RiverNorth Core Opportunity Fund

SCHEDULE OF INVESTMENTS

June 30, 2023 (Unaudited)

Shares/Description			Value
CLOSED-END FUNDS - 77.30%
	179,087	AllianzGI Convertible & Income 2024 Target Term Fund	$	1,543,730
	16,664	Barings Global Short Duration High Yield Fund		217,299
	289,260	BlackRock Capital Allocation Term Trust		4,411,215
	282,861	BlackRock ESG Capital Allocation Term Trust		4,429,603
	29,722	BlackRock Health Sciences Term Trust		488,035
	73,949	Blackstone/GSO Senior Floating Rate Term Fund		948,026
	57,348	Calamos Long/Short Equity & Dynamic Income Trust		887,174
	120,371	Clough Global Equity Fund		751,115
	142,496	Clough Global Opportunities Fund		713,905
	110,321	First Trust Energy Infrastructure Fund		1,621,719
	127,622	First Trust High Yield Opportunities 2027 Term Fund		1,750,974
	317,904	First Trust New Opportunities MLP & Energy Fund		1,913,782
	52,950	Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.		248,336
	103,580	Nuveen Corporate Income 2023 Target Term Fund		968,473
	102,428	Nuveen Variable Rate Preferred & Income Fund		1,585,585
	97,571	Pershing Square Holdings Ltd.		3,532,070
	21,927	PGIM Global High Yield Fund, Inc.		240,539
	62,323	PIMCO Access Income Fund		919,264
	56,655	PIMCO Dynamic Income Fund		1,062,281
	158,440	PIMCO Dynamic Income Opportunities Fund		2,069,226
	85,475	Special Opportunities Fund, Inc.		959,030
	273,355	Virtus Total Return Fund, Inc.		1,661,998
	127,767	Western Asset High Income Opportunity Fund, Inc.		482,959
	169,861	Western Asset Inflation-Linked Opportunities & Income Fund		1,504,969

TOTAL CLOSED-END FUNDS
(Cost $35,430,558)				34,911,307

EXCHANGE TRADED FUNDS - 2.82%
	68,427	Invesco FTSE RAFI Emerging Markets Portfolio		1,275,479

TOTAL EXCHANGE TRADED FUNDS
(Cost $1,265,701)				1,275,479

PREFERRED STOCKS - 0.83%
	15,162	XAI Octagon Floating Rate Alternative Income Term Trust, Series 2026, 6.500%, 03/31/2026		375,106

TOTAL PREFERRED STOCKS
(Cost $378,878)				375,106

Shares/Principal Amount/Description			Rate			Maturity	Value
BUSINESS DEVELOPMENT COMPANY NOTES - 1.97%
United States - 1.97%
$	1,978	New Mountain Finance Corp.		5.75	%	08/15/2023		1,973
	977,764	PennantPark Floating Rate Capital, Ltd.		4.25	%	04/01/2026		887,469

TOTAL BUSINESS DEVELOPMENT COMPANY NOTES
(Cost $980,937)								889,442

Principal Amount/Description			Rate			Maturity	Value
U.S. CORPORATE BONDS - 2.62%
Investment Companies - 1.79%
$	164,009	Blackstone Private Credit Fund		3.25	%	03/15/2027	$	141,887
	495,561	Owl Rock Capital Corp.		3.40	%	07/15/2026		439,369
	249,936	OWL Rock Core Income Corp.		4.70	%	02/08/2027		227,018
								808,274
Private Equity - 0.83%
	437,712	Hercules Capital, Inc.		2.63	%	09/16/2026		374,932


TOTAL U.S. CORPORATE BONDS
(Cost $1,175,489)								1,183,206

U.S. GOVERNMENT BONDS AND NOTES - 5.03%
	1,338,000	U.S. Treasury Bonds		3.63	%	02/15/2053	$	1,284,480
	1,000,000	U.S. Treasury Notes		4.25	%	12/31/2024		986,172

TOTAL U.S. GOVERNMENT BONDS AND NOTES
(Cost $2,319,479)								2,270,652

Shares/Description						Value
Warrants - 0.02%
	12,899	AGBA Group Holding, Ltd., Strike Price 11.50, Expires 05/10/2024					774
	7,024	Ares Acquisition Corp., Strike Price 11.50, Expires 12/31/2027					5,619
	8,081	Churchill Capital Corp. VI, Strike Price 11.50, Expires 12/31/2027					1,455
	8,168	Churchill Capital Corp. VII, Strike Price 11.50, Expires 02/29/2028					1,143
	10,113	Jaws Mustang Acquisition Corp., Strike Price 11.50, Expires 01/30/2026					506
	5,303	Landcadia Holdings IV, Inc., Strike Price 11.50, Expires 12/31/2028					870

TOTAL WARRANTS
(Cost $51,423)							10,367

Short-Term Investments - 8.76%
Money Market Fund - 6.56%
	2,961,397	State Street Institutional Trust (7 Day Yield 5.00%)				$	2,961,397
U.S. Treasury - 2.20%
	1,000,000	United States Treasury Bill^(a)	0.00	%	08/17/2023	$	993,554

TOTAL SHORT-TERM INVESTMENTS
(Cost $3,955,130)							3,954,951


TOTAL INVESTMENTS - 99.35%
(Cost $45,557,595)						$	44,870,510
OTHER ASSETS IN EXCESS OF LIABILITIES - 0.65%						$	293,450
NET ASSETS - 100.00%						$	45,163,960

^(a)

Issued with a zero coupon. Income is recognized through the accretion of discount.

See Notes to Quarterly Schedule of Investments.

RiverNorth/DoubleLine Strategic Income Fund

SCHEDULE OF INVESTMENTS

June 30, 2023 (Unaudited)

Shares/Description		Value
CLOSED-END FUNDS - 18.45%
383,908	Barings Global Short Duration High Yield Fund	$	5,006,160
1,020,370	BlackRock Corporate High Yield Fund, Inc.		9,101,700
343,251	BlackRock Credit Allocation Income Trust		3,483,998
293,653	Blackstone Long-Short Credit Income Fund		3,330,025
936,107	Blackstone Strategic Credit 2027 Term Fund		10,231,650
166,245	Blackstone/GSO Senior Floating Rate Term Fund		2,131,261
727,540	BrandywineGLOBAL - Global Income Opportunities Fund, Inc.		5,849,422
195,166	Eaton Vance, Ltd. Duration Income Fund		1,826,754
695,542	First Trust High Yield Opportunities 2027 Term Fund		9,542,836
237,224	Invesco Dynamic Credit Opportunity Fund		2,614,208
462,855	Nuveen AMT-Free Quality Municipal Income Fund		5,059,005
149,291	Nuveen California Quality Municipal Income Fund		1,630,258
628,315	Nuveen Core Plus Impact Fund		6,264,301
1,915,110	Nuveen Credit Strategies Income Fund		9,671,305
111,735	Nuveen Dividend Advantage Municipal Fund 3		1,302,830
424,704	Nuveen Dividend Advantage Municipal Income Fund		4,969,037
79,886	Nuveen Municipal Value Fund, Inc.		695,008
3,897,059	Nuveen Preferred & Income Securities Fund		24,863,236
312,032	Nuveen Quality Municipal Income Fund		3,516,601
345,450	Nuveen Short Duration Credit Opportunities Fund		3,989,948
724,546	PGIM Global High Yield Fund, Inc.		7,948,270
195,953	PGIM High Yield Bond Fund, Inc.		2,433,736
464,325	PGIM Short Duration High Yield Opportunities Fund		6,913,799
233,127	PIMCO Access Income Fund		3,438,623
1,108,802	PIMCO Dynamic Income Fund		20,790,038
2,132,640	PIMCO High Income Fund		10,663,200
12,360	PIMCO Income Strategy Fund		101,228
1,166,284	PIMCO Income Strategy Fund II		8,408,908
341,265	Virtus AllianzGI Diversified Income & Convertible Fund^(a)		7,344,023
682,253	Western Asset Diversified Income Fund		9,189,948
1,698,344	Western Asset Emerging Markets Debt Fund, Inc.		14,639,725
3,200,944	Western Asset High Income Opportunity Fund, Inc.		12,099,568
1,821,513	Western Asset Inflation-Linked Opportunities & Income Fund		16,138,605

TOTAL CLOSED-END FUNDS
(Cost $260,356,929)			235,189,214

BUSINESS DEVELOPMENT COMPANIES - PREFERRED SHARES - 0.50%
49,593	Oxford Square Capital Corp., 6.250%, 04/30/2026		1,177,338
5,770,000	PennantPark Floating Rate Capital, Ltd., 4.250%, 04/01/2026^(b)		5,237,147

TOTAL BUSINESS DEVELOPMENT COMPANIES - PREFERRED SHARES
(Cost $6,980,597)			6,414,485

OPEN-END FUNDS - 2.53%
3,805,008	RiverNorth/Oaktree High Income Fund, Class I^(c)		32,266,465

TOTAL OPEN-END FUNDS
(Cost $36,567,645)			32,266,465

PREFERRED STOCKS - 0.52%
246,313	Crescent Capital BDC, Inc., 5.000%, 05/25/2026		5,845,007
32,069	Oxford Square Capital Corp., 6.500%, 03/30/2024		795,632

Shares/Description		Value
8,906	Riverbed Tech Pref A, 1.500%, 11/17/2028^(b)	$	0

TOTAL PREFERRED STOCKS
(Cost $7,148,165)			6,640,639

SPECIAL PURPOSE ACQUISITION COMPANIES - 1.06%
1,693,856	Barings BDC, Inc.		13,279,831
5,476	Bright Bidco Equity (Dr)^(b)		3,286
1,113	Intelsat Jackson Holdings SA, Series A^(b)		8,069
1,113	Intelsat Jackson Holdings SA, Series B^(b)		5,287
10,628	Intelsat SA/Luxembourg^(b)		244,444

TOTAL SPECIAL PURPOSE ACQUISITION COMPANIES
(Cost $18,252,088)			13,540,917

Principal Amount/Description			Rate			Maturity		Value
FOREIGN CORPORATE BONDS - 4.12%
Argentina - 0.08%
$	150,000	Pampa Energia SA^(d)		9.13	%		04/15/2029	$	143,390
	300,000	YPF SA		8.50	%		06/27/2029		255,720
	850,000	YPF SA		7.00	%		12/15/2047		578,782
									977,892
Australia - 0.32%
	1,000,000	APA Infrastructure, Ltd.^(d)		4.25	%		07/15/2027		953,491
	395,000	Australia & New Zealand Banking Group, Ltd.^(d)(e)		5Y US TI + 1.70%			11/25/2035		300,378
	265,000	Commonwealth Bank of Australia^(d)		4.32	%		01/10/2048		198,309
	845,000	Macquarie Group, Ltd.^(d)(e)		1D US SOFR + 1.532%			01/14/2033		675,662
	475,000	National Australia Bank, Ltd.^(d)		2.99	%		05/21/2031		379,057
	340,000	NBN Co., Ltd.^(d)		1.45	%		05/05/2026		305,924
	500,000	Sydney Airport Finance Co. Pty, Ltd.^(d)		3.38	%		04/30/2025		478,941
	500,000	Sydney Airport Finance Co. Pty, Ltd.^(d)		3.63	%		04/28/2026		475,182
	380,000	Westpac Banking Corp.^(e)		5Y US TI + 1.53%			11/18/2036		291,852
									4,058,796
Brazil - 0.11%
	1,100,000	BRF SA^(f)		5.75	%		09/21/2050		735,719
	176,852	Guara Norte Sarl^(f)		5.20	%		06/15/2034		155,060
	200,000	Nexa Resources SA^(f)		5.38	%		05/04/2027		186,810
	63,448	Oi SA^(d)(g)(h)		14.00% (0.00%)			09/07/2024		64,929
	950,000	Oi SA⁽ⁱ⁾		10.00% (4.00%)			07/27/2025		68,683
	700,000	Unigel Luxembourg SA^(f)		8.75	%		10/01/2026		230,125
									1,441,326
British Virgin Islands - 0.02%
	350,000	TSMC Global, Ltd.^(d)		1.25	%		04/23/2026		312,724

Canada - 0.41%
	13,000	1375209 BC, Ltd.^(d)		9.00	%		01/30/2028		13,048
	200,000	Aris Mining Corp.^(f)		6.88	%		08/09/2026		147,144
	400,000	Aris Mining Corp.^(f)		6.88	%		08/09/2026		294,288
	455,000	Bank of Montreal^(e)		3.80	%		12/15/2032		401,221
	585,000	Bank of Nova Scotia^(e)		5Y US TI + 2.05%			05/04/2037		504,652
	110,000	Bell Telephone Co. of Canada or Bell Canada		3.65	%		08/15/2052		83,538

Principal Amount/Description			Rate			Maturity	Value
$	265,000	CCL Industries, Inc.^(d)		3.05	%	06/01/2030	$	224,148
	245,000	CI Financial Corp.		4.10	%	06/15/2051		149,274
	275,000	Enbridge, Inc.		3.40	%	08/01/2051		192,146
	165,000	Garda World Security Corp.^(d)		6.00	%	06/01/2029		135,375
	600,000	Gran Tierra Energy, Inc.^(d)		7.75	%	05/23/2027		454,747
	400,000	Gran Tierra Energy, Inc.^(f)		7.75	%	05/23/2027		303,165
	50,000	Kronos Acquisition Holdings, Inc. / KIK Custom Products, Inc.^(d)		5.00	%	12/31/2026		45,804
	245,000	Kronos Acquisition Holdings, Inc. / KIK Custom Products, Inc.^(d)		7.00	%	12/31/2027		217,147
	140,000	Mattamy Group Corp.^(d)		4.63	%	03/01/2030		121,191
	155,000	Parkland Corp.^(d)		4.50	%	10/01/2029		134,617
	205,000	Superior Plus LP / Superior General Partner, Inc.^(d)		4.50	%	03/15/2029		179,900
	540,000	Telesat Canada / Telesat LLC^(d)		5.63	%	12/06/2026		333,736
	625,000	Toronto-Dominion Bank		4.69	%	09/15/2027		611,920
	750,000	TransCanada PipeLines, Ltd.		4.63	%	03/01/2034		687,641
								5,234,702
Cayman Islands - 0.16%
	900,000	Alpha Holding Escrow Shares^(a)(j)				Perpetual Maturity		0
	900,000	Alpha Holding Escrow Shares^(a)(j)				Perpetual Maturity		0
	200,000	Banco Mercantil del Norte SA/Grand Cayman^(a)(d)(e)		7.50	%	Perpetual Maturity		173,834
	200,000	Banco Mercantil del Norte SA/Grand Cayman^(a)(d)(e)		10Y US TI + 5.034%		Perpetual Maturity		154,800
	500,000	Banco Mercantil del Norte SA/Grand Cayman^(a)(e)(f)		10Y US TI + 5.034%		Perpetual Maturity		387,000
	200,000	Banco Mercantil del Norte SA/Grand Cayman^(a)(e)(f)		7.63	%	Perpetual Maturity		182,223
	136,993	Bioceanico Sovereign Certificate, Ltd.^(f)(k)		0.00	%	06/05/2034		95,865
	300,000	Cosan Overseas, Ltd.^(a)		8.25	%	Perpetual Maturity		298,550
	172,473	Global Aircraft Leasing Co., Ltd.^(d)(h)		6.50% (7.25%)		09/15/2024		158,078
	232,142	Interoceanica IV Finance, Ltd.^(k)		0.00	%	11/30/2025		215,312
	137,665	Lima Metro Line 2 Finance, Ltd.^(d)		5.88	%	07/05/2034		133,999
	180,000	Rutas 2 and 7 Finance, Ltd.^(f)(k)		0.00	%	09/30/2036		118,022
	166,563	Transocean Poseidon, Ltd.^(d)		6.88	%	02/01/2027		164,518
								2,082,201
Chile - 0.33%
	400,000	AES Andes SA^(d)(e)		6.35	%	10/07/2079		368,622
	300,000	AES Andes SA^(e)		7.13	%	03/26/2079		277,629
	400,000	AES Andes SA^(e)(f)		6.35	%	10/07/2079		368,622
	700,000	CAP SA^(f)		3.90	%	04/27/2031		510,195
	200,000	Chile Electricity PEC SpA^(f)(k)		0.00	%	01/25/2028		154,440
	900,000	Empresa de Transporte de Pasajeros Metro SA^(d)		5.00	%	01/25/2047		783,571
	300,400	Empresa Electrica Cochrane SpA^(f)		5.50	%	05/14/2027		277,772
	344,160	GNL Quintero SA^(f)		4.63	%	07/31/2029		334,957
	750,000	Transelec SA^(f)		3.88	%	01/12/2029		688,463
	1,050,000	VTR Finance NV^(f)		6.38	%	07/15/2028		404,217
								4,168,488
China - 0.01%
	200,000	Alibaba Group Holding, Ltd.		3.25	%	02/09/2061		123,873
	400,000	Ronshine China Holdings, Ltd.⁽ⁱ⁾		7.35	%	12/15/2023		18,746

Principal Amount/Description			Rate			Maturity	Value
$	600,000	Ronshine China Holdings, Ltd.		6.75	%	08/05/2024	$	36,212
								178,831
Colombia - 0.30%
	450,000	Banco Davivienda SA^(a)(d)(e)		10Y US TI + 5.10%		Perpetual Maturity		331,591
	750,000	Banco Davivienda SA^(a)(e)(f)		10Y US TI + 5.097%		Perpetual Maturity		552,651
	650,000	Banco GNB Sudameris SA^(d)(e)		5Y US TI + 6.66%		04/16/2031		534,196
	100,000	Banco GNB Sudameris SA^(e)(f)		5Y US TI + 4.56%		04/03/2027		94,452
	200,000	Banco GNB Sudameris SA^(e)(f)		5Y US TI + 6.66%		04/16/2031		164,368
	200,000	Bancolombia SA^(e)		4.63	%	12/18/2029		170,408
	950,000	Ecopetrol SA		5.88	%	05/28/2045		651,780
	1,020,000	Ecopetrol SA		5.88	%	11/02/2051		675,977
	400,000	Empresas Publicas de Medellin ESP^(f)		4.25	%	07/18/2029		315,214
	500,000	Empresas Publicas de Medellin ESP^(f)		4.38	%	02/15/2031		375,140
								3,865,777
Cyprus - 0.01%
	200,000	Interpipe Holdings PLC^(d)		8.38	%	05/13/2026		109,072

France - 0.07%
	730,000	BNP Paribas SA^(d)(e)		1D SOFR + 1.51%		01/13/2031		623,881
	340,000	BPCE SA^(d)		1.00	%	01/20/2026		302,802
								926,683
Great Britain - 0.25%
	655,000	HSBC Holdings PLC^(e)		3M US L + 1.38%		09/12/2026		659,655
	730,000	Lloyds Banking Group PLC^(e)		3M US L + 1.21%		11/07/2028		661,914
	400,000	MARB BondCo PLC^(f)		3.95	%	01/29/2031		286,644
	335,000	NatWest Markets PLC^(d)		0.80	%	08/12/2024		315,597
	444,000	Tullow Oil PLC^(d)		10.25	%	05/15/2026		337,884
	450,000	Vedanta Resources Finance II PLC^(d)		9.25	%	04/23/2026		334,400
	200,000	Vedanta Resources Finance II PLC^(f)		9.25	%	04/23/2026		148,622
	480,000	Weir Group PLC^(d)		2.20	%	05/13/2026		430,194
								3,174,910
Guatemala - 0.04%
	150,000	Banco Industrial SA/Guatemala^(e)		5Y US TI + 4.442%		01/29/2031		137,645
	400,000	CT Trust^(f)		5.13	%	02/03/2032		321,396
								459,041
Hong Kong - 0.01%
	200,000	RKP Overseas Finance, Ltd.^(a)		7.75	%	Perpetual Maturity		60,887
	400,000	RKP Overseas Finance, Ltd.^(a)		7.95	%	Perpetual Maturity		110,117
								171,004
India - 0.20%
	200,000	Adani Electricity Mumbai, Ltd.^(f)		3.95	%	02/12/2030		148,891
	200,000	Adani Electricity Mumbai, Ltd.^(f)		3.87	%	07/22/2031		141,385
	549,000	Adani International Container Terminal Pvt, Ltd.^(f)		3.00	%	02/16/2031		431,887
	200,000	Adani Ports & Special Economic Zone, Ltd.^(f)		4.38	%	07/03/2029		162,150
	500,000	Adani Ports & Special Economic Zone, Ltd.		3.10	%	02/02/2031		350,311
	1,000,000	Adani Ports & Special Economic Zone, Ltd.^(f)		5.00	%	08/02/2041		667,661

Principal Amount/Description			Rate			Maturity	Value
$	900,000	Vedanta Resources, Ltd.		6.13	%	08/09/2024	$	674,507
								2,576,792
Indonesia - 0.07%
	500,000	ABM Investama Tbk PT^(d)		9.50	%	08/05/2026		454,501
	595,000	Kawasan Industri Jababeka Tbk PT^(d)(l)		7.00	%	12/15/2027		399,033
								853,534
Ireland - 0.03%
	465,000	Avolon Holdings Funding, Ltd.^(d)		3.25	%	02/15/2027		414,701

Israel - 0.10%
	200,000	Bank Hapoalim BM^(d)(e)		5Y US TI + 2.155%		01/21/2032		171,946
	200,000	Bank Leumi Le-Israel BM^(d)(e)		5Y US TI + 1.631%		01/29/2031		179,228
	900,000	Israel Electric Corp., Ltd.^(d)		5.00	%	11/12/2024		890,865
								1,242,039
Jamaica - 0.00%(m)
	68,298	Digicel Group Holdings, Ltd.^(d)(h)		8.00% (8.00%)		04/01/2025		29,710

Japan - 0.05%
	710,000	Renesas Electronics Corp.^(d)		2.17	%	11/25/2026		625,005

Luxembourg - 0.25%
	470,000	Endo Luxembourg Finance Co. I SARL / Endo US, Inc.^(d)(i)		6.13	%	04/01/2029		348,268
	1,100,000	Intelsat Escrow Shares^(j)		0.00	%	Perpetual Maturity		0
	1,159,502	MC Brazil Downstream Trading SARL^(f)		7.25	%	06/30/2031		784,278
	180,000	Millicom International Cellular SA^(f)		6.63	%	10/15/2026		172,490
	270,000	Millicom International Cellular SA^(f)		6.25	%	03/25/2029		242,304
	700,000	Movida Europe SA^(f)		5.25	%	02/08/2031		569,170
	1,300,000	Simpar Europe SA^(f)		5.20	%	01/26/2031		1,033,184
								3,149,694
Mauritius - 0.07%
	200,000	UPL Corp., Ltd.		4.50	%	03/08/2028		179,508
	800,000	UPL Corp., Ltd.^(a)(e)		5Y US TI + 3.865%		Perpetual Maturity		663,240
								842,748
Mexico - 0.26%
	659,912	Alpha Holding SA de CV^(d)(i)		9.00	%	02/10/2025		9,074
	188,546	Alpha Holding SA de CV⁽ⁱ⁾		9.00	%	02/10/2025		2,592
	200,000	Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand^(e)(f)		5Y US TI + 2.995%		10/01/2028		199,750
	250,000	BBVA Bancomer SA^(e)(f)		5.13	%	01/18/2033		217,158
	800,000	Braskem Idesa SAPI^(d)		6.99	%	02/20/2032		518,950
	200,000	Braskem Idesa SAPI^(f)		6.99	%	02/20/2032		129,738
	200,000	Cemex SAB de CV^(a)(d)(e)		5Y US TI + 4.907%		Perpetual Maturity		202,799
	200,000	Cemex SAB de CV^(a)(e)(f)		5Y US TI + 4.534%		Perpetual Maturity		178,165
	500,000	Credito Real SAB de CV SOFOM ER^(f)(i)		9.50	%	02/07/2026		59,500
	600,000	Mexarrend SAPI de CV^(d)		10.25	%	07/24/2024		135,261
	200,000	Mexarrend SAPI de CV^(f)		10.25	%	07/24/2024		45,087
	600,000	Mexico City Airport Trust^(f)		5.50	%	07/31/2047		524,892
	700,000	Operadora de Servicios Mega SA de CV Sofom ER^(d)		8.25	%	02/11/2025		350,560

Principal Amount/Description			Rate			Maturity	Value
$	750,000	Petroleos Mexicanos		6.38	%	01/23/2045	$	461,399
	500,000	Petroleos Mexicanos		6.75	%	09/21/2047		314,437
	1,000,000	Unifin Financiera SAB de CV^(a)(e)(f)(i)		8.88	%	Perpetual Maturity		5,500
								3,354,862
Morocco - 0.07%
	1,200,000	OCP SA^(f)		5.13	%	06/23/2051		877,488

Netherlands - 0.25%
	300,000	Braskem Netherlands Finance BV^(e)(f)		5Y US TI + 8.22%		01/23/2081		306,282
	800,000	Coruripe Netherlands BV^(f)		10.00	%	02/10/2027		509,360
	200,000	Metinvest BV^(f)		7.75	%	10/17/2029		121,000
	1,400,000	Minejesa Capital BV		5.63	%	08/10/2037		1,100,592
	168,118	MV24 Capital BV^(f)		6.75	%	06/01/2034		151,876
	300,000	NGD Holdings BV		6.75	%	12/31/2026		220,500
	290,000	NXP BV / NXP Funding LLC / NXP USA, Inc.		3.88	%	06/18/2026		278,695
	200,000	Petrobras Global Finance BV		6.75	%	06/03/2050		179,957
	410,000	Petrobras Global Finance BV		5.50	%	06/10/2051		323,078
								3,191,340
Panama - 0.09%
	200,000	Empresa de Transmision Electrica SA^(f)		5.13	%	05/02/2049		162,715
	200,000	Global Bank Corp.^(e)(f)		3M US L + 3.30%		04/16/2029		181,767
	200,000	Multibank, Inc.^(d)		7.75	%	02/03/2028		202,517
	635,291	UEP Penonome II SA^(d)		6.50	%	10/01/2038		477,823
	181,512	UEP Penonome II SA^(f)		6.50	%	10/01/2038		136,521
								1,161,343
Paraguay - 0.07%
	150,000	Banco Continental SAECA^(f)		2.75	%	12/10/2025		135,700
	800,000	Frigorifico Concepcion SA^(d)		7.70	%	07/21/2028		624,101
	200,000	Frigorifico Concepcion SA^(f)		7.70	%	07/21/2028		156,025
								915,826
Peru - 0.17%
	100,000	Banco de Credito del Peru S.A.^(e)(f)		5Y US TI + 3.13%		07/01/2030		91,870
	200,000	Banco Internacional del Peru SAA Interbank^(e)		1Y US TI + 3.71%		07/08/2030		183,932
	300,000	Camposol SA^(d)		6.00	%	02/03/2027		207,315
	400,000	Camposol SA^(f)		6.00	%	02/03/2027		276,419
	200,000	Corp Financiera de Desarrollo SA^(e)(f)		5.605% - 3M US L		07/15/2029		194,418
	166,400	Hunt Oil Co. of Peru LLC Sucursal Del Peru^(f)		6.38	%	06/01/2028		160,160
	200,000	Petroleos del Peru SA^(f)		4.75	%	06/19/2032		153,118
	1,350,000	Petroleos del Peru SA^(f)		5.63	%	06/19/2047		872,010
								2,139,242
Singapore - 0.11%
	515,000	BOC Aviation, Ltd.^(d)(e)		3M US L + 1.13%		09/26/2023		515,022
	200,000	DBS Group Holdings, Ltd.^(e)		5Y US TI + 1.10%		03/10/2031		179,002
	200,000	Oversea-Chinese Banking Corp., Ltd.^(e)(f)		5Y US TI + 1.58%		09/10/2030		182,438
	230,000	Pfizer Investment Enterprises Pte, Ltd.		4.75	%	05/19/2033		229,223
	200,000	United Overseas Bank, Ltd.^(e)		5Y US TI + 1.75%		03/16/2031		178,045
	200,000	United Overseas Bank, Ltd.^(e)(f)		5Y US TI + 1.23%		10/14/2031		175,810
								1,459,540
Spain - 0.12%
	250,000	AI Candelaria Spain SA^(d)		5.75	%	06/15/2033		185,521

Principal Amount/Description			Rate			Maturity		Value
$	1,050,000	AI Candelaria Spain SA^(f)		5.75	%		06/15/2033	$	779,189
	800,000	EnfraGen Energia Sur SA / EnfraGen Spain SA / Prime Energia SpA^(f)		5.38	%		12/30/2030		520,600
									1,485,310
United Arab Emirates - 0.04%
	266,130	Galaxy Pipeline Assets Bidco, Ltd.^(d)		2.16	%		03/31/2034		226,622
	284,955	Galaxy Pipeline Assets Bidco, Ltd.^(f)		2.94	%		09/30/2040		229,304
									455,926
Vietnam - 0.05%
	750,000	Mong Duong Finance Holdings BV^(f)		5.13	%		05/07/2029		661,875

