Schedule of Portfolio InvestmentsLimited Duration Fund
May 31, 2023 (Unaudited) 

 

Shares or
Principal
Amount
  Security Description Value 
       
Asset Backed Securities (24.4%)    
$471,218  CDC Mortgage Capital Trust, Series 2002-HE1, Class A, 5.76% (US0001M + 62 bps), 1/25/33, Callable 6/25/23 @ 100* $464,098 
 277,144  CIT Mortgage Loan Trust, Series 2007-1, Class 1A, 6.49% (US0001M + 135 bps), 10/25/37, Callable 9/25/23 @ 100*(a)  276,096 
 2  Citigroup Mortgage Loan Trust, Inc., Series 2005- WF1, Class A5, 5.01%, 11/25/34, Callable 6/25/23 @ 100*(b)  2 
 609,307  CLI Funding VIII LLC, Series 2021-1A, Class B, 2.38%, 2/18/46, Callable 6/18/23 @ 100*(a)  518,624 
 181  Countrywide Asset-Backed Certificates, Series 2002-S1, Class A5, 6.46%, 5/25/32, Callable 6/25/23 @ 100*(b)(c)  180 
 665,030  Driven Brands Funding LLC, Series 2019-2A, Class A2, 3.98%, 10/20/49, Callable 10/20/24 @ 100*(a)  606,057 
 806,000  Flexential Issuer, Series 2021-1A, Class A2, 3.25%, 11/27/51, Callable 11/25/25 @ 100*(a)  714,116 
 457,984  Fremont Home Loan Trust, Series 2004-3, Class 10A1, 7.01% (US0001M + 188 bps), 11/25/34, Callable 6/25/23 @ 100*  334,631 
 1,268,370  Goodgreen Trust, Series 2021-1A, Class A, 2.63%, 4/15/55, Callable 10/15/40 @ 100*(a)  1,068,269 
 345,000  Hi-Fi Music Ip Issuer II L.P, Series 2022-1A, Class A2, 3.94%, 2/1/62, Callable 8/1/23 @ 100*(a)  316,504 
 11  IMC Home Equity Loan Trust, Series 1998-1, Class A6, 7.02%, 6/20/29(b)(c)  11 
 765,375  Jack In The Box Funding LLC, Series 2022-1A, Class A2I, 3.45%, 2/26/52, Callable 2/25/25 @ 100*(a)  678,534 
 49,764  NMEF Funding LLC, Series 2021-A, Class A2, 0.81%, 12/15/27, Callable 8/15/24 @ 100*(a)  49,462 
 206,579  Nomura Home Equity Loan, Inc. Home Equity Loan Trust, Series 2006-FM1, Class 1A1, 5.60% (US0001M + 46 bps), 11/25/35, Callable 6/25/23 @ 100*  204,870 
 286,288  RAAC Trust, Series 2007-SP1, Class M1, 5.99% (US0001M + 86 bps), 3/25/37, Callable 6/25/23 @100*  283,601 
 62,301  Residential Asset Mortgage Products, Inc., Series 2002-RS2, Class AI5, 4.91%, 3/25/32, Callable 6/25/23 @ 100*  57,135 
 1,131  Saxon Asset Securities Trust, Series 2003-3, Class AF6, 4.28%, 12/25/33, Callable 6/25/23 @ 100*(b)(c)  1,066 
 786,667  Sonic Capital LLC, Series 2021-1A, Class A2I, 2.19%, 8/20/51, Callable 8/20/25 @ 100*(a)  632,316 
 45,193  Soundview Home Equity Loan Trust, Series 2005-B, Class M2, 6.22%, 5/25/35, Callable 6/25/23 @ 100*(b)(c)  41,410 
 201,125  Soundview Home Loan Trust, Series 2005-OPT3, Class M1, 5.84% (US0001M + 71 bps), 11/25/35, Callable 6/25/23 @ 100*  195,528 
 98,958  Structured Asset Investment Loan Trust, Series 2003-BC2, Class A1, 5.82% (US0001M + 68 bps), 4/25/33, Callable 6/25/23 @ 100*  99,036 
 573,800  Structured Asset Investment Loan Trust, Series 2005-HE3, Class M1, 5.86% (US0001M + 72 bps), 9/25/35, Callable 6/25/23 @ 100*  559,898 

 

Shares or      
Principal      
Amount  Security Description Value 
       
Asset Backed Securities, continued:
$81,211  Structured Asset Securities Corp. Mortgage Pass-Through Certificates, Series 2004-6XS, Class A5A, 6.03%, 3/25/34, Callable 6/25/23 @ 100*(b)(c) $80,111 
 658,000  Taco Bell Funding LLC, Series 2016-1A, Class A23, 4.97%, 5/25/46, Callable 8/25/23 @ 100*(a)  638,328 
 497,193  Textainer Marine Containers VII, Ltd., Series 2020-1A, Class A, 2.73%, 8/21/45, Callable 6/20/23 @ 100*(a)  456,944 
 643,538  ZAXBY'S Funding LLC, Series 2021-1A, Class A2, 3.24%, 7/30/51, Callable 7/30/25 @ 100*(a)  537,879 
Total Asset Backed Securities (Cost $9,912,690)  8,814,706 
     
Mortgage Backed Securities† (28.4%)    
Alt-A - Adjustable Rate Mortgage Backed Securities (0.8%)    
 58,224  Bear Stearns Alternative Trust, Series 2006-1, Class 21A2, 3.87%, 2/25/36, Callable 6/25/23 @ 100*(b)  40,431 
 8,935  Bear Stearns Alternative Trust, Series 2005-5, Class 26A1, 4.43%, 7/25/35, Callable 6/25/23 @ 100*(b)  6,513 
 8,703  Countrywide Alternative Loan Trust, Series 2005- 24, Class 1A1, 5.05% (12MTA + 131 bps), 7/20/35, Callable 6/19/23 @ 100*  7,367 
 914  Deutsche Mortgage Securities, Inc., Series 2006- ABR, Class A1B1, 5.24% (US0001M + 10 bps), 10/25/36, Callable 6/25/23 @ 100*  707 
 1,374  Deutsche Mortgage Securities, Inc., Series 2003- 4XS, Class A6A, 5.32%, 10/25/44, Callable 6/25/23 @ 100*(b)(c)  1,310 
 3,122  Deutsche Mortgage Securities, Inc., Series 2006- AB4, Class A1A, 6.01%, 10/25/36, Callable 6/25/23 @ 100*(b)  2,543 
 2,574  First Horizon Alternative Mortgage Securities, Series 2004-AA3, Class A1, 5.11%, 9/25/34, Callable 6/25/23 @ 100*(b)  2,330 
 13,290  Master Adjustable Rate Mortgage Trust, Series 2004-13, Class 2A1, 4.58%, 4/21/34, Callable 6/21/23 @ 100*(b)  12,601 
 192,537  Nomura Asset Acceptance Corp., Series 2005- AR4, Class 3A1, 4.94%, 8/25/35, Callable 6/25/23 @ 100*(b)  193,052 
 23,156  Residential Accredit Loans, Inc., Series 2004- QA4, Class NB21, 4.11%, 9/25/34, Callable 6/25/23 @ 100*(b)  21,327 
 13,438  Residential Accredit Loans, Inc., Series 2006- QA1, Class A21, 4.94%, 1/25/36, Callable 6/25/23 @ 100*(b)  10,456 
       298,637 
Alt-A - Fixed Rate Mortgage Backed Securities (2.0%)    
 16,094  Alternative Loan Trust, Series 2006-31CB, Class A16, 6.00%, 11/25/36, Callable 6/25/23 @ 100*  9,931 
 10,525  Chaseflex Trust, Series 2005-1, Class 2A4, 5.50%, 2/25/35, Callable 6/25/23 @ 100*  8,510 
 14,031  Citigroup Mortgage Alternative Loan Trust, Series 2006-A3, Class 1A5, 6.00%, 7/25/36, Callable 6/25/23 @100*  12,332 

 

See notes to schedule of portfolio of investments.

 

-

 

 

Schedule of Portfolio InvestmentsLimited Duration Fund
May 31, 2023 (Unaudited)Continued

 

Shares or      
Principal      
Amount  Security Description Value 
       
Mortgage Backed Securities†, continued:   
Alt-A - Fixed Rate Mortgage Backed Securities, continued:    
$230,000  COMM Mortgage Trust, Series 2013-CR12, Class A4, 4.05%, 10/10/46, Callable 11/10/23 @ 100* $ 227,717 
 9,644  Countrywide Alternative Loan Trust, Series 2005-J13, Class 2A3, 5.50%, 11/25/35, Callable 6/25/23 @100*  6,851 
 15,257  Countrywide Alternative Loan Trust, Series 2006-2CB, Class A3, 5.50%, 3/25/36, Callable 6/25/23 @ 100*  6,606 
 15,640  Countrywide Alternative Loan Trust, Series 2006-43CB, Class 1A4, 6.00%, 2/25/37, Callable 6/25/23 @ 100*  8,896 
 116,171  Countrywide Alternative Loan Trust, Series 2006-J8, Class A2, 6.00%, 2/25/37, Callable 6/25/23 @ 100*  52,882 
 55,117  Countrywide Alternative Loan Trust, Series 2004-J8, Class 2A1, 7.00%, 8/25/34, Callable 6/25/23 @ 100*  51,402 
 104  Master Alternative Loans Trust, Series 2004-3, Class 1A1, 5.00%, 3/25/19, Callable 6/25/23 @ 100*  99 
 689  Master Alternative Loans Trust, Series 2005-1, Class 5A1, 5.50%, 1/25/20, Callable 6/25/23 @ 100*  615 
 2,827  Master Alternative Loans Trust, Series 2004-3, Class 3A1, 6.00%, 4/25/34, Callable 6/25/23 @ 100*  2,820 
 250,728  Master Alternative Loans Trust, Series 2004-3, Class 5A1, 6.50%, 3/25/34, Callable 6/25/23 @ 100*  255,152 
 16,701  Master Alternative Loans Trust, Series 2004-1, Class 3A1, 7.00%, 1/25/34, Callable 6/25/23 @ 100*  17,488 
 2,660  Master Alternative Loans Trust, Series 2004-3, Class 8A1, 7.00%, 4/25/34, Callable 6/25/23 @ 100*  2,751 
 101  Residential Accredit Loans, Inc., Series 2004-QS13, Class CB, 5.00%, 9/25/19, Callable 6/25/23 @ 100*  98 
 5,565  Residential Accredit Loans, Inc., Series 2004-QS6, Class A1, 5.00%, 5/25/19, Callable 6/25/23 @ 100*  5,171 
 20,726  Residential Accredit Loans, Inc., Series 2006-QS6, Class 1A2, 6.00%, 6/25/36, Callable 6/25/23 @ 100*  16,679 
 40,458  Residential Asset Securitization Trust, Series 2006-A9CB, Class A5, 6.00%, 9/25/36, Callable 3/25/25 @ 100*  13,331 
 24,169  Residential Asset Securitization Trust, Series 2007-A5, Class 2A3, 6.00%, 5/25/37, Callable 6/25/23 @ 100*  14,910 
 7,344  Wells Fargo Mortgage Backed Securities Trust, Series 2005-1, Class 2A3, 5.50%, 2/25/35, Callable 6/25/23 @ 100*  7,113 
       721,354 
Prime Adjustable Rate Mortgage Backed Securities (1.4%)    
 205  Adjustable Rate Mortgage Trust, Series 2005-1, Class 2A22, 4.18%, 5/25/35(b)  204 
 327,920  American Home Mortgage Investment Trust, Series 2006-2, Class 3A2, 6.70%, 6/25/36, Callable 6/25/23 @ 100*(b)(c)  54,595 

 

