UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act File Number:
811-58433
Marshall Funds, Inc.
(Exact name of registrant as specified in charter)
111 East Kilbourn Avenue
Milwaukee, WI 53202
(Address of principal executive offices)(zip code)
John M. Blaser
M&I Investment Management Corp.
111 East Kilbourn Avenue
Milwaukee, WI 53202
(Name and address of agent for service)
Registrant's telephone number, including area code:
(800) 236-3863
Date of fiscal year end:
August 31
Date of reporting period:
May 31, 2010
Item 1. Schedule of Investments
Marshall Funds, Inc.
Schedule of Investments
May 31, 2010 (Unaudited)
Large-Cap Value Fund
SCHEDULE OF INVESTMENTS - As of May 31, 2010
(Unaudited)
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Description
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Shares,
Contracts
or
Principal
Amount
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Value
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Common Stocks - 97.8%
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Consumer Discretionary - 11.1%
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Apparel Retail - 0.7%
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Limited Brands, Inc. (1)
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54,950
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$
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1,366,057
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Apparel, Accessories & Luxury Goods - 0.5%
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Coach, Inc.
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23,570
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968,963
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Auto Parts & Equipment - 0.5%
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Johnson Controls, Inc.
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29,550
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843,061
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Automobile Manufacturers - 1.3%
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Ford Motor Co. (1) (2)
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114,430
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1,342,264
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Thor Industries, Inc. (1)
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32,480
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947,117
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2,289,381
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Cable & Satellite - 2.0%
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DISH Network Corp., Class A
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87,900
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1,832,715
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Time Warner Cable, Inc.
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34,500
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1,888,185
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3,720,900
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Department Stores - 0.8%
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Macy’s, Inc.
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66,970
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1,487,404
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General Merchandise Stores - 0.5%
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Target Corp. (1)
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15,890
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866,482
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Household Appliances - 1.5%
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Whirlpool Corp.
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26,975
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2,817,269
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Housewares & Specialties - 0.8%
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Jarden Corp.
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46,930
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1,366,132
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Movies & Entertainment - 2.5%
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News Corp., Class A (1)
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143,600
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1,895,520
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Regal Entertainment Group, Class A
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61,780
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941,527
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Time Warner, Inc.
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53,400
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1,654,866
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4,491,913
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Total Consumer Discretionary
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20,217,562
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Consumer Staples - 5.3%
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Drug Retail - 0.7%
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CVS Caremark Corp.
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35,490
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1,229,019
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Packaged Foods & Meats - 2.4%
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ConAgra Foods, Inc.
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63,060
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1,524,791
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Kraft Foods, Inc., Class A
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39,660
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1,134,276
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Sara Lee Corp.
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119,310
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1,690,622
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4,349,689
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Tobacco - 2.2%
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Altria Group, Inc.
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85,120
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1,727,085
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Philip Morris International, Inc.
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31,015
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1,368,382
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Reynolds American, Inc.
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19,660
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1,025,072
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4,120,539
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Total Consumer Staples
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9,699,247
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Energy - 16.8%
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Coal & Consumable Fuels - 0.8%
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Alpha Natural Resources, Inc. (1) (2)
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39,660
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1,521,754
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Integrated Oil & Gas - 9.8%
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Chevron Corp. (1)
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86,800
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6,411,916
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ConocoPhillips
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106,540
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5,525,164
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Exxon Mobil Corp. (1)
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24,850
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1,502,431
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Hess Corp.
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25,500
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1,356,600
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Marathon Oil Corp.
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97,640
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3,035,628
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17,831,739
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Oil & Gas-Equipment & Services - 2.4%
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Halliburton Co.
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80,290
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1,993,601
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National Oilwell Varco, Inc.
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60,870
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2,320,973
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4,314,574
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Oil & Gas-Exploration & Production - 3.2%
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Anadarko Petroleum Corp.
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25,025
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1,309,558
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Apache Corp.
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14,130
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1,265,200
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Chesapeake Energy Corp. (1)
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73,570
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1,643,554
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Cimarex Energy Co. (1)
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21,175
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1,555,939
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5,774,251
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Oil & Gas-Storage & Transportation - 0.6%
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Williams Cos., Inc.
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54,890
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1,084,078
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Total Energy
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30,526,396
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Financials - 23.1%
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Asset Management & Custody Banks - 1.5%
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Ameriprise Financial, Inc.
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70,170
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2,792,064
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Consumer Finance - 2.2%
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Capital One Financial Corp. (1)
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47,220
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1,950,186
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Discover Financial Services
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145,400
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1,955,630
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3,905,816
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Diversified Banks - 3.6%
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U.S. Bancorp
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87,275
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|
|
2,091,109
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Wells Fargo & Co. (1)
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152,325
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4,370,204
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6,461,313
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Investment Banking & Brokerage - 3.7%
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Goldman Sachs Group, Inc.
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27,590
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|
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3,980,133
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Morgan Stanley
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100,545
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2,725,775
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6,705,908
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Life & Health Insurance - 1.3%
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Prudential Financial, Inc.
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40,760
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2,352,259
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Multi-Line Insurance - 1.0%
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Hartford Financial Services Group, Inc.
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74,410
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1,865,459
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Other Diversified Financial Services - 6.1%
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Bank of America Corp.
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323,530
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|
5,092,362
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JPMorgan Chase & Co.
|
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151,120
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|
|
5,981,330
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|
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11,073,692
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Property & Casualty Insurance - 1.1%
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Travelers Cos., Inc.
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40,240
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1,990,673
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Regional Banks - 1.5%
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PNC Financial Services Group, Inc. (1)
|
|
43,365
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|
|
2,721,154
|
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Specialized Finance - 0.6%
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CME Group, Inc.
|
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3,720
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|
|
1,177,938
|
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Specialized REIT’s - 0.5%
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Public Storage
|
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10,130
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|
938,950
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Total Financials
|
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|
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41,985,226
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Healthcare - 9.7%
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Biotechnology - 1.1%
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|
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Amgen, Inc. (2)
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24,835
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|
|
1,285,956
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Gilead Sciences, Inc. (2)
|
|
20,330
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|
|
730,254
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|
|
|
|
|
|
2,016,210
|
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Healthcare Distributors - 2.3%
|
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|
|
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|
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AmerisourceBergen Corp.
|
|
82,715
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|
|
2,587,325
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McKesson Corp.
|
|
23,790
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|
|
1,665,300
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,252,625
|
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Healthcare Facilities - 0.6%
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|
|
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|
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Community Health Systems, Inc. (1) (2)
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|
28,360
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|
|
1,105,473
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Healthcare Services - 0.6%
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|
|
|
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|
|
Medco Health Solutions, Inc. (2)
|
|
18,290
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|
|
1,054,418
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Managed Healthcare - 0.7%
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|
|
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Humana, Inc. (1) (2)
|
|
13,515
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|
|
622,366
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|
UnitedHealth Group, Inc.
|
|
19,695
|
|
|
572,533
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,194,899
|
|
Pharmaceuticals - 4.4%
|
|
|
|
|
|
|
Bristol-Myers Squibb Co. (1)
|
|
100,140
|
|
|
2,324,250
|
|
Forest Laboratories, Inc. (2)
|
|
57,565
|
|
|
1,489,782
|
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Johnson & Johnson
|
|
33,740
|
|
|
1,967,042
|
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Pfizer, Inc.
|
|
150,435
|
|
|
2,291,125
|
|
|
|
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|
|
|
|
|
8,072,199
|
|
|
|
|
|
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Total Healthcare
|
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|
|
|
17,695,824
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|
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Industrials - 12.6%
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|
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Aerospace & Defense - 4.0%
|
|
|
|
|
|
|
General Dynamics Corp.
|
|
49,275
|
|
|
3,345,773
|
|
Honeywell International, Inc.
|
|
25,400
|
|
|
1,086,358
|
|
Northrop Grumman Corp.
|
|
18,225
|
|
|
1,102,430
|
|
Raytheon Co. (1)
|
|
34,100
|
|
|
1,787,181
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,321,742
|
|
Commercial Printing - 0.7%
|
|
|
|
|
|
|
R. R. Donnelley & Sons Co.
|
|
67,400
|
|
|
1,291,384
|
|
Construction & Farm Machinery & Heavy Trucks - 0.8%
|
|
|
|
|
|
|
Bucyrus International, Inc. (1)
|
|
11,800
|
|
|
632,008
|
|
Joy Global, Inc.
|
|
13,870
|
|
|
707,370
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,339,378
|
|
Electrical Components & Equipment - 1.7%
|
|
|
|
|
|
|
Cooper Industries, PLC
|
|
26,550
|
|
|
1,247,053
|
|
Emerson Electric Co.
|
|
40,165
|
|
|
1,865,263
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,112,316
|
|
Industrial Conglomerates - 3.0%
|
|
|
|
|
|
|
General Electric Co.
|
|
333,140
|
|
|
5,446,839
|
|
Industrial Machinery - 1.1%
|
|
|
|
|
|
|
Crane Co.
|
|
28,720
|
|
|
934,261
|
|
Ingersoll-Rand Co., Ltd., Class A (1)
|
|
28,290
|
|
|
1,055,500
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,989,761
|
|
Railroads - 1.3%
|
|
|
|
|
|
|
CSX Corp.
|
|
45,800
|
|
|
2,393,050
|
|
|
|
|
|
|
|
|
Total Industrials
|
|
|
|
|
22,894,470
|
|
|
|
|
|
Information Technology - 7.5%
|
|
|
|
|
|
|
|
|
|
|
Communications Equipment - 0.5%
|
|
|
|
|
|
|
Harris Corp.
|
|
21,100
|
|
|
989,801
|
|
Computer Hardware - 2.4%
|
|
|
|
|
|
|
Apple, Inc. (2)
|
|
9,250
|
|
|
2,378,730
|
|
Hewlett-Packard Co.
|
|
42,515
|
|
|
1,956,115
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,334,845
|
|
Computer Storage & Peripherals - 0.9%
|
|
|
|
|
|
|
Western Digital Corp. (1) (2)
|
|
44,460
|
|
|
1,547,653
|
|
|
|
|
|
|
|
|
Consulting & Other Services - 0.5%
|
|
|
|
|
|
|
International Business Machines Corp.
|
|
7,405
|
|
|
927,550
|
|
Data Processing & Outsourced Services - 1.0%
|
|
|
|
|
|
|
Computer Sciences Corp. (2)
|
|
35,830
|
|
|
1,791,142
|
|
Electronic Manufacturing Services - 0.4%
|
|
|
|
|
|
|
Jabil Circuit, Inc. (1)
|
|
57,590
|
|
|
788,407
|
|
Semiconductors - 1.4%
|
|
|
|
|
|
|
Intel Corp.
|
|
61,450
|
|
|
1,316,259
|
|
Marvell Technology Group, Ltd. (2)
|
|
61,580
|
|
|
1,168,788
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,485,047
|
|
Systems Software - 0.4%
|
|
|
|
|
|
|
Oracle Corp.
|
|
34,410
|
|
|
776,634
|
|
|
|
|
|
|
|
|
Total Information Technology
|
|
|
|
|
13,641,079
|
|
|
|
|
|
Materials - 4.3%
|
|
|
|
|
|
|
|
|
|
|
Diversified Chemicals - 0.9%
|
|
|
|
|
|
|
Ashland, Inc.
|
|
30,395
|
|
|
1,629,476
|
|
Diversified Metals & Mining - 0.7%
|
|
|
|
|
|
|
Freeport-McMoRan Copper & Gold, Inc. (1)
|
|
18,240
|
|
|
1,277,712
|
|
Metal & Glass Containers - 0.4%
|
|
|
|
|
|
|
Ball Corp.
|
|
15,870
|
|
|
781,598
|
|
Paper Products - 1.2%
|
|
|
|
|
|
|
International Paper Co.
|
|
88,795
|
|
|
2,062,708
|
|
Steel - 1.1%
|
|
|
|
|
|
|
Reliance Steel & Aluminum Co.
|
|
44,130
|
|
|
2,026,008
|
|
|
|
|
|
|
|
|
Total Materials
|
|
|
|
|
7,777,502
|
|
|
|
|
|
Telecommunication Services - 3.6%
|
|
|
|
|
|
|
|
|
|
|
Integrated Telecommunication Services - 3.6%
|
|
|
|
|
|
|
AT&T, Inc. (1)
|
|
112,295
|
|
|
2,728,769
|
|
Qwest Communications International, Inc.
|
|
452,110
|
|
|
2,369,056
|
|
Verizon Communications, Inc.
|
|
51,410
|
|
|
1,414,803
|
|
|
|
|
|
|
|
|
Total Telecommunication Services
|
|
|
|
|
6,512,628
|
|
|
|
|
|
Utilities - 3.8%
|
|
|
|
|
|
|
|
|
|
|
Electric Utilities - 1.4%
|
|
|
|
|
|
|
Edison International
|
|
57,690
|
|
|
1,866,849
|
|
FirstEnergy Corp. (1)
|
|
20,230
|
|
|
712,298
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,579,147
|
|
Gas Utilities - 2.4%
|
|
|
|
|
|
|
ONEOK, Inc. (1)
|
|
64,355
|
|
|
2,861,867
|
|
UGI Corp.
|
|
53,790
|
|
|
1,406,070
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,267,937
|
|
|
|
|
|
|
|
|
Total Utilities
|
|
|
|
|
6,847,084
|
|
|
|
|
|
|
|
|
Total Common Stocks
(identified cost $157,626,962)
|
|
|
|
|
177,797,018
|
|
Purchased Call Options - 0.6%
|
|
|
|
|
|
|
Apache Corp., Exercise Price: $110.00, 1/22/2011 (2)
|
|
139
|
|
|
54,905
|
|
Bank of America Corp., Exercise Price: $15.00, 1/22/2011 (2)
|
|
1,961
|
|
|
537,314
|
|
Baxter International, Inc., Exercise Price: $45.00, 1/22/2011 (2)
|
|
220
|
|
|
57,200
|
|
Baxter International, Inc., Exercise Price: $50.00, 1/22/2011 (2)
|
|
220
|
|
|
26,400
|
|
CME Group, Inc., Exercise Price: $330.00, 1/22/2011 (2)
|
|
13
|
|
|
44,265
|
|
Dean Foods Co., Exercise Price: $10.00, 6/19/2010 (2)
|
|
325
|
|
|
27,625
|
|
Halliburton Co., Exercise Price: $30.00, 1/22/2011 (2)
|
|
458
|
|
|
124,805
|
|
Mastercard, Inc., Class A, Exercise Price: $220.00, 6/19/2010 (2)
|
|
40
|
|
|
7,400
|
|
McKesson Corp., Exercise Price: $70.00, 1/22/2011 (2)
|
|
180
|
|
|
118,800
|
|
|
|
|
|
|
|
|
|
|
|
Visa, Inc., Class A, Exercise Price: $80.00, 6/19/2010 (2)
|
|
|
200
|
|
|
|
9,000
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Purchased Call Options
(identified cost $1,052,339)
|
|
|
|
|
|
|
1,007,714
|
|
|
Short-Term Investments - 18.7%
|
|
|
|
|
|
|
|
|
|
Collateral Pool Investment for Securities on Loan - 16.9%
|
|
|
|
|
|
|
|
|
|
(See Note 2 of the Schedule of Investments)
|
|
|
|
|
|
|
30,787,735
|
|
|
Repurchase Agreement - 0.7%
|
|
|
|
|
|
|
|
|
|
Agreement with Morgan Stanley & Co., Inc., 0.180%, dated 5/28/2010, to be repurchased at $1,285,682 on 6/1/2010,
collateralized by a U.S. Government Agency Obligation with a maturity of 9/5/2013, with a market value of $1,322,361 (at amortized cost)
|
|
$
|
1,285,656
|
|
|
|
1,285,656
|
|
|
U.S. Treasury Bills - 1.1%
|
|
|
|
|
|
|
|
|
|
0.154%, 6/17/2010 (11)
|
|
|
810,000
|
|
|
|
809,945
|
|
|
0.157%, 7/22/2010 (11)
|
|
|
1,160,000
|
|
|
|
1,159,771
|
|
|
|
|
|
|
|
|
|
|
|
|
Total U.S. Treasury Bills
|
|
|
|
|
|
|
1,969,716
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments
(identified cost $34,043,082)
|
|
|
|
|
|
|
34,043,107
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments — 117.1%
(identified cost $192,722,383)
|
|
|
|
|
|
|
212,847,839
|
|
|
Other Assets and Liabilities - (17.1)%
|
|
|
|
|
|
|
(31,148,959
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Assets - 100.0%
|
|
|
|
|
|
$
|
181,698,880
|
|
|
|
|
|
|
|
|
|
|
|
Large-Cap Growth Fund
SCHEDULE OF INVESTMENTS - As of May 31, 2010
(Unaudited)
|
|
|
|
|
|
|
|
|
Description
|
|
Shares,
Contracts
or
Principal
Amount
|
|
|
Value
|
|
Common Stocks - 97.4%
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Discretionary - 13.6%
|
|
|
|
|
|
|
|
|
|
|
|
Apparel Retail - 2.1%
|
|
|
|
|
|
|
|
Express, Inc. (1) (2)
|
|
250,000
|
|
|
$
|
3,575,000
|
|
Apparel, Accessories & Luxury Goods - 0.8%
|
|
|
|
|
|
|
|
Under Armour, Inc., Class A (1) (2)
|
|
40,800
|
|
|
|
1,374,552
|
|
Casinos & Gaming - 1.0%
|
|
|
|
|
|
|
|
International Game Technology (1)
|
|
85,000
|
|
|
|
1,663,450
|
|
Computer & Electronics Retail - 1.6%
|
|
|
|
|
|
|
|
Best Buy Co., Inc.
|
|
65,000
|
|
|
|
2,746,250
|
|
Department Stores - 1.3%
|
|
|
|
|
|
|
|
Kohl’s Corp. (1) (2)
|
|
42,000
|
|
|
|
2,131,500
|
|
Education Services - 1.1%
|
|
|
|
|
|
|
|
Apollo Group, Inc., Class A (1) (2)
|
|
33,500
|
|
|
|
1,780,860
|
|
Internet Retail - 3.5%
|
|
|
|
|
|
|
|
Amazon.com, Inc. (1) (2)
|
|
22,500
|
|
|
|
2,822,850
|
|
Expedia, Inc.
|
|
92,500
|
|
|
|
1,994,300
|
|
priceline.com, Inc. (1) (2)
|
|
5,300
|
|
|
|
1,013,148
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,830,298
|
|
Specialty Stores - 2.2%
|
|
|
|
|
|
|
|
Office Depot, Inc. (1) (2)
|
|
270,000
|
|
|
|
1,566,000
|
|
Staples, Inc. (1)
|
|
100,000
|
|
|
|
2,152,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,718,000
|
|
|
|
|
|
|
|
|
|
Total Consumer Discretionary
|
|
|
|
|
|
22,819,910
|
|
|
|
|
|
Consumer Staples - 6.8%
|
|
|
|
|
|
|
|
|
|
|
|
Soft Drinks - 3.6%
|
|
|
|
|
|
|
|
Coca-Cola Co.
|
|
65,500
|
|
|
|
3,366,700
|
|
PepsiCo, Inc.
|
|
44,000
|
|
|
|
2,767,160
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,133,860
|
|
Tobacco - 3.2%
|
|
|
|
|
|
|
|
Altria Group, Inc.
|
|
95,000
|
|
|
|
1,927,550
|
|
Philip Morris International, Inc.
|
|
76,500
|
|
|
|
3,375,180
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,302,730
|
|
|
|
|
|
|
|
|
|
Total Consumer Staples
|
|
|
|
|
|
11,436,590
|
|
|
|
|
|
Energy - 8.0%
|
|
|
|
|
|
|
|
|
|
|
|
Coal & Consumable Fuels - 0.8%
|
|
|
|
|
|
|
|
Consol Energy, Inc.
|
|
35,000
|
|
|
|
1,276,800
|
|
Oil & Gas-Equipment & Services - 4.4%
|
|
|
|
|
|
|
|
Dresser-Rand Group, Inc. (2)
|
|
48,788
|
|
|
|
1,552,922
|
|
Halliburton Co.
|
|
75,000
|
|
|
|
1,862,250
|
|
National Oilwell Varco, Inc.
|
|
65,000
|
|
|
|
2,478,450
|
|
Schlumberger, Ltd.
|
|
27,500
|
|
|
|
1,544,125
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,437,747
|
|
Oil & Gas-Exploration & Production - 2.8%
|
|
|
|
|
|
|
|
Brigham Exploration Co. (1) (2)
|
|
50,000
|
|
|
|
859,000
|
|
Petrohawk Energy Corp. (1) (2)
|
|
105,000
|
|
|
|
2,019,150
|
|
|
|
|
|
|
|
|
Southwestern Energy Co. (1) (2)
|
|
50,000
|
|
|
1,880,500
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,758,650
|
|
|
|
|
|
|
|
|
Total Energy
|
|
|
|
|
13,473,197
|
|
|
|
|
|
Financials - 3.5%
|
|
|
|
|
|
|
|
|
|
|
Asset Management & Custody Banks - 2.5%
|
|
|
|
|
|
|
Ameriprise Financial, Inc.
|
|
60,100
|
|
|
2,391,379
|
|
Invesco Ltd.
|
|
99,800
|
|
|
1,852,288
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,243,667
|
|
Diversified Banks - 1.0%
|
|
|
|
|
|
|
U.S. Bancorp
|
|
72,500
|
|
|
1,737,100
|
|
|
|
|
|
|
|
|
Total Financials
|
|
|
|
|
5,980,767
|
|
|
|
|
|
Healthcare - 15.7%
|
|
|
|
|
|
|
|
|
|
|
Biotechnology - 3.3%
|
|
|
|
|
|
|
Amgen, Inc. (2)
|
|
40,480
|
|
|
2,096,054
|
|
Gilead Sciences, Inc. (2)
|
|
98,300
|
|
|
3,530,936
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,626,990
|
|
Healthcare Equipment - 2.0%
|
|
|
|
|
|
|
Baxter International, Inc.
|
|
77,600
|
|
|
3,277,048
|
|
Healthcare Services - 4.4%
|
|
|
|
|
|
|
Express Scripts, Inc. (1) (2)
|
|
36,400
|
|
|
3,661,840
|
|
Medco Health Solutions, Inc. (2)
|
|
66,000
|
|
|
3,804,900
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,466,740
|
|
Life Sciences Tools & Services - 0.9%
|
|
|
|
|
|
|
Illumina, Inc. (1) (2)
|
|
35,000
|
|
|
1,471,400
|
|
Pharmaceuticals - 5.1%
|
|
|
|
|
|
|
Abbott Laboratories
|
|
55,000
|
|
|
2,615,800
|
|
Allergan, Inc.
|
|
37,400
|
|
|
2,251,106
|
|
Merck & Co., Inc.
|
|
110,000
|
|
|
3,705,900
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,572,806
|
|
|
|
|
|
|
|
|
Total Healthcare
|
|
|
|
|
26,414,984
|
|
|
|
|
|
Industrials - 10.4%
|
|
|
|
|
|
|
|
|
|
|
Construction & Engineering - 1.1%
|
|
|
|
|
|
|
Fluor Corp.
|
|
40,500
|
|
|
1,900,260
|
|
Electrical Components & Equipment - 1.9%
|
|
|
|
|
|
|
Emerson Electric Co.
|
|
30,000
|
|
|
1,393,200
|
|
SunPower Corp., Class B (1) (2)
|
|
155,000
|
|
|
1,796,450
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,189,650
|
|
Human Resource & Employment Services - 1.0%
|
|
|
|
|
|
|
Manpower, Inc.
|
|
37,000
|
|
|
1,691,270
|
|
Industrial Conglomerates - 2.6%
|
|
|
|
|
|
|
General Electric Co.
|
|
164,500
|
|
|
2,689,575
|
|
McDermott International, Inc. (1) (2)
|
|
75,000
|
|
|
1,663,500
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,353,075
|
|
Industrial Machinery - 2.6%
|
|
|
|
|
|
|
Illinois Tool Works, Inc. (1)
|
|
59,900
|
|
|
2,781,157
|
|
Parker Hannifin Corp.
|
|
25,700
|
|
|
1,579,522
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,360,679
|
|
Trucking - 1.2%
|
|
|
|
|
|
|
Con-way, Inc. (1)
|
|
58,000
|
|
|
1,973,160
|
|
|
|
|
|
|
|
|
Total Industrials
|
|
|
|
|
17,468,094
|
|
|
|
|
|
Information Technology - 34.8%
|
|
|
|
|
|
|
|
|
|
|
Application Software - 1.2%
|
|
|
|
|
|
|
Adobe Systems, Inc. (1) (2)
|
|
65,000
|
|
|
2,085,200
|
|
Communications Equipment - 5.9%
|
|
|
|
|
|
|
Brocade Communications Systems, Inc. (1) (2)
|
|
265,000
|
|
|
1,444,250
|
|
|
|
|
|
|
|
|
Cisco Systems, Inc. (2)
|
|
186,500
|
|
|
4,319,340
|
|
QUALCOMM, Inc.
|
|
115,000
|
|
|
4,089,400
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,852,990
|
|
Computer Hardware - 8.4%
|
|
|
|
|
|
|
Apple, Inc. (2)
|
|
36,200
|
|
|
9,309,192
|
|
Dell, Inc. (2)
|
|
93,000
|
|
|
1,239,690
|
|
Hewlett-Packard Co.
|
|
79,000
|
|
|
3,634,790
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,183,672
|
|
Computer Storage & Peripherals - 1.6%
|
|
|
|
|
|
|
NetApp, Inc. (1) (2)
|
|
40,000
|
|
|
1,507,200
|
|
Seagate Technology (1) (2)
|
|
80,000
|
|
|
1,228,800
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,736,000
|
|
Consulting & Other Services - 3.2%
|
|
|
|
|
|
|
International Business Machines Corp. (1)
|
|
43,000
|
|
|
5,386,180
|
|
Data Processing & Outsourced Services - 7.1%
|
|
|
|
|
|
|
Fidelity National Information Services, Inc.
|
|
80,000
|
|
|
2,201,600
|
|
MasterCard, Inc., Class A (1)
|
|
23,800
|
|
|
4,802,126
|
|
Paychex, Inc. (1)
|
|
70,000
|
|
|
1,997,800
|
|
Visa, Inc. (1)
|
|
40,400
|
|
|
2,927,384
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,928,910
|
|
Internet Software & Services - 5.4%
|
|
|
|
|
|
|
eBay, Inc. (2)
|
|
77,000
|
|
|
1,648,570
|
|
Google, Inc., Class A (2)
|
|
15,400
|
|
|
7,471,772
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,120,342
|
|
Systems Software - 2.0%
|
|
|
|
|
|
|
Microsoft Corp.
|
|
128,000
|
|
|
3,302,400
|
|
|
|
|
|
|
|
|
Total Information Technology
|
|
|
|
|
58,595,694
|
|
|
|
|
|
Materials - 4.6%
|
|
|
|
|
|
|
|
|
|
|
Diversified Chemicals - 1.2%
|
|
|
|
|
|
|
Dow Chemical Co.
|
|
75,500
|
|
|
2,031,705
|
|
Diversified Metals & Mining - 1.2%
|
|
|
|
|
|
|
Freeport-McMoRan Copper & Gold, Inc.
|
|
28,500
|
|
|
1,996,425
|
|
Specialty Chemicals - 1.1%
|
|
|
|
|
|
|
Albemarle Corp.
|
|
41,500
|
|
|
1,786,990
|
|
Steel - 1.1%
|
|
|
|
|
|
|
Steel Dynamics, Inc. (1)
|
|
128,200
|
|
|
1,880,694
|
|
|
|
|
|
|
|
|
Total Materials
|
|
|
|
|
7,695,814
|
|
|
|
|
|
|
|
|
Total Common Stocks
(identified cost $156,337,644)
|
|
|
|
|
163,885,050
|
|
Purchased Call Options - 0.5%
|
|
|
|
|
|
|
Exxon Mobil Corp., Exercise Price: $60.00, 7/17/2010 (2)
|
|
555
|
|
|
139,583
|
|
Goldman Sachs Group, Exercise Price: $145.00, 7/17/2010 (2)
|
|
120
|
|
|
108,300
|
|
Intel Corp., Exercise Price: $22.00, 7/17/2010 (2)
|
|
1,000
|
|
|
78,000
|
|
JPMorgan Chase & Co., Exercise Price: $39.00, 7/17/2010 (2)
|
|
430
|
|
|
112,445
|
|
McDonald’s Corp., Exercise Price: $67.50, 7/17/2010 (2)
|
|
300
|
|
|
51,600
|
|
Microsoft Corp., Exercise Price: $27.00, 7/17/2010 (2)
|
|
1,250
|
|
|
95,625
|
|
Oracle Corp., Exercise Price: $23.00, 6/19/2010 (2)
|
|
1,150
|
|
|
48,300
|
|
Wal-Mart Stores, Inc., Exercise Price: $50.00, 7/17/2010 (2)
|
|
775
|
|
|
146,862
|
|
|
|
|
|
|
|
|
Total Purchased Call Options
(identified cost $869,376)
|
|
|
|
|
780,715
|
|
Short-Term Investments - 27.5%
|
|
|
|
|
|
|
Collateral Pool Investment for Securities on Loan - 26.1%
|
|
|
|
|
|
|
(See Note 2 of the Schedule of Investments)
|
|
|
|
|
43,918,541
|
|
|
|
|
|
|
|
|
|
|
|
Repurchase Agreement - 1.4%
|
|
|
|
|
|
|
|
|
|
Agreement with Morgan Stanley & Co., Inc., 0.180%, dated 5/28/2010, to be repurchased at $2,349,922 on 6/1/2010,
collateralized by a U.S. Government Agency Obligation with a maturity of 2/5/2013, with a market value of $2,418,099 (at amortized cost)
|
|
$
|
2,349,875
|
|
|
|
2,349,875
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments
(identified cost $46,268,416)
|
|
|
|
|
|
|
46,268,416
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments - 125.4%
(identified cost $203,475,436)
|
|
|
|
|
|
|
210,934,181
|
|
|
Other Assets and Liabilities - (25.4)%
|
|
|
|
|
|
|
(42,706,775
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Assets - 100.0%
|
|
|
|
|
|
$
|
168,227,406
|
|
|
|
|
|
|
|
|
|
|
|
Mid-Cap Value Fund
SCHEDULE OF INVESTMENTS - As of May 31, 2010
(Unaudited)
|
|
|
|
|
|
|
|
|
Description
|
|
Shares or
Principal
Amount
|
|
|
Value
|
|
Common Stocks - 98.0%
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Discretionary - 14.3%
|
|
|
|
|
|
|
|
|
|
|
|
Advertising - 1.7%
|
|
|
|
|
|
|
|
Interpublic Group of Cos., Inc. (1) (2)
|
|
500,000
|
|
|
$
|
4,175,000
|
|
Apparel Retail - 2.7%
|
|
|
|
|
|
|
|
Gap, Inc. (1)
|
|
134,000
|
|
|
|
2,921,200
|
|
Limited Brands, Inc. (1)
|
|
142,500
|
|
|
|
3,542,550
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,463,750
|
|
Cable & Satellite - 2.4%
|
|
|
|
|
|
|
|
DIRECTV Group, Inc., Class A (1) (2)
|
|
64,300
|
|
|
|
2,423,467
|
|
Liberty Global, Inc. (1) (2)
|
|
132,500
|
|
|
|
3,418,500
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,841,967
|
|
Catalog Retail - 1.5%
|
|
|
|
|
|
|
|
Liberty Media Corp. - Interactive (1) (2)
|
|
281,400
|
|
|
|
3,649,758
|
|
Department Stores - 1.1%
|
|
|
|
|
|
|
|
Kohl’s Corp. (1) (2)
|
|
50,700
|
|
|
|
2,573,025
|
|
Household Appliances - 1.5%
|
|
|
|
|
|
|
|
Whirlpool Corp. (1)
|
|
35,900
|
|
|
|
3,749,396
|
|
Internet Retail - 1.1%
|
|
|
|
|
|
|
|
Expedia, Inc.
|
|
119,300
|
|
|
|
2,572,108
|
|
Leisure Products - 1.2%
|
|
|
|
|
|
|
|
Mattel, Inc.
|
|
132,000
|
|
|
|
2,859,120
|
|
Specialty Stores - 1.1%
|
|
|
|
|
|
|
|
Staples, Inc.
|
|
120,600
|
|
|
|
2,595,312
|
|
|
|
|
|
|
|
|
|
Total Consumer Discretionary
|
|
|
|
|
|
34,479,436
|
|
|
|
|
|
Consumer Staples - 5.4%
|
|
|
|
|
|
|
|
|
|
|
|
Food Retail - 2.6%
|
|
|
|
|
|
|
|
Kroger Co.
|
|
124,400
|
|
|
|
2,504,172
|
|
Safeway, Inc.
|
|
167,300
|
|
|
|
3,704,022
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,208,194
|
|
Packaged Foods & Meats - 1.6%
|
|
|
|
|
|
|
|
ConAgra Foods, Inc.
|
|
164,900
|
|
|
|
3,987,282
|
|
Tobacco - 1.2%
|
|
|
|
|
|
|
|
Lorillard, Inc.
|
|
39,800
|
|
|
|
2,845,302
|
|
|
|
|
|
|
|
|
|
Total Consumer Staples
|
|
|
|
|
|
13,040,778
|
|
|
|
|
|
Energy - 6.9%
|
|
|
|
|
|
|
|
|
|
|
|
Oil & Gas-Drilling - 2.8%
|
|
|
|
|
|
|
|
Helmerich & Payne, Inc. (1)
|
|
83,200
|
|
|
|
3,134,976
|
|
Noble Corp. (2)
|
|
126,100
|
|
|
|
3,665,727
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,800,703
|
|
Oil & Gas-Equipment & Services - 1.9%
|
|
|
|
|
|
|
|
Oil States International, Inc. (2)
|
|
29,600
|
|
|
|
1,155,584
|
|
Tidewater, Inc.
|
|
80,800
|
|
|
|
3,378,248
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,533,832
|
|
Oil & Gas-Exploration & Production - 2.2%
|
|
|
|
|
|
|
|
Noble Energy, Inc.
|
|
40,900
|
|
|
|
2,433,141
|
|
|
|
|
|
|
|
|
Plains Exploration & Production Co. (2)
|
|
136,000
|
|
|
3,005,600
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,438,741
|
|
|
|
|
|
|
|
|
Total Energy
|
|
|
|
|
16,773,276
|
|
|
|
|
|
Financials - 24.6%
|
|
|
|
|
|
|
|
|
|
|
Asset Management & Custody Banks - 4.9%
|
|
|
|
|
|
|
Affiliated Managers Group, Inc. (1) (2)
|
|
47,900
|
|
|
3,432,035
|
|
Ameriprise Financial, Inc.
|
|
85,500
|
|
|
3,402,045
|
|
Invesco Ltd. (1)
|
|
157,600
|
|
|
2,925,056
|
|
State Street Corp.
|
|
57,600
|
|
|
2,198,592
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,957,728
|
|
Consumer Finance - 3.2%
|
|
|
|
|
|
|
Capital One Financial Corp. (1)
|
|
94,100
|
|
|
3,886,330
|
|
Discover Financial Services
|
|
280,200
|
|
|
3,768,690
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,655,020
|
|
Diversified Banks - 1.3%
|
|
|
|
|
|
|
Comerica, Inc.
|
|
84,700
|
|
|
3,227,070
|
|
Life & Health Insurance - 4.6%
|
|
|
|
|
|
|
Lincoln National Corp.
|
|
141,600
|
|
|
3,746,736
|
|
Principal Financial Group, Inc. (1)
|
|
128,900
|
|
|
3,504,791
|
|
Protective Life Corp.
|
|
179,200
|
|
|
3,856,384
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,107,911
|
|
Office REIT’s - 1.2%
|
|
|
|
|
|
|
Mack-Cali Realty Corp. (1)
|
|
84,800
|
|
|
2,796,704
|
|
Property & Casualty Insurance - 1.0%
|
|
|
|
|
|
|
Hanover Insurance Group, Inc.
|
|
55,900
|
|
|
2,431,650
|
|
Regional Banks - 4.7%
|
|
|
|
|
|
|
Associated Banc-Corp. (1)
|
|
213,000
|
|
|
2,860,590
|
|
CapitalSource, Inc.
|
|
609,300
|
|
|
2,766,222
|
|
Fifth Third Bancorp (1)
|
|
234,410
|
|
|
3,044,986
|
|
Popular, Inc. (1) (2)
|
|
849,100
|
|
|
2,572,773
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,244,571
|
|
Reinsurance - 2.7%
|
|
|
|
|
|
|
PartnerRe Ltd.
|
|
32,900
|
|
|
2,400,055
|
|
Reinsurance Group of America, Inc. (1)
|
|
87,100
|
|
|
4,091,087
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,491,142
|
|
Specialized REIT’s - 1.0%
|
|
|
|
|
|
|
Sovran Self Storage, Inc. (1)
|
|
67,800
|
|
|
2,442,834
|
|
|
|
|
|
|
|
|
Total Financials
|
|
|
|
|
59,354,630
|
|
|
|
|
|
Healthcare - 8.7%
|
|
|
|
|
|
|
|
|
|
|
Healthcare Distributors - 2.2%
|
|
|
|
|
|
|
AmerisourceBergen Corp. (1)
|
|
169,400
|
|
|
5,298,832
|
|
Healthcare Facilities - 1.9%
|
|
|
|
|
|
|
Community Health Systems, Inc. (1) (2)
|
|
116,600
|
|
|
4,545,068
|
|
Healthcare Services - 1.6%
|
|
|
|
|
|
|
DaVita, Inc. (2)
|
|
61,400
|
|
|
3,894,602
|
|
Life Sciences Tools & Services - 1.6%
|
|
|
|
|
|
|
Thermo Fisher Scientific, Inc. (1) (2)
|
|
73,300
|
|
|
3,815,998
|
|
Managed Healthcare - 1.4%
|
|
|
|
|
|
|
CIGNA Corp.
|
|
102,900
|
|
|
3,444,063
|
|
|
|
|
|
|
|
|
Total Healthcare
|
|
|
|
|
20,998,563
|
|
|
|
|
|
Industrials - 12.1%
|
|
|
|
|
|
|
Construction & Engineering - 1.5%
|
|
|
|
|
|
|
Jacobs Engineering Group, Inc. (1) (2)
|
|
86,000
|
|
|
3,591,360
|
|
Diversified Support Services - 1.5%
|
|
|
|
|
|
|
Cintas Corp. (1)
|
|
136,650
|
|
|
3,552,900
|
|
|
|
|
|
|
|
|
Electrical Components & Equipment - 2.7%
|
|
|
|
|
|
|
Cooper Industries, PLC
|
|
62,100
|
|
|
2,916,837
|
|
Thomas & Betts Corp. (1) (2)
|
|
93,100
|
|
|
3,569,454
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,486,291
|
|
Environmental & Facilities Services - 1.3%
|
|
|
|
|
|
|
Republic Services, Inc.
|
|
109,000
|
|
|
3,174,080
|
|
Human Resource & Employment Services - 1.2%
|
|
|
|
|
|
|
Manpower, Inc.
|
|
64,000
|
|
|
2,925,440
|
|
Industrial Conglomerates - 1.2%
|
|
|
|
|
|
|
Carlisle Companies, Inc.
|
|
76,200
|
|
|
2,963,418
|
|
Industrial Machinery - 1.6%
|
|
|
|
|
|
|
Eaton Corp. (1)
|
|
55,800
|
|
|
3,903,210
|
|
Marine - 1.1%
|
|
|
|
|
|
|
Diana Shipping, Inc. (1) (2)
|
|
194,700
|
|
|
2,640,132
|
|
|
|
|
|
|
|
|
Total Industrials
|
|
|
|
|
29,236,831
|
|
|
|
|
|
Information Technology - 10.9%
|
|
|
|
|
|
|
|
|
|
|
Application Software - 1.1%
|
|
|
|
|
|
|
Synopsys, Inc. (1) (2)
|
|
128,900
|
|
|
2,761,038
|
|
Computer Storage & Peripherals - 1.6%
|
|
|
|
|
|
|
Lexmark International, Inc., Class A (1) (2)
|
|
102,700
|
|
|
3,856,385
|
|
Consulting & Other Services - 1.5%
|
|
|
|
|
|
|
Amdocs, Ltd. (2)
|
|
122,600
|
|
|
3,494,100
|
|
Data Processing & Outsourced Services - 1.5%
|
|
|
|
|
|
|
Computer Sciences Corp. (2)
|
|
46,600
|
|
|
2,329,534
|
|
Western Union Co.
|
|
75,200
|
|
|
1,200,192
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,529,726
|
|
Office Electronics - 1.3%
|
|
|
|
|
|
|
Xerox Corp. (1)
|
|
338,300
|
|
|
3,149,573
|
|
Semiconductors - 0.9%
|
|
|
|
|
|
|
Maxim Integrated Products, Inc. (1)
|
|
127,600
|
|
|
2,266,176
|
|
|
|
|
|
Technology Distributors - 3.0%
|
|
|
|
|
|
|
Avnet, Inc. (1) (2)
|
|
122,800
|
|
|
3,526,816
|
|
Ingram Micro, Inc. (2)
|
|
218,700
|
|
|
3,709,152
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,235,968
|
|
|
|
|
|
|
|
|
Total Information Technology
|
|
|
|
|
26,292,966
|
|
|
|
|
|
Materials - 6.9%
|
|
|
|
|
|
|
Diversified Chemicals - 1.6%
|
|
|
|
|
|
|
PPG Industries, Inc.
|
|
60,330
|
|
|
3,865,343
|
|
Paper Packaging - 1.6%
|
|
|
|
|
|
|
Sealed Air Corp.
|
|
184,100
|
|
|
3,836,644
|
|
Paper Products - 1.5%
|
|
|
|
|
|
|
MeadWestvaco Corp. (1)
|
|
148,470
|
|
|
3,548,433
|
|
Steel - 2.2%
|
|
|
|
|
|
|
Nucor Corp. (1)
|
|
28,000
|
|
|
1,205,400
|
|
Reliance Steel & Aluminum Co.
|
|
90,100
|
|
|
4,136,491
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,341,891
|
|
|
|
|
|
|
|
|
Total Materials
|
|
|
|
|
16,592,311
|
|
|
|
|
|
Telecommunication Services - 2.2%
|
|
|
|
|
|
|
|
|
|
|
Integrated Telecommunication Services - 2.2%
|
|
|
|
|
|
|
Qwest Communications International, Inc. (1)
|
|
993,050
|
|
|
5,203,582
|
|
Utilities - 6.0%
|
|
|
|
|
|
|
Electric Utilities - 1.5%
|
|
|
|
|
|
|
Edison International
|
|
110,700
|
|
|
3,582,252
|
|
|
|
|
|
|
|
|
|
|
|
Gas Utilities - 1.4%
|
|
|
|
|
|
|
|
|
|
EQT Corp. (1)
|
|
|
90,600
|
|
|
|
3,550,614
|
|
|
Multi-Utilities - 3.1%
|
|
|
|
|
|
|
|
|
|
CMS Energy Corp.
|
|
|
254,300
|
|
|
|
3,733,124
|
|
|
Sempra Energy
|
|
|
81,600
|
|
|
|
3,753,600
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,486,724
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Utilities
|
|
|
|
|
|
|
14,619,590
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Common Stocks
(identified cost $212,177,751)
|
|
|
|
|
|
|
236,591,963
|
|
|
|
|
|
|
Short-Term Investments - 37.4%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Collateral Pool Investment for Securities on Loan - 35.4%
(See Note 2 of the Schedule of Investments)
|
|
|
|
|
|
|
85,516,229
|
|
|
|
|
|
|
Repurchase Agreement - 2.0%
|
|
|
|
|
|
|
|
|
|
Agreement with Morgan Stanley & Co., Inc., 0.180%, dated 5/28/2010, to be repurchased at $4,812,499 on 6/1/2010,
collateralized by a U.S. Government Agency Obligation with a maturity of 9/5/2013, with a market value of $4,937,559 (at amortized cost)
|
|
$
|
4,812,403
|
|
|
|
4,812,403
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments
(identified cost $90,328,632)
|
|
|
|
|
|
|
90,328,632
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments - 135.4%
(identified cost $302,506,383)
|
|
|
|
|
|
|
326,920,595
|
|
|
Other Assets and Liabilities - (35.4)%
|
|
|
|
|
|
|
(85,412,411
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Assets - 100.0%
|
|
|
|
|
|
$
|
241,508,184
|
|
|
|
|
|
|
|
|
|
|
|
Mid-Cap Growth Fund
SCHEDULE OF INVESTMENTS - As of May 31, 2010
(Unaudited)
|
|
|
|
|
|
|
|
|
Description
|
|
Shares or
Principal
Amount
|
|
|
Value
|
|
Common Stocks - 97.9%
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Discretionary - 18.7%
|
|
|
|
|
|
|
|
|
|
|
|
Apparel Retail - 5.4%
|
|
|
|
|
|
|
|
Chico’s FAS, Inc.
|
|
182,900
|
|
|
$
|
2,236,867
|
|
Gap, Inc. (1)
|
|
98,400
|
|
|
|
2,145,120
|
|
Guess?, Inc. (1)
|
|
51,800
|
|
|
|
1,967,882
|
|
Limited Brands, Inc. (1)
|
|
104,100
|
|
|
|
2,587,926
|
|
TJX Cos., Inc. (1)
|
|
58,500
|
|
|
|
2,659,410
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,597,205
|
|
Apparel, Accessories & Luxury Goods - 2.4%
|
|
|
|
|
|
|
|
Coach, Inc.
|
|
64,200
|
|
|
|
2,639,262
|
|
Phillips-Van Heusen Corp.
|
|
45,570
|
|
|
|
2,494,046
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,133,308
|
|
Automotive Retail - 1.3%
|
|
|
|
|
|
|
|
O’Reilly Automotive, Inc. (1) (2)
|
|
56,300
|
|
|
|
2,872,426
|
|
Department Stores - 1.2%
|
|
|
|
|
|
|
|
Kohl’s Corp. (1) (2)
|
|
49,800
|
|
|
|
2,527,350
|
|
General Merchandise Stores - 2.5%
|
|
|
|
|
|
|
|
Big Lots, Inc. (1) (2)
|
|
90,800
|
|
|
|
3,207,964
|
|
Dollar Tree, Inc. (1) (2)
|
|
35,000
|
|
|
|
2,190,650
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,398,614
|
|
Homefurnishing Retail - 0.9%
|
|
|
|
|
|
|
|
Bed Bath & Beyond, Inc. (1) (2)
|
|
44,000
|
|
|
|
1,974,280
|
|
Hotels, Resorts & Cruise Lines - 0.8%
|
|
|
|
|
|
|
|
Marriott International, Inc., Class A (1)
|
|
54,100
|
|
|
|
1,809,645
|
|
Housewares & Specialties - 2.0%
|
|
|
|
|
|
|
|
Jarden Corp.
|
|
147,800
|
|
|
|
4,302,458
|
|
Specialized Consumer Services - 1.8%
|
|
|
|
|
|
|
|
Coinstar, Inc. (1) (2)
|
|
72,600
|
|
|
|
3,895,716
|
|
Specialty Stores - 0.4%
|
|
|
|
|
|
|
|
Tiffany & Co.
|
|
18,700
|
|
|
|
849,541
|
|
|
|
|
|
|
|
|
|
Total Consumer Discretionary
|
|
|
|
|
|
40,360,543
|
|
|
|
|
|
Consumer Staples - 2.2%
|
|
|
|
|
|
|
|
|
|
|
|
Soft Drinks - 2.2%
|
|
|
|
|
|
|
|
Heckmann Corp. (1) (2)
|
|
879,300
|
|
|
|
4,695,462
|
|
|
|
|
|
Energy - 9.1%
|
|
|
|
|
|
|
|
|
|
|
|
Oil & Gas-Exploration & Production - 9.1%
|
|
|
|
|
|
|
|
Energy XXI (Bermuda), Ltd. (1) (2)
|
|
621,013
|
|
|
|
9,880,317
|
|
McMoRan Exploration Co. (1) (2)
|
|
664,300
|
|
|
|
7,141,225
|
|
Petrohawk Energy Corp. (1) (2)
|
|
143,700
|
|
|
|
2,763,351
|
|
|
|
|
|
|
|
|
|
Total Energy
|
|
|
|
|
|
19,784,893
|
|
|
|
|
|
Financials - 3.9%
|
|
|
|
|
|
|
|
|
|
|
|
Asset Management & Custody Banks - 3.9%
|
|
|
|
|
|
|
|
Affiliated Managers Group, Inc. (1) (2)
|
|
39,300
|
|
|
|
2,815,845
|
|
Ameriprise Financial, Inc.
|
|
72,400
|
|
|
|
2,880,796
|
|
SEI Investments Co.
|
|
80,200
|
|
|
|
1,691,418
|
|
Waddell & Reed Financial, Inc., Class A (1)
|
|
38,200
|
|
|
|
1,024,142
|
|
|
|
|
|
|
|
|
|
Total Financials
|
|
|
|
|
|
8,412,201
|
|
|
|
|
|
|
|
|
Healthcare - 15.1%
|
|
|
|
|
|
|
|
|
|
|
Biotechnology - 1.1%
|
|
|
|
|
|
|
Alexion Pharmaceuticals, Inc. (1) (2)
|
|
48,300
|
|
|
2,416,449
|
|
Healthcare Equipment - 2.5%
|
|
|
|
|
|
|
CareFusion Corp. (1) (2)
|
|
64,000
|
|
|
1,626,880
|
|
Edwards Lifesciences Corp. (1) (2)
|
|
40,200
|
|
|
2,031,306
|
|
NuVasive, Inc. (1) (2)
|
|
42,700
|
|
|
1,676,829
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,335,015
|
|
Healthcare Facilities - 1.2%
|
|
|
|
|
|
|
Community Health Systems, Inc. (1) (2)
|
|
65,600
|
|
|
2,557,088
|
|
Healthcare Services - 4.3%
|
|
|
|
|
|
|
Amedisys, Inc. (1) (2)
|
|
42,300
|
|
|
2,103,156
|
|
Emergency Medical Services Corp., Class A (2)
|
|
53,400
|
|
|
2,860,638
|
|
Express Scripts, Inc. (1) (2)
|
|
42,600
|
|
|
4,285,560
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,249,354
|
|
Life Sciences Tools & Services - 2.0%
|
|
|
|
|
|
|
Life Technologies Corp. (1) (2)
|
|
43,500
|
|
|
2,177,610
|
|
Mettler-Toledo International, Inc. (1) (2)
|
|
19,200
|
|
|
2,198,976
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,376,586
|
|
Pharmaceuticals - 4.0%
|
|
|
|
|
|
|
Mylan, Inc. (1) (2)
|
|
80,900
|
|
|
1,572,696
|
|
Shire PLC, ADR (1)
|
|
43,500
|
|
|
2,662,635
|
|
Valeant Pharmaceuticals International (1) (2)
|
|
53,300
|
|
|
2,477,384
|
|
Watson Pharmaceuticals, Inc. (1) (2)
|
|
43,500
|
|
|
1,920,960
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,633,675
|
|
|
|
|
|
|
|
|
Total Healthcare
|
|
|
|
|
32,568,167
|
|
|
|
|
|
Industrials - 16.7%
|
|
|
|
|
|
|
|
|
|
|
Aerospace & Defense - 1.0%
|
|
|
|
|
|
|
Goodrich Corp.
|
|
30,800
|
|
|
2,137,520
|
|
Construction & Farm Machinery & Heavy Trucks - 0.9%
|
|
|
|
|
|
|
Joy Global, Inc.
|
|
40,600
|
|
|
2,070,600
|
|
Electrical Components & Equipment - 5.9%
|
|
|
|
|
|
|
AMETEK, Inc.
|
|
53,400
|
|
|
2,168,040
|
|
Cooper Industries, PLC
|
|
56,000
|
|
|
2,630,320
|
|
Regal Beloit Corp.
|
|
42,700
|
|
|
2,574,383
|
|
Rockwell Automation, Inc. (1)
|
|
46,200
|
|
|
2,468,466
|
|
Roper Industries, Inc. (1)
|
|
49,600
|
|
|
2,877,792
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,719,001
|
|
Industrial Conglomerates - 1.4%
|
|
|
|
|
|
|
Tyco International, Ltd.
|
|
82,500
|
|
|
2,985,675
|
|
Industrial Machinery - 4.0%
|
|
|
|
|
|
|
IDEX Corp. (1)
|
|
71,900
|
|
|
2,195,826
|
|
Ingersoll-Rand Co., Ltd., Class A (1)
|
|
64,200
|
|
|
2,395,302
|
|
Middleby Corp. (1) (2)
|
|
19,000
|
|
|
1,069,890
|
|
Parker Hannifin Corp.
|
|
47,600
|
|
|
2,925,496
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,586,514
|
|
Railroads - 1.2%
|
|
|
|
|
|
|
Kansas City Southern (1) (2)
|
|
68,900
|
|
|
2,629,913
|
|
Trading Companies & Distributors - 1.2%
|
|
|
|
|
|
|
MSC Industrial Direct Co., Class A (1)
|
|
51,600
|
|
|
2,669,784
|
|
Trucking - 1.1%
|
|
|
|
|
|
|
J.B. Hunt Transport Services, Inc.
|
|
67,900
|
|
|
2,344,587
|
|
|
|
|
|
|
|
|
Total Industrials
|
|
|
|
|
36,143,594
|
|
|
|
|
|
Information Technology - 27.4%
|
|
|
|
|
|
|
|
|
|
|
Application Software - 4.4%
|
|
|
|
|
|
|
Ebix, Inc. (2)
|
|
458,800
|
|
|
7,010,464
|
|
|
|
|
|
|
|
|
Informatica Corp. (1) (2)
|
|
94,000
|
|
|
2,425,200
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,435,664
|
|
Communications Equipment - 1.3%
|
|
|
|
|
|
|
JDS Uniphase Corp. (1) (2)
|
|
236,700
|
|
|
2,722,050
|
|
Computer Storage & Peripherals - 4.1%
|
|
|
|
|
|
|
Quantum Corp. (1) (2)
|
|
2,355,400
|
|
|
5,535,190
|
|
Western Digital Corp. (1) (2)
|
|
97,200
|
|
|
3,383,532
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,918,722
|
|
Consulting & Other Services - 1.2%
|
|
|
|
|
|
|
Cognizant Technology Solutions Corp., Class A (1) (2)
|
|
53,500
|
|
|
2,677,140
|
|
Data Processing & Outsourced Services - 1.2%
|
|
|
|
|
|
|
Alliance Data Systems Corp. (1) (2)
|
|
37,300
|
|
|
2,635,618
|
|
Electronic Components - 1.1%
|
|
|
|
|
|
|
Amphenol Corp., Class A
|
|
55,300
|
|
|
2,344,720
|
|
Internet Software & Services - 1.9%
|
|
|
|
|
|
|
Equinix, Inc. (1) (2)
|
|
23,000
|
|
|
2,116,230
|
|
Rackspace Hosting, Inc. (1) (2)
|
|
114,600
|
|
|
2,016,960
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,133,190
|
|
Semiconductor Equipment - 2.2%
|
|
|
|
|
|
|
ASML Holding N.V. (1)
|
|
75,300
|
|
|
2,127,978
|
|
Teradyne, Inc. (1) (2)
|
|
233,800
|
|
|
2,567,124
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,695,102
|
|
Semiconductors - 7.1%
|
|
|
|
|
|
|
Cypress Semiconductor Corp. (1) (2)
|
|
203,600
|
|
|
2,319,004
|
|
Integrated Device Technology, Inc. (2)
|
|
262,300
|
|
|
1,531,832
|
|
LSI Corp. (1) (2)
|
|
400,900
|
|
|
2,136,797
|
|
Micron Technology, Inc. (1) (2)
|
|
384,500
|
|
|
3,495,105
|
|
ON Semiconductor Corp. (1) (2)
|
|
283,000
|
|
|
2,068,730
|
|
Power Integrations, Inc.
|
|
50,500
|
|
|
1,715,990
|
|
Silicon Laboratories, Inc. (1) (2)
|
|
45,600
|
|
|
2,071,608
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,339,066
|
|
Systems Software - 2.9%
|
|
|
|
|
|
|
Check Point Software Technologies, Ltd. (1) (2)
|
|
71,900
|
|
|
2,205,173
|
|
Progress Software Corp. (2)
|
|
53,400
|
|
|
1,705,596
|
|
Rovi Corp. (1) (2)
|
|
66,200
|
|
|
2,471,908
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,382,677
|
|
|
|
|
|
|
|
|
Total Information Technology
|
|
|
|
|
59,283,949
|
|
|
|
|
|
Materials - 2.7%
|
|
|
|
|
|
|
|
|
|
|
Diversified Metals & Mining - 1.4%
|
|
|
|
|
|
|
Taseko Mines, Ltd. (1) (2)
|
|
550,000
|
|
|
2,920,500
|
|
Industrial Gases - 1.3%
|
|
|
|
|
|
|
Praxair, Inc.
|
|
37,500
|
|
|
2,910,000
|
|
|
|
|
|
|
|
|
Total Materials
|
|
|
|
|
5,830,500
|
|
|
|
|
|
Telecommunication Services - 2.1%
|
|
|
|
|
|
|
|
|
|
|
Wireless Telecommunication Services - 2.1%
|
|
|
|
|
|
|
American Tower Corp., Class A (2)
|
|
56,000
|
|
|
2,269,680
|
|
Crown Castle International Corp. (1) (2)
|
|
62,200
|
|
|
2,303,266
|
|
|
|
|
|
|
|
|
Total Telecommunication Services
|
|
|
|
|
4,572,946
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Common Stocks
(identified cost $182,280,313)
|
|
|
|
|
211,652,255
|
|
|
|
|
|
Short-Term Investments - 49.6%
|
|
|
|
|
|
|
|
|
|
|
Collateral Pool Investment for Securities on Loan - 47.8%
(See Note 2 of the Schedule of Investments)
|
|
|
|
|
103,141,405
|
|
|
|
|
|
|
|
|
|
|
|
Repurchase Agreement - 1.8%
|
|
|
|
|
|
|
|
|
|
Agreement with Morgan Stanley & Co., Inc., 0.180%, dated 5/28/2010, to be repurchased at $3,975,994 on 6/1/2010,
collateralized by a U.S. Government Agency Obligation with a maturity of 9/5/2013, with a market value of $4,077,760 (at amortized cost)
|
|
$
|
3,975,914
|
|
|
|
3,975,914
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments
(identified cost $107,117,319)
|
|
|
|
|
|
|
107,117,319
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments - 147.5%
(identified cost $289,397,632)
|
|
|
|
|
|
|
318,769,574
|
|
|
Other Assets and Liabilities - (47.5)%
|
|
|
|
|
|
|
(102,597,499
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Assets - 100.0%
|
|
|
|
|
|
$
|
216,172,075
|
|
|
|
|
|
|
|
|
|
|
|
Small-Cap Growth Fund
SCHEDULE OF INVESTMENTS - As of May 31, 2010
(Unaudited)
|
|
|
|
|
|
|
|
|
Description
|
|
Shares or
Principal
Amount
|
|
|
Value
|
|
Common Stocks - 97.9%
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Discretionary - 14.0%
|
|
|
|
|
|
|
|
|
|
|
|
Auto Parts & Equipment - 1.2%
|
|
|
|
|
|
|
|
Amerigon, Inc. (1) (2)
|
|
532,700
|
|
|
$
|
4,698,414
|
|
Education Services - 0.8%
|
|
|
|
|
|
|
|
ChinaCast Education Corp. (2)
|
|
462,000
|
|
|
|
3,053,820
|
|
Footwear - 1.2%
|
|
|
|
|
|
|
|
Steven Madden, Ltd. (1) (2)
|
|
137,800
|
|
|
|
4,647,994
|
|
General Merchandise Stores - 1.6%
|
|
|
|
|
|
|
|
Big Lots, Inc. (1) (2)
|
|
165,900
|
|
|
|
5,861,247
|
|
Home Furnishings - 1.1%
|
|
|
|
|
|
|
|
La-Z-Boy, Inc. (1) (2)
|
|
346,600
|
|
|
|
4,114,142
|
|
Hotels, Resorts & Cruise Lines - 1.2%
|
|
|
|
|
|
|
|
Universal Travel Group (1) (2)
|
|
529,800
|
|
|
|
4,429,128
|
|
Housewares & Specialties - 1.6%
|
|
|
|
|
|
|
|
Jarden Corp.
|
|
212,600
|
|
|
|
6,188,786
|
|
Publishing - 1.4%
|
|
|
|
|
|
|
|
Dolan Media Co. (1) (2)
|
|
434,200
|
|
|
|
5,340,660
|
|
Restaurants - 2.1%
|
|
|
|
|
|
|
|
Biglari Holdings, Inc. (1) (2)
|
|
25,400
|
|
|
|
7,724,140
|
|
Specialized Consumer Services - 1.8%
|
|
|
|
|
|
|
|
Coinstar, Inc. (1) (2)
|
|
125,500
|
|
|
|
6,734,330
|
|
|
|
|
|
|
|
|
|
Total Consumer Discretionary
|
|
|
|
|
|
52,792,661
|
|
|
|
|
|
Consumer Staples - 3.4%
|
|
|
|
|
|
|
|
|
|
|
|
Personal Products - 0.8%
|
|
|
|
|
|
|
|
China-Biotics, Inc. (1) (2)
|
|
203,800
|
|
|
|
2,918,416
|
|
Soft Drinks - 2.6%
|
|
|
|
|
|
|
|
Heckmann Corp. (1) (2)
|
|
1,836,400
|
|
|
|
9,806,376
|
|
|
|
|
|
|
|
|
|
Total Consumer Staples
|
|
|
|
|
|
12,724,792
|
|
|
|
|
|
Energy - 9.3%
|
|
|
|
|
|
|
|
|
|
|
|
Oil & Gas-Exploration & Production - 9.3%
|
|
|
|
|
|
|
|
Energy XXI (Bermuda), Ltd. (1) (2)
|
|
1,069,750
|
|
|
|
17,019,723
|
|
McMoRan Exploration Co. (1) (2)
|
|
1,070,500
|
|
|
|
11,507,875
|
|
Resolute Energy Corp. (1) (2)
|
|
236,000
|
|
|
|
2,971,240
|
|
Toreador Resources Corp. (2) (5)
|
|
227,200
|
|
|
|
1,599,488
|
|
Venoco, Inc. (2) (5)
|
|
135,100
|
|
|
|
1,954,897
|
|
|
|
|
|
|
|
|
|
Total Energy
|
|
|
|
|
|
35,053,223
|
|
|
|
|
|
Financials - 5.9%
|
|
|
|
|
|
|
|
|
|
|
|
Asset Management & Custody Banks - 3.2%
|
|
|
|
|
|
|
|
Affiliated Managers Group, Inc. (1) (2)
|
|
81,700
|
|
|
|
5,853,805
|
|
Safeguard Scientifics, Inc. (2)
|
|
542,300
|
|
|
|
6,127,990
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,981,795
|
|
Investment Banking & Brokerage - 2.2%
|
|
|
|
|
|
|
|
LaBranche & Co., Inc. (1) (2)
|
|
1,917,776
|
|
|
|
8,150,548
|
|
Reinsurance - 0.5%
|
|
|
|
|
|
|
|
Enstar Group, Ltd. (1) (2)
|
|
33,500
|
|
|
|
2,097,100
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Financials
|
|
|
|
|
22,229,443
|
|
|
|
|
|
Healthcare - 19.1%
|
|
|
|
|
|
|
|
|
|
|
Biotechnology - 2.3%
|
|
|
|
|
|
|
Alexion Pharmaceuticals, Inc. (1) (2)
|
|
79,800
|
|
|
3,992,394
|
|
Martek Biosciences Corp. (1) (2)
|
|
81,900
|
|
|
1,522,521
|
|
United Therapeutics Corp. (1) (2)
|
|
63,600
|
|
|
3,257,592
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,772,507
|
|
Healthcare Equipment - 4.7%
|
|
|
|
|
|
|
DexCom, Inc. (1) (2)
|
|
346,900
|
|
|
3,652,857
|
|
DynaVox, Inc., Class A (1) (2)
|
|
234,300
|
|
|
3,477,012
|
|
ev3, Inc. (1) (2)
|
|
193,000
|
|
|
3,651,560
|
|
Thoratec Corp. (1) (2)
|
|
74,600
|
|
|
3,272,702
|
|
Volcano Corp. (1) (2)
|
|
166,500
|
|
|
3,694,635
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17,748,766
|
|
Healthcare Facilities - 3.9%
|
|
|
|
|
|
|
Emeritus Corp. (1) (2)
|
|
136,100
|
|
|
2,761,469
|
|
Hanger Orthopedic Group, Inc. (2)
|
|
245,900
|
|
|
4,192,595
|
|
Health Management Associates, Inc., Class A (1) (2)
|
|
492,900
|
|
|
4,583,970
|
|
Tenet Healthcare Corp. (2)
|
|
574,200
|
|
|
3,284,424
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,822,458
|
|
Healthcare Services - 3.9%
|
|
|
|
|
|
|
Amedisys, Inc. (1) (2)
|
|
74,000
|
|
|
3,679,280
|
|
Clarient, Inc. (1) (2)
|
|
1,511,600
|
|
|
4,580,148
|
|
Genoptix, Inc. (1) (2)
|
|
118,900
|
|
|
3,169,874
|
|
HMS Holdings Corp. (1) (2)
|
|
62,000
|
|
|
3,364,120
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,793,422
|
|
Healthcare Technology - 0.5%
|
|
|
|
|
|
|
Medidata Solutions, Inc. (2)
|
|
133,100
|
|
|
1,870,055
|
|
Life Sciences Tools & Services - 1.0%
|
|
|
|
|
|
|
Pharmaceutical Product Development, Inc.