TOTAL FOREIGN CORPORATE BONDS
	(Cost $65,891,569)								52,598,422

U.S. CORPORATE BONDS - 8.73%
Advertising - 0.02%
	50,000	Clear Channel Outdoor Holdings, Inc.^(d)		7.50	%		06/01/2029		37,057
	225,000	Interpublic Group of Cos., Inc.		5.40	%		10/01/2048		210,348
									247,405
Aerospace/Defense - 0.08%
	330,000	Boeing Co.		2.95	%		02/01/2030		287,061
	215,000	Boeing Co.		3.75	%		02/01/2050		161,600
	350,000	Raytheon Technologies Corp.		3.03	%		03/15/2052		246,417
	280,000	Triumph Group, Inc.		7.75	%		08/15/2025		272,521
									967,599
Agriculture - 0.06%
	705,000	BAT Capital Corp.		3.46	%		09/06/2029		611,287
	321,693	Pyxus Holdings, Inc.^(d)		8.50	%		12/31/2027		196,233
									807,520
Airlines - 0.04%
	330,000	American Airlines, Inc./AAdvantage Loyalty IP, Ltd.^(d)		5.75	%		04/20/2029		320,720
	171,528	United Airlines 2016-1 Class B Pass Through Trust		3.65	%		01/07/2026		158,179
									478,899
Auto Manufacturers - 0.14%
	315,000	Ford Motor Co.		3.25	%		02/12/2032		248,095
	375,000	General Motors Financial Co., Inc.		2.40	%		10/15/2028		317,768
	360,000	General Motors Financial Co., Inc.		3.10	%		01/12/2032		291,353
	635,000	Hyundai Capital America^(d)		2.65	%		02/10/2025		602,152
	25,000	Hyundai Capital America^(d)		1.80	%		10/15/2025		22,815
	355,000	Volkswagen Group of America Finance LLC^(d)		4.25	%		11/13/2023		352,942
									1,835,125
Auto Parts & Equipment - 0.06%
	315,000	Dealer Tire LLC / DT Issuer LLC^(d)		8.00	%		02/01/2028		287,341
	120,000	Goodyear Tire & Rubber Co.		5.25	%		07/15/2031		104,379
	1,179,000	Wheel Pros, Inc.^(d)		6.50	%		05/15/2029		356,824
									748,544

Principal Amount/Description			Rate	Maturity		Value
Banks - 0.49%
$	175,000	Bank of America Corp.^(e)	1D US SOFR + 1.11%		04/25/2025	$	171,583
	230,000	Bank of America Corp.^(e)	1D US SOFR + 1.75%		07/22/2026		226,171
	270,000	Bank of America Corp.^(e)	1D US SOFR + 1.21%		10/20/2032		220,019
	680,000	Bank of America Corp.^(e)	5Y US TI + 2.48%		09/21/2036		520,530
	120,000	Citigroup, Inc.^(e)	1D US SOFR + 0.694%		01/25/2026		112,794
	120,000	Citigroup, Inc.^(e)	1D US SOFR + 1.28%		02/24/2028		110,497
	685,000	Goldman Sachs Group, Inc.^(e)	3M US L + 1.17%		05/15/2026		693,484
	230,000	Goldman Sachs Group, Inc.^(e)	1D US SOFR + 0.82%		09/10/2027		226,252
	210,000	JPMorgan Chase & Co.^(e)	1D US SOFR + 0.915%		02/24/2026		199,232
	85,000	JPMorgan Chase & Co.^(e)	1D US SOFR + 1.99%		07/25/2028		83,915
	295,000	JPMorgan Chase & Co.^(e)	1D SOFR + 1.02%		06/01/2029		253,223
	415,000	JPMorgan Chase & Co.^(e)	1D US SOFR + 2.04%		04/22/2031		351,253
	360,000	JPMorgan Chase & Co.^(e)	3M US SOFR + 1.25%		04/22/2032		299,150
	345,000	JPMorgan Chase & Co.^(e)	1D US SOFR + 1.26%		01/25/2033		290,747
	240,000	Morgan Stanley^(e)	1D US SOFR + 1.669%		07/17/2026		235,612
	260,000	Morgan Stanley^(e)	1D US SOFR + 1.61%		04/20/2028		249,982
	95,000	Morgan Stanley^(e)	1D US SOFR + 1.29%		01/21/2033		79,016
	705,000	Morgan Stanley^(e)	1D SOFR + 2.48%		09/16/2036		535,214
	135,000	Santander Holdings USA, Inc.^(e)	1D US SOFR + 1.249%		01/06/2028		116,721
	155,000	Santander Holdings USA, Inc.^(e)	1D US SOFR + 2.356%		03/09/2029		153,431
	265,000	Truist Financial Corp.^(e)	1D US SOFR + 1.435%		01/26/2029		254,882
	295,000	Wells Fargo & Co.^(e)	3M US SOFR + 1.43161%		06/17/2027		277,181
	275,000	Wells Fargo & Co.^(e)	1D US SOFR + 1.98%		07/25/2028		269,031
	290,000	Wells Fargo & Co.^(e)	1D US SOFR + 1.43%		10/30/2030		250,712
							6,180,632
Beverages - 0.10%
	675,000	Anheuser-Busch InBev Worldwide, Inc.	4.60%		04/15/2048		627,200
	50,000	Constellation Brands, Inc.	3.15%		08/01/2029		45,099
	290,000	Constellation Brands, Inc.	2.88%		05/01/2030		251,774
	170,000	PepsiCo, Inc.	3.60%		02/18/2028		163,742
	260,000	Triton Water Holdings, Inc.^(d)	6.25%		04/01/2029		223,408
							1,311,223
Biotechnology - 0.09%
	295,000	Amgen, Inc.	5.25%		03/02/2030		295,814
	255,000	Amgen, Inc.	5.75%		03/02/2063		258,884
	390,000	Royalty Pharma PLC	2.15%		09/02/2031		305,905
	395,000	Royalty Pharma PLC	3.30%		09/02/2040		281,505
							1,142,108

Principal Amount/Description			Rate			Maturity		Value
Building Materials - 0.05%
$	130,000	Builders FirstSource, Inc.^(d)		6.38	%		06/15/2032	$	129,301
	130,000	Griffon Corp.		5.75	%		03/01/2028		121,720
	315,000	Owens Corning		4.40	%		01/30/2048		260,662
	115,000	Standard Industries, Inc.^(d)		4.38	%		07/15/2030		99,705
									611,388
Chemicals - 0.08%
	455,000	ASP Unifrax Holdings, Inc.^(d)		7.50	%		09/30/2029		282,202
	310,000	CF Industries, Inc.		5.38	%		03/15/2044		282,762
	240,000	Illuminate Buyer LLC / Illuminate Holdings IV, Inc.^(d)		9.00	%		07/01/2028		209,463
	200,000	Sasol Financing USA LLC		5.50	%		03/18/2031		157,675
	125,000	WR Grace Holdings LLC^(d)		5.63	%		08/15/2029		102,531
									1,034,633
Coal - 0.01%
	180,000	SunCoke Energy, Inc.^(d)		4.88	%		06/30/2029		151,383

Commercial Services - 0.11%
	145,000	Allied Universal Holdco LLC / Allied Universal Finance Corp.^(d)		6.63	%		07/15/2026		137,784
	120,000	Allied Universal Holdco LLC / Allied Universal Finance Corp.^(d)		9.75	%		07/15/2027		106,247
	300,000	Global Payments, Inc.		4.95	%		08/15/2027		292,545
	200,000	Metis Merger Sub LLC^(d)		6.50	%		05/15/2029		172,753
	410,000	PECF USS Intermediate Holding III Corp.^(d)		8.00	%		11/15/2029		231,088
	125,000	Triton Container International, Ltd.^(d)		1.15	%		06/07/2024		118,567
	235,000	Triton Container International, Ltd. / TAL International Container Corp.		3.25	%		03/15/2032		184,391
	170,000	WASH Multifamily Acquisition, Inc.^(d)		5.75	%		04/15/2026		158,896
									1,402,271
Computers - 0.08%
	330,000	Fortinet, Inc.		1.00	%		03/15/2026		294,711
	230,000	Hewlett Packard Enterprise Co.		5.90	%		10/01/2024		230,155
	340,000	NetApp, Inc.		1.88	%		06/22/2025		316,078
	275,000	Virtusa Corp.^(d)		7.13	%		12/15/2028		224,212
									1,065,156
Containers and Packaging - 0.02%
	300,000	Packaging Corp. of America		3.40	%		12/15/2027		279,886

Distribution/Wholesale - 0.01%
	180,000	BCPE Empire Holdings, Inc.^(d)		7.63	%		05/01/2027		167,596

Diversified Financial Services - 0.25%
	195,000	Air Lease Corp.		1.88	%		08/15/2026		173,314
	835,000	Air Methods Corp.^(d)		8.00	%		05/15/2025		7,306
	600,000	American Express Co.		3.95	%		08/01/2025		582,621
	500,000	Aviation Capital Group LLC^(d)		1.95	%		09/20/2026		433,688
	855,000	BlackRock, Inc.		4.75	%		05/25/2033		840,822
	150,000	Capital One Financial Corp.^(e)		1D US SOFR + 2.16%			07/24/2026		145,445
	170,000	Nationstar Mortgage Holdings, Inc.^(d)		5.75	%		11/15/2031		139,825
	95,000	Navient Corp.		5.00	%		03/15/2027		85,075

Principal Amount/Description			Rate			Maturity		Value
$	170,000	OneMain Finance Corp.		6.63	%		01/15/2028	$	160,526
	215,000	PennyMac Financial Services, Inc.^(d)		4.25	%		02/15/2029		172,892
	510,000	Synchrony Financial		3.95	%		12/01/2027		444,875
									3,186,389
Electric - 0.54%
	55,000	AEP Transmission Co. LLC		5.40	%		03/15/2053		56,638
	290,000	DTE Energy Co.^(l)		4.22	%		11/01/2024		283,635
	625,000	DTE Energy Co.		4.88	%		06/01/2028		611,839
	80,000	Duke Energy Carolinas LLC		2.85	%		03/15/2032		68,059
	95,000	Duke Energy Corp.		4.30	%		03/15/2028		91,331
	400,000	Duke Energy Corp.		3.95	%		08/15/2047		311,263
	180,000	Entergy Corp.		2.80	%		06/15/2030		152,800
	185,000	Exelon Corp.		5.15	%		03/15/2028		184,263
	1,000,000	Exelon Corp.		4.05	%		04/15/2030		935,618
	130,000	Exelon Corp.		4.10	%		03/15/2052		105,027
	355,000	Georgia Power Co.		2.20	%		09/15/2024		339,447
	760,000	Georgia Power Co.		3.25	%		03/15/2051		536,830
	225,000	Monongahela Power Co.^(d)		5.40	%		12/15/2043		218,540
	275,000	NextEra Energy Capital Holdings, Inc.		4.26	%		09/01/2024		270,559
	750,000	NextEra Energy Capital Holdings, Inc.		2.25	%		06/01/2030		624,630
	125,000	Northern States Power Co.		5.10	%		05/15/2053		123,203
	215,000	NRG Energy, Inc.^(d)		2.00	%		12/02/2025		193,011
	130,000	NRG Energy, Inc.^(d)		3.63	%		02/15/2031		101,603
	220,000	Oncor Electric Delivery Co. LLC^(d)		4.95	%		09/15/2052		212,603
	320,000	Pacific Gas and Electric Co.		6.10	%		01/15/2029		315,094
	400,000	Pacific Gas and Electric Co.		2.50	%		02/01/2031		313,469
	320,000	Pike Corp.^(d)		5.50	%		09/01/2028		287,617
	85,000	San Diego Gas & Electric Co.		5.35	%		04/01/2053		84,397
	275,000	Southern Co.^(e)		5Y US TI + 2.915%			09/15/2051		234,713
	225,000	Southwestern Electric Power Co.		3.25	%		11/01/2051		151,320
	110,000	Virginia Electric and Power Co.		3.75	%		05/15/2027		105,424
									6,912,933
Electronics - 0.02%
	260,000	Arrow Electronics, Inc.		3.88	%		01/12/2028		240,086

Engineering & Construction - 0.04%
	265,000	Artera Services LLC^(d)		9.03	%		12/04/2025		232,246

	215,000	Jacobs Engineering Group, Inc.		5.90	%		03/01/2033		211,129
									443,375
Entertainment - 0.15%
	270,000	Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp.^(d)		4.88	%		05/01/2029		238,666
	535,000	Premier Entertainment Sub LLC / Premier Entertainment Finance Corp.^(d)		5.63	%		09/01/2029		405,760
	350,000	Premier Entertainment Sub LLC / Premier Entertainment Finance Corp.^(d)		5.88	%		09/01/2031		258,606
	265,000	Scientific Games Holdings LP/Scientific Games US FinCo, Inc.^(d)		6.63	%		03/01/2030		233,445
	135,000	Scientific Games International, Inc.^(d)		7.25	%		11/15/2029		135,290
	335,000	Warnermedia Holdings, Inc.		3.76	%		03/15/2027		312,611

Principal Amount/Description			Rate			Maturity		Value
$	320,000	Warnermedia Holdings, Inc.		4.05	%		03/15/2029	$	292,663
									1,877,041
Environmental Control - 0.01%
	120,000	Madison IAQ LLC^(d)		4.13	%		06/30/2028		105,773

Food - 0.09%
	300,000	JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc.^(f)		4.38	%		02/02/2052		210,704
	355,000	Kraft Heinz Foods Co.		4.38	%		06/01/2046		301,942
	31,000	Post Holdings, Inc.^(d)		4.63	%		04/15/2030		27,200
	569,000	Smithfield Foods, Inc.^(d)		4.25	%		02/01/2027		524,702
	110,000	United Natural Foods, Inc.^(d)		6.75	%		10/15/2028		91,314
									1,155,862
Food Service - 0.04%
	585,000	TKC Holdings, Inc.^(d)		10.50	%		05/15/2029		445,232

Hand/Machine Tools - 0.01%
	145,000	Regal Rexnord Corp.^(d)		6.05	%		02/15/2026		145,267

Healthcare-Products - 0.01%
	200,000	Medline Borrower LP^(d)		5.25	%		10/01/2029		173,746

Healthcare-Services - 0.24%
	530,000	Centene Corp.		2.50	%		03/01/2031		423,186
	95,000	CHS/Community Health Systems, Inc.^(d)		6.00	%		01/15/2029		80,021
	275,000	Elevance Health, Inc.		2.38	%		01/15/2025		261,539
	85,000	Elevance Health, Inc.		4.55	%		05/15/2052		76,030
	450,000	HCA, Inc.		5.38	%		02/01/2025		446,295
	310,000	HCA, Inc.		4.13	%		06/15/2029		287,030
	220,000	Health Care Service Corp. A Mutual Legal Reserve Co.^(d)		3.20	%		06/01/2050		156,105
	120,000	Legacy LifePoint Health LLC^(d)		4.38	%		02/15/2027		93,000
	155,000	ModivCare Escrow Issuer, Inc.^(d)		5.00	%		10/01/2029		114,847
	780,000	Radiology Partners, Inc.^(d)		9.25	%		02/01/2028		285,080
	90,000	RP Escrow Issuer LLC^(d)		5.25	%		12/15/2025		66,488
	100,000	Tenet Healthcare Corp.		6.25	%		02/01/2027		99,087
	220,000	Tenet Healthcare Corp.		6.13	%		06/15/2030		217,129
	370,000	UnitedHealth Group, Inc.		5.05	%		04/15/2053		368,042
	105,000	UnitedHealth Group, Inc.		4.95	%		05/15/2062		101,097
									3,074,976
Housewares - 0.04%
	830,000	SWF Escrow Issuer Corp.^(d)		6.50	%		10/01/2029		499,103

Insurance - 0.21%
	130,000	Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer^(d)		6.75	%		10/15/2027		122,386
	185,000	AmWINS Group, Inc.^(d)		4.88	%		06/30/2029		167,254
	605,000	Athene Global Funding^(d)(e)		SOFRINDX + 0.56%			08/19/2024		595,814
	230,000	Berkshire Hathaway Finance Corp.		2.85	%		10/15/2050		160,360
	130,000	Berkshire Hathaway Finance Corp.		3.85	%		03/15/2052		107,582
	150,000	Brighthouse Financial Global Funding^(d)		1.00	%		04/12/2024		144,295
	185,000	Brighthouse Financial Global Funding^(d)		2.00	%		06/28/2028		155,028
	105,000	GTCR AP Finance, Inc.^(d)		8.00	%		05/15/2027		103,051

Principal Amount/Description			Rate			Maturity		Value
$	60,000	HUB International, Ltd.^(d)		7.25	%		06/15/2030	$	62,011
	310,000	Massachusetts Mutual Life Insurance Co.^(d)		3.20	%		12/01/2061		200,493
	290,000	MetLife, Inc.		5.25	%		01/15/2054		280,962
	540,000	Willis North America, Inc.		4.50	%		09/15/2028		515,582
									2,614,818
Internet - 0.12%
	150,000	Expedia Group, Inc.		5.00	%		02/15/2026		147,966
	275,000	Expedia Group, Inc.		3.80	%		02/15/2028		257,433
	55,000	Expedia Group, Inc.		3.25	%		02/15/2030		47,912
	58,000	Expedia Group, Inc.		2.95	%		03/15/2031		48,937
	325,000	Meta Platforms, Inc.		3.85	%		08/15/2032		302,035
	355,000	Meta Platforms, Inc.		4.45	%		08/15/2052		308,921
	140,000	Netflix, Inc.		4.88	%		04/15/2028		138,590
	290,000	Newfold Digital Holdings Group, Inc.^(d)		6.00	%		02/15/2029		217,961
									1,469,755
Investment Companies - 2.90%
	8,000,000	Blackstone Private Credit Fund		2.63	%		12/15/2026		6,813,387
	1,500,000	Franklin BSP Lending Corp.^(d)		4.85	%		12/15/2024		1,428,925
	2,300,000	Golub Capital BDC, Inc.		2.05	%		02/15/2027		1,936,527
	6,800,000	Owl Rock Capital Corp.		3.75	%		07/22/2025		6,305,198
	4,092,439	Owl Rock Capital Corp.		2.88	%		06/11/2028		3,339,062
	5,247,730	Owl Rock Capital Corp. III		3.13	%		04/13/2027		4,453,216
	844	OWL Rock Core Income Corp.^(d)		5.50	%		03/21/2025		813
	6,661,000	OWL Rock Core Income Corp.		5.50	%		03/21/2025		6,413,387
	2,000,000	OWL Rock Core Income Corp.		4.70	%		02/08/2027		1,816,609
	3,482,180	OWL Rock Core Income Corp.^(d)		7.75	%		09/16/2027		3,468,018
	1,000,000	Sixth Street Specialty Lending, Inc.		3.88	%		11/01/2024		964,702
									36,939,844
Leisure Time - 0.13%
	405,000	Carnival Corp.^(d)		7.63	%		03/01/2026		397,031
	340,000	Carnival Corp.^(d)		5.75	%		03/01/2027		313,315
	140,000	NCL Corp., Ltd.^(d)		5.88	%		02/15/2027		136,413
	160,000	Viking Cruises, Ltd.^(d)		5.88	%		09/15/2027		147,244
	650,000	Viking Cruises, Ltd.^(d)		9.13	%		07/15/2031		657,137
									1,651,140
Lodging - 0.05%
	345,000	Marriott International, Inc.		3.13	%		06/15/2026		324,171
	360,000	Marriott International, Inc.		2.75	%		10/15/2033		286,395
									610,566
Machinery-Diversified - 0.02%
	310,000	John Deere Capital Corp.		4.70	%		06/10/2030		308,171

Media - 0.17%
	140,000	CCO Holdings LLC / CCO Holdings Capital Corp.^(d)		4.75	%		02/01/2032		114,317
	80,000	CCO Holdings LLC / CCO Holdings Capital Corp.^(d)		4.25	%		01/15/2034		60,544
	34,000	Cengage Learning, Inc.^(d)		9.50	%		06/15/2024		34,167
	315,000	Charter Communications Operating LLC / Charter Communications Operating Capital		4.91	%		07/23/2025		308,998
	320,000	Charter Communications Operating LLC / Charter Communications Operating Capital		3.50	%		03/01/2042		214,322

Principal Amount/Description			Rate			Maturity		Value
$	185,000	Comcast Corp.		3.95	%		10/15/2025	$	180,385
	335,000	Comcast Corp.		3.40	%		04/01/2030		308,012
	75,000	Directv Financing LLC / Directv Financing Co.-Obligor, Inc.^(d)		5.88	%		08/15/2027		68,011
	95,000	DISH DBS Corp.^(d)		5.75	%		12/01/2028		70,838
	700,000	McGraw-Hill Education, Inc.^(d)		5.75	%		08/01/2028		607,334
	85,000	News Corp.^(d)		5.13	%		02/15/2032		77,636
	130,000	Scripps Escrow II, Inc.^(d)		3.88	%		01/15/2029		105,095
	70,000	Townsquare Media, Inc.^(d)		6.88	%		02/01/2026		67,004
									2,216,663
Metal Fabricate/Hardware - 0.01%
	100,000	Advanced Drainage Systems, Inc.^(d)		6.38	%		06/15/2030		99,042

Mining - 0.06%
	160,000	Arconic Corp.^(d)		6.13	%		02/15/2028		162,129
	50,000	Freeport-McMoRan, Inc.		4.38	%		08/01/2028		47,218
	250,000	Freeport-McMoRan, Inc.		4.63	%		08/01/2030		235,788
	310,000	Glencore Funding LLC^(d)		1.63	%		04/27/2026		279,730
									724,865
Miscellaneous Manufactur - 0.02%
	160,000	Eaton Corp.		4.35	%		05/18/2028		157,086
	155,000	Parker-Hannifin Corp.		4.25	%		09/15/2027		150,414
									307,500
Oil & Gas - 0.36%
	305,000	BP Capital Markets America, Inc.		4.89	%		09/11/2033		302,000
	185,000	BP Capital Markets America, Inc.		2.94	%		06/04/2051		126,480
	630,000	Brooklyn Union Gas Co.^(d)		4.49	%		03/04/2049		486,032
	165,000	Callon Petroleum Co.^(d)		7.50	%		06/15/2030		155,897
	165,000	Chesapeake Energy Corp.^(d)		5.88	%		02/01/2029		156,885
	85,000	Civitas Resources, Inc.^(d)		8.38	%		07/01/2028		86,067
	170,000	CNX Resources Corp.^(d)		6.00	%		01/15/2029		157,741
	340,000	Continental Resources, Inc.^(d)		2.27	%		11/15/2026		302,867
	300,000	Exxon Mobil Corp.		4.23	%		03/19/2040		276,820
	160,000	Halliburton Co.		2.92	%		03/01/2030		140,726
	140,000	Hilcorp Energy I LP / Hilcorp Finance Co.^(d)		6.25	%		11/01/2028		131,909
	155,000	Hilcorp Energy I LP / Hilcorp Finance Co.^(d)		5.75	%		02/01/2029		140,504
	235,000	Marathon Petroleum Corp.		5.13	%		12/15/2026		232,811
	750,000	NiSource, Inc.		3.60	%		05/01/2030		676,293
	75,000	Phillips 66 Co.		4.95	%		12/01/2027		74,388
	700,000	SierraCol Energy Andina LLC^(d)		6.00	%		06/15/2028		515,393
	300,000	SierraCol Energy Andina LLC^(f)		6.00	%		06/15/2028		220,883
	140,000	Southwestern Energy Co.		5.38	%		02/01/2029		131,973
	160,000	Southwestern Energy Co.		4.75	%		02/01/2032		141,242
	215,000	Sunoco LP / Sunoco Finance Corp.		4.50	%		05/15/2029		190,989
									4,647,900
Oil & Gas Services - 0.01%
	150,000	Weatherford International, Ltd.^(d)		6.50	%		09/15/2028		150,780

Packaging & Containers - 0.08%
	230,000	Berry Global, Inc.		1.65	%		01/15/2027		198,570
	115,000	Pactiv Evergreen Group Issuer LLC / Pactiv Evergreen Group Issuer, Inc.^(d)		4.38	%		10/15/2028		99,707
	200,000	Trident TPI Holdings, Inc.^(d)		12.75	%		12/31/2028		207,650

Principal Amount/Description			Rate			Maturity		Value
$	576,000	WRKCo, Inc.		3.75	%		03/15/2025	$	554,493
									1,060,420
Pharmaceuticals - 0.19%
	650,000	AbbVie, Inc.		4.70	%		05/14/2045		594,319
	165,000	AdaptHealth LLC^(d)		5.13	%		03/01/2030		133,810
	80,000	Bausch Health Cos., Inc.^(d)		6.13	%		02/01/2027		51,308
	24,000	Bausch Health Cos., Inc.^(d)		11.00	%		09/30/2028		17,107
	4,000	Bausch Health Cos., Inc.^(d)		14.00	%		10/15/2030		2,400
	270,000	Becton Dickinson & Co.		4.69	%		02/13/2028		266,486
	160,000	CVS Health Corp.		5.13	%		02/21/2030		158,995
	295,000	CVS Health Corp.		5.30	%		06/01/2033		294,688
	305,000	CVS Health Corp.		5.88	%		06/01/2053		312,990
	220,000	Merck & Co., Inc.		4.50	%		05/17/2033		218,320
	160,000	Owens & Minor, Inc.^(d)		6.63	%		04/01/2030		145,317
	190,000	Viatris, Inc.		1.65	%		06/22/2025		174,902
									2,370,642
Pipelines - 0.32%
	73,000	Antero Midstream Partners LP / Antero Midstream Finance Corp.^(d)		5.75	%		03/01/2027		70,470
	320,000	Cheniere Energy, Inc.		4.63	%		10/15/2028		299,132
	315,000	Energy Transfer LP		4.75	%		01/15/2026		308,069
	1,000,000	Energy Transfer LP		3.90	%		07/15/2026		950,943
	200,000	Energy Transfer LP		4.40	%		03/15/2027		191,351
	350,000	Energy Transfer LP		5.00	%		05/15/2044		295,672
	105,000	EQM Midstream Partners LP^(d)		4.75	%		01/15/2031		92,100
	180,000	Hess Midstream Operations LP^(d)		4.25	%		02/15/2030		157,228
	503,000	Kinder Morgan Energy Partners LP		6.95	%		01/15/2038		540,865
	405,000	NGL Energy Operating LLC / NGL Energy Finance Corp.^(d)		7.50	%		02/01/2026		399,296
	160,000	NGPL PipeCo LLC^(d)		3.25	%		07/15/2031		132,081
	180,000	ONEOK, Inc.		3.40	%		09/01/2029		157,055
	235,000	Sabine Pass Liquefaction LLC		5.00	%		03/15/2027		231,453
	100,000	Venture Global LNG, Inc.^(d)		8.13	%		06/01/2028		101,676
	115,000	Venture Global LNG, Inc.^(d)		8.38	%		06/01/2031		116,093
									4,043,484
Real Estate - 0.00%(m)
	80,000	Realogy Group LLC / Realogy Co.-Issuer Corp.^(d)		5.25	%		04/15/2030		56,944

REITS - 0.26%
	165,000	Agree LP		2.60	%		06/15/2033		127,034
	245,000	Alexandria Real Estate Equities, Inc.		3.00	%		05/18/2051		150,973
	60,000	Alexandria Real Estate Equities, Inc.		5.15	%		04/15/2053		53,868
	280,000	Corporate Office Properties LP		2.90	%		12/01/2033		194,367
	850,000	Crown Castle, Inc.		3.65	%		09/01/2027		795,370
	330,000	Equinix, Inc.		1.80	%		07/15/2027		286,228
	1,000,000	Equinix, Inc.		2.15	%		07/15/2030		809,413
	365,000	Host Hotels & Resorts LP		2.90	%		12/15/2031		287,478
	265,000	Invitation Homes Operating Partnership LP		2.70	%		01/15/2034		200,989
	170,000	Iron Mountain, Inc.^(d)		7.00	%		02/15/2029		170,470
	75,000	Iron Mountain, Inc.^(d)		4.50	%		02/15/2031		64,510
	155,000	Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer^(d)		4.88	%		05/15/2029		133,730