Shares or       
Principal       
Amount  Security Description Value 
     
Mortgage Backed Securities†, continued:    
Prime Adjustable Rate Mortgage Backed Securities, continued:   
$97,598  Banc of America Funding Corp., Series 2015-R3, Class 4A1, 5.29% (US0001M + 15 bps), 3/27/37(a) $ 97,448 
 2,359  Banc of America Mortgage Securities, Series 2006-B, Class 2A1, 3.99%, 11/20/46, Callable 6/20/23 @ 100*(b)  2,101 
 3,989  Bank of America Mortgage Securities, Series 2006-A, Class 2A1, 3.90%, 2/25/36, Callable 6/25/23 @ 100*(b)  3,586 
 4,574  Bank of America Mortgage Securities, Series 2003-H, Class 2A3, 4.39%, 9/25/33, Callable 6/25/23 @ 100*(b)  4,259 
 3,219  Bank of America Mortgage Securities, Series 2004-E, Class 1A1, 4.55%, 6/25/34, Callable 6/25/23 @ 100*(b)  3,013 
 4,408  Bear Stearns Adjustable Rate Mortgage Trust, Series 2004-6, Class 1A1, 3.76%, 9/25/34, Callable 6/25/23 @ 100*(b)  3,958 
 2,446  Bear Stearns Adjustable Rate Mortgage Trust, Series 2004-10, Class 15A1, 4.25%, 1/25/35, Callable 6/25/23 @ 100*(b)  2,323 
 6,063  Bear Stearns Adjustable Rate Mortgage Trust, Series 2006-4, Class 1A1, 4.70%, 10/25/36, Callable 6/25/23 @ 100*(b)  5,597 
 3,179  Bear Stearns Adjustable Rate Mortgage Trust, Series 2005-9, Class A1, 5.23% (H15T1Y + 230 bps), 10/25/35, Callable 6/25/23 @ 100* 2,999 
 2,822  Bear Stearns Mortgage Securities, Inc., Series 1997-6, Class 1A, 6.60%, 3/25/31, Callable 6/25/23 @ 100*(b)  2,793 
 8,755  Chase Mortgage Finance Corp., Series 2007-A2, Class 10A1, 3.77%, 7/25/37, Callable 6/25/23 @ 100*(b)  6,699 
 4,468  Citigroup Mortgage Loan Trust, Inc., Series 2005- 3, Class 2A2A, 3.97%, 8/25/35(b)  4,341 
 212  Countrywide Home Loans, Series 2003-42, Class 1A1, 3.99%, 9/25/33, Callable 6/25/23 @ 100*(b)  173 
 3,098  Countrywide Home Loans, Series 2003-60, Class 2A1, 4.12%, 2/25/34, Callable 6/25/23 @ 100*(b)  2,839 
 6,338  Countrywide Home Loans, Series 2003-58, Class 2A2, 4.28%, 2/19/34, Callable 6/19/23 @ 100*(b)  6,097 
 19,408  Credit Suisse First Boston Mortgage Securities Corp., Series 2004-AR7, Class 2A1, 3.94%, 11/25/34, Callable 6/25/23 @ 100*(b)  18,574 
 22,762  Credit Suisse First Boston Mortgage Securities Corp., Series 2002-AR28, Class CB3, 4.17%, 11/25/32, Callable 6/25/23 @ 100*(b)  13,170 
 4,391  First Horizon Mortgage Pass-Through Trust, Series 2005-AR4, Class 2A1, 4.02%, 10/25/35, Callable 6/25/23 @ 100*(b)  4,127 
 22,682  GMAC Mortgage Corp. Loan Trust, Series 2005-AR6, Class 3A1, 3.62%, 11/19/35, Callable 6/19/23 @ 100*(b)  19,646 
 15,022  GSR Mortgage Loan Trust, Series 2005-AR2, Class 1A2, 3.82%, 4/25/35, Callable 6/25/23 @ 100*(b)  13,451 
 4,239  GSR Mortgage Loan Trust, Series 2005-AR7, Class 2A1, 4.48%, 11/25/35, Callable 6/25/23 @ 100*(b)  4,197 

 

See notes to schedule of portfolio of investments.

 

-

 

 

Schedule of Portfolio InvestmentsLimited Duration Fund
May 31, 2023 (Unaudited)Continued

 

Shares or       
Principal       
Amount  Security Description Value 
     
Mortgage Backed Securities†, continued:    
Prime Adjustable Rate Mortgage Backed Securities, continued:    
$53,842  Harborview Mortgage Loan Trust, Series 2004-10, Class 3A1B, 3.90%, 1/19/35, Callable 6/19/23 @ 100*(b) $47,263 
 2,932  Harborview Mortgage Loan Trust, Series 2005-14, Class 3A1A, 4.55%, 12/19/35, Callable 6/19/23 @ 100*(b)  2,753 
 18,303  Indymac Index Mortgage Loan Trust, Series 2006-AR13, Class A1, 3.38%, 7/25/36, Callable 6/25/23 @100*(b)  12,961 
 30,518  Indymac Index Mortgage Loan Trust, Series 2006-AR19, Class 1A2, 3.51%, 8/25/36, Callable 6/25/23 @ 100*(b)  21,714 
 7,963  Indymac Index Mortgage Loan Trust, Series 2004-AR4, Class 1A, 3.79%, 8/25/34, Callable 6/25/23 @ 100*(b)  7,171 
 17,702  Indymac Index Mortgage Loan Trust, Series 2004-AR4, Class 3A, 4.00%, 8/25/34, Callable 6/25/23 @ 100*(b)  16,300 
 1,399  JPMorgan Mortgage Trust, Series 2006-A5, Class 3A4, 3.94%, 8/25/36, Callable 6/25/23 @ 100*(b)  1,144 
   LSTAR Securities Investment, Ltd., Series 2021-1, Class A, 7.83% (US0001M + 180 bps), 2/1/26, Callable 7/1/23 @ 100*(a)   
 5,630  Merrill Lynch Mortgage Investors Trust, Series 2004-1, Class 2A2, 3.88%, 12/25/34, Callable 6/25/23 @ 100*(b)  5,278 
 685  Merrill Lynch Mortgage Investors Trust, Series 2004-A1, Class 2A2, 4.06%, 2/25/34, Callable 12/25/23 @ 100*(b)  627 
 6,163  Merrill Lynch Mortgage Investors Trust, Series 2004-A2, Class 1A, 4.36%, 7/25/34, Callable 3/25/24 @ 100*(b)  5,832 
 3,406  Morgan Stanley Mortgage Loan Trust, Series 2004-6AR, Class 2A2, 3.66%, 8/25/34, Callable 8/25/25 @ 100*(b)  3,283 
 1,675  Morgan Stanley Mortgage Loan Trust, Series 2004-6AR, Class 3A, 4.17%, 8/25/34, Callable 6/25/24 @ 100*(b)  1,611 
 18,351  Structured Adjustable Rate Mortgage Loan Trust, Series 2004-18, Class 1A2, 4.18%, 12/25/34, Callable 6/25/23 @ 100*(b)  16,076 
 2,022  Structured Adjustable Rate Mortgage Loan Trust, Series 2004-1, Class 3A1, 4.72%, 2/25/34, Callable 6/25/23 @ 100*(b)  1,885 
 5,532  Structured Asset Mortgage Investments, Inc., Series 2005-AR7, Class 1A1, 3.90%, 12/27/35, Callable 6/25/23 @ 100*(b)  5,520 
 9,162  Structured Asset Securities Corp., Series 2003-24A, Class 1A3, 5.35%, 7/25/33, Callable 6/25/23 @ 100*(b)  8,892 
 39,424  Washington Mutual Mortgage Pass-Through Certificates, Series 2006-AR14, Class 1A1, 3.35%, 11/25/36, Callable 6/25/23 @ 100*(b)  33,713 
 1,156  Washington Mutual Mortgage Pass-Through Certificates, Series 2006-AR8, Class 1A1, 3.68%, 8/25/46, Callable 6/25/23 @ 100*(b)  1,028 
 6,373  Washington Mutual Mortgage Pass-Through Certificates, Series 2006-AR10, Class 1A2, 3.75%, 9/25/36, Callable 6/25/23 @ 100*(b)  5,452 

 

Shares or       
Principal       
Amount  Security Description Value 
     
Mortgage Backed Securities†, continued:    
Prime Adjustable Rate Mortgage Backed Securities, continued:    
$2,876  Washington Mutual Mortgage Pass-Through Certificates, Series 2004-AR3, Class A2, 4.52%, 6/25/34, Callable 6/25/23 @ 100*(b) $2,615 
 3,665  Washington Mutual Mortgage Pass-Through Certificates, Series 2004-AR10, Class A1B, 5.98% (US0001M + 84 bps), 7/25/44, Callable 6/25/23 @ 100*  3,397 
       480,705 
Prime Fixed Mortgage Backed Securities (9.3%)    
 468,976  Angel Oak Mortgage Trust, Series 2019-6, Class A1, 2.62%, 11/25/59, Callable 6/25/23 @ 100*(a)(b)  450,459 
 9,328  Citigroup Mortgage Loan Trust, Inc., Series 2003-1, Class WA2, 6.50%, 6/25/31, Callable 6/25/23 @ 100*  9,034 
 55,789  Citigroup Mortgage Loan Trust, Inc., Series 2004- NCM2, Class 1CB2, 6.75%, 8/25/34, Callable 6/25/23 @ 100*  51,527 
 9,758  Citigroup Mortgage Loan Trust, Inc., Series 2004- NCM2, Class 2CB3, 8.00%, 8/25/34, Callable 6/25/23 @ 100*  9,716 
 3,376  Credit Suisse First Boston Mortgage Securities Corp., Series 2004-7, Class 5A1, 5.00%, 10/25/19, Callable 6/25/23 @ 100*  3,243 
 57,421  Credit Suisse First Boston Mortgage Securities Corp., Series 2003-23, Class 1A11, 6.00%, 10/25/33  54,125 
 7,884  Credit Suisse First Boston Mortgage Securities Corp., Series 2003-8, Class 5A1, 6.50%, 4/25/33, Callable 6/25/23 @ 100*  7,790 
 14,438  Credit Suisse First Boston Mortgage Securities Corp., Series 2003-1, Class 1A1, 7.00%, 2/25/33, Callable 6/25/23 @ 100*  14,409 
 31,926  Credit Suisse First Boston Mortgage Securities Corp., Series 2002-10, Class 2B1, 7.50%, 5/25/32, Callable 6/25/23 @ 100*  9,096 
 173,614  Credit Suisse First Boston Mortgage Securities Corp., Series 2002-34, Class 1A1, 7.50%, 12/25/32, Callable 6/25/23 @ 100*  180,522 
 390,790  GS Mortgage-Backed Securities Corp. Trust, Series 2019-PJ2, Class A8, 4.00%, 11/25/49, Callable 6/25/23 @ 100*(a)(b)  367,357 
 15,239  GSR Mortgage Loan Trust, Series 2003-3F, Class 2A1, 4.50%, 4/25/33, Callable 6/25/23 @ 100*  14,210 
 20,228  GSR Mortgage Loan Trust, Series 2005-8F, Class 3A4, 6.00%, 11/25/35, Callable 8/25/35 @ 100*  8,689 
 517,681  JPMorgan Mortgage Trust, Series 2020-4, Class A3A, 2.50%, 11/25/50, Callable 3/25/40 @ 100*(a)(b)  429,323 
 406,501  JPMorgan Mortgage Trust, Series 2017-2, Class A4, 3.00%, 5/25/47, Callable 8/25/35 @ 100*(a)(b)  353,293 
 8,966  Lehman Mortgage Trust, Series 2005-3, Class 1A3, 5.50%, 1/25/36, Callable 6/25/23 @ 100*  4,624 
 1,343,333  NewRez Warehouse Securitization Trust, Series 2021-1, Class D, 6.54% (US0001M + 140 bps), 5/25/55, Callable 5/25/24 @ 100*(a)  1,322,638 

 

See notes to schedule of portfolio of investments.

