% Net Assets Long-Term Bonds 50.7% Asset-Backed Securities 0.1% Total Asset-Backed Securities 361, % Corporate Bonds 43.0%

Transcription

1 Portfolio of Investments April 30, 2018 (Unaudited) Principal Amount Value % Net Assets Long-Term Bonds 50.7% Asset-Backed Securities 0.1% Home Equity JPMorgan Mortgage Acquisition Trust Series 2007-HE1, Class AF % (1 Month LIBOR %), due 3/25/47 180, , % MASTR Asset-Backed Securities Trust Series 2006-HE4, Class A % (1 Month LIBOR %), due 11/25/36 247, , % 247, % Student Loans KeyCorp Student Loan Trust Series 2000-A, Class A % (3 Month LIBOR %), due 5/25/29 114, , % Total Asset-Backed Securities 361, % Corporate Bonds 43.0% Aerospace & Defense KLX, Inc %, due 12/1/22 (a) 1,355,000 1,414, % Orbital ATK, Inc. 5.50%, due 10/1/23 1,135,000 1,188, % Triumph Group, Inc %, due 4/1/21 450, , % 3,039, % Agriculture Bunge, Ltd. Finance Corp. 3.25%, due 8/15/26 970, , % Philip Morris International, Inc %, due 2/21/19 1,260,000 1,250, % Reynolds American, Inc %, due 6/23/19 (United Kingdom) 165, , % 2,314, % Airlines American Airlines Group, Inc %, due 3/1/20 (a) 1,400,000 1,410, % American Airlines, Inc. Series , Class AA, Pass Through Trust 3.35%, due 4/15/31 500, , % Series , Class AA, Pass Through Trust 3.60%, due 3/22/29 905, , % Continental Airlines, Inc. Series , Class 2, Pass Through Trust 7.25%, due 5/10/21 283, , % Series 2003-ERJ %, due 1/2/20 26,119 26, % Northwest Airlines, Inc. Series , Class A 7.027%, due 5/1/21 1,021,749 1,073, % U.S. Airways Group, Inc.

2 Series , Class A 5.90%, due 4/1/26 746, , % Series , Class A, Pass Through Trust 6.25%, due 10/22/24 411, , % United Airlines, Inc. Series , Class B 4.625%, due 3/3/24 382, , % Series , Pass Through Trust 6.636%, due 1/2/24 484, , % 6,326, % Apparel Hanesbrands, Inc %, due 5/15/24 (a) 1,315,000 1,268, % Auto Manufacturers Ford Motor Co %, due 10/1/28 500, , % 7.45%, due 7/16/31 455, , % Ford Motor Credit Co. LLC 5.875%, due 8/2/21 150, , % General Motors Financial Co., Inc. 3.15%, due 6/30/22 320, , % 3.45%, due 4/10/22 1,500,000 1,479, % 3.70%, due 5/9/23 500, , % 4.20%, due 3/1/21 925, , % Toyota Motor Credit Corp. 2.90%, due 4/17/24 1,670,000 1,617, % 6,106, % Auto Parts & Equipment Goodyear Tire & Rubber Co %, due 11/15/23 910, , % Schaeffler Finance B.V. 4.75%, due 5/15/23 (Germany) (a) 1,245,000 1,265, % Tenneco, Inc. 5.00%, due 7/15/26 150, , % ZF North America Capital, Inc. 4.75%, due 4/29/25 (Germany) (a) 1,150,000 1,171, % 3,482, % Banks Bank of America Corp %, due 1/23/22 1,150,000 1,131, % 3.004%, due 12/20/23 (a) 734, , % 3.50%, due 4/19/26 150, , % 3.705% (3 Month LIBOR %), due 4/24/28 555, , % 5.875%, due 2/7/42 180, , % 6.11%, due 1/29/37 1,105,000 1,287, % 6.30% (3 Month LIBOR %), due 12/29/49 735, , % Bank of New York Mellon Corp % (3 Month LIBOR %), due 12/29/49 1,130,000 1,087, % Barclays PLC 5.20%, due 5/12/26 (United Kingdom) 1,530,000 1,529, % BB&T Corp. 2.15%, due 2/1/21 815, , % 2.75%, due 4/1/22 1,470,000 1,437, % Capital One Financial Corp. 4.20%, due 10/29/25 165, , %

