Value Line Asset Allocation Fund NPORTP (Jun 2021 report)

Value Line Asset Allocation Fund, Inc.

Schedule of Investments (unaudited)

	Shares		Value
	COMMON STOCKS 58.8%
CONSUMER DISCRETIONARY 2.7%
		DISTRIBUTION & WHOLESALE 0.9%
	34,800	Pool Corp.	$	15,961,368

		RETAIL 1.8%
	51,100	Dollar General Corp.		11,057,529
	8,400	Domino's Pizza, Inc.		3,918,516
	234,394	TJX Companies, Inc. (The)		15,802,844
				30,778,889
				46,740,257

CONSUMER STAPLES 0.9%
		HOUSEHOLD PRODUCTS 0.4%
	77,200	Church & Dwight Co., Inc.		6,578,984
		RETAIL 0.5%
	25,000	Costco Wholesale Corp.		9,891,750
				16,470,734

FINANCIALS 7.8%
		COMMERCIAL SERVICES 1.9%
	83,400	S&P Global, Inc.		34,231,530

		DIVERSIFIED FINANCIAL SERVICES 2.0%
	289,913	Intercontinental Exchange, Inc.		34,412,673

		INSURANCE 3.9%
	4,900	Alleghany Corp.⁽¹⁾		3,268,643
	70,100	American Financial Group, Inc.		8,742,872
	83,700	Aon PLC Class A		19,984,212
	234,400	Arch Capital Group, Ltd.⁽¹⁾		9,127,536
	205,130	Berkley (W.R.) Corp.		15,267,826
	76,200	Progressive Corp. (The)		7,483,602
	43,100	RLI Corp.		4,507,829
				68,382,520
				137,026,723
HEALTHCARE 9.3%
		BIOTECHNOLOGY 0.5%
	13,600	Bio-Rad Laboratories, Inc. Class A⁽¹⁾		8,762,344

		ELECTRONICS 0.4%
	5,300	Mettler-Toledo International, Inc.⁽¹⁾		7,342,302

		HEALTHCARE PRODUCTS 5.9%
	4,900	Cooper Cos., Inc. (The)		1,941,723
	136,737	Danaher Corp.		36,694,741
	36,800	IDEXX Laboratories, Inc.⁽¹⁾		23,241,040
	29,400	Teleflex, Inc.		11,812,626
	60,000	Thermo Fisher Scientific, Inc.		30,268,200
				103,958,330

		HEALTHCARE SERVICES 2.5%
	17,000	Charles River Laboratories International, Inc.⁽¹⁾		6,288,640
	33,700	Chemed Corp.		15,990,650
	66,900	IQVIA Holdings, Inc.⁽¹⁾		16,211,208
	13,800	UnitedHealth Group, Inc.		5,526,072
				44,016,570
				164,079,546

INDUSTRIALS 13.8%
		AEROSPACE & DEFENSE 3.2%
	75,100	Teledyne Technologies, Inc.⁽¹⁾		31,454,133
	38,400	TransDigm Group, Inc.⁽¹⁾		24,855,936
				56,310,069

		BUILDING MATERIALS 0.2%
	9,500	Lennox International, Inc.		3,332,600

		COMMERCIAL SERVICES 4.3%
	82,900	Cintas Corp.		31,667,800
	103,000	CoStar Group, Inc.⁽¹⁾		8,530,460
	57,503	IHS Markit, Ltd.		6,478,288
	259,874	Rollins, Inc.		8,887,691
	111,600	Verisk Analytics, Inc.		19,498,752
				75,062,991

		DISTRIBUTION & WHOLESALE 0.4%
	56,500	Copart, Inc.⁽¹⁾		7,448,395

		ENGINEERING & CONSTRUCTION 0.2%
	33,000	Exponent, Inc.		2,943,930

		ENVIRONMENTAL CONTROL 2.5%
	271,627	Republic Services, Inc.		29,881,686
	114,125	Waste Connections, Inc.		13,629,949
				43,511,635

		SOFTWARE 1.6%
	59,100	Roper Technologies, Inc.		27,788,820

		TRANSPORTATION 1.4%
	116,300	Union Pacific Corp.		25,577,859
				241,976,299

INFORMATION TECHNOLOGY 20.3%
		COMMERCIAL SERVICES 0.7%
	18,700	Gartner, Inc.⁽¹⁾		4,529,140
	45,887	Global Payments, Inc.		8,605,648
				13,134,788

June 30, 2021

	Shares		Value
	COMMON STOCKS 58.8% (continued)
INFORMATION TECHNOLOGY 20.3% (continued)
		COMPUTERS 2.9%
	72,751	Accenture PLC Class A	$	21,446,267
	155,100	CGI, Inc.⁽¹⁾		14,052,060
	29,000	EPAM Systems, Inc.⁽¹⁾		14,817,840
				50,316,167
		DIVERSIFIED FINANCIAL SERVICES 1.7%
	80,000	MasterCard, Inc. Class A		29,207,200
		SEMICONDUCTORS 0.4%
	21,565	Monolithic Power Systems, Inc.		8,053,449
		SOFTWARE 14.2%
	59,900	Adobe, Inc.⁽¹⁾		35,079,836
	24,700	ANSYS, Inc.⁽¹⁾		8,572,382
	147,600	Cadence Design Systems, Inc.⁽¹⁾		20,194,632
	51,600	Fair Isaac Corp.⁽¹⁾		25,938,288
	106,787	Fidelity National Information Services, Inc.		15,128,514
	177,000	Fiserv, Inc.⁽¹⁾		18,919,530
	72,810	Intuit, Inc.		35,689,278
	13,400	Paycom Software, Inc.⁽¹⁾		4,870,498
	81,000	Salesforce.com, Inc.⁽¹⁾		19,785,870
	45,925	ServiceNow, Inc.⁽¹⁾		25,238,084
	59,800	Synopsys, Inc.⁽¹⁾		16,492,242
	52,737	Tyler Technologies, Inc.⁽¹⁾		23,856,637
				249,765,791

		TELECOMMUNICATIONS 0.4%
	34,100	Motorola Solutions, Inc.		7,394,585
				357,871,980

MATERIALS 1.2%
		CHEMICALS 0.9%
	81,000	Ecolab, Inc.		16,683,570

		PACKAGING & CONTAINERS 0.3%
	31,800	AptarGroup, Inc.		4,478,712
				21,162,282

REAL ESTATE 1.7%
		REITS 1.7%
	21,600	Equinix, Inc. REIT		17,336,160
	174,700	Equity Lifestyle Properties, Inc. REIT		12,981,957
				30,318,117
UTILITIES 1.1%
		ELECTRIC 1.1%
	253,776	NextEra Energy, Inc.		18,596,705

TOTAL COMMON STOCKS (Cost $650,387,927)				1,034,242,643

Principal Amount			Value
ASSET-BACKED SECURITIES 1.6%
$	77,035	Ally Auto Receivables Trust, Series 2018-3, Class A3, 3.00%, 1/17/23	$	77,297
	52,472	Ally Auto Receivables Trust, Series 2018-2, Class A3, 2.92%, 11/15/22		52,583
	2,400,000	Chase Issuance Trust, Series 2012-A7, Class A7, 2.16%, 9/15/24		2,456,644
	1,750,000	Ford Credit Auto Owner Trust, Series 2018-1, Class A, 3.19%, 7/15/31⁽²⁾		1,888,419
	45,660	Ford Credit Auto Owner Trust, Series 2018-A, Class A3, 3.03%, 11/15/22		45,794
	1,000,000	Ford Credit Auto Owner Trust, Series 2020-2, Class A, 1.06%, 4/15/33⁽²⁾		999,318
	1,500,000	Ford Credit Auto Owner Trust, Series 2018-2, Class A, 3.47%, 1/15/30⁽²⁾		1,592,432
	1,220,000	Ford Credit Floorplan Master Owner Trust, Series 2019-2, Class A, 3.06%, 4/15/26		1,301,546
	323,952	GM Financial Consumer Automobile Receivables Trust, Series 2019-4, Class A3, 1.75%, 7/16/24		327,054
	403,703	GM Financial Consumer Automobile Receivables Trust, Series 2017-3A, Class A4, 2.13%, 3/16/23⁽²⁾		404,044
	1,500,000	GM Financial Consumer Automobile Receivables Trust, Series 2020-1, Class A4, 1.90%, 3/17/25		1,540,667
	700,000	Honda Auto Receivables Owner Trust, Series 2018-3, Class A4, 3.07%, 11/21/24		709,537
	882,978	Honda Auto Receivables Owner Trust, Series 2018-1I, Class A4, 2.78%, 5/15/24		883,857
	655,000	Honda Auto Receivables Owner Trust, Series 2020-2, Class A3, 0.82%, 7/15/24		659,202
	709,000	Honda Auto Receivables Owner Trust, Series 2019-2, Class A4, 2.54%, 3/21/25		729,093
	1,000,000	Honda Auto Receivables Owner Trust, Series 2019-4, Class A4, 1.87%, 1/20/26		1,025,544
	305,000	Honda Auto Receivables Owner Trust, Series 2018-2, Class A4, 3.16%, 8/19/24		307,462
	1,300,000	Honda Auto Receivables Owner Trust, Series 2020-3, Class A4, 0.46%, 4/19/27		1,296,626
	282,723	Hyundai Auto Lease Securitization Trust, Series 2019-A, Class A4, 3.05%, 12/15/22⁽²⁾		283,268
	16,857	Mercedes-Benz Auto Lease Trust, Series 2020-A, Class A2, 1.82%, 3/15/22		16,869
	406,242	Nissan Auto Receivables Owner Trust, Series 2019-A, Class A3, 2.90%, 10/16/23		411,692

Schedule of Investments (unaudited) (continued)