Principal Amount/Description			Rate			Maturity		Value
$	90,000	Sabra Health Care LP		3.20	%		12/01/2031	$	67,244
									3,341,674
Retail - 0.22%
	585,000	Dick's Sporting Goods, Inc.		3.15	%		01/15/2032		479,787
	190,000	Dick's Sporting Goods, Inc.		4.10	%		01/15/2052		132,161
	140,000	Dollar General Corp.		4.25	%		09/20/2024		137,351
	575,000	Dollar Tree, Inc.		4.00	%		05/15/2025		556,882
	90,000	Dollar Tree, Inc.		3.38	%		12/01/2051		60,720
	75,000	Ferrellgas LP / Ferrellgas Finance Corp.^(d)		5.38	%		04/01/2026		69,826
	130,000	Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc.^(d)		6.75	%		01/15/2030		110,762
	170,000	Lowe's Cos., Inc.		4.40	%		09/08/2025		166,660
	155,000	Lowe's Cos., Inc.		5.63	%		04/15/2053		155,031
	305,000	McDonald's Corp.		4.45	%		03/01/2047		274,633
	95,000	Michaels Cos., Inc.^(d)		5.25	%		05/01/2028		76,852
	190,000	Park River Holdings, Inc.^(d)		5.63	%		02/01/2029		147,495
	190,000	SRS Distribution, Inc.^(d)		4.63	%		07/01/2028		169,890
	125,000	Staples, Inc.^(d)		7.50	%		04/15/2026		103,409
	155,000	Suburban Propane Partners LP/Suburban Energy Finance Corp.^(d)		5.00	%		06/01/2031		129,993
	90,000	Victoria's Secret & Co.^(d)		4.63	%		07/15/2029		65,861
									2,837,313
Semiconductors - 0.09%
	529,000	Broadcom, Inc.^(d)		3.42	%		04/15/2033		442,625
	740,000	Marvell Technology, Inc.		2.95	%		04/15/2031		620,647
	90,000	Texas Instruments, Inc.		5.00	%		03/14/2053		91,285
									1,154,557
Software - 0.14%
	125,000	AthenaHealth Group, Inc.^(d)		6.50	%		02/15/2030		105,330
	650,000	Castle US Holding Corp.^(d)		9.50	%		02/15/2028		368,579
	120,000	Clarivate Science Holdings Corp.^(d)		4.88	%		07/01/2029		106,576
	180,000	Oracle Corp.		6.25	%		11/09/2032		191,146
	130,000	Oracle Corp.		3.80	%		11/15/2037		106,366
	450,000	Oracle Corp.		3.85	%		04/01/2060		317,444
	365,000	VMware, Inc.		2.20	%		08/15/2031		286,960
	325,000	Workday, Inc.		3.70	%		04/01/2029		301,563
									1,783,964
Telecommunications - 0.32%
	500,000	AT&T, Inc.		4.30	%		02/15/2030		474,850
	185,000	AT&T, Inc.		2.75	%		06/01/2031		156,156
	840,000	AT&T, Inc.		3.50	%		09/15/2053		595,244
	400,000	AT&T, Inc.		3.55	%		09/15/2055		280,320
	90,000	CommScope, Inc.^(d)		4.75	%		09/01/2029		71,042
	500,000	Embarq Corp Eq		8.00	%		06/01/2036		302,880
	30,000	Frontier Communications Holdings LLC^(d)		5.88	%		10/15/2027		27,562
	85,000	Frontier Communications Holdings LLC^(d)		5.00	%		05/01/2028		73,421
	74,000	Level 3 Financing, Inc.^(d)		10.50	%		05/15/2030		75,151
	315,000	T-Mobile USA, Inc.		2.25	%		02/15/2026		289,723
	1,000,000	T-Mobile USA, Inc.		3.88	%		04/15/2030		921,865
	320,000	T-Mobile USA, Inc.		3.40	%		10/15/2052		228,689
	500,000	Verizon Communications, Inc.		3.15	%		03/22/2030		444,598
	95,000	Verizon Communications, Inc.		3.88	%		03/01/2052		75,003
									4,016,504

Principal Amount/Description			Rate			Maturity		Value
Transportation - 0.13%
$	210,000	Burlington Northern Santa Fe LLC		5.20	%		04/15/2054	$	214,411
	735,000	CSX Corp.		3.80	%		11/01/2046		591,752
	310,000	Ryder System, Inc.		5.65	%		03/01/2028		310,464
	500,000	Union Pacific Corp.		3.70	%		03/01/2029		477,653
	100,000	XPO, Inc.^(d)		7.13	%		06/01/2031		100,883
									1,695,163
Trucking & Leasing - 0.04%
	220,000	Penske Truck Leasing Co. Lp / PTL Finance Corp.^(d)		5.75	%		05/24/2026		218,019
	275,000	Penske Truck Leasing Co. LP / PTL Finance Corp.^(d)		4.20	%		04/01/2027		257,622
									475,641

TOTAL U.S. CORPORATE BONDS
(Cost $123,705,603)									111,268,501

CONVERTIBLE CORPORATE BONDS - 0.00%
	102,353	Digicel Group Holdings, Ltd.^(a)(d)(h)		5.09% (7.00%)			12/31/2049		11,891

TOTAL CONVERTIBLE CORPORATE BONDS
(Cost $26,846)									11,891

FOREIGN GOVERNMENT BONDS AND NOTES, SUPRANATIONALS AND FOREIGN AGENCIES - 0.52%
	200,000	Banco Nacional de Comercio Exterior SNC^(e)(f)		5Y US TI + 2.00%			08/11/2031		168,500
	900,000	Brazilian Government International Bond		4.75	%		01/14/2050		664,833
	500,000	Chile Government International Bond		3.10	%		01/22/2061		327,838
	200,000	Colombia Government International Bond		4.13	%		02/22/2042		128,038
	900,000	Colombia Government International Bond		5.00	%		06/15/2045		628,802
	300,000	Colombia Government International Bond		5.20	%		05/15/2049		206,850
	600,000	Colombia Government International Bond		4.13	%		05/15/2051		360,564
	600,000	Dominican Republic International Bond^(d)		6.40	%		06/05/2049		512,722
	100,000	Dominican Republic International Bond^(f)		8.63	%		04/20/2027		104,500
	1,160,000	Mexico Government International Bond		3.75	%		01/11/2028		1,105,544
	500,000	Mexico Government International Bond		4.40	%		02/12/2052		395,463
	621,000	Mexico Government International Bond		6.34	%		05/04/2053		634,139
	500,000	Panama Government International Bond		3.87	%		07/23/2060		332,662
	200,000	Republic of South Africa Government International Bond		4.30	%		10/12/2028		177,150
	900,000	Republic of South Africa Government International Bond		5.65	%		09/27/2047		638,850

Principal Amount/Description

Rate

Maturity

Value

800,000

Ukraine Government International Bond^(f)

7.25%

03/15/2035

188,000

TOTAL FOREIGN GOVERNMENT BONDS AND NOTES, SUPRANATIONALS AND FOREIGN AGENCIES

(Cost $8,703,980)

6,574,455

BANK LOANS - 1.45%^(e)

Luxembourg - 0.09%

1,186,342

Travelport Finance Luxembourg SARL 1L, 2021, First Lien - Initial (Priority) Term Loan

1M SOFR + 8.35%, 1.00% Floor

02/28/2025

1,170,036

Netherlands - 0.01%

187,125

Bright Bidco BV, First Lien

3M SOFR + 9.00%, 1.00% Floor

10/31/2027

96,994

5,736

Lealand Finance Company B.V., First Lien - Make-Whole Term Loan

3M US L + 3.00%

06/28/2024

4,589

77,464

Lealand Finance Company B.V., First Lien - Take-Back Term Loan

3M US L + 1.00%

06/30/2025

45,187

146,770

United Arab Emirates - 0.06%

780,180

Gulf Finance, LLC TL 1L

1M SOFR + 6.75%

08/25/2026

760,784

United States - 1.29%

563,051

Air Methods Corp., First Lien - Initial Term Loan

3M US L + 3.50%, 1.00% Floor

04/22/2024

211,144

908,500

American Tire Distributors, Inc., First Lien - Initial Term Loan

3M SOFR + 6.25%

10/08/2028

792,562

965,000

Applied Systems, Inc., Second Lien - 2021 Term Loan

3M SOFR + 6.75%, 0.75% Floor

09/19/2025

967,716

452,470

Astra Acquisition Corp., First Lien - Initial Term Loan

1M US L + 5.25%

10/22/2028

318,851

1,989,522

Astra Acquisition Corp., Second Lien - Initial Term Loan

1M US L + 8.875%

10/22/2029

1,109,158

295,000

Asurion LLC, Second Lien - New B-3 Term Loan

1M US L + 5.25%

01/31/2028

252,134

688,394

Atlas Purchaser, Inc., First Lien - Initial Term Loan

3M US L + 3.00%, 0.75% Floor

05/18/2028

467,141

538,805

Aveanna Healthcare LLC, Second Lien - Initial Term Loan

3M US L + 7.00%, 0.50% Floor

12/10/2029

336,080

200,000

Blackhawk Network Holdings, Inc., Second Lien

3M US L + 7.00%

06/15/2026

191,900

722,138

Cengage Learning, Inc., First Lien - B Term Loan

3M US L + 5.00%

06/29/2026

709,186

1,630,000

Constant Contact, Inc., Second Lien - Initial Term Loan

3M US L + 7.50%, 0.75% Floor

02/12/2029

1,371,237

905,000

DCert Buyer, Inc., Second Lien - First Amendment Refinancing Term Loan

3M SOFR + 7.00%

02/19/2029

834,111

760,000

DG Investment Intermediate Holdings 2, Inc., Second Lien - Initial Term Loan

1M US L + 6.75%, 0.75% Floor

03/30/2029

676,875

893,979

Envision Healthcare Corp., First Lien

3M SOFR + 4.25%

03/31/2027

201,986

Principal Amount/Description

Rate

Maturity

Value

2,185,047

Envision Healthcare Corp., First Lien

3M SOFR + 3.75%

03/31/2027

41,658

615,161

Intelsat Jackson Holdings S.A.TLB 1L

3M SOFR + 4.25%

01/26/2029

613,457

407,813

LSF9 ATLANTIS HOLDINGS, LLC, First Lien - B Term Loan

3M SOFR + 7.25%

03/29/2029

404,244

817,492

Minotaur Acquisition, Inc., First Lien - B Term Loan

3M SOFR + 4.75%

03/27/2026

805,998

479,542

Misys, Ltd., First Lien - Dollar Term Loan

3M US L + 3.50%, 1.00% Floor

06/13/2024

462,233

705,000

Misys, Ltd., Second Lien - Dollar Term Loan

6M US L + 7.25%, 1.00% Floor

06/13/2025

642,565

220,000

Olympus Water US Holding Corp, First Lien, First Lien

6M US L + 0.00%

11/08/2028

213,263

380,000

Regionalcare Hospital Partners Holdings, Inc. Tl, First Lien

3M US L + 3.75%

11/14/2025

352,874

1,037,537

Riverbed Technology, Inc., First Lien - Initial Term Loan

3M US L + 10.00%

12/06/2026

281,691

959,282

Team Health Holdings, Inc., First Lien - Initial Term Loan

1M US L + 2.75%, 1.00% Floor

02/06/2024

853,161

587,568

Think & Learn Private, Ltd., First Lien - B Term Loan

3M US L + 0.00%

11/05/2026

374,575

1,410,000

UKG, Inc. TL 2L

1M SOFR + 5.25%

05/03/2027

1,371,225

677,925

Viad Corp, First Lien - Initial Term Loan

3M US L + 5.00%, 0.50% Floor

07/30/2028

660,977

871,367

WaterBridge Midstream Operating LLC, First Lien - Initial Term Loan

3M US L + 5.75%, 1.00% Floor

06/22/2026

867,489

16,385,491

TOTAL BANK LOANS

(Cost $22,703,925)

18,463,081

BUSINESS DEVELOPMENT COMPANIES - 0.10%

1,292,347

Golub Capital BDC, Inc.

3.38%

04/15/2024

1,256,358

TOTAL BUSINESS DEVELOPMENT COMPANIES

(Cost $1,261,738)

1,256,358

COLLATERALIZED LOAN OBLIGATIONS - 4.30%

AIMCO CLO

500,000

Series 2018-AA^(d)(e)

3M US L + 2.55%

04/17/2031

474,684

Apidos CLO XII

500,000

Series 2018-12A^(d)(e)

3M US L + 2.60%

04/15/2031

461,108

Apidos CLO XXIV

1,000,000

Series 2018-24A^(d)(e)

3M US L + 5.80%

10/20/2030

870,489

Babson CLO, Ltd.

500,000

Series 2018-IA^(d)(e)

3M US L + 2.60%

01/20/2031

468,798

Bain Capital Credit CLO 2017-2, Ltd.

500,000

Series 2021-2A^(d)(e)

3M US L + 6.50%

07/25/2034

453,190

1,000,000

Series 2021-2A^(d)(e)

3M US L + 3.10%

07/25/2034

925,052

Bain Capital Credit CLO 2021-2, Ltd.

500,000

Series 2021-2A^(d)(e)

3M US L + 3.15%

07/16/2034

460,405

Bain Capital Credit CLO 2022-3, Ltd.

1,000,000

Series 2022-3A^(d)(e)

3M US SOFR + 7.35%

07/17/2035

905,311

Principal Amount/Description

Rate

Maturity

Value

Bain Capital Credit CLO 2023-3, Ltd.

500,000

Series 2023-3A^(d)(e)

07/24/2036

500,000

Barings CLO, Ltd.

500,000

Series 2018-4A^(d)(e)

3M US L + 5.82%

10/15/2030

443,828

Barings CLO, Ltd. 2018-III

1,295,000

Series 2018-3A^(d)(e)

3M US L + 5.75%

07/20/2029

1,162,423

Barings CLO, Ltd. 2019-I

1,500,000

Series 2021-1A^(d)(e)

3M US L + 6.86%

04/15/2036

1,366,633

Barings CLO, Ltd. 2019-II

500,000

Series 2021-2A^(d)(e)

3M US L + 3.41%

04/15/2036

473,121

Beechwood Park CLO, Ltd.

500,000

Series 2022-1A^(d)(e)

3M US SOFR + 6.50%

01/17/2035

451,184

BlueMountain CLO, Ltd.

500,000

Series 2018-3A^(d)(e)

3M US L + 2.60%

04/20/2031

430,933

BlueMountain Fuji US CLO II, Ltd.

1,000,000

Series 2017-2A^(d)(e)

3M US L + 3.00%

10/20/2030

844,857

Buttermilk Park CLO, Ltd.

1,000,000

Series 2018-1A^(d)(e)

3M US L + 5.75%

10/15/2031

844,277

Canyon Capital CLO 2016-2, Ltd.

500,000

Series 2018-2A^(d)(e)

3M US L + 3.15%

10/15/2031

453,422

Canyon Capital CLO 2017-1, Ltd.

500,000

Series 2021-1A^(d)(e)

3M US L + 3.00%

07/15/2030

468,319

Canyon Capital CLO 2019-1, Ltd.

500,000

Series 2021-1A^(d)(e)

3M US L + 7.09%

04/15/2032

442,928

Canyon Capital CLO 2021-2, Ltd.

1,250,000

Series 2021-2A^(d)(e)

3M US L + 3.35%

04/15/2034

1,148,745

Canyon Capital CLO, Ltd.

1,000,000

Series 2018-1A^(d)(e)

3M US L + 2.75%

01/30/2031

916,659

1,500,000

Series 2018-1A^(d)(e)

3M US L + 5.50%

01/30/2031

1,187,278

1,000,000

Series 2018-1A^(d)(e)

3M US L + 5.75%

07/15/2031

786,523

500,000

Series 2018-1A^(d)(e)

3M US L + 2.80%

07/15/2031

457,365

Canyon CLO 2021-3, Ltd.

1,000,000

Series 2021-3A^(d)(e)

3M US L + 3.05%

07/15/2034

913,440

Canyon CLO 2021-4, Ltd.

1,000,000

Series 2021-4A^(d)(e)

3M US L + 6.30%

10/15/2034

909,748

Carlyle Global Market Strategies CLO 2016-3, Ltd.

1,000,000

Series 2021-3A^(d)(e)

3M US L + 3.30%

07/20/2034

941,967

Carlyle Global Market Strategies CLO, Ltd.

1,000,000

Series 2018-2RA^(d)(e)

3M US L + 5.35%

05/15/2031

812,531

Carlyle US CLO 2020-2, Ltd.

2,000,000

Series 2021-2A^(d)(e)

3M US L + 6.70%

01/25/2035

1,800,363

Carlyle US CLO 2021-1, Ltd.

500,000

Series 2021-1A^(d)(e)

3M US L + 6.00%

04/15/2034

452,002

Chenango Park CLO, Ltd.

500,000

Series 2018-1A^(d)(e)

3M US L + 3.00%

04/15/2030

447,445

1,000,000

Series 2018-1A^(d)(e)

3M US L + 5.80%

04/15/2030

815,273

Cook Park CLO, Ltd.

500,000

Series 2018-1A^(d)(e)

3M US L + 2.60%

04/17/2030

441,120

Crown Point CLO IV, Ltd.

500,000

Series 2018-4A^(d)(e)

3M US L + 1.90%

04/20/2031

477,982

Dryden 57 CLO, Ltd.

500,000

Series 2018-57A^(d)(e)

3M US L + 2.55%

05/15/2031

448,653

Elevation CLO 2021-14, Ltd.

500,000

Series 2021-14A^(d)(e)

3M US L + 2.30%

10/20/2034

479,760

Elmwood CLO IX, Ltd.

500,000

Series 2021-2A^(d)(e)

3M US L + 5.94%

07/20/2034

466,646

Principal Amount/Description

Rate

Maturity

Value

Fillmore Park CLO, Ltd.

500,000

Series 2018-1A^(d)(e)

3M US L + 2.90%

07/15/2030

470,115

1,000,000

Series 2018-1A^(d)(e)

3M US L + 5.40%

07/15/2030

893,325

Galaxy XIX CLO, Ltd.

1,300,000

Series 2017-19A^(d)(e)

3M US L + 6.53%

07/24/2030

1,095,868

Gilbert Park CLO, Ltd.

1,000,000

Series 2017-1A^(d)(e)

3M US L + 6.40%

10/15/2030

851,292

Goldentree Loan Management US CLO, Ltd.

500,000

Series 2018-3A^(d)(e)

3M US L + 2.85%

04/20/2030

473,668

Marble Point CLO XII, Ltd.

500,000

Series 2018-1A^(d)(e)

3M US L + 3.00%

07/16/2031

419,099

Milos CLO, Ltd.

500,000

Series 2020-1A^(d)(e)

3M US L + 6.15%

10/20/2030

445,053

Myers Park CLO, Ltd.

1,000,000

Series 2018-1A^(d)(e)

3M US L + 5.50%

10/20/2030

851,404

Neuberger Berman Loan Advisers CLO 37, Ltd.

500,000

Series 2021-37A^(d)(e)

3M US L + 5.75%

07/20/2031

461,893

Neuberger Berman Loan Advisers CLO 42, Ltd.

500,000

Series 2021-42A^(d)(e)

3M US L + 5.95%

07/16/2035

464,794

Neuberger Berman Loan Advisers Clo 44, Ltd.

1,000,000

Series 2021-44A^(d)(e)

3M US L + 6.00%

10/16/2034

927,248

Point Au Roche Park CLO, Ltd.

500,000

Series 2021-1A^(d)(e)

3M US L + 6.13%

07/20/2034

442,077

Rockland Park CLO, Ltd.

500,000

Series 2021-1A^(d)(e)

3M US L + 6.25%

04/20/2034

467,530

Sound Point CLO XXIII

500,000

Series 2021-2A^(d)(e)

3M US L + 3.30%

07/15/2034

441,304

Sound Point CLO XXIV

1,375,000

Series 2021-3A^(d)(e)

3M US L + 6.72%

10/25/2034

1,048,887

Sound Point CLO XXVI, Ltd.

500,000

Series 2021-1A^(d)(e)

3M US L + 3.35%

07/20/2034

446,429

Sound Point CLO XXVIII, Ltd.

1,000,000

Series 2020-3A^(d)(e)

3M US L + 6.90%

01/25/2032

865,865

Sound Point CLO XXXII, Ltd.

500,000

Series 2021-4A^(d)(e)

3M US L + 3.40%

10/25/2034

432,568

500,000

Series 2021-4A^(d)(e)

3M US L + 6.70%

10/25/2034

387,951

Stewart Park CLO, Ltd.

500,000

Series 2018-1A^(d)(e)

3M US L + 2.60%

01/15/2030

448,242

Thayer Park CLO, Ltd.

500,000

Series 2021-1A^(d)(e)

3M US L + 6.25%

04/20/2034

444,688

THL Credit Wind River 2017-1 CLO, Ltd.

500,000

Series 2021-1A^(d)(e)

3M US L + 3.91%

04/18/2036

446,517

THL Credit Wind River 2017-3 CLO, Ltd.

500,000

Series 2021-3A^(d)(e)

3M US L + 7.08%

04/15/2035

443,589

THL Credit Wind River 2018-3 CLO, Ltd.

2,000,000

Series 2018-3A^(d)(e)

3M US L + 2.95%

01/20/2031

1,829,492

THL Credit Wind River CLO, Ltd.

500,000

Series 2018-1A^(d)(e)

2.90% - 3M US L

07/15/2030

453,327

2,000,000

Series 2018-1A^(d)(e)

5.50% - 3M US L

07/15/2030

1,619,748

1,000,000

Series 2018-1A^(d)(e)

3M US L + 3.00%

07/18/2031

853,607

1,000,000

Series 2018-2A^(d)(e)

3M US L + 5.75%

07/15/2030

798,834

1,000,000

Series 2018-3A^(d)(e)

3M US L + 6.22%

10/22/2031

748,740

Upland CLO, Ltd.

500,000

Series 2018-1A^(d)(e)

3M US L + 2.90%

04/20/2031

465,593

Principal Amount/Description

Rate

Maturity

Value

VOYA CLO 2017-2

1,000,000

Series 2017-2A^(d)(e)

3M US L + 6.02%

06/07/2030

793,303

Voya CLO 2022-3, Ltd.

1,000,000

Series 2022-3A^(d)(e)

3M US SOFR + 5.00%

10/20/2034

1,000,388

Voya CLO, Ltd.

500,000

Series 2018-1A^(d)(e)

3M US SOFR + 3.06161%

04/18/2031

436,640

1,000,000

Series 2018-2A^(d)(e)

3M US L + 2.75%

07/15/2031

881,036

1,000,000

Series 2018-2A^(d)(e)

3M US L + 5.25%

07/15/2031

777,662

500,000

Series 2018-3A^(d)(e)

3M US SOFR + 6.46161%

10/20/2031

337,505

500,000

Series 2018-4A^(d)(e)

3M US L + 5.95%

07/14/2031

333,521

Webster Park CLO, Ltd.

1,000,000

Series 2018-1A^(d)(e)

5.50% - 3M US L

07/20/2030

838,422

Wind River 2013-1 CLO, Ltd.

500,000

Series 2017-1A^(d)(e)

3M US L + 3.65%

07/20/2030

464,458

Wind River 2014-3 CLO, Ltd.

1,500,000

Series 2018-3A^(d)(e)

3M US L + 3.40%

10/22/2031

1,268,592

Wind River 2021-2 CLO, Ltd.

500,000

Series 2021-2A^(d)(e)

3M US L + 6.43%

07/20/2034

418,318

TOTAL COLLATERALIZED LOAN OBLIGATIONS

(Cost $61,897,069)

54,793,054

EQUITY - LINKED NOTES - 0.00%^(m)

263,093

Inverpamplona SA^(g)(j)(k)

0.00%

12/30/2028

–

TOTAL EQUITY - LINKED NOTES

(Cost $11,250)

–

NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS - 17.92%

Aaset 2021-2 Trust

421,616

Series 2021-2A^(d)

3.54%

12/15/2028

316,257

ABFC Trust

2,588,196

Series 2007-WMC1^(e)

1M US L + 1.25%

06/25/2037

1,801,279

Alen Mortgage Trust

1,107,000

Series 2021-ACEN^(d)(e)

1M US L + 4.00%

04/15/2026

673,212

AMSR

5,100,000

Series 2020-SFR3^(d)

4.99%

09/17/2025

4,753,218

5,000,000

Series 2021-SFR1^(d)(e)

4.61%

06/17/2028

4,041,949

AREIT Trust

1,265,000

Series 2019-CRE3^(d)(e)

30D SOFR + 2.76%

09/16/2036

1,147,395

Atrium Hotel Portfolio Trust

1,309,000

Series 2018-ATRM^(d)(e)

1M US L + 3.40%

06/15/2035

1,220,774

Atrium IX

500,000

Series 2017-9A^(d)(e)

3M US L + 3.60%

05/28/2030

478,119

Atrium XIII

1,000,000

Series 2017-13A^(d)(e)

3M US L + 6.05%

11/21/2030

923,685

Atrium XIV LLC

1,000,000

Series 2018-14A^(d)(e)

3M US L + 5.65%

08/23/2030

935,798

BAMLL Commercial Mortgage Securities Trust

683,000

Series 2019-AHT^(d)(e)

2.57%

03/15/2034

664,081

BANK

200,000

Series 2017-BNK5^(e)

4.33%

06/15/2027

169,209

10,291,000

Series 2018-BN12^(d)(e)(n)

1.50%

05/15/2061

567,119

660,000

Series 2022-BNK39

3.18%

01/15/2032

528,862

165,000

Series 2022-BNK39^(d)

2.50%

01/15/2032

71,960

Principal Amount/Description			Rate			Maturity		Value
		BANK 2020-BNK27
$	16,875,000	Series 2020-BN27^(d)(e)(n)		0.83	%		04/15/2030	$	675,034
		BANK 2021-BNK35
	316,000	Series 2021-BN35		2.29	%		07/15/2031		254,350
		BANK 2021-BNK37
	381,000	Series 2021-BN37^(e)		3.21	%		11/15/2031		254,312
		Bank of America Merrill Lynch Commercial Mortgage Trust 2016-UBS10
	1,090,000	Series 2016-UB10^(e)		4.99	%		05/15/2026		946,763
		BBCMS Mortgage Trust
	519,000	Series 2022-C17		4.44	%		08/15/2032		487,714
		BBCMS Trust
	3,000,000	Series 2018-CBM^(d)(e)		1M US L + 3.55%			07/15/2037		2,837,474
		Benchmark Mortgage Trust
	9,586,400	Series 2018-B2^(e)(n)		0.60	%		01/15/2028		141,751
	600,000	Series 2018-B2^(e)		4.44	%		01/15/2028		477,346
	20,780,371	Series 2018-B4^(e)(n)		0.66	%		06/15/2028		335,352
	1,589,000	Series 2018-B4^(d)(e)		2.95	%		07/17/2051		1,000,546
	1,130,000	Series 2019-B9^(e)		4.97	%		01/15/2029		866,884
	522,000	Series 2020-B18^(d)		4.14	%		08/15/2025		450,145
	1,510,000	Series 2021-B31^(d)		2.25	%		11/15/2031		604,826
	592,000	Series 2022-B32^(e)		3.53	%		01/15/2032		478,623
		BF Mortgage Trust
	705,000	Series 2019-NYT^(d)(e)		1M US L + 3.00%			12/15/2035		330,024
		Blackbird Capital Aircraft
	1,342,788	Series 2021-1A^(d)		3.45	%		07/15/2028		1,107,682
		BMO Mortgage Trust
	7,951,000	Series 2022-C1^(d)(e)(n)		1.89	%		02/15/2032		900,276
	300,000	Series 2023-C5		5.74	%		02/15/2028		300,375
		BX Commercial Mortgage Trust
	1,000,000	Series 2019-IMC^(d)(e)		1M US L + 1.90%			04/15/2034		977,972
		BX Trust
	636,000	Series 2019-OC11^(d)(e)		4.08	%		12/09/2029		530,697
	2,964,000	Series 2019-OC11^(d)(e)		4.08	%		12/06/2041		2,388,435
	900,000	Series 2021-VIEW^(d)(e)		1M US L + 3.93%			06/15/2023		797,050
		Cantor Commercial Real Estate Lending
	1,113,000	Series 2019-CF1^(d)(e)		4.12	%		04/15/2024		956,921
		Carbon Capital VI Commercial Mortgage Trust
	359,976	Series 2019-FL2^(d)(e)		1M US L + 2.85%			10/15/2035		305,872
		Carvana Auto Receivables Trust
	5,300	Series 2021-N1^(d)		0.00	%		01/10/2028		798,345
	5,250	Series 2021-N2^(d)		0.00	%		03/10/2028		1,002,750
		Cascade MH Asset Trust
	4,601,000	Series 2019-MH1^(d)(e)		5.99	%		10/25/2024		4,310,398
		Castlelake Aircraft Securitization Trust
	3,111,714	Series 2018-1^(d)		6.63	%		06/15/2043		1,168,610
		Castlelake Aircraft Structured Trust
	2,750,000	Series 2019-1A^(d)		0.00	%		04/15/2039		80,850
		Cathedral Lake VIII, Ltd.
	1,000,000	Series 2021-8A^(d)(e)		3M US L + 2.62%			01/20/2035		976,889
	1,000,000	Series 2021-8A^(d)(e)		3M US L + 3.42%			01/20/2035		917,196
		CD Mortgage Trust
	750,000	Series 2017-CD4^(e)		4.35	%		04/10/2027		571,676
		CFCRE Commercial Mortgage Trust
	432,966	Series 2016-C6		2.95	%		08/10/2026		395,913

