Moderately Conservative Allocation Portfolio
MODERATELY CONSERVATIVE ALLOCATION PORTFOLIO Schedule of Investments as of September 30, 2019 (unaudited) Principal Principal Amount Bank Loans (2.3%)a Value Amount Bank Loans (2.3%)a Value Basic Materials (0.1%) Communications Services (0.5%) - continued Arch Coal, Inc., Term Loan Charter Communications Operating, 4.794%, (LIBOR 1M + LLC, Term Loan $1,043,939 2.750%), 3/7/2024b $1,030,024 4.050%, (LIBOR 1M + Ball Metalpack Finco, LLC, Term $1,616,213 2.000%), 4/30/2025b $1,625,102 Loan Diamond Sports Group, LLC, Term 6.624%, (LIBOR 3M + Loan 508,563 4.500%), 7/31/2025b 476,777 5.300%, (LIBOR 1M + Big River Steel, LLC, Term Loan 985,000 3.250%), 8/24/2026b 989,925 7.104%, (LIBOR 3M + 5.000%), Frontier Communications 803,600 8/23/2023b,c 795,564 Corporation, Term Loan Hexion, Inc., Term Loan 5.800%, (LIBOR 1M + 5.820%, (LIBOR 3M + 2,201,695 3.750%), 6/15/2024b 2,194,628 440,000 3.500%), 7/1/2026b 438,350 HCP Acquisition, LLC, Term Loan MRC Global (US), Inc., Term Loan 5.044%, (LIBOR 1M + 5.044%, (LIBOR 1M + 978,726 3.000%), 5/16/2024b 977,013 935,714 3.000%), 9/22/2024b 935,714 Intelsat Jackson Holdings SA, Term Pixelle Specialty Solutions, LLC, Term Loan Loan 5.804%, (LIBOR 1M + 8.044%, (LIBOR 1M + 1,315,000 3.750%), 11/27/2023b 1,317,880 1,235,663 6.000%), 10/31/2024b 1,218,672 Liberty Cablevision of Puerto Rico, Starfruit US Holdco, LLC, Term Loan LLC, Term Loan 5.292%, (LIBOR 1M + 5.528%, (LIBOR 1M + 776,100 3.250%), 10/1/2025b,d,e 759,026 3,495,000 3.500%), 1/7/2022b,c 3,481,894 Total 5,654,127 8.778%, (LIBOR 1M + 278,243 6.750%), 7/7/2023b,c 274,070 Capital Goods (0.3%) Mediacom Illinois, LLC, Term Loan Advanced Disposal Services, Inc., 3.680%, (LIBOR 1W + Term Loan 551,600 1.750%), 2/15/2024b 552,290 4.197%, (LIBOR 1W + 2.250%), NEP Group, Inc., Term Loan 728,672 11/10/2023b 730,589 5.294%, (LIBOR 1M + BWAY Holding Company, Term Loan 1,498,675 3.250%), 10/20/2025b 1,468,387 5.590%, (LIBOR 3M + 9.044%, (LIBOR 1M + 7.000%), 2,665,909 3.250%), 4/3/2024b 2,607,419 140,000 10/19/2026b 136,734 Flex Acquisition Company, Inc.
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