|
|
134,600
|
|
|
3,612,664
|
|
Managed Healthcare - 0.6%
|
|
|
|
|
|
|
Molina Healthcare, Inc. (1) (2)
|
|
85,200
|
|
|
2,344,704
|
|
Pharmaceuticals - 2.2%
|
|
|
|
|
|
|
Eurand N.V. (2)
|
|
456,100
|
|
|
4,077,534
|
|
Valeant Pharmaceuticals International (1) (2)
|
|
87,600
|
|
|
4,071,648
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,149,182
|
|
|
|
|
|
|
|
|
Total Healthcare
|
|
|
|
|
72,113,758
|
|
|
|
|
|
Industrials - 7.7%
|
|
|
|
|
|
|
|
|
|
|
Aerospace & Defense - 1.9%
|
|
|
|
|
|
|
BE Aerospace, Inc. (1) (2)
|
|
144,700
|
|
|
3,924,264
|
|
Triumph Group, Inc.
|
|
46,600
|
|
|
3,234,506
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,158,770
|
|
Construction & Engineering - 1.0%
|
|
|
|
|
|
|
Aecom Technology Corp. (1) (2)
|
|
152,700
|
|
|
3,875,526
|
|
Industrial Machinery - 0.5%
|
|
|
|
|
|
|
Middleby Corp. (1) (2)
|
|
32,500
|
|
|
1,830,075
|
|
Office Services & Supplies - 2.1%
|
|
|
|
|
|
|
APAC Customer Services, Inc. (1) (2)
|
|
719,000
|
|
|
4,651,930
|
|
Sykes Enterprises, Inc. (1) (2)
|
|
191,200
|
|
|
3,300,112
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,952,042
|
|
Research & Consulting Services - 1.1%
|
|
|
|
|
|
|
Acacia Research Corp. (1) (2)
|
|
288,800
|
|
|
4,346,440
|
|
Trading Companies & Distributors - 1.1%
|
|
|
|
|
|
|
Watsco, Inc. (1)
|
|
68,800
|
|
|
4,028,240
|
|
|
|
|
|
|
|
|
Total Industrials
|
|
|
|
|
29,191,093
|
|
|
|
|
|
|
|
|
Information Technology - 34.2%
|
|
|
|
|
|
|
|
|
|
|
Application Software - 9.0%
|
|
|
|
|
|
|
Blackboard, Inc. (1) (2)
|
|
94,100
|
|
|
3,767,764
|
|
CDC Corp., Class A (2)
|
|
1,956,100
|
|
|
4,186,054
|
|
Ebix, Inc. (2)
|
|
793,200
|
|
|
12,120,096
|
|
Sonic Solutions, Inc. (2)
|
|
1,167,600
|
|
|
13,882,764
|
|
|
|
|
|
|
|
|
|
|
|
|
|
33,956,678
|
|
Communications Equipment - 2.8%
|
|
|
|
|
|
|
Aruba Networks, Inc. (1) (2)
|
|
236,400
|
|
|
3,167,760
|
|
JDS Uniphase Corp. (1) (2)
|
|
425,500
|
|
|
4,893,250
|
|
Meru Networks, Inc. (1) (2)
|
|
180,900
|
|
|
2,369,790
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,430,800
|
|
Computer Storage & Peripherals - 2.9%
|
|
|
|
|
|
|
Quantum Corp. (1) (2)
|
|
4,609,100
|
|
|
10,831,385
|
|
Consulting & Other Services - 2.1%
|
|
|
|
|
|
|
Lionbridge Technologies, Inc. (1) (2)
|
|
1,443,800
|
|
|
7,839,834
|
|
Data Processing & Outsourced Services - 3.1%
|
|
|
|
|
|
|
DJSP Enterprises, Inc. (1) (2) (13)
|
|
615,700
|
|
|
3,928,166
|
|
NeuStar, Inc., Class A (2)
|
|
115,600
|
|
|
2,472,684
|
|
TNS, Inc. (1) (2)
|
|
272,300
|
|
|
5,236,329
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,637,179
|
|
Electronic Manufacturing Services - 1.0%
|
|
|
|
|
|
|
DDi Corp. (2)
|
|
439,800
|
|
|
3,870,240
|
|
Internet Software & Services - 3.1%
|
|
|
|
|
|
|
Ancestry.com, Inc. (1) (2)
|
|
236,400
|
|
|
3,988,068
|
|
Ariba, Inc. (1) (2)
|
|
301,900
|
|
|
4,543,595
|
|
Rackspace Hosting, Inc. (1) (2)
|
|
191,500
|
|
|
3,370,400
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,902,063
|
|
Semiconductor Equipment - 3.2%
|
|
|
|
|
|
|
LTX-Credence Corp. (2)
|
|
1,249,300
|
|
|
4,322,578
|
|
Teradyne, Inc. (1) (2)
|
|
481,400
|
|
|
5,285,772
|
|
Ultratech, Inc. (2)
|
|
167,400
|
|
|
2,333,556
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,941,906
|
|
Semiconductors - 5.1%
|
|
|
|
|
|
|
Ceva, Inc. (2)
|
|
174,900
|
|
|
2,032,338
|
|
Cypress Semiconductor Corp. (1) (2)
|
|
353,400
|
|
|
4,025,226
|
|
Integrated Device Technology, Inc. (2)
|
|
394,700
|
|
|
2,305,048
|
|
Microsemi Corp. (2)
|
|
292,200
|
|
|
4,523,256
|
|
Mindspeed Technologies, Inc. (1) (2)
|
|
395,945
|
|
|
3,353,654
|
|
Power Integrations, Inc.
|
|
83,300
|
|
|
2,830,534
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19,070,056
|
|
Systems Software - 1.9%
|
|
|
|
|
|
|
Progress Software Corp. (2)
|
|
96,900
|
|
|
3,094,986
|
|
Rovi Corp. (1) (2)
|
|
111,900
|
|
|
4,178,346
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,273,332
|
|
|
|
|
|
|
|
|
Total Information Technology
|
|
|
|
|
128,753,473
|
|
|
|
|
|
Materials - 3.0%
|
|
|
|
|
|
|
|
|
|
|
Diversified Metals & Mining - 3.0%
|
|
|
|
|
|
|
Brush Engineered Materials, Inc. (2)
|
|
77,100
|
|
|
1,947,546
|
|
China Direct Industries, Inc. (1) (2)
|
|
1,318,700
|
|
|
1,780,245
|
|
Taseko Mines, Ltd. (1) (2)
|
|
1,071,700
|
|
|
5,690,727
|
|
Thompson Creek Metals Co., Inc. (2)
|
|
198,200
|
|
|
1,952,270
|
|
|
|
|
|
|
|
|
Total Materials
|
|
|
|
|
11,370,788
|
|
|
|
|
|
Telecommunication Services - 1.3%
|
|
|
|
|
|
|
|
|
|
|
Wireless Telecommunication Services - 1.3%
|
|
|
|
|
|
|
SBA Communications Corp. (1) (2)
|
|
144,100
|
|
|
4,759,623
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Common Stocks
(identified cost $331,328,430)
|
|
|
|
|
368,988,854
|
|
|
|
|
|
|
|
|
|
|
|
Short-Term Investments - 48.4%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Collateral Pool Investment for Securities on Loan - 46.1%
(See Note 2 of the Schedule of Investments)
|
|
|
|
|
|
|
173,369,896
|
|
|
|
|
|
|
Repurchase Agreement - 2.3%
|
|
|
|
|
|
|
|
|
|
Agreement with Morgan Stanley & Co., Inc., 0.180%, dated 5/28/2010, to be repurchased at $8,841,796 on 6/1/2010,
collateralized by U.S. Government Agency Obligations with various maturities to 9/5/2013, with a market value of $9,047,907 (at amortized cost)
|
|
$
|
8,841,619
|
|
|
|
8,841,619
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments
(identified cost $182,211,515)
|
|
|
|
|
|
|
182,211,515
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments - 146.3%
(identified cost $513,539,945)
|
|
|
|
|
|
|
551,200,369
|
|
|
|
|
|
|
Other Assets and Liabilities - (46.3)%
|
|
|
|
|
|
|
(174,501,922
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Assets - 100.0%
|
|
|
|
|
|
$
|
376,698,447
|
|
|
|
|
|
|
|
|
|
|
|
International Stock Fund
SCHEDULE OF INVESTMENTS - As of May 31, 2010
(Unaudited)
|
|
|
|
|
|
|
|
|
Description
|
|
Shares or
Principal
Amount
|
|
|
Value
|
|
Common Stocks - 92.5%
|
|
|
|
|
|
|
|
|
|
|
|
Argentina - 0.0%
|
|
|
|
|
|
|
|
Telecom Argentina SA, ADR
|
|
1,262
|
|
|
$
|
20,571
|
|
|
|
|
|
Australia - 3.1%
|
|
|
|
|
|
|
|
BHP Billiton, Ltd.
|
|
14,117
|
|
|
|
458,559
|
|
Caltex Australia, Ltd.
|
|
5,060
|
|
|
|
47,726
|
|
National Australia Bank, Ltd.
|
|
23,345
|
|
|
|
487,509
|
|
Patties Foods, Ltd.
|
|
10,615
|
|
|
|
9,193
|
|
Rio Tinto, Ltd.
|
|
11,580
|
|
|
|
660,794
|
|
Santos, Ltd.
|
|
35,200
|
|
|
|
367,640
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,031,421
|
|
Austria - 0.0%
|
|
|
|
|
|
|
|
Erste Group Bank AG
|
|
726
|
|
|
|
25,908
|
|
|
|
|
|
Belgium - 0.2%
|
|
|
|
|
|
|
|
Ageas
|
|
25,632
|
|
|
|
65,530
|
|
Barco NV (2)
|
|
179
|
|
|
|
8,709
|
|
Recticel SA
|
|
1,940
|
|
|
|
19,219
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
93,458
|
|
Bermuda - 0.4%
|
|
|
|
|
|
|
|
Alco Holdings, Ltd.
|
|
101,000
|
|
|
|
31,494
|
|
Champion Technology Holdings, Ltd.
|
|
1,318,000
|
|
|
|
36,014
|
|
Dickson Concepts International, Ltd.
|
|
18,500
|
|
|
|
10,018
|
|
Dragon Hill Wuling Automobile Holdings, Ltd. (2)
|
|
110,000
|
|
|
|
10,809
|
|
Emperor Entertainment Hotel, Ltd.
|
|
65,000
|
|
|
|
8,993
|
|
Fairwood, Ltd.
|
|
94,000
|
|
|
|
92,480
|
|
Sing Tao News Corp., Ltd.
|
|
102,000
|
|
|
|
18,488
|
|
Victory City International Holdings, Ltd.
|
|
234,000
|
|
|
|
39,737
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
248,033
|
|
Brazil - 1.0%
|
|
|
|
|
|
|
|
Itau Unibanco Holding SA, ADR
|
|
11,409
|
|
|
|
210,040
|
|
Petroleo Brasileiro SA, ADR
|
|
3,030
|
|
|
|
107,928
|
|
Vale SA, ADR
|
|
12,142
|
|
|
|
330,141
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
648,109
|
|
Canada - 2.1%
|
|
|
|
|
|
|
|
Calian Technologies, Ltd.
|
|
600
|
|
|
|
10,006
|
|
Canadian National Railway Co.
|
|
4,400
|
|
|
|
252,527
|
|
Canadian Natural Resources, Ltd.
|
|
4,600
|
|
|
|
160,021
|
|
Cardiome Pharma Corp. (2)
|
|
5,100
|
|
|
|
43,130
|
|
Celestica, Inc. (2)
|
|
1,800
|
|
|
|
16,813
|
|
Centerra Gold, Inc. (2)
|
|
13,900
|
|
|
|
167,476
|
|
Cott Corp. (2)
|
|
1,300
|
|
|
|
9,549
|
|
EnCana Corp.
|
|
6,000
|
|
|
|
184,892
|
|
QLT, Inc. (2)
|
|
6,300
|
|
|
|
37,654
|
|
Research In Motion, Ltd. (2)
|
|
5,316
|
|
|
|
322,681
|
|
Toronto-Dominion Bank
|
|
1,800
|
|
|
|
123,147
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,327,896
|
|
Cayman Islands - 0.0%
|
|
|
|
|
|
|
|
Luen Thai Holdings, Ltd.
|
|
96,000
|
|
|
|
9,827
|
|
|
|
|
|
China - 0.7%
|
|
|
|
|
|
|
|
Industrial & Commercial Bank of China, Ltd., Class H
|
|
386,062
|
|
|
|
283,992
|
|
|
|
|
|
|
|
|
|
PetroChina Co., Ltd., Class H
|
|
170,587
|
|
|
|
183,374
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
467,366
|
|
Denmark - 1.4%
|
|
|
|
|
|
|
|
A P Moller-Maersk A/S, Class B
|
|
93
|
|
|
|
690,570
|
|
Novo Nordisk A/S, Class B (1)
|
|
3,111
|
|
|
|
239,178
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
929,748
|
|
Finland - 0.1%
|
|
|
|
|
|
|
|
Digia PLC
|
|
6,702
|
|
|
|
43,828
|
|
HKScan Oyj
|
|
804
|
|
|
|
7,743
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
51,571
|
|
France - 6.3%
|
|
|
|
|
|
|
|
Alstom SA (1)
|
|
14,020
|
|
|
|
665,384
|
|
BNP Paribas SA
|
|
8,196
|
|
|
|
464,659
|
|
Bouygues SA
|
|
6,785
|
|
|
|
285,705
|
|
Bull SA (2)
|
|
18,306
|
|
|
|
64,977
|
|
Cegid Group
|
|
627
|
|
|
|
15,453
|
|
Cie Generale des Etablissements Michelin, Class B
|
|
6,400
|
|
|
|
426,103
|
|
CNP Assurances
|
|
1,269
|
|
|
|
88,647
|
|
Credit Agricole SA (1)
|
|
25,092
|
|
|
|
269,433
|
|
Devoteam SA
|
|
313
|
|
|
|
7,221
|
|
Ginger
|
|
1,262
|
|
|
|
24,537
|
|
Groupe Steria SCA (1)
|
|
6,991
|
|
|
|
198,534
|
|
LDC
|
|
200
|
|
|
|
18,836
|
|
Linedata Services
|
|
887
|
|
|
|
10,846
|
|
Rhodia SA
|
|
8,667
|
|
|
|
147,623
|
|
Sanofi-Aventis SA (1)
|
|
15,487
|
|
|
|
928,030
|
|
Societe Generale
|
|
282
|
|
|
|
12,093
|
|
Tessi SA
|
|
468
|
|
|
|
29,567
|
|
Total SA
|
|
2,920
|
|
|
|
136,197
|
|
Vivendi SA (1)
|
|
13,663
|
|
|
|
294,766
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,088,611
|
|
Germany - 10.2%
|
|
|
|
|
|
|
|
ADVA AG Optical Networking (2)
|
|
19,050
|
|
|
|
97,297
|
|
Allianz SE
|
|
13,357
|
|
|
|
1,333,653
|
|
Amadeus Fire AG
|
|
3,068
|
|
|
|
69,952
|
|
Aurubis AG
|
|
1,200
|
|
|
|
55,069
|
|
BASF SE
|
|
20,254
|
|
|
|
1,061,791
|
|
Bavaria Industriekapital AG
|
|
668
|
|
|
|
9,911
|
|
Bayer AG
|
|
4,972
|
|
|
|
277,711
|
|
Daimler AG (2)
|
|
16,061
|
|
|
|
791,700
|
|
Deutsche Bank AG (1)
|
|
8,992
|
|
|
|
533,241
|
|
Deutsche Lufthansa AG (2)
|
|
510
|
|
|
|
6,757
|
|
Deutsche Telekom AG (1)
|
|
64,140
|
|
|
|
719,008
|
|
E.ON AG
|
|
14,103
|
|
|
|
429,512
|
|
Elmos Semiconductor AG (2)
|
|
1,614
|
|
|
|
13,832
|
|
Nemetschek AG
|
|
394
|
|
|
|
10,313
|
|
RWE AG
|
|
6,860
|
|
|
|
493,031
|
|
SAP AG (1) (2)
|
|
15,945
|
|
|
|
676,901
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,579,679
|
|
Hong Kong - 3.2%
|
|
|
|
|
|
|
|
China Mobile, Ltd.
|
|
1,000
|
|
|
|
9,326
|
|
CLP Holdings, Ltd. (5)
|
|
8,500
|
|
|
|
59,717
|
|
CNOOC, Ltd.
|
|
176,206
|
|
|
|
276,272
|
|
Esprit Holdings, Ltd.
|
|
108,352
|
|
|
|
612,544
|
|
Hang Seng Bank, Ltd.
|
|
14,647
|
|
|
|
196,092
|
|
Hong Kong Ferry (Holdings) Co., Ltd.
|
|
19,000
|
|
|
|
16,342
|
|
Hutchison Whampoa, Ltd.
|
|
59,106
|
|
|
|
368,566
|
|
Li & Fung, Ltd.
|
|
95,818
|
|
|
|
427,799
|
|
Swire Pacific, Ltd., Class A
|
|
4,500
|
|
|
|
48,492
|
|
Vedan International Holdings, Ltd.
|
|
288,000
|
|
|
|
31,345
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,046,495
|
|
|
|
|
|
|
|
|
|
India - 2.1%
|
|
|
|
|
|
|
|
Bank of Baroda
|
|
23,426
|
|
|
|
355,828
|
|
Bharti Airtel, Ltd.
|
|
28,248
|
|
|
|
158,119
|
|
Hindalco Industries, Ltd.
|
|
57,421
|
|
|
|
184,863
|
|
Housing Development Finance Corp., Ltd.
|
|
4,242
|
|
|
|
254,412
|
|
State Bank of India
|
|
1,531
|
|
|
|
73,550
|
|
Sterlite Industries India, Ltd.
|
|
12,150
|
|
|
|
177,624
|
|
Union Bank of India (5)
|
|
3,059
|
|
|
|
18,889
|
|
Vijaya Bank
|
|
23,385
|
|
|
|
27,944
|
|
Zuari Industries, Ltd.
|
|
5,002
|
|
|
|
75,886
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,327,115
|
|
Indonesia - 0.1%
|
|
|
|
|
|
|
|
Gajah Tunggal Tbk PT (2)
|
|
644,000
|
|
|
|
56,549
|
|
|
|
|
|
Ireland - 1.5%
|
|
|
|
|
|
|
|
CRH PLC
|
|
25,405
|
|
|
|
566,939
|
|
Ryanair Holdings PLC, ADR (2)
|
|
18,210
|
|
|
|
428,663
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
995,602
|
|
Israel - 0.4%
|
|
|
|
|
|
|
|
Teva Pharmaceutical Industries, Ltd., ADR
|
|
4,690
|
|
|
|
257,106
|
|
|
|
|
|
Italy - 1.3%
|
|
|
|
|
|
|
|
Enel SpA (1)
|
|
147,196
|
|
|
|
674,229
|
|
UniCredit SpA
|
|
67,350
|
|
|
|
141,030
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
815,259
|
|
Japan - 18.6%
|
|
|
|
|
|
|
|
Able, Inc.
|
|
1,100
|
|
|
|
9,132
|
|
Aichi Bank, Ltd. (5)
|
|
500
|
|
|
|
31,156
|
|
Amuse, Inc.
|
|
1,300
|
|
|
|
13,315
|
|
Arakawa Chemical Industries, Ltd.
|
|
3,798
|
|
|
|
40,610
|
|
Arc Land Sakamoto Co., Ltd.
|
|
3,400
|
|
|
|
42,605
|
|
Artnature, Inc.
|
|
7,700
|
|
|
|
64,418
|
|
Asahi Glass Co., Ltd.
|
|
22,000
|
|
|
|
230,632
|
|
Asahi Industries Co., Ltd.
|
|
15
|
|
|
|
25,021
|
|
Asahi Net, Inc.
|
|
1,000
|
|
|
|
3,049
|
|
Astellas Pharma, Inc.
|
|
13,100
|
|
|
|
413,250
|
|
Bando Chemical Industries, Ltd.
|
|
17,000
|
|
|
|
53,606
|
|
Canon, Inc.
|
|
13,022
|
|
|
|
533,434
|
|
Credit Saison Co., Ltd.
|
|
9,711
|
|
|
|
109,824
|
|
Daihatsu Diesel Manufacturing Co., Ltd.
|
|
9,000
|
|
|
|
31,004
|
|
Dainichi Co., Ltd.
|
|
4,100
|
|
|
|
24,666
|
|
East Japan Railway Co. (1)
|
|
2,655
|
|
|
|
168,576
|
|
Faith, Inc.
|
|
684
|
|
|
|
63,191
|
|
FamilyMart Co., Ltd. (1)
|
|
9,936
|
|
|
|
319,007
|
|
Fanuc, Ltd.
|
|
2,401
|
|
|
|
251,951
|
|
First Juken Co., Ltd.
|
|
1,700
|
|
|
|
12,102
|
|
FUJI SOFT, Inc.
|
|
4,100
|
|
|
|
72,308
|
|
Fujitec Co., Ltd.
|
|
4,000
|
|
|
|
21,299
|
|
Fujitsu, Ltd.
|
|
59,000
|
|
|
|
377,632
|
|
FuKoKu Co., Ltd.
|
|
3,400
|
|
|
|
27,921
|
|
Fukuda Denshi Co., Ltd.
|
|
1,400
|
|
|
|
32,476
|
|
HI-LEX Corp.
|
|
900
|
|
|
|
10,007
|
|
Hitachi, Ltd. (2)
|
|
64,000
|
|
|
|
265,621
|
|
Hokkan Holdings, Ltd.
|
|
10,000
|
|
|
|
26,769
|
|
Honda Motor Co., Ltd.
|
|
12,192
|
|
|
|
370,322
|
|
Horipro, Inc. (5)
|
|
900
|
|
|
|
6,673
|
|
Iida Home Max
|
|
1,400
|
|
|
|
10,379
|
|
Inabata & Co., Ltd.
|
|
4,100
|
|
|
|
19,446
|
|
Information Services International-Dentsu, Ltd.
|
|
4,400
|
|
|
|
28,778
|
|
Itochu-Shokuhin Co., Ltd.
|
|
1,000
|
|
|
|
30,525
|
|
Japan Tobacco, Inc.
|
|
138
|
|
|
|
433,377
|
|
Joban Kosan Co., Ltd.
|
|
1,000
|
|
|
|
1,405
|
|
JSP Corp.
|
|
2,900
|
|
|
|
26,931
|
|
Jupiter Telecommunications Co., Ltd.
|
|
213
|
|
|
|
203,310
|
|
Kamei Corp.
|
|
9,000
|
|
|
|
39,349
|
|
|
|
|
|
|
|
|
|
Kanaden Corp.
|
|
2,000
|
|
|
|
9,290
|
|
KAWADA TECHNOLOGIES, Inc.
|
|
800
|
|
|
|
11,247
|
|
Kawasumi Laboratories, Inc.
|
|
7,000
|
|
|
|
45,696
|
|
Konishi Co., Ltd.
|
|
1,600
|
|
|
|
16,602
|
|
KRS Corp.
|
|
1,700
|
|
|
|
15,001
|
|
Kyodo Printing Co., Ltd.
|
|
10,000
|
|
|
|
24,061
|
|
Maezawa Kasei Industries Co., Ltd.
|
|
3,600
|
|
|
|
32,170
|
|
Mimasu Semiconductor Industry Co., Ltd.
|
|
5,500
|
|
|
|
68,775
|
|
Mitsubishi Corp.
|
|
13,577
|
|
|
|
306,511
|
|
Mitsubishi UFJ Financial Group, Inc.
|
|
97,795
|
|
|
|
475,056
|
|
Mitsui & Co., Ltd.
|
|
24,336
|
|
|
|
349,399
|
|
Nagase & Co., Ltd.
|
|
6,000
|
|
|
|
64,206
|
|
NEC Fielding, Ltd.
|
|
3,200
|
|
|
|
38,957
|
|
NEC Networks & System Integration Corp.
|
|
1,500
|
|
|
|
18,312
|
|
NIC Corp.
|
|
2,900
|
|
|
|
11,551
|
|
Nichireki Co., Ltd.
|
|
8,000
|
|
|
|
37,482
|
|
NIFTY Corp.
|
|
23
|
|
|
|
17,168
|
|
Nippo Corp.
|
|
15,000
|
|
|
|
112,416
|
|
Nippon Antenna Co., Ltd.
|
|
1,200
|
|
|
|
7,768
|
|
Nippon Game Card Corp.
|
|
26
|
|
|
|
28,770
|
|
Nippon Telegraph & Telephone Corp.
|
|
16,500
|
|
|
|
675,737
|
|
NIS Group Co., Ltd. (2)
|
|
45,200
|
|
|
|
9,851
|
|
Nissan Motor Co., Ltd. (2)
|
|
59,800
|
|
|
|
430,138
|
|
Nisshin Fudosan Co. (5)
|
|
1,500
|
|
|
|
10,126
|
|
Nissin Sugar Manufacturing Co., Ltd.
|
|
10,000
|
|
|
|
19,962
|
|
Nitori Co., Ltd.
|
|
3,913
|
|
|
|
310,580
|
|
Noevir Co., Ltd.
|
|
1,000
|
|
|
|
10,787
|
|
Nojima Corp.
|
|
1,343
|
|
|
|
11,735
|
|
Nomura Holdings, Inc.
|
|
32,800
|
|
|
|
203,846
|
|
NTT Data Corp.
|
|
112
|
|
|
|
411,268
|
|
NTT DoCoMo, Inc.
|
|
153
|
|
|
|
228,816
|
|
Obayashi Road Corp.
|
|
28,000
|
|
|
|
59,413
|
|
Piolax, Inc.
|
|
5,500
|
|
|
|
101,810
|
|
Point, Inc.
|
|
4,256
|
|
|
|
242,247
|
|
Pressance Corp.
|
|
7
|
|
|
|
13,246
|
|
Rokko Butter Co., Ltd.
|
|
3,000
|
|
|
|
13,407
|
|
Ryoden Trading Co., Ltd.
|
|
6,000
|
|
|
|
31,128
|
|
Saison Information Systems Co., Ltd.
|
|
6,400
|
|
|
|
44,892
|
|
Sanoyas Hishino Meisho Corp.
|
|
4,200
|
|
|
|
14,919
|
|
Sanyo Housing Nagoya Co., Ltd.
|
|
12
|
|
|
|
10,222
|
|
Satori Electric Co., Ltd.
|
|
4,900
|
|
|
|
38,760
|
|
Seino Holdings Co., Ltd.
|
|
1,000
|
|
|
|
6,915
|
|
Sekisui Jushi Corp.
|
|
3,000
|
|
|
|
26,538
|
|
Seria Co., Ltd. (5)
|
|
5
|
|
|
|
7,664
|
|
Shidax Corp.
|
|
10,700
|
|
|
|
35,758
|
|
Shinsei Bank, Ltd. (2)
|
|
7,000
|
|
|
|
7,079
|
|
Shoei Foods Corp.
|
|
1,000
|
|
|
|
4,987
|
|
Sinanen Co., Ltd.
|
|
3,000
|
|
|
|
11,928
|
|
Sojitz Corp.
|
|
20,900
|
|
|
|
34,402
|
|
Sony Corp.
|
|
13,600
|
|
|
|
422,928
|
|
SRA Holdings
|
|
2,300
|
|
|
|
20,492
|
|
Stanley Electric Co., Ltd.
|
|
16,800
|
|
|
|
309,693
|
|
Sumitomo Corp.
|
|
5,300
|
|
|
|
57,480
|
|
Sumitomo Mitsui Financial Group, Inc.
|
|
18,664
|
|
|
|
554,778
|
|
Suncall Corp.
|
|
11,000
|
|
|
|
39,732
|
|
T&K Toka Co., Ltd.
|
|
1,700
|
|
|
|
19,066
|
|
Tachibana Eletech Co., Ltd.
|
|
3,400
|
|
|
|
23,659
|
|
Tact Home Co., Ltd.
|
|
58
|
|
|
|
45,361
|
|
Taiyo Elec Co., Ltd.
|
|
1,400
|
|
|
|
7,744
|
|
Takagi Securities Co., Ltd.
|
|
7,000
|
|
|
|
11,732
|
|
Takeda Pharmaceutical Co., Ltd.
|
|
2,100
|
|
|
|
86,187
|
|
Toa Oil Co., Ltd.
|
|
23,000
|
|
|
|
23,969
|
|
Toa Road Corp.
|
|
31,000
|
|
|
|
46,440
|
|
Tomoe Engineering Co., Ltd.
|
|
1,200
|
|
|
|
14,309
|
|
Torii Pharmaceutical Co., Ltd.
|
|
6,700
|
|
|
|
101,205
|
|
Tosei Corp.
|
|
82
|
|
|
|
33,780
|
|
Toshiba TEC Corp.
|
|
103,000
|
|
|
|
365,686
|
|
|
|
|
|
|
|
|
|
Totetsu Kogyo Co., Ltd.
|
|
4,000
|
|
|
|
23,022
|
|
Toyota Motor Corp.
|
|
11,506
|
|
|
|
421,593
|
|
Toyota Tsusho Corp.
|
|
11,000
|
|
|
|
152,786
|
|
Tsurumi Manufacturing Co., Ltd.
|
|
2,000
|
|
|
|
13,611
|
|
Universe Co., Ltd.
|
|
1,700
|
|
|
|
23,033
|
|
Watabe Wedding Corp.
|
|
2,600
|
|
|
|
28,720
|
|
Yondenko Corp.
|
|
10,000
|
|
|
|
42,269
|
|
Yurtec Corp.
|
|
2,000
|
|
|
|
7,679
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,060,630
|
|
Malaysia - 0.3%
|
|
|
|
|
|
|
|
Affin Holdings Berhard
|
|
206,000
|
|
|
|
180,343
|
|
|
|
|
|
Mexico - 0.3%
|
|
|
|
|
|
|
|
America Movil SAB de C.V., ADR
|
|
4,326
|
|
|
|
204,793
|
|
|
|
|
|
Netherlands - 4.8%
|
|
|
|
|
|
|
|
Aegon NV (2) (5)
|
|
13,091
|
|
|
|
74,287
|
|
Amsterdam Commodities NV
|
|
279
|
|
|
|
2,557
|
|
European Aeronautic Defence and Space Co. NV
|
|
14,824
|
|
|
|
290,740
|
|
Koninklijke KPN NV
|
|
37,057
|
|
|
|
482,752
|
|
Koninklijke Philips Electronics NV
|
|
18,856
|
|
|
|
562,291
|
|
Royal Dutch Shell PLC, Class A
|
|
62,456
|
|
|
|
1,635,943
|
|
Teleplan International NV
|
|
21,712
|
|
|
|
55,753
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,104,323
|
|
New Zealand - 0.5%
|
|
|
|
|
|
|
|
Restaurant Brands New Zealand, Ltd.
|
|
13,899
|
|
|
|
21,224
|
|
Telecom Corp. of New Zealand, Ltd.
|
|
221,863
|
|
|
|
281,738
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
302,962
|
|
Norway - 2.3%
|
|
|
|
|
|
|
|
Atea ASA
|
|
15,000
|
|
|
|
102,775
|
|
Norske Skogindustrier ASA (1) (2)
|
|
47,037
|
|
|
|
53,080
|
|
Petroleum Geo-Services ASA (2)
|
|
31,500
|
|
|
|
318,446
|
|
Statoil ASA (1)
|
|
25,362
|
|
|
|
508,128
|
|
Yara International ASA
|
|
18,000
|
|
|
|
532,657
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,515,086
|
|
Portugal - 1.4%
|
|
|
|
|
|
|
|
EDP - Energias de Portugal SA
|
|
143,776
|
|
|
|
443,672
|
|
Jeronimo Martins, SGPS, SA
|
|
48,152
|
|
|
|
441,044
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
884,716
|
|
Russia - 0.6%
|
|
|
|
|
|
|
|
Gazprom OAO, ADR
|
|
8,372
|
|
|
|
171,448
|
|
OJSC Oil Co. Rosneft, GDR
|
|
32,575
|
|
|
|
237,381
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
408,829
|
|
Singapore - 3.6%
|
|
|
|
|
|
|
|
DBS Group Holdings, Ltd.
|
|
115,685
|
|
|
|
1,134,937
|
|
GP Batteries International, Ltd.
|
|
24,000
|
|
|
|
30,724
|
|
Ho Bee Investment, Ltd.
|
|
11,000
|
|
|
|
11,052
|
|
Hong Leong Finance, Ltd.
|
|
16,000
|
|
|
|
32,585
|
|
Jardine Cycle & Carriage, Ltd.
|
|
18,000
|
|
|
|
356,597
|
|
Keppel Corp., Ltd.
|
|
40,661
|
|
|
|
252,818
|
|
Oversea-Chinese Banking Corp., Ltd.
|
|
87,000
|
|
|
|
518,337
|
|
QAF, Ltd.
|
|
32,000
|
|
|
|
13,899
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,350,949
|
|
South Africa - 0.4%
|
|
|
|
|
|
|
|
Naspers, Ltd., N Shares
|
|
7,279
|
|
|
|
286,000
|
|
|
|
|
|
|
|
|
|
South Korea - 1.9%
|
|
|
|
|
|
|
|
LG Corp.
|
|
829
|
|
|
|
46,131
|
|
LG Display Co., Ltd.
|
|
7,330
|
|
|
|
265,169
|
|
Nong Shim Holdings Co., Ltd.
|
|
358
|
|
|
|
19,430
|
|
Samsung Electronics Co., Ltd.
|
|
602
|
|
|
|
389,118
|
|
Shinsegae Co., Ltd.
|
|
483
|
|
|
|
189,178
|
|
Taekwang Industrial Co., Ltd.
|
|
41
|
|
|
|
24,676
|
|
|
|
|
|
|
|
|
|
Woori Finance Holdings Co., Ltd.
|
|
22,880
|
|
|
|
293,203
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,226,905
|
|
Spain - 1.0%
|
|
|
|
|
|
|
|
Banco Santander SA
|
|
64,167
|
|
|
|
651,262
|
|
|
|
|
|
Sweden - 2.7%
|
|
|
|
|
|
|
|
Bilia AB, A Shares (1)
|
|
11,379
|
|
|
|
132,919
|
|
Electrolux AB (1)
|
|
17,125
|
|
|
|
380,461
|
|
Nordea Bank AB
|
|
60,340
|
|
|
|
493,704
|
|
Saab AB, Class B
|
|
1,139
|
|
|
|
14,906
|
|
Volvo AB, B Shares (1) (2)
|
|
68,474
|
|
|
|
709,104
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,731,094
|
|
Switzerland - 3.4%
|
|
|
|
|
|
|
|
Adecco SA
|
|
9,153
|
|
|
|
442,128
|
|
Coltene Holding AG
|
|
222
|
|
|
|
10,593
|
|
Credit Suisse Group AG
|
|
14,833
|
|
|
|
575,026
|
|
Emmi AG
|
|
311
|
|
|
|
43,983
|
|
Roche Holding AG
|
|
2,511
|
|
|
|
344,301
|
|
SGS SA
|
|
98
|
|
|
|
123,369
|
|
Zurich Financial Services AG
|
|
3,189
|
|
|
|
648,103
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,187,503
|
|
Taiwan - 1.7%
|
|
|
|
|
|
|
|
Asustek Computer, Inc.
|
|
1,000
|
|
|
|
1,511
|
|
Gigabyte Technology Co., Ltd.
|
|
304,000
|
|
|
|
308,505
|
|
HON HAI Precision Industry Co., Ltd.
|
|
49,329
|
|
|
|
194,514
|
|
MediaTek, Inc.
|
|
14,936
|
|
|
|
239,117
|
|
Taiwan Semiconductor Manufacturing Co., Ltd., ADR
|
|
36,482
|
|
|
|
355,699
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,099,346
|
|
Turkey - 0.5%
|
|
|
|
|
|
|
|
Haci Omer Sabanci Holding AS
|
|
26,243
|
|
|
|
108,617
|
|
Turkiye Garanti Bankasi AS
|
|
49,700
|
|
|
|
214,374
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
322,991
|
|
United Kingdom - 13.8%
|
|
|
|
|
|
|
|
AstraZeneca PLC
|
|
13,618
|
|
|
|
570,280
|
|
Barclays PLC
|
|
142,364
|
|
|
|
621,125
|
|
Barratt Developments PLC (2)
|
|
111,061
|
|
|
|
172,616
|
|
BG Group PLC
|
|
37,449
|
|
|
|
573,215
|
|
BP PLC
|
|
195,354
|
|
|
|
1,396,303
|
|
British American Tobacco PLC
|
|
22,198
|
|
|
|
654,740
|
|
Cape PLC (2)
|
|
82,557
|
|
|
|
247,569
|
|
Carnival PLC
|
|
18,732
|
|
|
|
711,223
|
|
Computacenter PLC
|
|
23,676
|
|
|
|
107,203
|
|
Dart Group PLC
|
|
19,644
|
|
|
|
14,890
|
|
Davis Service Group PLC
|
|
1,266
|
|
|
|
7,100
|
|
HSBC Holdings PLC
|
|
60,200
|
|
|
|
545,883
|
|
Imperial Tobacco Group PLC
|
|
23,177
|
|
|
|
601,970
|
|
Next PLC
|
|
14,278
|
|
|
|
427,892
|
|
Photo-Me International PLC
|
|
55,874
|
|
|
|
27,835
|
|
Royal Bank of Scotland Group PLC (2)
|
|
128,690
|
|
|
|
86,620
|
|
Royal Dutch Shell PLC, A Shares
|
|
29,857
|
|
|
|
784,803
|
|
RPC Group PLC
|
|
14,277
|
|
|
|
46,267
|
|
Standard Chartered PLC
|
|
25,436
|
|
|
|
600,682
|
|
United Utilities Group PLC
|
|
37,585
|
|
|
|
292,829
|
|
Vodafone Group PLC
|
|
47,900
|
|
|
|
95,917
|
|
Wolseley PLC (2)
|
|
13,885
|
|
|
|
329,825
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,916,787
|
|
United States - 0.6%
|
|
|
|
|
|
|
|
Synthes, Inc.
|
|
3,896
|
|
|
|
409,897
|
|
|
|
|
|
|
|
|
|
Total Common Stocks
(identified cost $59,564,350)
|
|
|
|
|
|
59,864,740
|
|
|
|
|
|
|
|
|
|
|
|
Preferred Stocks - 1.0%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Germany - 1.0%
|
|
|
|
|
|
|
|
|
|
Einhell Germany AG
|
|
|
352
|
|
|
|
12,591
|
|
|
Fresenius SE
|
|
|
9,729
|
|
|
|
613,129
|
|
|
Jungheinrich AG
|
|
|
965
|
|
|
|
22,109
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Preferred Stocks
(identified cost $643,131)
|
|
|
|
|
|
|
647,829
|
|
|
|
|
|
|
Rights - 0.0%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United Kingdom - 0.0%
|
|
|
|
|
|
|
|
|
|
National Grid PLC (2)
|
|
|
5,755
|
|
|
|
11,423
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Rights
(identified cost $0)
|
|
|
|
|
|
|
11,423
|
|
|
|
|
|
|
Short-Term Investments - 13.2%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Collateral Pool Investment for Securities on Loan - 9.5%
(See Note 2 of the Schedule of Investments)
|
|
|
|
|
|
|
6,156,308
|
|
|
|
|
|
|
Repurchase Agreement - 3.7%
|
|
|
|
|
|
|
|
|
|
Agreement with Fixed Income Clearing Corp., 0.060%, dated 5/28/2010, to be repurchased at $2,400,558 on 6/1/2010, collateralized
by a U.S. Government Agency Obligation with a maturity of 3/15/2016, with a market value of $2,454,053 (at amortized cost)
|
|
$
|
2,400,542
|
|
|
|
2,400,542
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments
(identified cost $8,556,850)
|
|
|
|
|
|
|
8,556,850
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments - 106.7%
(identified cost $68,764,331)
|
|
|
|
|
|
|
69,080,842
|
|
|
Other Assets and Liabilities - (6.7)%
|
|
|
|
|
|
|
(4,315,146
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Assets - 100.0%
|
|
|
|
|
|
$
|
64,765,696
|
|
|
|
|
|
|
|
|
|
|
|
International Stock Fund
Industry Division
As of May 31,
2010
(Unaudited)
|
|
|
|
|
|
|
|
|
|
Industry
|
|
Value
|
|
|
% of
Total
Net Assets
|
|
|
Aerospace/Defense
|
|
$
|
305,646
|
|
|
0.5
|
%
|
|
Agriculture
|
|
|
1,690,087
|
|
|
2.6
|
|
|
Airlines
|
|
|
435,421
|
|
|
0.7
|
|
|
Apparel
|
|
|
9,827
|
|
|
0.0
|
|
|
Auto Manufacturers
|
|
|
2,733,667
|
|
|
4.2
|
|
|
Auto Parts & Equipment
|
|
|
894,156
|
|
|
1.4
|
|
|
Banks
|
|
|
9,979,249
|
|
|
15.4
|
|
|
Beverages
|
|
|
9,549
|
|
|
0.0
|
|
|
Building Materials
|
|
|
881,372
|
|
|
1.4
|
|
|
Chemicals
|
|
|
2,242,377
|
|
|
3.5
|
|
|
Commercial Services
|
|
|
1,170,209
|
|
|
1.8
|
|
|
Computers
|
|
|
1,790,659
|
|
|
2.8
|
|
|
Cosmetics/Personal Care
|
|
|
75,205
|
|
|
0.1
|
|
|
Distribution/Wholesale
|
|
|
2,273,800
|
|
|
3.5
|
|
|
Diversified Financial Services
|
|
|
915,452
|
|
|
1.4
|
|
|
Electric
|
|
|
2,100,161
|
|
|
3.2
|
|
|
Electrical Components & Equipment
|
|
|
711,769
|
|
|
1.1
|
|
|
Electronics
|
|
|
1,056,787
|
|
|
1.6
|
|
|
Engineering & Construction
|
|
|
631,041
|
|
|
1.0
|
|
|
Entertainment
|
|
|
15,822
|
|
|
0.0
|
|
|
Food
|
|
|
629,990
|
|
|
1.0
|
|
|
Food Service
|
|
|
35,758
|
|
|
0.1
|
|
|
Forest Products & Paper
|
|
|
53,080
|
|
|
0.1
|
|
|
Healthcare-Products
|
|
|
498,663
|
|
|
0.8
|
|
|
Holding Companies-Diversified
|
|
|
844,054
|
|
|
1.3
|
|
|
Home Builders
|
|
|
172,616
|
|
|
0.3
|
|
|
Home Furnishings
|
|
|
859,548
|
|
|
1.3
|
|
|
Insurance
|
|
|
2,144,690
|
|
|
3.3
|
|
|
Internet
|
|
|
186,182
|
|
|
0.3
|
|
|
Investment Companies
|
|
|
9,911
|
|
|
0.0
|
|
|
Leisure Time
|
|
|
739,993
|
|
|
1.1
|
|
|
Machinery-Diversified
|
|
|
976,259
|
|
|
1.5
|
|
|
Media
|
|
|
815,879
|
|
|
1.3
|
|
|
Metal Fabricate/Hardware
|
|
|
87,239
|
|
|
0.1
|
|
|
Mining
|
|
|
1,979,458
|
|
|
3.1
|
|
|
Miscellaneous Manufacturing
|
|
|
136,294
|
|
|
0.2
|
|
|
Office/Business Equipment
|
|
|
533,434
|
|
|
0.8
|
|
|
Oil & Gas
|
|
|
6,795,240
|
|
|
10.5
|
|
|
Oil & Gas Services
|
|
|
318,446
|
|
|
0.5
|
|
|
Packaging & Containers
|
|
|
73,036
|
|
|
0.1
|
|
|
Pharmaceuticals
|
|
|
3,020,321
|
|
|
4.7
|
|
|
Real Estate
|
|
|
180,736
|
|
|
0.3
|
|
|
Retail
|
|
|
2,420,091
|
|
|
3.7
|
|
|
Semiconductors
|
|
|
1,066,542
|
|
|
1.6
|
|
|
Shipbuilding
|
|
|
14,919
|
|
|
0.0
|
|
|
Software
|
|
|
851,205
|
|
|
1.3
|
|
|
Telecommunications
|
|
|
3,017,855
|
|
|
4.7
|
|
|
Textiles
|
|
|
39,737
|
|
|
0.1
|
|
|
Transportation
|
|
|
1,148,479
|
|
|
1.8
|
|
|
Water
|
|
|
292,829
|
|
|
0.4
|
|
|
|
|
|
|
|
|
|
|
|
Total Common Stocks
|
|
|
59,864,740
|
|
|
92.5
|
|
|
Preferred Stocks
|
|
|
647,829
|
|
|
1.0
|
|
|
Rights
|
|
|
11,423
|
|
|
0.0
|
|
|
Collateral Pool Investment for Securities on Loan
|
|
|
6,156,308
|
|
|
9.5
|
|
|
Repurchase Agreement
|
|
|
2,400,542
|
|
|
3.7
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments
|
|
|
69,080,842
|
|
|
106.7
|
|
|
Other Assets and Liabilities
|
|
|
(4,315,146
|
)
|
|
(6.7
|
)
|
|
|
|
|
|
|
|
|
|
|
Total Net Assets
|
|
$
|
64,765,696
|
|
|
100.0
|
%
|
|
|
|
|
|
|
|
|
|
Emerging Markets Equity Fund
SCHEDULE OF INVESTMENTS - As of May 31, 2010
(Unaudited)
|
|
|
|
|
|
|
|
|
Description
|
|
Shares or
Principal
Amount
|
|
|
Value
|
|
Common Stocks - 97.1%
|
|
|
|
|
|
|
|
Bermuda - 2.4%
|
|
|
|
|
|
|
|
Credicorp, Ltd.
|
|
5,500
|
|
|
$
|
485,595
|
|
GOME Electrical Appliances Holdings, Ltd. (2)
|
|
1,290,900
|
|
|
|
396,005
|
|
Huabao International Holdings, Ltd.
|
|
401,000
|
|
|
|
504,568
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,386,168
|
|
Brazil - 12.5%
|
|
|
|
|
|
|
|
Banco Bradesco SA, ADR
|
|
68,613
|
|
|
|
1,121,136
|
|
Cia de Concessoes Rodoviarias
|
|
19,590
|
|
|
|
401,140
|
|
Gafisa SA, ADR
|
|
46,115
|
|
|
|
548,769
|
|
Itau Unibanco Holding SA, ADR
|
|
53,459
|
|
|
|
984,180
|
|
Localiza Rent a Car SA
|
|
28,094
|
|
|
|
293,135
|
|
MRV Engenharia e Participacoes SA
|
|
100,790
|
|
|
|
652,767
|
|
NET Servicos de Comunicacao SA (2)
|
|
31,713
|
|
|
|
319,883
|
|
Petroleo Brasileiro SA, ADR
|
|
27,402
|
|
|
|
976,059
|
|
Souza Cruz SA
|
|
6,415
|
|
|
|
236,728
|
|
Tractebel Energia SA
|
|
25,051
|
|
|
|
280,853
|
|
Vale SA, ADR
|
|
52,512
|
|
|
|
1,427,801
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,242,451
|
|
Chile - 1.8%
|
|
|
|
|
|
|
|
Banco Santander - Chile, ADR
|
|
7,267
|
|
|
|
451,063
|
|
Lan Airlines SA, ADR
|
|
30,606
|
|
|
|
569,271
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,020,334
|
|
China - 12.6%
|
|
|
|
|
|
|
|
Anhui Conch Cement Co., Ltd., Class H
|
|
167,400
|
|
|
|
539,008
|
|
China Communications Construction Co., Ltd., Class H
|
|
394,600
|
|
|
|
332,397
|
|
China Construction Bank Corp., Class H
|
|
984,300
|
|
|
|
787,927
|
|
China High Speed Transmission Equipment Group Co., Ltd.
|
|
285,300
|
|
|
|
657,517
|
|
China Shenhua Energy Co., Ltd., Class H
|
|
156,300
|
|
|
|
621,176
|
|
Dongfeng Motor Group Co., Ltd., Class H
|
|
228,000
|
|
|
|
264,913
|
|
Industrial & Commercial Bank of China, Ltd., Class H
|
|
1,738,200
|
|
|
|
1,278,643
|
|
Parkson Retail Group, Ltd.
|
|
179,300
|
|
|
|
277,447
|
|
PetroChina Co., Ltd., ADR
|
|
8,291
|
|
|
|
889,624
|
|
Renhe Commercial Holdings Co., Ltd.
|
|
2,714,800
|
|
|
|
586,770
|
|
SINA Corp. (2)
|
|
18,322
|
|
|
|
684,693
|
|
Yanzhou Coal Mining Co., Ltd., Class H
|
|
147,500
|
|
|
|
344,258
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,264,373
|
|
Colombia - 0.8%
|
|
|
|
|
|
|
|
BanColombia SA, ADR
|
|
9,724
|
|
|
|
465,002
|
|
|
|
|
|
Czech Republic - 1.8%
|
|
|
|
|
|
|
|
CEZ AS (2)
|
|
8,181
|
|
|
|
341,653
|
|
Komercni Banka AS
|
|
3,992
|
|
|
|
684,785
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,026,438
|
|
Egypt - 1.7%
|
|
|
|
|
|
|
|
Commercial International Bank
|
|
48,014
|
|
|
|
602,913
|
|
Orascom Construction Industries
|
|
9,008
|
|
|
|
382,423
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
985,336
|
|
Hong Kong - 3.6%
|
|
|
|
|
|
|
|
China Mobile, Ltd., ADR
|
|
11,157
|
|
|
|
519,581
|
|
CNOOC, Ltd., ADR
|
|
6,346
|
|
|
|
993,403
|
|
Fushan International Energy Group, Ltd.
|
|
930,000
|
|
|
|
570,530
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,083,514
|
|
|
|
|
|
|
|
|
|
India - 8.4%
|
|
|
|
|
|
|
|
Bharti Airtel, Ltd.
|
|
98,064
|
|
|
|
548,918
|
|
Housing Development Finance Corp., Ltd.
|
|
10,671
|
|
|
|
639,987
|
|
Infosys Technologies, Ltd., ADR
|
|
10,649
|
|
|
|
612,637
|
|
Power Finance Corp., Ltd.
|
|
70,220
|
|
|
|
437,899
|
|
State Bank of India, GDR
|
|
9,724
|
|
|
|
921,102
|
|
Sterlite Industries India, Ltd.
|
|
50,259
|
|
|
|
734,751
|
|
Unitech, Ltd.
|
|
617,450
|
|
|
|
959,255
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,854,549
|
|
Indonesia - 0.9%
|
|
|
|
|
|
|
|
Bank Mandiri Tbk PT
|
|
906,654
|
|
|
|
499,767
|
|
|
|
|
|
Israel - 1.7%
|
|
|
|
|
|
|
|
Israel Chemicals, Ltd.
|
|
51,898
|
|
|
|
579,415
|
|
Teva Pharmaceutical Industries, Ltd., ADR
|
|
7,308
|
|
|
|
400,625
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
980,040
|
|
Mexico - 5.3%
|
|
|
|
|
|
|
|
America Movil SAB de C.V., ADR
|
|
10,953
|
|
|
|
518,515
|
|
Corp. GEO SAB de CV (2)
|
|
304,736
|
|
|
|
841,131
|
|
Desarrolladora Homex SAB de CV, ADR (2)
|
|
21,924
|
|
|
|
577,917
|
|
Grupo Financiero Banorte SAB de CV, Class O
|
|
94,514
|
|
|
|
363,560
|
|
Grupo Mexico SAB de CV
|
|
319,914
|
|
|
|
759,495
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,060,618
|
|
Poland - 0.7%
|
|
|
|
|
|
|
|
Powszechna Kasa Oszczednosci Bank Polski SA
|
|
34,620
|
|
|
|
422,497
|
|
|
|
|
|
Portugal - 0.6%
|
|
|
|
|
|
|
|
Jeronimo Martins, SGPS, SA
|
|
36,132
|
|
|
|
330,948
|
|
|
|
|
|
Russia - 9.6%
|
|
|
|
|
|
|
|
Federal Grid Co. Unified Energy System JSC (2)
|
|
37,975,018
|
|
|
|
398,738
|
|
Gazprom OAO, ADR
|
|
47,188
|
|
|
|
966,351
|
|
LUKOIL OAO, ADR
|
|
7,719
|
|
|
|
371,222
|
|
Magnitogorsk Iron & Steel Works, GDR
|
|
27,637
|
|
|
|
288,806
|
|
Mobile Telesystems OJSC, ADR (2)
|
|
36,085
|
|
|
|
693,915
|
|
NovaTek OAO, GDR
|
|
11,908
|
|
|
|
861,713
|
|
OJSC Novolipetsk Steel (NLMK), GDR
|
|
14,392
|
|
|
|
411,648
|
|
OJSC Oil Co. Rosneft, GDR
|
|
155,881
|
|
|
|
1,135,938
|
|
TMK OAO, GDR (2)
|
|
24,056
|
|
|
|
406,938
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,535,269
|
|
South Africa - 7.1%
|
|
|
|
|
|
|
|
ABSA Group, Ltd.
|
|
54,354
|
|
|
|
925,235
|
|
Aspen Pharmacare Holdings, Ltd. (2)
|
|
74,109
|
|
|
|
777,858
|
|
Massmart Holdings, Ltd.
|
|
34,433
|
|
|
|
530,506
|
|
MTN Group, Ltd.
|
|
38,795
|
|
|
|
542,334
|
|
Naspers, Ltd., N Shares
|
|
33,678
|
|
|
|
1,323,245
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,099,178
|
|
South Korea - 9.7%
|
|
|
|
|
|
|
|
Daum Communications Corp. (2)
|
|
5,451
|
|
|
|
332,157
|
|
KB Financial Group, Inc., ADR
|
|
9,768
|
|
|
|
390,524
|
|
MegaStudy Co., Ltd.
|
|
2,479
|
|
|
|
336,711
|
|
NHN Corp. (2)
|
|
5,622
|
|
|
|
809,066
|
|
Samsung Electronics Co., Ltd., GDR (6) (7)
|
|
4,906
|
|
|
|
1,594,126
|
|
Shinhan Financial Group Co., Ltd., ADR
|
|
5,271
|
|
|
|
369,550
|
|
Shinsegae Co., Ltd.
|
|
2,672
|
|
|
|
1,046,550
|
|
Woongjin Coway Co., Ltd.
|
|
24,839
|
|
|
|
733,124
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,611,808
|
|
Taiwan - 7.5%
|
|
|
|
|
|
|
|
Acer, Inc.
|
|
276,855
|
|
|
|
692,121
|
|
Delta Electronics, Inc.
|
|
211,994
|
|
|
|
659,691
|
|
HON HAI Precision Industry Co., Ltd.
|
|
189,595
|
|
|
|
747,611
|
|
MediaTek, Inc.
|
|
44,902
|
|
|
|
718,855
|
|
Synnex Technology International Corp.
|
|
178,870
|
|
|
|
387,177
|
|
|
|
|
|
|
|
|
|
|
Taiwan Semiconductor Manufacturing Co., Ltd.