3 Citibank N.A %, due 10/20/20 1,615,000 1,574, % Citigroup, Inc. 3.40%, due 5/1/26 255, , % 3.668% (3 Month LIBOR %), due 7/24/28 430, , % 3.70%, due 1/12/26 545, , % 4.05%, due 7/30/22 105, , % 5.30%, due 5/6/44 436, , % 6.625%, due 6/15/32 190, , % Citizens Bank N.A. 2.55%, due 5/13/21 475, , % Citizens Financial Group, Inc. 4.30%, due 12/3/25 1,190,000 1,187, % Discover Bank 8.70%, due 11/18/19 795, , % Goldman Sachs Group, Inc. 2.30%, due 12/13/19 625, , % 2.905% (3 Month LIBOR %), due 7/24/23 310, , % 2.908% (3 Month LIBOR %), due 6/5/23 285, , % 3.625%, due 1/22/23 1,330,000 1,324, % 4.223%, due 5/1/29 785, , % 5.00%, due 12/31/99 1,095,000 1,051, % 5.25%, due 7/27/21 1,295,000 1,369, % 6.75%, due 10/1/37 159, , % 7.50%, due 2/15/19 740, , % Huntington Bancshares, Inc. 3.15%, due 3/14/21 1,295,000 1,289, % 5.70%, due 12/31/99 800, , % & Co. 3.54% (3 Month LIBOR %), due 5/1/28 800, , % 5.15% (3 Month LIBOR %), due 12/29/49 1,740,000 1,722, % Kreditanstalt Fuer Wiederaufbau 1.00%, due 6/11/18 (Germany) 1,580,000 1,578, % 1.50%, due 2/6/19 (Germany) 2,925,000 2,905, % Lloyds Banking Group PLC 4.582%, due 12/10/25 (United Kingdom) 508, , % 4.65%, due 3/24/26 (United Kingdom) 1,075,000 1,068, % Morgan Stanley 2.375%, due 7/23/19 1,565,000 1,557, % 3.125%, due 1/23/23 1,560,000 1,524, % 4.875%, due 11/1/22 495, , % 5.00%, due 11/24/25 1,150,000 1,192, % 5.45% (3 Month LIBOR %), due 12/31/49 790, , % 6.25%, due 8/9/26 881,000 1,006, % PNC Bank N.A. 2.55%, due 12/9/21 815, , % Royal Bank of Scotland Group PLC 6.00%, due 12/19/23 (United Kingdom) 70,000 74, % 6.125%, due 12/15/22 (United Kingdom) 550, , % Santander Holdings USA, Inc. 4.40%, due 7/13/27 850, , % Santander UK Group Holdings PLC 3.571%, due 1/10/23 (United Kingdom) 790, , % 3.823%, due 11/3/28 (United Kingdom) 475, , % State Street Corp. 2.55%, due 8/18/20 915, , % Toronto-Dominion Bank 1.80%, due 7/13/21 (Canada) 1,535,000 1,469, % U.S. Bank N.A. 2.00%, due 1/24/20 1,500,000 1,476, %

4 Wells Fargo & Co % (3 Month LIBOR %), due 5/22/28 855, , % Wells Fargo Bank N.A. 2.40%, due 1/15/20 1,610,000 1,594, % 49,539, % Beverages Anheuser-Busch InBev Finance, Inc. 3.65%, due 2/1/26 (Belgium) 2,040,000 1,994, % Anheuser-Busch InBev Worldwide, Inc. 3.50%, due 1/12/24 (Belgium) 245, , % 4.60%, due 4/15/48 (Belgium) 800, , % Coca-Cola Co %, due 5/30/19 1,390,000 1,373, % Constellation Brands, Inc. 4.25%, due 5/1/23 760, , % Molson Coors Brewing Co. 3.00%, due 7/15/26 750, , % PepsiCo, Inc. 1.35%, due 10/4/19 800, , % 1.55%, due 5/2/19 600, , % 2.375%, due 10/6/26 800, , % 3.00%, due 10/15/27 1,000, , % 8,924, % Biotechnology Biogen, Inc %, due 9/15/22 1,240,000 1,240, % Celgene Corp %, due 5/15/24 1,400,000 1,368, % 4.55%, due 2/20/48 585, , % 3,158, % Building Materials Cemex S.A.B. de C.V. 7.75%, due 4/16/26 (Mexico) (a) 1,515,000 1,661, % Johnson Controls International PLC 4.50%, due 2/15/47 470, , % Masco Corp %, due 4/1/26 575, , % Standard Industries, Inc %, due 11/15/24 (a) 1,000,000 1,013, % 3,719, % Chemicals Air Liquide Finance S.A. (a) 1.375%, due 9/27/19 (France) 900, , % 1.75%, due 9/27/21 (France) 610, , % Ashland LLC 4.75%, due 8/15/22 1,000,000 1,008, % Braskem Netherlands Finance B.V. 4.50%, due 1/10/28 (Netherlands) (a) 1,490,000 1,396, % Dow Chemical Co %, due 11/15/21 710, , % 8.55%, due 5/15/19 45,000 47, % Mexichem S.A.B. de C.V. 4.00%, due 10/4/27 (Mexico) (a) 625, , %

5 WR Grace & Co-Conn 5.125%, due 10/1/21 (a) 765, , % 6,007, % Commercial Services Herc Rentals, Inc. 7.75%, due 6/1/24 (a) 619, , % Service Corp. International 4.625%, due 12/15/27 370, , % 5.375%, due 1/15/22 1,005,000 1,023, % 2,053, % Computers Apple, Inc. 1.55%, due 8/4/21 545, , % 3.20%, due 5/11/27 320, , % 3.35%, due 2/9/27 1,250,000 1,223, % 3.85%, due 8/4/46 395, , % 2,427, % Cosmetics & Personal Care Unilever Capital Corp. 1.80%, due 5/5/20 (United Kingdom) 1,100,000 1,076, % Distribution & Wholesale LKQ European Holdings B.V %, due 4/1/26 (a) EUR 810, , % Diversified Financial Services AerCap Ireland Capital DAC / AerCap Global Aviation Trust 4.625%, due 10/30/20 (Ireland) $ 1,600,000 1,641, % Air Lease Corp %, due 1/15/20 730, , % 2.75%, due 1/15/23 500, , % 4.25%, due 9/15/24 420, , % Caterpillar Financial Services Corp. 2.90%, due 3/15/21 1,735,000 1,729, % CIT Group, Inc %, due 2/19/19 445, , % GE Capital International Funding Co %, due 11/15/20 4,500,000 4,397, % International Lease Finance Corp %, due 4/1/19 460, , % OneMain Financial Holdings LLC 7.25%, due 12/15/21 (a) 262, , % Peachtree Corners Funding Trust 3.976%, due 2/15/25 (a) 425, , % Springleaf Finance Corp. 6.00%, due 6/1/20 210, , % Synchrony Financial 4.50%, due 7/23/25 1,735,000 1,706, % 12,919, % Electric AEP Transmission Co. LLC 3.10%, due 12/1/26 850, , % CMS Energy Corp %, due 3/1/24 550, , % 5.05%, due 3/15/22 430, , %

