Schedule
of
Investments
California
Municipal
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
1
INVESTMENT
COMPANIES
-
0
.01
%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0
.01
%
Invesco
California
AMT-Free
Municipal
Bond
ETF
500
$
12
iShares
California
Muni
Bond
ETF
702
41
$
53
TOTAL
INVESTMENT
COMPANIES
$
53
MUNICIPAL
BONDS
-
101
.61
%
Principal
Amount
(000's)
Value
(000's)
California
-
97
.01
%
Alameda
Community
Improvement
Commission
Successor
Agency
(credit
support
from
Build
America
Mutual
Assurance
Corp
)
5.00%,
09/01/2031
(a)
$
1,000
$
1,013
Alameda
Corridor
Transportation
Authority
0.00%,
10/01/2047
(b)
1,750
951
5.00%,
10/01/2035
5,270
5,419
Alameda
Corridor
Transportation
Authority
(credit
support
from
Assured
Guaranty
Municipal
Corp
)
5.00%,
10/01/2043
(a),(c)
1,000
1,132
Alameda
Unified
School
District-Alameda
County/
CA
5.00%,
08/01/2032
1,795
1,864
Beverly
Hills
Unified
School
District
CA
3.00%,
08/01/2044
2,040
1,742
California
Community
Choice
Financing
Authority
4.00%,
08/01/2030
1,500
1,530
4.00%,
08/01/2031
1,245
1,259
4.00%,
02/01/2052
(d)
1,850
1,866
4.00%,
10/01/2052
(d)
6,115
6,129
4.00%,
05/01/2053
(d)
3,150
3,169
5.00%,
02/01/2054
(d)
5,000
5,368
California
County
Tobacco
Securitization
Agency
4.00%,
06/01/2049
1,485
1,416
California
Educational
Facilities
Authority
5.00%,
10/01/2036
1,000
1,034
5.00%,
10/01/2045
1,000
1,024
5.00%,
06/01/2046
3,000
3,732
5.00%,
05/01/2049
3,000
3,724
California
Health
Facilities
Financing
Authority
5.00%,
08/15/2031
2,700
2,850
5.00%,
08/15/2034
2,000
2,105
5.00%,
02/01/2035
2,000
2,037
5.00%,
06/01/2041
(d)
10,000
11,170
5.00%,
11/15/2046
4,500
4,668
5.00%,
11/15/2048
2,785
2,887
California
Housing
Finance
Agency
3.50%,
11/20/2035
9,480
8,932
4.25%,
01/15/2035
8,375
8,388
California
Housing
Finance
Agency
(credit
support
from
Federal
Home
Loan
Mortgage
Corporation
Collateral
)
3.75%,
03/25/2035
(a)
4,552
4,484
California
Infrastructure
&
Economic
Development
Bank
3.95%,
01/01/2050
(d),(e)
3,500
3,500
5.00%,
08/01/2036
2,250
2,505
5.00%,
08/01/2037
1,000
1,107
5.00%,
08/01/2038
1,175
1,295
5.00%,
08/01/2039
1,130
1,240
8.00%,
01/01/2050
(d),(e)
9,000
9,108
California
Municipal
Finance
Authority
2.40%,
10/01/2044
(d)
4,000
3,727
4.00%,
07/15/2029
11,700
11,681
4.00%,
10/01/2039
2,150
2,158
4.00%,
10/01/2046
1,930
1,800
4.38%,
09/01/2053
(d)
1,700
1,773
4.50%,
10/01/2045
(d)
1,000
1,000
5.00%,
05/15/2033
1,000
1,067
5.00%,
05/15/2034
1,000
1,065
5.00%,
12/31/2034
7,550
7,871
5.00%,
12/31/2036
8,000
8,275
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
California
(continued)
California
Municipal
Finance
Authority
(continued)
5.00%,
05/15/2038
$
2,000
$
2,094
5.00%,
10/01/2044
1,000
1,025
5.25%,
11/01/2036
2,100
2,125
California
Municipal
Finance
Authority
(credit
support
from
Build
America
Mutual
Assurance
Corp
)
4.00%,
05/15/2046
(a)
2,000
1,943
5.00%,
05/15/2031
(a)
400
446
5.00%,
05/15/2043
(a)
600
629
5.00%,
05/15/2044
(a)
5,000
5,228
California
Municipal
Finance
Authority
(credit
support
from
Build
America
Mutual
Assurance
Corp
-
Transfer
Custodial
Receipt
)
5.00%,
05/15/2031
(a)
10,000
10,769
California
Pollution
Control
Financing
Authority
3.00%,
11/01/2025
11,380
11,313
3.25%,
12/01/2027
(d)
2,000
1,991
3.38%,
07/01/2025
2,000
2,002
4.30%,
07/01/2040
3,600
3,604
5.00%,
07/01/2029
(e)
1,000
1,047
5.00%,
07/01/2029
(e)
1,000
1,067
5.00%,
07/01/2030
(e)
2,000
2,010
5.00%,
07/01/2030
(e)
565
607
5.00%,
07/01/2031
(e)
1,000
1,082
5.00%,
07/01/2037
(e)
11,000
11,010
5.00%,
07/01/2039
(e)
8,500
8,761
5.00%,
11/21/2045
(e)
2,250
2,290
California
Public
Finance
Authority
5.00%,
11/15/2036
(e)
275
248
5.00%,
11/15/2046
(e)
500
411
5.00%,
11/15/2051
(e)
250
199
5.00%,
11/15/2056
(e)
750
586
California
School
Finance
Authority
5.00%,
07/01/2035
(e)
1,925
1,954
5.00%,
08/01/2038
(e)
1,000
1,028
California
State
Public
Works
Board
5.00%,
10/01/2039
4,500
4,538
California
State
University
5.00%,
11/01/2037
2,000
2,129
California
Statewide
Communities
Development
Authority
3.00%,
06/01/2029
(e)
750
693
3.80%,
08/01/2034
(d)
1,100
1,100
4.00%,
09/02/2029
1,000
1,017
4.00%,
07/01/2048
1,800
1,805
5.00%,
10/01/2028
1,875
1,917
5.00%,
11/01/2032
(e)
1,135
1,161
5.00%,
05/15/2034
5,210
5,315
5.00%,
06/01/2034
(e)
375
382
5.00%,
09/02/2034
1,000
1,073
5.00%,
12/01/2036
(e)
5,000
5,084
5.00%,
09/02/2038
3,000
3,135
5.00%,
06/01/2039
(e)
475
473
5.00%,
09/02/2039
745
780
5.00%,
09/02/2039
900
935
5.00%,
09/02/2039
945
1,001
5.00%,
05/15/2040
3,840
3,876
5.00%,
09/02/2040
1,000
1,030
5.00%,
12/01/2041
(e)
4,040
4,051
5.00%,
09/02/2044
1,425
1,471
5.00%,
09/02/2048
940
974
5.00%,
09/02/2049
600
620
5.00%,
06/01/2051
(e)
1,950
1,821
5.25%,
12/01/2034
3,500
3,528
5.25%,
12/01/2038
(e)
1,000
1,031
5.25%,
12/01/2043
(e)
3,825
3,922
Schedule
of
Investments
California
Municipal
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
2
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
California
(continued)
California
Statewide
Communities
Development
Authority
(credit
support
from
Build
America
Mutual
Assurance
Corp
)
4.00%,
05/15/2036
(a)
$
3,000
$
3,107
California
Statewide
Financing
Authority
6.00%,
05/01/2043
2,050
2,097
6.00%,
05/01/2043
1,550
1,586
Chino
Valley
Unified
School
District
5.00%,
08/01/2055
(f)
6,570
7,092
5.25%,
08/01/2047
2,000
2,118
City
of
Compton
CA
Water
Revenue
6.00%,
08/01/2039
1,250
1,253
City
of
Irvine
CA
4.00%,
09/02/2038
1,000
1,003
5.00%,
09/01/2049
2,000
2,009
City
of
Long
Beach
CA
Airport
System
Revenue
(credit
support
from
Assured
Guaranty
Municipal
Corp
)
5.25%,
06/01/2047
(a)
3,600
3,893
City
of
Los
Angeles
CA
Wastewater
System
Revenue
5.00%,
06/01/2034
2,000
2,056
City
of
Los
Angeles
Department
of
Airports
3.25%,
05/15/2049
720
584
5.00%,
05/15/2026
1,000
1,017
5.00%,
05/15/2026
415
433
5.00%,
05/15/2026
3,085
3,196
5.00%,
05/15/2029
1,875
2,036
5.00%,
05/15/2036
1,500
1,521
5.00%,
05/15/2036
5,000
5,368
5.00%,
05/15/2036
235
266
5.00%,
05/15/2037
(f)
4,225
4,659
5.00%,
05/15/2042
(f)
3,500
3,583
5.00%,
05/15/2044
(f)
550
568
5.00%,
05/15/2044
(f)
3,100
3,170
5.00%,
05/15/2044
(f)
4,090
4,280
5.50%,
05/15/2040
(f)
5,000
5,656
City
of
Riverside
CA
Sewer
Revenue
5.00%,
08/01/2040
4,000
4,097
Coachella
Valley
Unified
School
District/CA
(credit
support
from
Assured
Guaranty
Municipal
Corp
)
0.00%,
08/01/2039
(a),(b)
4,000
2,165
Compton
Public
Finance
Authority
4.50%,
09/01/2032
(e)
8,000
7,960
County
of
Sacramento
CA
Airport
System
Revenue
5.00%,
07/01/2036
1,350
1,411
5.00%,
07/01/2037
2,000
2,088
CSCDA
Community
Improvement
Authority
5.00%,
01/01/2054
(e)
5,000
3,965
Dinuba
Redevelopment
Agency
(credit
support
from
Build
America
Mutual
Assurance
Corp
)
5.00%,
09/01/2033
(a)
2,000
2,031
East
Bay
Municipal
Utility
District
Water
System
Revenue
3.00%,
06/01/2037
10
10
Escondido
Union
High
School
District
0.00%,
08/01/2041
(b)
1,000
478
Foothill-Eastern
Transportation
Corridor
Agency
4.00%,
01/15/2046
6,000
5,865
Golden
State
Tobacco
Securitization
Corp
5.00%,
06/01/2026
1,000
1,054
5.00%,
06/01/2028
5,000
5,401
5.00%,
06/01/2051
5,035
5,270
Indio
Redevelopment
Agency
Successor
Agency
5.63%,
08/15/2035
295
296
Inland
Valley
Development
Agency
5.25%,
09/01/2037
1,000
1,001
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
California
(continued)
La
Verne
Public
Financing
Authority
7.25%,
09/01/2026
$
290
$
291
Long
Beach
Bond
Finance
Authority
5.00%,
11/15/2035
3,485
3,865
5.50%,
11/15/2030
1,010
1,118
Los
Angeles
County
Metropolitan
Transportation
Authority
Sales
Tax
Revenue
5.00%,
07/01/2038
1,695
1,971
5.00%,
07/01/2038
960
1,154
Los
Angeles
County
Public
Works
Financing
Authority
5.00%,
12/01/2033
2,000
2,079
Los
Angeles
County
Sanitation
Districts
Financing
Authority
5.00%,
10/01/2035
4,500
4,662
Los
Angeles
Department
of
Water
&
Power
5.00%,
07/01/2042
(f)
5,500
6,270
Los
Angeles
Unified
School
District/CA
5.00%,
07/01/2035
2,700
2,946
5.25%,
07/01/2042
8,350
9,000
Merced
Union
High
School
District
0.00%,
08/01/2032
(b)
3,380
2,574
Metropolitan
Water
District
of
Southern
California
5.00%,
07/01/2039
1,000
1,138
5.00%,
07/01/2040
5,000
5,659
5.00%,
10/01/2045
1,410
1,549
Mizuho
Floater/Residual
Trust
3.70%,
10/15/2037
(d),(e)
2,000
2,000
4.30%,
12/01/2026
(d),(e)
500
500
4.30%,
05/01/2031
(d),(e)
1,000
1,000
Mountain
View
Shoreline
Regional
Park
Community
(credit
support
from
Assured
Guaranty
Municipal
Corp
)
5.00%,
08/01/2048
(a)
3,000
3,162
M-S-R
Energy
Authority
6.13%,
11/01/2029
1,975
2,130
Norco
Community
Redevelopment
Agency
Successor
Agency
(credit
support
from
Build
America
Mutual
Assurance
Corp
)
5.00%,
03/01/2032
(a)
1,000
1,002
Norman
Y
Mineta
San
Jose
International
Airport
SJC
5.00%,
03/01/2047
6,000
6,072
5.00%,
03/01/2047
1,500
1,562
Nuveen
California
AMT-Free
Quality
Municipal
Income
Fund
5.00%,
10/01/2047
(d),(e)
14,000
14,000
Oakland
Unified
School
District/Alameda
County
5.00%,
08/01/2040
3,400
3,515
Oakland
Unified
School
District/Alameda
County
(credit
support
from
Assured
Guaranty
Municipal
Corp
)
4.00%,
08/01/2037
(a)
1,505
1,550
Pittsburg
Successor
Agency
Redevelopment
Agency
(credit
support
from
Assured
Guaranty
Municipal
Corp
)
5.00%,
09/01/2028
(a)
1,000
1,046
5.00%,
09/01/2029
(a)
1,000
1,047
Port
Commission
of
the
City
&
County
of
San
Francisco
4.00%,
03/01/2035
1,000
1,000
Port
of
Los
Angeles
5.00%,
08/01/2025
1,210
1,245
5.00%,
08/01/2032
1,740
1,748
Poway
Unified
School
District
0.00%,
08/01/2036
(b)
4,000
2,600
Schedule
of
Investments
California
Municipal
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
3
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
California
(continued)
Regents
of
the
University
of
California
Medical
Center
Pooled
Revenue
5.00%,
05/15/2035
$
4,540
$
4,789
Rialto
Redevelopment
Agency
5.00%,
09/01/2037
1,000
1,074
Richmond
Joint
Powers
Financing
Authority
(credit
support
from
Assured
Guaranty
Municipal
Corp
)
5.00%,
11/01/2035
(a)
1,180
1,317
5.00%,
11/01/2037
(a)
3,660
4,027
Riverside
County
Public
Financing
Authority
(credit
support
from
Build
America
Mutual
Assurance
Corp
)
5.00%,
10/01/2029
(a)
1,500
1,553
Riverside
County
Transportation
Commission
4.00%,
06/01/2037
1,875
1,933
4.00%,
06/01/2046
2,980
2,951
Sacramento
Area
Flood
Control
Agency
5.00%,
10/01/2033
2,000
2,128
Salinas
Valley
Solid
Waste
Authority
(credit
support
from
Assured
Guaranty
Municipal
Corp
)
5.50%,
08/01/2031
(a)
3,250
3,288
San
Diego
Association
of
Governments
South
Bay
Expressway
Revenue
5.00%,
07/01/2036
1,500
1,599
5.00%,
07/01/2037
2,300
2,442
San
Diego
County
Regional
Airport
Authority
4.00%,
07/01/2038
10,815
11,253
5.00%,
07/01/2025
955
976
5.00%,
07/01/2039
2,000
2,189
5.00%,
07/01/2042
5,000
5,115
San
Diego
Public
Facilities
Financing
Authority
4.00%,
08/01/2045
1,000
1,015
San
Diego
Unified
School
District/CA
4.00%,
07/01/2038
2,120
2,194
San
Francisco
Bay
Area
Rapid
Transit
District
Sales
Tax
Revenue
4.00%,
07/01/2036
3,035
3,145
4.00%,
07/01/2039
2,075
2,112
San
Francisco
City
&
County
Airport
Comm-San
Francisco
International
Airport
5.00%,
05/01/2031
1,000
1,053
5.00%,
05/01/2035
1,000
1,075
5.00%,
05/01/2036
3,000
3,213
5.50%,
05/01/2043
4,000
4,501
San
Joaquin
Hills
Transportation
Corridor
Agency
5.00%,
01/15/2034
7,800
7,954
San
Luis
Obispo
County
Financing
Authority
(credit
support
from
Assured
Guaranty
Municipal
Corp
)
5.00%,
08/01/2030
(a)
1,000
1,002
San
Luis
Obispo
County
Financing
Authority
(credit
support
from
Build
America
Mutual
Assurance
Corp
)
5.00%,
09/01/2037
(a)
1,000
1,033
San
Ramon
Valley
Fire
Protection
District
4.00%,
08/01/2050
680
686
Santa
Monica-Malibu
Unified
School
District
4.00%,
08/01/2038
2,975
3,038
4.00%,
08/01/2039
1,510
1,537
Southern
California
Public
Power
Authority
5.00%,
11/01/2028
2,150
2,260
5.00%,
11/01/2029
2,725
2,885
State
of
California
5.00%,
09/01/2028
5,030
5,583
5.00%,
09/01/2034
5,000
5,257
State
of
California
(credit
support
from
Assured
Guaranty
Municipal
Corp
)
5.25%,
08/01/2032
(a)
5,000
5,988
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
California
(continued)
Tender
Option
Bond
Trust
Receipts/Certificates
4.15%,
04/01/2043
(d),(e)
$
1,000
$
1,000
4.15%,
04/01/2043
(d),(e)
1,000
1,000
Tobacco
Securitization
Authority
of
Southern
California
5.00%,
06/01/2035
1,500
1,629
5.00%,
06/01/2048
5,000
5,181
Transbay
Joint
Powers
Authority
5.00%,
10/01/2037
700
738
Travis
Unified
School
District
(credit
support
from
Assured
Guaranty
Municipal
Corp
)
5.00%,
09/01/2029
(a)
1,000
1,039
Tulare
County
Transportation
Authority
5.00%,
02/01/2029
1,000
1,000
University
of
California
4.00%,
05/15/2037
3,365
3,599
5.00%,
05/15/2044
705
708
Woodland-Davis
Clean
Water
Agency
(credit
support
from
Assured
Guaranty
Municipal
Corp
)
5.00%,
03/01/2039
(a)
1,500
1,557
$
594,110
Guam
-
1
.49
%
Guam
Government
Waterworks
Authority
5.00%,
07/01/2040
7,890
8,115
Port
Authority
of
Guam
5.00%,
07/01/2048
1,000
1,020
$
9,135
Puerto
Rico
-
2
.06
%
Commonwealth
of
Puerto
Rico
0.00%,
07/01/2024
(b)
66
65
0.00%,
07/01/2033
(b)
526
335
0.00%,
11/01/2043
(b),(d)
1,806
1,000
4.00%,
07/01/2033
5,500
5,336
4.00%,
07/01/2037
316
296
4.00%,
07/01/2041
429
391
4.00%,
07/01/2046
446
396
5.38%,
07/01/2025
456
463
5.63%,
07/01/2027
451
477
5.63%,
07/01/2029
444
481
5.75%,
07/01/2031
431
480
Puerto
Rico
Sales
Tax
Financing
Corp
Sales
Tax
Revenue
4.50%,
07/01/2034
2,888
2,900
$
12,620
Virgin
Islands
-
1
.05
%
Matching
Fund
Special
Purpose
Securitization
Corp
5.00%,
10/01/2039
6,250
6,409
TOTAL
MUNICIPAL
BONDS
$
622,274
Total
Investments
$
622,327
Liability
for
Floating
Rate
Notes
Issued
in
Conjunction
with
Securities
Held
-
(3.63)%
Notes
with
interest
rates
of
4.56%
-
4.60%
at
January
31,
2024
and
contractual
maturities
of
collateral
of
2027-2030.
(g)
$
(
22,240
)
(
22,240
)
Total
Net
Investments
$
600,087
Other
Assets
and
Liabilities
- 2.01%
12,331
TOTAL
NET
ASSETS
-
100.00%
$
612,418
(a)
Credit
support
indicates
investments
that
benefit
from
credit
enhancement
or
liquidity
support
provided
by
a
third
party
bank,
institution,
or
government
agency.
(b)
Non-income
producing
security
(c)
Security
purchased
on
a
when-issued
basis.
(d)
Certain
variable
rate
securities
are
not
based
on
a
published
reference
rate
and
spread
but
are
determined
by
the
issuer
or
agent
and
are
based
on
current
market
conditions. These
securities
do
not
indicate
a
reference
rate
and
spread
in
their
description.
Rate
shown
is
the
rate
in
effect
as
of
period
end.
Schedule
of
Investments
California
Municipal
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
4
(e)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$94,951
or
15.50%
of
net
assets.
(f)
Security
or
portion
of
underlying
security
related
to
Inverse
Floaters
entered
into
by
the
fund.
(g)
Floating
rate
securities.
The
interest
rate(s)
shown
reflect
the
rates
in
effect
at
January
31,
2024.
Portfolio
Summary
Sector
Percent
Revenue
Bonds
70
.44
%
Insured
10
.67
%
General
Obligation
Unlimited
9
.27
%
Prerefunded
5
.40
%
Special
Assessment
2
.48
%
Tax-exempt
Preferreds
2
.29
%
Tax
Allocation
0
.46
%
Special
Tax
0
.33
%
Notes
0
.16
%
Certificate
Participation
0
.11
%
Exchange-Traded
Funds
0
.01
%
Liability
For
Floating
Rate
Notes
Issued
(
3
.63
)
%
Other
Assets
and
Liabilities
2
.01
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
Core
Fixed
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
5
INVESTMENT
COMPANIES
-
1
.19
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
1
.19
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
5.21%
(a),(b)
6,309,592
$
6,310
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(a),(b),(c)
117,609,335
117,609
$
123,919
TOTAL
INVESTMENT
COMPANIES
$
123,919
COMMON
STOCKS
-
0
.23
%
Shares
Held
Value
(000's)
Transportation
-
0
.23
%
Trailer
Bridge
Inc
(d),(e)
178,279
$
24,212
TOTAL
COMMON
STOCKS
$
24,212
BONDS
-
53
.50
%
Principal
Amount
(000's)
Value
(000's)
Airlines
-
0
.56
%
Alaska
Airlines
2020-1
Class
A
Pass
Through
Trust
4.80%,
02/15/2029
(f)
$
22,945
$
22,423
Delta
Air
Lines
Inc
/
SkyMiles
IP
Ltd
4.75%,
10/20/2028
(f)
24,492
24,118
United
Airlines
2013-1
Class
A
Pass
Through
Trust
4.30%,
02/15/2027
5,328
5,196
United
Airlines
2019-2
Class
AA
Pass
Through
Trust
2.70%,
11/01/2033
7,501
6,427
$
58,164
Apparel
-
0
.13
%
Under
Armour
Inc
3.25%,
06/15/2026
14,750
13,875
Automobile
Asset
Backed
Securities
-
2
.13
%
BMW
Vehicle
Owner
Trust
2023-A
5.77%,
04/27/2026
24,000
24,016
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.43%
Carvana
Auto
Receivables
Trust
2021-P4
1.31%,
01/11/2027
12,976
12,603
Ford
Credit
Auto
Owner
Trust
2022-B
5.95%,
02/15/2025
570
570
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.60%
Ford
Credit
Auto
Owner
Trust
2022-C
5.87%,
04/15/2025
6,952
6,953
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.52%
Ford
Credit
Auto
Owner
Trust
2023-A
6.07%,
03/15/2026
9,647
9,668
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.72%
GM
Financial
Consumer
Automobile
Receivables
Trust
2022-3
5.95%,
09/16/2025
5,496
5,497
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.60%
GM
Financial
Consumer
Automobile
Receivables
Trust
2022-4
6.00%,
11/17/2025
14,478
14,486
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.65%
GM
Financial
Consumer
Automobile
Receivables
Trust
2023-1
5.97%,
03/16/2026
11,450
11,464
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.62%
GM
Financial
Consumer
Automobile
Receivables
Trust
2023-4
5.88%,
11/16/2026
45,000
45,026
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.53%
Tesla
Electric
Vehicle
Trust
2023-1
5.87%,
12/21/2026
(f)
35,000
35,021
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.52%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Automobile
Asset
Backed
Securities
(continued)
Toyota
Auto
Receivables
2022-C
Owner
Trust
5.92%,
08/15/2025
$
4,833
$
4,834
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.57%
Toyota
Auto
Receivables
2023-C
Owner
Trust
5.75%,
08/17/2026
28,500
28,493
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.40%
Toyota
Auto
Receivables
2024-A
Owner
Trust
5.69%,
12/15/2026
24,000
24,005
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.35%
$
222,636
Automobile
Floor
Plan
Asset
Backed
Securities
-
0
.19
%
Ford
Credit
Floorplan
Master
Owner
Trust
A
6.60%,
05/15/2028
(f)
20,000
20,129
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
1.25%
Automobile
Manufacturers
-
0
.75
%
American
Honda
Finance
Corp
0.55%,
07/12/2024
15,000
14,675
2.30%,
09/09/2026
7,000
6,625
4.75%,
01/12/2026
9,000
9,020
5.80%,
10/03/2025
47,000
47,778
$
78,098
Banks
-
8
.59
%
Bank
of
America
Corp
2.46%,
10/22/2025
(g)
35,000
34,182
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.13%
3.19%,
07/23/2030
(g)
8,000
7,299
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.44%
3.88%,
08/01/2025
10,000
9,872
3.97%,
02/07/2030
(g)
8,000
7,633
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.47%
5.08%,
01/20/2027
(g)
20,000
20,003
Secured
Overnight
Financing
Rate
+
1.29%
Bank
of
New
York
Mellon
Corp/The
1.65%,
01/28/2031
10,000
8,201
2.10%,
10/24/2024
50,000
48,911
2.80%,
05/04/2026
8,000
7,684
3.00%,
10/30/2028
9,000
8,384
Citigroup
Inc
2.98%,
11/05/2030
(g)
51,000
45,768
Secured
Overnight
Financing
Rate
+
1.42%
3.88%,
03/26/2025
23,000
22,651
4.45%,
09/29/2027
8,000
7,843
6.08%,
10/30/2024
9,000
9,014
Secured
Overnight
Financing
Rate
+
0.69%
Cullen/Frost
Bankers
Inc
4.50%,
03/17/2027
11,000
10,592
Fifth
Third
Bancorp
2.38%,
01/28/2025
59,000
57,277
Goldman
Sachs
Group
Inc/The
1.99%,
01/27/2032
(g)
15,000
12,208
Secured
Overnight
Financing
Rate
+
1.09%
3.50%,
11/16/2026
21,000
20,297
3.81%,
04/23/2029
(g)
13,000
12,379
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.42%
4.25%,
10/21/2025
23,500
23,165
Schedule
of
Investments
Core
Fixed
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
6
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
JPMorgan
Chase
&
Co
1.05%,
11/19/2026
(g)
$
9,000
$
8,368
Secured
Overnight
Financing
Rate
+
0.80%
2.53%,
11/19/2041
(g)
9,000
6,423
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.51%
2.74%,
10/15/2030
(g)
47,000
41,840
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.51%
3.63%,
05/13/2024
15,900
15,817
3.90%,
07/15/2025
8,000
7,898
KeyCorp
2.25%,
04/06/2027
30,000
27,120
2.55%,
10/01/2029
50,000
43,002
Morgan
Stanley
0.86%,
10/21/2025
(g)
7,500
7,245
Secured
Overnight
Financing
Rate
+
0.75%
1.79%,
02/13/2032
(g)
10,000
8,028
Secured
Overnight
Financing
Rate
+
1.03%
1.93%,
04/28/2032
(g)
6,250
5,042
Secured
Overnight
Financing
Rate
+
1.02%
2.70%,
01/22/2031
(g)
38,000
33,389
Secured
Overnight
Financing
Rate
+
1.14%
2.72%,
07/22/2025
(g)
12,000
11,834
Secured
Overnight
Financing
Rate
+
1.15%
3.95%,
04/23/2027
10,000
9,732
4.00%,
07/23/2025
5,000
4,936
5.12%,
02/01/2029
(g)
18,000
18,066
Secured
Overnight
Financing
Rate
+
1.73%
6.25%,
08/09/2026
4,000
4,132
PNC
Bank
NA
2.70%,
10/22/2029
53,000
46,888
2.95%,
02/23/2025
10,000
9,773
3.10%,
10/25/2027
4,750
4,472
PNC
Financial
Services
Group
Inc/The
2.31%,
04/23/2032
(g)
15,000
12,456
Secured
Overnight
Financing
Rate
+
0.98%
Truist
Bank
2.64%,
09/17/2029
(g)
52,000
49,227
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.15%
3.30%,
05/15/2026
5,000
4,792
Truist
Financial
Corp
1.27%,
03/02/2027
(g)
5,500
5,068
Secured
Overnight
Financing
Rate
+
0.61%
US
Bancorp
2.49%,
11/03/2036
(g)
29,000
22,751
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
0.95%
3.00%,
07/30/2029
6,000
5,418
3.15%,
04/27/2027
3,800
3,608
3.60%,
09/11/2024
12,000
11,851
3.90%,
04/26/2028
5,000
4,837
4.84%,
02/01/2034
(g)
25,000
24,031
Secured
Overnight
Financing
Rate
+
1.60%
US
Bank
NA/Cincinnati
OH
2.80%,
01/27/2025
7,000
6,845
Wells
Fargo
&
Co
2.41%,
10/30/2025
(g)
32,000
31,257
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.09%
2.88%,
10/30/2030
(g)
32,000
28,499
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.43%
$
898,008
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Beverages
-
0
.53
%
Anheuser-Busch
Cos
LLC
/
Anheuser-Busch
InBev
Worldwide
Inc
4.70%,
02/01/2036
$
34,000
$
33,587
Anheuser-Busch
InBev
Worldwide
Inc
4.90%,
01/23/2031
21,000
21,557
$
55,144
Biotechnology
-
2
.13
%
Amgen
Inc
1.65%,
08/15/2028
20,000
17,670
2.20%,
02/21/2027
11,500
10,716
2.45%,
02/21/2030
40,000
35,428
5.25%,
03/02/2033
19,000
19,383
Biogen
Inc
2.25%,
05/01/2030
65,000
55,407
Gilead
Sciences
Inc
1.20%,
10/01/2027
19,000
16,924
2.60%,
10/01/2040
19,000
13,827
3.50%,
02/01/2025
10,000
9,833
3.65%,
03/01/2026
21,000
20,533
5.25%,
10/15/2033
(h)
22,000
22,834
$
222,555
Chemicals
-
0
.74
%
Air
Liquide
Finance
SA
2.25%,
09/10/2029
(f)
24,000
21,576
Westlake
Corp
2.88%,
08/15/2041
15,000
10,499
3.38%,
06/15/2030
4,500
4,111
3.60%,
08/15/2026
43,000
41,615
$
77,801
Commercial
Services
-
0
.75
%
ERAC
USA
Finance
LLC
4.60%,
05/01/2028
(f)
38,500
38,308
7.00%,
10/15/2037
(f)
13,000
15,188
United
Rentals
North
America
Inc
6.00%,
12/15/2029
(f)
24,000
24,329
$
77,825
Computers
-
0
.98
%
Apple
Inc
1.13%,
05/11/2025
10,000
9,575
2.05%,
09/11/2026
30,000
28,275
2.38%,
02/08/2041
20,000
14,577
3.20%,
05/11/2027
13,000
12,564
3.25%,
02/23/2026
13,000
12,698
4.15%,
05/10/2030
24,500
24,517
$
102,206
Credit
Card
Asset
Backed
Securities
-
0
.53
%
CARDS
II
Trust
0.60%,
04/15/2027
(f)
55,500
54,916
Diversified
Financial
Services
-
0
.59
%
Jefferies
Financial
Group
Inc
2.63%,
10/15/2031
30,000
24,937
2.75%,
10/15/2032
8,000
6,565
4.15%,
01/23/2030
19,000
17,960
4.85%,
01/15/2027
1,750
1,752
6.25%,
01/15/2036
10,325
10,909
$
62,123
Electric
-
8
.88
%
AEP
Transmission
Co
LLC
3.15%,
09/15/2049
24,000
16,748
5.40%,
03/15/2053
23,000
23,431
Alabama
Power
Co
1.45%,
09/15/2030
25,000
20,482
3.13%,
07/15/2051
19,000
13,376
3.45%,
10/01/2049
42,000
31,650
Alliant
Energy
Finance
LLC
1.40%,
03/15/2026
(f)
4,500
4,116
5.95%,
03/30/2029
(f)
10,000
10,399
Schedule
of
Investments
Core
Fixed
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
7
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
American
Electric
Power
Co
Inc
1.00%,
11/01/2025
$
11,450
$
10,672
Berkshire
Hathaway
Energy
Co
2.85%,
05/15/2051
23,000
15,344
4.05%,
04/15/2025
10,000
9,901
Black
Hills
Corp
2.50%,
06/15/2030
15,000
12,668
3.05%,
10/15/2029
39,500
35,431
3.15%,
01/15/2027
7,500
7,132
4.35%,
05/01/2033
8,000
7,448
Dayton
Power
&
Light
Co/The
3.95%,
06/15/2049
14,000
10,518
Entergy
Corp
2.40%,
06/15/2031
24,000
20,131
Entergy
Louisiana
LLC
2.90%,
03/15/2051
18,500
12,101
3.25%,
04/01/2028
12,000
11,320
4.20%,
09/01/2048
31,000
25,851
Florida
Power
&
Light
Co
2.85%,
04/01/2025
(h)
3,000
2,937
2.88%,
12/04/2051
20,000
13,547
3.15%,
10/01/2049
25,000
18,042
5.05%,
04/01/2028
14,500
14,848
Interstate
Power
and
Light
Co
2.30%,
06/01/2030
9,500
8,122
3.50%,
09/30/2049
66,000
47,912
Louisville
Gas
and
Electric
Co
3.30%,
10/01/2025
3,000
2,931
Metropolitan
Edison
Co
4.30%,
01/15/2029
(f)
14,000
13,639
Monongahela
Power
Co
3.55%,
05/15/2027
(f)
20,000
19,133
5.85%,
02/15/2034
(f)
10,500
10,954
Nevada
Power
Co
2.40%,
05/01/2030
20,500
17,797
NextEra
Energy
Capital
Holdings
Inc
2.75%,
11/01/2029
51,000
45,659
Northern
States
Power
Co/MN
2.90%,
03/01/2050
18,500
12,681
5.10%,
05/15/2053
28,500
28,250
Oncor
Electric
Delivery
Co
LLC
0.55%,
10/01/2025
13,000
12,141
2.70%,
11/15/2051
15,000
9,662
2.95%,
04/01/2025
7,000
6,844
3.10%,
09/15/2049
33,500
23,954
4.10%,
11/15/2048
5,000
4,244
5.65%,
11/15/2033
24,000
25,427
5.75%,
03/15/2029
21,000
22,113
PacifiCorp
5.25%,
06/15/2035
5,750
5,723
5.35%,
12/01/2053
34,000
32,159
6.25%,
10/15/2037
2,500
2,664
PPL
Electric
Utilities
Corp
3.00%,
10/01/2049
17,000
11,995
4.85%,
02/15/2034
19,000
19,058
5.25%,
05/15/2053
47,000
47,355
Public
Service
Co
of
Colorado
1.88%,
06/15/2031
11,500
9,424
3.20%,
03/01/2050
15,000
10,507
Solar
Star
Funding
LLC
3.95%,
06/30/2035
(f)
4,943
4,515
5.38%,
06/30/2035
(f)
17,782
17,571
Southwestern
Electric
Power
Co
1.65%,
03/15/2026
24,000
22,437
2.75%,
10/01/2026
10,000
9,425
3.85%,
02/01/2048
12,500
9,401
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
Tucson
Electric
Power
Co
3.05%,
03/15/2025
$
2,000
$
1,954
3.25%,
05/01/2051
18,000
12,331
4.85%,
12/01/2048
7,000
6,372
Xcel
Energy
Inc
2.60%,
12/01/2029
32,000
28,600
3.50%,
12/01/2049
24,000
17,439
$
928,486
Electronics
-
0
.42
%
Keysight
Technologies
Inc
3.00%,
10/30/2029
48,000
43,358
Environmental
Control
-
0
.71
%
Republic
Services
Inc
1.75%,
02/15/2032
29,500
23,685
2.30%,
03/01/2030
16,500
14,445
3.20%,
03/15/2025
13,000
12,740
4.88%,
04/01/2029
23,500
23,795
$
74,665
Food
-
0
.19
%
Kraft
Heinz
Foods
Co
3.75%,
04/01/2030
21,000
19,938
Gas
-
0
.38
%
NiSource
Inc
2.95%,
09/01/2029
29,000
26,557
3.60%,
05/01/2030
14,000
13,047
$
39,604
Healthcare
-
Services
-
0
.49
%
HCA
Inc
4.13%,
06/15/2029
14,000
13,370
5.63%,
09/01/2028
2,000
2,038
7.50%,
11/06/2033
1,950
2,199
UnitedHealth
Group
Inc
2.00%,
05/15/2030
9,000
7,732
2.88%,
08/15/2029
15,000
13,802
3.50%,
08/15/2039
14,000
11,836
$
50,977
Insurance
-
1
.97
%
Berkshire
Hathaway
Finance
Corp
1.45%,
10/15/2030
36,500
30,518
1.85%,
03/12/2030
8,000
6,971
2.50%,
01/15/2051
12,500
8,111
2.85%,
10/15/2050
30,500
21,068
Fidelity
National
Financial
Inc
3.40%,
06/15/2030
32,000
28,662
4.50%,
08/15/2028
39,500
38,437
First
American
Financial
Corp
2.40%,
08/15/2031
22,000
17,512
4.00%,
05/15/2030
28,000
25,401
4.60%,
11/15/2024
5,000
4,957
Prudential
Financial
Inc
2.10%,
03/10/2030
23,000
20,131
3.88%,
03/27/2028
4,550
4,429
$
206,197
Internet
-
0
.84
%
Amazon.com
Inc
2.80%,
08/22/2024
44,000
43,398
2.88%,
05/12/2041
20,000
15,527
4.05%,
08/22/2047
32,650
29,136
$
88,061
Lodging
-
0
.96
%
Choice
Hotels
International
Inc
3.70%,
12/01/2029
42,000
37,360
3.70%,
01/15/2031
11,000
9,581
Marriott
International
Inc/MD
2.75%,
10/15/2033
36,000
29,669
Schedule
of
Investments
Core
Fixed
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
8
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Lodging
(continued)
Travel
+
Leisure
Co
4.50%,
12/01/2029
(f)
$
26,500
$
24,178
$
100,788
Media
-
1
.79
%
Comcast
Corp
2.65%,
02/01/2030
33,000
29,678
3.30%,
02/01/2027
10,000
9,662
3.95%,
10/15/2025
15,000
14,813
4.25%,
10/15/2030
4,500
4,404
4.65%,
02/15/2033
(h)
30,000
29,941
6.45%,
03/15/2037
1,800
2,029
Discovery
Communications
LLC
3.63%,
05/15/2030
9,000
8,156
4.13%,
05/15/2029
22,000
20,879
5.30%,
05/15/2049
13,000
11,263
Time
Warner
Cable
LLC
6.55%,
05/01/2037
7,400
7,386
6.75%,
06/15/2039
6,000
5,960
7.30%,
07/01/2038
7,750
8,126
Walt
Disney
Co/The
2.00%,
09/01/2029
28,000
24,661
6.40%,
12/15/2035
8,900
10,110
$
187,068
Oil
&
Gas
-
1
.35
%
BP
Capital
Markets
America
Inc
3.12%,
05/04/2026
10,000
9,673
3.41%,
02/11/2026
13,000
12,692
3.94%,
09/21/2028
13,000
12,666
4.70%,
04/10/2029
39,000
39,239
Canadian
Natural
Resources
Ltd
2.05%,
07/15/2025
9,000
8,609
3.80%,
04/15/2024
35,000
34,849
Marathon
Petroleum
Corp
5.13%,
12/15/2026
8,500
8,564
Phillips
66
1.30%,
02/15/2026
11,500
10,709
Suncor
Energy
Inc
4.00%,
11/15/2047
4,500
3,574
$
140,575
Oil
&
Gas
Services
-
0
.31
%
Schlumberger
Holdings
Corp
4.00%,
12/21/2025
(f)
33,000
32,501
Other
Asset
Backed
Securities
-
1
.77
%
PFS
Financing
Corp
0.00%,
01/15/2028
(f),(i),(j)
28,000
28,000
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.85%
0.71%,
04/15/2026
(f)
14,000
13,857
0.77%,
08/15/2026
(f)
39,000
37,984
5.95%,
02/15/2026
(f)
24,000
24,000
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.60%
Trafigura
Securitisation
Finance
PLC
2021-1
5.98%,
01/15/2025
(f)
37,500
37,202
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.64%
Verizon
Master
Trust
6.20%,
06/20/2029
43,500
43,767
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.85%
$
184,810
Packaging
&
Containers
-
0
.09
%
Sealed
Air
Corp
5.50%,
09/15/2025
(f)
2,000
2,003
6.88%,
07/15/2033
(f)
6,900
7,199
$
9,202
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pharmaceuticals
-
1
.21
%
Bristol-Myers
Squibb
Co
1.13%,
11/13/2027
$
12,500
$
11,107
1.45%,
11/13/2030
10,000
8,189
3.20%,
06/15/2026
13,124
12,728
3.40%,
07/26/2029
8,346
7,908
3.90%,
02/20/2028
10,500
10,309
5.90%,
11/15/2033
(h)
20,000
21,599
CVS
Health
Corp
1.30%,
08/21/2027
14,000
12,441
3.00%,
08/15/2026
17,000
16,287
4.30%,
03/25/2028
5,046
4,958
5.05%,
03/25/2048
23,000
21,087
$
126,613
Pipelines
-
1
.45
%
Buckeye
Partners
LP
3.95%,
12/01/2026
10,500
9,962
4.35%,
10/15/2024
8,000
7,868
Columbia
Pipeline
Group
Inc
4.50%,
06/01/2025
11,900
11,770
El
Paso
Natural
Gas
Co
LLC
7.50%,
11/15/2026
11,400
12,094
NGPL
PipeCo
LLC
3.25%,
07/15/2031
(f)
15,000
13,007
4.88%,
08/15/2027
(f)
43,000
42,246
Plains
All
American
Pipeline
LP
/
PAA
Finance
Corp
4.50%,
12/15/2026
13,500
13,375
Southeast
Supply
Header
LLC
4.25%,
06/15/2024
(f),(h)
14,650
14,383
Southern
Natural
Gas
Co
LLC
8.00%,
03/01/2032
(h)
4,750
5,581
Tennessee
Gas
Pipeline
Co
LLC
8.38%,
06/15/2032
2,000
2,344
TransCanada
PipeLines
Ltd
6.10%,
06/01/2040
7,000
7,355
7.25%,
08/15/2038
10,000
11,496
$
151,481
REITs
-
8
.38
%
Alexandria
Real
Estate
Equities
Inc
1.88%,
02/01/2033
13,000
9,999
2.00%,
05/18/2032
14,000
11,084
2.75%,
12/15/2029
14,500
12,878
3.38%,
08/15/2031
30,000
26,846
4.30%,
01/15/2026
9,900
9,769
4.75%,
04/15/2035
14,500
13,962
4.90%,
12/15/2030
4,250
4,219
American
Tower
Corp
1.88%,
10/15/2030
20,000
16,395
2.10%,
06/15/2030
3,000
2,520
2.40%,
03/15/2025
7,000
6,783
2.75%,
01/15/2027
53,000
49,987
2.95%,
01/15/2051
10,000
6,565
3.38%,
10/15/2026
5,000
4,803
American
Tower
Trust
#1
5.49%,
03/15/2028
(f)
14,000
14,189
Crown
Castle
Inc
2.25%,
01/15/2031
13,000
10,742
2.90%,
04/01/2041
30,000
21,457
3.10%,
11/15/2029
8,000
7,171
4.00%,
11/15/2049
17,000
13,283
4.30%,
02/15/2029
13,000
12,480
5.00%,
01/11/2028
18,000
17,909
CubeSmart
LP
2.00%,
02/15/2031
26,000
21,139
3.00%,
02/15/2030
18,000
16,004
4.00%,
11/15/2025
5,000
4,892
4.38%,
02/15/2029
2,000
1,946
Schedule
of
Investments
Core
Fixed
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
9
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
REITs
(continued)
Healthcare
Realty
Holdings
LP
2.40%,
03/15/2030
$
9,000
$
7,353
3.63%,
01/15/2028
3,500
3,232
3.88%,
05/01/2025
5,000
4,880
Healthpeak
OP
LLC
2.88%,
01/15/2031
7,000
6,073
3.00%,
01/15/2030
50,000
44,646
5.25%,
12/15/2032
14,000
14,033
Omega
Healthcare
Investors
Inc
3.38%,
02/01/2031
46,000
39,437
3.63%,
10/01/2029
32,000
28,542
4.75%,
01/15/2028
7,000
6,800
5.25%,
01/15/2026
8,000
7,966
Physicians
Realty
LP
2.63%,
11/01/2031
32,000
26,351
4.30%,
03/15/2027
22,400
21,895
Prologis
LP
2.88%,
11/15/2029
12,500
11,391
3.25%,
06/30/2026
5,000
4,846
3.38%,
12/15/2027
25,000
23,908
SBA
Tower
Trust
1.63%,
05/15/2051
(f)
46,000
41,201
2.33%,
07/15/2052
(f)
10,000
8,871
2.59%,
10/15/2056
(f)
20,500
16,560
2.84%,
01/15/2050
(f)
30,000
29,046
Simon
Property
Group
LP
2.00%,
09/13/2024
32,000
31,340
STORE
Capital
Corp
2.75%,
11/18/2030
18,500
14,704
4.63%,
03/15/2029
33,500
31,424
Ventas
Realty
LP
3.00%,
01/15/2030
8,000
7,104
3.85%,
04/01/2027
21,000
20,231
Welltower
OP
LLC
2.70%,
02/15/2027
12,000
11,324
2.75%,
01/15/2031
7,000
6,055
3.10%,
01/15/2030
23,000
20,820
4.13%,
03/15/2029
6,000
5,808
4.25%,
04/15/2028
4,000
3,917
Weyerhaeuser
Co
7.38%,
03/15/2032
11,281
13,029
WP
Carey
Inc
2.40%,
02/01/2031
21,000
17,655
3.85%,
07/15/2029
30,000
28,222
$
875,686
Semiconductors
-
0
.39
%
NVIDIA
Corp
2.00%,
06/15/2031
19,000
16,211
2.85%,
04/01/2030
14,000
12,860
3.50%,
04/01/2040
13,000
11,219
$
40,290
Software
-
0
.24
%
Oracle
Corp
2.95%,
05/15/2025
25,900
25,214
Telecommunications
-
1
.40
%
Corning
Inc
4.75%,
03/15/2042
4,650
4,289
5.45%,
11/15/2079
43,500
42,178
Crown
Castle
Towers
LLC
4.24%,
07/15/2048
(f)
16,000
15,172
Sprint
Spectrum
Co
LLC
/
Sprint
Spectrum
Co
II
LLC
/
Sprint
Spectrum
Co
III
LLC
5.15%,
03/20/2028
(f)
29,325
29,391
T-Mobile
USA
Inc
2.05%,
02/15/2028
10,000
9,023
2.55%,
02/15/2031
20,000
17,148
3.00%,
02/15/2041
39,000
29,143
$
146,344
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Transportation
-
0
.69
%
Ryder
System
Inc
2.90%,
12/01/2026
$
51,000
$
48,217
3.35%,
09/01/2025
25,000
24,320
$
72,537
Trucking
&
Leasing
-
0
.99
%
Penske
Truck
Leasing
Co
Lp
/
PTL
Finance
Corp
1.20%,
11/15/2025
(f)
22,000
20,473
1.70%,
06/15/2026
(f)
39,000
36,319
2.70%,
11/01/2024
(f)
28,000
27,369
3.45%,
07/01/2024
(f)
9,000
8,913
5.70%,
02/01/2028
(f)
10,000
10,219
$
103,293
TOTAL
BONDS
$
5,591,168
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
-
45
.06
%
Principal
Amount
(000's)
Value
(000's)
Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
-
0
.27
%
3.00%,
10/01/2042
$
4,061
$
3,707
3.00%,
11/01/2042
4,283
3,896
3.00%,
06/01/2043
4,018
3,652
3.00%,
12/01/2046
6,807
6,094
3.00%,
07/01/2047
4,914
4,389
3.50%,
03/01/2048
7,589
7,076
$
28,814
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
-
23
.41
%
2.00%,
10/01/2050
34,977
28,750
2.00%,
11/01/2050
34,983
28,812
2.00%,
12/01/2050
40,079
32,808
2.00%,
12/01/2050
40,351
33,018
2.50%,
09/01/2050
35,128
29,817
2.50%,
10/01/2050
35,776
30,301
2.50%,
10/01/2050
35,463
30,044
2.50%,
10/01/2050
35,470
30,080
2.50%,
11/01/2050
36,301
30,797
2.50%,
11/01/2050
35,700
30,297
2.50%,
11/01/2050
33,655
28,562
2.50%,
11/01/2050
34,874
29,755
2.50%,
11/01/2050
35,321
29,961
3.00%,
06/01/2042
13,603
12,390
3.00%,
08/01/2049
17,270
15,327
3.00%,
09/01/2049
12,727
11,269
3.00%,
10/01/2049
16,344
14,487
3.00%,
10/01/2049
13,397
11,880
3.00%,
10/01/2049
18,882
16,733
3.00%,
11/01/2049
15,747
13,945
3.00%,
11/01/2049
19,902
17,638
3.00%,
11/01/2049
13,170
11,736
3.00%,
03/01/2050
19,285
17,093
3.00%,
04/01/2050
20,982
18,577
3.00%,
09/01/2050
23,282
20,559
3.00%,
05/01/2052
17,764
15,739
3.50%,
06/01/2045
5,212
4,851
3.50%,
06/01/2046
13,929
13,015
3.50%,
08/01/2047
7,653
7,089
3.50%,
09/01/2047
32,208
29,793
3.50%,
12/01/2047
7,877
7,296
3.50%,
06/01/2049
29,676
27,490
3.50%,
07/01/2049
10,757
9,937
3.50%,
09/01/2049
29,187
26,980
3.50%,
09/01/2049
9,112
8,417
3.50%,
09/01/2049
8,776
8,107
3.50%,
11/01/2049
12,190
11,261
3.50%,
11/01/2049
13,682
12,762
3.50%,
12/01/2049
13,370
12,351
3.50%,
01/01/2050
38,643
35,695
3.50%,
02/01/2050
23,650
21,843
3.50%,
06/01/2050
23,025
21,281
3.50%,
08/01/2050
31,537
29,136
Schedule
of
Investments
Core
Fixed
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
10
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
(continued)
3.50%,
10/01/2050
$
29,900
$
27,551
3.50%,
01/01/2051
31,886
29,531
3.50%,
01/01/2051
22,407
20,691
3.50%,
04/01/2052
49,402
45,212
3.50%,
04/01/2052
36,513
33,352
4.00%,
11/01/2043
3,596
3,463
4.00%,
02/01/2044
8,516
8,196
4.00%,
09/01/2045
5,823
5,542
4.00%,
06/01/2046
11,656
11,216
4.00%,
10/01/2047
30,779
29,553
4.00%,
10/01/2048
8,928
8,577
4.00%,
03/01/2049
25,277
24,205
4.00%,
04/01/2049
27,928
26,750
4.00%,
06/01/2049
42,513
40,814
4.00%,
07/01/2049
6,455
6,137
4.00%,
08/01/2049
31,000
29,608
4.00%,
09/01/2049
5,661
5,416
4.00%,
10/01/2049
14,509
13,786
4.00%,
12/01/2049
23,730
22,812
4.00%,
01/01/2050
19,840
18,841
4.00%,
07/01/2050
44,656
42,613
4.00%,
02/01/2052
38,194
36,009
4.00%,
02/01/2052
36,605
34,472
4.00%,
02/01/2052
44,764
42,343
4.00%,
05/01/2052
45,404
42,923
4.00%,
05/01/2052
43,468
40,921
4.00%,
06/01/2052
36,996
34,974
4.50%,
06/01/2046
13,717
13,650
4.50%,
02/01/2049
6,297
6,180
4.50%,
07/01/2052
18,549
18,016
4.50%,
08/01/2052
38,090
37,187
4.50%,
08/01/2052
38,938
37,895
4.50%,
09/01/2052
39,470
38,549
4.50%,
09/01/2052
37,770
36,693
4.50%,
09/01/2052
38,103
37,082
4.50%,
10/01/2052
38,142
37,091
4.50%,
10/01/2052
24,568
23,875
4.50%,
11/01/2052
39,327
38,193
4.50%,
02/01/2053
38,218
36,972
5.00%,
09/01/2052
38,627
38,420
5.00%,
10/01/2052
37,031
36,829
5.00%,
10/01/2052
23,640
23,509
5.00%,
02/01/2053
37,812
37,807
5.00%,
03/01/2053
38,609
38,356
5.00%,
07/01/2053
38,836
38,686
5.00%,
09/01/2053
29,135
28,906
5.00%,
10/01/2053
44,802
44,367
5.50%,
02/01/2053
36,480
36,795
5.50%,
04/01/2053
38,756
39,272
5.50%,
07/01/2053
38,859
39,246
5.50%,
09/01/2053
39,264
39,661
5.50%,
09/01/2053
39,093
39,645
6.00%,
10/01/2053
39,071
40,185
$
2,446,254
Government
National
Mortgage
Association
(GNMA)
-
0
.11
%
3.00%,
02/20/2046
12,815
11,626
U.S.
Treasury
-
21
.27
%
0.63%,
08/15/2030
40,000
32,458
0.88%,
11/15/2030
40,000
32,873
1.13%,
02/28/2025
40,000
38,519
1.13%,
02/28/2027
40,000
36,719
1.13%,
02/15/2031
45,000
37,542
1.13%,
08/15/2040
60,000
37,704
1.25%,
08/31/2024
40,000
39,125
1.25%,
08/15/2031
45,000
37,245
1.25%,
05/15/2050
65,000
33,838
1.38%,
11/15/2031
45,000
37,354
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
U.S.
Treasury
(continued)
1.38%,
08/15/2050
$
65,000
$
34,973
1.50%,
09/30/2024
40,000
39,102
1.50%,
08/15/2026
40,000
37,530
1.50%,
02/15/2030
40,000
34,864
1.63%,
02/15/2026
40,000
38,000
1.63%,
08/15/2029
40,000
35,619
1.63%,
11/15/2050
60,000
34,549
1.75%,
11/15/2029
40,000
35,739
1.75%,
08/15/2041
55,000
37,750
1.88%,
02/15/2032
45,000
38,656
1.88%,
02/15/2051
60,000
36,825
1.88%,
11/15/2051
55,000
33,608
2.00%,
05/31/2024
40,000
39,578
2.00%,
11/15/2026
40,000
37,873
2.00%,
02/15/2050
55,000
35,112
2.00%,
08/15/2051
55,000
34,749
2.13%,
05/15/2025
40,000
38,816
2.25%,
11/15/2024
40,000
39,175
2.25%,
08/15/2027
40,000
37,770
2.25%,
11/15/2027
40,000
37,652
2.25%,
08/15/2046
55,000
38,335
2.25%,
08/15/2049
50,000
33,973
2.25%,
02/15/2052
55,000
36,917
2.38%,
02/29/2024
40,000
39,907
2.38%,
11/15/2049
50,000
34,906
2.38%,
05/15/2051
50,000
34,605
2.63%,
02/15/2029
40,000
37,691
2.75%,
02/15/2028
40,000
38,259
2.75%,
08/15/2032
40,000
36,542
2.75%,
08/15/2042
50,000
40,002
2.75%,
08/15/2047
50,000
38,129
2.88%,
07/31/2025
40,000
39,116
2.88%,
08/15/2028
40,000
38,314
2.88%,
05/15/2032
40,000
36,994
2.88%,
05/15/2049
45,000
34,900
2.88%,
05/15/2052
45,000
34,764
3.00%,
11/15/2045
50,000
40,437
3.00%,
08/15/2048
45,000
35,808
3.00%,
08/15/2052
45,000
35,685
3.13%,
11/15/2028
40,000
38,681
3.38%,
05/15/2033
40,000
38,231
3.50%,
02/15/2033
40,000
38,639
3.63%,
02/15/2044
40,000
36,181
3.63%,
02/15/2053
40,000
35,912
3.63%,
05/15/2053
40,000
35,944
3.75%,
11/15/2043
40,000
36,873
3.88%,
08/15/2033
40,000
39,763
4.00%,
11/15/2052
40,000
38,431
4.13%,
11/15/2032
35,000
35,459
4.50%,
11/15/2033
40,000
41,769
$
2,222,484
TOTAL
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
$
4,709,178
Total
Investments
$
10,448,477
Other
Assets
and
Liabilities
- 0.02%
2,171
TOTAL
NET
ASSETS
-
100.00%
$
10,450,648
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$26,060
or
0.25%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Schedule
of
Investments
Core
Fixed
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
11
(d)
The
value
of
these
investments
was
determined
using
significant
unobservable
inputs,
in
good
faith
by
the
Manager,
under
procedures
established
and
periodically
reviewed
by
the
Board
of
Directors.
(e)
Restricted
Security.
Please
see
Restricted
Securities
sub-schedule
for
additional
information.
(f)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$870,618
or
8.33%
of
net
assets.
(g)
Rate
shown
is
as
of
period
end.
The
rate
may
be
a
variable
or
floating
rate
or
a
fixed
rate
which
may
convert
to
a
variable
or
floating
rate
in
the
future.
(h)
Security
or
a
portion
of
the
security
was
on
loan. At
the
end
of
the
period,
the
value
of
these
securities
totaled
$25,175
or
0.24%
of
net
assets.
(i)
Security
purchased
on
a
when-issued
basis.
(j)
Non-income
producing
security
Portfolio
Summary
Sector
Percent
Mortgage
Securities
23
.79
%
Government
21
.27
%
Financial
19
.53
%
Utilities
9
.26
%
Consumer,
Non-cyclical
5
.30
%
Asset
Backed
Securities
4
.62
%
Communications
4
.03
%
Industrial
3
.13
%
Energy
3
.11
%
Consumer,
Cyclical
2
.40
%
Technology
1
.61
%
Money
Market
Funds
1
.19
%
Basic
Materials
0
.74
%
Other
Assets
and
Liabilities
0
.02
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
177,293
$
699,950
$
759,634
$
117,609
$
177,293
$
699,950
$
759,634
$
117,609
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
1,655
$
—
$
—
$
—
$
1,655
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Restricted
Securities
Security
Name
Acquisition
Date
Cost
Value
Percent
of
Net
Assets
Trailer
Bridge
Inc
05/07/2012-05/28/2019
$
21,314
$
24,212
0.23%
Total
$
24,212
0.23%
Amounts
in
thousands.
Schedule
of
Investments
Core
Plus
Bond
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
12
INVESTMENT
COMPANIES
-
2.43%
Shares
Held
Value
(000's)
Money
Market
Funds
-
2.43%
BlackRock
Liquidity
FedFund
-
Institutional
Class
5.21%
(a),(b)
2,706,088
$
2,706
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(a),(c)
11,507,648
11,508
$
14,214
TOTAL
INVESTMENT
COMPANIES
$
14,214
COMMON
STOCKS
-
0.01%
Shares
Held
Value
(000's)
Diversified
Financial
Services
-
0.00%
Avation
PLC
-
Warrants
(d)
3,500
$
1
Oil
&
Gas
-
0.00%
Mesquite
Energy
Inc
(d),(e)
407
29
Retail
-
0.01%
Claire's
Holdings
LLC
(d)
232
54
TOTAL
COMMON
STOCKS
$
84
PREFERRED
STOCKS
-
0.59%
Shares
Held
Value
(000's)
Sovereign
-
0.59%
CoBank
ACB
6.20%,
01/01/2025
(f)
35,000
$
3,434
3
Month
USD
LIBOR
+
3.74%
TOTAL
PREFERRED
STOCKS
$
3,434
BONDS
-
63.27%
Principal
Amount
(000's)
Value
(000's)
Aerospace
&
Defense
-
2.12%
Boeing
Co/The
1.95%,
02/01/2024
$
3,190
$
3,190
2.20%,
02/04/2026
2,780
2,618
3.75%,
02/01/2050
625
467
4.88%,
05/01/2025
845
840
Bombardier
Inc
7.13%,
06/15/2026
(g)
146
147
8.75%,
11/15/2030
(g)
265
278
L3Harris
Technologies
Inc
5.40%,
01/15/2027
625
638
Lockheed
Martin
Corp
5.70%,
11/15/2054
455
499
RTX
Corp
4.13%,
11/16/2028
1,700
1,657
5.75%,
01/15/2029
600
626
6.10%,
03/15/2034
310
337
TransDigm
Inc
4.88%,
05/01/2029
120
112
6.25%,
03/15/2026
(g)
15
15
7.50%,
03/15/2027
300
301
Triumph
Group
Inc
7.75%,
08/15/2025
165
165
9.00%,
03/15/2028
(g)
495
522
$
12,412
Agriculture
-
0.19%
BAT
International
Finance
PLC
5.93%,
02/02/2029
465
483
Reynolds
American
Inc
5.70%,
08/15/2035
635
622
$
1,105
Airlines
-
0.25%
American
Airlines
2021-1
Class
B
Pass
Through
Trust
3.95%,
01/11/2032
26
23
American
Airlines
Inc
8.50%,
05/15/2029
(g)
80
85
American
Airlines
Inc/AAdvantage
Loyalty
IP
Ltd
5.75%,
04/20/2029
(g)
40
39
Delta
Air
Lines
Inc
/
SkyMiles
IP
Ltd
4.50%,
10/20/2025
(g)
500
494
Hawaiian
Brand
Intellectual
Property
Ltd
/
HawaiianMiles
Loyalty
Ltd
5.75%,
01/20/2026
(g)
160
151
Southwest
Airlines
Co
5.25%,
05/04/2025
605
605
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Airlines
(continued)
United
Airlines
Inc
4.38%,
04/15/2026
(g)
$
75
$
72
$
1,469
Automobile
Asset
Backed
Securities
-
8.05%
Ally
Auto
Receivables
Trust
2022-2
4.62%,
10/15/2025
705
704
Ally
Auto
Receivables
Trust
2023-1
5.46%,
05/15/2028
1,360
1,376
AmeriCredit
Automobile
Receivables
Trust
2022-2
6.50%,
12/18/2025
517
517
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
1.15%
Americredit
Automobile
Receivables
Trust
2023-1
5.84%,
10/19/2026
1,671
1,673
AmeriCredit
Automobile
Receivables
Trust
2023-2
6.19%,
04/19/2027
1,815
1,822
Capital
One
Prime
Auto
Receivables
Trust
2022-1
2.71%,
06/16/2025
182
182
Carmax
Auto
Owner
Trust
2023-2
5.50%,
06/15/2026
1,150
1,150
Ford
Credit
Auto
Owner
Trust
2022-C
5.87%,
04/15/2025
491
491
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.52%
Ford
Credit
Auto
Owner
Trust
2023-A
5.14%,
03/15/2026
1,413
1,410
GM
Financial
Automobile
Leasing
Trust
2023-1
5.27%,
06/20/2025
560
560
GM
Financial
Automobile
Leasing
Trust
2023-3
5.38%,
11/20/2026
2,180
2,194
GM
Financial
Consumer
Automobile
Receivables
Trust
2023-1
5.19%,
03/16/2026
576
575
GM
Financial
Consumer
Automobile
Receivables
Trust
2023-2
5.10%,
05/18/2026
915
913
GM
Financial
Consumer
Automobile
Receivables
Trust
2023-3
5.45%,
06/16/2028
790
801
Honda
Auto
Receivables
2023-4
Owner
Trust
5.87%,
06/22/2026
4,060
4,088
Hyundai
Auto
Receivables
Trust
2023-A
5.19%,
12/15/2025
989
987
Mercedes-Benz
Auto
Receivables
Trust
2023-2
5.92%,
11/16/2026
1,950
1,963
Nissan
Auto
Lease
Trust
2023-B
5.69%,
07/15/2026
1,700
1,711
Nissan
Auto
Receivables
2022-B
Owner
Trust
4.50%,
08/15/2025
879
877
Santander
Drive
Auto
Receivables
Trust
2022-7
5.81%,
01/15/2026
244
244
Santander
Drive
Auto
Receivables
Trust
2023-1
5.36%,
05/15/2026
563
563
Santander
Drive
Auto
Receivables
Trust
2023-3
5.61%,
10/15/2027
3,530
3,549
Santander
Drive
Auto
Receivables
Trust
2023-4
5.73%,
04/17/2028
3,170
3,202
6.18%,
02/16/2027
2,220
2,226
Santander
Drive
Auto
Receivables
Trust
2023-5
6.31%,
07/15/2027
3,353
3,370
Santander
Drive
Auto
Receivables
Trust
2024-1
5.71%,
02/16/2027
965
965
Tesla
Electric
Vehicle
Trust
2023-1
5.54%,
12/21/2026
(g)
1,500
1,504
Toyota
Auto
Loan
Extended
Note
Trust
2019-1
2.56%,
11/25/2031
(g)
2,465
2,440
Toyota
Auto
Receivables
2022-B
Owner
Trust
2.93%,
09/15/2026
319
313
Schedule
of
Investments
Core
Plus
Bond
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
13
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Automobile
Asset
Backed
Securities
(continued)
Volkswagen
Auto
Lease
Trust
2023-A
5.87%,
01/20/2026
$
1,790
$
1,796
World
Omni
Auto
Receivables
Trust
2021-A
0.30%,
01/15/2026
358
352
World
Omni
Auto
Receivables
Trust
2023-C
5.15%,
11/15/2028
2,510
2,531
$
47,049
Automobile
Manufacturers
-
0.56%
Ford
Motor
Co
3.25%,
02/12/2032
330
273
9.63%,
04/22/2030
20
23
Ford
Motor
Credit
Co
LLC
3.38%,
11/13/2025
265
254
General
Motors
Financial
Co
Inc
1.20%,
10/15/2024
475
461
1.25%,
01/08/2026
1,100
1,024
Hyundai
Capital
America
5.40%,
01/08/2031
(g),(h)
125
127
6.50%,
01/16/2029
(g)
265
282
Mercedes-Benz
Finance
North
America
LLC
4.80%,
03/30/2028
(g)
600
604
Toyota
Motor
Credit
Corp
4.80%,
01/05/2034
210
210
$
3,258
Automobile
Parts
&
Equipment
-
0.07%
Dana
Inc
5.38%,
11/15/2027
155
152
Tenneco
Inc
8.00%,
11/17/2028
(g)
270
235
$
387
Banks
-
10.23%
Banco
Santander
SA
2.75%,
05/28/2025
1,600
1,546
Bank
of
America
Corp
1.66%,
03/11/2027
(i)
1,250
1,163
Secured
Overnight
Financing
Rate
+
0.91%
1.73%,
07/22/2027
(i)
1,900
1,751
Secured
Overnight
Financing
Rate
+
0.96%
2.48%,
09/21/2036
(i)
2,600
2,087
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.20%
2.68%,
06/19/2041
(i)
1,635
1,180
Secured
Overnight
Financing
Rate
+
1.93%
2.69%,
04/22/2032
(i)
861
731
Secured
Overnight
Financing
Rate
+
1.32%
3.85%,
03/08/2037
(i)
200
178
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.00%
4.18%,
11/25/2027
750
732
4.20%,
08/26/2024
435
431
4.83%,
07/22/2026
(i)
1,000
995
Secured
Overnight
Financing
Rate
+
1.75%
5.47%,
01/23/2035
(i)
185
188
Secured
Overnight
Financing
Rate
+
1.65%
Bank
of
Montreal
5.72%,
09/25/2028
580
602
Bank
of
New
York
Mellon
Corp/The
4.97%,
04/26/2034
(i)
875
869
Secured
Overnight
Financing
Rate
+
1.61%
Barclays
PLC
2.28%,
11/24/2027
(i)
500
460
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.05%
2.85%,
05/07/2026
(i)
1,100
1,065
Secured
Overnight
Financing
Rate
+
2.71%
5.20%,
05/12/2026
500
497
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Barclays
PLC
(continued)
6.50%,
09/13/2027
(i)
$
450
$
463
Secured
Overnight
Financing
Rate
+
1.88%
BNP
Paribas
SA
2.22%,
06/09/2026
(g),(i)
800
767
Secured
Overnight
Financing
Rate
+
2.07%
Citigroup
Inc
3.11%,
04/08/2026
(i)
1,125
1,097
Secured
Overnight
Financing
Rate
+
2.84%
3.20%,
10/21/2026
650
622
3.79%,
03/17/2033
(i)
1,275
1,150
Secured
Overnight
Financing
Rate
+
1.94%
5.61%,
09/29/2026
(i)
1,195
1,204
Secured
Overnight
Financing
Rate
+
1.55%
Credit
Suisse
AG/New
York
NY
2.95%,
04/09/2025
2,585
2,514
Goldman
Sachs
Group
Inc/The
3.63%,
02/20/2024
1,425
1,423
3.85%,
01/26/2027
2,403
2,344
5.70%,
11/01/2024
315
316
5.80%,
08/10/2026
(i)
500
505
Secured
Overnight
Financing
Rate
+
1.08%
HSBC
Holdings
PLC
4.25%,
03/14/2024
840
838
JPMorgan
Chase
&
Co
2.08%,
04/22/2026
(i)
1,435
1,380
Secured
Overnight
Financing
Rate
+
1.85%
4.60%,
02/01/2025
(f),(i)
390
380
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.13%
4.91%,
07/25/2033
(i)
2,055
2,029
Secured
Overnight
Financing
Rate
+
2.08%
5.01%,
01/23/2030
(i)
265
266
Secured
Overnight
Financing
Rate
+
1.31%
5.04%,
01/23/2028
(i)
265
266
Secured
Overnight
Financing
Rate
+
1.19%
5.34%,
01/23/2035
(i)
250
254
Secured
Overnight
Financing
Rate
+
1.62%
5.35%,
06/01/2034
(i)
500
508
Secured
Overnight
Financing
Rate
+
1.85%
6.07%,
10/22/2027
(i)
675
695
Secured
Overnight
Financing
Rate
+
1.33%
6.09%,
10/23/2029
(i)
675
709
Secured
Overnight
Financing
Rate
+
1.57%
KeyBank
NA/Cleveland
OH
4.15%,
08/08/2025
250
244
Lloyds
Banking
Group
PLC
3.87%,
07/09/2025
(i)
1,900
1,886
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
3.50%
Morgan
Stanley
0.99%,
12/10/2026
(i)
4,490
4,148
Secured
Overnight
Financing
Rate
+
0.72%
2.48%,
09/16/2036
(i)
1,140
911
Secured
Overnight
Financing
Rate
+
1.36%
4.35%,
09/08/2026
3,500
3,448
5.00%,
11/24/2025
995
995
5.17%,
01/16/2030
(i)
300
303
Secured
Overnight
Financing
Rate
+
1.45%
5.47%,
01/18/2035
(i)
120
122
Secured
Overnight
Financing
Rate
+
1.73%
PNC
Financial
Services
Group
Inc/The
5.68%,
01/22/2035
(i)
225
231
Secured
Overnight
Financing
Rate
+
1.90%
6.88%,
10/20/2034
(i)
571
635
Secured
Overnight
Financing
Rate
+
2.28%
Schedule
of
Investments
Core
Plus
Bond
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
14
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Royal
Bank
of
Canada
4.95%,
02/01/2029
$
375
$
378
Santander
UK
Group
Holdings
PLC
1.09%,
03/15/2025
(i)
1,175
1,168
Secured
Overnight
Financing
Rate
+
0.79%
Standard
Chartered
PLC
2.82%,
01/30/2026
(g),(i)
430
418
3
Month
USD
LIBOR
+
1.21%
State
Street
Corp
4.82%,
01/26/2034
(i)
270
265
Secured
Overnight
Financing
Rate
+
1.57%
5.68%,
11/21/2029
(i)
725
750
Secured
Overnight
Financing
Rate
+
1.48%
Toronto-Dominion
Bank/The
4.69%,
09/15/2027
1,000
998
Truist
Financial
Corp
5.44%,
01/24/2030
(i)
410
413
Secured
Overnight
Financing
Rate
+
1.62%
5.71%,
01/24/2035
(i)
200
203
Secured
Overnight
Financing
Rate
+
1.92%
5.90%,
10/28/2026
(h),(i)
560
567
Secured
Overnight
Financing
Rate
+
1.63%
7.16%,
10/30/2029
(i)
290
313
Secured
Overnight
Financing
Rate
+
2.45%
UBS
Group
AG
1.36%,
01/30/2027
(g),(h),(i)
460
424
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.08%
2.19%,
06/05/2026
(g),(i)
750
717
Secured
Overnight
Financing
Rate
+
2.04%
4.75%,
05/12/2028
(g),(i)
320
315
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.75%
5.43%,
02/08/2030
(g),(i)
775
781
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.52%
UniCredit
SpA
1.98%,
06/03/2027
(g),(i)
600
553
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.20%
US
Bancorp
5.38%,
01/23/2030
(i)
55
56
Secured
Overnight
Financing
Rate
+
1.56%
5.68%,
01/23/2035
(i)
205
210
Secured
Overnight
Financing
Rate
+
1.86%
Wells
Fargo
&
Co
4.61%,
04/25/2053
(i)
985
883
Secured
Overnight
Financing
Rate
+
2.13%
4.90%,
07/25/2033
(i)
45
44
Secured
Overnight
Financing
Rate
+
2.10%
5.20%,
01/23/2030
(i)
500
504
Secured
Overnight
Financing
Rate
+
1.50%
5.56%,
07/25/2034
(i)
675
689
Secured
Overnight
Financing
Rate
+
1.99%
Westpac
Banking
Corp
4.11%,
07/24/2034
(i)
125
116
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.00%
4.42%,
07/24/2039
2,160
1,916
$
59,809
Beverages
-
1.12%
Anheuser-Busch
InBev
Worldwide
Inc
4.38%,
04/15/2038
1,260
1,198
4.60%,
04/15/2048
955
887
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Beverages
(continued)
Constellation
Brands
Inc
3.60%,
02/15/2028
$
1,095
$
1,050
3.70%,
12/06/2026
1,140
1,110
4.75%,
05/09/2032
955
943
4.80%,
01/15/2029
500
502
PepsiCo
Inc
1.95%,
10/21/2031
500
420
3.90%,
07/18/2032
300
288
4.20%,
07/18/2052
140
126
$
6,524
Biotechnology
-
0.40%
Amgen
Inc
5.15%,
03/02/2028
530
540
5.25%,
03/02/2030
490
502
5.60%,
03/02/2043
290
298
CSL
Finance
PLC
4.75%,
04/27/2052
(g)
1,040
977
$
2,317
Building
Materials
-
0.32%
AmeriTex
HoldCo
Intermediate
LLC
10.25%,
10/15/2028
(g)
315
324
Builders
FirstSource
Inc
4.25%,
02/01/2032
(g)
375
335
Cemex
SAB
de
CV
9.13%,
03/14/2028
(f),(g),(i)
525
559
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.16%
Smyrna
Ready
Mix
Concrete
LLC
6.00%,
11/01/2028
(g)
699
683
$
1,901
Chemicals
-
0.34%
Consolidated
Energy
Finance
SA
5.63%,
10/15/2028
(g)
365
299
6.50%,
05/15/2026
(g)
150
137
Ecolab
Inc
2.70%,
12/15/2051
1,070
709
Element
Solutions
Inc
3.88%,
09/01/2028
(g)
317
290
Olympus
Water
US
Holding
Corp
4.25%,
10/01/2028
(g)
375
342
Sociedad
Quimica
y
Minera
de
Chile
SA
6.50%,
11/07/2033
(g)
200
207
$
1,984
Commercial
Mortgage
Backed
Securities
-
4.09%
Benchmark
2021-B25
Mortgage
Trust
2.58%,
04/15/2054
500
408
BHMS
2018-ATLS
6.88%,
07/15/2035
(g)
2,300
2,283
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.55%
BX
Commercial
Mortgage
Trust
2021-XL2
6.14%,
10/15/2038
(g)
2,314
2,283
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.80%
BX
Commercial
Mortgage
Trust
2023-VLT3
7.27%,
11/15/2028
(g)
1,250
1,252
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.94%
BX
Commercial
Mortgage
Trust
2023-XL3
7.09%,
12/09/2040
(g)
750
755
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.76%
BX
Trust
2024-BIO
0.00%,
02/15/2041
(d),(g),(j)
3,000
2,999
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.64%
Schedule
of
Investments
Core
Plus
Bond
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
15
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Commercial
Mortgage
Backed
Securities
(continued)
CAMB
Commercial
Mortgage
Trust
2019-LIFE
6.70%,
12/15/2037
(g)
$
2,550
$
2,550
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.37%
Citigroup
Commercial
Mortgage
Trust
2019-C7
3.10%,
12/15/2072
1,500
1,354
COMM
2013-CCRE6
Mortgage
Trust
3.99%,
03/10/2046
(g),(k)
464
357
GS
Mortgage
Securities
Trust
2020-GSA2
2.01%,
12/12/2053
3,600
2,883
JPMBB
Commercial
Mortgage
Securities
Trust
2014-C19
0.64%,
04/15/2047
(k),(l)
6,494
2
JPMBB
Commercial
Mortgage
Securities
Trust
2014-C24
0.96%,
11/15/2047
(k),(l)
6,428
15
LB-UBS
Commercial
Mortgage
Trust
2005-C3
0.76%,
07/15/2040
(g),(k),(l)
940
—
Morgan
Stanley
Bank
of
America
Merrill
Lynch
Trust
2014-C16
1.01%,
06/15/2047
(k),(l)
8,349
1
ORL
Trust
2023-GLKS
7.68%,
10/19/2036
(g)
1,650
1,654
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.35%
SMRT
2022-MINI
6.33%,
01/15/2039
(g)
1,700
1,681
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.00%
SREIT
Trust
2021-MFP
6.18%,
11/15/2038
(g)
2,464
2,439
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.85%
SREIT
Trust
2021-MFP2
6.27%,
11/15/2036
(g)
1,000
992
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.94%
$
23,908
Commercial
Services
-
0.59%
Albion
Financing
1
SARL
/
Aggreko
Holdings
Inc
6.13%,
10/15/2026
(g)
395
388
Garda
World
Security
Corp
4.63%,
02/15/2027
(g)
130
123
PayPal
Holdings
Inc
3.25%,
06/01/2050
900
658
3.90%,
06/01/2027
800
786
Prime
Security
Services
Borrower
LLC
/
Prime
Finance
Inc
6.25%,
01/15/2028
(g)
190
188
United
Rentals
North
America
Inc
3.88%,
02/15/2031
125
113
4.88%,
01/15/2028
249
243
WASH
Multifamily
Acquisition
Inc
5.75%,
04/15/2026
(g)
505
485
Williams
Scotsman
Inc
6.13%,
06/15/2025
(g)
201
201
ZipRecruiter
Inc
5.00%,
01/15/2030
(g)
300
267
$
3,452
Computers
-
0.51%
Apple
Inc
4.65%,
02/23/2046
1,000
982
Dell
International
LLC
/
EMC
Corp
3.38%,
12/15/2041
350
266
6.10%,
07/15/2027
1,220
1,268
NCR
Voyix
Corp
5.13%,
04/15/2029
(g)
135
126
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Computers
(continued)
Seagate
HDD
Cayman
8.50%,
07/15/2031
(g)
$
25
$
27
9.63%,
12/01/2032
259
298
$
2,967
Consumer
Products
-
0.09%
Kronos
Acquisition
Holdings
Inc
/
KIK
Custom
Products
Inc
5.00%,
12/31/2026
(g)
475
459
7.00%,
12/31/2027
(g)
65
64
$
523
Credit
Card
Asset
Backed
Securities
-
4.71%
American
Express
Credit
Account
Master
Trust
0.90%,
11/15/2026
8,910
8,616
Barclays
Dryrock
Issuance
Trust
0.63%,
07/15/2027
1,900
1,845
3.07%,
02/15/2028
4,300
4,206
Capital
One
Multi-Asset
Execution
Trust
1.04%,
11/15/2026
4,360
4,221
Discover
Card
Execution
Note
Trust
1.96%,
02/15/2027
7,090
6,871
3.56%,
07/15/2027
1,795
1,762
$
27,521
Diversified
Financial
Services
-
2.27%
AerCap
Holdings
NV
5.88%,
10/10/2079
(i)
355
353
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.54%
AerCap
Ireland
Capital
DAC
/
AerCap
Global
Aviation
Trust
2.45%,
10/29/2026
1,275
1,183
3.00%,
10/29/2028
1,345
1,220
3.15%,
02/15/2024
2,825
2,822
6.10%,
01/15/2027
550
562
Air
Lease
Corp
1.88%,
08/15/2026
1,325
1,219
2.88%,
01/15/2026
1,195
1,141
Ally
Financial
Inc
5.80%,
05/01/2025
(h)
505
507
Aviation
Capital
Group
LLC
1.95%,
09/20/2026
(g)
1,850
1,689
Charles
Schwab
Corp/The
5.88%,
08/24/2026
425
435
Credit
Acceptance
Corp
6.63%,
03/15/2026
(h)
350
350
9.25%,
12/15/2028
(g)
60
63
Global
Aircraft
Leasing
Co
Ltd
6.50%,
PIK
7.25%;
09/15/2024
(g),(k),(m)
382
368
ILFC
E-Capital
Trust
II
7.44%,
12/21/2065
(g)
155
123
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.06%
Macquarie
Airfinance
Holdings
Ltd
8.13%,
03/30/2029
(g)
75
78
8.38%,
05/01/2028
(g)
230
242
OneMain
Finance
Corp
3.50%,
01/15/2027
145
133
4.00%,
09/15/2030
65
55
6.63%,
01/15/2028
70
70
6.88%,
03/15/2025
395
396
SLM
Corp
3.13%,
11/02/2026
290
271
$
13,280
Electric
-
4.18%
Abu
Dhabi
National
Energy
Co
PJSC
4.70%,
04/24/2033
(g)
200
197
Alliant
Energy
Finance
LLC
5.95%,
03/30/2029
(g)
305
317
Schedule
of
Investments
Core
Plus
Bond
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
16
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
Ameren
Illinois
Co
3.85%,
09/01/2032
$
189
$
176
Avangrid
Inc
3.20%,
04/15/2025
1,115
1,086
CenterPoint
Energy
Inc
5.25%,
08/10/2026
1,000
1,015
Clearway
Energy
Operating
LLC
3.75%,
02/15/2031
(g)
140
121
3.75%,
01/15/2032
(g)
130
110
4.75%,
03/15/2028
(g)
170
162
CMS
Energy
Corp
3.00%,
05/15/2026
275
263
4.70%,
03/31/2043
110
98
Commonwealth
Edison
Co
4.00%,
03/01/2049
325
269
Consolidated
Edison
Co
of
New
York
Inc
5.90%,
11/15/2053
160
174
Dominion
Energy
Inc
3.07%,
08/15/2024
(k)
1,500
1,478
DTE
Electric
Co
3.65%,
03/01/2052
135
105
3.95%,
03/01/2049
100
82
DTE
Energy
Co
4.22%,
11/01/2024
(k)
1,000
990
Duke
Energy
Carolinas
LLC
3.55%,
03/15/2052
225
168
3.75%,
06/01/2045
500
398
Duke
Energy
Florida
LLC
6.20%,
11/15/2053
275
308
Edison
International
4.70%,
08/15/2025
432
428
Elwood
Energy
LLC
8.16%,
07/05/2026
22
19
Eversource
Energy
5.45%,
03/01/2028
535
545
FirstEnergy
Corp
2.25%,
09/01/2030
640
534
Florida
Power
&
Light
Co
4.05%,
10/01/2044
615
535
ITC
Holdings
Corp
3.65%,
06/15/2024
500
496
4.95%,
09/22/2027
(g)
470
472
Korea
Electric
Power
Corp
5.38%,
04/06/2026
(g)
250
253
Louisville
Gas
and
Electric
Co
5.45%,
04/15/2033
309
319
Monongahela
Power
Co
3.55%,
05/15/2027
(g)
715
684
National
Rural
Utilities
Cooperative
Finance
Corp
5.00%,
02/07/2031
(j)
565
569
5.45%,
10/30/2025
360
364
NextEra
Energy
Capital
Holdings
Inc
4.45%,
06/20/2025
400
396
5.75%,
09/01/2025
475
480
6.05%,
03/01/2025
105
106
NextEra
Energy
Operating
Partners
LP
4.25%,
07/15/2024
(g)
65
64
7.25%,
01/15/2029
(g)
190
196
Northern
States
Power
Co/MN
5.10%,
05/15/2053
350
347
NRG
Energy
Inc
3.63%,
02/15/2031
(g)
375
322
3.88%,
02/15/2032
(g)
35
30
NSTAR
Electric
Co
4.95%,
09/15/2052
45
43
Oncor
Electric
Delivery
Co
LLC
4.95%,
09/15/2052
160
156
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
Oryx
Funding
Ltd
5.80%,
02/03/2031
$
200
$
198
Pacific
Gas
and
Electric
Co
4.20%,
06/01/2041
535
429
6.75%,
01/15/2053
280
308
PECO
Energy
Co
4.38%,
08/15/2052
248
218
Perusahaan
Perseroan
Persero
PT
Perusahaan
Listrik
Negara
3.88%,
07/17/2029
(g)
500
465
Public
Service
Co
of
Colorado
4.50%,
06/01/2052
132
114
Public
Service
Enterprise
Group
Inc
5.85%,
11/15/2027
(h)
450
468
Southern
California
Edison
Co
3.65%,
02/01/2050
810
616
4.20%,
03/01/2029
460
450
4.88%,
03/01/2049
500
458
5.65%,
10/01/2028
450
468
Southern
Co/The
4.85%,
06/15/2028
1,450
1,459
5.50%,
03/15/2029
500
517
5.70%,
03/15/2034
1,000
1,046
Tucson
Electric
Power
Co
4.85%,
12/01/2048
100
91
Vistra
Corp
7.00%,
12/15/2026
(f),(g),(i)
160
155
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.74%
Vistra
Operations
Co
LLC
4.38%,
05/01/2029
(g)
345
317
WEC
Energy
Group
Inc
4.75%,
01/09/2026
400
399
5.00%,
09/27/2025
574
574
5.15%,
10/01/2027
417
423
5.60%,
09/12/2026
365
373
$
24,421
Electrical
Components
&
Equipment
-
0.11%
WESCO
Distribution
Inc
7.13%,
06/15/2025
(g)
250
251
7.25%,
06/15/2028
(g)
365
375
$
626
Electronics
-
0.07%
Sensata
Technologies
BV
4.00%,
04/15/2029
(g)
405
371
Sensata
Technologies
Inc
3.75%,
02/15/2031
(g)
39
34
$
405
Engineering
&
Construction
-
0.21%
Global
Infrastructure
Solutions
Inc
5.63%,
06/01/2029
(g)
795
718
Sitios
Latinoamerica
SAB
de
CV
5.38%,
04/04/2032
(g)
575
536
$
1,254
Entertainment
-
0.77%
Boyne
USA
Inc
4.75%,
05/15/2029
(g)
340
311
Caesars
Entertainment
Inc
6.25%,
07/01/2025
(g)
335
336
6.50%,
02/15/2032
(g),(j)
60
61
CCM
Merger
Inc
6.38%,
05/01/2026
(g)
255
252
Churchill
Downs
Inc
5.75%,
04/01/2030
(g)
525
508
Cinemark
USA
Inc
5.25%,
07/15/2028
(g),(h)
370
341
8.75%,
05/01/2025
(g)
99
100
Schedule
of
Investments
Core
Plus
Bond
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
17
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Entertainment
(continued)
International
Game
Technology
PLC
5.25%,
01/15/2029
(g)
$
445
$
434
Warnermedia
Holdings
Inc
3.76%,
03/15/2027
1,025
985
4.28%,
03/15/2032
425
389
5.05%,
03/15/2042
505
448
5.14%,
03/15/2052
205
176
Wynn
Resorts
Finance
LLC
/
Wynn
Resorts
Capital
Corp
7.13%,
02/15/2031
(g)
135
139
$
4,480
Environmental
Control
-
0.31%
Madison
IAQ
LLC
4.13%,
06/30/2028
(g)
400
368
Waste
Connections
Inc
2.20%,
01/15/2032
545
451
4.20%,
01/15/2033
400
384
Waste
Management
Inc
4.63%,
02/15/2030
600
603
$
1,806
Food
-
1.44%
Albertsons
Cos
Inc
/
Safeway
Inc
/
New
Albertsons
LP
/
Albertsons
LLC
3.50%,
03/15/2029
(g)
300
271
4.63%,
01/15/2027
(g)
280
272
B&G
Foods
Inc
5.25%,
04/01/2025
47
46
8.00%,
09/15/2028
(g)
70
73
Bimbo
Bakeries
USA
Inc
6.40%,
01/15/2034
(g)
250
273
Chobani
LLC
/
Chobani
Finance
Corp
Inc
7.63%,
07/01/2029
(g)
180
182
Fiesta
Purchaser
Inc
7.88%,
03/01/2031
(g),(j)
85
85
JBS
USA
LUX
SA
/
JBS
USA
Food
Co
/
JBS
USA
Finance
Inc
4.38%,
02/02/2052
1,421
1,057
5.13%,
02/01/2028
975
965
Mars
Inc
4.55%,
04/20/2028
(g)
550
551
4.75%,
04/20/2033
(g)
875
873
Nestle
Holdings
Inc
4.13%,
10/01/2027
(g)
700
695
Pilgrim's
Pride
Corp
3.50%,
03/01/2032
180
152
4.25%,
04/15/2031
2,360
2,125
Post
Holdings
Inc
4.50%,
09/15/2031
(g)
320
288
4.63%,
04/15/2030
(g)
35
32
Sysco
Corp
3.30%,
07/15/2026
475
461
$
8,401
Forest
Products
&
Paper
-
0.04%
Inversiones
CMPC
SA
6.13%,
06/23/2033
(g)
250
254
Gas
-
0.19%
NiSource
Inc
0.95%,
08/15/2025
1,000
939
5.25%,
03/30/2028
180
184
$
1,123
Healthcare
-
Products
-
0.15%
Abbott
Laboratories
1.40%,
06/30/2030
325
274
Boston
Scientific
Corp
3.45%,
03/01/2024
344
344
4.55%,
03/01/2039
297
285
$
903
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Healthcare
-
Services
-
0.74%
Acadia
Healthcare
Co
Inc
5.00%,
04/15/2029
(g)
$
295
$
281
Centene
Corp
2.63%,
08/01/2031
1,145
950
4.25%,
12/15/2027
405
389
CHS/Community
Health
Systems
Inc
8.00%,
03/15/2026
(g)
65
64
HCA
Inc
3.13%,
03/15/2027
935
889
3.50%,
07/15/2051
470
330
Tenet
Healthcare
Corp
6.13%,
06/15/2030
310
310
6.75%,
05/15/2031
(g)
70
72
UnitedHealth
Group
Inc
4.75%,
05/15/2052
715
677
5.88%,
02/15/2053
320
355
$
4,317
Home
Builders
-
0.18%
Adams
Homes
Inc
9.25%,
10/15/2028
(g)
205
210
Beazer
Homes
USA
Inc
6.75%,
03/15/2025
130
130
Forestar
Group
Inc
3.85%,
05/15/2026
(g)
55
52
5.00%,
03/01/2028
(g)
380
359
Lennar
Corp
4.75%,
05/30/2025
300
298
$
1,049
Home
Equity
Asset
Backed
Securities
-
0.04%
First
NLC
Trust
2005-1
2.80%,
05/25/2035
166
143
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.61%
Saxon
Asset
Securities
Trust
2004-1
1.99%,
03/25/2035
207
112
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.81%
$
255
Insurance
-
0.76%
Acrisure
LLC
/
Acrisure
Finance
Inc
4.25%,
02/15/2029
(g)
360
323
Arch
Capital
Group
Ltd
3.64%,
06/30/2050
835
641
Arthur
J
Gallagher
&
Co
2.40%,
11/09/2031
960
789
5.50%,
03/02/2033
100
102
6.50%,
02/15/2034
200
219
Chubb
INA
Holdings
Inc
3.35%,
05/03/2026
619
601
Markel
Group
Inc
4.30%,
11/01/2047
350
288
MassMutual
Global
Funding
II
4.15%,
08/26/2025
(g)
1,140
1,130
MetLife
Inc
5.00%,
07/15/2052
350
345
$
4,438
Internet
-
0.22%
Alibaba
Group
Holding
Ltd
2.13%,
02/09/2031
450
377
Meta
Platforms
Inc
4.45%,
08/15/2052
390
351
Netflix
Inc
4.88%,
04/15/2028
150
151
5.88%,
11/15/2028
(h)
385
405
$
1,284
Schedule
of
Investments
Core
Plus
Bond
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
18
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Investment
Companies
-
0.25%
Blackstone
Private
Credit
Fund
4.70%,
03/24/2025
$
610
$
603
Compass
Group
Diversified
Holdings
LLC
5.25%,
04/15/2029
(g)
360
343
Icahn
Enterprises
LP
/
Icahn
Enterprises
Finance
Corp
4.38%,
02/01/2029
395
330
4.75%,
09/15/2024
165
164
$
1,440
Iron
&
Steel
-
0.13%
Nucor
Corp
3.85%,
04/01/2052
200
163
Vale
Overseas
Ltd
6.13%,
06/12/2033
605
618
$
781
Leisure
Products
&
Services
-
0.18%
Carnival
Holdings
Bermuda
Ltd
10.38%,
05/01/2028
(g)
75
82
Life
Time
Inc
5.75%,
01/15/2026
(g)
470
465
NCL
Corp
Ltd
3.63%,
12/15/2024
(g)
85
83
5.88%,
02/15/2027
(g)
160
158
NCL
Finance
Ltd
6.13%,
03/15/2028
(g)
195
186
Royal
Caribbean
Cruises
Ltd
5.38%,
07/15/2027
(g)
110
108
$
1,082
Lodging
-
0.36%
Marriott
International
Inc/MD
3.60%,
04/15/2024
695
693
5.00%,
10/15/2027
285
288
Sands
China
Ltd
3.75%,
08/08/2031
(h)
495
411
4.30%,
01/08/2026
350
337
Wynn
Macau
Ltd
5.63%,
08/26/2028
(g)
400
372
$
2,101
Machinery
-
Diversified
-
0.29%
Ingersoll
Rand
Inc
5.40%,
08/14/2028
1,000
1,026
Maxim
Crane
Works
Holdings
Capital
LLC
11.50%,
09/01/2028
(g)
340
355
Westinghouse
Air
Brake
Technologies
Corp
3.20%,
06/15/2025
355
345
$
1,726
Media
-
0.77%
AMC
Networks
Inc
4.75%,
08/01/2025
501
483
CCO
Holdings
LLC
/
CCO
Holdings
Capital
Corp
4.50%,
08/15/2030
(g)
654
569
Charter
Communications
Operating
LLC
/
Charter
Communications
Operating
Capital
4.80%,
03/01/2050
580
443
Comcast
Corp
5.50%,
11/15/2032
1,250
1,317
CSC
Holdings
LLC
4.50%,
11/15/2031
(g)
200
143
Directv
Financing
LLC
8.88%,
02/01/2030
(g)
40
41
Directv
Financing
LLC
/
Directv
Financing
Co-
Obligor
Inc
5.88%,
08/15/2027
(g)
75
71
DISH
DBS
Corp
7.38%,
07/01/2028
380
167
DISH
Network
Corp
11.75%,
11/15/2027
(g)
310
323
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Media
(continued)
Paramount
Global
4.20%,
05/19/2032
(h)
$
375
$
334
Sirius
XM
Radio
Inc
4.00%,
07/15/2028
(g)
70
64
Sunrise
HoldCo
IV
BV
5.50%,
01/15/2028
(g)
345
330
Ziggo
Bond
Co
BV
6.00%,
01/15/2027
(g)
210
206
$
4,491
Mining
-
0.27%
Corp
Nacional
del
Cobre
de
Chile
4.25%,
07/17/2042
(g),(h)
200
156
Glencore
Funding
LLC
6.13%,
10/06/2028
(g)
550
578
Hudbay
Minerals
Inc
4.50%,
04/01/2026
(g)
220
213
6.13%,
04/01/2029
(g)
110
109
IAMGOLD
Corp
5.75%,
10/15/2028
(g)
175
154
New
Gold
Inc
7.50%,
07/15/2027
(g)
180
179
Novelis
Corp
4.75%,
01/30/2030
(g)
40
37
Taseko
Mines
Ltd
7.00%,
02/15/2026
(g)
130
128
$
1,554
Miscellaneous
Manufacturers
-
0.06%
Parker-Hannifin
Corp
4.25%,
09/15/2027
360
356
Mortgage
Backed
Securities
-
2.95%
Fannie
Mae
REMIC
Trust
2005-W2
5.41%,
05/25/2035
3
3
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.31%
Fannie
Mae
REMICS
0.59%,
08/25/2049
(l)
6,434
709
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.94%
0.64%,
08/25/2043
(l)
1,329
147
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.99%
0.69%,
12/25/2042
(l)
4,891
557
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
6.04%
0.69%,
01/25/2048
(l)
1,813
225
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
6.04%
0.74%,
03/25/2048
(l)
2,270
290
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
6.09%
0.74%,
06/25/2048
(l)
2,467
299
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
6.09%
3.00%,
04/25/2027
(l)
471
15
3.00%,
09/25/2050
(l)
2,118
320
3.50%,
09/25/2027
(l)
723
28
3.50%,
11/25/2027
(l)
195
7
3.50%,
05/25/2028
(l)
191
5
4.00%,
04/25/2043
(l)
154
11
Freddie
Mac
REMICS
0.59%,
10/15/2046
(l)
2,991
353
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.94%
0.69%,
06/25/2050
(l)
2,558
320
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
6.04%
2.00%,
02/15/2036
67
64
Schedule
of
Investments
Core
Plus
Bond
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
19
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Mortgage
Backed
Securities
(continued)
Freddie
Mac
REMICS
(continued)
3.00%,
05/15/2027
(l)
$
391
$
11
3.00%,
10/15/2027
(l)
139
5
3.00%,
02/15/2029
(l)
733
22
3.50%,
02/15/2028
(l)
383
14
3.50%,
01/15/2040
(l)
193
2
3.50%,
03/15/2041
(l)
744
35
5.91%,
05/15/2049
2,504
2,441
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.56%
Ginnie
Mae
0.15%,
04/20/2052
(l)
2,645
304
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.50%
0.60%,
11/20/2040
(l)
1,248
141
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.94%
0.60%,
12/16/2043
(l)
2,824
274
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.94%
0.60%,
05/20/2046
(l)
297
39
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.94%
0.65%,
11/20/2046
(l)
2,273
273
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.99%
0.70%,
08/20/2044
(l)
1,063
130
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.04%
0.70%,
03/20/2047
(l)
1,286
170
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.04%
0.75%,
10/20/2045
(l)
1,050
130
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.09%
0.75%,
08/20/2047
(l)
4,225
702
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.09%
0.75%,
08/20/2047
(l)
1,508
181
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.09%
0.75%,
08/20/2047
(l)
518
68
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.09%
0.75%,
11/20/2047
(l)
753
98
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.09%
0.80%,
06/20/2045
(l)
1,412
179
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.14%
0.80%,
10/20/2047
(l)
1,217
164
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.14%
0.85%,
08/20/2050
(l)
2,682
353
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.19%
0.85%,
09/20/2050
(l)
2,859
397
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.19%
0.85%,
11/20/2050
(l)
1,847
258
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.19%
0.85%,
08/20/2051
(l)
1,702
239
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.19%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Mortgage
Backed
Securities
(continued)
Ginnie
Mae
(continued)
1.10%,
04/20/2041
(l)
$
526
$
67
(1.10)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.97%
2.50%,
12/20/2050
(l)
2,662
404
3.00%,
07/20/2050
(l)
605
92
3.00%,
11/20/2050
(l)
1,505
236
3.00%,
11/20/2050
(l)
2,231
357
3.00%,
11/20/2050
(l)
2,542
465
3.50%,
01/20/2043
(l)
2,022
321
3.50%,
10/20/2049
(l)
899
156
4.00%,
03/16/2039
(l)
177
3
4.00%,
09/20/2040
(l)
543
31
4.50%,
05/16/2043
(l)
841
147
J.P.
Morgan
Mortgage
Trust
2024-1
6.00%,
06/25/2054
(g),(k)
5,000
5,012
$
17,274
Oil
&
Gas
-
1.10%
Aethon
United
BR
LP
/
Aethon
United
Finance
Corp
8.25%,
02/15/2026
(g)
775
768
Ascent
Resources
Utica
Holdings
LLC
/
ARU
Finance
Corp
7.00%,
11/01/2026
(g)
275
275
BP
Capital
Markets
America
Inc
4.70%,
04/10/2029
250
251
Civitas
Resources
Inc
8.63%,
11/01/2030
(g)
330
352
Comstock
Resources
Inc
5.88%,
01/15/2030
(g),(h)
430
373
Continental
Resources
Inc/OK
3.80%,
06/01/2024
515
511
CrownRock
LP
/
CrownRock
Finance
Inc
5.63%,
10/15/2025
(g)
265
264
Ecopetrol
SA
8.88%,
01/13/2033
250
264
MEG
Energy
Corp
7.13%,
02/01/2027
(g)
285
288
Occidental
Petroleum
Corp
5.55%,
03/15/2026
975
981
5.88%,
09/01/2025
1,010
1,017
Permian
Resources
Operating
LLC
8.00%,
04/15/2027
(g)
125
129
Pertamina
Persero
PT
3.10%,
08/27/2030
(g)
200
178
Petroleos
Mexicanos
6.70%,
02/16/2032
278
227
Saudi
Arabian
Oil
Co
3.25%,
11/24/2050
(g)
300
201
Southwestern
Energy
Co
4.75%,
02/01/2032
245
227
Talos
Production
Inc
9.00%,
02/01/2029
(g),(j)
135
137
$
6,443
Oil
&
Gas
Services
-
0.12%
Archrock
Partners
LP
/
Archrock
Partners
Finance
Corp
6.25%,
04/01/2028
(g)
500
494
Enerflex
Ltd
9.00%,
10/15/2027
(g)
145
146
Kodiak
Gas
Services
LLC
7.25%,
02/15/2029
(g),(j)
90
91
$
731
Other
Asset
Backed
Securities
-
0.21%
Chase
Funding
Trust
Series
2003-5
6.05%,
07/25/2033
612
593
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.71%
Schedule
of
Investments
Core
Plus
Bond
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
20
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Other
Asset
Backed
Securities
(continued)
Chase
Funding
Trust
Series
2004-1
5.91%,
12/25/2033
$
15
$
14
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.57%
HPEFS
Equipment
Trust
2022-2
3.15%,
09/20/2029
(g)
417
416
Verizon
Master
Trust
1.53%,
07/20/2028
225
217
$
1,240
Packaging
&
Containers
-
0.58%
Ardagh
Packaging
Finance
PLC
/
Ardagh
Holdings
USA
Inc
4.13%,
08/15/2026
(g)
390
350
Berry
Global
Inc
5.65%,
01/15/2034
(g)
900
910
Canpack
SA
/
Canpack
US
LLC
3.13%,
11/01/2025
(g)
200
191
Clydesdale
Acquisition
Holdings
Inc
6.63%,
04/15/2029
(g)
225
224
8.75%,
04/15/2030
(g)
160
152
Crown
Cork
&
Seal
Co
Inc
7.38%,
12/15/2026
356
373
Graphic
Packaging
International
LLC
4.13%,
08/15/2024
125
124
LABL
Inc
5.88%,
11/01/2028
(g)
205
184
6.75%,
07/15/2026
(g)
185
180
Mauser
Packaging
Solutions
Holding
Co
7.88%,
08/15/2026
(g)
125
126
Packaging
Corp
of
America
5.70%,
12/01/2033
530
556
$
3,370
Pharmaceuticals
-
1.51%
AbbVie
Inc
2.60%,
11/21/2024
550
538
4.05%,
11/21/2039
1,000
905
AdaptHealth
LLC
5.13%,
03/01/2030
(g)
395
309
6.13%,
08/01/2028
(g)
155
136
Bausch
Health
Cos
Inc
5.50%,
11/01/2025
(g)
145
133
Bayer
US
Finance
LLC
6.25%,
01/21/2029
(g)
400
409
Becton
Dickinson
&
Co
4.69%,
02/13/2028
1,385
1,385
BellRing
Brands
Inc
7.00%,
03/15/2030
(g)
275
282
Bristol-Myers
Squibb
Co
4.13%,
06/15/2039
415
374
Cigna
Group/The
4.90%,
12/15/2048
165
154
CVS
Health
Corp
4.30%,
03/25/2028
98
96
4.88%,
07/20/2035
570
559
5.05%,
03/25/2048
260
238
5.13%,
02/21/2030
600
606
Eli
Lilly
&
Co
4.70%,
02/27/2033
440
448
Jazz
Securities
DAC
4.38%,
01/15/2029
(g)
285
263
Pfizer
Investment
Enterprises
Pte
Ltd
5.11%,
05/19/2043
460
457
Zoetis
Inc
3.00%,
09/12/2027
660
627
4.45%,
08/20/2048
1,035
926
$
8,845
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pipelines
-
2.31%
Antero
Midstream
Partners
LP
/
Antero
Midstream
Finance
Corp
5.38%,
06/15/2029
(g)
$
340
$
326
5.75%,
03/01/2027
(g)
255
253
Columbia
Pipelines
Holding
Co
LLC
6.04%,
08/15/2028
(g)
1,105
1,144
DT
Midstream
Inc
4.13%,
06/15/2029
(g)
385
354
Energy
Transfer
LP
3.75%,
05/15/2030
840
777
4.50%,
04/15/2024
575
573
5.15%,
03/15/2045
1,625
1,491
5.55%,
02/15/2028
1,065
1,084
5.95%,
05/15/2054
225
226
Enterprise
Products
Operating
LLC
3.13%,
07/31/2029
500
465
4.20%,
01/31/2050
515
443
EQM
Midstream
Partners
LP
6.00%,
07/01/2025
(g)
89
89
7.50%,
06/01/2027
(g)
155
159
Genesis
Energy
LP
/
Genesis
Energy
Finance
Corp
8.25%,
01/15/2029
135
139
Hess
Midstream
Operations
LP
4.25%,
02/15/2030
(g)
450
414
5.63%,
02/15/2026
(g)
345
343
Kinder
Morgan
Inc
5.00%,
02/01/2029
(j)
520
521
5.40%,
02/01/2034
(j)
875
878
Kinetik
Holdings
LP
5.88%,
06/15/2030
(g)
195
192
NGL
Energy
Operating
LLC
/
NGL
Energy
Finance
Corp
8.13%,
02/15/2029
(g),(j)
205
206
NuStar
Logistics
LP
5.75%,
10/01/2025
150
150
Sabine
Pass
Liquefaction
LLC
4.20%,
03/15/2028
465
455
5.00%,
03/15/2027
275
276
5.75%,
05/15/2024
121
121
Venture
Global
Calcasieu
Pass
LLC
3.88%,
11/01/2033
(g)
410
347
Venture
Global
LNG
Inc
8.38%,
06/01/2031
(g)
135
136
9.50%,
02/01/2029
(g)
215
228
Williams
Cos
Inc/The
4.55%,
06/24/2024
1,225
1,219
5.40%,
03/02/2026
475
480
$
13,489
Private
Equity
-
0.03%
Brookfield
Finance
Inc
4.00%,
04/01/2024
181
180
REITs
-
0.99%
American
Tower
Corp
1.30%,
09/15/2025
445
419
5.50%,
03/15/2028
335
342
Crown
Castle
Inc
5.80%,
03/01/2034
350
361
HAT
Holdings
I
LLC
/
HAT
Holdings
II
LLC
3.38%,
06/15/2026
(g)
425
395
3.75%,
09/15/2030
(g),(h)
268
222
8.00%,
06/15/2027
(g)
45
47
Invitation
Homes
Operating
Partnership
LP
2.30%,
11/15/2028
1,245
1,103
Kimco
Realty
OP
LLC
3.20%,
04/01/2032
515
447
Schedule
of
Investments
Core
Plus
Bond
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
21
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
REITs
(continued)
Ladder
Capital
Finance
Holdings
LLLP
/
Ladder
Capital
Finance
Corp
4.75%,
06/15/2029
(g)
$
373
$
334
Mid-America
Apartments
LP
2.88%,
09/15/2051
646
420
Park
Intermediate
Holdings
LLC
/
PK
Domestic
Property
LLC
/
PK
Finance
Co-Issuer
4.88%,
05/15/2029
(g)
70
64
5.88%,
10/01/2028
(g)
25
24
7.50%,
06/01/2025
(g)
230
231
VICI
Properties
LP
/
VICI
Note
Co
Inc
3.50%,
02/15/2025
(g)
230
224
4.13%,
08/15/2030
(g)
865
787
XHR
LP
4.88%,
06/01/2029
(g)
256
236
6.38%,
08/15/2025
(g)
165
165
$
5,821
Retail
-
0.31%
Abercrombie
&
Fitch
Management
Co
8.75%,
07/15/2025
(g)
75
76
Bath
&
Body
Works
Inc
5.25%,
02/01/2028
380
372
6.63%,
10/01/2030
(g)
200
203
9.38%,
07/01/2025
(g)
41
43
Fertitta
Entertainment
LLC
/
Fertitta
Entertainment
Finance
Co
Inc
4.63%,
01/15/2029
(g)
345
316
LSF9
Atlantis
Holdings
LLC
/
Victra
Finance
Corp
7.75%,
02/15/2026
(g)
465
448
Patrick
Industries
Inc
4.75%,
05/01/2029
(g)
125
115
7.50%,
10/15/2027
(g)
260
261
$
1,834
Semiconductors
-
0.76%
Broadcom
Inc
3.14%,
11/15/2035
(g)
75
62
3.42%,
04/15/2033
(g)
1,905
1,673
Micron
Technology
Inc
5.30%,
01/15/2031
790
798
6.75%,
11/01/2029
370
399
NXP
BV
/
NXP
Funding
LLC
5.35%,
03/01/2026
1,000
1,005
NXP
BV
/
NXP
Funding
LLC
/
NXP
USA
Inc
2.70%,
05/01/2025
135
131
3.15%,
05/01/2027
140
133
Skyworks
Solutions
Inc
1.80%,
06/01/2026
235
219
$
4,420
Software
-
1.74%
Fidelity
National
Information
Services
Inc
4.50%,
07/15/2025
(h)
1,000
994
Fiserv
Inc
3.20%,
07/01/2026
1,000
964
4.40%,
07/01/2049
500
435
Intuit
Inc
5.50%,
09/15/2053
300
320
Microsoft
Corp
2.53%,
06/01/2050
750
500
Open
Text
Corp
3.88%,
02/15/2028
(g)
115
107
3.88%,
12/01/2029
(g)
320
289
Oracle
Corp
2.50%,
04/01/2025
270
262
2.80%,
04/01/2027
525
495
3.95%,
03/25/2051
670
521
6.15%,
11/09/2029
370
395
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Software
(continued)
Salesforce
Inc
3.70%,
04/11/2028
$
505
$
495
Take-Two
Interactive
Software
Inc
3.55%,
04/14/2025
955
937
4.00%,
04/14/2032
410
386
4.95%,
03/28/2028
500
504
VMware
LLC
1.40%,
08/15/2026
1,500
1,373
1.80%,
08/15/2028
1,360
1,195
$
10,172
Sovereign
-
0.49%
Brazilian
Government
International
Bond
3.88%,
06/12/2030
645
583
Chile
Government
International
Bond
4.95%,
01/05/2036
300
294
Hungary
Government
International
Bond
6.13%,
05/22/2028
(g)
350
360
Mexico
Government
International
Bond
4.75%,
03/08/2044
450
379
Morocco
Government
International
Bond
5.95%,
03/08/2028
(g)
400
407
Peruvian
Government
International
Bond
5.63%,
11/18/2050
200
202
Republic
of
Poland
Government
International
Bond
5.50%,
04/04/2053
195
197
Saudi
Government
International
Bond
5.00%,
01/18/2053
(g)
500
444
$
2,866
Telecommunications
-
1.82%
AT&T
Inc
1.65%,
02/01/2028
850
758
2.30%,
06/01/2027
450
417
2.75%,
06/01/2031
315
274
3.50%,
09/15/2053
2,668
1,906
Level
3
Financing
Inc
10.50%,
05/15/2030
(g)
320
318
Telecom
Italia
Capital
SA
6.38%,
11/15/2033
10
10
Telecom
Italia
SpA/Milano
5.30%,
05/30/2024
(g)
505
502
T-Mobile
USA
Inc
2.40%,
03/15/2029
910
814
2.55%,
02/15/2031
650
557
2.63%,
04/15/2026
550
524
3.50%,
04/15/2025
715
701
3.50%,
04/15/2031
1,800
1,640
4.85%,
01/15/2029
500
501
6.00%,
06/15/2054
250
273
Verizon
Communications
Inc
2.55%,
03/21/2031
1,131
972
2.88%,
11/20/2050
220
146
Viavi
Solutions
Inc
3.75%,
10/01/2029
(g)
355
309
$
10,622
Transportation
-
0.36%
Burlington
Northern
Santa
Fe
LLC
4.45%,
01/15/2053
185
169
Eletson
Holdings
Inc
/
Eletson
Finance
US
LLC
/
Agathonissos
Finance
LLC
0.00%,
01/15/2022
(d),(e)
1,749
9
GN
Bondco
LLC
9.50%,
10/15/2031
(g)
15
15
Norfolk
Southern
Corp
5.35%,
08/01/2054
450
459
RXO
Inc
7.50%,
11/15/2027
(g)
175
180
Schedule
of
Investments
Core
Plus
Bond
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
22
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Transportation
(continued)
Union
Pacific
Corp
3.50%,
02/14/2053
$
880
$
684
United
Parcel
Service
Inc
4.88%,
03/03/2033
575
586
$
2,102
Trucking
&
Leasing
-
0.25%
Penske
Truck
Leasing
Co
Lp
/
PTL
Finance
Corp
5.35%,
01/12/2027
(g)
720
724
5.75%,
05/24/2026
(g)
575
580
6.20%,
06/15/2030
(g)
150
158
$
1,462
U.S.
Municipals
-
0.05%
Istanbul
Metropolitan
Municipality
10.50%,
12/06/2028
(g)
300
317
Water
-
0.06%
Essential
Utilities
Inc
2.70%,
04/15/2030
400
351
TOTAL
BONDS
$
369,952
SENIOR
FLOATING
RATE
INTERESTS
-
0.92%
Principal
Amount
(000's)
Value
(000's)
Aerospace
&
Defense
-
0.00%
TransDigm
Inc
8.60%,
02/14/2031
(n)
$
25
$
25
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Airlines
-
0.07%
AAdvantage
Loyalty
IP
Ltd
10.33%,
04/20/2028
(n)
217
222
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.75%
United
Airlines
Inc
9.20%,
04/21/2028
(n)
181
181
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
$
403
Automobile
Parts
&
Equipment
-
0.01%
Tenneco
Inc
10.47%,
11/17/2028
(n)
65
59
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.00%
Commercial
Services
-
0.16%
Garda
World
Security
Corp
9.72%,
10/30/2026
(n)
284
284
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
GTCR
W
Merger
Sub
LLC
0.00%,
09/20/2030
(n),(o)
210
210
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
WestJet
Loyalty
LP
0.00%,
01/31/2031
(n),(o)
455
450
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
$
944
Computers
-
0.05%
Virtusa
Corp
9.20%,
02/11/2028
(n)
265
264
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Diversified
Financial
Services
-
0.10%
Russell
Investments
US
Institutional
Holdco
Inc
8.36%,
05/30/2025
(n)
647
606
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Entertainment
-
0.02%
Lions
Gate
Capital
Holdings
LLC
7.68%,
03/24/2025
(n)
$
118
$
118
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
Food
-
0.01%
Fiesta
Purchaser
Inc
0.00%,
01/31/2031
(n),(o)
60
60
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
Healthcare
-
Products
-
0.12%
Medline
Borrower
LP
8.45%,
10/23/2028
(n)
725
723
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Lodging
-
0.04%
Fertitta
Entertainment
LLC/NV
9.33%,
01/13/2029
(n)
252
251
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
Media
-
0.09%
CSC
Holdings
LLC
7.95%,
04/15/2027
(n)
186
177
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Directv
Financing
LLC
10.83%,
08/02/2029
(n)
347
346
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.25%
$
523
Mining
-
0.06%
Arsenal
AIC
Parent
LLC
9.83%,
08/18/2030
(n)
339
339
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.50%
Packaging
&
Containers
-
0
.05%
Valcour
Packaging
LLC
9.21%,
09/30/2028
(n)
352
284
1
Month
USD
LIBOR
+
3.75%
Pharmaceuticals
-
0.04%
Jazz
Financing
Lux
Sarl
3.60%,
05/05/2028
(n)
238
238
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Retail
-
0.10%
Foundation
Building
Materials
Inc
0.00%,
01/24/2031
(n),(o)
60
60
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
IRB
Holding
Corp
7.61%,
12/15/2027
(n)
500
498
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
$
558
TOTAL
SENIOR
FLOATING
RATE
INTERESTS
$
5,395
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
-
40.30%
Principal
Amount
(000's)
Value
(000's)
Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
-
1.33%
3.00%,
01/01/2043
$
1,303
$
1,185
3.00%,
02/01/2043
593
539
3.00%,
03/01/2043
248
225
4.00%,
02/01/2046
2,536
2,444
4.50%,
04/01/2031
240
239
4.50%,
04/01/2041
1,495
1,490
5.00%,
06/01/2031
172
174
5.50%,
05/01/2033
19
20
5.50%,
10/01/2033
15
16
5.50%,
12/01/2033
281
290
Schedule
of
Investments
Core
Plus
Bond
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
23
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
(continued)
5.50%,
11/01/2036
$
279
$
286
5.50%,
04/01/2038
61
63
5.50%,
08/01/2038
148
153
6.00%,
06/01/2028
1
1
6.00%,
12/01/2031
9
9
6.00%,
12/01/2032
8
9
6.00%,
02/01/2033
48
50
6.00%,
12/01/2033
17
18
6.00%,
10/01/2036
73
76
6.00%,
07/01/2038
344
358
6.50%,
03/01/2029
1
1
6.50%,
05/01/2029
2
2
6.50%,
04/01/2031
1
1
6.50%,
02/01/2032
1
1
6.50%,
05/01/2032
3
3
6.50%,
04/01/2035
31
33
6.50%,
10/01/2035
20
21
7.00%,
12/01/2029
2
2
7.00%,
06/01/2030
5
5
7.50%,
09/01/2030
1
—
7.50%,
01/01/2031
2
2
7.50%,
03/01/2031
1
1
7.50%,
02/01/2032
1
1
8.00%,
09/01/2030
32
32
$
7,750
Federal
National
Mortgage
Association
(FNMA)
-
0.18%
5.00%,
07/01/2044
858
870
5.50%,
07/01/2033
210
211
1.00
x
Refinitiv
USD
IBOR
Consumer
Cash
Fallback
12-Month
+
1.57%
$
1,081
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
-
24.02%
1.50%,
12/01/2036
4,843
4,261
2.00%,
12/01/2035
1,404
1,269
2.00%,
03/01/2036
1,715
1,550
2.00%,
07/01/2050
2,147
1,744
2.00%,
01/01/2051
4,331
3,614
2.00%,
02/01/2051
8,877
7,318
2.00%,
03/01/2051
3,807
3,167
2.00%,
03/01/2051
5,169
4,247
2.00%,
11/01/2051
4,715
3,858
2.00%,
11/01/2051
4,286
3,508
2.00%,
12/01/2051
1,383
1,143
2.00%,
12/01/2051
4,325
3,528
2.00%,
05/01/2052
3,130
2,575
2.50%,
04/01/2028
579
557
2.50%,
06/01/2028
42
41
2.50%,
09/01/2029
157
150
2.50%,
06/01/2035
317
292
2.50%,
08/01/2035
1,458
1,357
2.50%,
05/01/2036
335
309
2.50%,
02/01/2051
2,847
2,448
2.50%,
07/01/2051
3,169
2,696
2.50%,
09/01/2051
4,127
3,522
2.50%,
09/01/2051
3,909
3,327
2.50%,
11/01/2051
1,937
1,654
2.50%,
01/01/2052
1,972
1,690
2.50%,
02/01/2052
1,750
1,490
2.50%,
04/01/2052
3,310
2,802
2.50%,
04/01/2052
1,783
1,515
3.00%,
10/01/2029
30
29
3.00%,
09/01/2032
63
61
3.00%,
12/01/2040
106
97
3.00%,
04/01/2043
201
183
3.00%,
05/01/2043
368
334
3.00%,
08/01/2043
1,316
1,195
3.00%,
11/01/2046
2,521
2,253
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
(continued)
3.00%,
03/01/2048
$
2,048
$
1,824
3.00%,
12/01/2048
62
55
3.00%,
07/01/2050
2,326
2,066
3.00%,
11/01/2050
787
700
3.00%,
03/01/2052
5,491
4,874
3.50%,
02/01/2033
11
11
3.50%,
05/01/2034
664
647
3.50%,
01/01/2041
69
65
3.50%,
01/01/2044
635
584
3.50%,
11/01/2044
1,284
1,196
3.50%,
04/01/2047
79
74
3.50%,
10/01/2047
33
31
3.50%,
11/01/2047
2,168
2,019
3.50%,
03/01/2048
18
16
3.50%,
08/01/2050
4,702
4,377
3.50%,
04/01/2052
2,881
2,636
3.50%,
06/01/2052
3,346
3,047
4.00%,
02/01/2031
84
82
4.00%,
03/01/2034
280
274
4.00%,
05/01/2047
2,319
2,223
4.00%,
06/01/2048
7
6
4.00%,
08/01/2052
4,574
4,324
4.50%,
04/01/2024
4
4
4.50%,
06/01/2044
322
319
4.50%,
09/01/2052
841
824
4.50%,
05/01/2053
1,851
1,794
4.50%,
07/01/2053
3,525
3,437
5.00%,
02/01/2039
(p)
300
301
5.00%,
06/01/2048
612
618
5.00%,
04/01/2053
2,480
2,471
5.00%,
06/01/2053
2,647
2,630
5.50%,
07/01/2033
27
28
5.50%,
09/01/2033
54
56
5.50%,
05/01/2040
84
86
5.50%,
11/01/2053
1,980
1,997
5.50%,
11/01/2053
2,107
2,134
5.50%,
02/01/2054
(p)
2,610
2,617
6.00%,
02/01/2038
59
61
6.00%,
05/01/2038
28
29
6.00%,
08/01/2038
129
133
6.00%,
08/01/2038
56
57
6.00%,
01/01/2053
4,346
4,510
6.00%,
02/01/2054
(p)
5,000
5,068
6.50%,
12/01/2031
2
2
6.50%,
02/01/2032
1
1
6.50%,
04/01/2032
1
1
6.50%,
07/01/2037
31
32
6.50%,
07/01/2037
111
116
6.50%,
12/01/2037
96
100
6.50%,
02/01/2038
142
149
6.50%,
09/01/2038
163
172
6.50%,
02/01/2054
(p)
6,100
6,244
7.00%,
03/01/2032
12
12
7.00%,
02/01/2054
(p)
3,400
3,506
7.50%,
08/01/2032
3
3
$
140,427
Government
National
Mortgage
Association
(GNMA)
-
9.96%
2.00%,
08/20/2050
1,521
1,267
2.00%,
07/20/2051
3,946
3,289
2.00%,
11/20/2051
1,271
1,058
2.50%,
06/20/2050
1,987
1,726
2.50%,
04/20/2051
2,651
2,294
2.50%,
05/20/2051
2,257
1,954
3.00%,
06/20/2043
1,000
910
3.00%,
01/20/2045
371
338
3.00%,
06/20/2046
182
165
3.00%,
07/20/2046
780
706
Schedule
of
Investments
Core
Plus
Bond
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
24
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Government
National
Mortgage
Association
(GNMA)
(continued)
3.00%,
11/20/2046
$
1,218
$
1,101
3.00%,
02/20/2050
820
738
3.00%,
09/20/2051
4,333
3,874
3.50%,
03/15/2042
516
488
3.50%,
04/15/2042
423
400
3.50%,
09/20/2044
49
46
3.50%,
09/20/2047
626
585
3.50%,
06/20/2048
775
721
3.50%,
04/20/2052
2,879
2,655
4.00%,
01/20/2048
1,772
1,705
4.00%,
04/20/2052
379
360
4.50%,
06/20/2025
168
167
4.50%,
09/15/2039
156
155
4.50%,
03/15/2040
688
685
4.50%,
09/20/2052
2,428
2,365
5.00%,
11/15/2033
590
600
5.00%,
06/15/2034
9
9
5.00%,
10/20/2039
46
46
5.00%,
02/15/2042
457
466
5.00%,
12/20/2052
1,982
1,970
5.00%,
02/20/2053
1,914
1,903
5.50%,
10/15/2033
266
274
5.50%,
05/20/2035
23
24
5.50%,
02/15/2038
221
228
5.50%,
02/20/2054
(p)
3,775
3,799
6.00%,
07/20/2028
7
7
6.00%,
11/20/2028
6
7
6.00%,
01/20/2029
7
8
6.00%,
07/20/2029
2
2
6.00%,
08/15/2031
12
12
6.00%,
01/15/2032
1
1
6.00%,
02/15/2032
4
4
6.00%,
02/15/2033
15
16
6.00%,
12/15/2033
9
9
6.00%,
02/20/2054
(p)
8,325
8,452
6.50%,
03/20/2028
1
1
6.50%,
05/20/2029
1
1
6.50%,
10/15/2032
5
5
6.50%,
12/15/2032
26
27
6.50%,
02/20/2054
(p)
7,650
7,819
7.00%,
06/15/2031
3
4
7.00%,
06/15/2032
20
20
7.00%,
02/20/2054
(p)
2,675
2,749
8.00%,
01/20/2031
2
2
$
58,217
U.S.
Treasury
-
1.51%
1.88%,
11/15/2051
1,300
794
3.00%,
11/15/2045
(q)
4,350
3,518
3.88%,
08/15/2040
(q)
4,720
4,534
$
8,846
U.S.
Treasury
Bill
-
3.30%
5.44%,
04/18/2024
(r)
3,475
3,436
5.44%,
05/02/2024
(r)
16,100
15,888
$
19,324
TOTAL
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
$
235,645
Total
Investments
$
628,724
Other
Assets
and
Liabilities
- (7.52)%
(43,998)
TOTAL
NET
ASSETS
-
100.00%
$
584,726
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$2,706
or
0.46%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
The
value
of
these
investments
was
determined
using
significant
unobservable
inputs,
in
good
faith
by
the
Manager,
under
procedures
established
and
periodically
reviewed
by
the
Board
of
Directors.
(f)
Perpetual
security.
Perpetual
securities
pay
an
indefinite
stream
of
interest,
but
they
may
be
called
by
the
issuer
at
an
earlier
date.
Date
shown,
if
any,
reflects
the
next
call
date
or
final
legal
maturity
date.
Rate
shown
is
as
of
period
end.
(g)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$87,852
or
15.02%
of
net
assets.
(h)
Security
or
a
portion
of
the
security
was
on
loan. At
the
end
of
the
period,
the
value
of
these
securities
totaled
$2,620
or
0.45%
of
net
assets.
(i)
Rate
shown
is
as
of
period
end.
The
rate
may
be
a
variable
or
floating
rate
or
a
fixed
rate
which
may
convert
to
a
variable
or
floating
rate
in
the
future.
(j)
Security
purchased
on
a
when-issued
basis.
(k)
Certain
variable
rate
securities
are
not
based
on
a
published
reference
rate
and
spread
but
are
determined
by
the
issuer
or
agent
and
are
based
on
current
market
conditions. These
securities
do
not
indicate
a
reference
rate
and
spread
in
their
description.
Rate
shown
is
the
rate
in
effect
as
of
period
end.
(l)
Security
is
an
Interest
Only
Strip.
(m)
Payment
in
kind;
the
issuer
has
the
option
of
paying
additional
securities
in
lieu
of
cash.
(n)
Rate
information
disclosed
is
based
on
an
average
weighted
rate
of
the
underlying
tranches
as
of
period
end.
(o)
This
Senior
Floating
Rate
Note
will
settle
after
January
31,
2024,
at
which
time
the
interest
rate
will
be
determined.
(p)
Security
was
purchased
in
a
"to-be-announced"
("TBA")
transaction.
(q)
Security
or
a
portion
of
the
security
was
pledged
to
cover
margin
requirements
for
futures
contracts.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$6,032
or
1.03%
of
net
assets.
(r)
Rate
shown
is
the
discount
rate
of
the
original
purchase.
Portfolio
Summary
Sector
Percent
Mortgage
Securities
42.53%
Financial
14.63%
Asset
Backed
Securities
13.01%
Consumer,
Non-cyclical
6.56%
Government
5.94%
Industrial
4.73%
Utilities
4.43%
Energy
3.53%
Technology
3.06%
Consumer,
Cyclical
2.93%
Communications
2.90%
Money
Market
Funds
2.43%
Basic
Materials
0.84%
Other
Assets
and
Liabilities
(7.52)%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
Core
Plus
Bond
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
25
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
10,531
$
49,342
$
48,365
$
11,508
$
10,531
$
49,342
$
48,365
$
11,508
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
79
$
—
$
—
$
—
$
79
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
US
10
Year
Note;
March
2024
Long
317
$
35,608
$
530
US
10
Year
Ultra
Note;
March
2024
Long
114
13,324
271
US
2
Year
Note;
March
2024
Long
16
3,290
22
US
5
Year
Note;
March
2024
Long
737
79,884
1,113
US
Long
Bond;
March
2024
Long
319
39,028
656
Total
$
2,592
Amounts
in
thousands
except
contracts.
Exchange
Cleared
Credit
Default
Swaps
Buy
Protection
Reference
Entity
Implied
Credit
Spread
as
of
January
31,
2024
(a)
(Pay)/
Receive
Fixed
Rate
Payment
Frequency
Maturity
Date
Notional
Amount
Upfront
Payments/
(Receipts)
Unrealized
Appreciation/
(Depreciation)
Fair
Value
CDX.NA.HY.41
N/A
(5.00)%
Quarterly
12/20/2028
$
14,850
$
(571)
$
(266)
$
(837)
Total
$
(571)
$
(266)
$
(837)
Amounts
in
thousands.
(a)
Implied
credit
spreads,
represented
in
absolute
terms,
used
in
determining
the
market
value
of
credit
default
swap
agreements
on
corporate
issues
or
sovereign
issues
as
of
period
end
serve
as
an
indicator
of
the
current
status
of
the
payment/performance
risk
and
represent
the
likelihood
or
risk
of
default
for
the
credit
derivative.
The
implied
credit
spread
of
a
particular
referenced
entity
reflects
the
cost
of
buying/selling
protection
and
may
include
upfront
payments
required
to
be
made
to
enter
into
the
agreement.
Wider
credit
spreads
represent
a
deterioration
of
the
referenced
entity's
credit
soundness
and
a
greater
likelihood
or
risk
of
default
or
other
credit
event
occurring
as
defined
under
the
terms
of
the
agreement.
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
26
INVESTMENT
COMPANIES
-
8.20%
Shares
Held
Value
(000's)
Closed-End
Funds
-
2.14%
Cliffwater
Enhanced
Lending
Fund
2,672,811
$
28,947
Variant
Alternative
Income
Fund
1,032,702
29,411
$
58,358
Exchange-Traded
Funds
-
1.86%
iShares
Core
U.S.
Aggregate
Bond
ETF
51,200
5,074
iShares
iBoxx
$
High
Yield
Corporate
Bond
ETF
259,550
20,110
iShares
J.P.
Morgan
USD
Emerging
Markets
Bond
ETF
57,600
5,068
Vanguard
Intermediate-Term
Corporate
Bond
ETF
249,625
20,279
$
50,531
Money
Market
Funds
-
4.20%
BlackRock
Liquidity
FedFund
-
Institutional
Class
5.21%
(a),(b)
9,649,951
9,650
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(a),(b),(c)
104,586,086
104,586
$
114,236
TOTAL
INVESTMENT
COMPANIES
$
223,125
COMMON
STOCKS
-
2.44%
Shares
Held
Value
(000's)
Distribution
&
Wholesale
-
0.38%
ATD
New
Holdings
Inc
(d),(e)
385,347
$
10,211
Entertainment
-
0.03%
Crown
Finance
US
Inc
-
1145
Shares
(d)
360
6
Crown
Finance
US
Inc
-
4A2
Shares
(d),(f)
53,754
861
$
867
Iron
&
Steel
-
0.57%
Specialty
Steel
Holdings,
Inc.
(d),(e)
87
15,463
Mining
-
1.17%
Arctic
Canadian
Diamond
Co
Ltd
(d),(e),(f)
6,589
1,845
Burgundy
Diamond
Mines
Ltd
(d)
11,967,877
1,404
Real
Alloy
Holding
Inc
(e)
362
28,481
$
31,730
Miscellaneous
Manufacturers
-
0.27%
Utex
Industries
(d)
120,675
7,401
Utex
Industries
-
Warrants
(d),(e)
53,725
6
$
7,407
Semiconductors
-
0.00%
Bright
Bidco
-
1145
Shares
(d)
10,688
4
Bright
Bidco
-
4A2
Shares
(d)
14,600
5
$
9
Software
-
0.02%
Avaya
Holdings
Corp
(d),(f)
12,271
76
Avaya
Holdings
Corp
(d)
58,250
359
Skillsoft
Corp
(d)
11,541
162
$
597
TOTAL
COMMON
STOCKS
$
66,284
PREFERRED
STOCKS
-
1.10%
Shares
Held
Value
(000's)
Banks
-
0.22%
Fifth
Third
Bancorp
9.30%,
03/04/2024
(g)
20,883
$
535
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.97%
KeyCorp
6.13%,
12/15/2026
(g)
46,140
1,104
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.15%
M&T
Bank
Corp
5.63%,
12/15/2026
(g)
24
—
3
Month
USD
LIBOR
+
4.02%
Morgan
Stanley
5.85%,
04/15/2027
(g)
59,100
1,460
3
Month
USD
LIBOR
+
3.49%
Morgan
Stanley
6.50%,
10/15/2027
(g)
10,000
267
Northern
Trust
Corp
4.70%,
01/01/2025
(g)
4,858
108
Regions
Financial
Corp
5.70%,
05/15/2029
(g)
37,100
831
3
Month
USD
LIBOR
+
3.15%
State
Street
Corp
5.90%,
03/15/2024
(g)
63,900
1,609
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.37%
US
Bancorp
4.00%,
04/15/2026
(g),(h)
10,000
183
$
6,097
PREFERRED
STOCKS
(continued)
Shares
Held
Value
(000’s)
Diversified
Financial
Services
-
0.09%
Affiliated
Managers
Group
Inc
4.75%,
09/30/2060
2,874
$
55
Affiliated
Managers
Group
Inc
5.88%,
03/30/2059
7,463
175
Capital
One
Financial
Corp
4.80%,
06/01/2025
(g)
13,934
270
Stifel
Financial
Corp
4.50%,
08/15/2026
(g)
2,239
41
Voya
Financial
Inc
5.35%,
09/15/2029
(g)
77,215
1,847
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.21%
$
2,388
Electric
-
0.34%
Algonquin
Power
&
Utilities
Corp
6.20%,
07/01/2079
1,695
42
3
Month
USD
LIBOR
+
4.01%
CMS
Energy
Corp
5.88%,
03/01/2079
189,839
4,701
DTE
Energy
Co
4.38%,
12/01/2081
(h)
6,005
129
DTE
Energy
Co
5.25%,
12/01/2077
35,000
828
Entergy
Louisiana
LLC
4.88%,
09/01/2066
9,359
210
NextEra
Energy
Capital
Holdings
Inc
5.65%,
03/01/2079
102,304
2,591
Southern
Co/The
5.25%,
12/01/2077
30,863
749
$
9,250
Food
-
0.04%
Dairy
Farmers
of
America
Inc
7.88%,
12/01/2025
(g),(i)
10,000
965
Insurance
-
0.05%
Allstate
Corp/The
4.75%,
01/15/2025
(g)
9,935
225
Allstate
Corp/The
5.10%,
10/15/2024
(g)
8,460
201
Equitable
Holdings
Inc
4.30%,
03/15/2026
(g)
5,055
86
Equitable
Holdings
Inc
5.25%,
12/15/2024
(g)
21,903
488
Prudential
Financial
Inc
5.95%,
09/01/2062
18,078
473
$
1,473
REITs
-
0.33%
Kimco
Realty
Corp
5.25%,
03/04/2024
(g)
5,967
140
Prologis
Inc
8.54%,
11/13/2026
(g)
73,032
4,002
Public
Storage
3.95%,
08/17/2026
(g)
2,000
37
Public
Storage
4.00%,
06/16/2026
(g)
83,260
1,587
Public
Storage
4.13%,
08/14/2025
(g)
80,000
1,559
Public
Storage
4.63%,
06/17/2025
(g),(h)
14,712
325
Public
Storage
4.70%,
11/15/2024
(g)
20,000
437
Public
Storage
5.60%,
03/11/2024
(g)
38,030
962
$
9,049
Sovereign
-
0.03%
CoBank
ACB
6.20%,
01/01/2025
(g)
7,000
687
3
Month
USD
LIBOR
+
3.74%
TOTAL
PREFERRED
STOCKS
$
29,909
BONDS
-
71.35%
Principal
Amount
(000's)
Value
(000's)
Advertising
-
0.35%
Clear
Channel
Outdoor
Holdings
Inc
9.00%,
09/15/2028
(h),(i)
$
1,680
$
1,747
Interpublic
Group
of
Cos
Inc/The
5.38%,
06/15/2033
100
101
JCDecaux
SE
2.63%,
04/24/2028
EUR
100
105
MMS
USA
Holdings
Inc
1.25%,
06/13/2028
100
100
Omnicom
Group
Inc
4.20%,
06/01/2030
$
100
97
Outfront
Media
Capital
LLC
/
Outfront
Media
Capital
Corp
4.25%,
01/15/2029
(i)
1,350
1,203
4.63%,
03/15/2030
(h),(i)
2,250
1,991
5.00%,
08/15/2027
(i)
4,225
4,044
WPP
Finance
SA
4.13%,
05/30/2028
EUR
200
223
$
9,611
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
27
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Aerospace
&
Defense
-
1.10%
Airbus
SE
1.63%,
06/09/2030
EUR
200
$
199
3.15%,
04/10/2027
(i)
$
150
144
BAE
Systems
PLC
3.40%,
04/15/2030
(i)
200
184
Boeing
Co/The
2.95%,
02/01/2030
200
178
3.10%,
05/01/2026
200
191
3.38%,
06/15/2046
698
492
4.88%,
05/01/2025
200
199
5.15%,
05/01/2030
841
843
5.71%,
05/01/2040
150
151
5.81%,
05/01/2050
300
300
5.93%,
05/01/2060
843
842
F-Brasile
SpA
/
F-Brasile
US
LLC
7.38%,
08/15/2026
(i)
1,990
1,968
General
Dynamics
Corp
3.25%,
04/01/2025
200
196
4.25%,
04/01/2050
150
135
HEICO
Corp
5.35%,
08/01/2033
100
102
L3Harris
Technologies
Inc
5.05%,
04/27/2045
100
97
5.40%,
01/15/2027
200
204
5.40%,
07/31/2033
1,271
1,309
Lockheed
Martin
Corp
2.80%,
06/15/2050
150
103
4.45%,
05/15/2028
909
910
4.75%,
02/15/2034
100
101
4.95%,
10/15/2025
150
151
5.90%,
11/15/2063
100
113
Northrop
Grumman
Corp
4.95%,
03/15/2053
530
515
5.15%,
05/01/2040
150
150
5.20%,
06/01/2054
713
716
5.25%,
05/01/2050
100
101
RTX
Corp
3.75%,
11/01/2046
150
120
4.15%,
05/15/2045
150
129
4.45%,
11/16/2038
200
185
4.70%,
12/15/2041
150
139
5.00%,
02/27/2026
200
201
5.38%,
02/27/2053
1,048
1,061
6.40%,
03/15/2054
646
744
TransDigm
Inc
4.63%,
01/15/2029
25
23
4.88%,
05/01/2029
2,200
2,056
5.50%,
11/15/2027
5,550
5,400
6.25%,
03/15/2026
(i)
4,310
4,281
6.88%,
12/15/2030
(i)
1,760
1,801
7.13%,
12/01/2031
(i)
1,775
1,850
7.50%,
03/15/2027
1,425
1,429
$
30,013
Agriculture
-
0.15%
Altria
Group
Inc
2.35%,
05/06/2025
300
290
3.70%,
02/04/2051
100
70
4.00%,
02/04/2061
100
73
5.95%,
02/14/2049
200
201
Archer-Daniels-Midland
Co
2.50%,
08/11/2026
200
188
4.50%,
08/15/2033
100
97
BAT
Capital
Corp
6.34%,
08/02/2030
200
211
6.42%,
08/02/2033
300
315
7.08%,
08/02/2043
200
212
BAT
International
Finance
PLC
4.00%,
11/23/2055
GBP
100
78
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Agriculture
(continued)
BAT
Netherlands
Finance
BV
3.13%,
04/07/2028
EUR
100
$
107
Bunge
Ltd
Finance
Corp
3.75%,
09/25/2027
$
100
96
Cargill
Inc
4.76%,
11/23/2045
(i)
200
190
Darling
Ingredients
Inc
6.00%,
06/15/2030
(i)
600
596
Imperial
Brands
Finance
Netherlands
BV
1.75%,
03/18/2033
EUR
100
85
Imperial
Brands
Finance
PLC
6.13%,
07/27/2027
(i)
$
200
206
Philip
Morris
International
Inc
0.80%,
08/01/2031
EUR
100
88
2.88%,
05/14/2029
100
105
4.88%,
02/15/2028
$
200
202
5.25%,
09/07/2028
200
205
5.50%,
09/07/2030
200
207
5.63%,
09/07/2033
200
207
$
4,029
Airlines
-
0.24%
Air
Canada
3.88%,
08/15/2026
(i)
350
333
American
Airlines
Inc/AAdvantage
Loyalty
IP
Ltd
5.75%,
04/20/2029
(i)
1,250
1,228
British
Airways
2020-1
Class
A
Pass
Through
Trust
4.25%,
05/15/2034
(i)
125
117
British
Airways
2021-1
Class
A
Pass
Through
Trust
2.90%,
09/15/2036
(i)
955
825
Hawaiian
Brand
Intellectual
Property
Ltd
/
HawaiianMiles
Loyalty
Ltd
5.75%,
01/20/2026
(i)
1,300
1,223
Mileage
Plus
Holdings
LLC
/
Mileage
Plus
Intellectual
Property
Assets
Ltd
6.50%,
06/20/2027
(i)
210
210
Qantas
Airways
Ltd
2.95%,
11/27/2029
AUD
200
114
Southwest
Airlines
Co
5.13%,
06/15/2027
$
100
101
VistaJet
Malta
Finance
PLC
/
Vista
Management
Holding
Inc
6.38%,
02/01/2030
(h),(i)
900
651
9.50%,
06/01/2028
(h),(i)
1,925
1,631
$
6,433
Apparel
-
0.15%
Hanesbrands
Inc
9.00%,
02/15/2031
(h),(i)
3,050
3,075
Kering
SA
0.75%,
05/13/2028
EUR
100
99
3.63%,
09/05/2027
100
110
3.63%,
09/05/2031
100
111
LVMH
Moet
Hennessy
Louis
Vuitton
SE
0.13%,
02/11/2028
300
293
NIKE
Inc
3.25%,
03/27/2040
$
100
82
3.38%,
03/27/2050
100
79
Tapestry
Inc
3.05%,
03/15/2032
100
80
VF
Corp
4.25%,
03/07/2029
EUR
100
106
$
4,035
Automobile
Asset
Backed
Securities
-
0.64%
AmeriCredit
Automobile
Receivables
Trust
2022-2
6.50%,
12/18/2025
$
525
525
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
1.15%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
28
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Automobile
Asset
Backed
Securities
(continued)
AmeriCredit
Automobile
Receivables
Trust
2023-2
6.19%,
04/19/2027
$
1,135
$
1,139
Carmax
Auto
Owner
Trust
2023-2
5.50%,
06/15/2026
2,269
2,268
Ford
Credit
Auto
Owner
Trust
2022-A
1.29%,
06/15/2026
977
952
GM
Financial
Automobile
Leasing
Trust
2022-3
4.01%,
09/22/2025
1,557
1,548
GM
Financial
Automobile
Leasing
Trust
2023-3
5.80%,
01/20/2026
1,223
1,222
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.45%
GM
Financial
Consumer
Automobile
Receivables
Trust
2023-3
5.74%,
09/16/2026
814
816
Honda
Auto
Receivables
2023-2
Owner
Trust
5.41%,
04/15/2026
1,325
1,325
Santander
Drive
Auto
Receivables
Trust
2023-2
5.87%,
03/16/2026
1,201
1,201
Santander
Drive
Auto
Receivables
Trust
2023-5
6.31%,
07/15/2027
1,975
1,985
Santander
Drive
Auto
Receivables
Trust
2024-1
5.71%,
02/16/2027
900
900
Tesla
Electric
Vehicle
Trust
2023-1
5.54%,
12/21/2026
(i)
1,425
1,429
Toyota
Auto
Receivables
2022-B
Owner
Trust
2.93%,
09/15/2026
981
964
Toyota
Auto
Receivables
2023-C
Owner
Trust
5.60%,
08/17/2026
1,230
1,232
$
17,506
Automobile
Manufacturers
-
1.07%
American
Honda
Finance
Corp
4.60%,
04/17/2025
200
199
4.70%,
01/12/2028
200
202
BMW
Finance
NV
3.50%,
04/06/2025
EUR
200
216
3.63%,
05/22/2035
150
166
BMW
US
Capital
LLC
2.80%,
04/11/2026
(i)
$
200
192
3.75%,
04/12/2028
(i)
200
194
Daimler
Truck
Finance
North
America
LLC
2.50%,
12/14/2031
(i)
260
217
3.65%,
04/07/2027
(i)
200
193
5.13%,
01/19/2028
(i)
456
461
5.20%,
01/17/2025
(i)
533
533
Daimler
Truck
International
Finance
BV
3.88%,
06/19/2026
EUR
100
110
Ford
Motor
Co
4.75%,
01/15/2043
$
1,100
907
5.29%,
12/08/2046
200
177
Ford
Motor
Credit
Co
LLC
2.90%,
02/10/2029
200
176
3.38%,
11/13/2025
200
192
4.00%,
11/13/2030
4,800
4,281
4.27%,
01/09/2027
300
289
4.69%,
06/09/2025
200
197
5.80%,
03/05/2027
375
377
6.80%,
11/07/2028
1,690
1,766
7.20%,
06/10/2030
725
771
General
Motors
Co
6.13%,
10/01/2025
200
203
6.25%,
10/02/2043
200
204
General
Motors
Financial
Co
Inc
2.70%,
06/10/2031
846
707
2.75%,
06/20/2025
1,045
1,011
2.90%,
02/26/2025
400
390
4.30%,
02/15/2029
EUR
100
111
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Automobile
Manufacturers
(continued)
General
Motors
Financial
Co
Inc
(continued)
5.80%,
06/23/2028
$
200
$
205
5.80%,
01/07/2029
2,315
2,377
5.85%,
04/06/2030
985
1,012
6.10%,
01/07/2034
200
206
6.40%,
01/09/2033
100
106
General
Motors
Financial
of
Canada
Ltd
5.20%,
02/09/2028
CAD
100
75
Honda
Canada
Finance
Inc
4.87%,
09/23/2027
100
75
Honda
Motor
Co
Ltd
2.97%,
03/10/2032
$
100
90
Hyundai
Capital
America
5.40%,
01/08/2031
(h),(i)
524
534
5.68%,
06/26/2028
(i)
250
257
5.80%,
06/26/2025
(i)
587
591
6.50%,
01/16/2029
(i)
608
646
Mercedes-Benz
Finance
North
America
LLC
4.80%,
03/30/2028
(i)
200
201
5.05%,
08/03/2033
(i)
150
152
5.38%,
11/26/2025
(i)
1,334
1,348
Mercedes-Benz
Group
AG
0.75%,
03/11/2033
EUR
200
177
1.38%,
05/11/2028
200
203
Mercedes-Benz
International
Finance
BV
3.50%,
05/30/2026
400
437
Nissan
Motor
Co
Ltd
3.52%,
09/17/2025
(i)
$
200
193
4.81%,
09/17/2030
(i)
200
187
PACCAR
Financial
Corp
4.45%,
03/30/2026
200
200
PACCAR
Financial
Europe
BV
2.38%,
03/15/2025
GBP
100
123
RCI
Banque
SA
1.13%,
01/15/2027
EUR
100
101
1.63%,
04/11/2025
100
105
1.75%,
04/10/2026
100
104
Stellantis
Finance
US
Inc
5.63%,
01/12/2028
(i)
$
200
208
Stellantis
NV
1.25%,
06/20/2033
EUR
150
132
2.00%,
03/20/2025
100
106
2.75%,
05/15/2026
100
107
Toyota
Credit
Canada
Inc
2.73%,
08/25/2025
CAD
200
144
Toyota
Motor
Corp
1.34%,
03/25/2026
$
200
187
5.28%,
07/13/2026
200
203
Toyota
Motor
Credit
Corp
1.90%,
04/06/2028
200
181
3.38%,
04/01/2030
100
94
3.85%,
07/24/2030
EUR
100
112
5.25%,
09/11/2028
$
200
206
Toyota
Motor
Finance
Netherlands
BV
0.75%,
12/19/2025
GBP
200
236
Traton
Finance
Luxembourg
SA
4.25%,
05/16/2028
EUR
100
111
Volkswagen
Financial
Services
NV
0.88%,
02/20/2025
GBP
200
241
1.13%,
07/05/2026
100
115
Volkswagen
Group
of
America
Finance
LLC
3.75%,
05/13/2030
(i)
$
200
188
6.45%,
11/16/2030
(i)
753
803
Volkswagen
International
Finance
NV
1.25%,
09/23/2032
EUR
100
89
3.50%,
06/17/2025
(g),(j)
200
211
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
3.75%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
29
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Automobile
Manufacturers
(continued)
Volkswagen
International
Finance
NV
(continued)
3.88%,
03/29/2026
EUR
200
$
218
4.13%,
11/16/2038
100
111
4.38%,
03/28/2031
(g),(j)
100
98
EUR
Swap
Annual
(VS
6
Month)
9
Year
+
3.36%
4.63%,
06/27/2028
(g),(j)
100
104
EUR
Swap
Annual
(VS
6
Month)
10
Year
+
3.98%
4.63%,
03/24/2026
(g),(j)
100
107
EUR
Swap
Annual
(VS
6
Month)
12
Year
+
2.97%
Volkswagen
Leasing
GmbH
0.25%,
01/12/2026
200
203
4.63%,
03/25/2029
150
170
Volvo
Treasury
AB
3.88%,
08/29/2026
200
220
$
29,052
Automobile
Parts
&
Equipment
-
0.51%
Aptiv
PLC
1.60%,
09/15/2028
100
100
Aptiv
PLC
/
Aptiv
Corp
3.25%,
03/01/2032
$
100
88
Clarios
Global
LP
/
Clarios
US
Finance
Co
8.50%,
05/15/2027
(i)
455
454
Continental
AG
2.50%,
08/27/2026
EUR
200
212
Dornoch
Debt
Merger
Sub
Inc
6.63%,
10/15/2029
(i)
$
7,026
6,378
Lear
Corp
5.25%,
05/15/2049
100
92
Magna
International
Inc
4.38%,
03/17/2032
EUR
100
115
Real
Hero
Merger
Sub
2
Inc
6.25%,
02/01/2029
(i)
$
7,135
6,190
Robert
Bosch
GmbH
4.00%,
06/02/2035
EUR
200
227
$
13,856
Banks
-
14.48%
ABN
AMRO
Bank
NV
2.38%,
06/01/2027
300
315
2.47%,
12/13/2029
(i),(j)
$
200
176
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.10%
3.88%,
12/21/2026
EUR
100
110
4.50%,
11/21/2034
100
115
4.80%,
04/18/2026
(i)
$
200
196
AIB
Group
PLC
2.25%,
07/03/2025
EUR
100
106
4.63%,
07/23/2029
(j)
100
111
EUR
Swap
Annual
(VS
6
Month)
1
Year
+
1.95%
ANZ
New
Zealand
Int'l
Ltd/London
5.36%,
08/14/2028
(i)
$
200
204
Australia
&
New
Zealand
Banking
Group
Ltd
0.67%,
05/05/2031
(j)
EUR
100
99
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
1.12%
2.95%,
07/22/2030
(i),(j)
$
300
287
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.29%
4.20%,
03/31/2026
AUD
300
195
6.75%,
06/15/2026
(g),(i),(j),(k)
$
2,600
2,620
USD
Swap
Rate
NY
5
Year
+
5.17%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Banca
Comerciala
Romana
SA
7.63%,
05/19/2027
(j)
EUR
1,300
$
1,477
3
Month
Euro
Interbank
Offered
Rate
+
4.54%
Banca
Transilvania
SA
8.88%,
04/27/2027
(j)
900
1,024
Euribor
Swap
Rate
1
Year
+
5.58%
Banco
Bilbao
Vizcaya
Argentaria
SA
0.13%,
03/24/2027
(j)
200
202
3
Month
Euro
Interbank
Offered
Rate
+
0.52%
0.50%,
01/14/2027
100
100
4.63%,
01/13/2031
(j)
100
113
3
Month
Euro
Interbank
Offered
Rate
+
1.70%
5.75%,
09/15/2033
(j)
100
113
Euribor
Swap
Rate
5
Year
+
2.80%
9.38%,
03/19/2029
(g),(j),(k)
$
1,500
1,590
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.10%
Banco
de
Credito
e
Inversiones
SA
2.88%,
10/14/2031
200
170
Banco
do
Brasil
SA/Cayman
6.25%,
04/15/2024
(g),(j),(k)
2,925
2,906
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
10
Year
+
4.40%
Banco
Mercantil
del
Norte
SA/Grand
Cayman
6.75%,
09/27/2024
(g),(i),(j),(k)
275
273
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.97%
6.75%,
09/27/2024
(g),(j),(k)
2,175
2,157
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.97%
Banco
Santander
Chile
3.18%,
10/26/2031
150
131
Banco
Santander
SA
0.20%,
02/11/2028
EUR
200
191
1.72%,
09/14/2027
(j)
$
200
181
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
0.90%
3.22%,
11/22/2032
(j)
200
167
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.60%
3.50%,
03/24/2025
200
196
3.75%,
01/16/2026
EUR
200
217
3.75%,
01/09/2034
100
108
3.88%,
01/16/2028
100
110
4.75%,
08/30/2028
(j)
GBP
100
125
Generic
Britain
1
Year
Government
Bond
+
2.50%
4.75%,
11/12/2026
(g),(j),(k)
$
1,600
1,377
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.75%
5.59%,
08/08/2028
2,800
2,850
5.75%,
08/23/2033
(j)
EUR
200
226
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
2.85%
6.92%,
08/08/2033
$
800
845
6.94%,
11/07/2033
1,400
1,552
9.63%,
11/21/2028
(g),(j),(k)
2,400
2,539
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.31%
Bancolombia
SA
4.63%,
12/18/2029
(j),(k)
2,881
2,713
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.94%
Bangkok
Bank
PCL/Hong
Kong
5.30%,
09/21/2028
200
203
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
30
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Bank
Gospodarstwa
Krajowego
5.38%,
05/22/2033
(i)
$
1,725
$
1,731
Bank
of
America
Corp
0.25%,
06/12/2026
CHF
300
336
0.65%,
10/26/2031
(j)
EUR
100
89
3
Month
Euro
Interbank
Offered
Rate
+
0.94%
0.98%,
09/25/2025
(j)
$
1,777
1,724
Secured
Overnight
Financing
Rate
+
0.91%
1.10%,
05/24/2032
(j)
EUR
100
90
3
Month
Euro
Interbank
Offered
Rate
+
0.95%
1.38%,
05/09/2030
(j)
100
97
3
Month
Euro
Interbank
Offered
Rate
+
0.91%
1.92%,
10/24/2031
(j)
$
400
327
Secured
Overnight
Financing
Rate
+
1.37%
2.02%,
02/13/2026
(j)
400
386
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.90%
2.46%,
10/22/2025
(j)
3,402
3,322
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.13%
2.48%,
09/21/2036
(j)
100
80
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.20%
2.59%,
04/29/2031
(j)
200
173
Secured
Overnight
Financing
Rate
+
2.15%
2.68%,
06/19/2041
(j)
300
217
Secured
Overnight
Financing
Rate
+
1.93%
2.97%,
07/21/2052
(j)
300
206
Secured
Overnight
Financing
Rate
+
1.56%
3.31%,
04/22/2042
1,176
928
Secured
Overnight
Financing
Rate
+
3.16%
3.62%,
03/16/2028
(j)
CAD
200
143
Canadian
Dollar
Offered
Rate
3
Month
+
1.48%
3.65%,
03/31/2029
(j)
EUR
200
217
3
Month
Euro
Interbank
Offered
Rate
+
3.67%
3.85%,
03/08/2037
$
2,910
2,585
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.00%
3.95%,
01/23/2049
(j)
200
167
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.45%
3.97%,
02/07/2030
(j)
1,876
1,790
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.47%
4.08%,
04/23/2040
1,659
1,470
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.16%
4.18%,
11/25/2027
1,826
1,782
4.24%,
04/24/2038
(j)
200
182
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.08%
4.25%,
10/22/2026
200
197
4.38%,
01/27/2027
(g),(j)
4,000
3,653
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.76%
4.57%,
04/27/2033
(j)
1,041
996
Secured
Overnight
Financing
Rate
+
1.83%
4.75%,
04/21/2045
200
185
4.83%,
07/22/2026
(j)
300
298
Secured
Overnight
Financing
Rate
+
1.75%
5.02%,
07/22/2033
(j)
200
198
Secured
Overnight
Financing
Rate
+
2.16%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Bank
of
America
Corp
(continued)
5.20%,
04/25/2029
(j)
$
100
$
101
Secured
Overnight
Financing
Rate
+
1.63%
5.82%,
09/15/2029
(j)
100
103
Secured
Overnight
Financing
Rate
+
1.57%
5.87%,
09/15/2034
(j)
100
105
Secured
Overnight
Financing
Rate
+
1.84%
5.93%,
09/15/2027
(j)
400
409
Secured
Overnight
Financing
Rate
+
1.34%
6.11%,
01/29/2037
1,269
1,370
6.13%,
04/27/2027
(g),(j)
3,900
3,884
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.23%
Bank
of
America
NA
5.53%,
08/18/2026
400
408
Bank
of
Ireland
Group
PLC
1.38%,
08/11/2031
(j)
EUR
200
201
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
1.65%
4.63%,
11/13/2029
(j)
100
112
Euribor
Swap
Rate
1
Year
+
1.55%
Bank
of
Montreal
1.76%,
03/10/2026
CAD
200
141
3.65%,
04/01/2027
200
144
4.70%,
09/14/2027
$
400
400
5.04%,
05/29/2028
CAD
200
151
Bank
of
New
York
Mellon
Corp/The
1.60%,
04/24/2025
$
150
144
3.70%,
03/20/2026
(g),(h),(j)
5,588
5,267
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.35%
4.41%,
07/24/2026
(j)
200
198
Secured
Overnight
Financing
Rate
+
1.35%
4.60%,
07/26/2030
(j)
200
198
Secured
Overnight
Financing
Rate
+
1.76%
4.70%,
09/20/2025
(g),(j)
3,900
3,833
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.36%
4.95%,
04/26/2027
(j)
100
100
Secured
Overnight
Financing
Rate
+
1.03%
4.97%,
04/26/2034
(j)
100
99
Secured
Overnight
Financing
Rate
+
1.61%
Bank
of
Nova
Scotia/The
1.05%,
03/02/2026
300
278
1.85%,
11/02/2026
CAD
300
208
1.95%,
02/02/2027
$
300
278
3.63%,
10/27/2081
(h),(j)
1,500
1,165
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.61%
4.50%,
12/16/2025
200
197
4.59%,
05/04/2037
(j)
1,972
1,790
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.05%
5.50%,
12/29/2025
CAD
300
226
5.65%,
02/01/2034
$
1,777
1,838
8.00%,
01/27/2084
(j)
3,000
3,048
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.02%
8.63%,
10/27/2082
(j)
1,000
1,035
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.39%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
31
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Bankinter
SA
1.25%,
12/23/2032
(j)
EUR
100
$
96
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
1.45%
4.88%,
09/13/2031
(j)
100
113
EUR
Swap
Annual
(VS
6
Month)
1
Year
+
1.75%
BankUnited
Inc
4.88%,
11/17/2025
$
1,471
1,446
5.13%,
06/11/2030
1,738
1,620
Banque
Federative
du
Credit
Mutuel
SA
0.01%,
05/11/2026
EUR
300
301
0.10%,
10/08/2027
100
97
0.75%,
01/17/2030
100
91
1.00%,
05/23/2025
200
209
1.00%,
07/16/2026
GBP
200
231
1.13%,
11/19/2031
EUR
100
87
1.88%,
11/04/2026
200
206
3.75%,
02/03/2034
100
109
4.13%,
06/14/2033
200
225
4.38%,
05/02/2030
100
112
4.94%,
01/26/2026
(i)
$
200
200
Barclays
PLC
1.38%,
01/24/2026
(j)
EUR
100
105
EUR
Swap
Annual
(VS
6
Month)
1
Year
+
0.78%
3.33%,
11/24/2042
(j)
$
200
149
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.30%
3.56%,
09/23/2035
(j)
1,981
1,698
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.90%
5.09%,
06/20/2030
(j)
300
289
3
Month
USD
LIBOR
+
3.05%
5.26%,
01/29/2034
(j)
EUR
100
116
EUR
Swap
Annual
(VS
6
Month)
1
Year
+
2.55%
6.50%,
09/13/2027
(j)
$
400
411
Secured
Overnight
Financing
Rate
+
1.88%
6.69%,
09/13/2034
(j)
200
213
Secured
Overnight
Financing
Rate
+
2.62%
8.41%,
11/14/2032
(j)
GBP
100
135
Generic
Britain
5
Year
Government
Bond
+
4.75%
9.63%,
12/15/2029
(g),(j),(k)
$
2,000
2,060
USD
SOFR
ICE
Swap
Rate
5
Year
+
5.78%
BBVA
Bancomer
SA/Texas
8.45%,
06/29/2038
(i),(j),(k)
1,600
1,670
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.66%
BNP
Paribas
SA
0.13%,
09/04/2026
EUR
400
399
0.50%,
01/19/2030
(j)
200
185
3
Month
Euro
Interbank
Offered
Rate
+
0.83%
1.32%,
01/13/2027
(i),(j)
$
632
585
Secured
Overnight
Financing
Rate
+
1.00%
1.38%,
05/28/2029
EUR
100
97
1.68%,
06/30/2027
(i),(j)
$
2,691
2,472
Secured
Overnight
Financing
Rate
+
0.91%
2.22%,
06/09/2026
(i),(j)
200
192
Secured
Overnight
Financing
Rate
+
2.07%
2.50%,
03/31/2032
(j)
EUR
100
102
Euribor
Swap
Rate
5
Year
+
1.60%
2.59%,
08/12/2035
(i),(j)
$
200
163
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.05%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
BNP
Paribas
SA
(continued)
2.88%,
02/24/2029
GBP
100
$
114
3.88%,
02/23/2029
(j)
EUR
200
221
3
Month
Euro
Interbank
Offered
Rate
+
0.78%
3.88%,
01/10/2031
(j)
100
111
3
Month
Euro
Interbank
Offered
Rate
+
0.92%
4.13%,
05/24/2033
100
114
4.63%,
03/13/2027
(i)
$
300
294
5.20%,
01/10/2030
(i),(j)
200
201
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.83%
5.34%,
06/12/2029
(i),(j)
200
203
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.50%
5.75%,
06/13/2032
GBP
100
131
5.89%,
12/05/2034
(i),(j)
$
1,316
1,376
Secured
Overnight
Financing
Rate
+
1.87%
6.63%,
03/25/2024
(g),(i),(j),(k)
400
399
USD
SOFR
Spread-Adj.