|
|
|
302,000
|
|
|
|
551,533
|
|
Taiwan Semiconductor Manufacturing Co., Ltd., ADR
|
|
|
58,983
|
|
|
|
575,084
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,332,072
|
|
Thailand - 3.8%
|
|
|
|
|
|
|
|
|
Bangkok Bank PCL
|
|
|
118,900
|
|
|
|
420,323
|
|
Banpu PCL
|
|
|
53,300
|
|
|
|
935,990
|
|
Kasikornbank PCL
|
|
|
193,200
|
|
|
|
507,901
|
|
Kasikornbank PCL, NVDR
|
|
|
126,700
|
|
|
|
331,700
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,195,914
|
|
Turkey - 2.5%
|
|
|
|
|
|
|
|
|
Anadolu Efes Biracilik Ve Malt Sanayii AS
|
|
|
23,236
|
|
|
|
262,148
|
|
Haci Omer Sabanci Holding AS
|
|
|
141,157
|
|
|
|
584,233
|
|
Turkiye Garanti Bankasi AS
|
|
|
140,596
|
|
|
|
606,441
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,452,822
|
|
United Kingdom - 2.1%
|
|
|
|
|
|
|
|
|
BHP Billiton PLC
|
|
|
31,005
|
|
|
|
855,992
|
|
SABMiller PLC
|
|
|
13,615
|
|
|
|
381,903
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,237,895
|
|
|
|
|
|
|
|
|
|
|
Total Common Stocks
(identified cost $44,129,411)
|
|
|
|
|
|
|
56,086,993
|
|
Short-Term Investments - 2.3%
|
|
|
|
|
|
|
|
|
Repurchase Agreement - 2.3%
|
|
|
|
|
|
|
|
|
Agreement with State Street Bank & Trust Co., 0.060%, dated 5/28/2010, to be repurchased at $1,345,745 on 6/1/2010,
collateralized by a U.S. Government Agency Obligation with a maturity of 11/25/2039, with a market value of $1,376,764 (at amortized cost)
|
|
$
|
1,345,736
|
|
|
|
1,345,736
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments
(identified cost $1,345,736)
|
|
|
|
|
|
|
1,345,736
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments - 99.4%
(identified cost $45,475,147)
|
|
|
|
|
|
|
57,432,729
|
|
Other Assets and Liabilities - 0.6%
|
|
|
|
|
|
|
336,285
|
|
|
|
|
|
|
|
|
|
|
Total Net Assets - 100.0%
|
|
|
|
|
|
$
|
57,769,014
|
|
|
|
|
|
|
|
|
|
Emerging Markets Equity Fund
Industry Division
As of May 31,
2010
(Unaudited)
|
|
|
|
|
|
|
|
|
|
Industry
|
|
Value
|
|
|
%
of
Total
Net Assets
|
|
|
Agriculture
|
|
$
|
236,728
|
|
|
0.4
|
%
|
|
Airlines
|
|
|
569,272
|
|
|
1.0
|
|
|
Auto Manufacturers
|
|
|
264,913
|
|
|
0.5
|
|
|
Banks
|
|
|
11,859,771
|
|
|
20.5
|
|
|
Beverages
|
|
|
644,051
|
|
|
1.1
|
|
|
Building Materials
|
|
|
539,008
|
|
|
0.9
|
|
|
Chemicals
|
|
|
1,083,983
|
|
|
1.9
|
|
|
Coal
|
|
|
2,471,953
|
|
|
4.3
|
|
|
Commercial Services
|
|
|
1,030,985
|
|
|
1.8
|
|
|
Computers
|
|
|
1,304,758
|
|
|
2.3
|
|
|
Diversified Financial Services
|
|
|
1,837,961
|
|
|
3.2
|
|
|
Electric
|
|
|
1,021,243
|
|
|
1.8
|
|
|
Electrical Components & Equipment
|
|
|
1,317,207
|
|
|
2.3
|
|
|
Electronics
|
|
|
1,134,788
|
|
|
2.0
|
|
|
Engineering & Construction
|
|
|
714,820
|
|
|
1.2
|
|
|
Environmental Control
|
|
|
733,124
|
|
|
1.3
|
|
|
Food
|
|
|
330,948
|
|
|
0.6
|
|
|
Healthcare-Products
|
|
|
777,858
|
|
|
1.3
|
|
|
Holding Companies-Diversified
|
|
|
584,233
|
|
|
1.0
|
|
|
Home Builders
|
|
|
2,620,583
|
|
|
4.5
|
|
|
Internet
|
|
|
1,825,916
|
|
|
3.2
|
|
|
Iron/Steel
|
|
|
700,454
|
|
|
1.2
|
|
|
Media
|
|
|
1,643,128
|
|
|
2.8
|
|
|
Metal Fabricate/Hardware
|
|
|
406,938
|
|
|
0.7
|
|
|
Mining
|
|
|
3,778,040
|
|
|
6.5
|
|
|
Oil & Gas
|
|
|
6,194,311
|
|
|
10.7
|
|
|
Pharmaceuticals
|
|
|
400,625
|
|
|
0.7
|
|
|
Real Estate
|
|
|
1,546,025
|
|
|
2.7
|
|
|
Retail
|
|
|
2,250,508
|
|
|
3.9
|
|
|
Semiconductors
|
|
|
3,439,598
|
|
|
5.9
|
|
|
Telecommunications
|
|
|
2,823,263
|
|
|
4.9
|
|
|
|
|
|
|
|
|
|
|
|
Total Common Stocks
|
|
|
56,086,993
|
|
|
97.1
|
|
|
Repurchase Agreement
|
|
|
1,345,736
|
|
|
2.3
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments
|
|
|
57,432,729
|
|
|
99.4
|
|
|
Other Assets and Liabilities
|
|
|
336,285
|
|
|
0.6
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Assets
|
|
$
|
57,769,014
|
|
|
100.0
|
%
|
|
|
|
|
|
|
|
|
|
Ultra Short Tax-Free Fund
SCHEDULE OF INVESTMENTS - As of May 31, 2010
(Unaudited)
|
|
|
|
|
|
|
|
|
|
Description/Credit Ratings
(8)
|
|
Shares or
Principal
Amount
|
|
|
Value
|
|
Municipals - 82.4%
|
|
|
|
|
|
|
|
|
|
|
|
|
Alabama - 1.7%
|
|
|
|
|
|
|
|
|
Alabama Board of Education, Higher Education, Revenue Bonds, AMBAC, 5.375%, 10/1/2014 NR/A1; Call Date 6/1/2010
|
|
$
|
50,000
|
|
|
$
|
51,143
|
|
Alabama Public Housing Authorities, Multi-Family Housing, Revenue Bonds, FSA, 3.875%, 1/1/2012 AAA/Aa2
|
|
|
50,000
|
|
|
|
51,150
|
|
Birmingham Water Works Board, Water, Revenue Bonds, 3.000%, 7/1/2010 A+/A1
|
|
|
1,000,000
|
|
|
|
1,001,030
|
|
Chatom Industrial Development Board, Utilities, Revenue Bonds, 0.900%, 11/15/2010 A/A-1/NR (4)
|
|
|
1,000,000
|
|
|
|
1,000,120
|
|
Chatom Industrial Development Board, Utilities, Revenue Bonds, 1.230%, 8/1/2037 A/A-1/NR; Call Date 8/1/2010 (4)
|
|
|
1,000,000
|
|
|
|
999,910
|
|
County of Jefferson, Multi-Family Housing, Revenue Bonds, 5.400%, 9/1/2012 NR/NR; Call Date 6/1/2010
|
|
|
25,000
|
|
|
|
25,003
|
|
County of Jefferson, Water, Revenue Bonds, FGIC, 5.000%, 2/1/2041 AAA/Aaa; Call Date 2/1/2011
|
|
|
90,000
|
|
|
|
93,333
|
|
County of Jefferson, Water, Revenue Bonds, FSA, 5.250%, 2/1/2011 AAA/Aa3; Call Date 6/1/2010
|
|
|
40,000
|
|
|
|
39,744
|
|
Gadsden Special Care Facilities Financing Authority, Medical, Revenue Bonds, 4.500%, 7/1/2011 NR/NR; Call Date
6/1/2010
|
|
|
185,000
|
|
|
|
184,493
|
|
Lake Martin Area Industrial Development Authority, Development, Revenue Bonds, CNTY GTD, 5.000%, 11/1/2011
BBB+/NR
|
|
|
450,000
|
|
|
|
463,154
|
|
Troy State University, Higher Education, Revenue Bonds, NATL-RE, 5.000%, 11/1/2011 NR/Aa3; Call Date 11/1/2010
|
|
|
25,000
|
|
|
|
25,892
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,934,972
|
|
Alaska - 0.3%
|
|
|
|
|
|
|
|
|
Alaska Industrial Development & Export Authority, Development, Revenue Bonds, 3.500%, 4/1/2012 A/NR
|
|
|
270,000
|
|
|
|
278,410
|
|
Alaska Railroad Corp., Transportation, Revenue Bonds, NATL-RE, FGIC, 4.000%, 8/1/2011 A+/Aa3
|
|
|
50,000
|
|
|
|
51,568
|
|
State of Alaska, General, Certificate of Participation, AMBAC, 4.350%, 7/15/2010 NR/WR
|
|
|
40,000
|
|
|
|
40,171
|
|
State of Alaska, General, Certificate of Participation, AMBAC, 4.450%, 7/15/2011 NR/WR
|
|
|
235,000
|
|
|
|
242,830
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
612,979
|
|
Arizona - 2.4%
|
|
|
|
|
|
|
|
|
Arizona Health Facilities Authority, Medical, Revenue Bonds, 0.540%, 2/1/2042 NR/Aa3; Call Date 2/1/2013 (4)
|
|
|
255,000
|
|
|
|
255,000
|
|
Arizona School Facilities Board, Education, Revenue Bonds, AMBAC, 4.000%, 7/1/2015 NR/WR
|
|
|
50,000
|
|
|
|
51,200
|
|
Arizona School Facilities Board, Education, Revenue Bonds, AMBAC, 4.250%, 7/1/2015 NR/WR
|
|
|
25,000
|
|
|
|
25,888
|
|
Arizona School Facilities Board, Education, Revenue Bonds, AMBAC, 5.250%, 7/1/2010 NR/WR
|
|
|
250,000
|
|
|
|
250,725
|
|
Arizona Water Infrastructure Finance Authority, Revenue Bonds, 4.000%, 10/1/2011 AAA/Aaa
|
|
|
25,000
|
|
|
|
26,167
|
|
City of Tolleson, General Obligation, GO UT, AMBAC, 4.300%, 7/1/2011 NR/A1; Call Date 6/1/2010
|
|
|
25,000
|
|
|
|
25,053
|
|
County of Maricopa, Medical, Certificate of Participation, 5.100%, 7/1/2011 NR/Aa2; Call Date 6/1/2010
|
|
|
270,000
|
|
|
|
273,494
|
|
County of Mohave, General, Revenue Bonds, AGC, 3.250%, 4/1/2012 AAA/Aa3
|
|
|
65,000
|
|
|
|
67,150
|
|
County of Pima, General, Certificate of Participation, AMBAC, 5.000%, 1/1/2012 NR/Aa3
|
|
|
25,000
|
|
|
|
26,311
|
|
Festival Ranch Community Facilities District, General Obligation, GO UT, 5.000%, 7/15/2010 BBB+/NR
|
|
|
450,000
|
|
|
|
451,422
|
|
Glendale Industrial Development Authority, Medical, Revenue Bonds, 3.875%, 12/1/2012 BBB/NR
|
|
|
40,000
|
|
|
|
41,213
|
|
Maricopa County Elementary School District No. 2 Riverside, School District, GO UT, 3.000%, 7/1/2012 NR/A2
|
|
|
425,000
|
|
|
|
431,256
|
|
Maricopa County School District No. 21-Murphy, School District, GO UT, NATL-RE, 4.000%, 7/1/2010 NR/A2
|
|
|
375,000
|
|
|
|
375,307
|
|
Maricopa County Unified School District No. 95 Queen Creek, School District, GO UT, NATL-RE FGIC, 3.500%, 7/1/2012 NR/A1
|
|
|
225,000
|
|
|
|
229,295
|
|
|
|
|
|
|
|
|
|
|
Pima County Unified School District No. 30 Sahuarita, School District, GO UT, 0.000%, 1/1/2012 A+/NR
|
|
|
93,000
|
|
|
|
88,898
|
|
Pima County Unified School District No. 30 Sahuarita, School District, GO UT, 0.000%, 7/1/2012 A+/NR
|
|
|
221,000
|
|
|
|
208,253
|
|
Pima County Unified School District No. 30 Sahuarita, School District, GO UT, 3.000%, 7/1/2012 A+/NR
|
|
|
900,000
|
|
|
|
920,250
|
|
Puttable Floating Option Tax-Exempt Receipts, Medical, Revenue Bonds, 0.540%, 2/1/2042 NR/Aa3; Call Date 2/1/2013
(4)
|
|
|
1,600,000
|
|
|
|
1,600,000
|
|
Town of Gilbert, Transportation, Revenue Bonds, NATL-RE FGIC, 5.000%, 7/1/2012 AA-/Aa3
|
|
|
50,000
|
|
|
|
53,715
|
|
University of Arizona, General, Certificate of Participation, AMBAC, 3.500%, 6/1/2011 AA-/Aa3
|
|
|
50,000
|
|
|
|
51,445
|
|
Yuma Municipal Property Corp., Water, Revenue Bonds, XLCA, 5.000%, 7/1/2011 A+/A1
|
|
|
200,000
|
|
|
|
207,016
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,659,058
|
|
Arkansas - 0.3%
|
|
|
|
|
|
|
|
|
Conway Health Facilities Board, Medical, Revenue Bonds, 2.000%, 8/1/2011 BBB+/NR
|
|
|
155,000
|
|
|
|
156,263
|
|
Conway Health Facilities Board, Medical, Revenue Bonds, 2.750%, 8/1/2012 BBB+/NR
|
|
|
270,000
|
|
|
|
274,029
|
|
Siloam Springs Public Education Facilities Board, Education, Revenue Bonds, 2.000%, 12/1/2011 NR/NR
|
|
|
100,000
|
|
|
|
100,944
|
|
Siloam Springs Public Education Facilities Board, Education, Revenue Bonds, 2.000%, 12/1/2012 NR/NR
|
|
|
100,000
|
|
|
|
101,072
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
632,308
|
|
California - 6.7%
|
|
|
|
|
|
|
|
|
ABC Unified School District, GO UT, NATL-RE, FGIC, 5.750%, 8/1/2012 A+/Aa2; Call Date 8/1/2010
|
|
|
25,000
|
|
|
|
25,470
|
|
Acalanes Union High School District, School District, GO UT, FGIC, 0.000%, 8/1/2010 AAA/WR
|
|
|
115,000
|
|
|
|
114,865
|
|
Anaheim Public Financing Authority, Power, Revenue Bonds, AMBAC, 4.000%, 10/1/2012 NR/WR
|
|
|
25,000
|
|
|
|
25,739
|
|
Antioch Area Public Facilities Financing Agency, Mello-Roos, Special Tax, NATL-RE, 4.250%, 8/1/2012 A/A1
|
|
|
100,000
|
|
|
|
105,868
|
|
Bay Area Governments Association, Water, Revenue Bonds, XLCA, 4.000%, 3/1/2012 A/A2
|
|
|
225,000
|
|
|
|
230,409
|
|
California Educational Facilities Authority, Higher Education, Revenue Bonds, AMBAC, 0.000%, 9/1/2011 NR/Aa3
|
|
|
150,000
|
|
|
|
148,443
|
|
California Health Facilities Financing Authority, Medical, Revenue Bonds, 5.000%, 7/1/2010 A/A2
|
|
|
500,000
|
|
|
|
501,480
|
|
California Health Facilities Financing Authority, Medical, Revenue Bonds, 5.000%, 11/15/2011 NR/A2
|
|
|
170,000
|
|
|
|
179,384
|
|
California Pollution Control Financing Authority, Pollution, Revenue Bonds, 4.000%, 6/1/2010 BBB/A-2/NR (4)
|
|
|
100,000
|
|
|
|
100,000
|
|
California Pollution Control Financing Authority, Pollution, Revenue Bonds, NATL-RE-IBC, 5.900%, 6/1/2014 A/A2
|
|
|
375,000
|
|
|
|
423,945
|
|
California Statewide Communities Development Authority, Medical, Revenue Bonds, AGM, 0.930%, 7/1/2040 AAA/Aa3; Call Date 6/4/2010
(4)
|
|
|
2,000,000
|
|
|
|
2,000,000
|
|
California Statewide Communities Development Authority, Medical, Revenue Bonds, AGM, 1.000%, 7/1/2040 AAA/Aa3; Call Date 6/4/2010
(4)
|
|
|
50,000
|
|
|
|
50,000
|
|
California Statewide Communities Development Authority, Water, Revenue Bonds, FSA, 3.000%, 10/1/2010 AAA/Aa3
|
|
|
50,000
|
|
|
|
50,434
|
|
Charter Oak Unified School District, School District, GO UT, NATL-RE FGIC, 0.000%, 8/1/2010 A+/Aa3
|
|
|
85,000
|
|
|
|
84,884
|
|
City & County of San Francisco, General Obligation, GO UT, 5.000%, 6/15/2011 AA/Aa1; Call Date 6/1/2010
|
|
|
150,000
|
|
|
|
156,408
|
|
City of Industry, General, Certificate of Participation, NATL-RE, 4.500%, 8/1/2010 A+/Baa1
|
|
|
75,000
|
|
|
|
75,509
|
|
City of Los Angeles, Water, Revenue Bonds, NATL-RE, 4.000%, 6/1/2010 AA/Aa2
|
|
|
100,000
|
|
|
|
100,000
|
|
City of Newport Beach, Medical, Revenue Bonds, 4.000%, 2/8/2011 AA/Aa3 (4)
|
|
|
100,000
|
|
|
|
101,671
|
|
City of Salinas, General, Certificate of Participation, AMBAC, 3.500%, 9/1/2010 A/WR
|
|
|
250,000
|
|
|
|
251,730
|
|
City of Santa Ana, General, Certificate of Participation, AMBAC, 5.000%, 6/1/2012 NR/WR
|
|
|
225,000
|
|
|
|
232,411
|
|
Compton Unified School District, School District, GO UT, AMBAC, 0.000%, 6/1/2011 A/Aa3
|
|
|
300,000
|
|
|
|
296,100
|
|
Contra Costa Water District, Water, Revenue Bonds, AGM, 5.500%, 10/1/2013 AAA/Aa2; Call Date 10/1/2011
|
|
|
100,000
|
|
|
|
106,029
|
|
County of Inyo, General, Certificate of Participation, 5.000%, 2/1/2011 NR/A2
|
|
|
30,000
|
|
|
|
30,549
|
|
El Centro Financing Authority, Transportation, Revenue Bonds, 2.000%, 10/1/2011 A/NR
|
|
|
270,000
|
|
|
|
274,701
|
|
Elsinore Valley Municipal Water District, General, Certificate of Participation, 2.250%, 7/1/2035 AAA/A-2/Aaa; Call Date 6/1/2010
(4)
|
|
|
2,000,000
|
|
|
|
2,000,000
|
|
Fontana Unified School District, School District, GO UT, 4.000%, 12/1/2012 SP-1+/MIG1
|
|
|
1,500,000
|
|
|
|
1,580,895
|
|
Fresno Joint Powers Financing Authority, Mello-Roos, Revenue Bonds, XLCA, 4.000%, 10/1/2014 AA-/A1; Call Date
6/1/2010
|
|
|
90,000
|
|
|
|
90,173
|
|
Gilroy Unified School District, School District, GO UT, 0.000%, 4/1/2013 SP-1+/MIG1
|
|
|
500,000
|
|
|
|
458,345
|
|
Hanford Joint Union High School District, GO UT, 0.000%, 8/1/2011 A+/A1
|
|
|
125,000
|
|
|
|
122,624
|
|
|
|
|
|
|
|
|
|
Imperial Irrigation District, General, Certificate of Participation, AMBAC, 4.600%, 7/1/2012 AA-/Aa2; Call Date
6/1/2010
|
|
150,000
|
|
|
|
151,858
|
|
Livermore Valley Joint Unified School District, School District, GO UT, NATL-RE, 5.000%, 8/1/2013 AA/Aa2; Call Date
8/1/2010
|
|
90,000
|
|
|
|
90,683
|
|
Long Beach Bond Finance Authority, Development, Revenue Bonds, AMBAC, 4.500%, 11/1/2011 BBB/WR
|
|
150,000
|
|
|
|
152,644
|
|
Long Beach Bond Finance Authority, Development, Revenue Bonds, AMBAC, 5.500%, 11/1/2014 BBB/WR; Call Date
11/1/2011
|
|
100,000
|
|
|
|
103,890
|
|
Los Angeles Community Redevelopment Agency, General, Tax Allocation, 6.750%, 7/1/2010 NR/NR
|
|
690,000
|
|
|
|
693,215
|
|
Los Angeles Department of Water & Power, Power, Revenue Bonds, NATL-RE, 5.375%, 7/1/2012 AA-/Aa3; Call Date 7/1/2011
|
|
50,000
|
|
|
|
52,544
|
|
Los Angeles State Building Authority, Facilities, Revenue Bonds, 5.625%, 5/1/2011 A/A2
|
|
85,000
|
|
|
|
87,978
|
|
Midpeninsula Regional Open Space District, General, Revenue Bonds, AMBAC, 3.250%, 9/1/2012 NR/WR
|
|
100,000
|
|
|
|
102,551
|
|
Montclair Redevelopment Agency, General, Tax Allocation, AMBAC, 4.250%, 9/1/2011 BBB/WR
|
|
100,000
|
|
|
|
102,017
|
|
Murrieta Valley Unified School District Public Financing Authority, School District, GO UT, NATL-RE FGIC, 0.000%, 9/1/2010 A+/Aa2
|
|
55,000
|
|
|
|
54,926
|
|
Oakland Redevelopment Agency, General, Tax Allocation, NATL-RE FGIC, 5.500%, 9/1/2012 A/WR
|
|
1,165,000
|
|
|
|
1,220,722
|
|
Oxnard Union High School District, School District, GO UT, NATL-RE, 5.250%, 2/1/2012 A/Baa1
|
|
50,000
|
|
|
|
52,331
|
|
Perris Public Financing Authority, General, Tax Allocation, 4.400%, 10/1/2010 NR/NR
|
|
480,000
|
|
|
|
480,259
|
|
Plumas Unified School District, GO UT, 3.900%, 8/1/2012 A/Baa1
|
|
25,000
|
|
|
|
25,294
|
|
Port of Oakland, Transportation, Revenue Bonds, FGIC, 4.000%, 11/1/2013 A/A2; Call Date 11/1/2012
|
|
25,000
|
|
|
|
26,225
|
|
Rialto Unified School District, General, Certificate of Participation, AMBAC, 6.000%, 9/1/2010 A-/WR
|
|
100,000
|
|
|
|
101,133
|
|
Richmond Joint Powers Financing Authority, General, Revenue Bonds, Assured Guaranty Corp., 3.500%, 8/1/2010
AAA/Aa3
|
|
100,000
|
|
|
|
100,245
|
|
Richmond Joint Powers Financing Authority, General, Revenue Bonds, Assured Guaranty Corp., 3.500%, 8/1/2011
AAA/Aa3
|
|
100,000
|
|
|
|
101,227
|
|
Sacramento Regional County Sanitation District, Water, Revenue Bonds, 5.400%, 12/1/2013 AA/Aa2; Call Date
12/1/2010
|
|
100,000
|
|
|
|
103,104
|
|
Sacramento Unified School District, School District, GO UT, NATL-RE FGIC, 5.000%, 7/1/2014 A/Aa2; Call Date
1/1/2011
|
|
50,000
|
|
|
|
51,152
|
|
San Jose Redevelopment Agency, General, Tax Allocation, NATL-RE, 4.000%, 8/1/2011 A/A2; Call Date 8/1/2010
|
|
25,000
|
|
|
|
25,350
|
|
Savanna Elementary School District, School District, GO UT, 4.000%, 5/1/2012 A+/SP-1+/NR
|
|
1,000,000
|
|
|
|
1,040,560
|
|
Sierra View Local Health Care District, Medical, Revenue Bonds, 4.100%, 7/1/2011 NR/NR
|
|
130,000
|
|
|
|
132,308
|
|
State of California, General Obligation, GO UT, 3.700%, 4/1/2011 A-/A1; Call Date 6/1/2010
|
|
100,000
|
|
|
|
100,171
|
|
State of California, General Obligation, GO UT, 4.100%, 8/1/2010 A-/A1; Call Date 6/1/2010
|
|
50,000
|
|
|
|
50,100
|
|
State of California, General Obligation, GO UT, NATL-RE FGIC, 4.500%, 2/1/2014 A/A2; Call Date 6/1/2010
|
|
100,000
|
|
|
|
100,227
|
|
Stockton Unified School District, GO UT, 4.000%, 2/1/2011 SP-1+/NR; Call Date 6/1/2010
|
|
100,000
|
|
|
|
100,143
|
|
Sunol Glen Unified School District, School District, GO UT, NATL-RE, 5.000%, 7/1/2011 NR/A1; Call Date 1/1/2011
|
|
125,000
|
|
|
|
125,328
|
|
Vallejo City Unified School District, School District, GO UT, NATL-RE, 4.650%, 2/1/2011 A/Baa1
|
|
100,000
|
|
|
|
100,937
|
|
Westlands Water District, General, Certificate of Participation, 4.000%, 9/1/2012 A+/Baa1
|
|
50,000
|
|
|
|
53,137
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,600,325
|
|
Colorado - 5.6%
|
|
|
|
|
|
|
|
City & County of Denver, Airport, Revenue Bonds, Assured Guaranty Corp., 0.790%, 11/15/2025 AAA/A-1/Aa3; Call Date
6/1/2010 (4)
|
|
1,275,000
|
|
|
|
1,275,000
|
|
City & County of Denver, Airport, Revenue Bonds, Assured Guaranty Corp., 0.800%, 11/15/2025 AAA/A-1/Aa3; Call Date
6/4/2010 (4)
|
|
1,200,000
|
|
|
|
1,200,000
|
|
City of Colorado Springs, Medical, Revenue Bonds, AMBAC, 0.898%, 12/15/2024 A-/A3 (4)
|
|
1,100,000
|
|
|
|
1,100,000
|
|
City of Westminster, Multi-Family Housing, Revenue Bonds, FHLMC, 0.540%, 6/1/2012 NR/NR; Call Date 6/1/2010 (4)
|
|
700,000
|
|
|
|
700,000
|
|
Colorado Educational & Cultural Facilities Authority, Education, Revenue Bonds, 2.375%, 3/1/2013 A/NR
|
|
150,000
|
|
|
|
150,852
|
|
Colorado Educational & Cultural Facilities Authority, Education, Revenue Bonds, 2.400%, 12/1/2012 NR/NR
|
|
260,000
|
|
|
|
262,265
|
|
Colorado Health Facilities Authority, Nursing Homes, Revenue Bonds, 5.000%, 6/1/2010 A-/A3
|
|
200,000
|
|
|
|
200,000
|
|
Colorado Water Resources & Power Development Authority, Water, Revenue Bonds, 4.250%, 1/1/2012 A/Baa1
|
|
135,000
|
|
|
|
140,400
|
|
Consolidated Bell Mountain Ranch Metropolitan District, Facilities, GO, AGM, 2.500%, 12/1/2010 AAA/NR (5)
|
|
100,000
|
|
|
|
100,550
|
|
|
|
|
|
|
|
|
|
Cornerstar Metropolitan District, Development, Revenue Bonds, 0.730%, 12/1/2037 A+/A-1/NR; Call Date 6/1/2010 (4)
|
|
2,000,000
|
|
|
|
2,000,000
|
|
Denver Health & Hospital Authority, Medical, Revenue Bonds, 5.000%, 12/1/2012 BBB/NR
|
|
680,000
|
|
|
|
704,160
|
|
Denver Urban Renewal Authority, General, Tax Allocation, 1.000%, 9/1/2017 NR/A3/VMIG2; Call Date 6/2/2010 (4)
|
|
200,000
|
|
|
|
200,000
|
|
E-470 Public Highway Authority, Transportation, Revenue Bonds, NATL-RE, 4.000%, 9/1/2011 A/Baa1
|
|
50,000
|
|
|
|
50,330
|
|
E-470 Public Highway Authority, Transportation, Revenue Bonds, NATL-RE, 5.000%, 9/1/2011 A/Baa1 (4)
|
|
450,000
|
|
|
|
469,620
|
|
Eagle Bend Metropolitan District No. 2, Development, GO, RADIAN, 4.500%, 12/1/2012 A-/NR
|
|
50,000
|
|
|
|
51,088
|
|
Fronterra Village Metropolitan District, Development, GO, CIFG, 3.650%, 12/1/2010 NR/WR
|
|
125,000
|
|
|
|
125,572
|
|
Little Thompson Water District, Revenue Bonds, 3.500%, 12/1/2013 NR/A2; Call Date 12/1/2012
|
|
40,000
|
|
|
|
41,138
|
|
Metropolitan Football Stadium District, Development, Revenue Bonds, 0.000%, 1/1/2011 A/Baa1
|
|
15,000
|
|
|
|
14,849
|
|
Park Creek Metropolitan District, Development, GO, 0.540%, 6/1/2011 NR/Aa3 (4)
|
|
2,860,000
|
|
|
|
2,860,000
|
|
Park Creek Metropolitan District, Development, Revenue Bonds, 4.750%, 12/1/2010 NR/Baa2
|
|
1,000,000
|
|
|
|
1,016,050
|
|
Sand Creek Metropolitan District, Development, GO, XLCA, 5.000%, 12/1/2012 NR/WR
|
|
50,000
|
|
|
|
51,825
|
|
State of Colorado, General, Certificate of Participation, 0.000%, 3/1/2012 AA-/Aa3
|
|
300,000
|
|
|
|
292,938
|
|
Washington County School District R-3, GO UT, 5.100%, 12/1/2012 AA-/NR; Call Date 6/1/2010
|
|
80,000
|
|
|
|
80,214
|
|
Widefield Water & Sanitation District, Water, Revenue Bonds, NATL-RE, 3.250%, 12/1/2011 A/Baa1
|
|
100,000
|
|
|
|
102,397
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,189,248
|
|
Connecticut - 0.6%
|
|
|
|
|
|
|
|
City of Ansonia, General Obligation, GO UT, NATL-RE, FGIC, 4.500%, 10/15/2012 A+/A1; Call Date 6/1/2010
|
|
20,000
|
|
|
|
20,445
|
|
City of Bridgeport, General Obligation, GO UT, AMBAC, 6.250%, 3/1/2012 NR/A1
|
|
275,000
|
|
|
|
295,914
|
|
Puttable Floating Option Tax-Exempt Receipts, General, Revenue Bonds, 0.540%, 7/1/2037 NR/Aa3 (4)
|
|
1,000,000
|
|
|
|
1,000,000
|
|
Town of Madison, General Obligation, GO UT, 4.500%, 6/15/2013 NR/Aaa; Call Date 6/15/2011
|
|
50,000
|
|
|
|
51,868
|
|
Town of Vernon, General Obligation, GO UT, AGM, 3.000%, 9/15/2011 NR/Aa2; Call Date 6/1/2010
|
|
100,000
|
|
|
|
100,123
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,468,350
|
|
District of Columbia - 0.3%
|
|
|
|
|
|
|
|
District of Columbia Water & Sewer Authority, Revenue Bonds, FSA, 0.490%, 10/1/2018 NR/NR; Call Date 10/1/2010
(4) (6) (7)
|
|
500,000
|
|
|
|
500,000
|
|
Washington Convention Center Authority, Facilities, Revenue Bonds, AMBAC, 5.000%, 10/1/2010 A/A1
|
|
250,000
|
|
|
|
251,900
|
|
|
|
|
|
|
|
|
|
|
|
|
|
751,900
|
|
Florida - 7.1%
|
|
|
|
|
|
|
|
Broward County School Board, General, Certificate of Participation, AGM, 4.500%, 7/1/2010 AAA/Aa3
|
|
1,000,000
|
|
|
|
1,002,750
|
|
Citizens Property Insurance Corp., General, Revenue Bonds, BHAC-CR NATL-RE, 5.000%, 3/1/2012 AA+/Aa1
|
|
185,000
|
|
|
|
192,454
|
|
Citizens Property Insurance Corp., Power, Revenue Bonds, 2.040%, 6/1/2013 A+/A2 (4)
|
|
2,000,000
|
|
|
|
1,990,460
|
|
City of Gulf Breeze, General, Revenue Bonds, 5.000%, 12/1/2010 NR/NR; Call Date 6/1/2010 (4)
|
|
5,100,000
|
|
|
|
5,099,490
|
|
City of Lakeland, Utilities, Revenue Bonds, AMBAC, 3.250%, 10/1/2010 NR/WR
|
|
100,000
|
|
|
|
100,302
|
|
City of Palm Bay, Utilities, Revenue Bonds, NATL-RE FGIC, 3.250%, 10/1/2012 A/Aa3
|
|
100,000
|
|
|
|
103,894
|
|
City of Sarasota, General, Revenue Bonds, AMBAC, 0.000%, 11/1/2011 NR/WR
|
|
145,000
|
|
|
|
141,578
|
|
City of Tallahassee, Medical, Revenue Bonds, NATL-RE, 6.625%, 12/1/2013 A/Baa1; Call Date 6/1/2010
|
|
570,000
|
|
|
|
572,126
|
|
County of Broward, Airport, Revenue Bonds, 5.000%, 10/1/2011 A+/A1
|
|
125,000
|
|
|
|
130,390
|
|
County of Clay, General, Revenue Bonds, AMBAC, 3.000%, 6/1/2012 NR/A2
|
|
345,000
|
|
|
|
353,484
|
|
County of St. Lucie, General Obligation, GO, AMBAC, 4.150%, 10/1/2010 NR/WR
|
|
50,000
|
|
|
|
50,504
|
|
County of St. Lucie, General Obligation, GO, AMBAC, 4.250%, 10/1/2011 NR/WR
|
|
100,000
|
|
|
|
104,411
|
|
County of Volusia, General, Revenue Bonds, AGM, 3.500%, 12/1/2013 NR/Aa3; Call Date 12/1/2010
|
|
50,000
|
|
|
|
50,982
|
|
First Florida Governmental Financing Commission, General, Revenue Bonds, AMBAC, 3.900%, 7/1/2011 NR/A1
|
|
50,000
|
|
|
|
51,218
|
|
Florida Department of Corrections, General, Certificate of Participation, AMBAC, 3.300%, 3/1/2012 NR/WR
|
|
200,000
|
|
|
|
203,396
|
|
Florida Hurricane Catastrophe Fund Finance Corp., General, Revenue Bonds, 5.000%, 7/1/2010 AA-/Aa3
|
|
150,000
|
|
|
|
150,532
|
|
Florida Municipal Power Agency, Power, Revenue Bonds, 4.000%, 10/1/2010 NR/A2
|
|
250,000
|
|
|
|
252,695
|
|
|
|
|
|
|
|
|
|
Florida Rural Utility Financing Commission, Water, Revenue Bonds, 3.500%, 11/1/2011 NR/MIG1; Call Date 6/1/2010
|
|
435,000
|
|
|
|
435,009
|
|
Florida Rural Utility Financing Commission, Water, Revenue Bonds, 4.000%, 2/1/2011 NR/MIG1; Call Date 6/1/2010
|
|
90,000
|
|
|
|
90,036
|
|
Florida State Board of Education, Education, Revenue Bonds, NATL-RE FGIC, 5.500%, 7/1/2012 AAA/A1
|
|
270,000
|
|
|
|
295,156
|
|
Florida State Board of Education, Higher Education, Revenue Bonds, 5.250%, 10/1/2013 A/A2; Call Date 10/1/2010
|
|
180,000
|
|
|
|
183,924
|
|
Florida State Department of Environmental Protection, General, Revenue Bonds, NATL-RE FGIC, 5.000%, 7/1/2011 AA-/Aa3; Call Date
6/1/2010
|
|
60,000
|
|
|
|
60,819
|
|
Florida State Department of Environmental Protection, General, Revenue Bonds, NATL-RE FGIC, 5.750%, 7/1/2013 AA-/Aa3; Call Date
6/1/2010
|
|
150,000
|
|
|
|
152,134
|
|
Highlands County Health Facilities Authority, Medical, Revenue Bonds, 5.000%, 11/15/2010 AA-/Aa3
|
|
145,000
|
|
|
|
147,862
|
|
Jacksonville Economic Development Commission, Medical, Revenue Bonds, AMBAC, 5.000%, 2/1/2011 NR/Baa1
|
|
200,000
|
|
|
|
203,650
|
|
Lee County, Water and Sewer, Revenue Bonds, MBIA, 2.875%, 10/1/2011 NR/Aa3
|
|
50,000
|
|
|
|
51,347
|
|
Martin County Industrial Development Authority, General, Revenue Bonds, 0.710%, 10/1/2016 NR/A2/VMIG1; Call Date 6/1/2010 (4)
|
|
1,040,000
|
|
|
|
1,040,000
|
|
Orange County Health Facilities Authority, Medical, Revenue Bonds, 4.000%, 10/1/2013 A/A2
|
|
220,000
|
|
|
|
230,468
|
|
Orange County Health Facilities Authority, Medical, Revenue Bonds, 5.000%, 10/1/2011 A/A2
|
|
555,000
|
|
|
|
579,159
|
|
Palm Beach County School District, General, Certificate of Participation, FGIC, 5.000%, 8/1/2011 AA-/A1 (4)
|
|
50,000
|
|
|
|
52,189
|
|
Palm Beach County School District, General, Certificate of Participation, NATL-RE, 3.900%, 8/1/2015 AA-/Aa3
|
|
100,000
|
|
|
|
106,687
|
|
Pasco County School Board, Education, Revenue Bonds, AGM, 5.000%, 10/1/2010 AAA/NR
|
|
150,000
|
|
|
|
151,746
|
|
Polk County School District, Education, Revenue Bonds, AGM, 4.500%, 10/1/2012 AAA/Aa3
|
|
25,000
|
|
|
|
26,561
|
|
Polk County School District, Education, Revenue Bonds, NATL-RE, 5.000%, 10/1/2013 A+/Baa1
|
|
145,000
|
|
|
|
156,694
|
|
Reedy Creek Improvement District, Utilities, Revenue Bonds, 5.250%, 10/1/2011 A/A1
|
|
245,000
|
|
|
|
258,796
|
|
South Broward Hospital District, Medical, Revenue Bonds, 5.000%, 5/1/2012 AA-/Aa3
|
|
500,000
|
|
|
|
526,245
|
|
St. Lucie County School Board, Education, Revenue Bonds, NATL-RE FGIC, 5.000%, 10/1/2012 A/A2
|
|
855,000
|
|
|
|
923,554
|
|
State of Florida, General, Revenue Bonds, NATL-RE FGIC, 5.375%, 7/1/2010 AA-/Aa3
|
|
100,000
|
|
|
|
100,327
|
|
Volusia County School Board, Education, Revenue Bonds, AGM, 5.250%, 10/1/2013 AAA/Aa3
|
|
235,000
|
|
|
|
254,331
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,577,360
|
|
Georgia - 3.8%
|
|
|
|
|
|
|
|
Atlanta & Fulton County Recreation Authority, General, Revenue Bonds, AMBAC, 3.750%, 12/1/2010 A/A1
|
|
70,000
|
|
|
|
71,087
|
|
Atlanta Development Authority, Higher Education, Revenue Bonds, AMBAC, 4.300%, 10/1/2010 NR/WR; Call Date
6/1/2010
|
|
250,000
|
|
|
|
251,645
|
|
City of Atlanta, Airport, Revenue Bonds, NATL-RE, 5.000%, 1/1/2012 A+/A1
|
|
150,000
|
|
|
|
157,841
|
|
City of Atlanta, Water, Revenue Bonds, NATL-RE FGIC, 5.500%, 11/1/2013 A/A1
|
|
100,000
|
|
|
|
110,473
|
|
Clayton County Housing Authority, Multi-Family Housing, Revenue Bonds, FNMA, 4.350%, 12/1/2011 AAA/NR (4)
|
|
200,000
|
|
|
|
202,160
|
|
Cobb County Development Authority, Higher Education, Revenue Bonds, AMBAC, 4.000%, 7/15/2010 NR/Baa3
|
|
200,000
|
|
|
|
200,240
|
|
East Point Building Authority, Water, Revenue Bonds, XLCA, 4.000%, 2/1/2013 NR/WR
|
|
35,000
|
|
|
|
34,392
|
|
Gainesville & Hall County Development Authority, Nursing Homes, Revenue Bonds, 5.000%, 11/15/2011
BBB+/NR
|
|
220,000
|
|
|
|
226,098
|
|
Gainesville & Hall County Development Authority, Nursing Homes, Revenue Bonds, 5.000%, 11/15/2012
BBB+/NR
|
|
230,000
|
|
|
|
239,237
|
|
Georgia Housing & Finance Authority, Single Family Housing, Revenue Bonds, GO OF AUTHORITY, 4.100%, 6/1/2011
AAA/NR
|
|
25,000
|
|
|
|
25,522
|
|
Gwinnett County Hospital Authority, Medical, Revenue Bonds, AGM, 3.000%, 7/1/2011 NR/Aa3
|
|
100,000
|
|
|
|
102,530
|
|
Henry County Hospital Authority, Medical, Revenue Bonds, AMBAC, 5.750%, 7/1/2011 AA/Aa1; Call Date 6/1/2010
|
|
1,020,000
|
|
|
|
1,042,664
|
|
Henry County Water & Sewerage Authority, Water, Revenue Bonds, NATL-RE, 0.540%, 2/1/2030 AAA/A-1/NR (4)
|
|
3,425,000
|
|
|
|
3,425,000
|
|
Macon-Bibb County Urban Development Authority, Facilities, Revenue Bonds, 0.710%, 11/1/2015 BBB+/A-2/NR; Call Date 6/2/2010 (4)
|
|
630,000
|
|
|
|
630,000
|
|
Richmond County Development Authority, Higher Education, Revenue Bonds, 5.000%, 2/1/2011 NR/A2
|
|
195,000
|
|
|
|
197,835
|
|
Savannah Economic Development Authority, Medical, Revenue Bonds, 0.560%, 3/1/2018 NR/A2/VMIG1; Call Date 6/1/2010
(4)
|
|
1,860,000
|
|
|
|
1,860,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,776,724
|
|
|
|
|
|
|
|
|
|
|
Illinois - 6.1%
|
|
Chicago Public Building Commission, Facilities, Revenue Bonds, AMBAC, 4.000%, 3/1/2012 A/A1
|
|
|
100,000
|
|
|
|
103,970
|
|
Chicago Transit Authority, Transportation, Revenue Bonds, AMBAC, 4.000%, 6/1/2012 A/A1
|
|
|
150,000
|
|
|
|
156,166
|
|
City of Berwyn, General Obligation, GO UT, AMBAC, 4.000%, 12/1/2010 NR/WR
|
|
|
350,000
|
|
|
|
353,479
|
|
City of Berwyn, General Obligation, GO UT, AMBAC, 5.000%, 12/1/2013 NR/WR
|
|
|
230,000
|
|
|
|
245,704
|
|
City of Carbondale, General Obligation, GO UT, AMBAC, 4.500%, 12/1/2011 NR/WR
|
|
|
515,000
|
|
|
|
535,492
|
|
City of Chicago, Airport, Revenue Bonds, AMBAC, 4.500%, 1/1/2011 A-/A2
|
|
|
150,000
|
|
|
|
152,848
|
|
City of Chicago, Airport, Revenue Bonds, NATL-RE, 5.000%, 1/1/2011 A/A1
|
|
|
50,000
|
|
|
|
50,973
|
|
City of Springfield, General Obligation, GO UT, NATL-RE, 5.500%, 12/1/2010 AA/Aa2; Call Date 6/1/2010
|
|
|
600,000
|
|
|
|
601,770
|
|
Coles & Cumberland Counties, School District, GO UT, NATL-RE FGIC, 5.400%, 2/1/2011 NR/A1
|
|
|
225,000
|
|
|
|
230,746
|
|
Cook & Du Page Counties Combined School District No. 113A-Lemont, School District, GO UT, NATL-RE FGIC, 0.000%,
12/1/2011 NR/WR
|
|
|
35,000
|
|
|
|
33,764
|
|
Cook County School District No. 130 Blue Island, School District, GO, XLCA, 4.250%, 12/1/2013 NR/WR
|
|
|
500,000
|
|
|
|
524,485
|
|
Cook County School District No. 144 Prairie Hills, School District, GO UT, 5.250%, 12/1/2012 NR/NR; Call Date
9/1/2010
|
|
|
2,315,000
|
|
|
|
2,319,607
|
|
Cook County School District No. 144 Prairie Hills, School District, GO UT, 5.500%, 12/1/2013 NR/NR; Call Date
9/1/2010
|
|
|
1,000,000
|
|
|
|
1,002,610
|
|
County of Cook, General Obligation, GO UT, 0.630%, 11/1/2033 AA/A-2/Aa3; Call Date 6/1/2010 (4)
|
|
|
2,000,000
|
|
|
|
2,000,000
|
|
Du Page County Community Consolidated School District No. 89 Glen, General, GO, AMBAC, 3.750%, 2/1/2011
NR/WR
|
|
|
100,000
|
|
|
|
101,500
|
|
Grundy County School District No. 54 Morris, School District, GO UT, AMBAC, 5.250%, 12/1/2012 NR/WR; Call Date 12/1/2010
|
|
|
205,000
|
|
|
|
209,256
|
|
Illinois Department of Central Management Services, General, Certificate of Participation, AMBAC, 5.100%, 7/1/2010
NR/WR
|
|
|
150,000
|
|
|
|
150,090
|
|
Illinois Finance Authority, Higher Education, Revenue Bonds, 5.250%, 6/1/2013 A/Baa1; Call Date 6/1/2010
|
|
|
175,000
|
|
|
|
175,486
|
|
Illinois Finance Authority, Higher Education, Revenue Bonds, NATL-RE, 4.700%, 12/1/2010 A/Baa1; Call Date
6/1/2010
|
|
|
25,000
|
|
|
|
25,060
|
|
Illinois Finance Authority, Higher Education, Revenue Bonds, XLCA, 5.000%, 8/1/2015 A/WR
|
|
|
50,000
|
|
|
|
54,224
|
|
Illinois Finance Authority, Medical, Revenue Bonds, 3.875%, 5/1/2012 AA/A-1+/Aa2 (4)
|
|
|
900,000
|
|
|
|
935,604
|
|
Illinois Finance Authority, Medical, Revenue Bonds, 5.375%, 3/1/2011 A/Baa1; Call Date 6/1/2010
|
|
|
75,000
|
|
|
|
75,035
|
|
Illinois Finance Authority, Medical, Revenue Bonds, AMBAC, 5.100%, 8/15/2011 NR/WR; Call Date 6/1/2010
|
|
|
90,000
|
|
|
|
90,198
|
|
Illinois Finance Authority, Medical, Revenue Bonds, AMBAC, 5.500%, 8/1/2011 BBB/Baa2; Call Date 6/1/2010
|
|
|
225,000
|
|
|
|
225,567
|
|
Illinois Finance Authority, Medical, Revenue Bonds, NATL-RE, 6.000%, 7/1/2010 A/Baa1
|
|
|
600,000
|
|
|
|
601,314
|
|
Illinois Housing Development Authority, Multi-Family Housing, Revenue Bonds, GO, 4.100%, 1/1/2013 A+/A1
|
|
|
295,000
|
|
|
|
305,139
|
|
Illinois Housing Development Authority, Multi-Family Housing, Revenue Bonds, NATL-RE GO OF AUTH, 4.100%, 1/1/2014 A+/A1; Call
Date 7/1/2013
|
|
|
160,000
|
|
|
|
165,755
|
|
Kendall Kane & Will Counties Community Unit School District No. 308, School District, GO UT, FSA, 0.000%, 10/1/2010
NR/Aa2
|
|
|
100,000
|
|
|
|
99,820
|
|
Lake County Community Consolidated School District No. 34-Antioch, School District, GO, NATL-RE, 3.950%, 12/1/2010 NR/Baa1
|
|
|
100,000
|
|
|
|
101,431
|
|
Lake County Community Unit School District No. 116-Round Lake, School District, GO UT, NATL-RE, 9.000%, 1/1/2012 NR/Baa1
|
|
|
425,000
|
|
|
|
465,239
|
|
Lake County Community Unit School District No. 116-Round Lake, School District, GO UT, NATL-RE, 9.000%, 1/1/2013 NR/Baa1
|
|
|
465,000
|
|
|
|
533,820
|
|
Lake County School District No. 38-Big Hallow, School District, GO UT, AMBAC, 0.000%, 2/1/2012 NR/WR
|
|
|
50,000
|
|
|
|
47,892
|
|
Lake County School District No. 38-Big Hallow, School District, GO UT, AMBAC, 0.000%, 2/1/2013 NR/WR
|
|
|
450,000
|
|
|
|
413,977
|
|
Macon County School District No. 61, School District, GO UT, 4.800%, 12/1/2011 NR/A1
|
|
|
65,000
|
|
|
|
68,396
|
|
Marion & Jefferson Counties Community High School District No. 600 Salem, School District, GO, NATL-RE FGIC,
0.000%, 11/1/2016 NR/WR
|
|
|
475,000
|
|
|
|
353,538
|
|
State of Illinois, Development, Revenue Bonds, FSA, 5.500%, 12/15/2014 NR/Aa3; Call Date 12/15/2010
|
|
|
200,000
|
|
|
|
203,200
|
|
State of Illinois, General Obligation, GO UT, 5.000%, 1/1/2012 A+/Aa3
|
|
|
100,000
|
|
|
|
105,840
|
|
Town of Cicero, General Obligation, GO UT, NATL-RE FGIC, 3.625%, 12/1/2010 A/WR
|
|
|
25,000
|
|
|
|
25,382
|
|
Town of Cicero, General Obligation, GO UT, XLCA, 5.000%, 1/1/2014 NR/WR
|
|
|
210,000
|
|
|
|
215,170
|
|
University of Illinois, General, Certificate of Participation, AMBAC, 5.000%, 8/15/2011 NR/WR
|
|
|
50,000
|
|
|
|
51,896
|
|
Village of Melrose Park, General Obligation, GO UT, NATL-RE, 9.000%, 12/15/2011 NR/Baa1
|
|
|
110,000
|
|
|
|
121,569
|
|
|
|
|
|
|
|
|
|
|
Whiteside County Community Unit School District No. 6 Morrison, School District, GO UT, NATL-RE, 0.000%, 12/1/2011
AA-/Baa1
|
|
|
145,000
|
|
|
|
140,066
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,373,078
|
|
Indiana - 4.4%
|
|
|
|
|
|
|
|
|
Center Grove Community School Corp., General Obligation, GO UT, 2.000%, 6/30/2010 NR/NR
|
|
|
375,000
|
|
|
|
375,191
|
|
Center Grove Community School Corp., General Obligation, GO UT, 2.000%, 12/30/2010 NR/NR
|
|
|
220,000
|
|
|
|
220,576
|
|
Center Grove Community School Corp., School District, GO UT, 2.000%, 6/30/2010 NR/NR
|
|
|
325,000
|
|
|
|
325,166
|
|
Center Grove Community School Corp., School District, GO UT, 2.000%, 12/30/2010 NR/NR
|
|
|
170,000
|
|
|
|
170,445
|
|
City of Carmel, Water, Revenue Bonds, AMBAC, 3.850%, 5/1/2013 NR/WR; Call Date 5/1/2011
|
|
|
150,000
|
|
|
|
151,946
|
|
City of Fort Wayne, Water, Revenue Bonds, NATL-RE FGIC, 5.000%, 8/1/2011 A/Aa3; Call Date 6/1/2010
|
|
|
215,000
|
|
|
|
215,643
|
|
City of Lawrence, Water, Revenue Bonds, 4.000%, 1/1/2012 A/NR
|
|
|
135,000
|
|
|
|
140,177
|
|
Clarksville High School Building Corp., School District, Revenue Bonds, NATL-RE FGIC, 4.500%, 7/15/2012 AA+/WR
|
|
|
100,000
|
|
|
|
105,731
|
|
Indiana Bond Bank, Revenue Bonds, 3.000%, 2/1/2011 AA/NR
|
|
|
80,000
|
|
|
|
81,009
|
|
Indiana Bond Bank, Revenue Bonds, 3.000%, 2/1/2011 AA/NR
|
|
|
230,000
|
|
|
|
232,990
|
|
Indiana Development Finance Authority, Education, Revenue Bonds, 0.600%, 7/1/2026 NR/NR; Call Date 6/3/2010 (4)
|
|
|
100,000
|
|
|
|
100,000
|
|
Indiana Finance Authority, Education, Revenue Bonds, CIFG, 1.850%, 7/1/2025 NR/A2; Call Date 6/3/2010 (4)
|
|
|
2,150,000
|
|
|
|
2,150,000
|
|
Indiana Finance Authority, Medical, Revenue Bonds, 3.000%, 12/1/2011 AA/Aa2
|
|
|
645,000
|
|
|
|
661,273
|
|
Indiana Finance Authority, Medical, Revenue Bonds, 5.000%, 11/1/2011 NR/Aa3
|
|
|
500,000
|
|
|
|
524,625
|
|
Indiana Health Facility Financing Authority, Medical, Revenue Bonds, 0.600%, 2/1/2025 NR/Aa1; Call Date 6/1/2010
(4)
|
|
|
400,000
|
|
|
|
400,000
|
|
Indiana Health Facility Financing Authority, Medical, Revenue Bonds, 5.000%, 6/1/2012 NR/Aa2
|
|
|
850,000
|
|
|
|
912,067
|
|
Indiana Municipal Power Agency, Power, Revenue Bonds, NATL-RE, 6.000%, 1/1/2013 A+/A1
|
|
|
200,000
|
|
|
|
222,402
|
|
Indiana Port Commission, Development, Revenue Bonds, 4.100%, 5/1/2012 A/NR
|
|
|
1,000,000
|
|
|
|
1,045,700
|
|
Indianapolis Local Public Improvement Bond Bank, Bond Bank, Revenue Bonds, NATL-RE, 5.000%, 7/1/2012 AA-/A1
|
|
|
575,000
|
|
|
|
612,473
|
|
Lawrence Central High School Building Corp., School District, Revenue Bonds, 0.000%, 7/1/2011 A/Baa1
|
|
|
10,000
|
|
|
|
9,358
|
|
Marion County Convention & Recreational Facilities Authority, General, Revenue Bonds, NATL-RE, 5.500%, 6/1/2012 A/Baa1;
Call Date 6/1/2011
|
|
|
200,000
|
|
|
|
205,938
|
|
Mount Vernon of Hancock County Multi-School Building Corp., School District, Revenue Bonds, 5.000%, 1/15/2013
A+/Baa1
|
|
|
250,000
|
|
|
|
269,087
|
|
Portage Redevelopment District, General, Tax Allocation, CIFG, 3.500%, 7/15/2010 A/NR
|
|
|
250,000
|
|
|
|
250,578
|
|
South Bend Redevelopment District, General, Special Tax, AMBAC, 3.600%, 1/1/2011 NR/WR
|
|
|
50,000
|
|
|
|
50,422
|
|
St. Joseph County Hospital Authority, Medical, Revenue Bonds, 4.750%, 8/15/2012 AA-/Baa1; Call Date 6/1/2010
|
|
|
350,000
|
|
|
|
350,854
|
|
St. Joseph County Redevelopment District, General, Tax Allocation, 2.000%, 1/15/2011 A+/A1 (5)
|
|
|
400,000
|
|
|
|
401,048
|
|
St. Joseph County Redevelopment District, General, Tax Allocation, 2.000%, 1/15/2012 A+/A1 (5)
|
|
|
100,000
|
|
|
|
100,237
|
|
Wheeler-Union Township School Building Corp., School District, Revenue Bonds, AGM, 4.550%, 7/15/2012 AAA/Aa3; Call Date 1/15/2011
|
|
|
100,000
|
|
|
|
102,057
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,386,993
|
|
Iowa - 2.3%
|
|
|
|
|
|
|
|
|
Ballard Community School District, Education, Revenue Bonds, 3.000%, 7/1/2011 A/NR
|
|
|
660,000
|
|
|
|
672,540
|
|
City of Coralville, General, Tax Allocation, 5.000%, 6/1/2010 NR/A2
|
|
|
415,000
|
|
|
|
415,000
|
|
Dubuque Community School District, Education, Revenue Bonds, 2.750%, 7/1/2011 NR/NR
|
|
|
950,000
|
|
|
|
956,336
|
|
Fort Madison Community School District, Education, Revenue Bonds, 3.000%, 7/1/2010 A+/NR
|
|
|
265,000
|
|
|
|
265,509
|
|
Fort Madison Community School District, Education, Revenue Bonds, 3.000%, 7/1/2011 A+/NR
|
|
|
200,000
|
|
|
|
203,820
|
|
Iowa Finance Authority, Higher Education, Revenue Bonds, NATL-RE, 6.500%, 12/1/2011 A/Baa1
|
|
|
2,425,000
|
|
|
|
2,508,105
|
|
Kirkwood Community College, Higher Education, GO UT, 3.000%, 6/1/2012 AA-/Aa2
|
|
|
190,000
|
|
|
|
194,636
|
|
Marshalltown Community School District, GO UT, 5.000%, 5/1/2011 NR/Baa1
|
|
|
50,000
|
|
|
|
51,352
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,267,298
|
|
Kansas - 0.2%
|
|
|
|
|
|
|
|
|
City of Olathe, Medical, Revenue Bonds, 4.125%, 3/1/2013 A+/NR; Call Date 3/1/2012 (4)
|
|
|
100,000
|
|
|
|
103,483
|
|
Sumner County Unified School District No. 353, GO UT, FGIC, 4.625%, 9/1/2012 A/WR; Call Date 9/1/2010
|
|
|
240,000
|
|
|
|
242,534
|
|
|
|
|
|
|
|
|
|
|
Wyandotte County-Kansas City Unified Government, Power, Revenue Bonds, AMBAC, 0.000%, 9/1/2010 NR/WR
|
|
|
100,000
|
|
|
|
99,492
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
445,509
|
|
Kentucky - 0.5%
|
|
|
|
|
|
|
|
|
City of Danville, Water, Revenue Bonds, 5.050%, 12/1/2010 NR/A1 (4)
|
|
|
175,000
|
|
|
|
178,215
|
|
County of Floyd, General Obligation, GO UT, AGM, 4.400%, 3/1/2013 NR/Aa3; Call Date 6/1/2010
|
|
|
90,000
|
|
|
|
91,871
|
|
Kentucky Economic Development Finance Authority, Medical, Revenue Bonds, 3.000%, 5/1/2011 AA-/NR
|
|
|
425,000
|
|
|
|
431,638
|
|
Kentucky Economic Development Finance Authority, Medical, Revenue Bonds, 4.000%, 5/1/2012 AA-/NR
|
|
|
350,000
|
|
|
|
365,407
|
|
Kentucky Interlocal School Transportation Association, General, Certificate of Participation, 3.500%, 3/1/2011
NR/Aa2
|
|
|
50,000
|
|
|
|
51,132
|
|
Kentucky State Property & Building Commission, Facilities, Revenue Bonds, 1.000%, 11/1/2010 A+/Aa2
|
|
|
30,000
|
|
|
|
30,042
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,148,305
|
|
Louisiana - 2.5%
|
|
|
|
|
|
|
|
|
City of New Orleans, General Obligation, GO UT, FGIC, 5.125%, 12/1/2012 NR/A3
|
|
|
150,000
|
|
|
|
157,716
|
|
City of New Orleans, General Obligation, GO UT, FGIC, 6.500%, 12/1/2011 BBB/A3
|
|
|
425,000
|
|
|
|
452,111
|
|
City of New Orleans, General, Revenue Bonds, AGM, 5.500%, 12/1/2010 AAA/Aa3
|
|
|
100,000
|
|
|
|
102,517
|
|
City of New Orleans, Water, Revenue Bonds, FGIC, 5.000%, 6/1/2011 BBB-/A3; Call Date 6/1/2010
|
|
|
100,000
|
|
|
|
100,994
|
|
Jefferson Sales Tax District, General, Revenue Bonds, AMBAC, 5.250%, 12/1/2014 A+/WR; Call Date 12/1/2011
|
|
|
1,015,000
|
|
|
|
1,058,736
|
|
Louisiana Public Facilities Authority, Medical, Revenue Bonds, 0.600%, 7/1/2021 NR/NR; Call Date 6/1/2010 (4)
|
|
|
890,000
|
|
|
|
890,000
|
|
Louisiana State Citizens Property Insurance Corp., General, Revenue Bonds, Assured Guaranty Corp., 3.000%, 6/1/2011
AAA/Aa3
|
|
|
990,000
|
|
|
|
1,000,187
|
|
Parish of Jefferson, General, Revenue Bonds, AMBAC, 5.000%, 11/1/2011 A+/Aa3
|
|
|
130,000
|
|
|
|
136,890
|
|
Plaquemines Parish School Board, Education, Revenue Bonds, AMBAC, 4.650%, 3/1/2012 NR/WR; Call Date 6/1/2010
|
|
|
785,000
|
|
|
|
794,342
|
|
Regional Transit Authority, General, Revenue Bonds, NATL-RE FGIC, 0.000%, 12/1/2012 A/WR
|
|
|
240,000
|
|
|
|
209,210
|
|
State of Louisiana, General, Revenue Bonds, 0.000%, 6/1/2013 AA/Aa2; Call Date 12/1/2012 (4) (5)
|
|
|
1,000,000
|
|
|
|
1,000,000
|
|
West Ouachita Parish School District, General, Revenue Bonds, 4.400%, 9/1/2011 AA-/Baa1; Call Date 6/1/2010
|
|
|
25,000
|
|
|
|
25,555
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,928,258
|
|
Maryland - 0.4%
|
|
|
|
|
|
|
|
|
City of Baltimore, General, Revenue Bonds, NATL-RE, 5.375%, 9/1/2012 A/Baa1; Call Date 6/1/2010
|
|
|
40,000
|
|
|
|
40,323
|
|
County of Anne Arundel, Multi-Family Housing, Revenue Bonds, FHLMC, 2.125%, 1/1/2013 AAA/NR; Call Date 1/1/2011
|
|
|
700,000
|
|
|
|
701,127
|
|
Maryland Community Development Administration, Single Family Housing, Revenue Bonds, 3.900%, 9/1/2011 NR/Aa2
|
|
|
230,000
|
|
|
|
237,383
|
|
Maryland State Transportation Authority, Transportation, Revenue Bonds, NATL-RE FGIC, 0.000%, 7/1/2011 AA-/Aa3
|
|
|
50,000
|
|
|
|
49,180
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,028,013
|
|
Massachusetts - 1.3%
|
|
|
|
|
|
|
|
|
Freetown Lakeville Regional School District, School District, GO UT, NATL-RE, 3.500%, 1/1/2011 A+/A1
|
|
|
100,000
|
|
|
|
101,547
|
|
Massachusetts Development Finance Agency, Higher Education, Revenue Bonds, 5.000%, 1/1/2012 A-/NR
|
|
|
125,000
|
|
|
|
130,954
|
|
Massachusetts Development Finance Agency, Higher Education, Revenue Bonds, AMBAC, 5.125%, 1/1/2013 A-/WR; Call Date
6/1/2010
|
|
|
70,000
|
|
|
|
70,538
|
|
Massachusetts Health & Educational Facilities Authority, Higher Education, Revenue Bonds, NATL-RE, 4.800%, 7/1/2010
NR/A3
|
|
|
25,000
|
|
|
|
25,057
|
|
Massachusetts Health & Educational Facilities Authority, Medical, Revenue Bonds, AGM, 0.600%, 7/1/2040 AAA/Aa2; Call
Date 6/2/2010 (4)
|
|
|
500,000
|
|
|
|
500,000
|
|
Massachusetts Health & Educational Facilities Authority, Medical, Revenue Bonds, AGM, 5.250%, 6/1/2011 AAA/Aa3; Call
Date 6/1/2010
|
|
|
330,000
|
|
|
|
330,917
|
|
Massachusetts Health & Educational Facilities Authority, Medical, Revenue Bonds, Assured Guaranty Corp., 3.000%,
11/15/2011 AAA/NR
|
|
|
450,000
|
|
|
|
458,406
|
|
Massachusetts Housing Finance Agency, Single Family Housing, Revenue Bonds, 3.950%, 6/1/2011 AA/Aa2 (4)
|
|
|
30,000
|
|
|
|
30,464
|
|
|
|
|
|
|
|
|
|
|
Massachusetts Municipal Wholesale Electric Co., Power, Revenue Bonds, NATL-RE, 5.000%, 7/1/2010 A/Baa1
|
|
|
535,000
|
|
|
|
536,568
|
|
Massachusetts Municipal Wholesale Electric Co., Power, Revenue Bonds, NATL-RE, 5.000%, 7/1/2011 A/Baa1
|
|
|
425,000
|
|
|
|
441,396
|
|
Massachusetts Municipal Wholesale Electric Co., Power, Revenue Bonds, NATL-RE, 5.000%, 7/1/2011 A/Baa1
|
|
|
100,000
|
|
|
|
103,858
|
|
Massachusetts Municipal Wholesale Electric Co., Power, Revenue Bonds, NATL-RE, 5.000%, 7/1/2011 A/A3
|
|
|
100,000
|
|
|
|
103,858
|
|
Massachusetts Municipal Wholesale Electric Co., Power, Revenue Bonds, NATL-RE, 5.250%, 7/1/2014 A/Baa1; Call Date
1/1/2012
|
|
|
165,000
|
|
|
|
173,956
|
|
Massachusetts State Turnpike Authority, Transportation, Revenue Bonds, 5.000%, 1/1/2011 A/A3; Call Date 6/1/2010
|
|
|
25,000
|
|
|
|
25,082
|
|
Town of Ashland, General Obligation, GO, NATL-RE FGIC, 5.500%, 6/1/2012 NR/Aa2; Call Date 6/10/2010
|
|
|
100,000
|
|
|
|
101,101
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,133,702
|
|
Michigan - 3.8%
|
|
|
|
|
|
|
|
|
Allen Park Public School District, School District, GO UT, Q-SBLF, 3.500%, 5/1/2011 AA-/Aa2
|
|
|
100,000
|
|
|
|
102,816
|
|
Alma Public Schools, General, GO UT, Q-SBLF, 5.000%, 5/1/2012 NR/Aa2; Call Date 11/1/2010
|
|
|
200,000
|
|
|
|
203,430
|
|
Charter Township of Redford, Water, Revenue Bonds, AMBAC, 4.800%, 4/1/2015 A/WR; Call Date 10/1/2010
|
|
|
275,000
|
|
|
|
275,679
|
|
City of Battle Creek, General Obligation, GO, AMBAC, 5.000%, 5/1/2014 AA-/Aa3
|
|
|
25,000
|
|
|
|
27,159
|
|
City of Detroit, Water, Revenue Bonds, FSA, 5.000%, 7/1/2010 AAA/Aa3
|
|
|
730,000
|
|
|
|
732,518
|
|
City of Detroit, Water, Revenue Bonds, NATL-RE, 5.400%, 7/1/2011 A/Aa3
|
|
|
160,000
|
|
|
|
167,067
|
|
City of Detroit, Water, Revenue Bonds, NATL-RE, 5.500%, 7/1/2013 A/Aa3 (4)
|
|
|
625,000
|
|
|
|
685,844
|
|
City of Marquette, Water, Revenue Bonds, AMBAC, 4.000%, 5/1/2013 NR/WR
|
|
|
200,000
|
|
|
|
202,408
|
|
Eastern Michigan University, Higher Education, Revenue Bonds, AMBAC, 6.000%, 6/1/2012 NR/A1; Call Date 6/1/2010
|
|
|
200,000
|
|
|
|
202,710
|
|
Eaton Rapids Building Authority, Facilities, GO, 3.000%, 3/1/2011 A+/NR