Principal Amount/Description			Rate			Maturity		Value
		CIFC Funding 2019-III, Ltd.
$	650,000	Series 2021-3A^(d)(e)		3M US L + 6.80%			10/16/2034	$	613,456
		CIFC Funding, Ltd.
	850,000	Series 2021-1A^(d)(e)		3M US L + 6.00%			04/25/2033		796,693
	500,000	Series 2021-4A^(d)(e)		3M US L + 5.95%			07/15/2033		468,113
	2,500,000	Series 2021-5A^(d)(e)		3M US L + 6.50%			07/15/2034		2,351,340
		Citigroup Commercial Mortgage Trust
	3,229,926	Series 2014-GC25^(e)(n)		0.96	%		10/10/2047		25,748
	866,000	Series 2015-GC27^(d)(e)		4.42	%		02/12/2048		698,730
	400,000	Series 2015-GC31^(e)		4.05	%		06/10/2025		322,292
	344,000	Series 2016-GC36^(d)		2.85	%		02/12/2049		135,942
	464,000	Series 2017-C4^(e)		4.10	%		10/12/2027		399,843
	225,000	Series 2019-GC41		3.20	%		08/10/2029		176,497
	1,000,000	Series 2019-SMRT^(d)(e)		4.75	%		01/10/2036		994,531
	1,433,000	Series 2020-555^(d)(e)		3.62	%		12/12/2041		966,729
	546,000	Series 2022-GC48^(e)		4.74	%		05/15/2032		518,328
		Citigroup Mortgage Loan Trust
	613,533	Series 2006-WF1^(l)		4.61	%		03/25/2036		307,035
	938,846	Series 2007-OPX1^(l)		6.33	%		01/25/2037		349,313
		Cologix Data Centers US Issuer LLC
	2,800,000	Series 2021-1A^(d)		5.99	%		12/28/2026		2,283,802
		Commercial Mortgage Pass-Through Certificates
	8,281,155	Series 2014-UBS4^(d)		3.75	%		08/10/2024		806,400
	11,000	Series 2014-UBS4^(d)(e)		0.00	%		08/10/2047		1
	2,611,138	Series 2015-CR22^(e)(n)		0.89	%		03/10/2025		26,902
	4,119,803	Series 2015-CR26^(e)(n)		0.93	%		09/10/2025		62,520
		CSAB Mortgage-Backed Trust
	8,781,274	Series 2006-2^(l)		6.20	%		09/25/2036		750,587
	122,527	Series 2007-1^(e)		5.90	%		05/25/2037		31,361
		CSAIL Commercial Mortgage Trust
	4,888,902	Series 2015-C1^(e)(n)		0.95	%		01/15/2025		40,733
	490,000	Series 2016-C6^(e)		5.08	%		04/15/2026		417,581
	1,362,000	Series 2016-C6^(d)(e)		5.08	%		01/15/2049		900,328
		CSMC
	832,000	Series 2021-B33^(d)(e)		3.77	%		10/10/2031		579,783
		DBJPM 16-C1 Mortgage Trust
	1,309,000	Series 2016-C1^(e)		3.33	%		05/12/2049		1,075,991
		Diamond Infrastructure Funding LLC
	2,000,000	Series 2021-1A^(d)		3.48	%		12/20/2026		1,743,913
		DOLP Trust
	1,000,000	Series 2021-NYC^(d)(e)		3.70	%		05/10/2031		643,004
		Dryden 38 Senior Loan Fund
	1,000,000	Series 2018-38A^(d)(e)		3M US L + 5.60%			07/15/2030		818,406
		Dryden 40 Senior Loan Fund
	1,000,000	Series 2018-40A^(d)(e)		3M US L + 5.75%			08/15/2031		840,626
	500,000	Series 2018-40A^(d)(e)		3M US L + 3.10%			08/15/2031		470,240
		Dryden 42 Senior Loan Fund
	500,000	Series 2018-42A^(d)(e)		3M US L + 2.93%			07/15/2030		453,407
		Fannie Mae-Aces
	22,777,496	Series 2019-M12^(e)(n)		0.68	%		06/25/2029		547,250
	14,079,451	Series 2019-M24^(e)(n)		1.15	%		03/25/2031		838,254
	37,780,483	Series 2019-M7^(e)(n)		0.35	%		04/25/2029		578,585
	29,300,874	Series 2020-M10^(e)(n)		0.82	%		12/25/2027		620,493
	47,643,513	Series 2020-M10^(e)(n)		0.87	%		07/25/2032		2,223,475
	13,374,836	Series 2020-M13^(e)(n)		1.30	%		09/25/2030		644,172
	350,649,935	Series 2021-M17^(e)(n)		0.16	%		07/25/2031		1,687,643

Principal Amount/Description			Rate			Maturity		Value
$	43,119,929	Series 2021-M23^(e)(n)		0.67	%		11/01/2031	$	911,965
		FirstKey Homes
	1,100,000	Series 2020-SFR1^(d)		4.28	%		08/19/2037		1,028,801
	2,684,817	Series 2022-SFR1^(d)		4.15	%		05/17/2027		2,532,712
		FMC GMSR Issuer Trust
	6,000,000	Series 2021-GT1^(d)(e)		4.36	%		07/25/2026		4,646,428
	5,000,000	Series 2021-GT2^(d)(e)		4.44	%		10/25/2026		3,849,164
		Fontainebleau Miami Beach Trust
	1,656,000	Series 2019-FBLU^(d)(e)		3.96	%		12/12/2036		1,498,806
		FREMF Mortgage Trust
	890,367	Series 2015-KF07^(d)(e)		1M US L + 4.95%			02/25/2025		892,724
	1,000,094	Series 2016-KF19^(d)(e)		1M US L + 5.50%			06/25/2023		1,006,202
	887,222	Series 2016-KF25^(d)(e)		1M US L + 5.00%			10/25/2023		887,456
	1,086,112	Series 2018-KF56^(d)(e)		1M US L + 5.80%			11/25/2028		921,764
	1,537,011	Series 2019-KF71^(d)(e)		1M US L + 6.00%			10/25/2029		1,462,613
		FRTKL
	4,050,000	Series 2021-SFR1^(d)		4.11	%		09/17/2026		3,431,973
		Ginnie Mae Strip
	7,226,662	Series 2020-3⁽ⁿ⁾		1.40	%		09/16/2045		557,573
		Great Wolf Trust
	2,500,000	Series 2019-WOLF^(d)(e)		1M US L + 3.13%			12/15/2036		2,393,488
		GS Mortgage Securities Corp. Trust
	1,000,000	Series 2018-RIVR^(d)(e)		1M US L + 1.55%			07/15/2035		559,039
	1,111,000	Series 2021-ARDN^(d)(e)		1M US L + 5.00%			11/15/2023		1,030,253
	1,111,000	Series 2021-ARDN^(d)(e)		1M US L + 5.9332%			11/15/2023		1,019,157
		GS Mortgage Securities Corportation Trust
	691,000	Series 2021-IP^(d)(e)		1M US L + 2.10%			10/15/2023		623,392
	691,000	Series 2021-IP^(d)(e)		1M US L + 3.55%			10/15/2023		617,740
		GS Mortgage Securities Trust
	9,700	Series 2011-GC3^(d)(e)(n)		0.29	%		03/10/2044		0
	288,973	Series 2011-GC5^(d)(e)(n)		1.95	%		08/10/2044		3
	2,417,000	Series 2014-GC26^(d)(e)		4.51	%		11/10/2047		1,531,453
	1,110,000	Series 2015-GC28^(d)(e)		4.45	%		02/10/2048		928,268
	6,887,460	Series 2015-GS1^(e)(n)		0.77	%		11/10/2025		102,190
	1,954,000	Series 2018-TWR^(d)(e)		1M US L + 3.92%			07/15/2031		1,093,929
	636,000	Series 2020-GC45^(e)		3.41	%		12/13/2029		506,351
		GSAA Home Equity Trust
	1,876,435	Series 2006-13^(e)		6.04	%		07/25/2036		597,730
	447,761	Series 2006-18^(l)		6.18	%		11/25/2036		108,748
	140,431	Series 2006-6^(e)		5.69	%		03/25/2036		42,132
	808,040	Series 2007-2^(l)		6.60	%		03/25/2037		200,793
		GSCG Trust
	675,000	Series 2019-600C^(d)(e)		3.99	%		09/06/2024		460,234
		Hardee's Funding LLC
	952,500	Series 2018-1A^(d)		5.71	%		06/20/2028		856,288
		Hayfin Kingsland X, Ltd.
	500,000	Series 2021-1A^(d)(e)		3M US L + 1.85%			04/28/2031		497,144
		Highbridge Loan Management 3-2014
	500,000	Series 2017-2014^(d)(e)		3M US L + 3.60%			07/18/2029		469,310
		Highbridge Loan Management 4-2014, Ltd.
	500,000	Series 2018-2014^(d)(e)		3M US L + 5.55%			01/28/2030		432,661
		Highbridge Loan Management, Ltd.
	500,000	Series 2017-2A^(d)(e)		3M US L + 6.60%			10/20/2029		437,494
	2,000,000	Series 2018-2015^(d)(e)		3M US L + 5.10%			02/05/2031		1,700,507

Principal Amount/Description			Rate			Maturity		Value
		HSI Asset Securitization Corp. Trust
$	5,544,869	Series 2006-HE1^(e)		1M US L + 0.28%			10/25/2036	$	1,826,476
	1,249,258	Series 2007-NC1^(e)		1M US L + 0.18%			04/25/2037		819,720
		ITE Rail Fund Levered LP
	892,562	Series 2021-1A^(d)		2.25	%		02/28/2051		759,888
	683,792	Series 2021-3A^(d)		2.21	%		06/28/2027		590,330
		J.P. Morgan Chase Commercial Mortgage Securities Trust
	2,092,000	Series 2018-AON^(d)(e)		4.61	%		07/05/2023		651,243
		JP Morgan BB Commercial Mortgage Securities Trust
	2,086,000	Series 2014-C23^(d)(e)		3.36	%		11/18/2048		1,617,754
	3,911,150	Series 2015-C28^(e)(n)		1.06	%		03/15/2025		52,175
	7,312,096	Series 2015-C30^(e)(n)		0.57	%		07/15/2025		53,246
	2,844,046	Series 2015-C31^(e)(n)		0.97	%		08/15/2025		40,225
		JP Morgan Chase Commercial Mortgage Securities Trust
	1,157,000	Series 2011-C3^(d)(e)		5.71	%		02/15/2046		497,755
	1,010,000	Series 2018-WPT^(d)(e)		5.54	%		07/05/2023		815,203
	235,000	Series 2019-UES^(d)		4.34	%		05/05/2032		222,373
	1,135,000	Series 2019-UES^(d)(e)		4.45	%		05/05/2032		1,060,832
		JP Morgan Mortgage Acquisition Corp.
	178,503	Series 2006-CH2^(l)		5.46	%		09/25/2029		111,690
		JP Morgan Mortgage Acquisition Trust
	3,419,040	Series 2006-RM1^(e)		1M US L + 0.48%			08/25/2036		1,543,627
		JPMBB Commercial Mortgage Securities Trust
	16,922,760	Series 2014-C24^(e)(n)		0.99	%		09/17/2047		113,714
	1,110,000	Series 2014-C26^(d)(e)		4.01	%		12/15/2024		840,257
	519,000	Series 2015-C27^(e)		4.44	%		02/15/2025		433,322
		JPMCC Commercial Mortgage Securities Trust
	486,000	Series 2017-JP7^(e)		3.78	%		07/15/2027		376,781
		Kestrel Aircraft Funding, Ltd.
	457,342	Series 2018-1A^(d)		4.25	%		10/15/2025		393,450
		Laurel Road Prime Student Loan Trust
	16,494,368	Series 2020-A^(d)		0.00	%		11/25/2050		1,331,491
		LCM 28, Ltd.
	1,000,000	Series 2018-28A^(d)(e)		3M US L + 5.75%			10/20/2030		661,706
		LCM Loan Income Fund I Income Note Issuer, Ltd.
	500,000	Series 2018-27A^(d)(e)		3M US L + 5.60%			07/16/2031		330,193
		LCM XIV LP
	1,000,000	Series 2018-14A^(d)(e)		3M US L + 2.75%			07/20/2031		856,844
	750,000	Series 2018-14A^(d)(e)		3M US L + 5.50%			07/20/2031		492,672
		LCM XVII LP
	1,000,000	Series 2018-17A^(d)(e)		3M US L + 6.00%			10/15/2031		666,411
		LCM XX LP
	1,000,000	Series 2018-20A^(d)(e)		3M US L + 5.45%			10/20/2027		937,360
		LLPL Capital Pte, Ltd.
	1,157,940	Series REGS^(f)		6.88	%		02/04/2039		1,040,635
		LSTAR Commercial Mortgage Trust
	1,150,000	Series 2017-5^(d)(e)		4.83	%		03/10/2027		786,900
		MACH 1 Cayman, Ltd.
	996,189	Series 2019-1^(d)		3.47	%		08/15/2026		839,720

Principal Amount/Description			Rate			Maturity		Value
		Madison Park Funding XIV, Ltd.
$	1,000,000	Series 2018-14A^(d)(e)		3M US L + 5.80%			10/22/2030	$	878,869
		Madison Park Funding XLV, Ltd.
	600,000	Series 2021-45A^(d)(e)		3M US L + 6.35%			07/15/2034		570,971
		Madison Park Funding XXXVIII, Ltd.
	1,000,000	Series 2021-38A^(d)(e)		3M US L + 6.00%			07/17/2034		929,161
		Master Asset Backed Securities Trust
	4,003,591	Series 2006-NC3^(e)		1M US L + 0.21%			10/25/2036		2,024,115
		Merrill Lynch Mortgage Investors Trust
	10,019,434	Series 2006-RM3^(e)		1M US L + 0.48%			06/25/2037		2,202,215
		MetroNet Infrastructure Issuer LLC
	1,000,000	Series 2023-1A^(d)		8.01	%		02/20/2028		981,613
		MFT Trust
	2,010,000	Series 2020-ABC^(d)(e)		3.48	%		02/10/2030		1,157,932
		MKT Mortgage Trust
	250,000	Series 2020-525M^(d)(e)		2.94	%		02/12/2030		91,836
		Morgan Stanley Bank of America Merrill Lynch Trust
	822,000	Series 2015-C21^(e)		4.27	%		02/15/2025		636,239
	1,292,000	Series 2016-C31^(d)(e)		3.00	%		10/15/2026		706,919
	1,100,000	Series 2017-C34^(d)		2.70	%		10/15/2027		644,569
		Morgan Stanley Capital I Trust
	1,087,151	Series 2016-UB11 XA^(e)(n)		1.58	%		08/15/2026		38,121
	765,000	Series 2018-H4^(d)		3.00	%		12/15/2028		423,802
	1,117,000	Series 2018-L1^(e)		4.95	%		10/15/2028		894,384
	750,000	Series 2019-H7		4.13	%		07/15/2029		583,385
	826,000	Series 2021-L6^(e)		3.58	%		07/15/2031		581,420
	10,249,000	Series 2021-L7^(d)(e)(n)		1.04	%		10/15/2031		645,994
		Morgan Stanley Mortgage Loan Trust
	335,919	Series 2007-3XS^(l)		6.20	%		01/25/2047		134,408
		Mosaic Solar Loan Trust
	58,326	Series 2017-1A^(d)		4.45	%		06/20/2042		55,019
	248,991	Series 2018-1A^(d)		4.01	%		08/20/2030		227,703
	1,504,350	Series 2020-1A^(d)		0.00	%		04/20/2046		966,735
	429,341	Series 2020-2A^(d)		3.00	%		06/20/2025		384,350
		MSCG Trust
	1,490,525	Series 2018-SELF^(d)(e)		1M US L + 3.05%			10/15/2037		1,439,652
		MVW 2021-1W LLC
	569,030	Series 2021-1WA^(d)		1.94	%		01/22/2041		511,253
	660,074	Series 2021-1WA^(d)		3.17	%		01/22/2041		584,981
		Navient Private Education Refi Loan Trust
	500,000	Series 2018-A^(d)		3.68	%		11/17/2025		469,516
		Octagon Investment Partners 20-R, Ltd.
	1,500,000	Series 2019-4A^(d)(e)		3M US L + 6.80%			05/12/2031		1,311,191
		Octagon Investment Partners 26, Ltd.
	1,000,000	Series 2018-1A^(d)(e)		3M US L + 8.09%			07/15/2030		772,114
		Octagon Investment Partners 29, Ltd.
	500,000	Series 2020-1A^(d)(e)		3M US L + 3.10%			01/24/2033		447,047
	2,000,000	Series 2020-1A^(d)(e)		3M US L + 7.25%			01/24/2033		1,796,671
		Octagon Investment Partners 37, Ltd.
	500,000	Series 2018-2A^(d)(e)		3M US L + 2.85%			07/25/2030		451,744

Principal Amount/Description			Rate	Maturity		Value
		Octagon Investment Partners 40, Ltd.
$	500,000	Series 2021-1A^(d)(e)	3M US L + 7.00%		01/20/2035	$	426,543
		Octagon Investment Partners 42, Ltd.
	1,000,000	Series 2021-3A^(d)(e)	3M US L + 6.75%		07/15/2034		905,880
		Octagon Investment Partners 46, Ltd.
	1,000,000	Series 2021-2A^(d)(e)	3M US L + 6.60%		07/15/2036		829,891
		Octagon Investment Partners 49, Ltd.
	625,000	Series 2021-5A^(d)(e)	3M US L + 6.75%		01/15/2033		562,117
		Octagon Investment Partners XVI, Ltd.
	500,000	Series 2018-1A^(d)(e)	3M US L + 3.00%		07/17/2030		449,362
	1,000,000	Series 2018-1A^(d)(e)	3M US L + 5.75%		07/17/2030		810,459
		Octagon Investment Partners XXI, Ltd.
	1,000,000	Series 2019-1A^(d)(e)	3M US L + 7.00%		02/14/2031		850,270
		Octagon Investment Partners XXII, Ltd.
	970,000	Series 2018-1A^(d)(e)	3M US L + 1.90%		01/22/2030		934,650
	500,000	Series 2018-1A^(d)(e)	3M US L + 5.45%		01/22/2030		408,116
		OHA Credit Funding 3, Ltd.
	1,000,000	Series 2021-3A^(d)(e)	3M US L + 2.90%		07/02/2035		961,331
	2,000,000	Series 2021-3A^(d)(e)	3M US L + 6.25%		07/02/2035		1,899,347
		OHA Credit Funding 5, Ltd.
	2,000,000	Series 2020-5A^(d)(e)	3M US L + 6.25%		04/18/2033		1,896,799
		Pagaya AI Debt Selection Trust
	1,499,778	Series 2020-3^(d)	6.43%		05/17/2027		1,495,967
	426,890	Series 2021-2^(d)	3.00%		01/25/2029		409,836
	2,000,000	Series 2021-5^(d)	0.00%		08/15/2029		621,764
		PAGAYA AI Debt Trust
	879,236	Series 2022-2^(d)(e)	5.31%		01/15/2030		863,520
		People's Choice Home Loan Securities Trust
	5,000,000	Series 2005-4^(e)	1M US L + 0.65%		12/25/2035		3,101,966
		Progress Residential
	2,500,000	Series 2021-SFR3^(d)	4.75%		05/17/2026		2,201,762
		Progress Residential
	6,900,000	Series 2021-SFR8^(d)	4.01%		10/17/2026		5,915,944
		RR 2, Ltd.
	1,000,000	Series 2021-2A^(d)(e)	3M US L + 5.80%		04/15/2036		889,265
		RR 6, Ltd.
	1,000,000	Series 2021-6A^(d)(e)	3M US L + 5.85%		04/15/2036		860,943
		Sapphire Aviation Finance I, Ltd.
	2,144,720	Series 2018-1A^(d)	5.93%		03/15/2025		1,139,704
		Sapphire Aviation Finance II, Ltd.
	352,943	Series 2020-1A^(d)	3.23%		03/15/2027		296,950
		Signal Rail I LLC
	464,453	Series 2021-1^(d)	2.23%		08/17/2028		388,177
		SLG Office Trust
	1,100,000	Series 2021-OVA^(d)	2.85%		07/15/2031		770,084
		SMB Private Education Loan Trust
	196,737	Series 2018-B^(d)(e)	1M US L + 0.72%		08/15/2027		194,018
	968	Series 2021-A^(d)	0.00%		01/15/2053		2,799,483
		SMR Mortgage Trust
	927,725	Series 2022-IND^(d)(e)	1M US SOFR + 7.50%		02/15/2024		792,558

Principal Amount/Description			Rate			Maturity		Value
		Sofi Alternative Consumer Loan Program
$	50,000	Series 2021-2^(d)		0.00	%		08/15/2030	$	823,099
		Sofi Professional Loan Program Trust
	80,000	Series 2018-C^(d)		0.00	%		01/25/2048		838,469
		Sofi Professional Loan Program, LLC
	32,412	Series 2018-A^(d)		0.00	%		02/25/2042		502,558
		SoFi Professional Loan Program, LLC
	300,000	Series 2017-D^(d)		3.61	%		09/25/2040		265,972
		Sprite, Ltd.
	400,513	Series 2021-1^(d)		3.75	%		10/15/2028		360,198
		Start, Ltd.
	483,702	Series 2018-1^(d)		4.09	%		05/15/2025		422,997
		Sunnova Helios VII Issuer LLC
	1,105,178	Series 2021-C^(d)		2.63	%		10/20/2028		791,290
		Sunnova Sol III Issuer LLC
	1,331,133	Series 2021-1^(d)		2.58	%		04/30/2031		1,051,255
		Sunnova Sol Issuer LLC
	901,611	Series 2020-1A^(d)		3.35	%		01/30/2030		757,048
		Thunderbolt Aircraft Lease, Ltd.
	1,400,439	Series 2017-A^(d)(l)		4.21	%		04/15/2024		1,289,534
		Thunderbolt II Aircraft Lease, Ltd.
	4,464,286	Series 2018-A^(d)(l)		5.07	%		09/15/2038		2,691,263
		TIF Funding II LLC
	324,250	Series 2021-1A^(d)		1.65	%		02/20/2046		268,639
		Tricon Residential
	3,700,000	Series 2021-SFR1^(d)		4.13	%		07/17/2026		3,219,035
		Trimaran Cavu 2019-1, Ltd.
	1,700,000	Series 2019-1A^(d)(e)		3M US L + 4.15%			07/20/2032		1,614,587
		UBS Commercial Mortgage Trust
	31,908,500	Series 2017-C3^(e)(n)		0.55	%		08/15/2050		539,624
	650,000	Series 2017-C4^(e)		4.24	%		09/15/2027		571,659
	520,000	Series 2018-C10^(e)		5.22	%		05/15/2028		436,040
	1,099,000	Series 2018-C8^(e)		4.84	%		02/15/2028		898,978
	928,000	Series 2018-C9^(e)		5.11	%		03/15/2028		678,231
		UBS-Barclays Commercial Mortgage Trust
	1,993,000	Series 2013-C5^(d)(e)		4.08	%		03/12/2046		1,328,676
		Upstart Pass-Through Trust
	124,485	Series 2021-ST1^(d)		2.75	%		02/20/2027		119,349
	277,514	Series 2021-ST2^(d)		2.50	%		04/20/2027		266,766
		Upstart Securitization Trust
	2,000	Series 2021-2		0.00	%		06/20/2031		250,204
		US Auto Funding 2021-1
	1,125,000	Series 2021-1A^(d)		2.20	%		05/15/2026		1,054,788
		Vault DI Issuer LLC
	750,000	Series 2021-1A^(d)		2.80	%		07/15/2026		635,334
		Velocity Commercial Capital Loan Trust
	249,645	Series 2018-2^(d)(e)		4.05	%		09/25/2024		236,538
	523,295	Series 2019-1^(d)(e)		3.94	%		01/25/2027		455,508
	230,081	Series 2019-1^(d)(e)		4.01	%		07/25/2027		194,118
	188,143	Series 2019-1^(d)(e)		4.12	%		11/25/2027		144,737
	1,406,099	Series 2021-2^(d)(e)		4.92	%		12/25/2030		973,347
		VOLT XCVI LLC
	4,000,000	Series 2021-NPL5^(d)(l)		4.83	%		03/27/2051		3,475,445

Principal Amount/Description			Rate			Maturity		Value
		Wachovia Bank Commercial Mortgage Trust
$	8,625	Series 2006-C29^(e)(n)		0.45	%		11/15/2048	$	5
		WAVE LLC
	1,154,033	Series 2019-1^(d)		7.00	%		09/15/2044		142,753
		Wells Fargo Commercial Mortgage Trust
	1,539,000	Series 2015-C28^(e)		4.22	%		05/15/2025		1,256,389
	1,245,000	Series 2015-NXS4^(e)		3.84	%		11/15/2025		1,025,230
	1,000,000	Series 2016-C33^(d)		3.12	%		03/15/2059		763,541
	5,628,945	Series 2016-C37^(d)(e)(n)		1.60	%		12/15/2049		233,076
	356,000	Series 2016-NXS6		3.81	%		11/15/2049		310,634
	134,000	Series 2020-C55		3.14	%		02/15/2030		104,957
	830,000	Series 2021-C61		3.31	%		07/15/2031		564,913
		WFRBS Commercial Mortgage Trust
	320,672	Series 2013-C14		3.49	%		05/15/2023		301,964
		WF-RBS Commercial Mortgage Trust
	2,830,025	Series 2014-C21^(e)(n)		1.15	%		08/15/2047		25,941
	3,519,317	Series 2014-C22^(e)(n)		0.93	%		09/15/2057		20,711
		Willis Engine Structured Trust V
	821,889	Series 2020-A^(d)		3.23	%		03/15/2028		692,643
		Willis Engine Structured Trust VI
	2,170,374	Series 2021-A^(d)		7.39	%		05/15/2046		1,782,005
	1,388,353	Zephyrus Capital Aviation Tl^(e)		1M US L + 4.61%			10/15/2038		1,187,247

TOTAL NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $297,658,099)									228,520,423

U.S. GOVERNMENT BONDS AND NOTES - 12.61%
	10,000,000	U.S. Treasury Bonds		4.13	%		11/15/2032		10,220,312
	1,360,000	U.S. Treasury Bonds		3.50	%		02/15/2033		1,324,937
	19,045,000	U.S. Treasury Bonds		3.38	%		05/15/2033		18,369,498
	1,200,000	U.S. Treasury Bonds		2.25	%		05/15/2041		925,148
	1,895,000	U.S. Treasury Bonds		3.88	%		05/15/2043		1,849,402
	32,000,000	U.S. Treasury Bonds		1.63	%		11/15/2050		19,890,625
	1,000,000	U.S. Treasury Bonds		2.88	%		05/15/2052		829,180
	18,000,000	U.S. Treasury Bonds		3.00	%		08/15/2052		15,311,250
	15,660,000	U.S. Treasury Bonds		4.00	%		11/15/2052		16,090,650
	50,015,000	U.S. Treasury Bonds		3.63	%		05/15/2053		48,076,919
	1,950,000	U.S. Treasury Notes		4.50	%		11/30/2024		1,929,586
	10,370,000	U.S. Treasury Notes		4.63	%		02/28/2025		10,290,605
	2,390,000	U.S. Treasury Notes		3.88	%		03/31/2025		2,343,227
	180,000	U.S. Treasury Notes		4.63	%		06/30/2025		179,188
	395,000	U.S. Treasury Notes		3.75	%		04/15/2026		386,652
	4,950,000	U.S. Treasury Notes		3.63	%		05/15/2026		4,829,924
	365,000	U.S. Treasury Notes		3.63	%		03/31/2028		356,545
	4,655,000	U.S. Treasury Notes		4.00	%		06/30/2028		4,629,907
	255,000	U.S. Treasury Notes		3.63	%		03/31/2030		249,477
	2,540,000	U.S. Treasury Notes		3.75	%		05/31/2030		2,504,876
	215,000	U.S. Treasury Notes		3.75	%		06/30/2030		212,178

TOTAL U.S. GOVERNMENT BONDS AND NOTES
(Cost $172,701,728)									160,800,086

MORTGAGE-BACKED SECURITIES - 0.70%
		Freddie Mac Pool
	1,375,581	Series 2022-		4.50	%		07/01/2052		1,324,270
	2,375,724	Series 2022-		4.50	%		09/01/2052		2,285,940

Principal Amount/Description			Rate			Maturity		Value
$	1,337,510	Series 2022-		4.50	%		10/01/2052	$	1,286,928
	1,950,155	Series 2023-		4.00	%		12/01/2052		1,831,570
		Ginnie Mae II Pool
	2,404,199	Series 2022-		3.00	%		04/20/2052		2,138,091

TOTAL MORTGAGE-BACKED SECURITIES
(Cost $9,049,675)									8,866,799

MUNICIPAL BONDS - 0.02%
	165,000	State of California, General Obligation Bonds		7.55	%		04/01/2039		208,281