 

-

 

 

Schedule of Portfolio InvestmentsLimited Duration Fund
May 31, 2023 (Unaudited)Continued

 

Shares or      
Principal      
Amount  Security Description Value 
     
Mortgage Backed Securities†, continued:    
Prime Fixed Mortgage Backed Securities, continued:    
$4,154  Residential Funding Mortgage Securities I, Series 2005-S7, Class A1, 5.50%, 11/25/35, Callable 6/25/23 @ 100* $3,355 
 11,709  Residential Funding Mortgage Securities I, Series 2003-S9, Class A1, 6.50%, 3/25/32, Callable 6/25/23 @ 100*  11,496 
 55,574  Structured Asset Mortgage Investments, Inc., Series 1999-2, Class 3A, 6.75%, 5/25/29, Callable 6/25/23 @ 100*  53,852 
       3,358,758 
Subprime Mortgage Backed Securities (1.3%)    
 68,205  Towd Point Mortgage Trust, Series 2017-1, Class A1, 2.75%, 10/25/56, Callable 1/25/30 @ 100*(a)(b)  67,067 
 121,178  Towd Point Mortgage Trust, Series 2017-2, Class A1, 2.75%, 4/25/57, Callable 4/25/26 @ 100*(a)(b)  119,575 
 308,593  Towd Point Mortgage Trust, Series 2017-6, Class A1, 2.75%, 10/25/57, Callable 2/25/29 @ 100*(a)(b)  293,231 
       479,873 
U.S. Government Agency Mortgage Backed Securities (13.6%)    
 145,561  Fannie Mae, Series 2013-68, Class 10A1, 1.00%, 3/25/42  122,121 
 30,465  Fannie Mae, Series 2012-31, Class PA, 2.00%, 4/25/41  29,323 
 23,942  Fannie Mae, Series 2012-96, Class PD, 2.00%, 7/25/41  23,517 
 118,908  Fannie Mae, Series 2013-18, Class 10A1, 2.00%, 12/25/42  105,838 
 78,439  Fannie Mae, Series 2013-73, Class 10A1, 2.25%, 6/25/42  72,119 
 75,087  Fannie Mae, Series 2013-74, Class 10A1, 2.25%, 6/25/42(b)  70,769 
 58,218  Fannie Mae, Series 2011-118, Class 10A1, 3.00%,11/25/41  53,628 
 117,072  Fannie Mae, Series 2014-1, Class AB, 3.00%, 6/25/43  110,871 
 433,484  Fannie Mae, Series 2018-83, Class LC, 3.00%, 11/25/48  396,295 
 10,937  Fannie Mae, 3.67% (US0012M + 133 bps), 1/1/35, Pool #805386  10,726 
 538,375  Fannie Mae, Series 2003-W14, Class 2A, 4.26%, 1/25/43, Callable 6/25/23 @ 100*(b)  505,421 
 19,990  Fannie Mae, 4.29% (H15T1Y + 229 bps), 2/1/30, Pool #556998  19,686 
 413  Fannie Mae, 4.32% (H15T1Y + 222 bps), 6/1/32, Pool #725286  408 
 329,590  Fannie Mae, Series 2003-W16, Class AF5, 4.40%, 11/25/33, Callable 6/25/23 @ 100*(b)(c)  306,304 
 1,611  Fannie Mae, Series 2001-W4, Class AF6, 5.11%, 1/25/32, Callable 6/25/23 @ 100*(b)(c)  1,595 
 3,642  Fannie Mae, Series 2001-W2, Class AF6, 6.09%, 10/25/31, Callable 6/25/23 @ 100*(b)(c)  3,639 
 5,354  Fannie Mae, Series 2001-W1, Class AF6, 6.40%, 7/25/31, Callable 6/25/23 @ 100*(b)(c)  5,494 
 1,000  Fannie Mae, Series 1996-42, Class LL, 7.50%, 9/25/26  1,000 

 

Shares or
Principal
Amount
  Security Description Value 
    
Mortgage Backed Securities†, continued:   
U.S. Government Agency Mortgage Backed Securities, continued:   
$744,166  Fannie Mae Grantor Trust, Series 2003-T4, Class 2A5, 4.45%, 9/26/33, Callable 6/26/23 @ 100*(b)(c) $717,079 
 803,979  Fannie Mae REMIC Trust, Series 2004-W10, Class A6, 5.75%, 8/25/34, Callable 6/25/23 @ 100*  805,067 
 32,334  Freddie Mac, Series 4146, Class 10A1, 1.50%, 10/15/42  30,872 
 313,753  Freddie Mac, Series 4220, Class KC, 1.50%, 5/15/32  294,795 
 41,905  Freddie Mac, Series 3982, Class MD, 2.00%, 5/15/39  40,264 
 114,327  Freddie Mac, Series 4019, Class GB, 2.00%, 12/15/41  104,476 
 119,664  Freddie Mac, Series 4272, Class YG, 2.00%, 11/15/26  116,921 
 88,341  Freddie Mac, Series 3913, Class PC, 2.50%, 3/15/41  84,297 
 341,211  Freddie Mac, Series 4374, Class GA, 3.00%, 9/15/36  318,380 
 259,598  Freddie Mac, Series T-67, Class 1A1C, 3.89%, 3/25/36, Callable 6/25/23 @ 100*(b)  245,249 
 2,057  Freddie Mac, 4.00%, 9/1/33, Pool #N31025  1,998 
 2,651  Freddie Mac, 5.85% (US0006M + 152 bps), 4/1/36, Pool #1N0148  2,685 
 317,313  Government National Mortgage Assoc., Series 2013-69, 2.00%, 9/20/42  278,491 
 957  Government National Mortgage Assoc., 2.75% (H15T1Y + 150 bps), 12/20/27, Pool #80141  930 
 5,861  Government National Mortgage Assoc., 2.88% (H15T1Y + 150 bps), 5/20/34, Pool #80916  5,706 
 498  Government National Mortgage Assoc., 3.63% (H15T1Y + 150 bps), 1/20/25, Pool #8580  486 
 870  Government National Mortgage Assoc., 3.63% (H15T1Y + 150 bps), 1/20/25, Pool #8585  849 
 403  Government National Mortgage Assoc., 3.63% (H15T1Y + 150 bps), 3/20/26, Pool #8832  390 
 1,022  Government National Mortgage Assoc., 3.63% (H15T1Y + 150 bps), 3/20/29, Pool #80263  979 
 50  Government National Mortgage Assoc., 6.50%, 12/15/25, Pool #414856  51 
 9  Government National Mortgage Assoc., 7.00%, 4/20/24, Pool #1655  9 
 8  Government National Mortgage Assoc., 7.00%, 11/20/26, Pool #2320  8 
 16  Government National Mortgage Assoc., 7.50%, 3/15/24, Pool #376439  16 
   4,888,752 
Total Mortgage Backed Securities (Cost $11,323,861)  10,228,079 

 

Corporate Bonds (15.4%)     
Aerospace & Defense (2.6%)    
 920,000  Boeing Co. (The), 7.95%, 8/15/24  944,540 
Banks (3.1%)    
 1,057,740  Southtrust Bank/Georgia, 7.74%, 5/15/25  1,095,233 
Capital Markets (2.9%)    
 1,116,000  Goldman Sachs Group, Inc. (The), 1.30%, 11/15/24, Callable 8/15/23 @ 100*  1,046,345 
 2,000,000  Lehman Brothers Holdings, Inc., 6.00%, 7/19/12, MTN (d)  4,000 
       1,050,345 

 

See notes to schedule of portfolio of investments.

 

-

 

 

Schedule of Portfolio InvestmentsLimited Duration Fund
May 31, 2023 (Unaudited)Continued

 

Shares or      
Principal      
Amount  Security Description Value 
            
Corporate Bonds, continued:   
Financial Services (4.7%)    
$670,000  Athene Global Funding, 1.72%, 1/7/25 (a) $621,609 
 1,206,000  Western Union Co. (The), 1.35%, 3/15/26, Callable 2/15/26 @ 100 *  1,071,927 
       1,693,536 
Tobacco (2.1%)    
 806,000  BAT Capital Corp., 3.22%, 9/6/26, Callable 7/6/26 @ 100 *  753,876 
Total Corporate Bonds (Cost $7,044,973)  5,537,530 
     
Taxable Municipal Bonds (0.5%)    
Pennsylvania (0.5%)    
 190,000   Philadelphia Authority for Industrial Development Revenue, 3.96%, 4/15/26  185,533 
Total Taxable Municipal Bonds (Cost $189,839)  185,533 
     
U.S. Government Agency Securities (11.4%)    
Federal Farm Credit Banks    
 1,000,000  1.23%, 9/10/29, Callable 6/13/23 @ 100 *  829,047 
 475,000  5.11% (SOFR + 5 bps), 2/13/24  475,171 
 350,000  5.12% (SOFR + 6 bps), 10/8/24  349,711 
       1,653,929 
Federal Home Loan Banks    
 35,000  0.90%, 8/27/26, Callable 8/27/23 @ 100 *  31,217 
 250,000  1.00%, 3/29/29, Callable 6/29/23 @ 100 *(b)  214,695 
 370,000  1.25%, 6/30/25, Callable 6/30/23 @ 100 *(b)  348,560 
 252,500  1.25%, 2/19/30, Callable 8/19/23 @ 100 *  205,120 
 180,000  2.10%, 11/26/31, Callable 6/13/23 @ 100 *  148,805 
 249,000  3.63%, 7/26/24, Callable 7/26/23 @ 100 *  244,141 
 300,000  4.84%, 5/15/30, Callable 5/15/25 @ 100 *  297,363 
 350,000  5.18% (SOFR + 12 bps), 5/1/25  350,062 
 220,000  5.40%, 2/24/28, Callable 8/24/23 @ 100 *  217,144 
  2,057,107 
Federal Home Loan Mortgage Corporation     
 180,000  5.50%, 6/18/24, Callable 9/22/23 @ 100 *  179,944 
Federal National Mortgage Association    
 250,000  1.00%, 10/27/28, Callable 7/27/23 @ 100 *  211,212 
Total U.S. Government Agency Securities (Cost $4,321,515)  4,102,192 
     
U.S. Treasury Obligations (11.4%)    
U.S. Treasury Notes    
 730,000  1.50%, 2/15/30  635,813 
 400,000  3.88%, 12/31/27  400,703 
 942,000  4.13%, 9/30/27  951,457 
 2,161,000  4.25%, 9/30/24  2,142,935 
Total U.S. Treasury Obligations (Cost $4,149,488)  4,130,908 
     
Investment in Affiliates (8.0%)    
 2,875,015‌  Cavanal Hill Government Securities Money Market Fund, Select Shares, 4.93%(e)  2,875,015 
Total Investment in Affiliates (Cost $2,875,015)  2,875,015‌ 
         
Total Investments (Cost $39,817,381) — 99.5%  35,873,963‌ 
Other assets in excess of liabilities — 0.5%  173,139‌ 
Net Assets - 100.0% $36,047,102‌ 

 

(a)Represents a restricted security, purchased under Rule 144A, Section 4(2), which is exempt from registration under the Securities Act of 1933, as amended. The security has been deemed liquid according to the policies and procedures adopted by the Board of Trustees.
(b)The rate for certain asset-backed and mortgage-backed securities may vary based on factors relating to the pool of assets underlying the security. The rate presented is the rate in effect at May 31, 2023.
(c)Step Bond: Coupon rate is set for an initial period and then increased to a higher coupon rate at a specified date. The rate shown is the rate in effect at May 31, 2023.

 

See notes to schedule of portfolio of investments.

 

-

 

 

Schedule of Portfolio InvestmentsLimited Duration Fund
May 31, 2023 (Unaudited)Concluded

 

(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 May 31, 2023.
*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.

 

12MTA12 Month Treasury Average
H15T1Y1 Year Treasury Constant Maturity Rate
LIBORLondon Interbank Offered Rate
MTNMedium Term Note
REMICReal Estate Mortgage Investment Conduits
SOFRSecured Overnight Financing Rate
US0001M1 Month US Dollar LIBOR
US0006M6 Month US Dollar LIBOR
US0012M12 Month US Dollar LIBOR

 

See notes to schedule of portfolio of investments.

