Total Return Bond Series)

SCHEDULE OF INVESTMENTS (Unaudited) June 30, 2021 SERIES E (TOTAL RETURN BOND SERIES) SHARES VALUE SHARES VALUE COMMON STOCKS† - 1.4% MSD Acquisition Corp. Expiring 05/13/23*,15 974 $ 1,266 FINANCIAL - 1.3% Colicity, Inc. Pershing Square Tontine Expiring 12/31/27*,15 290 447 Holdings, Ltd. — Class A*,15 76,590 $ 1,743,188 KKR Acquisition Holdings Total Warrants I Corp. — Class A*,15 33,829 332,201 (Cost $58,977) 68,914 ,15 RXR Acquisition Corp. — Class A* 6,570 63,795 MUTUAL FUNDS† - 4.0% ,15 MSD Acquisition Corp. — Class A* 4,876 48,028 Guggenheim Total Return Soaring Eagle Acquisition Bond Fund — R6-Class1 238,230 6,930,119 Corp. — Class A*,15 3,427 34,133 Total Mutual Funds TPG Pace Beneficial II Corp.*,15 3,901 39,322 (Cost $6,330,870) 6,930,119 TPG Pace Solutions Corp.*,15 2,801 27,898 Colicity, Inc. — Class A*,15 1,453 14,167 MONEY MARKET FUND† - 1.9% Colicity, Inc.*,15 266 2,679 Dreyfus Treasury Securities RXR Acquisition Corp.*,15 263 2,619 Cash Management Fund — 2 Total Financial 2,308,030 Institutional Shares, 0.01% 3,302,439 3,302,439 Total Money Market Fund COMMUNICATIONS - 0.1% (Cost $3,302,439) 3,302,439 Figs, Inc. — Class A* 1,346 67,435 FACE Total Common Stocks ~ (Cost $2,076,029) 2,375,465 AMOUNT PREFERRED STOCKS†† - 2.5% CORPORATE BONDS†† - 43.6% FINANCIAL - 2.5% FINANCIAL - 18.7% First Republic Bank, 4.25% 24,000 641,520 Wells Fargo & Co. Bank of America Corp., 4.13% 16,000 418,560 3.07% due 04/30/413 1,100,000 1,125,910 Wells Fargo & Co., 4.70% 16,000 418,400 3.90%3,4 350,000 362,355 Public Storage, 4.63% 14,400 396,576 Citigroup, Inc. W R Berkley Corp., 4.13% due 03/30/61 12,000 321,120 3.88%3,4 600,000 612,750 Bank of America Corp., 4.38% 12,000 314,400 2.57% due 06/03/313 590,000 607,186 Equitable Holdings, Inc., 4.30% 12,000 303,720 4.00%3,4 200,000 206,200 American Financial Group, American International Group, Inc. Inc., 4.50% due 09/15/60 10,000 277,100 3.40% due 06/30/30 660,000 724,503 Arch Capital Group Ltd., 4.55%* 10,000 258,100 4.38% due 06/30/50 550,000 669,096 JPMorgan Chase & Co., 4.63%* 8,000 213,040 Nationwide Mutual Insurance Co. CNO Financial Group, Inc., 4.35% due 04/30/505 950,000 1,065,398 5.13% due 11/25/60 6,000 161,700 Pershing Square Holdings, Ltd. First Republic Bank, 4.13% 6,000 153,900 3.25% due 11/15/305 1,000,000 1,016,770 Assurant, Inc., 5.25% due 01/15/61 4,000 108,160 Citizens Financial Group, Inc. W R Berkley Corp., 4.25% due 09/30/60 4,000 106,680 3.25% due 04/30/30 867,000 940,313 Selective Insurance Group, Inc., 4.60% 4,000 101,720 Bank of America Corp. Public Storage, 4.13% 3,200 83,360 2.59% due 04/29/313 890,000 918,554 Total Financial 4,278,056 Reliance Standard Life Global Funding II 5 Total Preferred Stocks 2.75% due 05/07/25 800,000 841,951 (Cost $4,040,000) 4,278,056 Reinsurance Group of America, Inc. 3.15% due 06/15/30 750,000 802,843 WARRANTS† - 0.0% Charles Schwab Corp. Pershing Square Tontine Holdings, Ltd. 4.00%3,4 500,000 511,500 Expiring 07/24/25*,15 8,510 53,613 5.38%3,4 239,000 264,167 KKR Acquisition Holdings I Corp. - Class A Wilton RE Ltd. Expiring 12/31/27*,15 8,457 9,979 6.00%†††,3,4,5 700,000 757,813 Soaring Eagle Acquisition Corp. - Class A Macquarie Bank Ltd. Expiring 12/31/27*,15 684 2,257 3.05% due 03/03/363,5 450,000 447,706 RXR Acquisition Corp. 3.62% due 06/03/305 290,000 306,945 Expiring 03/08/26*,15 1,312 1,352 SCHEDULE OF INVESTMENTS (Unaudited)(continued) June 30, 2021 SERIES E (TOTAL RETURN BOND SERIES) FACE FACE ~ ~ AMOUNT VALUE AMOUNT VALUE Arch Capital Group Ltd. First American Financial Corp. 3.64% due 06/30/50 700,000 $ 753,612 4.00% due 05/15/30 360,000 $ 400,724 Markel Corp. Brookfield Finance, Inc. 6.00%3,4 660,000 737,550 