6 6.25%, due 2/1/20 435, , % Consolidated Edison, Inc. 2.00%, due 3/15/20 435, , % Duquesne Light Holdings, Inc. 6.40%, due 9/15/20 (a) 925, , % FirstEnergy Transmission LLC 5.45%, due 7/15/44 (a) 1,120,000 1,257, % Florida Power & Light Co. 3.70%, due 12/1/47 715, , % Great Plains Energy, Inc %, due 6/15/22 500, , % MidAmerican Energy Co. 3.95%, due 8/1/47 300, , % 4.40%, due 10/15/44 790, , % PECO Energy Co. 4.80%, due 10/15/43 425, , % Potomac Electric Power Co. 4.15%, due 3/15/43 615, , % PPL Electric Utilities Corp. 3.95%, due 6/1/47 780, , % Public Service Electric & Gas Co. 3.00%, due 5/15/27 800, , % Puget Energy, Inc %, due 7/15/22 350, , % WEC Energy Group, Inc % (3 Month LIBOR %), due 5/15/67 480, , % 10,744, % Entertainment International Game Technology PLC 5.625%, due 2/15/20 (a) 805, , % Environmental Controls Republic Services, Inc. 4.75%, due 5/15/23 580, , % Waste Management, Inc. 2.40%, due 5/15/23 810, , % 3.15%, due 11/15/27 375, , % 1,727, % Food Kerry Group Financial Services 3.20%, due 4/9/23 (Ireland) (a) 1,290,000 1,263, % Kraft Heinz Foods Co %, due 2/15/25 (a) 831, , % 5.00%, due 6/4/42 420, , % Kroger Co. 1.50%, due 9/30/19 905, , % Mondelez International Holdings Netherlands B.V. (a) 1.625%, due 10/28/19 (Netherlands) 985, , % 2.00%, due 10/28/21 (Netherlands) 1,110,000 1,057, % Smithfield Foods, Inc. (a) 2.70%, due 1/31/20 605, , % 3.35%, due 2/1/22 565, , % Sysco Corp. 3.30%, due 7/15/26 865, , %

7 Tyson Foods, Inc. 3.95%, due 8/15/24 1,810,000 1,806, % 9,224, % Gas AmeriGas Partners, L.P. / AmeriGas Finance Corp. 5.50%, due 5/20/25 320, , % 5.625%, due 5/20/24 525, , % 5.75%, due 5/20/27 220, , % NiSource, Inc. 3.49%, due 5/15/27 1,320,000 1,264, % 2,313, % Health Care - Products Abbott Laboratories 3.75%, due 11/30/26 785, , % Baxter International, Inc. 3.50%, due 8/15/46 900, , % Becton Dickinson & Co. 3.70%, due 6/6/27 1,555,000 1,472, % Medtronic Global Holdings SCA 1.70%, due 3/28/19 1,105,000 1,096, % Stryker Corp %, due 3/15/21 1,220,000 1,203, % Thermo Fisher Scientific, Inc. 3.00%, due 4/15/23 525, , % 5,824, % Health Care - Services Cigna Corp %, due 12/15/20 135, , % Laboratory Corp. of America Holdings 2.50%, due 11/1/18 1,255,000 1,255, % 1,393, % Holding Company - Diversified CK Hutchison International (17) II, Ltd. 3.25%, due 9/29/27 (Hong Kong) (a) 925, , % Home Builders Lennar Corp. 4.50%, due 6/15/19 1,100,000 1,108, % 4.50%, due 11/15/19 200, , % 8.375%, due 5/15/18 (a) 800, , % MDC Holdings, Inc %, due 2/1/20 1,100,000 1,130, % Toll Brothers Finance Corp %, due 2/15/22 670, , % TRI Pointe Group, Inc. / TRI Pointe Homes, Inc %, due 6/15/24 1,430,000 1,449, % 5,398, % Housewares Newell Brands, Inc. 3.85%, due 4/1/23 505, , % Insurance Alterra Finance LLC 6.25%, due 9/30/20 75,000 79, %