 

-

 

 

Schedule of Portfolio InvestmentsBond Fund
May 31, 2023 (Unaudited) 

 

Shares or
Principal
Amount
  Security Description Value 
     
Asset Backed Securities (11.7%)    
$825,000  Aligned Data Centers Issuer LLC, Series 2021-1A, Class A2, 1.94%, 8/15/46, Callable 8/15/24 @ 100*(a) $727,567‌ 
 16,405‌  Bear Stearns Asset Backed Securities, Inc., Series 2003-AC7, Class A1, 5.50%, 1/25/34, Callable 6/25/23 @ 100*(b)(c)  13,925‌ 
 423,234  BRE Grand Islander Timeshare Issuer LLC, Series 2019-A, Class B, 3.78%, 9/26/33, Callable 6/25/26 @ 100*(a)  397,928‌ 
 1,100,000  CoreVest American Finance Trust, Series 2021-2, Class B, 2.38%, 7/15/54, Callable 7/15/31 @ 100*(a)  881,958‌ 
 585,000‌  Dext ABS, Series 2023-1, Class A2, 5.99%, 3/15/32, Callable 5/15/27 @ 100*(a)  580,969‌ 
 1,249,018  Finance of America Structured Securities, Series 2023-S1, Class A1, 3.00%, 9/25/61(a)(b)  1,141,973‌ 
 1,490,000  Flexential Issuer, Series 2021-1A, Class A2, 3.25%, 11/27/51, Callable 11/25/25 @ 100*(a)  1,320,140‌ 
 1,500,000  Hi-Fi Music Ip Issuer II L.P, Series 2022-1A, Class A2, 3.94%, 2/1/62, Callable 8/1/23 @ 100*(a)  1,376,106‌ 
 658,125  Jack In The Box Funding LLC, Series 2022-1A, Class A2I, 3.45%, 2/26/52, Callable 2/25/25 @ 100*(a)  583,453‌ 
 928,477  Longtrain Leasing III LLC, Series 2015-1A, Class A2, 4.06%, 1/15/45, Callable 1/15/25 @ 100*(a)  880,591‌ 
 553,299  MVW LLC, Series 2019-2A, Class A, 2.22%, 10/20/38, Callable 3/20/26 @ 100*(a)  516,281‌ 
  RAAC Trust, Series 2004-SP1, Class AI4, 5.29%, 8/25/27, Callable 6/25/23 @ 100*(b)  –‌ 
 515,000  Sabey Data Center Issuer LLC, Series 2020-1, Class A2, 3.81%, 4/20/45, Callable 11/20/23 @ 100*(a)  490,427‌ 
 1,030,850  Sonic Capital LLC, Series 2020-1A, Class A2I, 3.85%, 1/20/50, Callable 1/20/24 @ 100*(a)  939,236‌ 
 667,969‌ Stack Infrastructure Issuer LLC, Series 2019-1A, Class A2, 4.54%, 2/25/44, Callable 6/25/23 @ 100*(a)  655,926‌ 
 15,578  Structured Asset Securities Corp., Series 2003-AL2, Class A, 3.36%, 1/25/31, Callable 6/25/23 @ 100*(a)  14,527‌ 
 639,850  Taco Bell Funding LLC, Series 2018-1A, Class A2II, 4.94%, 11/25/48, Callable 11/25/25 @ 100*(a)  607,686‌ 
 459,395  Triumph Rail Holdings LLC, Series 2021-2, Class A, 2.15%, 6/19/51, Callable 6/17/23 @ 100*(a)  400,399‌ 
 85,034  VR Funding LLC, Series 2020-1A, Class A, 2.79%, 11/15/50, Callable 11/15/23 @ 100*(a)  74,576‌ 
 1,089,000  Wendy's Funding LLC, Series 2019-1A, Class A2I, 3.78%, 6/15/49, Callable 3/15/24 @ 100*(a)  1,018,419‌ 
 621,485  Willis Engine Structured Trust III, Series 17, Class A, 4.69%, 8/15/42, Callable 7/15/27 @ 100*(a)(b)  558,951‌ 
 862,517  Willis Engine Structured Trust VI, Series 2021-A, Class A, 3.10%, 5/15/46, Callable 5/15/29 @ 100*(a)  686,857‌ 

 

Shares or
Principal
Amount
  Security Description Value 
    
Asset Backed Securities, continued:   
$520,725  ZAXBY'S Funding LLC, Series 2021-1A, Class A2, 3.24%, 7/30/51, Callable 7/30/25 @ 100*(a) $435,230 
Total Asset Backed Securities (Cost $15,787,227)  14,303,125 
     
Mortgage Backed Securities† (12.0%)    
Alt-A - Adjustable Rate Mortgage Backed Securities (0.0%^)    
 51,565  Bear Stearns Alternative-A Trust, Series 2006-6, Class 32A1, 3.77%, 11/25/36, Callable 4/25/24 @ 100*(b)  27,112 
 2,525  JPMorgan Alternative Loan Trust, Series 2006-S4, Class A6, 6.21%, 12/25/36, Callable 6/25/23 @ 100*(b)(c)  2,448 
  29,560 
Alt-A - Fixed Rate Mortgage Backed Securities (1.5%)    
 40,878  Alternative Loan Trust, Series 2005-46CB, Class A3, 5.50%, 10/25/35, Callable 6/25/23 @ 100*  29,499 
 6,166  Bank of America Alternative Loan Trust, Series 2006-4, Class CB1, 6.50%, 5/25/46, Callable 6/25/23 @ 100*  5,516 
 25,745  Chaseflex Trust, Series 2005-2, Class 1A1, 6.00%, 6/25/35, Callable 6/25/23 @ 100*  17,802 
 20,763  Chaseflex Trust, Series 2007-1, Class 1A3, 6.50%, 2/25/37, Callable 6/25/23 @ 100*  7,950 
 1,150,000  COMM Mortgage Trust, Series 2013-CR12, Class A4, 4.05%, 10/10/46, Callable 11/10/23 @ 100*  1,138,586 
 5,350  Countrywide Alternative Loan Trust, Series 2004- 22CB, Class 1A1, 6.00%, 10/25/34, Callable 6/25/23 @ 100*  5,292 
 21,075  Countrywide Alternative Loan Trust, Series 2006- 8T1, Class 1A4, 6.00%, 4/25/36, Callable 6/25/23 @ 100*  10,304 
 141,023  Countrywide Alternative Loan Trust, Series 2007- 9T1, Class 1A7, 6.00%, 5/25/37, Callable 6/25/23 @ 100*  73,043 
 170,788  Countrywide Alternative Loan Trust, Series 2006- 36T2, Class 2A4, 6.25%, 12/25/36, Callable 6/25/23 @ 100*  76,880 
 10,480  Master Alternative Loans Trust, Series 2005-3, Class 1A1, 5.50%, 4/25/35, Callable 8/25/25 @ 100*  9,568 
 33,863  Master Alternative Loans Trust, Series 2004-3, Class 3A1, 6.00%, 4/25/34, Callable 6/25/23 @100*  33,782 
 12,559  Master Alternative Loans Trust, Series 2004-6, Class 7A1, 6.00%, 7/25/34, Callable 6/25/23 @ 100*  12,084 
 12,907  Master Alternative Loans Trust, Series 2005-3, Class 7A1, 6.00%, 4/25/35, Callable 8/25/25 @100*  10,656 
 697  Master Alternative Loans Trust, Series 2003-7, Class 5A1, 6.25%, 11/25/33, Callable 6/25/23 @100*  716 
 5,202  Master Alternative Loans Trust, Series 2004-3, Class 2A1, 6.25%, 4/25/34, Callable 6/25/23 @100*  5,200 
 369,373  Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C11, Class A3, 3.96%, 8/15/46, Callable 8/15/23 @ 100*  368,341 
       1,805,219 

 

See notes to schedule of portfolio of investments.

 

-

 

 

Schedule of Portfolio InvestmentsBond Fund
May 31, 2023 (Unaudited)Continued

 

Shares or
Principal
Amount
  Security Description Value 
    
Mortgage Backed Securities†, continued:   
Prime Adjustable Rate Mortgage Backed Securities (1.6%)   
$401,848   GS Mortgage-Backed Securities Trust, Series 2021-GR2, Class A6, 2.50%, 2/25/52, Callable 7/25/40 @ 100*(a)(b)   $350,806 
 874,900  GS Mortgage-Backed Securities Trust, Series 2021-PJ7, Class A8, 2.50%, 1/25/52, Callable 4/25/45 @ 100*(a)(b)  757,199 
 3,529  JPMorgan Mortgage Trust, Series 2006-A4, Class 3A1, 4.06%, 6/25/36, Callable 6/25/23 @ 100*(b)  2,468 
 93,806  JPMorgan Mortgage Trust, Series 2005-A6, Class 2A4, 4.21%, 8/25/35, Callable 6/25/23 @ 100*(b)  87,109 
 7,688  Merrill Lynch Mortgage Investors Trust, Series 2004-HB1, Class A3, 4.97%, 4/25/29, Callable 6/25/23 @ 100*(b)  6,893 
 832,576  Starwood Mortgage Residential Trust, Series 2021-5, Class A1, 1.92%, 9/25/66, Callable 10/25/24 @ 100*(a)(b)  683,600 
 3,448  Structured Adjustable Rate Mortgage Loan Trust, Series 2006-5, Class 4A1, 4.22%, 6/25/36, Callable 6/25/23 @ 100*(b)  2,295 
       1,890,370 
Prime Fixed Mortgage Backed Securities (3.9%)    
 259,989  Arroyo Mortgage Trust, Series 2019-3, Class A1, 2.96%, 10/25/48, Callable 6/25/23 @ 100*(a) (b)  237,596 
 2,311  Chase Mortgage Finance Corp., Series 2002-S4, Class A23, 6.25%, 3/25/32, Callable 6/25/23 @ 100*  2,167 
 92,871  Chaseflex Trust, Series 2006-2, Class A5, 4.40%, 9/25/36, Callable 6/25/23 @ 100*(b)  82,088 
 1,217,794  CIM Trust, Series 2021-J2, Class A4, 2.50%, 4/25/51, Callable 6/25/44 @ 100*(a)(b)  1,055,485 
 13,976  Citigroup Mortgage Loan Trust, Inc., Series 2005- 1, Class 3A1, 6.50%, 4/25/35  13,687 
 1,000  Countrywide Home Loans, Series 2004-8, Class 1A3, 5.50%, 7/25/34, Callable 6/25/23 @ 100*  959 
 3,072  Countrywide Home Loans, Series 2004-18, Class A1, 6.00%, 10/25/34, Callable 6/25/23 @ 100*  2,959 
 2,956  Countrywide Home Loans, Series 2004-21, Class A10, 6.00%, 11/25/34, Callable 6/25/23 @ 100*  2,809 
 92,208  Credit Suisse First Boston Mortgage Securities Corp., Series 2005-9, Class 3A1, 6.00%, 10/25/35, Callable 6/25/23 @ 100*  30,571 
 97  First Nationwide Trust, Series 2001-3, Class 1A1, 6.75%,8/21/31  93 
 576  GMAC Mortgage Corp. Loan Trust, Series 2003- GH2, Class A4, 5.50%, 10/25/33, Callable 6/25/23 @ 100*(b)(c)  565 
 870,483  GS Mortgage-Backed Securities Trust 2022-Mm1, Series 2022-MM1, Class A8, 2.50%, 7/25/52, Callable 2/25/48 @ 100*(a)(b)  753,376 
 892,297  JPMorgan Mortgage Trust, Series 2019-6, Class A5, 3.50%, 12/25/49, Callable 1/25/24 @ 100*(a)(b)  814,582 
 12,076  JPMorgan Mortgage Trust, Series 2006-A2, Class 3A2, 4.17%, 4/25/36, Callable 6/25/23 @ 100*(b)  10,238 

 

Shares or
Principal
Amount
   Security Description   Value 
    
Mortgage Backed Securities†, continued:   
Prime Fixed Mortgage Backed Securities, continued:   
$16,436  JPMorgan Mortgage Trust, Series 2004-S2, Class 4A5, 6.00%, 11/25/34, Callable 6/25/23 @ 100* $14,904 
 821,912  Mello Mortgage Capital Acceptance Trust, Series 2021-MTG2, Class A10, 2.50%, 6/25/51, Callable 11/25/44 @ 100*(a)(b)  709,549 
 2,853  Nomura Asset Acceptance Corp., Series 2003-A1, Class A2, 6.00%, 5/25/33, Callable 6/25/23 @ 100*  2,802 
 80,323  RAAC, Series 2004-SP2, Class A22, 6.00%, 1/25/32, Callable 6/25/23 @ 100*  71,371 
 36,607  TBW Mortgage Backed Pass-Through Certificates, Series 2006-2, Class 7A1, 7.00%, 7/25/36, Callable 6/25/23 @ 100*  4,953 
 151,604  Washington Mutual Mortgage Pass-Through Certificates, Series 2005-3, Class 1CB5, 5.50%, 5/25/35, Callable 6/25/23 @ 100*  128,924 
 2,876  Washington Mutual Mortgage Pass-Through Certificates, Series 2004-CB1, Class 4A, 6.00%, 6/25/34, Callable 6/25/23 @ 100*  2,837 
 20,547  Washington Mutual Mortgage Pass-Through Certificates, Series 2004-RA1, Class 2A, 7.00%, 3/25/34, Callable 6/25/23 @ 100*  20,175 
 658,595  Wells Fargo Mortgage Backed Securities Trust, Series 2021-2, Class A3, 2.50%, 6/25/51, Callable 5/25/47 @ 100*(a)(b)  569,994 
 226,906  Wells Fargo Mortgage Backed Securities Trust, Series 2019-3, Class A1, 3.50%, 7/25/49, Callable 3/25/25 @ 100*(a)(b)  204,852 
 95,503  WinWater Mortgage Loan Trust, Series 2015-1, Class A1, 3.50%, 1/20/45, Callable 6/20/23 @ 100*(a)(b)  87,041 
       4,824,577 
Subprime Mortgage Backed Securities (0.4%)    
 188,241  Towd Point Mortgage Trust, Series 2017-6, Class A1, 2.75%, 10/25/57, Callable 2/25/29 @ 100*(a)(b)  178,871 
 74,170  Towd Point Mortgage Trust, Series 2018-1, Class A1, 3.00%, 1/25/58, Callable 7/25/28 @ 100*(a)(b)  71,785 
 211,173  Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25%, 3/25/58, Callable 6/25/28 @ 100*(a)(b)  201,910 
       452,566 
U.S. Government Agency Mortgage Backed Securities (4.6%)    
 783,133  Fannie Mae, Series 2021-52, Class JC, 1.25%, 7/25/51  653,432 
 222,546  Fannie Mae, Series 2012-111, Class EC, 2.00%, 12/25/41  201,530 
 105,050  Fannie Mae, Series 2013-23, Class AB, 2.00%, 2/25/43  94,199 
 365,854  Fannie Mae, Series 2020-54, Class TA, 2.00%, 5/25/43  335,506 
 125,924  Fannie Mae, Series 2012-30, Class CB, 2.25%, 10/25/41  115,821 
 145,688  Fannie Mae, Series 2, Class JD, 2.50%, 2/25/50.  122,471 
 86,157  Fannie Mae, Series 2010-100, Class LA, 2.50%, 7/25/40  79,883 
 145,871  Fannie Mae, Series 2012-111, Class QC, 2.50%, 5/25/42  133,906 

 

See notes to schedule of portfolio of investments.

