Destinations Global Fixed Income Opportunities Fund
Overview
The Destinations Global Fixed Income Opportunities Fund seeks to maximize total return and invests in global investment grade credit, global high yield credit, global sovereign debt, bank loans, preferred securities and convertible securities.
Employing a multi-manager approach, the Fund currently allocates assets among the following sub-advisers:
- CrossingBridge Advisors, LLC is the sub-adviser of CrossingBridge Corporate Credit which employs an opportunistic approach, allocating to high yield and investment grade credit opportunities.
- DoubleLine Capital LP is the sub-adviser of DoubleLine Low Duration Emerging Markets which employs a value-oriented, research driven approach to identify countries and companies with the potential for improving credit fundamentals and ratings.
- Nuveen Asset Management, LLC is the sub-adviser of Nuveen Preferred Securities Opportunities which employs a top-down quantitative driven process complemented by fundamental credit research analysis with a focus on relative value, resulting in a concentrated portfolio of preferred securities.
| I Share Fund performance as of 9/30/2022 | ||||||||||||||
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| Destinations Global Fixed Income Opportunities Fund |
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| ICE BofA US High Yield Index |
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ICE BofA US High Yield Index: Tracks the performance of US dollar denominated below investment grade rated corporate debt publicly issued in the US domestic market.
An investment in the Destinations Global Fixed Income Opportunities Fund is subject to risk, including the possible loss of principal amount invested.
Derivatives, such as futures, involve risks different from, or possibly greater than, risks associated with investing directly in securities and other traditional investments. Specific risk issues include tax issues, increased potential for losses and/or costs to the Fund, and a potential reduction in gains to the Fund.
The prices of the Fund’s fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments and their agencies. Generally, the Fund’s fixed income securities will decrease in value if interest rates rise and vice versa. In a low interest rate environment, risks associated with rising rates are heightened.
Foreign securities subject the Fund to the risks associated with investing in the particular country of an issuer, including the political, regulatory, economic, social, diplomatic and other conditions or events, as well as risks associated with less developed custody and settlement practices. Foreign securities may be more volatile and less liquid than securities of U.S. companies.
Risks of foreign investment tend to be greater in emerging markets, which tend to be more likely to experience political turmoil or rapid change to market or economic conditions.
The risk that debt instruments quality are predominantly speculative. Known as ‘junk bonds,’ these have a higher degree of default risk and may be less liquid than higher-rated bonds, may be subject to greater price volatility.
Liquidity risk refers to the possibility that securities cannot be readily sold within seven days at approximately the price at which the Fund has valued them.
With securities lending risk, the Fund may lose money from securities lending if, for example, it is delayed in or prevented from selling the collateral after the loan is made or recovering the securities loaned or if it incurs losses on the reinvestment of cash collateral.
Fund facts
- Ticker: DGFFX
- CUSIP: 10964R806
- Benchmark: ICE BofA US High Yield Index
- Inception date: 03/20/2017
- Gross expense ratio: 1.19%
- Net expense ratio: 1.08%*
Management team
Brian Storey CFA, Head of Discretionary Portfolios, Brinker Capital InvestmentsBrian Storey is a senior portfolio manager at Brinker Capital Investments, a brand entity of Orion Advisor Solutions. In this role, he has portfolio management responsibilities for Brinker Capital’s Destinations program. Brian is involved in all aspects of the investment process for these multi-asset class portfolio solutions, including asset allocation, portfolio construction, manager research, and due diligence.
Prior to joining Brinker Capital, Brian was a Senior Portfolio Manager at First Citizens Bank where he oversaw portfolio construction for the globally-diversified investment strategies utilized by the firm’s private wealth and institutional clients. Previously, he served in various leadership and operational roles during his five years as an officer in the U.S. Coast Guard.
Brian graduated from the United States Coast Guard Academy with a Bachelor of Science in management and earned his Master of Business Administration from Duke University’s Fuqua School of Business where he graduated as a Fuqua scholar. Brian is a CFA® charterholder and holds the FINRA Series 65 designation. He is a member of the CFA® Institute and the CFA® Society North Carolina.
- Grant Engelbart CFA, CAIA, Senior Portfolio Manager, Brinker Capital Investments
Grant Engelbart is a senior portfolio manager at Brinker Capital Investments, a brand entity of Orion Advisor Solutions. In this role, he manages several ETF and mutual fund separate account strategies. He serves on several committees across Brinker Capital’s parent company, Orion Advisor Solutions. Grant first joined Orion in 2007 and returned to the company in 2009. He held several roles in trading and investment research before accepting the role of portfolio manager in 2013.
Prior to joining Brinker Capital Investments, Grant held positions at CLS Investments (which has since rebranded to Brinker Capital Investments), TD Ameritrade, and State Street Corporation. Grant received his Bachelor of Science in finance from the University of Nebraska at Lincoln. He is a CFA® charterholder, holds the Chartered Alternative Investment Analyst (CAIA) designation, and FINRA Series 65 license. He is a member of the CFA® Society of Nebraska and the CAIA Chicago chapter. In 2018, Grant was named one of the Top Ten Money Managers to Watch by Money Management Executive.
- Michael Hadden CFA, Portfolio Manager, Brinker Capital Investments
Michael Hadden is a portfolio manager at Brinker Capital Investments, a brand entity of Orion Advisor Solutions. In this role, he co-manages a variety of ETF and mutual fund asset allocation strategies, spending considerable time researching the ETF universe while closely monitoring the security selection within portfolios. Previously, he served as an investment analyst and associate portfolio manager for CLS Investments.
Michael joined CLS in 2017. He graduated with honors and high distinction from the University of Nebraska at Lincoln with a Bachelor of Science degree in finance and accounting. He is a CFA® charterholder and holds the FINRA Series 65 license. Michael is a member of the CFA® Society of Nebraska.
Performance
| I Share Fund performance as of 9/30/2022 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Annualized | ||||||||||||||||||||
| MTD | QTD | YTD | 1 Year | 3 Years | 5 Years | Since Inception | Inception Date | Gross expense ratio | Net expense ratio* | |||||||||||
| Destinations Global Fixed Income Opportunities Fund |
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| ICE BofA US High Yield Index |
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ICE BofA US High Yield Index: Tracks the performance of US dollar denominated below investment grade rated corporate debt publicly issued in the US domestic market.
Holdings
| Security Description | Ticker Symbol | Security ID | Security Type Description | Quantity | Base Market Value | Percent TNA |
|---|---|---|---|---|---|---|
| EURO | CASHEUR | CURRENCY | -525,042.8100 | -546,517.04 | -.08 | |
| US DOLLARS | CASHUSD | CURRENCY | 39,910,283.3300 | 39,910,283.33 | 5.55 | |
| WT PUR COM WT EX 31/12/2049 | 33851L | WARRANTS | 502,803.0000 | .00 | .00 | |
| MCDERMOTT WT EX 12/31/2049 | 33851P | WARRANTS | 558,670.0000 | .00 | .00 | |
| ASPEN INSURANCE HOLDINGS LTD PFD SHS 5.95 | AHL PRC | G05384154 | PREFERRED STOCK | 6,550.0000 | 151,632.50 | .02 |
| OAS FINANCE LTD WT EX 01/21/39 | P7331H100 | WARRANTS | 58,463.0000 | .00 | .00 | |
| FRONTERA ENERGY CORP | FECCF | 35905B107 | COMMON STOCK | 16,441.0000 | 132,103.44 | .02 |
| FINANCIALS ACQUISITIO-DI /GBP/ | BPSPGW5 | COMMON STOCK | 115,026.0000 | 1,386,638.42 | .19 | |
| FINANCIALS ACQUISITION CORP WRT 04/04/27 /GBP/ | BPSPHR7 | WARRANTS | 57,514.0000 | 2,773.33 | .00 | |
| AHREN ACQUISITION CO-CLASS A | BMC7HC3 | COMMON STOCK | 51,917.0000 | 529,034.23 | .07 | |
| PEARL HOLDINGS ACQUISITION-A | BMCM052 | COMMON STOCK | 22,071.0000 | 224,241.36 | .03 | |
| G SQUARED ASCEND II INC -A | BMZ36Y3 | COMMON STOCK | 30,710.0000 | 309,249.70 | .04 | |
| EVE MOBILITY ACQUISITION C-A | BNHS2D4 | COMMON STOCK | 33,580.0000 | 341,844.40 | .05 | |
| GLOBAL PARTNER ACQUISITION-A | BNQNWX0 | COMMON STOCK | 33,614.0000 | 338,324.91 | .05 | |
| PERIDOT ACQUISITION CORP-A | PDOT | BNSNZN9 | COMMON STOCK | 45,730.0000 | 458,214.60 | .06 |
| AP ACQUISITION CORP-A | BNT86S5 | COMMON STOCK | 31,074.0000 | 319,596.09 | .04 | |
| TRINE II ACQUISITION CORP -A | TRAQ | BNYL894 | COMMON STOCK | 27,856.0000 | 284,409.76 | .04 |
| ENTERPRISE 4.0 TECHNOLOGY AC | ENTF | G3137C106 | COMMON STOCK | 23,389.0000 | 239,269.47 | .03 |
| NOBLE ROCK ACQUISITION COR-A | NRAC | G6546R101 | COMMON STOCK | 17,046.0000 | 171,312.30 | .02 |
| PONTEM CORP-CLASS A | PNTM | G71707106 | COMMON STOCK | 53,736.0000 | 539,509.44 | .08 |
| TARGET GLOBAL ACQUISITION I | TGAA | G8675N109 | COMMON STOCK | 47,982.0000 | 488,456.76 | .07 |
| GEMMACERT LTD WRT 05/19/26 | 34HPK7 | WARRANTS | 41,956.0000 | .00 | .00 | |
| AT&T INC /PFD/ | T PRC | 00206R706 | PREFERRED STOCK | 5,450.0000 | 100,334.50 | .01 |
| AGRIBANK FCB | AGRIP | 00850L203 | PREFERRED STOCK | 4,850.0000 | 484,951.50 | .07 |
| AIR LEASE CORP /PFD/ | AL PRA | 00912X500 | PREFERRED STOCK | 9,819.0000 | 233,692.20 | .03 |
| ALPINE INCOME PROPERTY TRUST | PINE | 02083X103 | REIT - Real Estate Invesment Trust | 26,929.0000 | 512,189.58 | .07 |
| AMERICAN EQUITY INVESTME /PFD/ | AEL PRA | 025676503 | PREFERRED STOCK | 5,310.0000 | 115,333.20 | .02 |
| AMERICAN EQUITY INVESTME /PFD/ | AEL PRB | 025676602 | PREFERRED STOCK | 46,430.0000 | 1,113,855.70 | .15 |
| ANZU SPECIAL ACQUISITION -A | 03737A101 | COMMON STOCK | 42,449.0000 | 424,065.51 | .06 | |
| ARGO BLOCKCHAIN PLC /PFD/ | ARBKL | 040126203 | PREFERRED STOCK | 113,720.0000 | 227,440.00 | .03 |
| ATHENE HOLDING LTD /PFD/ | ATH PRC | 04686J309 | PREFERRED STOCK | 10,479.0000 | 262,918.11 | .04 |
| BIOTE CORP -A | BTMD | 090683103 | COMMON STOCK | 79,966.0000 | 329,459.92 | .05 |
| BITE ACQUISITION CORP | BITE | 09175K105 | COMMON STOCK | 28,992.0000 | 289,963.49 | .04 |
| BRIGHT LIGHTS ACQUISITI-CL A | BLTS | 10920K101 | COMMON STOCK | 182,409.0000 | 1,833,210.45 | .25 |
| CARNEY TECHNOLOGY ACQU- CL A | 143636108 | COMMON STOCK | 341,248.0000 | 3,429,542.40 | .48 | |
| CLARIM ACQUISITION CORP-CL A | 18049C108 | COMMON STOCK | 76,912.0000 | 773,734.72 | .11 | |
| COBANK ACB /PFD/ | CKNQP | 19075Q862 | PREFERRED STOCK | 2,850.0000 | 279,300.00 | .04 |
| DHB CAPITAL CORP-CL A | 23291W109 | COMMON STOCK | 7,769.0000 | 78,233.83 | .01 | |
| DHB CAP CORP WT EX 03/15/26 | 23291W117 | WARRANTS | 2,589.0000 | 1.55 | .00 | |
| DAIRY FARMERS OF AMERICA /PFD/ | 23385H406 | PREFERRED STOCK | 1,000.0000 | 96,500.00 | .01 | |
| DIEBOLD NIXDORF INC | DBD | 253651103 | COMMON STOCK | 63,400.0000 | 136,310.00 | .02 |
| DIEBOLD NIXDORF INC | DBD | 253651103 | COMMON STOCK | -128,000.0000 | -275,200.00 | -.04 |
| ENERGY TRANSFER L P /PFD/ | ET PRE | 29273V605 | PREFERRED STOCK | 2,600.0000 | 59,904.00 | .01 |
| ENERGY HARBOR CORP | ENGH | 29279N102 | COMMON STOCK | 352.0000 | 27,925.22 | .00 |
| ENSTAR GROUP LTD /PFD/ | ESGRP | 29359U109 | PREFERRED STOCK | 20,038.0000 | 463,679.32 | .06 |
| FARM CREDIT BK OF TEXAS /PFD/ | FCTXZ | 30767E406 | PREFERRED STOCK | 11,970.0000 | 1,188,022.50 | .17 |
| FIFTH THIRD BANCORP PFD | FITBI | 316773605 | PREFERRED STOCK | 9,075.0000 | 232,864.50 | .03 |
| RA PARENT INC /RESTRICTED/ | 33TG3R | COMMON STOCK | 47.0400 | 3,057,600.00 | .43 | |
| FOSSIL GROUP INC /PFD/ | FOSLL | 34988V304 | PREFERRED STOCK | 238,195.0000 | 3,999,294.05 | .56 |
| AXON INFRASTRUCTURE ACQ | 34JWX5 | COMMON STOCK | 7,000.0000 | 424.20 | .00 | |
| BERENSON ACQUISITION CORP I | 34KRVP | OTHER EQUITY | 22,982.0000 | 1,507.62 | .00 | |
| PARABELLUM ACQUISITION CORP | 34KRZ6 | OTHER EQUITY | 35,964.0000 | 719.28 | .00 | |
| REVELSTONE CAPITAL ACQUISITI | 34MJXD | OTHER EQUITY | 10,650.0000 | 532.50 | .00 | |
| ALPHA PARTNERS TECHNOLOGY CL A | 34MKQ9 | COMMON STOCK | 15,560.0000 | 886.92 | .00 | |
| QUARTERNORTH ENERGY INC. | 34NWP4 | COMMON STOCK | 3,179.0000 | 429,165.00 | .06 | |
| BIOTE CORP | 34P0HM | COMMON STOCK | 333,305.0000 | 1,373,216.60 | .19 | |
| GARRETT MOTION INC /PFD/ | GTXAP | 366505204 | PREFERRED STOCK | 19,718.0000 | 164,842.48 | .02 |
| GOLDEN FALCON ACQUISITI-CL A | 38102H109 | COMMON STOCK | 86,133.0000 | 864,775.32 | .12 | |
| GOLDMAN SACHS GROUP INC /PFD/ | GS PRJ | 38145G308 | PREFERRED STOCK | 15,000.0000 | 369,300.00 | .05 |
| KEYCORP /PREFERRED/ | KEY PRI | 493267702 | PREFERRED STOCK | 16,085.0000 | 399,390.55 | .06 |
| KEYCORP /PFD/ | KEY PRL | 493267843 | PREFERRED STOCK | 16,000.0000 | 396,960.00 | .06 |
| KORE GROUP HOLDINGS INC | KORE | 50066V107 | COMMON STOCK | 61,669.0000 | 146,772.22 | .02 |
| LEAFLY HLDGS WT EX 01/17/2027 | 52178J113 | WARRANTS | 36,249.0000 | 2,193.06 | .00 | |
| MARKETWISE INC | MKTW | 57064P107 | COMMON STOCK | 3,221.0000 | 6,119.90 | .00 |
| MASON INDUSTRIAL TECHN-CL A | MIT | 57520Y106 | COMMON STOCK | 534,907.0000 | 5,322,324.65 | .74 |
| MONITRONICS INTERNATIONAL IN | 609453105 | COMMON STOCK | 369,000.0000 | 92,250.00 | .01 | |
| MORGAN STANLEY /PFD/ | MS PRI | 61761J406 | PREFERRED STOCK | 30,000.0000 | 748,200.00 | .10 |
| MORGAN STANLEY /PFD/ | MS PRK | 61762V606 | PREFERRED STOCK | 41,080.0000 | 978,114.80 | .14 |
| MORGAN STANLEY /PFD/ | MSSXL | 61762V853 | PREFERRED STOCK | 15,410.0000 | 388,948.40 | .05 |
| NY COMMUNITY BANCORP INC PREF | NYCB PRA | 649445202 | PREFERRED STOCK | 15,933.0000 | 382,392.00 | .05 |
| NISOURCE INC /PFD/ | NI PRB | 65473P881 | PREFERRED STOCK | 3,300.0000 | 80,916.00 | .01 |
| NUSTAR ENERGY LP SER B /PFD/ | NS PRB | 67058H300 | PREFERRED STOCK | 35,146.0000 | 753,530.24 | .10 |
| NUSTAR LOGISTICS LP /PFD/ | NSS | 67059T204 | PREFERRED STOCK | 5,391.0000 | 135,529.74 | .02 |
| OMNILIT ACQUISITION CORP-A | 68218C108 | COMMON STOCK | 13,529.0000 | 138,401.67 | .02 | |
| ONE EQUITY PARTNERS OPEN-A | 68237L105 | COMMON STOCK | 50,040.0000 | 506,905.20 | .07 | |
