Schedule of Portfolio Investments | Limited 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 Investments | Limited 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 Investments | Limited 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 Investments | Limited 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 Investments | Limited 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 Investments | Limited 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.
12MTA | 12 Month Treasury Average |
H15T1Y | 1 Year Treasury Constant Maturity Rate |
LIBOR | London Interbank Offered Rate |
MTN | Medium Term Note |
REMIC | Real Estate Mortgage Investment Conduits |
SOFR | Secured Overnight Financing Rate |
US0001M | 1 Month US Dollar LIBOR |
US0006M | 6 Month US Dollar LIBOR |
US0012M | 12 Month US Dollar LIBOR |
See notes to schedule of portfolio of investments.
-
Schedule of Portfolio Investments | Bond 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 Investments | Bond 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 Investments | Bond 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 Investments | Bond 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.
AGM | Assured Guaranty Municipal Corporation |
GO | General Obligation |
See notes to schedule of portfolio of investments.
-
Schedule of Portfolio Investments | Bond Fund | |
May 31, 2023 (Unaudited) | Concluded | |
H15T1Y | 1 Year Treasury Constant Maturity Rate |
PSF-GTD | Public School Fund Guaranteed |
SOFR | Secured Overnight Financing Rate |
See notes to schedule of portfolio of investments.
-
Schedule of Portfolio Investments | Moderate 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 Investments | Moderate 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 Investments | Moderate 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 Investments | Moderate 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. |
AGC | Assured Guaranty Corporation |
GNMA | Government National Mortgage Association |
H15T1Y | 1 Year Treasury Constant Maturity Rate |
LIBOR | London Interbank Offered Rate |
MTN | Medium Term Note |
SOFR | Secured Overnight Financing Rate |
US0003M | 3 Month US Dollar LIBOR |
US0012M | 12 Month US Dollar LIBOR |
See notes to schedule of portfolio of investments.
-
Schedule of Portfolio Investments | Opportunistic 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 Investments | Opportunistic 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 | ||||
10 | National Fuel Gas Co. | 509 | ||||
43 | ONE Gas, Inc. | 3,481 | ||||
7,310 | ||||||
Ground Transportation (0.1%) | ||||||
48 | ArcBest Corp. | 4,022 | ||||
9 | Old 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. |