 

-

 

 

Schedule of Portfolio InvestmentsBond Fund
May 31, 2023 (Unaudited)Continued

 

Shares or Principal
Amount
  Security Description  Value 
    
Mortgage Backed Securities†, continued:   
U.S. Government Agency Mortgage Backed Securities, continued:   
$37,368  Fannie Mae, Series 2014-61, Class P, 2.50%, 7/25/44 $34,278 
 187,373  Fannie Mae, Series 2014-33, Class PE, 3.00%, 4/25/43  178,264 
 202,127  Fannie Mae, Series 2015-59, Class LM, 3.00%, 7/25/45  186,988 
 332,584  Fannie Mae, Series 2018-M12, Class A1, 3.55%, 8/25/30  323,096 
 1,132,855  Fannie Mae, Series 2022-61, Class D, 4.00%, 6/25/44  1,097,511 
 7,318  Fannie Mae, 4.43% (H15T1Y + 231 bps), 12/1/27, Pool #422279  7,150 
 9,775  Fannie Mae, Series 2002-W11, Class AF5, 4.98%, 11/25/32, Callable 6/25/23 @ 100*(b) (c)  8,787 
 174  Fannie Mae, 5.00%, 8/1/33, Pool #730856  175 
 81  Fannie Mae, 5.00%, 7/1/35, Pool #832198  82 
 1,313,058  Fannie Mae, Series 2023-19, Class BA, 5.00%, 12/25/50  1,286,362 
 107  Fannie Mae, 5.50%, 2/1/33, Pool #683351  110 
 70  Fannie Mae, 5.50%, 9/1/34, Pool #725773  72 
 808  Fannie Mae, Series 1998-36, Class ZB, 6.00%, 7/18/28  817 
 18,025  Fannie Mae Whole Loan, Series 2003-W6, Class 6A, 3.87%, 8/25/42, Callable 6/25/23 @ 100*(b)  17,158 
 68,596  Freddie Mac, Series 4019, Class GB, 2.00%, 12/15/41  62,686 
 69,356  Freddie Mac, Series 4461, Class EA, 2.00%, 7/15/37  65,876 
 132,423  Freddie Mac, Series 3913, Class PC, 2.50%, 3/15/41  126,362 
 89,681  Freddie Mac, Series 3721, Class PE, 3.50%, 9/15/40  84,670 
 32,134  Freddie Mac, Series 3780, Class MK, 3.50%, 10/15/40  30,338 
 632  Freddie Mac, 5.13% (H15T1Y + 213 bps), 4/1/24, Pool #409624  625 
 163  Freddie Mac, Series 2610, Class VB, 5.50%, 7/15/24  162 
 180  Freddie Mac, 6.00%, 7/1/35, Pool #A36085  182 
 747  Freddie Mac, Series 2148, Class ZA, 6.00%, 4/15/29  755 
 492  Freddie Mac, 6.50%, 2/1/36, Pool #G08113  511 
 5,061  Freddie Mac, Series 2036, Class PD, 6.50%, 3/15/28  5,188 
 147,324  Government National Mortgage Assoc., Series 2013-69, 2.00%, 9/20/42  129,299 
 204,016  Government National Mortgage Assoc., Series 2009-94, Class KB, 3.00%, 9/16/39  194,357 
 80,777  Government National Mortgage Assoc., Series 2011-46, Class GJ, 3.25%, 1/16/41(b)  77,066 
 9,361  Government National Mortgage Assoc., Series 2009-93, Class HG, 4.00%, 9/16/39  9,135 
 15  Government National Mortgage Assoc., 7.00%, 9/15/23, Pool #347688  15 
 2,519  Government National Mortgage Assoc., 7.00%, 7/15/29, Pool #490215  2,554 
 235  Government National Mortgage Assoc., 7.50%, 11/15/23, Pool #354701  235 
       5,667,614 

 

Shares or Principal
Amount
  Security Description  Value 
    
Mortgage Backed Securities†, continued:   
U.S. Government Agency Mortgage Backed Securities, continued:   
Total Mortgage Backed Securities (Cost $16,052,703) $14,669,906 
Corporate Bonds (19.1%)    
Air Freight & Logistics (0.9%)    
$1,075,150  United Airlines Pass Through Trust, Series 2020- 1, Class A, 5.88%, 10/15/27  1,062,420 
Banks (3.3%)    
 2,475,000  Bank of America Corp., 3.31% (SOFR + 158 bps), 4/22/42, Callable 4/22/41 @ 100 *  1,852,680 
 1,350,000  JPMorgan Chase & Co., 2.52% (SOFR + 204 bps), 4/22/31, Callable 4/22/30 @ 100 *  1,146,017 
 1,350,000  Wells Fargo & Co., 3.07% (SOFR + 253 bps), 4/30/41, Callable 4/30/40 @ 100 *  983,731 
       3,982,428 
Beverages (0.6%)    
 800,000  PepsiCo, Inc., 2.75%, 3/19/30, Callable 12/19/29 @ 100*  724,006 
Capital Markets (1.2%)    
 1,600,000  Goldman Sachs Group, Inc., 3.50%, 11/16/26, Callable 11/16/25 @ 100 *  1,516,060 
Electric Utilities (0.8%)    
 1,000,000  Entergy Mississippi LLC, 3.25%, 12/1/27, Callable 9/1/27 @ 100 *  929,622 
Electrical Equipment (0.8%)    
 1,250,000  Emerson Electric Co., 2.20%, 12/21/31, Callable 9/21/31 @ 100*  1,036,954 
Financial Services (1.5%)    
 1,100,000  Jackson National Life Global Funding, 2.65%,6/21/24 (a)  1,059,304 
 770,000  Western Union Co. (The), 6.20%, 11/17/36  763,721 
  1,823,025 
Food Products (1.7%)    
 1,059,000  Conagra Brands, Inc., 4.60%, 11/1/25, Callable 9/1/25 @ 100*  1,050,264 
 320,000  Mars, Inc., 0.88%, 7/16/26, Callable 6/16/26 @ 100 *(a)  285,743 
 825,000  Mars, Inc., 3.20%, 4/1/30, Callable 1/1/30 @ 100 *(a)  755,407 
       2,091,414 
Health Care Providers & Services (2.2%)    
 1,000,000  Ascension Health, Series B, 2.53%, 11/15/29, Callable 8/15/29 @ 100 *  869,029 
 520,000  Montefiore Medical Center, 2.15%, 10/20/26, Callable 4/20/26 @ 100 *  469,561 
 1,425,000  Sutter Health, 3.70%, 8/15/28, Callable 5/15/28 @ 100*  1,343,440 
       2,682,030 
Household Durables (0.9%)    
 1,120,000  Harman International Industries, Inc., 4.15%, 5/15/25, Callable 2/15/25 @ 100 *  1,093,538 
Interactive Media & Services (1.0%)    
 1,300,000  Meta Platforms, Inc., 3.85%, 8/15/32, Callable 5/15/32 @ 100*  1,206,443 
Oil, Gas & Consumable Fuels (0.7%)    
 900,000  Marathon Oil Corp., 4.40%, 7/15/27, Callable 4/15/27 @ 100*  866,668 
Passenger Airlines (0.8%)    
 1,049,258  Alaska Airlines 2020-1, 4.80%, 8/15/27 (a)  1,011,203 
Semiconductors & Semiconductor (1.8%)    
 2,178,000  Broadcom, Inc., 4.15%, 11/15/30, Callable 8/15/30 @ 100*  2,004,051 

 

See notes to schedule of portfolio of investments.

 

-

 

 

Schedule of Portfolio InvestmentsBond Fund
May 31, 2023 (Unaudited)Continued
  
Shares or
Principal
Amount
  Security Description  Value 
    
Corporate Bonds, continued:   
Semiconductors & Semiconductor, continued:   
$325,000  Intel Corp., 3.25%, 11/15/49, Callable 5/15/49 @ 100 * $221,633 
       2,225,684 
Specialized REITs (0.9%)    
 1,255,000  SBA Tower Trust, 1.88%, 1/15/26, Callable 1/15/25 @ 100 *(a)  1,133,425 
Total Corporate Bonds (Cost $26,956,098)  23,384,920 
         
Taxable Municipal Bonds (5.9%)    
Kentucky (0.6%)    
 750,000  Lexington-Fayette Urban County Airport Board Corp. Revenue, 2.84%, 7/1/31  670,837 
Michigan (0.1%)    
 190,000  Michigan State Housing Development Authority Revenue, Series B, 2.72%, 10/1/35, Continuously Callable @100  173,136 
Oklahoma (2.0%)    
 500,000  Grand River Dam Authority Revenue, Series B, 4.55%, 6/1/39, Continuously Callable @100  468,964 
 450,000  The University of Oklahoma Revenue, Series C, 2.45%, 7/1/32, Continuously Callable @100  374,275 
 1,650,000  University of Oklahoma Health Sciences Center General Revenue, Series A, 3.87%, 7/1/32, Continuously Callable @100  1,555,173 
       2,398,412 
Pennsylvania (0.9%)    
 1,110,000  City of Bethlehem, GO, Series C, 5.15%, 11/1/34, Pre-refunded 11/1/24 @ 100, AGM  1,107,837 
Texas (2.3%)    
 1,000,000  Arlington Independent School District, GO, 5.00%, 2/15/26, PSF-GTD  1,011,524 
 1,000,000  Arlington Independent School District, GO, 5.00%, 2/15/27, PSF-GTD  1,021,120 
 785,000  Texas Transportation Commission State Highway Fund Revenue, 5.18%, 4/1/30  807,744 
       2,840,388 
Total Taxable Municipal Bonds (Cost $7,871,987)  7,190,610 
     
U.S. Government Agency Securities (12.6%)    
Federal Farm Credit Banks    
 1,000,000   1.32%, 9/9/30, Callable 6/13/23 @ 100 *  804,470 

 