8 AXA Equitable Holdings, Inc. 5.00%, due 4/20/48 (a) 830, , % CNA Financial Corp. 4.50%, due 3/1/26 1,260,000 1,291, % Jackson National Life Global Funding 2.20%, due 1/30/20 (a) 1,295,000 1,277, % Liberty Mutual Group, Inc. (a) 4.25%, due 6/15/23 295, , % 6.50%, due 3/15/35 130, , % 7.80%, due 3/7/87 1,195,000 1,445, % Markel Corp. 5.00%, due 4/5/46 870, , % MassMutual Global Funding II (a) 2.10%, due 8/2/18 350, , % 2.50%, due 10/17/22 1,270,000 1,223, % 2.95%, due 1/11/25 365, , % Metropolitan Life Global Funding I 1.75%, due 9/19/19 (a) 735, , % Oil Insurance, Ltd. 5.29% (3 Month LIBOR %), due 12/29/49 (a) 580, , % Pricoa Global Funding I 2.55%, due 11/24/20 (a) 765, , % Principal Life Global Funding II 2.375%, due 11/21/21 (a) 1,470,000 1,420, % Protective Life Corp. 8.45%, due 10/15/39 725,000 1,054, % Provident Cos., Inc. 7.25%, due 3/15/28 925,000 1,110, % Prudential Financial, Inc %, due 3/27/48 660, , % 5.625% (3 Month LIBOR %), due 6/15/43 795, , % Voya Financial, Inc. 3.65%, due 6/15/26 310, , % XLIT, Ltd. 4.45%, due 3/31/25 775, , % 16,369, % Internet Alibaba Group Holding, Ltd. 4.00%, due 12/6/37 (China) 1,295,000 1,219, % Amazon.com, Inc. 3.30%, due 12/5/21 755, , % 3.875%, due 8/22/37 (a) 560, , % 5.20%, due 12/3/25 1,210,000 1,338, % Booking Holdings, Inc. 3.60%, due 6/1/26 795, , % ebay, Inc. 3.80%, due 3/9/22 1,380,000 1,395, % Expedia Group, Inc. 3.80%, due 2/15/28 179, , % Match Group, Inc %, due 6/1/24 1,500,000 1,582, % Tencent Holdings, Ltd. (a) 3.595%, due 1/19/28 (China) 440, , % 3.925%, due 1/19/38 (China) 675, , % 8,840, %

9 Iron & Steel ArcelorMittal 7.25%, due 10/15/39 (Luxembourg) 1,000,000 1,185, % Vale Overseas, Ltd %, due 11/21/36 (Brazil) 635, , % 1,921, % Lodging Choice Hotels International, Inc. 5.75%, due 7/1/22 1,229,000 1,299, % Hilton Domestic Operating Co., Inc. 4.25%, due 9/1/24 865, , % Marriott International, Inc. 2.30%, due 1/15/22 890, , % 6.75%, due 5/15/18 865, , % 7.15%, due 12/1/19 125, , % MGM Resorts International 6.75%, due 10/1/20 840, , % Wyndham Worldwide Corp. 4.15%, due 4/1/24 70,000 69, % 4,944, % Machinery - Diversified CNH Industrial Capital LLC 4.875%, due 4/1/21 1,445,000 1,492, % Media 21st Century Fox America, Inc. 3.00%, due 9/15/22 800, , % 6.65%, due 11/15/37 605, , % DISH DBS Corp %, due 7/15/22 725, , % Grupo Televisa S.A.B %, due 1/15/40 (Mexico) 525, , % Sky PLC 3.75%, due 9/16/24 (United Kingdom) (a) 340, , % Time Warner Entertainment Co., L.P %, due 3/15/23 355, , % 8.375%, due 7/15/33 355, , % Time Warner, Inc. 3.60%, due 7/15/25 1,000, , % UPCB Finance IV, Ltd %, due 1/15/25 (Netherlands) (a) 765, , % Vrio Finco 1, LLC / Vrio Finco 2, Inc %, due 4/4/28 (Brazil) (a) 995, , % Walt Disney Co. 3.70%, due 12/1/42 315, , % 7,030, % Metal Fabricate & Hardware Precision Castparts Corp. 3.25%, due 6/15/25 1,455,000 1,423, % Mining Anglo American Capital PLC 4.875%, due 5/14/25 (United Kingdom) (a) 455, , % FMG Resources (August 2006) Pty, Ltd. (a) 5.125%, due 5/15/24 (Australia) 800, , %

10 9.75%, due 3/1/22 (Australia) 108, , % Southern Copper Corp %, due 4/23/45 (Peru) 720, , % Teck Resources, Ltd. 6.00%, due 8/15/40 (Canada) 720, , % 2,926, % Miscellaneous - Manufacturing Amsted Industries, Inc. 5.00%, due 3/15/22 (a) 1,390,000 1,387, % Siemens Financieringsmaatschappij N.V. 2.70%, due 3/16/22 (Germany) (a) 760, , % Textron Financial Corp % (3 Month LIBOR %), due 2/15/67 (a) 1,295,000 1,194, % 3,326, % Oil & Gas Andeavor 5.125%, due 12/15/26 450, , % Gazprom Via Gaz Capital S.A %, due 8/16/37 (a) 640, , % Petrobras Global Finance B.V %, due 1/17/27 (Brazil) 1,465,000 1,571, % Petroleos Mexicanos 6.75%, due 9/21/47 (Mexico) 970, , % Valero Energy Corp. 3.65%, due 3/15/25 1,000, , % 6.625%, due 6/15/37 950,000 1,186, % 5,892, % Packaging & Containers Ball Corp. 5.00%, due 3/15/22 1,375,000 1,424, % Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC 5.75%, due 10/15/20 (New Zealand) 823, , % Sealed Air Corp. 5.50%, due 9/15/25 (a) 750, , % 3,030, % Pharmaceuticals Allergan Funding SCS 3.45%, due 3/15/22 1,530,000 1,504, % CVS Health Corp. 4.78%, due 3/25/38 400, , % CVS Pass-Through Trust 5.789%, due 1/10/26 (a) 36,560 38, % Johnson & Johnson 3.40%, due 1/15/38 1,135,000 1,071, % Valeant Pharmaceuticals International, Inc. 5.50%, due 11/1/25 (a) 810, , % 3,815, % Pipelines Enterprise Products Operating LLC 4.25%, due 2/15/48 1,120,000 1,058, % MPLX, L.P. 5.50%, due 2/15/23 925, , % Southern Natural Gas Co. LLC 4.80%, due 3/15/47 (a) 315, , %