|
|
|
170,000
|
|
|
|
171,600
|
|
Eaton Rapids Building Authority, Facilities, GO, 3.000%, 3/1/2012 A+/NR
|
|
|
195,000
|
|
|
|
198,863
|
|
Garden City School District, School District, GO UT, Q-SBLF, 4.300%, 5/1/2011 AA-/Aa2
|
|
|
30,000
|
|
|
|
30,909
|
|
Hancock Public Schools, School District, GO UT, Q-SBLF, 4.450%, 5/1/2014 AA-/NR; Call Date 5/1/2012
|
|
|
310,000
|
|
|
|
325,841
|
|
Howell Public Schools, School District, GO UT, Q-SBLF, 5.250%, 5/1/2014 AA-/Aa2; Call Date 5/1/2011
|
|
|
375,000
|
|
|
|
388,927
|
|
Kalamazoo Hospital Finance Authority, Medical, Revenue Bonds, NATL-RE, 5.500%, 5/15/2012 NR/A2; Call Date
6/1/2010
|
|
|
25,000
|
|
|
|
25,073
|
|
Kent Hospital Finance Authority, Medical, Revenue Bonds, 4.000%, 7/15/2011 AA/Aa3
|
|
|
25,000
|
|
|
|
25,822
|
|
Michigan Municipal Bond Authority, General, Revenue Bonds, AMBAC, 4.450%, 11/1/2011 NR/WR
|
|
|
50,000
|
|
|
|
50,394
|
|
Michigan Municipal Bond Authority, General, Revenue Bonds, AMBAC, 4.700%, 11/1/2013 NR/WR; Call Date 6/1/2010
|
|
|
50,000
|
|
|
|
50,120
|
|
Michigan State Building Authority, General, Revenue Bonds, AMBAC, 5.000%, 10/15/2011 A+/Aa3 (4)
|
|
|
1,290,000
|
|
|
|
1,356,229
|
|
Michigan State Hospital Finance Authority, Medical, Revenue Bonds, 5.000%, 5/1/2012 AA-/A-1+/Aa2 (4)
|
|
|
150,000
|
|
|
|
160,058
|
|
Mona Shores Public Schools, School District, GO UT, Q-SBLF, 3.900%, 5/1/2014 AA-/Aa2; Call Date 5/1/2012
|
|
|
800,000
|
|
|
|
829,264
|
|
Muskegon County Building Authority, General Obligation, GO, NATL-RE FGIC, 4.450%, 5/1/2013 AA/Aa3; Call Date
11/1/2011
|
|
|
300,000
|
|
|
|
311,622
|
|
Oakland University, Higher Education, Revenue Bonds, 2.300%, 3/1/2031 A-/A-2/Aaa; Call Date 6/1/2010 (4)
|
|
|
2,000,000
|
|
|
|
2,000,000
|
|
Oakland University, Higher Education, Revenue Bonds, AMBAC, 5.000%, 5/15/2012 NR/A1
|
|
|
25,000
|
|
|
|
26,901
|
|
Southeastern Oakland County, Water, Revenue Bonds, 4.250%, 7/1/2015 AA+/A1; Call Date 7/1/2013
|
|
|
55,000
|
|
|
|
57,650
|
|
Taylor Tax Increment Finance Authority, General, Tax Allocation, FSA, 5.500%, 5/1/2012 AAA/Aa3; Call Date
5/1/2011
|
|
|
100,000
|
|
|
|
104,220
|
|
Utica Community Schools, School District, GO UT, Q-SBLF, 4.600%, 5/1/2014 AA/Aa2; Call Date 5/1/2011
|
|
|
25,000
|
|
|
|
25,620
|
|
Western Michigan University, Higher Education, Revenue Bonds, NATL-RE, 5.000%, 11/15/2010 A/A1
|
|
|
25,000
|
|
|
|
25,381
|
|
Wyoming Public Schools, School District, GO UT, NATL-RE, FGIC, 4.000%, 5/1/2011 A+/Aa3
|
|
|
10,000
|
|
|
|
10,297
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,774,422
|
|
Minnesota - 0.5%
|
|
|
|
|
|
|
|
|
Clearbrook-Gonvick Independent School District No. 2311, School District, GO UT, School District Credit Program, 4.850%,
2/1/2018 AAA/NR; Call Date 2/1/2012
|
|
|
170,000
|
|
|
|
180,260
|
|
Minneapolis & St. Paul Housing & Redevelopment Authority, Medical, Revenue Bonds, 5.000%, 12/1/2014 BBB/Baa1;
Call Date 12/1/2013
|
|
|
15,000
|
|
|
|
15,840
|
|
|
|
|
|
|
|
|
|
|
Minnesota Agricultural & Economic Development Board, Medical, Revenue Bonds, AGC, 4.000%, 2/15/2012 AAA/NR
|
|
|
500,000
|
|
|
|
521,840
|
|
New River Medical Center, Medical, Revenue Bonds, 2.000%, 12/1/2010 NR/NR
|
|
|
370,000
|
|
|
|
370,636
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,088,576
|
|
Mississippi - 1.0%
|
|
|
|
|
|
|
|
|
Mississippi Business Finance Corp., Utilities, Revenue Bonds, 1.000%, 11/1/2010 A/A-1/NR; Call Date 11/1/2010 (4)
|
|
|
2,000,000
|
|
|
|
2,000,000
|
|
Mississippi Gulf Coast Regional Wastewater Authority, Water, Revenue Bonds, NATL-RE, 5.000%, 7/1/2011 NR/Baa1
|
|
|
100,000
|
|
|
|
104,631
|
|
State of Mississippi, General Obligation, GO UT, 5.000%, 11/1/2020 AA/Aa2; Call Date 11/1/2010
|
|
|
50,000
|
|
|
|
50,959
|
|
University of Southern Mississippi, General, Certificate of Participation, AGC, 2.000%, 9/15/2011 AAA/NR
|
|
|
75,000
|
|
|
|
75,388
|
|
University of Southern Mississippi, General, Certificate of Participation, AGC, 3.000%, 9/15/2012 AAA/NR
|
|
|
85,000
|
|
|
|
86,829
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,317,807
|
|
Missouri - 2.8%
|
|
|
|
|
|
|
|
|
City of Branson, General, Revenue Bonds, 3.000%, 1/1/2013 A/NR
|
|
|
130,000
|
|
|
|
133,480
|
|
City of Sikeston, Utilities, Revenue Bonds, NATL-RE, 6.200%, 6/1/2010 A/Baa1
|
|
|
100,000
|
|
|
|
100,000
|
|
City of St. Louis, Airport, Revenue Bonds, AGM, 5.000%, 7/1/2014 AAA/Aa3
|
|
|
100,000
|
|
|
|
109,430
|
|
City of St. Louis, Airport, Revenue Bonds, NATL-RE FGIC, 5.125%, 7/1/2011 A/Baa1; Call Date 6/1/2010
|
|
|
500,000
|
|
|
|
503,845
|
|
City of St. Louis, Airport, Revenue Bonds, NATL-RE FGIC, 5.125%, 7/1/2012 A/Baa1; Call Date 6/1/2010
|
|
|
75,000
|
|
|
|
75,540
|
|
City of St. Louis, General Obligation, GO UT, AMBAC, 5.000%, 2/15/2012 NR/Aa3
|
|
|
25,000
|
|
|
|
26,756
|
|
Fort Zumwalt School District Improvement Corp., Education, Revenue Bonds, NATL-RE FGIC, 5.000%, 3/1/2015 NR/Aa3; Call Date
3/1/2014
|
|
|
25,000
|
|
|
|
27,220
|
|
Kansas City School District Building Corp., Education, Revenue Bonds, FGIC, 5.000%, 2/1/2013 NR/WR
|
|
|
600,000
|
|
|
|
628,410
|
|
Missouri Development Finance Board, General, Revenue Bonds, 3.000%, 4/1/2011 A/NR
|
|
|
130,000
|
|
|
|
131,156
|
|
Missouri Joint Municipal Electric Utility Commission, Power, Revenue Bonds, NATL-RE, 5.000%, 1/1/2013 A/Baa1
|
|
|
355,000
|
|
|
|
377,748
|
|
Missouri State Health & Educational Facilities Authority, Medical, Revenue Bonds, 2.000%, 5/15/2011
A+/NR
|
|
|
340,000
|
|
|
|
341,918
|
|
Missouri State Health & Educational Facilities Authority, Medical, Revenue Bonds, 3.000%, 5/15/2012
A+/NR
|
|
|
500,000
|
|
|
|
510,475
|
|
Missouri State Health & Educational Facilities Authority, Medical, Revenue Bonds, AMBAC, 1.070%, 12/1/2036 A+/A2; Call
Date 6/7/2010 (4)
|
|
|
500,000
|
|
|
|
500,000
|
|
Missouri State Health & Educational Facilities Authority, Medical, Revenue Bonds, AMBAC, 1.100%, 12/1/2036 A+/A2; Call
Date 6/4/2010 (4)
|
|
|
100,000
|
|
|
|
100,000
|
|
Missouri State Health & Educational Facilities Authority, Medical, Revenue Bonds, CIFG, 1.100%, 12/1/2030 A+/A2; Call
Date 6/1/2010 (4)
|
|
|
375,000
|
|
|
|
375,000
|
|
Missouri State Health & Educational Facilities Authority, Medical, Revenue Bonds, CIFG, 1.100%, 12/1/2030 A+/A2; Call
Date 6/2/2010 (4)
|
|
|
2,000,000
|
|
|
|
2,000,000
|
|
SCA Tax Exempt Trust, Multi-Family Housing, Revenue Bonds, FSA, 0.540%, 1/1/2030 AAA/A-1/NR (4)
|
|
|
500,000
|
|
|
|
500,000
|
|
State of Missouri, General, Certificate of Participation, NATL-RE, 5.000%, 6/1/2010 AA+/Aa2
|
|
|
35,000
|
|
|
|
35,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,475,978
|
|
Montana - 0.0%
|
|
|
|
|
|
|
|
|
Montana Board of Housing, Single Family Housing, Revenue Bonds, GO, 4.250%, 12/1/2012 AA+/Aa1; Call Date
12/1/2011
|
|
|
70,000
|
|
|
|
70,160
|
|
|
|
|
|
Nebraska - 0.2%
|
|
|
|
|
|
|
|
|
Douglas County Hospital Authority No. 2, Medical, Revenue Bonds, 3.000%, 1/1/2012 NR/NR
|
|
|
100,000
|
|
|
|
101,373
|
|
Lancaster County Hospital Authority No. 1, Medical, Revenue Bonds, 3.000%, 1/1/2012 NR/NR
|
|
|
250,000
|
|
|
|
253,433
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
354,806
|
|
Nevada - 1.4%
|
|
|
|
|
|
|
|
|
City of Henderson, Medical, Revenue Bonds, 4.000%, 7/1/2012 A/A2
|
|
|
225,000
|
|
|
|
232,992
|
|
City of North Las Vegas, General, Special Assessment, AMBAC, 3.875%, 12/1/2011 BBB+/WR
|
|
|
90,000
|
|
|
|
88,838
|
|
Clark County School District, School District, GO, NATL-RE FGIC, 5.375%, 6/15/2014 AA/Aa2; Call Date 6/15/2011
|
|
|
200,000
|
|
|
|
214,040
|
|
County of Clark, Airport, Revenue Bonds, 5.000%, 7/1/2012 A/A1
|
|
|
1,000,000
|
|
|
|
1,068,140
|
|
County of Clark, General Obligation, GO, AMBAC, 4.000%, 12/1/2012 AA+/Aaa
|
|
|
25,000
|
|
|
|
26,722
|
|
Las Vegas Redevelopment Agency, General, Tax Allocation, 6.000%, 6/15/2015 A/NR
|
|
|
250,000
|
|
|
|
274,977
|
|
North Las Vegas Special Assessment District No. 63, General, Special Assessment, AMBAC, 4.000%, 11/1/2012 A+/Aa2; Call Date
11/1/2010
|
|
|
45,000
|
|
|
|
46,758
|
|
|
|
|
|
|
|
|
|
|
Reno Redevelopment Agency, General, Tax Allocation, NATL-RE, 5.000%, 9/1/2012 A/Baa1; Call Date 6/1/2010
|
|
|
25,000
|
|
|
|
25,065
|
|
Reno-Tahoe Airport Authority, Airport, Revenue Bonds, AGM, 5.000%, 7/1/2010 NR/Aa3
|
|
|
335,000
|
|
|
|
336,156
|
|
Sparks Redevelopment Agency, Development, Tax Allocation, 4.000%, 1/15/2012 A-/NR
|
|
|
500,000
|
|
|
|
510,600
|
|
Virgin Valley Water District, Water, Revenue Bonds, NATL-RE FGIC, 3.500%, 6/1/2014 NR/A1
|
|
|
535,000
|
|
|
|
546,214
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,370,502
|
|
New Hampshire - 0.1%
|
|
|
|
|
|
|
|
|
City of Manchester, Airport, Revenue Bonds, 5.000%, 1/1/2011 A-/A3
|
|
|
265,000
|
|
|
|
269,571
|
|
|
|
|
|
New Jersey - 0.4%
|
|
|
|
|
|
|
|
|
Atlantic County Utilities Authority, Water, Revenue Bonds, AMBAC, 3.375%, 1/15/2011 NR/WR
|
|
|
25,000
|
|
|
|
25,270
|
|
City of Pleasantville, General Obligation, GO UT, NATL-RE, 4.500%, 10/1/2011 NR/A2; Call Date 6/1/2010
|
|
|
150,000
|
|
|
|
150,340
|
|
New Jersey Economic Development Authority, Facilities, Revenue Bonds, NATL-RE, 0.000%, 7/1/2014 A/A1
|
|
|
200,000
|
|
|
|
179,208
|
|
New Jersey Housing & Mortgage Finance Agency, Single Family Housing, Revenue Bonds, 3.750%, 10/1/2011
AA/Aa2
|
|
|
100,000
|
|
|
|
101,989
|
|
Roxbury Township School District, School District, GO UT, AGM, 4.125%, 9/1/2010 NR/Aa2
|
|
|
100,000
|
|
|
|
100,934
|
|
Salem County Improvement Authority, General Obligation, Revenue Bonds, NATL-RE FGIC, 3.500%, 5/1/2011 NR/WR
|
|
|
250,000
|
|
|
|
257,180
|
|
State of New Jersey, General, Certificate of Participation, 5.000%, 6/15/2011 AA-/Aa3
|
|
|
85,000
|
|
|
|
88,369
|
|
Township of Lyndhurst, General Obligation, GO UT, NATL-RE, FGIC, 4.700%, 5/1/2011 NR/A1
|
|
|
100,000
|
|
|
|
103,495
|
|
Township of Lyndhurst, General Obligation, GO UT, NATL-RE, FGIC, 4.700%, 5/1/2014 NR/A1; Call Date 5/1/2011
|
|
|
25,000
|
|
|
|
25,588
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,032,373
|
|
New Mexico - 0.1%
|
|
|
|
|
|
|
|
|
County of Dona Ana, General, Revenue Bonds, AMBAC, 5.250%, 6/1/2012 NR/WR
|
|
|
5,000
|
|
|
|
5,170
|
|
Taos County, School District, Revenue Bonds, RADIAN, 4.000%, 10/1/2010 NR/A3
|
|
|
325,000
|
|
|
|
330,506
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
335,676
|
|
New York - 1.7%
|
|
|
|
|
|
|
|
|
Albany County Airport Authority, Airport, Revenue Bonds, FSA, 4.700%, 12/15/2012 AAA/Aa3; Call Date 6/1/2010
|
|
|
200,000
|
|
|
|
201,498
|
|
Buffalo Sewer Authority, Water, Revenue Bonds, AGM, 5.000%, 7/1/2010 AAA/Aa3
|
|
|
250,000
|
|
|
|
250,902
|
|
City of New York, General Obligation, GO UT, 5.000%, 12/1/2011 AA/Aa2
|
|
|
40,000
|
|
|
|
42,621
|
|
City of New York, General Obligation, GO UT, 5.250%, 6/1/2011 AA/Aa2
|
|
|
65,000
|
|
|
|
68,126
|
|
County of Erie, General Obligation, GO UT, NATL-RE, 5.000%, 12/1/2010 A/A2
|
|
|
300,000
|
|
|
|
305,439
|
|
Hauppauge Union Free School District, School District, GO UT, AGM, 4.125%, 8/1/2013 NR/Aa2; Call Date 8/1/2011
|
|
|
40,000
|
|
|
|
41,298
|
|
New York State Environmental Facilities Corp., Water, Revenue Bonds, 5.000%, 8/15/2013 AAA/Aaa; Call Date
6/1/2010
|
|
|
125,000
|
|
|
|
125,935
|
|
Rocky Point Union Free School District, School District, GO UT, NATL-RE FGIC, 4.500%, 6/1/2011 NR/Aa3
|
|
|
100,000
|
|
|
|
101,000
|
|
Utica Industrial Development Agency, Higher Education, Revenue Bonds, 0.480%, 10/1/2025 NR/A2/VMIG1; Call Date 6/1/2010
(4)
|
|
|
1,800,000
|
|
|
|
1,800,000
|
|
Utica Industrial Development Agency, Higher Education, Revenue Bonds, 0.480%, 7/15/2029 NR/A2/VMIG1; Call Date 6/1/2010
(4)
|
|
|
1,000,000
|
|
|
|
1,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,936,819
|
|
North Carolina - 0.1%
|
|
|
|
|
|
|
|
|
North Carolina Capital Facilities Finance Agency, Higher Education, Revenue Bonds, XLCA, 5.000%, 4/1/2012 NR/WR
|
|
|
195,000
|
|
|
|
201,878
|
|
North Carolina Eastern Municipal Power Agency, Power, Revenue Bonds, 5.500%, 1/1/2012 A-/Baa1
|
|
|
10,000
|
|
|
|
10,667
|
|
University of North Carolina System, Higher Education, Revenue Bonds, AMBAC, 5.000%, 4/1/2011 NR/WR
|
|
|
40,000
|
|
|
|
40,829
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
253,374
|
|
Ohio - 5.0%
|
|
|
|
|
|
|
|
|
Ansonia Local School District, School District, GO UT, NATL-RE, 5.000%, 12/1/2010 NR/Baa1
|
|
|
50,000
|
|
|
|
50,734
|
|
City of Cleveland, General Obligation, GO, Assured Guaranty Corp., 2.250%, 12/1/2011 AAA/Aa3
|
|
|
15,000
|
|
|
|
15,235
|
|
City of Cleveland, General, Certificate of Participation, AMBAC, 0.000%, 11/15/2010 A/A2
|
|
|
100,000
|
|
|
|
99,445
|
|
City of Cleveland, Water, Revenue Bonds, 2.500%, 1/1/2033 AAA/A-2/Aaa; Call Date 6/1/2010 (4)
|
|
|
2,000,000
|
|
|
|
2,000,000
|
|
|
|
|
|
|
|
|
|
|
City of Parma, Medical, Revenue Bonds, 0.710%, 10/1/2029 A-/A-2/NR; Call Date 6/1/2010 (4)
|
|
|
2,895,000
|
|
|
|
2,895,000
|
|
City of Toledo, Facilities, Special Assessment, 4.125%, 6/1/2012 NR/A3 (5)
|
|
|
1,250,000
|
|
|
|
1,293,225
|
|
City of Warrensville Heights, General Obligation, GO, 3.000%, 2/3/2011 NR/NR
|
|
|
1,000,000
|
|
|
|
1,006,500
|
|
County of Erie, General Obligation, Revenue Bonds, 0.490%, 8/15/2046 AAA/A-1/NR; Call Date 6/1/2010 (4)
|
|
|
975,000
|
|
|
|
975,000
|
|
County of Hamilton, Medical, Revenue Bonds, NATL-RE, 5.250%, 5/15/2011 A/Baa1; Call Date 11/15/2010
|
|
|
200,000
|
|
|
|
201,458
|
|
County of Knox, Medical, Revenue Bonds, RADIAN, 5.000%, 6/1/2012 NR/NR
|
|
|
25,000
|
|
|
|
25,163
|
|
Monroe County, General Obligation, GO, Assured Guaranty Corp., 2.000%, 12/1/2010 NR/Aa3
|
|
|
60,000
|
|
|
|
60,168
|
|
Township of Tiffin, General Obligation, GO, 1.500%, 12/15/2010 NR/MIG1 (5)
|
|
|
1,000,000
|
|
|
|
1,002,730
|
|
University of Cincinnati, Higher Education, Revenue Bonds, 0.430%, 6/1/2024 A+/NR/Aa2; Call Date 6/1/2010 (4)
|
|
|
1,700,000
|
|
|
|
1,700,000
|
|
University of Cincinnati, Higher Education, Revenue Bonds, 0.430%, 6/1/2034 A+/NR/Aa2; Call Date 6/1/2010 (4)
|
|
|
400,000
|
|
|
|
400,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,724,658
|
|
Oklahoma - 0.3%
|
|
|
|
|
|
|
|
|
City of Moore, General Obligation, GO UT, NATL-RE, 5.750%, 4/1/2012 A/A1
|
|
|
700,000
|
|
|
|
748,034
|
|
Tulsa Airports Improvement Trust, Airport, Revenue Bonds, NATL-RE, FGIC, 5.400%, 6/1/2011 A/A3
|
|
|
50,000
|
|
|
|
50,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
798,034
|
|
Pennsylvania - 3.0%
|
|
|
|
|
|
|
|
|
Allegheny County Hospital Development Authority, Medical, Revenue Bonds, 1.340%, 8/1/2013 A+/Aa3; Call Date 2/1/2013
(4)
|
|
|
2,000,000
|
|
|
|
2,001,920
|
|
Allegheny County Sanitation Authority, Water, Revenue Bonds, NATL-RE, 5.750%, 12/1/2013 A/A1; Call Date 12/1/2010
|
|
|
25,000
|
|
|
|
25,690
|
|
Blair County Hospital Authority, Medical, Revenue Bonds, 2.375%, 11/15/2010 BBB+/NR
|
|
|
1,000,000
|
|
|
|
1,002,060
|
|
Borough of Sewickley, General Obligation, GO UT, AGM, 3.250%, 12/1/2011 AAA/Aa3; Call Date 6/1/2010
|
|
|
100,000
|
|
|
|
100,140
|
|
City of Philadelphia, Airport, Revenue Bonds, NATL-RE FGIC, 5.250%, 6/15/2014 A+/A2; Call Date 6/1/2010
|
|
|
90,000
|
|
|
|
90,250
|
|
City of Philadelphia, Power, Revenue Bonds, AMBAC, 5.000%, 8/1/2010 BBB-/Baa2
|
|
|
1,630,000
|
|
|
|
1,637,954
|
|
Crestwood School District, School District, GO UT, AGM, 4.000%, 3/1/2015 NR/Aa3; Call Date 9/1/2011
|
|
|
180,000
|
|
|
|
185,456
|
|
Cumberland County Municipal Authority, Nursing Homes, Revenue Bonds, 3.000%, 1/1/2011 NR/NR
|
|
|
500,000
|
|
|
|
500,990
|
|
Erie Sewer Authority, Utilities, Revenue Bonds, 3.000%, 12/1/2011 A-/NR
|
|
|
205,000
|
|
|
|
209,190
|
|
Governor Mifflin School District, School District, GO UT, AGM, 3.550%, 9/15/2012 NR/Aa3; Call Date 9/15/2010
|
|
|
150,000
|
|
|
|
151,022
|
|
Harrisburg Authority, Pollution, Revenue Bonds, AGM, 5.000%, 12/1/2013 AAA/Aa3 (4)
|
|
|
510,000
|
|
|
|
510,806
|
|
Hermitage Municipal Authority, Water, Revenue Bonds, NATL-RE, 3.650%, 2/1/2014 A/Baa1; Call Date 6/1/2010
|
|
|
200,000
|
|
|
|
200,336
|
|
North Star School District, School District, GO UT, AGM, 3.375%, 3/15/2012 AAA/Aa3; Call Date 9/15/2010
|
|
|
100,000
|
|
|
|
100,746
|
|
Philadelphia Hospitals & Higher Education Facilities Authority, Medical, Revenue Bonds, AMBAC, 3.100%, 8/1/2010 A/WR
|
|
|
100,000
|
|
|
|
100,220
|
|
Philadelphia School District, School District, GO, State Aid Withholding, 3.500%, 9/1/2010 A+/Aa2
|
|
|
275,000
|
|
|
|
276,617
|
|
St. Mary Hospital Authority, Medical, Revenue Bonds, 4.000%, 11/15/2011 A/A1
|
|
|
25,000
|
|
|
|
25,996
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,119,393
|
|
Puerto Rico - 1.4%
|
|
|
|
|
|
|
|
|
Government Development Bank for Puerto Rico, General, Revenue Bonds, 5.000%, 12/1/2010 BBB/A3
|
|
|
300,000
|
|
|
|
305,754
|
|
Government Development Bank for Puerto Rico, General, Revenue Bonds, 5.000%, 12/1/2012 BBB/A3
|
|
|
250,000
|
|
|
|
264,215
|
|
Government Development Bank for Puerto Rico, General, Revenue Bonds, 5.500%, 2/1/2012 BBB/NR; Call Date 8/1/2010
|
|
|
200,000
|
|
|
|
200,164
|
|
Puerto Rico Electric Power Authority, Power, Revenue Bonds, AGM, 5.000%, 7/1/2010 AAA/Aa3
|
|
|
100,000
|
|
|
|
100,371
|
|
Puerto Rico Electric Power Authority, Power, Revenue Bonds, CIFG, 3.550%, 7/1/2012 BBB+/A3
|
|
|
50,000
|
|
|
|
52,225
|
|
Puerto Rico Electric Power Authority, Power, Revenue Bonds, XLCA, 5.000%, 7/1/2011 BBB+/A3
|
|
|
50,000
|
|
|
|
52,204
|
|
Puerto Rico Housing Finance Authority, Multi-Family Housing, Revenue Bonds, 4.750%, 10/1/2011 BBB/NR; Call Date
6/1/2010
|
|
|
880,000
|
|
|
|
880,185
|
|
Puerto Rico Public Buildings Authority, General Obligation, Revenue Bonds, AMBAC, 5.750%, 7/1/2010 NR/A3
|
|
|
1,445,000
|
|
|
|
1,450,014
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,305,132
|
|
|
|
|
|
|
|
|
|
|
Rhode Island - 0.5%
|
|
City of Cranston, General Obligation, GO UT, NATL-RE, 5.500%, 7/1/2011 A/A1; Call Date 1/1/2011
|
|
|
25,000
|
|
|
|
25,339
|
|
Rhode Island Health & Educational Building Corp., Education, Revenue Bonds, 3.750%, 5/15/2011 NR/A2
|
|
|
200,000
|
|
|
|
203,904
|
|
Rhode Island Health & Educational Building Corp., Higher Education, Revenue Bonds, 2.500%, 3/1/2012
Ae/NR
|
|
|
455,000
|
|
|
|
462,958
|
|
Rhode Island Health & Educational Building Corp., Medical, Revenue Bonds, 0.500%, 9/15/2033 A-/A-2/Aa2
(4)
|
|
|
400,000
|
|
|
|
400,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,092,201
|
|
South Carolina - 0.5%
|
|
|
|
|
|
|
|
|
East Richland County, Water, Revenue Bonds, AMBAC, 3.750%, 1/1/2011 NR/Aa3
|
|
|
200,000
|
|
|
|
203,568
|
|
Piedmont Municipal Power Agency, Utilities, Revenue Bonds, NATL-RE, 5.250%, 1/1/2012 A/Baa1
|
|
|
500,000
|
|
|
|
527,350
|
|
Trustees of the South Carolina Heritage Trust, General, Revenue Bonds, XLCA, 4.000%, 8/1/2012 NR/A1
|
|
|
25,000
|
|
|
|
26,176
|
|
Winnsboro, Utilities, Revenue Bonds, NATL-RE, 5.250%, 8/15/2010 A/Baa1
|
|
|
300,000
|
|
|
|
302,193
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,059,287
|
|
South Dakota - 0.7%
|
|
|
|
|
|
|
|
|
Puttable Floating Option Tax-Exempt Receipts, General Obligation, GO UT, 0.540%, 12/1/2022 NR/NR (4)
|
|
|
1,370,000
|
|
|
|
1,370,000
|
|
South Dakota Housing Development Authority, Multi-Family Housing, Revenue Bonds, FSA, 4.100%, 11/1/2012 NR/Aa3; Call Date
5/1/2012
|
|
|
175,000
|
|
|
|
179,083
|
|
South Dakota Housing Development Authority, Single Family Housing, Revenue Bonds, 4.050%, 5/1/2012 AAA/Aa1
|
|
|
50,000
|
|
|
|
51,318
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,600,401
|
|
Tennessee - 1.0%
|
|
|
|
|
|
|
|
|
Blount County Public Building Authority, Facilities, Revenue Bonds, CNTY GTD, 0.510%, 12/1/2015 AAA/A-2/Aaa; Call Date 6/1/2010
(4)
|
|
|
1,525,000
|
|
|
|
1,525,000
|
|
Chattanooga-Hamilton County Hospital Authority, Medical, Revenue Bonds, FSA, 3.000%, 10/1/2011 AAA/Aa3
|
|
|
500,000
|
|
|
|
508,095
|
|
Greeneville Industrial Development Board, Development, Revenue Bonds, 0.600%, 11/1/2011 AA-/A-1+/NR; Call Date 6/1/2010
(4)
|
|
|
200,000
|
|
|
|
200,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,233,095
|
|
Texas - 4.7%
|
|
|
|
|
|
|
|
|
Capital Area Cultural Education Facilities Finance Corp., Education, Revenue Bonds, 5.000%, 4/1/2013 NR/WR/WR
|
|
|
380,000
|
|
|
|
398,650
|
|
Cinco Municipal Utility District No. 1, General Obligation, Revenue Bonds, NATL-RE FGIC, 3.750%, 12/1/2012 A/WR; Call Date
12/1/2011
|
|
|
225,000
|
|
|
|
231,374
|
|
City of Austin, Power, Revenue Bonds, NATL-RE, 5.250%, 11/15/2012 A+/A1
|
|
|
100,000
|
|
|
|
110,158
|
|
City of Denton, Utilities, Revenue Bonds, FSA, 5.300%, 12/1/2012 AAA/Aa2; Call Date 12/1/2010
|
|
|
200,000
|
|
|
|
204,170
|
|
City of Houston, General, Certificate of Participation, AMBAC, 7.500%, 12/15/2011 NR/WR
|
|
|
600,000
|
|
|
|
647,586
|
|
County of Webb, General Obligation, GO, AMBAC, 4.000%, 2/1/2011 AA-/Aa3
|
|
|
170,000
|
|
|
|
173,704
|
|
Denton Independent School District, GO UT, PSF, 0.580%, 8/15/2022 NR/NR; Call Date 8/15/2016 (4)
|
|
|
460,000
|
|
|
|
460,000
|
|
Ector County Hospital District, Medical, Revenue Bonds, 5.000%, 4/15/2013 A-/A3; Call Date 6/1/2010
|
|
|
150,000
|
|
|
|
150,234
|
|
Euless Development Corp., General, Revenue Bonds, FSA, 4.000%, 9/15/2011 NR/Aa3
|
|
|
50,000
|
|
|
|
52,170
|
|
Fort Bend County Municipal Utility District No. 23, General Obligation, GO UT, AMBAC, 4.000%, 9/1/2012
BBB+/WR
|
|
|
100,000
|
|
|
|
102,699
|
|
Fort Bend County Municipal Utility District No. 81, General Obligation, GO UT, XLCA, 4.000%, 9/1/2014 A/WR; Call Date
9/1/2012
|
|
|
455,000
|
|
|
|
473,846
|
|
Harris County Health Facilities Development Corp., Medical, Revenue Bonds, AGM, 1.000%, 7/1/2031 AAA/Aa3; Call Date 6/3/2010 (4)
|
|
|
1,500,000
|
|
|
|
1,500,000
|
|
Harris County Health Facilities Development Corp., Medical, Revenue Bonds, AGM, 1.000%, 7/1/2031 AAA/Aa3; Call Date 6/3/2010 (4)
|
|
|
2,050,000
|
|
|
|
2,050,000
|
|
Harris County Health Facilities Development Corp., Medical, Revenue Bonds, NATL-RE, 5.375%, 10/1/2013 AA/Aa2; Call Date 6/1/2010
|
|
|
200,000
|
|
|
|
202,566
|
|
Harris County Municipal Utility District No. 238, General Obligation, GO UT, AGM, 5.800%, 4/1/2015 AAA/Aa3; Call Date
6/1/2010
|
|
|
230,000
|
|
|
|
230,727
|
|
Kings Manor Municipal Utility District, Utilities, GO UT, AGC, 2.000%, 9/1/2010 AAA/NR
|
|
|
100,000
|
|
|
|
100,223
|
|
Lufkin Health Facilities Development Corp., Medical, Revenue Bonds, 3.500%, 2/15/2011 BBB+/Baa2
|
|
|
100,000
|
|
|
|
100,458
|
|
Lufkin Health Facilities Development Corp., Medical, Revenue Bonds, 3.600%, 2/15/2012 BBB+/Baa2
|
|
|
405,000
|
|
|
|
407,446
|
|
|
|
|
|
|
|
|
|
|
Matagorda County Hospital District, Medical, Revenue Bonds, FHA-Insured Mortgage, 4.000%, 2/15/2011 BBB/NR
|
|
|
50,000
|
|
|
|
50,990
|
|
North Texas Tollway Authority, Transportation, Revenue Bonds, 5.000%, 1/1/2013 A-/A2 (4)
|
|
|
100,000
|
|
|
|
107,630
|
|
North Texas Tollway Authority, Transportation, Revenue Bonds, 5.500%, 1/1/2011 A-/A2 (4)
|
|
|
190,000
|
|
|
|
194,777
|
|
State of Texas, General Obligation, GO UT, 0.380%, 4/1/2030 AA/A-2/Aa1; Call Date 6/1/2010 (4)
|
|
|
1,995,000
|
|
|
|
1,995,000
|
|
Tarrant County Cultural Education Facilities Finance Corp., Education, Revenue Bonds, 3.000%, 7/1/2011 A+/A1
|
|
|
375,000
|
|
|
|
379,901
|
|
Tarrant County Cultural Education Facilities Finance Corp., Nursing Homes, Revenue Bonds, 5.000%, 11/15/2010
A-/NR
|
|
|
100,000
|
|
|
|
101,377
|
|
Texas Transportation Commission, Transportation, Revenue Bonds, 5.000%, 2/15/2011 BBB+/Baa1 (4)
|
|
|
110,000
|
|
|
|
112,629
|
|
Texas Water Development Board, Water, Revenue Bonds, 5.625%, 7/15/2011 AAA/Aaa; Call Date 7/15/2010
|
|
|
500,000
|
|
|
|
503,005
|
|
Trail of the Lakes Municipal Utility District, General Obligation, GO UT, AMBAC, 3.850%, 4/1/2012 BBB+/WR
|
|
|
50,000
|
|
|
|
51,387
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,092,707
|
|
Utah - 0.4%
|
|
|
|
|
|
|
|
|
City of Brigham City, General, Special Assessment, 5.000%, 8/1/2011 NR/A1
|
|
|
120,000
|
|
|
|
124,151
|
|
City of Brigham City, General, Special Assessment, 5.000%, 8/1/2012 NR/A1
|
|
|
125,000
|
|
|
|
132,180
|
|
City of Herriman, General, Special Assessment, 3.000%, 11/1/2011 A/NR
|
|
|
370,000
|
|
|
|
375,169
|
|
City of Herriman, General, Special Assessment, 3.000%, 11/1/2012 A/NR
|
|
|
125,000
|
|
|
|
127,127
|
|
Farmington City Municipal Building Authority, Facilities, Revenue Bonds, AMBAC, 4.375%, 6/15/2012 NR/WR
|
|
|
245,000
|
|
|
|
247,783
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,006,410
|
|
Vermont - 0.5%
|
|
|
|
|
|
|
|
|
Vermont Educational & Health Buildings Financing Agency, Higher Education, Revenue Bonds, AMBAC, 4.550%, 10/1/2012
A-/Baa1; Call Date 6/1/2010
|
|
|
720,000
|
|
|
|
727,063
|
|
Vermont Educational & Health Buildings Financing Agency, Medical, Revenue Bonds, FSA, 5.000%, 12/1/2010 AAA/Aa3
(4)
|
|
|
500,000
|
|
|
|
507,320
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,234,383
|
|
Virgin Islands - 0.1%
|
|
|
|
|
|
|
|
|
Virgin Islands Public Finance Authority, General, Revenue Bonds, 5.000%, 10/1/2011 BBB/Baa2
|
|
|
100,000
|
|
|
|
103,828
|
|
|
|
|
|
Virginia - 0.8%
|
|
|
|
|
|
|
|
|
Broadway Industrial Development Authority, Higher Education, Revenue Bonds, 3.850%, 4/1/2011 NR/Baa2
|
|
|
210,000
|
|
|
|
212,016
|
|
City of Covington, General Obligation, GO UT, 3.375%, 12/1/2012 SP-1+/MIG1; Call Date 12/1/2011
|
|
|
370,000
|
|
|
|
379,827
|
|
County of Pittsylvania, School District, GO UT, 3.500%, 7/15/2013 SP-1+/MIG1; Call Date 7/15/2011
|
|
|
1,000,000
|
|
|
|
1,023,510
|
|
County of Spotsylvania, Water, Revenue Bonds, AGM, 4.250%, 6/1/2013 AAA/Aa3; Call Date 6/1/2011
|
|
|
150,000
|
|
|
|
154,812
|
|
Fairfax County Redevelopment & Housing Authority, Facilities, Revenue Bonds, 3.500%, 6/1/2013 AA+/NR; Call Date 6/1/2011
|
|
|
25,000
|
|
|
|
25,784
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,795,949
|
|
Washington - 1.0%
|
|
|
|
|
|
|
|
|
County of Skagit, General Obligation, GO, CIFG, 3.875%, 12/1/2011 NR/Aa3
|
|
|
25,000
|
|
|
|
26,121
|
|
Grays Harbor County Public Utility District No. 1, Power, Revenue Bonds, NATL-RE, FGIC, 5.000%, 7/1/2012
A/A1
|
|
|
50,000
|
|
|
|
53,492
|
|
King County Housing Authority, Housing, Revenue Bonds, CNTY GTD, 2.400%, 1/1/2013 AAA/NR; Call Date 1/1/2012
|
|
|
550,000
|
|
|
|
551,524
|
|
King County Library System Facilities Foundation, Facilities, Revenue Bonds, AMBAC, 4.750%, 12/1/2012 NR/WR; Call Date 6/1/2010
|
|
|
125,000
|
|
|
|
125,090
|
|
Kittitas County Public Utility District No. 1, Utilities, Revenue Bonds, 3.000%, 6/1/2010 NR/A1
|
|
|
40,000
|
|
|
|
40,000
|
|
Kittitas County Public Utility District No. 1, Utilities, Revenue Bonds, 3.000%, 6/1/2011 NR/A1
|
|
|
75,000
|
|
|
|
76,121
|
|
Kittitas County Public Utility District No. 1, Utilities, Revenue Bonds, 3.000%, 6/1/2012 NR/A1
|
|
|
185,000
|
|
|
|
190,174
|
|
Washington Health Care Facilities Authority, Medical, Revenue Bonds, 5.000%, 1/1/2012 A/A2
|
|
|
780,000
|
|
|
|
812,682
|
|
Washington Health Care Facilities Authority, Medical, Revenue Bonds, AMBAC, 4.000%, 12/1/2010 BBB+/WR
|
|
|
400,000
|
|
|
|
405,088
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,280,292
|
|
West Virginia - 0.4%
|
|
|
|
|
|
|
|
|
Berkeley County Public Service Sewer District, Water, Revenue Bonds, 4.375%, 10/1/2011 NR/NR
|
|
|
500,000
|
|
|
|
505,090
|
|
|
|
|
|
|
|
|
|
|
City of Wheeling, Utilities, Revenue Bonds, Assured Guaranty Corp., 2.500%, 6/1/2011 AAA/Aa3
|
|
|
200,000
|
|
|
|
202,324
|
|
City of Wheeling, Utilities, Revenue Bonds, Assured Guaranty Corp., 2.625%, 6/1/2012 AAA/Aa3
|
|
|
200,000
|
|
|
|
203,890
|
|
West Virginia Hospital Finance Authority, Medical, Revenue Bonds, Assured Guaranty Corp., 2.500%, 2/15/2011
AAA/Aa3
|
|
|
100,000
|
|
|
|
100,033
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,011,337
|
|
Wisconsin - 3.5%
|
|
|
|
|
|
|
|
|
Belleville School District, School District, GO UT, AGM, 4.650%, 4/1/2013 AAA/Aa3; Call Date 4/1/2011
|
|
|
250,000
|
|
|
|
257,795
|
|
City of Fond Du Lac, General Obligation, GO UT, NATL-RE FGIC, 3.250%, 3/1/2012 NR/Aa2
|
|
|
25,000
|
|
|
|
26,161
|
|
City of Weyauwega, General Obligation, GO UT, 4.100%, 3/1/2011 NR/NR; Call Date 6/1/2010
|
|
|
375,000
|
|
|
|
377,565
|
|
De Pere Unified School District, School District, GO UT, NATL-RE, FGIC, 4.150%, 10/1/2010 NR/Aa2
|
|
|
15,000
|
|
|
|
15,187
|
|
De Pere Unified School District, School District, GO UT, NATL-RE, FGIC, 4.150%, 10/1/2010 NR/Aa2
|
|
|
10,000
|
|
|
|
10,126
|
|
Green Bay Housing Authority, Housing, Revenue Bonds, 3.000%, 4/1/2011 NR/A3
|
|
|
190,000
|
|
|
|
192,476
|
|
Green Bay Housing Authority, Housing, Revenue Bonds, 3.000%, 4/1/2012 NR/A3
|
|
|
225,000
|
|
|
|
228,933
|
|
Ladysmith-Hawkins School District, GO UT, NATL-RE, FGIC, 4.400%, 9/1/2012 NR/WR
|
|
|
100,000
|
|
|
|
103,896
|
|
Milwaukee Redevelopment Authority, Higher Education, Revenue Bonds, AMBAC, 4.500%, 10/1/2010 NR/WR; Call Date
6/1/2010
|
|
|
100,000
|
|
|
|
100,008
|
|
Milwaukee Redevelopment Authority, Multi-Family Housing, Revenue Bonds, 0.660%, 2/1/2044 NR/NR; Call Date 6/1/2010
(4)
|
|
|
1,435,000
|
|
|
|
1,435,000
|
|
Pardeeville Area School District, GO UT, NATL-RE, 4.250%, 4/1/2011 NR/Aa3
|
|
|
205,000
|
|
|
|
210,959
|
|
Southeast Wisconsin Professional Baseball Park District, General, Revenue Bonds, NATL-RE, 4.600%, 12/15/2013 A/Baa1; Call Date
12/15/2011
|
|
|
45,000
|
|
|
|
47,660
|
|
Southeast Wisconsin Professional Baseball Park District, General, Revenue Bonds, NATL-RE, 5.000%, 12/15/2021 A/Baa1; Call Date
12/15/2011
|
|
|
90,000
|
|
|
|
95,864
|
|
Southeast Wisconsin Professional Baseball Park District, General, Revenue Bonds, NATL-RE, 5.100%, 12/15/2029 A/Baa1; Call Date
12/15/2011
|
|
|
125,000
|
|
|
|
133,334
|
|
Stoughton Area School District, School District, GO UT, NATL-RE FGIC, 4.500%, 4/1/2012 NR/Aa2; Call Date 4/1/2011
|
|
|
75,000
|
|
|
|
77,101
|
|
Stoughton Area School District, School District, GO UT, NATL-RE, FGIC, 5.500%, 4/1/2011 NR/Aa2
|
|
|
50,000
|
|
|
|
52,105
|
|
Village of Hustisford, Utilities, Revenue Bonds, 4.750%, 9/1/2012 NR/NR
|
|
|
135,000
|
|
|
|
140,324
|
|
Village of Mukwonago, Water, Revenue Bonds, 4.000%, 12/1/2012 NR/A1; Call Date 6/1/2011
|
|
|
85,000
|
|
|
|
86,902
|
|
Waunakee Community School District, School District, GO UT, NATL-RE, 4.000%, 4/1/2011 NR/Aa2
|
|
|
25,000
|
|
|
|
25,743
|
|
Wisconsin Health & Educational Facilities Authority, Higher Education, Revenue Bonds, NATL-RE, 5.250%, 6/1/2010
A/A2
|
|
|
150,000
|
|
|
|
150,000
|
|
Wisconsin Health & Educational Facilities Authority, Medical, Revenue Bonds, 0.690%, 7/1/2024 NR/NR; Call Date 6/1/2010 (4)
|
|
|
2,000,000
|
|
|
|
2,000,000
|
|
Wisconsin Health & Educational Facilities Authority, Medical, Revenue Bonds, 3.000%, 6/1/2011 NR/A2 (5)
|
|
|
500,000
|
|
|
|
506,880
|
|
Wisconsin Health & Educational Facilities Authority, Medical, Revenue Bonds, 4.000%, 6/1/2012 NR/A2 (5)
|
|
|
500,000
|
|
|
|
516,340
|
|
Wisconsin Health & Educational Facilities Authority, Medical, Revenue Bonds, 4.500%, 5/1/2011 BBB+/NR
|
|
|
15,000
|
|
|
|
15,155
|
|
Wisconsin Health & Educational Facilities Authority, Medical, Revenue Bonds, 4.625%, 9/1/2011 BBB+/NR
|
|
|
565,000
|
|
|
|
582,063
|
|
Wisconsin Health & Educational Facilities Authority, Medical, Revenue Bonds, 5.000%, 2/15/2011 BBB+/NR
|
|
|
275,000
|
|
|
|
278,578
|
|
Wisconsin Health & Educational Facilities Authority, Medical, Revenue Bonds, 5.000%, 2/15/2012 BBB+/NR
|
|
|
155,000
|
|
|
|
159,185
|
|
Wisconsin Health & Educational Facilities Authority, Medical, Revenue Bonds, 5.450%, 7/1/2011 A-/A3
|
|
|
100,000
|
|
|
|
102,159
|
|
Wisconsin Health & Educational Facilities Authority, Medical, Revenue Bonds, AMBAC, 5.000%, 12/15/2013 NR/A1
|
|
|
235,000
|
|
|
|
255,995
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,183,494
|
|
|
|
|
|
|
|
|
|
|
Total Municipals
(identified cost $192,360,517)
|
|
|
|
|
|
|
192,835,045
|
|
Short-Term Investments - 18.7%
|
|
|
|
|
|
|
|
|
Mutual Funds - 14.2%
|
|
|
|
|
|
|
|
|
Marshall Tax-Free Money Market Fund, Class I, 0.530% (13)
|
|
|
33,269,853
|
|
|
|
33,269,853
|
|
|
|
|
|
|
|
|
|
|
|
Short-Term Municipals - 4.5%
|
|
|
|
|
|
|
|
|
|
Alexandria Board of Education, School District, GO UT, 3.000%, 11/18/2010 NR/NR
|
|
$
|
162,000
|
|
|
|
163,301
|
|
|
California Municipal Finance Authority, Development, Revenue Bonds, 1.000%, 9/1/2010 BBB/A-2/NR (4)
|
|
|
1,500,000
|
|
|
|
1,499,625
|
|
|
City of Beckley, Higher Education, Revenue Notes, 3.500%, 12/17/2010 NR/MIG3; Call Date 6/1/2010
|
|
|
435,000
|
|
|
|
434,895
|
|
|
City of East Providence, General Obligation, GO UT, 4.000%, 5/26/2011 NR/NR
|
|
|
600,000
|
|
|
|
611,658
|
|
|
City of Two Rivers, General Obligation, GO UT, Assured Guaranty Corp., 2.000%, 4/1/2011 AAA/NR
|
|
|
40,000
|
|
|
|
40,289
|
|
|
Douglas County Hospital Authority No. 2, Medical, Revenue Bonds, 2.000%, 1/1/2011 NR/NR
|
|
|
100,000
|
|
|
|
100,280
|
|
|
El Dorado Springs, Utilities, Revenue Notes, 2.000%, 7/1/2010 NR/NR
|
|
|
500,000
|
|
|
|
500,015
|
|
|
Fishers Redevelopment Authority, Development, Revenue Bonds, 4.000%, 1/15/2011 AA/NR
|
|
|
700,000
|
|
|
|
711,956
|
|
|
Iowa Higher Education Loan Authority, Student Loan, Revenue Notes, 2.500%, 5/20/2011 SP-1/NR
|
|
|
2,000,000
|
|
|
|
2,020,060
|
|
|
Iowa Higher Education Loan Authority, Student Loan, Revenue Notes, 5.000%, 5/20/2011 NR/NR
|
|
|
2,000,000
|
|
|
|
2,000,600
|
|
|
Lancaster County Hospital Authority No. 1, Medical, Revenue Bonds, 2.000%, 1/1/2011 NR/NR
|
|
|
150,000
|
|
|
|
150,420
|
|
|
Massachusetts Health & Educational Facilities Authority, Medical, Revenue Bonds, Assured Guaranty Corp., 2.500%,
11/15/2010 AAAe/NR
|
|
|
200,000
|
|
|
|
201,046
|
|
|
Michigan Municipal Bond Authority, General, Revenue Notes, 5.000%, 3/21/2011 SP-1/NR
|
|
|
1,300,000
|
|
|
|
1,302,249
|
|
|
Minnesota Agricultural & Economic Development Board, Medical, Revenue Bonds, AGC, 3.000%, 2/15/2011
AAA/NR
|
|
|
150,000
|
|
|
|
152,235
|
|
|
Perth Amboy Board of Education, Education, Certificate of Participation, AGC, 3.000%, 6/15/2010 AAA/Aa3
|
|
|
250,000
|
|
|
|
250,120
|
|
|
Sparks Redevelopment Agency, Development, Tax Allocation, 4.000%, 1/15/2011 A-/NR
|
|
|
430,000
|
|
|
|
434,678
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,573,427
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments
(identified cost $43,838,198)
|
|
|
|
|
|
|
43,843,280
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments - 101.1%
(identified cost $236,198,715)
|
|
|
|
|
|
|
236,678,325
|
|
|
Other Assets and Liabilities - (1.1)%
|
|
|
|
|
|
|
(2,650,078
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Assets - 100.0%
|
|
|
|
|
|
$
|
234,028,247
|
|
|
|
|
|
|
|
|
|
|
|
Short-Term Income Fund
SCHEDULE OF INVESTMENTS - As of May 31, 2010
(Unaudited)
|
|
|
|
|
|
|
|
|
|
Description/Credit Ratings
(8)
|
|
Shares or
Principal
Amount
|
|
|
Value
|
|
Asset-Backed Securities - 9.9%
|
|
|
|
|
|
|
|
|
|
|
|
|
Automobiles - 8.3%
|
|
|
|
|
|
|
|
|
DaimlerChrysler Auto Trust, Class A3A, (Series 2007-A), 5.000%, 2/8/2012
|
|
$
|
809,127
|
|
|
$
|
816,613
|
|
DaimlerChrysler Auto Trust, Class A4, (Series 2006-C), 4.980%, 11/8/2011
|
|
|
647,520
|
|
|
|
648,254
|
|
Fifth Third Auto Trust, Class A4A, (Series 2008-1), 4.810%, 1/15/2013
|
|
|
1,500,000
|
|
|
|
1,546,444
|
|
Ford Credit Auto Owner Trust, Class A2A, (Series 2009-A), 3.240%, 8/15/2011
|
|
|
223,952
|
|
|
|
224,455
|
|
Ford Credit Auto Owner Trust, Class A3, (Series 2009-D), 2.170%, 10/15/2013
|
|
|
1,250,000
|
|
|
|
1,264,982
|
|
Honda Auto Receivables Owner Trust, Class A3, (Series 2010-2), 1.340%, 3/18/2014
|
|
|
500,000
|
|
|
|
499,659
|
|
Nissan Auto Receivables Owner Trust, Class A3, (Series 2009-A), 3.200%, 2/15/2013
|
|
|
1,000,000
|
|
|
|
1,022,713
|
|
USAA Auto Owner Trust, Class A3, (Series 2009-1), 3.020%, 6/15/2013
|
|
|
1,400,000
|
|
|
|
1,423,456
|
|
USAA Auto Owner Trust, Class A4, (Series 2006-4), 4.980%, 10/15/2012
|
|
|
1,156,352
|
|
|
|
1,172,084
|
|
World Omni Auto Receivables Trust, Class A3, (Series 2009-A), 3.330%, 5/15/2013
|
|
|
1,000,000
|
|
|
|
1,020,818
|
|
World Omni Auto Receivables Trust, Class A3, (Series 2010-A), 1.340%, 12/16/2013
|
|
|
1,000,000
|
|
|
|
1,000,935
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,640,413
|
|
|
|
|
|
Credit Cards - 1.2%
|
|
|
|
|
|
|
|
|
Chase Issuance Trust, Class A, (Series 2007-A15), 4.960%, 9/17/2012
|
|
|
1,500,000
|
|
|
|
1,518,931
|
|
|
|
|
|
Other Financial - 0.4%
|
|
|
|
|
|
|
|
|
Countrywide Asset-Backed Certificates, Class A1, (Series 2007-QH2), 0.583%, 4/25/2037 (4) (6) (7)
|
|
|
869,786
|
|
|
|
474,278
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Asset-Backed Securities
(identified cost $12,854,981)
|
|
|
|
|
|
|
12,633,622
|
|
|
|
|
|
Collateralized Mortgage Obligations - 10.4%
|
|
|
|
|
|
|
|
|
|
|
|
|
Federal Home Loan Mortgage Corporation - 0.3%
|
|
|
|
|
|
|
|
|
5.250%, 1/15/2034, (Series 3014)
|
|
|
298,646
|
|
|
|
307,939
|
|
5.900%, 11/15/2035, (Series 3061)
|
|
|
22,914
|
|
|
|
22,922
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
330,861
|
|
|
|
|
|
Government National Mortgage Association - 2.0%
|
|
|
|
|
|
|
|
|
2.866%, 2/16/2020, (Series 2003-48)
|
|
|
242,999
|
|
|
|
245,324
|
|
3.206%, 4/16/2018, (Series 2003-72)
|
|
|
116,566
|
|
|
|
117,389
|
|
3.590%, 11/16/2017, (Series 2004-78)
|
|
|
153,866
|
|
|
|
154,243
|
|
4.408%, 1/16/2025, (Series 2004-103)
|
|
|
1,000,000
|
|
|
|
1,021,977
|
|
4.419%, 5/16/2034, (Series 2007-46)
|
|
|
1,000,000
|
|
|
|
1,034,172
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,573,105
|
|
|
|
|
|
Private Sponsor - 8.1%
|
|
|
|
|
|
|
|
|
Banc of America Funding Corp., Class 1A12, (Series 2006-6), 5.750%, 8/25/2036
|
|
|
800,725
|
|
|
|
772,379
|
|
Banc of America Funding Corp., Class 1A3, (Series 2007-C), 5.695%, 5/20/2036 (4)
|
|
|
1,044,927
|
|
|
|
997,358
|
|
Chase Mortgage Finance Corp., Class A3, (Series 2006-S4), 6.000%, 12/25/2036
|
|
|
1,083,977
|
|
|
|
1,062,695
|
|
Countrywide Alternative Loan Trust, Class 1A2, (Series 2004-J9), 4.586%, 10/25/2034
|
|
|
207,508
|
|
|
|
205,934
|
|
Countrywide Home Loan Mortgage Pass-Through Trust, Class 2A2A, (Series 2006-HYB1), 5.386%, 3/20/2036 (4)
|
|
|
338,420
|
|
|
|
326,967
|
|
First Horizon Asset Securities, Inc., Class 1A1, (Series 2005-1), 5.000%, 3/25/2035
|
|
|
999,615
|
|
|
|
991,692
|
|
GMAC Mortgage Corporation Loan Trust, Class 2A2, (Series 2006-AR2), 5.377%, 5/19/2036 (4)
|
|
|
855,571
|
|
|
|
156,844
|
|
GSR Mortgage Loan Trust, Class 2A4, (Series 2005-AR5), 4.870%, 10/25/2035 (4)
|
|
|
687,329
|
|
|
|
607,288
|
|
JP Morgan Alternative Loan Trust, Class 2A4, (Series 2006-A5), 5.850%, 10/25/2036 (4)
|
|
|
1,942,887
|
|
|
|
1,263,357
|
|
JP Morgan Mortgage Trust, Class 2A2, (Series 2005-S3), 5.500%, 1/25/2021
|
|
|
596,667
|
|
|
|
576,861
|
|
JP Morgan Mortgage Trust, Class 3A1, (Series 2007-A2), 5.824%, 4/25/2037 (4)
|
|
|
908,466
|
|
|
|
876,194
|
|
Lehman Mortgage Trust, Class 5A1, (Series 2006-2), 5.500%, 4/25/2036
|
|
|
851,513
|
|
|
|
828,190
|
|
PHH Alternative Mortgage Trust, Class 1A1, (Series 2007-2), 0.453%, 5/25/2037 (4)
|
|
|
305,731
|
|
|
|
288,772
|
|
Residential Funding Mortgage Securities, Class 2A2, (Series 2006-SA3), 5.958%, 9/25/2036 (4)
|
|
|
534,166
|
|
|
|
433,216
|
|
Wells Fargo Mortgage Backed Securities Trust, Class 2A4, (Series 2006-AR7), 5.530%, 5/25/2036 (4)
|
|
|
694,229
|
|
|
|
585,695
|
|
|
|
|
|
|
|
|
|
|
Wells Fargo Mortgage Backed Securities Trust, Class 2A4, (Series 2006-AR8), 4.759%, 4/25/2036 (4)
|
|
|
482,444
|
|
|
|
457,612
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,431,054
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Collateralized Mortgage Obligations
(identified cost $14,863,346)
|
|
|
|
|
|
|
13,335,020
|
|
|
|
|
|
Commercial Mortgage Securities - 16.3%
|
|
|
|
|
|
|
|
|
|
|
|
|
Private Sponsor - 16.3%
|
|
|
|
|
|
|
|
|
Banc of America Commercial Mortgage, Inc., Class A2, (Series 2007-2), 5.634%, 4/10/2049 (4)
|
|
|
1,100,000
|
|
|
|
1,126,864
|
|
Banc of America Commercial Mortgage, Inc., Class A2, (Series 2007-3), 5.658%, 6/10/2049
|
|
|
1,225,000
|
|
|
|
1,246,017
|
|
Bear Stearns Commercial Mortgage Securities, Class A1, (Series 2007-BBA8), 0.407%, 3/15/2022
(4) (6) (7)
|
|
|
1,001,082
|
|
|
|
956,093
|
|
Commercial Mortgage Pass-Through Certificates, Class A2, (Series 2006-FL12), 0.437%, 12/15/2020
(4) (6) (7)
|
|
|
1,258,685
|
|
|
|
1,195,517
|
|
Commercial Mortgage Pass-Through Certificates, Class A3, (Series 2004-LB3A), 5.090%, 7/10/2037
|
|
|
1,250,000
|
|
|
|
1,281,465
|
|
Credit Suisse First Boston Mortgage Securities Corp., Class A3, (Series 2005-C1), 4.813%, 2/15/2038
|
|
|
1,516,897
|
|
|
|
1,535,764
|
|
Credit Suisse Mortgage Capital Certificates, Class A1, (Series 2006-TF2A), 0.437%, 10/15/2021
(4) (6) (7)
|
|
|
978,082
|
|
|
|
943,500
|
|
Credit Suisse Mortgage Capital Certificates, Class A1, (Series 2007-TFLA), 0.407%, 2/15/2022
(4) (6) (7)
|
|
|
1,100,894
|
|
|
|
1,016,630
|
|
Greenwich Capital Commercial Funding Corp., Class A2, (Series 2007-GG9), 5.381%, 3/10/2039
|
|
|
1,275,000
|
|
|
|
1,308,962
|
|
Greenwich Capital Commercial Funding Corp., Class A3, (Series 2005-GG3), 4.569%, 8/10/2042
|
|
|
1,600,000
|
|
|
|
1,609,495
|
|
GS Mortgage Securities Corp. II, Class A3, (Series 2007-EOP), 0.465%, 3/6/2020 (4) (6) (7)
|
|
|
1,400,000
|
|
|
|
1,325,892
|
|
JP Morgan Chase Commercial Mortgage Securities Corp., Class A1B, (Series 2006-FL1A), 0.457%, 2/15/2020
(4) (6) (7)
|
|
|
1,338,722
|
|
|
|
1,269,913
|
|
JP Morgan Chase Commercial Mortgage Securities Corp., Class A2, (Series 2007-LD12), 5.827%, 2/15/2051
|
|
|
900,000
|
|
|
|
933,800
|
|
LB-UBS Commercial Mortgage Trust, Class A2, (Series 2007-C6), 5.845%, 7/15/2040
|
|
|
871,488
|
|
|
|
904,636
|
|
LB-UBS Commercial Mortgage Trust, Class AAB, (Series 2006-C1), 5.139%, 2/15/2031
|
|
|
925,000
|
|
|
|
971,455
|
|
Lehman Brothers Commercial Mortgage Trust, Class A1, (Series 2007-LLFA), 0.637%, 6/15/2022 (4) (6) (7)
|
|
|
1,487,887
|
|
|
|
1,371,753
|
|
Merrill Lynch/Countrywide Commercial Mortgage Trust, Class A2, (Series 2006-2), 5.878%, 6/12/2046
|
|
|
1,000,000
|
|
|
|
1,022,519
|
|
Merrill Lynch/Countrywide Commercial Mortgage Trust, Class ASB, (Series 2006-2), 5.877%, 6/12/2046
|
|
|
750,000
|
|
|
|
796,298
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Commercial Mortgage Securities
(identified cost $20,435,479)
|
|
|
|
|
|
|
20,816,573
|
|
|
|
|
|
Corporate Bonds & Notes - 40.5%
|
|
|
|
|
|
|
|
|
|
|
|
|
Aerospace/Defense - 1.3%
|
|
|
|
|
|
|
|
|
Boeing Co., 1.875%, 11/20/2012
|
|
|
500,000
|
|
|
|
502,833
|
|
Systems 2001 Asset Trust LLC, 6.664%, 9/15/2013 (6) (7)
|
|
|
1,069,772
|
|
|
|
1,126,363
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,629,196
|
|
|
|
|
|
Auto Manufacturers - 0.7%
|
|
|
|
|
|
|
|
|
Daimler Finance North America LLC, 5.875%, 3/15/2011
|
|
|
810,000
|
|
|
|
835,184
|
|
|
|
|
|
Banks - 12.0%
|
|
|
|
|
|
|
|
|
ANZ National Int’l, Ltd./London, 2.375%, 12/21/2012 (6) (7)
|
|
|
1,000,000
|
|
|
|
1,005,369
|
|
Banco Santander Chile, 2.875%, 11/13/2012 (6) (7)
|
|
|
500,000
|
|
|
|
494,129
|
|
Bank of America Corp., 7.375%, 5/15/2014 (5)
|
|
|
1,300,000
|
|
|
|
1,436,657
|
|
Barclays Bank PLC, 2.500%, 1/23/2013
|
|
|
1,250,000
|
|
|
|
1,228,006
|
|
BB&T Corp., 6.500%, 8/1/2011 (5)
|
|
|
1,500,000
|
|
|
|
1,578,216
|
|
Citigroup, Inc., 5.500%, 4/11/2013 (1)
|
|
|
1,300,000
|
|
|
|
1,340,013
|
|
GMAC, LLC., 7.500%, 12/31/2013 (1)
|
|
|
528,000
|
|
|
|
520,080
|
|
Goldman Sachs Group, Inc., 5.250%, 10/15/2013 (1)
|
|
|
1,300,000
|
|
|
|
1,353,659
|
|
JPMorgan Chase & Co., 3.700%, 1/20/2015 (1)
|
|
|
1,700,000
|
|
|
|
1,717,886
|
|
Morgan Stanley, 5.050%, 1/21/2011
|
|
|
1,500,000
|
|
|
|
1,528,207
|
|
National City Corp., 4.000%, 2/1/2011
|
|
|
1,075,000
|
|
|
|
1,088,438
|
|
Regions Bank, Birmingham, AL, 3.250%, 12/9/2011
|
|
|
1,000,000
|
|
|
|
1,035,253
|
|
Santander U.S. Debt SA Unipersonal, 2.485%, 1/18/2013 (6) (7)
|
|
|
1,000,000
|
|
|
|
980,461
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,306,374
|
|
|
|
|
|
|
|
|
|
Beverages - 0.8%
|
|
|
|
|
|
|
|
Anheuser-Busch InBev Worldwide, Inc., 3.000%, 10/15/2012
|
|
1,000,000
|
|
|
|
1,025,190
|
|
|
|
|
|
Biotechnology - 0.8%
|
|
|
|
|
|
|
|
Life Technologies Corp., 3.375%, 3/1/2013
|
|
1,000,000
|
|
|
|
1,015,951
|
|
|
|
|
|
Computers - 0.8%
|
|
|
|
|
|
|
|
Hewlett-Packard Co., 2.950%, 8/15/2012 (1)
|
|
1,000,000
|
|
|
|
1,035,461
|
|
|
|
|
|
Diversified Financial Services - 6.4%
|
|
|
|
|
|
|
|
BlackRock, Inc., 2.250%, 12/10/2012
|
|
900,000
|
|
|
|
914,837
|
|
Credit Suisse USA, Inc., 6.125%, 11/15/2011
|
|
1,225,000
|
|
|
|
1,299,780
|
|
General Electric Capital Corp., 2.800%, 1/8/2013 (1)
|
|
2,000,000
|
|
|
|
2,021,332
|
|
Invesco, Ltd., 5.625%, 4/17/2012
|
|
1,325,000
|
|
|
|
1,387,522
|
|
Lehman Brothers Holdings, Inc., 5.000%, 1/14/2011 (2) (12)
|
|
1,100,000
|
|
|
|
233,750
|
|
Merrill Lynch & Co., Inc., 6.050%, 8/15/2012 (1)
|
|
1,350,000
|
|
|
|
1,419,518
|
|
TD Ameritrade Holding Corp., 4.150%, 12/1/2014
|
|
940,000
|
|
|
|
961,425
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,238,164
|
|
|
|
|
|
Electric - 1.8%
|
|
|
|
|
|
|
|
Alliant Energy Corp., 4.000%, 10/15/2014
|
|
1,200,000
|
|
|
|
1,226,942
|
|
FPL Group Capital, Inc., 5.625%, 9/1/2011
|
|
1,000,000
|
|
|
|
1,050,210
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,277,152
|
|
|
|
|
|
Electronics - 0.8%
|
|
|
|
|
|
|
|
Agilent Technologies, Inc., 4.450%, 9/14/2012
|
|
1,000,000
|
|
|
|
1,041,193
|
|
|
|
|
|
Healthcare-Products - 0.9%
|
|
|
|
|
|
|
|
Boston Scientific Corp., 4.500%, 1/15/2015
|
|
1,200,000
|
|
|
|
1,168,462
|
|
|
|
|
|
Healthcare-Services - 0.9%
|
|
|
|
|
|
|
|
Roche Holdings, Inc., 4.500%, 3/1/2012 (6) (7)
|
|
1,050,000
|
|
|
|
1,106,106
|
|
|
|
|
|
Home Furnishings - 1.0%
|
|
|
|
|
|
|
|
Whirlpool Corp., 5.500%, 3/1/2013
|
|
1,150,000
|
|
|
|
1,226,206
|
|
|
|
|
|
Household Products/Wares - 0.3%
|
|
|
|
|
|
|
|
Fortune Brands, Inc., 4.875%, 12/1/2013
|
|
425,000
|
|
|
|
447,511
|
|
|
|
|
|
Insurance - 7.8%
|
|
|
|
|
|
|
|
Berkshire Hathaway Finance Corp., 4.000%, 4/15/2012 (1)
|
|
1,500,000
|
|
|
|
1,576,311
|
|
Berkshire Hathaway, Inc., 2.125%, 2/11/2013 (1)
|
|
2,000,000
|
|
|
|
2,023,048
|
|
Hartford Financial Services Group, Inc., 5.250%, 10/15/2011
|
|
1,250,000
|
|
|
|
1,285,819
|
|
HSB Capital I, 1.213%, 7/15/2027 (4)
|
|
2,430,000
|
|
|
|
1,980,450
|
|
Metropolitan Life Global Funding I, 2.500%, 1/11/2013 (6) (7)
|
|
1,000,000
|
|