Shares or
Principal
Amount
  Security Description  Value 
    
U.S. Government Agency Securities, continued:   
Federal Farm Credit Banks, continued:   
$1,625,000  2.00%, 9/27/33, Callable 6/13/23 @ 100 * $1,292,765 
 1,565,000  2.13%, 4/19/34, Callable 6/13/23 @ 100 *  1,233,814 
 1,408,000  2.15%, 3/7/36, Callable 6/13/23 @ 100 *  1,062,332 
 1,350,000  2.23%, 3/12/35, Callable 6/13/23 @ 100 *  1,050,711 
 1,150,000  2.32%, 1/26/32, Callable 6/13/23 @ 100 *  962,700 
 1,220,000  2.75%, 2/2/37, Callable 6/13/23 @ 100 *  970,583 
       7,377,375 
Federal Home Loan Banks    
 1,100,000  1.00%, 10/29/29, Callable 7/29/23 @ 100 *(b)  957,528 
 1,000,000  1.00%, 2/11/36, Callable 8/11/23 @ 100 *(b)  744,429 
 1,345,000  1.25%, 10/8/30, Callable 6/13/23 @ 100 *  1,077,256 
 3,000,000  1.25%, 3/24/33, Callable 6/24/23 @ 100 *(b)  2,449,367 
 1,170,000  1.50%, 2/25/36, Callable 8/25/23 @ 100 *(b)  869,729 
       6,098,309 
Federal Home Loan Mortgage Corporation    
 862,113  Series 4893, 2.50%, 5/15/49  760,271 
Federal National Mortgage Association    
 822,096  Series 2018-94, 3.50%, 1/25/49  771,013 
 460,074  Series 2022-35, 4.00%, 3/25/47  442,977 
       1,213,990 
Total U.S. Government Agency Securities (Cost $16,785,130)  15,449,945 
     
U.S. Treasury Obligations (33.1%)    
U.S. Treasury Bonds    
 5,704,000  1.75%,8/15/41  4,017,755 
 14,755,000  3.13%,8/15/44  12,816,677 
       16,834,432 
U.S. Treasury Notes    
 3,915,000  3.13%,8/31/29  3,779,351 
 8,156,000  4.13%,9/30/27  8,237,879 
 8,894,000  4.13%,11/15/32  9,220,577 
 2,395,000  4.25%,9/30/24  2,374,979 
       23,612,786 
Total U.S. Treasury Obligations (Cost $41,252,748)  40,447,218 
     
Investment in Affiliates (6.3%)    
7,764,880  Cavanal Hill Government Securities Money Market Fund, Select Shares, 4.93%(d)  7,764,880 
Total Investment in Affiliates (Cost $7,764,880)  7,764,880 
     
Total Investments (Cost $132,470,773) — 100.7%  123,210,604 
Liabilities in excess of other assets — (0.7)%  (811,196)
Net Assets - 100.0% $122,399,408 

 

    
     

(a)Represents a restricted security, purchased under Rule 144A, Section 4(2), which is exempt from registration under the Securities Act of 1933, as amended. The security has been deemed liquid according to the policies and procedures adopted by the Board of Trustees.
(b)The rate for certain asset-backed and mortgage-backed securities may vary based on factors relating to the pool of assets underlying the security. The rate presented is the rate in effect at May 31, 2023.
(c)Step Bond: Coupon rate is set for an initial period and then increased to a higher coupon rate at a specified date. The rate shown is the rate in effect at May 31, 2023.

(d)Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at May 31, 2023.

*Represents next call date. Additional subsequent call dates and amounts may apply to this security.

^Represents less than 0.05%.

Mortgage backed securities are classified based on the characteristics of their underlying collateral, the fixed vs. variable nature of the obligations, and the credit standing of the mortgagors. The fixed or variable rate nature of securities interest payments to which the fund is entitled may not coincide with the payment nature of the collateral underlying the securities.

 

 

 

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

 

AGMAssured Guaranty Municipal Corporation

GOGeneral Obligation

 

See notes to schedule of portfolio of investments.

 

 

-

 

 

Schedule of Portfolio InvestmentsBond Fund
May 31, 2023 (Unaudited)Concluded
   

 

H15T1Y1 Year Treasury Constant Maturity Rate
PSF-GTDPublic School Fund Guaranteed
SOFRSecured Overnight Financing Rate

 

See notes to schedule of portfolio of investments.

 

-

 

 

Schedule of Portfolio InvestmentsModerate Duration Fund
May 31, 2023 (Unaudited) 
  

 

Shares or      
Principal      
Amount  Security Description Value 
       
Asset Backed Securities (12.8%)   
$280,000  Flexential Issuer, Series 2021-1A, Class A2, 3.25%, 11/27/51, Callable 11/25/25 @ 100*(a) $248,080‌ 
 250,000  Hi-Fi Music Ip Issuer II L.P, Series 2022-1A, Class A2, 3.94%, 2/1/62, Callable 8/1/23 @ 100*(a)  229,351‌ 
 286,807‌  Longtrain Leasing III LLC, Series 2015-1A, Class A2, 4.06%, 1/15/45, Callable 1/15/25 @ 100*(a)  272,015‌ 
 125,688‌  MVW LLC, Series 2019-2A, Class A, 2.22%, 10/20/38, Callable 3/20/26 @ 100*(a)  117,279‌ 
 250,000‌  Sabey Data Center Issuer LLC, Series 2020-1, Class A2, 3.81%, 4/20/45, Callable 11/20/23 @ 100*(a)  238,071‌ 
 300,000‌  Vantage Data Centers LLC, Series 2020-1A, Class A2, 1.65%, 9/15/45, Callable 9/15/23 @ 100*(a)  269,722‌ 
 217,687‌  VR Funding LLC, Series 2020-1A, Class A, 2.79%, 11/15/50, Callable 11/15/23 @ 100*(a)  190,915‌ 
 226,875‌  Wendy's Funding LLC, Series 2019-1A, Class A2I, 3.78%, 6/15/49, Callable 3/15/24 @ 100*(a)  212,171‌ 
 143,753‌  Willis Engine Structured Trust VI, Series 2021-A, Class A, 3.10%, 5/15/46, Callable 5/15/29 @ 100*(a)  114,476‌ 
Total Asset Backed Securities (Cost $2,095,115)  1,892,080‌ 
Mortgage Backed Securities† (13.8%)    
Alt-A - Fixed Rate Mortgage Backed Securities (2.5%)    
 42,908‌  Chaseflex Trust, Series 2005-2, Class 1A1, 6.00%, 6/25/35, Callable 6/25/23 @ 100*  29,669‌ 
 150,000‌  COMM Mortgage Trust, Series 2013-CR12, Class A4, 4.05%, 10/10/46, Callable 11/10/23 @ 100*  148,511‌ 
 2,480‌  Countrywide Alternative Loan Trust, Series 2005- 3CB, Class 1A4, 5.25%, 3/25/35, Callable 6/25/23 @ 100*  2,161‌ 
 7,475‌  Countrywide Alternative Loan Trust, Series 2004- 5CB, Class 1A1, 6.00%, 5/25/34, Callable 6/25/23 @ 100*  7,424‌ 
 61,143‌  Countrywide Alternative Loan Trust, Series 2006-J8, Class A2, 6.00%, 2/25/37, Callable 6/25/23 @ 100*  27,833‌ 
 6,379‌  Master Alternative Loans Trust, Series 2004-1, Class 4A1, 5.50%, 2/25/34, Callable 6/25/23 @ 100*  6,198‌ 
 3,767‌  Master Alternative Loans Trust, Series 2004-13, Class 12A1, 5.50%, 12/25/19, Callable 6/25/23 @ 100*  2,827‌ 
 6,406‌  Master Alternative Loans Trust, Series 2004-4, Class 1A1, 5.50%, 5/25/34, Callable 6/25/23 @ 100*  6,158‌ 
 145‌  Master Alternative Loans Trust, Series 2005-1, Class 5A1, 5.50%, 1/25/20, Callable 6/25/23 @ 100*  129‌ 
 12,559‌  Master Alternative Loans Trust, Series 2004-6, Class 7A1, 6.00%, 7/25/34, Callable 6/25/23 @ 100*  12,084‌ 
 6,314‌  Master Alternative Loans Trust, Series 2003-7, Class 6A1, 6.50%, 12/25/33, Callable 6/25/23 @ 100*  6,528‌ 

 

Shares or      
Principal      
Amount  Security Description Value 
       
Mortgage Backed Securities†, continued:   
Alt-A - Fixed Rate Mortgage Backed Securities, continued:   
$10,958  Master Alternative Loans Trust, Series 2004-4, Class 8A1, 6.50%, 5/25/34, Callable 6/25/23 @ 100* $10,811‌ 
 19,370‌  Master Alternative Loans Trust, Series 2004-6, Class 6A1, 6.50%, 7/25/34, Callable 6/25/23 @ 100*  19,125‌ 
 318  Nomura Asset Acceptance Corp., Series 2005- WF1, Class 2A5, 5.66%, 3/25/35, Callable 6/25/23 @ 100*(b)(c)  311‌ 
 31,301‌  Ocwen Residential MBS Corp., Series 1998-R1, Class B1, 2.89%, 10/25/40, Callable 6/25/23 @ 100*(a)(b)  19,462‌ 
 20,296‌  Residential Accredit Loans, Inc., Series 2006- QS12, Class 1A2, 6.50%, 9/25/36, Callable 6/25/23 @ 100*  10,124‌ 
 33,909‌  Residential Asset Securitization Trust, Series 2005-A14, Class A5, 5.50%, 12/25/35, Callable 6/25/23 @ 100*  17,149‌ 
 39,406‌  Residential Asset Securitization Trust, Series 2006-A8, Class 1A1, 6.00%, 8/25/36, Callable 6/25/23 @ 100*  26,557‌ 
 28,099‌  Washington Mutual Mortgage Pass-Through Certificates, Series 2005-6, Class 1CB, 6.50%, 8/25/35, Callable 6/25/23 @ 100*  25,159‌ 
       378,220‌ 
Prime Adjustable Rate Mortgage Backed Securities (2.0%)    
 4,087‌  Banc of America Funding Trust, Series 2004-B, Class 5A1, 4.10%, 11/20/34, Callable 6/20/23 @ 100*(b)  3,895‌ 
 2,568‌  Bear Stearns ARM Trust, Series 2004-9, Class 12A3, 3.95%, 11/25/34, Callable 6/25/23 @ 100*(b)  2,568‌ 
 857‌  Bear Stearns ARM Trust, Series 2003-7, Class 4A, 4.23%, 10/25/33, Callable 6/25/23 @ 100*(b)  863‌ 
 7,254‌  CHL Mortgage Pass-Through Trust, Series 2004-2, Class 2A1, 3.74%, 2/25/34, Callable 6/25/23 @ 100*(b)  5,991‌ 
 6,862‌  HomeBanc Mortgage Trust, Series 2006-1, Class 1A1, 3.75%, 4/25/37, Callable 6/25/23 @ 100*(b)  5,643‌ 
 13,006‌  JPMorgan Mortgage Trust, Series 2006-A6, Class 1A4L, 3.65%, 10/25/36, Callable 6/25/23 @ 100*(b)  9,751‌ 
 2,540‌  JPMorgan Mortgage Trust, Series 2006-A2, Class 2A1, 4.01% (US0003M + 101 bps), 4/25/36, Callable 6/25/23 @ 100*  2,181‌ 
 13,900‌  JPMorgan Mortgage Trust, Series 2005-A1, Class 3A4, 4.12%, 2/25/35, Callable 6/25/23 @ 100*(b)  13,051‌ 
 162,300‌  JPMorgan Mortgage Trust, Series 2005-A6, Class 3A3, 4.18%, 9/25/35, Callable 6/25/23 @ 100*(b)  147,009‌ 
 107,730‌  WinWater Mortgage Loan Trust, Series 2014-1, Class A1, 3.92%, 6/20/44, Callable 6/20/23 @ 100*(a)(b)  101,170‌ 
       292,122‌ 
Prime Fixed Mortgage Backed Securities (4.4%)    
 1,834  American Home Mortgage Investment Trust, Series 2005-2, Class 5A1, 5.56%, 9/25/35, Callable 6/25/23 @ 100*(b)(c)  1,561‌ 

 

See notes to schedule of portfolio of investments.