Principal Amount			Value
ASSET-BACKED SECURITIES 1.6% (continued)
$	1,000,000	Toyota Auto Loan Extended Note Trust, Series 2019-1A, Class A, 2.56%, 11/25/31⁽²⁾	$	1,054,600
	3,250,000	Toyota Auto Loan Extended Note Trust, Series 2020-1A, Class A, 1.35%, 5/25/33⁽²⁾		3,305,170
	1,080,146	Toyota Auto Receivables Owner Trust, Series 2019-A, Class A3, 2.91%, 7/17/23		1,094,359
	1,342,563	Toyota Auto Receivables Owner Trust, Series 2018-A, Class A4, 2.52%, 5/15/23		1,352,586
	771,051	Toyota Auto Receivables Owner Trust, Series 2018-D, Class A3, 3.18%, 3/15/23		778,951
	914,633	Toyota Auto Receivables Owner Trust, Series 2017-D, Class A4, 2.12%, 2/15/23		918,801
	1,700,000	Verizon Owner Trust, Series 2019-B, Class A1A, 2.33%, 12/20/23		1,718,684
	1,190,000	World Omni Auto Receivables Trust, Series 2018-B, Class A4, 3.03%, 6/17/24		1,215,404
	44,524	World Omni Auto Receivables Trust, Series 2018-B, Class A3, 2.87%, 7/17/23		44,862
	79,311	World Omni Auto Receivables Trust, Series 2018-A, Class A3, 2.50%, 4/17/23		79,767
	600,000	World Omni Automobile Lease Securitization Trust, Series 2019-B, Class A3, 2.03%, 11/15/22		605,150

TOTAL ASSET-BACKED SECURITIES (Cost $29,446,346)				29,177,282


COMMERCIAL MORTGAGE-BACKED SECURITIES 4.4%
	570,000	BANK, Series 2017-BNK8, Class ASB, 3.31%, 11/15/50		618,103
	250,000	BANK, Series 2017-BNK8, Class A4, 3.49%, 11/15/50		277,099
	1,640,000	BANK, Series 2019-BN16, Class A4, 4.01%, 2/15/52		1,880,292
	950,000	BANK, Series 2019-BN17, Class A4, 3.71%, 4/15/52		1,070,588
	1,000,000	BANK, Series 2020-BN30, Class A3, 1.65%, 12/15/53		979,587
	500,000	BANK, Series 2021-BN32, Class A2, 1.99%, 4/15/54		514,211
	500,000	BANK, Series 2019-BN24, Class A3, 2.96%, 11/15/62		538,745
	850,000	BANK, Series 2021-BN34, Class A4, 2.16%, 6/15/63		861,253
	700,000	BANK, Series 2021-BN33, Class A3, 2.02%, 5/15/64		708,645
	\ 292,621	Citigroup Commercial Mortgage Trust, Series 2014-GC25, Class AAB, 3.37%, 10/10/47		305,450
	100,000	COMM Mortgage Trust, Series 2013-CR6, Class A4, 3.10%, 3/10/46		102,594
	150,000	COMM Mortgage Trust, Series 2014-UBS2, Class AM, 4.20%, 3/10/47		160,687
	1,000,000	FHLMC, Series K056, Class A2, 2.53%, 5/25/26		1,067,043
	500,000	FHLMC Multifamily Structured Pass-Through Certificates, Series K035, Class A2, 3.46%, 8/25/23⁽³⁾		529,156
	600,000	FHLMC Multifamily Structured Pass-Through Certificates, Series K036, Class A2, 3.53%, 10/25/23⁽³⁾		638,331
	1,800,000	FHLMC Multifamily Structured Pass-Through Certificates, Series K037, Class A2, 3.49%, 1/25/24		1,921,858
	450,000	FHLMC Multifamily Structured Pass-Through Certificates, Series K728, Class A2, 3.06%, 8/25/24⁽³⁾		479,034
	1,580,000	FHLMC Multifamily Structured Pass-Through Certificates, Series K040, Class A2, 3.24%, 9/25/24		1,700,000
	500,000	FHLMC Multifamily Structured Pass-Through Certificates, Series K041, Class A2, 3.17%, 10/25/24		538,151
	850,000	FHLMC Multifamily Structured Pass-Through Certificates, Series K731, Class A2, 3.60%, 2/25/25⁽³⁾		919,788
	955,000	FHLMC Multifamily Structured Pass-Through Certificates, Series K049, Class A2, 3.01%, 7/25/25		1,031,160
	1,450,000	FHLMC Multifamily Structured Pass-Through Certificates, Series K733, Class A2, 3.75%, 8/25/25		1,596,067
	950,000	FHLMC Multifamily Structured Pass-Through Certificates, Series K052, Class A2, 3.15%, 11/25/25		1,035,639
	1,000,000	FHLMC Multifamily Structured Pass-Through Certificates, Series K054, Class A2, 2.75%, 1/25/26		1,075,684
	1,240,000	FHLMC Multifamily Structured Pass-Through Certificates, Series K055, Class A2, 2.67%, 3/25/26		1,329,751
	647,020	FHLMC Multifamily Structured Pass-Through Certificates, Series K058, Class A1, 2.34%, 7/25/26		678,153
	1,670,000	FHLMC Multifamily Structured Pass-Through Certificates, Series K058, Class A2, 2.65%, 8/25/26		1,795,896
	875,000	FHLMC Multifamily Structured Pass-Through Certificates, Series K061, Class A2, 3.35%, 11/25/26⁽³⁾		972,446

June 30, 2021

Principal Amount			Value
COMMERCIAL MORTGAGE-BACKED SECURITIES 4.4% (continued)
$	683,126	FHLMC Multifamily Structured Pass-Through Certificates, Series K066, Class A1, 2.80%, 12/25/26	$	729,215
	1,537,000	FHLMC Multifamily Structured Pass-Through Certificates, Series K062, Class A2, 3.41%, 12/25/26		1,714,801
	1,950,000	FHLMC Multifamily Structured Pass-Through Certificates, Series K063, Class A2, 3.43%, 1/25/27⁽³⁾		2,176,852
	1,580,000	FHLMC Multifamily Structured Pass-Through Certificates, Series K064, Class A2, 3.22%, 3/25/27		1,750,451
	1,750,000	FHLMC Multifamily Structured Pass-Through Certificates, Series K065, Class A2, 3.24%, 4/25/27		1,942,745
	2,625,000	FHLMC Multifamily Structured Pass-Through Certificates, Series K067, Class A2, 3.19%, 7/25/27		2,914,686
	750,000	FHLMC Multifamily Structured Pass-Through Certificates, Series K068, Class A2, 3.24%, 8/25/27		835,509
	870,438	FHLMC Multifamily Structured Pass-Through Certificates, Series K072, Class A1, 3.25%, 11/25/27		937,567
	250,000	FHLMC Multifamily Structured Pass-Through Certificates, Series K071, Class A2, 3.29%, 11/25/27		279,573
	696,034	FHLMC Multifamily Structured Pass-Through Certificates, Series K072, Class A2, 3.44%, 12/25/27		784,990
	1,850,000	FHLMC Multifamily Structured Pass-Through Certificates, Series K073, Class A2, 3.35%, 1/25/28		2,079,626
	750,000	FHLMC Multifamily Structured Pass-Through Certificates, Series K074, Class A2, 3.60%, 1/25/28		855,294
	2,965,000	FHLMC Multifamily Structured Pass-Through Certificates, Series K075, Class A2, 3.65%, 2/25/28⁽³⁾		3,391,510
	876,850	FHLMC Multifamily Structured Pass-Through Certificates, Series K079, Class A1, 3.73%, 2/25/28		974,455
	1,000,000	FHLMC Multifamily Structured Pass-Through Certificates, Series K076, Class A2, 3.90%, 4/25/28		1,159,737
	3,000,000	FHLMC Multifamily Structured Pass-Through Certificates, Series K077, Class A2, 3.85%, 5/25/28⁽³⁾		3,473,692
	1,818,565	FHLMC Multifamily Structured Pass-Through Certificates, Series K089, Class A1, 3.34%, 10/25/28		2,000,667
	3,000,000	FHLMC Multifamily Structured Pass-Through Certificates, Series K087, Class A2, 3.77%, 12/25/28		3,478,900
	1,400,000	FHLMC Multifamily Structured Pass-Through Certificates, Series K089, Class A2, 3.56%, 1/25/29		1,610,878
	925,000	FHLMC Multifamily Structured Pass-Through Certificates, Series K092, Class A2, 3.30%, 4/25/29		1,046,141
	2,924,922	FHLMC Multifamily Structured Pass-Through Certificates, Series K102, Class A1, 2.18%, 5/25/29		3,099,559
	1,944,497	FHLMC Multifamily Structured Pass-Through Certificates, Series K101, Class A1, 2.19%, 7/25/29		2,058,425
	1,000,000	FHLMC Multifamily Structured Pass-Through Certificates, Series K102, Class A2, 2.54%, 10/25/29		1,081,205
	550,000	FHLMC Multifamily Structured Pass-Through Certificates, Series K103, Class A2, 2.65%, 11/25/29		600,178
	750,000	FHLMC Multifamily Structured Pass-Through Certificates, Series K084, Class A2, 3.78%, 11/25/51⁽³⁾		864,832
	250,000	FREMF Mortgage Trust, Series 2013-K24, Class B, 3.63%, 11/25/45⁽²⁾⁽³⁾		258,476
	250,000	FREMF Mortgage Trust, Series 2014-K717, Class B, 3.71%, 11/25/47⁽²⁾⁽³⁾		250,585
	231,257	FREMF Mortgage Trust, Series 2015-K43, Class B, 3.86%, 2/25/48⁽²⁾⁽³⁾		250,766
	150,000	GNMA, Series 2013-12, Class B, 2.05%, 11/16/52⁽³⁾		152,325
	31,588	GS Mortgage Securities Trust, Series 2012-GCJ7, Class A4, 3.38%, 5/10/45		31,798
	500,000	JPMBB Commercial Mortgage Securities Trust, Series 2016-C1, Class A5, 3.58%, 3/15/49		547,717
	550,418	Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C26, Class A3, 3.21%, 10/15/48		578,226
	835,000	Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C26, Class A5, 3.53%, 10/15/48		907,555
	355,000	Morgan Stanley Capital I Trust, Series 2016-BNK2, Class A4, 3.05%, 11/15/49		383,054
	600,000	Morgan Stanley Capital I Trust, Series 2019-H6, Class A4, 3.42%, 6/15/52		662,560
	750,000	Morgan Stanley Capital I Trust, Series 2019-L3, Class ASB, 3.07%, 11/15/52		818,285
	1,550,000	Morgan Stanley Capital I Trust, Series 2019-L3, Class A4, 3.13%, 11/15/52		1,683,413
	390,000	UBS-Barclays Commercial Mortgage Trust, Series 2013-C5, Class A4, 3.18%, 3/10/46		402,003
	35,746	UBS-Citigroup Commercial Mortgage Trust, Series 2011-C1, Class A3, 3.60%, 1/10/45		35,855
	41,067	Wells Fargo Commercial Mortgage Trust, Series 2015-NXS1, Class A2, 2.63%, 5/15/48		41,057
	300,000	Wells Fargo Commercial Mortgage Trust, Series 2015-C28, Class A4, 3.54%, 5/15/48		326,267