ICE
Swap
Rate
5
Year
+
4.15%
7.38%,
08/19/2025
(g),(i),(j),(k)
5,000
5,003
USD
Swap
Semi-Annual
5
Year
+
5.15%
BOI
Finance
BV
7.50%,
02/16/2027
EUR
1,400
1,402
BPCE
SA
0.25%,
01/14/2031
300
262
0.50%,
02/24/2027
100
99
1.63%,
03/02/2029
(j)
100
100
3
Month
Euro
Interbank
Offered
Rate
+
1.10%
2.25%,
03/02/2032
(j)
100
101
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
1.75%
2.50%,
11/30/2032
(j)
GBP
100
111
ICE
Swap
Rate
GBP
SONIA
5
Year
+
1.83%
3.38%,
12/02/2026
$
250
241
3.50%,
10/23/2027
(i)
250
235
3.58%,
10/19/2042
(i),(j)
950
678
Secured
Overnight
Financing
Rate
+
1.95%
3.63%,
04/17/2026
EUR
100
109
4.00%,
11/29/2032
100
112
4.88%,
04/01/2026
(i)
$
250
246
6.51%,
01/18/2035
(i),(j)
268
271
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.79%
6.71%,
10/19/2029
(i),(j)
250
263
Secured
Overnight
Financing
Rate
+
2.27%
CaixaBank
SA
0.63%,
01/21/2028
(j)
EUR
300
300
3
Month
Euro
Interbank
Offered
Rate
+
0.62%
2.25%,
04/17/2030
(j)
300
315
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
1.68%
3.75%,
09/07/2029
100
110
6.84%,
09/13/2034
(i),(j)
$
200
213
Secured
Overnight
Financing
Rate
+
2.77%
Canadian
Imperial
Bank
of
Commerce
0.05%,
10/15/2026
CHF
100
111
0.28%,
02/03/2027
100
111
2.01%,
07/21/2030
(j)
CAD
100
71
Canadian
Dollar
Offered
Rate
3
Month
+
1.28%
3.45%,
04/07/2027
$
200
193
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
32
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Canadian
Imperial
Bank
of
Commerce
(continued)
5.35%,
04/20/2033
(j)
CAD
100
$
75
CORRA
Compounded
Index
+
2.23%
5.50%,
01/14/2028
300
230
Ceska
sporitelna
AS
5.74%,
03/08/2028
(j)
EUR
1,800
2,016
3
Month
Euro
Interbank
Offered
Rate
+
2.35%
Citibank
NA
5.86%,
09/29/2025
$
300
305
Citigroup
Inc
0.50%,
11/01/2028
CHF
200
218
1.25%,
07/06/2026
(j)
EUR
200
209
3
Month
Euro
Interbank
Offered
Rate
+
1.66%
1.46%,
06/09/2027
(j)
$
100
92
Secured
Overnight
Financing
Rate
+
0.77%
1.75%,
10/23/2026
GBP
100
116
2.52%,
11/03/2032
(j)
$
300
248
Secured
Overnight
Financing
Rate
+
1.18%
2.57%,
06/03/2031
877
756
Secured
Overnight
Financing
Rate
+
4.21%
2.67%,
01/29/2031
(j)
300
262
Secured
Overnight
Financing
Rate
+
1.15%
2.90%,
11/03/2042
(j)
416
304
Secured
Overnight
Financing
Rate
+
1.38%
3.11%,
04/08/2026
(j)
1,243
1,212
Secured
Overnight
Financing
Rate
+
2.84%
3.29%,
03/17/2026
(j)
200
195
Secured
Overnight
Financing
Rate
+
1.53%
3.67%,
07/24/2028
(j)
335
320
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.65%
3.71%,
09/22/2028
(j)
EUR
200
218
3
Month
Euro
Interbank
Offered
Rate
+
1.25%
3.79%,
03/17/2033
(j)
$
2,281
2,058
Secured
Overnight
Financing
Rate
+
1.94%
3.88%,
02/18/2026
(g),(j)
3,000
2,764
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.42%
4.00%,
12/10/2025
(g),(j)
1,500
1,402
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.60%
4.45%,
09/29/2027
2,337
2,291
4.65%,
07/23/2048
50
46
4.66%,
05/24/2028
(j)
200
199
Secured
Overnight
Financing
Rate
+
1.89%
5.30%,
05/06/2044
200
195
5.88%,
02/22/2033
1,802
1,878
6.17%,
05/25/2034
687
712
Secured
Overnight
Financing
Rate
+
5.32%
6.27%,
11/17/2033
(j)
300
322
Secured
Overnight
Financing
Rate
+
2.34%
Citizens
Financial
Group
Inc
2.64%,
09/30/2032
3,675
2,856
5.65%,
10/06/2025
(g),(h),(j)
2,100
2,049
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.31%
5.84%,
01/23/2030
463
467
Secured
Overnight
Financing
Rate
+
4.02%
Comerica
Inc
4.00%,
02/01/2029
100
92
5.98%,
01/30/2030
(j)
100
100
Secured
Overnight
Financing
Rate
+
2.16%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Commerzbank
AG
1.50%,
08/28/2028
EUR
100
$
103
5.13%,
01/18/2030
(j)
100
113
3
Month
Euro
Interbank
Offered
Rate
+
2.40%
Commonwealth
Bank
of
Australia
2.30%,
03/14/2025
(i)
$
100
97
2.55%,
03/14/2027
(i)
400
376
3.74%,
09/12/2039
(i)
200
161
6.70%,
03/15/2038
(j)
AUD
200
136
3
Month
Bank
Bill
Swap
Rate
+
2.45%
Cooperatieve
Rabobank
UA
0.88%,
05/05/2028
(j)
EUR
300
299
3
Month
Euro
Interbank
Offered
Rate
+
1.18%
1.00%,
09/24/2026
(i),(j)
$
3,963
3,693
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
0.73%
1.25%,
03/23/2026
EUR
100
104
3.75%,
07/21/2026
$
250
241
3.76%,
04/06/2033
(i),(j)
250
226
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.42%
4.63%,
05/23/2029
GBP
100
122
Cooperatieve
Rabobank
UA/NY
5.50%,
07/18/2025
$
250
253
Credit
Agricole
SA
0.88%,
01/14/2032
EUR
200
177
1.00%,
09/18/2025
200
208
1.25%,
01/26/2027
(i)
$
1,304
1,207
Secured
Overnight
Financing
Rate
+
1.78%
2.00%,
03/25/2029
EUR
200
199
3.75%,
01/22/2034
100
109
4.00%,
10/12/2026
(j)
200
218
3
Month
Euro
Interbank
Offered
Rate
+
1.35%
4.00%,
01/10/2033
(i),(j)
$
250
234
USD
Swap
Semi-Annual
5
Year
+
1.64%
4.00%,
01/18/2033
EUR
100
113
4.88%,
10/23/2029
GBP
100
127
5.30%,
07/12/2028
(i)
$
1,615
1,651
6.25%,
01/10/2035
(i),(j)
1,331
1,357
Secured
Overnight
Financing
Rate
+
2.67%
8.13%,
12/23/2025
(g),(i),(j),(k)
6,800
6,970
USD
Swap
Semi-Annual
5
Year
+
6.19%
Credit
Agricole
SA/London
1.25%,
04/14/2026
EUR
200
207
Credit
Mutuel
Arkea
SA
0.88%,
05/07/2027
200
200
1.25%,
06/11/2029
(j)
100
98
3
Month
Euro
Interbank
Offered
Rate
+
1.50%
Credit
Suisse
AG/London
0.45%,
05/19/2025
200
208
Credit
Suisse
AG/New
York
NY
1.25%,
08/07/2026
$
300
274
7.50%,
02/15/2028
873
954
Crelan
SA
6.00%,
02/28/2030
(j)
EUR
100
116
Euribor
Swap
Rate
1
Year
+
2.85%
Danske
Bank
A/S
0.98%,
09/10/2025
(i),(j)
$
930
903
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
0.55%
1.50%,
09/02/2030
(j)
EUR
100
103
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
1.90%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
33
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Danske
Bank
A/S
(continued)
3.24%,
12/20/2025
(i),(j)
$
1,099
$
1,075
3
Month
USD
LIBOR
+
1.59%
4.13%,
01/10/2031
(j)
EUR
100
112
EUR
Swap
Annual
(VS
6
Month)
1
Year
+
1.25%
4.38%,
05/18/2026
(g),(j),(k)
$
3,000
2,734
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.39%
Deutsche
Bank
AG
1.38%,
09/03/2026
(j)
EUR
200
207
3
Month
Euro
Interbank
Offered
Rate
+
1.85%
1.63%,
01/20/2027
200
204
3.75%,
01/15/2030
(j)
200
217
3
Month
Euro
Interbank
Offered
Rate
+
1.25%
4.00%,
06/24/2026
(j)
GBP
200
247
SONIA
Interest
Rate
Benchmark
+
1.94%
Deutsche
Bank
AG/New
York
NY
2.13%,
11/24/2026
(j)
$
200
188
Secured
Overnight
Financing
Rate
+
1.87%
2.55%,
01/07/2028
(j)
918
844
Secured
Overnight
Financing
Rate
+
1.32%
3.04%,
05/28/2032
(j)
150
126
Secured
Overnight
Financing
Rate
+
1.72%
3.74%,
01/07/2033
(j)
1,750
1,432
Secured
Overnight
Financing
Rate
+
2.26%
6.72%,
01/18/2029
(j)
190
198
Secured
Overnight
Financing
Rate
+
3.18%
7.08%,
02/10/2034
569
581
Secured
Overnight
Financing
Rate
+
7.30%
Deutsche
Pfandbriefbank
AG
4.38%,
08/28/2026
EUR
100
107
Development
Bank
of
Japan
Inc
1.75%,
02/18/2025
(i)
$
1,720
1,661
DIB
Sukuk
Ltd
4.80%,
08/16/2028
300
298
DNB
Bank
ASA
0.25%,
02/23/2029
(j)
EUR
100
95
3
Month
Euro
Interbank
Offered
Rate
+
0.53%
3.63%,
02/16/2027
(j)
200
217
3
Month
Euro
Interbank
Offered
Rate
+
0.63%
Erste
Group
Bank
AG
0.10%,
11/16/2028
(j)
200
191
3
Month
Euro
Interbank
Offered
Rate
+
0.52%
Federation
des
Caisses
Desjardins
du
Quebec
2.05%,
02/10/2025
(i)
$
200
194
5.48%,
08/16/2028
CAD
200
154
Fifth
Third
Bancorp
5.63%,
01/29/2032
(j)
$
508
513
Secured
Overnight
Financing
Rate
+
1.84%
6.34%,
07/27/2029
(j)
269
280
Secured
Overnight
Financing
Rate
+
2.34%
6.36%,
10/27/2028
(j)
200
207
Secured
Overnight
Financing
Rate
+
2.19%
Fifth
Third
Bank
NA
5.85%,
10/27/2025
(j)
768
769
Secured
Overnight
Financing
Rate
+
1.23%
First
Horizon
Bank
5.75%,
05/01/2030
2,995
2,901
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Goldman
Sachs
Group
Inc/The
0.88%,
01/21/2030
EUR
300
$
279
1.09%,
12/09/2026
(j)
$
400
371
Secured
Overnight
Financing
Rate
+
0.79%
1.25%,
02/07/2029
EUR
100
97
1.43%,
03/09/2027
(j)
$
300
278
Secured
Overnight
Financing
Rate
+
0.80%
1.54%,
09/10/2027
(j)
1,541
1,406
Secured
Overnight
Financing
Rate
+
0.82%
2.38%,
07/21/2032
(j)
1,235
1,018
Secured
Overnight
Financing
Rate
+
1.25%
2.62%,
04/22/2032
(j)
400
338
Secured
Overnight
Financing
Rate
+
1.28%
3.10%,
02/24/2033
(j)
250
215
Secured
Overnight
Financing
Rate
+
1.41%
3.21%,
04/22/2042
1,400
1,080
Secured
Overnight
Financing
Rate
+
3.03%
3.50%,
04/01/2025
200
196
3.63%,
10/29/2029
(j)
GBP
100
119
Generic
Britain
1
Year
Government
Bond
+
1.95%
4.02%,
10/31/2038
(j)
$
200
177
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.63%
4.22%,
05/01/2029
(j)
1,242
1,202
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.56%
4.39%,
06/15/2027
(j)
200
198
Secured
Overnight
Financing
Rate
+
1.51%
4.95%,
02/10/2025
(g),(h),(j)
5,000
4,880
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.22%
5.15%,
05/22/2045
300
295
5.80%,
08/10/2026
(j)
300
303
Secured
Overnight
Financing
Rate
+
1.08%
6.45%,
05/01/2036
50
55
6.56%,
10/24/2034
(j)
100
110
Secured
Overnight
Financing
Rate
+
1.95%
6.75%,
10/01/2037
3,021
3,360
HSBC
Bank
Canada
3.40%,
03/24/2025
CAD
200
146
HSBC
Capital
Funding
Dollar
1
LP
10.18%,
06/30/2030
(g),(j)
$
5,300
6,706
3
Month
USD
LIBOR
+
4.98%
HSBC
Holdings
PLC
0.31%,
11/13/2026
(j)
EUR
100
102
3
Month
Euro
Interbank
Offered
Rate
+
0.82%
2.25%,
11/22/2027
(j)
$
3,463
3,191
Secured
Overnight
Financing
Rate
+
1.10%
3.00%,
03/10/2026
(j)
200
194
Secured
Overnight
Financing
Rate
+
1.43%
3.00%,
07/22/2028
(j)
GBP
200
235
GBP
Swap
SA
(VS
6
Month)
1
Year
+
1.65%
4.04%,
03/13/2028
(j)
$
400
386
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.81%
4.18%,
12/09/2025
(j)
1,593
1,573
Secured
Overnight
Financing
Rate
+
1.51%
4.79%,
03/10/2032
(j)
EUR
100
114
3
Month
Euro
Interbank
Offered
Rate
+
1.55%
5.40%,
08/11/2033
(j)
$
200
201
Secured
Overnight
Financing
Rate
+
2.87%
5.89%,
08/14/2027
(j)
200
203
Secured
Overnight
Financing
Rate
+
1.57%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
34
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
HSBC
Holdings
PLC
(continued)
6.16%,
03/09/2029
(j)
$
300
$
310
Secured
Overnight
Financing
Rate
+
1.97%
6.25%,
03/09/2034
(j)
2,250
2,389
Secured
Overnight
Financing
Rate
+
2.39%
6.33%,
03/09/2044
1,481
1,602
Secured
Overnight
Financing
Rate
+
5.30%
6.36%,
11/16/2032
(j)
EUR
100
115
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
3.30%
6.55%,
06/20/2034
(j)
$
200
208
Secured
Overnight
Financing
Rate
+
2.98%
6.80%,
06/01/2038
200
216
8.11%,
11/03/2033
(j)
600
689
Secured
Overnight
Financing
Rate
+
4.25%
8.20%,
11/16/2034
(j)
GBP
150
209
Generic
Britain
5
Year
Government
Bond
+
4.55%
HSBC
USA
Inc
5.63%,
03/17/2025
$
400
402
Huntington
Bancshares
Inc/OH
4.45%,
10/15/2027
(g),(j)
5,085
4,573
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
7
Year
+
4.05%
5.63%,
07/15/2030
(g),(j)
1,000
923
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
10
Year
+
4.95%
Huntington
National
Bank/The
4.55%,
05/17/2028
2,080
2,024
Secured
Overnight
Financing
Rate
+
3.30%
ING
Groep
NV
0.88%,
06/09/2032
(j)
EUR
100
97
Euribor
Swap
Rate
5
Year
+
1.15%
1.40%,
07/01/2026
(i),(j)
$
2,989
2,830
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.10%
1.75%,
02/16/2031
(j)
EUR
100
97
3
Month
Euro
Interbank
Offered
Rate
+
1.15%
2.00%,
09/20/2028
100
102
3.00%,
02/18/2026
GBP
100
122
3.87%,
03/28/2026
(j)
$
200
197
Secured
Overnight
Financing
Rate
+
1.64%
4.25%,
03/28/2033
(j)
200
187
Secured
Overnight
Financing
Rate
+
2.07%
4.75%,
05/23/2034
(j)
EUR
100
115
3
Month
Euro
Interbank
Offered
Rate
+
1.90%
5.00%,
02/20/2035
(j)
100
111
Euribor
Swap
Rate
5
Year
+
2.20%
6.11%,
09/11/2034
(j)
$
355
373
Secured
Overnight
Financing
Rate
+
2.09%
6.50%,
04/16/2025
(g),(j),(k)
2,500
2,444
USD
Swap
Semi-Annual
5
Year
+
4.45%
Intesa
Sanpaolo
SpA
2.50%,
01/15/2030
GBP
200
215
4.00%,
09/23/2029
(i)
$
200
184
4.38%,
08/29/2027
EUR
300
334
5.13%,
08/29/2031
100
117
6.63%,
06/20/2033
(i)
$
200
206
7.78%,
06/20/2054
(i),(j)
1,612
1,652
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
3.90%
Israel
Discount
Bank
Ltd
5.38%,
01/26/2028
(i)
625
609
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
JPMorgan
Chase
&
Co
0.60%,
02/17/2033
(j)
EUR
100
$
86
3
Month
Euro
Interbank
Offered
Rate
+
0.65%
0.99%,
04/28/2026
(j)
GBP
150
180
SONIA
Interest
Rate
Benchmark
+
0.68%
1.05%,
11/04/2032
(j)
EUR
200
180
3
Month
Euro
Interbank
Offered
Rate
+
0.87%
1.47%,
09/22/2027
(j)
$
300
274
Secured
Overnight
Financing
Rate
+
0.77%
2.01%,
03/13/2026
(j)
2,759
2,656
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.59%
2.07%,
06/01/2029
(j)
4,332
3,860
Secured
Overnight
Financing
Rate
+
1.02%
2.08%,
04/22/2026
(j)
400
385
Secured
Overnight
Financing
Rate
+
1.85%
2.52%,
04/22/2031
(j)
300
261
Secured
Overnight
Financing
Rate
+
2.04%
2.53%,
11/19/2041
(j)
4,467
3,188
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.51%
2.55%,
11/08/2032
(j)
526
441
Secured
Overnight
Financing
Rate
+
1.18%
2.58%,
04/22/2032
(j)
300
254
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.25%
2.60%,
02/24/2026
(j)
200
194
Secured
Overnight
Financing
Rate
+
0.92%
3.00%,
02/19/2026
EUR
200
216
3.11%,
04/22/2041
(j)
$
200
156
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.46%
3.16%,
04/22/2042
(j)
300
233
Secured
Overnight
Financing
Rate
+
1.46%
3.33%,
04/22/2052
(j)
100
73
Secured
Overnight
Financing
Rate
+
1.58%
3.54%,
05/01/2028
792
759
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.28%
3.65%,
06/01/2026
(g),(j)
7,500
6,912
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.85%
3.78%,
02/01/2028
(j)
400
387
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.60%
3.88%,
07/24/2038
(j)
200
176
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.62%
4.59%,
04/26/2033
(j)
200
193
Secured
Overnight
Financing
Rate
+
1.80%
4.85%,
02/01/2044
100
97
4.91%,
07/25/2033
(j)
476
470
Secured
Overnight
Financing
Rate
+
2.08%
4.95%,
06/01/2045
100
96
5.30%,
07/24/2029
(j)
400
407
Secured
Overnight
Financing
Rate
+
1.45%
5.34%,
01/23/2035
(j)
200
203
Secured
Overnight
Financing
Rate
+
1.62%
5.72%,
09/14/2033
2,412
2,486
Secured
Overnight
Financing
Rate
+
5.16%
6.25%,
10/23/2034
(j)
100
108
Secured
Overnight
Financing
Rate
+
1.81%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
35
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Jyske
Bank
A/S
4.63%,
04/11/2026
(j)
EUR
200
$
218
EUR
Swap
Annual
(VS
6
Month)
1
Year
+
2.10%
KBC
Group
NV
4.38%,
11/23/2027
(j)
100
110
3
Month
Euro
Interbank
Offered
Rate
+
1.70%
4.50%,
06/06/2026
(j)
200
218
3
Month
Euro
Interbank
Offered
Rate
+
0.95%
4.75%,
04/17/2035
(j)
100
109
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
2.25%
5.80%,
01/19/2029
(i),(j)
$
200
203
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.10%
KeyBank
NA/Cleveland
OH
3.40%,
05/20/2026
1,046
988
4.90%,
08/08/2032
476
427
KeyCorp
2.25%,
04/06/2027
100
90
2.55%,
10/01/2029
200
172
KeyCorp
Capital
III
7.75%,
07/15/2029
795
799
Lloyds
Bank
Corporate
Markets
PLC
2.38%,
04/09/2026
EUR
300
318
Lloyds
Banking
Group
PLC
1.99%,
12/15/2031
(j)
GBP
100
114
Generic
Britain
5
Year
Government
Bond
+
1.60%
2.00%,
04/12/2028
(j)
100
115
Generic
Britain
1
Year
Government
Bond
+
1.18%
5.68%,
01/05/2035
(j)
$
626
634
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.75%
5.87%,
03/06/2029
953
974
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
3.40%
7.50%,
09/27/2025
(g),(j),(k)
300
293
USD
Swap
Rate
NY
5
Year
+
4.50%
7.95%,
11/15/2033
(j)
200
227
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
3.75%
8.00%,
09/27/2029
(g),(j),(k)
4,500
4,412
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.91%
Luminor
Bank
AS/Estonia
0.54%,
09/23/2026
(j)
EUR
100
101
3
Month
Euro
Interbank
Offered
Rate
+
0.87%
7.25%,
01/16/2026
(j)
1,500
1,654
3
Month
Euro
Interbank
Offered
Rate
+
3.97%
M&T
Bank
Corp
3.50%,
09/01/2026
(g),(j)
$
3,000
2,400
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.68%
5.00%,
08/01/2024
(g),(h),(j)
1,000
952
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.17%
5.05%,
01/27/2034
(j)
100
94
Secured
Overnight
Financing
Rate
+
1.85%
7.41%,
10/30/2029
(j)
423
456
Secured
Overnight
Financing
Rate
+
2.80%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Macquarie
Bank
Ltd
3.62%,
06/03/2030
(i)
$
200
$
176
5.21%,
06/15/2026
(i)
200
201
Macquarie
Group
Ltd
3.76%,
11/28/2028
(i),(j)
100
94
3
Month
USD
LIBOR
+
1.37%
5.49%,
11/09/2033
(i),(j)
100
101
Secured
Overnight
Financing
Rate
+
2.87%
mBank
SA
8.38%,
09/11/2027
(j)
EUR
1,000
1,140
3
Month
Euro
Interbank
Offered
Rate
+
4.90%
Mediobanca
Banca
di
Credito
Finanziario
SpA
1.00%,
07/17/2029
(j)
100
97
3
Month
Euro
Interbank
Offered
Rate
+
0.90%
Mitsubishi
UFJ
Financial
Group
Inc
0.85%,
07/19/2029
200
193
1.54%,
07/20/2027
(j)
$
400
368
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
0.75%
2.19%,
02/25/2025
267
259
4.79%,
07/18/2025
(j)
1,386
1,380
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.70%
5.24%,
04/19/2029
(j)
400
406
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.70%
5.41%,
04/19/2034
(j)
300
308
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.97%
Mizuho
Financial
Group
Inc
0.21%,
10/07/2025
EUR
200
205
1.98%,
09/08/2031
(j)
$
300
246
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.53%
2.56%,
09/13/2025
(h),(j)
930
913
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.36%
2.56%,
09/13/2031
1,843
1,505
4.16%,
05/20/2028
EUR
300
332
5.67%,
05/27/2029
(j)
$
200
204
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.50%
5.78%,
07/06/2029
(j)
2,359
2,422
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.65%
Morgan
Stanley
0.50%,
10/26/2029
(j)
EUR
200
187
3
Month
Euro
Interbank
Offered
Rate
+
0.87%
0.99%,
12/10/2026
(j)
$
200
185
Secured
Overnight
Financing
Rate
+
0.72%
1.16%,
10/21/2025
(j)
818
790
Secured
Overnight
Financing
Rate
+
0.56%
1.51%,
07/20/2027
2,518
2,311
Secured
Overnight
Financing
Rate
+
1.72%
1.59%,
05/04/2027
(j)
712
659
Secured
Overnight
Financing
Rate
+
0.88%
2.48%,
09/16/2036
(j)
344
275
Secured
Overnight
Financing
Rate
+
1.36%
2.51%,
10/20/2032
(j)
200
167
Secured
Overnight
Financing
Rate
+
1.20%
3.22%,
04/22/2042
(j)
1,481
1,150
Secured
Overnight
Financing
Rate
+
1.49%
3.59%,
07/22/2028
3,239
3,096
3
Month
USD
LIBOR
+
1.34%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
36
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Morgan
Stanley
(continued)
3.62%,
04/01/2031
$
807
$
745
Secured
Overnight
Financing
Rate
+
6.24%
3.95%,
04/23/2027
200
195
4.00%,
07/23/2025
300
296
4.68%,
07/17/2026
(j)
465
462
Secured
Overnight
Financing
Rate
+
1.67%
4.81%,
10/25/2028
(j)
EUR
300
339
3
Month
Euro
Interbank
Offered
Rate
+
1.76%
5.16%,
04/20/2029
(j)
$
400
403
Secured
Overnight
Financing
Rate
+
1.59%
5.30%,
04/20/2037
1,603
1,572
Secured
Overnight
Financing
Rate
+
5.24%
5.42%,
07/21/2034
(j)
250
253
Secured
Overnight
Financing
Rate
+
1.88%
5.60%,
03/24/2051
(j)
350
376
Secured
Overnight
Financing
Rate
+
4.84%
5.79%,
11/18/2033
(j)
GBP
100
133
SONIA
Interest
Rate
Benchmark
+
2.25%
6.63%,
11/01/2034
(j)
$
100
111
Secured
Overnight
Financing
Rate
+
2.05%
Morgan
Stanley
Bank
NA
4.75%,
04/21/2026
300
300
National
Australia
Bank
Ltd
1.25%,
05/18/2026
EUR
100
104
1.70%,
09/15/2031
(j)
GBP
100
113
Generic
Britain
5
Year
Government
Bond
+
1.40%
2.13%,
05/24/2028
EUR
100
104
2.33%,
08/21/2030
(i)
$
250
206
3.52%,
06/12/2030
(j)
CAD
200
143
Canadian
Dollar
Offered
Rate
3
Month
+
1.58%
4.20%,
05/12/2026
AUD
200
130
National
Australia
Bank
Ltd/New
York
5.20%,
05/13/2025
$
250
251
National
Bank
of
Canada
5.30%,
11/03/2025
CAD
200
150
5.43%,
08/16/2032
(j)
100
75
Canadian
Overnight
Repo
Rate
Average
+
2.32%
National
Securities
Clearing
Corp
1.50%,
04/23/2025
(i)
$
300
288
NatWest
Group
PLC
1.64%,
06/14/2027
(j)
1,419
1,304
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
0.90%
2.06%,
11/09/2028
(j)
GBP
100
113
Generic
Britain
1
Year
Government
Bond
+
1.27%
3.03%,
11/28/2035
(j)
$
3,341
2,808
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.35%
3.07%,
05/22/2028
(j)
200
187
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.55%
3.62%,
03/29/2029
(j)
GBP
100
119
Generic
Britain
1
Year
Government
Bond
+
2.10%
4.77%,
02/16/2029
(j)
EUR
100
112
3
Month
Euro
Interbank
Offered
Rate
+
1.83%
5.76%,
02/28/2034
(j)
100
113
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
2.60%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
NatWest
Group
PLC
(continued)
6.02%,
03/02/2034
(j)
$
200
$
209
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.10%
NatWest
Markets
PLC
0.13%,
11/12/2025
EUR
200
204
Nordea
Bank
Abp
0.50%,
05/14/2027
200
200
2.88%,
08/24/2032
100
104
4.38%,
09/06/2026
(j)
100
109
3
Month
Euro
Interbank
Offered
Rate
+
0.68%
5.38%,
09/22/2027
(i)
$
1,170
1,189
Northern
Trust
Corp
3.15%,
05/03/2029
100
94
Nova
Kreditna
Banka
Maribor
dd
7.38%,
06/29/2026
(j)
EUR
300
334
3
Month
Euro
Interbank
Offered
Rate
+
3.50%
Nykredit
Realkredit
AS
4.00%,
07/17/2028
200
218
Oldenburgische
Landesbank
AG
5.63%,
02/02/2026
100
109
OP
Corporate
Bank
PLC
0.25%,
03/24/2026
150
151
0.38%,
06/16/2028
100
95
PNC
Financial
Services
Group
Inc/The
2.31%,
04/23/2032
(j)
$
200
166
Secured
Overnight
Financing
Rate
+
0.98%
2.60%,
07/23/2026
300
284
3.40%,
09/15/2026
(g),(j)
5,000
4,304
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.60%
4.63%,
06/06/2033
(j)
100
94
Secured
Overnight
Financing
Rate
+
1.85%
5.07%,
01/24/2034
(j)
100
98
Secured
Overnight
Financing
Rate
+
1.93%
6.20%,
09/15/2027
(g),(j)
500
490
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.24%
6.25%,
03/15/2030
(g),(j)
1,800
1,710
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
7
Year
+
2.81%
Raiffeisen
Bank
International
AG
1.38%,
06/17/2033
(j)
EUR
100
90
Euribor
Swap
Rate
5
Year
+
1.60%
4.75%,
01/26/2027
(j)
200
219
3
Month
Euro
Interbank
Offered
Rate
+
1.95%
Raiffeisenbank
AS
7.13%,
01/19/2026
(j)
1,600
1,746
3
Month
Euro
Interbank
Offered
Rate
+
3.93%
Raiffeisenbank
Austria
dd/Croatia
7.88%,
06/05/2027
(j)
1,300
1,485
3
Month
Euro
Interbank
Offered
Rate
+
4.38%
Regions
Bank/Birmingham
AL
6.45%,
06/26/2037
$
508
521
Regions
Financial
Corp
2.25%,
05/18/2025
100
96
5.75%,
06/15/2025
(g),(h),(j)
1,000
981
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.43%
7.38%,
12/10/2037
(h)
1,132
1,294
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
37
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Royal
Bank
of
Canada
1.40%,
11/02/2026
$
300
$
274
2.13%,
04/26/2029
EUR
100
102
2.14%,
11/03/2031
(j)
CAD
200
138
Canadian
Dollar
Offered
Rate
3
Month
+
0.61%
2.94%,
05/03/2032
(j)
150
105
Canadian
Dollar
Offered
Rate
3
Month
+
0.76%
3.37%,
09/29/2025
200
145
4.63%,
05/01/2028
200
149
4.95%,
04/25/2025
$
200
200
5.20%,
07/20/2026
200
202
5.34%,
06/23/2026
CAD
200
151
Santander
Holdings
USA
Inc
3.24%,
10/05/2026
$
100
94
6.57%,
06/12/2029
(j)
100
104
Secured
Overnight
Financing
Rate
+
2.70%
Santander
UK
Group
Holdings
PLC
6.53%,
01/10/2029
(j)
200
207
Secured
Overnight
Financing
Rate
+
2.60%
Skandinaviska
Enskilda
Banken
AB
3.75%,
02/07/2028
EUR
400
435
Societe
Generale
SA
0.50%,
06/12/2029
(j)
200
188
3
Month
Euro
Interbank
Offered
Rate
+
0.95%
1.13%,
06/30/2031
(j)
200
200
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
1.60%
2.63%,
05/30/2029
200
210
3.63%,
03/01/2041
(i)
$
900
629
5.63%,
06/02/2033
EUR
100
115
6.45%,
01/12/2027
(i),(j)
$
200
203
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.30%
6.69%,
01/10/2034
(i),(j)
200
210
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.95%
7.13%,
01/19/2055
(i),(j)
544
542
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.95%
8.00%,
09/29/2025
(g),(i),(j),(k)
2,000
2,007
USD
Swap
Rate
NY
5
Year
+
5.87%
10.00%,
11/14/2028
(g),(i),(j),(k)
200
213
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.45%
Sovcombank
Via
Sovcom
Capital
DAC
-
Escrow
0.00%,
12/31/2049
(d)
230
—
Standard
Chartered
PLC
1.46%,
01/14/2027
(i),(j)
300
276
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.00%
3.27%,
02/18/2036
(i),(j)
200
167
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.30%
4.75%,
01/14/2031
(g),(j),(k)
3,725
3,020
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.81%
4.87%,
05/10/2031
(j)
EUR
100
113
EUR
Swap
Annual
(VS
6
Month)
1
Year
+
1.85%
6.17%,
01/09/2027
(i),(j)
$
200
203
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.05%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Standard
Chartered
PLC
(continued)
6.19%,
07/06/2027
(i)
$
1,075
$
1,093
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
3.70%
State
Street
Corp
4.14%,
12/03/2029
(j)
200
194
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.29%
5.27%,
08/03/2026
100
101
Sumitomo
Mitsui
Financial
Group
Inc
1.47%,
07/08/2025
200
190
1.55%,
06/15/2026
EUR
200
207
5.72%,
09/14/2028
$
400
413
5.81%,
09/14/2033
200
211
5.88%,
07/13/2026
200
204
6.18%,
07/13/2043
100
113
Sumitomo
Mitsui
Trust
Bank
Ltd
2.80%,
03/10/2027
(i)
200
188
Svenska
Handelsbanken
AB
0.13%,
11/03/2026
EUR
200
199
2.63%,
09/05/2029
100
105
5.00%,
03/02/2028
AUD
300
198
Swedbank
AB
0.20%,
01/12/2028
EUR
200
189
1.54%,
11/16/2026
(i)
$
2,005
1,835
3.36%,
04/04/2025
(i)
200
196
Synovus
Bank/Columbus
GA
5.63%,
02/15/2028
555
545
TC
Ziraat
Bankasi
AS
9.50%,
08/01/2026
1,775
1,866
Texas
Capital
Bancshares
Inc
4.00%,
05/06/2031
(j)
1,540
1,418
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.15%
Toronto-Dominion
Bank/The
1.20%,
06/03/2026
300
277
2.00%,
09/10/2031
100
83
2.55%,
08/03/2027
EUR
300
316
2.67%,
09/09/2025
CAD
200
144
3.20%,
03/10/2032
$
100
88
4.48%,
01/18/2028
CAD
200
148
4.68%,
01/08/2029
200
149
5.26%,
12/11/2026
$
785
798
5.42%,
07/10/2026
CAD
300
227
8.13%,
10/31/2082
(j)
$
1,300
1,350
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.08%
Truist
Bank
1.50%,
03/10/2025
250
240
Truist
Financial
Corp
3.88%,
03/19/2029
100
94
4.12%,
06/06/2028
(j)
200
195
Secured
Overnight
Financing
Rate
+
1.37%
4.80%,
09/01/2024
(g),(h),(j)
5,000
4,772
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.00%
4.87%,
01/26/2029
(j)
100
99
Secured
Overnight
Financing
Rate
+
1.44%
4.92%,
07/28/2033
(j)
891
838
Secured
Overnight
Financing
Rate
+
2.24%
4.95%,
09/01/2025
(g),(j)
1,000
974
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.61%
5.12%,
01/26/2034
(j)
713
694
Secured
Overnight
Financing
Rate
+
1.85%
5.71%,
01/24/2035
526
535
Secured
Overnight
Financing
Rate
+
3.84%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
38
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Truist
Financial
Corp
(continued)
5.90%,
10/28/2026
(j)
$
200
$
202
Secured
Overnight
Financing
Rate
+
1.63%
UBS
AG/London
1.25%,
06/01/2026
300
276
UBS
Group
AG
0.25%,
01/29/2026
(j)
EUR
200
208
Euribor
Swap
Rate
1
Year
+
0.55%
0.25%,
11/05/2028
(j)
200
191
EUR
Swap
Annual
(VS
6
Month)
1
Year
+
0.77%
0.88%,
11/03/2031
200
175
1.00%,
06/24/2027
(j)
200
203
Euribor
Swap
Rate
1
Year
+
1.05%
1.49%,
08/10/2027
(i)
$
1,785
1,621
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.70%
1.88%,
11/03/2029
(j)
GBP
200
221
SONIA
Interest
Rate
Benchmark
+
0.96%
3.87%,
01/12/2029
(i),(j)
$
400
379
3
Month
USD
LIBOR
+
1.41%
4.63%,
03/17/2028
(j)
EUR
200
222
Euribor
Swap
Rate
1
Year
+
1.15%
4.75%,
05/12/2028
(i),(j)
$
1,513
1,491
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.75%
4.88%,
05/15/2045
250
241
4.99%,
08/05/2033
(i),(j)
200
194
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.40%
5.43%,
02/08/2030
(i),(j)
1,158
1,167
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.52%
5.71%,
01/12/2027
(i),(j)
200
201
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.55%
6.88%,
08/07/2025
(g),(j),(k)
3,000
2,964
USD
Swap
Semi-Annual
(VS
6
Month)
5
Year
+
4.59%
7.00%,
02/19/2025
(g),(j),(k)
3,000
2,989
USD
Swap
Semi-Annual
5
Year
+
4.87%
9.02%,
11/15/2033
(i),(j)
330
406
Secured
Overnight
Financing
Rate
+
5.02%
UniCredit
SpA
0.85%,
01/19/2031
EUR
200
178
1.25%,
06/16/2026
(j)
200
209
3
Month
Euro
Interbank
Offered
Rate
+
1.60%
United
Overseas
Bank
Ltd/Sydney
4.64%,
03/16/2026
AUD
200
131
US
Bancorp
1.38%,
07/22/2030
$
100
81
2.22%,
01/27/2028
(j)
447
412
Secured
Overnight
Financing
Rate
+
0.73%
2.49%,
11/03/2036
(j)
4,316
3,386
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
0.95%
3.00%,
07/30/2029
200
181
3.70%,
01/15/2027
(g),(j)
10,000
8,622
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.54%
5.73%,
10/21/2026
(j)
200
202
Secured
Overnight
Financing
Rate
+
1.43%
5.84%,
06/12/2034
(j)
200
206
Secured
Overnight
Financing
Rate
+
2.26%
Wachovia
Corp
5.50%,
08/01/2035
100
102
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Wells
Fargo
&
Co
1.00%,
02/02/2027
EUR
400
$
403
2.50%,
05/02/2029
GBP
100
112
2.57%,
02/11/2031
(j)
$
818
712
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.26%
2.88%,
10/30/2030
(j)
551
491
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.43%
3.07%,
04/30/2041
2,146
1,628
Secured
Overnight
Financing
Rate
+
5.06%
3.53%,
03/24/2028
(j)
400
383
Secured
Overnight
Financing
Rate
+
1.51%
3.90%,
05/01/2045
100
84
3.90%,
03/15/2026
(g),(j)
4,000
3,748
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.45%
4.15%,
01/24/2029
200
194
4.17%,
04/28/2026
(j)
CAD
200
147
Canadian
Dollar
Offered
Rate
3
Month
+
1.07%
4.30%,
07/22/2027
$
4,585
4,507
4.48%,
04/04/2031
(j)
200
194
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.03%
4.61%,
04/25/2053
(j)
250
224
Secured
Overnight
Financing
Rate
+
2.13%
4.75%,
12/07/2046
100
89
5.39%,
04/24/2034
(j)
913
921
Secured
Overnight
Financing
Rate
+
2.02%
5.50%,
01/23/2035
(j)
377
384
Secured
Overnight
Financing
Rate
+
1.78%
5.56%,
07/25/2034
(j)
200
204
Secured
Overnight
Financing
Rate
+
1.99%
5.57%,
07/25/2029
(j)
300
307
Secured
Overnight
Financing
Rate
+
1.74%
5.61%,
01/15/2044
864
869
Wells
Fargo
Bank
NA
5.45%,
08/07/2026
400
406
5.55%,
08/01/2025
400
404
6.60%,
01/15/2038
250
280
Westpac
Banking
Corp
2.35%,
02/19/2025
200
195
2.96%,
11/16/2040
150
105
3.02%,
11/18/2036
(j)
100
83
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.53%
3.70%,
01/16/2026
EUR
200
218
4.60%,
02/16/2026
AUD
300
197
5.46%,
11/18/2027
$
200
206
Westpac
Securities
NZ
Ltd/London
0.43%,
12/14/2026
EUR
150
149
Yapi
ve
Kredi
Bankasi
AS
9.25%,
01/17/2034
(i),(j)
$
1,525
1,531
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.28%
Zions
Bancorp
NA
3.25%,
10/29/2029
4,002
3,334
$
393,927
Beverages
-
0.41%
Anheuser-Busch
Cos
LLC
/
Anheuser-Busch
InBev
Worldwide
Inc
3.65%,
02/01/2026
130
128
4.90%,
02/01/2046
2,288
2,224
Anheuser-Busch
InBev
SA/NV
2.70%,
03/31/2026
EUR
200
214
2.75%,
03/17/2036
200
205
2.88%,
04/02/2032
100
106
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
39
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Beverages
(continued)
Anheuser-Busch
InBev
Worldwide
Inc
4.35%,
06/01/2040
$
400
$
371
5.45%,
01/23/2039
100
105
5.55%,
01/23/2049
200
212
5.80%,
01/23/2059
100
110
Asahi
Group
Holdings
Ltd
1.15%,
09/19/2025
EUR
100
104
Bacardi
Ltd
/
Bacardi-Martini
BV
5.90%,
06/15/2043
(i)
$
150
152
CCEP
Finance
Ireland
DAC
0.00%,
09/06/2025
(d)
EUR
200
205
1.50%,
05/06/2041
100
79
Coca-Cola
Co/The
0.50%,
03/09/2033
100
86
0.95%,
05/06/2036
100
83
1.50%,
03/05/2028
$
200
180
1.65%,
06/01/2030
200
170
2.25%,
01/05/2032
200
172
2.50%,
03/15/2051
100
65
Constellation
Brands
Inc
4.35%,
05/09/2027
530
525
4.90%,
05/01/2033
200
199
Diageo
Capital
PLC
2.00%,
04/29/2030
400
346
Diageo
Finance
PLC
2.50%,
03/27/2032
EUR
100
103
2.75%,
06/08/2038
GBP
100
99
Heineken
NV
1.50%,
10/03/2029
EUR
100
100
1.75%,
03/17/2031
100
99
2.88%,
08/04/2025
200
215
JDE
Peet's
NV
0.63%,
02/09/2028
100
97
Keurig
Dr
Pepper
Inc
3.80%,
05/01/2050
$
100
79
4.05%,
04/15/2032
150
142
Molson
Coors
Beverage
Co
3.00%,
07/15/2026
200
192
PepsiCo
Inc
0.88%,
07/18/2028
EUR
200
199
2.25%,
03/19/2025
$
1,256
1,221
2.63%,
10/21/2041
100
74
3.00%,
10/15/2027
400
382
3.38%,
07/29/2049
300
233
3.60%,
02/18/2028
639
623
3.90%,
07/18/2032
705
677
4.00%,
03/05/2042
344
310
Pernod
Ricard
SA
1.75%,
04/08/2030
EUR
100
100
3.75%,
09/15/2033
100
111
$
11,097
Biotechnology
-
0.32%
Amgen
Inc
2.80%,
08/15/2041
$
1,573
1,139
3.15%,
02/21/2040
502
391
4.40%,
05/01/2045
325
287
4.66%,
06/15/2051
200
179
5.25%,
03/02/2025
100
100
5.25%,
03/02/2033
620
632
5.50%,
12/07/2026
GBP
100
129
5.60%,
03/02/2043
$
400
411
5.65%,
03/02/2053
615
634
5.75%,
03/02/2063
851
877
Biogen
Inc
3.15%,
05/01/2050
100
68
4.05%,
09/15/2025
200
197
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Biotechnology
(continued)
CSL
Finance
PLC
4.63%,
04/27/2042
(i)
$
100
$
94
4.75%,
04/27/2052
(i)
597
561
Gilead
Sciences
Inc
4.15%,
03/01/2047
300
260
5.25%,
10/15/2033
200
208
5.55%,
10/15/2053
615
653
Regeneron
Pharmaceuticals
Inc
2.80%,
09/15/2050
722
468
Royalty
Pharma
PLC
2.15%,
09/02/2031
1,583
1,290
2.20%,
09/02/2030
100
84
3.35%,
09/02/2051
100
67
$
8,729
Building
Materials
-
0.60%
Aliaxis
Finance
SA
0.88%,
11/08/2028
EUR
100
93
AmeriTex
HoldCo
Intermediate
LLC
10.25%,
10/15/2028
(h),(i)
$
1,880
1,931
Carrier
Global
Corp
3.38%,
04/05/2040
1,402
1,125
3.58%,
04/05/2050
100
77
5.90%,
03/15/2034
(i)
304
325
Cie
de
Saint-Gobain
SA
2.38%,
10/04/2027
EUR
100
106
3.50%,
01/18/2029
100
110
CRH
SMW
Finance
DAC
4.25%,
07/11/2035
100
113
Eco
Material
Technologies
Inc
7.88%,
01/31/2027
(i)
$
3,650
3,648
Fortune
Brands
Innovations
Inc
4.00%,
06/15/2025
200
197
Heidelberg
Materials
Finance
Luxembourg
SA
1.63%,
04/07/2026
EUR
200
209
Holcim
Finance
Luxembourg
SA
0.50%,
11/29/2026
300
302
Johnson
Controls
International
PLC
4.25%,
05/23/2035
100
114
Johnson
Controls
International
PLC
/
Tyco
Fire
&
Security
Finance
SCA
1.75%,
09/15/2030
$
200
166
Lennox
International
Inc
5.50%,
09/15/2028
1,581
1,620
Martin
Marietta
Materials
Inc
2.40%,
07/15/2031
808
682
Mohawk
Capital
Finance
SA
1.75%,
06/12/2027
EUR
100
103
Oscar
AcquisitionCo
LLC
/
Oscar
Finance
Inc
9.50%,
04/15/2030
(h),(i)
$
3,510
3,398
Owens
Corning
3.40%,
08/15/2026
100
96
3.95%,
08/15/2029
100
95
Smyrna
Ready
Mix
Concrete
LLC
6.00%,
11/01/2028
(i)
1,425
1,393
Trane
Technologies
Financing
Ltd
3.80%,
03/21/2029
150
145
5.25%,
03/03/2033
100
103
Vulcan
Materials
Co
3.50%,
06/01/2030
100
93
$
16,244
Chemicals
-
0.59%
Air
Liquide
Finance
SA
0.38%,
05/27/2031
EUR
100
90
Air
Products
and
Chemicals
Inc
2.70%,
05/15/2040
$
150
113
Akzo
Nobel
NV
2.00%,
03/28/2032
EUR
100
96
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
40
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Chemicals
(continued)
Albemarle
Corp
5.05%,
06/01/2032
$
100
$
97
ASP
Unifrax
Holdings
Inc
5.25%,
09/30/2028
(i)
875
581
BASF
SE
0.88%,
05/22/2025
EUR
200
210
4.50%,
03/08/2035
100
116
Bayport
Polymers
LLC
5.14%,
04/14/2032
(i)
$
100
91
Braskem
Netherlands
Finance
BV
4.50%,
01/31/2030
(i)
528
418
7.25%,
02/13/2033
(i)
235
210
Celanese
US
Holdings
LLC
5.34%,
01/19/2029
EUR
100
113
6.17%,
07/15/2027
$
150
154
CF
Industries
Inc
5.38%,
03/15/2044
1,581
1,526
Chevron
Phillips
Chemical
Co
LLC
/
Chevron
Phillips
Chemical
Co
LP
3.40%,
12/01/2026
(i)
200
192
Dow
Chemical
Co/The
1.13%,
03/15/2032
EUR
100
90
4.38%,
11/15/2042
$
200
175
4.80%,
05/15/2049
100
90
DuPont
de
Nemours
Inc
5.32%,
11/15/2038
150
151
Eastman
Chemical
Co
5.75%,
03/08/2033
(h)
978
1,007
Ecolab
Inc
2.70%,
12/15/2051
1,382
916
3.95%,
12/01/2047
100
86
5.25%,
01/15/2028
812
834
FMC
Corp
5.15%,
05/18/2026
150
150
International
Flavors
&
Fragrances
Inc
4.38%,
06/01/2047
150
116
LANXESS
AG
0.00%,
09/08/2027
(d)
EUR
200
189
Linde
Inc/CT
3.20%,
01/30/2026
$
200
195
Linde
PLC
0.38%,
09/30/2033
EUR
100
84
1.00%,
03/31/2027
300
307
LYB
International
Finance
BV
4.88%,
03/15/2044
$
150
138
Nutrien
Ltd
2.95%,
05/13/2030
250
225
Orbia
Advance
Corp
SAB
de
CV
2.88%,
05/11/2031
200
165
RPM
International
Inc
2.95%,
01/15/2032
440
378
4.55%,
03/01/2029
942
923
Sasol
Financing
USA
LLC
8.75%,
05/03/2029
(i)
2,675
2,720
Sherwin-Williams
Co/The
2.20%,
03/15/2032
100
83
Sociedad
Quimica
y
Minera
de
Chile
SA
6.50%,
11/07/2033
(i)
1,775
1,840
Westlake
Corp
3.38%,
08/15/2061
1,263
815
4.38%,
11/15/2047
100
83
Yara
International
ASA
4.75%,
06/01/2028
(i)
200
196
$
15,963
Coal
-
0.12%
SunCoke
Energy
Inc
4.88%,
06/30/2029
(i)
3,275
2,958
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Coal
(continued)
Teck
Resources
Ltd
3.90%,
07/15/2030
$
250
$
233
$
3,191
Commercial
Mortgage
Backed
Securities
-
1.96%
BANK
2018-BNK10
1.87%,
02/15/2061
(i),(l),(m)
31,334
1,871
BANK
2018-BNK12
1.54%,
05/15/2061
(i),(l),(m)
18,728
957
BANK
2019-BNK16
1.99%,
02/15/2052
(i),(l),(m)
13,120
1,001
BANK
2019-BNK17
1.74%,
04/15/2052
(i),(l),(m)
11,541
798
BANK
2019-BNK19
1.16%,
08/15/2061
(i),(l),(m)
17,014
763
BANK
2019-BNK22
1.08%,
11/15/2062
(i),(l),(m)
18,082
834
BANK
2019-BNK24
1.13%,
11/15/2062
(i),(l),(m)
26,932
1,331
BANK
2020-BNK25
2.50%,
01/15/2063
(i)
1,550
1,026
BANK
2021-BNK35
1.50%,
06/15/2064
(i),(l),(m)
7,000
568
1.77%,
06/15/2064
(i),(m)
3,301
1,149
1.77%,
06/15/2064
(i),(m)
3,707
1,577
BANK
2021-BNK38
0.82%,
12/15/2064
(i),(l),(m)
10,388
463
BANK
2022-BNK40
1.01%,
03/15/2064
(i),(l),(m)
7,663
429
Barclays
Commercial
Mortgage
Trust
2019-C3
1.93%,
05/15/2052
(i),(l),(m)
6,117
475
Barclays
Commercial
Mortgage
Trust
2019-C4
1.30%,
08/15/2052
(i),(l),(m)
13,091
683
Barclays
Commercial
Mortgage
Trust
2019-C5
1.48%,
11/15/2052
(i),(l),(m)
14,866
898
BBCMS
Mortgage
Trust
2020-C6
1.31%,
02/15/2053
(i),(l),(m)
7,424
448
Benchmark
2018-B7
Mortgage
Trust
2.00%,
05/15/2053
(i),(l),(m)
16,962
1,302
Benchmark
2019-B10
Mortgage
Trust
2.01%,
03/15/2062
(i),(l),(m)
12,985
1,052
Benchmark
2019-B11
Mortgage
Trust
1.64%,
05/15/2052
(i),(l),(m)
13,924
880
Benchmark
2019-B12
Mortgage
Trust
1.23%,
08/15/2052
(i),(l),(m)
13,870
683
Benchmark
2019-B14
Mortgage
Trust
1.40%,
12/15/2062
(i),(l),(m)
14,908
897
Benchmark
2019-B15
Mortgage
Trust
1.09%,
12/15/2072
(i),(l),(m)
24,552
1,131
Benchmark
2020-B17
Mortgage
Trust
1.53%,
03/15/2053
(i),(l),(m)
12,580
835
Benchmark
2021-B31
Mortgage
Trust
1.26%,
12/15/2054
(i),(l),(m)
15,995
1,120
Benchmark
2022-B32
Mortgage
Trust
1.64%,
01/15/2055
(i),(l),(m)
13,067
1,145
Benchmark
2022-B33
Mortgage
Trust
1.74%,
03/15/2055
(i),(l),(m)
10,960
1,001
Benchmark
2022-B34
Mortgage
Trust
1.96%,
04/15/2055
(i),(l),(m)
7,270
828
Cantor
Commercial
Real
Estate
Lending
2019-CF2
1.57%,
11/15/2052
(i),(l),(m)
10,105
654
Cantor
Commercial
Real
Estate
Lending
2019-CF3
1.22%,
01/15/2053
(i),(l),(m)
11,514
620
Citigroup
Commercial
Mortgage
Trust
2019-C7
1.33%,
12/15/2072
(i),(l),(m)
15,766
907
Citigroup
Commercial
Mortgage
Trust
2019-GC41
0.97%,
08/10/2056
(i),(l),(m)
13,007
488
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
41
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Commercial
Mortgage
Backed
Securities
(continued)
Citigroup
Commercial
Mortgage
Trust
2019-GC43
0.74%,
11/10/2052
(i),(l),(m)
$
11,280
$
339
0.74%,
11/10/2052
(i),(l),(m)
2,528
72
0.74%,
11/10/2052
(i),(l),(m)
1,750
49
3.00%,
11/10/2052
(i)
5,000
2,985
3.00%,
11/10/2052
(i)
1,750
618
Citigroup
Commercial
Mortgage
Trust
2020-GC46
1.19%,
02/15/2053
(i),(l),(m)
21,133
1,111
COMM
2014-CCRE17
Mortgage
Trust
0.33%,
05/10/2047
(i),(l),(m)
44,717
36
COMM
2018-COR3
Mortgage
Trust
1.75%,
05/10/2051
(i),(l),(m)
15,800
931
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates
1.55%,
01/25/2043
(l),(m)
79,054
1,059
GS
Mortgage
Securities
Trust
2014-GC26
1.35%,
11/10/2047
(i),(l),(m)
29,811
218
GS
Mortgage
Securities
Trust
2018-GS10
1.55%,
07/10/2051
(i),(l),(m)
8,017
459
GS
Mortgage
Securities
Trust
2018-GS9
1.50%,
03/10/2051
(i),(l),(m)
8,353
398
GS
Mortgage
Securities
Trust
2019-GC40
1.29%,
07/10/2052
(i),(l),(m)
16,500
858
GS
Mortgage
Securities
Trust
2019-GSA1
1.13%,
11/10/2052
(i),(l),(m)
21,600
1,045
GS
Mortgage
Securities
Trust
2020-GC45
0.80%,
02/13/2053
(i),(l),(m)
25,009
837
JP
Morgan
Chase
Commercial
Mortgage
Securities
Trust
2006-CIBC17
5.49%,
12/12/2043
(m)
4,010
2,810
JPMCC
Commercial
Mortgage
Securities
Trust
2019-COR4
2.18%,
03/10/2052
(i),(l),(m)
18,869
1,576
JPMCC
Commercial
Mortgage
Securities
Trust
2019-COR5
1.93%,
06/13/2052
(i),(l),(m)
8,500
658
Morgan
Stanley
Bank
of
America
Merrill
Lynch
Trust
2015-C20
1.53%,
02/15/2048
(i),(l),(m)
41,500
382
Morgan
Stanley
Capital
I
Trust
2018-H3
2.01%,
07/15/2051
(i),(l),(m)
7,682
510
Morgan
Stanley
Capital
I
Trust
2019-H6
1.73%,
06/15/2052
(i),(l),(m)
4,693
311
Morgan
Stanley
Capital
I
Trust
2019-L3
1.27%,
11/15/2052
(i),(l),(m)
15,090
810
Morgan
Stanley
Capital
I
Trust
2020-L4
1.29%,
02/15/2053
(i),(l),(m)
13,626
791
UBS
Commercial
Mortgage
Trust
1.90%,
10/15/2052
(i),(l),(m)
12,767
1,037
UBS
Commercial
Mortgage
Trust
2019-C18
1.57%,
12/15/2052
(i),(l),(m)
11,574
787
Wells
Fargo
Commercial
Mortgage
Trust
2015-NXS1
0.53%,
05/15/2048
(l),(m)
24,936
111
Wells
Fargo
Commercial
Mortgage
Trust
2017-C42
1.70%,
12/15/2050
(i),(l),(m)
20,343
1,043
Wells
Fargo
Commercial
Mortgage
Trust
2018-C44
1.98%,
05/15/2051
(i),(l),(m)
8,022
511
Wells
Fargo
Commercial
Mortgage
Trust
2019-C49
2.30%,
03/15/2052
(i),(l),(m)
4,336
383
Wells
Fargo
Commercial
Mortgage
Trust
2019-C53
1.56%,
10/15/2052
(i),(l),(m)
8,777
599
Wells
Fargo
Commercial
Mortgage
Trust
2019-C54
1.49%,
12/15/2052
(i),(l),(m)
6,363
418
Wells
Fargo
Commercial
Mortgage
Trust
2021-C61
1.52%,
11/15/2054
(i),(l),(m)
9,132
773
$
53,339
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Commercial
Services
-
1.49%
Abertis
Infraestructuras
SA
4.13%,
01/31/2028
EUR
100
$
111
4.13%,
08/07/2029
100
111
Adani
Ports
&
Special
Economic
Zone
Ltd
4.00%,
07/30/2027
$
200
183
ALD
SA
4.75%,
10/13/2025
EUR
200
220
AMN
Healthcare
Inc
4.63%,
10/01/2027
(i)
$
1,925
1,835
APRR
SA
1.25%,
01/18/2028
EUR
300
304
Arval
Service
Lease
SA/France
4.00%,
09/22/2026
200
218
Ashtead
Capital
Inc
5.55%,
05/30/2033
(i)
$
200
198
ASTM
SpA
1.00%,
11/25/2026
EUR
200
201
Automatic
Data
Processing
Inc
3.38%,
09/15/2025
$
100
98
Autoroutes
du
Sud
de
la
France
SA
1.25%,
01/18/2027
EUR
100
103
2.75%,
09/02/2032
100
104
Autostrade
per
l'Italia
SpA
2.00%,
01/15/2030
100
96
5.13%,
06/14/2033
100
114
Block
Financial
LLC
3.88%,
08/15/2030
$
100
92
Cintas
Corp
No
2
3.45%,
05/01/2025
200
196
Duke
University
2.76%,
10/01/2050
100
70
Edenred
SE
3.63%,
12/13/2026
EUR
100
109
Equifax
Inc
5.10%,
06/01/2028
$
200
202
ERAC
USA
Finance
LLC
4.90%,
05/01/2033
(i)
200
200
Ford
Foundation/The
2.82%,
06/01/2070
1,405
878
Global
Payments
Inc
2.90%,
11/15/2031
200
170
GTCR
W-2
Merger
Sub
LLC
7.50%,
01/15/2031
(i)
720
748
Holding
d'Infrastructures
de
Transport
SASU
1.63%,
09/18/2029
EUR
100
97
ISS
Global
A/S
0.88%,
06/18/2026
100
101
Massachusetts
Institute
of
Technology
3.07%,
04/01/2052
$
100
75
Moody's
Corp
2.75%,
08/19/2041
100
73
3.75%,
03/24/2025
200
197
Motability
Operations
Group
PLC
2.38%,
03/14/2032
GBP
100
107
4.88%,
01/17/2043
100
120
PayPal
Holdings
Inc
2.65%,
10/01/2026
$
300
285
5.05%,
06/01/2052
100
99
President
and
Fellows
of
Harvard
College
2.52%,
10/15/2050
100
67
3.75%,
11/15/2052
100
85
PROG
Holdings
Inc
6.00%,
11/15/2029
(i)
4,500
4,110
Quanta
Services
Inc
2.35%,
01/15/2032
928
757
2.90%,
10/01/2030
867
761
3.05%,
10/01/2041
805
575
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
42
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Commercial
Services
(continued)
RELX
Finance
BV
0.50%,
03/10/2028
EUR
100
$
98
Rentokil
Initial
Finance
BV
3.88%,
06/27/2027
100
110
S&P
Global
Inc
2.70%,
03/01/2029
$
983
905
3.70%,
03/01/2052
100
80
4.75%,
08/01/2028
300
305
Service
Corp
International/US
4.00%,
05/15/2031
425
378
Sotheby's
7.38%,
10/15/2027
(h),(i)
6,650
6,391
Thomas
Jefferson
University
3.85%,
11/01/2057
100
76
Transurban
Finance
Co
Pty
Ltd
3.00%,
04/08/2030
EUR
100
106
4.56%,
11/14/2028
CAD
100
73
Transurban
Queensland
Finance
Pty
Ltd
3.25%,
08/05/2031
AUD
100
56
Triton
Container
International
Ltd
2.05%,
04/15/2026
(i)
$
2,959
2,726
3.15%,
06/15/2031
(i)
1,903
1,529
Trustees
of
Princeton
University/The
2.52%,
07/01/2050
200
137
University
of
Miami
4.06%,
04/01/2052
100
85
Upbound
Group
Inc
6.38%,
02/15/2029
(h),(i)
4,575
4,362
Verisk
Analytics
Inc
4.00%,
06/15/2025
200
197
VT
Topco
Inc
8.50%,
08/15/2030
(i)
3,200
3,344
Wand
NewCo
3
Inc
7.63%,
01/30/2032
(i)
4,135
4,270
ZipRecruiter
Inc
5.00%,
01/15/2030
(i)
1,325
1,180
$
40,478
Computers
-
0.87%
Apple
Inc
0.70%,
02/08/2026
200
186
1.38%,
05/24/2029
EUR
200
202
1.40%,
08/05/2028
$
2,178
1,932
1.65%,
02/08/2031
200
168
2.45%,
08/04/2026
300
286
2.65%,
05/11/2050
1,153
779
2.70%,
08/05/2051
581
393
2.85%,
08/05/2061
200
135
3.00%,
06/20/2027
1,874
1,801
3.35%,
08/08/2032
200
186
3.45%,
02/09/2045
200
165
3.95%,
08/08/2052
765
656
4.15%,
05/10/2030
200
200
4.45%,
05/06/2044
200
193
ASGN
Inc
4.63%,
05/15/2028
(i)
2,075
1,962
Booz
Allen
Hamilton
Inc
5.95%,
08/04/2033
357
375
Capgemini
SE
1.13%,
06/23/2030
EUR
100
96
2.00%,
04/15/2029
100
103
Dell
International
LLC
/
EMC
Corp
3.38%,
12/15/2041
$
1,422
1,080
5.75%,
02/01/2033
300
315
8.10%,
07/15/2036
1,163
1,434
DXC
Capital
Funding
DAC
0.95%,
09/15/2031
EUR
100
85
Fortinet
Inc
1.00%,
03/15/2026
$
200
184
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Computers
(continued)
Hewlett
Packard
Enterprise
Co
1.75%,
04/01/2026
$
1,610
$
1,504
4.90%,
10/15/2025
150
149
5.25%,
07/01/2028
(h)
1,418
1,441
HP
Inc
1.45%,
06/17/2026
300
276
5.50%,
01/15/2033
100
102
International
Business
Machines
Corp
0.88%,
02/09/2030
EUR
100
95
2.20%,
02/09/2027
$
200
187
3.38%,
02/06/2027
EUR
200
218
3.43%,
02/09/2052
$
200
148
4.00%,
02/06/2043
EUR
100
112
4.50%,
02/06/2026
$
300
299
4.88%,
02/06/2038
GBP
100
122
5.10%,
02/06/2053
$
100
98
KBR
Inc
4.75%,
09/30/2028
(i)
2,125
1,960
Kyndryl
Holdings
Inc
4.10%,
10/15/2041
100
76
Leidos
Inc
4.38%,
05/15/2030
1,106
1,060
5.75%,
03/15/2033
634
654
Lenovo
Group
Ltd
3.42%,
11/02/2030
200
177
Presidio
Holdings
Inc
8.25%,
02/01/2028
(i)
2,050
2,033
Western
Digital
Corp
2.85%,
02/01/2029
100
86
$
23,713
Consumer
Products
-
0.01%
Kimberly-Clark
Corp
2.00%,
11/02/2031
200
168
3.20%,
07/30/2046
100
76
$
244
Cosmetics
&
Personal
Care
-
0.29%
Estee
Lauder
Cos
Inc/The
4.38%,
05/15/2028
814
812
5.15%,
05/15/2053
100
100
Haleon
Netherlands
Capital
BV
2.13%,
03/29/2034
EUR
100
95
Haleon
UK
Capital
PLC
3.13%,
03/24/2025
$
1,160
1,135
Haleon
US
Capital
LLC
3.38%,
03/24/2027
250
241
3.63%,
03/24/2032
1,810
1,667
High
Ridge
Brands
-
Escrow
0.00%,
03/15/2025
(d),(e),(f)
15,607
—
Kenvue
Inc
4.90%,
03/22/2033
967
986
5.10%,
03/22/2043
200
205
L'Oreal
SA
3.13%,
05/19/2025
EUR
200
216
Procter
&
Gamble
Co/The
1.38%,
05/03/2025
GBP
200
243
3.25%,
08/02/2026
EUR
200
218
3.95%,
01/26/2028
$
1,233
1,229
4.05%,
01/26/2033
200
197
Unilever
Capital
Corp
5.00%,
12/08/2033
200
205
Unilever
Finance
Netherlands
BV
1.38%,
09/04/2030
EUR
300
294
$
7,843
Credit
Card
Asset
Backed
Securities
-
0.17%
Capital
One
Multi-Asset
Execution
Trust
1.04%,
11/15/2026
$
3,000
2,904
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
43
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Credit
Card
Asset
Backed
Securities
(continued)
Citibank
Credit
Card
Issuance
Trust
6.07%,
04/22/2026
$
1,685
$
1,687
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.73%
$
4,591
Distribution
&
Wholesale
-
0.05%
Ferguson
Finance
PLC
4.50%,
10/24/2028
(i)
200
198
Ritchie
Bros
Holdings
Inc
7.75%,
03/15/2031
(i)
925
975
Sumitomo
Corp
1.55%,
07/06/2026
200
184
$
1,357
Diversified
Financial
Services
-
3.68%
AerCap
Ireland
Capital
DAC
/
AerCap
Global
Aviation
Trust
3.30%,
01/30/2032
150
129
3.85%,
10/29/2041
150
120
6.50%,
07/15/2025
400
406
Air
Lease
Corp
5.30%,
02/01/2028
150
151
5.85%,
12/15/2027
200
204
Ally
Financial
Inc
4.70%,
05/15/2026
(g),(j)
1,500
1,216
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.87%
4.75%,
06/09/2027
300
292
6.70%,
02/14/2033
1,500
1,506
American
Express
Co
3.13%,
05/20/2026
100
97
3.55%,
09/15/2026
(g),(j)
10,600
9,450
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.85%
5.28%,
07/27/2029
(j)
400
407
Secured
Overnight
Financing
Rate
+
1.28%
Ameriprise
Financial
Inc
3.00%,
04/02/2025
100
98
Andrew
W
Mellon
Foundation/The
0.95%,
08/01/2027
200
177
Aviation
Capital
Group
LLC
6.25%,
04/15/2028
(i)
100
103
Avolon
Holdings
Funding
Ltd
2.53%,
11/18/2027
(i)
200
178
4.38%,
05/01/2026
(i)
100
97
Blackstone
Holdings
Finance
Co
LLC
1.63%,
08/05/2028
(i)
200
175
2.85%,
08/05/2051
(i)
200
126
Blue
Owl
Finance
LLC
3.13%,
06/10/2031
(i)
100
83
Bread
Financial
Holdings
Inc
7.00%,
01/15/2026
(h),(i)
1,489
1,502
9.75%,
03/15/2029
(i)
4,450
4,445
Burford
Capital
Global
Finance
LLC
9.25%,
07/01/2031
(i)
4,925
5,134
Cantor
Fitzgerald
LP
4.50%,
04/14/2027
(i)
100
96
Capital
One
Financial
Corp
1.65%,
06/12/2029
EUR
100
95
3.20%,
02/05/2025
$
200
196
3.80%,
01/31/2028
100
95
3.95%,
09/01/2026
(g),(j)
500
433
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.16%
4.93%,
05/10/2028
(j)
150
148
Secured
Overnight
Financing
Rate
+
2.06%
5.70%,
02/01/2030
(j),(n)
363
366
Secured
Overnight
Financing
Rate
+
1.91%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Diversified
Financial
Services
(continued)
Capital
One
Financial
Corp
(continued)
6.38%,
06/08/2034
(j)
$
200
$
208
Secured
Overnight
Financing
Rate
+
2.86%
Charles
Schwab
Corp/The
1.15%,
05/13/2026
200
184
3.30%,
04/01/2027
100
96
4.00%,
06/01/2026
(g),(j)
5,000
4,544
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.17%
5.64%,
05/19/2029
(j)
100
102
Secured
Overnight
Financing
Rate
+
2.21%
6.14%,
08/24/2034
(j)
100
106
Secured
Overnight
Financing
Rate
+
2.01%
CI
Financial
Corp
3.20%,
12/17/2030
100
81
CMB
International
Leasing
Management
Ltd
2.88%,
02/04/2031
200
169
CME
Group
Inc
5.30%,
09/15/2043
100
104
Credit
Acceptance
Corp
6.63%,
03/15/2026
(h)
1,300
1,300
9.25%,
12/15/2028
(i)
1,925
2,021
Deutsche
Boerse
AG
0.00%,
02/22/2026
(d)
EUR
100
102
Discover
Financial
Services
4.10%,
02/09/2027
$
200
192
6.13%,
06/23/2025
(g),(j)
1,500
1,474
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.78%
Drawbridge
Special
Opportunities
Fund
LP
/
Drawbridge
Special
Opportunities
Fin
ance
Corp
3.88%,
02/15/2026
(i)
800
738
Euronext
NV
0.13%,
05/17/2026
EUR
200
201
GGAM
Finance
Ltd
8.00%,
06/15/2028
(i)
$
1,050
1,093
IGM
Financial
Inc
6.00%,
12/10/2040
CAD
100
82
Intercontinental
Exchange
Inc
1.85%,
09/15/2032
$
200
158
3.00%,
09/15/2060
100
65
3.65%,
05/23/2025
100
98
4.00%,
09/15/2027
200
195
4.95%,
06/15/2052
1,088
1,055
5.20%,
06/15/2062
903
906
Invesco
Finance
PLC
3.75%,
01/15/2026
100
98
Jefferies
Financial
Group
Inc
2.63%,
10/15/2031
100
83
Lazard
Group
LLC
4.38%,
03/11/2029
100
96
LeasePlan
Corp
NV
2.13%,
05/06/2025
EUR
200
212
Lseg
Netherlands
BV
0.25%,
04/06/2028
200
193
Mastercard
Inc
1.90%,
03/15/2031
$
300
256
Nasdaq
Inc
0.90%,
07/30/2033
EUR
100
85
5.35%,
06/28/2028
$
100
102
5.95%,
08/15/2053
423
452
6.10%,
06/28/2063
388
418
Nationstar
Mortgage
Holdings
Inc
5.00%,
02/01/2026
(i)
1,700
1,657
5.50%,
08/15/2028
(i)
1,925
1,828
7.13%,
02/01/2032
(i),(n)
1,575
1,562
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
44
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Diversified
Financial
Services
(continued)
NFP
Corp
4.88%,
08/15/2028
(i)
$
1,700
$
1,686
6.88%,
08/15/2028
(i)
15,623
15,711
8.50%,
10/01/2031
(i)
2,010
2,212
Nomura
Holdings
Inc
2.17%,
07/14/2028
200
176
3.00%,
01/22/2032
200
169
OneMain
Finance
Corp
4.00%,
09/15/2030
2,525
2,138
6.63%,
01/15/2028
5,425
5,406
ORIX
Corp
5.20%,
09/13/2032
200
206
Oxford
Finance
LLC
/
Oxford
Finance
Co-Issuer
II
Inc
6.38%,
02/01/2027
(i)
4,100
3,890
Provident
Funding
Associates
LP
/
PFG
Finance
Corp
6.38%,
06/15/2025
(i)
2,855
2,672
Raymond
James
Financial
Inc
4.65%,
04/01/2030
200
201
Rocket
Mortgage
LLC
/
Rocket
Mortgage
Co-Issuer
Inc
3.88%,
03/01/2031
(i)
4,375
3,823
4.00%,
10/15/2033
(i)
1,075
912
Sagen
MI
Canada
Inc
3.26%,
03/05/2031
CAD
100
62
SIX
Finance
Luxembourg
SA
0.00%,
12/02/2025
(d)
EUR
200
203
SOCAR
Turkey
Enerji
AS
via
Steas
Funding
1
DAC
7.23%,
03/17/2026
$
1,800
1,773
Synchrony
Financial
2.88%,
10/28/2031
200
159
4.50%,
07/23/2025
5,411
5,303
United
Wholesale
Mortgage
LLC
5.50%,
11/15/2025
(i)
700
691
5.50%,
04/15/2029
(i)
975
921
USAA
Capital
Corp
3.38%,
05/01/2025
(i)
1,642
1,611
Visa
Inc
2.00%,
06/15/2029
EUR
100
103
2.05%,
04/15/2030
$
300
263
3.65%,
09/15/2047
100
83
$
100,215
Electric
-
3.26%
AES
Corp/The
2.45%,
01/15/2031
818
683
5.45%,
06/01/2028
840
851
Alabama
Power
Co
3.00%,
03/15/2052
250
172
3.70%,
12/01/2047
100
79
Alliant
Energy
Finance
LLC
5.95%,
03/30/2029
(i)
544
566
AltaLink
LP
4.87%,
11/15/2040
CAD
100
76
Ameren
Corp
5.70%,
12/01/2026
$
505
516
Ameren
Illinois
Co
3.85%,
09/01/2032
100
93
American
Electric
Power
Co
Inc
5.63%,
03/01/2033
770
794
5.70%,
08/15/2025
300
302
Amprion
GmbH
4.13%,
09/07/2034
EUR
100
113
Appalachian
Power
Co
4.50%,
03/01/2049
$
100
84
7.00%,
04/01/2038
200
233
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
Arizona
Public
Service
Co
4.50%,
04/01/2042
$
100
$
87
5.55%,
08/01/2033
100
103
Ausgrid
Finance
Pty
Ltd
1.81%,
02/05/2027
AUD
200
119
AusNet
Services
Holdings
Pty
Ltd
1.63%,
03/11/2081
(j)
EUR
150
149
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
1.94%
2.60%,
07/31/2029
AUD
100
57
Avangrid
Inc
3.20%,
04/15/2025
$
2,312
2,251
3.80%,
06/01/2029
100
94
Avista
Corp
4.00%,
04/01/2052
100
78
Baltimore
Gas
and
Electric
Co
5.40%,
06/01/2053
100
102
Berkshire
Hathaway
Energy
Co
3.80%,
07/15/2048
100
79
4.05%,
04/15/2025
200
198
4.60%,
05/01/2053
100
88
Black
Hills
Corp
6.15%,
05/15/2034
100
105
Brookfield
Infrastructure
Finance
ULC
5.98%,
02/14/2033
CAD
100
78
Brookfield
Renewable
Partners
ULC
3.38%,
01/15/2030
100
69
5.88%,
11/09/2032
100
78
Bruce
Power
LP
4.99%,
12/21/2032
200
150
Buffalo
Energy
Mexico
Holdings
/
Buffalo
Energy
Infrastructure
/
Buffalo
Energy
7.88%,
02/15/2039
(i)
$
1,500
1,551
CenterPoint
Energy
Inc
2.65%,
06/01/2031
200
170
CMS
Energy
Corp
3.75%,
12/01/2050
(j)
671
542
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.90%
4.75%,
06/01/2050
(j)
1,105
1,000
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.12%
Colbun
SA
3.95%,
10/11/2027
200
192
Comision
Federal
de
Electricidad
5.00%,
09/29/2036
1,694
1,483
Commonwealth
Edison
Co
3.80%,
10/01/2042
200
165
Consolidated
Edison
Co
of
New
York
Inc
3.20%,
12/01/2051
200
141
3.95%,
04/01/2050
864
716
4.45%,
03/15/2044
486
433
4.50%,
05/15/2058
200
174
Constellation
Energy
Generation
LLC
5.80%,
03/01/2033
200
209
Consumers
Energy
Co
3.60%,
08/15/2032
200
185
4.90%,
02/15/2029
100
102
Dominion
Energy
Inc
3.30%,
03/15/2025
200
196
3.38%,
04/01/2030
100
91
4.65%,
12/15/2024
(g),(j)
8,000
7,680
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.99%
4.85%,
08/15/2052
200
180
5.75%,
10/01/2054
(j)
441
438
3
Month
USD
LIBOR
+
3.06%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
45
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
DTE
Electric
Co
1.90%,
04/01/2028
$
200
$
181
3.95%,
03/01/2049
1,360
1,122
4.05%,
05/15/2048
100
84
DTE
Energy
Co
4.88%,
06/01/2028
1,194
1,199
Duke
Energy
Carolinas
LLC
3.55%,
03/15/2052
545
408
3.95%,
03/15/2048
200
162
5.40%,
01/15/2054
329
333
Duke
Energy
Corp
2.65%,
09/01/2026
300
285
3.10%,
06/15/2028
EUR
100
107
3.75%,
09/01/2046
$
300
231
4.88%,
09/16/2024
(g),(j)
9,850
9,739
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.39%
5.00%,
12/08/2027
200
202
Duke
Energy
Florida
LLC
5.95%,
11/15/2052
445
482
Duke
Energy
Indiana
LLC
3.25%,
10/01/2049
200
141
5.40%,
04/01/2053
200
200
Duke
Energy
Ohio
Inc
5.65%,
04/01/2053
328
339
Duke
Energy
Progress
LLC
2.50%,
08/15/2050
200
124
4.00%,
04/01/2052
706
568
Duquesne
Light
Holdings
Inc
2.53%,
10/01/2030
(i)
100
84
E.ON
International
Finance
BV
1.00%,
04/13/2025
EUR
100
105
5.88%,
10/30/2037
GBP
100
132
E.ON
SE
1.00%,
10/07/2025
EUR
200
209
3.50%,
10/26/2037
200
206
Eastern
Power
Networks
PLC
1.88%,
06/01/2035
GBP
200
187
Edison
International
5.25%,
11/15/2028
$
200
202
EDP
Finance
BV
3.88%,
03/11/2030
EUR
100
111
Electricidad
Firme
de
Mexico
Holdings
SA
de
CV
4.90%,
11/20/2026
(i)
$
1,850
1,706
Electricite
de
France
SA
5.70%,
05/23/2028
(i)
927
956
Emera
US
Finance
LP
4.75%,
06/15/2046
1,481
1,224
Enel
Finance
America
LLC
2.88%,
07/12/2041
(i)
400
273
Enel
Finance
International
NV
1.50%,
07/21/2025
EUR
400
420
3.50%,
04/06/2028
(i)
$
747
704
4.25%,
06/15/2025
(i)
200
197
4.50%,
02/20/2043
EUR
100
112
4.75%,
05/25/2047
(i)
$
683
597
7.75%,
10/14/2052
(i)
720
887
Enel
SpA
5.75%,
06/22/2037
GBP
100
130
6.38%,
04/16/2028
(g),(j)
EUR
200
229
Euribor
Swap
Rate
5
Year
+
3.49%
Engie
Energia
Chile
SA
3.40%,
01/28/2030
$
200
175
Engie
SA
0.38%,
06/11/2027
EUR
200
197
1.88%,
01/02/2031
(g),(j)
100
90
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
2.09%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
Engie
SA
(continued)
3.63%,
01/11/2030
EUR
200
$
220
4.25%,
01/11/2043
100
111
5.63%,
04/03/2053
GBP
100
128
Entergy
Arkansas
LLC
4.20%,
04/01/2049
$
100
85
Entergy
Louisiana
LLC
2.35%,
06/15/2032
200
166
2.40%,
10/01/2026
300
282
Entergy
Mississippi
LLC
3.50%,
06/01/2051
471
346
Entergy
Texas
Inc
4.50%,
03/30/2039
2,021
1,847
5.00%,
09/15/2052
372
347
Eurogrid
GmbH
0.74%,
04/21/2033
EUR
100
85
Evergy
Metro
Inc
4.20%,
06/15/2047
$
200
166
Eversource
Energy
3.45%,
01/15/2050
100
71
Exelon
Corp
4.10%,
03/15/2052
100
80
4.70%,
04/15/2050
100
89
5.60%,
03/15/2053
462
466
FirstEnergy
Transmission
LLC
4.55%,
04/01/2049
(i)
1,740
1,489
Florida
Power
&
Light
Co
2.85%,
04/01/2025
200
196
3.95%,
03/01/2048
200
167
3.99%,
03/01/2049
100
84
4.05%,
10/01/2044
100
87
FortisAlberta
Inc
4.27%,
09/22/2045
CAD
100
69
Georgia
Power
Co
3.25%,
03/15/2051
$
1,425
1,021
Hydro
One
Inc
1.76%,
02/28/2025
CAD
200
144
3.63%,
06/25/2049
300
188
Iberdrola
Finanzas
SA
1.25%,
09/13/2027
EUR
100
103
1.38%,
03/11/2032
100
95
1.58%,
08/16/2027
(g),(j)
200
194
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
1.68%
1.62%,
11/29/2029
200
203
Interstate
Power
and
Light
Co
3.50%,
09/30/2049
$
952
691
ITC
Holdings
Corp
3.35%,
11/15/2027
100
95
Kentucky
Power
Co
7.00%,
11/15/2033
(i)
1,663
1,790
Kentucky
Utilities
Co
5.13%,
11/01/2040
100
97
Liberty
Utilities
Finance
GP
1
2.05%,
09/15/2030
(i)
618
500
Metropolitan
Edison
Co
5.20%,
04/01/2028
(i)
1,385
1,400
MidAmerican
Energy
Co
5.30%,
02/01/2055
50
51
5.35%,
01/15/2034
50
52
5.85%,
09/15/2054
50
55
Monongahela
Power
Co
5.85%,
02/15/2034
(i)
200
209
National
Grid
Electricity
Distribution
East
Midlands
PLC
3.95%,
09/20/2032
EUR
100
110
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
46
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
National
Grid
Electricity
Distribution
West
Midlands
PLC
5.75%,
04/16/2032
GBP
100
$
132
National
Grid
Electricity
Transmission
PLC
2.00%,
04/17/2040
100
80
National
Grid
PLC
0.25%,
09/01/2028
EUR
200
188
National
Rural
Utilities
Cooperative
Finance
Corp
2.85%,
01/27/2025
$
1,498
1,466
5.45%,
10/30/2025
300
303
5.80%,
01/15/2033
100
106
8.49%,
04/30/2043
1,019
1,006
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.17%
Naturgy
Finance
BV
1.50%,
01/29/2028
EUR
100
101
Network
Finance
Co
Pty
Ltd
2.58%,
10/03/2028
AUD
100
58
Nevada
Power
Co
3.13%,
08/01/2050
$
100
68
New
England
Power
Co
3.80%,
12/05/2047
(i)
100
78
New
York
State
Electric
&
Gas
Corp
5.85%,
08/15/2033
(i)
1,098
1,148
NextEra
Energy
Capital
Holdings
Inc
1.88%,
01/15/2027
200
185
5.25%,
02/28/2053
100
96
5.65%,
05/01/2079
(j)
100
96
3
Month
USD
LIBOR
+
3.16%
5.75%,
09/01/2025
544
550
6.05%,
03/01/2025
200
202
Niagara
Mohawk
Power
Corp
5.66%,
01/17/2054
(i)
50
51
Northern
Powergrid
Yorkshire
PLC
2.25%,
10/09/2059
GBP
100
67
Northern
States
Power
Co/MN
2.60%,
06/01/2051
$
200
128
NRG
Energy
Inc
7.00%,
03/15/2033
(i)
50
53
Oglethorpe
Power
Corp
3.75%,
08/01/2050
100
74
Oklahoma
Gas
and
Electric
Co
3.25%,
04/01/2030
100
91
5.60%,
04/01/2053
344
359
Oncor
Electric
Delivery
Co
LLC
3.70%,
05/15/2050
100
79
4.15%,
06/01/2032
765
733
4.30%,
05/15/2028
100
99
5.75%,
03/15/2029
200
211
Pacific
Gas
and
Electric
Co
3.30%,
03/15/2027
150
142
3.30%,
08/01/2040
400
296
3.95%,
12/01/2047
554
414
4.30%,
03/15/2045
2,062
1,645
4.95%,
06/08/2025
839
835
6.10%,
01/15/2029
200
207
6.75%,
01/15/2053
100
110
PacifiCorp
4.10%,
02/01/2042
200
164
5.10%,
02/15/2029
742
751
PECO
Energy
Co
3.15%,
10/15/2025
200
195
3.90%,
03/01/2048
150
125
PPL
Electric
Utilities
Corp
6.25%,
05/15/2039
100
111
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
Public
Service
Co
of
Colorado
1.90%,
01/15/2031
$
100
$
83
2.70%,
01/15/2051
2,305
1,434
3.70%,
06/15/2028
(h)
864
836
4.10%,
06/15/2048
1,128
911
5.25%,
04/01/2053
100
98
Public
Service
Co
of
New
Hampshire
2.20%,
06/15/2031
300
252
Public
Service
Co
of
Oklahoma
2.20%,
08/15/2031
1,074
888
Public
Service
Electric
and
Gas
Co
3.00%,
05/15/2025
300
293
5.13%,
03/15/2053
100
101
Public
Service
Enterprise
Group
Inc
2.45%,
11/15/2031
100
83
Puget
Energy
Inc
4.10%,
06/15/2030
100
92
Puget
Sound
Energy
Inc
5.45%,
06/01/2053
100
102
Red
Electrica
Financiaciones
SAU
1.25%,
03/13/2027
EUR
100
103
RWE
AG
2.75%,
05/24/2030
100
104
San
Diego
Gas
&
Electric
Co
3.70%,
03/15/2052
$
100
77
4.95%,
08/15/2028
100
102
Sempra
4.13%,
04/01/2052
(j)
75
66
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.87%
Southern
California
Edison
Co
3.60%,
02/01/2045
300
231
4.88%,
02/01/2027
867
869
5.85%,
11/01/2027
807
839
5.95%,
11/01/2032
300
320
Southern
Co/The
3.75%,
09/15/2051
(j)
2,000
1,864
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.92%
4.85%,
06/15/2028
200
201
5.15%,
10/06/2025
100
100
Southern
Power
Co
5.25%,
07/15/2043
200
189
Southwestern
Electric
Power
Co
3.25%,
11/01/2051
200
135
5.30%,
04/01/2033
532
534
SSE
PLC
4.00%,
01/21/2028
(g),(j)
EUR
150
157
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
2.70%
Tampa
Electric
Co
4.45%,
06/15/2049
$
100
86
Teollisuuden
Voima
Oyj
2.63%,
03/31/2027
EUR
200
209
Terna
-
Rete
Elettrica
Nazionale
3.88%,
07/24/2033
100
111
Union
Electric
Co
3.25%,
10/01/2049
$
200
140
3.90%,
04/01/2052
663
535
Virginia
Electric
and
Power
Co
2.40%,
03/30/2032
300
251
4.60%,
12/01/2048
250
223
Vistra
Operations
Co
LLC
6.95%,
10/15/2033
(i)
100
106
WEC
Energy
Group
Inc
2.20%,
12/15/2028
200
178
Wisconsin
Power
and
Light
Co
1.95%,
09/16/2031
200
162
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
47
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
Xcel
Energy
Inc
5.45%,
08/15/2033
$
100
$
102
$
88,684
Electrical
Components
&
Equipment
-
0
.01%
Emerson
Electric
Co
0.88%,
10/15/2026
100
91
Schneider
Electric
SE
3.50%,
11/09/2032
EUR
200
222
$
313
Electronics
-
0.19%
Amphenol
Corp
4.75%,
03/30/2026
$
100
100
Arrow
Electronics
Inc
3.88%,
01/12/2028
200
190
Assa
Abloy
AB
4.13%,
09/13/2035
EUR
100
116
Flex
Ltd
6.00%,
01/15/2028
$
200
206
Honeywell
International
Inc
1.10%,
03/01/2027
100
91
1.75%,
09/01/2031
1,029
847
1.95%,
06/01/2030
100
86
2.50%,
11/01/2026
100
95
3.75%,
05/17/2032
EUR
100
112
4.25%,
01/15/2029
$
848
844
4.50%,
01/15/2034
100
99
Jabil
Inc
5.45%,
02/01/2029
397
405
Keysight
Technologies
Inc
4.60%,
04/06/2027
200
199
Trimble
Inc
4.90%,
06/15/2028
757
759
6.10%,
03/15/2033
557
586
Vontier
Corp
2.40%,
04/01/2028
100
88
2.95%,
04/01/2031
335
279
$
5,102
Energy
-
Alternate
Sources
-
0.12%
Contemporary
Ruiding
Development
Ltd
1.88%,
09/17/2025
200
189
Energo-Pro
AS
8.50%,
02/04/2027
400
398
8.50%,
02/04/2027
(i)
1,500
1,491
FS
Luxembourg
Sarl
8.88%,
02/12/2031
(i),(n)
1,050
1,036
Worley
Financial
Services
Pty
Ltd
5.95%,
10/13/2028
AUD
200
133
$
3,247
Engineering
&
Construction
-
0.24%
Aeroports
de
Montreal
3.03%,
04/21/2050
CAD
150
85
Bouygues
SA
1.38%,
06/07/2027
EUR
100
102
2.25%,
06/29/2029
300
310
Calgary
Airport
Authority/The
3.20%,
10/07/2036
CAD
200
127
Gatwick
Funding
Ltd
2.88%,
07/05/2051
GBP
100
80
Greater
Toronto
Airports
Authority
2.73%,
04/03/2029
CAD
300
209
Heathrow
Funding
Ltd
1.88%,
03/14/2036
EUR
100
91
2.75%,
10/13/2031
GBP
100
114
2.75%,
08/09/2051
100
79
HOCHTIEF
AG
0.63%,
04/26/2029
EUR
100
93
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Engineering
&
Construction
(continued)
HTA
Group
Ltd/Mauritius
7.00%,
12/18/2025
(i)
$
865
$
853
7.00%,
12/18/2025
287
283
IHS
Netherlands
Holdco
BV
8.00%,
09/18/2027
2,050
1,886
Jacobs
Engineering
Group
Inc
5.90%,
03/01/2033
535
546
6.35%,
08/18/2028
620
648
Manchester
Airport
Group
Funding
PLC
2.88%,
09/30/2044
GBP
100
86
MasTec
Inc
4.50%,
08/15/2028
(i)
$
200
188
Sydney
Airport
Finance
Co
Pty
Ltd
4.38%,
05/03/2033
EUR
100
113
Technip
Energies
NV
1.13%,
05/28/2028
100
98
Vancouver
Airport
Authority
1.76%,
09/20/2030
CAD
250
160
Vinci
SA
2.25%,
03/15/2027
GBP
200
237
2.75%,
09/15/2034
100
107
$
6,495
Entertainment
-
1.15%
Caesars
Entertainment
Inc
4.63%,
10/15/2029
(h),(i)
$
2,825
2,582
7.00%,
02/15/2030
(i)
5,125
5,267
Cinemark
USA
Inc
5.25%,
07/15/2028
(h),(i)
6,175
5,697
5.88%,
03/15/2026
(i)
1,000
991
Everi
Holdings
Inc
5.00%,
07/15/2029
(i)
3,275
3,010
Live
Nation
Entertainment
Inc
4.75%,
10/15/2027
(i)
2,600
2,477
6.50%,
05/15/2027
(i)
1,200
1,212
Scientific
Games
Holdings
LP/Scientific
Games
US
FinCo
Inc
6.63%,
03/01/2030
(h),(i)
1,880
1,767
Speedway
Motorsports
LLC
/
Speedway
Funding
II
Inc
4.88%,
11/01/2027
(i)
2,925
2,775
Warnermedia
Holdings
Inc
3.64%,
03/15/2025
814
798
3.76%,
03/15/2027
200
192
4.05%,
03/15/2029
1,223
1,158
4.28%,
03/15/2032
200
183
5.05%,
03/15/2042
390
346
5.14%,
03/15/2052
200
172
5.39%,
03/15/2062
566
487
Wynn
Resorts
Finance
LLC
/
Wynn
Resorts
Capital
Corp
5.13%,
10/01/2029
(i)
1,050
992
7.13%,
02/15/2031
(i)
1,175
1,212
$
31,318
Environmental
Control
-
0.78%
Clean
Harbors
Inc
6.38%,
02/01/2031
(i)
225
228
Covanta
Holding
Corp
4.88%,
12/01/2029
(i)
1,575
1,360
GFL
Environmental
Inc
4.38%,
08/15/2029
(i)
5,350
4,907
4.75%,
06/15/2029
(i)
2,375
2,229
Madison
IAQ
LLC
5.88%,
06/30/2029
(i)
6,840
6,077
Republic
Services
Inc
5.00%,
04/01/2034
1,161
1,173
Veralto
Corp
5.50%,
09/18/2026
(i)
200
203
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
48
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Environmental
Control
(continued)
Waste
Connections
Inc
2.20%,
01/15/2032
$
1,779
$
1,474
2.95%,
01/15/2052
100
69
4.25%,
12/01/2028
599
593
Waste
Management
Inc
3.15%,
11/15/2027
100
96
4.63%,
02/15/2030
391
393
4.63%,
02/15/2033
100
99
4.88%,
02/15/2029
150
153
4.88%,
02/15/2034
2,063
2,077
$
21,131
Food
-
1.83%
Albertsons
Cos
Inc
/
Safeway
Inc
/
New
Albertsons
LP
/
Albertsons
LLC
3.50%,
03/15/2029
(i)
1,025
926
4.88%,
02/15/2030
(i)
325
311
Bimbo
Bakeries
USA
Inc
5.38%,
01/09/2036
(i)
604
609
6.40%,
01/15/2034
200
219
Campbell
Soup
Co
3.95%,
03/15/2025
200
197
Carrefour
SA
1.88%,
10/30/2026
EUR
200
209
Chobani
LLC
/
Chobani
Finance
Corp
Inc
7.63%,
07/01/2029
(i)
$
750
759
Conagra
Brands
Inc
4.85%,
11/01/2028
100
100
5.30%,
11/01/2038
100
97
7.00%,
10/01/2028
1,030
1,110
Danone
SA
0.52%,
11/09/2030
EUR
200
182
2.95%,
11/02/2026
(i)
$
200
191
ELO
SACA
2.88%,
01/29/2026
EUR
100
105
Fiesta
Purchaser
Inc
7.88%,
03/01/2031
(i),(n)
$
2,400
2,405
General
Mills
Inc
2.88%,
04/15/2030
200
180
4.20%,
04/17/2028
100
99
4.70%,
01/30/2027
418
418
4.95%,
03/29/2033
562
563
5.50%,
10/17/2028
358
370
Hershey
Co/The
0.90%,
06/01/2025
100
95
Hormel
Foods
Corp
0.65%,
06/03/2024
1,495
1,471
1.70%,
06/03/2028
100
89
Indofood
CBP
Sukses
Makmur
Tbk
PT
3.40%,
06/09/2031
200
172
J
M
Smucker
Co/The
2.38%,
03/15/2030
100
87
5.90%,
11/15/2028
690
722
6.50%,
11/15/2043
522
581
6.50%,
11/15/2053
422
477
JBS
USA
LUX
SA
/
JBS
USA
Food
Co
/
JBS
Luxembourg
SARL
7.25%,
11/15/2053
(i)
100
109
JBS
USA
LUX
SA
/
JBS
USA
Food
Co
/
JBS
USA
Finance
Inc
2.50%,
01/15/2027
300
277
6.50%,
12/01/2052
50
50
Kellanova
4.30%,
05/15/2028
200
198
Kraft
Heinz
Foods
Co
3.88%,
05/15/2027
200
196
4.38%,
06/01/2046
2,569
2,223
4.63%,
10/01/2039
200
186
4.88%,
10/01/2049
615
571
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Food
(continued)
Kraft
Heinz
Foods
Co
(continued)
5.50%,
06/01/2050
$
100
$
101
Kroger
Co/The
3.88%,
10/15/2046
345
273
4.65%,
01/15/2048
150
134
Lamb
Weston
Holdings
Inc
4.38%,
01/31/2032
(i)
300
269
Loblaw
Cos
Ltd
5.01%,
09/13/2032
CAD
100
76
Mars
Inc
3.95%,
04/01/2044
(i)
$
200
169
4.65%,
04/20/2031
(i)
829
826
4.75%,
04/20/2033
(i)
100
100
McCormick
&
Co
Inc/MD
4.95%,
04/15/2033
448
448
Metro
Inc/CN
4.27%,
12/04/2047
CAD
100
66
Minerva
Luxembourg
SA
8.88%,
09/13/2033
(i)
$
1,775
1,860
Mondelez
International
Holdings
Netherlands
BV
0.25%,
09/09/2029
EUR
100
92
4.25%,
09/15/2025
(i)
$
200
198
Mondelez
International
Inc
0.25%,
03/17/2028
EUR
200
192
Nestle
Finance
International
Ltd
1.25%,
03/29/2031
200
194
3.75%,
03/13/2033
200
230
Nestle
Holdings
Inc
2.50%,
04/04/2032
GBP
100
111
2.63%,
09/14/2051
(i)
$
150
100
4.85%,
03/14/2033
(i)
200
205
5.25%,
03/13/2026
(i)
1,261
1,280
Nestle
SA
1.63%,
07/15/2026
CHF
200
234
Performance
Food
Group
Inc
4.25%,
08/01/2029
(i)
$
1,900
1,741
5.50%,
10/15/2027
(i)
2,950
2,877
Pilgrim's
Pride
Corp
6.25%,
07/01/2033
100
102
Post
Holdings
Inc
4.50%,
09/15/2031
(i)
4,100
3,683
4.63%,
04/15/2030
(i)
400
368
5.50%,
12/15/2029
(i)
1,050
1,015
Simmons
Foods
Inc/Simmons
Prepared
Foods
Inc/
Simmons
Pet
Food
Inc/Simmons
Feed
4.63%,
03/01/2029
(i)
4,760
4,093
Smithfield
Foods
Inc
2.63%,
09/13/2031
(i)
100
78
Sysco
Corp
4.45%,
03/15/2048
2,339
2,032
4.50%,
04/01/2046
1,294
1,135
5.95%,
04/01/2030
148
157
6.60%,
04/01/2050
760
885
Tyson
Foods
Inc
5.10%,
09/28/2048
100
90
US
Foods
Inc
4.63%,
06/01/2030
(i)
100
93
4.75%,
02/15/2029
(i)
2,493
2,365
7.25%,
01/15/2032
(i)
5,026
5,265
$
49,691
Food
Service
-
0.12%
Aramark
Services
Inc
5.00%,
02/01/2028
(i)
3,385
3,271
Sodexo
SA
0.75%,
04/27/2025
EUR
100
105
$
3,376
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
49
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Forest
Products
&
Paper
-
0.10%
Celulosa
Arauco
y
Constitucion
SA
3.88%,
11/02/2027
$
300
$
281
Georgia-Pacific
LLC
0.95%,
05/15/2026
(i)
2,152
1,976
2.30%,
04/30/2030
(i)
100
87
International
Paper
Co
4.40%,
08/15/2047
150
128
Suzano
Austria
GmbH
3.13%,
01/15/2032
200
165
$
2,637
Gas
-
0.21%
2i
Rete
Gas
SpA
4.38%,
06/06/2033
EUR
100
111
AltaGas
Ltd
4.12%,
04/07/2026
CAD
300
220
APA
Infrastructure
Ltd
1.25%,
03/15/2033
EUR
100
87
2.50%,
03/15/2036
GBP
100
91
Atmos
Energy
Corp
1.50%,
01/15/2031
$
100
81
2.85%,
02/15/2052
100
66
5.75%,
10/15/2052
985
1,069
Brooklyn
Union
Gas
Co/The
6.39%,
09/15/2033
(i)
250
259
Cadent
Finance
PLC
5.75%,
03/14/2034
GBP
100
130
CenterPoint
Energy
Resources
Corp
5.25%,
03/01/2028
$
200
205
CU
Inc
5.09%,
09/20/2053
CAD
150
118
Enbridge
Gas
Inc
4.00%,
08/22/2044
200
132
ENN
Energy
Holdings
Ltd
2.63%,
09/17/2030
$
200
173
EP
Infrastructure
AS
2.05%,
10/09/2028
EUR
100
92
Italgas
SpA
1.00%,
12/11/2031
200
178
KeySpan
Gas
East
Corp
5.99%,
03/06/2033
(i)
$
1,101
1,116
NiSource
Inc
5.65%,
02/01/2045
200
201
ONE
Gas
Inc
2.00%,
05/15/2030
200
170
Snam
SpA
3.38%,
12/05/2026
EUR
200
218
Southern
California
Gas
Co
2.95%,
04/15/2027
$
200
190
3.95%,
02/15/2050
200
158
Southern
Co
Gas
Capital
Corp
1.75%,
01/15/2031
200
162
Southern
Gas
Networks
PLC
3.10%,
09/15/2036
GBP
150
149
Vier
Gas
Transport
GmbH
4.63%,
09/26/2032
EUR
100
117
Wales
&
West
Utilities
Finance
PLC
3.00%,
08/03/2038
GBP
100
96
$
5,589
Hand
&
Machine
Tools
-
0.10%
Regal
Rexnord
Corp
6.30%,
02/15/2030
(i)
$
150
154
Stanley
Black
&
Decker
Inc
2.30%,
03/15/2030
100
86
4.00%,
03/15/2060
(j)
2,542
2,216
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.66%
6.00%,
03/06/2028
250
262
$
2,718
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Healthcare
-
Products
-
0.55%
Abbott
Laboratories
3.75%,
11/30/2026
$
200
$
197
4.75%,
04/15/2043
300
299
Agilent
Technologies
Inc
2.30%,
03/12/2031
1,764
1,510
Alcon
Finance
Corp
3.00%,
09/23/2029
(i)
200
182
American
Medical
Systems
Europe
BV
1.38%,
03/08/2028
EUR
200
202
Baxter
International
Inc
2.54%,
02/01/2032
$
200
167
3.95%,
04/01/2030
100
95
Becton
Dickinson
Euro
Finance
Sarl
3.55%,
09/13/2029
EUR
150
164
Boston
Scientific
Corp
2.65%,
06/01/2030
$
200
178
DH
Europe
Finance
II
Sarl
2.60%,
11/15/2029
200
180
3.40%,
11/15/2049
100
77
DH
Europe
Finance
Sarl
1.20%,
06/30/2027
EUR
300
305
EssilorLuxottica
SA
0.50%,
06/05/2028
200
197
Garden
Spinco
Corp
8.63%,
07/20/2030
(i)
$
2,360
2,525
GE
HealthCare
Technologies
Inc
5.60%,
11/15/2025
100
101
5.65%,
11/15/2027
2,507
2,587
5.91%,
11/22/2032
200
211
Koninklijke
Philips
NV
4.25%,
09/08/2031
EUR
100
110
Medline
Borrower
LP
5.25%,
10/01/2029
(i)
$
775
723
Medtronic
Global
Holdings
SCA
1.13%,
03/07/2027
EUR
300
306
1.63%,
10/15/2050
100
73
2.25%,
03/07/2039
100
92
Medtronic
Inc
4.38%,
03/15/2035
$
200
195
Molnlycke
Holding
AB
4.25%,
09/08/2028
EUR
100
111
Revvity
Inc
3.30%,
09/15/2029
$
200
182
Sartorius
Finance
BV
4.88%,
09/14/2035
EUR
100
116
STERIS
Irish
FinCo
UnLtd
Co
3.75%,
03/15/2051
$
1,844
1,408
Stryker
Corp
0.75%,
03/01/2029
EUR
100
96
3.38%,
11/01/2025
$
100
98
4.85%,
12/08/2028
835
844
Thermo
Fisher
Scientific
Finance
I
BV
1.63%,
10/18/2041
EUR
100
81
2.00%,
10/18/2051
100
76
Thermo
Fisher
Scientific
Inc
1.50%,
10/01/2039
100
82
2.00%,
04/15/2025
200
213
4.98%,
08/10/2030
$
100
102
5.00%,
01/31/2029
731
748
5.40%,
08/10/2043
100
105
Zimmer
Biomet
Holdings
Inc
1.16%,
11/15/2027
EUR
100
100
$
15,038
Healthcare
-
Services
-
1.44%
Acadia
Healthcare
Co
Inc
5.00%,
04/15/2029
(i)
$
1,425
1,359
5.50%,
07/01/2028
(i)
880
860
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
50
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Healthcare
-
Services
(continued)
Advocate
Health
&
Hospitals
Corp
4.27%,
08/15/2048
$
100
$
90
Aetna
Inc
4.75%,
03/15/2044
100
89
Banner
Health
2.34%,
01/01/2030
200
175
Catalent
Pharma
Solutions
Inc
3.50%,
04/01/2030
(h),(i)
887
780
Centene
Corp
2.50%,
03/01/2031
300
249
4.25%,
12/15/2027
200
192
CommonSpirit
Health
4.19%,
10/01/2049
200
166
DaVita
Inc
3.75%,
02/15/2031
(i)
650
536
4.63%,
06/01/2030
(i)
875
774
Elevance
Health
Inc
2.88%,
09/15/2029
1,135
1,039
3.60%,
03/15/2051
250
193
4.55%,
03/01/2048
100
90
6.10%,
10/15/2052
468
519
Eurofins
Scientific
SE
4.75%,
09/06/2030
EUR
100
114
Fortrea
Holdings
Inc
7.50%,
07/01/2030
(h),(i)
$
1,890
1,921
Fresenius
Medical
Care
AG
1.00%,
05/29/2026
EUR
200
205
Fresenius
Medical
Care
US
Finance
III
Inc
3.75%,
06/15/2029
(i)
$
150
133
Fresenius
SE
&
Co
KGaA
1.88%,
05/24/2025
EUR
200
212
2.88%,
05/24/2030
100
103
Hackensack
Meridian
Health
Inc
2.88%,
09/01/2050
$
100
69
HCA
Inc
3.38%,
03/15/2029
504
466
3.50%,
09/01/2030
1,065
966
3.50%,
07/15/2051
1,297
909
4.50%,
02/15/2027
200
197
4.63%,
03/15/2052
1,642
1,393
5.25%,
06/15/2026
300
301
5.50%,
06/15/2047
200
193
Humana
Inc
1.35%,
02/03/2027
1,170
1,057
3.13%,
08/15/2029
100
92
5.50%,
03/15/2053
327
328
5.88%,
03/01/2033
603
632
Kaiser
Foundation
Hospitals
4.15%,
05/01/2047
200
175
Mass
General
Brigham
Inc
3.34%,
07/01/2060
100
71
Memorial
Sloan-Kettering
Cancer
Center
2.96%,
01/01/2050
100
69
Providence
St
Joseph
Health
Obligated
Group
2.70%,
10/01/2051
200
120
Roche
Holdings
Inc
2.08%,
12/13/2031
(i)
200
167
2.13%,
03/10/2025
(i)
3,296
3,205
2.61%,
12/13/2051
(i)
200
131
3.00%,
11/10/2025
(i)
200
195
5.49%,
11/13/2030
(i)
2,341
2,467
Surgery
Center
Holdings
Inc
10.00%,
04/15/2027
(i)
3,713
3,736
Sutter
Health
3.70%,
08/15/2028
200
192
Team
Health
Holdings
Inc
13.50%,
PIK
0.00%;
06/30/2028
(i),(m),(o)
500
500
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Healthcare
-
Services
(continued)
Tenet
Healthcare
Corp
4.63%,
06/15/2028
$
100
$
95
5.13%,
11/01/2027
200
194
6.13%,
10/01/2028
(h)
6,110
6,088
UnitedHealth
Group
Inc
1.25%,
01/15/2026
1,858
1,743
3.05%,
05/15/2041
300
233
3.10%,
03/15/2026
200
194
3.70%,
08/15/2049
100
80
3.75%,
07/15/2025
200
197
4.63%,
11/15/2041
200
191
4.75%,
07/15/2045
300
290
4.75%,
05/15/2052
844
799
4.95%,
05/15/2062
457
442
5.05%,
04/15/2053
100
99
5.20%,
04/15/2063
100
100
5.25%,
02/15/2028
841
868
$
39,043
Home
Furnishings
-
0.01%
Electrolux
AB
4.13%,
10/05/2026
EUR
200
218
Whirlpool
Corp
4.75%,
02/26/2029
$
200
199
$
417
Housewares
-
0.05%
CD&R
Smokey
Buyer
Inc
6.75%,
07/15/2025
(i)
491
481
Newell
Brands
Inc
6.37%,
04/01/2036
900
801
$
1,282
Insurance
-
3.50%
Acrisure
LLC
/
Acrisure
Finance
Inc
4.25%,
02/15/2029
(i)
900
807
8.25%,
02/01/2029
(i)
4,850
4,862
Ageas
SA/NV
1.88%,
11/24/2051
(j)
EUR
100
87
3
Month
Euro
Interbank
Offered
Rate
+
3.10%
AIA
Group
Ltd
4.95%,
04/04/2033
(i)
$
200
202
Alliant
Holdings
Intermediate
LLC
/
Alliant
Holdings
Co-Issuer
4.25%,
10/15/2027
(i)
2,725
2,535
6.75%,
10/15/2027
(i)
1,250
1,220
Allianz
Finance
II
BV
0.50%,
01/14/2031
EUR
200
185
Allianz
SE
4.25%,
07/05/2052
(j)
200
214
3
Month
Euro
Interbank
Offered
Rate
+
3.55%
6.35%,
09/06/2053
(i),(j)
$
400
417
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.23%
Allstate
Corp/The
5.25%,
03/30/2033
200
204
American
International
Group
Inc
5.13%,
03/27/2033
200
202
Americo
Life
Inc
3.45%,
04/15/2031
(i)
646
508
AmFam
Holdings
Inc
2.81%,
03/11/2031
(i)
100
77
AmWINS
Group
Inc
4.88%,
06/30/2029
(i)
5,275
4,923
Aon
Corp
/
Aon
Global
Holdings
PLC
2.60%,
12/02/2031
100
85
3.90%,
02/28/2052
100
79
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
51
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Insurance
(continued)
Arch
Capital
Group
Ltd
3.64%,
06/30/2050
$
100
$
77
Argentum
Netherlands
BV
for
Swiss
Re
Ltd
5.75%,
08/15/2050
(j)
1,500
1,485
3
Month
USD
LIBOR
+
3.59%
Arthur
J
Gallagher
&
Co
5.75%,
03/02/2053
725
740
6.75%,
02/15/2054
425
491
ASR
Nederland
NV
3.38%,
05/02/2049
(j)
EUR
100
101
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
4.00%
Assicurazioni
Generali
SpA
2.12%,
10/01/2030
150
143
AssuredPartners
Inc
5.63%,
01/15/2029
(i)
$
2,850
2,692
7.00%,
08/15/2025
(i)
6,612
6,607
Athene
Global
Funding
0.37%,
09/10/2026
EUR
200
199
1.61%,
06/29/2026
(i)
$
300
274
1.73%,
10/02/2026
(i)
2,097
1,902
Athene
Holding
Ltd
3.45%,
05/15/2052
995
677
3.95%,
05/25/2051
100
75
Aviva
PLC
6.88%,
05/20/2058
(j)
GBP
100
130
SONIA
Interest
Rate
Benchmark
+
3.38%
AXA
SA
3.25%,
05/28/2049
(j)
EUR
100
104
3
Month
Euro
Interbank
Offered
Rate
+
3.20%
3.38%,
07/06/2047
(j)
200
211
3
Month
Euro
Interbank
Offered
Rate
+
3.75%
3.75%,
10/12/2030
100
113
AXIS
Specialty
Finance
LLC
3.90%,
07/15/2029
$
100
95
Berkshire
Hathaway
Finance
Corp
2.38%,
06/19/2039
GBP
100
91
2.50%,
01/15/2051
$
300
195
2.88%,
03/15/2032
200
179
Berkshire
Hathaway
Inc
1.63%,
03/16/2035
EUR
200
182
Brighthouse
Financial
Inc
4.70%,
06/22/2047
$
100
82
Chubb
Corp/The
6.50%,
05/15/2038
200
233
Chubb
INA
Holdings
Inc
1.38%,
09/15/2030
200
165
1.55%,
03/15/2028
EUR
200
203
Cloverie
PLC
for
Zurich
Insurance
Co
Ltd
1.50%,
12/15/2028
200
202
Corebridge
Financial
Inc
3.90%,
04/05/2032
$
200
180
Corebridge
Global
Funding
5.90%,
09/19/2028
(i)
100
104
Credit
Agricole
Assurances
SA
4.50%,
10/14/2025
(g),(j)
EUR
100
108
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
4.35%
Dai-ichi
Life
Insurance
Co
Ltd/The
4.00%,
07/24/2026
(g),(i),(j)
$
200
191
3
Month
USD
LIBOR
+
3.66%
Empower
Finance
2020
LP
1.36%,
09/17/2027
(i)
200
178
Enstar
Group
Ltd
3.10%,
09/01/2031
1,294
1,079
4.95%,
06/01/2029
1,411
1,380
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Insurance
(continued)
Equitable
Financial
Life
Global
Funding
1.30%,
07/12/2026
(i)
$
1,943
$
1,760
1.40%,
07/07/2025
(i)
200
189
6.38%,
06/02/2028
GBP
100
134
Everest
Reinsurance
Holdings
Inc
3.13%,
10/15/2052
$
100
67
F&G
Global
Funding
2.30%,
04/11/2027
(i)
1,371
1,236
Fairfax
Financial
Holdings
Ltd
6.00%,
12/07/2033
(i)
100
103
Farmers
Insurance
Exchange
4.75%,
11/01/2057
(i),(j)
100
75
3
Month
USD
LIBOR
+
3.23%
Fidelity
&
Guaranty
Life
Holdings
Inc
5.50%,
05/01/2025
(i)
200
198
Global
Atlantic
Fin
Co
4.40%,
10/15/2029
(i)
150
138
Great-West
Lifeco
Inc
2.38%,
05/14/2030
CAD
300
200
GTCR
AP
Finance
Inc
8.00%,
05/15/2027
(i)
$
5,430
5,440
Guardian
Life
Insurance
Co
of
America/The
4.88%,
06/19/2064
(i)
50
44
Hannover
Rueck
SE
5.88%,
08/26/2043
(j)
EUR
100
120
3
Month
Euro
Interbank
Offered
Rate
+
3.75%
Hartford
Financial
Services
Group
Inc/The
2.90%,
09/15/2051
$
150
100
HUB
International
Ltd
5.63%,
12/01/2029
(i)
300
283
7.38%,
01/31/2032
(i)
6,840
7,005
Intact
Financial
Corp
5.28%,
09/14/2054
CAD
100
80
Jackson
Financial
Inc
5.17%,
06/08/2027
$
200
201
Jones
Deslauriers
Insurance
Management
Inc
8.50%,
03/15/2030
(i)
3,760
3,901
La
Mondiale
SAM
2.13%,
06/23/2031
EUR
100
93
Legal
&
General
Group
PLC
4.50%,
11/01/2050
(j)
GBP
100
116
Generic
Britain
5
Year
Government
Bond
+
5.25%
5.25%,
03/21/2047
(j)
$
200
194
USD
Swap
Semi-Annual
5
Year
+
3.69%
Liberty
Mutual
Group
Inc
3.95%,
05/15/2060
(i)
100
74
4.30%,
02/01/2061
(i)
3,258
2,119
7.80%,
03/07/2087
(i)
2,000
2,029
3
Month
USD
LIBOR
+
3.58%
Lincoln
National
Corp
3.40%,
03/01/2032
100
86
M&G
PLC
6.25%,
10/20/2068
(j)
GBP
100
117
Generic
Britain
5
Year
Government
Bond
+
5.30%
Manulife
Financial
Corp
2.24%,
05/12/2030
(j)
CAD
300
215
Canadian
Dollar
Offered
Rate
3
Month
+
1.49%
2.48%,
05/19/2027
$
100
93
Mapfre
SA
4.38%,
03/31/2047
(j)
EUR
100
107
3
Month
Euro
Interbank
Offered
Rate
+
4.54%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
52
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Insurance
(continued)
Markel
Group
Inc
3.35%,
09/17/2029
$
200
$
184
Marsh
&
McLennan
Cos
Inc
1.35%,
09/21/2026
EUR
100
103
4.90%,
03/15/2049
$
100
96
5.40%,
09/15/2033
200
209
Massachusetts
Mutual
Life
Insurance
Co
5.67%,
12/01/2052
(i)
100
103
MassMutual
Global
Funding
II
5.05%,
06/14/2028
(i)
200
202
MetLife
Inc
3.85%,
09/15/2025
(g),(j)
2,300
2,200
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.58%
4.55%,
03/23/2030
200
200
5.25%,
01/15/2054
200
204
9.25%,
04/08/2068
(i)
5,775
6,645
3
Month
USD
LIBOR
+
5.54%
Metropolitan
Life
Global
Funding
I
0.55%,
06/16/2027
EUR
100
99
1.55%,
01/07/2031
(i)
$
200
160
5.40%,
09/12/2028
(i)
300
307
Muenchener
Rueckversicherungs-Gesellschaft
AG
in
Muenchen
1.25%,
05/26/2041
(j)
EUR
100
89
3
Month
Euro
Interbank
Offered
Rate
+
2.55%
Nationwide
Mutual
Insurance
Co
4.35%,
04/30/2050
(i)
$
100
81
New
York
Life
Global
Funding
0.13%,
07/23/2030
CHF
100
105
0.85%,
01/15/2026
(i)
$
150
139
3.25%,
04/07/2027
(i)
200
192
4.85%,
01/09/2028
(i)
597
602
5.25%,
06/30/2026
CAD
100
75
New
York
Life
Insurance
Co
3.75%,
05/15/2050
(i)
$
100
79
Nippon
Life
Insurance
Co
5.10%,
10/16/2044
(i),(j)
4,000
3,971
USD
Swap
Semi-Annual
5
Year
+
3.65%
6.25%,
09/13/2053
(i),(j)
200
209
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.95%
NN
Group
NV
4.50%,
01/15/2026
(g),(j)
EUR
100
108
3
Month
Euro
Interbank
Offered
Rate
+
4.00%
4.63%,
01/13/2048
(j)
100
109
3
Month
Euro
Interbank
Offered
Rate
+
4.95%
Northwestern
Mutual
Global
Funding
4.35%,
09/15/2027
(i)
$
825
812
Northwestern
Mutual
Life
Insurance
Co/The
3.63%,
09/30/2059
(i)
150
110
Pacific
Life
Global
Funding
II
5.50%,
08/28/2026
(i)
200
203
Pacific
Life
Insurance
Co
4.30%,
10/24/2067
(i),(j)
100
79
3
Month
USD
LIBOR
+
2.80%
Pension
Insurance
Corp
PLC
4.63%,
05/07/2031
GBP
100
112
Phoenix
Group
Holdings
PLC
4.75%,
09/04/2031
(j)
$
200
192
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.28%
Pine
Street
Trust
II
5.57%,
02/15/2049
(i)
100
95
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Insurance
(continued)
Pricoa
Global
Funding
I
5.55%,
08/28/2026
(i)
$
300
$
306
Progressive
Corp/The
3.20%,
03/26/2030
200
186
Protective
Life
Global
Funding
5.21%,
04/14/2026
(i)
200
201
Prudential
Financial
Inc
3.70%,
10/01/2050
(j)
100
88
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.04%
3.70%,
03/13/2051
200
157
3.94%,
12/07/2049
150
122
5.70%,
09/15/2048
(j)
353
344
3
Month
USD
LIBOR
+
2.67%
Prudential
Funding
Asia
PLC
3.13%,
04/14/2030
501
455
Reinsurance
Group
of
America
Inc
3.15%,
06/15/2030
200
179
Rothesay
Life
PLC
3.38%,
07/12/2026
GBP
100
120
Sampo
Oyj
2.50%,
09/03/2052
(j)
EUR
100
91
3
Month
Euro
Interbank
Offered
Rate
+
3.60%
SBL
Holdings
Inc
5.00%,
02/18/2031
(i)
$
1,342
1,106
5.13%,
11/13/2026
(i)
100
95
Security
Benefit
Global
Funding
1.25%,
05/17/2024
(i)
1,283
1,266
Sun
Life
Financial
Inc
4.78%,
08/10/2034
(j)
CAD
100
74
Canadian
Overnight
Repo
Rate
Average
+
1.96%
Swiss
Life
Finance
I
Ltd
3.25%,
08/31/2029
EUR
100
107
Swiss
Re
Finance
Luxembourg
SA
5.00%,
04/02/2049
(i),(j)
$
200
193
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.58%
Teachers
Insurance
&
Annuity
Association
of
America
4.27%,
05/15/2047
(i)
200
171
Travelers
Cos
Inc/The
3.05%,
06/08/2051
200
144
Unum
Group
4.50%,
12/15/2049
100
82
Western
&
Southern
Life
Insurance
Co/The
5.15%,
01/15/2049
(i)
100
92
Willis
North
America
Inc
4.50%,
09/15/2028
100
98
4.65%,
06/15/2027
1,581
1,569
Zurich
Finance
Ireland
Designated
Activity
Co
3.00%,
04/19/2051
7,200
5,857
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.55%
$
95,169
Internet
-
0.70%
Alibaba
Group
Holding
Ltd
4.00%,
12/06/2037
350
305
Alphabet
Inc
1.10%,
08/15/2030
100
83
1.90%,
08/15/2040
200
137
2.05%,
08/15/2050
100
61
Amazon.com
Inc
0.80%,
06/03/2025
200
190
1.00%,
05/12/2026
200
185
2.10%,
05/12/2031
200
171
3.00%,
04/13/2025
100
98
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
53
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Internet
(continued)
Amazon.com
Inc
(continued)
3.15%,
08/22/2027
$
200
$
192
3.30%,
04/13/2027
977
949
3.60%,
04/13/2032
346
327
3.88%,
08/22/2037
400
369
3.95%,
04/13/2052
200
171
4.10%,
04/13/2062
1,822
1,566
4.65%,
12/01/2029
634
647
Arches
Buyer
Inc
6.13%,
12/01/2028
(i)
2,038
1,760
Booking
Holdings
Inc
1.80%,
03/03/2027
EUR
200
208
4.50%,
11/15/2031
100
117
Cablevision
Lightpath
LLC
3.88%,
09/15/2027
(i)
$
2,475
2,217
5.63%,
09/15/2028
(i)
1,700
1,437
eBay
Inc
2.70%,
03/11/2030
200
178
Expedia
Group
Inc
2.95%,
03/15/2031
531
465
6.25%,
05/01/2025
(i)
100
101
Gen
Digital
Inc
7.13%,
09/30/2030
(h),(i)
2,800
2,905
Meta
Platforms
Inc
4.60%,
05/15/2028
200
202
4.95%,
05/15/2033
200
205
5.60%,
05/15/2053
200
213
Netflix
Inc
3.63%,
06/15/2030
EUR
100
109
5.88%,
11/15/2028
$
200
210
Prosus
NV
2.78%,
01/19/2034
EUR
100
84
3.06%,
07/13/2031
$
200
163
4.85%,
07/06/2027
200
193
Tencent
Holdings
Ltd
3.24%,
06/03/2050
200
135
3.58%,
04/11/2026
200
194
3.93%,
01/19/2038
200
172
United
Group
BV
6.75%,
02/15/2031
(i),(n)
EUR
2,200
2,363
$
19,082
Investment
Companies
-
0.24%
Ares
Capital
Corp
7.00%,
01/15/2027
$
200
205
Blackstone
Private
Credit
Fund
3.25%,
03/15/2027
200
184
Blue
Owl
Capital
Corp
2.63%,
01/15/2027
200
182
Blue
Owl
Credit
Income
Corp
5.50%,
03/21/2025
200
198
Blue
Owl
Technology
Finance
Corp
2.50%,
01/15/2027
100
88
Gaci
First
Investment
Co
5.38%,
10/13/2122
1,850
1,560
Groupe
Bruxelles
Lambert
NV
0.13%,
01/28/2031
EUR
100
87
Icahn
Enterprises
LP
/
Icahn
Enterprises
Finance
Corp
4.38%,
02/01/2029
$
2,225
1,859
5.25%,
05/15/2027
775
697
9.75%,
01/15/2029
(i)
1,125
1,154
JAB
Holdings
BV
1.63%,
04/30/2025
EUR
200
211
4.75%,
06/29/2032
100
115
Wendel
SE
4.50%,
06/19/2030
100
113
$
6,653
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Iron
&
Steel
-
2.92%
ArcelorMittal
SA
6.80%,
11/29/2032
$
100
$
108
Baffinland
Iron
Mines
Corp
/
Baffinland
Iron
Mines
LP
8.75%,
07/15/2026
(i)
13,822
12,647
CSN
Inova
Ventures
6.75%,
01/28/2028
1,700
1,628
Material
Sciences
Corp
13.07%,
PIK
13.07%;
07/09/2026
(e),(f),(m),(o)
20,815
20,815
Nucor
Corp
3.13%,
04/01/2032
100
89
4.30%,
05/23/2027
909
903
POSCO
5.75%,
01/17/2028
200
205
Samarco
Mineracao
SA
9.50%,
PIK
0.00%;
06/30/2031
(i),(m),(o)
210
175
9.50%,
PIK
0.00%;
06/30/2031
(m),(o)
1,341
1,115
Samarco
Mineracao
SA
Escrow
Shares
0.00%,
10/24/2023
(d),(e)
550
—
Specialty
Steel
15.42%,
11/15/2026
(e),(f)
41,564
41,564
Vale
Overseas
Ltd
6.13%,
06/12/2033
200
204
$
79,453
Leisure
Products
&
Services
-
0.19%
Brunswick
Corp/DE
4.40%,
09/15/2032
100
90
Carnival
Corp
5.75%,
03/01/2027
(i)
3,950
3,892
Royal
Caribbean
Cruises
Ltd
5.50%,
04/01/2028
(i)
1,075
1,061
$
5,043
Lodging
-
0.64%
Boyd
Gaming
Corp
4.75%,
06/15/2031
(i)
4,610
4,235
Hyatt
Hotels
Corp
5.75%,
01/30/2027
742
759
InterContinental
Hotels
Group
PLC
3.38%,
10/08/2028
GBP
100
117
Marriott
International
Inc/MD
2.85%,
04/15/2031
$
2,516
2,185
3.50%,
10/15/2032
2,166
1,931
4.90%,
04/15/2029
402
404
Melco
Resorts
Finance
Ltd
5.63%,
07/17/2027
850
805
5.75%,
07/21/2028
1,250
1,163
Sands
China
Ltd
5.65%,
08/08/2028
200
196
Station
Casinos
LLC
4.63%,
12/01/2031
(h),(i)
6,150
5,520
Wynn
Macau
Ltd
5.50%,
01/15/2026
200
194
$
17,509
Machinery
-
Construction
&
Mining
-
0.19%
Caterpillar
Financial
Services
Corp
1.45%,
05/15/2025
2,063
1,977
3.40%,
05/13/2025
100
98
3.60%,
08/12/2027
321
314
4.80%,
01/06/2026
1,118
1,124
5.40%,
03/10/2025
1,236
1,246
Caterpillar
Inc
3.80%,
08/15/2042
200
174
Siemens
Energy
Finance
BV
4.25%,
04/05/2029
EUR
100
108
$
5,041
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
54
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Machinery
-
Diversified
-
0.97%
Chart
Industries
Inc
7.50%,
01/01/2030
(i)
$
3,930
$
4,034
9.50%,
01/01/2031
(i)
2,045
2,181
CNH
Industrial
Capital
LLC
1.88%,
01/15/2026
100
94
5.50%,
01/12/2029
1,055
1,085
CNH
Industrial
Finance
Europe
SA
1.75%,
09/12/2025
EUR
100
105
Deere
&
Co
3.75%,
04/15/2050
$
100
85
Ingersoll
Rand
Inc
5.70%,
08/14/2033
100
105
John
Deere
Capital
Corp
1.30%,
10/13/2026
772
711
1.70%,
01/11/2027
100
93
2.13%,
03/07/2025
200
194
3.40%,
06/06/2025
1,385
1,363
3.45%,
03/07/2029
200
191
4.75%,
01/20/2028
821
833
4.95%,
07/14/2028
545
557
5.15%,
09/08/2026
200
204
John
Deere
Cash
Management
SARL
2.20%,
04/02/2032
EUR
100
101
John
Deere
Financial
Inc
2.31%,
06/20/2025
CAD
200
144
nVent
Finance
Sarl
2.75%,
11/15/2031
$
737
612
4.55%,
04/15/2028
150
146
Otis
Worldwide
Corp
3.36%,
02/15/2050
150
113
SPX
FLOW
Inc
8.75%,
04/01/2030
(i)
3,150
3,102
Titan
Acquisition
Ltd
/
Titan
Co-Borrower
LLC
7.75%,
04/15/2026
(i)
10,130
10,156
Westinghouse
Air
Brake
Technologies
Corp
4.70%,
09/15/2028
150
149
Xylem
Inc/NY
2.25%,
01/30/2031
100
86
$
26,444
Media
-
2
.33%
Bertelsmann
SE
&
Co
KGaA
2.00%,
04/01/2028
EUR
100
103
CCO
Holdings
LLC
/
CCO
Holdings
Capital
Corp
4.25%,
02/01/2031
(i)
$
2,425
2,050
4.25%,
01/15/2034
(i)
2,370
1,884
4.50%,
05/01/2032
1,515
1,264
4.50%,
06/01/2033
(i)
840
689
4.75%,
03/01/2030
(i)
750
666
5.38%,
06/01/2029
(i)
1,575
1,464
Charter
Communications
Operating
LLC
/
Charter
Communications
Operating
Capital
3.50%,
06/01/2041
1,194
834
3.85%,
04/01/2061
1,588
962
4.80%,
03/01/2050
1,381
1,055
4.91%,
07/23/2025
200
198
5.05%,
03/30/2029
100
98
5.38%,
05/01/2047
200
167
5.50%,
04/01/2063
150
122
6.38%,
10/23/2035
200
202
6.48%,
10/23/2045
100
96
Cogeco
Communications
Inc
2.99%,
09/22/2031
CAD
100
64
Comcast
Corp
0.75%,
02/20/2032
EUR
100
90
1.50%,
02/20/2029
GBP
200
221
1.50%,
02/15/2031
$
200
163
2.65%,
02/01/2030
300
270
2.94%,
11/01/2056
251
162
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Media
(continued)
Comcast
Corp
(continued)
2.99%,
11/01/2063
$
200
$
126
3.40%,
04/01/2030
559
521
3.75%,
04/01/2040
200
171
3.97%,
11/01/2047
200
165
4.00%,
11/01/2049
200
165
4.15%,
10/15/2028
1,073
1,057
4.60%,
10/15/2038
1,211
1,170
4.65%,
02/15/2033
300
299
4.80%,
05/15/2033
100
100
5.50%,
05/15/2064
2,678
2,762
Cox
Communications
Inc
3.35%,
09/15/2026
(i)
200
192
3.50%,
08/15/2027
(i)
100
95
3.60%,
06/15/2051
(i)
100
72
5.45%,
09/15/2028
(i)
790
806
CSC
Holdings
LLC
4.13%,
12/01/2030
(i)
750
542
4.63%,
12/01/2030
(i)
3,151
1,611
7.50%,
04/01/2028
(i)
625
416
Discovery
Communications
LLC
5.30%,
05/15/2049
1,650
1,430
6.35%,
06/01/2040
200
202
DISH
DBS
Corp
5.88%,
11/15/2024
1,100
1,021
DISH
Network
Corp
11.75%,
11/15/2027
(i)
900
939
Fox
Corp
4.71%,
01/25/2029
300
298
6.50%,
10/13/2033
100
108
Globo
Comunicacao
e
Participacoes
SA
4.88%,
01/22/2030
2,035
1,734
Grupo
Televisa
SAB
6.63%,
01/15/2040
100
105
Informa
PLC
2.13%,
10/06/2025
EUR
200
211
Midcontinent
Communications
/
Midcontinent
Finance
Corp
5.38%,
08/15/2027
(i)
$
414
401
Nexstar
Media
Inc
5.63%,
07/15/2027
(i)
2,150
2,094
Paramount
Global
4.20%,
06/01/2029
200
187
4.38%,
03/15/2043
1,526
1,105
4.60%,
01/15/2045
406
310
5.85%,
09/01/2043
529
470
Sirius
XM
Radio
Inc
3.88%,
09/01/2031
(i)
2,775
2,313
4.13%,
07/01/2030
(i)
1,275
1,116
SportsNet
New
York
10.25%,
01/15/2025
(e),(f)
20,090
19,789
Time
Warner
Cable
LLC
5.50%,
09/01/2041
250
220
6.55%,
05/01/2037
1,380
1,377
Virgin
Media
Finance
PLC
5.00%,
07/15/2030
(i)
3,825
3,416
Walt
Disney
Co/The
1.75%,
01/13/2026
250
237
2.65%,
01/13/2031
100
89
3.60%,
01/13/2051
150
118
4.75%,
09/15/2044
100
95
5.40%,
10/01/2043
100
104
6.65%,
11/15/2037
100
117
Wolters
Kluwer
NV
0.75%,
07/03/2030
EUR
100
94
Ziggo
Bond
Co
BV
6.00%,
01/15/2027
(i)
$
525
515
$
63,309
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
55
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Mining
-
0.81%
Alcoa
Nederland
Holding
BV
4.13%,
03/31/2029
(i)
$
200
$
184
Anglo
American
Capital
PLC
3.88%,
03/16/2029
200
188
4.50%,
09/15/2028
EUR
100
113
5.50%,
05/02/2033
$
200
200
Arsenal
AIC
Parent
LLC
8.00%,
10/01/2030
(i)
2,000
2,086
Barrick
PD
Australia
Finance
Pty
Ltd
5.95%,
10/15/2039
100
106
BHP
Billiton
Finance
Ltd
3.25%,
09/24/2027
EUR
100
109
4.30%,
09/25/2042
GBP
100
111
BHP
Billiton
Finance
USA
Ltd
4.13%,
02/24/2042
$
100
90
4.88%,
02/27/2026
100
101
5.50%,
09/08/2053
100
106
Century
Aluminum
Co
7.50%,
04/01/2028
(i)
9,530
9,201
Constellium
SE
3.75%,
04/15/2029
(i)
1,575
1,415
5.63%,
06/15/2028
(i)
775
758
Freeport-McMoRan
Inc
5.45%,
03/15/2043
100
96
Glencore
Capital
Finance
DAC
0.75%,
03/01/2029
EUR
150
141
Glencore
Funding
LLC
3.88%,
04/27/2051
(i)
$
100
76
4.00%,
03/27/2027
(i)
100
97
Kinross
Gold
Corp
4.50%,
07/15/2027
150
147
Newmont
Corp
2.60%,
07/15/2032
100
84
Northwest
Acquisitions
ULC
/
Dominion
Finco
Inc
0.00%,
11/01/2022
(d),(i)
19,888
2
Novelis
Corp
3.88%,
08/15/2031
(i)
575
499
4.75%,
01/30/2030
(i)
2,889
2,680
Rio
Tinto
Finance
USA
Ltd
2.75%,
11/02/2051
200
132
South32
Treasury
Ltd
4.35%,
04/14/2032
(i)
1,581
1,429
Southern
Copper
Corp
6.75%,
04/16/2040
100
112
WE
Soda
Investments
Holding
PLC
9.50%,
10/06/2028
(i)
1,775
1,815
$
22,078
Miscellaneous
Manufacturers
-
0.23%
3M
Co
3.63%,
09/14/2028
250
239
3.63%,
10/15/2047
150
113
Alstom
SA
0.00%,
01/11/2029
(d)
EUR
100
89
Carlisle
Cos
Inc
2.20%,
03/01/2032
$
100
81
Eaton
Corp
4.15%,
11/02/2042
150
135
GE
Capital
Funding
LLC
4.55%,
05/15/2032
200
196
General
Electric
Co
1.88%,
05/28/2027
EUR
200
208
Parker-Hannifin
Corp
4.10%,
03/01/2047
$
150
130
4.25%,
09/15/2027
1,069
1,057
Siemens
Financieringsmaatschappij
NV
0.25%,
02/20/2029
EUR
200
190
0.38%,
06/05/2026
200
204
0.63%,
02/25/2027
100
101
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Miscellaneous
Manufacturers
(continued)
Siemens
Financieringsmaatschappij
NV
(continued)
1.38%,
09/06/2030
EUR
300
$
296
2.15%,
03/11/2031
(i)
$
250
212
2.35%,
10/15/2026
(i)
250
236
3.25%,
05/27/2025
(i)
2,760
2,711
Teledyne
Technologies
Inc
2.75%,
04/01/2031
150
130
$
6,328
Mortgage
Backed
Securities
-
0.29%
Fannie
Mae
REMICS
0.44%,
09/25/2047
(l)
4,825
519
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.79%
0.54%,
05/25/2046
(l)
8,468
919
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.89%
0.54%,
09/25/2046
(l)
2,214
260
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.89%
0.54%,
01/25/2047
(l)
3,759
460
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.89%
0.54%,
12/25/2049
(l)
4,854
571
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.89%
0.54%,
05/25/2050
(l)
3,343
381
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.89%
0.59%,
08/25/2049
(l)
3,528
389
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.94%
0.59%,
11/25/2049
(l)
5,003
570
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.94%
0.61%,
06/25/2050
(l)
2,166
244
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.96%
0.74%,
03/25/2048
(l)
2,146
274
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
6.09%
0.74%,
06/25/2048
(l)
2,331
283
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
6.09%
Freddie
Mac
REMICS
0.59%,
10/25/2049
(l)
3,860
448
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.94%
1.19%,
05/15/2042
(l)
3,914
436
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
6.54%
1.19%,
08/15/2043
(l)
4,342
456
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
6.54%
Ginnie
Mae
0.60%,
04/20/2046
(l)
8,975
1,008
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.94%
0.65%,
11/20/2046
(l)
5,419
652
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.99%
$
7,870
Oil
&
Gas
-
2.54%
Apache
Corp
5.35%,
07/01/2049
3,046
2,491
6.00%,
01/15/2037
585
581
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
56
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Oil
&
Gas
(continued)
BP
Capital
Markets
America
Inc
3.00%,
02/24/2050
$
1,623
$
1,134
3.38%,
02/08/2061
100
71
3.54%,
04/06/2027
2,367
2,297
4.89%,
09/11/2033
(h)
979
984
BP
Capital
Markets
PLC
2.52%,
04/07/2028
EUR
300
317
3.25%,
03/22/2026
(g),(j)
100
105
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
3.52%
3.63%,
03/22/2029
(g),(j)
100
102
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
3.78%
3.72%,
11/28/2028
$
200
193
4.25%,
03/22/2027
(g),(j)
GBP
100
119
Generic
Britain
5
Year
Government
Bond
+
3.89%
4.88%,
03/22/2030
(g),(j)
$
1,000
946
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.40%
Callon
Petroleum
Co
7.50%,
06/15/2030
(i)
125
132
Canadian
Natural
Resources
Ltd
2.05%,
07/15/2025
200
191
2.95%,
07/15/2030
200
176
Cenovus
Energy
Inc
3.50%,
02/07/2028
CAD
200
143
6.75%,
11/15/2039
$
100
110
Chesapeake
Energy
Corp
6.75%,
04/15/2029
(i)
625
632
Chevron
Corp
2.24%,
05/11/2030
1,721
1,526
2.95%,
05/16/2026
400
387
Chevron
USA
Inc
4.20%,
10/15/2049
646
556
Civitas
Resources
Inc
8.63%,
11/01/2030
(i)
1,200
1,280
CNX
Resources
Corp
7.38%,
01/15/2031
(h),(i)
1,550
1,574
Comstock
Resources
Inc
5.88%,
01/15/2030
(i)
3,475
3,011
ConocoPhillips
Co
5.05%,
09/15/2033
200
203
5.70%,
09/15/2063
150
159
Continental
Resources
Inc/OK
2.88%,
04/01/2032
(i)
100
82
Cosan
Luxembourg
SA
7.25%,
06/27/2031
(i)
1,300
1,312
Devon
Energy
Corp
5.25%,
10/15/2027
100
101
7.95%,
04/15/2032
100
116
Diamondback
Energy
Inc
3.13%,
03/24/2031
150
133
4.40%,
03/24/2051
1,235
1,017
6.25%,
03/15/2053
1,578
1,677
Ecopetrol
SA
6.88%,
04/29/2030
1,850
1,808
Energean
PLC
6.50%,
04/30/2027
1,200
1,080
Energian
Israel
Finance
Ltd
5.88%,
03/30/2031
(i)
2,425
2,015
Eni
SpA
0.63%,
01/23/2030
EUR
200
185
2.00%,
02/11/2027
(g),(j)
100
99
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
2.20%
4.25%,
05/09/2029
(i)
$
200
195
4.25%,
05/19/2033
EUR
100
113
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Oil
&
Gas
(continued)
EOG
Resources
Inc
4.15%,
01/15/2026
$
200
$
198
EQT
Corp
3.63%,
05/15/2031
(h),(i)
2,431
2,166
Exxon
Mobil
Corp
0.84%,
06/26/2032
EUR
100
89
3.29%,
03/19/2027
$
200
194
3.45%,
04/15/2051
300
231
3.48%,
03/19/2030
200
190
Hess
Corp
4.30%,
04/01/2027
200
198
6.00%,
01/15/2040
454
494
HF
Sinclair
Corp
5.00%,
02/01/2028
(i)
752
730
Hilcorp
Energy
I
LP
/
Hilcorp
Finance
Co
6.00%,
02/01/2031
(i)
875
840
6.25%,
04/15/2032
(i)
2,275
2,184
8.38%,
11/01/2033
(i)
200
215
KazMunayGas
National
Co
JSC
6.38%,
10/24/2048
3,200
2,944
Kosmos
Energy
Ltd
7.75%,
05/01/2027
1,700
1,607
Leviathan
Bond
Ltd
6.50%,
06/30/2027
(i)
2,000
1,861
Marathon
Oil
Corp
5.20%,
06/01/2045
100
89
6.60%,
10/01/2037
999
1,047
Marathon
Petroleum
Corp
4.70%,
05/01/2025
300
298
MEG
Energy
Corp
5.88%,
02/01/2029
(i)
150
146
North
West
Redwater
Partnership
/
NWR
Financing
Co
Ltd
4.35%,
01/10/2039
CAD
100
70
Occidental
Petroleum
Corp
4.40%,
04/15/2046
$
2,348
1,925
6.13%,
01/01/2031
1,093
1,135
6.38%,
09/01/2028
300
315
6.45%,
09/15/2036
100
107
6.63%,
09/01/2030
100
106
OMV
AG
1.00%,
07/03/2034
EUR
100
85
2.88%,
06/01/2029
(g),(j)
100
97
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
3.08%
ORLEN
SA
1.13%,
05/27/2028
100
98
Ovintiv
Inc
7.10%,
07/15/2053
$
100
111
Permian
Resources
Operating
LLC
5.88%,
07/01/2029
(i)
700
685
Petroleos
de
Venezuela
SA
0.00%,
11/17/2021
(d)
2,000
222
0.00%,
05/16/2024
(d)
14,402
1,533
Petroleos
Mexicanos
6.49%,
01/23/2027
2,050
1,927
6.63%,
06/15/2035
1,975
1,487
Phillips
66
Co
3.55%,
10/01/2026
150
146
3.75%,
03/01/2028
200
193
5.30%,
06/30/2033
100
102
Pioneer
Natural
Resources
Co
5.10%,
03/29/2026
609
613
Puma
International
Financing
SA
5.00%,
01/24/2026
1,275
1,208
Reliance
Industries
Ltd
2.88%,
01/12/2032
250
213
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
57
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Oil
&
Gas
(continued)
Repsol
International
Finance
BV
0.25%,
08/02/2027
EUR
200
$
196
Santos
Finance
Ltd
5.25%,
03/13/2029
$
200
195
Shell
International
Finance
BV
0.50%,
11/08/2031
EUR
100
89
1.25%,
11/11/2032
100
92
2.50%,
09/12/2026
$
300
286
3.00%,
11/26/2051
200
139
4.38%,
05/11/2045
200
182
5.50%,
03/25/2040
100
106
Suncor
Energy
Inc
3.75%,
03/04/2051
100
75
Sunoco
LP
/
Sunoco
Finance
Corp
4.50%,
04/30/2030
1,300
1,202
Tengizchevroil
Finance
Co
International
Ltd
4.00%,
08/15/2026
2,925
2,754
TotalEnergies
Capital
International
SA
1.62%,
05/18/2040
EUR
200
167
1.66%,
07/22/2026
GBP
200
237
2.99%,
06/29/2041
$
200
154
TotalEnergies
SE
1.63%,
10/25/2027
(g),(j)
EUR
100
97
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
1.99%
2.13%,
07/25/2032
(g),(j)
100
88
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
2.51%
2.63%,
02/26/2025
(g),(j)
200
211
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
2.15%
Transocean
Inc
6.80%,
03/15/2038
$
1,325
1,073
7.50%,
04/15/2031
175
154
8.75%,
02/15/2030
(i)
1,164
1,206
Valero
Energy
Corp
3.65%,
12/01/2051
100
73
Var
Energi
ASA
7.50%,
01/15/2028
(i)
200
212
Viper
Energy
Inc
7.38%,
11/01/2031
(i)
2,450
2,532
Wintershall
Dea
Finance
BV
1.33%,
09/25/2028
EUR
100
96
Woodside
Finance
Ltd
4.50%,
03/04/2029
(i)
$
150
144
$
69,212
Oil
&
Gas
Services
-
0.06%
Baker
Hughes
Holdings
LLC
/
Baker
Hughes
Co-
Obligor
Inc
3.14%,
11/07/2029
100
93
Halliburton
Co
4.75%,
08/01/2043
938
882
4.85%,
11/15/2035
200
198
5.00%,
11/15/2045
100
97
Schlumberger
Holdings
Corp
3.90%,
05/17/2028
(i)
300
291
$
1,561
Other
Asset
Backed
Securities
-
0.18%
Verizon
Master
Trust
0.50%,
05/20/2027
3,000
2,953
1.53%,
07/20/2028
2,025
1,956
$
4,909
Packaging
&
Containers
-
0.72%
Amcor
Flexibles
North
America
Inc
2.69%,
05/25/2031
1,452
1,250
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Packaging
&
Containers
(continued)
Ardagh
Metal
Packaging
Finance
USA
LLC
/
Ardagh
Metal
Packaging
Finance
PLC
4.00%,
09/01/2029
(i)
$
6,950
$
5,633
Ball
Corp
2.88%,
08/15/2030
125
107
DS
Smith
PLC
4.50%,
07/27/2030
EUR
100
111
Packaging
Corp
of
America
3.40%,
12/15/2027
$
200
191
5.70%,
12/01/2033
1,137
1,194
Sealed
Air
Corp/Sealed
Air
Corp
US
7.25%,
02/15/2031
(i)
1,400
1,464
Smurfit
Kappa
Treasury
ULC
1.50%,
09/15/2027
EUR
200
203
Sonoco
Products
Co
1.80%,
02/01/2025
$
3,501
3,381
Stora
Enso
Oyj
4.25%,
09/01/2029
EUR
100
111
Trivium
Packaging
Finance
BV
5.50%,
08/15/2026
(i)
$
5,825
5,687
Verallia
SA
1.63%,
05/14/2028
EUR
100
99
WRKCo
Inc
3.00%,
06/15/2033
$
100
86
$
19,517
Pharmaceuticals
-
1.75%
AbbVie
Inc
0.75%,
11/18/2027
EUR
200
200
3.80%,
03/15/2025
$
300
296
4.05%,
11/21/2039
2,389
2,161
4.25%,
11/14/2028
100
99
4.25%,
11/21/2049
1,345
1,182
4.88%,
11/14/2048
200
193
Astrazeneca
Finance
LLC
4.88%,
03/03/2028
1,191
1,211
4.90%,
03/03/2030
1,300
1,335
AstraZeneca
PLC
0.70%,
04/08/2026
200
184
1.38%,
08/06/2030
200
166
3.00%,
05/28/2051
300
217
Bayer
AG
4.00%,
08/26/2026
EUR
100
109
4.63%,
05/26/2033
200
221
Bayer
US
Finance
II
LLC
3.95%,
04/15/2045
(i)
$
100
73
4.25%,
12/15/2025
(i)
200
195
4.70%,
07/15/2064
(i)
100
75
Becton
Dickinson
&
Co
3.79%,
05/20/2050
100
81
4.30%,
08/22/2032
430
414
4.69%,
02/13/2028
1,231
1,231
Bristol-Myers
Squibb
Co
1.13%,
11/13/2027
100
89
2.95%,
03/15/2032
789
696
3.70%,
03/15/2052
200
156
3.90%,
02/20/2028
100
98
4.13%,
06/15/2039
200
180
4.35%,
11/15/2047
200
176
5.75%,
02/01/2031
1,180
1,254
6.40%,
11/15/2063
789
907
Cardinal
Health
Inc
4.60%,
03/15/2043
2,395
2,112
4.90%,
09/15/2045
100
91
Cencora
Inc
2.70%,
03/15/2031
100
87
3.45%,
12/15/2027
403
387
4.25%,
03/01/2045
209
187
4.30%,
12/15/2047
733
653
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
58
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pharmaceuticals
(continued)
Cigna
Group/The
2.38%,
03/15/2031
$
200
$
170
2.40%,
03/15/2030
671
586
3.40%,
03/01/2027
200
192
3.40%,
03/15/2050
1,904
1,385
3.40%,
03/15/2051
200
145
3.88%,
10/15/2047
399
321
4.80%,
08/15/2038
200
193
CVS
Health
Corp
3.00%,
08/15/2026
200
192
4.78%,
03/25/2038
2,980
2,796
5.00%,
02/20/2026
200
201
5.00%,
01/30/2029
300
304
5.05%,
03/25/2048
200
183
5.13%,
07/20/2045
1,035
971
5.25%,
01/30/2031
200
204
6.00%,
06/01/2063
637
657
Eli
Lilly
&
Co
0.63%,
11/01/2031
EUR
100
92
3.38%,
03/15/2029
$
250
240
4.70%,
02/27/2033
895
912
4.88%,
02/27/2053
100
101
GlaxoSmithKline
Capital
Inc
3.88%,
05/15/2028
300
295
GlaxoSmithKline
Capital
PLC
1.63%,
05/12/2035
GBP
200
187
Grifols
SA
3.88%,
10/15/2028
(i)
EUR
1,125
1,026
4.75%,
10/15/2028
(i)
$
1,000
860
Johnson
&
Johnson
0.55%,
09/01/2025
100
94
0.95%,
09/01/2027
200
179
1.65%,
05/20/2035
EUR
100
96
2.10%,
09/01/2040
$
400
282
2.25%,
09/01/2050
100
64
Merck
&
Co
Inc
2.75%,
12/10/2051
100
67
3.40%,
03/07/2029
200
191
4.90%,
05/17/2044
300
300
5.15%,
05/17/2063
1,111
1,130
Merck
Financial
Services
GmbH
0.88%,
07/05/2031
EUR
100
93
Novartis
Capital
Corp
2.20%,
08/14/2030
$
200
176
3.70%,
09/21/2042
100
86
Novartis
Finance
SA
0.00%,
09/23/2028
(d)
EUR
200
190
Option
Care
Health
Inc
4.38%,
10/31/2029
(i)
$
3,440
3,139
Pfizer
Inc
0.80%,
05/28/2025
200
190
2.74%,
06/15/2043
GBP
100
91
3.90%,
03/15/2039
$
200
178
4.00%,
03/15/2049
100
86
Pfizer
Investment
Enterprises
Pte
Ltd
4.65%,
05/19/2025
300
299
4.75%,
05/19/2033
956
955
5.11%,
05/19/2043
952
946
5.30%,
05/19/2053
1,178
1,197
5.34%,
05/19/2063
1,762
1,761
Prestige
Brands
Inc
3.75%,
04/01/2031
(i)
200
173
Sanofi
SA
1.25%,
04/06/2029
EUR
200
201
1.50%,
09/22/2025
300
316
Shire
Acquisitions
Investments
Ireland
DAC
3.20%,
09/23/2026
$
1,429
1,375
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pharmaceuticals
(continued)
Takeda
Pharmaceutical
Co
Ltd
1.00%,
07/09/2029
EUR
300
$
289
3.03%,
07/09/2040
$
200
154
5.00%,
11/26/2028
200
203
Upjohn
Finance
BV
1.36%,
06/23/2027
EUR
200
201
Viatris
Inc
2.30%,
06/22/2027
$
100
91
2.70%,
06/22/2030
100
85
3.85%,
06/22/2040
1,314
994
4.00%,
06/22/2050
2,858
2,023
Zoetis
Inc
4.45%,
08/20/2048
100
89
4.50%,
11/13/2025
200
199
5.60%,
11/16/2032
572
605
$
47,717
Pipelines
-
2.15%
Acu
Petroleo
Luxembourg
Sarl
7.50%,
07/13/2035
1,716
1,645
Antero
Midstream
Partners
LP
/
Antero
Midstream
Finance
Corp
5.75%,
01/15/2028
(i)
825
810
Boardwalk
Pipelines
LP
4.80%,
05/03/2029
100
98
Buckeye
Partners
LP
4.50%,
03/01/2028
(i)
1,025
962
5.60%,
10/15/2044
375
289
5.85%,
11/15/2043
1,450
1,184
Cheniere
Corpus
Christi
Holdings
LLC
5.88%,
03/31/2025
200
201
Cheniere
Energy
Partners
LP
3.25%,
01/31/2032
100
85
4.00%,
03/01/2031
100
91
CNX
Midstream
Partners
LP
4.75%,
04/15/2030
(i)
2,825
2,462
Columbia
Pipelines
Operating
Co
LLC
6.50%,
08/15/2043
(i)
100
109
CQP
Holdco
LP
/
BIP-V
Chinook
Holdco
LLC
5.50%,
06/15/2031
(i)
2,005
1,871
DCP
Midstream
Operating
LP
3.25%,
02/15/2032
100
87
Enbridge
Energy
Partners
LP
7.38%,
10/15/2045
150
177
Enbridge
Inc
2.99%,
10/03/2029
CAD
300
205
5.36%,
05/26/2033
200
152
5.70%,
03/08/2033
$
100
103
6.00%,
01/15/2077
(j)
400
385
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.15%
6.25%,
03/01/2078
(j)
4,100
3,912
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.90%
8.50%,
01/15/2084
(j)
200
214
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.43%
Enbridge
Pipelines
Inc
3.52%,
02/22/2029
CAD
300
212
Energy
Transfer
LP
4.05%,
03/15/2025
$
200
197
4.90%,
03/15/2035
405
382
4.95%,
05/15/2028
1,046
1,043
5.35%,
05/15/2045
1,306
1,215
5.40%,
10/01/2047
867
806
5.95%,
05/15/2054
100
100
6.10%,
02/15/2042
200
201
6.13%,
12/15/2045
617
630
6.25%,
04/15/2049
150
156
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
59
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pipelines
(continued)
Energy
Transfer
LP
(continued)
6.40%,
12/01/2030
$
672
$
716
Enterprise
Products
Operating
LLC
3.70%,
01/31/2051
526
413
4.60%,
01/11/2027
1,068
1,071
5.10%,
02/15/2045
200
196
5.25%,
08/16/2077
(j)
393
378
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.29%
5.35%,
01/31/2033
200
208
EQM
Midstream
Partners
LP
4.75%,
01/15/2031
(i)
1,225
1,142
Flex
Intermediate
Holdco
LLC
3.36%,
06/30/2031
(i)
100
82
Galaxy
Pipeline
Assets
Bidco
Ltd
3.25%,
09/30/2040
200
152
Genesis
Energy
LP
/
Genesis
Energy
Finance
Corp
8.00%,
01/15/2027
1,780
1,801
8.25%,
01/15/2029
875
900
8.88%,
04/15/2030
1,150
1,203
Gray
Oak
Pipeline
LLC
3.45%,
10/15/2027
(i)
1,473
1,379
Greensaif
Pipelines
Bidco
Sarl
6.13%,
02/23/2038
1,950
1,993
Hess
Midstream
Operations
LP
5.50%,
10/15/2030
(i)
1,050
1,026
Inter
Pipeline
Ltd
6.38%,
02/17/2033
CAD
100
78
Inter
Pipeline
Ltd/AB
3.98%,
11/25/2031
100
67
Kinder
Morgan
Energy
Partners
LP
5.00%,
08/15/2042
$
100
90
5.40%,
09/01/2044
100
94
5.50%,
03/01/2044
772
735
Kinder
Morgan
Inc
5.30%,
12/01/2034
200
198
Magellan
Midstream
Partners
LP
5.15%,
10/15/2043
100
93
Midwest
Connector
Capital
Co
LLC
4.63%,
04/01/2029
(i)
150
145
MPLX
LP
4.70%,
04/15/2048
300
258
5.00%,
03/01/2033
100
98
New
Fortress
Energy
Inc
6.75%,
09/15/2025
(i)
975
963
Northern
Natural
Gas
Co
4.30%,
01/15/2049
(i)
100
83
5.63%,
02/01/2054
(i)
358
365
ONEOK
Inc
5.80%,
11/01/2030
300
312
6.05%,
09/01/2033
100
105
6.63%,
09/01/2053
100
110
ONEOK
Partners
LP
6.65%,
10/01/2036
2,416
2,625
Pembina
Pipeline
Corp
4.75%,
03/26/2048
CAD
200
131
Plains
All
American
Pipeline
LP
/
PAA
Finance
Corp
4.30%,
01/31/2043
$
601
487
4.90%,
02/15/2045
150
131
6.65%,
01/15/2037
1,065
1,147
Sabine
Pass
Liquefaction
LLC
4.20%,
03/15/2028
200
196
5.90%,
09/15/2037
591
620
Tallgrass
Energy
Partners
LP
/
Tallgrass
Energy
Finance
Corp
6.00%,
09/01/2031
(i)
675
622
7.38%,
02/15/2029
(i)
1,250
1,247
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pipelines
(continued)
Targa
Resources
Corp
4.20%,
02/01/2033
$
100
$
92
6.15%,
03/01/2029
689
720
6.50%,
02/15/2053
100
108
Targa
Resources
Partners
LP
/
Targa
Resources
Partners
Finance
Corp
6.50%,
07/15/2027
1,362
1,386
Tennessee
Gas
Pipeline
Co
LLC
2.90%,
03/01/2030
(i)
300
264
TransCanada
PipeLines
Ltd
4.75%,
05/15/2038
300
280
5.92%,
05/12/2052
CAD
200
157
Transcanada
Trust
5.60%,
03/07/2082
(j)
$
3,800
3,336
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.99%
5.88%,
08/15/2076
(j)
882
847
3
Month
USD
LIBOR
+
4.64%
Venture
Global
LNG
Inc
8.38%,
06/01/2031
(i)
4,200
4,241
9.88%,
02/01/2032
(i)
1,775
1,867
Western
Midstream
Operating
LP
4.05%,
02/01/2030
100
93
5.45%,
04/01/2044
100
91
Williams
Cos
Inc/The
2.60%,
03/15/2031
200
171
5.30%,
08/15/2028
200
204
5.30%,
08/15/2052
100
97
5.75%,
06/24/2044
815
827
$
58,425
Private
Equity
-
0.03%
Brookfield
Finance
II
Inc
5.43%,
12/14/2032
CAD
100
75
Brookfield
Finance
LLC
/
Brookfield
Finance
Inc
3.45%,
04/15/2050
$
200
141
Carlyle
Finance
Subsidiary
LLC
3.50%,
09/19/2029
(i)
100
93
CBRE
Global
Investors
Open-Ended
Funds
SCA
SICAV-SIF-Pan
European
Core
Fund
0.50%,
01/27/2028
EUR
100
93
EQT
AB
2.38%,
04/06/2028
100
101
Intermediate
Capital
Group
PLC
1.63%,
02/17/2027
100
100
KKR
Group
Finance
Co
VIII
LLC
3.50%,
08/25/2050
(i)
$
150
105
$
708
Real
Estate
-
0.29%
Acef
Holding
SCA
1.25%,
04/26/2030
EUR
100
87
Akelius
Residential
Property
Financing
BV
1.13%,
01/11/2029
100
90
Annington
Funding
PLC
3.18%,
07/12/2029
GBP
200
226
Aroundtown
SA
3.00%,
10/16/2029
100
99
Aster
Treasury
Plc
1.41%,
01/27/2036
100
88
Blackstone
Property
Partners
Europe
Holdings
Sarl
1.00%,
10/20/2026
EUR
200
197
Blend
Funding
PLC
3.46%,
09/21/2049
GBP
100
95
China
Overseas
Grand
Oceans
Finance
IV
Cayman
Ltd
2.45%,
02/09/2026
$
200
169
Clarion
Funding
PLC
1.25%,
11/13/2032
GBP
100
94
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
60
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Real
Estate
(continued)
Country
Garden
Holdings
Co
Ltd
0.00%,
05/27/2025
(d)
$
300
$
21
0.00%,
02/06/2026
(d)
1,900
144
0.00%,
04/08/2026
(d)
700
54
0.00%,
07/12/2026
(d)
200
14
CPI
Property
Group
SA
1.63%,
04/23/2027
EUR
100
87
CTP
NV
1.25%,
06/21/2029
100
91
Deutsche
Wohnen
SE
1.50%,
04/30/2030
100
94
Heimstaden
Bostad
Treasury
BV
1.38%,
07/24/2028
100
83
Hongkong
Land
Finance
Cayman
Islands
Co
Ltd/
The
5.25%,
07/14/2033
$
200
197
Hyde
Housing
Association
Ltd
1.75%,
08/18/2055
GBP
100
60
Kojamo
Oyj
1.88%,
05/27/2027
EUR
100
98
LEG
Immobilien
SE
0.75%,
06/30/2031
100
85
London
&
Quadrant
Housing
Trust
2.00%,
03/31/2032
GBP
100
101
MAF
Global
Securities
Ltd
7.88%,
06/30/2027
(g),(j)
$
3,275
3,371
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.89%
Notting
Hill
Genesis
2.88%,
01/31/2029
GBP
100
115
Ontario
Teachers'
Cadillac
Fairview
Properties
Trust
2.50%,
10/15/2031
(i)
$
830
668
Orbit
Capital
PLC
2.00%,
11/24/2038
GBP
100
84
Paragon
Treasury
PLC
2.00%,
05/07/2036
100
89
Peabody
Capital
PLC
5.25%,
03/17/2043
100
124
Platform
HG
Financing
PLC
1.93%,
09/15/2041
100
82
Prologis
International
Funding
II
SA
4.63%,
02/21/2035
EUR
100
111
Southern
Housing
3.50%,
10/19/2047
GBP
100
90
Sun
Hung
Kai
Properties
Capital
Market
Ltd
2.88%,
01/21/2030
$
200
176
VGP
NV
1.63%,
01/17/2027
EUR
100
99
Vonovia
Finance
BV
1.13%,
09/14/2034
100
80
Vonovia
SE
0.00%,
12/01/2025
(d)
200
202
0.38%,
06/16/2027
100
97
0.63%,
03/24/2031
200
171
$
7,833
Regional
Authority
-
0.10%
Province
of
British
Columbia
Canada
4.20%,
07/06/2033
$
2,087
2,061
Provincia
de
Buenos
Aires/Government
Bonds
6.37%,
09/01/2037
(m)
1,500
583
$
2,644
REITs
-
1.11%
Alexandria
Real
Estate
Equities
Inc
4.90%,
12/15/2030
400
397
Allied
Properties
Real
Estate
Investment
Trust
3.11%,
04/08/2027
CAD
300
203
American
Homes
4
Rent
LP
4.25%,
02/15/2028
$
200
194
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
REITs
(continued)
American
Tower
Corp
0.45%,
01/15/2027
EUR
100
$
99
1.45%,
09/15/2026
$
200
183
1.50%,
01/31/2028
300
263
2.30%,
09/15/2031
1,114
922
2.70%,
04/15/2031
200
171
4.63%,
05/16/2031
EUR
100
114
AvalonBay
Communities
Inc
2.45%,
01/15/2031
$
100
86
Boston
Properties
LP
2.55%,
04/01/2032
150
119
Brixmor
Operating
Partnership
LP
4.05%,
07/01/2030
100
94
Choice
Properties
Real
Estate
Investment
Trust
4.18%,
03/08/2028
CAD
300
219
Covivio
SA/France
1.63%,
06/23/2030
EUR
100
96
Crown
Castle
Inc
2.25%,
01/15/2031
$
100
83
2.90%,
04/01/2041
200
143
5.00%,
01/11/2028
806
802
5.20%,
02/15/2049
412
385
5.60%,
06/01/2029
698
711
Digital
Dutch
Finco
BV
1.25%,
02/01/2031
EUR
200
179
Digital
Realty
Trust
LP
5.55%,
01/15/2028
$
100
102
EPR
Properties
4.95%,
04/15/2028
100
96
Equinix
Inc
1.00%,
03/15/2033
EUR
100
86
3.90%,
04/15/2032
$
100
93
ERP
Operating
LP
3.50%,
03/01/2028
200
192
Extra
Space
Storage
LP
5.70%,
04/01/2028
100
102
Gecina
SA
1.63%,
05/29/2034
EUR
100
92
GLP
Capital
LP
/
GLP
Financing
II
Inc
5.38%,
04/15/2026
$
300
299
HAT
Holdings
I
LLC
/
HAT
Holdings
II
LLC
3.38%,
06/15/2026
(i)
325
302
3.75%,
09/15/2030
(h),(i)
1,275
1,053
8.00%,
06/15/2027
(i)
1,100
1,139
Healthpeak
OP
LLC
3.50%,
07/15/2029
100
93
Highwoods
Realty
LP
2.60%,
02/01/2031
100
79
Host
Hotels
&
Resorts
LP
3.50%,
09/15/2030
1,772
1,593
ICADE
1.63%,
02/28/2028
EUR
200
200
Inmobiliaria
Colonial
Socimi
SA
2.00%,
04/17/2026
200
209
Invitation
Homes
Operating
Partnership
LP
5.50%,
08/15/2033
$
100
101
Kilroy
Realty
LP
4.75%,
12/15/2028
100
96
Kimco
Realty
OP
LLC
2.25%,
12/01/2031
100
81
4.60%,
02/01/2033
150
144
Klepierre
SA
2.00%,
05/12/2029
EUR
100
101
LXP
Industrial
Trust
2.38%,
10/01/2031
$
650
524
Merlin
Properties
Socimi
SA
1.38%,
06/01/2030
EUR
100
93
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
61
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
REITs
(continued)
MPT
Operating
Partnership
LP
/
MPT
Finance
Corp
0.99%,
10/15/2026
EUR
2,050
$
1,662
3.50%,
03/15/2031
$
675
414
5.00%,
10/15/2027
1,250
946
National
Health
Investors
Inc
3.00%,
02/01/2031
1,203
957
NNN
REIT
Inc
5.60%,
10/15/2033
150
153
Omega
Healthcare
Investors
Inc
3.25%,
04/15/2033
2,397
1,935
3.38%,
02/01/2031
997
855
Piedmont
Operating
Partnership
LP
3.15%,
08/15/2030
100
77
Praemia
Healthcare
SACA
5.50%,
09/19/2028
EUR
100
114
Prologis
Euro
Finance
LLC
0.50%,
02/16/2032
300
253
Prologis
LP
1.63%,
03/15/2031
$
200
162
2.25%,
04/15/2030
200
175
4.00%,
09/15/2028
100
98
Public
Storage
Operating
Co
5.35%,
08/01/2053
450
462
Realty
Income
Corp
3.20%,
01/15/2027
200
191
4.65%,
03/15/2047
100
92
4.88%,
07/06/2030
EUR
100
114
5.05%,
01/13/2026
$
200
200
Regency
Centers
LP
5.25%,
01/15/2034
100
100
Sabra
Health
Care
LP
5.13%,
08/15/2026
200
197
Scentre
Group
Trust
2
4.75%,
09/24/2080
(i)
1,600
1,522
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
8.76%
Segro
PLC
5.13%,
12/06/2041
GBP
100
123
SELP
Finance
Sarl
1.50%,
11/20/2025
EUR
100
104
Service
Properties
Trust
8.63%,
11/15/2031
(i)
$
1,975
2,094
Simon
Property
Group
LP
2.20%,
02/01/2031
150
126
5.50%,
03/08/2033
100
103
5.85%,
03/08/2053
100
106
STORE
Capital
Corp
4.50%,
03/15/2028
200
188
Tritax
Big
Box
REIT
PLC
2.63%,
12/14/2026
GBP
100
118
Trust
Fibra
Uno
5.25%,
01/30/2026
$
200
196
UDR
Inc
3.10%,
11/01/2034
100
82
Unibail-Rodamco-Westfield
SE
1.88%,
01/15/2031
EUR
200
192
2.00%,
05/29/2037
100
88
2.88%,
01/25/2026
(g),(j)
100
100
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
2.11%
Ventas
Realty
LP
5.70%,
09/30/2043
$
150
146
VICI
Properties
LP
4.75%,
02/15/2028
200
196
5.63%,
05/15/2052
100
94
Vornado
Realty
LP
2.15%,
06/01/2026
701
635
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
REITs
(continued)
WEA
Finance
LLC
3.50%,
06/15/2029
(i)
$
100
$
86
Welltower
OP
LLC
4.13%,
03/15/2029
200
194
4.25%,
04/01/2026
100
99
4.80%,
11/20/2028
GBP
100
125
Weyerhaeuser
Co
4.00%,
03/09/2052
$
972
789
4.75%,
05/15/2026
1,225
1,219
WPC
Eurobond
BV
0.95%,
06/01/2030
EUR
100
90
$
30,305
Retail
-
1.41%
1011778
BC
ULC
/
New
Red
Finance
Inc
4.00%,
10/15/2030
(i)
$
6,100
5,452
7-Eleven
Inc
0.95%,
02/10/2026
(i)
100
93
2.50%,
02/10/2041
(i)
100
69
Asbury
Automotive
Group
Inc
5.00%,
02/15/2032
(i)
500
452
AutoZone
Inc
3.63%,
04/15/2025
200
197
4.75%,
08/01/2032
100
98
6.25%,
11/01/2028
343
364
Beacon
Roofing
Supply
Inc
6.50%,
08/01/2030
(i)
475
482
CK
Hutchison
Europe
Finance
18
Ltd
1.25%,
04/13/2025
EUR
200
209
CK
Hutchison
Europe
Finance
21
Ltd
1.00%,
11/02/2033
100
82
CK
Hutchison
International
21
Ltd
3.13%,
04/15/2041
(i)
$
200
154
Costco
Wholesale
Corp
1.38%,
06/20/2027
200
182
Dick's
Sporting
Goods
Inc
4.10%,
01/15/2052
100
72
Dollar
General
Corp
3.50%,
04/03/2030
200
184
Genuine
Parts
Co
6.50%,
11/01/2028
1,050
1,117
Home
Depot
Inc/The
1.38%,
03/15/2031
100
81
3.35%,
04/15/2050
200
153
4.00%,
09/15/2025
300
297
4.50%,
12/06/2048
200
185
4.90%,
04/15/2029
695
712
4.95%,
09/15/2052
200
197
IRB
Holding
Corp
7.00%,
06/15/2025
(i)
900
894
Kohl's
Corp
5.55%,
07/17/2045
(h)
886
597
LBM
Acquisition
LLC
6.25%,
01/15/2029
(i)
1,850
1,679
LCM
Investments
Holdings
II
LLC
8.25%,
08/01/2031
(i)
2,350
2,412
Lowe's
Cos
Inc
2.50%,
04/15/2026
200
191
2.63%,
04/01/2031
200
174
4.05%,
05/03/2047
200
167
4.45%,
04/01/2062
637
534
4.50%,
04/15/2030
100
99
5.75%,
07/01/2053
200
212
LSF9
Atlantis
Holdings
LLC
/
Victra
Finance
Corp
7.75%,
02/15/2026
(i)
4,550
4,386
McDonald's
Corp
1.50%,
11/28/2029
EUR
300
296
3.60%,
07/01/2030
$
150
142
3.63%,
09/01/2049
1,357
1,063
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
62
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Retail
(continued)
McDonald’s
Corp
(continued)
3.70%,
01/30/2026
$
100
$
98
4.60%,
09/09/2032
100
100
4.80%,
08/14/2028
2,078
2,110
4.88%,
12/09/2045
200
194
5.15%,
09/09/2052
100
100
5.45%,
08/14/2053
1,163
1,211
O'Reilly
Automotive
Inc
3.60%,
09/01/2027
1,023
986
5.75%,
11/20/2026
690
707
Park
River
Holdings
Inc
6.75%,
08/01/2029
(i)
1,275
1,081
Raising
Cane's
Restaurants
LLC
9.38%,
05/01/2029
(i)
1,250
1,339
Richemont
International
Holding
SA
1.63%,
05/26/2040
EUR
150
127
Specialty
Building
Products
Holdings
LLC
/
SBP
Finance
Corp
6.38%,
09/30/2026
(i)
$
2,275
2,236
SRS
Distribution
Inc
6.00%,
12/01/2029
(i)
2,000
1,870
Starbucks
Corp
4.50%,
11/15/2048
100
90
4.75%,
02/15/2026
100
100
4.80%,
02/15/2033
100
101
Suburban
Propane
Partners
LP/Suburban
Energy
Finance
Corp
5.00%,
06/01/2031
(i)
800
719
Target
Corp
2.95%,
01/15/2052
100
70
4.50%,
09/15/2032
200
198
Tractor
Supply
Co
5.25%,
05/15/2033
100
102
Walmart
Inc
1.50%,
09/22/2028
200
179
1.80%,
09/22/2031
150
126
2.50%,
09/22/2041
100
73
2.95%,
09/24/2049
100
73
4.00%,
04/15/2030
300
298
4.50%,
04/15/2053
100
95
5.63%,
03/27/2034
GBP
200
277
$
38,338
Savings
&
Loans
-
0.10%
Nationwide
Building
Society
0.25%,
09/14/2028
EUR
100
94
3.90%,
07/21/2025
(i)
$
300
295
New
York
Community
Bancorp
Inc
8.43%,
11/06/2028
(h)
2,491
2,323
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.04%
$
2,712
Semiconductors
-
0.39%
Analog
Devices
Inc
2.95%,
04/01/2025
200
196
Applied
Materials
Inc
3.30%,
04/01/2027
300
290
ASML
Holding
NV
0.63%,
05/07/2029
EUR
100
96
Broadcom
Inc
2.45%,
02/15/2031
(i)
$
2,098
1,786
3.19%,
11/15/2036
(i)
1,938
1,575
3.42%,
04/15/2033
(i)
150
132
3.46%,
09/15/2026
200
194
Foundry
JV
Holdco
LLC
5.88%,
01/25/2034
(i)
1,246
1,283
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Semiconductors
(continued)
Intel
Corp
2.80%,
08/12/2041
$
200
$
148
3.25%,
11/15/2049
200
145
3.70%,
07/29/2025
200
197
4.10%,
05/19/2046
250
219
4.88%,
02/10/2028
200
203
5.05%,
08/05/2062
200
192
KLA
Corp
4.95%,
07/15/2052
100
98
Marvell
Technology
Inc
4.88%,
06/22/2028
200
200
Micron
Technology
Inc
5.88%,
02/09/2033
200
209
NVIDIA
Corp
2.00%,
06/15/2031
200
171
NXP
BV
/
NXP
Funding
LLC
/
NXP
USA
Inc
5.00%,
01/15/2033
100
99
QUALCOMM
Inc
4.30%,
05/20/2047
100
90
4.80%,
05/20/2045
200
196
6.00%,
05/20/2053
464
527
Skyworks
Solutions
Inc
3.00%,
06/01/2031
100
86
Texas
Instruments
Inc
3.88%,
03/15/2039
200
184
4.60%,
02/15/2028
802
811
4.90%,
03/14/2033
100
103
5.00%,
03/14/2053
655
654
TSMC
Arizona
Corp
3.13%,
10/25/2041
200
160
TSMC
Global
Ltd
0.75%,
09/28/2025
300
280
1.38%,
09/28/2030
200
163
$
10,687
Software
-
1.44%
ACI
Worldwide
Inc
5.75%,
08/15/2026
(i)
375
371
Capstone
Borrower
Inc
8.00%,
06/15/2030
(i)
2,775
2,880
Central
Parent
LLC
/
CDK
Global
II
LLC
/
CDK
Financing
Co
Inc
8.00%,
06/15/2029
(i)
1,450
1,488
Clarivate
Science
Holdings
Corp
3.88%,
07/01/2028
(i)
1,375
1,267
4.88%,
07/01/2029
(i)
3,150
2,941
Concentrix
Corp
6.60%,
08/02/2028
200
206
Dun
&
Bradstreet
Corp/The
5.00%,
12/15/2029
(h),(i)
440
409
Fidelity
National
Information
Services
Inc
0.63%,
12/03/2025
EUR
200
206
2.25%,
03/01/2031
$
100
84
3.10%,
03/01/2041
100
74
5.63%,
07/15/2052
723
739
Fiserv
Inc
3.00%,
07/01/2031
GBP
100
112
3.85%,
06/01/2025
$
200
197
4.40%,
07/01/2049
1,478
1,287
5.63%,
08/21/2033
984
1,025
Intuit
Inc
5.13%,
09/15/2028
300
308
5.20%,
09/15/2033
608
631
Microsoft
Corp
1.35%,
09/15/2030
(i)
100
84
2.40%,
08/08/2026
200
191
2.53%,
06/01/2050
200
133
2.68%,
06/01/2060
150
99
2.92%,
03/17/2052
1,137
816
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
63
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Software
(continued)
Microsoft
Corp
(continued)
3.70%,
08/08/2046
$
200
$
173
4.10%,
02/06/2037
400
387
MSCI
Inc
4.00%,
11/15/2029
(i)
200
186
Open
Text
Corp
3.88%,
12/01/2029
(i)
450
406
Oracle
Corp
1.65%,
03/25/2026
300
280
2.30%,
03/25/2028
2,423
2,199
2.80%,
04/01/2027
300
283
2.88%,
03/25/2031
100
88
3.60%,
04/01/2040
400
320
3.60%,
04/01/2050
200
147
3.80%,
11/15/2037
2,613
2,230
3.85%,
04/01/2060
300
218
4.00%,
11/15/2047
677
540
4.13%,
05/15/2045
200
164
4.65%,
05/06/2030
100
99
4.90%,
02/06/2033
610
604
5.55%,
02/06/2053
313
311
Playtika
Holding
Corp
4.25%,
03/15/2029
(i)
5,200
4,466
RingCentral
Inc
8.50%,
08/15/2030
(i)
1,750
1,805
Roper
Technologies
Inc
4.20%,
09/15/2028
300
294
Salesforce
Inc
1.95%,
07/15/2031
300
252
SAP
SE
1.25%,
03/10/2028
EUR
200
204
SS&C
Technologies
Inc
5.50%,
09/30/2027
(i)
$
1,350
1,325
Take-Two
Interactive
Software
Inc
5.00%,
03/28/2026
200
201
Twilio
Inc
3.63%,
03/15/2029
175
158
3.88%,
03/15/2031
1,875
1,653
UKG
Inc
6.88%,
02/01/2031
(i),(n)
1,500
1,517
VMware
LLC
4.70%,
05/15/2030
100
98
ZoomInfo
Technologies
LLC/ZoomInfo
Finance
Corp
3.88%,
02/01/2029
(i)
3,350
2,977
$
39,133
Sovereign
-
3.00%
Argentine
Republic
Government
International
Bond
0.75%,
07/09/2030
(m)
3,825
1,546
3.62%,
07/09/2035
(m)
6,275
2,094
4.25%,
01/09/2038
(m)
1,850
712
Bahamas
Government
International
Bond
6.00%,
11/21/2028
1,350
1,206
9.00%,
06/16/2029
(i)
500
487
Brazil
Notas
do
Tesouro
Nacional
Serie
F
9.76%,
01/01/2033
BRL
24,400
4,774
Colombian
TES
6.00%,
04/28/2028
COP
23,300,000
5,395
Dominican
Republic
International
Bond
6.85%,
01/27/2045
$
2,425
2,365
Ecuador
Government
International
Bond
3.50%,
07/31/2035
(m)
5,775
2,366
6.00%,
07/31/2030
(m)
1,100
575
Egypt
Government
International
Bond
7.30%,
09/30/2033
4,825
3,173
Gabon
Government
International
Bond
6.63%,
02/06/2031
1,800
1,469
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Sovereign
(continued)
Guatemala
Government
Bond
5.25%,
08/10/2029
$
1,800
$
1,739
Hungary
Government
Bond
9.65%,
04/22/2027
HUF
650,000
1,849
3
Month
Budapest
Interbank
Offered
Rate
+
0.00%
Hungary
Government
International
Bond
6.25%,
09/22/2032
$
2,600
2,713
Indonesia
Treasury
Bond
6.38%,
08/15/2028
IDR
29,800,000
1,885
6.50%,
02/15/2031
9,100,000
571
6.63%,
02/15/2034
30,000,000
1,902
7.00%,
02/15/2033
32,700,000
2,127
Iraq
International
Bond
5.80%,
01/15/2028
$
2,949
2,746
Ivory
Coast
Government
International
Bond
5.25%,
03/22/2030
EUR
1,900
1,861
6.88%,
10/17/2040
2,375
2,140
Japan
Government
Five
Year
Bond
0.40%,
09/20/2028
JPY
100,000
683
Magyar
Export-Import
Bank
Zrt
6.13%,
12/04/2027
$
1,425
1,436
Mexican
Bonos
7.50%,
06/03/2027
MXN
87,150
4,793
Mexico
Government
International
Bond
4.28%,
08/14/2041
$
2,681
2,167
6.05%,
01/11/2040
1,720
1,715
6.34%,
05/04/2053
400
399
Nigeria
Government
International
Bond
9.25%,
01/21/2049
2,175
1,909
Peru
Government
Bond
5.40%,
08/12/2034
PEN
3,600
860
Peruvian
Government
International
Bond
7.30%,
08/12/2033
(i)
8,768
2,430
Republic
of
Italy
Government
International
Bond
3.88%,
05/06/2051
$
1,013
706
Republic
of
South
Africa
Government
Bond
8.00%,
01/31/2030
ZAR
28,800
1,417
8.75%,
01/31/2044
47,600
1,879
Republic
of
South
Africa
Government
International
Bond
4.85%,
09/30/2029
$
1,275
1,162
Republic
of
Uzbekistan
International
Bond
7.85%,
10/12/2028
(i)
1,775
1,840
Romanian
Government
International
Bond
6.63%,
02/17/2028
2,300
2,381
Senegal
Government
International
Bond
4.75%,
03/13/2028
EUR
1,175
1,161
5.38%,
06/08/2037
1,575
1,226
5.38%,
06/08/2037
(i)
700
545
Serbia
International
Bond
6.50%,
09/26/2033
$
1,850
1,886
State
Agency
of
Roads
of
Ukraine
0.00%,
06/24/2030
(d)
2,850
716
Tunisian
Republic
6.38%,
07/15/2026
EUR
1,875
1,529
Turkiye
Government
Bond
26.20%,
10/05/2033
TRY
51,800
1,715
Ukraine
Government
International
Bond
0.00%,
09/01/2029
(d)
$
500
125
0.00%,
08/01/2041
(d),(m)
2,725
1,254
$
81,629
Supranational
Bank
-
0.44%
European
Bank
for
Reconstruction
&
Development
1.50%,
02/13/2025
1,860
1,798
6.30%,
10/26/2027
INR
291,000
3,440
Inter-American
Development
Bank
1.13%,
07/20/2028
$
2,657
2,344
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
64
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Supranational
Bank
(continued)
International
Bank
for
Reconstruction
&
Development
0.75%,
11/24/2027
$
2,166
$
1,916
3.13%,
11/20/2025
1,145
1,120
6.85%,
04/24/2028
INR
67,000
807
7.05%,
07/22/2029
43,500
526
$
11,951
Telecommunications
-
2.18%
America
Movil
SAB
de
CV
4.38%,
04/22/2049
$
200
176
4.70%,
07/21/2032
200
195
AT&T
Inc
0.25%,
03/04/2026
EUR
200
203
2.55%,
12/01/2033
$
200
162
2.60%,
05/19/2038
EUR
150
139
3.55%,
09/15/2055
$
500
356
3.65%,
06/01/2051
300
224
3.65%,
09/15/2059
300
212
3.85%,
06/01/2060
509
375
4.25%,
06/01/2043
GBP
100
106
4.30%,
11/18/2034
EUR
100
114
4.50%,
05/15/2035
$
2,747
2,595
4.75%,
05/15/2046
1,774
1,606
4.90%,
08/15/2037
2,031
1,964
5.20%,
11/18/2033
GBP
100
127
5.40%,
02/15/2034
$
805
826
5.54%,
02/20/2026
300
300
5.55%,
08/15/2041
250
253
Axian
Telecom
7.38%,
02/16/2027
(i)
1,975
1,859
Bell
Telephone
Co
of
Canada
or
Bell
Canada
3.60%,
09/29/2027
CAD
200
144
4.30%,
07/29/2049
$
100
86
4.75%,
09/29/2044
CAD
100
69
5.60%,
08/11/2053
150
118
British
Telecommunications
PLC
3.13%,
11/21/2031
GBP
100
112
4.25%,
01/06/2033
EUR
100
113
5.13%,
12/04/2028
$
200
203
C&W
Senior
Financing
DAC
6.88%,
09/15/2027
(i)
3,325
3,150
Cisco
Systems
Inc
2.50%,
09/20/2026
100
96
5.90%,
02/15/2039
100
110
CK
Hutchison
Group
Telecom
Finance
SA
1.13%,
10/17/2028
EUR
100
98
CommScope
Inc
7.13%,
07/01/2028
(i)
$
350
150
8.25%,
03/01/2027
(i)
2,025
888
CommScope
Technologies
LLC
6.00%,
06/15/2025
(i)
543
432
Corning
Inc
5.45%,
11/15/2079
1,854
1,798
CT
Trust
5.13%,
02/03/2032
(i)
1,250
1,100
Deutsche
Telekom
AG
1.75%,
12/09/2049
EUR
100
82
Deutsche
Telekom
International
Finance
BV
1.38%,
12/01/2025
150
157
4.38%,
06/21/2028
(i)
$
300
296
9.25%,
06/01/2032
100
129
Digicel
International
Finance
Ltd/Digicel
international
Holdings
Ltd
8.75%,
05/25/2024
(i)
450
425
8.75%,
05/25/2024
4,300
4,063
HKT
Capital
No
4
Ltd
3.00%,
07/14/2026
200
190
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Telecommunications
(continued)
Iliad
Holding
SASU
7.00%,
10/15/2028
(i)
$
1,000
$
992
Koninklijke
KPN
NV
3.88%,
07/03/2031
EUR
100
111
Level
3
Financing
Inc
3.63%,
01/15/2029
(i)
$
1,925
568
3.75%,
07/15/2029
(i)
700
200
4.25%,
07/01/2028
(i)
1,025
343
4.63%,
09/15/2027
(i)
125
65
Liquid
Telecommunications
Financing
Plc
5.50%,
09/04/2026
(i)
1,625
1,013
Nokia
Oyj
4.38%,
08/21/2031
EUR
100
109
NTT
Finance
Corp
0.01%,
03/03/2025
200
208
0.34%,
03/03/2030
100
92
Orange
SA
0.50%,
09/04/2032
200
174
1.38%,
02/11/2029
(g),(j)
100
93
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
1.49%
1.75%,
12/19/2026
(g),(j)
100
101
Euribor
Swap
Rate
5
Year
+
2.18%
1.88%,
09/12/2030
200
201
2.38%,
01/15/2025
(g),(j)
200
211
EUR
Swap
Annual
(VS
6
Month)
5
Year
+
2.36%
3.25%,
01/15/2032
GBP
100
115
Rogers
Communications
Inc
3.20%,
03/15/2027
$
200
191
3.25%,
05/01/2029
CAD
200
139
4.55%,
03/15/2052
$
200
172
5.90%,
09/21/2033
CAD
200
158
6.75%,
11/09/2039
100
83
SES
SA
1.63%,
03/22/2026
EUR
100
103
Sprint
Capital
Corp
6.88%,
11/15/2028
$
200
216
Sprint
Spectrum
Co
LLC
/
Sprint
Spectrum
Co
II
LLC
/
Sprint
Spectrum
Co
III
LLC
5.15%,
03/20/2028
(i)
170
170
Telefonica
Emisiones
SA
1.45%,
01/22/2027
EUR
100
103
2.32%,
10/17/2028
300
312
4.10%,
03/08/2027
$
150
147
4.18%,
11/21/2033
EUR
100
114
4.90%,
03/06/2048
$
1,457
1,288
5.52%,
03/01/2049
200
192
Telia
Co
AB
0.13%,
11/27/2030
EUR
100
88
Telstra
Corp
Ltd
1.38%,
03/26/2029
100
99
TELUS
Corp
3.15%,
02/19/2030
CAD
500
342
4.70%,
03/06/2048
100
67
T-Mobile
USA
Inc
3.00%,
02/15/2041
$
3,859
2,884
3.50%,
04/15/2025
200
196
3.60%,
11/15/2060
811
585
3.88%,
04/15/2030
300
284
4.38%,
04/15/2040
200
180
4.50%,
04/15/2050
100
88
4.80%,
07/15/2028
200
201
5.05%,
07/15/2033
200
200
5.65%,
01/15/2053
728
751
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
65
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Telecommunications
(continued)
Verizon
Communications
Inc
0.19%,
03/24/2028
CHF
100
$
109
0.88%,
04/08/2027
EUR
200
202
1.30%,
05/18/2033
100
90
1.45%,
03/20/2026
$
400
373
1.75%,
01/20/2031
150
123
2.36%,
03/15/2032
300
249
2.50%,
04/08/2031
GBP
100
109
2.65%,
05/06/2030
AUD
200
111
2.65%,
11/20/2040
$
150
107
2.85%,
09/03/2041
1,830
1,339
2.88%,
01/15/2038
EUR
100
98
2.99%,
10/30/2056
$
300
196
3.00%,
11/20/2060
1,315
833
3.40%,
03/22/2041
864
683
3.55%,
03/22/2051
300
226
3.88%,
03/01/2052
577
461
4.00%,
03/22/2050
200
164
4.02%,
12/03/2029
300
288
4.25%,
10/31/2030
EUR
100
114
5.05%,
05/09/2033
(h)
$
988
998
Viasat
Inc
5.63%,
09/15/2025
(i)
4,550
4,396
5.63%,
04/15/2027
(i)
725
681
6.50%,
07/15/2028
(i)
290
224
Vmed
O2
UK
Financing
I
PLC
4.25%,
01/31/2031
(i)
3,450
3,018
Vodafone
Group
PLC
2.20%,
08/25/2026
EUR
200
212
4.25%,
09/17/2050
$
416
342
4.38%,
02/19/2043
660
576
5.13%,
06/04/2081
(j)
2,900
2,189
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.07%
5.63%,
02/10/2053
300
302
5.75%,
02/10/2063
651
660
Vodafone
International
Financing
DAC
3.75%,
12/02/2034
EUR
100
111
$
59,334
Toys,
Games
&
Hobbies
-
0.01%
Hasbro
Inc
3.55%,
11/19/2026
$
200
191
Transportation
-
0.71%
BNSF
Funding
Trust
I
6.61%,
12/15/2055
(j)
4,310
4,273
3
Month
USD
LIBOR
+
2.35%
Burlington
Northern
Santa
Fe
LLC
3.55%,
02/15/2050
100
79
4.15%,
12/15/2048
1,091
944
4.45%,
03/15/2043
1,091
1,014
5.20%,
04/15/2054
150
153
Canadian
National
Railway
Co
3.05%,
02/08/2050
CAD
100
55
3.85%,
08/05/2032
$
100
94
Canadian
Pacific
Railway
Co
1.35%,
12/02/2024
1,800
1,741
2.45%,
12/02/2031
200
184
2.88%,
11/15/2029
100
90
4.30%,
05/15/2043
200
175
4.70%,
05/01/2048
812
734
CSX
Corp
3.35%,
09/15/2049
100
74
3.80%,
11/01/2046
100
83
4.25%,
03/15/2029
100
99
4.50%,
11/15/2052
854
778
Deutsche
Post
AG
0.38%,
05/20/2026
EUR
100
102
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Transportation
(continued)
DSV
Finance
BV
1.38%,
03/16/2030
EUR
100
$
97
East
Japan
Railway
Co
4.11%,
02/22/2043
100
115
FedEx
Corp
0.45%,
08/05/2025
200
207
4.95%,
10/17/2048
$
200
187
5.10%,
01/15/2044
100
97
FedEx
Corp
2020-1
Class
AA
Pass
Through
Trust
1.88%,
08/20/2035
2,628
2,200
Norfolk
Southern
Corp
3.15%,
06/01/2027
200
192
4.15%,
02/28/2048
100
85
4.55%,
06/01/2053
100
90
5.35%,
08/01/2054
100
102
Ryder
System
Inc
5.25%,
06/01/2028
881
896
6.60%,
12/01/2033
892
973
Transnet
SOC
Ltd
8.25%,
02/06/2028
(i)
1,100
1,105
TTX
Co
5.50%,
09/25/2026
(i)
839
851
5.75%,
11/22/2033
(i)
250
267
Union
Pacific
Corp
3.25%,
08/15/2025
200
196
3.25%,
02/05/2050
100
75
3.60%,
09/15/2037
200
177
3.84%,
03/20/2060
100
80
3.85%,
02/14/2072
200
155
United
Parcel
Service
Inc
3.90%,
04/01/2025
200
198
5.30%,
04/01/2050
200
209
XPO
Inc
6.25%,
06/01/2028
(i)
150
150
$
19,376
Trucking
&
Leasing
-
0.20%
GATX
Corp
3.25%,
09/15/2026
(h)
1,286
1,234
4.00%,
06/30/2030
100
94
6.05%,
03/15/2034
943
981
Penske
Truck
Leasing
Co
Lp
/
PTL
Finance
Corp
5.35%,
01/12/2027
(i)
154
155
5.70%,
02/01/2028
(i)
1,216
1,243
5.88%,
11/15/2027
(i)
100
103
6.05%,
08/01/2028
(i)
977
1,014
6.20%,
06/15/2030
(i)
516
542
$
5,366
Water
-
0.12%
Aegea
Finance
Sarl
9.00%,
01/20/2031
(i)
1,475
1,551
American
Water
Capital
Corp
3.45%,
06/01/2029
200
190
4.15%,
06/01/2049
100
86
Anglian
Water
Services
Financing
PLC
2.63%,
06/15/2027
GBP
100
117
Essential
Utilities
Inc
3.35%,
04/15/2050
$
100
72
Northumbrian
Water
Finance
PLC
6.38%,
10/28/2034
GBP
100
134
Severn
Trent
Utilities
Finance
PLC
5.25%,
04/04/2036
100
127
Suez
SACA
5.00%,
11/03/2032
EUR
100
118
Thames
Water
Utilities
Finance
PLC
1.25%,
01/31/2032
100
82
2.38%,
04/22/2040
GBP
150
112
United
Utilities
Water
Finance
PLC
2.63%,
02/12/2031
100
110
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
66
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Water
(continued)
Veolia
Environnement
SA
1.59%,
01/10/2028
EUR
200
$
204
1.63%,
09/17/2030
100
98
Yorkshire
Water
Finance
PLC
1.75%,
11/26/2026
GBP
100
114
2.75%,
04/18/2041
100
85
$
3,200
TOTAL
BONDS
$
1,940,274
SENIOR
FLOATING
RATE
INTERESTS
-
10
.99%
Principal
Amount
(000's)
Value
(000's)
Advertising
-
0.13%
ABG
Intermediate
Holdings
2
LLC
8.96%,
12/21/2028
(p)
$
412
$
413
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Clear
Channel
Outdoor
Holdings
Inc
9.13%,
08/07/2026
(p)
2,734
2,701
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
Dotdash
Meredith
Inc
9.45%,
12/01/2028
(p)
527
518
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
$
3,632
Aerospace
&
Defense
-
0.05%
TransDigm
Inc
8.60%,
08/24/2028
(p)
802
802
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
8.60%,
02/14/2031
(p)
500
501
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
$
1,303
Airlines
-
0
.20%
AAdvantage
Loyalty
IP
Ltd
10.33%,
04/20/2028
(p)
1,271
1,300
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.75%
Air
Canada
9.39%,
08/11/2028
(p)
591
591
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
American
Airlines
Inc
8.60%,
02/15/2028
(p)
375
373
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Mileage
Plus
Holdings
LLC
10.77%,
06/21/2027
(p)
175
180
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
5.25%
SkyMiles
IP
Ltd
9.07%,
10/20/2027
(p)
1,072
1,096
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
United
Airlines
Inc
9.20%,
04/21/2028
(p)
442
442
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
WestJet
Airlines
Ltd
8.44%,
12/11/2026
(p)
1,550
1,547
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.00%
$
5,529
Apparel
-
0.02%
Birkenstock
US
BidCo
Inc
8.89%,
04/28/2028
(p)
452
452
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Automobile
Parts
&
Equipment
-
0.21%
Clarios
Global
LP
8.33%,
05/06/2030
(p)
$
1,332
$
1,332
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Dexko
Global
Inc
9.36%,
10/04/2028
(p)
286
284
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
First
Brands
Group
LLC
10.88%,
03/30/2027
(p)
2,605
2,599
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
5.00%
14.38%,
03/30/2028
(p)
1,475
1,431
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
8.50%
Phinia
Inc
9.46%,
07/03/2028
(p)
175
174
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
$
5,820
Beverages
-
0.09%
Arterra
Wines
Canada
Inc
9.11%,
11/25/2027
(p)
189
179
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
City
Brewing
Co
LLC
9.08%,
04/05/2028
(p)
696
523
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
Naked
Juice
LLC
8.70%,
01/24/2029
(p)
81
77
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.25%
11.45%,
01/24/2030
(p)
135
108
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
6.00%
Pegasus
Bidco
BV
9.63%,
07/12/2029
(p)
325
325
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.25%
Triton
Water
Holdings
Inc
8.86%,
03/31/2028
(p)
1,262
1,241
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
$
2,453
Biotechnology
-
0.01%
Emergent
BioSolutions
Inc
11.43%,
05/15/2025
(p)
286
241
1
Month
USD
LIBOR
+
2.00%
Building
Materials
-
0.09%
ACProducts
Holdings
Inc
9.86%,
05/17/2028
(p)
468
404
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.25%
Chariot
Buyer
LLC
0.00%,
11/03/2028
(p),(q)
285
283
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
8.71%,
10/22/2028
(p)
815
805
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Emerald
Borrower
LP
8.36%,
05/31/2030
(p)
375
375
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
67
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Building
Materials
(continued)
Standard
Industries
Inc/NJ
7.70%,
08/06/2028
(p)
$
580
$
579
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
$
2,446
Chemicals
-
0.57%
Aruba
Investments
Holdings
LLC
13.21%,
10/27/2028
(p)
8,680
8,153
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
7.75%
Ascend
Performance
Materials
Operations
LLC
10.32%,
08/27/2026
(p)
376
362
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
4.75%
ASP
Unifrax
Holdings
Inc
9.25%,
12/12/2025
(p)
365
346
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
Axalta
Coating
Systems
US
Holdings
Inc
7.85%,
12/20/2029
(p)
459
459
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Cpc
Acquisition
Corp
9.36%,
12/29/2027
(p)
353
285
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Derby
Buyer
LLC
9.60%,
10/11/2030
(p)
225
226
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
Discovery
Purchaser
Corp
9.71%,
08/04/2029
(p)
561
554
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.38%
Ecovyst
Catalyst
Technologies
LLC
7.98%,
06/09/2028
(p)
218
217
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Herens
US
Holdco
Corp
9.37%,
07/03/2028
(p)
536
498
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
INEOS
US
Finance
LLC
0.00%,
01/31/2031
(p),(q)
270
268
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
INEOS
US
Petrochem
LLC
9.71%,
03/09/2029
(p)
526
522
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
Nouryon
USA
LLC
9.47%,
04/03/2028
(p)
996
993
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
SCIH
Salt
Holdings
Inc
9.47%,
03/16/2027
(p)
1,717
1,712
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
Tronox
Finance
LLC
8.85%,
08/16/2028
(p)
440
439
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Vibrantz
Technologies
Inc
9.72%,
04/21/2029
(p)
199
190
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.25%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Chemicals
(continued)
WR
Grace
Holdings
LLC
9.36%,
09/22/2028
(p)
$
238
$
238
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
$
15,462
Commercial
Services
-
0.65%
Allied
Universal
Holdco
LLC
9.21%,
05/12/2028
(p)
819
809
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Avis
Budget
Car
Rental
LLC
7.20%,
08/06/2027
(p)
268
266
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.75%
8.46%,
03/16/2029
(p)
230
230
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
AVSC
Holding
Corp
15.00%,
PIK
0.00%,
10/15/2026
(o),(p)
217
222
Belron
Finance
US
LLC
7.66%,
04/18/2029
(p)
234
234
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
7.83%,
10/30/2026
(p)
409
409
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.25%
Creative
Artists
Agency
LLC
8.83%,
11/27/2028
(p)
756
755
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Driven
Brands
Holdings
Inc
8.45%,
12/17/2028
(p)
822
814
12
Month
USD
LIBOR
+
3.00%
Element
Materials
Technology
Group
US
Holdings
Inc
9.20%,
06/22/2029
(p)
204
203
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.25%
9.70%,
07/06/2029
(p)
442
439
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.25%
Evertec
Group
LLC
8.86%,
10/12/2030
(p)
189
189
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Garda
World
Security
Corp
9.62%,
02/01/2029
(p)
147
146
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
9.72%,
10/30/2026
(p)
437
437
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
GTCR
W
Merger
Sub
LLC
0.00%,
09/20/2030
(p),(q)
1,034
1,033
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Hertz
Corp/The
8.72%,
06/30/2028
(p)
1,286
1,271
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
8.72%,
06/30/2028
(p)
247
244
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
KUEHG
Corp
10.35%,
06/12/2030
(p)
3,641
3,640
3
Month
USD
LIBOR
+
5.00%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
68
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Commercial
Services
(continued)
Learning
Care
Group
US
No
2
Inc
10.10%,
08/11/2028
(p)
$
2,903
$
2,901
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.75%
Omnia
Partners
9.57%,
07/25/2030
(p)
450
450
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.25%
Prime
Security
Services
Borrower
LLC
7.83%,
10/13/2030
(p)
550
550
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Sabert
Corp
9.20%,
12/10/2026
(p)
182
183
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Trans
Union
LLC
7.70%,
11/17/2028
(p)
468
468
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Verscend
Holding
Corp
9.45%,
08/27/2025
(p)
766
766
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
VT
Topco
Inc
10.36%,
08/02/2030
(p)
80
80
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
Wand
NewCo
3
Inc
0.00%,
01/30/2031
(p),(q)
415
415
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
WEX
Inc
7.45%,
03/31/2028
(p)
232
231
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
WMB
Holdings
Inc
8.18%,
11/02/2029
(p)
311
311
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
WW
International
Inc
0.00%,
04/13/2028
(p),(q)
94
55
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
$
17,751
Computers
-
0.13%
Amentum
Government
Services
Holdings
LLC
9.34%,
02/15/2029
(p)
416
416
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
Magenta
Buyer
LLC
10.64%,
07/27/2028
(p)
433
281
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
5.00%
McAfee
Corp
9.20%,
03/01/2029
(p)
648
641
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
NCR
Atleos
Corp
10.21%,
04/16/2029
(p)
250
249
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.75%
Peraton
Corp
9.18%,
02/01/2028
(p)
883
881
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Computers
(continued)
Perforce
Software
Inc
9.21%,
07/01/2026
(p)
$
429
$
424
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Vision
Solutions
Inc
9.59%,
04/23/2028
(p)
405
398
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
World
Wide
Technology
Holding
Co
LLC
8.69%,
03/01/2030
(p)
248
248
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
$
3,538
Consumer
Products
-
0.25%
Kronos
Acquisition
Holdings
Inc
9.36%,
12/22/2026
(p)
3,044
3,042
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
9.36%,
12/22/2026
(p)
810
809
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
11.54%,
12/22/2026
(p)
272
272
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.00%
VC
GB
Holdings
I
Corp
12.36%,
06/29/2029
(p)
2,780
2,694
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.75%
$
6,817
Distribution
&
Wholesale
-
0.21%
Core
&
Main
LP
7.97%,
07/27/2028
(p)
766
764
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Fastlane
Parent
Co
Inc
9.86%,
09/04/2028
(p)
299
299
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.50%
Infinite
Bidco
LLC
12.64%,
02/24/2029
(p)
4,850
4,050
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
7.00%
Windsor
Holdings
III
LLC
9.85%,
08/01/2030
(p)
683
683
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.50%
$
5,796
Diversified
Financial
Services
-
0.04%
Avolon
TLB
Borrower
1
US
LLC
7.34%,
06/22/2028
(p)
374
374
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
FleetCor
Technologies
Operating
Co
LLC
7.21%,
04/28/2028
(p)
765
763
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.75%
$
1,137
Electric
-
0.13%
Generation
Bridge
Northeast
LLC
9.61%,
08/07/2029
(p)
294
295
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
PG&E
Corp
7.86%,
06/23/2027
(p)
320
320
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
69
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
Talen
Energy
Supply
LLC
9.87%,
05/17/2030
(p)
$
1,580
$
1,581
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.50%
9.87%,
05/17/2030
(p)
1,287
1,288
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.50%
$
3,484
Electronics
-
0.02%
Coherent
Corp
8.20%,
07/01/2029
(p)
200
198
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Ingram
Micro
Inc
8.61%,
06/30/2028
(p)
295
295
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
$
493
Engineering
&
Construction
-
0.05%
Apple
Bidco
LLC
8.20%,
07/14/2028
(p)
232
230
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
8.83%,
09/22/2028
(p)
232
232
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
Brown
Group
Holding
LLC
8.18%,
06/07/2028
(p)
225
223
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
8.38%,
07/02/2029
(p)
271
270
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Centuri
Group
Inc
7.97%,
08/18/2028
(p)
360
360
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
$
1,315
Entertainment
-
0.56%
AMC
Entertainment
Holdings
Inc
8.33%,
03/20/2026
(p)
772
607
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Bally's
Corp
8.83%,
08/06/2028
(p)
186
174
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.25%
Churchill
Downs
Inc
7.46%,
03/17/2028
(p)
836
833
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
Cinemark
USA
Inc
9.10%,
05/24/2030
(p)
372
371
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Crown
Finance
US
Inc
6.95%,
PIK
7.00%,
07/31/2028
(o),(p)
1,207
1,219
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
8.50%
Delta
2
Lux
Sarl
7.60%,
01/15/2030
(p)
585
584
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Entain
Holdings
Gibraltar
Ltd
8.95%,
10/18/2029
(p)
777
776
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Entertainment
(continued)
Everi
Holdings
Inc
8.03%,
06/30/2028
(p)
$
730
$
730
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Flutter
Financing
BV
7.70%,
11/15/2030
(p)
2,250
2,239
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
8.86%,
09/16/2028
(p)
285
285
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Light
&
Wonder
International
Inc
8.08%,
04/14/2029
(p)
1,171
1,170
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Lions
Gate
Capital
Holdings
LLC
8.45%,
03/24/2025
(p)
228
228
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Merlin
Entertainment
8.86%,
11/12/2026
(p)
203
203
3
Month
USD
LIBOR
+
3.25%
8.86%,
11/12/2026
(p)
29
29
3
Month
USD
LIBOR
+
3.25%
NAI
Entertainment
Holdings
LLC
8.45%,
05/08/2025
(p)
2,717
2,700
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Nascar
Holdings
LLC
7.97%,
10/19/2026
(p)
549
551
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
PCI
Gaming
Authority
7.95%,
05/29/2026
(p)
347
347
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Penn
Entertainment
Inc
8.18%,
05/03/2029
(p)
190
189
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Scientific
Games
Holdings
LP
8.58%,
02/04/2029
(p)
326
323
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
SeaWorld
Parks
&
Entertainment
Inc
7.83%,
08/25/2028
(p)
657
657
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
William
Morris
Endeavor
Entertainment
LLC
8.22%,
05/16/2025
(p)
1,065
1,064
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
$
15,279
Environmental
Control
-
0.11%
Covanta
Holding
Corp
7.85%,
11/30/2028
(p)
20
20
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
7.86%,
11/30/2028
(p)
264
263
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
GFL
Environmental
Inc
7.82%,
05/31/2027
(p)
1,444
1,443
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
70
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Environmental
Control
(continued)
Win
Waste
Innovations
Holdings
Inc
8.22%,
03/24/2028
(p)
$
1,294
$
1,188
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
$
2,914
Food
-
0.09%
8th
Avenue
Food
&
Provisions
Inc
9.20%,
10/01/2025
(p)
574
556
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
10.20%,
10/01/2025
(p)
91
88
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.75%
CHG
PPC
Parent
LLC
8.47%,
12/08/2028
(p)
232
231
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Froneri
US
Inc
7.71%,
01/31/2027
(p)
232
231
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Heritage
Grocers
Group
LLC
12.20%,
08/01/2029
(p)
248
248
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
6.75%
Shearer's
Foods
LLC
0.00%,
09/23/2027
(p),(q)
375
374
1
Month
USD
LIBOR
+
4.00%
US
Foods
Inc
7.47%,
09/14/2026
(p)
185
185
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
7.97%,
11/22/2028
(p)
603
604
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
$
2,517
Forest
Products
&
Paper
-
0.02%
Asplundh
Tree
Expert
LLC
7.21%,
09/06/2027
(p)
529
529
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.75%
Healthcare
-
Products
-
0.22%
Avantor
Funding
Inc
7.68%,
11/08/2027
(p)
95
95
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Bausch
+
Lomb
Corp
8.68%,
05/10/2027
(p)
2,018
1,970
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Curia
Global
Inc
9.23%,
08/28/2026
(p)
287
263
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
ICU
Medical
Inc
8.00%,
12/15/2028
(p)
232
231
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Insulet
Corp
8.72%,
05/04/2028
(p)
587
587
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Medline
Borrower
LP
8.45%,
10/23/2028
(p)
2,157
2,152
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Healthcare
-
Products
(continued)
Viant
Medical
Holdings
Inc
9.97%,
07/02/2025
(p)
$
734
$
728
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
$
6,026
Healthcare
-
Services
-
0.45%
ADMI
Corp
11.08%,
12/23/2027
(p)
300
297
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.75%
AHP
Health
Partners
Inc
8.95%,
08/24/2028
(p)
361
361
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Aveanna
Healthcare
LLC
12.54%,
12/10/2029
(p)
1,720
1,342
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
7.00%
DaVita
Inc
7.20%,
08/12/2026
(p)
180
179
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.75%
Eyecare
Partners
LLC
12.39%,
11/15/2029
(p)
6,544
1,988
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
6.75%
Global
Medical
Response
Inc
9.82%,
03/14/2025
(p)
365
310
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.25%
9.84%,
10/02/2025
(p)
1,208
1,024
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.25%
ICON
Luxembourg
Sarl
7.86%,
07/03/2028
(p)
524
524
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.25%
National
Mentor
Holdings
Inc
9.20%,
03/02/2028
(p)
766
696
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
9.21%,
03/02/2028
(p)
22
20
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
12.70%,
03/02/2029
(p)
725
537
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
7.25%
Phoenix
Guarantor
Inc
8.72%,
03/05/2026
(p)
229
228
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Phoenix
Newco
Inc
8.72%,
11/15/2028
(p)
1,898
1,892
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Select
Medical
Corp
8.33%,
03/06/2027
(p)
1,800
1,797
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Sound
Inpatient
Physicians
Holdings
LLC
12.39%,
06/26/2026
(p)
5,750
293
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
6.75%
Star
Parent
Inc
9.35%,
09/27/2030
(p)
828
808
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
$
12,296
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
71
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Home
Furnishings
-
0.08%
AI
Aqua
Merger
Sub
Inc
9.10%,
07/30/2028
(p)
$
1,140
$
1,133
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
10.50%,
07/31/2028
(p)
41
41
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
MillerKnoll
Inc
7.47%,
07/19/2028
(p)
766
761
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
Weber-Stephen
Products
LLC
8.72%,
10/30/2027
(p)
239
216
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
$
2,151
Insurance
-
0.89%
Acrisure
LLC
9.15%,
02/15/2027
(p)
587
584
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Alliant
Holdings
Intermediate
LLC
8.83%,
11/06/2030
(p)
1,262
1,264
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
AmWINS
Group
Inc
8.22%,
02/21/2028
(p)
99
99
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
AssuredPartners
Inc
8.86%,
02/12/2027
(p)
590
588
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
8.97%,
02/12/2027
(p)
100
99
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Asurion
LLC
8.70%,
12/23/2026
(p)
1,062
1,057
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
8.70%,
07/31/2027
(p)
699
688
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
9.68%,
08/19/2028
(p)
565
558
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
10.70%,
01/20/2029
(p)
4,210
3,985
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.25%
10.70%,
01/20/2029
(p)
1,950
1,846
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.25%
10.70%,
01/20/2029
(p)
291
276
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.25%
10.72%,
01/31/2028
(p)
7,350
7,030
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.25%
BroadStreet
Partners
Inc
8.47%,
01/27/2027
(p)
913
909
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
8.72%,
01/27/2027
(p)
457
455
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
9.11%,
01/26/2029
(p)
500
499
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Insurance
(continued)
HUB
International
Ltd
9.59%,
06/20/2030
(p)
$
991
$
991
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
Ryan
Specialty
LLC
8.11%,
09/01/2027
(p)
819
818
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Sedgwick
Claims
Management
Services
Inc
9.11%,
02/24/2028
(p)
753
753
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
USI
Inc/NY
8.35%,
11/22/2029
(p)
1,319
1,316
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
8.60%,
09/14/2030
(p)
359
358
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
$
24,173
Internet
-
0.49%
Abe
Investment
Holdings
Inc
9.94%,
02/19/2026
(p)
74
74
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.50%
Arches
Buyer
Inc
0.00%,
12/06/2027
(p),(q)
1,470
1,434
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
CNT
Holdings
I
Corp
0.00%,
11/08/2027
(p),(q)
250
249
8.83%,
11/08/2027
(p)
674
673
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Gen
Digital
Inc
7.43%,
09/12/2029
(p)
472
470
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
MH
Sub
I
LLC
11.61%,
02/12/2029
(p)
7,550
7,217
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.25%
Proofpoint
Inc
8.72%,
08/31/2028
(p)
243
241
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Ten-X
LLC
11.20%,
05/26/2028
(p)
3,016
2,898
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.00%
$
13,256
Investment
Companies
-
0.24%
Aragorn
Parent
Corp
9.58%,
06/15/2028
(p)
130
130
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
Nexus
Buyer
LLC
11.71%,
11/05/2029
(p)
6,600
6,489
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.25%
$
6,619
Leisure
Products
&
Services
-
0.20%
Alterra
Mountain
Co
8.97%,
08/17/2028
(p)
587
586
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
72
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Leisure
Products
&
Services
(continued)
Carnival
Corp
8.34%,
08/08/2027
(p)
$
414
$
414
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
8.70%,
10/18/2028
(p)
329
329
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
ClubCorp
Holdings
Inc
10.61%,
09/18/2026
(p)
1,935
1,907
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.00%
Equinox
Holdings
Inc
8.61%,
03/08/2024
(p)
1,224
1,206
3
Month
USD
LIBOR
+
3.00%
Hayward
Industries
Inc
8.20%,
05/28/2028
(p)
407
406
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
SRAM
LLC
8.22%,
05/18/2028
(p)
383
382
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Topgolf
Callaway
Brands
Corp
9.70%,
03/16/2030
(p)
248
247
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
$
5,477
Lodging
-
0.08%
Fertitta
Entertainment
LLC/NV
9.36%,
01/13/2029
(p)
1,728
1,722
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
Hilton
Domestic
Operating
Co
Inc
7.44%,
11/08/2030
(p)
375
375
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.00%
Hilton
Grand
Vacations
Borrower
LLC
8.09%,
01/10/2031
(p)
160
160
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
$
2,257
Machinery
-
Diversified
-
0.79%
Chart
Industries
Inc
8.70%,
03/15/2030
(p)
187
187
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Engineered
Machinery
Holdings
Inc
11.61%,
05/21/2029
(p)
19,333
18,898
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
6.00%
Oregon
Tool
Holdings
Inc
9.61%,
10/13/2028
(p)
100
87
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
TK
Elevator
US
Newco
Inc
9.38%,
07/30/2027
(p)
1,169
1,168
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
3.50%
Victory
Buyer
LLC
9.39%,
11/18/2028
(p)
1,283
1,214
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
$
21,554
Media
-
0.38%
Altice
Financing
SA
10.31%,
10/31/2027
(p)
976
972
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.00%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Media
(continued)
Cengage
Learning
Inc
10.33%,
07/14/2026
(p)
$
1,228
$
1,226
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.75%
Century
DE
Buyer
LLC
9.32%,
09/27/2030
(p)
500
500
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
CSC
Holdings
LLC
9.83%,
01/18/2028
(p)
256
250
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.50%
Diamond
Sports
Group
LLC
0.00%,
08/24/2026
(d),(p)
646
43
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Directv
Financing
LLC
10.65%,
08/02/2027
(p)
435
434
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.00%
Gray
Television
Inc
7.97%,
01/02/2026
(p)
238
237
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
iHeartCommunications
Inc
8.45%,
05/01/2026
(p)
1,532
1,340
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
McGraw-Hill
Education
Inc
10.20%,
07/28/2028
(p)
839
833
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.75%
NEP
Group
Inc
0.00%,
10/20/2025
(p),(q)
629
602
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Nexstar
Media
Inc
7.95%,
09/18/2026
(p)
304
304
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Radiate
Holdco
LLC
8.72%,
09/25/2026
(p)
355
287
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Sunrise
Financing
Partnership
8.45%,
01/31/2029
(p)
465
459
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.93%
Virgin
Media
Bristol
LLC
7.95%,
01/31/2028
(p)
420
412
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
8.70%,
01/31/2029
(p)
150
149
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
8.79%,
03/31/2031
(p)
875
863
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Ziggo
Financing
Partnership
7.95%,
04/28/2028
(p)
1,308
1,277
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
$
10,188
Mining
-
0.17%
Arctic
Canadian
Diamond
Co
Ltd
10.00%,
12/31/2027
(e),(p)
4,510
4,510
1
Month
USD
LIBOR
+
5.00%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
73
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Miscellaneous
Manufacturers
-
0.05%
Gates
Global
LLC
7.96%,
03/31/2027
(p)
$
1,405
$
1,402
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Oil
&
Gas
-
0.04%
Gulf
Finance
LLC
12.24%,
08/25/2026
(p)
1,061
1,060
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.75%
Packaging
&
Containers
-
0.17%
Berlin
Packaging
LLC
9.22%,
03/11/2028
(p)
381
378
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
Berry
Global
Inc
7.20%,
07/01/2026
(p)
143
142
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.75%
Clydesdale
Acquisition
Holdings
Inc
9.63%,
04/13/2029
(p)
1,033
1,025
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Kloeckner
Pentaplast
of
America
Inc
10.48%,
02/12/2026
(p)
390
374
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
4.75%
LABL
Inc
10.43%,
10/27/2028
(p)
692
656
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.00%
Pactiv
Evergreen
Group
Holdings
Inc
8.72%,
02/05/2026
(p)
365
365
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
8.72%,
09/22/2028
(p)
459
459
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Proampac
PG
Borrower
LLC
9.82%,
09/15/2028
(p)
616
616
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.50%
TricorBraun
Holdings
Inc
8.72%,
03/03/2028
(p)
706
692
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
$
4,707
Pharmaceuticals
-
0.25%
Amneal
Pharmaceuticals
LLC
11.60%,
05/04/2028
(p)
230
228
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.50%
Gainwell
Acquisition
Corp
9.45%,
10/01/2027
(p)
270
262
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
Jazz
Financing
Lux
Sarl
8.45%,
05/05/2028
(p)
2,588
2,586
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Organon
&
Co
8.45%,
06/02/2028
(p)
1,682
1,679
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.00%
Packaging
Coordinators
Midco
Inc
9.11%,
11/30/2027
(p)
1,273
1,268
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pharmaceuticals
(continued)
Pathway
Vet
Alliance
LLC
9.22%,
03/31/2027
(p)
$
474
$
407
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Perrigo
Investments
LLC
7.71%,
04/20/2029
(p)
261
260
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
PRA
Health
Sciences
Inc
7.86%,
07/03/2028
(p)
131
131
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.25%
$
6,821
Pipelines
-
0.11%
Buckeye
Partners
LP
7.68%,
11/01/2026
(p)
268
267
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Freeport
LNG
Investments
LLLP
8.58%,
11/17/2026
(p)
982
969
3
Month
USD
LIBOR
+
3.00%
9.08%,
12/21/2028
(p)
660
652
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
Oryx
Midstream
Services
Permian
Basin
LLC
8.71%,
10/05/2028
(p)
203
203
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
TransMontaigne
Operating
Co
LP
8.97%,
11/17/2028
(p)
410
405
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Traverse
Midstream
Partners
LLC
9.24%,
02/16/2028
(p)
509
509
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
$
3,005
Real
Estate
-
0.04%
Cushman
&
Wakefield
US
Borrower
LLC
8.19%,
08/21/2025
(p)
19
19
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
8.71%,
01/31/2030
(p)
247
244
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
9.36%,
01/31/2030
(p)
375
372
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
Forest
City
Enterprises
LP
8.97%,
12/07/2025
(p)
307
296
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
$
931
Retail
-
0.18%
1011778
BC
ULC
7.61%,
09/20/2030
(p)
571
568
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
IRB
Holding
Corp
8.21%,
12/15/2027
(p)
1,136
1,133
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Jo-Ann
Stores
LLC
10.34%,
07/07/2028
(p)
962
55
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.75%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
74
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Retail
(continued)
LS
Group
OpCo
Acquistion
LLC
8.71%,
11/02/2027
(p)
$
200
$
199
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
PetSmart
LLC
9.21%,
02/11/2028
(p)
1,606
1,597
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
RH
7.97%,
10/20/2028
(p)
265
254
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
SRS
Distribution
Inc
8.72%,
06/04/2028
(p)
717
712
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
Staples
Inc
10.47%,
04/09/2026
(p)
481
454
3
Month
USD
LIBOR
+
5.00%
$
4,972
Semiconductors
-
0.15%
Altar
Bidco
Inc
10.81%,
02/01/2030
(p)
3,570
3,539
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
5.60%
Bright
Bidco
BV
6.32%,
PIK
8.00%,
10/31/2027
(o),(p)
815
234
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
8.00%
Synaptics
Inc
7.87%,
10/20/2028
(p)
231
229
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
Ultra
Clean
Holdings
Inc
9.22%,
08/27/2025
(p)
188
189
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
$
4,191
Software
-
1.83%
Applied
Systems
Inc
12.10%,
09/19/2027
(p)
2,679
2,684
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
6.75%
AthenaHealth
Group
Inc
8.61%,
02/15/2029
(p)
1,594
1,570
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Avaya
Inc
6.84%,
PIK
7.00%,
07/31/2028
(o),(p)
1,779
1,557
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
7.50%
Boxer
Parent
Co
Inc
9.61%,
12/02/2028
(p)
1,351
1,352
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
Camelot
Finance
SA
8.47%,
10/30/2026
(p)
757
755
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Camelot
US
Acquisition
LLC
8.47%,
10/30/2026
(p)
323
322
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
CCC
Intelligent
Solutions
Inc
7.70%,
09/21/2028
(p)
136
136
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Software
(continued)
Cloudera
Inc
11.29%,
10/08/2029
(p)
$
1,660
$
1,603
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.00%
Dayforce
Inc
7.95%,
04/04/2025
(p)
782
782
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
DTI
Holdco
Inc
10.13%,
04/26/2029
(p)
553
549
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.75%
Dun
&
Bradstreet
Corp/The
8.21%,
02/06/2026
(p)
741
741
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Epicor
Software
Corp
9.11%,
07/30/2027
(p)
250
251
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
9.47%,
07/30/2027
(p)
1,686
1,686
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Genesys
Cloud
Services
Holdings
II
LLC
9.45%,
12/01/2027
(p)
1,695
1,696
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
IGT
Holding
IV
AB
8.97%,
03/31/2028
(p)
408
407
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.40%
Informatica
LLC
8.22%,
10/27/2028
(p)
1,000
997
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Instructure
Holdings
Inc
0.00%,
10/30/2028
(p),(q)
279
279
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Isolved
Inc
9.48%,
10/05/2030
(p)
444
445
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
Ivanti
Software
Inc
9.59%,
12/01/2027
(p)
46
43
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
9.84%,
12/01/2027
(p)
493
469
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.25%
Loyalty
Ventures
Inc
0.00%,
11/03/2027
(d),(p)
1,608
14
1
Month
USD
LIBOR
+
4.50%
Marcel
Bidco
LLC
9.82%,
10/26/2030
(p)
285
286
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.50%
Mitchell
International
Inc
9.40%,
10/15/2028
(p)
275
273
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
9.40%,
10/15/2028
(p)
692
687
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
12.15%,
10/15/2029
(p)
3,060
3,046
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.50%
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
75
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Software
(continued)
Open
Text
Corp
8.21%,
01/31/2030
(p)
$
2,022
$
2,021
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Quartz
AcquireCo
LLC
8.86%,
06/28/2030
(p)
399
398
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Rackspace
Technology
Global
Inc
8.21%,
02/15/2028
(p)
1,778
758
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
Riverbed
Technology
9.85%,
PIK
0.00%,
07/01/2028
(o),(p)
523
355
3
Month
USD
LIBOR
+
4.50%
Rocket
Software
Inc
10.11%,
11/28/2028
(p)
578
570
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.75%
Skopima
Consilio
Parent
LLC
12.97%,
05/14/2029
(p)
4,760
4,546
1
Month
USD
LIBOR
+
7.50%
Sophia
LP
8.93%,
10/07/2027
(p)
765
763
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
UKG
Inc
8.68%,
05/04/2026
(p)
2,268
2,268
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.25%
8.68%,
05/04/2026
(p)
1,723
1,723
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.25%
9.16%,
05/04/2026
(p)
587
587
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
10.68%,
05/03/2027
(p)
5,780
5,775
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
5.25%
10.68%,
05/03/2027
(p)
5,050
5,046
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
5.25%
West
Technology
Group
LLC
9.63%,
04/09/2027
(p)
968
924
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
Zelis
Payments
Buyer
Inc
8.07%,
09/28/2029
(p)
1,250
1,248
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
$
49,612
Telecommunications
-
0.40%
Altice
France
SA/France
9.26%,
01/31/2026
(p)
245
239
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.69%
9.64%,
08/14/2026
(p)
1,167
1,134
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
Cincinnati
Bell
Inc
8.71%,
11/23/2028
(p)
498
492
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
CommScope
Inc
8.70%,
04/06/2026
(p)
998
870
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Telecommunications
(continued)
Cyxtera
DC
Holdings
Inc
0.00%,
05/01/2024
(d),(p)
$
454
$
288
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
Delta
Topco
Inc
9.12%,
12/01/2027
(p)
982
977
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
3.75%
EOS
US
Finco
LLC
11.10%,
10/06/2029
(p)
293
265
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
6.00%
Frontier
Communications
Holdings
LLC
9.22%,
10/08/2027
(p)
2,311
2,279
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Gogo
Intermediate
Holdings
LLC
9.22%,
04/28/2028
(p)
299
298
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
Level
3
Financing
Inc
7.20%,
03/01/2027
(p)
1,476
1,413
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.75%
Lumen
Technologies
Inc
8.47%,
03/15/2027
(p)
258
182
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.25%
MLN
US
Holdco
LLC
9.97%,
11/30/2025
(p)
824
79
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.50%
12.11%,
10/18/2027
(p)
537
81
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
6.80%
Syniverse
Holdings
LLC/DE
12.35%,
05/13/2027
(p)
1,097
1,017
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
7.00%
Viasat
Inc
9.83%,
03/04/2029
(p)
5
5
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.50%
Xplornet
Communications
Inc
12.61%,
10/01/2029
(p)
5,510
1,179
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
7.00%
$
10,798
Transportation
-
0.15%
ASP
LS
Acquisition
Corp
13.40%,
04/30/2029
(p)
4,990
4,075
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
7.50%
TOTAL
SENIOR
FLOATING
RATE
INTERESTS
$
298,989
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
-
8.06%
Principal
Amount
(000's)
Value
(000's)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
-
5.11%
2.00%,
05/01/2036
$
3,257
$
2,944
2.00%,
07/01/2041
1,580
1,349
2.00%,
02/01/2051
5,321
4,311
2.00%,
03/01/2051
5,078
4,102
2.00%,
07/01/2051
5,966
4,829
2.00%,
09/01/2051
6,416
5,187
2.00%,
11/01/2051
5,144
4,209
2.00%,
12/01/2051
2,559
2,085
2.00%,
02/01/2052
3,383
2,794
2.00%,
03/01/2052
1,987
1,617
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
76
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
(continued)
2.50%,
02/01/2037
$
1,403
$
1,294
2.50%,
07/01/2037
1,862
1,720
2.50%,
07/01/2051
886
748
2.50%,
09/01/2051
4,818
4,063
2.50%,
11/01/2051
564
481
2.50%,
12/01/2051
4,450
3,767
2.50%,
12/01/2051
4,912
4,188
2.50%,
12/01/2051
3,544
3,011
2.50%,
01/01/2052
2,221
1,893
2.50%,
01/01/2052
3,633
3,075
2.50%,
03/01/2052
1,099
935
3.00%,
07/01/2037
989
933
3.00%,
08/01/2042
1,236
1,119
3.00%,
02/01/2052
3,262
2,874
3.00%,
03/01/2052
4,477
3,921
3.00%,
03/01/2052
5,231
4,644
3.00%,
05/01/2052
4,548
4,006
3.50%,
05/01/2052
2,950
2,713
3.50%,
05/01/2052
4,473
4,111
3.50%,
06/01/2052
4,974
4,529
4.00%,
07/01/2052
1,072
1,018
4.00%,
08/01/2052
3,454
3,265
4.00%,
10/01/2052
1,352
1,278
4.00%,
03/01/2053
4,051
3,829
4.50%,
09/01/2052
2,033
1,978
4.50%,
10/01/2052
2,281
2,235
4.50%,
02/01/2053
2,582
2,507
5.00%,
06/01/2053
2,301
2,287
5.00%,
06/01/2053
4,456
4,421
5.50%,
02/01/2053
3,344
3,389
5.50%,
07/01/2053
1,470
1,492
5.50%,
11/01/2053
1,983
2,008
5.50%,
11/01/2053
1,733
1,747
6.00%,
02/01/2054
(r)
10,250
10,390
6.50%,
02/01/2054
(r)
6,500
6,654
7.00%,
02/01/2054
(r)
3,000
3,094
$
139,044
Government
National
Mortgage
Association
(GNMA)
-
1.92%
2.00%,
01/20/2051
2,956
2,464
2.00%,
07/20/2051
2,920
2,434
2.50%,
04/20/2051
3,465
2,999
2.50%,
09/20/2051
2,362
2,043
3.00%,
07/20/2051
3,374
3,017
3.00%,
09/20/2051
4,042
3,613
3.50%,
09/20/2047
2,023
1,888
3.50%,
03/20/2048
2,176
2,027
3.50%,
08/20/2048
1,414
1,318
4.00%,
03/20/2049
3,270
3,138
4.00%,
03/20/2050
682
654
4.50%,
05/20/2048
2,604
2,569
5.00%,
12/20/2052
472
469
5.00%,
01/20/2053
2,981
2,963
5.00%,
02/20/2053
1,197
1,190
5.50%,
03/20/2053
1,197
1,205
5.50%,
02/20/2054
(r)
2,900
2,919
6.00%,
02/20/2054
(r)
5,125
5,203
6.50%,
02/20/2054
(r)
6,000
6,133
7.00%,
02/20/2054
(r)
3,750
3,853
$
52,099
U.S.