| REGIONS FINANCIAL CORP | RF PRC | 7591EP704 | PREFERRED STOCK | 35,000.0000 | 809,900.00 | .11 |
| REINSURANCE GRP V/R 6/15/56 | RZB | 759351802 | PREFERRED STOCK | 15,000.0000 | 379,650.00 | .05 |
| REINSURANCE GRP OF AMER /PFD/ | RZC | 759351885 | PREFERRED STOCK | 7,100.0000 | 186,162.00 | .03 |
| SPDR S&P 500 ETF TRUST | SPY | 78462F103 | POOLED INVESTMENTS | -13,200.0000 | -5,381,376.00 | -.75 |
| SARATOGA INVESTMENT CORP /PFD/ | SAT | 80349A802 | PREFERRED STOCK | 43,522.0000 | 1,001,006.00 | .14 |
| SYNOVUS FINANCIAL CORP /PFD/ | SNV PRE | 87161C709 | PREFERRED STOCK | 7,928.0000 | 191,064.80 | .03 |
| SYNCHRONY FINANCIAL /PFD/ | SYF PRA | 87165B202 | PREFERRED STOCK | 6,165.0000 | 114,360.75 | .02 |
| TECH AND ENERGY TRANSITION-A | 87823R102 | COMMON STOCK | 29,073.0000 | 289,276.35 | .04 | |
| VERIZON COMMUNICATIONS INC | VZ | 92343V104 | COMMON STOCK | 16,600.0000 | 647,068.00 | .09 |
| VOYA FINANCIAL INC /PFD/ | VOYA PRB | 929089209 | PREFERRED STOCK | 18,075.0000 | 396,204.00 | .06 |
| WESTERN ALLIANCE BANCORP /PFD/ | WAL PRA | 957638406 | PREFERRED STOCK | 7,160.0000 | 153,224.00 | .02 |
| WILLIAMS ROWLAND ACQUISITION | WRAC | 96951B102 | COMMON STOCK | 206,518.0000 | 2,110,613.96 | .29 |
| WINTRUST FINANCIAL CORP /PFD/ | WTFCP | 97650W504 | PREFERRED STOCK | 12,256.0000 | 308,851.20 | .04 |
| ASPEN INSURANCE HLDG LTD /PFD/ | AHL PRD | G05384162 | PREFERRED STOCK | 36,946.0000 | 735,225.40 | .10 |
| ATHENE HOLDING LTD /PFD/ | ATH PRA | G0684D305 | PREFERRED STOCK | 22,000.0000 | 541,640.00 | .08 |
| INFRABUILD AUSTRA 12% 10/01/24 | 45682RAA8 | CORPORATE BONDS | 4,679,000.0000 | 4,538,630.00 | .63 | |
| QBE INSURANCE GRO V/R 12/02/44 | BSSWBW2 | CORPORATE BONDS | 950,000.0000 | 902,647.23 | .13 | |
| DIGICEL GROUP HOLD 8% 04/01/25 | 25381YAB7 | CORPORATE BONDS | 391,135.0000 | 118,105.18 | .02 | |
| DIGICEL GROUP HOLDIN 7% /PERP/ | 25381YAC5 | CORPORATE BONDS | 62,817.0000 | 5,653.53 | .00 | |
| INKIA ENERGY L 5.875% 11/09/27 | BDG1353 | CORPORATE BONDS | 1,985,000.0000 | 1,870,862.50 | .26 | |
| CREDICORP LTD 2.75% 06/17/25 | BMTR5V1 | CORPORATE BONDS | 200,000.0000 | 186,466.93 | .03 | |
| GOLAR LNG LTD 7% 10/20/25 | G4023LAB7 | CORPORATE BONDS | 9,465,000.0000 | 8,897,100.00 | 1.24 | |
| BANCO DO BRASIL 3.25% 09/30/26 | 059578AF1 | CORPORATE BONDS | 2,100,000.0000 | 1,901,310.94 | .26 | |
| FED REPUBLIC O 2.875% 06/06/25 | 105756CD0 | GOVERNMENT BONDS | 4,800,000.0000 | 4,521,695.71 | .63 | |
| ITAU UNIBANCO HLD V/R 04/15/31 | 46556M2A9 | CORPORATE BONDS | 5,550,000.0000 | 4,960,312.50 | .69 | |
| ALGONQUIN PWR & U V/R 01/18/82 | 015857AH8 | CORPORATE BONDS | 165,000.0000 | 135,300.00 | .02 | |
| COLUMBIA CARE IN 9.5% 02/03/26 | 197309AP2 | CORPORATE BONDS | 10,024,000.0000 | 9,873,640.00 | 1.37 | |
| EMERA INC V/R 06/15/76 | 290876AD3 | CORPORATE BONDS | 1,045,000.0000 | 988,831.25 | .14 | |
| ENBRIDGE INC V/R 07/15/77 | 29250NAS4 | CORPORATE BONDS | 650,000.0000 | 569,988.13 | .08 | |
| ENBRIDGE INC V/R 07/15/80 | 29250NBC8 | CORPORATE BONDS | 735,000.0000 | 653,576.99 | .09 | |
| ENBRIDGE INC V/R 01/15/83 | 29250NBP9 | CORPORATE BONDS | 190,000.0000 | 185,743.49 | .03 | |
| GREENFIRE RESOURC 12% 08/15/25 | 36136LAA2 | CORPORATE BONDS | 2,473,000.0000 | 2,621,380.00 | .36 | |
| MEGLOBAL CANADA UL 5% 05/18/25 | 58518N2B7 | CORPORATE BONDS | 1,000,000.0000 | 976,544.00 | .14 | |
| TACORA RESOURCE 8.25% 05/15/26 | 87356LAA8 | CORPORATE BONDS | 5,868,000.0000 | 4,811,936.86 | .67 | |
| TRANSCANADA TRUST V/R 09/15/79 | 89356BAE8 | CORPORATE BONDS | 130,000.0000 | 110,825.00 | .02 | |
| TRANSCANADA TRUST V/R 03/07/82 | 89356BAG3 | CORPORATE BONDS | 160,000.0000 | 136,263.54 | .02 | |
| MEGLOBAL CANADA UL 5% 05/18/25 | BMFG2R7 | CORPORATE BONDS | 4,600,000.0000 | 4,492,102.40 | .62 | |
| COPPER MOUNTAIN MI 8% 04/09/26 | C2783GAA8 | CORPORATE BONDS | 7,840,129.0000 | 7,271,719.65 | 1.01 | |
| INTERNATIONAL P 7.25% 02/01/27 | C4731DAA4 | CORPORATE BONDS | 5,643,000.0000 | 5,274,580.78 | .73 | |
| SA GLOBAL SUKU 1.602% 06/17/26 | 78397PAB7 | CORPORATE BONDS | 1,100,000.0000 | 984,535.20 | .14 | |
| TRANSOCEAN INC 7.5% 04/15/31 | RIG31 | 893830AF6 | CORPORATE BONDS | 1,992,000.0000 | 1,329,660.00 | .18 |
| SABLE INTL FINA 5.75% 09/07/27 | BJN5MK8 | CORPORATE BONDS | 3,973,000.0000 | 3,625,362.50 | .50 | |
| SA GLOBAL SUKU 1.602% 06/17/26 | BNKVR35 | CORPORATE BONDS | 3,900,000.0000 | 3,490,624.80 | .49 | |
| INTEROCEANICA 0% 11/30/25 | P52715AB8 | CORPORATE BONDS | 182,597.4000 | 147,073.08 | .02 | |
| AES ANDES SA V/R 03/26/79 | 00105DAF2 | CORPORATE BONDS | 800,000.0000 | 740,345.39 | .10 | |
| BANCO DEL ESTA 2.704% 01/09/25 | 05968AAG1 | CORPORATE BONDS | 1,300,000.0000 | 1,226,561.54 | .17 | |
| CHILE ELEC PEC SP ZCP 01/25/28 | 168831AA3 | CORPORATE BONDS | 3,400,000.0000 | 2,393,825.79 | .33 | |
| REPUBLIC OF CH 3.125% 01/21/26 | 168863CA4 | GOVERNMENT BONDS | 1,600,000.0000 | 1,520,507.17 | .21 | |
| ENEL GENERACION 4.25% 04/15/24 | 29246RAA1 | CORPORATE BONDS | 6,300,000.0000 | 6,205,500.00 | .86 | |
| EMPRESA ELECTRIC 5.5% 05/14/27 | BK254C2 | CORPORATE BONDS | 2,256,240.0000 | 1,981,001.28 | .28 | |
| AES ANDES SA V/R 03/26/79 | P0607LAC7 | CORPORATE BONDS | 1,000,000.0000 | 925,431.74 | .13 | |
| AES ANDES SA V/R 10/07/79 | P0607LAD5 | CORPORATE BONDS | 600,000.0000 | 540,000.00 | .08 | |
| CENCOSUD SA 5.15% 02/12/25 | P2205JAK6 | CORPORATE BONDS | 600,000.0000 | 591,750.00 | .08 | |
| COLBUN SA 4.5% 07/10/24 | P2867KAE6 | CORPORATE BONDS | 400,000.0000 | 393,000.00 | .05 | |
| EMPRESA ELECTR 4.875% 05/25/29 | P3713QAA5 | CORPORATE BONDS | 679,695.0000 | 600,680.46 | .08 | |
| GNL QUINTERO S 4.634% 07/31/29 | P4909LAA8 | CORPORATE BONDS | 2,470,800.0000 | 2,348,479.46 | .33 | |
| SOCIEDAD QUIMI 4.375% 01/28/25 | P8718AAH9 | CORPORATE BONDS | 2,200,000.0000 | 2,156,000.00 | .30 | |
| VTR COMUNICACI 5.125% 01/15/28 | P9810XAA9 | CORPORATE BONDS | 1,803,000.0000 | 1,027,710.00 | .14 | |
| BANCOLOMBIA SA V/R 10/18/27 | 05968LAK8 | CORPORATE BONDS | 6,570,000.0000 | 6,290,775.00 | .87 | |
| BANCOLOMBIA SA V/R 12/18/29 | 05968LAL6 | CORPORATE BONDS | 1,350,000.0000 | 1,149,187.50 | .16 | |
| REPUBLIC OF COLO 4.5% 01/28/26 | 195325CX1 | GOVERNMENT BONDS | 4,900,000.0000 | 4,543,644.90 | .63 | |
| ECOPETROL SA 4.125% 01/16/25 | 279158AK5 | CORPORATE BONDS | 1,700,000.0000 | 1,599,991.28 | .22 | |
| GRUPO INVERSIONE 5.5% 04/29/26 | BDGKYR9 | CORPORATE BONDS | 1,450,000.0000 | 1,369,691.75 | .19 | |
| ECOPETROL SA 5.875% 09/18/23 | EC23 | BDV82X0 | CORPORATE BONDS | 5,600,000.0000 | 5,559,120.00 | .77 |
| BBVA COLOMBIA 4.875% 04/21/25 | P1024TAN9 | CORPORATE BONDS | 400,000.0000 | 380,000.03 | .05 | |
| GEORG JENSEN V/R 05/15/23/EUR/ | K40294AA6 | CORPORATE BONDS | 2,100,000.0000 | 2,151,410.09 | .30 | |
| BANCO RESERVAS REP 7% 02/01/23 | B9L68W7 | CORPORATE BONDS | 1,100,000.0000 | 1,097,250.00 | .15 | |
| BNP PARIBAS V/R /PERP/ | 05565AHN6 | CORPORATE BONDS | 340,000.0000 | 326,549.27 | .05 | |
| BNP PARIBAS V/R /PERP/ | 05565AM34 | CORPORATE BONDS | 475,000.0000 | 465,500.00 | .06 | |
| CREDIT AGRICOLE SA V/R /PERP/ | 225313AJ4 | CORPORATE BONDS | 830,000.0000 | 843,205.30 | .12 | |
| SOCIETE GENERALE V/R /PERP/ | 83367TBF5 | CORPORATE BONDS | 290,000.0000 | 285,534.00 | .04 | |
| SOCIETE GENERALE V/R /PERP/ | 83367TBU2 | CORPORATE BONDS | 450,000.0000 | 391,891.50 | .05 | |
| LIFEFITGROUP V/R 07/26/23/EUR/ | BM9CLT6 | CORPORATE BONDS | 2,640,000.0000 | 2,720,496.14 | .38 | |
| LR GLOBAL HO V/R 02/03/25/EUR/ | BMFN5V3 | CORPORATE BONDS | 3,770,000.0000 | 2,923,523.68 | .41 | |
| DEUTSCHE BANK AG V/R /PERP/ | 251525AX9 | CORPORATE BONDS | 600,000.0000 | 510,905.12 | .07 | |
| ONGC VIDESH LTD 3.75% 05/07/23 | B8CH8T9 | CORPORATE BONDS | 1,300,000.0000 | 1,289,691.00 | .18 | |
| INDIAN OIL CORP 5.75% 08/01/23 | BCHH9P5 | CORPORATE BONDS | 1,500,000.0000 | 1,502,184.57 | .21 | |
| ADANI PORTS AND SP 4% 07/30/27 | BF0MQ91 | CORPORATE BONDS | 3,100,000.0000 | 2,704,634.03 | .38 | |
| ONGC VIDESH LT 4.625% 07/15/24 | BP3YP97 | CORPORATE BONDS | 850,000.0000 | 832,524.00 | .12 | |
| ADANI PORTS AN 3.375% 07/24/24 | Y00130RW9 | CORPORATE BONDS | 900,000.0000 | 848,435.16 | .12 | |
| ADANI INTERNATIONA 3% 02/16/31 | Y0R14UAA9 | CORPORATE BONDS | 1,546,875.0000 | 1,211,931.33 | .17 | |
| RELIANCE INDUS 4.125% 01/28/25 | Y72596BU5 | CORPORATE BONDS | 4,100,000.0000 | 3,972,848.01 | .55 | |
| PT PERTAMINA (PE 1.4% 02/09/26 | 69370RAK3 | CORPORATE BONDS | 4,800,000.0000 | 4,276,101.65 | .59 | |
| FREEPORT INDON 4.763% 04/14/27 | 69377FAA4 | CORPORATE BONDS | 1,100,000.0000 | 1,057,100.00 | .15 | |
| PERUSAHAAN PENE 3.75% 03/01/23 | 71567RAJ5 | CORPORATE BONDS | 1,321,000.0000 | 1,319,695.95 | .18 | |
| PT PERTAMINA (PE 4.3% 05/20/23 | Y7138AAE0 | CORPORATE BONDS | 2,100,000.0000 | 2,084,250.00 | .29 | |
| INDONESIA ASAHA 4.75% 05/15/25 | Y7140WAE8 | CORPORATE BONDS | 1,500,000.0000 | 1,466,721.47 | .20 | |
| FREEPORT INDON 4.763% 04/14/27 | Y7141BAA1 | CORPORATE BONDS | 2,900,000.0000 | 2,786,900.00 | .39 | |
| BANK LEUMI LE-ISR V/R 01/29/31 | 06326BAA7 | CORPORATE BONDS | 4,170,000.0000 | 3,706,087.50 | .52 | |
| BANK HAPOALIM V/R 01/21/32 | BNRR5X2 | CORPORATE BONDS | 4,000,000.0000 | 3,412,880.00 | .47 | |
| LINKEM SPA V/R 11/09/22/EUR/ | 333CY4 | CORPORATE BONDS | 6,630,000.0000 | 6,832,155.08 | .95 | |
| INTESA SANPAOLO SPA V/R /PERP/ | 46115HAU1 | CORPORATE BONDS | 85,000.0000 | 78,345.00 | .01 | |
| GALAXY PIPELINE 1.75% 09/30/27 | BNC1DT1 | CORPORATE BONDS | 6,008,724.9200 | 5,551,223.19 | .77 | |
| MILLICOM INTL 6.625% 10/15/26 | BYQM483 | CORPORATE BONDS | 1,377,900.0000 | 1,350,648.69 | .19 | |
| CSN RESOURCES 7.625% 04/17/26 | L21779AD2 | CORPORATE BONDS | 900,000.0000 | 893,880.00 | .12 | |
| GUARA NORTE SA 5.198% 06/15/34 | L4R02QAA8 | CORPORATE BONDS | 374,460.0000 | 309,865.65 | .04 | |
| MILLICOM INTL 5.125% 01/15/28 | L6388GAB6 | CORPORATE BONDS | 1,575,000.0000 | 1,424,256.75 | .20 | |
| TNB GLOBAL VEN 3.244% 10/19/26 | BYM79R6 | CORPORATE BONDS | 6,700,000.0000 | 6,194,150.00 | .86 | |
| AXIATA SPV2 BH 4.357% 03/24/26 | BYQ3VC9 | CORPORATE BONDS | 1,250,000.0000 | 1,220,950.00 | .17 | |
| MALAYSIA SOVER 3.043% 04/22/25 | Y5749LAA9 | CORPORATE BONDS | 1,200,000.0000 | 1,161,048.30 | .16 | |
| PETRONAS CAPITAL 3.5% 03/18/25 | Y68856AN6 | CORPORATE BONDS | 3,600,000.0000 | 3,483,899.21 | .48 | |
| ALTERA SHUTTLE T 9.5% 12/15/25 | Y1001FAB2 | CORPORATE BONDS | 4,000,000.0000 | 3,412,118.92 | .47 | |
| UPL CORP LTD 4.5% 03/08/28 | BFX1K48 | CORPORATE BONDS | 1,900,000.0000 | 1,593,977.37 | .22 | |
| FOMENTO ECONOM 2.875% 05/10/23 | 344419AA4 | CORPORATE BONDS | 350,000.0000 | 345,611.00 | .05 | |
| BANCO MERCANTIL DE V/R /PERP/ | P1401KAA9 | CORPORATE BONDS | 2,200,000.0000 | 1,898,600.00 | .26 | |
| BANCO NACIONAL CO V/R 08/11/31 | P1451JAA1 | CORPORATE BONDS | 2,600,000.0000 | 2,197,000.00 | .31 | |
| BBVA BANCOMER SA V/R 11/12/29 | P16259AL0 | CORPORATE BONDS | 2,443,000.0000 | 2,369,710.00 | .33 | |
| MEXICO GENERADOR 5.5% 12/06/32 | P66208AA0 | CORPORATE BONDS | 566,152.0000 | 538,899.23 | .07 | |
| ORBIA ADVANCE 1.875% 05/11/26 | P7S81YAB1 | CORPORATE BONDS | 700,000.0000 | 609,924.00 | .08 | |
| AZERION HO 7.25% 04/28/24/EUR/ | BMD6871 | CORPORATE BONDS | 872,000.0000 | 835,959.25 | .12 | |
| AERCAP HOLDINGS N V/R 10/10/79 | 00774YAA7 | CORPORATE BONDS | 1,210,000.0000 | 1,121,403.80 | .16 | |
| CLEAR CHANNEL 6.625% 08/01/25 | 18452MAB2 | CORPORATE BONDS | 4,329,000.0000 | 4,097,200.97 | .57 | |
| ING GROEP NV V/R /PERP/ | 456837AF0 | CORPORATE BONDS | 400,000.0000 | 376,344.02 | .05 | |
| ING GROEP NV V/R /PERP/ | 456837AR4 | CORPORATE BONDS | 400,000.0000 | 351,840.00 | .05 | |
| ING GROEP NV V/R /PERP/ | BJP13K1 | CORPORATE BONDS | 200,000.0000 | 193,000.00 | .03 | |
| BRASKEM NETHERLAN V/R 01/23/81 | N15516AF9 | CORPORATE BONDS | 4,700,000.0000 | 4,535,359.00 | .63 | |
| MHH HOLDING BV V/R 02/10/25 | N4071MAA0 | CORPORATE BONDS | 2,186,000.0000 | 2,186,000.00 | .30 | |
| MV24 CAPITAL B 6.748% 06/01/34 | N53766AA4 | CORPORATE BONDS | 844,455.0000 | 748,666.69 | .10 | |
| MINEJESA CAPIT 4.625% 08/10/30 | N57445AA1 | CORPORATE BONDS | 6,200,000.0000 | 5,394,000.00 | .75 | |
| VTR FINANCE BV 6.375% 07/15/28 | P9810YAA7 | CORPORATE BONDS | 1,600,000.0000 | 696,000.00 | .10 | |
| LINK MOBI 3.375% 12/15/25/EUR/ | BM90CB9 | CORPORATE BONDS | 1,200,000.0000 | 1,036,111.82 | .14 | |
| AKER ASA V/R 09/27/27/NOK/ | BN6ML18 | CORPORATE BONDS | 19,500,000.0000 | 1,963,557.69 | .27 | |
| AKER HORIZON V/R 08/15/25/NOK/ | BNC0570 | CORPORATE BONDS | 21,000,000.0000 | 1,994,383.02 | .28 | |
| DUETT SOFTWA V/R 04/12/26/NOK/ | R1R1C2AA8 | CORPORATE BONDS | 8,933,000.0000 | 852,921.39 | .12 | |
| MIME PETROLEUM 10.25% 11/10/26 | 34K7DS | CORPORATE BONDS | 1,050,000.0000 | 950,250.00 | .13 | |
| JACKTEL 10% 12/04/23 | BH0M918 | CORPORATE BONDS | 1,035,668.0000 | 880,317.80 | .12 | |
| JACKTEL 10% 12/04/23 | BNXH8G0 | CORPORATE BONDS | 584,544.0000 | 584,544.00 | .08 | |
| REPUBLIC OF PANAMA 4% 09/22/24 | 698299BD5 | GOVERNMENT BONDS | 3,000,000.0000 | 2,944,923.24 | .41 | |
| REPUBLIC OF PAN 3.75% 03/16/25 | 698299BE3 | GOVERNMENT BONDS | 3,500,000.0000 | 3,403,930.29 | .47 | |
| BANCO CONTINENT 2.75% 12/10/25 | 059490AB8 | CORPORATE BONDS | 950,000.0000 | 827,687.50 | .12 | |
| BANCO CONTINENT 2.75% 12/10/25 | P09110AB6 | CORPORATE BONDS | 1,200,000.0000 | 1,045,500.00 | .15 | |
| BANCO DE CREDITO V/R 09/30/31 | 05971U2D8 | CORPORATE BONDS | 2,800,000.0000 | 2,423,428.00 | .34 | |
| BANCO DE CREDITO V/R 07/01/30 | 05971V2C8 | CORPORATE BONDS | 2,050,000.0000 | 1,868,780.00 | .26 | |
| BANCO DE CREDITO V/R 09/30/31 | 05971V2D6 | CORPORATE BONDS | 1,450,000.0000 | 1,254,989.50 | .17 | |
| REPUBLIC OF PE 2.392% 01/23/26 | 715638DE9 | GOVERNMENT BONDS | 6,900,000.0000 | 6,382,209.37 | .89 | |
| SCOTIABANK PERU S V/R 12/13/27 | B95K160 | CORPORATE BONDS | 1,650,000.0000 | 1,631,734.50 | .23 | |
| FENIX POWER PE 4.317% 09/20/27 | BFB5M24 | CORPORATE BONDS | 4,258,235.2800 | 3,882,616.35 | .54 | |
| HUNT OIL CO OF 6.375% 06/01/28 | BFCCDJ8 | CORPORATE BONDS | 3,572,400.0000 | 3,393,780.00 | .47 | |
| BBVA BANCO CONTIN V/R 09/22/29 | BQVBHX5 | CORPORATE BONDS | 550,000.0000 | 533,500.00 | .07 | |
| ORAZUL ENERGY 5.625% 04/28/27 | BZ3FXQ3 | CORPORATE BONDS | 2,449,000.0000 | 2,145,936.25 | .30 | |
| BANCO INTERNAC DE V/R 03/19/29 | P13435AA3 | CORPORATE BONDS | 1,500,000.0000 | 1,486,771.26 | .21 | |
| BANCO INTERNAC DE V/R 07/08/30 | P13435AD7 | CORPORATE BONDS | 2,892,000.0000 | 2,604,361.68 | .36 | |
| CAMPOSOL SA 6% 02/03/27 | P19189AE2 | CORPORATE BONDS | 750,000.0000 | 454,410.00 | .06 | |
| CORP FINANCIERA D V/R 07/15/29 | P3R94GAA7 | GOVERNMENT BONDS | 1,815,000.0000 | 1,713,378.15 | .24 | |
| KALLPA GENERAC 4.875% 05/24/26 | P6040KAB3 | CORPORATE BONDS | 2,700,000.0000 | 2,592,000.00 | .36 | |
| TRANSPORT DE GA 4.25% 04/30/28 | P9367RAG6 | CORPORATE BONDS | 3,050,000.0000 | 2,857,118.00 | .40 | |