Schedule of Investments (unaudited) (continued)

Principal Amount			Value
COMMERCIAL MORTGAGE-BACKED SECURITIES 4.4% (continued)
$	150,000	Wells Fargo Commercial Mortgage Trust, Series 2016-C34, Class A4, 3.10%, 6/15/49	$	157,801
	445,000	Wells Fargo Commercial Mortgage Trust, Series 2014-LC16, Class A5, 3.82%, 8/15/50		479,116
	55,530	Wells Fargo Commercial Mortgage Trust, Series 2017-C40, Class A1, 2.11%, 10/15/50		55,781
	650,000	Wells Fargo Commercial Mortgage Trust, Series 2019-C50, Class ASB, 3.64%, 5/15/52		721,158
	370,000	Wells Fargo Commercial Mortgage Trust, Series 2015-NXS2, Class A5, 3.77%, 7/15/58⁽³⁾		405,665
	223,867	WFRBS Commercial Mortgage Trust, Series 2011-C5, Class A4, 3.67%, 11/15/44		224,278
	43,219	WFRBS Commercial Mortgage Trust, Series 2012-C6, Class A4, 3.44%, 4/15/45		43,326
	300,000	WFRBS Commercial Mortgage Trust, Series 2012-C10, Class A3, 2.88%, 12/15/45		307,724
	355,111	WFRBS Commercial Mortgage Trust, Series 2014-C23, Class A4, 3.65%, 10/15/57		383,752

TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES (Cost $76,493,852)				77,275,442

CORPORATE BONDS & NOTES 10.9%
		BASIC MATERIALS 0.5%
	742,000	Air Products and Chemicals, Inc., Senior Unsecured Notes, 2.05%, 5/15/30		757,154
	750,000	Celanese U.S. Holdings LLC, Guaranteed Notes, 4.63%, 11/15/22		789,916
	800,000	Ecolab, Inc., Senior Unsecured Notes, 1.30%, 1/30/31		754,850
	750,000	FMC Corp., Senior Unsecured Notes, 3.45%, 10/1/29		816,136
	354,000	LYB International Finance B.V., Guaranteed Notes, 4.00%, 7/15/23		378,241
	625,000	LYB International Finance II B.V., Guaranteed Notes, 3.50%, 3/2/27		682,658
	150,000	NOVA Chemicals Corp., Senior Unsecured Notes, 5.25%, 6/1/27⁽²⁾		161,670
	400,000	Nutrien, Ltd., Senior Unsecured Notes, 1.90%, 5/13/23		409,703
	650,000	Nutrien, Ltd., Senior Unsecured Notes, 4.20%, 4/1/29		748,247
	770,000	Rio Tinto Finance USA PLC, Guaranteed Notes, 4.13%, 8/21/42		941,453
	900,000	Steel Dynamics, Inc., Senior Unsecured Notes, 3.25%, 1/15/31		966,716
	835,000	Teck Resources, Ltd., Senior Unsecured Notes, 6.13%, 10/1/35		1,076,472

				8,483,216


		COMMUNICATIONS 0.7%
	800,000	Alibaba Group Holding, Ltd., Senior Unsecured Notes, 3.60%, 11/28/24		870,470
	550,000	Amazon.com, Inc., Senior Unsecured Notes, 4.80%, 12/5/34		710,341
	250,000	Amazon.com, Inc., Senior Unsecured Notes, 2.50%, 6/3/50		236,434
	655,000	AT&T, Inc., Senior Unsecured Notes, 2.55%, 12/1/33⁽²⁾		649,798
	850,000	Baidu, Inc., Senior Unsecured Notes, 4.38%, 5/14/24		924,876
	900,000	Charter Communications Operating LLC/Charter Communications Operating Capital, Senior Secured Notes, 4.91%, 7/23/25		1,019,965
	300,000	Comcast Corp., Guaranteed Notes, 3.95%, 10/15/25		336,268
	475,000	Comcast Corp., Guaranteed Notes, 4.15%, 10/15/28		550,701
	600,000	Discovery Communications LLC, Guaranteed Notes, 4.90%, 3/11/26		684,399
	800,000	Expedia Group, Inc., Guaranteed Notes, 3.25%, 2/15/30		836,465
	750,000	Motorola Solutions, Inc., Senior Unsecured Notes, 4.60%, 5/23/29		875,224
	525,000	Netflix, Inc., Senior Unsecured Notes, 4.88%, 4/15/28		609,656
	660,000	T-Mobile USA, Inc., Guaranteed Notes, 2.25%, 2/15/26		664,950
	750,000	VeriSign, Inc., Senior Unsecured Notes, 2.70%, 6/15/31		761,948
	675,000	Verizon Communications, Inc., Senior Unsecured Notes, 4.50%, 8/10/33		807,460
	525,000	Vodafone Group PLC, Senior Unsecured Notes, 4.25%, 9/17/50		613,677
	850,000	Walt Disney Co. (The), Guaranteed Notes, 2.65%, 1/13/31		893,171

				12,045,803

		CONSUMER, CYCLICAL 0.8%
	1,000,000	American Honda Finance Corp. MTN, Senior Unsecured Notes, 1.00%, 9/10/25		999,032

June 30, 2021

Principal Amount			Value
CORPORATE BONDS & NOTES 10.9% (continued)
$	825,000	AutoZone, Inc., Senior Unsecured Notes, 3.75%, 6/1/27	$	921,808
		CONSUMER, CYCLICAL 0.8% (continued)
	800,000	Choice Hotels International, Inc., Senior Unsecured Notes, 3.70%, 12/1/29		866,008
	750,000	Costco Wholesale Corp., Senior Unsecured Notes, 1.75%, 4/20/32⁽⁴⁾		739,588
	950,000	Cummins, Inc., Senior Unsecured Notes, 1.50%, 9/1/30		917,760
	775,000	D.R. Horton, Inc., Guaranteed Notes, 2.50%, 10/15/24		812,393
	875,000	Ford Motor Credit Co. LLC, Senior Unsecured Notes, 3.38%, 11/13/25		906,719
	811,000	General Motors Financial Co., Inc., Guaranteed Notes, 3.70%, 5/9/23		851,337
	750,000	Lennar Corp., Guaranteed Notes, 4.88%, 12/15/23		816,368
	750,000	Lowe's Cos., Inc., Senior Unsecured Notes, 1.70%, 10/15/30		719,798
	750,000	NIKE, Inc., Senior Unsecured Notes, 2.38%, 11/1/26		798,488
	850,000	O'Reilly Automotive, Inc., Senior Unsecured Notes, 3.60%, 9/1/27		951,963
	733,000	PulteGroup, Inc., Guaranteed Notes, 5.00%, 1/15/27⁽⁴⁾		855,675
	500,000	Starbucks Corp., Senior Unsecured Notes, 3.75%, 12/1/47		550,571
	335,000	Toll Brothers Finance Corp., Guaranteed Notes, 4.88%, 11/15/25		375,992
	500,000	Toyota Motor Credit Corp. GMTN, Senior Unsecured Notes, 3.45%, 9/20/23		531,499
	750,000	Whirlpool Corp., Senior Unsecured Notes, 4.75%, 2/26/29		888,938

				13,503,937


		CONSUMER, NON-CYCLICAL 2.1%
	976,000	Abbott Laboratories, Senior Unsecured Notes, 3.75%, 11/30/26		1,102,727
	760,000	AbbVie, Inc., Senior Unsecured Notes, 2.95%, 11/21/26		817,517
	800,000	Amgen, Inc., Senior Unsecured Notes, 2.20%, 2/21/27		831,185
	750,000	Anheuser-Busch InBev Worldwide, Inc., Guaranteed Notes, 4.90%, 1/23/31⁽⁴⁾		923,588
	850,000	Anthem, Inc., Senior Unsecured Notes, 3.35%, 12/1/24		917,150
	1,000,000	AstraZeneca PLC, Senior Unsecured Notes, 1.38%, 8/6/30⁽⁴⁾		948,446
	750,000	Baxter International, Inc., Senior Unsecured Notes, 2.60%, 8/15/26		798,634
	750,000	Becton Dickinson and Co., Senior Unsecured Notes, 3.70%, 6/6/27		833,799
	850,000	Boston Scientific Corp., Senior Unsecured Notes, 3.75%, 3/1/26		942,845
	875,000	Bunge, Ltd. Finance Corp., Guaranteed Notes, 3.25%, 8/15/26		945,656
	850,000	Centene Corp., Senior Unsecured Notes, 4.63%, 12/15/29		934,805
	400,000	Cigna Corp., Guaranteed Notes, 3.40%, 3/1/27		438,939
	500,000	Cigna Corp., Senior Unsecured Notes, 2.40%, 3/15/30		510,613
	400,000	Clorox Co. (The), Senior Unsecured Notes, 3.05%, 9/15/22		410,229
	400,000	Clorox Co. (The), Senior Unsecured Notes, 1.80%, 5/15/30		393,284
	750,000	Coca-Cola Co. (The), Senior Unsecured Notes, 1.45%, 6/1/27		757,729
	700,000	Coca-Cola Femsa S.A.B. de C.V., Guaranteed Notes, 2.75%, 1/22/30		730,471
	850,000	Conagra Brands, Inc., Senior Unsecured Notes, 1.38%, 11/1/27		829,953
	500,000	Constellation Brands, Inc., Senior Unsecured Notes, 2.88%, 5/1/30		524,866
	150,000	Constellation Brands, Inc., Guaranteed Notes, 5.25%, 11/15/48		200,709
	750,000	CVS Health Corp., Senior Unsecured Notes, 1.75%, 8/21/30		723,713
	750,000	Danaher Corp., Senior Unsecured Notes, 3.35%, 9/15/25⁽⁴⁾		821,931
	500,000	Eli Lilly and Co., Senior Unsecured Notes, 2.25%, 5/15/50⁽⁴⁾		453,894
	575,000	Gilead Sciences, Inc., Senior Unsecured Notes, 3.25%, 9/1/22		591,393
	300,000	Global Payments, Inc., Senior Unsecured Notes, 4.80%, 4/1/26		343,201
	750,000	Global Payments, Inc., Senior Unsecured Notes, 2.90%, 5/15/30		782,205
	750,000	HCA, Inc., Guaranteed Notes, 5.38%, 2/1/25		846,000
	450,000	Humana, Inc., Senior Unsecured Notes, 3.95%, 3/15/27		504,933
	250,000	Humana, Inc., Senior Unsecured Notes, 3.13%, 8/15/29		269,359
	750,000	Illumina, Inc., Senior Unsecured Notes, 2.55%, 3/23/31		762,187
	1,000,000	Johnson & Johnson, Senior Unsecured Notes, 1.30%, 9/1/30⁽⁴⁾		971,046
	725,000	Keurig Dr. Pepper, Inc., Guaranteed Notes, 3.20%, 5/1/30		784,470
	800,000	Kroger Co. (The), Senior Unsecured Notes, 2.65%, 10/15/26		849,496
	875,000	Laboratory Corp. of America Holdings, Senior Unsecured Notes, 2.95%, 12/1/29		922,259
	800,000	McKesson Corp., Senior Unsecured Notes, 0.90%, 12/3/25		788,580
	400,000	Merck & Co., Inc., Senior Unsecured Notes, 2.75%, 2/10/25		426,270
	500,000	Merck & Co., Inc., Senior Unsecured Notes, 3.90%, 3/7/39		592,541
	775,000	Mondelez International, Inc., Senior Unsecured Notes, 1.50%, 2/4/31⁽⁴⁾		733,346
	500,000	Novartis Capital Corp., Guaranteed Notes, 2.75%, 8/14/50⁽⁴⁾		503,188