Treasury
-
0.54%
1.88%,
11/15/2051
2,164
1,322
2.25%,
02/15/2052
1,358
912
2.75%,
11/15/2042
1,042
831
2.88%,
05/15/2052
5,024
3,881
3.25%,
05/15/2042
2,072
1,794
3.38%,
05/15/2033
1,445
1,381
3.63%,
02/15/2053
2,276
2,043
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
U.S.
Treasury
(continued)
3.88%,
05/15/2043
$
578
$
544
4.13%,
08/15/2053
1,466
1,442
4.75%,
11/15/2043
528
559
$
14,709
U.S.
Treasury
Bill
-
0.49%
5.28%,
02/01/2024
(s)
250
250
5.35%,
04/18/2024
(s)
13,090
12,944
$
13,194
TOTAL
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
$
219,046
Total
Investments
$
2,777,627
Other
Assets
and
Liabilities
- (2.14)%
(58,105)
TOTAL
NET
ASSETS
-
100.00%
$
2,719,522
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$41,190
or
1.51%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
The
value
of
these
investments
was
determined
using
significant
unobservable
inputs,
in
good
faith
by
the
Manager,
under
procedures
established
and
periodically
reviewed
by
the
Board
of
Directors.
(f)
Restricted
Security.
Please
see
Restricted
Securities
sub-schedule
for
additional
information.
(g)
Perpetual
security.
Perpetual
securities
pay
an
indefinite
stream
of
interest,
but
they
may
be
called
by
the
issuer
at
an
earlier
date.
Date
shown,
if
any,
reflects
the
next
call
date
or
final
legal
maturity
date.
Rate
shown
is
as
of
period
end.
(h)
Security
or
a
portion
of
the
security
was
on
loan. At
the
end
of
the
period,
the
value
of
these
securities
totaled
$39,413
or
1.45%
of
net
assets.
(i)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$722,416
or
26.56%
of
net
assets.
(j)
Rate
shown
is
as
of
period
end.
The
rate
may
be
a
variable
or
floating
rate
or
a
fixed
rate
which
may
convert
to
a
variable
or
floating
rate
in
the
future.
(k)
Security
is
a
contingent
convertible
security,
("CoCo").
CoCo's
are
hybrid
debt
securities
that
may
convert
to
equity
or
have
their
principal
written
down
upon
occurrence
of
certain
"triggers".
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$53,353
or
1.96%
of
net
assets.
(l)
Security
is
an
Interest
Only
Strip.
(m)
Certain
variable
rate
securities
are
not
based
on
a
published
reference
rate
and
spread
but
are
determined
by
the
issuer
or
agent
and
are
based
on
current
market
conditions. These
securities
do
not
indicate
a
reference
rate
and
spread
in
their
description.
Rate
shown
is
the
rate
in
effect
as
of
period
end.
(n)
Security
purchased
on
a
when-issued
basis.
(o)
Payment
in
kind;
the
issuer
has
the
option
of
paying
additional
securities
in
lieu
of
cash.
(p)
Rate
information
disclosed
is
based
on
an
average
weighted
rate
of
the
underlying
tranches
as
of
period
end.
(q)
This
Senior
Floating
Rate
Note
will
settle
after
January
31,
2024,
at
which
time
the
interest
rate
will
be
determined.
(r)
Security
was
purchased
in
a
"to-be-announced"
("TBA")
transaction.
(s)
Rate
shown
is
the
discount
rate
of
the
original
purchase.
Schedule
of
Investments
Diversified
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
77
Portfolio
Summary
Sector
Percent
Financial
25.33%
Consumer,
Non-cyclical
10.29%
Mortgage
Securities
9.28%
Industrial
7.79%
Consumer,
Cyclical
7.75%
Communications
6.96%
Basic
Materials
6.92%
Energy
5.14%
Technology
4.83%
Government
4.60%
Money
Market
Funds
4.20%
Utilities
4.06%
Closed-End
Funds
2.14%
Exchange-Traded
Funds
1.86%
Asset
Backed
Securities
0.99%
Other
Assets
and
Liabilities
(2.14)%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
85,777
$
542,513
$
523,704
$
104,586
$
85,777
$
542,513
$
523,704
$
104,586
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
841
$
—
$
—
$
—
$
841
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Restricted
Securities
Security
Name
Acquisition
Date
Cost
Value
Percent
of
Net
Assets
Arctic
Canadian
Diamond
Co
Ltd
02/03/2021
$
—
$
1,845
0.07%
Avaya
Holdings
Corp
05/19/2023
179
76
0.00%
Crown
Finance
US
Inc
-
4A2
Shares
08/30/2023
1,242
861
0.03%
High
Ridge
Brands
-
Escrow
0.00%,
03/15/2025
12/29/2020
14,671
—
0.00%
Material
Sciences
Corp
13.07%,
PIK
13.07%,
07/09/2026
12/22/2016-01/03/2024
21,193
20,815
0.77%
Specialty
Steel
15.42%,
11/15/2026
06/04/2021
41,564
41,564
1.53%
SportsNet
New
York
10.25%,
01/15/2025
12/27/2017
19,789
19,789
0.73%
Total
$
84,950
3.13%
Amounts
in
thousands.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
US
10
Year
Note;
March
2024
Long
46
$
5,167
$
115
US
5
Year
Note;
March
2024
Short
43
4,661
(84)
US
Long
Bond;
March
2024
Long
12
1,468
74
Total
$
105
Amounts
in
thousands
except
contracts.
Foreign
Currency
Contracts
Unrealized
Appreciation/(Depreciation)
Counterparty
Settlement
Date
Currency
to
Accept
Currency
to
Deliver
Asset
Liability
Bank
of
New
York
Mellon
03/18/2024
$
2,803
EUR
2,540
$
53
$
—
Citigroup
Inc
02/16/2024
$
54
EUR
50
—
—
Citigroup
Inc
02/28/2024
$
3,304
ZAR
63,300
—
(70)
HSBC
Securities
Inc
02/16/2024
EUR
25
$
27
—
—
HSBC
Securities
Inc
02/16/2024
$
164
EUR
150
1
—
JPMorgan
Chase
02/16/2024
$
21,429
EUR
19,700
127
—
Total
$
181
$
(70)
Amounts
in
thousands.
Schedule
of
Investments
Diversified
International
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
78
INVESTMENT
COMPANIES
-
1
.01
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
1
.01
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
5.21%
(a),(b)
6,592,060
$
6,592
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(a),(b),(c)
43,917,366
43,917
$
50,509
TOTAL
INVESTMENT
COMPANIES
$
50,509
COMMON
STOCKS
-
99
.41
%
Shares
Held
Value
(000's)
Aerospace
&
Defense
-
2
.74
%
Airbus
SE
257,415
$
41,002
BAE
Systems
PLC
5,371,325
80,014
Thales
SA
106,785
15,618
$
136,634
Apparel
-
2
.59
%
Hermes
International
SCA
14,137
29,824
LVMH
Moet
Hennessy
Louis
Vuitton
SE
87,077
72,453
PRADA
SpA
973,600
6,037
Samsonite
International
SA
(d),(e)
7,485,900
20,899
$
129,213
Automobile
Manufacturers
-
2
.31
%
Ferrari
NV
79,623
27,767
Toyota
Motor
Corp
4,400,200
87,863
$
115,630
Automobile
Parts
&
Equipment
-
1
.78
%
Bridgestone
Corp
573,500
24,851
Toyota
Industries
Corp
757,300
64,052
$
88,903
Banks
-
11
.58
%
AIB
Group
PLC
7,657,717
33,636
Banco
do
Brasil
SA
2,533,400
28,911
Bank
Negara
Indonesia
Persero
Tbk
PT
70,653,600
25,705
Bank
of
Ireland
Group
PLC
2,690,612
24,743
Bank
Rakyat
Indonesia
Persero
Tbk
PT
141,645,594
51,026
Credicorp
Ltd
97,817
14,519
DBS
Group
Holdings
Ltd
1,802,900
42,702
FinecoBank
Banca
Fineco
SpA
856,016
12,342
Grupo
Financiero
Banorte
SAB
de
CV
3,095,730
31,478
ICICI
Bank
Ltd
ADR
2,550,374
62,229
Kotak
Mahindra
Bank
Ltd
1,114,696
24,499
National
Bank
of
Greece
SA
(d)
5,536,694
42,096
NatWest
Group
PLC
8,823,515
24,901
Nordea
Bank
Abp
3,204,512
39,492
PT
Bank
Central
Asia
Tbk
30,679,670
18,562
Societe
Generale
SA
1,518,496
39,033
Swedbank
AB
874,461
17,820
UniCredit
SpA
1,534,278
44,942
$
578,636
Beverages
-
1
.52
%
Arca
Continental
SAB
de
CV
1,271,700
14,458
Kweichow
Moutai
Co
Ltd
118,767
26,547
Varun
Beverages
Ltd
2,251,362
34,730
$
75,735
Biotechnology
-
0
.54
%
Argenx
SE
(d)
39,255
14,824
Genmab
A/S
(d)
43,613
12,060
$
26,884
Building
Materials
-
2
.56
%
Beijing
Oriental
Yuhong
Waterproof
Technology
Co
Ltd
4,488,775
10,089
Cemex
SAB
de
CV
ADR
(d)
5,614,228
46,486
CRH
PLC
1,007,089
71,444
$
128,019
Chemicals
-
0
.70
%
Shin-Etsu
Chemical
Co
Ltd
885,645
34,861
Coal
-
0
.60
%
Teck
Resources
Ltd
752,000
30,098
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Commercial
Services
-
1
.52
%
Localiza
Rent
a
Car
SA
2,137,537
$
23,475
Localiza
Rent
a
Car
SA
-
Rights
(d)
8,431
17
Secom
Co
Ltd
420,900
30,549
TOPPAN
Holdings
Inc
802,500
22,120
$
76,161
Cosmetics
&
Personal
Care
-
2
.95
%
L'Oreal
SA
139,593
66,802
Unilever
PLC
1,654,039
80,486
$
147,288
Distribution
&
Wholesale
-
1
.47
%
ITOCHU
Corp
1,011,900
45,924
Rexel
SA
1,023,323
27,255
$
73,179
Diversified
Financial
Services
-
0
.88
%
Brookfield
Asset
Management
Ltd
377,858
15,193
London
Stock
Exchange
Group
PLC
254,309
28,766
$
43,959
Electric
-
1
.38
%
Iberdrola
SA
3,964,307
47,734
SSE
PLC
999,043
21,277
$
69,011
Electrical
Components
&
Equipment
-
0
.92
%
Schneider
Electric
SE
233,968
45,963
Electronics
-
1
.33
%
E
Ink
Holdings
Inc
2,187,000
14,504
Halma
PLC
476,906
13,200
Hoya
Corp
304,060
38,624
$
66,328
Engineering
&
Construction
-
1
.13
%
Kajima
Corp
900,200
16,066
Vinci
SA
320,009
40,424
$
56,490
Entertainment
-
0
.14
%
Entain
PLC
576,722
7,025
Food
-
0
.89
%
Ajinomoto
Co
Inc
456,000
18,726
Danone
SA
386,623
25,758
$
44,484
Food
Service
-
0
.54
%
Compass
Group
PLC
979,948
26,991
Healthcare
-
Products
-
0
.73
%
Alcon
Inc
285,601
21,499
Smith
&
Nephew
PLC
1,065,158
14,896
$
36,395
Healthcare
-
Services
-
0
.60
%
ICON
PLC
(d)
115,802
30,209
Home
Builders
-
1
.26
%
Sumitomo
Forestry
Co
Ltd
461,600
13,569
Taylor
Wimpey
PLC
26,503,071
49,481
$
63,050
Insurance
-
7
.18
%
AIA
Group
Ltd
9,877,800
77,466
ASR
Nederland
NV
204,727
9,648
AXA
SA
1,109,922
37,255
Fairfax
Financial
Holdings
Ltd
51,258
53,432
Hannover
Rueck
SE
137,578
32,979
MS&AD
Insurance
Group
Holdings
Inc
1,502,700
62,054
Muenchener
Rueckversicherungs-Gesellschaft
AG
in
Muenchen
119,170
50,733
Sompo
Holdings
Inc
406,600
21,083
Tryg
A/S
651,797
13,931
$
358,581
Internet
-
2
.34
%
Alibaba
Group
Holding
Ltd
4,081,100
36,603
JD.com
Inc
539,450
6,083
MercadoLibre
Inc
(d)
13,298
22,764
Schedule
of
Investments
Diversified
International
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
79
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Internet
(continued)
Tencent
Holdings
Ltd
1,476,500
$
51,251
$
116,701
Investment
Companies
-
0
.42
%
EXOR
NV
217,276
21,022
Machinery
-
Construction
&
Mining
-
1
.47
%
Mitsubishi
Electric
Corp
2,944,500
43,697
Weir
Group
PLC/The
1,286,080
29,562
$
73,259
Machinery
-
Diversified
-
2
.80
%
Atlas
Copco
AB
-
A
Shares
4,065,540
64,884
Keyence
Corp
106,100
47,469
NARI
Technology
Co
Ltd
4,160,436
12,152
THK
Co
Ltd
785,800
15,108
$
139,613
Media
-
0
.50
%
Liberty
Media
Corp-Liberty
Formula
One
-
C
Shares
(d)
374,640
25,195
Metal
Fabrication
&
Hardware
-
0
.49
%
APL
Apollo
Tubes
Ltd
1,353,203
24,525
Mining
-
1
.30
%
BHP
Group
Ltd
1,512,946
46,287
Sandfire
Resources
Ltd
(d)
4,015,410
18,871
$
65,158
Oil
&
Gas
-
4
.49
%
Canadian
Natural
Resources
Ltd
760,700
48,682
Noble
Corp
PLC
784,109
34,603
Shell
PLC
2,350,259
72,864
Suncor
Energy
Inc
1,157,100
38,316
Tourmaline
Oil
Corp
(f)
686,500
29,682
$
224,147
Oil
&
Gas
Services
-
0
.66
%
Schlumberger
NV
672,010
32,727
Pharmaceuticals
-
7
.99
%
AstraZeneca
PLC
754,570
100,039
Novo
Nordisk
A/S
1,298,045
148,372
Roche
Holding
AG
192,064
54,684
Sanofi
SA
958,842
96,023
$
399,118
Private
Equity
-
3
.83
%
3i
Group
PLC
3,817,807
119,516
Brookfield
Corp
1,382,331
54,863
Intermediate
Capital
Group
PLC
759,714
17,128
$
191,507
Retail
-
6
.04
%
ABC-Mart
Inc
480,600
8,329
Alimentation
Couche-Tard
Inc
1,416,792
83,019
Dollarama
Inc
630,800
46,295
Industria
de
Diseno
Textil
SA
587,349
25,113
JD
Sports
Fashion
PLC
17,309,805
25,579
MatsukiyoCocokara
&
Co
1,114,800
20,263
Shimamura
Co
Ltd
87,500
9,600
Wal-Mart
de
Mexico
SAB
de
CV
12,304,190
50,821
Yum
China
Holdings
Inc
939,150
32,485
$
301,504
Semiconductors
-
10
.83
%
ASM
International
NV
36,004
19,955
ASML
Holding
NV
149,468
129,676
Renesas
Electronics
Corp
2,188,400
35,906
Samsung
Electronics
Co
Ltd
2,481,371
134,830
Sanken
Electric
Co
Ltd
112,700
5,178
SK
Hynix
Inc
414,877
41,546
Socionext
Inc
1,245,500
28,545
Taiwan
Semiconductor
Manufacturing
Co
Ltd
7,265,544
145,445
$
541,081
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Software
-
0
.84
%
Dassault
Systemes
SE
499,665
$
25,902
Nemetschek
SE
175,956
16,236
$
42,138
Telecommunications
-
1
.95
%
Deutsche
Telekom
AG
1,863,949
45,756
Nippon
Telegraph
&
Telephone
Corp
41,276,400
51,833
$
97,589
Toys,
Games
&
Hobbies
-
1
.81
%
Nintendo
Co
Ltd
1,620,800
90,556
Transportation
-
1
.81
%
Canadian
National
Railway
Co
352,047
43,672
Canadian
Pacific
Kansas
City
Ltd
473,100
38,071
Keisei
Electric
Railway
Co
Ltd
187,500
8,484
$
90,227
TOTAL
COMMON
STOCKS
$
4,965,794
Total
Investments
$
5,016,303
Other
Assets
and
Liabilities
- (0.42)%
(
20,743
)
TOTAL
NET
ASSETS
-
100.00%
$
4,995,560
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$27,252
or
0.55%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$20,899
or
0.42%
of
net
assets.
(f)
Security
or
a
portion
of
the
security
was
on
loan. At
the
end
of
the
period,
the
value
of
these
securities
totaled
$25,942
or
0.52%
of
net
assets.
Portfolio
Summary
Location
Percent
Japan
16
.91
%
United
Kingdom
14
.25
%
France
11
.30
%
Canada
9
.64
%
Netherlands
3
.91
%
Korea,
Republic
Of
3
.53
%
China
3
.51
%
Denmark
3
.49
%
United
States
3
.28
%
Taiwan
3
.20
%
Ireland
3
.20
%
India
2
.93
%
Germany
2
.91
%
Mexico
2
.87
%
Indonesia
1
.90
%
Italy
1
.82
%
Sweden
1
.66
%
Hong
Kong
1
.55
%
Switzerland
1
.53
%
Spain
1
.45
%
Australia
1
.30
%
Brazil
1
.05
%
Singapore
0
.85
%
Greece
0
.84
%
Finland
0
.79
%
Uruguay
0
.46
%
Peru
0
.29
%
Other
Assets
and
Liabilities
(
0
.42
)
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
Diversified
International
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
80
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
61,242
$
303,357
$
320,682
$
43,917
$
61,242
$
303,357
$
320,682
$
43,917
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
695
$
—
$
—
$
—
$
695
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
Equity
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
81
INVESTMENT
COMPANIES
-
1
.52
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
1
.52
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
5.21%
(a),(b)
3
$
—
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(a),(c)
131,020,978
131,021
$
131,021
TOTAL
INVESTMENT
COMPANIES
$
131,021
COMMON
STOCKS
-
98
.27
%
Shares
Held
Value
(000's)
Advertising
-
1
.47
%
Omnicom
Group
Inc
1,409,202
$
127,364
Apparel
-
0
.52
%
NIKE
Inc
444,447
45,125
Automobile
Manufacturers
-
4
.01
%
Cummins
Inc
639,311
152,987
PACCAR
Inc
1,932,926
194,046
$
347,033
Automobile
Parts
&
Equipment
-
1
.99
%
Magna
International
Inc
3,032,095
172,375
Banks
-
10
.69
%
Bank
of
America
Corp
5,361,650
182,350
JPMorgan
Chase
&
Co
1,711,814
298,472
Morgan
Stanley
2,759,208
240,713
PNC
Financial
Services
Group
Inc/The
1,340,905
202,758
$
924,293
Beverages
-
1
.77
%
Coca-Cola
Co/The
2,580,100
153,490
Biotechnology
-
1
.42
%
Corteva
Inc
2,709,528
123,229
Building
Materials
-
3
.13
%
Carrier
Global
Corp
1,499,317
82,027
Trane
Technologies
PLC
747,652
188,446
$
270,473
Chemicals
-
2
.16
%
Air
Products
and
Chemicals
Inc
536,295
137,136
PPG
Industries
Inc
354,994
50,068
$
187,204
Computers
-
1
.85
%
Apple
Inc
868,353
160,124
Cosmetics
&
Personal
Care
-
1
.78
%
Procter
&
Gamble
Co/The
977,341
153,579
Diversified
Financial
Services
-
3
.80
%
BlackRock
Inc
300,275
232,506
Discover
Financial
Services
911,860
96,219
$
328,725
Electric
-
4
.74
%
NextEra
Energy
Inc
2,230,265
130,760
Sempra
1,012,031
72,421
WEC
Energy
Group
Inc
1,291,854
104,330
Xcel
Energy
Inc
1,709,586
102,353
$
409,864
Electronics
-
0
.73
%
TE
Connectivity
Ltd
444,960
63,269
Food
-
1
.15
%
Hershey
Co/The
68,237
13,206
Hormel
Foods
Corp
2,854,784
86,700
$
99,906
Healthcare
-
Products
-
4
.80
%
Abbott
Laboratories
1,619,647
183,263
Medtronic
PLC
1,166,268
102,095
STERIS
PLC
591,120
129,426
$
414,784
Healthcare
-
Services
-
1
.01
%
UnitedHealth
Group
Inc
171,353
87,688
Home
Builders
-
0
.92
%
DR
Horton
Inc
557,589
79,685
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Insurance
-
4
.14
%
Chubb
Ltd
834,374
$
204,422
Fidelity
National
Financial
Inc
3,073,862
153,785
$
358,207
Iron
&
Steel
-
0
.20
%
Reliance
Steel
&
Aluminum
Co
62,045
17,709
Machinery
-
Diversified
-
2
.26
%
Deere
&
Co
496,631
195,464
Media
-
1
.50
%
Comcast
Corp
-
Class
A
2,795,171
130,087
Miscellaneous
Manufacturers
-
2
.75
%
Parker-Hannifin
Corp
511,289
237,494
Oil
&
Gas
-
5
.53
%
Chevron
Corp
583,626
86,044
EOG
Resources
Inc
1,381,029
157,147
Marathon
Petroleum
Corp
1,417,871
234,800
$
477,991
Oil
&
Gas
Services
-
0
.50
%
Halliburton
Co
1,211,792
43,200
Pharmaceuticals
-
9
.60
%
Becton
Dickinson
&
Co
778,413
185,893
Eli
Lilly
&
Co
28,738
18,554
Merck
&
Co
Inc
1,783,144
215,368
Novartis
AG
ADR
1,819,706
188,285
Pfizer
Inc
2,665,510
72,182
Roche
Holding
AG
ADR
4,282,333
150,481
$
830,763
Pipelines
-
1
.91
%
Enterprise
Products
Partners
LP
6,158,400
164,799
Private
Equity
-
3
.12
%
KKR
&
Co
Inc
3,113,373
269,556
REITs
-
3
.68
%
Alexandria
Real
Estate
Equities
Inc
1,288,684
155,802
Prologis
Inc
694,610
88,000
Realty
Income
Corp
1,372,800
74,667
$
318,469
Retail
-
4
.35
%
Costco
Wholesale
Corp
317,195
220,413
Starbucks
Corp
1,155,549
107,501
Target
Corp
345,056
47,990
$
375,904
Semiconductors
-
3
.85
%
Microchip
Technology
Inc
1,999,480
170,316
Taiwan
Semiconductor
Manufacturing
Co
Ltd
ADR
1,439,510
162,607
$
332,923
Software
-
3
.41
%
Fidelity
National
Information
Services
Inc
781,335
48,646
Microsoft
Corp
379,875
151,031
SAP
SE
ADR
548,031
94,864
$
294,541
Telecommunications
-
2
.29
%
BCE
Inc
2,339,629
94,404
T-Mobile
US
Inc
643,116
103,690
$
198,094
Transportation
-
1
.24
%
Expeditors
International
of
Washington
Inc
851,483
107,568
TOTAL
COMMON
STOCKS
$
8,500,979
Total
Investments
$
8,632,000
Other
Assets
and
Liabilities
- 0.21%
18,362
TOTAL
NET
ASSETS
-
100.00%
$
8,650,362
Schedule
of
Investments
Equity
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
82
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$0
or
0.00%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Portfolio
Summary
Sector
Percent
Financial
25
.43
%
Consumer,
Non-cyclical
21
.53
%
Consumer,
Cyclical
11
.79
%
Industrial
10
.11
%
Technology
9
.11
%
Energy
7
.94
%
Communications
5
.26
%
Utilities
4
.74
%
Basic
Materials
2
.36
%
Money
Market
Funds
1
.52
%
Other
Assets
and
Liabilities
0
.21
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
145,357
$
459,373
$
473,709
$
131,021
$
145,357
$
459,373
$
473,709
$
131,021
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
1,925
$
—
$
—
$
—
$
1,925
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
83
INVESTMENT
COMPANIES
-
7
.32
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
7
.32
%
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(a),(b)
37,811,491
$
37,811
TOTAL
INVESTMENT
COMPANIES
$
37,811
BONDS
-
89
.89
%
Principal
Amount
(000's)
Value
(000's)
Banks
-
9
.84
%
Banca
Comerciala
Romana
SA
7.63%,
05/19/2027
(c)
EUR
2,200
$
2,500
3
Month
Euro
Interbank
Offered
Rate
+
4.54%
Banca
Transilvania
SA
8.88%,
04/27/2027
(c)
2,200
2,503
Euribor
Swap
Rate
1
Year
+
5.58%
Banco
Mercantil
del
Norte
SA/Grand
Cayman
5.88%,
01/24/2027
(c),(d),(e),(f)
$
4,050
3,775
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.64%
5.88%,
01/24/2027
(c),(d),(e)
600
559
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.64%
BBVA
Bancomer
SA/Texas
5.13%,
01/18/2033
(c),(e)
1,475
1,348
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.65%
8.45%,
06/29/2038
(c),(e)
250
261
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.66%
8.45%,
06/29/2038
(c),(e),(f)
5,100
5,324
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.66%
BOI
Finance
BV
7.50%,
02/16/2027
EUR
3,080
3,083
Ceska
sporitelna
AS
5.74%,
03/08/2028
(c)
2,100
2,352
3
Month
Euro
Interbank
Offered
Rate
+
2.35%
5.94%,
06/29/2027
(c)
900
1,008
3
Month
Euro
Interbank
Offered
Rate
+
2.40%
HSBC
Holdings
PLC
6.25%,
03/09/2034
(c)
$
4,675
4,965
Secured
Overnight
Financing
Rate
+
2.39%
Israel
Discount
Bank
Ltd
5.38%,
01/26/2028
(f)
1,825
1,778
JPMorgan
Chase
&
Co
0.00%,
12/05/2033
(f),(g)
TRY
1,820,000
2,473
Nova
Kreditna
Banka
Maribor
dd
7.38%,
06/29/2026
(c)
EUR
600
668
3
Month
Euro
Interbank
Offered
Rate
+
3.50%
Raiffeisenbank
AS
7.13%,
01/19/2026
(c)
2,800
3,056
3
Month
Euro
Interbank
Offered
Rate
+
3.93%
Standard
Chartered
PLC
6.10%,
01/11/2035
(c),(f)
$
4,950
5,054
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.10%
6.19%,
07/06/2027
(c),(f)
275
280
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.85%
6.19%,
07/06/2027
(c)
2,800
2,848
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.85%
TC
Ziraat
Bankasi
AS
9.50%,
08/01/2026
2,775
2,917
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Yapi
ve
Kredi
Bankasi
AS
9.25%,
01/17/2034
(c),(f)
$
4,025
$
4,040
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.28%
$
50,792
Building
Materials
-
0
.88
%
Cemex
SAB
de
CV
9.13%,
03/14/2028
(c),(d),(f)
1,075
1,145
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.16%
9.13%,
03/14/2028
(c),(d)
3,200
3,407
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.16%
$
4,552
Chemicals
-
1
.81
%
MEGlobal
BV
4.25%,
11/03/2026
1,100
1,058
Sasol
Financing
USA
LLC
8.75%,
05/03/2029
(f)
3,225
3,279
8.75%,
05/03/2029
650
661
Sociedad
Quimica
y
Minera
de
Chile
SA
6.50%,
11/07/2033
(f)
4,200
4,353
$
9,351
Diversified
Financial
Services
-
0
.42
%
SOCAR
Turkey
Enerji
AS
via
Steas
Funding
1
DAC
7.23%,
03/17/2026
2,200
2,167
Electric
-
0
.64
%
Comision
Federal
de
Electricidad
5.00%,
09/29/2036
3,036
2,657
NPC
Ukrenergo
0.00%,
11/09/2028
(f),(g)
2,350
645
$
3,302
Energy
-
Alternate
Sources
-
1
.52
%
Energo-Pro
AS
8.50%,
02/04/2027
2,600
2,585
8.50%,
02/04/2027
(f)
2,325
2,311
FS
Luxembourg
Sarl
8.88%,
02/12/2031
(f),(h)
3,000
2,961
$
7,857
Engineering
&
Construction
-
1
.27
%
HTA
Group
Ltd/Mauritius
7.00%,
12/18/2025
1,737
1,713
IHS
Holding
Ltd
5.63%,
11/29/2026
650
586
6.25%,
11/29/2028
350
295
IHS
Netherlands
Holdco
BV
8.00%,
09/18/2027
4,325
3,979
$
6,573
Food
-
0
.93
%
Minerva
Luxembourg
SA
8.88%,
09/13/2033
(f)
4,600
4,820
Internet
-
0
.17
%
United
Group
BV
6.75%,
02/15/2031
(f),(h)
EUR
825
886
Iron
&
Steel
-
1
.56
%
CSN
Inova
Ventures
6.75%,
01/28/2028
$
3,375
3,232
Samarco
Mineracao
SA
9.50%,
PIK
0.00%;
06/30/2031
(f),(i),(j)
657
547
9.50%,
PIK
0.00%;
06/30/2031
(i),(j)
3,761
3,127
Samarco
Mineracao
SA
Escrow
Shares
0.00%,
10/24/2023
(g),(k)
200
—
Usiminas
International
Sarl
5.88%,
07/18/2026
1,200
1,174
$
8,080
Schedule
of
Investments
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
84
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Lodging
-
1
.45
%
Melco
Resorts
Finance
Ltd
5.63%,
07/17/2027
(f)
$
300
$
282
5.63%,
07/17/2027
1,150
1,090
5.75%,
07/21/2028
4,300
3,999
MGM
China
Holdings
Ltd
5.25%,
06/18/2025
1,500
1,462
Wynn
Macau
Ltd
5.50%,
01/15/2026
675
654
$
7,487
Media
-
0
.71
%
Globo
Comunicacao
e
Participacoes
SA
4.88%,
01/22/2030
2,350
2,002
5.50%,
01/14/2032
1,950
1,684
$
3,686
Mining
-
0
.96
%
WE
Soda
Investments
Holding
PLC
9.50%,
10/06/2028
(f)
3,250
3,322
9.50%,
10/06/2028
1,600
1,636
$
4,958
Oil
&
Gas
-
6
.34
%
Cosan
Luxembourg
SA
7.25%,
06/27/2031
(f)
3,300
3,330
Energian
Israel
Finance
Ltd
4.88%,
03/30/2026
(f)
1,086
1,000
5.38%,
03/30/2028
(f)
2,725
2,374
8.50%,
09/30/2033
(f)
3,715
3,480
Kosmos
Energy
Ltd
7.50%,
03/01/2028
(f)
350
323
7.50%,
03/01/2028
2,050
1,891
7.75%,
05/01/2027
1,400
1,323
Leviathan
Bond
Ltd
6.50%,
06/30/2027
(f)
4,400
4,094
Petroleos
de
Venezuela
SA
0.00%,
05/16/2024
(g)
18,225
1,939
0.00%,
11/15/2026
(g)
2,100
224
Petroleos
Mexicanos
6.49%,
01/23/2027
2,825
2,656
Puma
International
Financing
SA
5.00%,
01/24/2026
3,275
3,102
Tengizchevroil
Finance
Co
International
Ltd
4.00%,
08/15/2026
7,440
7,006
$
32,742
Pipelines
-
3
.72
%
Acu
Petroleo
Luxembourg
Sarl
7.50%,
07/13/2035
3,927
3,763
Galaxy
Pipeline
Assets
Bidco
Ltd
2.16%,
03/31/2034
(f)
2,548
2,187
2.16%,
03/31/2034
6,838
5,869
Greensaif
Pipelines
Bidco
Sarl
6.13%,
02/23/2038
(f)
3,300
3,379
6.13%,
02/23/2038
1,950
1,994
TMS
Issuer
Sarl
5.78%,
08/23/2032
(f)
1,950
2,008
$
19,200
Real
Estate
-
0
.32
%
Country
Garden
Holdings
Co
Ltd
0.00%,
05/27/2025
(g)
350
25
0.00%,
02/06/2026
(g)
3,200
243
0.00%,
04/08/2026
(g)
2,925
227
0.00%,
07/12/2026
(g)
600
43
MAF
Global
Securities
Ltd
7.88%,
06/30/2027
(c),(d)
1,075
1,107
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.89%
$
1,645
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Regional
Authority
-
0
.40
%
Provincia
de
Buenos
Aires/Government
Bonds
6.37%,
09/01/2037
(i)
$
5,275
$
2,052
Sovereign
-
54
.06
%
Argentine
Republic
Government
International
Bond
0.75%,
07/09/2030
(i)
10,025
4,051
3.62%,
07/09/2035
(i)
16,000
5,339
4.25%,
01/09/2038
(i)
3,500
1,347
Bahamas
Government
International
Bond
6.00%,
11/21/2028
3,975
3,552
9.00%,
06/16/2029
(f)
600
585
Brazil
Notas
do
Tesouro
Nacional
Serie
F
9.76%,
01/01/2027
BRL
61,800
12,509
9.76%,
01/01/2033
62,250
12,181
Colombia
Government
International
Bond
4.50%,
03/15/2029
$
4,650
4,283
7.50%,
02/02/2034
7,075
7,232
Colombian
TES
6.00%,
04/28/2028
COP
47,800,000
11,068
Dominican
Republic
International
Bond
4.50%,
01/30/2030
$
3,700
3,366
5.50%,
02/22/2029
1,925
1,862
5.95%,
01/25/2027
4,150
4,154
Ecuador
Government
International
Bond
3.50%,
07/31/2035
(i)
8,850
3,625
6.00%,
07/31/2030
(i)
8,250
4,314
Egypt
Government
International
Bond
7.30%,
09/30/2033
10,975
7,216
8.50%,
01/31/2047
850
518
Gabon
Government
International
Bond
6.63%,
02/06/2031
3,950
3,223
Ghana
Government
International
Bond
0.00%,
04/07/2029
(f),(g)
975
431
0.00%,
04/07/2029
(g)
7,175
3,171
0.00%,
03/26/2032
(g)
1,800
791
0.00%,
04/07/2034
(g)
4,015
1,772
Guatemala
Government
Bond
5.25%,
08/10/2029
4,575
4,421
7.05%,
10/04/2032
1,950
2,044
Hungary
Government
Bond
6.75%,
10/22/2028
HUF
2,080,000
6,070
Hungary
Government
International
Bond
6.13%,
05/22/2028
$
2,300
2,366
Indonesia
Treasury
Bond
6.38%,
08/15/2028
IDR
102,200,000
6,465
6.50%,
02/15/2031
32,800,000
2,059
6.63%,
02/15/2034
151,800,000
9,622
7.00%,
02/15/2033
24,900,000
1,620
Iraq
International
Bond
5.80%,
01/15/2028
$
6,763
6,298
Ivory
Coast
Government
International
Bond
4.88%,
01/30/2032
EUR
5,875
5,317
6.63%,
03/22/2048
2,275
1,926
8.25%,
01/30/2037
(f)
$
4,075
4,049
Magyar
Export-Import
Bank
Zrt
6.13%,
12/04/2027
(f)
2,100
2,116
6.13%,
12/04/2027
800
806
Mexican
Bonos
7.75%,
11/23/2034
MXN
532,250
27,759
Mexico
Government
International
Bond
4.88%,
05/19/2033
$
4,600
4,390
6.00%,
05/07/2036
2,275
2,317
6.35%,
02/09/2035
2,575
2,678
Nigeria
Government
International
Bond
6.13%,
09/28/2028
2,325
2,019
7.14%,
02/23/2030
1,450
1,260
7.88%,
02/16/2032
4,125
3,576
Schedule
of
Investments
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
85
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Sovereign
(continued)
Peru
Government
Bond
5.40%,
08/12/2034
PEN
25,750
$
6,152
6.15%,
08/12/2032
32,950
8,518
Republic
of
South
Africa
Government
Bond
8.00%,
01/31/2030
ZAR
155,500
7,651
8.75%,
01/31/2044
128,800
5,085
Republic
of
South
Africa
Government
International
Bond
7.30%,
04/20/2052
$
5,850
5,162
Republic
of
Uzbekistan
International
Bond
7.85%,
10/12/2028
(f)
4,500
4,665
7.85%,
10/12/2028
300
311
Romanian
Government
International
Bond
6.38%,
01/30/2034
(f)
6,476
6,614
Saudi
Government
International
Bond
5.00%,
01/16/2034
(f)
3,650
3,636
5.75%,
01/16/2054
(f)
6,825
6,707
Senegal
Government
International
Bond
4.75%,
03/13/2028
EUR
3,200
3,163
5.38%,
06/08/2037
3,150
2,453
6.75%,
03/13/2048
$
4,070
3,048
Slovenia
Government
International
Bond
5.00%,
09/19/2033
5,625
5,694
State
Agency
of
Roads
of
Ukraine
0.00%,
06/24/2030
(f),(g)
2,700
678
0.00%,
06/24/2030
(g)
4,689
1,178
Tunisian
Republic
6.38%,
07/15/2026
EUR
7,125
5,812
Turkiye
Government
Bond
26.20%,
10/05/2033
TRY
60,300
1,996
Ukraine
Government
International
Bond
0.00%,
09/01/2026
(g)
$
975
251
0.00%,
09/01/2029
(g)
5,725
1,429
0.00%,
08/01/2041
(g),(i)
7,000
3,220
$
279,191
Supranational
Bank
-
2
.05
%
European
Bank
for
Reconstruction
&
Development
6.30%,
10/26/2027
INR
366,000
4,326
Inter-American
Development
Bank
5.00%,
02/12/2024
86,400
1,040
5.70%,
11/12/2024
142,000
1,689
International
Bank
for
Reconstruction
&
Development
6.85%,
04/24/2028
180,000
2,168
7.05%,
07/22/2029
110,500
1,336
$
10,559
Transportation
-
0
.41
%
Transnet
SOC
Ltd
8.25%,
02/06/2028
(f)
$
1,825
1,834
8.25%,
02/06/2028
300
302
$
2,136
Water
-
0
.43
%
Aegea
Finance
Sarl
9.00%,
01/20/2031
(f)
2,100
2,209
TOTAL
BONDS
$
464,245
CONVERTIBLE
BONDS
-
0
.19
%
Principal
Amount
(000's)
Value
(000's)
Oil
&
Gas
-
0
.19
%
Abu
Dhabi
National
Oil
Co
0.70%,
06/04/2024
$
1,000
$
980
TOTAL
CONVERTIBLE
BONDS
$
980
Total
Investments
$
503,036
Other
Assets
and
Liabilities
- 2.60%
13,412
TOTAL
NET
ASSETS
-
100.00%
$
516,448
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
1-day
yield
shown
is
as
of
period
end.
(c)
Rate
shown
is
as
of
period
end.
The
rate
may
be
a
variable
or
floating
rate
or
a
fixed
rate
which
may
convert
to
a
variable
or
floating
rate
in
the
future.
(d)
Perpetual
security.
Perpetual
securities
pay
an
indefinite
stream
of
interest,
but
they
may
be
called
by
the
issuer
at
an
earlier
date.
Date
shown,
if
any,
reflects
the
next
call
date
or
final
legal
maturity
date.
Rate
shown
is
as
of
period
end.
(e)
Security
is
a
contingent
convertible
security,
("CoCo").
CoCo's
are
hybrid
debt
securities
that
may
convert
to
equity
or
have
their
principal
written
down
upon
occurrence
of
certain
"triggers".
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$11,267
or
2.18%
of
net
assets.
(f)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$102,974
or
19.94%
of
net
assets.
(g)
Non-income
producing
security
(h)
Security
purchased
on
a
when-issued
basis.
(i)
Certain
variable
rate
securities
are
not
based
on
a
published
reference
rate
and
spread
but
are
determined
by
the
issuer
or
agent
and
are
based
on
current
market
conditions. These
securities
do
not
indicate
a
reference
rate
and
spread
in
their
description.
Rate
shown
is
the
rate
in
effect
as
of
period
end.
(j)
Payment
in
kind;
the
issuer
has
the
option
of
paying
additional
securities
in
lieu
of
cash.
(k)
The
value
of
these
investments
was
determined
using
significant
unobservable
inputs,
in
good
faith
by
the
Manager,
under
procedures
established
and
periodically
reviewed
by
the
Board
of
Directors.
Schedule
of
Investments
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
86
Portfolio
Summary
Location
Percent
Mexico
11
.28
%
United
States
9
.26
%
Brazil
6
.20
%
Luxembourg
5
.57
%
Colombia
4
.37
%
South
Africa
3
.88
%
Indonesia
3
.82
%
United
Kingdom
3
.50
%
Peru
2
.84
%
Cayman
Islands
2
.56
%
Argentina
2
.48
%
Israel
2
.45
%
Romania
2
.25
%
Hungary
2
.21
%
Czech
Republic
2
.20
%
Cote
d'Ivoire
2
.18
%
Supranational
2
.05
%
Saudi
Arabia
2
.00
%
Dominican
Republic
1
.82
%
Netherlands
1
.74
%
Turkey
1
.74
%
Senegal
1
.68
%
Jersey,
Channel
Islands
1
.56
%
Ecuador
1
.54
%
Egypt
1
.50
%
Ukraine
1
.44
%
Bermuda
1
.36
%
Nigeria
1
.32
%
Guatemala
1
.26
%
Slovenia
1
.23
%
Iraq
1
.22
%
Ghana
1
.18
%
Tunisia
1
.13
%
Uzbekistan
0
.96
%
Chile
0
.84
%
Bahamas
0
.80
%
Gabon
0
.62
%
Venezuela
0
.42
%
Ireland
0
.42
%
Mauritius
0
.33
%
United
Arab
Emirates
0
.19
%
Other
Assets
and
Liabilities
2
.60
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
56,782
$
72,716
$
91,687
$
37,811
$
56,782
$
72,716
$
91,687
$
37,811
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
531
$
—
$
—
$
—
$
531
$
—
$
—
$
—
Amounts
in
thousands.
Foreign
Currency
Contracts
Unrealized
Appreciation/(Depreciation)
Counterparty
Settlement
Date
Currency
to
Accept
Currency
to
Deliver
Asset
Liability
Citigroup
Inc
02/16/2024
EUR
2,475
$
2,704
$
—
$
(
27
)
Citigroup
Inc
02/28/2024
EUR
11,500
$
12,513
—
(
72
)
Citigroup
Inc
02/28/2024
$
11,697
ZAR
224,075
—
(
249
)
Citigroup
Inc
02/28/2024
$
14,911
CNH
106,700
44
—
Goldman
Sachs
&
Co
02/16/2024
EUR
25
$
27
—
—
Goldman
Sachs
&
Co
02/16/2024
$
436
EUR
400
3
—
Goldman
Sachs
&
Co
02/28/2024
$
742
ZAR
14,000
—
(
5
)
HSBC
Securities
Inc
02/16/2024
EUR
975
$
1,061
—
(
6
)
Schedule
of
Investments
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
87
Foreign
Currency
Contracts
(continued)
Unrealized
Appreciation/(Depreciation)
Counterparty
Settlement
Date
Currency
to
Accept
Currency
to
Deliver
Asset
Liability
HSBC
Securities
Inc
02/16/2024
$
2,885
EUR
2,650
$
19
$
—
HSBC
Securities
Inc
02/28/2024
IDR
77,600,000
$
4,968
—
(
49
)
HSBC
Securities
Inc
02/28/2024
$
7,768
MXN
134,900
—
(
37
)
HSBC
Securities
Inc
02/28/2024
$
14,895
CNH
106,700
29
—
JPMorgan
Chase
02/16/2024
$
36,006
EUR
33,100
215
—
JPMorgan
Chase
02/28/2024
$
1,009
CNH
7,200
5
—
Total
$
315
$
(
445
)
Amounts
in
thousands.
Credit
Default
Swaps
Buy
Protection
Counterparty
Reference
Entity
Implied
Credit
Spread
as
of
January
31,
2024
(a)
(Pay)/
Receive
Fixed
Rate
Payment
Frequency
Maturity
Date
Notional
Amount
Upfront
Payments/
(Receipts)
Unrealized
Appreciation/
(Depreciation)
Fair
Value
Asset
----
Liability
Goldman
Sachs
&
Co
Bank
of
China
Ltd/Hong
Kong,
1.25%,
06/24/2025
0.39%
(1.00)%
Quarterly
12/20/2025
$
3,350
$
(
26
)
$
(
11
)
$
—
$
(
37
)
Goldman
Sachs
&
Co
Bank
of
China
Ltd/Hong
Kong,
1.25%,
06/24/2025
0.39%
(1.00)%
Quarterly
12/20/2025
7,350
(
77
)
(
4
)
—
(
81
)
Goldman
Sachs
&
Co
Bank
of
China
Ltd/Hong
Kong,
1.25%,
06/24/2025
0.39%
(1.00)%
Quarterly
12/20/2025
3,300
(
26
)
(
11
)
—
(
37
)
Goldman
Sachs
&
Co
Bank
of
China
Ltd/Hong
Kong,
1.25%,
06/24/2025
0.39%
(1.00)%
Quarterly
12/20/2025
500
(
5
)
(
1
)
—
(
6
)
Goldman
Sachs
&
Co
Bank
of
China
Ltd/Hong
Kong,
1.25%,
06/24/2025
0.39%
(1.00)%
Quarterly
12/20/2025
500
(
5
)
(
1
)
—
(
6
)
Goldman
Sachs
&
Co
Bank
of
China
Ltd/Hong
Kong,
1.25%,
06/24/2025
0.39%
(1.00)%
Quarterly
12/20/2025
4,700
(
29
)
(
23
)
—
(
52
)
Goldman
Sachs
&
Co
China
Construction
Bank
Corp/Luxembourg,
0.00%,
04/22/2024
0.37%
(1.00)%
Quarterly
12/20/2025
3,350
(
26
)
(
12
)
—
(
38
)
Goldman
Sachs
&
Co
China
Construction
Bank
Corp/Luxembourg,
0.00%,
04/22/2024
0.37%
(1.00)%
Quarterly
12/20/2025
500
(
5
)
(
1
)
—
(
6
)
Goldman
Sachs
&
Co
China
Construction
Bank
Corp/Luxembourg,
0.00%,
04/22/2024
0.37%
(1.00)%
Quarterly
12/20/2025
3,300
(
26
)
(
12
)
—
(
38
)
Goldman
Sachs
&
Co
China
Construction
Bank
Corp/Luxembourg,
0.00%,
04/22/2024
0.37%
(1.00)%
Quarterly
12/20/2025
500
(
4
)
(
2
)
—
(
6
)
Goldman
Sachs
&
Co
China
Construction
Bank
Corp/Luxembourg,
0.00%,
04/22/2024
0.37%
(1.00)%
Quarterly
12/20/2025
7,300
(
77
)
(
6
)
—
(
83
)
Goldman
Sachs
&
Co
China
Construction
Bank
Corp/Luxembourg,
0.00%,
04/22/2024
0.37%
(1.00)%
Quarterly
12/20/2025
3,350
(
21
)
(
17
)
—
(
38
)
Goldman
Sachs
&
Co
China
Development
Bank,
3.00%,
06/01/2026
0.38%
(1.00)%
Quarterly
12/20/2025
3,350
(
27
)
(
11
)
—
(
38
)
Goldman
Sachs
&
Co
China
Development
Bank,
3.00%,
06/01/2026
0.38%
(1.00)%
Quarterly
12/20/2025
3,300
(
26
)
(
11
)
—
(
37
)
Goldman
Sachs
&
Co
China
Development
Bank,
3.00%,
06/01/2026
0.38%
(1.00)%
Quarterly
12/20/2025
2,000
(
12
)
(
10
)
—
(
22
)
Goldman
Sachs
&
Co
China
Development
Bank,
3.00%,
06/01/2026
0.38%
(1.00)%
Quarterly
12/20/2025
500
(
5
)
(
1
)
—
(
6
)
Goldman
Sachs
&
Co
China
Development
Bank,
3.00%,
06/01/2026
0.38%
(1.00)%
Quarterly
12/20/2025
500
(
5
)
(
1
)
—
(
6
)
Goldman
Sachs
&
Co
China
Development
Bank,
3.00%,
06/01/2026
0.38%
(1.00)%
Quarterly
12/20/2025
7,000
(
73
)
(
5
)
—
(
78
)
Goldman
Sachs
&
Co
Industrial
&
Commercial
Bank
of
China
Ltd/Hong
Kong,
1.63%,
10/28/2026
0.40%
(1.00)%
Quarterly
12/20/2025
3,350
(
26
)
(
10
)
—
(
36
)
Goldman
Sachs
&
Co
Industrial
&
Commercial
Bank
of
China
Ltd/Hong
Kong,
1.63%,
10/28/2026
0.40%
(1.00)%
Quarterly
12/20/2025
3,300
(
26
)
(
10
)
—
(
36
)
Goldman
Sachs
&
Co
Industrial
&
Commercial
Bank
of
China
Ltd/Hong
Kong,
1.63%,
10/28/2026
0.40%
(1.00)%
Quarterly
12/20/2025
500
(
4
)
(
1
)
—
(
5
)
Schedule
of
Investments
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
88
Credit
Default
Swaps
(continued)
Buy
Protection
(continued)
Counterparty
Reference
Entity
Implied
Credit
Spread
as
of
January
31,
2024
(a)
(Pay)/
Receive
Fixed
Rate
Payment
Frequency
Maturity
Date
Notional
Amount
Upfront
Payments/
(Receipts)
Unrealized
Appreciation/
(Depreciation)
Fair
Value
Asset
----
Liability
Goldman
Sachs
&
Co
Industrial
&
Commercial
Bank
of
China
Ltd/Hong
Kong,
1.63%,
10/28/2026
0.40%
(1.00)%
Quarterly
12/20/2025
$
500
$
(
5
)
$
—
$
—
$
(
5
)
Goldman
Sachs
&
Co
Industrial
&
Commercial
Bank
of
China
Ltd/Hong
Kong,
1.63%,
10/28/2026
0.40%
(1.00)%
Quarterly
12/20/2025
7,300
(
76
)
(
3
)
—
(
79
)
Goldman
Sachs
&
Co
Industrial
&
Commercial
Bank
of
China
Ltd/Hong
Kong,
1.63%,
10/28/2026
0.40%
(1.00)%
Quarterly
12/20/2025
3,350
(
20
)
(
16
)
—
(
36
)
Total
$
(
632
)
$
(
180
)
$
—
$
(
812
)
Amounts
in
thousands.
Exchange
Cleared
Credit
Default
Swaps
Buy
Protection
Reference
Entity
Implied
Credit
Spread
as
of
January
31,
2024
(a)
(Pay)/
Receive
Fixed
Rate
Payment
Frequency
Maturity
Date
Notional
Amount
Upfront
Payments/
(Receipts)
Unrealized
Appreciation/
(Depreciation)
Fair
Value
CDX.NA.HY.41
N/A
(5.00)%
Quarterly
12/20/2028
$
15,147
$
(
749
)
$
(
105
)
$
(
854
)
ITRX.40
N/A
(5.00)%
Quarterly
12/20/2028
EUR
48,650
(
2,442
)
(
1,271
)
(
3,713
)
Total
$
(
3,191
)
$
(
1,376
)
$
(
4,567
)
Amounts
in
thousands.
(a)
Implied
credit
spreads,
represented
in
absolute
terms,
used
in
determining
the
market
value
of
credit
default
swap
agreements
on
corporate
issues
or
sovereign
issues
as
of
period
end
serve
as
an
indicator
of
the
current
status
of
the
payment/performance
risk
and
represent
the
likelihood
or
risk
of
default
for
the
credit
derivative.
The
implied
credit
spread
of
a
particular
referenced
entity
reflects
the
cost
of
buying/selling
protection
and
may
include
upfront
payments
required
to
be
made
to
enter
into
the
agreement.
Wider
credit
spreads
represent
a
deterioration
of
the
referenced
entity's
credit
soundness
and
a
greater
likelihood
or
risk
of
default
or
other
credit
event
occurring
as
defined
under
the
terms
of
the
agreement.
Exchange
Cleared
Interest
Rate
Swaps
Floating
Rate
Index
(Pay)/
Receive
Floating
Rate
Fixed
Rate
Payment
Frequency
Paid
by
Fund
Payment
Frequency
Received
by
Fund
Effective
Date
(a)
Maturity
Date
Notional
Amount
Unrealized
Appreciation/
(Depreciation)
Upfront
Payments/(Receipts)
Fair
Value
3
Month
Budapest
Interbank
Offered
Rate
Pay
6.47%
Semiannual
Annual
N/A
12/06/2033
HUF
3,100,000
$
85
$
(
2
)
$
83
3
Month
Budapest
Interbank
Offered
Rate
Pay
6.47%
Semiannual
Annual
N/A
12/06/2033
1,585,000
37
5
42
3
Month
Budapest
Interbank
Offered
Rate
Pay
6.47%
Semiannual
Annual
N/A
12/06/2033
3,700,000
(
49
)
148
99
3
Month
Budapest
Interbank
Offered
Rate
Pay
6.47%
Semiannual
Annual
N/A
12/06/2033
1,475,000
—
40
40
3
Month
Budapest
Interbank
Offered
Rate
Pay
6.47%
Semiannual
Annual
N/A
12/06/2033
1,400,000
(
13
)
50
37
3
Month
KRW
Certificate
of
Deposit
Pay
3.18%
Annual
Annual
N/A
03/20/2029
KRW
42,200,000
$
19
—
19
Brazil
Cetip
DI
Interbank
Deposit
Rate
Pay
10.17%
Annual
Annual
N/A
01/04/2027
BRL
134,800
$
120
—
120
Total
$
199
$
241
$
440
Amounts
in
thousands.
(a)
Forward
swap.
Schedule
of
Investments
Global
Emerging
Markets
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
89
INVESTMENT
COMPANIES
-
2
.13
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
2
.13
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
5.21%
(a),(b)
91,264
$
91
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(a),(c)
4,818,296
4,818
$
4,909
TOTAL
INVESTMENT
COMPANIES
$
4,909
COMMON
STOCKS
-
96
.78
%
Shares
Held
Value
(000's)
Aerospace
&
Defense
-
0
.53
%
LIG
Nex1
Co
Ltd
15,518
$
1,218
Agriculture
-
0
.24
%
Muyuan
Foods
Co
Ltd
113,900
559
Apparel
-
1
.00
%
Fila
Holdings
Corp
25,861
788
Youngone
Corp
42,488
1,525
$
2,313
Automobile
Manufacturers
-
2
.48
%
BYD
Co
Ltd
86,500
1,937
Kia
Corp
24,656
1,894
Maruti
Suzuki
India
Ltd
15,309
1,877
$
5,708
Automobile
Parts
&
Equipment
-
0
.77
%
Fuyao
Glass
Industry
Group
Co
Ltd
(d)
171,600
776
Weichai
Power
Co
Ltd
563,000
994
$
1,770
Banks
-
10
.67
%
Bank
of
Jiangsu
Co
Ltd
806,870
822
Bank
Rakyat
Indonesia
Persero
Tbk
PT
5,490,182
1,978
Grupo
Financiero
Banorte
SAB
de
CV
243,600
2,477
HDFC
Bank
Ltd
176,872
3,111
ICICI
Bank
Ltd
392,061
4,856
Kasikornbank
PCL
229,800
770
Kotak
Mahindra
Bank
Ltd
63,469
1,395
National
Bank
of
Greece
SA
(e)
336,617
2,559
PT
Bank
Central
Asia
Tbk
2,651,600
1,604
Saudi
National
Bank/The
398,346
4,302
Vietnam
Technological
&
Commercial
Joint
Stock
Bank
(e)
453,900
685
$
24,559
Beverages
-
2
.38
%
Arca
Continental
SAB
de
CV
168,000
1,910
China
Resources
Beer
Holdings
Co
Ltd
158,000
571
Kweichow
Moutai
Co
Ltd
5,100
1,140
Varun
Beverages
Ltd
120,348
1,857
$
5,478
Building
Materials
-
3
.00
%
Beijing
Oriental
Yuhong
Waterproof
Technology
Co
Ltd
252,621
568
Cemex
SAB
de
CV
(e)
3,367,014
2,792
China
National
Building
Material
Co
Ltd
760,000
268
Voltas
Ltd
248,463
3,268
$
6,896
Chemicals
-
0
.26
%
Orbia
Advance
Corp
SAB
de
CV
304,200
606
Coal
-
0
.40
%
Exxaro
Resources
Ltd
92,038
917
Commercial
Services
-
2
.61
%
Humansoft
Holding
Co
KSC
79,772
892
JSW
Infrastructure
Ltd
(e)
535,729
1,395
Localiza
Rent
a
Car
SA
109,480
1,202
Localiza
Rent
a
Car
SA
-
Rights
(e)
392
1
MegaStudyEdu
Co
Ltd
17,572
790
Network
International
Holdings
PLC
(d),(e)
184,553
905
Santos
Brasil
Participacoes
SA
407,389
829
$
6,014
Computers
-
1
.56
%
CI&T
Inc
(e)
35,930
160
Elm
Co
4,506
1,082
Globant
SA
(e)
4,690
1,106
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Computers
(continued)
Quanta
Computer
Inc
156,000
$
1,233
$
3,581
Distribution
&
Wholesale
-
0
.80
%
AKR
Corporindo
Tbk
PT
12,559,400
1,289
Vamos
Locacao
de
Caminhoes
Maquinas
e
Equipamentos
SA
331,929
549
$
1,838
Diversified
Financial
Services
-
4
.67
%
Bajaj
Finance
Ltd
20,428
1,691
Banco
BTG
Pactual
SA
215,950
1,573
CreditAccess
Grameen
Ltd
(e)
100,480
1,928
Fubon
Financial
Holding
Co
Ltd
771,139
1,585
Hong
Kong
Exchanges
&
Clearing
Ltd
19,300
585
Intercorp
Financial
Services
Inc
23,443
550
Jio
Financial
Services
Ltd
(e)
113,477
339
KB
Financial
Group
Inc
58,686
2,490
$
10,741
Electric
-
1
.26
%
China
Longyuan
Power
Group
Corp
Ltd
740,000
446
Emirates
Central
Cooling
Systems
Corp
2,441,294
1,165
NTPC
Ltd
335,249
1,284
$
2,895
Electrical
Components
&
Equipment
-
0
.95
%
Delta
Electronics
Inc
150,000
1,342
Riyadh
Cables
Group
Co
30,107
846
$
2,188
Electronics
-
1
.87
%
Advanced
Energy
Solution
Holding
Co
Ltd
30,000
605
Avalon
Technologies
Ltd
(d),(e)
151,980
1,001
Gold
Circuit
Electronics
Ltd
103,000
754
Lotes
Co
Ltd
24,830
783
Voltronic
Power
Technology
Corp
27,000
1,154
$
4,297
Energy
-
Alternate
Sources
-
0
.25
%
Sao
Martinho
S/A
100,029
571
Engineering
&
Construction
-
1
.09
%
Cury
Construtora
e
Incorporadora
SA
228,500
853
L&T
Technology
Services
Ltd
(d)
17,714
1,189
Samsung
Engineering
Co
Ltd
(e)
27,696
462
$
2,504
Food
-
2
.87
%
Bid
Corp
Ltd
68,989
1,670
Dino
Polska
SA
(d),(e)
5,155
556
Indofood
Sukses
Makmur
Tbk
PT
1,381,200
558
LT
Foods
Ltd
285,125
675
Nestle
India
Ltd
39,310
1,186
SM
Investments
Corp
78,535
1,254
Want
Want
China
Holdings
Ltd
1,296,000
713
$
6,612
Forest
Products
&
Paper
-
0
.30
%
Suzano
SA
66,300
693
Gas
-
0
.35
%
ENN
Natural
Gas
Co
Ltd
332,079
807
Healthcare
-
Products
-
0
.74
%
Shenzhen
Mindray
Bio-Medical
Electronics
Co
Ltd
25,600
957
Universal
Vision
Biotechnology
Co
Ltd
84,000
737
$
1,694
Healthcare
-
Services
-
0
.93
%
Bangkok
Dusit
Medical
Services
PCL
1,463,900
1,128
Hygeia
Healthcare
Holdings
Co
Ltd
(d)
151,000
492
WuXi
AppTec
Co
Ltd
(d)
73,700
510
$
2,130
Home
Furnishings
-
0
.45
%
Gree
Electric
Appliances
Inc
of
Zhuhai
212,300
1,043
Vestel
Beyaz
Esya
Sanayi
ve
Ticaret
AS
1
—
$
1,043
Schedule
of
Investments
Global
Emerging
Markets
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
90
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Insurance
-
4
.11
%
AIA
Group
Ltd
191,200
$
1,499
China
Pacific
Insurance
Group
Co
Ltd
513,600
945
ICICI
Lombard
General
Insurance
Co
Ltd
(d)
65,117
1,172
ICICI
Prudential
Life
Insurance
Co
Ltd
(d)
147,672
895
PICC
Property
&
Casualty
Co
Ltd
1,956,000
2,433
Qualitas
Controladora
SAB
de
CV
(f)
227,800
2,524
$
9,468
Internet
-
12
.52
%
Alibaba
Group
Holding
Ltd
649,124
5,822
Baidu
Inc
(e)
147,000
1,903
IndiaMart
InterMesh
Ltd
(d)
33,240
1,009
Meituan
(d),(e)
96,100
773
MercadoLibre
Inc
(e)
477
817
Naspers
Ltd
13,334
2,236
PDD
Holdings
Inc
ADR
(e)
35,129
4,457
Tencent
Holdings
Ltd
279,600
9,705
Tongcheng
Travel
Holdings
Ltd
(e)
426,800
871
Trip.com
Group
Ltd
ADR
(e)
33,763
1,234
$
28,827
Investment
Companies
-
0
.07
%
VEF
AB
(e)
907,845
162
Iron
&
Steel
-
0
.73
%
Hunan
Valin
Steel
Co
Ltd
859,889
653
Severstal
PAO
(e)
31,471
—
Ternium
SA
ADR
26,429
1,022
$
1,675
Leisure
Products
&
Services
-
1
.55
%
Bajaj
Auto
Ltd
20,097
1,858
Leejam
Sports
Co
JSC
17,377
894
Yadea
Group
Holdings
Ltd
(d)
592,000
812
$
3,564
Lodging
-
0
.27
%
Galaxy
Entertainment
Group
Ltd
121,000
628
Machinery
-
Diversified
-
1
.25
%
Cummins
India
Ltd
38,459
1,063
NARI
Technology
Co
Ltd
309,329
903
WEG
SA
138,300
902
$
2,868
Metal
Fabrication
&
Hardware
-
0
.53
%
APL
Apollo
Tubes
Ltd
67,225
1,218
Mining
-
1
.29
%
Anglo
American
PLC
17,296
412
Gold
Fields
Ltd
117,143
1,729
Polyus
PJSC
(e)
343
—
Shandong
Gold
Mining
Co
Ltd
(d)
570,750
822
$
2,963
Miscellaneous
Manufacturers
-
0
.92
%
Airtac
International
Group
28,000
839
Elite
Material
Co
Ltd
53,000
779
Zhuzhou
CRRC
Times
Electric
Co
Ltd
199,700
490
$
2,108
Oil
&
Gas
-
3
.71
%
PRIO
SA/Brazil
134,800
1,199
Reliance
Industries
Ltd
77,111
2,649
Saudi
Arabian
Oil
Co
(d)
483,260
3,937
Thai
Oil
PCL
497,000
765
$
8,550
Pharmaceuticals
-
1
.27
%
Caplin
Point
Laboratories
Ltd
59,479
1,039
Grand
Pharmaceutical
Group
Ltd
1,050,000
454
Richter
Gedeon
Nyrt
30,403
820
Simcere
Pharmaceutical
Group
Ltd
(d)
926,000
617
$
2,930
Real
Estate
-
0
.92
%
China
Overseas
Land
&
Investment
Ltd
390,500
591
China
Resources
Land
Ltd
260,000
789
Multiplan
Empreendimentos
Imobiliarios
SA
131,500
738
$
2,118
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Retail
-
3
.06
%
El
Puerto
de
Liverpool
SAB
de
CV
119,358
$
837
Jumbo
SA
55,366
1,558
Mitra
Adiperkasa
Tbk
PT
8,069,700
1,000
Wal-Mart
de
Mexico
SAB
de
CV
624,200
2,578
Yum
China
Holdings
Inc
31,400
1,080
$
7,053
Semiconductors
-
19
.48
%
Alchip
Technologies
Ltd
10,000
1,240
ASML
Holding
NV
-
NY
Reg
Shares
2,091
1,819
ASPEED
Technology
Inc
8,000
786
Hana
Materials
Inc
15,436
543
MediaTek
Inc
71,000
2,191
Novatek
Microelectronics
Corp
61,300
999
Parade
Technologies
Ltd
23,000
816
Samsung
Electronics
Co
Ltd
246,933
13,418
SK
Hynix
Inc
28,990
2,903
Taiwan
Semiconductor
Manufacturing
Co
Ltd
1,005,685
20,132
$
44,847
Shipbuilding
-
0
.50
%
Yangzijiang
Shipbuilding
Holdings
Ltd
927,700
1,158
Software
-
1
.15
%
NetEase
Inc
135,925
2,642
Telecommunications
-
0
.73
%
Accton
Technology
Corp
70,000
1,177
ZTE
Corp
293,400
510
$
1,687
Textiles
-
0
.29
%
SLC
Agricola
SA
171,006
660
TOTAL
COMMON
STOCKS
$
222,758
PREFERRED
STOCKS
-
1
.65
%
Shares
Held
Value
(000's)
Automobile
Manufacturers
-
0
.44
%
Hyundai
Motor
Co
34,000.00%
11,539
$
1,020
Diversified
Financial
Services
-
0
.02
%
Fubon
Financial
Holding
Co
Ltd
1.80%
20,961
37
Oil
&
Gas
-
1
.19
%
Petroleo
Brasileiro
SA
0.97%
334,400
2,750
TOTAL
PREFERRED
STOCKS
$
3,807
Total
Investments
$
231,474
Other
Assets
and
Liabilities
- (0.56)%
(
1,291
)
TOTAL
NET
ASSETS
-
100.00%
$
230,183
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$91
or
0.04%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$15,466
or
6.72%
of
net
assets.
(e)
Non-income
producing
security
(f)
Security
or
a
portion
of
the
security
was
on
loan. At
the
end
of
the
period,
the
value
of
these
securities
totaled
$88
or
0.04%
of
net
assets.
Schedule
of
Investments
Global
Emerging
Markets
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
91
Portfolio
Summary
Location
Percent
China
19
.42
%
India
16
.52
%
Taiwan
15
.81
%
Korea,
Republic
Of
11
.74
%
Mexico
5
.95
%
Brazil
5
.50
%
Saudi
Arabia
4
.81
%
South
Africa
2
.85
%
Indonesia
2
.79
%
Hong
Kong
2
.53
%
United
States
2
.48
%
Ireland
1
.94
%
Greece
1
.79
%
Thailand
1
.15
%
United
Arab
Emirates
0
.90
%
Uruguay
0
.83
%
Netherlands
0
.79
%
Philippines
0
.54
%
Luxembourg
0
.45
%
Kuwait
0
.39
%
Hungary
0
.35
%
Vietnam
0
.30
%
Peru
0
.24
%
Poland
0
.24
%
United
Kingdom
0
.18
%
Sweden
0
.07
%
Russian
Federation
0
.00
%
Turkey
0
.00
%
Other
Assets
and
Liabilities
(
0
.56
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
8,768
$
17,960
$
21,910
$
4,818
$
8,768
$
17,960
$
21,910
$
4,818
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
84
$
—
$
—
$
—
$
84
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
Global
Real
Estate
Securities
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
92
INVESTMENT
COMPANIES
-
1
.00
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
1
.00
%
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(a),(b)
19,328,743
$
19,329
TOTAL
INVESTMENT
COMPANIES
$
19,329
COMMON
STOCKS
-
98
.29
%
Shares
Held
Value
(000's)
Engineering
&
Construction
-
0
.69
%
Cellnex
Telecom
SA
-
Rights
(c),(d)
346,480
$
13,332
Entertainment
-
0
.38
%
Marriott
Vacations
Worldwide
Corp
88,216
7,400
Private
Equity
-
1
.09
%
CapitaLand
Investment
Ltd/Singapore
9,578,400
21,027
Real
Estate
-
9
.36
%
Castellum
AB
(c)
1,103,211
14,203
Mitsui
Fudosan
Co
Ltd
1,528,793
38,378
Sumitomo
Realty
&
Development
Co
Ltd
1,226,400
38,569
Sun
Hung
Kai
Properties
Ltd
2,519,500
23,516
Vonovia
SE
1,449,399
45,152
Wharf
Real
Estate
Investment
Co
Ltd
1,016,000
2,977
Wihlborgs
Fastigheter
AB
1,978,953
17,691
$
180,486
REITs
-
86
.27
%
Aedifica
SA
125,529
8,180
Agree
Realty
Corp
310,762
18,524
Alexandria
Real
Estate
Equities
Inc
374,636
45,293
Allied
Properties
Real
Estate
Investment
Trust
1,037,394
15,062
American
Homes
4
Rent
1,305,568
45,760
American
Tower
Corp
225,063
44,034
Americold
Realty
Trust
Inc
766,695
21,084
Apartment
Income
REIT
Corp
508,127
16,611
AvalonBay
Communities
Inc
343,763
61,537
Big
Yellow
Group
PLC
622,681
9,004
Broadstone
Net
Lease
Inc
1,194,088
19,189
Canadian
Apartment
Properties
REIT
531,511
18,450
CapitaLand
Integrated
Commercial
Trust
10,830,318
16,145
Cousins
Properties
Inc
605,698
13,877
Daiwa
House
REIT
Investment
Corp
7,733
13,663
Digital
Realty
Trust
Inc
397,854
55,883
Equinix
Inc
97,003
80,490
Equity
Residential
178,027
10,715
Essex
Property
Trust
Inc
203,486
47,467
Extra
Space
Storage
Inc
520,497
75,181
First
Industrial
Realty
Trust
Inc
468,762
24,151
Gaming
and
Leisure
Properties
Inc
548,171
25,024
Gecina
SA
139,858
15,424
GLP
J-Reit
14,142
12,626
Goodman
Group
2,421,838
40,201
Healthcare
Realty
Trust
Inc
937,386
15,101
Industrial
&
Infrastructure
Fund
Investment
Corp
13,209
11,953
Inmobiliaria
Colonial
Socimi
SA
1,839,802
11,061
InterRent
Real
Estate
Investment
Trust
895,820
8,975
Invincible
Investment
Corp
23,745
9,762
Invitation
Homes
Inc
1,655,213
54,506
Japan
Hotel
REIT
Investment
Corp
26,874
13,810
Kilroy
Realty
Corp
363,558
13,001
Klepierre
SA
1,075,227
27,838
Link
REIT
6,499,144
32,598
Mapletree
Industrial
Trust
11,164,100
20,334
Mapletree
Logistics
Trust
9,721,611
11,179
Merlin
Properties
Socimi
SA
1,780,065
18,127
National
Storage
REIT
5,865,848
8,797
Nippon
Accommodations
Fund
Inc
1,383
5,758
Nippon
Building
Fund
Inc
4,743
19,191
NNN
REIT
Inc
414,820
16,734
Prologis
Inc
734,268
93,024
Prologis
Property
Mexico
SA
de
CV
1,267,576
5,214
Realty
Income
Corp
38,623
2,101
Regency
Centers
Corp
478,117
29,964
Retail
Opportunity
Investments
Corp
713,900
9,702
Rexford
Industrial
Realty
Inc
941,040
49,489
Ryman
Hospitality
Properties
Inc
163,345
17,952
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
REITs
(continued)
Sabra
Health
Care
REIT
Inc
1,521,964
$
20,303
Safestore
Holdings
PLC
1,480,429
15,417
Saul
Centers
Inc
90,139
3,449
Scentre
Group
3,879,362
7,712
Segro
PLC
3,732,647
41,455
Sekisui
House
Reit
Inc
24,510
13,037
Stockland
10,762,855
31,784
Sun
Communities
Inc
323,811
40,590
Terreno
Realty
Corp
170,234
10,168
Unibail-Rodamco-Westfield
(c)
8,756
627
UNITE
Group
PLC/The
1,159,819
14,818
Ventas
Inc
1,448,889
67,214
VICI
Properties
Inc
1,863,831
56,139
Welltower
Inc
940,883
81,396
$
1,663,855
Telecommunications
-
0
.50
%
NEXTDC
Ltd
(c)
1,069,934
9,686
TOTAL
COMMON
STOCKS
$
1,895,786
Total
Investments
$
1,915,115
Other
Assets
and
Liabilities
- 0.71%
13,629
TOTAL
NET
ASSETS
-
100.00%
$
1,928,744
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
1-day
yield
shown
is
as
of
period
end.
(c)
Non-income
producing
security
(d)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$13,332
or
0.69%
of
net
assets.
Portfolio
Summary
Location
Percent
United
States
62
.84
%
Japan
9
.18
%
Australia
5
.09
%
United
Kingdom
4
.19
%
Singapore
3
.56
%
Hong
Kong
3
.06
%
Germany
2
.34
%
France
2
.27
%
Canada
2
.21
%
Spain
2
.20
%
Sweden
1
.66
%
Belgium
0
.42
%
Mexico
0
.27
%
Other
Assets
and
Liabilities
0
.71
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
Global
Real
Estate
Securities
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
93
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
2
$
144,381
$
125,054
$
19,329
$
2
$
144,381
$
125,054
$
19,329
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
210
$
—
$
—
$
—
$
210
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
Government
&
High
Quality
Bond
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
94
INVESTMENT
COMPANIES
-
2
.06
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
2
.06
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
5.21%
(a),(b)
80
$
—
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(a),(c)
13,840,059
13,840
$
13,840
TOTAL
INVESTMENT
COMPANIES
$
13,840
BONDS
-
16
.49
%
Principal
Amount
(000's)
Value
(000's)
Automobile
Asset
Backed
Securities
-
4
.64
%
Americredit
Automobile
Receivables
Trust
2023-1
5.84%,
10/19/2026
$
771
$
772
AmeriCredit
Automobile
Receivables
Trust
2023-2
6.19%,
04/19/2027
5,135
5,155
GM
Financial
Automobile
Leasing
Trust
2023-3
5.80%,
01/20/2026
5,203
5,202
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.45%
Santander
Drive
Auto
Receivables
Trust
2022-7
5.81%,
01/15/2026
889
889
Santander
Drive
Auto
Receivables
Trust
2024-1
5.71%,
02/16/2027
3,035
3,036
Tesla
Electric
Vehicle
Trust
2023-1
5.54%,
12/21/2026
(d)
4,750
4,763
Toyota
Auto
Loan
Extended
Note
Trust
2019-1
2.56%,
11/25/2031
(d)
6,195
6,132
Toyota
Auto
Receivables
2023-C
Owner
Trust
5.60%,
08/17/2026
5,235
5,245
$
31,194
Commercial
Mortgage
Backed
Securities
-
0
.10
%
Ginnie
Mae
0.44%,
06/16/2057
(e),(f)
3,625
72
0.58%,
03/16/2060
(e),(f)
8,901
339
0.62%,
07/16/2060
(e),(f)
6,646
274
$
685
Credit
Card
Asset
Backed
Securities
-
2
.97
%
American
Express
Credit
Account
Master
Trust
0.90%,
11/15/2026
6,144
5,941
Barclays
Dryrock
Issuance
Trust
0.63%,
07/15/2027
2,935
2,851
Capital
One
Multi-Asset
Execution
Trust
1.04%,
11/15/2026
7,500
7,260
Citibank
Credit
Card
Issuance
Trust
6.07%,
04/22/2026
3,925
3,930
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.73%
$
19,982
Mortgage
Backed
Securities
-
7
.65
%
Citigroup
Mortgage
Loan
Trust
2015-PS1
5.25%,
09/25/2042
(d),(f)
3,505
3,462
CSMC
Trust
2015-1
3.90%,
01/25/2045
(d),(f)
2,545
2,413
Fannie
Mae
Interest
Strip
3.50%,
12/25/2043
(e),(f)
1,481
205
Fannie
Mae
REMICS
0.00%,
06/25/2045
(e),(g)
4,548
185
1.00
x
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
0.00%
0.54%,
09/25/2046
(e)
11,797
1,388
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.89%
0.54%,
05/25/2050
(e)
13,926
1,588
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.89%
0.59%,
08/25/2049
(e)
19,437
2,142
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.94%
0.59%,
09/25/2049
(e)
5,246
635
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.94%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Mortgage
Backed
Securities
(continued)
Fannie
Mae
REMICS
(continued)
0.59%,
11/25/2049
(e)
$
9,150
$
1,042
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.94%
0.61%,
06/25/2050
(e)
7,948
895
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.96%
2.50%,
02/25/2028
(e)
2,491
83
3.00%,
07/25/2032
(e)
3,511
245
3.00%,
10/25/2040
(e)
1,260
35
3.00%,
04/25/2042
679
657
3.00%,
05/25/2048
797
701
3.00%,
01/25/2051
(e)
11,990
1,950
3.50%,
02/25/2036
(e)
2,421
221
3.50%,
02/25/2043
(e)
1,270
30
3.50%,
02/25/2043
162
158
3.50%,
07/25/2043
(e)
3,759
276
3.50%,
08/25/2045
1,020
999
6.06%,
04/25/2027
2
2
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.71%
7.00%,
04/25/2032
309
321
Freddie
Mac
REMICS
0.59%,
10/25/2049
(e)
14,141
1,640
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.94%
0.59%,
11/25/2049
(e)
6,128
691
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.94%
0.59%,
03/25/2050
(e)
10,264
1,153
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.94%
0.64%,
08/25/2050
(e)
8,377
1,073
(1.00)
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
5.99%
3.00%,
04/15/2046
846
774
4.00%,
11/15/2042
(e)
1,446
206
4.00%,
11/15/2045
553
534
6.50%,
08/15/2027
12
12
Ginnie
Mae
0.65%,
06/20/2046
(e)
2,054
243
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.99%
0.75%,
10/20/2045
(e)
4,678
581
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.09%
0.75%,
11/20/2047
(e)
3,320
431
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.09%
0.85%,
08/20/2050
(e)
11,918
1,568
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.19%
0.85%,
07/20/2051
(e)
8,616
1,174
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.19%
0.85%,
08/20/2051
(e)
9,728
1,367
(1.00)
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.19%
3.00%,
07/20/2050
(e)
7,113
1,078
3.00%,
10/20/2050
(e)
9,938
1,578
3.00%,
11/20/2050
(e)
11,993
1,882
3.00%,
11/20/2050
(e)
19,338
3,092
3.00%,
12/20/2050
(e)
7,748
1,228
3.50%,
01/20/2043
(e)
6,694
1,066
3.50%,
10/20/2049
(e)
11,500
2,002
4.00%,
04/20/2044
(e)
1,465
102
4.00%,
01/20/2046
(e)
1,420
77
Schedule
of
Investments
Government
&
High
Quality
Bond
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
95
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Mortgage
Backed
Securities
(continued)
JP
Morgan
Mortgage
Trust
2016-4
3.50%,
10/25/2046
(d),(f)
$
661
$
589
New
Residential
Mortgage
Loan
Trust
2015-2
5.36%,
08/25/2055
(d),(f)
3,343
3,235
NRP
Mortgage
Trust
2013-1
3.28%,
07/25/2043
(d),(f)
1,989
1,486
Sequoia
Mortgage
Trust
2013-2
3.63%,
02/25/2043
(f)
1,112
1,058
Sequoia
Mortgage
Trust
2017-3
3.75%,
04/25/2047
(d),(f)
1,887
1,705
Sequoia
Mortgage
Trust
2017-5
3.50%,
08/25/2047
(d),(f)
196
172
$
51,430
Other
Asset
Backed
Securities
-
1
.13
%
HPEFS
Equipment
Trust
2022-2
3.15%,
09/20/2029
(d)
1,066
1,064
Verizon
Master
Trust
1.53%,
07/20/2028
6,775
6,543
$
7,607
TOTAL
BONDS
$
110,898
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
-
94
.34
%
Principal
Amount
(000's)
Value
(000's)
Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
-
6
.00
%
2.50%,
08/01/2027
$
249
$
240
3.00%,
02/01/2027
571
557
3.00%,
04/01/2035
770
725
3.00%,
03/01/2037
1,651
1,537
3.00%,
10/01/2042
2,950
2,692
3.00%,
05/01/2043
1,100
1,000
3.00%,
07/01/2045
2,760
2,501
3.00%,
10/01/2046
3,869
3,510
3.50%,
11/01/2026
339
331
3.50%,
02/01/2032
1,141
1,102
3.50%,
04/01/2032
1,083
1,045
3.50%,
04/01/2042
2,490
2,334
3.50%,
07/01/2042
3,180
2,981
3.50%,
08/01/2043
2,099
1,962
3.50%,
02/01/2044
2,163
2,009
3.50%,
11/01/2046
1,869
1,734
4.00%,
12/01/2041
1,816
1,756
4.00%,
07/01/2042
1,497
1,448
4.00%,
09/15/2042
538
523
4.00%,
10/01/2045
3,226
3,111
4.50%,
04/01/2041
1,962
1,955
5.00%,
10/01/2025
5
5
5.00%,
12/01/2032
9
9
5.00%,
02/01/2033
118
119
5.00%,
01/01/2034
1,259
1,272
5.00%,
05/01/2034
22
22
5.00%,
07/01/2035
1
2
5.00%,
07/01/2035
12
12
5.00%,
10/01/2035
2
2
5.00%,
11/01/2035
117
119
5.00%,
07/01/2044
990
1,001
5.00%,
03/01/2048
1,854
1,881
5.50%,
05/01/2033
2
2
5.50%,
10/01/2033
5
5
5.50%,
12/01/2033
103
106
5.50%,
07/01/2037
6
6
5.50%,
04/01/2038
2
2
5.50%,
05/01/2038
10
10
6.00%,
06/01/2028
2
2
6.00%,
05/01/2031
27
28
6.00%,
10/01/2031
1
1
6.00%,
02/01/2032
8
8
6.00%,
11/01/2033
125
130
6.00%,
09/01/2034
21
22
6.00%,
02/01/2035
10
11
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
(continued)
6.00%,
10/01/2036
$
15
$
15
6.00%,
03/01/2037
37
38
6.00%,
05/01/2037
56
59
6.00%,
03/01/2038
20
20
6.00%,
04/01/2038
29
30
6.00%,
07/01/2038
53
55
6.00%,
10/01/2038
28
29
6.23%,
10/01/2032
1
1
1.00
x
Refinitiv
USD
IBOR
Consumer
Cash
Fallback
12-Month
+
1.98%
6.50%,
03/01/2029
9
9
6.50%,
04/01/2031
24
25
6.50%,
10/01/2031
17
18
6.50%,
02/01/2032
3
3
6.50%,
04/01/2032
2
2
6.50%,
04/01/2035
2
2
7.00%,
01/01/2028
54
56
7.00%,
06/01/2029
21
22
7.00%,
04/01/2031
14
14
7.00%,
10/01/2031
33
34
7.00%,
04/01/2032
49
51
7.50%,
12/01/2030
2
2
7.50%,
02/01/2031
4
4
8.50%,
07/01/2029
45
45
$
40,364
Federal
National
Mortgage
Association
(FNMA)
-
0
.46
%
3.00%,
04/01/2043
2,774
2,483
5.50%,
05/01/2033
35
35
5.94%,
12/01/2033
14
14
1.00
x
Refinitiv
USD
IBOR
Consumer
Cash
Fallback
12-Month
+
1.69%
6.00%,
01/01/2032
54
54
6.00%,
04/01/2033
64
65
6.00%,
09/01/2034
134
135
6.50%,
06/01/2031
25
25
6.50%,
11/01/2032
154
155
6.50%,
11/01/2032
59
59
7.00%,
08/01/2028
14
14
7.00%,
12/01/2028
19
19
7.00%,
07/01/2029
13
13
7.00%,
07/01/2032
14
14
7.50%,
12/01/2024
6
7
7.50%,
02/01/2030
6
6
$
3,098
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
-
55
.95
%
2.00%,
08/01/2028
584
554
2.00%,
11/01/2035
7,472
6,755
2.00%,
03/01/2051
12,440
10,245
2.00%,
11/01/2051
10,287
8,419
2.00%,
11/01/2051
8,786
7,110
2.00%,
12/01/2051
17,268
14,134
2.00%,
12/01/2051
17,580
14,385
2.00%,
01/01/2052
14,589
11,901
2.00%,
01/01/2052
11,788
9,666
2.00%,
02/01/2052
11,377
9,400
2.00%,
02/01/2052
13,887
11,363
2.50%,
06/01/2027
837
808
2.50%,
05/01/2028
463
444
2.50%,
08/01/2028
599
575
2.50%,
03/01/2030
1,869
1,777
2.50%,
12/01/2031
2,780
2,624
2.50%,
08/01/2035
6,320
5,881
2.50%,
02/01/2051
8,131
6,990
2.50%,
07/01/2051
11,882
10,109
2.50%,
11/01/2051
5,884
5,026
2.50%,
12/01/2051
6,168
5,258
2.50%,
12/01/2051
13,127
11,302
Schedule
of
Investments
Government
&
High
Quality
Bond
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
96
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
(continued)
2.50%,
12/01/2051
$
14,664
$
12,559
2.50%,
01/01/2052
12,567
10,771
2.50%,
02/01/2052
12,251
10,428
3.00%,
01/01/2030
119
115
3.00%,
08/01/2031
2,580
2,474
3.00%,
10/01/2036
2,624
2,447
3.00%,
12/01/2042
2,807
2,547
3.00%,
01/01/2043
2,453
2,226
3.00%,
07/01/2045
1,139
1,027
3.00%,
01/01/2046
2,539
2,293
3.00%,
07/01/2046
2,806
2,511
3.00%,
10/01/2046
3,262
2,923
3.00%,
12/01/2046
3,477
3,106
3.00%,
08/01/2049
1,520
1,347
3.00%,
07/01/2050
5,584
4,921
3.00%,
08/01/2050
4,389
3,866
3.00%,
09/01/2050
7,209
6,383
3.00%,
03/01/2052
3,805
3,377
3.50%,
08/01/2031
1,387
1,350
3.50%,
06/01/2039
1,306
1,234
3.50%,
06/01/2042
1,031
964
3.50%,
11/01/2042
1,988
1,861
3.50%,
02/01/2043
947
886
3.50%,
05/01/2043
1,354
1,266
3.50%,
03/01/2045
2,064
1,929
3.50%,
03/01/2045
1,043
970
3.50%,
09/01/2045
1,985
1,856
3.50%,
11/01/2048
6,523
6,124
3.50%,
12/01/2049
1,044
976
3.50%,
03/01/2050
8,309
7,803
4.00%,
01/01/2034
404
395
4.00%,
10/01/2037
1,700
1,656
4.00%,
09/01/2040
849
817
4.00%,
02/01/2042
818
787
4.00%,
03/01/2043
1,282
1,234
4.00%,
08/01/2044
1,614
1,559
4.00%,
11/01/2044
1,281
1,237
4.00%,
07/01/2045
2,087
2,016
4.00%,
08/01/2045
2,382
2,300
4.00%,
08/01/2046
3,703
3,563
4.00%,
07/01/2047
3,455
3,337
4.00%,
10/01/2047
2,627
2,531
4.00%,
02/01/2048
2,960
2,856
4.50%,
09/01/2025
100
100
4.50%,
08/01/2039
1,087
1,081
4.50%,
09/01/2043
1,769
1,760
4.50%,
09/01/2043
2,356
2,344
4.50%,
11/01/2043
2,146
2,123
4.50%,
10/01/2044
1,508
1,501
4.50%,
12/01/2044
3,107
3,091
4.50%,
05/01/2045
1,454
1,447
4.50%,
09/01/2045
1,886
1,870
4.50%,
10/01/2045
2,744
2,730
4.50%,
11/01/2045
3,710
3,678
5.00%,
01/01/2026
6
6
5.00%,
04/01/2035
60
60
5.00%,
05/01/2035
23
23
5.00%,
07/01/2035
9
9
5.00%,
02/01/2038
886
896
5.00%,
03/01/2038
478
483
5.00%,
02/01/2040
2,466
2,519
5.00%,
05/01/2040
988
1,000
5.00%,
07/01/2040
541
545
5.00%,
07/01/2041
2,668
2,700
5.00%,
02/01/2044
1,256
1,271
5.00%,
06/01/2044
1,170
1,181
5.00%,
05/01/2048
2,036
2,063
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
(continued)
5.50%,
06/01/2026
$
7
$
7
5.50%,
07/01/2033
210
216
5.50%,
02/01/2037
1
1
5.50%,
12/01/2037
359
369
5.50%,
03/01/2038
74
76
5.50%,
07/01/2053
6,717
6,892
5.50%,
11/01/2053
6,668
6,752
5.50%,
11/01/2053
6,435
6,489
5.50%,
02/01/2054
(h)
1,775
1,780
6.00%,
03/01/2029
11
11
6.00%,
12/01/2031
1
1
6.00%,
11/01/2032
5
5
6.00%,
11/01/2037
9
10
6.00%,
02/01/2038
29
31
6.00%,
03/01/2038
25
26
6.00%,
04/01/2039
149
155
6.00%,
02/01/2054
(h)
21,300
21,592
6.50%,
08/01/2028
7
7
6.50%,
03/01/2029
11
12
6.50%,
06/01/2031
44
46
6.50%,
12/01/2031
1
2
6.50%,
01/01/2032
22
22
6.50%,
04/01/2032
4
4
6.50%,
08/01/2032
30
31
6.50%,
02/01/2033
38
39
6.50%,
04/01/2036
2
2
6.50%,
08/01/2036
8
8
6.50%,
08/01/2036
15
15
6.50%,
10/01/2036
12
13
6.50%,
11/01/2036
8
9
6.50%,
07/01/2037
8
8
6.50%,
07/01/2037
2
2
6.50%,
08/01/2037
13
13
6.50%,
08/01/2037
138
146
6.50%,
02/01/2038
10
11
6.50%,
02/01/2054
(h)
15,000
15,355
7.00%,
11/01/2031
50
52
7.50%,
08/01/2032
4
4
$
376,249
Government
National
Mortgage
Association
(GNMA)
-
29
.10
%
2.00%,
08/20/2050
3,953
3,295
2.00%,
02/20/2051
15,551
12,963
2.50%,
06/20/2050
15,894
13,812
3.00%,
11/15/2042
1,311
1,198
3.00%,
12/15/2042
1,622
1,481
3.00%,
02/15/2043
2,331
2,130
3.00%,
07/20/2045
4,646
4,217
3.00%,
08/20/2046
3,373
3,052
3.00%,
09/20/2046
3,320
2,988
3.00%,
09/20/2046
4,085
3,695
3.00%,
11/20/2046
1,947
1,749
3.00%,
02/20/2047
2,722
2,461
3.00%,
08/20/2047
1,605
1,449
3.00%,
11/15/2047
3,896
3,582
3.50%,
08/20/2042
1,671
1,550
3.50%,
05/15/2043
2,927
2,769
3.50%,
06/20/2043
2,147
1,994
3.50%,
08/15/2043
2,632
2,490
3.50%,
04/20/2045
1,410
1,314
3.50%,
02/20/2047
1,127
1,055
3.50%,
05/20/2047
6,007
5,762
3.50%,
10/20/2047
1,930
1,805
3.50%,
11/20/2047
1,841
1,763
4.00%,
08/15/2041
1,156
1,120
4.00%,
09/15/2041
2,474
2,385
4.00%,
03/15/2044
1,571
1,522
4.00%,
10/20/2044
1,447
1,388
Schedule
of
Investments
Government
&
High
Quality
Bond
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
97
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Government
National
Mortgage
Association
(GNMA)
(continued)
4.00%,
01/20/2048
$
7,019
$
6,753
4.50%,
08/20/2048
1,471
1,450
4.50%,
09/20/2052
6,398
6,231
5.00%,
02/15/2034
42
42
5.00%,
10/15/2039
999
1,018
5.00%,
12/20/2052
3,303
3,284
5.00%,
04/20/2053
14,565
14,467
5.50%,
07/20/2033
353
366
5.50%,
03/20/2034
375
390
5.50%,
05/20/2035
36
38
5.50%,
03/20/2053
7,661
7,711
5.50%,
08/20/2053
14,830
14,926
6.00%,
04/20/2026
7
8
6.00%,
10/20/2028
1
1
6.00%,
02/20/2029
15
15
6.00%,
02/15/2033
9
9
6.00%,
07/20/2033
294
307
6.00%,
08/15/2038
26
27
6.00%,
02/20/2054
(h)
21,200
21,523
6.50%,
03/15/2026
1
2
6.50%,
07/20/2026
1
1
6.50%,
10/20/2028
2
2
6.50%,
03/20/2031
16
17
6.50%,
04/20/2031
14
15
6.50%,
10/15/2031
5
5
6.50%,
07/15/2032
1
2
6.50%,
05/20/2034
222
229
6.50%,
02/20/2054
(h)
22,150
22,639
7.00%,
10/15/2027
3
3
7.00%,
04/15/2028
1
2
7.00%,
06/15/2028
38
38
7.00%,
12/15/2028
18
18
7.00%,
01/15/2029
20
20
7.00%,
03/15/2029
12
12
7.00%,
04/15/2029
45
45
7.00%,
05/15/2031
2
2
7.00%,
02/20/2054
(h)
8,800
9,043
7.50%,
06/15/2027
2
2
7.50%,
08/15/2029
7
7
7.50%,
10/15/2029
10
10
8.00%,
12/15/2030
2
2
$
195,671
U.S.
Treasury
Bill
-
2
.83
%
5.24%,
05/02/2024
(i)
7,100
7,006
5.35%,
04/18/2024
(i)
12,150
12,015
$
19,021
TOTAL
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
$
634,403
Total
Investments
$
759,141
Other
Assets
and
Liabilities
- (12.89)%
(
86,665
)
TOTAL
NET
ASSETS
-
100.00%
$
672,476
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$0
or
0.00%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$25,021
or
3.72%
of
net
assets.
(e)
Security
is
an
Interest
Only
Strip.
(f)
Certain
variable
rate
securities
are
not
based
on
a
published
reference
rate
and
spread
but
are
determined
by
the
issuer
or
agent
and
are
based
on
current
market
conditions. These
securities
do
not
indicate
a
reference
rate
and
spread
in
their
description.
Rate
shown
is
the
rate
in
effect
as
of
period
end.
(g)
Non-income
producing
security
(h)
Security
was
purchased
in
a
"to-be-announced"
("TBA")
transaction.
(i)
Rate
shown
is
the
discount
rate
of
the
original
purchase.
