Global Diversified Income Fund As of November 30, 2017

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS CMBS FREMF 2016-KBAM Mortgage Trust 68,415,100 $ 69,795,580 0.56% Goldman Sachs Financial Square Funds - Government Fund 37,618,773 $ 37,618,773 0.30% JP Morgan Chase Commercial Mortgage Securities Trust 2007-CIBC19 35,000,000 $ 25,663,155 0.21% UBS-Barclays Commercial Mortgage Trust 2012-C3 25,827,000 $ 25,134,826 0.20% JPMBB Commercial Mortgage Securities Trust 2013-C15 23,750,000 $ 23,247,410 0.19% ML-CFC Commercial Mortgage Trust 2007-9 24,405,637 $ 19,951,608 0.16% COMM 2014-UBS3 Mortgage Trust 21,861,000 $ 18,183,020 0.15% UBS-Barclays Commercial Mortgage Trust 2012-C4 21,000,000 $ 17,995,574 0.14% Citigroup Commercial Mortgage Trust 2007-C6 20,412,125 $ 17,740,021 0.14% UBS-Barclays Commercial Mortgage Trust 2012-C3 20,994,000 $ 17,363,652 0.14% JPMBB Commercial Mortgage Securities Trust 2014-C24 20,500,000 $ 17,265,274 0.14% Morgan Stanley Bank of America Merrill Lynch Trust 2013-C8 18,500,000 $ 16,978,357 0.14% JP Morgan Chase Commercial Mortgage Securities Trust 2013-C16 16,202,517 $ 15,377,320 0.12% Credit Suisse Commercial Mortgage Trust Series 2007-C1 30,000,000 $ 15,289,200 0.12% UBS-Barclays Commercial Mortgage Trust 2012-C4 17,981,000 $ 14,628,480 0.12% Comm 2013-CCRE13 Mortgage Trust 18,660,000 $ 14,197,498 0.11% LB-UBS Commercial Mortgage Trust 2007-C6 13,250,000 $ 13,235,611 0.11% Morgan Stanley Bank of America Merrill Lynch Trust 2014-C16 17,104,000 $ 12,620,546 0.10% JPMBB Commercial Mortgage Securities Trust 2013-C12 13,826,000 $ 12,595,402 0.10% DBJPM 17-C6 Mortgage Trust 15,000,000 $ 12,206,709 0.10% Citigroup Commercial Mortgage Trust 2013-GC15 16,492,000 $ 12,186,326 0.10% Commercial Mortgage Pass Through Certificates 18,498,000 $ 12,116,064 0.10% LB Commercial Mortgage Trust 2007-C3 12,738,000 $ 12,049,353 0.10% Comm 2014-UBS2 Mortgage Trust 13,690,000 $ 11,733,062 0.09% COMM 2013-CCRE6 Mortgage Trust 12,700,000 $ 11,562,377 0.09% Wells Fargo Commercial Mortgage Trust 2014-LC18 13,500,000 $ 11,302,862 0.09% Morgan Stanley Bank of America Merrill Lynch Trust 2014-C16 12,500,000 $ 11,294,924 0.09% BCAP LLC 2013-RR4 Trust 11,334,000 $ 11,267,583 0.09% COMM 2014-CCRE17 Mortgage Trust 12,469,000 $ 11,072,203 0.09% JP Morgan Chase Commercial Mortgage Securities Trust 2006-CIBC17 12,866,561 $ 10,677,272 0.09% LB-UBS Commercial Mortgage Trust 2006-C7 13,397,577 $ 10,095,561 0.08% COMM 2012-CCRE1 Mortgage Trust 13,993,000 $ 10,075,553 0.08% Wells Fargo Commercial Mortgage Trust 2017-C40 10,000,000 $ 9,954,041 0.08% GS Mortgage Securities Trust 2013-GCJ14 10,460,000 $ 9,851,848 0.08% Citigroup Commercial Mortgage Trust 2015-GC27 10,000,000 $ 9,501,509 0.08% JPMCC Commercial Mortgage Securities Trust 2017-JP7 9,500,000 $ 9,117,698 0.07% Wachovia Bank Commercial Mortgage Trust Series 2007-C34 8,718,000 $ 8,930,981 0.07% Commercial Mortgage Trust 2007-GG9 9,907,436 $ 8,871,887 0.07% JPMBB Commercial Mortgage Securities Trust 2014-C23 287,441,341 $ 8,870,296 0.07% LB-UBS Commercial Mortgage Trust 2007-C6 8,841,000 $ 8,832,066 0.07%

Not FDIC or NCUA Insured PQ 8917 May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee 11-17 Not Insured by any Federal Government Agency Global Diversified Income Fund As of November 30, 2017

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS COMM 2012-CCRE1 Mortgage Trust 8,889,000 $ 8,643,503 0.07% COMM 2013-CCRE6 Mortgage Trust 10,500,000 $ 8,609,353 0.07% Citigroup Commercial Mortgage Trust 2007-C6 9,760,398 $ 8,507,088 0.07% UBS-Barclays Commercial Mortgage Trust 2013-C5 9,150,000 $ 8,258,091 0.07% Wells Fargo Commercial Mortgage Trust 2016-NXS5 7,681,000 $ 8,087,395 0.06% Morgan Stanley Bank of America Merrill Lynch Trust 2014-C14 10,331,000 $ 8,059,171 0.06% WFRBS Commercial Mortgage Trust 2013-C11 10,000,000 $ 7,975,866 0.06% Morgan Stanley Bank of America Merrill Lynch Trust 2014-C15 8,786,000 $ 7,952,796 0.06% Wachovia Bank Commercial Mortgage Trust Series 2006-C26 8,984,359 $ 7,951,808 0.06% BANK 2017-BNK5 10,000,000 $ 7,921,561 0.06% WFRBS Commercial Mortgage Trust 2014-C22 10,000,000 $ 7,837,303 0.06% Wells Fargo Commercial Mortgage Trust 2015-C28 10,000,000 $ 7,827,359 0.06% COMM 2014-UBS5 Mortgage Trust 10,000,000 $ 7,639,758 0.06% WFRBS Commercial Mortgage Trust 2014-C20 10,000,000 $ 7,636,443 0.06% JP Morgan Chase Commercial Mortgage Securities Trust 2006-CIBC16 8,166,718 $ 7,595,330 0.06% CFCRE Commercial Mortgage Trust 2016-C6 7,500,000 $ 7,587,218 0.06% GS Mortgage Securities Trust 2012-GCJ9 8,500,000 $ 7,548,360 0.06% WFRBS Commercial Mortgage Trust 2014-C24 11,047,000 $ 7,533,411 0.06% JP Morgan Chase Commercial Mortgage Securities Trust 2013-C16 10,000,000 $ 7,430,514 0.06% Citigroup Commercial Mortgage Trust 2013-GC15 7,700,000 $ 7,388,416 0.06% GS Mortgage Securities Trust 2012-GCJ7 7,429,000 $ 7,309,487 0.06% Wells Fargo Commercial Mortgage Trust 2015-NXS2 9,153,000 $ 7,308,849 0.06% DBJPM 17-C6 Mortgage Trust 99,864,363 $ 7,146,653 0.06% Morgan Stanley Bank of America Merrill Lynch Trust 2014-C14 6,750,000 $ 7,138,801 0.06% Freddie Mac Multifamily Structured Pass Through Certificates 79,054,170 $ 7,060,858 0.06% JPMBB Commercial Mortgage Securities Trust 2014-C18 7,850,000 $ 6,866,619 0.06% UBS Commercial Mortgage Trust 2012-C1 8,000,000 $ 6,793,962 0.05% JPMBB Commercial Mortgage Securities Trust 2013-C15 9,191,000 $ 6,771,957 0.05% Morgan Stanley Bank of America Merrill Lynch Trust 2012-C5 6,786,500 $ 6,743,962 0.05% COMM 2012-CCRE5 Mortgage Trust 7,500,000 $ 6,737,216 0.05% COMM 2017-COR2 Mortgage Trust 6,500,000 $ 6,511,091 0.05% JP Morgan Chase Commercial Mortgage Securities Trust 2012-C8 8,553,000 $ 6,404,540 0.05% GS Mortgage Securities Trust 2013-GCJ14 7,742,050 $ 6,258,035 0.05% Wells Fargo Commercial Mortgage Trust 2017-C38 79,820,871 $ 6,174,639 0.05% Comm 2013-CCRE13 Mortgage Trust 6,421,000 $ 6,116,187 0.05% COMM 2013-CCRE7 Mortgage Trust 7,500,000 $ 5,916,776 0.05% JPMBB Commercial Mortgage Securities Trust 2014-C19 5,750,000 $ 5,887,223 0.05% CGMS Commercial Mortgage Trust 2017-B1 7,435,000 $ 5,801,288 0.05% CD 2017-CD5 Mortgage Trust 7,000,000 $ 5,758,201 0.05% CD 2007-CD4 Commercial Mortgage Trust 9,164,782 $ 5,496,208 0.04% BANK 2017-BNK5 8,356,000 $ 5,489,911 0.04%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS COMM 2015-LC23 Mortgage Trust 6,000,000 $ 5,374,555 0.04% Morgan Stanley Bank of America Merrill Lynch Trust 2013-C13 5,462,000 $ 5,151,031 0.04% JP Morgan Chase Commercial Mortgage Securities Trust 2012-C6 7,500,000 $ 5,100,611 0.04% ML-CFC Commercial Mortgage Trust 2007-5 6,144,268 $ 5,097,446 0.04% Morgan Stanley Bank of America Merrill Lynch Trust 2013-C10 5,609,000 $ 5,093,850 0.04% GS Mortgage Securities Trust 2010-C2 5,000,000 $ 5,083,586 0.04% JP Morgan Chase Commercial Mortgage Securities Trust 2011-C5 6,000,000 $ 5,078,120 0.04% COMM 2016-COR1 Mortgage Trust 5,000,000 $ 4,988,211 0.04% JPMBB Commercial Mortgage Securities Trust 2014-C26 5,000,000 $ 4,981,893 0.04% JP Morgan Chase Commercial Mortgage Securities Trust 2011-C5 4,844,000 $ 4,870,122 0.04% Wells Fargo Commercial Mortgage Trust 2014-LC18 84,076,151 $ 4,864,697 0.04% JP Morgan Chase Commercial Mortgage Securities Trust 2013-C10 276,436,391 $ 4,850,574 0.04% GS Mortgage Securities Trust 2012-GCJ9 5,000,000 $ 4,848,568 0.04% COMM 2013-LC6 Mortgage Trust 5,205,000 $ 4,846,312 0.04% JPMBB Commercial Mortgage Securities Trust 2015-C28 5,000,000 $ 4,800,417 0.04% Freddie Mac Multifamily Structured Pass Through Certificates 83,687,608 $ 4,694,105 0.04% Citigroup Commercial Mortgage Trust 2016-C1 37,461,356 $ 4,589,863 0.04% Wells Fargo Commercial Mortgage Trust 2015-NXS1 6,916,000 $ 4,405,603 0.04% Wells Fargo Commercial Mortgage Trust 2016-C34 36,045,291 $ 4,386,196 0.04% COMM 2012-CCRE4 Mortgage Trust 5,000,000 $ 4,340,259 0.03% Citigroup Commercial Mortgage Trust 2014-GC19 4,150,000 $ 4,326,422 0.03% Banc of America Merrill Lynch Commercial Mortgage Inc 5,221,426 $ 4,306,789 0.03% Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18 4,408,334 $ 4,280,083 0.03% UBS-Barclays Commercial Mortgage Trust 2013-C5 5,759,000 $ 4,264,268 0.03% Morgan Stanley Bank of America Merrill Lynch Trust 2016-C29 41,948,219 $ 4,176,092 0.03% Wells Fargo Commercial Mortgage Trust 2016-NXS5 4,254,000 $ 4,145,529 0.03% COMM 2016-COR1 Mortgage Trust 45,656,936 $ 4,106,262 0.03% COMM 2014-CCRE15 Mortgage Trust 5,414,000 $ 4,104,605 0.03% Wells Fargo Commercial Mortgage Trust 2016-C36 4,000,000 $ 4,010,714 0.03% COMM 2017-COR2 Mortgage Trust 43,471,744 $ 3,880,423 0.03% JP Morgan Chase Commercial Mortgage Securities Trust 2016-JP3 4,000,000 $ 3,835,820 0.03% Wells Fargo Commercial Mortgage Trust 2015-NXS3 5,000,000 $ 3,812,436 0.03% JP Morgan Chase Commercial Mortgage Securities Trust 2011-C3 4,330,000 $ 3,746,965 0.03% Freddie Mac Multifamily Structured Pass Through Certificates 38,877,257 $ 3,598,984 0.03% CFCRE Commercial Mortgage Trust 2016-C6 45,127,027 $ 3,587,698 0.03% JPMBB Commercial Mortgage Securities Trust 2015-C29 4,500,000 $ 3,560,916 0.03% Morgan Stanley Bank of America Merrill Lynch Trust 2015-C20 41,500,000 $ 3,493,860 0.03% GS Mortgage Securities Corp II 4,500,000 $ 3,447,256 0.03% GS Mortgage Securities Trust 2013-GC16 3,544,000 $ 3,439,378 0.03% COMM 2014-CCRE17 Mortgage Trust 5,311,000 $ 3,399,466 0.03% BANK 2017-BNK5 36,903,000 $ 3,359,276 0.03%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS COMM 2012-CCRE5 Mortgage Trust 3,475,000 $ 3,333,061 0.03% JP Morgan Chase Commercial Mortgage Securities Trust 2013-LC11 62,596,770 $ 3,295,194 0.03% JPMBB Commercial Mortgage Securities Trust 2015-C28 61,955,378 $ 3,272,347 0.03% JP Morgan Chase Commercial Mortgage Securities Trust 2005-LDP4 3,246,791 $ 3,239,536 0.03% Morgan Stanley Bank of America Merrill Lynch Trust 2013-C9 4,150,000 $ 3,233,742 0.03% Citigroup Commercial Mortgage Trust 2014-GC19 3,425,000 $ 3,135,564 0.03% Morgan Stanley Bank of America Merrill Lynch Trust 2014-C15 4,000,000 $ 3,092,130 0.02% Wells Fargo Commercial Mortgage Trust 2015-NXS1 3,500,000 $ 3,080,449 0.02% GS Mortgage Securities Trust 2011-GC5 3,660,000 $ 2,961,118 0.02% COMM 2014-LC17 Mortgage Trust 4,133,167 $ 2,877,965 0.02% Freddie Mac Multifamily Structured Pass Through Certificates 86,714,229 $ 2,657,678 0.02% JPMBB Commercial Mortgage Securities Trust 2015-C30 82,647,993 $ 2,652,406 0.02% COMM 2014-LC17 Mortgage Trust 4,383,000 $ 2,631,890 0.02% Banc of America Merrill Lynch Commercial Mortgage Inc 2,609,976 $ 2,618,872 0.02% CD 2006-CD2 Mortgage Trust 2,841,409 $ 2,421,245 0.02% GS Mortgage Securities Trust 2017-GS7 29,084,714 $ 2,414,849 0.02% JPMBB Commercial Mortgage Securities Trust 2014-C21 43,696,070 $ 2,333,711 0.02% JP Morgan Chase Commercial Mortgage Securities Trust 2007-CIBC20 2,309,310 $ 2,329,586 0.02% COMM 2013-CCRE6 Mortgage Trust 61,782,395 $ 2,233,335 0.02% GS Mortgage Securities Trust 2014-GC26 2,570,000 $ 2,229,980 0.02% JPMBB Commercial Mortgage Securities Trust 2014-C18 56,503,935 $ 2,227,656 0.02% GS Mortgage Securities Trust 2014-GC26 29,811,000 $ 2,134,846 0.02% UBS Commercial Mortgage Trust 2012-C1 143,075,587 $ 2,101,280 0.02% Freddie Mac Multifamily Structured Pass Through Certificates 25,653,793 $ 2,040,693 0.02% BANK 2017-BNK6 2,500,000 $ 1,988,430 0.02% GS Mortgage Securities Trust 2013-GCJ14 2,500,000 $ 1,928,906 0.02% CSAIL 2015-C1 Commercial Mortgage Trust 62,192,000 $ 1,870,549 0.02% JPMCC Commercial Mortgage Securities Trust 2017-JP6 23,945,766 $ 1,849,097 0.01% Freddie Mac Multifamily Structured Pass Through Certificates 146,271,037 $ 1,772,425 0.01% GS Mortgage Securities Trust 2013-GC16 2,500,000 $ 1,758,931 0.01% COMM 2014-UBS6 Mortgage Trust 60,589,000 $ 1,756,106 0.01% Morgan Stanley Bank of America Merrill Lynch Trust 2015-C26 2,185,000 $ 1,755,700 0.01% GS Mortgage Securities Trust 2012-GC6 226,504,435 $ 1,754,549 0.01% Citigroup Commercial Mortgage Trust 2016-GC37 15,204,894 $ 1,710,348 0.01% Freddie Mac Multifamily Structured Pass Through Certificates 58,548,535 $ 1,707,387 0.01% COMM 2014-CCRE21 Mortgage Trust 20,879,000 $ 1,687,153 0.01% JPMBB Commercial Mortgage Securities Trust 2015-C28 54,005,000 $ 1,619,767 0.01% Freddie Mac Multifamily Structured Pass Through Certificates 20,000,000 $ 1,516,360 0.01% Wells Fargo Commercial Mortgage Trust 2015-NXS3 26,623,182 $ 1,482,589 0.01% Citigroup Commercial Mortgage Trust 2012-GC8 1,875,000 $ 1,410,454 0.01% UBS-Barclays Commercial Mortgage Trust 2012-C2 27,136,976 $ 1,347,069 0.01%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS JPMBB Commercial Mortgage Securities Trust 2015-C31 42,377,000 $ 1,312,187 0.01% DBUBS 2011-LC1 Mortgage Trust 142,383,507 $ 1,271,058 0.01% GS Mortgage Securities Trust 2010-C1 43,037,933 $ 1,267,906 0.01% Freddie Mac Multifamily Structured Pass Through Certificates 68,597,999 $ 1,188,344 0.01% Freddie Mac Multifamily Structured Pass Through Certificates 16,936,236 $ 1,178,427 0.01% LB Commercial Mortgage Trust 2007-C3 1,095,871 $ 1,096,789 0.01% JPMBB Commercial Mortgage Securities Trust 2014-C19 1,200,000 $ 1,067,939 0.01% Freddie Mac Multifamily Structured Pass Through Certificates 15,543,650 $ 1,008,341 0.01% JP Morgan Chase Commercial Mortgage Securities Trust 2006-LDP9 1,000,000 $ 1,005,440 0.01% Freddie Mac Multifamily Structured Pass Through Certificates 52,351,052 $ 999,628 0.01% Commercial Mortgage Trust 2007-GG9 14,000,000 $ 916,686 0.01% JPMBB Commercial Mortgage Securities Trust 2013-C15 11,500,000 $ 831,677 0.01% COMM 2014-CCRE17 Mortgage Trust 44,717,000 $ 774,418 0.01% Freddie Mac Multifamily Structured Pass Through Certificates 24,310,873 $ 714,830 0.01% Freddie Mac Multifamily Structured Pass Through Certificates 47,224,000 $ 662,718 0.01% WFRBS Commercial Mortgage Trust 2011-C5 121,415,950 $ 597,160 0.00% Morgan Stanley Capital I Trust 2011-C3 23,845,870 $ 512,648 0.00% Freddie Mac Multifamily Structured Pass Through Certificates 4,400,000 $ 483,344 0.00% LB-UBS Commercial Mortgage Trust 2005-C3 307,235 $ 310,126 0.00% DBUBS 2011-LC2 Mortgage Trust 10,997,743 $ 305,337 0.00% Freddie Mac Multifamily Structured Pass Through Certificates 13,000,000 $ 304,227 0.00% JP Morgan Chase Commercial Mortgage Securities Trust 2010-CNTR 7,602,592 $ 265,121 0.00% FREMF 2011-K704 Mortgage Trust 546,334,331 $ 233,940 0.00% Freddie Mac Multifamily Structured Pass Through Certificates 1,800,000 $ 219,647 0.00% Wells Fargo Commercial Mortgage Trust 2010-C1 13,678,344 $ 218,510 0.00% Merrill Lynch Mortgage Trust 2007-C1 15,869,845 $ 163,991 0.00% JP Morgan Chase Commercial Mortgage Securities Trust 2005-CIBC12 38,962 $ 38,911 0.00% LB-UBS Commercial Mortgage Trust 2003-C8 716,385 $ 645 0.00% Wachovia Commercial Mortgage Securities Inc Commercial Mortgage Pass 366,572 $ 557 0.00% Through Certificates Series 2003 C5 Credit Suisse Commercial Mortgage Trust Series 2007-C5 37,359,461 $ 116 0.00%