Schedule of Investments (unaudited) (continued)

Principal Amount			Value
CORPORATE BONDS & NOTES 10.9% (continued)
		CONSUMER, NON-CYCLICAL 2.1% (continued)
$	800,000	PayPal Holdings, Inc., Senior Unsecured Notes, 2.65%, 10/1/26	$	859,518
	500,000	PepsiCo, Inc., Senior Unsecured Notes, 2.88%, 10/15/49		516,178
	750,000	Quest Diagnostics, Inc., Senior Unsecured Notes, 2.80%, 6/30/31		783,776
	800,000	Regeneron Pharmaceuticals, Inc., Senior Unsecured Notes, 1.75%, 9/15/30		758,873
	500,000	Sanofi, Senior Unsecured Notes, 3.38%, 6/19/23		528,685
	500,000	Service Corp. International, Senior Unsecured Notes, 4.00%, 5/15/31		510,338
	300,000	Sysco Corp., Guaranteed Notes, 5.65%, 4/1/25		347,650
	500,000	Sysco Corp., Guaranteed Notes, 2.40%, 2/15/30		508,220
	880,000	Takeda Pharmaceutical Co., Ltd., Senior Unsecured Notes, 3.03%, 7/9/40		889,976
	650,000	Teva Pharmaceutical Finance Netherlands III BV, Guaranteed Notes, 2.80%, 7/21/23		647,719
	750,000	Thermo Fisher Scientific, Inc., Senior Unsecured Notes, 4.13%, 3/25/25		831,810
	550,000	United Rentals North America, Inc., Guaranteed Notes, 5.50%, 5/15/27		583,000
	500,000	UnitedHealth Group, Inc., Senior Unsecured Notes, 4.63%, 11/15/41		637,713
	750,000	Utah Acquisition Sub, Inc., Guaranteed Notes, 3.95%, 6/15/26		826,495
	750,000	Zoetis, Inc., Senior Unsecured Notes, 4.50%, 11/13/25		850,218

				37,543,326


		ENERGY 1.0%
	875,000	Boardwalk Pipelines L.P., Guaranteed Notes, 4.95%, 12/15/24		977,918
	875,000	Canadian Natural Resources, Ltd., Senior Unsecured Notes, 2.05%, 7/15/25		899,333
	975,000	ConocoPhillips Co., Guaranteed Notes, 4.95%, 3/15/26		1,132,650
	800,000	Diamondback Energy, Inc., Guaranteed Notes, 2.88%, 12/1/24		844,960
	750,000	Enbridge, Inc., Guaranteed Notes, 2.50%, 8/1/33		751,114
	655,000	Enterprise Products Operating LLC, Guaranteed Notes, 4.85%, 8/15/42		802,156
	750,000	EOG Resources, Inc., Senior Unsecured Notes, 4.38%, 4/15/30⁽⁴⁾		888,733
	500,000	Equinor ASA, Guaranteed Notes, 3.25%, 11/18/49		531,222
	700,000	Hess Corp., Senior Unsecured Notes, 4.30%, 4/1/27		779,445
	750,000	Kinder Morgan, Inc., Guaranteed Notes, 4.30%, 3/1/28		856,741
	495,000	Magellan Midstream Partners L.P., Senior Unsecured Notes, 4.25%, 9/15/46		559,036
	575,000	Marathon Oil Corp., Senior Unsecured Notes, 3.85%, 6/1/25		626,428
	400,000	Marathon Petroleum Corp., Senior Unsecured Notes, 5.13%, 12/15/26		470,542
	625,000	Occidental Petroleum Corp., Senior Unsecured Notes, 5.50%, 12/1/25		690,116
	700,000	ONEOK, Inc., Guaranteed Notes, 3.40%, 9/1/29		745,828
	300,000	Phillips 66, Guaranteed Notes, 1.30%, 2/15/26		299,920
	500,000	Phillips 66, Guaranteed Notes, 3.90%, 3/15/28		561,322
	850,000	Schlumberger Finance Canada, Ltd., Guaranteed Notes, 1.40%, 9/17/25⁽⁴⁾		859,716
	850,000	Shell International Finance B.V., Guaranteed Notes, 2.38%, 11/7/29		882,502
	850,000	Spectra Energy Partners L.P., Guaranteed Notes, 4.75%, 3/15/24		932,953
	800,000	Suncor Energy, Inc., Senior Unsecured Notes, 3.10%, 5/15/25		855,071
	750,000	TotalEnergies Capital International SA, Guaranteed Notes, 3.46%, 2/19/29		835,629
	300,000	TransCanada PipeLines, Ltd., Senior Unsecured Notes, 4.25%, 5/15/28		344,863
	400,000	TransCanada PipeLines, Ltd., Senior Unsecured Notes, 4.88%, 5/15/48		505,897
	350,000	Valero Energy Corp., Senior Unsecured Notes, 6.63%, 6/15/37		480,149

				18,114,244

		FINANCIAL 3.2%
	775,000	AerCap Ireland Capital DAC/AerCap Global Aviation Trust, Guaranteed Notes, 1.75%, 1/30/26		765,767
	500,000	Aflac, Inc., Senior Unsecured Notes, 3.25%, 3/17/25		540,283
	375,000	Aflac, Inc., Senior Unsecured Notes, 3.60%, 4/1/30		422,856
	350,000	Air Lease Corp., Senior Unsecured Notes, 3.63%, 4/1/27		375,907
	500,000	Air Lease Corp., Senior Unsecured Notes, 4.63%, 10/1/28		563,764
	700,000	Allstate Corp. (The), Senior Unsecured Notes, 1.45%, 12/15/30		667,725
	600,000	Ally Financial, Inc., Senior Unsecured Notes, 5.13%, 9/30/24		675,999
	825,000	American Express Co., Senior Unsecured Notes, 3.13%, 5/20/26⁽⁴⁾		901,886
	750,000	American International Group, Inc., Senior Unsecured Notes, 4.88%, 6/1/22		780,670