Portfolio
Summary
Sector
Percent
Mortgage
Securities
99
.26
%
Asset
Backed
Securities
8
.74
%
Government
2
.83
%
Money
Market
Funds
2
.06
%
Other
Assets
and
Liabilities
(
12
.89
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
3,773
$
60,828
$
50,761
$
13,840
$
3,773
$
60,828
$
50,761
$
13,840
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
168
$
—
$
—
$
—
$
168
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
Government
&
High
Quality
Bond
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
98
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
US
10
Year
Note;
March
2024
Long
161
$
18,085
$
403
US
5
Year
Note;
March
2024
Short
100
10,839
(
101
)
US
Long
Bond;
March
2024
Long
250
30,586
1,546
Total
$
1,848
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
High
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
99
INVESTMENT
COMPANIES
-
6
.29
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
6
.29
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
5.21%
(a),(b)
34,771,366
$
34,771
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(a),(b),(c)
177,343,273
177,343
$
212,114
TOTAL
INVESTMENT
COMPANIES
$
212,114
COMMON
STOCKS
-
0
.36
%
Shares
Held
Value
(000's)
Distribution
&
Wholesale
-
0
.08
%
ATD
New
Holdings
Inc
(d),(e)
101,514
$
2,690
Electric
-
0
.00
%
Vistra
Energy
Corp
-
Rights
(d),(e)
164,087
—
Leisure
Products
&
Services
-
0
.00
%
CWT
Travel
Holdings
Inc
-
Class
A
Warrants
(d),(e)
28,222
—
CWT
Travel
Holdings
Inc
-
Class
B
Warrants
(d),(e)
29,708
—
$
—
Mining
-
0
.08
%
Arctic
Canadian
Diamond
Co
Ltd
(d),(e),(f)
5,247
1,469
Burgundy
Diamond
Mines
Ltd
(d)
9,531,558
1,118
$
2,587
Miscellaneous
Manufacturers
-
0
.20
%
Utex
Industries
(d)
111,195
6,820
Utex
Industries
-
Warrants
(d),(e)
51,625
5
$
6,825
Oil
&
Gas
-
0
.00
%
Sabine
Oil
&
Gas
Holdings
Inc
(d),(e)
246
—
Software
-
0
.00
%
Skillsoft
Corp
(d)
9,468
133
Telecommunications
-
0
.00
%
Goodman
Networks
Inc
(d),(e)
15,207
—
TOTAL
COMMON
STOCKS
$
12,235
PREFERRED
STOCKS
-
0
.00
%
Shares
Held
Value
(000's)
Telecommunications
-
0
.00
%
Goodman
Networks
Inc
0.00%
(d),(e)
18,092
$
—
TOTAL
PREFERRED
STOCKS
$
—
BONDS
-
88
.81
%
Principal
Amount
(000's)
Value
(000's)
Advertising
-
1
.01
%
Advantage
Sales
&
Marketing
Inc
6.50%,
11/15/2028
(g)
$
1,665
$
1,566
Clear
Channel
International
BV
6.63%,
08/01/2025
(g),(h)
150
150
Clear
Channel
Outdoor
Holdings
Inc
5.13%,
08/15/2027
(g)
1,028
968
7.50%,
06/01/2029
(g)
1,245
1,029
7.75%,
04/15/2028
(g)
1,020
884
9.00%,
09/15/2028
(g),(h)
2,050
2,131
CMG
Media
Corp
8.88%,
12/15/2027
(g)
1,333
1,040
Lamar
Media
Corp
3.63%,
01/15/2031
15
13
3.75%,
02/15/2028
671
624
4.00%,
02/15/2030
638
584
4.88%,
01/15/2029
1,200
1,161
Outfront
Media
Capital
LLC
/
Outfront
Media
Capital
Corp
4.25%,
01/15/2029
(g)
9,670
8,619
4.63%,
03/15/2030
(g),(h)
5,374
4,757
5.00%,
08/15/2027
(g)
9,991
9,563
7.38%,
02/15/2031
(g)
610
639
Stagwell
Global
LLC
5.63%,
08/15/2029
(g)
200
183
Summer
BC
Bidco
B
LLC
5.50%,
10/31/2026
(g)
200
193
$
34,104
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Aerospace
&
Defense
-
2
.46
%
Bombardier
Inc
6.00%,
02/15/2028
(g),(h)
$
500
$
487
7.13%,
06/15/2026
(g)
854
861
7.45%,
05/01/2034
(g)
10
11
7.50%,
02/01/2029
(g),(h)
1,236
1,260
7.88%,
04/15/2027
(g)
1,184
1,183
8.75%,
11/15/2030
(g)
217
228
F-Brasile
SpA
/
F-Brasile
US
LLC
7.38%,
08/15/2026
(g)
8,319
8,226
Moog
Inc
4.25%,
12/15/2027
(g)
10
9
Rolls-Royce
PLC
3.63%,
10/14/2025
(g)
2,035
1,961
5.75%,
10/15/2027
(g)
707
707
Spirit
AeroSystems
Inc
4.60%,
06/15/2028
(h)
13
11
9.38%,
11/30/2029
(g)
1,725
1,869
TransDigm
Inc
4.63%,
01/15/2029
2,839
2,655
4.88%,
05/01/2029
16,483
15,406
5.50%,
11/15/2027
9,158
8,910
6.25%,
03/15/2026
(g)
15,933
15,824
6.75%,
08/15/2028
(g)
6,922
7,035
6.88%,
12/15/2030
(g)
2,605
2,666
7.13%,
12/01/2031
(g)
7,155
7,457
7.50%,
03/15/2027
4,150
4,161
Triumph
Group
Inc
7.75%,
08/15/2025
16
16
9.00%,
03/15/2028
(g)
2,000
2,110
$
83,053
Agriculture
-
0
.17
%
Darling
Ingredients
Inc
6.00%,
06/15/2030
(g)
3,530
3,508
Turning
Point
Brands
Inc
5.63%,
02/15/2026
(g)
400
389
Vector
Group
Ltd
5.75%,
02/01/2029
(g)
1,426
1,315
10.50%,
11/01/2026
(g)
590
592
$
5,804
Airlines
-
1
.23
%
Air
Canada
3.88%,
08/15/2026
(g)
5,939
5,649
Air
Canada
2020-1
Class
C
Pass
Through
Trust
10.50%,
07/15/2026
(g)
290
315
Allegiant
Travel
Co
7.25%,
08/15/2027
(g)
598
584
American
Airlines
2013-1
Class
A
Pass
Through
Trust
4.00%,
01/15/2027
750
721
American
Airlines
Inc
7.25%,
02/15/2028
(g),(h)
521
528
8.50%,
05/15/2029
(g)
725
768
American
Airlines
Inc/AAdvantage
Loyalty
IP
Ltd
5.50%,
04/20/2026
(g)
2,291
2,266
5.75%,
04/20/2029
(g)
9,290
9,123
Delta
Air
Lines
Inc
3.75%,
10/28/2029
510
469
4.38%,
04/19/2028
120
116
7.38%,
01/15/2026
880
911
Hawaiian
Airlines
2013-1
Class
A
Pass
Through
Certificates
3.90%,
07/15/2027
119
111
Hawaiian
Brand
Intellectual
Property
Ltd
/
HawaiianMiles
Loyalty
Ltd
5.75%,
01/20/2026
(g)
4,472
4,208
Spirit
Loyalty
Cayman
Ltd
/
Spirit
IP
Cayman
Ltd
8.00%,
09/20/2025
(g)
588
384
8.00%,
09/20/2025
(g)
702
458
Schedule
of
Investments
High
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
100
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Airlines
(continued)
United
Airlines
Inc
4.38%,
04/15/2026
(g)
$
3,351
$
3,233
4.63%,
04/15/2029
(g)
3,190
2,951
VistaJet
Malta
Finance
PLC
/
Vista
Management
Holding
Inc
6.38%,
02/01/2030
(g),(h)
3,260
2,359
7.88%,
05/01/2027
(g),(h)
700
585
9.50%,
06/01/2028
(g),(h)
6,688
5,667
$
41,406
Apparel
-
0
.56
%
Crocs
Inc
4.13%,
08/15/2031
(g)
10
8
4.25%,
03/15/2029
(g)
10
9
Hanesbrands
Inc
4.88%,
05/15/2026
(g),(h)
2,725
2,628
9.00%,
02/15/2031
(g),(h)
12,415
12,516
Kontoor
Brands
Inc
4.13%,
11/15/2029
(g)
804
730
Levi
Strauss
&
Co
3.50%,
03/01/2031
(g),(h)
18
16
Under
Armour
Inc
3.25%,
06/15/2026
800
753
William
Carter
Co/The
5.63%,
03/15/2027
(g)
1,466
1,439
Wolverine
World
Wide
Inc
4.00%,
08/15/2029
(g),(h)
1,150
927
$
19,026
Automobile
Manufacturers
-
0
.90
%
Allison
Transmission
Inc
3.75%,
01/30/2031
(g)
1,440
1,260
4.75%,
10/01/2027
(g)
1,170
1,125
5.88%,
06/01/2029
(g)
726
722
Aston
Martin
Capital
Holdings
Ltd
10.50%,
11/30/2025
(g)
1,714
1,731
Ford
Motor
Credit
Co
LLC
3.82%,
11/02/2027
2,800
2,628
4.00%,
11/13/2030
14,075
12,554
4.13%,
08/17/2027
1,550
1,472
5.11%,
05/03/2029
1,050
1,020
7.20%,
06/10/2030
2,150
2,286
Jaguar
Land
Rover
Automotive
PLC
4.50%,
10/01/2027
(g)
525
497
5.50%,
07/15/2029
(g),(h)
534
512
5.88%,
01/15/2028
(g)
1,142
1,122
7.75%,
10/15/2025
(g)
870
878
JB
Poindexter
&
Co
Inc
8.75%,
12/15/2031
(g)
1,085
1,111
PM
General
Purchaser
LLC
9.50%,
10/01/2028
(g)
675
683
Wabash
National
Corp
4.50%,
10/15/2028
(g)
913
831
$
30,432
Automobile
Parts
&
Equipment
-
1
.45
%
Adient
Global
Holdings
Ltd
4.88%,
08/15/2026
(g)
570
556
7.00%,
04/15/2028
(g)
140
143
8.25%,
04/15/2031
(g)
865
914
American
Axle
&
Manufacturing
Inc
5.00%,
10/01/2029
350
306
6.50%,
04/01/2027
(h)
995
992
Clarios
Global
LP
/
Clarios
US
Finance
Co
6.25%,
05/15/2026
(g)
9,209
9,134
6.75%,
05/15/2028
(g)
1,115
1,130
8.50%,
05/15/2027
(g)
3,242
3,233
Dana
Financing
Luxembourg
Sarl
5.75%,
04/15/2025
(g)
354
353
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Automobile
Parts
&
Equipment
(continued)
Dana
Inc
4.25%,
09/01/2030
$
372
$
325
4.50%,
02/15/2032
530
456
5.38%,
11/15/2027
428
418
5.63%,
06/15/2028
1,195
1,157
Dornoch
Debt
Merger
Sub
Inc
6.63%,
10/15/2029
(g)
14,654
13,302
Goodyear
Tire
&
Rubber
Co/The
4.88%,
03/15/2027
1,517
1,463
5.00%,
07/15/2029
(h)
10
9
5.25%,
04/30/2031
(h)
577
525
5.25%,
07/15/2031
(h)
699
636
5.63%,
04/30/2033
500
452
7.00%,
03/15/2028
92
93
IHO
Verwaltungs
GmbH
4.75%,
PIK
5.50%;
09/15/2026
(g),(i),(j)
25
24
6.00%,
PIK
6.75%;
05/15/2027
(g),(i),(j)
105
104
6.38%,
PIK
7.13%;
05/15/2029
(g),(i),(j)
825
820
Real
Hero
Merger
Sub
2
Inc
6.25%,
02/01/2029
(g),(h)
8,157
7,077
Tenneco
Inc
8.00%,
11/17/2028
(g)
3,249
2,830
Titan
International
Inc
7.00%,
04/30/2028
583
581
ZF
North
America
Capital
Inc
4.75%,
04/29/2025
(g)
800
788
7.13%,
04/14/2030
(g)
1,100
1,160
$
48,981
Banks
-
0
.40
%
Banc
of
California
3.25%,
05/01/2031
(k)
1,295
1,162
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.52%
Dresdner
Funding
Trust
I
8.15%,
06/30/2031
(g),(h)
894
991
Freedom
Mortgage
Corp
6.63%,
01/15/2027
(g)
320
307
7.63%,
05/01/2026
(g)
300
299
12.00%,
10/01/2028
(g)
1,570
1,723
12.25%,
10/01/2030
(g)
10
11
Intesa
Sanpaolo
SpA
4.20%,
06/01/2032
(g),(k)
1,720
1,424
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.60%
4.95%,
06/01/2042
(g),(k)
170
124
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.75%
5.71%,
01/15/2026
(g)
2,010
2,003
Texas
Capital
Bancshares
Inc
4.00%,
05/06/2031
(k)
221
204
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.15%
UniCredit
SpA
5.46%,
06/30/2035
(g),(k)
1,645
1,543
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.75%
5.86%,
06/19/2032
(g),(k)
1,000
980
USD
Swap
Rate
NY
5
Year
+
3.70%
7.30%,
04/02/2034
(g),(k)
1,430
1,479
USD
Swap
Rate
NY
5
Year
+
4.91%
Valley
National
Bancorp
3.00%,
06/15/2031
(k)
146
125
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.36%
6.25%,
09/30/2032
(k)
170
143
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.78%
Schedule
of
Investments
High
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
101
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Western
Alliance
Bancorp
3.00%,
06/15/2031
(k)
$
548
$
488
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
2.25%
Western
Alliance
Bank
5.25%,
06/01/2030
(k)
355
337
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
5.12%
$
13,343
Beverages
-
0
.05
%
Primo
Water
Holdings
Inc
4.38%,
04/30/2029
(g)
1,649
1,501
Triton
Water
Holdings
Inc
6.25%,
04/01/2029
(g)
111
96
$
1,597
Biotechnology
-
0
.01
%
Emergent
BioSolutions
Inc
3.88%,
08/15/2028
(g)
900
335
Building
Materials
-
1
.44
%
ACProducts
Holdings
Inc
6.38%,
05/15/2029
(g)
935
697
AmeriTex
HoldCo
Intermediate
LLC
10.25%,
10/15/2028
(g)
2,280
2,341
Boise
Cascade
Co
4.88%,
07/01/2030
(g)
15
14
Builders
FirstSource
Inc
4.25%,
02/01/2032
(g)
1,084
969
5.00%,
03/01/2030
(g)
454
436
6.38%,
06/15/2032
(g)
600
612
Camelot
Return
Merger
Sub
Inc
8.75%,
08/01/2028
(g)
1,015
1,041
Cornerstone
Building
Brands
Inc
6.13%,
01/15/2029
(g)
422
375
CP
Atlas
Buyer
Inc
7.00%,
12/01/2028
(g)
770
686
Eco
Material
Technologies
Inc
7.88%,
01/31/2027
(g)
12,493
12,485
EMRLD
Borrower
LP
/
Emerald
Co-Issuer
Inc
6.63%,
12/15/2030
(g)
2,400
2,424
Griffon
Corp
5.75%,
03/01/2028
670
657
James
Hardie
International
Finance
DAC
5.00%,
01/15/2028
(g)
555
538
JELD-WEN
Inc
4.63%,
12/15/2025
(g)
15
15
4.88%,
12/15/2027
(g)
19
18
Knife
River
Corp
7.75%,
05/01/2031
(g)
254
267
Louisiana-Pacific
Corp
3.63%,
03/15/2029
(g)
409
367
Masonite
International
Corp
3.50%,
02/15/2030
(g)
342
294
5.38%,
02/01/2028
(g)
932
909
MIWD
Holdco
II
LLC
/
MIWD
Finance
Corp
5.50%,
02/01/2030
(g)
600
546
New
Enterprise
Stone
&
Lime
Co
Inc
5.25%,
07/15/2028
(g)
19
18
9.75%,
07/15/2028
(g)
31
31
Oscar
AcquisitionCo
LLC
/
Oscar
Finance
Inc
9.50%,
04/15/2030
(g)
8,943
8,658
PGT
Innovations
Inc
4.38%,
10/01/2029
(g)
400
403
Smyrna
Ready
Mix
Concrete
LLC
6.00%,
11/01/2028
(g)
4,673
4,567
8.88%,
11/15/2031
(g)
900
946
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Building
Materials
(continued)
Standard
Industries
Inc/NJ
3.38%,
01/15/2031
(g)
$
1,315
$
1,118
4.38%,
07/15/2030
(g)
2,358
2,143
4.75%,
01/15/2028
(g)
1,385
1,325
5.00%,
02/15/2027
(g)
990
962
Summit
Materials
LLC
/
Summit
Materials
Finance
Corp
5.25%,
01/15/2029
(g)
980
949
6.50%,
03/15/2027
(g)
791
787
7.25%,
01/15/2031
(g)
900
935
$
48,533
Chemicals
-
1
.14
%
Ashland
Inc
3.38%,
09/01/2031
(g)
528
446
6.88%,
05/15/2043
433
427
ASP
Unifrax
Holdings
Inc
5.25%,
09/30/2028
(g)
3,646
2,420
7.50%,
09/30/2029
(g)
400
188
Avient
Corp
5.75%,
05/15/2025
(g)
5
5
7.13%,
08/01/2030
(g)
2,021
2,073
Axalta
Coating
Systems
Dutch
Holding
B
BV
7.25%,
02/15/2031
(g)
10
10
Axalta
Coating
Systems
LLC
3.38%,
02/15/2029
(g)
1,350
1,200
Axalta
Coating
Systems
LLC
/
Axalta
Coating
Systems
Dutch
Holding
B
BV
4.75%,
06/15/2027
(g)
585
563
Cerdia
Finanz
GmbH
10.50%,
02/15/2027
(g)
815
836
Chemours
Co/The
4.63%,
11/15/2029
(g)
918
797
5.38%,
05/15/2027
615
598
5.75%,
11/15/2028
(g)
1,283
1,210
Consolidated
Energy
Finance
SA
5.63%,
10/15/2028
(g)
1,295
1,059
CVR
Partners
LP
/
CVR
Nitrogen
Finance
Corp
6.13%,
06/15/2028
(g)
1,035
975
Element
Solutions
Inc
3.88%,
09/01/2028
(g)
159
145
GPD
Cos
Inc
10.13%,
04/01/2026
(g)
903
843
HB
Fuller
Co
4.00%,
02/15/2027
15
14
4.25%,
10/15/2028
15
14
Herens
Holdco
Sarl
4.75%,
05/15/2028
(g)
373
314
Illuminate
Buyer
LLC
/
Illuminate
Holdings
IV
Inc
9.00%,
07/01/2028
(g)
370
362
INEOS
Finance
PLC
6.75%,
05/15/2028
(g)
495
484
INEOS
Quattro
Finance
2
Plc
9.63%,
03/15/2029
(g)
1,275
1,339
Ingevity
Corp
3.88%,
11/01/2028
(g)
52
46
Innophos
Holdings
Inc
9.38%,
02/15/2028
(g)
211
179
Iris
Holdings
Inc
8.75%,
PIK
9.50%;
02/15/2026
(g),(i),(j)
325
275
Kobe
US
Midco
2
Inc
9.25%,
PIK
10.00%;
11/01/2026
(g),(i),(j)
196
162
LSF11
A5
HoldCo
LLC
6.63%,
10/15/2029
(g)
7
6
Mativ
Holdings
Inc
6.88%,
10/01/2026
(g)
565
541
Schedule
of
Investments
High
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
102
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Chemicals
(continued)
Methanex
Corp
5.13%,
10/15/2027
$
820
$
791
5.25%,
12/15/2029
812
776
5.65%,
12/01/2044
45
38
Minerals
Technologies
Inc
5.00%,
07/01/2028
(g)
11
10
Nufarm
Australia
Ltd
/
Nufarm
Americas
Inc
5.00%,
01/27/2030
(g)
566
518
Olin
Corp
5.00%,
02/01/2030
903
851
5.13%,
09/15/2027
707
686
5.63%,
08/01/2029
(h)
97
95
Olympus
Water
US
Holding
Corp
4.25%,
10/01/2028
(g)
1,160
1,059
6.25%,
10/01/2029
(g)
11
10
7.13%,
10/01/2027
(g)
15
15
9.75%,
11/15/2028
(g)
2,886
3,053
Polar
US
Borrower
LLC
/
Schenectady
International
Group
Inc
6.75%,
05/15/2026
(g)
235
55
Rain
Carbon
Inc
12.25%,
09/01/2029
(g)
424
420
Rayonier
AM
Products
Inc
7.63%,
01/15/2026
(g)
521
456
SCIH
Salt
Holdings
Inc
4.88%,
05/01/2028
(g)
1,400
1,300
6.63%,
05/01/2029
(g)
3,910
3,552
SCIL
IV
LLC
/
SCIL
USA
Holdings
LLC
5.38%,
11/01/2026
(g)
971
944
SNF
Group
SACA
3.13%,
03/15/2027
(g)
210
194
3.38%,
03/15/2030
(g)
456
392
TPC
Group
Inc
13.00%,
12/16/2027
(g)
505
513
Trinseo
Materials
Operating
SCA
/
Trinseo
Materials
Finance
Inc
5.13%,
04/01/2029
(g)
511
199
Tronox
Inc
4.63%,
03/15/2029
(g)
355
313
Valvoline
Inc
3.63%,
06/15/2031
(g)
153
131
4.25%,
02/15/2030
(g)
520
517
Vibrantz
Technologies
Inc
9.00%,
02/15/2030
(g)
811
673
WR
Grace
Holdings
LLC
4.88%,
06/15/2027
(g)
1,320
1,262
5.63%,
08/15/2029
(g)
1,139
1,004
7.38%,
03/01/2031
(g)
1,000
1,019
$
38,377
Coal
-
0
.34
%
Alliance
Resource
Operating
Partners
LP
/
Alliance
Resource
Finance
Corp
7.50%,
05/01/2025
(g)
603
602
Conuma
Resources
Ltd
13.13%,
05/01/2028
(g)
288
282
Coronado
Finance
Pty
Ltd
10.75%,
05/15/2026
(g)
18
19
SunCoke
Energy
Inc
4.88%,
06/30/2029
(g)
11,260
10,169
Warrior
Met
Coal
Inc
7.88%,
12/01/2028
(g)
273
275
$
11,347
Commercial
Services
-
4
.13
%
ADT
Security
Corp/The
4.13%,
08/01/2029
(g)
645
595
4.88%,
07/15/2032
(g)
10
9
Adtalem
Global
Education
Inc
5.50%,
03/01/2028
(g)
994
938
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Commercial
Services
(continued)
Albion
Financing
1
SARL
/
Aggreko
Holdings
Inc
6.13%,
10/15/2026
(g)
$
650
$
639
Albion
Financing
2
Sarl
8.75%,
04/15/2027
(g)
465
465
Allied
Universal
Holdco
LLC
/
Allied
Universal
Finance
Corp
6.00%,
06/01/2029
(g)
1,117
927
6.63%,
07/15/2026
(g)
2,885
2,843
9.75%,
07/15/2027
(g)
1,245
1,217
Allied
Universal
Holdco
LLC/Allied
Universal
Finance
Corp/Atlas
Luxco
4
Sarl
4.63%,
06/01/2028
(g)
1,215
1,094
4.63%,
06/01/2028
(g)
900
811
AMN
Healthcare
Inc
4.00%,
04/15/2029
(g)
440
399
4.63%,
10/01/2027
(g)
4,664
4,446
APi
Group
DE
Inc
4.13%,
07/15/2029
(g)
430
393
Aptim
Corp
7.75%,
06/15/2025
(g)
865
826
APX
Group
Inc
5.75%,
07/15/2029
(g)
1,663
1,579
6.75%,
02/15/2027
(g)
185
185
Avis
Budget
Car
Rental
LLC
/
Avis
Budget
Finance
Inc
5.38%,
03/01/2029
(g),(h)
395
366
5.75%,
07/15/2027
(g)
410
394
5.75%,
07/15/2027
(g)
6
6
Block
Inc
2.75%,
06/01/2026
680
636
3.50%,
06/01/2031
100
86
Brink's
Co/The
4.63%,
10/15/2027
(g)
559
531
5.50%,
07/15/2025
(g)
345
343
Carriage
Services
Inc
4.25%,
05/15/2029
(g)
295
256
Cimpress
PLC
7.00%,
06/15/2026
16
16
CoreCivic
Inc
4.75%,
10/15/2027
1,530
1,438
8.25%,
04/15/2026
1,277
1,309
CoreLogic
Inc
4.50%,
05/01/2028
(g)
748
663
CPI
CG
Inc
8.63%,
03/15/2026
(g)
926
909
Deluxe
Corp
8.00%,
06/01/2029
(g)
95
86
Garda
World
Security
Corp
4.63%,
02/15/2027
(g)
640
605
6.00%,
06/01/2029
(g)
1,044
917
7.75%,
02/15/2028
(g)
1,032
1,050
9.50%,
11/01/2027
(g)
385
387
GEO
Group
Inc/The
9.50%,
12/31/2028
(g)
300
292
10.50%,
06/30/2028
350
356
Graham
Holdings
Co
5.75%,
06/01/2026
(g)
1,040
1,027
Grand
Canyon
University
4.13%,
10/01/2024
500
482
5.13%,
10/01/2028
(h)
777
706
GTCR
W-2
Merger
Sub
LLC
7.50%,
01/15/2031
(g)
4,675
4,857
Herc
Holdings
Inc
5.50%,
07/15/2027
(g)
1,253
1,230
Hertz
Corp/The
4.63%,
12/01/2026
(g)
445
400
5.00%,
12/01/2029
(g),(h)
1,160
917
Schedule
of
Investments
High
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
103
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Commercial
Services
(continued)
Korn
Ferry
4.63%,
12/15/2027
(g)
$
38
$
36
Legends
Hospitality
Holding
Co
LLC
/
Legends
Hospitality
Co-Issuer
Inc
5.00%,
02/01/2026
(g)
220
220
Matthews
International
Corp
5.25%,
12/01/2025
(g)
533
521
Mavis
Tire
Express
Services
Topco
Corp
6.50%,
05/15/2029
(g)
480
441
MPH
Acquisition
Holdings
LLC
5.50%,
09/01/2028
(g)
1,970
1,748
5.75%,
11/01/2028
(g)
943
750
Neptune
Bidco
US
Inc
9.29%,
04/15/2029
(g)
5,360
5,120
NESCO
Holdings
II
Inc
5.50%,
04/15/2029
(g)
1,571
1,473
Paysafe
Finance
PLC
/
Paysafe
Holdings
US
Corp
4.00%,
06/15/2029
(g),(h)
430
384
PECF
USS
Intermediate
Holding
III
Corp
8.00%,
11/15/2029
(g)
555
268
Port
of
Newcastle
Investments
Financing
Pty
Ltd
5.90%,
11/24/2031
(g),(h)
83
75
Prime
Security
Services
Borrower
LLC
/
Prime
Finance
Inc
3.38%,
08/31/2027
(g)
944
870
5.75%,
04/15/2026
(g)
1,340
1,339
6.25%,
01/15/2028
(g)
1,245
1,234
PROG
Holdings
Inc
6.00%,
11/15/2029
(g)
13,035
11,904
Sabre
GLBL
Inc
8.63%,
06/01/2027
(g)
877
820
11.25%,
12/15/2027
(g)
730
731
Service
Corp
International/US
3.38%,
08/15/2030
735
641
4.00%,
05/15/2031
3,100
2,759
4.63%,
12/15/2027
500
485
5.13%,
06/01/2029
1,022
998
Shift4
Payments
LLC
/
Shift4
Payments
Finance
Sub
Inc
4.63%,
11/01/2026
(g)
5,255
5,126
Signal
Parent
Inc
6.13%,
04/01/2029
(g)
455
322
Sotheby's
7.38%,
10/15/2027
(g),(h)
17,315
16,640
Sotheby's/Bidfair
Holdings
Inc
5.88%,
06/01/2029
(g)
742
641
StoneMor
Inc
8.50%,
05/15/2029
(g)
300
232
TriNet
Group
Inc
3.50%,
03/01/2029
(g)
726
641
7.13%,
08/15/2031
(g)
582
594
United
Rentals
North
America
Inc
3.75%,
01/15/2032
676
594
3.88%,
11/15/2027
547
521
3.88%,
02/15/2031
1,505
1,357
4.00%,
07/15/2030
72
66
4.88%,
01/15/2028
2,064
2,014
5.25%,
01/15/2030
860
845
5.50%,
05/15/2027
843
841
Upbound
Group
Inc
6.38%,
02/15/2029
(g),(h)
9,975
9,511
Verscend
Escrow
Corp
9.75%,
08/15/2026
(g)
222
223
VT
Topco
Inc
8.50%,
08/15/2030
(g)
11,384
11,897
Wand
NewCo
3
Inc
7.63%,
01/30/2032
(g)
9,816
10,138
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Commercial
Services
(continued)
WASH
Multifamily
Acquisition
Inc
5.75%,
04/15/2026
(g)
$
649
$
624
Williams
Scotsman
Inc
4.63%,
08/15/2028
(g)
675
639
6.13%,
06/15/2025
(g)
327
326
7.38%,
10/01/2031
(g)
100
105
WW
International
Inc
4.50%,
04/15/2029
(g),(h)
345
162
ZipRecruiter
Inc
5.00%,
01/15/2030
(g)
5,365
4,779
$
139,286
Computers
-
1
.36
%
Ahead
DB
Holdings
LLC
6.63%,
05/01/2028
(g)
446
392
ASGN
Inc
4.63%,
05/15/2028
(g)
7,975
7,542
Conduent
Business
Services
LLC
/
Conduent
State
&
Local
Solutions
Inc
6.00%,
11/01/2029
(g)
750
687
Crane
NXT
Co
4.20%,
03/15/2048
693
518
Crowdstrike
Holdings
Inc
3.00%,
02/15/2029
(h)
13
12
KBR
Inc
4.75%,
09/30/2028
(g)
4,967
4,581
McAfee
Corp
7.38%,
02/15/2030
(g)
2,800
2,537
NCR
Atleos
Corp
9.50%,
04/01/2029
(g)
2,655
2,848
NCR
Voyix
Corp
5.00%,
10/01/2028
(g)
480
452
5.13%,
04/15/2029
(g)
1,175
1,099
5.25%,
10/01/2030
(g)
1,321
1,215
Presidio
Holdings
Inc
4.88%,
02/01/2027
(g)
440
426
8.25%,
02/01/2028
(g)
10,054
9,969
Science
Applications
International
Corp
4.88%,
04/01/2028
(g)
40
38
Seagate
HDD
Cayman
3.13%,
07/15/2029
585
480
4.09%,
06/01/2029
107
99
4.13%,
01/15/2031
895
790
4.88%,
06/01/2027
(h)
717
703
5.75%,
12/01/2034
632
612
8.50%,
07/15/2031
(g)
575
625
9.63%,
12/01/2032
1,217
1,398
Tempo
Acquisition
LLC
/
Tempo
Acquisition
Finance
Corp
5.75%,
06/01/2025
(g)
295
293
Unisys
Corp
6.88%,
11/01/2027
(g)
2,400
2,175
Vericast
Corp
11.00%,
09/15/2026
(g)
1,842
1,948
12.50%,
12/15/2027
(g)
800
906
Virtusa
Corp
7.13%,
12/15/2028
(g)
418
367
Western
Digital
Corp
4.75%,
02/15/2026
3,279
3,190
$
45,902
Consumer
Products
-
0
.06
%
Central
Garden
&
Pet
Co
4.13%,
04/30/2031
(g)
380
336
5.13%,
02/01/2028
467
452
Kronos
Acquisition
Holdings
Inc
/
KIK
Custom
Products
Inc
5.00%,
12/31/2026
(g)
530
512
7.00%,
12/31/2027
(g)
300
293
Schedule
of
Investments
High
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
104
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Consumer
Products
(continued)
Spectrum
Brands
Inc
3.88%,
03/15/2031
(g),(h)
$
244
$
226
5.00%,
10/01/2029
(g)
1
1
5.50%,
07/15/2030
(g)
53
52
$
1,872
Cosmetics
&
Personal
Care
-
0
.10
%
Coty
Inc
5.00%,
04/15/2026
(g)
496
487
6.50%,
04/15/2026
(g)
144
144
Coty
Inc/HFC
Prestige
Products
Inc/HFC
Prestige
International
US
LLC
4.75%,
01/15/2029
(g)
630
601
Edgewell
Personal
Care
Co
4.13%,
04/01/2029
(g)
370
333
5.50%,
06/01/2028
(g)
1,590
1,556
High
Ridge
Brands
-
Escrow
0.00%,
03/15/2025
(d),(e),(f)
4,938
—
Oriflame
Investment
Holding
PLC
5.13%,
05/04/2026
(g)
785
216
$
3,337
Distribution
&
Wholesale
-
0
.45
%
American
Builders
&
Contractors
Supply
Co
Inc
3.88%,
11/15/2029
(g)
390
347
4.00%,
01/15/2028
(g)
999
936
BCPE
Empire
Holdings
Inc
7.63%,
05/01/2027
(g)
725
693
Dealer
Tire
LLC
/
DT
Issuer
LLC
8.00%,
02/01/2028
(g)
794
787
G-III
Apparel
Group
Ltd
7.88%,
08/15/2025
(g)
631
633
H&E
Equipment
Services
Inc
3.88%,
12/15/2028
(g)
1,585
1,439
Resideo
Funding
Inc
4.00%,
09/01/2029
(g)
105
91
Ritchie
Bros
Holdings
Inc
6.75%,
03/15/2028
(g)
870
887
7.75%,
03/15/2031
(g)
5,765
6,075
Verde
Purchaser
LLC
10.50%,
11/30/2030
(g)
1,477
1,525
Wesco
Aircraft
Holdings
Inc
0.00%,
11/15/2024
(d),(g)
504
43
Windsor
Holdings
III
LLC
8.50%,
06/15/2030
(g)
1,660
1,709
$
15,165
Diversified
Financial
Services
-
7
.58
%
AG
Issuer
LLC
6.25%,
03/01/2028
(g)
949
936
AG
TTMT
Escrow
Issuer
LLC
8.63%,
09/30/2027
(g)
1,214
1,260
Ally
Financial
Inc
5.75%,
11/20/2025
(h)
1,930
1,935
6.70%,
02/14/2033
4,920
4,939
Aretec
Group
Inc
7.50%,
04/01/2029
(g)
815
759
10.00%,
08/15/2030
(g)
690
745
Armor
Holdco
Inc
8.50%,
11/15/2029
(g)
845
790
ASG
Finance
Designated
Activity
Co
7.88%,
12/03/2024
(g)
60
59
Avation
Capital
SA
8.25%,
PIK
9.00%;
10/31/2026
(g),(i),(j)
314
269
Bread
Financial
Holdings
Inc
7.00%,
01/15/2026
(g),(h)
8,238
8,309
9.75%,
03/15/2029
(g),(h)
18,352
18,330
Brightsphere
Investment
Group
Inc
4.80%,
07/27/2026
685
653
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Diversified
Financial
Services
(continued)
Burford
Capital
Global
Finance
LLC
6.25%,
04/15/2028
(g)
$
455
$
439
6.88%,
04/15/2030
(g)
685
664
9.25%,
07/01/2031
(g)
18,029
18,795
Castlelake
Aviation
Finance
DAC
5.00%,
04/15/2027
(g)
805
764
Cobra
AcquisitionCo
LLC
6.38%,
11/01/2029
(g)
10
8
Coinbase
Global
Inc
3.38%,
10/01/2028
(g)
1,240
1,016
3.63%,
10/01/2031
(g)
20
15
Credit
Acceptance
Corp
6.63%,
03/15/2026
(h)
5,630
5,629
9.25%,
12/15/2028
(g)
6,475
6,799
Curo
Group
Holdings
Corp
7.50%,
08/01/2028
(g)
1,318
320
7.50%,
08/01/2028
(g)
795
286
Drawbridge
Special
Opportunities
Fund
LP
/
Drawbridge
Special
Opportunities
Finance
Corp
3.88%,
02/15/2026
(g)
2,195
2,025
Enova
International
Inc
8.50%,
09/15/2025
(g)
97
96
11.25%,
12/15/2028
(g)
2,555
2,672
Finance
of
America
Funding
LLC
7.88%,
11/15/2025
(g)
392
309
GGAM
Finance
Ltd
8.00%,
02/15/2027
(g)
479
493
8.00%,
06/15/2028
(g)
3,000
3,122
Global
Aircraft
Leasing
Co
Ltd
6.50%,
PIK
7.25%;
09/15/2024
(g),(i),(j)
2,305
2,221
goeasy
Ltd
4.38%,
05/01/2026
(g)
1,135
1,082
9.25%,
12/01/2028
(g),(h)
245
260
Hightower
Holding
LLC
6.75%,
04/15/2029
(g)
211
192
Jane
Street
Group
/
JSG
Finance
Inc
4.50%,
11/15/2029
(g)
565
517
Jefferies
Finance
LLC
/
JFIN
Co-Issuer
Corp
5.00%,
08/15/2028
(g)
1,980
1,788
Jefferson
Capital
Holdings
LLC
6.00%,
08/15/2026
(g)
120
115
LD
Holdings
Group
LLC
6.13%,
04/01/2028
(g)
84
68
6.50%,
11/01/2025
(g)
515
485
LFS
Topco
LLC
5.88%,
10/15/2026
(g)
1,114
1,024
Midcap
Financial
Issuer
Trust
5.63%,
01/15/2030
(g)
1,286
1,096
6.50%,
05/01/2028
(g)
1,910
1,744
Nationstar
Mortgage
Holdings
Inc
5.00%,
02/01/2026
(g)
6,417
6,254
5.13%,
12/15/2030
(g)
12
11
5.50%,
08/15/2028
(g)
4,940
4,691
5.75%,
11/15/2031
(g)
580
535
6.00%,
01/15/2027
(g)
710
696
7.13%,
02/01/2032
(g),(l)
5,995
5,946
Navient
Corp
4.88%,
03/15/2028
800
727
5.00%,
03/15/2027
75
72
5.50%,
03/15/2029
1,115
1,007
5.63%,
08/01/2033
572
454
6.75%,
06/25/2025
920
925
6.75%,
06/15/2026
495
497
9.38%,
07/25/2030
1,137
1,185
NFP
Corp
4.88%,
08/15/2028
(g)
5,720
5,674
6.88%,
08/15/2028
(g)
42,166
42,403
7.50%,
10/01/2030
(g)
415
436
Schedule
of
Investments
High
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
105
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Diversified
Financial
Services
(continued)
NFP
Corp
(continued)
8.50%,
10/01/2031
(g)
$
2,483
$
2,732
OneMain
Finance
Corp
3.50%,
01/15/2027
848
776
3.88%,
09/15/2028
665
584
4.00%,
09/15/2030
14,401
12,196
5.38%,
11/15/2029
835
773
6.63%,
01/15/2028
12,140
12,097
6.88%,
03/15/2025
1,300
1,305
7.13%,
03/15/2026
1,704
1,727
7.88%,
03/15/2030
1,502
1,526
9.00%,
01/15/2029
1,015
1,069
Osaic
Holdings
Inc
10.75%,
08/01/2027
(g)
11
11
Oxford
Finance
LLC
/
Oxford
Finance
Co-Issuer
II
Inc
6.38%,
02/01/2027
(g)
12,270
11,642
PennyMac
Financial
Services
Inc
4.25%,
02/15/2029
(g)
398
361
5.38%,
10/15/2025
(g)
823
812
5.75%,
09/15/2031
(g)
560
519
PHH
Mortgage
Corp
7.88%,
03/15/2026
(g)
755
696
PRA
Group
Inc
5.00%,
10/01/2029
(g)
100
81
7.38%,
09/01/2025
(g)
698
702
8.38%,
02/01/2028
(g)
1,175
1,119
Provident
Funding
Associates
LP
/
PFG
Finance
Corp
6.38%,
06/15/2025
(g)
9,568
8,953
Rocket
Mortgage
LLC
/
Rocket
Mortgage
Co-Issuer
Inc
2.88%,
10/15/2026
(g)
1,107
1,016
3.63%,
03/01/2029
(g)
251
223
3.88%,
03/01/2031
(g)
15,644
13,670
4.00%,
10/15/2033
(g)
7,100
6,027
SLM
Corp
4.20%,
10/29/2025
160
156
StoneX
Group
Inc
8.63%,
06/15/2025
(g)
200
202
Synchrony
Financial
7.25%,
02/02/2033
950
949
United
Wholesale
Mortgage
LLC
5.50%,
11/15/2025
(g)
3,005
2,968
5.50%,
04/15/2029
(g)
5,425
5,123
5.75%,
06/15/2027
(g)
1,166
1,144
World
Acceptance
Corp
7.00%,
11/01/2026
(g),(h)
11
10
$
255,710
Electric
-
1
.05
%
Algonquin
Power
&
Utilities
Corp
4.75%,
01/18/2082
(k)
810
701
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.25%
Atlantica
Sustainable
Infrastructure
PLC
4.13%,
06/15/2028
(g)
620
574
Calpine
Corp
3.75%,
03/01/2031
(g)
1,260
1,095
4.50%,
02/15/2028
(g)
2,318
2,204
4.63%,
02/01/2029
(g)
886
819
5.00%,
02/01/2031
(g)
1,040
943
5.13%,
03/15/2028
(g)
2,035
1,942
5.25%,
06/01/2026
(g)
568
559
Clearway
Energy
Operating
LLC
3.75%,
02/15/2031
(g)
1,044
905
3.75%,
01/15/2032
(g)
375
318
4.75%,
03/15/2028
(g)
960
914
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
DPL
Inc
4.13%,
07/01/2025
$
435
$
424
4.35%,
04/15/2029
1,007
933
Drax
Finco
PLC
6.63%,
11/01/2025
(g),(h)
1,080
1,072
FirstEnergy
Corp
2.05%,
03/01/2025
287
275
2.25%,
09/01/2030
1,000
835
2.65%,
03/01/2030
1,094
951
3.40%,
03/01/2050
995
689
4.15%,
07/15/2027
1,912
1,836
5.10%,
07/15/2047
560
502
Leeward
Renewable
Energy
Operations
LLC
4.25%,
07/01/2029
(g)
425
384
NextEra
Energy
Operating
Partners
LP
3.88%,
10/15/2026
(g)
1,136
1,074
4.50%,
09/15/2027
(g)
33
31
7.25%,
01/15/2029
(g)
765
788
NRG
Energy
Inc
3.38%,
02/15/2029
(g)
20
18
3.63%,
02/15/2031
(g)
691
593
3.88%,
02/15/2032
(g)
146
125
5.25%,
06/15/2029
(g)
875
839
5.75%,
01/15/2028
(h)
915
905
6.63%,
01/15/2027
395
396
Pattern
Energy
Operations
LP
/
Pattern
Energy
Operations
Inc
4.50%,
08/15/2028
(g)
165
154
PG&E
Corp
5.00%,
07/01/2028
862
833
5.25%,
07/01/2030
1,875
1,790
Pike
Corp
5.50%,
09/01/2028
(g)
853
814
8.63%,
01/31/2031
(g)
925
979
Talen
Energy
Supply
LLC
8.63%,
06/01/2030
(g)
395
419
TransAlta
Corp
6.50%,
03/15/2040
725
716
7.75%,
11/15/2029
466
490
Vistra
Operations
Co
LLC
4.38%,
05/01/2029
(g)
719
660
5.00%,
07/31/2027
(g)
1,012
980
5.63%,
02/15/2027
(g)
1,525
1,502
7.75%,
10/15/2031
(g)
2,339
2,430
$
35,411
Electrical
Components
&
Equipment
-
0
.13
%
Energizer
Holdings
Inc
4.38%,
03/31/2029
(g)
1,005
909
4.75%,
06/15/2028
(g)
15
14
6.50%,
12/31/2027
(g)
10
10
EnerSys
4.38%,
12/15/2027
(g)
490
461
6.63%,
01/15/2032
(g)
497
503
WESCO
Distribution
Inc
7.13%,
06/15/2025
(g)
1,516
1,524
7.25%,
06/15/2028
(g)
875
899
$
4,320
Electronics
-
0
.25
%
Atkore
Inc
4.25%,
06/01/2031
(g)
1,000
882
Coherent
Corp
5.00%,
12/15/2029
(g)
630
590
Imola
Merger
Corp
4.75%,
05/15/2029
(g)
2,875
2,677
Likewize
Corp
9.75%,
10/15/2025
(g)
999
1,013
Schedule
of
Investments
High
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
106
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electronics
(continued)
Sensata
Technologies
BV
4.00%,
04/15/2029
(g)
$
1,930
$
1,767
5.00%,
10/01/2025
(g)
811
807
5.88%,
09/01/2030
(g)
507
501
Sensata
Technologies
Inc
3.75%,
02/15/2031
(g)
265
230
4.38%,
02/15/2030
(g)
19
17
TTM
Technologies
Inc
4.00%,
03/01/2029
(g)
18
16
$
8,500
Energy
-
Alternate
Sources
-
0
.11
%
Enviva
Partners
LP
/
Enviva
Partners
Finance
Corp
6.50%,
01/15/2026
(g)
760
284
Sunnova
Energy
Corp
5.88%,
09/01/2026
(g),(h)
90
75
11.75%,
10/01/2028
(g),(h)
470
409
TerraForm
Power
Operating
LLC
4.75%,
01/15/2030
(g)
1,426
1,317
5.00%,
01/31/2028
(g)
1,420
1,368
Topaz
Solar
Farms
LLC
4.88%,
09/30/2039
(g)
137
126
5.75%,
09/30/2039
(g)
60
59
$
3,638
Engineering
&
Construction
-
0
.35
%
AECOM
5.13%,
03/15/2027
1,135
1,116
Arcosa
Inc
4.38%,
04/15/2029
(g)
912
850
Artera
Services
LLC
9.03%,
12/04/2025
(g)
849
866
Brand
Industrial
Services
Inc
10.38%,
08/01/2030
(g)
1,019
1,076
Brundage-Bone
Concrete
Pumping
Holdings
Inc
6.00%,
02/01/2026
(g)
1,205
1,187
Cellnex
Finance
Co
SA
3.88%,
07/07/2041
(g)
153
119
Dycom
Industries
Inc
4.50%,
04/15/2029
(g)
400
373
Fluor
Corp
4.25%,
09/15/2028
105
101
Global
Infrastructure
Solutions
Inc
5.63%,
06/01/2029
(g)
600
542
7.50%,
04/15/2032
(g)
500
461
Great
Lakes
Dredge
&
Dock
Corp
5.25%,
06/01/2029
(g),(h)
900
774
IEA
Energy
Services
LLC
6.63%,
08/15/2029
(g)
2,525
2,379
INNOVATE
Corp
8.50%,
02/01/2026
(g)
15
11
Railworks
Holdings
LP
/
Railworks
Rally
Inc
8.25%,
11/15/2028
(g)
290
289
TopBuild
Corp
3.63%,
03/15/2029
(g)
15
14
4.13%,
02/15/2032
(g)
460
402
Tutor
Perini
Corp
6.88%,
05/01/2025
(g)
431
422
VM
Consolidated
Inc
5.50%,
04/15/2029
(g)
300
286
Weekley
Homes
LLC
/
Weekley
Finance
Corp
4.88%,
09/15/2028
(g)
450
419
$
11,687
Entertainment
-
3
.90
%
Affinity
Interactive
6.88%,
12/15/2027
(g)
70
63
Allen
Media
LLC
/
Allen
Media
Co-Issuer
Inc
10.50%,
02/15/2028
(g)
748
378
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Entertainment
(continued)
AMC
Entertainment
Holdings
Inc
7.50%,
02/15/2029
(g)
$
668
$
428
10.00%,
PIK
12.00%;
06/15/2026
(g),(i),(j)
1,890
1,472
Caesars
Entertainment
Inc
4.63%,
10/15/2029
(g),(h)
10,980
10,037
6.25%,
07/01/2025
(g)
2,212
2,220
6.50%,
02/15/2032
(g),(l)
200
202
7.00%,
02/15/2030
(g)
16,873
17,339
8.13%,
07/01/2027
(g)
1,075
1,103
Caesars
Resort
Collection
LLC
/
CRC
Finco
Inc
5.75%,
07/01/2025
(g)
515
516
CCM
Merger
Inc
6.38%,
05/01/2026
(g)
409
404
Cedar
Fair
LP
5.25%,
07/15/2029
(h)
266
254
Cedar
Fair
LP
/
Canada's
Wonderland
Company
/
Magnum
Management
Corporation
/
Millennium
Operations
LLC
5.38%,
04/15/2027
16
16
5.50%,
05/01/2025
(g)
920
918
6.50%,
10/01/2028
265
264
Churchill
Downs
Inc
4.75%,
01/15/2028
(g)
955
910
5.50%,
04/01/2027
(g)
960
948
5.75%,
04/01/2030
(g)
2,561
2,478
6.75%,
05/01/2031
(g)
790
799
Cinemark
USA
Inc
5.25%,
07/15/2028
(g),(h)
19,529
18,016
5.88%,
03/15/2026
(g),(h)
3,411
3,380
8.75%,
05/01/2025
(g)
530
535
Empire
Resorts
Inc
7.75%,
11/01/2026
(g)
780
719
Everi
Holdings
Inc
5.00%,
07/15/2029
(g),(h)
11,160
10,256
Golden
Entertainment
Inc
7.63%,
04/15/2026
(g)
370
370
International
Game
Technology
PLC
4.13%,
04/15/2026
(g)
975
944
5.25%,
01/15/2029
(g)
10
10
6.25%,
01/15/2027
(g)
1,560
1,569
6.50%,
02/15/2025
(g)
289
289
Jacobs
Entertainment
Inc
6.75%,
02/15/2029
(g)
1,350
1,281
Light
&
Wonder
International
Inc
7.00%,
05/15/2028
(g)
813
812
7.25%,
11/15/2029
(g)
540
555
7.50%,
09/01/2031
(g)
630
656
Lions
Gate
Capital
Holdings
LLC
5.50%,
04/15/2029
(g)
1,585
1,205
Live
Nation
Entertainment
Inc
3.75%,
01/15/2028
(g)
490
453
4.75%,
10/15/2027
(g),(h)
13,337
12,704
5.63%,
03/15/2026
(g)
300
297
6.50%,
05/15/2027
(g)
5,622
5,679
Merlin
Entertainments
Ltd
5.75%,
06/15/2026
(g)
735
726
Midwest
Gaming
Borrower
LLC
/
Midwest
Gaming
Finance
Corp
4.88%,
05/01/2029
(g)
10
9
Mohegan
Tribal
Gaming
Authority
8.00%,
02/01/2026
(g)
2,720
2,554
13.25%,
12/15/2027
(g)
700
752
Motion
Bondco
DAC
6.63%,
11/15/2027
(g)
568
543
Odeon
Finco
PLC
12.75%,
11/01/2027
(g)
10
10
Ontario
Gaming
GTA
LP
8.00%,
08/01/2030
(g)
33
34
Schedule
of
Investments
High
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
107
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Entertainment
(continued)
Penn
Entertainment
Inc
4.13%,
07/01/2029
(g),(h)
$
15
$
13
5.63%,
01/15/2027
(g)
225
217
Premier
Entertainment
Sub
LLC
/
Premier
Entertainment
Finance
Corp
5.63%,
09/01/2029
(g),(h)
980
735
5.88%,
09/01/2031
(g)
480
349
Raptor
Acquisition
Corp
/
Raptor
Co-Issuer
LLC
4.88%,
11/01/2026
(g)
19
18
Resorts
World
Las
Vegas
LLC
/
RWLV
Capital
Inc
4.63%,
04/16/2029
(h)
700
622
4.63%,
04/06/2031
(g)
800
678
8.45%,
07/27/2030
(g)
300
312
Scientific
Games
Holdings
LP/Scientific
Games
US
FinCo
Inc
6.63%,
03/01/2030
(g)
3,010
2,830
SeaWorld
Parks
&
Entertainment
Inc
5.25%,
08/15/2029
(g)
1,371
1,277
8.75%,
05/01/2025
(g)
83
84
Six
Flags
Entertainment
Corp
5.50%,
04/15/2027
(g)
375
373
7.25%,
05/15/2031
(g)
965
984
Six
Flags
Theme
Parks
Inc
7.00%,
07/01/2025
(g)
200
201
Speedway
Motorsports
LLC
/
Speedway
Funding
II
Inc
4.88%,
11/01/2027
(g)
6,280
5,959
Vail
Resorts
Inc
6.25%,
05/15/2025
(g)
255
255
WMG
Acquisition
Corp
3.00%,
02/15/2031
(g)
600
509
3.75%,
12/01/2029
(g)
770
694
3.88%,
07/15/2030
(g)
460
410
Wynn
Resorts
Finance
LLC
/
Wynn
Resorts
Capital
Corp
5.13%,
10/01/2029
(g)
3,528
3,333
7.13%,
02/15/2031
(g)
6,563
6,768
$
131,728
Environmental
Control
-
1
.50
%
Clean
Harbors
Inc
4.88%,
07/15/2027
(g)
440
426
5.13%,
07/15/2029
(g)
300
287
6.38%,
02/01/2031
(g)
1,995
2,021
Covanta
Holding
Corp
4.88%,
12/01/2029
(g)
5,743
4,961
5.00%,
09/01/2030
173
147
Enviri
Corp
5.75%,
07/31/2027
(g)
275
258
GFL
Environmental
Inc
3.50%,
09/01/2028
(g)
660
597
3.75%,
08/01/2025
(g)
1,587
1,544
4.00%,
08/01/2028
(g)
8,075
7,407
4.25%,
06/01/2025
(g)
535
526
4.38%,
08/15/2029
(g)
11,295
10,359
4.75%,
06/15/2029
(g)
8,879
8,335
5.13%,
12/15/2026
(g)
460
449
Madison
IAQ
LLC
4.13%,
06/30/2028
(g)
743
683
5.88%,
06/30/2029
(g)
13,426
11,930
Stericycle
Inc
3.88%,
01/15/2029
(g)
700
636
Waste
Pro
USA
Inc
5.50%,
02/15/2026
(g)
91
88
$
50,654
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Food
-
3
.27
%
Albertsons
Cos
Inc
/
Safeway
Inc
/
New
Albertsons
LP
/
Albertsons
LLC
3.25%,
03/15/2026
(g)
$
870
$
826
3.50%,
03/15/2029
(g)
5,106
4,613
4.63%,
01/15/2027
(g)
1,477
1,433
4.88%,
02/15/2030
(g)
3,558
3,400
5.88%,
02/15/2028
(g)
1,251
1,249
6.50%,
02/15/2028
(g)
895
905
7.50%,
03/15/2026
(g)
10
10
B&G
Foods
Inc
5.25%,
04/01/2025
2,637
2,592
5.25%,
09/15/2027
11
10
8.00%,
09/15/2028
(g),(h)
18
19
C&S
Group
Enterprises
LLC
5.00%,
12/15/2028
(g)
475
386
Chobani
LLC
/
Chobani
Finance
Corp
Inc
4.63%,
11/15/2028
(g)
550
515
7.63%,
07/01/2029
(g)
3,490
3,533
Fiesta
Purchaser
Inc
7.88%,
03/01/2031
(g),(l)
2,950
2,956
H-Food
Holdings
LLC
/
Hearthside
Finance
Co
Inc
8.50%,
06/01/2026
(g)
404
26
Ingles
Markets
Inc
4.00%,
06/15/2031
(g)
580
513
KeHE
Distributors
LLC
/
KeHE
Finance
Corp
8.63%,
10/15/2026
(g)
624
638
KeHE
Distributors
LLC
/
KeHE
Finance
Corp
/
NextWave
Distribution
Inc
9.00%,
02/15/2029
(g),(l)
1,584
1,598
Lamb
Weston
Holdings
Inc
4.13%,
01/31/2030
(g)
2,077
1,895
4.38%,
01/31/2032
(g)
2,667
2,394
4.88%,
05/15/2028
(g)
833
811
Performance
Food
Group
Inc
4.25%,
08/01/2029
(g)
8,975
8,224
5.50%,
10/15/2027
(g)
14,944
14,575
6.88%,
05/01/2025
(g)
315
316
Post
Holdings
Inc
4.50%,
09/15/2031
(g)
16,711
15,011
4.63%,
04/15/2030
(g)
7,385
6,791
5.50%,
12/15/2029
(g)
1,125
1,087
5.63%,
01/15/2028
(g)
699
688
5.75%,
03/01/2027
(g)
496
494
Safeway
Inc
7.25%,
02/01/2031
11
12
SEG
Holding
LLC
/
SEG
Finance
Corp
5.63%,
10/15/2028
(g)
223
226
Sigma
Holdco
BV
7.88%,
05/15/2026
(g)
525
495
Simmons
Foods
Inc/Simmons
Prepared
Foods
Inc/
Simmons
Pet
Food
Inc/Simmons
Feed
4.63%,
03/01/2029
(g)
7,022
6,037
TreeHouse
Foods
Inc
4.00%,
09/01/2028
720
642
United
Natural
Foods
Inc
6.75%,
10/15/2028
(g)
1,068
897
US
Foods
Inc
4.63%,
06/01/2030
(g)
7,210
6,720
4.75%,
02/15/2029
(g)
2,655
2,519
6.88%,
09/15/2028
(g)
100
103
7.25%,
01/15/2032
(g)
14,452
15,138
$
110,297
Food
Service
-
0
.40
%
Aramark
Services
Inc
5.00%,
04/01/2025
(g)
105
104
5.00%,
02/01/2028
(g)
13,070
12,630
Schedule
of
Investments
High
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
108
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Food
Service
(continued)
TKC
Holdings
Inc
10.50%,
05/15/2029
(g)
$
760
$
688
$
13,422
Forest
Products
&
Paper
-
0
.09
%
Ahlstrom
Holding
3
Oy
4.88%,
02/04/2028
(g),(h)
15
14
Domtar
Corp
6.75%,
10/01/2028
(g)
850
780
Glatfelter
Corp
4.75%,
11/15/2029
(g)
1,285
928
Mercer
International
Inc
5.13%,
02/01/2029
1,399
1,201
5.50%,
01/15/2026
13
13
$
2,936
Gas
-
0
.12
%
AmeriGas
Partners
LP
/
AmeriGas
Finance
Corp
5.50%,
05/20/2025
1,528
1,501
5.75%,
05/20/2027
621
594
5.88%,
08/20/2026
1,498
1,452
9.38%,
06/01/2028
(g)
500
514
$
4,061
Hand
&
Machine
Tools
-
0
.01
%
Werner
FinCo
LP
/
Werner
FinCo
Inc
8.75%,
07/15/2025
(g)
375
332
11.50%,
06/15/2028
(g)
51
54
$
386
Healthcare
-
Products
-
0
.82
%
Avantor
Funding
Inc
3.88%,
11/01/2029
(g)
916
832
4.63%,
07/15/2028
(g)
1,885
1,795
Bausch
&
Lomb
Escrow
Corp
8.38%,
10/01/2028
(g)
1,930
2,003
Embecta
Corp
5.00%,
02/15/2030
(g)
20
16
6.75%,
02/15/2030
(g)
280
244
Garden
Spinco
Corp
8.63%,
07/20/2030
(g)
8,387
8,974
Hologic
Inc
3.25%,
02/15/2029
(g)
2,119
1,905
4.63%,
02/01/2028
(g)
819
790
Medline
Borrower
LP
3.88%,
04/01/2029
(g)
5,280
4,781
5.25%,
10/01/2029
(g)
5,582
5,205
Teleflex
Inc
4.25%,
06/01/2028
(g)
734
696
4.63%,
11/15/2027
565
548
Varex
Imaging
Corp
7.88%,
10/15/2027
(g)
19
19
$
27,808
Healthcare
-
Services
-
3
.37
%
Acadia
Healthcare
Co
Inc
5.00%,
04/15/2029
(g)
10,324
9,846
5.50%,
07/01/2028
(g)
3,315
3,241
AHP
Health
Partners
Inc
5.75%,
07/15/2029
(g)
150
134
Cano
Health
LLC
6.25%,
10/01/2028
(g)
485
38
Catalent
Pharma
Solutions
Inc
3.13%,
02/15/2029
(g)
560
492
3.50%,
04/01/2030
(g),(h)
2,292
2,014
5.00%,
07/15/2027
(g)
601
578
Charles
River
Laboratories
International
Inc
3.75%,
03/15/2029
(g)
935
850
4.00%,
03/15/2031
(g)
435
387
4.25%,
05/01/2028
(g)
120
113
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Healthcare
-
Services
(continued)
CHS/Community
Health
Systems
Inc
4.75%,
02/15/2031
(g)
$
500
$
397
5.25%,
05/15/2030
(g)
1,655
1,370
5.63%,
03/15/2027
(g)
2,055
1,898
6.00%,
01/15/2029
(g)
1,225
1,107
6.13%,
04/01/2030
(g)
1,291
840
6.88%,
04/01/2028
(g)
775
516
6.88%,
04/15/2029
(g)
755
513
8.00%,
03/15/2026
(g)
1,375
1,355
8.00%,
12/15/2027
(g)
1,465
1,443
10.88%,
01/15/2032
(g)
1,809
1,892
DaVita
Inc
3.75%,
02/15/2031
(g)
3,367
2,776
4.63%,
06/01/2030
(g)
5,995
5,304
Encompass
Health
Corp
4.50%,
02/01/2028
1,960
1,872
4.63%,
04/01/2031
435
400
4.75%,
02/01/2030
557
522
Fortrea
Holdings
Inc
7.50%,
07/01/2030
(g)
2,770
2,815
Global
Medical
Response
Inc
6.50%,
10/01/2025
(g)
702
602
HealthEquity
Inc
4.50%,
10/01/2029
(g)
460
430
Heartland
Dental
LLC
/
Heartland
Dental
Finance
Corp
8.50%,
05/01/2026
(g)
11
11
10.50%,
04/30/2028
(g)
620
646
IQVIA
Inc
5.00%,
10/15/2026
(g)
2,332
2,281
5.00%,
05/15/2027
(g)
1,500
1,466
Kedrion
SpA
6.50%,
09/01/2029
(g)
470
420
Legacy
LifePoint
Health
LLC
4.38%,
02/15/2027
(g)
1,440
1,341
LifePoint
Health
Inc
5.38%,
01/15/2029
(g)
590
467
9.88%,
08/15/2030
(g)
1,769
1,809
ModivCare
Escrow
Issuer
Inc
5.00%,
10/01/2029
(g)
916
743
ModivCare
Inc
5.88%,
11/15/2025
(g)
1,460
1,442
Molina
Healthcare
Inc
3.88%,
11/15/2030
(g)
802
703
3.88%,
05/15/2032
(g)
870
745
4.38%,
06/15/2028
(g)
935
876
Pediatrix
Medical
Group
Inc
5.38%,
02/15/2030
(g),(h)
260
233
Prime
Healthcare
Services
Inc
7.25%,
11/01/2025
(g)
2,005
1,995
RegionalCare
Hospital
Partners
Holdings
Inc
/
LifePoint
Health
Inc
9.75%,
12/01/2026
(g)
1,020
1,018
Select
Medical
Corp
6.25%,
08/15/2026
(g)
1,175
1,175
Star
Parent
Inc
9.00%,
10/01/2030
(g)
1,410
1,483
Surgery
Center
Holdings
Inc
6.75%,
07/01/2025
(g)
2,088
2,091
10.00%,
04/15/2027
(g)
5,383
5,417
Team
Health
Holdings
Inc
6.38%,
02/01/2025
(g)
969
829
Tenet
Healthcare
Corp
4.25%,
06/01/2029
395
367
4.38%,
01/15/2030
1,205
1,115
4.63%,
06/15/2028
2,770
2,627
4.88%,
01/01/2026
1,775
1,759
5.13%,
11/01/2027
1,527
1,483
Schedule
of
Investments
High
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
109
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Healthcare
-
Services
(continued)
Tenet
Healthcare
Corp
(continued)
6.13%,
10/01/2028
(h)
$
21,215
$
21,137
6.13%,
06/15/2030
3,929
3,927
6.25%,
02/01/2027
2,166
2,160
6.75%,
05/15/2031
(g)
4,830
4,940
6.88%,
11/15/2031
11
11
Toledo
Hospital/The
5.33%,
11/15/2028
1,080
1,002
6.02%,
11/15/2048
1,505
1,180
US
Acute
Care
Solutions
LLC
6.38%,
03/01/2026
(g)
1,246
1,089
$
113,733
Holding
Companies
-
Diversified
-
0
.07
%
Benteler
International
AG
10.50%,
05/15/2028
(g)
880
939
Stena
International
SA
6.13%,
02/01/2025
(g)
605
605
7.25%,
01/15/2031
(g)
990
991
$
2,535
Home
Builders
-
0
.52
%
Adams
Homes
Inc
9.25%,
10/15/2028
(g)
3,661
3,751
Ashton
Woods
USA
LLC
/
Ashton
Woods
Finance
Co
4.63%,
08/01/2029
(g)
385
347
4.63%,
04/01/2030
(g)
255
231
6.63%,
01/15/2028
(g)
255
251
Beazer
Homes
USA
Inc
5.88%,
10/15/2027
15
15
7.25%,
10/15/2029
308
309
Brookfield
Residential
Properties
Inc
/
Brookfield
Residential
US
LLC
4.88%,
02/15/2030
(g)
575
510
5.00%,
06/15/2029
(g)
278
253
6.25%,
09/15/2027
(g)
14
14
Century
Communities
Inc
3.88%,
08/15/2029
(g)
570
513
6.75%,
06/01/2027
979
986
Empire
Communities
Corp
7.00%,
12/15/2025
(g),(h)
485
479
Forestar
Group
Inc
3.85%,
05/15/2026
(g)
195
185
5.00%,
03/01/2028
(g)
15
14
Installed
Building
Products
Inc
5.75%,
02/01/2028
(g)
470
461
KB
Home
4.00%,
06/15/2031
675
595
4.80%,
11/15/2029
14
13
6.88%,
06/15/2027
310
320
7.25%,
07/15/2030
510
524
LGI
Homes
Inc
4.00%,
07/15/2029
(g)
1,061
908
8.75%,
12/15/2028
(g)
604
638
M/I
Homes
Inc
3.95%,
02/15/2030
435
386
4.95%,
02/01/2028
441
424
Mattamy
Group
Corp
4.63%,
03/01/2030
(g)
998
910
5.25%,
12/15/2027
(g)
650
627
New
Home
Co
Inc/The
8.25%,
10/15/2027
(g)
1,400
1,302
Shea
Homes
LP
/
Shea
Homes
Funding
Corp
4.75%,
02/15/2028
18
17
4.75%,
04/01/2029
350
328
STL
Holding
Co
LLC
7.50%,
02/15/2026
(g)
235
239
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Home
Builders
(continued)
Taylor
Morrison
Communities
Inc
5.13%,
08/01/2030
(g)
$
350
$
333
5.75%,
01/15/2028
(g)
490
486
5.88%,
06/15/2027
(g)
585
580
Thor
Industries
Inc
4.00%,
10/15/2029
(g)
10
9
Tri
Pointe
Homes
Inc
5.25%,
06/01/2027
30
30
5.70%,
06/15/2028
523
514
Winnebago
Industries
Inc
6.25%,
07/15/2028
(g)
19
19
$
17,521
Home
Furnishings
-
0
.07
%
Tempur
Sealy
International
Inc
3.88%,
10/15/2031
(g)
1,475
1,245
4.00%,
04/15/2029
(g)
1,081
975
$
2,220
Housewares
-
0
.40
%
CD&R
Smokey
Buyer
Inc
6.75%,
07/15/2025
(g)
4,563
4,472
Newell
Brands
Inc
4.88%,
06/01/2025
355
348
5.20%,
04/01/2026
2,361
2,298
6.37%,
04/01/2036
3,415
3,039
6.38%,
09/15/2027
(h)
1,276
1,253
6.50%,
04/01/2046
14
11
6.63%,
09/15/2029
1,020
989
Scotts
Miracle-Gro
Co/The
4.00%,
04/01/2031
242
203
4.50%,
10/15/2029
204
181
5.25%,
12/15/2026
187
181
SWF
Escrow
Issuer
Corp
6.50%,
10/01/2029
(g)
740
513
$
13,488
Insurance
-
3
.59
%
Acrisure
LLC
/
Acrisure
Finance
Inc
4.25%,
02/15/2029
(g)
3,260
2,923
6.00%,
08/01/2029
(g)
540
495
8.25%,
02/01/2029
(g)
17,154
17,198
10.13%,
08/01/2026
(g)
857
892
Alliant
Holdings
Intermediate
LLC
/
Alliant
Holdings
Co-Issuer
4.25%,
10/15/2027
(g)
13,672
12,718
5.88%,
11/01/2029
(g)
845
800
6.75%,
10/15/2027
(g)
5,367
5,240
6.75%,
04/15/2028
(g)
1,600
1,615
AmWINS
Group
Inc
4.88%,
06/30/2029
(g)
16,088
15,015
Assurant
Inc
7.00%,
03/27/2048
(h),(k)
415
423
3
Month
USD
LIBOR
+
4.14%
AssuredPartners
Inc
5.63%,
01/15/2029
(g)
10,363
9,787
7.00%,
08/15/2025
(g)
14,404
14,395
BroadStreet
Partners
Inc
5.88%,
04/15/2029
(g)
790
749
Constellation
Insurance
Inc
6.63%,
05/01/2031
(g)
280
270
6.80%,
01/24/2030
(g)
135
134
Genworth
Holdings
Inc
6.50%,
06/15/2034
1,085
995
Global
Atlantic
Fin
Co
4.70%,
10/15/2051
(g),(k)
952
848
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.80%
GTCR
AP
Finance
Inc
8.00%,
05/15/2027
(g)
8,834
8,851
Schedule
of
Investments
High
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
110
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Insurance
(continued)
HUB
International
Ltd
5.63%,
12/01/2029
(g)
$
1,903
$
1,795
7.25%,
06/15/2030
(g)
1,800
1,852
7.38%,
01/31/2032
(g)
14,785
15,141
Jones
Deslauriers
Insurance
Management
Inc
8.50%,
03/15/2030
(g)
5,595
5,805
10.50%,
12/15/2030
(g)
165
174
Liberty
Mutual
Group
Inc
4.13%,
12/15/2051
(g),(k)
580
508
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.32%
4.30%,
02/01/2061
(g)
61
40
7.80%,
03/07/2087
(g)
505
512
3
Month
USD
LIBOR
+
3.58%
NMI
Holdings
Inc
7.38%,
06/01/2025
(g)
640
646
Ryan
Specialty
LLC
4.38%,
02/01/2030
(g)
469
435
Sagicor
Financial
Co
Ltd
5.30%,
05/13/2028
(g)
720
685
USI
Inc/NY
7.50%,
01/15/2032
(g)
190
193
Wilton
RE
Ltd
6.00%,
10/22/2030
(g),(k),(m)
60
53
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.27%
$
121,187
Internet
-
1
.37
%
Acuris
Finance
US
Inc
/
Acuris
Finance
SARL
5.00%,
05/01/2028
(g)
20
17
ANGI
Group
LLC
3.88%,
08/15/2028
(g),(h)
639
550
Arches
Buyer
Inc
4.25%,
06/01/2028
(g)
1,010
903
6.13%,
12/01/2028
(g)
4,255
3,675
Cablevision
Lightpath
LLC
3.88%,
09/15/2027
(g)
6,669
5,975
5.63%,
09/15/2028
(g)
6,518
5,507
Cars.com
Inc
6.38%,
11/01/2028
(g)
597
583
Cogent
Communications
Group
Inc
3.50%,
05/01/2026
(g)
19
18
7.00%,
06/15/2027
(g)
736
738
EquipmentShare.com
Inc
9.00%,
05/15/2028
(g)
1,090
1,106
Gen
Digital
Inc
5.00%,
04/15/2025
(g)
175
174
6.75%,
09/30/2027
(g)
365
371
7.13%,
09/30/2030
(g),(h)
11,775
12,216
Getty
Images
Inc
9.75%,
03/01/2027
(g),(h)
268
268
Go
Daddy
Operating
Co
LLC
/
GD
Finance
Co
Inc
3.50%,
03/01/2029
(g)
665
602
5.25%,
12/01/2027
(g)
995
977
GrubHub
Holdings
Inc
5.50%,
07/01/2027
(g)
576
503
ION
Trading
Technologies
Sarl
5.75%,
05/15/2028
(g)
520
476
Match
Group
Holdings
II
LLC
3.63%,
10/01/2031
(g)
415
355
4.13%,
08/01/2030
(g)
800
720
4.63%,
06/01/2028
(g)
505
475
5.00%,
12/15/2027
(g)
865
837
5.63%,
02/15/2029
(g),(h)
369
359
Millennium
Escrow
Corp
6.63%,
08/01/2026
(g)
850
544
Newfold
Digital
Holdings
Group
Inc
6.00%,
02/15/2029
(g)
800
605
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Internet
(continued)
Northwest
Fiber
LLC
/
Northwest
Fiber
Finance
Sub
Inc
4.75%,
04/30/2027
(g)
$
65
$
63
6.00%,
02/15/2028
(g)
123
117
10.75%,
06/01/2028
(g)
210
215
Rakuten
Group
Inc
5.13%,
04/22/2026
(g),(k),(m)
761
620
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.58%
6.25%,
04/22/2031
(g),(h),(k),(m)
1,370
921
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.96%
TripAdvisor
Inc
7.00%,
07/15/2025
(g)
725
727
Uber
Technologies
Inc
4.50%,
08/15/2029
(g)
1,065
1,008
6.25%,
01/15/2028
(g)
590
593
7.50%,
09/15/2027
(g)
1,257
1,284
8.00%,
11/01/2026
(g)
849
864
Ziff
Davis
Inc
4.63%,
10/15/2030
(g)
1,255
1,149
$
46,115
Investment
Companies
-
0
.59
%
Compass
Group
Diversified
Holdings
LLC
5.00%,
01/15/2032
(g)
355
319
5.25%,
04/15/2029
(g)
710
676
Icahn
Enterprises
LP
/
Icahn
Enterprises
Finance
Corp
4.38%,
02/01/2029
7,514
6,279
5.25%,
05/15/2027
3,844
3,458
6.25%,
05/15/2026
2,205
2,113
6.38%,
12/15/2025
940
925
9.75%,
01/15/2029
(g)
6,047
6,206
$
19,976
Iron
&
Steel
-
1
.15
%
Allegheny
Ludlum
LLC
6.95%,
12/15/2025
170
173
ATI
Inc
4.88%,
10/01/2029
383
354
5.13%,
10/01/2031
128
117
5.88%,
12/01/2027
365
356
Baffinland
Iron
Mines
Corp
/
Baffinland
Iron
Mines
LP
8.75%,
07/15/2026
(g)
19,049
17,430
Big
River
Steel
LLC
/
BRS
Finance
Corp
6.63%,
01/31/2029
(g)
4,806
4,872
Carpenter
Technology
Corp
6.38%,
07/15/2028
369
369
7.63%,
03/15/2030
365
377
Cleveland-Cliffs
Inc
4.63%,
03/01/2029
(g)
375
352
4.88%,
03/01/2031
(g),(h)
221
199
5.88%,
06/01/2027
(h)
566
562
6.25%,
10/01/2040
123
108
6.75%,
03/15/2026
(g)
404
405
6.75%,
04/15/2030
(g)
79
80
Commercial
Metals
Co
3.88%,
02/15/2031
3
3
4.13%,
01/15/2030
465
423
4.38%,
03/15/2032
425
379
Mineral
Resources
Ltd
8.00%,
11/01/2027
(g)
500
511
8.13%,
05/01/2027
(g)
1,075
1,086
8.50%,
05/01/2030
(g)
1,380
1,420
Specialty
Steel
15.42%,
11/15/2026
(e),(f)
8,680
8,680
TMS
International
Corp/DE
6.25%,
04/15/2029
(g)
18
15
Schedule
of
Investments
High
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
111
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Iron
&
Steel
(continued)
United
States
Steel
Corp
6.88%,
03/01/2029
(h)
$
460
$
466
$
38,737
Leisure
Products
&
Services
-
1
.55
%
Acushnet
Co
7.38%,
10/15/2028
(g)
37
38
Carnival
Corp
4.00%,
08/01/2028
(g)
1,980
1,832
5.75%,
03/01/2027
(g)
15,785
15,551
6.00%,
05/01/2029
(g)
2,148
2,081
6.65%,
01/15/2028
689
669
7.00%,
08/15/2029
(g)
364
379
7.63%,
03/01/2026
(g),(h)
1,195
1,214
9.88%,
08/01/2027
(g)
1
1
10.50%,
06/01/2030
(g)
400
439
Carnival
Holdings
Bermuda
Ltd
10.38%,
05/01/2028
(g)
2,046
2,238
Carnival
PLC
7.88%,
06/01/2027
383
403
Life
Time
Inc
5.75%,
01/15/2026
(g)
1,785
1,765
8.00%,
04/15/2026
(g),(h)
205
205
Lindblad
Expeditions
Holdings
Inc
9.00%,
05/15/2028
(g)
300
312
Lindblad
Expeditions
LLC
6.75%,
02/15/2027
(g)
200
198
MajorDrive
Holdings
IV
LLC
6.38%,
06/01/2029
(g)
1,090
922
NCL
Corp
Ltd
5.88%,
03/15/2026
(g)
2,085
2,033
5.88%,
02/15/2027
(g)
940
926
7.75%,
02/15/2029
(g)
963
972
8.13%,
01/15/2029
(g)
1,202
1,262
8.38%,
02/01/2028
(g)
540
567
NCL
Finance
Ltd
6.13%,
03/15/2028
(g)
565
540
Royal
Caribbean
Cruises
Ltd
3.70%,
03/15/2028
810
747
4.25%,
07/01/2026
(g)
920
885
5.38%,
07/15/2027
(g)
1,350
1,328
5.50%,
08/31/2026
(g)
1,060
1,049
5.50%,
04/01/2028
(g)
5,130
5,065
7.25%,
01/15/2030
(g)
115
120
7.50%,
10/15/2027
10
11
8.25%,
01/15/2029
(g)
1,736
1,842
9.25%,
01/15/2029
(g)
1,153
1,238
11.63%,
08/15/2027
(g)
1,795
1,953
Viking
Cruises
Ltd
5.88%,
09/15/2027
(g)
11
11
6.25%,
05/15/2025
(g)
18
18
7.00%,
02/15/2029
(g)
1,001
999
9.13%,
07/15/2031
(g)
1,234
1,320
Viking
Ocean
Cruises
Ship
VII
Ltd
5.63%,
02/15/2029
(g)
330
321
Vista
Outdoor
Inc
4.50%,
03/15/2029
(g)
495
483
VOC
Escrow
Ltd
5.00%,
02/15/2028
(g)
545
520
$
52,457
Lodging
-
2
.05
%
Boyd
Gaming
Corp
4.75%,
12/01/2027
970
937
4.75%,
06/15/2031
(g)
16,521
15,176
Full
House
Resorts
Inc
8.25%,
02/15/2028
(g),(h)
1,700
1,611
Genting
New
York
LLC
/
GENNY
Capital
Inc
3.30%,
02/15/2026
(g)
595
552
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Lodging
(continued)
Hilton
Domestic
Operating
Co
Inc
3.63%,
02/15/2032
(g)
$
2,435
$
2,090
3.75%,
05/01/2029
(g)
1,210
1,110
4.00%,
05/01/2031
(g)
1,555
1,398
4.88%,
01/15/2030
730
704
Hilton
Grand
Vacations
Borrower
Escrow
LLC
/
Hilton
Grand
Vacations
Borrower
Esc
6.63%,
01/15/2032
(g)
1,250
1,253
Hilton
Grand
Vacations
Borrower
Escrow
LLC
/
Hilton
Grand
Vacations
Borrower
Escrow
Inc
4.88%,
07/01/2031
(g)
682
605
5.00%,
06/01/2029
(g)
746
689
Hilton
Worldwide
Finance
LLC
/
Hilton
Worldwide
Finance
Corp
4.88%,
04/01/2027
169
166
Las
Vegas
Sands
Corp
2.90%,
06/25/2025
13
13
3.50%,
08/18/2026
1,898
1,814
3.90%,
08/08/2029
89
82
Marriott
Ownership
Resorts
Inc
4.50%,
06/15/2029
(g),(h)
579
521
4.75%,
01/15/2028
20
18
Melco
Resorts
Finance
Ltd
4.88%,
06/06/2025
(h)
1,249
1,215
5.38%,
12/04/2029
(g)
2,215
1,971
5.75%,
07/21/2028
(g)
1,205
1,123
MGM
China
Holdings
Ltd
4.75%,
02/01/2027
(g)
120
112
5.25%,
06/18/2025
(g),(h)
620
605
5.88%,
05/15/2026
(g),(h)
1,390
1,361
MGM
Resorts
International
4.63%,
09/01/2026
21
20
4.75%,
10/15/2028
925
876
5.50%,
04/15/2027
843
829
5.75%,
06/15/2025
700
700
6.75%,
05/01/2025
800
802
Station
Casinos
LLC
4.50%,
02/15/2028
(g)
1,565
1,471
4.63%,
12/01/2031
(g)
19,765
17,740
Studio
City
Co
Ltd
7.00%,
02/15/2027
(g)
20
20
Studio
City
Finance
Ltd
5.00%,
01/15/2029
(g)
1,010
862
6.00%,
07/15/2025
(g)
305
301
6.50%,
01/15/2028
(g)
1,879
1,743
Travel
+
Leisure
Co
4.50%,
12/01/2029
(g)
705
643
4.63%,
03/01/2030
(g)
337
303
6.00%,
04/01/2027
1,189
1,189
6.63%,
07/31/2026
(g)
200
202
Wyndham
Hotels
&
Resorts
Inc
4.38%,
08/15/2028
(g)
545
509
Wynn
Las
Vegas
LLC
/
Wynn
Las
Vegas
Capital
Corp
5.25%,
05/15/2027
(g)
1,549
1,514
5.50%,
03/01/2025
(g)
774
773
Wynn
Macau
Ltd
5.13%,
12/15/2029
(g)
1,085
965
5.50%,
01/15/2026
(g)
510
495
5.50%,
10/01/2027
(g)
730
686
5.63%,
08/26/2028
(g)
1,550
1,443
$
69,212
Machinery
-
Construction
&
Mining
-
0
.08
%
BWX
Technologies
Inc
4.13%,
06/30/2028
(g)
657
617
4.13%,
04/15/2029
(g)
410
380
Manitowoc
Co
Inc/The
9.00%,
04/01/2026
(g)
225
225
Schedule
of
Investments
High
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
112
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Machinery
-
Construction
&
Mining
(continued)
Terex
Corp
5.00%,
05/15/2029
(g)
$
756
$
714
Vertiv
Group
Corp
4.13%,
11/15/2028
(g)
1,000
928
$
2,864
Machinery
-
Diversified
-
1
.23
%
ATS
Corp
4.13%,
12/15/2028
(g)
346
314
Chart
Industries
Inc
7.50%,
01/01/2030
(g)
8,697
8,928
9.50%,
01/01/2031
(g)
8,070
8,607
GrafTech
Finance
Inc
4.63%,
12/15/2028
(g)
628
416
GrafTech
Global
Enterprises
Inc
9.88%,
12/15/2028
(g),(h)
492
368
Husky
III
Holding
Ltd
13.00%,
PIK
13.75%;
02/15/2025
(g),(i),(j)
213
213
Mueller
Water
Products
Inc
4.00%,
06/15/2029
(g)
360
326
OT
Merger
Corp
7.88%,
10/15/2029
(g)
345
208
SPX
FLOW
Inc
8.75%,
04/01/2030
(g)
6,756
6,653
Titan
Acquisition
Ltd
/
Titan
Co-Borrower
LLC
7.75%,
04/15/2026
(g)
12,929
12,962
TK
Elevator
Holdco
GmbH
7.63%,
07/15/2028
(g)
610
605
TK
Elevator
US
Newco
Inc
5.25%,
07/15/2027
(g)
1,832
1,766
$
41,366
Media
-
5
.51
%
Altice
Financing
SA
5.00%,
01/15/2028
(g)
1,891
1,699
5.75%,
08/15/2029
(g)
2,663
2,321
AMC
Networks
Inc
4.25%,
02/15/2029
1,255
965
4.75%,
08/01/2025
1,120
1,079
Audacy
Capital
Corp
0.00%,
03/31/2029
(d),(g)
365
16
Beasley
Mezzanine
Holdings
LLC
8.63%,
02/01/2026
(g)
360
232
Belo
Corp
7.25%,
09/15/2027
(h)
390
395
Block
Communications
Inc
4.88%,
03/01/2028
(g)
17
15
Cable
One
Inc
4.00%,
11/15/2030
(g),(h)
1,670
1,344
CCO
Holdings
LLC
/
CCO
Holdings
Capital
Corp
4.25%,
02/01/2031
(g)
12,015
10,159
4.25%,
01/15/2034
(g)
7,488
5,954
4.50%,
08/15/2030
(g)
2,370
2,061
4.50%,
05/01/2032
8,493
7,085
4.50%,
06/01/2033
(g)
3,122
2,561
4.75%,
03/01/2030
(g)
6,795
6,038
4.75%,
02/01/2032
(g)
1,740
1,492
5.00%,
02/01/2028
(g)
3,700
3,477
5.13%,
05/01/2027
(g)
3,723
3,591
5.38%,
06/01/2029
(g)
4,882
4,539
5.50%,
05/01/2026
(g)
1,180
1,169
6.38%,
09/01/2029
(g)
1,677
1,633
7.38%,
03/01/2031
(g),(h)
880
889
CSC
Holdings
LLC
3.38%,
02/15/2031
(g)
1,900
1,301
4.13%,
12/01/2030
(g)
2,910
2,103
4.50%,
11/15/2031
(g)
1,110
796
4.63%,
12/01/2030
(g)
12,840
6,563
5.00%,
11/15/2031
(g)
10
5
5.38%,
02/01/2028
(g)
900
773
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Media
(continued)
CSC
Holdings
LLC
(continued)
5.50%,
04/15/2027
(g)
$
1,280
$
1,150
5.75%,
01/15/2030
(g)
2,592
1,372
6.50%,
02/01/2029
(g)
1,563
1,329
7.50%,
04/01/2028
(g)
3,885
2,586
11.25%,
05/15/2028
(g)
1,010
1,023
11.75%,
01/31/2029
(g)
2,170
2,204
Cumulus
Media
New
Holdings
Inc
6.75%,
07/01/2026
(g)
406
261
Directv
Financing
LLC
8.88%,
02/01/2030
(g)
985
1,005
Directv
Financing
LLC
/
Directv
Financing
Co-
Obligor
Inc
5.88%,
08/15/2027
(g)
5,044
4,795
DISH
DBS
Corp
5.25%,
12/01/2026
(g)
3,380
2,662
5.75%,
12/01/2028
(g)
3,825
2,573
5.88%,
11/15/2024
3,700
3,435
DISH
Network
Corp
11.75%,
11/15/2027
(g)
6,053
6,318
Gannett
Holdings
LLC
6.00%,
11/01/2026
(g)
375
338
Gray
Television
Inc
4.75%,
10/15/2030
(g)
332
260
5.38%,
11/15/2031
(g)
1,070
837
7.00%,
05/15/2027
(g),(h)
785
767
Historic
TW
Inc
8.30%,
01/15/2036
(i)
13
15
iHeartCommunications
Inc
4.75%,
01/15/2028
(g)
570
426
5.25%,
08/15/2027
(g)
821
637
6.38%,
05/01/2026
1,002
861
8.38%,
05/01/2027
679
421
LCPR
Senior
Secured
Financing
DAC
5.13%,
07/15/2029
(g)
1,061
934
6.75%,
10/15/2027
(g)
1,265
1,219
Liberty
Interactive
LLC
8.25%,
02/01/2030
237
125
8.50%,
07/15/2029
221
117
McGraw-Hill
Education
Inc
5.75%,
08/01/2028
(g)
50
47
8.00%,
08/01/2029
(g)
856
794
Midcontinent
Communications
/
Midcontinent
Finance
Corp
5.38%,
08/15/2027
(g)
1,015
984
News
Corp
3.88%,
05/15/2029
(g)
1,285
1,181
5.13%,
02/15/2032
(g)
20
19
Nexstar
Media
Inc
4.75%,
11/01/2028
(g)
1,517
1,389
5.63%,
07/15/2027
(g)
8,818
8,588
Paramount
Global
6.25%,
02/28/2057
(k)
757
655
3
Month
USD
LIBOR
+
3.90%
6.38%,
03/30/2062
(k)
1,165
1,040
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.00%
Radiate
Holdco
LLC
/
Radiate
Finance
Inc
4.50%,
09/15/2026
(g)
996
770
6.50%,
09/15/2028
(g)
1,085
467
Scripps
Escrow
II
Inc
3.88%,
01/15/2029
(g)
13
11
5.38%,
01/15/2031
(g),(h)
2,783
2,115
Scripps
Escrow
Inc
5.88%,
07/15/2027
(g)
1,228
1,107
Schedule
of
Investments
High
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
113
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Media
(continued)
Sinclair
Television
Group
Inc
4.13%,
12/01/2030
(g)
$
1,135
$
877
5.13%,
02/15/2027
(g)
18
17
5.50%,
03/01/2030
(g),(h)
830
640
Sirius
XM
Radio
Inc
3.13%,
09/01/2026
(g)
1,178
1,100
3.88%,
09/01/2031
(g)
5,650
4,710
4.00%,
07/15/2028
(g)
5,005
4,545
4.13%,
07/01/2030
(g)
6,030
5,276
5.00%,
08/01/2027
(g)
1,645
1,581
5.50%,
07/01/2029
(g)
1,322
1,256
Spanish
Broadcasting
System
Inc
9.75%,
03/01/2026
(g)
315
165
SportsNet
New
York
10.25%,
01/15/2025
(e),(f)
4,130
4,068
Sunrise
FinCo
I
BV
4.88%,
07/15/2031
(g)
280
246
Sunrise
HoldCo
IV
BV
5.50%,
01/15/2028
(g)
15
14
TEGNA
Inc
4.63%,
03/15/2028
2,279
2,126
4.75%,
03/15/2026
(g)
658
640
5.00%,
09/15/2029
2,045
1,889
Telenet
Finance
Luxembourg
Notes
Sarl
5.50%,
03/01/2028
(g)
1,400
1,324
Townsquare
Media
Inc
6.88%,
02/01/2026
(g)
350
343
Univision
Communications
Inc
4.50%,
05/01/2029
(g)
1,350
1,200
6.63%,
06/01/2027
(g)
2,467
2,440
7.38%,
06/30/2030
(g)
590
578
8.00%,
08/15/2028
(g)
1,517
1,544
Urban
One
Inc
7.38%,
02/01/2028
(g)
360
319
Videotron
Ltd
3.63%,
06/15/2029
(g),(h)
1,275
1,163
5.13%,
04/15/2027
(g)
838
825
Virgin
Media
Finance
PLC
5.00%,
07/15/2030
(g)
12,496
11,161
Virgin
Media
Secured
Finance
PLC
4.50%,
08/15/2030
(g)
950
849
5.50%,
05/15/2029
(g)
1,675
1,611
Virgin
Media
Vendor
Financing
Notes
IV
DAC
5.00%,
07/15/2028
(g)
660
621
VZ
Secured
Financing
BV
5.00%,
01/15/2032
(g)
2,345
2,050
Warner
Media
LLC
7.63%,
04/15/2031
300
325
Ziggo
Bond
Co
BV
5.13%,
02/28/2030
(g)
1,315
1,109
6.00%,
01/15/2027
(g)
1,035
1,016
Ziggo
BV
4.88%,
01/15/2030
(g)
1,515
1,355
$
186,075
Metal
Fabrication
&
Hardware
-
0
.05
%
Advanced
Drainage
Systems
Inc
6.38%,
06/15/2030
(g)
1,285
1,295
Park-Ohio
Industries
Inc
6.63%,
04/15/2027
486
445
Roller
Bearing
Co
of
America
Inc
4.38%,
10/15/2029
(g)
15
14
$
1,754
Mining
-
1
.51
%
AngloGold
Ashanti
Holdings
PLC
6.50%,
04/15/2040
350
347
Arsenal
AIC
Parent
LLC
8.00%,
10/01/2030
(g)
6,597
6,881
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Mining
(continued)
Century
Aluminum
Co
7.50%,
04/01/2028
(g),(h)
$
11,365
$
10,973
Coeur
Mining
Inc
5.13%,
02/15/2029
(g),(h)
912
830
Compass
Minerals
International
Inc
6.75%,
12/01/2027
(g)
953
940
Constellium
SE
3.75%,
04/15/2029
(g)
5,425
4,875
5.63%,
06/15/2028
(g)
1,055
1,032
5.88%,
02/15/2026
(g)
2,110
2,097
FMG
Resources
August
2006
Pty
Ltd
4.38%,
04/01/2031
(g)
2,435
2,191
4.50%,
09/15/2027
(g)
833
801
5.88%,
04/15/2030
(g)
110
109
6.13%,
04/15/2032
(g)
919
909
Hecla
Mining
Co
7.25%,
02/15/2028
740
741
Hudbay
Minerals
Inc
4.50%,
04/01/2026
1,110
1,076
6.13%,
04/01/2029
550
542
JW
Aluminum
Continuous
Cast
Co
10.25%,
06/01/2026
(g)
435
439
Kaiser
Aluminum
Corp
4.50%,
06/01/2031
(g)
861
735
4.63%,
03/01/2028
(g)
1,245
1,147
New
Gold
Inc
7.50%,
07/15/2027
(g)
359
357
Northwest
Acquisitions
ULC
/
Dominion
Finco
Inc
0.00%,
11/01/2022
(d),(g)
15,820
2
Novelis
Corp
3.25%,
11/15/2026
(g)
585
548
3.88%,
08/15/2031
(g)
2,735
2,372
4.75%,
01/30/2030
(g)
10,410
9,656
Perenti
Finance
Pty
Ltd
6.50%,
10/07/2025
(g)
815
801
Taseko
Mines
Ltd
7.00%,
02/15/2026
(g)
430
422
$
50,823
Miscellaneous
Manufacturers
-
0
.16
%
Amsted
Industries
Inc
4.63%,
05/15/2030
(g)
470
424
5.63%,
07/01/2027
(g)
600
592
Calderys
Financing
LLC
11.25%,
06/01/2028
(g)
590
627
Enpro
Inc
5.75%,
10/15/2026
11
11
FXI
Holdings
Inc
12.25%,
11/15/2026
(g)
1,651
1,608
12.25%,
11/15/2026
(g)
500
486
Gates
Global
LLC
/
Gates
Corp
6.25%,
01/15/2026
(g)
80
80
Hillenbrand
Inc
3.75%,
03/01/2031
18
15
5.00%,
09/15/2026
595
582
5.75%,
06/15/2025
17
17
LSB
Industries
Inc
6.25%,
10/15/2028
(g)
730
693
Trinity
Industries
Inc
7.75%,
07/15/2028
(g)
300
312
$
5,447
Office
&
Business
Equipment
-
0
.14
%
Pitney
Bowes
Inc
6.88%,
03/15/2027
(g),(h)
11
10
7.25%,
03/15/2029
(g),(h)
1,354
1,153
Xerox
Corp
4.80%,
03/01/2035
370
277
6.75%,
12/15/2039
490
412
Schedule
of
Investments
High
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
114
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Office
&
Business
Equipment
(continued)
Xerox
Holdings
Corp
5.00%,
08/15/2025
(g)
$
1,206
$
1,178
5.50%,
08/15/2028
(g)
1,705
1,553
$
4,583
Office
Furnishings
-
0
.04
%
Steelcase
Inc
5.13%,
01/18/2029
1,453
1,392
Oil
&
Gas
-
4
.74
%
Aethon
United
BR
LP
/
Aethon
United
Finance
Corp
8.25%,
02/15/2026
(g)
1,100
1,090
Antero
Resources
Corp
7.63%,
02/01/2029
(g)
1,164
1,199
Ascent
Resources
Utica
Holdings
LLC
/
ARU
Finance
Corp
5.88%,
06/30/2029
(g)
1,040
980
7.00%,
11/01/2026
(g)
530
530
8.25%,
12/31/2028
(g)
63
64
Athabasca
Oil
Corp
9.75%,
11/01/2026
(g)
301
318
Baytex
Energy
Corp
8.50%,
04/30/2030
(g)
1,853
1,924
8.75%,
04/01/2027
(g),(h)
1,280
1,332
Berry
Petroleum
Co
LLC
7.00%,
02/15/2026
(g)
465
455
California
Resources
Corp
7.13%,
02/01/2026
(g)
680
688
Callon
Petroleum
Co
6.38%,
07/01/2026
(h)
275
275
7.50%,
06/15/2030
(g)
3,240
3,413
8.00%,
08/01/2028
(g)
499
516
Calumet
Specialty
Products
Partners
LP
/
Calumet
Finance
Corp
8.13%,
01/15/2027
(g)
476
468
9.75%,
07/15/2028
(g)
296
297
11.00%,
04/15/2025
(g)
11
11
Chesapeake
Energy
Corp
5.50%,
02/01/2026
(g)
1,000
995
5.88%,
02/01/2029
(g)
954
947
6.75%,
04/15/2029
(g)
2,905
2,938
Chord
Energy
Corp
6.38%,
06/01/2026
(g)
14
14
Civitas
Resources
Inc
5.00%,
10/15/2026
(g)
750
730
8.38%,
07/01/2028
(g)
2,630
2,766
8.63%,
11/01/2030
(g)
4,345
4,634
8.75%,
07/01/2031
(g)
2,588
2,751
CNX
Resources
Corp
6.00%,
01/15/2029
(g)
1,110
1,073
7.25%,
03/14/2027
(g)
15
15
7.38%,
01/15/2031
(g),(h)
5,259
5,341
Comstock
Resources
Inc
5.88%,
01/15/2030
(g),(h)
12,910
11,188
6.75%,
03/01/2029
(g)
2,634
2,419
Crescent
Energy
Finance
LLC
7.25%,
05/01/2026
(g)
1,575
1,569
9.25%,
02/15/2028
(g)
637
661
CrownRock
LP
/
CrownRock
Finance
Inc
5.00%,
05/01/2029
(g)
321
317
CVR
Energy
Inc
5.25%,
02/15/2025
(g)
160
160
5.75%,
02/15/2028
(g)
10
9
8.50%,
01/15/2029
(g)
4,213
4,218
Diamond
Foreign
Asset
Co
/
Diamond
Finance
LLC
8.50%,
10/01/2030
(g)
10
10
Encino
Acquisition
Partners
Holdings
LLC
8.50%,
05/01/2028
(g)
1,150
1,141
Endeavor
Energy
Resources
LP
/
EER
Finance
Inc
5.75%,
01/30/2028
(g)
337
335
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Oil
&
Gas
(continued)
EnQuest
PLC
11.63%,
11/01/2027
(g)
$
40
$
38
Global
Marine
Inc
7.00%,
06/01/2028
500
438
Greenfire
Resources
Ltd
12.00%,
10/01/2028
(g)
430
446
Gulfport
Energy
Corp
8.00%,
05/17/2026
490
492
Harbour
Energy
PLC
5.50%,
10/15/2026
(g)
1,285
1,254
HF
Sinclair
Corp
5.00%,
02/01/2028
(g)
2,620
2,543
Hilcorp
Energy
I
LP
/
Hilcorp
Finance
Co
5.75%,
02/01/2029
(g)
940
907
6.00%,
04/15/2030
(g)
3,550
3,447
6.00%,
02/01/2031
(g)
3,372
3,237
6.25%,
11/01/2028
(g)
119
119
6.25%,
04/15/2032
(g)
4,792
4,600
8.38%,
11/01/2033
(g)
2,100
2,257
Ithaca
Energy
North
Sea
PLC
9.00%,
07/15/2026
(g)
535
533
Magnolia
Oil
&
Gas
Operating
LLC
/
Magnolia
Oil
&
Gas
Finance
Corp
6.00%,
08/01/2026
(g)
374
370
Matador
Resources
Co
5.88%,
09/15/2026
790
783
6.88%,
04/15/2028
(g)
10
10
MEG
Energy
Corp
5.88%,
02/01/2029
(g)
3,595
3,508
7.13%,
02/01/2027
(g)
465
471
Moss
Creek
Resources
Holdings
Inc
7.50%,
01/15/2026
(g)
1,671
1,665
10.50%,
05/15/2027
(g)
1,350
1,389
Murphy
Oil
Corp
5.87%,
12/01/2042
15
13
5.88%,
12/01/2027
495
491
6.38%,
07/15/2028
788
789
Nabors
Industries
Inc
7.38%,
05/15/2027
(g)
1,645
1,616
9.13%,
01/31/2030
(g)
12
12
Nabors
Industries
Ltd
7.25%,
01/15/2026
(g)
1,035
1,009
7.50%,
01/15/2028
(g)
820
750
Neptune
Energy
Bondco
PLC
6.63%,
05/15/2025
(g)
1,275
1,266
Northern
Oil
&
Gas
Inc
8.13%,
03/01/2028
(g)
1,141
1,159
Parkland
Corp
4.50%,
10/01/2029
(g)
368
338
4.63%,
05/01/2030
(g)
635
585
5.88%,
07/15/2027
(g)
75
74
PBF
Holding
Co
LLC
/
PBF
Finance
Corp
6.00%,
02/15/2028
525
513
7.88%,
09/15/2030
(g)
1,316
1,363
Permian
Resources
Operating
LLC
5.38%,
01/15/2026
(g)
335
331
5.88%,
07/01/2029
(g)
2,398
2,345
6.88%,
04/01/2027
(g)
200
199
7.00%,
01/15/2032
(g)
1,012
1,045
7.75%,
02/15/2026
(g)
323
328
8.00%,
04/15/2027
(g)
500
518
9.88%,
07/15/2031
(g)
1,767
1,957
Petrofac
Ltd
9.75%,
11/15/2026
(g)
797
425
Precision
Drilling
Corp
6.88%,
01/15/2029
(g)
190
187
7.13%,
01/15/2026
(g)
205
203
Schedule
of
Investments
High
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
115
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Oil
&
Gas
(continued)
Puma
International
Financing
SA
5.00%,
01/24/2026
(g)
$
2,330
$
2,207
Range
Resources
Corp
4.75%,
02/15/2030
(g),(h)
1,130
1,051
4.88%,
05/15/2025
240
237
8.25%,
01/15/2029
435
451
Rockcliff
Energy
II
LLC
5.50%,
10/15/2029
(g)
1,550
1,443
Sitio
Royalties
Operating
Partnership
LP
/
Sitio
Finance
Corp
7.88%,
11/01/2028
(g)
200
205
SM
Energy
Co
5.63%,
06/01/2025
15
15
6.50%,
07/15/2028
(h)
800
800
6.63%,
01/15/2027
11
11
6.75%,
09/15/2026
1,075
1,074
Southwestern
Energy
Co
4.75%,
02/01/2032
795
736
5.38%,
02/01/2029
535
522
5.38%,
03/15/2030
1,549
1,497
8.38%,
09/15/2028
165
171
Strathcona
Resources
Ltd/Alberta
6.88%,
08/01/2026
(g)
1,190
1,179
Sunoco
LP
/
Sunoco
Finance
Corp
4.50%,
05/15/2029
1,365
1,272
4.50%,
04/30/2030
5,125
4,737
5.88%,
03/15/2028
4,337
4,310
6.00%,
04/15/2027
788
788
7.00%,
09/15/2028
(g)
80
82
Talos
Energy
Ventures
GOM
LLC
/
Talos
Finance
Corp
11.75%,
04/15/2026
(g)
167
174
Talos
Production
Inc
9.00%,
02/01/2029
(g),(l)
875
887
9.38%,
02/01/2031
(g),(l)
875
895
12.00%,
01/15/2026
998
1,029
Teine
Energy
Ltd
6.88%,
04/15/2029
(g)
4,907
4,654
Transocean
Aquila
Ltd
8.00%,
09/30/2028
(g)
67
69
Transocean
Inc
6.80%,
03/15/2038
4,875
3,947
7.25%,
11/01/2025
(g)
1,085
1,074
7.50%,
01/15/2026
(g)
32
32
7.50%,
04/15/2031
1,410
1,244
8.00%,
02/01/2027
(g)
114
113
8.75%,
02/15/2030
(g)
3,902
4,044
9.35%,
12/15/2041
400
361
11.50%,
01/30/2027
(g)
1,445
1,510
Transocean
Poseidon
Ltd
6.88%,
02/01/2027
(g)
14
14
Transocean
Titan
Financing
Ltd
8.38%,
02/01/2028
(g)
10
10
Valaris
Ltd
8.38%,
04/30/2030
(g)
478
490
Vermilion
Energy
Inc
5.63%,
03/15/2025
(g)
369
366
6.88%,
05/01/2030
(g)
515
496
Viper
Energy
Inc
5.38%,
11/01/2027
(g)
400
394
7.38%,
11/01/2031
(g),(h)
8,275
8,551
Vital
Energy
Inc
7.75%,
07/31/2029
(g)
1,035
1,023
9.75%,
10/15/2030
20
21
10.13%,
01/15/2028
1,511
1,583
W&T
Offshore
Inc
11.75%,
02/01/2026
(g),(h)
410
424
$
160,007
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Oil
&
Gas
Services
-
0
.28
%
Archrock
Partners
LP
/
Archrock
Partners
Finance
Corp
6.25%,
04/01/2028
(g)
$
985
$
974
6.88%,
04/01/2027
(g)
15
15
Bristow
Group
Inc
6.88%,
03/01/2028
(g)
415
406
CGG
SA
8.75%,
04/01/2027
(g),(h)
414
365
CSI
Compressco
LP
/
CSI
Compressco
Finance
Inc
7.50%,
04/01/2025
(g)
25
25
Enerflex
Ltd
9.00%,
10/15/2027
(g)
730
734
KCA
Deutag
UK
Finance
PLC
9.88%,
12/01/2025
(g)
1,186
1,195
KLX
Energy
Services
Holdings
Inc
11.50%,
11/01/2025
(g)
455
449
Oceaneering
International
Inc
6.00%,
02/01/2028
479
468
6.00%,
02/01/2028
946
924
TechnipFMC
PLC
6.50%,
02/01/2026
(g)
50
50
Telford
Offshore
Ltd
12.00%,
PIK
12.00%
(i),(j),(m)
504
8
USA
Compression
Partners
LP
/
USA
Compression
Finance
Corp
6.88%,
04/01/2026
807
802
6.88%,
09/01/2027
1,054
1,053
Weatherford
International
Ltd
6.50%,
09/15/2028
(g),(h)
74
75
8.63%,
04/30/2030
(g)
2,035
2,079
$
9,622
Packaging
&
Containers
-
2
.74
%
ARD
Finance
SA
6.50%,
PIK
7.25%;
06/30/2027
(g),(i),(j)
1,047
506
Ardagh
Metal
Packaging
Finance
USA
LLC
/
Ardagh
Metal
Packaging
Finance
PLC
3.25%,
09/01/2028
(g)
1,278
1,117
4.00%,
09/01/2029
(g)
22,809
18,486
6.00%,
06/15/2027
(g)
785
776
Ardagh
Packaging
Finance
PLC
/
Ardagh
Holdings
USA
Inc
4.13%,
08/15/2026
(g)
1,680
1,509
5.25%,
04/30/2025
(g)
1,495
1,461
5.25%,
08/15/2027
(g)
934
698
5.25%,
08/15/2027
(g)
1,060
792
Ball
Corp
2.88%,
08/15/2030
1,825
1,555
3.13%,
09/15/2031
(h)
450
381
4.88%,
03/15/2026
900
889
5.25%,
07/01/2025
885
883
6.00%,
06/15/2029
1,986
2,003
Berry
Global
Inc
4.50%,
02/15/2026
(g)
296
288
5.63%,
07/15/2027
(g)
500
496
Cascades
Inc/Cascades
USA
Inc
5.38%,
01/15/2028
(g)
511
500
Clearwater
Paper
Corp
4.75%,
08/15/2028
(g)
19
18
Clydesdale
Acquisition
Holdings
Inc
6.63%,
04/15/2029
(g)
1,310
1,303
8.75%,
04/15/2030
(g)
1,170
1,111
Crown
Americas
LLC
5.25%,
04/01/2030
540
522
Crown
Americas
LLC
/
Crown
Americas
Capital
Corp
V
4.25%,
09/30/2026
475
458
Schedule
of
Investments
High
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
116
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Packaging
&
Containers
(continued)
Crown
Americas
LLC
/
Crown
Americas
Capital
Corp
VI
4.75%,
02/01/2026
$
670
$
656
Crown
Cork
&
Seal
Co
Inc
7.38%,
12/15/2026
654
685
Graham
Packaging
Co
Inc
7.13%,
08/15/2028
(g)
1,035
924
Graphic
Packaging
International
LLC
3.50%,
03/15/2028
(g)
1,158
1,069
3.50%,
03/01/2029
(g)
576
518
3.75%,
02/01/2030
(g)
11
10
4.75%,
07/15/2027
(g)
1,060
1,029
Intelligent
Packaging
Ltd
Finco
Inc
/
Intelligent
Packaging
Ltd
Co-Issuer
LLC
6.00%,
09/15/2028
(g)
6,526
6,136
LABL
Inc
5.88%,
11/01/2028
(g)
1,300
1,164
6.75%,
07/15/2026
(g)
820
798
8.25%,
11/01/2029
(g)
545
446
9.50%,
11/01/2028
(g)
12
12
10.50%,
07/15/2027
(g)
1,045
999
Mauser
Packaging
Solutions
Holding
Co
7.88%,
08/15/2026
(g)
3,498
3,535
9.25%,
04/15/2027
(g)
1,989
1,920
OI
European
Group
BV
4.75%,
02/15/2030
(g)
282
261
Owens-Brockway
Glass
Container
Inc
6.38%,
08/15/2025
(g)
163
163
6.63%,
05/13/2027
(g)
415
413
7.25%,
05/15/2031
(g)
500
502
Pactiv
Evergreen
Group
Issuer
Inc/Pactiv
Evergreen
Group
Issuer
LLC
4.00%,
10/15/2027
(g)
315
294
Pactiv
Evergreen
Group
Issuer
LLC
/
Pactiv
Evergreen
Group
Issuer
Inc
4.38%,
10/15/2028
(g)
758
707
Pactiv
LLC
7.95%,
12/15/2025
124
126
8.38%,
04/15/2027
10
10
Sealed
Air
Corp
4.00%,
12/01/2027
(g)
390
364
5.00%,
04/15/2029
(g)
423
406
5.50%,
09/15/2025
(g)
309
309
6.88%,
07/15/2033
(g)
1,030
1,075
Sealed
Air
Corp/Sealed
Air
Corp
US
6.13%,
02/01/2028
(g)
870
873
7.25%,
02/15/2031
(g)
4,725
4,940
Silgan
Holdings
Inc
4.13%,
02/01/2028
715
670
Trident
TPI
Holdings
Inc
12.75%,
12/31/2028
(g)
6,875
7,332
TriMas
Corp
4.13%,
04/15/2029
(g)
1,027
914
Trivium
Packaging
Finance
BV
5.50%,
08/15/2026
(g)
17,180
16,772
8.50%,
08/15/2027
(g)
702
685
$
92,469
Pharmaceuticals
-
1
.11
%
180
Medical
Inc
3.88%,
10/15/2029
(g)
25
22
AdaptHealth
LLC
4.63%,
08/01/2029
(g)
580
455
5.13%,
03/01/2030
(g)
1,563
1,222
6.13%,
08/01/2028
(g)
765
670
Bausch
Health
Americas
Inc
8.50%,
01/31/2027
(g)
700
385
9.25%,
04/01/2026
(g)
1,556
1,451
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pharmaceuticals
(continued)
Bausch
Health
Cos
Inc
4.88%,
06/01/2028
(g)
$
1,850
$
1,046
5.00%,
01/30/2028
(g)
500
218
5.00%,
02/15/2029
(g)
500
209
5.25%,
01/30/2030
(g)
835
339
5.25%,
02/15/2031
(g)
490
206
5.50%,
11/01/2025
(g)
2,335
2,146
5.75%,
08/15/2027
(g)
585
349
6.13%,
02/01/2027
(g)
905
573
6.25%,
02/15/2029
(g)
955
409
7.00%,
01/15/2028
(g)
225
98
7.25%,
05/30/2029
(g)
400
168
9.00%,
12/15/2025
(g)
412
389
11.00%,
09/30/2028
(g)
2,351
1,599
14.00%,
10/15/2030
(g)
221
124
BellRing
Brands
Inc
7.00%,
03/15/2030
(g)
297
304
Cheplapharm
Arzneimittel
GmbH
5.50%,
01/15/2028
(g)
585
560
Elanco
Animal
Health
Inc
6.65%,
08/28/2028
605
614
Grifols
SA
3.88%,
10/15/2028
(g)
EUR
3,800
3,465
4.75%,
10/15/2028
(g)
$
3,475
2,989
Herbalife
Nutrition
Ltd
/
HLF
Financing
Inc
7.88%,
09/01/2025
(g)
1,540
1,529
HLF
Financing
Sarl
LLC
/
Herbalife
International
Inc
4.88%,
06/01/2029
(g)
594
464
Jazz
Securities
DAC
4.38%,
01/15/2029
(g)
1,506
1,389
Mallinckrodt
International
Finance
SA
/
Mallinckrodt
CB
LLC
14.75%,
11/14/2028
(g)
910
988
Option
Care
Health
Inc
4.38%,
10/31/2029
(g)
4,213
3,845
Organon
&
Co
/
Organon
Foreign
Debt
Co-Issuer
BV
4.13%,
04/30/2028
(g)
2,028
1,855
5.13%,
04/30/2031
(g)
3,080
2,646
Owens
&
Minor
Inc
4.50%,
03/31/2029
(g),(h)
555
487
6.63%,
04/01/2030
(g),(h)
950
905
P&L
Development
LLC
/
PLD
Finance
Corp
7.75%,
11/15/2025
(g)
535
437
Perrigo
Finance
Unlimited
Co
4.38%,
03/15/2026
1,286
1,257
4.65%,
06/15/2030
65
59
4.90%,
12/15/2044
140
111
Prestige
Brands
Inc
3.75%,
04/01/2031
(g)
1,560
1,353
5.13%,
01/15/2028
(g)
280
274
$
37,609
Pipelines
-
4
.44
%
Antero
Midstream
Partners
LP
/
Antero
Midstream
Finance
Corp
5.38%,
06/15/2029
(g)
120
115
5.75%,
03/01/2027
(g)
35
35
5.75%,
01/15/2028
(g)
5,725
5,620
6.63%,
02/01/2032
(g)
552
549
7.88%,
05/15/2026
(g)
603
617
Blue
Racer
Midstream
LLC
/
Blue
Racer
Finance
Corp
6.63%,
07/15/2026
(g)
680
677
7.63%,
12/15/2025
(g)
490
495
Schedule
of
Investments
High
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
117
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pipelines
(continued)
Buckeye
Partners
LP
4.13%,
03/01/2025
(g)
$
953
$
931
4.13%,
12/01/2027
65
61
4.50%,
03/01/2028
(g)
5,230
4,911
5.60%,
10/15/2044
2,594
1,999
5.85%,
11/15/2043
3,740
3,054
CNX
Midstream
Partners
LP
4.75%,
04/15/2030
(g)
8,779
7,650
CQP
Holdco
LP
/
BIP-V
Chinook
Holdco
LLC
5.50%,
06/15/2031
(g)
11,175
10,425
Delek
Logistics
Partners
LP
/
Delek
Logistics
Finance
Corp
6.75%,
05/15/2025
865
856
7.13%,
06/01/2028
(g)
556
530
DT
Midstream
Inc
4.13%,
06/15/2029
(g)
894
821
4.38%,
06/15/2031
(g)
2,160
1,935
Energy
Transfer
LP
8.00%,
05/15/2054
(k)
1,135
1,174
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.02%
EnLink
Midstream
LLC
5.38%,
06/01/2029
1,284
1,251
5.63%,
01/15/2028
(g)
382
378
6.50%,
09/01/2030
(g)
450
459
EnLink
Midstream
Partners
LP
4.15%,
06/01/2025
18
18
4.85%,
07/15/2026
754
736
5.05%,
04/01/2045
525
427
5.45%,
06/01/2047
17
15
5.60%,
04/01/2044
411
365
EQM
Midstream
Partners
LP
4.13%,
12/01/2026
1,108
1,067
4.50%,
01/15/2029
(g)
7
7
4.75%,
01/15/2031
(g)
6,000
5,593
5.50%,
07/15/2028
563
558
6.50%,
07/01/2027
(g)
786
796
6.50%,
07/15/2048
490
506
7.50%,
06/01/2027
(g)
1,098
1,130
7.50%,
06/01/2030
(g)
366
393
FTAI
Infra
Escrow
Holdings
LLC
10.50%,
06/01/2027
(g)
805
843
Genesis
Energy
LP
/
Genesis
Energy
Finance
Corp
6.25%,
05/15/2026
19
19
7.75%,
02/01/2028
1,376
1,380
8.00%,
01/15/2027
6,510
6,587
8.25%,
01/15/2029
2,975
3,058
8.88%,
04/15/2030
3,655
3,823
Global
Partners
LP
/
GLP
Finance
Corp
6.88%,
01/15/2029
(h)
456
448
7.00%,
08/01/2027
17
17
8.25%,
01/15/2032
(g)
776
796
Harvest
Midstream
I
LP
7.50%,
09/01/2028
(g)
576
582
Hess
Midstream
Operations
LP
4.25%,
02/15/2030
(g)
90
83
5.13%,
06/15/2028
(g)
550
534
5.50%,
10/15/2030
(g)
4,005
3,915
5.63%,
02/15/2026
(g)
901
895
Howard
Midstream
Energy
Partners
LLC
6.75%,
01/15/2027
(g)
1,160
1,155
ITT
Holdings
LLC
6.50%,
08/01/2029
(g)
1,400
1,225
Kinetik
Holdings
LP
5.88%,
06/15/2030
(g)
1,600
1,572
6.63%,
12/15/2028
(g)
1,029
1,043
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pipelines
(continued)
New
Fortress
Energy
Inc
6.50%,
09/30/2026
(g)
$
4,509
$
4,368
6.75%,
09/15/2025
(g)
5,656
5,589
NGL
Energy
Operating
LLC
/
NGL
Energy
Finance
Corp
7.50%,
02/01/2026
(g)
2,324
2,365
8.38%,
02/15/2032
(g),(l)
1,105
1,113
NGL
Energy
Partners
LP
/
NGL
Energy
Finance
Corp
6.13%,
03/01/2025
1,031
1,030
7.50%,
04/15/2026
551
552
Northriver
Midstream
Finance
LP
5.63%,
02/15/2026
(g)
58
56
NuStar
Logistics
LP
5.63%,
04/28/2027
485
481
5.75%,
10/01/2025
485
484
6.00%,
06/01/2026
1,050
1,048
6.38%,
10/01/2030
10
10
Rockies
Express
Pipeline
LLC
3.60%,
05/15/2025
(g)
10
10
4.80%,
05/15/2030
(g)
211
197
4.95%,
07/15/2029
(g)
12
11
6.88%,
04/15/2040
(g)
668
662
7.50%,
07/15/2038
(g)
630
633
Summit
Midstream
Holdings
LLC
/
Summit
Midstream
Finance
Corp
9.00%,
10/15/2026
(g),(i)
1,870
1,870
Tallgrass
Energy
Partners
LP
/
Tallgrass
Energy
Finance
Corp
5.50%,
01/15/2028
(g)
872
839
6.00%,
03/01/2027
(g)
691
680
6.00%,
12/31/2030
(g)
1,220
1,134
6.00%,
09/01/2031
(g)
3,515
3,237
7.38%,
02/15/2029
(g)
4,504
4,493
Venture
Global
Calcasieu
Pass
LLC
3.88%,
08/15/2029
(g)
1,570
1,403
4.13%,
08/15/2031
(g)
1,470
1,300
6.25%,
01/15/2030
(g)
880
881
Venture
Global
LNG
Inc
8.13%,
06/01/2028
(g),(h)
2,619
2,647
8.38%,
06/01/2031
(g)
16,466
16,627
9.50%,
02/01/2029
(g)
3,280
3,483
9.88%,
02/01/2032
(g)
8,220
8,644
$
149,976
Real
Estate
-
0
.32
%
Anywhere
Real
Estate
Group
LLC
/
Anywhere
Co-
Issuer
Corp
7.00%,
04/15/2030
(g)
1,550
1,401
Cushman
&
Wakefield
US
Borrower
LLC
6.75%,
05/15/2028
(g)
1,560
1,539
8.88%,
09/01/2031
(g)
1,264
1,319
Howard
Hughes
Corp/The
4.13%,
02/01/2029
(g)
1,535
1,384
4.38%,
02/01/2031
(g)
13
11
5.38%,
08/01/2028
(g)
1,540
1,475
Hunt
Cos
Inc
5.25%,
04/15/2029
(g)
650
604
Kennedy-Wilson
Inc
4.75%,
03/01/2029
673
564
4.75%,
02/01/2030
320
260
5.00%,
03/01/2031
1,388
1,107
Realogy
Group
LLC
/
Realogy
Co-Issuer
Corp
5.25%,
04/15/2030
(g),(h)
995
700
5.75%,
01/15/2029
(g),(h)
595
442
$
10,806
REITs
-
2
.08
%
Apollo
Commercial
Real
Estate
Finance
Inc
4.63%,
06/15/2029
(g)
577
483
Schedule
of
Investments
High
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
118
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
REITs
(continued)
Blackstone
Mortgage
Trust
Inc
3.75%,
01/15/2027
(g)
$
1,251
$
1,103
Brandywine
Operating
Partnership
LP
3.95%,
11/15/2027
595
538
4.55%,
10/01/2029
374
325
7.80%,
03/15/2028
160
163
Brookfield
Property
REIT
Inc
/
BPR
Cumulus
LLC
/
BPR
Nimbus
LLC
/
GGSI
Sellco
LL
4.50%,
04/01/2027
(g)
1,186
1,050
5.75%,
05/15/2026
(g),(h)
850
821
CTR
Partnership
LP
/
CareTrust
Capital
Corp
3.88%,
06/30/2028
(g)
60
55
Diversified
Healthcare
Trust
4.38%,
03/01/2031
10
8
4.75%,
02/15/2028
1,430
1,121
9.75%,
06/15/2025
545
542
HAT
Holdings
I
LLC
/
HAT
Holdings
II
LLC
3.38%,
06/15/2026
(g)
3,030
2,816
3.75%,
09/15/2030
(g),(h)
5,453
4,505
6.00%,
04/15/2025
(g)
170
168
8.00%,
06/15/2027
(g)
3,024
3,132
Hudson
Pacific
Properties
LP
3.25%,
01/15/2030
850
679
3.95%,
11/01/2027
850
765
4.65%,
04/01/2029
1,060
937
5.95%,
02/15/2028
740
701
Iron
Mountain
Inc
4.50%,
02/15/2031
(g)
987
885
4.88%,
09/15/2027
(g)
1,361
1,315
4.88%,
09/15/2029
(g)
640
598
5.00%,
07/15/2028
(g)
750
717
5.25%,
03/15/2028
(g)
558
541
5.25%,
07/15/2030
(g)
1,047
987
5.63%,
07/15/2032
(g)
1,604
1,506
7.00%,
02/15/2029
(g)
1,540
1,579
Iron
Mountain
Information
Management
Services
Inc
5.00%,
07/15/2032
(g)
1,530
1,380
Ladder
Capital
Finance
Holdings
LLLP
/
Ladder
Capital
Finance
Corp
4.25%,
02/01/2027
(g)
1,500
1,388
4.75%,
06/15/2029
(g)
579
518
5.25%,
10/01/2025
(g)
404
397
MPT
Operating
Partnership
LP
/
MPT
Finance
Corp
0.99%,
10/15/2026
EUR
6,400
5,189
3.50%,
03/15/2031
$
3,348
2,053
4.63%,
08/01/2029
740
500
5.00%,
10/15/2027
5,536
4,190
5.25%,
08/01/2026
(h)
300
254
Necessity
Retail
REIT
Inc/The
/
American
Finance
Operating
Partner
LP
4.50%,
09/30/2028
(g)
705
597
Office
Properties
Income
Trust
2.40%,
02/01/2027
398
221
2.65%,
06/15/2026
810
506
3.45%,
10/15/2031
654
322
4.50%,
02/01/2025
744
644
Park
Intermediate
Holdings
LLC
/
PK
Domestic
Property
LLC
/
PK
Finance
Co-Issuer
4.88%,
05/15/2029
(g)
1,020
935
5.88%,
10/01/2028
(g)
958
932
7.50%,
06/01/2025
(g)
460
461
RHP
Hotel
Properties
LP
/
RHP
Finance
Corp
4.50%,
02/15/2029
(g)
10
9
4.75%,
10/15/2027
95
91
7.25%,
07/15/2028
(g)
453
467
Rithm
Capital
Corp
6.25%,
10/15/2025
(g)
1,020
1,008
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
REITs
(continued)
RLJ
Lodging
Trust
LP
3.75%,
07/01/2026
(g)
$
350
$
331
4.00%,
09/15/2029
(g)
973
861
SBA
Communications
Corp
3.13%,
02/01/2029
1,755
1,564
3.88%,
02/15/2027
1,345
1,284
Service
Properties
Trust
3.95%,
01/15/2028
15
13
4.38%,
02/15/2030
1,220
945
4.50%,
03/15/2025
645
629
4.75%,
10/01/2026
510
473
4.95%,
02/15/2027
(h)
615
563
5.25%,
02/15/2026
650
629
5.50%,
12/15/2027
11
10
7.50%,
09/15/2025
366
371
8.63%,
11/15/2031
(g)
6,600
6,998
Starwood
Property
Trust
Inc
3.63%,
07/15/2026
(g)
174
161
4.38%,
01/15/2027
(g),(h)
1,310
1,213
4.75%,
03/15/2025
11
11
Uniti
Group
LP
/
Uniti
Fiber
Holdings
Inc
/
CSL
Capital
LLC
6.00%,
01/15/2030
(g)
699
463
Uniti
Group
LP
/
Uniti
Group
Finance
Inc
/
CSL
Capital
LLC
4.75%,
04/15/2028
(g)
200
170
6.50%,
02/15/2029
(g)
1,155
815
10.50%,
02/15/2028
(g)
1,707
1,738
Vornado
Realty
LP
2.15%,
06/01/2026
515
467
3.40%,
06/01/2031
450
355
XHR
LP
4.88%,
06/01/2029
(g)
30
28
6.38%,
08/15/2025
(g)
5
5
$
70,199
Retail
-
5
.34
%
1011778
BC
ULC
/
New
Red
Finance
Inc
3.50%,
02/15/2029
(g)
948
867
3.88%,
01/15/2028
(g)
1,683
1,584
4.00%,
10/15/2030
(g)
26,757
23,916
4.38%,
01/15/2028
(g)
1,506
1,432
99
Escrow
Issuer
Inc
7.50%,
01/15/2026
(g)
460
143
Academy
Ltd
6.00%,
11/15/2027
(g)
35
35
Advance
Auto
Parts
Inc
1.75%,
10/01/2027
170
147
3.50%,
03/15/2032
(h)
345
287
3.90%,
04/15/2030
75
67
5.90%,
03/09/2026
230
230
5.95%,
03/09/2028
(h)
255
255
Arko
Corp
5.13%,
11/15/2029
(g)
415
366
Asbury
Automotive
Group
Inc
4.50%,
03/01/2028
11
10
4.63%,
11/15/2029
(g)
1,844
1,699
4.75%,
03/01/2030
662
613
5.00%,
02/15/2032
(g)
2,857
2,582
At
Home
Group
Inc
4.88%,
07/15/2028
(g)
355
160
Bath
&
Body
Works
Inc
5.25%,
02/01/2028
376
368
6.63%,
10/01/2030
(g)
1,520
1,540
6.69%,
01/15/2027
1,130
1,145
6.75%,
07/01/2036
10
10
6.88%,
11/01/2035
1,349
1,345
6.95%,
03/01/2033
11
11
7.50%,
06/15/2029
(h)
220
227
Schedule
of
Investments
High
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
119
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Retail
(continued)
Bath
&
Body
Works
Inc
(continued)
7.60%,
07/15/2037
$
717
$
703
9.38%,
07/01/2025
(g)
409
426
BCPE
Ulysses
Intermediate
Inc
7.75%,
PIK
8.50%;
04/01/2027
(g),(i),(j)
630
598
Beacon
Roofing
Supply
Inc
4.13%,
05/15/2029
(g)
18
16
4.50%,
11/15/2026
(g)
346
335
6.50%,
08/01/2030
(g)
2,650
2,689
Bloomin'
Brands
Inc
/
OSI
Restaurant
Partners
LLC
5.13%,
04/15/2029
(g)
345
321
BlueLinx
Holdings
Inc
6.00%,
11/15/2029
(g)
205
194
Brinker
International
Inc
8.25%,
07/15/2030
(g)
1,558
1,631
Carrols
Restaurant
Group
Inc
5.88%,
07/01/2029
(g)
100
102
Carvana
Co
12.00%,
PIK
0.00%;
12/01/2028
(g),(i),(j)
1,167
1,037
13.00%,
PIK
0.00%;
06/01/2030
(g),(i),(j)
1,751
1,554
14.00%,
PIK
0.00%;
06/01/2031
(g),(i),(j)
2,072
1,847
CEC
Entertainment
LLC
6.75%,
05/01/2026
(g)
350
348
Dave
&
Buster's
Inc
7.63%,
11/01/2025
(g)
240
243
Evergreen
Acqco
1
LP
/
TVI
Inc
9.75%,
04/26/2028
(g),(h)
589
632
Ferrellgas
LP
/
Ferrellgas
Finance
Corp
5.38%,
04/01/2026
(g)
656
646
5.88%,
04/01/2029
(g)
744
729
Fertitta
Entertainment
LLC
/
Fertitta
Entertainment
Finance
Co
Inc
4.63%,
01/15/2029
(g)
1,064
974
6.75%,
01/15/2030
(g)
1,380
1,241
FirstCash
Inc
4.63%,
09/01/2028
(g)
1,325
1,239
5.63%,
01/01/2030
(g)
706
673
Foot
Locker
Inc
4.00%,
10/01/2029
(g),(h)
485
410
Foundation
Building
Materials
Inc
6.00%,
03/01/2029
(g)
642
564
Gap
Inc/The
3.63%,
10/01/2029
(g)
651
558
3.88%,
10/01/2031
(g)
1,800
1,485
GPS
Hospitality
Holding
Co
LLC
/
GPS
Finco
Inc
7.00%,
08/15/2028
(g)
420
332
Group
1
Automotive
Inc
4.00%,
08/15/2028
(g)
1,100
1,014
Guitar
Center
Inc
8.50%,
01/15/2026
(g),(h)
155
137
IRB
Holding
Corp
7.00%,
06/15/2025
(g)
5,822
5,786
Ken
Garff
Automotive
LLC
4.88%,
09/15/2028
(g)
330
309
KFC
Holding
Co/Pizza
Hut
Holdings
LLC/Taco
Bell
of
America
LLC
4.75%,
06/01/2027
(g)
824
806
Kohl's
Corp
4.25%,
07/17/2025
(h)
472
458
4.62%,
05/01/2031
760
608
5.55%,
07/17/2045
487
328
LBM
Acquisition
LLC
6.25%,
01/15/2029
(g)
5,313
4,821
LCM
Investments
Holdings
II
LLC
4.88%,
05/01/2029
(g)
780
703
8.25%,
08/01/2031
(g)
7,154
7,343
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Retail
(continued)
Lithia
Motors
Inc
3.88%,
06/01/2029
(g)
$
1,690
$
1,517
4.38%,
01/15/2031
(g)
619
555
4.63%,
12/15/2027
(g)
451
432
LSF9
Atlantis
Holdings
LLC
/
Victra
Finance
Corp
7.75%,
02/15/2026
(g)
12,400
11,954
Macy's
Retail
Holdings
LLC
4.30%,
02/15/2043
125
94
4.50%,
12/15/2034
100
84
5.13%,
01/15/2042
239
189
5.88%,
04/01/2029
(g),(h)
800
776
5.88%,
03/15/2030
(g)
1,285
1,218
6.38%,
03/15/2037
670
596
6.70%,
07/15/2034
(g)
500
413
Marks
&
Spencer
PLC
7.13%,
12/01/2037
(g)
140
141
Michaels
Cos
Inc/The
5.25%,
05/01/2028
(g),(h)
1,520
1,194
7.88%,
05/01/2029
(g)
1,541
986
Murphy
Oil
USA
Inc
3.75%,
02/15/2031
(g)
1,340
1,156
4.75%,
09/15/2029
832
788
5.63%,
05/01/2027
506
505
NMG
Holding
Co
Inc
/
Neiman
Marcus
Group
LLC
7.13%,
04/01/2026
(g)
1,100
1,073
Nordstrom
Inc
4.00%,
03/15/2027
400
375
4.25%,
08/01/2031
960
797
4.38%,
04/01/2030
1,062
921
5.00%,
01/15/2044
585
423
6.95%,
03/15/2028
150
152
Papa
John's
International
Inc
3.88%,
09/15/2029
(g)
1,357
1,205
Park
River
Holdings
Inc
5.63%,
02/01/2029
(g)
421
344
6.75%,
08/01/2029
(g)
4,275
3,624
Patrick
Industries
Inc
4.75%,
05/01/2029
(g)
840
774
7.50%,
10/15/2027
(g)
405
407
Penske
Automotive
Group
Inc
3.75%,
06/15/2029
500
446
PetSmart
Inc
/
PetSmart
Finance
Corp
4.75%,
02/15/2028
(g)
820
766
7.75%,
02/15/2029
(g)
1,827
1,766
QVC
Inc
4.38%,
09/01/2028
1,021
757
4.45%,
02/15/2025
920
890
4.75%,
02/15/2027
593
496
5.45%,
08/15/2034
10
7
5.95%,
03/15/2043
12
7
Raising
Cane's
Restaurants
LLC
9.38%,
05/01/2029
(g)
4,705
5,041
Sally
Holdings
LLC
/
Sally
Capital
Inc
5.63%,
12/01/2025
480
476
Sizzling
Platter
LLC
/
Sizzling
Platter
Finance
Corp
8.50%,
11/28/2025
(g)
215
214
Sonic
Automotive
Inc
4.63%,
11/15/2029
(g),(h)
3,585
3,247
4.88%,
11/15/2031
(g)
487
423
Specialty
Building
Products
Holdings
LLC
/
SBP
Finance
Corp
6.38%,
09/30/2026
(g)
12,717
12,501
SRS
Distribution
Inc
4.63%,
07/01/2028
(g)
625
583
6.00%,
12/01/2029
(g)
16,145
15,095
6.13%,
07/01/2029
(g)
645
610
Schedule
of
Investments
High
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
120
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Retail
(continued)
Staples
Inc
7.50%,
04/15/2026
(g)
$
2,342
$
2,192
10.75%,
04/15/2027
(g)
1,165
903
Suburban
Propane
Partners
LP/Suburban
Energy
Finance
Corp
5.00%,
06/01/2031
(g)
5,358
4,816
5.88%,
03/01/2027
18
18
Superior
Plus
LP
/
Superior
General
Partner
Inc
4.50%,
03/15/2029
(g)
690
625
Victoria's
Secret
&
Co
4.63%,
07/15/2029
(g)
1,895
1,602
Walgreens
Boots
Alliance
Inc
3.20%,
04/15/2030
(h)
420
370
3.45%,
06/01/2026
1,830
1,750
4.10%,
04/15/2050
120
87
4.65%,
06/01/2046
11
9
4.80%,
11/18/2044
(h)
920
776
White
Cap
Buyer
LLC
6.88%,
10/15/2028
(g)
1,070
1,047
White
Cap
Parent
LLC
8.25%,
PIK
9.00%;
03/15/2026
(g),(i),(j)
440
439
Yum!
Brands
Inc
3.63%,
03/15/2031
699
617
4.63%,
01/31/2032
2,430
2,254
4.75%,
01/15/2030
(g)
1,940
1,863
5.35%,
11/01/2043
364
349
5.38%,
04/01/2032
1,370
1,332
6.88%,
11/15/2037
363
394
$
180,340
Semiconductors
-
0
.14
%
Amkor
Technology
Inc
6.63%,
09/15/2027
(g)
10
10
ams-OSRAM
AG
12.25%,
03/30/2029
(g)
900
973
Entegris
Inc
3.63%,
05/01/2029
(g),(h)
833
751
4.38%,
04/15/2028
(g)
880
830
5.95%,
06/15/2030
(g)
1,580
1,561
ON
Semiconductor
Corp
3.88%,
09/01/2028
(g)
600
548
Synaptics
Inc
4.00%,
06/15/2029
(g)
235
209
$
4,882
Software
-
4
.00
%
ACI
Worldwide
Inc
5.75%,
08/15/2026
(g)
3,211
3,174
Alteryx
Inc
8.75%,
03/15/2028
(g)
615
659
AthenaHealth
Group
Inc
6.50%,
02/15/2030
(g)
3,140
2,805
Boxer
Parent
Co
Inc
7.13%,
10/02/2025
(g)
1,891
1,894
9.13%,
03/01/2026
(g)
19
19
Camelot
Finance
SA
4.50%,
11/01/2026
(g)
2,079
2,005
Capstone
Borrower
Inc
8.00%,
06/15/2030
(g),(h)
8,608
8,933
Castle
US
Holding
Corp
9.50%,
02/15/2028
(g)
345
170
Central
Parent
Inc
/
CDK
Global
Inc
7.25%,
06/15/2029
(g)
1,911
1,947
Central
Parent
LLC
/
CDK
Global
II
LLC
/
CDK
Financing
Co
Inc
8.00%,
06/15/2029
(g)
5,712
5,862
Clarivate
Science
Holdings
Corp
3.88%,
07/01/2028
(g)
7,705
7,100
4.88%,
07/01/2029
(g)
8,696
8,118
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Software
(continued)
Cloud
Software
Group
Inc
6.50%,
03/31/2029
(g)
$
5,625
$
5,252
9.00%,
09/30/2029
(g)
4,744
4,490
Consensus
Cloud
Solutions
Inc
6.00%,
10/15/2026
(g),(h)
1,080
1,023
6.50%,
10/15/2028
(g)
12
11
Dun
&
Bradstreet
Corp/The
5.00%,
12/15/2029
(g),(h)
1,631
1,517
Elastic
NV
4.13%,
07/15/2029
(g)
610
553
Fair
Isaac
Corp
4.00%,
06/15/2028
(g)
1,262
1,175
5.25%,
05/15/2026
(g)
495
489
Helios
Software
Holdings
Inc
/
ION
Corporate
Solutions
Finance
Sarl
4.63%,
05/01/2028
(g)
520
473
MicroStrategy
Inc
6.13%,
06/15/2028
(g)
300
286
Open
Text
Corp
3.88%,
02/15/2028
(g)
1,635
1,519
3.88%,
12/01/2029
(g)
2,820
2,543
Open
Text
Holdings
Inc
4.13%,
02/15/2030
(g)
270
244
4.13%,
12/01/2031
(g)
15
13
Playtika
Holding
Corp
4.25%,
03/15/2029
(g)
14,448
12,408
PTC
Inc
3.63%,
02/15/2025
(g)
535
525
4.00%,
02/15/2028
(g)
911
860
Rackspace
Technology
Global
Inc
3.50%,
02/15/2028
(g)
915
358
5.38%,
12/01/2028
(g)
331
103
RingCentral
Inc
8.50%,
08/15/2030
(g)
7,227
7,453
ROBLOX
Corp
3.88%,
05/01/2030
(g)
750
659
Rocket
Software
Inc
6.50%,
02/15/2029
(g)
1,160
995
RRD
Parent
Inc
10.00%,
PIK
10.00%;
10/15/2031
(g),(i),(j)
860
1,475
SS&C
Technologies
Inc
5.50%,
09/30/2027
(g)
19,140
18,788
Twilio
Inc
3.63%,
03/15/2029
911
824
3.88%,
03/15/2031
7,087
6,248
UKG
Inc
6.88%,
02/01/2031
(g),(l)
5,725
5,789
Veritas
US
Inc
/
Veritas
Bermuda
Ltd
7.50%,
09/01/2025
(g)
2,580
2,205
West
Technology
Group
LLC
8.50%,
04/10/2027
(g)
520
447
ZoomInfo
Technologies
LLC/ZoomInfo
Finance
Corp
3.88%,
02/01/2029
(g)
15,240
13,541
$
134,952
Telecommunications
-
2
.93
%
Altice
France
Holding
SA
6.00%,
02/15/2028
(g)
1,280
571
10.50%,
05/15/2027
(g)
1,680
965
Altice
France
SA/France
5.13%,
01/15/2029
(g)
13
10
5.13%,
07/15/2029
(g)
3,141
2,296
5.50%,
01/15/2028
(g)
1,555
1,214
5.50%,
10/15/2029
(g)
2,280
1,680
8.13%,
02/01/2027
(g)
1,855
1,658
Schedule
of
Investments
High
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
121
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Telecommunications
(continued)
British
Telecommunications
PLC
4.25%,
11/23/2081
(g),(k)
$
900
$
841
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.99%
4.88%,
11/23/2081
(g),(h),(k)
1,320
1,161
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.49%
Ciena
Corp
4.00%,
01/31/2030
(g)
10
9
CommScope
Inc
4.75%,
09/01/2029
(g)
1,469
971
6.00%,
03/01/2026
(g)
1,735
1,503
7.13%,
07/01/2028
(g)
1,675
720
8.25%,
03/01/2027
(g)
7,315
3,206
CommScope
Technologies
LLC
5.00%,
03/15/2027
(g)
1,060
391
6.00%,
06/15/2025
(g)
2,301
1,830
Connect
Finco
SARL
/
Connect
US
Finco
LLC
6.75%,
10/01/2026
(g)
3,066
2,997
Consolidated
Communications
Inc
5.00%,
10/01/2028
(g)
1,370
1,122
6.50%,
10/01/2028
(g)
1,040
894
Embarq
Corp
8.00%,
06/01/2036
1,458
865
Frontier
Communications
Holdings
LLC
5.00%,
05/01/2028
(g)
1,480
1,366
5.88%,
10/15/2027
(g)
1,220
1,173
5.88%,
11/01/2029
745
631
6.00%,
01/15/2030
(g)
1,185
1,005
6.75%,
05/01/2029
(g)
1,160
1,028
8.75%,
05/15/2030
(g)
1,346
1,379
Frontier
Florida
LLC
6.86%,
02/01/2028
740
712
Frontier
North
Inc
6.73%,
02/15/2028
100
96
GoTo
Group
Inc
5.50%,
09/01/2027
(g)
349
144
Hughes
Satellite
Systems
Corp
5.25%,
08/01/2026
681
577
6.63%,
08/01/2026
1,475
1,009
Iliad
Holding
SASU
6.50%,
10/15/2026
(g)
1,332
1,306
7.00%,
10/15/2028
(g)
5,685
5,640
Intelsat
Jackson
Holdings
SA
6.50%,
03/15/2030
(g)
3,556
3,359
Level
3
Financing
Inc
3.40%,
03/01/2027
(g)
959
825
3.63%,
01/15/2029
(g)
7,118
2,099
3.75%,
07/15/2029
(g)
4,465
1,273
3.88%,
11/15/2029
(g)
755
547
4.25%,
07/01/2028
(g)
4,359
1,461
4.63%,
09/15/2027
(g)
922
479
10.50%,
05/15/2030
(g)
1,140
1,134
Lumen
Technologies
Inc
4.00%,
02/15/2027
(g)
1,439
750
4.50%,
01/15/2029
(g)
1,000
235
7.60%,
09/15/2039
667
172
7.65%,
03/15/2042
580
169
Rogers
Communications
Inc
5.25%,
03/15/2082
(g),(h),(k)
1,573
1,498
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.59%
Telecom
Italia
Capital
SA
6.00%,
09/30/2034
1,114
1,044
6.38%,
11/15/2033
1,421
1,377
7.20%,
07/18/2036
837
840
7.72%,
06/04/2038
1,090
1,125
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Telecommunications
(continued)
Telesat
Canada
/
Telesat
LLC
4.88%,
06/01/2027
(g)
$
364
$
215
5.63%,
12/06/2026
(g)
700
423
6.50%,
10/15/2027
(g)
432
194
Viasat
Inc
5.63%,
09/15/2025
(g)
14,450
13,962
5.63%,
04/15/2027
(g)
2,162
2,030
6.50%,
07/15/2028
(g)
966
746
7.50%,
05/30/2031
(g)
1,115
826
Viavi
Solutions
Inc
3.75%,
10/01/2029
(g)
14
12
Vmed
O2
UK
Financing
I
PLC
4.25%,
01/31/2031
(g)
1,295
1,133
4.75%,
07/15/2031
(g)
12,270
10,996
Vodafone
Group
PLC
3.25%,
06/04/2081
(k)
13
12
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.45%
4.13%,
06/04/2081
(k)
642
557
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.77%
5.13%,
06/04/2081
(k)
1,550
1,170
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.07%
7.00%,
04/04/2079
(k)
3,635
3,756
USD
Swap
Semi-Annual
5
Year
+
4.87%
Windstream
Escrow
LLC
/
Windstream
Escrow
Finance
Corp
7.75%,
08/15/2028
(g)
1,760
1,543
Zayo
Group
Holdings
Inc
4.00%,
03/01/2027
(g),(h)
1,225
932
6.13%,
03/01/2028
(g)
1,435
956
$
98,820
Transportation
-
0
.29
%
Cargo
Aircraft
Management
Inc
4.75%,
02/01/2028
(g)
645
589
Danaos
Corp
8.50%,
03/01/2028
(g)
1,490
1,520
First
Student
Bidco
Inc
/
First
Transit
Parent
Inc
4.00%,
07/31/2029
(g)
310
273
GN
Bondco
LLC
9.50%,
10/15/2031
(g)
2,255
2,224
Rand
Parent
LLC
8.50%,
02/15/2030
(g),(h)
587
581
RXO
Inc
7.50%,
11/15/2027
(g)
300
309
Seaspan
Corp
5.50%,
08/01/2029
(g)
1,222
1,040
Watco
Cos
LLC
/
Watco
Finance
Corp
6.50%,
06/15/2027
(g)
1,125
1,118
XPO
CNW
Inc
6.70%,
05/01/2034
738
756
XPO
Inc
7.13%,
02/01/2032
(g)
1,340
1,366
$
9,776
Trucking
&
Leasing
-
0
.09
%
AerCap
Global
Aviation
Trust
6.50%,
06/15/2045
(g),(k)
400
398
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.56%
Fortress
Transportation
and
Infrastructure
Investors
LLC
5.50%,
05/01/2028
(g)
1,165
1,129
6.50%,
10/01/2025
(g)
856
855
9.75%,
08/01/2027
(g)
416
431
NAC
Aviation
29
DAC
4.75%,
06/30/2026
197
185
$
2,998
Schedule
of
Investments
High
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
122
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Water
-
0
.02
%
Solaris
Midstream
Holdings
LLC
7.63%,
04/01/2026
(g)
$
519
$
520
TOTAL
BONDS
$
2,996,919
SENIOR
FLOATING
RATE
INTERESTS
-
8
.03
%
Principal
Amount
(000's)
Value
(000's)
Advertising
-
0
.34
%
Clear
Channel
Outdoor
Holdings
Inc
9.13%,
08/07/2026
(n)
$
11,786
$
11,645
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
Automobile
Parts
&
Equipment
-
0
.50
%
First
Brands
Group
LLC
10.88%,
03/30/2027
(n)
7,725
7,709
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
5.00%
14.38%,
03/30/2028
(n)
5,625
5,456
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
8.50%
Realtruck
Group
Inc
8.97%,
01/20/2028
(n)
3,810
3,746
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
$
16,911
Building
Materials
-
0
.16
%
CP
Iris
Holdco
I
Inc
12.46%,
09/15/2029
(n)
5,920
5,365
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
7.00%
Chemicals
-
0
.41
%
Aruba
Investments
Holdings
LLC
9.46%,
11/24/2027
(n)
2,844
2,803
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
13.21%,
10/27/2028
(n)
7,275
6,833
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
7.75%
SCIH
Salt
Holdings
Inc
9.47%,
03/16/2027
(n)
4,221
4,207
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
$
13,843
Commercial
Services
-
0
.55
%
KUEHG
Corp
10.35%,
06/12/2030
(n)
7,795
7,792
3
Month
USD
LIBOR
+
5.00%
Learning
Care
Group
US
No
2
Inc
10.10%,
08/11/2028
(n)
7,067
7,064
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.75%
RLG
Holdings
LLC
12.97%,
07/06/2029
(n)
4,310
3,898
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
7.50%
$
18,754
Consumer
Products
-
0
.20
%
Kronos
Acquisition
Holdings
Inc
9.36%,
12/22/2026
(n)
3,721
3,718
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
VC
GB
Holdings
I
Corp
12.36%,
06/29/2029
(n)
3,147
3,050
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.75%
$
6,768
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Distribution
&
Wholesale
-
0
.15
%
Infinite
Bidco
LLC
12.64%,
02/24/2029
(n)
$
5,910
$
4,935
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
7.00%
Entertainment
-
0
.14
%
NAI
Entertainment
Holdings
LLC
8.45%,
05/08/2025
(n)
4,655
4,627
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Food
-
0
.04
%
Quirch
Foods
Holdings
LLC
10.39%,
10/26/2027
(n)
1,506
1,501
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.50%
Healthcare
-
Services
-
0
.51
%
Aveanna
Healthcare
LLC
12.54%,
12/10/2029
(n)
9,190
7,168
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
7.00%
Eyecare
Partners
LLC
9.98%,
11/15/2028
(n)
2,198
1,157
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.50%
12.39%,
11/15/2029
(n)
5,540
1,683
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
6.75%
12.39%,
11/15/2029
(n)
1,975
600
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
6.75%
Medical
Solutions
Holdings
Inc
12.46%,
10/05/2029
(n)
5,510
4,470
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
7.00%
National
Mentor
Holdings
Inc
12.70%,
03/02/2029
(n)
2,600
1,925
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
7.25%
Sound
Inpatient
Physicians
Holdings
LLC
12.39%,
06/26/2026
(n)
4,875
249
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
6.75%
$
17,252
Insurance
-
0
.93
%
Asurion
LLC
10.70%,
01/20/2029
(n)
5,138
4,864
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.25%
10.70%,
01/20/2029
(n)
12,025
11,382
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.25%
10.72%,
01/31/2028
(n)
15,800
15,112
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.25%
$
31,358
Internet
-
0
.67
%
Arches
Buyer
Inc
0.00%,
12/06/2027
(n),(o)
3,670
3,580
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
MH
Sub
I
LLC
9.61%,
04/24/2028
(n)
180
176
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
11.61%,
02/12/2029
(n)
10,480
10,017
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.25%
Schedule
of
Investments
High
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
123
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Internet
(continued)
Ten-X
LLC
11.20%,
05/26/2028
(n)
$
9,088
$
8,733
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.00%
$
22,506
Investment
Companies
-
0
.62
%
Nexus
Buyer
LLC
11.71%,
11/05/2029
(n)
1,560
1,534
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.25%
11.71%,
11/05/2029
(n)
19,585
19,254
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.25%
$
20,788
Machinery
-
Diversified
-
0
.56
%
Engineered
Machinery
Holdings
Inc
11.61%,
05/21/2029
(n)
17,631
17,234
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
6.00%
12.11%,
05/04/2029
(n)
1,610
1,538
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
6.50%
$
18,772
Mining
-
0
.11
%
Arctic
Canadian
Diamond
Co
Ltd
10.00%,
12/31/2027
(e),(n)
3,592
3,592
1
Month
USD
LIBOR
+
5.00%
Pharmaceuticals
-
0
.19
%
Packaging
Coordinators
Midco
Inc
9.11%,
11/30/2027
(n)
6,437
6,409
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.50%
Semiconductors
-
0
.12
%
Altar
Bidco
Inc
10.81%,
02/01/2030
(n)
4,227
4,190
CME
Term
Secured
Overnight
Financing
Rate
6
Month
+
5.60%
Software
-
1
.61
%
Applied
Systems
Inc
12.10%,
09/19/2027
(n)
14,341
14,370
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
6.75%
Ascend
Learning
LLC
11.21%,
12/10/2029
(n)
1,050
968
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.75%
AthenaHealth
Group
Inc
8.61%,
02/15/2029
(n)
1,646
1,621
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Cloudera
Inc
11.29%,
10/08/2029
(n)
1,790
1,728
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.00%
Loyalty
Ventures
Inc
0.00%,
11/03/2027
(d),(n)
3,294
29
1
Month
USD
LIBOR
+
4.50%
Mitchell
International
Inc
12.15%,
10/15/2029
(n)
5,150
5,127
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.50%
Skopima
Consilio
Parent
LLC
12.97%,
05/14/2029
(n)
4,920
4,699
1
Month
USD
LIBOR
+
7.50%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Software
(continued)
UKG
Inc
8.68%,
05/04/2026
(n)
$
3,731
$
3,730
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.25%
10.68%,
05/03/2027
(n)
6,020
6,015
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
5.25%
10.68%,
05/03/2027
(n)
16,125
16,112
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
5.25%
$
54,399
Telecommunications
-
0
.04
%
Xplornet
Communications
Inc
12.61%,
10/01/2029
(n)
6,100
1,305
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
7.00%
Transportation
-
0
.18
%
ASP
LS
Acquisition
Corp
13.40%,
04/30/2029
(n)
7,320
5,978
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
7.50%
TOTAL
SENIOR
FLOATING
RATE
INTERESTS
$
270,898
Total
Investments
$
3,492,166
Other
Assets
and
Liabilities
- (3.49)%
(
117,768
)
TOTAL
NET
ASSETS
-
100.00%
$
3,374,398
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$143,371
or
4.25%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
The
value
of
these
investments
was
determined
using
significant
unobservable
inputs,
in
good
faith
by
the
Manager,
under
procedures
established
and
periodically
reviewed
by
the
Board
of
Directors.
(f)
Restricted
Security.
Please
see
Restricted
Securities
sub-schedule
for
additional
information.
(g)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$2,558,185
or
75.81%
of
net
assets.
(h)
Security
or
a
portion
of
the
security
was
on
loan. At
the
end
of
the
period,
the
value
of
these
securities
totaled
$136,770
or
4.05%
of
net
assets.
(i)
Certain
variable
rate
securities
are
not
based
on
a
published
reference
rate
and
spread
but
are
determined
by
the
issuer
or
agent
and
are
based
on
current
market
conditions. These
securities
do
not
indicate
a
reference
rate
and
spread
in
their
description.
Rate
shown
is
the
rate
in
effect
as
of
period
end.
(j)
Payment
in
kind;
the
issuer
has
the
option
of
paying
additional
securities
in
lieu
of
cash.
(k)
Rate
shown
is
as
of
period
end.
The
rate
may
be
a
variable
or
floating
rate
or
a
fixed
rate
which
may
convert
to
a
variable
or
floating
rate
in
the
future.
(l)
Security
purchased
on
a
when-issued
basis.
(m)
Perpetual
security.
Perpetual
securities
pay
an
indefinite
stream
of
interest,
but
they
may
be
called
by
the
issuer
at
an
earlier
date.
Date
shown,
if
any,
reflects
the
next
call
date
or
final
legal
maturity
date.
Rate
shown
is
as
of
period
end.
(n)
Rate
information
disclosed
is
based
on
an
average
weighted
rate
of
the
underlying
tranches
as
of
period
end.
(o)
This
Senior
Floating
Rate
Note
will
settle
after
January
31,
2024,
at
which
time
the
interest
rate
will
be
determined.
Schedule
of
Investments
High
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
124
Portfolio
Summary
Sector
Percent
Consumer,
Cyclical
19
.73
%
Financial
16
.11
%
Consumer,
Non-cyclical
14
.58
%
Industrial
11
.88
%
Communications
11
.87
%
Energy
9
.91
%
Technology
7
.37
%
Money
Market
Funds
6
.29
%
Basic
Materials
4
.49
%
Utilities
1
.19
%
Diversified
0
.07
%
Other
Assets
and
Liabilities
(
3
.49
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
130,197
$
641,342
$
594,196
$
177,343
$
130,197
$
641,342
$
594,196
$
177,343
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
618
$
—
$
—
$
—
$
618
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Restricted
Securities
Security
Name
Acquisition
Date
Cost
Value
Percent
of
Net
Assets
Arctic
Canadian
Diamond
Co
Ltd
02/03/2021
$
—
$
1,469
0.05%
High
Ridge
Brands
-
Escrow
0.00%,
03/15/2025
12/29/2020
4,577
—
0.00%
Specialty
Steel
15.42%,
11/15/2026
06/04/2021
8,680
8,680
0.26%
SportsNet
New
York
10.25%,
01/15/2025
12/27/2017
4,068
4,068
0.12%
Total
$
14,217
0.43%
Amounts
in
thousands.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
US
Long
Bond;
March
2024
Long
28
$
3,426
$
8
US
Ultra
Bond;
March
2024
Long
11
1,421
2
Total
$
10
Amounts
in
thousands
except
contracts.
Foreign
Currency
Contracts
Unrealized
Appreciation/(Depreciation)
Counterparty
Settlement
Date
Currency
to
Accept
Currency
to
Deliver
Asset
Liability
Bank
of
New
York
Mellon
03/18/2024
$
9,048
EUR
8,200
$
170
$
—
Total
$
170
$
—
Amounts
in
thousands.
Schedule
of
Investments
High
Yield
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
125
INVESTMENT
COMPANIES
-
3
.69
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
3
.69
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
5.21%
(a),(b)
6,706,203
$
6,707
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(a),(b),(c)
86,320,435
86,320
$
93,027
TOTAL
INVESTMENT
COMPANIES
$
93,027
COMMON
STOCKS
-
0
.08
%
Shares
Held
Value
(000's)
Diversified
Financial
Services
-
0
.00
%
Avation
PLC
-
Warrants
(d)
103,250
$
26
Oil
&
Gas
-
0
.04
%
Mesquite
Energy
Inc
(d),(e)
15,341
1,087
Retail
-
0
.04
%
Claire's
Holdings
LLC
(d)
4,036
942
TOTAL
COMMON
STOCKS
$
2,055
BONDS
-
89
.63
%
Principal
Amount
(000's)
Value
(000's)
Aerospace
&
Defense
-
2
.30
%
Bombardier
Inc
7.13%,
06/15/2026
(f),(g)
$
12,940
$
13,048
7.50%,
02/01/2029
(f),(g)
2,415
2,462
8.75%,
11/15/2030
(g)
1,900
1,994
TransDigm
Inc
4.88%,
05/01/2029
2,980
2,785
6.25%,
03/15/2026
(g)
9,835
9,768
6.88%,
12/15/2030
(g)
5,260
5,383
7.50%,
03/15/2027
3,875
3,885
Triumph
Group
Inc
7.75%,
08/15/2025
14,885
14,894
9.00%,
03/15/2028
(g)
3,605
3,804
$
58,023
Airlines
-
0
.69
%
American
Airlines
2021-1
Class
B
Pass
Through
Trust
3.95%,
01/11/2032
2,712
2,419
American
Airlines
Inc
8.50%,
05/15/2029
(g)
1,295
1,373
American
Airlines
Inc/AAdvantage
Loyalty
IP
Ltd
5.75%,
04/20/2029
(g)
1,525
1,498
Hawaiian
Brand
Intellectual
Property
Ltd
/
HawaiianMiles
Loyalty
Ltd
5.75%,
01/20/2026
(g)
9,815
9,235
United
Airlines
2016-1
Class
B
Pass
Through
Trust
3.65%,
07/07/2027
2,993
2,830
$
17,355
Automobile
Manufacturers
-
1
.10
%
Ford
Motor
Co
3.25%,
02/12/2032
12,349
10,223
9.63%,
04/22/2030
1,225
1,437
Ford
Motor
Credit
Co
LLC
2.70%,
08/10/2026
3,455
3,211
4.39%,
01/08/2026
2,720
2,651
4.54%,
08/01/2026
9,495
9,227
Jaguar
Land
Rover
Automotive
PLC
7.75%,
10/15/2025
(g)
1,079
1,089
$
27,838
Automobile
Parts
&
Equipment
-
1
.50
%
American
Axle
&
Manufacturing
Inc
6.25%,
03/15/2026
1,609
1,580
6.88%,
07/01/2028
(f)
9,835
9,543
Dana
Inc
4.25%,
09/01/2030
(f)
6,930
6,059
4.50%,
02/15/2032
1,810
1,556
5.38%,
11/15/2027
6,615
6,456
5.63%,
06/15/2028
3,465
3,354
Tenneco
Inc
8.00%,
11/17/2028
(g)
7,740
6,743
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Automobile
Parts
&
Equipment
(continued)
ZF
North
America
Capital
Inc
6.88%,
04/14/2028
(g)
$
2,550
$
2,627
$
37,918
Banks
-
1
.29
%
Barclays
PLC
5.09%,
06/20/2030
(h)
5,330
5,129
3
Month
USD
LIBOR
+
3.05%
8.00%,
03/15/2029
(h),(i),(j)
5,535
5,354
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.43%
JPMorgan
Chase
&
Co
4.60%,
02/01/2025
(h),(i)
11,640
11,340
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.13%
UBS
Group
AG
9.25%,
11/13/2028
(g),(h),(i),(j)
10,000
10,697
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.75%
$
32,520
Building
Materials
-
1
.79
%
AmeriTex
HoldCo
Intermediate
LLC
10.25%,
10/15/2028
(f),(g)
11,220
11,522
Builders
FirstSource
Inc
4.25%,
02/01/2032
(g)
3,610
3,228
5.00%,
03/01/2030
(g)
4,065
3,902
MIWD
Holdco
II
LLC
/
MIWD
Finance
Corp
5.50%,
02/01/2030
(g)
4,955
4,509
Smyrna
Ready
Mix
Concrete
LLC
6.00%,
11/01/2028
(g)
22,610
22,100
$
45,261
Chemicals
-
2
.86
%
Consolidated
Energy
Finance
SA
5.63%,
10/15/2028
(g)
9,180
7,505
6.50%,
05/15/2026
(g)
8,390
7,676
Element
Solutions
Inc
3.88%,
09/01/2028
(g)
11,343
10,362
Kobe
US
Midco
2
Inc
9.25%,
PIK
10.00%;
11/01/2026
(g),(k),(l)
3,576
2,968
Olympus
Water
US
Holding
Corp
4.25%,
10/01/2028
(g)
600
548
6.25%,
10/01/2029
(f),(g)
18,680
17,099
7.13%,
10/01/2027
(g)
1,945
1,952
9.75%,
11/15/2028
(g)
7,685
8,130
Tronox
Inc
4.63%,
03/15/2029
(g)
9,985
8,816
Vibrantz
Technologies
Inc
9.00%,
02/15/2030
(g)
8,580
7,121
$
72,177
Commercial
Services
-
3
.03
%
ADT
Security
Corp/The
4.13%,
08/01/2029
(g)
5,865
5,412
Albion
Financing
1
SARL
/
Aggreko
Holdings
Inc
6.13%,
10/15/2026
(g)
2,300
2,259
Albion
Financing
2
Sarl
8.75%,
04/15/2027
(g)
8,965
8,955
Garda
World
Security
Corp
6.00%,
06/01/2029
(g)
6,730
5,910
9.50%,
11/01/2027
(f),(g)
6,486
6,525
Prime
Security
Services
Borrower
LLC
/
Prime
Finance
Inc
6.25%,
01/15/2028
(g)
10,260
10,168
United
Rentals
North
America
Inc
3.88%,
02/15/2031
5,775
5,209
4.88%,
01/15/2028
2,815
2,747
5.25%,
01/15/2030
(f)
1,775
1,744
WASH
Multifamily
Acquisition
Inc
5.75%,
04/15/2026
(g)
11,695
11,243
Schedule
of
Investments
High
Yield
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
126
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Commercial
Services
(continued)
Williams
Scotsman
Inc
4.63%,
08/15/2028
(g)
$
2,180
$
2,064
6.13%,
06/15/2025
(g)
3,890
3,880
ZipRecruiter
Inc
5.00%,
01/15/2030
(g)
11,631
10,360
$
76,476
Computers
-
2
.61
%
McAfee
Corp
7.38%,
02/15/2030
(g)
8,140
7,377
NCR
Atleos
Corp
9.50%,
04/01/2029
(g)
7,710
8,270
NCR
Voyix
Corp
5.13%,
04/15/2029
(g)
15,640
14,633
Seagate
HDD
Cayman
5.75%,
12/01/2034
5,870
5,689
8.50%,
07/15/2031
(g)
2,380
2,585
9.63%,
12/01/2032
7,945
9,128
Virtusa
Corp
7.13%,
12/15/2028
(g)
9,857
8,644
Western
Digital
Corp
4.75%,
02/15/2026
9,815
9,547
$
65,873
Consumer
Products
-
0
.90
%
ACCO
Brands
Corp
4.25%,
03/15/2029
(g)
8,175
7,412
Kronos
Acquisition
Holdings
Inc
/
KIK
Custom
Products
Inc
5.00%,
12/31/2026
(g)
8,499
8,215
7.00%,
12/31/2027
(g)
7,326
7,153
$
22,780
Distribution
&
Wholesale
-
0
.53
%
H&E
Equipment
Services
Inc
3.88%,
12/15/2028
(g)
6,805
6,179
Verde
Purchaser
LLC
10.50%,
11/30/2030
(g)
6,845
7,068
$
13,247
Diversified
Financial
Services
-
3
.21
%
AerCap
Holdings
NV
5.88%,
10/10/2079
(h)
11,870
11,790
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.54%
Credit
Acceptance
Corp
6.63%,
03/15/2026
(f)
4,620
4,619
9.25%,
12/15/2028
(g)
8,510
8,935
Global
Aircraft
Leasing
Co
Ltd
6.50%,
PIK
7.25%;
09/15/2024
(g),(k),(l)
12,628
12,170
Macquarie
Airfinance
Holdings
Ltd
8.13%,
03/30/2029
(g)
4,945
5,131
8.38%,
05/01/2028
(g)
11,370
11,944
OneMain
Finance
Corp
3.50%,
01/15/2027
3,966
3,629
4.00%,
09/15/2030
6,460
5,471
6.63%,
01/15/2028
2,475
2,466
6.88%,
03/15/2025
(f)
11,790
11,834
SLM
Corp
3.13%,
11/02/2026
3,300
3,090
$
81,079
Electric
-
2
.52
%
Clearway
Energy
Operating
LLC
3.75%,
02/15/2031
(g)
20,670
17,917
Elwood
Energy
LLC
8.16%,
07/05/2026
1,150
986
NextEra
Energy
Operating
Partners
LP
7.25%,
01/15/2029
(g)
6,770
6,973
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
NRG
Energy
Inc
3.63%,
02/15/2031
(g)
$
8,300
$
7,119
3.88%,
02/15/2032
(g)
2,281
1,956
10.25%,
03/15/2028
(g),(h),(i)
3,685
3,884
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.92%
Pattern
Energy
Operations
LP
/
Pattern
Energy
Operations
Inc
4.50%,
08/15/2028
(g)
6,210
5,788
Vistra
Corp
7.00%,
12/15/2026
(g),(h),(i)
8,619
8,360
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.74%
Vistra
Operations
Co
LLC
4.38%,
05/01/2029
(g)
11,405
10,472
$
63,455
Electrical
Components
&
Equipment
-
0
.25
%
WESCO
Distribution
Inc
7.25%,
06/15/2028
(g)
6,165
6,333
Electronics
-
1
.03
%
Imola
Merger
Corp
4.75%,
05/15/2029
(g)
13,133
12,229
Sensata
Technologies
BV
4.00%,
04/15/2029
(g)
5,885
5,388
5.00%,
10/01/2025
(g)
1,905
1,896
Sensata
Technologies
Inc
3.75%,
02/15/2031
(g)
6,126
5,318
4.38%,
02/15/2030
(g)
1,365
1,258
$
26,089
Engineering
&
Construction
-
0
.49
%
Global
Infrastructure
Solutions
Inc
5.63%,
06/01/2029
(g)
13,742
12,414
Entertainment
-
4
.56
%
Allwyn
Entertainment
Financing
UK
PLC
7.88%,
04/30/2029
(g)
9,120
9,362
Boyne
USA
Inc
4.75%,
05/15/2029
(g)
13,360
12,238
Caesars
Entertainment
Inc
4.63%,
10/15/2029
(f),(g)
2,680
2,450
6.25%,
07/01/2025
(g)
2,870
2,880
6.50%,
02/15/2032
(g),(m)
685
693
8.13%,
07/01/2027
(g)
11,770
12,079
CCM
Merger
Inc
6.38%,
05/01/2026
(g)
10,835
10,700
Churchill
Downs
Inc
5.75%,
04/01/2030
(g)
14,690
14,212
Cinemark
USA
Inc
5.25%,
07/15/2028
(f),(g)
14,295
13,187
International
Game
Technology
PLC
5.25%,
01/15/2029
(f),(g)
13,510
13,184
Light
&
Wonder
International
Inc
7.50%,
09/01/2031
(g)
8,735
9,089
Lions
Gate
Capital
Holdings
LLC
5.50%,
04/15/2029
(g)
11,950
9,086
Wynn
Resorts
Finance
LLC
/
Wynn
Resorts
Capital
Corp
7.13%,
02/15/2031
(g)
5,685
5,862
$
115,022
Environmental
Control
-
0
.40
%
Madison
IAQ
LLC
4.13%,
06/30/2028
(g)
10,855
9,975
Food
-
3
.46
%
Albertsons
Cos
Inc
/
Safeway
Inc
/
New
Albertsons
LP
/
Albertsons
LLC
3.50%,
03/15/2029
(g)
5,255
4,748
4.63%,
01/15/2027
(g)
8,625
8,367
Schedule
of
Investments
High
Yield
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
127
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Food
(continued)
B&G
Foods
Inc
5.25%,
04/01/2025
$
2,580
$
2,535
8.00%,
09/15/2028
(f),(g)
9,490
9,892
Chobani
LLC
/
Chobani
Finance
Corp
Inc
4.63%,
11/15/2028
(g)
6,445
6,032
7.63%,
07/01/2029
(g)
5,830
5,903
Fiesta
Purchaser
Inc
7.88%,
03/01/2031
(g),(m)
3,000
3,006
JBS
USA
LUX
SA
/
JBS
USA
Food
Co
/
JBS
USA
Finance
Inc
3.63%,
01/15/2032
13,470
11,466
Pilgrim's
Pride
Corp
3.50%,
03/01/2032
6,385
5,388
4.25%,
04/15/2031
13,680
12,319
Post
Holdings
Inc
4.50%,
09/15/2031
(g)
145
130
4.63%,
04/15/2030
(g)
19,034
17,505
$
87,291
Forest
Products
&
Paper
-
0
.51
%
Mercer
International
Inc
5.13%,
02/01/2029
7,980
6,851
12.88%,
10/01/2028
(g)
1,155
1,239
Sappi
Papier
Holding
GmbH
7.50%,
06/15/2032
(g)
4,886
4,854
$
12,944
Healthcare
-
Services
-
4
.39
%
Acadia
Healthcare
Co
Inc
5.00%,
04/15/2029
(g)
20,058
19,130
Centene
Corp
2.50%,
03/01/2031
16,540
13,749
3.00%,
10/15/2030
1,820
1,574
3.38%,
02/15/2030
16,070
14,392
CHS/Community
Health
Systems
Inc
6.00%,
01/15/2029
(g)
12,826
11,589
HCA
Inc
3.50%,
09/01/2030
13,100
11,886
Molina
Healthcare
Inc
3.88%,
05/15/2032
(g)
2,950
2,525
4.38%,
06/15/2028
(g)
7,065
6,623
Tenet
Healthcare
Corp
6.13%,
06/15/2030
23,265
23,256
6.75%,
05/15/2031
(g)
5,870
6,004
$
110,728
Home
Builders
-
1
.73
%
Adams
Homes
Inc
9.25%,
10/15/2028
(g)
6,955
7,126
Century
Communities
Inc
3.88%,
08/15/2029
(g)
8,570
7,711
Dream
Finders
Homes
Inc
8.25%,
08/15/2028
(g)
7,035
7,397
Forestar
Group
Inc
3.85%,
05/15/2026
(g)
4,390
4,170
5.00%,
03/01/2028
(g)
10,170
9,596
M/I
Homes
Inc
3.95%,
02/15/2030
8,655
7,681
$
43,681
Insurance
-
0
.26
%
Acrisure
LLC
/
Acrisure
Finance
Inc
4.25%,
02/15/2029
(g)
6,670
5,981
6.00%,
08/01/2029
(g)
545
500
$
6,481
Investment
Companies
-
1
.04
%
Compass
Group
Diversified
Holdings
LLC
5.25%,
04/15/2029
(g)
13,193
12,563
Icahn
Enterprises
LP
/
Icahn
Enterprises
Finance
Corp
4.38%,
02/01/2029
16,291
13,614
$
26,177
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Iron
&
Steel
-
0
.67
%
Cleveland-Cliffs
Inc
4.63%,
03/01/2029
(f),(g)
$
9,175
$
8,602
TMS
International
Corp/DE
6.25%,
04/15/2029
(g)
9,745
8,381
$
16,983
Leisure
Products
&
Services
-
2
.93
%
Carnival
Corp
4.00%,
08/01/2028
(g)
2,015
1,864
5.75%,
03/01/2027
(g)
5,125
5,049
6.00%,
05/01/2029
(g)
6,395
6,194
7.00%,
08/15/2029
(g)
2,125
2,210
Carnival
Holdings
Bermuda
Ltd
10.38%,
05/01/2028
(g)
9,362
10,242
Life
Time
Inc
5.75%,
01/15/2026
(g)
12,170
12,032
NCL
Corp
Ltd
5.88%,
02/15/2027
(g)
6,700
6,601
NCL
Finance
Ltd
6.13%,
03/15/2028
(g)
9,620
9,200
Royal
Caribbean
Cruises
Ltd
5.38%,
07/15/2027
(g)
12,120
11,926
7.25%,
01/15/2030
(g)
1,230
1,282
8.25%,
01/15/2029
(g)
6,975
7,399
$
73,999
Lodging
-
1
.14
%
Hilton
Grand
Vacations
Borrower
Escrow
LLC
/
Hilton
Grand
Vacations
Borrower
Esc
6.63%,
01/15/2032
(g)
8,785
8,804
Sands
China
Ltd
3.75%,
08/08/2031
7,955
6,608
Wynn
Macau
Ltd
5.63%,
08/26/2028
(g)
14,355
13,360
$
28,772
Machinery
-
Diversified
-
0
.75
%
Husky
Injection
Molding
Systems
Ltd
/
Titan
Co-
Borrower
LLC
9.00%,
02/15/2029
(g),(m)
1,460
1,460
Maxim
Crane
Works
Holdings
Capital
LLC
11.50%,
09/01/2028
(g)
16,665
17,415
$
18,875
Media
-
7
.09
%
Altice
Financing
SA
5.00%,
01/15/2028
(g)
4,290
3,855
AMC
Networks
Inc
4.75%,
08/01/2025
11,810
11,379
CCO
Holdings
LLC
/
CCO
Holdings
Capital
Corp
4.50%,
08/15/2030
(g)
8,650
7,523
4.75%,
03/01/2030
(g)
20,950
18,616
4.75%,
02/01/2032
(g)
2,400
2,059
5.38%,
06/01/2029
(g)
9,270
8,619
CSC
Holdings
LLC
4.50%,
11/15/2031
(g)
11,060
7,936
6.50%,
02/01/2029
(g)
12,110
10,294
11.25%,
05/15/2028
(g)
1,600
1,621
Directv
Financing
LLC
8.88%,
02/01/2030
(g)
1,860
1,897
Directv
Financing
LLC
/
Directv
Financing
Co-
Obligor
Inc
5.88%,
08/15/2027
(g)
2,090
1,987
DISH
DBS
Corp
5.13%,
06/01/2029
2,385
914
5.25%,
12/01/2026
(g)
5,570
4,386
7.38%,
07/01/2028
6,100
2,684
DISH
Network
Corp
11.75%,
11/15/2027
(g)
17,455
18,218
Gray
Television
Inc
5.38%,
11/15/2031
(g)
10,870
8,508
Schedule
of
Investments
High
Yield
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
128
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Media
(continued)
LCPR
Senior
Secured
Financing
DAC
5.13%,
07/15/2029
(g)
$
7,345
$
6,464
6.75%,
10/15/2027
(g)
8,622
8,305
Scripps
Escrow
II
Inc
5.38%,
01/15/2031
(f),(g)
13,090
9,945
Sirius
XM
Radio
Inc
3.88%,
09/01/2031
(g)
940
784
4.00%,
07/15/2028
(g)
11,265
10,230
Sunrise
HoldCo
IV
BV
5.50%,
01/15/2028
(g)
15,110
14,450
Virgin
Media
Vendor
Financing
Notes
IV
DAC
5.00%,
07/15/2028
(g)
4,540
4,274
Ziggo
Bond
Co
BV
6.00%,
01/15/2027
(g)
9,295
9,119
Ziggo
BV
4.88%,
01/15/2030
(g)
5,305
4,743
$
178,810
Mining
-
2
.36
%
ACN
113
874
712
Pty
Ltd
0.00%,
02/15/2018
(d),(g)
10,457
11
First
Quantum
Minerals
Ltd
6.88%,
10/15/2027
(g)
4,790
4,337
7.50%,
04/01/2025
(g)
1,760
1,738
8.63%,
06/01/2031
(g)
3,090
2,866
Hudbay
Minerals
Inc
4.50%,
04/01/2026
(g)
4,270
4,138
6.13%,
04/01/2029
(g)
9,010
8,895
IAMGOLD
Corp
5.75%,
10/15/2028
(g)
8,078
7,109
New
Gold
Inc
7.50%,
07/15/2027
(g)
11,070
11,015
Novelis
Corp
4.75%,
01/30/2030
(g)
2,120
1,966
Taseko
Mines
Ltd
7.00%,
02/15/2026
(g)
17,810
17,498
$
59,573
Oil
&
Gas
-
5
.66
%
Aethon
United
BR
LP
/
Aethon
United
Finance
Corp
8.25%,
02/15/2026
(g)
17,498
17,346
Antero
Resources
Corp
8.38%,
07/15/2026
(g)
2,641
2,741
Apache
Corp
5.10%,
09/01/2040
2,420
2,076
5.25%,
02/01/2042
4,865
4,070
Ascent
Resources
Utica
Holdings
LLC
/
ARU
Finance
Corp
7.00%,
11/01/2026
(g)
12,000
11,993
Civitas
Resources
Inc
8.63%,
11/01/2030
(g)
11,740
12,521
Comstock
Resources
Inc
5.88%,
01/15/2030
(g)
6,135
5,316
6.75%,
03/01/2029
(g)
6,780
6,226
CrownRock
LP
/
CrownRock
Finance
Inc
5.00%,
05/01/2029
(g)
7,625
7,530
Diamond
Foreign
Asset
Co
/
Diamond
Finance
LLC
8.50%,
10/01/2030
(g)
6,550
6,733
Hilcorp
Energy
I
LP
/
Hilcorp
Finance
Co
5.75%,
02/01/2029
(g)
8,135
7,853
6.00%,
02/01/2031
(g)
4,595
4,411
MEG
Energy
Corp
7.13%,
02/01/2027
(g)
11,200
11,338
Occidental
Petroleum
Corp
6.63%,
09/01/2030
7,720
8,213
Permian
Resources
Operating
LLC
7.00%,
01/15/2032
(g)
12,265
12,662
Southwestern
Energy
Co
4.75%,
02/01/2032
10,080
9,337
5.38%,
03/15/2030
2,355
2,276
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Oil
&
Gas
(continued)
Talos
Production
Inc
9.00%,
02/01/2029
(g),(m)
$
1,745
$
1,768
9.38%,
02/01/2031
(g),(m)
2,800
2,863
Transocean
Aquila
Ltd
8.00%,
09/30/2028
(g)
2,630
2,692
Vital
Energy
Inc
9.75%,
10/15/2030
2,675
2,842
$
142,807
Oil
&
Gas
Services
-
1
.32
%
Archrock
Partners
LP
/
Archrock
Partners
Finance
Corp
6.25%,
04/01/2028
(g)
18,721
18,512
Enerflex
Ltd
9.00%,
10/15/2027
(g)
11,379
11,439
Kodiak
Gas
Services
LLC
7.25%,
02/15/2029
(g),(m)
3,200
3,238
$
33,189
Packaging
&
Containers
-
2
.95
%
Ardagh
Packaging
Finance
PLC
/
Ardagh
Holdings
USA
Inc
4.13%,
08/15/2026
(g)
3,895
3,498
5.25%,
08/15/2027
(g)
4,725
3,532
5.25%,
08/15/2027
(g)
3,480
2,601
Canpack
SA
/
Canpack
US
LLC
3.13%,
11/01/2025
(g)
8,755
8,367
Cascades
Inc/Cascades
USA
Inc
5.38%,
01/15/2028
(g)
8,662
8,471
Clydesdale
Acquisition
Holdings
Inc
6.63%,
04/15/2029
(g)
1,910
1,901
8.75%,
04/15/2030
(g)
8,130
7,723
Crown
Cork
&
Seal
Co
Inc
7.38%,
12/15/2026
(f)
13,099
13,721
LABL
Inc
5.88%,
11/01/2028
(g)
6,462
5,786
8.25%,
11/01/2029
(g)
3,985
3,258
9.50%,
11/01/2028
(g)
5,400
5,386
Mauser
Packaging
Solutions
Holding
Co
7.88%,
08/15/2026
(g)
6,360
6,426
9.25%,
04/15/2027
(g)
3,925
3,789
$
74,459
Pharmaceuticals
-
2
.94
%
180
Medical
Inc
3.88%,
10/15/2029
(g)
13,280
11,870
AdaptHealth
LLC
5.13%,
03/01/2030
(g)
14,716
11,507
Bausch
Health
Cos
Inc
5.50%,
11/01/2025
(g)
2,185
2,008
6.13%,
02/01/2027
(g)
18,610
11,776
BellRing
Brands
Inc
7.00%,
03/15/2030
(g)
11,420
11,692
Jazz
Securities
DAC
4.38%,
01/15/2029
(g)
19,360
17,857
Prestige
Brands
Inc
3.75%,
04/01/2031
(g)
8,480
7,354
$
74,064
Pipelines
-
5
.77
%
Antero
Midstream
Partners
LP
/
Antero
Midstream
Finance
Corp
5.38%,
06/15/2029
(g)
5,820
5,588
5.75%,
03/01/2027
(g)
12,230
12,139
Buckeye
Partners
LP
3.95%,
12/01/2026
4,505
4,274
4.13%,
12/01/2027
9,680
9,126
CNX
Midstream
Partners
LP
4.75%,
04/15/2030
(g)
13,566
11,822
DT
Midstream
Inc
4.13%,
06/15/2029
(g)
12,564
11,543
Schedule
of
Investments
High
Yield
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
129
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pipelines
(continued)
Genesis
Energy
LP
/
Genesis
Energy
Finance
Corp
8.25%,
01/15/2029
$
7,735
$
7,952
Harvest
Midstream
I
LP
7.50%,
09/01/2028
(g)
11,595
11,712
Hess
Midstream
Operations
LP
4.25%,
02/15/2030
(g)
20,245
18,622
Kinetik
Holdings
LP
5.88%,
06/15/2030
(g)
7,765
7,627
NGL
Energy
Operating
LLC
/
NGL
Energy
Finance
Corp
8.13%,
02/15/2029
(g),(m)
2,735
2,749
8.38%,
02/15/2032
(g),(m)
7,225
7,278
Venture
Global
Calcasieu
Pass
LLC
3.88%,
11/01/2033
(f),(g)
15,305
12,962
Venture
Global
LNG
Inc
8.38%,
06/01/2031
(g)
9,395
9,488
9.50%,
02/01/2029
(g)
11,910
12,649
$
145,531
REITs
-
2
.93
%
HAT
Holdings
I
LLC
/
HAT
Holdings
II
LLC
3.38%,
06/15/2026
(g)
9,195
8,545
3.75%,
09/15/2030
(f),(g)
4,395
3,631
8.00%,
06/15/2027
(g)
2,085
2,159
Iron
Mountain
Inc
4.50%,
02/15/2031
(g)
13,900
12,463
Ladder
Capital
Finance
Holdings
LLLP
/
Ladder
Capital
Finance
Corp
4.75%,
06/15/2029
(g)
21,583
19,319
MPT
Operating
Partnership
LP
/
MPT
Finance
Corp
3.50%,
03/15/2031
9,845
6,035
Park
Intermediate
Holdings
LLC
/
PK
Domestic
Property
LLC
/
PK
Finance
Co-Issuer
4.88%,
05/15/2029
(g)
735
674
5.88%,
10/01/2028
(g)
3,865
3,759
7.50%,
06/01/2025
(g)
4,180
4,191
XHR
LP
4.88%,
06/01/2029
(g)
14,253
13,146
$
73,922
Retail
-
5
.31
%
Abercrombie
&
Fitch
Management
Co
8.75%,
07/15/2025
(g)
2,515
2,554
Academy
Ltd
6.00%,
11/15/2027
(g)
11,250
11,115
Bath
&
Body
Works
Inc
5.25%,
02/01/2028
(f)
11,165
10,928
6.63%,
10/01/2030
(g)
3,730
3,779
6.75%,
07/01/2036
1,100
1,084
6.95%,
03/01/2033
2,500
2,460
9.38%,
07/01/2025
(g)
432
450
Doman
Building
Materials
Group
Ltd
5.25%,
05/15/2026
(g)
CAD
8,370
5,934
Fertitta
Entertainment
LLC
/
Fertitta
Entertainment
Finance
Co
Inc
4.63%,
01/15/2029
(g)
$
16,625
15,213
6.75%,
01/15/2030
(g)
6,635
5,965
Gap
Inc/The
3.63%,
10/01/2029
(g)
15,715
13,459
IRB
Holding
Corp
7.00%,
06/15/2025
(g)
4,915
4,885
LSF9
Atlantis
Holdings
LLC
/
Victra
Finance
Corp
7.75%,
02/15/2026
(g)
11,835
11,409
Park
River
Holdings
Inc
5.63%,
02/01/2029
(g)
12,600
10,282
Patrick
Industries
Inc
4.75%,
05/01/2029
(g)
7,000
6,449
7.50%,
10/15/2027
(g)
2,725
2,739
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Retail
(continued)
PetSmart
Inc
/
PetSmart
Finance
Corp
4.75%,
02/15/2028
(g)
$
11,270
$
10,528
7.75%,
02/15/2029
(g)
2,500
2,417
Yum!
Brands
Inc
3.63%,
03/15/2031
(f)
13,890
12,258
$
133,908
Savings
&
Loans
-
0
.00
%
Washington
Mutual
Bank
/
Henderson
NV
0.00%,
06/15/2011
(d),(e)
3,500
—
0.00%,
01/15/2013
(d)
3,000
—
0.00%,
01/15/2015
(d),(e)
2,000
—
$
—
Semiconductors
-
0
.37
%
ams-OSRAM
AG
12.25%,
03/30/2029
(g)
8,550
9,242
Software
-
1
.29
%
Cloud
Software
Group
Inc
6.50%,
03/31/2029
(g)
6,205
5,794
Open
Text
Corp
3.88%,
02/15/2028
(g)
11,250
10,449
3.88%,
12/01/2029
(g)
18,070
16,297
$
32,540
Telecommunications
-
1
.94
%
Altice
France
Holding
SA
10.50%,
05/15/2027
(g)
7,205
4,140
Altice
France
SA/France
5.50%,
01/15/2028
(g)
3,595
2,807
8.13%,
02/01/2027
(g)
6,375
5,698
Iliad
Holding
SASU
6.50%,
10/15/2026
(g)
3,000
2,941
Level
3
Financing
Inc
10.50%,
05/15/2030
(g)
11,425
11,368
Telecom
Italia
Capital
SA
6.38%,
11/15/2033
580
562
Telecom
Italia
SpA/Milano
5.30%,
05/30/2024
(g)
9,455
9,401
Viavi
Solutions
Inc
3.75%,
10/01/2029
(g)
13,660
11,902
$
48,819
Textiles
-
0
.44
%
Eagle
Intermediate
Global
Holding
BV/Eagle
US
Finance
LLC
7.50%,
05/01/2025
(g)
7,500
4,982
Linx
Capital
Ltd
15.20%,
PIK
15.20%;
04/01/2025
(g),(k),(l)
EUR
6,912
5,976
$
10,958
Transportation
-
1
.32
%
Eletson
Holdings
Inc
/
Eletson
Finance
US
LLC
/
Agathonissos
Finance
LLC
0.00%,
01/15/2022
(d),(e)
$
18,905
95
GN
Bondco
LLC
9.50%,
10/15/2031
(g)
490
483
Navios
South
American
Logistics
Inc
/
Navios
Logistics
Finance
US
Inc
10.75%,
07/01/2025
(g)
8,625
8,582
SFL
Corp
Ltd
7.25%,
05/12/2026
(g)
1,800
1,774
8.88%,
02/01/2027
7,900
8,097
Watco
Cos
LLC
/
Watco
Finance
Corp
6.50%,
06/15/2027
(g)
14,452
14,363
$
33,394
TOTAL
BONDS
$
2,260,982
Schedule
of
Investments
High
Yield
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
130
CONVERTIBLE
BONDS
-
0
.00
%
Principal
Amount
(000's)
Value
(000's)
Food
-
0
.00
%
Fresh
Express
Delivery
Holding
Group
Co
Ltd
-
Escrow
0.00%,
11/09/2009
(d),(e)
HKD
46,500
$
—
0.00%,
10/18/2010
(d),(e)
CNH
245,000
—
$
—
TOTAL
CONVERTIBLE
BONDS
$
—
SENIOR
FLOATING
RATE
INTERESTS
-
7
.10
%
Principal
Amount
(000's)
Value
(000's)
Aerospace
&
Defense
-
0
.07
%
TransDigm
Inc
8.60%,
02/14/2031
(n)
$
1,895
$
1,896
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
Airlines
-
1
.01
%
AAdvantage
Loyalty
IP
Ltd
10.33%,
04/20/2028
(n)
13,666
13,984
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.75%
Mileage
Plus
Holdings
LLC
10.77%,
06/21/2027
(n)
4,506
4,639
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
5.25%
United
Airlines
Inc
9.20%,
04/21/2028
(n)
6,922
6,923
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
3.75%
$
25,546
Automobile
Parts
&
Equipment
-
0
.14
%
Tenneco
Inc
10.47%,
11/17/2028
(n)
3,800
3,434
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.00%
Chemicals
-
0
.59
%
Aruba
Investments
Holdings
LLC
13.18%,
11/24/2028
(n)
16,000
15,028
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
7.75%
Commercial
Services
-
0
.67
%
GTCR
W
Merger
Sub
LLC
0.00%,
09/20/2030
(n),(o)
7,515
7,507
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.00%
WestJet
Loyalty
LP
0.00%,
01/31/2031
(n),(o)
9,410
9,316
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.75%
$
16,823
Diversified
Financial
Services
-
0
.19
%
Russell
Investments
US
Institutional
Holdco
Inc
8.36%,
05/30/2025
(n)
5,187
4,860
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Food
-
0
.09
%
Fiesta
Purchaser
Inc
0.00%,
01/31/2031
(n),(o)
2,190
2,182
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
Forest
Products
&
Paper
-
0
.30
%
Spectrum
Group
Buyer
Inc
11.81%,
05/19/2028
(n)
9,179
7,680
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
6.50%
Healthcare
-
Products
-
0
.94
%
Medline
Borrower
LP
8.45%,
10/23/2028
(n)
23,674
23,622
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.25%
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Healthcare
-
Services
-
0
.48
%
Star
Parent
Inc
9.35%,
09/27/2030
(n)
$
12,335
$
12,035
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
4.00%
Insurance
-
0
.23
%
Acrisure
LLC
9.15%,
02/15/2027
(n)
5,968
5,934
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.50%
Iron
&
Steel
-
0
.28
%
TMS
International
Corp/DE
9.59%,
03/02/2030
(n)
6,972
6,977
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.25%
Lodging
-
0
.16
%
Fertitta
Entertainment
LLC/NV
9.33%,
01/13/2029
(n)
3,960
3,947
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
Media
-
0
.52
%
Directv
Financing
LLC
10.83%,
08/02/2029
(n)
13,258
13,241
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.25%
Mining
-
0
.41
%
Arsenal
AIC
Parent
LLC
9.83%,
08/18/2030
(n)
10,379
10,366
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.50%
Packaging
&
Containers
-
0
.32
%
Mauser
Packaging
Solutions
Holding
Co
9.35%,
08/15/2026
(n)
3,007
3,010
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
Valcour
Packaging
LLC
9.21%,
09/30/2028
(n)
2,858
2,305
1
Month
USD
LIBOR
+
3.75%
12.46%,
09/30/2029
(n)
7,063
2,684
6
Month
USD
LIBOR
+
7.00%
$
7,999
Retail
-
0
.45
%
Foundation
Building
Materials
Inc
0.00%,
01/24/2031
(n),(o)
4,040
4,017
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
IRB
Holding
Corp
7.61%,
12/15/2027
(n)
7,276
7,256
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.75%
$
11,273
Software
-
0
.25
%
Cloud
Software
Group
Inc
9.95%,
03/30/2029
(n)
6,384
6,260
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.50%
TOTAL
SENIOR
FLOATING
RATE
INTERESTS
$
179,103
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
-
1
.20
%
Principal
Amount
(000's)
Value
(000's)
U.S.
Treasury
-
1
.20
%
4.63%,
09/15/2026
$
30,000
$
30,410
TOTAL
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
$
30,410
Total
Investments
$
2,565,577
Other
Assets
and
Liabilities
- (1.70)%
(
42,894
)
TOTAL
NET
ASSETS
-
100.00%
$
2,522,683
Schedule
of
Investments
High
Yield
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
131
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$28,167
or
1.12%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
The
value
of
these
investments
was
determined
using
significant
unobservable
inputs,
in
good
faith
by
the
Manager,
under
procedures
established
and
periodically
reviewed
by
the
Board
of
Directors.
(f)
Security
or
a
portion
of
the
security
was
on
loan. At
the
end
of
the
period,
the
value
of
these
securities
totaled
$27,010
or
1.07%
of
net
assets.
(g)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$1,827,398
or
72.44%
of
net
assets.
(h)
Rate
shown
is
as
of
period
end.
The
rate
may
be
a
variable
or
floating
rate
or
a
fixed
rate
which
may
convert
to
a
variable
or
floating
rate
in
the
future.
(i)
Perpetual
security.
Perpetual
securities
pay
an
indefinite
stream
of
interest,
but
they
may
be
called
by
the
issuer
at
an
earlier
date.
Date
shown,
if
any,
reflects
the
next
call
date
or
final
legal
maturity
date.
Rate
shown
is
as
of
period
end.
(j)
Security
is
a
contingent
convertible
security,
("CoCo").
CoCo's
are
hybrid
debt
securities
that
may
convert
to
equity
or
have
their
principal
written
down
upon
occurrence
of
certain
"triggers".
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$16,051
or
0.64%
of
net
assets.
(k)
Certain
variable
rate
securities
are
not
based
on
a
published
reference
rate
and
spread
but
are
determined
by
the
issuer
or
agent
and
are
based
on
current
market
conditions. These
securities
do
not
indicate
a
reference
rate
and
spread
in
their
description.
Rate
shown
is
the
rate
in
effect
as
of
period
end.
(l)
Payment
in
kind;
the
issuer
has
the
option
of
paying
additional
securities
in
lieu
of
cash.
(m)
Security
purchased
on
a
when-issued
basis.
(n)
Rate
information
disclosed
is
based
on
an
average
weighted
rate
of
the
underlying
tranches
as
of
period
end.
(o)
This
Senior
Floating
Rate
Note
will
settle
after
January
31,
2024,
at
which
time
the
interest
rate
will
be
determined.
Portfolio
Summary
Sector
Percent
Consumer,
Cyclical
21
.73
%
Consumer,
Non-cyclical
16
.90
%
Energy
12
.79
%
Industrial
11
.67
%
Communications
9
.55
%
Financial
9
.15
%
Basic
Materials
7
.98
%
Technology
4
.52
%
Money
Market
Funds
3
.69
%
Utilities
2
.52
%
Government
1
.20
%
Other
Assets
and
Liabilities
(
1
.70
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
32,956
$
315,808
$
262,444
$
86,320
$
32,956
$
315,808
$
262,444
$
86,320
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
909
$
—
$
—
$
—
$
909
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Foreign
Currency
Contracts
Unrealized
Appreciation/(Depreciation)
Counterparty
Settlement
Date
Currency
to
Accept
Currency
to
Deliver
Asset
Liability
JPMorgan
Chase
02/26/2024
$
26
GBP
21
$
—
$
—
JPMorgan
Chase
02/26/2024
$
6,237
EUR
5,735
33
—
JPMorgan
Chase
02/26/2024
$
5,946
CAD
8,022
—
(
23
)
Total
$
33
$
(
23
)
Amounts
in
thousands.
Schedule
of
Investments
Inflation
Protection
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
132
INVESTMENT
COMPANIES
-
0
.71
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
0
.71
%
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(a),(b)
10,782,853
$
10,783
TOTAL
INVESTMENT
COMPANIES
$
10,783
BONDS
-
3
.06
%
Principal
Amount
(000's)
Value
(000's)
Banks
-
0
.28
%
Banco
de
Sabadell
SA
4.00%,
01/15/2030
(c)
EUR
600
$
656
EUR
Swap
Annual
(VS
6
Month)
1
Year
+
1.60%
Banque
Federative
du
Credit
Mutuel
SA
3.75%,
02/03/2034
300
326
4.75%,
11/10/2031
200
229
BPCE
SA
3.88%,
01/25/2036
300
328
Credit
Agricole
SA
3.75%,
01/22/2034
400
437
Goldman
Sachs
Group
Inc/The
0.88%,
05/09/2029
281
264
HSBC
Holdings
PLC
4.86%,
05/23/2033
(c)
448
515
3
Month
Euro
Interbank
Offered
Rate
+
1.94%
ING
Groep
NV
4.75%,
05/23/2034
(c)
200
231
3
Month
Euro
Interbank
Offered
Rate
+
1.90%
JPMorgan
Chase
&
Co
4.46%,
11/13/2031
(c)
600
682
3
Month
Euro
Interbank
Offered
Rate
+
1.28%
UBS
Group
AG
7.75%,
03/01/2029
(c)
281
349
Euribor
Swap
Rate
1
Year
+
4.95%
Wells
Fargo
&
Co
0.63%,
03/25/2030
157
142
$
4,159
Beverages
-
0
.03
%
JDE
Peet's
NV
4.50%,
01/23/2034
455
513
Commercial
Mortgage
Backed
Securities
-
0
.07
%
BX
Commercial
Mortgage
Trust
2024-XL4
8.14%,
02/15/2039
(d),(e)
$
830
828
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
3.14%
Commercial
Mortgage
Trust
2007-GG9
0.58%,
03/10/2039
(e),(f),(g)
82
—
Ginnie
Mae
1.60%,
03/16/2047
(f),(g)
67
—
HONO
2021-LULU
Mortgage
Trust
6.60%,
10/15/2036
(e)
220
212
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.26%
$
1,040
Commercial
Services
-
0
.02
%
Motability
Operations
Group
PLC
3.88%,
01/24/2034
EUR
290
319
Electric
-
0
.16
%
Coentreprise
de
Transport
d'Electricite
SA
3.75%,
01/17/2036
300
327
Duke
Energy
Corp
3.85%,
06/15/2034
151
159
EDP
Servicios
Financieros
Espana
SA
3.50%,
07/16/2030
600
652
Electricite
de
France
SA
4.25%,
01/25/2032
200
224
Elia
Transmission
Belgium
SA
3.75%,
01/16/2036
400
438
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
EnBW
International
Finance
BV
3.85%,
05/23/2030
EUR
65
$
72
Iren
SpA
3.88%,
07/22/2032
120
132
Terna
-
Rete
Elettrica
Nazionale
3.50%,
01/17/2031
400
435
$
2,439
Food
-
0
.04
%
Nestle
Finance
International
Ltd
3.25%,
01/23/2037
310
335
REWE
International
Finance
BV
4.88%,
09/13/2030
200
228
$
563
Gas
-
0
.05
%
National
Grid
North
America
Inc
4.67%,
09/12/2033
700
801
Healthcare
-
Products
-
0
.05
%
Sartorius
Finance
BV
4.88%,
09/14/2035
700
811
Home
Equity
Asset
Backed
Securities
-
0
.00
%
Option
One
Mortgage
Loan
Trust
2005-1
6.95%,
02/25/2035
$
23
16
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.61%
Mortgage
Backed
Securities
-
0
.94
%
BRAVO
Residential
Funding
Trust
2023-NQM3
4.85%,
09/25/2062
(e),(g)
1,716
1,690
Chase
Mortgage
Finance
Trust
Series
2007-A2
5.16%,
06/25/2035
(g)
7
6
CSMC
2022-NQM4
Trust
4.82%,
06/25/2067
(e),(g)
1,370
1,352
CSMC
2022-NQM5
Trust
5.17%,
05/25/2067
(e),(g)
2,530
2,501
Ellington
Financial
Mortgage
Trust
2021-3
1.24%,
09/25/2066
(e),(g)
2,123
1,697
Fannie
Mae
REMIC
Trust
2004-W5
5.91%,
02/25/2047
10
10
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.56%
Impac
CMB
Trust
Series
2004-5
7.78%,
10/25/2034
2
2
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.44%
Impac
CMB
Trust
Series
2004-6
6.43%,
10/25/2034
2
2
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.09%
Impac
CMB
Trust
Series
2005-1
6.07%,
04/25/2035
25
22
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.73%
Impac
CMB
Trust
Series
2005-5
6.22%,
08/25/2035
5
5
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.62%
J.P.
Morgan
Mortgage
Trust
2023-DSC1
4.62%,
07/25/2063
(e),(g)
927
876
Merrill
Lynch
Alternative
Note
Asset
Trust
Series
2007-A3
5.87%,
04/25/2037
1,284
485
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.53%
PRKCM
2022-AFC2
Trust
5.33%,
08/25/2057
(e),(g)
500
493
SG
Residential
Mortgage
Trust
2021-1
1.16%,
07/25/2061
(e),(g)
2,439
1,985
SG
Residential
Mortgage
Trust
2022-2
5.35%,
08/25/2062
(e),(g)
627
632
Schedule
of
Investments
Inflation
Protection
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
133
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Mortgage
Backed
Securities
(continued)
Verus
Securitization
Trust
2022-7
5.15%,
07/25/2067
(e),(g)
$
1,825
$
1,831
Verus
Securitization
Trust
2022-INV2
6.79%,
10/25/2067
(e),(g)
644
653
WaMu
Mortgage
Pass-Through
Certificates
Series
2005-AR2
Trust
6.19%,
01/25/2045
11
11
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.85%
$
14,253
Oil
&
Gas
-
0
.02
%
BP
Capital
Markets
PLC
2.82%,
04/07/2032
EUR
155
161
Eni
SpA
3.88%,
01/15/2034
157
172
$
333
Other
Asset
Backed
Securities
-
0
.68
%
AMSR
2022-SFR3
Trust
4.00%,
10/17/2039
(e)
$
2,091
1,940
Argent
Securities
Trust
2006-W3
5.69%,
04/25/2036
24
8
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.35%
Countrywide
Asset-Backed
Certificates
6.58%,
12/25/2032
7
6
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.24%
Long
Beach
Mortgage
Loan
Trust
2004-2
6.25%,
06/25/2034
17
17
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.91%
New
Residential
Mortgage
Loan
Trust
2022-SFR2
4.00%,
09/04/2039
(e)
2,035
1,883
Pagaya
AI
Technology
in
Housing
Trust
2022-1
4.25%,
08/25/2025
(e)
1,275
1,220
Progress
Residential
2022-SFR6
Trust
6.04%,
07/20/2039
(e)
1,990
1,979
Progress
Residential
2022-SFR7
Trust
5.50%,
10/27/2039
(e)
3,320
3,290
$
10,343
Retail
-
0
.05
%
McDonald's
Corp
3.88%,
02/20/2031
EUR
600
672
Sovereign
-
0
.64
%
European
Union
2.50%,
10/04/2052
1,175
1,095
3.00%,
03/04/2053
3,200
3,295
Mexican
Bonos
8.50%,
03/01/2029
MXN
16,500
931
8.50%,
05/31/2029
33,000
1,869
United
Kingdom
Gilt
3.75%,
10/22/2053
GBP
2,235
2,503
$
9,693
Telecommunications
-
0
.03
%
Telefonica
Emisiones
SA
4.06%,
01/24/2036
EUR
400
444
TOTAL
BONDS
$
46,399
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
-
99
.46
%
Principal
Amount
(000's)
Value
(000's)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
-
3
.35
%
4.50%,
02/01/2054
(h)
$
10,768
$
10,410
4.50%,
03/01/2054
(h)
3,600
3,482
5.00%,
02/01/2054
(h)
17,120
16,896
5.50%,
02/01/2054
(h)
20,000
20,057
$
50,845
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
U.S.
Treasury
Inflation-Indexed
Obligations
-
96
.11
%
0.13%,
04/15/2025
$
31,543
$
30,590
0.13%,
10/15/2025
42,383
41,040
0.13%,
04/15/2026
17,399
16,656
0.13%,
07/15/2026
45,323
43,492
0.13%,
10/15/2026
51,902
49,606
0.13%,
04/15/2027
50,308
47,571
0.13%,
01/15/2030
45,577
41,659
0.13%,
07/15/2030
52,754
48,071
0.13%,
01/15/2031
51,829
46,698
0.13%,
07/15/2031
55,150
49,431
0.13%,
01/15/2032
58,807
52,039
0.13%,
02/15/2051
20,993
12,866
0.13%,
02/15/2052
22,308
13,517
0.25%,
07/15/2029
43,376
40,374
0.25%,
02/15/2050
18,446
11,922
0.38%,
07/15/2025
50,234
48,997
0.38%,
01/15/2027
34,214
32,743
0.38%,
07/15/2027
48,069
45,951
0.50%,
01/15/2028
31,249
29,745
0.63%,
01/15/2026
41,274
40,085
0.63%,
07/15/2032
59,995
55,146
0.63%,
02/15/2043
18,237
14,289
0.75%,
07/15/2028
40,089
38,611
0.75%,
02/15/2042
24,828
20,210
0.75%,
02/15/2045
28,803
22,555
0.88%,
01/15/2029
37,980
36,535
0.88%,
02/15/2047
18,889
14,864
1.00%,
02/15/2046
16,945
13,861
1.00%,
02/15/2048
12,184
9,793
1.00%,
02/15/2049
13,758
11,021
1.13%,
01/15/2033
(i)
57,029
54,254
1.25%,
04/15/2028
40,364
39,518
1.38%,
07/15/2033
(i)
60,494
58,934
1.38%,
02/15/2044
28,553
25,580
1.50%,
02/15/2053
23,464
21,015
1.63%,
10/15/2027
45,048
44,940
1.75%,
01/15/2028
18,914
18,897
1.75%,
01/15/2034
22,290
22,370
2.00%,
01/15/2026
21,643
21,585
2.13%,
02/15/2040
10,962
11,266
2.13%,
02/15/2041
15,261
15,698
2.38%,
01/15/2027
21,560
21,852
2.38%,
10/15/2028
47,783
49,399
2.50%,
01/15/2029
17,267
17,942
3.38%,
04/15/2032
8,019
9,014
3.63%,
04/15/2028
19,639
21,096
3.88%,
04/15/2029
22,222
24,591
$
1,457,889
TOTAL
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
$
1,508,734
TOTAL
PURCHASED
OPTIONS
-
0.02%
$
293
TOTAL
PURCHASED
INTEREST
RATE
SWAPTIONS
-
0.03%
$
502
Total
Investments
$
1,566,711
Other
Assets
and
Liabilities
- (3.28)%
(
49,772
)
TOTAL
NET
ASSETS
-
100.00%
$
1,516,939
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
1-day
yield
shown
is
as
of
period
end.
(c)
Rate
shown
is
as
of
period
end.
The
rate
may
be
a
variable
or
floating
rate
or
a
fixed
rate
which
may
convert
to
a
variable
or
floating
rate
in
the
future.
(d)
Security
purchased
on
a
when-issued
basis.
Schedule
of
Investments
Inflation
Protection
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
134
(e)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$25,062
or
1.65%
of
net
assets.
(f)
Security
is
an
Interest
Only
Strip.
(g)
Certain
variable
rate
securities
are
not
based
on
a
published
reference
rate
and
spread
but
are
determined
by
the
issuer
or
agent
and
are
based
on
current
market
conditions. These
securities
do
not
indicate
a
reference
rate
and
spread
in
their
description.
Rate
shown
is
the
rate
in
effect
as
of
period
end.
(h)
Security
was
purchased
in
a
"to-be-announced"
("TBA")
transaction.
(i)
Security
or
a
portion
of
the
security
was
pledged
to
cover
margin
requirements
for
swap
and/or
swaption
contracts.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$931
or
0.06%
of
net
assets.
Portfolio
Summary
Sector
Percent
Government
96
.75
%
Mortgage
Securities
4
.36
%
Money
Market
Funds
0
.71
%
Asset
Backed
Securities
0
.68
%
Financial
0
.28
%
Utilities
0
.21
%
Consumer,
Non-cyclical
0
.14
%
Consumer,
Cyclical
0
.05
%
Communications
0
.03
%
Purchased
Interest
Rate
Swaptions
0
.03
%
Energy
0
.02
%
Purchased
Options
0
.02
%
Other
Assets
and
Liabilities
(
3
.28
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
1,697
$
73,754
$
64,668
$
10,783
$
1,697
$
73,754
$
64,668
$
10,783
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
42
$
—
$
—
$
—
$
42
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Options
Purchased
Options
Outstanding
Counterparty
Contracts/
Shares
Notional
Amount
Exercise
Price
Expiration
Date
Upfront
Payments
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Call
-
3
Month
Secured
Overnight
Financing
Rate
Future;
March
2024
N/A
766
$
1,915
$
94
.94
03/18/2024
$
182
$
120
$
(
62
)
Put
-
3
Month
Secured
Overnight
Financing
Rate
Future;
December
2024
N/A
118
295
$
95
.81
12/16/2024
92
80
(
12
)
Put
-
3
Month
Secured
Overnight
Financing
Rate
Future;
June
2024
N/A
276
690
$
95
.25
05/13/2024
114
79
(
35
)
Put
-
US
10
Year
Note
Future;
March
2024
N/A
899
899
$
110
.75
02/05/2024
184
14
(
170
)
Total
$
572
$
293
$
(
279
)
Written
Options
Outstanding
Counterparty
Contracts/
Shares
Notional
Amount
Exercise
Price
Expiration
Date
Upfront
Receipts
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Call
-
3
Month
Secured
Overnight
Financing
Rate
Future;
March
2024
N/A
383
$
958
$
96
.50
03/18/2024
$
(
171
)
$
(
182
)
$
(
11
)
Put
-
3
Month
Secured
Overnight
Financing
Rate
Future;
December
2025
N/A
118
295
$
96
.25
12/16/2024
(
91
)
(
71
)
20
Put
-
3
Month
Secured
Overnight
Financing
Rate
Future;
June
2024
N/A
276
690
$
94
.88
05/13/2024
(
27
)
(
12
)
15
Put
-
3
Month
Secured
Overnight
Financing
Rate
Future;
June
2024
N/A
276
690
$
95
.06
05/13/2024
(
59
)
(
33
)
26
Put
-
US
10
Year
Note
Future;
March
2024
N/A
899
899
$
110
.00
02/05/2024
(
55
)
—
55
Total
$
(
403
)
$
(
298
)
$
105
Amounts
in
thousands
except
contracts/shares.
Schedule
of
Investments
Inflation
Protection
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
135
Interest
Rate
Swaptions
Purchased
Swaptions
Outstanding
Counterparty
Floating
Rate
Index
Pay/
Receive
Floating
Rate
Notional
Amount
Exercise
Rate
Expiration
Date
Upfront
Payments
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Call
-
5
Year
Interest
Rate
Swap
Citigroup
Inc
Secured
Overnight
Financing
Rate
Pay
$
15,239
4.24%
03/27/2024
$
234
$
459
$
225
Put
-
10
Year
Interest
Rate
Swap
JPMorgan
Chase
6
Month
Euro
Interbank
Offered
Rate
Receive
EUR
11,542
2.83%
03/13/2024
122
32
(
90
)
Put
-
5
Year
Interest
Rate
Swap
Citigroup
Inc
Secured
Overnight
Financing
Rate
Receive
$
15,239
4.24%
03/27/2024
235
11
(
224
)
Total
$
591
$
502
$
(
89
)
Written
Swaptions
Outstanding
Counterparty
Floating
Rate
Index
Pay/
Receive
Floating
Rate
Notional
Amount
Exercise
Rate
Expiration
Date
Upfront
Receipts
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Call
-
5
Year
Interest
Rate
Swap
Barclays
Bank
PLC
Secured
Overnight
Financing
Rate
Receive
$
15,239
3.96%
03/15/2024
$
(
215
)
$
(
278
)
$
(
63
)
Call
-
5
Year
Interest
Rate
Swap
Citigroup
Inc
Secured
Overnight
Financing
Rate
Receive
38,096
3.75%
06/13/2024
(
606
)
(
739
)
(
133
)
Call
-
5
Year
Interest
Rate
Swap
Deutsche
Bank
AG
Secured
Overnight
Financing
Rate
Receive
10,581
3.90%
11/15/2024
(
235
)
(
330
)
(
95
)
Put
-
10
Year
Interest
Rate
Swap
JPMorgan
Chase
6
Month
Euro
Interbank
Offered
Rate
Pay
EUR
11,542
3.23%
03/13/2024
(
38
)
(
4
)
34
Put
-
5
Year
Interest
Rate
Swap
Barclays
Bank
PLC
Secured
Overnight
Financing
Rate
Pay
$
15,239
3.96%
03/15/2024
(
215
)
(
27
)
188
Put
-
5
Year
Interest
Rate
Swap
Citigroup
Inc
Secured
Overnight
Financing
Rate
Pay
38,096
3.75%
06/13/2024
(
585
)
(
276
)
309
Put
-
5
Year
Interest
Rate
Swap
Deutsche
Bank
AG
Secured
Overnight
Financing
Rate
Pay
10,581
3.90%
11/15/2024
(
235
)
(
95
)
140
Total
$
(
2,129
)
$
(
1,749
)
$
380
Amounts
in
thousands.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
Australia
10
Year
Bond;
March
2024
Long
20
$
1,524
$
37
Canada
10
Year
Bond;
March
2024
Short
60
5,430
(
154
)
Euribor;
March
2024
Long
58
15,083
11
Euro
Bond
10
Year
Bond;
March
2024
Short
40
5,873
(
39
)
Euro
Buxl
30
Year
Bond;
March
2024
Short
51
7,582
(
148
)
Euro-Bobl
5
Year;
March
2024
Short
26
3,331
(
12
)
UK
10
Year
Gilt;
March
2024
Short
15
1,900
8
US
10
Year
Note;
March
2024
Short
139
15,614
(
79
)
US
10
Year
Ultra
Note;
March
2024
Long
23
2,688
21
US
2
Year
Note;
March
2024
Short
185
38,046
(
59
)
US
5
Year
Note;
March
2024
Short
16
1,734
(
13
)
US
Long
Bond;
March
2024
Short
39
4,771
(
149
)
US
Ultra
Bond;
March
2024
Short
5
646
(
35
)
Total
$
(
611
)
Amounts
in
thousands
except
contracts.
Foreign
Currency
Contracts
Unrealized
Appreciation/(Depreciation)
Counterparty
Settlement
Date
Currency
to
Accept
Currency
to
Deliver
Asset
Liability
ANZ
Stockbroking
02/02/2024
AUD
44
$
29
$
—
$
—
ANZ
Stockbroking
03/04/2024
$
29
AUD
44
—
—
Bank
of
America
NA
02/02/2024
$
1,378
EUR
1,257
20
—
Bank
of
New
York
Mellon
02/02/2024
AUD
590
$
397
—
(
10
)
BNP
Paribas
02/02/2024
$
5,062
EUR
4,562
132
—
BNP
Paribas
02/02/2024
$
463
AUD
678
18
—
CIBC
World
Markets
Corp
02/02/2024
$
3,588
EUR
3,290
32
—
Citigroup
Inc
02/02/2024
$
1,075
GBP
842
8
—
Citigroup
Inc
02/02/2024
$
36
EUR
33
—
—
Deutsche
Bank
AG
02/02/2024
GBP
1,891
$
2,395
2
—
Deutsche
Bank
AG
03/04/2024
$
2,395
GBP
1,891
—
(
2
)
HSBC
Securities
Inc
02/02/2024
$
2,531
EUR
2,309
36
—
JPMorgan
Chase
02/02/2024
EUR
14,136
$
15,345
—
(
68
)
JPMorgan
Chase
02/02/2024
$
1,313
EUR
1,206
10
—
JPMorgan
Chase
03/04/2024
$
15,364
EUR
14,136
69
—
Morgan
Stanley
&
Co
02/02/2024
$
1,103
GBP
868
3
—
Morgan
Stanley
&
Co
02/02/2024
$
239
EUR
218
3
—
Schedule
of
Investments
Inflation
Protection
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
136
Foreign
Currency
Contracts
(continued)
Unrealized
Appreciation/(Depreciation)
Counterparty
Settlement
Date
Currency
to
Accept
Currency
to
Deliver
Asset
Liability
UBS
AG
02/02/2024
$
1,383
EUR
1,270
$
10
$
—
UBS
AG
02/02/2024
$
231
GBP
182
—
—
Total
$
343
$
(
80
)
Amounts
in
thousands.
Exchange
Cleared
Interest
Rate
Swaps
Floating
Rate
Index
(Pay)/
Receive
Floating
Rate
Fixed
Rate
Payment
Frequency
Paid
by
Fund
Payment
Frequency
Received
by
Fund
Effective
Date
(a)
Maturity
Date
Notional
Amount
Unrealized
Appreciation/
(Depreciation)
Upfront
Payments/(Receipts)
Fair
Value
Consumer
Price
All
Urban
Non-
Seasonally
Adjusted
Index
Receive
2.61%
Annual
Annual
N/A
12/12/2027
$
16,230
$
(
92
)
$
—
$
(
92
)
Consumer
Price
All
Urban
Non-
Seasonally
Adjusted
Index
Receive
2.12%
Annual
Annual
N/A
01/05/2026
15,185
1
—
1
Consumer
Price
All
Urban
Non-
Seasonally
Adjusted
Index
Receive
2.17%
Annual
Annual
N/A
01/16/2026
6,975
(
2
)
(
1
)
(
3
)
Consumer
Price
All
Urban
Non-
Seasonally
Adjusted
Index
Pay
2.50%
Annual
Annual
N/A
01/19/2054
875
8
—
8
Consumer
Price
All
Urban
Non-
Seasonally
Adjusted
Index
Pay
2.51%
Annual
Annual
N/A
01/22/2054
875
9
—
9
Consumer
Price
All
Urban
Non-
Seasonally
Adjusted
Index
Receive
2.54%
Annual
Annual
N/A
01/24/2034
223
(
2
)
—
(
2
)
Consumer
Price
All
Urban
Non-
Seasonally
Adjusted
Index
Receive
2.46%
Annual
Annual
N/A
12/19/2033
726
(
1
)
—
(
1
)
Consumer
Price
All
Urban
Non-
Seasonally
Adjusted
Index
Receive
2.50%
Annual
Annual
N/A
01/24/2034
223
(
1
)
—
(
1
)
Consumer
Price
All
Urban
Non-
Seasonally
Adjusted
Index
Receive
2.47%
Annual
Annual
N/A
01/17/2034
227
—
—
—
Consumer
Price
All
Urban
Non-
Seasonally
Adjusted
Index
Receive
2.47%
Annual
Annual
N/A
12/18/2053
1,400
(
7
)
—
(
7
)
Consumer
Price
All
Urban
Non-
Seasonally
Adjusted
Index
Receive
2.32%
Annual
Annual
N/A
11/21/2026
5,015
(
22
)
—
(
22
)
Consumer
Price
All
Urban
Non-
Seasonally
Adjusted
Index
Receive
2.32%
Annual
Annual
N/A
11/14/2025
3,400
(
12
)
—
(
12
)
Consumer
Price
All
Urban
Non-
Seasonally
Adjusted
Index
Receive
2.42%
Annual
Annual
N/A
05/22/2028
13,840
(
3
)
—
(
3
)
Consumer
Price
All
Urban
Non-
Seasonally
Adjusted
Index
Receive
2.41%
Annual
Annual
N/A
12/15/2033
1,810
4
—
4
Consumer
Price
All
Urban
Non-
Seasonally
Adjusted
Index
Receive
2.45%
Annual
Annual
N/A
01/09/2034
221
—
—
—
Eurostat
Eurozone
HICP
ex
Tobacco
Pay
2.51%
Annual
Annual
N/A
12/15/2053
EUR
1,200
$
43
—
43
Eurostat
Eurozone
HICP
ex
Tobacco
Pay
2.53%
Annual
Annual
N/A
11/15/2053
495
20
—
20
Eurostat
Eurozone
HICP
ex
Tobacco
Pay
2.64%
Annual
Annual
N/A
11/15/2053
255
19
1
20
Eurostat
Eurozone
HICP
ex
Tobacco
Pay
2.78%
Annual
Annual
N/A
08/15/2053
115
14
—
14
Secured
Overnight
Financing
Rate
Pay
3.36%
Annual
Annual
N/A
06/17/2029
$
2,298
$
(
11
)
—
(
11
)
Secured
Overnight
Financing
Rate
Receive
3.53%
Annual
Annual
N/A
06/17/2029
1,532
(
4
)
—
(
4
)
Secured
Overnight
Financing
Rate
Receive
3.68%
Annual
Annual
N/A
06/17/2029
3,826
(
36
)
—
(
36
)
Secured
Overnight
Financing
Rate
Pay
3.33%
Annual
Annual
N/A
06/17/2029
3,064
(
19
)
—
(
19
)
Secured
Overnight
Financing
Rate
Pay
3.44%
Annual
Annual
N/A
06/17/2029
2,298
(
4
)
—
(
4
)
Secured
Overnight
Financing
Rate
Pay
3.42%
Annual
Annual
N/A
06/17/2029
1,723
(
3
)
—
(
3
)
Secured
Overnight
Financing
Rate
Pay
3.41%
Annual
Annual
N/A
06/17/2029
4,596
(
13
)
1
(
12
)
Secured
Overnight
Financing
Rate
Receive
3.59%
Annual
Annual
N/A
06/17/2029
3,064
(
17
)
—
(
17
)
Secured
Overnight
Financing
Rate
Pay
3.47%
Annual
Annual
N/A
06/17/2029
3,983
1
—
1
Schedule
of
Investments
Inflation
Protection
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
137
Exchange
Cleared
Interest
Rate
Swaps
(continued)
Floating
Rate
Index
(Pay)/
Receive
Floating
Rate
Fixed
Rate
Payment
Frequency
Paid
by
Fund
Payment
Frequency
Received
by
Fund
Effective
Date
(a)
Maturity
Date
Notional
Amount
Unrealized
Appreciation/
(Depreciation)
Upfront
Payments/(Receipts)
Fair
Value
United
Kingdom
Retail
Prices
Index
Receive
3.18%
Annual
Annual
N/A
01/15/2054
GBP
920
$
1
$
(
3
)
$
(
2
)
United
Kingdom
Retail
Prices
Index
Receive
3.17%
Annual
Annual
N/A
01/15/2054
605
—
—
—
United
Kingdom
Retail
Prices
Index
Receive
3.16%
Annual
Annual
N/A
01/15/2054
605
2
1
3
Total
$
(
127
)
$
(
1
)
$
(
128
)
Amounts
in
thousands.