| STATE OF QATAR 3.25% 06/02/26 | BDDRJ90 | GOVERNMENT BONDS | 3,000,000.0000 | 2,880,068.58 | .40 | |
| QATAR ENERGY 1.375% 09/12/26 | M8180AAC2 | CORPORATE BONDS | 5,200,000.0000 | 4,601,792.00 | .64 | |
| SAUDI INTERNATI 3.25% 10/26/26 | BYQ6MG9 | GOVERNMENT BONDS | 2,500,000.0000 | 2,378,750.00 | .33 | |
| DBS GROUP HOLD 1.169% 11/22/24 | 24023KAH1 | CORPORATE BONDS | 400,000.0000 | 371,052.00 | .05 | |
| DBS GROUP HOLDING V/R 12/11/28 | 24023NAA0 | CORPORATE BONDS | 975,000.0000 | 962,523.00 | .13 | |
| OVERSEA-CHINESE B V/R 09/10/30 | 69033CAD1 | CORPORATE BONDS | 2,500,000.0000 | 2,232,700.00 | .31 | |
| OVERSEA-CHINESE 4.25% 06/19/24 | 69033DAC1 | CORPORATE BONDS | 1,000,000.0000 | 985,590.00 | .14 | |
| OVERSEA-CHINESE B V/R 09/10/30 | 69033DAD9 | CORPORATE BONDS | 4,400,000.0000 | 3,929,552.00 | .55 | |
| UNITED OVERSEAS B V/R 04/15/29 | 91127LAC4 | CORPORATE BONDS | 3,300,000.0000 | 3,206,505.09 | .45 | |
| SINGTEL GROUP 2.375% 10/03/26 | BDCFSL0 | CORPORATE BONDS | 6,500,000.0000 | 6,003,660.00 | .83 | |
| UNITED OVERSEAS B V/R 03/16/31 | BN767V1 | CORPORATE BONDS | 5,000,000.0000 | 4,413,900.00 | .61 | |
| PSA TREASURY PTE 2.5% 04/12/26 | BYQ9N32 | CORPORATE BONDS | 1,150,000.0000 | 1,076,676.00 | .15 | |
| SINGTEL GROUP T 3.25% 06/30/25 | BYTGS46 | CORPORATE BONDS | 1,200,000.0000 | 1,155,089.89 | .16 | |
| ONGC VIDESH VAN 3.75% 07/27/26 | BZ30F95 | CORPORATE BONDS | 650,000.0000 | 610,103.00 | .08 | |
| DBS GROUP HOLDING V/R 03/10/31 | Y20246J57 | CORPORATE BONDS | 6,000,000.0000 | 5,320,200.00 | .74 | |
| REPUBLIC OF SO 4.665% 01/17/24 | 836205AQ7 | GOVERNMENT BONDS | 3,200,000.0000 | 3,152,000.00 | .44 | |
| REPUBLIC OF SO 4.875% 04/14/26 | 836205AT1 | GOVERNMENT BONDS | 1,600,000.0000 | 1,562,633.60 | .22 | |
| KOREA DEVELOPMEN 0.8% 04/27/26 | 500630DE5 | GOVERNMENT BONDS | 2,000,000.0000 | 1,770,140.00 | .25 | |
| KOREA DEVELOPMENT 1% 09/09/26 | 500630DL9 | GOVERNMENT BONDS | 200,000.0000 | 174,373.98 | .02 | |
| KOREA ELECTRIC 1.125% 06/15/25 | 500631AU0 | GOVERNMENT BONDS | 1,900,000.0000 | 1,712,882.62 | .24 | |
| KOREA HYDRO & N 1.25% 04/27/26 | 50064YAP8 | GOVERNMENT BONDS | 5,100,000.0000 | 4,477,795.21 | .62 | |
| KOREA SOUTHERN 0.75% 01/27/26 | 50065AAC8 | CORPORATE BONDS | 4,300,000.0000 | 3,770,111.00 | .52 | |
| KOREA EAST-WEST 1.75% 05/06/25 | 5006EPAK7 | CORPORATE BONDS | 2,200,000.0000 | 2,013,835.54 | .28 | |
| NONGHYUP BANK 1.25% 07/20/25 | 65540JAE8 | CORPORATE BONDS | 2,000,000.0000 | 1,786,379.04 | .25 | |
| LG CHEM LTD 3.25% 10/15/24 | BJHQ2T6 | CORPORATE BONDS | 3,900,000.0000 | 3,741,153.00 | .52 | |
| KOREA DEVELOPME 1.25% 06/03/25 | BMWJ3J8 | GOVERNMENT BONDS | 2,150,000.0000 | 1,952,005.70 | .27 | |
| KOREA EAST-WEST 1.75% 05/06/25 | Y4836TBT7 | CORPORATE BONDS | 2,700,000.0000 | 2,471,525.43 | .34 | |
| KOREA ELECTRIC 1.125% 06/15/25 | Y4907LAB8 | GOVERNMENT BONDS | 4,000,000.0000 | 3,606,068.68 | .50 | |
| KT CORP 2.5% 07/18/26 | Y49915AZ7 | CORPORATE BONDS | 400,000.0000 | 366,070.56 | .05 | |
| KT CORP 1% 09/01/25 | Y4S88QDU3 | CORPORATE BONDS | 7,300,000.0000 | 6,486,695.39 | .90 | |
| POSCO HOLDINGS INC 2.375% 01/17/23 | Y70750BU0 | CORPORATE BONDS | 1,500,000.0000 | 1,494,405.00 | .21 | |
| BANCO BILBAO VIZCAY V/R /PERP/ | 05946KAF8 | CORPORATE BONDS | 200,000.0000 | 165,165.97 | .02 | |
| BANCO BILBAO VIZCAY V/R /PERP/ | 05946KAG6 | CORPORATE BONDS | 200,000.0000 | 189,176.45 | .03 | |
| BANCO SANTANDER SA V/R /PERP/ | 05971KAH2 | CORPORATE BONDS | 1,000,000.0000 | 775,527.19 | .11 | |
| AI CANDELARIA SP 7.5% 12/15/28 | BGL1H02 | CORPORATE BONDS | 4,483,000.0000 | 4,181,563.08 | .58 | |
| BANCO SANTANDER SA V/R /PERP/ | BJJ0597 | CORPORATE BONDS | 200,000.0000 | 195,220.00 | .03 | |
| CONNECT FINCO S 6.75% 10/01/26 | 20752TAA2 | CORPORATE BONDS | 4,593,000.0000 | 4,340,385.00 | .60 | |
| CREDIT SUISSE GROUP V/R /PERP/ | 225401AL2 | CORPORATE BONDS | 1,365,000.0000 | 873,327.00 | .12 | |
| CREDIT SUISSE GROUP V/R /PERP/ | 225401AX6 | CORPORATE BONDS | 800,000.0000 | 682,080.00 | .09 | |
| UBS GROUP AG V/R /PERP/ | 902613AJ7 | CORPORATE BONDS | 200,000.0000 | 168,046.90 | .02 | |
| UBS GROUP AG V/R /PERP/ | 90352JAF0 | CORPORATE BONDS | 300,000.0000 | 295,500.00 | .04 | |
| UBS GROUP AG V/R /PERP/ | BZ04Y60 | CORPORATE BONDS | 900,000.0000 | 881,460.00 | .12 | |
| UKRAINE GOVERNM 9.75% 11/01/30 | BG4T0F9 | GOVERNMENT BONDS | 1,800,000.0000 | 423,378.00 | .06 | |
| IMPALA GROUP V/R 10/20/24/SEK/ | G4722LAA3 | CORPORATE BONDS | 12,500,000.0000 | 1,125,306.02 | .16 | |
| BARCLAYS PLC V/R /PERP/ | 06738EBA2 | CORPORATE BONDS | 675,000.0000 | 648,000.00 | .09 | |
| BARCLAYS PLC V/R /PERP/ | 06738EBX2 | CORPORATE BONDS | 625,000.0000 | 589,062.50 | .08 | |
| HSBC HOLDINGS PLC V/R /PERP/ | 404280AT6 | CORPORATE BONDS | 1,000,000.0000 | 952,500.00 | .13 | |
| HSBC HOLDINGS PLC V/R /PERP/ | 404280BL2 | CORPORATE BONDS | 1,230,000.0000 | 1,088,796.00 | .15 | |
| LLOYDS BANKING GROU V/R /PERP/ | 539439AG4 | CORPORATE BONDS | 200,000.0000 | 195,518.00 | .03 | |
| LLOYDS BANKING GROU V/R /PERP/ | 539439AU3 | CORPORATE BONDS | 1,170,000.0000 | 1,123,744.07 | .16 | |
| NATWEST GROUP PLC V/R /PERP/ | 780097BQ3 | CORPORATE BONDS | 560,000.0000 | 512,400.00 | .07 | |
| NATWEST GROUP PLC V/R /PERP/ | 780099CK1 | CORPORATE BONDS | 600,000.0000 | 584,040.00 | .08 | |
| STANDARD CHARTERED V/R /PERP/ | 853254BT6 | CORPORATE BONDS | 240,000.0000 | 231,000.00 | .03 | |
| VODAFONE GROUP PL V/R 04/04/79 | 92857WBQ2 | CORPORATE BONDS | 780,000.0000 | 777,043.80 | .11 | |
| VODAFONE GROUP PL V/R 06/04/81 | 92857WBW9 | CORPORATE BONDS | 250,000.0000 | 188,127.50 | .03 | |
| LEGAL & GENERAL G V/R 03/21/47 | BF1TMX7 | CORPORATE BONDS | 200,000.0000 | 183,984.00 | .03 | |
| VEDANTA UK INV 6.125% 08/09/24 | BF2WGB1 | CORPORATE BONDS | 200,000.0000 | 121,979.61 | .02 | |
| VEDANTA UK INV 7.125% 05/31/23 | G9328DAJ9 | CORPORATE BONDS | 800,000.0000 | 746,676.00 | .10 | |
| AERCAP GLOBAL AVI V/R 06/15/45 | 00773HAA5 | CORPORATE BONDS | 820,000.0000 | 757,441.49 | .11 | |
| AIR LEASE CORP V/R /PERP/ | 00912XBJ2 | CORPORATE BONDS | 650,000.0000 | 552,760.01 | .08 | |
| ALLY FINANCIAL INC V/R /PERP/ | 02005NBM1 | CORPORATE BONDS | 420,000.0000 | 304,237.50 | .04 | |
| ALLY FINANCIAL INC V/R /PERP/ | 02005NBN9 | CORPORATE BONDS | 565,000.0000 | 376,275.49 | .05 | |
| AMER AGCREDIT ACA V/R /PERP/ | 02369GAA3 | CORPORATE BONDS | 250,000.0000 | 212,500.00 | .03 | |
| AMERICAN ELECTRIC V/R 02/15/62 | 025537AU5 | CORPORATE BONDS | 160,000.0000 | 123,883.28 | .02 | |
| AMERICAN EXPRESS CO V/R /PERP/ | 025816CH0 | CORPORATE BONDS | 240,000.0000 | 190,800.00 | .03 | |
| AMERICAN INTL GRO V/R 04/01/48 | 026874DM6 | CORPORATE BONDS | 160,000.0000 | 150,240.00 | .02 | |
| ANA INTL/ANA HOLD 15% 08/15/25 | 03254TAA1 | CORPORATE BONDS | 3,173,909.0000 | 3,078,691.73 | .43 | |
| ASSURANT INC V/R 03/27/48 | 04621XAK4 | CORPORATE BONDS | 1,200,000.0000 | 1,146,000.00 | .16 | |
| AXIS SPECIALTY FI V/R 01/15/40 | 05463HAC5 | CORPORATE BONDS | 250,000.0000 | 204,375.00 | .03 | |
| BANK OF AMERICA COR V/R /PERP/ | 060505EL4 | CORPORATE BONDS | 750,000.0000 | 739,821.58 | .10 | |
| BANK OF AMERICA COR V/R /PERP/ | 060505EU4 | CORPORATE BONDS | 1,020,000.0000 | 1,010,820.00 | .14 | |
| BANK OF AMERICA COR V/R /PERP/ | 060505GB4 | CORPORATE BONDS | 355,000.0000 | 303,525.00 | .04 | |
| BANK OF NY MELLON C V/R /PERP/ | 064058AH3 | CORPORATE BONDS | 200,000.0000 | 191,800.00 | .03 | |
| ESCROW GCB BRI 6.875% 12/15/20 | 109ESCAA1 | CORPORATE BONDS | 133,000.0000 | 1,330.00 | .00 | |
| CCO HLDGS LLC/CAP 4% 03/01/23 | 1248EPBZ5 | CORPORATE BONDS | 3,263,000.0000 | 3,244,608.43 | .45 | |
| CMS ENERGY CORP V/R 06/01/50 | 125896BU3 | CORPORATE BONDS | 215,000.0000 | 178,886.20 | .02 | |
| XPO CNW INC 6.7% 05/01/34 | CNW/34 | 12612WAB0 | CORPORATE BONDS | 2,450,000.0000 | 2,192,048.08 | .30 |
| CAPITAL FARM CREDIT V/R /PERP/ | 14019TAA4 | CORPORATE BONDS | 280,000.0000 | 240,800.00 | .03 | |
| CAPITAL ONE FINANCI V/R /PERP/ | 14040HCF0 | CORPORATE BONDS | 325,000.0000 | 250,250.00 | .03 | |
| CENTERPOINT ENERGY V/R /PERP/ | 15189TAS6 | CORPORATE BONDS | 885,000.0000 | 836,539.68 | .12 | |
| CHOBANI LLC/FINA 7.5% 04/15/25 | 17027NAA0 | CORPORATE BONDS | 4,737,000.0000 | 4,630,228.02 | .64 | |
| CITIGROUP INC V/R /PERP/ | 172967HQ7 | CORPORATE BONDS | 200,000.0000 | 187,000.00 | .03 | |
| CITIGROUP INC V/R /PERP/ | 172967JM4 | CORPORATE BONDS | 1,544,000.0000 | 1,439,462.46 | .20 | |
| CITIGROUP INC V/R /PERP/ | 172967KM2 | CORPORATE BONDS | 775,000.0000 | 749,967.50 | .10 | |
| CITIGROUP INC V/R /PERP/ | 172967MG3 | CORPORATE BONDS | 645,000.0000 | 580,500.00 | .08 | |
| CITIGROUP INC V/R /PERP/ | 172967NB3 | CORPORATE BONDS | 140,000.0000 | 113,050.00 | .02 | |
| CITIZENS FINANCIAL V/R /PERP/ | 174610AQ8 | CORPORATE BONDS | 100,000.0000 | 92,250.00 | .01 | |
| CITIZENS FINANCIAL V/R /PERP/ | 174610BD6 | CORPORATE BONDS | 260,000.0000 | 209,690.00 | .03 | |
| COBANK ACB V/R /PERP/ | 19075QAC6 | CORPORATE BONDS | 1,075,000.0000 | 1,032,342.18 | .14 | |
| COBANK ACB V/R /PERP/ | 19075QAE2 | CORPORATE BONDS | 460,000.0000 | 453,100.00 | .06 | |
| COMPEER FINANCIAL A V/R /PERP/ | 20453QAA0 | CORPORATE BONDS | 650,000.0000 | 573,625.51 | .08 | |
| COVANTA HOLDIN 4.875% 12/01/29 | 22303XAA3 | CORPORATE BONDS | -2,514,000.0000 | -2,124,330.00 | -.30 | |
| COVANTA HOLDIN 4.875% 12/01/29 | 22303XAA3 | CORPORATE BONDS | 2,514,000.0000 | 2,124,330.00 | .30 | |
| DXC TECHNOLOGY 2.375% 09/15/28 | 23355LAM8 | CORPORATE BONDS | 1,328,000.0000 | 1,138,080.62 | .16 | |
| DAIRY FARMERS OF 7.125% /PERP/ | 23385HAA7 | CORPORATE BONDS | 510,000.0000 | 457,725.00 | .06 | |
| DIEBOLD NIXDORF 8.5% 04/15/24 | 253651AC7 | CORPORATE BONDS | 1,665,000.0000 | 907,327.53 | .13 | |
| DISCOVER FINANCIAL V/R /PERP/ | 254709AN8 | CORPORATE BONDS | 125,000.0000 | 98,125.00 | .01 | |
| DISCOVER FINANCIAL V/R /PERP/ | 254709AQ1 | CORPORATE BONDS | 240,000.0000 | 234,360.00 | .03 | |
| EDISON INTERNATIONA V/R /PERP/ | 281020AS6 | CORPORATE BONDS | 360,000.0000 | 305,816.40 | .04 | |
| EDISON INTERNATIONA V/R /PERP/ | 281020AT4 | CORPORATE BONDS | 375,000.0000 | 309,220.89 | .04 | |
| ENERGY TRANSFER LP V/R /PERP/ | 29273VAM2 | CORPORATE BONDS | 44,000.0000 | 36,960.00 | .01 | |
| ENERGY TRANSFER LP V/R /PERP/ | 29273VAN0 | CORPORATE BONDS | 695,000.0000 | 598,172.60 | .08 | |
| ENSTAR FINANCE LL V/R 01/15/42 | 29360AAB6 | CORPORATE BONDS | 310,000.0000 | 249,860.00 | .03 | |
| EQUITABLE HOLDINGS V/R /PERP/ | 29452EAA9 | CORPORATE BONDS | 615,000.0000 | 581,113.50 | .08 | |
| FS ENERGY & POWE 7.5% 08/15/23 | 30264DAA7 | CORPORATE BONDS | -1,940,000.0000 | -1,940,000.00 | -.27 | |
| FIFTH THIRD BANCORP V/R /PERP/ | 316773DB3 | CORPORATE BONDS | 430,000.0000 | 402,544.50 | .06 | |
| ASSURED GUARANTY V/R 12/15/66 | 31769PAB6 | CORPORATE BONDS | 969,000.0000 | 889,057.50 | .12 | |
| FIRST CITIZENS BANC V/R /PERP/ | 31959XAA1 | CORPORATE BONDS | 260,000.0000 | 261,300.00 | .04 | |
| INVEPAR A-1 0% 12/30/2028 | 3323Z7 | CORPORATE BONDS | 70,068.0000 | .00 | .00 | |
| BRAZOS ELECTRIC 0% 3/23/49 | 34G3VQ | CORPORATE BONDS | 9,959,000.0000 | 9,050,938.38 | 1.26 | |
| BUZZFEED 7.00 9/30/2026 | 34H158 | CORPORATE BONDS | 9,400,000.0000 | 6,190,748.73 | .86 | |
| T/L GEMMACERT LTD 0% 05/19/24 | 34HG3G | LOAN | 871,435.9500 | 610,911.46 | .08 | |
| FXI HOLDINGS I 12.25% 11/15/26 | 35166FAA0 | CORPORATE BONDS | 4,649,000.0000 | 3,800,557.50 | .53 | |
| FREEPORT-MCMORAN I 5% 09/01/27 | 35671DCC7 | CORPORATE BONDS | 3,000,000.0000 | 2,905,843.83 | .40 | |
| FREEPORT-MCMOR 4.125% 03/01/28 | 35671DCE3 | CORPORATE BONDS | 2,700,000.0000 | 2,466,126.00 | .34 | |
| G-III APPAREL 7.875% 08/15/25 | 36237HAA9 | CORPORATE BONDS | 3,540,000.0000 | 3,429,375.00 | .48 | |
| GENERAL ELECTRIC CO V/R /PERP/ | 369604BQ5 | CORPORATE BONDS | 1,130,000.0000 | 1,096,100.00 | .15 | |
| GENERAL MOTORS FINL V/R /PERP/ | 37045XCA2 | CORPORATE BONDS | 960,000.0000 | 813,379.20 | .11 | |
| GENERAL MOTORS FINL V/R /PERP/ | 37045XDB9 | CORPORATE BONDS | 870,000.0000 | 752,550.00 | .10 | |
| GETTY IMAGES IN 9.75% 03/01/27 | 374276AJ2 | CORPORATE BONDS | 4,483,000.0000 | 4,426,962.50 | .62 | |
| GOLDMAN SACHS GROUP V/R /PERP/ | 38141GYU2 | CORPORATE BONDS | 115,000.0000 | 93,725.00 | .01 | |
| GOLDMAN SACHS GROUP V/R /PERP/ | 38148BAC2 | CORPORATE BONDS | 800,000.0000 | 766,000.00 | .11 | |
| GOLDMAN SACHS GROUP V/R /PERP/ | 38148BAE8 | CORPORATE BONDS | 959,000.0000 | 924,088.34 | .13 | |
| INNOVATE CORP 8.5% 02/01/26 | 404139AJ6 | CORPORATE BONDS | 10,223,000.0000 | 6,927,253.85 | .96 | |
| HAWAIIAN AIRLINE 3.9% 01/15/26 | 419838AA5 | CORPORATE BONDS | 7,869,010.1300 | 6,598,452.21 | .92 | |
| HERCULES ACHIEVEM V/R 12/22/24 | 42704WAA8 | CORPORATE BONDS | 1,062,000.0000 | 1,014,279.45 | .14 | |
| HUNTINGTON BANCSHAR V/R /PERP/ | 446150AT1 | CORPORATE BONDS | 840,000.0000 | 759,737.97 | .11 | |
| ILFC E-CAPITAL TR V/R 12/21/65 | 44965UAA2 | CORPORATE BONDS | 250,000.0000 | 170,625.00 | .02 | |
| ICAHN ENTERPRIS 4.75% 09/15/24 | 451102BW6 | CORPORATE BONDS | 377,000.0000 | 362,843.65 | .05 | |
| IEA ENERGY SER 6.625% 08/15/29 | 45174AAA0 | CORPORATE BONDS | 13,109,000.0000 | 12,164,171.05 | 1.69 | |
| STONEX GROUP I 8.625% 06/15/25 | 46116VAE5 | CORPORATE BONDS | 8,135,000.0000 | 8,246,856.25 | 1.15 | |
| JPMORGAN CHASE & CO V/R /PERP/ | 46625HJQ4 | CORPORATE BONDS | 720,000.0000 | 713,905.84 | .10 | |
| JPMORGAN CHASE & CO V/R /PERP/ | 48128BAF8 | CORPORATE BONDS | 1,215,000.0000 | 1,124,433.90 | .16 | |
| JPMORGAN CHASE & CO V/R /PERP/ | 48128BAN1 | CORPORATE BONDS | 905,000.0000 | 760,200.00 | .11 | |
| KEYCORP V/R /PERP/ | 493267AK4 | CORPORATE BONDS | 475,000.0000 | 415,478.63 | .06 | |
| LAND O'LAKES INC 7.25% /PERP/ | 514666AM8 | CORPORATE BONDS | 1,655,000.0000 | 1,527,910.43 | .21 | |
| LDPT 2021-A A 1% 05/15/23 | 52607FAA2 | ASSET BACKED | 23,606.6000 | 23,562.63 | .00 | |
| M&T BANK CORPORATIO V/R /PERP/ | 55261FAH7 | CORPORATE BONDS | 385,000.0000 | 335,431.25 | .05 | |
| M&T BANK CORPORATIO V/R /PERP/ | 55261FAN4 | CORPORATE BONDS | 170,000.0000 | 130,118.00 | .02 | |
| MPLX LP | 55336VAU4 | CORPORATE BONDS | 200,000.0000 | 197,636.00 | .03 | |
| MARKEL CORP V/R /PERP/ | 570535AW4 | CORPORATE BONDS | 1,170,000.0000 | 1,134,497.27 | .16 | |
| MRT MID PART/MRT 10% 02/29/24 | 573334AF6 | CORPORATE BONDS | 7,118,576.0000 | 7,100,779.56 | .99 | |
| MARTIN MIDSTRE 11.5% 2/28/25 | 573334AH2 | CORPORATE BONDS | 3,594,055.0000 | 3,576,084.73 | .50 | |
| MCKESSON CORP 3.95% 02/16/28 | 581557BJ3 | CORPORATE BONDS | -322,000.0000 | -304,825.78 | -.04 | |
| MERCURY CHILE HO 6.5% 01/24/27 | 58937CAA7 | CORPORATE BONDS | 1,000,000.0000 | 884,410.00 | .12 | |
| LEAFLY HOLDINGS IN 8% 01/31/25 | 58953MAA4 | CORPORATE BONDS | 7,109,000.0000 | 6,611,370.00 | .92 | |
| METLIFE INC V/R /PERP/ | 59156RBT4 | CORPORATE BONDS | 680,000.0000 | 628,165.18 | .09 | |
| MLANE 2021-A A 1.59% 07/15/23 | 60510MAA6 | ASSET BACKED | 567,000.0000 | 545,808.89 | .08 | |