|
|
1,007,796
|
|
Prudential Financial, Inc., 2.750%, 1/14/2013 (1)
|
|
1,300,000
|
|
|
|
1,303,097
|
|
Swiss Re Insurance Solutions Holding Corp., 7.500%, 6/15/2010
|
|
750,000
|
|
|
|
751,492
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,928,013
|
|
|
|
|
|
Iron/Steel - 1.0%
|
|
|
|
|
|
|
|
ArcelorMittal, 5.375%, 6/1/2013 (1)
|
|
1,200,000
|
|
|
|
1,252,429
|
|
|
|
|
|
Media - 0.9%
|
|
|
|
|
|
|
|
Time Warner Cable, Inc., 6.200%, 7/1/2013
|
|
1,000,000
|
|
|
|
1,111,534
|
|
|
|
|
|
Pharmaceuticals - 0.7%
|
|
|
|
|
|
|
|
Pfizer, Inc., 4.450%, 3/15/2012
|
|
800,000
|
|
|
|
844,578
|
|
|
|
|
|
Telecommunications - 0.8%
|
|
|
|
|
|
|
|
Cellco Partnership / Verizon Wireless Capital LLC, 5.250%, 2/1/2012 (1)
|
|
1,000,000
|
|
|
|
1,061,546
|
|
|
|
|
|
Transportation - 0.8%
|
|
|
|
|
|
|
|
CSX Corp., 5.750%, 3/15/2013
|
|
1,000,000
|
|
|
|
1,090,199
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Corporate Bonds & Notes
(identified cost $52,157,288)
|
|
|
|
|
|
51,640,449
|
|
|
|
|
|
Municipals - 1.2%
|
|
|
|
|
|
|
|
|
|
|
|
Illinois - 1.2%
|
|
|
|
|
|
|
|
State of Illinois, General Obligation, GO UT, 4.071%, 1/1/2014 A+/Aa3
|
|
1,525,000
|
|
|
|
1,545,298
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Municipals
(identified cost $1,525,000)
|
|
|
|
|
|
1,545,298
|
|
|
|
|
|
|
|
|
|
|
|
Mutual Funds - 6.8%
|
|
|
|
|
|
|
|
|
|
Eaton Vance Institutional Senior Loan Fund, 3.890%
|
|
|
518,134
|
|
|
|
4,559,492
|
|
|
Fidelity Floating Rate High Income Fund, 4.060%
|
|
|
433,809
|
|
|
|
4,086,480
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Mutual Funds
(identified cost $8,816,514)
|
|
|
|
|
|
|
8,645,972
|
|
|
|
|
|
|
U.S. Government & U.S. Government Agency Obligations - 1.7%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Federal Home Loan Mortgage Corporation - 1.7%
|
|
|
|
|
|
|
|
|
|
5.500%, 8/20/2012
|
|
$
|
2,000,000
|
|
|
|
2,192,604
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total U.S. Government & U.S. Government Agency Obligations
(identified cost $2,023,664)
|
|
|
|
|
|
|
2,192,604
|
|
|
|
|
|
|
U.S. Government Agency-Mortgage Securities - 0.9%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Federal National Mortgage Association - 0.3%
|
|
|
|
|
|
|
|
|
|
7.000%, 12/1/2015
|
|
|
64,835
|
|
|
|
70,196
|
|
|
7.500%, 9/1/2015
|
|
|
91,037
|
|
|
|
99,710
|
|
|
9.500%, 12/1/2024
|
|
|
47,661
|
|
|
|
54,930
|
|
|
9.500%, 1/1/2025
|
|
|
18,915
|
|
|
|
21,800
|
|
|
9.500%, 1/1/2025
|
|
|
26,482
|
|
|
|
30,593
|
|
|
10.000%, 7/1/2020
|
|
|
34,135
|
|
|
|
39,075
|
|
|
11.000%, 12/1/2015
|
|
|
1,244
|
|
|
|
1,279
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
317,583
|
|
|
|
|
|
|
Government National Mortgage Association - 0.6%
|
|
|
|
|
|
|
|
|
|
7.500%, 8/15/2037
|
|
|
669,187
|
|
|
|
738,728
|
|
|
9.000%, 12/15/2019
|
|
|
36,860
|
|
|
|
42,109
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
780,837
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total U.S. Government Agency-Mortgage Securities
(identified cost $1,025,295)
|
|
|
|
|
|
|
1,098,420
|
|
|
|
|
|
|
Short-Term Investments - 21.9%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Collateral Pool Investment for Securities on Loan - 8.9%
|
|
|
|
|
|
|
|
|
|
(See Note 2 of the Schedule of Investments)
|
|
|
|
|
|
|
11,380,263
|
|
|
|
|
|
|
Federal Home Loan Mortgage Corporation - 0.3%
|
|
|
|
|
|
|
|
|
|
0.220%, 6/1/2010 (3) (11)
|
|
|
400,000
|
|
|
|
400,000
|
|
|
|
|
|
|
Repurchase Agreement - 11.1%
|
|
|
|
|
|
|
|
|
|
Agreement with Morgan Stanley & Co., Inc., 0.180%, dated 5/28/2010, to be repurchased at $14,125,868 on 6/1/2010,
collateralized by U.S. Government Agency Obligations with various maturities to 9/5/2013, with a market value of $14,466,465 (at amortized cost)
|
|
|
14,125,585
|
|
|
|
14,125,585
|
|
|
|
|
|
|
Short-Term Municipals - 1.6%
|
|
|
|
|
|
|
|
|
|
California Municipal Finance Authority, Development, Revenue Bonds, 1.000%, 9/1/2010 BBB/A-2/NR (4)
|
|
|
2,100,000
|
|
|
|
2,099,475
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments
(identified cost $28,005,848)
|
|
|
|
|
|
|
28,005,323
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments - 109.6%
(identified cost $141,707,415)
|
|
|
|
|
|
|
139,913,281
|
|
|
Other Assets and Liabilities - (9.6)%
|
|
|
|
|
|
|
(12,241,864
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Assets - 100.0%
|
|
|
|
|
|
$
|
127,671,417
|
|
|
|
|
|
|
|
|
|
|
|
Short-Intermediate Bond Fund
SCHEDULE OF INVESTMENTS - As of May 31, 2010
(Unaudited)
|
|
|
|
|
|
|
|
|
|
Description
|
|
Principal
Amount
|
|
|
Value
|
|
Collateralized Mortgage Obligations - 3.3%
|
|
|
|
|
|
|
|
|
|
|
|
|
Private Sponsor - 3.3%
|
|
|
|
|
|
|
|
|
Chase Mortgage Finance Corp., Class 7A1, (Series 2007-A2), 5.860%, 7/25/2037 (4)
|
|
$
|
2,373,358
|
|
|
$
|
2,234,794
|
|
JP Morgan Mortgage Trust, Class 2A1, (Series 2006-A3), 5.556%, 5/25/2036 (4)
|
|
|
2,406,752
|
|
|
|
2,153,836
|
|
PHH Alternative Mortgage Trust, Class 1A1, (Series 2007-2), 0.453%, 5/25/2037 (4)
|
|
|
1,265,096
|
|
|
|
1,194,921
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Collateralized Mortgage Obligations
(identified cost $5,903,998)
|
|
|
|
|
|
|
5,583,551
|
|
|
|
|
|
Commercial Mortgage Securities - 10.7%
|
|
|
|
|
|
|
|
|
|
|
|
|
Private Sponsor - 10.7%
|
|
|
|
|
|
|
|
|
Bear Stearns Commercial Mortgage Securities, Class AM, (Series 2007-PW17), 5.915%, 6/11/2050 (4)
|
|
|
2,000,000
|
|
|
|
1,691,184
|
|
Commercial Mortgage Pass-Through Certificates, Class A2, (Series 2006-FL12), 0.437%, 12/15/2020 (4) (6) (7)
|
|
|
1,730,692
|
|
|
|
1,643,835
|
|
Credit Suisse Mortgage Capital Certificates, Class A1, (Series 2007-TFLA), 0.407%, 2/15/2022 (4) (6) (7)
|
|
|
1,344,614
|
|
|
|
1,241,696
|
|
Credit Suisse Mortgage Capital Certificates, Class AM, (Series 2007-C5), 5.869%, 9/15/2040 (4)
|
|
|
6,000,000
|
|
|
|
3,876,690
|
|
GS Mortgage Securities Corp. II, Class A2, (Series 2007-EOP), 0.415%, 3/6/2020 (4) (6) (7)
|
|
|
1,500,000
|
|
|
|
1,435,070
|
|
JP Morgan Chase Commercial Mortgage Securities Corp., Class A1, (Series 2007-FL1A), 0.712%, 7/15/2019 (4) (6) (7)
|
|
|
3,365,263
|
|
|
|
2,919,520
|
|
Lehman Brothers Commercial Mortgage Trust, Class A1, (Series 2007-LLFA), 0.637%, 6/15/2022 (4) (6) (7)
|
|
|
5,207,605
|
|
|
|
4,801,136
|
|
Merrill Lynch/Countrywide Commercial Mortgage Trust, Class AM, (Series 2007-9), 5.856%, 9/12/2049 (4)
|
|
|
1,000,000
|
|
|
|
808,507
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Commercial Mortgage Securities
(identified cost $21,515,918)
|
|
|
|
|
|
|
18,417,638
|
|
|
|
|
|
Corporate Bonds & Notes - 34.6%
|
|
|
|
|
|
|
|
|
|
|
|
|
Banks - 10.4%
|
|
|
|
|
|
|
|
|
Abbey National Treasury Services PLC/London, 3.875%, 11/10/2014 (6) (7)
|
|
|
1,500,000
|
|
|
|
1,477,977
|
|
ANZ National Int’l, Ltd./London, 2.375%, 12/21/2012 (6) (7)
|
|
|
2,000,000
|
|
|
|
2,010,738
|
|
Barclays Bank PLC, 3.900%, 4/7/2015
|
|
|
2,000,000
|
|
|
|
1,957,236
|
|
BB&T Corp., 3.850%, 7/27/2012 (1)
|
|
|
2,000,000
|
|
|
|
2,067,410
|
|
Citigroup, Inc., 4.750%, 5/19/2015 (1)
|
|
|
1,000,000
|
|
|
|
988,740
|
|
Commonwealth Bank of Australia, 5.000%, 10/15/2019 (6) (7)
|
|
|
1,500,000
|
|
|
|
1,523,691
|
|
Credit Suisse/New York, 3.450%, 7/2/2012
|
|
|
2,000,000
|
|
|
|
2,066,164
|
|
Goldman Sachs Group, Inc., 6.000%, 6/15/2020 (5)
|
|
|
1,500,000
|
|
|
|
1,519,516
|
|
Rabobank Nederland NV, 3.200%, 3/11/2015 (6) (7)
|
|
|
1,200,000
|
|
|
|
1,206,256
|
|
Santander Issuances SA Unipersonal, 6.500%, 8/11/2019 (4) (6) (7)
|
|
|
1,500,000
|
|
|
|
1,568,601
|
|
Santander U.S. Debt SA Unipersonal, 1.089%, 3/30/2012 (4) (6) (7)
|
|
|
1,500,000
|
|
|
|
1,454,787
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17,841,116
|
|
|
|
|
|
Building Materials - 1.9%
|
|
|
|
|
|
|
|
|
CRH America, Inc., 6.000%, 9/30/2016 (1)
|
|
|
3,000,000
|
|
|
|
3,270,834
|
|
|
|
Diversified Financial Services - 4.1%
|
|
American General Finance Corp., 5.375%, 10/1/2012
|
|
|
2,500,000
|
|
|
|
2,250,000
|
|
American Honda Finance Corp., 6.700%, 10/1/2013 (6) (7)
|
|
|
2,000,000
|
|
|
|
2,266,630
|
|
General Electric Capital Corp., 5.500%, 1/8/2020 (1)
|
|
|
1,600,000
|
|
|
|
1,644,389
|
|
Lehman Brothers Holdings, Inc., 6.000%, 7/19/2012 (2) (12)
|
|
|
4,000,000
|
|
|
|
850,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,011,019
|
|
|
|
|
|
Food - 0.9%
|
|
|
|
|
|
|
|
|
Kraft Foods, Inc., 5.375%, 2/10/2020 (1)
|
|
|
1,500,000
|
|
|
|
1,560,767
|
|
|
|
|
|
Healthcare-Products - 1.2%
|
|
|
|
|
|
|
|
|
Boston Scientific Corp., 4.500%, 1/15/2015 (1)
|
|
|
2,000,000
|
|
|
|
1,947,436
|
|
|
|
|
|
|
|
|
|
|
Insurance - 7.9%
|
|
|
|
|
|
|
|
|
Berkshire Hathaway, Inc., 0.858%, 2/11/2013 (4)
|
|
2,000,000
|
|
|
|
1,994,128
|
|
|
Berkshire Hathaway, Inc., 3.200%, 2/11/2015
|
|
1,500,000
|
|
|
|
1,536,217
|
|
|
Genworth Life Institutional Funding Trust, 5.875%, 5/3/2013 (6) (7)
|
|
2,000,000
|
|
|
|
2,085,404
|
|
|
HSB Capital I, 1.213%, 7/15/2027 (4)
|
|
4,000,000
|
|
|
|
3,260,000
|
|
|
Metropolitan Life Global Funding I, 0.698%, 7/13/2011 (4) (6) (7)
|
|
1,500,000
|
|
|
|
1,498,347
|
|
|
Progressive Corp., 6.700%, 6/15/2037 (4)
|
|
2,300,000
|
|
|
|
2,101,303
|
|
|
Prudential Financial, Inc., 3.875%, 1/14/2015 (1)
|
|
1,100,000
|
|
|
|
1,106,996
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,582,395
|
|
|
|
|
|
|
Iron/Steel - 1.2%
|
|
|
|
|
|
|
|
|
ArcelorMittal, 5.375%, 6/1/2013 (1)
|
|
2,000,000
|
|
|
|
2,087,382
|
|
|
|
|
|
|
Media - 2.4%
|
|
|
|
|
|
|
|
|
Comcast Corp., 4.950%, 6/15/2016 (1)
|
|
2,000,000
|
|
|
|
2,111,792
|
|
|
NBC Universal, Inc., 5.150%, 4/30/2020 (1) (6) (7)
|
|
2,000,000
|
|
|
|
2,045,880
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,157,672
|
|
|
|
|
|
|
Mining - 1.5%
|
|
|
|
|
|
|
|
|
Anglo American Capital PLC, 9.375%, 4/8/2019
|
|
2,000,000
|
|
|
|
2,514,936
|
|
|
|
|
|
|
Pipelines - 2.4%
|
|
|
|
|
|
|
|
|
Enterprise Products Operating LLC, 5.200%, 9/1/2020 (1)
|
|
2,000,000
|
|
|
|
2,004,054
|
|
|
Kinder Morgan Energy Partners LP, 5.625%, 2/15/2015 (1)
|
|
2,000,000
|
|
|
|
2,156,076
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,160,130
|
|
|
|
|
|
|
Real Estate Investment Trusts - 0.7%
|
|
|
|
|
|
|
|
|
ProLogis, 6.250%, 3/15/2017
|
|
1,200,000
|
|
|
|
1,155,400
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Corporate Bonds & Notes
(identified cost $61,808,754)
|
|
|
|
|
|
59,289,087
|
|
|
|
|
|
|
U.S. Government & U.S. Government Agency Obligations - 31.3%
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury Bonds & Notes - 31.3%
|
|
|
|
|
|
|
|
|
1.375%, 11/15/2012 (1)
|
|
28,000,000
|
|
|
|
28,242,816
|
|
|
2.500%, 4/30/2015 (1)
|
|
5,000,000
|
|
|
|
5,101,565
|
|
|
3.125%, 4/30/2017 (1)
|
|
10,000,000
|
|
|
|
10,245,310
|
|
|
3.500%, 5/15/2020 (1)
|
|
10,000,000
|
|
|
|
10,167,170
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total U.S. Government & U.S. Government Agency Obligations
(identified cost
$53,830,805)
|
|
|
|
|
|
53,756,861
|
|
|
|
|
|
|
Short-Term Investments - 62.8%
|
|
|
|
|
|
|
|
|
|
|
|
|
Collateral Pool Investment for Securities on Loan - 42.1%
|
|
|
|
|
|
|
|
|
(See Note 2 of the Schedule of Investments)
|
|
|
|
|
|
72,124,979
|
|
|
|
|
|
|
Repurchase Agreement - 20.7%
|
|
|
|
|
|
|
|
|
Agreement with Morgan Stanley & Co., Inc., 0.180%, dated 5/28/2010, to be repurchased at $35,518,562 on 6/1/2010,
collateralized by U.S. Government Agency Obligations with various maturities to 3/26/2024, with a market value of $36,384,389 (at amortized cost)
|
|
35,517,852
|
|
|
|
35,517,852
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments
(identified cost $107,642,831)
|
|
|
|
|
|
107,642,831
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments - 142.7%
(identified cost $250,702,306)
|
|
|
|
|
|
244,689,968
|
|
|
Other Assets and Liabilities - (42.7)%
|
|
|
|
|
|
(73,167,842
|
)
|
|
|
|
|
|
|
|
|
|
|
Total Net Assets - 100.0%
|
|
|
|
|
$
|
171,522,126
|
|
|
|
|
|
|
|
|
|
|
Intermediate Tax-Free Fund
SCHEDULE OF INVESTMENTS - As of May 31, 2010
(Unaudited)
|
|
|
|
|
|
|
|
|
|
Description/Credit Ratings (8)
|
|
Shares or
Principal
Amount
|
|
|
Value
|
|
Municipals - 93.1%
|
|
|
|
|
|
|
|
|
|
|
|
|
Alabama - 0.4%
|
|
|
|
|
|
|
|
|
Alabama State Board of Education, Higher Education, Revenue Bonds, 4.375%, 10/1/2017 NR/A1
|
|
$
|
200,000
|
|
|
$
|
210,952
|
|
Alabama State Board of Education, Higher Education, Revenue Bonds, 4.500%, 10/1/2018 NR/A1
|
|
|
210,000
|
|
|
|
222,092
|
|
Alabama State Board of Education, Higher Education, Revenue Bonds, 4.750%, 10/1/2019 NR/A1; Call Date 10/1/2018
|
|
|
220,000
|
|
|
|
233,981
|
|
Alabama State Board of Education, Higher Education, Revenue Bonds, 5.000%, 10/1/2020 NR/A1; Call Date 10/1/2018
|
|
|
230,000
|
|
|
|
247,323
|
|
Alabama State Board of Education, Higher Education, Revenue Bonds, 5.250%, 10/1/2021 NR/A1; Call Date 10/1/2018
|
|
|
140,000
|
|
|
|
152,180
|
|
Alabama State Board of Education, Higher Education, Revenue Bonds, 5.375%, 10/1/2022 NR/A1; Call Date 10/1/2018
|
|
|
105,000
|
|
|
|
114,358
|
|
County of Jefferson, Water, Revenue Bonds, FSA, 5.250%, 2/1/2011 AAA/Aa3; Call Date 6/1/2010
|
|
|
300,000
|
|
|
|
298,083
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,478,969
|
|
|
|
|
|
Alaska - 0.1%
|
|
|
|
|
|
|
|
|
Alaska Student Loan Corp., Student Loan, Revenue Bonds, Guaranteed Student Loans, 5.000%, 6/1/2018 AAA/NR; Call Date 6/1/2015 (9)
|
|
|
270,000
|
|
|
|
282,860
|
|
|
|
|
|
Arizona - 5.0%
|
|
|
|
|
|
|
|
|
Arizona Health Facilities Authority, Medical, Revenue Bonds, 5.000%, 1/1/2020 A+/NR; Call Date 1/1/2017
|
|
|
900,000
|
|
|
|
940,977
|
|
Arizona School Facilities Board, General, Certificate of Participation, 5.750%, 9/1/2019 A+/Aa3; Call Date
9/1/2018
|
|
|
690,000
|
|
|
|
792,851
|
|
Arizona State University, Higher Education, Revenue Bonds, 6.250%, 7/1/2028 AA-/A1; Call Date 7/1/2018
|
|
|
500,000
|
|
|
|
581,105
|
|
City of Goodyear, Utilities, Revenue Bonds, 5.000%, 7/1/2022 A-/A2; Call Date 7/1/2020
|
|
|
205,000
|
|
|
|
212,048
|
|
City of Goodyear, Utilities, Revenue Bonds, 5.000%, 7/1/2023 A-/A2; Call Date 7/1/2020
|
|
|
265,000
|
|
|
|
272,815
|
|
City of Goodyear, Utilities, Revenue Bonds, 5.000%, 7/1/2024 A-/A2; Call Date 7/1/2020
|
|
|
80,000
|
|
|
|
81,970
|
|
City of Goodyear, Utilities, Revenue Bonds, 5.125%, 7/1/2025 A-/A2; Call Date 7/1/2020
|
|
|
345,000
|
|
|
|
354,974
|
|
Gila County Unified School District No. 10-Payson, School District, GO UT, 3.000%, 7/1/2019 NR/Aa3; Call Date 7/1/2018
(4)
|
|
|
500,000
|
|
|
|
530,430
|
|
Gila County Unified School District No. 10-Payson, School District, GO UT, 3.000%, 7/1/2020 NR/Aa3; Call Date 7/1/2018
(4)
|
|
|
600,000
|
|
|
|
635,478
|
|
Glendale Industrial Development Authority, Development, Revenue Bonds, 5.000%, 5/15/2035 A-/NR; Call Date
5/15/2020
|
|
|
500,000
|
|
|
|
490,205
|
|
Maricopa County Elementary School District No. 28-Kyrene Elementary, School District, GO UT, MBIA, 5.000%, 7/1/2013
NR/Aa1
|
|
|
125,000
|
|
|
|
139,149
|
|
Maricopa County Elementary School District No. 8-Osborn, School District, GO UT, 6.000%, 7/1/2024 A/NR; Call Date
7/1/2016
|
|
|
300,000
|
|
|
|
324,756
|
|
Maricopa County Industrial Development Authority, Medical, Revenue Bonds, 5.000%, 7/1/2016 A/A2; Call Date
6/1/2010
|
|
|
105,000
|
|
|
|
105,096
|
|
Maricopa County Industrial Development Authority, Single Family Housing, Revenue Bonds, FNMA/GNMA/FHLMC, 5.450%, 3/1/2039 NR/Aaa;
Call Date 9/1/2016 (4) (9)
|
|
|
14,046
|
|
|
|
14,633
|
|
Phoenix Civic Improvement Corp., Airport, Revenue Bonds, 5.000%, 7/1/2020 AA-/Aa3; Call Date 7/1/2018
|
|
|
600,000
|
|
|
|
655,770
|
|
Phoenix Civic Improvement Corp., District, General, Revenue Bonds, MBIA, 0.000%, 7/1/2013 AA/Aa3
|
|
|
1,145,000
|
|
|
|
1,029,641
|
|
Phoenix Civic Improvement Corp., General, Revenue Bonds, NATL-RE FGIC, 0.000%, 7/1/2013 AA/Aa3
|
|
|
320,000
|
|
|
|
293,798
|
|
Phoenix Civic Improvement Corp., Transportation, Revenue Bonds, NATL-RE-IBC FSA, 5.000%, 7/1/2025 NR/NR; Call Date
6/1/2010
|
|
|
115,000
|
|
|
|
115,337
|
|
Phoenix Civic Improvement Corp., Water, Revenue Bonds, MBIA, 5.250%, 7/1/2016 AAA/Aa2
|
|
|
135,000
|
|
|
|
156,388
|
|
Pima County Industrial Development Authority, Development, Revenue Bonds, 5.250%, 7/1/2031 AA/Aa2; Call Date
7/1/2019
|
|
|
1,700,000
|
|
|
|
1,764,566
|
|
Pima County Industrial Development Authority, Education, Revenue Bonds, 6.375%, 7/1/2028 NR/Baa3; Call Date
7/1/2018
|
|
|
330,000
|
|
|
|
291,773
|
|
|
|
|
|
|
|
|
|
Pinal County Elementary School District No. 4 Casa Grande Elementary, School District, GO UT, NATL-RE, 4.000%, 7/1/2016 NR/A1
|
|
215,000
|
|
|
|
223,944
|
|
Rio Nuevo Multipurpose Facilities District, General, Revenue Bonds, Assured Guaranty Corp., 5.000%, 7/15/2015
AAA/Aa3
|
|
1,075,000
|
|
|
|
1,169,331
|
|
Scottsdale Industrial Development Authority, Medical, Revenue Bonds, 5.000%, 9/1/2018 BBB+/A3
|
|
250,000
|
|
|
|
260,788
|
|
State of Arizona, General, Certificate of Participation, AGM, 5.250%, 10/1/2024 AAA/Aa3; Call Date 10/1/2019
|
|
2,000,000
|
|
|
|
2,165,380
|
|
University Medical Center Corp., Medical, Revenue Bonds, GO, 5.250%, 7/1/2014 BBB+/Baa1
|
|
500,000
|
|
|
|
532,775
|
|
Vistancia Community Facilities District, General Obligation, GO UT, 5.500%, 7/15/2020 NR/A1; Call Date 7/15/2015
|
|
500,000
|
|
|
|
508,720
|
|
Yuma Municipal Property Corp., Water, Revenue Bonds, XLCA, 5.000%, 7/1/2023 A+/A1; Call Date 7/1/2017
|
|
1,950,000
|
|
|
|
2,047,032
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,691,730
|
|
|
|
|
|
Arkansas - 0.3%
|
|
|
|
|
|
|
|
Conway Health Facilities Board, Medical, Revenue Bonds, 5.000%, 8/1/2018 BBB+/NR
|
|
885,000
|
|
|
|
927,834
|
|
|
|
|
|
California - 6.2%
|
|
|
|
|
|
|
|
ABC Unified School District, School District, GO UT, MBIA, 5.000%, 2/1/2021 A+/Baa1
|
|
500,000
|
|
|
|
519,665
|
|
Anaheim Public Financing Authority, Power, Revenue Bonds, AMBAC, 4.500%, 10/1/2015 NR/WR
|
|
350,000
|
|
|
|
353,448
|
|
California Infrastructure & Economic Development Bank, Power, Revenue Bonds, 5.750%, 2/1/2039 A/A2; Call Date 2/1/2015
|
|
600,000
|
|
|
|
622,494
|
|
California Infrastructure & Economic Development Bank, Power, Revenue Bonds, 6.250%, 2/1/2039 A/A2; Call Date 2/1/2015
|
|
500,000
|
|
|
|
531,205
|
|
California Pollution Control Financing Authority, Pollution, Revenue Bonds, 4.000%, 6/1/2010 BBB/A-2/NR (4)
|
|
250,000
|
|
|
|
250,000
|
|
California Pollution Control Financing Authority, Pollution, Revenue Bonds, 4.500%, 6/1/2010 BBB/A-2/NR
(4) (9)
|
|
250,000
|
|
|
|
250,000
|
|
California Pollution Control Financing Authority, Pollution, Revenue Bonds, FGIC, 4.750%, 12/1/2023 BBB+/A3; Call Date 6/1/2017
(9)
|
|
630,000
|
|
|
|
612,265
|
|
California Statewide Communities Development Authority, Medical, Revenue Bonds, 5.000%, 8/15/2021 A+/A1; Call Date
8/15/2016
|
|
80,000
|
|
|
|
81,704
|
|
City & County of San Francisco, General Obligation, GO UT, 4.625%, 6/15/2030 AA/Aa1; Call Date 6/15/2015
|
|
350,000
|
|
|
|
354,935
|
|
Fontana Unified School District, School District, GO UT, 0.000%, 12/1/2012 SP-1+/MIG1
|
|
1,500,000
|
|
|
|
1,400,520
|
|
Fresno Unified School District, School District, GO UT, MBIA, 5.300%, 2/1/2014 A+/Baa1
|
|
290,000
|
|
|
|
314,105
|
|
Fresno Unified School District, School District, GO UT, MBIA, 5.800%, 2/1/2014 A+/Baa1
|
|
125,000
|
|
|
|
137,545
|
|
Fresno Unified School District, School District, GO UT, MBIA, 6.000%, 8/1/2026 A+/Baa1
|
|
1,400,000
|
|
|
|
1,546,314
|
|
Hawthorne School District, School District, GO UT, 4.000%, 11/15/2010 SP-1+/NR
|
|
1,250,000
|
|
|
|
1,263,312
|
|
Jurupa Community Services District, Facilities, Certificate of Participation, 5.000%, 9/1/2029 AA-/NR; Call Date
9/1/2020
|
|
375,000
|
|
|
|
388,669
|
|
Lake Tahoe Unified School District, School District, GO UT, NATL-RE FGIC, 0.000%, 8/1/2016 A+/Aa3
|
|
575,000
|
|
|
|
445,901
|
|
Lake Tahoe Unified School District, School District, GO UT, NATL-RE FGIC, 0.000%, 8/1/2017 A+/Aa3
|
|
650,000
|
|
|
|
470,970
|
|
Los Angeles Unified School District, School District, GO UT, 5.000%, 7/1/2024 AA-/Aa2; Call Date 7/1/2019
|
|
225,000
|
|
|
|
241,448
|
|
Oxnard School District, School District, GO UT, MBIA, 5.750%, 8/1/2022 A+/Baa1; Call Date 2/1/2022
|
|
100,000
|
|
|
|
110,032
|
|
Palo Alto Unified School District, School District, GO UT, 0.000%, 8/1/2017 AAA/Aa1
|
|
490,000
|
|
|
|
380,853
|
|
Pleasant Valley School District-Ventura County, School District, GO UT, MBIA, 5.850%, 2/1/2020 A+/Baa1
|
|
50,000
|
|
|
|
56,071
|
|
Pomona Unified School District, School District, GO UT, MBIA, 6.550%, 8/1/2029 A/Baa1
|
|
200,000
|
|
|
|
230,392
|
|
San Gorgonio Memorial Health Care District, Medical, GO UT, 6.500%, 8/1/2014 NR/A1
|
|
230,000
|
|
|
|
247,262
|
|
San Gorgonio Memorial Health Care District, Medical, GO UT, 6.500%, 8/1/2015 NR/A1
|
|
310,000
|
|
|
|
332,497
|
|
Santa Barbara County College Elementary School District, School District, GO UT, 0.000%, 8/1/2026 AA/NR
|
|
135,000
|
|
|
|
53,923
|
|
Santa Barbara County College Elementary School District, School District, GO UT, 0.000%, 8/1/2027 AA/NR
|
|
365,000
|
|
|
|
135,462
|
|
Santa Barbara County College Elementary School District, School District, GO UT, 0.000%, 8/1/2029 AA/NR
|
|
335,000
|
|
|
|
107,917
|
|
Santa Barbara County College Elementary School District, School District, GO UT, 0.000%, 8/1/2031 AA/NR
|
|
470,000
|
|
|
|
131,788
|
|
Santa Barbara County College Elementary School District, School District, GO UT, 0.000%, 8/1/2033 AA/NR
|
|
575,000
|
|
|
|
140,743
|
|
Santa Monica Community College District, General Obligation, GO UT, NATL-RE, 0.000%, 8/1/2017 AA/Aa1; Call Date
8/1/2015
|
|
775,000
|
|
|
|
562,169
|
|
|
|
|
|
|
|
|
|
Semitropic Improvement District, Water, Revenue Bonds, XLCA, 4.250%, 12/1/2022 AA/WR; Call Date 12/1/2016
|
|
50,000
|
|
|
|
48,909
|
|
Semitropic Improvement District, Water, Revenue Bonds, XLCA, 5.500%, 12/1/2022 AA/WR; Call Date 12/1/2014
|
|
655,000
|
|
|
|
712,450
|
|
Sierra View Local Health Care District, Medical, Revenue Bonds, 4.700%, 7/1/2016 NR/NR
|
|
250,000
|
|
|
|
257,040
|
|
Sierra View Local Health Care District, Medical, Revenue Bonds, 4.875%, 7/1/2018 NR/NR; Call Date 7/1/2017
|
|
650,000
|
|
|
|
657,150
|
|
Sierra View Local Health Care District, Medical, Revenue Bonds, 5.250%, 7/1/2022 NR/NR; Call Date 7/1/2017
|
|
1,000,000
|
|
|
|
1,026,090
|
|
Sierra View Local Health Care District, Medical, Revenue Bonds, 5.250%, 7/1/2023 NR/NR; Call Date 7/1/2017
|
|
250,000
|
|
|
|
254,870
|
|
Stockton Unified School District, GO UT, 4.000%, 2/1/2011 SP-1+/NR; Call Date 6/1/2010
|
|
400,000
|
|
|
|
400,572
|
|
Twin Rivers Unified School District, School District, GO UT, 0.000%, 4/1/2014 A+/SP-1+/NR
|
|
1,100,000
|
|
|
|
971,927
|
|
University of California, Higher Education, Revenue Bonds, AGM, 5.000%, 5/15/2018 AAA/Aa1; Call Date 5/15/2013
|
|
250,000
|
|
|
|
275,253
|
|
Vallejo City Unified School District, School District, GO UT, MBIA, 5.000%, 2/1/2013 A/Baa1
|
|
100,000
|
|
|
|
103,492
|
|
Vallejo City Unified School District, School District, GO UT, MBIA, 5.400%, 2/1/2015 A/Baa1
|
|
275,000
|
|
|
|
285,989
|
|
Vallejo City Unified School District, School District, GO UT, MBIA, 5.900%, 2/1/2017 A/Baa1
|
|
60,000
|
|
|
|
65,324
|
|
Vallejo City Unified School District, School District, GO UT, MBIA, 5.900%, 2/1/2018 A/Baa1
|
|
50,000
|
|
|
|
53,819
|
|
Vallejo City Unified School District, School District, GO UT, MBIA, 5.900%, 8/1/2018 A/Baa1
|
|
350,000
|
|
|
|
378,172
|
|
Vallejo City Unified School District, School District, GO UT, MBIA, 5.900%, 8/1/2025 A/Baa1
|
|
725,000
|
|
|
|
754,210
|
|
Walnut Creek Elementary School District Contra Costa County, School District, GO UT, 0.000%, 9/1/2022 AA/NR
|
|
1,160,000
|
|
|
|
632,130
|
|
Walnut Creek Elementary School District Contra Costa County, School District, GO UT, 0.000%, 9/1/2023 AA/NR
|
|
1,560,000
|
|
|
|
795,506
|
|
Yosemite Community College District, General Obligation, GO UT, 0.000%, 8/1/2031 AA-/Aa2 (5)
|
|
1,400,000
|
|
|
|
389,354
|
|
Yosemite Community College District, General Obligation, GO UT, 0.000%, 8/1/2036 AA-/Aa2 (5)
|
|
1,000,000
|
|
|
|
190,440
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20,526,306
|
|
|
|
|
|
Colorado - 4.3%
|
|
|
|
|
|
|
|
Arapahoe County Water & Wastewater Public Improvement District, General Obligation, GO UT, NATL-RE, 5.750%, 12/1/2016
A/Baa1; Call Date 12/1/2012
|
|
155,000
|
|
|
|
169,272
|
|
City & County of Denver, Airport, Revenue Bonds, XLCA, 5.000%, 11/15/2023 A+/A1; Call Date 11/15/2015
|
|
200,000
|
|
|
|
209,602
|
|
City of Colorado Springs, Utilities, Revenue Bonds, 4.625%, 11/15/2033 AA/Aa2; Call Date 11/15/2019
|
|
150,000
|
|
|
|
154,337
|
|
Colorado Educational & Cultural Facilities Authority, Education, Revenue Bonds, 6.000%, 4/1/2021 NR/Baa2; Call Date
4/1/2011
|
|
225,000
|
|
|
|
225,968
|
|
Colorado Educational & Cultural Facilities Authority, Education, Revenue Bonds, 6.250%, 3/1/2040 A/NR; Call Date
3/1/2020
|
|
2,000,000
|
|
|
|
2,176,300
|
|
Colorado Educational & Cultural Facilities Authority, Education, Revenue Bonds, 7.400%, 12/1/2038 A/NR; Call Date
12/1/2018
|
|
500,000
|
|
|
|
585,250
|
|
Colorado Educational & Cultural Facilities Authority, Education, Revenue Bonds, XLCA, 5.250%, 6/1/2024 A/Baa3; Call Date
6/1/2014
|
|
750,000
|
|
|
|
761,047
|
|
Colorado Health Facilities Authority, Medical, Revenue Bonds, 5.125%, 11/15/2020 AA-/Aa3; Call Date 11/15/2016
(4)
|
|
370,000
|
|
|
|
390,439
|
|
Colorado Health Facilities Authority, Medical, Revenue Bonds, 5.125%, 11/15/2022 AA-/Aa3; Call Date 11/15/2016
(4)
|
|
225,000
|
|
|
|
234,711
|
|
Colorado Higher Education, General, Certificate of Participation, 5.500%, 11/1/2027 AA-/Aa2; Call Date 11/1/2018
|
|
55,000
|
|
|
|
67,305
|
|
Colorado Higher Education, General, Certificate of Participation, 5.500%, 11/1/2027 AA-/Aa2; Call Date 11/1/2018
|
|
145,000
|
|
|
|
158,881
|
|
County of Boulder, Medical, Revenue Bonds, RADIAN, 5.300%, 12/1/2010 BBB-/Baa2
|
|
125,000
|
|
|
|
126,056
|
|
County of Pueblo, Pollution, Revenue Bonds, AMBAC, 5.100%, 1/1/2019 A/Baa1; Call Date 6/1/2010
|
|
750,000
|
|
|
|
754,425
|
|
Denver Health & Hospital Authority, Medical, Revenue Bonds, 5.500%, 12/1/2019 BBB/NR (5)
|
|
1,195,000
|
|
|
|
1,260,988
|
|
Denver Health & Hospital Authority, Medical, Revenue Bonds, 5.500%, 12/1/2030 BBB/NR; Call Date 12/1/2020
(5)
|
|
500,000
|
|
|
|
492,750
|
|
Denver Urban Renewal Authority, General, Tax Allocation, 5.000%, 12/1/2025 NR/Aa3; Call Date 12/1/2015
|
|
1,500,000
|
|
|
|
1,558,335
|
|
Dove Valley Metropolitan District, Development, GO UT, AGM, 5.000%, 11/1/2025 AAA/Aa3; Call Date 11/1/2015
|
|
2,000,000
|
|
|
|
2,101,340
|
|
Fronterra Village Metropolitan District, Development, GO, CIFG, 4.250%, 12/1/2017 NR/WR; Call Date 12/1/2016
|
|
125,000
|
|
|
|
110,723
|
|
Mckay Landing Metropolitan District No. 2, Development, GO UT, AMBAC, 5.000%, 12/1/2026 NR/NR; Call Date
12/1/2016
|
|
390,000
|
|
|
|
354,178
|
|
Public Authority for Colorado Energy, General, Revenue Bonds, 5.750%, 11/15/2018 A/A2
|
|
590,000
|
|
|
|
626,438
|
|
|
|
|
|
|
|
|
|
SCA Tax Exempt Trust, Multi-Family Housing, Revenue Bonds, FSA, 0.540%, 1/1/2030 AAA/A-1/NR (4)
|
|
1,785,000
|
|
|
|
1,785,000
|
|
Southlands Metropolitan District No. 1, Development, GO, RADIAN, 4.750%, 12/1/2027 NR/WR; Call Date
12/1/2017
|
|
100,000
|
|
|
|
81,598
|
|
Tower Metropolitan District, Development, GO UT, RADIAN, 4.000%, 12/1/2020 NR/WR; Call Date 12/1/2015
|
|
100,000
|
|
|
|
86,854
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,471,797
|
|
|
|
|
|
Connecticut - 0.3%
|
|
|
|
|
|
|
|
Connecticut Housing Finance Authority, Housing, Revenue Bonds, 5.550%, 11/15/2027 AAA/Aaa; Call Date 5/15/2018
(9)
|
|
195,000
|
|
|
|
201,057
|
|
State of Connecticut, General, Revenue Bonds, 4.250%, 2/1/2015 AA/Aa3
|
|
750,000
|
|
|
|
830,722
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,031,779
|
|
|
|
|
|
Delaware - 0.1%
|
|
|
|
|
|
|
|
Delaware State Housing Authority, Single Family Housing, Revenue Bonds, 5.000%, 1/1/2026 NR/Aa1; Call Date 7/1/2019
(9)
|
|
370,000
|
|
|
|
381,144
|
|
|
|
|
|
District of Columbia - 0.1%
|
|
|
|
|
|
|
|
District of Columbia, General Obligation, GO UT, AGM, 5.000%, 6/1/2022 AAA/Aa2; Call Date 12/1/2017
|
|
250,000
|
|
|
|
274,360
|
|
|
|
|
|
Florida - 10.6%
|
|
|
|
|
|
|
|
Alachua County Health Facilities Authority, Medical, Revenue Bonds, 6.500%, 12/1/2019 A/A2; Call Date 12/1/2018
|
|
75,000
|
|
|
|
83,975
|
|
Citizens Property Insurance Corp., General, Revenue Bonds, 5.000%, 6/1/2016 A+/A2
|
|
700,000
|
|
|
|
736,218
|
|
Citizens Property Insurance Corp., General, Revenue Bonds, AGM, 5.000%, 6/1/2017 AAA/Aa3
|
|
1,000,000
|
|
|
|
1,049,900
|
|
Citizens Property Insurance Corp., General, Revenue Bonds, Assured Guaranty Corp., 5.000%, 6/1/2016 AAA/Aa3
|
|
400,000
|
|
|
|
426,176
|
|
Citizens Property Insurance Corp., General, Revenue Bonds, GO, 5.000%, 6/1/2011 A+/A2
|
|
600,000
|
|
|
|
623,814
|
|
Citizens Property Insurance Corp., Power, Revenue Bonds, 2.040%, 6/1/2013 A+/A2 (4)
|
|
3,000,000
|
|
|
|
2,985,690
|
|
City of Cape Coral, Water, Revenue Bonds, AMBAC, 3.700%, 10/1/2013 BBB+/A1
|
|
200,000
|
|
|
|
203,000
|
|
City of Gainesville, General, Revenue Bonds, AMBAC, 5.500%, 8/1/2017 NR/A2
|
|
1,000,000
|
|
|
|
1,100,390
|
|
City of Gulf Breeze, General, Revenue Bonds, 5.000%, 12/1/2023 A+/Aa3; Call Date 12/1/2020
|
|
2,000,000
|
|
|
|
2,127,680
|
|
City of Gulf Breeze, General, Revenue Bonds, FGIC, 6.050%, 12/1/2013 NR/NR/WR; Call Date 6/1/2010 (4)
|
|
1,475,000
|
|
|
|
1,479,926
|
|
City of Tampa, General, Revenue Bonds, AMBAC, 0.000%, 4/1/2017 NR/Aa3
|
|
240,000
|
|
|
|
179,856
|
|
County of Brevard, General Obligation, GO, AMBAC, 5.000%, 7/1/2015 NR/WR
|
|
375,000
|
|
|
|
398,618
|
|
County of Miami-Dade, Airport, Revenue Bonds, Assured Guaranty Corp., 5.000%, 10/1/2029 AAA/Aa3; Call Date
10/1/2019
|
|
400,000
|
|
|
|
421,304
|
|
County of Miami-Dade, Airport, Revenue Bonds, Assured Guaranty Corp., 5.500%, 10/1/2024 AAA/Aa3; Call Date 10/1/2018
(9)
|
|
1,500,000
|
|
|
|
1,561,875
|
|
County of Miami-Dade, Transportation, Revenue Bonds, 5.500%, 10/1/2026 A-/A2; Call Date 10/1/2020
|
|
2,500,000
|
|
|
|
2,653,575
|
|
County of Miami-Dade, Utilities, Revenue Bonds, 5.000%, 10/1/2028 A+/Aa2; Call Date 10/1/2020
|
|
2,000,000
|
|
|
|
2,100,320
|
|
County of Miami-Dade, Water, Revenue Bonds, BHAC, 6.000%, 10/1/2023 AA+/Aa1; Call Date 10/1/2018
|
|
1,000,000
|
|
|
|
1,192,740
|
|
County of Polk, General, Revenue Bonds, NATL-RE, 5.000%, 12/1/2016 A+/Baa1
|
|
625,000
|
|
|
|
673,769
|
|
Emerald Coast Utilities Authority, Water, Revenue Bonds, NATL-RE FGIC, 5.250%, 1/1/2026 A/WR; Call Date 1/1/2016
|
|
1,000,000
|
|
|
|
1,039,100
|
|
Florida Housing Finance Corp., Housing, Revenue Bonds, GNMA/FHLMC/FNMA, 5.000%, 7/1/2028 NR/Aaa; Call Date 1/1/2020
(5)
|
|
1,000,000
|
|
|
|
1,067,360
|
|
Florida Housing Finance Corp., Housing, Revenue Bonds, GNMA/FNMA/FHLMC, 5.250%, 7/1/2028 AA+/Aa1; Call Date
1/1/2018
|
|
890,000
|
|
|
|
922,538
|
|
Florida Housing Finance Corp., Single Family Housing, Revenue Bonds, 5.000%, 7/1/2034 AA+/Aa1; Call Date 7/1/2012
(9)
|
|
270,000
|
|
|
|
272,897
|
|
Florida Hurricane Catastrophe Fund Finance Corp., General, Revenue Bonds, 5.000%, 7/1/2013 AA-/Aa3
|
|
500,000
|
|
|
|
532,665
|
|
Florida Hurricane Catastrophe Fund Finance Corp., General, Revenue Bonds, 5.000%, 7/1/2014 AA-/Aa3
|
|
600,000
|
|
|
|
642,150
|
|
Florida Municipal Power Agency, Power, Revenue Bonds, 5.500%, 10/1/2019 NR/A1
|
|
250,000
|
|
|
|
287,340
|
|
Florida State Board of Education, Education, Revenue Bonds, MBIA, 5.000%, 7/1/2019 AAA/A1; Call Date 7/1/2012
|
|
2,000,000
|
|
|
|
2,116,640
|
|
Florida State Department of Transportation, Transportation, Revenue Bonds, FSA, 4.750%, 7/1/2022 AAA/Aa3; Call Date
7/1/2014
|
|
1,500,000
|
|
|
|
1,573,140
|
|
Fort Pierce, General, Revenue Bonds, Assured Guaranty Corp., 5.875%, 9/1/2028 AAA/Aa3; Call Date 9/1/2018
|
|
500,000
|
|
|
|
546,880
|
|
Greater Orlando Aviation Authority, Airport, Revenue Bonds, FSA, 5.000%, 10/1/2019 AAA/Aa3; Call Date 10/1/2017
(9)
|
|
200,000
|
|
|
|
209,990
|
|
|
|
|
|
|
|
|
|
Highlands County Health Facilities Authority, Medical, Revenue Bonds, 6.100%, 11/15/2013 AA-/Aa3 (4)
|
|
750,000
|
|
|
|
850,852
|
|
Hillsborough County Aviation Authority, Airport, Revenue Bonds, NATL-RE, 5.000%, 10/1/2015 A+/Aa3
|
|
200,000
|
|
|
|
222,152
|
|
Hillsborough County Industrial Development Authority, Pollution, Revenue Bonds, 5.650%, 5/15/2018 BBB/Baa1 (4)
|
|
500,000
|
|
|
|
559,635
|
|
Hillsborough County Industrial Development Authority, Pollution, Revenue Bonds, AMBAC, 5.000%, 3/15/2012 BBB/Baa1
(4)
|
|
875,000
|
|
|
|
921,681
|
|
Miami Health Facilities Authority, Medical, Revenue Bonds, 4.500%, 11/15/2014 A/A1; Call Date 11/15/2013
|
|
570,000
|
|
|
|
609,986
|
|
Orange County Health Facilities Authority, Medical, Revenue Bonds, 5.250%, 10/1/2035 A/A2; Call Date 10/1/2018
|
|
300,000
|
|
|
|
295,023
|
|
Polk County Housing Finance Authority, Multi-Family Housing, Revenue Bonds, GNMA, 5.000%, 9/1/2029 NR/Aaa; Call Date 8/1/2020
|
|
150,000
|
|
|
|
154,205
|
|
Port St. Lucie Community Redevelopment Agency, General, Tax Allocation, NATL-RE, 4.000%, 1/1/2015 A+/Baa1; Call Date 1/1/2014
|
|
200,000
|
|
|
|
210,344
|
|
Port St. Lucie, General, Certificate of Participation, Assured Guaranty Corp., 6.250%, 9/1/2027 AAA/Aa3; Call Date
9/1/2018
|
|
500,000
|
|
|
|
569,270
|
|
Putnam County Development Authority, Power, Revenue Bonds, AMBAC, 5.350%, 5/1/2018 A-/Baa1 (4)
|
|
445,000
|
|
|
|
466,004
|
|
St. Johns County School Board, General, Certificate of Participation, NATL-RE, 5.000%, 7/1/2018 A/A1; Call Date
7/1/2016
|
|
150,000
|
|
|
|
159,264
|
|
Sunrise Excise Tax & Special Assessment, General, Revenue Bonds, NATL-RE, 0.000%, 10/1/2019 A/Baa1
|
|
480,000
|
|
|
|
303,096
|
|
Sunrise Excise Tax & Special Assessment, Utilities, Revenue Bonds, AMBAC, 5.500%, 10/1/2018 NR/WR
|
|
575,000
|
|
|
|
635,548
|
|
Village Community Development District No. 5, Development, Special Assessment, 6.500%, 5/1/2033 A+/NR; Call Date 5/1/2013
|
|
105,000
|
|
|
|
107,569
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
35,274,155
|
|
|
|
|
|
Georgia - 3.3%
|
|
|
|
|
|
|
|
City of Atlanta, Water, Revenue Bonds, NATL-RE FGIC, 5.500%, 11/1/2022 A/A1
|
|
1,000,000
|
|
|
|
1,118,130
|
|
DeKalb County Hospital Authority, Medical, Revenue Bonds, 6.000%, 9/1/2030 NR/NR; Call Date 9/1/2020
|
|
500,000
|
|
|
|
503,750
|
|
East Point Building Authority, Water, Revenue Bonds, XLCA, 4.500%, 2/1/2025 NR/WR; Call Date 2/1/2016
|
|
500,000
|
|
|
|
415,485
|
|
East Point Building Authority, Water, Revenue Bonds, XLCA, 5.000%, 2/1/2017 NR/WR
|
|
575,000
|
|
|
|
557,233
|
|
Gainesville & Hall County Hospital Authority, Medical, Revenue Bonds, 4.000%, 2/15/2020 A-/NR
|
|
855,000
|
|
|
|
806,846
|
|
Gainesville & Hall County Hospital Authority, Medical, Revenue Bonds, CNTY GTD, 4.750%, 2/15/2030 A+/NR; Call Date
2/15/2020
|
|
2,000,000
|
|
|
|
1,971,680
|
|
Main Street Natural Gas, Inc., General, Revenue Bonds, 5.250%, 9/15/2018 A/A2
|
|
250,000
|
|
|
|
253,500
|
|
Medical Center Hospital Authority, Medical, Revenue Bonds, AGC, 6.500%, 8/1/2038 AAA/NR; Call Date 8/1/2018
|
|
250,000
|
|
|
|
279,293
|
|
Municipal Electric Authority of Georgia, Power, Revenue Bonds, 4.375%, 11/1/2029 A/A1; Call Date 11/1/2020
|
|
600,000
|
|
|
|
594,168
|
|
Municipal Electric Authority of Georgia, Power, Revenue Bonds, 5.750%, 1/1/2019 A/A2; Call Date 7/1/2018
|
|
1,215,000
|
|
|
|
1,420,772
|
|
Richmond County Hospital Authority, General, Revenue Bonds, 5.250%, 1/1/2029 A+/A1; Call Date 1/1/2019
|
|
1,250,000
|
|
|
|
1,266,400
|
|
Richmond County Hospital Authority, General, Revenue Bonds, 5.375%, 1/1/2029 A+/A1; Call Date 1/1/2019
|
|
1,000,000
|
|
|
|
1,018,170
|
|
South Georgia Governmental Services Authority, Development, Revenue Bonds, MBIA, 5.000%, 1/1/2020 A/WR; Call Date
1/1/2014
|
|
300,000
|
|
|
|
318,003
|
|
Spalding County, Water, Revenue Bonds, 6.125%, 9/1/2028 NR/Aa3; Call Date 9/1/2018
|
|
500,000
|
|
|
|
570,940
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,094,370
|
|
|
|
|
|
Hawaii - 0.5%
|
|
|
|
|
|
|
|
City & County of Honolulu, Water, Revenue Bonds, NATL-RE FGIC, 5.000%, 7/1/2024 AA-/Aa2; Call Date
7/1/2015
|
|
1,000,000
|
|
|
|
1,073,050
|
|
Hawaii State Department of Budget & Finance, Power, Revenue Bonds, NATL-RE, 4.950%, 4/1/2012 A/Baa1
|
|
450,000
|
|
|
|
471,870
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,544,920
|
|
|
|
|
|
Idaho - 1.4%
|
|
|
|
|
|
|
|
Boise-Kuna Irrigation District, Power, Revenue Bonds, 5.875%, 6/1/2022 NR/A3; Call Date 6/1/2018
|
|
200,000
|
|
|
|
218,014
|
|
Boise-Kuna Irrigation District, Power, Revenue Bonds, 7.375%, 6/1/2034 NR/A3; Call Date 6/1/2018
|
|
340,000
|
|
|
|
385,492
|
|
|
|
|
|
|
|
|
Idaho Housing & Finance Association, Single Family Housing, Revenue Bonds, 5.150%, 7/1/2022 NR/Aa3; Call Date 1/1/2013 (9)
|
|
535,000
|
|
|
542,313
|
|
Idaho Housing & Finance Association, Single Family Housing, Revenue Bonds, 5.150%, 7/1/2023 NR/Aa3; Call Date 7/1/2012
(9)
|
|
205,000
|
|
|
204,992
|
|
Idaho Housing & Finance Association, Single Family Housing, Revenue Bonds, 5.500%, 1/1/2021 NR/Aa3; Call Date 7/1/2011
(9)
|
|
165,000
|
|
|
166,416
|
|
Idaho Housing & Finance Association, Single Family Housing, Revenue Bonds, 5.500%, 7/1/2021 NR/Aa3; Call Date 1/1/2012
(9)
|
|
95,000
|
|
|
95,773
|
|
Idaho Housing & Finance Association, Single Family Housing, Revenue Bonds, 5.550%, 7/1/2021 NR/Aa3; Call Date 1/1/2012
(9)
|
|
305,000
|
|
|
306,312
|
|
Idaho Housing & Finance Association, Single Family Housing, Revenue Bonds, 5.600%, 7/1/2021 NR/Aa3; Call Date 1/1/2012
(9)
|
|
285,000
|
|
|
288,976
|
|
University of Idaho, Higher Education, Revenue Bonds, 5.250%, 4/1/2021 A+/Aa3 (4) (5)
|
|
2,500,000
|
|
|
2,557,275
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,765,563
|
|
|
|
|
|
Illinois - 11.6%
|
|
|
|
|
|
|
Bryant, Development, Revenue Bonds, 5.900%, 8/1/2023 BBB+/Baa1; Call Date 6/1/2010
|
|
680,000
|
|
|
681,870
|
|
Chicago Public Building Commission Building, Facilities, Revenue Bonds, AMBAC, 5.000%, 3/1/2017 A/A1
|
|
115,000
|
|
|
126,656
|
|
City of Chicago, Airport, Revenue Bonds, NATL-RE, 5.250%, 1/1/2024 A/A1; Call Date 1/1/2016
|
|
2,025,000
|
|
|
2,122,504
|
|
City of Chicago, General Obligation, GO UT, NATL-RE, 0.000%, 1/1/2020 AA-/Aa2; Call Date 1/1/2016
|
|
1,000,000
|
|
|
1,064,600
|
|
City of Quincy, Medical, Revenue Bonds, 5.000%, 11/15/2012 A-/A3
|
|
185,000
|
|
|
192,296
|
|
City of Springfield, Power, Revenue Bonds, NATL-RE, 5.000%, 3/1/2022 AA-/Aa3; Call Date 3/1/2017
|
|
3,500,000
|
|
|
3,751,930
|
|
Cook County Community High School District No. 219-Niles Township, School District, GO UT, FSA, 5.000%, 12/1/2025 AAA/Aa2;
Call Date 12/1/2017
|
|
2,605,000
|
|
|
2,798,421
|
|
Cook County Community High School District No. 219-Niles Township, School District, GO UT, NATL-RE, 0.000%, 12/1/2020
NR/Baa1
|
|
35,000
|
|
|
21,716
|
|
Cook County School District No. 123-Oak Lawn, School District, GO UT, NATL-RE, 0.000%, 12/1/2019 A/A1
|
|
1,440,000
|
|
|
930,715
|
|
Cook County School District No. 130 Blue Island, School District, GO, XLCA, 4.250%, 6/1/2013 NR/WR
|
|
500,000
|
|
|
521,565
|
|
Cook County School District No. 144 Prairie Hills, School District, GO UT, 5.500%, 12/1/2013 NR/NR; Call Date
9/1/2010
|
|
2,435,000
|
|
|
2,441,355
|
|
Cook County School District No. 144 Prairie Hills, School District, GO UT, 5.625%, 12/1/2014 NR/NR; Call Date
9/1/2010
|
|
1,200,000
|
|
|
1,203,432
|
|
Cook County School District No. 159 Matteson-Richton Park, School District, GO UT, FSA, 0.000%, 12/1/2016
NR/Aa3
|
|
300,000
|
|
|
234,039
|
|
County of St. Clair, General Obligation, GO UT, 5.250%, 10/1/2027 AA/Aa2; Call Date 10/1/2019
|
|
900,000
|
|
|
980,235
|
|
Des Plaines Valley Public Library District, Facilities, GO UT, 5.500%, 1/1/2030 AA-/NR; Call Date 1/1/2020
|
|
2,000,000
|
|
|
2,193,300
|
|
Du Page County School District No. 12 Roselle, School District, GO UT, NATL-RE, 5.000%, 1/1/2016 NR/Baa1
|
|
440,000
|
|
|
477,347
|
|
Illinois Finance Authority, General, Revenue Bonds, 5.250%, 3/1/2019 A+/A1
|
|
250,000
|
|
|
278,908
|
|
Illinois Finance Authority, Medical, Revenue Bonds, 5.750%, 11/15/2033 A/A3; Call Date 11/15/2017
|
|
960,000
|
|
|
969,226
|
|
Illinois Finance Authority, Medical, Revenue Bonds, AMBAC, 5.500%, 2/1/2040 A+/A2; Call Date 2/1/2018
|
|
75,000
|
|
|
75,553
|
|
Illinois Finance Authority, Medical, Revenue Bonds, AMBAC, 6.250%, 2/1/2033 A+/A2; Call Date 2/1/2018
|
|
75,000
|
|
|
79,918
|
|
Illinois Finance Authority, Medical, Revenue Bonds, Assured Guaranty Corp., 5.250%, 8/15/2019 AAA/NR
|
|
250,000
|
|
|
269,648
|
|
Illinois Finance Authority, Utilities, Revenue Bonds, BHAC, 4.875%, 11/1/2018 AAA/Aaa; Call Date 11/1/2013
(4) (9)
|
|
1,255,000
|
|
|
1,305,438
|
|
Illinois Municipal Electric Agency, Power, Revenue Bonds, MBIA, 5.250%, 2/1/2019 A+/A1; Call Date 2/1/2017
|
|
1,000,000
|
|
|
1,083,350
|
|
Illinois Municipal Electric Agency, Power, Revenue Bonds, NATL-RE FGIC, 5.250%, 2/1/2024 A+/A1; Call Date
2/1/2017
|
|
1,000,000
|
|
|
1,053,870
|
|
Kendall, Kane & Will Counties High School District No. 18, School District, GO UT, FSA, 5.250%, 10/1/2016 NR/Aa2;
Call Date 10/1/2014
|
|
925,000
|
|
|
1,032,716
|
|
Lake County Community Consolidated School District No. 46-Grayslake, School District, GO UT, NATL-RE FGIC, 0.000%, 12/1/2018
AA+/WR
|
|
275,000
|
|
|
195,621
|
|
Lake County Community High School District No. 117 Antioch, School District, GO UT, NATL-RE FGIC, 0.000%, 12/1/2019 NR/WR
|
|
100,000
|
|
|
64,514
|
|
Lake County Community Unit School District No. 116 Round Lake, School District, GO UT, XLCA, 4.500%, 1/15/2018 NR/A1; Call
Date 1/15/2015
|
|
500,000
|
|
|
507,685
|
|
|
|
|
|
|
|
|
|
Lake County School District No. 33, School District, GO UT, XLCA, 0.000%, 12/1/2026 NR/WR
|
|
525,000
|
|
|
|
216,956
|
|
Lake County School District No. 33, School District, GO UT, XLCA, 0.000%, 12/1/2028 NR/WR
|
|
335,000
|
|
|
|
120,191
|
|
Lake County School District No. 38-Big Hallow, School District, GO UT, AMBAC, 0.000%, 2/1/2013 NR/WR
|
|
200,000
|
|
|
|
183,990
|
|
Lake County School District No. 38-Big Hallow, School District, GO UT, AMBAC, 0.000%, 2/1/2021 NR/WR
|
|
200,000
|
|
|
|
113,914
|
|
Lake County School District No. 38-Big Hallow, School District, GO UT, AMBAC, 0.000%, 2/1/2023 NR/WR
|
|
100,000
|
|
|
|
49,878
|
|
McHenry & Kane Counties Community Consolidated School District 158, School District, GO UT, NATL-RE, 0.000%, 1/1/2015
NR/Baa1
|
|
100,000
|
|
|
|
81,496
|
|
McHenry & Kane Counties Community Consolidated School District 158, School District, GO UT, NATL-RE, 0.000%, 1/1/2017
NR/Baa1
|
|
130,000
|
|
|
|
93,703
|
|
Northern Illinois Municipal Power Agency, Power, Revenue Bonds, NATL-RE, 5.000%, 1/1/2020 NR/A2; Call Date
1/1/2018
|
|
1,500,000
|
|
|
|
1,617,510
|
|
Sangamon Logan & Menard Counties Community Unit School District No. 15, School District, GO UT, FSA, 0.000%,
1/1/2016 NR/Aa3
|
|
650,000
|
|
|
|
508,228
|
|
Southern Illinois University, Higher Education, Revenue Bonds, NATL-RE, 0.000%, 4/1/2022 A/A2
|
|
100,000
|
|
|
|
55,311
|
|
Stephenson County School District No. 145-Freeport, School District, GO, AMBAC, 0.000%, 1/1/2018 NR/A1
|
|
515,000
|
|
|
|
358,177
|
|
Stephenson-Jo Daviess Counties Community Unit School District No. 200, School District, GO UT, NATL-RE, 0.000%, 2/1/2016
NR/Baa1
|
|
535,000
|
|
|
|
399,190
|
|
University of Illinois, Higher Education, Revenue Bonds, AMBAC, 5.250%, 4/1/2013 AA-/Aa2
|
|
1,060,000
|
|
|
|
1,154,838
|
|
Village of Bolingbrook, General Obligation, GO UT, AGM, 5.000%, 1/1/2025 NR/Aa3; Call Date 1/1/2020
|
|
1,425,000
|
|
|
|
1,488,925
|
|
Village of Elwood, General Obligation, GO UT, RADIAN, 0.000%, 3/1/2026 A/WR; Call Date 3/1/2016
|
|
1,000,000
|
|
|
|
365,840
|
|
Village of Franklin Park, General Obligation, GO UT, AMBAC, 5.000%, 7/1/2016 NR/WR; Call Date 1/1/2014
|
|
1,065,000
|
|
|
|
1,069,452
|
|
Village of Hoffman Estates, General Obligation, GO UT, 5.250%, 12/1/2025 AA+/Aa1; Call Date 12/1/2018
|
|
175,000
|
|
|
|
194,887
|
|
Village of Justice, General Obligation, GO UT, AMBAC, 0.000%, 1/1/2014 NR/WR
|
|
545,000
|
|
|
|
476,161
|
|
Village of Justice, General Obligation, GO UT, AMBAC, 0.000%, 1/1/2015 NR/WR
|
|
345,000
|
|
|
|
284,839
|
|
Village of Maywood, General Obligation, GO UT, XLCA, 5.000%, 1/1/2021 NR/A1; Call Date 1/1/2015
|
|
385,000
|
|
|
|
395,434
|
|
Village of Melrose Park, General Obligation, GO UT, NATL-RE FGIC, 0.000%, 12/15/2019 NR/WR
|
|
40,000
|
|
|
|
25,308
|
|
Village of South Chicago Heights, General Obligation, GO UT, NATL-RE FGIC, 0.000%, 11/1/2016 A/WR
|
|
505,000
|
|
|
|
398,718
|
|
Will County Community School District No. 161 Summit Hill, School District, GO UT, NATL-RE FGIC, 0.000%, 1/1/2017
NR/WR
|
|
750,000
|
|
|
|
550,395
|
|
Will County Community Unit School District No. 201 Crete-Monee, School District, GO UT, NATL-RE FGIC, 0.000%, 11/1/2021
A+/WR
|
|
200,000
|
|
|
|
114,218
|
|
Will County Community Unit School District No. 201 Crete-Monee, School District, GO UT, NATL-RE FGIC, 0.000%, 11/1/2022
A+/WR
|
|
250,000
|
|
|
|
134,135
|
|
Will County School District No. 114, School District, GO UT, NATL-RE FGIC, 0.000%, 12/1/2015 NR/WR
|
|
50,000
|
|
|
|
40,549
|
|
Will County School District No. 114, School District, GO UT, NATL-RE FGIC, 0.000%, 12/1/2017 NR/WR
|
|
870,000
|
|
|
|
624,643
|
|
Will County School District No. 114, School District, GO UT, NATL-RE FGIC, 0.000%, 12/1/2020 NR/WR
|
|
700,000
|
|
|
|
424,207
|
|
Will, Grundy, Livingston, Cook, Kendall, LaSalle & Kankakee Counties Community College District No. 525, General
Obligation, GO UT, 5.750%, 6/1/2023 AA/NR; Call Date 6/1/2018
|
|
315,000
|
|
|
|
360,981
|
|
Will, Grundy, Livingston, Cook, Kendall, LaSalle & Kankakee Counties Community College District No. 525, General
Obligation, GO UT, 5.750%, 6/1/2028 AA/NR; Call Date 6/1/2018
|
|
250,000
|
|
|
|
279,503
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
38,840,005
|
|
|
|
|
|
Indiana - 3.3%
|
|
|
|
|
|
|
|
Anderson School Building Corp., School District, Revenue Bonds, AMBAC, 5.000%, 7/15/2026 AA+/NR; Call Date
1/15/2016
|
|
680,000
|
|
|
|
710,049
|
|
Brownsburg Redevelopment Authority, General, Tax Allocation, 2.000%, 8/1/2012 AA-/NR
|
|
95,000
|
|
|
|
96,168
|
|
Carmel Redevelopment Authority, General, Revenue Bonds, 5.000%, 7/1/2023 AA-/Aa2; Call Date 7/1/2020
|
|
350,000
|
|
|
|
383,652
|