Total CMBS $ 1,210,879,565 9.73%

Emerging Market Debt-Logan Circle BlackRock Liquidity Funds FedFund Portfolio 49,152,763 $ 49,152,763 0.39% Malaysia Government Bond 96,939,000 $ 23,912,134 0.19% Brazil Notas do Tesouro Nacional Serie F 75,453,000 $ 22,557,353 0.18% Russian Federal Bond - OFZ 1,119,796,000 $ 18,577,963 0.15% Brazil Notas do Tesouro Nacional Serie F 55,435,000 $ 16,685,899 0.13% Argentine Republic Government International Bond 22,050,000 $ 16,165,958 0.13% Bonos de la Tesoreria de la Republica en pesos 10,500,000,000 $ 16,141,807 0.13% Peruvian Government International Bond 39,449,000 $ 14,937,171 0.12%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS Colombian TES 37,697,000,000 $ 13,154,322 0.11% Argentine Republic Government International Bond 10,790,000 $ 12,759,314 0.10% Republic of South Africa Government International Bond 13,575,000 $ 12,751,649 0.10% Petrobras Global Finance BV 10,705,000 $ 11,796,910 0.09% Ukraine Government International Bond 11,520,000 $ 11,350,656 0.09% Petroleos Mexicanos 10,085,000 $ 11,121,234 0.09% Argentine Republic Government International Bond 8,990,000 $ 10,946,451 0.09% Ecuador Government International Bond 10,300,000 $ 10,892,250 0.09% Petroleos del Peru SA 10,230,000 $ 10,869,375 0.09% Indonesia Government International Bond 10,575,000 $ 10,690,542 0.09% Finansbank AS/Turkey 10,865,000 $ 10,626,948 0.09% Mexican Bonos 169,610,000 $ 10,517,920 0.08% Republic of South Africa Government Bond 133,375,000 $ 10,407,432 0.08% Bahrain Government International Bond 10,655,000 $ 10,106,268 0.08% First Quantum Minerals Ltd 9,455,000 $ 10,057,756 0.08% Hungary Government Bond 2,559,320,000 $ 10,033,488 0.08% Brazilian Government International Bond 9,435,000 $ 9,392,543 0.08% Bonos de la Tesoreria de la Republica en pesos 5,825,000,000 $ 9,200,511 0.07% Gerdau Trade Inc 9,160,000 $ 9,196,640 0.07% Mexico City Airport Trust 9,170,000 $ 9,183,663 0.07% Braskem Netherlands Finance BV 9,200,000 $ 9,156,300 0.07% Saudi Government International Bond 8,905,000 $ 9,092,272 0.07% Provincia de Buenos Aires/Argentina 8,485,000 $ 9,018,876 0.07% Egypt Government International Bond 8,650,000 $ 9,017,158 0.07% Ukreximbank Via Biz Finance PLC 8,030,000 $ 8,745,473 0.07% Acwa Power Management And Investments One Ltd 8,570,000 $ 8,677,125 0.07% Pelabuhan Indonesia II PT 8,470,000 $ 8,671,163 0.07% Eskom Holdings SOC Ltd 8,565,000 $ 8,560,974 0.07% Russian Federal Bond - OFZ 492,504,000 $ 8,538,365 0.07% Banco Mercantil del Norte SA/Grand Cayman 7,665,000 $ 8,354,850 0.07% Export-Import Bank of Korea 540,000,000 $ 8,270,140 0.07% Stillwater Mining Co 7,800,000 $ 8,100,300 0.07% Development Bank of Kazakhstan JSC 7,705,000 $ 7,916,888 0.06% Pampa Energia SA 7,260,000 $ 7,895,250 0.06% Banque Ouest Africaine de Developpement 7,416,000 $ 7,888,028 0.06% Abu Dhabi Government International Bond 7,725,000 $ 7,679,423 0.06% El Salvador Government International Bond 7,305,000 $ 7,670,250 0.06% Turkey Government Bond 30,809,000 $ 7,639,505 0.06% Mexican Bonos 142,030,000 $ 7,516,059 0.06% Petroleos Mexicanos 7,010,000 $ 7,412,374 0.06% Croatia Government International Bond 6,655,000 $ 7,160,780 0.06%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS JBS Investments GmbH 6,975,000 $ 7,149,375 0.06% Braskem America Finance Co 5,960,000 $ 7,144,550 0.06% European Bank for Reconstruction & Development 94,630,000,000 $ 7,122,086 0.06% Indonesia Treasury Bond 83,915,000,000 $ 7,109,758 0.06% Perusahaan Penerbit SBSN Indonesia III 6,685,000 $ 7,059,561 0.06% Peru Government Bond 21,563,000 $ 7,052,051 0.06% Zambia Government International Bond 6,400,000 $ 7,048,000 0.06% Ukraine Government International Bond 6,630,000 $ 7,044,494 0.06% Credit Bank of Moscow Via CBOM Finance PLC 7,405,000 $ 6,831,113 0.05% Petroamazonas EP 6,805,000 $ 6,617,863 0.05% MTN Mauritius Investment Ltd 6,075,000 $ 6,507,783 0.05% Eastern and Southern African Trade and Development Bank 6,270,000 $ 6,497,288 0.05% Banco Nacional de Costa Rica 6,085,000 $ 6,450,100 0.05% Alibaba Group Holding Ltd 6,315,000 $ 6,424,355 0.05% Sri Lanka Government International Bond 6,100,000 $ 6,421,128 0.05% Minejesa Capital BV 6,300,000 $ 6,393,328 0.05% KazAgro National Management Holding JSC 6,305,000 $ 6,383,182 0.05% KazMunayGas National Co JSC 5,765,000 $ 6,305,526 0.05% Angolan Government International Bond 5,525,000 $ 6,222,808 0.05% Sri Lanka Government International Bond 5,800,000 $ 6,128,228 0.05% Republic of Poland Government Bond 22,926,000 $ 6,121,957 0.05% Croatia Government International Bond 5,365,000 $ 6,109,394 0.05% Argentine Bonos del Tesoro 108,977,000 $ 6,096,541 0.05% Banco Hipotecario SA 5,340,000 $ 6,081,726 0.05% Malaysia Government Bond 24,393,000 $ 6,029,255 0.05% Oil and Gas Holding Co BSCC/The 5,805,000 $ 5,967,540 0.05% Banque Ouest Africaine de Developpement 5,680,000 $ 5,907,200 0.05% Costa Rica Government International Bond 5,550,000 $ 5,889,938 0.05% Ghana Government International Bond 5,405,000 $ 5,886,045 0.05% Indonesia Government International Bond 5,555,000 $ 5,849,582 0.05% Ivory Coast Government International Bond 5,804,475 $ 5,789,964 0.05% Nigeria Government International Bond 5,590,000 $ 5,757,700 0.05% Mexican Bonos 101,220,000 $ 5,653,011 0.05% Argentina POM Politica Monetaria 89,818,766 $ 5,553,340 0.04% Kenya Government International Bond 5,325,000 $ 5,480,916 0.04% Vale Overseas Ltd 4,920,000 $ 5,393,550 0.04% Digicel Group Ltd 5,550,000 $ 5,347,425 0.04% Turkey Government International Bond 4,950,000 $ 5,328,675 0.04% JBS Investments GmbH 5,350,000 $ 5,323,250 0.04% Atento Luxco 1 SA 5,100,000 $ 5,314,710 0.04% Vale Overseas Ltd 4,310,000 $ 5,267,682 0.04%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS Adani Abbot Point Terminal Pty Ltd 5,295,000 $ 5,261,165 0.04% Provincia de Buenos Aires/Argentina 5,005,000 $ 5,253,298 0.04% Peruvian Government International Bond 15,906,000 $ 5,237,651 0.04% Ukraine Government International Bond 4,930,000 $ 5,103,832 0.04% Indonesia Government International Bond 4,560,000 $ 5,083,032 0.04% Petroleos Mexicanos 4,705,000 $ 5,022,588 0.04% Petroleos Mexicanos 4,550,000 $ 5,017,513 0.04% Bancolombia SA 5,045,000 $ 4,997,073 0.04% Russian Federal Bond - OFZ 290,640,000 $ 4,992,336 0.04% Serbia International Bond 4,315,000 $ 4,944,990 0.04% Argentine Bonos del Tesoro 86,118,000 $ 4,924,988 0.04% Turkey Government International Bond 5,225,000 $ 4,911,918 0.04% 1MDB Energy Ltd 4,500,000 $ 4,877,550 0.04% Republic of South Africa Government Bond 78,017,266 $ 4,858,226 0.04% BBVA Bancomer SA/Texas 4,260,000 $ 4,825,302 0.04% C&W Senior Financing Designated Activity Co 4,570,000 $ 4,798,500 0.04% Russian Foreign Bond - Eurobond 4,400,000 $ 4,782,800 0.04% Colombia Government International Bond 4,535,000 $ 4,739,075 0.04% Indonesia Government International Bond 4,200,000 $ 4,680,871 0.04% Abu Dhabi Crude Oil Pipeline LLC 4,510,000 $ 4,600,200 0.04% Turkiye Vakiflar Bankasi TAO 4,645,000 $ 4,598,736 0.04% Suzano Austria GmbH 3,995,000 $ 4,544,313 0.04% Inter-American Development Bank 293,300,000 $ 4,523,720 0.04% Telefonica Celular del Paraguay SA 4,330,000 $ 4,434,353 0.04% Pertamina Persero PT 3,895,000 $ 4,423,501 0.04% Pampa Energia SA 3,945,000 $ 4,302,733 0.03% Africa Finance Corp 4,210,000 $ 4,242,417 0.03% Petrobras Global Finance BV 4,275,000 $ 4,223,700 0.03% KSA Sukuk Ltd 4,215,000 $ 4,201,099 0.03% Petroleos de Venezuela SA 5,385,000 $ 4,200,300 0.03% MHP SA 3,865,000 $ 4,197,235 0.03% Asian Development Bank 272,000,000 $ 4,193,963 0.03% Zambia Government International Bond 4,205,000 $ 4,057,867 0.03% CSN Islands XI Corp 4,290,000 $ 3,980,048 0.03% Banco de Bogota SA 3,620,000 $ 3,924,080 0.03% Indonesia Government International Bond 3,700,000 $ 3,901,162 0.03% Minerva Luxembourg SA 3,725,000 $ 3,860,851 0.03% Ukraine Government International Bond 3,595,000 $ 3,828,718 0.03% Mexico Government International Bond 3,625,000 $ 3,811,688 0.03% City of Buenos Aires Argentina 64,935,000 $ 3,752,384 0.03% Aeropuertos Dominicanos Siglo XXI SA 3,340,000 $ 3,632,250 0.03%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS Pakistan Government International Bond 3,595,000 $ 3,603,988 0.03% Digicel Group Ltd 3,977,000 $ 3,592,305 0.03% Ecuador Government International Bond 3,195,000 $ 3,490,538 0.03% Cemig Geracao e Transmissao SA 3,450,000 $ 3,450,000 0.03% Republic of Angola Via Northern Lights III BV 3,333,750 $ 3,425,428 0.03% YPF SA 3,210,000 $ 3,398,427 0.03% Turkiye Is Bankasi 3,305,000 $ 3,291,621 0.03% Export-Import Bank of Korea 44,000,000,000 $ 3,243,831 0.03% Marfrig Holdings Europe BV 2,936,000 $ 3,032,007 0.02% Kenya Government International Bond 2,870,000 $ 3,029,457 0.02% Braskem Finance Ltd 2,950,000 $ 3,020,800 0.02% Argentine Republic Government International Bond 28,065,000 $ 3,002,955 0.02% Teva Pharmaceutical Finance Netherlands III BV 3,575,000 $ 2,978,744 0.02% CSN Resources SA 3,200,000 $ 2,900,800 0.02% Vale Canada Ltd 2,575,000 $ 2,884,000 0.02% ENA Norte Trust 2,740,629 $ 2,857,105 0.02% Gazprom OAO Via Gaz Capital SA 2,570,000 $ 2,846,275 0.02% Bonos de la Tesoreria de la Republica en pesos 1,610,000,000 $ 2,680,181 0.02% Inter-American Development Bank 32,750,000,000 $ 2,570,413 0.02% Pelabuhan Indonesia II PT 2,315,000 $ 2,433,297 0.02% Banco Votorantim SA 2,375,000 $ 2,375,000 0.02% Sri Lanka Government International Bond 2,220,000 $ 2,361,201 0.02% Turkiye Vakiflar Bankasi TAO 2,300,000 $ 2,318,400 0.02% Venezuela Government International Bond 10,210,000 $ 2,259,473 0.02% Petroleos de Venezuela SA 9,785,000 $ 2,250,550 0.02% Petroleos de Venezuela SA 10,140,000 $ 2,230,800 0.02% Province of British Columbia Canada 133,400,000 $ 2,101,838 0.02% Yapi ve Kredi Bankasi AS 1,875,000 $ 1,821,300 0.01% Alibaba Group Holding Ltd 1,765,000 $ 1,793,633 0.01% International Finance Corp 107,000,000 $ 1,656,029 0.01% Samarco Mineracao SA 2,625,000 $ 1,588,125 0.01% Venezuela Government International Bond 6,400,000 $ 1,392,000 0.01% Petroleos Mexicanos 1,065,000 $ 1,126,131 0.01% Samarco Mineracao SA 1,800,000 $ 1,089,000 0.01% Frontera Energy Corp 35,992 $ 1,047,007 0.01% Braskem Finance Ltd 1,000,000 $ 1,024,000 0.01% Odebrecht Finance Ltd 2,870,000 $ 990,150 0.01% Odebrecht Finance Ltd 2,540,000 $ 901,700 0.01% Petroleos de Venezuela SA 3,065,000 $ 732,535 0.01% ENA Norte Trust 451,833 $ 471,036 0.00% Russian Foreign Bond - Eurobond 100,000 $ 106,260 0.00%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS

Total Emerging Market Debt-Logan Circle $ 1,099,346,810 8.83%

Emerging Market Debt-Stone Harbor Russian Federal Bond - OFZ 4,192,100,000 $ 77,459,911 0.62% Wells Fargo Advantage Government Money Market Fund 74,681,052 $ 74,681,052 0.60% Colombian TES 175,105,000,000 $ 62,155,977 0.50% Iraq International Bond 64,626,000 $ 61,684,224 0.50% Argentine Republic Government International Bond 39,040,595 $ 53,183,609 0.43% Indonesia Treasury Bond 559,600,000,000 $ 42,923,835 0.34% Ukraine Government International Bond 34,407,000 $ 33,901,217 0.27% Brazil Notas do Tesouro Nacional Serie F 110,000,000 $ 33,109,929 0.27% Egypt Treasury Bills 640,300,000 $ 32,955,036 0.26% Mexican Bonos 617,040,000 $ 30,085,880 0.24% 1MDB Global Investments Ltd 31,200,000 $ 30,074,710 0.24% Uruguay Government International Bond 729,030,000 $ 26,721,822 0.21% Dominican Republic Bond 1,053,900,000 $ 24,282,906 0.20% Republic of South Africa Government Bond 473,680,000 $ 23,585,845 0.19% Turkey Government International Bond 22,363,000 $ 23,465,809 0.19% Argentine Republic Government International Bond 26,452,000 $ 22,451,582 0.18% Brazil Notas do Tesouro Nacional Serie F 73,680,000 $ 22,027,299 0.18% Turkey Government International Bond 22,303,000 $ 21,132,093 0.17% Russian Federal Bond - OFZ 1,173,620,000 $ 20,346,628 0.16% Petroleos Mexicanos 420,000,000 $ 20,202,615 0.16% Indonesia Treasury Bond 244,500,000,000 $ 19,874,889 0.16% Ivory Coast Government International Bond 19,701,000 $ 19,752,223 0.16% Ecuador Government International Bond 18,552,000 $ 19,618,740 0.16% Costa Rica Government International Bond 17,845,000 $ 18,938,006 0.15% Republic of South Africa Government Bond 228,544,000 $ 17,833,597 0.14% Ukraine Government International Bond 31,093,000 $ 16,953,769 0.14% Petroleos Mexicanos 15,109,000 $ 15,976,257 0.13% Turkey Government Bond 68,030,000 $ 15,896,078 0.13% Brazil Letras do Tesouro Nacional 62,779,000 $ 15,378,798 0.12% Brazil Notas do Tesouro Nacional Serie F 50,150,000 $ 15,352,817 0.12% Mexican Bonos 276,370,000 $ 15,295,069 0.12% Indonesia Treasury Bond 200,000,000,000 $ 15,274,287 0.12% Ukraine Government International Bond 14,730,000 $ 15,245,550 0.12% Petrobras Global Finance BV 12,449,000 $ 14,860,994 0.12% Petroleos Mexicanos 300,000,000 $ 14,270,290 0.11% Qatar Government International Bond 13,200,000 $ 13,918,450 0.11% Petroleos Mexicanos 12,625,000 $ 13,349,675 0.11% Geopark Ltd 12,168,000 $ 12,454,556 0.10%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS Metinvest BV 11,681,533 $ 12,327,522 0.10% Cosan Ltd 11,966,000 $ 12,326,177 0.10% Gabon Government International Bond 11,958,000 $ 12,162,960 0.10% Pampa Energia SA 11,069,000 $ 12,037,538 0.10% YPF SA 10,313,000 $ 11,856,856 0.10% Adecoagro SA 11,883,000 $ 11,793,878 0.09% Turkiye Garanti Bankasi AS 11,614,000 $ 11,476,026 0.09% Turkey Government Bond 47,020,000 $ 11,389,073 0.09% Republic of Azerbaijan International Bond 10,868,000 $ 11,144,265 0.09% Petrobras Global Finance BV 9,465,000 $ 10,430,430 0.08% Vedanta Resources PLC 10,150,000 $ 10,386,059 0.08% Nigeria OMO Bill 3,983,000,000 $ 10,245,688 0.08% Iraq International Bond 9,953,000 $ 10,052,649 0.08% Turkey Government Bond 41,516,000 $ 9,902,179 0.08% Ukraine Government International Bond 9,201,000 $ 9,776,228 0.08% Southern Gas Corridor CJSC 8,574,000 $ 9,691,775 0.08% Republic of Cameroon International Bond 7,510,000 $ 8,975,652 0.07% Gabon Government International Bond 8,399,000 $ 8,379,682 0.07% Turkey Government Bond 34,740,000 $ 8,294,875 0.07% Nigeria Government International Bond 7,472,000 $ 8,284,655 0.07% Axtel SAB de CV 8,121,000 $ 8,242,815 0.07% Senegal Government International Bond 7,788,000 $ 8,123,819 0.07% Digicel Group Ltd 8,911,000 $ 8,049,039 0.06% Jordan Government International Bond 7,699,000 $ 7,929,816 0.06% Republic of South Africa Government International Bond 7,741,000 $ 7,744,840 0.06% Lebanon Government International Bond 8,119,000 $ 7,728,249 0.06% Digicel Group Ltd 7,949,000 $ 7,658,862 0.06% Petrobras Global Finance BV 7,508,000 $ 7,630,005 0.06% Gabon Government International Bond 7,385,983 $ 7,368,995 0.06% Venezuela Government International Bond 30,000,600 $ 7,350,147 0.06% Petroleos de Venezuela SA 31,729,711 $ 7,297,834 0.06% Brazilian Government International Bond 7,697,000 $ 7,177,453 0.06% Turkey Government Bond 28,820,000 $ 7,159,186 0.06% State Oil Co of the Azerbaijan Republic 7,053,000 $ 7,079,449 0.06% Turkey Government International Bond 6,183,000 $ 6,745,653 0.05% KazTransGas JSC 6,651,000 $ 6,623,066 0.05% IHS Netherlands Holdco BV 6,164,000 $ 6,589,057 0.05% Republic of Cameroon International Bond 5,422,000 $ 6,480,158 0.05% Egypt Treasury Bills 114,025,000 $ 6,382,247 0.05% Minerva Luxembourg SA 6,058,000 $ 6,278,935 0.05% Ukraine Government International Bond 5,875,000 $ 6,146,425 0.05%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS Marfrig Holdings Europe BV 5,771,000 $ 6,073,978 0.05% Cosan Luxembourg SA 5,536,000 $ 5,978,880 0.05% Nigeria Government International Bond 5,720,000 $ 5,837,832 0.05% Kenya Government International Bond 5,194,000 $ 5,482,579 0.04% Mexican Bonos 101,520,000 $ 5,372,318 0.04% Ukraine Government International Bond 5,041,000 $ 5,353,542 0.04% Petroleos Mexicanos 5,635,000 $ 5,268,725 0.04% Petroleos Mexicanos 4,728,000 $ 5,213,802 0.04% Nigeria Treasury Bill 1,961,376,000 $ 5,123,398 0.04% Petroleos Mexicanos 4,877,000 $ 4,974,540 0.04% El Salvador Government International Bond 4,231,000 $ 4,728,143 0.04% Turkey Government Bond 18,800,000 $ 4,637,708 0.04% Ghana Government International Bond 3,393,000 $ 4,583,991 0.04% Lebanon Government International Bond 4,878,000 $ 4,532,228 0.04% Indika Energy Capital II Pte Ltd 4,348,000 $ 4,519,543 0.04% Turkey Government International Bond 4,165,000 $ 4,396,574 0.04% Tullow Oil PLC 4,285,000 $ 4,311,781 0.03% Dominican Republic International Bond 3,908,000 $ 4,142,480 0.03% Banco Nacional de Costa Rica 3,969,000 $ 4,139,667 0.03% KazAgro National Management Holding JSC 4,000,000 $ 4,049,600 0.03% Ukraine Government International Bond 3,744,000 $ 3,987,405 0.03% State Savings Bank of Ukraine Via SSB #1 PLC 3,599,000 $ 3,904,915 0.03% Dominican Republic International Bond 3,266,000 $ 3,894,705 0.03% Ecuador Government International Bond 3,387,000 $ 3,801,908 0.03% Ivory Coast Government International Bond 3,760,605 $ 3,751,203 0.03% Provincia del Chaco Argentina 3,321,000 $ 3,511,360 0.03% Brazil Letras do Tesouro Nacional 11,925,000 $ 3,385,258 0.03% Petrobras Global Finance BV 3,197,000 $ 3,336,869 0.03% Ukraine Government International Bond 3,224,000 $ 3,336,840 0.03% Zambia Government International Bond 3,077,000 $ 3,334,699 0.03% Republic of Iraq - Merrill Lynch 469,834,632 $ 3,261,227 0.03% Costa Rica Government International Bond 3,061,000 $ 2,953,773 0.02% Uruguay Government International Bond 85,000,000 $ 2,931,540 0.02% Turkey Government International Bond 3,266,000 $ 2,802,555 0.02% Dominican Republic International Bond 2,491,000 $ 2,681,586 0.02% Russian Foreign Bond - Eurobond 2,600,000 $ 2,680,600 0.02% KazMunayGas National Co JSC 2,447,000 $ 2,676,431 0.02% Vedanta Resources PLC 2,541,000 $ 2,661,698 0.02% Republic of South Africa Government International Bond 2,569,000 $ 2,608,069 0.02% Costa Rica Government International Bond 2,643,000 $ 2,593,444 0.02% Kenya Government International Bond 2,427,000 $ 2,498,063 0.02%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS Dominican Republic International Bond 2,224,000 $ 2,413,040 0.02% KazMunayGas National Co JSC 2,015,000 $ 2,203,926 0.02% Argentine Republic Government International Bond 1,599,033 $ 2,196,157 0.02% Petroleos de Venezuela SA 9,858,915 $ 2,168,961 0.02% Southern Gas Corridor CJSC 1,802,000 $ 2,036,923 0.02% Zambia Government International Bond 1,972,000 $ 1,903,000 0.02% Petroamazonas EP 1,926,000 $ 1,873,035 0.02% Ethiopia International Bond 1,800,000 $ 1,866,744 0.01% Angolan Government International Bond 1,588,000 $ 1,788,564 0.01% Petroleos Mexicanos 1,204,000 $ 1,635,130 0.01% Petroleos Mexicanos 1,447,000 $ 1,595,679 0.01% EP PetroEcuador via Noble Sovereign Funding I Ltd 1,484,211 $ 1,513,895 0.01% Ivory Coast Government International Bond 1,468,730 $ 1,465,058 0.01% El Salvador Government International Bond 1,341,000 $ 1,444,928 0.01% Republic of Azerbaijan International Bond 1,402,000 $ 1,437,639 0.01% Brazilian Government International Bond 1,394,000 $ 1,420,486 0.01% Ivory Coast Government International Bond 1,248,000 $ 1,263,600 0.01% Indo Energy Finance II BV 1,200,000 $ 1,223,090 0.01% Ukraine Government International Bond 1,164,000 $ 1,205,043 0.01% Ecuador Government International Bond 1,053,000 $ 1,181,993 0.01% Petroleos Mexicanos 1,029,000 $ 1,088,065 0.01% Brazil Minas SPE via State of Minas Gerais 1,029,000 $ 1,036,718 0.01% Panama Government International Bond 752,000 $ 1,003,920 0.01% Tullow Oil PLC 987,000 $ 993,169 0.01% Qatar Government International Bond 1,019,000 $ 990,978 0.01% Vedanta Resources PLC 880,000 $ 981,200 0.01% Venezuela Government International Bond 4,429,000 $ 963,308 0.01% Dominican Republic International Bond 763,000 $ 942,305 0.01% Ivory Coast Government International Bond 729,000 $ 925,983 0.01% MARB BondCo PLC 797,000 $ 810,948 0.01% El Salvador Government International Bond 633,000 $ 707,378 0.01% Kenya Government International Bond 647,000 $ 682,947 0.01% Argentine Republic Government International Bond 582,000 $ 625,068 0.01% Ukraine Government International Bond 593,000 $ 624,652 0.01% Zambia Government International Bond 617,000 $ 595,411 0.00% Ukraine Government International Bond 570,000 $ 590,098 0.00% Costa Rica Government International Bond 652,000 $ 588,430 0.00% Lebanon Government International Bond 591,000 $ 554,979 0.00% Eskom Holdings SOC Ltd 537,000 $ 536,748 0.00% Eskom Holdings SOC Ltd 537,000 $ 530,459 0.00% Venezuela Government International Bond 1,012,000 $ 333,960 0.00%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS Vedanta Resources PLC 99,000 $ 106,425 0.00% Russian Foreign Bond - Eurobond 100,000 $ 106,260 0.00%

Total Emerging Market Debt-Stone Harbor $ 1,604,867,986 12.89%

Global Infrastructure-Colonial First State National Grid PLC 6,916,132 $ 82,815,328 0.67% Transurban Group 6,093,894 $ 57,985,122 0.47% Dominion Energy Inc 664,545 $ 55,908,171 0.45% Kinder Morgan Inc/DE 2,983,994 $ 51,414,217 0.41% East Japan Railway Co 453,200 $ 43,912,576 0.35% Atlantia SpA 1,290,424 $ 42,896,661 0.34% American Tower Corp 263,772 $ 37,964,704 0.30% Southern Co/The 735,791 $ 37,672,499 0.30% NextEra Energy Inc 235,957 $ 37,290,644 0.30% PG&E Corp 646,303 $ 35,055,475 0.28% American Electric Power Co Inc 401,494 $ 31,167,979 0.25% Great Plains Energy Inc 849,331 $ 29,140,547 0.23% Enbridge Inc 765,818 $ 28,878,073 0.23% Power Assets Holdings Ltd 3,147,000 $ 26,911,320 0.22% CCR SA 5,478,500 $ 26,470,245 0.21% Enterprise Products Partners LP 1,011,126 $ 24,904,033 0.20% Plains All American Pipeline LP 1,226,006 $ 23,907,117 0.19% Osaka Gas Co Ltd 1,206,600 $ 23,224,622 0.19% Jiangsu Expressway Co Ltd 16,734,329 $ 22,977,740 0.18% Union Pacific Corp 178,535 $ 22,584,678 0.18% SSE PLC 1,189,022 $ 21,969,926 0.18% Crown Castle International Corp 172,316 $ 19,471,708 0.16% Groupe Eurotunnel SE 1,454,435 $ 19,335,534 0.16% CSX Corp 320,134 $ 17,847,471 0.14% Central Japan Railway Co 93,900 $ 17,405,689 0.14% Vinci SA 164,324 $ 16,786,291 0.13% Norfolk Southern Corp 120,622 $ 16,721,828 0.13% UGI Corp 314,516 $ 15,414,429 0.12% Hydro One Ltd 835,800 $ 14,731,692 0.12% Abertis Infraestructuras SA 659,215 $ 14,707,595 0.12% COSCO SHIPPING Ports Ltd 12,050,000 $ 12,155,913 0.10% NiSource Inc 399,139 $ 10,988,297 0.09% Alliant Energy Corp 233,531 $ 10,534,583 0.08% Canadian Pacific Railway Ltd 57,913 $ 10,135,841 0.08% Koninklijke Vopak NV 234,808 $ 9,907,932 0.08% Aena SME SA 45,126 $ 8,972,078 0.07%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS Morgan Stanley Institutional Liquidity Funds - Government Portfolio 6,325,438 $ 6,325,438 0.05% Japan Airport Terminal Co Ltd 136,700 $ 5,124,521 0.04% Kamigumi Co Ltd 200,900 $ 4,431,191 0.04% Grupo Aeroportuario del Pacifico SAB de CV 356,303 $ 3,550,765 0.03% China Merchants Port Holdings Co Ltd 834,000 $ 2,163,009 0.02%

Total Global Infrastructure-Colonial First State $ 1,001,763,479 8.05%

Global Infrastructure-Reaves Comcast Corp - Class A 841,000 $ 31,571,140 0.25% NextEra Energy Partners LP 655,728 $ 25,593,064 0.21% NextEra Energy Inc 157,500 $ 24,891,300 0.20% DTE Energy Co 187,800 $ 21,704,046 0.17% Time Warner Inc 223,600 $ 20,461,636 0.16% Morgan Stanley Institutional Liquidity Funds - Government Portfolio 20,226,238 $ 20,226,238 0.16% Crown Castle International Corp 176,900 $ 19,989,700 0.16% InfraREIT Inc 927,947 $ 19,598,241 0.16% American Water Works Co Inc 208,000 $ 19,044,480 0.15% Eversource Energy 281,100 $ 18,229,335 0.15% Williams Partners LP 445,000 $ 16,331,500 0.13% National Grid PLC 268,750 $ 16,154,563 0.13% Uniti Group Inc 1,000,860 $ 16,113,846 0.13% CenturyLink Inc 1,090,000 $ 15,903,100 0.13% EOG Resources Inc 135,100 $ 13,823,432 0.11% BCE Inc 285,000 $ 13,625,850 0.11% Cogeco Communications Inc 185,000 $ 13,200,868 0.11% Chevron Corp 110,000 $ 13,088,900 0.11% NiSource Inc 452,000 $ 12,443,560 0.10% Sempra Energy 100,500 $ 12,159,495 0.10% Enterprise Products Partners LP 493,300 $ 12,149,979 0.10% CMS Energy Corp 228,600 $ 11,407,140 0.09% Zayo Group Holdings Inc 301,462 $ 10,653,667 0.09% WEC Energy Group Inc 145,000 $ 10,076,050 0.08% PG&E Corp 182,000 $ 9,871,680 0.08% Edison International 111,900 $ 9,094,113 0.07% Royal Dutch Shell PLC 140,000 $ 8,976,800 0.07% Altice USA Inc 475,000 $ 8,478,750 0.07% Public Service Enterprise Group Inc 140,000 $ 7,428,400 0.06% Portland General Electric Co 135,000 $ 6,701,400 0.05% Targa Resources Corp 120,000 $ 5,208,000 0.04% Dominion Energy Inc 56,000 $ 4,711,280 0.04% Pinnacle West Capital Corp 50,100 $ 4,599,681 0.04%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS PPL Corp 125,000 $ 4,583,750 0.04% ONEOK Inc 80,000 $ 4,152,000 0.03% SBA Communications Corp 17,500 $ 2,970,625 0.02% AT&T Inc 80,000 $ 2,910,400 0.02% Union Pacific Corp 21,000 $ 2,656,500 0.02% Royal Dutch Shell PLC - A Shares 70,000 $ 2,238,383 0.02% CyrusOne Inc 31,200 $ 1,895,712 0.02% TELUS Corp 45,200 $ 1,670,592 0.01% Frontier Communications Corp 1,700,000 $ 1,190,000 0.01% South Jersey Industries Inc 30,500 $ 1,032,730 0.01% Verizon Communications Inc 20,000 $ 1,017,800 0.01% Infraestructura Energetica Nova SAB de CV 170,000 $ 929,496 0.01% TransCanada Corp 10,000 $ 480,300 0.00%