TOTAL MUNICIPAL BONDS
(Cost $231,658)									208,281

U.S. GOVERNMENT / AGENCY MORTGAGE BACKED SECURITIES - 19.12%
		Adjustable Rate Mortgage Trust
	1,997,009	Series 2005-10^(e)		4.50	%		01/25/2036		1,577,909
		Alternative Loan Trust
	127,678	Series 2005-20CB		5.50	%		07/25/2035		103,230
	58,528	Series 2005-54CB		5.50	%		11/25/2035		33,992
	635,138	Series 2005-85CB^(e)		1M US L + 1.10%			02/25/2036		488,912
	134,131	Series 2005-85CB^(e)		21.63% - 3.67 x 1M US L			02/25/2036		102,233
	184,323	Series 2005-86CB		5.50	%		02/25/2036		111,849
	147,655	Series 2005-9CB^(e)		1M US L + 0.50%			05/25/2035		128,757
	262,235	Series 2005-9CB^(e)(n)		5.05% - 1M US L			05/25/2035		5,801
	1,028,821	Series 2006-15CB		6.50	%		06/25/2036		522,751
	104,059	Series 2006-30T1		6.25	%		11/25/2036		80,471
	96,597	Series 2006-32CB		5.50	%		11/25/2036		57,278
	222,520	Series 2006-36T2^(e)		28.06% - 4.6 x 1M US L			12/25/2036		156,587
	806,591	Series 2007-19		6.00	%		08/25/2037		418,680
	2,725,907	Series 2007-20		6.25	%		08/25/2047		1,543,685
	758,823	Series 2007-23CB^(e)		1M US L + 0.50%			09/25/2037		304,779
	724,550	Series 2007-23CB^(e)(n)		6.50% - 1M US L			09/25/2037		103,663
		American Home Mortgage Investment Trust
	157,985	Series 2007-A^(d)(l)		6.60	%		01/25/2037		29,713
		Banc of America Funding
	1,628,468	Series 2014-R8^(d)(e)		1M US L + 0.24%			12/26/2024		1,328,616
		Banc of America Funding Trust
	57,753	Series 2006-2		5.50	%		03/25/2036		55,420
		BCAP, LLC Trust
	99,485	Series 2007-AA2^(e)		7.50	%		04/25/2037		57,017
	64,547	Series 2007-AA2		6.00	%		04/25/2037		31,839
	4,809,543	Series 2010-RR6^(d)(e)		3.01	%		07/26/2036		2,293,199
		Bear Stearns ALT-A Trust
	4,718,434	Series 2006-3^(e)		3.80	%		05/25/2036		3,495,334
	783,738	Series 2006-6^(e)		3.73	%		11/25/2036		371,291
		Bear Stearns Asset-Backed Securities Trust
	1,190,757	Series 2006-AC1^(l)		6.25	%		02/25/2036		559,835
		Bear Stearns Structured Products, Inc.
	7,018,059	Series 2008-R2^(d)(e)		3.72	%		06/25/2047		4,998,460
		Chase Mortgage Finance Trust
	3,173,461	Series 2007-S2		6.00	%		03/25/2037		1,724,470
	338,031	Series 2007-S3		5.50	%		05/25/2037		3
	4,304,332	Series 2007-S4		6.00	%		06/25/2037		1,936,775

Principal Amount/Description			Rate			Maturity		Value
		ChaseFlex Trust Series
$	3,416,621	Series 2007-M1^(e)		1M US L + 0.23%			08/25/2037	$	2,869,023
		Citicorp Mortgage Securities Trust
	314,693	Series 2007-1		6.00	%		01/25/2037		276,791
		Citigroup Mortgage Loan Trust
	77,510	Series 2009-12^(d)		5.50	%		11/25/2035		60,474
	201,177	Series 2009-4^(d)(e)		5.48	%		05/25/2035		185,420
		CitiMortgage Alternative Loan Trust
	319,102	Series 2007-A1		6.00	%		01/25/2037		284,029
	62,855	Series 2007-A1^(e)(n)		5.40% - 1M US L			01/25/2037		2,026
	45,473	Series 2007-A3^(e)		6.00	%		03/25/2037		40,725
	104,648	Series 2007-A3^(e)(n)		5.40% - 1M US L			03/25/2037		4,586
	319,318	Series 2007-A6		5.50	%		06/25/2037		262,959
		Connecticut Avenue Securities Trust
	3,991,398	Series 2019-R05^(d)(e)		1M US L + 4.10%			07/25/2039		4,102,672
	4,250,000	Series 2022-R02^(d)(e)		30D US SOFR + 7.65%			01/25/2027		4,243,886
	3,685,000	Series 2022-R03^(d)(e)		30D US SOFR + 9.85%			03/25/2042		4,025,412
		Countrywide Home Loan Mortgage Pass-Through Trust
	1,180,365	Series 2005-HYB7^(e)		3.67	%		11/20/2035		1,056,570
	21,017	Series 2005-J4		5.50	%		11/25/2035		17,065
	1,153,026	Series 2006-18		6.00	%		12/25/2036		665,556
	139,248	Series 2007-17		6.00	%		10/25/2037		102,761
	201,131	Series 2007-3		6.00	%		04/25/2037		102,447
	227,102	Series 2007-7		5.75	%		06/25/2037		120,025
		Credit Suisse First Boston Mortgage Securities Corp.
	44,957	Series 2005-10		5.50	%		11/25/2035		34,249
	27,814	Series 2005-8		5.50	%		08/25/2025		22,349
	4,004,198	Series 2005-9		6.00	%		10/25/2035		1,288,816
		Credit Suisse Mortgage Capital Certificates
	1,723,702	Series 2006-2		5.75	%		03/25/2036		963,016
		CSMC
	900,000	Series 2021-NQM6^(d)(e)		2.58	%		07/25/2066		520,723
		CSMC Mortgage-Backed Trust
	143,580	Series 2006-1		6.00	%		02/25/2036		48,728
	13,043	Series 2006-4		5.50	%		05/25/2021		7,466
	792,268	Series 2006-5		6.25	%		06/25/2036		172,385
	62,049	Series 2006-9		6.00	%		11/25/2036		38,119
	4,403	Series 2007-2		5.00	%		03/25/2037		3,429
	454,080	Series 2007-3^(e)		5.84	%		04/25/2037		112,956
		Deutsche Alt-A Securities, Inc. Mortgage Loan Trust
	179,050	Series 2005-6^(e)(n)		5.08% - 1M US L			12/25/2035		8,535
	78,534	Series 2005-6^(e)		1M US L + 1.40%			12/25/2035		61,621
		Deutsche Mortgage Securities, Inc. Mortgage Loan Trust
	104,314	Series 2006-PR1^(d)(e)		12.12% - 1M US L			04/15/2036		89,049
		Fannie Mae Interest Strip
	6,189,788	Series 2014-419⁽ⁿ⁾		3.50	%		04/25/2044		927,678
		Fannie Mae Pool
	4,096,572	Series 2021-		3.00	%		10/01/2046		3,670,765
	2,038,541	Series 2021-		3.00	%		12/01/2048		1,816,895
	1,663,333	Series 2021-		4.00	%		05/01/2049		1,585,341
	2,106,198	Series 2021-		4.00	%		06/01/2049		2,009,533

Principal Amount/Description			Rate	Maturity		Value
$	1,396,461	Series 2021-	2.50%		05/01/2051	$	1,190,482
	3,148,064	Series 2021-	3.50%		07/01/2051		2,903,466
	2,436,335	Series 2021-	2.50%		12/01/2051		2,068,501
	3,481,386	Series 2022-	3.50%		11/01/2050		3,209,821
	1,615,943	Series 2022-	5.00%		07/01/2052		1,585,630
	3,000,000	Series Pool #BL4424	2.14%		10/01/2029		2,616,064
	3,000,000	Series Pool #BL5156	2.37%		12/01/2029		2,628,320
		Fannie Mae REMICS
	5,314,771	Series 2014-1^(e)(n)	5.90% - 1M US L		02/25/2044		556,211
	5,836,527	Series 2015-54^(e)(n)	6.15% - 1M US L		07/25/2045		612,599
	9,076,201	Series 2020-74^(e)(n)	4.10% - 30D US SOFR		10/25/2050		349,381
	18,736,525	Series 2020-77^(e)(n)	4.10% - 30D SOFR		11/25/2050		697,068
	2,205,268	Series 2021-48^(e)(n)	3.65% - 30D US SOFR		08/25/2051		69,832
	15,130,713	Series 2021-56⁽ⁿ⁾	2.50%		09/25/2051		1,763,960
		Federal Home Loan Mortgage Corp. Pool
	114,399	Series Pool #G01840	5.00%		07/01/2035		115,419
	42,563	Series Pool #G04817	5.00%		09/01/2038		42,943
		Federal Home Loan Mortgage Corp. REMICS
	596,409	Series 2003-2722^(e)	9.89% - 1M US L		12/15/2033		586,839
	107,974	Series 2005-R003	5.50%		10/15/2035		108,617
	861,632	Series 2006-3244^(e)(n)	6.66% - 1M US L		11/15/2036		72,264
	42,269	Series 2007-3261^(e)(n)	6.43% - 1M US L		01/15/2037		3,018
	82,699	Series 2007-3262^(e)(n)	6.40% - 1M US L		01/15/2037		4,031
	330,138	Series 2007-3301^(e)(n)	6.10% - 1M US L		04/15/2037		22,346
	246,154	Series 2007-3303^(e)(n)	6.10% - 1M US L		04/15/2037		18,031
	61,180	Series 2007-3382^(e)(n)	6.00% - 1M US L		11/15/2037		3,182
	222,176	Series 2007-3384^(e)(n)	6.31% - 1M US L		08/15/2036		16,326
	72,240	Series 2007-3384^(e)(n)	6.39% - 1M US L		11/15/2037		3,477
	32,028	Series 2008-3417^(e)(n)	6.18% - 1M US L		02/15/2038		1,823
	1,311,869	Series 2008-3423^(e)(n)	6.00% - 1M US L		03/15/2038		5,305
	86,535	Series 2008-3423^(e)(n)	5.65% - 1M US L		03/15/2038		4,058
	814,305	Series 2009-3510^(e)(n)	6.75% - 1M US L		02/15/2037		54,036
	220,585	Series 2009-3523^(e)(n)	6.00% - 1M US L		04/15/2039		12,433
	39,436	Series 2009-3524^(e)(n)	3.41%		06/15/2038		36,905
	3,302	Series 2009-3549^(e)(n)	5.80% - 1M US L		07/15/2039		207
	433,765	Series 2009-3560^(e)(n)	6.40% - 1M US L		11/15/2036		15,660
	143,805	Series 2010-3641	4.50%		03/15/2040		139,429
	217,342	Series 2010-3726^(e)(n)	6.05% - 1M US L		09/15/2040		17,057
	700,118	Series 2010-3728^(e)(n)	4.45% - 1M US L		09/15/2040		19,532
	290,765	Series 2010-3779	3.50%		12/15/2030		277,908
	57,675	Series 2010-3779	4.00%		12/15/2030		55,851
	246,576	Series 2010-3779	4.50%		12/15/2040		241,568
	27,133	Series 2011-3786^(e)	9.50% - 1M US L		01/15/2041		19,970
	179,146	Series 2011-3808	3.50%		02/15/2031		171,128
	473,106	Series 2011-3815^(e)(n)	5.85% - 1M US L		02/15/2041		34,077
	158,929	Series 2011-3824	3.50%		03/15/2031		151,818
	237,325	Series 2011-3824^(e)(n)	7.10% - 1M US L		08/15/2036		26,206
	265,601	Series 2011-3863	5.50%		08/15/2034		266,000
	302,749	Series 2011-3864^(e)	9.20% - 1M US L		05/15/2041		225,197
	283,921	Series 2011-3871	5.50%		06/15/2041		286,091
	266,512	Series 2011-3872^(e)(n)	5.95% - 1M US L		06/15/2041		16,422
	1,754,881	Series 2011-3910	5.00%		08/15/2041		1,760,977
	1,151,515	Series 2011-3924^(e)(n)	6.00% - 1M US L		09/15/2041		53,703
	1,543,379	Series 2012-3^(e)(n)	5.95% - 1M US L		02/25/2042		123,410
	875,984	Series 2013-4170^(e)	4.05% - 1M US L		01/15/2033		752,489
	2,097,207	Series 2013-4239^(k)	0.00%		07/15/2043		1,272,459
	2,701,474	Series 2014-4413	3.50%		11/15/2044		2,489,615

Principal Amount/Description			Rate	Maturity		Value
$	3,850,875	Series 2015-4434	3.00%		02/15/2045	$	3,247,678
	3,694,070	Series 2015-4440	2.50%		02/15/2045		3,159,924
		Federal National Mortgage Association Pool
	31,344	Series Pool #555743	5.00%		09/01/2033		31,586
	36,681	Series Pool #735382	5.00%		04/01/2035		36,964
	102,079	Series Pool #735383	5.00%		04/01/2035		102,869
	65,484	Series Pool #735484	5.00%		05/01/2035		65,991
	18,865	Series Pool #AH4437	4.00%		01/01/2041		17,452
		Federal National Mortgage Association REMICS
	21,361	Series 2004-46^(e)(n)	6.00% - 1M US L		03/25/2034		243
	130,801	Series 2006-101^(e)(n)	6.58% - 1M US L		10/25/2036		11,468
	374,012	Series 2006-123^(e)(n)	6.32% - 1M US L		01/25/2037		31,991
	1,753,538	Series 2006-92^(e)(n)	6.58% - 1M US L		10/25/2036		152,785
	53,212	Series 2007-102^(e)(n)	6.40% - 1M US L		11/25/2037		2,852
	38,072	Series 2007-108^(e)(n)	6.36% - 1M US L		12/25/2037		2,118
	7,422	Series 2007-30^(e)(n)	6.11% - 1M US L		04/25/2037		366
	226,821	Series 2007-38^(e)(n)	6.08% - 1M US L		05/25/2037		9,461
	9,348	Series 2007-51^(e)(n)	6.10% - 1M US L		06/25/2037		410
	27,669	Series 2007-53^(e)(n)	6.10% - 1M US L		06/25/2037		1,268
	262,722	Series 2007-57^(e)(n)	6.62% - 1M US L		10/25/2036		20,372
	57,739	Series 2007-68^(e)(n)	6.65% - 1M US L		07/25/2037		3,642
	373,987	Series 2008-3^(e)(n)	6.46% - 1M US L		02/25/2038		24,239
	35,895	Series 2008-56^(e)(n)	6.06% - 1M US L		07/25/2038		1,178
	10,217	Series 2008-81	5.50%		09/25/2038		10,224
	120,684	Series 2009-111	5.00%		01/25/2040		118,206
	56,021	Series 2009-111^(e)(n)	6.25% - 1M US L		01/25/2040		4,894
	514,868	Series 2009-12^(e)(n)	6.60% - 1M US L		03/25/2036		29,712
	14,368	Series 2009-28^(e)(n)	6.00% - 1M US L		04/25/2037		611
	92,912	Series 2009-41	4.50%		06/25/2039		89,828
	40,899	Series 2009-42^(e)(n)	6.00% - 1M US L		06/25/2039		2,208
	77,115	Series 2009-47^(e)(n)	6.10% - 1M US L		07/25/2039		4,968
	31,661	Series 2009-62^(e)(n)	6.10% - 1M US L		08/25/2039		893
	34,500	Series 2009-66^(e)(n)	5.80% - 1M US L		02/25/2038		1,894
	27,045	Series 2009-68^(e)(n)	5.25% - 1M US L		09/25/2039		887
	93,526	Series 2010-11^(e)(n)	4.80% - 1M US L		02/25/2040		3,371
	17,294	Series 2010-111^(e)(n)	6.00% - 1M US L		10/25/2040		786
	49,279	Series 2010-112	4.00%		10/25/2040		45,994
	71,973	Series 2010-115^(e)(n)	6.60% - 1M US L		11/25/2039		5,593
	933,420	Series 2010-115^(e)(n)	6.00% - 1M US L		10/25/2040		83,616
	2,172,036	Series 2010-123^(e)(n)	6.05% - 1M US L		11/25/2040		187,880
	381,631	Series 2010-15^(e)(n)	4.95% - 1M US L		03/25/2040		16,480
	22,337	Series 2010-34^(e)(n)	4.93% - 1M US L		04/25/2040		983
	30,679	Series 2010-4^(e)(n)	6.23% - 1M US L		02/25/2040		1,631
	35,261	Series 2010-58^(e)	12.47% - 1M US L		06/25/2040		30,013
	1,279,153	Series 2010-75	4.50%		07/25/2040		1,247,196
	96,409	Series 2010-9^(e)(n)	4.75% - 1M US L		02/25/2040		2,367
	18,321	Series 2010-9^(e)(n)	5.30% - 1M US L		02/25/2040		759
	5,220	Series 2010-90^(e)(n)	6.00% - 1M US L		08/25/2040		346
	146,652	Series 2011-16	3.50%		03/25/2031		139,946
	139,276	Series 2011-25	3.00%		04/25/2026		134,665
	167,336	Series 2011-29	3.50%		04/25/2031		159,656
	1,751,047	Series 2012-106^(e)(n)	6.16% - 1M US L		10/25/2042		138,355
	262,964	Series 2012-124^(e)	7.79% - 1M US L		11/25/2042		180,318
	107,045	Series 2012-29^(e)(n)	6.00% - 1M US L		04/25/2042		7,432
	315,870	Series 2012-32⁽ⁿ⁾	5.00%		04/25/2042		48,307
	1,662,216	Series 2012-65^(e)(n)	5.98% - 1M US L		06/25/2042		140,293
	650,714	Series 2018-21^(k)	0.00%		04/25/2048		496,233

Principal Amount/Description			Rate	Maturity		Value
		First Horizon Alternative Mortgage Securities Trust
$	466,609	Series 2005-FA6	5.50%		09/25/2035	$	258,581
		First Horizon Mortgage Pass-Through Trust
	502,155	Series 2007-AR3^(e)	3.93%		11/25/2037		260,282
		Freddie Mac Pool
	3,901,380	Series 2021-	2.00%		11/01/2050		3,260,276
	3,975,625	Series 2021-	3.00%		10/01/2051		3,510,267
	1,588,454	Series 2022-	3.00%		03/01/2052		1,410,813
	3,775,111	Series 2022-	3.50%		06/01/2052		3,443,671
	2,529,770	Series 2022-	4.00%		06/01/2052		2,377,249
		Freddie Mac REMICS
	2,212,944	Series 2011-3972^(e)(n)	5.90% - 1M US L		12/15/2041		167,737
	2,210,569	Series 2020-5007^(e)(n)	6.10% - 1M US L		08/25/2050		244,353
	4,066,138	Series 2020-5041⁽ⁿ⁾	2.00%		11/25/2050		457,470
	11,742,831	Series 2020-5057⁽ⁿ⁾	3.00%		11/25/2050		1,847,621
	9,127,077	Series 2021-5070⁽ⁿ⁾	3.50%		02/25/2051		1,371,917
		Freddie Mac STACR REMIC Trust
	4,300,000	Series 2020-DNA6^(d)(e)	30D US SOFR + 5.65%		12/25/2050		4,255,163
	2,500,000	Series 2021-DNA1^(d)(e)	30D US SOFR + 4.75%		01/25/2051		2,293,490
	2,750,000	Series 2021-HQA2^(d)(e)	30D US SOFR + 3.15%		12/25/2033		2,607,141
		GCAT
	1,500,000	Series 2021-NQM4^(d)(e)	2.47%		08/25/2025		850,342
		Ginnie Mae II Pool
	5,214,320	Series 2021-	2.50%		10/20/2051		4,501,225
	1,538,484	Series 2021-	2.50%		11/20/2051		1,319,267
		Government National Mortgage Association
	27,229	Series 2004-83^(e)(n)	6.08% - 1M US L		10/20/2034		1,149
	25,297	Series 2008-6^(e)(n)	6.46% - 1M US L		02/20/2038		62
	23,687	Series 2008-67^(e)(n)	6.00% - 1M US L		08/20/2038		56
	372,418	Series 2008-69^(e)(n)	7.63% - 1M US L		08/20/2038		22,177
	36,748	Series 2009-10^(e)(n)	6.65% - 1M US L		02/16/2039		2,788
	384,081	Series 2009-35	4.50%		05/20/2039		371,450
	1,640,897	Series 2009-58^(e)(n)	6.25% - 1M US L		06/20/2039		90,552
	26,969	Series 2009-6^(e)(n)	5.95% - 1M US L		02/20/2038		12
	747,862	Series 2009-75	5.00%		09/20/2039		736,642
	1,775,261	Series 2010-121^(e)(n)	6.00% - 1M US L		09/20/2040		157,063
	28,977	Series 2010-61^(e)(n)	6.55% - 1M US L		09/20/2039		1,225
	44,177	Series 2010-98^(e)(n)	5.49%		03/20/2039		2,265
	31,049,964	Series 2010-H20^(e)(n)	1.40%		10/20/2060		815,847
	237,904	Series 2011-69^(k)	0.00%		05/20/2041		197,820
	760,675	Series 2011-71	4.50%		02/20/2041		749,480
	537,251	Series 2011-71^(e)(n)	5.40% - 1M US L		05/20/2041		33,217
	161,352	Series 2011-72^(e)(n)	6.15% - 1M US L		05/20/2041		9,730
	813,934	Series 2011-89^(e)(n)	5.45% - 1M US L		06/20/2041		50,349
	1,586,656	Series 2013-113^(e)(n)	6.25% - 1M US L		03/20/2043		58,605
	2,888,530	Series 2013-122^(e)(n)	6.10% - 1M US L		08/16/2043		254,909
	2,267,042	Series 2013-148^(e)(n)	5.68% - 1M US L		10/16/2043		145,973
	2,342,882	Series 2013-186^(e)(n)	6.25% - 1M US L		02/16/2043		109,886
	1,793,221	Series 2014-156^(e)(n)	6.25% - 1M US L		10/20/2044		156,501
	3,566,241	Series 2014-4^(e)(n)	6.10% - 1M US L		01/16/2044		317,937
	4,467,508	Series 2014-41^(e)(n)	6.10% - 1M US L		03/20/2044		385,428
	1,805,097	Series 2014-5^(e)(n)	6.15% - 1M US L		07/20/2043		83,051
	2,982,277	Series 2014-95^(e)(n)	6.25% - 1M US L		06/16/2044		196,993
	14,655,435	Series 2016-162^(e)(n)	0.68%		09/16/2058		446,346
	14,351,724	Series 2016-H21^(e)(n)	0.05%		09/20/2066		561,550

Principal Amount/Description			Rate			Maturity		Value
$	4,993,039	Series 2018-97^(e)(n)		6.20% - 1M US L			07/20/2048	$	422,085
	10,451,630	Series 2019-22^(e)(n)		5.60% - 1M US L			02/20/2045		918,915
	4,656,014	Series 2019-92^(e)(n)		6.10% - 1M US L			07/20/2049		427,945
	18,146,625	Series 2019-H10^(e)(n)		0.01	%		06/20/2069		543,250
	4,730,467	Series 2019-H18^(e)(n)		0.04	%		11/20/2069		191,384
	9,478,866	Series 2020-112^(e)(n)		6.25% - 1M US L			08/20/2050		882,661
	13,084,138	Series 2020-146^(e)(n)		6.30% - 1M US L			10/20/2050		1,302,008
	17,047,405	Series 2020-146^(e)(n)		3.75% - 1M US L			10/20/2050		572,641
	12,472,610	Series 2020-167^(e)(n)		3.75% - 1M US L			11/20/2050		278,376
	17,606,664	Series 2020-168^(e)(n)		0.98	%		12/16/2062		1,204,352
	4,728,084	Series 2020-188^(e)(n)		6.30% - 1M US L			11/20/2050		604,600
	18,603,514	Series 2020-H18^(e)(n)		0.00	%		09/20/2070		839,236
	15,371,290	Series 2021-1⁽ⁿ⁾		2.50	%		01/20/2051		2,087,326
	10,489,716	Series 2021-1^(e)(n)		6.30% - 1M US L			01/20/2051		1,219,719
	10,263,481	Series 2021-107^(e)(n)		3.75% - 1M US L			06/20/2051		381,589
	1,609,374	Series 2021-117⁽ⁿ⁾		3.50	%		06/20/2051		228,470
	13,830,481	Series 2021-160⁽ⁿ⁾		2.50	%		06/20/2051		1,599,141
	17,314,347	Series 2021-52^(e)(n)		0.72	%		04/16/2063		985,453
	24,351,149	Series 2021-59^(e)(n)		2.60% - 30D US SOFR			04/20/2051		289,170
	13,497,215	Series 2021-7⁽ⁿ⁾		2.50	%		01/20/2051		1,748,490
	13,760,797	Series 2021-76⁽ⁿ⁾		3.00	%		08/20/2050		1,968,208
	12,380,432	Series 2021-77^(e)(n)		3.75% - 1M US L			05/20/2051		360,210
	16,052,990	Series 2021-77⁽ⁿ⁾		2.50	%		05/20/2051		1,820,250
	6,254,548	Series 2021-89^(e)(n)		3.75% - 1M US L			05/20/2051		167,261
	9,815,798	Series 2021-97^(e)(n)		3.75% - 1M US L			06/20/2051		243,073
	30,030,704	Series 2021-97^(e)(n)		3M US L + 2.44%			06/20/2051		398,649
	30,777,100	Series 2021-H06^(e)(n)		0.07	%		04/20/2071		707,759
	12,780,748	Series 2021-H08^(e)(n)		0.03	%		05/20/2071		258,580
	58,293,184	Series 2021-H12^(e)(n)		0.02	%		08/20/2071		912,207
	38,453,432	Series 2022-1^(e)(n)		2.65% - 30D US SOFR			01/20/2052		480,533
	26,964,178	Series 2022-48^(e)(n)		0.71	%		01/16/2064		1,664,132
		GSR Mortgage Loan Trust
	909,651	Series 2006-2F		5.25	%		02/25/2036		416,790
	1,566,042	Series 2007-2F		6.00	%		03/25/2037		888,083
	682,095	Series 2007-AR2^(e)		3.70	%		05/25/2037		393,284
		Homeward Opportunities Fund Trust
	182,101	Series 2020-BPL1^(d)(l)		5.44	%		08/25/2025		177,221
		Impac CMB Trust
	85,267	Series 2004-10^(e)		1M US L + 0.70%			03/25/2035		70,847
		Imperial Fund Mortgage Trust
	1,000,000	Series 2021-NQM4^(d)(e)		3.45	%		01/25/2057		651,664
		IndyMac IMJA Mortgage Loan Trust
	981,247	Series 2007-A1		6.00	%		08/25/2037		417,396
		IndyMac IMSC Mortgage Loan Trust
	4,668,912	Series 2007-F2		6.50	%		07/25/2037		1,546,293
		JP Morgan Alternative Loan Trust
	156,059	Series 2005-S1		6.00	%		12/25/2035		108,828
	25,396	Series 2006-S3^(l)		6.62	%		08/25/2036		24,026
		JP Morgan Mortgage Trust
	5,270,095	Series 2005-S2		6.00	%		09/25/2035		3,968,762
	787,153	Series 2007-S3		6.00	%		07/25/2037		427,648
		JP Morgan Resecuritization Trust
	530,681	Series 2011-1^(d)(e)		6.00	%		06/26/2037		397,977
	2,019,243	Series 2014-6^(d)(e)		1M US L + 0.21%			07/27/2046		1,873,303
		Legacy Mortgage Asset Trust
	13,993,133	Series 2019-GS7^(d)(l)		7.50	%		11/25/2059		12,867,101