June 30, 2021

Principal Amount			Value
CORPORATE BONDS & NOTES 10.9% (continued)
		FINANCIAL 3.2% (continued)
$	800,000	American Tower Corp., Senior Unsecured Notes, 2.95%, 1/15/25	$	850,820
	750,000	Aon Corp., Guaranteed Notes, 3.75%, 5/2/29		844,710
	250,000	Australia & New Zealand Banking Group Ltd., Subordinated Notes, 4.50%, 3/19/24⁽²⁾		273,545
	500,000	AvalonBay Communities, Inc. GMTN, Senior Unsecured Notes, 3.45%, 6/1/25		546,998
	400,000	AvalonBay Communities, Inc. MTN, Senior Unsecured Notes, 2.45%, 1/15/31		410,731
	884,000	Bank of America Corp. MTN, Senior Unsecured Notes, 4.00%, 4/1/24		964,445
	750,000	Bank of Montreal, Series E, Senior Unsecured Notes, 3.30%, 2/5/24		803,191
	750,000	Bank of New York Mellon Corp. (The) MTN, Senior Unsecured Notes, 1.60%, 4/24/25		770,412
	950,000	Bank of Nova Scotia (The), Senior Unsecured Notes, 2.70%, 8/3/26		1,017,121
	775,000	Barclays PLC, Senior Unsecured Notes, 4.34%, 1/10/28		866,962
	750,000	Berkshire Hathaway Finance Corp., Guaranteed Notes, 1.85%, 3/12/30⁽⁴⁾		759,197
	775,000	BlackRock, Inc., Senior Unsecured Notes, 2.40%, 4/30/30⁽⁴⁾		811,685
	750,000	Brookfield Finance, Inc., Guaranteed Notes, 2.72%, 4/15/31		772,949
	750,000	Canadian Imperial Bank of Commerce, Senior Unsecured Notes, 2.25%, 1/28/25		784,830
	700,000	Chubb INA Holdings, Inc., Guaranteed Notes, 3.35%, 5/3/26		769,463
	625,000	CIT Group, Inc., Senior Unsecured Notes, (SOFR + 3.83%), 3.93%, 6/19/24⁽³⁾		658,594
	500,000	Citigroup, Inc., Senior Unsecured Notes, (3-month LIBOR + 0.90%), 3.35%, 4/24/25⁽³⁾		532,815
	503,000	Citigroup, Inc., Subordinated Notes, 5.30%, 5/6/44		677,361
	750,000	CNA Financial Corp., Senior Unsecured Notes, 3.95%, 5/15/24		811,556
	625,000	Comerica, Inc., Senior Unsecured Notes, 4.00%, 2/1/29		717,693
	750,000	Cooperatieve Rabobank UA MTN, Senior Unsecured Notes, 3.38%, 5/21/25		819,717
	500,000	Crown Castle International Corp., Senior Unsecured Notes, 3.80%, 2/15/28		555,968
	500,000	Digital Realty Trust L.P., Guaranteed Notes, 3.60%, 7/1/29		555,964
	500,000	Discover Bank, Senior Unsecured Notes, 2.70%, 2/6/30⁽⁴⁾		523,326
	725,000	Discover Financial Services, Senior Unsecured Notes, 3.95%, 11/6/24		790,166
	500,000	Duke Realty L.P., Senior Unsecured Notes, 4.00%, 9/15/28		569,316
	750,000	Equinix, Inc., Senior Unsecured Notes, 3.20%, 11/18/29		805,234
	650,000	Equitable Holdings, Inc., Senior Unsecured Notes, 4.35%, 4/20/28		745,832
	375,000	Essex Portfolio L.P., Guaranteed Notes, 4.00%, 3/1/29		423,480
	250,000	Essex Portfolio L.P., Guaranteed Notes, 3.00%, 1/15/30		263,250
	775,000	Fifth Third Bancorp, Senior Unsecured Notes, 3.65%, 1/25/24		830,150
	700,000	Goldman Sachs Group, Inc. (The), Senior Unsecured Notes, 3.75%, 2/25/26		774,709
	175,000	Goldman Sachs Group, Inc. (The), Subordinated Notes, 6.75%, 10/1/37		254,839
	850,000	Hartford Financial Services Group, Inc. (The), Senior Unsecured Notes, 2.80%, 8/19/29⁽⁴⁾		893,214
	900,000	HSBC Holdings PLC, Senior Unsecured Notes, 3.90%, 5/25/26		1,001,349
	250,000	Huntington Bancshares, Inc., Senior Unsecured Notes, 2.63%, 8/6/24		264,040
	500,000	Huntington Bancshares, Inc., Senior Unsecured Notes, 2.55%, 2/4/30		520,892
	825,000	ING Groep N.V., Senior Unsecured Notes, 3.95%, 3/29/27		928,818
	500,000	JPMorgan Chase & Co., Subordinated Notes, 4.13%, 12/15/26		565,942
	300,000	JPMorgan Chase & Co., Senior Unsecured Notes, (3-month LIBOR + 1.38%), 3.96%, 11/15/48⁽³⁾		352,310
	800,000	KeyCorp MTN, Senior Unsecured Notes, 2.55%, 10/1/29		837,971
	775,000	Life Storage L.P., Guaranteed Notes, 2.20%, 10/15/30		766,251
	800,000	Lloyds Banking Group PLC, Senior Unsecured Notes, 3.90%, 3/12/24		866,973
	500,000	Morgan Stanley, Subordinated Notes, 4.88%, 11/1/22		528,217
	300,000	Morgan Stanley, Series F, Senior Unsecured Notes, 3.88%, 4/29/24		326,326
	500,000	National Australia Bank, Ltd., Senior Unsecured Notes, 1.88%, 12/13/22		511,470
	250,000	National Australia Bank, Ltd., Senior Unsecured Notes, 2.50%, 7/12/26		266,160
	750,000	Northern Trust Corp., Senior Unsecured Notes, 3.15%, 5/3/29		825,142
	250,000	ORIX Corp., Senior Unsecured Notes, 3.25%, 12/4/24		269,581
	500,000	PartnerRe Finance B LLC, Guaranteed Notes, 3.70%, 7/2/29⁽⁴⁾		555,278
	500,000	PNC Bank NA, Subordinated Notes, 2.95%, 1/30/23		518,976
	750,000	Principal Financial Group, Inc., Guaranteed Notes, 3.70%, 5/15/29		841,121
	250,000	Prologis L.P., Guaranteed Notes, 3.88%, 9/15/28		286,409
	500,000	Prologis L.P., Senior Unsecured Notes, 2.25%, 4/15/30		511,235

Schedule of Investments (unaudited) (continued)

Principal Amount			Value
CORPORATE BONDS & NOTES 10.9% (continued)
		FINANCIAL 3.2% (continued)
$	500,000	Prudential Financial, Inc., Junior Subordinated Notes, (3-month LIBOR + 2.67%), 5.70%, 9/15/48⁽³⁾⁽⁴⁾	$	586,523
	250,000	Prudential Financial, Inc. MTN, Senior Unsecured Notes, 3.50%, 5/15/24		270,745
	750,000	Regions Financial Corp., Senior Unsecured Notes, 2.25%, 5/18/25		781,249
	500,000	Reinsurance Group of America, Inc., Senior Unsecured Notes, 3.90%, 5/15/29		559,428
	250,000	Royal Bank of Canada GMTN, Senior Unsecured Notes, 1.95%, 1/17/23		256,180
	688,000	Royal Bank of Canada GMTN, Subordinated Notes, 4.65%, 1/27/26		788,556
	750,000	Sabra Health Care L.P., Guaranteed Notes, 3.90%, 10/15/29		793,349
	700,000	Santander Holdings USA, Inc., Senior Unsecured Notes, 3.50%, 6/7/24		748,508
	750,000	State Street Corp., Senior Unsecured Notes, 2.40%, 1/24/30		781,864
	700,000	Stifel Financial Corp., Senior Unsecured Notes, 4.25%, 7/18/24		766,991
	250,000	Sumitomo Mitsui Financial Group, Inc., Senior Unsecured Notes, 3.75%, 7/19/23		266,573
	250,000	Sumitomo Mitsui Financial Group, Inc., Senior Unsecured Notes, 3.04%, 7/16/29		268,557
	500,000	Synchrony Financial, Senior Unsecured Notes, 2.85%, 7/25/22		511,786
	360,000	Synchrony Financial, Senior Unsecured Notes, 4.25%, 8/15/24		393,411
	750,000	Toronto-Dominion Bank (The) MTN, Senior Unsecured Notes, 1.15%, 6/12/25		755,678
	750,000	Truist Bank, Subordinated Notes, (5-year Treasury Constant Maturity Rate + 1.15%), 2.64%, 9/17/29⁽³⁾		785,317
	500,000	US Bancorp MTN, Subordinated Notes, 3.60%, 9/11/24		544,960
	350,000	Ventas Realty L.P., Guaranteed Notes, 3.50%, 4/15/24		374,576
	350,000	Ventas Realty L.P., Guaranteed Notes, 4.40%, 1/15/29		401,861
	800,000	Visa, Inc., Senior Unsecured Notes, 2.05%, 4/15/30		822,862
	500,000	Wells Fargo & Co., Series M, Subordinated Notes, 3.45%, 2/13/23		524,140
	750,000	Welltower, Inc., Senior Unsecured Notes, 4.25%, 4/15/28		860,412
	500,000	Westpac Banking Corp., Senior Unsecured Notes, 3.30%, 2/26/24		535,797
	100,000	Weyerhaeuser Co., Senior Unsecured Notes, 6.95%, 10/1/27		129,309
	650,000	Weyerhaeuser Co., Senior Unsecured Notes, 4.00%, 11/15/29		739,104
	750,000	Willis North America, Inc., Guaranteed Notes, 2.95%, 9/15/29		788,267
	750,000	Zions Bancorp NA, Subordinated Notes, 3.25%, 10/29/29		786,784

				56,512,348

		INDUSTRIAL 0.9%
	750,000	Agilent Technologies, Inc., Senior Unsecured Notes, 2.10%, 6/4/30		742,727
	625,000	Ball Corp., Guaranteed Notes, 4.88%, 3/15/26		696,100
	500,000	Carlisle Cos., Inc., Senior Unsecured Notes, 2.75%, 3/1/30⁽⁴⁾		520,672
	450,000	CSX Corp., Senior Unsecured Notes, 3.35%, 9/15/49		477,549
	800,000	Flex, Ltd., Senior Unsecured Notes, 4.75%, 6/15/25		893,046
	750,000	Honeywell International, Inc., Senior Unsecured Notes, 1.95%, 6/1/30		762,720
	300,000	Ingersoll-Rand Luxembourg Finance S.A., Guaranteed Notes, 3.80%, 3/21/29		338,908
	250,000	Ingersoll-Rand Luxembourg Finance S.A., Guaranteed Notes, 4.50%, 3/21/49		314,187
	250,000	Jabil, Inc., Senior Unsecured Notes, 1.70%, 4/15/26		252,004
	500,000	Jabil, Inc., Senior Unsecured Notes, 3.60%, 1/15/30		541,553
	650,000	John Deere Capital Corp. MTN, Senior Unsecured Notes, 2.45%, 1/9/30		685,178
	625,000	Johnson Controls International PLC/Tyco Fire & Security Finance SCA, Senior Unsecured Notes, 1.75%, 9/15/30		602,568
	675,000	Keysight Technologies, Inc., Senior Unsecured Notes, 3.00%, 10/30/29		714,345
	650,000	L3Harris Technologies, Inc., Senior Unsecured Notes, 4.40%, 6/15/28		755,157
	750,000	Masco Corp., Senior Unsecured Notes, 2.00%, 10/1/30		731,604
	450,000	Norfolk Southern Corp., Senior Unsecured Notes, 4.10%, 5/15/49		528,827
	278,000	Owens Corning, Senior Unsecured Notes, 3.40%, 8/15/26		301,557
	500,000	Owens Corning, Senior Unsecured Notes, 3.95%, 8/15/29		565,364
	350,000	Packaging Corp. of America, Senior Unsecured Notes, 3.65%, 9/15/24		378,018
	250,000	Packaging Corp. of America, Senior Unsecured Notes, 3.00%, 12/15/29		265,940
	835,000	Teledyne Technologies, Inc., Senior Unsecured Notes, 1.60%, 4/1/26		837,262
	450,000	Textron, Inc., Senior Unsecured Notes, 3.88%, 3/1/25		489,914

June 30, 2021

Principal Amount			Value
CORPORATE BONDS & NOTES 10.9% (continued)
		INDUSTRIAL 0.9% (continued)
$	500,000	Union Pacific Corp., Senior Unsecured Notes, 3.25%, 2/5/50	$	527,743
	875,000	United Parcel Service, Inc., Senior Unsecured Notes, 2.50%, 9/1/29		928,907
	500,000	United Technologies Corp., Senior Unsecured Notes, 4.13%, 11/16/28		575,767
	750,000	Vulcan Materials Co., Senior Unsecured Notes, 3.50%, 6/1/30		827,568
	450,000	WRKCo, Inc., Guaranteed Notes, 3.90%, 6/1/28		508,486