(a)
Forward
swap.
Schedule
of
Investments
International
Fund
I
January
31,
2024
(unaudited)
See
accompanying
notes.
138
INVESTMENT
COMPANIES
-
1
.06
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
1
.06
%
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(a),(b)
3,195,244
$
3,195
TOTAL
INVESTMENT
COMPANIES
$
3,195
COMMON
STOCKS
-
98
.61
%
Shares
Held
Value
(000's)
Advertising
-
1
.69
%
Publicis
Groupe
SA
51,000
$
5,110
Aerospace
&
Defense
-
1
.45
%
Airbus
SE
17,600
2,803
BAE
Systems
PLC
106,000
1,579
$
4,382
Agriculture
-
0
.35
%
ITC
Ltd
201,000
1,068
Apparel
-
1
.08
%
LVMH
Moet
Hennessy
Louis
Vuitton
SE
2,578
2,145
Makalot
Industrial
Co
Ltd
98,000
1,124
$
3,269
Automobile
Manufacturers
-
5
.65
%
Ashok
Leyland
Ltd
479,000
1,014
Bayerische
Motoren
Werke
AG
9,600
999
BYD
Co
Ltd
55,000
1,231
Hyundai
Motor
Co
6,000
873
Kia
Corp
48,500
3,725
Nissan
Motor
Co
Ltd
260,000
1,021
Stellantis
NV
112,000
2,467
Toyota
Motor
Corp
157,000
3,135
Volvo
AB
-
B
Shares
107,500
2,576
$
17,041
Banks
-
14
.89
%
Akbank
TAS
950,000
1,237
Banca
Mediolanum
SpA
135,000
1,382
Banco
Bilbao
Vizcaya
Argentaria
SA
520,000
4,867
Banco
do
Brasil
SA
332,000
3,789
Bangkok
Bank
PCL
205,942
813
Bank
Mandiri
Persero
Tbk
PT
7,638,000
3,216
Bank
Rakyat
Indonesia
Persero
Tbk
PT
4,400,000
1,585
BAWAG
Group
AG
(c),(d)
23,000
1,184
BPER
Banca
373,000
1,345
Canara
Bank
170,000
987
Computershare
Ltd
70,000
1,159
Grupo
Financiero
Banorte
SAB
de
CV
281,000
2,857
HSBC
Holdings
PLC
253,000
1,975
ICICI
Bank
Ltd
152,000
1,883
IndusInd
Bank
Ltd
130,000
2,400
Mitsubishi
UFJ
Financial
Group
Inc
518,000
4,852
OTP
Bank
Nyrt
19,000
880
Oversea-Chinese
Banking
Corp
Ltd
167,000
1,597
Sberbank
of
Russia
PJSC
ADR
(c)
194,243
—
State
Bank
of
India
244,000
1,885
Swedbank
AB
62,000
1,263
UBS
Group
AG
88,000
2,634
Union
Bank
of
India
Ltd
689,000
1,160
$
44,950
Beverages
-
0
.38
%
Jiangsu
King's
Luck
Brewery
JSC
Ltd
185,000
1,140
Biotechnology
-
0
.43
%
Telix
Pharmaceuticals
Ltd
(c)
174,000
1,297
Building
Materials
-
1
.09
%
James
Hardie
Industries
PLC
(c)
88,000
3,306
Coal
-
0
.34
%
Coal
India
Ltd
211,000
1,033
Commercial
Services
-
3
.05
%
Ashtead
Group
PLC
24,137
1,578
Recruit
Holdings
Co
Ltd
67,000
2,646
RELX
PLC
75,000
3,096
Wise
PLC
(c)
185,000
1,887
$
9,207
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Computers
-
2
.11
%
Asia
Vital
Components
Co
Ltd
93,000
$
1,263
CGI
Inc
(c)
19,200
2,150
SHIFT
Inc
(c)
5,900
1,064
Wiwynn
Corp
27,000
1,903
$
6,380
Cosmetics
&
Personal
Care
-
1
.47
%
L'Oreal
SA
9,300
4,451
Distribution
&
Wholesale
-
1
.01
%
Ferguson
PLC
16,300
3,048
Diversified
Financial
Services
-
1
.29
%
Azimut
Holding
SpA
43,000
1,199
CTBC
Financial
Holding
Co
Ltd
1,210,000
1,098
Deutsche
Boerse
AG
8,000
1,593
$
3,890
Electric
-
0
.63
%
Iberdrola
SA
158,000
1,902
Electrical
Components
&
Equipment
-
1
.52
%
Schneider
Electric
SE
17,000
3,340
Sieyuan
Electric
Co
Ltd
177,994
1,253
$
4,593
Electronics
-
0
.43
%
ABB
Ltd
31,000
1,312
Engineering
&
Construction
-
2
.21
%
Larsen
&
Toubro
Ltd
32,500
1,361
Technip
Energies
NV
74,000
1,532
Vinci
SA
20,000
2,526
WSP
Global
Inc
8,500
1,249
$
6,668
Food
-
2
.68
%
Bid
Corp
Ltd
84,000
2,033
BIM
Birlesik
Magazalar
AS
190,321
2,386
Glanbia
PLC
87,500
1,567
Magnit
PJSC
24,200
—
Nestle
SA
18,400
2,097
$
8,083
Food
Service
-
1
.17
%
Compass
Group
PLC
75,000
2,066
Sodexo
SA
13,000
1,466
$
3,532
Hand
&
Machine
Tools
-
0
.58
%
Schindler
Holding
AG
-
PC
7,000
1,744
Healthcare
-
Services
-
0
.27
%
Bumrungrad
Hospital
PCL
119,000
805
Home
Builders
-
0
.37
%
Sumitomo
Forestry
Co
Ltd
38,000
1,117
Home
Furnishings
-
0
.37
%
Anker
Innovations
Technology
Co
Ltd
116,000
1,106
Insurance
-
5
.85
%
BB
Seguridade
Participacoes
SA
496,000
3,444
Great-West
Lifeco
Inc
40,000
1,335
M&G
PLC
420,000
1,188
Porto
Seguro
SA
160,000
863
Sompo
Holdings
Inc
24,000
1,244
Steadfast
Group
Ltd
258,000
998
Sun
Life
Financial
Inc
23,000
1,192
Swiss
Life
Holding
AG
4,364
3,134
Tokio
Marine
Holdings
Inc
161,111
4,248
$
17,646
Internet
-
4
.62
%
Alibaba
Group
Holding
Ltd
ADR
14,500
1,047
CAR
Group
Ltd
76,500
1,643
PDD
Holdings
Inc
ADR
(c)
31,770
4,031
Perion
Network
Ltd
(c)
54,000
1,590
Tencent
Holdings
Ltd
56,000
1,944
Tencent
Music
Entertainment
Group
ADR
(c)
101,000
949
Trip.com
Group
Ltd
ADR
(c)
29,000
1,060
Schedule
of
Investments
International
Fund
I
January
31,
2024
(unaudited)
See
accompanying
notes.
139
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Internet
(continued)
Vipshop
Holdings
Ltd
ADR
(c)
106,000
$
1,684
$
13,948
Iron
&
Steel
-
1
.17
%
Evraz
PLC
(c)
204,000
—
Fortescue
Ltd
120,000
2,319
JFE
Holdings
Inc
77,000
1,216
$
3,535
Leisure
Products
&
Services
-
0
.69
%
Yamaha
Motor
Co
Ltd
219,000
2,070
Machinery
-
Construction
&
Mining
-
0
.23
%
HD
Hyundai
Electric
Co
Ltd
8,991
692
Machinery
-
Diversified
-
2
.67
%
Atlas
Copco
AB
-
A
Shares
234,000
3,735
IMI
PLC
152,000
3,224
Wartsila
OYJ
Abp
75,000
1,106
$
8,065
Media
-
0
.72
%
Informa
PLC
221,000
2,171
Mining
-
1
.71
%
BHP
Group
Ltd
87,000
2,662
Rio
Tinto
Ltd
29,000
2,495
$
5,157
Miscellaneous
Manufacturers
-
2
.08
%
Diploma
PLC
79,000
3,257
Elite
Material
Co
Ltd
97,000
1,425
Siemens
AG
9,000
1,611
$
6,293
Oil
&
Gas
-
4
.22
%
Eni
SpA
117,000
1,865
Gazprom
PJSC
(c)
288,000
—
Imperial
Oil
Ltd
24,000
1,385
LUKOIL
PJSC
20,000
—
Novatek
PJSC
67,000
—
PetroChina
Co
Ltd
1,739,000
1,258
PRIO
SA/Brazil
242,000
2,153
Shell
PLC
101,000
3,131
TotalEnergies
SE
45,500
2,952
$
12,744
Pharmaceuticals
-
5
.14
%
AstraZeneca
PLC
10,200
1,352
Chugai
Pharmaceutical
Co
Ltd
39,000
1,403
Novartis
AG
30,000
3,103
Novo
Nordisk
A/S
73,190
8,366
Roche
Holding
AG
4,500
1,281
$
15,505
Private
Equity
-
1
.26
%
3i
Group
PLC
122,000
3,819
Real
Estate
-
0
.84
%
Sekisui
House
Ltd
112,000
2,528
Retail
-
3
.88
%
Alimentation
Couche-Tard
Inc
51,000
2,989
Associated
British
Foods
PLC
31,000
918
Dollarama
Inc
20,000
1,468
Haidilao
International
Holding
Ltd
(d)
13,926
22
Industria
de
Diseno
Textil
SA
62,000
2,651
Next
PLC
11,600
1,238
Pandora
A/S
16,500
2,411
$
11,697
Semiconductors
-
9
.07
%
Advantest
Corp
48,600
1,934
Alchip
Technologies
Ltd
8,300
1,030
ASML
Holding
NV
4,800
4,165
Disco
Corp
5,600
1,511
Global
Unichip
Corp
24,000
1,178
Lasertec
Corp
4,500
1,172
Novatek
Microelectronics
Corp
141,000
2,297
Renesas
Electronics
Corp
68,000
1,116
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Semiconductors
(continued)
Rorze
Corp
15,100
$
1,677
Samsung
Electronics
Co
Ltd
66,700
3,624
Taiwan
Semiconductor
Manufacturing
Co
Ltd
382,854
7,664
$
27,368
Shipbuilding
-
0
.40
%
Yangzijiang
Shipbuilding
Holdings
Ltd
970,000
1,211
Software
-
4
.77
%
Capcom
Co
Ltd
47,000
1,793
Constellation
Software
Inc/Canada
500
1,382
Constellation
Software
Inc/Canada
-
Warrants
(c),(e)
500
—
Descartes
Systems
Group
Inc/The
(c)
33,300
2,916
NetEase
Inc
170,000
3,304
Oracle
Corp
Japan
23,000
1,813
Rakus
Co
Ltd
65,000
1,068
Sage
Group
PLC/The
142,000
2,114
$
14,390
Telecommunications
-
1
.52
%
Accton
Technology
Corp
126,000
2,119
Shenzhen
Transsion
Holdings
Co
Ltd
77,000
1,464
Xiaomi
Corp
(c),(d)
631,000
994
$
4,577
Toys,
Games
&
Hobbies
-
0
.41
%
Nintendo
Co
Ltd
22,000
1,229
Transportation
-
0
.85
%
Jiayou
International
Logistics
Co
Ltd
312,200
853
TFI
International
Inc
13,000
1,709
$
2,562
TOTAL
COMMON
STOCKS
$
297,641
PREFERRED
STOCKS
-
0
.93
%
Shares
Held
Value
(000's)
Oil
&
Gas
-
0
.93
%
Petroleo
Brasileiro
SA
0.97%
342,000
$
2,813
TOTAL
PREFERRED
STOCKS
$
2,813
Total
Investments
$
303,649
Other
Assets
and
Liabilities
- (0.60)%
(
1,816
)
TOTAL
NET
ASSETS
-
100.00%
$
301,833
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
1-day
yield
shown
is
as
of
period
end.
(c)
Non-income
producing
security
(d)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$2,200
or
0.73%
of
net
assets.
(e)
The
value
of
these
investments
was
determined
using
significant
unobservable
inputs,
in
good
faith
by
the
Manager,
under
procedures
established
and
periodically
reviewed
by
the
Board
of
Directors.
Schedule
of
Investments
International
Fund
I
January
31,
2024
(unaudited)
See
accompanying
notes.
140
Portfolio
Summary
Location
Percent
Japan
13
.22
%
United
Kingdom
12
.45
%
France
8
.73
%
Taiwan
6
.98
%
China
6
.80
%
Canada
5
.90
%
Switzerland
5
.07
%
Brazil
4
.33
%
India
4
.23
%
Australia
4
.16
%
Denmark
3
.57
%
Spain
3
.12
%
Ireland
2
.95
%
Korea,
Republic
Of
2
.95
%
Sweden
2
.51
%
Netherlands
2
.20
%
Italy
1
.93
%
Indonesia
1
.59
%
Germany
1
.39
%
Turkey
1
.20
%
United
States
1
.06
%
Mexico
0
.95
%
South
Africa
0
.67
%
Thailand
0
.54
%
Singapore
0
.53
%
Israel
0
.53
%
Austria
0
.39
%
Finland
0
.36
%
Hungary
0
.29
%
Russian
Federation
0
.00
%
Other
Assets
and
Liabilities
(
0
.60
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
937
$
33,623
$
31,365
$
3,195
$
937
$
33,623
$
31,365
$
3,195
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
20
$
—
$
—
$
—
$
20
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
LargeCap
Growth
Fund
I
January
31,
2024
(unaudited)
See
accompanying
notes.
141
INVESTMENT
COMPANIES
-
2
.38
%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0
.27
%
iShares
Russell
1000
Growth
ETF
85,700
$
26,615
Money
Market
Funds
-
2
.11
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
5.21%
(a),(b)
152,926
153
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(a),(c)
211,652,041
211,652
$
211,805
TOTAL
INVESTMENT
COMPANIES
$
238,420
CONVERTIBLE
PREFERRED
STOCKS
-
0
.09
%
Shares
Held
Value
(000's)
Automobile
Manufacturers
-
0
.03
%
Waymo
LLC
Series
A-2
0.00%
(d),(e),(f)
48,770
$
3,009
Chemicals
-
0
.02
%
Sila
Nano
Series
F
0.00%
(d),(e),(f)
103,620
2,101
Software
-
0
.04
%
Nuro
-
Series
C
0.00%
(d),(e),(f)
353,308
1,445
Rappi
Inc
-
Series
E
0.00%
(d),(e),(f)
103,387
2,349
$
3,794
TOTAL
CONVERTIBLE
PREFERRED
STOCKS
$
8,904
COMMON
STOCKS
-
98
.04
%
Shares
Held
Value
(000's)
Advertising
-
0
.01
%
Trade
Desk
Inc/The
(d)
19,248
$
1,317
Aerospace
&
Defense
-
0
.29
%
Boeing
Co/The
(d)
3,312
699
HEICO
Corp
1,761
316
HEICO
Corp
-
Class
A
3,186
451
Howmet
Aerospace
Inc
411,431
23,147
Lockheed
Martin
Corp
9,731
4,179
Northrop
Grumman
Corp
399
178
Spirit
AeroSystems
Holdings
Inc
(d)
775
21
TransDigm
Group
Inc
370
404
$
29,395
Airlines
-
0
.00
%
American
Airlines
Group
Inc
(d)
11,879
169
Delta
Air
Lines
Inc
1,757
69
$
238
Apparel
-
0
.04
%
Birkenstock
Holding
Plc
(d),(g)
455
21
Crocs
Inc
(d)
2,652
269
Deckers
Outdoor
Corp
(d)
1,128
851
NIKE
Inc
27,873
2,830
Skechers
USA
Inc
(d)
467
29
Tapestry
Inc
724
28
$
4,028
Automobile
Manufacturers
-
0
.35
%
Rivian
Automotive
Inc
(d)
828,822
12,689
Tesla
Inc
(d)
121,439
22,745
$
35,434
Automobile
Parts
&
Equipment
-
0
.06
%
Allison
Transmission
Holdings
Inc
428
26
Aurora
Innovation
Inc
(d)
1,843,951
5,513
$
5,539
Banks
-
0
.01
%
First
Citizens
BancShares
Inc/NC
51
77
NU
Holdings
Ltd/Cayman
Islands
(d)
70,366
606
$
683
Beverages
-
0
.37
%
Boston
Beer
Co
Inc/The
(d)
434
152
Brown-Forman
Corp
-
A
Shares
2,083
117
Brown-Forman
Corp
-
B
Shares
6,330
347
Celsius
Holdings
Inc
(d)
6,192
309
Coca-Cola
Co/The
85,016
5,058
Constellation
Brands
Inc
719
176
Monster
Beverage
Corp
(d)
436,019
23,990
PepsiCo
Inc
41,880
7,058
$
37,207
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Biotechnology
-
0
.43
%
Alnylam
Pharmaceuticals
Inc
(d)
4,352
$
753
Amgen
Inc
15,964
5,017
Apellis
Pharmaceuticals
Inc
(d)
4,338
275
Argenx
SE
ADR
(d)
14,200
5,403
BioMarin
Pharmaceutical
Inc
(d)
1,186
104
Certara
Inc
(d)
2,317
37
Exelixis
Inc
(d)
10,205
222
Illumina
Inc
(d)
2,002
286
Incyte
Corp
(d)
5,895
346
Ionis
Pharmaceuticals
Inc
(d)
5,369
276
Karuna
Therapeutics
Inc
(d)
1,377
432
Legend
Biotech
Corp
ADR
(d)
292,677
16,115
Maravai
LifeSciences
Holdings
Inc
(d)
4,565
27
Regeneron
Pharmaceuticals
Inc
(d)
283
267
Roivant
Sciences
Ltd
(d)
16,593
166
Sarepta
Therapeutics
Inc
(d)
3,854
459
Ultragenyx
Pharmaceutical
Inc
(d)
3,702
163
Vertex
Pharmaceuticals
Inc
(d)
30,483
13,210
$
43,558
Building
Materials
-
0
.02
%
Armstrong
World
Industries
Inc
689
68
Eagle
Materials
Inc
1,050
238
Trane
Technologies
PLC
2,936
740
Trex
Co
Inc
(d)
4,749
387
Vulcan
Materials
Co
1,261
285
$
1,718
Chemicals
-
0
.06
%
Axalta
Coating
Systems
Ltd
(d)
1,169
38
Ecolab
Inc
8,479
1,681
FMC
Corp
1,000
56
Linde
PLC
1,985
804
PPG
Industries
Inc
2,520
355
RPM
International
Inc
1,189
127
Sherwin-Williams
Co/The
8,693
2,646
Valvoline
Inc
(d)
1,945
71
$
5,778
Commercial
Services
-
5
.29
%
Affirm
Holdings
Inc
(d)
113,258
4,588
Automatic
Data
Processing
Inc
15,594
3,833
Avis
Budget
Group
Inc
371
61
Block
Inc
(d)
8,774
570
Booz
Allen
Hamilton
Holding
Corp
5,633
793
Bright
Horizons
Family
Solutions
Inc
(d)
352
35
Cintas
Corp
235,651
142,468
CoStar
Group
Inc
(d)
1,446,444
120,749
Equifax
Inc
3,683
900
Euronet
Worldwide
Inc
(d)
1,165
116
FleetCor
Technologies
Inc
(d)
2,890
838
FTI
Consulting
Inc
(d)
334
64
Gartner
Inc
(d)
3,352
1,533
Global
Payments
Inc
411,724
54,854
Grand
Canyon
Education
Inc
(d)
448
58
H&R
Block
Inc
4,396
206
MarketAxess
Holdings
Inc
1,603
361
Moody's
Corp
6,345
2,487
Morningstar
Inc
1,109
310
Paylocity
Holding
Corp
(d)
199,312
31,573
PayPal
Holdings
Inc
(d)
43,766
2,685
Quanta
Services
Inc
1,642
319
RB
Global
Inc
6,024
385
Rollins
Inc
11,122
482
S&P
Global
Inc
350,197
157,011
Service
Corp
International/US
2,486
167
Shift4
Payments
Inc
(d)
2,493
179
Toast
Inc
(d)
15,401
274
U-Haul
Holding
Co
1,901
121
U-Haul
Holding
Co
(d)
163
11
United
Rentals
Inc
586
366
Verisk
Analytics
Inc
6,221
1,503
Schedule
of
Investments
LargeCap
Growth
Fund
I
January
31,
2024
(unaudited)
See
accompanying
notes.
142
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Commercial
Services
(continued)
WEX
Inc
(d)
931
$
190
WillScot
Mobile
Mini
Holdings
Corp
(d)
2,591
123
$
530,213
Computers
-
5
.10
%
Accenture
PLC
-
Class
A
27,790
10,112
Apple
Inc
2,671,978
492,713
Crowdstrike
Holdings
Inc
(d)
9,366
2,739
EPAM
Systems
Inc
(d)
2,419
673
Fortinet
Inc
(d)
28,879
1,862
Genpact
Ltd
2,363
85
Globant
SA
(d)
1,792
423
HP
Inc
8,209
236
KBR
Inc
2,403
125
NetApp
Inc
3,640
317
Pure
Storage
Inc
(d)
9,568
383
Zscaler
Inc
(d)
3,866
911
$
510,579
Consumer
Products
-
0
.04
%
Avery
Dennison
Corp
1,190
238
Church
&
Dwight
Co
Inc
9,526
951
Clorox
Co/The
5,420
787
Kimberly-Clark
Corp
13,930
1,685
$
3,661
Cosmetics
&
Personal
Care
-
0
.04
%
Estee
Lauder
Cos
Inc/The
3,113
411
Kenvue
Inc
25,681
533
Procter
&
Gamble
Co/The
19,457
3,058
$
4,002
Distribution
&
Wholesale
-
0
.06
%
Copart
Inc
(d)
37,728
1,813
Fastenal
Co
18,678
1,274
Ferguson
PLC
595
112
Pool
Corp
1,646
611
SiteOne
Landscape
Supply
Inc
(d)
707
109
Watsco
Inc
404
158
WW
Grainger
Inc
1,919
1,719
$
5,796
Diversified
Financial
Services
-
5
.21
%
American
Express
Co
8,354
1,677
Ameriprise
Financial
Inc
4,494
1,738
Apollo
Global
Management
Inc
22,928
2,302
Ares
Management
Corp
7,157
870
Blue
Owl
Capital
Inc
3,636
57
Charles
Schwab
Corp/The
452,629
28,479
Houlihan
Lokey
Inc
185
22
LPL
Financial
Holdings
Inc
3,293
788
Mastercard
Inc
730,696
328,250
Rocket
Cos
Inc
(d)
2,262
28
SLM
Corp
4,745
94
TPG
Inc
919
38
Tradeweb
Markets
Inc
243,700
23,246
UWM
Holdings
Corp
(g)
1,783
12
Visa
Inc
493,163
134,762
Western
Union
Co/The
2,642
33
XP
Inc
1,323
33
$
522,429
Electric
-
0
.01
%
AES
Corp/The
17,831
297
Vistra
Corp
4,922
202
$
499
Electrical
Components
&
Equipment
-
0
.83
%
ChargePoint
Holdings
Inc
(d),(g)
16,587
32
Generac
Holdings
Inc
(d)
733,675
83,397
Universal
Display
Corp
1,008
171
$
83,600
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Electronics
-
0
.78
%
Allegion
plc
3,492
$
433
Amphenol
Corp
742,929
75,110
Honeywell
International
Inc
3,761
761
Hubbell
Inc
1,049
352
Jabil
Inc
3,474
435
Keysight
Technologies
Inc
(d)
1,929
296
Mettler-Toledo
International
Inc
(d)
938
1,123
Vontier
Corp
2,819
97
$
78,607
Energy
-
Alternate
Sources
-
0
.01
%
Enphase
Energy
Inc
(d)
5,767
601
Engineering
&
Construction
-
0
.00
%
EMCOR
Group
Inc
764
174
TopBuild
Corp
(d)
102
38
$
212
Entertainment
-
0
.02
%
Caesars
Entertainment
Inc
(d)
4,153
182
Churchill
Downs
Inc
3,051
369
DraftKings
Inc
(d)
18,246
713
Live
Nation
Entertainment
Inc
(d)
1,817
161
TKO
Group
Holdings
Inc
2,817
236
Vail
Resorts
Inc
203
45
$
1,706
Environmental
Control
-
0
.81
%
Tetra
Tech
Inc
518
82
Veralto
Corp
1,016,180
77,931
Waste
Management
Inc
16,066
2,982
$
80,995
Food
-
0
.04
%
Albertsons
Cos
Inc
1,768
37
Hershey
Co/The
4,868
942
Lamb
Weston
Holdings
Inc
6,008
615
Performance
Food
Group
Co
(d)
3,351
244
Sysco
Corp
22,310
1,806
$
3,644
Hand
&
Machine
Tools
-
0
.01
%
Lincoln
Electric
Holdings
Inc
2,269
504
MSA
Safety
Inc
338
56
$
560
Healthcare
-
Products
-
7
.70
%
10X
Genomics
Inc
(d)
4,274
178
Abbott
Laboratories
4,720
534
Agilent
Technologies
Inc
10,461
1,361
Align
Technology
Inc
(d)
408,884
109,303
Bio-Techne
Corp
6,427
452
Bruker
Corp
4,587
328
Danaher
Corp
61,807
14,828
Edwards
Lifesciences
Corp
(d)
1,192,754
93,596
Exact
Sciences
Corp
(d)
2,883
188
GE
HealthCare
Technologies
Inc
1,590
117
Globus
Medical
Inc
(d)
1,806
95
IDEXX
Laboratories
Inc
(d)
3,599
1,854
Inspire
Medical
Systems
Inc
(d)
1,333
281
Insulet
Corp
(d)
3,028
578
Intuitive
Surgical
Inc
(d)
799,571
302,414
Masimo
Corp
(d)
1,986
256
Natera
Inc
(d)
4,764
314
Novocure
Ltd
(d)
5,179
72
Penumbra
Inc
(d)
56,623
14,280
Repligen
Corp
(d)
1,080
204
ResMed
Inc
6,367
1,211
Shockwave
Medical
Inc
(d)
1,574
356
Stryker
Corp
299,306
100,411
Tandem
Diabetes
Care
Inc
(d)
628
14
Thermo
Fisher
Scientific
Inc
234,318
126,293
Waters
Corp
(d)
2,550
810
West
Pharmaceutical
Services
Inc
3,232
1,206
$
771,534
Schedule
of
Investments
LargeCap
Growth
Fund
I
January
31,
2024
(unaudited)
See
accompanying
notes.
143
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Healthcare
-
Services
-
2
.12
%
agilon
health
Inc
(d)
12,773
$
75
Chemed
Corp
442
262
DaVita
Inc
(d)
2,373
257
Elevance
Health
Inc
1,364
673
Encompass
Health
Corp
332
23
Ginkgo
Bioworks
Holdings
Inc
(d),(g)
12,081
15
HCA
Healthcare
Inc
1,792
546
Humana
Inc
61,164
23,124
ICON
PLC
(d)
603
157
IQVIA
Holdings
Inc
(d)
7,399
1,541
Medpace
Holdings
Inc
(d)
998
291
Molina
Healthcare
Inc
(d)
1,357
484
Sotera
Health
Co
(d)
3,426
50
UnitedHealth
Group
Inc
361,365
184,925
$
212,423
Home
Builders
-
0
.00
%
NVR
Inc
(d)
8
57
Home
Furnishings
-
0
.00
%
Tempur
Sealy
International
Inc
1,817
91
Housewares
-
0
.00
%
Scotts
Miracle-Gro
Co/The
2,025
114
Insurance
-
1
.50
%
Arch
Capital
Group
Ltd
(d)
2,220
183
Arthur
J
Gallagher
&
Co
583
135
Brighthouse
Financial
Inc
(d)
358
18
Brown
&
Brown
Inc
3,988
309
Equitable
Holdings
Inc
15,181
496
Everest
Group
Ltd
312
120
Kinsale
Capital
Group
Inc
935
372
Lincoln
National
Corp
1,005
28
Marsh
&
McLennan
Cos
Inc
17,425
3,378
Primerica
Inc
1,069
250
Progressive
Corp/The
812,661
144,857
RenaissanceRe
Holdings
Ltd
654
150
RLI
Corp
480
65
Ryan
Specialty
Holdings
Inc
(d)
4,171
181
Willis
Towers
Watson
PLC
665
164
$
150,706
Internet
-
18
.55
%
Airbnb
Inc
(d)
17,814
2,568
Alphabet
Inc
-
A
Shares
(d)
2,435,412
341,201
Alphabet
Inc
-
C
Shares
(d)
1,462,703
207,411
Amazon.com
Inc
(d)
3,766,147
584,506
Booking
Holdings
Inc
(d)
20,396
71,539
CDW
Corp/DE
5,580
1,265
Chewy
Inc
(d)
2,044,079
36,425
Coupang
Inc
(d)
1,894,866
26,528
DoorDash
Inc
-
Class
A
(d)
10,512
1,095
eBay
Inc
1,779
73
Etsy
Inc
(d)
3,203
213
Expedia
Group
Inc
(d)
4,406
654
Gen
Digital
Inc
4,629
109
GoDaddy
Inc
(d)
3,891
415
Lyft
Inc
(d)
15,957
199
Maplebear
Inc
(d),(g)
776
19
Match
Group
Inc
(d)
1,755,778
67,387
Meta
Platforms
Inc
594,660
232,001
Netflix
Inc
(d)
126,230
71,207
Okta
Inc
(d)
483
40
Palo
Alto
Networks
Inc
(d)
13,240
4,482
Pinterest
Inc
(d)
25,920
971
Roku
Inc
(d)
822
72
Snap
Inc
Class
A
(d)
1,082,413
17,200
Spotify
Technology
SA
(d)
170,652
36,749
Uber
Technologies
Inc
(d)
2,370,197
154,703
VeriSign
Inc
(d)
255
51
Wayfair
Inc
(d)
1,544
78
$
1,859,161
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Leisure
Products
&
Services
-
0
.09
%
Brunswick
Corp/DE
275
$
22
Norwegian
Cruise
Line
Holdings
Ltd
(d)
5,455
97
Peloton
Interactive
Inc
(d)
1,462,383
8,131
Planet
Fitness
Inc
(d)
1,994
135
Polaris
Inc
235
21
Royal
Caribbean
Cruises
Ltd
(d)
3,025
386
YETI
Holdings
Inc
(d)
4,018
177
$
8,969
Lodging
-
0
.68
%
Choice
Hotels
International
Inc
1,313
159
Hilton
Worldwide
Holdings
Inc
338,520
64,644
Las
Vegas
Sands
Corp
15,029
735
Marriott
International
Inc/MD
10,701
2,565
Travel
+
Leisure
Co
1,712
69
Wyndham
Hotels
&
Resorts
Inc
285
22
Wynn
Resorts
Ltd
313
30
$
68,224
Machinery
-
Construction
&
Mining
-
0
.05
%
BWX
Technologies
Inc
840
69
Caterpillar
Inc
16,824
5,052
Vertiv
Holdings
Co
1,345
76
$
5,197
Machinery
-
Diversified
-
1
.22
%
Deere
&
Co
10,890
4,286
Graco
Inc
2,983
254
IDEX
Corp
259,399
54,863
Ingersoll
Rand
Inc
766,077
61,179
Otis
Worldwide
Corp
1,310
116
Rockwell
Automation
Inc
5,030
1,274
Toro
Co/The
4,495
416
Xylem
Inc/NY
1,391
156
$
122,544
Media
-
0
.03
%
Cable
One
Inc
31
17
Charter
Communications
Inc
(d)
4,433
1,643
FactSet
Research
Systems
Inc
1,664
792
Liberty
Broadband
Corp
-
A
Shares
(d)
187
15
Liberty
Broadband
Corp
-
C
Shares
(d)
1,294
101
Nexstar
Media
Group
Inc
617
110
$
2,678
Metal
Fabrication
&
Hardware
-
0
.00
%
Advanced
Drainage
Systems
Inc
2,931
382
Valmont
Industries
Inc
75
17
$
399
Mining
-
0
.00
%
Southern
Copper
Corp
3,673
302
Miscellaneous
Manufacturers
-
0
.04
%
A
O
Smith
Corp
697
54
Axon
Enterprise
Inc
(d)
3,069
765
Donaldson
Co
Inc
2,589
167
Illinois
Tool
Works
Inc
10,718
2,796
$
3,782
Office
&
Business
Equipment
-
0
.00
%
Zebra
Technologies
Corp
(d)
452
108
Oil
&
Gas
-
0
.02
%
APA
Corp
11,969
375
Hess
Corp
6,802
956
Ovintiv
Inc
5,261
223
Texas
Pacific
Land
Corp
254
371
$
1,925
Oil
&
Gas
Services
-
0
.35
%
Halliburton
Co
7,845
280
Schlumberger
NV
715,737
34,856
$
35,136
Schedule
of
Investments
LargeCap
Growth
Fund
I
January
31,
2024
(unaudited)
See
accompanying
notes.
144
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Packaging
&
Containers
-
0
.00
%
Ardagh
Metal
Packaging
SA
7,133
$
26
Graphic
Packaging
Holding
Co
7,582
193
Sealed
Air
Corp
3,922
136
$
355
Pharmaceuticals
-
4
.48
%
AbbVie
Inc
77,657
12,767
Becton
Dickinson
&
Co
197,822
47,242
Cardinal
Health
Inc
5,534
604
Cencora
Inc
7,085
1,648
Cigna
Group/The
391,667
117,872
Dexcom
Inc
(d)
16,991
2,062
Eli
Lilly
&
Co
191,737
123,787
Jazz
Pharmaceuticals
PLC
(d)
1,391
171
McKesson
Corp
2,254
1,127
Merck
&
Co
Inc
20,548
2,482
Neurocrine
Biosciences
Inc
(d)
4,171
583
Zoetis
Inc
738,443
138,687
$
449,032
Pipelines
-
0
.03
%
Antero
Midstream
Corp
6,062
74
Cheniere
Energy
Inc
10,564
1,732
New
Fortress
Energy
Inc
3,180
106
ONEOK
Inc
1,580
108
Targa
Resources
Corp
9,732
827
$
2,847
Private
Equity
-
0
.05
%
Blackstone
Inc
31,340
3,900
KKR
&
Co
Inc
7,155
620
$
4,520
REITs
-
1
.41
%
American
Tower
Corp
20,466
4,004
Crown
Castle
Inc
2,133
231
Equinix
Inc
2,038
1,691
Equity
LifeStyle
Properties
Inc
2,702
183
Iron
Mountain
Inc
6,219
420
Lamar
Advertising
Co
2,899
303
Public
Storage
3,980
1,127
SBA
Communications
Corp
594,416
133,066
Simon
Property
Group
Inc
3,038
421
Sun
Communities
Inc
1,366
171
UDR
Inc
907
33
$
141,650
Retail
-
5
.15
%
AutoZone
Inc
(d)
641
1,770
Best
Buy
Co
Inc
1,433
104
BJ's
Wholesale
Club
Holdings
Inc
(d)
2,371
153
Burlington
Stores
Inc
(d)
2,821
539
CarMax
Inc
(d)
437
31
Casey's
General
Stores
Inc
290
79
Cava
Group
Inc
(d)
799
37
Chipotle
Mexican
Grill
Inc
(d)
17,860
43,020
Costco
Wholesale
Corp
294,869
204,899
Darden
Restaurants
Inc
2,409
392
Dick's
Sporting
Goods
Inc
220
33
Dollar
General
Corp
184,537
24,371
Domino's
Pizza
Inc
1,517
647
Five
Below
Inc
(d)
2,389
429
Floor
&
Decor
Holdings
Inc
(d)
4,494
452
Freshpet
Inc
(d)
641
55
Home
Depot
Inc/The
44,007
15,533
Lowe's
Cos
Inc
18,613
3,962
Lululemon
Athletica
Inc
(d)
283,573
128,691
McDonald's
Corp
13,233
3,874
Murphy
USA
Inc
791
279
Ollie's
Bargain
Outlet
Holdings
Inc
(d)
1,063
76
O'Reilly
Automotive
Inc
(d)
2,187
2,237
RH
(d)
138
35
Ross
Stores
Inc
483,305
67,798
Starbucks
Corp
49,638
4,618
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Retail
(continued)
Target
Corp
20,220
$
2,812
Texas
Roadhouse
Inc
2,865
360
TJX
Cos
Inc/The
50,672
4,809
Tractor
Supply
Co
4,791
1,076
Ulta
Beauty
Inc
(d)
2,131
1,070
Victoria's
Secret
&
Co
(d)
1,832
48
Wendy's
Co/The
8,257
157
Williams-Sonoma
Inc
444
86
Wingstop
Inc
1,280
360
Yum!
Brands
Inc
10,810
1,400
$
516,292
Semiconductors
-
7
.98
%
Advanced
Micro
Devices
Inc
(d)
260,009
43,601
Allegro
MicroSystems
Inc
(d)
3,700
96
Applied
Materials
Inc
31,060
5,103
ASML
Holding
NV
-
NY
Reg
Shares
77,855
67,720
Broadcom
Inc
18,963
22,376
Entegris
Inc
420
49
KLA
Corp
6,013
3,572
Lam
Research
Corp
5,466
4,510
Lattice
Semiconductor
Corp
(d)
5,902
359
Microchip
Technology
Inc
16,853
1,436
Monolithic
Power
Systems
Inc
1,997
1,204
NVIDIA
Corp
912,611
561,503
NXP
Semiconductors
NV
374,162
78,787
QUALCOMM
Inc
42,798
6,356
Teradyne
Inc
5,654
546
Texas
Instruments
Inc
16,278
2,606
$
799,824
Software
-
26
.17
%
Adobe
Inc
(d)
394,127
243,484
Alteryx
Inc
(d)
3,006
143
ANSYS
Inc
(d)
3,124
1,024
AppLovin
Corp
(d)
2,893
119
Atlassian
Corp
(d)
745,413
186,182
Autodesk
Inc
(d)
564,395
143,249
Bentley
Systems
Inc
7,737
390
Broadridge
Financial
Solutions
Inc
4,259
870
Cadence
Design
Systems
Inc
(d)
136,166
39,278
Cloudflare
Inc
(d)
12,759
1,009
Confluent
Inc
(d)
8,525
191
Datadog
Inc
(d)
11,993
1,492
Dayforce
Inc
(d),(g)
683
47
DocuSign
Inc
(d)
8,796
536
DoubleVerify
Holdings
Inc
(d)
6,403
256
Doximity
Inc
(d)
2,578
69
Dropbox
Inc
-
A
Shares
(d)
10,013
317
Dynatrace
Inc
(d)
634,065
36,142
Elastic
NV
(d)
3,461
405
Fair
Isaac
Corp
(d)
29,430
35,282
Fiserv
Inc
(d)
985,405
139,799
Five9
Inc
(d)
3,308
251
Gitlab
Inc
(d)
3,834
273
HashiCorp
Inc
(d)
3,563
78
HubSpot
Inc
(d)
1,984
1,212
Informatica
Inc
(d)
469
14
Intuit
Inc
599,138
378,254
Jack
Henry
&
Associates
Inc
1,102
183
Magic
Leap
Inc
(d),(e),(f)
10,706
51
Manhattan
Associates
Inc
(d)
2,689
652
Microsoft
Corp
2,419,621
961,993
MongoDB
Inc
(d)
28,470
11,403
MSCI
Inc
1,670
1,000
nCino
Inc
(d)
307
10
Nutanix
Inc
(d)
2,740
154
Oracle
Corp
27,886
3,115
Palantir
Technologies
Inc
(d)
83,747
1,347
Paychex
Inc
14,152
1,723
Paycom
Software
Inc
2,251
428
Schedule
of
Investments
LargeCap
Growth
Fund
I
January
31,
2024
(unaudited)
See
accompanying
notes.
145
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Software
(continued)
Paycor
HCM
Inc
(d)
1,817
$
35
Pegasystems
Inc
2,069
101
Playtika
Holding
Corp
(d)
1,438
10
Procore
Technologies
Inc
(d)
3,589
256
PTC
Inc
(d)
2,570
464
RingCentral
Inc
(d)
4,208
143
ROBLOX
Corp
(d)
20,396
792
Salesforce
Inc
(d)
132,537
37,254
SentinelOne
Inc
(d)
1,814
49
ServiceNow
Inc
(d)
381,112
291,703
Smartsheet
Inc
(d)
5,604
252
Snowflake
Inc
-
Class
A
(d)
13,808
2,701
Splunk
Inc
(d)
6,815
1,045
Stripe
Inc
-
Class
B
(d),(e),(f)
114,126
2,550
Synopsys
Inc
(d)
6,660
3,552
Teradata
Corp
(d)
4,648
215
Twilio
Inc
(d)
1,499
105
Tyler
Technologies
Inc
(d)
1,359
575
UiPath
Inc
(d)
12,798
294
Unity
Software
Inc
(d)
5,047
164
Veeva
Systems
Inc
(d)
408,972
84,825
Workday
Inc
(d)
8,806
2,563
ZoomInfo
Technologies
Inc
(d)
7,671
123
$
2,622,196
Telecommunications
-
0
.46
%
Arista
Networks
Inc
(d)
11,008
2,848
Iridium
Communications
Inc
5,344
194
Motorola
Solutions
Inc
6,662
2,128
T-Mobile
US
Inc
250,507
40,389
Ubiquiti
Inc
174
22
$
45,581
Transportation
-
0
.07
%
CH
Robinson
Worldwide
Inc
3,859
325
CSX
Corp
9,714
347
Expeditors
International
of
Washington
Inc
1,005
127
JB
Hunt
Transport
Services
Inc
798
160
Landstar
System
Inc
1,215
233
Old
Dominion
Freight
Line
Inc
4,016
1,570
Saia
Inc
(d)
158
71
Union
Pacific
Corp
11,458
2,795
United
Parcel
Service
Inc
8,810
1,250
$
6,878
TOTAL
COMMON
STOCKS
$
9,824,524
Total
Investments
$
10,071,848
Other
Assets
and
Liabilities
- (0.51)%
(
51,106
)
TOTAL
NET
ASSETS
-
100.00%
$
10,020,742
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$153
or
0.00%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
The
value
of
these
investments
was
determined
using
significant
unobservable
inputs,
in
good
faith
by
the
Manager,
under
procedures
established
and
periodically
reviewed
by
the
Board
of
Directors.
(f)
Restricted
Security.
Please
see
Restricted
Securities
sub-schedule
for
additional
information.
(g)
Security
or
a
portion
of
the
security
was
on
loan. At
the
end
of
the
period,
the
value
of
these
securities
totaled
$144
or
0.00%
of
net
assets.
Portfolio
Summary
Sector
Percent
Technology
39
.29
%
Consumer,
Non-cyclical
20
.51
%
Communications
19
.05
%
Financial
8
.18
%
Consumer,
Cyclical
6
.48
%
Industrial
4
.12
%
Money
Market
Funds
2
.11
%
Energy
0
.41
%
Exchange-Traded
Funds
0
.27
%
Basic
Materials
0
.08
%
Utilities
0
.01
%
Other
Assets
and
Liabilities
(
0
.51
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
271,630
$
846,368
$
906,346
$
211,652
$
271,630
$
846,368
$
906,346
$
211,652
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
3,425
$
—
$
—
$
—
$
3,425
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
LargeCap
Growth
Fund
I
January
31,
2024
(unaudited)
See
accompanying
notes.
146
Restricted
Securities
Security
Name
Acquisition
Date
Cost
Value
Percent
of
Net
Assets
Magic
Leap
Inc
01/20/2016-10/12/2017
$
5,204
$
51
0.00%
Nuro
-
Series
C
0.00%
10/30/2020
4,612
1,445
0.02%
Rappi
Inc
-
Series
E
0.00%
09/08/2020
6,177
2,349
0.02%
Sila
Nano
Series
F
0.00%
01/07/2021
4,277
2,101
0.02%
Stripe
Inc
-
Class
B
12/17/2019
1,791
2,550
0.03%
Waymo
LLC
Series
A-2
0.00%
05/08/2020
4,188
3,009
0.03%
Total
$
11,505
0.12%
Amounts
in
thousands.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
S&P
500
Emini;
March
2024
Long
235
$
57,228
$
(
534
)
Total
$
(
534
)
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
LargeCap
S&P
500
Index
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
147
INVESTMENT
COMPANIES
-
2
.44
%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0
.33
%
iShares
Core
S&P
500
ETF
47,300
$
22,950
Money
Market
Funds
-
2
.11
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
5.21%
(a),(b)
129,512
129
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(a),(c)
149,443,107
149,443
$
149,572
TOTAL
INVESTMENT
COMPANIES
$
172,522
COMMON
STOCKS
-
97
.44
%
Shares
Held
Value
(000's)
Advertising
-
0
.07
%
Interpublic
Group
of
Cos
Inc/The
64,967
$
2,143
Omnicom
Group
Inc
33,573
3,035
$
5,178
Aerospace
&
Defense
-
1
.42
%
Boeing
Co/The
(d)
96,459
20,357
General
Dynamics
Corp
38,421
10,181
Howmet
Aerospace
Inc
66,350
3,733
L3Harris
Technologies
Inc
32,149
6,700
Lockheed
Martin
Corp
37,455
16,084
Northrop
Grumman
Corp
24,044
10,742
RTX
Corp
243,900
22,224
TransDigm
Group
Inc
9,381
10,250
$
100,271
Agriculture
-
0
.61
%
Altria
Group
Inc
300,002
12,036
Archer-Daniels-Midland
Co
90,473
5,029
Bunge
Global
SA
24,645
2,171
Philip
Morris
International
Inc
263,323
23,923
$
43,159
Airlines
-
0
.16
%
American
Airlines
Group
Inc
(d)
110,855
1,578
Delta
Air
Lines
Inc
109,146
4,272
Southwest
Airlines
Co
101,115
3,022
United
Airlines
Holdings
Inc
(d)
55,633
2,302
$
11,174
Apparel
-
0
.35
%
NIKE
Inc
207,620
21,079
Ralph
Lauren
Corp
6,743
969
Tapestry
Inc
38,876
1,508
VF
Corp
56,069
923
$
24,479
Automobile
Manufacturers
-
1
.69
%
Cummins
Inc
24,044
5,754
Ford
Motor
Co
666,971
7,817
General
Motors
Co
232,295
9,013
PACCAR
Inc
88,726
8,907
Tesla
Inc
(d)
469,115
87,861
$
119,352
Automobile
Parts
&
Equipment
-
0
.07
%
Aptiv
PLC
(d)
47,979
3,902
BorgWarner
Inc
39,870
1,352
$
5,254
Banks
-
3
.94
%
Bank
of
America
Corp
1,167,838
39,718
Bank
of
New
York
Mellon
Corp/The
130,452
7,235
Citigroup
Inc
324,637
18,235
Citizens
Financial
Group
Inc
79,082
2,586
Comerica
Inc
22,369
1,176
Fifth
Third
Bancorp
115,516
3,955
Goldman
Sachs
Group
Inc/The
55,316
21,242
Huntington
Bancshares
Inc/OH
245,626
3,127
JPMorgan
Chase
&
Co
490,379
85,502
KeyCorp
158,810
2,307
M&T
Bank
Corp
28,151
3,888
Morgan
Stanley
214,370
18,702
Northern
Trust
Corp
35,118
2,797
PNC
Financial
Services
Group
Inc/The
67,568
10,217
Regions
Financial
Corp
157,761
2,945
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Banks
(continued)
State
Street
Corp
52,343
$
3,867
Truist
Financial
Corp
226,218
8,384
US
Bancorp
264,102
10,971
Wells
Fargo
&
Co
616,006
30,911
Zions
Bancorp
NA
25,130
1,053
$
278,818
Beverages
-
1
.43
%
Brown-Forman
Corp
-
B
Shares
31,037
1,704
Coca-Cola
Co/The
660,012
39,264
Constellation
Brands
Inc
27,413
6,718
Keurig
Dr
Pepper
Inc
170,777
5,369
Molson
Coors
Beverage
Co
31,409
1,941
Monster
Beverage
Corp
(d)
125,303
6,894
PepsiCo
Inc
233,208
39,303
$
101,193
Biotechnology
-
1
.48
%
Amgen
Inc
90,778
28,528
Biogen
Inc
(d)
24,577
6,062
Bio-Rad
Laboratories
Inc
(d)
3,549
1,139
Corteva
Inc
119,539
5,437
Gilead
Sciences
Inc
211,356
16,541
Illumina
Inc
(d)
26,935
3,852
Incyte
Corp
(d)
31,552
1,854
Moderna
Inc
(d)
56,265
5,685
Regeneron
Pharmaceuticals
Inc
(d)
18,170
17,130
Vertex
Pharmaceuticals
Inc
(d)
43,709
18,943
$
105,171
Building
Materials
-
0
.58
%
Builders
FirstSource
Inc
(d)
20,930
3,636
Carrier
Global
Corp
142,320
7,786
Johnson
Controls
International
plc
115,398
6,080
Martin
Marietta
Materials
Inc
10,484
5,330
Masco
Corp
38,081
2,563
Mohawk
Industries
Inc
(d)
8,966
935
Trane
Technologies
PLC
38,742
9,765
Vulcan
Materials
Co
22,539
5,094
$
41,189
Chemicals
-
1
.41
%
Air
Products
and
Chemicals
Inc
37,681
9,635
Albemarle
Corp
19,905
2,284
Celanese
Corp
16,988
2,485
CF
Industries
Holdings
Inc
32,408
2,447
Dow
Inc
118,973
6,377
DuPont
de
Nemours
Inc
72,945
4,508
Eastman
Chemical
Co
20,112
1,680
Ecolab
Inc
43,046
8,533
FMC
Corp
21,162
1,189
International
Flavors
&
Fragrances
Inc
43,302
3,494
Linde
PLC
82,249
33,297
LyondellBasell
Industries
NV
43,466
4,091
Mosaic
Co/The
55,439
1,703
PPG
Industries
Inc
39,996
5,641
Sherwin-Williams
Co/The
39,945
12,158
$
99,522
Commercial
Services
-
1
.72
%
Automatic
Data
Processing
Inc
69,766
17,147
Cintas
Corp
14,685
8,878
CoStar
Group
Inc
(d)
69,268
5,783
Equifax
Inc
20,899
5,107
FleetCor
Technologies
Inc
(d)
12,248
3,551
Gartner
Inc
(d)
13,222
6,048
Global
Payments
Inc
44,166
5,884
MarketAxess
Holdings
Inc
6,428
1,450
Moody's
Corp
26,696
10,466
PayPal
Holdings
Inc
(d)
182,876
11,219
Quanta
Services
Inc
24,644
4,782
Robert
Half
Inc
17,963
1,429
Rollins
Inc
47,619
2,062
S&P
Global
Inc
54,958
24,640
Schedule
of
Investments
LargeCap
S&P
500
Index
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
148
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Commercial
Services
(continued)
United
Rentals
Inc
11,498
$
7,191
Verisk
Analytics
Inc
24,600
5,942
$
121,579
Computers
-
7
.91
%
Accenture
PLC
-
Class
A
106,457
38,738
Apple
Inc
2,479,800
457,275
Cognizant
Technology
Solutions
Corp
85,052
6,559
EPAM
Systems
Inc
(d)
9,788
2,722
Fortinet
Inc
(d)
108,112
6,972
Hewlett
Packard
Enterprise
Co
217,602
3,327
HP
Inc
147,515
4,235
International
Business
Machines
Corp
154,884
28,446
Leidos
Holdings
Inc
23,323
2,577
NetApp
Inc
35,416
3,088
Seagate
Technology
Holdings
PLC
32,997
2,827
Western
Digital
Corp
(d)
54,997
3,149
$
559,915
Consumer
Products
-
0
.24
%
Avery
Dennison
Corp
13,659
2,724
Church
&
Dwight
Co
Inc
41,790
4,173
Clorox
Co/The
21,032
3,055
Kimberly-Clark
Corp
57,323
6,934
$
16,886
Cosmetics
&
Personal
Care
-
1
.21
%
Colgate-Palmolive
Co
139,663
11,760
Estee
Lauder
Cos
Inc/The
39,403
5,201
Kenvue
Inc
292,343
6,069
Procter
&
Gamble
Co/The
399,780
62,821
$
85,851
Distribution
&
Wholesale
-
0
.35
%
Copart
Inc
(d)
148,209
7,120
Fastenal
Co
96,925
6,613
LKQ
Corp
45,391
2,118
Pool
Corp
6,561
2,436
WW
Grainger
Inc
7,493
6,711
$
24,998
Diversified
Financial
Services
-
3
.60
%
American
Express
Co
97,653
19,603
Ameriprise
Financial
Inc
17,165
6,640
BlackRock
Inc
23,720
18,367
Capital
One
Financial
Corp
64,601
8,742
Cboe
Global
Markets
Inc
17,905
3,292
Charles
Schwab
Corp/The
252,434
15,883
CME
Group
Inc
61,063
12,569
Discover
Financial
Services
42,416
4,476
Franklin
Resources
Inc
47,819
1,273
Intercontinental
Exchange
Inc
97,086
12,362
Invesco
Ltd
76,253
1,207
Mastercard
Inc
140,463
63,100
Nasdaq
Inc
57,740
3,336
Raymond
James
Financial
Inc
31,876
3,512
Synchrony
Financial
70,191
2,728
T
Rowe
Price
Group
Inc
37,906
4,111
Visa
Inc
270,378
73,883
$
255,084
Electric
-
2
.05
%
AES
Corp/The
113,584
1,895
Alliant
Energy
Corp
43,283
2,106
Ameren
Corp
44,601
3,103
American
Electric
Power
Co
Inc
89,199
6,970
CenterPoint
Energy
Inc
107,070
2,992
CMS
Energy
Corp
49,490
2,829
Consolidated
Edison
Inc
58,558
5,323
Constellation
Energy
Corp
54,175
6,609
Dominion
Energy
Inc
141,940
6,489
DTE
Energy
Co
34,973
3,687
Duke
Energy
Corp
130,731
12,528
Edison
International
65,015
4,387
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Electric
(continued)
Entergy
Corp
35,871
$
3,578
Evergy
Inc
38,966
1,978
Eversource
Energy
59,254
3,213
Exelon
Corp
168,849
5,878
FirstEnergy
Corp
87,599
3,213
NextEra
Energy
Inc
348,013
20,404
NRG
Energy
Inc
38,295
2,031
PG&E
Corp
361,888
6,105
Pinnacle
West
Capital
Corp
19,235
1,325
PPL
Corp
125,033
3,276
Public
Service
Enterprise
Group
Inc
84,526
4,902
Sempra
106,749
7,639
Southern
Co/The
184,993
12,861
WEC
Energy
Group
Inc
53,505
4,321
Xcel
Energy
Inc
93,601
5,604
$
145,246
Electrical
Components
&
Equipment
-
0
.47
%
AMETEK
Inc
39,148
6,344
Eaton
Corp
PLC
67,731
16,667
Emerson
Electric
Co
96,702
8,870
Generac
Holdings
Inc
(d)
10,421
1,185
$
33,066
Electronics
-
0
.94
%
Allegion
plc
14,890
1,845
Amphenol
Corp
101,485
10,260
Fortive
Corp
59,612
4,661
Garmin
Ltd
25,964
3,102
Honeywell
International
Inc
111,824
22,618
Hubbell
Inc
9,096
3,052
Jabil
Inc
21,701
2,719
Keysight
Technologies
Inc
(d)
30,121
4,616
Mettler-Toledo
International
Inc
(d)
3,679
4,404
TE
Connectivity
Ltd
52,716
7,496
Trimble
Inc
(d)
42,195
2,146
$
66,919
Energy
-
Alternate
Sources
-
0
.07
%
Enphase
Energy
Inc
(d)
23,161
2,412
First
Solar
Inc
(d)
18,124
2,651
$
5,063
Engineering
&
Construction
-
0
.04
%
Jacobs
Solutions
Inc
21,359
2,879
Entertainment
-
0
.05
%
Caesars
Entertainment
Inc
(d)
36,588
1,605
Live
Nation
Entertainment
Inc
(d)
24,068
2,139
$
3,744
Environmental
Control
-
0
.32
%
Pentair
PLC
28,037
2,051
Republic
Services
Inc
34,691
5,936
Veralto
Corp
37,184
2,852
Waste
Management
Inc
62,171
11,541
$
22,380
Food
-
0
.90
%
Campbell
Soup
Co
33,320
1,487
Conagra
Brands
Inc
81,075
2,363
General
Mills
Inc
98,599
6,400
Hershey
Co/The
25,424
4,921
Hormel
Foods
Corp
49,129
1,492
J
M
Smucker
Co/The
18,001
2,368
Kellanova
44,737
2,450
Kraft
Heinz
Co/The
135,232
5,021
Kroger
Co/The
112,250
5,179
Lamb
Weston
Holdings
Inc
24,583
2,518
McCormick
&
Co
Inc/MD
42,625
2,905
Mondelez
International
Inc
230,757
17,369
Sysco
Corp
85,525
6,922
Tyson
Foods
Inc
48,382
2,650
$
64,045
Schedule
of
Investments
LargeCap
S&P
500
Index
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
149
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Forest
Products
&
Paper
-
0
.03
%
International
Paper
Co
58,693
$
2,103
Gas
-
0
.07
%
Atmos
Energy
Corp
25,188
2,870
NiSource
Inc
70,098
1,820
$
4,690
Hand
&
Machine
Tools
-
0
.07
%
Snap-on
Inc
8,953
2,596
Stanley
Black
&
Decker
Inc
26,006
2,426
$
5,022
Healthcare
-
Products
-
3
.42
%
Abbott
Laboratories
294,356
33,306
Agilent
Technologies
Inc
49,629
6,457
Align
Technology
Inc
(d)
12,081
3,229
Baxter
International
Inc
86,052
3,329
Bio-Techne
Corp
26,824
1,886
Boston
Scientific
Corp
(d)
248,365
15,712
Cooper
Cos
Inc/The
8,401
3,134
Danaher
Corp
111,552
26,762
DENTSPLY
SIRONA
Inc
35,937
1,249
Edwards
Lifesciences
Corp
(d)
102,877
8,073
GE
HealthCare
Technologies
Inc
66,409
4,872
Hologic
Inc
(d)
41,548
3,093
IDEXX
Laboratories
Inc
(d)
14,096
7,261
Insulet
Corp
(d)
11,845
2,261
Intuitive
Surgical
Inc
(d)
59,718
22,586
Medtronic
PLC
225,688
19,757
ResMed
Inc
24,950
4,745
Revvity
Inc
20,933
2,244
STERIS
PLC
16,757
3,669
Stryker
Corp
57,351
19,240
Teleflex
Inc
7,972
1,936
Thermo
Fisher
Scientific
Inc
65,536
35,323
Waters
Corp
(d)
10,030
3,187
West
Pharmaceutical
Services
Inc
12,549
4,681
Zimmer
Biomet
Holdings
Inc
35,448
4,452
$
242,444
Healthcare
-
Services
-
2
.07
%
Catalent
Inc
(d)
30,579
1,579
Centene
Corp
(d)
90,613
6,824
Charles
River
Laboratories
International
Inc
(d)
8,702
1,882
DaVita
Inc
(d)
9,138
988
Elevance
Health
Inc
39,855
19,666
HCA
Healthcare
Inc
33,598
10,244
Humana
Inc
20,883
7,895
IQVIA
Holdings
Inc
(d)
31,062
6,468
Laboratory
Corp
of
America
Holdings
14,401
3,201
Molina
Healthcare
Inc
(d)
9,890
3,525
Quest
Diagnostics
Inc
19,070
2,449
UnitedHealth
Group
Inc
156,889
80,287
Universal
Health
Services
Inc
10,349
1,644
$
146,652
Home
Builders
-
0
.30
%
DR
Horton
Inc
51,119
7,305
Lennar
Corp
-
A
Shares
42,432
6,358
NVR
Inc
(d)
540
3,821
PulteGroup
Inc
36,570
3,824
$
21,308
Home
Furnishings
-
0
.01
%
Whirlpool
Corp
9,305
1,019
Insurance
-
3
.77
%
Aflac
Inc
90,202
7,608
Allstate
Corp/The
44,388
6,891
American
International
Group
Inc
119,081
8,277
Aon
PLC
33,961
10,135
Arch
Capital
Group
Ltd
(d)
63,298
5,218
Arthur
J
Gallagher
&
Co
36,620
8,502
Assurant
Inc
8,920
1,498
Berkshire
Hathaway
Inc
-
Class
B
(d)
308,618
118,429
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Insurance
(continued)
Brown
&
Brown
Inc
40,066
$
3,108
Chubb
Ltd
69,204
16,955
Cincinnati
Financial
Corp
26,616
2,949
Everest
Group
Ltd
7,362
2,834
Globe
Life
Inc
14,528
1,784
Hartford
Financial
Services
Group
Inc/The
51,018
4,437
Loews
Corp
31,053
2,263
Marsh
&
McLennan
Cos
Inc
83,637
16,212
MetLife
Inc
105,465
7,311
Principal
Financial
Group
Inc
37,205
2,943
Progressive
Corp/The
99,237
17,689
Prudential
Financial
Inc
61,234
6,425
Travelers
Cos
Inc/The
38,742
8,188
W
R
Berkley
Corp
34,554
2,829
Willis
Towers
Watson
PLC
17,516
4,314
$
266,799
Internet
-
11
.06
%
Airbnb
Inc
(d)
73,741
10,629
Alphabet
Inc
-
A
Shares
(d)
1,003,822
140,635
Alphabet
Inc
-
C
Shares
(d)
844,845
119,799
Amazon.com
Inc
(d)
1,542,530
239,401
Booking
Holdings
Inc
(d)
5,919
20,761
CDW
Corp/DE
22,723
5,152
eBay
Inc
88,035
3,616
Etsy
Inc
(d)
20,312
1,352
Expedia
Group
Inc
(d)
22,615
3,354
F5
Inc
(d)
10,126
1,860
Gen
Digital
Inc
95,637
2,246
Match
Group
Inc
(d)
46,106
1,769
Meta
Platforms
Inc
376,494
146,885
Netflix
Inc
(d)
74,241
41,880
Palo
Alto
Networks
Inc
(d)
52,720
17,846
Uber
Technologies
Inc
(d)
349,056
22,783
VeriSign
Inc
(d)
15,068
2,997
$
782,965
Iron
&
Steel
-
0
.15
%
Nucor
Corp
41,700
7,795
Steel
Dynamics
Inc
25,801
3,114
$
10,909
Leisure
Products
&
Services
-
0
.13
%
Carnival
Corp
(d)
170,895
2,833
Norwegian
Cruise
Line
Holdings
Ltd
(d)
72,162
1,285
Royal
Caribbean
Cruises
Ltd
(d)
39,987
5,098
$
9,216
Lodging
-
0
.35
%
Hilton
Worldwide
Holdings
Inc
43,499
8,307
Las
Vegas
Sands
Corp
62,615
3,063
Marriott
International
Inc/MD
41,846
10,032
MGM
Resorts
International
(d)
46,353
2,010
Wynn
Resorts
Ltd
16,285
1,538
$
24,950
Machinery
-
Construction
&
Mining
-
0
.37
%
Caterpillar
Inc
86,532
25,986
Machinery
-
Diversified
-
0
.73
%
Deere
&
Co
45,432
17,881
Dover
Corp
23,729
3,554
IDEX
Corp
12,828
2,713
Ingersoll
Rand
Inc
68,663
5,483
Nordson
Corp
9,188
2,313
Otis
Worldwide
Corp
69,420
6,140
Rockwell
Automation
Inc
19,452
4,927
Westinghouse
Air
Brake
Technologies
Corp
30,390
3,998
Xylem
Inc/NY
40,892
4,598
$
51,607
Media
-
1
.13
%
Charter
Communications
Inc
(d)
17,062
6,325
Comcast
Corp
-
Class
A
681,140
31,700
FactSet
Research
Systems
Inc
6,444
3,067
Schedule
of
Investments
LargeCap
S&P
500
Index
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
150
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Media
(continued)
Fox
Corp
-
A
Shares
41,936
$
1,354
Fox
Corp
-
B
Shares
22,378
672
News
Corp
-
A
Shares
64,555
1,591
News
Corp
-
B
Shares
(e)
19,474
498
Paramount
Global
-
Class
B
81,836
1,194
Walt
Disney
Co/The
310,372
29,811
Warner
Bros
Discovery
Inc
(d)
376,407
3,772
$
79,984
Mining
-
0
.23
%
Freeport-McMoRan
Inc
243,235
9,654
Newmont
Corp
195,488
6,746
$
16,400
Miscellaneous
Manufacturers
-
0
.94
%
3M
Co
93,685
8,839
A
O
Smith
Corp
20,834
1,617
Axon
Enterprise
Inc
(d)
11,946
2,975
General
Electric
Co
184,614
24,447
Illinois
Tool
Works
Inc
46,444
12,117
Parker-Hannifin
Corp
21,791
10,122
Teledyne
Technologies
Inc
(d)
8,002
3,349
Textron
Inc
33,247
2,816
$
66,282
Office
&
Business
Equipment
-
0
.03
%
Zebra
Technologies
Corp
(d)
8,712
2,087
Oil
&
Gas
-
3
.08
%
APA
Corp
52,026
1,630
Chevron
Corp
297,790
43,903
ConocoPhillips
201,411
22,532
Coterra
Energy
Inc
127,589
3,174
Devon
Energy
Corp
108,678
4,567
Diamondback
Energy
Inc
30,360
4,668
EOG
Resources
Inc
98,914
11,255
EQT
Corp
69,770
2,470
Exxon
Mobil
Corp
679,451
69,854
Hess
Corp
46,892
6,590
Marathon
Oil
Corp
99,272
2,268
Marathon
Petroleum
Corp
64,406
10,666
Occidental
Petroleum
Corp
111,999
6,448
Phillips
66
74,627
10,769
Pioneer
Natural
Resources
Co
39,575
9,096
Valero
Energy
Corp
57,749
8,021
$
217,911
Oil
&
Gas
Services
-
0
.31
%
Baker
Hughes
Co
170,680
4,864
Halliburton
Co
151,822
5,413
Schlumberger
NV
242,297
11,800
$
22,077
Packaging
&
Containers
-
0
.13
%
Amcor
PLC
245,162
2,312
Ball
Corp
53,482
2,965
Packaging
Corp
of
America
15,203
2,522
Westrock
Co
43,492
1,751
$
9,550
Pharmaceuticals
-
5
.48
%
AbbVie
Inc
299,475
49,234
Becton
Dickinson
&
Co
49,209
11,752
Bristol-Myers
Squibb
Co
345,141
16,867
Cardinal
Health
Inc
41,807
4,565
Cencora
Inc
28,278
6,580
Cigna
Group/The
49,635
14,938
CVS
Health
Corp
217,863
16,202
Dexcom
Inc
(d)
65,538
7,953
Eli
Lilly
&
Co
135,261
87,326
Henry
Schein
Inc
(d)
22,151
1,658
Johnson
&
Johnson
408,328
64,883
McKesson
Corp
22,571
11,283
Merck
&
Co
Inc
429,826
51,914
Pfizer
Inc
957,755
25,936
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Pharmaceuticals
(continued)
Viatris
Inc
203,491
$
2,395
Zoetis
Inc
77,877
14,626
$
388,112
Pipelines
-
0
.32
%
Kinder
Morgan
Inc
328,018
5,550
ONEOK
Inc
98,814
6,744
Targa
Resources
Corp
37,822
3,213
Williams
Cos
Inc/The
206,345
7,152
$
22,659
Private
Equity
-
0
.21
%
Blackstone
Inc
120,523
14,999
Real
Estate
-
0
.06
%
CBRE
Group
Inc
(d)
51,700
4,462
REITs
-
2
.17
%
Alexandria
Real
Estate
Equities
Inc
26,527
3,207
American
Tower
Corp
79,072
15,470
AvalonBay
Communities
Inc
24,088
4,312
Boston
Properties
Inc
24,490
1,629
Camden
Property
Trust
18,111
1,700
Crown
Castle
Inc
73,617
7,969
Digital
Realty
Trust
Inc
51,371
7,216
Equinix
Inc
15,923
13,212
Equity
Residential
58,612
3,528
Essex
Property
Trust
Inc
10,888
2,540
Extra
Space
Storage
Inc
35,838
5,176
Federal
Realty
Investment
Trust
12,459
1,268
Healthpeak
Properties
Inc
92,797
1,717
Host
Hotels
&
Resorts
Inc
119,659
2,300
Invitation
Homes
Inc
97,574
3,213
Iron
Mountain
Inc
49,529
3,344
Kimco
Realty
Corp
105,145
2,124
Mid-America
Apartment
Communities
Inc
19,793
2,501
Prologis
Inc
156,727
19,856
Public
Storage
26,844
7,602
Realty
Income
Corp
141,037
7,671
Regency
Centers
Corp
27,866
1,746
SBA
Communications
Corp
18,301
4,097
Simon
Property
Group
Inc
55,338
7,670
UDR
Inc
51,331
1,849
Ventas
Inc
68,253
3,166
VICI
Properties
Inc
175,478
5,285
Welltower
Inc
93,881
8,122
Weyerhaeuser
Co
123,825
4,058
$
153,548
Retail
-
4
.87
%
AutoZone
Inc
(d)
2,992
8,264
Bath
&
Body
Works
Inc
38,568
1,645
Best
Buy
Co
Inc
32,855
2,382
CarMax
Inc
(d)
26,912
1,916
Chipotle
Mexican
Grill
Inc
(d)
4,656
11,215
Costco
Wholesale
Corp
75,099
52,185
Darden
Restaurants
Inc
20,409
3,318
Dollar
General
Corp
37,229
4,917
Dollar
Tree
Inc
(d)
35,453
4,631
Domino's
Pizza
Inc
5,917
2,522
Genuine
Parts
Co
23,781
3,335
Home
Depot
Inc/The
169,634
59,874
Lowe's
Cos
Inc
97,892
20,835
Lululemon
Athletica
Inc
(d)
19,533
8,864
McDonald's
Corp
123,035
36,015
O'Reilly
Automotive
Inc
(d)
10,036
10,267
Ross
Stores
Inc
57,440
8,058
Starbucks
Corp
193,810
18,030
Target
Corp
78,299
10,890
TJX
Cos
Inc/The
194,062
18,418
Tractor
Supply
Co
18,339
4,119
Ulta
Beauty
Inc
(d)
8,351
4,193
Walgreens
Boots
Alliance
Inc
121,628
2,745
Walmart
Inc
241,971
39,986
Schedule
of
Investments
LargeCap
S&P
500
Index
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
151
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Retail
(continued)
Yum!
Brands
Inc
47,547
$
6,157
$
344,781
Semiconductors
-
8
.43
%
Advanced
Micro
Devices
Inc
(d)
274,054
45,956
Analog
Devices
Inc
84,525
16,259
Applied
Materials
Inc
141,895
23,313
Broadcom
Inc
74,455
87,857
Intel
Corp
715,124
30,808
KLA
Corp
23,058
13,697
Lam
Research
Corp
22,355
18,447
Microchip
Technology
Inc
91,774
7,817
Micron
Technology
Inc
186,249
15,971
Monolithic
Power
Systems
Inc
8,125
4,897
NVIDIA
Corp
418,967
257,778
NXP
Semiconductors
NV
43,723
9,207
ON
Semiconductor
Corp
(d)
73,057
5,197
Qorvo
Inc
(d)
16,513
1,647
QUALCOMM
Inc
188,790
28,037
Skyworks
Solutions
Inc
27,037
2,824
Teradyne
Inc
25,932
2,505
Texas
Instruments
Inc
154,052
24,667
$
596,884
Shipbuilding
-
0
.02
%
Huntington
Ingalls
Industries
Inc
6,738
1,745
Software
-
11
.34
%
Adobe
Inc
(d)
77,229
47,710
Akamai
Technologies
Inc
(d)
25,584
3,153
ANSYS
Inc
(d)
14,721
4,826
Autodesk
Inc
(d)
36,259
9,203
Broadridge
Financial
Solutions
Inc
19,956
4,075
Cadence
Design
Systems
Inc
(d)
46,148
13,312
Dayforce
Inc
(d)
26,456
1,839
Electronic
Arts
Inc
41,517
5,712
Fair
Isaac
Corp
(d)
4,193
5,027
Fidelity
National
Information
Services
Inc
100,499
6,257
Fiserv
Inc
(d)
101,806
14,443
Intuit
Inc
47,539
30,013
Jack
Henry
&
Associates
Inc
12,354
2,049
Microsoft
Corp
1,260,674
501,219
MSCI
Inc
13,416
8,031
Oracle
Corp
269,500
30,103
Paychex
Inc
54,532
6,638
Paycom
Software
Inc
8,320
1,583
PTC
Inc
(d)
20,157
3,641
Roper
Technologies
Inc
18,120
9,730
Salesforce
Inc
(d)
165,043
46,392
ServiceNow
Inc
(d)
34,771
26,614
Synopsys
Inc
(d)
25,797
13,759
Take-Two
Interactive
Software
Inc
(d)
26,827
4,424
Tyler
Technologies
Inc
(d)
7,138
3,018
$
802,771
Telecommunications
-
1
.78
%
Arista
Networks
Inc
(d)
42,742
11,056
AT&T
Inc
1,212,800
21,454
Cisco
Systems
Inc
687,061
34,477
Corning
Inc
130,247
4,232
Juniper
Networks
Inc
54,088
1,999
Motorola
Solutions
Inc
28,152
8,995
T-Mobile
US
Inc
86,313
13,916
Verizon
Communications
Inc
713,108
30,200
$
126,329
Toys,
Games
&
Hobbies
-
0
.02
%
Hasbro
Inc
22,122
1,083
Transportation
-
1
.22
%
CH
Robinson
Worldwide
Inc
19,785
1,664
CSX
Corp
335,196
11,966
Expeditors
International
of
Washington
Inc
24,662
3,116
FedEx
Corp
39,235
9,467
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Transportation
(continued)
JB
Hunt
Transport
Services
Inc
13,822
$
2,778
Norfolk
Southern
Corp
38,358
9,023
Old
Dominion
Freight
Line
Inc
15,177
5,935
Union
Pacific
Corp
103,402
25,223
United
Parcel
Service
Inc
122,681
17,408
$
86,580
Water
-
0
.06
%
American
Water
Works
Co
Inc
33,026
4,096
TOTAL
COMMON
STOCKS
$
6,900,425
Total
Investments
$
7,072,947
Other
Assets
and
Liabilities
- 0.12%
8,683
TOTAL
NET
ASSETS
-
100.00%
$
7,081,630
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$129
or
0.00%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
Security
or
a
portion
of
the
security
was
on
loan. At
the
end
of
the
period,
the
value
of
these
securities
totaled
$126
or
0.00%
of
net
assets.
Portfolio
Summary
Sector
Percent
Technology
27
.71
%
Consumer,
Non-cyclical
18
.56
%
Communications
14
.04
%
Financial
13
.75
%
Consumer,
Cyclical
8
.35
%
Industrial
7
.25
%
Energy
3
.78
%
Utilities
2
.18
%
Money
Market
Funds
2
.11
%
Basic
Materials
1
.82
%
Exchange-Traded
Funds
0
.33
%
Other
Assets
and
Liabilities
0
.12
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
LargeCap
S&P
500
Index
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
152
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
140,635
$
235,171
$
226,363
$
149,443
$
140,635
$
235,171
$
226,363
$
149,443
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
2,608
$
—
$
—
$
—
$
2,608
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
S&P
500
Emini;
March
2024
Long
637
$
155,125
$
4,682
Total
$
4,682
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
LargeCap
Value
Fund
III
January
31,
2024
(unaudited)
See
accompanying
notes.
153
INVESTMENT
COMPANIES
-
2
.87
%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0
.35
%
iShares
Russell
1000
Value
ETF
63,961
$
10,576
Money
Market
Funds
-
2
.52
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
5.21%
(a),(b)
795,741
796
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(a),(c)
75,716,303
75,716
$
76,512
TOTAL
INVESTMENT
COMPANIES
$
87,088
COMMON
STOCKS
-
97
.29
%
Shares
Held
Value
(000's)
Advertising
-
0
.02
%
Interpublic
Group
of
Cos
Inc/The
9,217
$
304
Omnicom
Group
Inc
4,701
425
$
729
Aerospace
&
Defense
-
0
.39
%
Boeing
Co/The
(d)
11,588
2,446
Curtiss-Wright
Corp
947
211
General
Dynamics
Corp
5,884
1,559
HEICO
Corp
75
14
HEICO
Corp
-
Class
A
132
19
Hexcel
Corp
1,990
132
Howmet
Aerospace
Inc
9,066
510
L3Harris
Technologies
Inc
4,533
945
Mercury
Systems
Inc
(d)
1,355
40
Northrop
Grumman
Corp
3,251
1,452
RTX
Corp
34,601
3,153
Spirit
AeroSystems
Holdings
Inc
(d)
2,420
66
TransDigm
Group
Inc
1,062
1,160
$
11,707
Agriculture
-
1
.36
%
Altria
Group
Inc
42,971
1,724
Archer-Daniels-Midland
Co
12,815
712
Bunge
Global
SA
3,466
305
Darling
Ingredients
Inc
(d)
3,773
164
Philip
Morris
International
Inc
422,269
38,363
$
41,268
Airlines
-
0
.05
%
Alaska
Air
Group
Inc
(d)
2,889
103
American
Airlines
Group
Inc
(d)
10,299
147
Delta
Air
Lines
Inc
14,608
572
Southwest
Airlines
Co
14,224
425
United
Airlines
Holdings
Inc
(d)
7,806
323
$
1,570
Apparel
-
0
.09
%
Birkenstock
Holding
Plc
(d),(e)
375
17
Capri
Holdings
Ltd
(d)
2,887
141
Carter's
Inc
932
70
Columbia
Sportswear
Co
915
73
NIKE
Inc
13,354
1,356
PVH
Corp
1,429
172
Ralph
Lauren
Corp
1,013
146
Skechers
USA
Inc
(d)
2,963
185
Tapestry
Inc
5,140
199
Under
Armour
Inc
-
Class
A
(d)
5,155
39
Under
Armour
Inc
-
Class
C
(d)
5,068
38
VF
Corp
8,814
145
$
2,581
Automobile
Manufacturers
-
0
.16
%
Cummins
Inc
3,395
812
Ford
Motor
Co
94,399
1,106
General
Motors
Co
32,956
1,279
Lucid
Group
Inc
(d),(e)
17,179
58
PACCAR
Inc
12,324
1,237
Rivian
Automotive
Inc
(d)
15,909
244
$
4,736
Automobile
Parts
&
Equipment
-
1
.06
%
Allison
Transmission
Holdings
Inc
1,860
113
Aptiv
PLC
(d)
385,130
31,323
BorgWarner
Inc
5,570
189
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Automobile
Parts
&
Equipment
(continued)
Gentex
Corp
5,594
$
185
Lear
Corp
1,380
183
Phinia
Inc
1,274
39
QuantumScape
Corp
(d)
8,728
59
$
32,091
Banks
-
7
.34
%
Bank
of
America
Corp
1,203,446
40,929
Bank
of
New
York
Mellon
Corp/The
18,516
1,027
Bank
OZK
2,697
122
BOK
Financial
Corp
736
62
Citigroup
Inc
46,014
2,585
Citizens
Financial
Group
Inc
11,181
366
Columbia
Banking
System
Inc
5,232
105
Comerica
Inc
3,123
164
Commerce
Bancshares
Inc/MO
2,843
148
Cullen/Frost
Bankers
Inc
1,389
147
East
West
Bancorp
Inc
3,335
243
Fifth
Third
Bancorp
16,243
556
First
Citizens
BancShares
Inc/NC
238
359
First
Hawaiian
Inc
3,279
71
First
Horizon
Corp
13,346
190
FNB
Corp/PA
8,244
109
Goldman
Sachs
Group
Inc/The
84,746
32,543
Huntington
Bancshares
Inc/OH
34,425
438
JPMorgan
Chase
&
Co
242,159
42,223
KeyCorp
22,287
324
M&T
Bank
Corp
166,614
23,010
Morgan
Stanley
28,923
2,523
Northern
Trust
Corp
4,880
389
NU
Holdings
Ltd/Cayman
Islands
(d)
18,392
158
Pinnacle
Financial
Partners
Inc
1,775
157
PNC
Financial
Services
Group
Inc/The
9,574
1,448
Popular
Inc
1,763
151
Prosperity
Bancshares
Inc
2,184
140
Regions
Financial
Corp
22,373
418
State
Street
Corp
7,407
547
Synovus
Financial
Corp
3,634
137
Truist
Financial
Corp
31,903
1,182
US
Bancorp
409,166
16,996
Webster
Financial
Corp
4,131
204
Wells
Fargo
&
Co
1,029,711
51,671
Western
Alliance
Bancorp
2,561
164
Wintrust
Financial
Corp
1,521
147
Zions
Bancorp
NA
3,456
145
$
222,298
Beverages
-
1
.45
%
Boston
Beer
Co
Inc/The
(d)
11
4
Brown-Forman
Corp
-
A
Shares
(e)
188
11
Brown-Forman
Corp
-
B
Shares
982
54
Coca-Cola
Co/The
47,228
2,809
Constellation
Brands
Inc
3,463
849
Keurig
Dr
Pepper
Inc
456,478
14,352
Molson
Coors
Beverage
Co
4,160
257
PepsiCo
Inc
151,286
25,496
$
43,832
Biotechnology
-
0
.34
%
Alnylam
Pharmaceuticals
Inc
(d)
562
97
Amgen
Inc
4,099
1,288
Biogen
Inc
(d)
3,449
851
BioMarin
Pharmaceutical
Inc
(d)
3,927
346
Bio-Rad
Laboratories
Inc
(d)
517
166
Certara
Inc
(d)
2,079
34
Corteva
Inc
17,152
780
Exelixis
Inc
(d)
2,128
46
Gilead
Sciences
Inc
30,068
2,353
Illumina
Inc
(d)
2,631
376
Incyte
Corp
(d)
1,115
66
Ionis
Pharmaceuticals
Inc
(d)
328
17
Karuna
Therapeutics
Inc
(d)
108
34
Schedule
of
Investments
LargeCap
Value
Fund
III
January
31,
2024
(unaudited)
See
accompanying
notes.
154
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Biotechnology
(continued)
Maravai
LifeSciences
Holdings
Inc
(d)
904
$
5
Moderna
Inc
(d)
7,975
806
Regeneron
Pharmaceuticals
Inc
(d)
2,300
2,168
Roivant
Sciences
Ltd
(d)
257
3
Royalty
Pharma
PLC
8,876
252
United
Therapeutics
Corp
(d)
1,073
230
Vertex
Pharmaceuticals
Inc
(d)
533
231
$
10,149
Building
Materials
-
1
.25
%
Armstrong
World
Industries
Inc
716
71
AZEK
Co
Inc/The
(d)
3,039
117
Builders
FirstSource
Inc
(d)
2,944
511
Carrier
Global
Corp
20,033
1,096
CRH
PLC
434,489
31,179
Eagle
Materials
Inc
309
70
Fortune
Brands
Innovations
Inc
2,999
233
Hayward
Holdings
Inc
(d)
3,425
43
Johnson
Controls
International
plc
16,356
862
Lennox
International
Inc
774
331
Louisiana-Pacific
Corp
1,482
99
Martin
Marietta
Materials
Inc
1,489
757
Masco
Corp
5,369
361
MDU
Resources
Group
Inc
4,655
91
Mohawk
Industries
Inc
(d)
1,323
138
Owens
Corning
2,124
322
Trane
Technologies
PLC
3,845
969
Vulcan
Materials
Co
2,470
558
$
37,808
Chemicals
-
2
.82
%
Air
Products
and
Chemicals
Inc
136,069
34,794
Albemarle
Corp
2,779
319
Ashland
Inc
1,095
103
Axalta
Coating
Systems
Ltd
(d)
892,297
28,929
Celanese
Corp
2,340
342
CF
Industries
Holdings
Inc
4,652
351
Chemours
Co/The
3,427
103
Dow
Inc
17,017
912
DuPont
de
Nemours
Inc
187,135
11,565
Eastman
Chemical
Co
2,809
235
Ecolab
Inc
1,333
264
Element
Solutions
Inc
5,627
125
FMC
Corp
2,517
141
Huntsman
Corp
3,897
96
International
Flavors
&
Fragrances
Inc
6,101
492
Linde
PLC
10,538
4,266
LyondellBasell
Industries
NV
6,214
585
Mosaic
Co/The
7,907
243
NewMarket
Corp
144
80
Olin
Corp
2,930
153
PPG
Industries
Inc
4,215
594
RPM
International
Inc
2,438
260
Sherwin-Williams
Co/The
938
286
Valvoline
Inc
(d)
2,354
86
Westlake
Corp
746
103
$
85,427
Commercial
Services
-
1
.19
%
ADT
Inc
5,746
38
Affirm
Holdings
Inc
(d)
5,406
219
Aramark
902,168
26,235
Automatic
Data
Processing
Inc
1,397
343
Avis
Budget
Group
Inc
342
56
Block
Inc
(d)
8,183
532
Bright
Horizons
Family
Solutions
Inc
(d)
1,159
114
Cintas
Corp
239
144
Clarivate
PLC
(d)
10,851
97
CoStar
Group
Inc
(d)
5,504
459
Driven
Brands
Holdings
Inc
(d)
1,155
15
Dun
&
Bradstreet
Holdings
Inc
6,284
73
Equifax
Inc
935
228
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Commercial
Services
(continued)
Euronet
Worldwide
Inc
(d)
545
$
54
FleetCor
Technologies
Inc
(d)
144
42
FTI
Consulting
Inc
(d)
671
129
Global
Payments
Inc
6,198
826
Grand
Canyon
Education
Inc
(d)
493
64
GXO
Logistics
Inc
(d)
2,774
151
H&R
Block
Inc
1,326
62
Hertz
Global
Holdings
Inc
(d)
3,671
31
ManpowerGroup
Inc
1,134
84
Mister
Car
Wash
Inc
(d),(e)
1,390
12
Moody's
Corp
322
126
PayPal
Holdings
Inc
(d)
2,505
154
Quanta
Services
Inc
2,531
491
R1
RCM
Inc
(d)
3,943
40
RB
Global
Inc
1,105
71
Robert
Half
Inc
2,491
198
S&P
Global
Inc
7,074
3,172
Service
Corp
International/US
2,240
150
TransUnion
4,596
318
U-Haul
Holding
Co
(d)
103
7
U-Haul
Holding
Co
1,426
91
United
Rentals
Inc
1,298
812
Vestis
Corp
3,021
65
WEX
Inc
(d)
533
109
WillScot
Mobile
Mini
Holdings
Corp
(d)
3,498
165
$
35,977
Computers
-
3
.39
%
Accenture
PLC
-
Class
A
70,789
25,759
Amdocs
Ltd
2,823
259
Apple
Inc
131,521
24,252
CACI
International
Inc
(d)
74,206
25,507
Cognizant
Technology
Solutions
Corp
259,299
19,997
Crane
NXT
Co
1,244
72
DXC
Technology
Co
(d)
4,716
103
Genpact
Ltd
3,063
110
Hewlett
Packard
Enterprise
Co
30,789
471
HP
Inc
16,462
473
International
Business
Machines
Corp
21,799
4,004
KBR
Inc
1,963
102
Kyndryl
Holdings
Inc
(d)
5,242
107
Leidos
Holdings
Inc
3,241
358
Lumentum
Holdings
Inc
(d)
1,542
85
NCR
Atleos
Corp
(d)
1,750
39
NCR
Voyix
Corp
(d)
2,974
44
NetApp
Inc
3,065
267
Pure
Storage
Inc
(d)
1,605
64
Science
Applications
International
Corp
1,261
161
Western
Digital
Corp
(d)
7,793
446
$
102,680
Consumer
Products
-
0
.43
%
Avery
Dennison
Corp
1,270
253
Church
&
Dwight
Co
Inc
127,585
12,740
Kimberly-Clark
Corp
517
63
Reynolds
Consumer
Products
Inc
1,484
40
Spectrum
Brands
Holdings
Inc
905
71
$
13,167
Cosmetics
&
Personal
Care
-
0
.33
%
Colgate-Palmolive
Co
19,739
1,662
Coty
Inc
(d)
8,681
105
Estee
Lauder
Cos
Inc/The
3,760
496
Kenvue
Inc
27,539
572
Olaplex
Holdings
Inc
(d)
2,547
6
Procter
&
Gamble
Co/The
45,861
7,206
$
10,047
Distribution
&
Wholesale
-
0
.07
%
Core
&
Main
Inc
(d)
3,390
140
Fastenal
Co
3,426
234
Ferguson
PLC
4,632
870
LKQ
Corp
6,362
297
Schedule
of
Investments
LargeCap
Value
Fund
III
January
31,
2024
(unaudited)
See
accompanying
notes.
155
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Distribution
&
Wholesale
(continued)
SiteOne
Landscape
Supply
Inc
(d)
694
$
107
Watsco
Inc
605
237
WESCO
International
Inc
1,033
179
$
2,064
Diversified
Financial
Services
-
2
.85
%
Affiliated
Managers
Group
Inc
889
132
Air
Lease
Corp
2,385
100
Ally
Financial
Inc
6,465
237
American
Express
Co
111,556
22,394
BlackRock
Inc
3,577
2,770
Blue
Owl
Capital
Inc
9,625
150
Capital
One
Financial
Corp
9,109
1,233
Cboe
Global
Markets
Inc
2,511
462
Charles
Schwab
Corp/The
390,097
24,545
CME
Group
Inc
8,633
1,777
Coinbase
Global
Inc
(d)
4,057
520
Credit
Acceptance
Corp
(d)
146
79
Discover
Financial
Services
5,983
631
Evercore
Inc
-
Class
A
886
152
Franklin
Resources
Inc
6,804
181
Houlihan
Lokey
Inc
1,133
136
Interactive
Brokers
Group
Inc
-
A
Shares
2,475
220
Intercontinental
Exchange
Inc
13,612
1,733
Invesco
Ltd
8,866
140
Janus
Henderson
Group
PLC
3,084
89
Jefferies
Financial
Group
Inc
4,341
177
Lazard
Inc
2,522
98
Nasdaq
Inc
8,165
472
OneMain
Holdings
Inc
2,816
134
Raymond
James
Financial
Inc
4,523
498
Rocket
Cos
Inc
(d)
1,385
17
SEI
Investments
Co
2,410
152
SLM
Corp
3,514
70
SoFi
Technologies
Inc
(d)
22,411
176
Stifel
Financial
Corp
2,371
173
Synchrony
Financial
9,901
385
T
Rowe
Price
Group
Inc
5,296
574
TPG
Inc
1,179
49
Tradeweb
Markets
Inc
1,764
168
UWM
Holdings
Corp
(e)
775
5
Virtu
Financial
Inc
2,273
38
Visa
Inc
91,760
25,074
Voya
Financial
Inc
2,318
168
Western
Union
Co/The
7,164
90
XP
Inc
7,119
175
$
86,374
Electric
-
4
.48
%
AES
Corp/The
5,997
100
Alliant
Energy
Corp
6,000
292
Ameren
Corp
6,256
435
American
Electric
Power
Co
Inc
12,383
968
Avangrid
Inc
1,836
56
Brookfield
Renewable
Corp
3,071
86
CenterPoint
Energy
Inc
15,101
422
Clearway
Energy
Inc
-
Class
A
677
15
Clearway
Energy
Inc
-
Class
C
2,116
51
CMS
Energy
Corp
6,951
397
Consolidated
Edison
Inc
8,338
758
Constellation
Energy
Corp
7,733
943
Dominion
Energy
Inc
20,104
919
DTE
Energy
Co
220,290
23,223
Duke
Energy
Corp
18,538
1,776
Edison
International
9,084
613
Entergy
Corp
302,883
30,216
Evergy
Inc
5,317
270
Eversource
Energy
8,334
452
Exelon
Corp
23,907
832
FirstEnergy
Corp
13,028
478
Hawaiian
Electric
Industries
Inc
2,989
39
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Electric
(continued)
IDACORP
Inc
1,162
$
108
NextEra
Energy
Inc
432,551
25,361
NRG
Energy
Inc
5,468
290
OGE
Energy
Corp
4,760
158
PG&E
Corp
48,995
827
Pinnacle
West
Capital
Corp
257,834
17,765
PPL
Corp
17,666
463
Public
Service
Enterprise
Group
Inc
11,956
693
Sempra
15,148
1,084
Southern
Co/The
26,213
1,822
Vistra
Corp
6,190
254
WEC
Energy
Group
Inc
283,893
22,927
Xcel
Energy
Inc
13,246
793
$
135,886
Electrical
Components
&
Equipment
-
0
.56
%
Acuity
Brands
Inc
736
175
AMETEK
Inc
5,526
895
Eaton
Corp
PLC
9,574
2,356
Emerson
Electric
Co
13,722
1,259
Generac
Holdings
Inc
(d)
1,445
164
Littelfuse
Inc
49,448
11,962
Universal
Display
Corp
589
100
$
16,911
Electronics
-
2
.04
%
Allegion
plc
123
15
Amphenol
Corp
6,961
704
Arrow
Electronics
Inc
(d)
1,316
146
Avnet
Inc
2,096
95
Coherent
Corp
(d)
3,285
156
Fortive
Corp
8,500
665
Garmin
Ltd
3,651
436
Honeywell
International
Inc
160,295
32,422
Hubbell
Inc
75,579
25,362
Jabil
Inc
1,098
138
Keysight
Technologies
Inc
(d)
3,157
484
nVent
Electric
PLC
3,912
235
Sensata
Technologies
Holding
PLC
3,792
137
TD
SYNNEX
Corp
1,333
133
Trimble
Inc
(d)
5,885
299
Vontier
Corp
2,374
82
Woodward
Inc
1,425
196
$
61,705
Energy
-
Alternate
Sources
-
0
.02
%
First
Solar
Inc
(d)
2,523
369
Plug
Power
Inc
(d),(e)
12,125
54
Sunrun
Inc
(d)
4,861
70
$
493
Engineering
&
Construction
-
0
.87
%
AECOM
133,717
11,793
EMCOR
Group
Inc
715
163
Jacobs
Solutions
Inc
104,674
14,107
MasTec
Inc
(d)
1,435
94
TopBuild
Corp
(d)
718
265
$
26,422
Entertainment
-
0
.03
%
AMC
Entertainment
Holdings
Inc
(d),(e)
3,485
14
Caesars
Entertainment
Inc
(d)
3,054
134
Liberty
Media
Corp-Liberty
Live
-
A
Shares
(d)
363
13
Liberty
Media
Corp-Liberty
Live
-
C
Shares
(d)
1,273
47
Live
Nation
Entertainment
Inc
(d)
2,871
255
Madison
Square
Garden
Sports
Corp
(d)
429
79
Marriott
Vacations
Worldwide
Corp
829
70
Penn
Entertainment
Inc
(d)
3,448
78
Vail
Resorts
Inc
813
181
$
871
Schedule
of
Investments
LargeCap
Value
Fund
III
January
31,
2024
(unaudited)
See
accompanying
notes.
156
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Environmental
Control
-
0
.48
%
Clean
Harbors
Inc
(d)
1,200
$
202
Pentair
PLC
3,902
286
Republic
Services
Inc
4,952
847
Stericycle
Inc
(d)
2,123
102
Tetra
Tech
Inc
1,013
160
Veralto
Corp
5,242
402
Waste
Management
Inc
67,982
12,619
$
14,618
Food
-
1
.08
%
Albertsons
Cos
Inc
9,102
193
Campbell
Soup
Co
4,554
203
Conagra
Brands
Inc
11,381
332
Flowers
Foods
Inc
4,328
99
General
Mills
Inc
13,981
907
Grocery
Outlet
Holding
Corp
(d)
2,449
61
Hershey
Co/The
127,904
24,754
Hormel
Foods
Corp
6,915
210
Ingredion
Inc
1,550
167
J
M
Smucker
Co/The
2,451
322
Kellanova
6,207
340
Kraft
Heinz
Co/The
19,315
717
Kroger
Co/The
15,688
724
Lamb
Weston
Holdings
Inc
159
16
McCormick
&
Co
Inc/MD
6,004
409
Mondelez
International
Inc
32,717
2,463
Performance
Food
Group
Co
(d)
2,039
148
Pilgrim's
Pride
Corp
(d)
697
19
Post
Holdings
Inc
(d)
1,184
110
Seaboard
Corp
6
22
Tyson
Foods
Inc
6,638
363
US
Foods
Holding
Corp
(d)
5,410
249
WK
Kellogg
Co
1,207
16
$
32,844
Forest
Products
&
Paper
-
0
.01
%
International
Paper
Co
8,280
297
Gas
-
0
.03
%
Atmos
Energy
Corp
3,545
404
National
Fuel
Gas
Co
2,048
97
NiSource
Inc
9,885
257
UGI
Corp
5,031
111
$
869
Hand
&
Machine
Tools
-
0
.55
%
Lincoln
Electric
Holdings
Inc
70
16
MSA
Safety
Inc
706
116
Regal
Rexnord
Corp
1,558
208
Snap-on
Inc
1,233
357
Stanley
Black
&
Decker
Inc
172,577
16,102
$
16,799
Healthcare
-
Products
-
4
.51
%
Abbott
Laboratories
361,509
40,905
Agilent
Technologies
Inc
1,295
168
Avantor
Inc
(d)
1,264,046
29,060
Azenta
Inc
(d)
1,370
89
Baxter
International
Inc
12,094
468
Bio-Techne
Corp
173
12
Boston
Scientific
Corp
(d)
35,188
2,226
Cooper
Cos
Inc/The
1,173
438
Danaher
Corp
119,266
28,613
DENTSPLY
SIRONA
Inc
5,036
175
Enovis
Corp
(d)
1,209
71
Envista
Holdings
Corp
(d)
3,772
89
Exact
Sciences
Corp
(d)
2,767
181
GE
HealthCare
Technologies
Inc
8,658
635
Globus
Medical
Inc
(d)
1,957
103
Hologic
Inc
(d)
5,803
432
ICU
Medical
Inc
(d)
465
43
Integra
LifeSciences
Holdings
Corp
(d)
1,762
71
Medtronic
PLC
304,628
26,667
QIAGEN
NV
(d)
5,367
234
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Healthcare
-
Products
(continued)
QuidelOrtho
Corp
(d)
1,232
$
84
Repligen
Corp
(d)
769
146
Revvity
Inc
2,967
318
STERIS
PLC
2,369
519
Stryker
Corp
6,370
2,137
Tandem
Diabetes
Care
Inc
(d)
1,521
35
Teleflex
Inc
1,113
270
Thermo
Fisher
Scientific
Inc
3,567
1,923
Zimmer
Biomet
Holdings
Inc
5,031
632
$
136,744
Healthcare
-
Services
-
3
.54
%
Acadia
Healthcare
Co
Inc
(d)
2,120
174
agilon
health
Inc
(d)
554
3
Amedisys
Inc
(d)
739
70
Catalent
Inc
(d)
4,279
221
Centene
Corp
(d)
12,834
967
Charles
River
Laboratories
International
Inc
(d)
1,225
265
Chemed
Corp
97
57
Elevance
Health
Inc
79,668
39,312
Encompass
Health
Corp
2,177
155
Fortrea
Holdings
Inc
(d)
2,041
63
Ginkgo
Bioworks
Holdings
Inc
(d),(e)
32,594
39
HCA
Healthcare
Inc
3,779
1,152
Humana
Inc
1,707
645
ICON
PLC
(d)
1,649
430
IQVIA
Holdings
Inc
(d)
307
64
Laboratory
Corp
of
America
Holdings
2,023
450
Molina
Healthcare
Inc
(d)
639
228
Quest
Diagnostics
Inc
2,657
341
Sotera
Health
Co
(d)
573
8
Teladoc
Health
Inc
(d)
3,799
74
Tenet
Healthcare
Corp
(d)
2,391
198
UnitedHealth
Group
Inc
121,509
62,181
Universal
Health
Services
Inc
1,428
227
$
107,324
Home
Builders
-
0
.11
%
DR
Horton
Inc
7,480
1,069
Lennar
Corp
-
A
Shares
5,891
883
Lennar
Corp
-
B
Shares
344
47
NVR
Inc
(d)
65
460
PulteGroup
Inc
5,134
537
Thor
Industries
Inc
1,281
145
Toll
Brothers
Inc
2,560
254
$
3,395
Home
Furnishings
-
0
.02
%
Dolby
Laboratories
Inc
1,364
113
Leggett
&
Platt
Inc
3,054
71
Tempur
Sealy
International
Inc
3,158
158
Whirlpool
Corp
1,254
137
$
479
Housewares
-
0
.00
%
Newell
Brands
Inc
8,770
73
Insurance
-
6
.80
%
Aflac
Inc
14,190
1,197
Allstate
Corp/The
209,641
32,547
American
Financial
Group
Inc/OH
1,714
206
American
International
Group
Inc
841,390
58,485
Aon
PLC
4,756
1,419
Arch
Capital
Group
Ltd
(d)
7,344
605
Arthur
J
Gallagher
&
Co
110,569
25,670
Assurant
Inc
1,239
208
Assured
Guaranty
Ltd
1,296
105
Axis
Capital
Holdings
Ltd
1,792
107
Berkshire
Hathaway
Inc
-
Class
B
(d)
109,101
41,867
Brighthouse
Financial
Inc
(d)
1,345
70
Brown
&
Brown
Inc
3,440
267
Chubb
Ltd
9,764
2,392
Cincinnati
Financial
Corp
3,648
404
CNA
Financial
Corp
484
21
Schedule
of
Investments
LargeCap
Value
Fund
III
January
31,
2024
(unaudited)
See
accompanying
notes.
157
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Insurance
(continued)
Corebridge
Financial
Inc
5,516
$
133
Everest
Group
Ltd
897
345
Fidelity
National
Financial
Inc
6,197
310
First
American
Financial
Corp
2,371
143
Globe
Life
Inc
2,097
258
Hanover
Insurance
Group
Inc/The
818
108
Hartford
Financial
Services
Group
Inc/The
7,097
617
Kemper
Corp
1,389
83
Lincoln
National
Corp
3,532
97
Loews
Corp
4,420
322
Markel
Group
Inc
(d)
321
481
Marsh
&
McLennan
Cos
Inc
2,356
457
MetLife
Inc
15,232
1,056
MGIC
Investment
Corp
6,982
139
Old
Republic
International
Corp
6,275
176
Primerica
Inc
288
67
Progressive
Corp/The
76,742
13,680
Prudential
Financial
Inc
8,728
916
Reinsurance
Group
of
America
Inc
1,566
272
RenaissanceRe
Holdings
Ltd
863
197
RLI
Corp
722
98
Travelers
Cos
Inc/The
5,480
1,158
Unum
Group
4,681
226
W
R
Berkley
Corp
4,794
393
White
Mountains
Insurance
Group
Ltd
64
101
Willis
Towers
Watson
PLC
75,266
18,538
$
205,941
Internet
-
1
.64
%
Alphabet
Inc
-
A
Shares
(d)
330,949
46,366
CDW
Corp/DE
207
47
DoorDash
Inc
-
Class
A
(d)
1,580
165
eBay
Inc
11,994
493
Etsy
Inc
(d)
1,242
83
Expedia
Group
Inc
(d)
932
138
F5
Inc
(d)
1,416
260
Gen
Digital
Inc
11,182
263
GoDaddy
Inc
(d)
1,374
146
IAC
Inc
(d)
1,707
86
Maplebear
Inc
(d),(e)
114
3
Match
Group
Inc
(d)
512
20
Okta
Inc
(d)
3,425
283
Robinhood
Markets
Inc
(d)
16,157
173
Roku
Inc
(d)
2,557
225
TripAdvisor
Inc
(d)
2,773
60
VeriSign
Inc
(d)
2,009
399
Wayfair
Inc
(d)
1,234
62
Zillow
Group
Inc
-
A
Shares
(d)
1,276
70
Zillow
Group
Inc
-
C
Shares
(d)
3,671
209
$
49,551
Iron
&
Steel
-
0
.08
%
Cleveland-Cliffs
Inc
(d)
11,974
240
Nucor
Corp
5,975
1,117
Reliance
Steel
&
Aluminum
Co
1,374
392
Steel
Dynamics
Inc
3,737
451
United
States
Steel
Corp
5,370
253
$
2,453
Leisure
Products
&
Services
-
0
.05
%
Brunswick
Corp/DE
1,535
124
Carnival
Corp
(d)
23,785
394
Harley-Davidson
Inc
2,965
96
Norwegian
Cruise
Line
Holdings
Ltd
(d)
8,090
144
Planet
Fitness
Inc
(d)
1,028
70
Polaris
Inc
1,131
102
Royal
Caribbean
Cruises
Ltd
(d)
3,891
496
$
1,426
Lodging
-
2
.14
%
Boyd
Gaming
Corp
1,664
106
Hilton
Worldwide
Holdings
Inc
3,234
618
Hyatt
Hotels
Corp
1,114
143
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Lodging
(continued)
Las
Vegas
Sands
Corp
792,149
$
38,752
MGM
Resorts
International
(d)
6,782
294
Travel
+
Leisure
Co
999
40
Wyndham
Hotels
&
Resorts
Inc
1,800
140
Wynn
Resorts
Ltd
260,920
24,639
$
64,732
Machinery
-
Construction
&
Mining
-
2
.11
%
BWX
Technologies
Inc
1,896
154
Caterpillar
Inc
3,056
918
Oshkosh
Corp
1,534
169
Vertiv
Holdings
Co
1,113,855
62,743
$
63,984
Machinery
-
Diversified
-
0
.18
%
AGCO
Corp
1,470
180
CNH
Industrial
NV
23,352
280
Cognex
Corp
4,110
148
Crane
Co
1,196
148
Deere
&
Co
438
172
Dover
Corp
3,337
500
Esab
Corp
1,301
112
Flowserve
Corp
3,285
131
Gates
Industrial
Corp
PLC
(d)
2,883
37
Graco
Inc
2,337
199
IDEX
Corp
1,653
350
Ingersoll
Rand
Inc
9,726
777
Middleby
Corp/The
(d)
1,259
178
Nordson
Corp
1,357
342
Otis
Worldwide
Corp
9,350
827
Westinghouse
Air
Brake
Technologies
Corp
4,271
562
Xylem
Inc/NY
5,005
563
$
5,506
Media
-
1
.81
%
Cable
One
Inc
120
66
Comcast
Corp
-
Class
A
1,034,906
48,164
Fox
Corp
-
A
Shares
5,925
191
Fox
Corp
-
B
Shares
3,096
93
Liberty
Broadband
Corp
-
A
Shares
(d)
250
20
Liberty
Broadband
Corp
-
C
Shares
(d)
2,184
171
Liberty
Media
Corp-Liberty
Formula
One
-
A
Shares
(d)
621
38
Liberty
Media
Corp-Liberty
Formula
One
-
C
Shares
(d)
4,615
310
Liberty
Media
Corp-Liberty
SiriusXM
-
A
Shares
(d)
1,918
58
Liberty
Media
Corp-Liberty
SiriusXM
-
C
Shares
(d)
3,539
108
New
York
Times
Co/The
3,839
186
News
Corp
-
A
Shares
9,102
224
News
Corp
-
B
Shares
(e)
2,685
69
Nexstar
Media
Group
Inc
505
90
Paramount
Global
-
Class
A
(e)
171
4
Paramount
Global
-
Class
B
13,791
201
Sirius
XM
Holdings
Inc
(e)
14,848
76
Walt
Disney
Co/The
43,871
4,214
Warner
Bros
Discovery
Inc
(d)
52,756
529
$
54,812
Metal
Fabrication
&
Hardware
-
0
.01
%
RBC
Bearings
Inc
(d)
665
179
Timken
Co/The
1,410
115
Valmont
Industries
Inc
446
101
$
395
Mining
-
0
.09
%
Alcoa
Corp
4,472
133
Freeport-McMoRan
Inc
34,360
1,364
MP
Materials
Corp
(d)
2,682
42
Newmont
Corp
27,743
957
Royal
Gold
Inc
1,560
178
SSR
Mining
Inc
5,252
50
$
2,724
Schedule
of
Investments
LargeCap
Value
Fund
III
January
31,
2024
(unaudited)
See
accompanying
notes.
158
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Miscellaneous
Manufacturers
-
0
.27
%
3M
Co
13,220
$
1,247
A
O
Smith
Corp
2,596
201
Carlisle
Cos
Inc
1,148
361
Donaldson
Co
Inc
1,633
105
General
Electric
Co
26,079
3,453
Illinois
Tool
Works
Inc
1,317
344
ITT
Inc
1,950
236
Parker-Hannifin
Corp
3,078
1,430
Teledyne
Technologies
Inc
(d)
1,125
471
Textron
Inc
4,691
397
$
8,245
Office
&
Business
Equipment
-
0
.01
%
Zebra
Technologies
Corp
(d)
996
239
Oil
&
Gas
-
7
.22
%
Antero
Resources
Corp
(d)
6,758
151
APA
Corp
969
30
Chesapeake
Energy
Corp
3,010
232
Chevron
Corp
204,371
30,131
ConocoPhillips
233,229
26,091
Coterra
Energy
Inc
17,918
446
Devon
Energy
Corp
15,410
648
Diamondback
Energy
Inc
4,276
657
EOG
Resources
Inc
261,568
29,764
EQT
Corp
8,619
305
Exxon
Mobil
Corp
329,302
33,856
Hess
Corp
198,324
27,870
HF
Sinclair
Corp
3,462
196
Marathon
Oil
Corp
14,530
332
Marathon
Petroleum
Corp
9,126
1,511
Occidental
Petroleum
Corp
16,526
951
Ovintiv
Inc
3,416
145
Phillips
66
215,995
31,170
Pioneer
Natural
Resources
Co
143,288
32,932
Range
Resources
Corp
5,588
162
Southwestern
Energy
Co
(d)
25,999
168
Valero
Energy
Corp
8,162
1,134
$
218,882
Oil
&
Gas
Services
-
1
.18
%
Baker
Hughes
Co
24,283
692
Halliburton
Co
928,576
33,103
NOV
Inc
9,377
183
Schlumberger
NV
34,273
1,669
TechnipFMC
PLC
10,532
204
$
35,851
Packaging
&
Containers
-
0
.08
%
Amcor
PLC
34,638
327
AptarGroup
Inc
1,539
200
Ardagh
Group
SA
(d),(f)
412
—
Ardagh
Metal
Packaging
SA
187
1
Ball
Corp
7,364
408
Berry
Global
Group
Inc
2,880
189
Crown
Holdings
Inc
2,510
222
Graphic
Packaging
Holding
Co
3,263
83
Packaging
Corp
of
America
2,094
347
Sealed
Air
Corp
1,661
57
Silgan
Holdings
Inc
1,926
88
Sonoco
Products
Co
2,452
140
Westrock
Co
6,067
244
$
2,306
Pharmaceuticals
-
5
.71
%
Becton
Dickinson
&
Co
130,000
31,046
Bristol-Myers
Squibb
Co
48,990
2,394
Cardinal
Health
Inc
2,881
315
Cigna
Group/The
6,499
1,956
CVS
Health
Corp
536,053
39,866
Elanco
Animal
Health
Inc
(d)
11,711
173
Henry
Schein
Inc
(d)
3,094
231
Jazz
Pharmaceuticals
PLC
(d)
678
83
Johnson
&
Johnson
316,623
50,311
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Pharmaceuticals
(continued)
McKesson
Corp
2,008
$
1,004
Merck
&
Co
Inc
343,270
41,460
Organon
&
Co
5,895
98
Perrigo
Co
PLC
3,108
100
Pfizer
Inc
135,528
3,670
Premier
Inc
3,059
66
Viatris
Inc
28,620
337
$
173,110
Pipelines
-
1
.11
%
Antero
Midstream
Corp
5,827
71
DT
Midstream
Inc
2,433
131
Enbridge
Inc
861,821
30,595
Kinder
Morgan
Inc
47,170
798
ONEOK
Inc
13,215
902
Williams
Cos
Inc/The
29,287
1,015
$
33,512
Private
Equity
-
0
.04
%
Carlyle
Group
Inc/The
5,024
201
KKR
&
Co
Inc
12,026
1,041
$
1,242
Real
Estate
-
0
.03
%
CBRE
Group
Inc
(d)
7,303
630
Howard
Hughes
Holdings
Inc
(d)
777
62
Jones
Lang
LaSalle
Inc
(d)
1,107
196
$
888
REITs
-
4
.42
%
AGNC
Investment
Corp
16,366
155
Agree
Realty
Corp
2,366
141
Alexandria
Real
Estate
Equities
Inc
4,108
497
American
Homes
4
Rent
7,960
279
Americold
Realty
Trust
Inc
6,449
177
Annaly
Capital
Management
Inc
11,807
227
Apartment
Income
REIT
Corp
3,739
122
AvalonBay
Communities
Inc
3,387
606
Boston
Properties
Inc
3,728
248
Brixmor
Property
Group
Inc
7,152
160
Camden
Property
Trust
2,456
230
Cousins
Properties
Inc
3,486
80
Crown
Castle
Inc
9,298
1,007
CubeSmart
5,340
231
Digital
Realty
Trust
Inc
7,257
1,019
EastGroup
Properties
Inc
1,081
192
EPR
Properties
1,710
76
Equinix
Inc
1,124
933
Equity
LifeStyle
Properties
Inc
2,837
192
Equity
Residential
8,917
537
Essex
Property
Trust
Inc
1,517
354
Extra
Space
Storage
Inc
5,014
724
Federal
Realty
Investment
Trust
1,905
194
First
Industrial
Realty
Trust
Inc
3,132
161
Gaming
and
Leisure
Properties
Inc
6,144
280
Healthcare
Realty
Trust
Inc
9,080
146
Healthpeak
Properties
Inc
13,088
242
Highwoods
Properties
Inc
2,684
62
Host
Hotels
&
Resorts
Inc
16,918
325
Invitation
Homes
Inc
14,623
482
Iron
Mountain
Inc
3,473
235
Kilroy
Realty
Corp
2,689
96
Kimco
Realty
Corp
15,747
318
Lamar
Advertising
Co
458
48
Medical
Properties
Trust
Inc
13,696
42
Mid-America
Apartment
Communities
Inc
2,753
348
National
Storage
Affiliates
Trust
1,859
69
NET
Lease
Office
Properties
262
7
NNN
REIT
Inc
4,317
174
Omega
Healthcare
Investors
Inc
5,878
170
Park
Hotels
&
Resorts
Inc
4,919
74
Prologis
Inc
159,075
20,153
Public
Storage
69,505
19,684
Schedule
of
Investments
LargeCap
Value
Fund
III
January
31,
2024
(unaudited)
See
accompanying
notes.
159
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
REITs
(continued)
Rayonier
Inc
3,384
$
103
Realty
Income
Corp
19,931
1,084
Regency
Centers
Corp
4,318
271
Rexford
Industrial
Realty
Inc
5,043
265
Rithm
Capital
Corp
12,138
130
SBA
Communications
Corp
2,307
516
Simon
Property
Group
Inc
6,097
845
STAG
Industrial
Inc
4,295
159
Starwood
Property
Trust
Inc
7,430
151
Sun
Communities
Inc
2,275
285
UDR
Inc
7,405
267
Ventas
Inc
376,678
17,474
VICI
Properties
Inc
1,951,710
58,785
Vornado
Realty
Trust
4,073
111
Welltower
Inc
12,907
1,117
Weyerhaeuser
Co
17,526
574
WP
Carey
Inc
5,048
313
$
133,947
Retail
-
5
.14
%
Advance
Auto
Parts
Inc
1,371
92
AutoNation
Inc
(d)
656
92
AutoZone
Inc
(d)
73
202
Bath
&
Body
Works
Inc
5,472
233
Best
Buy
Co
Inc
4,001
290
BJ's
Wholesale
Club
Holdings
Inc
(d)
2,180
140
CarMax
Inc
(d)
3,545
252
Casey's
General
Stores
Inc
792
215
Cava
Group
Inc
(d)
115
5
Darden
Restaurants
Inc
76,107
12,373
Dick's
Sporting
Goods
Inc
1,304
194
Dollar
General
Corp
131,642
17,386
Dollar
Tree
Inc
(d)
4,998
653
Domino's
Pizza
Inc
59,568
25,389
Freshpet
Inc
(d)
813
70
GameStop
Corp
(d),(e)
6,179
88
Gap
Inc/The
4,478
84
Genuine
Parts
Co
3,356
471
Home
Depot
Inc/The
69,485
24,525
Kohl's
Corp
2,850
73
Lithia
Motors
Inc
80,209
23,650
Lowe's
Cos
Inc
3,696
787
Macy's
Inc
6,861
125
McDonald's
Corp
10,296
3,014
MSC
Industrial
Direct
Co
Inc
1,080
107
Murphy
USA
Inc
20
7
Nordstrom
Inc
2,942
53
Ollie's
Bargain
Outlet
Holdings
Inc
(d)
967
69
O'Reilly
Automotive
Inc
(d)
13,101
13,403
Penske
Automotive
Group
Inc
451
67
Petco
Health
&
Wellness
Co
Inc
(d)
1,524
4
RH
(d)
300
76
Ross
Stores
Inc
518
73
Victoria's
Secret
&
Co
(d)
805
21
Walgreens
Boots
Alliance
Inc
17,145
387
Walmart
Inc
186,308
30,788
Williams-Sonoma
Inc
1,333
258
Yum!
Brands
Inc
788
102
$
155,818
Savings
&
Loans
-
0
.00
%
New
York
Community
Bancorp
Inc
17,011
110
TFS
Financial
Corp
931
12
$
122
Semiconductors
-
5
.02
%
Advanced
Micro
Devices
Inc
(d)
16,619
2,787
Analog
Devices
Inc
11,981
2,305
Applied
Materials
Inc
3,108
511
Broadcom
Inc
43,366
51,172
Cirrus
Logic
Inc
(d)
1,273
98
Entegris
Inc
3,386
398
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Semiconductors
(continued)
GLOBALFOUNDRIES
Inc
(d),(e)
1,809
$
99
Intel
Corp
101,226
4,361
IPG
Photonics
Corp
(d)
691
68
Lam
Research
Corp
162
134
Marvell
Technology
Inc
20,551
1,391
Microchip
Technology
Inc
287,383
24,480
Micron
Technology
Inc
26,290
2,254
MKS
Instruments
Inc
1,561
166
ON
Semiconductor
Corp
(d)
10,363
737
Qorvo
Inc
(d)
2,359
235
QUALCOMM
Inc
256,723
38,126
Skyworks
Solutions
Inc
197,338
20,614
Teradyne
Inc
668
64
Texas
Instruments
Inc
12,925
2,070
Wolfspeed
Inc
(d)
2,978
97
$
152,167
Shipbuilding
-
0
.01
%
Huntington
Ingalls
Industries
Inc
931
241
Software
-
5
.42
%
Akamai
Technologies
Inc
(d)
3,577
441
ANSYS
Inc
(d)
351
115
AppLovin
Corp
(d)
3,944
162
Aspen
Technology
Inc
(d)
696
134
Bentley
Systems
Inc
274
14
BILL
Holdings
Inc
(d)
2,430
190
Broadridge
Financial
Solutions
Inc
444
91
CCC
Intelligent
Solutions
Holdings
Inc
(d)
5,194
57
Concentrix
Corp
1,011
90
Dayforce
Inc
(d),(e)
3,201
222
Doximity
Inc
(d)
1,747
47
Dropbox
Inc
-
A
Shares
(d)
542
17
Electronic
Arts
Inc
143,495
19,742
Fidelity
National
Information
Services
Inc
687,267
42,789
Fiserv
Inc
(d)
10,439
1,481
Guidewire
Software
Inc
(d)
1,924
215
HashiCorp
Inc
(d)
573
12
Informatica
Inc
(d)
690
21
Jack
Henry
&
Associates
Inc
1,176
195
Microsoft
Corp
97,195
38,643
MSCI
Inc
930
557
nCino
Inc
(d)
1,464
46
Nutanix
Inc
(d)
4,405
248
Oracle
Corp
239,565
26,760
Paycor
HCM
Inc
(d)
557
11
Playtika
Holding
Corp
(d)
67
—
PTC
Inc
(d)
1,281
231
Roper
Technologies
Inc
2,547
1,368
Salesforce
Inc
(d)
100,486
28,246
SentinelOne
Inc
(d)
5,125
137
SS&C
Technologies
Holdings
Inc
5,178
316
Take-Two
Interactive
Software
Inc
(d)
3,950
651
Twilio
Inc
(d)
3,360
236
Tyler
Technologies
Inc
(d)
235
99
UiPath
Inc
(d)
2,389
55
Unity
Software
Inc
(d)
4,226
137
Zoom
Video
Communications
Inc
(d)
6,110
395
ZoomInfo
Technologies
Inc
(d)
3,747
60
$
164,231
Telecommunications
-
0
.92
%
AT&T
Inc
171,723
3,038
Ciena
Corp
(d)
3,525
187
Cisco
Systems
Inc
97,262
4,881
Corning
Inc
18,205
591
Frontier
Communications
Parent
Inc
(d),(e)
5,845
144
Iridium
Communications
Inc
156
6
Juniper
Networks
Inc
7,606
281
Motorola
Solutions
Inc
38,845
12,411
T-Mobile
US
Inc
12,594
2,030
Ubiquiti
Inc
12
1
Schedule
of
Investments
LargeCap
Value
Fund
III
January
31,
2024
(unaudited)
See
accompanying
notes.
160
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Telecommunications
(continued)
Verizon
Communications
Inc
100,941
$
4,275
Viasat
Inc
(d)
2,694
60
$
27,905
Toys,
Games
&
Hobbies
-
0
.01
%
Hasbro
Inc
3,103
152
Mattel
Inc
(d)
8,413
150
$
302
Transportation
-
2
.84
%
CH
Robinson
Worldwide
Inc
660
55
CSX
Corp
42,204
1,507
Expeditors
International
of
Washington
Inc
3,048
385
FedEx
Corp
102,121
24,641
JB
Hunt
Transport
Services
Inc
144,983
29,139
Kirby
Corp
(d)
1,358
107
Knight-Swift
Transportation
Holdings
Inc
3,712
213
Landstar
System
Inc
199
38
Norfolk
Southern
Corp
5,460
1,284
Old
Dominion
Freight
Line
Inc
157
61
Ryder
System
Inc
1,007
114
Saia
Inc
(d)
574
259
Schneider
National
Inc
1,496
37
Union
Pacific
Corp
107,707
26,273
United
Parcel
Service
Inc
12,594
1,787
XPO
Inc
(d)
2,699
231
$
86,131
Water
-
0
.03
%
American
Water
Works
Co
Inc
4,670
579
Essential
Utilities
Inc
5,797
208
$
787
TOTAL
COMMON
STOCKS
$
2,947,685
Total
Investments
$
3,034,773
Other
Assets
and
Liabilities
- (0.16)%
(
4,889
)
TOTAL
NET
ASSETS
-
100.00%
$
3,029,884
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$796
or
0.03%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
Security
or
a
portion
of
the
security
was
on
loan. At
the
end
of
the
period,
the
value
of
these
securities
totaled
$764
or
0.03%
of
net
assets.
(f)
The
value
of
these
investments
was
determined
using
significant
unobservable
inputs,
in
good
faith
by
the
Manager,
under
procedures
established
and
periodically
reviewed
by
the
Board
of
Directors.
Portfolio
Summary
Sector
Percent
Financial
21
.48
%
Consumer,
Non-cyclical
19
.94
%
Technology
13
.84
%
Industrial
11
.64
%
Energy
9
.53
%
Consumer,
Cyclical
8
.93
%
Utilities
4
.54
%
Communications
4
.39
%
Basic
Materials
3
.00
%
Money
Market
Funds
2
.52
%
Exchange-Traded
Funds
0
.35
%
Other
Assets
and
Liabilities
(
0
.16
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
57,090
$
363,086
$
344,460
$
75,716
$
57,090
$
363,086
$
344,460
$
75,716
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
824
$
—
$
—
$
—
$
824
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
S&P
500
Emini;
March
2024
Long
91
$
22,161
$
381
Total
$
381
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
MidCap
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
161
INVESTMENT
COMPANIES
-
0
.21
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
0
.21
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
5.21%
(a),(b)
5,025,082
$
5,025
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(a),(b),(c)
40,494,102
40,494
$
45,519
TOTAL
INVESTMENT
COMPANIES
$
45,519
COMMON
STOCKS
-
99
.96
%
Shares
Held
Value
(000's)
Aerospace
&
Defense
-
10
.01
%
HEICO
Corp
-
Class
A
6,723,320
$
951,148
TransDigm
Group
Inc
1,143,529
1,249,511
$
2,200,659
Beverages
-
0
.45
%
Brown-Forman
Corp
-
A
Shares
(d)
7,199
406
Brown-Forman
Corp
-
B
Shares
1,807,034
99,206
$
99,612
Building
Materials
-
5
.13
%
Martin
Marietta
Materials
Inc
642,414
326,616
Summit
Materials
Inc
(e)
2,414,956
87,373
Vulcan
Materials
Co
3,157,417
713,608
$
1,127,597
Chemicals
-
0
.57
%
Perimeter
Solutions
SA
(c),(e)
7,975,046
37,802
Perimeter
Solutions
SA
-
Warrants
(e)
2,883,826
—
Sherwin-Williams
Co/The
284,976
86,741
$
124,543
Commercial
Services
-
8
.15
%
CoStar
Group
Inc
(e)
10,837,779
904,738
Gartner
Inc
(e)
1,082,173
495,029
Moody's
Corp
486,856
190,867
Verisk
Analytics
Inc
833,282
201,263
$
1,791,897
Distribution
&
Wholesale
-
6
.55
%
Copart
Inc
(e)
22,708,539
1,090,918
Fastenal
Co
5,111,338
348,747
$
1,439,665
Diversified
Financial
Services
-
1
.56
%
Ares
Management
Corp
1,148,602
139,532
Brookfield
Asset
Management
Ltd
(d)
4,912,417
197,430
Brookfield
Reinsurance
Ltd
(d)
156,328
6,170
$
343,132
Electric
-
3
.46
%
Brookfield
Infrastructure
Partners
LP
17,278,353
542,368
Brookfield
Renewable
Corp
2,173,317
60,679
Brookfield
Renewable
Partners
LP
6,063,106
157,701
$
760,748
Electronics
-
1
.01
%
Mettler-Toledo
International
Inc
(e)
185,076
221,571
Entertainment
-
3
.34
%
Atlanta
Braves
Holdings
Inc
-
C
shares
(e)
121,169
4,884
Liberty
Media
Corp-Liberty
Live
-
A
Shares
(e)
21,874
806
Liberty
Media
Corp-Liberty
Live
-
C
Shares
(e)
157,552
5,872
Live
Nation
Entertainment
Inc
(e)
5,212,666
463,146
Vail
Resorts
Inc
1,168,015
259,299
$
734,007
Healthcare
-
Products
-
2
.25
%
Agilent
Technologies
Inc
1,788,340
232,663
Enovis
Corp
(e)
473,967
27,822
IDEXX
Laboratories
Inc
(e)
322,752
166,243
Waters
Corp
(e)
210,358
66,833
$
493,561
Home
Builders
-
2
.16
%
Lennar
Corp
-
A
Shares
1,237,433
185,429
Lennar
Corp
-
B
Shares
38,636
5,361
NVR
Inc
(e)
40,128
283,917
$
474,707
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Insurance
-
10
.29
%
Aon
PLC
491,335
$
146,629
Arch
Capital
Group
Ltd
(e)
4,389,050
361,790
Brown
&
Brown
Inc
9,201,175
713,643
F&G
Annuities
&
Life
Inc
62,698
2,811
Fidelity
National
Financial
Inc
19,343
968
Markel
Group
Inc
(e)
415,141
621,645
Progressive
Corp/The
2,321,601
413,825
$
2,261,311
Internet
-
1
.91
%
VeriSign
Inc
(e)
1,662,970
330,731
Wix.com
Ltd
(e)
706,664
89,662
$
420,393
Lodging
-
5
.32
%
Hilton
Worldwide
Holdings
Inc
5,002,385
955,256
Hyatt
Hotels
Corp
1,666,848
213,973
$
1,169,229
Machinery
-
Diversified
-
0
.17
%
Cognex
Corp
964,581
34,860
Esab
Corp
20,468
1,760
$
36,620
Media
-
1
.27
%
Liberty
Broadband
Corp
-
A
Shares
(e)
26,784
2,084
Liberty
Broadband
Corp
-
C
Shares
(e)
28,984
2,274
Liberty
Media
Corp-Liberty
Formula
One
-
A
Shares
(e)
508,165
31,044
Liberty
Media
Corp-Liberty
Formula
One
-
C
Shares
(e)
3,626,807
243,903
$
279,305
Private
Equity
-
9
.54
%
Brookfield
Corp
27,868,154
1,105,808
KKR
&
Co
Inc
11,435,690
990,102
$
2,095,910
Real
Estate
-
2
.34
%
CBRE
Group
Inc
(e)
4,909,111
423,706
Howard
Hughes
Holdings
Inc
(e)
1,115,701
89,345
$
513,051
REITs
-
1
.92
%
SBA
Communications
Corp
1,884,173
421,791
Retail
-
9
.38
%
CarMax
Inc
(e)
6,177,258
439,697
Domino's
Pizza
Inc
1,184,081
504,679
Floor
&
Decor
Holdings
Inc
(e)
40,848
4,108
O'Reilly
Automotive
Inc
(e)
994,061
1,016,974
Ross
Stores
Inc
682,316
95,715
$
2,061,173
Semiconductors
-
1
.67
%
Microchip
Technology
Inc
4,317,011
367,723
Software
-
11
.51
%
ANSYS
Inc
(e)
361,397
118,477
Autodesk
Inc
(e)
1,424,152
361,464
Constellation
Software
Inc/Canada
166,239
461,973
Constellation
Software
Inc/Canada
-
Warrants
(e),(f)
143,533
—
Fair
Isaac
Corp
(e)
192,801
231,136
Lumine
Group
Inc
(e)
329,031
7,755
MSCI
Inc
544,747
326,096
Roper
Technologies
Inc
1,207,491
648,423
Tyler
Technologies
Inc
(e)
882,933
373,260
$
2,528,584
TOTAL
COMMON
STOCKS
$
21,966,789
Total
Investments
$
22,012,308
Other
Assets
and
Liabilities
- (0.17)%
(
36,710
)
TOTAL
NET
ASSETS
-
100.00%
$
21,975,598
Schedule
of
Investments
MidCap
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
162
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$20,785
or
0.09%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Security
or
a
portion
of
the
security
was
on
loan. At
the
end
of
the
period,
the
value
of
these
securities
totaled
$19,934
or
0.09%
of
net
assets.
(e)
Non-income
producing
security
(f)
The
value
of
these
investments
was
determined
using
significant
unobservable
inputs,
in
good
faith
by
the
Manager,
under
procedures
established
and
periodically
reviewed
by
the
Board
of
Directors.
Portfolio
Summary
Sector
Percent
Consumer,
Cyclical
26
.75
%
Financial
25
.65
%
Industrial
16
.32
%
Technology
13
.18
%
Consumer,
Non-cyclical
10
.85
%
Utilities
3
.46
%
Communications
3
.18
%
Basic
Materials
0
.57
%
Money
Market
Funds
0
.21
%
Other
Assets
and
Liabilities
(
0
.17
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Perimeter
Solutions
SA
$
25,667
$
—
$
209
$
37,802
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
157
431,096
390,759
40,494
$
25,824
$
431,096
$
390,968
$
78,296
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Perimeter
Solutions
SA
$
—
$
(
434
)
$
—
$
12,778
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
294
—
—
—
$
294
$
(
434
)
$
—
$
12,778
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
MidCap
Growth
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
163
INVESTMENT
COMPANIES
-
2
.70
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
2
.70
%
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(a),(b)
5,802,216
$
5,802
TOTAL
INVESTMENT
COMPANIES
$
5,802
COMMON
STOCKS
-
96
.63
%
Shares
Held
Value
(000's)
Advertising
-
1
.34
%
Trade
Desk
Inc/The
(c)
41,965
$
2,872
Aerospace
&
Defense
-
1
.74
%
Howmet
Aerospace
Inc
66,594
3,747
Apparel
-
1
.50
%
Deckers
Outdoor
Corp
(c)
2,885
2,175
On
Holding
AG
(c)
39,243
1,042
$
3,217
Building
Materials
-
3
.63
%
Builders
FirstSource
Inc
(c)
15,889
2,761
Vulcan
Materials
Co
22,283
5,036
$
7,797
Commercial
Services
-
5
.31
%
Cintas
Corp
6,163
3,726
Global
Payments
Inc
41,383
5,513
Verisk
Analytics
Inc
8,984
2,170
$
11,409
Computers
-
5
.77
%
Globant
SA
(c)
14,024
3,307
Western
Digital
Corp
(c)
63,385
3,629
Zscaler
Inc
(c)
23,137
5,452
$
12,388
Cosmetics
&
Personal
Care
-
1
.07
%
Coty
Inc
(c)
189,468
2,289
Distribution
&
Wholesale
-
1
.35
%
Copart
Inc
(c)
60,150
2,890
Diversified
Financial
Services
-
8
.48
%
Ameriprise
Financial
Inc
7,167
2,773
Apollo
Global
Management
Inc
69,390
6,967
Interactive
Brokers
Group
Inc
-
A
Shares
47,619
4,226
Tradeweb
Markets
Inc
44,558
4,250
$
18,216
Entertainment
-
2
.07
%
DraftKings
Inc
(c)
113,659
4,438
Hand
&
Machine
Tools
-
1
.47
%
Stanley
Black
&
Decker
Inc
33,861
3,159
Healthcare
-
Products
-
6
.48
%
Avantor
Inc
(c)
187,025
4,300
Natera
Inc
(c)
78,466
5,174
Repligen
Corp
(c)
23,396
4,431
$
13,905
Healthcare
-
Services
-
3
.65
%
Centene
Corp
(c)
54,478
4,103
Charles
River
Laboratories
International
Inc
(c)
17,271
3,735
$
7,838
Home
Builders
-
1
.51
%
DR
Horton
Inc
22,766
3,253
Insurance
-
2
.68
%
W
R
Berkley
Corp
70,341
5,760
Internet
-
5
.04
%
DoorDash
Inc
-
Class
A
(c)
40,805
4,252
Pinterest
Inc
(c)
109,434
4,100
Spotify
Technology
SA
(c)
11,496
2,476
$
10,828
Oil
&
Gas
-
3
.17
%
Matador
Resources
Co
46,267
2,539
Southwestern
Energy
Co
(c)
660,571
4,261
$
6,800
Oil
&
Gas
Services
-
0
.97
%
TechnipFMC
PLC
107,916
2,087
Pharmaceuticals
-
2
.93
%
Dexcom
Inc
(c)
51,897
6,298
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Private
Equity
-
3
.11
%
KKR
&
Co
Inc
77,049
$
6,671
Real
Estate
-
0
.97
%
Jones
Lang
LaSalle
Inc
(c)
11,753
2,081
Retail
-
4
.63
%
Domino's
Pizza
Inc
12,626
5,381
Ross
Stores
Inc
32,477
4,556
$
9,937
Semiconductors
-
9
.08
%
Entegris
Inc
25,488
3,000
MACOM
Technology
Solutions
Holdings
Inc
(c)
26,257
2,264
Marvell
Technology
Inc
92,357
6,252
Monolithic
Power
Systems
Inc
5,759
3,471
Rambus
Inc
(c)
65,691
4,502
$
19,489
Software
-
16
.85
%
Datadog
Inc
(c)
19,630
2,443
HubSpot
Inc
(c)
7,361
4,497
Manhattan
Associates
Inc
(c)
21,549
5,227
MongoDB
Inc
(c)
13,577
5,438
Samsara
Inc
(c)
81,748
2,567
Snowflake
Inc
-
Class
A
(c)
23,197
4,538
Synopsys
Inc
(c)
10,319
5,504
Take-Two
Interactive
Software
Inc
(c)
17,650
2,911
Veeva
Systems
Inc
(c)
14,744
3,058
$
36,183
Transportation
-
1
.83
%
Old
Dominion
Freight
Line
Inc
10,079
3,941
TOTAL
COMMON
STOCKS
$
207,493
Total
Investments
$
213,295
Other
Assets
and
Liabilities
- 0.67%
1,440
TOTAL
NET
ASSETS
-
100.00%
$
214,735
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
1-day
yield
shown
is
as
of
period
end.
(c)
Non-income
producing
security
Portfolio
Summary
Sector
Percent
Technology
31
.70
%
Consumer,
Non-cyclical
19
.44
%
Financial
15
.24
%
Consumer,
Cyclical
11
.06
%
Industrial
8
.67
%
Communications
6
.38
%
Energy
4
.14
%
Money
Market
Funds
2
.70
%
Other
Assets
and
Liabilities
0
.67
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
MidCap
Growth
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
164
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
4,345
$
37,807
$
36,350
$
5,802
$
4,345
$
37,807
$
36,350
$
5,802
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
56
$
—
$
—
$
—
$
56
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
MidCap
Growth
Fund
III
January
31,
2024
(unaudited)
See
accompanying
notes.
165
INVESTMENT
COMPANIES
-
1
.77
%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0
.28
%
iShares
Russell
Mid-Cap
Growth
ETF
(a)
34,000
$
3,531
Money
Market
Funds
-
1
.49
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
5.21%
(b),(c)
3,510,765
3,510
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(b),(d)
15,100,561
15,101
$
18,611
TOTAL
INVESTMENT
COMPANIES
$
22,142
COMMON
STOCKS
-
98
.59
%
Shares
Held
Value
(000's)
Advertising
-
0
.63
%
Trade
Desk
Inc/The
(e)
114,266
$
7,819
Aerospace
&
Defense
-
1
.43
%
HEICO
Corp
75,201
13,506
HEICO
Corp
-
Class
A
4,054
573
Spirit
AeroSystems
Holdings
Inc
(e)
600
16
TransDigm
Group
Inc
3,471
3,793
$
17,888
Airlines
-
0
.02
%
American
Airlines
Group
Inc
(e)
13,376
190
Delta
Air
Lines
Inc
1,814
71
$
261
Apparel
-
0
.12
%
Birkenstock
Holding
Plc
(a),(e)
509
24
Crocs
Inc
(e)
3,376
343
Deckers
Outdoor
Corp
(e)
1,455
1,097
Skechers
USA
Inc
(e)
522
32
Tapestry
Inc
808
31
$
1,527
Automobile
Parts
&
Equipment
-
0
.44
%
Allison
Transmission
Holdings
Inc
521
32
Aptiv
PLC
(e)
67,101
5,457
$
5,489
Banks
-
0
.07
%
First
Citizens
BancShares
Inc/NC
66
99
NU
Holdings
Ltd/Cayman
Islands
(e)
88,932
766
$
865
Beverages
-
1
.76
%
Boston
Beer
Co
Inc/The
(e)
22,454
7,843
Brown-Forman
Corp
-
A
Shares
(a)
2,153
121
Brown-Forman
Corp
-
B
Shares
8,108
445
Celsius
Holdings
Inc
(e)
143,449
7,158
Monster
Beverage
Corp
(e)
117,586
6,470
$
22,037
Biotechnology
-
1
.59
%
Alnylam
Pharmaceuticals
Inc
(e)
21,366
3,694
Apellis
Pharmaceuticals
Inc
(e)
56,977
3,606
BioMarin
Pharmaceutical
Inc
(e)
44,558
3,924
Certara
Inc
(e)
2,391
39
Corteva
Inc
88,403
4,021
Exelixis
Inc
(e)
12,882
280
Illumina
Inc
(e)
2,614
374
Incyte
Corp
(e)
7,554
444
Ionis
Pharmaceuticals
Inc
(e)
6,805
350
Karuna
Therapeutics
Inc
(e)
1,761
552
Maravai
LifeSciences
Holdings
Inc
(e)
3,536
21
Roivant
Sciences
Ltd
(e)
18,705
187
Sarepta
Therapeutics
Inc
(e)
17,982
2,140
Ultragenyx
Pharmaceutical
Inc
(e)
4,360
192
$
19,824
Building
Materials
-
2
.36
%
Armstrong
World
Industries
Inc
708
70
Eagle
Materials
Inc
1,259
285
Fortune
Brands
Innovations
Inc
72,579
5,632
Martin
Marietta
Materials
Inc
19,337
9,831
Trane
Technologies
PLC
3,730
940
Trex
Co
Inc
(e)
151,382
12,335
Vulcan
Materials
Co
1,615
365
$
29,458
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Chemicals
-
0
.06
%
Axalta
Coating
Systems
Ltd
(e)
1,352
$
44
FMC
Corp
1,030
58
PPG
Industries
Inc
3,270
461
RPM
International
Inc
1,344
144
Valvoline
Inc
(e)
2,008
73
$
780
Commercial
Services
-
9
.77
%
Avis
Budget
Group
Inc
377
62
Block
Inc
(e)
11,206
728
Booz
Allen
Hamilton
Holding
Corp
64,785
9,120
Bright
Horizons
Family
Solutions
Inc
(e)
392
38
Cintas
Corp
18,781
11,355
CoStar
Group
Inc
(e)
196,058
16,367
Equifax
Inc
48,546
11,861
Euronet
Worldwide
Inc
(e)
1,312
131
FleetCor
Technologies
Inc
(e)
13,532
3,923
FTI
Consulting
Inc
(e)
338
65
Gartner
Inc
(e)
19,059
8,718
Global
Payments
Inc
46,092
6,141
Grand
Canyon
Education
Inc
(e)
457
60
GXO
Logistics
Inc
(e)
137,776
7,492
H&R
Block
Inc
5,241
245
MarketAxess
Holdings
Inc
52,820
11,911
Moody's
Corp
20,467
8,024
Morningstar
Inc
1,423
397
Paylocity
Holding
Corp
(e)
2,330
369
Quanta
Services
Inc
15,613
3,030
RB
Global
Inc
161,128
10,308
Rollins
Inc
14,176
614
Service
Corp
International/US
2,964
199
Shift4
Payments
Inc
(e)
2,975
214
Toast
Inc
(e)
19,671
349
U-Haul
Holding
Co
2,142
137
U-Haul
Holding
Co
(e)
130
9
United
Rentals
Inc
12,591
7,875
Verisk
Analytics
Inc
7,926
1,914
WEX
Inc
(e)
1,083
221
WillScot
Mobile
Mini
Holdings
Corp
(e)
2,680
127
$
122,004
Computers
-
3
.97
%
Crowdstrike
Holdings
Inc
(e)
60,863
17,803
EPAM
Systems
Inc
(e)
33,436
9,299
Genpact
Ltd
2,442
88
Globant
SA
(e)
66,729
15,735
HP
Inc
9,792
281
KBR
Inc
2,702
141
NetApp
Inc
4,657
406
Pure
Storage
Inc
(e)
116,370
4,653
Zscaler
Inc
(e)
4,914
1,158
$
49,564
Consumer
Products
-
0
.20
%
Avery
Dennison
Corp
1,470
293
Church
&
Dwight
Co
Inc
12,159
1,214
Clorox
Co/The
6,869
998
$
2,505
Distribution
&
Wholesale
-
6
.10
%
Copart
Inc
(e)
355,867
17,096
Fastenal
Co
188,367
12,852
Ferguson
PLC
45,984
8,639
Pool
Corp
36,114
13,407
SiteOne
Landscape
Supply
Inc
(e)
797
123
Watsco
Inc
31,709
12,398
WW
Grainger
Inc
13,070
11,706
$
76,221
Diversified
Financial
Services
-
1
.66
%
Ameriprise
Financial
Inc
5,702
2,206
Apollo
Global
Management
Inc
28,992
2,911
Ares
Management
Corp
42,663
5,183
Blue
Owl
Capital
Inc
3,773
58
Schedule
of
Investments
MidCap
Growth
Fund
III
January
31,
2024
(unaudited)
See
accompanying
notes.
166
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Diversified
Financial
Services
(continued)
Houlihan
Lokey
Inc
209
$
25
LPL
Financial
Holdings
Inc
41,150
9,843
Rocket
Cos
Inc
(e)
2,332
29
SLM
Corp
4,912
98
TPG
Inc
1,029
43
Tradeweb
Markets
Inc
2,208
210
UWM
Holdings
Corp
(a)
1,849
12
Western
Union
Co/The
3,120
39
XP
Inc
1,484
36
$
20,693
Electric
-
0
.05
%
AES
Corp/The
22,667
378
Vistra
Corp
5,869
241
$
619
Electrical
Components
&
Equipment
-
0
.02
%
ChargePoint
Holdings
Inc
(a),(e)
17,053
32
Universal
Display
Corp
1,169
199
$
231
Electronics
-
0
.41
%
Allegion
plc
4,506
558
Amphenol
Corp
16,298
1,648
Hubbell
Inc
1,352
454
Jabil
Inc
4,349
545
Keysight
Technologies
Inc
(e)
2,520
386
Mettler-Toledo
International
Inc
(e)
1,211
1,450
Vontier
Corp
2,924
101
$
5,142
Energy
-
Alternate
Sources
-
0
.06
%
Enphase
Energy
Inc
(e)
7,392
770
Engineering
&
Construction
-
0
.02
%
EMCOR
Group
Inc
889
203
TopBuild
Corp
(e)
110
40
$
243
Entertainment
-
1
.68
%
Caesars
Entertainment
Inc
(e)
4,669
205
Churchill
Downs
Inc
58,629
7,092
DraftKings
Inc
(e)
224,581
8,770
Live
Nation
Entertainment
Inc
(e)
1,960
174
TKO
Group
Holdings
Inc
3,366
282
Vail
Resorts
Inc
20,257
4,497
$
21,020
Environmental
Control
-
0
.96
%
Tetra
Tech
Inc
529
84
Waste
Connections
Inc
76,379
11,858
$
11,942
Food
-
0
.80
%
Albertsons
Cos
Inc
1,992
42
Lamb
Weston
Holdings
Inc
94,216
9,652
Performance
Food
Group
Co
(e)
3,994
290
$
9,984
Hand
&
Machine
Tools
-
0
.50
%
Lincoln
Electric
Holdings
Inc
27,760
6,169
MSA
Safety
Inc
341
56
$
6,225
Healthcare
-
Products
-
9
.65
%
10X
Genomics
Inc
(e)
47,943
1,998
Agilent
Technologies
Inc
13,201
1,717
Align
Technology
Inc
(e)
56,204
15,024
Bio-Techne
Corp
125,395
8,818
Bruker
Corp
5,893
421
Exact
Sciences
Corp
(e)
3,436
225
Globus
Medical
Inc
(e)
1,866
98
IDEXX
Laboratories
Inc
(e)
52,671
27,130
Inspire
Medical
Systems
Inc
(e)
1,593
336
Insulet
Corp
(e)
53,249
10,163
Masimo
Corp
(e)
2,394
309
Natera
Inc
(e)
5,969
394
Novocure
Ltd
(e)
5,811
81
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Healthcare
-
Products
(continued)
Penumbra
Inc
(e)
44,645
$
11,259
Repligen
Corp
(e)
79,468
15,051
ResMed
Inc
67,286
12,798
Shockwave
Medical
Inc
(e)
19,022
4,304
Tandem
Diabetes
Care
Inc
(e)
485
11
Waters
Corp
(e)
3,254
1,034
West
Pharmaceutical
Services
Inc
25,127
9,373
$
120,544
Healthcare
-
Services
-
2
.38
%
agilon
health
Inc
(e)
14,365
85
Chemed
Corp
6,145
3,643
DaVita
Inc
(e)
2,996
324
Encompass
Health
Corp
375
27
Ginkgo
Bioworks
Holdings
Inc
(a),(e)
6,180
7
ICON
PLC
(e)
52,937
13,809
IQVIA
Holdings
Inc
(e)
40,551
8,444
Medpace
Holdings
Inc
(e)
9,329
2,720
Molina
Healthcare
Inc
(e)
1,745
622
Sotera
Health
Co
(e)
3,846
57
$
29,738
Home
Builders
-
0
.54
%
DR
Horton
Inc
46,117
6,591
NVR
Inc
(e)
14
99
$
6,690
Home
Furnishings
-
0
.01
%
Tempur
Sealy
International
Inc
1,877
94
Housewares
-
0
.01
%
Scotts
Miracle-Gro
Co/The
2,288
129
Insurance
-
1
.04
%
Arch
Capital
Group
Ltd
(e)
2,798
231
Arthur
J
Gallagher
&
Co
660
153
Brighthouse
Financial
Inc
(e)
369
19
Brown
&
Brown
Inc
5,132
398
Equitable
Holdings
Inc
19,207
628
Everest
Group
Ltd
324
125
Kinsale
Capital
Group
Inc
26,212
10,421
Lincoln
National
Corp
875
24
Primerica
Inc
1,278
299
RenaissanceRe
Holdings
Ltd
740
169
RLI
Corp
489
67
Ryan
Specialty
Holdings
Inc
(e)
5,269
228
Willis
Towers
Watson
PLC
713
176
$
12,938
Internet
-
3
.00
%
CDW
Corp/DE
67,292
15,256
Coupang
Inc
(e)
60,876
852
DoorDash
Inc
-
Class
A
(e)
13,308
1,387
eBay
Inc
1,836
76
Etsy
Inc
(e)
3,820
254
Expedia
Group
Inc
(e)
5,590
829
Gen
Digital
Inc
4,804
113
GoDaddy
Inc
(e)
4,940
527
Lyft
Inc
(e)
19,054
238
Maplebear
Inc
(a),(e)
873
21
Match
Group
Inc
(e)
141,822
5,443
Okta
Inc
(e)
548
45
Palo
Alto
Networks
Inc
(e)
27,639
9,356
Pinterest
Inc
(e)
32,518
1,219
Roku
Inc
(e)
845
75
Spotify
Technology
SA
(e)
7,787
1,677
VeriSign
Inc
(e)
258
51
Wayfair
Inc
(e)
1,595
80
$
37,499
Leisure
Products
&
Services
-
0
.94
%
Brunswick
Corp/DE
335
27
Norwegian
Cruise
Line
Holdings
Ltd
(e)
5,652
100
Peloton
Interactive
Inc
(e)
18,655
104
Planet
Fitness
Inc
(e)
78,226
5,301
Schedule
of
Investments
MidCap
Growth
Fund
III
January
31,
2024
(unaudited)
See
accompanying
notes.
167
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Leisure
Products
&
Services
(continued)
Polaris
Inc
264
$
24
Royal
Caribbean
Cruises
Ltd
(e)
47,288
6,029
YETI
Holdings
Inc
(e)
4,807
211
$
11,796
Lodging
-
0
.55
%
Choice
Hotels
International
Inc
1,657
201
Hilton
Worldwide
Holdings
Inc
6,339
1,211
Hyatt
Hotels
Corp
41,071
5,272
Travel
+
Leisure
Co
1,768
71
Wyndham
Hotels
&
Resorts
Inc
344
27
Wynn
Resorts
Ltd
349
33
$
6,815
Machinery
-
Construction
&
Mining
-
0
.46
%
BWX
Technologies
Inc
862
70
Vertiv
Holdings
Co
101,543
5,720
$
5,790
Machinery
-
Diversified
-
3
.73
%
Cognex
Corp
85,616
3,094
Graco
Inc
124,704
10,637
IDEX
Corp
48,580
10,275
Ingersoll
Rand
Inc
113,830
9,090
Otis
Worldwide
Corp
1,357
120
Rockwell
Automation
Inc
6,383
1,617
Toro
Co/The
5,778
534
Westinghouse
Air
Brake
Technologies
Corp
83,954
11,046
Xylem
Inc/NY
1,564
176
$
46,589
Media
-
0
.10
%
Cable
One
Inc
18
10
FactSet
Research
Systems
Inc
2,127
1,012
Liberty
Broadband
Corp
-
A
Shares
(e)
190
15
Liberty
Broadband
Corp
-
C
Shares
(e)
1,340
105
Nexstar
Media
Group
Inc
633
113
$
1,255
Metal
Fabrication
&
Hardware
-
0
.91
%
Advanced
Drainage
Systems
Inc
3,783
493
RBC
Bearings
Inc
(e)
40,506
10,878
Valmont
Industries
Inc
77
17
$
11,388
Miscellaneous
Manufacturers
-
0
.57
%
A
O
Smith
Corp
716
55
Axon
Enterprise
Inc
(e)
27,832
6,932
Donaldson
Co
Inc
2,786
180
$
7,167
Office
&
Business
Equipment
-
0
.21
%
Zebra
Technologies
Corp
(e)
11,108
2,661
Oil
&
Gas
-
1
.39
%
Antero
Resources
Corp
(e)
154,725
3,457
APA
Corp
15,082
472
Diamondback
Energy
Inc
74,636
11,474
Hess
Corp
8,616
1,211
Ovintiv
Inc
6,311
268
Texas
Pacific
Land
Corp
342
500
$
17,382
Oil
&
Gas
Services
-
1
.24
%
Baker
Hughes
Co
348,255
9,925
Halliburton
Co
154,415
5,505
$
15,430
Packaging
&
Containers
-
0
.03
%
Ardagh
Metal
Packaging
SA
8,026
30
Graphic
Packaging
Holding
Co
9,041
231
Sealed
Air
Corp
4,410
152
$
413
Pharmaceuticals
-
4
.46
%
Cardinal
Health
Inc
7,016
766
Cencora
Inc
50,690
11,794
Dexcom
Inc
(e)
262,290
31,829
Jazz
Pharmaceuticals
PLC
(e)
1,753
215
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Pharmaceuticals
(continued)
Neurocrine
Biosciences
Inc
(e)
49,552
$
6,926
Zoetis
Inc
22,139
4,158
$
55,688
Pipelines
-
0
.28
%
Antero
Midstream
Corp
6,254
77
Cheniere
Energy
Inc
13,317
2,184
New
Fortress
Energy
Inc
3,591
119
ONEOK
Inc
1,773
121
Targa
Resources
Corp
12,280
1,043
$
3,544
Private
Equity
-
0
.06
%
KKR
&
Co
Inc
9,066
785
REITs
-
1
.00
%
EastGroup
Properties
Inc
22,238
3,946
Equity
LifeStyle
Properties
Inc
3,222
218
Iron
Mountain
Inc
7,960
538
Lamar
Advertising
Co
3,718
389
SBA
Communications
Corp
29,530
6,610
Simon
Property
Group
Inc
3,927
544
Sun
Communities
Inc
1,485
186
UDR
Inc
1,015
37
$
12,468
Retail
-
7
.79
%
AutoZone
Inc
(e)
1,589
4,389
Best
Buy
Co
Inc
1,485
108
BJ's
Wholesale
Club
Holdings
Inc
(e)
81,787
5,262
Burlington
Stores
Inc
(e)
31,736
6,066
CarMax
Inc
(e)
487
35
Casey's
General
Stores
Inc
21,335
5,790
Cava
Group
Inc
(e)
696
33
Chipotle
Mexican
Grill
Inc
(e)
2,704
6,513
Darden
Restaurants
Inc
3,128
508
Dick's
Sporting
Goods
Inc
242
36
Dollar
Tree
Inc
(e)
71,981
9,402
Domino's
Pizza
Inc
1,936
825
Five
Below
Inc
(e)
62,755
11,262
Floor
&
Decor
Holdings
Inc
(e)
104,616
10,520
Freshpet
Inc
(e)
39,727
3,421
Lululemon
Athletica
Inc
(e)
12,276
5,571
Murphy
USA
Inc
1,019
359
Ollie's
Bargain
Outlet
Holdings
Inc
(e)
1,095
79
RH
(e)
138
35
Ross
Stores
Inc
100,522
14,101
Texas
Roadhouse
Inc
3,709
466
Tractor
Supply
Co
6,082
1,366
Ulta
Beauty
Inc
(e)
17,135
8,603
Victoria's
Secret
&
Co
(e)
1,910
50
Wendy's
Co/The
9,474
181
Williams-Sonoma
Inc
452
87
Wingstop
Inc
1,657
466
Yum!
Brands
Inc
13,678
1,771
$
97,305
Semiconductors
-
3
.79
%
Allegro
MicroSystems
Inc
(e)
4,165
108
Entegris
Inc
88,593
10,428
Lattice
Semiconductor
Corp
(e)
124,161
7,556
Marvell
Technology
Inc
110,809
7,502
Microchip
Technology
Inc
21,310
1,815
Monolithic
Power
Systems
Inc
31,811
19,173
Teradyne
Inc
7,131
689
$
47,271
Software
-
17
.63
%
Alteryx
Inc
(e)
3,395
161
ANSYS
Inc
(e)
36,101
11,835
AppLovin
Corp
(e)
3,002
124
Bentley
Systems
Inc
149,832
7,552
BILL
Holdings
Inc
(e)
48,342
3,773
Broadridge
Financial
Solutions
Inc
64,458
13,163
Schedule
of
Investments
MidCap
Growth
Fund
III
January
31,
2024
(unaudited)
See
accompanying
notes.
168
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Software
(continued)
Cloudflare
Inc
(e)
16,145
$
1,276
Confluent
Inc
(e)
10,273
230
Datadog
Inc
(e)
49,103
6,110
Dayforce
Inc
(a),(e)
707
49
Descartes
Systems
Group
Inc/The
(e)
69,319
6,072
DocuSign
Inc
(e)
11,234
684
DoubleVerify
Holdings
Inc
(e)
7,631
305
Doximity
Inc
(e)
2,896
78
Dropbox
Inc
-
A
Shares
(e)
12,744
404
Dynatrace
Inc
(e)
203,890
11,622
Elastic
NV
(e)
4,403
515
Fair
Isaac
Corp
(e)
4,992
5,984
Five9
Inc
(e)
45,672
3,465
Gitlab
Inc
(e)
4,866
346
HashiCorp
Inc
(e)
3,688
81
HubSpot
Inc
(e)
10,319
6,305
Informatica
Inc
(e)
151
5
Jack
Henry
&
Associates
Inc
52,633
8,728
Manhattan
Associates
Inc
(e)
3,419
829
MongoDB
Inc
(e)
3,712
1,487
MSCI
Inc
38,458
23,022
nCino
Inc
(e)
272
9
Nutanix
Inc
(e)
3,246
182
Palantir
Technologies
Inc
(e)
105,851
1,703
Paychex
Inc
17,906
2,180
Paycom
Software
Inc
53,249
10,129
Paycor
HCM
Inc
(e)
1,679
33
Pegasystems
Inc
2,330
114
Playtika
Holding
Corp
(e)
862
6
Procore
Technologies
Inc
(e)
4,417
315
PTC
Inc
(e)
131,200
23,702
RingCentral
Inc
(e)
4,732
160
ROBLOX
Corp
(e)
25,794
1,001
SentinelOne
Inc
(e)
1,732
46
Smartsheet
Inc
(e)
7,100
319
Splunk
Inc
(e)
8,638
1,325
Synopsys
Inc
(e)
27,245
14,531
Take-Two
Interactive
Software
Inc
(e)
25,260
4,166
Teradata
Corp
(e)
5,508
254
Twilio
Inc
(e)
1,549
109
Tyler
Technologies
Inc
(e)
47,223
19,964
UiPath
Inc
(e)
16,204
372
Unity
Software
Inc
(e)
161,957
5,247
Veeva
Systems
Inc
(e)
96,677
20,052
ZoomInfo
Technologies
Inc
(e)
8,631
138
$
220,262
Telecommunications
-
0
.34
%
Arista
Networks
Inc
(e)
15,383
3,979
Iridium
Communications
Inc
6,371
231
Ubiquiti
Inc
195
25
$
4,235
Transportation
-
1
.80
%
CH
Robinson
Worldwide
Inc
4,970
418
Expeditors
International
of
Washington
Inc
1,102
139
JB
Hunt
Transport
Services
Inc
47,337
9,514
Landstar
System
Inc
1,577
302
Old
Dominion
Freight
Line
Inc
30,835
12,057
Saia
Inc
(e)
162
73
$
22,503
TOTAL
COMMON
STOCKS
$
1,231,490
Total
Investments
$
1,253,632
Other
Assets
and
Liabilities
- (0.36)%
(
4,529
)
TOTAL
NET
ASSETS
-
100.00%
$
1,249,103
(a)
Security
or
a
portion
of
the
security
was
on
loan. At
the
end
of
the
period,
the
value
of
these
securities
totaled
$3,379
or
0.27%
of
net
assets.
(b)
1-day
yield
shown
is
as
of
period
end.
(c)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$3,510
or
0.28%
of
net
assets.
(d)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(e)
Non-income
producing
security
Portfolio
Summary
Sector
Percent
Consumer,
Non-cyclical
30
.61
%
Technology
25
.60
%
Consumer,
Cyclical
18
.20
%
Industrial
13
.20
%
Communications
4
.07
%
Financial
3
.83
%
Energy
2
.97
%
Money
Market
Funds
1
.49
%
Exchange-Traded
Funds
0
.28
%
Basic
Materials
0
.06
%
Utilities
0
.05
%
Other
Assets
and
Liabilities
(
0
.36
)
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
MidCap
Growth
Fund
III
January
31,
2024
(unaudited)
See
accompanying
notes.
169
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
17,712
$
99,072
$
101,683
$
15,101
$
17,712
$
99,072
$
101,683
$
15,101
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
339
$
—
$
—
$
—
$
339
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
S&P
Mid
400
Emini;
March
2024
Long
22
$
6,035
$
(
14
)
Total
$
(
14
)
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
MidCap
S&P
400
Index
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
170
INVESTMENT
COMPANIES
-
3
.17
%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0
.25
%
iShares
Core
S&P
Mid-Cap
ETF
13,100
$
3,568
Money
Market
Funds
-
2
.92
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
5.21%
(a),(b)
1,285,346
1,285
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(a),(b),(c)
39,728,996
39,729
$
41,014
TOTAL
INVESTMENT
COMPANIES
$
44,582
COMMON
STOCKS
-
97
.02
%
Shares
Held
Value
(000's)
Aerospace
&
Defense
-
0
.55
%
Curtiss-Wright
Corp
20,953
$
4,663
Hexcel
Corp
46,086
3,060
$
7,723
Agriculture
-
0
.27
%
Darling
Ingredients
Inc
(d)
87,413
3,785
Apparel
-
2
.15
%
Capri
Holdings
Ltd
(d)
63,680
3,104
Carter's
Inc
20,179
1,526
Columbia
Sportswear
Co
18,899
1,498
Crocs
Inc
(d)
33,188
3,368
Deckers
Outdoor
Corp
(d)
14,100
10,628
PVH
Corp
33,110
3,982
Skechers
USA
Inc
(d)
73,201
4,571
Under
Armour
Inc
-
Class
A
(d)
103,442
788
Under
Armour
Inc
-
Class
C
(d)
105,986
784
$
30,249
Automobile
Parts
&
Equipment
-
1
.43
%
Adient
PLC
(d)
51,317
1,781
Autoliv
Inc
41,037
4,396
Fox
Factory
Holding
Corp
(d)
23,221
1,464
Gentex
Corp
127,807
4,234
Goodyear
Tire
&
Rubber
Co/The
(d)
155,365
2,166
Lear
Corp
31,924
4,243
Visteon
Corp
(d)
15,239
1,757
$
20,041
Banks
-
5
.13
%
Associated
Banc-Corp
81,431
1,711
Bank
OZK
57,651
2,601
Cadence
Bank
100,088
2,664
Columbia
Banking
System
Inc
114,285
2,304
Commerce
Bancshares
Inc/MO
65,071
3,392
Cullen/Frost
Bankers
Inc
35,093
3,724
East
West
Bancorp
Inc
77,220
5,622
First
Financial
Bankshares
Inc
70,375
2,198
First
Horizon
Corp
306,170
4,360
FNB
Corp/PA
196,616
2,591
Glacier
Bancorp
Inc
60,754
2,349
Hancock
Whitney
Corp
47,204
2,129
Home
BancShares
Inc/AR
102,818
2,410
International
Bancshares
Corp
29,242
1,546
Old
National
Bancorp/IN
160,337
2,641
Pinnacle
Financial
Partners
Inc
42,066
3,718
Prosperity
Bancshares
Inc
51,349
3,282
SouthState
Corp
41,678
3,463
Synovus
Financial
Corp
80,130
3,018
Texas
Capital
Bancshares
Inc
(d)
26,311
1,605
UMB
Financial
Corp
23,931
1,974
United
Bankshares
Inc/WV
73,933
2,650
Valley
National
Bancorp
233,670
2,248
Webster
Financial
Corp
94,264
4,664
Wintrust
Financial
Corp
33,553
3,254
$
72,118
Beverages
-
0
.57
%
Boston
Beer
Co
Inc/The
(d)
5,157
1,801
Celsius
Holdings
Inc
(d)
81,243
4,054
Coca-Cola
Consolidated
Inc
2,568
2,212
$
8,067
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Biotechnology
-
0
.98
%
Arrowhead
Pharmaceuticals
Inc
(d)
67,038
$
2,152
Exelixis
Inc
(d)
170,396
3,708
Halozyme
Therapeutics
Inc
(d)
72,380
2,450
United
Therapeutics
Corp
(d)
25,716
5,523
$
13,833
Building
Materials
-
3
.13
%
Eagle
Materials
Inc
19,118
4,326
Fortune
Brands
Innovations
Inc
69,092
5,361
Knife
River
Corp
(d)
30,993
2,030
Lennox
International
Inc
17,527
7,504
Louisiana-Pacific
Corp
35,163
2,340
MDU
Resources
Group
Inc
111,580
2,177
Owens
Corning
48,699
7,379
Simpson
Manufacturing
Co
Inc
23,382
4,232
Trex
Co
Inc
(d)
59,503
4,848
UFP
Industries
Inc
33,869
3,843
$
44,040
Chemicals
-
2
.42
%
Arcadium
Lithium
PLC
(d)
561,922
2,748
Ashland
Inc
28,076
2,628
Avient
Corp
49,949
1,809
Axalta
Coating
Systems
Ltd
(d)
120,590
3,909
Cabot
Corp
30,271
2,183
Chemours
Co/The
81,334
2,454
NewMarket
Corp
3,784
2,111
Olin
Corp
67,151
3,497
RPM
International
Inc
70,589
7,529
Valvoline
Inc
(d)
75,978
2,772
Westlake
Corp
17,552
2,428
$
34,068
Commercial
Services
-
3
.58
%
Aramark
143,038
4,160
Avis
Budget
Group
Inc
10,123
1,657
Brink's
Co/The
24,686
1,996
Euronet
Worldwide
Inc
(d)
24,008
2,392
FTI
Consulting
Inc
(d)
19,458
3,728
Graham
Holdings
Co
1,963
1,414
Grand
Canyon
Education
Inc
(d)
16,196
2,115
GXO
Logistics
Inc
(d)
65,179
3,544
H&R
Block
Inc
78,866
3,694
Hertz
Global
Holdings
Inc
(d)
72,524
606
Insperity
Inc
19,407
2,226
ManpowerGroup
Inc
26,745
1,983
Morningstar
Inc
14,272
3,986
Paylocity
Holding
Corp
(d)
23,701
3,755
Progyny
Inc
(d)
45,685
1,740
R1
RCM
Inc
(d)
107,893
1,105
Service
Corp
International/US
80,956
5,434
WEX
Inc
(d)
23,417
4,786
$
50,321
Computers
-
3
.76
%
ASGN
Inc
(d)
25,863
2,400
CACI
International
Inc
(d)
12,208
4,196
Crane
NXT
Co
26,452
1,542
ExlService
Holdings
Inc
(d)
90,366
2,827
Genpact
Ltd
91,450
3,283
KBR
Inc
73,973
3,855
Kyndryl
Holdings
Inc
(d)
125,731
2,580
Lumentum
Holdings
Inc
(d)
36,712
2,017
Maximus
Inc
33,305
2,702
Pure
Storage
Inc
(d)
159,845
6,392
Qualys
Inc
(d)
20,156
3,813
Science
Applications
International
Corp
29,006
3,703
Super
Micro
Computer
Inc
(d)
25,415
13,460
$
52,770
Consumer
Products
-
0
.11
%
Helen
of
Troy
Ltd
(d)
13,010
1,490
Schedule
of
Investments
MidCap
S&P
400
Index
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
171
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Cosmetics
&
Personal
Care
-
0
.52
%
Coty
Inc
(d)
205,203
$
2,479
elf
Beauty
Inc
(d)
30,218
4,820
$
7,299
Distribution
&
Wholesale
-
1
.08
%
Core
&
Main
Inc
(d)
92,021
3,801
Watsco
Inc
18,557
7,255
WESCO
International
Inc
24,069
4,177
$
15,233
Diversified
Financial
Services
-
3
.15
%
Affiliated
Managers
Group
Inc
18,526
2,758
Ally
Financial
Inc
148,745
5,456
Evercore
Inc
-
Class
A
18,991
3,261
Federated
Hermes
Inc
47,258
1,652
Houlihan
Lokey
Inc
28,280
3,387
Interactive
Brokers
Group
Inc
-
A
Shares
58,636
5,204
Janus
Henderson
Group
PLC
72,615
2,088
Jefferies
Financial
Group
Inc
92,242
3,760
SEI
Investments
Co
54,797
3,465
SLM
Corp
123,982
2,465
Stifel
Financial
Corp
55,888
4,077
Voya
Financial
Inc
57,243
4,143
Western
Union
Co/The
199,647
2,510
$
44,226
Electric
-
1
.78
%
ALLETE
Inc
31,493
1,862
Black
Hills
Corp
37,254
1,928
IDACORP
Inc
27,733
2,567
Northwestern
Energy
Group
Inc
33,556
1,615
OGE
Energy
Corp
109,743
3,648
Ormat
Technologies
Inc
29,431
1,904
PNM
Resources
Inc
47,031
1,704
Portland
General
Electric
Co
55,409
2,268
Vistra
Corp
184,163
7,556
$
25,052
Electrical
Components
&
Equipment
-
1
.30
%
Acuity
Brands
Inc
16,959
4,039
Belden
Inc
22,840
1,694
EnerSys
22,138
2,116
Littelfuse
Inc
13,639
3,299
Novanta
Inc
(d)
19,621
3,033
Universal
Display
Corp
23,873
4,053
$
18,234
Electronics
-
2
.11
%
Arrow
Electronics
Inc
(d)
29,677
3,298
Avnet
Inc
49,581
2,246
Coherent
Corp
(d)
72,212
3,433
nVent
Electric
PLC
90,908
5,458
Sensata
Technologies
Holding
PLC
82,932
3,000
TD
SYNNEX
Corp
31,550
3,154
Vishay
Intertechnology
Inc
69,170
1,503
Vontier
Corp
84,561
2,925
Woodward
Inc
33,104
4,561
$
29,578
Energy
-
Alternate
Sources
-
0
.12
%
Sunrun
Inc
(d)
119,002
1,723
Engineering
&
Construction
-
2
.24
%
AECOM
76,012
6,703
Comfort
Systems
USA
Inc
19,569
4,256
EMCOR
Group
Inc
25,778
5,880
Exponent
Inc
27,737
2,446
Fluor
Corp
(d)
93,354
3,520
MasTec
Inc
(d)
33,120
2,175
TopBuild
Corp
(d)
17,410
6,427
$
31,407
Entertainment
-
1
.37
%
Churchill
Downs
Inc
37,194
4,499
Light
&
Wonder
Inc
(d)
49,341
3,966
Marriott
Vacations
Worldwide
Corp
18,100
1,519
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Entertainment
(continued)
Penn
Entertainment
Inc
(d)
83,153
$
1,875
TKO
Group
Holdings
Inc
32,875
2,751
Vail
Resorts
Inc
20,873
4,634
$
19,244
Environmental
Control
-
0
.83
%
Clean
Harbors
Inc
(d)
27,594
4,635
Stericycle
Inc
(d)
50,696
2,433
Tetra
Tech
Inc
29,176
4,615
$
11,683
Food
-
1
.96
%
Flowers
Foods
Inc
105,269
2,400
Grocery
Outlet
Holding
Corp
(d)
54,392
1,348
Ingredion
Inc
35,722
3,843
Lancaster
Colony
Corp
11,157
2,050
Performance
Food
Group
Co
(d)
85,259
6,197
Pilgrim's
Pride
Corp
(d)
22,056
599
Post
Holdings
Inc
(d)
27,841
2,586
Sprouts
Farmers
Market
Inc
(d)
55,648
2,803
US
Foods
Holding
Corp
(d)
123,933
5,702
$
27,528
Gas
-
0
.89
%
National
Fuel
Gas
Co
50,310
2,373
New
Jersey
Resources
Corp
53,457
2,183
ONE
Gas
Inc
30,385
1,865
Southwest
Gas
Holdings
Inc
32,916
1,931
Spire
Inc
28,823
1,636
UGI
Corp
114,781
2,541
$
12,529
Hand
&
Machine
Tools
-
1
.08
%
Lincoln
Electric
Holdings
Inc
31,342
6,965
MSA
Safety
Inc
20,248
3,341
Regal
Rexnord
Corp
36,354
4,852
$
15,158
Healthcare
-
Products
-
3
.09
%
Azenta
Inc
(d)
32,960
2,149
Bruker
Corp
50,815
3,634
Enovis
Corp
(d)
27,221
1,598
Envista
Holdings
Corp
(d)
93,916
2,207
Globus
Medical
Inc
(d)
63,213
3,337
Haemonetics
Corp
(d)
27,802
2,126
Inari
Medical
Inc
(d)
28,043
1,597
Integra
LifeSciences
Holdings
Corp
(d)
37,268
1,496
Lantheus
Holdings
Inc
(d)
37,526
1,949
LivaNova
PLC
(d)
29,523
1,437
Masimo
Corp
(d)
24,320
3,136
Neogen
Corp
(d)
107,857
1,672
Penumbra
Inc
(d)
21,148
5,333
QuidelOrtho
Corp
(d)
27,092
1,856
Repligen
Corp
(d)
28,451
5,388
Shockwave
Medical
Inc
(d)
20,217
4,574
$
43,489
Healthcare
-
Services
-
1
.94
%
Acadia
Healthcare
Co
Inc
(d)
50,527
4,150
Amedisys
Inc
(d)
17,880
1,686
Chemed
Corp
8,253
4,892
Encompass
Health
Corp
54,919
3,901
HealthEquity
Inc
(d)
46,918
3,546
Medpace
Holdings
Inc
(d)
12,778
3,726
Sotera
Health
Co
(d)
54,199
798
Tenet
Healthcare
Corp
(d)
55,644
4,604
$
27,303
Home
Builders
-
1
.05
%
KB
Home
41,952
2,500
Taylor
Morrison
Home
Corp
(d)
58,876
3,070
Thor
Industries
Inc
29,192
3,299
Toll
Brothers
Inc
58,893
5,851
$
14,720
Schedule
of
Investments
MidCap
S&P
400
Index
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
172
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Home
Furnishings
-
0
.65
%
Dolby
Laboratories
Inc
32,631
$
2,714
Leggett
&
Platt
Inc
73,049
1,696
Tempur
Sealy
International
Inc
94,394
4,709
$
9,119
Housewares
-
0
.09
%
Scotts
Miracle-Gro
Co/The
22,769
1,281
Insurance
-
5
.48
%
American
Financial
Group
Inc/OH
35,807
4,311
Brighthouse
Financial
Inc
(d)
35,181
1,821
CNO
Financial
Group
Inc
61,461
1,671
Equitable
Holdings
Inc
174,341
5,699
Erie
Indemnity
Co
13,667
4,726
Essent
Group
Ltd
58,497
3,227
Fidelity
National
Financial
Inc
141,669
7,088
First
American
Financial
Corp
56,536
3,412
Hanover
Insurance
Group
Inc/The
19,595
2,587
Kemper
Corp
33,007
1,980
Kinsale
Capital
Group
Inc
12,062
4,796
MGIC
Investment
Corp
151,950
3,015
Old
Republic
International
Corp
142,876
4,006
Primerica
Inc
19,198
4,495
Reinsurance
Group
of
America
Inc
36,112
6,280
RenaissanceRe
Holdings
Ltd
28,764
6,582
RLI
Corp
21,999
3,000
Selective
Insurance
Group
Inc
33,198
3,481
Unum
Group
100,459
4,856
$
77,033
Internet
-
0
.71
%
GoDaddy
Inc
(d)
77,164
8,230
Ziff
Davis
Inc
(d)
25,198
1,699
$
9,929
Iron
&
Steel
-
1
.68
%
Cleveland-Cliffs
Inc
(d)
276,632
5,546
Commercial
Metals
Co
64,055
3,345
Reliance
Steel
&
Aluminum
Co
31,493
8,989
United
States
Steel
Corp
122,211
5,746
$
23,626
Leisure
Products
&
Services
-
0
.94
%
Brunswick
Corp/DE
37,706
3,042
Harley-Davidson
Inc
69,444
2,253
Planet
Fitness
Inc
(d)
46,814
3,172
Polaris
Inc
29,086
2,617
YETI
Holdings
Inc
(d)
47,589
2,093
$
13,177
Lodging
-
0
.99
%
Boyd
Gaming
Corp
38,073
2,417
Choice
Hotels
International
Inc
13,644
1,653
Hilton
Grand
Vacations
Inc
(d)
39,052
1,628
Hyatt
Hotels
Corp
24,231
3,110
Travel
+
Leisure
Co
39,682
1,604
Wyndham
Hotels
&
Resorts
Inc
45,459
3,543
$
13,955
Machinery
-
Construction
&
Mining
-
0
.73
%
BWX
Technologies
Inc
50,117
4,084
Oshkosh
Corp
35,842
3,946
Terex
Corp
36,875
2,265
$
10,295
Machinery
-
Diversified
-
2
.80
%
AGCO
Corp
34,053
4,166
Chart
Industries
Inc
(d)
23,007
2,685
Cognex
Corp
94,322
3,409
Crane
Co
26,764
3,322
Esab
Corp
31,043
2,669
Flowserve
Corp
71,893
2,871
Graco
Inc
92,485
7,889
Middleby
Corp/The
(d)
29,370
4,143
Toro
Co/The
56,899
5,262
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Machinery
-
Diversified
(continued)
Watts
Water
Technologies
Inc
14,996
$
2,969
$
39,385
Media
-
0
.75
%
Cable
One
Inc
2,493
1,368
New
York
Times
Co/The
89,656
4,354
Nexstar
Media
Group
Inc
17,665
3,139
TEGNA
Inc
107,927
1,683
$
10,544
Metal
Fabrication
&
Hardware
-
1
.04
%
Advanced
Drainage
Systems
Inc
37,567
4,899
RBC
Bearings
Inc
(d)
15,937
4,280
Timken
Co/The
35,564
2,913
Valmont
Industries
Inc
11,447
2,584
$
14,676
Mining
-
0
.59
%
Alcoa
Corp
97,790
2,909
MP
Materials
Corp
(d)
78,918
1,248
Royal
Gold
Inc
35,994
4,117
$
8,274
Miscellaneous
Manufacturers
-
1
.29
%
Carlisle
Cos
Inc
26,677
8,384
Donaldson
Co
Inc
66,127
4,271
ITT
Inc
44,985
5,433
$
18,088
Oil
&
Gas
-
3
.78
%
Antero
Resources
Corp
(d)
154,797
3,458
Chesapeake
Energy
Corp
61,047
4,707
Chord
Energy
Corp
22,618
3,478
Civitas
Resources
Inc
46,757
3,030
CNX
Resources
Corp
(d)
87,043
1,758
HF
Sinclair
Corp
85,783
4,846
Matador
Resources
Co
60,708
3,332
Murphy
Oil
Corp
80,410
3,112
Ovintiv
Inc
139,065
5,899
PBF
Energy
Inc
59,594
3,010
Permian
Resources
Corp
227,720
3,070
Range
Resources
Corp
132,219
3,840
Southwestern
Energy
Co
(d)
603,534
3,893
Valaris
Ltd
(d)
34,351
2,125
Weatherford
International
PLC
(d)
39,516
3,539
$
53,097
Oil
&
Gas
Services
-
0
.51
%
ChampionX
Corp
106,739
2,926
NOV
Inc
215,847
4,211
$
7,137
Packaging
&
Containers
-
1
.78
%
AptarGroup
Inc
36,042
4,681
Berry
Global
Group
Inc
64,710
4,236
Crown
Holdings
Inc
66,106
5,850
Graphic
Packaging
Holding
Co
167,697
4,278
Greif
Inc
-
Class
A
13,958
874
Silgan
Holdings
Inc
44,351
2,038
Sonoco
Products
Co
53,673
3,054
$
25,011
Pharmaceuticals
-
1
.51
%
BellRing
Brands
Inc
(d)
72,023
3,981
Jazz
Pharmaceuticals
PLC
(d)
34,495
4,233
Neurocrine
Biosciences
Inc
(d)
53,835
7,524
Option
Care
Health
Inc
(d)
97,058
3,032
Perrigo
Co
PLC
74,248
2,382
$
21,152
Pipelines
-
0
.54
%
Antero
Midstream
Corp
186,626
2,284
DT
Midstream
Inc
53,095
2,851
Equitrans
Midstream
Corp
237,400
2,419
$
7,554
Private
Equity
-
0
.34
%
Carlyle
Group
Inc/The
118,615
4,747
Schedule
of
Investments
MidCap
S&P
400
Index
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
173
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Real
Estate
-
0
.33
%
Jones
Lang
LaSalle
Inc
(d)
26,067
$
4,615
REITs
-
7
.45
%
Agree
Realty
Corp
55,077
3,283
Annaly
Capital
Management
Inc
274,018
5,258
Apartment
Income
REIT
Corp
80,544
2,633
Brixmor
Property
Group
Inc
164,708
3,696
COPT
Defense
Properties
61,667
1,453
Cousins
Properties
Inc
83,161
1,905
CubeSmart
123,209
5,325
EastGroup
Properties
Inc
25,386
4,504
EPR
Properties
41,275
1,827
Equity
LifeStyle
Properties
Inc
102,131
6,913
First
Industrial
Realty
Trust
Inc
72,477
3,734
Gaming
and
Leisure
Properties
Inc
146,307
6,679
Healthcare
Realty
Trust
Inc
208,694
3,362
Independence
Realty
Trust
Inc
123,126
1,809
Kilroy
Realty
Corp
58,458
2,090
Kite
Realty
Group
Trust
120,209
2,573
Lamar
Advertising
Co
47,987
5,023
Medical
Properties
Trust
Inc
328,215
1,018
National
Storage
Affiliates
Trust
42,337
1,581
NNN
REIT
Inc
99,965
4,033
Omega
Healthcare
Investors
Inc
134,241
3,893
Park
Hotels
&
Resorts
Inc
115,059
1,735
Physicians
Realty
Trust
130,675
1,600
PotlatchDeltic
Corp
43,485
1,945
Rayonier
Inc
74,753
2,265
Rexford
Industrial
Realty
Inc
115,667
6,083
Sabra
Health
Care
REIT
Inc
126,693
1,690
STAG
Industrial
Inc
99,488
3,675
Starwood
Property
Trust
Inc
163,047
3,315
Vornado
Realty
Trust
87,598
2,382
WP
Carey
Inc
119,818
7,424
$
104,706
Retail
-
5
.71
%
AutoNation
Inc
(d)
14,212
1,985
BJ's
Wholesale
Club
Holdings
Inc
(d)
73,276
4,715
Burlington
Stores
Inc
(d)
35,552
6,796
Casey's
General
Stores
Inc
20,420
5,541
Dick's
Sporting
Goods
Inc
33,673
5,020
FirstCash
Holdings
Inc
20,267
2,326
Five
Below
Inc
(d)
30,513
5,476
Floor
&
Decor
Holdings
Inc
(d)
58,393
5,872
GameStop
Corp
(d),(e)
147,181
2,094
Gap
Inc/The
117,548
2,197
Lithia
Motors
Inc
15,080
4,446
Macy's
Inc
149,933
2,742
MSC
Industrial
Direct
Co
Inc
25,407
2,507
Murphy
USA
Inc
10,610
3,740
Nordstrom
Inc
53,153
965
Ollie's
Bargain
Outlet
Holdings
Inc
(d)
33,808
2,432
Penske
Automotive
Group
Inc
10,681
1,585
RH
(d)
8,469
2,147
Texas
Roadhouse
Inc
36,592
4,600
Wendy's
Co/The
91,544
1,747
Williams-Sonoma
Inc
35,147
6,797
Wingstop
Inc
16,119
4,531
$
80,261
Savings
&
Loans
-
0
.18
%
New
York
Community
Bancorp
Inc
395,879
2,561
Semiconductors
-
2
.48
%
Allegro
MicroSystems
Inc
(d)
39,020
1,012
Amkor
Technology
Inc
56,557
1,791
Cirrus
Logic
Inc
(d)
29,534
2,280
IPG
Photonics
Corp
(d)
16,198
1,586
Lattice
Semiconductor
Corp
(d)
75,630
4,603
MACOM
Technology
Solutions
Holdings
Inc
(d)
29,652
2,557
MKS
Instruments
Inc
34,445
3,667
Onto
Innovation
Inc
(d)
26,894
4,343
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Semiconductors
(continued)
Power
Integrations
Inc
31,155
$
2,335
Rambus
Inc
(d)
58,908
4,037
Silicon
Laboratories
Inc
(d)
17,412
2,148
Synaptics
Inc
(d)
21,480
2,294
Wolfspeed
Inc
(d)
68,669
2,235
$
34,888
Software
-
2
.58
%
Aspen
Technology
Inc
(d)
15,360
2,949
Blackbaud
Inc
(d)
23,606
1,910
CommVault
Systems
Inc
(d)
23,995
2,200
Concentrix
Corp
25,909
2,302
Doximity
Inc
(d)
64,745
1,745
Dropbox
Inc
-
A
Shares
(d)
140,370
4,447
Dynatrace
Inc
(d)
130,660
7,448
Manhattan
Associates
Inc
(d)
33,733
8,182
Teradata
Corp
(d)
53,589
2,475
ZoomInfo
Technologies
Inc
(d)
162,320
2,604
$
36,262
Telecommunications
-
0
.77
%
Calix
Inc
(d)
32,120
1,066
Ciena
Corp
(d)
81,009
4,293
Frontier
Communications
Parent
Inc
(d),(e)
121,193
2,985
Iridium
Communications
Inc
67,863
2,461
$
10,805
Toys,
Games
&
Hobbies
-
0
.25
%
Mattel
Inc
(d)
193,549
3,463
Transportation
-
1
.96
%
Kirby
Corp
(d)
32,382
2,547
Knight-Swift
Transportation
Holdings
Inc
88,378
5,071
Landstar
System
Inc
19,696
3,776
Ryder
System
Inc
24,287
2,758
Saia
Inc
(d)
14,547
6,555
Werner
Enterprises
Inc
34,736
1,374
XPO
Inc
(d)
63,545
5,429
$
27,510
Trucking
&
Leasing
-
0
.17
%
GATX
Corp
19,451
2,386
Water
-
0
.35
%
Essential
Utilities
Inc
137,703
4,938
TOTAL
COMMON
STOCKS
$
1,363,386
Total
Investments
$
1,407,968
Other
Assets
and
Liabilities
- (0.19)%
(
2,686
)
TOTAL
NET
ASSETS
-
100.00%
$
1,405,282
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$5,295
or
0.38%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
Security
or
a
portion
of
the
security
was
on
loan. At
the
end
of
the
period,
the
value
of
these
securities
totaled
$5,029
or
0.36%
of
net
assets.