Total Global Infrastructure-Reaves $ 501,239,521 4.03%

Global REITS Simon Property Group Inc 263,610 $ 42,638,918 0.34% Invitation Homes Inc 1,553,349 $ 36,581,369 0.29% Prologis Inc 464,213 $ 30,744,827 0.25% Essex Property Trust Inc 121,483 $ 30,005,086 0.24% STORE Capital Corp 1,046,267 $ 27,014,614 0.22% Sun Communities Inc 277,826 $ 25,854,488 0.21% InterXion Holding NV 438,407 $ 25,309,236 0.20% Mitsui Fudosan Co Ltd 1,116,000 $ 25,308,742 0.20% Spirit Realty Capital Inc 2,760,092 $ 23,571,186 0.19% Link REIT 2,622,500 $ 23,476,743 0.19% Crown Castle International Corp 188,902 $ 21,345,926 0.17% CubeSmart 712,026 $ 20,321,222 0.16% Apartment Investment & Management Co 459,178 $ 20,245,158 0.16% Dexus 2,467,163 $ 19,408,639 0.16% Merlin Properties Socimi SA 1,412,355 $ 18,574,206 0.15% ADO Properties SA 349,528 $ 18,070,178 0.15% Deutsche Wohnen SE 405,264 $ 17,936,356 0.14% Gramercy Property Trust 586,304 $ 16,721,390 0.13% Tanger Factory Outlet Centers Inc 658,657 $ 16,492,771 0.13% LEG Immobilien AG 155,015 $ 16,492,656 0.13% Morgan Stanley Institutional Liquidity Funds - Government Portfolio 16,414,250 $ 16,414,250 0.13% Kilroy Realty Corp 214,294 $ 16,153,482 0.13% WPT Industrial Real Estate Investment Trust 1,158,169 $ 15,693,190 0.13% Independence Realty Trust Inc 1,508,312 $ 15,580,863 0.13% Japan Hotel REIT Investment Corp 21,015 $ 14,630,876 0.12%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS City Office REIT Inc 1,082,045 $ 14,326,276 0.12% NewRiver REIT PLC 3,288,345 $ 14,178,311 0.11% Weyerhaeuser Co 398,476 $ 14,098,081 0.11% Aroundtown SA 1,716,940 $ 12,947,276 0.10% Equinix Inc 27,741 $ 12,885,417 0.10% Goodman Group 1,947,678 $ 12,869,239 0.10% New World Development Co Ltd 8,807,000 $ 12,797,817 0.10% STAG Industrial Inc 433,465 $ 12,267,060 0.10% Alexandria Real Estate Equities Inc 95,193 $ 12,095,223 0.10% LondonMetric Property PLC 4,766,195 $ 11,501,998 0.09% Fonciere Des Regions 106,215 $ 11,354,432 0.09% Cromwell Property Group 14,270,246 $ 11,253,013 0.09% MCUBS MidCity Investment Corp 3,200 $ 11,252,349 0.09% CapitaLand Commercial Trust 7,807,445 $ 10,954,750 0.09% EPR Properties 153,546 $ 10,413,490 0.08% Segro PLC 1,398,677 $ 10,375,699 0.08% Liberty Property Trust 223,740 $ 10,041,451 0.08% Hudson Pacific Properties Inc 275,100 $ 9,801,813 0.08% Macquarie Mexico Real Estate Management SA de CV 7,727,600 $ 9,321,977 0.07% Gecina SA 54,714 $ 9,112,528 0.07% CapitaLand Retail China Trust 7,229,200 $ 8,788,378 0.07% Klepierre SA 212,915 $ 8,786,025 0.07% DDR Corp 1,145,080 $ 8,736,960 0.07% CYS Investments Inc 1,056,987 $ 8,551,025 0.07% Propertylink Group 10,849,669 $ 8,426,821 0.07% Atrium European Real Estate Ltd 1,726,269 $ 8,400,854 0.07% Sun Hung Kai Properties Ltd 499,000 $ 8,180,852 0.07% Healthcare Trust of America Inc 264,819 $ 8,100,813 0.07% CapitaLand Ltd 3,065,100 $ 8,062,438 0.06% Safestore Holdings PLC 1,274,425 $ 8,047,442 0.06% PLA Administradora Industrial S de RL de CV 4,830,345 $ 7,978,364 0.06% Tokyo Tatemono Co Ltd 564,700 $ 7,853,358 0.06% Charter Hall Group 1,631,227 $ 7,807,764 0.06% Taubman Centers Inc 131,615 $ 7,724,484 0.06% Altarea SCA 33,455 $ 7,676,029 0.06% TLG Immobilien AG 304,418 $ 7,508,265 0.06% Kenedix Retail REIT Corp 3,650 $ 7,443,802 0.06% Extra Space Storage Inc 86,921 $ 7,419,577 0.06% Castellum AB 457,724 $ 7,418,874 0.06% Brixmor Property Group Inc 399,180 $ 7,213,183 0.06% Eurocommercial Properties NV 169,290 $ 7,162,949 0.06%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS Industrial & Infrastructure Fund Investment Corp 1,599 $ 6,987,547 0.06% Champion REIT 9,331,000 $ 6,907,179 0.06% Park Hotels & Resorts Inc 230,798 $ 6,739,302 0.05% Frasers Logistics & Industrial Trust 8,211,805 $ 6,580,173 0.05% Physicians Realty Trust 360,844 $ 6,448,282 0.05% Frasers Centrepoint Trust 3,866,200 $ 6,366,539 0.05% Far East Hospitality Trust 11,045,700 $ 5,894,199 0.05% Brandywine Realty Trust 339,472 $ 5,849,103 0.05% Pure Industrial Real Estate Trust 1,115,600 $ 5,776,234 0.05% Extended Stay America Inc 330,000 $ 5,765,100 0.05% AIMS AMP Capital Industrial REIT 5,477,950 $ 5,486,699 0.04% Entra ASA 386,477 $ 5,402,615 0.04% Sunstone Hotel Investors Inc 307,475 $ 5,137,907 0.04% Granite Real Estate Investment Trust 129,410 $ 5,119,627 0.04% Inmobiliaria Colonial Socimi SA 538,199 $ 5,086,651 0.04% Fabege AB 242,000 $ 5,036,206 0.04% Welltower Inc 74,551 $ 5,029,210 0.04% Citycon OYJ 1,906,384 $ 4,834,343 0.04% Hispania Activos Inmobiliarios SOCIMI SA 272,153 $ 4,795,757 0.04% UNITE Group PLC/The 477,476 $ 4,633,595 0.04% Investa Office Fund 1,247,862 $ 4,559,146 0.04% Wihlborgs Fastigheter AB 194,931 $ 4,538,995 0.04% Sekisui House Reit Inc 3,808 $ 4,513,699 0.04% SOHO China Ltd 7,300,000 $ 4,141,861 0.03% Arena REIT 2,175,825 $ 4,119,232 0.03% Mitsubishi Estate Co Ltd 226,500 $ 4,054,410 0.03% Irish Residential Properties REIT PLC 2,272,325 $ 4,033,612 0.03% Japan Logistics Fund Inc 2,162 $ 3,989,400 0.03% Hilton Worldwide Holdings Inc 50,843 $ 3,943,383 0.03% Hoshino Resorts REIT Inc 723 $ 3,627,027 0.03% Japan Rental Housing Investments Inc 4,811 $ 3,551,492 0.03% Spring Real Estate Investment Trust 7,746,000 $ 3,455,300 0.03% Fortune Real Estate Investment Trust 2,768,000 $ 3,420,378 0.03% Daiwa Office Investment Corp 680 $ 3,361,293 0.03% Prologis Property Mexico SA de CV 1,705,580 $ 3,242,727 0.03% Hilton Grand Vacations Inc 76,497 $ 3,057,585 0.02% Secure Income REIT Plc 301,021 $ 1,469,560 0.01% Empiric Student Property PLC 1,169,387 $ 1,385,054 0.01% Echo Investment SA 747,847 $ 978,017 0.01% Viva Industrial Trust 1,266,100 $ 878,745 0.01%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS

Total Global REITS $ 1,135,920,011 9.12%

Global Value Equity JPMorgan Chase & Co 327,589 $ 34,239,602 0.28% Unum Group 371,882 $ 21,055,959 0.17% Xinyi Glass Holdings Ltd 17,098,000 $ 20,892,545 0.17% Accton Technology Corp 4,816,000 $ 17,750,484 0.14% Microsoft Corp 208,729 $ 17,568,720 0.14% Swiss Life Holding AG 51,979 $ 17,481,775 0.14% American Financial Group Inc/OH 159,364 $ 16,742,782 0.13% Mediobanca SpA 1,404,240 $ 16,207,498 0.13% New Residential Investment Corp 883,274 $ 15,625,117 0.13% Natixis SA 1,877,928 $ 15,223,830 0.12% Chevron Corp 127,781 $ 15,204,661 0.12% Bank of America Corp 529,738 $ 14,922,719 0.12% WestRock Co 236,581 $ 14,765,020 0.12% Royal Dutch Shell PLC - B Shares 440,701 $ 14,278,947 0.11% Citigroup Inc 189,080 $ 14,275,540 0.11% Park Hotels & Resorts Inc 481,723 $ 14,066,312 0.11% DowDuPont Inc 193,115 $ 13,896,555 0.11% Gilead Sciences Inc 185,037 $ 13,837,067 0.11% Two Harbors Investment Corp 841,026 $ 13,456,416 0.11% Royal Dutch Shell PLC - A Shares 415,029 $ 13,271,339 0.11% Intermediate Capital Group PLC 908,675 $ 13,107,121 0.11% Fifth Third Bancorp 423,321 $ 12,915,524 0.10% Wal-Mart Stores Inc 128,802 $ 12,523,418 0.10% Owens Corning 140,351 $ 12,400,011 0.10% Celanese Corp 115,239 $ 12,358,230 0.10% Anthem Inc 51,203 $ 12,030,657 0.10% Georg Fischer AG 9,049 $ 11,925,489 0.10% NN Group NV 271,074 $ 11,884,530 0.10% TOTAL SA 204,829 $ 11,577,941 0.09% Kyudenko Corp 237,700 $ 11,285,323 0.09% Cisco Systems Inc 302,309 $ 11,276,126 0.09% PacWest Bancorp 235,151 $ 11,207,297 0.09% HealthSouth Corp 221,803 $ 11,079,060 0.09% Huntsman Corp 345,842 $ 11,053,110 0.09% Cullen/Frost Bankers Inc 112,004 $ 11,022,314 0.09% Showa Denko KK 294,500 $ 11,010,381 0.09% Dana Inc 331,620 $ 10,956,725 0.09% STAG Industrial Inc 386,093 $ 10,926,432 0.09%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS Norfolk Southern Corp 77,393 $ 10,728,992 0.09% Ashtead Group PLC 417,458 $ 10,726,955 0.09% Parker-Hannifin Corp 56,517 $ 10,596,372 0.09% Blackstone Mortgage Trust Inc 323,497 $ 10,584,822 0.09% Lear Corp 58,413 $ 10,566,328 0.08% AXA SA 346,511 $ 10,455,046 0.08% CenterPoint Energy Inc 340,874 $ 10,229,629 0.08% L3 Technologies Inc 51,203 $ 10,168,404 0.08% Rubis SCA 142,096 $ 10,098,722 0.08% Nexity SA 164,581 $ 10,074,941 0.08% Moelis & Co 209,709 $ 10,045,061 0.08% First Busey Corp 314,212 $ 10,001,368 0.08% Masco Corp 232,473 $ 9,975,416 0.08% Murphy Oil Corp 355,062 $ 9,923,983 0.08% Wells Fargo Advantage Government Money Market Fund 9,912,304 $ 9,912,304 0.08% Microchip Technology Inc 113,613 $ 9,883,195 0.08% Pebblebrook Hotel Trust 255,807 $ 9,840,895 0.08% Central Pacific Financial Corp 303,551 $ 9,774,342 0.08% Kyowa Exeo Corp 405,900 $ 9,760,794 0.08% Union Bankshares Corp 256,929 $ 9,683,654 0.08% Royal Caribbean Cruises Ltd 77,893 $ 9,649,385 0.08% Entergy Corp 110,474 $ 9,553,792 0.08% Sumitomo Corp 606,200 $ 9,455,684 0.08% Monmouth Real Estate Investment Corp 528,414 $ 9,437,474 0.08% Enel SpA 1,442,963 $ 9,374,945 0.08% Powertech Technology Inc 3,061,000 $ 9,339,884 0.08% Mitsubishi UFJ Financial Group Inc 1,304,600 $ 9,299,351 0.07% WH Group Ltd 8,700,500 $ 9,267,049 0.07% Downer EDI Ltd 1,730,414 $ 9,265,615 0.07% Atmos Energy Corp 100,025 $ 9,231,307 0.07% Vonovia SE 194,423 $ 9,161,550 0.07% Mitsui Mining & Smelting Co Ltd 158,000 $ 9,015,129 0.07% China Construction Bank Corp 10,250,000 $ 8,991,723 0.07% Xerox Corp 298,598 $ 8,856,417 0.07% Cummins Inc 52,712 $ 8,823,989 0.07% Lloyds Banking Group PLC 9,880,957 $ 8,818,096 0.07% Nintendo Co Ltd 21,400 $ 8,726,565 0.07% Prudential Financial Inc 74,017 $ 8,574,129 0.07% East West Bancorp Inc 138,236 $ 8,507,043 0.07% Industrial & Commercial Bank of China Ltd 10,808,000 $ 8,453,594 0.07% Exelon Corp 201,233 $ 8,393,428 0.07%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS Recordati SpA 186,502 $ 8,390,233 0.07% Buzzi Unicem SpA 313,340 $ 8,335,940 0.07% Steel Dynamics Inc 211,862 $ 8,156,687 0.07% ONEOK Inc 155,846 $ 8,088,407 0.06% Verizon Communications Inc 158,107 $ 8,046,065 0.06% Allstate Corp/The 78,236 $ 8,031,708 0.06% Pure Industrial Real Estate Trust 1,544,500 $ 7,996,946 0.06% Smiles Fidelidade SA 346,700 $ 7,943,454 0.06% ING Groep NV 433,681 $ 7,836,707 0.06% FCC Co Ltd 308,300 $ 7,828,225 0.06% China Shenhua Energy Co Ltd 3,162,000 $ 7,818,683 0.06% Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 34,887 $ 7,774,669 0.06% Whitecap Resources Inc 1,139,040 $ 7,760,463 0.06% UNIQA Insurance Group AG 728,063 $ 7,725,875 0.06% Colgate-Palmolive Co 106,365 $ 7,706,144 0.06% Hartford Financial Services Group Inc/The 134,041 $ 7,699,315 0.06% Manulife Financial Corp 365,100 $ 7,671,868 0.06% DS Smith PLC 1,034,642 $ 7,568,753 0.06% China Machinery Engineering Corp 11,502,000 $ 7,464,345 0.06% Samsung Electronics Co Ltd 3,171 $ 7,462,831 0.06% Canon Inc 191,800 $ 7,356,609 0.06% China Petroleum & Chemical Corp 10,202,000 $ 7,322,752 0.06% Exxon Mobil Corp 86,898 $ 7,237,734 0.06% Bridgestone Corp 157,100 $ 7,179,477 0.06% Extended Stay America Inc 408,990 $ 7,145,055 0.06% New World Development Co Ltd 4,871,000 $ 7,078,252 0.06% Legal & General Group PLC 1,956,349 $ 7,074,627 0.06% Agricultural Bank of China Ltd 15,069,000 $ 7,040,935 0.06% Eiffage SA 63,878 $ 7,002,275 0.06% Trinseo SA 94,625 $ 6,983,325 0.06% Wal-Mart de Mexico SAB de CV 2,917,600 $ 6,888,831 0.06% Allianz SE 28,265 $ 6,675,471 0.05% Hana Financial Group Inc 152,802 $ 6,669,140 0.05% Times Property Holdings Ltd 7,080,000 $ 6,668,657 0.05% ENN Energy Holdings Ltd 908,000 $ 6,667,831 0.05% Comerica Inc 79,006 $ 6,581,990 0.05% Mirvac Group 3,468,575 $ 6,446,979 0.05% Denka Co Ltd 170,300 $ 6,298,580 0.05% BUWOG AG 214,855 $ 6,167,667 0.05% Japan Hotel REIT Investment Corp 8,785 $ 6,116,215 0.05% Goodyear Tire & Rubber Co/The 188,906 $ 6,114,887 0.05%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS AbbVie Inc 63,084 $ 6,114,101 0.05% China General Plastics Corp 6,331,000 $ 6,102,959 0.05% Rio Tinto PLC 127,908 $ 6,055,720 0.05% Taiwan Semiconductor Manufacturing Co Ltd 796,000 $ 6,012,633 0.05% ICADE 64,183 $ 5,959,615 0.05% Mineral Resources Ltd 398,549 $ 5,930,295 0.05% Nippon Electric Glass Co Ltd 151,700 $ 5,923,006 0.05% Lincoln National Corp 77,202 $ 5,909,813 0.05% Hill & Smith Holdings PLC 339,957 $ 5,868,260 0.05% Sun Hung Kai Properties Ltd 357,000 $ 5,852,834 0.05% SITC International Holdings Co Ltd 6,010,000 $ 5,831,102 0.05% Rio Tinto Ltd 107,673 $ 5,818,584 0.05% Preferred Apartment Communities Inc 272,267 $ 5,788,396 0.05% Basso Industry Corp 2,150,900 $ 5,760,240 0.05% ASM Pacific Technology Ltd 391,100 $ 5,648,810 0.05% Danske Bank A/S 150,469 $ 5,617,150 0.05% Aareal Bank AG 125,480 $ 5,577,615 0.04% HP Inc 259,570 $ 5,567,777 0.04% Liberty Property Trust 120,825 $ 5,422,626 0.04% AT&T Inc 148,875 $ 5,416,073 0.04% China Communications Services Corp Ltd 8,504,000 $ 5,416,065 0.04% Oshkosh Corp 60,033 $ 5,405,371 0.04% Fiat Chrysler Automobiles NV 310,737 $ 5,336,325 0.04% Highwoods Properties Inc 104,829 $ 5,324,265 0.04% Pfizer Inc 144,930 $ 5,255,162 0.04% Mitsubishi Corp 208,000 $ 5,231,340 0.04% Suzuki Motor Corp 94,500 $ 5,114,955 0.04% Resona Holdings Inc 947,700 $ 5,046,134 0.04% Olin Corp 140,751 $ 5,016,366 0.04% Kerry Properties Ltd 1,132,000 $ 5,011,872 0.04% Erste Group Bank AG 114,236 $ 5,000,085 0.04% Boliden AB 156,343 $ 4,949,091 0.04% Fujikura Ltd 527,200 $ 4,935,238 0.04% Yanzhou Coal Mining Co Ltd 5,262,000 $ 4,934,312 0.04% Reinsurance Group of America Inc 30,347 $ 4,917,731 0.04% Svenska Cellulosa AB SCA 503,837 $ 4,915,180 0.04% Sonae SGPS SA 4,030,129 $ 4,885,980 0.04% BOC Hong Kong Holdings Ltd 952,500 $ 4,847,387 0.04% Mebuki Financial Group Inc 1,136,800 $ 4,797,776 0.04% International Consolidated Airlines Group SA 566,001 $ 4,698,631 0.04% Alumina Ltd 2,722,117 $ 4,614,252 0.04%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS CA Immobilien Anlagen AG 153,432 $ 4,607,866 0.04% Scandic Hotels Group AB 353,571 $ 4,605,049 0.04% Mobile TeleSystems PJSC 438,364 $ 4,545,835 0.04% ICICI Bank Ltd 473,379 $ 4,516,036 0.04% MDC Holdings Inc 125,910 $ 4,510,096 0.04% Atos SE 30,481 $ 4,502,430 0.04% Bellway PLC 95,465 $ 4,475,667 0.04% Sberbank of Russia PJSC 272,467 $ 4,454,911 0.04% ASR Nederland NV 108,055 $ 4,400,820 0.04% NexPoint Residential Trust Inc 156,145 $ 4,393,920 0.04% Persimmon PLC 127,335 $ 4,373,624 0.04% State Street Corp 45,619 $ 4,349,772 0.03% Digital Realty Trust Inc 37,262 $ 4,348,475 0.03% Union Pacific Corp 34,261 $ 4,334,017 0.03% Tripod Technology Corp 1,332,000 $ 4,316,252 0.03% China Merchants Bank Co Ltd 1,088,000 $ 4,298,781 0.03% Origin Energy Ltd 615,707 $ 4,177,565 0.03% MKS Instruments Inc 44,024 $ 4,151,463 0.03% Humana Inc 15,898 $ 4,147,152 0.03% MCUBS MidCity Investment Corp 1,179 $ 4,145,787 0.03% CapitaLand Commercial Trust 2,892,400 $ 4,058,372 0.03% Valmet OYJ 219,096 $ 4,036,442 0.03% BE Semiconductor Industries NV 47,786 $ 3,917,815 0.03% KAR Auction Services Inc 75,196 $ 3,787,623 0.03% Pembina Pipeline Corp 108,400 $ 3,775,074 0.03% Philip Morris International Inc 35,134 $ 3,610,019 0.03% Tai Fook Securities Group Ltd 6,157,000 $ 3,579,464 0.03% IBERIABANK Corp 43,442 $ 3,377,616 0.03% Leidos Holdings Inc 52,863 $ 3,360,501 0.03% PulteGroup Inc 97,858 $ 3,339,894 0.03% Itausa - Investimentos Itau SA 1,046,300 $ 3,316,059 0.03% FirstEnergy Corp 93,415 $ 3,189,188 0.03% Furukawa Electric Co Ltd 59,200 $ 3,145,846 0.03% Kingboard Laminates Holdings Ltd 1,875,000 $ 3,115,483 0.03% Subsea 7 SA 212,463 $ 3,108,135 0.02% Allison Transmission Holdings Inc 75,185 $ 3,085,592 0.02% Crane Co 35,855 $ 3,060,941 0.02% Laboratory Corp of America Holdings 19,067 $ 3,017,734 0.02% Las Vegas Sands Corp 43,222 $ 2,994,852 0.02% Johnson & Johnson 21,140 $ 2,945,436 0.02% Prysmian SpA 84,589 $ 2,817,368 0.02%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS SUMCO Corp 107,500 $ 2,739,214 0.02% Rohm Co Ltd 25,700 $ 2,648,660 0.02% Ameren Corp 41,100 $ 2,628,756 0.02% Hu Lane Associate Inc 507,000 $ 2,617,753 0.02% Merck & Co Inc 46,846 $ 2,589,178 0.02% Lam Research Corp 13,208 $ 2,540,295 0.02% Western Digital Corp 31,354 $ 2,472,576 0.02% Morgan Stanley Institutional Liquidity Funds - Government Portfolio 2,411,164 $ 2,411,164 0.02% Iberdrola SA 286,975 $ 2,279,567 0.02% CIMIC Group Ltd 53,278 $ 2,072,619 0.02% United Tractors Tbk PT 740,200 $ 1,834,754 0.01% Anglo American PLC 98,429 $ 1,809,788 0.01% Lundin Mining Corp 261,600 $ 1,524,809 0.01% American Tower Corp 10,199 $ 1,467,942 0.01%