11 Spectra Energy Partners, L.P. 4.75%, due 3/15/24 795, , % Transcontinental Gas Pipe Line Company LLC 4.60%, due 3/15/48 (a) 840, , % 3,959, % Real Estate Investment Trusts American Tower Corp %, due 10/15/26 1,080,000 1,002, % CoreCivic, Inc %, due 5/1/23 310, , % Crown Castle International Corp. 3.40%, due 2/15/21 920, , % 5.25%, due 1/15/23 1,290,000 1,360, % Digital Realty Trust, L.P. 2.75%, due 2/1/23 45,000 42, % 3.70%, due 8/15/27 170, , % Essex Portfolio, L.P %, due 4/15/26 545, , % Iron Mountain, Inc. (a) 4.875%, due 9/15/27 790, , % 5.25%, due 3/15/28 610, , % Kilroy Realty, L.P. 3.45%, due 12/15/24 720, , % UDR, Inc. 3.50%, due 7/1/27 725, , % Welltower, Inc. 4.00%, due 6/1/25 310, , % 7,305, % Retail Alimentation Couche-Tard, Inc. (a) 3.55%, due 7/26/27 (Canada) 1,610,000 1,523, % 4.50%, due 7/26/47 700, , % AutoZone, Inc. 3.75%, due 6/1/27 550, , % Brinker International, Inc. 2.60%, due 5/15/18 835, , % CVS Health Corp. 4.00%, due 12/5/23 1,355,000 1,364, % 5.05%, due 3/25/48 795, , % Dollar General Corp. 3.25%, due 4/15/23 1,420,000 1,395, % Dollar Tree, Inc. 3.70%, due 5/15/23 320, , % Home Depot, Inc %, due 9/15/26 690, , % McDonald's Corp. 3.70%, due 2/15/42 345, , % O'Reilly Automotive, Inc. 3.55%, due 3/15/26 1,000, , % QVC, Inc. 4.85%, due 4/1/24 945, , % Starbucks Corp. 2.45%, due 6/15/26 785, , % Suburban Propane Partners, L.P. / Suburban Energy Finance Corp. 5.75%, due 3/1/25 55,000 52, %

12 TJX Cos., Inc. 2.25%, due 9/15/26 2,310,000 2,059, % 13,124, % Semiconductors Intel Corp %, due 12/8/47 (a) 825, , % NXP B.V. / NXP Funding LLC 4.625%, due 6/15/22 (Netherlands) (a) 590, , % Qorvo, Inc. 7.00%, due 12/1/25 1,360,000 1,477, % Sensata Technologies B.V. 5.00%, due 10/1/25 (Netherlands) (a) 1,135,000 1,132, % 3,976, % Software Microsoft Corp. 1.85%, due 2/6/20 280, , % 3.45%, due 8/8/36 270, , % MSCI, Inc. 5.75%, due 8/15/25 (a) 1,315,000 1,373, % Oracle Corp. 3.80%, due 11/15/37 735, , % PTC, Inc. 6.00%, due 5/15/24 516, , % salesforce.com, Inc. 3.25%, due 4/11/23 510, , % 3.70%, due 4/11/28 690, , % 4,349, % Telecommunications AT&T, Inc. 4.90%, due 8/15/37 (a) 1,320,000 1,295, % Cisco Systems, Inc. 2.45%, due 6/15/20 1,000, , % CommScope Technologies LLC 6.00%, due 6/15/25 (a) 475, , % CommScope, Inc. 5.00%, due 6/15/21 (a) 985, , % Hughes Satellite Systems Corp. 6.50%, due 6/15/19 405, , % Rogers Communications, Inc. 4.30%, due 2/15/48 (Canada) 830, , % 5.45%, due 10/1/43 (Canada) 135, , % Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC (a) 3.36%, due 3/20/23 1,671,250 1,665, % 4.738%, due 3/20/25 940, , % Telecom Italia Capital S.A %, due 6/18/19 (Italy) 690, , % 7.721%, due 6/4/38 (Italy) 510, , % Telecom Italia S.p.A %, due 5/30/24 (Italy) (a) 385, , % Telefonica Emisiones SAU 4.57%, due 4/27/23 (Spain) 1,139,000 1,188, % 5.213%, due 3/8/47 (Spain) 620, , % 5.462%, due 2/16/21 (Spain) 175, , % 11,493, %