Schedule
of
Investments
MidCap
S&P
400
Index
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
174
Portfolio
Summary
Sector
Percent
Financial
22
.06
%
Industrial
21
.01
%
Consumer,
Cyclical
15
.71
%
Consumer,
Non-cyclical
14
.53
%
Technology
8
.82
%
Energy
4
.95
%
Basic
Materials
4
.69
%
Utilities
3
.02
%
Money
Market
Funds
2
.92
%
Communications
2
.23
%
Exchange-Traded
Funds
0
.25
%
Other
Assets
and
Liabilities
(
0
.19
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
41,181
$
98,102
$
99,554
$
39,729
$
41,181
$
98,102
$
99,554
$
39,729
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
467
$
—
$
—
$
—
$
467
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
S&P
Mid
400
Emini;
March
2024
Long
135
$
37,035
$
(
802
)
Total
$
(
802
)
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
MidCap
Value
Fund
I
January
31,
2024
(unaudited)
See
accompanying
notes.
175
INVESTMENT
COMPANIES
-
2.26%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0.25%
iShares
Russell
Mid-Cap
Value
ETF
82,200
$
9,385
Money
Market
Funds
-
2.01%
BlackRock
Liquidity
FedFund
-
Institutional
Class
5.21%
(a),(b)
1,414,253
1,414
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(a),(c)
74,324,846
74,325
$
75,739
TOTAL
INVESTMENT
COMPANIES
$
85,124
COMMON
STOCKS
-
97.92%
Shares
Held
Value
(000's)
Advertising
-
0.05%
Interpublic
Group
of
Cos
Inc/The
22,550
$
744
Omnicom
Group
Inc
11,534
1,042
$
1,786
Aerospace
&
Defense
-
0.39%
Curtiss-Wright
Corp
25,649
5,709
HEICO
Corp
246
44
HEICO
Corp
-
Class
A
521
74
Hexcel
Corp
4,919
327
Howmet
Aerospace
Inc
96,143
5,409
Mercury
Systems
Inc
(d)
3,085
91
Spirit
AeroSystems
Holdings
Inc
(d)
5,473
150
TransDigm
Group
Inc
2,574
2,813
$
14,617
Agriculture
-
0.03%
Bunge
Global
SA
8,454
745
Darling
Ingredients
Inc
(d)
9,260
401
$
1,146
Airlines
-
0.68%
Alaska
Air
Group
Inc
(d)
617,324
22,118
American
Airlines
Group
Inc
(d)
23,891
340
Delta
Air
Lines
Inc
35,633
1,395
Southwest
Airlines
Co
34,779
1,040
United
Airlines
Holdings
Inc
(d)
19,107
791
$
25,684
Apparel
-
1.06%
Birkenstock
Holding
Plc
(d),(e)
1,362
63
Capri
Holdings
Ltd
(d)
6,660
325
Carter's
Inc
2,140
162
Columbia
Sportswear
Co
2,079
165
PVH
Corp
3,508
422
Ralph
Lauren
Corp
232,324
33,378
Skechers
USA
Inc
(d)
7,216
450
Tapestry
Inc
119,956
4,653
Under
Armour
Inc
-
Class
A
(d)
10,992
84
Under
Armour
Inc
-
Class
C
(d)
11,799
87
VF
Corp
20,437
336
$
40,125
Automobile
Manufacturers
-
0.15%
Cummins
Inc
8,290
1,984
Lucid
Group
Inc
(d),(e)
43,532
147
PACCAR
Inc
29,950
3,006
Rivian
Automotive
Inc
(d)
38,712
593
$
5,730
Automobile
Parts
&
Equipment
-
2.05%
Allison
Transmission
Holdings
Inc
100,109
6,061
Aptiv
PLC
(d)
390,829
31,786
BorgWarner
Inc
1,128,638
38,261
Gentex
Corp
13,699
454
Lear
Corp
3,383
450
Phinia
Inc
2,725
82
QuantumScape
Corp
(d)
19,742
134
$
77,228
Banks
-
3.37%
Bank
of
New
York
Mellon
Corp/The
800,015
44,369
Bank
OZK
6,294
284
BOK
Financial
Corp
1,653
139
Citizens
Financial
Group
Inc
27,183
889
Columbia
Banking
System
Inc
12,151
245
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Banks
(continued)
Comerica
Inc
7,687
$
404
Commerce
Bancshares
Inc/MO
7,007
365
Cullen/Frost
Bankers
Inc
3,453
366
East
West
Bancorp
Inc
8,204
597
Fifth
Third
Bancorp
189,730
6,497
First
Citizens
BancShares
Inc/NC
566
855
First
Hawaiian
Inc
7,427
161
First
Horizon
Corp
345,688
4,922
FNB
Corp/PA
20,904
276
Huntington
Bancshares
Inc/OH
1,579,165
20,102
KeyCorp
54,509
792
M&T
Bank
Corp
44,040
6,082
Northern
Trust
Corp
11,980
954
NU
Holdings
Ltd/Cayman
Islands
(d)
43,042
371
Pinnacle
Financial
Partners
Inc
4,388
388
Popular
Inc
4,103
351
Prosperity
Bancshares
Inc
520,085
33,239
Regions
Financial
Corp
54,688
1,021
State
Street
Corp
18,008
1,330
Synovus
Financial
Corp
8,448
318
Webster
Financial
Corp
9,988
494
Western
Alliance
Bancorp
6,312
404
Wintrust
Financial
Corp
3,548
344
Zions
Bancorp
NA
8,500
356
$
126,915
Beverages
-
0.12%
Boston
Beer
Co
Inc/The
(d)
11,114
3,882
Brown-Forman
Corp
-
A
Shares
(e)
591
33
Brown-Forman
Corp
-
B
Shares
2,206
121
Molson
Coors
Beverage
Co
10,218
632
$
4,668
Biotechnology
-
1.37%
Alnylam
Pharmaceuticals
Inc
(d)
1,413
244
Biogen
Inc
(d)
8,422
2,077
BioMarin
Pharmaceutical
Inc
(d)
9,650
850
Bio-Rad
Laboratories
Inc
(d)
1,201
386
Certara
Inc
(d)
4,447
72
Corteva
Inc
41,752
1,899
Exelixis
Inc
(d)
204,089
4,441
Illumina
Inc
(d)
6,484
927
Incyte
Corp
(d)
255,017
14,987
Ionis
Pharmaceuticals
Inc
(d)
1,026
53
Karuna
Therapeutics
Inc
(d)
221
69
Maravai
LifeSciences
Holdings
Inc
(d)
2,584
15
Roivant
Sciences
Ltd
(d)
767
8
Royalty
Pharma
PLC
487,232
13,833
United
Therapeutics
Corp
(d)
55,178
11,851
$
51,712
Building
Materials
-
1.94%
Armstrong
World
Industries
Inc
1,843
183
AZEK
Co
Inc/The
(d)
7,688
296
Builders
FirstSource
Inc
(d)
7,185
1,248
Carrier
Global
Corp
474,672
25,969
Eagle
Materials
Inc
84,596
19,143
Fortune
Brands
Innovations
Inc
7,382
573
Hayward
Holdings
Inc
(d)
7,738
97
Lennox
International
Inc
1,861
797
Louisiana-Pacific
Corp
3,751
250
Martin
Marietta
Materials
Inc
3,606
1,833
Masco
Corp
13,145
885
MDU
Resources
Group
Inc
11,808
230
Mohawk
Industries
Inc
(d)
3,083
321
Owens
Corning
115,174
17,452
Trane
Technologies
PLC
9,384
2,365
Vulcan
Materials
Co
6,038
1,365
$
73,007
Schedule
of
Investments
MidCap
Value
Fund
I
January
31,
2024
(unaudited)
See
accompanying
notes.
176
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Chemicals
-
3.03%
Albemarle
Corp
6,840
$
785
Ashland
Inc
2,758
258
Axalta
Coating
Systems
Ltd
(d)
846,548
27,445
Celanese
Corp
5,770
844
CF
Industries
Holdings
Inc
11,248
849
Chemours
Co/The
8,684
262
DuPont
de
Nemours
Inc
26,865
1,660
Eastman
Chemical
Co
6,926
579
Element
Solutions
Inc
13,045
290
FMC
Corp
6,205
349
Huntsman
Corp
9,863
242
International
Flavors
&
Fragrances
Inc
14,935
1,205
LyondellBasell
Industries
NV
15,133
1,424
Mosaic
Co/The
19,355
594
NewMarket
Corp
366
204
Olin
Corp
7,152
373
PPG
Industries
Inc
10,278
1,450
RPM
International
Inc
321,010
34,239
Valvoline
Inc
(d)
5,962
218
Westlake
Corp
296,882
41,073
$
114,343
Commercial
Services
-
4.51%
ADT
Inc
12,254
80
Affirm
Holdings
Inc
(d)
13,154
533
Aramark
13,689
398
Avis
Budget
Group
Inc
774
127
Block
Inc
(d)
19,917
1,295
Bright
Horizons
Family
Solutions
Inc
(d)
2,930
288
Cintas
Corp
559
338
Clarivate
PLC
(d)
27,517
246
CoStar
Group
Inc
(d)
13,478
1,125
Driven
Brands
Holdings
Inc
(d)
3,328
44
Dun
&
Bradstreet
Holdings
Inc
16,056
186
Equifax
Inc
2,187
534
Euronet
Worldwide
Inc
(d)
1,383
138
FleetCor
Technologies
Inc
(d)
295
85
FTI
Consulting
Inc
(d)
205,573
39,389
Global
Payments
Inc
335,069
44,642
Grand
Canyon
Education
Inc
(d)
134,789
17,602
GXO
Logistics
Inc
(d)
6,835
372
H&R
Block
Inc
230,526
10,798
Hertz
Global
Holdings
Inc
(d)
7,665
64
ManpowerGroup
Inc
347,935
25,796
Mister
Car
Wash
Inc
(d),(e)
4,182
35
Quanta
Services
Inc
6,190
1,201
R1
RCM
Inc
(d)
9,521
97
RB
Global
Inc
2,485
159
Robert
Half
Inc
6,034
480
Service
Corp
International/US
5,442
365
TransUnion
293,287
20,293
U-Haul
Holding
Co
(d)
309
20
U-Haul
Holding
Co
3,597
230
United
Rentals
Inc
3,145
1,967
Vestis
Corp
6,836
146
WEX
Inc
(d)
1,342
274
WillScot
Mobile
Mini
Holdings
Corp
(d)
8,384
397
$
169,744
Computers
-
4.56%
Amdocs
Ltd
44,605
4,090
CACI
International
Inc
(d)
1,286
442
Cognizant
Technology
Solutions
Corp
77,220
5,955
Crane
NXT
Co
2,805
163
DXC
Technology
Co
(d)
11,960
261
Genpact
Ltd
897,862
32,233
Hewlett
Packard
Enterprise
Co
74,837
1,144
HP
Inc
40,247
1,156
KBR
Inc
5,019
262
Kyndryl
Holdings
Inc
(d)
13,246
272
Leidos
Holdings
Inc
412,977
45,621
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Computers
(continued)
Lumentum
Holdings
Inc
(d)
3,987
$
219
Maximus
Inc
341,000
27,662
NCR
Atleos
Corp
(d)
3,766
84
NCR
Voyix
Corp
(d)
7,435
109
NetApp
Inc
97,129
8,469
Pure
Storage
Inc
(d)
3,575
143
Science
Applications
International
Corp
35,693
4,557
Western
Digital
Corp
(d)
678,951
38,870
$
171,712
Consumer
Products
-
0.81%
Avery
Dennison
Corp
139,162
27,756
Church
&
Dwight
Co
Inc
24,232
2,420
Reynolds
Consumer
Products
Inc
3,467
94
Spectrum
Brands
Holdings
Inc
2,039
160
$
30,430
Cosmetics
&
Personal
Care
-
0.01%
Coty
Inc
(d)
21,996
266
Olaplex
Holdings
Inc
(d)
7,281
16
$
282
Distribution
&
Wholesale
-
0.52%
Core
&
Main
Inc
(d)
256,871
10,611
Fastenal
Co
69,443
4,738
Ferguson
PLC
11,289
2,121
LKQ
Corp
15,578
727
SiteOne
Landscape
Supply
Inc
(d)
1,751
271
Watsco
Inc
1,455
569
WESCO
International
Inc
2,577
447
$
19,484
Diversified
Financial
Services
-
2.07%
Affiliated
Managers
Group
Inc
2,019
301
Air
Lease
Corp
6,041
253
Ally
Financial
Inc
15,821
580
Blue
Owl
Capital
Inc
22,650
352
Cboe
Global
Markets
Inc
58,900
10,829
Coinbase
Global
Inc
(d)
9,899
1,269
Credit
Acceptance
Corp
(d)
372
201
Discover
Financial
Services
37,174
3,923
Evercore
Inc
-
Class
A
2,072
356
Franklin
Resources
Inc
16,642
443
Houlihan
Lokey
Inc
2,734
327
Interactive
Brokers
Group
Inc
-
A
Shares
6,054
537
Invesco
Ltd
21,193
335
Janus
Henderson
Group
PLC
7,819
225
Jefferies
Financial
Group
Inc
10,585
431
Lazard
Inc
6,391
249
Nasdaq
Inc
19,980
1,154
OneMain
Holdings
Inc
6,551
312
Raymond
James
Financial
Inc
11,043
1,217
Rocket
Cos
Inc
(d)
3,816
47
SEI
Investments
Co
5,868
371
SLM
Corp
7,955
158
SoFi
Technologies
Inc
(d)
54,519
427
Stifel
Financial
Corp
5,797
423
Synchrony
Financial
24,076
936
T
Rowe
Price
Group
Inc
292,900
31,765
TPG
Inc
2,837
118
Tradeweb
Markets
Inc
158,574
15,127
UWM
Holdings
Corp
(e)
4,667
31
Virtu
Financial
Inc
5,140
86
Voya
Financial
Inc
5,721
414
Western
Union
Co/The
345,085
4,338
XP
Inc
17,302
425
$
77,960
Electric
-
3.02%
AES
Corp/The
15,192
253
Alliant
Energy
Corp
914,692
44,509
Ameren
Corp
15,317
1,066
Avangrid
Inc
4,139
126
Brookfield
Renewable
Corp
7,768
217
Schedule
of
Investments
MidCap
Value
Fund
I
January
31,
2024
(unaudited)
See
accompanying
notes.
177
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Electric
(continued)
CenterPoint
Energy
Inc
36,925
$
1,032
Clearway
Energy
Inc
-
Class
A
1,799
40
Clearway
Energy
Inc
-
Class
C
4,782
116
CMS
Energy
Corp
17,013
972
Consolidated
Edison
Inc
20,302
1,845
Constellation
Energy
Corp
18,802
2,294
DTE
Energy
Co
12,047
1,270
Edison
International
22,116
1,492
Entergy
Corp
12,380
1,235
Evergy
Inc
13,020
661
Eversource
Energy
20,394
1,106
FirstEnergy
Corp
31,866
1,169
Hawaiian
Electric
Industries
Inc
6,837
89
IDACORP
Inc
2,944
273
NRG
Energy
Inc
13,303
706
OGE
Energy
Corp
11,685
388
PG&E
Corp
119,082
2,009
Pinnacle
West
Capital
Corp
6,613
456
PPL
Corp
43,189
1,131
Public
Service
Enterprise
Group
Inc
29,100
1,687
Vistra
Corp
15,052
618
WEC
Energy
Group
Inc
18,460
1,491
Xcel
Energy
Inc
758,245
45,396
$
113,647
Electrical
Components
&
Equipment
-
0.22%
Acuity
Brands
Inc
21,297
5,072
AMETEK
Inc
13,452
2,180
Generac
Holdings
Inc
(d)
3,545
403
Littelfuse
Inc
1,405
340
Universal
Display
Corp
1,484
252
$
8,247
Electronics
-
3.18%
Allegion
plc
386
48
Amphenol
Corp
279,954
28,303
Arrow
Electronics
Inc
(d)
3,234
360
Avnet
Inc
363,653
16,473
Coherent
Corp
(d)
7,589
361
Flex
Ltd
(d)
1,380,000
32,761
Fortive
Corp
20,690
1,618
Garmin
Ltd
8,980
1,073
Hubbell
Inc
79,782
26,773
Jabil
Inc
2,709
339
Keysight
Technologies
Inc
(d)
7,714
1,182
nVent
Electric
PLC
9,615
577
Sensata
Technologies
Holding
PLC
8,813
319
TD
SYNNEX
Corp
3,385
338
Trimble
Inc
(d)
14,410
733
Vontier
Corp
6,015
208
Woodward
Inc
59,541
8,203
$
119,669
Energy
-
Alternate
Sources
-
0.03%
First
Solar
Inc
(d)
6,220
910
Plug
Power
Inc
(d),(e)
30,348
135
Sunrun
Inc
(d)
12,307
178
$
1,223
Engineering
&
Construction
-
0.59%
AECOM
48,562
4,282
EMCOR
Group
Inc
71,010
16,199
Jacobs
Solutions
Inc
7,354
991
MasTec
Inc
(d)
3,625
238
TopBuild
Corp
(d)
1,726
637
$
22,347
Entertainment
-
0.40%
AMC
Entertainment
Holdings
Inc
(d),(e)
12,658
51
Caesars
Entertainment
Inc
(d)
7,100
312
Liberty
Media
Corp-Liberty
Live
-
A
Shares
(d)
1,090
40
Liberty
Media
Corp-Liberty
Live
-
C
Shares
(d)
2,899
108
Live
Nation
Entertainment
Inc
(d)
109,362
9,717
Madison
Square
Garden
Sports
Corp
(d)
22,038
4,079
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Entertainment
(continued)
Marriott
Vacations
Worldwide
Corp
2,125
$
178
Penn
Entertainment
Inc
(d)
8,954
202
Vail
Resorts
Inc
2,000
444
$
15,131
Environmental
Control
-
1.20%
Clean
Harbors
Inc
(d)
2,944
494
Pentair
PLC
9,587
701
Republic
Services
Inc
253,200
43,328
Stericycle
Inc
(d)
5,376
258
Tetra
Tech
Inc
2,526
400
$
45,181
Food
-
2.44%
Albertsons
Cos
Inc
22,260
472
Campbell
Soup
Co
11,181
499
Conagra
Brands
Inc
27,826
811
Flowers
Foods
Inc
10,979
250
Grocery
Outlet
Holding
Corp
(d)
133,340
3,304
Hormel
Foods
Corp
16,927
514
Ingredion
Inc
3,849
414
J
M
Smucker
Co/The
5,984
787
Kellanova
15,194
832
Kroger
Co/The
185,379
8,553
Lamb
Weston
Holdings
Inc
420
43
McCormick
&
Co
Inc/MD
14,696
1,002
Performance
Food
Group
Co
(d)
4,740
345
Pilgrim's
Pride
Corp
(d)
2,397
65
Post
Holdings
Inc
(d)
3,001
279
Seaboard
Corp
1,327
4,782
Sysco
Corp
235,500
19,059
Tyson
Foods
Inc
178,250
9,761
US
Foods
Holding
Corp
(d)
868,247
39,948
WK
Kellogg
Co
3,795
49
$
91,769
Forest
Products
&
Paper
-
0.02%
International
Paper
Co
20,258
726
Gas
-
0.06%
Atmos
Energy
Corp
8,653
986
National
Fuel
Gas
Co
5,134
242
NiSource
Inc
24,180
628
UGI
Corp
12,211
270
$
2,126
Hand
&
Machine
Tools
-
0.70%
Lincoln
Electric
Holdings
Inc
87,200
19,377
MSA
Safety
Inc
1,779
294
Regal
Rexnord
Corp
3,860
515
Snap-on
Inc
18,622
5,399
Stanley
Black
&
Decker
Inc
8,948
835
$
26,420
Healthcare
-
Products
-
4.00%
Agilent
Technologies
Inc
221,220
28,781
Avantor
Inc
(d)
39,470
907
Azenta
Inc
(d)
3,466
226
Baxter
International
Inc
29,575
1,144
Bio-Techne
Corp
493
35
Cooper
Cos
Inc/The
99,834
37,241
DENTSPLY
SIRONA
Inc
12,355
429
Enovis
Corp
(d)
3,056
179
Envista
Holdings
Corp
(d)
9,564
225
Exact
Sciences
Corp
(d)
6,811
446
Globus
Medical
Inc
(d)
4,923
260
Hologic
Inc
(d)
494,207
36,789
ICU
Medical
Inc
(d)
1,172
107
Integra
LifeSciences
Holdings
Corp
(d)
3,980
160
QIAGEN
NV
(d)
13,063
570
QuidelOrtho
Corp
(d)
3,107
213
Repligen
Corp
(d)
1,800
341
Revvity
Inc
7,246
777
STERIS
PLC
5,795
1,269
Schedule
of
Investments
MidCap
Value
Fund
I
January
31,
2024
(unaudited)
See
accompanying
notes.
178
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Healthcare
-
Products
(continued)
Tandem
Diabetes
Care
Inc
(d)
3,474
$
79
Teleflex
Inc
2,739
665
Zimmer
Biomet
Holdings
Inc
317,279
39,850
$
150,693
Healthcare
-
Services
-
2.28%
Acadia
Healthcare
Co
Inc
(d)
5,236
430
agilon
health
Inc
(d)
1,666
10
Amedisys
Inc
(d)
1,864
176
Catalent
Inc
(d)
10,509
543
Charles
River
Laboratories
International
Inc
(d)
2,958
640
Chemed
Corp
7,166
4,248
Encompass
Health
Corp
5,373
382
Fortrea
Holdings
Inc
(d)
5,165
160
Ginkgo
Bioworks
Holdings
Inc
(d),(e)
81,556
99
ICON
PLC
(d)
106,045
27,664
IQVIA
Holdings
Inc
(d)
776
161
Laboratory
Corp
of
America
Holdings
4,953
1,101
Molina
Healthcare
Inc
(d)
13,881
4,947
Quest
Diagnostics
Inc
343,542
44,121
Sotera
Health
Co
(d)
1,638
24
Teladoc
Health
Inc
(d)
9,624
187
Tenet
Healthcare
Corp
(d)
5,894
487
Universal
Health
Services
Inc
3,501
556
$
85,936
Home
Builders
-
1.04%
DR
Horton
Inc
64,398
9,203
Lennar
Corp
-
A
Shares
14,327
2,147
Lennar
Corp
-
B
Shares
770
107
NVR
Inc
(d)
158
1,118
PulteGroup
Inc
102,814
10,750
Thor
Industries
Inc
2,985
337
Toll
Brothers
Inc
158,116
15,709
$
39,371
Home
Furnishings
-
0.03%
Dolby
Laboratories
Inc
3,451
287
Leggett
&
Platt
Inc
7,737
180
Tempur
Sealy
International
Inc
7,769
388
Whirlpool
Corp
3,118
341
$
1,196
Housewares
-
0.00%
Newell
Brands
Inc
22,239
185
Insurance
-
10.12%
Aflac
Inc
85,403
7,203
Allstate
Corp/The
15,343
2,382
American
Financial
Group
Inc/OH
369,238
44,456
Arch
Capital
Group
Ltd
(d)
193,757
15,971
Arthur
J
Gallagher
&
Co
11,669
2,709
Assurant
Inc
47,836
8,034
Assured
Guaranty
Ltd
3,312
269
Axis
Capital
Holdings
Ltd
264,341
15,734
Brighthouse
Financial
Inc
(d)
3,489
181
Brown
&
Brown
Inc
58,755
4,557
Cincinnati
Financial
Corp
44,868
4,971
CNA
Financial
Corp
1,520
67
Corebridge
Financial
Inc
13,365
323
Everest
Group
Ltd
23,830
9,174
Fidelity
National
Financial
Inc
460,170
23,022
First
American
Financial
Corp
63,854
3,853
Globe
Life
Inc
5,119
629
Hanover
Insurance
Group
Inc/The
2,065
273
Hartford
Financial
Services
Group
Inc/The
522,255
45,415
Kemper
Corp
3,510
211
Lincoln
National
Corp
8,952
246
Loews
Corp
10,696
779
Markel
Group
Inc
(d)
766
1,147
MGIC
Investment
Corp
931,168
18,474
Old
Republic
International
Corp
1,525,251
42,769
Primerica
Inc
23,794
5,571
Progressive
Corp/The
94,000
16,755
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Insurance
(continued)
Prudential
Financial
Inc
21,223
$
2,227
Reinsurance
Group
of
America
Inc
30,030
5,222
RenaissanceRe
Holdings
Ltd
2,141
490
RLI
Corp
30,525
4,163
Unum
Group
11,486
555
W
R
Berkley
Corp
643,593
52,698
White
Mountains
Insurance
Group
Ltd
145
228
Willis
Towers
Watson
PLC
165,086
40,661
$
381,419
Internet
-
0.81%
CDW
Corp/DE
482
109
DoorDash
Inc
-
Class
A
(d)
95,449
9,946
eBay
Inc
29,332
1,205
Etsy
Inc
(d)
3,139
209
Expedia
Group
Inc
(d)
2,152
319
F5
Inc
(d)
3,452
634
Gen
Digital
Inc
27,344
642
GoDaddy
Inc
(d)
100,697
10,740
IAC
Inc
(d)
4,315
217
Maplebear
Inc
(d),(e)
320
8
Match
Group
Inc
(d)
1,432
55
Okta
Inc
(d)
44,444
3,673
Robinhood
Markets
Inc
(d)
39,278
422
Roku
Inc
(d)
6,303
555
TripAdvisor
Inc
(d)
6,276
136
VeriSign
Inc
(d)
4,912
977
Wayfair
Inc
(d)
3,115
156
Zillow
Group
Inc
-
A
Shares
(d)
3,218
177
Zillow
Group
Inc
-
C
Shares
(d)
9,027
513
$
30,693
Iron
&
Steel
-
0.16%
Cleveland-Cliffs
Inc
(d)
29,105
584
Nucor
Corp
14,526
2,715
Reliance
Steel
&
Aluminum
Co
3,370
962
Steel
Dynamics
Inc
9,114
1,100
United
States
Steel
Corp
12,921
607
$
5,968
Leisure
Products
&
Services
-
0.30%
Brunswick
Corp/DE
3,734
301
Carnival
Corp
(d)
58,154
964
Harley-Davidson
Inc
89,636
2,909
Norwegian
Cruise
Line
Holdings
Ltd
(d)
18,757
334
Planet
Fitness
Inc
(d)
2,597
176
Polaris
Inc
2,863
258
Royal
Caribbean
Cruises
Ltd
(d)
50,323
6,416
$
11,358
Lodging
-
1.01%
Boyd
Gaming
Corp
4,287
272
Hilton
Worldwide
Holdings
Inc
187,070
35,723
Hyatt
Hotels
Corp
2,572
330
MGM
Resorts
International
(d)
16,493
715
Travel
+
Leisure
Co
2,249
91
Wyndham
Hotels
&
Resorts
Inc
4,408
344
Wynn
Resorts
Ltd
5,695
538
$
38,013
Machinery
-
Construction
&
Mining
-
0.31%
BWX
Technologies
Inc
4,413
360
Oshkosh
Corp
93,196
10,261
Vertiv
Holdings
Co
18,556
1,045
$
11,666
Machinery
-
Diversified
-
4.67%
AGCO
Corp
339,947
41,586
CNH
Industrial
NV
57,177
686
Cognex
Corp
10,094
365
Crane
Co
2,796
347
Dover
Corp
8,152
1,221
Esab
Corp
115,804
9,958
Flowserve
Corp
7,642
305
Schedule
of
Investments
MidCap
Value
Fund
I
January
31,
2024
(unaudited)
See
accompanying
notes.
179
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Machinery
-
Diversified
(continued)
Gates
Industrial
Corp
PLC
(d)
6,967
$
90
Graco
Inc
5,765
492
IDEX
Corp
4,053
857
Ingersoll
Rand
Inc
23,679
1,891
Middleby
Corp/The
(d)
278,102
39,232
Nordson
Corp
3,334
839
Otis
Worldwide
Corp
172,079
15,219
Toro
Co/The
315,000
29,131
Westinghouse
Air
Brake
Technologies
Corp
10,424
1,371
Xylem
Inc/NY
286,400
32,203
$
175,793
Media
-
0.53%
Cable
One
Inc
303
166
Fox
Corp
-
A
Shares
159,044
5,137
Fox
Corp
-
B
Shares
7,847
235
Liberty
Broadband
Corp
-
A
Shares
(d)
677
53
Liberty
Broadband
Corp
-
C
Shares
(d)
5,389
423
Liberty
Media
Corp-Liberty
Formula
One
-
A
Shares
(d)
1,389
85
Liberty
Media
Corp-Liberty
Formula
One
-
C
Shares
(d)
11,377
765
Liberty
Media
Corp-Liberty
SiriusXM
-
A
Shares
(d)
4,335
132
Liberty
Media
Corp-Liberty
SiriusXM
-
C
Shares
(d)
8,972
272
New
York
Times
Co/The
202,144
9,816
News
Corp
-
A
Shares
22,263
548
News
Corp
-
B
Shares
(e)
6,798
174
Nexstar
Media
Group
Inc
1,304
232
Paramount
Global
-
Class
A
(e)
668
16
Paramount
Global
-
Class
B
33,739
492
Sirius
XM
Holdings
Inc
(e)
37,665
192
Warner
Bros
Discovery
Inc
(d)
128,958
1,292
$
20,030
Metal
Fabrication
&
Hardware
-
0.03%
RBC
Bearings
Inc
(d)
1,642
441
Timken
Co/The
3,572
293
Valmont
Industries
Inc
1,121
253
$
987
Mining
-
0.97%
Alcoa
Corp
10,387
309
Franco-Nevada
Corp
277,000
29,985
MP
Materials
Corp
(d)
6,473
102
Royal
Gold
Inc
3,827
438
SSR
Mining
Inc
586,383
5,530
$
36,364
Miscellaneous
Manufacturers
-
1.98%
A
O
Smith
Corp
87,435
6,786
Carlisle
Cos
Inc
2,825
888
Donaldson
Co
Inc
4,136
267
ITT
Inc
4,821
582
Parker-Hannifin
Corp
34,967
16,242
Teledyne
Technologies
Inc
(d)
2,716
1,137
Textron
Inc
576,437
48,830
$
74,732
Office
&
Business
Equipment
-
0.52%
Zebra
Technologies
Corp
(d)
82,445
19,750
Oil
&
Gas
-
3.23%
Antero
Resources
Corp
(d)
16,531
369
APA
Corp
2,039
64
Chesapeake
Energy
Corp
7,316
564
Coterra
Energy
Inc
1,743,600
43,381
Devon
Energy
Corp
838,507
35,234
Diamondback
Energy
Inc
10,423
1,603
EQT
Corp
21,083
746
Hess
Corp
147,179
20,683
HF
Sinclair
Corp
208,504
11,779
Marathon
Oil
Corp
35,320
807
Ovintiv
Inc
8,339
354
Phillips
66
26,023
3,755
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Oil
&
Gas
(continued)
Range
Resources
Corp
13,685
$
397
Southwestern
Energy
Co
(d)
287,355
1,853
$
121,589
Oil
&
Gas
Services
-
0.20%
Baker
Hughes
Co
174,770
4,981
Halliburton
Co
42,007
1,498
NOV
Inc
22,937
447
TechnipFMC
PLC
25,295
489
$
7,415
Packaging
&
Containers
-
3.21%
Amcor
PLC
84,191
794
AptarGroup
Inc
182,515
23,705
Ardagh
Group
SA
(d),(f)
901
—
Ardagh
Metal
Packaging
SA
561
2
Ball
Corp
18,019
999
Berry
Global
Group
Inc
6,953
455
Crown
Holdings
Inc
538,493
47,657
Graphic
Packaging
Holding
Co
8,267
211
Packaging
Corp
of
America
277,168
45,976
Sealed
Air
Corp
3,751
130
Silgan
Holdings
Inc
4,876
224
Sonoco
Products
Co
5,709
325
Westrock
Co
14,852
598
$
121,076
Pharmaceuticals
-
0.40%
Cardinal
Health
Inc
49,912
5,450
Elanco
Animal
Health
Inc
(d)
28,443
419
Henry
Schein
Inc
(d)
7,615
570
Jazz
Pharmaceuticals
PLC
(d)
27,804
3,412
Organon
&
Co
14,930
248
Perrigo
Co
PLC
120,093
3,853
Premier
Inc
6,924
150
Viatris
Inc
69,993
824
$
14,926
Pipelines
-
0.36%
Antero
Midstream
Corp
701,049
8,582
DT
Midstream
Inc
5,666
304
ONEOK
Inc
32,136
2,193
Williams
Cos
Inc/The
71,156
2,466
$
13,545
Private
Equity
-
0.08%
Carlyle
Group
Inc/The
12,330
493
KKR
&
Co
Inc
29,242
2,532
$
3,025
Real
Estate
-
0.06%
CBRE
Group
Inc
(d)
17,755
1,532
Howard
Hughes
Holdings
Inc
(d)
1,958
157
Jones
Lang
LaSalle
Inc
(d)
2,761
489
$
2,178
REITs
-
6.77%
AGNC
Investment
Corp
37,751
358
Agree
Realty
Corp
5,792
345
Alexandria
Real
Estate
Equities
Inc
374,228
45,244
American
Homes
4
Rent
19,436
681
Americold
Realty
Trust
Inc
15,786
434
Annaly
Capital
Management
Inc
28,876
554
Apartment
Income
REIT
Corp
129,149
4,222
AvalonBay
Communities
Inc
8,266
1,480
Boston
Properties
Inc
9,165
609
Brixmor
Property
Group
Inc
17,500
393
Camden
Property
Trust
402,060
37,730
Cousins
Properties
Inc
8,836
202
CubeSmart
13,078
565
Digital
Realty
Trust
Inc
17,652
2,479
EastGroup
Properties
Inc
2,669
473
EPR
Properties
106,265
4,705
Equity
LifeStyle
Properties
Inc
386,982
26,195
Equity
Residential
21,822
1,313
Schedule
of
Investments
MidCap
Value
Fund
I
January
31,
2024
(unaudited)
See
accompanying
notes.
180
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
REITs
(continued)
Essex
Property
Trust
Inc
3,724
$
869
Extra
Space
Storage
Inc
12,219
1,765
Federal
Realty
Investment
Trust
4,722
480
First
Industrial
Realty
Trust
Inc
7,711
397
Gaming
and
Leisure
Properties
Inc
14,947
682
Healthcare
Realty
Trust
Inc
22,209
358
Healthpeak
Properties
Inc
32,007
592
Highwoods
Properties
Inc
6,073
139
Host
Hotels
&
Resorts
Inc
535,586
10,294
Invitation
Homes
Inc
35,761
1,178
Iron
Mountain
Inc
8,545
577
Kilroy
Realty
Corp
6,812
244
Kimco
Realty
Corp
38,300
774
Lamar
Advertising
Co
411,235
43,048
Medical
Properties
Trust
Inc
34,695
107
Mid-America
Apartment
Communities
Inc
6,783
857
National
Storage
Affiliates
Trust
4,657
174
NET
Lease
Office
Properties
795
20
NNN
REIT
Inc
1,050,602
42,382
Omega
Healthcare
Investors
Inc
14,298
415
Park
Hotels
&
Resorts
Inc
12,457
188
Rayonier
Inc
8,575
260
Realty
Income
Corp
48,499
2,638
Regency
Centers
Corp
10,531
660
Rexford
Industrial
Realty
Inc
12,298
647
Rithm
Capital
Corp
28,099
301
SBA
Communications
Corp
5,640
1,263
Simon
Property
Group
Inc
14,840
2,057
STAG
Industrial
Inc
10,619
392
Starwood
Property
Trust
Inc
17,225
350
Sun
Communities
Inc
5,613
704
UDR
Inc
18,115
652
Ventas
Inc
23,373
1,084
VICI
Properties
Inc
179,519
5,407
Vornado
Realty
Trust
10,327
281
Welltower
Inc
31,384
2,715
Weyerhaeuser
Co
42,855
1,404
WP
Carey
Inc
12,394
768
$
255,105
Retail
-
7.93%
Advance
Auto
Parts
Inc
3,474
232
AutoNation
Inc
(d)
1,657
231
Bath
&
Body
Works
Inc
13,395
571
Best
Buy
Co
Inc
9,827
712
BJ's
Wholesale
Club
Holdings
Inc
(d)
524,079
33,719
CarMax
Inc
(d)
8,713
620
Casey's
General
Stores
Inc
65,230
17,701
Cava
Group
Inc
(d)
220
10
Darden
Restaurants
Inc
242,752
39,467
Dick's
Sporting
Goods
Inc
243,244
36,261
Dollar
Tree
Inc
(d)
12,194
1,593
Domino's
Pizza
Inc
17,898
7,628
Freshpet
Inc
(d)
1,831
158
GameStop
Corp
(d),(e)
15,656
223
Gap
Inc/The
400,703
7,489
Genuine
Parts
Co
8,199
1,150
Kohl's
Corp
6,452
166
Lithia
Motors
Inc
1,573
464
Macy's
Inc
235,964
4,315
MSC
Industrial
Direct
Co
Inc
54,863
5,413
Murphy
USA
Inc
14,253
5,025
Nordstrom
Inc
6,660
121
Ollie's
Bargain
Outlet
Holdings
Inc
(d)
2,436
175
O'Reilly
Automotive
Inc
(d)
6,882
7,041
Penske
Automotive
Group
Inc
1,166
173
Petco
Health
&
Wellness
Co
Inc
(d)
4,908
12
RH
(d)
759
192
Ross
Stores
Inc
339,062
47,564
Target
Corp
187,100
26,022
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Retail
(continued)
Victoria's
Secret
&
Co
(d)
2,492
$
65
Walgreens
Boots
Alliance
Inc
143,321
3,235
Williams-Sonoma
Inc
3,230
625
Yum!
Brands
Inc
389,645
50,455
$
298,828
Savings
&
Loans
-
0.01%
New
York
Community
Bancorp
Inc
41,646
269
TFS
Financial
Corp
3,190
43
$
312
Semiconductors
-
2.58%
Cirrus
Logic
Inc
(d)
75,266
5,811
Entegris
Inc
8,270
973
GLOBALFOUNDRIES
Inc
(d),(e)
4,575
252
IPG
Photonics
Corp
(d)
1,742
171
Marvell
Technology
Inc
49,929
3,380
Microchip
Technology
Inc
9,022
768
MKS
Instruments
Inc
403,871
42,992
ON
Semiconductor
Corp
(d)
25,227
1,794
Qorvo
Inc
(d)
5,708
569
Skyworks
Solutions
Inc
384,295
40,144
Teradyne
Inc
1,512
146
Wolfspeed
Inc
(d)
7,244
236
$
97,236
Shipbuilding
-
0.02%
Huntington
Ingalls
Industries
Inc
2,280
590
Software
-
2.20%
Akamai
Technologies
Inc
(d)
179,669
22,141
ANSYS
Inc
(d)
885
290
AppLovin
Corp
(d)
9,106
375
Aspen
Technology
Inc
(d)
1,621
311
Bentley
Systems
Inc
780
39
BILL
Holdings
Inc
(d)
5,990
467
Broadridge
Financial
Solutions
Inc
1,113
227
CCC
Intelligent
Solutions
Holdings
Inc
(d)
11,755
129
Concentrix
Corp
2,558
227
Dayforce
Inc
(d)
7,876
548
Doximity
Inc
(d)
3,941
106
Dropbox
Inc
-
A
Shares
(d)
1,509
48
Electronic
Arts
Inc
15,818
2,176
Fidelity
National
Information
Services
Inc
34,643
2,157
Guidewire
Software
Inc
(d)
43,680
4,878
HashiCorp
Inc
(d)
2,135
47
Informatica
Inc
(d)
2,286
69
Jack
Henry
&
Associates
Inc
2,894
480
Manhattan
Associates
Inc
(d)
33,410
8,104
MSCI
Inc
2,243
1,343
nCino
Inc
(d)
3,710
117
Nutanix
Inc
(d)
397,213
22,323
Paycor
HCM
Inc
(d)
2,341
45
Playtika
Holding
Corp
(d)
653
5
PTC
Inc
(d)
3,177
574
SentinelOne
Inc
(d)
11,822
317
SS&C
Technologies
Holdings
Inc
12,706
775
Take-Two
Interactive
Software
Inc
(d)
9,639
1,590
Teradata
Corp
(d)
119,922
5,538
Twilio
Inc
(d)
8,256
581
Tyler
Technologies
Inc
(d)
591
250
UiPath
Inc
(d)
5,439
125
Unity
Software
Inc
(d)
10,310
334
Zoom
Video
Communications
Inc
(d)
95,818
6,190
ZoomInfo
Technologies
Inc
(d)
8,800
141
$
83,067
Telecommunications
-
0.75%
Ciena
Corp
(d)
8,668
459
Corning
Inc
44,508
1,446
Frontier
Communications
Parent
Inc
(d)
14,309
352
Iridium
Communications
Inc
445
16
Juniper
Networks
Inc
18,611
688
Motorola
Solutions
Inc
79,000
25,241
Schedule
of
Investments
MidCap
Value
Fund
I
January
31,
2024
(unaudited)
See
accompanying
notes.
181
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Telecommunications
(continued)
Ubiquiti
Inc
36
$
5
Viasat
Inc
(d)
6,822
152
$
28,359
Toys,
Games
&
Hobbies
-
0.02%
Hasbro
Inc
7,632
374
Mattel
Inc
(d)
20,580
368
$
742
Transportation
-
2.71%
CH
Robinson
Worldwide
Inc
1,483
125
Expeditors
International
of
Washington
Inc
7,439
940
JB
Hunt
Transport
Services
Inc
215,857
43,383
Kirby
Corp
(d)
3,472
273
Knight-Swift
Transportation
Holdings
Inc
507,227
29,105
Landstar
System
Inc
139,427
26,731
Old
Dominion
Freight
Line
Inc
398
155
Ryder
System
Inc
2,555
290
Saia
Inc
(d)
1,380
622
Schneider
National
Inc
3,148
77
XPO
Inc
(d)
6,650
568
$
102,269
Water
-
0.05%
American
Water
Works
Co
Inc
11,395
1,413
Essential
Utilities
Inc
14,192
509
$
1,922
TOTAL
COMMON
STOCKS
$
3,689,397
Total
Investments
$
3,774,521
Other
Assets
and
Liabilities
- (0.18)%
(6,647)
TOTAL
NET
ASSETS
-
100.00%
$
3,767,874
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$1,414
or
0.04%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
Security
or
a
portion
of
the
security
was
on
loan. At
the
end
of
the
period,
the
value
of
these
securities
totaled
$1,368
or
0.04%
of
net
assets.
(f)
The
value
of
these
investments
was
determined
using
significant
unobservable
inputs,
in
good
faith
by
the
Manager,
under
procedures
established
and
periodically
reviewed
by
the
Board
of
Directors.
Portfolio
Summary
Sector
Percent
Financial
22.48%
Industrial
21.15%
Consumer,
Non-cyclical
15.97%
Consumer,
Cyclical
15.19%
Technology
9.86%
Basic
Materials
4.18%
Energy
3.82%
Utilities
3.13%
Communications
2.14%
Money
Market
Funds
2.01%
Exchange-Traded
Funds
0.25%
Other
Assets
and
Liabilities
(0.18)%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
70,147
$
368,857
$
364,679
$
74,325
$
70,147
$
368,857
$
364,679
$
74,325
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
762
$
—
$
—
$
—
$
762
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
S&P
Mid
400
Emini;
March
2024
Long
65
$
17,831
$
5
Total
$
5
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
Overseas
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
182
INVESTMENT
COMPANIES
-
3
.52
%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0
.24
%
iShares
MSCI
EAFE
Value
ETF
(a)
110,000
$
5,669
Money
Market
Funds
-
3
.28
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
5.21%
(b),(c)
9,360,401
9,361
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(b),(c),(d)
67,500,124
67,500
$
76,861
TOTAL
INVESTMENT
COMPANIES
$
82,530
COMMON
STOCKS
-
96
.41
%
Shares
Held
Value
(000's)
Advertising
-
0
.05
%
Dentsu
Group
Inc
3,100
$
82
Publicis
Groupe
SA
7,122
714
WPP
PLC
33,449
323
$
1,119
Aerospace
&
Defense
-
4
.28
%
BAE
Systems
PLC
1,125,852
16,771
Elbit
Systems
Ltd
298
62
Leonardo
SpA
12,594
220
Melrose
Industries
PLC
41,891
312
MTU
Aero
Engines
AG
587
135
Rheinmetall
AG
49,305
17,265
Rolls-Royce
Holdings
PLC
(e)
13,427,668
50,977
Thales
SA
100,731
14,732
$
100,474
Agriculture
-
0
.83
%
British
American
Tobacco
PLC
599,760
17,683
Imperial
Brands
PLC
26,501
636
Japan
Tobacco
Inc
37,300
983
Wilmar
International
Ltd
59,800
147
$
19,449
Airlines
-
0
.58
%
ANA
Holdings
Inc
(e)
3,300
73
Deutsche
Lufthansa
AG
(e)
18,621
155
Japan
Airlines
Co
Ltd
4,400
85
Ryanair
Holdings
PLC
ADR
97,399
13,012
Singapore
Airlines
Ltd
46,400
230
$
13,555
Apparel
-
0
.98
%
Kering
SA
55,866
22,948
Automobile
Manufacturers
-
1
.35
%
Bayerische
Motoren
Werke
AG
9,923
1,033
Daimler
Truck
Holding
AG
16,646
595
Honda
Motor
Co
Ltd
1,805,714
20,184
Isuzu
Motors
Ltd
18,200
248
Mazda
Motor
Corp
17,700
215
Mercedes-Benz
Group
AG
24,970
1,686
Nissan
Motor
Co
Ltd
72,200
283
Renault
SA
5,981
225
Stellantis
NV
68,849
1,516
Subaru
Corp
19,100
381
Suzuki
Motor
Corp
11,500
517
Toyota
Motor
Corp
164,950
3,294
Volkswagen
AG
919
130
Volvo
AB
-
A
Shares
6,232
153
Volvo
AB
-
B
Shares
46,960
1,125
Volvo
Car
AB
(e)
19,139
50
$
31,635
Automobile
Parts
&
Equipment
-
2
.84
%
Aisin
Corp
4,600
172
Bridgestone
Corp
17,800
771
Cie
Generale
des
Etablissements
Michelin
SCA
637,304
21,160
Continental
AG
244,871
20,004
Koito
Manufacturing
Co
Ltd
1,162,352
17,795
Sumitomo
Electric
Industries
Ltd
22,300
296
Toyota
Industries
Corp
4,600
389
Valeo
SE
465,474
6,076
$
66,663
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Banks
-
8
.07
%
ABN
AMRO
Bank
NV
(f)
14,815
$
218
AIB
Group
PLC
24,449
107
ANZ
Group
Holdings
Ltd
93,524
1,650
Banco
Bilbao
Vizcaya
Argentaria
SA
185,643
1,738
Banco
BPM
SpA
24,520
132
Banco
Bradesco
SA
ADR
1,686,325
5,228
Banco
Santander
SA
503,646
2,024
Bank
Hapoalim
BM
39,534
336
Bank
Leumi
Le-Israel
BM
47,431
360
Bank
of
Ireland
Group
PLC
21,374
197
Banque
Cantonale
Vaudoise
938
120
Barclays
PLC
15,182,132
28,214
BNP
Paribas
SA
131,486
8,834
BOC
Hong
Kong
Holdings
Ltd
8,230,271
19,726
CaixaBank
SA
128,406
548
Chiba
Bank
Ltd/The
16,500
122
Commerzbank
AG
32,807
377
Concordia
Financial
Group
Ltd
33,000
157
Credit
Agricole
SA
33,251
476
Danske
Bank
A/S
21,465
576
Deutsche
Bank
AG
60,318
779
DNB
Bank
ASA
28,804
560
Erste
Group
Bank
AG
10,700
461
FinecoBank
Banca
Fineco
SpA
19,003
274
Hang
Seng
Bank
Ltd
23,800
248
HSBC
Holdings
PLC
394,150
3,077
ING
Groep
NV
1,349,765
19,178
Intesa
Sanpaolo
SpA
483,611
1,490
Israel
Discount
Bank
Ltd
38,496
187
Japan
Post
Bank
Co
Ltd
45,000
468
KBC
Group
NV
7,789
508
Lloyds
Banking
Group
PLC
1,977,558
1,060
Macquarie
Group
Ltd
11,425
1,410
Mediobanca
Banca
di
Credito
Finanziario
SpA
17,180
228
Mitsubishi
UFJ
Financial
Group
Inc
355,300
3,328
Mizrahi
Tefahot
Bank
Ltd
3,125
116
Mizuho
Financial
Group
Inc
75,000
1,362
National
Australia
Bank
Ltd
97,372
2,054
NatWest
Group
PLC
2,952,387
8,332
Nordea
Bank
Abp
99,637
1,228
Oversea-Chinese
Banking
Corp
Ltd
105,300
1,007
Resona
Holdings
Inc
66,100
365
Shizuoka
Financial
Group
Inc
14,600
134
Skandinaviska
Enskilda
Banken
AB
49,382
701
Societe
Generale
SA
22,988
591
Standard
Chartered
PLC
71,317
539
Sumitomo
Mitsui
Financial
Group
Inc
106,100
5,519
Sumitomo
Mitsui
Trust
Holdings
Inc
20,414
418
Svenska
Handelsbanken
AB
45,390
489
Swedbank
AB
26,421
539
UBS
Group
AG
35,823
1,072
UniCredit
SpA
881,270
25,814
United
Overseas
Bank
Ltd
1,561,160
32,907
Westpac
Banking
Corp
109,201
1,713
$
189,296
Beverages
-
2
.79
%
Anheuser-Busch
InBev
SA/NV
305,824
18,918
Asahi
Group
Holdings
Ltd
497,400
18,488
Carlsberg
AS
1,073
138
Coca-Cola
Europacific
Partners
PLC
6,425
443
Coca-Cola
HBC
AG
(e)
3,438
101
Diageo
PLC
734,035
26,512
Heineken
Holding
NV
4,033
338
JDE
Peet's
NV
(a)
3,134
77
Kirin
Holdings
Co
Ltd
24,100
346
Suntory
Beverage
&
Food
Ltd
4,300
140
Treasury
Wine
Estates
Ltd
8,977
63
$
65,564
Schedule
of
Investments
Overseas
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
183
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Building
Materials
-
0
.78
%
AGC
Inc
6,000
$
226
Cie
de
Saint-Gobain
SA
14,183
1,003
Heidelberg
Materials
AG
4,346
401
Holcim
AG
(e)
16,219
1,239
ROCKWOOL
A/S
296
81
Svenska
Cellulosa
AB
SCA
18,855
257
TOTO
Ltd
559,000
15,129
Xinyi
Glass
Holdings
Ltd
22,000
18
$
18,354
Chemicals
-
5
.06
%
Air
Liquide
SA
73,796
13,810
Akzo
Nobel
NV
582,474
44,741
Arkema
SA
174,342
18,974
Asahi
Kasei
Corp
39,000
296
BASF
SE
486,760
23,269
Clariant
AG
(e)
6,714
86
Covestro
AG
(e),(f)
3,912
207
Croda
International
PLC
41,080
2,486
DSM-Firmenich
AG
5,787
612
EMS-Chemie
Holding
AG
113
85
Evonik
Industries
AG
7,250
133
ICL
Group
Ltd
24,077
109
Mitsubishi
Chemical
Group
Corp
39,900
241
Mitsui
Chemicals
Inc
5,400
159
OCI
NV
3,283
94
Sumitomo
Chemical
Co
Ltd
43,800
103
Syensqo
SA
(e)
2,306
206
Toray
Industries
Inc
43,200
216
Tosoh
Corp
981,100
12,651
Umicore
SA
6,518
148
Wacker
Chemie
AG
587
64
Yara
International
ASA
5,153
170
$
118,860
Commercial
Services
-
2
.05
%
Adecco
Group
AG
4,979
215
Amadeus
IT
Group
SA
164,397
11,521
Bureau
Veritas
SA
3,317
88
Dai
Nippon
Printing
Co
Ltd
6,400
185
Randstad
NV
280,693
15,960
RELX
PLC
146,360
6,041
RELX
PLC
307,761
12,695
Secom
Co
Ltd
4,300
312
Securitas
AB
15,305
149
SGS
SA
1,633
151
TOPPAN
Holdings
Inc
7,600
210
Transurban
Group
62,460
549
Worldline
SA/France
(e),(f)
3,864
52
$
48,128
Computers
-
0
.02
%
Fujitsu
Ltd
1,900
263
Teleperformance
SE
926
145
$
408
Consumer
Products
-
1
.44
%
Henkel
AG
&
Co
KGaA
3,233
221
Reckitt
Benckiser
Group
PLC
463,088
33,482
$
33,703
Cosmetics
&
Personal
Care
-
0
.56
%
Kao
Corp
9,400
372
Kose
Corp
700
46
Shiseido
Co
Ltd
4,300
120
Unilever
PLC
256,913
12,501
$
13,039
Distribution
&
Wholesale
-
0
.26
%
ITOCHU
Corp
37,000
1,679
Marubeni
Corp
44,500
759
Mitsubishi
Corp
107,300
1,849
Mitsui
&
Co
Ltd
14,100
572
Sumitomo
Corp
32,300
743
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Distribution
&
Wholesale
(continued)
Toyota
Tsusho
Corp
6,600
$
433
$
6,035
Diversified
Financial
Services
-
3
.43
%
abrdn
plc
58,692
125
AerCap
Holdings
NV
(e)
6,230
477
Amundi
SA
(f)
1,911
129
ASX
Ltd
3,012
129
Azimut
Holding
SpA
491,725
13,709
Daiwa
Securities
Group
Inc
41,500
297
Euronext
NV
(f)
181,604
15,973
Hargreaves
Lansdown
PLC
11,070
107
Julius
Baer
Group
Ltd
601,531
32,748
Mitsubishi
HC
Capital
Inc
25,200
179
Nomura
Holdings
Inc
93,500
504
ORIX
Corp
36,500
705
SBI
Holdings
Inc
3,900
96
Schroders
PLC
25,085
128
St
James's
Place
PLC
1,856,462
15,282
$
80,588
Electric
-
4
.53
%
Chubu
Electric
Power
Co
Inc
20,100
261
CLP
Holdings
Ltd
2,311,000
18,381
E.ON
SE
69,867
945
EDP
-
Energias
de
Portugal
SA
97,655
435
EDP
Renovaveis
SA
6,213
101
Elia
Group
SA/NV
471
57
Endesa
SA
9,885
196
Enel
SpA
6,730,352
45,923
Engie
SA
56,839
908
Fortum
Oyj
698,739
9,552
Iberdrola
SA
1,088,836
13,110
Kansai
Electric
Power
Co
Inc/The
22,000
300
Mercury
NZ
Ltd
11,167
46
National
Grid
PLC
114,773
1,529
Orsted
AS
(f)
5,886
332
Power
Assets
Holdings
Ltd
43,500
255
Redeia
Corp
SA
12,629
210
RWE
AG
339,148
12,523
SSE
PLC
33,987
724
Terna
-
Rete
Elettrica
Nazionale
43,785
369
Tokyo
Electric
Power
Co
Holdings
Inc
(e)
47,600
253
$
106,410
Electrical
Components
&
Equipment
-
0
.01
%
Brother
Industries
Ltd
7,300
122
Electronics
-
2
.14
%
Assa
Abloy
AB
224,353
6,153
Kyocera
Corp
40,000
586
MINEBEA
MITSUMI
Inc
1,059,600
21,902
Murata
Manufacturing
Co
Ltd
1,068,400
21,573
$
50,214
Engineering
&
Construction
-
1
.36
%
Acciona
SA
768
99
ACS
Actividades
de
Construccion
y
Servicios
SA
6,493
256
ACS
Actividades
de
Construccion
y
Servicios
SA
-
Rights
(e)
6,493
3
Aena
SME
SA
(f)
92,529
16,369
Aeroports
de
Paris
SA
722
97
Auckland
International
Airport
Ltd
41,250
212
Bouygues
SA
5,935
217
CK
Infrastructure
Holdings
Ltd
19,500
116
Eiffage
SA
2,287
239
Ferrovial
SE
5,584
213
Kajima
Corp
13,200
236
Keppel
Ltd
45,300
241
Obayashi
Corp
20,300
188
Shimizu
Corp
16,200
108
Skanska
AB
10,588
184
Taisei
Corp
5,300
193
Schedule
of
Investments
Overseas
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
184
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Engineering
&
Construction
(continued)
Vinci
SA
102,981
$
13,009
$
31,980
Entertainment
-
0
.55
%
Entain
PLC
1,039,897
12,666
Genting
Singapore
Ltd
188,100
141
La
Francaise
des
Jeux
SAEM
(f)
3,269
133
Toho
Co
Ltd/Tokyo
1,700
55
$
12,995
Food
-
3
.42
%
Barry
Callebaut
AG
7,360
10,751
Carrefour
SA
659,970
11,267
CK
Hutchison
Holdings
Ltd
3,541,000
18,288
Danone
SA
316,127
21,061
J
Sainsbury
PLC
51,586
176
Kesko
Oyj
8,500
166
Koninklijke
Ahold
Delhaize
NV
29,899
841
MEIJI
Holdings
Co
Ltd
7,400
179
Mowi
ASA
14,483
261
Ocado
Group
PLC
(e)
9,312
64
Orkla
ASA
21,815
171
Salmar
ASA
1,517
84
Seven
&
i
Holdings
Co
Ltd
405,500
16,015
Tesco
PLC
221,149
801
WH
Group
Ltd
(f)
259,500
153
$
80,278
Food
Service
-
0
.48
%
Compass
Group
PLC
408,577
11,254
Forest
Products
&
Paper
-
0
.06
%
Holmen
AB
2,372
93
Mondi
PLC
13,736
246
Oji
Holdings
Corp
26,800
105
Smurfit
Kappa
Group
PLC
8,102
302
UPM-Kymmene
Oyj
16,609
604
$
1,350
Gas
-
0
.63
%
Centrica
PLC
7,847,741
13,734
Enagas
SA
7,746
126
Hong
Kong
&
China
Gas
Co
Ltd
349,300
249
Naturgy
Energy
Group
SA
3,923
106
Osaka
Gas
Co
Ltd
11,600
244
Snam
SpA
62,754
306
$
14,765
Hand
&
Machine
Tools
-
0
.94
%
Fuji
Electric
Co
Ltd
1,900
95
Makita
Corp
816,300
21,971
Schindler
Holding
AG
-
REG
256
61
$
22,127
Healthcare
-
Products
-
4
.04
%
EBOS
Group
Ltd
4,775
109
Elekta
AB
(a)
1,989,522
15,012
EssilorLuxottica
SA
3,211
629
FUJIFILM
Holdings
Corp
11,600
735
Getinge
AB
875,328
18,712
Koninklijke
Philips
NV
1,014,245
21,457
Olympus
Corp
1,192,800
17,658
Smith
&
Nephew
PLC
1,470,616
20,567
$
94,879
Healthcare
-
Services
-
0
.04
%
Eurofins
Scientific
SE
1,470
89
Fresenius
Medical
Care
AG
6,392
247
Fresenius
SE
&
Co
KGaA
13,145
369
Sonic
Healthcare
Ltd
14,024
292
$
997
Holding
Companies
-
Diversified
-
0
.02
%
Jardine
Matheson
Holdings
Ltd
5,018
201
Swire
Pacific
Ltd
13,000
101
Wharf
Holdings
Ltd/The
34,000
99
$
401
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Home
Builders
-
0
.84
%
Barratt
Developments
PLC
30,330
$
207
Berkeley
Group
Holdings
PLC
3,311
201
Daiwa
House
Industry
Co
Ltd
18,500
572
Iida
Group
Holdings
Co
Ltd
4,900
74
Open
House
Group
Co
Ltd
1,100
34
Persimmon
PLC
996,691
18,357
Sekisui
Chemical
Co
Ltd
11,900
170
Taylor
Wimpey
PLC
109,931
205
$
19,820
Home
Furnishings
-
0
.61
%
Electrolux
AB
(e)
1,470,617
13,756
Hoshizaki
Corp
1,200
44
Panasonic
Holdings
Corp
34,300
323
SEB
SA
774
95
Sharp
Corp/Japan
2,700
18
$
14,236
Insurance
-
5
.65
%
Admiral
Group
PLC
4,052
129
Aegon
Ltd
50,531
298
Ageas
SA/NV
4,973
214
AIA
Group
Ltd
1,841,600
14,443
Allianz
SE
82,316
21,993
ASR
Nederland
NV
4,933
233
Assicurazioni
Generali
SpA
31,541
704
Aviva
PLC
85,221
465
AXA
SA
556,380
18,675
Baloise
Holding
AG
1,426
228
Gjensidige
Forsikring
ASA
6,223
100
Helvetia
Holding
AG
1,156
167
Japan
Post
Holdings
Co
Ltd
64,600
618
Japan
Post
Insurance
Co
Ltd
5,900
111
Legal
&
General
Group
PLC
12,254,477
39,416
M&G
PLC
69,807
197
MS&AD
Insurance
Group
Holdings
Inc
13,400
553
NN
Group
NV
8,425
345
Phoenix
Group
Holdings
PLC
23,377
149
Prudential
PLC
2,750,650
28,256
Sampo
Oyj
14,048
588
Sompo
Holdings
Inc
9,200
477
Suncorp
Group
Ltd
39,530
364
Swiss
Life
Holding
AG
918
659
Swiss
Re
AG
3,285
376
T&D
Holdings
Inc
7,800
129
Talanx
AG
2,010
141
Tryg
A/S
10,865
232
Zurich
Insurance
Group
AG
4,554
2,314
$
132,574
Internet
-
0
.44
%
LY
Corp
83,200
259
Tencent
Holdings
Ltd
286,900
9,959
Trend
Micro
Inc/Japan
2,700
154
$
10,372
Investment
Companies
-
0
.05
%
Eurazeo
SE
1,355
115
EXOR
NV
2,913
282
Groupe
Bruxelles
Lambert
NV
2,740
208
Industrivarden
AB
-
A
Shares
2,715
86
Industrivarden
AB
-
C
Shares
2,956
93
L
E
Lundbergforetagen
AB
2,366
123
Sofina
SA
480
115
Washington
H
Soul
Pattinson
&
Co
Ltd
4,746
106
$
1,128
Iron
&
Steel
-
0
.11
%
ArcelorMittal
SA
15,923
438
BlueScope
Steel
Ltd
14,057
215
Fortescue
Ltd
52,700
1,019
JFE
Holdings
Inc
17,900
283
Nippon
Steel
Corp
26,600
640
Schedule
of
Investments
Overseas
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
185
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Iron
&
Steel
(continued)
voestalpine
AG
3,612
$
107
$
2,702
Leisure
Products
&
Services
-
0
.01
%
Yamaha
Corp
4,000
88
Yamaha
Motor
Co
Ltd
27,700
262
$
350
Lodging
-
0
.53
%
Accor
SA
299,954
11,846
City
Developments
Ltd
15,800
72
Galaxy
Entertainment
Group
Ltd
34,000
177
Sands
China
Ltd
(e)
48,800
128
Whitbread
PLC
3,007
136
$
12,359
Machinery
-
Construction
&
Mining
-
1
.38
%
Hitachi
Construction
Machinery
Co
Ltd
3,400
96
Hitachi
Ltd
18,800
1,477
Komatsu
Ltd
648,647
18,454
Mitsubishi
Electric
Corp
743,611
11,036
Mitsubishi
Heavy
Industries
Ltd
10,000
667
Sandvik
AB
16,590
349
Siemens
Energy
AG
(e)
16,168
240
$
32,319
Machinery
-
Diversified
-
2
.61
%
FANUC
Corp
773,700
21,402
GEA
Group
AG
270,393
10,829
Kone
Oyj
3,703
183
Kubota
Corp
20,300
307
Nabtesco
Corp
888,658
17,081
Omron
Corp
1,900
86
Valmet
Oyj
394,184
11,157
Wartsila
OYJ
Abp
14,732
217
$
61,262
Media
-
0
.02
%
Bollore
SE
22,961
152
Pearson
PLC
19,896
244
Vivendi
SE
10,416
117
$
513
Metal
Fabrication
&
Hardware
-
1
.70
%
NSK
Ltd
2,972,700
16,206
SKF
AB
1,190,956
23,468
Tenaris
SA
14,695
232
$
39,906
Mining
-
1
.78
%
Anglo
American
PLC
39,543
943
Antofagasta
PLC
12,271
267
BHP
Group
Ltd
102,529
3,137
Boliden
AB
536,277
14,234
Endeavour
Mining
PLC
5,746
102
Glencore
PLC
325,744
1,724
IGO
Ltd
14,237
69
Norsk
Hydro
ASA
41,289
242
Pilbara
Minerals
Ltd
(a)
32,147
73
Rio
Tinto
Ltd
11,552
994
Rio
Tinto
PLC
113,859
7,881
Sibanye
Stillwater
Ltd
(a)
9,712,836
11,705
South32
Ltd
141,139
306
Sumitomo
Metal
Mining
Co
Ltd
7,700
213
$
41,890
Miscellaneous
Manufacturers
-
1
.07
%
Alstom
SA
(a)
1,760,509
22,200
JSR
Corp
2,000
55
Siemens
AG
15,373
2,752
Smiths
Group
PLC
10,815
222
$
25,229
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Office
&
Business
Equipment
-
0
.05
%
Canon
Inc
31,200
$
860
Ricoh
Co
Ltd
17,100
134
Seiko
Epson
Corp
9,000
131
$
1,125
Oil
&
Gas
-
5
.83
%
Aker
BP
ASA
868,390
23,048
Ampol
Ltd
7,416
175
BP
PLC
5,643,362
32,960
DCC
PLC
(e)
3,074
224
ENEOS
Holdings
Inc
89,610
362
Eni
SpA
73,540
1,172
Equinor
ASA
645,341
18,467
Galp
Energia
SGPS
SA
5,112
81
Idemitsu
Kosan
Co
Ltd
30,200
168
Inpex
Corp
19,600
266
Neste
Oyj
13,165
454
OMV
AG
4,584
204
Repsol
SA
39,752
587
Santos
Ltd
101,070
511
Shell
PLC
852,399
26,679
Shell
PLC
205,925
6,384
Suncor
Energy
Inc
581,332
19,250
TotalEnergies
SE
71,315
4,627
Woodside
Energy
Group
Ltd
59,089
1,236
$
136,855
Oil
&
Gas
Services
-
0
.00
%
Seatrium
Ltd
(e)
708,600
53
Packaging
&
Containers
-
1
.26
%
DS
Smith
PLC
4,715,309
16,813
Stora
Enso
Oyj
997,227
12,689
$
29,502
Pharmaceuticals
-
6
.74
%
AstraZeneca
PLC
186,990
24,791
Bayer
AG
213,893
6,655
Eisai
Co
Ltd
3,900
184
GSK
PLC
1,421,707
28,118
Hikma
Pharmaceuticals
PLC
5,160
126
Ipsen
SA
425
49
Novartis
AG
231,619
23,953
Roche
Holding
AG
131,187
37,351
Sandoz
Group
AG
(e)
12,741
437
Sanofi
SA
200,147
20,043
Takeda
Pharmaceutical
Co
Ltd
546,600
16,065
Teva
Pharmaceutical
Industries
Ltd
ADR
(e)
34,881
422
$
158,194
Pipelines
-
1
.28
%
APA
Group
39,925
221
Enbridge
Inc
840,403
29,842
$
30,063
Private
Equity
-
0
.05
%
3i
Group
PLC
30,291
948
CapitaLand
Investment
Ltd/Singapore
80,900
178
$
1,126
Real
Estate
-
0
.22
%
Azrieli
Group
Ltd
1,363
92
CK
Asset
Holdings
Ltd
60,500
273
Daito
Trust
Construction
Co
Ltd
1,900
216
Fastighets
AB
Balder
(e)
20,290
135
Hang
Lung
Properties
Ltd
58,000
67
Henderson
Land
Development
Co
Ltd
45,438
118
Hongkong
Land
Holdings
Ltd
34,401
107
Hulic
Co
Ltd
12,000
133
LEG
Immobilien
SE
(e)
2,307
191
Mitsubishi
Estate
Co
Ltd
35,000
485
Mitsui
Fudosan
Co
Ltd
27,600
693
New
World
Development
Co
Ltd
48,451
59
Nomura
Real
Estate
Holdings
Inc
3,400
93
Sekisui
House
Ltd
18,500
418
Schedule
of
Investments
Overseas
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
186
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Real
Estate
(continued)
Sino
Land
Co
Ltd
114,000
$
119
Sumitomo
Realty
&
Development
Co
Ltd
8,900
280
Sun
Hung
Kai
Properties
Ltd
44,883
419
Swire
Properties
Ltd
36,400
68
Swiss
Prime
Site
AG
2,388
242
UOL
Group
Ltd
7,100
33
Vonovia
SE
22,817
711
Wharf
Real
Estate
Investment
Co
Ltd
52,000
152
$
5,104
REITs
-
1
.12
%
CapitaLand
Integrated
Commercial
Trust
165,699
247
Covivio
SA/France
1,624
79
Daiwa
House
REIT
Investment
Corp
72
127
Dexus
33,473
169
Gecina
SA
1,431
158
GLP
J-Reit
145
130
GPT
Group/The
59,614
180
Japan
Metropolitan
Fund
Invest
218
148
Japan
Real
Estate
Investment
Corp
40
153
KDX
Realty
Investment
Corp
129
140
Klepierre
SA
6,696
173
Land
Securities
Group
PLC
22,022
186
Link
REIT
3,346,322
16,784
Mapletree
Logistics
Trust
108,000
124
Mapletree
Pan
Asia
Commercial
Trust
73,400
80
Mirvac
Group
122,795
173
Nippon
Building
Fund
Inc
48
194
Nippon
Prologis
REIT
Inc
71
126
Nomura
Real
Estate
Master
Fund
Inc
133
146
Scentre
Group
161,523
321
Segro
PLC
516,937
5,741
Stockland
74,289
219
Unibail-Rodamco-Westfield
(e)
3,677
263
Vicinity
Ltd
120,417
160
Warehouses
De
Pauw
CVA
5,462
160
$
26,381
Retail
-
2
.20
%
Alimentation
Couche-Tard
Inc
195,408
11,450
Associated
British
Foods
PLC
727,722
21,555
Avolta
AG
(e)
2,043
78
Cie
Financiere
Richemont
SA
82,492
12,253
Jardine
Cycle
&
Carriage
Ltd
3,000
58
Kingfisher
PLC
2,108,329
5,862
Swatch
Group
AG/The
-
BR
900
211
Swatch
Group
AG/The
-
REG
1,692
77
USS
Co
Ltd
2,200
41
$
51,585
Semiconductors
-
3
.10
%
Infineon
Technologies
AG
234,828
8,561
Rohm
Co
Ltd
10,200
176
Samsung
Electronics
Co
Ltd
803,789
43,676
SK
Hynix
Inc
201,868
20,215
SUMCO
Corp
10,900
165
$
72,793
Software
-
1
.01
%
SAP
SE
136,218
23,599
Telecommunications
-
1
.62
%
BT
Group
PLC
201,132
285
Deutsche
Telekom
AG
1,178,682
28,934
Elisa
Oyj
2,878
131
Hikari
Tsushin
Inc
200
35
HKT
Trust
&
HKT
Ltd
118,000
142
KDDI
Corp
46,600
1,544
Koninklijke
KPN
NV
104,416
355
Nokia
OYJ
(a)
168,271
608
Orange
SA
57,947
689
SoftBank
Corp
89,400
1,188
SoftBank
Group
Corp
20,800
898
Spark
New
Zealand
Ltd
37,192
121
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Telecommunications
(continued)
Swisscom
AG
806
$
482
Tele2
AB
16,626
142
Telecom
Italia
SpA/Milano
(e)
310,081
93
Telefonaktiebolaget
LM
Ericsson
91,127
505
Telefonica
SA
152,109
619
Telenor
ASA
19,598
217
Telia
Co
AB
(a)
73,420
189
Telstra
Group
Ltd
62,925
166
Vodafone
Group
PLC
716,236
609
$
37,952
Transportation
-
1
.49
%
AP
Moller
-
Maersk
A/S
-
A
61
111
AP
Moller
-
Maersk
A/S
-
B
150
277
Aurizon
Holdings
Ltd
57,284
141
Canadian
Pacific
Kansas
City
Ltd
176,837
14,230
Central
Japan
Railway
Co
22,400
560
Deutsche
Post
AG
339,301
16,250
East
Japan
Railway
Co
9,400
538
Getlink
SE
7,231
125
Hankyu
Hanshin
Holdings
Inc
3,500
107
Kawasaki
Kisen
Kaisha
Ltd
2,800
136
Keisei
Electric
Railway
Co
Ltd
2,000
91
Kuehne
+
Nagel
International
AG
1,691
573
Mitsui
OSK
Lines
Ltd
10,700
384
MTR
Corp
Ltd
48,500
158
Nippon
Express
Holdings
Inc
2,300
137
Nippon
Yusen
KK
9,800
338
Odakyu
Electric
Railway
Co
Ltd
9,700
148
Poste
Italiane
SpA
(f)
16,259
176
SITC
International
Holdings
Co
Ltd
41,000
62
Tobu
Railway
Co
Ltd
3,000
79
Tokyu
Corp
10,200
120
West
Japan
Railway
Co
6,800
283
$
35,024
Water
-
0
.05
%
Severn
Trent
PLC
4,187
138
United
Utilities
Group
PLC
21,221
286
Veolia
Environnement
SA
21,150
689
$
1,113
TOTAL
COMMON
STOCKS
$
2,262,719
PREFERRED
STOCKS
-
1
.70
%
Shares
Held
Value
(000's)
Automobile
Manufacturers
-
0
.60
%
Bayerische
Motoren
Werke
AG
8.52%
1,834
$
179
Dr
Ing
hc
F
Porsche
AG
1.01%
(f)
150,603
12,787
Porsche
Automobil
Holding
SE
2.56%
4,765
238
Volkswagen
AG
8.76%
6,417
825
$
14,029
Consumer
Products
-
1
.10
%
Henkel
AG
&
Co
KGaA
1.85%
337,921
25,904
TOTAL
PREFERRED
STOCKS
$
39,933
Total
Investments
$
2,385,182
Other
Assets
and
Liabilities
- (1.63)%
(
38,274
)
TOTAL
NET
ASSETS
-
100.00%
$
2,346,908
(a)
Security
or
a
portion
of
the
security
was
on
loan. At
the
end
of
the
period,
the
value
of
these
securities
totaled
$35,069
or
1.49%
of
net
assets.
(b)
1-day
yield
shown
is
as
of
period
end.
(c)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$38,262
or
1.63%
of
net
assets.
(d)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(e)
Non-income
producing
security
Schedule
of
Investments
Overseas
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
187
(f)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$46,529
or
1.98%
of
net
assets.
Portfolio
Summary
Location
Percent
United
Kingdom
23
.06
%
Japan
14
.38
%
Germany
10
.30
%
France
10
.13
%
Switzerland
5
.45
%
Netherlands
5
.16
%
Hong
Kong
5
.09
%
Sweden
4
.14
%
Italy
3
.85
%
United
States
3
.52
%
Canada
3
.19
%
Korea,
Republic
Of
2
.72
%
Spain
2
.05
%
Norway
1
.83
%
Finland
1
.61
%
Singapore
1
.50
%
Belgium
0
.89
%
Australia
0
.76
%
Ireland
0
.61
%
South
Africa
0
.50
%
China
0
.42
%
Brazil
0
.22
%
Israel
0
.07
%
Denmark
0
.06
%
Luxembourg
0
.03
%
Austria
0
.03
%
Portugal
0
.02
%
New
Zealand
0
.01
%
Jordan
0
.01
%
Macao
0
.01
%
Chile
0
.01
%
Other
Assets
and
Liabilities
(
1
.63
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
59,132
$
279,878
$
271,510
$
67,500
$
59,132
$
279,878
$
271,510
$
67,500
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
600
$
—
$
—
$
—
$
600
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
eMini
MSCI
EAFE;
March
2024
Long
148
$
16,524
$
115
Total
$
115
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
Principal
Capital
Appreciation
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
188
INVESTMENT
COMPANIES
-
0
.98
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
0
.98
%
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(a),(b)
39,838,137
$
39,838
TOTAL
INVESTMENT
COMPANIES
$
39,838
COMMON
STOCKS
-
98
.23
%
Shares
Held
Value
(000's)
Aerospace
&
Defense
-
0
.76
%
RTX
Corp
336,342
$
30,647
Apparel
-
1
.14
%
Deckers
Outdoor
Corp
(c)
49,004
36,936
NIKE
Inc
90,702
9,209
$
46,145
Automobile
Manufacturers
-
2
.53
%
Cummins
Inc
137,154
32,821
PACCAR
Inc
495,954
49,789
Tesla
Inc
(c)
105,666
19,790
$
102,400
Banks
-
5
.02
%
East
West
Bancorp
Inc
190,051
13,838
JPMorgan
Chase
&
Co
572,968
99,903
Morgan
Stanley
441,442
38,511
PNC
Financial
Services
Group
Inc/The
338,175
51,135
$
203,387
Beverages
-
1
.25
%
Keurig
Dr
Pepper
Inc
975,283
30,663
Monster
Beverage
Corp
(c)
367,627
20,227
$
50,890
Biotechnology
-
1
.02
%
Recursion
Pharmaceuticals
Inc
(c)
399,938
3,763
Regeneron
Pharmaceuticals
Inc
(c)
23,305
21,972
Vertex
Pharmaceuticals
Inc
(c)
36,466
15,804
$
41,539
Building
Materials
-
2
.59
%
CRH
PLC
758,896
54,458
Trane
Technologies
PLC
201,452
50,776
$
105,234
Chemicals
-
0
.90
%
Linde
PLC
89,788
36,349
Computers
-
6
.44
%
Amdocs
Ltd
391,771
35,918
Apple
Inc
1,221,478
225,240
$
261,158
Consumer
Products
-
1
.60
%
Avery
Dennison
Corp
189,460
37,788
Church
&
Dwight
Co
Inc
271,597
27,119
$
64,907
Distribution
&
Wholesale
-
0
.25
%
Pool
Corp
26,764
9,936
Diversified
Financial
Services
-
5
.60
%
Ameriprise
Financial
Inc
130,223
50,374
BlackRock
Inc
30,082
23,293
Nasdaq
Inc
656,052
37,900
Visa
Inc
423,469
115,717
$
227,284
Electric
-
2
.25
%
Constellation
Energy
Corp
283,047
34,532
NextEra
Energy
Inc
529,836
31,064
Vistra
Corp
248,698
10,204
Xcel
Energy
Inc
257,413
15,411
$
91,211
Environmental
Control
-
1
.46
%
Republic
Services
Inc
346,135
59,231
Food
-
1
.44
%
Hershey
Co/The
91,901
17,786
Simply
Good
Foods
Co/The
(c)
1,072,398
40,537
$
58,323
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Healthcare
-
Products
-
2
.83
%
Abbott
Laboratories
431,613
$
48,837
GE
HealthCare
Technologies
Inc
325,121
23,851
Thermo
Fisher
Scientific
Inc
78,105
42,097
$
114,785
Healthcare
-
Services
-
2
.88
%
HCA
Healthcare
Inc
168,456
51,362
UnitedHealth
Group
Inc
128,014
65,510
$
116,872
Insurance
-
2
.26
%
Berkshire
Hathaway
Inc
-
Class
B
(c)
90,510
34,732
Marsh
&
McLennan
Cos
Inc
176,712
34,254
Progressive
Corp/The
127,351
22,700
$
91,686
Internet
-
9
.14
%
Airbnb
Inc
(c)
144,668
20,853
Alphabet
Inc
-
A
Shares
(c)
997,328
139,726
Amazon.com
Inc
(c)
727,656
112,932
Meta
Platforms
Inc
202,477
78,994
Netflix
Inc
(c)
25,490
14,379
Shopify
Inc
(c)
49,395
3,955
$
370,839
Leisure
Products
&
Services
-
0
.23
%
YETI
Holdings
Inc
(c)
213,375
9,382
Machinery
-
Construction
&
Mining
-
0
.76
%
Caterpillar
Inc
102,736
30,853
Machinery
-
Diversified
-
0
.83
%
Deere
&
Co
85,152
33,514
Media
-
1
.66
%
Charter
Communications
Inc
(c)
26,342
9,765
Comcast
Corp
-
Class
A
1,234,843
57,470
$
67,235
Miscellaneous
Manufacturers
-
1
.20
%
Parker-Hannifin
Corp
105,050
48,796
Oil
&
Gas
-
4
.12
%
Chevron
Corp
210,619
31,052
Coterra
Energy
Inc
756,639
18,825
EOG
Resources
Inc
279,112
31,760
Exxon
Mobil
Corp
400,496
41,175
Marathon
Petroleum
Corp
268,526
44,468
$
167,280
Pharmaceuticals
-
6
.10
%
CVS
Health
Corp
404,562
30,087
Eli
Lilly
&
Co
78,728
50,828
McKesson
Corp
87,090
43,535
Merck
&
Co
Inc
587,832
70,998
Novartis
AG
ADR
429,946
44,487
Roche
Holding
AG
ADR
213,607
7,506
$
247,441
Private
Equity
-
1
.03
%
KKR
&
Co
Inc
481,756
41,710
REITs
-
2
.33
%
American
Tower
Corp
141,040
27,595
Extra
Space
Storage
Inc
218,442
31,552
Prologis
Inc
280,009
35,474
$
94,621
Retail
-
6
.01
%
Chipotle
Mexican
Grill
Inc
(c)
2,090
5,034
Costco
Wholesale
Corp
115,429
80,209
Home
Depot
Inc/The
81,242
28,675
Lululemon
Athletica
Inc
(c)
9,761
4,430
O'Reilly
Automotive
Inc
(c)
37,671
38,539
Starbucks
Corp
137,284
12,772
Tractor
Supply
Co
143,762
32,289
Ulta
Beauty
Inc
(c)
67,723
34,001
Williams-Sonoma
Inc
40,526
7,837
$
243,786
Schedule
of
Investments
Principal
Capital
Appreciation
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
189
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Semiconductors
-
8
.73
%
Advanced
Micro
Devices
Inc
(c)
145,619
$
24,419
Broadcom
Inc
98,294
115,987
Lam
Research
Corp
62,929
51,927
Microchip
Technology
Inc
468,267
39,887
NVIDIA
Corp
197,694
121,635
$
353,855
Software
-
11
.18
%
Adobe
Inc
(c)
109,965
67,934
Fair
Isaac
Corp
(c)
29,717
35,626
Fiserv
Inc
(c)
112,924
16,021
Microsoft
Corp
672,195
267,251
Roper
Technologies
Inc
35,460
19,042
Salesforce
Inc
(c)
154,728
43,492
ServiceNow
Inc
(c)
5,175
3,961
$
453,327
Telecommunications
-
1
.40
%
T-Mobile
US
Inc
352,351
56,810
Transportation
-
1
.29
%
Expeditors
International
of
Washington
Inc
150,364
18,995
Union
Pacific
Corp
136,961
33,409
$
52,404
TOTAL
COMMON
STOCKS
$
3,983,837
Total
Investments
$
4,023,675
Other
Assets
and
Liabilities
- 0.79%
32,072
TOTAL
NET
ASSETS
-
100.00%
$
4,055,747
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
1-day
yield
shown
is
as
of
period
end.
(c)
Non-income
producing
security
Portfolio
Summary
Sector
Percent
Technology
26
.35
%
Consumer,
Non-cyclical
17
.12
%
Financial
16
.24
%
Communications
12
.20
%
Consumer,
Cyclical
10
.16
%
Industrial
8
.89
%
Energy
4
.12
%
Utilities
2
.25
%
Money
Market
Funds
0
.98
%
Basic
Materials
0
.90
%
Other
Assets
and
Liabilities
0
.79
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
89,715
$
201,898
$
251,775
$
39,838
$
89,715
$
201,898
$
251,775
$
39,838
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
525
$
—
$
—
$
—
$
525
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
Principal
LifeTime
2015
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
190
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
55
.33
%
Blue
Chip
Fund
(a)
257,328
$
10,445
Core
Fixed
Income
Fund
(a)
9,674,797
83,106
Diversified
International
Fund
(a)
1,030,619
13,398
Diversified
Real
Asset
Fund
(a)
523,005
5,648
International
Small
Company
Fund
(a)
198,542
1,964
LargeCap
Growth
Fund
I
(a)
566,629
10,160
MidCap
Fund
(a)
44,699
1,733
MidCap
Value
Fund
I
(a)
355,367
5,796
Origin
Emerging
Markets
Fund
(a)
359,493
3,358
SmallCap
Growth
Fund
I
(a),(b)
119,333
1,644
SmallCap
Value
Fund
II
(a)
154,029
1,802
$
139,054
Principal
Funds,
Inc.
Institutional
Class
-
44
.68
%
Equity
Income
Fund
(a)
239,467
9,035
High
Income
Fund
(a)
2,029,807
16,645
Inflation
Protection
Fund
(a)
1,953,413
15,022
LargeCap
S&P
500
Index
Fund
(a)
422,810
10,016
LargeCap
Value
Fund
III
(a)
506,300
9,159
MidCap
Growth
Fund
III
(a),(b)
374,536
4,247
Overseas
Fund
(a)
729,993
7,577
Short-Term
Income
Fund
(a)
3,419,664
40,592
$
112,293
TOTAL
INVESTMENT
COMPANIES
$
251,347
Total
Investments
$
251,347
Other
Assets
and
Liabilities
- (0.01)%
(
22
)
TOTAL
NET
ASSETS
-
100.00%
$
251,325
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Non-income
producing
security
Portfolio
Summary
Fund
Type
Percent
Fixed
Income
Funds
61
.82
%
Domestic
Equity
Funds
25
.48
%
International
Equity
Funds
10
.46
%
Specialty
Funds
2
.25
%
Other
Assets
and
Liabilities
(
0
.01
)
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
Principal
LifeTime
2015
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
191
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
9,558
$
115
$
1,159
$
10,445
Core
Fixed
Income
Fund
82,914
1,898
7,993
83,106
Diversified
International
Fund
12,820
534
1,209
13,398
Diversified
Real
Asset
Fund
5,768
123
573
5,648
Equity
Income
Fund
8,204
484
764
9,035
High
Income
Fund
16,628
529
1,484
16,645
Inflation
Protection
Fund
15,439
758
1,484
15,022
International
Small
Company
Fund
1,900
72
217
1,964
LargeCap
Growth
Fund
I
9,391
706
1,160
10,160
LargeCap
S&P
500
Index
Fund
9,216
513
743
10,016
LargeCap
Value
Fund
III
8,284
921
764
9,159
MidCap
Fund
1,564
68
160
1,733
MidCap
Growth
Fund
III
3,856
347
366
4,247
MidCap
Value
Fund
I
5,499
348
525
5,796
Origin
Emerging
Markets
Fund
3,345
125
296
3,358
Overseas
Fund
7,297
557
526
7,577
Short-Term
Income
Fund
42,408
910
3,790
40,592
SmallCap
Growth
Fund
I
1,552
30
206
1,644
SmallCap
Value
Fund
II
1,697
90
206
1,802
$
247,340
$
9,128
$
23,625
$
251,347
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
3
$
616
$
—
$
1,315
Core
Fixed
Income
Fund
735
(
985
)
—
7,272
Diversified
International
Fund
358
30
—
1,223
Diversified
Real
Asset
Fund
40
(
1
)
—
331
Equity
Income
Fund
48
189
63
922
High
Income
Fund
313
(
120
)
—
1,092
Inflation
Protection
Fund
542
1
—
308
International
Small
Company
Fund
40
1
—
208
LargeCap
Growth
Fund
I
9
322
585
901
LargeCap
S&P
500
Index
Fund
139
(
11
)
266
1,041
LargeCap
Value
Fund
III
160
94
123
624
MidCap
Fund
2
35
43
226
MidCap
Growth
Fund
III
—
14
293
396
MidCap
Value
Fund
I
83
55
189
419
Origin
Emerging
Markets
Fund
81
1
—
183
Overseas
Fund
338
9
143
240
Short-Term
Income
Fund
359
(
67
)
—
1,131
SmallCap
Growth
Fund
I
—
49
—
219
SmallCap
Value
Fund
II
52
3
8
218
$
3,302
$
235
$
1,713
$
18,269
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
2020
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
192
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
57
.57
%
Blue
Chip
Fund
(a)
3,040,544
$
123,416
Core
Fixed
Income
Fund
(a)
89,919,669
772,410
Diversified
International
Fund
(a)
12,497,205
162,464
Diversified
Real
Asset
Fund
(a)
4,851,164
52,392
International
Small
Company
Fund
(a)
2,395,629
23,693
LargeCap
Growth
Fund
I
(a)
6,703,285
120,190
MidCap
Fund
(a)
475,156
18,422
MidCap
Value
Fund
I
(a)
4,221,790
68,857
Origin
Emerging
Markets
Fund
(a)
4,180,646
39,047
SmallCap
Growth
Fund
I
(a),(b)
1,511,858
20,833
SmallCap
Value
Fund
II
(a)
1,815,148
21,237
$
1,422,961
Principal
Funds,
Inc.
Institutional
Class
-
42
.44
%
Equity
Income
Fund
(a)
2,834,632
106,951
High
Income
Fund
(a)
17,668,396
144,881
Inflation
Protection
Fund
(a)
17,034,856
130,998
LargeCap
S&P
500
Index
Fund
(a)
4,915,353
116,445
LargeCap
Value
Fund
III
(a)
5,995,225
108,453
MidCap
Growth
Fund
III
(a),(b)
4,598,739
52,150
Overseas
Fund
(a)
8,407,940
87,274
Short-Term
Income
Fund
(a)
25,437,227
301,940
$
1,049,092
TOTAL
INVESTMENT
COMPANIES
$
2,472,053
Total
Investments
$
2,472,053
Other
Assets
and
Liabilities
- (0.01)%
(
198
)
TOTAL
NET
ASSETS
-
100.00%
$
2,471,855
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Non-income
producing
security
Portfolio
Summary
Fund
Type
Percent
Fixed
Income
Funds
54
.62
%
Domestic
Equity
Funds
30
.63
%
International
Equity
Funds
12
.64
%
Specialty
Funds
2
.12
%
Other
Assets
and
Liabilities
(
0
.01
)
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
Principal
LifeTime
2020
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
193
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
109,706
$
144
$
8,894
$
123,416
Core
Fixed
Income
Fund
742,812
7,600
35,262
772,410
Diversified
International
Fund
150,063
4,471
6,936
162,464
Diversified
Real
Asset
Fund
51,633
430
2,648
52,392
Equity
Income
Fund
93,924
4,402
4,288
106,951
High
Income
Fund
139,892
2,859
6,142
144,881
Inflation
Protection
Fund
129,712
4,829
6,143
130,998
International
Small
Company
Fund
21,951
512
1,217
23,693
LargeCap
Growth
Fund
I
107,827
7,065
8,894
120,190
LargeCap
S&P
500
Index
Fund
104,020
4,765
4,077
116,445
LargeCap
Value
Fund
III
94,775
9,626
4,288
108,453
MidCap
Fund
16,107
495
901
18,422
MidCap
Growth
Fund
III
45,751
3,613
2,118
52,150
MidCap
Value
Fund
I
63,070
3,263
2,965
68,857
Origin
Emerging
Markets
Fund
37,627
980
1,642
39,047
Overseas
Fund
81,866
5,560
2,913
87,274
Short-Term
Income
Fund
304,581
2,961
13,396
301,940
SmallCap
Growth
Fund
I
18,727
30
1,218
20,833
SmallCap
Value
Fund
II
19,168
721
1,165
21,237
$
2,333,212
$
64,326
$
115,107
$
2,472,053
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
39
$
5,226
$
—
$
17,234
Core
Fixed
Income
Fund
6,732
(
4,303
)
—
61,563
Diversified
International
Fund
4,300
(
33
)
—
14,899
Diversified
Real
Asset
Fund
364
96
—
2,881
Equity
Income
Fund
558
919
738
11,994
High
Income
Fund
2,708
(
206
)
—
8,478
Inflation
Protection
Fund
4,678
(
272
)
—
2,872
International
Small
Company
Fund
482
3
—
2,444
LargeCap
Growth
Fund
I
108
1,307
6,851
12,885
LargeCap
S&P
500
Index
Fund
1,598
(
31
)
3,067
11,768
LargeCap
Value
Fund
III
1,874
533
1,435
7,807
MidCap
Fund
21
247
451
2,474
MidCap
Growth
Fund
III
—
38
3,560
4,866
MidCap
Value
Fund
I
972
312
2,218
5,177
Origin
Emerging
Markets
Fund
939
7
—
2,075
Overseas
Fund
3,860
149
1,628
2,612
Short-Term
Income
Fund
2,631
28
—
7,766
SmallCap
Growth
Fund
I
—
10
—
3,284
SmallCap
Value
Fund
II
604
(
2
)
89
2,515
$
32,468
$
4,028
$
20,037
$
185,594
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
2025
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
194
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
59
.96
%
Blue
Chip
Fund
(a)
2,297,133
$
93,241
Core
Fixed
Income
Fund
(a)
53,854,368
462,609
Diversified
International
Fund
(a)
9,116,114
118,510
Diversified
Real
Asset
Fund
(a)
3,545,761
38,294
International
Small
Company
Fund
(a)
1,839,774
18,195
LargeCap
Growth
Fund
I
(a)
5,088,468
91,236
MidCap
Fund
(a)
390,087
15,124
MidCap
Value
Fund
I
(a)
3,088,294
50,370
Origin
Emerging
Markets
Fund
(a)
3,105,357
29,004
SmallCap
Growth
Fund
I
(a),(b)
1,077,642
14,850
SmallCap
Value
Fund
II
(a)
1,372,593
16,059
$
947,492
Principal
Funds,
Inc.
Institutional
Class
-
40
.05
%
Equity
Income
Fund
(a)
2,153,951
81,269
High
Income
Fund
(a)
9,761,450
80,044
Inflation
Protection
Fund
(a)
9,451,898
72,685
LargeCap
S&P
500
Index
Fund
(a)
3,787,144
89,717
LargeCap
Value
Fund
III
(a)
4,551,331
82,334
MidCap
Growth
Fund
III
(a),(b)
3,329,175
37,753
Overseas
Fund
(a)
6,125,433
63,582
Short-Term
Income
Fund
(a)
10,562,808
125,380
$
632,764
TOTAL
INVESTMENT
COMPANIES
$
1,580,256
Total
Investments
$
1,580,256
Other
Assets
and
Liabilities
- (0.01)%
(
93
)
TOTAL
NET
ASSETS
-
100.00%
$
1,580,163
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Non-income
producing
security
Portfolio
Summary
Fund
Type
Percent
Fixed
Income
Funds
46
.89
%
Domestic
Equity
Funds
36
.20
%
International
Equity
Funds
14
.50
%
Specialty
Funds
2
.42
%
Other
Assets
and
Liabilities
(
0
.01
)
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
Principal
LifeTime
2025
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
195
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
82,517
$
702
$
6,906
$
93,241
Core
Fixed
Income
Fund
443,173
8,468
23,330
462,609
Diversified
International
Fund
109,096
4,224
5,638
118,510
Diversified
Real
Asset
Fund
37,357
617
1,843
38,294
Equity
Income
Fund
71,110
3,888
3,538
81,269
High
Income
Fund
77,020
2,212
3,759
80,044
Inflation
Protection
Fund
71,689
3,324
3,760
72,685
International
Small
Company
Fund
16,782
569
1,032
18,195
LargeCap
Growth
Fund
I
81,448
5,967
6,907
91,236
LargeCap
S&P
500
Index
Fund
79,895
4,267
3,464
89,717
LargeCap
Value
Fund
III
71,825
7,716
3,537
82,334
MidCap
Fund
13,111
530
737
15,124
MidCap
Growth
Fund
III
32,997
2,911
1,695
37,753
MidCap
Value
Fund
I
45,961
2,801
2,395
50,370
Origin
Emerging
Markets
Fund
27,864
960
1,364
29,004
Overseas
Fund
59,510
4,470
2,397
63,582
Short-Term
Income
Fund
126,034
2,263
6,156
125,380
SmallCap
Growth
Fund
I
13,301
189
995
14,850
SmallCap
Value
Fund
II
14,434
716
995
16,059
$
1,475,124
$
56,794
$
80,448
$
1,580,256
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
29
$
3,645
$
—
$
13,283
Core
Fixed
Income
Fund
4,031
(
445
)
—
34,743
Diversified
International
Fund
3,152
(
22
)
—
10,850
Diversified
Real
Asset
Fund
267
(
6
)
—
2,169
Equity
Income
Fund
426
(
31
)
565
9,840
High
Income
Fund
1,497
70
—
4,501
Inflation
Protection
Fund
2,609
(
3
)
—
1,435
International
Small
Company
Fund
372
1
—
1,875
LargeCap
Growth
Fund
I
82
63
5,212
10,665
LargeCap
S&P
500
Index
Fund
1,236
1
2,372
9,018
LargeCap
Value
Fund
III
1,433
(
6
)
1,097
6,336
MidCap
Fund
17
6
372
2,214
MidCap
Growth
Fund
III
—
21
2,589
3,519
MidCap
Value
Fund
I
715
(
8
)
1,630
4,011
Origin
Emerging
Markets
Fund
701
6
—
1,538
Overseas
Fund
2,824
19
1,190
1,980
Short-Term
Income
Fund
1,092
39
—
3,200
SmallCap
Growth
Fund
I
—
187
—
2,168
SmallCap
Value
Fund
II
460
—
67
1,904
$
20,943
$
3,537
$
15,094
$
125,249
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
2030
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
196
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
69
.29
%
Blue
Chip
Fund
(a)
9,159,877
$
371,799
Core
Fixed
Income
Fund
(a)
208,589,463
1,791,784
Diversified
International
Fund
(a)
37,101,738
482,323
International
Small
Company
Fund
(a)
7,767,787
76,823
LargeCap
Growth
Fund
I
(a)
20,224,537
362,626
MidCap
Fund
(a)
1,571,871
60,941
MidCap
Value
Fund
I
(a)
12,703,368
207,192
Origin
Emerging
Markets
Fund
(a)
12,617,487
117,847
Real
Estate
Securities
Fund
(a)
4,499,046
119,135
SmallCap
Growth
Fund
I
(a),(b)
4,348,622
59,924
SmallCap
Value
Fund
II
(a)
5,792,475
67,772
$
3,718,166
Principal
Funds,
Inc.
Institutional
Class
-
30
.72
%
Equity
Income
Fund
(a)
8,577,976
323,647
High
Income
Fund
(a)
30,229,765
247,884
LargeCap
S&P
500
Index
Fund
(a)
14,244,532
337,453
LargeCap
Value
Fund
III
(a)
18,110,410
327,618
MidCap
Growth
Fund
III
(a),(b)
13,506,091
153,159
Overseas
Fund
(a)
24,897,674
258,438
$
1,648,199
TOTAL
INVESTMENT
COMPANIES
$
5,366,365
Total
Investments
$
5,366,365
Other
Assets
and
Liabilities
- (0.01)%
(
411
)
TOTAL
NET
ASSETS
-
100.00%
$
5,365,954
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Non-income
producing
security
Portfolio
Summary
Fund
Type
Percent
Domestic
Equity
Funds
44
.56
%
Fixed
Income
Funds
38
.01
%
International
Equity
Funds
17
.44
%
Other
Assets
and
Liabilities
(
0
.01
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
325,696
$
1,145
$
22,074
$
371,799
Core
Fixed
Income
Fund
1,693,421
22,063
55,037
1,791,784
Diversified
International
Fund
438,145
14,357
13,758
482,323
Equity
Income
Fund
279,512
14,099
8,619
323,647
High
Income
Fund
235,538
5,455
7,106
247,884
International
Small
Company
Fund
69,724
1,862
2,571
76,823
LargeCap
Growth
Fund
I
320,448
21,922
22,073
362,626
LargeCap
S&P
500
Index
Fund
297,619
14,470
8,316
337,453
LargeCap
Value
Fund
III
282,517
28,751
8,617
327,618
MidCap
Fund
52,129
1,764
1,814
60,941
MidCap
Growth
Fund
III
132,217
10,906
4,157
153,159
MidCap
Value
Fund
I
186,616
10,269
5,973
207,192
Origin
Emerging
Markets
Fund
111,768
3,221
3,326
117,847
Overseas
Fund
239,426
16,903
5,897
258,438
Real
Estate
Securities
Fund
107,471
1,222
3,779
119,135
SmallCap
Growth
Fund
I
52,766
298
2,496
59,924
SmallCap
Value
Fund
II
59,882
2,495
2,495
67,772
$
4,884,895
$
171,202
$
178,108
$
5,366,365
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
116
$
(
542
)
$
—
$
67,574
Core
Fixed
Income
Fund
15,492
315
—
131,022
Diversified
International
Fund
12,715
(
44
)
—
43,623
Equity
Income
Fund
1,682
50
2,217
38,605
High
Income
Fund
4,606
60
—
13,937
International
Small
Company
Fund
1,555
5
—
7,803
LargeCap
Growth
Fund
I
325
(
367
)
20,567
42,696
LargeCap
S&P
500
Index
Fund
4,618
(
35
)
8,860
33,715
LargeCap
Value
Fund
III
5,654
487
4,329
24,480
MidCap
Fund
69
13
1,479
8,849
MidCap
Growth
Fund
III
—
18
10,410
14,175
MidCap
Value
Fund
I
2,913
(
1
)
6,642
16,281
Origin
Emerging
Markets
Fund
2,824
9
—
6,175
Overseas
Fund
11,396
49
4,803
7,957
Real
Estate
Securities
Fund
771
(
607
)
—
14,828
SmallCap
Growth
Fund
I
—
271
—
9,085
SmallCap
Value
Fund
II
1,916
1
281
7,889
$
66,652
$
(
318
)
$
59,588
$
488,694
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
2035
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
197
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
66
.21
%
Blue
Chip
Fund
(a)
3,552,631
$
144,201
Core
Fixed
Income
Fund
(a)
53,535,577
459,871
Diversified
International
Fund
(a)
14,637,778
190,291
International
Small
Company
Fund
(a)
2,939,719
29,074
LargeCap
Growth
Fund
I
(a)
7,849,359
140,739
MidCap
Fund
(a)
737,035
28,575
MidCap
Value
Fund
I
(a)
4,967,424
81,019
Origin
Emerging
Markets
Fund
(a)
4,900,492
45,770
Real
Estate
Securities
Fund
(a)
1,530,693
40,533
SmallCap
Growth
Fund
I
(a),(b)
1,699,954
23,425
SmallCap
Value
Fund
II
(a)
2,227,411
26,061
$
1,209,559
Principal
Funds,
Inc.
Institutional
Class
-
33
.80
%
Equity
Income
Fund
(a)
3,336,210
125,875
High
Income
Fund
(a)
9,196,961
75,415
LargeCap
S&P
500
Index
Fund
(a)
5,668,725
134,292
LargeCap
Value
Fund
III
(a)
7,038,507
127,327
MidCap
Growth
Fund
III
(a),(b)
4,861,602
55,130
Overseas
Fund
(a)
9,566,267
99,298
$
617,337
TOTAL
INVESTMENT
COMPANIES
$
1,826,896
Total
Investments
$
1,826,896
Other
Assets
and
Liabilities
- (0.01)%
(
95
)
TOTAL
NET
ASSETS
-
100.00%
$
1,826,801
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Non-income
producing
security
Portfolio
Summary
Fund
Type
Percent
Domestic
Equity
Funds
50
.75
%
Fixed
Income
Funds
29
.30
%
International
Equity
Funds
19
.96
%
Other
Assets
and
Liabilities
(
0
.01
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
125,988
$
1,639
$
9,394
$
144,201
Core
Fixed
Income
Fund
433,469
10,603
17,901
459,871
Diversified
International
Fund
172,426
7,581
6,895
190,291
Equity
Income
Fund
108,515
6,629
4,307
125,875
High
Income
Fund
71,487
2,420
2,751
75,415
International
Small
Company
Fund
26,306
1,046
1,230
29,074
LargeCap
Growth
Fund
I
124,019
9,716
9,392
140,739
LargeCap
S&P
500
Index
Fund
118,182
6,937
4,209
134,292
LargeCap
Value
Fund
III
109,767
12,158
4,306
127,327
MidCap
Fund
24,266
1,048
873
28,575
MidCap
Growth
Fund
III
47,578
4,543
2,104
55,130
MidCap
Value
Fund
I
72,774
4,839
2,946
81,019
Origin
Emerging
Markets
Fund
43,309
1,711
1,651
45,770
Overseas
Fund
91,849
7,330
2,945
99,298
Real
Estate
Securities
Fund
36,454
862
1,619
40,533
SmallCap
Growth
Fund
I
20,523
443
1,197
23,425
SmallCap
Value
Fund
II
22,934
1,291
1,197
26,061
$
1,649,846
$
80,796
$
74,917
$
1,826,896
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
45
$
(
192
)
$
—
$
26,160
Core
Fixed
Income
Fund
3,975
(
1
)
—
33,701
Diversified
International
Fund
5,029
(
10
)
—
17,189
Equity
Income
Fund
656
(
5
)
865
15,043
High
Income
Fund
1,401
6
—
4,253
International
Small
Company
Fund
590
1
—
2,951
LargeCap
Growth
Fund
I
126
74
7,996
16,322
LargeCap
S&P
500
Index
Fund
1,844
2
3,535
13,380
LargeCap
Value
Fund
III
2,210
2
1,691
9,706
MidCap
Fund
32
4
693
4,130
MidCap
Growth
Fund
III
—
2
3,764
5,111
MidCap
Value
Fund
I
1,144
1
2,605
6,351
Origin
Emerging
Markets
Fund
1,100
3
—
2,398
Overseas
Fund
4,389
1
1,850
3,063
Real
Estate
Securities
Fund
263
—
—
4,836
SmallCap
Growth
Fund
I
—
(
62
)
—
3,718
SmallCap
Value
Fund
II
740
—
108
3,033
$
23,544
$
(
174
)
$
23,107
$
171,345
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
2040
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
198
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
62
.38
%
Blue
Chip
Fund
(a)
9,944,112
$
403,632
Core
Fixed
Income
Fund
(a)
76,819,838
659,882
Diversified
International
Fund
(a)
40,891,674
531,592
International
Small
Company
Fund
(a)
8,462,175
83,691
LargeCap
Growth
Fund
I
(a)
21,964,305
393,820
MidCap
Fund
(a)
2,066,143
80,104
MidCap
Value
Fund
I
(a)
13,860,256
226,061
Origin
Emerging
Markets
Fund
(a)
13,927,346
130,081
Real
Estate
Securities
Fund
(a)
3,662,403
96,981
SmallCap
Growth
Fund
I
(a),(b)
4,880,357
67,251
SmallCap
Value
Fund
II
(a)
6,179,693
72,302
$
2,745,397
Principal
Funds,
Inc.
Institutional
Class
-
37
.63
%
Equity
Income
Fund
(a)
9,328,124
351,950
High
Income
Fund
(a)
15,837,538
129,868
LargeCap
S&P
500
Index
Fund
(a)
16,185,886
383,444
LargeCap
Value
Fund
III
(a)
19,682,041
356,048
MidCap
Growth
Fund
III
(a),(b)
13,716,849
155,549
Overseas
Fund
(a)
26,890,735
279,126
$
1,655,985
TOTAL
INVESTMENT
COMPANIES
$
4,401,382
Total
Investments
$
4,401,382
Other
Assets
and
Liabilities
- (0.01)%
(
309
)
TOTAL
NET
ASSETS
-
100.00%
$
4,401,073
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Non-income
producing
security
Portfolio
Summary
Fund
Type
Percent
Domestic
Equity
Funds
58
.79
%
International
Equity
Funds
23
.28
%
Fixed
Income
Funds
17
.94
%
Other
Assets
and
Liabilities
(
0
.01
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
351,368
$
1,647
$
21,816
$
403,632
Core
Fixed
Income
Fund
618,655
8,917
15,755
659,882
Diversified
International
Fund
479,256
16,400
11,768
531,592
Equity
Income
Fund
301,828
15,717
7,409
351,950
High
Income
Fund
122,483
3,003
2,907
129,868
International
Small
Company
Fund
75,280
2,133
2,157
83,691
LargeCap
Growth
Fund
I
345,766
24,144
21,817
393,820
LargeCap
S&P
500
Index
Fund
335,929
16,773
7,314
383,444
LargeCap
Value
Fund
III
305,245
31,203
7,408
356,048
MidCap
Fund
67,736
2,329
1,501
80,104
MidCap
Growth
Fund
III
133,473
11,271
3,517
155,549
MidCap
Value
Fund
I
201,997
11,410
4,970
226,061
Origin
Emerging
Markets
Fund
122,475
3,698
2,860
130,081
Overseas
Fund
257,106
18,491
5,017
279,126
Real
Estate
Securities
Fund
86,740
1,107
2,343
96,981
SmallCap
Growth
Fund
I
58,468
414
2,017
67,251
SmallCap
Value
Fund
II
63,238
2,748
2,018
72,302
$
3,927,043
$
171,405
$
122,594
$
4,401,382
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
126
$
(
678
)
$
—
$
73,111
Core
Fixed
Income
Fund
5,681
(
2
)
—
48,067
Diversified
International
Fund
13,983
(
19
)
—
47,723
Equity
Income
Fund
1,826
(
6
)
2,403
41,820
High
Income
Fund
2,406
—
—
7,289
International
Small
Company
Fund
1,690
7
—
8,428
LargeCap
Growth
Fund
I
352
64
22,270
45,663
LargeCap
S&P
500
Index
Fund
5,233
(
2
)
10,038
38,058
LargeCap
Value
Fund
III
6,135
17
4,696
26,991
MidCap
Fund
90
9
1,931
11,531
MidCap
Growth
Fund
III
—
(
1
)
10,549
14,323
MidCap
Value
Fund
I
3,168
5
7,222
17,619
Origin
Emerging
Markets
Fund
3,110
7
—
6,761
Overseas
Fund
12,286
(
16
)
5,175
8,562
Real
Estate
Securities
Fund
626
(
6
)
—
11,483
SmallCap
Growth
Fund
I
—
45
—
10,341
SmallCap
Value
Fund
II
2,035
1
298
8,333
$
58,747
$
(
575
)
$
64,582
$
426,103
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
2045
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
199
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
60
.06
%
Blue
Chip
Fund
(a)
3,728,629
$
151,345
Core
Fixed
Income
Fund
(a)
14,109,655
121,202
Diversified
International
Fund
(a)
15,516,042
201,709
International
Small
Company
Fund
(a)
3,223,899
31,884
LargeCap
Growth
Fund
I
(a)
8,244,061
147,816
MidCap
Fund
(a)
766,830
29,730
MidCap
Value
Fund
I
(a)
5,227,880
85,267
Origin
Emerging
Markets
Fund
(a)
5,162,958
48,222
Real
Estate
Securities
Fund
(a)
1,245,621
32,984
SmallCap
Growth
Fund
I
(a),(b)
1,849,729
25,489
SmallCap
Value
Fund
II
(a)
2,325,541
27,209
$
902,857
Principal
Funds,
Inc.
Institutional
Class
-
39
.95
%
Equity
Income
Fund
(a)
3,511,990
132,507
High
Income
Fund
(a)
3,796,060
31,127
LargeCap
S&P
500
Index
Fund
(a)
5,992,728
141,968
LargeCap
Value
Fund
III
(a)
7,403,319
133,926
MidCap
Growth
Fund
III
(a),(b)
5,148,056
58,379
Overseas
Fund
(a)
9,884,465
102,601
$
600,508
TOTAL
INVESTMENT
COMPANIES
$
1,503,365
Total
Investments
$
1,503,365
Other
Assets
and
Liabilities
- (0.01)%
(
77
)
TOTAL
NET
ASSETS
-
100.00%
$
1,503,288
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Non-income
producing
security
Portfolio
Summary
Fund
Type
Percent
Domestic
Equity
Funds
64
.30
%
International
Equity
Funds
25
.58
%
Fixed
Income
Funds
10
.13
%
Other
Assets
and
Liabilities
(
0
.01
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
129,917
$
2,570
$
8,054
$
151,345
Core
Fixed
Income
Fund
111,759
3,660
2,959
121,202
Diversified
International
Fund
179,044
9,313
4,552
201,709
Equity
Income
Fund
111,978
7,769
2,845
132,507
High
Income
Fund
28,905
1,208
716
31,127
International
Small
Company
Fund
28,167
1,375
829
31,884
LargeCap
Growth
Fund
I
127,920
10,978
8,056
147,816
LargeCap
S&P
500
Index
Fund
122,706
8,117
2,795
141,968
LargeCap
Value
Fund
III
113,347
13,352
2,845
133,926
MidCap
Fund
24,806
1,266
586
29,730
MidCap
Growth
Fund
III
49,290
5,156
1,366
58,379
MidCap
Value
Fund
I
75,018
5,636
1,952
85,267
Origin
Emerging
Markets
Fund
44,727
2,113
1,090
48,222
Overseas
Fund
93,345
8,111
1,935
102,601
Real
Estate
Securities
Fund
29,009
933
814
32,984
SmallCap
Growth
Fund
I
21,690
692
781
25,489
SmallCap
Value
Fund
II
23,328
1,552
763
27,209
$
1,314,956
$
83,801
$
42,938
$
1,503,365
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
47
$
(
188
)
$
—
$
27,100
Core
Fixed
Income
Fund
1,036
(
1
)
—
8,743
Diversified
International
Fund
5,276
3
—
17,901
Equity
Income
Fund
684
—
901
15,605
High
Income
Fund
573
—
—
1,730
International
Small
Company
Fund
640
1
—
3,170
LargeCap
Growth
Fund
I
132
61
8,323
16,913
LargeCap
S&P
500
Index
Fund
1,932
3
3,705
13,937
LargeCap
Value
Fund
III
2,306
7
1,765
10,065
MidCap
Fund
33
2
713
4,242
MidCap
Growth
Fund
III
—
—
3,945
5,299
MidCap
Value
Fund
I
1,191
2
2,714
6,563
Origin
Emerging
Markets
Fund
1,147
1
—
2,471
Overseas
Fund
4,499
1
1,897
3,079
Real
Estate
Securities
Fund
211
—
—
3,856
SmallCap
Growth
Fund
I
—
15
—
3,873
SmallCap
Value
Fund
II
762
—
112
3,092
$
20,469
$
(
93
)
$
24,075
$
147,639
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
2050
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
200
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
58
.33
%
Blue
Chip
Fund
(a)
7,970,403
$
323,519
Core
Fixed
Income
Fund
(a)
10,061,058
86,424
Diversified
International
Fund
(a)
32,766,447
425,964
International
Small
Company
Fund
(a)
6,775,146
67,006
LargeCap
Growth
Fund
I
(a)
17,604,582
315,650
MidCap
Fund
(a)
1,658,440
64,298
MidCap
Value
Fund
I
(a)
11,144,134
181,761
Origin
Emerging
Markets
Fund
(a)
11,130,465
103,958
Real
Estate
Securities
Fund
(a)
2,467,520
65,340
SmallCap
Growth
Fund
I
(a),(b)
3,920,887
54,030
SmallCap
Value
Fund
II
(a)
4,954,858
57,972
$
1,745,922
Principal
Funds,
Inc.
Institutional
Class
-
41
.68
%
Equity
Income
Fund
(a)
7,486,301
282,458
High
Income
Fund
(a)
3,655,963
29,979
LargeCap
S&P
500
Index
Fund
(a)
12,804,804
303,346
LargeCap
Value
Fund
III
(a)
15,791,026
285,659
MidCap
Growth
Fund
III
(a),(b)
10,890,218
123,495
Overseas
Fund
(a)
21,466,347
222,821
$
1,247,758
TOTAL
INVESTMENT
COMPANIES
$
2,993,680
Total
Investments
$
2,993,680
Other
Assets
and
Liabilities
- (0.01)%
(
249
)
TOTAL
NET
ASSETS
-
100.00%
$
2,993,431
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Non-income
producing
security
Portfolio
Summary
Fund
Type
Percent
Domestic
Equity
Funds
68
.74
%
International
Equity
Funds
27
.38
%
Fixed
Income
Funds
3
.89
%
Other
Assets
and
Liabilities
(
0
.01
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
283,060
$
2,751
$
20,630
$
323,519
Core
Fixed
Income
Fund
81,701
1,708
3,345
86,424
Diversified
International
Fund
386,671
15,550
14,749
425,964
Equity
Income
Fund
243,876
13,987
9,243
282,458
High
Income
Fund
28,493
870
1,082
29,979
International
Small
Company
Fund
60,749
2,145
2,704
67,006
LargeCap
Growth
Fund
I
278,585
20,928
20,629
315,650
LargeCap
S&P
500
Index
Fund
267,475
14,844
9,245
303,346
LargeCap
Value
Fund
III
246,745
26,298
9,243
285,659
MidCap
Fund
54,711
2,186
1,918
64,298
MidCap
Growth
Fund
III
106,728
9,732
4,425
123,495
MidCap
Value
Fund
I
163,524
10,243
6,293
181,761
Origin
Emerging
Markets
Fund
98,550
3,540
3,589
103,958
Overseas
Fund
206,417
15,874
6,342
222,821
Real
Estate
Securities
Fund
58,831
1,131
2,458
65,340
SmallCap
Growth
Fund
I
47,431
747
2,606
54,030
SmallCap
Value
Fund
II
51,155
2,643
2,606
57,972
$
2,664,702
$
145,177
$
121,107
$
2,993,680
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
102
$
(
683
)
$
—
$
59,021
Core
Fixed
Income
Fund
750
5
—
6,355
Diversified
International
Fund
11,323
(
16
)
—
38,508
Equity
Income
Fund
1,481
(
2
)
1,947
33,840
High
Income
Fund
560
—
—
1,698
International
Small
Company
Fund
1,370
11
—
6,805
LargeCap
Growth
Fund
I
284
152
17,994
36,614
LargeCap
S&P
500
Index
Fund
4,179
(
7
)
8,015
30,279
LargeCap
Value
Fund
III
4,977
46
3,809
21,813
MidCap
Fund
73
2
1,563
9,317
MidCap
Growth
Fund
III
—
(
1
)
8,464
11,461
MidCap
Value
Fund
I
2,573
—
5,866
14,287
Origin
Emerging
Markets
Fund
2,511
3
—
5,454
Overseas
Fund
9,891
(
37
)
4,165
6,909
Real
Estate
Securities
Fund
426
(
5
)
—
7,841
SmallCap
Growth
Fund
I
—
89
—
8,369
SmallCap
Value
Fund
II
1,654
2
242
6,778
$
42,154
$
(
441
)
$
52,065
$
305,349
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
2055
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
201
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
58
.45
%
Blue
Chip
Fund
(a)
2,556,511
$
103,769
Core
Fixed
Income
Fund
(a)
3,290,977
28,270
Diversified
International
Fund
(a)
10,615,835
138,006
International
Small
Company
Fund
(a)
2,215,446
21,911
LargeCap
Growth
Fund
I
(a)
5,653,383
101,365
MidCap
Fund
(a)
529,684
20,536
MidCap
Value
Fund
I
(a)
3,589,396
58,543
Origin
Emerging
Markets
Fund
(a)
3,583,200
33,467
Real
Estate
Securities
Fund
(a)
795,860
21,074
SmallCap
Growth
Fund
I
(a),(b)
1,281,811
17,663
SmallCap
Value
Fund
II
(a)
1,607,681
18,810
$
563,414
Principal
Funds,
Inc.
Institutional
Class
-
41
.56
%
Equity
Income
Fund
(a)
2,412,697
91,031
High
Income
Fund
(a)
1,191,070
9,767
LargeCap
S&P
500
Index
Fund
(a)
4,111,266
97,396
LargeCap
Value
Fund
III
(a)
5,081,028
91,916
MidCap
Growth
Fund
III
(a),(b)
3,530,715
40,038
Overseas
Fund
(a)
6,794,421
70,526
$
400,674
TOTAL
INVESTMENT
COMPANIES
$
964,088
Total
Investments
$
964,088
Other
Assets
and
Liabilities
- (0.01)%
(
50
)
TOTAL
NET
ASSETS
-
100.00%
$
964,038
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Non-income
producing
security
Portfolio
Summary
Fund
Type
Percent
Domestic
Equity
Funds
68
.69
%
International
Equity
Funds
27
.38
%
Fixed
Income
Funds
3
.94
%
Other
Assets
and
Liabilities
(
0
.01
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
89,044
$
2,113
$
5,847
$
103,769
Core
Fixed
Income
Fund
26,084
994
847
28,270
Diversified
International
Fund
122,559
6,930
3,739
138,006
Equity
Income
Fund
76,953
5,699
2,343
91,031
High
Income
Fund
9,074
423
274
9,767
International
Small
Company
Fund
19,367
1,048
684
21,911
LargeCap
Growth
Fund
I
87,687
7,870
5,848
101,365
LargeCap
S&P
500
Index
Fund
84,214
5,946
2,343
97,396
LargeCap
Value
Fund
III
77,973
9,356
2,343
91,916
MidCap
Fund
17,140
947
487
20,536
MidCap
Growth
Fund
III
33,819
3,699
1,122
40,038
MidCap
Value
Fund
I
51,530
4,096
1,596
58,543
Origin
Emerging
Markets
Fund
31,056
1,604
909
33,467
Overseas
Fund
64,193
5,823
1,608
70,526
Real
Estate
Securities
Fund
18,546
689
624
21,074
SmallCap
Growth
Fund
I
15,041
587
661
17,663
SmallCap
Value
Fund
II
16,140
1,191
661
18,810
$
840,420
$
59,015
$
31,936
$
964,088
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
32
$
(
118
)
$
—
$
18,577
Core
Fixed
Income
Fund
242
—
—
2,039
Diversified
International
Fund
3,610
1
—
12,255
Equity
Income
Fund
470
—
619
10,722
High
Income
Fund
180
—
—
544
International
Small
Company
Fund
440
1
—
2,179
LargeCap
Growth
Fund
I
90
35
5,699
11,621
LargeCap
S&P
500
Index
Fund
1,325
1
2,540
9,578
LargeCap
Value
Fund
III
1,584
2
1,212
6,928
MidCap
Fund
23
3
493
2,933
MidCap
Growth
Fund
III
—
—
2,703
3,642
MidCap
Value
Fund
I
817
1
1,862
4,512
Origin
Emerging
Markets
Fund
796
—
—
1,716
Overseas
Fund
3,092
—
1,303
2,118
Real
Estate
Securities
Fund
135
—
—
2,463
SmallCap
Growth
Fund
I
—
4
—
2,692
SmallCap
Value
Fund
II
527
—
77
2,140
$
13,363
$
(
70
)
$
16,508
$
96,659
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
2060
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
202
INVESTMENT
COMPANIES
-
100
.00
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
58
.43
%
Blue
Chip
Fund
(a)
2,405,881
$
97,655
Core
Fixed
Income
Fund
(a)
3,088,969
26,534
Diversified
International
Fund
(a)
9,976,405
129,693
International
Small
Company
Fund
(a)
2,079,558
20,567
LargeCap
Growth
Fund
I
(a)
5,317,609
95,345
MidCap
Fund
(a)
497,685
19,295
MidCap
Value
Fund
I
(a)
3,370,527
54,974
Origin
Emerging
Markets
Fund
(a)
3,364,795
31,427
Real
Estate
Securities
Fund
(a)
747,621
19,797
SmallCap
Growth
Fund
I
(a),(b)
1,197,022
16,495
SmallCap
Value
Fund
II
(a)
1,503,252
17,588
$
529,370
Principal
Funds,
Inc.
Institutional
Class
-
41
.57
%
Equity
Income
Fund
(a)
2,268,264
85,581
High
Income
Fund
(a)
1,118,736
9,174
LargeCap
S&P
500
Index
Fund
(a)
3,865,817
91,581
LargeCap
Value
Fund
III
(a)
4,778,207
86,438
MidCap
Growth
Fund
III
(a),(b)
3,316,331
37,607
Overseas
Fund
(a)
6,384,744
66,274
$
376,655
TOTAL
INVESTMENT
COMPANIES
$
906,025
Total
Investments
$
906,025
Other
Assets
and
Liabilities
- 0.00%
(
35
)
TOTAL
NET
ASSETS
-
100.00%
$
905,990
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Non-income
producing
security
Portfolio
Summary
Fund
Type
Percent
Domestic
Equity
Funds
68
.70
%
International
Equity
Funds
27
.36
%
Fixed
Income
Funds
3
.94
%
Other
Assets
and
Liabilities
0
.00
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
85,162
$
2,470
$
7,577
$
97,655
Core
Fixed
Income
Fund
24,998
1,113
1,537
26,534
Diversified
International
Fund
117,385
7,374
6,781
129,693
Equity
Income
Fund
73,674
5,873
4,250
85,581
High
Income
Fund
8,693
458
498
9,174
International
Small
Company
Fund
18,577
1,139
1,243
20,567
LargeCap
Growth
Fund
I
83,865
7,993
7,577
95,345
LargeCap
S&P
500
Index
Fund
80,556
6,148
4,251
91,581
LargeCap
Value
Fund
III
74,647
9,393
4,249
86,438
MidCap
Fund
16,380
1,000
882
19,295
MidCap
Growth
Fund
III
32,390
3,766
2,034
37,607
MidCap
Value
Fund
I
49,308
4,233
2,893
54,974
Origin
Emerging
Markets
Fund
29,714
1,714
1,651
31,427
Overseas
Fund
61,270
5,886
2,916
66,274
Real
Estate
Securities
Fund
17,755
779
1,131
19,797
SmallCap
Growth
Fund
I
14,411
687
1,198
16,495
SmallCap
Value
Fund
II
15,448
1,268
1,197
17,588
$
804,233
$
61,294
$
51,865
$
906,025
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
31
$
(
131
)
$
—
$
17,731
Core
Fixed
Income
Fund
231
(
1
)
—
1,961
Diversified
International
Fund
3,483
(
10
)
—
11,725
Equity
Income
Fund
453
(
2
)
594
10,286
High
Income
Fund
172
1
—
520
International
Small
Company
Fund
425
5
—
2,089
LargeCap
Growth
Fund
I
86
32
5,468
11,032
LargeCap
S&P
500
Index
Fund
1,272
(
2
)
2,438
9,130
LargeCap
Value
Fund
III
1,522
7
1,165
6,640
MidCap
Fund
22
1
472
2,796
MidCap
Growth
Fund
III
—
—
2,599
3,485
MidCap
Value
Fund
I
785
—
1,788
4,326
Origin
Emerging
Markets
Fund
767
1
—
1,649
Overseas
Fund
2,966
(
8
)
1,247
2,042
Real
Estate
Securities
Fund
130
1
—
2,393
SmallCap
Growth
Fund
I
—
4
—
2,591
SmallCap
Value
Fund
II
507
1
74
2,068
$
12,852
$
(
101
)
$
15,845
$
92,464
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
2065
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
203
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
58
.68
%
Blue
Chip
Fund
(a)
441,942
$
17,938
Core
Fixed
Income
Fund
(a)
584,631
5,022
Diversified
International
Fund
(a)
1,870,370
24,315
International
Small
Company
Fund
(a)
396,338
3,920
LargeCap
Growth
Fund
I
(a)
979,573
17,564
MidCap
Fund
(a)
90,955
3,526
MidCap
Value
Fund
I
(a)
625,910
10,208
Origin
Emerging
Markets
Fund
(a)
624,449
5,832
Real
Estate
Securities
Fund
(a)
140,808
3,729
SmallCap
Growth
Fund
I
(a),(b)
230,380
3,175
SmallCap
Value
Fund
II
(a)
285,435
3,340
$
98,569
Principal
Funds,
Inc.
Institutional
Class
-
41
.33
%
Equity
Income
Fund
(a)
420,764
15,875
High
Income
Fund
(a)
210,018
1,722
LargeCap
S&P
500
Index
Fund
(a)
712,220
16,872
LargeCap
Value
Fund
III
(a)
883,629
15,985
MidCap
Growth
Fund
III
(a),(b)
623,063
7,066
Overseas
Fund
(a)
1,147,092
11,907
$
69,427
TOTAL
INVESTMENT
COMPANIES
$
167,996
Total
Investments
$
167,996
Other
Assets
and
Liabilities
- (0.01)%
(
12
)
TOTAL
NET
ASSETS
-
100.00%
$
167,984
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Non-income
producing
security
Portfolio
Summary
Fund
Type
Percent
Domestic
Equity
Funds
68
.64
%
International
Equity
Funds
27
.36
%
Fixed
Income
Funds
4
.01
%
Other
Assets
and
Liabilities
(
0
.01
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
14,856
$
1,030
$
1,041
$
17,938
Core
Fixed
Income
Fund
4,435
412
173
5,022
Diversified
International
Fund
20,750
2,252
764
24,315
Equity
Income
Fund
12,907
1,645
479
15,875
High
Income
Fund
1,536
151
56
1,722
International
Small
Company
Fund
3,312
376
140
3,920
LargeCap
Growth
Fund
I
14,652
1,997
1,041
17,564
LargeCap
S&P
500
Index
Fund
14,073
1,674
479
16,872
LargeCap
Value
Fund
III
13,111
2,185
477
15,985
MidCap
Fund
2,839
298
98
3,526
MidCap
Growth
Fund
III
5,730
951
228
7,066
MidCap
Value
Fund
I
8,632
1,149
327
10,208
Origin
Emerging
Markets
Fund
5,201
532
185
5,832
Overseas
Fund
10,473
1,425
328
11,907
Real
Estate
Securities
Fund
3,147
296
127
3,729
SmallCap
Growth
Fund
I
2,563
289
135
3,175
SmallCap
Value
Fund
II
2,726
392
135
3,340
$
140,943
$
17,054
$
6,213
$
167,996
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
5
$
2
$
—
$
3,091
Core
Fixed
Income
Fund
42
—
—
348
Diversified
International
Fund
617
1
—
2,076
Equity
Income
Fund
80
—
104
1,802
High
Income
Fund
31
—
—
91
International
Small
Company
Fund
76
—
—
372
LargeCap
Growth
Fund
I
15
5
957
1,951
LargeCap
S&P
500
Index
Fund
223
—
427
1,604
LargeCap
Value
Fund
III
268
—
205
1,166
MidCap
Fund
4
—
82
487
MidCap
Growth
Fund
III
—
—
461
613
MidCap
Value
Fund
I
138
—
314
754
Origin
Emerging
Markets
Fund
135
—
—
284
Overseas
Fund
508
—
214
337
Real
Estate
Securities
Fund
23
—
—
413
SmallCap
Growth
Fund
I
—
—
—
458
SmallCap
Value
Fund
II
90
—
13
357
$
2,255
$
8
$
2,777
$
16,204
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
2070
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
204
INVESTMENT
COMPANIES
-
99
.95
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
59
.19
%
Blue
Chip
Fund
(a)
40,829
$
1,657
Core
Fixed
Income
Fund
(a)
55,382
476
Diversified
International
Fund
(a)
174,714
2,271
International
Small
Company
Fund
(a)
37,796
374
LargeCap
Growth
Fund
I
(a)
90,311
1,619
MidCap
Fund
(a)
8,362
324
MidCap
Value
Fund
I
(a)
58,380
952
Origin
Emerging
Markets
Fund
(a)
57,525
538
Real
Estate
Securities
Fund
(a)
13,226
350
SmallCap
Growth
Fund
I
(a),(b)
22,940
316
SmallCap
Value
Fund
II
(a)
28,206
330
$
9,207
Principal
Funds,
Inc.
Institutional
Class
-
40
.76
%
Equity
Income
Fund
(a)
38,235
1,443
High
Income
Fund
(a)
19,697
161
LargeCap
S&P
500
Index
Fund
(a)
65,162
1,544
LargeCap
Value
Fund
III
(a)
80,146
1,450
MidCap
Growth
Fund
III
(a),(b)
58,127
659
Overseas
Fund
(a)
104,423
1,084
$
6,341
TOTAL
INVESTMENT
COMPANIES
$
15,548
Total
Investments
$
15,548
Other
Assets
and
Liabilities
- 0.05%
7
TOTAL
NET
ASSETS
-
100.00%
$
15,555
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Non-income
producing
security
Portfolio
Summary
Fund
Type
Percent
Domestic
Equity
Funds
68
.42
%
International
Equity
Funds
27
.44
%
Fixed
Income
Funds
4
.09
%
Other
Assets
and
Liabilities
0
.05
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
935
$
676
$
174
$
1,657
Core
Fixed
Income
Fund
295
201
46
476
Diversified
International
Fund
1,351
993
219
2,271
Equity
Income
Fund
840
611
136
1,443
High
Income
Fund
100
70
15
161
International
Small
Company
Fund
224
160
36
374
LargeCap
Growth
Fund
I
923
733
174
1,619
LargeCap
S&P
500
Index
Fund
896
682
146
1,544
LargeCap
Value
Fund
III
852
651
135
1,450
MidCap
Fund
182
138
31
324
MidCap
Growth
Fund
III
378
301
62
659
MidCap
Value
Fund
I
565
427
92
952
Origin
Emerging
Markets
Fund
335
236
51
538
Overseas
Fund
653
523
107
1,084
Real
Estate
Securities
Fund
210
147
35
350
SmallCap
Growth
Fund
I
183
127
30
316
SmallCap
Value
Fund
II
192
143
32
330
$
9,114
$
6,819
$
1,521
$
15,548
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
—
$
1
$
—
$
219
Core
Fixed
Income
Fund
3
—
—
26
Diversified
International
Fund
49
—
—
146
Equity
Income
Fund
6
—
8
128
High
Income
Fund
3
—
—
6
International
Small
Company
Fund
6
—
—
26
LargeCap
Growth
Fund
I
1
1
70
136
LargeCap
S&P
500
Index
Fund
17
—
32
112
LargeCap
Value
Fund
III
20
—
16
82
MidCap
Fund
—
—
6
35
MidCap
Growth
Fund
III
—
—
36
42
MidCap
Value
Fund
I
11
—
24
52
Origin
Emerging
Markets
Fund
10
—
—
18
Overseas
Fund
38
—
15
15
Real
Estate
Securities
Fund
2
—
—
28
SmallCap
Growth
Fund
I
—
—
—
36
SmallCap
Value
Fund
II
8
—
1
27
$
174
$
2
$
208
$
1,134
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
Hybrid
2015
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
205
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
18
.86
%
Diversified
International
Fund
(a)
1,736,894
$
22,580
Diversified
Real
Asset
Fund
(a)
556,052
6,005
International
Small
Company
Fund
(a)
227,793
2,253
MidCap
S&P
400
Index
Fund
(a)
553,981
11,988
Origin
Emerging
Markets
Fund
(a)
256,417
2,395
SmallCap
S&P
600
Index
Fund
(a)
154,676
3,841
$
49,062
Principal
Funds,
Inc.
Institutional
Class
-
81
.15
%
Bond
Market
Index
Fund
(a)
10,246,771
86,893
High
Income
Fund
(a)
2,092,458
17,158
Inflation
Protection
Fund
(a)
2,065,175
15,881
LargeCap
S&P
500
Index
Fund
(a)
2,069,019
49,015
Short-Term
Income
Fund
(a)
3,551,763
42,159
$
211,106
TOTAL
INVESTMENT
COMPANIES
$
260,168
Total
Investments
$
260,168
Other
Assets
and
Liabilities
- (0.01)%
(
16
)
TOTAL
NET
ASSETS
-
100.00%
$
260,152
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Portfolio
Summary
Fund
Type
Percent
Fixed
Income
Funds
62
.31
%
Domestic
Equity
Funds
24
.93
%
International
Equity
Funds
10
.46
%
Specialty
Funds
2
.31
%
Other
Assets
and
Liabilities
(
0
.01
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Bond
Market
Index
Fund
$
72,947
$
11,819
$
839
$
86,893
Diversified
International
Fund
18,409
2,512
192
22,580
Diversified
Real
Asset
Fund
5,125
648
61
6,005
High
Income
Fund
14,552
1,884
156
17,158
Inflation
Protection
Fund
13,660
2,114
157
15,881
International
Small
Company
Fund
1,799
274
22
2,253
LargeCap
S&P
500
Index
Fund
39,028
5,894
400
49,015
MidCap
S&P
400
Index
Fund
9,461
1,544
111
11,988
Origin
Emerging
Markets
Fund
2,033
273
21
2,395
Short-Term
Income
Fund
37,180
4,381
398
42,159
SmallCap
S&P
600
Index
Fund
2,936
600
43
3,841
$
217,130
$
31,943
$
2,400
$
260,168
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Fund
$
3,301
$
—
$
—
$
2,966
Diversified
International
Fund
565
—
—
1,851
Diversified
Real
Asset
Fund
39
—
—
293
High
Income
Fund
302
—
—
878
Inflation
Protection
Fund
532
—
—
264
International
Small
Company
Fund
43
—
—
202
LargeCap
S&P
500
Index
Fund
632
—
1,211
4,493
MidCap
S&P
400
Index
Fund
166
—
258
1,094
Origin
Emerging
Markets
Fund
54
—
—
110
Short-Term
Income
Fund
341
—
—
996
SmallCap
S&P
600
Index
Fund
57
—
105
348
$
6,032
$
—
$
1,574
$
13,495
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
Hybrid
2020
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
206
INVESTMENT
COMPANIES
-
100
.00
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
22
.42
%
Diversified
International
Fund
(a)
4,171,307
$
54,227
Diversified
Real
Asset
Fund
(a)
1,079,007
11,653
International
Small
Company
Fund
(a)
520,759
5,150
MidCap
S&P
400
Index
Fund
(a)
1,312,632
28,405
Origin
Emerging
Markets
Fund
(a)
613,655
5,732
SmallCap
S&P
600
Index
Fund
(a)
365,787
9,083
$
114,250
Principal
Funds,
Inc.
Institutional
Class
-
77
.58
%
Bond
Market
Index
Fund
(a)
18,754,664
159,040
High
Income
Fund
(a)
3,629,108
29,759
Inflation
Protection
Fund
(a)
3,539,064
27,215
LargeCap
S&P
500
Index
Fund
(a)
4,942,034
117,077
Short-Term
Income
Fund
(a)
5,242,155
62,224
$
395,315
TOTAL
INVESTMENT
COMPANIES
$
509,565
Total
Investments
$
509,565
Other
Assets
and
Liabilities
- 0.00%
(
18
)
TOTAL
NET
ASSETS
-
100.00%
$
509,547
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Portfolio
Summary
Fund
Type
Percent
Fixed
Income
Funds
54
.60
%
Domestic
Equity
Funds
30
.33
%
International
Equity
Funds
12
.78
%
Specialty
Funds
2
.29
%
Other
Assets
and
Liabilities
0
.00
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Bond
Market
Index
Fund
$
142,724
$
13,293
$
2,740
$
159,040
Diversified
International
Fund
46,901
3,445
803
54,227
Diversified
Real
Asset
Fund
10,646
603
207
11,653
High
Income
Fund
26,870
1,758
478
29,759
Inflation
Protection
Fund
25,043
2,162
478
27,215
International
Small
Company
Fund
4,408
343
95
5,150
LargeCap
S&P
500
Index
Fund
98,701
8,768
1,649
117,077
MidCap
S&P
400
Index
Fund
23,885
2,233
466
28,405
Origin
Emerging
Markets
Fund
5,174
365
89
5,732
Short-Term
Income
Fund
58,553
3,177
1,042
62,224
SmallCap
S&P
600
Index
Fund
7,501
873
184
9,083
$
450,406
$
37,020
$
8,231
$
509,565
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Fund
$
6,308
$
1
$
—
$
5,762
Diversified
International
Fund
1,400
1
—
4,683
Diversified
Real
Asset
Fund
79
—
—
611
High
Income
Fund
541
—
—
1,609
Inflation
Protection
Fund
945
—
—
488
International
Small
Company
Fund
102
—
—
494
LargeCap
S&P
500
Index
Fund
1,565
—
2,998
11,257
MidCap
S&P
400
Index
Fund
411
—
637
2,753
Origin
Emerging
Markets
Fund
135
—
—
282
Short-Term
Income
Fund
523
—
—
1,536
SmallCap
S&P
600
Index
Fund
141
—
260
893
$
12,150
$
2
$
3,895
$
30,368
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
Hybrid
2025
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
207
INVESTMENT
COMPANIES
-
99
.99
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
25
.83
%
Diversified
International
Fund
(a)
7,041,138
$
91,535
Diversified
Real
Asset
Fund
(a)
1,594,911
17,225
International
Small
Company
Fund
(a)
936,888
9,266
MidCap
S&P
400
Index
Fund
(a)
2,242,740
48,533
Origin
Emerging
Markets
Fund
(a)
1,045,511
9,765
SmallCap
S&P
600
Index
Fund
(a)
622,333
15,452
$
191,776
Principal
Funds,
Inc.
Institutional
Class
-
74
.16
%
Bond
Market
Index
Fund
(a)
25,823,456
218,983
High
Income
Fund
(a)
4,601,012
37,728
Inflation
Protection
Fund
(a)
4,514,189
34,714
LargeCap
S&P
500
Index
Fund
(a)
8,433,449
199,789
Short-Term
Income
Fund
(a)
4,998,737
59,335
$
550,549
TOTAL
INVESTMENT
COMPANIES
$
742,325
Total
Investments
$
742,325
Other
Assets
and
Liabilities
- 0.01%
88
TOTAL
NET
ASSETS
-
100.00%
$
742,413
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Portfolio
Summary
Fund
Type
Percent
Fixed
Income
Funds
47
.25
%
Domestic
Equity
Funds
35
.53
%
International
Equity
Funds
14
.89
%
Specialty
Funds
2
.32
%
Other
Assets
and
Liabilities
0
.01
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Bond
Market
Index
Fund
$
193,251
$
21,465
$
3,520
$
218,983
Diversified
International
Fund
78,003
6,994
1,273
91,535
Diversified
Real
Asset
Fund
15,480
1,132
279
17,225
High
Income
Fund
33,535
2,752
568
37,728
Inflation
Protection
Fund
31,404
3,264
567
34,714
International
Small
Company
Fund
7,796
750
156
9,266
LargeCap
S&P
500
Index
Fund
166,072
17,434
2,659
199,789
MidCap
S&P
400
Index
Fund
40,191
4,436
729
48,533
Origin
Emerging
Markets
Fund
8,679
755
144
9,765
Short-Term
Income
Fund
54,931
3,888
929
59,335
SmallCap
S&P
600
Index
Fund
12,493
1,771
301
15,452
$
641,835
$
64,641
$
11,125
$
742,325
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Fund
$
8,593
$
—
$
—
$
7,787
Diversified
International
Fund
2,337
—
—
7,811
Diversified
Real
Asset
Fund
115
—
—
892
High
Income
Fund
678
—
—
2,009
Inflation
Protection
Fund
1,190
—
—
613
International
Small
Company
Fund
181
—
—
876
LargeCap
S&P
500
Index
Fund
2,646
(
1
)
5,067
18,943
MidCap
S&P
400
Index
Fund
695
1
1,077
4,634
Origin
Emerging
Markets
Fund
226
—
—
475
Short-Term
Income
Fund
492
—
—
1,445
SmallCap
S&P
600
Index
Fund
237
—
437
1,489
$
17,390
$
—
$
6,581
$
46,974
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
Hybrid
2030
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
208
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
30
.11
%
Diversified
International
Fund
(a)
8,761,464
$
113,899
International
Small
Company
Fund
(a)
1,203,690
11,904
MidCap
S&P
400
Index
Fund
(a)
2,813,070
60,875
Origin
Emerging
Markets
Fund
(a)
1,303,390
12,174
Real
Estate
Securities
Fund
(a)
668,997
17,715
SmallCap
S&P
600
Index
Fund
(a)
804,252
19,970
$
236,537
Principal
Funds,
Inc.
Institutional
Class
-
69
.90
%
Bond
Market
Index
Fund
(a)
31,273,473
265,199
High
Income
Fund
(a)
4,441,099
36,417
LargeCap
S&P
500
Index
Fund
(a)
10,443,541
247,407
$
549,023
TOTAL
INVESTMENT
COMPANIES
$
785,560
Total
Investments
$
785,560
Other
Assets
and
Liabilities
- (0.01)%
(
50
)
TOTAL
NET
ASSETS
-
100.00%
$
785,510
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Portfolio
Summary
Fund
Type
Percent
Domestic
Equity
Funds
44
.04
%
Fixed
Income
Funds
38
.40
%
International
Equity
Funds
17
.57
%
Other
Assets
and
Liabilities
(
0
.01
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Bond
Market
Index
Fund
$
224,382
$
34,827
$
2,968
$
265,199
Diversified
International
Fund
93,529
12,095
1,113
113,899
High
Income
Fund
31,106
3,820
384
36,417
International
Small
Company
Fund
9,588
1,377
139
11,904
LargeCap
S&P
500
Index
Fund
198,446
28,549
2,308
247,407
MidCap
S&P
400
Index
Fund
48,427
7,528
644
60,875
Origin
Emerging
Markets
Fund
10,413
1,326
126
12,174
Real
Estate
Securities
Fund
14,263
1,799
205
17,715
SmallCap
S&P
600
Index
Fund
15,348
3,084
269
19,970
$
645,502
$
94,405
$
8,156
$
785,560
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Fund
$
10,228
$
—
$
—
$
8,958
Diversified
International
Fund
2,870
1
—
9,387
High
Income
Fund
644
—
—
1,875
International
Small
Company
Fund
229
—
—
1,078
LargeCap
S&P
500
Index
Fund
3,229
—
6,194
22,720
MidCap
S&P
400
Index
Fund
857
—
1,332
5,564
Origin
Emerging
Markets
Fund
279
—
—
561
Real
Estate
Securities
Fund
109
—
—
1,858
SmallCap
S&P
600
Index
Fund
300
—
554
1,807
$
18,745
$
1
$
8,080
$
53,808
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
Hybrid
2035
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
209
INVESTMENT
COMPANIES
-
99
.99
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
34
.19
%
Diversified
International
Fund
(a)
7,498,297
$
97,478
International
Small
Company
Fund
(a)
968,388
9,578
MidCap
S&P
400
Index
Fund
(a)
2,392,034
51,764
Origin
Emerging
Markets
Fund
(a)
1,106,749
10,337
Real
Estate
Securities
Fund
(a)
490,231
12,981
SmallCap
S&P
600
Index
Fund
(a)
667,709
16,579
$
198,717
Principal
Funds,
Inc.
Institutional
Class
-
65
.80
%
Bond
Market
Index
Fund
(a)
17,323,324
146,902
High
Income
Fund
(a)
2,931,510
24,038
LargeCap
S&P
500
Index
Fund
(a)
8,926,169
211,461
$
382,401
TOTAL
INVESTMENT
COMPANIES
$
581,118
Total
Investments
$
581,118
Other
Assets
and
Liabilities
- 0.01%
43
TOTAL
NET
ASSETS
-
100.00%
$
581,161
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Portfolio
Summary
Fund
Type
Percent
Domestic
Equity
Funds
50
.37
%
Fixed
Income
Funds
29
.42
%
International
Equity
Funds
20
.20
%
Other
Assets
and
Liabilities
0
.01
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Bond
Market
Index
Fund
$
127,735
$
15,539
$
1,528
$
146,902
Diversified
International
Fund
81,999
8,135
881
97,478
High
Income
Fund
21,068
1,938
235
24,038
International
Small
Company
Fund
7,930
860
104
9,578
LargeCap
S&P
500
Index
Fund
173,569
19,872
1,829
211,461
MidCap
S&P
400
Index
Fund
42,266
5,127
505
51,764
Origin
Emerging
Markets
Fund
9,066
877
100
10,337
Real
Estate
Securities
Fund
10,742
968
138
12,981
SmallCap
S&P
600
Index
Fund
13,184
2,031
205
16,579
$
487,559
$
55,347
$
5,525
$
581,118
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Fund
$
5,725
$
—
$
—
$
5,156
Diversified
International
Fund
2,474
—
—
8,225
High
Income
Fund
430
—
—
1,267
International
Small
Company
Fund
185
—
—
892
LargeCap
S&P
500
Index
Fund
2,785
—
5,339
19,849
MidCap
S&P
400
Index
Fund
736
—
1,143
4,876
Origin
Emerging
Markets
Fund
238
—
—
494
Real
Estate
Securities
Fund
81
—
—
1,409
SmallCap
S&P
600
Index
Fund
252
—
466
1,569
$
12,906
$
—
$
6,948
$
43,737
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
Hybrid
2040
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
210
INVESTMENT
COMPANIES
-
100
.00
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
39
.43
%
Diversified
International
Fund
(a)
9,230,313
$
119,994
International
Small
Company
Fund
(a)
1,240,112
12,265
MidCap
S&P
400
Index
Fund
(a)
2,939,731
63,616
Origin
Emerging
Markets
Fund
(a)
1,346,067
12,572
Real
Estate
Securities
Fund
(a)
516,121
13,667
SmallCap
S&P
600
Index
Fund
(a)
825,178
20,489
$
242,603
Principal
Funds,
Inc.
Institutional
Class
-
60
.57
%
Bond
Market
Index
Fund
(a)
11,035,471
93,581
High
Income
Fund
(a)
2,235,411
18,330
LargeCap
S&P
500
Index
Fund
(a)
11,008,743
260,797
$
372,708
TOTAL
INVESTMENT
COMPANIES
$
615,311
Total
Investments
$
615,311
Other
Assets
and
Liabilities
- 0.00%
(
25
)
TOTAL
NET
ASSETS
-
100.00%
$
615,286
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Portfolio
Summary
Fund
Type
Percent
Domestic
Equity
Funds
58
.27
%
International
Equity
Funds
23
.54
%
Fixed
Income
Funds
18
.19
%
Other
Assets
and
Liabilities
0
.00
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Bond
Market
Index
Fund
$
81,241
$
9,502
$
440
$
93,581
Diversified
International
Fund
100,758
9,615
493
119,994
High
Income
Fund
16,038
1,408
81
18,330
International
Small
Company
Fund
10,143
1,039
60
12,265
LargeCap
S&P
500
Index
Fund
213,624
23,741
1,032
260,797
MidCap
S&P
400
Index
Fund
51,877
6,020
279
63,616
Origin
Emerging
Markets
Fund
11,007
1,022
56
12,572
Real
Estate
Securities
Fund
11,294
956
66
13,667
SmallCap
S&P
600
Index
Fund
16,275
2,385
112
20,489
$
512,257
$
55,688
$
2,619
$
615,311
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Fund
$
3,646
$
—
$
—
$
3,278
Diversified
International
Fund
3,045
—
—
10,114
High
Income
Fund
328
—
—
965
International
Small
Company
Fund
238
—
—
1,143
LargeCap
S&P
500
Index
Fund
3,432
—
6,576
24,464
MidCap
S&P
400
Index
Fund
905
—
1,403
5,998
Origin
Emerging
Markets
Fund
290
—
—
599
Real
Estate
Securities
Fund
85
—
—
1,483
SmallCap
S&P
600
Index
Fund
312
—
575
1,941
$
12,281
$
—
$
8,554
$
49,985
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
Hybrid
2045
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
211
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
43
.12
%
Diversified
International
Fund
(a)
6,491,402
$
84,388
International
Small
Company
Fund
(a)
868,589
8,590
MidCap
S&P
400
Index
Fund
(a)
2,067,396
44,738
Origin
Emerging
Markets
Fund
(a)
952,579
8,897
Real
Estate
Securities
Fund
(a)
326,313
8,641
SmallCap
S&P
600
Index
Fund
(a)
575,855
14,299
$
169,553
Principal
Funds,
Inc.
Institutional
Class
-
56
.89
%
Bond
Market
Index
Fund
(a)
3,774,074
32,004
High
Income
Fund
(a)
1,000,688
8,206
LargeCap
S&P
500
Index
Fund
(a)
7,744,780
183,474
$
223,684
TOTAL
INVESTMENT
COMPANIES
$
393,237
Total
Investments
$
393,237
Other
Assets
and
Liabilities
- (0.01)%
(
30
)
TOTAL
NET
ASSETS
-
100.00%
$
393,207
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Portfolio
Summary
Fund
Type
Percent
Domestic
Equity
Funds
63
.88
%
International
Equity
Funds
25
.90
%
Fixed
Income
Funds
10
.23
%
Other
Assets
and
Liabilities
(
0
.01
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Bond
Market
Index
Fund
$
28,151
$
3,052
$
332
$
32,004
Diversified
International
Fund
71,690
6,289
766
84,388
High
Income
Fund
7,268
582
80
8,206
International
Small
Company
Fund
7,204
671
94
8,590
LargeCap
S&P
500
Index
Fund
152,024
15,695
1,594
183,474
MidCap
S&P
400
Index
Fund
36,923
4,003
439
44,738
Origin
Emerging
Markets
Fund
7,884
670
86
8,897
Real
Estate
Securities
Fund
7,237
547
91
8,641
SmallCap
S&P
600
Index
Fund
11,541
1,562
173
14,299
$
329,922
$
33,071
$
3,655
$
393,237
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Fund
$
1,257
$
—
$
—
$
1,133
Diversified
International
Fund
2,156
—
—
7,175
High
Income
Fund
148
—
—
436
International
Small
Company
Fund
168
—
—
809
LargeCap
S&P
500
Index
Fund
2,431
—
4,663
17,349
MidCap
S&P
400
Index
Fund
641
—
995
4,251
Origin
Emerging
Markets
Fund
207
—
—
429
Real
Estate
Securities
Fund
54
—
—
948
SmallCap
S&P
600
Index
Fund
219
—
405
1,369
$
7,281
$
—
$
6,063
$
33,899
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
Hybrid
2050
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
212
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
46
.05
%
Diversified
International
Fund
(a)
6,092,633
$
79,204
International
Small
Company
Fund
(a)
818,786
8,098
MidCap
S&P
400
Index
Fund
(a)
1,942,698
42,040
Origin
Emerging
Markets
Fund
(a)
900,789
8,413
Real
Estate
Securities
Fund
(a)
284,873
7,543
SmallCap
S&P
600
Index
Fund
(a)
545,293
13,540
$
158,838
Principal
Funds,
Inc.
Institutional
Class
-
53
.96
%
Bond
Market
Index
Fund
(a)
1,211,798
10,276
High
Income
Fund
(a)
432,526
3,547
LargeCap
S&P
500
Index
Fund
(a)
7,274,294
172,328
$
186,151
TOTAL
INVESTMENT
COMPANIES
$
344,989
Total
Investments
$
344,989
Other
Assets
and
Liabilities
- (0.01)%
(
23
)
TOTAL
NET
ASSETS
-
100.00%
$
344,966
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Portfolio
Summary
Fund
Type
Percent
Domestic
Equity
Funds
68
.25
%
International
Equity
Funds
27
.75
%
Fixed
Income
Funds
4
.01
%
Other
Assets
and
Liabilities
(
0
.01
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Bond
Market
Index
Fund
$
9,042
$
955
$
87
$
10,276
Diversified
International
Fund
67,350
5,679
570
79,204
High
Income
Fund
3,143
242
26
3,547
International
Small
Company
Fund
6,799
604
70
8,098
LargeCap
S&P
500
Index
Fund
142,914
14,285
1,188
172,328
MidCap
S&P
400
Index
Fund
34,735
3,621
324
42,040
Origin
Emerging
Markets
Fund
7,462
609
65
8,413
Real
Estate
Securities
Fund
6,323
453
64
7,543
SmallCap
S&P
600
Index
Fund
10,922
1,451
134
13,540
$
288,690
$
27,899
$
2,528
$
344,989
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Fund
$
403
$
—
$
—
$
366
Diversified
International
Fund
2,021
—
—
6,745
High
Income
Fund
64
—
—
188
International
Small
Company
Fund
158
—
—
765
LargeCap
S&P
500
Index
Fund
2,283
—
4,377
16,317
MidCap
S&P
400
Index
Fund
602
—
935
4,008
Origin
Emerging
Markets
Fund
195
—
—
407
Real
Estate
Securities
Fund
47
—
—
831
SmallCap
S&P
600
Index
Fund
208
—
383
1,301
$
5,981
$
—
$
5,695
$
30,928
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
Hybrid
2055
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
213
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
46
.10
%
Diversified
International
Fund
(a)
3,584,693
$
46,601
International
Small
Company
Fund
(a)
488,894
4,835
MidCap
S&P
400
Index
Fund
(a)
1,146,475
24,810
Origin
Emerging
Markets
Fund
(a)
530,678
4,956
Real
Estate
Securities
Fund
(a)
169,271
4,482
SmallCap
S&P
600
Index
Fund
(a)
324,201
8,050
$
93,734
Principal
Funds,
Inc.
Institutional
Class
-
53
.91
%
Bond
Market
Index
Fund
(a)
721,266
6,116
High
Income
Fund
(a)
256,576
2,104
LargeCap
S&P
500
Index
Fund
(a)
4,280,179
101,398
$
109,618
TOTAL
INVESTMENT
COMPANIES
$
203,352
Total
Investments
$
203,352
Other
Assets
and
Liabilities
- (0.01)%
(
21
)
TOTAL
NET
ASSETS
-
100.00%
$
203,331
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Portfolio
Summary
Fund
Type
Percent
Domestic
Equity
Funds
68
.23
%
International
Equity
Funds
27
.74
%
Fixed
Income
Funds
4
.04
%
Other
Assets
and
Liabilities
(
0
.01
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Bond
Market
Index
Fund
$
5,262
$
699
$
58
$
6,116
Diversified
International
Fund
38,845
4,239
382
46,601
High
Income
Fund
1,826
187
19
2,104
International
Small
Company
Fund
3,968
466
46
4,835
LargeCap
S&P
500
Index
Fund
82,490
10,258
796
101,398
MidCap
S&P
400
Index
Fund
20,069
2,641
218
24,810
Origin
Emerging
Markets
Fund
4,307
460
44
4,956
Real
Estate
Securities
Fund
3,675
367
42
4,482
SmallCap
S&P
600
Index
Fund
6,322
1,066
90
8,050
$
166,764
$
20,383
$
1,695
$
203,352
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Fund
$
237
$
—
$
—
$
213
Diversified
International
Fund
1,178
—
—
3,899
High
Income
Fund
38
—
—
110
International
Small
Company
Fund
93
—
—
447
LargeCap
S&P
500
Index
Fund
1,330
—
2,550
9,446
MidCap
S&P
400
Index
Fund
352
—
545
2,318
Origin
Emerging
Markets
Fund
114
—
—
233
Real
Estate
Securities
Fund
28
—
—
482
SmallCap
S&P
600
Index
Fund
122
—
225
752
$
3,492
$
—
$
3,320
$
17,900
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
Hybrid
2060
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
214
INVESTMENT
COMPANIES
-
100
.02
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
46
.17
%
Diversified
International
Fund
(a)
1,786,512
$
23,225
International
Small
Company
Fund
(a)
246,747
2,440
MidCap
S&P
400
Index
Fund
(a)
573,313
12,407
Origin
Emerging
Markets
Fund
(a)
264,755
2,473
Real
Estate
Securities
Fund
(a)
84,968
2,250
SmallCap
S&P
600
Index
Fund
(a)
163,612
4,062
$
46,857
Principal
Funds,
Inc.
Institutional
Class
-
53
.85
%
Bond
Market
Index
Fund
(a)
362,797
3,076
High
Income
Fund
(a)
128,648
1,055
LargeCap
S&P
500
Index
Fund
(a)
2,132,885
50,528
$
54,659
TOTAL
INVESTMENT
COMPANIES
$
101,516
Total
Investments
$
101,516
Other
Assets
and
Liabilities
- (0.02)%
(
16
)
TOTAL
NET
ASSETS
-
100.00%
$
101,500
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Portfolio
Summary
Fund
Type
Percent
Domestic
Equity
Funds
68
.22
%
International
Equity
Funds
27
.73
%
Fixed
Income
Funds
4
.07
%
Other
Assets
and
Liabilities
(
0
.02
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Bond
Market
Index
Fund
$
2,599
$
397
$
26
$
3,076
Diversified
International
Fund
19,039
2,428
167
23,225
High
Income
Fund
900
109
9
1,055
International
Small
Company
Fund
1,966
272
21
2,440
LargeCap
S&P
500
Index
Fund
40,446
5,768
350
50,528
MidCap
S&P
400
Index
Fund
9,856
1,497
95
12,407
Origin
Emerging
Markets
Fund
2,112
265
19
2,473
Real
Estate
Securities
Fund
1,811
218
19
2,250
SmallCap
S&P
600
Index
Fund
3,119
607
40
4,062
$
81,848
$
11,561
$
746
$
101,516
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Fund
$
119
$
—
$
—
$
106
Diversified
International
Fund
588
—
—
1,925
High
Income
Fund
19
—
—
55
International
Small
Company
Fund
47
—
—
223
LargeCap
S&P
500
Index
Fund
662
—
1,270
4,664
MidCap
S&P
400
Index
Fund
176
—
273
1,149
Origin
Emerging
Markets
Fund
57
—
—
115
Real
Estate
Securities
Fund
14
—
—
240
SmallCap
S&P
600
Index
Fund
61
—
114
376
$
1,743
$
—
$
1,657
$
8,853
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
Hybrid
2065
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
215
INVESTMENT
COMPANIES
-
100
.03
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
46
.18
%
Diversified
International
Fund
(a)
519,113
$
6,749
International
Small
Company
Fund
(a)
71,978
712
MidCap
S&P
400
Index
Fund
(a)
166,557
3,604
Origin
Emerging
Markets
Fund
(a)
77,057
720
Real
Estate
Securities
Fund
(a)
24,823
657
SmallCap
S&P
600
Index
Fund
(a)
47,459
1,178
$
13,620
Principal
Funds,
Inc.
Institutional
Class
-
53
.85
%
Bond
Market
Index
Fund
(a)
105,822
897
High
Income
Fund
(a)
37,512
308
LargeCap
S&P
500
Index
Fund
(a)
619,611
14,679
$
15,884
TOTAL
INVESTMENT
COMPANIES
$
29,504
Total
Investments
$
29,504
Other
Assets
and
Liabilities
- (0.03)%
(
9
)
TOTAL
NET
ASSETS
-
100.00%
$
29,495
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Portfolio
Summary
Fund
Type
Percent
Domestic
Equity
Funds
68
.21
%
International
Equity
Funds
27
.74
%
Fixed
Income
Funds
4
.08
%
Other
Assets
and
Liabilities
(
0
.03
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Bond
Market
Index
Fund
$
744
$
138
$
15
$
897
Diversified
International
Fund
5,441
859
99
6,749
High
Income
Fund
258
39
5
308
International
Small
Company
Fund
563
98
13
712
LargeCap
S&P
500
Index
Fund
11,568
1,989
206
14,679
MidCap
S&P
400
Index
Fund
2,815
521
57
3,604
Origin
Emerging
Markets
Fund
604
94
10
720
Real
Estate
Securities
Fund
519
81
11
657
SmallCap
S&P
600
Index
Fund
885
212
24
1,178
$
23,397
$
4,031
$
440
$
29,504
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Fund
$
34
$
—
$
—
$
30
Diversified
International
Fund
167
—
—
548
High
Income
Fund
5
—
—
16
International
Small
Company
Fund
13
—
—
64
LargeCap
S&P
500
Index
Fund
187
—
359
1,328
MidCap
S&P
400
Index
Fund
50
—
77
325
Origin
Emerging
Markets
Fund
16
—
—
32
Real
Estate
Securities
Fund
4
—
—
68
SmallCap
S&P
600
Index
Fund
17
—
32
105
$
493
$
—
$
468
$
2,516
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
Hybrid
2070
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
216
INVESTMENT
COMPANIES
-
99.07
%
Shares
Held
Value
Principal
Funds,
Inc.
Class
R-6
-
45.59
%
Diversified
International
Fund
(a)
31,547
$
410
,116
International
Small
Company
Fund
(a)
4,233
4
1,862
MidCap
S&P
400
Index
Fund
(a)
10,013
216
,674
Origin
Emerging
Markets
Fund
(a)
4,705
4
3,943
Real
Estate
Securities
Fund
(a)
1,466
3
8,808
SmallCap
S&P
600
Index
Fund
(a)
2,810
69,781
$
821
,184
Principal
Funds,
Inc.
Institutional
Class
-
53.48
%
Bond
Market
Index
Fund
(a)
6,347
5
3,825
High
Income
Fund
(a)
2,271
1
8,625
LargeCap
S&P
500
Index
Fund
(a)
37,608
89
0,926
$
96
3,376
TOTAL
INVESTMENT
COMPANIES
$
1,78
4,560
Total
Investments
$
1,78
4,560
Other
Assets
and
Liabilities
- 0.93%
16
,696
TOTAL
NET
ASSETS
-
100.00%
$
1,801
,256
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Portfolio
Summary
Fund
Type
Percent
Domestic
Equity
Funds
67.52%
International
Equity
Funds
27.53%
Fixed
Income
Funds
4.0
2
%
Other
Assets
and
Liabilities
0
.93
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Bond
Market
Index
Fund
$
2
1,945
$
41
,261
$
10,166
$
5
3,825
Diversified
International
Fund
15
6,776
314
,036
78,489
410
,116
High
Income
Fund
7,516
14
,151
3,550
1
8,625
International
Small
Company
Fund
1
6,589
31
,195
7,806
4
1,862
LargeCap
S&P
500
Index
Fund
332
,475
678
,340
167,682
890,926
MidCap
S&P
400
Index
Fund
82
,232
16
6,887
41,267
216
,674
Origin
Emerging
Markets
Fund
17
,449
34
,397
8,615
4
3,943
Real
Estate
Securities
Fund
15
,444
29
,429
7,456
3
8,808
SmallCap
S&P
600
Index
Fund
2
7,511
52
,423
12,792
69,781
$
67
7,937
$
1,36
2,119
$
337,823
$
1,78
4,560
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Fund
$
1
,349
$
10
$
—
$
775
Diversified
International
Fund
6,547
(80)
—
1
7,873
High
Income
Fund
225
—
—
508
International
Small
Company
Fund
526
5
—
1,8
79
LargeCap
S&P
500
Index
Fund
7
,411
1
,511
14
,212
46
,282
MidCap
S&P
400
Index
Fund
1,978
(10)
3
,070
8,832
Origin
Emerging
Markets
Fund
635
3
—
709
Real
Estate
Securities
Fund
157
(36)
—
1
,427
SmallCap
S&P
600
Index
Fund
711
(21)
1,315
2,660
$
19,539
$
1
,382
$
1
8,597
$
8
0,94
5
Amounts
in
whole
dollars.
Schedule
of
Investments
Principal
LifeTime
Hybrid
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
217
INVESTMENT
COMPANIES
-
100
.00
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
18
.34
%
Diversified
International
Fund
(a)
770,293
$
10,014
Diversified
Real
Asset
Fund
(a)
265,507
2,867
International
Small
Company
Fund
(a)
103,599
1,024
MidCap
S&P
400
Index
Fund
(a)
245,191
5,306
Origin
Emerging
Markets
Fund
(a)
111,864
1,045
SmallCap
S&P
600
Index
Fund
(a)
68,015
1,689
$
21,945
Principal
Funds,
Inc.
Institutional
Class
-
81
.66
%
Bond
Market
Index
Fund
(a)
4,757,950
40,347
High
Income
Fund
(a)
977,818
8,018
Inflation
Protection
Fund
(a)
958,576
7,372
LargeCap
S&P
500
Index
Fund
(a)
918,783
21,766
Short-Term
Income
Fund
(a)
1,700,174
20,181
$
97,684
TOTAL
INVESTMENT
COMPANIES
$
119,629
Total
Investments
$
119,629
Other
Assets
and
Liabilities
- 0.00%
—
TOTAL
NET
ASSETS
-
100.00%
$
119,629
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Portfolio
Summary
Fund
Type
Percent
Fixed
Income
Funds
63
.46
%
Domestic
Equity
Funds
24
.04
%
International
Equity
Funds
10
.10
%
Specialty
Funds
2
.40
%
Other
Assets
and
Liabilities
0
.00
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Bond
Market
Index
Fund
$
35,504
$
5,004
$
1,618
$
40,347
Diversified
International
Fund
8,515
993
349
10,014
Diversified
Real
Asset
Fund
2,571
261
115
2,867
High
Income
Fund
7,109
781
301
8,018
Inflation
Protection
Fund
6,650
888
300
7,372
International
Small
Company
Fund
859
112
44
1,024
LargeCap
S&P
500
Index
Fund
18,052
2,384
729
21,766
MidCap
S&P
400
Index
Fund
4,378
623
203
5,306
Origin
Emerging
Markets
Fund
926
106
38
1,045
Short-Term
Income
Fund
18,638
1,840
789
20,181
SmallCap
S&P
600
Index
Fund
1,369
228
72
1,689
$
104,571
$
13,220
$
4,558
$
119,629
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Fund
$
1,572
$
(
2
)
$
—
$
1,459
Diversified
International
Fund
253
2
—
853
Diversified
Real
Asset
Fund
19
—
—
150
High
Income
Fund
143
—
—
429
Inflation
Protection
Fund
250
—
—
134
International
Small
Company
Fund
20
—
—
97
LargeCap
S&P
500
Index
Fund
287
—
550
2,059
MidCap
S&P
400
Index
Fund
75
—
117
508
Origin
Emerging
Markets
Fund
24
—
—
51
Short-Term
Income
Fund
167
2
—
490
SmallCap
S&P
600
Index
Fund
26
—
48
164
$
2,836
$
2
$
715
$
6,394
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
Strategic
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
218
INVESTMENT
COMPANIES
-
100.01%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
55.18%
Blue
Chip
Fund
(a)
790,318
$
32,079
Core
Fixed
Income
Fund
(a)
31,334,838
269,166
Diversified
International
Fund
(a)
3,178,467
41,320
Diversified
Real
Asset
Fund
(a)
1,674,146
18,081
International
Small
Company
Fund
(a)
672,764
6,654
LargeCap
Growth
Fund
I
(a)
1,742,625
31,245
MidCap
Fund
(a)
128,836
4,995
MidCap
Value
Fund
I
(a)
1,091,638
17,805
Origin
Emerging
Markets
Fund
(a)
1,104,840
10,319
SmallCap
Growth
Fund
I
(a),(b)
379,848
5,234
SmallCap
Value
Fund
II
(a)
484,786
5,672
$
442,570
Principal
Funds,
Inc.