Total Global Value Equity $ 1,650,317,729 13.26%

High Yield-DDJ BlackRock Liquidity Funds FedFund Portfolio 87,991,434 $ 87,991,434 0.71% Foresight Energy LLC / Foresight Energy Finance Corp 55,650,000 $ 45,076,500 0.36% HRG Group Inc 42,747,000 $ 44,350,013 0.36% Specialty Steel 41,564,000 $ 41,564,000 0.33% Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer 39,601,000 $ 41,482,048 0.33% American Tire Distributors Inc 38,119,000 $ 38,976,678 0.31% US Renal Care Inc, Term Loan 37,350,000 $ 36,789,750 0.30% Hexion Inc 40,570,000 $ 35,803,025 0.29% Ten-X LLC, Term Loan 35,440,000 $ 35,440,000 0.28% Century Aluminum Co 32,002,000 $ 33,002,063 0.27% Opal Acquisition Inc 33,182,000 $ 31,854,720 0.26% Heartland Dental LLC, Term Loan 31,520,000 $ 31,598,800 0.25% Evergreen Skills Lux Sarl, Term Loan 32,133,957 $ 30,788,508 0.25% Optimas OE Solutions Holding LLC / Optimas OE Solutions Inc 29,884,000 $ 30,332,260 0.24% Getty Images Inc, Term Loan B 29,637,977 $ 25,747,992 0.21% Tenet Healthcare Corp 27,430,000 $ 25,646,501 0.21% Parq Holdings LP, Term Loan 24,672,550 $ 24,610,868 0.20% AssuredPartners Inc 24,090,000 $ 24,270,675 0.19% Packaging Coordinators Midco Inc, Term Loan 24,050,000 $ 23,929,750 0.19% BCPE Eagle Buyer LLC, Term Loan 23,880,000 $ 23,880,000 0.19% Evergreen Skills Lux Sarl, Term Loan 24,770,370 $ 21,705,036 0.17% Lanai Holdings III Inc, Term Loan 25,190,000 $ 21,663,400 0.17% Peak 10 Holding Corp, Term Loan 21,350,000 $ 21,581,221 0.17% Dexko Global Inc, Term Loan 21,140,000 $ 21,298,550 0.17%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS Joseph T Ryerson & Son Inc 18,880,000 $ 21,277,760 0.17% Material Sciences Corp 21,196,165 $ 21,196,165 0.17% Truck Hero Inc, Term Loan 20,910,000 $ 20,883,863 0.17% NVA Holdings Inc/United States, Term Loan 20,729,130 $ 20,841,482 0.17% Opal Acquisition Inc 23,838,000 $ 20,500,680 0.16% MEG Energy Corp 21,627,000 $ 19,464,300 0.16% Avantor Inc 19,450,000 $ 19,109,625 0.15% RegionalCare Hospital Partners Holdings Inc 18,310,000 $ 18,721,975 0.15% Genoa a QoL Healthcare Co LLC, Term Loan 18,060,000 $ 18,300,740 0.15% TransDigm Inc 17,930,000 $ 18,198,950 0.15% Opal Acquisition Inc, Term Loan B 19,477,848 $ 18,090,051 0.15% JPW Industries Holding Corp 17,080,000 $ 17,848,600 0.14% Calpine Corp 18,120,000 $ 17,440,500 0.14% Wellness Merger Sub Inc, Term Loan 17,740,000 $ 17,385,200 0.14% MH Sub I LLC, Term Loan 17,570,000 $ 17,335,792 0.14% Berlin Packaging LLC, Term Loan 17,049,847 $ 17,177,721 0.14% Resolute Energy Corp 16,800,000 $ 17,073,000 0.14% Uniti Group LP / Uniti Group Finance Inc / CSL Capital LLC 17,040,000 $ 16,315,800 0.13% Polaris Intermediate Corp 15,350,000 $ 15,970,140 0.13% Uniti Group LP / Uniti Fiber Holdings Inc / CSL Capital LLC 17,480,000 $ 15,819,400 0.13% Focus Financial Partners LLC, Term Loan 15,630,000 $ 15,786,300 0.13% Specialty Steel Holdings, Inc. 87 $ 15,636,674 0.13% High Ridge Brands Co 17,460,000 $ 15,495,750 0.12% Lully Finance LLC, Term Loan B1 15,795,000 $ 15,479,100 0.12% Masergy Holdings Inc, Term Loan 15,090,000 $ 15,259,763 0.12% RP Crown Parent LLC 14,143,000 $ 14,744,078 0.12% PharMerica Corp, Term Loan 14,690,000 $ 14,708,363 0.12% GTT Communications Inc 13,743,000 $ 14,488,420 0.12% KUEHG Corp, Term Loan 14,160,000 $ 14,230,800 0.11% Real Alloy Holding Inc 21,860,000 $ 14,209,000 0.11% QCP SNF West/Central/East/AL REIT LLC 13,495,000 $ 13,899,850 0.11% NFP Corp 12,450,000 $ 12,667,875 0.10% Cleaver-Brooks Inc 12,500,000 $ 12,593,750 0.10% Jack Ohio Finance LLC / Jack Ohio Finance 1 Corp 11,380,000 $ 12,503,775 0.10% Engineered Machinery Holdings Inc, Term Loan 11,679,574 $ 11,825,569 0.09% Trident Merger Sub Inc 11,720,000 $ 11,676,050 0.09% Vizient Inc 10,245,000 $ 11,576,850 0.09% Hanger Inc, Term Loan 11,370,000 $ 11,512,125 0.09% Cleaver-Brooks Inc 10,645,000 $ 10,937,738 0.09% Xerium Technologies Inc 10,070,000 $ 10,246,225 0.08% Northwest Acquisitions ULC / Dominion Finco Inc 9,780,000 $ 10,097,850 0.08%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS Big River Steel LLC / BRS Finance Corp 9,340,000 $ 9,923,750 0.08% Forum Energy Technologies Inc 9,570,000 $ 9,522,150 0.08% SP Finco LLC 9,390,000 $ 8,544,900 0.07% PFS Holding Corp, Term Loan 12,654,800 $ 8,178,165 0.07% Fairmount Santrol Inc, Term Loan B 7,990,000 $ 8,037,461 0.06% BCD Acquisition Inc 7,320,000 $ 7,978,800 0.06% TierPoint LLC, Term Loan 7,180,000 $ 7,162,050 0.06% Tempo Acquisition LLC / Tempo Acquisition Finance Corp 7,110,000 $ 7,154,438 0.06% Fortress Transportation & Infrastructure Investors LLC 6,570,000 $ 6,865,650 0.06% New Arclin US Holding Corp, Term Loan 6,790,000 $ 6,849,413 0.06% Optiv Security Inc, Term Loan 6,960,000 $ 6,438,000 0.05% Apex Tool Group LLC 6,790,000 $ 6,433,525 0.05% Cloud Crane LLC 5,380,000 $ 6,065,950 0.05% SRS Distribution Inc, Term Loan 5,350,000 $ 5,492,685 0.04% MEG Energy Corp 5,900,000 $ 5,405,875 0.04% TransDigm Inc 5,280,000 $ 5,398,800 0.04% SESI LLC 5,030,000 $ 5,180,900 0.04% FPC Holdings Inc, Term Loan 5,051,925 $ 4,925,626 0.04% SESI LLC 4,285,000 $ 4,376,056 0.04% Real Alloy Holding Inc, Term Loan 4,128,579 $ 4,128,579 0.03% USIS Merger Sub Inc 3,950,000 $ 3,999,375 0.03% Cornerstone Chemical Co 3,940,000 $ 3,900,600 0.03% UTEX Industries Inc, Term Loan 4,150,000 $ 3,781,688 0.03% UTEX Industries Inc, Term Loan B 3,289,500 $ 3,178,479 0.03% Jones Energy Holdings LLC / Jones Energy Finance Corp 4,188,000 $ 2,994,420 0.02% Foresight Energy LP 695,156 $ 2,989,171 0.02% Tenet Healthcare Corp 3,290,000 $ 2,985,675 0.02% Miami Valley Steel Services Inc, Term Loan 2,983,500 $ 2,983,500 0.02% GrafTech International Ltd 2,660,000 $ 2,653,350 0.02% Material Sciences Corp - Warrants 1,131,541 $ 2,410,182 0.02% Camelot Finance SA 1,670,000 $ 1,786,900 0.01% Surgery Center Holdings Inc 1,660,000 $ 1,672,450 0.01% Jones Energy Holdings LLC / Jones Energy Finance Corp 2,165,000 $ 1,537,150 0.01% Engineered Machinery Holdings Inc, Delay-Draw Term Loan DD 166,851 $ 168,937 0.00% US Renal Care Inc, Term Loan 2 $ 2 0.00% Real Alloy Holding Inc, Term Loan -1,032,145 $ - 0.00% Engineered Machinery Holdings Inc, Delay-Draw Term Loan DD -1,223,574 $ - 0.00%