| MLANE 2021-A B 2.24% 07/15/23 | 60510MAB4 | ASSET BACKED | 100,000.0000 | 96,249.29 | .01 | |
| 99 ESCROW ISSUER 7.5% 01/15/26 | 65442QAA9 | CORPORATE BONDS | 7,321,000.0000 | 4,293,327.24 | .60 | |
| NISOURCE INC V/R /PERP/ | 65473PAG0 | CORPORATE BONDS | 85,000.0000 | 79,050.00 | .01 | |
| PNC FINANCIAL SERVI V/R /PERP/ | 693475AQ8 | CORPORATE BONDS | 447,000.0000 | 386,380.49 | .05 | |
| PNC FINANCIAL SERVI V/R /PERP/ | 693475BC8 | CORPORATE BONDS | 220,000.0000 | 169,290.73 | .02 | |
| PNC FINANCIAL SERVI V/R /PERP/ | 693475BD6 | CORPORATE BONDS | 225,000.0000 | 211,500.00 | .03 | |
| PNC FINANCIAL SERVI V/R /PERP/ | 693475BF1 | CORPORATE BONDS | 375,000.0000 | 361,875.00 | .05 | |
| PARTNERRE FINANCE V/R 10/01/50 | 70213BAC5 | CORPORATE BONDS | 195,000.0000 | 161,850.00 | .02 | |
| PROSOMNUS HLDGS 9.0% 12/31/49 | 74349QAB3 | CORPORATE BONDS | 3,040,114.0000 | 2,660,099.75 | .37 | |
| PROVIDENT FINA 7.405% 03/15/38 | 743863AA0 | CORPORATE BONDS | 330,000.0000 | 342,375.00 | .05 | |
| PRUDENTIAL FINANC V/R 03/01/52 | 744320BJ0 | CORPORATE BONDS | 110,000.0000 | 94,039.61 | .01 | |
| REGIONS FINANCIAL C V/R /PERP/ | 7591EPAR1 | CORPORATE BONDS | 600,000.0000 | 581,598.92 | .08 | |
| SBL HOLDINGS INC V/R /PERP/ | 78397DAA6 | CORPORATE BONDS | 845,000.0000 | 693,129.92 | .10 | |
| SBL HOLDINGS INC V/R /PERP/ | 78397DAC2 | CORPORATE BONDS | 195,000.0000 | 148,200.00 | .02 | |
| SVB FINANCIAL GROUP V/R /PERP/ | 78486QAG6 | CORPORATE BONDS | 355,000.0000 | 202,139.15 | .03 | |
| SVB FINANCIAL GROUP V/R /PERP/ | 78486QAJ0 | CORPORATE BONDS | 240,000.0000 | 157,056.00 | .02 | |
| SVB FINANCIAL GROUP V/R /PERP/ | 78486QAQ4 | CORPORATE BONDS | 60,000.0000 | 38,970.00 | .01 | |
| SASOL FINANCIN 4.375% 09/18/26 | 80386WAC9 | CORPORATE BONDS | 1,550,000.0000 | 1,406,625.00 | .20 | |
| CHARLES SCHWAB CORP V/R /PERP/ | 808513BD6 | CORPORATE BONDS | 620,000.0000 | 609,398.00 | .08 | |
| CHARLES SCHWAB CORP V/R /PERP/ | 808513BK0 | CORPORATE BONDS | 210,000.0000 | 178,500.00 | .02 | |
| SEMPRA ENERGY V/R /PERP/ | 816851BK4 | CORPORATE BONDS | 290,000.0000 | 268,975.00 | .04 | |
| SEMPRA ENERGY V/R 04/01/52 | 816851BM0 | CORPORATE BONDS | 230,000.0000 | 178,847.23 | .02 | |
| SOUTHERN CO V/R 01/15/51 | 842587DF1 | CORPORATE BONDS | 160,000.0000 | 141,053.96 | .02 | |
| STORCENTRIC IN 5.875% 02/19/23 | 86213DAA1 | CORPORATE BONDS | 1,156,000.0000 | 1,156,000.00 | .16 | |
| TALEN ENERGY SU 7.25% 05/15/27 | 87422VAF5 | CORPORATE BONDS | 2,650,000.0000 | 2,724,221.60 | .38 | |
| TALEN ENERGY S 6.625% 01/15/28 | 87422VAG3 | CORPORATE BONDS | 1,686,000.0000 | 1,707,075.00 | .24 | |
| TALEN ENERGY S 7.625% 06/01/28 | 87422VAJ7 | CORPORATE BONDS | 6,583,000.0000 | 6,780,818.89 | .94 | |
| TRUIST FINANCIAL CO V/R /PERP/ | 89832QAD1 | CORPORATE BONDS | 580,000.0000 | 526,489.20 | .07 | |
| TRUIST FINANCIAL CO V/R /PERP/ | 89832QAF6 | CORPORATE BONDS | 1,260,000.0000 | 1,128,960.00 | .16 | |
| UNITED NATURAL 6.75% 10/15/28 | 911163AA1 | CORPORATE BONDS | 250,000.0000 | 242,500.00 | .03 | |
| UPHEALTH INC 6.25% 06/15/26 | 91532BAA9 | CORPORATE BONDS | 8,201,000.0000 | 2,439,797.50 | .34 | |
| PARAMOUNT GLOBAL V/R 03/30/62 | 92556HAE7 | CORPORATE BONDS | 180,000.0000 | 148,865.08 | .02 | |
| VISTRA CORP V/R /PERP/ | 92840MAB8 | CORPORATE BONDS | 120,000.0000 | 113,979.76 | .02 | |
| VISTRA CORP V/R /PERP/ | 92840MAC6 | CORPORATE BONDS | 205,000.0000 | 183,356.85 | .03 | |
| VOYA FINANCIAL INC V/R /PERP/ | 929089AG5 | CORPORATE BONDS | 540,000.0000 | 523,294.35 | .07 | |
| WELLS FARGO & COMPA V/R /PERP/ | 949746RG8 | CORPORATE BONDS | 570,000.0000 | 522,975.00 | .07 | |
| WELLS FARGO & COMPA V/R /PERP/ | 949746RN3 | CORPORATE BONDS | 1,000,000.0000 | 978,900.00 | .14 | |
| WELLS FARGO & COMPA V/R /PERP/ | 949746TD3 | CORPORATE BONDS | 1,145,000.0000 | 997,581.25 | .14 | |
| MERCURY CHILE HO 6.5% 01/24/27 | BM8B105 | CORPORATE BONDS | 700,000.0000 | 619,087.00 | .09 | |
| PERIAMA HOLDING 5.95% 04/19/26 | BM95XL1 | CORPORATE BONDS | 2,700,000.0000 | 2,493,504.00 | .35 | |
| T/L INTERNATIONAL 0% 05/1/24 | LX172777 | LOAN | 1,922,399.2900 | 1,332,857.10 | .19 | |
| T/L RA ACQUISITI 0% 05/31/23 | LX174026 | LOAN | 2,044,105.8800 | 2,044,105.88 | .28 | |
| T/L FOGO DE CHAO I 0% 04/07/25 | LX176283 | LOAN | 1,707,000.0000 | 1,595,515.83 | .22 | |
| T/L GETTY IMAGES 0% 02/19/2026 | LX178592 | LOAN | 3,623,880.8400 | 3,594,889.79 | .50 | |
| T/L MONITRONICS 0% 04/29/24 | LX182627 | LOAN | 3,242,287.1800 | 2,129,112.72 | .30 | |
| T/L FIRST BRANDS 0% 3/30/2028 | LX193457 | LOAN | 6,606,639.0000 | 5,912,941.91 | .82 | |
| T/L WEST MARINE 0% 06/01/2029 | LX195023 | LOAN | 5,314,000.0000 | 3,440,815.00 | .48 | |
| T/L CENGAGE 0% 07/14/2026 | LX195798 | LOAN | 2,992,443.3200 | 2,742,574.30 | .38 | |
| T/L QUARTERNORTH 0% 8/27/2026 | LX197535 | LOAN | 1,117,000.0000 | 1,109,549.61 | .15 | |
| T/L MOUNTAIN 0% 10/26/28 | LX198691 | LOAN | 7,030,725.0000 | 5,624,580.00 | .78 | |
| T/L INOTIV INC. 0% 11/05/26 | LX200619 | LOAN | 6,031,422.5000 | 5,770,080.96 | .80 | |
| T/L CROCS INC. 0% 02/20/2029 | LX202214 | LOAN | 3,906,506.7400 | 3,764,895.87 | .52 | |
| T/L INOTIV INC. 0% 11/05/26 | LX202439 | LOAN | 2,142,000.0000 | 2,049,187.14 | .28 | |
| GOLD FIELDS OR 5.125% 05/15/24 | BFY97K6 | CORPORATE BONDS | 200,000.0000 | 198,565.02 | .03 | |
| P/O SPY OPTION DEC 380.000 | SPY221216P00380000 | 00R9922T4 | OPTIONS | -132.0000 | -12,540.00 | -.00 |
| P/O DIEBOLD NIXDOR DEC 2.500 | DBD221216P00002500 | 0149914J9 | OPTIONS | -323.0000 | -14,535.00 | -.00 |
| P/O ISHARES IBOXX DEC 70.000 | HYG221216P00070000 | 0IT999CV2 | OPTIONS | -332.0000 | -1,992.00 | -.00 |
| C/O ISHARES IBOXX DEC 75.000 | HYG221216C00075000 | 0IV993CP5 | OPTIONS | -331.0000 | -32,769.00 | -.00 |
| P/O ISHARES IBOXX DEC 73.000 | HYG221216P00073000 | 1669960Y5 | OPTIONS | -664.0000 | -15,272.00 | -.00 |
| C/O DIEBOLD NIXDOR DEC 2.500 | DBD221216C00002500 | 7QZ996R73 | OPTIONS | 323.0000 | 1,938.00 | .00 |
| CONSTELLATION 0% 12/09/22 | 21037DM92 | SHORT TERMS | 6,480,000.0000 | 6,472,698.98 | .90 | |
| DOVER CORPORAT DISC 01/05/23 | 26000MN51 | SHORT TERMS | 7,709,000.0000 | 7,674,309.50 | 1.07 | |
| GNRL MTRS FINC DISC 01/10/23 | 37046UNA5 | SHORT TERMS | 6,293,000.0000 | 6,258,455.21 | .87 | |
| HUMANA INC DISC 12/12/22 | 44486JMC0 | SHORT TERMS | 6,523,000.0000 | 6,513,815.62 | .91 | |
| ITT INC DISC 01/11/23 | 46575BNB5 | SHORT TERMS | 6,725,000.0000 | 6,689,223.00 | .93 | |
| ORACLE CORPORA DISC 01/13/23 | 6840C3ND1 | SHORT TERMS | 6,923,000.0000 | 6,886,119.79 | .96 | |
| PARKER-HANNIFI DISC 12/19/22 | 70109MMK7 | SHORT TERMS | 6,369,000.0000 | 6,355,184.37 | .88 | |
| ROGERS COMMUNI DISC 12/16/22 | 77511MMG3 | SHORT TERMS | 6,725,000.0000 | 6,712,291.10 | .93 | |
| GBP/USD FWD 20221215 000000010 USD | GBP | 1296003532 | FORWARD | -1,152,000.0000 | -1,389,371.31 | -.19 |
| EUR/USD FWD 20221215 000000010 USD | EUR | 1295966632 | FORWARD | -15,994,000.0000 | -16,666,215.12 | -2.32 |
| NOK/USD FWD 20221215 000000010 USD | NOK | 1296004113 | FORWARD | -47,328,000.0000 | -4,809,443.78 | -.67 |
| SEK/USD FWD 20221215 000000010 USD | SEK | 1296004115 | FORWARD | -12,035,000.0000 | -1,147,445.45 | -.16 |
| USD/EUR FWD 20221215 000000010 USD | USD | 1295966632 | FORWARD | 16,282,691.7000 | 16,282,691.70 | 2.26 |
| USD/GBP FWD 20221215 000000010 USD | USD | 1296003532 | FORWARD | 1,343,924.3500 | 1,343,924.35 | .19 |
| USD/NOK FWD 20221215 000000010 USD | USD | 1296004113 | FORWARD | 4,673,875.5200 | 4,673,875.52 | .65 |
| USD/SEK FWD 20221215 000000010 USD | USD | 1296004115 | FORWARD | 1,133,130.9800 | 1,133,130.98 | .16 |
As of 11/30/2022.
Distributions
| Fund Name | Fund Cusip | Distribution Type | Amount per Share | Ex Date | Reinvest Date | Reinvest Price | |
|---|---|---|---|---|---|---|---|
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.033124 | 11/29/2022 | 11/29/2022 | $9.03 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.033392 | 10/27/2022 | 10/27/2022 | $8.97 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.034291 | 9/29/2022 | 9/29/2022 | $9.03 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.034921 | 8/29/2022 | 8/29/2022 | $9.28 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.034459 | 7/28/2022 | 7/28/2022 | $9.29 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.031228 | 6/29/2022 | 6/29/2022 | $9.26 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.02987 | 5/26/2022 | 5/26/2022 | $9.47 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.037537 | 4/28/2022 | 4/28/2022 | $9.56 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.025253 | 3/30/2022 | 3/30/2022 | $9.69 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.152379 | 12/29/2021 | 12/29/2021 | $9.87 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.025761 | 11/29/2021 | 11/29/2021 | $9.98 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.033421 | 10/28/2021 | 10/28/2021 | $10.00 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.038329 | 9/29/2021 | 9/29/2021 | $10.02 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.027823 | 8/30/2021 | 8/30/2021 | $10.01 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.024233 | 7/29/2021 | 7/29/2021 | $10.02 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.026043 | 6/29/2021 | 6/29/2021 | $10.04 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.021669 | 5/27/2021 | 5/27/2021 | $10.04 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.031115 | 4/29/2021 | 4/29/2021 | $10.03 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.031512 | 3/30/2021 | 3/30/2021 | $10.02 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.024422 | 2/25/2021 | 2/25/2021 | $10.01 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.005274 | 1/28/2021 | 1/28/2021 | $9.92 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.053446 | 12/29/2020 | 12/29/2020 | $9.78 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.037517 | 11/25/2020 | 11/25/2020 | $9.68 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.031731 | 10/29/2020 | 10/29/2020 | $9.54 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.030407 | 9/29/2020 | 9/29/2020 | $9.58 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.03533 | 8/28/2020 | 8/28/2020 | $9.61 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.033791 | 7/30/2020 | 7/30/2020 | $9.54 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.0428 | 6/29/2020 | 6/29/2020 | $9.45 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.036388 | 5/28/2020 | 5/28/2020 | $9.28 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.036022 | 4/29/2020 | 4/29/2020 | $9.11 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.030135 | 3/30/2020 | 3/30/2020 | $8.88 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.036553 | 2/27/2020 | 2/27/2020 | $9.87 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.009659 | 1/30/2020 | 1/30/2020 | $9.93 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.053307 | 12/27/2019 | 12/27/2019 | $9.88 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.031546 | 11/26/2019 | 11/26/2019 | $9.86 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.03221 | 10/30/2019 | 10/30/2019 | $9.89 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.031609 | 9/26/2019 | 9/26/2019 | $9.89 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.033619 | 8/29/2019 | 8/29/2019 | $9.91 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.033985 | 7/30/2019 | 7/30/2019 | $9.94 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.032935 | 6/27/2019 | 6/27/2019 | $9.94 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.03483 | 5/30/2019 | 5/30/2019 | $9.88 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.03396 | 4/29/2019 | 4/29/2019 | $9.90 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.031697 | 3/28/2019 | 3/28/2019 | $9.86 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.032361 | 2/27/2019 | 2/27/2019 | $9.80 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.032255 | 1/30/2019 | 1/30/2019 | $9.78 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.034952 | 12/27/2018 | 12/27/2018 | $9.64 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.031595 | 11/29/2018 | 11/29/2018 | $9.73 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.032246 | 10/30/2018 | 10/30/2018 | $9.81 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.028701 | 9/27/2018 | 9/27/2018 | $9.88 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.030826 | 8/30/2018 | 8/30/2018 | $9.89 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.027209 | 7/30/2018 | 7/30/2018 | $9.89 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.031041 | 6/28/2018 | 6/28/2018 | $9.87 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.032159 | 5/30/2018 | 5/30/2018 | $9.89 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.032271 | 4/27/2018 | 4/27/2018 | $9.93 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.028055 | 3/28/2018 | 3/28/2018 | $9.94 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.029096 | 2/27/2018 | 2/27/2018 | $9.98 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.028428 | 1/30/2018 | 1/30/2018 | $10.04 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.0326 | 12/28/2017 | 12/28/2017 | $10.06 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Short-Term Capital Gains | 0.006355 | 12/15/2017 | 12/15/2017 | $10.08 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.032793 | 11/29/2017 | 11/29/2017 | $10.08 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.030892 | 10/30/2017 | 10/30/2017 | $10.13 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.032901 | 9/28/2017 | 9/28/2017 | $10.14 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.030927 | 8/30/2017 | 8/30/2017 | $10.14 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.030234 | 7/27/2017 | 7/27/2017 | $10.14 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.043367 | 6/29/2017 | 6/29/2017 | $10.13 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R806 | Dividend | 0.055388 | 5/30/2017 | 5/30/2017 | $10.14 |
Fees and expenses
| Type | Amount |
|---|---|
| Management Fees | 0.85% |
| Distribution and Service (12b-1) Fees | None |
| Other Expenses | 0.34% |
| AFFE | None |
| Total Annual Fund Operating Expenses | 1.19% |
| Fee waivers and expense reimbursements | (0.11%) |
| Total Annual Fund Operating Expenses Less Fee Waivers and Expense Reimbursements | 1.08%* |
Overview
The Destinations Global Fixed Income Opportunities Fund seeks to maximize total return and invests in global investment grade credit, global high yield credit, global sovereign debt, bank loans, preferred securities and convertible securities.
Employing a multi-manager approach, the Fund currently allocates assets among the following sub-advisers:
- CrossingBridge Advisors, LLC is the sub-adviser of CrossingBridge Corporate Credit which employs an opportunistic approach, allocating to high yield and investment grade credit opportunities.