Principal Amount/Description			Rate			Maturity		Value
		Lehman Mortgage Trust
$	393,277	Series 2006-6		5.50	%		10/25/2036	$	274,670
	3,846,969	Series 2006-7^(e)		1M US L + 0.25%			11/25/2036		307,458
	3,846,969	Series 2006-7^(e)(n)		7.75% - 1M US L			11/25/2036		367,825
	1,158,030	Series 2006-8^(e)		1M US L + 0.42%			12/25/2036		246,065
	1,158,030	Series 2006-8^(e)(n)		6.58% - 1M US L			12/25/2036		124,942
	253,143	Series 2007-10		6.50	%		01/25/2038		77,902
		LHOME Mortgage Trust
	700,817	Series 2021-RTL1^(d)(e)		2.09	%		02/25/2026		691,572
	4,400,000	Series 2021-RTL1^(d)(e)		4.46	%		02/25/2026		3,882,098
	1,500,000	Series 2021-RTL2^(d)(l)		4.61	%		01/25/2024		1,293,734
		Merrill Lynch Alternative Note Asset Trust
	687,842	Series 2007-F1		6.00	%		03/25/2037		78,473
		Morgan Stanley Mortgage Loan Trust
	1,030,625	Series 2005-3AR^(e)		4.62	%		07/25/2035		861,461
	2,318,927	Series 2006-11		6.00	%		08/25/2036		1,564,188
	2,528,152	Series 2006-1AR^(e)		1M US L + 0.28%			02/25/2036		1,588,824
	620,148	Series 2006-7^(e)		5.22	%		06/25/2036		411,900
	667,175	Series 2006-7		6.00	%		06/25/2036		364,528
		Morgan Stanley Re-REMIC Trust
	7,784	Series 2011-R1^(d)(e)		5.94	%		02/26/2037		7,787
		Morgan Stanley Residential Mortgage Loan Trust
	297,136	Series 2020-RPL1^(d)(e)		2.69	%		10/25/2023		288,541
		NewRez Warehouse Securitization Trust
	3,943,333	Series 2021-1^(d)(e)		1M US L + 5.25%			05/25/2055		3,916,665
		Nomura Asset Acceptance Corp. Alternative Loan Trust
	971,277	Series 2005-AP3^(e)		5.32	%		08/25/2035		475,458
		PR Mortgage Loan Trust
	6,492,207	Series 2014-1^(d)(e)		5.88	%		10/25/2049		5,896,022
		Prime Mortgage Trust
	47,368	Series 2006-DR1^(d)		5.50	%		05/25/2035		38,850
		PRPM LLC
	9,545,373	Series 2022-5^(d)(l)		6.90	%		09/27/2027		9,405,462
		RBSGC Structured Trust
	106,463	Series 2008-B^(d)		6.00	%		06/25/2037		93,007
		Residential Accredit Loans, Inc.
	3,154,991	Series 2006-QA5^(e)		1M US L + 0.22%			07/25/2036		1,345,674
	1,250,429	Series 2006-QS10		6.50	%		08/25/2036		1,050,023
	306,597	Series 2006-QS6		6.00	%		06/25/2036		244,634
	751,628	Series 2006-QS7		6.00	%		06/25/2036		599,435
	39,515	Series 2006-QS7^(e)		1M US L + 0.40%			06/25/2036		28,522
	118,544	Series 2006-QS7^(e)(n)		5.60% - 1M US L			06/25/2036		5,587
	52,006	Series 2006-QS8^(e)		1M US L + 0.45%			08/25/2036		37,754
	156,019	Series 2006-QS8^(e)(n)		5.55% - 1M US L			08/25/2036		10,972
	4,872	Series 2007-QS6^(e)		55.00% - 8.33 x 1M US L			04/25/2037		4,804
	452,202	Series 2007-QS9		6.50	%		07/25/2037		364,585
	243,936	Series 2008-QR1		6.00	%		08/25/2036		185,637
		Residential Asset Securitization Trust
	382,944	Series 2006-A1		6.00	%		04/25/2036		187,583
	861,709	Series 2006-A2		6.00	%		05/25/2036		373,934
	903,474	Series 2006-A6		6.50	%		07/25/2036		279,300
	246,289	Series 2006-A8		6.00	%		08/25/2036		165,698
	147,725	Series 2006-A8		6.50	%		08/25/2036		44,444
	312,770	Series 2006-A8^(e)(n)		5.90% - 1M US L			08/25/2036		30,575

Principal Amount/Description		Rate			Maturity		Value
$1,329,926	Series 2007-A1		6.00	%		03/25/2037	$	456,221
56,859	Series 2007-A6		6.00	%		06/25/2037		33,278
2,532,396	Series 2007-A7		6.00	%		07/25/2037		1,097,631
	Residential Funding Mortgage Securities I Trust
384,502	Series 2006-S3		5.50	%		03/25/2036		308,854
74,336	Series 2006-S6		6.00	%		07/25/2036		62,109
209,821	Series 2007-S3		6.00	%		03/25/2037		151,021
118,094	Series 2007-S6		6.00	%		06/25/2037		89,317
	Residential Mortgage Loan Trust
3,250,000	Series 2020-1^(d)(e)		4.67	%		01/26/2060		2,528,026
	Sequoia Mortgage Trust
897,812	Series 2007-3^(e)		3.72	%		07/20/2037		725,881
	Structured Adjustable Rate Mortgage Loan Trust
498,058	Series 2005-15^(e)		4.24	%		07/25/2035		299,498
	Structured Asset Securities Corp.
139,911	Series 2005-RF1^(d)(e)		1M US L + 0.35%			03/25/2035		119,855
139,911	Series 2005-RF1^(d)(e)(n)		0.00	%		03/25/2035		690
	TBW Mortgage-Backed Trust
1,395,044	Series 2006-2		7.00	%		07/25/2036		254,382
	Verus Securitization Trust
2,300,000	Series 2019-INV3^(d)(e)		3.28	%		11/25/2059		1,940,255
1,500,000	Series 2021-4^(d)(e)		2.20	%		07/25/2066		865,080
1,400,000	Series 2021-6^(d)(e)		4.05	%		10/25/2066		934,723
2,000,000	Series 2021-7^(d)(e)		4.19	%		10/25/2066		1,261,263
7,706,000	Series 2022-4^(d)(e)		4.71	%		04/25/2067		5,666,082
1,844,535	Series 2023-3^(d)(e)(l)		6.44	%		03/25/2068		1,834,099
1,897,866	Series 2023-INV1^(d)(e)(l)		6.00	%		02/25/2068		1,881,809
	Wachovia Mortgage Loan Trust, LLC Series Trust
94,299	Series 2005-B^(e)		4.17	%		10/20/2035		89,441
	Washington Mutual Alternative Mortgage Pass-Through Certificates
38,079	Series 2005-9		5.50	%		11/25/2035		29,222
313,001	Series 2006-5		6.00	%		07/25/2036		218,834
	Washington Mutual Mortgage Pass-Through Certificates Trust
522,149	Series 2006-2		6.00	%		03/25/2036		491,105
	Wells Fargo Alternative Loan Trust
205,607	Series 2007-PA2^(e)		1M US L + 0.43%			06/25/2037		165,853
205,602	Series 2007-PA2^(e)(n)		6.07% - 1M US L			06/25/2037		14,677
116,507	Series 2007-PA3		5.75	%		07/25/2037		97,649
249,426	Series 2007-PA3		6.25	%		07/25/2037		211,381

TOTAL U.S. GOVERNMENT / AGENCY MORTGAGE BACKED SECURITIES
(Cost $354,829,439)								243,844,846

Shares/Description

Value

Warrants - 0.00%(m)

219,520

Oas SA, Strike Price 1.00, Expires 05/16/2039^(g)

–

TOTAL WARRANTS

(Cost $0)

–

Shares/Description			Value
Short-Term Investments - 6.72%
Money Market Fund - 4.06%
	51,846,477	State Street Institutional Trust (7 Day Yield 5.00%)	$	51,846,477

Principal Amount/Description		Rate			Maturity		Value
U.S. Treasury - 2.66%
$20,000,000	United States Treasury Bill^(k)		0.00	%		07/27/2023	$	19,933,183
10,000,000	United States Treasury Bill^(k)		0.00	%		12/28/2023	$	9,741,344
4,170,000	United States Treasury Bill^(k)		0.00	%		07/20/2023	$	4,160,149
70,000	United States Treasury Bill^(k)		0.00	%		07/11/2023	$	69,923
								33,904,599

TOTAL SHORT-TERM INVESTMENTS
(Cost $85,786,849)								85,751,076


TOTAL INVESTMENTS - 99.37%
(Cost $1,533,764,852)							$	1,267,008,993
CASH SEGREGATED AT CUSTODIAN FOR FORWARD FOREIGN CURRENCY CONTRACTS - 0.09%								1,103,984
OTHER ASSETS IN EXCESS OF LIABILITIES - 0.54%								6,930,850
NET ASSETS - 100.00%							$	1,275,043,827

Investment Abbreviations:

LIBOR - London Interbank Offered Rate

LLC - Limited Liability Company

LP - Limited Partnership

SOFR - Secured Overnight Financing Rate Data

TI - Treasury Index

Libor Rates:

1M US L - 1 Month LIBOR as of June 30, 2023 was 5.22%

3M US L - 3 Month LIBOR as of June 30, 2023 was 5.55%

6M US L - 6 Month LIBOR as of June 30, 2023 was 5.76%

1D SOFR - 1 Day SOFR as of June 30, 2023 was 5.09%

30D SOFR - 30 Day SOFR as of June 30, 2023 was 5.06%

1Y US TI - 1 Year TI as of June 30, 2023 was 5.40%

5Y US TI - 5 Year TI as of June 30, 2023 was 4.13%

10Y US TI - 10 Year TI as of June 30, 2023 was 3.81%

^(a)	Security has no contractual maturity date, is not redeemable and contractually pays an indefinite stream of interest.
^(b)	Non-income producing security.
^(c)	Affiliated company. See Notes to Quarterly Schedule of Investments.
^(d)	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities have been deemed liquid under procedures approved by the Fund's Board of Trustees and may normally be sold to qualified institutional buyers in transactions exempt from registration. Total fair value of Rule 144A securities amounts to $373,335,314, which represents approximately 29.28% of net assets as of June 30, 2023.

^(e)	Variable rate investment. Interest rates reset periodically. Interest rate shown reflects the rate in effect at June 30, 2023. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description above. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above.
^(f)	Securities were purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration. Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. These securities have been deemed liquid under procedures approved by the Fund's Board of Trustees (The "Board"). As of June 30, 2023, the aggregate fair value of those securities was $22,514,927, representing 1.77% of net assets.
^(g)	The Level 3 assets were a result of unavailable quoted prices from an active market or the unavailability of other significant observable inputs.
^(h)	Pay-in-kind securities. Rate paid in-kind is shown in parenthesis.
⁽ⁱ⁾	Security is currently in default.
^(j)	Security does not have a market value or rate. Security will not be entitled to distributions in respect of principal or interest other than excess interest paid with respect to the mortgage loans.
^(k)	Issued with a zero coupon. Income is recognized through the accretion of discount.
^(l)	Step up bond. Coupon changes periodically based upon a predetermined schedule. Interest rate disclosed is that which is in effect at June 30, 2023.
^(m)	Less than 0.005%.
⁽ⁿ⁾	Interest only securities.

See Notes to Quarterly Schedule of Investments.

Description	Contracts		Expiration Date	Notional Value		Value and Unrealized Appreciation/(Depreciation)
10-Yr U.S. Treasury Note Futures		325	September 2023	$	38,492,188	$	(262,270	)
				$	38,492,188	$	(262,270	)

RiverNorth/Oaktree High Income Fund

SCHEDULE OF INVESTMENTS

June 30, 2023 (Unaudited)

Shares/Description			Value

BUSINESS DEVELOPMENT COMPANIES - 1.95%
	1,100,000	Golub Capital BDC, Inc., 3.375%, 04/15/2024	$	1,069,368

TOTAL BUSINESS DEVELOPMENT COMPANIES
(Cost $1,078,674)				1,069,368

CLOSED-END FUNDS - 10.45%
	82,471	BNY Mellon High Yield Strategies Fund		183,085
	37,928	Eaton Vance Floating-Rate Income Trust		442,999
	56,446	First Trust High Yield Opportunities 2027 Term Fund		774,439
	27,759	Nuveen Variable Rate Preferred & Income Fund		429,709
	48,076	PIMCO Dynamic Income Fund		901,425
	22,572	The New America High Income Fund, Inc.		150,104
	583,228	Western Asset High Income Opportunity Fund, Inc.		2,204,602
	73,617	Western Asset Inflation-Linked Opportunities & Income Fund		652,247

TOTAL CLOSED-END FUNDS
(Cost $6,029,224)				5,738,610

COMMON STOCKS - 0.16%
	947	DBI Investors, Inc.^(a)(b)		–
	3,304	PHI Group, Inc.^(a)(b)		89,869
	6	Toys R Us Propco Equity^(b)		33

TOTAL COMMON STOCKS
(Cost $213,399)				89,902

EXCHANGE TRADED FUNDS - 2.95%
	15,000	iShares iBoxx $ Investment Grade Corporate Bond ETF		1,622,100

TOTAL EXCHANGE TRADED FUNDS
(Cost $1,551,891)				1,622,100

SPECIAL PURPOSE ACQUISITION COMPANIES - 0.16%
	10,837	Barings BDC, Inc.		84,962

TOTAL SPECIAL PURPOSE ACQUISITION COMPANIES
(Cost $108,466)				84,962

PREFERRED STOCKS - –%
	116	DBI Investors Inc., 10.000%^(b)(c)	$	–

TOTAL PREFERRED STOCKS
(Cost $10,981)				–

Principal Amount/Description

Rate

Maturity

Value

BANK LOANS - 18.49%^(d)

Germany - 0.42%

228,834

Springer Nature Deutschland GmbH, First Lien - Initial B18 Term Loan

1M US L + 3.00%, 0.75% Floor

08/14/2026

228,891

Principal Amount/Description

Rate

Maturity

Value

Great Britain - 0.93%

246,875

City Football Group Limited, TL

3M US L + 3.00%

07/09/2028

243,172

142,504

EG Group, Ltd., First Lien - Additional Facility Term Loan

1M SOFR + 0.00%

02/07/2025

140,605

131,937

Osmosis Buyer, Ltd., First Lien - Initial B Term Loan

3M US L + 2.75%, 0.50% Floor

06/17/2028

129,694

513,471

Luxembourg - 0.44%

244,350

Surf Holdings S.a r.l., First Lien - Dollar Tranche Term Loan

1M US L + 3.50%

03/05/2027

242,784

Netherlands - 0.57%

250,000

Sigma Holdco B.V., First Lien - Facility B4 (GBP) Term Loan

6M US L + 4.00%

07/02/2025

310,952

United States - 16.13%

230,132

Access CIG LLC, First Lien - B Term Loan

3M US L + 3.75%

02/27/2025

228,022

49,116

Adavantage Sales & Marketing Inc., First Lien

3M US L + 4.50%

10/28/2027

46,323

43,240

Adtalem Global Education, Inc., First Lien - B Term Loan

3M US L + 3.00%, 0.75% Floor

08/12/2028

43,335

122,813

Allied Universal Holdco LLC, First Lien - Initial U.S. Dollar Term Loan

1M US L + 3.75%, 0.50% Floor

05/12/2028

119,606

55,440

Amentum Government Services Holdings, LLC, First Lien

1M SOFR + 4.00%

02/07/2029

54,331

96,530

American Auto Auction Group, LLC, First Lien

3M SOFR + 5.00%

12/30/2027

90,256

51,940

American Rock Salt Company LLC, First Lien - Initial Term Loan

3M US L + 3.25%, 0.75% Floor

06/09/2028

49,040

43,135

Ankura Consulting Group LLC, First Lien - Closing Date Term Loan

3M US L + 4.00%, 0.75% Floor

03/17/2028

42,273

54,038

Artera Services, LLC, TL

L + 3.50%, 1.00% Floor

03/06/2025

47,431

27,605

ASP Blade Holdings, Inc. TLB 1L

1M US L + 4.00%

10/07/2028

24,093

237,946

Astoria Energy LLC, First Lien - B Advance (2020) Term Loan

3M US L + 4.25%, 1.00% Floor

12/10/2027

236,478

138,857

Asurion LLC, First Lien - New B-8 Term Loan

1M US L + 3.25%

12/23/2026

134,032

98,000

Azalea TopCo, Inc., First Lien

3M US L + 4.00%, 0.75% Floor

07/24/2026

95,060

157,119

BCP Renaissance Parent LLC, First Lien

3M SOFR + 3.50%, 1.00% Floor

10/31/2026

156,810

69,892

BCPE North Star US Holdco 2, Inc., First Lien - Initial Term Loan

3M US L + 3.75%, 0.75% Floor

06/09/2028

64,417

99,000

Bengal Debt Merger Sub, LLC, First Lien

3M SOFR + 3.25%

01/19/2029

92,453

25,000

Bengal Debt Merger Sub, LLC, Second Lien

3M SOFR + 6.00%

01/18/2030

20,081

222,048

Brookfield WEC Holdings, Inc., First Lien - Initial (2021) Term Loan

3M US L + 2.75%, 0.50% Floor

08/01/2025

221,862

24,433

Carnival Corp., First Lien - Initial Advance Term Loan

3M US L + 7.50%, 0.75% Floor

06/30/2025

24,422

25,610

Carnival Corporation TLB 1L

1M SOFR + 3.25%

10/06/2028

25,429

174,342

Charter Next Generation, Inc., First Lien - Initial (2021) Term Loan

1M SOFR + 3.75%, 0.75% Floor

12/01/2027

173,199

123,750

Clydesdale Acquisition Holdings, Inc., First Lien

1M SOFR + 4.175%, 0.50% Floor

04/13/2029

122,012

Principal Amount/Description

Rate

Maturity

Value

122,813

Consilio/Skopima 5/21 Cov-Lite TLB

1M US L + 4.00%

05/12/2028

119,676

24,361

CPV Maryland LLC, First Lien - B Advance Term Loan

3M US L + 5.25%, 1.00% Floor

05/11/2028

24,239

147,375

CQP Holdco LP TLB

3M US L + 4.00%

06/05/2028

147,291

64,873

DIRECTV Financing LLC, First Lien - Closing Date Term Loan

1M US L + 5.00%, 0.75% Floor

08/02/2027

63,566

25,697

Diversitech Holdings, Inc.

3M US L + 3.50%

12/15/2028

24,972

245,000

DRW Holdings LLC, First Lien - Initial Term Loan

1M US L + 3.75%

03/01/2028

243,469

33,575

Echo Global Logistics, Inc. TL 1L

1M US L + 3.50%

11/03/2028

32,652

77,025

Electron BidCo, Inc. TL 1L

1M SOFR + 3.00%

10/07/2028

76,808

148,125

Fertitta Entertainment, LLC, First Lien

1M SOFR + 4.00%

01/13/2029

146,474

238,247

Flynn Restaurant Group LP, First Lien

1M US L + 4.25%, 0.50% Floor

12/03/2028

235,686

243,783

Great Outdoors Group LLC, First Lien

1M US L + 3.75%, 0.75% Floor

03/05/2028

242,259

244,375

Greeneden U.S. Holdings I LLC, First Lien - Initial Dollar (2020) Term Loan

1M SOFR + 4.00%, 0.75% Floor

12/01/2027

244,048

242,014

Harbor Freight Tools USA, Inc., First Lien - Initial (2021) Term Loan

L + 2.75%, 0.50% Floor

10/19/2027

239,140

148,875

Houghton Mifflin Harcrt Co Tl 1L

3M SOFR + 5.25%

04/04/2029

127,846

61,583

Hudson River Trading LLC, First Lien

1M US L + 3.00%

03/20/2028

60,081

62,370

Hunter Douglas, Inc., First Lien

3M SOFR + 3.50%

02/09/2029

59,466

63,418

Intelsat Jackson Holdings S.A.TLB 1L

3M SOFR + 4.25%

01/26/2029

63,243

244,388

IRB Holding Corp., First Lien

1M SOFR + 3.00%, 0.75% Floor

12/15/2027

243,013

187,907

LMBE-MC Holdco II LLC, First Lien

3M SOFR + 4.00%, 1.00% Floor

12/03/2025

186,592

206,288

LogMeIn, Inc., First Lien - Initial Term Loan

1M US L + 4.75%

08/31/2027

130,076

98,609

LTI Holdings, Inc., First Lien

1M US L + 4.75%

07/24/2026

96,267

45,080

Majordrive Holdings IV LLC, First Lien - Initial Term Loan

3M US L + 3.75%, 0.50% Floor

06/01/2028

44,122

58,410

McAfee Corp., First Lien

1M SOFR + 3.75%

02/02/2029

56,033

34,492

Merion Rose Merger Sub, Inc., First Lien

3M SOFR + 4.00%

12/08/2028

31,761

200,000

Mileage Plus Holdings LLC, First Lien - Initial Term Loan

3M US L + 5.25%, 1.00% Floor

06/21/2027

208,125

70,113

Mitchell International, Inc. TLB

1M US L + 3.75%

10/01/2028

68,689

231,359

Natgasoline LLC, First Lien - Initial Term Loan

3M US L + 3.625%

11/14/2025

229,045

48,774

Oryx Midstream Services Permian Basin LLC, First Lien

1M SOFR + 3.25%, 0.50% Floor

10/05/2028

48,762

187,153

Pactiv Evergreen, Inc., First Lien - Tranche B-2 U.S. Term Loan

1M US L + 3.25%

02/05/2026

187,312

58,480

Parkway Generation, LLC, First Lien

6M US L + 4.75%

11/05/2028

57,170

97,468

PetVet Care Centers LLC, First Lien - 2021 Replacement Term Loan

3M US L + 3.50%, 0.75% Floor

02/14/2025

95,665

94,288

PMHC II, INC.TLB 1L

3M SOFR + 4.25%

02/02/2029

83,380

32,423

Polaris Newco LLC, First Lien - Dollar Term Loan

L + 4.00%, 0.50% Floor

06/04/2028

29,937

243,764

ProAmpac PG Borrower LLC, First Lien - 2020-1 Term Loan

3M US L + 3.75%, 0.75% Floor

11/03/2025

241,632

241,250

Pug LLC, First Lien - USD B Term Loan

1M US L + 3.50%

02/12/2027

215,805

235,231

Recorded Books, Inc., First Lien - 2021 Replacement Term Loan

3M US L + 2.75%

08/29/2025

235,500

108,927

Redwood Star Merger Sub, Inc.

1M SOFR + 4.50%

03/16/2029

107,792

Principal Amount/Description			Rate	Maturity	Value
$	54,313	Restaurant Technologies, Inc. TLB 1L	3M SOFR + 4.25%	03/17/2029	$	53,113
	40,220	SCIH Salt Holdings, Inc., First Lien - Incremental B-1 Term Loan	3M US L + 3.50%, 0.75% Floor	03/16/2027		39,689
	147,375	SeaWorld Parks & Entertainment, Inc., First Lien - B Term Loan	L + 3.00%, 0.50% Floor	08/25/2028		147,145
	39,551	Secure Acquisition, Inc.	3M US L + 5.00%	12/15/2028		38,068
	5,948	Secure Acquisition, Inc., First Lien	3M US L + 5.00%, 0.50% Floor	12/23/2028		5,725
	43,236	SM Wellness Holdings, Inc., First Lien - Initial Term Loan	3M US L + 3.75%, 0.75% Floor	04/17/2028		40,101
	250,000	Sotera Health Holdings LLC, First Lien - Refinancing Term Loan	3M US L + 3.25%, 0.50% Floor	12/11/2026		246,836
	136,676	Spin Holdco, Inc., First Lien - Initial Term Loan	1M US L + 3.50%, 0.75% Floor	03/04/2028		117,981
	98,250	Tiger Acquisition LLC, First Lien - Initial Term Loan	L + 3.25%, 0.50% Floor	06/01/2028		96,510
	71,796	Triton Water Holdings, Inc., First Lien - Initial Term Loan	3M SOFR + 3.50%, 0.50% Floor	03/31/2028		69,587
	99,163	UFC Holdings LLC, First Lien	3M US L + 2.75%, 0.75% Floor	04/29/2026		99,170
	243,792	UKG, Inc., First Lien	3M SOFR + 3.25%, 0.50% Floor	05/03/2026		239,627
	39,000	United AirLines, Inc., First Lien - Class B Term Loan	3M US L + 3.75%, 0.75% Floor	04/21/2028		39,043
	207,349	University Support Services LLC, First Lien	1M SOFR + 3.25%, 0.50% Floor	02/10/2029		206,054
	44,438	Univision Communications, Inc., First Lien - B Term Loan	3M US L + 4.00%, 0.75% Floor	05/05/2028		43,693
	44,438	Vertex Aerospace Services Corp TL	1M SOFR + 3.75%	11/10/2028		44,484
	64,025	W. R. Grace Holdings LLC, First Lien - Initial Term Loan	L + 3.75%, 0.50% Floor	09/22/2028		63,751
	81,755	Whatabrands LLC, First Lien - Initial B Term Loan	1M SOFR + 3.25%, 0.50% Floor	08/03/2028		81,378
	202,822	William Morris Endeavor Entertainment LLC, First Lien - B-1 Term Loan	1M US L + 2.75%	05/18/2025		202,681
	127,595	YI LLC, First Lien - Initial Term Loan	1M US L + 4.00%, 1.00% Floor	11/07/2024		122,597
						8,855,792

TOTAL BANK LOANS
(Cost $10,414,723)						10,151,890

HIGH YIELD DEBT- 62.40%
Australia - 0.34%
	40,000	Mineral Resources, Ltd.^(e)	8.13%	05/01/2027	$	40,041
	60,000	Mineral Resources, Ltd.^(e)	8.50%	05/01/2030		60,302
	100,000	Nufarm Australia, Ltd. / Nufarm Americas, Inc.^(e)	5.00%	01/27/2030		88,655
						188,998
Belgium - 0.20%
	100,000	Azelis Finance NV^(e)	5.75%	03/15/2028		109,565

Canada - 1.79%
	175,000	Bausch Health Cos., Inc.^(e)	6.13%	02/01/2027		112,236
	65,000	Bausch Health Cos., Inc.^(e)	4.88%	06/01/2028		38,769

Principal Amount/Description			Rate	Maturity	Value
$	28,000	Bombardier, Inc.^(e)	7.50%	03/15/2025	$	28,083
	80,000	Bombardier, Inc.^(e)	7.13%	06/15/2026		79,546
	45,000	Bombardier, Inc.^(e)	6.00%	02/15/2028		42,584
	110,000	Cascades, Inc./Cascades USA, Inc.^(e)	5.38%	01/15/2028		102,929
	75,000	Eldorado Gold Corp.^(e)	6.25%	09/01/2029		67,266
	155,000	goeasy, Ltd.^(e)	5.38%	12/01/2024		150,509
	15,000	goeasy, Ltd.^(e)	4.38%	05/01/2026		13,697
	105,000	Intelligent Packaging, Ltd. Finco, Inc. / Intelligent Packaging Ltd Co.-Issuer LLC^(e)	6.00%	09/15/2028		89,365
	110,000	Mercer International, Inc.	5.13%	02/01/2029		85,739
	20,000	Open Text Corp.^(e)	6.90%	12/01/2027		20,383
	60,000	Precision Drilling Corp.^(e)	7.13%	01/15/2026		59,320
	25,000	Precision Drilling Corp.^(e)	6.88%	01/15/2029		22,611
	80,000	Strathcona Resources, Ltd./Alberta^(e)	6.88%	08/01/2026		70,105
						983,142
Cayman Islands - 0.18%
	40,000	Seagate HDD Cayman^(e)	8.25%	12/15/2029		41,815
	55,000	Seagate HDD Cayman^(e)	8.50%	07/15/2031		57,743
						99,558
France - 2.21%
	100,000	Accor SA^(c)(d)	4.561% - 5Y EUR SWAP	Perpetual Maturity		107,788
	100,000	Afflelou SAS^(f)	4.25%	05/19/2026		104,846
	120,000	Altice France SA^(e)	5.50%	01/15/2028		90,756
	200,000	Altice France SA^(f)	4.13%	01/15/2029		158,885
	55,000	Altice France SA^(e)	5.13%	07/15/2029		39,099
	100,000	Altice France SA^(e)	4.25%	10/15/2029		78,797
	100,000	CAB SELAS^(f)	3.38%	02/01/2028		89,195
	200,000	Electricite de France SA^(c)(d)	2.86% - 5Y EUR SWAP	Perpetual Maturity		176,638
	155,000	Iliad Holding SASU^(e)	5.63%	10/15/2028		157,031
	100,000	Loxam SAS	5.75%	07/15/2027		100,172
	100,000	Parts Europe SA^(d)(f)	3M EUR L + 4.00%	07/20/2027		109,600
						1,212,807
Germany - 1.63%
	100,000	Cheplapharm Arzneimittel GmbH^(f)	4.38%	01/15/2028		100,170
	100,000	Gruenenthal GmbH^(e)	4.13%	05/15/2028		101,551
	100,000	IHO Verwaltungs GmbH^(f)(g)	3.75% (4.50%)	09/15/2026		102,083
	100,000	IHO Verwaltungs GmbH^(e)(g)	8.75% (9.50%)	05/15/2028		112,788
	68,206	Nidda BondCo GmbH^(f)	7.25%	09/30/2025		74,114
	100,000	Renk AG/Frankfurt am Main^(f)	5.75%	07/15/2025		107,614
	96,712	Techem Verwaltungsgesellschaft 674 mbH^(f)	6.00%	07/30/2026		103,824
	100,000	WEPA Hygieneprodukte GmbH^(f)	2.88%	12/15/2027		94,770
	100,000	ZF Finance GmbH	2.75%	05/25/2027		97,462
						894,376
Great Britain - 1.53%
	100,000	eG Global Finance PLC^(f)	6.25%	10/30/2025		104,005
	100,000	INEOS Finance PLC^(f)	2.88%	05/01/2026		100,322
	100,000	INEOS Quattro Finance 2 PLC^(f)	2.50%	01/15/2026		98,015
	100,000	Pinnacle Bidco PLC^(f)	5.50%	02/15/2025		105,165
	85,000	Rolls-Royce PLC^(e)	5.75%	10/15/2027		83,202
	100,000	Thames Water Kemble Finance PLC^(f)	4.63%	05/19/2026		71,009
	120,000	Vmed O2 UK Financing I PLC^(e)	4.75%	07/15/2031		99,908
	200,000	Vodafone Group PLC^(d)	3.00% - 5Y EUR SWAP	08/27/2080		176,367
						837,993

Principal Amount/Description			Rate	Maturity	Value
Hong Kong - 0.21%
$	150,000	Seaspan Corp.^(e)	5.50%	08/01/2029	$	117,648

Ireland - 0.54%
	200,000	Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc.^(f)	2.13%	08/15/2026		194,644
	100,000	Virgin Media Vendor Financing Notes III DAC^(e)	4.88%	07/15/2028		101,076
						295,720
Isle Of Man - 0.20%
	100,000	Playtech PLC	4.25%	03/07/2026		106,841