Total High Yield-DDJ $ 1,619,016,089 13.00%

High Yield-PGI Morgan Stanley Institutional Liquidity Funds - Government Portfolio 22,416,917 $ 22,416,917 0.18%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS Epicor / Eagle Parent 2L Note 15,000,000 $ 14,379,000 0.12% Ally Financial Inc 9,820,000 $ 10,765,077 0.09% Voya Financial Inc 10,120,000 $ 10,686,720 0.09% DISH DBS Corp 10,590,000 $ 10,669,425 0.09% Midas Intermediate Holdco II LLC / Midas Intermediate Holdco II Finance 10,333,000 $ 10,436,330 0.08% Inc ArcelorMittal 7,285,000 $ 9,160,888 0.07% HCA Inc 7,325,000 $ 7,427,550 0.06% Navios Maritime Acquisition Corp / Navios Acquisition Finance US Inc 8,228,000 $ 6,973,230 0.06% CCO Holdings LLC / CCO Holdings Capital Corp 6,860,000 $ 6,795,688 0.05% Solera LLC, Term Loan B 6,353,250 $ 6,381,713 0.05% Credit Acceptance Corp 5,979,000 $ 6,263,003 0.05% Universal Hospital Services Inc 6,210,000 $ 6,227,388 0.05% KeHE Distributors LLC / KeHE Finance Corp 6,075,000 $ 6,090,188 0.05% Chaparral Energy Inc - A Shares 252,908 $ 6,069,792 0.05% Triumph Group Inc 5,445,000 $ 5,866,988 0.05% Teck Resources Ltd 5,110,000 $ 5,825,400 0.05% JPMorgan Chase & Co 5,455,000 $ 5,598,194 0.04% HCA Inc 5,200,000 $ 5,531,500 0.04% NGL Energy Partners LP / NGL Energy Finance Corp 5,335,000 $ 5,481,713 0.04% CSC Holdings LLC 5,585,000 $ 5,443,630 0.04% GEO Group Inc/The 5,200,000 $ 5,382,000 0.04% Consolidated Energy Finance SA 5,020,000 $ 5,333,750 0.04% Valeant Pharmaceuticals International Inc 5,380,000 $ 5,326,200 0.04% Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc 5,000,000 $ 5,313,000 0.04% TIBCO Software Inc 4,850,000 $ 5,274,375 0.04% Crown Cork & Seal Co Inc 4,345,000 $ 5,127,100 0.04% DISH DBS Corp 4,700,000 $ 5,070,125 0.04% Russell Investments US Institutional Holdco Inc, Term Loan B 4,962,312 $ 5,008,858 0.04% Opal Acquisition Inc 5,440,000 $ 4,678,400 0.04% Icahn Enterprises LP / Icahn Enterprises Finance Corp 4,560,000 $ 4,662,600 0.04% Pershing Square Holdings Ltd 4,500,000 $ 4,659,075 0.04% Oasis Petroleum Inc 4,510,000 $ 4,594,563 0.04% Signode Industrial Group Lux SA/Signode Industrial Group US Inc 4,425,000 $ 4,552,219 0.04% Quintiles IMS Inc 4,270,000 $ 4,472,825 0.04% Chesapeake Energy Corp, Term Loan 1.5 4,180,000 $ 4,446,475 0.04% Air Newco LLC, Term Loan B 4,447,784 $ 4,397,747 0.04% T-Mobile USA Inc 4,020,000 $ 4,396,875 0.04% Lennar Corp 4,260,000 $ 4,393,125 0.04% Post Holdings Inc 4,400,000 $ 4,361,500 0.04% Cloud Crane LLC 3,860,000 $ 4,352,150 0.03% First Data Corp 4,165,000 $ 4,310,775 0.03%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS American Axle & Manufacturing Inc 4,115,000 $ 4,228,163 0.03% Century Communities Inc 4,180,000 $ 4,216,575 0.03% Dell International LLC / EMC Corp 3,875,000 $ 4,212,318 0.03% Coveris Holdings SA 4,115,000 $ 4,125,288 0.03% Maxar Technologies Ltd, Term Loan B 4,095,000 $ 4,110,356 0.03% Whiting Petroleum Corp 4,080,000 $ 4,100,400 0.03% Zayo Group LLC / Zayo Capital Inc 3,810,000 $ 4,043,363 0.03% Intelsat Jackson Holdings SA 4,865,000 $ 3,983,219 0.03% Sprint Capital Corp 3,795,000 $ 3,894,619 0.03% CCM Merger Inc 3,770,000 $ 3,873,675 0.03% WellCare Health Plans Inc 3,590,000 $ 3,800,913 0.03% CCO Holdings LLC / CCO Holdings Capital Corp 3,680,000 $ 3,766,259 0.03% Eldorado Resorts Inc 3,500,000 $ 3,758,125 0.03% Sprint Communications Inc 3,500,000 $ 3,749,375 0.03% Radiate Holdco LLC / Radiate Finance Inc 3,900,000 $ 3,734,250 0.03% BWAY Holding Co 3,575,000 $ 3,704,594 0.03% Andeavor Logistics LP / Tesoro Logistics Finance Corp 3,475,000 $ 3,666,125 0.03% Bombardier Inc 3,625,000 $ 3,643,125 0.03% L Brands Inc 3,650,000 $ 3,640,875 0.03% Aspect Software Inc 514,301 $ 3,600,107 0.03% Open Text Corp 3,445,000 $ 3,593,548 0.03% Aruba Investments Inc 3,500,000 $ 3,587,500 0.03% Cadence BanCorp 3,500,000 $ 3,577,963 0.03% NRG Energy Inc 3,250,000 $ 3,566,875 0.03% MPH Acquisition Holdings LLC 3,320,000 $ 3,564,850 0.03% Unit Corp 3,545,000 $ 3,553,863 0.03% Reynolds Group Issuer Inc / Reynolds Group Issuer LLC / Reynolds Group 3,390,000 $ 3,517,125 0.03% Issuer (Luxembourg) S.A. Dynegy Inc 3,270,000 $ 3,494,813 0.03% Navistar International Corp 3,365,000 $ 3,484,895 0.03% MEG Energy Corp 3,550,000 $ 3,479,000 0.03% California Resources Corp, Term Loan 3,215,000 $ 3,472,200 0.03% Golden Nugget Inc 3,375,000 $ 3,446,719 0.03% Ziggo Secured Finance BV 3,415,000 $ 3,445,906 0.03% WMG Acquisition Corp 3,280,000 $ 3,433,734 0.03% CRC Escrow Issuer LLC / CRC Finco Inc 3,420,000 $ 3,424,275 0.03% WildHorse Resource Development Corp 3,335,000 $ 3,402,067 0.03% iStar Inc 3,255,000 $ 3,372,994 0.03% BlueLine Rental Finance Corp / BlueLine Rental LLC 3,030,000 $ 3,279,975 0.03% Ascent Resources Utica Holdings LLC / ARU Finance Corp 3,005,000 $ 3,267,938 0.03% Silversea Cruise Finance Ltd 2,980,000 $ 3,210,950 0.03% GTT Communications Inc 3,035,000 $ 3,199,618 0.03%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS CF Industries Inc 3,135,000 $ 3,158,513 0.03% Jack Ohio Finance LLC / Jack Ohio Finance 1 Corp 2,980,000 $ 3,147,625 0.03% QEP Resources Inc 3,050,000 $ 3,088,125 0.02% Barclays PLC 2,935,000 $ 3,049,548 0.02% American Seafoods Group LLC, Term Loan B 3,000,000 $ 3,028,140 0.02% Crescent Communities LLC/Crescent Ventures Inc 2,847,000 $ 3,024,938 0.02% Ahern Rentals Inc 3,195,000 $ 3,023,269 0.02% Constellium NV 2,890,000 $ 2,995,052 0.02% NuStar Logistics LP 2,950,000 $ 2,979,500 0.02% SFR Group SA 3,000,000 $ 2,947,500 0.02% Asurion LLC, Term Loan B2 2,850,000 $ 2,921,963 0.02% Sprint Communications Inc 2,890,000 $ 2,918,900 0.02% Navient Corp 2,695,000 $ 2,903,863 0.02% Navios Maritime Holdings Inc / Navios Maritime Finance II US Inc 3,005,000 $ 2,903,581 0.02% Beazer Homes USA Inc 2,645,000 $ 2,899,581 0.02% Americold Realty Operating Partnership LP, Term Loan B 2,871,042 $ 2,896,164 0.02% Sprint Corp 2,685,000 $ 2,893,088 0.02% Cemex SAB de CV 2,750,000 $ 2,887,500 0.02% AK Steel Corp 2,660,000 $ 2,886,100 0.02% United States Steel Corp 2,775,000 $ 2,871,570 0.02% Equinix Inc 2,640,000 $ 2,864,400 0.02% Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp 2,800,000 $ 2,854,236 0.02% Allison Transmission Inc 2,740,000 $ 2,853,847 0.02% ACCO Brands Corp 2,740,000 $ 2,853,025 0.02% Academy Ltd, Term Loan B 3,546,112 $ 2,841,818 0.02% HBC Holdings LLC, Term Loan B 2,913,750 $ 2,826,338 0.02% 1011778 BC ULC / New Red Finance Inc 2,715,000 $ 2,781,178 0.02% Flex Acquisition Co Inc 2,700,000 $ 2,781,000 0.02% Altice Financing SA 2,710,000 $ 2,777,750 0.02% Constellation Merger Sub Inc 2,830,000 $ 2,773,400 0.02% ABB Con-Cise Optical Group LLC, Term Loan B 2,772,000 $ 2,765,070 0.02% Taseko Mines Ltd 2,685,000 $ 2,752,125 0.02% TMS International Corp 2,620,000 $ 2,751,000 0.02% Altice Financing SA 2,660,000 $ 2,746,450 0.02% AMC Networks Inc 2,745,000 $ 2,724,413 0.02% Frontier Communications Corp 3,885,000 $ 2,719,500 0.02% Boise Cascade Co 2,575,000 $ 2,710,188 0.02% Gulfport Energy Corp 2,685,000 $ 2,705,138 0.02% Vale Overseas Ltd 2,320,000 $ 2,690,945 0.02% T-Mobile USA Inc 2,575,000 $ 2,690,875 0.02% BI-LO LLC / BI-LO Finance Corp 2,785,000 $ 2,666,638 0.02%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS McGraw-Hill Global Education Holdings LLC, Term Loan 2,567,500 $ 2,568,886 0.02% GW Honos Security Corp 2,400,000 $ 2,568,000 0.02% Ultra Resources Inc 2,540,000 $ 2,564,130 0.02% Tutor Perini Corp 2,410,000 $ 2,561,589 0.02% Carrols Restaurant Group Inc 2,400,000 $ 2,535,000 0.02% Ziggo Bond Finance BV 2,555,000 $ 2,515,398 0.02% Alliance Resource Operating Partners LP / Alliance Resource Finance Corp 2,330,000 $ 2,475,625 0.02% EP Energy LLC / Everest Acquisition Finance Inc 2,445,000 $ 2,445,000 0.02% CTI Foods Holding Co LLC, Term Loan 3,360,000 $ 2,419,200 0.02% Catlin Insurance Co Ltd 2,520,000 $ 2,406,802 0.02% Precision Drilling Corp 2,550,000 $ 2,390,625 0.02% Kinetic Concepts Inc / KCI USA Inc 2,250,000 $ 2,356,650 0.02% CIT Group Inc 2,285,000 $ 2,356,406 0.02% Archrock Partners LP / Archrock Partners Finance Corp 2,360,000 $ 2,354,100 0.02% Netflix Inc 2,385,000 $ 2,340,281 0.02% Intelsat Jackson Holdings SA 2,205,000 $ 2,331,788 0.02% Summit Midstream Holdings LLC / Summit Midstream Finance Corp 2,320,000 $ 2,325,800 0.02% Vector Group Ltd 2,230,000 $ 2,324,775 0.02% Intrawest Resorts Holdings Inc, Term Loan B1 2,305,894 $ 2,321,759 0.02% Halcon Resources Corp 2,270,000 $ 2,304,050 0.02% CrownRock LP / CrownRock Finance Inc 2,290,000 $ 2,301,450 0.02% Team Health Holdings Inc 2,510,000 $ 2,271,550 0.02% Freeport-McMoRan Inc 2,060,000 $ 2,248,078 0.02% Hess Infrastructure Partners LP / Hess Infrastructure Partners Finance 2,135,000 $ 2,191,044 0.02% Corp International Game Technology PLC 1,940,000 $ 2,184,925 0.02% Tenet Healthcare Corp 2,215,000 $ 2,181,775 0.02% Lions Gate Entertainment Corp 2,065,000 $ 2,181,156 0.02% SolarWinds Holdings Inc, Term Loan 2,172,583 $ 2,180,426 0.02% Prestige Brands Inc, Term Loan B4 2,165,793 $ 2,176,275 0.02% Equinix Inc 2,005,000 $ 2,169,210 0.02% Altice US Finance I Corp 2,140,000 $ 2,166,750 0.02% Consolidated Energy Finance SA 2,106,000 $ 2,137,590 0.02% Chesapeake Energy Corp 2,120,000 $ 2,109,400 0.02% Clearwater Seafoods Inc 2,045,000 $ 2,098,681 0.02% Extraction Oil & Gas Inc 1,960,000 $ 2,087,400 0.02% iStar Inc 2,000,000 $ 2,085,000 0.02% Wind Tre SpA 2,155,000 $ 2,064,275 0.02% NOVA Chemicals Corp 2,040,000 $ 2,060,400 0.02% Bombardier Inc 2,020,000 $ 2,036,968 0.02% Albertsons Cos LLC / Safeway Inc / New Albertson's Inc / Albertson's LLC 2,150,000 $ 2,031,750 0.02% Panda Liberty LLC, Term Loan B1 2,263,162 $ 2,028,359 0.02%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS Avaya Inc, Term Loan B-EXIT 2,050,000 $ 2,021,075 0.02% Centene Corp 1,880,000 $ 2,011,600 0.02% JBS USA LUX SA / JBS USA Finance Inc 2,058,000 $ 2,009,123 0.02% Polaris Intermediate Corp 1,900,000 $ 1,976,760 0.02% Bombardier Inc 1,775,000 $ 1,963,612 0.02% Weatherford International Ltd 1,775,000 $ 1,861,531 0.01% Prime Security Services Borrower LLC, Term Loan B 1,845,737 $ 1,858,435 0.01% Penn National Gaming Inc 1,770,000 $ 1,836,375 0.01% Continental Resources Inc/OK 1,800,000 $ 1,836,000 0.01% Taylor Morrison Communities Inc / Taylor Morrison Holdings II Inc 1,755,000 $ 1,825,200 0.01% Caraustar Industries Inc, Term Loan 1,819,725 $ 1,816,322 0.01% MasTec Inc 1,785,000 $ 1,811,775 0.01% Lions Gate Entertainment Corp, Term Loan B 1,801,438 $ 1,801,438 0.01% Lamb Weston Holdings Inc 1,695,000 $ 1,783,988 0.01% Scientific Games International Inc 1,730,000 $ 1,781,900 0.01% BMC East LLC 1,725,000 $ 1,781,063 0.01% DJO Finco Inc / DJO Finance LLC / DJO Finance Corp 1,870,000 $ 1,770,656 0.01% American Equity Investment Life Holding Co 1,705,000 $ 1,757,651 0.01% JPMorgan Chase & Co 1,680,000 $ 1,652,700 0.01% Sprint Communications Inc 1,550,000 $ 1,637,188 0.01% AssuredPartners Inc 1,595,000 $ 1,606,963 0.01% Kloeckner Pentaplast of America Inc, Term Loan B 1,595,000 $ 1,606,293 0.01% Williams Scotsman International Inc 1,540,000 $ 1,593,900 0.01% First Quantum Minerals Ltd 1,400,000 $ 1,489,250 0.01% HCA Inc 1,370,000 $ 1,438,500 0.01% AMC Networks Inc 1,365,000 $ 1,382,063 0.01% Carrizo Oil & Gas Inc 1,265,000 $ 1,372,525 0.01% Seven Generations Energy Ltd 1,365,000 $ 1,371,825 0.01% Tenet Healthcare Corp 1,295,000 $ 1,366,225 0.01% WPX Energy Inc 1,375,000 $ 1,350,938 0.01% FMG Resources August 2006 Pty Ltd 1,280,000 $ 1,312,000 0.01% E*TRADE Financial Corp 1,300,000 $ 1,311,375 0.01% Platform Specialty Products Corp 1,300,000 $ 1,309,750 0.01% Chaparral Energy Inc - B Shares 53,185 $ 1,276,440 0.01% NRG Energy Inc 1,255,000 $ 1,255,000 0.01% First Quantum Minerals Ltd 1,201,000 $ 1,246,038 0.01% Asurion LLC, Term Loan B5 1,236,892 $ 1,241,333 0.01% Chesapeake Energy Corp 1,270,000 $ 1,216,406 0.01% West Corp 1,240,000 $ 1,210,550 0.01% Bombardier Inc 1,180,000 $ 1,161,356 0.01% AK Steel Corp 1,170,000 $ 1,137,825 0.01%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS Sunoco LP / Sunoco Finance Corp 1,065,000 $ 1,124,906 0.01% West Corp, Term Loan 1,093,535 $ 1,091,763 0.01% Weatherford International Ltd 1,200,000 $ 1,080,000 0.01% AK Steel Corp 1,030,000 $ 1,066,050 0.01% EP Energy LLC / Everest Acquisition Finance Inc 1,440,000 $ 1,065,600 0.01% Valeant Pharmaceuticals International Inc 1,135,000 $ 1,055,550 0.01% Aleris International Inc 1,000,000 $ 1,052,500 0.01% Garda World Security Corp, Term Loan B 1,022,617 $ 1,025,429 0.01% XLIT Ltd 1,130,000 $ 1,008,525 0.01% Southwestern Energy Co 880,000 $ 941,600 0.01% Endeavor Energy Resources LP / EER Finance Inc 905,000 $ 916,313 0.01% Valeant Pharmaceuticals International Inc 895,000 $ 906,277 0.01% 9089969 Canada Inc, Term Loan A2 894,637 $ 894,637 0.01% California Resources Corp, Term Loan 890,000 $ 874,879 0.01% GTT Communications Inc, Term Loan B 835,829 $ 841,053 0.01% Dynegy Inc 740,000 $ 823,250 0.01% MPT Operating Partnership LP / MPT Finance Corp 745,000 $ 804,600 0.01% AK Steel Corp 805,000 $ 796,950 0.01% QEP Resources Inc 775,000 $ 786,532 0.01% RBS Global Inc / Rexnord LLC 780,000 $ 780,000 0.01% Valeant Pharmaceuticals International 780,000 $ 762,450 0.01% Kinetic Concepts Inc, Term Loan B 743,138 $ 740,507 0.01% EP Energy LLC / Everest Acquisition Finance Inc 1,125,000 $ 739,688 0.01% Navistar Inc, Term Loan B 730,000 $ 732,132 0.01% Sprint Corp 650,000 $ 690,300 0.01% Opal Acquisition Inc 715,000 $ 686,400 0.01% Post Holdings Inc, Term Loan B 683,288 $ 685,529 0.01% Northwest Acquisitions ULC / Dominion Finco Inc 660,000 $ 681,450 0.01% Teck Resources Ltd 645,000 $ 651,450 0.01% Mirabela Nickel Ltd 6,966,176 $ 626,956 0.01% Aleris International Inc 585,000 $ 573,300 0.00% Frontier Communications Corp 660,000 $ 523,050 0.00% IHS Markit Ltd 490,000 $ 493,675 0.00% IAMGOLD Corp 435,000 $ 456,206 0.00% H&E Equipment Services Inc 415,000 $ 434,713 0.00% TRI Pointe Group Inc 400,000 $ 408,460 0.00% James Hardie International Finance DAC 385,000 $ 391,738 0.00% Post Holdings Inc 370,000 $ 372,775 0.00% Golden Nugget Inc/NV, Term Loan 319,193 $ 321,498 0.00% Cengage Learning Holdings II Inc 34,465 $ 277,443 0.00% j2 Cloud Services LLC / j2 Global Co-Obligor Inc 210,000 $ 218,400 0.00%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS Titan Energy LLC 133,081 $ 199,622 0.00% Post Holdings Inc 190,000 $ 193,857 0.00% Milagro Oil & Gas Inc 1,874 $ 189,274 0.00% Comstock Resources Inc - Warrants 28,875 $ 173,250 0.00% Chaparral Energy Inc - A Shares 1,934 $ 46,416 0.00% NANA Development Corp, Term Loan B 45,370 $ 44,463 0.00% SandRidge Energy Inc 3,450,000 $ - 0.00% Mirabela Nickel Ltd 142,025 $ - 0.00% Cleveland Unlimited Inc 0 $ - 0.00% Targus Group International Inc 75,880 $ - 0.00% Radiate Holdco LLC, Bridge Term Loan -3,000,000 $ - 0.00% Beacon Roofing Supply Inc, Bridge Term Loan -2,400,000 $ - 0.00% Centene Corp, Bridge Term Loan -2,800,000 $ - 0.00% Targus Group International Inc, PIK Term Loan B 879,714 $ - 0.00% Williams Scotsman Inc, Term Loan -2,700,000 $ - 0.00%