3.50% due 03/30/51 280,000 292,144 JPMorgan Chase & Co. 4.70% due 09/20/47 50,000 60,618 3.65%3,4 250,000 250,350 Quicken Loans LLC / Quicken 2.96% due 05/13/313 230,000 241,864 Loans Company-Issuer, Inc. 4.49% due 03/24/313 200,000 237,091 3.88% due 03/01/315 350,000 350,721 GLP Capital Limited Partnership Nippon Life Insurance Co. / GLP Financing II, Inc. 2.75% due 01/21/513,5 350,000 343,000 5.30% due 01/15/29 300,000 349,500 Belrose Funding Trust 4.00% due 01/15/31 290,000 312,469 2.33% due 08/15/305 320,000 313,935 Liberty Mutual Group, Inc. Liberty Mutual Group, Inc. 4.30% due 02/01/61†††,5 700,000 641,729 3.95% due 05/15/605 280,000 307,924 Equitable Holdings, Inc. KKR Group Finance Company VIII LLC 4.95%3,4 550,000 598,125 3.50% due 08/25/505 290,000 303,669 Lincoln National Corp. Jefferies Group LLC 3.40% due 01/15/31 370,000 404,478 2.75% due 10/15/32 300,000 301,650 4.38% due 06/15/50 150,000 181,001 LPL Holdings, Inc. Intercontinental Exchange, Inc. 4.00% due 03/15/295 300,000 301,500 2.65% due 09/15/40 600,000 575,537 Everest Reinsurance Holdings, Inc. Fidelity National Financial, Inc. 3.50% due 10/15/50 280,000 298,821 3.40% due 06/15/30 300,000 323,272 UBS Group AG 2.45% due 03/15/31 230,000 229,284 2.10% due 02/11/323,5 300,000 294,233 Deloitte LLP SBA Communications Corp. 3.56% due 05/07/30††† 500,000 522,705 3.13% due 02/01/295 250,000 241,017 Iron Mountain, Inc. 3.88% due 02/15/27 50,000 51,345 5.25% due 07/15/305 250,000 264,645 Societe Generale S.A. 5.63% due 07/15/325 125,000 133,790 2.89% due 06/09/323,5 250,000 252,980 4.50% due 02/15/315 100,000 101,250 Assurant, Inc. Fairfax Financial Holdings Ltd. 2.65% due 01/15/32 250,000 249,598 3.38% due 03/03/315 450,000 469,479 FS KKR Capital Corp. Crown Castle International Corp. 2.63% due 01/15/27 250,000 247,757 2.90% due 04/01/41 250,000 243,418 Cushman & Wakefield US Borrower LLC 3.30% due 07/01/30 201,000 215,491 6.75% due 05/15/285 225,000 242,654 Host Hotels & Resorts, LP NFP Corp. 3.50% due 09/15/30 435,000 456,951 6.88% due 08/15/285 200,000 210,542 Global Atlantic Finance Co. Allianz SE 4.70% due 10/15/513,5 250,000 250,738 3.50%3,4,5 200,000 206,750 3.13% due 06/15/315 200,000 201,344 AmFam Holdings, Inc. OneAmerica Financial Partners, Inc. 2.81% due 03/11/315 200,000 204,982 4.25% due 10/15/505 410,000 425,426 Americo Life, Inc. Ares Finance Company II LLC 3.45% due 04/15/315 200,000 203,763 3.25% due 06/15/305 410,000 423,883 Macquarie Group Ltd. MetLife, Inc. 2.69% due 06/23/323,5 200,000 200,759 3.85%3,4 400,000 419,424 Safehold Operating Partnership, LP Standard Chartered plc 2.80% due 06/15/31 200,000 200,159 4.64% due 04/01/313,5 350,000 409,715 Hunt Companies, Inc. Alleghany Corp. 5.25% due 04/15/295 200,000 194,000 3.63% due 05/15/30 370,000 408,594 Alexandria Real Estate Equities, Inc. National Australia Bank Ltd. 4.90% due 12/15/30 150,000 182,926 2.99% due 05/21/315 400,000 406,586 Kemper Corp. United Wholesale Mortgage LLC 2.40% due 09/30/30 170,000 170,345 5.50% due 04/15/295 300,000 299,931 Raymond James Financial, Inc. 5.50% due 11/15/255 100,000 103,553 3.75% due 04/01/51 150,000 164,674 SCHEDULE OF INVESTMENTS (Unaudited)(continued) June 30, 2021 SERIES E (TOTAL RETURN BOND SERIES) FACE FACE ~ ~ AMOUNT VALUE AMOUNT VALUE Assured Guaranty US Holdings, Inc. Johns Hopkins University 3.15% due 06/15/31 150,000 $ 155,804 2.81% due 01/01/60 500,000 $ 501,486 Kennedy-Wilson, Inc. Quanta Services, Inc. 4.75% due 03/01/29 150,000 154,500 2.90% due 10/01/30 467,000 484,715 Bank of New York Mellon Corp. Children’s Hospital Corp. 4.70% 3,4 140,000 152,775 2.59% due 02/01/50 500,000 477,862 Goldman Sachs Group, Inc.

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