- DoubleLine Capital LP is the sub-adviser of DoubleLine Low Duration Emerging Markets which employs a value-oriented, research driven approach to identify countries and companies with the potential for improving credit fundamentals and ratings.
- Nuveen Asset Management, LLC is the sub-adviser of Nuveen Preferred Securities Opportunities which employs a top-down quantitative driven process complemented by fundamental credit research analysis with a focus on relative value, resulting in a concentrated portfolio of preferred securities.
| Z Share Fund performance as of 9/30/2022 | ||||||||||||||
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| Destinations Global Fixed Income Opportunities Fund |
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| ICE BofA US High Yield Index |
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ICE BofA US High Yield Index: Tracks the performance of US dollar denominated below investment grade rated corporate debt publicly issued in the US domestic market.
An investment in the Destinations Global Fixed Income Opportunities Fund is subject to risk, including the possible loss of principal amount invested.
Derivatives, such as futures, involve risks different from, or possibly greater than, risks associated with investing directly in securities and other traditional investments. Specific risk issues include tax issues, increased potential for losses and/or costs to the Fund, and a potential reduction in gains to the Fund.
The prices of the Fund’s fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments and their agencies. Generally, the Fund’s fixed income securities will decrease in value if interest rates rise and vice versa. In a low interest rate environment, risks associated with rising rates are heightened.
Foreign securities subject the Fund to the risks associated with investing in the particular country of an issuer, including the political, regulatory, economic, social, diplomatic and other conditions or events, as well as risks associated with less developed custody and settlement practices. Foreign securities may be more volatile and less liquid than securities of U.S. companies.
Risks of foreign investment tend to be greater in emerging markets, which tend to be more likely to experience political turmoil or rapid change to market or economic conditions.
The risk that debt instruments quality are predominantly speculative. Known as ‘junk bonds,’ these have a higher degree of default risk and may be less liquid than higher-rated bonds, may be subject to greater price volatility.
Liquidity risk refers to the possibility that securities cannot be readily sold within seven days at approximately the price at which the Fund has valued them.
With securities lending risk, the Fund may lose money from securities lending if, for example, it is delayed in or prevented from selling the collateral after the loan is made or recovering the securities loaned or if it incurs losses on the reinvestment of cash collateral.
Fund facts
- Ticker: DGFZX
- CUSIP: 10964R798
- Benchmark: ICE BofA US High Yield Index
- Inception date: 07/16/2018
- Gross expense ratio: 1.04%
- Net expense ratio: 0.93%*
Management team
- Brian Storey CFA, Head of Discretionary Portfolios, Brinker Capital Investments
Brian Storey is a senior portfolio manager at Brinker Capital Investments, a brand entity of Orion Advisor Solutions. In this role, he has portfolio management responsibilities for Brinker Capital’s Destinations program. Brian is involved in all aspects of the investment process for these multi-asset class portfolio solutions, including asset allocation, portfolio construction, manager research, and due diligence.
Prior to joining Brinker Capital, Brian was a Senior Portfolio Manager at First Citizens Bank where he oversaw portfolio construction for the globally-diversified investment strategies utilized by the firm’s private wealth and institutional clients. Previously, he served in various leadership and operational roles during his five years as an officer in the U.S. Coast Guard.
Brian graduated from the United States Coast Guard Academy with a Bachelor of Science in management and earned his Master of Business Administration from Duke University’s Fuqua School of Business where he graduated as a Fuqua scholar. Brian is a CFA® charterholder and holds the FINRA Series 65 designation. He is a member of the CFA® Institute and the CFA® Society North Carolina.
- Grant Engelbart CFA, CAIA, Senior Portfolio Manager, Brinker Capital Investments
Grant Engelbart is a senior portfolio manager at Brinker Capital Investments, a brand entity of Orion Advisor Solutions. In this role, he manages several ETF and mutual fund separate account strategies. He serves on several committees across Brinker Capital’s parent company, Orion Advisor Solutions. Grant first joined Orion in 2007 and returned to the company in 2009. He held several roles in trading and investment research before accepting the role of portfolio manager in 2013.
Prior to joining Brinker Capital Investments, Grant held positions at CLS Investments (which has since rebranded to Brinker Capital Investments), TD Ameritrade, and State Street Corporation. Grant received his Bachelor of Science in finance from the University of Nebraska at Lincoln. He is a CFA® charterholder, holds the Chartered Alternative Investment Analyst (CAIA) designation, and FINRA Series 65 license. He is a member of the CFA® Society of Nebraska and the CAIA Chicago chapter. In 2018, Grant was named one of the Top Ten Money Managers to Watch by Money Management Executive.
- Michael Hadden CFA, Portfolio Manager, Brinker Capital Investments
Michael Hadden is a portfolio manager at Brinker Capital Investments, a brand entity of Orion Advisor Solutions. In this role, he co-manages a variety of ETF and mutual fund asset allocation strategies, spending considerable time researching the ETF universe while closely monitoring the security selection within portfolios. Previously, he served as an investment analyst and associate portfolio manager for CLS Investments.
Michael joined CLS in 2017. He graduated with honors and high distinction from the University of Nebraska at Lincoln with a Bachelor of Science degree in finance and accounting. He is a CFA® charterholder and holds the FINRA Series 65 license. Michael is a member of the CFA® Society of Nebraska.
Performance
| Z Share Fund performance as of 9/30/2022 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Annualized | ||||||||||||||||||||
| MTD | QTD | YTD | 1 Year | 3 Years | 5 Years | Since Inception | Inception Date | Gross expense ratio | Net expense ratio* | |||||||||||
| Destinations Global Fixed Income Opportunities Fund |
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| ICE BofA US High Yield Index |
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ICE BofA US High Yield Index: Tracks the performance of US dollar denominated below investment grade rated corporate debt publicly issued in the US domestic market.
Holdings
| Security Description | Ticker Symbol | Security ID | Security Type Description | Quantity | Base Market Value | Percent TNA |
|---|---|---|---|---|---|---|
| EURO | CASHEUR | CURRENCY | -525,042.8100 | -546,517.04 | -.08 | |
| US DOLLARS | CASHUSD | CURRENCY | 39,910,283.3300 | 39,910,283.33 | 5.55 | |
| WT PUR COM WT EX 31/12/2049 | 33851L | WARRANTS | 502,803.0000 | .00 | .00 | |
| MCDERMOTT WT EX 12/31/2049 | 33851P | WARRANTS | 558,670.0000 | .00 | .00 | |
| ASPEN INSURANCE HOLDINGS LTD PFD SHS 5.95 | AHL PRC | G05384154 | PREFERRED STOCK | 6,550.0000 | 151,632.50 | .02 |
| OAS FINANCE LTD WT EX 01/21/39 | P7331H100 | WARRANTS | 58,463.0000 | .00 | .00 | |
| FRONTERA ENERGY CORP | FECCF | 35905B107 | COMMON STOCK | 16,441.0000 | 132,103.44 | .02 |
| FINANCIALS ACQUISITIO-DI /GBP/ | BPSPGW5 | COMMON STOCK | 115,026.0000 | 1,386,638.42 | .19 | |
| FINANCIALS ACQUISITION CORP WRT 04/04/27 /GBP/ | BPSPHR7 | WARRANTS | 57,514.0000 | 2,773.33 | .00 | |
| AHREN ACQUISITION CO-CLASS A | BMC7HC3 | COMMON STOCK | 51,917.0000 | 529,034.23 | .07 | |
| PEARL HOLDINGS ACQUISITION-A | BMCM052 | COMMON STOCK | 22,071.0000 | 224,241.36 | .03 | |
| G SQUARED ASCEND II INC -A | BMZ36Y3 | COMMON STOCK | 30,710.0000 | 309,249.70 | .04 | |
| EVE MOBILITY ACQUISITION C-A | BNHS2D4 | COMMON STOCK | 33,580.0000 | 341,844.40 | .05 | |
| GLOBAL PARTNER ACQUISITION-A | BNQNWX0 | COMMON STOCK | 33,614.0000 | 338,324.91 | .05 | |
| PERIDOT ACQUISITION CORP-A | PDOT | BNSNZN9 | COMMON STOCK | 45,730.0000 | 458,214.60 | .06 |
| AP ACQUISITION CORP-A | BNT86S5 | COMMON STOCK | 31,074.0000 | 319,596.09 | .04 | |
| TRINE II ACQUISITION CORP -A | TRAQ | BNYL894 | COMMON STOCK | 27,856.0000 | 284,409.76 | .04 |
| ENTERPRISE 4.0 TECHNOLOGY AC | ENTF | G3137C106 | COMMON STOCK | 23,389.0000 | 239,269.47 | .03 |
| NOBLE ROCK ACQUISITION COR-A | NRAC | G6546R101 | COMMON STOCK | 17,046.0000 | 171,312.30 | .02 |
| PONTEM CORP-CLASS A | PNTM | G71707106 | COMMON STOCK | 53,736.0000 | 539,509.44 | .08 |
| TARGET GLOBAL ACQUISITION I | TGAA | G8675N109 | COMMON STOCK | 47,982.0000 | 488,456.76 | .07 |
| GEMMACERT LTD WRT 05/19/26 | 34HPK7 | WARRANTS | 41,956.0000 | .00 | .00 | |
| AT&T INC /PFD/ | T PRC | 00206R706 | PREFERRED STOCK | 5,450.0000 | 100,334.50 | .01 |
| AGRIBANK FCB | AGRIP | 00850L203 | PREFERRED STOCK | 4,850.0000 | 484,951.50 | .07 |
| AIR LEASE CORP /PFD/ | AL PRA | 00912X500 | PREFERRED STOCK | 9,819.0000 | 233,692.20 | .03 |
| ALPINE INCOME PROPERTY TRUST | PINE | 02083X103 | REIT - Real Estate Invesment Trust | 26,929.0000 | 512,189.58 | .07 |
| AMERICAN EQUITY INVESTME /PFD/ | AEL PRA | 025676503 | PREFERRED STOCK | 5,310.0000 | 115,333.20 | .02 |
| AMERICAN EQUITY INVESTME /PFD/ | AEL PRB | 025676602 | PREFERRED STOCK | 46,430.0000 | 1,113,855.70 | .15 |
| ANZU SPECIAL ACQUISITION -A | 03737A101 | COMMON STOCK | 42,449.0000 | 424,065.51 | .06 | |
| ARGO BLOCKCHAIN PLC /PFD/ | ARBKL | 040126203 | PREFERRED STOCK | 113,720.0000 | 227,440.00 | .03 |
| ATHENE HOLDING LTD /PFD/ | ATH PRC | 04686J309 | PREFERRED STOCK | 10,479.0000 | 262,918.11 | .04 |
| BIOTE CORP -A | BTMD | 090683103 | COMMON STOCK | 79,966.0000 | 329,459.92 | .05 |
| BITE ACQUISITION CORP | BITE | 09175K105 | COMMON STOCK | 28,992.0000 | 289,963.49 | .04 |
| BRIGHT LIGHTS ACQUISITI-CL A | BLTS | 10920K101 | COMMON STOCK | 182,409.0000 | 1,833,210.45 | .25 |
| CARNEY TECHNOLOGY ACQU- CL A | 143636108 | COMMON STOCK | 341,248.0000 | 3,429,542.40 | .48 | |
| CLARIM ACQUISITION CORP-CL A | 18049C108 | COMMON STOCK | 76,912.0000 | 773,734.72 | .11 | |
| COBANK ACB /PFD/ | CKNQP | 19075Q862 | PREFERRED STOCK | 2,850.0000 | 279,300.00 | .04 |
| DHB CAPITAL CORP-CL A | 23291W109 | COMMON STOCK | 7,769.0000 | 78,233.83 | .01 | |
| DHB CAP CORP WT EX 03/15/26 | 23291W117 | WARRANTS | 2,589.0000 | 1.55 | .00 | |
| DAIRY FARMERS OF AMERICA /PFD/ | 23385H406 | PREFERRED STOCK | 1,000.0000 | 96,500.00 | .01 | |
| DIEBOLD NIXDORF INC | DBD | 253651103 | COMMON STOCK | 63,400.0000 | 136,310.00 | .02 |
| DIEBOLD NIXDORF INC | DBD | 253651103 | COMMON STOCK | -128,000.0000 | -275,200.00 | -.04 |
| ENERGY TRANSFER L P /PFD/ | ET PRE | 29273V605 | PREFERRED STOCK | 2,600.0000 | 59,904.00 | .01 |
| ENERGY HARBOR CORP | ENGH | 29279N102 | COMMON STOCK | 352.0000 | 27,925.22 | .00 |
| ENSTAR GROUP LTD /PFD/ | ESGRP | 29359U109 | PREFERRED STOCK | 20,038.0000 | 463,679.32 | .06 |
| FARM CREDIT BK OF TEXAS /PFD/ | FCTXZ | 30767E406 | PREFERRED STOCK | 11,970.0000 | 1,188,022.50 | .17 |
| FIFTH THIRD BANCORP PFD | FITBI | 316773605 | PREFERRED STOCK | 9,075.0000 | 232,864.50 | .03 |
| RA PARENT INC /RESTRICTED/ | 33TG3R | COMMON STOCK | 47.0400 | 3,057,600.00 | .43 | |
| FOSSIL GROUP INC /PFD/ | FOSLL | 34988V304 | PREFERRED STOCK | 238,195.0000 | 3,999,294.05 | .56 |
| AXON INFRASTRUCTURE ACQ | 34JWX5 | COMMON STOCK | 7,000.0000 | 424.20 | .00 | |
| BERENSON ACQUISITION CORP I | 34KRVP | OTHER EQUITY | 22,982.0000 | 1,507.62 | .00 | |
| PARABELLUM ACQUISITION CORP | 34KRZ6 | OTHER EQUITY | 35,964.0000 | 719.28 | .00 | |
| REVELSTONE CAPITAL ACQUISITI | 34MJXD | OTHER EQUITY | 10,650.0000 | 532.50 | .00 | |
| ALPHA PARTNERS TECHNOLOGY CL A | 34MKQ9 | COMMON STOCK | 15,560.0000 | 886.92 | .00 | |
| QUARTERNORTH ENERGY INC. | 34NWP4 | COMMON STOCK | 3,179.0000 | 429,165.00 | .06 | |
| BIOTE CORP | 34P0HM | COMMON STOCK | 333,305.0000 | 1,373,216.60 | .19 | |
| GARRETT MOTION INC /PFD/ | GTXAP | 366505204 | PREFERRED STOCK | 19,718.0000 | 164,842.48 | .02 |
| GOLDEN FALCON ACQUISITI-CL A | 38102H109 | COMMON STOCK | 86,133.0000 | 864,775.32 | .12 | |
| GOLDMAN SACHS GROUP INC /PFD/ | GS PRJ | 38145G308 | PREFERRED STOCK | 15,000.0000 | 369,300.00 | .05 |
| KEYCORP /PREFERRED/ | KEY PRI | 493267702 | PREFERRED STOCK | 16,085.0000 | 399,390.55 | .06 |
| KEYCORP /PFD/ | KEY PRL | 493267843 | PREFERRED STOCK | 16,000.0000 | 396,960.00 | .06 |
| KORE GROUP HOLDINGS INC | KORE | 50066V107 | COMMON STOCK | 61,669.0000 | 146,772.22 | .02 |
| LEAFLY HLDGS WT EX 01/17/2027 | 52178J113 | WARRANTS | 36,249.0000 | 2,193.06 | .00 | |
| MARKETWISE INC | MKTW | 57064P107 | COMMON STOCK | 3,221.0000 | 6,119.90 | .00 |
| MASON INDUSTRIAL TECHN-CL A | MIT | 57520Y106 | COMMON STOCK | 534,907.0000 | 5,322,324.65 | .74 |
| MONITRONICS INTERNATIONAL IN | 609453105 | COMMON STOCK | 369,000.0000 | 92,250.00 | .01 | |
| MORGAN STANLEY /PFD/ | MS PRI | 61761J406 | PREFERRED STOCK | 30,000.0000 | 748,200.00 | .10 |
| MORGAN STANLEY /PFD/ | MS PRK | 61762V606 | PREFERRED STOCK | 41,080.0000 | 978,114.80 | .14 |
| MORGAN STANLEY /PFD/ | MSSXL | 61762V853 | PREFERRED STOCK | 15,410.0000 | 388,948.40 | .05 |
| NY COMMUNITY BANCORP INC PREF | NYCB PRA | 649445202 | PREFERRED STOCK | 15,933.0000 | 382,392.00 | .05 |
| NISOURCE INC /PFD/ | NI PRB | 65473P881 | PREFERRED STOCK | 3,300.0000 | 80,916.00 | .01 |
| NUSTAR ENERGY LP SER B /PFD/ | NS PRB | 67058H300 | PREFERRED STOCK | 35,146.0000 | 753,530.24 | .10 |
| NUSTAR LOGISTICS LP /PFD/ | NSS | 67059T204 | PREFERRED STOCK | 5,391.0000 | 135,529.74 | .02 |
| OMNILIT ACQUISITION CORP-A | 68218C108 | COMMON STOCK | 13,529.0000 | 138,401.67 | .02 | |
| ONE EQUITY PARTNERS OPEN-A | 68237L105 | COMMON STOCK | 50,040.0000 | 506,905.20 | .07 | |
| REGIONS FINANCIAL CORP | RF PRC | 7591EP704 | PREFERRED STOCK | 35,000.0000 | 809,900.00 | .11 |
| REINSURANCE GRP V/R 6/15/56 | RZB | 759351802 | PREFERRED STOCK | 15,000.0000 | 379,650.00 | .05 |
| REINSURANCE GRP OF AMER /PFD/ | RZC | 759351885 | PREFERRED STOCK | 7,100.0000 | 186,162.00 | .03 |
| SPDR S&P 500 ETF TRUST | SPY | 78462F103 | POOLED INVESTMENTS | -13,200.0000 | -5,381,376.00 | -.75 |