				15,763,671

		TECHNOLOGY 0.9%
	750,000	Adobe, Inc., Senior Unsecured Notes, 2.30%, 2/1/30		781,705
	250,000	Apple, Inc., Senior Unsecured Notes, 2.70%, 5/13/22		255,343
	500,000	Apple, Inc., Senior Unsecured Notes, 3.75%, 11/13/47		586,193
	800,000	Applied Materials, Inc., Senior Unsecured Notes, 1.75%, 6/1/30		795,007
	750,000	Broadridge Financial Solutions, Inc., Senior Unsecured Notes, 2.90%, 12/1/29		793,799
	500,000	Citrix Systems, Inc., Senior Unsecured Notes, 4.50%, 12/1/27		567,036
	750,000	Electronic Arts, Inc., Senior Unsecured Notes, 4.80%, 3/1/26		864,614
	725,000	Fiserv, Inc., Senior Unsecured Notes, 3.50%, 7/1/29		798,485
	750,000	HP, Inc., Senior Unsecured Notes, 3.00%, 6/17/27		803,581
	750,000	International Business Machines Corp., Senior Unsecured Notes, 1.70%, 5/15/27		760,022
	700,000	Intuit, Inc., Senior Unsecured Notes, 1.65%, 7/15/30		687,745
	500,000	KLA Corp., Senior Unsecured Notes, 4.65%, 11/1/24		558,204
	350,000	KLA Corp., Senior Unsecured Notes, 4.10%, 3/15/29		404,398
	700,000	Lam Research Corp., Senior Unsecured Notes, 4.00%, 3/15/29		812,933
	850,000	Micron Technology, Inc., Senior Unsecured Notes, 2.50%, 4/24/23		878,485
	825,000	Microsoft Corp., Senior Unsecured Notes, 2.40%, 8/8/26		879,733
	850,000	NetApp, Inc., Senior Unsecured Notes, 1.88%, 6/22/25		874,770
	850,000	NVIDIA Corp., Senior Unsecured Notes, 2.85%, 4/1/30		921,046
	700,000	Oracle Corp., Senior Unsecured Notes, 2.95%, 4/1/30		738,141
	675,000	Roper Technologies, Inc., Senior Unsecured Notes, 2.00%, 6/30/30		665,442
	750,000	salesforce.com, Inc., Senior Unsecured Notes, 2.70%, 7/15/41		755,494
	750,000	Xilinx, Inc., Senior Unsecured Notes, 2.38%, 6/1/30⁽⁴⁾		763,186

				15,945,362

		UTILITIES 0.8%
	775,000	American Water Capital Corp., Senior Unsecured Notes, 3.75%, 9/1/28		876,657
	500,000	Baltimore Gas & Electric Co., Senior Unsecured Notes, 3.20%, 9/15/49		523,406
	350,000	CenterPoint Energy, Inc., Senior Unsecured Notes, 4.25%, 11/1/28		400,648
	300,000	CenterPoint Energy, Inc., Senior Unsecured Notes, 2.95%, 3/1/30		315,479
	500,000	Consolidated Edison Co. of New York, Inc., Senior Unsecured Notes, 4.50%, 12/1/45		603,768
	300,000	Dominion Energy, Inc., Senior Unsecured Notes, 4.25%, 6/1/28		344,670
	350,000	DTE Electric Co., 3.95%, 3/1/49		423,420
	500,000	DTE Energy Co., Senior Unsecured Notes, 2.95%, 3/1/30		528,082
	500,000	Duke Energy Carolinas LLC, 2.45%, 2/1/30		516,924
	450,000	Duke Energy Corp., Senior Unsecured Notes, 3.75%, 9/1/46		480,978
	850,000	Entergy Corp., Senior Unsecured Notes, 0.90%, 9/15/25		838,990
	700,000	Eversource Energy, Series R, Senior Unsecured Notes, 1.65%, 8/15/30⁽⁴⁾		670,698
	150,000	Florida Power & Light Co., 4.95%, 6/1/35		197,385
	240,000	Florida Power & Light Co., 4.05%, 6/1/42		292,173
	750,000	Georgia Power Co., Series B, Senior Unsecured Notes, 2.65%, 9/15/29		787,200
	750,000	ITC Holdings Corp., Senior Unsecured Notes, 3.25%, 6/30/26		812,650
	458,000	National Fuel Gas Co., Senior Unsecured Notes, 5.20%, 7/15/25		516,125
	775,000	Nevada Power Co., Series DD, 2.40%, 5/1/30		792,458
	575,000	Northern States Power Co., 2.90%, 3/1/50		587,041
	500,000	Oklahoma Gas & Electric Co., Senior Unsecured Notes, 3.30%, 3/15/30		544,314
	750,000	Pinnacle West Capital Corp., Senior Unsecured Notes, 1.30%, 6/15/25		754,673
	500,000	Public Service Enterprise Group, Inc., Senior Unsecured Notes, 2.88%, 6/15/24		530,220
	250,000	Public Service Enterprise Group, Inc., Senior Unsecured Notes, 1.60%, 8/15/30		237,183
	325,000	Sempra Energy, Senior Unsecured Notes, 4.00%, 2/1/48		364,817

Schedule of Investments (unaudited) (continued)

Principal Amount			Value
	CORPORATE BONDS & NOTES 10.9% (continued)
		UTILITIES 0.8% (continued)
$	600,000	WEC Energy Group, Inc., Senior Unsecured Notes, 1.80%, 10/15/30	$	576,211
				13,516,170
TOTAL CORPORATE BONDS & NOTES (Cost $185,637,411)				191,428,077

	FOREIGN GOVERNMENT OBLIGATIONS 0.1%
	300,000	European Bank for Reconstruction & Development GMTN, Senior Unsecured Notes, 2.75%, 3/7/23		312,405
	300,000	Export-Import Bank of Korea, Senior Unsecured Notes, 1.13%, 12/29/26		298,778
	250,000	Panama Government International Bond, Senior Unsecured Notes, 4.00%, 9/22/24		272,190
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $852,498)				883,373

	LONG-TERM MUNICIPAL SECURITIES 1.2%
		CALIFORNIA 0.4%
	750,000	California Infrastructure & Economic Development Bank, Revenue Bonds, Series A, 1.84%, 10/1/31		749,021
	100,000	California State, Build America Bonds, General Obligation Unlimited, AGM Insured, 6.88%, 11/1/26		130,599
	675,000	California State, General Obligation Unlimited, Ser. A, 3.05%, 4/1/29		742,357
	500,000	City & County of San Francisco CA, General Obligation Limited, 2.60%, 6/15/37		505,326
	250,000	City of Oakland, California Taxable Pension, Revenue Bonds, 4.68%, 12/15/25		284,115
	500,000	City of Pasadena CA, Refunding Revenue Bonds, Ser. B, 2.77%, 5/1/34		524,747
	710,000	City of San Francisco CA, Public Utilities Commission Water Revenue Bonds, Series H, 1.34%, 11/1/27		706,605
	650,000	Municipal Improvement Corp. of Los Angeles Revenue Bonds, Series C, 1.88%, 11/1/30		637,063
	325,000	Palm Desert Redevelopment Agency Successor Agency, Refunding Revenue Bonds, Ser. A, BAM Insured, 4.00%, 10/1/31		362,925
	330,000	San Francisco Bay Area Rapid Transit District, Revenue Bonds, Series B, 4.09%, 7/1/32		342,607
	300,000	San Francisco City & County Airport Comm-San Francisco International Airport, Revenue Bonds, Series F, 3.80%, 5/1/27		335,658
	450,000	San Marcos California Unified School District, Refunding Revenue Bonds, 3.17%, 8/1/38		465,585
	100,000	State of California Department of Water Resources, Revenue Bonds, 1.41%, 12/1/29		98,833
	140,000	State of California, Build America Bonds, General Obligation Unlimited, 5.70%, 11/1/21		142,544
	100,000	University of California, Taxable General Revenue Bonds, Series AC, 4.80%, 5/15/31		116,260
				6,144,245
		COLORADO 0.0%
	295,000	Denver City & County School District No. 1, Certificate Participation, Series B, 3.45%, 12/15/26		327,689
		DISTRICT OF COLUMBIA 0.0%
	450,000	District of Columbia Income Tax Secured Revenue Bonds, Build America Bonds, 4.91%, 12/1/23		497,455
		FLORIDA 0.0%
	500,000	City of Tampa FL Water & Wastewater System, Refunding Revenue Bonds, Series B, 1.42%, 10/1/30		491,268
		HAWAII 0.1%
	440,000	City & County Honolulu HI Wastewater System, First Bond Resolution, Refunding Revenue Bonds, Ser. C, 2.65%, 7/1/30		471,080
	750,000	State of Hawaii, General Obligation Unlimited, Series FZ, 1.98%, 8/1/34		745,105
				1,216,185

		KANSAS 0.0%
	375,000	Leavenworth County Unified School District No. 469, General Obligation Limited, BAM Insured, 2.87%, 9/1/38		384,942

June 30, 2021

Principal Amount			Value
	LONG-TERM MUNICIPAL SECURITIES 1.2% (continued)
		KANSAS 0.0% (continued)
$	750,000	Kentucky State Property & Building Commission, Revenue Bonds, Series D, 2.57%, 11/1/28	$	787,581
				1,172,523
		LOUISIANA 0.0%
	200,000	East Baton Rouge Sewerage Commission, Taxable Refunding Revenue Bonds, Series A, 3.65%, 2/1/28		220,114
		MARYLAND 0.0%
	500,000	County of Baltimore MD, General Obligation Unlimited, 2.83%, 7/1/31		548,503

		MASSACHUSETTS 0.1%
	750,000	Massachusetts School Building Authority, Refunding Revenue Bonds, Ser. B, 3.40%, 10/15/40		805,667

		MICHIGAN 0.0%
	300,000	Lincoln Consolidated School District, General Obligation Limited, Series B, 4.32%, 5/1/37		336,374

		NEW HAMPSHIRE 0.0%
	295,000	New Hampshire Health and Education Facilities Authority, Refunding Revenue Bonds, 3.58%, 7/1/34		313,356

		NEW JERSEY 0.0%
	545,000	New Jersey Infrastructure Bank, Refunding Revenue Bonds, Series C Subseries R2, 3.00%, 9/1/30		592,938

		NEW YORK 0.1%
	200,000	City of New York, Build America Bonds, General Obligation Unlimited, Series F1, 5.89%, 12/1/24		233,760
	375,000	City of New York, General Obligation Limited, Series F, Subseries F3, 3.63%, 4/1/32		418,927
	100,000	New York City Transitional Finance Authority Future Tax Secured Revenue, Subordinate Bonds, Revenue Bonds, 3.00%, 2/1/26		106,932
	200,000	New York City Transitional Finance Authority Future Tax Secured Revenue, Subordinate Bonds, Revenue Bonds, 2.63%, 2/1/23		207,326
	300,000	New York City Transitional Finance Authority Future Tax Secured, Revenue Bonds, Series A2, 3.34%, 8/1/25		321,717
	1,000,000	Suffolk County Water Authority, Revenue Bonds, 0.91%, 6/1/25		998,660
				2,287,322
		NORTH DAKOTA 0.0%
	325,000	City of Fargo, North Dakota, Improvement Refunding Bonds, General Obligation Unlimited, Series B, 2.70%, 5/1/32		344,050