|
Carmel Redevelopment Authority, General, Revenue Bonds, NATL-RE, 5.000%, 7/1/2021 AA-/Aa2; Call Date 7/1/2016
|
|
200,000
|
|
|
|
213,806
|
|
Dyer Redevelopment Authority Economic Development Lease Rent, General Obligation, Revenue Bonds, CIFG, 5.250%, 7/15/2021 A+/WR;
Call Date 7/15/2015
|
|
400,000
|
|
|
|
425,384
|
|
|
|
|
|
|
|
|
|
Hendricks County Redevelopment District, Development, Tax Allocation, 6.000%, 1/1/2022 NR/Baa2; Call Date
1/1/2016
|
|
780,000
|
|
|
|
786,560
|
|
Indiana Bond Bank, Bond Bank, Revenue Bonds, MORAL OBLG, 5.000%, 2/1/2029 AA/NR; Call Date 2/1/2019
|
|
570,000
|
|
|
|
602,792
|
|
Indiana Development Finance Authority, Pollution, Revenue Bonds, 4.700%, 10/1/2015 BBB/NR; Call Date 10/1/2015
(4) (9)
|
|
550,000
|
|
|
|
563,766
|
|
Indiana Finance Authority, Education, Revenue Bonds, 6.000%, 10/1/2021 BBB-/NR; Call Date 10/1/2019
|
|
500,000
|
|
|
|
520,970
|
|
Indiana Finance Authority, Pollution, Revenue Bonds, AMBAC, 4.550%, 12/1/2024 BBB/A3; Call Date 12/1/2016
|
|
1,650,000
|
|
|
|
1,650,907
|
|
Indiana Finance Authority, Transportation, Revenue Bonds, AMBAC, 0.000%, 6/1/2018 AA+/Aa1
|
|
175,000
|
|
|
|
132,192
|
|
Indiana Municipal Power Agency, Power, Revenue Bonds, 5.250%, 1/1/2024 A+/A1; Call Date 1/1/2019
|
|
500,000
|
|
|
|
545,745
|
|
Indianapolis Airport Authority, Airport, Revenue Bonds, 4.000%, 1/1/2020 A/A1
|
|
255,000
|
|
|
|
255,599
|
|
Indianapolis Airport Authority, Airport, Revenue Bonds, 4.000%, 1/1/2021 A/A1; Call Date 1/1/2020
|
|
150,000
|
|
|
|
149,102
|
|
Merrillville Multi-School Building Corp., School District, Revenue Bonds, NATL-RE, 0.000%, 1/15/2015 A/Baa1
|
|
750,000
|
|
|
|
613,200
|
|
Merrillville Multi-School Building Corp., School District, Revenue Bonds, NATL-RE FGIC, 5.000%, 7/15/2024 A/WR; Call Date
7/15/2015
|
|
425,000
|
|
|
|
445,876
|
|
North Central Campus School Building Corp., School District, Revenue Bonds, AGM, 5.250%, 7/15/2022 AAA/Aa3; Call Date 7/15/2018
|
|
1,000,000
|
|
|
|
1,102,620
|
|
North Gibson Multi-School Building Corp., School District, Revenue Bonds, 5.000%, 7/15/2026 AA+/NR; Call Date
1/15/2020
|
|
1,000,000
|
|
|
|
1,088,300
|
|
Rush County Elementary School Building Corp., School District, Revenue Bonds, State Aid Withholding, 5.250%, 7/15/2021 AA+/NR;
Call Date 1/15/2019
|
|
565,000
|
|
|
|
629,088
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,915,776
|
|
|
|
|
|
Iowa - 0.5%
|
|
|
|
|
|
|
|
Iowa Finance Authority, Single Family Housing, Revenue Bonds, GNMA/FNMA/FHLMC, 5.000%, 1/1/2038 AAA/Aaa; Call Date
1/1/2019
|
|
1,500,000
|
|
|
|
1,600,575
|
|
|
|
|
|
Kansas - 2.0%
|
|
|
|
|
|
|
|
City of Overland Park, Transportation, Revenue Bonds, 5.200%, 4/1/2020 BBB/NR
|
|
1,000,000
|
|
|
|
1,003,740
|
|
City of Overland Park, Transportation, Revenue Bonds, 5.900%, 4/1/2032 BBB/NR; Call Date 4/1/2020
|
|
1,135,000
|
|
|
|
1,139,177
|
|
City of Salina, Medical, Revenue Bonds, 5.000%, 10/1/2018 NR/A1; Call Date 4/1/2016
|
|
350,000
|
|
|
|
371,752
|
|
Kansas Development Finance Authority, Medical, Revenue Bonds, 5.750%, 11/15/2034 AA-/Aa3; Call Date 11/15/2014
|
|
600,000
|
|
|
|
656,232
|
|
Miami County Unified School District No. 416, School District, GO UT, NATL-RE, 5.000%, 9/1/2019 A/Baa1; Call Date 9/1/2016
|
|
1,240,000
|
|
|
|
1,321,952
|
|
Sedgwick & Shawnee Counties, Single Family Housing, Revenue Bonds, FNMA/GNMA/FHLMC, 5.250%, 12/1/2038 NR/Aaa; Call Date
12/1/2016 (9)
|
|
525,000
|
|
|
|
533,668
|
|
Sedgwick & Shawnee Counties, Single Family Housing, Revenue Bonds, GNMA/FNMA, 5.450%, 6/1/2027 NR/Aaa; Call Date
6/1/2013 (9)
|
|
825,000
|
|
|
|
855,244
|
|
Sedgwick & Shawnee Counties, Single Family Housing, Revenue Bonds, GNMA/FNMA, 5.750%, 12/1/2037 NR/Aaa; Call Date
12/1/2015 (9)
|
|
250,000
|
|
|
|
252,975
|
|
Sedgwick & Shawnee Counties, Single Family Housing, Revenue Bonds, GNMA/FNMA COLL, 5.650%, 12/1/2036 NR/Aaa; Call Date
12/1/2014 (9)
|
|
605,000
|
|
|
|
619,351
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,754,091
|
|
|
|
|
|
Kentucky - 0.4%
|
|
|
|
|
|
|
|
Kentucky Housing Corp., Single Family Housing, Revenue Bonds, FHA, 5.750%, 7/1/2039 AAA/Aaa; Call Date 1/1/2019
|
|
975,000
|
|
|
|
1,035,372
|
|
Kentucky State Property & Buildings Commission, Facilities, Revenue Bonds, MBIA, 5.000%, 8/1/2018 A+/Aa2
|
|
205,000
|
|
|
|
233,362
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,268,734
|
|
|
|
|
|
Louisiana - 0.7%
|
|
|
|
|
|
|
|
City of New Orleans, General Obligation, GO UT, AMBAC, 0.000%, 9/1/2015 NR/A3
|
|
25,000
|
|
|
|
18,656
|
|
Louisiana Housing Finance Agency, Single Family Housing, Revenue Bonds, GNMA/FNMA/FHLMC, 6.550%, 6/1/2040 NR/Aaa; Call Date
6/1/2018
|
|
1,490,000
|
|
|
|
1,593,436
|
|
Louisiana Public Facilities Authority, Development, Revenue Bonds, 7.000%, 12/1/2011 BBB/Baa2; Call Date 12/1/2011
(4)
|
|
500,000
|
|
|
|
536,625
|
|
State of Louisiana, General Obligation, GO UT, CIFG, 5.000%, 7/15/2017 AA-/Aa2; Call Date 7/15/2016
|
|
250,000
|
|
|
|
281,612
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,430,329
|
|
|
|
|
|
|
|
|
|
Maryland - 0.1%
|
|
|
|
|
|
|
|
Maryland Community Development Administration, Single Family Housing, Revenue Bonds, 6.000%, 3/1/2041 NR/Aa2; Call Date 3/1/2016
(9)
|
|
150,000
|
|
|
|
156,500
|
|
|
|
|
|
Massachusetts - 2.6%
|
|
|
|
|
|
|
|
Massachusetts Educational Financing Authority, Education, Revenue Bonds, 4.750%, 1/1/2016 AA/NR
|
|
500,000
|
|
|
|
521,945
|
|
Massachusetts Educational Financing Authority, Education, Revenue Bonds, 5.000%, 1/1/2017 AA/NR (5)
|
|
650,000
|
|
|
|
681,499
|
|
Massachusetts Educational Financing Authority, Education, Revenue Bonds, 5.250%, 1/1/2019 AA/NR (5)
|
|
1,000,000
|
|
|
|
1,049,220
|
|
Massachusetts Educational Financing Authority, Student Loan, Revenue Bonds, 4.000%, 1/1/2016 AA/NR
|
|
700,000
|
|
|
|
720,804
|
|
Massachusetts Educational Financing Authority, Student Loan, Revenue Bonds, 5.100%, 1/1/2018 AA/NR (9)
|
|
310,000
|
|
|
|
318,813
|
|
Massachusetts Health & Educational Facilities Authority, Higher Education, Revenue Bonds, 5.000%, 10/1/2020 A+/A2; Call
Date 10/1/2017
|
|
500,000
|
|
|
|
541,030
|
|
Massachusetts Health & Educational Facilities Authority, Medical, Revenue Bonds, 5.000%, 7/1/2024 AA/Aa2; Call Date
7/1/2019
|
|
3,105,000
|
|
|
|
3,266,833
|
|
Massachusetts Municipal Wholesale Electric Co., Power, Revenue Bonds, MBIA, 0.385%, 7/1/2018 A/A3; Call Date 6/1/2010
(4)
|
|
1,875,000
|
|
|
|
1,635,937
|
|
Massachusetts Municipal Wholesale Electric Co., Power, Revenue Bonds, NATL-RE, 0.400%, 7/1/2017 A/A3; Call Date 6/1/2010
(4)
|
|
35,000
|
|
|
|
30,538
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,766,619
|
|
|
|
|
|
Michigan - 3.4%
|
|
|
|
|
|
|
|
Bay City School District, School District, GO UT, AGM Q-SBLF, 5.000%, 5/1/2025 AAA/Aa2; Call Date 5/1/2016
|
|
1,000,000
|
|
|
|
1,052,680
|
|
City of Detroit, General Obligation, GO UT, AGM, 5.000%, 4/1/2017 AAA/Aa3; Call Date 6/1/2010
|
|
50,000
|
|
|
|
50,101
|
|
City of Detroit, Water, Revenue Bonds, NATL-RE, 5.000%, 7/1/2016 A/Aa3 (4)
|
|
725,000
|
|
|
|
787,778
|
|
City of Detroit, Water, Revenue Bonds, NATL-RE, 5.250%, 7/1/2022 A/Aa3; Call Date 7/1/2017 (4)
|
|
1,100,000
|
|
|
|
1,151,524
|
|
City of Warren, General Obligation, GO, NATL-RE, 4.200%, 10/1/2018 AA/Baa1; Call Date 10/1/2015
|
|
250,000
|
|
|
|
258,552
|
|
Detroit City School District, School District, GO UT, AMBAC Q-SBLF, 6.500%, 5/1/2011 NR/Aa3
|
|
200,000
|
|
|
|
206,458
|
|
Ferndale Public Schools, School District, GO UT, NATL-RE FGIC Q-SBLF, 5.000%, 5/1/2019 AA-/Aa2; Call Date
5/1/2014
|
|
485,000
|
|
|
|
502,736
|
|
Michigan Public Educational Facilities Authority, Education, Revenue Bonds, 5.250%, 6/1/2015 BBB-/NR
|
|
250,000
|
|
|
|
252,403
|
|
Michigan Public Educational Facilities Authority, Education, Revenue Bonds, 6.000%, 6/1/2020 BBB-/NR
|
|
380,000
|
|
|
|
381,129
|
|
Michigan Public Power Agency, Power, Revenue Bonds, NATL-RE, 5.250%, 1/1/2017 AA/A1
|
|
375,000
|
|
|
|
421,684
|
|
Pontiac, School District, GO, CIFG, 5.000%, 5/1/2017 A+/NR; Call Date 5/1/2016
|
|
300,000
|
|
|
|
303,042
|
|
Southgate Community School District, School District, GO UT, NATL-RE FGIC Q-SBLF, 5.000%, 5/1/2019 AA-/Aa2; Call Date 5/1/2015
|
|
1,000,000
|
|
|
|
1,043,250
|
|
State of Michigan, Transportation, Revenue Bonds, FSA, 5.250%, 9/15/2021 AAA/Aa3; Call Date 9/15/2017
|
|
2,000,000
|
|
|
|
2,164,360
|
|
Warren Consolidated School District, School District, GO UT, FSA, 5.000%, 5/1/2015 AAA/Aa2
|
|
325,000
|
|
|
|
369,570
|
|
Wayland Union School District, School District, GO UT, AGM Q-SBLF, 5.250%, 5/1/2019 AAA/Aa2; Call Date 5/1/2018
|
|
400,000
|
|
|
|
444,784
|
|
Wayne State University, Higher Education, Revenue Bonds, AGM, 5.000%, 11/15/2025 AAA/Aa2; Call Date 11/15/2018
|
|
515,000
|
|
|
|
542,918
|
|
Wyandotte, Utilities, Revenue Bonds, NATL-RE, 4.500%, 10/1/2014 A/Baa1 (9)
|
|
600,000
|
|
|
|
624,612
|
|
Wyandotte, Utilities, Revenue Bonds, NATL-RE, 5.000%, 10/1/2013 A/Baa1 (9)
|
|
600,000
|
|
|
|
636,150
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,193,731
|
|
|
|
|
|
Minnesota - 1.2%
|
|
|
|
|
|
|
|
City of Brainerd, Medical, Revenue Bonds, BHAC, 6.000%, 2/15/2020 AA+/Aa1; Call Date 6/25/2010
|
|
1,435,000
|
|
|
|
1,439,750
|
|
City of Minneapolis, Medical, Revenue Bonds, Assured Guaranty Corp., 6.500%, 11/15/2038 AAA/Aa3; Call Date
11/15/2018
|
|
1,000,000
|
|
|
|
1,120,610
|
|
City of Rochester, Medical, Revenue Bonds, 5.000%, 11/15/2038 AA-/Aa2; Call Date 5/15/2020
|
|
1,250,000
|
|
|
|
1,293,575
|
|
Minneapolis & St. Paul Housing & Redevelopment Authority, Medical, Revenue Bonds, 5.250%, 8/15/2025 A+/NR; Call
Date 8/15/2020
|
|
275,000
|
|
|
|
292,165
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,146,100
|
|
|
|
|
|
|
|
|
|
Mississippi - 0.5%
|
|
|
|
|
|
|
|
Mississippi Home Corp., Single Family Housing, Revenue Bonds, GNMA/FNMA/FHLMC, 6.750%, 6/1/2039 NR/Aaa; Call Date
6/1/2018
|
|
725,000
|
|
|
|
782,608
|
|
Rankin County School District, School District, GO UT, FSA, 5.000%, 10/1/2014 AAA/Aa3
|
|
730,000
|
|
|
|
826,820
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,609,428
|
|
|
|
|
|
Missouri - 4.0%
|
|
|
|
|
|
|
|
Cass County, Medical, Revenue Bonds, 5.000%, 5/1/2015 NR/NR
|
|
450,000
|
|
|
|
465,809
|
|
City of Branson, General, Revenue Bonds, 4.250%, 1/1/2021 A/NR; Call Date 1/1/2016
|
|
1,180,000
|
|
|
|
1,165,120
|
|
City of Des Peres, General Obligation, GO UT, AMBAC, 5.250%, 2/1/2018 NR/WR; Call Date 2/1/2015
|
|
380,000
|
|
|
|
419,702
|
|
City of North Kansas City, Medical, Revenue Bonds, AMBAC, 4.750%, 11/15/2016 NR/WR; Call Date 6/1/2010
|
|
125,000
|
|
|
|
125,358
|
|
City of Sikeston, Utilities, Revenue Bonds, NATL-RE, 6.000%, 6/1/2015 A/Baa1
|
|
900,000
|
|
|
|
968,112
|
|
City of St. Louis, Airport, Revenue Bonds, NATL-RE, 4.000%, 7/1/2014 A/Baa1
|
|
75,000
|
|
|
|
75,899
|
|
Jackson County, General, Revenue Bonds, AMBAC, 5.000%, 12/1/2018 A+/Aa3; Call Date 12/1/2016
|
|
1,000,000
|
|
|
|
1,091,930
|
|
Missouri Development Finance Board, General, Revenue Bonds, 6.000%, 4/1/2027 A/NR; Call Date 4/1/2013
|
|
650,000
|
|
|
|
668,441
|
|
Missouri Development Finance Board, General, Revenue Bonds, 6.750%, 4/1/2029 A/NR; Call Date 10/1/2013
|
|
200,000
|
|
|
|
212,668
|
|
Missouri Highway & Transportation Commission, Transportation, Revenue Bonds, 5.250%, 5/1/2021 AAA/Aa1; Call Date
5/1/2017
|
|
500,000
|
|
|
|
572,755
|
|
Missouri Housing Development Commission, Single Family Housing, Revenue Bonds, 5.000%, 11/1/2027 AAA/NR; Call Date 11/1/2019 (5)
|
|
1,100,000
|
|
|
|
1,180,817
|
|
Missouri Housing Development Commission, Single Family Housing, Revenue Bonds, GNMA/FNMA, 6.660%, 3/1/2034 AAA/NR; Call Date
3/1/2012 (9)
|
|
3,535,000
|
|
|
|
3,680,783
|
|
Missouri Housing Development Commission, Single Family Housing, Revenue Bonds, GNMA/FNMA/COLL, 5.200%, 9/1/2031 AAA/NR; Call Date
3/1/2019
|
|
250,000
|
|
|
|
262,150
|
|
Missouri Housing Development Commission, Single Family Housing, Revenue Bonds, GNMA/FNMA/FHLMC, 5.700%, 9/1/2038 AAA/NR; Call
Date 9/1/2017 (9)
|
|
195,000
|
|
|
|
209,069
|
|
Missouri State Environmental Improvement & Energy Resources Authority, Water, Revenue Bonds, 5.750%, 1/1/2029 NR/Aaa;
Call Date 1/1/2019
|
|
750,000
|
|
|
|
881,378
|
|
Missouri State Health & Educational Facilities Authority, Medical, Revenue Bonds, AGM, 5.000%, 11/15/2015
AAA/Aa3
|
|
700,000
|
|
|
|
769,895
|
|
Springfield Public Building Corp., Airport, Revenue Bonds, AMBAC, 5.000%, 7/1/2014 NR/Aa2 (9)
|
|
225,000
|
|
|
|
243,585
|
|
St. Louis Municipal Finance Corp., Facilities, Revenue Bonds, Assured Guaranty Corp., 0.000%, 7/15/2021 AAA/Aa3
|
|
800,000
|
|
|
|
455,552
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,449,023
|
|
|
|
|
|
Montana - 0.9%
|
|
|
|
|
|
|
|
County of Yellowstone, Medical, Revenue Bonds, 5.250%, 9/1/2034 AA/NR; Call Date 9/1/2017
|
|
1,400,000
|
|
|
|
1,520,036
|
|
Montana Facility Finance Authority, Medical, Revenue Bonds, 4.250%, 1/1/2022 AA/Aa3; Call Date 1/1/2020
|
|
500,000
|
|
|
|
499,530
|
|
Montana Facility Finance Authority, Medical, Revenue Bonds, 4.500%, 1/1/2024 AA/Aa3; Call Date 1/1/2020
|
|
500,000
|
|
|
|
497,975
|
|
Montana Facility Finance Authority, Medical, Revenue Bonds, 5.000%, 1/1/2035 AA/Aa3; Call Date 1/1/2020
|
|
500,000
|
|
|
|
509,510
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,027,051
|
|
|
|
|
|
Nebraska - 0.4%
|
|
|
|
|
|
|
|
City of O’Neill, Medical, Revenue Bonds, 6.250%, 9/1/2012 NR/NR
|
|
190,000
|
|
|
|
194,706
|
|
Lancaster County Hospital Authority No. 1, Medical, Revenue Bonds, 5.500%, 1/1/2030 NR/NR; Call Date
1/1/2020
|
|
1,000,000
|
|
|
|
1,021,600
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,216,306
|
|
|
|
|
|
Nevada - 2.0%
|
|
|
|
|
|
|
|
Clark County School District, School District, GO, AMBAC, 5.000%, 6/15/2019 AA/Aa1; Call Date 6/15/2017
|
|
1,600,000
|
|
|
|
1,764,192
|
|
County of Washoe, Transportation, Revenue Bonds, 5.500%, 2/1/2028 AA-/A1; Call Date 2/1/2019
|
|
1,000,000
|
|
|
|
1,070,270
|
|
Las Vegas Valley Water District, General Obligation, GO, AGM, 5.000%, 6/1/2028 AAA/Aa1; Call Date 6/1/2016 (5)
|
|
2,565,000
|
|
|
|
2,656,237
|
|
Nevada Housing Division, Single Family Housing, Revenue Bonds, 5.400%, 4/1/2031 AAA/Aaa; Call Date 6/1/2010 (9)
|
|
340,000
|
|
|
|
360,859
|
|
Nevada Housing Division, Single Family Housing, Revenue Bonds, FHA-Insured Mortgage, 5.550%, 4/1/2031 AAA/Aaa; Call Date 6/1/2010
(9)
|
|
400,000
|
|
|
|
400,428
|
|
|
|
|
|
|
|
|
|
Reno-Sparks Indian Colony, General, Revenue Bonds, 4.250%, 6/1/2014 NR/NR
|
|
515,000
|
|
|
|
515,937
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,767,923
|
|
|
|
|
|
New Hampshire - 0.2%
|
|
|
|
|
|
|
|
New Hampshire Health & Education Facilities Authority, Medical, Revenue Bonds, AMBAC, 5.875%, 10/1/2016 A/A3; Call Date
6/1/2010
|
|
600,000
|
|
|
|
601,638
|
|
|
|
|
|
New Jersey - 0.4%
|
|
|
|
|
|
|
|
Essex County Improvement Authority, General, Revenue Bonds, AMBAC, 5.250%, 12/15/2018 NR/Aa2
|
|
150,000
|
|
|
|
170,166
|
|
New Jersey State Housing & Mortgage Finance Agency, Single Family Housing, Revenue Bonds, 5.000%, 10/1/2033 AA/Aa2; Call
Date 4/1/2013 (9)
|
|
130,000
|
|
|
|
129,897
|
|
New Jersey Transportation Trust Fund Authority, Transportation, Revenue Bonds, FSA, 5.500%, 12/15/2017 AAA/Aa3
|
|
1,000,000
|
|
|
|
1,150,710
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,450,773
|
|
|
|
|
|
New Mexico - 1.3%
|
|
|
|
|
|
|
|
New Mexico Mortgage Finance Authority, Housing, Revenue Bonds, GNMA/FNMA/FHLMC, 5.650%, 9/1/2039 AAA/NR; Call Date
3/1/2019
|
|
1,000,000
|
|
|
|
1,066,840
|
|
New Mexico Mortgage Finance Authority, Single Family Housing, Revenue Bonds, 5.950%, 3/1/2032 AAA/NR; Call Date 9/1/2010
(9)
|
|
235,000
|
|
|
|
240,986
|
|
New Mexico Mortgage Finance Authority, Single Family Housing, Revenue Bonds, GNMA/FNMA/FHLMC, 4.400%, 1/1/2027 AAA/NR; Call Date
1/1/2016 (9)
|
|
1,595,000
|
|
|
|
1,566,497
|
|
New Mexico Mortgage Finance Authority, Single Family Housing, Revenue Bonds, GNMA/FNMA/FHLMC, 4.700%, 7/1/2027 AAA/NR; Call Date
1/1/2016 (9)
|
|
500,000
|
|
|
|
506,175
|
|
New Mexico Mortgage Finance Authority, Single Family Housing, Revenue Bonds, GNMA/FNMA/FHLMC, 6.000%, 9/1/2039 AAA/NR; Call Date
3/1/2019
|
|
750,000
|
|
|
|
795,345
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,175,843
|
|
|
|
|
|
New York - 1.2%
|
|
|
|
|
|
|
|
Amherst Development Corp., Development, Revenue Bonds, AGM, 4.625%, 10/1/2040 AAA/Aa3; Call Date 10/1/2020
|
|
1,500,000
|
|
|
|
1,481,820
|
|
County of Monroe, General Obligation, GO UT, MBIA, 6.000%, 3/1/2015 A/A2
|
|
225,000
|
|
|
|
262,316
|
|
Metropolitan Transportation Authority, General, Revenue Bonds, NATL-RE, 5.000%, 11/15/2024 AA/Baa1; Call Date
11/15/2016
|
|
100,000
|
|
|
|
107,516
|
|
Metropolitan Transportation Authority, Transportation, Revenue Bonds, 5.000%, 11/15/2016 A/A2
|
|
1,250,000
|
|
|
|
1,386,312
|
|
New York City Transitional Finance Authority, General, Revenue Bonds, NATL-RE FGIC, 5.000%, 7/15/2024 AA-/Aa3; Call Date
1/15/2017
|
|
425,000
|
|
|
|
456,374
|
|
New York Liberty Development Corp., Development, Revenue Bonds, 5.000%, 10/1/2015 A/A1
|
|
250,000
|
|
|
|
264,458
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,958,796
|
|
|
|
|
|
North Carolina - 1.9%
|
|
|
|
|
|
|
|
Board of Governors of the University of North Carolina, Higher Education, Revenue Bonds, AMBAC, 5.375%, 4/1/2017 NR/WR; Call Date
10/1/2012
|
|
75,000
|
|
|
|
77,604
|
|
City of Charlotte, Airport, Revenue Bonds, 4.750%, 7/1/2029 A+/A1; Call Date 7/1/2020
|
|
280,000
|
|
|
|
285,158
|
|
City of Charlotte, Airport, Revenue Bonds, 5.000%, 7/1/2022 A+/A1; Call Date 7/1/2020 (9)
|
|
150,000
|
|
|
|
152,850
|
|
City of Charlotte, Airport, Revenue Bonds, 5.375%, 7/1/2028 A+/A1; Call Date 7/1/2020 (9)
|
|
960,000
|
|
|
|
977,530
|
|
North Carolina Eastern Municipal Power Agency, Power, Revenue Bonds, 4.200%, 1/1/2019 A-/Baa1
|
|
1,500,000
|
|
|
|
1,531,410
|
|
North Carolina Eastern Municipal Power Agency, Power, Revenue Bonds, 6.000%, 1/1/2022 A-/Baa1
|
|
50,000
|
|
|
|
58,938
|
|
North Carolina Eastern Municipal Power Agency, Power, Revenue Bonds, AMBAC, 5.000%, 1/1/2016 A-/WR
|
|
500,000
|
|
|
|
546,700
|
|
North Carolina Eastern Municipal Power Agency, Power, Revenue Bonds, Assured Guaranty Corp., 6.000%, 1/1/2019
AAA/Aa3
|
|
500,000
|
|
|
|
558,835
|
|
North Carolina Housing Finance Agency, Single Family Housing, Revenue Bonds, 4.650%, 7/1/2021 AA/Aa2; Call Date 7/1/2016
(4) (9)
|
|
2,000,000
|
|
|
|
2,020,080
|
|
North Carolina Medical Care Commission, Medical, Revenue Bonds, 4.250%, 10/1/2025 AA/Aa3; Call Date 10/1/2019
|
|
200,000
|
|
|
|
197,990
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,407,095
|
|
|
|
|
|
North Dakota - 1.7%
|
|
|
|
|
|
|
|
City of Fargo, Medical, Revenue Bonds, FSA, 5.750%, 6/1/2012 AAA/Aa3; Call Date 12/1/2010
|
|
2,940,000
|
|
|
|
3,002,651
|
|
North Dakota State Housing Finance Agency, Single Family Housing, Revenue Bonds, 5.250%, 1/1/2029 NR/Aa3; Call Date
7/1/2019
|
|
2,500,000
|
|
|
|
2,668,350
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,671,001
|
|
|
|
|
|
Ohio - 0.7%
|
|
|
|
|
|
|
|
City of Cleveland, General, Revenue Bonds, Assured Guaranty Corp., 5.000%, 10/1/2017 AAA/Aa3
|
|
425,000
|
|
|
|
475,188
|
|
|
|
|
|
|
|
|
|
Hilliard School District, School District, GO UT, 0.000%, 12/1/2019 AA/Aa2
|
|
235,000
|
|
|
|
162,855
|
|
Mahoning County Career & Technical Center Board, General, Certificate of Participation, 6.250%, 12/1/2036 AA-/NR; Call
Date 12/1/2011
|
|
1,250,000
|
|
|
|
1,356,875
|
|
Richland County, General Obligation, GO, Assured Guaranty Corp., 6.000%, 12/1/2028 NR/Aa3; Call Date 12/1/2018
|
|
250,000
|
|
|
|
283,208
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,278,126
|
|
|
|
|
|
Oklahoma - 0.9%
|
|
|
|
|
|
|
|
Cleveland County Justice Authority, General, Revenue Bonds, 5.750%, 3/1/2029 A/NR; Call Date 3/1/2015
|
|
650,000
|
|
|
|
684,547
|
|
Oklahoma Housing Finance Agency, Single Family Housing, Revenue Bonds, GNMA/FNMA/FHLMC, 6.500%, 9/1/2038 NR/Aaa; Call Date
9/1/2018
|
|
1,160,000
|
|
|
|
1,243,149
|
|
Oklahoma Housing Finance Agency, Single Family Housing, Revenue Bonds, GNMA/FNMA/FHLMC COLL, 5.250%, 9/1/2029 NR/Aaa; Call Date
3/1/2019
|
|
200,000
|
|
|
|
212,298
|
|
Oklahoma Water Resource Board, Water, Revenue Bonds, 5.250%, 4/1/2018 AAA/Aaa; Call Date 10/1/2013
|
|
900,000
|
|
|
|
1,008,513
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,148,507
|
|
|
|
|
|
Oregon - 0.6%
|
|
|
|
|
|
|
|
Medford Hospital Facilities Authority, Medical, Revenue Bonds, AGM, 5.500%, 8/15/2028 AAA/NR; Call Date 8/15/2020
|
|
1,000,000
|
|
|
|
1,063,330
|
|
Metropolitan Wastewater Management Commission, Water, Revenue Bonds, NATL-RE FGIC, 5.000%, 11/1/2025 AA-/Aa2; Call Date 11/1/2016
|
|
400,000
|
|
|
|
421,252
|
|
Oregon State Housing & Community Services Department, Single Family Housing, Revenue Bonds, 5.900%, 7/1/2031 NR/Aa2;
Call Date 6/1/2010 (9)
|
|
430,000
|
|
|
|
445,192
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,929,774
|
|
|
|
|
|
Pennsylvania - 1.1%
|
|
|
|
|
|
|
|
Allegheny County Hospital Development Authority, Medical, Revenue Bonds, 5.000%, 6/15/2018 A+/Aa3; Call Date
6/15/2014
|
|
150,000
|
|
|
|
157,817
|
|
Cumberland County Municipal Authority, Nursing Homes, Revenue Bonds, 3.000%, 1/1/2011 NR/NR
|
|
500,000
|
|
|
|
500,990
|
|
Harrisburg Authority, Pollution, Revenue Bonds, AGM, 5.000%, 12/1/2013 AAA/Aa3 (4)
|
|
1,025,000
|
|
|
|
1,026,619
|
|
Pennsylvania Industrial Development Authority, Development, Revenue Bonds, AMBAC, 5.500%, 7/1/2014 A-/A1; Call Date
7/1/2012
|
|
1,925,000
|
|
|
|
2,080,713
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,766,139
|
|
|
|
|
|
Puerto Rico - 0.6%
|
|
|
|
|
|
|
|
Commonwealth of Puerto Rico, General Obligation, GO UT, FSA, 5.250%, 7/1/2030 NR/Aa3; Call Date 1/1/2020
|
|
800,000
|
|
|
|
847,264
|
|
Government Development Bank for Puerto Rico, General, Revenue Bonds, 5.000%, 12/1/2010 BBB/A3
|
|
350,000
|
|
|
|
356,713
|
|
Government Development Bank for Puerto Rico, General, Revenue Bonds, 5.500%, 2/1/2012 BBB/NR; Call Date 8/1/2010
|
|
300,000
|
|
|
|
300,246
|
|
Puerto Rico Electric Power Authority, Power, Revenue Bonds, 5.250%, 7/1/2028 BBB+/A3e; Call Date 7/1/2020
|
|
400,000
|
|
|
|
414,232
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,918,455
|
|
|
|
|
|
Rhode Island - 0.3%
|
|
|
|
|
|
|
|
Rhode Island Student Loan Authority, Student Loan, Revenue Bonds, 3.950%, 12/1/2017 A+/NR
|
|
250,000
|
|
|
|
250,160
|
|
Rhode Island Student Loan Authority, Student Loan, Revenue Bonds, 4.200%, 12/1/2018 A+/NR; Call Date 12/1/2017
|
|
600,000
|
|
|
|
603,450
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
853,610
|
|
|
|
|
|
South Carolina - 1.7%
|
|
|
|
|
|
|
|
City of Columbia, Water, Revenue Bonds, 4.250%, 2/1/2034 AA/Aa1; Call Date 2/1/2020
|
|
1,000,000
|
|
|
|
980,920
|
|
City of Rock Hill, Utilities, Revenue Bonds, Assured Guaranty Corp., 4.250%, 1/1/2029 AAA/Aa3; Call Date 1/1/2020
|
|
400,000
|
|
|
|
395,932
|
|
South Carolina Jobs-Economic Development Authority, Nursing Homes, Revenue Bonds, GNMA, 6.900%, 1/20/2037 AAA/NR; Call Date
1/20/2011
|
|
200,000
|
|
|
|
206,740
|
|
South Carolina State Housing Finance & Development Authority, Single Family Housing, Revenue Bonds, AGM, 5.500%,
7/1/2037 NR/Aa2; Call Date 7/1/2016 (9)
|
|
2,000,000
|
|
|
|
2,099,360
|
|
South Carolina State Housing Finance & Development Authority, Single Family Housing, Revenue Bonds, AMBAC, 5.000%,
7/1/2035 NR/Aa1; Call Date 1/1/2015 (9)
|
|
320,000
|
|
|
|
328,432
|
|
South Carolina State Public Service Authority, Power, Revenue Bonds, 5.500%, 1/1/2038 AA-/Aa2; Call Date 1/1/2019
|
|
1,000,000
|
|
|
|
1,089,030
|
|
South Carolina Transportation Infrastructure Bank, Transportation, Revenue Bonds, AMBAC, 5.250%, 10/1/2020 NR/Aa3
|
|
250,000
|
|
|
|
288,807
|
|
|
|
|
|
|
|
|
|
South Carolina Transportation Infrastructure Bank, Transportation, Revenue Bonds, XLCA, 5.000%, 10/1/2022 NR/Aa3; Call Date
10/1/2016
|
|
150,000
|
|
|
|
161,519
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,550,740
|
|
|
|
|
|
South Dakota - 0.9%
|
|
|
|
|
|
|
|
South Dakota Health & Educational Facilities Authority, Higher Education, Revenue Bonds, AMBAC, 5.000%, 8/1/2022 NR/WR;
Call Date 8/1/2017
|
|
980,000
|
|
|
|
1,064,594
|
|
South Dakota Health & Educational Facilities Authority, Medical, Revenue Bonds, 5.000%, 11/1/2024 AA-/A1; Call Date
11/1/2019
|
|
1,000,000
|
|
|
|
1,039,530
|
|
South Dakota Housing Development Authority, Single Family Housing, Revenue Bonds, 4.900%, 5/1/2022 AAA/Aa1; Call Date 11/1/2016
(9)
|
|
735,000
|
|
|
|
745,907
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,850,031
|
|
|
|
|
|
Tennessee - 0.1%
|
|
|
|
|
|
|
|
Metropolitan Nashville Airport Authority, Airport, Revenue Bonds, 5.000%, 7/1/2017 A/A2
|
|
435,000
|
|
|
|
475,298
|
|
|
|
|
|
Texas - 4.7%
|
|
|
|
|
|
|
|
Alamo Community College District, General Obligation, GO, AGM-CR FGIC, 5.000%, 8/15/2021 AAA/Aaa; Call Date
8/15/2017
|
|
200,000
|
|
|
|
223,660
|
|
Bexar County Health Facilities Development Corp., Medical, Revenue Bonds, 5.450%, 7/1/2019 BBB/NR
|
|
100,000
|
|
|
|
102,953
|
|
Brazos River Authority, Power, Revenue Bonds, FGIC, 4.250%, 3/1/2017 BBB+/Baa1; Call Date 3/1/2014 (4)
|
|
885,000
|
|
|
|
893,284
|
|
Capital Area Cultural Education Facilities Finance Corp., Education, Revenue Bonds, 4.000%, 4/1/2011 NR/WR/WR
|
|
400,000
|
|
|
|
404,840
|
|
Capital Area Cultural Education Facilities Finance Corp., Education, Revenue Bonds, 4.000%, 4/1/2012 NR/WR/WR
|
|
345,000
|
|
|
|
352,193
|
|
Capital Area Cultural Education Facilities Finance Corp., Education, Revenue Bonds, 5.000%, 4/1/2019 NR/WR/WR
|
|
1,000,000
|
|
|
|
1,007,030
|
|
Capital Area Cultural Education Facilities Finance Corp., Education, Revenue Bonds, 5.250%, 4/1/2021 NR/WR/WR; Call Date 4/1/2020
|
|
400,000
|
|
|
|
403,640
|
|
Central Texas Regional Mobility Authority, Transportation, Revenue Bonds, 0.000%, 1/1/2025 BBB-/Baa3
|
|
1,000,000
|
|
|
|
371,980
|
|
Central Texas Regional Mobility Authority, Transportation, Revenue Bonds, 5.750%, 1/1/2025 BBB-/Baa3; Call Date
1/1/2020
|
|
250,000
|
|
|
|
255,770
|
|
City of Conroe, General Obligation, GO, MBIA, 5.500%, 3/1/2022 AA-/Aa2; Call Date 3/1/2017
|
|
100,000
|
|
|
|
112,364
|
|
City of Galveston, General Obligation, GO, 4.250%, 5/1/2014 BBB/Aa3
|
|
290,000
|
|
|
|
302,296
|
|
City of Keller, General Obligation, GO, NATL-RE, 5.000%, 2/15/2022 AA/Aa3; Call Date 2/15/2014
|
|
250,000
|
|
|
|
264,497
|
|
City of San Antonio, Power, Revenue Bonds, 5.000%, 2/1/2019 AA/Aa1; Call Date 2/1/2015
|
|
1,900,000
|
|
|
|
2,113,009
|
|
Dallas-Fort Worth International Airport Facilities Improvement Corp., Airport, Revenue Bonds, FSA, 5.500%, 11/1/2018 AAA/Aa3;
Call Date 11/1/2013 (9)
|
|
100,000
|
|
|
|
106,209
|
|
Dallas-Fort Worth International Airport Facilities Improvement Corp., Airport, Revenue Bonds, MBIA, 5.875%, 11/1/2017 A+/A1; Call
Date 11/1/2011 (9)
|
|
115,000
|
|
|
|
119,629
|
|
Dallas-Fort Worth International Airport Facilities Improvement Corp., Airport, Revenue Bonds, XLCA, 6.125%, 11/1/2018 A+/A1; Call
Date 6/1/2010 (9)
|
|
805,000
|
|
|
|
807,149
|
|
Forney Independent School District, School District, GO UT, PSF, 6.000%, 8/15/2037 AAA/NR; Call Date 8/15/2018
|
|
390,000
|
|
|
|
446,098
|
|
Harris County Municipal Utility District No. 290, General Obligation, GO UT, AGC, 5.750%, 9/1/2026 AAA/NR; Call Date
9/1/2017
|
|
265,000
|
|
|
|
296,551
|
|
Harris County Municipal Utility District No. 341, General Obligation, GO UT, FSA, 5.500%, 12/1/2024 AAA/Aa3; Call Date
12/1/2017
|
|
325,000
|
|
|
|
358,956
|
|
Harris County Municipal Utility District No. 374, General Obligation, GO UT, AGC, 5.650%, 9/1/2026 AAA/NR; Call Date
9/1/2015
|
|
325,000
|
|
|
|
356,564
|
|
La Vernia Higher Education Finance Corp., Education, Revenue Bonds, 4.375%, 8/15/2015 BBB/NR
|
|
200,000
|
|
|
|
201,608
|
|
La Vernia Higher Education Finance Corp., Education, Revenue Bonds, 4.750%, 8/15/2016 BBB/NR
|
|
180,000
|
|
|
|
182,887
|
|
La Vernia Higher Education Finance Corp., Education, Revenue Bonds, 5.000%, 8/15/2017 BBB/NR
|
|
150,000
|
|
|
|
154,559
|
|
La Vernia Higher Education Finance Corp., Education, Revenue Bonds, 5.000%, 8/15/2018 BBB/NR
|
|
150,000
|
|
|
|
153,125
|
|
La Vernia Higher Education Finance Corp., Education, Revenue Bonds, 5.125%, 8/15/2019 BBB/NR
|
|
100,000
|
|
|
|
102,387
|
|
Little Elm Independent School District, School District, GO UT, PSF, 5.000%, 8/15/2020 AAA/NR; Call Date
8/15/2016
|
|
1,145,000
|
|
|
|
1,283,957
|
|
Lufkin Health Facilities Development Corp., Medical, Revenue Bonds, 5.250%, 2/15/2027 BBB+/Baa2; Call Date
2/15/2017
|
|
300,000
|
|
|
|
286,176
|
|
North Texas Tollway Authority, Transportation, Revenue Bonds, 5.750%, 1/1/2038 BBB+/A3; Call Date 1/1/2018
|
|
150,000
|
|
|
|
156,345
|
|
|
|
|
|
|
|
|
|
North Texas Tollway Authority, Transportation, Revenue Bonds, 6.125%, 1/1/2031 BBB+/A3; Call Date 1/1/2016
|
|
300,000
|
|
|
|
320,901
|
|
North Texas Tollway Authority, Transportation, Revenue Bonds, Assured Guaranty Corp., 5.750%, 1/1/2038 AAA/Aa3; Call Date
1/1/2019
|
|
1,500,000
|
|
|
|
1,624,380
|
|
Palmer Plantation Municipal Utility District No. 1, General Obligation, GO UT, AMBAC, 4.875%, 9/1/2014 NR/WR; Call Date
6/1/2010
|
|
285,000
|
|
|
|
284,994
|
|
Port of Houston Authority, General Obligation, GO UT, MBIA, 5.100%, 10/1/2026 AAA/Aaa; Call Date 10/1/2011 (9)
|
|
250,000
|
|
|
|
252,830
|
|
Potter County Industrial Development Corp., Development, Revenue Bonds, AMBAC, 5.750%, 9/1/2016 BBB+/Baa1; Call Date 6/1/2010
|
|
235,000
|
|
|
|
235,736
|
|
Texas Department of Housing & Community Affairs, Single Family Housing, Revenue Bonds, GNMA/FNMA, 5.000%, 7/1/2016
AAA/Aaa; Call Date 7/1/2011 (9)
|
|
80,000
|
|
|
|
80,690
|
|
Texas State University Systems, Higher Education, Revenue Bonds, 5.250%, 3/15/2023 AA-/Aa2; Call Date 3/15/2018
|
|
500,000
|
|
|
|
559,500
|
|
University of Houston, Higher Education, Revenue Bonds, AMBAC, 5.000%, 2/15/2022 AA-/Aa2; Call Date 2/15/2015
|
|
500,000
|
|
|
|
539,185
|
|
Weatherford Independent School District, School District, GO UT, PSF, 0.000%, 2/15/2027 AAA/Aaa; Call Date
2/15/2011
|
|
315,000
|
|
|
|
121,347
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,839,279
|
|
|
|
|
|
Utah - 0.6%
|
|
|
|
|
|
|
|
City of Herriman, General, Special Assessment, 5.750%, 11/1/2027 A/NR; Call Date 5/1/2020
|
|
350,000
|
|
|
|
368,235
|
|
Grand County School District, School District, GO UT, School Bond Gty, 5.250%, 7/1/2026 NR/Aaa; Call Date
7/1/2018
|
|
500,000
|
|
|
|
555,515
|
|
Utah Associated Municipal Power Systems, Power, Revenue Bonds, AGM, 5.250%, 4/1/2015 AAA/Aa3; Call Date 4/1/2013
|
|
100,000
|
|
|
|
108,803
|
|
Utah Water Finance Agency, Water, Revenue Bonds, AMBAC, 5.250%, 7/1/2014 NR/WR; Call Date 7/1/2012
|
|
1,000,000
|
|
|
|
1,050,340
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,082,893
|
|
|
|
|
|
Virgin Islands - 0.5%
|
|
|
|
|
|
|
|
Virgin Islands Public Finance Authority, General, Revenue Bonds, 5.000%, 10/1/2017 BBB-/Baa2
|
|
1,440,000
|
|
|
|
1,566,835
|
|
|
|
|
|
Virginia - 1.0%
|
|
|
|
|
|
|
|
Greater Richmond Convention Center Authority, Facilities, Revenue Bonds, NATL-RE, 5.000%, 6/15/2021 A/A2; Call Date 6/15/2015
|
|
450,000
|
|
|
|
470,327
|
|
Louisa Industrial Development Authority, Pollution, Revenue Bonds, 5.375%, 12/2/2013 A-/Baa1e (4)
|
|
400,000
|
|
|
|
442,952
|
|
Suffolk Redevelopment & Housing Authority, Multi-Family Housing, Revenue Bonds, 4.850%, 7/1/2011 NR/Aaa
(4)
|
|
1,500,000
|
|
|
|
1,525,815
|
|
Virginia Small Business Financing Authority, Medical, Revenue Bonds, 4.250%, 11/1/2021 AA/Aa2; Call Date 5/1/2020
|
|
1,000,000
|
|
|
|
1,010,460
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,449,554
|
|
|
|
|
|
Washington - 1.7%
|
|
|
|
|
|
|
|
Grays Harbor County Public Utility District No. 1, Utilities, Revenue Bonds, AGM, 5.250%, 7/1/2019 AAA/Aa3; Call Date
7/1/2015
|
|
425,000
|
|
|
|
462,612
|
|
King County Housing Authority, Multi-Family Housing, Revenue Bonds, 5.200%, 5/1/2028 AAA/NR; Call Date 11/1/2018
|
|
460,000
|
|
|
|
481,174
|
|
King County Housing Authority, Multi-Family Housing, Revenue Bonds, 5.500%, 12/1/2028 AAA/NR; Call Date 12/1/2018
|
|
500,000
|
|
|
|
520,640
|
|
State of Washington, General, Certificate of Participation, 4.000%, 7/1/2018 NR/Aa2
|
|
600,000
|
|
|
|
631,734
|
|
Washington Health Care Facilities Authority, Medical, Revenue Bonds, FHA-Insured Mortgage, 6.250%, 8/1/2028 A+/NR; Call Date
8/1/2018
|
|
400,000
|
|
|
|
445,320
|
|
Washington Higher Education Facilities Authority, Higher Education, Revenue Bonds, 5.000%, 4/1/2029 NR/A3; Call Date 4/1/2019
|
|
2,000,000
|
|
|
|
2,031,260
|
|
Washington Higher Education Facilities Authority, Higher Education, Revenue Bonds, 6.250%, 4/1/2029 NR/A3; Call Date 4/1/2019
|
|
1,085,000
|
|
|
|
1,197,862
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,770,602
|
|
|
|
|
|
West Virginia - 0.2%
|
|
|
|
|
|
|
|
West Virginia State Hospital Finance Authority, Medical, Revenue Bonds, AMBAC, 5.000%, 6/1/2018 A+/A2; Call Date
6/1/2016
|
|
600,000
|
|
|
|
639,930
|
|
|
|
|
|
Wisconsin - 4.5%
|
|
|
|
|
|
|
|
County of Milwaukee, Airport, Revenue Bonds, AMBAC, 5.000%, 12/1/2015 NR/A1 (9)
|
|
255,000
|
|
|
|
269,010
|
|
County of Milwaukee, Airport, Revenue Bonds, AMBAC, 5.000%, 12/1/2019 NR/A1; Call Date 12/1/2016 (9)
|
|
495,000
|
|
|
|
503,227
|
|
Ladysmith-Hawkins School District, School District, GO UT, NATL-RE FGIC, 5.500%, 4/1/2020 NR/WR; Call Date
4/1/2016
|
|
1,105,000
|
|
|
|
1,133,111
|
|
|
|
|
|
|
|
|
|
|
|
Monroe Redevelopment Authority, Medical, Revenue Bonds, 5.500%, 2/15/2029 NR/A3; Call Date 2/15/2019
|
|
|
1,500,000
|
|
|
|
1,520,565
|
|
|
Osceola School District, School District, GO UT, NATL-RE FGIC, 5.125%, 5/1/2016 NR/Aa3; Call Date 11/1/2011
|
|
|
65,000
|
|
|
|
67,267
|
|
|
State of Wisconsin, General Obligation, GO UT, 5.250%, 5/1/2023 AA/Aa2; Call Date 5/1/2018
|
|
|
105,000
|
|
|
|
118,372
|
|
|
State of Wisconsin, General, Revenue Bonds,, 5.250%, 5/1/2020 AA-/Aa3; Call Date 5/1/2019
|
|
|
1,000,000
|
|
|
|
1,141,990
|
|
|
Village of Darien, Water, Revenue Bonds, 4.550%, 10/1/2015 NR/NR; Call Date 10/1/2013
|
|
|
100,000
|
|
|
|
103,617
|
|
|
West Allis West Milwaukee School District, School District, GO UT, FSA, 3.750%, 4/1/2012 NR/Aa3
|
|
|
60,000
|
|
|
|
63,047
|
|
|
Wisconsin Center District, General, Revenue Bonds, FSA, 0.000%, 12/15/2028 AAA/Aa3
|
|
|
35,000
|
|
|
|
13,913
|
|
|
Wisconsin Health & Educational Facilities Authority, Higher Education, Revenue Bonds, NATL-RE, 5.000%, 12/1/2017 A+/A1; Call
Date 12/1/2014
|
|
|
775,000
|
|
|
|
810,162
|
|
|
Wisconsin Health & Educational Facilities Authority, Medical, Revenue Bonds, 5.000%, 4/15/2016 NR/A3
|
|
|
1,000,000
|
|
|
|
1,058,750
|
|
|
Wisconsin Health & Educational Facilities Authority, Medical, Revenue Bonds, 5.000%, 6/1/2019 NR/A2 (5)
|
|
|
1,220,000
|
|
|
|
1,264,628
|
|
|
Wisconsin Health & Educational Facilities Authority, Medical, Revenue Bonds, 5.000%, 8/15/2019 NR/A3
|
|
|
250,000
|
|
|
|
258,362
|
|
|
Wisconsin Health & Educational Facilities Authority, Medical, Revenue Bonds, 5.250%, 12/1/2020 A+/A1; Call Date 12/1/2018
|
|
|
1,295,000
|
|
|
|
1,377,984
|
|
|
Wisconsin Health & Educational Facilities Authority, Medical, Revenue Bonds, 5.375%, 8/15/2024 AA-/Aa3; Call Date 2/15/2020
|
|
|
1,625,000
|
|
|
|
1,760,915
|
|
|
Wisconsin Health & Educational Facilities Authority, Medical, Revenue Bonds, FSA, 5.000%, 8/1/2018 AAA/Aa3; Call Date
4/24/2018
|
|
|
70,000
|
|
|
|
75,728
|
|
|
Wisconsin Health & Educational Facilities Authority, Medical, Revenue Bonds, MBIA, 5.250%, 8/15/2017 NR/A3; Call Date
6/1/2010
|
|
|
700,000
|
|
|
|
701,603
|
|
|
Wisconsin Health & Educational Facilities Authority, Medical, Revenue Bonds, NATL-RE, 5.750%, 2/15/2027 A/Baa1; Call Date
6/1/2010
|
|
|
1,000,000
|
|
|
|
1,002,640
|
|
|
Wisconsin Health & Educational Facilities Authority, Medical, Revenue Bonds, RADIAN, 6.250%, 2/15/2029 BBB+/NR; Call Date
6/1/2010
|
|
|
800,000
|
|
|
|
803,496
|
|
|
Wisconsin Health & Educational Facilities Authority, Nursing Homes, Revenue Bonds, 5.400%, 9/15/2014 NR/NR; Call Date
9/15/2011
|
|
|
250,000
|
|
|
|
250,285
|
|
|
Wisconsin Health & Educational Facilities Authority, Nursing Homes, Revenue Bonds, 6.400%, 9/15/2015 NR/NR; Call Date
12/15/2011
|
|
|
750,000
|
|
|
|
751,057
|
|
|
Wisconsin Housing & Economic Development Authority, Single Family Housing, Revenue Bonds, GO, 4.850%, 9/1/2031 AA/Aa2 (9)
|
|
|
30,000
|
|
|
|
30,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,079,729
|
|
|
Wyoming - 0.1%
|
|
|
|
|
|
|
|
|
|
Wyoming Community Development Authority, Single Family Housing, Revenue Bonds, 4.650%, 6/1/2016 AA+/Aa1 (9)
|
|
|
160,000
|
|
|
|
163,440
|
|
|
Wyoming Community Development Authority, Single Family Housing, Revenue Bonds, 5.125%, 12/1/2018 AA+/Aa1; Call Date 6/1/2018 (9)
|
|
|
80,000
|
|
|
|
83,054
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
246,494
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Municipals
(identified cost $301,048,558)
|
|
|
|
|
|
|
310,599,120
|
|
|
|
|
|
|
Short-Term Investments - 9.1%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mutual Funds - 7.1%
|
|
|
|
|
|
|
|
|
|
Marshall Tax-Free Money Market Fund, Class I, 0.530% (13)
|
|
|
23,848,611
|
|
|
|
23,848,611
|
|
|
|
|
|
|
Short-Term Municipals - 2.0%
|
|
|
|
|
|
|
|
|
|
California Municipal Finance Authority, Development, Revenue Bonds, 1.000%, 9/1/2010 BBB/A-2/NR (4)
|
|
$
|
3,000,000
|
|
|
|
2,999,250
|
|
|
City of Beckley, Higher Education, Revenue Notes, 3.500%, 12/17/2010 NR/MIG3; Call Date 6/1/2010
|
|
|
400,000
|
|
|
|
399,904
|
|
|
Iowa Higher Education Loan Authority, Student Loan, Revenue Notes, 5.000%, 5/20/2011 NR/NR
|
|
|
2,000,000
|
|
|
|
2,000,600
|
|
|
Michigan Municipal Bond Authority, General, Revenue Notes, 5.000%, 3/21/2011 SP-1/NR
|
|
|
1,200,000
|
|
|
|
1,202,076
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,601,830
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments
(identified cost $30,449,781)
|
|
|
|
|
|
|
30,450,441
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments - 102.2%
(identified cost $331,498,339)
|
|
|
|
|
|
|
341,049,561
|
|
|
Other Assets and Liabilities - (2.2)%
|
|
|
|
|
|
|
(7,366,250
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Assets - 100.0%
|
|
|
|
|
|
$
|
333,683,311
|
|
|
|
|
|
|
|
|
|
|
|
Government Income Fund
SCHEDULE OF INVESTMENTS - As of May 31, 2010
(Unaudited)
|
|
|
|
|
|
|
|
|
Description
|
|
Principal
Amount
|
|
Value
|
|
Asset-Backed Securities - 0.5%
|
|
|
|
|
|
|
|
|
|
|
|
Federal Home Loan Mortgage Corporation - 0.1%
|
|
|
|
|
|
|
|
0.603%, 8/25/2031, (Series T-32) (4)
|
|
$
|
602,402
|
|
$
|
561,145
|
|
|
|
|
|
Other Financial - 0.4%
|
|
|
|
|
|
|
|
Countrywide Asset-Backed Certificates, Class A1, (Series 2007-QH2), 0.583%, 4/25/2037 (4) (6) (7)
|
|
|
2,730,025
|
|
|
1,488,631
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Asset-Backed Securities
(identified cost $3,332,426)
|
|
|
|
|
|
2,049,776
|
|
|
|
|
|
Collateralized Mortgage Obligations - 9.3%
|
|
|
|
|
|
|
|
|
|
|
|
Federal Home Loan Mortgage Corporation - 2.9%
|
|
|
|
|
|
|
|
0.687%, 6/15/2025, (Series 2993) (4)
|
|
|
5,293,493
|
|
|
5,225,365
|
|
5.000%, 10/15/2029, (Series 2745)
|
|
|
3,870,181
|
|
|
3,944,372
|
|
5.000%, 10/15/2031, (Series 2543)
|
|
|
1,171,859
|
|
|
1,204,915
|
|
5.000%, 5/15/2033, (Series 2791)
|
|
|
1,289,030
|
|
|
1,375,527
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,750,179
|
|
|
|
|
|
Federal National Mortgage Association - 3.3%
|
|
|
|
|
|
|
|
0.593%, 1/25/2031, (Series 2001-25) (4)
|
|
|
854,837
|
|
|
853,904
|
|
4.000%, 10/25/2032, (Series 2003-28)
|
|
|
228,051
|
|
|
238,274
|
|
5.000%, 10/25/2016, (Series 2003-16)
|
|
|
5,000,000
|
|
|
5,152,025
|
|
5.500%, 3/25/2025, (Series 2006-12)
|
|
|
1,426,112
|
|
|
1,441,735
|
|
5.500%, 8/25/2034, (Series 2005-123)
|
|
|
5,407,000
|
|
|
5,875,738
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,561,676
|
|
Private Sponsor - 3.1%
|
|
|
|
|
|
|
|
Chase Mortgage Finance Corp., Class 7A1, (Series 2007-A2), 5.860%, 7/25/2037 (4)
|
|
|
5,933,395
|
|
|
5,586,986
|
|
Structured Asset Securities Corp., Class 2A2, (Series 2003-21), 5.250%, 8/25/2033
|
|
|
2,957,930
|
|
|
2,912,641
|
|
Thornburg Mortgage Securities Trust, Class A2B, (Series 2007-1), 0.443%, 3/25/2037 (4)
|
|
|
4,571,161
|
|
|
4,408,779
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,908,406
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Collateralized Mortgage Obligations
(identified cost $37,821,382)
|
|
|
|
|
|
38,220,261
|
|
|
|
|
|
Commercial Mortgage Securities - 8.8%
|
|
|
|
|
|
|
|
|
|
|
|
Private Sponsor - 8.8%
|
|
|
|
|
|
|
|
Bear Stearns Commercial Mortgage Securities, Class AM, (Series 2007-PW17), 5.915%, 6/11/2050 (4)
|
|
|
3,000,000
|
|
|
2,536,776
|
|
Commercial Mortgage Pass-Through Certificates, Class A2, (Series 2006-FL12), 0.437%, 12/15/2020 (4) (6) (7)
|
|
|
3,776,055
|
|
|
3,586,549
|
|
Credit Suisse Mortgage Capital Certificates, Class A1, (Series 2006-TF2A), 0.437%, 10/15/2021 (4) (6) (7)
|
|
|
815,068
|
|
|
786,250
|
|
Credit Suisse Mortgage Capital Certificates, Class A1, (Series 2007-TFLA), 0.407%, 2/15/2022 (4) (6) (7)
|
|
|
3,585,638
|
|
|
3,311,190
|
|
Credit Suisse Mortgage Capital Certificates, Class AM, (Series 2007-C5), 5.869%, 9/15/2040 (4)
|
|
|
6,000,000
|
|
|
3,876,690
|
|
CW Capital Cobalt, Ltd., Class A4, (Series 2007-C3), 5.820%, 5/15/2046 (4)
|
|
|
5,000,000
|
|
|
4,641,955
|
|
Greenwich Capital Commercial Funding Corp., Class A1, (Series 2006-FL4A), 0.370%, 11/5/2021 (4) (6) (7)
|
|
|
418,200
|
|
|
396,046
|
|
Greenwich Capital Commercial Funding Corp., Class AM, (Series 2007-GG11), 5.867%, 12/10/2049 (4)
|
|
|
4,000,000
|
|
|
3,203,332
|
|
GS Mortgage Securities Corp. II, Class A2, (Series 2007-EOP), 0.415%, 3/6/2020 (4) (6) (7)
|
|
|
4,000,000
|
|
|
3,826,852
|
|
JP Morgan Chase Commercial Mortgage Securities Corp., Class A1, (Series 2007-FL1A), 0.712%, 7/15/2019 (4) (6) (7)
|
|
|
2,523,947
|
|
|
2,189,640
|
|
Lehman Brothers Commercial Mortgage Trust, Class A1, (Series 2007-LLFA), 0.637%, 6/15/2022 (4) (6) (7)
|
|
|
5,951,549
|
|
|
5,487,013
|
|
|
|
|
|
|
|
|
|
Merrill Lynch/Countrywide Commercial Mortgage Trust, Class AM, (Series 2007-9), 5.856%, 9/12/2049 (4)
|
|
3,000,000
|
|
|
|
2,425,521
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Commercial Mortgage Securities
(identified cost $40,083,172)
|
|
|
|
|
|
36,267,814
|
|
|
|
|
|
Corporate Bonds & Notes - 1.5%
|
|
|
|
|
|
|
|
|
|
|
|
Diversified Financial Services - 0.9%
|
|
|
|
|
|
|
|
Bear Stearns Cos., Inc., 0.534%, 2/1/2012 (4)
|
|
4,000,000
|
|
|
|
3,967,704
|
|
|
|
|
|
Insurance - 0.6%
|
|
|
|
|
|
|
|
HSB Capital I, 1.213%, 7/15/2027 (4)
|
|
3,000,000
|
|
|
|
2,445,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Corporate Bonds & Notes
(identified cost $6,968,950)
|
|
|
|
|
|
6,412,704
|
|
|
|
|
|
U.S. Government & U.S. Government Agency Obligations - 12.4%
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury Bonds & Notes - 12.4%
|
|
|
|
|
|
|
|
3.125%, 4/30/2017(1)
|
|
20,000,000
|
|
|
|
20,490,620
|
|
3.500%, 5/15/2020(1)
|
|
30,000,000
|
|
|
|
30,501,510
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total U.S. Government & U.S. Government Agency Obligations
(identified cost
$51,304,361)
|
|
|
|
|
|
50,992,130
|
|
|
|
|
|
U.S. Government Agency-Mortgage Securities - 56.1%
|
|
|
|
|
|
|
|
|
|
|
|
Federal Home Loan Mortgage Corporation - 2.0%
|
|
|
|
|
|
|
|
5.000%, 8/1/2014
|
|
1,266,746
|
|
|
|
1,329,954
|
|
5.000%, 10/1/2033
|
|
1,840,532
|
|
|
|
1,943,270
|
|
5.500%, 11/1/2018
|
|
1,959,125
|
|
|
|
2,119,242
|
|
5.500%, 10/1/2021
|
|
1,835,736
|
|
|
|
1,977,165
|
|
6.500%, 9/1/2016
|
|
85,181
|
|
|
|
91,982
|
|
7.500%, 9/1/2013
|
|
38,364
|
|
|
|
41,484
|
|
7.500%, 4/1/2024
|
|
164,565
|
|
|
|
185,879
|
|
7.500%, 4/1/2027
|
|
87,149
|
|
|
|
98,748
|
|
8.000%, 8/1/2030
|
|
102,863
|
|
|
|
117,801
|
|
8.500%, 9/1/2024
|
|
88,419
|
|
|
|
102,915
|
|
9.000%, 6/1/2019
|
|
108,676
|
|
|
|
120,673
|
|
9.500%, 2/1/2025
|
|
72,577
|
|
|
|
81,374
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,210,487
|
|
|
|
|
|
Federal National Mortgage Association - 51.9%
|
|
|
|
|
|
|
|
4.500%, 6/14/2040(5)
|
|
30,000,000
|
|
|
|
30,618,750
|
|
5.000%, 5/1/2018
|
|
1,469,767
|
|
|
|
1,577,718
|
|
5.000%, 5/1/2020
|
|
2,373,784
|
|
|
|
2,540,715
|
|
5.000%, 7/1/2035
|
|
3,146,126
|
|
|
|
3,305,380
|
|
5.000%, 12/1/2036(1)
|
|
21,622,410
|
|
|
|
22,676,372
|
|
5.000%, 6/1/2039(1)
|
|
10,007,282
|
|
|
|
10,485,690
|
|
5.000%, 6/14/2040(5)
|
|
25,000,000
|
|
|
|
26,171,875
|
|
5.500%, 8/1/2021
|
|
7,954,197
|
|
|
|
8,565,755
|
|
5.500%, 1/1/2023
|
|
1,440,959
|
|
|
|
1,557,098
|
|
5.500%, 10/1/2024
|
|
1,796,499
|
|
|
|
1,937,305
|
|
5.500%, 8/1/2036
|
|
1,702,521
|
|
|
|
1,818,762
|
|
5.500%, 11/1/2036(1)
|
|
16,220,818
|
|
|
|
17,328,311
|
|
5.500%, 12/1/2036(1)
|
|
10,518,958
|
|
|
|
11,237,151
|
|
5.500%, 1/1/2037
|
|
1,036,596
|
|
|
|
1,107,371
|
|
5.500%, 7/1/2037(1)
|
|
40,940,157
|
|
|
|
43,688,306
|
|
5.500%, 8/1/2037(1)
|
|
6,236,037
|
|
|
|
6,654,637
|
|
5.500%, 8/1/2037(1)
|
|
10,504,692
|
|
|
|
11,209,830
|
|
6.000%, 9/1/2013
|
|
314,110
|
|
|
|
332,578
|
|
6.000%, 10/1/2016
|
|
305,397
|
|
|
|
330,064
|
|
6.000%, 9/1/2021
|
|
2,431,864
|
|
|
|
2,629,808
|
|
6.000%, 4/1/2037
|
|
652,998
|
|
|
|
704,881
|
|
6.500%, 9/1/2016
|
|
191,515
|
|
|
|
207,044
|
|
6.500%, 9/1/2016
|
|
420,016
|
|
|
|
454,073
|
|
6.500%, 8/1/2030
|
|
2,211,155
|
|
|
|
2,452,913
|
|
6.500%, 12/1/2031
|
|
139,484
|
|
|
|
154,735
|
|
6.500%, 11/1/2037
|
|
1,532,374
|
|
|
|
1,658,017
|
|
|
|
|
|
|
|
|
|
|
7.000%, 3/1/2029
|
|
233,281
|
|
|
|
261,380
|
|
|
7.000%, 7/1/2029
|
|
589,539
|
|
|
|
660,549
|
|
|
7.000%, 2/1/2030
|
|
523,556
|
|
|
|
586,619
|
|
|
7.500%, 10/1/2030
|
|
90,781
|
|
|
|
102,549
|
|
|
8.000%, 10/1/2028
|
|
879,558
|
|
|
|
1,015,372
|
|
|
8.000%, 4/1/2030
|
|
164,360
|
|
|
|
189,915
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
214,221,523
|
|
|
|
|
|
|
Government National Mortgage Association - 2.2%
|
|
|
|
|
|
|
|
|
5.000%, 4/15/2034
|
|
1,361,780
|
|
|
|
1,446,972
|
|
|
5.500%, 9/15/2033
|
|
2,925,963
|
|
|
|
3,165,099
|
|
|
6.000%, 12/20/2033
|
|
3,353,137
|
|
|
|
3,693,963
|
|
|
6.500%, 9/15/2032
|
|
456,722
|
|
|
|
506,069
|
|
|
7.000%, 6/15/2029
|
|
150,663
|
|
|
|
170,671
|
|
|
7.000%, 8/15/2031
|
|
130,981
|
|
|
|