| SARATOGA INVESTMENT CORP /PFD/ | SAT | 80349A802 | PREFERRED STOCK | 43,522.0000 | 1,001,006.00 | .14 |
| SYNOVUS FINANCIAL CORP /PFD/ | SNV PRE | 87161C709 | PREFERRED STOCK | 7,928.0000 | 191,064.80 | .03 |
| SYNCHRONY FINANCIAL /PFD/ | SYF PRA | 87165B202 | PREFERRED STOCK | 6,165.0000 | 114,360.75 | .02 |
| TECH AND ENERGY TRANSITION-A | 87823R102 | COMMON STOCK | 29,073.0000 | 289,276.35 | .04 | |
| VERIZON COMMUNICATIONS INC | VZ | 92343V104 | COMMON STOCK | 16,600.0000 | 647,068.00 | .09 |
| VOYA FINANCIAL INC /PFD/ | VOYA PRB | 929089209 | PREFERRED STOCK | 18,075.0000 | 396,204.00 | .06 |
| WESTERN ALLIANCE BANCORP /PFD/ | WAL PRA | 957638406 | PREFERRED STOCK | 7,160.0000 | 153,224.00 | .02 |
| WILLIAMS ROWLAND ACQUISITION | WRAC | 96951B102 | COMMON STOCK | 206,518.0000 | 2,110,613.96 | .29 |
| WINTRUST FINANCIAL CORP /PFD/ | WTFCP | 97650W504 | PREFERRED STOCK | 12,256.0000 | 308,851.20 | .04 |
| ASPEN INSURANCE HLDG LTD /PFD/ | AHL PRD | G05384162 | PREFERRED STOCK | 36,946.0000 | 735,225.40 | .10 |
| ATHENE HOLDING LTD /PFD/ | ATH PRA | G0684D305 | PREFERRED STOCK | 22,000.0000 | 541,640.00 | .08 |
| INFRABUILD AUSTRA 12% 10/01/24 | 45682RAA8 | CORPORATE BONDS | 4,679,000.0000 | 4,538,630.00 | .63 | |
| QBE INSURANCE GRO V/R 12/02/44 | BSSWBW2 | CORPORATE BONDS | 950,000.0000 | 902,647.23 | .13 | |
| DIGICEL GROUP HOLD 8% 04/01/25 | 25381YAB7 | CORPORATE BONDS | 391,135.0000 | 118,105.18 | .02 | |
| DIGICEL GROUP HOLDIN 7% /PERP/ | 25381YAC5 | CORPORATE BONDS | 62,817.0000 | 5,653.53 | .00 | |
| INKIA ENERGY L 5.875% 11/09/27 | BDG1353 | CORPORATE BONDS | 1,985,000.0000 | 1,870,862.50 | .26 | |
| CREDICORP LTD 2.75% 06/17/25 | BMTR5V1 | CORPORATE BONDS | 200,000.0000 | 186,466.93 | .03 | |
| GOLAR LNG LTD 7% 10/20/25 | G4023LAB7 | CORPORATE BONDS | 9,465,000.0000 | 8,897,100.00 | 1.24 | |
| BANCO DO BRASIL 3.25% 09/30/26 | 059578AF1 | CORPORATE BONDS | 2,100,000.0000 | 1,901,310.94 | .26 | |
| FED REPUBLIC O 2.875% 06/06/25 | 105756CD0 | GOVERNMENT BONDS | 4,800,000.0000 | 4,521,695.71 | .63 | |
| ITAU UNIBANCO HLD V/R 04/15/31 | 46556M2A9 | CORPORATE BONDS | 5,550,000.0000 | 4,960,312.50 | .69 | |
| ALGONQUIN PWR & U V/R 01/18/82 | 015857AH8 | CORPORATE BONDS | 165,000.0000 | 135,300.00 | .02 | |
| COLUMBIA CARE IN 9.5% 02/03/26 | 197309AP2 | CORPORATE BONDS | 10,024,000.0000 | 9,873,640.00 | 1.37 | |
| EMERA INC V/R 06/15/76 | 290876AD3 | CORPORATE BONDS | 1,045,000.0000 | 988,831.25 | .14 | |
| ENBRIDGE INC V/R 07/15/77 | 29250NAS4 | CORPORATE BONDS | 650,000.0000 | 569,988.13 | .08 | |
| ENBRIDGE INC V/R 07/15/80 | 29250NBC8 | CORPORATE BONDS | 735,000.0000 | 653,576.99 | .09 | |
| ENBRIDGE INC V/R 01/15/83 | 29250NBP9 | CORPORATE BONDS | 190,000.0000 | 185,743.49 | .03 | |
| GREENFIRE RESOURC 12% 08/15/25 | 36136LAA2 | CORPORATE BONDS | 2,473,000.0000 | 2,621,380.00 | .36 | |
| MEGLOBAL CANADA UL 5% 05/18/25 | 58518N2B7 | CORPORATE BONDS | 1,000,000.0000 | 976,544.00 | .14 | |
| TACORA RESOURCE 8.25% 05/15/26 | 87356LAA8 | CORPORATE BONDS | 5,868,000.0000 | 4,811,936.86 | .67 | |
| TRANSCANADA TRUST V/R 09/15/79 | 89356BAE8 | CORPORATE BONDS | 130,000.0000 | 110,825.00 | .02 | |
| TRANSCANADA TRUST V/R 03/07/82 | 89356BAG3 | CORPORATE BONDS | 160,000.0000 | 136,263.54 | .02 | |
| MEGLOBAL CANADA UL 5% 05/18/25 | BMFG2R7 | CORPORATE BONDS | 4,600,000.0000 | 4,492,102.40 | .62 | |
| COPPER MOUNTAIN MI 8% 04/09/26 | C2783GAA8 | CORPORATE BONDS | 7,840,129.0000 | 7,271,719.65 | 1.01 | |
| INTERNATIONAL P 7.25% 02/01/27 | C4731DAA4 | CORPORATE BONDS | 5,643,000.0000 | 5,274,580.78 | .73 | |
| SA GLOBAL SUKU 1.602% 06/17/26 | 78397PAB7 | CORPORATE BONDS | 1,100,000.0000 | 984,535.20 | .14 | |
| TRANSOCEAN INC 7.5% 04/15/31 | RIG31 | 893830AF6 | CORPORATE BONDS | 1,992,000.0000 | 1,329,660.00 | .18 |
| SABLE INTL FINA 5.75% 09/07/27 | BJN5MK8 | CORPORATE BONDS | 3,973,000.0000 | 3,625,362.50 | .50 | |
| SA GLOBAL SUKU 1.602% 06/17/26 | BNKVR35 | CORPORATE BONDS | 3,900,000.0000 | 3,490,624.80 | .49 | |
| INTEROCEANICA 0% 11/30/25 | P52715AB8 | CORPORATE BONDS | 182,597.4000 | 147,073.08 | .02 | |
| AES ANDES SA V/R 03/26/79 | 00105DAF2 | CORPORATE BONDS | 800,000.0000 | 740,345.39 | .10 | |
| BANCO DEL ESTA 2.704% 01/09/25 | 05968AAG1 | CORPORATE BONDS | 1,300,000.0000 | 1,226,561.54 | .17 | |
| CHILE ELEC PEC SP ZCP 01/25/28 | 168831AA3 | CORPORATE BONDS | 3,400,000.0000 | 2,393,825.79 | .33 | |
| REPUBLIC OF CH 3.125% 01/21/26 | 168863CA4 | GOVERNMENT BONDS | 1,600,000.0000 | 1,520,507.17 | .21 | |
| ENEL GENERACION 4.25% 04/15/24 | 29246RAA1 | CORPORATE BONDS | 6,300,000.0000 | 6,205,500.00 | .86 | |
| EMPRESA ELECTRIC 5.5% 05/14/27 | BK254C2 | CORPORATE BONDS | 2,256,240.0000 | 1,981,001.28 | .28 | |
| AES ANDES SA V/R 03/26/79 | P0607LAC7 | CORPORATE BONDS | 1,000,000.0000 | 925,431.74 | .13 | |
| AES ANDES SA V/R 10/07/79 | P0607LAD5 | CORPORATE BONDS | 600,000.0000 | 540,000.00 | .08 | |
| CENCOSUD SA 5.15% 02/12/25 | P2205JAK6 | CORPORATE BONDS | 600,000.0000 | 591,750.00 | .08 | |
| COLBUN SA 4.5% 07/10/24 | P2867KAE6 | CORPORATE BONDS | 400,000.0000 | 393,000.00 | .05 | |
| EMPRESA ELECTR 4.875% 05/25/29 | P3713QAA5 | CORPORATE BONDS | 679,695.0000 | 600,680.46 | .08 | |
| GNL QUINTERO S 4.634% 07/31/29 | P4909LAA8 | CORPORATE BONDS | 2,470,800.0000 | 2,348,479.46 | .33 | |
| SOCIEDAD QUIMI 4.375% 01/28/25 | P8718AAH9 | CORPORATE BONDS | 2,200,000.0000 | 2,156,000.00 | .30 | |
| VTR COMUNICACI 5.125% 01/15/28 | P9810XAA9 | CORPORATE BONDS | 1,803,000.0000 | 1,027,710.00 | .14 | |
| BANCOLOMBIA SA V/R 10/18/27 | 05968LAK8 | CORPORATE BONDS | 6,570,000.0000 | 6,290,775.00 | .87 | |
| BANCOLOMBIA SA V/R 12/18/29 | 05968LAL6 | CORPORATE BONDS | 1,350,000.0000 | 1,149,187.50 | .16 | |
| REPUBLIC OF COLO 4.5% 01/28/26 | 195325CX1 | GOVERNMENT BONDS | 4,900,000.0000 | 4,543,644.90 | .63 | |
| ECOPETROL SA 4.125% 01/16/25 | 279158AK5 | CORPORATE BONDS | 1,700,000.0000 | 1,599,991.28 | .22 | |
| GRUPO INVERSIONE 5.5% 04/29/26 | BDGKYR9 | CORPORATE BONDS | 1,450,000.0000 | 1,369,691.75 | .19 | |
| ECOPETROL SA 5.875% 09/18/23 | EC23 | BDV82X0 | CORPORATE BONDS | 5,600,000.0000 | 5,559,120.00 | .77 |
| BBVA COLOMBIA 4.875% 04/21/25 | P1024TAN9 | CORPORATE BONDS | 400,000.0000 | 380,000.03 | .05 | |
| GEORG JENSEN V/R 05/15/23/EUR/ | K40294AA6 | CORPORATE BONDS | 2,100,000.0000 | 2,151,410.09 | .30 | |
| BANCO RESERVAS REP 7% 02/01/23 | B9L68W7 | CORPORATE BONDS | 1,100,000.0000 | 1,097,250.00 | .15 | |
| BNP PARIBAS V/R /PERP/ | 05565AHN6 | CORPORATE BONDS | 340,000.0000 | 326,549.27 | .05 | |
| BNP PARIBAS V/R /PERP/ | 05565AM34 | CORPORATE BONDS | 475,000.0000 | 465,500.00 | .06 | |
| CREDIT AGRICOLE SA V/R /PERP/ | 225313AJ4 | CORPORATE BONDS | 830,000.0000 | 843,205.30 | .12 | |
| SOCIETE GENERALE V/R /PERP/ | 83367TBF5 | CORPORATE BONDS | 290,000.0000 | 285,534.00 | .04 | |
| SOCIETE GENERALE V/R /PERP/ | 83367TBU2 | CORPORATE BONDS | 450,000.0000 | 391,891.50 | .05 | |
| LIFEFITGROUP V/R 07/26/23/EUR/ | BM9CLT6 | CORPORATE BONDS | 2,640,000.0000 | 2,720,496.14 | .38 | |
| LR GLOBAL HO V/R 02/03/25/EUR/ | BMFN5V3 | CORPORATE BONDS | 3,770,000.0000 | 2,923,523.68 | .41 | |
| DEUTSCHE BANK AG V/R /PERP/ | 251525AX9 | CORPORATE BONDS | 600,000.0000 | 510,905.12 | .07 | |
| ONGC VIDESH LTD 3.75% 05/07/23 | B8CH8T9 | CORPORATE BONDS | 1,300,000.0000 | 1,289,691.00 | .18 | |
| INDIAN OIL CORP 5.75% 08/01/23 | BCHH9P5 | CORPORATE BONDS | 1,500,000.0000 | 1,502,184.57 | .21 | |
| ADANI PORTS AND SP 4% 07/30/27 | BF0MQ91 | CORPORATE BONDS | 3,100,000.0000 | 2,704,634.03 | .38 | |
| ONGC VIDESH LT 4.625% 07/15/24 | BP3YP97 | CORPORATE BONDS | 850,000.0000 | 832,524.00 | .12 | |
| ADANI PORTS AN 3.375% 07/24/24 | Y00130RW9 | CORPORATE BONDS | 900,000.0000 | 848,435.16 | .12 | |
| ADANI INTERNATIONA 3% 02/16/31 | Y0R14UAA9 | CORPORATE BONDS | 1,546,875.0000 | 1,211,931.33 | .17 | |
| RELIANCE INDUS 4.125% 01/28/25 | Y72596BU5 | CORPORATE BONDS | 4,100,000.0000 | 3,972,848.01 | .55 | |
| PT PERTAMINA (PE 1.4% 02/09/26 | 69370RAK3 | CORPORATE BONDS | 4,800,000.0000 | 4,276,101.65 | .59 | |
| FREEPORT INDON 4.763% 04/14/27 | 69377FAA4 | CORPORATE BONDS | 1,100,000.0000 | 1,057,100.00 | .15 | |
| PERUSAHAAN PENE 3.75% 03/01/23 | 71567RAJ5 | CORPORATE BONDS | 1,321,000.0000 | 1,319,695.95 | .18 | |
| PT PERTAMINA (PE 4.3% 05/20/23 | Y7138AAE0 | CORPORATE BONDS | 2,100,000.0000 | 2,084,250.00 | .29 | |
| INDONESIA ASAHA 4.75% 05/15/25 | Y7140WAE8 | CORPORATE BONDS | 1,500,000.0000 | 1,466,721.47 | .20 | |
| FREEPORT INDON 4.763% 04/14/27 | Y7141BAA1 | CORPORATE BONDS | 2,900,000.0000 | 2,786,900.00 | .39 | |
| BANK LEUMI LE-ISR V/R 01/29/31 | 06326BAA7 | CORPORATE BONDS | 4,170,000.0000 | 3,706,087.50 | .52 | |
| BANK HAPOALIM V/R 01/21/32 | BNRR5X2 | CORPORATE BONDS | 4,000,000.0000 | 3,412,880.00 | .47 | |
| LINKEM SPA V/R 11/09/22/EUR/ | 333CY4 | CORPORATE BONDS | 6,630,000.0000 | 6,832,155.08 | .95 | |
| INTESA SANPAOLO SPA V/R /PERP/ | 46115HAU1 | CORPORATE BONDS | 85,000.0000 | 78,345.00 | .01 | |
| GALAXY PIPELINE 1.75% 09/30/27 | BNC1DT1 | CORPORATE BONDS | 6,008,724.9200 | 5,551,223.19 | .77 | |
| MILLICOM INTL 6.625% 10/15/26 | BYQM483 | CORPORATE BONDS | 1,377,900.0000 | 1,350,648.69 | .19 | |
| CSN RESOURCES 7.625% 04/17/26 | L21779AD2 | CORPORATE BONDS | 900,000.0000 | 893,880.00 | .12 | |
| GUARA NORTE SA 5.198% 06/15/34 | L4R02QAA8 | CORPORATE BONDS | 374,460.0000 | 309,865.65 | .04 | |
| MILLICOM INTL 5.125% 01/15/28 | L6388GAB6 | CORPORATE BONDS | 1,575,000.0000 | 1,424,256.75 | .20 | |
| TNB GLOBAL VEN 3.244% 10/19/26 | BYM79R6 | CORPORATE BONDS | 6,700,000.0000 | 6,194,150.00 | .86 | |
| AXIATA SPV2 BH 4.357% 03/24/26 | BYQ3VC9 | CORPORATE BONDS | 1,250,000.0000 | 1,220,950.00 | .17 | |
| MALAYSIA SOVER 3.043% 04/22/25 | Y5749LAA9 | CORPORATE BONDS | 1,200,000.0000 | 1,161,048.30 | .16 | |
| PETRONAS CAPITAL 3.5% 03/18/25 | Y68856AN6 | CORPORATE BONDS | 3,600,000.0000 | 3,483,899.21 | .48 | |
| ALTERA SHUTTLE T 9.5% 12/15/25 | Y1001FAB2 | CORPORATE BONDS | 4,000,000.0000 | 3,412,118.92 | .47 | |
| UPL CORP LTD 4.5% 03/08/28 | BFX1K48 | CORPORATE BONDS | 1,900,000.0000 | 1,593,977.37 | .22 | |
| FOMENTO ECONOM 2.875% 05/10/23 | 344419AA4 | CORPORATE BONDS | 350,000.0000 | 345,611.00 | .05 | |
| BANCO MERCANTIL DE V/R /PERP/ | P1401KAA9 | CORPORATE BONDS | 2,200,000.0000 | 1,898,600.00 | .26 | |
| BANCO NACIONAL CO V/R 08/11/31 | P1451JAA1 | CORPORATE BONDS | 2,600,000.0000 | 2,197,000.00 | .31 | |
| BBVA BANCOMER SA V/R 11/12/29 | P16259AL0 | CORPORATE BONDS | 2,443,000.0000 | 2,369,710.00 | .33 | |
| MEXICO GENERADOR 5.5% 12/06/32 | P66208AA0 | CORPORATE BONDS | 566,152.0000 | 538,899.23 | .07 | |
| ORBIA ADVANCE 1.875% 05/11/26 | P7S81YAB1 | CORPORATE BONDS | 700,000.0000 | 609,924.00 | .08 | |
| AZERION HO 7.25% 04/28/24/EUR/ | BMD6871 | CORPORATE BONDS | 872,000.0000 | 835,959.25 | .12 | |
| AERCAP HOLDINGS N V/R 10/10/79 | 00774YAA7 | CORPORATE BONDS | 1,210,000.0000 | 1,121,403.80 | .16 | |
| CLEAR CHANNEL 6.625% 08/01/25 | 18452MAB2 | CORPORATE BONDS | 4,329,000.0000 | 4,097,200.97 | .57 | |
| ING GROEP NV V/R /PERP/ | 456837AF0 | CORPORATE BONDS | 400,000.0000 | 376,344.02 | .05 | |
| ING GROEP NV V/R /PERP/ | 456837AR4 | CORPORATE BONDS | 400,000.0000 | 351,840.00 | .05 | |
| ING GROEP NV V/R /PERP/ | BJP13K1 | CORPORATE BONDS | 200,000.0000 | 193,000.00 | .03 | |
| BRASKEM NETHERLAN V/R 01/23/81 | N15516AF9 | CORPORATE BONDS | 4,700,000.0000 | 4,535,359.00 | .63 | |
| MHH HOLDING BV V/R 02/10/25 | N4071MAA0 | CORPORATE BONDS | 2,186,000.0000 | 2,186,000.00 | .30 | |
| MV24 CAPITAL B 6.748% 06/01/34 | N53766AA4 | CORPORATE BONDS | 844,455.0000 | 748,666.69 | .10 | |
| MINEJESA CAPIT 4.625% 08/10/30 | N57445AA1 | CORPORATE BONDS | 6,200,000.0000 | 5,394,000.00 | .75 | |
| VTR FINANCE BV 6.375% 07/15/28 | P9810YAA7 | CORPORATE BONDS | 1,600,000.0000 | 696,000.00 | .10 | |
| LINK MOBI 3.375% 12/15/25/EUR/ | BM90CB9 | CORPORATE BONDS | 1,200,000.0000 | 1,036,111.82 | .14 | |
| AKER ASA V/R 09/27/27/NOK/ | BN6ML18 | CORPORATE BONDS | 19,500,000.0000 | 1,963,557.69 | .27 | |
| AKER HORIZON V/R 08/15/25/NOK/ | BNC0570 | CORPORATE BONDS | 21,000,000.0000 | 1,994,383.02 | .28 | |
| DUETT SOFTWA V/R 04/12/26/NOK/ | R1R1C2AA8 | CORPORATE BONDS | 8,933,000.0000 | 852,921.39 | .12 | |
| MIME PETROLEUM 10.25% 11/10/26 | 34K7DS | CORPORATE BONDS | 1,050,000.0000 | 950,250.00 | .13 | |
| JACKTEL 10% 12/04/23 | BH0M918 | CORPORATE BONDS | 1,035,668.0000 | 880,317.80 | .12 | |
| JACKTEL 10% 12/04/23 | BNXH8G0 | CORPORATE BONDS | 584,544.0000 | 584,544.00 | .08 | |
| REPUBLIC OF PANAMA 4% 09/22/24 | 698299BD5 | GOVERNMENT BONDS | 3,000,000.0000 | 2,944,923.24 | .41 | |
| REPUBLIC OF PAN 3.75% 03/16/25 | 698299BE3 | GOVERNMENT BONDS | 3,500,000.0000 | 3,403,930.29 | .47 | |
| BANCO CONTINENT 2.75% 12/10/25 | 059490AB8 | CORPORATE BONDS | 950,000.0000 | 827,687.50 | .12 | |
| BANCO CONTINENT 2.75% 12/10/25 | P09110AB6 | CORPORATE BONDS | 1,200,000.0000 | 1,045,500.00 | .15 | |
| BANCO DE CREDITO V/R 09/30/31 | 05971U2D8 | CORPORATE BONDS | 2,800,000.0000 | 2,423,428.00 | .34 | |
| BANCO DE CREDITO V/R 07/01/30 | 05971V2C8 | CORPORATE BONDS | 2,050,000.0000 | 1,868,780.00 | .26 | |
| BANCO DE CREDITO V/R 09/30/31 | 05971V2D6 | CORPORATE BONDS | 1,450,000.0000 | 1,254,989.50 | .17 | |
| REPUBLIC OF PE 2.392% 01/23/26 | 715638DE9 | GOVERNMENT BONDS | 6,900,000.0000 | 6,382,209.37 | .89 | |
| SCOTIABANK PERU S V/R 12/13/27 | B95K160 | CORPORATE BONDS | 1,650,000.0000 | 1,631,734.50 | .23 | |
| FENIX POWER PE 4.317% 09/20/27 | BFB5M24 | CORPORATE BONDS | 4,258,235.2800 | 3,882,616.35 | .54 | |
| HUNT OIL CO OF 6.375% 06/01/28 | BFCCDJ8 | CORPORATE BONDS | 3,572,400.0000 | 3,393,780.00 | .47 | |
| BBVA BANCO CONTIN V/R 09/22/29 | BQVBHX5 | CORPORATE BONDS | 550,000.0000 | 533,500.00 | .07 | |
| ORAZUL ENERGY 5.625% 04/28/27 | BZ3FXQ3 | CORPORATE BONDS | 2,449,000.0000 | 2,145,936.25 | .30 | |
| BANCO INTERNAC DE V/R 03/19/29 | P13435AA3 | CORPORATE BONDS | 1,500,000.0000 | 1,486,771.26 | .21 | |
| BANCO INTERNAC DE V/R 07/08/30 | P13435AD7 | CORPORATE BONDS | 2,892,000.0000 | 2,604,361.68 | .36 | |
| CAMPOSOL SA 6% 02/03/27 | P19189AE2 | CORPORATE BONDS | 750,000.0000 | 454,410.00 | .06 | |
| CORP FINANCIERA D V/R 07/15/29 | P3R94GAA7 | GOVERNMENT BONDS | 1,815,000.0000 | 1,713,378.15 | .24 | |
| KALLPA GENERAC 4.875% 05/24/26 | P6040KAB3 | CORPORATE BONDS | 2,700,000.0000 | 2,592,000.00 | .36 | |
| TRANSPORT DE GA 4.25% 04/30/28 | P9367RAG6 | CORPORATE BONDS | 3,050,000.0000 | 2,857,118.00 | .40 | |
| STATE OF QATAR 3.25% 06/02/26 | BDDRJ90 | GOVERNMENT BONDS | 3,000,000.0000 | 2,880,068.58 | .40 | |
| QATAR ENERGY 1.375% 09/12/26 | M8180AAC2 | CORPORATE BONDS | 5,200,000.0000 | 4,601,792.00 | .64 | |
| SAUDI INTERNATI 3.25% 10/26/26 | BYQ6MG9 | GOVERNMENT BONDS | 2,500,000.0000 | 2,378,750.00 | .33 | |