13 Textiles Cintas Corp. No %, due 4/1/27 1,540,000 1,512, % Transportation United Parcel Service, Inc. 2.50%, due 4/1/23 1,620,000 1,562, % XPO Logistics, Inc. 6.50%, due 6/15/22 (a) 370, , % 1,944, % Total Corporate Bonds 260,841, % Foreign Bonds 0.1% Banks Barclays Bank PLC Series Reg S 10.00%, due 5/21/21 (United Kingdom) GBP 525, , % Total Foreign Bonds 878, % Loan Assignments 5.1% Advertising Outfront Media Capital LLC 2017 Term Loan B 3.872% (1 Month LIBOR %), due 3/18/24 $ 800, , % Building Materials Builders FirstSource, Inc Term Loan B 5.302% (3 Month LIBOR %), due 2/29/24 691, , % Quikrete Holdings, Inc st Lien Term Loan 4.627% (1 Month LIBOR %), due 11/15/23 865, , % 1,563, % Chemicals Axalta Coating Systems U.S. Holdings, Inc. Term Loan 4.302% (3 Month LIBOR %), due 6/1/24 869, , % Commercial Services Allied Universal Holdco LLC 2015 Term Loan 6.052% (3 Month LIBOR %), due 7/28/22 946, , % Global Payments, Inc Term Loan B % (1 Month LIBOR %), due 4/21/23 475, , % U.S. Security Associates Holdings, Inc Term Loan 5.802% (3 Month LIBOR %), due 7/14/23 985, , % 2,397, % Computers Tempo Acquisition LLC Term Loan 4.877% (1 Month LIBOR %), due 5/1/24 863, , %

14 Containers, Packaging & Glass BWAY Holding Co Term Loan B 4.958% (3 Month LIBOR %), due 4/3/24 942, , % Reynolds Group Holdings, Inc Term Loan 4.627% (1 Month LIBOR %), due 2/5/23 295, , % 1,245, % Electrical Components & Equipment Electro Rent Corp. 1st Lien Term Loan 6.984% (3 Month LIBOR %), due 1/31/24 740, , % Environmental Controls Advanced Disposal Services, Inc. Term Loan B % (1 Week LIBOR %), due 11/10/23 1,729,075 1,739, % GFL Environmental, Inc. Term Loan B 5.052% (3 Month LIBOR %), due 9/29/23 (Canada) 1,255,875 1,255, % 2,995, % Food & Staples Retailing U.S. Foods, Inc Term Loan B 4.377% (1 Month LIBOR %), due 6/27/23 1,906,050 1,921, % Health Care - Products Ortho-Clinical Diagnostics S.A. Term Loan B 5.627% (1 Month LIBOR %), due 6/30/21 1,036,949 1,042, % Sterigenics-Nordion Holdings LLC 2017 Term Loan B 4.877% (1 Month LIBOR %), due 5/15/22 1,064,250 1,069, % 2,112, % Healthcare, Education & Childcare ExamWorks Group, Inc Term Loan 5.127% (1 Month LIBOR %), due 7/27/23 1,319,942 1,326, % U.S. Renal Care, Inc nd Lien Term Loan % (3 Month LIBOR %), due 12/31/23 600, , % 1,927, % Holding Company - Diversified Titan Acquisition, Ltd Term Loan B TBD, due 3/28/25 (Canada) 830, , % Hotels, Motels, Inns & Gaming Scientific Games International, Inc Term Loan B % (2 Month LIBOR %), due 8/14/24 798, , %

15 Household Products & Wares KIK Custom Products, Inc Term Loan B 5.875% (1 Month LIBOR %), due 5/15/23 (Canada) 2,488,603 2,510, % Prestige Brands, Inc. Term Loan B % (1 Month LIBOR %), due 1/26/24 699, , % 3,212, % Insurance MPH Acquisition Holdings LLC 2016 Term Loan B 5.052% (3 Month LIBOR %), due 6/7/23 1,266,571 1,272, % Media Nielsen Finance LLC Term Loan B % (1 Month LIBOR %), due 10/4/23 316, , % Virgin Media Bristol LLC 2017 Term Loan 4.277% (1 Month LIBOR %), due 1/15/26 1,300,000 1,306, % 1,624, % Packaging & Containers Albea Beauty Holdings S.A 2018 Term Loan TBD, due 4/22/24 (France) 830, , % Software First Data Corp Term Loan 4.122% (1 Month LIBOR %), due 4/26/24 922, , % Telecommunications Level 3 Financing, Inc Term Loan B 4.111% (1 Month LIBOR %), due 2/22/24 3,500,000 3,512, % Transportation XPO Logistics, Inc Term Loan B 3.92% (3 Month LIBOR %), due 2/24/25 565, , % Total Loan Assignments 31,039, % Mortgage-Backed Securities 0.1% Commercial Mortgage Loans (Collateralized Mortgage Obligations) Bayview Commercial Asset Trust Series A, Class A % (1 Month LIBOR %), due 12/25/36 (a) 68,771 65, % Four Times Square Trust Series TS, Class A 5.401%, due 12/13/28 (a) 464, , % 554, %