148,540
|
|
|
9.500%, 10/15/2024
|
|
54,334
|
|
|
|
62,635
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,193,949
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total U.S. Government Agency-Mortgage Securities
(identified cost $217,377,295)
|
|
|
|
|
|
231,625,959
|
|
|
|
|
|
|
Short-Term Investments - 66.9%
|
|
|
|
|
|
|
|
|
|
|
|
|
Collateral Pool Investment for Securities on Loan - 42.1%
|
|
|
|
|
|
|
|
|
(See Note 2 of the Schedule of Investments)
|
|
|
|
|
|
173,594,835
|
|
|
|
|
|
|
Repurchase Agreement - 24.8%
|
|
|
|
|
|
|
|
|
Agreement with Morgan Stanley & Co., Inc., 0.180%, dated 5/28/2010, to be repurchased at $102,262,874 on 6/1/2010,
collateralized by U.S. Government Agency Obligations with various maturities to 10/26/2029, with a market value of $104,777,342 (at amortized cost)
|
|
102,260,828
|
|
|
|
102,260,828
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments
(identified cost $275,855,663)
|
|
|
|
|
|
275,855,663
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments - 155.5%
(identified cost $632,743,249)
|
|
|
|
|
|
641,424,307
|
|
|
|
|
|
|
Other Assets and Liabilities - (55.5)%
|
|
|
|
|
|
(228,936,591
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Assets - 100.0%
|
|
|
|
|
$
|
412,487,716
|
|
|
|
|
|
|
|
|
|
|
Corporate Income Fund
SCHEDULE OF INVESTMENTS - As of May 31, 2010
(Unaudited)
|
|
|
|
|
|
|
|
|
|
Description
|
|
Shares or
Principal
Amount
|
|
|
Value
|
|
Asset-Backed Securities - 7.3%
|
|
|
|
|
|
|
|
|
Automobiles - 7.3%
|
|
Capital One Prime Auto Receivables Trust, Class A4, (Series 2006-2), 4.940%, 7/15/2012
|
|
$
|
286,488
|
|
|
$
|
288,786
|
|
DaimlerChrysler Auto Trust, Class A3A, (Series 2007-A), 5.000%, 2/8/2012
|
|
|
88,498
|
|
|
|
89,317
|
|
DaimlerChrysler Auto Trust, Class A4, (Series 2006-B), 5.380%, 3/8/2011
|
|
|
43,397
|
|
|
|
43,452
|
|
Ford Credit Auto Owner Trust, Class A3A, (Series 2007-B), 5.150%, 11/15/2011
|
|
|
743,839
|
|
|
|
753,709
|
|
Ford Credit Auto Owner Trust, Class A3A, (Series 2008-A), 3.960%, 4/15/2012
|
|
|
332,519
|
|
|
|
336,853
|
|
Ford Credit Auto Owner Trust, Class A3A, (Series 2008-B), 4.280%, 5/15/2012
|
|
|
1,109,434
|
|
|
|
1,126,613
|
|
Honda Auto Receivables Owner Trust, Class A3, (Series 2007-2), 5.460%, 5/23/2011
|
|
|
615
|
|
|
|
618
|
|
Honda Auto Receivables Owner Trust, Class A4, (Series 2006-3), 5.110%, 4/15/2012
|
|
|
121,207
|
|
|
|
121,464
|
|
Nissan Auto Receivables Owner Trust, Class A4, (Series 2006-C), 5.450%, 6/15/2012
|
|
|
464,511
|
|
|
|
468,646
|
|
USAA Auto Owner Trust, Class A3, (Series 2008-3), 4.280%, 10/15/2012
|
|
|
1,377,551
|
|
|
|
1,403,201
|
|
|
|
|
|
|
|
|
|
|
Total Asset-Backed Securities
(identified cost $4,638,594)
|
|
|
|
|
|
|
4,632,659
|
|
Corporate Bonds & Notes - 71.5%
|
|
|
|
|
|
|
|
|
Aerospace/Defense - 0.6%
|
|
|
|
|
|
|
|
|
Embraer Overseas, Ltd., 6.375%, 1/15/2020
|
|
|
350,000
|
|
|
|
352,625
|
|
|
|
|
|
Agriculture - 3.3%
|
|
|
|
|
|
|
|
|
Altria Group, Inc., 10.200%, 2/6/2039
|
|
|
300,000
|
|
|
|
388,533
|
|
Bunge, Ltd. Finance Corp., 8.500%, 6/15/2019
|
|
|
250,000
|
|
|
|
291,637
|
|
Lorillard Tobacco Co., 8.125%, 5/1/2040
|
|
|
1,000,000
|
|
|
|
991,973
|
|
Reynolds American, Inc., 7.750%, 6/1/2018
|
|
|
350,000
|
|
|
|
405,416
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,077,559
|
|
Auto Manufacturers - 0.8%
|
|
|
|
|
|
|
|
|
Daimler Finance North America LLC, 8.000%, 6/15/2010
|
|
|
500,000
|
|
|
|
501,033
|
|
|
|
|
|
Banks - 4.8%
|
|
|
|
|
|
|
|
|
Discover Bank, 7.000%, 4/15/2020
|
|
|
1,000,000
|
|
|
|
987,366
|
|
Goldman Sachs Group, Inc., 7.500%, 2/15/2019
|
|
|
300,000
|
|
|
|
331,749
|
|
JPMorgan Chase & Co., 1.160%, 2/26/2013 (4)
|
|
|
750,000
|
|
|
|
749,146
|
|
Morgan Stanley, 5.500%, 1/26/2020
|
|
|
1,000,000
|
|
|
|
948,625
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,016,886
|
|
Beverages - 0.8%
|
|
|
|
|
|
|
|
|
PepsiCo, Inc., 0.333%, 7/15/2011 (4)
|
|
|
500,000
|
|
|
|
500,222
|
|
|
|
|
|
Chemicals - 0.5%
|
|
|
|
|
|
|
|
|
Dow Chemical Co., 8.550%, 5/15/2019 (1)
|
|
|
250,000
|
|
|
|
296,982
|
|
|
|
|
|
Diversified Financial Services - 7.4%
|
|
|
|
|
|
|
|
|
Blackstone Holdings Finance Co. LLC, 6.625%, 8/15/2019 (6) (7)
|
|
|
350,000
|
|
|
|
365,883
|
|
Caterpillar Financial Services Corp., 4.300%, 6/1/2010
|
|
|
1,000,000
|
|
|
|
1,000,000
|
|
Caterpillar Financial Services Corp., 1.035%, 6/24/2011 (4)
|
|
|
150,000
|
|
|
|
151,068
|
|
General Electric Capital Corp., 6.875%, 1/10/2039 (1)
|
|
|
650,000
|
|
|
|
693,348
|
|
Harley-Davidson Funding Corp., 5.000%, 12/15/2010 (6) (7)
|
|
|
300,000
|
|
|
|
302,206
|
|
Harley-Davidson Funding Corp., 5.750%, 12/15/2014 (6) (7)
|
|
|
750,000
|
|
|
|
775,281
|
|
Jefferies Group, Inc., 8.500%, 7/15/2019
|
|
|
350,000
|
|
|
|
394,299
|
|
Merrill Lynch & Co., Inc., 6.875%, 4/25/2018 (1)
|
|
|
250,000
|
|
|
|
257,888
|
|
Nomura Holdings, Inc., 6.700%, 3/4/2020 (1)
|
|
|
700,000
|
|
|
|
721,728
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,661,701
|
|
Electric - 3.6%
|
|
|
|
|
|
|
|
|
Allegheny Energy Supply Co. LLC, 6.750%, 10/15/2039 (6) (7)
|
|
|
350,000
|
|
|
|
345,689
|
|
CenterPoint Energy Houston Electric LLC, 7.000%, 3/1/2014
|
|
|
250,000
|
|
|
|
285,716
|
|
Dubai Electricity & Water Authority, 8.500%, 4/22/2015 (1) (6) (7)
|
|
|
1,000,000
|
|
|
|
1,005,529
|
|
Nisource Finance Corp., 6.125%, 3/1/2022
|
|
|
350,000
|
|
|
|
365,469
|
|
|
|
|
|
|
|
|
Progress Energy, Inc., 7.050%, 3/15/2019
|
|
250,000
|
|
|
288,392
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,290,795
|
|
Environmental Control - 0.5%
|
|
|
|
|
|
|
Waste Management, Inc., 7.375%, 3/11/2019
|
|
250,000
|
|
|
299,090
|
|
|
|
|
|
Food - 0.8%
|
|
|
|
|
|
|
Kraft Foods, Inc., 5.375%, 2/10/2020
|
|
500,000
|
|
|
520,255
|
|
|
|
|
|
Forest Products & Paper - 0.5%
|
|
|
|
|
|
|
International Paper Co., 8.700%, 6/15/2038
|
|
250,000
|
|
|
307,470
|
|
|
|
|
|
Healthcare-Products - 2.2%
|
|
|
|
|
|
|
Boston Scientific Corp., 6.000%, 1/15/2020 (1)
|
|
750,000
|
|
|
727,303
|
|
Boston Scientific Corp., 7.000%, 11/15/2035
|
|
350,000
|
|
|
326,673
|
|
Hospira, Inc., 6.400%, 5/15/2015
|
|
300,000
|
|
|
341,485
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,395,461
|
|
Healthcare-Services - 2.2%
|
|
|
|
|
|
|
Humana, Inc., 8.150%, 6/15/2038
|
|
850,000
|
|
|
894,166
|
|
Quest Diagnostics, Inc., 6.400%, 7/1/2017
|
|
150,000
|
|
|
171,461
|
|
UnitedHealth Group, Inc., 1.660%, 2/7/2011 (4)
|
|
350,000
|
|
|
352,157
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,417,784
|
|
Home Furnishings - 0.6%
|
|
|
|
|
|
|
Whirlpool Corp., 8.600%, 5/1/2014 (1)
|
|
300,000
|
|
|
355,807
|
|
|
|
|
|
Insurance - 3.7%
|
|
|
|
|
|
|
Aflac, Inc., 8.500%, 5/15/2019
|
|
300,000
|
|
|
357,311
|
|
Aflac, Inc., 6.900%, 12/17/2039
|
|
295,000
|
|
|
296,039
|
|
American Financial Group, Inc., 9.875%, 6/15/2019
|
|
250,000
|
|
|
297,385
|
|
Berkshire Hathaway Finance Corp., 0.423%, 1/13/2012 (4)
|
|
500,000
|
|
|
499,636
|
|
Berkshire Hathaway, Inc., 3.200%, 2/11/2015
|
|
500,000
|
|
|
512,072
|
|
Marsh & McLennan Cos., Inc., 9.250%, 4/15/2019
|
|
300,000
|
|
|
375,075
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,337,518
|
|
Iron/Steel - 0.5%
|
|
|
|
|
|
|
ArcelorMittal, 7.000%, 10/15/2039
|
|
350,000
|
|
|
338,268
|
|
|
|
|
|
Lodging - 2.0%
|
|
|
|
|
|
|
Wyndham Worldwide Corp., 6.000%, 12/1/2016
|
|
500,000
|
|
|
485,948
|
|
Wyndham Worldwide Corp., 7.375%, 3/1/2020
|
|
750,000
|
|
|
760,250
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,246,198
|
|
Media - 8.7%
|
|
|
|
|
|
|
CBS Corp., 8.875%, 5/15/2019
|
|
250,000
|
|
|
306,512
|
|
Comcast Corp., 6.400%, 3/1/2040 (1)
|
|
1,250,000
|
|
|
1,319,365
|
|
DirecTV Holdings LLC, 6.375%, 6/15/2015 (1)
|
|
1,000,000
|
|
|
1,036,250
|
|
Discovery Communications LLC, 6.350%, 6/1/2040 (5)
|
|
1,000,000
|
|
|
1,010,084
|
|
NBC Universal, Inc., 6.400%, 4/30/2040 (6) (7)
|
|
1,250,000
|
|
|
1,302,077
|
|
Time Warner Entertainment Co. LP, 10.150%, 5/1/2012
|
|
200,000
|
|
|
228,963
|
|
Viacom, Inc., 6.125%, 10/5/2017
|
|
250,000
|
|
|
279,305
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,482,556
|
|
Mining - 2.3%
|
|
|
|
|
|
|
Rio Tinto Finance USA, Ltd., 8.950%, 5/1/2014
|
|
300,000
|
|
|
360,712
|
|
Rio Tinto Finance USA, Ltd., 9.000%, 5/1/2019
|
|
100,000
|
|
|
126,589
|
|
Vale Overseas, Ltd., 6.875%, 11/21/2036
|
|
1,000,000
|
|
|
999,201
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,486,502
|
|
Miscellaneous Manufacturing - 0.7%
|
|
|
|
|
|
|
Tyco Electronics Group SA, 6.550%, 10/1/2017
|
|
130,000
|
|
|
148,665
|
|
Tyco Electronics Group SA, 7.125%, 10/1/2037
|
|
250,000
|
|
|
280,344
|
|
|
|
|
|
|
|
|
|
|
|
|
|
429,009
|
|
Oil & Gas - 5.8%
|
|
|
|
|
|
|
Anadarko Petroleum Corp., 6.450%, 9/15/2036
|
|
1,000,000
|
|
|
949,670
|
|
Hess Corp., 8.125%, 2/15/2019
|
|
300,000
|
|
|
370,833
|
|
Nabors Industries, Inc., 9.250%, 1/15/2019
|
|
250,000
|
|
|
304,869
|
|
Nexen, Inc., 7.500%, 7/30/2039
|
|
350,000
|
|
|
396,114
|
|
Talisman Energy, Inc., 7.750%, 6/1/2019
|
|
300,000
|
|
|
362,129
|
|
|
|
|
|
|
|
|
Valero Energy Corp., 9.375%, 3/15/2019
|
|
250,000
|
|
|
296,510
|
|
Valero Energy Corp., 6.125%, 2/1/2020 (1)
|
|
500,000
|
|
|
506,835
|
|
Valero Energy Corp., 6.625%, 6/15/2037
|
|
500,000
|
|
|
478,824
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,665,784
|
|
Oil & Gas Services - 1.1%
|
|
|
|
|
|
|
Halliburton Co., 7.450%, 9/15/2039
|
|
250,000
|
|
|
294,036
|
|
Weatherford International, Ltd., 9.625%, 3/1/2019
|
|
250,000
|
|
|
306,612
|
|
Weatherford International, Ltd., 9.875%, 3/1/2039
|
|
100,000
|
|
|
130,388
|
|
|
|
|
|
|
|
|
|
|
|
|
|
731,036
|
|
Packaging & Containers - 2.6%
|
|
|
|
|
|
|
Ball Corp., 7.125%, 9/1/2016
|
|
350,000
|
|
|
360,500
|
|
Ball Corp., 6.625%, 3/15/2018
|
|
750,000
|
|
|
735,000
|
|
Bemis Co., Inc., 6.800%, 8/1/2019
|
|
500,000
|
|
|
564,478
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,659,978
|
|
Pharmaceuticals - 2.8%
|
|
|
|
|
|
|
Express Scripts, Inc., 6.250%, 6/15/2014
|
|
250,000
|
|
|
280,697
|
|
McKesson Corp., 7.500%, 2/15/2019
|
|
350,000
|
|
|
425,573
|
|
Pfizer, Inc., 7.200%, 3/15/2039
|
|
150,000
|
|
|
186,238
|
|
Valeant Pharmaceuticals International, 7.625%, 3/15/2020 (6) (7)
|
|
900,000
|
|
|
884,250
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,776,758
|
|
Pipelines - 2.8%
|
|
|
|
|
|
|
Energy Transfer Partners LP, 9.000%, 4/15/2019
|
|
250,000
|
|
|
294,825
|
|
Enterprise Products Operating LLC, 6.450%, 9/1/2040
|
|
1,000,000
|
|
|
1,000,752
|
|
Kinder Morgan Energy Partners LP, 9.000%, 2/1/2019
|
|
150,000
|
|
|
183,633
|
|
TransCanada Pipelines, Ltd., 7.625%, 1/15/2039
|
|
250,000
|
|
|
298,302
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,777,512
|
|
Retail - 2.3%
|
|
|
|
|
|
|
AutoZone, Inc., 5.750%, 1/15/2015 (1)
|
|
400,000
|
|
|
439,922
|
|
JC Penney Corp., Inc., 7.125%, 11/15/2023
|
|
200,000
|
|
|
210,000
|
|
Kohl’s Corp., 6.875%, 12/15/2037 (1)
|
|
150,000
|
|
|
175,621
|
|
Staples, Inc., 9.750%, 1/15/2014
|
|
250,000
|
|
|
306,407
|
|
TJX Cos., Inc., 6.950%, 4/15/2019
|
|
250,000
|
|
|
303,022
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,434,972
|
|
Semiconductors - 0.2%
|
|
|
|
|
|
|
Kla-Tencor Corp., 6.900%, 5/1/2018
|
|
100,000
|
|
|
110,451
|
|
|
|
|
|
Sovereign - 1.6%
|
|
|
|
|
|
|
Qatar Govt International Bond, 6.400%, 1/20/2040 (6) (7)
|
|
500,000
|
|
|
520,000
|
|
South Africa Government International Bond, 5.500%, 3/9/2020
|
|
500,000
|
|
|
506,250
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,026,250
|
|
Telecommunications - 5.3%
|
|
|
|
|
|
|
AT&T, Inc., 6.400%, 5/15/2038
|
|
600,000
|
|
|
635,097
|
|
British Telecommunications PLC, 5.950%, 1/15/2018
|
|
250,000
|
|
|
258,823
|
|
Telecom Italia Capital SA, 7.721%, 6/4/2038 (1)
|
|
1,000,000
|
|
|
1,026,070
|
|
TELUS Corp., 8.000%, 6/1/2011
|
|
250,000
|
|
|
266,559
|
|
Vodafone Group PLC, 0.597%, 6/15/2011 (4)
|
|
150,000
|
|
|
149,948
|
|
Vodafone Group PLC, 6.150%, 2/27/2037 (5)
|
|
1,000,000
|
|
|
1,021,488
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,357,985
|
|
Transportation - 0.5%
|
|
|
|
|
|
|
FedEx Corp., 8.000%, 1/15/2019
|
|
250,000
|
|
|
309,386
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Corporate Bonds & Notes
(identified cost $42,134,861)
|
|
|
|
|
45,163,833
|
|
|
|
|
|
U.S. Government & U.S. Government Agency Obligations - 0.9%
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury Bonds & Notes - 0.9%
|
|
|
|
|
|
|
2.125%, 1/15/2019 (1)
|
|
506,760
|
|
|
545,757
|
|
|
|
|
|
|
|
|
|
|
|
|
Total U.S. Government & U.S. Government Agency Obligations
(identified cost $541,334)
|
|
|
|
|
545,757
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-Term Investments - 38.6%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Collateral Pool Investment for Securities on Loan - 16.3%
(See Note 2 of the Schedule of
Investments)
|
|
|
|
|
|
|
10,269,767
|
|
|
|
|
|
|
Commercial Paper - 9.5%
|
|
|
|
|
|
|
|
|
|
Du Pont Ei De Nemours Co., 0.160%, 6/17/2010 (11)
|
|
|
2,000,000
|
|
|
|
1,999,858
|
|
|
Hewlett Packard Co., 0.021%, 7/7/2010 (11)
|
|
|
2,000,000
|
|
|
|
1,999,580
|
|
|
Oracle Corp., 0.021%, 6/11/2010 (11)
|
|
|
2,000,000
|
|
|
|
1,999,877
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,999,315
|
|
|
Mutual Funds - 8.1%
|
|
|
|
|
|
|
|
|
|
Marshall Prime Money Market Fund, Class I, 0.180% (13)
|
|
|
5,130,247
|
|
|
|
5,130,247
|
|
|
|
|
|
|
U.S. Treasury Bills - 4.7%
|
|
|
|
|
|
|
|
|
|
0.016%, 8/5/2010 (1) (11)
|
|
$
|
3,000,000
|
|
|
|
2,999,268
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments
(identified cost $24,398,492)
|
|
|
|
|
|
|
24,398,597
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments - 118.3%
(identified cost $71,713,281)
|
|
|
|
|
|
|
74,740,846
|
|
|
Other Assets and Liabilities - (18.3)%
|
|
|
|
|
|
|
(11,587,801
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Assets - 100.0%
|
|
|
|
|
|
$
|
63,153,045
|
|
|
|
|
|
|
|
|
|
|
|
Aggregate Bond Fund
SCHEDULE OF INVESTMENTS - As of May 31, 2010
(Unaudited)
|
|
|
|
|
|
|
|
|
|
Description/Credit Ratings
(8)
|
|
Principal
Amount
|
|
|
Value
|
|
Collateralized Mortgage Obligations - 3.3%
|
|
|
|
|
|
|
|
|
|
|
|
|
Federal National Mortgage Association - 1.3%
|
|
|
|
|
|
|
|
|
5.500%, 3/25/2025, (Series 2006-12)
|
|
$
|
589,010
|
|
|
$
|
595,463
|
|
5.500%, 8/25/2034, (Series 2005-123)
|
|
|
3,000,000
|
|
|
|
3,260,073
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,855,536
|
|
Private Sponsor - 2.0%
|
|
|
|
|
|
|
|
|
Chase Mortgage Finance Corp., Class 7A1, (Series 2007-A2), 5.860%, 7/25/2037 (4)
|
|
|
3,560,037
|
|
|
|
3,352,191
|
|
JP Morgan Mortgage Trust, Class 2A1, (Series 2006-A3), 5.556%, 5/25/2036 (4)
|
|
|
1,031,465
|
|
|
|
923,073
|
|
PHH Alternative Mortgage Trust, Class 1A1, (Series 2007-2), 0.453%, 5/25/2037 (4)
|
|
|
632,548
|
|
|
|
597,460
|
|
Wells Fargo Mortgage Backed Securities Trust, Class 2A4, (Series 2006-AR8), 4.759%, 4/25/2036 (4)
|
|
|
964,888
|
|
|
|
915,224
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,787,948
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Collateralized Mortgage Obligations
(identified cost $9,572,793)
|
|
|
|
|
|
|
9,643,484
|
|
|
|
|
|
Commercial Mortgage Securities - 6.5%
|
|
|
|
|
|
|
|
|
|
|
|
|
Private Sponsor - 6.5%
|
|
|
|
|
|
|
|
|
Bear Stearns Commercial Mortgage Securities, Class AM, (Series 2007-PW17), 5.915%, 6/11/2050 (4)
|
|
|
3,000,000
|
|
|
|
2,536,776
|
|
Commercial Mortgage Pass-Through Certificates, Class A2, (Series 2006-FL12), 0.437%,
12/15/2020 (4) (6) (7)
|
|
|
2,517,370
|
|
|
|
2,391,033
|
|
Credit Suisse Mortgage Capital Certificates, Class A1, (Series 2007-TFLA), 0.407%,
2/15/2022 (4) (6) (7)
|
|
|
2,689,228
|
|
|
|
2,483,392
|
|
Credit Suisse Mortgage Capital Certificates, Class AM, (Series 2007-C5), 5.869%, 9/15/2040 (4)
|
|
|
3,000,000
|
|
|
|
1,938,345
|
|
GS Mortgage Securities Corp. II, Class A2, (Series 2007-EOP), 0.415%, 3/6/2020 (4) (6) (7)
|
|
|
2,500,000
|
|
|
|
2,391,783
|
|
JP Morgan Chase Commercial Mortgage Securities Corp., Class A1, (Series 2007-FL1A), 0.712%, 7/15/2019 (4) (6) (7)
|
|
|
2,523,947
|
|
|
|
2,189,640
|
|
Lehman Brothers Commercial Mortgage Trust, Class A1, (Series 2007-LLFA), 0.637%,
6/15/2022 (4) (6) (7)
|
|
|
3,719,718
|
|
|
|
3,429,383
|
|
Merrill Lynch/Countrywide Commercial Mortgage Trust, Class AM, (Series 2007-9), 5.856%, 9/12/2049 (4)
|
|
|
2,000,000
|
|
|
|
1,617,014
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Commercial Mortgage Securities
(identified cost $20,767,220)
|
|
|
|
|
|
|
18,977,366
|
|
|
|
|
|
Corporate Bonds & Notes - 29.1%
|
|
|
|
|
|
|
|
|
|
|
|
|
Advertising - 0.8%
|
|
|
|
|
|
|
|
|
WPP Finance UK, 8.000%, 9/15/2014 (1)
|
|
|
2,000,000
|
|
|
|
2,342,706
|
|
|
|
|
|
Banks - 11.2%
|
|
|
|
|
|
|
|
|
Abbey National Treasury Services PLC/London, 3.875%, 11/10/2014 (6) (7)
|
|
|
1,500,000
|
|
|
|
1,477,977
|
|
ANZ National Int’l, Ltd./London, 2.375%, 12/21/2012 (1) (6) (7)
|
|
|
3,000,000
|
|
|
|
3,016,107
|
|
Australia & New Zealand Banking Group, Ltd., 3.700%, 1/13/2015 (6) (7)
|
|
|
2,000,000
|
|
|
|
2,021,518
|
|
Banco Santander Chile, 2.875%, 11/13/2012 (6) (7)
|
|
|
2,000,000
|
|
|
|
1,976,516
|
|
Bank of New York Mellon Corp., 5.125%, 8/27/2013
|
|
|
2,000,000
|
|
|
|
2,189,424
|
|
Barclays Bank PLC, 3.900%, 4/7/2015
|
|
|
3,000,000
|
|
|
|
2,935,854
|
|
BB&T Corp., 3.850%, 7/27/2012
|
|
|
3,000,000
|
|
|
|
3,101,115
|
|
Citigroup, Inc., 4.750%, 5/19/2015 (1)
|
|
|
2,000,000
|
|
|
|
1,977,480
|
|
Commonwealth Bank of Australia, 5.000%, 10/15/2019 (1) (6) (7)
|
|
|
1,500,000
|
|
|
|
1,523,691
|
|
Credit Suisse/New York, 3.450%, 7/2/2012
|
|
|
3,000,000
|
|
|
|
3,099,246
|
|
Goldman Sachs Group, Inc., 6.000%, 6/15/2020 (5)
|
|
|
2,500,000
|
|
|
|
2,532,528
|
|
Rabobank Nederland NV, 3.200%, 3/11/2015 (6) (7)
|
|
|
1,800,000
|
|
|
|
1,809,383
|
|
Santander Issuances SA Unipersonal, 6.500%, 8/11/2019 (4) (6) (7)
|
|
|
1,500,000
|
|
|
|
1,568,601
|
|
Santander U.S. Debt SA Unipersonal, 1.089%, 3/30/2012 (4) (6) (7)
|
|
|
2,500,000
|
|
|
|
2,424,645
|
|
Standard Chartered PLC, 3.850%, 4/27/2015 (1) (6) (7)
|
|
|
1,000,000
|
|
|
|
977,209
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
32,631,294
|
|
|
|
|
|
|
|
|
Biotechnology - 0.7%
|
|
|
|
|
|
|
Life Technologies Corp., 6.000%, 3/1/2020
|
|
2,000,000
|
|
|
2,121,654
|
|
|
|
|
|
Building Materials - 1.9%
|
|
|
|
|
|
|
CRH America, Inc., 6.000%, 9/30/2016
|
|
3,000,000
|
|
|
3,270,834
|
|
Holcim U.S. Finance Sarl & Cie SCS, 6.000%, 12/30/2019 (6) (7)
|
|
2,000,000
|
|
|
2,115,054
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,385,888
|
|
|
|
|
|
Diversified Financial Services - 2.8%
|
|
|
|
|
|
|
American Honda Finance Corp., 6.700%, 10/1/2013 (6) (7)
|
|
2,000,000
|
|
|
2,266,630
|
|
General Electric Capital Corp., 5.875%, 1/14/2038 (1)
|
|
2,000,000
|
|
|
1,878,090
|
|
Genworth Global Funding Trusts, 5.200%, 10/8/2010
|
|
2,000,000
|
|
|
2,022,348
|
|
Invesco, Ltd., 5.375%, 12/15/2014
|
|
1,958,000
|
|
|
2,003,813
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,170,881
|
|
|
|
|
|
Food - 0.6%
|
|
|
|
|
|
|
Kraft Foods, Inc., 5.375%, 2/10/2020 (1)
|
|
1,500,000
|
|
|
1,560,767
|
|
|
|
|
|
Healthcare-Products - 1.8%
|
|
|
|
|
|
|
Boston Scientific Corp., 6.000%, 1/15/2020 (1)
|
|
2,000,000
|
|
|
1,939,474
|
|
CareFusion Corp., 5.125%, 8/1/2014
|
|
3,000,000
|
|
|
3,223,800
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,163,274
|
|
|
|
|
|
Home Furnishings - 0.8%
|
|
|
|
|
|
|
Whirlpool Corp., 8.000%, 5/1/2012
|
|
2,000,000
|
|
|
2,192,772
|
|
|
|
|
|
Insurance - 3.7%
|
|
|
|
|
|
|
Berkshire Hathaway, Inc., 0.858%, 2/11/2013 (4)
|
|
2,000,000
|
|
|
1,994,128
|
|
Berkshire Hathaway, Inc., 3.200%, 2/11/2015
|
|
1,500,000
|
|
|
1,536,218
|
|
Genworth Life Institutional Funding Trust, 5.875%, 5/3/2013 (6) (7)
|
|
2,000,000
|
|
|
2,085,404
|
|
Metropolitan Life Global Funding I, 0.698%, 7/13/2011 (4) (6) (7)
|
|
2,500,000
|
|
|
2,497,245
|
|
Progressive Corp., 6.700%, 6/15/2037 (4)
|
|
3,000,000
|
|
|
2,740,830
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,853,825
|
|
|
|
|
|
Iron/Steel - 0.7%
|
|
|
|
|
|
|
ArcelorMittal, 5.375%, 6/1/2013 (1)
|
|
2,000,000
|
|
|
2,087,382
|
|
|
|
|
|
Media - 1.1%
|
|
|
|
|
|
|
NBC Universal, Inc., 5.150%, 4/30/2020 (1) (6) (7)
|
|
1,000,000
|
|
|
1,022,940
|
|
NBC Universal, Inc., 6.400%, 4/30/2040 (1) (6) (7)
|
|
2,000,000
|
|
|
2,083,324
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,106,264
|
|
|
|
|
|
Pipelines - 1.7%
|
|
|
|
|
|
|
Enbridge Energy Partners LP, 5.200%, 3/15/2020 (1)
|
|
2,000,000
|
|
|
2,018,472
|
|
Enterprise Products Operating LLC, 5.200%, 9/1/2020 (1)
|
|
2,000,000
|
|
|
2,004,054
|
|
TransCanada PipeLines, Ltd., 6.100%, 6/1/2040 (5)
|
|
1,000,000
|
|
|
994,950
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,017,476
|
|
|
|
|
|
Real Estate Investment Trusts - 0.6%
|
|
|
|
|
|
|
ProLogis, 6.250%, 3/15/2017
|
|
1,800,000
|
|
|
1,733,099
|
|
|
|
|
|
Toys/Games/Hobbies - 0.7%
|
|
|
|
|
|
|
Hasbro, Inc., 6.350%, 3/15/2040
|
|
2,000,000
|
|
|
2,083,530
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Corporate Bonds & Notes
(identified cost $82,046,980)
|
|
|
|
|
84,450,812
|
|
|
|
|
|
Municipals - 2.1%
|
|
|
|
|
|
|
|
|
|
|
California - 0.7%
|
|
|
|
|
|
|
State of California, General Obligation, GO UT, 6.650%, 3/1/2022 A-/A1
|
|
2,000,000
|
|
|
2,096,620
|
|
|
|
|
|
Georgia - 0.7%
|
|
|
|
|
|
|
Municipal Electric Authority of Georgia, Power, Revenue Bonds, 6.655%, 4/1/2057 A+/A2
|
|
2,000,000
|
|
|
2,017,280
|
|
|
|
|
|
Ohio - 0.7%
|
|
|
|
|
|
|
Olentangy Local School District, School District, GO UT, 6.190%, 12/1/2036 AA+/Aa1; Call Date 12/1/2019
|
|
1,900,000
|
|
|
1,949,324
|
|
|
|
|
|
|
|
|
Total Municipals
(identified cost $5,934,924)
|
|
|
|
|
6,063,224
|
|
|
|
|
|
|
|
|
|
|
U.S. Government & U.S. Government Agency Obligations - 26.3%
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury Bonds & Notes - 26.3%
|
|
|
|
|
|
|
|
|
1.375%, 11/15/2012 (1)
|
|
25,000,000
|
|
|
|
25,216,800
|
|
|
2.500%, 4/30/2015 (1)
|
|
15,000,000
|
|
|
|
15,304,695
|
|
|
3.125%, 4/30/2017 (1)
|
|
15,000,000
|
|
|
|
15,367,965
|
|
|
3.500%, 5/15/2020 (1)
|
|
15,000,000
|
|
|
|
15,250,755
|
|
|
4.625%, 2/15/2040 (1)
|
|
5,000,000
|
|
|
|
5,339,845
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total U.S. Government & U.S. Government Agency Obligations
(identified cost $76,730,706)
|
|
|
|
|
|
76,480,060
|
|
|
|
|
|
|
U.S. Government Agency-Mortgage Securities - 12.9%
|
|
|
|
|
|
|
|
|
|
|
|
|
Federal National Mortgage Association - 12.9%
|
|
|
|
|
|
|
|
|
4.500%, 6/14/2040 (5)
|
|
10,000,000
|
|
|
|
10,206,250
|
|
|
5.000%, 7/1/2022
|
|
3,586,809
|
|
|
|
3,815,504
|
|
|
5.000%, 1/1/2037 (1)
|
|
5,830,715
|
|
|
|
6,114,928
|
|
|
5.000%, 6/1/2039 (1)
|
|
4,548,764
|
|
|
|
4,766,222
|
|
|
5.500%, 5/1/2037 (1)
|
|
9,631,570
|
|
|
|
10,278,099
|
|
|
5.500%, 7/1/2038
|
|
1,340,348
|
|
|
|
1,430,320
|
|
|
6.500%, 11/1/2037
|
|
766,187
|
|
|
|
829,008
|
|
|
|
|
|
|
|
|
|
|
|
Total U.S. Government Agency-Mortgage Securities
(identified cost $34,998,080)
|
|
|
|
|
|
37,440,331
|
|
|
|
|
|
|
Short-Term Investments - 63.7%
|
|
|
|
|
|
|
|
|
|
|
|
|
Collateral Pool Investment for Securities on Loan - 39.3%
(See Note 2 of the Schedule of
Investments)
|
|
|
|
|
|
114,274,246
|
|
|
|
|
|
|
Repurchase Agreement - 24.4%
|
|
|
|
|
|
|
|
|
Agreement with Morgan Stanley & Co., Inc., 0.180%, dated 5/28/2010, to be
repurchased at $71,049,072 on 6/1/2010,
collateralized by U.S. Government
Agency Obligations with various maturities to 1/8/2024, with a market value of
$73,127,928 (at amortized cost)
|
|
71,047,651
|
|
|
|
71,047,651
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments
(identified cost $185,321,897)
|
|
|
|
|
|
185,321,897
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments - 143.9%
(identified cost $415,372,600)
|
|
|
|
|
|
418,377,174
|
|
|
|
|
|
|
Other Assets and Liabilities - (43.9)%
|
|
|
|
|
|
(127,607,892
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Assets - 100.0%
|
|
|
|
|
$
|
290,769,282
|
|
|
|
|
|
|
|
|
|
|
Core Plus Bond Fund
SCHEDULE OF INVESTMENTS - As of May 31, 2010
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
Description
|
|
Shares or
Principal
Amount
|
|
|
Value
|
|
Asset-Backed Securities - 6.5%
|
|
|
|
|
|
|
|
|
Automobiles — 6.5%
|
|
|
|
|
|
|
|
|
Capital One Prime Auto Receivables Trust, Class A4, (Series 2006-2), 4.940%, 7/15/2012
|
|
$
|
795,801
|
|
|
$
|
802,183
|
|
DaimlerChrysler Auto Trust, Class A4, (Series 2006-B), 5.380%, 3/8/2011
|
|
|
130,190
|
|
|
|
130,357
|
|
Ford Credit Auto Owner Trust, Class A3A, (Series 2008-B), 4.280%, 5/15/2012
|
|
|
1,109,434
|
|
|
|
1,126,612
|
|
GS Auto Loan Trust, Class A4, (Series 2006-1), 5.380%, 1/15/2014
|
|
|
1,167,303
|
|
|
|
1,173,380
|
|
Nissan Auto Receivables Owner Trust, Class A3, (Series 2008-B), 4.460%, 4/16/2012
|
|
|
695,092
|
|
|
|
707,606
|
|
Nissan Auto Receivables Owner Trust, Class A4, (Series 2006-C), 5.450%, 6/15/2012
|
|
|
619,348
|
|
|
|
624,862
|
|
USAA Auto Owner Trust, Class A3, (Series 2007-2), 4.900%, 2/15/2012
|
|
|
115,447
|
|
|
|
116,078
|
|
|
|
|
|
|
|
|
|
|
Total Asset-Backed Securities
(identified cost $4,709,904)
|
|
|
|
|
|
|
4,681,078
|
|
|
|
|
|
Commercial Mortgage Securities - 3.5%
|
|
|
|
|
|
|
|
|
|
|
|
|
Private Sponsor - 3.5%
|
|
|
|
|
|
|
|
|
Bear Stearns Commercial Mortgage Securities, Class A4, (Series 2007-T28), 5.742%, 9/11/2042 (4)
|
|
|
500,000
|
|
|
|
513,597
|
|
CS First Boston Mortgage Securities Corp., Class A2, (Series 2005-C5), 5.100%, 8/15/2038 (4)
|
|
|
994,859
|
|
|
|
999,806
|
|
JP Morgan Chase Commercial Mortgage Securities Corp., Class A2, (Series 2005-CB13), 5.247%, 1/12/2043
|
|
|
1,000,000
|
|
|
|
1,008,214
|
|
|
|
|
|
|
|
|
|
|
Total Commercial Mortgage Securities
(identified cost $2,224,389)
|
|
|
|
|
|
|
2,521,617
|
|
|
|
|
|
Corporate Bonds & Notes - 57.2%
|
|
|
|
|
|
|
|
|
|
|
|
|
Aerospace/Defense - 0.7%
|
|
|
|
|
|
|
|
|
Embraer Overseas, Ltd., 6.375%, 1/15/2020
|
|
|
500,000
|
|
|
|
503,750
|
|
|
|
|
|
Agriculture - 3.7%
|
|
|
|
|
|
|
|
|
Altria Group, Inc., 10.200%, 2/6/2039
|
|
|
250,000
|
|
|
|
323,777
|
|
Bunge, Ltd. Finance Corp., 8.500%, 6/15/2019
|
|
|
500,000
|
|
|
|
583,274
|
|
Lorillard Tobacco Co., 8.125%, 5/1/2040
|
|
|
1,000,000
|
|
|
|
991,973
|
|
Reynolds American, Inc., 7.750%, 6/1/2018
|
|
|
650,000
|
|
|
|
752,916
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,651,940
|
|
Auto Manufacturers - 0.7%
|
|
|
|
|
|
|
|
|
Daimler Finance North America LLC, 8.000%, 6/15/2010
|
|
|
500,000
|
|
|
|
501,033
|
|
|
|
|
|
Banks - 3.9%
|
|
|
|
|
|
|
|
|
Discover Bank, 7.000%, 4/15/2020
|
|
|
1,000,000
|
|
|
|
987,366
|
|
Goldman Sachs Group, Inc., 7.500%, 2/15/2019
|
|
|
700,000
|
|
|
|
774,081
|
|
JPMorgan Chase & Co., 1.160%, 2/26/2013 (4)
|
|
|
500,000
|
|
|
|
499,430
|
|
Korea Development Bank/Republic of Korea, 4.375%, 8/10/2015 (1)
|
|
|
500,000
|
|
|
|
498,458
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,759,335
|
|
Beverages - 1.0%
|
|
|
|
|
|
|
|
|
PepsiCo, Inc., 0.333%, 7/15/2011 (4)
|
|
|
750,000
|
|
|
|
750,334
|
|
|
|
|
|
Chemicals - 0.9%
|
|
|
|
|
|
|
|
|
Dow Chemical Co., 9.400%, 5/15/2039
|
|
|
500,000
|
|
|
|
656,094
|
|
|
|
|
|
Diversified Financial Services - 5.1%
|
|
|
|
|
|
|
|
|
Blackstone Holdings Finance Co. LLC, 6.625%, 8/15/2019 (6) (7)
|
|
|
400,000
|
|
|
|
418,152
|
|
Caterpillar Financial Services Corp., 1.035%, 6/24/2011 (4)
|
|
|
250,000
|
|
|
|
251,781
|
|
General Electric Capital Corp., 6.875%, 1/10/2039 (1)
|
|
|
500,000
|
|
|
|
533,344
|
|
Harley-Davidson Funding Corp., 5.000%, 12/15/2010 (6) (7)
|
|
|
500,000
|
|
|
|
503,676
|
|
Harley-Davidson Funding Corp., 5.750%, 12/15/2014 (6) (7)
|
|
|
600,000
|
|
|
|
620,225
|
|
Jefferies Group, Inc., 8.500%, 7/15/2019
|
|
|
350,000
|
|
|
|
394,299
|
|
Merrill Lynch & Co., Inc., 6.875%, 4/25/2018 (1)
|
|
|
250,000
|
|
|
|
257,888
|
|
|
|
|
|
|
|
|
Nomura Holdings, Inc., 6.700%, 3/4/2020 (1)
|
|
650,000
|
|
|
670,176
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,649,541
|
|
Electric - 3.1%
|
|
|
|
|
|
|
Allegheny Energy Supply Co. LLC, 6.750%, 10/15/2039 (6) (7)
|
|
250,000
|
|
|
246,921
|
|
CenterPoint Energy Houston Electric LLC, 7.000%, 3/1/2014
|
|
250,000
|
|
|
285,715
|
|
Dubai Electricity & Water Authority, 8.500%, 4/22/2015 (6) (7)
|
|
1,000,000
|
|
|
1,005,529
|
|
Nisource Finance Corp., 6.125%, 3/1/2022
|
|
400,000
|
|
|
417,679
|
|
Progress Energy, Inc., 7.050%, 3/15/2019
|
|
250,000
|
|
|
288,392
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,244,236
|
|
Environmental Control - 0.4%
|
|
|
|
|
|
|
Waste Management, Inc., 7.375%, 3/11/2019
|
|
250,000
|
|
|
299,090
|
|
Food - 0.7%
|
|
|
|
|
|
|
Kraft Foods, Inc., 5.375%, 2/10/2020
|
|
500,000
|
|
|
520,256
|
|
|
|
|
|
Forest Products & Paper - 0.4%
|
|
|
|
|
|
|
International Paper Co., 8.700%, 6/15/2038
|
|
250,000
|
|
|
307,471
|
|
|
|
|
|
Healthcare-Products - 1.8%
|
|
|
|
|
|
|
Boston Scientific Corp., 6.000%, 1/15/2020 (1)
|
|
500,000
|
|
|
484,868
|
|
Boston Scientific Corp., 7.000%, 11/15/2035
|
|
250,000
|
|
|
233,338
|
|
Hospira, Inc., 6.400%, 5/15/2015
|
|
500,000
|
|
|
569,141
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,287,347
|
|
Healthcare-Services - 1.8%
|
|
|
|
|
|
|
Humana, Inc., 8.150%, 6/15/2038
|
|
500,000
|
|
|
525,980
|
|
Quest Diagnostics, Inc., 6.400%, 7/1/2017
|
|
250,000
|
|
|
285,768
|
|
UnitedHealth Group, Inc., 1.660%, 2/7/2011 (4)
|
|
450,000
|
|
|
452,773
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,264,521
|
|
Home Furnishings - 1.2%
|
|
|
|
|
|
|
Whirlpool Corp., 8.600%, 5/1/2014
|
|
700,000
|
|
|
830,216
|
|
|
|
|
|
Insurance - 2.9%
|
|
|
|
|
|
|
Aflac, Inc., 8.500%, 5/15/2019
|
|
700,000
|
|
|
833,724
|
|
American Financial Group, Inc., 9.875%, 6/15/2019
|
|
250,000
|
|
|
297,385
|
|
Berkshire Hathaway Finance Corp., 0.423%, 1/13/2012 (4)
|
|
500,000
|
|
|
499,636
|
|
Marsh & McLennan Cos., Inc., 9.250%, 4/15/2019
|
|
350,000
|
|
|
437,588
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,068,333
|
|
Iron/Steel - 0.7%
|
|
|
|
|
|
|
ArcelorMittal, 7.000%, 10/15/2039
|
|
500,000
|
|
|
483,240
|
|
|
|
|
|
Lodging - 1.3%
|
|
|
|
|
|
|
Wyndham Worldwide Corp., 6.000%, 12/1/2016
|
|
400,000
|
|
|
388,758
|
|
Wyndham Worldwide Corp., 7.375%, 3/1/2020
|
|
500,000
|
|
|
506,834
|
|
|
|
|
|
|
|
|
|
|
|
|
|
895,592
|
|
Media - 4.5%
|
|
|
|
|
|
|
CBS Corp., 8.875%, 5/15/2019
|
|
500,000
|
|
|
613,025
|
|
DirecTV Holdings LLC, 6.375%, 6/15/2015
|
|
500,000
|
|
|
518,125
|
|
Discovery Communications LLC, 6.350%, 6/1/2040 (5)
|
|
500,000
|
|
|
505,042
|
|
NBC Universal, Inc., 6.400%, 4/30/2040 (6) (7)
|
|
1,000,000
|
|
|
1,041,662
|
|
Time Warner Entertainment Co. LP, 10.150%, 5/1/2012
|
|
250,000
|
|
|
286,203
|
|
Viacom, Inc., 6.125%, 10/5/2017
|
|
250,000
|
|
|
279,305
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,243,362
|
|
Mining - 1.8%
|
|
|
|
|
|
|
Rio Tinto Finance USA, Ltd., 8.950%, 5/1/2014
|
|
350,000
|
|
|
420,830
|
|
Rio Tinto Finance USA, Ltd., 9.000%, 5/1/2019
|
|
400,000
|
|
|
506,357
|
|
Vale Overseas, Ltd., 6.875%, 11/10/2039
|
|
375,000
|
|
|
375,396
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,302,583
|
|
Miscellaneous Manufacturing - 0.8%
|
|
|
|
|
|
|
Tyco Electronics Group SA, 7.125%, 10/1/2037
|
|
500,000
|
|
|
560,688
|
|
Oil & Gas - 5.6%
|
|
|
|
|
|
|
Anadarko Petroleum Corp., 6.450%, 9/15/2036
|
|
500,000
|
|
|
474,835
|
|
Ecopetrol SA, 7.625%, 7/23/2019
|
|
500,000
|
|
|
558,750
|
|
|
|
|
|
|
|
|
|
|
Hess Corp., 8.125%, 2/15/2019
|
|
250,000
|
|
|
309,028
|
|
Nabors Industries, Inc., 9.250%, 1/15/2019
|
|
250,000
|
|
|
304,869
|
|
Nexen, Inc., 7.500%, 7/30/2039
|
|
650,000
|
|
|
735,641
|
|
Talisman Energy, Inc., 7.750%, 6/1/2019
|
|
700,000
|
|
|
844,966
|
|
Valero Energy Corp., 9.375%, 3/15/2019
|
|
250,000
|
|
|
296,510
|
|
Valero Energy Corp., 6.125%, 2/1/2020 (1)
|
|
500,000
|
|
|
506,834
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,031,433
|
|
Oil & Gas Services - 0.8%
|
|
|
|
|
|
|
Halliburton Co., 7.450%, 9/15/2039
|
|
250,000
|
|
|
294,036
|
|
Weatherford International, Ltd., 9.625%, 3/1/2019
|
|
250,000
|
|
|
306,612
|
|
|
|
|
|
|
|
|
|
|
|
|
|
600,648
|
|
Packaging & Containers - 2.1%
|
|
|
|
|
|
|
Ball Corp., 7.125%, 9/1/2016
|
|
150,000
|
|
|
154,500
|
|
Ball Corp., 6.625%, 3/15/2018
|
|
500,000
|
|
|
490,000
|
|
Bemis Co., Inc., 6.800%, 8/1/2019
|
|
750,000
|
|
|
846,717
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,491,217
|
|
Pharmaceuticals - 2.2%
|
|
|
|
|
|
|
Express Scripts, Inc., 6.250%, 6/15/2014
|
|
500,000
|
|
|
561,394
|
|
McKesson Corp., 7.500%, 2/15/2019
|
|
350,000
|
|
|
425,573
|
|
Valeant Pharmaceuticals International, 7.625%, 3/15/2020 (6) (7)
|
|
600,000
|
|
|
589,500
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,576,467
|
|
Pipelines - 2.0%
|
|
|
|
|
|
|
Energy Transfer Partners LP, 9.000%, 4/15/2019
|
|
250,000
|
|
|
294,825
|
|
Enterprise Products Operating LLC, 6.450%, 9/1/2040
|
|
500,000
|
|
|
500,376
|
|
Kinder Morgan Energy Partners LP, 9.000%, 2/1/2019
|
|
250,000
|
|
|
306,055
|
|
TransCanada Pipelines, Ltd., 7.625%, 1/15/2039
|
|
250,000
|
|
|
298,302
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,399,558
|
|
Retail - 1.8%
|
|
|
|
|
|
|
AutoZone, Inc., 5.750%, 1/15/2015 (1)
|
|
600,000
|
|
|
659,883
|
|
JC Penney Corp., Inc., 7.125%, 11/15/2023
|
|
300,000
|
|
|
315,000
|
|
Staples, Inc., 9.750%, 1/15/2014
|
|
250,000
|
|
|
306,407
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,281,290
|
|
Semiconductors - 0.2%
|
|
|
|
|
|
|
Kla-Tencor Corp., 6.900%, 5/1/2018
|
|
100,000
|
|
|
110,451
|
|
|
|
|
|
Sovereign - 2.5%
|
|
|
|
|
|
|
Korea Expressway Corp., 4.500%, 3/23/2015 (6) (7)
|
|
500,000
|
|
|
502,847
|
|
Qatar Govt International Bond, 6.400%, 1/20/2040 (6) (7)
|
|
750,000
|
|
|
780,000
|
|
South Africa Government International Bond, 5.500%, 3/9/2020
|
|
500,000
|
|
|
506,250
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,789,097
|
|
Telecommunications - 2.2%
|
|
|
|
|
|
|
British Telecommunications PLC, 5.950%, 1/15/2018
|
|
200,000
|
|
|
207,059
|
|
Telecom Italia Capital SA, 7.721%, 6/4/2038 (1)
|
|
500,000
|
|
|
513,035
|
|
TELUS Corp., 8.000%, 6/1/2011
|
|
100,000
|
|
|
106,623
|
|
Vodafone Group PLC, 0.597%, 6/15/2011 (4)
|
|
250,000
|
|
|
249,914
|
|
Vodafone Group PLC, 6.150%, 2/27/2037 (5)
|
|
500,000
|
|
|
510,744
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,587,375
|
|
Transportation - 0.4%
|
|
|
|
|
|
|
FedEx Corp., 8.000%, 1/15/2019
|
|
250,000
|
|
|
309,386
|
|
|
|
|
|
|
|
|
Total Corporate Bonds & Notes
(identified cost $37,064,121)
|
|
|
|
|
40,955,884
|
|
|
|
|
|
U.S. Government & U.S. Government Agency Obligations - 15.3%
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury Bonds & Notes - 15.3%
|
|
|
|
|
|
|
2.000%, 4/15/2012 (1)
|
|
1,072,350
|
|
|
1,109,966
|
|
2.125%, 1/15/2019 (1)
|
|
1,520,280
|
|
|
1,637,270
|
|
2.375%, 4/15/2011 (1)
|
|
1,644,465
|
|
|
1,674,143
|
|
3.500%, 1/15/2011
|
|
1,875,390
|
|
|
1,910,846
|
|
3.500%, 2/15/2018
|
|
1,500,000
|
|
|
1,561,641
|
|
3.875%, 7/15/2010 (1)
|
|
2,000,000
|
|
|
2,009,298
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.375%, 2/15/2038
|
|
|
500,000
|
|
|
|
513,672
|
|
|
4.500%, 2/15/2036 (1)
|
|
|
500,000
|
|
|
|
526,172
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,943,008
|
|
|
|
|
|
|
|
|
|
|
|
|
Total U.S. Government & U.S. Government Agency Obligations
(identified cost
$10,964,300)
|
|
|
|
|
|
|
10,943,008
|
|
|
|
|
|
|
U.S. Government Agency-Mortgage Securities - 9.6%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Federal Home Loan Mortgage Corporation - 2.0%
|
|
|
|
|
|
|
|
|
|
5.000%, 2/1/2039
|
|
|
1,394,345
|
|
|
|
1,462,592
|
|
|
Federal National Mortgage Association - 2.2%
|
|
|
|
|
|
|
|
|
|
6.000%, 12/1/2038
|
|
|
702,999
|
|
|
|
758,415
|
|
|
6.500%, 10/1/2037
|
|
|
712,807
|
|
|
|
777,823
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,536,238
|
|
|
Government National Mortgage Association - 5.4%
|
|
|
|
|
|
|
|
|
|
5.500%, 2/15/2039
|
|
|
1,153,380
|
|
|
|
1,240,075
|
|
|
6.000%, 10/15/2038
|
|
|
454,114
|
|
|
|
492,133
|
|
|
6.000%, 12/15/2038
|
|
|
1,220,266
|
|
|
|
1,322,428
|
|
|
6.000%, 1/15/2039
|
|
|
751,968
|
|
|
|
814,923
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,869,559
|
|
|
|
|
|
|
|
|
|
|
|
|
Total U.S. Government Agency-Mortgage Securities
(identified cost $6,606,616)
|
|
|
|
|
|
|
6,868,389
|
|
|
Short-Term Investments - 23.7%
|
|
|
|
|
|
|
|
|
|
Collateral Pool Investment for Securities on Loan - 15.4%
(See Note 2 of the Schedule of
Investments)
|
|
|
|
|
|
|
11,023,790
|
|
|
|
|
|
|
Mutual Funds - 4.1%
|
|
|
|
|
|
|
|
|
|
Marshall Prime Money Market Fund, Class I, 0.180% (13)
|
|
|
2,929,061
|
|
|
|
2,929,061
|
|
|
U.S. Treasury Bills - 4.2%
|
|
|
|
|
|
|
|
|
|
0.130%, 7/8/2010(11)
|
|
$
|
1,000,000
|
|
|
|
999,872
|
|
|
0.160%, 8/26/2010(11)
|
|
|
2,000,000
|
|
|
|
1,999,298
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,999,170
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments
(identified cost $16,951,940)
|
|
|
|
|
|
|
16,952,021
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments - 115.8%
(identified cost $78,521,270)
|
|
|
|
|
|
|
82,921,997
|
|
|
Other Assets and Liabilities - (15.8)%
|
|
|
|
|
|
|
(11,312,618
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Assets - 100.0%
|
|
|
|
|
|
$
|
71,609,379
|
|
|
|
|
|
|
|
|
|
|
|
Government Money Market Fund
SCHEDULE OF INVESTMENTS - As of May 31, 2010
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
Description
|
|
Principal
Amount
|
|
|
Value
|
|
Commercial Paper - 4.1%
|
|
|
|
|
|
|
|
|
|
|
|
|
Asset-Backed Securities - 4.1%
|
|
|
|
|
|
|
|
|
Straight - A Funding, 0.360%, 8/2/2010 (11)
|
|
$
|
25,000,000
|
|
|
$
|
24,984,500
|
|
|
|
|
|
|
|
|
|
|
Total Commercial Paper
|
|
|
|
|
|
|
24,984,500
|
|
|
|
|
|
Corporate Bonds & Notes - 1.7%
|
|
|
|
|
|
|
|
|
Diversified Financial Services - 1.7%
|
|
|
|
|
|
|
|
|
General Electric Capital Corp., 0.345%, 7/8/2010 (4)
|
|
|
10,000,000
|
|
|
|
10,000,000
|
|
|
|
|
|
|
|
|
|
|
Total Corporate Bonds & Notes
|
|
|
|
|
|
|
10,000,000
|
|
|
|
|
|
Municipals - 21.8%
|
|
|
|
|
|
|
|
|
|
|
|
|
California - 17.0%
|
|
|
|
|
|
|
|
|
California Housing Finance Agency, Single Family Housing, Revenue Bonds, 0.290%, 2/1/2016 (4)
|
|
|
21,815,000
|
|
|
|
21,815,000
|
|
California Housing Finance Agency, Single Family Housing, Revenue Bonds, 0.290%, 2/1/2023 (4)
|
|
|
200,000
|
|
|
|
200,000
|
|
California Statewide Communities Development Authority, Multi-Family Housing, Revenue Bonds, FNMA, 0.280%,
12/15/2037, Call Date 6/15/2010 (4)
|
|
|
30,000,000
|
|
|
|
30,000,000
|
|
San Francisco City & County Redevelopment Agency, Multi-Family Housing, Revenue Bonds, FNMA, 0.290%, 6/15/2034,
Call Date 6/15/2010 (4)
|
|
|
21,100,000
|
|
|
|
21,100,000
|
|
Southern California Home Financing Authority, Single Family Housing, Revenue Bonds, 0.290%, 2/1/2034, Call Date
6/2/2010 (4)
|
|
|
28,995,000
|
|
|
|
28,995,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
102,110,000
|
|
New York - 4.8%
|
|
|
|
|
|
|
|
|
New York State Housing Finance Agency, Multi-Family Housing, Revenue Bonds, FNMA, 0.310%, 5/15/2032, Call Date
6/1/2010 (4)
|
|
|
29,000,000
|
|
|
|
29,000,000
|
|
|
|
|
|
|
|
|
|
|
Total Municipals
|
|
|
|
|
|
|
131,110,000
|
|
|
|
|
|
U.S. Government & U.S. Government Agency Obligations - 34.1%
|
|
|
|
|
|
|
|
|
|
|
|
|
Federal Home Loan Bank - 8.3%
|
|
|
|
|
|
|
|
|
0.315%, 11/19/2010 (4)
|
|
|
25,000,000
|
|
|
|
24,997,647
|
|
0.500%, 3/14/2011
|
|
|
25,000,000
|
|
|
|
25,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
49,997,647
|
|
Federal Home Loan Mortgage Corporation - 17.5%
|
|
|
|
|
|
|
|
|
0.094%, 8/10/2010 (4)
|
|
|
55,000,000
|
|
|
|
55,000,000
|
|
0.252%, 9/24/2010 (4)
|
|
|
50,000,000
|
|
|
|
49,996,825
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
104,996,825
|
|
Federal National Mortgage Association - 8.3%
|
|
|
|
|
|
|
|
|
0.188%, 7/13/2010 (4)
|
|
|
50,000,000
|
|
|
|
49,997,806
|
|
|
|
|
|
|
|
|
|
|
Total U.S. Government & U.S. Government Agency Obligations
|
|
|
|
|
|
|
204,992,278
|
|
|
|
|
|
Repurchase Agreements - 38.3%
|
|
|
|
|
|
|
|
|
Agreement with Barclay’s Capital, Inc., 0.190%, dated 5/28/2010, to be repurchased at $75,001,583 on 6/1/2010,
collateralized by U.S. Government Agency Obligations with various maturities to 2/15/2031, with a market value of $76,500,105
|
|
|
75,000,000
|
|
|
|
75,000,000
|
|
Agreement with Cantor Fitzgerald, Inc., 1.000%, dated 5/28/2010, to be repurchased at $20,002,222 on 6/1/2010,
collateralized by U.S. Government Agency Obligations with various maturities to 8/25/2032, with a market value of $20,400,001
|
|
|
20,000,000
|
|
|
|
20,000,000
|
|
Agreement with Deutsche Bank Alex Brown, Inc., 0.200%, dated 5/28/2010, to be repurchased at $100,002,222 on
6/1/2010, collateralized by U.S. Government Agency Obligations with various maturities to 2/1/2040, with a market value of $102,000,000
|
|
|
100,000,000
|
|
|
|
100,000,000
|
|
|
|
|
|
|
|
|
|
|
|
Agreement with Fixed Income Clearing Corp., 0.060%, dated 5/28/2010, to be repurchased at $19,635,714 on 6/1/2010,
collateralized by a U.S. Government Agency Obligation with a maturity of 2/12/2015, with a market value of $20,033,046
|
|
19,635,583
|
|
|
|
19,635,583
|
|
Agreement with Morgan Stanley & Co., Inc., 0.180%, dated 5/28/2010, to be repurchased at $16,000,320 on 6/1/2010,
collateralized by a U.S. Government Agency Obligation with a maturity of 11/17/2015, with a market value of $16,346,868
|
|
16,000,000
|
|
|
|
16,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Repurchase Agreements
|
|
|
|
|
|
230,635,583
|
|
|
|
|
|
|
|
|
|
Total Investments - 100.0%
(at amortized cost)
|
|
|
|
|
|
601,722,361
|
|
Other Assets and Liabilities - 0.0%
|
|
|
|
|
|
58,337
|
|
|
|
|
|
|
|
|
|
Total Net Assets - 100.0%
|
|
|
|
|
$
|
601,780,698
|
|
|
|
|
|
|
|
|
Tax-Free Money Market Fund
SCHEDULE OF INVESTMENTS - As of May 31, 2010
(Unaudited)
|
|
|
|
|
|
|
|
|
|
Description
|
|
Shares or
Principal
Amount
|
|
|
Value
|
|
Municipals - 99.6%
|
|
|
|
|
|
|
|
|
|
|
|
|
Alabama - 3.6%
|
|
|
|
|
|
|
|
|
City of Gardendale, Multi-Family Housing, Revenue Bonds, 0.370%, 10/1/2032, Call Date 7/1/2010 (4)
|
|
$
|
1,465,000
|
|
|
$
|
1,465,000
|
|
City of Gardendale, Multi-Family Housing, Revenue Bonds, 0.370%, 10/1/2032, Call Date 7/1/2010 (4)
|
|
|
1,584,000
|
|
|
|
1,584,000
|
|
City of Gardendale, Multi-Family Housing, Revenue Bonds, 0.370%, 10/1/2032, Call Date 7/1/2010 (4)
|
|
|
3,200,000
|
|
|
|
3,200,000
|
|
JP Morgan Chase Putters/Drivers Trust, Higher Education, Revenue Bonds, 0.340%, 12/1/2029, Call Date 6/1/2016 (4) (6)
(7)
|
|
|
4,845,000
|
|
|
|
4,845,000
|
|
Mobile Industrial Development Board, Pollution, Revenue Bonds, 1.400%, 7/16/2010 (4)
|
|
|
12,000,000
|
|
|
|
12,000,000
|
|
Mobile Industrial Development Board, Pollution, Revenue Bonds, 1.400%, 7/16/2010 (4)
|
|
|
10,000,000
|
|
|
|
10,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
33,094,000
|
|
Arizona - 3.5%
|
|
|
|
|
|
|
|
|
Arizona Health Facilities Authority, Medical, Revenue Bonds, 0.390%, 2/1/2042, Call Date 2/1/2013 (4)
|
|
|
8,000,000
|
|
|
|
8,000,000
|
|
Greater Arizona Development Authority, Facilities, Revenue Bonds, 0.370%, 8/1/2015 (4)
|
|
|
2,680,000
|
|
|
|
2,680,000
|
|
Puttable Floating Option Tax-Exempt Receipts, Medical, Revenue Bonds, 0.540%, 2/1/2042, Call Date 2/1/2013 (4)
|
|
|
21,705,000
|
|
|
|
21,705,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
32,385,000
|
|
Arkansas - 0.8%
|
|
|
|
|
|
|
|
|
Benton County Public Facilities Board, Higher Education, Revenue Bonds, 0.290%, 6/1/2026, Call Date 6/1/2010 (4)
|
|
|
7,740,000
|
|
|
|
7,740,000
|
|
|
|
|
|
California - 6.8%
|
|
|
|
|
|
|
|
|
Abag Finance Authority for Nonprofit Corps., General, Revenue Bonds, 0.350%, 10/1/2029, Call Date 6/1/2010 (4)
|
|
|
10,430,000
|
|
|
|
10,430,000
|
|
California Municipal Finance Authority, Education, Revenue Bonds, 2.230%, 8/1/2037, Call Date 6/1/2010 (4)
|
|
|
8,320,000
|
|
|
|
8,320,000
|
|
City of Concord, Multi-Family Housing, Revenue Bonds, 0.330%, 7/15/2018 (4)
|
|
|
3,600,000
|
|
|
|
3,600,000
|
|
Elsinore Valley Municipal Water District, General, Certificate of Participation, 2.250%, 7/1/2035, Call Date 6/1/2010
(4)
|
|
|
7,900,000
|
|
|
|
7,900,000
|
|
Fontana Unified School District, School District, GO UT, 0.440%, 2/1/2016 (4)
|
|
|
3,765,000
|
|
|
|
3,765,000
|
|
Sacramento County Housing Authority, Multi-Family Housing, Revenue Bonds, 0.380%, 5/15/2031 (4)
|
|
|
7,500,000
|
|
|
|
7,500,000
|
|
State of California, General Obligation, GO UT, 0.360%, 3/1/2035, Call Date 3/1/2016 (4)
|
|
|
12,250,000
|
|
|
|
12,250,000
|
|
State of California, General Obligation, GO UT, 0.440%, 2/1/2015 (4)
|
|
|
4,995,000
|
|
|
|
4,995,000
|
|
Sweetwater Union High School District, School District, GO UT, 0.440%, 8/1/2013 (4)
|
|
|
3,620,000
|
|
|
|
3,620,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
62,380,000
|
|
Colorado - 3.3%
|
|
|
|
|
|
|
|
|
County of Pueblo, Medical, Revenue Bonds, 0.400%, 11/1/2028, Call Date 8/1/2010 (4)
|
|
|
1,500,000
|
|
|
|
1,500,000
|
|
JP Morgan Chase Putters/Drivers Trust, Single Family Housing, Revenue Bonds, 0.390%, 11/1/2016 (4) (6) (7)
|
|
|
3,250,000
|
|
|
|
3,250,000
|
|
Southern Ute Tribe of Southern Ute Indian Reservation, General, Revenue Bonds, 0.300%, 11/1/2031, Call Date 6/1/2010
(4)
|
|
|
10,000,000
|
|
|
|
10,000,000
|
|
Southern Ute Tribe of Southern Ute Indian Reservation, General, Revenue Bonds, 0.400%, 4/1/2040, Call Date 6/1/2010 (4) (6) (7)
|
|
|
15,300,000
|
|
|
|
15,300,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30,050,000
|
|
Connecticut - 0.4%
|
|
|
|
|
|
|
|
|
Connecticut State Health & Educational Facility Authority, Medical, Revenue Bonds, Assured Guaranty Corp., 0.390%, 1/1/2016
(4)
|
|
|
3,575,000
|
|
|
|
3,575,000
|
|
|
|
|
|
District of Columbia - 0.7%
|
|
|
|
|
|
|
|
|
District of Columbia, Education, Revenue Bonds, 0.420%, 10/1/2023, Call Date 6/1/2010 (4)
|
|
|
4,115,000
|
|
|
|
4,115,000
|
|
District of Columbia, General, Revenue Bonds, 0.420%, 3/1/2026, Call Date 6/1/2010 (4)
|
|
|
2,060,000
|
|
|
|
2,060,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,175,000
|
|
|
|
|
|
|
|
|
|
Florida - 13.3%
|
|
Brevard County Health Facilities Authority, Medical, Revenue Bonds, 0.510%, 1/1/2034, Call Date 6/1/2010 (4)
|
|
5,900,000
|
|
|
|
5,900,000
|
|
Broward County School Board, General, Certificate of Participation, 0.440%, 1/1/2016 (4)
|
|
4,995,000
|
|
|
|
4,995,000
|
|
Citizens Property Insurance Corp., General, Revenue Notes, 2.000%, 4/21/2011
|
|
12,500,000
|
|
|
|
12,578,868
|
|