| DBS GROUP HOLD 1.169% 11/22/24 | 24023KAH1 | CORPORATE BONDS | 400,000.0000 | 371,052.00 | .05 | |
| DBS GROUP HOLDING V/R 12/11/28 | 24023NAA0 | CORPORATE BONDS | 975,000.0000 | 962,523.00 | .13 | |
| OVERSEA-CHINESE B V/R 09/10/30 | 69033CAD1 | CORPORATE BONDS | 2,500,000.0000 | 2,232,700.00 | .31 | |
| OVERSEA-CHINESE 4.25% 06/19/24 | 69033DAC1 | CORPORATE BONDS | 1,000,000.0000 | 985,590.00 | .14 | |
| OVERSEA-CHINESE B V/R 09/10/30 | 69033DAD9 | CORPORATE BONDS | 4,400,000.0000 | 3,929,552.00 | .55 | |
| UNITED OVERSEAS B V/R 04/15/29 | 91127LAC4 | CORPORATE BONDS | 3,300,000.0000 | 3,206,505.09 | .45 | |
| SINGTEL GROUP 2.375% 10/03/26 | BDCFSL0 | CORPORATE BONDS | 6,500,000.0000 | 6,003,660.00 | .83 | |
| UNITED OVERSEAS B V/R 03/16/31 | BN767V1 | CORPORATE BONDS | 5,000,000.0000 | 4,413,900.00 | .61 | |
| PSA TREASURY PTE 2.5% 04/12/26 | BYQ9N32 | CORPORATE BONDS | 1,150,000.0000 | 1,076,676.00 | .15 | |
| SINGTEL GROUP T 3.25% 06/30/25 | BYTGS46 | CORPORATE BONDS | 1,200,000.0000 | 1,155,089.89 | .16 | |
| ONGC VIDESH VAN 3.75% 07/27/26 | BZ30F95 | CORPORATE BONDS | 650,000.0000 | 610,103.00 | .08 | |
| DBS GROUP HOLDING V/R 03/10/31 | Y20246J57 | CORPORATE BONDS | 6,000,000.0000 | 5,320,200.00 | .74 | |
| REPUBLIC OF SO 4.665% 01/17/24 | 836205AQ7 | GOVERNMENT BONDS | 3,200,000.0000 | 3,152,000.00 | .44 | |
| REPUBLIC OF SO 4.875% 04/14/26 | 836205AT1 | GOVERNMENT BONDS | 1,600,000.0000 | 1,562,633.60 | .22 | |
| KOREA DEVELOPMEN 0.8% 04/27/26 | 500630DE5 | GOVERNMENT BONDS | 2,000,000.0000 | 1,770,140.00 | .25 | |
| KOREA DEVELOPMENT 1% 09/09/26 | 500630DL9 | GOVERNMENT BONDS | 200,000.0000 | 174,373.98 | .02 | |
| KOREA ELECTRIC 1.125% 06/15/25 | 500631AU0 | GOVERNMENT BONDS | 1,900,000.0000 | 1,712,882.62 | .24 | |
| KOREA HYDRO & N 1.25% 04/27/26 | 50064YAP8 | GOVERNMENT BONDS | 5,100,000.0000 | 4,477,795.21 | .62 | |
| KOREA SOUTHERN 0.75% 01/27/26 | 50065AAC8 | CORPORATE BONDS | 4,300,000.0000 | 3,770,111.00 | .52 | |
| KOREA EAST-WEST 1.75% 05/06/25 | 5006EPAK7 | CORPORATE BONDS | 2,200,000.0000 | 2,013,835.54 | .28 | |
| NONGHYUP BANK 1.25% 07/20/25 | 65540JAE8 | CORPORATE BONDS | 2,000,000.0000 | 1,786,379.04 | .25 | |
| LG CHEM LTD 3.25% 10/15/24 | BJHQ2T6 | CORPORATE BONDS | 3,900,000.0000 | 3,741,153.00 | .52 | |
| KOREA DEVELOPME 1.25% 06/03/25 | BMWJ3J8 | GOVERNMENT BONDS | 2,150,000.0000 | 1,952,005.70 | .27 | |
| KOREA EAST-WEST 1.75% 05/06/25 | Y4836TBT7 | CORPORATE BONDS | 2,700,000.0000 | 2,471,525.43 | .34 | |
| KOREA ELECTRIC 1.125% 06/15/25 | Y4907LAB8 | GOVERNMENT BONDS | 4,000,000.0000 | 3,606,068.68 | .50 | |
| KT CORP 2.5% 07/18/26 | Y49915AZ7 | CORPORATE BONDS | 400,000.0000 | 366,070.56 | .05 | |
| KT CORP 1% 09/01/25 | Y4S88QDU3 | CORPORATE BONDS | 7,300,000.0000 | 6,486,695.39 | .90 | |
| POSCO HOLDINGS INC 2.375% 01/17/23 | Y70750BU0 | CORPORATE BONDS | 1,500,000.0000 | 1,494,405.00 | .21 | |
| BANCO BILBAO VIZCAY V/R /PERP/ | 05946KAF8 | CORPORATE BONDS | 200,000.0000 | 165,165.97 | .02 | |
| BANCO BILBAO VIZCAY V/R /PERP/ | 05946KAG6 | CORPORATE BONDS | 200,000.0000 | 189,176.45 | .03 | |
| BANCO SANTANDER SA V/R /PERP/ | 05971KAH2 | CORPORATE BONDS | 1,000,000.0000 | 775,527.19 | .11 | |
| AI CANDELARIA SP 7.5% 12/15/28 | BGL1H02 | CORPORATE BONDS | 4,483,000.0000 | 4,181,563.08 | .58 | |
| BANCO SANTANDER SA V/R /PERP/ | BJJ0597 | CORPORATE BONDS | 200,000.0000 | 195,220.00 | .03 | |
| CONNECT FINCO S 6.75% 10/01/26 | 20752TAA2 | CORPORATE BONDS | 4,593,000.0000 | 4,340,385.00 | .60 | |
| CREDIT SUISSE GROUP V/R /PERP/ | 225401AL2 | CORPORATE BONDS | 1,365,000.0000 | 873,327.00 | .12 | |
| CREDIT SUISSE GROUP V/R /PERP/ | 225401AX6 | CORPORATE BONDS | 800,000.0000 | 682,080.00 | .09 | |
| UBS GROUP AG V/R /PERP/ | 902613AJ7 | CORPORATE BONDS | 200,000.0000 | 168,046.90 | .02 | |
| UBS GROUP AG V/R /PERP/ | 90352JAF0 | CORPORATE BONDS | 300,000.0000 | 295,500.00 | .04 | |
| UBS GROUP AG V/R /PERP/ | BZ04Y60 | CORPORATE BONDS | 900,000.0000 | 881,460.00 | .12 | |
| UKRAINE GOVERNM 9.75% 11/01/30 | BG4T0F9 | GOVERNMENT BONDS | 1,800,000.0000 | 423,378.00 | .06 | |
| IMPALA GROUP V/R 10/20/24/SEK/ | G4722LAA3 | CORPORATE BONDS | 12,500,000.0000 | 1,125,306.02 | .16 | |
| BARCLAYS PLC V/R /PERP/ | 06738EBA2 | CORPORATE BONDS | 675,000.0000 | 648,000.00 | .09 | |
| BARCLAYS PLC V/R /PERP/ | 06738EBX2 | CORPORATE BONDS | 625,000.0000 | 589,062.50 | .08 | |
| HSBC HOLDINGS PLC V/R /PERP/ | 404280AT6 | CORPORATE BONDS | 1,000,000.0000 | 952,500.00 | .13 | |
| HSBC HOLDINGS PLC V/R /PERP/ | 404280BL2 | CORPORATE BONDS | 1,230,000.0000 | 1,088,796.00 | .15 | |
| LLOYDS BANKING GROU V/R /PERP/ | 539439AG4 | CORPORATE BONDS | 200,000.0000 | 195,518.00 | .03 | |
| LLOYDS BANKING GROU V/R /PERP/ | 539439AU3 | CORPORATE BONDS | 1,170,000.0000 | 1,123,744.07 | .16 | |
| NATWEST GROUP PLC V/R /PERP/ | 780097BQ3 | CORPORATE BONDS | 560,000.0000 | 512,400.00 | .07 | |
| NATWEST GROUP PLC V/R /PERP/ | 780099CK1 | CORPORATE BONDS | 600,000.0000 | 584,040.00 | .08 | |
| STANDARD CHARTERED V/R /PERP/ | 853254BT6 | CORPORATE BONDS | 240,000.0000 | 231,000.00 | .03 | |
| VODAFONE GROUP PL V/R 04/04/79 | 92857WBQ2 | CORPORATE BONDS | 780,000.0000 | 777,043.80 | .11 | |
| VODAFONE GROUP PL V/R 06/04/81 | 92857WBW9 | CORPORATE BONDS | 250,000.0000 | 188,127.50 | .03 | |
| LEGAL & GENERAL G V/R 03/21/47 | BF1TMX7 | CORPORATE BONDS | 200,000.0000 | 183,984.00 | .03 | |
| VEDANTA UK INV 6.125% 08/09/24 | BF2WGB1 | CORPORATE BONDS | 200,000.0000 | 121,979.61 | .02 | |
| VEDANTA UK INV 7.125% 05/31/23 | G9328DAJ9 | CORPORATE BONDS | 800,000.0000 | 746,676.00 | .10 | |
| AERCAP GLOBAL AVI V/R 06/15/45 | 00773HAA5 | CORPORATE BONDS | 820,000.0000 | 757,441.49 | .11 | |
| AIR LEASE CORP V/R /PERP/ | 00912XBJ2 | CORPORATE BONDS | 650,000.0000 | 552,760.01 | .08 | |
| ALLY FINANCIAL INC V/R /PERP/ | 02005NBM1 | CORPORATE BONDS | 420,000.0000 | 304,237.50 | .04 | |
| ALLY FINANCIAL INC V/R /PERP/ | 02005NBN9 | CORPORATE BONDS | 565,000.0000 | 376,275.49 | .05 | |
| AMER AGCREDIT ACA V/R /PERP/ | 02369GAA3 | CORPORATE BONDS | 250,000.0000 | 212,500.00 | .03 | |
| AMERICAN ELECTRIC V/R 02/15/62 | 025537AU5 | CORPORATE BONDS | 160,000.0000 | 123,883.28 | .02 | |
| AMERICAN EXPRESS CO V/R /PERP/ | 025816CH0 | CORPORATE BONDS | 240,000.0000 | 190,800.00 | .03 | |
| AMERICAN INTL GRO V/R 04/01/48 | 026874DM6 | CORPORATE BONDS | 160,000.0000 | 150,240.00 | .02 | |
| ANA INTL/ANA HOLD 15% 08/15/25 | 03254TAA1 | CORPORATE BONDS | 3,173,909.0000 | 3,078,691.73 | .43 | |
| ASSURANT INC V/R 03/27/48 | 04621XAK4 | CORPORATE BONDS | 1,200,000.0000 | 1,146,000.00 | .16 | |
| AXIS SPECIALTY FI V/R 01/15/40 | 05463HAC5 | CORPORATE BONDS | 250,000.0000 | 204,375.00 | .03 | |
| BANK OF AMERICA COR V/R /PERP/ | 060505EL4 | CORPORATE BONDS | 750,000.0000 | 739,821.58 | .10 | |
| BANK OF AMERICA COR V/R /PERP/ | 060505EU4 | CORPORATE BONDS | 1,020,000.0000 | 1,010,820.00 | .14 | |
| BANK OF AMERICA COR V/R /PERP/ | 060505GB4 | CORPORATE BONDS | 355,000.0000 | 303,525.00 | .04 | |
| BANK OF NY MELLON C V/R /PERP/ | 064058AH3 | CORPORATE BONDS | 200,000.0000 | 191,800.00 | .03 | |
| ESCROW GCB BRI 6.875% 12/15/20 | 109ESCAA1 | CORPORATE BONDS | 133,000.0000 | 1,330.00 | .00 | |
| CCO HLDGS LLC/CAP 4% 03/01/23 | 1248EPBZ5 | CORPORATE BONDS | 3,263,000.0000 | 3,244,608.43 | .45 | |
| CMS ENERGY CORP V/R 06/01/50 | 125896BU3 | CORPORATE BONDS | 215,000.0000 | 178,886.20 | .02 | |
| XPO CNW INC 6.7% 05/01/34 | CNW/34 | 12612WAB0 | CORPORATE BONDS | 2,450,000.0000 | 2,192,048.08 | .30 |
| CAPITAL FARM CREDIT V/R /PERP/ | 14019TAA4 | CORPORATE BONDS | 280,000.0000 | 240,800.00 | .03 | |
| CAPITAL ONE FINANCI V/R /PERP/ | 14040HCF0 | CORPORATE BONDS | 325,000.0000 | 250,250.00 | .03 | |
| CENTERPOINT ENERGY V/R /PERP/ | 15189TAS6 | CORPORATE BONDS | 885,000.0000 | 836,539.68 | .12 | |
| CHOBANI LLC/FINA 7.5% 04/15/25 | 17027NAA0 | CORPORATE BONDS | 4,737,000.0000 | 4,630,228.02 | .64 | |
| CITIGROUP INC V/R /PERP/ | 172967HQ7 | CORPORATE BONDS | 200,000.0000 | 187,000.00 | .03 | |
| CITIGROUP INC V/R /PERP/ | 172967JM4 | CORPORATE BONDS | 1,544,000.0000 | 1,439,462.46 | .20 | |
| CITIGROUP INC V/R /PERP/ | 172967KM2 | CORPORATE BONDS | 775,000.0000 | 749,967.50 | .10 | |
| CITIGROUP INC V/R /PERP/ | 172967MG3 | CORPORATE BONDS | 645,000.0000 | 580,500.00 | .08 | |
| CITIGROUP INC V/R /PERP/ | 172967NB3 | CORPORATE BONDS | 140,000.0000 | 113,050.00 | .02 | |
| CITIZENS FINANCIAL V/R /PERP/ | 174610AQ8 | CORPORATE BONDS | 100,000.0000 | 92,250.00 | .01 | |
| CITIZENS FINANCIAL V/R /PERP/ | 174610BD6 | CORPORATE BONDS | 260,000.0000 | 209,690.00 | .03 | |
| COBANK ACB V/R /PERP/ | 19075QAC6 | CORPORATE BONDS | 1,075,000.0000 | 1,032,342.18 | .14 | |
| COBANK ACB V/R /PERP/ | 19075QAE2 | CORPORATE BONDS | 460,000.0000 | 453,100.00 | .06 | |
| COMPEER FINANCIAL A V/R /PERP/ | 20453QAA0 | CORPORATE BONDS | 650,000.0000 | 573,625.51 | .08 | |
| COVANTA HOLDIN 4.875% 12/01/29 | 22303XAA3 | CORPORATE BONDS | -2,514,000.0000 | -2,124,330.00 | -.30 | |
| COVANTA HOLDIN 4.875% 12/01/29 | 22303XAA3 | CORPORATE BONDS | 2,514,000.0000 | 2,124,330.00 | .30 | |
| DXC TECHNOLOGY 2.375% 09/15/28 | 23355LAM8 | CORPORATE BONDS | 1,328,000.0000 | 1,138,080.62 | .16 | |
| DAIRY FARMERS OF 7.125% /PERP/ | 23385HAA7 | CORPORATE BONDS | 510,000.0000 | 457,725.00 | .06 | |
| DIEBOLD NIXDORF 8.5% 04/15/24 | 253651AC7 | CORPORATE BONDS | 1,665,000.0000 | 907,327.53 | .13 | |
| DISCOVER FINANCIAL V/R /PERP/ | 254709AN8 | CORPORATE BONDS | 125,000.0000 | 98,125.00 | .01 | |
| DISCOVER FINANCIAL V/R /PERP/ | 254709AQ1 | CORPORATE BONDS | 240,000.0000 | 234,360.00 | .03 | |
| EDISON INTERNATIONA V/R /PERP/ | 281020AS6 | CORPORATE BONDS | 360,000.0000 | 305,816.40 | .04 | |
| EDISON INTERNATIONA V/R /PERP/ | 281020AT4 | CORPORATE BONDS | 375,000.0000 | 309,220.89 | .04 | |
| ENERGY TRANSFER LP V/R /PERP/ | 29273VAM2 | CORPORATE BONDS | 44,000.0000 | 36,960.00 | .01 | |
| ENERGY TRANSFER LP V/R /PERP/ | 29273VAN0 | CORPORATE BONDS | 695,000.0000 | 598,172.60 | .08 | |
| ENSTAR FINANCE LL V/R 01/15/42 | 29360AAB6 | CORPORATE BONDS | 310,000.0000 | 249,860.00 | .03 | |
| EQUITABLE HOLDINGS V/R /PERP/ | 29452EAA9 | CORPORATE BONDS | 615,000.0000 | 581,113.50 | .08 | |
| FS ENERGY & POWE 7.5% 08/15/23 | 30264DAA7 | CORPORATE BONDS | -1,940,000.0000 | -1,940,000.00 | -.27 | |
| FIFTH THIRD BANCORP V/R /PERP/ | 316773DB3 | CORPORATE BONDS | 430,000.0000 | 402,544.50 | .06 | |
| ASSURED GUARANTY V/R 12/15/66 | 31769PAB6 | CORPORATE BONDS | 969,000.0000 | 889,057.50 | .12 | |
| FIRST CITIZENS BANC V/R /PERP/ | 31959XAA1 | CORPORATE BONDS | 260,000.0000 | 261,300.00 | .04 | |
| INVEPAR A-1 0% 12/30/2028 | 3323Z7 | CORPORATE BONDS | 70,068.0000 | .00 | .00 | |
| BRAZOS ELECTRIC 0% 3/23/49 | 34G3VQ | CORPORATE BONDS | 9,959,000.0000 | 9,050,938.38 | 1.26 | |
| BUZZFEED 7.00 9/30/2026 | 34H158 | CORPORATE BONDS | 9,400,000.0000 | 6,190,748.73 | .86 | |
| T/L GEMMACERT LTD 0% 05/19/24 | 34HG3G | LOAN | 871,435.9500 | 610,911.46 | .08 | |
| FXI HOLDINGS I 12.25% 11/15/26 | 35166FAA0 | CORPORATE BONDS | 4,649,000.0000 | 3,800,557.50 | .53 | |
| FREEPORT-MCMORAN I 5% 09/01/27 | 35671DCC7 | CORPORATE BONDS | 3,000,000.0000 | 2,905,843.83 | .40 | |
| FREEPORT-MCMOR 4.125% 03/01/28 | 35671DCE3 | CORPORATE BONDS | 2,700,000.0000 | 2,466,126.00 | .34 | |
| G-III APPAREL 7.875% 08/15/25 | 36237HAA9 | CORPORATE BONDS | 3,540,000.0000 | 3,429,375.00 | .48 | |
| GENERAL ELECTRIC CO V/R /PERP/ | 369604BQ5 | CORPORATE BONDS | 1,130,000.0000 | 1,096,100.00 | .15 | |
| GENERAL MOTORS FINL V/R /PERP/ | 37045XCA2 | CORPORATE BONDS | 960,000.0000 | 813,379.20 | .11 | |
| GENERAL MOTORS FINL V/R /PERP/ | 37045XDB9 | CORPORATE BONDS | 870,000.0000 | 752,550.00 | .10 | |
| GETTY IMAGES IN 9.75% 03/01/27 | 374276AJ2 | CORPORATE BONDS | 4,483,000.0000 | 4,426,962.50 | .62 | |
| GOLDMAN SACHS GROUP V/R /PERP/ | 38141GYU2 | CORPORATE BONDS | 115,000.0000 | 93,725.00 | .01 | |
| GOLDMAN SACHS GROUP V/R /PERP/ | 38148BAC2 | CORPORATE BONDS | 800,000.0000 | 766,000.00 | .11 | |
| GOLDMAN SACHS GROUP V/R /PERP/ | 38148BAE8 | CORPORATE BONDS | 959,000.0000 | 924,088.34 | .13 | |
| INNOVATE CORP 8.5% 02/01/26 | 404139AJ6 | CORPORATE BONDS | 10,223,000.0000 | 6,927,253.85 | .96 | |
| HAWAIIAN AIRLINE 3.9% 01/15/26 | 419838AA5 | CORPORATE BONDS | 7,869,010.1300 | 6,598,452.21 | .92 | |
| HERCULES ACHIEVEM V/R 12/22/24 | 42704WAA8 | CORPORATE BONDS | 1,062,000.0000 | 1,014,279.45 | .14 | |
| HUNTINGTON BANCSHAR V/R /PERP/ | 446150AT1 | CORPORATE BONDS | 840,000.0000 | 759,737.97 | .11 | |
| ILFC E-CAPITAL TR V/R 12/21/65 | 44965UAA2 | CORPORATE BONDS | 250,000.0000 | 170,625.00 | .02 | |
| ICAHN ENTERPRIS 4.75% 09/15/24 | 451102BW6 | CORPORATE BONDS | 377,000.0000 | 362,843.65 | .05 | |
| IEA ENERGY SER 6.625% 08/15/29 | 45174AAA0 | CORPORATE BONDS | 13,109,000.0000 | 12,164,171.05 | 1.69 | |
| STONEX GROUP I 8.625% 06/15/25 | 46116VAE5 | CORPORATE BONDS | 8,135,000.0000 | 8,246,856.25 | 1.15 | |
| JPMORGAN CHASE & CO V/R /PERP/ | 46625HJQ4 | CORPORATE BONDS | 720,000.0000 | 713,905.84 | .10 | |
| JPMORGAN CHASE & CO V/R /PERP/ | 48128BAF8 | CORPORATE BONDS | 1,215,000.0000 | 1,124,433.90 | .16 | |
| JPMORGAN CHASE & CO V/R /PERP/ | 48128BAN1 | CORPORATE BONDS | 905,000.0000 | 760,200.00 | .11 | |
| KEYCORP V/R /PERP/ | 493267AK4 | CORPORATE BONDS | 475,000.0000 | 415,478.63 | .06 | |
| LAND O'LAKES INC 7.25% /PERP/ | 514666AM8 | CORPORATE BONDS | 1,655,000.0000 | 1,527,910.43 | .21 | |
| LDPT 2021-A A 1% 05/15/23 | 52607FAA2 | ASSET BACKED | 23,606.6000 | 23,562.63 | .00 | |
| M&T BANK CORPORATIO V/R /PERP/ | 55261FAH7 | CORPORATE BONDS | 385,000.0000 | 335,431.25 | .05 | |
| M&T BANK CORPORATIO V/R /PERP/ | 55261FAN4 | CORPORATE BONDS | 170,000.0000 | 130,118.00 | .02 | |
| MPLX LP | 55336VAU4 | CORPORATE BONDS | 200,000.0000 | 197,636.00 | .03 | |
| MARKEL CORP V/R /PERP/ | 570535AW4 | CORPORATE BONDS | 1,170,000.0000 | 1,134,497.27 | .16 | |
| MRT MID PART/MRT 10% 02/29/24 | 573334AF6 | CORPORATE BONDS | 7,118,576.0000 | 7,100,779.56 | .99 | |
| MARTIN MIDSTRE 11.5% 2/28/25 | 573334AH2 | CORPORATE BONDS | 3,594,055.0000 | 3,576,084.73 | .50 | |
| MCKESSON CORP 3.95% 02/16/28 | 581557BJ3 | CORPORATE BONDS | -322,000.0000 | -304,825.78 | -.04 | |
| MERCURY CHILE HO 6.5% 01/24/27 | 58937CAA7 | CORPORATE BONDS | 1,000,000.0000 | 884,410.00 | .12 | |
| LEAFLY HOLDINGS IN 8% 01/31/25 | 58953MAA4 | CORPORATE BONDS | 7,109,000.0000 | 6,611,370.00 | .92 | |
| METLIFE INC V/R /PERP/ | 59156RBT4 | CORPORATE BONDS | 680,000.0000 | 628,165.18 | .09 | |
| MLANE 2021-A A 1.59% 07/15/23 | 60510MAA6 | ASSET BACKED | 567,000.0000 | 545,808.89 | .08 | |
| MLANE 2021-A B 2.24% 07/15/23 | 60510MAB4 | ASSET BACKED | 100,000.0000 | 96,249.29 | .01 | |