Total High Yield-PGI $ 732,147,122 5.88%

High Yield-Post Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer 16,887,000 $ 17,689,133 0.14% Morgan Stanley Institutional Liquidity Funds - Government Portfolio 16,665,975 $ 16,665,975 0.13% Infor US Inc 15,958,000 $ 16,436,740 0.13% RegionalCare Hospital Partners Holdings Inc 15,550,000 $ 15,899,875 0.13% Sophia LP / Sophia Finance Inc 13,075,000 $ 13,598,000 0.11% HRG Group Inc 12,559,000 $ 13,029,963 0.10% Acrisure LLC / Acrisure Finance Inc 12,000,000 $ 11,835,000 0.10% HUB International Ltd 10,719,000 $ 11,147,760 0.09% Team Health Holdings Inc 12,000,000 $ 10,860,000 0.09% AssuredPartners Inc 10,350,000 $ 10,427,625 0.08% SFR Group SA 10,325,000 $ 10,401,199 0.08% ASP AMC Merger Sub Inc 10,550,000 $ 10,312,625 0.08% Asurion LLC, Term Loan B2 9,850,000 $ 10,098,713 0.08% Prime Security Services Borrower LLC / Prime Finance Inc 9,100,000 $ 10,044,125 0.08% Alliance Data Systems Corp 9,545,000 $ 9,688,175 0.08% NFP Corp 9,150,000 $ 9,310,125 0.07% Eagle Holding Co II LLC 9,000,000 $ 9,135,000 0.07% Genesys Telecommunications Laboratories Inc/Greeneden Lux 3 Sarl 7,450,000 $ 8,344,000 0.07% SS&C Technologies Holdings Inc 7,498,000 $ 7,929,135 0.06% DAE Funding LLC 7,925,000 $ 7,925,000 0.06% Hughes Satellite Systems Corp 7,000,000 $ 7,743,750 0.06% AMC Entertainment Holdings Inc 7,745,000 $ 7,580,419 0.06% UPC Holding BV 7,500,000 $ 7,462,500 0.06%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS Sprint Corp 7,000,000 $ 7,284,410 0.06% CommScope Technologies LLC 6,725,000 $ 7,195,750 0.06% CRC Escrow Issuer LLC / CRC Finco Inc 7,175,000 $ 7,183,969 0.06% ViaSat Inc 6,950,000 $ 7,028,188 0.06% AMC Networks Inc 6,850,000 $ 6,935,625 0.06% Aleris International Inc 6,575,000 $ 6,920,188 0.06% International Game Technology PLC 6,278,000 $ 6,850,868 0.06% USIS Merger Sub Inc 6,685,000 $ 6,768,563 0.05% Surgery Center Holdings Inc 6,655,000 $ 6,704,913 0.05% Envision Healthcare Corp 6,200,000 $ 6,533,250 0.05% CCO Holdings LLC / CCO Holdings Capital Corp 6,000,000 $ 6,210,000 0.05% DaVita Inc 6,000,000 $ 6,105,000 0.05% Hess Infrastructure Partners LP / Hess Infrastructure Partners Finance 5,750,000 $ 5,900,938 0.05% Corp Station Casinos LLC 5,775,000 $ 5,772,863 0.05% Virgin Media Finance PLC 5,475,000 $ 5,666,625 0.05% LKQ Corp 5,450,000 $ 5,578,075 0.04% 1011778 BC ULC / New Red Finance Inc 5,375,000 $ 5,506,016 0.04% TransDigm Inc 5,375,000 $ 5,495,938 0.04% BJ's Wholesale Club Inc, Term Loan B 5,585,965 $ 5,493,294 0.04% Informatica LLC 5,267,000 $ 5,372,340 0.04% Tenet Healthcare Corp 5,575,000 $ 5,365,938 0.04% Lincoln Finance Ltd 5,050,000 $ 5,289,875 0.04% Reliance Intermediate Holdings LP 4,750,000 $ 5,011,250 0.04% Ultra Resources Inc 4,750,000 $ 4,795,125 0.04% Extraction Oil & Gas Inc / Extraction Finance Corp 4,400,000 $ 4,653,000 0.04% Aleris International Inc 4,687,000 $ 4,593,260 0.04% Ziggo Secured Finance BV 4,500,000 $ 4,540,725 0.04% NVA Holdings Inc/United States, Term Loan 4,470,635 $ 4,494,866 0.04% Post Holdings Inc 4,300,000 $ 4,466,625 0.04% Callon Petroleum Co 4,201,000 $ 4,327,030 0.03% T-Mobile USA Inc 4,025,000 $ 4,286,625 0.03% TransDigm Inc 4,000,000 $ 4,125,000 0.03% Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp 4,125,000 $ 4,114,688 0.03% TransDigm Inc 3,950,000 $ 4,009,250 0.03% Sirius XM Radio Inc 3,750,000 $ 3,984,375 0.03% Jaguar Holding Co II / Pharmaceutical Product Development LLC 3,700,000 $ 3,811,000 0.03% Provident Funding Associates LP / PFG Finance Corp 3,625,000 $ 3,805,525 0.03% Unitymedia GmbH 3,525,000 $ 3,724,339 0.03% US Foods Inc 3,485,000 $ 3,659,250 0.03% Extraction Oil & Gas Inc 3,400,000 $ 3,621,000 0.03% DISH DBS Corp 3,650,000 $ 3,563,313 0.03%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS Post Holdings Inc 3,500,000 $ 3,526,250 0.03% Midcontinent Communications / Midcontinent Finance Corp 3,200,000 $ 3,400,000 0.03% Gulfport Energy Corp 3,366,000 $ 3,378,623 0.03% Reynolds Group Issuer Inc / Reynolds Group Issuer LLC / Reynolds Group 3,250,000 $ 3,371,875 0.03% Issuer (Luxembourg) S.A. Novelis Corp 3,175,000 $ 3,341,688 0.03% Six Flags Entertainment Corp 3,225,000 $ 3,281,438 0.03% Polaris Intermediate Corp 3,150,000 $ 3,277,260 0.03% Sirius XM Radio Inc 3,100,000 $ 3,134,875 0.03% Gulfport Energy Corp 3,050,000 $ 3,072,875 0.02% Tenet Healthcare Corp 3,225,000 $ 3,015,311 0.02% SRC Energy Inc 2,900,000 $ 2,972,500 0.02% Tenet Healthcare Corp 3,000,000 $ 2,955,000 0.02% MPH Acquisition Holdings LLC 2,750,000 $ 2,952,813 0.02% Ascend Learning LLC 2,775,000 $ 2,886,000 0.02% Antero Resources Corp 2,800,000 $ 2,870,000 0.02% Jefferies LoanCore LLC / JLC Finance Corp 2,775,000 $ 2,858,250 0.02% Park Aerospace Holdings Ltd 2,625,000 $ 2,687,344 0.02% CCO Holdings LLC / CCO Holdings Capital Corp 2,525,000 $ 2,641,781 0.02% Jonah Energy LLC / Jonah Energy Finance Corp 2,575,000 $ 2,600,750 0.02% CrownRock LP / CrownRock Finance Inc 2,550,000 $ 2,562,750 0.02% Alliance Data Systems Corp 2,500,000 $ 2,556,250 0.02% Change Healthcare Holdings LLC / Change Healthcare Finance Inc 2,500,000 $ 2,531,250 0.02% CSC Holdings LLC 2,575,000 $ 2,509,820 0.02% Netflix Inc 2,525,000 $ 2,496,594 0.02% DaVita Inc 2,475,000 $ 2,475,743 0.02% AMC Entertainment Holdings Inc 2,480,000 $ 2,461,400 0.02% Ziggo Bond Finance BV 2,430,000 $ 2,430,000 0.02% Cinemark USA Inc 2,350,000 $ 2,391,125 0.02% ESH Hospitality Inc 2,250,000 $ 2,289,375 0.02% Holly Energy Partners LP / Holly Energy Finance Corp 2,150,000 $ 2,241,375 0.02% Vector Group Ltd 2,050,000 $ 2,137,125 0.02% KAR Auction Services Inc 2,050,000 $ 2,121,750 0.02% Parsley Energy LLC / Parsley Finance Corp 2,075,000 $ 2,120,380 0.02% Pinnacle Foods Finance LLC / Pinnacle Foods Finance Corp 2,000,000 $ 2,120,000 0.02% Level 3 Financing Inc 2,100,000 $ 2,100,000 0.02% Regal Entertainment Group 2,000,000 $ 2,067,500 0.02% Netflix Inc 1,860,000 $ 1,978,575 0.02% Tenet Healthcare Corp 2,150,000 $ 1,951,125 0.02% Prestige Brands Inc 1,910,000 $ 1,950,588 0.02% Post Holdings Inc 1,950,000 $ 1,932,938 0.02% TreeHouse Foods Inc 1,800,000 $ 1,883,250 0.02%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS 1011778 BC ULC / New Red Finance Inc 1,800,000 $ 1,802,700 0.01% Carrizo Oil & Gas Inc 1,725,000 $ 1,765,969 0.01% Sprint Capital Corp 1,675,000 $ 1,718,969 0.01% First Data Corp 1,500,000 $ 1,556,250 0.01% Sprint Communications Inc 1,525,000 $ 1,540,250 0.01% Reynolds Group Issuer Inc / Reynolds Group Issuer LLC / Reynolds Group 1,500,000 $ 1,526,250 0.01% Issuer (Luxembourg) S.A. Antero Resources Corp 1,475,000 $ 1,500,813 0.01% ServiceMaster Co LLC/The 1,475,000 $ 1,497,125 0.01% Altice Financing SA 1,450,000 $ 1,486,250 0.01% Wind Tre SpA 1,525,000 $ 1,460,798 0.01% Hanesbrands Inc 1,425,000 $ 1,451,719 0.01% Zayo Group LLC / Zayo Capital Inc 1,350,000 $ 1,404,844 0.01% PDC Energy Inc 1,350,000 $ 1,397,250 0.01% Antero Resources Corp 1,325,000 $ 1,358,125 0.01% UPCB Finance IV Ltd 1,275,000 $ 1,294,125 0.01% SP Finco LLC 1,230,000 $ 1,119,300 0.01% PTC Inc 1,000,000 $ 1,072,500 0.01% Endeavor Energy Resources LP / EER Finance Inc 1,025,000 $ 1,036,531 0.01% First Data Corp 1,000,000 $ 1,035,000 0.01% Endeavor Energy Resources LP / EER Finance Inc 975,000 $ 987,188 0.01% PDC Energy Inc 843,000 $ 880,408 0.01% AMC Networks Inc 875,000 $ 868,438 0.01% Tenet Healthcare Corp 600,000 $ 630,000 0.01% Tenet Healthcare Corp 100,000 $ 105,500 0.00% Itron Inc, Term Loan -2,000,000 $ - 0.00%

Total High Yield-Post $ 608,343,543 4.89%

High Yield-Stone Harbor Tesco PLC 3,900,000 $ 6,074,101 0.05% Matterhorn Telecom Holding SA 4,595,000 $ 5,594,550 0.04% Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc 4,000,000 $ 5,278,756 0.04% Unitymedia Hessen GmbH & Co KG / Unitymedia NRW GmbH 3,900,000 $ 5,234,289 0.04% Cott Corp 3,900,000 $ 5,071,355 0.04% Telefonica Europe BV 4,000,000 $ 5,028,090 0.04% SIG Combibloc Holdings SCA 4,000,000 $ 4,987,145 0.04% Valeant Pharmaceuticals International Inc 4,800,000 $ 4,907,922 0.04% SFR Group SA 4,000,000 $ 4,888,117 0.04% Axalta Coating Systems Dutch Holding B BV 3,700,000 $ 4,727,171 0.04% eircom Finance DAC 3,800,000 $ 4,691,197 0.04% Synlab Bondco PLC 3,475,000 $ 4,384,284 0.04% Verallia Packaging SASU 3,400,000 $ 4,249,191 0.03%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS WMG Acquisition Corp 3,273,000 $ 4,102,937 0.03% WEPA Hygieneprodukte GmbH 3,300,000 $ 4,066,142 0.03% Telecom Italia SpA/Milano 3,000,000 $ 4,037,195 0.03% Casino Guichard Perrachon SA 3,000,000 $ 4,009,672 0.03% Loxam SAS 2,900,000 $ 3,769,558 0.03% Ziggo Bond Finance BV 3,000,000 $ 3,742,430 0.03% IHO Verwaltungs GmbH 3,000,000 $ 3,742,144 0.03% Silgan Holdings Inc 3,000,000 $ 3,707,415 0.03% Quintiles IMS Inc 3,000,000 $ 3,684,962 0.03% Virgin Media Finance PLC 2,500,000 $ 3,647,235 0.03% Ball Corp 2,600,000 $ 3,573,546 0.03% Grifols SA 2,900,000 $ 3,520,758 0.03% thyssenkrupp AG 2,900,000 $ 3,510,127 0.03% Iron Mountain UK PLC 2,600,000 $ 3,494,917 0.03% UPC Holding BV 3,000,000 $ 3,461,126 0.03% INEOS Group Holdings SA 2,500,000 $ 3,206,243 0.03% Leonardo SpA 2,200,000 $ 3,192,509 0.03% Belden Inc 2,600,000 $ 3,111,669 0.02% Crown European Holdings SA 2,400,000 $ 3,060,988 0.02% ProGroup AG 2,400,000 $ 2,968,635 0.02% Equinix Inc 2,400,000 $ 2,914,359 0.02% Boparan Finance PLC 2,350,000 $ 2,884,147 0.02% Altice Luxembourg SA 2,400,000 $ 2,763,771 0.02% Telenet Finance V Luxembourg SCA 2,100,000 $ 2,679,490 0.02% Adient Global Holdings Ltd 2,100,000 $ 2,672,191 0.02% Telenet Finance VI Luxembourg SCA 2,000,000 $ 2,618,511 0.02% Enel SpA 2,000,000 $ 2,582,841 0.02% Altice Luxembourg SA 2,300,000 $ 2,573,155 0.02% PSPC Escrow Corp 2,050,000 $ 2,553,716 0.02% Smurfit Kappa Acquisitions ULC 2,000,000 $ 2,532,970 0.02% Netflix Inc 2,100,000 $ 2,512,022 0.02% Rexel SA 2,000,000 $ 2,502,323 0.02% ArcelorMittal 1,900,000 $ 2,442,093 0.02% Avantor Inc 2,000,000 $ 2,411,345 0.02% Wind Tre SpA 2,000,000 $ 2,356,694 0.02% Altice Finco SA 2,100,000 $ 2,321,783 0.02% Telecom Italia SpA/Milano 1,750,000 $ 2,306,919 0.02% Schumann SpA 1,875,000 $ 2,298,669 0.02% Solvay Finance SA 1,600,000 $ 2,281,364 0.02% Aramark International Finance Sarl 1,800,000 $ 2,239,930 0.02% Ziggo Bond Co BV 1,675,000 $ 2,208,785 0.02%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS AMC Entertainment Holdings Inc 1,600,000 $ 2,167,507 0.02% Altice Financing SA 1,700,000 $ 2,101,832 0.02% Moy Park BondCo PLC 1,500,000 $ 2,094,519 0.02% Catalent Pharma Solutions Inc 1,500,000 $ 1,910,352 0.02% Fiat Chrysler Finance Europe SA 1,400,000 $ 1,887,540 0.02% Gates Global LLC, Term Loan B1 1,492,500 $ 1,783,109 0.01% CMA CGM SA 1,400,000 $ 1,766,330 0.01% Nidda Healthcare Holding GmbH 1,400,000 $ 1,699,676 0.01% Repsol International Finance BV 1,250,000 $ 1,652,340 0.01% Fiat Chrysler Finance Europe SA 1,200,000 $ 1,583,655 0.01% Nidda BondCo GmbH 1,300,000 $ 1,582,820 0.01% Virgin Media Finance PLC 1,100,000 $ 1,562,683 0.01% Unilabs Subholding AB 1,200,000 $ 1,462,140 0.01% Enel SpA 943,000 $ 1,444,285 0.01% Unitymedia Hessen GmbH & Co KG / Unitymedia NRW GmbH 1,093,500 $ 1,345,504 0.01% Smurfit Kappa Acquisitions ULC 1,000,000 $ 1,290,076 0.01% Repsol International Finance BV 1,000,000 $ 1,278,030 0.01% Nyrstar Netherlands Holdings BV 1,000,000 $ 1,262,022 0.01% Virgin Media Secured Finance PLC 900,000 $ 1,254,032 0.01% Gas Natural Fenosa Finance BV 1,000,000 $ 1,249,676 0.01% Premier Foods Finance PLC 900,000 $ 1,239,002 0.01% EC Finance PLC 1,000,000 $ 1,220,234 0.01% International Game Technology PLC 900,000 $ 1,219,536 0.01% OI European Group BV 900,000 $ 1,215,840 0.01% Refresco Group NV, Term Loan B 1,000,000 $ 1,191,309 0.01% Douglas GmbH, Term Loan B8 1,000,000 $ 1,189,262 0.01% Morgan Stanley Institutional Liquidity Funds - Government Portfolio 1,110,539 $ 1,110,539 0.01% Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc 800,000 $ 1,092,625 0.01% TA MFG. Ltd 853,000 $ 1,042,786 0.01% La Financiere Atalian SAS 650,000 $ 812,345 0.01% Europcar Drive Designated Activity Co 550,000 $ 666,093 0.01% Bibby Offshore Services PLC 1,300,000 $ 606,531 0.00% CTC BondCo GmbH 400,000 $ 476,100 0.00% Catalent Pharma Solution 200,000 $ 248,167 0.00%