		OKLAHOMA 0.0%
	250,000	University of Oklahoma (The), Revenue Bonds, Series B, 3.10%, 7/1/26		261,415

		OREGON 0.1%
	190,000	City of Portland OR, Affordable Housing Project, General Obligation Limited, Series B, 3.60%, 6/15/39		198,838
	700,000	City of Portland OR, General Obligation Limited, Series B, 2.06%, 6/15/35		687,003
	500,000	Washington & Multnomah Counties School District No 48J Beaverton, General Obligation Limited, 1.94%, 6/15/32		503,323
				1,389,164
		PENNSYLVANIA 0.1%
	350,000	City of Erie PA, General Obligation Limited, Ser. A, AGM Insured, 4.02%, 11/15/35		411,282
	355,000	Pennsylvania Turnpike Commission, Motor License, Refunding Revenue Bonds, 3.29%, 12/1/36		375,077
				786,359

		RHODE ISLAND 0.1%
	750,000	Narragansett Bay Commission, Wastewater System, Revenue Refunding Bonds, 2.46%, 9/1/35		758,353

		SOUTH CAROLINA 0.0%
	300,000	North Augusta Public Facilities Corp., North Augusta Project, Revenue Bonds, Series B, 3.44%, 11/1/25		329,084

		TEXAS 0.1%
	350,000	Texas A&M University Board, Revenue Bonds, Series B, 3.48%, 5/15/49		378,804
	600,000	Tyler Independent School District, Texas Unlimited Tax, Refunding Revenue Bonds, 1.68%, 2/15/32		592,594
				971,398
		VIRGINIA 0.0%
	210,000	Virginia Port Authority Commonwealth Port Fund, Revenue Bonds, 3.75%, 7/1/31		236,103
	500,000	Virginia State Resources Authority, Revenue Bonds, 1.66%, 11/1/30		496,349
				732,452

Schedule of Investments (unaudited) (continued)

Principal Amount			Value
	LONG-TERM MUNICIPAL SECURITIES 1.2% (continued)
		WISCONSIN 0.0%
$	500,000	Wisconsin Department of Transportation, Refunding Revenue Bonds, Series 1, 1.86%, 7/1/34	$	489,894

TOTAL LONG-TERM MUNICIPAL SECURITIES (Cost $20,657,498)				21,015,808

	RESIDENTIAL MORTGAGE-BACKED SECURITIES 7.3%
		MORTGAGE SECURITIES 7.3%
	65,994	FHLMC Series 4151, Class PA		68,611
	96,046	FHLMC Gold PC Pool #A95174		105,183
	66,162	FHLMC Gold PC Pool #C09055		72,120
	92,280	FHLMC Gold PC Pool #G05447		103,063
	6,897	FHLMC Gold PC Pool #G08488		7,437
	307,524	FHLMC Gold PC Pool #G08698		331,301
	65,289	FHLMC Gold PC Pool #J13885		69,779
	63,405	FHLMC Gold PC Pool #Q05649		69,097
	80,809	FHLMC Gold PC Pool #Q39580		88,020
	154,284	FHLMC Gold Pool #Q41084		164,665
	79,749	FHLMC Pool #AG08748		84,788
	184,292	FHLMC Pool #BM5689		192,172
	7,436,589	FHLMC Pool #QA9129		7,703,786
	763,000	FHLMC Pool #QA9747		790,502
	1,644,306	FHLMC Pool #QB2462		1,727,286
	2,633,005	FHLMC Pool #QB2958		2,748,866
	466,994	FHLMC Pool #QB3856		472,463
	598,386	FHLMC Pool #QB5314		620,065
	649,749	FHLMC Pool #QB8153		673,595
	701,122	FHLMC Pool #QN6443		710,510
	268,317	FHLMC Pool #RA2061		280,110
	1,406,230	FHLMC Pool #RB5022		1,466,232
	1,390,150	FHLMC Pool #RD5024		1,443,167
	2,231,476	FHLMC Pool #SB8010		2,330,707
	235,550	FHLMC Pool #SB8026		246,046
	2,053,346	FHLMC Pool #SB8044		2,120,300
	2,554,803	FHLMC Pool #SB8078		2,588,958
	1,208,984	FHLMC Pool #SD7514		1,298,703
	359,364	FHLMC Pool #SD8007		387,234
	211,439	FHLMC Pool #SD8029		219,036
	761,199	FHLMC Pool #SD8093		801,182
	835,285	FHLMC Pool #SD8097		845,060
	170,285	FHLMC Pool #SD8098		172,281
	5,665,607	FHLMC Pool #SD8106		5,732,018
	6,493,470	FHLMC Pool #SD8108		6,780,873
	1,756,482	FHLMC Pool #SD8128		1,777,089
	2,068,879	FHLMC Pool #SD8134		2,093,132
	59,120	FHLMC Pool #ZK4078		61,648
	8,299	FHLMC Pool #ZN1699		8,925
	43,582	FHLMC Pool #ZN5055		45,597
	172,390	FHLMC Pool #ZN5108		179,985
	62,531	FHLMC Pool #ZS6516		65,204
	304,973	FHLMC Pool #ZS6632		318,012
	205,539	FHLMC Pool #ZT1863		216,219
	131,988	FHLMC Pool #ZT1867		137,645
	606,702	FHLMC Pool #ZT1952		645,449
	133,680	FHLMC Pool #ZT1955		139,446
	315,311	FHLMC Pool #ZT2087		335,614
	6,663	FHLMC Pool #ZT2090		6,944
	5,527	FNMA Pool #254954		5,935
	257	FNMA Pool #255132		276
	82,082	FNMA Pool #995245		92,802
	91,632	FNMA Pool #AB1259		104,408
	85,521	FNMA Pool #AB1796		92,122
	1,993	FNMA Pool #AB4069		2,078
	78,650	FNMA Pool #AB6286		82,392
	285,965	FNMA Pool #AB6344		298,192
	71,958	FNMA Pool #AB8144		81,408
	63,770	FNMA Pool #AL7662		70,333
	158,827	FNMA Pool #AQ3960		168,125
	98,036	FNMA Pool #AR0930		102,609
	1,979,492	FNMA Pool #AS0516		2,107,165
	89,187	FNMA Pool #AS1529		94,235
	146,449	FNMA Pool #AS4928		156,269
	58,190	FNMA Pool #AS5485		63,527
	50,988	FNMA Pool #AS5696		54,556
	88,862	FNMA Pool #AS6385		96,190
	100,357	FNMA Pool #AS7188		108,716
	87,795	FNMA Pool #AS8276		92,398
	99,681	FNMA Pool #AS8483		105,320
	253,957	FNMA Pool #AS8796		265,613
	141,682	FNMA Pool #AS9459		154,232
	189,190	FNMA Pool #AU7025		200,909
	63,081	FNMA Pool #AU8070		68,184
	181,484	FNMA Pool #AV0703		197,748
	959,987	FNMA Pool #AX9528		1,028,187
	74,139	FNMA Pool #AY2618		80,746
	78,252	FNMA Pool #AY9329		85,236
	63,472	FNMA Pool #AZ4775		67,931
	46,517	FNMA Pool #AZ6194		49,912
	81,418	FNMA Pool #AZ9703		85,491
	117,112	FNMA Pool #BA4732		125,293
	220,754	FNMA Pool #BC9482		233,443
	68,309	FNMA Pool #BD8211		73,172
	166,743	FNMA Pool #BE3776		180,570
	212,641	FNMA Pool #BJ5719		226,691
	5,892	FNMA Pool #BK4970		6,238
	12,979	FNMA Pool #BK4987		13,724
	7,917	FNMA Pool #BK7396		8,342
	13,369	FNMA Pool #BK9639		14,072
	145,214	FNMA Pool #BM2001		154,980
	321,183	FNMA Pool #BM2006		343,617
	228,366	FNMA Pool #BM2007		243,278
	2,122,472	FNMA Pool #BM3634		2,281,214
	521,316	FNMA Pool #BM3641		566,292
	305,334	FNMA Pool #BM5793		318,431
	34,091	FNMA Pool #BN1076		35,976