 

-

 

 

Schedule of Portfolio InvestmentsModerate Duration Fund
May 31, 2023 (Unaudited)Continued
  

 

Shares or      
Principal      
Amount  Security Description Value 
       
Mortgage Backed Securities†, continued:    
Prime Fixed Mortgage Backed Securities, continued:    
$58,668  Angel Oak Mortgage Trust, Series 2019-5, Class A1, 2.59%, 10/25/49, Callable 6/25/23 @ 100*(a)(b) $55,912‌ 
 11,973‌  Chase Mortgage Finance Corp., Series 2007-S2, Class 2A1, 5.50%, 3/25/37, Callable 6/25/23 @ 100*  1,068‌ 
 5,139‌  Citigroup Mortgage Loan Trust, Inc., Series 2005- 1, Class 3A1, 6.50%, 4/25/35  5,033‌ 
 4,875‌  Citigroup Mortgage Loan Trust, Inc., Series 2004- NCM1, Class 1A3, 6.75%, 7/25/34, Callable 6/25/23 @ 100*  4,776‌ 
 217‌  Countrywide Home Loans, Series 2004-J6, Class 1A2, 5.25%, 8/25/24, Callable 6/25/23 @ 100*  214‌ 
 5,915‌  Countrywide Home Loans, Series 2005-29, Class A1, 5.75%, 12/25/35, Callable 6/25/23 @ 100*  3,006‌ 
 3,978‌  Credit Suisse First Boston Mortgage Securities Corp., Series 2004-1, Class 4A1, 5.00%, 2/25/19, Callable 6/25/23 @ 100*  3,689‌ 
 9,911‌  Credit Suisse First Boston Mortgage Securities Corp., Series 2003-27, Class 8A1, 6.00%, 11/25/33, Callable 6/25/23 @ 100*  9,706‌ 
 208,211‌  Flagstar Mortgage Trust, Series 2021-4, Class A5, 2.50%, 6/1/51, Callable 4/25/47 @ 100*(a)(b)  179,940‌ 
 11,179‌  Galton Funding Mortgage Trust, Series 2017-1, Class A21, 3.50%, 7/25/56, Callable 8/25/31 @ 100*(a)(b)  10,265‌ 
 116,448‌  GS Mortgage-Backed Securities Corp. Trust, Series 2020-PJ3, Class A14, 3.00%, 10/25/50, Callable 11/25/27 @ 100*(a)(b)  98,580‌ 
 129,808‌  GSR Mortgage Loan Trust, Series 2004-13F, Class 2A1, 4.25%, 11/25/34, Callable 6/25/23 @ 100*  122,851‌ 
 69‌  GSR Mortgage Loan Trust, Series 2004-10F, Class 2A4, 5.00%, 8/25/19, Callable 6/25/23 @ 100*  69‌ 
 444‌  GSR Mortgage Loan Trust, Series 2003-2F, Class 3A1, 6.00%, 3/25/32, Callable 6/25/23 @ 100*  437‌ 
 905‌  Prime Mortgage Trust, Series 2004-CL1, Class 1A1, 6.00%, 2/25/34, Callable 6/25/23 @ 100*  865‌ 
 18,682‌  RAMP Trust, Series 2005-SL2, Class A3, 7.00%, 2/25/32, Callable 9/25/29 @ 100*  14,847‌ 
 6,896‌  Structured Asset Mortgage Investments, Inc., Series 1999-2, Class 3A, 6.75%, 5/25/29, Callable 6/25/23 @ 100*  6,682‌ 
 37‌  Structured Asset Securities Corp., Series 1997-2, Class 2A4, 7.25%, 3/28/30, Callable 6/28/23 @ 100*  37‌ 
 631‌  Washington Mutual Mortgage Pass-Through Certificates, Series 2003-S11, Class 1A, 5.00%, 11/25/33, Callable 6/25/23 @ 100*  597‌ 
 229‌  Washington Mutual Mortgage Pass-Through Certificates, Series 2004-RA1, Class 2A, 7.00%, 3/25/34, Callable 6/25/23 @ 100*  225‌ 
 148,184‌  Wells Fargo Mortgage Backed Securities Trust, Series 2021-2, Class A3, 2.50%, 6/25/51, Callable 5/25/47 @ 100*(a)(b)  128,249‌ 
       648,609‌ 

 

Shares or       
Principal       
Amount  Security Description  Value 
        
Mortgage Backed Securities†, continued:    
Subprime Mortgage Backed Securities (0.7%)    
$27,814‌  Towd Point Mortgage Trust, Series 2018-1, Class A1, 3.00%, 1/25/58, Callable 7/25/28 @ 100*(a)(b) $26,920‌ 
 74,532‌  Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25%, 3/25/58, Callable 6/25/28 @ 100*(a)(b)  71,262‌ 
       98,182‌ 
U.S. Government Agency Mortgage Backed Securities (4.2%)    
 51,558‌  Fannie Mae, Series 2010-100, Class LA, 2.50%, 7/25/40  47,804‌ 
 49,824‌  Fannie Mae, Series 2014-61, Class P, 2.50%, 7/25/44  45,704‌ 
 19,245‌  Fannie Mae, Series 2015-12, Class PC, 2.50%, 7/25/44  18,383‌ 
 100,711‌  Fannie Mae, Series 2015-59, Class LM, 3.00%, 7/25/45  93,168‌ 
 97,819‌  Fannie Mae, Series 2018-M12, Class A1, 3.55%, 8/25/30  95,028‌ 
 1,315‌  Fannie Mae, 3.88% (US0012M + 163 bps), 9/1/33, Pool #739372  1,290‌ 
 1,670‌  Fannie Mae, 4.11% (US0012M + 186 bps), 1/1/37, Pool #906675  1,637‌ 
 76‌  Fannie Mae, 6.00%, 4/1/35, Pool #735503  79‌ 
 468‌  Fannie Mae, Series 2001-55, Class PC, 6.50%, 10/25/31  480‌ 
 8,186‌  Fannie Mae, Series 2003-W2, Class 1A2, 7.00%, 7/25/42, Callable 6/25/23 @ 100*  8,573‌ 
 266‌  Fannie Mae, Series 2002-T1, Class A3, 7.50%, 11/25/31, Callable 6/25/23 @ 100*  278‌ 
 43,907‌  Freddie Mac, Series 4220, Class KC, 1.50%, 5/15/32  41,254‌ 
 27,561‌  Freddie Mac, Series 4076, Class QC, 2.00%, 11/15/41  26,067‌ 
 37,831‌  Freddie Mac, Series 4461, Class EA, 2.00%, 7/15/37  35,932‌ 
 159,122‌  Freddie Mac, Series 3908, Class B, 2.50%, 6/15/39  143,298‌ 
 5,109‌  Freddie Mac, 6.29% (H15T1Y + 225 bps), 8/1/34, Pool #755230  4,986‌ 
 111‌  Freddie Mac, Series 1714, Class K, 7.00%, 4/15/24, Callable 6/15/23 @ 100*  111‌ 
 387‌  Freddie Mac, Series 1904, Class D, 7.50%, 10/15/26, Callable 6/15/23 @ 100*  391‌ 
 67,996‌  Government National Mortgage Assoc., Series 2013-69, 2.00%, 9/20/42  59,677‌ 
 2,784‌  Government National Mortgage Assoc., 7.00%, 3/15/26, Pool #419128  2,774‌ 
 30‌  Government National Mortgage Assoc., 7.00%, 3/20/27, Pool #2394  30‌ 
 29‌  Government National Mortgage Assoc., 8.00%, 10/20/24, Pool #1884  29‌ 
 17‌  Government National Mortgage Assoc., 8.00%, 2/20/26, Pool #2171  17‌ 
 443‌  Government National Mortgage Assoc., 8.00%, 4/20/26, Pool #2205  445‌ 

 

See notes to schedule of portfolio of investments.

 

-

 

 

Schedule of Portfolio InvestmentsModerate Duration Fund
May 31, 2023 (Unaudited)Continued
  

 

Shares or      
Principal      
Amount  Security Description Value 
       
Mortgage Backed Securities†, continued:    
U.S. Government Agency Mortgage Backed Securities, continued:    
$1,724‌  Government National Mortgage Assoc., 8.00%, 5/20/26, Pool #2219 $1,739‌ 
       629,174‌ 
Total Mortgage Backed Securities (Cost $2,285,124)  2,046,307‌ 
Corporate Bonds (23.4%)    
Air Freight & Logistics (1.2%)    
 186,858‌  United Airlines Pass Through Trust, Series 2020- 1, Class A, 5.88%, 10/15/27  184,645‌ 
Banks (3.1%)    
 310,000‌  Bank of America Corp., 1.90% (SOFR + 153 bps), 7/23/31, Callable 7/23/30 @ 100 *  246,570‌ 
 250,000‌  Wells Fargo & Co., 2.88% (TSFR3M + 143 bps), 10/30/30, Callable 10/30/29 @ 100, MTN *  216,202‌ 
       462,772‌ 
Capital Markets (1.9%)    
 290,000‌  Goldman Sachs Group, Inc., 3.50%, 11/16/26, Callable 11/16/25 @ 100 *  274,786‌ 
Diversified Telecommunication Services (2.0%)    
 310,000‌  AT&T, Inc., 4.35%, 3/1/29, Callable 12/1/28 @ 100*  300,589‌ 
Electric Utilities (1.7%)    
 275,000‌  Entergy Mississippi LLC, 3.25%, 12/1/27, Callable 9/1/27 @ 100 *  255,646‌ 
Electrical Equipment (1.4%)    
 250,000‌  Emerson Electric Co., 2.20%, 12/21/31, Callable 9/21/31 @ 100*  207,391‌ 
Financial Services (2.0%)    
 300,000‌  Jackson National Life Global Funding, 2.65%, 6/21/24 (a)  288,901‌ 
Food Products (1.9%)    
 300,000‌  Mars, Inc., 3.20%, 4/1/30, Callable 1/1/30 @ 100 *(a)  274,693‌ 
Health Care Providers & Services (3.7%)    
 225,000‌  Ascension Health, Series B, 2.53%, 11/15/29, Callable 8/15/29 @ 100 *  195,532‌ 
 370,000‌  Sutter Health, 3.70%, 8/15/28, Callable 5/15/28 @ 100*  348,823‌ 
       544,355‌ 
Household Durables (2.6%)    
 400,000‌  Harman International Industries, Inc., 4.15%, 5/15/25, Callable 2/15/25 @ 100 *  390,550‌ 
Semiconductors & Semiconductor (1.9%)    
 301,000‌  Broadcom, Inc., 4.15%, 11/15/30, Callable 8/15/30 @ 100*  276,960‌ 
Total Corporate Bonds (Cost $3,916,026)  3,461,288‌ 

Taxable Municipal Bonds (8.4%) 
Arizona (1.6%) 
 250,000‌  City of Glendale Arizona, Certificate participation, 0.90%,7/1/24  237,333‌ 
Colorado (1.9%)    
 150,000  Colorado Housing and Finance Authority Revenue, Series I-1, Class I, 0.86%, 11/1/23, GNMA: GOV. NATL MTGE ASSOCIATION  146,986‌ 
 150,000  Colorado Housing and Finance Authority Revenue, Series I-1, Class I, 1.11%, 5/1/25, GNMA: GOV. NATL MTGE ASSOCIATION  138,896‌ 
       285,882‌ 

 

Shares or      
Principal      
Amount  Security Description Value 
       
Taxable Municipal Bonds, continued:   
New York (1.8%)   
$300,000‌  New York City Housing Development Corp. Revenue, Series L, 2.84%, 11/1/28, Continuously Callable @ 100 $267,984‌ 
Rhode Island (2.6%)    
 400,000‌  Rhode Island Convention Center Authority Revenue, 3.15%, 5/15/25  385,064‌ 
Wisconsin (0.5%)    
 65,000‌  Public Financial Authority Revenue, 4.45%, 10/1/25, Insured by: AGC(a)  64,385‌ 
Total Taxable Municipal Bonds (Cost $1,316,095)  1,240,648‌ 
U.S. Government Agency Securities (9.6%)    
Federal Farm Credit Banks    
 240,000‌  1.32%, 9/9/30, Callable 6/13/23 @ 100 *  193,073‌ 
 250,000‌  2.32%, 1/26/32, Callable 6/13/23 @ 100 *  209,283‌ 
       402,356‌ 
Federal Farm Credit Banks Funding Corp.    
 350,000‌  2.12%, 5/23/31, Callable 6/13/23 @ 100 *  293,604‌ 
Federal Home Loan Banks    
 250,000‌  0.88%, 8/16/28, Callable 8/16/23 @ 100 *(b)  220,104‌ 
 220,000‌  1.25%, 3/17/31, Callable 6/17/23 @ 100 *(b)  187,000‌ 
 200,000‌  1.38%, 10/28/31, Callable 7/28/23 @ 100 *(b)  165,753‌ 
       572,857‌ 
Federal Home Loan Mortgage Corporation    
 150,000‌  2.50%, 6/27/25, Callable 6/27/23 @ 100 *(b)(c)  147,389‌ 
Total U.S. Government Agency Securities (Cost $1,501,162)  1,416,206‌ 
U.S. Treasury Obligations (26.8%)    
U.S. Treasury Notes    
 350,000‌  3.13%,8/31/29  337,873‌ 
 795,000‌  4.13%,9/30/27  802,981‌ 
 643,000‌  4.13%,11/15/32  666,610‌ 
 2,181,000‌  4.25%,9/30/24  2,162,768‌ 
Total U.S. Treasury Obligations (Cost $3,986,672)  3,970,232‌ 
Investment in Affiliates (4.8%)    
 713,455‌  Cavanal Hill Government Securities Money Market Fund, Select Shares, 4.93%(d)  713,455‌ 
Total Investment in Affiliates (Cost $713,455)  713,455‌ 
Total Investments (Cost $15,813,649) — 99.6%  14,740,216‌ 
Other assets in excess of liabilities — 0.4%  66,140‌ 
Net Assets - 100.0% $14,806,356‌ 

 

See notes to schedule of portfolio of investments.