Italy - 1.53%
	100,000	Cedacri Mergeco SPA^(d)(e)	3M EUR L + 4.625%	05/15/2028		103,792
	100,000	Engineering - Ingegneria Informatica - SpA^(f)	5.88%	09/30/2026		98,723
	100,000	Guala Closures SpA^(f)	3.25%	06/15/2028		97,526
	100,000	Lottomatica SpA/Roma^(e)	7.13%	06/01/2028		111,720
	100,000	Mooney Group SpA^(d)(f)	3M EUR L + 3.875%	12/17/2026		108,206
	105,000	TeamSystem SpA^(e)	3.50%	02/15/2028		100,347
	200,000	Telecom Italia SpA	6.88%	02/15/2028		217,894
						838,208
Japan - 0.18%
	115,000	Nissan Motor Co., Ltd.^(e)	4.81%	09/17/2030		100,962

Jersey - 0.20%
	100,000	AA Bond Co., Ltd.^(f)	6.50%	01/31/2026		110,100

Luxembourg - 1.90%
	55,000	Altice Financing SA^(e)	5.75%	08/15/2029		42,664
	100,000	Altice Financing SA^(e)	4.25%	08/15/2029		84,117
	100,000	Altice France Holding SA^(e)	4.00%	02/15/2028		54,090
	100,000	Dana Financing Luxembourg Sarl^(e)	3.00%	07/15/2029		88,916
	70,000	Intelsat Jackson Holdings SA^(e)	6.50%	03/15/2030		63,900
	55,000	ION Trading Technologies Sarl^(e)	5.75%	05/15/2028		47,536
	100,000	Matterhorn Telecom SA^(f)	4.00%	11/15/2027		102,797
	100,000	SES SA^(c)(d)	5.63%	Perpetual Maturity		108,567
	110,000	SK Invictus Intermediate II Sarl^(e)	5.00%	10/30/2029		87,508
	100,000	Summer BC Holdco B SARL^(f)	5.75%	10/31/2026		97,322
	195,000	Telecom Italia Capital SA	6.38%	11/15/2033		165,621
	100,000	Telenet Finance Luxembourg Notes SARL^(f)	3.50%	03/01/2028		101,149
						1,044,187
Netherlands - 1.95%
	100,000	Dufry One BV	3.38%	04/15/2028		96,920
	130,000	OI European Group BV^(e)	6.25%	05/15/2028		145,299
	100,000	Q-Park Holding I BV^(f)	2.00%	03/01/2027		93,610
	100,000	Telefonica Europe BV^(c)(d)	4.38%	Perpetual Maturity		106,665
	125,000	TMNL Holding BV^(e)	3.75%	01/15/2029		119,423
	100,000	Trivium Packaging Finance BV^(e)	3.75%	08/15/2026		101,009
	200,000	UPC Holding BV^(e)	5.50%	01/15/2028		174,857
	45,000	Ziggo Bond Co. BV^(e)	5.13%	02/28/2030		34,131
	100,000	Ziggo Bond Co. BV^(f)	3.38%	02/28/2030		80,658
	145,000	Ziggo Bond Co. BV^(e)	3.38%	02/28/2030		116,955
						1,069,527

Principal Amount/Description			Rate	Maturity	Value
Spain - 0.56%
$	100,000	Grifols Escrow Issuer SA^(e)	3.88%	10/15/2028	$	93,649
	105,000	Lorca Telecom Bondco SA^(e)	4.00%	09/18/2027		104,780
	100,000	Tendam Brands SAU^(d)(f)	3M EUR L + 7.50%	03/31/2028		109,270
						307,699
Sweden - 0.40%
	100,000	Samhallsbyggnadsbolaget i Norden AB^(c)(d)	3.223% - 5Y EUR SWAP	12/31/2049		22,163
	100,000	Verisure Holding AB^(f)	3.88%	07/15/2026		102,650
	100,000	Verisure Midholding AB^(f)	5.25%	02/15/2029		94,867
						219,680
United States - 46.85%
	40,000	Academy, Ltd.^(e)	6.00%	11/15/2027		38,445
	95,000	ACCO Brands Corp.^(e)	4.25%	03/15/2029		79,903
	105,000	Acuris Finance US, Inc. / Acuris Finance SARL^(e)	5.00%	05/01/2028		81,627
	55,000	Adient Global Holdings, Ltd.^(e)	7.00%	04/15/2028		55,659
	20,000	Adient Global Holdings, Ltd.^(e)	8.25%	04/15/2031		20,334
	55,000	ADT Security Corp.^(e)	4.13%	08/01/2029		47,566
	65,000	Affinity Interactive^(e)	6.88%	12/15/2027		57,258
	70,000	Ahead DB Holdings LLC^(e)	6.63%	05/01/2028		57,006
	170,000	Albertsons Cos. Inc / Safeway, Inc. / New Albertsons LP / Albertsons LLC^(e)	5.88%	02/15/2028		165,376
	35,000	Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer^(e)	6.75%	04/15/2028		34,750
	75,000	Allied Universal Holdco LLC / Allied Universal Finance Corp.^(e)	6.63%	07/15/2026		71,267
	100,000	Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl^(f)	3.63%	06/01/2028		87,664
	125,000	AMC Networks, Inc.	4.25%	02/15/2029		67,337
	115,000	American Airlines, Inc.^(e)	11.75%	07/15/2025		126,204
	50,000	American Airlines, Inc.^(e)	7.25%	02/15/2028		49,754
	95,000	American Axle & Manufacturing, Inc.	5.00%	10/01/2029		79,296
	50,000	APX Group, Inc.^(e)	6.75%	02/15/2027		49,052
	65,000	APX Group, Inc.^(e)	5.75%	07/15/2029		56,504
	10,000	Aramark Services, Inc.^(e)	6.38%	05/01/2025		10,000
	115,000	Aramark Services, Inc.^(e)	5.00%	02/01/2028		108,551
	190,000	Arches Buyer, Inc.^(e)	4.25%	06/01/2028		165,559
	45,000	Archrock Partners LP / Archrock Partners Finance Corp.^(e)	6.88%	04/01/2027		43,256
	75,000	Archrock Partners LP / Archrock Partners Finance Corp.^(e)	6.25%	04/01/2028		70,522
	75,000	Ascent Resources Utica Holdings LLC / ARU Finance Corp.^(e)	7.00%	11/01/2026		72,663
	175,000	ASP Unifrax Holdings, Inc.^(e)	5.25%	09/30/2028		126,545
	150,000	AssuredPartners, Inc.^(e)	5.63%	01/15/2029		129,979
	75,000	AthenaHealth Group, Inc.^(e)	6.50%	02/15/2030		63,198
	85,000	Avient Corp.^(e)	7.13%	08/01/2030		86,048
	145,000	BellRing Brands, Inc.^(e)	7.00%	03/15/2030		146,069
	60,000	Big River Steel LLC / BRS Finance Corp.^(e)	6.63%	01/31/2029		59,340
	1,304,780	Blackstone Private Credit Fund	2.63%	12/15/2026		1,111,246
	60,000	Brinker International, Inc.^(e)	8.25%	07/15/2030		59,174
	45,000	Buckeye Partners LP^(e)	4.50%	03/01/2028		40,363
	100,000	Cable One, Inc.^(h)	0.00%	03/15/2026		82,250
	85,000	Cablevision Lightpath LLC^(e)	5.63%	09/15/2028		63,067
	140,000	Caesars Entertainment, Inc.^(e)	6.25%	07/01/2025		139,478
	75,000	Caesars Entertainment, Inc.^(e)	7.00%	02/15/2030		75,385
	130,000	Callon Petroleum Co.^(e)	7.50%	06/15/2030		122,828

Principal Amount/Description			Rate	Maturity	Value
$	160,000	Calpine Corp.^(e)	5.13%	03/15/2028	$	143,005
	125,000	Calpine Corp.^(e)	5.00%	02/01/2031		103,544
	100,000	Carnival Corp.^(f)	10.13%	02/01/2026		114,870
	175,000	Carnival Corp.^(e)	5.75%	03/01/2027		161,265
	170,000	Carnival Corp.^(e)	10.50%	06/01/2030		180,502
	50,000	CCO Holdings LLC / CCO Holdings Capital Corp.^(e)	5.50%	05/01/2026		48,797
	25,000	CCO Holdings LLC / CCO Holdings Capital Corp.^(e)	5.00%	02/01/2028		22,803
	15,000	CCO Holdings LLC / CCO Holdings Capital Corp.^(e)	5.38%	06/01/2029		13,575
	175,000	CCO Holdings LLC / CCO Holdings Capital Corp.^(e)	6.38%	09/01/2029		165,068
	120,000	CCO Holdings LLC / CCO Holdings Capital Corp.^(e)	4.75%	03/01/2030		102,718
	205,000	CCO Holdings LLC / CCO Holdings Capital Corp.^(e)	7.38%	03/01/2031		199,887
	55,000	CDI Escrow Issuer, Inc.^(e)	5.75%	04/01/2030		51,244
	130,000	Cedar Fair LP	5.25%	07/15/2029		118,373
	65,000	Central Garden & Pet Co.	5.13%	02/01/2028		61,126
	75,000	Chart Industries, Inc.^(e)	7.50%	01/01/2030		76,613
	35,000	Chart Industries, Inc.^(e)	9.50%	01/01/2031		37,171
	90,000	Cheniere Energy, Inc.	4.63%	10/15/2028		84,131
	40,000	CHS/Community Health Systems, Inc.^(e)	6.00%	01/15/2029		33,693
	65,000	Churchill Downs, Inc.^(e)	5.50%	04/01/2027		62,566
	10,000	Churchill Downs, Inc.^(e)	4.75%	01/15/2028		9,286
	100,000	Churchill Downs, Inc.^(e)	6.75%	05/01/2031		99,000
	205,000	CITGO Petroleum Corp.^(e)	7.00%	06/15/2025		201,341
	35,000	CITGO Petroleum Corp.^(e)	6.38%	06/15/2026		33,735
	95,000	Clear Channel Outdoor Holdings, Inc.^(e)	5.13%	08/15/2027		86,375
	65,000	Cleveland-Cliffs, Inc.^(e)	6.75%	03/15/2026		65,747
	190,000	Cloud Software Group, Inc.^(e)	6.50%	03/31/2029		169,353
	15,000	Cloud Software Group, Inc.^(e)	9.00%	09/30/2029		13,117
	120,000	Clydesdale Acquisition Holdings, Inc.^(e)	6.63%	04/15/2029		114,582
	70,000	Cogent Communications Group, Inc.^(e)	7.00%	06/15/2027		67,788
	30,000	CommScope, Inc.^(e)	6.00%	03/01/2026		27,995
	155,000	CommScope, Inc.^(e)	8.25%	03/01/2027		124,213
	25,000	CommScope, Inc.^(e)	7.13%	07/01/2028		17,783
	60,000	CommScope, Inc.^(e)	4.75%	09/01/2029		47,362
	145,000	Compass Group Diversified Holdings LLC^(e)	5.25%	04/15/2029		127,259
	25,000	Comstock Resources, Inc.^(e)	5.88%	01/15/2030		21,732
	90,000	Consensus Cloud Solutions, Inc.^(e)	6.50%	10/15/2028		77,031
	105,000	Consolidated Communications, Inc.^(e)	5.00%	10/01/2028		78,918
	60,000	Coty, Inc.^(e)	6.50%	04/15/2026		59,538
	125,000	Coty, Inc.^(e)	5.00%	04/15/2026		119,916
	60,000	Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp.^(e)	6.00%	02/01/2029		56,086
	50,000	Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp.^(e)	7.38%	02/01/2031		49,341
	115,000	Crocs, Inc.^(e)	4.25%	03/15/2029		97,902
	87,000	CrownRock LP / CrownRock Finance, Inc.^(e)	5.63%	10/15/2025		85,812
	35,000	CrownRock LP / CrownRock Finance, Inc.^(e)	5.00%	05/01/2029		32,824
	200,000	CSC Holdings LLC^(e)	11.25%	05/15/2028		194,183
	115,000	CSC Holdings LLC^(e)	5.75%	01/15/2030		54,462
	85,000	CSC Holdings LLC^(e)	4.13%	12/01/2030		59,542
	10,000	CSC Holdings LLC^(e)	4.50%	11/15/2031		6,983

Principal Amount/Description			Rate	Maturity	Value
$	25,000	CSC Holdings LLC^(e)	5.00%	11/15/2031	$	11,667
	100,000	CVR Energy, Inc.^(e)	5.25%	02/15/2025		96,530
	30,000	CVR Energy, Inc.^(e)	5.75%	02/15/2028		26,437
	20,000	Dana, Inc.	5.38%	11/15/2027		18,964
	30,000	Dana, Inc.	4.25%	09/01/2030		25,003
	130,000	DaVita, Inc.^(e)	4.63%	06/01/2030		111,746
	195,000	Directv Financing LLC / Directv Financing Co.-Obligor, Inc.^(e)	5.88%	08/15/2027		176,828
	35,000	DISH DBS Corp.	7.75%	07/01/2026		21,503
	85,000	DISH DBS Corp.^(e)	5.25%	12/01/2026		68,344
	30,000	DISH DBS Corp.^(e)	5.75%	12/01/2028		22,370
	55,000	DISH DBS Corp.	5.13%	06/01/2029		25,594
	110,000	DISH Network Corp.^(h)	0.00%	12/15/2025		58,718
	65,000	Elastic NV^(e)	4.13%	07/15/2029		56,134
	100,000	Emerald Debt Merger Sub LLC^(e)	6.38%	12/15/2030		109,065
	75,000	EnLink Midstream LLC^(e)	5.63%	01/15/2028		72,652
	35,000	EnLink Midstream LLC^(e)	6.50%	09/01/2030		34,996
	120,000	EnLink Midstream Partners LP	5.05%	04/01/2045		95,916
	110,000	EQM Midstream Partners LP^(e)	4.75%	01/15/2031		96,486
	165,000	EquipmentShare.com, Inc.^(e)	9.00%	05/15/2028		160,375
	90,000	Everi Holdings, Inc.^(e)	5.00%	07/15/2029		78,899
	50,000	Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc.^(e)	4.63%	01/15/2029		43,924
	50,000	Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc.^(e)	6.75%	01/15/2030		42,601
	10,000	FirstCash, Inc.^(e)	4.63%	09/01/2028		8,943
	90,000	FirstCash, Inc.^(e)	5.63%	01/01/2030		81,425
	25,000	Ford Motor Credit Co. LLC	2.30%	02/10/2025		23,394
	120,000	Ford Motor Credit Co. LLC	6.95%	06/10/2026		120,710
	95,000	Ford Motor Credit Co. LLC	7.35%	11/04/2027		97,244
	15,000	Ford Motor Credit Co. LLC	2.90%	02/16/2028		12,861
	75,000	Ford Motor Credit Co. LLC	2.90%	02/10/2029		62,138
	265,000	Ford Motor Credit Co. LLC	4.00%	11/13/2030		226,703
	200,000	Fortress Transportation and Infrastructure Investors LLC^(e)	6.50%	10/01/2025		197,213
	5,000	Fortress Transportation and Infrastructure Investors LLC^(e)	9.75%	08/01/2027		5,168
	500,000	Franklin BSP Lending Corp.^(e)	4.85%	12/15/2024		476,308
	672,860	Franklin BSP Lending Corp.	3.25%	03/30/2026		597,114
	30,000	Frontier Communications Holdings LLC^(e)	5.88%	10/15/2027		27,562
	195,000	Frontier Communications Holdings LLC^(e)	5.00%	05/01/2028		168,436
	100,000	Frontier Communications Holdings LLC^(e)	8.63%	03/15/2031		96,871
	1,000,000	FS KKR Capital Corp.	4.13%	02/01/2025		946,345
	80,000	Gen Digital, Inc.^(e)	6.75%	09/30/2027		79,862
	35,000	Go Daddy Operating Co. LLC / GD Finance Co, Inc.^(e)	5.25%	12/01/2027		33,283
	55,000	Goodyear Tire & Rubber Co.	9.50%	05/31/2025		56,291
	160,000	Gray Television, Inc.^(e)	4.75%	10/15/2030		108,674
	150,000	Greystar Real Estate Partners LLC^(e)	5.75%	12/01/2025		146,612
	30,000	Hanesbrands, Inc.^(e)	4.88%	05/15/2026		28,045
	130,000	Hanesbrands, Inc.^(e)	9.00%	02/15/2031		131,140
	185,000	HAT Holdings I LLC / HAT Holdings II LLC^(e)	3.38%	06/15/2026		165,996
	5,000	HAT Holdings I LLC / HAT Holdings II LLC^(e)	3.75%	09/15/2030		3,928
	130,000	Hawaiian Brand Intellectual Property, Ltd. / HawaiianMiles Loyalty, Ltd.^(e)	5.75%	01/20/2026		123,172
	75,000	Hess Midstream Operations LP^(e)	5.63%	02/15/2026		73,849

Principal Amount/Description			Rate	Maturity	Value
$	5,000	Hess Midstream Operations LP^(e)	5.13%	06/15/2028	$	4,684
	50,000	Hess Midstream Operations LP^(e)	4.25%	02/15/2030		43,674
	155,000	Hilton Grand Vacations Borrower Escrow LLC / Hilton Grand Vacations Borrower Esc^(e)	5.00%	06/01/2029		137,702
	40,000	Holly Energy Partners LP / Holly Energy Finance Corp.^(e)	6.38%	04/15/2027		39,554
	80,000	Howard Midstream Energy Partners LLC^(e)	8.88%	07/15/2028		80,500
	55,000	HUB International, Ltd.^(e)	7.00%	05/01/2026		54,922
	45,000	HUB International, Ltd.^(e)	5.63%	12/01/2029		40,415
	80,000	HUB International, Ltd.^(e)	7.25%	06/15/2030		82,681
	195,000	Hunt Companies, Inc.^(e)	5.25%	04/15/2029		155,033
	145,000	Imola Merger Corp.^(e)	4.75%	05/15/2029		126,254
	180,000	Iron Mountain, Inc.^(e)	5.25%	03/15/2028		168,481
	15,000	Iron Mountain, Inc.^(e)	5.00%	07/15/2028		13,912
	55,000	Iron Mountain, Inc.^(e)	7.00%	02/15/2029		55,152
	55,000	Iron Mountain, Inc.^(e)	5.25%	07/15/2030		49,609
	150,000	JB Poindexter & Co., Inc.^(e)	7.13%	04/15/2026		146,830
	55,000	Kinetik Holdings LP^(e)	5.88%	06/15/2030		52,332
	90,000	LABL, Inc.^(e)	5.88%	11/01/2028		82,022
	25,000	LABL, Inc.^(e)	9.50%	11/01/2028		25,466
	120,000	Legends Hospitality Holding Co. LLC / Legends Hospitality Co-Issuer, Inc.^(e)	5.00%	02/01/2026		108,166
	20,000	Level 3 Financing, Inc.^(e)	4.63%	09/15/2027		13,940
	15,000	Level 3 Financing, Inc.^(e)	4.25%	07/01/2028		9,675
	55,000	Level 3 Financing, Inc.^(e)	3.63%	01/15/2029		33,052
	140,000	Level 3 Financing, Inc.^(e)	3.75%	07/15/2029		84,466
	130,000	Live Nation Entertainment, Inc.^(e)	4.75%	10/15/2027		121,425
	165,000	Lumen Technologies, Inc.^(e)	4.00%	02/15/2027		123,149
	145,000	Marriott Ownership Resorts, Inc.^(e)	4.50%	06/15/2029		125,275
	110,000	Matador Resources Co.^(e)	6.88%	04/15/2028		108,997
	100,000	Medline Borrower LP^(e)	3.88%	04/01/2029		87,001
	110,000	Medline Borrower LP^(e)	5.25%	10/01/2029		95,560
	60,000	Mercer International, Inc.	5.50%	01/15/2026		56,208
	34,000	MGIC Investment Corp.	5.25%	08/15/2028		32,101
	40,000	MGM Resorts International	6.75%	05/01/2025		40,128
	80,000	Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp.^(e)	4.88%	05/01/2029		70,716
	75,000	ModivCare Escrow Issuer, Inc.^(e)	5.00%	10/01/2029		55,571
	30,000	ModivCare, Inc.^(e)	5.88%	11/15/2025		27,819
	100,000	MPH Acquisition Holdings LLC^(e)	5.50%	09/01/2028		85,350
	165,000	MPT Operating Partnership LP / MPT Finance Corp.	5.00%	10/15/2027		138,978
	105,000	Nabors Industries, Ltd.^(e)	7.25%	01/15/2026		98,145
	30,000	Nabors Industries, Ltd.^(e)	7.50%	01/15/2028		26,288
	65,000	Nationstar Mortgage Holdings, Inc.^(e)	6.00%	01/15/2027		60,546
	25,000	Nationstar Mortgage Holdings, Inc.^(e)	5.50%	08/15/2028		21,932
	105,000	Nationstar Mortgage Holdings, Inc.^(e)	5.75%	11/15/2031		86,362
	115,000	NCR Corp.^(e)	5.13%	04/15/2029		101,912
	100,000	Necessity Retail REIT, Inc. / American Finance Operating Partner LP^(e)	4.50%	09/30/2028		77,025
	35,000	New Enterprise Stone & Lime Co., Inc.^(e)	9.75%	07/15/2028		33,838
	115,000	New Enterprise Stone & Lime Co., Inc.^(e)	5.25%	07/15/2028		104,815
	130,000	NFP Corp.^(e)	6.88%	08/15/2028		113,026
	65,000	NFP Corp.^(e)	4.88%	08/15/2028		58,127
	80,000	Northern Oil and Gas, Inc.^(e)	8.75%	06/15/2031		78,700
	175,000	NRG Energy, Inc.^(e)	3.63%	02/15/2031		136,774
	5,000	NuStar Logistics LP	6.00%	06/01/2026		4,875

Principal Amount/Description			Rate	Maturity	Value
$	55,000	NuStar Logistics LP	6.38%	10/01/2030	$	52,536
	210,000	Occidental Petroleum Corp.	6.45%	09/15/2036		215,821
	40,000	Oceaneering International, Inc.	4.65%	11/15/2024		39,091
	20,000	Oceaneering International, Inc.	6.00%	02/01/2028		18,969
	50,000	Olympus Water US Holding Corp.^(e)	7.13%	10/01/2027		45,125
	120,000	Olympus Water US Holding Corp.^(e)	4.25%	10/01/2028		94,974
	100,000	Olympus Water US Holding Corp.^(e)	9.75%	11/15/2028		97,655
	40,000	Olympus Water US Holding Corp.^(e)	6.25%	10/01/2029		28,968
	160,000	OneMain Finance Corp.	7.13%	03/15/2026		157,344
	210,000	Open Text Holdings, Inc.^(e)	4.13%	02/15/2030		178,018
	165,000	Organon & Co. / Organon Foreign Debt Co-Issuer BV^(e)	5.13%	04/30/2031		136,350
	70,000	Outfront Media Capital LLC / Outfront Media Capital Corp.^(e)	6.25%	06/15/2025		69,816
	20,000	Outfront Media Capital LLC / Outfront Media Capital Corp.^(e)	5.00%	08/15/2027		18,183
	25,000	Owens & Minor, Inc.^(e)	4.50%	03/31/2029		20,784
	500,000	Owl Rock Capital Corp.	3.75%	07/22/2025		463,618
	1,242,748	Owl Rock Capital Corp. III	3.13%	04/13/2027		1,054,594
	200,000	OWL Rock Core Income Corp.	5.50%	03/21/2025		192,565
	55,000	Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer^(e)	5.88%	10/01/2028		50,526
	80,000	Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer^(e)	4.88%	05/15/2029		69,022
	170,000	Pediatrix Medical Group, Inc.^(e)	5.38%	02/15/2030		156,578
	75,000	Performance Food Group, Inc.^(e)	5.50%	10/15/2027		72,373
	75,000	Permian Resources Operating LLC^(e)	7.75%	02/15/2026		75,559
	35,000	Permian Resources Operating LLC^(e)	5.88%	07/01/2029		33,006
	225,000	Post Holdings, Inc.^(e)	5.50%	12/15/2029		207,907
	180,000	Prime Security Services Borrower LLC / Prime Finance, Inc.^(e)	6.25%	01/15/2028		168,884
	110,000	Primo Water Holdings, Inc.^(f)	3.88%	10/31/2028		104,707
	10,000	QVC, Inc.	4.85%	04/01/2024		9,788
	45,000	QVC, Inc.	4.75%	02/15/2027		29,137
	50,000	QVC, Inc.	4.38%	09/01/2028		28,805
	90,000	Railworks Holdings LP / Railworks Rally, Inc.^(e)	8.25%	11/15/2028		83,740
	120,000	RHP Hotel Properties LP / RHP Finance Corp.^(e)	7.25%	07/15/2028		121,336
	40,000	RLJ Lodging Trust LP^(e)	4.00%	09/15/2029		33,535
	20,000	Royal Caribbean Cruises, Ltd.^(e)	5.38%	07/15/2027		18,722
	95,000	Royal Caribbean Cruises, Ltd.^(e)	5.50%	04/01/2028		88,686
	95,000	Royal Caribbean Cruises, Ltd.^(e)	7.25%	01/15/2030		96,305
	100,000	SCIL IV LLC / SCIL USA Holdings LLC^(e)	5.38%	11/01/2026		91,262
	85,000	Scotts Miracle-Gro Co.	4.00%	04/01/2031		66,581
	35,000	SEG Holding LLC / SEG Finance Corp.^(e)	5.63%	10/15/2028		33,192
	40,000	Sirius XM Radio, Inc.^(e)	5.50%	07/01/2029		36,120
	245,000	Sirius XM Radio, Inc.^(e)	4.13%	07/01/2030		200,276
	30,000	Sirius XM Radio, Inc.^(e)	3.88%	09/01/2031		23,228
	80,000	Six Flags Entertainment Corp.^(e)	5.50%	04/15/2027		75,407
	95,000	Six Flags Entertainment Corp.^(e)	7.25%	05/15/2031		92,623
	15,000	Six Flags Theme Parks, Inc.^(e)	7.00%	07/01/2025		15,088
	95,000	Spectrum Brands, Inc.^(e)	5.00%	10/01/2029		84,891
	20,000	Spectrum Brands, Inc.^(e)	5.50%	07/15/2030		18,269
	90,000	Spectrum Brands, Inc.^(e)	3.88%	03/15/2031		73,896
	70,000	Spirit AeroSystems, Inc.^(e)	7.50%	04/15/2025		69,260
	30,000	Spirit AeroSystems, Inc.	3.85%	06/15/2026		27,909
	40,000	Standard Industries, Inc.^(e)	5.00%	02/15/2027		38,160
	85,000	Standard Industries, Inc.^(e)	4.75%	01/15/2028		79,241

Principal Amount/Description			Rate	Maturity	Value
$	115,000	Talen Energy Supply LLC^(e)	8.63%	06/01/2030	$	119,132
	180,000	Tenet Healthcare Corp.	6.25%	02/01/2027		178,357
	15,000	Tenet Healthcare Corp.	5.13%	11/01/2027		14,337
	55,000	Tenet Healthcare Corp.	6.13%	10/01/2028		53,001
	90,000	Tenet Healthcare Corp.	6.13%	06/15/2030		88,826
	80,000	Tenet Healthcare Corp.^(e)	6.75%	05/15/2031		80,295
	135,000	TMS International Corp.^(e)	6.25%	04/15/2029		113,539
	70,000	TransDigm, Inc.^(e)	6.25%	03/15/2026		69,721
	80,000	TransDigm, Inc.	6.38%	06/15/2026		79,059
	55,000	TransDigm, Inc.	5.50%	11/15/2027		51,940
	70,000	TransDigm, Inc.	4.63%	01/15/2029		62,351
	80,000	Uber Technologies, Inc.^(e)	7.50%	05/15/2025		81,053
	70,000	Uber Technologies, Inc.^(e)	7.50%	09/15/2027		71,683
	20,000	Uber Technologies, Inc.^(e)	6.25%	01/15/2028		19,925
	55,000	Univar Solutions USA, Inc./Washington^(e)	5.13%	12/01/2027		56,277
	115,000	Univision Communications, Inc.^(e)	6.63%	06/01/2027		111,329
	45,000	Univision Communications, Inc.^(e)	7.38%	06/30/2030		42,886
	40,000	US Foods, Inc.^(e)	6.25%	04/15/2025		40,019
	65,000	US Foods, Inc.^(e)	4.63%	06/01/2030		58,321
	60,000	USA Compression Partners LP / USA Compression Finance Corp.	6.88%	04/01/2026		58,829
	30,000	USA Compression Partners LP / USA Compression Finance Corp.	6.88%	09/01/2027		28,677
	40,000	Valaris, Ltd.^(e)	8.38%	04/30/2030		40,173
	90,000	Venture Global LNG, Inc.^(e)	8.13%	06/01/2028		91,508
	145,000	Venture Global LNG, Inc.^(e)	8.38%	06/01/2031		146,378
	65,000	Vistra Operations Co. LLC^(e)	5.00%	07/31/2027		60,900
	90,000	Vital Energy, Inc.	9.50%	01/15/2025		89,422
	115,000	VM Consolidated, Inc.^(e)	5.50%	04/15/2029		106,188
	175,000	WASH Multifamily Acquisition, Inc.^(e)	5.75%	04/15/2026		163,569
	100,000	Weekley Homes LLC / Weekley Finance Corp.^(e)	4.88%	09/15/2028		90,144
	180,000	Western Midstream Operating LP	5.50%	08/15/2048		150,982
	110,000	Windsor Holdings III LLC^(e)	8.50%	06/15/2030		109,623
	95,000	WR Grace Holdings LLC^(e)	4.88%	06/15/2027		88,225
	60,000	WR Grace Holdings LLC^(e)	5.63%	08/15/2029		49,215
	70,000	Wynn Resorts Finance LLC / Wynn Resorts Capital Corp.^(e)	5.13%	10/01/2029		62,812
	55,000	Wynn Resorts Finance LLC / Wynn Resorts Capital Corp.^(e)	7.13%	02/15/2031		54,716
	105,000	Xerox Holdings Corp.^(e)	5.00%	08/15/2025		99,223
	5,000	Xerox Holdings Corp.^(e)	5.50%	08/15/2028		4,259
	140,000	Zayo Group Holdings, Inc.^(e)	4.00%	03/01/2027		99,034
	35,000	ZF North America Capital, Inc.^(e)	6.88%	04/14/2028		35,479
	35,000	ZF North America Capital, Inc.^(e)	7.13%	04/14/2030		35,635
						25,729,356