Institutional
Class
-
44.83%
Equity
Income
Fund
(a)
737,903
27,841
High
Income
Fund
(a)
6,603,123
54,146
Inflation
Protection
Fund
(a)
6,356,309
48,880
LargeCap
S&P
500
Index
Fund
(a)
1,242,651
29,438
LargeCap
Value
Fund
III
(a)
1,559,295
28,208
MidCap
Growth
Fund
III
(a),(b)
1,171,889
13,289
Overseas
Fund
(a)
2,144,807
22,263
Short-Term
Income
Fund
(a)
11,419,596
135,551
$
359,616
TOTAL
INVESTMENT
COMPANIES
$
802,186
Total
Investments
$
802,186
Other
Assets
and
Liabilities
- (0.01)%
(84)
TOTAL
NET
ASSETS
-
100.00%
$
802,102
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Non-income
producing
security
Portfolio
Summary
Fund
Type
Percent
Fixed
Income
Funds
63.30%
Domestic
Equity
Funds
24.42%
International
Equity
Funds
10.04%
Specialty
Funds
2.25%
Other
Assets
and
Liabilities
(0.01)%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
Principal
LifeTime
Strategic
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
219
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
28,543
$
70
$
2,375
$
32,079
Core
Fixed
Income
Fund
259,445
3,011
13,226
269,166
Diversified
International
Fund
38,248
1,191
1,900
41,320
Diversified
Real
Asset
Fund
17,816
173
931
18,081
Equity
Income
Fund
24,487
1,186
1,192
27,841
High
Income
Fund
52,380
1,134
2,459
54,146
Inflation
Protection
Fund
48,502
1,872
2,458
48,880
International
Small
Company
Fund
6,169
153
353
6,654
LargeCap
Growth
Fund
I
28,058
1,869
2,375
31,245
LargeCap
S&P
500
Index
Fund
26,413
1,241
1,193
29,438
LargeCap
Value
Fund
III
24,732
2,498
1,192
28,208
MidCap
Fund
4,361
140
242
4,995
MidCap
Growth
Fund
III
11,697
938
598
13,289
MidCap
Value
Fund
I
16,340
867
820
17,805
Origin
Emerging
Markets
Fund
9,962
272
466
10,319
Overseas
Fund
20,919
1,441
800
22,263
Short-Term
Income
Fund
136,995
1,505
6,444
135,551
SmallCap
Growth
Fund
I
4,694
15
299
5,234
SmallCap
Value
Fund
II
5,103
200
298
5,672
$
764,864
$
19,776
$
39,621
$
802,186
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
10
$
1,314
$
—
$
4,527
Core
Fixed
Income
Fund
2,346
(1,470)
—
21,406
Diversified
International
Fund
1,095
41
—
3,740
Diversified
Real
Asset
Fund
126
(16)
—
1,039
Equity
Income
Fund
145
(49)
192
3,409
High
Income
Fund
1,011
(144)
—
3,235
Inflation
Protection
Fund
1,748
(23)
—
987
International
Small
Company
Fund
135
1
—
684
LargeCap
Growth
Fund
I
28
(61)
1,780
3,754
LargeCap
S&P
500
Index
Fund
405
(5)
777
2,982
LargeCap
Value
Fund
III
488
4
374
2,166
MidCap
Fund
6
(8)
122
744
MidCap
Growth
Fund
III
—
4
908
1,248
MidCap
Value
Fund
I
252
3
574
1,415
Origin
Emerging
Markets
Fund
249
1
—
550
Overseas
Fund
986
20
415
683
Short-Term
Income
Fund
1,181
(68)
—
3,563
SmallCap
Growth
Fund
I
—
19
—
805
SmallCap
Value
Fund
II
161
(2)
23
669
$
10,372
$
(
439)
$
5,165
$
57,606
Amounts
in
thousands.
Schedule
of
Investments
Real
Estate
Securities
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
220
INVESTMENT
COMPANIES
-
0
.64
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
0
.64
%
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(a),(b)
36,801,081
$
36,801
TOTAL
INVESTMENT
COMPANIES
$
36,801
COMMON
STOCKS
-
98
.98
%
Shares
Held
Value
(000's)
Entertainment
-
0
.63
%
Marriott
Vacations
Worldwide
Corp
438,498
$
36,786
REITs
-
98
.35
%
Agree
Realty
Corp
1,271,766
75,810
Alexandria
Real
Estate
Equities
Inc
1,585,006
191,627
American
Homes
4
Rent
5,896,869
206,685
American
Tower
Corp
1,066,606
208,681
Americold
Realty
Trust
Inc
3,624,680
99,679
Apartment
Income
REIT
Corp
2,349,574
76,808
Apple
Hospitality
REIT
Inc
3,413,154
54,815
AvalonBay
Communities
Inc
1,538,796
275,460
Broadstone
Net
Lease
Inc
4,899,431
78,734
Cousins
Properties
Inc
3,572,854
81,854
DiamondRock
Hospitality
Co
4,462,835
40,790
Digital
Realty
Trust
Inc
1,879,007
263,925
Equinix
Inc
452,554
375,516
Equity
Residential
788,706
47,472
Essex
Property
Trust
Inc
895,177
208,818
Extra
Space
Storage
Inc
2,129,092
307,526
First
Industrial
Realty
Trust
Inc
2,064,144
106,345
Gaming
and
Leisure
Properties
Inc
2,709,297
123,679
Healthcare
Realty
Trust
Inc
3,349,776
53,965
InvenTrust
Properties
Corp
1,079,302
26,799
Invitation
Homes
Inc
6,492,516
213,799
Kilroy
Realty
Corp
1,811,569
64,782
National
Health
Investors
Inc
882,153
46,913
NETSTREIT
Corp
2,165,994
39,356
NNN
REIT
Inc
2,020,855
81,521
Prologis
Inc
3,475,054
440,255
Public
Storage
425,278
120,434
Realty
Income
Corp
168,141
9,145
Regency
Centers
Corp
2,664,179
166,964
Rexford
Industrial
Realty
Inc
3,587,001
188,640
Sabra
Health
Care
REIT
Inc
7,049,294
94,038
Saul
Centers
Inc
297,197
11,371
Simon
Property
Group
Inc
646,509
89,613
Sun
Communities
Inc
1,594,710
199,897
Terreno
Realty
Corp
1,619,579
96,737
Ventas
Inc
6,633,412
307,724
VICI
Properties
Inc
8,325,882
250,776
Welltower
Inc
4,198,048
363,173
$
5,690,126
TOTAL
COMMON
STOCKS
$
5,726,912
Total
Investments
$
5,763,713
Other
Assets
and
Liabilities
- 0.38%
21,860
TOTAL
NET
ASSETS
-
100.00%
$
5,785,573
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
1-day
yield
shown
is
as
of
period
end.
Portfolio
Summary
Sector
Percent
Financial
98
.35
%
Money
Market
Funds
0
.64
%
Consumer,
Cyclical
0
.63
%
Other
Assets
and
Liabilities
0
.38
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
127,008
$
187,459
$
277,666
$
36,801
$
127,008
$
187,459
$
277,666
$
36,801
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
1,226
$
—
$
—
$
—
$
1,226
$
—
$
—
$
—
Amounts
in
thousands.
Schedule
of
Investments
SAM
Balanced
Portfolio
January
31,
2024
(unaudited)
See
accompanying
notes.
221
INVESTMENT
COMPANIES
-
100
.05
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
0
.66
%
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(a),(b)
28,833,602
$
28,834
Principal
Exchange-Traded
Funds
-
14
.71
%
Principal
U.S.
Mega-Cap
ETF
(a)
11,000,257
528,452
Principal
U.S.
Small-Cap
ETF
(a)
2,591,700
117,819
$
646,271
Principal
Funds,
Inc.
Class
R-6
-
48
.65
%
Blue
Chip
Fund
(a)
9,727,258
394,829
Core
Fixed
Income
Fund
(a)
73,218,924
628,951
Diversified
International
Fund
(a)
12,642,980
164,359
Diversified
Real
Asset
Fund
(a)
12,505,600
135,061
High
Yield
Fund
(a)
24,771,448
164,978
International
Equity
Index
Fund
(a)
1,987,874
21,966
International
Small
Company
Fund
(a)
4,470,687
44,215
LargeCap
Growth
Fund
I
(a)
8,810,121
157,965
MidCap
Fund
(a)
1,845,315
71,543
Origin
Emerging
Markets
Fund
(a)
9,774,378
91,293
Real
Estate
Securities
Fund
(a)
1,581,581
41,880
Small-MidCap
Dividend
Income
Fund
(a)
5,166,664
89,538
Spectrum
Preferred
and
Capital
Securities
Income
Fund
(a)
14,532,522
130,066
$
2,136,644
Principal
Funds,
Inc.
Institutional
Class
-
36
.03
%
Bond
Market
Index
Fund
(a)
22,077,722
187,219
Equity
Income
Fund
(a)
8,378,274
316,112
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
(a)
6,876,139
60,166
Government
&
High
Quality
Bond
Fund
(a)
6,934,264
62,270
Inflation
Protection
Fund
(a)
10,093,001
77,615
LargeCap
S&P
500
Index
Fund
(a)
3,877,301
91,853
LargeCap
Value
Fund
III
(a)
8,969,691
162,262
Overseas
Fund
(a)
11,842,206
122,922
Principal
Capital
Appreciation
Fund
(a)
5,936,483
417,454
Short-Term
Income
Fund
(a)
7,146,613
84,830
$
1,582,703
TOTAL
INVESTMENT
COMPANIES
$
4,394,452
Total
Investments
$
4,394,452
Other
Assets
and
Liabilities
- (0.05)%
(
2,249
)
TOTAL
NET
ASSETS
-
100.00%
$
4,392,203
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
1-day
yield
shown
is
as
of
period
end.
Portfolio
Summary
Fund
Type
Percent
Domestic
Equity
Funds
54
.40
%
Fixed
Income
Funds
31
.79
%
International
Equity
Funds
10
.13
%
Specialty
Funds
3
.07
%
Money
Market
Funds
0
.66
%
Other
Assets
and
Liabilities
(
0
.05
)
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
SAM
Balanced
Portfolio
January
31,
2024
(unaudited)
See
accompanying
notes.
222
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
369,375
$
633
$
49,359
$
394,829
Bond
Market
Index
Fund
268,530
7,583
99,477
187,219
Core
Fixed
Income
Fund
571,458
18,808
6,043
628,951
Diversified
International
Fund
147,549
4,435
2,311
164,359
Diversified
Real
Asset
Fund
126,055
1,767
—
135,061
Equity
Income
Fund
279,957
4,030
6,611
316,112
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
54,902
1,938
—
60,166
Government
&
High
Quality
Bond
Fund
56,521
968
—
62,270
High
Yield
Fund
151,899
3,468
362
164,978
Inflation
Protection
Fund
71,715
4,491
—
77,615
International
Equity
Index
Fund
20,021
838
792
21,966
International
Small
Company
Fund
39,816
895
952
44,215
LargeCap
Growth
Fund
I
137,994
8,841
7,227
157,965
LargeCap
S&P
500
Index
Fund
82,637
3,700
3,803
91,853
LargeCap
Value
Fund
III
146,939
5,256
2,851
162,262
MidCap
Fund
68,102
1,855
9,898
71,543
Origin
Emerging
Markets
Fund
87,585
2,219
3,357
91,293
Overseas
Fund
95,715
25,792
852
122,922
Principal
Capital
Appreciation
Fund
372,396
3,984
17,539
417,454
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
29,543
3,039
3,748
28,834
Principal
U.S.
Mega-Cap
ETF
422,573
37,081
—
528,452
Principal
U.S.
Small-Cap
ETF
76,269
24,675
—
117,819
Real
Estate
Securities
Fund
37,636
306
1,037
41,880
Short-Term
Income
Fund
81,516
1,195
—
84,830
Small-MidCap
Dividend
Income
Fund
78,521
1,181
2,586
89,538
Spectrum
Preferred
and
Capital
Securities
Income
Fund
120,976
2,086
2,303
130,066
$
3,996,200
$
171,064
$
221,108
$
4,394,452
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
119
$
28,851
$
—
$
45,329
Bond
Market
Index
Fund
7,583
(
4,261
)
—
14,844
Core
Fixed
Income
Fund
5,334
(
789
)
—
45,517
Diversified
International
Fund
4,310
44
—
14,642
Diversified
Real
Asset
Fund
916
—
—
7,239
Equity
Income
Fund
1,695
1,549
2,233
37,187
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
1,349
—
—
3,326
Government
&
High
Quality
Bond
Fund
490
—
—
4,781
High
Yield
Fund
2,653
(
48
)
—
10,021
Inflation
Protection
Fund
2,674
—
—
1,409
International
Equity
Index
Fund
652
(
3
)
187
1,902
International
Small
Company
Fund
892
(
16
)
—
4,472
LargeCap
Growth
Fund
I
138
(
1,403
)
8,698
19,760
LargeCap
S&P
500
Index
Fund
1,263
216
2,425
9,103
LargeCap
Value
Fund
III
2,956
(
175
)
2,263
13,093
MidCap
Fund
81
1,204
1,725
10,280
Origin
Emerging
Markets
Fund
2,214
(
986
)
—
5,832
Overseas
Fund
5,379
(
47
)
2,265
2,314
Principal
Capital
Appreciation
Fund
3,956
(
835
)
—
59,448
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
362
—
—
—
Principal
U.S.
Mega-Cap
ETF
1,995
—
—
68,798
Principal
U.S.
Small-Cap
ETF
289
—
—
16,875
Real
Estate
Securities
Fund
272
(
8
)
—
4,983
Short-Term
Income
Fund
720
—
—
2,119
Small-MidCap
Dividend
Income
Fund
593
78
570
12,344
Spectrum
Preferred
and
Capital
Securities
Income
Fund
1,893
(
365
)
—
9,672
$
50,778
$
23,006
$
20,366
$
425,290
Amounts
in
thousands.
Schedule
of
Investments
SAM
Conservative
Balanced
Portfolio
January
31,
2024
(unaudited)
See
accompanying
notes.
223
INVESTMENT
COMPANIES
-
100
.00
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
0
.62
%
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(a),(b)
10,917,125
$
10,917
Principal
Exchange-Traded
Funds
-
10
.03
%
Principal
U.S.
Mega-Cap
ETF
(a)
3,048,648
146,457
Principal
U.S.
Small-Cap
ETF
(a)
693,700
31,536
$
177,993
Principal
Funds,
Inc.
Class
R-6
-
51
.22
%
Blue
Chip
Fund
(a)
2,582,092
104,807
Core
Fixed
Income
Fund
(a)
51,784,529
444,829
Diversified
International
Fund
(a)
3,457,896
44,953
Diversified
Real
Asset
Fund
(a)
4,393,446
47,449
High
Yield
Fund
(a)
11,079,400
73,789
International
Equity
Index
Fund
(a)
804,222
8,887
International
Small
Company
Fund
(a)
1,115,284
11,030
LargeCap
Growth
Fund
I
(a)
1,316,908
23,612
MidCap
Fund
(a)
484,396
18,780
Origin
Emerging
Markets
Fund
(a)
2,517,545
23,514
Real
Estate
Securities
Fund
(a)
519,411
13,754
Small-MidCap
Dividend
Income
Fund
(a)
1,358,272
23,539
Spectrum
Preferred
and
Capital
Securities
Income
Fund
(a)
7,854,063
70,294
$
909,237
Principal
Funds,
Inc.
Institutional
Class
-
38
.13
%
Bond
Market
Index
Fund
(a)
23,261,843
197,260
Equity
Income
Fund
(a)
2,940,168
110,932
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
(a)
4,587,078
40,137
Government
&
High
Quality
Bond
Fund
(a)
4,751,341
42,667
Inflation
Protection
Fund
(a)
8,408,919
64,665
LargeCap
S&P
500
Index
Fund
(a)
1,191,893
28,236
LargeCap
Value
Fund
III
(a)
1,204,950
21,798
Overseas
Fund
(a)
1,744,125
18,104
Principal
Capital
Appreciation
Fund
(a)
1,525,512
107,274
Short-Term
Income
Fund
(a)
3,851,004
45,711
$
676,784
TOTAL
INVESTMENT
COMPANIES
$
1,774,931
Total
Investments
$
1,774,931
Other
Assets
and
Liabilities
- 0.00%
(
51
)
TOTAL
NET
ASSETS
-
100.00%
$
1,774,880
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
1-day
yield
shown
is
as
of
period
end.
Portfolio
Summary
Fund
Type
Percent
Fixed
Income
Funds
55
.17
%
Domestic
Equity
Funds
35
.55
%
International
Equity
Funds
5
.99
%
Specialty
Funds
2
.67
%
Money
Market
Funds
0
.62
%
Other
Assets
and
Liabilities
0
.00
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
SAM
Conservative
Balanced
Portfolio
January
31,
2024
(unaudited)
See
accompanying
notes.
224
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
99,516
$
32
$
14,643
$
104,807
Bond
Market
Index
Fund
214,080
8,306
33,595
197,260
Core
Fixed
Income
Fund
394,896
18,871
—
444,829
Diversified
International
Fund
40,632
1,235
953
44,953
Diversified
Real
Asset
Fund
44,915
498
556
47,449
Equity
Income
Fund
98,544
1,657
2,894
110,932
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
37,388
1,033
555
40,137
Government
&
High
Quality
Bond
Fund
38,895
607
123
42,667
High
Yield
Fund
67,802
1,624
100
73,789
Inflation
Protection
Fund
60,562
2,918
15
64,665
International
Equity
Index
Fund
8,030
337
242
8,887
International
Small
Company
Fund
9,935
223
242
11,030
LargeCap
Growth
Fund
I
20,782
1,351
1,277
23,612
LargeCap
S&P
500
Index
Fund
25,776
1,168
1,612
28,236
LargeCap
Value
Fund
III
19,862
711
521
21,798
MidCap
Fund
16,174
528
669
18,780
Origin
Emerging
Markets
Fund
21,820
561
66
23,514
Overseas
Fund
16,289
1,336
51
18,104
Principal
Capital
Appreciation
Fund
94,956
1,145
3,845
107,274
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
8,997
2,512
592
10,917
Principal
U.S.
Mega-Cap
ETF
114,370
13,145
—
146,457
Principal
U.S.
Small-Cap
ETF
24,853
1,981
—
31,536
Real
Estate
Securities
Fund
11,620
597
—
13,754
Short-Term
Income
Fund
44,004
636
73
45,711
Small-MidCap
Dividend
Income
Fund
19,984
382
—
23,539
Spectrum
Preferred
and
Capital
Securities
Income
Fund
64,422
1,375
471
70,294
$
1,619,104
$
64,769
$
63,095
$
1,774,931
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
32
$
6,481
$
—
$
13,421
Bond
Market
Index
Fund
8,306
(
2,094
)
—
10,563
Core
Fixed
Income
Fund
3,725
—
—
31,062
Diversified
International
Fund
1,183
17
—
4,022
Diversified
Real
Asset
Fund
325
(
77
)
—
2,669
Equity
Income
Fund
595
28
785
13,597
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
911
(
107
)
—
2,378
Government
&
High
Quality
Bond
Fund
336
(
11
)
—
3,299
High
Yield
Fund
1,187
(
8
)
—
4,471
Inflation
Protection
Fund
2,257
(
1
)
—
1,201
International
Equity
Index
Fund
262
(
1
)
75
763
International
Small
Company
Fund
223
(
3
)
—
1,117
LargeCap
Growth
Fund
I
21
68
1,324
2,688
LargeCap
S&P
500
Index
Fund
398
52
764
2,852
LargeCap
Value
Fund
III
399
5
306
1,741
MidCap
Fund
21
16
460
2,731
Origin
Emerging
Markets
Fund
555
(
21
)
—
1,220
Overseas
Fund
782
(
2
)
329
532
Principal
Capital
Appreciation
Fund
1,022
145
—
14,873
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
140
—
—
—
Principal
U.S.
Mega-Cap
ETF
553
—
—
18,942
Principal
U.S.
Small-Cap
ETF
77
—
—
4,702
Real
Estate
Securities
Fund
87
—
—
1,537
Short-Term
Income
Fund
388
(
1
)
—
1,145
Small-MidCap
Dividend
Income
Fund
153
—
147
3,173
Spectrum
Preferred
and
Capital
Securities
Income
Fund
1,013
(
92
)
—
5,060
$
24,951
$
4,394
$
4,190
$
149,759
Amounts
in
thousands.
Schedule
of
Investments
SAM
Conservative
Growth
Portfolio
January
31,
2024
(unaudited)
See
accompanying
notes.
225
INVESTMENT
COMPANIES
-
100.04%
Shares
Held
Value
(000's)
Money
Market
Funds
-
1.02%
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(a),(b)
30,913,149
$
30,913
Principal
Exchange-Traded
Funds
-
16.37%
Principal
U.S.
Mega-Cap
ETF
(a)
8,097,445
389,001
Principal
U.S.
Small-Cap
ETF
(a)
2,338,800
106,322
$
495,323
Principal
Funds,
Inc.
Class
R-6
-
45.52%
Blue
Chip
Fund
(a)
9,493,484
385,340
Core
Fixed
Income
Fund
(a)
21,119,310
181,415
Diversified
International
Fund
(a)
13,197,004
171,561
Diversified
Real
Asset
Fund
(a)
9,460,217
102,170
High
Yield
Fund
(a)
6,868,518
45,744
International
Equity
Index
Fund
(a)
2,724,210
30,103
International
Small
Company
Fund
(a)
4,210,787
41,645
LargeCap
Growth
Fund
I
(a)
7,692,500
137,927
MidCap
Fund
(a)
1,465,869
56,832
Origin
Emerging
Markets
Fund
(a)
8,479,548
79,199
Real
Estate
Securities
Fund
(a)
1,618,031
42,845
Small-
MidCap
Dividend
Income
Fund
(a)
3,656,431
63,366
Spectrum
Preferred
and
Capital
Securities
Income
Fund
(a)
4,378,276
39,186
$
1,377,333
Principal
Funds,
Inc.
Institutional
Class
-
37.13%
Bond
Market
Index
Fund
(a)
8,095,952
68,654
Equity
Income
Fund
(a)
8,407,885
317,229
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
(a)
2,638,077
23,083
Government
&
High
Quality
Bond
Fund
(a)
2,079,934
18,678
Inflation
Protection
Fund
(a)
2,525,735
19,423
LargeCap
S&P
500
Index
Fund
(a)
3,259,949
77,228
LargeCap
Value
Fund
III
(a)
8,438,946
152,661
Overseas
Fund
(a)
6,907,161
71,696
Principal
Capital
Appreciation
Fund
(a)
5,326,531
374,562
$
1,123,214
TOTAL
INVESTMENT
COMPANIES
$
3,026,783
Total
Investments
$
3,026,783
Other
Assets
and
Liabilities
- (0.04)%
(1,211)
TOTAL
NET
ASSETS
-
100.00%
$
3,025,572
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
1-day
yield
shown
is
as
of
period
end.
Portfolio
Summary
Fund
Type
Percent
Domestic
Equity
Funds
69.53%
Fixed
Income
Funds
13.08%
International
Equity
Funds
13.03%
Specialty
Funds
3.38%
Money
Market
Funds
1.02%
Other
Assets
and
Liabilities
(0.04)%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
SAM
Conservative
Growth
Portfolio
January
31,
2024
(unaudited)
See
accompanying
notes.
226
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
338,572
$
421
$
22,784
$
385,340
Bond
Market
Index
Fund
84,366
2,782
21,787
68,654
Core
Fixed
Income
Fund
165,698
2,793
—
181,415
Diversified
International
Fund
154,420
4,663
2,870
171,561
Diversified
Real
Asset
Fund
96,542
830
758
102,170
Equity
Income
Fund
281,364
4,273
7,284
317,229
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
21,926
535
714
23,083
Government
&
High
Quality
Bond
Fund
17,144
190
101
18,678
High
Yield
Fund
42,232
841
102
45,744
Inflation
Protection
Fund
18,233
827
—
19,423
International
Equity
Index
Fund
27,041
1,138
644
30,103
International
Small
Company
Fund
37,098
892
491
41,645
LargeCap
Growth
Fund
I
119,125
7,732
4,803
137,927
LargeCap
S&P
500
Index
Fund
70,220
3,148
4,042
77,228
LargeCap
Value
Fund
III
138,293
5,041
2,816
152,661
MidCap
Fund
58,696
1,452
13,154
56,832
Origin
Emerging
Markets
Fund
79,771
2,006
7,042
79,199
Overseas
Fund
65,961
4,593
1,055
71,696
Principal
Capital
Appreciation
Fund
331,307
3,552
12,601
374,562
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
27,558
5,162
1,807
30,913
Principal
U.S.
Mega-Cap
ETF
325,269
12,446
—
389,001
Principal
U.S.
Small-Cap
ETF
67,064
25,459
—
106,322
Real
Estate
Securities
Fund
38,673
332
1,274
42,845
Small-
MidCap
Dividend
Income
Fund
61,361
829
8,313
63,366
Spectrum
Preferred
and
Capital
Securities
Income
Fund
36,210
640
457
39,186
$
2,704,144
$
92,577
$
114,899
$
3,026,783
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
115
$
10,595
$
—
$
58,536
Bond
Market
Index
Fund
2,782
(976)
—
4,269
Core
Fixed
Income
Fund
1,538
—
—
12,924
Diversified
International
Fund
4,479
160
—
15,188
Diversified
Real
Asset
Fund
698
(117)
—
5,673
Equity
Income
Fund
1,697
339
2,238
38,537
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
531
(134)
—
1,470
Government
&
High
Quality
Bond
Fund
147
(18)
—
1,463
High
Yield
Fund
737
(14)
—
2,787
Inflation
Protection
Fund
675
—
—
363
International
Equity
Index
Fund
881
1
252
2,567
International
Small
Company
Fund
831
(89)
—
4,235
LargeCap
Growth
Fund
I
120
(1,029)
7,585
16,902
LargeCap
S&P
500
Index
Fund
1,075
174
2,062
7,728
LargeCap
Value
Fund
III
2,766
(268)
2,117
12,411
MidCap
Fund
64
1,753
1,371
8,085
Origin
Emerging
Markets
Fund
1,986
(2,049)
—
6,513
Overseas
Fund
3,132
(57)
1,319
2,254
Principal
Capital
Appreciation
Fund
3,539
394
—
51,910
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
376
—
—
—
Principal
U.S.
Mega-Cap
ETF
1,469
—
—
51,286
Principal
U.S.
Small-Cap
ETF
261
—
—
13,799
Real
Estate
Securities
Fund
278
(11)
—
5,125
Small-
MidCap
Dividend
Income
Fund
420
377
404
9,112
Spectrum
Preferred
and
Capital
Securities
Income
Fund
568
(70)
—
2,863
$
31,165
$
8,961
$
17,348
$
336,000
Amounts
in
thousands.
Schedule
of
Investments
SAM
Flexible
Income
Portfolio
January
31,
2024
(unaudited)
See
accompanying
notes.
227
INVESTMENT
COMPANIES
-
100
.04
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
0
.61
%
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(a),(b)
14,700,243
$
14,700
Principal
Exchange-Traded
Funds
-
8
.87
%
Principal
Active
High
Yield
ETF
(a)
2,073,084
39,409
Principal
U.S.
Mega-Cap
ETF
(a)
3,617,095
173,765
$
213,174
Principal
Funds,
Inc.
Class
R-6
-
49
.49
%
Blue
Chip
Fund
(a)
1,262,807
51,257
Core
Fixed
Income
Fund
(a)
84,398,145
724,980
Diversified
International
Fund
(a)
4,730,512
61,497
Diversified
Real
Asset
Fund
(a)
3,322,830
35,887
Global
Real
Estate
Securities
Fund
(a)
1,379,114
12,219
High
Yield
Fund
(a)
12,318,475
82,041
LargeCap
Growth
Fund
I
(a)
1,414,416
25,360
Origin
Emerging
Markets
Fund
(a)
1,188,330
11,099
Real
Estate
Securities
Fund
(a)
449,813
11,911
Small-MidCap
Dividend
Income
Fund
(a)
4,287,712
74,306
Spectrum
Preferred
and
Capital
Securities
Income
Fund
(a)
10,950,824
98,010
$
1,188,567
Principal
Funds,
Inc.
Institutional
Class
-
41
.07
%
Bond
Market
Index
Fund
(a)
44,511,622
377,459
Equity
Income
Fund
(a)
2,094,057
79,009
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
(a)
6,822,270
59,695
Government
&
High
Quality
Bond
Fund
(a)
11,591,400
104,091
Inflation
Protection
Fund
(a)
17,001,946
130,745
LargeCap
S&P
500
Index
Fund
(a)
1,062,696
25,175
LargeCap
Value
Fund
III
(a)
1,311,344
23,722
Principal
Capital
Appreciation
Fund
(a)
1,443,662
101,518
Short-Term
Income
Fund
(a)
7,156,856
84,952
$
986,366
TOTAL
INVESTMENT
COMPANIES
$
2,402,807
Total
Investments
$
2,402,807
Other
Assets
and
Liabilities
- (0.04)%
(
997
)
TOTAL
NET
ASSETS
-
100.00%
$
2,401,810
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
1-day
yield
shown
is
as
of
period
end.
Portfolio
Summary
Fund
Type
Percent
Fixed
Income
Funds
70
.84
%
Domestic
Equity
Funds
23
.57
%
International
Equity
Funds
3
.53
%
Specialty
Funds
1
.49
%
Money
Market
Funds
0
.61
%
Other
Assets
and
Liabilities
(
0
.04
)
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
SAM
Flexible
Income
Portfolio
January
31,
2024
(unaudited)
See
accompanying
notes.
228
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
44,242
$
19
$
2,105
$
51,257
Bond
Market
Index
Fund
419,060
15,970
74,183
377,459
Core
Fixed
Income
Fund
665,352
7,795
—
724,980
Diversified
International
Fund
56,574
1,630
2,309
61,497
Diversified
Real
Asset
Fund
34,353
247
700
35,887
Equity
Income
Fund
70,802
986
2,504
79,009
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
49,939
6,556
—
59,695
Global
Real
Estate
Securities
Fund
10,799
334
196
12,219
Government
&
High
Quality
Bond
Fund
97,878
887
2,828
104,091
High
Yield
Fund
77,640
1,420
2,042
82,041
Inflation
Protection
Fund
118,785
9,616
—
130,745
LargeCap
Growth
Fund
I
22,249
1,431
1,271
25,360
LargeCap
S&P
500
Index
Fund
22,852
1,022
1,271
25,175
LargeCap
Value
Fund
III
21,879
766
836
23,722
Origin
Emerging
Markets
Fund
10,720
267
484
11,099
Principal
Active
High
Yield
ETF
37,087
—
—
39,409
Principal
Capital
Appreciation
Fund
93,061
986
7,146
101,518
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
15,209
1,531
2,040
14,700
Principal
U.S.
Mega-Cap
ETF
133,835
17,539
—
173,765
Real
Estate
Securities
Fund
10,646
76
195
11,911
Short-Term
Income
Fund
83,052
760
1,005
84,952
Small-MidCap
Dividend
Income
Fund
68,386
1,007
5,909
74,306
Spectrum
Preferred
and
Capital
Securities
Income
Fund
92,937
1,423
3,364
98,010
$
2,257,337
$
72,268
$
110,388
$
2,402,807
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
16
$
740
$
—
$
8,361
Bond
Market
Index
Fund
15,970
(
4,291
)
—
20,903
Core
Fixed
Income
Fund
6,163
—
—
51,833
Diversified
International
Fund
1,625
(
11
)
—
5,613
Diversified
Real
Asset
Fund
247
22
—
1,965
Equity
Income
Fund
422
117
557
9,608
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
1,342
—
—
3,200
Global
Real
Estate
Securities
Fund
334
19
—
1,263
Government
&
High
Quality
Bond
Fund
827
(
516
)
—
8,670
High
Yield
Fund
1,328
(
144
)
—
5,167
Inflation
Protection
Fund
4,571
—
—
2,344
LargeCap
Growth
Fund
I
22
96
1,407
2,855
LargeCap
S&P
500
Index
Fund
349
59
670
2,513
LargeCap
Value
Fund
III
433
18
331
1,895
Origin
Emerging
Markets
Fund
267
(
225
)
—
821
Principal
Active
High
Yield
ETF
671
—
—
2,322
Principal
Capital
Appreciation
Fund
986
298
—
14,319
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
187
—
—
—
Principal
U.S.
Mega-Cap
ETF
656
—
—
22,391
Real
Estate
Securities
Fund
76
(
21
)
—
1,405
Short-Term
Income
Fund
726
(
25
)
—
2,170
Small-MidCap
Dividend
Income
Fund
513
320
495
10,502
Spectrum
Preferred
and
Capital
Securities
Income
Fund
1,418
(
660
)
—
7,674
$
39,149
$
(
4,204
)
$
3,460
$
187,794
Amounts
in
thousands.
Schedule
of
Investments
SAM
Strategic
Growth
Portfolio
January
31,
2024
(unaudited)
See
accompanying
notes.
229
INVESTMENT
COMPANIES
-
100
.04
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
0
.67
%
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(a),(b)
14,029,911
$
14,030
Principal
Exchange-Traded
Funds
-
17
.99
%
Principal
U.S.
Mega-Cap
ETF
(a)
6,047,800
290,537
Principal
U.S.
Small-Cap
ETF
(a)
1,899,500
86,351
$
376,888
Principal
Funds,
Inc.
Class
R-6
-
40
.96
%
Blue
Chip
Fund
(a)
7,547,959
306,372
Diversified
International
Fund
(a)
8,291,713
107,792
Diversified
Real
Asset
Fund
(a)
6,779,210
73,215
International
Equity
Index
Fund
(a)
2,432,622
26,880
International
Small
Company
Fund
(a)
4,790,899
47,382
LargeCap
Growth
Fund
I
(a)
6,183,863
110,877
MidCap
Fund
(a)
1,072,914
41,597
Origin
Emerging
Markets
Fund
(a)
7,916,655
73,942
Real
Estate
Securities
Fund
(a)
631,596
16,725
Small-MidCap
Dividend
Income
Fund
(a)
3,063,701
53,094
$
857,876
Principal
Funds,
Inc.
Institutional
Class
-
40
.42
%
Equity
Income
Fund
(a)
6,557,924
247,430
LargeCap
S&P
500
Index
Fund
(a)
2,678,991
63,465
LargeCap
Value
Fund
III
(a)
6,753,572
122,172
Overseas
Fund
(a)
9,732,803
101,027
Principal
Capital
Appreciation
Fund
(a)
4,444,584
312,543
$
846,637
TOTAL
INVESTMENT
COMPANIES
$
2,095,431
Total
Investments
$
2,095,431
Other
Assets
and
Liabilities
- (0.04)%
(
907
)
TOTAL
NET
ASSETS
-
100.00%
$
2,094,524
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
1-day
yield
shown
is
as
of
period
end.
Portfolio
Summary
Fund
Type
Percent
Domestic
Equity
Funds
78
.82
%
International
Equity
Funds
17
.05
%
Specialty
Funds
3
.50
%
Money
Market
Funds
0
.67
%
Other
Assets
and
Liabilities
(
0
.04
)
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
SAM
Strategic
Growth
Portfolio
January
31,
2024
(unaudited)
See
accompanying
notes.
230
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
275,380
$
360
$
25,193
$
306,372
Diversified
International
Fund
97,327
3,081
2,303
107,792
Diversified
Real
Asset
Fund
68,640
902
275
73,215
Equity
Income
Fund
217,822
4,443
5,022
247,430
International
Equity
Index
Fund
24,214
1,099
729
26,880
International
Small
Company
Fund
42,344
1,306
998
47,382
LargeCap
Growth
Fund
I
94,961
6,405
3,129
110,877
LargeCap
S&P
500
Index
Fund
57,218
2,684
2,877
63,465
LargeCap
Value
Fund
III
110,559
4,392
2,484
122,172
MidCap
Fund
35,790
1,165
1,424
41,597
Origin
Emerging
Markets
Fund
74,688
2,023
6,923
73,942
Overseas
Fund
90,201
10,400
2,385
101,027
Principal
Capital
Appreciation
Fund
274,822
3,398
9,091
312,543
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
10,199
3,831
—
14,030
Principal
U.S.
Mega-Cap
ETF
251,831
—
—
290,537
Principal
U.S.
Small-Cap
ETF
47,483
28,517
—
86,351
Real
Estate
Securities
Fund
8,903
7,164
555
16,725
Small-MidCap
Dividend
Income
Fund
70,777
767
28,708
53,094
$
1,853,159
$
81,937
$
92,096
$
2,095,431
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
92
$
8,474
$
—
$
47,351
Diversified
International
Fund
2,833
107
—
9,580
Diversified
Real
Asset
Fund
498
(
53
)
—
4,001
Equity
Income
Fund
1,325
21
1,742
30,166
International
Equity
Index
Fund
789
(
1
)
225
2,297
International
Small
Company
Fund
953
(
275
)
—
5,005
LargeCap
Growth
Fund
I
96
145
6,047
12,495
LargeCap
S&P
500
Index
Fund
877
121
1,685
6,319
LargeCap
Value
Fund
III
2,212
36
1,694
9,669
MidCap
Fund
47
58
1,010
6,008
Origin
Emerging
Markets
Fund
1,867
(
210
)
—
4,364
Overseas
Fund
4,459
(
180
)
1,878
2,991
Principal
Capital
Appreciation
Fund
2,945
(
558
)
—
43,972
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
159
—
—
—
Principal
U.S.
Mega-Cap
ETF
1,097
—
—
38,706
Principal
U.S.
Small-Cap
ETF
212
—
—
10,351
Real
Estate
Securities
Fund
110
5
—
1,208
Small-MidCap
Dividend
Income
Fund
353
1,150
340
9,108
$
20,924
$
8,840
$
14,621
$
243,591
Amounts
in
thousands.
Schedule
of
Investments
Short-Term
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
231
INVESTMENT
COMPANIES
-
4
.41
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
4
.41
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
5.21%
(a),(b)
2,893,687
$
2,894
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(a),(b),(c)
121,088,348
121,088
$
123,982
TOTAL
INVESTMENT
COMPANIES
$
123,982
BONDS
-
92
.16
%
Principal
Amount
(000's)
Value
(000's)
Aerospace
&
Defense
-
1
.13
%
Lockheed
Martin
Corp
4.50%,
02/15/2029
$
13,350
$
13,369
Northrop
Grumman
Corp
4.60%,
02/01/2029
10,000
10,019
RTX
Corp
5.75%,
11/08/2026
8,075
8,283
$
31,671
Agriculture
-
0
.14
%
Bunge
Ltd
Finance
Corp
1.63%,
08/17/2025
4,200
3,990
Airlines
-
0
.52
%
Alaska
Airlines
2020-1
Class
A
Pass
Through
Trust
4.80%,
02/15/2029
(d)
9,943
9,717
Delta
Air
Lines
Inc
/
SkyMiles
IP
Ltd
4.50%,
10/20/2025
(d)
5,060
5,000
$
14,717
Automobile
Asset
Backed
Securities
-
6
.26
%
BMW
Vehicle
Owner
Trust
2023-A
5.72%,
04/27/2026
9,000
9,010
CPS
Auto
Receivables
Trust
2023-C
6.13%,
09/15/2026
(d)
6,595
6,606
CPS
Auto
Receivables
Trust
2024-A
5.71%,
09/15/2027
(d)
7,200
7,206
Ford
Credit
Auto
Owner
Trust
2020-REV2
1.06%,
04/15/2033
(d)
11,000
10,307
GM
Financial
Consumer
Automobile
Receivables
Trust
2023-1
5.19%,
03/16/2026
4,262
4,254
GM
Financial
Consumer
Automobile
Receivables
Trust
2023-3
5.74%,
09/16/2026
7,246
7,256
GM
Financial
Consumer
Automobile
Receivables
Trust
2023-4
5.89%,
11/16/2026
8,220
8,257
Honda
Auto
Receivables
2023-2
Owner
Trust
5.41%,
04/15/2026
9,852
9,851
Mercedes-Benz
Auto
Receivables
Trust
2023-1
5.09%,
01/15/2026
2,647
2,643
Nissan
Auto
Receivables
2023-A
Owner
Trust
5.34%,
02/17/2026
7,165
7,158
OneMain
Direct
Auto
Receivables
Trust
2019-1
3.63%,
09/14/2027
(d)
16,750
16,475
OneMain
Direct
Auto
Receivables
Trust
2021-1
0.87%,
07/14/2028
(d)
21,992
21,152
OneMain
Direct
Auto
Receivables
Trust
2022-1
4.65%,
03/14/2029
(d)
10,300
10,217
Toyota
Auto
Loan
Extended
Note
Trust
2019-1
2.56%,
11/25/2031
(d)
17,000
16,828
Toyota
Auto
Loan
Extended
Note
Trust
2020-1
1.35%,
05/25/2033
(d)
6,100
5,813
Toyota
Auto
Loan
Extended
Note
Trust
2023-1
4.93%,
06/25/2036
(d)
7,600
7,680
Toyota
Auto
Receivables
2023-A
Owner
Trust
5.05%,
01/15/2026
7,569
7,552
Westlake
Automobile
Receivables
Trust
2022-2
6.48%,
08/15/2025
(d)
414
414
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
1.13%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Automobile
Asset
Backed
Securities
(continued)
World
Omni
Auto
Receivables
Trust
2023-A
5.78%,
07/15/2026
$
7,671
$
7,669
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.43%
World
Omni
Select
Auto
Trust
2023-A
5.92%,
03/15/2027
9,740
9,758
$
176,106
Banks
-
16
.12
%
Bank
of
America
Corp
0.98%,
09/25/2025
(e)
19,500
18,919
Secured
Overnight
Financing
Rate
+
0.91%
1.20%,
10/24/2026
(e)
9,600
8,954
Secured
Overnight
Financing
Rate
+
1.01%
1.32%,
06/19/2026
(e)
19,400
18,357
Secured
Overnight
Financing
Rate
+
1.15%
4.20%,
08/26/2024
24,500
24,300
Bank
of
Montreal
0.95%,
01/22/2027
(e)
14,700
13,583
Secured
Overnight
Financing
Rate
+
0.60%
Bank
of
Nova
Scotia/The
1.30%,
09/15/2026
5,300
4,855
Barclays
PLC
2.28%,
11/24/2027
(e)
7,308
6,724
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.05%
5.30%,
08/09/2026
(e)
7,250
7,244
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.30%
BNP
Paribas
SA
5.13%,
01/13/2029
(d),(e)
8,400
8,442
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.45%
Canadian
Imperial
Bank
of
Commerce
5.93%,
10/02/2026
6,900
7,088
5.99%,
10/03/2028
3,440
3,606
Citigroup
Inc
1.12%,
01/28/2027
(e)
19,600
18,101
Secured
Overnight
Financing
Rate
+
0.77%
4.00%,
08/05/2024
(f)
10,750
10,657
6.08%,
10/30/2024
9,600
9,615
Secured
Overnight
Financing
Rate
+
0.69%
Deutsche
Bank
AG/New
York
NY
0.90%,
05/28/2024
9,200
9,062
6.82%,
11/20/2029
(e)
5,100
5,359
Secured
Overnight
Financing
Rate
+
2.51%
Goldman
Sachs
Group
Inc/The
2.64%,
02/24/2028
(e)
8,600
8,012
Secured
Overnight
Financing
Rate
+
1.11%
4.48%,
08/23/2028
(e)
10,500
10,345
Secured
Overnight
Financing
Rate
+
1.73%
6.14%,
12/09/2026
14,700
14,637
Secured
Overnight
Financing
Rate
+
0.79%
HSBC
Holdings
PLC
2.63%,
11/07/2025
(e)
9,300
9,085
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.40%
JPMorgan
Chase
&
Co
1.04%,
02/04/2027
(e)
15,800
14,587
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.70%
1.05%,
11/19/2026
(e)
19,600
18,224
Secured
Overnight
Financing
Rate
+
0.80%
3.88%,
09/10/2024
5,249
5,198
4.45%,
12/05/2029
(e)
6,650
6,528
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.59%
KeyBank
NA/Cleveland
OH
5.85%,
11/15/2027
14,400
14,436
Schedule
of
Investments
Short-Term
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
232
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Morgan
Stanley
1.59%,
05/04/2027
(e)
$
10,750
$
9,955
Secured
Overnight
Financing
Rate
+
0.88%
2.48%,
01/21/2028
(e)
6,000
5,593
Secured
Overnight
Financing
Rate
+
1.00%
5.05%,
01/28/2027
(e)
10,000
10,029
Secured
Overnight
Financing
Rate
+
1.30%
5.17%,
01/16/2030
(e)
9,350
9,430
Secured
Overnight
Financing
Rate
+
1.45%
NatWest
Group
PLC
4.27%,
03/22/2025
(e)
9,750
9,726
3
Month
USD
LIBOR
+
1.76%
NatWest
Markets
PLC
0.80%,
08/12/2024
(d)
7,800
7,610
Royal
Bank
of
Canada
0.88%,
01/20/2026
14,700
13,665
Societe
Generale
SA
2.63%,
01/22/2025
(d)
9,700
9,432
6.99%,
01/19/2028
(d)
6,700
6,717
Secured
Overnight
Financing
Rate
+
1.66%
Toronto-Dominion
Bank/The
0.75%,
01/06/2026
(f)
14,700
13,646
Truist
Financial
Corp
1.27%,
03/02/2027
(e)
5,230
4,819
Secured
Overnight
Financing
Rate
+
0.61%
7.16%,
10/30/2029
(e)
10,000
10,800
Secured
Overnight
Financing
Rate
+
2.45%
UBS
Group
AG
2.59%,
09/11/2025
(d),(e)
15,600
15,312
Secured
Overnight
Financing
Rate
+
1.56%
3.87%,
01/12/2029
(d),(e)
15,000
14,231
3
Month
USD
LIBOR
+
1.41%
US
Bancorp
5.38%,
01/23/2030
(e)
3,675
3,719
Secured
Overnight
Financing
Rate
+
1.56%
Wells
Fargo
&
Co
2.16%,
02/11/2026
(e)
9,800
9,469
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.01%
2.19%,
04/30/2026
(e)
14,600
14,046
Secured
Overnight
Financing
Rate
+
2.00%
2.41%,
10/30/2025
(e),(f)
10,000
9,768
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.09%
$
453,885
Beverages
-
0
.59
%
Constellation
Brands
Inc
4.80%,
01/15/2029
2,000
2,009
Keurig
Dr
Pepper
Inc
0.75%,
03/15/2024
14,700
14,616
$
16,625
Biotechnology
-
0
.33
%
Amgen
Inc
5.15%,
03/02/2028
9,100
9,265
Building
Materials
-
0
.48
%
Martin
Marietta
Materials
Inc
4.25%,
07/02/2024
13,455
13,384
Chemicals
-
0
.80
%
Celanese
US
Holdings
LLC
3.50%,
05/08/2024
4,800
4,772
Nutrien
Ltd
5.90%,
11/07/2024
10,000
10,020
Westlake
Corp
3.60%,
08/15/2026
7,900
7,646
$
22,438
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Commercial
Mortgage
Backed
Securities
-
9
.40
%
Arbor
Multifamily
Mortgage
Securities
Trust
2022-MF4
3.27%,
02/15/2055
(d),(g)
$
7,000
$
6,702
BX
Commercial
Mortgage
Trust
2021-21M
6.18%,
10/15/2036
(d)
8,099
8,013
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.84%
BX
Commercial
Mortgage
Trust
2021-ACNT
6.30%,
11/15/2038
(d)
11,000
10,914
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.96%
BX
Commercial
Mortgage
Trust
2021-SOAR
6.12%,
06/15/2038
(d)
11,327
11,210
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.78%
BX
Commercial
Mortgage
Trust
2021-VOLT
6.15%,
09/15/2036
(d)
15,000
14,798
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.81%
BX
Commercial
Mortgage
Trust
2021-XL2
6.14%,
10/15/2038
(d)
15,639
15,434
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.80%
BX
Trust
2021-BXMF
6.08%,
10/15/2026
(d)
11,262
11,113
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.75%
BX
Trust
2021-LGCY
5.95%,
10/15/2036
(d)
20,000
19,637
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.62%
Cold
Storage
Trust
2020-ICE5
6.35%,
11/15/2037
(d)
19,070
19,011
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.01%
Credit
Suisse
Mortgage
Capital
Certificates
2019-ICE4
6.36%,
05/15/2036
(d)
14,208
14,199
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.03%
ELP
Commercial
Mortgage
Trust
2021-ELP
6.15%,
11/15/2038
(d)
14,983
14,777
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.82%
GS
Mortgage
Securities
Corp
II
4.47%,
09/10/2038
(d),(g)
2,350
2,293
JP
Morgan
Chase
Commercial
Mortgage
Securities
Trust
2021-MHC
6.25%,
04/15/2038
(d)
12,473
12,426
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.91%
Life
2021-BMR
Mortgage
Trust
6.15%,
03/15/2038
(d)
16,435
16,245
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.81%
Life
2022-BMR
Mortgage
Trust
6.63%,
05/15/2039
(d)
18,400
18,256
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.30%
MHC
Commercial
Mortgage
Trust
2021-MHC
6.25%,
04/15/2038
(d)
16,778
16,678
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.92%
MHC
Trust
2021-MHC2
6.30%,
05/15/2038
(d)
7,710
7,647
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.96%
Schedule
of
Investments
Short-Term
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
233
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Commercial
Mortgage
Backed
Securities
(continued)
MHP
2021-STOR
6.15%,
07/15/2038
(d)
$
8,800
$
8,698
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.81%
MHP
2022-MHIL
6.15%,
01/15/2027
(d)
13,446
13,261
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.81%
OPG
Trust
2021-PORT
5.93%,
10/15/2036
(d)
11,192
11,010
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.60%
SREIT
Trust
2021-MFP
6.18%,
11/15/2038
(d)
12,535
12,410
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.85%
$
264,732
Computers
-
0
.51
%
Apple
Inc
1.13%,
05/11/2025
15,000
14,363
Consumer
Products
-
0
.29
%
Avery
Dennison
Corp
0.85%,
08/15/2024
(f)
8,400
8,183
Diversified
Financial
Services
-
0
.46
%
AerCap
Ireland
Capital
DAC
/
AerCap
Global
Aviation
Trust
1.65%,
10/29/2024
3,583
3,479
6.45%,
04/15/2027
(d)
9,127
9,444
$
12,923
Electric
-
8
.50
%
AES
Corp/The
1.38%,
01/15/2026
(f)
14,600
13,541
Alliant
Energy
Finance
LLC
1.40%,
03/15/2026
(d)
4,600
4,207
5.95%,
03/30/2029
(d),(f)
3,800
3,952
American
Electric
Power
Co
Inc
2.03%,
03/15/2024
11,700
11,645
Black
Hills
Corp
1.04%,
08/23/2024
9,500
9,255
Consumers
Energy
Co
4.90%,
02/15/2029
8,200
8,334
Dominion
Energy
Inc
3.07%,
08/15/2024
(g)
9,800
9,655
DTE
Energy
Co
1.05%,
06/01/2025
4,400
4,166
2.53%,
10/01/2024
(g)
10,000
9,793
Duke
Energy
Corp
0.90%,
09/15/2025
9,750
9,143
Emera
US
Finance
LP
0.83%,
06/15/2024
8,500
8,332
Entergy
Louisiana
LLC
0.95%,
10/01/2024
5,500
5,350
Evergy
Inc
2.45%,
09/15/2024
9,300
9,123
Fortis
Inc/Canada
3.06%,
10/04/2026
14,594
13,886
NextEra
Energy
Capital
Holdings
Inc
4.90%,
02/28/2028
3,458
3,474
4.90%,
03/15/2029
(f)
10,000
10,021
5.75%,
09/01/2025
17,200
17,374
6.05%,
03/01/2025
3,700
3,731
PacifiCorp
5.10%,
02/15/2029
9,050
9,158
Public
Service
Enterprise
Group
Inc
0.80%,
08/15/2025
14,600
13,707
5.88%,
10/15/2028
8,000
8,362
Southern
Co/The
5.50%,
03/15/2029
10,300
10,654
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
Southwestern
Electric
Power
Co
1.65%,
03/15/2026
$
11,600
$
10,845
Tampa
Electric
Co
4.90%,
03/01/2029
(f)
2,340
2,365
Tucson
Electric
Power
Co
3.05%,
03/15/2025
4,400
4,300
Vistra
Operations
Co
LLC
3.70%,
01/30/2027
(d)
19,500
18,588
Xcel
Energy
Inc
1.75%,
03/15/2027
7,000
6,412
$
239,373
Entertainment
-
0
.32
%
Warnermedia
Holdings
Inc
3.76%,
03/15/2027
9,300
8,934
Food
-
0
.24
%
JBS
USA
LUX
SA
/
JBS
USA
Food
Co
/
JBS
USA
Finance
Inc
5.13%,
02/01/2028
6,900
6,829
Forest
Products
&
Paper
-
0
.34
%
Georgia-Pacific
LLC
1.75%,
09/30/2025
(d)
10,000
9,504
Gas
-
0
.59
%
NiSource
Inc
0.95%,
08/15/2025
(f)
14,600
13,718
5.25%,
03/30/2028
(f)
2,700
2,754
$
16,472
Healthcare
-
Services
-
1
.28
%
Centene
Corp
4.25%,
12/15/2027
16,750
16,102
HCA
Inc
5.25%,
06/15/2026
20,000
20,057
$
36,159
Home
Builders
-
0
.34
%
DR
Horton
Inc
2.50%,
10/15/2024
9,800
9,591
Home
Furnishings
-
0
.17
%
Panasonic
Holdings
Corp
2.68%,
07/19/2024
(d)
5,000
4,926
Insurance
-
2
.64
%
Athene
Global
Funding
1.72%,
01/07/2025
(d)
9,600
9,265
Guardian
Life
Global
Funding
0.88%,
12/10/2025
(d)
8,647
8,027
1.10%,
06/23/2025
(d)
17,525
16,636
Markel
Group
Inc
3.50%,
11/01/2027
4,719
4,495
MassMutual
Global
Funding
II
2.75%,
06/22/2024
(d)
13,000
12,864
New
York
Life
Global
Funding
2.00%,
01/22/2025
(d)
9,800
9,518
Northwestern
Mutual
Global
Funding
0.80%,
01/14/2026
(d)
14,500
13,432
$
74,237
Internet
-
0
.45
%
eBay
Inc
1.40%,
05/10/2026
13,530
12,540
Media
-
0
.34
%
Charter
Communications
Operating
LLC
/
Charter
Communications
Operating
Capital
4.91%,
07/23/2025
9,700
9,614
Mining
-
0
.50
%
Anglo
American
Capital
PLC
5.38%,
04/01/2025
(d)
9,600
9,569
Glencore
Funding
LLC
1.63%,
09/01/2025
(d)
4,750
4,504
$
14,073
Schedule
of
Investments
Short-Term
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
234
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Mortgage
Backed
Securities
-
3
.75
%
CHL
Mortgage
Pass-Through
Trust
2003-46
5.56%,
01/19/2034
(g)
$
117
$
109
Credit
Suisse
First
Boston
Mortgage
Securities
Corp
5.00%,
09/25/2019
3
2
GS
Mortgage-Backed
Securities
Corp
Trust
2021-PJ3
2.50%,
08/25/2051
(d),(g)
3,442
3,026
J.P.
Morgan
Mortgage
Trust
2023-8
6.00%,
02/25/2054
(d),(g)
9,121
9,186
JP
Morgan
Mortgage
Trust
2004-A3
5.39%,
07/25/2034
(g)
116
105
JP
Morgan
Mortgage
Trust
2004-S1
5.00%,
09/25/2034
72
67
JP
Morgan
Mortgage
Trust
2021-1
2.50%,
06/25/2051
(d),(g)
11,759
10,550
JP
Morgan
Mortgage
Trust
2023-10
6.00%,
05/25/2054
(d),(g)
1,427
1,428
Metlife
Securitization
Trust
2019-1
3.75%,
04/25/2058
(d),(g)
1,404
1,365
Morgan
Stanley
Residential
Mortgage
Loan
Trust
2020-1
2.50%,
12/25/2050
(d),(g)
4,721
4,198
Oceanview
Mortgage
Trust
2021-3
2.50%,
06/25/2051
(d),(g)
11,177
9,802
PHH
Mortgage
Trust
Series
2008-CIM1
7.72%,
06/25/2038
454
403
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.36%
PSMC
2021-3
Trust
2.50%,
08/25/2051
(d),(g)
10,393
9,188
Sequoia
Mortgage
Trust
2020-4
2.50%,
11/25/2050
(d),(g)
6,960
6,300
Sequoia
Mortgage
Trust
2021-3
2.50%,
05/25/2051
(d),(g)
18,076
15,886
Sequoia
Mortgage
Trust
2021-4
2.50%,
06/25/2051
(d),(g)
18,822
16,505
Sequoia
Mortgage
Trust
2024-1
6.00%,
01/25/2054
(d),(g)
7,000
7,016
Wells
Fargo
Mortgage
Backed
Securities
2020-2
Trust
3.00%,
12/25/2049
(d),(g)
247
244
Wells
Fargo
Mortgage
Backed
Securities
2020-3
Trust
3.00%,
06/25/2050
(d),(g)
535
514
Wells
Fargo
Mortgage
Backed
Securities
2020-4
Trust
3.00%,
07/25/2050
(d),(g)
4,701
4,028
Wells
Fargo
Mortgage
Backed
Securities
2020-5
Trust
2.50%,
09/25/2050
(d),(g)
4,527
4,083
Wells
Fargo
Mortgage
Backed
Securities
2021-1
Trust
2.50%,
12/25/2050
(d),(g)
1,881
1,662
$
105,667
Office
&
Business
Equipment
-
0
.37
%
CDW
LLC
/
CDW
Finance
Corp
2.67%,
12/01/2026
11,000
10,287
Oil
&
Gas
-
0
.74
%
Chevron
USA
Inc
0.69%,
08/12/2025
4,600
4,336
Exxon
Mobil
Corp
2.99%,
03/19/2025
9,800
9,611
Phillips
66
3.85%,
04/09/2025
(f)
6,850
6,749
$
20,696
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Other
Asset
Backed
Securities
-
17
.57
%
AMMC
CLO
15
Ltd
6.70%,
01/15/2032
(d)
$
15,950
$
15,958
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.38%
Bardot
CLO
Ltd
6.67%,
10/22/2032
(d)
14,250
14,199
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.35%
CCG
Receivables
Trust
2021-1
0.30%,
06/14/2027
(d)
1,992
1,972
CF
Hippolyta
Issuer
LLC
1.53%,
03/15/2061
(d)
30,064
27,067
1.69%,
07/15/2060
(d)
13,339
12,436
Dell
Equipment
Finance
Trust
2023-2
5.84%,
01/22/2029
(d)
7,200
7,215
Dewolf
Park
CLO
Ltd
6.50%,
10/15/2030
(d)
12,938
12,935
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.18%
DLLAA
2023-1
LLC
5.93%,
07/20/2026
(d)
6,900
6,928
DLLST
2024-1
LLC
5.33%,
01/20/2026
(d)
6,000
6,004
Fortress
Credit
Opportunities
XVII
CLO
Ltd
6.68%,
01/15/2030
(d)
3,760
3,748
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.37%
GreatAmerica
Leasing
Receivables
5.32%,
08/17/2026
(d)
9,400
9,400
John
Deere
Owner
Trust
2023-B
5.59%,
06/15/2026
9,600
9,601
JP
Morgan
Mortgage
Trust
2023-HE1
7.10%,
11/25/2053
(d)
2,764
2,777
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
1.75%
JP
Morgan
Mortgage
Trust
2023-HE2
7.05%,
03/25/2054
(d)
12,120
12,180
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
1.70%
JP
Morgan
Mortgage
Trust
2023-HE3
6.95%,
05/25/2054
(d)
9,180
9,215
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
1.60%
KKR
CLO
18
Ltd
6.50%,
07/18/2030
(d)
13,931
13,934
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.20%
KKR
Lending
Partners
III
Clo
LLC
6.96%,
10/20/2030
(d)
7,565
7,527
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.64%
7.13%,
10/20/2030
(d)
13,600
13,472
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.81%
Kubota
Credit
Owner
Trust
2023-1
5.40%,
02/17/2026
(d)
2,187
2,185
Kubota
Credit
Owner
Trust
2023-2
5.61%,
07/15/2026
(d)
13,750
13,782
Lake
Shore
MM
CLO
III
LLC
7.06%,
10/17/2031
(d)
18,234
18,144
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.74%
Madison
Park
Funding
XVIII
Ltd
6.52%,
10/21/2030
(d)
15,583
15,615
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.20%
Schedule
of
Investments
Short-Term
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
235
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Other
Asset
Backed
Securities
(continued)
Marathon
CLO
X
Ltd
6.64%,
11/15/2029
(d)
$
4,911
$
4,914
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.26%
Marathon
CLO
XIII
Ltd
6.90%,
04/15/2032
(d)
19,500
19,509
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.58%
MMAF
Equipment
Finance
LLC
2023-A
5.79%,
11/13/2026
(d)
10,850
10,895
MVW
2021-1W
LLC
1.14%,
01/22/2041
(d)
2,601
2,409
MVW
2023-2
LLC
6.18%,
11/20/2040
(d)
9,680
9,913
MVW
Owner
Trust
2018-1
3.45%,
01/21/2036
(d)
1,724
1,703
Oaktree
CLO
2019-4
Ltd
6.70%,
10/20/2032
(d)
20,000
20,016
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.38%
Oaktree
CLO
2024-25
Ltd
0.00%,
04/20/2037
(d),(h),(i)
6,300
6,300
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.55%
Palmer
Square
Loan
Funding
2022-1
Ltd
6.37%,
04/15/2030
(d)
7,551
7,549
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.05%
Parliament
Funding
II
ltd
6.83%,
10/20/2031
(d)
8,627
8,558
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.51%
PFS
Financing
Corp
0.71%,
04/15/2026
(d)
9,750
9,650
0.97%,
02/15/2026
(d)
17,650
17,615
2.47%,
02/15/2027
(d)
11,750
11,411
4.95%,
02/15/2029
(d),(h)
13,350
13,349
5.52%,
10/15/2028
(d)
4,500
4,553
Shackleton
2017-X
CLO
Ltd
6.47%,
04/20/2029
(d)
5,944
5,932
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.15%
Stratus
CLO
2021-2
Ltd
6.48%,
12/28/2029
(d)
5,584
5,576
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.16%
TCI-Flatiron
CLO
2016-1
Ltd
6.42%,
01/17/2032
(d)
7,052
7,034
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.10%
T-Mobile
US
Trust
2022-1
4.91%,
05/22/2028
(d)
7,000
6,989
Trafigura
Securitisation
Finance
PLC
2021-1
1.08%,
01/15/2025
(d)
24,000
23,243
Verizon
Master
Trust
4.49%,
01/22/2029
16,000
15,919
4.89%,
04/13/2028
10,000
9,977
5.16%,
06/20/2029
13,800
13,944
5.23%,
11/22/2027
12,950
12,940
Voya
2012-4
Ltd
6.58%,
10/15/2030
(d)
6,870
6,873
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.26%
VSE
2018-A
VOI
Mortgage
LLC
3.56%,
02/20/2036
(d)
1,559
1,532
$
494,597
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Packaging
&
Containers
-
0
.66
%
Graphic
Packaging
International
LLC
0.82%,
04/15/2024
(d)
$
9,700
$
9,594
1.51%,
04/15/2026
(d)
9,800
8,950
$
18,544
Pharmaceuticals
-
1
.04
%
AbbVie
Inc
2.60%,
11/21/2024
6,800
6,658
Cigna
Group/The
0.61%,
03/15/2024
7,850
7,805
1.25%,
03/15/2026
8,500
7,869
Pfizer
Investment
Enterprises
Pte
Ltd
4.65%,
05/19/2025
7,000
6,985
$
29,317
Pipelines
-
2
.32
%
Columbia
Pipelines
Holding
Co
LLC
6.04%,
08/15/2028
(d)
11,350
11,750
6.06%,
08/15/2026
(d)
3,450
3,528
Enbridge
Inc
5.90%,
11/15/2026
11,275
11,587
Energy
Transfer
LP
4.40%,
03/15/2027
5,250
5,154
5.55%,
02/15/2028
10,000
10,176
Kinder
Morgan
Inc
5.00%,
02/01/2029
(h)
10,000
10,026
ONEOK
Inc
5.55%,
11/01/2026
6,000
6,101
Williams
Cos
Inc/The
5.40%,
03/02/2026
7,000
7,072
$
65,394
REITs
-
3
.03
%
American
Tower
Trust
#1
3.65%,
03/15/2048
(d)
6,300
6,000
5.49%,
03/15/2028
(d)
10,500
10,642
Crown
Castle
Inc
1.35%,
07/15/2025
8,750
8,279
CubeSmart
LP
4.00%,
11/15/2025
3,275
3,204
Omega
Healthcare
Investors
Inc
4.50%,
01/15/2025
7,250
7,172
4.95%,
04/01/2024
4,750
4,741
SBA
Tower
Trust
1.63%,
05/15/2051
(d)
19,400
17,376
1.88%,
07/15/2050
(d)
6,463
6,009
2.33%,
07/15/2052
(d)
2,800
2,484
2.84%,
01/15/2050
(d)
10,325
9,997
Ventas
Realty
LP
3.50%,
04/15/2024
9,400
9,357
$
85,261
Semiconductors
-
0
.44
%
Micron
Technology
Inc
6.75%,
11/01/2029
6,675
7,207
NXP
BV
/
NXP
Funding
LLC
/
NXP
USA
Inc
2.70%,
05/01/2025
5,300
5,127
$
12,334
Software
-
0
.73
%
Roper
Technologies
Inc
1.00%,
09/15/2025
(f)
10,450
9,807
Take-Two
Interactive
Software
Inc
4.95%,
03/28/2028
10,700
10,780
$
20,587
Student
Loan
Asset
Backed
Securities
-
6
.15
%
Commonbond
Student
Loan
Trust
2018-BGS
3.56%,
09/25/2045
(d)
2,225
2,109
Commonbond
Student
Loan
Trust
2018-C-GS
3.87%,
02/25/2046
(d)
3,008
2,867
Commonbond
Student
Loan
Trust
2019-A-GS
2.54%,
01/25/2047
(d)
5,394
4,816
Schedule
of
Investments
Short-Term
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
236
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Student
Loan
Asset
Backed
Securities
(continued)
Commonbond
Student
Loan
Trust
2020-A-GS
1.98%,
08/25/2050
(d)
$
2,271
$
1,985
Commonbond
Student
Loan
Trust
2021-A-GS
1.20%,
03/25/2052
(d)
10,233
8,402
Commonbond
Student
Loan
Trust
2021-B-GS
1.17%,
09/25/2051
(d)
3,359
2,828
EDvestinU
Private
Education
Loan
Issue
No
3
LLC
1.80%,
11/25/2045
(d)
7,566
6,748
Laurel
Road
Prime
Student
Loan
Trust
2019-A
2.34%,
10/25/2048
(d)
271
264
Navient
Private
Education
Refi
Loan
Trust
2019-A
3.42%,
01/15/2043
(d)
853
828
Navient
Private
Education
Refi
Loan
Trust
2019-G
2.40%,
10/15/2068
(d)
3,373
3,179
Navient
Private
Education
Refi
Loan
Trust
2020-D
1.69%,
05/15/2069
(d)
4,482
4,103
Navient
Private
Education
Refi
Loan
Trust
2020-F
1.22%,
07/15/2069
(d)
2,924
2,662
Navient
Private
Education
Refi
Loan
Trust
2020-G
1.17%,
09/16/2069
(d)
3,168
2,865
Navient
Private
Education
Refi
Loan
Trust
2020-H
1.31%,
01/15/2069
(d)
4,372
4,014
Navient
Private
Education
Refi
Loan
Trust
2021-A
0.84%,
05/15/2069
(d)
4,062
3,587
Navient
Private
Education
Refi
Loan
Trust
2021-B
0.94%,
07/15/2069
(d)
8,731
7,652
Navient
Private
Education
Refi
Loan
Trust
2021-c
1.06%,
10/15/2069
(d)
8,204
7,193
Navient
Private
Education
Refi
Loan
Trust
2021-E
0.97%,
12/16/2069
(d)
11,720
10,174
Navient
Private
Education
Refi
Loan
Trust
2021-F
1.11%,
02/18/2070
(d)
4,957
4,231
Navient
Private
Education
Refi
Loan
Trust
2022-A
2.23%,
07/15/2070
(d)
4,486
3,965
Navient
Private
Education
Refi
Loan
Trust
2023-A
5.51%,
10/15/2071
(d)
2,743
2,751
Nelnet
Student
Loan
Trust
2021-A
1.36%,
04/20/2062
(d)
19,602
17,824
Nelnet
Student
Loan
Trust
2021-C
1.32%,
04/20/2062
(d)
6,705
6,063
Nelnet
Student
Loan
Trust
2021-D
1.63%,
04/20/2062
(d)
9,372
8,613
SLM
Private
Credit
Student
Loan
Trust
2004-A
6.05%,
06/15/2033
351
348
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.66%
SLM
Private
Credit
Student
Loan
Trust
2006-A
5.94%,
06/15/2039
11,386
11,017
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.55%
SLM
Private
Credit
Student
Loan
Trust
2006-B
5.85%,
12/15/2039
6,621
6,378
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.46%
SMB
Private
Education
Loan
Trust
2021-A
1.07%,
01/15/2053
(d)
6,897
6,114
SMB
Private
Education
Loan
Trust
2021-B
1.31%,
07/17/2051
(d)
11,465
10,367
SMB
Private
Education
Loan
Trust
2021-E
1.68%,
02/15/2051
(d)
11,125
10,117
SMB
Private
Education
Loan
Trust
2022-C
4.48%,
05/16/2050
(d)
9,203
8,963
$
173,027
Telecommunications
-
1
.54
%
AT&T
Inc
1.70%,
03/25/2026
9,400
8,808
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Telecommunications
(continued)
Crown
Castle
Towers
LLC
3.66%,
05/15/2045
(d)
$
4,187
$
4,099
4.24%,
07/15/2048
(d)
1,650
1,565
Sprint
Spectrum
Co
LLC
/
Sprint
Spectrum
Co
II
LLC
/
Sprint
Spectrum
Co
III
LLC
4.74%,
09/20/2029
(d)
12,830
12,733
5.15%,
03/20/2028
(d)
8,075
8,093
Verizon
Communications
Inc
1.45%,
03/20/2026
4,350
4,057
6.10%,
03/20/2026
(f)
4,102
4,120
Secured
Overnight
Financing
Rate
+
0.79%
$
43,475
Transportation
-
0
.74
%
Canadian
Pacific
Railway
Co
1.35%,
12/02/2024
11,000
10,638
Ryder
System
Inc
1.75%,
09/01/2026
11,000
10,167
$
20,805
Trucking
&
Leasing
-
0
.34
%
Penske
Truck
Leasing
Co
Lp
/
PTL
Finance
Corp
3.45%,
07/01/2024
(d)
9,800
9,705
TOTAL
BONDS
$
2,594,230
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
-
4
.23
%
Principal
Amount
(000's)
Value
(000's)
Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
-
0
.00
%
5.51%,
09/01/2035
$
18
$
19
1.00
x
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.25%
Federal
National
Mortgage
Association
(FNMA)
-
0
.00
%
4.12%,
01/01/2035
9
9
1.00
x
Refinitiv
USD
IBOR
Consumer
Cash
Fallback
12-Month
+
1.75%
4.89%,
07/01/2034
3
3
1.00
x
Refinitiv
USD
IBOR
Consumer
Cash
Fallback
12-Month
+
1.66%
5.31%,
02/01/2037
23
24
1.00
x
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.06%
5.73%,
02/01/2035
3
3
1.00
x
Refinitiv
USD
IBOR
Consumer
Cash
Fallback
6-Month
+
1.90%
5.81%,
08/01/2034
10
10
1.00
x
Refinitiv
USD
IBOR
Consumer
Cash
Fallback
12-Month
+
1.63%
5.83%,
07/01/2034
13
13
1.00
x
Refinitiv
USD
IBOR
Consumer
Cash
Fallback
12-Month
+
1.58%
5.92%,
10/01/2035
34
34
1.00
x
Refinitiv
USD
IBOR
Consumer
Cash
Fallback
12-Month
+
1.68%
6.02%,
12/01/2032
8
8
1.00
x
Refinitiv
USD
IBOR
Consumer
Cash
Fallback
12-Month
+
1.64%
6.41%,
11/01/2032
4
4
1.00
x
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.29%
$
108
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
-
0
.00
%
7.50%,
10/01/2029
2
1
U.S.
Treasury
-
4
.23
%
1.00%,
07/31/2028
17,925
15,802
1.25%,
11/30/2026
36,900
34,187
2.25%,
11/15/2027
47,150
44,382
Schedule
of
Investments
Short-Term
Income
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
237
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
U.S.
Treasury
(continued)
2.38%,
05/15/2027
$
25,950
$
24,681
$
119,052
TOTAL
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
$
119,180
Total
Investments
$
2,837,392
Other
Assets
and
Liabilities
- (0.80)%
(
22,577
)
TOTAL
NET
ASSETS
-
100.00%
$
2,814,815
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$8,834
or
0.31%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$1,393,333
or
49.50%
of
net
assets.
(e)
Rate
shown
is
as
of
period
end.
The
rate
may
be
a
variable
or
floating
rate
or
a
fixed
rate
which
may
convert
to
a
variable
or
floating
rate
in
the
future.
(f)
Security
or
a
portion
of
the
security
was
on
loan. At
the
end
of
the
period,
the
value
of
these
securities
totaled
$8,631
or
0.31%
of
net
assets.
(g)
Certain
variable
rate
securities
are
not
based
on
a
published
reference
rate
and
spread
but
are
determined
by
the
issuer
or
agent
and
are
based
on
current
market
conditions. These
securities
do
not
indicate
a
reference
rate
and
spread
in
their
description.
Rate
shown
is
the
rate
in
effect
as
of
period
end.
(h)
Security
purchased
on
a
when-issued
basis.
(i)
Non-income
producing
security
Portfolio
Summary
Sector
Percent
Asset
Backed
Securities
29
.98
%
Financial
22
.25
%
Mortgage
Securities
13
.15
%
Utilities
9
.09
%
Money
Market
Funds
4
.41
%
Government
4
.23
%
Consumer,
Non-cyclical
3
.91
%
Industrial
3
.35
%
Energy
3
.06
%
Communications
2
.33
%
Technology
2
.05
%
Basic
Materials
1
.64
%
Consumer,
Cyclical
1
.35
%
Other
Assets
and
Liabilities
(
0
.80
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
83,891
$
370,523
$
333,326
$
121,088
$
83,891
$
370,523
$
333,326
$
121,088
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
1,185
$
—
$
—
$
—
$
1,185
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
US
5
Year
Note;
March
2024
Long
2,159
$
234,015
$
4,550
Total
$
4,550
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
SmallCap
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
238
INVESTMENT
COMPANIES
-
1
.59
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
1
.59
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
5.21%
(a),(b)
4,209,240
$
4,209
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(a),(c)
15,894,630
15,895
$
20,104
TOTAL
INVESTMENT
COMPANIES
$
20,104
COMMON
STOCKS
-
99
.06
%
Shares
Held
Value
(000's)
Aerospace
&
Defense
-
0
.98
%
AAR
Corp
(d)
203,300
$
12,365
Agriculture
-
1
.14
%
Darling
Ingredients
Inc
(d)
248,000
10,738
Vital
Farms
Inc
(d)
252,900
3,637
$
14,375
Airlines
-
0
.26
%
Sun
Country
Airlines
Holdings
Inc
(d)
239,200
3,256
Apparel
-
0
.96
%
PVH
Corp
100,900
12,134
Automobile
Parts
&
Equipment
-
0
.70
%
Visteon
Corp
(d)
76,400
8,808
Banks
-
9
.01
%
Ameris
Bancorp
213,000
10,573
Bancorp
Inc/The
(d)
263,300
11,491
CVB
Financial
Corp
494,400
8,291
First
Merchants
Corp
198,200
6,701
FNB
Corp/PA
1,068,996
14,089
Independent
Bank
Corp
20,220
1,134
Independent
Bank
Corp/MI
144,000
3,663
Pinnacle
Financial
Partners
Inc
136,000
12,020
Popular
Inc
123,600
10,562
Trustmark
Corp
135,400
3,655
United
Community
Banks
Inc/GA
340,350
9,305
Webster
Financial
Corp
111,422
5,513
Wintrust
Financial
Corp
170,000
16,487
$
113,484
Biotechnology
-
5
.45
%
Bridgebio
Pharma
Inc
(d)
272,700
9,351
Cellectis
SA
ADR
(d)
345,733
1,037
Denali
Therapeutics
Inc
(d)
305,000
4,883
Immunocore
Holdings
PLC
ADR
(d)
128,500
9,289
ImmunoGen
Inc
(d)
329,700
9,667
Immunovant
Inc
(d)
113,252
4,124
Insmed
Inc
(d)
415,600
11,554
Intra-Cellular
Therapies
Inc
(d)
135,200
9,104
Iovance
Biotherapeutics
Inc
(d)
515,200
3,983
MacroGenics
Inc
(d)
212,600
3,040
Olink
Holding
AB
ADR
(d),(e)
105,976
2,594
$
68,626
Building
Materials
-
3
.98
%
Modine
Manufacturing
Co
(d)
282,500
19,518
Summit
Materials
Inc
(d)
356,100
12,884
Trex
Co
Inc
(d)
216,600
17,648
$
50,050
Chemicals
-
1
.16
%
Arcadium
Lithium
PLC
(d)
962,856
4,708
Koppers
Holdings
Inc
192,600
9,850
$
14,558
Commercial
Services
-
3
.66
%
AMN
Healthcare
Services
Inc
(d)
91,400
6,764
Cross
Country
Healthcare
Inc
(d)
296,280
6,296
Flywire
Corp
(d)
255,400
5,458
Huron
Consulting
Group
Inc
(d)
76,800
7,951
ICF
International
Inc
71,100
9,886
Progyny
Inc
(d)
253,600
9,660
$
46,015
Computers
-
4
.73
%
ExlService
Holdings
Inc
(d)
505,600
15,815
Parsons
Corp
(d)
216,754
14,121
Super
Micro
Computer
Inc
(d)
31,700
16,789
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Computers
(continued)
Varonis
Systems
Inc
(d)
286,700
$
12,867
$
59,592
Consumer
Products
-
0
.27
%
Central
Garden
&
Pet
Co
-
A
Shares
(d)
82,921
3,423
Distribution
&
Wholesale
-
1
.37
%
WESCO
International
Inc
99,600
17,283
Diversified
Financial
Services
-
2
.39
%
Encore
Capital
Group
Inc
(d)
123,100
6,165
Janus
Henderson
Group
PLC
168,500
4,846
Lazard
Inc
115,300
4,494
Moelis
&
Co
70,000
3,848
Stifel
Financial
Corp
146,500
10,687
$
30,040
Electric
-
1
.86
%
Brookfield
Renewable
Corp
327,800
9,152
Portland
General
Electric
Co
348,500
14,264
$
23,416
Electrical
Components
&
Equipment
-
1
.20
%
EnerSys
157,500
15,052
Electronics
-
3
.98
%
Advanced
Energy
Industries
Inc
119,200
12,418
Atkore
Inc
104,600
15,955
Mirion
Technologies
Inc
-
Warrants
(d)
179,475
293
TD
SYNNEX
Corp
104,277
10,426
Vishay
Intertechnology
Inc
507,800
11,034
$
50,126
Energy
-
Alternate
Sources
-
0
.31
%
Array
Technologies
Inc
(d)
296,400
3,924
Engineering
&
Construction
-
2
.43
%
Dycom
Industries
Inc
(d)
153,800
17,179
MYR
Group
Inc
(d)
93,500
13,450
$
30,629
Entertainment
-
3
.29
%
Caesars
Entertainment
Inc
(d)
196,200
8,607
Golden
Entertainment
Inc
298,700
11,464
TKO
Group
Holdings
Inc
138,900
11,625
Vail
Resorts
Inc
43,500
9,657
$
41,353
Food
-
1
.30
%
Performance
Food
Group
Co
(d)
224,518
16,318
Gas
-
1
.00
%
Southwest
Gas
Holdings
Inc
214,090
12,563
Hand
&
Machine
Tools
-
0
.68
%
Regal
Rexnord
Corp
64,500
8,608
Healthcare
-
Products
-
3
.08
%
Castle
Biosciences
Inc
(d)
403,100
9,304
Exact
Sciences
Corp
(d)
146,600
9,588
Natera
Inc
(d)
266,092
17,546
Nevro
Corp
(d)
141,500
2,343
$
38,781
Healthcare
-
Services
-
2
.03
%
Addus
HomeCare
Corp
(d)
122,600
10,617
LifeStance
Health
Group
Inc
(d),(e)
925,100
5,532
RadNet
Inc
(d)
253,300
9,365
$
25,514
Home
Builders
-
1
.61
%
Taylor
Morrison
Home
Corp
(d)
387,900
20,225
Insurance
-
3
.28
%
CNO
Financial
Group
Inc
308,466
8,384
Essent
Group
Ltd
151,400
8,351
Hanover
Insurance
Group
Inc/The
93,293
12,316
Lincoln
National
Corp
96,200
2,641
Primerica
Inc
41,100
9,624
$
41,316
Internet
-
0
.06
%
Lulu's
Fashion
Lounge
Holdings
Inc
(d)
395,700
799
Schedule
of
Investments
SmallCap
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
239
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Iron
&
Steel
-
1
.22
%
Commercial
Metals
Co
293,300
$
15,316
Leisure
Products
&
Services
-
0
.96
%
Life
Time
Group
Holdings
Inc
(d)
678,300
9,021
Lindblad
Expeditions
Holdings
Inc
(d)
330,200
3,051
$
12,072
Lodging
-
0
.00
%
Sonder
Holdings
Inc
(d),(e)
17,809
46
Machinery
-
Diversified
-
2
.01
%
Chart
Industries
Inc
(d)
109,800
12,816
Zurn
Elkay
Water
Solutions
Corp
421,700
12,503
$
25,319
Mining
-
0
.07
%
Piedmont
Lithium
Inc
(d)
56,500
863
Oil
&
Gas
-
4
.83
%
Chord
Energy
Corp
48,800
7,504
Civitas
Resources
Inc
212,400
13,766
Gulfport
Energy
Corp
(d)
106,400
13,502
Northern
Oil
&
Gas
Inc
218,700
7,326
Patterson-UTI
Energy
Inc
838,600
9,300
Valaris
Ltd
(d)
152,900
9,460
$
60,858
Oil
&
Gas
Services
-
0
.81
%
ChampionX
Corp
372,800
10,218
Packaging
&
Containers
-
1
.13
%
Graphic
Packaging
Holding
Co
559,100
14,263
Pharmaceuticals
-
2
.01
%
BellRing
Brands
Inc
(d)
70,100
3,874
Collegium
Pharmaceutical
Inc
(d)
356,900
11,763
Dexcom
Inc
(d)
79,700
9,672
$
25,309
REITs
-
6
.56
%
Agree
Realty
Corp
261,800
15,606
Cousins
Properties
Inc
443,701
10,165
First
Industrial
Realty
Trust
Inc
332,540
17,132
Ladder
Capital
Corp
538,300
5,884
Pebblebrook
Hotel
Trust
1,290,636
19,643
Rexford
Industrial
Realty
Inc
269,700
14,184
$
82,614
Retail
-
3
.98
%
BJ's
Wholesale
Club
Holdings
Inc
(d)
196,051
12,614
Bloomin'
Brands
Inc
466,100
12,408
Caleres
Inc
475,300
14,910
Portillo's
Inc
(d)
308,000
4,232
Sally
Beauty
Holdings
Inc
(d)
477,600
5,884
$
50,048
Semiconductors
-
2
.06
%
Allegro
MicroSystems
Inc
(d)
364,000
9,442
Entegris
Inc
92,940
10,939
SiTime
Corp
(d)
51,900
5,531
$
25,912
Software
-
8
.37
%
Aspen
Technology
Inc
(d)
24,416
4,688
Bentley
Systems
Inc
68,900
3,473
Concentrix
Corp
92,966
8,262
DigitalOcean
Holdings
Inc
(d)
199,900
6,741
DoubleVerify
Holdings
Inc
(d)
243,400
9,738
Duolingo
Inc
(d)
29,700
5,313
Jamf
Holding
Corp
(d)
201,300
3,732
Manhattan
Associates
Inc
(d)
67,200
16,300
Privia
Health
Group
Inc
(d)
555,693
11,203
Progress
Software
Corp
137,700
7,823
Sophia
Genetics
SA
(d)
216,600
994
Sprout
Social
Inc
(d)
177,100
10,861
Verra
Mobility
Corp
(d)
677,300
16,194
$
105,322
Telecommunications
-
0
.62
%
Credo
Technology
Group
Holding
Ltd
(d)
381,995
7,835
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Transportation
-
2
.26
%
Hub
Group
Inc
(d)
206,000
$
9,328
Teekay
Tankers
Ltd
186,100
11,640
World
Kinect
Corp
330,257
7,454
$
28,422
TOTAL
COMMON
STOCKS
$
1,247,050
Total
Investments
$
1,267,154
Other
Assets
and
Liabilities
- (0.65)%
(
8,236
)
TOTAL
NET
ASSETS
-
100.00%
$
1,258,918
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$4,209
or
0.33%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
Security
or
a
portion
of
the
security
was
on
loan. At
the
end
of
the
period,
the
value
of
these
securities
totaled
$4,015
or
0.32%
of
net
assets.
Portfolio
Summary
Sector
Percent
Financial
21
.24
%
Consumer,
Non-cyclical
18
.94
%
Industrial
18
.65
%
Technology
15
.16
%
Consumer,
Cyclical
13
.13
%
Energy
5
.95
%
Utilities
2
.86
%
Basic
Materials
2
.45
%
Money
Market
Funds
1
.59
%
Communications
0
.68
%
Other
Assets
and
Liabilities
(
0
.65
)
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
SmallCap
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
240
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
27,136
$
86,987
$
98,228
$
15,895
$
27,136
$
86,987
$
98,228
$
15,895
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
134
$
—
$
—
$
—
$
134
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
SmallCap
Growth
Fund
I
January
31,
2024
(unaudited)
See
accompanying
notes.
241
INVESTMENT
COMPANIES
-
5
.09
%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0
.81
%
iShares
Russell
2000
Growth
ETF
13,400
$
3,275
SPDR
S&P
Biotech
ETF
(a)
176,944
15,470
$
18,745
Money
Market
Funds
-
4
.28
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
5.21%
(b),(c)
7,120,103
7,120
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(b),(c),(d)
92,183,850
92,184
$
99,304
TOTAL
INVESTMENT
COMPANIES
$
118,049
COMMON
STOCKS
-
96
.20
%
Shares
Held
Value
(000's)
Advertising
-
0
.00
%
Boston
Omaha
Corp
(e)
171
$
3
Aerospace
&
Defense
-
2
.67
%
AAR
Corp
(e)
113,768
6,919
AeroVironment
Inc
(e)
67,823
8,182
Amprius
Technologies
Inc
(e)
636
3
Curtiss-Wright
Corp
83,047
18,484
Eve
Holding
Inc
(e)
2,276
14
Hexcel
Corp
117,553
7,804
Joby
Aviation
Inc
(a),(e)
11,792
64
Kratos
Defense
&
Security
Solutions
Inc
(e)
496,329
8,403
Leonardo
DRS
Inc
(e)
606,253
11,767
Moog
Inc
722
101
Redwire
Corp
(e)
873
3
Rocket
Lab
USA
Inc
(e)
35,065
170
$
61,914
Agriculture
-
0
.01
%
Dole
PLC
5,101
58
Ispire
Technology
Inc
(e)
2,524
28
Turning
Point
Brands
Inc
2,118
51
Vector
Group
Ltd
3,151
33
Vital
Farms
Inc
(e)
3,821
55
$
225
Airlines
-
0
.16
%
Allegiant
Travel
Co
204
16
Frontier
Group
Holdings
Inc
(a),(e)
5,497
26
Sun
Country
Airlines
Holdings
Inc
(e)
272,280
3,706
$
3,748
Apparel
-
0
.05
%
Hanesbrands
Inc
(e)
29,487
133
Kontoor
Brands
Inc
7,071
414
Oxford
Industries
Inc
1,407
134
Rocky
Brands
Inc
57
2
Steven
Madden
Ltd
9,438
395
Torrid
Holdings
Inc
(e)
1,481
8
Wolverine
World
Wide
Inc
8,889
74
$
1,160
Automobile
Manufacturers
-
0
.01
%
Blue
Bird
Corp
(e)
226
7
Fisker
Inc
(e)
27,994
23
Wabash
National
Corp
5,782
146
Workhorse
Group
Inc
(e)
989
—
$
176
Automobile
Parts
&
Equipment
-
0
.49
%
Commercial
Vehicle
Group
Inc
(e)
423
3
Cooper-Standard
Holdings
Inc
(e)
819
14
Dorman
Products
Inc
(e)
3,293
268
Douglas
Dynamics
Inc
2,812
71
Fox
Factory
Holding
Corp
(e)
5,356
338
Gentherm
Inc
(e)
4,109
198
indie
Semiconductor
Inc
(e)
781,209
4,741
Luminar
Technologies
Inc
(a),(e)
34,424
94
Miller
Industries
Inc/TN
88
4
SES
AI
Corp
(e)
1,345
2
Shyft
Group
Inc/The
4,253
46
Visteon
Corp
(e)
32,396
3,735
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Automobile
Parts
&
Equipment
(continued)
XPEL
Inc
(e)
34,364
$
1,836
$
11,350
Banks
-
0
.98
%
BancFirst
Corp
376
33
Bancorp
Inc/The
(e)
6,536
285
Bank
of
NT
Butterfield
&
Son
Ltd/The
429
13
Bank7
Corp
24
1
BayCom
Corp
130
3
Burke
&
Herbert
Financial
Services
Corp
58
3
Capital
City
Bank
Group
Inc
574
16
Citizens
Financial
Services
Inc
(a)
88
5
City
Holding
Co
159
16
Coastal
Financial
Corp/WA
(e)
1,316
53
Esquire
Financial
Holdings
Inc
751
37
First
BanCorp/Puerto
Rico
1,883
31
First
Financial
Bankshares
Inc
16,389
512
Five
Star
Bancorp
772
18
Lakeland
Financial
Corp
204
14
Metropolitan
Bank
Holding
Corp
(e)
103
5
MVB
Financial
Corp
118
3
NBT
Bancorp
Inc
503
18
Pathward
Financial
Inc
1,096
57
Plumas
Bancorp
85
3
Popular
Inc
38,700
3,307
Prosperity
Bancshares
Inc
280,877
17,951
ServisFirst
Bancshares
Inc
2,166
145
Stellar
Bancorp
Inc
306
8
Stock
Yards
Bancorp
Inc
2,965
147
Third
Coast
Bancshares
Inc
(e)
114
2
Westamerica
BanCorp
954
46
$
22,732
Beverages
-
0
.27
%
BRC
Inc
(a),(e)
4,537
17
Celsius
Holdings
Inc
(e)
91,875
4,584
Coca-Cola
Consolidated
Inc
601
518
Duckhorn
Portfolio
Inc/The
(e)
1,072
9
MGP
Ingredients
Inc
1,978
168
National
Beverage
Corp
(e)
2,958
137
Primo
Water
Corp
2,734
40
Vita
Coco
Co
Inc/The
(e)
3,577
70
Westrock
Coffee
Co
(e)
3,559
37
Zevia
PBC
(e)
334,069
568
$
6,148
Biotechnology
-
9
.27
%
4D
Molecular
Therapeutics
Inc
(e)
315
5
89bio
Inc
(e)
8,033
80
ACADIA
Pharmaceuticals
Inc
(e)
442,573
11,467
Actinium
Pharmaceuticals
Inc
(a),(e)
3,685
20
ADMA
Biologics
Inc
(e)
14,131
73
Aerovate
Therapeutics
Inc
(e)
1,604
31
Agenus
Inc
(e)
8,840
6
Akero
Therapeutics
Inc
(e)
161,494
3,490
Aldeyra
Therapeutics
Inc
(e)
6,641
21
Alpine
Immune
Sciences
Inc
(e)
2,163
58
Amicus
Therapeutics
Inc
(e)
35,706
444
AnaptysBio
Inc
(e)
1,915
45
Anavex
Life
Sciences
Corp
(a),(e)
9,069
54
ANI
Pharmaceuticals
Inc
(e)
1,381
77
Apogee
Therapeutics
Inc
(a),(e)
1,175
39
Arbutus
Biopharma
Corp
(e)
11,237
27
Arcellx
Inc
(e)
4,805
297
Arcturus
Therapeutics
Holdings
Inc
(e)
249
8
Arcus
Biosciences
Inc
(e)
2,156
33
Arcutis
Biotherapeutics
Inc
(a),(e)
9,944
58
Ardelyx
Inc
(e)
18,966
166
Arrowhead
Pharmaceuticals
Inc
(e)
14,603
469
ARS
Pharmaceuticals
Inc
(e)
634
4
Astria
Therapeutics
Inc
(e)
3,653
48
Atara
Biotherapeutics
Inc
(e)
1,123
1
Schedule
of
Investments
SmallCap
Growth
Fund
I
January
31,
2024
(unaudited)
See
accompanying
notes.
242
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Biotechnology
(continued)
Aurinia
Pharmaceuticals
Inc
(e)
17,112
$
129
Avid
Bioservices
Inc
(e)
7,833
53
Axsome
Therapeutics
Inc
(e)
4,465
402
Beam
Therapeutics
Inc
(e)
8,220
201
BioCryst
Pharmaceuticals
Inc
(e)
18,063
96
Biomea
Fusion
Inc
(a),(e)
2,503
45
BioVie
Inc
(e)
428
—
Blueprint
Medicines
Corp
(e)
299,280
23,802
Bridgebio
Pharma
Inc
(e)
387,454
13,287
Cabaletta
Bio
Inc
(a),(e)
3,801
78
Cartesian
Therapeutics
Inc
(e)
3,555
3
Cartesian
Therapeutics
Inc
-
Contingent
Value
Rights
(e),(f)
3,555
1
Cassava
Sciences
Inc
(a),(e)
4,999
120
Celldex
Therapeutics
Inc
(e)
1,507
53
Cerevel
Therapeutics
Holdings
Inc
(e)
8,771
367
CG
oncology
Inc
(e)
120,053
4,473
Chinook
Therapeutics
Inc
-
Contingent
Value
Rights
(e),(f)
1,785
1
Cogent
Biosciences
Inc
(e)
6,219
28
Compass
Therapeutics
Inc
(e)
1,090
1
Crinetics
Pharmaceuticals
Inc
(e)
1,353
49
Cue
Biopharma
Inc
(e)
4,525
12
Cymabay
Therapeutics
Inc
(e)
320,507
7,535
Cytek
Biosciences
Inc
(e)
15,235
115
Cytokinetics
Inc
(e)
139,189
10,875
Day
One
Biopharmaceuticals
Inc
(e)
7,147
108
Deciphera
Pharmaceuticals
Inc
(e)
288,106
4,125
Denali
Therapeutics
Inc
(e)
14,835
237
Disc
Medicine
Inc
(e)
59,854
3,935
Dynavax
Technologies
Corp
(e)
13,735
177
Dyne
Therapeutics
Inc
(e)
1,616
35
Evolus
Inc
(e)
5,206
66
EyePoint
Pharmaceuticals
Inc
(e)
1,808
49
Genelux
Corp
(a),(e)
584
6
Geron
Corp
(e)
48,666
90
Guardant
Health
Inc
(e)
123,999
2,719
Halozyme
Therapeutics
Inc
(e)
205,751
6,965
Harvard
Bioscience
Inc
(e)
5,780
25
HilleVax
Inc
(e)
782
11
Humacyte
Inc
(e)
7,624
25
Ideaya
Biosciences
Inc
(e)
4,856
211
ImmunityBio
Inc
(a),(e)
13,648
46
ImmunoGen
Inc
(e)
117,231
3,437
Immunovant
Inc
(e)
89,946
3,275
Inhibrx
Inc
(e)
2,834
109
Innoviva
Inc
(e)
721
12
Insmed
Inc
(e)
501,137
13,932
Intellia
Therapeutics
Inc
(e)
115,203
2,744
Intra-Cellular
Therapies
Inc
(e)
240,283
16,180
Janux
Therapeutics
Inc
(e)
16
—
Karuna
Therapeutics
Inc
(e)
35,514
11,131
Karyopharm
Therapeutics
Inc
(e)
14,239
11
Keros
Therapeutics
Inc
(e)
2,803
155
Krystal
Biotech
Inc
(e)
2,714
302
Kymera
Therapeutics
Inc
(e)
4,775
157
Legend
Biotech
Corp
ADR
(e)
79,252
4,364
Lexicon
Pharmaceuticals
Inc
(a),(e)
5,114
10
Ligand
Pharmaceuticals
Inc
(e)
355
26
Lineage
Cell
Therapeutics
Inc
(e)
18,916
18
Liquidia
Corp
(e)
4,198
54
MacroGenics
Inc
(e)
2,304
33
MeiraGTx
Holdings
plc
(e)
3,422
21
Merrimack
Pharmaceuticals
Inc
(e)
1,492
20
Mersana
Therapeutics
Inc
(e)
8,505
27
Mineralys
Therapeutics
Inc
(a),(e)
474
5
MoonLake
Immunotherapeutics
(a),(e)
66,300
3,705
Mural
Oncology
PLC
(e)
2,086
9
NeoGenomics
Inc
(e)
1,561,826
23,193
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Biotechnology
(continued)
Neumora
Therapeutics
Inc
(a),(e)
851
$
13
Novavax
Inc
(a),(e)
9,775
39
Nuvalent
Inc
(e)
3,324
250
Omega
Therapeutics
Inc
(a),(e)
3,065
11
Omeros
Corp
(a),(e)
3,861
12
OmniAb
Operations
Inc
(e)
95
—
OmniAb
Operations
Inc
(e)
95
—
Oncternal
Therapeutics
Inc
(e),(f)
139
—
Organogenesis
Holdings
Inc
(e)
975
3
PDS
Biotechnology
Corp
(a),(e)
3,986
21
PepGen
Inc
(e)
346
3
Phathom
Pharmaceuticals
Inc
(e)
1,066
7
Pliant
Therapeutics
Inc
(a),(e)
7,127
128
Prime
Medicine
Inc
(a),(e)
4,961
31
ProKidney
Corp
(e)
1,283
2
Prothena
Corp
PLC
(e)
5,289
150
PTC
Therapeutics
Inc
(e)
7,292
190
RAPT
Therapeutics
Inc
(e)
2,791
69
RayzeBio
Inc
(e)
1,132
70
Replimune
Group
Inc
(e)
153,139
1,188
REVOLUTION
Medicines
Inc
(e)
13,381
371
Rigel
Pharmaceuticals
Inc
(e)
19,961
23
Rocket
Pharmaceuticals
Inc
(e)
6,955
200
Sage
Therapeutics
Inc
(e)
6,242
160
Sana
Biotechnology
Inc
(e)
816
4
Savara
Inc
(e)
894
4
Scilex
Holding
Co
(e)
1,010
2
SpringWorks
Therapeutics
Inc
(e)
8,424
372
Syndax
Pharmaceuticals
Inc
(e)
6,923
142
Tela
Bio
Inc
(e)
2,035
14
Terns
Pharmaceuticals
Inc
(e)
4,033
21
TG
Therapeutics
Inc
(e)
17,343
282
Tobira
Therapeutics
Inc
-
Rights
(e),(f)
1,559
—
Travere
Therapeutics
Inc
(e)
470,308
4,200
Turnstone
Biologics
Corp
(e)
322
1
Tyra
Biosciences
Inc
(a),(e)
618
8
Ultragenyx
Pharmaceutical
Inc
(e)
221,397
9,766
UroGen
Pharma
Ltd
(e)
2,778
44
Vaxxinity
Inc
(e)
7,178
5
Ventyx
Biosciences
Inc
(e)
5,884
12
Vera
Therapeutics
Inc
(e)
2,049
75
Vericel
Corp
(e)
6,002
258
Viking
Therapeutics
Inc
(e)
262,885
6,346
Vir
Biotechnology
Inc
(e)
35,963
338
Viridian
Therapeutics
Inc
(e)
222,205
4,277
X4
Pharmaceuticals
Inc
(e)
7,568
6
Xencor
Inc
(e)
3,950
74
Xenon
Pharmaceuticals
Inc
(e)
114,452
5,175
Zentalis
Pharmaceuticals
Inc
(e)
7,278
86
$
214,960
Building
Materials
-
1
.84
%
AAON
Inc
8,534
599
American
Woodmark
Corp
(e)
133
12
Apogee
Enterprises
Inc
1,085
57
AZEK
Co
Inc/The
(e)
472,424
18,217
Gibraltar
Industries
Inc
(e)
2,144
173
Griffon
Corp
3,135
183
LSI
Industries
Inc
2,658
36
Masonite
International
Corp
(e)
2,795
257
Modine
Manufacturing
Co
(e)
4,134
286
PGT
Innovations
Inc
(e)
7,136
294
Simpson
Manufacturing
Co
Inc
5,390
976
SPX
Technologies
Inc
(e)
151,440
15,241
Summit
Materials
Inc
(e)
174,000
6,295
UFP
Industries
Inc
1,140
129
$
42,755
Schedule
of
Investments
SmallCap
Growth
Fund
I
January
31,
2024
(unaudited)
See
accompanying
notes.
243
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Chemicals
-
1
.72
%
American
Vanguard
Corp
574
$
6
Arcadium
Lithium
PLC
(a),(e)
128,790
630
Balchem
Corp
4,024
564
Cabot
Corp
6,970
502
Codexis
Inc
(e)
996
3
Ecovyst
Inc
(e)
2,837
26
Element
Solutions
Inc
434,422
9,657
Hawkins
Inc
2,405
160
HB
Fuller
Co
187,581
14,213
Ingevity
Corp
(e)
4,585
200
Innospec
Inc
2,762
321
Lightwave
Logic
Inc
(e)
14,526
63
Oil-Dri
Corp
of
America
162
10
Orion
SA
6,955
156
Quaker
Chemical
Corp
67,711
12,861
Rogers
Corp
(e)
1,587
183
Sensient
Technologies
Corp
5,287
328
Stepan
Co
354
32
$
39,915
Coal
-
0
.00
%
Alpha
Metallurgical
Resources
Inc
99
39
Commercial
Services
-
5
.94
%
2U
Inc
(e)
671
1
AirSculpt
Technologies
Inc
(a),(e)
1,427
10
Alarm.com
Holdings
Inc
(e)
6,023
366
Alta
Equipment
Group
Inc
2,887
31
AMN
Healthcare
Services
Inc
(e)
4,782
354
API
Group
Corp
(e)
17,675
557
Arlo
Technologies
Inc
(e)
9,945
88
Barrett
Business
Services
Inc
763
86
Bright
Horizons
Family
Solutions
Inc
(e)
250,830
24,644
Brink's
Co/The
5,802
469
Cadiz
Inc
(e)
5,100
14
Carriage
Services
Inc
1,673
41
Cass
Information
Systems
Inc
1,471
63
CBIZ
Inc
(e)
6,026
384
Chegg
Inc
(e)
12,360
122
Cimpress
PLC
(e)
1,265
95
Cipher
Mining
Inc
(a),(e)
321
1
Cleanspark
Inc
(a),(e)
2,520
20
CompoSecure
Inc
(e)
1,844
9
CorVel
Corp
(e)
1,096
258
Coursera
Inc
(e)
16,367
313
CPI
Card
Group
Inc
(e)
537
10
CRA
International
Inc
838
90
Cross
Country
Healthcare
Inc
(e)
690
15
Custom
Truck
One
Source
Inc
(e)
7,153
47
Distribution
Solutions
Group
Inc
(e)
1,111
35
European
Wax
Center
Inc
(e)
280,065
4,157
EVERTEC
Inc
8,186
329
First
Advantage
Corp
340,836
5,580
FiscalNote
Holdings
Inc
(e)
1,495
2
Flywire
Corp
(e)
413,287
8,832
Forrester
Research
Inc
(e)
1,464
37
Franklin
Covey
Co
(e)
1,434
58
FTI
Consulting
Inc
(e)
93,035
17,826
Hackett
Group
Inc/The
2,864
66
Healthcare
Services
Group
Inc
(e)
8,930
84
Herc
Holdings
Inc
51,208
7,553
HireQuest
Inc
675
9
Huron
Consulting
Group
Inc
(e)
2,395
248
I3
Verticals
Inc
(e)
2,803
52
ICF
International
Inc
2,350
327
Information
Services
Group
Inc
2,388
10
Insperity
Inc
4,462
512
Kforce
Inc
2,408
165
Laureate
Education
Inc
13,961
176
Legalzoom.com
Inc
(e)
14,884
153
Marathon
Digital
Holdings
Inc
(a),(e)
26,767
475
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Commercial
Services
(continued)
Marqeta
Inc
(e)
7,973
$
48
Matthews
International
Corp
978
32
Medifast
Inc
1,334
73
Mister
Car
Wash
Inc
(a),(e)
1,564,747
12,987
National
Research
Corp
1,773
70
Payoneer
Global
Inc
(e)
33,333
156
Performant
Financial
Corp
(e)
7,180
20
Priority
Technology
Holdings
Inc
(e)
2,273
8
PROG
Holdings
Inc
(e)
1,070
33
Progyny
Inc
(e)
9,975
380
Remitly
Global
Inc
(e)
16,724
287
Rent
the
Runway
Inc
(e)
346
—
Rentokil
Initial
PLC
ADR
352,831
9,191
Riot
Platforms
Inc
(e)
16,681
182
Sabre
Corp
(e)
10,399
43
Shift4
Payments
Inc
(e)
260,088
18,677
SoundThinking
Inc
(e)
1,366
28
SP
Plus
Corp
(e)
2,431
126
Sterling
Check
Corp
(a),(e)
189
3
StoneCo
Ltd
(e)
22,233
382
Stride
Inc
(e)
5,339
320
Target
Hospitality
Corp
(e)
3,914
38
Transcat
Inc
(e)
1,015
112
TriNet
Group
Inc
(e)
57,943
6,588
Udemy
Inc
(e)
11,037
150
Universal
Technical
Institute
Inc
(e)
718
10
Upbound
Group
Inc
6,521
216
Viad
Corp
(e)
2,529
84
WEX
Inc
(e)
61,481
12,566
ZipRecruiter
Inc
(e)
8,507
118
$
137,702
Computers
-
2
.26
%
ASGN
Inc
(e)
1,565
145
Cantaloupe
Inc
(e)
4,874
33
Corsair
Gaming
Inc
(e)
4,640
59
Cricut
Inc
6,025
32
ExlService
Holdings
Inc
(e)
20,328
636
Grid
Dynamics
Holdings
Inc
(e)
5,627
73
Insight
Enterprises
Inc
(e)
3,612
667
Integral
Ad
Science
Holding
Corp
(e)
5,974
87
Maximus
Inc
7,661
622
Mitek
Systems
Inc
(e)
5,061
64
NextNav
Inc
(e)
7,313
30
OneSpan
Inc
(e)
4,648
48
PAR
Technology
Corp
(e)
263
12
Parsons
Corp
(e)
2,342
153
PlayAGS
Inc
(e)
4,631
40
Presto
Automation
Inc
(e)
556
—
Qualys
Inc
(e)
4,670
883
Rapid7
Inc
(e)
109,089
6,003
Rimini
Street
Inc
(e)
7,457
24
Super
Micro
Computer
Inc
(e)
34,970
18,521
Tenable
Holdings
Inc
(e)
248,020
11,682
Thoughtworks
Holding
Inc
(e)
11,687
55
TTEC
Holdings
Inc
2,409
49
Varonis
Systems
Inc
(e)
277,544
12,456
Velo3D
Inc
(e)
12,508
4
$
52,378
Consumer
Products
-
0
.02
%
Bright
Green
Corp
(e)
7,126
2
WD-40
Co
1,708
442
$
444
Cosmetics
&
Personal
Care
-
0
.06
%
Beauty
Health
Co/The
(e)
10,289
30
elf
Beauty
Inc
(e)
6,788
1,083
Inter
Parfums
Inc
2,302
320
$
1,433
Schedule
of
Investments
SmallCap
Growth
Fund
I
January
31,
2024
(unaudited)
See
accompanying
notes.
244
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Distribution
&
Wholesale
-
0
.63
%
EVI
Industries
Inc
499
$
12
Global
Industrial
Co
1,280
55
H&E
Equipment
Services
Inc
4,035
217
Hudson
Technologies
Inc
(e)
893
11
MRC
Global
Inc
(e)
3,588
38
SiteOne
Landscape
Supply
Inc
(e)
92,247
14,257
ThredUp
Inc
(e)
1,185
2
$
14,592
Diversified
Financial
Services
-
2
.87
%
AlTi
Global
Inc
(e)
3,068
19
Artisan
Partners
Asset
Management
Inc
5,597
235
AssetMark
Financial
Holdings
Inc
(e)
2,738
84
Atlanticus
Holdings
Corp
(e)
34
1
B
Riley
Financial
Inc
(a)
2,552
60
BGC
Group
Inc
21,467
152
Bit
Digital
Inc
(a),(e)
1,377
4
Brightsphere
Investment
Group
Inc
1,594
35
Brookfield
Business
Corp
3,247
75
Cohen
&
Steers
Inc
3,251
229
Columbia
Financial
Inc
(e)
1,532
28
Diamond
Hill
Investment
Group
Inc
333
53
Federal
Agricultural
Mortgage
Corp
191
36
FTAI
Aviation
Ltd
246,784
13,314
GCM
Grosvenor
Inc
4,647
40
Hamilton
Lane
Inc
2,716
315
Hannon
Armstrong
Sustainable
Infrastructure
Capital
Inc
1,012
24
Houlihan
Lokey
Inc
175,849
21,063
International
Money
Express
Inc
(e)
4,024
83
LendingTree
Inc
(e)
32,661
1,056
Moelis
&
Co
133,292
7,327
NerdWallet
Inc
(e)
4,141
63
OppFi
Inc
(e)
142
—
Pagseguro
Digital
Ltd
(e)
15,213
196
Paysign
Inc
(e)
4,105
13
PennyMac
Financial
Services
Inc
227
20
Perella
Weinberg
Partners
5,282
62
Piper
Sandler
Cos
1,791
311
PJT
Partners
Inc
2,984
287
Regional
Management
Corp
127
3
Silvercrest
Asset
Management
Group
Inc
1,345
22
StepStone
Group
Inc
323,850
10,833
Stifel
Financial
Corp
134,943
9,844
StoneX
Group
Inc
(e)
416
27
Upstart
Holdings
Inc
(a),(e)
9,190
292
Victory
Capital
Holdings
Inc
3,031
102
Virtus
Investment
Partners
Inc
125
29
WisdomTree
Inc
17,452
118
World
Acceptance
Corp
(e)
34
4
$
66,459
Electric
-
0
.09
%
Ameresco
Inc
(e)
66,520
1,359
FTC
Solar
Inc
(e)
6,635
3
Genie
Energy
Ltd
1,384
26
MGE
Energy
Inc
2,306
149
Ormat
Technologies
Inc
4,304
278
Otter
Tail
Corp
2,752
249
PNM
Resources
Inc
1,085
39
Unitil
Corp
652
31
$
2,134
Electrical
Components
&
Equipment
-
1
.32
%
Belden
Inc
3,288
244
Blink
Charging
Co
(a),(e)
4,678
11
Energizer
Holdings
Inc
8,979
284
EnerSys
4,823
461
Littelfuse
Inc
33,479
8,099
Novanta
Inc
(e)
67,241
10,391
Universal
Display
Corp
65,516
11,123
$
30,613
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Electronics
-
1
.38
%
Advanced
Energy
Industries
Inc
4,722
$
492
Akoustis
Technologies
Inc
(e)
8,165
5
Allient
Inc
1,570
44
Atkore
Inc
4,755
725
Atmus
Filtration
Technologies
Inc
(e)
1,444
32
Badger
Meter
Inc
3,702
533
Bel
Fuse
Inc
97
7
Charge
Enterprises
Inc
(e)
21,733
3
Coherent
Corp
(e)
65,182
3,099
CTS
Corp
3,883
159
Enovix
Corp
(a),(e)
17,416
162
ESCO
Technologies
Inc
1,845
188
Evolv
Technologies
Holdings
Inc
(a),(e)
2,640
12
FARO
Technologies
Inc
(e)
185
4
Itron
Inc
(e)
533
38
Kimball
Electronics
Inc
(e)
809
19
Mesa
Laboratories
Inc
639
59
MicroVision
Inc
(a),(e)
23,704
56
Napco
Security
Technologies
Inc
(a)
66,904
2,325
NEXTracker
Inc
(e)
321,298
14,545
NVE
Corp
534
43
OSI
Systems
Inc
(e)
2,025
259
Plexus
Corp
(e)
3,057
290
Sanmina
Corp
(e)
418
25
SKYX
Platforms
Corp
(e)
7,882
12
Stoneridge
Inc
(e)
620
11
Vicor
Corp
(e)
2,764
104
Woodward
Inc
63,703
8,776
$
32,027
Energy
-
Alternate
Sources
-
0
.04
%
Array
Technologies
Inc
(e)
19,053
252
Enviva
Inc
4,401
2
Eos
Energy
Enterprises
Inc
(a),(e)
12,179
14
Fluence
Energy
Inc
(e)
7,357
146
Green
Plains
Inc
(e)
1,450
30
Maxeon
Solar
Technologies
Ltd
(a),(e)
2,809
13
Montauk
Renewables
Inc
(e)
8,424
58
REX
American
Resources
Corp
(e)
563
23
Shoals
Technologies
Group
Inc
(e)
21,578
284
Sunnova
Energy
International
Inc
(a),(e)
6,465
68
SunPower
Corp
(a),(e)
11,045
34
TPI
Composites
Inc
(a),(e)
5,905
16
$
940
Engineering
&
Construction
-
1
.73
%
Bowman
Consulting
Group
Ltd
(e)
1,369
43
Comfort
Systems
USA
Inc
69,235
15,056
Concrete
Pumping
Holdings
Inc
(e)
1,874
15
Construction
Partners
Inc
(e)
5,055
230
Dycom
Industries
Inc
(e)
3,606
403
Exponent
Inc
52,561
4,636
Fluor
Corp
(e)
16,692
629
Frontdoor
Inc
(e)
10,191
334
Granite
Construction
Inc
753
34
IES
Holdings
Inc
(e)
1,014
83
INNOVATE
Corp
(e)
1,438
1
Iteris
Inc
(e)
2,906
14
Limbach
Holdings
Inc
(e)
209
9
MYR
Group
Inc
(e)
2,059
296
NV5
Global
Inc
(e)
84,933
8,908
Primoris
Services
Corp
429
14
Southland
Holdings
Inc
(e)
22
—
Sterling
Infrastructure
Inc
(e)
3,277
246
TopBuild
Corp
(e)
25,047
9,246
$
40,197
Entertainment
-
0
.91
%
Accel
Entertainment
Inc
(e)
6,704
69
Atlanta
Braves
Holdings
Inc
-
A
shares
(a),(e)
1,220
53
Atlanta
Braves
Holdings
Inc
-
C
shares
(e)
5,681
229
Bally's
Corp
(e)
2,299
26
Schedule
of
Investments
SmallCap
Growth
Fund
I
January
31,
2024
(unaudited)
See
accompanying
notes.
245
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Entertainment
(continued)
Churchill
Downs
Inc
134,108
$
16,223
Cinemark
Holdings
Inc
(e)
11,551
160
Everi
Holdings
Inc
(e)
6,673
69
Golden
Entertainment
Inc
2,514
97
IMAX
Corp
(e)
5,653
79
International
Game
Technology
PLC
13,646
354
Light
&
Wonder
Inc
(e)
32,055
2,577
Lions
Gate
Entertainment
Corp
-
A
shares
(e)
4,980
52
Lions
Gate
Entertainment
Corp
-
B
shares
(e)
10,288
100
Loop
Media
Inc
(e)
4,306
3
Madison
Square
Garden
Entertainment
Corp
(e)
4,257
142
Monarch
Casino
&
Resort
Inc
1,694
117
RCI
Hospitality
Holdings
Inc
1,099
68
Red
Rock
Resorts
Inc
3,209
175
Rush
Street
Interactive
Inc
(e)
8,114
42
SeaWorld
Entertainment
Inc
(e)
4,341
214
Six
Flags
Entertainment
Corp
(e)
7,232
182
Super
Group
SGHC
Ltd
(e)
17,283
54
$
21,085
Environmental
Control
-
2
.47
%
374Water
Inc
(a),(e)
7,758
9
Casella
Waste
Systems
Inc
(e)
148,736
12,693
Energy
Recovery
Inc
(e)
7,030
109
LanzaTech
Global
Inc
(a),(e)
2,594
11
Montrose
Environmental
Group
Inc
(e)
207,786
6,070
Pure
Cycle
Corp
(e)
2,788
27
PureCycle
Technologies
Inc
(a),(e)
3,158
12
Tetra
Tech
Inc
62,269
9,850
Waste
Connections
Inc
182,761
28,376
$
57,157
Food
-
1
.67
%
Beyond
Meat
Inc
(a),(e)
7,484
49
Calavo
Growers
Inc
2,143
56
Cal-Maine
Foods
Inc
4,821
267
Chefs'
Warehouse
Inc/The
(e)
357,963
11,391
Fresh
Market
Inc
-
Escrow
(e),(f)
9,211
—
Grocery
Outlet
Holding
Corp
(e)
282,440
6,999
J
&
J
Snack
Foods
Corp
1,885
300
John
B
Sanfilippo
&
Son
Inc
1,112
119
Krispy
Kreme
Inc
3,503
47
Lancaster
Colony
Corp
2,449
450
Mission
Produce
Inc
(e)
841
8
Nathan's
Famous
Inc
363
26
Simply
Good
Foods
Co/The
(e)
376,989
14,250
Sprouts
Farmers
Market
Inc
(e)
12,806
645
SunOpta
Inc
(e)
10,862
65
TreeHouse
Foods
Inc
(e)
784
33
Utz
Brands
Inc
230,115
4,073
$
38,778
Food
Service
-
0
.01
%
Sovos
Brands
Inc
(e)
6,933
153
Forest
Products
&
Paper
-
0
.01
%
Sylvamo
Corp
4,493
209
Gas
-
0
.02
%
Brookfield
Infrastructure
Corp
1,574
55
Chesapeake
Utilities
Corp
1,709
173
New
Jersey
Resources
Corp
6,365
260
RGC
Resources
Inc
117
2
$
490
Hand
&
Machine
Tools
-
0
.58
%
Cadre
Holdings
Inc
2,410
82
Enerpac
Tool
Group
Corp
6,855
214
Franklin
Electric
Co
Inc
5,803
547
MSA
Safety
Inc
76,365
12,602
$
13,445
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Healthcare
-
Products
-
7
.86
%
Accuray
Inc
(e)
11,247
$
29
Adaptive
Biotechnologies
Corp
(e)
10,524
39
Akoya
Biosciences
Inc
(e)
2,915
15
Alphatec
Holdings
Inc
(e)
209,270
3,367
Artivion
Inc
(e)
754
13
AtriCure
Inc
(e)
375,428
12,787
Atrion
Corp
172
58
Avita
Medical
Inc
(e)
3,147
53
Axogen
Inc
(e)
5,098
49
Axonics
Inc
(e)
6,237
423
BioLife
Solutions
Inc
(e)
3,981
68
Bio-Techne
Corp
88,676
6,236
Bruker
Corp
183,970
13,156
Castle
Biosciences
Inc
(e)
1,363
31
Cerus
Corp
(e)
22,284
40
ClearPoint
Neuro
Inc
(e)
3,071
21
CONMED
Corp
3,838
367
Cutera
Inc
(a),(e)
248
1
CVRx
Inc
(a),(e)
120,374
3,024
Embecta
Corp
778
13
Establishment
Labs
Holdings
Inc
(a),(e)
259,986
10,009
Glaukos
Corp
(e)
5,947
529
Haemonetics
Corp
(e)
13,565
1,037
Inari
Medical
Inc
(e)
353,725
20,145
InfuSystem
Holdings
Inc
(e)
2,443
23
Inmode
Ltd
(e)
9,708
230
iRadimed
Corp
(a)
907
38
iRhythm
Technologies
Inc
(e)
99,034
11,862
KORU
Medical
Systems
Inc
(e)
4,223
9
Lantheus
Holdings
Inc
(e)
9,987
519
LeMaitre
Vascular
Inc
2,452
142
LivaNova
PLC
(e)
136,221
6,631
MaxCyte
Inc
(e)
725
4
Merit
Medical
Systems
Inc
(e)
110,296
8,636
NanoString
Technologies
Inc
(e)
7,297
3
Natera
Inc
(e)
190,967
12,592
Nevro
Corp
(e)
1,726
29
Omnicell
Inc
(e)
2,774
89
Orchestra
BioMed
Holdings
Inc
(e)
1,832
13
Orthofix
Medical
Inc
(e)
217,896
3,027
OrthoPediatrics
Corp
(e)
188,480
4,923
Pacific
Biosciences
of
California
Inc
(e)
17,436
113
Paragon
28
Inc
(e)
5,488
70
Patterson
Cos
Inc
2,277
68
PROCEPT
BioRobotics
Corp
(e)
264,567
12,249
Pulmonx
Corp
(e)
4,604
61
Pulse
Biosciences
Inc
(e)
490
4
Quanterix
Corp
(e)
384,518
8,494
Repligen
Corp
(e)
47,201
8,940
RxSight
Inc
(e)
3,558
162
Sanara
Medtech
Inc
(e)
550
19
Semler
Scientific
Inc
(e)
655
29
SI-BONE
Inc
(e)
471,117
9,522
Silk
Road
Medical
Inc
(e)
4,818
73
Soleno
Therapeutics
Inc
(e)
70,696
3,277
STAAR
Surgical
Co
(e)
6,111
171
Surmodics
Inc
(e)
1,688
59
Tactile
Systems
Technology
Inc
(e)
2,911
44
TransMedics
Group
Inc
(e)
149,074
12,786
Treace
Medical
Concepts
Inc
(e)
417,042
5,622
UFP
Technologies
Inc
(e)
887
149
Utah
Medical
Products
Inc
407
32
Vicarious
Surgical
Inc
(e)
3,909
2
Zynex
Inc
(a),(e)
2,599
31
$
182,257
Healthcare
-
Services
-
2
.31
%
Accolade
Inc
(e)
661,695
7,491
Addus
HomeCare
Corp
(e)
912
79
Agiliti
Inc
(e)
3,694
26
Schedule
of
Investments
SmallCap
Growth
Fund
I
January
31,
2024
(unaudited)
See
accompanying
notes.
246
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Healthcare
-
Services
(continued)
agilon
health
Inc
(e)
288,756
$
1,701
Apollo
Medical
Holdings
Inc
(e)
5,391
187
Aveanna
Healthcare
Holdings
Inc
(e)
1,679
4
BrightSpring
Health
Services
Inc
(a),(e)
412,739
4,548
Cano
Health
Inc
(a),(e)
21
—
DocGo
Inc
(e)
324,749
1,201
Encompass
Health
Corp
179,167
12,728
Ensign
Group
Inc/The
6,860
777
HealthEquity
Inc
(e)
193,431
14,619
Innovage
Holding
Corp
(e)
2,379
13
Invitae
Corp
(a),(e)
32,386
13
Joint
Corp/The
(e)
2,027
20
LifeStance
Health
Group
Inc
(a),(e)
511,142
3,057
ModivCare
Inc
(e)
1,565
62
Nano-X
Imaging
Ltd
(a),(e)
581
3
Oscar
Health
Inc
(e)
1,527
19
P3
Health
Partners
Inc
(a),(e)
5,015
6
Pennant
Group
Inc/The
(e)
3,573
54
Quipt
Home
Medical
Corp
(e)
5,155
24
RadNet
Inc
(e)
164,649
6,087
Select
Medical
Holdings
Corp
13,052
339
Surgery
Partners
Inc
(e)
8,620
265
US
Physical
Therapy
Inc
1,855
171
Viemed
Healthcare
Inc
(e)
4,308
35
$
53,529
Home
Builders
-
1
.07
%
Cavco
Industries
Inc
(e)
1,100
365
Dream
Finders
Homes
Inc
(e)
1,224
40
Green
Brick
Partners
Inc
(e)
1,038
54
Installed
Building
Products
Inc
22,752
4,433
LCI
Industries
1,158
129
LGI
Homes
Inc
(e)
224
27
Meritage
Homes
Corp
60,070
9,948
Skyline
Champion
Corp
(e)
144,422
9,890
$
24,886
Home
Furnishings
-
0
.71
%
Arhaus
Inc
(e)
391,931
4,582
iRobot
Corp
(a),(e)
3,099
42
Lovesac
Co/The
(e)
1,795
41
SharkNinja
Inc
183,329
8,565
Sleep
Number
Corp
(e)
1,617
17
Sonos
Inc
(e)
15,981
249
Vizio
Holding
Corp
(e)
432,889
3,030
$
16,526
Insurance
-
2
.02
%
AMERISAFE
Inc
1,260
63
BRP
Group
Inc
(e)
257,544
5,779
Crawford
&
Co
2,064
25
eHealth
Inc
(e)
1,175
8
F&G
Annuities
&
Life
Inc
131
6
Fidelis
Insurance
Holdings
Ltd
(e)
462
6
Goosehead
Insurance
Inc
(e)
2,710
209
Hamilton
Insurance
Group
Ltd
(e)
249,667
3,767
HCI
Group
Inc
809
73
Investors
Title
Co
26
4
Kingsway
Financial
Services
Inc
(e)
1,371
12
Kinsale
Capital
Group
Inc
21,568
8,575
Lemonade
Inc
(e)
1,204
19
NMI
Holdings
Inc
(e)
923
29
Palomar
Holdings
Inc
(e)
131,186
7,854
RLI
Corp
68,971
9,406
Ryan
Specialty
Holdings
Inc
(e)
59,740
2,588
Selective
Insurance
Group
Inc
7,564
793
SiriusPoint
Ltd
(e)
834
10
Skyward
Specialty
Insurance
Group
Inc
(e)
241,436
7,509
Tiptree
Inc
827
16
Trupanion
Inc
(a),(e)
4,979
135
Universal
Insurance
Holdings
Inc
667
11
$
46,897
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Internet
-
2
.33
%
Cargurus
Inc
(e)
12,304
$
286
CarParts.com
Inc
(e)
7,763
21
Cars.com
Inc
(e)
8,408
146
Cogent
Communications
Holdings
Inc
205,134
15,836
Couchbase
Inc
(e)
4,357
109
Entravision
Communications
Corp
7,569
30
ePlus
Inc
(e)
189
14
Eventbrite
Inc
(e)
8,838
74
EverQuote
Inc
(e)
2,487
31
Figs
Inc
(e)
14,309
82
Gambling.com
Group
Ltd
(e)
2,180
20
Grindr
Inc
(e)
5,142
45
HealthStream
Inc
1,240
33
Hims
&
Hers
Health
Inc
(e)
15,367
132
Liquidity
Services
Inc
(e)
1,705
30
Magnite
Inc
(e)
7,165
63
MediaAlpha
Inc
(e)
2,349
30
Mondee
Holdings
Inc
(a),(e)
4,904
11
Nerdy
Inc
(e)
8,923
27
Nextdoor
Holdings
Inc
(e)
12,390
19
Open
Lending
Corp
(e)
11,609
85
Opendoor
Technologies
Inc
(e)
3,706
13
OptimizeRx
Corp
(e)
2,033
29
Perficient
Inc
(e)
41,456
2,825
Pinterest
Inc
(e)
487,099
18,252
Q2
Holdings
Inc
(e)
152,374
6,484
QuinStreet
Inc
(e)
6,551
83
Revolve
Group
Inc
(e)
5,163
74
Rover
Group
Inc
(e)
11,480
126
Shutterstock
Inc
3,080
145
Solo
Brands
Inc
(a),(e)
1,823
5
Sprinklr
Inc
(e)
13,266
166
Squarespace
Inc
(e)
1,914
59
Stitch
Fix
Inc
(e)
5,823
19
TechTarget
Inc
(e)
3,186
109
Tucows
Inc
(e)
502
12
Upwork
Inc
(e)
15,624
214
Vivid
Seats
Inc
(e)
1,024
6
Wayfair
Inc
(e)
157,000
7,889
Yelp
Inc
(e)
8,364
366
Ziff
Davis
Inc
(e)
1,323
89
$
54,089
Investment
Companies
-
0
.13
%
Trinity
Capital
Inc
218,256
3,027
Iron
&
Steel
-
0
.81
%
ATI
Inc
(e)
176,899
7,230
Carpenter
Technology
Corp
188,701
11,622
$
18,852
Leisure
Products
&
Services
-
0
.58
%
Acushnet
Holdings
Corp
3,867
245
Bowlero
Corp
(a)
2,052
22
Camping
World
Holdings
Inc
5,260
131
Clarus
Corp
541,420
3,206
Dragonfly
Energy
Holdings
Corp
(e)
3,096
1
Escalade
Inc
50
1
Global
Business
Travel
Group
I
(a),(e)
4,631
27
Life
Time
Group
Holdings
Inc
(e)
500,454
6,656
Lindblad
Expeditions
Holdings
Inc
(e)
233
2
Livewire
Group
Inc
(e)
2,738
27
Malibu
Boats
Inc
(e)
1,578
66
Marine
Products
Corp
(a)
1,058
11
MasterCraft
Boat
Holdings
Inc
(e)
2,135
41
OneSpaWorld
Holdings
Ltd
(e)
208,734
2,845
Virgin
Galactic
Holdings
Inc
(a),(e)
23,176
41
Xponential
Fitness
Inc
(e)
2,704
30
$
13,352
Schedule
of
Investments
SmallCap
Growth
Fund
I
January
31,
2024
(unaudited)
See
accompanying
notes.
247
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Lodging
-
0
.46
%
Century
Casinos
Inc
(e)
2,981
$
11
Full
House
Resorts
Inc
(e)
4,055
19
Hilton
Grand
Vacations
Inc
(e)
256,093
10,679
$
10,709
Machinery
-
Construction
&
Mining
-
0
.03
%
Babcock
&
Wilcox
Enterprises
Inc
(e)
650
1
Bloom
Energy
Corp
(a),(e)
24,249
274
Hyster-Yale
Materials
Handling
Inc
1,382
91
NuScale
Power
Corp
(a),(e)
7,745
22
Terex
Corp
4,843
298
Transphorm
Inc
(e)
3,693
18
$
704
Machinery
-
Diversified
-
2
.18
%
Alamo
Group
Inc
1,269
269
Albany
International
Corp
3,418
304
Applied
Industrial
Technologies
Inc
4,856
857
Cactus
Inc
239,612
10,168
Chart
Industries
Inc
(e)
71,665
8,365
CSW
Industrials
Inc
1,938
410
Esab
Corp
114,884
9,879
Gorman-Rupp
Co/The
721
24
GrafTech
International
Ltd
15,600
21
IDEX
Corp
21,366
4,519
Kadant
Inc
1,470
420
Lindsay
Corp
1,380
180
Mueller
Water
Products
Inc
-
Class
A
383,230
5,254
Tennant
Co
1,211
114
Thermon
Group
Holdings
Inc
(e)
485
16
Watts
Water
Technologies
Inc
3,432
680
Zurn
Elkay
Water
Solutions
Corp
305,139
9,048
$
50,528
Media
-
0
.00
%
EW
Scripps
Co/The
(e)
3,525
28
GCI
Liberty
Inc
-
Escrow
(e),(f)
157,046
—
Gray
Television
Inc
649
6
Sinclair
Inc
662
10
Townsquare
Media
Inc
1,469
16
Value
Line
Inc
81
4
$
64
Metal
Fabrication
&
Hardware
-
0
.39
%
Helios
Technologies
Inc
4,155
171
Janus
International
Group
Inc
(e)
10,683
151
Mayville
Engineering
Co
Inc
(e)
181
2
Mueller
Industries
Inc
6,113
293
Omega
Flex
Inc
412
29
Ryerson
Holding
Corp
260
9
Standex
International
Corp
1,202
178
Valmont
Industries
Inc
36,562
8,252
Xometry
Inc
(e)
484
16
$
9,101
Mining
-
0
.04
%
5E
Advanced
Materials
Inc
(e)
5,356
8
Century
Aluminum
Co
(e)
6,636
74
Compass
Minerals
International
Inc
4,301
97
Constellium
SE
(e)
10,000
188
Contango
ORE
Inc
(e)
460
8
Dakota
Gold
Corp
(e)
4,760
10
Energy
Fuels
Inc/Canada
(a),(e)
17,123
129
Hecla
Mining
Co
15,992
61
i-80
Gold
Corp
(e)
1,486
2
Ivanhoe
Electric
Inc
/
US
(e)
7,928
66
Kaiser
Aluminum
Corp
1,902
123
NioCorp
Developments
Ltd
(e)
502
2
Novagold
Resources
Inc
(e)
30,590
78
Perpetua
Resources
Corp
(e)
4,750
14
Piedmont
Lithium
Inc
(e)
866
13
United
States
Lime
&
Minerals
Inc
260
67
$
940
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Miscellaneous
Manufacturers
-
1
.88
%
Core
Molding
Technologies
Inc
(e)
65
$
1
Enpro
Inc
29,499
4,407
Fabrinet
(e)
90,250
19,269
Federal
Signal
Corp
7,545
581
Hillenbrand
Inc
8,800
410
ITT
Inc
92,252
11,142
John
Bean
Technologies
Corp
74,066
7,315
Materion
Corp
2,583
302
Myers
Industries
Inc
4,591
86
Sight
Sciences
Inc
(a),(e)
2,717
11
Sturm
Ruger
&
Co
Inc
1,997
87
Trinity
Industries
Inc
1,820
46
$
43,657
Office
&
Business
Equipment
-
0
.00
%
Pitney
Bowes
Inc
22,073
91
Office
Furnishings
-
0
.00
%
HNI
Corp
623
25
Oil
&
Gas
-
1
.24
%
Borr
Drilling
Ltd
(a)
27,674
170
Crescent
Energy
Co
3,782
42
CVR
Energy
Inc
3,392
114
Empire
Petroleum
Corp
(e)
1,934
13
Evolution
Petroleum
Corp
4,425
25
HighPeak
Energy
Inc
(a)
1,269
17
Kosmos
Energy
Ltd
(e)
57,550
349
Magnolia
Oil
&
Gas
Corp
21,115
435
Matador
Resources
Co
41,599
2,283
Nabors
Industries
Ltd
(e)
1,025
87
Noble
Corp
PLC
11,727
518
Northern
Oil
&
Gas
Inc
142,240
4,765
Par
Pacific
Holdings
Inc
(e)
2,645
97
Patterson-UTI
Energy
Inc
2,926
32
Permian
Resources
Corp
453,712
6,116
Riley
Exploration
Permian
Inc
1,261
28
SilverBow
Resources
Inc
(e)
324
9
Sitio
Royalties
Corp
4,470
95
Southwestern
Energy
Co
(e)
907,040
5,850
Tellurian
Inc
(e)
3,658
2
VAALCO
Energy
Inc
1,458
6
Valaris
Ltd
(e)
60,430
3,739
Vertex
Energy
Inc
(e)
9,320
14
W&T
Offshore
Inc
12,435
38
Weatherford
International
PLC
(e)
42,912
3,843
$
28,687
Oil
&
Gas
Services
-
1
.69
%
Archrock
Inc
3,114
51
Aris
Water
Solutions
Inc
244
2
Atlas
Energy
Solutions
Inc
376
7
ChampionX
Corp
940,020
25,766
Core
Laboratories
Inc
1,873
30
DMC
Global
Inc
(e)
762
13
Expro
Group
Holdings
NV
(e)
4,145
73
KLX
Energy
Services
Holdings
Inc
(e)
146
1
Kodiak
Gas
Services
Inc
640
15
Liberty
Energy
Inc
1,404
29
Oceaneering
International
Inc
(e)
12,620
262
ProFrac
Holding
Corp
(e)
738
6
Solaris
Oilfield
Infrastructure
Inc
289
2
TechnipFMC
PLC
319,658
6,182
TETRA
Technologies
Inc
(e)
529,328
2,218
Tidewater
Inc
(e)
67,075
4,507
$
39,164
Packaging
&
Containers
-
0
.01
%
Karat
Packaging
Inc
919
22
O-I
Glass
Inc
(e)
16,641
242
$
264
Schedule
of
Investments
SmallCap
Growth
Fund
I
January
31,
2024
(unaudited)
See
accompanying
notes.
248
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Pharmaceuticals
-
3
.28
%
ACELYRIN
Inc
(e)
1,896
$
14
Aclaris
Therapeutics
Inc
(e)
8,732
10
AdaptHealth
Corp
(e)
6,176
45
Alector
Inc
(a),(e)
8,013
48
Alkermes
PLC
(e)
20,847
564
Amphastar
Pharmaceuticals
Inc
(e)
4,825
257
Amylyx
Pharmaceuticals
Inc
(e)
248,974
3,983
Arvinas
Inc
(e)
25,183
1,045
Ascendis
Pharma
A/S
ADR
(e)
84,715
11,007
BellRing
Brands
Inc
(e)
166,299
9,191
Beyond
Air
Inc
(e)
3,760
6
Biote
Corp
(e)
764
3
Bioxcel
Therapeutics
Inc
(a),(e)
2,494
8
Catalyst
Pharmaceuticals
Inc
(e)
12,601
181
Citius
Pharmaceuticals
Inc
(e)
1,968
1
Coherus
Biosciences
Inc
(a),(e)
11,644
25
Collegium
Pharmaceutical
Inc
(e)
155,762
5,134
Corcept
Therapeutics
Inc
(e)
10,061
212
CorMedix
Inc
(a),(e)
7,272
21
Enanta
Pharmaceuticals
Inc
(e)
236
3
Eyenovia
Inc
(e)
3,287
6
Fennec
Pharmaceuticals
Inc
(a),(e)
551
6
Foghorn
Therapeutics
Inc
(a),(e)
3,290
11
Harmony
Biosciences
Holdings
Inc
(e)
4,039
127
Harrow
Inc
(a),(e)
3,858
37
Herbalife
Ltd
(e)
9,159
110
Heron
Therapeutics
Inc
(a),(e)
12,265
30
Immuneering
Corp
(e)
2,151
13
Ironwood
Pharmaceuticals
Inc
(e)
139,940
1,986
Longboard
Pharmaceuticals
Inc
(e)
677
14
Madrigal
Pharmaceuticals
Inc
(a),(e)
54,034
11,709
MannKind
Corp
(e)
193,660
647
Marinus
Pharmaceuticals
Inc
(e)
6,394
62
Mirum
Pharmaceuticals
Inc
(e)
3,060
81
Morphic
Holding
Inc
(e)
4,071
129
Neurocrine
Biosciences
Inc
(e)
119,210
16,662
Nuvectis
Pharma
Inc
(e)
915
7
Ocular
Therapeutix
Inc
(e)
10,047
49
Optinose
Inc
(e)
9,167
12
Option
Care
Health
Inc
(e)
21,073
658
Outlook
Therapeutics
Inc
(e)
19,336
8
Pacira
BioSciences
Inc
(e)
5,737
187
PetIQ
Inc
(e)
2,844
51
Phibro
Animal
Health
Corp
722
8
Protagonist
Therapeutics
Inc
(e)
4,459
112
Reneo
Pharmaceuticals
Inc
(e)
1,066
2
Revance
Therapeutics
Inc
(e)
10,983
55
Rhythm
Pharmaceuticals
Inc
(e)
6,475
286
Sagimet
Biosciences
Inc
(e)
270
3
scPharmaceuticals
Inc
(a),(e)
4,117
20
Seres
Therapeutics
Inc
(e)
10,480
12
SIGA
Technologies
Inc
5,793
28
Summit
Therapeutics
Inc
(e)
14,548
57
Supernus
Pharmaceuticals
Inc
(e)
6,195
172
USANA
Health
Sciences
Inc
(e)
1,429
67
Vaxcyte
Inc
(e)
151,982
10,854
Verrica
Pharmaceuticals
Inc
(a),(e)
2,976
17
Voyager
Therapeutics
Inc
(e)
4,274
31
Xeris
Biopharma
Holdings
Inc
(e)
16,699
41
Y-mAbs
Therapeutics
Inc
(e)
2,165
28
$
76,153
Pipelines
-
0
.01
%
Equitrans
Midstream
Corp
15,998
163
Excelerate
Energy
Inc
1,777
27
Golar
LNG
Ltd
912
20
Kinetik
Holdings
Inc
238
8
NextDecade
Corp
(e)
9,799
50
$
268
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Private
Equity
-
0
.01
%
P10
Inc
5,411
$
50
Patria
Investments
Ltd
6,863
98
$
148
Real
Estate
-
0
.05
%
Anywhere
Real
Estate
Inc
(e)
1,246
9
Compass
Inc
(e)
30,665
105
eXp
World
Holdings
Inc
(a)
8,929
111
Marcus
&
Millichap
Inc
1,134
43
Maui
Land
&
Pineapple
Co
Inc
(e)
894
18
McGrath
RentCorp
3,107
390
Redfin
Corp
(e)
13,738
112
RMR
Group
Inc/The
1,343
35
St
Joe
Co/The
4,325
239
$
1,062
REITs
-
0
.99
%
Alexander's
Inc
271
60
CareTrust
REIT
Inc
1,313
27
CBL
&
Associates
Properties
Inc
2,512
59
Clipper
Realty
Inc
1,243
6
Community
Healthcare
Trust
Inc
2,225
57
EastGroup
Properties
Inc
72,509
12,865
Essential
Properties
Realty
Trust
Inc
2,099
52
Four
Corners
Property
Trust
Inc
1,241
29
Gladstone
Commercial
Corp
880
11
National
Health
Investors
Inc
583
31
NexPoint
Residential
Trust
Inc
841
26
Outfront
Media
Inc
8,717
113
Phillips
Edison
&
Co
Inc
2,494
87
Ryman
Hospitality
Properties
Inc
49,622
5,453
Saul
Centers
Inc
1,304
50
Tanger
Inc
6,030
162
Terreno
Realty
Corp
61,452
3,671
UMH
Properties
Inc
1,295
20
Universal
Health
Realty
Income
Trust
1,578
63
$
22,842
Retail
-
6
.29
%
Abercrombie
&
Fitch
Co
(e)
3,182
324
Academy
Sports
&
Outdoors
Inc
9,085
570
American
Eagle
Outfitters
Inc
5,173
103
Arko
Corp
10,207
80
Beacon
Roofing
Supply
Inc
(e)
789
65
BJ's
Restaurants
Inc
(e)
165,096
5,714
Bloomin'
Brands
Inc
10,997
293
Boot
Barn
Holdings
Inc
(e)
130,145
9,336
Brinker
International
Inc
(e)
5,074
217
Buckle
Inc/The
3,828
142
Build-A-Bear
Workshop
Inc
1,467
33
Carvana
Co
(e)
5,265
227
Casey's
General
Stores
Inc
62,180
16,873
Cava
Group
Inc
(a),(e)
189,668
8,876
Cheesecake
Factory
Inc/The
6,116
210
Chuy's
Holdings
Inc
(e)
104,816
3,544
Cracker
Barrel
Old
Country
Store
Inc
(a)
2,749
213
Dave
&
Buster's
Entertainment
Inc
(e)
4,547
243
Denny's
Corp
(e)
4,987
53
Dillard's
Inc
437
169
Dine
Brands
Global
Inc
1,727
81
Duluth
Holdings
Inc
(e)
100
—
Envela
Corp
(e)
898
4
EVgo
Inc
(a),(e)
1,614
4
First
Watch
Restaurant
Group
Inc
(e)
145,730
3,127
FirstCash
Holdings
Inc
4,730
543
Five
Below
Inc
(e)
52,360
9,397
Freshpet
Inc
(a),(e)
275,626
23,731
GMS
Inc
(e)
1,630
137
Guess?
Inc
405
9
Hibbett
Inc
1,275
85
Jack
in
the
Box
Inc
74,176
5,784
Kura
Sushi
USA
Inc
(e)
718
70
Schedule
of
Investments
SmallCap
Growth
Fund
I
January
31,
2024
(unaudited)
See
accompanying
notes.
249
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Retail
(continued)
Leslie's
Inc
(e)
1,922
$
13
Lithia
Motors
Inc
34,980
10,314
National
Vision
Holdings
Inc
(e)
250,912
4,770
Noodles
&
Co
(e)
5,049
13
Ollie's
Bargain
Outlet
Holdings
Inc
(e)
46,888
3,373
ONE
Group
Hospitality
Inc/The
(e)
2,761
12
Papa
John's
International
Inc
3,220
237
Patrick
Industries
Inc
332
33
Portillo's
Inc
(e)
270,459
3,716
Potbelly
Corp
(e)
3,270
41
PriceSmart
Inc
2,217
169
Qurate
Retail
Inc
(e)
319
2
Red
Robin
Gourmet
Burgers
Inc
(e)
2,262
23
Sally
Beauty
Holdings
Inc
(e)
12,718
157
Savers
Value
Village
Inc
(e)
685,974
12,821
Shake
Shack
Inc
(e)
4,741
358
Sweetgreen
Inc
(e)
9,850
105
Texas
Roadhouse
Inc
84,969
10,682
Urban
Outfitters
Inc
(e)
2,671
102
Warby
Parker
Inc
(e)
10,661
136
Wingstop
Inc
29,805
8,378
$
145,712
Savings
&
Loans
-
0
.61
%
Axos
Financial
Inc
(e)
119,654
6,633
Banc
of
California
Inc
311,551
4,293
FS
Bancorp
Inc
154
6
Greene
County
Bancorp
Inc
461
11
HomeTrust
Bancshares
Inc
410
11
Pacific
Premier
Bancorp
Inc
121,603
3,085
$
14,039
Semiconductors
-
4
.86
%
ACM
Research
Inc
(e)
1,102
19
Aehr
Test
Systems
(e)
3,459
51
Ambarella
Inc
(e)
2,902
152
Atomera
Inc
(a),(e)
2,008
16
Axcelis
Technologies
Inc
(e)
4,090
532
CEVA
Inc
(e)
2,561
49
Diodes
Inc
(e)
4,446
299
Entegris
Inc
117,604
13,842
FormFactor
Inc
(e)
171,712
6,657
Impinj
Inc
(e)
37,551
3,642
inTEST
Corp
(e)
1,670
20
IPG
Photonics
Corp
(e)
2,903
284
Kulicke
&
Soffa
Industries
Inc
48,249
2,428
Lattice
Semiconductor
Corp
(e)
180,293
10,973
MACOM
Technology
Solutions
Holdings
Inc
(e)
262,852
22,666
MaxLinear
Inc
(e)
9,549
199
Navitas
Semiconductor
Corp
(e)
2,174
12
Onto
Innovation
Inc
(e)
175,347
28,319
Power
Integrations
Inc
113,229
8,488
Rambus
Inc
(e)
92,675
6,351
Silicon
Laboratories
Inc
(e)
3,995
493
SiTime
Corp
(e)
20,397
2,173
SkyWater
Technology
Inc
(a),(e)
302,951
2,618
SMART
Global
Holdings
Inc
(e)
1,493
29
Synaptics
Inc
(e)
21,456
2,292
$
112,604
Software
-
12
.45
%
8x8
Inc
(e)
15,085
51
ACI
Worldwide
Inc
(e)
11,751
353
ACV
Auctions
Inc
(e)
744,745
9,659
Adeia
Inc
11,747
143
Agilysys
Inc
(e)
60,914
5,099
Alignment
Healthcare
Inc
(e)
354,079
2,372
Alkami
Technology
Inc
(e)
4,969
122
Altair
Engineering
Inc
(e)
190,996
16,239
American
Software
Inc/GA
3,201
36
Amplitude
Inc
(e)
8,558
111
Appfolio
Inc
(e)
2,410
528
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Software
(continued)
Appian
Corp
(e)
5,167
$
169
Asana
Inc
(e)
10,205
178
Asure
Software
Inc
(e)
402
4
AvePoint
Inc
(e)
18,663
144
AvidXchange
Holdings
Inc
(e)
17,193
188
Bandwidth
Inc
(e)
685
9
Bentley
Systems
Inc
118,078
5,951
BigBear.ai
Holdings
Inc
(e)
3,600
6
BigCommerce
Holdings
Inc
(e)
8,493
69
Blackbaud
Inc
(e)
5,473
443
BlackLine
Inc
(e)
210,955
12,379
Box
Inc
(e)
17,731
461
Braze
Inc
(e)
231,064
12,489
C3.ai
Inc
(a),(e)
7,782
193
CCC
Intelligent
Solutions
Holdings
Inc
(e)
1,118,636
12,294
Clear
Secure
Inc
464,761
8,844
Clearwater
Analytics
Holdings
Inc
(e)
620,132
11,690
Climb
Global
Solutions
Inc
489
27
CommVault
Systems
Inc
(e)
5,221
479
Consensus
Cloud
Solutions
Inc
(e)
1,472
32
CoreCard
Corp
(e)
911
11
CSG
Systems
International
Inc
3,960
199
CXApp
Inc
(e)
233
—
Daily
Journal
Corp
(e)
27
9
Definitive
Healthcare
Corp
(e)
409,576
3,482
Digi
International
Inc
(e)
3,913
95
Digimarc
Corp
(a),(e)
1,748
62
Digital
Turbine
Inc
(e)
3,549
19
DigitalOcean
Holdings
Inc
(e)
7,989
269
Domo
Inc
(e)
3,990
43
Donnelley
Financial
Solutions
Inc
(e)
2,218
138
Duolingo
Inc
(e)
3,679
658
Dynatrace
Inc
(e)
256,363
14,613
eGain
Corp
(e)
2,967
22
Enfusion
Inc
(e)
4,733
37
Envestnet
Inc
(e)
164,145
8,388
Everbridge
Inc
(e)
5,118
114
EverCommerce
Inc
(e)
2,456
24
Evolent
Health
Inc
(e)
13,832
407
Expensify
Inc
(e)
6,944
11
Fastly
Inc
(a),(e)
614,446
12,362
Five9
Inc
(e)
152,157
11,543
Freshworks
Inc
(e)
653,353
14,504
Guidewire
Software
Inc
(e)
63,027
7,039
Health
Catalyst
Inc
(e)
3,844
38
HireRight
Holdings
Corp
(e)
72,762
902
IBEX
Holdings
Ltd
(e)
1,328
24
Innodata
Inc
(a),(e)
3,259
34
Inspired
Entertainment
Inc
(e)
3,093
28
Instructure
Holdings
Inc
(e)
235,011
5,789
Intapp
Inc
(e)
3,470
149
IonQ
Inc
(a),(e)
3,162
32
Jamf
Holding
Corp
(e)
8,832
164
Kaltura
Inc
(e)
12,019
20
Klaviyo
Inc
(e)
49,500
1,280
LivePerson
Inc
(e)
10,290
29
Manhattan
Associates
Inc
(e)
31,595
7,664
MeridianLink
Inc
(e)
2,232
51
MicroStrategy
Inc
(a),(e)
1,535
769
Model
N
Inc
(e)
4,766
128
Monday.com
Ltd
(e)
58,820
12,355
N-able
Inc
(e)
7,953
103
Olo
Inc
(e)
7,465
39
Outset
Medical
Inc
(a),(e)
6,658
20
PagerDuty
Inc
(e)
11,382
270
PDF
Solutions
Inc
(e)
229,006
7,145
Phreesia
Inc
(e)
436,254
11,115
Planet
Labs
PBC
(e)
19,808
45
PowerSchool
Holdings
Inc
(e)
7,073
166
Schedule
of
Investments
SmallCap
Growth
Fund
I
January
31,
2024
(unaudited)
See
accompanying
notes.
250
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Software
(continued)
Privia
Health
Group
Inc
(e)
229,279
$
4,622
Progress
Software
Corp
5,468
311
PROS
Holdings
Inc
(e)
309,819
10,664
PubMatic
Inc
(e)
968
15
Red
Violet
Inc
(e)
1,587
30
Sapiens
International
Corp
NV
3,850
105
Schrodinger
Inc/United
States
(e)
6,873
182
SEMrush
Holdings
Inc
(e)
3,927
45
Sharecare
Inc
(e)
1,860
2
Simulations
Plus
Inc
1,959
74
Smartsheet
Inc
(e)
192,522
8,658
SoundHound
AI
Inc
(a),(e)
17,326
29
Sprout
Social
Inc
(e)
6,006
368
SPS
Commerce
Inc
(e)
90,689
16,669
Take-Two
Interactive
Software
Inc
(e)
48,102
7,933
Verint
Systems
Inc
(e)
7,252
215
Veritone
Inc
(a),(e)
3,257
5
Verra
Mobility
Corp
(e)
17,555
420
Viant
Technology
Inc
(e)
1,845
16
Vimeo
Inc
(e)
2,416
10
Weave
Communications
Inc
(e)
4,203
53
Workiva
Inc
(e)
121,921
11,332
Yext
Inc
(e)
13,564
80
Zeta
Global
Holdings
Corp
(e)
17,290
167
Zuora
Inc
(e)
377,415
3,450
$
288,625
Telecommunications
-
1
.31
%
A10
Networks
Inc
8,930
119
Anterix
Inc
(e)
1,414
42
Applied
Digital
Corp
(a),(e)
10,293
53
AST
SpaceMobile
Inc
(e)
10,765
31
Calix
Inc
(e)
7,423
246
Cambium
Networks
Corp
(e)
1,492
6
Clearfield
Inc
(a),(e)
1,603
40
CommScope
Holding
Co
Inc
(e)
26,195
61
Consolidated
Communications
Holdings
Inc
(e)
950
4
Credo
Technology
Group
Holding
Ltd
(e)
348,285
7,143
DigitalBridge
Group
Inc
569,529
11,186
Extreme
Networks
Inc
(e)
15,861
214
Globalstar
Inc
(e)
76,326
121
Gogo
Inc
(e)
742
7
Harmonic
Inc
(e)
216,651
2,535
IDT
Corp
-
Class
B
(e)
1,463
51
Infinera
Corp
(a),(e)
1,586,177
7,836
InterDigital
Inc
3,312
348
Luna
Innovations
Inc
(e)
4,097
29
Ooma
Inc
(e)
3,034
33
Preformed
Line
Products
Co
161
20
Terran
Orbital
Corp
(e)
862
1
Viavi
Solutions
Inc
(e)
22,969
226
$
30,352
Toys,
Games
&
Hobbies
-
0
.00
%
Funko
Inc
(e)
3,498
25
Transportation
-
1
.09
%
ArcBest
Corp
1,182
141
CryoPort
Inc
(e)
4,640
67
Daseke
Inc
(e)
5,165
42
Dorian
LPG
Ltd
2,538
95
FLEX
LNG
Ltd
2,494
75
Forward
Air
Corp
3,225
143
Himalaya
Shipping
Ltd
(e)
599
4
Knight-Swift
Transportation
Holdings
Inc
57,604
3,305
Marten
Transport
Ltd
5,846
108
PAM
Transportation
Services
Inc
(e)
98
2
RXO
Inc
(e)
137,958
2,870
Saia
Inc
(e)
19,991
9,008
Werner
Enterprises
Inc
1,119
44
XPO
Inc
(e)
109,493
9,355
$
25,259
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Trucking
&
Leasing
-
0
.00
%
GATX
Corp
282
$
35
Water
-
0
.03
%
American
States
Water
Co
4,650
347
Artesian
Resources
Corp
882
32
California
Water
Service
Group
2,280
103
Consolidated
Water
Co
Ltd
615
20
Global
Water
Resources
Inc
1,638
20
Middlesex
Water
Co
2,171
121
York
Water
Co/The
1,755
63
$
706
TOTAL
COMMON
STOCKS
$
2,230,540
Total
Investments
$
2,348,589
Other
Assets
and
Liabilities
- (1.29)%
(
29,957
)
TOTAL
NET
ASSETS
-
100.00%
$
2,318,632
(a)
Security
or
a
portion
of
the
security
was
on
loan. At
the
end
of
the
period,
the
value
of
these
securities
totaled
$27,809
or
1.20%
of
net
assets.
(b)
1-day
yield
shown
is
as
of
period
end.
(c)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$29,340
or
1.27%
of
net
assets.
(d)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(e)
Non-income
producing
security
(f)
The
value
of
these
investments
was
determined
using
significant
unobservable
inputs,
in
good
faith
by
the
Manager,
under
procedures
established
and
periodically
reviewed
by
the
Board
of
Directors.
Portfolio
Summary
Sector
Percent
Consumer,
Non-cyclical
30
.69
%
Technology
19
.57
%
Industrial
17
.57
%
Consumer,
Cyclical
11
.37
%
Financial
7
.66
%
Money
Market
Funds
4
.28
%
Communications
3
.64
%
Energy
2
.98
%
Basic
Materials
2
.58
%
Exchange-Traded
Funds
0
.81
%
Utilities
0
.14
%
Other
Assets
and
Liabilities
(
1
.29
)
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
SmallCap
Growth
Fund
I
January
31,
2024
(unaudited)
See
accompanying
notes.
251
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
76,745
$
392,860
$
377,421
$
92,184
$
76,745
$
392,860
$
377,421
$
92,184
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
940
$
—
$
—
$
—
$
940
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
Russell
2000
Emini;
March
2024
Long
85
$
8,313
$
(
284
)
Total
$
(
284
)
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
SmallCap
S&P
600
Index
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
252
INVESTMENT
COMPANIES
-
2
.84
%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0
.13
%
iShares
Core
S&P
Small-Cap
ETF
14,744
$
1,533
Money
Market
Funds
-
2
.71
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
5.21%
(a),(b)
2,854,268
2,854
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(a),(c)
28,956,503
28,957
$
31,811
TOTAL
INVESTMENT
COMPANIES
$
33,344
COMMON
STOCKS
-
97
.29
%
Shares
Held
Value
(000's)
Aerospace
&
Defense
-
1
.36
%
AAR
Corp
(d)
34,854
$
2,120
AeroVironment
Inc
(d)
27,327
3,297
Barnes
Group
Inc
52,672
1,744
Kaman
Corp
29,332
1,321
Mercury
Systems
Inc
(d)
54,218
1,608
Moog
Inc
29,885
4,178
National
Presto
Industries
Inc
5,448
431
Triumph
Group
Inc
(d)
79,886
1,294
$
15,993
Agriculture
-
0
.47
%
Andersons
Inc/The
32,979
1,738
Fresh
Del
Monte
Produce
Inc
35,012
861
Universal
Corp/VA
25,527
1,479
Vector
Group
Ltd
137,769
1,443
$
5,521
Airlines
-
0
.91
%
Alaska
Air
Group
Inc
(d)
133,099
4,769
Allegiant
Travel
Co
15,685
1,230
JetBlue
Airways
Corp
(d)
346,431
1,839
SkyWest
Inc
(d)
42,559
2,267
Sun
Country
Airlines
Holdings
Inc
(d)
40,513
551
$
10,656
Apparel
-
0
.84
%
Hanesbrands
Inc
(d)
363,841
1,637
Kontoor
Brands
Inc
51,972
3,047
Oxford
Industries
Inc
15,263
1,449
Steven
Madden
Ltd
72,896
3,053
Wolverine
World
Wide
Inc
82,667
691
$
9,877
Automobile
Manufacturers
-
0
.10
%
Wabash
National
Corp
47,904
1,212
Automobile
Parts
&
Equipment
-
1
.01
%
American
Axle
&
Manufacturing
Holdings
Inc
(d)
121,677
984
Dana
Inc
133,525
1,811
Dorman
Products
Inc
(d)
29,458
2,398
Gentherm
Inc
(d)
34,089
1,641
Methode
Electronics
Inc
37,430
777
Phinia
Inc
48,526
1,468
Standard
Motor
Products
Inc
19,424
784
Titan
International
Inc
(d)
52,588
776
XPEL
Inc
(d)
22,113
1,182
$
11,821
Banks
-
7
.76
%
Ameris
Bancorp
67,469
3,349
Atlantic
Union
Bankshares
Corp
77,974
2,664
BancFirst
Corp
15,058
1,333
Bancorp
Inc/The
(d)
55,771
2,434
Bank
of
Hawaii
Corp
41,319
2,613
BankUnited
Inc
77,348
2,186
Banner
Corp
35,703
1,663
Cathay
General
Bancorp
75,514
3,109
Central
Pacific
Financial
Corp
28,109
542
City
Holding
Co
15,418
1,576
Community
Bank
System
Inc
55,491
2,540
Customers
Bancorp
Inc
(d)
29,387
1,570
CVB
Financial
Corp
137,591
2,307
Dime
Community
Bancshares
Inc
36,317
828
Eagle
Bancorp
Inc
31,106
771
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Banks
(continued)
FB
Financial
Corp
36,518
$
1,360
First
BanCorp/Puerto
Rico
179,355
2,992
First
Bancorp/Southern
Pines
NC
42,710
1,476
First
Commonwealth
Financial
Corp
106,137
1,487
First
Financial
Bancorp
98,872
2,217
First
Hawaiian
Inc
132,642
2,877
Fulton
Financial
Corp
170,664
2,661
Hanmi
Financial
Corp
31,592
529
Heritage
Financial
Corp/WA
36,277
731
Hilltop
Holdings
Inc
48,096
1,515
Hope
Bancorp
Inc
124,844
1,383
Independent
Bank
Corp
45,583
2,557
Independent
Bank
Group
Inc
37,332
1,805
Lakeland
Financial
Corp
26,435
1,770
National
Bank
Holdings
Corp
39,249
1,374
NBT
Bancorp
Inc
48,945
1,741
OFG
Bancorp
48,914
1,799
Park
National
Corp
14,909
1,948
Pathward
Financial
Inc
27,217
1,409
Preferred
Bank/Los
Angeles
CA
12,990
933
Renasant
Corp
58,355
1,846
S&T
Bancorp
Inc
39,742
1,325
Seacoast
Banking
Corp
of
Florida
88,507
2,174
ServisFirst
Bancshares
Inc
50,924
3,419
Simmons
First
National
Corp
130,104
2,473
Southside
Bancshares
Inc
29,818
933
Stellar
Bancorp
Inc
48,719
1,219
Tompkins
Financial
Corp
12,977
641
Triumph
Financial
Inc
(d)
22,517
1,591
TrustCo
Bank
Corp
NY
19,775
572
Trustmark
Corp
63,479
1,713
United
Community
Banks
Inc/GA
123,671
3,381
Veritex
Holdings
Inc
56,463
1,186
Walker
&
Dunlop
Inc
34,770
3,358
Westamerica
BanCorp
27,700
1,322
$
91,202
Beverages
-
0
.21
%
MGP
Ingredients
Inc
16,249
1,380
National
Beverage
Corp
(d)
24,258
1,122
$
2,502
Biotechnology
-
2
.11
%
ANI
Pharmaceuticals
Inc
(d)
15,670
875
Arcus
Biosciences
Inc
(d)
56,021
848
Certara
Inc
(d)
111,318
1,799
Cytek
Biosciences
Inc
(d)
102,849
777
Cytokinetics
Inc
(d)
101,917
7,963
Dynavax
Technologies
Corp
(d)
134,356
1,736
Innoviva
Inc
(d)
58,620
950
Ligand
Pharmaceuticals
Inc
(d)
17,037
1,245
Myriad
Genetics
Inc
(d)
92,162
1,971
NeoGenomics
Inc
(d)
132,491
1,968
OmniAb
Operations
Inc
(d)
7,689
—
OmniAb
Operations
Inc
(d)
7,689
—
REGENXBIO
Inc
(d)
42,068
518
Vericel
Corp
(d)
49,608
2,132
Vir
Biotechnology
Inc
(d)
89,488
841
Xencor
Inc
(d)
63,276
1,183
$
24,806
Building
Materials
-
2
.86
%
AAON
Inc
70,093
4,918
American
Woodmark
Corp
(d)
17,069
1,558
Apogee
Enterprises
Inc
22,943
1,212
Armstrong
World
Industries
Inc
45,921
4,556
Boise
Cascade
Co
41,151
5,574
Gibraltar
Industries
Inc
(d)
31,637
2,560
Griffon
Corp
42,568
2,480
Hayward
Holdings
Inc
(d)
131,052
1,641
Masterbrand
Inc
(d)
131,759
1,854
PGT
Innovations
Inc
(d)
59,298
2,444
Schedule
of
Investments
SmallCap
S&P
600
Index
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
253
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Building
Materials
(continued)
SPX
Technologies
Inc
(d)
47,450
$
4,775
$
33,572
Chemicals
-
2
.46
%
AdvanSix
Inc
28,016
711
Balchem
Corp
33,513
4,697
Hawkins
Inc
19,664
1,309
HB
Fuller
Co
56,153
4,255
Ingevity
Corp
(d)
35,024
1,525
Innospec
Inc
25,847
3,001
Koppers
Holdings
Inc
21,645
1,107
Mativ
Holdings
Inc
56,337
678
Minerals
Technologies
Inc
33,828
2,211
Quaker
Chemical
Corp
14,395
2,734
Rogers
Corp
(d)
17,418
2,008
Sensient
Technologies
Corp
43,916
2,724
Stepan
Co
22,088
1,972
$
28,932
Coal
-
1
.28
%
Alpha
Metallurgical
Resources
Inc
12,289
4,906
CONSOL
Energy
Inc
29,010
2,744
Peabody
Energy
Corp
115,011
3,071
SunCoke
Energy
Inc
87,058
892
Warrior
Met
Coal
Inc
54,071
3,470
$
15,083
Commercial
Services
-
4
.36
%
ABM
Industries
Inc
68,117
2,778
Adtalem
Global
Education
Inc
(d)
41,398
2,090
Alarm.com
Holdings
Inc
(d)
51,960
3,160
AMN
Healthcare
Services
Inc
(d)
39,280
2,907
Arlo
Technologies
Inc
(d)
98,360
873
CoreCivic
Inc
(d)
118,083
1,679
CorVel
Corp
(d)
9,424
2,218
Cross
Country
Healthcare
Inc
(d)
34,345
730
Deluxe
Corp
45,417
859
EVERTEC
Inc
68,388
2,746
Forrester
Research
Inc
(d)
11,999
306
GEO
Group
Inc/The
(d)
126,850
1,411
Green
Dot
Corp
(d)
46,887
422
Healthcare
Services
Group
Inc
(d)
76,761
725
Heidrick
&
Struggles
International
Inc
20,916
627
John
Wiley
&
Sons
Inc
44,166
1,495
Kelly
Services
Inc
33,214
683
Korn
Ferry
54,783
3,214
LiveRamp
Holdings
Inc
(d)
68,096
2,688
Matthews
International
Corp
31,669
1,042
Medifast
Inc
11,322
619
Mister
Car
Wash
Inc
(d)
94,671
786
Monro
Inc
32,686
1,041
Payoneer
Global
Inc
(d)
270,773
1,267
Perdoceo
Education
Corp
68,278
1,236
PROG
Holdings
Inc
(d)
46,485
1,424
Resources
Connection
Inc
33,276
448
Sabre
Corp
(d)
394,440
1,617
Strategic
Education
Inc
22,842
2,149
Stride
Inc
(d)
41,313
2,477
TrueBlue
Inc
(d)
32,367
446
Upbound
Group
Inc
46,277
1,536
Vestis
Corp
135,877
2,908
Viad
Corp
(d)
21,744
719
$
51,326
Computers
-
1
.41
%
3D
Systems
Corp
(d)
138,696
665
Corsair
Gaming
Inc
(d)
44,957
572
DXC
Technology
Co
(d)
201,279
4,388
Insight
Enterprises
Inc
(d)
28,782
5,317
NCR
Atleos
Corp
(d)
69,543
1,557
NCR
Voyix
Corp
(d)
139,253
2,047
NetScout
Systems
Inc
(d)
73,795
1,587
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Computers
(continued)
TTEC
Holdings
Inc
19,718
$
402
$
16,535
Consumer
Products
-
0
.59
%
Central
Garden
&
Pet
Co
(d)
9,903
465
Central
Garden
&
Pet
Co
-
A
Shares
(d)
42,612
1,759
Quanex
Building
Products
Corp
34,287
1,070
WD-40
Co
14,091
3,649
$
6,943
Cosmetics
&
Personal
Care
-
0
.39
%
Edgewell
Personal
Care
Co
52,815
1,957
Inter
Parfums
Inc
18,617
2,590
$
4,547
Distribution
&
Wholesale
-
0
.79
%
G-III
Apparel
Group
Ltd
(d)
42,295
1,272
OPENLANE
Inc
(d)
112,277
1,581
Resideo
Technologies
Inc
(d)
151,757
2,545
Rush
Enterprises
Inc
-
Class
A
63,947
2,872
ScanSource
Inc
(d)
25,952
1,019
$
9,289
Diversified
Financial
Services
-
3
.17
%
Artisan
Partners
Asset
Management
Inc
71,180
2,982
B
Riley
Financial
Inc
(e)
17,166
402
Bread
Financial
Holdings
Inc
51,277
1,860
Brightsphere
Investment
Group
Inc
33,653
744
Encore
Capital
Group
Inc
(d)
24,457
1,225
Enova
International
Inc
(d)
31,048
1,690
EZCORP
Inc
(d)
54,156
466
Hannon
Armstrong
Sustainable
Infrastructure
Capital
Inc
115,547
2,749
Moelis
&
Co
69,294
3,809
Mr
Cooper
Group
Inc
(d)
68,457
4,611
Navient
Corp
87,989
1,515
Piper
Sandler
Cos
15,638
2,713
PJT
Partners
Inc
23,179
2,229
PRA
Group
Inc
(d)
40,790
929
Radian
Group
Inc
159,198
4,614
StoneX
Group
Inc
(d)
27,884
1,833
Virtus
Investment
Partners
Inc
7,020
1,658
WisdomTree
Inc
114,777
777
World
Acceptance
Corp
(d)
3,533
464
$
37,270
Electric
-
0
.88
%
Avista
Corp
80,419
2,735
Clearway
Energy
Inc
-
Class
A
35,979
808
Clearway
Energy
Inc
-
Class
C
85,638
2,076
Otter
Tail
Corp
43,357
3,920
Unitil
Corp
16,732
795
$
10,334
Electrical
Components
&
Equipment
-
0
.66
%
Encore
Wire
Corp
16,400
3,698
Energizer
Holdings
Inc
69,102
2,185
Insteel
Industries
Inc
20,222
701
Powell
Industries
Inc
9,493
1,125
$
7,709
Electronics
-
2
.76
%
Advanced
Energy
Industries
Inc
38,752
4,037
Badger
Meter
Inc
30,505
4,392
Benchmark
Electronics
Inc
37,089
1,006
Brady
Corp
46,594
2,806
CTS
Corp
32,387
1,330
ESCO
Technologies
Inc
26,800
2,730
Itron
Inc
(d)
47,289
3,412
Knowles
Corp
(d)
93,815
1,530
Mesa
Laboratories
Inc
5,325
488
OSI
Systems
Inc
(d)
16,243
2,080
Plexus
Corp
(d)
28,565
2,706
Sanmina
Corp
(d)
59,484
3,558
TTM
Technologies
Inc
(d)
106,276
1,478
Schedule
of
Investments
SmallCap
S&P
600
Index
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
254
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Electronics
(continued)
Vicor
Corp
(d)
23,458
$
884
$
32,437
Energy
-
Alternate
Sources
-
0
.53
%
Green
Plains
Inc
(d)
66,767
1,384
REX
American
Resources
Corp
(d)
15,829
655
SolarEdge
Technologies
Inc
(d)
59,050
3,927
SunPower
Corp
(d),(e)
89,228
270
$
6,236
Engineering
&
Construction
-
1
.36
%
Arcosa
Inc
50,685
3,968
Dycom
Industries
Inc
(d)
30,490
3,406
Frontdoor
Inc
(d)
82,757
2,711
Granite
Construction
Inc
45,666
2,060
MYR
Group
Inc
(d)
17,370
2,499
NV5
Global
Inc
(d)
13,219
1,386
$
16,030
Entertainment
-
0
.72
%
Cinemark
Holdings
Inc
(d)
110,264
1,525
Golden
Entertainment
Inc
22,309
856
Madison
Square
Garden
Sports
Corp
(d)
17,346
3,211
Monarch
Casino
&
Resort
Inc
13,874
956
Six
Flags
Entertainment
Corp
(d)
74,674
1,883
$
8,431
Environmental
Control
-
0
.06
%
Enviri
Corp
(d)
82,982
714
Food
-
1
.56
%
B&G
Foods
Inc
81,721
822
Calavo
Growers
Inc
18,462
482
Cal-Maine
Foods
Inc
42,251
2,342
Chefs'
Warehouse
Inc/The
(d)
36,694
1,168
Hain
Celestial
Group
Inc/The
(d)
93,246
999
J
&
J
Snack
Foods
Corp
16,041
2,554
John
B
Sanfilippo
&
Son
Inc
9,327
999
Simply
Good
Foods
Co/The
(d)
94,214
3,561
SpartanNash
Co
35,989
807
Tootsie
Roll
Industries
Inc
17,955
585
TreeHouse
Foods
Inc
(d)
52,307
2,202
United
Natural
Foods
Inc
(d)
61,748
921
WK
Kellogg
Co
68,536
890
$
18,332
Forest
Products
&
Paper
-
0
.18
%
Mercer
International
Inc
45,638
386
Sylvamo
Corp
36,713
1,705
$
2,091
Gas
-
0
.31
%
Chesapeake
Utilities
Corp
22,512
2,280
Northwest
Natural
Holding
Co
38,226
1,409
$
3,689
Hand
&
Machine
Tools
-
0
.65
%
Enerpac
Tool
Group
Corp
56,484
1,764
Franklin
Electric
Co
Inc
41,234
3,887
Kennametal
Inc
82,741
2,029
$
7,680
Healthcare
-
Products
-
2
.71
%
Artivion
Inc
(d)
40,534
678
Avanos
Medical
Inc
(d)
48,645
934
BioLife
Solutions
Inc
(d)
36,153
615
CONMED
Corp
31,966
3,056
Embecta
Corp
59,563
1,021
Glaukos
Corp
(d)
50,643
4,509
ICU
Medical
Inc
(d)
21,079
1,929
Integer
Holdings
Corp
(d)
34,642
3,510
LeMaitre
Vascular
Inc
20,595
1,195
Merit
Medical
Systems
Inc
(d)
60,030
4,700
Omnicell
Inc
(d)
47,262
1,520
OraSure
Technologies
Inc
(d)
76,382
563
Patterson
Cos
Inc
88,329
2,638
STAAR
Surgical
Co
(d)
50,742
1,421
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Healthcare
-
Products
(continued)
Tandem
Diabetes
Care
Inc
(d)
67,643
$
1,542
UFP
Technologies
Inc
(d)
7,305
1,231
Varex
Imaging
Corp
(d)
42,127
812
$
31,874
Healthcare
-
Services
-
1
.95
%
Addus
HomeCare
Corp
(d)
16,855
1,460
Agiliti
Inc
(d)
36,442
258
Apollo
Medical
Holdings
Inc
(d)
43,186
1,501
Enhabit
Inc
(d)
52,106
526
Ensign
Group
Inc/The
58,679
6,643
Fortrea
Holdings
Inc
(d)
92,301
2,858
Fulgent
Genetics
Inc
(d)
20,945
515
ModivCare
Inc
(d)
12,829
510
National
HealthCare
Corp
14,016
1,304
Pediatrix
Medical
Group
Inc
(d)
86,094
806
RadNet
Inc
(d)
62,809
2,322
Select
Medical
Holdings
Corp
109,280
2,840
US
Physical
Therapy
Inc
15,579
1,437
$
22,980
Home
Builders
-
3
.08
%
Cavco
Industries
Inc
(d)
8,048
2,671
Century
Communities
Inc
29,396
2,549
Green
Brick
Partners
Inc
(d)
26,413
1,378
Installed
Building
Products
Inc
24,510
4,776
LCI
Industries
26,324
2,929
LGI
Homes
Inc
(d)
21,310
2,515
M/I
Homes
Inc
(d)
28,947
3,689
MDC
Holdings
Inc
62,085
3,885
Meritage
Homes
Corp
38,216
6,329
Tri
Pointe
Homes
Inc
(d)
100,879
3,483
Winnebago
Industries
Inc
31,086
2,043
$
36,247
Home
Furnishings
-
0
.48
%
Ethan
Allen
Interiors
Inc
23,761
692
iRobot
Corp
(d),(e)
28,964
394
MillerKnoll
Inc
76,381
2,031
Sonos
Inc
(d)
133,314
2,077
Xperi
Inc
(d)
45,180
483
$
5,677
Housewares
-
0
.28
%
Newell
Brands
Inc
396,088
3,295
Insurance
-
3
.25
%
Ambac
Financial
Group
Inc
(d)
46,977
763
American
Equity
Investment
Life
Holding
Co
(d)
64,892
3,583
AMERISAFE
Inc
19,939
994
Assured
Guaranty
Ltd
56,502
4,584
Employers
Holdings
Inc
26,735
1,115
Genworth
Financial
Inc
(d)
468,786
2,893
Goosehead
Insurance
Inc
(d)
25,413
1,962
HCI
Group
Inc
6,249
560
Horace
Mann
Educators
Corp
42,445
1,563
Jackson
Financial
Inc
73,545
3,682
Lincoln
National
Corp
176,351
4,841
Mercury
General
Corp
27,626
1,107
NMI
Holdings
Inc
(d)
84,278
2,690
Palomar
Holdings
Inc
(d)
25,706
1,539
ProAssurance
Corp
52,978
713
Safety
Insurance
Group
Inc
15,377
1,281
SiriusPoint
Ltd
(d)
94,058
1,110
Stewart
Information
Services
Corp
28,441
1,754
Trupanion
Inc
(d),(e)
37,138
1,010
United
Fire
Group
Inc
22,059
494
$
38,238
Internet
-
1
.75
%
Cargurus
Inc
(d)
89,058
2,070
Cars.com
Inc
(d)
64,022
1,116
Cogent
Communications
Holdings
Inc
44,984
3,473
ePlus
Inc
(d)
27,995
2,115
Schedule
of
Investments
SmallCap
S&P
600
Index
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
255
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Internet
(continued)
HealthStream
Inc
24,868
$
662
Liquidity
Services
Inc
(d)
23,288
406
Perficient
Inc
(d)
36,144
2,463
QuinStreet
Inc
(d)
53,894
683
Shutterstock
Inc
24,871
1,168
TechTarget
Inc
(d)
26,845
917
TripAdvisor
Inc
(d)
112,377
2,427
Yelp
Inc
(d)
71,174
3,112
$
20,612
Iron
&
Steel
-
0
.87
%
ATI
Inc
(d)
132,607
5,420
Carpenter
Technology
Corp
51,248
3,156
Haynes
International
Inc
13,234
737
Worthington
Steel
Inc
31,666
948
$
10,261
Leisure
Products
&
Services
-
0
.31
%
Topgolf
Callaway
Brands
Corp
(d)
147,676
1,945
Vista
Outdoor
Inc
(d)
60,362
1,694
$
3,639
Lodging
-
0
.03
%
Marcus
Corp/The
25,588
347
Machinery
-
Construction
&
Mining
-
0
.07
%
Astec
Industries
Inc
23,636
841
Machinery
-
Diversified
-
1
.46
%
Alamo
Group
Inc
10,738
2,280
Albany
International
Corp
32,426
2,883
Applied
Industrial
Technologies
Inc
40,289
7,109
DXP
Enterprises
Inc/TX
(d)
13,787
444
Ichor
Holdings
Ltd
(d)
30,539
1,106
Lindsay
Corp
11,444
1,489
Tennant
Co
19,417
1,835
$
17,146
Media
-
0
.24
%
AMC
Networks
Inc
(d)
31,671
573
EW
Scripps
Co/The
(d)
61,199
488
Scholastic
Corp
28,380
1,091
Thryv
Holdings
Inc
(d)
32,162
657
$
2,809
Metal
Fabrication
&
Hardware
-
1
.14
%
AZZ
Inc
26,066
1,628
Mueller
Industries
Inc
118,005
5,664
Olympic
Steel
Inc
10,183
688
Proto
Labs
Inc
(d)
26,802
967
Standex
International
Corp
12,370
1,827
TimkenSteel
Corp
(d)
39,922
821
Worthington
Enterprises
Inc
31,682
1,807
$
13,402
Mining
-
0
.21
%
Century
Aluminum
Co
(d)
53,787
600
Compass
Minerals
International
Inc
35,078
789
Kaiser
Aluminum
Corp
16,646
1,080
$
2,469
Miscellaneous
Manufacturers
-
2
.47
%
Enpro
Inc
21,733
3,247
Fabrinet
(d)
37,765
8,063
Federal
Signal
Corp
63,333
4,875
Hillenbrand
Inc
72,672
3,384
John
Bean
Technologies
Corp
33,095
3,269
Materion
Corp
21,451
2,509
Myers
Industries
Inc
38,261
718
Sturm
Ruger
&
Co
Inc
18,422
804
Trinity
Industries
Inc
85,099
2,139
$
29,008
Office
&
Business
Equipment
-
0
.24
%
Pitney
Bowes
Inc
159,456
655
Xerox
Holdings
Corp
117,531
2,170
$
2,825
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Office
Furnishings
-
0
.23
%
HNI
Corp
48,416
$
1,971
Interface
Inc
60,398
750
$
2,721
Oil
&
Gas
-
2
.39
%
California
Resources
Corp
67,046
3,197
Callon
Petroleum
Co
(d)
57,765
1,855
Comstock
Resources
Inc
95,504
746
CVR
Energy
Inc
30,304
1,022
Helmerich
&
Payne
Inc
103,347
4,161
Nabors
Industries
Ltd
(d)
9,248
782
Northern
Oil
&
Gas
Inc
95,069
3,185
Par
Pacific
Holdings
Inc
(d)
57,854
2,117
Patterson-UTI
Energy
Inc
333,977
3,704
SM
Energy
Co
120,900
4,483
Talos
Energy
Inc
(d)
136,085
1,765
Vital
Energy
Inc
(d)
25,757
1,129
$
28,146
Oil
&
Gas
Services
-
1
.29
%
Archrock
Inc
142,746
2,333
Bristow
Group
Inc
(d)
24,956
658
Core
Laboratories
Inc
48,566
766
DNOW
Inc
(d)
110,524
1,115
Dril-Quip
Inc
(d)
35,523
713
Helix
Energy
Solutions
Group
Inc
(d)
147,253
1,384
Liberty
Energy
Inc
159,482
3,316
Oceaneering
International
Inc
(d)
104,696
2,176
Oil
States
International
Inc
(d)
66,408
410
ProPetro
Holding
Corp
(d)
88,230
746
RPC
Inc
88,432
646
US
Silica
Holdings
Inc
(d)
80,196
860
$
15,123
Packaging
&
Containers
-
0
.69
%
Clearwater
Paper
Corp
(d)
17,216
567
O-I
Glass
Inc
(d)
161,173
2,347
Sealed
Air
Corp
150,128
5,187
$
8,101
Pharmaceuticals
-
2
.64
%
AdaptHealth
Corp
(d)
85,061
614
Alkermes
PLC
(d)
173,458
4,692
Amphastar
Pharmaceuticals
Inc
(d)
38,842
2,073
Catalyst
Pharmaceuticals
Inc
(d)
115,132
1,658
Collegium
Pharmaceutical
Inc
(d)
33,897
1,117
Corcept
Therapeutics
Inc
(d)
93,799
1,979
Harmony
Biosciences
Holdings
Inc
(d)
34,094
1,075
Ironwood
Pharmaceuticals
Inc
(d)
142,810
2,027
Organon
&
Co
265,684
4,424
Owens
&
Minor
Inc
(d)
79,517
1,567
Pacira
BioSciences
Inc
(d)
48,269
1,573
Phibro
Animal
Health
Corp
21,140
229
Premier
Inc
124,390
2,689
Prestige
Consumer
Healthcare
Inc
(d)
51,577
3,174
Supernus
Pharmaceuticals
Inc
(d)
56,787
1,572
USANA
Health
Sciences
Inc
(d)
11,533
540
$
31,003
Real
Estate
-
0
.67
%
Anywhere
Real
Estate
Inc
(d)
114,845
818
Cushman
&
Wakefield
PLC
(d)
174,798
1,839
eXp
World
Holdings
Inc
(e)
79,932
989
Kennedy-Wilson
Holdings
Inc
123,154
1,287
Marcus
&
Millichap
Inc
24,738
942
St
Joe
Co/The
37,012
2,043
$
7,918
REITs
-
8
.08
%
Acadia
Realty
Trust
99,100
1,691
Alexander
&
Baldwin
Inc
75,397
1,306
American
Assets
Trust
Inc
50,496
1,133
Apollo
Commercial
Real
Estate
Finance
Inc
135,178
1,509
Apple
Hospitality
REIT
Inc
221,179
3,552
Schedule
of
Investments
SmallCap
S&P
600
Index
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
256
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
REITs
(continued)
Arbor
Realty
Trust
Inc
195,934
$
2,606
Armada
Hoffler
Properties
Inc
70,058
838
ARMOUR
Residential
REIT
Inc
50,924
970
Blackstone
Mortgage
Trust
Inc
179,091
3,535
Brandywine
Realty
Trust
178,883
848
CareTrust
REIT
Inc
123,806
2,590
Centerspace
15,647
857
Chatham
Lodging
Trust
50,786
533
Community
Healthcare
Trust
Inc
26,352
674
DiamondRock
Hospitality
Co
217,892
1,991
Douglas
Emmett
Inc
173,312
2,348
Easterly
Government
Properties
Inc
98,951
1,215
Ellington
Financial
Inc
81,592
996
Elme
Communities
91,296
1,322
Essential
Properties
Realty
Trust
Inc
162,175
4,040
Four
Corners
Property
Trust
Inc
94,136
2,204
Franklin
BSP
Realty
Trust
Inc
85,308
1,094
Getty
Realty
Corp
49,848
1,379
Global
Net
Lease
Inc
203,507
1,720
Highwoods
Properties
Inc
109,860
2,523
Hudson
Pacific
Properties
Inc
131,845
1,080
Innovative
Industrial
Properties
Inc
29,145
2,717
JBG
SMITH
Properties
90,521
1,448
KKR
Real
Estate
Finance
Trust
Inc
60,519
741
LTC
Properties
Inc
43,044
1,342
LXP
Industrial
Trust
304,173
2,765
Macerich
Co/The
223,942
3,536
New
York
Mortgage
Trust
Inc
94,259
739
NexPoint
Residential
Trust
Inc
24,075
735
Outfront
Media
Inc
150,971
1,966
Pebblebrook
Hotel
Trust
125,253
1,906
PennyMac
Mortgage
Investment
Trust
90,182
1,293
Phillips
Edison
&
Co
Inc
124,313
4,315
Ready
Capital
Corp
164,599
1,542
Redwood
Trust
Inc
123,311
827
Retail
Opportunity
Investments
Corp
130,969
1,780
Safehold
Inc
46,537
924
Saul
Centers
Inc
13,439
514
Service
Properties
Trust
172,306
1,332
SITE
Centers
Corp
187,110
2,492
SL
Green
Realty
Corp
66,957
3,010
Summit
Hotel
Properties
Inc
111,819
725
Sunstone
Hotel
Investors
Inc
213,545
2,278
Tanger
Inc
109,507
2,946
Two
Harbors
Investment
Corp
99,980
1,246
Uniti
Group
Inc
248,082
1,305
Universal
Health
Realty
Income
Trust
13,219
526
Urban
Edge
Properties
122,281
2,112
Veris
Residential
Inc
83,396
1,272
Whitestone
REIT
48,963
633
Xenia
Hotels
&
Resorts
Inc
110,232
1,469
$
94,990
Retail
-
7
.33
%
Abercrombie
&
Fitch
Co
(d)
52,344
5,334
Academy
Sports
&
Outdoors
Inc
77,476
4,860
Advance
Auto
Parts
Inc
61,817
4,132
American
Eagle
Outfitters
Inc
192,954
3,824
America's
Car-Mart
Inc/TX
(d)
6,036
367
Asbury
Automotive
Group
Inc
(d)
21,390
4,472
BJ's
Restaurants
Inc
(d)
24,153
836
Bloomin'
Brands
Inc
90,237
2,402
Boot
Barn
Holdings
Inc
(d)
31,479
2,258
Brinker
International
Inc
(d)
45,924
1,965
Buckle
Inc/The
30,937
1,151
Caleres
Inc
34,724
1,089
Cheesecake
Factory
Inc/The
48,554
1,669
Chuy's
Holdings
Inc
(d)
18,037
610
Cracker
Barrel
Old
Country
Store
Inc
23,033
1,782
Dave
&
Buster's
Entertainment
Inc
(d)
35,711
1,912
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Retail
(continued)
Designer
Brands
Inc
45,578
$
391
Dine
Brands
Global
Inc
16,165
754
Foot
Locker
Inc
85,148
2,398
GMS
Inc
(d)
42,195
3,551
Group
1
Automotive
Inc
14,368
3,737
Guess?
