| Issuer-Description
| SHARES/
PRINCIPAL AMOUNT
| VALUE
|
| Software — 0.7%
|
|
|
b
| MSCI, Inc., 3.875% due 2/15/2031
| $ 2,500,000
| $ 2,280,350
|
b,e
| Open Text Corp., 3.875% due 12/1/2029
|
2,000,000
| 1,794,440
|
|
|
| 10,844,590
|
| Telecommunication Services — 0.3%
|
|
|
| Wireless Telecommunication Services — 0.3%
|
|
|
b,e
| Vmed O2 UK Financing I plc, 4.25% due 1/31/2031
|
2,000,000
| 1,752,800
|
|
|
| 1,752,800
|
| Utilities — 0.8%
|
|
|
| Electric Utilities — 0.8%
|
|
|
b,e
| AES Espana BV, 5.70% due 5/4/2028
|
2,000,000
|
1,831,240
|
e
| Comision Federal de Electricidad, 5.00% due 9/29/2036
|
3,530,000
| 3,144,806
|
|
|
| 4,976,046
|
| Total Corporate Bonds (Cost $108,964,056)
|
| 107,610,306
|
| Other Government — 0.4%
|
|
|
b,e
| Finance Department Government of Sharjah, 4.00% due 7/28/2050
| 3,500,000
| 2,331,000
|
| Total Other Government (Cost $2,310,158)
|
| 2,331,000
|
| U.S. Treasury Securities — 0.6%
|
|
|
| United States Treasury Inflation Indexed Bonds, 0.75%, 2/15/2042
| 4,084,890
| 3,319,199
|
| Total U.S. Treasury Securities (Cost $3,322,374)
|
| 3,319,199
|
| U.S. Government Agencies — 0.2%
|
|
|
b,d,f
| Farm Credit Bank of Texas, Series 4, 5.70% (5-Yr. CMT + 5.42%), 9/15/2025
| 1,000,000
| 950,000
|
| Total U.S. Government Agencies (Cost $1,037,594)
|
| 950,000
|
| Mortgage Backed — 7.0%
|
|
|
b,d
| Barclays Mortgage Loan Trust, Whole Loan Securities Trust CMO, Series 2022-INV1 Class A3, 4.53% due 2/25/2062
|
1,734,875
| 1,610,843
|
| Citigroup Mortgage Loan Trust, Whole Loan Securities Trust CMO,
|
|
|
b,d
| Series 2021-J3 Class B4, 2.859% due 9/25/2051
|
350,000
|
160,803
|
b,d
| Series 2021-J3 Class B6, 2.859% due 9/25/2051
|
200,000
|
60,041
|
| CSMC Trust, CMBS,
|
|
|
b,d
| Series 2020-522F Class A, 9.215% (TSFR1M + 3.85%) due 9/16/2025
|
2,000,000
|
1,188,408
|
b,d
| Series 2021-BPNY Class A, 9.191% (TSFR1M + 3.83%) due 8/15/2026
|
2,000,000
|
1,756,175
|
| CSMC Trust, Whole Loan Securities Trust CMO,
|
|
|
b,d
| Series 2021-NQM8 Class M1, 3.256% due 10/25/2066
|
3,000,000
|
1,856,779
|
b,d
| Series 2022-NQM5 Class A3, 5.169% due 5/25/2067
|
1,489,543
|
1,420,209
|
| Federal Home Loan Mtg Corp.,
|
|
|
d
| Pool 760027, 4.38% (5-Yr. CMT + 1.380%) due 11/1/2047
|
311,018
|
301,853
|
d
| Pool 841463, 2.155% (2.18% - SOFR30A) due 7/1/2052
|
3,404,598
|
2,964,009
|
| Federal Home Loan Mtg Corp., UMBS Collateral, Pool SD8373, 6.00% due 11/1/2053
|
3,941,291
|
4,000,651
|
| Federal National Mtg Assoc.,
|
|
|
d
| Pool BJ2784, 4.975% (5-Yr. CMT + 1.600%) due 12/1/2047
|
146,024
|
144,491
|
d
| Pool BJ4423, 4.985% (5-Yr. CMT + 1.360%) due 1/1/2048
|
238,131
|
234,953
|
d
| Pool BK4138, 5.475% (5-Yr. CMT + 1.600%) due 4/1/2048
|
384,177
|
384,810
|
d
| Pool BN7152, 5.16% (H15T1Y + 2.16%) due 11/1/2047
|
367,875
|
370,285
|
d
| Pool BN7153, 4.41% (H15T1Y + 2.16%) due 4/1/2048
|
647,097
|
663,369
|
d
| Pool BP0632, 4.445% (H15T1Y + 2.07%) due 7/1/2049
|
113,047
|
112,887
|
d
| Pool CB2214, 1.539% (2.20% - SOFR30A) due 11/1/2051
|
2,767,528
|
2,464,518
|
| Federal National Mtg Assoc., UMBS Collateral, Pool MA5166 6.00% due 10/1/2053
|
1,365,254
|
1,385,816
|
b,d
| GCAT Trust, Whole Loan Securities Trust CMO, Series 2021-CM2 Class A1, 2.352% due 8/25/2066
|
925,387
|
845,450
|
b,d
| Homeward Opportunities Fund I Trust, Whole Loan Securities Trust CMO, Series 2020-2 Class B3, 5.467% due 5/25/2065
|
3,000,000
|
2,699,468
|
b,d
| Homeward Opportunities Fund Trust, Whole Loan Securities Trust CMO, Series 2022-1 A Class A1, 5.082% due 7/25/2067
|
1,358,254
|
1,325,502
|
b
| Houston Galleria Mall Trust, CMBS, Series 2015-HGLR Class A1A2, 3.087% due 3/5/2037
|
2,000,000
|
1,913,322
|
| JPMorgan Mortgage Trust, Whole Loan Securities Trust CMO,
|
|
|
b,d
| Series 2021-11 Class B5, 3.024% due 1/25/2052
|
712,426
|
455,089
|
b,d
| Series 2021-11 Class B6, 2.828% due 1/25/2052
|
852,715
|
362,748
|
b,d
| Series 2023-3 Class A4B, 5.50% due 10/25/2053
| 1,817,169
| 1,798,043
|