Total High Yield-Stone Harbor $ 235,091,954 1.89%

Master Limited Partnerships/Other Ginnie Mae II Pool 40,000,000 $ 41,363,280 0.33% Fannie Mae Pool 25,000,000 $ 26,119,140 0.21% Fannie Mae Pool 17,093,459 $ 17,627,447 0.14% Fannie Mae Pool 14,034,390 $ 14,041,274 0.11%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS Morgan Stanley Institutional Liquidity Funds - Government Portfolio 13,885,114 $ 13,885,114 0.11% Fannie Mae Pool 12,693,618 $ 13,096,905 0.11% Ginnie Mae II Pool 11,641,125 $ 12,214,370 0.10% Freddie Mac Gold Pool 11,338,688 $ 11,912,790 0.10% Ginnie Mae I Pool 10,000,000 $ 10,556,445 0.08% Ginnie Mae II Pool 10,000,000 $ 10,531,445 0.08% Fannie Mae 10,000,000 $ 10,187,620 0.08% Fannie Mae Pool 10,061,405 $ 10,082,161 0.08% Fannie Mae Pool 9,974,811 $ 9,979,704 0.08% Fannie Mae Pool 9,498,037 $ 9,977,797 0.08% Drive Auto Receivables Trust 2017-2 9,525,850 $ 9,526,430 0.08% Fannie Mae Pool 8,542,983 $ 9,212,271 0.07% Fannie Mae Pool 8,861,593 $ 9,153,092 0.07% Fannie Mae Pool 8,552,544 $ 8,839,178 0.07% Fannie Mae Pool 8,559,556 $ 8,783,332 0.07% Nissan Auto Lease Trust 2017-A 8,500,000 $ 8,502,694 0.07% Ginnie Mae II Pool 7,942,617 $ 8,350,043 0.07% World Financial Network Credit Card Master Trust 8,295,000 $ 8,303,423 0.07% Fannie Mae Pool 7,270,645 $ 7,860,042 0.06% Fannie Mae REMICS 31,114,810 $ 7,019,542 0.06% Hyundai Auto Lease Securitization Trust 2017-C 7,000,000 $ 7,000,151 0.06% Ginnie Mae 32,189,097 $ 6,863,388 0.06% Ginnie Mae I Pool 6,568,319 $ 6,841,061 0.05% Fannie Mae REMICS 30,045,428 $ 6,795,218 0.05% Ginnie Mae 28,836,886 $ 6,688,638 0.05% Dell Equipment Finance Trust 2017-1 6,500,000 $ 6,499,303 0.05% Fannie Mae REMICS 28,328,676 $ 6,451,329 0.05% Fannie Mae Connecticut Avenue Securities 6,382,220 $ 6,447,387 0.05% Freddie Mac REMICS 30,012,637 $ 6,377,682 0.05% Navient Student Loan Trust 2017-4 6,196,027 $ 6,196,083 0.05% Fannie Mae REMICS 27,085,989 $ 6,042,754 0.05% Dell Equipment Finance Trust 2017-2 6,000,000 $ 6,000,093 0.05% SoFi Professional Loan Program 2017-E LLC 5,904,239 $ 5,907,142 0.05% Fannie Mae Pool 5,404,817 $ 5,903,355 0.05% Ginnie Mae 28,862,734 $ 5,888,806 0.05% Navient Private Education Loan Trust 2015-C 5,770,772 $ 5,808,336 0.05% Fannie Mae REMICS 26,629,721 $ 5,775,169 0.05% Fannie Mae REMICS 21,562,726 $ 5,466,345 0.04% Freddie Mac Gold Pool 4,925,619 $ 5,429,765 0.04% Ginnie Mae 22,289,792 $ 5,286,153 0.04% Ginnie Mae 24,734,853 $ 5,256,156 0.04%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS Ginnie Mae II Pool 5,000,000 $ 5,221,875 0.04% Ginnie Mae 25,821,813 $ 5,165,370 0.04% AmeriCredit Automobile Receivables Trust 2017-4 5,000,000 $ 5,000,011 0.04% Ginnie Mae 25,099,755 $ 4,968,012 0.04% Ginnie Mae 23,787,994 $ 4,886,758 0.04% Fannie Mae Pool 4,511,620 $ 4,716,746 0.04% Ginnie Mae I Pool 4,422,953 $ 4,708,408 0.04% Fannie Mae Pool 4,193,337 $ 4,663,423 0.04% Ginnie Mae 19,852,631 $ 4,652,887 0.04% Drive Auto Receivables Trust 2017-1 4,634,821 $ 4,636,126 0.04% Fannie Mae REMICS 21,600,542 $ 4,624,274 0.04% Fannie Mae REMICS 21,171,733 $ 4,593,807 0.04% Ginnie Mae 19,902,114 $ 4,527,952 0.04% Ginnie Mae 21,296,909 $ 4,438,934 0.04% Fannie Mae Pool 4,107,954 $ 4,426,105 0.04% Fannie Mae REMICS 19,341,986 $ 4,391,954 0.04% Ginnie Mae 18,794,723 $ 4,380,825 0.04% Ginnie Mae 19,658,235 $ 4,364,447 0.04% Fannie Mae REMICS 21,882,639 $ 4,275,071 0.03% Ginnie Mae 24,269,202 $ 4,269,642 0.03% Hertz Fleet Lease Funding LP 4,250,000 $ 4,258,488 0.03% Freddie Mac Structured Agency Credit Risk Debt Notes 4,094,182 $ 4,234,379 0.03% Ginnie Mae 20,590,968 $ 4,181,239 0.03% Ginnie Mae 20,907,721 $ 4,140,943 0.03% Ginnie Mae 18,660,626 $ 4,106,280 0.03% Ginnie Mae 19,172,606 $ 4,088,299 0.03% Ginnie Mae 17,969,976 $ 3,993,919 0.03% Fannie Mae Pool 3,676,287 $ 3,931,568 0.03% Freddie Mac Gold Pool 3,818,189 $ 3,919,262 0.03% Navient Student Loan Trust 2017-3 3,862,481 $ 3,867,179 0.03% Ginnie Mae 15,056,604 $ 3,820,043 0.03% Ginnie Mae 19,537,216 $ 3,817,101 0.03% Ginnie Mae 15,525,790 $ 3,664,689 0.03% Fannie Mae REMICS 20,140,030 $ 3,628,100 0.03% Ginnie Mae 17,191,831 $ 3,611,048 0.03% Fannie Mae REMICS 17,252,129 $ 3,567,235 0.03% Ginnie Mae 23,730,526 $ 3,553,141 0.03% Ginnie Mae 17,684,227 $ 3,519,290 0.03% Ginnie Mae II Pool 3,319,454 $ 3,505,255 0.03% Ginnie Mae 17,710,377 $ 3,399,277 0.03% Ginnie Mae 30,000,441 $ 3,379,514 0.03%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS Ginnie Mae 17,789,111 $ 3,337,878 0.03% Ginnie Mae 21,576,512 $ 3,324,371 0.03% Ginnie Mae 14,613,623 $ 3,290,455 0.03% Fannie Mae REMICS 18,386,525 $ 3,281,680 0.03% Ginnie Mae 21,017,099 $ 3,279,533 0.03% Ginnie Mae 19,869,131 $ 3,265,702 0.03% Ginnie Mae 14,903,090 $ 3,154,165 0.03% Fannie Mae REMICS 16,156,045 $ 3,137,207 0.03% Fannie Mae REMICS 19,090,624 $ 3,123,587 0.03% Freddie Mac Gold Pool 2,889,485 $ 3,046,493 0.02% Freddie Mac Structured Agency Credit Risk Debt Notes 3,041,506 $ 3,045,066 0.02% Ginnie Mae 13,613,857 $ 3,041,763 0.02% Ginnie Mae 17,482,380 $ 3,033,432 0.02% Ginnie Mae 15,920,639 $ 3,021,373 0.02% Freddie Mac Structured Agency Credit Risk Debt Notes 2,974,847 $ 2,974,846 0.02% Ginnie Mae 14,465,861 $ 2,970,641 0.02% Ginnie Mae 14,410,877 $ 2,888,480 0.02% GM Financial Automobile Leasing Trust 2016-3 2,885,818 $ 2,887,247 0.02% Ginnie Mae 14,928,991 $ 2,855,083 0.02% Enterprise Fleet Financing LLC 2,826,771 $ 2,825,034 0.02% Ginnie Mae 15,564,689 $ 2,570,631 0.02% Fannie Mae REMICS 15,802,603 $ 2,567,828 0.02% Freddie Mac Structured Agency Credit Risk Debt Notes 2,481,763 $ 2,543,791 0.02% World Omni Automobile Lease Securitization Trust 2016-A 2,306,315 $ 2,308,678 0.02% Ginnie Mae 10,427,568 $ 2,297,646 0.02% Ginnie Mae 10,131,524 $ 2,133,469 0.02% Ginnie Mae 9,970,413 $ 2,115,286 0.02% Ginnie Mae 9,114,689 $ 2,114,776 0.02% Ginnie Mae II Pool 1,994,568 $ 2,106,209 0.02% Fannie Mae Pool 1,941,398 $ 2,075,948 0.02% Fannie Mae Pool 1,937,762 $ 2,026,142 0.02% Freddie Mac Structured Agency Credit Risk Debt Notes 2,000,567 $ 2,003,460 0.02% Ginnie Mae 10,776,143 $ 1,891,562 0.02% Ginnie Mae II Pool 1,706,512 $ 1,802,029 0.01% Ginnie Mae 10,180,346 $ 1,762,303 0.01% Fannie Mae REMICS 7,747,279 $ 1,580,889 0.01% Ginnie Mae 9,127,219 $ 1,561,112 0.01% Ginnie Mae 7,000,000 $ 1,548,750 0.01% Ginnie Mae 5,982,226 $ 1,433,410 0.01% Freddie Mac Structured Agency Credit Risk Debt Notes 1,321,643 $ 1,323,213 0.01% SMB Private Education Loan Trust 2016-B 1,271,357 $ 1,272,861 0.01%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS Ginnie Mae 6,310,136 $ 1,272,039 0.01% Ginnie Mae II Pool 998,643 $ 1,054,540 0.01% Ginnie Mae II Pool 997,104 $ 1,052,915 0.01% Ginnie Mae 7,007,872 $ 1,030,019 0.01% Ginnie Mae II Pool 944,242 $ 996,680 0.01% Ginnie Mae 3,675,568 $ 959,378 0.01% AmeriCredit Automobile Receivables Trust 2016-3 955,973 $ 956,426 0.01% Freddie Mac Structured Agency Credit Risk Debt Notes 867,681 $ 869,188 0.01% Ginnie Mae II Pool 779,724 $ 823,070 0.01% Ginnie Mae II Pool 670,271 $ 707,791 0.01% GM Financial Automobile Leasing Trust 2016-2 664,753 $ 665,124 0.01% Ginnie Mae 3,456,443 $ 559,840 0.00% Fannie Mae REMICS 2,556,511 $ 479,551 0.00% Ginnie Mae 1,952,306 $ 415,669 0.00% Capital Auto Receivables Asset Trust 2016-2 18,427 $ 18,431 0.00%

Total Master Limited Partnerships/Other $ 713,833,418 5.73%

Preferred Securities Standard Chartered PLC 15,000,000 $ 16,425,000 0.13% MetLife Inc 11,000,000 $ 16,280,000 0.13% Lloyds Bank PLC 10,000,000 $ 13,474,700 0.11% Liberty Mutual Group Inc 9,861,000 $ 12,523,470 0.10% JPMorgan Chase & Co 10,000,000 $ 11,435,600 0.09% Citigroup Capital III 8,600,000 $ 11,200,867 0.09% Barclays PLC 10,000,000 $ 10,987,340 0.09% Centaur Funding Corp 9,000 $ 10,138,369 0.08% Royal Bank of Scotland Group PLC 7,000,000 $ 7,892,500 0.06% AIG Life Holdings Inc 5,400,000 $ 7,182,000 0.06% Credit Agricole SA 6,000,000 $ 6,804,180 0.05% Prologis Inc 92,034 $ 6,645,527 0.05% Societe Generale SA 6,000,000 $ 6,502,500 0.05% HSBC Capital Funding Dollar 1 LP 4,000,000 $ 6,445,000 0.05% Dresdner Funding Trust I 4,500,000 $ 5,931,621 0.05% Catlin Insurance Co Ltd 6,150,000 $ 5,873,742 0.05% CoBank ACB 51,000 $ 5,571,750 0.04% Wells Fargo & Co 4,046 $ 5,425,686 0.04% Morgan Stanley Institutional Liquidity Funds - Government Portfolio 5,406,350 $ 5,406,350 0.04% Nordea Bank AB 5,000,000 $ 5,387,500 0.04% Royal Bank of Scotland Group PLC 5,000,000 $ 5,298,750 0.04% BNSF Funding Trust I 4,610,000 $ 5,278,450 0.04% BNP Paribas SA 4,400,000 $ 5,098,500 0.04%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS Lincoln National Corp 5,584,000 $ 5,053,520 0.04% Charles Schwab Corp/The 4,198,000 $ 4,776,736 0.04% BPCE SA 4,000,000 $ 4,677,520 0.04% PNC Financial Services Group Inc/The 4,000,000 $ 4,458,000 0.04% HSBC Holdings PLC 4,000,000 $ 4,330,000 0.03% Voya Financial Inc 4,000,000 $ 4,224,000 0.03% Capital One Financial Corp 4,000,000 $ 4,170,000 0.03% Citizens Financial Group Inc 4,000,000 $ 4,160,000 0.03% Lloyds Bank PLC 3,000,000 $ 4,042,410 0.03% Emera Inc 3,300,000 $ 3,712,500 0.03% AgriBank FCB 33,000 $ 3,597,000 0.03% Enterprise Products Operating LLC 3,500,000 $ 3,517,500 0.03% BNP Paribas SA 3,000,000 $ 3,476,250 0.03% SCE Trust V 125,000 $ 3,453,750 0.03% Bank of America Corp 3,000,000 $ 3,421,200 0.03% Provident Financing Trust I 3,000,000 $ 3,405,000 0.03% UBS Group AG 3,000,000 $ 3,321,240 0.03% BNP Paribas SA 3,000,000 $ 3,315,000 0.03% Valley National Bancorp 120,000 $ 3,314,400 0.03% Credit Suisse Group AG 3,000,000 $ 3,256,788 0.03% UBS Group AG 3,000,000 $ 3,221,250 0.03% Legal & General Group PLC 3,000,000 $ 3,180,000 0.03% AG Insurance SA 3,000,000 $ 3,150,540 0.03% Enel SpA 2,500,000 $ 3,090,625 0.02% Banco Bilbao Vizcaya Argentaria SA 3,000,000 $ 3,077,934 0.02% Hartford Financial Services Group Inc/The 100,000 $ 3,004,000 0.02% Fifth Third Bancorp 100,000 $ 2,879,000 0.02% Great-West Life & Annuity Insurance Capital LP 2,400,000 $ 2,864,593 0.02% Hartford Financial Services Group Inc/The 3,000,000 $ 2,850,000 0.02% Allstate Corp/The 100,000 $ 2,676,000 0.02% Entergy Louisiana LLC 99,900 $ 2,500,497 0.02% National Rural Utilities Cooperative Finance Corp 2,200,000 $ 2,342,283 0.02% Citigroup Inc 80,995 $ 2,325,366 0.02% Telephone & Data Systems Inc 91,217 $ 2,325,121 0.02% Credit Suisse AG 2,000,000 $ 2,247,500 0.02% Koninklijke KPN NV 2,000,000 $ 2,242,000 0.02% Citigroup Inc 2,000,000 $ 2,237,500 0.02% US Bancorp 2,000,000 $ 2,097,000 0.02% Wells Fargo & Co 80,727 $ 2,090,829 0.02% Credit Agricole SA 2,000,000 $ 2,081,424 0.02% Bank of New York Mellon Corp/The 2,000,000 $ 2,072,500 0.02%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS Transcanada Trust 1,900,000 $ 2,069,005 0.02% American International Group Inc 1,500,000 $ 2,055,000 0.02% Banco Santander SA 2,000,000 $ 2,040,296 0.02% Alabama Power Co 75,000 $ 1,998,750 0.02% Dominion Energy Inc 76,941 $ 1,942,760 0.02% Huntington Bancshares Inc/OH 70,000 $ 1,925,700 0.02% XLIT Ltd 2,100,000 $ 1,874,250 0.02% State Street Corp 65,000 $ 1,810,250 0.01% Morgan Stanley 60,000 $ 1,621,800 0.01% Charles Schwab Corp/The 59,400 $ 1,604,988 0.01% Public Storage 57,851 $ 1,556,192 0.01% MetLife Inc 900,000 $ 1,507,500 0.01% PNC Financial Services Group Inc/The 50,000 $ 1,424,500 0.01% Liberty Mutual Insurance Co 946,000 $ 1,367,477 0.01% Standard Chartered PLC 1,150,000 $ 1,348,375 0.01% Equity Residential 20,702 $ 1,337,867 0.01% Verizon Communications Inc 50,000 $ 1,310,000 0.01% Morgan Stanley 1,250,000 $ 1,298,438 0.01% Societe Generale SA 1,000,000 $ 1,166,250 0.01% KeyCorp 40,000 $ 1,150,800 0.01% Credit Suisse Group AG 1,000,000 $ 1,146,170 0.01% XLIT Ltd 1,200 $ 1,144,875 0.01% Australia & New Zealand Banking Group Ltd/United Kingdom 1,000,000 $ 1,138,750 0.01% Bank of America Corp 1,000,000 $ 1,137,600 0.01% Dairy Farmers of America Inc 10,000 $ 1,131,416 0.01% Cooperatieve Rabobank UA 1,000,000 $ 1,125,000 0.01% Bank of Nova Scotia/The 1,100,000 $ 1,097,250 0.01% Prudential Financial Inc 1,000,000 $ 1,096,270 0.01% Societe Generale SA 1,000,000 $ 1,050,620 0.01% SunTrust Banks Inc 1,000,000 $ 1,042,500 0.01% American Express Co 1,000,000 $ 1,033,120 0.01% General Motors Financial Co Inc 1,000,000 $ 1,027,340 0.01% KeyCorp Capital III 795,000 $ 1,005,675 0.01% DTE Energy Co 35,000 $ 884,100 0.01% Southern Co/The 35,000 $ 875,700 0.01% Goldman Sachs Group Inc/The 32,200 $ 873,908 0.01% Arch Capital Group Ltd 30,800 $ 770,924 0.01% CoBank ACB 7,000 $ 742,000 0.01% SCE Trust VI 25,000 $ 627,000 0.01% M&T Bank Corp 535,000 $ 604,550 0.00% Reinsurance Group of America Inc 20,000 $ 552,000 0.00%

SCHEDULE OF INVESTMENTS

ISSUER SHARES MARKET % TOTAL NET VALUE ASSETS Entergy New Orleans Inc 20,000 $ 501,200 0.00% Public Storage 18,393 $ 494,588 0.00% Stanley Black & Decker Inc 450,000 $ 463,500 0.00% Koninklijke KPN NV 400,000 $ 448,400 0.00% DDR Corp 15,702 $ 409,822 0.00% Telephone & Data Systems Inc 12,496 $ 315,774 0.00% Digital Realty Trust Inc 8,320 $ 222,643 0.00% Allstate Corp/The 100,000 $ 109,000 0.00%

Total Preferred Securities $ 380,930,072 3.06%

Total Market Value $ 12,493,697,300 100.35%

Cash -43,924,551 -0.35%

Total Net Assets $ 12,449,772,748 100.00%

Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise. Lower-rated securities are subject to additional credit and default risks. Risks associated with preferred securities differ from risks inherent with other investments . In particular, in the event of bankruptcy, a company's preferred securities are senior to common stock but subordinated to all other types of corporate debt. International investing involves increased risks due to currency fluctuations, political or social instability, and differences in accounting standards, these risks are magnified in emerging markets. REIT securities are subject to risk factors associated with the real estate industry and tax factors of REIT registration .

Portfolio holdings may not reflect the current portfolio composition. The holdings listed do not constitute a recommendation to purchase or sell a particular security.

Insurance products and plan administrative services, if applicable, are provided by Principal Life Insurance Company. Principal mutual funds are part of the Principal Funds, Inc. series. Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Securities are offered through Principal Securities, Inc., 800-547-7754, member SIPC and/or independent broker/dealers. Securities sold by a Principal Securities Registered Representative are offered through Principal Securities. Principal Funds Distributor, Principal Securities and Principal Life are members of Principal Financial Group®, Des Moines, IA 50392. Certain investment options may not be available in all states or U.S. commonwealths.

Investors should carefully consider a mutual fund’s investment objectives, risks, charges, and expenses prior to investing. A prospectus, or summary prospectus if available, containing this and other information can be obtained by contacting a financial professional, visiting principal.com, or calling 1-800-547-7754. Read the prospectus carefully before investing.

A mutual fund's share price and investment return will vary with market conditions, and the principal value of an investment when you sell your shares may be more or less than the original cost.

Information is current as of the creation of this piece. Keep in mind that portfolio holdings are subject to risk.

Not FDIC or NCUA Insured PQ 8917 May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee 11-17 Not Insured by any Federal Government Agency