| 99 ESCROW ISSUER 7.5% 01/15/26 | 65442QAA9 | CORPORATE BONDS | 7,321,000.0000 | 4,293,327.24 | .60 | |
| NISOURCE INC V/R /PERP/ | 65473PAG0 | CORPORATE BONDS | 85,000.0000 | 79,050.00 | .01 | |
| PNC FINANCIAL SERVI V/R /PERP/ | 693475AQ8 | CORPORATE BONDS | 447,000.0000 | 386,380.49 | .05 | |
| PNC FINANCIAL SERVI V/R /PERP/ | 693475BC8 | CORPORATE BONDS | 220,000.0000 | 169,290.73 | .02 | |
| PNC FINANCIAL SERVI V/R /PERP/ | 693475BD6 | CORPORATE BONDS | 225,000.0000 | 211,500.00 | .03 | |
| PNC FINANCIAL SERVI V/R /PERP/ | 693475BF1 | CORPORATE BONDS | 375,000.0000 | 361,875.00 | .05 | |
| PARTNERRE FINANCE V/R 10/01/50 | 70213BAC5 | CORPORATE BONDS | 195,000.0000 | 161,850.00 | .02 | |
| PROSOMNUS HLDGS 9.0% 12/31/49 | 74349QAB3 | CORPORATE BONDS | 3,040,114.0000 | 2,660,099.75 | .37 | |
| PROVIDENT FINA 7.405% 03/15/38 | 743863AA0 | CORPORATE BONDS | 330,000.0000 | 342,375.00 | .05 | |
| PRUDENTIAL FINANC V/R 03/01/52 | 744320BJ0 | CORPORATE BONDS | 110,000.0000 | 94,039.61 | .01 | |
| REGIONS FINANCIAL C V/R /PERP/ | 7591EPAR1 | CORPORATE BONDS | 600,000.0000 | 581,598.92 | .08 | |
| SBL HOLDINGS INC V/R /PERP/ | 78397DAA6 | CORPORATE BONDS | 845,000.0000 | 693,129.92 | .10 | |
| SBL HOLDINGS INC V/R /PERP/ | 78397DAC2 | CORPORATE BONDS | 195,000.0000 | 148,200.00 | .02 | |
| SVB FINANCIAL GROUP V/R /PERP/ | 78486QAG6 | CORPORATE BONDS | 355,000.0000 | 202,139.15 | .03 | |
| SVB FINANCIAL GROUP V/R /PERP/ | 78486QAJ0 | CORPORATE BONDS | 240,000.0000 | 157,056.00 | .02 | |
| SVB FINANCIAL GROUP V/R /PERP/ | 78486QAQ4 | CORPORATE BONDS | 60,000.0000 | 38,970.00 | .01 | |
| SASOL FINANCIN 4.375% 09/18/26 | 80386WAC9 | CORPORATE BONDS | 1,550,000.0000 | 1,406,625.00 | .20 | |
| CHARLES SCHWAB CORP V/R /PERP/ | 808513BD6 | CORPORATE BONDS | 620,000.0000 | 609,398.00 | .08 | |
| CHARLES SCHWAB CORP V/R /PERP/ | 808513BK0 | CORPORATE BONDS | 210,000.0000 | 178,500.00 | .02 | |
| SEMPRA ENERGY V/R /PERP/ | 816851BK4 | CORPORATE BONDS | 290,000.0000 | 268,975.00 | .04 | |
| SEMPRA ENERGY V/R 04/01/52 | 816851BM0 | CORPORATE BONDS | 230,000.0000 | 178,847.23 | .02 | |
| SOUTHERN CO V/R 01/15/51 | 842587DF1 | CORPORATE BONDS | 160,000.0000 | 141,053.96 | .02 | |
| STORCENTRIC IN 5.875% 02/19/23 | 86213DAA1 | CORPORATE BONDS | 1,156,000.0000 | 1,156,000.00 | .16 | |
| TALEN ENERGY SU 7.25% 05/15/27 | 87422VAF5 | CORPORATE BONDS | 2,650,000.0000 | 2,724,221.60 | .38 | |
| TALEN ENERGY S 6.625% 01/15/28 | 87422VAG3 | CORPORATE BONDS | 1,686,000.0000 | 1,707,075.00 | .24 | |
| TALEN ENERGY S 7.625% 06/01/28 | 87422VAJ7 | CORPORATE BONDS | 6,583,000.0000 | 6,780,818.89 | .94 | |
| TRUIST FINANCIAL CO V/R /PERP/ | 89832QAD1 | CORPORATE BONDS | 580,000.0000 | 526,489.20 | .07 | |
| TRUIST FINANCIAL CO V/R /PERP/ | 89832QAF6 | CORPORATE BONDS | 1,260,000.0000 | 1,128,960.00 | .16 | |
| UNITED NATURAL 6.75% 10/15/28 | 911163AA1 | CORPORATE BONDS | 250,000.0000 | 242,500.00 | .03 | |
| UPHEALTH INC 6.25% 06/15/26 | 91532BAA9 | CORPORATE BONDS | 8,201,000.0000 | 2,439,797.50 | .34 | |
| PARAMOUNT GLOBAL V/R 03/30/62 | 92556HAE7 | CORPORATE BONDS | 180,000.0000 | 148,865.08 | .02 | |
| VISTRA CORP V/R /PERP/ | 92840MAB8 | CORPORATE BONDS | 120,000.0000 | 113,979.76 | .02 | |
| VISTRA CORP V/R /PERP/ | 92840MAC6 | CORPORATE BONDS | 205,000.0000 | 183,356.85 | .03 | |
| VOYA FINANCIAL INC V/R /PERP/ | 929089AG5 | CORPORATE BONDS | 540,000.0000 | 523,294.35 | .07 | |
| WELLS FARGO & COMPA V/R /PERP/ | 949746RG8 | CORPORATE BONDS | 570,000.0000 | 522,975.00 | .07 | |
| WELLS FARGO & COMPA V/R /PERP/ | 949746RN3 | CORPORATE BONDS | 1,000,000.0000 | 978,900.00 | .14 | |
| WELLS FARGO & COMPA V/R /PERP/ | 949746TD3 | CORPORATE BONDS | 1,145,000.0000 | 997,581.25 | .14 | |
| MERCURY CHILE HO 6.5% 01/24/27 | BM8B105 | CORPORATE BONDS | 700,000.0000 | 619,087.00 | .09 | |
| PERIAMA HOLDING 5.95% 04/19/26 | BM95XL1 | CORPORATE BONDS | 2,700,000.0000 | 2,493,504.00 | .35 | |
| T/L INTERNATIONAL 0% 05/1/24 | LX172777 | LOAN | 1,922,399.2900 | 1,332,857.10 | .19 | |
| T/L RA ACQUISITI 0% 05/31/23 | LX174026 | LOAN | 2,044,105.8800 | 2,044,105.88 | .28 | |
| T/L FOGO DE CHAO I 0% 04/07/25 | LX176283 | LOAN | 1,707,000.0000 | 1,595,515.83 | .22 | |
| T/L GETTY IMAGES 0% 02/19/2026 | LX178592 | LOAN | 3,623,880.8400 | 3,594,889.79 | .50 | |
| T/L MONITRONICS 0% 04/29/24 | LX182627 | LOAN | 3,242,287.1800 | 2,129,112.72 | .30 | |
| T/L FIRST BRANDS 0% 3/30/2028 | LX193457 | LOAN | 6,606,639.0000 | 5,912,941.91 | .82 | |
| T/L WEST MARINE 0% 06/01/2029 | LX195023 | LOAN | 5,314,000.0000 | 3,440,815.00 | .48 | |
| T/L CENGAGE 0% 07/14/2026 | LX195798 | LOAN | 2,992,443.3200 | 2,742,574.30 | .38 | |
| T/L QUARTERNORTH 0% 8/27/2026 | LX197535 | LOAN | 1,117,000.0000 | 1,109,549.61 | .15 | |
| T/L MOUNTAIN 0% 10/26/28 | LX198691 | LOAN | 7,030,725.0000 | 5,624,580.00 | .78 | |
| T/L INOTIV INC. 0% 11/05/26 | LX200619 | LOAN | 6,031,422.5000 | 5,770,080.96 | .80 | |
| T/L CROCS INC. 0% 02/20/2029 | LX202214 | LOAN | 3,906,506.7400 | 3,764,895.87 | .52 | |
| T/L INOTIV INC. 0% 11/05/26 | LX202439 | LOAN | 2,142,000.0000 | 2,049,187.14 | .28 | |
| GOLD FIELDS OR 5.125% 05/15/24 | BFY97K6 | CORPORATE BONDS | 200,000.0000 | 198,565.02 | .03 | |
| P/O SPY OPTION DEC 380.000 | SPY221216P00380000 | 00R9922T4 | OPTIONS | -132.0000 | -12,540.00 | -.00 |
| P/O DIEBOLD NIXDOR DEC 2.500 | DBD221216P00002500 | 0149914J9 | OPTIONS | -323.0000 | -14,535.00 | -.00 |
| P/O ISHARES IBOXX DEC 70.000 | HYG221216P00070000 | 0IT999CV2 | OPTIONS | -332.0000 | -1,992.00 | -.00 |
| C/O ISHARES IBOXX DEC 75.000 | HYG221216C00075000 | 0IV993CP5 | OPTIONS | -331.0000 | -32,769.00 | -.00 |
| P/O ISHARES IBOXX DEC 73.000 | HYG221216P00073000 | 1669960Y5 | OPTIONS | -664.0000 | -15,272.00 | -.00 |
| C/O DIEBOLD NIXDOR DEC 2.500 | DBD221216C00002500 | 7QZ996R73 | OPTIONS | 323.0000 | 1,938.00 | .00 |
| CONSTELLATION 0% 12/09/22 | 21037DM92 | SHORT TERMS | 6,480,000.0000 | 6,472,698.98 | .90 | |
| DOVER CORPORAT DISC 01/05/23 | 26000MN51 | SHORT TERMS | 7,709,000.0000 | 7,674,309.50 | 1.07 | |
| GNRL MTRS FINC DISC 01/10/23 | 37046UNA5 | SHORT TERMS | 6,293,000.0000 | 6,258,455.21 | .87 | |
| HUMANA INC DISC 12/12/22 | 44486JMC0 | SHORT TERMS | 6,523,000.0000 | 6,513,815.62 | .91 | |
| ITT INC DISC 01/11/23 | 46575BNB5 | SHORT TERMS | 6,725,000.0000 | 6,689,223.00 | .93 | |
| ORACLE CORPORA DISC 01/13/23 | 6840C3ND1 | SHORT TERMS | 6,923,000.0000 | 6,886,119.79 | .96 | |
| PARKER-HANNIFI DISC 12/19/22 | 70109MMK7 | SHORT TERMS | 6,369,000.0000 | 6,355,184.37 | .88 | |
| ROGERS COMMUNI DISC 12/16/22 | 77511MMG3 | SHORT TERMS | 6,725,000.0000 | 6,712,291.10 | .93 | |
| GBP/USD FWD 20221215 000000010 USD | GBP | 1296003532 | FORWARD | -1,152,000.0000 | -1,389,371.31 | -.19 |
| EUR/USD FWD 20221215 000000010 USD | EUR | 1295966632 | FORWARD | -15,994,000.0000 | -16,666,215.12 | -2.32 |
| NOK/USD FWD 20221215 000000010 USD | NOK | 1296004113 | FORWARD | -47,328,000.0000 | -4,809,443.78 | -.67 |
| SEK/USD FWD 20221215 000000010 USD | SEK | 1296004115 | FORWARD | -12,035,000.0000 | -1,147,445.45 | -.16 |
| USD/EUR FWD 20221215 000000010 USD | USD | 1295966632 | FORWARD | 16,282,691.7000 | 16,282,691.70 | 2.26 |
| USD/GBP FWD 20221215 000000010 USD | USD | 1296003532 | FORWARD | 1,343,924.3500 | 1,343,924.35 | .19 |
| USD/NOK FWD 20221215 000000010 USD | USD | 1296004113 | FORWARD | 4,673,875.5200 | 4,673,875.52 | .65 |
| USD/SEK FWD 20221215 000000010 USD | USD | 1296004115 | FORWARD | 1,133,130.9800 | 1,133,130.98 | .16 |
As of 11/30/2022.
Distributions
| Fund Name | Fund Cusip | Distribution Type | Amount per Share | Ex Date | Reinvest Date | Reinvest Price | |
|---|---|---|---|---|---|---|---|
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.034212 | 11/29/2022 | 11/29/2022 | $9.20 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.034469 | 10/27/2022 | 10/27/2022 | $9.14 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.035428 | 9/29/2022 | 9/29/2022 | $9.20 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.036116 | 8/29/2022 | 8/29/2022 | $9.45 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.035642 | 7/28/2022 | 7/28/2022 | $9.46 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.032385 | 6/29/2022 | 6/29/2022 | $9.43 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.031044 | 5/26/2022 | 5/26/2022 | $9.64 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.038736 | 4/28/2022 | 4/28/2022 | $9.74 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.026491 | 3/30/2022 | 3/30/2022 | $9.87 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.153649 | 12/29/2021 | 12/29/2021 | $10.05 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.026996 | 11/29/2021 | 11/29/2021 | $10.16 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.034697 | 10/28/2021 | 10/28/2021 | $10.17 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.039569 | 9/29/2021 | 9/29/2021 | $10.20 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.029057 | 8/30/2021 | 8/30/2021 | $10.19 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.02551 | 7/29/2021 | 7/29/2021 | $10.20 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.027281 | 6/29/2021 | 6/29/2021 | $10.21 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.022874 | 5/27/2021 | 5/27/2021 | $10.21 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.032352 | 4/29/2021 | 4/29/2021 | $10.20 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.032789 | 3/30/2021 | 3/30/2021 | $10.19 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.025574 | 2/25/2021 | 2/25/2021 | $10.18 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.006402 | 1/28/2021 | 1/28/2021 | $10.09 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.054694 | 12/29/2020 | 12/29/2020 | $9.95 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.038687 | 11/25/2020 | 11/25/2020 | $9.84 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.032959 | 10/29/2020 | 10/29/2020 | $9.70 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.031595 | 9/29/2020 | 9/29/2020 | $9.74 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.036476 | 8/28/2020 | 8/28/2020 | $9.78 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.034994 | 7/30/2020 | 7/30/2020 | $9.70 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.043968 | 6/29/2020 | 6/29/2020 | $9.61 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.037548 | 5/28/2020 | 5/28/2020 | $9.43 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.037132 | 4/29/2020 | 4/29/2020 | $9.26 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.031376 | 3/30/2020 | 3/30/2020 | $9.03 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.037656 | 2/27/2020 | 2/27/2020 | $10.03 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.010928 | 1/30/2020 | 1/30/2020 | $10.09 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.054524 | 12/27/2019 | 12/27/2019 | $10.04 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.032757 | 11/26/2019 | 11/26/2019 | $10.02 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.033378 | 10/30/2019 | 10/30/2019 | $10.05 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.032828 | 9/26/2019 | 9/26/2019 | $10.05 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.034882 | 8/29/2019 | 8/29/2019 | $10.07 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.035266 | 7/30/2019 | 7/30/2019 | $10.10 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.034075 | 6/27/2019 | 6/27/2019 | $10.10 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.036087 | 5/30/2019 | 5/30/2019 | $10.04 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.035175 | 4/29/2019 | 4/29/2019 | $10.06 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.032949 | 3/28/2019 | 3/28/2019 | $10.01 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.033447 | 2/27/2019 | 2/27/2019 | $9.96 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.033512 | 1/30/2019 | 1/30/2019 | $9.93 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.03611 | 12/27/2018 | 12/27/2018 | $9.80 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.032806 | 11/29/2018 | 11/29/2018 | $9.88 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.033505 | 10/30/2018 | 10/30/2018 | $9.96 | |
| Destinations Global Fixed Income Opportunities Fund | 10964R798 | Dividend | 0.029826 | 9/27/2018 | 9/27/2018 | $10.04 |
Fees and expenses
| Type | Amount |
|---|---|
| Management Fees | 0.85% |
| Distribution and Service (12b-1) Fees | None |
| Other Expenses | 0.19% |
| AFFE | None |
| Total Annual Fund Operating Expenses | 1.04% |
| Fee waivers and expense reimbursements | (0.11%) |
| Total Annual Fund Operating Expenses Less Fee Waivers and Expense Reimbursements | 0.93%* |
Individual Investor Contact Information
1-877-771-7979
Monday – Friday 8:30 am – 5:00 pm EST
1-877-771-7979
Monday – Friday 8:30 am – 5:00 pm EST
Or write to the Funds at:
Brinker Capital Destinations Funds
P.O. Box 2175
Milwaukee, WI 53201
Brinker Capital Destinations Funds
P.O. Box 2175
Milwaukee, WI 53201
Overnight/Certified Mail:
Brinker Capital Destinations Funds
235 W. Galena Street
Milwaukee, WI 53212
Brinker Capital Destinations Funds
235 W. Galena Street
Milwaukee, WI 53212
Investment Adviser
Brinker Capital Investments LLC
1055 Westlakes Drive, Suite 250
Berwyn, PA 19312
www.brinkercapital.com
Brinker Capital Investments LLC
1055 Westlakes Drive, Suite 250
Berwyn, PA 19312
www.brinkercapital.com
Distributor
Foreside Fund Services, LLC
Three Canal Plaza, Suite 100
Portland, ME 04101
www.foreside.com
Foreside Fund Services, LLC
Three Canal Plaza, Suite 100
Portland, ME 04101
www.foreside.com
Media Relations
marketingmembers@brinkercapital.com
marketingmembers@brinkercapital.com
Mutual fund investing involves risk. The value of your investment in a Fund could go down. Multi-investment management styles may lead to overlapping securities transactions and higher transaction expenses compared to single investment management styles. Outcomes depend on the skill of the sub-advisers and adviser and the allocation of assets amongst them, as well as market fluctuations and industry/economic trends etc.
Before investing you should consider the Destinations Funds’ investment objectives, risks, charges and expenses carefully. The prospectus contains this and other information about the Funds. You may obtain a copy of the prospectus by calling 1-877-771-7979. The prospectus should be read carefully before investing.
Any tax or legal information provided is not an exhaustive interpretation of some of the current income tax regulations. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation. Neither the Funds nor any of their representatives may give legal or tax advice.
The Destinations Funds are distributed by Foreside Fund Services, LLC.