16 Residential Mortgage (Collateralized Mortgage Obligation) Mortgage Equity Conversion Asset Trust Series 2007-FF2, Class A 2.73% (1 Year Treasury Constant Maturity Rate %), due 2/25/42 (a) 265, , % Total Mortgage-Backed Securities 793, % U.S. Government & Federal Agencies 2.3% Federal National Mortgage Association (Mortgage Pass-Through Securities) (zero coupon), due 10/9/19 950, , % 6.00%, due 4/1/37 16,652 17, % 932, % United States Treasury Notes 1.25%, due 7/31/23 8,965,000 8,282, % 1.75%, due 9/30/22 1,400,000 1,341, % 2.00%, due 11/15/26 2,175,000 2,021, % 2.25%, due 11/15/24 1,440,000 1,385, % 13,031, % Total U.S. Government & Federal Agencies 13,964, % Total Long-Term Bonds 307,878, % % Net Shares Value Assets Common Stocks 43.5% Aerospace & Defense BAE Systems PLC (United Kingdom) 420,592 3,529, % Lockheed Martin Corp. 5,987 1,920, % 5,450, % Agriculture Altria Group, Inc. 74,242 4,165, % British American Tobacco PLC (United Kingdom) GBP 57,172 3,141, % British American Tobacco PLC Sponsored ADR (United Kingdom) $ 27,233 1,487, % Imperial Brands PLC (United Kingdom) 122,651 4,379, % Philip Morris International, Inc. 40,754 3,341, % 16,516, % Auto Manufacturers Daimler A.G., Registered Shares (Germany) 35,538 2,801, % Auto Parts & Equipment Compagnie Generale des Etablissements Michelin (France) 14,871 2,086, % Banks Commonwealth Bank of Australia (Australia) 33,124 1,784, % Lloyds Banking Group PLC (United Kingdom) 2,450,840 2,178, % Royal Bank of Canada (Canada) 25,881 1,968, % Svenska Handelsbanken A.B., Class A (Sweden) 156,743 1,749, % Wells Fargo & Co. 25,784 1,339, % Westpac Banking Corp. (Australia) 109,613 2,354, % 11,375, % Beverages Coca-Cola Co. 32,835 1,418, % Diageo PLC (United Kingdom) 44,038 1,566, %

17 PepsiCo., Inc. 14,775 1,491, % 4,476, % Chemicals BASF S.E. (Germany) 29,648 3,080, % DowDuPont, Inc. 28,778 1,819, % Nutrien, Ltd. (Canada) 35,442 1,613, % 6,513, % Commercial Services Quad / Graphics, Inc % Cosmetics & Personal Care Procter & Gamble Co. 22,791 1,648, % Unilever PLC (United Kingdom) 50,411 2,824, % 4,473, % Diversified Financial Services BlackRock, Inc. 3,187 1,662, % CME Group, Inc. 9,656 1,522, % Singapore Exchange, Ltd. (Singapore) 269,122 1,569, % 4,753, % Electric Ameren Corp. 32,545 1,907, % American Electric Power Co., Inc. 29,261 2,047, % Dominion Energy, Inc. 44,424 2,956, % Duke Energy Corp. 53,985 4,327, % Entergy Corp. 39,499 3,222, % FirstEnergy Corp. 58,427 2,009, % PPL Corp. 95,320 2,773, % Red Electrica Corp. S.A. (Spain) 124,873 2,599, % Southern Co. 41,623 1,919, % SSE PLC (United Kingdom) 117,146 2,223, % Terna Rete Elettrica Nazionale S.p.A. (Italy) 755,713 4,528, % WEC Energy Group, Inc. 29,938 1,924, % 32,441, % Electrical Components & Equipment Emerson Electric Co. 29,068 1,930, % Engineering & Construction Vinci S.A. (France) 23,756 2,372, % Food Nestle S.A., Registered (Switzerland) 32,352 2,501, % Orkla ASA (Norway) 239,413 2,213, % 4,714, % Gas Gas Natural SDG S.A. (Spain) 85,179 2,143, % National Grid PLC (United Kingdom) 331,257 3,836, % Snam S.p.A. (Italy) 628,038 3,011, % 8,991, %

18 Health Care - Services Sonic Healthcare, Ltd. (Australia) 91,264 1,619, % Home Furnishing Leggett & Platt, Inc. 39,233 1,590, % Household Products & Wares Kimberly-Clark Corp. 20,183 2,089, % Insurance Allianz S.E., Registered (Germany) 16,320 3,860, % Arthur J. Gallagher & Co. 22,888 1,601, % Assicurazioni Generali S.p.A. (Italy) 84,986 1,713, % AXA S.A. (France) 157,418 4,499, % MetLife, Inc. 49,850 2,376, % Muenchener Rueckversicherungs-Gesellschaft A.G., Registered (Germany) 20,955 4,801, % SCOR S.E. (France) 51,281 2,081, % 20,935, % Lodging Las Vegas Sands Corp. 28,510 2,090, % Media ION Media Networks, Inc. 8 4, % Miscellaneous - Manufacturing Eaton Corp. PLC 29,648 2,224, % Siemens A.G., Registered (Germany) 14,388 1,830, % 4,054, % Oil & Gas Exxon Mobil Corp. 36,021 2,800, % Occidental Petroleum Corp. 46,645 3,603, % Royal Dutch Shell PLC, Class A, Sponsored ADR (Netherlands) 76,584 5,353, % Statoil ASA (Norway) 131,343 3,361, % TOTAL S.A. (France) 89,235 5,603, % 20,722, % Pharmaceuticals AbbVie, Inc. 18,445 1,780, % AstraZeneca PLC, Sponsored ADR (United Kingdom) 129,798 4,611, % GlaxoSmithKline PLC (United Kingdom) 251,002 5,036, % Johnson & Johnson 14,292 1,807, % Merck & Co., Inc. 32,545 1,915, % Novartis A.G., Registered (Switzerland) 34,283 2,636, % Pfizer, Inc. 101,887 3,730, % Roche Holding A.G. (Switzerland) 11,299 2,506, % Sanofi (France) 24,722 1,951, % 25,978, % Pipelines Enterprise Products Partners, L.P. 121,878 3,271, % Magellan Midstream Partners, L.P. 28,682 1,888, %