 

-

 

 

Schedule of Portfolio InvestmentsModerate Duration Fund
May 31, 2023 (Unaudited)Concluded
  

 

 

(a)Represents a restricted security, purchased under Rule 144A, Section 4(2), which is exempt from registration under the Securities Act of 1933, as amended. The security has been deemed liquid according to the policies and procedures adopted by the Board of Trustees.
(b)The rate for certain asset-backed and mortgage-backed securities may vary based on factors relating to the pool of assets underlying the security. The rate presented is the rate in effect at May 31, 2023.
(c)Step Bond: Coupon rate is set for an initial period and then increased to a higher coupon rate at a specified date. The rate shown is the rate in effect at May 31, 2023.
(d)Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at May 31, 2023.
*Represents next call date. Additional subsequent call dates and amounts may apply to this security.
Mortgage backed securities are classified based on the characteristics of their underlying collateral, the fixed vs. variable nature of the obligations, and the credit standing of the mortgagors. The fixed or variable rate nature of securities interest payments to which the fund is entitled may not coincide with the payment nature of the collateral underlying the securities.

 

AGCAssured Guaranty Corporation
GNMAGovernment National Mortgage Association
H15T1Y1 Year Treasury Constant Maturity Rate
LIBORLondon Interbank Offered Rate
MTNMedium Term Note
SOFRSecured Overnight Financing Rate
US0003M3 Month US Dollar LIBOR
US0012M12 Month US Dollar LIBOR

 

See notes to schedule of portfolio of investments.

 

-

 

 

Schedule of Portfolio InvestmentsOpportunistic Fund
May 31, 2023 (Unaudited) 

 

Shares or      
Principal      
Amount  Security Description Value 
       
Common Stocks (22.0%)    
Aerospace & Defense (0.3%)    
706  Raytheon Technologies Corp. $65,051 
Automobile Components (0.0%^)    
9  BorgWarner, Inc.  399 
29  Gentex Corp.  762 
116  Patrick Industries, Inc.  7,601 
      8,762 
Banks (0.0%^)    
21  JPMorgan Chase & Co.  2,850 
81  Pathward Financial, Inc.  3,559 
      6,409 
Beverages (1.0%)    
7  Coca-Cola Consolidated, Inc.  4,632 
41  Constellation Brands, Inc., Class A  9,962 
123  Monster Beverage Corp.(a)  7,210 
626  PepsiCo, Inc.  114,151 
1,674  The Coca-Cola Co.  99,871 
      235,826 
Biotechnology (0.6%)    
866  AbbVie, Inc.  119,474 
17  Alnylam Pharmaceuticals, Inc.(a)  3,145 
8  Biogen, Inc.(a)  2,371 
100  Exact Sciences Corp.(a)  8,158 
4  Neurocrine Biosciences, Inc.(a)  358 
30  Vertex Pharmaceuticals, Inc.(a)  9,707 
      143,213 
Broadline Retail (0.0%^)    
37  Amazon.com, Inc.(a)  4,461 
12  Dillard’s, Inc., Class A  3,304 
  7,765 
Building Products (0.0%^)    
11  Allegion PLC.  1,152 
3  Lennox International, Inc.  826 
46  Simpson Manufacturing Co, Inc.  5,437 
  7,415 
Capital Markets (0.6%)    
125  Artisan Partners Asset Management, Inc., Class A  4,000 
84  BlackRock, Inc.  55,234 
98  Federated Hermes, Inc.  3,374 
28  Intercontinental Exchange, Inc.  2,967 
814  Morgan Stanley  66,553 
1  MSCI, Inc.  471 
21  Nasdaq, Inc.  1,162 
52  PJT Partners, Inc., Class A  3,505 
34  The Bank of New York Mellon Corp.  1,367 
6  The Goldman Sachs Group, Inc.  1,943 
31  Virtu Financial, Inc., Class A  545 
40  Virtus Investment Partners, Inc.  7,631 
      148,752 
Chemicals (0.4%)    
204  AdvanSix, Inc.  6,712 
34  Axalta Coating Systems, Ltd.(a)  986 
14  CF Industries Holdings, Inc.  861 
24  Corteva, Inc.  1,284 
1,596  Dow, Inc.  77,853 
4  Eastman Chemical Co.  308 
12  Ecolab, Inc.  1,981 
93  Hawkins, Inc.  4,365 
108  Koppers Holdings, Inc.  3,128 
283  LSB Industries, Inc.(a)  2,632 
      100,110 

 

Shares or      
Principal      
Amount Security Description Value 
       
Common Stocks, continued:    
Commercial Services & Supplies (0.0%^)    
8  Cintas Corp. $3,777 
9  Republic Services, Inc.  1,275 
      5,052 
Communications Equipment (0.4%)    
58  Arista Networks, Inc.(a)  9,648 
1,675  Cisco Systems, Inc.  83,197 
6  F5, Inc.(a)  885 
2  Motorola Solutions, Inc.  564 
  94,294 
Construction & Engineering (0.0%^)    
16 MDU Resources Group, Inc.  467 
7  Quanta Services, Inc.  1,243 
118  Sterling Infrastructure, Inc.(a)  5,436 
      7,146 
Construction Materials (0.0%^)    
7  Vulcan Materials Co.  1,369 
Consumer Finance (0.1%)    
105  Bread Financial Holdings, Inc.  2,959 
25  Discover Financial Services  2,568 
161  Enova International, Inc.(a)  7,490 
19  OneMain Holdings, Inc.  719 
55  Synchrony Financial  1,703 
      15,439 
Consumer Staples Distribution & Retail (0.1%)    
65  Albertsons Cos., Inc., Class A  1,324 
7  Costco Wholesale Corp.  3,581 
81  Ingles Markets, Inc., Class A  6,502 
137  SpartanNash Co.  3,137 
  14,544 
Containers & Packaging (0.3%)    
40  Ball Corp.  2,046 
26  Berry Global Group, Inc.  1,488 
478  Packaging Corp. of America  59,286 
  62,820 
Diversified Consumer Services (0.0%^)    
5  Bright Horizons Family Solutions, Inc.(a)  428 
12  Grand Canyon Education, Inc.(a)  1,257 
      1,685 
Diversified Telecommunication Services (0.0%^)   
188  Echostar Corp., Class A(a)  2,965 
8  Frontier Communications Parent, Inc.(a)  119 
      3,084 
Electric Utilities (1.3%)    
1,108  American Electric Power Co., Inc.  92,097 
1,229  Duke Energy Corp.  109,737 
1,979  FirstEnergy Corp.  73,995 
48  MGE Energy, Inc.  3,444 
73  NextEra Energy, Inc.  5,363 
93  Otter Tail Corp.  6,902 
42  PPL Corp.  1,100 
7  Xcel Energy, Inc.  457 
      293,095 
Electrical Equipment (0.3%)    
10  Acuity Brands, Inc.  1,507 
33  Atkore, Inc.(a)  3,853 
759  Emerson Electric Co.  58,959 
25  Encore Wire Corp.  4,092 
9  Regal-Rexnord Corp.  1,169 
15  Rockwell Automation, Inc.  4,179 
      73,759 

  

See notes to schedule of portfolio of investments.

 

-

 

 

Schedule of Portfolio InvestmentsOpportunistic Fund
May 31, 2023 (Unaudited)Continued

 

Shares or     
Principal     
Amount Security Description Value 
      
Common Stocks, continued:    
Electronic Equipment, Instruments & Components (0.3%)    
107 Amphenol Corp., Class A $8,073 
15 CDW Corp.  2,575 
1,842 Corning, Inc.  56,752 
48 Keysight Technologies, Inc.(a)  7,767 
79 Sanmina Corp.(a)  4,190 
     79,357 
Energy Equipment & Services (0.2%)    
1,601 Baker Hughes Co.  43,627 
105 Schlumberger NV  4,497 
     48,124 
Entertainment (0.0%^)    
21 The Walt Disney Co.(a)  1,847 
Financial Services (0.1%)    
10 Berkshire Hathaway, Inc.,Class B(a)  3,211 
183 International Money Express, Inc.(a)  4,264 
9 Mastercard, Inc., Class A  3,285 
165 NMI Holdings, Inc., Class A(a)  4,150 
14 Voya Financial, Inc.  949 
     15,859 
Food Products (0.1%)    
66 Cal-Maine Foods, Inc.  3,138 
12 Ingredion, Inc.  1,255 
6 Kellogg Co.  401 
5 Lamb Weston Holdings, Inc.  556 
20 Lancaster Colony Corp.  3,932 
6 Post Holdings, Inc.(a)  510 
7 The J M Smucker Co.  1,026 
     10,818 
Gas Utilities (0.0%^)    
26 Chesapeake Utilities Corp.  3,320 
10National Fuel Gas Co.  509 
43 ONE Gas, Inc.  3,481 
     7,310 
Ground Transportation (0.1%)    
48 ArcBest Corp.  4,022 
9Old Dominion Freight Line, Inc.  2,794 
216 Uber Technologies, Inc.(a)  8,193 
12 Union Pacific Corp.  2,310 
     17,319 
Health Care Equipment & Supplies (0.5%)    
31 Abbott Laboratories  3,162 
36 Dexcom, Inc.(a)  4,221 
11 Hologic, Inc.(a)  868 
3 IDEXX Laboratories, Inc.(a)  1,394 
32 Inspire Medical Systems, Inc.(a)  9,360 
25 Insulet Corp.(a)  6,856 
17 Intuitive Surgical, Inc.(a)  5,233 
44 Lantheus Holdings, Inc.(a)  3,810 
806 Medtronic PLC.  66,705 
14 QuidelOrtho Corp.(a)  1,192 
65 STAAR Surgical Co.(a)  3,771 
11 Stryker Corp.  3,032 
1 Teleflex, Inc.  235 
     109,839 
Health Care Providers & Services (2.2%)    
85 AMN Healthcare Services, Inc.(a)  8,072 
1,052 Cardinal Health, Inc.  86,580 
2 Chemed Corp.  1,067 
4 Elevance Health, Inc.  1,791 
121 Fulgent Genetics, Inc.(a)  4,812 
1,000 McKesson Corp.  390,840 

 

Shares or     
Principal     
Amount Security Description Value 
      
Common Stocks, continued:    
Health Care Providers & Services, continued:    
84 National Research Corp. $3,772 
111 Option Care Health, Inc.(a)  3,058 
145 Select Medical Holdings Corp.  3,969 
43 The Ensign Group, Inc.  3,810 
  507,771 
Health Care REITs (0.0%^)    
45 Omega Healthcare Investors, Inc.  1,341 
Health Care Technology (0.0%^)    
129 Computer Programs & System, Inc.(a)  3,078 
19 Definitive Healthcare Corp.(a)  185 
70 Teladoc Health, Inc.(a)  1,621 
9 Veeva Systems, Inc., Class A(a)  1,491 
  6,375 
Hotels, Restaurants & Leisure (0.4%)    
35 Airbnb, Inc., Class A(a)  3,842 
3 Chipotle Mexican Grill, Inc.(a)  6,229 
2 Darden Restaurants, Inc.  317 
9 Domino's Pizza, Inc.  2,609 
226 Everi Holdings,Inc.(a)  3,141 
4 Expedia Group,Inc.(a)  383 
248 McDonald's Corp.  70,707 
22 Starbucks Corp.  2,148 
3 Vail Resorts, Inc.  730 
  90,106 
Household Durables (0.0%^)    
20 Lennar Corp., Class A  2,142 
Household Products (0.3%)    
34 Church & Dwight Co., Inc.  3,143 
5 The Clorox Co.