Miller/Howard High Income Equity Fund
  
Schedule of Investments
  
July 31, 2024 (Unaudited)
  
   
COMMON STOCKS - 55.0%
  
Shares
    
Value
  
Biological Products, except Diagnostic Substances - 3.4%
        
Gilead Sciences, Inc. (d)
    
100,000
    
$
7,606,000
  
                 
Crude Petroleum Extraction - 4.6%
          
Equinor ASA - ADR (a)
    
250,000
      
6,640,000
  
Hess Midstream LP - Class A
    
100,000
      
3,748,000
  
             
10,388,000
  
                 
Electric Power Generation, Transmission and Distribution - 5.3%
          
Exelon Corp. (d)
    
130,000
      
4,836,000
  
Portland General Electric Co.
    
150,000
      
7,107,000
  
             
11,943,000
  
                 
Electric Services - 6.2%
          
Dominion Energy, Inc.
    
150,000
      
8,019,000
  
OGE Energy Corp.
    
150,000
      
5,815,500
  
             
13,834,500
  
                 
Fruit and Vegetable Preserving and Specialty Food Manufacturing - 3.4%
          
Conagra Brands, Inc. (b)
    
250,000
      
7,580,000
  
                 
Iron Ore Mining - 2.2%
          
Vale SA - ADR
    
455,000
      
4,936,750
  
                 
Oil and Gas Extraction - 3.8%
          
Canadian Natural Resources Ltd.
    
240,000
      
8,515,200
  
                 
Other Electric Power Generation - 5.3%
          
CMS Energy Corp. (d)
    
90,000
      
5,832,000
  
Edison International
    
75,000
      
6,000,750
  
             
11,832,750
  
                 
Pipeline Transportation of Natural Gas - 6.3%
          
Antero Midstream Corp. (a)
    
325,000
      
4,667,000
  
TC Energy Corp. (d)
    
220,000
      
9,330,200
  
             
13,997,200
  
                 
Semiconductors & Related Devices - 3.7%
          
Texas Instruments, Inc.
    
40,500
      
8,254,305
  
                 
Support Activities for Mining - 3.0%
          
BHP Group Ltd. - ADR (a)
    
120,000
      
6,663,600
  
                 
Surety Insurance - 3.7%
          
Old Republic International Corp. (a)
    
240,000
      
8,308,800
  
                 
Tobacco Manufacturing - 2.1%
          
British American Tobacco Plc - ADR
    
135,000
      
4,811,400
  
                 
Traveler Accommodation - 2.0%
          
Vail Resorts, Inc. (a)
    
25,000
      
4,550,250
  
TOTAL COMMON STOCKS (Cost $119,310,973)
      
123,221,755
  
                 
MASTER LIMITED PARTNERSHIPS - 17.4%
  
Shares
    
Value
  
Investment Advice - 3.2%
          
AllianceBernstein Holding LP
    
204,000
      
7,199,160
  
                 
Natural Gas Transmission - 11.7%
          
Energy Transfer L.P.
    
750,500
      
12,210,635
  
Enterprise Products Partners L.P.
    
150,000
      
4,329,000
  
MPLX LP (d)
    
224,000
      
9,591,680
  
             
26,131,315
  
                 
Pipelines (No Natural Gas) - 2.5%
          
Western Midstream Partners L.P.
    
140,000
      
5,728,800
  
TOTAL MASTER LIMITED PARTNERSHIPS (Cost $24,551,942)
      
39,059,275
  
                 
REAL ESTATE INVESTMENT TRUSTS - 13.2%
  
Shares
    
Value
  
Apple Hospitality REIT, Inc. (a)
    
380,000
      
5,620,200
  
Mid-America Apartment Communities, Inc.
    
60,000
      
8,386,200
  
Realty Income Corp. (a)
    
99,060
      
5,689,016
  
Ryman Hospitality Properties, Inc.
    
50,000
      
5,025,500
  
Sabra Health Care REIT, Inc.
    