19 Pembina Pipeline Corp. (Canada) 60,690 1,932, % 7,092, % Real Estate Investment Trusts Iron Mountain, Inc. 77,743 2,638, % Public Storage 7,918 1,597, % Unibail-Rodamco S.E. (France) 15,933 3,826, % Welltower, Inc. 59,876 3,199, % 11,263, % Retail McDonald's Corp. 13,037 2,182, % Savings & Loans People's United Financial, Inc. 95,030 1,738, % Semiconductors Intel Corp. 43,844 2,263, % QUALCOMM, Inc. 33,704 1,719, % Taiwan Semiconductor Manufacturing Co., Ltd., Sponsored ADR (Taiwan) 38,436 1,477, % Texas Instruments, Inc. 26,074 2,644, % 8,105, % Software Micro Focus International PLC (United Kingdom) 61,325 1,062, % Microsoft Corp. 20,473 1,914, % 2,976, % Telecommunications AT&T, Inc. 126,514 4,137, % BCE, Inc. (Canada) 109,769 4,658, % CenturyLink, Inc. 83,877 1,558, % Cisco Systems, Inc. 83,538 3,699, % Deutsche Telekom A.G., Registered (Germany) 217,980 3,811, % Rogers Communications, Inc., Class B (Canada) 59,549 2,811, % Singapore Telecommunications, Ltd., (Singapore) 610,596 1,622, % Swisscom A.G., Registered (Switzerland) 4,925 2,361, % TELUS Corp. (Canada) 61,003 2,183, % Verizon Communications, Inc. 96,478 4,761, % Vodafone Group PLC (United Kingdom) 1,808,690 5,262, % 36,867, % Transportation Deutsche Post A.G., Registered (Germany) 68,955 3,002, % United Parcel Service, Inc., Class B 20,377 2,312, % 5,315, % Total Common Stocks 263,526, % Principal % Net Amount Value Assets Short-Term Investment 3.8% Repurchase Agreement Fixed Income Clearing Corp. 0.74%, dated 4/30/18 due 5/1/18 $ 22,735,985 22,735, %

20 Total Short-Term Investment 22,735, % Total Investments 594,140, % Other Assets, Less Liabilities 12,193, % Net Assets $ 606,334, % (a) May be sold to institutional investors only under Rule 144A or securities offered pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. As of April 30, 2018, the Portfolio held the following foreign currency forward contracts: Foreign Currency Buy Expiration Contracts Date Canadian Dollar vs. U.S. Dollar 5/2/18 Euro vs. U.S. Dollar 5/2/18 Japanese Yen vs. U.S. Dollar 5/2/18 Japanese Yen vs. U.S. Dollar 8/1/18 Pound Sterling vs. U.S. Dollar 5/2/18 Foreign Currency Sales Expiration Contracts Date Canadian Dollar vs. U.S. Dollar 5/2/18 Canadian Dollar vs. U.S. Dollar 8/1/18 Euro vs. U.S. Dollar 5/2/18 Contract Amount Purchased Contract Amount Sold Unrealized Appreciation (Depreciation) Counterparty Bank N.A. CAD 8,140,000 $ 6,325,278 $ 14,660 Bank N.A. EUR 27,735,000 33,764,589 (271,812) Bank N.A. JPY 1,394,080,000 12,891,902 (139,615) Bank N.A. 1,394,000,000 12,826,718 5,782 Bank N.A. GBP 13,625,000 18,993,659 (236,130) Contract Amount Sold Contract Amount Purchased Unrealized Appreciation (Depreciation) Counterparty Bank N.A. 8,140,000 6,617, ,733 Bank N.A. CAD 8,140,000 6,338,151 (14,970) Bank N.A. 27,735,000 34,846,809 1,354,032 Bank N.A. EUR 27,735,000 34,001, ,036 Bank N.A. JPY 1,394,080,000 12,746,107 (6,180) Bank N.A. GBP 13,625,000 19,503, ,841 Bank N.A. 13,625,000 19,073, ,213 Euro vs. U.S. Dollar 8/1/18 Japanese Yen vs. U.S. Dollar 5/2/18 Pound Sterling vs. U.S. Dollar 5/2/18 Pound Sterling vs. U.S. Dollar 8/1/18 Net unrealized appreciation (depreciation) on foreign currency forward contracts $ 2,236,590 As of April 30, 2018, the Portfolio held the following futures contracts: Unrealized Number of Contracts Appreciation Type Long (Short) Expiration Date Notional Amount (Depreciation) 2-Year United States Treasury Note (203) June 2018 $ (43,045,516) $ 120,091 5-Year United States Treasury Note 402 June ,630,141 (280,306) 10-Year United States Treasury Note 131 June ,670,875 (78,079) 10-Year United States Treasury Ultra Note (37) June 2018 (4,731,953) 17,541 Euro Stoxx June ,317,608 1,584,148 Nikkei June ,553,238 1,151,894

21 Standard & Poor s 500 Index Mini 495 June ,513,250 (3,513,094) United States Treasury Long Bond (25) June 2018 (3,596,094) 19,161 United States Treasury Ultra Bond 97 June ,241, ,725 $ 140,552,674 $ (837,919)