Inc
28,407
635
Haverty
Furniture
Cos
Inc
13,864
470
Hibbett
Inc
12,884
859
Jack
in
the
Box
Inc
20,902
1,630
Kohl's
Corp
115,054
2,964
La-Z-Boy
Inc
44,749
1,558
Leslie's
Inc
(d)
191,260
1,283
MarineMax
Inc
(d)
20,724
580
Movado
Group
Inc
16,280
449
National
Vision
Holdings
Inc
(d)
81,331
1,546
Nu
Skin
Enterprises
Inc
51,358
953
ODP
Corp/The
(d)
34,578
1,768
Papa
John's
International
Inc
34,050
2,502
Patrick
Industries
Inc
21,627
2,171
PC
Connection
Inc
11,743
758
PriceSmart
Inc
26,023
1,978
Sally
Beauty
Holdings
Inc
(d)
112,019
1,380
Shake
Shack
Inc
(d)
38,974
2,945
Shoe
Carnival
Inc
18,769
479
Signet
Jewelers
Ltd
46,657
4,641
Sonic
Automotive
Inc
15,449
781
Urban
Outfitters
Inc
(d)
58,823
2,235
Victoria's
Secret
&
Co
(d)
80,321
2,092
$
86,151
Savings
&
Loans
-
1
.57
%
Axos
Financial
Inc
(d)
53,408
2,960
Banc
of
California
Inc
135,950
1,873
Berkshire
Hills
Bancorp
Inc
44,564
1,070
Brookline
Bancorp
Inc
92,370
999
Capitol
Federal
Financial
Inc
131,404
833
Northfield
Bancorp
Inc
41,120
495
Northwest
Bancshares
Inc
132,114
1,634
Pacific
Premier
Bancorp
Inc
99,681
2,529
Provident
Financial
Services
Inc
78,519
1,300
WaFd
Inc
67,289
1,954
WSFS
Financial
Corp
63,127
2,810
$
18,457
Semiconductors
-
2
.37
%
Alpha
&
Omega
Semiconductor
Ltd
(d)
23,394
600
Axcelis
Technologies
Inc
(d)
34,039
4,427
CEVA
Inc
(d)
24,490
470
Cohu
Inc
(d)
49,378
1,573
Diodes
Inc
(d)
47,751
3,215
FormFactor
Inc
(d)
80,911
3,137
Kulicke
&
Soffa
Industries
Inc
58,700
2,954
MaxLinear
Inc
(d)
77,148
1,606
Photronics
Inc
(d)
65,014
1,900
Semtech
Corp
(d)
66,704
1,323
SiTime
Corp
(d)
17,974
1,916
SMART
Global
Holdings
Inc
(d)
53,963
1,060
Ultra
Clean
Holdings
Inc
(d)
46,599
1,780
Veeco
Instruments
Inc
(d)
58,563
1,867
$
27,828
Software
-
3
.54
%
ACI
Worldwide
Inc
(d)
113,010
3,398
Adeia
Inc
111,398
1,352
Agilysys
Inc
(d)
21,100
1,766
Cerence
Inc
(d)
41,922
839
Consensus
Cloud
Solutions
Inc
(d)
18,516
403
CSG
Systems
International
Inc
29,522
1,485
Digi
International
Inc
(d)
37,388
909
Digital
Turbine
Inc
(d)
94,772
511
Donnelley
Financial
Solutions
Inc
(d)
25,711
1,597
DoubleVerify
Holdings
Inc
(d)
144,881
5,797
Schedule
of
Investments
SmallCap
S&P
600
Index
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
257
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Software
(continued)
Envestnet
Inc
(d)
51,698
$
2,642
N-able
Inc
(d)
72,252
938
PDF
Solutions
Inc
(d)
31,816
993
Privia
Health
Group
Inc
(d)
106,765
2,152
Progress
Software
Corp
45,284
2,573
Schrodinger
Inc/United
States
(d)
56,853
1,504
Simulations
Plus
Inc
16,579
628
SPS
Commerce
Inc
(d)
38,146
7,011
Veradigm
Inc
(d)
113,568
1,037
Verra
Mobility
Corp
(d)
172,871
4,133
$
41,668
Telecommunications
-
1
.59
%
A10
Networks
Inc
72,437
969
ADTRAN
Holdings
Inc
73,622
461
ATN
International
Inc
10,900
402
Consolidated
Communications
Holdings
Inc
(d)
77,492
336
EchoStar
Corp
(d)
125,046
1,674
Extreme
Networks
Inc
(d)
134,721
1,820
Gogo
Inc
(d)
64,283
569
Harmonic
Inc
(d)
116,613
1,364
InterDigital
Inc
26,717
2,807
Lumen
Technologies
Inc
(d)
1,048,675
1,279
Shenandoah
Telecommunications
Co
52,245
1,071
Telephone
and
Data
Systems
Inc
102,467
1,969
Viasat
Inc
(d)
77,651
1,726
Viavi
Solutions
Inc
(d)
231,164
2,272
$
18,719
Textiles
-
0
.23
%
UniFirst
Corp/MA
15,702
2,660
Transportation
-
1
.54
%
ArcBest
Corp
24,596
2,930
Dorian
LPG
Ltd
35,456
1,328
Forward
Air
Corp
26,674
1,182
Heartland
Express
Inc
47,643
617
Hub
Group
Inc
(d)
64,846
2,936
Marten
Transport
Ltd
60,006
1,110
Matson
Inc
36,313
4,068
RXO
Inc
(d)
121,614
2,530
World
Kinect
Corp
62,576
1,412
$
18,113
Trucking
&
Leasing
-
0
.12
%
Greenbrier
Cos
Inc/The
32,328
1,470
Water
-
0
.72
%
American
States
Water
Co
38,441
2,868
California
Water
Service
Group
59,988
2,716
Middlesex
Water
Co
18,511
1,036
SJW
Group
30,205
1,798
$
8,418
TOTAL
COMMON
STOCKS
$
1,143,926
Total
Investments
$
1,177,270
Other
Assets
and
Liabilities
- (0.13)%
(
1,494
)
TOTAL
NET
ASSETS
-
100.00%
$
1,175,776
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$2,854
or
0.24%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
Security
or
a
portion
of
the
security
was
on
loan. At
the
end
of
the
period,
the
value
of
these
securities
totaled
$2,672
or
0.23%
of
net
assets.
Portfolio
Summary
Sector
Percent
Financial
24
.50
%
Industrial
17
.20
%
Consumer,
Non-cyclical
16
.99
%
Consumer,
Cyclical
16
.34
%
Technology
7
.56
%
Energy
5
.49
%
Basic
Materials
3
.72
%
Communications
3
.58
%
Money
Market
Funds
2
.71
%
Utilities
1
.91
%
Exchange-Traded
Funds
0
.13
%
Other
Assets
and
Liabilities
(
0
.13
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
19,882
$
128,006
$
118,931
$
28,957
$
19,882
$
128,006
$
118,931
$
28,957
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
259
$
—
$
—
$
—
$
259
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
SmallCap
S&P
600
Index
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
258
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
Russell
2000
Emini;
March
2024
Long
311
$
30,414
$
(
587
)
Total
$
(
587
)
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
SmallCap
Value
Fund
II
January
31,
2024
(unaudited)
See
accompanying
notes.
259
INVESTMENT
COMPANIES
-
3
.77
%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0
.24
%
iShares
Russell
2000
Value
ETF
22,200
$
3,289
Money
Market
Funds
-
3
.53
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
5.21%
(a),(b)
1,584,297
1,584
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
(a),(b),(c)
47,079,931
47,080
$
48,664
TOTAL
INVESTMENT
COMPANIES
$
51,953
COMMON
STOCKS
-
97
.56
%
Shares
Held
Value
(000's)
Advertising
-
0
.19
%
Advantage
Solutions
Inc
(d)
10,937
$
44
Boston
Omaha
Corp
(d)
2,771
43
Clear
Channel
Outdoor
Holdings
Inc
(d)
46,419
80
Stagwell
Inc
(d)
374,669
2,443
$
2,610
Aerospace
&
Defense
-
0
.58
%
AAR
Corp
(d)
4,168
253
AerSale
Corp
(d)
167,912
1,562
Archer
Aviation
Inc
(d),(e)
18,973
92
Astronics
Corp
(d)
3,328
56
Barnes
Group
Inc
74,246
2,458
Ducommun
Inc
(d)
1,658
82
Joby
Aviation
Inc
(d),(e)
23,046
126
Kaman
Corp
3,472
156
Kratos
Defense
&
Security
Solutions
Inc
(d)
15,750
267
Moog
Inc
11,308
1,580
National
Presto
Industries
Inc
16,389
1,298
Triumph
Group
Inc
(d)
7,944
129
$
8,059
Agriculture
-
0
.19
%
Alico
Inc
886
26
Andersons
Inc/The
38,461
2,027
Benson
Hill
Inc
(d)
24,156
4
Dole
PLC
3,959
45
Fresh
Del
Monte
Produce
Inc
4,246
104
Limoneira
Co
2,194
40
Tejon
Ranch
Co
(d)
2,647
42
Universal
Corp/VA
2,960
172
Vector
Group
Ltd
14,934
156
$
2,616
Airlines
-
0
.24
%
Alaska
Air
Group
Inc
(d)
50,900
1,824
Allegiant
Travel
Co
1,748
137
Hawaiian
Holdings
Inc
(d)
6,274
89
JetBlue
Airways
Corp
(d)
161,376
857
SkyWest
Inc
(d)
5,017
267
Spirit
Airlines
Inc
13,553
85
Sun
Country
Airlines
Holdings
Inc
(d)
2,021
28
$
3,287
Apparel
-
1
.01
%
Carter's
Inc
18,300
1,384
Fossil
Group
Inc
(d)
6,713
8
Gildan
Activewear
Inc
220,260
7,271
Hanesbrands
Inc
(d)
337,778
1,520
Kontoor
Brands
Inc
20,100
1,178
Oxford
Industries
Inc
7,634
724
Rocky
Brands
Inc
806
23
Steven
Madden
Ltd
43,300
1,813
Weyco
Group
Inc
736
24
Wolverine
World
Wide
Inc
790
7
$
13,952
Automobile
Manufacturers
-
0
.26
%
Blue
Bird
Corp
(d)
11,468
334
Hyliion
Holdings
Corp
(d)
18,597
19
Nikola
Corp
(d)
78,487
59
REV
Group
Inc
52,349
1,022
Wabash
National
Corp
83,398
2,110
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Automobile
Manufacturers
(continued)
Workhorse
Group
Inc
(d)
23,242
$
6
$
3,550
Automobile
Parts
&
Equipment
-
0
.99
%
Adient
PLC
(d)
83,153
2,886
Aeva
Technologies
Inc
(d)
11,694
10
American
Axle
&
Manufacturing
Holdings
Inc
(d)
14,182
115
Aurora
Innovation
Inc
(d)
41,852
125
Commercial
Vehicle
Group
Inc
(d)
3,445
22
Cooper-Standard
Holdings
Inc
(d)
1,464
26
Dana
Inc
16,143
219
Douglas
Dynamics
Inc
22,000
553
Fox
Factory
Holding
Corp
(d)
9,600
605
Goodyear
Tire
&
Rubber
Co/The
(d)
195,830
2,730
Holley
Inc
(d)
6,658
32
indie
Semiconductor
Inc
(d)
1,221
8
Methode
Electronics
Inc
119,601
2,483
Microvast
Holdings
Inc
(d),(e)
27,087
25
Miller
Industries
Inc/TN
22,021
886
Phinia
Inc
89,900
2,719
SES
AI
Corp
(d)
13,658
18
Solid
Power
Inc
(d)
18,648
30
Standard
Motor
Products
Inc
2,524
102
Titan
International
Inc
(d)
6,527
96
$
13,690
Banks
-
13
.98
%
1st
Source
Corp
13,972
730
ACNB
Corp
1,020
40
Alerus
Financial
Corp
2,260
51
Amalgamated
Financial
Corp
2,167
58
Amerant
Bancorp
Inc
3,221
73
American
National
Bankshares
Inc
1,289
58
Ameris
Bancorp
8,179
406
Ames
National
Corp
1,076
23
Arrow
Financial
Corp
24,759
624
Associated
Banc-Corp
118,411
2,488
Atlantic
Union
Bankshares
Corp
9,308
318
BancFirst
Corp
2,343
207
Bank
First
Corp
1,146
97
Bank
of
Hawaii
Corp
(e)
4,834
306
Bank
of
Marin
Bancorp
60,671
1,188
Bank
of
NT
Butterfield
&
Son
Ltd/The
5,557
169
Bank7
Corp
486
14
BankUnited
Inc
102,279
2,890
Bankwell
Financial
Group
Inc
730
20
Banner
Corp
4,217
196
Bar
Harbor
Bankshares
1,893
50
BayCom
Corp
26,793
546
BCB
Bancorp
Inc
43,393
539
Blue
Foundry
Bancorp
(d)
2,856
27
Blue
Ridge
Bankshares
Inc
2,257
6
BOK
Financial
Corp
14,600
1,224
Bridgewater
Bancshares
Inc
(d)
53,265
666
Burke
&
Herbert
Financial
Services
Corp
(e)
728
43
Business
First
Bancshares
Inc
2,987
67
Byline
Bancorp
Inc
3,046
67
C&F
Financial
Corp
400
22
Cadence
Bank
347,158
9,241
Cambridge
Bancorp
27,747
1,903
Camden
National
Corp
37,236
1,342
Capital
Bancorp
Inc
1,207
26
Capital
City
Bank
Group
Inc
1,054
30
Capstar
Financial
Holdings
Inc
2,438
44
Carter
Bankshares
Inc
(d)
2,907
42
Cathay
General
Bancorp
36,201
1,491
Central
Pacific
Financial
Corp
99,599
1,920
Central
Valley
Community
Bancorp
(e)
23,850
463
Chemung
Financial
Corp
453
21
ChoiceOne
Financial
Services
Inc
(e)
871
23
Citizens
&
Northern
Corp
1,809
37
Schedule
of
Investments
SmallCap
Value
Fund
II
January
31,
2024
(unaudited)
See
accompanying
notes.
260
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Banks
(continued)
Citizens
Financial
Services
Inc
(e)
356
$
21
City
Holding
Co
1,677
171
Civista
Bancshares
Inc
46,090
787
CNB
Financial
Corp/PA
30,944
660
Codorus
Valley
Bancorp
Inc
1,166
27
Colony
Bankcorp
Inc
2,068
25
Columbia
Banking
System
Inc
67,800
1,367
Comerica
Inc
248,755
13,080
Community
Bank
System
Inc
6,576
301
Community
Trust
Bancorp
Inc
29,236
1,213
ConnectOne
Bancorp
Inc
113,213
2,586
CrossFirst
Bankshares
Inc
(d)
72,027
1,017
Customers
Bancorp
Inc
(d)
3,531
189
CVB
Financial
Corp
68,645
1,151
Dime
Community
Bancshares
Inc
76,010
1,733
Eagle
Bancorp
Inc
96,239
2,386
Eastern
Bankshares
Inc
19,159
267
Enterprise
Bancorp
Inc/MA
1,195
34
Enterprise
Financial
Services
Corp
33,572
1,397
Equity
Bancshares
Inc
1,831
60
Esquire
Financial
Holdings
Inc
85
4
Evans
Bancorp
Inc
648
19
Farmers
&
Merchants
Bancorp
Inc/Archbold
OH
1,589
36
Farmers
National
Banc
Corp
4,510
62
FB
Financial
Corp
20,151
751
Fidelity
D&D
Bancorp
Inc
575
29
Financial
Institutions
Inc
32,822
686
First
Bancorp
Inc/The
1,220
31
First
BanCorp/Puerto
Rico
19,411
324
First
Bancorp/Southern
Pines
NC
4,896
169
First
Bancshares
Inc/The
3,786
96
First
Bank/Hamilton
NJ
2,607
36
First
Busey
Corp
31,309
737
First
Business
Financial
Services
Inc
16,027
589
First
Commonwealth
Financial
Corp
12,642
177
First
Community
Bankshares
Inc
2,105
72
First
Community
Corp/SC
948
18
First
Financial
Bancorp
11,662
261
First
Financial
Corp/IN
43,552
1,717
First
Foundation
Inc
80,360
765
First
Hawaiian
Inc
94,207
2,043
First
Internet
Bancorp
44,420
1,465
First
Interstate
BancSystem
Inc
31,099
856
First
Merchants
Corp
24,215
818
First
Mid
Bancshares
Inc
21,022
662
First
of
Long
Island
Corp/The
109,840
1,321
Five
Star
Bancorp
917
22
Fulton
Financial
Corp
19,869
310
FVCBankcorp
Inc
(d)
1,906
23
German
American
Bancorp
Inc
3,452
114
Glacier
Bancorp
Inc
13,809
534
Great
Southern
Bancorp
Inc
10,500
547
Guaranty
Bancshares
Inc/TX
1,022
31
Hancock
Whitney
Corp
10,744
485
Hanmi
Financial
Corp
140,774
2,358
HarborOne
Bancorp
Inc
5,162
56
HBT
Financial
Inc
1,684
33
Heartland
Financial
USA
Inc
37,401
1,326
Heritage
Commerce
Corp
132,970
1,183
Heritage
Financial
Corp/WA
62,184
1,253
Hilltop
Holdings
Inc
66,149
2,083
Home
BancShares
Inc/AR
23,629
554
HomeStreet
Inc
29,971
412
Hope
Bancorp
Inc
240,450
2,664
Horizon
Bancorp
Inc/IN
149,477
1,959
Independent
Bank
Corp
5,466
307
Independent
Bank
Corp/MI
52,988
1,348
Independent
Bank
Group
Inc
16,357
790
International
Bancshares
Corp
6,633
351
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Banks
(continued)
Investar
Holding
Corp
43,200
$
773
John
Marshall
Bancorp
Inc
1,558
30
Kearny
Financial
Corp/MD
146,253
1,057
Lakeland
Bancorp
Inc
106,769
1,419
Lakeland
Financial
Corp
2,850
191
LCNB
Corp
1,323
20
Live
Oak
Bancshares
Inc
58,045
2,111
Luther
Burbank
Corp
(d)
57,118
549
Macatawa
Bank
Corp
3,305
35
MainStreet
Bancshares
Inc
866
16
Mercantile
Bank
Corp
16,621
666
Merchants
Bancorp/IN
38,047
1,664
Metrocity
Bankshares
Inc
2,264
54
Metropolitan
Bank
Holding
Corp
(d)
1,193
58
Mid
Penn
Bancorp
Inc
1,723
37
Middlefield
Banc
Corp
982
26
Midland
States
Bancorp
Inc
2,553
67
MidWestOne
Financial
Group
Inc
24,474
624
MVB
Financial
Corp
1,318
28
National
Bank
Holdings
Corp
4,527
158
National
Bankshares
Inc
716
23
NBT
Bancorp
Inc
5,172
184
NewtekOne
Inc
(e)
2,939
35
Nicolet
Bankshares
Inc
1,612
125
Northeast
Bank
14,535
797
Northeast
Community
Bancorp
Inc
40,854
704
Northrim
BanCorp
Inc
26,675
1,347
Norwood
Financial
Corp
922
25
Oak
Valley
Bancorp
840
22
OFG
Bancorp
5,682
209
Old
National
Bancorp/IN
333,375
5,491
Old
Second
Bancorp
Inc
5,357
73
Orange
County
Bancorp
Inc
631
31
Origin
Bancorp
Inc
3,593
110
Orrstown
Financial
Services
Inc
1,278
35
Park
National
Corp
1,777
232
Parke
Bancorp
Inc
27,909
516
Pathward
Financial
Inc
2,127
110
PCB
Bancorp
32,867
551
Peapack-Gladstone
Financial
Corp
44,702
1,233
Penns
Woods
Bancorp
Inc
852
18
Peoples
Bancorp
Inc/OH
4,287
126
Peoples
Financial
Services
Corp
843
37
Pioneer
Bancorp
Inc/NY
(d)
1,472
14
Plumas
Bancorp
591
21
Ponce
Financial
Group
Inc
(d)
2,573
23
Popular
Inc
31,800
2,717
Preferred
Bank/Los
Angeles
CA
30,381
2,183
Premier
Financial
Corp
93,544
1,954
Primis
Financial
Corp
65,730
868
Princeton
Bancorp
Inc
631
21
Prosperity
Bancshares
Inc
144,525
9,237
QCR
Holdings
Inc
2,015
118
RBB
Bancorp
43,334
766
Red
River
Bancshares
Inc
595
30
Renasant
Corp
6,829
216
Republic
Bancorp
Inc/KY
1,051
54
S&T
Bancorp
Inc
4,690
156
Sandy
Spring
Bancorp
Inc
85,596
2,087
Seacoast
Banking
Corp
of
Florida
10,398
255
ServisFirst
Bancshares
Inc
4,178
281
Shore
Bancshares
Inc
51,513
666
Sierra
Bancorp
30,786
639
Simmons
First
National
Corp
124,738
2,372
SmartFinancial
Inc
1,889
44
South
Plains
Financial
Inc
1,459
40
Southern
First
Bancshares
Inc
(d)
21,109
792
Southern
States
Bancshares
Inc
938
24
Southside
Bancshares
Inc
3,536
111
Schedule
of
Investments
SmallCap
Value
Fund
II
January
31,
2024
(unaudited)
See
accompanying
notes.
261
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Banks
(continued)
SouthState
Corp
9,448
$
785
Stellar
Bancorp
Inc
5,741
144
Sterling
Bancorp
Inc/MI
(d)
2,744
15
Stock
Yards
Bancorp
Inc
437
22
Summit
Financial
Group
Inc
1,357
38
Synovus
Financial
Corp
62,800
2,365
Texas
Capital
Bancshares
Inc
(d)
15,524
947
Third
Coast
Bancshares
Inc
(d)
1,454
28
Tompkins
Financial
Corp
23,589
1,165
Towne
Bank/Portsmouth
VA
29,458
828
TriCo
Bancshares
3,827
139
Triumph
Financial
Inc
(d)
2,755
195
TrustCo
Bank
Corp
NY
57,115
1,651
Trustmark
Corp
7,503
203
UMB
Financial
Corp
5,477
452
United
Bankshares
Inc/WV
257,645
9,237
United
Community
Banks
Inc/GA
14,336
392
Unity
Bancorp
Inc
895
25
Univest
Financial
Corp
68,670
1,459
USCB
Financial
Holdings
Inc
1,407
17
Valley
National
Bancorp
225,726
2,172
Veritex
Holdings
Inc
89,662
1,884
Virginia
National
Bankshares
Corp
586
19
Walker
&
Dunlop
Inc
3,956
382
Washington
Trust
Bancorp
Inc
58,273
1,621
WesBanco
Inc
7,104
208
West
BanCorp
Inc
2,031
38
Westamerica
BanCorp
2,221
106
Western
Alliance
Bancorp
218,710
13,989
Zions
Bancorp
NA
333,495
13,973
$
192,560
Beverages
-
0
.79
%
BRC
Inc
(d),(e)
307
1
Coca-Cola
Consolidated
Inc
9,415
8,110
Duckhorn
Portfolio
Inc/The
(d)
287,615
2,482
Primo
Water
Corp
16,651
243
Zevia
PBC
(d)
1,129
2
$
10,838
Biotechnology
-
0
.57
%
2seventy
bio
Inc
(d)
6,313
32
4D
Molecular
Therapeutics
Inc
(d)
4,530
78
Aadi
Bioscience
Inc
(d)
2,258
4
Achillion
Pharamceuticals
Inc
(d),(f)
8,433
4
Acrivon
Therapeutics
Inc
(d)
1,208
4
Actinium
Pharmaceuticals
Inc
(d),(e)
145
1
Adicet
Bio
Inc
(d)
3,399
10
ADMA
Biologics
Inc
(d)
12,574
65
Agenus
Inc
(d)
40,672
27
Allakos
Inc
(d),(e)
8,369
11
Allogene
Therapeutics
Inc
(d)
11,897
42
Allovir
Inc
(d)
6,405
5
Alpine
Immune
Sciences
Inc
(d)
1,908
51
Altimmune
Inc
(d)
6,648
63
ALX
Oncology
Holdings
Inc
(d)
3,385
49
AnaptysBio
Inc
(d)
366
9
ANI
Pharmaceuticals
Inc
(d)
392
22
Annexon
Inc
(d)
5,742
24
Apogee
Therapeutics
Inc
(d),(e)
1,397
47
Arbutus
Biopharma
Corp
(d)
6,580
16
Arcturus
Therapeutics
Holdings
Inc
(d)
2,657
88
Arcus
Biosciences
Inc
(d)
4,599
70
Ardelyx
Inc
(d)
10,012
87
ARS
Pharmaceuticals
Inc
(d)
2,418
15
Astria
Therapeutics
Inc
(d)
329
4
Atara
Biotherapeutics
Inc
(d)
12,726
8
Atea
Pharmaceuticals
Inc
(d)
9,649
40
Aura
Biosciences
Inc
(d)
3,486
27
Avidity
Biosciences
Inc
(d)
9,117
112
Beam
Therapeutics
Inc
(d)
836
20
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Biotechnology
(continued)
BioAtla
Inc
(d)
6,169
$
12
BioCryst
Pharmaceuticals
Inc
(d)
5,940
31
Biohaven
Ltd
(d)
8,476
377
Bluebird
Bio
Inc
(d)
13,505
14
Bridgebio
Pharma
Inc
(d)
4,288
147
Cabaletta
Bio
Inc
(d),(e)
519
11
Cara
Therapeutics
Inc
(d)
6,521
4
Caribou
Biosciences
Inc
(d),(e)
10,306
63
Carisma
Therapeutics
Inc
3,409
7
Cartesian
Therapeutics
Inc
(d)
12,004
9
Cartesian
Therapeutics
Inc
-
Contingent
Value
Rights
(d),(f)
12,004
2
Celcuity
Inc
(d)
2,193
33
Celldex
Therapeutics
Inc
(d)
4,246
150
Century
Therapeutics
Inc
(d)
2,939
13
Chinook
Therapeutics
Inc
-
Contingent
Value
Rights
(d),(f)
4,587
2
Cogent
Biosciences
Inc
(d)
4,702
21
Compass
Therapeutics
Inc
(d)
10,882
14
Crinetics
Pharmaceuticals
Inc
(d)
6,695
244
Cullinan
Oncology
Inc
(d)
3,246
49
Cytokinetics
Inc
(d)
880
69
Day
One
Biopharmaceuticals
Inc
(d)
755
11
Deciphera
Pharmaceuticals
Inc
(d)
4,260
61
Design
Therapeutics
Inc
(d)
4,567
11
Disc
Medicine
Inc
(d)
50
3
Dynavax
Technologies
Corp
(d)
2,503
32
Dyne
Therapeutics
Inc
(d)
3,879
83
Edgewise
Therapeutics
Inc
(d)
5,379
96
Editas
Medicine
Inc
(d)
10,173
72
Emergent
BioSolutions
Inc
(d)
103,244
172
Entrada
Therapeutics
Inc
(d)
2,585
38
Erasca
Inc
(d)
10,158
17
EyePoint
Pharmaceuticals
Inc
(d)
1,543
42
Fate
Therapeutics
Inc
(d)
10,198
63
FibroGen
Inc
(d)
13,377
26
Forafric
Global
PLC
(d)
552
6
Genelux
Corp
(d),(e)
1,639
17
Generation
Bio
Co
(d)
5,696
11
Geron
Corp
(d)
15,743
29
Graphite
Bio
Inc
(d)
3,533
10
HilleVax
Inc
(d)
2,508
36
Humacyte
Inc
(d)
824
3
Icosavax
Inc
(d)
3,459
53
Ideaya
Biosciences
Inc
(d)
2,616
114
IGM
Biosciences
Inc
(d),(e)
1,659
17
Ikena
Oncology
Inc
(d)
3,461
5
ImmunityBio
Inc
(d),(e)
2,995
10
ImmunoGen
Inc
(d)
12,395
363
Inhibrx
Inc
(d)
1,408
54
Innoviva
Inc
(d)
6,665
108
Inozyme
Pharma
Inc
(d)
6,004
33
Intellia
Therapeutics
Inc
(d)
9,332
222
Iovance
Biotherapeutics
Inc
(d),(e)
28,388
219
iTeos
Therapeutics
Inc
(d)
2,993
30
Janux
Therapeutics
Inc
(d)
2,030
17
Kezar
Life
Sciences
Inc
(d)
9,954
10
Kiniksa
Pharmaceuticals
Ltd
(d)
3,912
69
Kodiak
Sciences
Inc
(d)
4,075
16
Larimar
Therapeutics
Inc
(d)
3,234
19
Lexicon
Pharmaceuticals
Inc
(d),(e)
5,420
10
Ligand
Pharmaceuticals
Inc
(d)
1,795
131
Liquidia
Corp
(d)
1,760
22
MacroGenics
Inc
(d)
5,349
76
MeiraGTx
Holdings
plc
(d)
914
6
Mersana
Therapeutics
Inc
(d)
6,039
19
Mineralys
Therapeutics
Inc
(d),(e)
1,809
20
Monte
Rosa
Therapeutics
Inc
(d)
3,846
20
Myriad
Genetics
Inc
(d)
9,964
213
Schedule
of
Investments
SmallCap
Value
Fund
II
January
31,
2024
(unaudited)
See
accompanying
notes.
262
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Biotechnology
(continued)
NeoGenomics
Inc
(d)
14,347
$
213
Neumora
Therapeutics
Inc
(d),(e)
1,009
15
NGM
Biopharmaceuticals
Inc
(d)
4,626
7
Nkarta
Inc
(d)
3,798
34
Novavax
Inc
(d),(e)
2,028
8
Nurix
Therapeutics
Inc
(d)
6,001
47
Nuvation
Bio
Inc
(d)
17,545
28
Ocean
Biomedical
Inc
(d)
919
1
Olema
Pharmaceuticals
Inc
(d)
3,379
44
Omeros
Corp
(d),(e)
4,605
15
OmniAb
Operations
Inc
(d)
476
—
OmniAb
Operations
Inc
(d)
476
—
Organogenesis
Holdings
Inc
(d)
7,805
26
Ovid
therapeutics
Inc
(d)
7,521
29
PepGen
Inc
(d)
814
8
Phathom
Pharmaceuticals
Inc
(d)
2,994
20
Poseida
Therapeutics
Inc
(d)
8,554
29
Precigen
Inc
(d)
17,020
23
Prelude
Therapeutics
Inc
(d)
1,980
7
ProKidney
Corp
(d)
4,671
6
Protalix
BioTherapeutics
Inc
(d)
8,352
12
PTC
Therapeutics
Inc
(d)
1,769
46
Rallybio
Corp
(d)
3,855
5
RAPT
Therapeutics
Inc
(d)
932
23
RayzeBio
Inc
(d)
1,356
84
Recursion
Pharmaceuticals
Inc
(d)
16,941
159
REGENXBIO
Inc
(d)
5,079
63
Relay
Therapeutics
Inc
(d)
11,214
104
Replimune
Group
Inc
(d)
6,219
48
REVOLUTION
Medicines
Inc
(d)
4,574
127
Rigel
Pharmaceuticals
Inc
(d)
3,304
4
Rocket
Pharmaceuticals
Inc
(d)
905
26
Sage
Therapeutics
Inc
(d)
420
11
Sana
Biotechnology
Inc
(d)
10,971
60
Sangamo
Therapeutics
Inc
(d)
18,430
8
Savara
Inc
(d)
10,656
53
Scholar
Rock
Holding
Corp
(d)
6,829
95
Scilex
Holding
Co
(d)
3,201
5
Seer
Inc
(d)
7,379
13
Stoke
Therapeutics
Inc
(d)
3,671
18
Sutro
Biopharma
Inc
(d)
7,570
33
Syndax
Pharmaceuticals
Inc
(d)
1,378
28
Tango
Therapeutics
Inc
(d),(e)
5,628
66
Tarsus
Pharmaceuticals
Inc
(d)
3,517
96
Tenaya
Therapeutics
Inc
(d)
6,080
26
Terns
Pharmaceuticals
Inc
(d)
1,837
10
Theravance
Biopharma
Inc
(d)
6,335
60
Theseus
Pharmaceuticals
Inc
(d)
2,538
10
Third
Harmonic
Bio
Inc
(d)
2,493
22
Travere
Therapeutics
Inc
(d)
782
7
Turnstone
Biologics
Corp
(d)
546
1
Twist
Bioscience
Corp
(d)
7,011
227
Tyra
Biosciences
Inc
(d),(e)
1,153
15
UroGen
Pharma
Ltd
(d)
612
10
Vera
Therapeutics
Inc
(d),(e)
2,118
77
Veracyte
Inc
(d)
8,976
225
Verve
Therapeutics
Inc
(d)
6,425
70
Vigil
Neuroscience
Inc
(d),(e)
2,237
6
Vir
Biotechnology
Inc
(d)
9,889
93
Viridian
Therapeutics
Inc
(d)
1,134
22
Vor
BioPharma
Inc
(d)
5,253
12
WaVe
Life
Sciences
Ltd
(d)
7,458
32
X4
Pharmaceuticals
Inc
(d)
9,058
7
Xencor
Inc
(d)
3,303
62
XOMA
Corp
(d)
922
18
Zevra
Therapeutics
Inc
(d)
4,571
26
Zura
Bio
Ltd
(d)
2,134
6
Zymeworks
Inc
(d)
6,646
72
$
7,885
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Building
Materials
-
0
.86
%
AAON
Inc
64,965
$
4,558
American
Woodmark
Corp
(d)
1,890
173
Apogee
Enterprises
Inc
1,666
88
Armstrong
World
Industries
Inc
21,600
2,143
Aspen
Aerogels
Inc
(d)
6,290
71
Boise
Cascade
Co
4,937
669
Gibraltar
Industries
Inc
(d)
1,648
133
Griffon
Corp
2,070
121
JELD-WEN
Holding
Inc
(d)
84,708
1,575
Knife
River
Corp
(d)
6,997
458
LSI
Industries
Inc
878
12
Masterbrand
Inc
(d)
16,026
225
Modine
Manufacturing
Co
(d)
2,294
159
SmartRent
Inc
(d)
22,911
68
SPX
Technologies
Inc
(d)
948
95
Summit
Materials
Inc
(d)
14,792
535
UFP
Industries
Inc
6,319
717
$
11,800
Chemicals
-
4
.34
%
AdvanSix
Inc
71,307
1,809
American
Vanguard
Corp
2,699
30
Avient
Corp
11,195
405
Axalta
Coating
Systems
Ltd
(d)
277,540
8,998
Cabot
Corp
16,300
1,175
Chemours
Co/The
290,180
8,755
Codexis
Inc
(d)
8,129
21
Danimer
Scientific
Inc
(d),(e)
11,051
7
Ecovyst
Inc
(d)
253,861
2,351
Element
Solutions
Inc
809,995
18,006
HB
Fuller
Co
716
54
Ingevity
Corp
(d)
59,800
2,605
Innospec
Inc
15,767
1,831
Intrepid
Potash
Inc
(d)
1,342
25
Koppers
Holdings
Inc
2,484
127
Kronos
Worldwide
Inc
2,779
26
Mativ
Holdings
Inc
243,967
2,935
Minerals
Technologies
Inc
42,006
2,745
Oil-Dri
Corp
of
America
446
29
Origin
Materials
Inc
(d)
14,723
9
Perimeter
Solutions
SA
(d)
18,860
89
Rayonier
Advanced
Materials
Inc
(d)
7,680
33
Rogers
Corp
(d)
574
66
Stepan
Co
2,320
207
Trinseo
PLC
4,286
26
Tronox
Holdings
PLC
14,463
200
Valhi
Inc
229
3
Valvoline
Inc
(d)
195,660
7,140
$
59,707
Coal
-
0
.17
%
Alpha
Metallurgical
Resources
Inc
1,334
533
Arch
Resources
Inc
2,231
395
CONSOL
Energy
Inc
3,802
360
Hallador
Energy
Co
(d)
2,874
24
NACCO
Industries
Inc
517
19
Peabody
Energy
Corp
14,126
377
Ramaco
Resources
Inc
-
A
Shares
2,837
53
Ramaco
Resources
Inc
-
B
Shares
477
6
SunCoke
Energy
Inc
10,351
106
Warrior
Met
Coal
Inc
6,386
410
$
2,283
Commercial
Services
-
3
.46
%
2U
Inc
(d)
10,566
9
Aaron's
Co
Inc/The
198,300
2,040
ABM
Industries
Inc
65,886
2,688
Acacia
Research
Corp
(d),(e)
4,780
19
Adtalem
Global
Education
Inc
(d)
45,427
2,293
AirSculpt
Technologies
Inc
(d),(e)
131
1
Alight
Inc
(d)
51,263
457
API
Group
Corp
(d)
8,499
268
Schedule
of
Investments
SmallCap
Value
Fund
II
January
31,
2024
(unaudited)
See
accompanying
notes.
263
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Commercial
Services
(continued)
Arlo
Technologies
Inc
(d)
1,397
$
12
Bakkt
Holdings
Inc
(d),(e)
9,718
13
Barrett
Business
Services
Inc
52
6
BrightView
Holdings
Inc
(d)
5,313
47
Brink's
Co/The
22,200
1,795
Cass
Information
Systems
Inc
174
8
Chegg
Inc
(d)
2,019
20
Cimpress
PLC
(d)
973
73
Cipher
Mining
Inc
(d),(e)
5,390
16
Cleanspark
Inc
(d),(e)
16,201
130
CompoSecure
Inc
(d)
101
1
CoreCivic
Inc
(d)
14,046
200
CPI
Card
Group
Inc
(d)
32,800
599
Cross
Country
Healthcare
Inc
(d)
3,614
77
Deluxe
Corp
5,366
101
Distribution
Solutions
Group
Inc
(d)
116
4
Emerald
Holding
Inc
(d)
136,069
835
Ennis
Inc
52,243
1,064
Euronet
Worldwide
Inc
(d)
7,600
757
European
Wax
Center
Inc
(d)
175
3
First
Advantage
Corp
6,051
99
FiscalNote
Holdings
Inc
(d)
6,922
9
GEO
Group
Inc/The
(d)
14,957
166
Graham
Holdings
Co
2,345
1,690
Green
Dot
Corp
(d)
5,918
53
Hackett
Group
Inc/The
258
6
Healthcare
Services
Group
Inc
(d)
181,704
1,716
Heidrick
&
Struggles
International
Inc
64,677
1,938
Information
Services
Group
Inc
2,032
9
John
Wiley
&
Sons
Inc
4,491
152
Kelly
Services
Inc
3,848
79
Kforce
Inc
154,725
10,575
Korn
Ferry
49,005
2,875
Laureate
Education
Inc
2,572
32
Lincoln
Educational
Services
Corp
(d)
2,980
27
LiveRamp
Holdings
Inc
(d)
8,138
321
ManpowerGroup
Inc
31,300
2,321
MarketWise
Inc
4,051
9
Marqeta
Inc
(d)
51,566
310
Matthews
International
Corp
2,678
88
Medifast
Inc
35,900
1,962
Monro
Inc
3,837
122
Multiplan
Corp
(d)
47,703
48
Paysafe
Ltd
(d)
4,148
62
Perdoceo
Education
Corp
8,056
146
Performant
Financial
Corp
(d)
1,798
5
PROG
Holdings
Inc
(d)
4,413
135
Quad/Graphics
Inc
(d)
109,348
597
RCM
Technologies
Inc
(d)
7,100
196
Rent
the
Runway
Inc
(d)
4,797
3
Repay
Holdings
Corp
(d)
10,114
79
Resources
Connection
Inc
137,595
1,852
Riot
Platforms
Inc
(d)
7,077
77
Sabre
Corp
(d)
30,780
126
Sterling
Check
Corp
(d),(e)
3,707
51
StoneCo
Ltd
(d)
14,130
243
Strategic
Education
Inc
2,793
263
Terawulf
Inc
(d),(e)
18,647
31
Textainer
Group
Holdings
Ltd
5,006
249
TrueBlue
Inc
(d)
172,326
2,375
Universal
Technical
Institute
Inc
(d)
3,393
48
Upbound
Group
Inc
36,631
1,216
V2X
Inc
(d)
43,162
1,678
Willdan
Group
Inc
(d)
1,527
29
WW
International
Inc
(d)
6,890
26
$
47,630
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Computers
-
3
.13
%
3D
Systems
Corp
(d),(e)
16,137
$
77
ASGN
Inc
(d)
104,369
9,688
Cantaloupe
Inc
(d)
2,365
16
Conduent
Inc
(d)
21,366
77
Crane
NXT
Co
36,600
2,133
Desktop
Metal
Inc
(d),(e)
35,587
23
DXC
Technology
Co
(d)
80,000
1,744
Grid
Dynamics
Holdings
Inc
(d)
1,379
18
Insight
Enterprises
Inc
(d)
128,740
23,784
Maximus
Inc
29,400
2,385
Mitek
Systems
Inc
(d)
284
4
NCR
Atleos
Corp
(d)
40,550
908
NetScout
Systems
Inc
(d)
8,597
185
NextNav
Inc
(d)
429
2
OneSpan
Inc
(d)
319
3
PAR
Technology
Corp
(d)
3,016
137
Parsons
Corp
(d)
2,775
181
System1
Inc
(d)
4,112
7
Tingo
Group
Inc
(d)
17,970
12
TTEC
Holdings
Inc
80,100
1,633
Unisys
Corp
(d)
8,368
56
Vuzix
Corp
(d),(e)
7,430
12
$
43,085
Consumer
Products
-
0
.15
%
ACCO
Brands
Corp
11,478
70
Central
Garden
&
Pet
Co
(d),(e)
27,388
1,285
Central
Garden
&
Pet
Co
-
A
Shares
(d)
4,853
200
Helen
of
Troy
Ltd
(d)
2,964
339
Quanex
Building
Products
Corp
4,065
127
$
2,021
Cosmetics
&
Personal
Care
-
0
.49
%
Coty
Inc
(d)
375,700
4,538
Edgewell
Personal
Care
Co
58,408
2,164
Waldencast
plc
(d)
4,533
32
$
6,734
Distribution
&
Wholesale
-
2
.44
%
A-Mark
Precious
Metals
Inc
2,319
63
Core
&
Main
Inc
(d)
349,445
14,436
EVI
Industries
Inc
82
2
G-III
Apparel
Group
Ltd
(d)
66,709
2,008
Global
Industrial
Co
15,649
665
Hudson
Technologies
Inc
(d)
4,567
58
MRC
Global
Inc
(d)
55,896
595
OPENLANE
Inc
(d)
13,334
188
Resideo
Technologies
Inc
(d)
91,167
1,529
Rush
Enterprises
Inc
-
Class
A
233,447
10,483
Rush
Enterprises
Inc
-
Class
B
1,144
54
ScanSource
Inc
(d)
37,433
1,470
ThredUp
Inc
(d)
7,951
16
Titan
Machinery
Inc
(d)
72,170
1,929
VSE
Corp
1,639
102
$
33,598
Diversified
Financial
Services
-
3
.62
%
Artisan
Partners
Asset
Management
Inc
201,015
8,422
Atlanticus
Holdings
Corp
(d)
565
20
BGC
Group
Inc
23,150
163
Bit
Digital
Inc
(d),(e)
9,306
25
Bread
Financial
Holdings
Inc
91,419
3,316
Brightsphere
Investment
Group
Inc
2,556
57
Columbia
Financial
Inc
(d)
2,196
39
Consumer
Portfolio
Services
Inc
(d)
1,016
9
Diamond
Hill
Investment
Group
Inc
6,500
1,037
Enact
Holdings
Inc
85,246
2,429
Encore
Capital
Group
Inc
(d)
2,851
143
Enova
International
Inc
(d)
3,583
195
Evercore
Inc
-
Class
A
6,900
1,185
Federal
Agricultural
Mortgage
Corp
946
176
Federated
Hermes
Inc
74,900
2,618
Finance
Of
America
Cos
Inc
(d)
7,452
6
Schedule
of
Investments
SmallCap
Value
Fund
II
January
31,
2024
(unaudited)
See
accompanying
notes.
264
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Diversified
Financial
Services
(continued)
First
Western
Financial
Inc
(d)
1,011
$
17
Forge
Global
Holdings
Inc
(d)
13,838
27
GCM
Grosvenor
Inc
480
4
Hamilton
Lane
Inc
1,841
213
Hannon
Armstrong
Sustainable
Infrastructure
Capital
Inc
12,075
287
Janus
Henderson
Group
PLC
90,700
2,609
LendingClub
Corp
(d)
13,248
119
LendingTree
Inc
(d)
1,030
33
Moelis
&
Co
163,084
8,965
Mr
Cooper
Group
Inc
(d)
36,166
2,437
Navient
Corp
139,770
2,407
Nelnet
Inc
1,597
139
Ocwen
Financial
Corp
(d)
801
23
OppFi
Inc
(d)
1,305
4
Pagseguro
Digital
Ltd
(d)
9,666
124
PennyMac
Financial
Services
Inc
2,952
257
Perella
Weinberg
Partners
107,400
1,262
Piper
Sandler
Cos
373
65
PRA
Group
Inc
(d)
4,817
110
Radian
Group
Inc
112,989
3,275
Regional
Management
Corp
866
21
Security
National
Financial
Corp
(d)
1,738
14
SLM
Corp
126,500
2,515
StoneX
Group
Inc
(d)
2,937
193
SWK
Holdings
Corp
(d)
465
8
Velocity
Financial
Inc
(d)
1,104
17
Victory
Capital
Holdings
Inc
379
13
Virtu
Financial
Inc
131,900
2,215
Virtus
Investment
Partners
Inc
10,849
2,562
World
Acceptance
Corp
(d)
474
62
$
49,837
Electric
-
1
.43
%
ALLETE
Inc
49,573
2,931
Altus
Power
Inc
(d)
7,963
43
Avista
Corp
78,734
2,678
Black
Hills
Corp
53,866
2,788
Genie
Energy
Ltd
1,166
22
MGE
Energy
Inc
2,210
142
Northwestern
Energy
Group
Inc
54,043
2,601
Ormat
Technologies
Inc
2,363
153
Otter
Tail
Corp
33,894
3,064
PNM
Resources
Inc
65,835
2,385
Portland
General
Electric
Co
69,705
2,853
Unitil
Corp
1,375
65
$
19,725
Electrical
Components
&
Equipment
-
0
.51
%
Belden
Inc
37,195
2,759
Blink
Charging
Co
(d)
3,543
9
Encore
Wire
Corp
1,864
420
Energizer
Holdings
Inc
58,400
1,847
EnerSys
348
33
ESS
Tech
Inc
(d),(e)
11,653
12
Insteel
Industries
Inc
51,600
1,787
nLight
Inc
(d)
5,496
71
Powell
Industries
Inc
1,125
133
$
7,071
Electronics
-
2
.79
%
Advanced
Energy
Industries
Inc
88,615
9,232
Atmus
Filtration
Technologies
Inc
(d),(e)
108,394
2,421
Avnet
Inc
47,700
2,161
Bel
Fuse
Inc
1,198
80
Benchmark
Electronics
Inc
24,359
660
Brady
Corp
32,000
1,927
Coherent
Corp
(d)
25,300
1,203
Comtech
Telecommunications
Corp
(d)
3,435
22
ESCO
Technologies
Inc
1,327
135
Evolv
Technologies
Holdings
Inc
(d),(e)
11,678
51
FARO
Technologies
Inc
(d)
2,168
49
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Electronics
(continued)
GoPro
Inc
(d)
15,897
$
47
Itron
Inc
(d)
38,099
2,749
Kimball
Electronics
Inc
(d)
73,965
1,759
Knowles
Corp
(d)
11,097
181
Mirion
Technologies
Inc
(d)
24,772
234
NVE
Corp
15,456
1,236
OSI
Systems
Inc
(d)
9,400
1,203
Plexus
Corp
(d)
23,487
2,225
Sanmina
Corp
(d)
54,056
3,233
Stoneridge
Inc
(d)
2,568
46
TTM
Technologies
Inc
(d)
168,988
2,351
Turtle
Beach
Corp
(d)
2,045
23
Vishay
Intertechnology
Inc
119,270
2,592
Vontier
Corp
73,400
2,539
$
38,359
Energy
-
Alternate
Sources
-
0
.16
%
Alto
Ingredients
Inc
(d)
650,400
1,197
Energy
Vault
Holdings
Inc
(d),(e)
12,474
19
Eos
Energy
Enterprises
Inc
(d),(e)
1,140
1
FuelCell
Energy
Inc
(d)
56,268
68
FutureFuel
Corp
3,291
19
Gevo
Inc
(d)
29,462
28
Green
Plains
Inc
(d)
5,907
122
Maxeon
Solar
Technologies
Ltd
(d),(e)
1,350
6
REX
American
Resources
Corp
(d)
16,573
686
Stem
Inc
(d),(e)
17,654
52
Sunnova
Energy
International
Inc
(d),(e)
6,742
71
Verde
Clean
Fuels
Inc
(d)
454
1
$
2,270
Engineering
&
Construction
-
0
.28
%
908
Devices
Inc
(d)
2,806
20
Arcosa
Inc
6,001
470
Concrete
Pumping
Holdings
Inc
(d)
1,507
12
Fluor
Corp
(d)
1,242
47
Granite
Construction
Inc
4,686
211
Great
Lakes
Dredge
&
Dock
Corp
(d)
8,138
62
INNOVATE
Corp
(d),(e)
6,222
6
Iteris
Inc
(d)
2,731
13
Latham
Group
Inc
(d)
4,964
13
Limbach
Holdings
Inc
(d)
935
40
Mistras
Group
Inc
(d)
2,626
20
NV5
Global
Inc
(d)
180
19
Primoris
Services
Corp
29,209
958
Southland
Holdings
Inc
(d)
376
2
Sterling
Infrastructure
Inc
(d)
460
34
Tutor
Perini
Corp
(d)
218,821
1,961
$
3,888
Entertainment
-
2
.09
%
Accel
Entertainment
Inc
(d)
176,200
1,806
Bally's
Corp
(d)
1,671
19
Cinemark
Holdings
Inc
(d)
2,221
31
Empire
Resorts
Inc
-
Escrow
(d),(f)
288
—
Everi
Holdings
Inc
(d)
173,826
1,810
International
Game
Technology
PLC
296,798
7,705
Light
&
Wonder
Inc
(d)
5,998
482
Lions
Gate
Entertainment
Corp
-
A
shares
(d)
2,345
24
Lions
Gate
Entertainment
Corp
-
B
shares
(d)
4,754
46
Madison
Square
Garden
Entertainment
Corp
(d)
737
25
Marriott
Vacations
Worldwide
Corp
28,600
2,399
Monarch
Casino
&
Resort
Inc
26,500
1,827
Red
Rock
Resorts
Inc
174,796
9,558
Reservoir
Media
Inc
(d)
2,503
17
SeaWorld
Entertainment
Inc
(d)
48,734
2,407
Six
Flags
Entertainment
Corp
(d)
25,630
646
$
28,802
Environmental
Control
-
0
.01
%
CECO
Environmental
Corp
(d)
3,703
72
Enviri
Corp
(d)
9,737
84
Li-Cycle
Holdings
Corp
(d)
17,568
7
Schedule
of
Investments
SmallCap
Value
Fund
II
January
31,
2024
(unaudited)
See
accompanying
notes.
265
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Environmental
Control
(continued)
PureCycle
Technologies
Inc
(d),(e)
11,496
$
45
$
208
Food
-
0
.42
%
B&G
Foods
Inc
191,956
1,931
Cal-Maine
Foods
Inc
12,636
701
Hain
Celestial
Group
Inc/The
(d)
88,232
945
HF
Foods
Group
Inc
(d)
5,076
25
Ingles
Markets
Inc
1,731
146
Krispy
Kreme
Inc
(e)
7,415
99
Mission
Produce
Inc
(d)
5,159
51
Nathan's
Famous
Inc
27
2
Natural
Grocers
by
Vitamin
Cottage
Inc
1,164
17
Seneca
Foods
Corp
-
Class
A
(d)
653
35
SpartanNash
Co
4,250
95
SunOpta
Inc
(d)
520
3
TreeHouse
Foods
Inc
(d)
5,588
235
United
Natural
Foods
Inc
(d)
7,229
108
Village
Super
Market
Inc
1,103
28
Weis
Markets
Inc
2,013
122
WK
Kellogg
Co
91,500
1,189
$
5,732
Forest
Products
&
Paper
-
0
.16
%
Glatfelter
Corp
(d)
6,172
9
Mercer
International
Inc
141,000
1,193
Sylvamo
Corp
22,300
1,035
$
2,237
Gas
-
1
.22
%
Brookfield
Infrastructure
Corp
13,226
463
Chesapeake
Utilities
Corp
957
97
New
Jersey
Resources
Corp
5,710
233
Northwest
Natural
Holding
Co
68,626
2,530
ONE
Gas
Inc
46,528
2,855
RGC
Resources
Inc
977
19
Southwest
Gas
Holdings
Inc
46,844
2,749
Spire
Inc
138,988
7,890
$
16,836
Hand
&
Machine
Tools
-
0
.59
%
Enerpac
Tool
Group
Corp
44,800
1,399
Franklin
Electric
Co
Inc
62,455
5,887
Kennametal
Inc
30,855
757
Luxfer
Holdings
PLC
3,510
29
$
8,072
Healthcare
-
Products
-
1
.11
%
Accuray
Inc
(d)
513
1
Adaptive
Biotechnologies
Corp
(d)
3,824
14
Alphatec
Holdings
Inc
(d)
6,698
108
AngioDynamics
Inc
(d)
4,817
28
Artivion
Inc
(d)
4,165
70
AtriCure
Inc
(d)
1,638
56
Avanos
Medical
Inc
(d)
5,694
109
BioLife
Solutions
Inc
(d)
322
6
Butterfly
Network
Inc
(d)
17,850
16
CareDx
Inc
(d)
6,480
56
Castle
Biosciences
Inc
(d)
1,918
44
ClearPoint
Neuro
Inc
(d)
149
1
Cutera
Inc
(d),(e)
2,234
6
CVRx
Inc
(d)
149
4
Embecta
Corp
6,426
110
Globus
Medical
Inc
(d)
170,705
9,012
Inari
Medical
Inc
(d)
463
26
Inmode
Ltd
(d)
106,900
2,532
Inogen
Inc
(d)
2,981
21
Integer
Holdings
Corp
(d)
4,102
416
LivaNova
PLC
(d)
6,277
306
MaxCyte
Inc
(d)
10,231
52
MiMedx
Group
Inc
(d)
14,249
110
NanoString
Technologies
Inc
(d)
571
—
Nautilus
Biotechnology
Inc
(d)
6,366
18
Neogen
Corp
(d)
26,980
418
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Healthcare
-
Products
(continued)
Nevro
Corp
(d)
2,900
$
48
OmniAb
Inc
(d)
11,601
67
Omnicell
Inc
(d)
2,784
90
OraSure
Technologies
Inc
(d)
8,877
65
Orthofix
Medical
Inc
(d)
4,443
62
OrthoPediatrics
Corp
(d)
275
7
Pacific
Biosciences
of
California
Inc
(d)
14,147
92
Patterson
Cos
Inc
8,331
249
Pulse
Biosciences
Inc
(d),(e)
1,502
13
Quanterix
Corp
(d)
3,638
80
Quantum-Si
Inc
(d),(e)
12,811
20
Utah
Medical
Products
Inc
7,526
596
Varex
Imaging
Corp
(d)
4,793
92
Vicarious
Surgical
Inc
(d)
3,926
2
Zimvie
Inc
(d)
3,258
57
Zynex
Inc
(d),(e)
19,000
225
$
15,305
Healthcare
-
Services
-
1
.69
%
23andMe
Holding
Co
(d)
38,355
28
Acadia
Healthcare
Co
Inc
(d)
80,445
6,608
Accolade
Inc
(d)
392
4
Addus
HomeCare
Corp
(d)
1,013
88
Agiliti
Inc
(d)
394
3
Amedisys
Inc
(d)
60,170
5,672
American
Well
Corp
(d)
31,375
33
Aveanna
Healthcare
Holdings
Inc
(d)
4,895
11
Brookdale
Senior
Living
Inc
(d)
23,075
126
Cano
Health
Inc
(d),(e)
325
1
CareMax
Inc
(d)
11,058
4
Community
Health
Systems
Inc
(d)
15,580
57
Enhabit
Inc
(d)
6,252
63
Fulgent
Genetics
Inc
(d)
2,559
63
HealthEquity
Inc
(d)
101,095
7,641
Invitae
Corp
(d),(e)
3,795
2
LifeStance
Health
Group
Inc
(d)
6,165
37
Nano-X
Imaging
Ltd
(d),(e)
5,370
29
National
HealthCare
Corp
6,165
574
OPKO
Health
Inc
(d)
48,271
49
Oscar
Health
Inc
(d)
17,978
225
Pediatrix
Medical
Group
Inc
(d)
10,472
98
Select
Medical
Holdings
Corp
70,300
1,827
Surgery
Partners
Inc
(d)
862
26
$
23,269
Home
Builders
-
2
.65
%
Beazer
Homes
USA
Inc
(d)
3,629
115
Century
Communities
Inc
20,460
1,774
Dream
Finders
Homes
Inc
(d)
1,815
60
Forestar
Group
Inc
(d)
2,247
70
Green
Brick
Partners
Inc
(d)
16,161
844
Hovnanian
Enterprises
Inc
(d)
605
102
Installed
Building
Products
Inc
77,020
15,007
KB
Home
33,134
1,974
Landsea
Homes
Corp
(d)
2,535
32
LCI
Industries
1,900
211
LGI
Homes
Inc
(d)
2,384
281
M/I
Homes
Inc
(d)
17,545
2,236
MDC
Holdings
Inc
7,435
465
Meritage
Homes
Corp
4,516
748
Skyline
Champion
Corp
(d)
143,727
9,843
Taylor
Morrison
Home
Corp
(d)
12,873
671
Tri
Pointe
Homes
Inc
(d)
51,009
1,761
United
Homes
Group
Inc
(d)
651
5
Winnebago
Industries
Inc
3,573
235
$
36,434
Home
Furnishings
-
0
.17
%
Daktronics
Inc
(d)
4,791
36
Ethan
Allen
Interiors
Inc
2,808
82
Hooker
Furnishings
Corp
1,333
31
iRobot
Corp
(d),(e)
359
5
Schedule
of
Investments
SmallCap
Value
Fund
II
January
31,
2024
(unaudited)
See
accompanying
notes.
266
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Home
Furnishings
(continued)
Leggett
&
Platt
Inc
78,400
$
1,820
MillerKnoll
Inc
9,104
242
Purple
Innovation
Inc
7,936
8
Sleep
Number
Corp
(d)
1,264
13
Snap
One
Holdings
Corp
(d)
2,437
19
Traeger
Inc
(d)
4,949
11
Vizio
Holding
Corp
(d)
876
6
VOXX
International
Corp
(d)
1,474
12
Xperi
Inc
(d)
5,395
58
$
2,343
Insurance
-
5
.00
%
Ambac
Financial
Group
Inc
(d)
117,670
1,912
American
Coastal
Insurance
Corp
(d)
2,467
29
American
Equity
Investment
Life
Holding
Co
(d)
9,747
538
AMERISAFE
Inc
1,135
57
Assured
Guaranty
Ltd
24,600
1,996
Axis
Capital
Holdings
Ltd
32,600
1,940
Brighthouse
Financial
Inc
(d)
35,100
1,817
CNO
Financial
Group
Inc
102,701
2,791
Donegal
Group
Inc
1,953
29
eHealth
Inc
(d)
2,329
16
Employers
Holdings
Inc
65,319
2,725
Enstar
Group
Ltd
(d)
9,650
2,575
Essent
Group
Ltd
61,791
3,409
F&G
Annuities
&
Life
Inc
2,171
97
Fidelis
Insurance
Holdings
Ltd
(d)
1,439
19
First
American
Financial
Corp
227,235
13,714
Genworth
Financial
Inc
(d)
57,192
353
GoHealth
Inc
(d)
511
6
Greenlight
Capital
Re
Ltd
(d)
3,202
36
Hanover
Insurance
Group
Inc/The
9,800
1,294
Hippo
Holdings
Inc
(d),(e)
1,457
13
Horace
Mann
Educators
Corp
83,162
3,063
Investors
Title
Co
127
21
Jackson
Financial
Inc
10,248
513
James
River
Group
Holdings
Ltd
4,764
46
Kemper
Corp
42,000
2,520
Lemonade
Inc
(d),(e)
5,264
83
Lincoln
National
Corp
50,700
1,392
Maiden
Holdings
Ltd
(d)
11,430
20
MBIA
Inc
5,752
35
Mercury
General
Corp
35,606
1,426
MGIC
Investment
Corp
102,200
2,028
National
Western
Life
Group
Inc
283
137
NI
Holdings
Inc
(d)
1,042
14
NMI
Holdings
Inc
(d)
95,280
3,041
ProAssurance
Corp
103,518
1,393
Safety
Insurance
Group
Inc
15,969
1,330
Selective
Insurance
Group
Inc
91,685
9,614
Selectquote
Inc
(d)
17,185
19
SiriusPoint
Ltd
(d)
106,475
1,257
Skyward
Specialty
Insurance
Group
Inc
(d)
2,110
66
Stewart
Information
Services
Corp
42,987
2,651
Tiptree
Inc
2,110
40
United
Fire
Group
Inc
2,623
59
Universal
Insurance
Holdings
Inc
2,394
40
White
Mountains
Insurance
Group
Ltd
1,740
2,742
$
68,916
Internet
-
0
.36
%
1-800-Flowers.com
Inc
(d)
3,270
34
Allbirds
Inc
(d)
12,147
12
BARK
Inc
(d)
16,811
17
Beyond
Inc
(d)
5,551
122
Blade
Air
Mobility
Inc
(d),(e)
7,496
22
Bumble
Inc
(d)
12,539
172
Cogent
Communications
Holdings
Inc
2,028
156
ContextLogic
Inc
(d),(e)
2,832
12
DHI
Group
Inc
(d)
5,567
13
Entravision
Communications
Corp
144,200
581
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Internet
(continued)
ePlus
Inc
(d)
28,616
$
2,161
Eventbrite
Inc
(d)
1,092
9
EverQuote
Inc
(d)
181
2
Figs
Inc
(d)
1,887
11
fuboTV
Inc
(d)
35,072
87
HealthStream
Inc
1,750
47
Lands'
End
Inc
(d)
1,870
18
Liquidity
Services
Inc
(d)
1,184
21
Magnite
Inc
(d),(e)
9,603
85
MediaAlpha
Inc
(d)
474
6
Mondee
Holdings
Inc
(d),(e)
677
2
Nextdoor
Holdings
Inc
(d)
7,493
11
Open
Lending
Corp
(d)
833
6
Opendoor
Technologies
Inc
(d)
65,111
223
Revolve
Group
Inc
(d)
39,400
568
Solo
Brands
Inc
(d),(e)
594
2
Squarespace
Inc
(d)
4,317
134
Stitch
Fix
Inc
(d)
5,630
18
TrueCar
Inc
(d)
11,128
39
Tucows
Inc
(d)
767
18
Vivid
Seats
Inc
(d)
2,254
13
Ziff
Davis
Inc
(d)
4,387
296
$
4,918
Investment
Companies
-
0
.03
%
Cannae
Holdings
Inc
(d)
8,469
171
Compass
Diversified
Holdings
7,825
173
FTAI
Infrastructure
Inc
12,567
54
$
398
Iron
&
Steel
-
0
.15
%
Carpenter
Technology
Corp
6,077
374
Commercial
Metals
Co
14,508
757
Haynes
International
Inc
12,821
714
Schnitzer
Steel
Industries
Inc
3,184
84
Worthington
Steel
Inc
3,804
114
$
2,043
Leisure
Products
&
Services
-
0
.33
%
Bowlero
Corp
(e)
311
3
Clarus
Corp
3,389
20
Escalade
Inc
1,179
19
Johnson
Outdoors
Inc
36,748
1,645
Life
Time
Group
Holdings
Inc
(d)
3,819
51
Lindblad
Expeditions
Holdings
Inc
(d)
3,998
37
Malibu
Boats
Inc
(d)
949
40
Topgolf
Callaway
Brands
Corp
(d)
17,788
234
Virgin
Galactic
Holdings
Inc
(d),(e)
18,115
32
Vista
Outdoor
Inc
(d)
85,544
2,401
Xponential
Fitness
Inc
(d)
531
6
$
4,488
Lodging
-
0
.28
%
Century
Casinos
Inc
(d)
403
1
Full
House
Resorts
Inc
(d)
468
2
Hilton
Grand
Vacations
Inc
(d)
43,500
1,814
Marcus
Corp/The
3,107
42
Travel
+
Leisure
Co
48,800
1,973
$
3,832
Machinery
-
Construction
&
Mining
-
0
.43
%
Argan
Inc
1,560
69
Astec
Industries
Inc
2,788
100
Babcock
&
Wilcox
Enterprises
Inc
(d)
6,712
9
BWX
Technologies
Inc
66,815
5,444
Manitowoc
Co
Inc/The
(d)
4,294
69
Terex
Corp
3,438
211
$
5,902
Machinery
-
Diversified
-
2
.12
%
Alamo
Group
Inc
53,250
11,304
Albany
International
Corp
13,473
1,198
Cactus
Inc
56,800
2,411
Chart
Industries
Inc
(d)
2,072
242
Schedule
of
Investments
SmallCap
Value
Fund
II
January
31,
2024
(unaudited)
See
accompanying
notes.
267
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Machinery
-
Diversified
(continued)
Columbus
McKinnon
Corp/NY
54,684
$
2,136
DXP
Enterprises
Inc/TX
(d)
1,716
55
Eastman
Kodak
Co
(d)
6,981
24
Flowserve
Corp
62,800
2,508
Gates
Industrial
Corp
PLC
(d)
191,800
2,470
Gencor
Industries
Inc
(d)
1,315
20
Gorman-Rupp
Co/The
2,187
73
GrafTech
International
Ltd
72,773
97
Ichor
Holdings
Ltd
(d)
3,510
127
Intevac
Inc
(d)
3,556
15
Lindsay
Corp
9,400
1,223
Mueller
Water
Products
Inc
-
Class
A
120,200
1,648
Tennant
Co
7,874
745
Thermon
Group
Holdings
Inc
(d)
74,731
2,449
Zurn
Elkay
Water
Solutions
Corp
14,674
435
$
29,180
Media
-
0
.26
%
AMC
Networks
Inc
(d)
3,832
69
EW
Scripps
Co/The
(d)
3,800
30
Gannett
Co
Inc
(d)
18,236
45
Gray
Television
Inc
9,627
92
iHeartMedia
Inc
(d)
13,042
35
Liberty
Latin
America
Ltd
-
Class
A
(d)
4,373
31
Liberty
Latin
America
Ltd
-
Class
C
(d)
16,994
121
Scholastic
Corp
3,293
127
Sinclair
Inc
3,464
55
Sphere
Entertainment
Co
(d)
3,257
115
TEGNA
Inc
179,086
2,792
Thryv
Holdings
Inc
(d)
3,866
79
Urban
One
Inc
(d)
881
3
Urban
One
Inc
(d)
1,367
5
Value
Line
Inc
8
1
WideOpenWest
Inc
(d)
6,547
24
$
3,624
Metal
Fabrication
&
Hardware
-
2
.65
%
Advanced
Drainage
Systems
Inc
57,000
7,434
AZZ
Inc
43,447
2,713
Hillman
Solutions
Corp
(d)
24,178
213
Janus
International
Group
Inc
(d)
951,125
13,458
Mayville
Engineering
Co
Inc
(d)
1,288
16
Mueller
Industries
Inc
59,725
2,867
Northwest
Pipe
Co
(d)
1,195
36
Olympic
Steel
Inc
1,201
81
Park-Ohio
Holdings
Corp
1,050
26
Proto
Labs
Inc
(d)
3,244
117
Ryerson
Holding
Corp
3,215
110
Standex
International
Corp
280
41
TimkenSteel
Corp
(d)
5,420
112
Tredegar
Corp
353,827
1,674
Valmont
Industries
Inc
29,755
6,716
Worthington
Enterprises
Inc
13,704
782
Xometry
Inc
(d),(e)
3,706
119
$
36,515
Mining
-
0
.36
%
5E
Advanced
Materials
Inc
(d)
562
1
Caledonia
Mining
Corp
PLC
2,063
22
Centrus
Energy
Corp
(d)
1,491
75
Coeur
Mining
Inc
(d)
41,017
110
Compass
Minerals
International
Inc
72,200
1,624
Constellium
SE
(d)
6,028
113
Contango
ORE
Inc
(d)
493
8
Dakota
Gold
Corp
(d)
1,865
4
Encore
Energy
Corp
(d)
18,123
84
Energy
Fuels
Inc/Canada
(d),(e)
2,728
21
Hecla
Mining
Co
59,804
228
i-80
Gold
Corp
(d)
22,755
36
Kaiser
Aluminum
Corp
30,468
1,977
Lifezone
Metals
Ltd
(d),(e)
38,400
231
Piedmont
Lithium
Inc
(d)
1,439
22
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Mining
(continued)
Uranium
Energy
Corp
(d)
46,774
$
357
$
4,913
Miscellaneous
Manufacturers
-
2
.39
%
AMMO
Inc
(d)
11,382
25
Core
Molding
Technologies
Inc
(d)
34,955
605
Enpro
Inc
2,597
388
Fabrinet
(d)
67,369
14,384
Federal
Signal
Corp
71,340
5,492
Hillenbrand
Inc
61,100
2,846
LSB
Industries
Inc
(d)
6,758
50
Materion
Corp
65,010
7,604
Myers
Industries
Inc
64,600
1,211
NL
Industries
Inc
795
4
Park
Aerospace
Corp
2,332
34
Smith
&
Wesson
Brands
Inc
5,701
75
Sturm
Ruger
&
Co
Inc
193
8
Trinity
Industries
Inc
8,193
206
$
32,932
Office
&
Business
Equipment
-
0
.02
%
Xerox
Holdings
Corp
14,449
267
Office
Furnishings
-
0
.19
%
CompX
International
Inc
151
4
HNI
Corp
5,168
210
Interface
Inc
183,441
2,277
Steelcase
Inc
11,465
145
$
2,636
Oil
&
Gas
-
5
.64
%
Amplify
Energy
Corp
(d)
4,572
28
Antero
Resources
Corp
(d)
197,730
4,417
Baytex
Energy
Corp
(e)
766,971
2,439
Berry
Corp
337,990
2,268
California
Resources
Corp
54,837
2,615
Callon
Petroleum
Co
(d)
81,969
2,633
Chord
Energy
Corp
54,276
8,346
Civitas
Resources
Inc
10,033
650
CNX
Resources
Corp
(d)
19,363
391
Comstock
Resources
Inc
11,441
89
Crescent
Energy
Co
214,467
2,370
CVR
Energy
Inc
355
12
Delek
US
Holdings
Inc
7,935
214
Diamond
Offshore
Drilling
Inc
(d)
12,641
154
Granite
Ridge
Resources
Inc
4,285
23
Gulfport
Energy
Corp
(d)
1,389
176
Helmerich
&
Payne
Inc
12,055
485
HighPeak
Energy
Inc
(e)
181
2
Kosmos
Energy
Ltd
(d)
344,621
2,088
Magnolia
Oil
&
Gas
Corp
1,471
30
Matador
Resources
Co
141,910
7,790
Murphy
Oil
Corp
212,916
8,240
Nabors
Industries
Ltd
(d)
114
10
Noble
Corp
PLC
2,350
104
Northern
Oil
&
Gas
Inc
64,709
2,168
Par
Pacific
Holdings
Inc
(d)
56,095
2,053
Patterson-UTI
Energy
Inc
604,420
6,703
PBF
Energy
Inc
13,835
699
Permian
Resources
Corp
704,283
9,494
Precision
Drilling
Corp
(d)
40,000
2,475
PrimeEnergy
Resources
Corp
(d)
92
9
Ring
Energy
Inc
(d)
15,139
21
SandRidge
Energy
Inc
3,955
58
Seadrill
Ltd
(d)
6,238
270
SilverBow
Resources
Inc
(d)
2,299
61
Sitio
Royalties
Corp
5,625
120
SM
Energy
Co
14,604
542
Talos
Energy
Inc
(d)
186,455
2,418
Tellurian
Inc
(d),(e)
63,708
32
VAALCO
Energy
Inc
408,083
1,739
Vertex
Energy
Inc
(d)
522,900
763
Vital
Energy
Inc
(d)
55,457
2,430
Schedule
of
Investments
SmallCap
Value
Fund
II
January
31,
2024
(unaudited)
See
accompanying
notes.
268
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Oil
&
Gas
(continued)
Vitesse
Energy
Inc
3,130
$
66
$
77,695
Oil
&
Gas
Services
-
1
.42
%
Archrock
Inc
14,101
230
Aris
Water
Solutions
Inc
3,361
29
Atlas
Energy
Solutions
Inc
1,845
32
Bristow
Group
Inc
(d)
2,904
77
Core
Laboratories
Inc
78,675
1,241
DMC
Global
Inc
(d)
1,721
29
DNOW
Inc
(d)
62,385
629
Dril-Quip
Inc
(d)
87,040
1,747
Expro
Group
Holdings
NV
(d)
137,860
2,426
Forum
Energy
Technologies
Inc
(d)
66,870
1,318
Helix
Energy
Solutions
Group
Inc
(d)
140,518
1,321
KLX
Energy
Services
Holdings
Inc
(d)
1,457
14
Kodiak
Gas
Services
Inc
1,346
32
Liberty
Energy
Inc
122,691
2,551
Mammoth
Energy
Services
Inc
(d)
2,938
10
National
Energy
Services
Reunited
Corp
(d)
213,300
1,578
Newpark
Resources
Inc
(d)
197,475
1,282
Oil
States
International
Inc
(d)
7,520
46
ProFrac
Holding
Corp
(d),(e)
83,005
657
ProPetro
Holding
Corp
(d)
209,621
1,774
Ranger
Energy
Services
Inc
1,839
19
RPC
Inc
10,583
77
SEACOR
Marine
Holdings
Inc
(d)
2,907
31
Select
Water
Solutions
Inc
92,148
716
Solaris
Oilfield
Infrastructure
Inc
211,755
1,588
US
Silica
Holdings
Inc
(d)
9,387
101
$
19,555
Packaging
&
Containers
-
0
.26
%
Clearwater
Paper
Corp
(d)
1,995
66
Greif
Inc
-
Class
A
3,003
188
Greif
Inc
-
Class
B
632
40
O-I
Glass
Inc
(d)
2,950
43
Pactiv
Evergreen
Inc
4,921
72
Ranpak
Holdings
Corp
(d)
5,453
22
Silgan
Holdings
Inc
27,900
1,282
TriMas
Corp
78,303
1,932
$
3,645
Pharmaceuticals
-
0
.55
%
ACELYRIN
Inc
(d)
2,278
17
AdaptHealth
Corp
(d)
5,839
42
Agios
Pharmaceuticals
Inc
(d)
6,896
156
Amneal
Pharmaceuticals
Inc
(d)
15,162
81
Anika
Therapeutics
Inc
(d)
1,832
43
Arvinas
Inc
(d)
310
13
Assertio
Holdings
Inc
(d),(e)
11,167
10
BellRing
Brands
Inc
(d)
11,987
663
Beyond
Air
Inc
(d)
349
1
Biote
Corp
(d)
799
3
Citius
Pharmaceuticals
Inc
(d)
15,270
9
Coherus
Biosciences
Inc
(d),(e)
2,529
5
CorMedix
Inc
(d),(e)
340
1
Eagle
Pharmaceuticals
Inc/DE
(d)
1,522
9
Enanta
Pharmaceuticals
Inc
(d)
2,188
27
Enliven
Therapeutics
Inc
(d)
2,991
47
Fennec
Pharmaceuticals
Inc
(d),(e)
1,703
17
Gritstone
bio
Inc
(d)
11,206
27
Herbalife
Ltd
(d)
189,482
2,283
Heron
Therapeutics
Inc
(d),(e)
855
2
Immuneering
Corp
(d)
506
3
Ironwood
Pharmaceuticals
Inc
(d)
10,244
145
KalVista
Pharmaceuticals
Inc
(d)
3,890
61
Kura
Oncology
Inc
(d)
8,722
176
Longboard
Pharmaceuticals
Inc
(d)
1,264
27
Lyell
Immunopharma
Inc
(d)
21,860
40
MannKind
Corp
(d)
6,101
20
Morphic
Holding
Inc
(d)
549
17
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Pharmaceuticals
(continued)
Nature's
Sunshine
Products
Inc
(d)
1,649
$
29
ORIC
Pharmaceuticals
Inc
(d)
4,906
54
Owens
&
Minor
Inc
(d)
9,159
181
PetIQ
Inc
(d)
621
11
Phibro
Animal
Health
Corp
126,825
1,371
PMV
Pharmaceuticals
Inc
(d)
4,849
9
Prestige
Consumer
Healthcare
Inc
(d)
6,161
379
Protagonist
Therapeutics
Inc
(d)
2,672
67
Reneo
Pharmaceuticals
Inc
(d)
355
1
Sagimet
Biosciences
Inc
(d)
404
4
Seres
Therapeutics
Inc
(d)
4,528
5
SIGA
Technologies
Inc
(e)
186,484
910
Taro
Pharmaceutical
Industries
Ltd
(d)
995
43
Trevi
Therapeutics
Inc
(d)
5,804
8
USANA
Health
Sciences
Inc
(d)
9,600
449
Vanda
Pharmaceuticals
Inc
(d)
6,805
24
Y-mAbs
Therapeutics
Inc
(d)
2,468
32
$
7,522
Pipelines
-
0
.33
%
Equitrans
Midstream
Corp
297,568
3,032
Excelerate
Energy
Inc
586
9
Golar
LNG
Ltd
11,578
253
Kinetik
Holdings
Inc
39,780
1,293
$
4,587
Private
Equity
-
0
.00
%
Chicago
Atlantic
Real
Estate
Finance
Inc
2,051
33
Real
Estate
-
1
.56
%
American
Realty
Investors
Inc
(d)
142
3
Angel
Oak
Mortgage
REIT
Inc
1,490
16
Anywhere
Real
Estate
Inc
(d)
12,160
87
Compass
Inc
(d)
5,122
18
Cushman
&
Wakefield
PLC
(d)
896,901
9,435
Douglas
Elliman
Inc
43,111
93
FRP
Holdings
Inc
(d)
842
49
Kennedy-Wilson
Holdings
Inc
14,785
154
Legacy
Housing
Corp
(d)
1,241
29
Marcus
&
Millichap
Inc
1,812
69
Maui
Land
&
Pineapple
Co
Inc
(d)
99
2
McGrath
RentCorp
71,070
8,930
Newmark
Group
Inc
16,997
172
RE/MAX
Holdings
Inc
2,116
23
RMR
Group
Inc/The
583
15
Seritage
Growth
Properties
(d)
258,349
2,364
Star
Holdings
(d)
1,626
19
Stratus
Properties
Inc
(d)
698
16
Transcontinental
Realty
Investors
Inc
(d)
198
8
$
21,502
REITs
-
6
.46
%
Acadia
Realty
Trust
11,539
197
AFC
Gamma
Inc
2,053
24
AGNC
Investment
Corp
831,505
7,883
Alexander
&
Baldwin
Inc
8,949
155
Alexander's
Inc
9,200
2,022
Alpine
Income
Property
Trust
Inc
1,512
24
American
Assets
Trust
Inc
6,011
135
Apartment
Investment
and
Management
Co
(d)
18,066
134
Apollo
Commercial
Real
Estate
Finance
Inc
131,606
1,469
Apple
Hospitality
REIT
Inc
26,669
428
Arbor
Realty
Trust
Inc
22,757
303
Ares
Commercial
Real
Estate
Corp
117,355
1,116
Armada
Hoffler
Properties
Inc
8,309
99
ARMOUR
Residential
REIT
Inc
6,052
115
Blackstone
Mortgage
Trust
Inc
21,341
421
Braemar
Hotels
&
Resorts
Inc
8,260
19
Brandywine
Realty
Trust
21,037
100
BrightSpire
Capital
Inc
181,430
1,298
Broadstone
Net
Lease
Inc
23,245
374
BRT
Apartments
Corp
1,418
24
CareTrust
REIT
Inc
11,229
235
Schedule
of
Investments
SmallCap
Value
Fund
II
January
31,
2024
(unaudited)
See
accompanying
notes.
269
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
REITs
(continued)
CBL
&
Associates
Properties
Inc
833
$
19
Centerspace
1,862
102
Chatham
Lodging
Trust
6,000
63
Chimera
Investment
Corp
28,118
135
City
Office
REIT
Inc
4,904
26
Claros
Mortgage
Trust
Inc
11,279
132
Clipper
Realty
Inc
188
1
Community
Healthcare
Trust
Inc
1,105
28
COPT
Defense
Properties
13,983
329
CTO
Realty
Growth
Inc
2,811
46
DiamondRock
Hospitality
Co
26,006
238
Diversified
Healthcare
Trust
29,552
85
Douglas
Emmett
Inc
19,935
270
Dynex
Capital
Inc
6,953
85
Easterly
Government
Properties
Inc
11,832
145
Ellington
Financial
Inc
9,299
114
Elme
Communities
10,924
158
Empire
State
Realty
Trust
Inc
275,907
2,626
Equity
Commonwealth
356,419
6,811
Essential
Properties
Realty
Trust
Inc
17,187
428
Farmland
Partners
Inc
5,498
62
Four
Corners
Property
Trust
Inc
9,947
233
Franklin
BSP
Realty
Trust
Inc
10,333
132
Getty
Realty
Corp
5,875
163
Gladstone
Commercial
Corp
4,132
53
Gladstone
Land
Corp
4,170
59
Global
Medical
REIT
Inc
7,547
76
Global
Net
Lease
Inc
24,178
204
Granite
Point
Mortgage
Trust
Inc
199,908
1,122
Great
Ajax
Corp
112,553
663
Hudson
Pacific
Properties
Inc
17,154
141
Independence
Realty
Trust
Inc
27,907
410
Innovative
Industrial
Properties
Inc
3,449
322
InvenTrust
Properties
Corp
8,387
208
Invesco
Mortgage
Capital
Inc
5,656
50
JBG
SMITH
Properties
12,521
200
Kite
Realty
Group
Trust
26,969
577
KKR
Real
Estate
Finance
Trust
Inc
7,338
90
Ladder
Capital
Corp
14,070
154
LTC
Properties
Inc
5,045
157
LXP
Industrial
Trust
35,846
326
Macerich
Co/The
26,730
422
MFA
Financial
Inc
597,201
6,611
National
Health
Investors
Inc
4,640
247
National
Storage
Affiliates
Trust
252,245
9,421
NETSTREIT
Corp
8,530
155
New
York
Mortgage
Trust
Inc
11,331
89
NexPoint
Diversified
Real
Estate
Trust
3,834
26
Nexpoint
Real
Estate
Finance
Inc
1,038
15
NexPoint
Residential
Trust
Inc
1,979
60
NNN
REIT
Inc
247,250
9,974
Office
Properties
Income
Trust
5,863
22
One
Liberty
Properties
Inc
2,036
41
Orchid
Island
Capital
Inc
6,624
53
Orion
Office
REIT
Inc
6,977
36
Outfront
Media
Inc
9,779
127
Paramount
Group
Inc
22,970
109
Park
Hotels
&
Resorts
Inc
160,800
2,425
Peakstone
Realty
Trust
4,469
65
Pebblebrook
Hotel
Trust
170,990
2,603
PennyMac
Mortgage
Investment
Trust
342,511
4,912
Phillips
Edison
&
Co
Inc
12,124
421
Physicians
Realty
Trust
29,437
360
Piedmont
Office
Realty
Trust
Inc
15,259
104
Plymouth
Industrial
REIT
Inc
5,432
120
Postal
Realty
Trust
Inc
2,561
36
PotlatchDeltic
Corp
9,794
438
Ready
Capital
Corp
19,791
185
Redwood
Trust
Inc
14,069
94
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
REITs
(continued)
Retail
Opportunity
Investments
Corp
15,234
$
207
RLJ
Lodging
Trust
19,151
222
Sabra
Health
Care
REIT
Inc
28,630
382
Safehold
Inc
5,989
119
Saul
Centers
Inc
101
4
Service
Properties
Trust
20,479
158
SITE
Centers
Corp
23,570
314
SL
Green
Realty
Corp
8,020
361
STAG
Industrial
Inc
295,165
10,903
Summit
Hotel
Properties
Inc
12,983
84
Sunstone
Hotel
Investors
Inc
25,763
275
Tanger
Inc
6,698
180
Terreno
Realty
Corp
10,303
615
TPG
RE
Finance
Trust
Inc
178,738
1,088
Two
Harbors
Investment
Corp
12,084
151
UMH
Properties
Inc
6,100
92
Uniti
Group
Inc
29,575
156
Urban
Edge
Properties
14,195
245
Veris
Residential
Inc
9,836
150
Whitestone
REIT
6,061
78
Xenia
Hotels
&
Resorts
Inc
13,266
177
$
88,950
Retail
-
5
.35
%
Abercrombie
&
Fitch
Co
(d)
2,932
299
Academy
Sports
&
Outdoors
Inc
94,880
5,952
Advance
Auto
Parts
Inc
23,800
1,591
American
Eagle
Outfitters
Inc
17,502
347
America's
Car-Mart
Inc/TX
(d)
729
44
Asbury
Automotive
Group
Inc
(d)
11,040
2,308
Beacon
Roofing
Supply
Inc
(d)
146,065
12,107
Big
5
Sporting
Goods
Corp
2,712
14
Big
Lots
Inc
3,744
22
Biglari
Holdings
Inc
(d)
94
15
BJ's
Restaurants
Inc
(d)
1,030
36
Bloomin'
Brands
Inc
76,300
2,031
BlueLinx
Holdings
Inc
(d)
1,067
123
Brinker
International
Inc
(d)
36,649
1,568
Build-A-Bear
Workshop
Inc
360
8
Caleres
Inc
4,186
131
Carrols
Restaurant
Group
Inc
4,620
43
Carvana
Co
(d)
6,647
286
Cato
Corp/The
2,230
15
Children's
Place
Inc/The
(d)
1,446
32
Chuy's
Holdings
Inc
(d)
408
14
Clean
Energy
Fuels
Corp
(d)
21,107
62
Dave
&
Buster's
Entertainment
Inc
(d)
28,100
1,504
Denny's
Corp
(d)
120,956
1,285
Designer
Brands
Inc
(e)
144,432
1,238
Destination
XL
Group
Inc
(d)
7,020
30
Dine
Brands
Global
Inc
41,516
1,937
Duluth
Holdings
Inc
(d)
1,769
9
El
Pollo
Loco
Holdings
Inc
(d)
149,755
1,387
EVgo
Inc
(d),(e)
11,183
26
First
Watch
Restaurant
Group
Inc
(d)
1,628
35
Foot
Locker
Inc
(e)
176,170
4,961
Genesco
Inc
(d)
35,591
989
GMS
Inc
(d)
3,467
292
Group
1
Automotive
Inc
10,025
2,607
GrowGeneration
Corp
(d)
7,405
17
Guess?
Inc
3,066
69
Haverty
Furniture
Cos
Inc
57,346
1,944
Hibbett
Inc
30,138
2,009
J
Jill
Inc
(d)
602
14
La-Z-Boy
Inc
57,169
1,990
Lazydays
Holdings
Inc
(d)
961
5
Leslie's
Inc
(d)
284,958
1,912
LL
Flooring
Holdings
Inc
(d)
297,300
773
MarineMax
Inc
(d)
55,524
1,554
Movado
Group
Inc
1,828
50
Schedule
of
Investments
SmallCap
Value
Fund
II
January
31,
2024
(unaudited)
See
accompanying
notes.
270
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Retail
(continued)
National
Vision
Holdings
Inc
(d)
8,912
$
169
Nu
Skin
Enterprises
Inc
79,911
1,483
ODP
Corp/The
(d)
4,000
205
OneWater
Marine
Inc
(d)
82,200
2,074
Papa
John's
International
Inc
889
65
Patrick
Industries
Inc
2,309
232
PC
Connection
Inc
1,417
91
PetMed
Express
Inc
172,877
1,074
PriceSmart
Inc
902
69
Sally
Beauty
Holdings
Inc
(d)
662
8
Savers
Value
Village
Inc
(d)
1,614
30
Shoe
Carnival
Inc
2,290
58
Signet
Jewelers
Ltd
110,499
10,993
Sonic
Automotive
Inc
47,294
2,391
Sportsman's
Warehouse
Holdings
Inc
(d)
4,759
18
Sweetgreen
Inc
(d)
2,369
25
Tile
Shop
Holdings
Inc
(d)
3,628
24
Tilly's
Inc
(d)
2,818
21
Urban
Outfitters
Inc
(d)
5,239
199
Vera
Bradley
Inc
(d)
3,303
25
Winmark
Corp
355
128
Zumiez
Inc
(d)
33,195
570
$
73,637
Savings
&
Loans
-
1
.60
%
Axos
Financial
Inc
(d)
6,057
336
Banc
of
California
Inc
185,544
2,557
Berkshire
Hills
Bancorp
Inc
55,043
1,321
Brookline
Bancorp
Inc
225,783
2,443
Capitol
Federal
Financial
Inc
203,376
1,289
ESSA
Bancorp
Inc
1,115
21
Flushing
Financial
Corp
129,399
2,074
FS
Bancorp
Inc
16,864
620
Greene
County
Bancorp
Inc
462
11
Hingham
Institution
For
Savings
The
(e)
188
35
Home
Bancorp
Inc
16,659
663
HomeTrust
Bancshares
Inc
1,459
40
Northfield
Bancorp
Inc
114,208
1,374
Northwest
Bancshares
Inc
15,830
196
OceanFirst
Financial
Corp
112,594
1,940
Pacific
Premier
Bancorp
Inc
60,139
1,526
Provident
Financial
Services
Inc
125,929
2,084
Southern
Missouri
Bancorp
Inc
1,184
52
Territorial
Bancorp
Inc
41,968
451
Timberland
Bancorp
Inc/WA
925
26
WaFd
Inc
87,776
2,549
Waterstone
Financial
Inc
2,233
30
WSFS
Financial
Corp
7,565
337
$
21,975
Semiconductors
-
2
.20
%
ACM
Research
Inc
(d)
5,032
87
Alpha
&
Omega
Semiconductor
Ltd
(d)
2,895
74
Ambarella
Inc
(d)
1,795
94
Amkor
Technology
Inc
13,901
440
Atomera
Inc
(d),(e)
644
5
CEVA
Inc
(d)
302
6
Cirrus
Logic
Inc
(d)
20,900
1,614
Cohu
Inc
(d)
5,748
183
Diodes
Inc
(d)
35,989
2,423
IPG
Photonics
Corp
(d)
24,700
2,418
Kulicke
&
Soffa
Industries
Inc
2,021
102
Navitas
Semiconductor
Corp
(d)
11,393
65
Onto
Innovation
Inc
(d)
869
140
Photronics
Inc
(d)
79,026
2,309
Rambus
Inc
(d)
165,285
11,327
Richardson
Electronics
Ltd/United
States
1,534
15
Semtech
Corp
(d)
126,285
2,505
SMART
Global
Holdings
Inc
(d)
4,716
93
Synaptics
Inc
(d)
4,510
482
Ultra
Clean
Holdings
Inc
(d)
149,665
5,717
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Semiconductors
(continued)
Veeco
Instruments
Inc
(d)
6,263
$
200
Vishay
Precision
Group
Inc
(d)
1,531
49
$
30,348
Software
-
0
.67
%
ACI
Worldwide
Inc
(d)
87,442
2,629
Adeia
Inc
1,745
21
American
Software
Inc/GA
937
11
Asure
Software
Inc
(d)
2,286
20
AvidXchange
Holdings
Inc
(d)
1,631
18
Bandwidth
Inc
(d)
2,160
30
Brightcove
Inc
(d)
5,491
13
C3.ai
Inc
(d),(e)
2,363
59
Cardlytics
Inc
(d)
4,594
35
Cerence
Inc
(d)
5,028
101
Climb
Global
Solutions
Inc
73
4
CommVault
Systems
Inc
(d)
306
28
Computer
Programs
and
Systems
Inc
(d)
115,114
1,166
Concentrix
Corp
25,100
2,231
Consensus
Cloud
Solutions
Inc
(d)
1,052
23
CS
Disco
Inc
(d)
2,850
23
Daily
Journal
Corp
(d)
138
44
Definitive
Healthcare
Corp
(d)
3,885
33
Digi
International
Inc
(d)
511
12
Digital
Turbine
Inc
(d)
8,908
48
Donnelley
Financial
Solutions
Inc
(d)
869
54
E2open
Parent
Holdings
Inc
(d)
21,035
79
EverCommerce
Inc
(d)
540
5
Fastly
Inc
(d)
2,502
50
Health
Catalyst
Inc
(d)
3,081
30
HireRight
Holdings
Corp
(d)
1,735
21
Immersion
Corp
3,934
27
IonQ
Inc
(d),(e)
16,733
172
Matterport
Inc
(d)
31,204
70
MeridianLink
Inc
(d)
1,051
24
N-able
Inc
(d)
971
13
Olo
Inc
(d)
5,300
27
ON24
Inc
3,944
30
Outbrain
Inc
(d)
5,161
20
Planet
Labs
PBC
(d)
2,027
5
Playstudios
Inc
(d)
10,300
23
PROS
Holdings
Inc
(d)
1,596
55
PubMatic
Inc
(d)
4,320
66
Rackspace
Technology
Inc
(d)
7,965
13
Sharecare
Inc
(d)
36,876
42
Skillsoft
Corp
(d)
609
9
SolarWinds
Corp
(d)
6,346
75
Veradigm
Inc
(d)
13,402
122
Verint
Systems
Inc
(d)
591
18
Verra
Mobility
Corp
(d)
62,700
1,499
Vimeo
Inc
(d)
16,438
65
$
9,163
Supranational
Bank
-
0
.01
%
Banco
Latinoamericano
de
Comercio
Exterior
SA
3,369
81
Telecommunications
-
0
.19
%
ADTRAN
Holdings
Inc
9,713
61
Anterix
Inc
(d)
179
5
ATN
International
Inc
1,372
51
Aviat
Networks
Inc
(d)
21,823
651
BlackSky
Technology
Inc
(d)
15,680
20
Consolidated
Communications
Holdings
Inc
(d)
8,573
37
DigitalBridge
Group
Inc
13,670
268
DZS
Inc
(d)
2,311
4
EchoStar
Corp
(d)
15,045
201
Globalstar
Inc
(d)
11,114
18
Gogo
Inc
(d)
7,507
66
IDT
Corp
-
Class
B
(d)
451
16
KVH
Industries
Inc
(d)
2,613
13
Lumen
Technologies
Inc
(d)
125,075
153
NETGEAR
Inc
(d)
3,678
52
Schedule
of
Investments
SmallCap
Value
Fund
II
January
31,
2024
(unaudited)
See
accompanying
notes.
271
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Telecommunications
(continued)
Preformed
Line
Products
Co
4,091
$
500
Ribbon
Communications
Inc
(d)
11,211
34
Shenandoah
Telecommunications
Co
6,054
124
Spok
Holdings
Inc
2,234
37
Telephone
and
Data
Systems
Inc
12,219
235
Terran
Orbital
Corp
(d)
11,086
9
Viavi
Solutions
Inc
(d)
4,617
45
$
2,600
Textiles
-
0
.07
%
UniFirst
Corp/MA
5,460
925
Toys,
Games
&
Hobbies
-
0
.08
%
Funko
Inc
(d)
1,509
11
JAKKS
Pacific
Inc
(d)
37,062
1,162
$
1,173
Transportation
-
3
.06
%
Air
Transport
Services
Group
Inc
(d)
7,020
109
ArcBest
Corp
1,804
215
Ardmore
Shipping
Corp
5,170
86
Costamare
Inc
5,839
63
Covenant
Logistics
Group
Inc
1,061
51
CryoPort
Inc
(d)
854
12
DHT
Holdings
Inc
17,035
189
Dorian
LPG
Ltd
1,721
64
Eagle
Bulk
Shipping
Inc
1,165
64
FLEX
LNG
Ltd
1,182
35
Forward
Air
Corp
12,600
559
Genco
Shipping
&
Trading
Ltd
5,247
92
Golden
Ocean
Group
Ltd
15,290
162
Heartland
Express
Inc
124,167
1,608
Himalaya
Shipping
Ltd
(d)
2,924
19
Hub
Group
Inc
(d)
7,766
352
International
Seaways
Inc
5,009
269
Kirby
Corp
(d)
150,985
11,876
Landstar
System
Inc
58,295
11,176
Marten
Transport
Ltd
66,459
1,230
Matson
Inc
4,292
481
Nordic
American
Tankers
Ltd
25,479
113
Overseas
Shipholding
Group
Inc
7,576
46
PAM
Transportation
Services
Inc
(d)
26,973
559
Pangaea
Logistics
Solutions
Ltd
4,579
43
Radiant
Logistics
Inc
(d)
4,585
28
RXO
Inc
(d)
1,936
40
Safe
Bulkers
Inc
8,154
33
Saia
Inc
(d)
19,320
8,705
Scorpio
Tankers
Inc
5,920
419
SFL
Corp
Ltd
14,302
174
Teekay
Corp
(d)
7,803
70
Teekay
Tankers
Ltd
2,947
184
Universal
Logistics
Holdings
Inc
847
26
Werner
Enterprises
Inc
6,676
264
World
Kinect
Corp
117,652
2,655
$
42,071
Trucking
&
Leasing
-
0
.76
%
GATX
Corp
64,249
7,880
Greenbrier
Cos
Inc/The
56,901
2,586
Willis
Lease
Finance
Corp
(d)
359
18
$
10,484
Water
-
0
.04
%
Artesian
Resources
Corp
340
12
California
Water
Service
Group
4,884
221
Consolidated
Water
Co
Ltd
1,301
42
SJW
Group
3,941
235
$
510
TOTAL
COMMON
STOCKS
$
1,343,313
Total
Investments
$
1,395,266
Other
Assets
and
Liabilities
- (1.33)%
(
18,339
)
TOTAL
NET
ASSETS
-
100.00%
$
1,376,927
(a)
1-day
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$6,334
or
0.46%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
Security
or
a
portion
of
the
security
was
on
loan. At
the
end
of
the
period,
the
value
of
these
securities
totaled
$5,884
or
0.43%
of
net
assets.
(f)
The
value
of
these
investments
was
determined
using
significant
unobservable
inputs,
in
good
faith
by
the
Manager,
under
procedures
established
and
periodically
reviewed
by
the
Board
of
Directors.
Portfolio
Summary
Sector
Percent
Financial
32
.25
%
Industrial
17
.29
%
Consumer,
Cyclical
16
.15
%
Consumer,
Non-cyclical
9
.42
%
Energy
7
.72
%
Technology
6
.02
%
Basic
Materials
5
.01
%
Money
Market
Funds
3
.53
%
Utilities
2
.69
%
Communications
1
.00
%
Exchange-Traded
Funds
0
.24
%
Government
0
.01
%
Other
Assets
and
Liabilities
(
1
.33
)
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
SmallCap
Value
Fund
II
January
31,
2024
(unaudited)
See
accompanying
notes.
272
Affiliated
Securities
October
31,
2023
Purchases
Sales
January
31,
2024
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
61,517
$
236,524
$
250,961
$
47,080
$
61,517
$
236,524
$
250,961
$
47,080
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Class
R-6
5.25%
$
517
$
—
$
—
$
—
$
517
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
Russell
2000
Emini;
March
2024
Long
70
$
6,846
$
(
87
)
Total
$
(
87
)
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
Tax-Exempt
Bond
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
273
INVESTMENT
COMPANIES
-
0
.09
%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0
.09
%
iShares
National
Muni
Bond
ETF
528
$
57
iShares
Short-Term
National
Muni
Bond
ETF
374
39
JPMorgan
Ultra-Short
Municipal
Income
ETF
99
5
SPDR
Nuveen
Bloomberg
High
Yield
Municipal
Bond
ETF
9,994
256
VanEck
High
Yield
Muni
ETF
2,363
123
$
480
TOTAL
INVESTMENT
COMPANIES
$
480
MUNICIPAL
BONDS
-
102
.41
%
Principal
Amount
(000's)
Value
(000's)
Alabama
-
2
.62
%
Lower
Alabama
Gas
District/The
5.00%,
09/01/2034
$
6,000
$
6,482
Phenix
City
Industrial
Development
Board
4.13%,
05/15/2035
3,000
2,956
Tuscaloosa
County
Industrial
Development
Authority
4.50%,
05/01/2032
(a)
2,191
2,137
5.25%,
05/01/2044
(a)
997
964
West
Jefferson
Industrial
Development
Board
4.05%,
12/01/2038
(b)
2,000
2,000
$
14,539
Arizona
-
2
.52
%
Arizona
Industrial
Development
Authority
5.00%,
01/01/2043
575
384
Maricopa
County
Industrial
Development
Authority
4.00%,
01/01/2041
6,300
6,328
Navajo
Nation
5.50%,
12/01/2030
(a)
1,240
1,269
Salt
Verde
Financial
Corp
5.00%,
12/01/2032
5,615
6,003
$
13,984
Arkansas
-
0
.18
%
Arkansas
Development
Finance
Authority
5.45%,
09/01/2052
1,000
1,015
California
-
11
.74
%
California
Community
Choice
Financing
Authority
5.00%,
07/01/2053
(b)
5,000
5,297
California
Health
Facilities
Financing
Authority
5.00%,
11/15/2046
1,695
1,758
California
Housing
Finance
Agency
(credit
support
from
Federal
Home
Loan
Mortgage
Corporation
Collateral
)
3.75%,
03/25/2035
(c)
7,011
6,906
California
Infrastructure
&
Economic
Development
Bank
8.00%,
01/01/2050
(a),(b)
7,000
7,084
California
Municipal
Finance
Authority
4.00%,
07/15/2029
4,050
4,044
California
Municipal
Finance
Authority
(credit
support
from
Build
America
Mutual
Assurance
Corp
-
Transfer
Custodial
Receipt
)
5.00%,
05/15/2031
(c)
2,240
2,412
California
Pollution
Control
Financing
Authority
4.30%,
07/01/2040
2,000
2,002
California
State
Public
Works
Board
5.00%,
02/01/2032
2,500
2,953
California
Statewide
Communities
Development
Authority
(credit
support
from
Build
America
Mutual
Assurance
Corp
)
5.00%,
05/15/2031
(c)
2,000
2,246
Chino
Valley
Unified
School
District
5.00%,
08/01/2055
(d)
2,430
2,623
City
of
Los
Angeles
Department
of
Airports
4.00%,
05/15/2037
1,000
1,058
5.00%,
05/15/2029
1,250
1,357
5.00%,
05/15/2035
185
210
5.00%,
05/15/2037
(d)
3,824
4,217
5.00%,
05/15/2044
(d)
5,150
5,266
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
California
(continued)
Oakland
Unified
School
District/Alameda
County
5.00%,
08/01/2034
$
2,210
$
2,285
Ontario
International
Airport
Authority
(credit
support
from
Assured
Guaranty
Municipal
Corp
)
5.00%,
05/15/2028
(c)
300
320
5.00%,
05/15/2031
(c)
1,000
1,112
Sacramento
Area
Flood
Control
Agency
(credit
support
from
Build
America
Mutual
Assurance
Corp
)
5.00%,
10/01/2039
(c)
1,340
1,349
San
Diego
County
Regional
Airport
Authority
5.00%,
07/01/2033
500
547
5.00%,
07/01/2040
65
69
San
Diego
Unified
School
District/CA
0.00%,
07/01/2032
(e)
5,000
3,852
San
Francisco
City
&
County
Airport
Comm-San
Francisco
International
Airport
5.00%,
05/01/2040
1,500
1,579
Southern
California
Public
Power
Authority
5.00%,
11/01/2028
2,385
2,507
State
of
California
5.00%,
08/01/2027
2,000
2,165
$
65,218
Colorado
-
1
.16
%
Denver
Convention
Center
Hotel
Authority
5.00%,
12/01/2040
1,000
1,008
Elbert
County
Independence
Water
&
Sanitation
District
7.25%,
12/01/2038
1,000
1,034
Painted
Prairie
Public
Improvement
Authority
5.00%,
12/01/2049
1,000
922
Transport
Metropolitan
District
No
3
5.00%,
12/01/2051
1,500
1,222
Velocity
Metropolitan
District
No
3
5.13%,
12/01/2034
2,235
2,252
$
6,438
Connecticut
-
1
.08
%
Mohegan
Tribal
Finance
Authority
7.00%,
02/01/2045
(a)
4,000
4,001
State
of
Connecticut
Special
Tax
Revenue
5.00%,
05/01/2030
1,755
2,004
$
6,005
District
of
Columbia
-
1
.14
%
District
of
Columbia
5.00%,
02/01/2031
2,650
3,077
District
of
Columbia
Income
Tax
Revenue
5.00%,
03/01/2029
2,000
2,237
Metropolitan
Washington
Airports
Authority
Dulles
Toll
Road
Revenue
5.00%,
10/01/2047
1,000
1,034
$
6,348
Florida
-
5
.76
%
City
of
Lakeland
FL
Department
of
Electric
Utilities
5.25%,
10/01/2036
5,010
5,986
Collier
County
Health
Facilities
Authority
5.00%,
05/01/2043
3,500
3,615
County
of
Miami-Dade
FL
Aviation
Revenue
5.00%,
10/01/2049
(d)
7,000
7,203
Florida
Development
Finance
Corp
3.00%,
06/01/2032
5,000
4,027
5.00%,
05/01/2029
(a)
2,000
1,937
6.13%,
07/01/2032
(a),(b)
4,000
4,054
7.38%,
01/01/2049
(a)
2,000
2,032
Hillsborough
County
Aviation
Authority
5.00%,
10/01/2047
2,000
2,122
Palm
Beach
County
Health
Facilities
Authority
7.50%,
05/15/2053
1,000
1,034
$
32,010
Schedule
of
Investments
Tax-Exempt
Bond
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
274
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Georgia
-
3
.96
%
City
of
Atlanta
GA
Airport
Passenger
Facility
Charge
5.00%,
07/01/2032
$
9,235
$
10,425
City
of
Atlanta
GA
Department
of
Aviation
5.00%,
07/01/2032
2,180
2,365
George
L
Smith
II
Congress
Center
Authority
5.00%,
01/01/2036
(a)
4,062
4,012
Georgia
Ports
Authority
5.00%,
07/01/2047
1,000
1,103
5.25%,
07/01/2043
3,585
4,102
$
22,007
Illinois
-
13
.19
%
Chicago
O'Hare
International
Airport
5.25%,
01/01/2036
2,000
2,121
Chicago
Transit
Authority
Capital
Grant
Receipts
Revenue
5.00%,
06/01/2029
3,250
3,532
City
of
Chicago
IL
5.25%,
01/01/2029
2,000
2,022
5.50%,
01/01/2049
1,000
1,031
6.00%,
01/01/2038
2,965
3,105
7.46%,
02/15/2026
461
336
City
of
Chicago
IL
Wastewater
Transmission
Revenue
5.00%,
01/01/2030
1,000
1,014
5.00%,
01/01/2032
1,000
1,014
5.00%,
01/01/2033
2,625
2,663
City
of
Chicago
IL
Waterworks
Revenue
5.00%,
11/01/2028
1,000
1,011
County
of
Cook
IL
Sales
Tax
Revenue
5.25%,
11/15/2035
1,500
1,602
Illinois
State
Toll
Highway
Authority
5.00%,
12/01/2032
5,200
5,393
5.00%,
01/01/2040
(d)
2,000
2,052
5.25%,
01/01/2043
(d)
1,500
1,721
Metropolitan
Pier
&
Exposition
Authority
(credit
support
from
Build
America
Mutual
Assurance
Corp
-
Transfer
Custodial
Receipt
)
4.00%,
12/15/2042
(c)
5,000
4,974
Metropolitan
Pier
&
Exposition
Authority
(credit
support
from
National
Public
Finance
Guarantee
Corp
)
5.50%,
06/15/2029
(c)
2,410
2,518
Metropolitan
Water
Reclamation
District
of
Greater
Chicago
5.00%,
12/01/2028
4,000
4,224
5.00%,
12/01/2031
1,000
1,052
5.00%,
12/01/2038
1,500
1,679
5.25%,
12/01/2032
1,500
1,816
Sales
Tax
Securitization
Corp
5.00%,
01/01/2036
2,700
2,974
5.00%,
01/01/2040
3,000
3,141
5.25%,
01/01/2048
1,250
1,316
State
of
Illinois
5.00%,
11/01/2027
2,415
2,574
5.00%,
11/01/2028
4,590
4,897
5.00%,
12/01/2032
1,380
1,467
5.50%,
01/01/2030
500
567
5.50%,
10/01/2044
6,855
7,667
Tender
Option
Bond
Trust
Receipts/
Certificates
(credit
support
from
Assured
Guaranty
Municipal
Corp
)
4.80%,
01/01/2030
(a),(b),(c)
3,400
3,400
United
City
of
Yorkville
IL
5.75%,
03/01/2028
300
300
Village
of
Gilberts
IL
Special
Service
Area
No
24
5.38%,
03/01/2034
137
131
$
73,314
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Indiana
-
0
.70
%
City
of
Whiting
IN
3.00%,
11/01/2051
$
455
$
340
Indiana
Finance
Authority
4.13%,
12/01/2026
1,670
1,665
Town
of
Shoals
IN
7.25%,
11/01/2043
1,910
1,913
$
3,918
Iowa
-
0
.09
%
Iowa
Finance
Authority
7.50%,
05/15/2053
500
517
Kentucky
-
2
.26
%
County
of
Trimble
KY
1.30%,
09/01/2044
(b)
1,000
882
Kentucky
Municipal
Power
Agency
5.00%,
09/01/2035
1,080
1,143
Kentucky
Public
Energy
Authority
4.00%,
01/01/2049
(b)
3,000
3,003
Kentucky
Turnpike
Authority
5.00%,
07/01/2031
6,550
7,546
$
12,574
Louisiana
-
2
.30
%
Louisiana
Local
Government
Environmental
Facilities
&
Community
Development
Authority
3.50%,
11/01/2032
7,155
6,832
4.40%,
11/01/2044
(a)
1,700
1,626
5.50%,
11/01/2039
(a)
2,105
2,200
Louisiana
Public
Facilities
Authority
0.00%,
07/01/2039
(e)
417
—
0.00%,
07/01/2039
(e)
659
—
Parish
of
St
James
LA
5.85%,
08/01/2041
(a),(b)
1,000
1,020
6.10%,
12/01/2040
(a),(b)
1,000
1,099
$
12,777
Maryland
-
0
.74
%
State
of
Maryland
5.00%,
08/01/2030
3,550
4,108
Massachusetts
-
1
.66
%
Massachusetts
Bay
Transportation
Authority
Assessment
Revenue
5.25%,
07/01/2028
2,000
2,235
Massachusetts
Development
Finance
Agency
5.00%,
11/15/2032
3,000
3,644
Massachusetts
Educational
Financing
Authority
4.90%,
07/01/2028
665
665
Massachusetts
Health
&
Educational
Facilities
Authority
2.00%,
07/01/2035
(b)
215
215
Massachusetts
Port
Authority
5.00%,
07/01/2029
1,000
1,083
5.00%,
07/01/2039
1,340
1,409
$
9,251
Michigan
-
3
.03
%
City
of
Detroit
MI
5.50%,
04/01/2050
1,000
1,041
Detroit
City
School
District
(credit
support
from
Qualified
School
Bond
Loan
Fund
)
5.00%,
05/01/2036
(c)
1,000
1,101
5.00%,
05/01/2037
(c)
1,000
1,091
5.00%,
05/01/2038
(c)
2,000
2,164
Kentwood
Economic
Development
Corp
5.00%,
11/15/2041
1,000
933
Michigan
Finance
Authority
4.00%,
02/15/2047
3,400
3,271
Michigan
Strategic
Fund
4.00%,
10/01/2061
(b)
3,800
3,760
5.00%,
06/30/2048
2,390
2,440
Schedule
of
Investments
Tax-Exempt
Bond
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
275
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Michigan
(continued)
Wayne
County
Airport
Authority
5.00%,
12/01/2045
$
1,000
$
1,011
$
16,812
Mississippi
-
0
.18
%
Mississippi
Business
Finance
Corp
2.20%,
03/01/2027
(b)
1,000
991
Missouri
-
1
.14
%
City
of
St
Louis
MO
Airport
Revenue
5.00%,
07/01/2034
1,285
1,419
5.00%,
07/01/2044
1,100
1,163
City
of
St
Louis
MO
Airport
Revenue
(credit
support
from
National
Public
Finance
Guarantee
Corp
)
5.50%,
07/01/2028
(c)
1,500
1,675
Health
&
Educational
Facilities
Authority
of
the
State
of
Missouri
5.00%,
02/01/2034
1,400
1,410
Tender
Option
Bond
Trust
Receipts/
Certificates
(credit
support
from
Assured
Guaranty
Municipal
Corp
)
4.20%,
09/01/2028
(a),(b),(c)
650
650
$
6,317
Montana
-
1
.25
%
County
of
Gallatin
MT
4.00%,
10/15/2041
(a)
5,000
4,161
Montana
Board
of
Housing
(credit
support
from
Federal
Housing
Administration,
Guaranteed
by
the
Department
of
Veterans
Affairs
and
HUD
)
4.00%,
06/01/2045
(c)
805
792
Montana
Facility
Finance
Authority
4.13%,
07/01/2038
2,000
1,969
$
6,922
Nebraska
-
0
.19
%
Lincoln
Airport
Authority
4.00%,
07/01/2035
1,000
1,034
Nevada
-
2
.42
%
Las
Vegas
Convention
&
Visitors
Authority
5.00%,
07/01/2043
(d)
9,000
9,498
Las
Vegas
Redevelopment
Agency
5.00%,
06/15/2040
3,850
3,924
$
13,422
New
Hampshire
-
1
.77
%
New
Hampshire
Business
Finance
Authority
2.15%,
07/01/2027
(b)
6,750
6,691
3.75%,
07/01/2045
(a),(b)
1,000
792
4.00%,
11/01/2027
(a)
1,000
973
4.13%,
01/20/2034
396
388
4.88%,
11/01/2042
(a)
1,000
892
New
Hampshire
Health
and
Education
Facilities
Authority
Act
3.35%,
06/01/2041
(b)
100
100
$
9,836
New
Jersey
-
5
.34
%
Casino
Reinvestment
Development
Authority
Inc
5.25%,
11/01/2039
750
755
New
Jersey
Economic
Development
Authority
5.75%,
04/01/2031
1,005
1,011
New
Jersey
Transportation
Trust
Fund
Authority
5.25%,
06/15/2032
2,000
2,025
5.25%,
06/15/2034
2,250
2,308
North
Hudson
Sewerage
Authority/NJ
(credit
support
from
Assured
Guaranty
Municipal
Corp
)
5.00%,
06/01/2034
(c)
180
219
South
Jersey
Port
Corp
5.00%,
01/01/2042
5,000
5,150
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
New
Jersey
(continued)
State
of
New
Jersey
4.00%,
06/01/2031
$
5,000
$
5,453
5.00%,
06/01/2028
2,100
2,303
Tobacco
Settlement
Financing
Corp
4.00%,
06/01/2037
5,195
5,270
5.25%,
06/01/2046
5,000
5,164
$
29,658
New
Mexico
-
0
.09
%
City
of
Farmington
NM
2.15%,
04/01/2033
600
493
New
York
-
8
.85
%
Metropolitan
Transportation
Authority
5.00%,
11/15/2025
400
413
5.00%,
11/15/2032
1,000
1,121
5.00%,
11/15/2045
3,025
3,202
New
York
City
Industrial
Development
Agency
(credit
support
from
Assured
Guaranty
Municipal
Corp
)
5.00%,
01/01/2031
(c)
1,000
1,129
New
York
City
Transitional
Finance
Authority
5.50%,
05/01/2042
3,050
3,648
New
York
City
Transitional
Finance
Authority
Future
Tax
Secured
Revenue
5.25%,
08/01/2037
3,000
3,279
5.25%,
11/01/2038
2,835
3,333
New
York
Counties
Tobacco
Trust
VI
5.00%,
06/01/2036
740
758
New
York
Liberty
Development
Corp
5.25%,
10/01/2035
1,000
1,178
New
York
State
Dormitory
Authority
4.00%,
09/01/2045
1,500
1,381
New
York
Transportation
Development
Corp
4.00%,
10/31/2041
1,000
918
4.00%,
12/01/2042
1,000
941
5.00%,
12/01/2028
2,350
2,546
5.00%,
01/01/2032
7,200
7,418
5.00%,
01/01/2034
3,200
3,294
5.00%,
10/01/2040
2,000
2,044
5.00%,
07/01/2046
3,500
3,500
5.63%,
04/01/2040
1,000
1,083
Port
Authority
of
New
York
&
New
Jersey
5.00%,
07/15/2035
3,000
3,290
Tompkins
County
Development
Corp
0.00%,
07/01/2027
(e)
115
40
Westchester
County
Local
Development
Corp
5.00%,
11/01/2046
2,400
2,276
Westchester
County
Local
Development
Corp
(credit
support
from
Assured
Guaranty
Municipal
Corp
)
5.75%,
11/01/2048
(c)
2,075
2,365
$
49,157
North
Carolina
-
0
.30
%
Raleigh
Durham
Airport
Authority
5.00%,
05/01/2033
1,500
1,648
Ohio
-
4
.06
%
Buckeye
Tobacco
Settlement
Financing
Authority
4.00%,
06/01/2037
1,125
1,141
4.00%,
06/01/2039
1,850
1,858
5.00%,
06/01/2055
5,500
5,193
County
of
Hamilton
OH
5.00%,
01/01/2036
1,435
1,437
5.00%,
01/01/2046
2,500
2,333
Jefferson
County
Port
Authority/OH
5.00%,
12/01/2053
(a),(b)
1,500
1,504
Ohio
Air
Quality
Development
Authority
4.25%,
01/15/2038
(a)
1,000
973
4.50%,
01/15/2048
(a)
850
807
Schedule
of
Investments
Tax-Exempt
Bond
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
276
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Ohio
(continued)
Ohio
State
University/The
5.00%,
12/01/2033
$
5,000
$
5,978
State
of
Ohio
4.90%,
01/15/2045
(b)
1,350
1,350
$
22,574
Oregon
-
0
.00
%
Oregon
State
Business
Development
Commission
0.00%,
04/01/2031
(a),(e)
1,000
—
Pennsylvania
-
6
.39
%
Allegheny
County
Industrial
Development
Authority
5.13%,
05/01/2030
1,630
1,701
City
of
Philadelphia
PA
5.00%,
02/01/2037
2,000
2,176
Lancaster
Industrial
Development
Authority
4.00%,
07/01/2046
750
586
4.00%,
07/01/2051
1,000
744
Pennsylvania
Economic
Development
Financing
Authority
5.50%,
06/30/2043
4,100
4,533
Pennsylvania
Turnpike
Commission
5.00%,
12/01/2029
2,000
2,235
5.00%,
12/01/2036
1,725
1,829
Pennsylvania
Turnpike
Commission
Oil
Franchise
Tax
Revenue
5.00%,
12/01/2046
4,055
4,419
5.25%,
12/01/2044
4,350
4,660
Sports
&
Exhibition
Authority
of
Pittsburgh
&
Allegheny
County
(credit
support
from
Assured
Guaranty
Municipal
Corp
)
5.00%,
02/01/2034
(c)
6,895
7,904
5.00%,
02/01/2035
(c)
4,140
4,714
$
35,501
Puerto
Rico
-
0
.67
%
Commonwealth
of
Puerto
Rico
0.00%,
07/01/2024
(e)
54
53
0.00%,
07/01/2033
(e)
428
272
0.00%,
11/01/2043
(b),(e)
1,470
814
4.00%,
07/01/2033
183
177
4.00%,
07/01/2037
257
241
4.00%,
07/01/2041
349
318
4.00%,
07/01/2046
363
322
5.38%,
07/01/2025
371
377
5.63%,
07/01/2027
367
388
5.63%,
07/01/2029
361
391
5.75%,
07/01/2031
351
391
$
3,744
South
Carolina
-
1
.18
%
South
Carolina
Jobs-Economic
Development
Authority
5.25%,
11/15/2047
1,830
1,701
5.25%,
11/15/2052
1,500
1,361
6.00%,
06/01/2031
(a)
1,000
796
6.50%,
06/01/2051
(a)
4,500
2,707
$
6,565
South
Dakota
-
0
.26
%
Oglala
Sioux
Tribe
5.75%,
10/01/2025
(a)
1,500
1,465
Tennessee
-
1
.16
%
Metropolitan
Government
Nashville
&
Davidson
County
Health
&
Educational
Facilities
Board
5.00%,
07/01/2040
4,510
4,583
Metropolitan
Government
Nashville
&
Davidson
County
Industrial
Development
Board
4.00%,
06/01/2051
(a)
1,000
844
Tennergy
Corp/TN
5.00%,
02/01/2050
(b)
1,000
1,007
$
6,434
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Texas
-
6
.55
%
Central
Texas
Regional
Mobility
Authority
5.00%,
01/01/2048
$
2,740
$
2,837
Central
Texas
Turnpike
System
5.00%,
08/15/2031
1,285
1,293
City
of
Houston
TX
Airport
System
Revenue
6.63%,
07/15/2038
5,770
5,773
Harris
County-Houston
Sports
Authority
5.00%,
11/15/2030
3,000
3,030
Mission
Economic
Development
Corp
4.25%,
06/01/2048
(b)
1,000
999
North
Texas
Tollway
Authority
5.00%,
01/01/2045
1,000
1,010
Port
Beaumont
Navigation
District
2.75%,
01/01/2036
(a)
1,000
739
2.88%,
01/01/2041
(a)
1,000
673
3.63%,
01/01/2035
(a)
4,535
3,798
Sea
Breeze
Public
Facility
Corp
6.50%,
01/01/2046
100
95
Tarrant
County
Cultural
Education
Facilities
Finance
Corp
5.00%,
11/15/2037
2,060
2,080
Texas
Municipal
Gas
Acquisition
and
Supply
Corp
I
6.25%,
12/15/2026
8,440
8,789
Texas
Private
Activity
Bond
Surface
Transportation
Corp
5.00%,
12/31/2033
4,000
4,308
West
Harris
County
Regional
Water
Authority
4.00%,
12/15/2049
1,000
960
$
36,384
Utah
-
1
.50
%
Utah
Infrastructure
Agency
5.00%,
10/15/2028
1,000
1,035
5.00%,
10/15/2032
4,385
4,535
5.00%,
10/15/2037
1,500
1,525
5.38%,
10/15/2040
1,200
1,231
$
8,326
Virginia
-
3
.10
%
County
of
Botetourt
VA
6.00%,
07/01/2034
1,000
1,004
6.00%,
07/01/2044
1,000
1,001
County
of
Fairfax
VA
(credit
support
from
State
Aid
Withholding
)
4.00%,
10/01/2039
(c)
5,000
5,224
Fairfax
County
Redevelopment
&
Housing
Authority
5.00%,
10/01/2039
3,000
3,201
Virginia
Public
School
Authority
(credit
support
from
State
Intercept
Program
)
5.00%,
08/01/2030
(c)
3,535
3,990
Virginia
Small
Business
Financing
Authority
3.00%,
01/01/2041
3,480
2,804
$
17,224
Washington
-
1
.05
%
Port
of
Seattle
WA
5.00%,
08/01/2030
5,250
5,744
Washington
State
Housing
Finance
Commission
3.50%,
12/20/2035
106
100
$
5,844
West
Virginia
-
0
.22
%
West
Virginia
Economic
Development
Authority
4.12%,
07/01/2045
(b)
1,250
1,243
Schedule
of
Investments
Tax-Exempt
Bond
Fund
January
31,
2024
(unaudited)
See
accompanying
notes.
277
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Wisconsin
-
0
.61
%
Public
Finance
Authority
4.00%,
09/30/2051
$
2,500
$
2,100
5.00%,
10/01/2043
(a)
1,500
1,320
$
3,420
TOTAL
MUNICIPAL
BONDS
$
569,037
Total
Investments
$
569,517
Liability
for
Floating
Rate
Notes
Issued
in
Conjunction
with
Securities
Held
-
(3.58)%
Notes
with
interest
rates
of
4.56%
-
4.80%
at
January
31,
2024
and
contractual
maturities
of
collateral
from
2025-2042.
(f)
$
(
19,877
)
(
19,877
)
Total
Net
Investments
$
549,640
Other
Assets
and
Liabilities
- 1.08%
5,992
TOTAL
NET
ASSETS
-
100.00%
$
555,632
(a)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$59,929
or
10.79%
of
net
assets.
(b)
Certain
variable
rate
securities
are
not
based
on
a
published
reference
rate
and
spread
but
are
determined
by
the
issuer
or
agent
and
are
based
on
current
market
conditions. These
securities
do
not
indicate
a
reference
rate
and
spread
in
their
description.
Rate
shown
is
the
rate
in
effect
as
of
period
end.
(c)
Credit
support
indicates
investments
that
benefit
from
credit
enhancement
or
liquidity
support
provided
by
a
third
party
bank,
institution,
or
government
agency.
(d)
Security
or
portion
of
underlying
security
related
to
Inverse
Floaters
entered
into
by
the
fund.
(e)
Non-income
producing
security
(f)
Floating
rate
securities.
The
interest
rate(s)
shown
reflect
the
rates
in
effect
at
January
31,
2024.
Portfolio
Summary
Sector
Percent
Revenue
Bonds
77
.10
%
Insured
10
.48
%
General
Obligation
Unlimited
10
.48
%
Prerefunded
1
.53
%
General
Obligation
Limited
1
.25
%
Tax
Allocation
0
.71
%
Special
Tax
0
.33
%
Special
Assessment
0
.33
%
Notes
0
.14
%
Exchange-Traded
Funds
0
.09
%
Certificate
Participation
0
.06
%
Liability
For
Floating
Rate
Notes
Issued
(
3
.58
)
%
Other
Assets
and
Liabilities
1
.08
%
TOTAL
NET
ASSETS
100.00%
Glossary
to
the
Schedule
of
Investments
January
31,
2024
(unaudited)
See
accompanying
notes.
278
Currency
Abbreviations
AUD
Australian
Dollar
BRL
Brazilian
Real
CAD
Canadian
Dollar
CHF
Swiss
Franc
CNH
Chinese
Renminbi
COP
Colombian
Peso
EUR
Euro
GBP
British
Pound
Sterling
HKD
Hong
Kong
Dollar
HUF
Hungarian
Forint
IDR
Indonesian
Rupiah
INR
Indian
Rupee
JPY
Japanese
Yen
KRW
South
Korean
Won
MXN
Mexican
Peso
PEN
Peruvian
Nuevo
Sol
TRY
Turkish
Lira
USD/$
United
States
Dollar
ZAR
South
African
Rand
January
31,
2024
(unaudited)
279
Security
Valuation.
Principal
LifeTime
2015
Fund,
Principal
LifeTime
2020
Fund,
Principal
LifeTime
2025
Fund,
Principal
LifeTime
2030
Fund,
Principal
LifeTime
2035
Fund,
Principal
LifeTime
2040
Fund,
Principal
LifeTime
2045
Fund,
Principal
LifeTime
2050
Fund,
Principal
LifeTime
2055
Fund,
Principal
LifeTime
2060
Fund,
Principal
LifeTime
2065
Fund,
Principal
LifeTime
2070
Fund,
and
Principal
LifeTime
Strategic
Income
Fund
(collectively,
the
“Principal
LifeTime
Funds”),
Principal
LifeTime
Hybrid
2015
Fund,
Principal
LifeTime
Hybrid
2020
Fund,
Principal
LifeTime
Hybrid
2025
Fund,
Principal
LifeTime
Hybrid
2030
Fund,
Principal
LifeTime
Hybrid
2035
Fund,
Principal
LifeTime
Hybrid
2040
Fund,
Principal
LifeTime
Hybrid
2045
Fund,
Principal
LifeTime
Hybrid
2050
Fund,
Principal
LifeTime
Hybrid
2055
Fund,
Principal
LifeTime
Hybrid
2060
Fund,
Principal
LifeTime
Hybrid
2065
Fund,
Principal
LifeTime
Hybrid
2070
Fund,
and
Principal
LifeTime
Hybrid
Income
Fund
(collectively,
the
“Principal
LifeTime
Hybrid
Funds”),
along
with
the
SAM
Balanced,
SAM
Conservative
Balanced
Portfolio,
SAM
Conservative
Growth
Portfolio,
SAM
Flexible
Income
Portfolio,
and
SAM
Strategic
Growth
Portfolio
(collectively,
the
“SAM
Portfolios”)
invest
in
R-6
and
Institutional
shares
of
other
series
of
Principal
Funds,
Inc.
which
are
valued
at
the
closing
net
asset
value
per
share
of
each
respective
fund
on
the
day
of
valuation.
In
addition,
the
SAM
Portfolios
invest
in
Principal
Exchange-Traded
Funds,
which
are
valued
at
fair
value.
The
SAM
Portfolios
also
invest
in
other
publicly
traded
investment
funds.
Other
publicly
traded
investment
funds
are
valued
at
the
respective
fund’s
net
asset
value.
The
shares
of
the
other
series
of
Principal
Funds,
Inc.,
Principal
Exchange-Traded
Funds
and
other
publicly
traded
investment
funds
are
referred
to
as
the
“Underlying
Funds”.
California
Municipal
Fund,
Core
Fixed
Income
Fund,
Core
Plus
Bond
Fund,
Diversified
Income
Fund,
Diversified
International
Fund,
Equity
Income
Fund,
Finisterre
Emerging
Markets
Total
Return
Bond
Fund,
Global
Emerging
Markets
Fund,
Global
Real
Estate
Securities
Fund,
Government
&
High
Quality
Bond
Fund,
High
Income
Fund,
High
Yield
Fund,
Inflation
Protection
Fund,
International
Fund
I,
LargeCap
Growth
Fund
I,
LargeCap
S&P
500
Index
Fund,
LargeCap
Value
Fund
III,
MidCap
Fund,
MidCap
Growth
Fund,
MidCap
Growth
Fund
III,
MidCap
S&P
400
Index
Fund,
MidCap
Value
Fund
I,
Overseas
Fund,
Principal
Capital
Appreciation
Fund,
Real
Estate
Securities
Fund,
Short-Term
Income
Fund,
SmallCap
Fund,
SmallCap
Growth
Fund
I,
SmallCap
S&P
600
Index
Fund,
SmallCap
Value
Fund
II
and
Tax-Exempt
Bond
Fund
(known
as
the
"Funds")
(with
the
exception
of
Principal
LifeTime
Funds,
Principal
LifeTime
Hybrid
Funds,
and
the
SAM
Portfolios)
value
securities
for
which
market
quotations
are
readily
available
at
fair
value,
which
is
determined
using
the
last
reported
sale
price.
If
no
sales
are
reported,
as
is
regularly
the
case
for
some
securities
traded
over-the-counter,
securities
are
valued
using
the
last
reported
bid
price
or
an
evaluated
bid
price
provided
by
a
pricing
service.
Pricing
services
use
modeling
techniques
that
incorporate
security
characteristics
such
as
current
quotations
by
broker/dealers,
coupon,
maturity,
quality,
type
of
issue,
trading
characteristics,
other
yield
and
risk
factors,
and
other
market
conditions
to
determine
an
evaluated
bid
price
or,
in
the
case
of
certain
credit
default
swaps,
a
mean
price
provided
by
a
pricing
service.
When
reliable
market
quotations
are
not
considered
to
be
readily
available,
which
may
be
the
case,
for
example,
with
respect
to
restricted
securities,
certain
debt
securities,
preferred
stocks,
and
foreign
securities,
the
investments
are
valued
at
their
fair
value
as
determined
in
good
faith
by
the
Manager
under
procedures
established
and
periodically
reviewed
by
the
Fund’s
Board
of
Directors.
The
value
of
foreign
securities
used
in
computing
the
net
asset
value
per
share
is
generally
determined
as
of
the
close
of
the
foreign
exchange
where
the
security
is
principally
traded.
Events
that
occur
after
the
close
of
the
applicable
foreign
market
or
exchange
but
prior
to
the
calculation
of
the
Funds’
net
asset
values
are
reflected
in
the
Funds’
net
asset
values
and
these
securities
are
valued
at
fair
value.
Many
factors,
provided
by
independent
pricing
services,
are
reviewed
in
the
course
of
making
a
good
faith
determination
of
a
security’s
fair
value,
including,
but
not
limited
to,
price
movements
in
ADRs,
futures
contracts,
industry
indices,
general
indices,
and
foreign
currencies.
To
the
extent
the
Funds
invest
in
foreign
securities
listed
on
foreign
exchanges
which
trade
on
days
on
which
the
Funds
do
not
determine
net
asset
values,
for
example
weekends
and
other
customary
national
U.S.
holidays,
the
Funds’
net
asset
values
could
be
significantly
affected
on
days
when
shareholders
cannot
purchase
or
redeem
shares.
Certain
securities
issued
by
companies
in
emerging
market
countries
may
have
more
than
one
quoted
valuation
at
any
given
point
in
time,
sometimes
referred
to
as
a
“local”
price
and
a
“premium”
price.
The
premium
price
is
often
a
negotiated
price,
which
may
not
consistently
represent
a
price
at
which
a
specific
transaction
can
be
effected.
It
is
the
policy
of
the
Funds
to
value
such
securities
at
prices
at
which
it
is
expected
those
shares
may
be
sold,
and
the
Manager
or
any
sub-advisor
is
authorized
to
make
such
determinations
subject
to
such
oversight
by
the
Fund’s
Board
of
Directors
as
may
occasionally
be
necessary.
Fair
value
is
defined
as
the
price
that
the
Funds
would
receive
upon
selling
a
security
or
transferring
a
liability
in
a
timely
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
of
the
security
at
the
measurement
date.
In
determining
fair
value,
the
Funds
may
use
one
or
more
of
the
following
approaches:
market,
income
and/or
cost.
A
hierarchy
for
inputs
is
used
in
measuring
fair
value
that
maximizes
the
use
of
observable
inputs
and
minimizes
the
use
of
unobservable
inputs
by
requiring
that
the
most
observable
inputs
be
used
when
available.
Observable
inputs
are
inputs
that
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability
developed
based
on
market
data
obtained
from
sources
independent
of
the
Funds.
Unobservable
inputs
are
inputs
that
reflect
the
Fund’s
own
estimates
about
the
estimates
market
participants
would
use
in
pricing
the
asset
or
liability
developed
based
on
the
best
information
available
in
the
circumstances.
January
31,
2024
(unaudited)
280
The
three-tier
hierarchy
of
inputs
is
summarized
in
the
three
broad
levels
listed
below.
Level
1
–
Quoted
prices
are
available
in
active
markets
for
identical
securities
as
of
the
reporting
date.
Investments
which
are
generally
included
in
this
category
include
listed
equities
and
exchange-traded
derivatives.
Level
2
–
Other
significant
observable
inputs
(including
quoted
prices
for
similar
investments,
interest
rates,
prepayment
speeds,
credit
risk,
etc.).
Investments
which
are
generally
included
in
this
category
include
certain
foreign
equities,
corporate
bonds,
municipal
bonds,
OTC
derivatives,
exchange
cleared
derivatives,
senior
floating
rate
interests,
repurchase
agreements,
and
US
Government
and
Government
Agency
Obligations.
Level
3
–
Significant
unobservable
inputs
(including
the
Funds’
assumptions
in
determining
the
fair
value
of
investments).
Investments
which
may
be
included
in
this
category
include
certain
common
stocks,
convertible
preferred
stocks,
corporate
bonds,
preferred
stocks,
or
senior
floating
rate
interests.
The
availability
of
observable
inputs
can
vary
from
security
to
security
and
is
affected
by
a
wide
variety
of
factors,
including,
for
example,
the
type
of
security,
whether
the
security
is
new
and
not
yet
established
in
the
market
place,
and
other
characteristics
particular
to
the
transaction.
To
the
extent
that
valuation
is
based
on
models
or
inputs
that
are
less
observable
or
unobservable
in
the
market,
the
determination
of
fair
value
requires
more
judgment.
Accordingly,
the
degree
of
judgment
exercised
by
the
Funds
in
determining
fair
value
is
greatest
for
instruments
categorized
in
Level
3.
In
certain
cases,
the
inputs
used
to
measure
fair
value
may
fall
into
different
levels
of
the
fair
value
hierarchy.
In
such
cases,
for
disclosure
purposes,
the
level
in
the
fair
value
hierarchy
within
which
the
fair
value
measurement
in
its
entirety
falls
is
determined
based
on
the
lowest
level
input
that
is
significant
to
the
fair
value
measurement
in
its
entirety.
Fair
value
is
a
market
based
measure
considered
from
the
perspective
of
a
market
participant
who
holds
the
asset
rather
than
an
entity
specific
measure.
Therefore,
even
when
market
assumptions
are
not
readily
available,
the
Fund’s
own
assumptions
are
set
to
reflect
those
that
market
participants
would
use
in
pricing
the
asset
or
liability
at
the
measurement
date.
The
Funds
use
prices
and
inputs
that
are
current
as
of
the
measurement
date,
when
available.
Investments
which
are
included
in
the
Level
3
category
may
be
valued
using
quoted
prices
from
brokers
and
dealers
participating
in
the
market
for
these
investments.
These
investments
are
classified
as
Level
3
investments
due
to
the
lack
of
market
transparency
and
market
corroboration
to
support
these
quoted
prices.
Valuation
models
may
be
used
as
the
pricing
source
for
other
investments
classified
as
Level
3.
Valuation
models
rely
on
one
or
more
significant
unobservable
inputs
such
as:
yield
to
maturity,
EBITDA
multiples,
discount
rates,
available
cash,
or
direct
offering
price.
Significant
increases
in
yield
to
maturity,
EBITDA
multiples,
available
cash,
or
direct
offering
price would
have
resulted
in
significantly
higher
fair
value
measurements.
A
significant
increase
in
discount
rates
would
have
resulted
in
a
significantly
lower
fair
value
measurement.
Benchmark
pricing
procedures
set
the
base
price
of
a
security
based
on
current
market
data.
The
base
price
may
be
a
broker-dealer
quote,
transaction
price,
or
internal
value
based
on
relevant
market
data.
The
fair
values
of
these
securities
are
dependent
on
economic,
political
and
other
considerations.
The
values
of
such
securities
may
be
affected
by
significant
changes
in
the
economic
conditions,
changes
in
government
policies,
and
other
factors
(e.g.,
natural
disasters,
accidents,
conflicts,
etc.).
The
inputs
or
methodology
used
for
valuing
securities
are
not
necessarily
an
indication
of
the
risk
associated
with
investing
in
those
instruments.
The
following
is
a
summary
of
the
inputs
used
as
of
January
31,
2024
in
valuing
the
Funds'
securities
carried
at
value
(amounts
shown
in
thousands):
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
California
Municipal
Fund
Investment
Companies*
$
53
$
—
$
—
$
53
Municipal
Bonds*
—
622,274
—
622,274
Total
investments
in
securities
$
53
$
622,274
$
—
$
622,327
January
31,
2024
(unaudited)
281
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
Core
Fixed
Income
Fund
Bonds*
$
—
$
5,591,168
$
—
$
5,591,168
Common
Stocks
Industrial
—
—
24,212
24,212
Investment
Companies*
123,919
—
—
123,919
U.S.
Government
&
Government
Agency
Obligations*
—
4,709,178
—
4,709,178
Total
investments
in
securities
$
123,919
$
10,300,346
$
24,212
$
10,448,477
Core
Plus
Bond
Fund
Bonds*
—
369,943
9
369,952
Common
Stocks
Consumer,
Cyclical
—
54
—
54
Energy
—
—
29
29
Financial
—
1
—
1
Investment
Companies*
14,214
—
—
14,214
Preferred
Stocks*
3,434
—
—
3,434
Senior
Floating
Rate
Interests*
—
5,395
—
5,395
U.S.
Government
&
Government
Agency
Obligations*
—
235,645
—
235,645
Total
investments
in
securities
$
17,648
$
611,038
$
38
$
628,724
Derivative
Assets
Interest
Rate
Contracts
Futures**
2,592
—
—
2,592
Derivative
Liabilities
Credit
Contracts
Exchange
Cleared
Credit
Default
Swaps**
—
(266)
—
(266)
Diversified
Income
Fund
Bonds*
—
1,858,106
82,168
1,940,274
Common
Stocks
Basic
Materials
—
1,404
45,789
47,193
Consumer,
Cyclical
—
867
10,211
11,078
Industrial
—
7,401
6
7,407
Technology
162
444
—
606
Investment
Companies*
223,125
—
—
223,125
Preferred
Stocks
Consumer,
Non-cyclical
—
965
—
965
Financial
15,005
4,002
—
19,007
Government
687
—
—
687
Utilities
9,250
—
—
9,250
Senior
Floating
Rate
Interests*
—
294,479
4,510
298,989
U.S.
Government
&
Government
Agency
Obligations*
—
219,046
—
219,046
Total
investments
in
securities
$
248,229
$
2,386,714
$
142,684
$
2,777,627
Derivative
Assets
Foreign
Exchange
Contracts
Foreign
Currency
Contracts
—
181
—
181
Interest
Rate
Contracts
Futures**
189
—
—
189
Derivative
Liabilities
Foreign
Exchange
Contracts
Foreign
Currency
Contracts
—
(70)
—
(70)
Interest
Rate
Contracts
Futures**
(84)
—
—
(84)
Diversified
International
Fund
Common
Stocks
Basic
Materials
—
100,019
—
100,019
Communications
47,959
191,526
—
239,485
Consumer,
Cyclical
212,620
683,431
—
896,051
Consumer,
Non-cyclical
68,159
768,115
—
836,274
Energy
214,108
72,864
—
286,972
Financial
260,625
933,080
—
1,193,705
Industrial
128,229
632,829
—
761,058
Technology
—
583,219
—
583,219
January
31,
2024
(unaudited)
282
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
Diversified
International
Fund
(continued)
Common
Stocks
(continued)
Utilities
$
—
$
69,011
$
—
$
69,011
Investment
Companies*
50,509
—
—
50,509
Total
investments
in
securities
$
982,209
$
4,034,094
$
—
$
5,016,303
Equity
Income
Fund
Common
Stocks*
8,500,979
—
—
8,500,979
Investment
Companies*
131,021
—
—
131,021
Total
investments
in
securities
$
8,632,000
$
—
$
—
$
8,632,000
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
Bonds*
—
464,245
—
464,245
Convertible
Bonds*
—
980
—
980
Investment
Companies*
37,811
—
—
37,811
Total
investments
in
securities
$
37,811
$
465,225
$
—
$
503,036
Derivative
Assets
Foreign
Exchange
Contracts
Foreign
Currency
Contracts
—
315
—
315
Interest
Rate
Contracts
Exchange
Cleared
Interest
Rate
Swaps**
—
261
—
261
Derivative
Liabilities
Credit
Contracts
Credit
Default
Swaps
—
(812)
—
(812)
Exchange
Cleared
Credit
Default
Swaps**
—
(1,376)
—
(1,376)
Foreign
Exchange
Contracts
Foreign
Currency
Contracts
—
(445)
—
(445)
Interest
Rate
Contracts
Exchange
Cleared
Interest
Rate
Swaps**
—
(62)
—
(62)
Global
Emerging
Markets
Fund
Common
Stocks
Basic
Materials
2,321
3,616
—
5,937
Communications
6,508
24,006
—
30,514
Consumer,
Cyclical
4,624
19,953
—
24,577
Consumer,
Non-cyclical
3,942
21,475
—
25,417
Energy
1,770
8,268
—
10,038
Financial
7,862
39,186
—
47,048
Industrial
4,547
19,908
—
24,455
Technology
3,085
47,985
—
51,070
Utilities
—
3,702
—
3,702
Investment
Companies*
4,909
—
—
4,909
Preferred
Stocks
Consumer,
Cyclical
—
1,020
—
1,020
Energy
2,750
—
—
2,750
Financial
—
37
—
37
Total
investments
in
securities
$
42,318
$
189,156
$
—
$
231,474
Global
Real
Estate
Securities
Fund
Common
Stocks
Communications
—
9,686
—
9,686
Consumer,
Cyclical
7,400
—
—
7,400
Financial
1,233,354
632,014
—
1,865,368
Industrial
—
13,332
—
13,332
Investment
Companies*
19,329
—
—
19,329
Total
investments
in
securities
$
1,260,083
$
655,032
$
—
$
1,915,115
Government
&
High
Quality
Bond
Fund
Bonds*
—
110,898
—
110,898
Investment
Companies*
13,840
—
—
13,840
U.S.
Government
&
Government
Agency
Obligations*
—
634,403
—
634,403
Total
investments
in
securities
$
13,840
$
745,301
$
—
$
759,141
January
31,
2024
(unaudited)
283
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
Government
&
High
Quality
Bond
Fund
(continued)
Derivative
Assets
Interest
Rate
Contracts
Futures**
$
1,949
$
—
$
—
$
1,949
Derivative
Liabilities
Interest
Rate
Contracts
Futures**
(101)
—
—
(101)
High
Income
Fund
Bonds*
—
2,984,171
12,748
2,996,919
Common
Stocks
Basic
Materials
—
1,118
1,469
2,587
Communications
—
—
—
—
Consumer,
Cyclical
—
—
2,690
2,690
Energy
—
—
—
—
Industrial
—
6,820
5
6,825
Technology
133
—
—
133
Utilities
—
—
—
—
Investment
Companies*
212,114
—
—
212,114
Preferred
Stocks
Communications
—
—
—
—
Senior
Floating
Rate
Interests*
—
267,306
3,592
270,898
Total
investments
in
securities
$
212,247
$
3,259,415
$
20,504
$
3,492,166
Derivative
Assets
Foreign
Exchange
Contracts
Foreign
Currency
Contracts
—
170
—
170
Interest
Rate
Contracts
Futures**
10
—
—
10
High
Yield
Fund
Bonds*
—
2,260,887
95
2,260,982
Common
Stocks
Consumer,
Cyclical
—
942
—
942
Energy
—
—
1,087
1,087
Financial
—
26
—
26
Convertible
Bonds*
—
—
—
—
Investment
Companies*
93,027
—
—
93,027
Senior
Floating
Rate
Interests*
—
179,103
—
179,103
U.S.
Government
&
Government
Agency
Obligations*
—
30,410
—
30,410
Total
investments
in
securities
$
93,027
$
2,471,368
$
1,182
$
2,565,577
Derivative
Assets
Foreign
Exchange
Contracts
Foreign
Currency
Contracts
—
33
—
33
Derivative
Liabilities
Foreign
Exchange
Contracts
Foreign
Currency
Contracts
—
(23)
—
(23)
Inflation
Protection
Fund
Bonds*
—
46,399
—
46,399
Investment
Companies*
10,783
—
—
10,783
U.S.
Government
&
Government
Agency
Obligations*
—
1,508,734
—
1,508,734
Purchased
Options
293
—
—
293
Purchased
Interest
Rate
Swaptions
—
502
—
502
Total
investments
in
securities
$
11,076
$
1,555,635
$
—
$
1,566,711
Derivative
Assets
Foreign
Exchange
Contracts
Foreign
Currency
Contracts
—
343
—
343
Interest
Rate
Contracts
Exchange
Cleared
Interest
Rate
Swaps**
—
122
—
122
Futures**
77
—
—
77
Derivative
Liabilities
Foreign
Exchange
Contracts
Foreign
Currency
Contracts
—
(80)
—
(80)
Interest
Rate
Contracts
Exchange
Cleared
Interest
Rate
Swaps**
—
(249)
—
(249)
Futures**
(688)
—
—
(688)
January
31,
2024
(unaudited)
284
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
Inflation
Protection
Fund
(continued)
Interest
Rate
Contracts
(continued)
Written
Interest
Rate
Swaptions
$
—
$
(1,749)
$
—
$
(1,749)
Written
Options
(298)
—
—
(298)
International
Fund
I
Common
Stocks
Basic
Materials
—
8,692
—
8,692
Communications
10,361
15,445
—
25,806
Consumer,
Cyclical
4,457
39,652
—
44,109
Consumer,
Non-cyclical
—
41,556
—
41,556
Energy
3,538
10,239
—
13,777
Financial
13,480
59,353
—
72,833
Industrial
2,958
37,870
—
40,828
Technology
6,448
41,690
—
48,138
Utilities
—
1,902
—
1,902
Investment
Companies*
3,195
—
—
3,195
Preferred
Stocks*
2,813
—
—
2,813
Total
investments
in
securities
$
47,250
$
256,399
$
—
$
303,649
LargeCap
Growth
Fund
I
Common
Stocks
Basic
Materials
6,080
—
—
6,080
Communications
1,908,737
—
—
1,908,737
Consumer,
Cyclical
646,488
—
—
646,488
Consumer,
Non-cyclical
2,055,274
—
—
2,055,274
Energy
40,509
—
—
40,509
Financial
819,988
—
—
819,988
Industrial
414,242
—
—
414,242
Technology
3,930,106
—
2,601
3,932,707
Utilities
499
—
—
499
Convertible
Preferred
Stocks
Basic
Materials
—
—
2,101
2,101
Consumer,
Cyclical
—
—
3,009
3,009
Technology
—
—
3,794
3,794
Investment
Companies*
238,420
—
—
238,420
Total
investments
in
securities
$
10,060,343
$
—
$
11,505
$
10,071,848
Derivative
Liabilities
Equity
Contracts
Futures**
(534)
—
—
(534)
LargeCap
S&P
500
Index
Fund
Common
Stocks*
6,900,425
—
—
6,900,425
Investment
Companies*
172,522
—
—
172,522
Total
investments
in
securities
$
7,072,947
$
—
$
—
$
7,072,947
Derivative
Assets
Equity
Contracts
Futures**
4,682
—
—
4,682
LargeCap
Value
Fund
III
Common
Stocks
Basic
Materials
90,901
—
—
90,901
Communications
132,997
—
—
132,997
Consumer,
Cyclical
270,138
—
—
270,138
Consumer,
Non-cyclical
604,462
—
—
604,462
Energy
288,738
—
—
288,738
Financial
650,812
—
—
650,812
Industrial
352,778
—
—
352,778
Technology
419,317
—
—
419,317
Utilities
137,542
—
—
137,542
Investment
Companies*
87,088
—
—
87,088
Total
investments
in
securities
$
3,034,773
$
—
$
—
$
3,034,773
Derivative
Assets
Equity
Contracts
Futures**
381
—
—
381
January
31,
2024
(unaudited)
285
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
MidCap
Fund
Common
Stocks
Basic
Materials
$
124,543
$
—
$
—
$
124,543
Communications
699,698
—
—
699,698
Consumer,
Cyclical
5,878,781
—
—
5,878,781
Consumer,
Non-cyclical
2,385,070
—
—
2,385,070
Financial
5,635,195
—
—
5,635,195
Industrial
3,586,447
—
—
3,586,447
Technology
2,896,307
—
—
2,896,307
Utilities
760,748
—
—
760,748
Investment
Companies*
45,519
—
—
45,519
Total
investments
in
securities
$
22,012,308
$
—
$
—
$
22,012,308
MidCap
Growth
Fund
Common
Stocks*
207,493
—
—
207,493
Investment
Companies*
5,802
—
—
5,802
Total
investments
in
securities
$
213,295
$
—
$
—
$
213,295
MidCap
Growth
Fund
III
Common
Stocks*
1,231,490
—
—
1,231,490
Investment
Companies*
22,142
—
—
22,142
Total
investments
in
securities
$
1,253,632
$
—
$
—
$
1,253,632
Derivative
Liabilities
Equity
Contracts
Futures**
(14)
—
—
(14)
MidCap
S&P
400
Index
Fund
Common
Stocks*
1,363,386
—
—
1,363,386
Investment
Companies*
44,582
—
—
44,582
Total
investments
in
securities
$
1,407,968
$
—
$
—
$
1,407,968
Derivative
Liabilities
Equity
Contracts
Futures**
(802)
—
—
(802)
MidCap
Value
Fund
I
Common
Stocks
Basic
Materials
157,401
—
—
157,401
Communications
80,868
—
—
80,868
Consumer,
Cyclical
573,075
—
—
573,075
Consumer,
Non-cyclical
601,306
—
—
601,306
Energy
143,772
—
—
143,772
Financial
846,914
—
—
846,914
Industrial
796,601
—
—
796,601
Technology
371,765
—
—
371,765
Utilities
117,695
—
—
117,695
Investment
Companies*
85,124
—
—
85,124
Total
investments
in
securities
$
3,774,521
$
—
$
—
$
3,774,521
Derivative
Assets
Equity
Contracts
Futures**
5
—
—
5
Overseas
Fund
Common
Stocks
Basic
Materials
—
164,802
—
164,802
Communications
—
49,956
—
49,956
Consumer,
Cyclical
24,462
238,973
—
263,435
Consumer,
Non-cyclical
865
513,366
—
514,231
Diversified
—
401
—
401
Energy
49,092
117,879
—
166,971
Financial
5,705
430,492
—
436,197
Industrial
14,230
432,283
—
446,513
Technology
—
97,925
—
97,925
January
31,
2024
(unaudited)
286
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
Overseas
Fund
(continued)
Common
Stocks
(continued)
Utilities
$
—
$
122,288
$
—
$
122,288
Investment
Companies*
82,530
—
—
82,530
Preferred
Stocks
Consumer,
Cyclical
—
14,029
—
14,029
Consumer,
Non-cyclical
—
25,904
—
25,904
Total
investments
in
securities
$
176,884
$
2,208,298
$
—
$
2,385,182
Derivative
Assets
Equity
Contracts
Futures**
115
—
—
115
Principal
Capital
Appreciation
Fund
Common
Stocks*
3,983,837
—
—
3,983,837
Investment
Companies*
39,838
—
—
39,838
Total
investments
in
securities
$
4,023,675
$
—
$
—
$
4,023,675
Principal
LifeTime
2015
Fund
Investment
Companies*
251,347
—
—
251,347
Total
investments
in
securities
$
251,347
$
—
$
—
$
251,347
Principal
LifeTime
2020
Fund
Investment
Companies*
2,472,053
—
—
2,472,053
Total
investments
in
securities
$
2,472,053
$
—
$
—
$
2,472,053
Principal
LifeTime
2025
Fund
Investment
Companies*
1,580,256
—
—
1,580,256
Total
investments
in
securities
$
1,580,256
$
—
$
—
$
1,580,256
Principal
LifeTime
2030
Fund
Investment
Companies*
5,366,365
—
—
5,366,365
Total
investments
in
securities
$
5,366,365
$
—
$
—
$
5,366,365
Principal
LifeTime
2035
Fund
Investment
Companies*
1,826,896
—
—
1,826,896
Total
investments
in
securities
$
1,826,896
$
—
$
—
$
1,826,896
Principal
LifeTime
2040
Fund
Investment
Companies*
4,401,382
—
—
4,401,382
Total
investments
in
securities
$
4,401,382
$
—
$
—
$
4,401,382
Principal
LifeTime
2045
Fund
Investment
Companies*
1,503,365
—
—
1,503,365
Total
investments
in
securities
$
1,503,365
$
—
$
—
$
1,503,365
Principal
LifeTime
2050
Fund
Investment
Companies*
2,993,680
—
—
2,993,680
Total
investments
in
securities
$
2,993,680
$
—
$
—
$
2,993,680
Principal
LifeTime
2055
Fund
Investment
Companies*
964,088
—
—
964,088
Total
investments
in
securities
$
964,088
$
—
$
—
$
964,088
Principal
LifeTime
2060
Fund
Investment
Companies*
906,025
—
—
906,025
Total
investments
in
securities
$
906,025
$
—
$
—
$
906,025
Principal
LifeTime
2065
Fund
Investment
Companies*
167,996
—
—
167,996
Total
investments
in
securities
$
167,996
$
—
$
—
$
167,996
January
31,
2024
(unaudited)
287
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
Principal
LifeTime
2070
Fund
Investment
Companies*
$
15,548
$
—
$
—
$
15,548
Total
investments
in
securities
$
15,548
$
—
$
—
$
15,548
Principal
LifeTime
Hybrid
2015
Fund
Investment
Companies*
260,168
—
—
260,168
Total
investments
in
securities
$
260,168
$
—
$
—
$
260,168
Principal
LifeTime
Hybrid
2020
Fund
Investment
Companies*
509,565
—
—
509,565
Total
investments
in
securities
$
509,565
$
—
$
—
$
509,565
Principal
LifeTime
Hybrid
2025
Fund
Investment
Companies*
742,325
—
—
742,325
Total
investments
in
securities
$
742,325
$
—
$
—
$
742,325
Principal
LifeTime
Hybrid
2030
Fund
Investment
Companies*
785,560
—
—
785,560
Total
investments
in
securities
$
785,560
$
—
$
—
$
785,560
Principal
LifeTime
Hybrid
2035
Fund
Investment
Companies*
581,118
—
—
581,118
Total
investments
in
securities
$
581,118
$
—
$
—
$
581,118
Principal
LifeTime
Hybrid
2040
Fund
Investment
Companies*
615,311
—
—
615,311
Total
investments
in
securities
$
615,311
$
—
$
—
$
615,311
Principal
LifeTime
Hybrid
2045
Fund
Investment
Companies*
393,237
—
—
393,237
Total
investments
in
securities
$
393,237
$
—
$
—
$
393,237
Principal
LifeTime
Hybrid
2050
Fund
Investment
Companies*
344,989
—
—
344,989
Total
investments
in
securities
$
344,989
$
—
$
—
$
344,989
Principal
LifeTime
Hybrid
2055
Fund
Investment
Companies*
203,352
—
—
203,352
Total
investments
in
securities
$
203,352
$
—
$
—
$
203,352
Principal
LifeTime
Hybrid
2060
Fund
Investment
Companies*
101,516
—
—
101,516
Total
investments
in
securities
$
101,516
$
—
$
—
$
101,516
Principal
LifeTime
Hybrid
2065
Fund
Investment
Companies*
29,504
—
—
29,504
Total
investments
in
securities
$
29,504
$
—
$
—
$
29,504
Principal
LifeTime
Hybrid
2070
Fund
Investment
Companies*
1,785
—
—
1,785
Total
investments
in
securities
$
1,785
$
—
$
—
$
1,785
Principal
LifeTime
Hybrid
Income
Fund
Investment
Companies*
119,629
—
—
119,629
Total
investments
in
securities
$
119,629
$
—
$
—
$
119,629
January
31,
2024
(unaudited)
288
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
Principal
LifeTime
Strategic
Income
Fund
Investment
Companies*
$
802,186
$
—
$
—
$
802,186
Total
investments
in
securities
$
802,186
$
—
$
—
$
802,186
Real
Estate
Securities
Fund
Common
Stocks*
5,726,912
—
—
5,726,912
Investment
Companies*
36,801
—
—
36,801
Total
investments
in
securities
$
5,763,713
$
—
$
—
$
5,763,713
SAM
Balanced
Portfolio
Investment
Companies*
4,394,452
—
—
4,394,452
Total
investments
in
securities
$
4,394,452
$
—
$
—
$
4,394,452
SAM
Conservative
Balanced
Portfolio
Investment
Companies*
1,774,931
—
—
1,774,931
Total
investments
in
securities
$
1,774,931
$
—
$
—
$
1,774,931
SAM
Conservative
Growth
Portfolio
Investment
Companies*
3,026,783
—
—
3,026,783
Total
investments
in
securities
$
3,026,783
$
—
$
—
$
3,026,783
SAM
Flexible
Income
Portfolio
Investment
Companies*
2,402,807
—
—
2,402,807
Total
investments
in
securities
$
2,402,807
$
—
$
—
$
2,402,807
SAM
Strategic
Growth
Portfolio
Investment
Companies*
2,095,431
—
—
2,095,431
Total
investments
in
securities
$
2,095,431
$
—
$
—
$
2,095,431
Short-Term
Income
Fund
Bonds*
—
2,594,230
—
2,594,230
Investment
Companies*
123,982
—
—
123,982
U.S.
Government
&
Government
Agency
Obligations*
—
119,180
—
119,180
Total
investments
in
securities
$
123,982
$
2,713,410
$
—
$
2,837,392
Derivative
Assets
Interest
Rate
Contracts
Futures**
4,550
—
—
4,550
SmallCap
Fund
Common
Stocks*
1,247,050
—
—
1,247,050
Investment
Companies*
20,104
—
—
20,104
Total
investments
in
securities
$
1,267,154
$
—
$
—
$
1,267,154
SmallCap
Growth
Fund
I
Common
Stocks
Basic
Materials
59,916
—
—
59,916
Communications
84,508
—
—
84,508
Consumer,
Cyclical
263,499
—
—
263,499
Consumer,
Non-cyclical
711,627
—
2
711,629
Energy
69,098
—
—
69,098
Financial
177,206
—
—
177,206
Industrial
407,656
—
—
407,656
Technology
453,698
—
—
453,698
Utilities
3,330
—
—
3,330
Investment
Companies*
118,049
—
—
118,049
Total
investments
in
securities
$
2,348,587
$
—
$
2
$
2,348,589
Derivative
Liabilities
Equity
Contracts
Futures**
(284)
—
—
(284)
January
31,
2024
(unaudited)
289
Certain
detailed
information
is
provided
for
those
Funds
with
significant
investments
in
Level
3
securities.
Significant
unobservable
inputs
used
in
the
fair
value
measurements
categorized
within
Level
3
of
the
fair
value
hierarchy
is
as
follows
(amounts
in
thousands):
*Unobservable
inputs
were
weighted
by
the
relative
fair
value
of
the
instruments.
The
changes
in
investments
measured
at
fair
value
for
which
Level
3
inputs
have
been
used
to
determine
fair
value
are
as
follows
(amounts
in
thousands):
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
SmallCap
S&P
600
Index
Fund
Common
Stocks
Basic
Materials
$
43,753
$
—
$
—
$
43,753
Communications
42,140
—
—
42,140
Consumer,
Cyclical
192,023
—
—
192,023
Consumer,
Non-cyclical
199,834
—
—
199,834
Energy
64,588
—
—
64,588
Financial
288,075
—
—
288,075
Industrial
202,216
—
—
202,216
Technology
88,856
—
—
88,856
Utilities
22,441
—
—
22,441
Investment
Companies*
33,344
—
—
33,344
Total
investments
in
securities
$
1,177,270
$
—
$
—
$
1,177,270
Derivative
Liabilities
Equity
Contracts
Futures**
(587)
—
—
(587)
SmallCap
Value
Fund
II
Common
Stocks
Basic
Materials
68,900
—
—
68,900
Communications
13,752
—
—
13,752
Consumer,
Cyclical
222,347
—
—
222,347
Consumer,
Non-cyclical
129,544
—
8
129,552
Energy
106,390
—
—
106,390
Financial
444,171
—
—
444,171
Government
81
—
—
81
Industrial
238,186
—
—
238,186
Technology
82,851
12
—
82,863
Utilities
37,071
—
—
37,071
Investment
Companies*
51,953
—
—
51,953
Total
investments
in
securities
$
1,395,246
$
12
$
8
$
1,395,266
Derivative
Liabilities
Equity
Contracts
Futures**
(87)
—
—
(87)
Tax-Exempt
Bond
Fund
Investment
Companies*
480
—
—
480
Municipal
Bonds*
—
569,037
—
569,037
Total
investments
in
securities
$
480
$
569,037
$
—
$
569,517
*For
additional
detail
regarding
sector
and/or
sub-industry
classifications,
please
see
the
schedules
of
investments.
**Exchange
cleared
swaps
and
futures
are
presented
at
the
unrealized
appreciation/(depreciation)
of
the
instrument.
Fund
Asset
Type
Fair
Value
as
of
January
31,
2024
Valuation
Technique
Unobservable
Input
Input
Valuations
(weighted
average)*
Impact
to
valuation
if
input
had
increased
Diversified
Income
Fund
Bonds
$
82,168
Yield
Analysis
Yield
to
Maturity
11.9%
–
15.1%
(13.7)%
Increase
—
Litigation
Settlement
Proceeds
Expected
Recovery
$0.00
Decrease
Common
Stocks
43,944
Enterprise
Valuation
Model
EBITDA
Multiples
5.1
–
8.1x
(6.1x)
Increase
Discounted
Cash
Flow
Discount
Rate
13.9%
–
16.9%
(15.0)%
Decrease
1,845
Liquidation
Analysis
Discount
Rate
56.7%
Decrease
10,217
Market
Quotations
Broker
Quote
$
0.10-26.50
($26.49)
Increase
Senior
Floating
Rate
Interests
4,510
Precedent
Transaction
Analysis
Direct
Offering
Price
$
100.00
Increase
Total
$
142,684
January
31,
2024
(unaudited)
290
*Securities
are
transferred
into
Level
3
for
a
variety
of
reasons
including,
but
not
limited
to:
1.
Securities
where
trading
has
been
halted
2.
Securities
that
have
certain
restrictions
on
trading
3.
Instances
in
which
a
security
is
not
priced
by
a
pricing
service
**Securities
are
transferred
out
of
Level
3
for
a
variety
of
reasons
including,
but
not
limited
to:
1.
Securities
where
trading
resumes
2.
Securities
where
trading
restrictions
have
expired
3.
Instances
in
which
a
price
becomes
available
from
a
pricing
service
At
the
end
of
the
year,
there
were
no
other
Funds
which
had
a
significant
Level
3
balance.
During
the
year,
there
were
no
significant
purchases,
sales,
or
transfers
into
or
out
of
Level
3,
except
as
noted
above.
The
Funds'
Schedules
of
Investments
as
of
January
31,
2024
have
not
been
audited.
This
report
is
provided
for
the
general
information
of
the
Funds'
shareholders.
For
more
information
regarding
the
Fund
and
its
holdings,
please
see
the
Funds'
prospectus
and
annual
report.
Fund
Value
as
of
October
31,
2023
Realized
Gain/
(Loss)
Accrued
Discounts/
Premiums
and
Change
in
Unrealized
Gain/
(Loss)
Purchases
Proceeds
from
Sales
Transfers
into
Level
3*
Transfers
Out
of
Level
3**
Value
as
of
January
31,
2024
Net
Change
in
Unrealized
Appreciation/
(Depreciation)
on
Investments
held
at
January
31,
2024
Diversified
Income
Fund
Bonds
$
80,444
$
—
$
616
$
1,108
$
—
$
—
$
—
$
82,168
$
280
Common
Stock
41,860
—
273
—
—
13,873
—
56,006
273
Senior
Floating
Rate
Interests
4,510
—
—
—
—
—
—
4,510
—
Total
$
126,814
$
—
$
889
$
1,108
$
—
$
13,873
$
—
$
142,684
$
553