TOTAL HIGH YIELD DEBT
(Cost $36,560,363)						34,266,367

Shares/Description			Value
RIGHTS - 0.00%⁽ⁱ⁾
	198	DBI Investors, Inc., Strike Price 0.01, Expires 12/31/2049^(a)	$	–

TOTAL RIGHTS
(Cost $11,231)				–

WARRANTS - 0.00%^(b)(i)
	4	David’s Bridal, Strike Price 219.47, Expires 01/18/2024^(a)		–

Shares/Description			Value
	11	Toys R Us Propco Warrant, Strike Price 0.00, Expires 12/31/2049^(a)	$	–
	237	Windstream Holdings Inc - Pvt Warrant, Strike Price 0.00, Expires 12/31/2049		2,251

TOTAL WARRANTS
(Cost $106,180)				2,251

SHORT-TERM INVESTMENTS - 4.45%
	2,441,360	State Street Institutional Trust (7 Day Yield 5.00%)	$	2,441,360

TOTAL SHORT-TERM INVESTMENTS
(Cost $2,441,360)				2,441,360

TOTAL INVESTMENTS - 101.01%
(Cost $58,526,492)			$	55,466,810
LIABILITIES IN EXCESS OF OTHER ASSETS - (1.01)%				(552,827	)
NET ASSETS - 100.00%			$	54,913,983

Investment Abbreviations:

EURIBOR - Euro Interbank Offered Rate

LIBOR - London Interbank Offered Rate

LLC - Limited Liability Company

LP - Limited Partnership

PLC - Public Limited Company

Libor Rates:

1M US L - 1 Month LIBOR as of June 30, 2023 was 5.22%

3M US L - 3 Month LIBOR as of June 30, 2023 was 5.55%

6M US L - 6 Month LIBOR as of June 30, 2023 was 5.76%

3M EUR L - 3 Month EURIBOR as of June 30, 2023 was 3.58%

6M EUR L - 6 Month EURIBOR as of June 30, 2023 was 3.90%

5Y EUR SWAP - 5 Year Euro ICE Swap Rate as of June 30, 2023 was 3.25%

^(a)	The Level 3 assets were a result of unavailable quoted prices from an active market or the unavailability of other significant observable inputs.
^(b)	Non-income producing security.
^(c)	Security has no contractual maturity date, is not redeemable and contractually pays an indefinite stream of interest.
^(d)	Variable rate investment. Interest rates reset periodically. Interest rate shown reflects the rate in effect at June 30, 2023. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description above. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above.
^(e)	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities have been deemed liquid under procedures approved by the Fund’s Board of Trustees and may normally be sold to qualified institutional buyers in transactions exempt from registration. Total fair value of Rule 144A securities amounts to $21,998,064, which represents approximately 40.06% of net assets as of June 30, 2023.
^(f)	Securities were purchased pursuant to Regulation S under the Securities Act of 1933, as amended, which exempts securities offered and sold outside of the United States from registration. Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, as amended, or pursuant to an exemption from registration. These securities have been deemed liquid under procedures approved by the Fund’s Board of Trustees (the “Board”). As of June 30, 2023, the aggregate fair value of those securities was $3,222,381, representing 5.87% of net assets.
^(g)	Pay-in-kind securities. Rate paid in-kind is shown in parenthesis.
^(h)	Issued with a zero coupon. Income is recognized through the accretion of discount.
⁽ⁱ⁾	Less than 0.005%.

See Notes to Quarterly Schedule of Investments.

OUTSTANDING FORWARD FOREIGN CURRENCY CONTRACTS

Counterparty	Settlement Date	Fund Receiving	U.S. $ Value at June 30, 2023		Fund Delivering	U.S. $ Value at June 30, 2023		Unrealized Appreciation

State Street Corporation	7/6/2023	GBP		37,032	USD		36,920	$	112
State Street Corporation	7/6/2023	USD		72,181	EUR		72,023		158
State Street Corporation	7/6/2023	USD		4,271	GBP		4,255		16
State Street Corporation	7/6/2023	USD		3,559	GBP		3,547		12
								$	298

State Street Corporation	7/6/2023	EUR		37,956	USD		38,095	$	(139	)
State Street Corporation	7/6/2023	GBP		1,910	USD		1,914		(4	)
State Street Corporation	7/6/2023	GBP		3,125	USD		3,140		(15	)
State Street Corporation	7/6/2023	USD		5,755,282	EUR		5,852,246		(96,964	)
State Street Corporation	7/6/2023	USD		305,944	GBP		312,867		(6,923	)
State Street Corporation	7/6/2023	USD		323,222	GBP		330,536		(7,314	)
State Street Corporation	7/6/2023	USD		289,695	EUR		294,639		(4,944	)
State Street Corporation	7/6/2023	USD		53,106	EUR		53,749		(643	)
State Street Corporation	7/6/2023	USD		2,541	GBP		2,562		(21	)
State Street Corporation	7/6/2023	USD		102,982	EUR		103,669		(687	)
State Street Corporation	7/6/2023	USD		5,348	GBP		5,364		(16	)
								$	(117,670	)

RiverNorth Funds	Notes to Quarterly Schedule of Investments
	June 30, 2023 (Unaudited)

1. ORGANIZATION

The RiverNorth Funds (the “Trust” or “Funds”) was established under the laws of Ohio by an Agreement and Declaration of Trust dated July 18, 2006 (the “Trust Agreement”). The Trust is an open-end management investment company registered under the Investment Company Act of 1940, as amended (the “1940 Act”). The Trust Agreement permits the Board of Trustees (the “Board” or “Trustees”) to authorize and issue an unlimited number of shares of beneficial interest of a separate series without par value. All classes of shares for each of the Funds have identical rights to earnings, assets and voting privileges, except for class-specific expenses and exclusive rights to vote on matters affecting only individual classes. The Funds are considered investment companies and therefore follow the Investment Company accounting and reporting guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 946 Financial Services Investment Companies.

The RiverNorth Core Opportunity Fund (the “Core Opportunity Fund”) was organized as a diversified series of the Trust on July 18, 2006 and commenced investment operations on December 27, 2006. The Core Opportunity Fund offers two series of shares, Class I Shares and Class R Shares. The investment adviser to the Core Opportunity Fund is RiverNorth Capital Management, LLC (the “Adviser”). The investment objective of the Core Opportunity Fund is to seek long-term capital appreciation and income.

The RiverNorth/DoubleLine Strategic Income Fund (the “Strategic Income Fund”) is a diversified series of the Trust and commenced investment operations on December 30, 2010. The Strategic Income Fund offers two series of shares, Class I Shares and Class R Shares. The investment adviser to the Strategic Income Fund is RiverNorth Capital Management, LLC. The Strategic Income Fund’s sub-adviser is DoubleLine Capital, LP (“DoubleLine”). The investment objective of the Strategic Income Fund is current income and overall total return.

The RiverNorth/Oaktree High Income Fund (the “High Income Fund”) is a diversified series of the Trust and commenced investment operations on December 28, 2012. The High Income Fund offers two series of shares, Class I Shares and Class R Shares. The investment adviser to the High Income Fund is RiverNorth Capital Management, LLC. The High Income Fund’s sub-adviser is Oaktree Capital Management, L.P. (“Oaktree Capital,” and with DoubleLine, each a “Sub-Adviser” or collectively, the “Sub-Advisers”). Effective August 10, 2021, as part of an internal corporate reorganization, Oaktree Capital Management, L.P., the Fund’s previous sub-adviser, transferred its sub-advisory agreement with the High Income Fund to Oaktree Capital. The investment objective of the High Income Fund is overall total return consisting of long-term capital appreciation and income.

2. SIGNIFICANT ACCOUNTING POLICIES

The following is a summary of significant accounting policies followed by the Funds. These policies are in conformity with generally accepted accounting principles in the United States of America (“GAAP”). The financial statements are prepared in accordance with GAAP, which requires management to make estimates and assumptions that affect the reported amounts and disclosures, including the disclosure of contingent assets and liabilities, in the financial statements during the reporting period. Management believes the estimates and security valuations are appropriate; however, actual results may differ from those estimates, and the security valuations reflected in the financial statements may differ from the value the Funds ultimately realize upon sale of the securities. The Schedules of Investments have been prepared as of the close of the New York Stock Exchange (“NYSE”) on June 30, 2023.

Security Valuation: The Funds’ assets and other financial instruments are recorded at their estimated fair value as described in Note 3.

Security Transactions and Related Income: The Funds follow industry practice and record security transactions on the trade date basis. The specific identification method is used for determining gains or losses for financial statements and income tax purposes. Dividend income is recorded on the ex-dividend date or for certain foreign securities, when the information becomes available to the Funds and interest income and expenses are recorded on an accrual basis. Discounts and premiums on securities purchased are amortized or accreted using the effective interest method. Withholding taxes on foreign dividends have been provided for in accordance with the Funds’ understanding of the applicable country’s tax rules and rates. The ability of issuers of debt securities held by the Funds to meet their obligations may be affected by economic and political developments in a specific country or region. Settlement on bank loan transactions may be in excess of seven business days. Interest only stripped mortgage backed securities (“IO Strips”) are securities that receive only interest payments from a pool of mortgage loans. Little to no principal will be received by the Funds upon maturity of an IO Strip. Periodic adjustments are recorded to reduce the cost of the security until maturity, which are included in interest income.

Foreign Currency Translation: The books and records of the Funds are maintained in U.S. dollars. Investment valuations and other assets and liabilities initially expressed in foreign currencies are converted each business day into U.S. dollars based upon current exchange rates. Prevailing foreign exchange rates may generally be obtained at the close of the NYSE (normally, 4:00 p.m. Eastern time). The portion of realized and unrealized gains or losses on investments due to fluctuations in foreign currency exchange rates is not separately disclosed and is included in realized and unrealized gains or losses on investments, when applicable.

Foreign Securities: The Funds may directly purchase securities of foreign issuers. Investing in securities of foreign issuers involves special risks not typically associated with investing in securities of U.S. issuers. The risks include possible revaluation of currencies, the ability to repatriate funds, less complete financial information about companies and possible future adverse political and economic developments. Moreover, securities of many foreign issuers and their markets may be less liquid and their prices more volatile than those of securities of comparable U.S. issuers.

Certain foreign countries impose a capital gains tax which is accrued by the Funds based on the unrealized appreciation, if any, on affected securities. Any accrual would reduce a Fund’s net asset value ("NAV"). The tax is paid when the gain is realized and is included in capital gains tax in the Statements of Operations. During the period ended June 30, 2023, no foreign capital gains tax was accrued or paid by the Fund.

Other: The Funds hold certain investments which pay dividends to their shareholders based upon available funds from operations. It is possible for these dividends to exceed the underlying investments’ taxable earnings and profits resulting in the excess portion of such dividends being designated as a return of capital. Distributions received from investments in securities that represent a return of capital or capital gains are recorded as a reduction of the cost of investments or as a realized gain, respectively.

Principal Investment Risks: All mutual funds carry a certain amount of risk. For more information on the related risks of investing in the Funds please refer to the prospectus of each Fund.

3. SECURITIES VALUATION AND FAIR VALUE Measurements

The Funds value their investments at fair value. Fair value is defined as the price that a Fund might reasonably expect to receive upon selling an investment in a timely transaction to an independent buyer in the principal or most advantageous market of the investment. GAAP establishes a three-tier hierarchy to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes.

Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. For example, the risk inherent in a particular valuation technique used to measure fair value including using such a pricing model and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances.

Various inputs are used in determining the value of the Funds’ investments. These inputs are summarized in the three broad levels listed below.

●

Level 1 – Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that a Fund has the ability to access at the measurement date;

●

Level 2 – Quoted prices which are not active, quoted prices for similar assets or liabilities in active markets or inputs other than quoted prices that are observable (either directly or indirectly) for substantially the full term of the asset or liability; and

●

Level 3 – Significant unobservable prices or inputs (including the Funds’ own assumptions in determining the fair value of investments) where there is little or no market activity for the asset or liability at the measurement date.

The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement in its entirety.

Effective September 8, 2022, and pursuant to the requirements of Rule 2a-5 under the 1940 Act, the Board approved updated valuation procedures for the Funds and designated the Adviser as the Funds’ valuation designee to make all fair valuation determinations with respect to each of the Fund's portfolio investments, subject to the Board's oversight.

Equity securities, including common stocks, rights and warrants, closed-end funds, exchange-traded funds, preferred stocks and business development companies are generally valued by using market quotations, but may be valued on the basis of prices furnished by a pricing service when the Adviser believes such prices more accurately reflect the fair market value of such securities. Securities that are traded on any stock exchange are generally valued by the pricing service at the last quoted sale price. Lacking a last sale price, an exchange traded security is generally valued by the pricing service at its last bid price. Securities traded in the NASDAQ over-the-counter market are generally valued by the pricing service at the NASDAQ Official Closing Price. When using the market quotations or close prices provided by the pricing service and when the market is considered active, the security will be classified as a Level 1 security. Sometimes, an equity security owned by the Funds will be valued by the pricing service with factors other than market quotations or when the market is considered inactive. When this happens, the security will be classified as a Level 2 security. When market quotations are not readily available, when the Adviser determines that the market quotation or the price provided by the pricing service does not accurately reflect the current fair value, or when restricted or illiquid securities are being valued, such securities are valued as determined in good faith by the Adviser in conformity with guidelines adopted by and subject to review by the Board. These securities will be categorized as Level 3 securities.

Investments in mutual funds, including short term investments and open-end funds, are generally priced at the ending net asset value (NAV) provided by the service agent of the funds. These securities will be categorized as Level 1 securities.

Domestic and foreign fixed income securities, including foreign and U.S. corporate bonds, convertible corporate bonds, U.S. Government bonds and notes, foreign government bonds and notes, supranationals and foreign agencies, non-agency collateralized mortgage obligations, U.S. Government/Agency mortgage backed securities, business development company notes, bank loans, collateralized loan obligations, municipal bonds, and high yield debt, as well as non-exchange traded derivatives, including forward foreign currency contracts, are normally valued on the basis of quotes obtained from brokers and dealers or independent pricing services. Foreign currency positions, including forward foreign currency contracts, are priced at the mean between the closing bid and asked prices at 4:00 p.m. Eastern time. Prices obtained from independent pricing services typically use information provided by market makers or estimates of market values obtained from yield data relating to investments or securities with similar characteristics. Data used to establish quotes includes analysis of cash flows, pre-payment speeds, default rates, delinquency assumptions and assumptions regarding collateral and loss assumptions. These securities will be classified as Level 2 securities.

Short-term investments in fixed income securities, with maturities of less than 60 days when acquired, or which subsequently are within 60 days of maturity, are valued by using the amortized cost method of valuation, which the Board has determined will represent fair value. These securities will be classified as Level 2 securities.

In accordance with the Funds’ good faith pricing guidelines, the Adviser, Sub-Adviser, or valuation committee is required to consider all appropriate factors relevant to the value of securities for which it has determined other pricing sources are not available or reliable as described above. No single standard exists for determining fair value, because fair value depends upon the circumstances of each individual case. As a general principle, the current fair value of an issue of securities being valued by the Adviser, Sub-Adviser, or valuation committee would appear to be the amount which the owner might reasonably expect to receive for them upon their current sale. Methods which are in accordance with this principle may, for example, be based on (i) a multiple of earnings; (ii) discounted cash flow models; (iii) weighted average cost or weighted average price; (iv) a discount from market of a similar freely traded security (including a derivative security or a basket of securities traded on other markets, exchanges or among dealers); or (v) yield to maturity with respect to debt issues, or a combination of these and other methods. Good faith pricing is permitted if, in the Adviser’s, a Sub-Adviser’s, or the valuation committee’s opinion, the validity of market quotations appears to be questionable based on factors such as evidence of a thin market in the security based on a small number of quotations, a significant event occurs after the close of a market but before a Funds’ NAV calculation that may affect a security’s value, or the Adviser or a Sub-Adviser is aware of any other data that calls into question the reliability of market quotations.

Good faith pricing may also be used in instances when the bonds the Funds invest in default or otherwise cease to have market quotations readily available. Investments in foreign securities, junk bonds or other thinly traded securities are more likely to trigger good faith pricing than other securities.

The following is a summary of the inputs used at June 30, 2023 in valuing the Funds’ assets and liabilities:

Core Opportunity Fund
	Valuation Inputs
Investments in Securities at Value*	Level 1		Level 2		Level 3		Total
Closed-End Funds	$	34,911,307	$	–	$	–	$	34,911,307
Exchange Traded Funds		1,275,479		–		–		1,275,479
Preferred Stocks		375,106		–		–		375,106
Business Development Company Notes		–		889,442		–		889,442
U.S. Corporate Bonds		–		1,183,206		–		1,183,206
U.S. Government Bonds and Notes		–		2,270,652		–		2,270,652
Warrants		10,367		–		–		10,367
Short-Term Investments		2,961,397		993,554		–		3,954,951
Total	$	39,533,656	$	5,336,854	$	–	$	44,870,510

Strategic Income Fund
	Valuation Inputs
Investments in Securities at Value*	Level 1		Level 2		Level 3		Total
Closed-End Funds	$	235,189,214	$	–	$	–	$	235,189,214
Business Development Companies		–		1,256,358		–		1,256,358
Business Development Companies - Preferred Shares		1,177,338		5,237,147		–		6,414,485
Open-End Funds		32,266,465		–		–		32,266,465
Preferred Stocks		6,640,639		–		–		6,640,639
Foreign Corporate Bonds		–		52,533,493		64,929		52,598,422
U.S. Corporate Bonds		–		111,268,501		–		111,268,501
Convertible Corporate Bonds		–		11,891		–		11,891
Foreign Government Bonds and Notes, Supranationals and Foreign Agencies		–		6,574,455		–		6,574,455
Bank Loans		–		18,463,081		–		18,463,081
Collateralized Loan Obligations		–		54,793,054		–		54,793,054
Equity - Linked Notes		–		–		–		–
Non-Agency Collateralized Mortgage Obligations		–		228,520,423		–		228,520,423
Special Purpose Acquisition Companies		13,279,831		261,086		–		13,540,917
U.S. Government Bonds and Notes		–		160,800,086		–		160,800,086
Mortgage-Backed Securities		–		8,866,799		–		8,866,799
Municipal Bonds		–		208,281		–		208,281
U.S. Government / Agency Mortgage Backed Securities		–		243,844,846		–		243,844,846
Warrants^(a)		–		–		–		–
Short-Term Investments		51,846,477		33,904,599		–		85,751,076
Total	$	340,399,964	$	926,544,100	$	64,929	$	1,267,008,993

	Valuation Inputs
Other Financial Instruments**	Level 1		Level 2		Level 3		Total
Assets
Future Contract	$	38,492,188	$	–	$	–	$	38,492,188
Total	$	38,492,188	$	–	$	–	$	38,492,188

High Income Fund
	Valuation Inputs
Investments in Securities at Value*	Level 1		Level 2		Level 3		Total
Business Development Companies	$	–	$	1,069,368	$	–	$	1,069,368
Closed-End Funds		5,738,610		–		–		5,738,610
Common Stocks		–		33		89,869		89,902
Preferred Stocks		–		–		–		–
Bank Loans		–		10,151,890		–		10,151,890
Exchange Traded Funds		1,622,100		–		–		1,622,100
High Yield Debt		–		34,266,367		–		34,266,367
Rights		–		–		–		–
Special Purpose Acquisition Companies		84,962		–		–		84,962
Warrants		–		2,251		–		2,251
Short-Term Investments		2,441,360		–		–		2,441,360
Total	$	9,887,032	$	45,489,909	$	89,869	$	55,466,810

	Valuation Inputs
Other Financial Instruments**	Level 1		Level 2			Level 3		Total
Assets
Forward Foreign Currency Contracts	$	–	$	298		$	–	$	298
Liabilities
Forward Foreign Currency Contracts	$	–	$	(117,670	)	$	–	$	(117,670	)
Total	$	–	$	(117,372	)	$	–	$	(117,372	)

Refer to each Fund’s Schedule of Investments for a listing of securities by type.

Other financial instruments are derivative instruments reflected in the Schedule of Investments.

The changes of the fair value of investments for which the Funds have used Level 3 inputs to determine the fair value are as follows:

Asset Type	Balance as of September 30, 2022		Accrued Discount/premium		Return of Capital		Realized Gain/(Loss)		Change in Unrealized Appreciation/ Depreciation			Purchases		Sales Proceeds			Transfer into Level 3		Transfer Out of Level 3		Balance as of June 30, 2023		Net change in unrealized appreciation/(depreciation) included in the Statements of Operations attributable to Level 3 investments held at June 30, 2023
Common Stocks	$	76,639	$	-	$	-	$	-	$	13,230		$	-	$	-		$	-	$	-	$	89,869	$	13,249
Preferred Stocks		135,003		-		-		-		(140,003	)		5,000		-			-		-		-		-
	$	211,642	$	-	$	-	$	-	$	13,285		$	5,000	$	(140,058	)	$	-	$	-	$	89,869	$	13,249

(a)

Transferred from Level 3 to Level 2 because of available, observable market data.

The Table below provides additional information about the Level 3 Fair Value Measurements as of June 30, 2023:

Quantitative Information about Level 3 Fair Value Measurements

High Income Fund

Asset Class		Fair Value (USD)				Valuation Technique		Unobservable Inputs^(a)		Value/Range (Weighted Average)
Common Stocks		$	89,869			Market Comparable Companies		EBITDA Multiple		6.0x-7.0x (6.5x)

(a)

A change to the unobservable input may result in a significant change to the value of the investment as follows:

Unobservable Input		Impact to Value if Input Increases		Impact to Value if Input Decreases
EBITDA Multiple		Increase		Decrease

On August 10, 2022 the Board approved the Adviser as each Fund's valuation designee, effective September 8, 2022, to make all fair valuation determinations with respect to each Fund's portfolio investments, subject to the Board's oversight and adopted all other updates pursuant to Rule 2a-5 under the 1940 Act.

4. Derivative Financial Instruments

The following discloses the Funds’ use of derivative instruments. The Funds’ investment objectives not only permit the Funds to purchase investment securities, they also allow the Funds to enter into various types of derivative contracts such as total return swap contracts and forward foreign currency contracts. In doing so, the Funds will employ strategies in differing combinations to permit them to increase, decrease, or change the level or types of exposure to market factors. Central to those strategies are features inherent to derivatives that make them more attractive for this purpose than equity or debt securities; they require little or no initial cash investment, they can focus exposure on only certain selected risk factors, and they may not require the ultimate receipt or delivery of the underlying security (or securities) to the contract. This may allow the Funds to pursue their objectives more quickly and efficiently than if they were to make direct purchases or sales of securities capable of affecting a similar response to market factors.

Market Risk Factors: In pursuit of their investment objectives, the Funds may seek to use derivatives to increase or decrease their exposure to the following market risk factors:

Foreign Exchange Rate Risk: Foreign exchange rate risk relates to the change in the U.S. dollar value of a security held that is denominated in a foreign currency. The value of a foreign currency denominated security will decrease as the dollar appreciates against the currency, while the value of the foreign currency denominated security will increase as the dollar depreciates against the currency.

Risk of Investing in Derivatives

The Funds’ use of derivatives can result in losses due to unanticipated changes in the market risk factors and the overall market. Derivatives may have little or no initial cash investment relative to their market value exposure and therefore can produce significant gains or losses in excess of their cost. This use of embedded leverage allows the Funds to increase their market value exposure relative to their net assets and can substantially increase the volatility of the Funds’ performance.

Additional associated risks from investing in derivatives also exist and potentially could have significant effects on the valuation of the derivative and the Funds. Typically, the associated risks are not the risks that the Funds are attempting to increase or decrease exposure to, per their investment objectives, but are the additional risks from investing in derivatives.

Examples of these associated risks are liquidity risk, which is the risk that the Funds will not be able to sell the derivative in the open market in a timely manner, and counterparty credit risk, which is the risk that the counterparty will not fulfill its obligation to the Funds.

Forward Foreign Currency Contracts

The Funds may engage in currency transactions with counterparties to hedge the value of portfolio securities denominated in particular currencies against fluctuations in relative value, to gain or reduce exposure to certain currencies, or to generate income or gains. A forward foreign currency contract is an agreement between two parties to buy and sell a currency at a set price on a future date. During the three months ended June 30, 2023, the High Income Fund engaged in forward foreign currency contracts. The contracts are marked-to-market daily and the change in value is recorded by the High Income Fund as an unrealized gain or loss. When a forward foreign currency contract is extinguished, through either delivery or offset by entering into another forward foreign currency contract, the High Income Fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value of the contract at the time it was extinguished.

Forward foreign currency contracts involve elements of market risk. The High Income Fund bears the risk of an unfavorable change in the foreign exchange rate underlying the forward foreign currency contract. Risks may also arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of their contracts.

5. loan participations and assignments

The Strategic Income Fund and High Income Fund may each invest in direct debt instruments which are interests in amounts owed to lenders or lending syndicates by corporate, governmental, or other borrowers. The Strategic Income Fund and High Income Fund will normally invest in corporate debt issuers in North America and Europe. The Strategic Income Fund’s and High Income Fund’s investments in loans may be in the form of participations in loans or assignments of all or a portion of loans from third parties. A loan is often administered by a bank or other financial institution (the “lender”) that acts as agent for all holders. The agent administers the terms of the loan, as specified in the loan agreement. The Strategic Income Fund and High Income Fund may each invest in multiple series or tranches of a loan, which may have varying terms and carry different associated risks. The Strategic Income Fund and High Income Fund will generally purchase assignments of these loans, in which case they will typically become lenders for purposes of the relevant loan agreement with direct contractual rights against the borrower, including the right to receive payments of principal and interest. When purchasing participation interests in a loan, the Strategic Income Fund and High Income Fund generally have no right to enforce compliance with the terms of the loan agreement with the borrower. As a result, the Strategic Income Fund and High Income Fund may each be subject to the credit risk of both the borrower and the lender that is selling the loan agreement. The Strategic Income Fund and High Income Fund may each enter into unfunded loan commitments, which are contractual obligations for future funding. Unfunded loan commitments represent a future obligation in full, even though a percentage of the notional loan amounts may not be utilized by the borrower. When investing in a loan participation, the Strategic Income Fund and High Income Fund have the right to receive payments of principal, interest and any fees to which they are entitled only from the lender selling the loan agreement and only upon receipt of payments by the lender from the borrower. The Strategic Income Fund and High Income Fund may each receive a commitment fee based on the undrawn portion of the underlying line of credit portion of a floating rate loan. In certain circumstances, the Strategic Income Fund and High Income Fund may each receive a penalty fee upon the prepayment of a floating rate loan by a borrower. Fees earned are recorded as a component of interest income or interest expense, respectively, on the Statements of Operations. At June 30, 2023, the Strategic Income Fund and High Income Fund has $5,141,365 and $385,641 in unsettled loan commitments, respectively.

6. AFFILIATED COMPANIES

Funds may invest in certain securities that are considered securities issued by affiliated companies. As defined by the Investment Company Act of 1940, an affiliated person, including an affiliated company, is one in which a Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund. The purchases, sales, dividend income, capital gains, shares and value of investment in affiliated companies for the three months ended June 30, 2023 were as follows:

Security Name	Market Value as of October 1, 2022		Purchases		Sales		Change in Unrealized Gain (Loss)		Realized Gain/Loss		Market Value as of June 30, 2023		Share Balance as of June 30, 2023		Dividends
RiverNorth/Oaktree High Income Fund	$	29,458,779	$	1,995,353	$	-	$	812,333	$	-	$	32,266,465		3,805,008	$	1,995,353
	$	29,458,779	$	1,995,353	$	-	$	812,333	$	-	$	32,266,465	$	3,805,008	$	1,995,353