General Dynamics Corp.   $58,581 
 367   Hexcel Corp.(a)    18,856 
 165   L3Harris Technologies, Inc.   34,498 
 220   Lockheed Martin Corp.    73,330 
 71   Northrop Grumman Corp.    24,765 
 62   Raytheon Technologies Corp.    5,017 
 243   The Boeing Co.(a)    48,078 
 41   TransDigm Group, Inc.(a)    23,700 
 1,082   Virgin Galactic Holdings, Inc.(a)    17,312 
        304,137 
Air Freight & Logistics (0.1%)
 365   Atlas Air Worldwide Holdings, Inc.(a)    31,978 
 72   United Parcel Service, Inc., Class B    14,282 
        46,260 
Airlines (0.0%^)
 364   Southwest Airlines Co.(a)    16,162 
Auto Components (0.3%)
 595   BorgWarner, Inc.    25,752 
 756   Gentex Corp.    26,029 
 50   Lear Corp.    8,389 
 409   Patrick Industries, Inc.    32,626 
 352   XPEL, Inc.(a)    25,305 
        118,101 
Automobiles (0.5%)
 216   Tesla, Inc.(a)    247,268 
Banks (1.7%)
 1,888   Bank of America Corp.    83,959 
 750   Citigroup, Inc.   47,775 
 563   East West Bancorp, Inc.    43,351 
 701   Financial Institutions, Inc.    21,591 
 1,967   JPMorgan Chase & Co.    312,419 
 715   People's United Financial, Inc.    12,184 
 94   SVB Financial Group(a)    65,079 
 170   The PNC Financial Services Group, Inc.    33,490 
 1,585   Truist Financial Corp.    94,006 
 1,737   U.S Bancorp    96,126 
 249   Western Alliance Bancorp    27,335 
        837,315 
Beverages (0.8%)
 54   Coca-Cola Consolidated, Inc.    30,811 
 119   Keurig Dr Pepper, Inc.    4,045 
 632   Monster Beverage Corp.(a)    52,949 
 1,389   PepsiCo, Inc.    221,934 
 1,744   The Coca-Cola Co.    91,473 
        401,212 
Biotechnology (0.9%)
 1,283   AbbVie, Inc.    147,904 
 101   Amgen, Inc.    20,087 
 272   Biogen, Inc.(a)    64,121 
 498   Exact Sciences Corp.(a)    42,514 
 789   Gilead Sciences, Inc.    54,386 
 1,015   Iovance Biotherapeutics, Inc.(a)    19,001 
 119   Moderna, Inc.(a)    41,939 
 96   Neurocrine Biosciences, Inc.(a)    7,992 
 77   Novavax, Inc.(a)    16,065 
 17   Regeneron Pharmaceuticals, Inc.(a)    10,821 
 309   Sage Therapeutics, Inc.(a)    12,023 
 45   Vertex Pharmaceuticals, Inc.(a)    8,412 
        445,265 
Building Products (0.2%)
 235   Allegion PLC    29,055 

 

Shares or
Principal
Amount
   Security Description  Value 
         
Common Stocks, continued: 
Building Products, continued: 
 150   Carrier Global Corp.   $8,118 
 132   Lennox International, Inc.    40,791 
 236   Simpson Manufacturing Co, Inc.    27,225 
 38   Trane Technologies PLC    7,093 
        112,282 
Capital Markets (2.4%)
 260   Ameriprise Financial, Inc.    75,296 
 429   Artisan Partners Asset Management, Inc., Class A   19,189 
 87   BlackRock, Inc.    78,701 
 423   CME Group, Inc.    93,280 
 618   Cowen, Inc., Class A    21,865 
 329   Evercore, Inc.    45,632 
 816   GAMCO Investors, Inc., Class A    19,976 
 247   Houlihan Lokey, Inc.    26,809 
 452   Intercontinental Exchange, Inc.    59,085 
 112   LPL Financial Holdings, Inc.    17,652 
 80   Moody's Corp.    31,251 
 188   MSCI, Inc., Class A    118,337 
 399   Nasdaq, Inc.    81,089 
 156   Piper Sandler Cos    25,857 
 282   PJT Partners, Inc., Class A    21,455 
 230   S&P Global, Inc.    104,818 
 320   StoneX Group, Inc.(a)    17,976 
 307   T. Rowe Price Group, Inc.    61,385 
 607   The Goldman Sachs Group, Inc.    231,261 
        1,150,914 
Chemicals (0.9%)
 517   AdvanSix, Inc.    23,415 
 79   Air Products & Chemicals, Inc.    22,708 
 366   Axalta Coating Systems, Ltd.(a)    11,097 
 1,297   CF Industries Holdings, Inc.    78,585 
 165   Chase Corp.    16,267 
 1   Corteva, Inc.    45 
 645   Dow, Inc.    35,430 
 224   Ecolab, Inc.    49,609 
 499   Hawkins, Inc.    16,557 
 202   Innospec, Inc.    16,402 
 574   Koppers Holdings, Inc.(a)    17,335 
 691   Olin Corp.    37,556 
 145   PPG Industries, Inc.    22,355 
 1,102   The Mosaic Co.    37,711 
 84   The Sherwin-Williams Co.    27,824 
 187   Westlake Chemical Corp.   17,376 
        430,272 
Commercial Services & Supplies (0.4%)
 263   Cintas Corp.    111,036 
 35   Copart, Inc.(a)    5,081 
 36   Republic Services, Inc.    4,761 
 412   Waste Management, Inc.    66,196 
        187,074 
Communications Equipment (0.6%)
 504   Arista Networks, Inc.(a)    62,526 
 713   Cambium Networks Corp.(a)    19,401 
 3,724   Cisco Systems, Inc.    204,224 
 26   Motorola Solutions, Inc.    6,583 
        292,734 
Construction & Engineering (0.3%)
 1,040   Primoris Services Corp.    23,317 
 817   Quanta Services, Inc.    92,958 
 1,159   Sterling Construction Co, Inc.(a)    29,868 
        146,143 

 

See notes to the schedule of portfolio investments.

- 22 -

 

 

Schedule of Portfolio Investments

Active Core Fund
November 30, 2021 (Unaudited) Continued

 

Shares or
Principal
Amount
   Security Description  Value 
         
Common Stocks, continued: 
Construction Materials (0.1%) 
 160   Vulcan Materials Co.   $30,662 
Consumer Finance (0.6%)
 391   Capital One Financial Corp.    54,947 
 675   Enova International, Inc.(a)    25,731 
 508   Onemain Holdings, Inc.    25,293 
 2,756