June 30, 2021

Principal Amount			Value
	RESIDENTIAL MORTGAGE-BACKED SECURITIES 7.3% (continued)
		MORTGAGE SECURITIES 7.3% (continued)
$	33,215	FNMA Pool #BN3431	$	34,953
	8,238	FNMA Pool #BN4309		8,884
	202,397	FNMA Pool #BN6240		211,264
	37,309	FNMA Pool #BN6305		38,960
	157,484	FNMA Pool #BO0622		164,475
	1,510,333	FNMA Pool #BP5709		1,564,599
	947,911	FNMA Pool #BQ9091		960,481
	158,032	FNMA Pool #CA1564		170,812
	435,131	FNMA Pool #CA4574		463,827
	1,234,365	FNMA Pool #CA5540		1,310,548
	293,134	FNMA Pool #CB0310		297,149
	6,670	FNMA Pool #FM1238		7,097
	539,980	FNMA Pool #FM1581		563,068
	1,750,127	FNMA Pool #FM3254		1,871,704
	1,370,856	FNMA Pool #FM4140		1,429,269
	953,968	FNMA Pool #FM4635		965,298
	975,029	FNMA Pool #FM5091		957,282
	1,242,502	FNMA Pool #FM6468		1,321,004
	64,458	FNMA Pool #MA0073		69,387
	116,633	FNMA Pool #MA0984		121,619
	130,904	FNMA Pool #MA1012		136,501
	45,456	FNMA Pool #MA1212		47,399
	81,784	FNMA Pool #MA2641		86,164
	127,643	FNMA Pool #MA3026		135,162
	129,168	FNMA Pool #MA3114		135,176
	173,289	FNMA Pool #MA3331		181,150
	163,676	FNMA Pool #MA3415		174,490
	228,993	FNMA Pool #MA3495		243,972
	115,470	FNMA Pool #MA3520		121,642
	214,417	FNMA Pool #MA3536		228,497
	182,572	FNMA Pool #MA3563		194,550
	292,188	FNMA Pool #MA3564		314,327
	209,736	FNMA Pool #MA3593		225,959
	272,760	FNMA Pool #MA3638		290,575
	721,256	FNMA Pool #MA3674		752,717
	257,136	FNMA Pool #MA3691		268,346
	837,631	FNMA Pool #MA3692		881,740
	328,276	FNMA Pool #MA3709		342,726
	231,131	FNMA Pool #MA3729		241,356
	771,826	FNMA Pool #MA3744		804,929
	377,971	FNMA Pool #MA3747		407,383
	819,256	FNMA Pool #MA3832		863,980
	239,751	FNMA Pool #MA3905		250,078
	5,424,217	FNMA Pool #MA4012		5,614,069
	5,177,568	FNMA Pool #MA4042		5,359,352
	1,404,988	FNMA Pool #MA4055		1,455,589
	2,129,417	FNMA Pool #MA4077		2,154,289
	4,476,889	FNMA Pool #MA4078		4,637,744
	3,212,570	FNMA Pool #MA4100		3,250,106
	1,877,610	FNMA Pool #MA4119		1,899,584
	928,189	FNMA Pool #MA4158		939,051
	5,856,991	FNMA Pool #MA4208		5,925,588
	2,493,598	FNMA Pool #MA4222		2,627,850
	485,307	FNMA Pool #MA4237		490,991
	987,093	FNMA Pool #MA4328		999,982
	1,097,041	FNMA Pool #MA4355		1,109,902
	994,950	FNMA Pool #MA4359		1,007,939
	46,602	FNMA REMIC Trust Series 2013-18 Class AE		48,087
	61,473	FNMA REMIC Trust Series 2013-41 Class WD		63,157
	488,538	GNAM II Pool #MA5816		513,685
	99,873	GNMA I Pool #650494		116,325
	79,584	GNMA II Pool #MA1090		85,394
	41,751	GNMA II Pool #MA1448		44,747
	59,801	GNMA II Pool #MA1520		63,598
	69,524	GNMA II Pool #MA2149		76,013
	106,732	GNMA II Pool #MA2445		114,321
	71,254	GNMA II Pool #MA3803		75,786
	694,803	GNMA II Pool #MA4836		730,707
	182,895	GNMA II Pool #MA5191		193,694
	210,341	GNMA II Pool #MA5527		221,791
	326,166	GNMA II Pool #MA5594		343,139
	97,014	GNMA II Pool #MA5650		102,234
	913,584	GNMA II Pool #MA5762		963,169
	952,724	GNMA II Pool #MA5815		995,060
	288,402	GNMA II Pool #MA5875		302,793
	687,701	GNMA II Pool #MA6283		717,097
	964,121	GNMA II Pool #MA6409		1,011,115
	818,375	GNMA II Pool #MA6866		854,346
	1,573,766	GNMA II Pool #MA7054		1,652,688
	969,343	GNMA II Pool #MA7256		1,015,093
				128,271,277
TOTAL RESIDENTIAL MORTGAGE-BACKED SECURITIES (Cost $128,065,516)				128,271,277
	U.S. GOVERNMENT AGENCY OBLIGATIONS 0.1%
	500,000	FHLB, 3.38%, 3/10/28		569,971
	250,000	FHLB, 3.25%, 3/8/24		268,895
	250,000	FNMA, 2.38%, 1/19/23		258,428
	250,000	FNMA, 2.63%, 9/6/24⁽⁴⁾		267,169
	500,000	FNMA, 1.88%, 9/24/26⁽⁴⁾		524,458
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS (Cost $1,754,230)				1,888,921

Schedule of Investments (unaudited) (continued)

Principal Amount			Value
	U.S. TREASURY OBLIGATIONS 11.1%
		U.S. TREASURY NOTES & BONDS 11.1%
$	3,170,000	U.S. Treasury Bonds, 5.38%, 2/15/31	$	4,313,677
	5,320,000	U.S. Treasury Bonds, 4.38%, 2/15/38		7,328,300
	12,500,000	U.S. Treasury Bonds, 1.13%, 5/15/40		10,801,758
	6,612,000	U.S. Treasury Bonds, 2.88%, 5/15/43		7,609,224
	6,319,000	U.S. Treasury Bonds, 3.00%, 2/15/48		7,535,654
	2,100,000	U.S. Treasury Notes, 0.38%, 3/31/22		2,104,430
	5,000,000	U.S. Treasury Notes, 0.13%, 5/31/22		5,001,172
	18,700,000	U.S. Treasury Notes, 0.25%, 4/15/23		18,709,496
	13,000,000	U.S. Treasury Notes, 1.38%, 6/30/23		13,291,484
	10,605,000	U.S. Treasury Notes, 2.38%, 8/15/24		11,228,872
	10,615,000	U.S. Treasury Notes, 2.25%, 11/15/24		11,222,460
	9,000,000	U.S. Treasury Notes, 0.50%, 3/31/25		8,957,461
	20,900,000	U.S. Treasury Notes, 0.38%, 11/30/25		20,531,801
	8,500,000	U.S. Treasury Notes, 2.63%, 12/31/25		9,191,621
	7,500,000	U.S. Treasury Notes, 1.63%, 5/15/26		7,776,855
	500,000	U.S. Treasury Notes, 1.75%, 12/31/26		521,445
	16,500,000	U.S. Treasury Notes, 0.63%, 3/31/27⁽⁴⁾		16,152,598
	9,400,000	U.S. Treasury Notes, 0.63%, 11/30/27		9,105,148
	5,750,000	U.S. Treasury Notes, 2.75%, 2/15/28		6,339,375
	16,000,000	U.S. Treasury Notes, 1.63%, 8/15/29		16,376,875
	1,100,000	U.S. Treasury Notes, 1.13%, 2/15/31⁽⁴⁾		1,068,891
TOTAL U.S. TREASURY OBLIGATIONS (Cost $195,324,967)				195,168,597

	Shares		Value
SHORT-TERM INVESTMENTS 4.8%
		MONEY MARKET FUNDS 4.8%
	79,415,460	State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.03%⁽⁵⁾		79,415,460
	5,344,055	State Street Navigator Securities Lending Government Money Market Portfolio⁽⁶⁾		5,344,055
				84,759,515

TOTAL SHORT-TERM INVESTMENTS (Cost $84,759,515)				84,759,515

TOTAL INVESTMENTS IN SECURITIES 100.3% (Cost $1,373,379,760)			$	1,764,110,935

EXCESS OF LIABILITIES OVER CASH AND OTHER ASSETS (0.3%)				(4,945,043	)

NET ASSETS⁽⁷⁾ 100.0%			$	1,759,165,892

(1)		Non-income producing.
(2)		Pursuant to Rule 144A under the Securities Act of 1933, this security can only be sold to qualified institutional investors.
(3)		Floating or variable rate security. The rate disclosed is the rate in effect as of June 30, 2021. The information in parentheses represents the benchmark and reference rate for each relevant security and the rate adjusts based upon the reference rate and spread. The security may be further subject to interest rate floor and caps. For securities which do not indicate a reference rate and spread in their descriptions, the interest rate adjusts periodically based on current interest rates and, for mortgage-backed securities, prepayments in the underlying pool of assets.
(4)		A portion or all of the security was held on loan. As of June 30, 2021, the market value of the securities on loan was $23,652,853.
(5)		Rate reflects 7 day yield as of June 30, 2021.
(6)		Securities with an aggregate market value of $23,652,853 were out on loan in exchange for collateral including $5,344,055 of cash collateral as of June 30, 2021. The collateral was invested in a cash collateral reinvestment vehicle.
(7)		For federal income tax purposes, the aggregate cost was $1,373,712,010, aggregate gross unrealized appreciation was $396,134,273, aggregate gross unrealized depreciation was $5,735,348 and the net unrealized appreciation was $390,398,925.
AGM		Assured Guaranty Municipal.
BAM		Build America Mutual.
FHLB		Federal Home Loan Bank.
FHLMC		Federal Home Loan Mortgage Corp.
FNMA		Federal National Mortgage Association.
FREMF		Freddie Mac Multifamily.
GMTN		Global Medium Term Note.
GNMA		Government National Mortgage Association.
LIBOR		London Interbank Offered Rate.
MTN		Medium Term Note.
REIT		Real Estate Investment Trust.
REMIC		Real Estate Mortgage Investment Conduit.
SOFR		Secured Overnight Financing Rate.

The Fund follows fair valuation accounting standards (FASB ASC 820-10) which establishes a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value and a discussion of changes in valuation techniques and related inputs during the period. These inputs are summarized in the three broad levels listed below:

•

Level 1 –

Inputs that reflect unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access at the measurement date;

•

Level 2 –

Inputs other than quoted prices that are observable for the asset or liability either directly or indirectly, including inputs in markets that are not considered to be active;

•

Level 3 –

Inputs that are unobservable.

Transfers between investment levels may occur as the markets fluctuate and/or the availability of data used in an investment’s valuation changes. The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following table summarizes the inputs used to value the Fund's investments in securities as of June 30, 2021:

Investments in Securities:	Level 1		Level 2		Level 3		Total
Assets
Common Stocks*	$	1,034,242,643	$	—	$	—	$	1,034,242,643
Asset-Backed Securities		—		29,177,282		—		29,177,282
Commercial Mortgage-Backed Securities		—		77,275,442		—		77,275,442
Corporate Bonds & Notes*		—		191,428,077		—		191,428,077
Foreign Government Obligations		—		883,373		—		883,373
Long-Term Municipal Securities*		—		21,015,808		—		21,015,808
Residential Mortgage-Backed Securities		—		128,271,277		—		128,271,277
U.S. Government Agency Obligations		—		1,888,921		—		1,888,921
U.S. Treasury Obligations		—		195,168,597		—		195,168,597
Short-Term Investments		84,759,515		—		—		84,759,515
Total Investments in Securities	$	1,119,002,158	$	645,108,777	$	—	$	1,764,110,935

See Schedule of Investments for further breakdown by category.

An investment asset’s or liability’s level within the fair value hierarchy is based on the lowest level input, individually or in aggregate, that is significant to fair value measurement. The objective of fair value measurement remains the same even when there is a significant decrease in the volume and level of activity for an asset or liability and regardless of the valuation techniques used.

During the period ended June 30, 2021, there were no Level 3 investments.

Value Line Asset Allocation Fund NPORT-PValue Line Asset Allocation Fund Inc (Jun 2021 report)