300,000
      
4,869,000
  
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $28,940,655)
      
29,589,916
  
                 
BUSINESS DEVELOPMENT COMPANIES - 4.2%
  
Shares
    
Value
  
Ares Capital Corp. (a)
    
200,000
      
4,188,000
  
                 
Main Street Capital Corp. (a)
    
100,000
      
5,118,000
  
TOTAL BUSINESS DEVELOPMENT COMPANIES (Cost $9,388,692)
      
9,306,000
  
                 
SHORT-TERM INVESTMENTS - 31.5%
  
Shares
    
Value
  
Investments Purchased with Proceeds from Securities Lending - 19.8%
                
Mount Vernon Liquid Assets Portfolio, LLC, 5.45% (c)
    
44,258,632
      
44,258,632
  
                 
Money Market Funds - 11.7%
                
Morgan Stanley Institutional Liquidity Fund - Treasury Portfolio - Class Institutional, 5.14% (c)
    
26,191,920
      
26,191,920
  
TOTAL SHORT-TERM INVESTMENTS (Cost $70,450,552)
      
70,450,552
  
                 
TOTAL INVESTMENTS - 121.3% (Cost $252,642,814)
      
271,627,498
  
Liabilities in Excess of Other Assets - (21.3)%
      
(47,708,088
)
TOTAL NET ASSETS - 100.0%
          
$
223,919,410
  
               
Percentages are stated as a percent of net assets.
          

ADR - American Depositary Receipt
ASA - Advanced Subscription Agreement
PLC - Public Limited Company
SA - Sociedad Anónima

(a)
All or a portion of this security is on loan as of July 31, 2024. The total market value of these securities was $43,058,919 which represented 19.2% of net assets.
(b)
Held in connection with written option contracts. See Schedule of Options Written for further information.
(c)
The rate shown represents the 7-day annualized effective yield as of July 31, 2024.
(d)
All or a portion of the security is segregated as collateral at the broker on July 31, 2024. The value of the securities segregated as collateral is $33,392,880, which is 14.9% of total net assets.


Miller/Howard High Income Equity Fund
  
Schedule of Written Options
  
July 31, 2024 (Unaudited)
  
   
WRITTEN OPTIONS - 0.0% (a)(b)(c)
  
Notional Amount
    
Contracts
    
Value
  
Call Options - 0.0% (a)
                  
Conagra Brands, Inc., Expiration: 08/16/2024; Exercise Price: $31.00 (b)(c)
  
$
(5,457,600
)
    
(1,800
)
  
$
(28,800
)
TOTAL WRITTEN OPTIONS (Premiums received $30,602)
                    
(28,800
)
                         
Percentages are stated as a percent of net assets.
                        

(a)
Represents less than 0.05% of net assets.
(b)
100 shares per contract.
(c)
Exchange-traded.


At July 31, 2024, the Funds' assets carried at market value were classified as follows:
              
                         
Miller/Howard High Income Equity Fund
                        
                         
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets (a)
                        
Business Development Companies
  
$
9,306,000
    
$
-
    
$
-
    
$
9,306,000
  
Common Stock
    
123,221,755
      
-
      
-
      
123,221,755
  
Master Limited Partnerships
    
39,059,275
      
-
      
-
      
39,059,275
  
Real Estate Investment Trusts
    
29,589,916
      
-
      
-
      
29,589,916
  
Short-Term Investments (b)
    
26,191,920
      
-
      
-
      
26,191,920
  
Investments Purchased as
                                
    Securities Lending Collateral (c)
    
-
      
-
      
-
      
44,258,632
  
Total Investments in Securities
  
$
227,368,866
    
$
-
    
$
-
    
$
271,627,498
  
Liabilities
                                
Written Options
  
$
(28,800
)
  
$
-
    
$
-
    
$
(28,800
)

(a) All industry classifications are identified in the Schedule of Investments.
        
(b) Short-term Investment is a sweep investment for cash balances in the Fund at July 31, 2024.
    
(c) Certain investments are measured at fair value using the net asset value per share (or its equivalent) have not been categorized in the fair value hierarchy
      in accordance with ASC 820. The fair value amounts presented in the table are intended to permit reconciliation to the fair value hierarchy to the
      amounts presented in the Statement of Assets and Liabilities.
        
                 
The Fund did not hold any Level 2 or 3 securities during the period ended July 31, 2024.
    







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