Citizens Property Insurance Corp., General, Revenue Notes, 4.500%, 6/1/2010
|
|
35,000,000
|
|
|
|
35,000,000
|
|
City of Gulf Breeze, General, Revenue Bonds, 5.000%, 12/1/2010, Call Date 6/1/2010 (4)
|
|
3,050,000
|
|
|
|
3,050,000
|
|
County of Brevard, Education, Revenue Bonds, 0.420%, 10/1/2019, Call Date 7/1/2010 (4)
|
|
2,530,000
|
|
|
|
2,530,000
|
|
County of St. Lucie, Power, Revenue Bonds, 0.300%, 9/1/2028, Call Date 6/1/2010 (4)
|
|
12,000,000
|
|
|
|
12,000,000
|
|
Highlands County Health Facilities Authority, Medical, Revenue Bonds, 0.260%, 11/15/2027 (4)
|
|
11,825,000
|
|
|
|
11,825,000
|
|
Hillsborough County School Board, General, Certificate of Participation, 0.290%, 7/1/2030, Call Date 6/1/2010 (4)
|
|
3,700,000
|
|
|
|
3,700,000
|
|
JP Morgan Chase Putters/Drivers Trust, Water, Revenue Bonds, 0.390%, 11/1/2015 (4) (6) (7)
|
|
3,700,000
|
|
|
|
3,700,000
|
|
JP Morgan Chase Putters/Drivers Trust, Water, Revenue Bonds, 0.390%, 4/1/2018 (4) (6) (7)
|
|
3,000,000
|
|
|
|
3,000,000
|
|
Miami-Dade County Industrial Development Authority, General, Revenue Bonds, 0.290%, 5/1/2028, Call Date 6/1/2010
(4)
|
|
5,405,000
|
|
|
|
5,405,000
|
|
Orange County Health Facilities Authority, Medical, Revenue Bonds, 0.420%, 11/15/2036, Call Date 6/1/2010 (4)
|
|
1,610,000
|
|
|
|
1,610,000
|
|
Orange County Industrial Development Authority, Education, Revenue Bonds, 0.420%, 10/1/2023, Call Date 6/1/2010
(4)
|
|
3,165,000
|
|
|
|
3,165,000
|
|
Orlando-Orange County Expressway Authority, Transportation, Revenue Bonds, 0.360%, 7/1/2040, Call Date 6/1/2010
(4)
|
|
10,000,000
|
|
|
|
10,000,000
|
|
Palm Beach County School Board, General, Certificate of Participation, 0.340%, 8/1/2026, Call Date 8/1/2016 (4)
|
|
3,715,000
|
|
|
|
3,715,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
122,173,868
|
|
Georgia - 0.4%
|
|
|
|
|
|
|
|
Rome-Floyd County Development Authority, Facilities, Revenue Bonds, 0.390%, 11/1/2011 (4)
|
|
3,500,000
|
|
|
|
3,500,000
|
|
|
|
|
|
Hawaii - 0.2%
|
|
|
|
|
|
|
|
Hawaii State Department of Budget & Finance, Medical, Revenue Bonds, 0.370%, 5/1/2019, Call Date 6/1/2010
(4)
|
|
2,000,000
|
|
|
|
2,000,000
|
|
|
|
|
|
Illinois - 6.7%
|
|
|
|
|
|
|
|
City of Chicago, Airport, Revenue Bonds, 0.310%, 1/1/2014 (4)
|
|
9,790,000
|
|
|
|
9,790,000
|
|
Illinois Finance Authority, Medical, Revenue Bonds, 0.360%, 7/1/2029, Call Date 7/1/2012 (4)
|
|
5,850,000
|
|
|
|
5,850,000
|
|
Illinois Finance Authority, Medical, Revenue Bonds, 0.400%, 5/1/2038, Call Date 6/1/2010 (4)
|
|
6,001,000
|
|
|
|
6,001,000
|
|
Phoenix Realty Special Account-U LP, Multi-Family Housing, Revenue Bonds, 0.450%, 4/1/2020, Call Date 6/1/2010
(4)
|
|
4,075,000
|
|
|
|
4,075,000
|
|
Regional Transportation Authority, General, Revenue Bonds, 0.310%, 7/1/2028 (4)
|
|
9,430,000
|
|
|
|
9,430,000
|
|
Term Tender Custodial Receipts, Medical, Revenue Bonds, 0.650%, 9/17/2010 (4) (6) (10)
|
|
20,050,000
|
|
|
|
20,059,033
|
|
Upper Illinois River Valley Development Authority, Development, Revenue Bonds, 0.440%, 8/1/2033, Call Date 6/1/2010
(4)
|
|
6,335,000
|
|
|
|
6,335,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
61,540,033
|
|
Indiana - 2.5%
|
|
|
|
|
|
|
|
City of South Bend, Development, Revenue Bonds, 0.290%, 4/1/2033, Call Date 6/3/2010 (4)
|
|
6,955,000
|
|
|
|
6,955,000
|
|
Dekko Foundation Educational Facilities Tax Exempt Income Trust, Education, Revenue Bonds, 0.300%, 4/1/2021, Call Date 6/1/2010
(4)
|
|
3,795,000
|
|
|
|
3,795,000
|
|
Indiana Finance Authority, Medical, Revenue Bonds, 0.300%, 6/1/2042, Call Date 6/1/2010 (4)
|
|
2,600,000
|
|
|
|
2,600,000
|
|
Puttable Floating Option Tax-Exempt Receipts, General, Revenue Bonds, 0.290%, 6/1/2029, Call Date 12/1/2016 (4)
|
|
10,025,000
|
|
|
|
10,025,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
23,375,000
|
|
Iowa - 4.3%
|
|
|
|
|
|
|
|
Iowa Finance Authority, Development, Revenue Bonds, 0.360%, 6/1/2036, Call Date 6/1/2010 (4)
|
|
21,000,000
|
|
|
|
21,000,000
|
|
Iowa Finance Authority, Development, Revenue Bonds, 0.360%, 9/1/2036, Call Date 6/1/2010 (4)
|
|
19,000,000
|
|
|
|
19,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
40,000,000
|
|
Kansas - 1.5%
|
|
|
|
|
|
|
|
City of Burlington, Pollution, Revenue Bonds, 0.590%, 8/12/2010
|
|
3,900,000
|
|
|
|
3,900,000
|
|
City of Burlington, Pollution, Revenue Bonds, 0.600%, 8/17/2010
|
|
3,400,000
|
|
|
|
3,400,000
|
|
City of Burlington, Pollution, Revenue Bonds, 0.600%, 8/17/2010
|
|
6,995,000
|
|
|
|
6,995,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,295,000
|
|
Kentucky - 0.7%
|
|
|
|
|
|
|
|
Hancock County, 0.390%, 7/1/2011 (4)
|
|
1,000,000
|
|
|
|
1,000,000
|
|
Hancock County, 0.390%, 7/1/2012 (4)
|
|
1,685,000
|
|
|
|
1,685,000
|
|
|
|
|
|
|
|
|
|
Hardin County Water District No. 1, Water, Revenue Bonds, 0.450%, 9/1/2022, Call Date 6/3/2010 (4) (5)
|
|
3,540,000
|
|
|
|
3,540,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,225,000
|
|
Louisiana - 3.1%
|
|
|
|
|
|
|
|
Lafayette Parish Industrial Development Board, Development, Revenue Bonds, 0.600%, 12/15/2014, Call Date 6/1/2010
(4)
|
|
1,510,000
|
|
|
|
1,510,000
|
|
Louisiana Public Facilities Authority, Medical, Revenue Bonds, 0.440%, 1/1/2022 (4)
|
|
1,665,000
|
|
|
|
1,665,000
|
|
Parish of St. James, Development, Revenue Bonds, 0.340%, 11/1/2039, Call Date 6/1/2010 (4)
|
|
25,000,000
|
|
|
|
25,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
28,175,000
|
|
Maryland - 1.7%
|
|
|
|
|
|
|
|
County of Carroll, Nursing Homes, Revenue Bonds, 0.270%, 1/1/2034, Call Date 6/1/2010 (4)
|
|
2,730,000
|
|
|
|
2,730,000
|
|
County of Washington, Nursing Homes, Revenue Bonds, 0.360%, 11/1/2032, Call Date 6/1/2010 (4)
|
|
11,570,000
|
|
|
|
11,570,000
|
|
Maryland Health & Higher Educational Facilities Authority, Nursing Homes, Revenue Bonds, 0.340%, 1/1/2037, Call Date
6/1/2010 (4)
|
|
1,100,000
|
|
|
|
1,100,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,400,000
|
|
Massachusetts - 1.8%
|
|
|
|
|
|
|
|
BB&T Municipal Trust, General, 0.440%, 10/1/2028 (4) (6) (7)
|
|
9,400,000
|
|
|
|
9,400,000
|
|
Massachusetts Development Finance Agency, Nursing Homes, Revenue Bonds, 0.700%, 6/1/2034, Call Date 6/1/2010 (4)
|
|
7,660,000
|
|
|
|
7,660,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17,060,000
|
|
Michigan - 3.4%
|
|
|
|
|
|
|
|
Charter Township of Holland, General, Revenue Bonds, 0.420%, 10/1/2028, Call Date 6/1/2010 (4)
|
|
3,865,000
|
|
|
|
3,865,000
|
|
Michigan Higher Education Facilities Authority, Higher Education, Revenue Bonds, 0.330%, 2/1/2031 (4)
|
|
4,585,000
|
|
|
|
4,585,000
|
|
Michigan Higher Education Facilities Authority, Higher Education, Revenue Bonds, 0.340%, 3/1/2031, Call Date 6/1/2010
(4)
|
|
13,100,000
|
|
|
|
13,100,000
|
|
Michigan Strategic Fund, Nursing Homes, Revenue Bonds, 0.370%, 2/1/2032, Call Date 6/1/2010 (4)
|
|
5,565,000
|
|
|
|
5,565,000
|
|
Oakland County Economic Development Corp., Development, Revenue Bonds, 0.340%, 11/1/2037, Call Date 6/1/2010 (4)
|
|
4,000,000
|
|
|
|
4,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
31,115,000
|
|
Minnesota - 1.8%
|
|
|
|
|
|
|
|
City of Bloomington, Development, Revenue Bonds, 0.300%, 12/1/2015 (4)
|
|
3,310,000
|
|
|
|
3,310,000
|
|
City of Bloomington, Development, Revenue Bonds, 0.300%, 12/1/2015, Call Date 6/1/2010 (4)
|
|
3,405,000
|
|
|
|
3,405,000
|
|
City of Ramsey, Development, Revenue Bonds, 0.350%, 12/1/2023 (4)
|
|
3,315,000
|
|
|
|
3,315,000
|
|
SCA Tax Exempt Trust, Multi-Family Housing, Revenue Bonds, 0.540%, 1/1/2030 (4)
|
|
6,850,000
|
|
|
|
6,850,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,880,000
|
|
Mississippi - 0.5%
|
|
|
|
|
|
|
|
Mississippi Hospital Equipment & Facilities Authority, Medical, Revenue Bonds, 0.270%, 6/3/2010 (4)
|
|
4,340,000
|
|
|
|
4,340,000
|
|
|
|
|
|
Montana - 0.4%
|
|
|
|
|
|
|
|
Montana Board of Investments, General, Revenue Bonds, 0.300%, 9/1/2010 (4)
|
|
3,925,000
|
|
|
|
3,925,000
|
|
|
|
|
|
Nebraska - 1.0%
|
|
|
|
|
|
|
|
Central Plains Energy Project, Power, Revenue Bonds, 0.310%, 12/1/2021 (4)
|
|
8,495,000
|
|
|
|
8,495,000
|
|
Nebraska Investment Finance Authority, Multi-Family Housing, Revenue Bonds, 0.440%, 9/1/2031, Call Date 6/1/2010
(4)
|
|
600,000
|
|
|
|
600,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,095,000
|
|
New Hampshire - 1.3%
|
|
|
|
|
|
|
|
New Hampshire Health & Education Facilities Authority, Medical, Revenue Bonds, 0.440%, 8/1/2011 (4)
|
|
8,690,000
|
|
|
|
8,690,000
|
|
New Hampshire Health & Education Facilities Authority, Nursing Homes, Revenue Bonds, 0.530%, 5/1/2036, Call Date
6/1/2010 (4)
|
|
3,500,000
|
|
|
|
3,500,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,190,000
|
|
New Jersey - 3.0%
|
|
|
|
|
|
|
|
JP Morgan Chase Putters/Drivers Trust, Transportation, Revenue Bonds, 0.390%, 12/15/2013 (4) (6) (7)
|
|
2,775,000
|
|
|
|
2,775,000
|
|
New Jersey Economic Development Authority, Nursing Homes, Revenue Bonds, 0.370%, 11/1/2040, Call Date 6/1/2010
(4)
|
|
4,875,000
|
|
|
|
4,875,000
|
|
|
|
|
|
|
|
|
|
New Jersey Economic Development Authority, Transportation, Revenue Bonds, 0.380%, 12/1/2027, Call Date 6/1/2010
(4)
|
|
10,000,000
|
|
|
|
10,000,000
|
|
New Jersey Economic Development Authority, Transportation, Revenue Bonds, 0.380%, 12/1/2027, Call Date 6/1/2010
(4)
|
|
10,000,000
|
|
|
|
10,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
27,650,000
|
|
New York - 4.0%
|
|
|
|
|
|
|
|
City of New York, General Obligation, GO UT, 0.280%, 2/15/2018, Call Date 6/1/2010 (4)
|
|
4,300,000
|
|
|
|
4,300,000
|
|
New York City Industrial Development Agency, General, Revenue Bonds, 0.340%, 3/1/2030, Call Date 6/1/2010 (4)
|
|
4,500,000
|
|
|
|
4,500,000
|
|
New York State Dormitory Authority, Higher Education, Revenue Bonds, 0.280%, 9/1/2026 (4)
|
|
3,765,000
|
|
|
|
3,765,000
|
|
New York State Dormitory Authority, Higher Education, Revenue Bonds, 0.280%, 9/1/2036, Call Date 6/1/2010 (4)
|
|
4,030,000
|
|
|
|
4,030,000
|
|
New York State Thruway Authority, Transportation, Revenue Bonds, 0.320%, 1/1/2014 (4)
|
|
4,995,000
|
|
|
|
4,995,000
|
|
Onondaga County Industrial Development Agency, Development, Revenue Bonds, 0.340%, 12/1/2021, Call Date 9/2/2010
(4)
|
|
4,420,000
|
|
|
|
4,420,000
|
|
Suffolk County Industrial Development Agency, Development, Revenue Bonds, 0.550%, 4/1/2018, Call Date 6/2/2010
(4)
|
|
3,785,000
|
|
|
|
3,785,000
|
|
Utica Industrial Development Agency, Higher Education, Revenue Bonds, 0.480%, 7/15/2029, Call Date 6/1/2010 (4)
|
|
6,645,000
|
|
|
|
6,645,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
36,440,000
|
|
Ohio - 9.4%
|
|
|
|
|
|
|
|
City of Brunswick, General Obligation, GO, 1.650%, 11/17/2010
|
|
3,000,000
|
|
|
|
3,006,853
|
|
County of Erie, General Obligation, Revenue Bonds, 0.490%, 8/15/2046, Call Date 7/2/2010 (4)
|
|
11,000,000
|
|
|
|
11,000,000
|
|
County of Lawrence, Development, Revenue Bonds, 0.390%, 11/1/2011 (4)
|
|
3,250,000
|
|
|
|
3,250,000
|
|
County of Warren, 0.470%, 9/1/2015 (4)
|
|
5,190,000
|
|
|
|
5,190,000
|
|
Montgomery County Transportation Improvement District, Transportation, GO, 2.375%, 8/1/2010, Call Date 7/2/2010
|
|
9,500,000
|
|
|
|
9,500,000
|
|
Ohio State Higher Educational Facility Commission, Medical, Revenue Bonds, 0.360%, 1/15/2046, Call Date 1/15/2017
(4)
|
|
11,250,000
|
|
|
|
11,250,000
|
|
Puttable Floating Option Tax-Exempt Receipts, General, Revenue Bonds, 0.540%, 10/1/2030 (4)
|
|
24,975,000
|
|
|
|
24,975,000
|
|
Puttable Floating Option Tax-Exempt Receipts, Higher Education, Revenue Bonds, 0.540%, 6/1/2037 (4)
|
|
11,065,000
|
|
|
|
11,065,000
|
|
University of Cincinnati, Higher Education, Revenue Bonds, 2.000%, 6/1/2010
|
|
1,350,000
|
|
|
|
1,350,000
|
|
University of Cincinnati, Higher Education, Revenue Notes, 2.000%, 7/21/2010
|
|
6,350,000
|
|
|
|
6,356,872
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
86,943,725
|
|
Oklahoma - 0.5%
|
|
|
|
|
|
|
|
Oklahoma Industries Authority, Education, Revenue Bonds, 0.600%, 8/1/2018, Call Date 6/1/2010 (4)
|
|
1,275,000
|
|
|
|
1,275,000
|
|
Tulsa Industrial Authority, General, Revenue Bonds, 0.470%, 11/1/2026, Call Date 6/1/2010 (4)
|
|
2,905,000
|
|
|
|
2,905,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,180,000
|
|
Pennsylvania - 2.4%
|
|
|
|
|
|
|
|
Allegheny County Industrial Development Authority, Development, Revenue Bonds, 0.390%, 7/1/2010 (4)
|
|
3,100,000
|
|
|
|
3,100,000
|
|
BB&T Municipal Trust, General, 0.320%, 12/1/2014, Call Date 6/1/2010 (4)
|
|
7,910,000
|
|
|
|
7,910,000
|
|
JP Morgan Chase Putters/Drivers Trust, General Obligation, Revenue Bonds, 0.440%, 6/1/2015 (4) (6) (7)
|
|
4,800,000
|
|
|
|
4,800,000
|
|
Reading School District, School District, GO UT, 0.440%, 1/15/2014 (4)
|
|
6,260,000
|
|
|
|
6,260,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
22,070,000
|
|
Puerto Rico - 1.4%
|
|
|
|
|
|
|
|
Puerto Rico Industrial Medical & Environmental Pollution Control Facilities Financing Authority, Development, Revenue
Bonds, 1.000%, 3/1/2013 (4)
|
|
7,605,000
|
|
|
|
7,605,000
|
|
Puerto Rico Industrial Medical & Environmental Pollution Control Facilities Financing Authority, Pollution, Revenue
Bonds, 0.950%, 3/1/2013, Call Date 3/1/2011 (4)
|
|
5,770,000
|
|
|
|
5,770,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,375,000
|
|
Rhode Island - 2.3%
|
|
|
|
|
|
|
|
Rhode Island Health & Educational Building Corp., Higher Education, Revenue Bonds, 0.550%, 3/1/2034, Call Date 6/1/2010
(4)
|
|
11,610,000
|
|
|
|
11,610,000
|
|
Rhode Island Health & Educational Building Corp., Higher Education, Revenue Bonds, 0.550%, 11/1/2036, Call Date 6/1/2010
(4)
|
|
9,945,000
|
|
|
|
9,945,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21,555,000
|
|
South Carolina - 0.2%
|
|
|
|
|
|
|
|
South Carolina Transportation Infrastructure Bank, Transportation, Revenue Bonds, 0.370%, 4/1/2012 (4)
|
|
2,095,000
|
|
|
|
2,095,000
|
|
|
|
|
|
|
|
|
|
South Dakota - 1.5%
|
|
|
|
|
|
|
|
South Dakota Housing Development Authority, Housing, Revenue Bonds, 0.370%, 11/1/2048, Call Date 6/1/2010 (4)
|
|
6,650,000
|
|
|
|
6,650,000
|
|
South Dakota Housing Development Authority, Multi-Family Housing, Revenue Bonds, 0.390%, 5/1/2048, Call Date 6/1/2010
(4)
|
|
7,320,000
|
|
|
|
7,320,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,970,000
|
|
Tennessee - 0.5%
|
|
|
|
|
|
|
|
Rutherford County Industrial Development Board, Development, Revenue Bonds, 0.390%, 7/1/2010 (4)
|
|
1,000,000
|
|
|
|
1,000,000
|
|
SCA Tax Exempt Trust, Multi-Family Housing, Revenue Bonds, 0.540%, 1/1/2030, Call Date 6/15/2010 (4)
|
|
3,500,000
|
|
|
|
3,500,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,500,000
|
|
Texas - 3.0%
|
|
|
|
|
|
|
|
Atascosa County Industrial Development Corp., Power, Revenue Bonds, 0.650%, 6/30/2020, Call Date 6/1/2010 (4)
|
|
11,000,000
|
|
|
|
11,000,000
|
|
Bowie County Industrial Development Corp., Development, Revenue Bonds, 0.280%, 11/1/2025, Call Date 6/1/2010 (4)
|
|
3,500,000
|
|
|
|
3,500,000
|
|
Dallam County Industrial Development Corp., Pollution, Revenue Bonds, 0.740%, 5/1/2039, Call Date 6/1/2010 (4)
|
|
2,800,000
|
|
|
|
2,800,000
|
|
Harris County Health Facilities Development Corp., Medical, Revenue Bonds, 0.300%, 1/1/2023 (4) (6)
|
|
10,480,000
|
|
|
|
10,480,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
27,780,000
|
|
Utah - 0.6%
|
|
|
|
|
|
|
|
Utah Associated Municipal Power Systems, Power, Revenue Bonds, 0.390%, 4/1/2012 (4)
|
|
5,360,000
|
|
|
|
5,360,000
|
|
|
|
|
|
Virginia - 0.8%
|
|
|
|
|
|
|
|
Caroline County Industrial Development Authority, Utilities, Revenue Bonds, 0.310%, 12/1/2037, Call Date 6/3/2010
(4)
|
|
6,120,000
|
|
|
|
6,120,000
|
|
Suffolk Redevelopment & Housing Authority, Multi-Family Housing, Revenue Bonds, 0.420%, 9/1/2019, Call Date 6/1/2010
(4)
|
|
1,305,000
|
|
|
|
1,305,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,425,000
|
|
Wisconsin - 6.3%
|
|
|
|
|
|
|
|
Ashland School District, School District, Revenue Notes, 1.500%, 8/27/2010
|
|
4,300,000
|
|
|
|
4,302,130
|
|
D C Everest Area School District, School District, Revenue Notes, 2.000%, 9/24/2010
|
|
3,500,000
|
|
|
|
3,502,702
|
|
Edgerton School District, School District, Revenue Notes, 1.250%, 10/21/2010
|
|
3,820,000
|
|
|
|
3,820,440
|
|
Green Bay Housing Authority, Nursing Homes, Revenue Bonds, 2.250%, 1/1/2035, Call Date 6/3/2010 (4)
|
|
3,750,000
|
|
|
|
3,750,000
|
|
Hartford Union High School District, School District, Revenue Notes, 1.280%, 10/29/2010
|
|
2,600,000
|
|
|
|
2,600,628
|
|
Pulaski Community School District, Education, Revenue Notes, 1.500%, 9/14/2010
|
|
4,100,000
|
|
|
|
4,101,146
|
|
Rice Lake Area School District, Education, Revenue Notes, 1.500%, 11/1/2010
|
|
2,995,000
|
|
|
|
2,997,590
|
|
Sun Prairie Area School District, School District, Revenue Notes, 1.250%, 10/18/2010
|
|
6,800,000
|
|
|
|
6,800,753
|
|
Waukesha Housing Authority, Multi-Family Housing, Revenue Bonds, 0.420%, 2/1/2026, Call Date 6/1/2010 (4)
|
|
5,390,000
|
|
|
|
5,390,000
|
|
Wisconsin Health & Educational Facilities Authority, Medical, Revenue Bonds, 0.360%, 8/15/2034, Call Date 8/15/2016
(4)
|
|
2,200,000
|
|
|
|
2,200,000
|
|
Wisconsin Health & Educational Facilities Authority, Nursing Homes, Revenue Bonds, 0.600%, 5/1/2026, Call Date 6/1/2010 (4)
|
|
120,000
|
|
|
|
120,000
|
|
Wisconsin Housing & Economic Development Authority, Multi-Family Housing, Revenue Bonds, 0.450%, 5/1/2037, Call Date 6/1/2010
(4)
|
|
4,785,000
|
|
|
|
4,785,000
|
|
Wisconsin Municipalities Private School Finance Commission, Medical, Revenue Bonds, 0.390%, 10/1/2045, Call Date 6/1/2010 (4)
|
|
3,035,000
|
|
|
|
3,035,000
|
|
Wisconsin Rapids School District, School District, Revenue Notes, 1.500%, 9/21/2010
|
|
8,000,000
|
|
|
|
8,005,566
|
|
Wrightstown Community School District, Education, Revenue Notes, 1.500%, 9/30/2010
|
|
2,300,000
|
|
|
|
2,301,275
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
57,712,230
|
|
|
|
|
|
|
|
|
|
Total Municipals
|
|
|
|
|
|
917,743,856
|
|
|
|
|
|
Mutual Funds - 0.3%
|
|
|
|
|
|
|
|
Federated Tax-Free Obligations Fund, Class I, 0.155%
|
|
3,117,319
|
|
|
|
3,117,319
|
|
|
|
|
|
|
|
|
|
Total Mutual Funds
|
|
|
|
|
|
3,117,319
|
|
|
|
|
|
|
|
|
|
Total Investments - 99.9%
(at amortized cost)
|
|
|
|
|
|
920,861,175
|
|
Other Assets and Liabilities - 0.1%
|
|
|
|
|
|
704,480
|
|
|
|
|
|
|
|
|
|
Total Net Assets - 100.0%
|
|
|
|
|
$
|
921,565,655
|
|
|
|
|
|
|
|
|
Prime Money Market Fund
SCHEDULE OF INVESTMENTS - As of May 31, 2010
(Unaudited)
|
|
|
|
|
|
|
|
|
Description
|
|
Principal
Amount
|
|
Value
|
|
Certificates of Deposit - 4.1%
|
|
|
|
|
|
|
|
|
|
|
|
Banks - 4.1%
|
|
|
|
|
|
|
|
Bank of Montreal, 0.370%, 8/9/2010
|
|
$
|
100,000,000
|
|
$
|
100,000,000
|
|
UBS AG Stamford, 0.450%, 6/7/2010
|
|
|
50,000,000
|
|
|
50,000,000
|
|
|
|
|
|
|
|
|
|
Total Certificates of Deposit
|
|
|
|
|
|
150,000,000
|
|
|
|
|
|
Commercial Paper - 47.2%
|
|
|
|
|
|
|
|
|
|
|
|
Asset-Backed Securities - 19.1%
|
|
|
|
|
|
|
|
Atlantis One Funding Corp., 0.420%, 8/11/2010 (11)
|
|
|
150,000,000
|
|
|
149,875,750
|
|
Clipper Receivables Co., LLC, 0.260%, 6/1/2010 (6) (7) (11)
|
|
|
100,000,000
|
|
|
100,000,000
|
|
Concord Minutemen Capital Co., LLC, 0.550%, 8/16/2010 (11)
|
|
|
100,000,000
|
|
|
99,883,889
|
|
GovCo LLC, 0.290%, 7/7/2010 (11)
|
|
|
50,000,000
|
|
|
49,985,500
|
|
GovCo LLC, 0.320%, 6/23/2010 (6) (7) (11)
|
|
|
50,000,000
|
|
|
49,990,222
|
|
GovCo LLC, 0.320%, 7/22/2010 (11)
|
|
|
30,000,000
|
|
|
29,986,400
|
|
GovCo LLC, 0.330%, 6/17/2010 (6) (7) (11)
|
|
|
20,000,000
|
|
|
19,997,067
|
|
Jupiter Securitization Corp., 0.400%, 8/9/2010 (11)
|
|
|
100,000,000
|
|
|
99,923,333
|
|
Lexington Parker Capital Co., LLC, 0.500%, 6/4/2010 (6) (7) (11)
|
|
|
100,000,000
|
|
|
99,995,834
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
699,637,995
|
|
|
|
|
|
Automobiles - 9.5%
|
|
|
|
|
|
|
|
Ford Credit Auto Receivables Trust, 0.330%, 7/1/2010 (11)
|
|
|
75,000,000
|
|
|
74,979,375
|
|
Ford Credit Auto Receivables Trust, 0.540%, 9/15/2010 (11)
|
|
|
75,000,000
|
|
|
74,880,750
|
|
Paccar Financial Corp., 0.420%, 8/13/2010 (11)
|
|
|
47,200,000
|
|
|
47,159,801
|
|
Toyota Motor Credit Corp., 0.360%, 7/21/2010 (11)
|
|
|
100,000,000
|
|
|
99,950,000
|
|
Toyota Motor Credit Corp., 0.570%, 8/24/2010 (11)
|
|
|
50,000,000
|
|
|
49,933,500
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
346,903,426
|
|
|
|
|
|
Foreign Banks - 11.8%
|
|
|
|
|
|
|
|
ANZ National Ltd., 0.500%, 8/30/2010 (11)
|
|
|
75,000,000
|
|
|
74,906,250
|
|
Natixis Commercial Paper Corp., 0.450%, 7/12/2010 (6) (7) (11)
|
|
|
71,500,000
|
|
|
71,463,356
|
|
Skandinaviska Enskilda Banken AB, 0.380%, 7/28/2010 (11)
|
|
|
100,000,000
|
|
|
99,939,833
|
|
Skandinaviska Enskilda Banken AB, 0.390%, 8/2/2010 (6) (7) (11)
|
|
|
50,000,000
|
|
|
49,966,417
|
|
Societe Generale North America, Inc., 0.300%, 7/8/2010 (11)
|
|
|
60,802,000
|
|
|
60,783,253
|
|
Societe Generale North America, Inc., 0.300%, 7/20/2010 (11)
|
|
|
75,000,000
|
|
|
74,969,375
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
432,028,484
|
|
|
|
|
|
Insurance - 6.8%
|
|
|
|
|
|
|
|
Prudential Funding LLC, 0.520%, 8/26/2010 (11)
|
|
|
100,000,000
|
|
|
99,875,778
|
|
Swiss RE Treasury U.S. Corp., 0.330%, 7/23/2010 (6) (7) (11)
|
|
|
50,000,000
|
|
|
49,976,167
|
|
Swiss RE Treasury U.S. Corp., 0.530%, 8/23/2010 (11)
|
|
|
100,000,000
|
|
|
99,877,805
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
249,729,750
|
|
|
|
|
|
|
|
|
|
Total Commercial Paper
|
|
|
|
|
|
1,728,299,655
|
|
|
|
|
|
Municipals - 9.9%
|
|
|
|
|
|
|
|
|
|
|
|
Connecticut -2.1%
|
|
|
|
|
|
|
|
Connecticut Housing Finance Authority, Housing, Revenue Bonds, 0.380%, 11/15/2038, Call Date 6/3/2010 (4)
|
|
|
48,610,000
|
|
|
48,610,000
|
|
Connecticut Housing Finance Authority, Multi-Family Housing, Revenue Bonds, GO, 0.330%, 5/15/2031, Call Date 6/1/2010 (4) (9)
|
|
|
27,330,000
|
|
|
27,330,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
75,940,000
|
|
Florida - 0.6%
|
|
|
|
|
|
|
|
Highlands County Health Facilities Authority, Medical, Revenue Bonds, 0.260%, 11/15/2024, Call Date 6/1/2010 (4)
|
|
|
23,115,000
|
|
|
23,115,000
|
|
|
|
|
|
|
|
|
|
New York - 4.1%
|
|
|
|
|
|
|
|
New York City Housing Development Corp., Multi-Family Housing, Revenue Bonds, FNMA, 0.300%, 5/15/2034, Call Date 6/15/2010 (4)
(9)
|
|
44,500,000
|
|
|
|
44,500,000
|
|
New York City Housing Development Corp., Multi-Family Housing, Revenue Bonds, FNMA, 0.300%, 6/15/2034, Call Date 6/2/2010 (4) (9)
|
|
49,000,000
|
|
|
|
49,000,000
|
|
New York State Housing Finance Agency, Multi-Family Housing, Revenue Bonds, FNMA, 0.300%, 11/15/2038, Call Date 6/2/2010 (4) (9)
|
|
56,100,000
|
|
|
|
56,100,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
149,600,000
|
|
Ohio - 1.6%
|
|
|
|
|
|
|
|
Lake County, Medical, Revenue Bonds, 0.270%, 8/15/2041, Call Date 6/1/2010 (4)
|
|
28,500,000
|
|
|
|
28,500,000
|
|
Lake County, Medical, Revenue Bonds, 0.270%, 8/15/2041, Call Date 6/1/2010 (4)
|
|
28,750,000
|
|
|
|
28,750,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
57,250,000
|
|
Wisconsin - 1.5%
|
|
|
|
|
|
|
|
Wisconsin Health & Educational Facilities Authority, Higher Education, Revenue Bonds, 0.250%, 12/1/2033, Call Date 6/1/2010
(4)
|
|
36,700,000
|
|
|
|
36,700,000
|
|
Wisconsin Housing & Economic Development Authority, Single Family Housing, Revenue Bonds, 0.450%, 3/1/2036, Call Date
6/1/2010 (4)
|
|
19,290,000
|
|
|
|
19,290,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
55,990,000
|
|
|
|
|
|
|
|
|
|
Total Municipals
|
|
|
|
|
|
361,895,000
|
|
|
|
|
|
Notes-Variable - 15.9%
|
|
|
|
|
|
|
|
|
|
|
|
Banks - 6.2%
|
|
|
|
|
|
|
|
Calyon New York, 0.349%, 9/1/2010 (4)
|
|
75,000,000
|
|
|
|
75,000,000
|
|
Dexia Credit Local NY, 1.054%, 4/18/2011 (4)
|
|
150,000,000
|
|
|
|
150,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
225,000,000
|
|
|
|
|
|
Diversified Financial Services - 1.1%
|
|
|
|
|
|
|
|
General Electric Capital Corp., 0.345%, 7/8/2010 (4)
|
|
40,000,000
|
|
|
|
40,000,000
|
|
|
|
|
|
Foreign Banks - 5.5%
|
|
|
|
|
|
|
|
Rabobank Nederland NV, 0.436%, 6/16/2011 (4) (6) (7)
|
|
50,000,000
|
|
|
|
50,000,000
|
|
Svenska Handelsbanken AB, 0.292%, 7/1/2011 (4) (6) (7)
|
|
150,000,000
|
|
|
|
150,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
200,000,000
|
|
|
|
|
|
Insurance - 3.1%
|
|
|
|
|
|
|
|
Metropolitan Life Insurance Co., 0.544%, 2/1/2011 (4) (10)
|
|
50,000,000
|
|
|
|
50,000,000
|
|
Metropolitan Life Insurance Co., 0.544%, 3/1/2011 (4) (10)
|
|
65,000,000
|
|
|
|
65,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
115,000,000
|
|
|
|
|
|
|
|
|
|
Total Notes-Variable
|
|
|
|
|
|
580,000,000
|
|
|
|
|
|
Repurchase Agreements - 18.9%
|
|
|
|
|
|
|
|
Agreement with Deutsche Bank Alex Brown, Inc., 0.200% dated 5/28/2010, to be repurchased at $150,003,333 on 6/1/2010,
collateralized by U.S. Government Agency Obligations with various maturities to 11/23/2035, with a market value of $153,002,619
|
|
150,000,000
|
|
|
|
150,000,000
|
|
Agreement with Deutsche Bank Alex Brown, Inc., 0.320%, dated 5/28/2010, to be repurchased at $150,005,333 on 6/1/2010,
collateralized by Corporate Bonds with various maturities to 12/1/2099, with a market value of $156,000,001
|
|
150,000,000
|
|
|
|
150,000,000
|
|
Agreement with Fixed Income Clearing Corp., 0.060%, dated 5/28/2010, to be repurchased at $99,789,425 on 6/1/2010, collateralized
by U.S. Government Agency Obligations with various maturities to 2/12/2015, with a market value of $101,785,886
|
|
99,788,759
|
|
|
|
99,788,759
|
|
Agreement with Morgan Stanley & Co., Inc., 0.180%, dated 5/28/2010, to be repurchased at $110,002,200 on 6/1/2010,
collateralized by U.S. Government Agency Obligations with various maturities to 5/18/2029, with a market value of $112,950,188
|
|
110,000,000
|
|
|
|
110,000,000
|
|
Agreement with Morgan Stanley & Co., Inc., 0.320%, dated 5/28/2010, to be repurchased at $30,001,067 on 6/1/2010,
collateralized by a Corporate Bond with a maturity of 2/15/2019, with a market value of $31,500,000
|
|
30,000,000
|
|
|
|
30,000,000
|
|
Agreement with Morgan Stanley & Co., Inc., Private Label CMO, 0.420%, dated 5/28/2010, to be repurchased at $150,007,000 on
6/1/2010, collateralized by Collateralized Mortgage Obligations with various maturities to 5/15/2049, with a market value of $160,500,001
|
|
150,000,000
|
|
|
|
150,000,000
|
|
|
|
|
|
|
|
|
|
Total Repurchase Agreements
|
|
|
|
|
|
689,788,759
|
|
|
|
|
|
Trust Demand Notes - 3.9%
|
|
|
|
|
|
|
|
Broker/Dealers - 3.9%
|
|
|
|
|
|
|
|
JP Morgan Securities, Inc., 0.470%, 6/1/2010 (4)
|
|
143,000,000
|
|
|
|
143,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Trust Demand Notes
|
|
|
143,000,000
|
|
|
|
|
|
|
Total Investments - 99.9%
(at amortized cost)
|
|
|
3,652,983,414
|
|
Other Assets and Liabilities - 0.1%
|
|
|
5,318,977
|
|
|
|
|
|
|
Total Net Assets - 100.0%
|
|
$
|
3,658,302,391
|
|
|
|
|
|
Notes to Schedules of Investments (Unaudited)
The categories of investments are shown as a
percentage of total net assets for each Fund as of May 31, 2010.
|
(1)
|
Certain shares or principal amounts are temporarily on loan to unaffiliated brokers-dealers.
|
|
(2)
|
Non-income producing.
|
|
(3)
|
Represents the initial deposit within a margin account used to ensure the Fund is able to satisfy the obligations of its outstanding long futures contracts.
|
|
(4)
|
Floating rate securities are securities whose yields vary with a designated market index or market rate. These securities are shown at their current rates as of
May 31, 2010.
|
|
(5)
|
Purchased on a when-issued or delayed delivery basis.
|
|
(6)
|
Denotes a restricted security which is subject to restrictions on resale under federal securities law. At May 31, 2010, these securities amounted to:
|
|
|
|
|
|
|
|
|
|
Fund
|
|
Amount
|
|
% of Total
Net Assets
|
|
|
Emerging Markets Equity Fund
|
|
$
|
1,594,126
|
|
2.76
|
%
|
|
Ultra Short-Tax Free Fund
|
|
|
500,000
|
|
0.21
|
|
|
Short-Term Income Fund
|
|
|
14,273,800
|
|
11.18
|
|
|
Short-Intermediate Bond Fund
|
|
|
29,179,568
|
|
17.01
|
|
|
Government Income Fund
|
|
|
21,072,171
|
|
5.11
|
|
|
Corporate Income Fund
|
|
|
5,500,915
|
|
8.71
|
|
|
Aggregate Bond Fund
|
|
|
41,751,475
|
|
14.36
|
|
|
Core Plus Bond Fund
|
|
|
5,708,512
|
|
7.97
|
|
|
Tax-Free Money Market Fund
|
|
|
77,609,033
|
|
8.42
|
|
|
Prime Money Market Fund
|
|
|
641,389,063
|
|
17.53
|
|
|
(7)
|
Denotes a restricted security which has been deemed liquid by criteria approved by the Board of Directors of Marshall Funds, Inc.
|
|
(8)
|
Please refer to the Statement of Additional Information for an explanation of the credit ratings. Credit ratings contained in the Schedule of Investments are unaudited.
|
|
(9)
|
Securities that are subject to alternative minimum tax represent 8.15% of the Intermediate Tax-Free Fund's portfolio and 4.84% of the Prime Money Market Fund’s
portfolio as calculated based upon total portfolio market value.
|
|
(10)
|
Securities have redemption features that may delay redemption beyond seven days.
|
|
(11)
|
Each issue shows the rate of the discount at the time of purchase.
|
|
(12)
|
Issue is in default or bankruptcy.
|
|
(13)
|
Denotes an investment in an affiliated entity. An affiliated entity is an entity in which the Fund has ownership of at least 5% of the voting securities or any
investment in a Marshall Fund. Transactions during the period with entities which are affiliates as of May 31, 2010 are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fund/Security
|
|
Value
Beginning
of Period
|
|
Purchases
|
|
Sales
Proceeds
|
|
Dividends
Credited
to Income
|
|
Value End
of Period
|
|
Small-Cap Growth Fund
DJSP Enterprises, Inc.
|
|
$
|
—
|
|
$
|
5,070,293
|
|
$
|
—
|
|
$
|
—
|
|
$
|
3,928,166
|
|
Ultra Short Tax-Free Fund
Marshall Tax-Free Money Market Fund, Class I, 0.530%
|
|
|
—
|
|
|
174,268,184
|
|
|
140,998,331
|
|
|
71,172
|
|
|
33,269,853
|
|
Intermediate Tax-Free Fund
Marshall Tax-Free Money Market Fund, Class I, 0.530%
|
|
|
10,378,049
|
|
|
113,899,142
|
|
|
100,428,580
|
|
|
67,018
|
|
|
23,848,611
|
|
Corporate Income Fund
Marshall Prime Money Market Fund, Class I, 0.180%
|
|
|
487,879
|
|
|
62,808,583
|
|
|
58,166,215
|
|
|
5,429
|
|
|
5,130,247
|
|
Core Plus Bond Fund
Marshall Prime Money Market Fund, Class I, 0.180%
|
|
|
1,599,638
|
|
|
36,924,838
|
|
|
35,595,415
|
|
|
7,151
|
|
|
2,929,061
|
The following acronyms are used throughout this
report:
|
|
|
|
|
|
|
ACA
|
|
—
|
|
American Capital Access Corporation
|
|
ADED
|
|
—
|
|
Arkansas Department of Economic Development
|
|
ADR
|
|
—
|
|
American Depository Receipt
|
|
AGC
|
|
—
|
|
Assured Guaranty Corporation
|
|
AGM
|
|
—
|
|
Federal Agriculture Mortgage Corporation
|
|
AMBAC
|
|
—
|
|
American Municipal Bond Assurance Corporation
|
|
AMT
|
|
—
|
|
Alternative Minimum Tax
|
|
BHAC
|
|
—
|
|
Berkshire Hathaway Assurance Corporation
|
|
BMA
|
|
—
|
|
Bond Market Association
|
|
CFC
|
|
—
|
|
National Rural Utilities Cooperative Finance Corporation
|
|
CIFG
|
|
—
|
|
CDC IXIS Financial Guaranty
|
|
COLL
|
|
—
|
|
Collateralized
|
|
FGIC
|
|
—
|
|
Financial Guaranty Insurance Corporation
|
|
FHLB
|
|
—
|
|
Federal Home Loan Bank
|
|
FHLMC
|
|
—
|
|
Federal Home Loan Mortgage Corporation
|
|
FNMA
|
|
—
|
|
Federal National Mortgage Association
|
|
FRN
|
|
—
|
|
Floating Rate Note
|
|
|
|
|
|
|
|
FSA
|
|
—
|
|
Financial Security Assurance Corporation
|
|
GDR
|
|
—
|
|
Global Depository Receipt
|
|
GNMA
|
|
—
|
|
Government National Mortgage Association
|
|
GO
|
|
—
|
|
General Obligation
|
|
HFDC
|
|
—
|
|
Health Facility Development Corporation
|
|
HUD
|
|
—
|
|
Department of Housing and Urban Development
|
|
IDC
|
|
—
|
|
Industrial Development Corporation
|
|
IMI
|
|
—
|
|
Investors Mortgage Insurance Company
|
|
INS
|
|
—
|
|
Insured
|
|
LIQ
|
|
—
|
|
Liquidity Agreement
|
|
LLC
|
|
—
|
|
Limited Liability Corporation
|
|
LOC
|
|
—
|
|
Letter of Credit
|
|
LP
|
|
—
|
|
Limited Partnership
|
|
LT
|
|
—
|
|
Limited Tax
|
|
MBIA
|
|
—
|
|
Municipal Bond Insurance Association
|
|
MHF
|
|
—
|
|
Maryland Housing Fund
|
|
MTN
|
|
—
|
|
Medium Term Note
|
|
NATL-RE
|
|
—
|
|
National Rural Utilities Cooperative Finance Corporation Reinsurance
|
|
NVDR
|
|
—
|
|
Non-Voting Depository Receipt
|
|
PCA
|
|
—
|
|
Pollution Control Authority
|
|
PLC
|
|
—
|
|
Public Limited Company
|
|
PSF
|
|
—
|
|
Permanent School Fund Guaranteed
|
|
PUFG
|
|
—
|
|
Permanent University Fund Guarantee
|
|
RADIAN
|
|
—
|
|
Radian Asset Assurance
|
|
REITs
|
|
—
|
|
Real Estate Investment Trusts
|
|
REMIC
|
|
—
|
|
Real Estate Mortgage Investment Conduit
|
|
TCRs
|
|
—
|
|
Transferable Custody Receipts
|
|
TRANs
|
|
—
|
|
Tax and Revenue Anticipation Notes
|
|
UT
|
|
—
|
|
Unlimited Tax
|
|
VRNs
|
|
—
|
|
Variable Rate Notes
|
|
XLCA
|
|
—
|
|
XL Capital Assurance
|
Additional Information Associated with the Schedules of Investments
1. Federal Tax Information
The
difference between book basis and tax basis unrealized appreciation/depreciation is attributable in part to the tax deferral of losses on wash sales, the realization for tax purposes of unrealized gains on investments in passive foreign investment
companies and the discount accretion/premium amortization of debt securities.
The identified cost for tax purposes of investments owned by
each Fund and their respective gross unrealized appreciation and depreciation at May 31, 2010 are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fund
|
|
Cost of
Investments
for
Federal Tax
Purposes
|
|
Gross
Unrealized
Appreciation for
Federal Tax
Purposes
|
|
Gross
Unrealized
(Depreciation) for
Federal Tax
Purposes
|
|
|
Net
Unrealized
Appreciation
(Depreciation) for
Federal Tax
Purposes
|
|
|
Large-Cap Value Fund
|
|
$
|
193,538,610
|
|
$
|
27,092,918
|
|
$
|
(7,783,689
|
)
|
|
$
|
19,309,229
|
|
|
Large-Cap Growth Fund
|
|
|
203,499,415
|
|
|
17,703,009
|
|
|
(10,268,243
|
)
|
|
|
7,434,766
|
|
|
Mid-Cap Value Fund
|
|
|
305,294,230
|
|
|
38,753,069
|
|
|
(17,126,704
|
)
|
|
|
21,626,365
|
|
|
Mid-Cap Growth Fund
|
|
|
289,771,689
|
|
|
36,703,437
|
|
|
(7,705,552
|
)
|
|
|
28,997,885
|
|
|
Small-Cap Growth Fund
|
|
|
513,939,444
|
|
|
55,343,097
|
|
|
(18,082,172
|
)
|
|
|
37,260,925
|
|
|
International Stock Fund
|
|
|
70,015,900
|
|
|
5,245,917
|
|
|
(6,180,975
|
)
|
|
|
(935,058
|
)
|
|
Emerging Markets Equity Fund
|
|
|
46,137,626
|
|
|
13,386,863
|
|
|
(2,091,760
|
)
|
|
|
11,295,103
|
|
|
Ultra Short Tax-Free Fund
|
|
|
236,246,995
|
|
|
568,109
|
|
|
(136,778
|
)
|
|
|
431,331
|
|
|
Short-Term Income Fund
|
|
|
141,690,600
|
|
|
2,179,431
|
|
|
(3,956,750
|
)
|
|
|
(1,777,319
|
)
|
|
Short-Intermediate Bond Fund
|
|
|
250,658,900
|
|
|
2,300,706
|
|
|
(8,269,638
|
)
|
|
|
(5,968,932
|
)
|
|
Intermediate Tax-Free Fund
|
|
|
331,528,169
|
|
|
9,645,554
|
|
|
(314,602
|
)
|
|
|
9,330,952
|
|
|
Government Income Fund
|
|
|
632,695,208
|
|
|
15,840,136
|
|
|
(7,111,037
|
)
|
|
|
8,729,099
|
|
|
Corporate Income Fund
|
|
|
71,713,281
|
|
|
3,195,431
|
|
|
(167,866
|
)
|
|
|
3,027,565
|
|
|
Aggregate Bond Fund
|
|
|
415,372,600
|
|
|
6,363,011
|
|
|
(3,358,437
|
)
|
|
|
3,004,574
|
|
|
Core Plus Bond Fund
|
|
|
67,497,480
|
|
|
4,546,223
|
|
|
(145,496
|
)
|
|
|
4,400,727
|
|
|
Government Money Market Fund*
|
|
|
601,722,361
|
|
|
—
|
|
|
—
|
|
|
|
—
|
|
|
Tax-Free Money Market Fund*
|
|
|
920,861,175
|
|
|
—
|
|
|
—
|
|
|
|
—
|
|
|
Prime Money Market Fund*
|
|
|
3,652,983,414
|
|
|
—
|
|
|
—
|
|
|
|
—
|
|
2. Securities Lending
Certain Funds participate in a securities lending program, providing for the lending of corporate bonds, equity and government securities
to qualified brokers. The Funds receive cash as collateral in return for the securities and record a corresponding payable for collateral due to the respective broker. The amount of cash collateral received is maintained at a minimum level of 100%
of the prior day’s market value on securities loaned. Collateral is reinvested in short-term securities including overnight repurchase agreements, commercial paper, master notes, floating rate corporate notes (with at least quarterly reset
rates) and money market funds, the valuation of which is discussed in "Investment Valuations" in Note 1 of the Notes to the Financial Statements. When a Fund lends its portfolio securities, it is subject to the risk that it may not be able to get
them back from the borrower on a timely basis, in which case the Fund may lose certain investment opportunities. A Fund is also subject to the risks associated with the investments of cash collateral received from the borrower. On May 18, 2000,
the Securities and Exchange Commission issued an order to the Marshall Funds that exempts certain securities lending activities from prohibitions under the Act. Under the terms of the exemptive order, (i) the Funds may pay a portion of net
revenue to Marshall & Ilsley Trust Company N.A. (“M&I Trust”) for its services as securities lending agent, and (ii) cash collateral received for a loan of one Fund’s securities may be invested jointly with
collateral received for loans of other Funds’ securities.
Cash collateral received as part of the securities lending program was jointly pooled and invested in the
following securities as of May 31, 2010 (1):
|
|
|
|
|
|
Description
|
|
Value
|
|
ANZ National (Int’l) Ltd., 144a, 0.500%, 8/30/2010 (2)
|
|
$
|
24,964,236
|
|
Blackrock Liquidity TempCash Money Market Fund, 0.161%
|
|
|
20,833,237
|
|
Blackrock Liquidity TempFund Money Market Fund, 0.158%
|
|
|
118,000,000
|
|
Concord Minutemen Capital Co., LLC, 0.600%, 6/2/2010 (2)
|
|
|
24,942,083
|
|
FCAR Owner Trust I, 0.540%, 9/15/2010 (2)
|
|
|
24,955,000
|
|
Fidelity Institutional Money Market Fund, 0.231%
|
|
|
502,000,000
|
|
Govco LLC, 144a, 0.450%, 8/9/2010 (2)
|
|
|
24,971,563
|
|
Metlife Insurance FA, 0.544%, 8/26/2010
|
|
|
20,000,000
|
|
Natixis U.S. Finance Co., LLC, 0.610%, 10/22/2010 (2)
|
|
|
24,924,174
|
|
Toyota Motor Credit Corp., 0.500%, 8/12/2010 (2)
|
|
|
24,967,361
|
|
UBS AG Stamford, 0.450%, 6/7/2010
|
|
|
25,000,340
|
|
|
|
|
|
|
Total
|
|
$
|
835,557,994
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fund
|
|
Value
of
Securities
Loaned
|
|
Payable on
Collateral Due
to Brokers
|
|
Large-Cap Value Fund
|
|
$
|
29,739,663
|
|
$
|
30,787,735
|
|
Large-Cap Growth Fund
|
|
|
42,423,472
|
|
|
43,918,541
|
|
Mid-Cap Value Fund
|
|
|
82,605,098
|
|
|
85,516,229
|
|
Mid-Cap Growth Fund
|
|
|
99,630,282
|
|
|
103,141,405
|
|
Small-Cap Growth Fund
|
|
|
167,468,067
|
|
|
173,369,896
|
|
International Stock Fund
|
|
|
5,946,735
|
|
|
6,156,308
|
|
Short-Term Income Fund
|
|
|
10,992,856
|
|
|
11,380,263
|
|
Short-Intermediate Bond Fund
|
|
|
69,669,713
|
|
|
72,124,979
|
|
Government Income Fund
|
|
|
167,685,349
|
|
|
173,594,835
|
|
Corporate Income Fund
|
|
|
9,920,167
|
|
|
10,269,767
|
|
Aggregate Bond Fund
|
|
|
110,384,141
|
|
|
114,274,246
|
|
Core Plus Bond Fund
|
|
|
10,648,520
|
|
|
11,023,790
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
807,114,063
|
|
$
|
835,557,994
|
|
|
|
|
|
|
|
|
|
|
(1)
|
The collateral pool is managed by the fixed income group within M&I Investment Management Corp., the Funds’ investment adviser (the “Adviser”).
Floating rate securities are securities whose yields vary with a designated market index or market rate. These securities are shown at their current rates as of May 31, 2010.
|
|
|
(2)
|
Each issue shows the rate of the discount at the time of purchase.
|
3. Fair Value Measurements Discussion and Disclosure
In September 2006, the Financial Accounting Standards Board (“FASB”), issued
Fair Valuation Measurements and Disclosures
which defines
fair value, establishes a framework for measuring fair value in accordance with generally accepted accounting principles (“GAAP”), and expands disclosures about fair value measurements.
Fair Valuation Measurements and Disclosures
establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from sources independent of the reporting entity (observable inputs), and (2) the reporting
entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). It also provides guidance on determining when there has been a significant decrease in
the volume and level of activity for an asset or liability, when a transaction is not orderly and how that information must be incorporated into fair value measurement. The Funds adopted
Fair Valuation Measurements and Disclosures
as of
September 1, 2008.
Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in the
three broad levels listed below:
Level 1—quoted prices for active markets for identical securities. An active market for
the security is a market in which transactions occur with sufficient frequency and volume to provide pricing information on an ongoing basis.
Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds,
credit risk, etc.)
Level 3—significant unobservable inputs, including the Fund’s own assumptions in determining the
fair value of investments.
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated
with investing in those securities. For example, Money Market holdings are valued using amortized cost under 2a-7 of the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of the holding, but since the
value is not obtained from a quoted price in an active market, such holdings are reflected as Level 2. The following is a summary of each Fund's fair value measurements as of May 31, 2010:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Large-Cap Value Fund
|
|
|
|
|
Level 1
|
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
|
Common Stocks*
|
|
$
|
177,797,018
|
|
|
$
|
—
|
|
$
|
—
|
|
$
|
177,797,018
|
|
|
Purchased Call Options
|
|
|
1,007,714
|
|
|
|
—
|
|
|
—
|
|
|
1,007,714
|
|
|
Short-Term Investments
|
|
|
—
|
|
|
|
3,255,372
|
|
|
—
|
|
|
3,255,372
|
|
|
Total
|
|
$
|
178,804,732
|
|
|
$
|
3,255,372
|
|
$
|
—
|
|
$
|
182,060,104
|
|
|
|
|
Large-Cap Growth Fund
|
|
|
|
|
Level 1
|
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
|
Common Stocks*
|
|
$
|
163,885,050
|
|
|
$
|
—
|
|
$
|
—
|
|
$
|
163,885,050
|
|
|
Purchased Call Options
|
|
|
780,715
|
|
|
|
—
|
|
|
—
|
|
|
780,715
|
|
|
Short-Term Investments
|
|
|
—
|
|
|
|
2,349,875
|
|
|
—
|
|
|
2,349,875
|
|
|
Total
|
|
$
|
164,665,765
|
|
|
$
|
2,349,875
|
|
$
|
—
|
|
$
|
167,015,640
|
|
|
|
|
Mid-Cap Value Fund
|
|
|
|
|
Level 1
|
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
|
Common Stocks*
|
|
$
|
236,591,963
|
|
|
$
|
—
|
|
$
|
—
|
|
$
|
236,591,963
|
|
|
Short-Term Investments
|
|
|
—
|
|
|
|
4,812,403
|
|
|
—
|
|
|
4,812,403
|
|
|
Total
|
|
$
|
236,591,963
|
|
|
$
|
4,812,403
|
|
$
|
—
|
|
$
|
241,404,366
|
|
|
|
|
Mid-Cap Growth Fund
|
|
|
|
|
Level 1
|
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
|
Common Stocks*
|
|
$
|
211,652,255
|
|
|
$
|
—
|
|
$
|
—
|
|
$
|
211,652,255
|
|
|
Short-Term Investments
|
|
|
—
|
|
|
|
3,975,914
|
|
|
—
|
|
|
3,975,914
|
|
|
Total
|
|
$
|
211,652,255
|
|
|
$
|
3,975,914
|
|
$
|
—
|
|
$
|
215,628,169
|
|
|
|
|
Small-Cap Growth Fund
|
|
|
|
|
Level 1
|
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
|
Common Stocks*
|
|
$
|
368,988,854
|
|
|
$
|
—
|
|
$
|
—
|
|
$
|
368,988,854
|
|
|
Short-Term Investments
|
|
|
—
|
|
|
|
8,841,619
|
|
|
—
|
|
|
8,841,619
|
|
|
Total
|
|
$
|
368,988,854
|
|
|
$
|
8,841,619
|
|
$
|
—
|
|
$
|
377,830,473
|
|
|
|
|
International Stock Fund
|
|
|
|
|
Level 1
|
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
|
Common Stocks
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Argentina
|
|
$
|
20,571
|
|
|
$
|
—
|
|
$
|
—
|
|
$
|
20,571
|
|
|
Australia
|
|
|
—
|
|
|
|
2,031,421
|
|
|
—
|
|
|
2,031,421
|
|
|
Austria
|
|
|
—
|
|
|
|
25,908
|
|
|
—
|
|
|
25,908
|
|
|
Belgium
|
|
|
—
|
|
|
|
93,458
|
|
|
—
|
|
|
93,458
|
|
|
Bermuda
|
|
|
—
|
|
|
|
248,033
|
|
|
—
|
|
|
248,033
|
|
|
Brazil
|
|
|
648,109
|
|
|
|
—
|
|
|
—
|
|
|
648,109
|
|
|
Canada
|
|
|
1,327,896
|
|
|
|
—
|
|
|
—
|
|
|
1,327,896
|
|
|
Cayman Islands
|
|
|
—
|
|
|
|
9,827
|
|
|
—
|
|
|
9,827
|
|
|
China
|
|
|
—
|
|
|
|
467,366
|
|
|
—
|
|
|
467,366
|
|
|
Denmark
|
|
|
—
|
|
|
|
929,748
|
|
|
—
|
|
|
929,748
|
|
|
Finland
|
|
|
—
|
|
|
|
51,571
|
|
|
—
|
|
|
51,571
|
|
|
France
|
|
|
—
|
|
|
|
4,088,611
|
|
|
—
|
|
|
4,088,611
|
|
|
Germany
|
|
|
—
|
|
|
|
6,579,679
|
|
|
—
|
|
|
6,579,679
|
|
|
Hong Kong
|
|
|
—
|
|
|
|
2,046,495
|
|
|
—
|
|
|
2,046,495
|
|
|
India
|
|
|
—
|
|
|
|
1,327,115
|
|
|
—
|
|
|
1,327,115
|
|
|
Indonesia
|
|
|
—
|
|
|
|
56,549
|
|
|
—
|
|
|
56,549
|
|
|
Ireland
|
|
|
428,663
|
|
|
|
566,939
|
|
|
—
|
|
|
995,602
|
|
|
Israel
|
|
|
257,106
|
|
|
|
—
|
|
|
—
|
|
|
257,106
|
|
|
Italy
|
|
|
—
|
|
|
|
815,259
|
|
|
—
|
|
|
815,259
|
|
|
Japan
|
|
|
—
|
|
|
|
12,060,630
|
|
|
—
|
|
|
12,060,630
|
|
|
Malaysia
|
|
|
—
|
|
|
|
180,343
|
|
|
—
|
|
|
180,343
|
|
|
Mexico
|
|
|
204,793
|
|
|
|
—
|
|
|
—
|
|
|
204,793
|
|
|
Netherlands
|
|
|
1,635,943
|
|
|
|
1,468,380
|
|
|
—
|
|
|
3,104,323
|
|
|
New Zealand
|
|
|
—
|
|
|
|
302,962
|
|
|
—
|
|
|
302,962
|
|
|
Norway
|
|
|
—
|
|
|
|
1,515,086
|
|
|
—
|
|
|
1,515,086
|
|
|
Portugal
|
|
|
—
|
|
|
|
884,716
|
|
|
—
|
|
|
884,716
|
|
|
Russia
|
|
|
—
|
|
|
|
408,829
|
|
|
—
|
|
|
408,829
|
|
|
Singapore
|
|
|
—
|
|
|
|
2,350,949
|
|
|
—
|
|
|
2,350,949
|
|
|
South Africa
|
|
|
—
|
|
|
|
286,000
|
|
|
—
|
|
|
286,000
|
|
|
South Korea
|
|
|
—
|
|
|
|
1,226,905
|
|
|
—
|
|
|
1,226,905
|
|
|
Spain
|
|
|
—
|
|
|
|
651,262
|
|
|
—
|
|
|
651,262
|
|
|
Sweden
|
|
|
—
|
|
|
|
1,731,094
|
|
|
—
|
|
|
1,731,094
|
|
|
Switzerland
|
|
|
—
|
|
|
|
2,187,503
|
|
|
—
|
|
|
2,187,503
|
|
|
Taiwan
|
|
|
357,210
|
|
|
|
742,136
|
|
|
—
|
|
|
1,099,346
|
|
|
Turkey
|
|
|
—
|
|
|
|
322,991
|
|
|
—
|
|
|
322,991
|
|
|
United Kingdom
|
|
|
—
|
|
|
|
8,916,787
|
|
|
—
|
|
|
8,916,787
|
|
|
United States
|
|
|
—
|
|
|
|
409,897
|
|
|
—
|
|
|
409,897
|
|
|
Preferred Stocks
|
|
|
—
|
|
|
|
647,829
|
|
|
—
|
|
|
647,829
|
|
|
Rights
|
|
|
11,423
|
|
|
|
—
|
|
|
—
|
|
|
11,423
|
|
|
Short-Term Investments
|
|
|
—
|
|
|
|
2,400,542
|
|
|
—
|
|
|
2,400,542
|
|
|
Total
|
|
$
|
4,891,714
|
|
|
$
|
58,032,820
|
|
$
|
—
|
|
$
|
62,924,534
|
|
|
|
|
Emerging Markets Equity Fund
|
|
|
|
|
Level 1
|
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
|
Common Stocks
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bermuda
|
|
$
|
485,595
|
|
|
$
|
900,573
|
|
$
|
—
|
|
$
|
1,386,168
|
|
|
Brazil
|
|
|
7,242,451
|
|
|
|
—
|
|
|
—
|
|
|
7,242,451
|
|
|
Chile
|
|
|
1,020,334
|
|
|
|
—
|
|
|
—
|
|
|
1,020,334
|
|
|
China
|
|
|
1,574,317
|
|
|
|
5,690,056
|
|
|
—
|
|
|
7,264,373
|
|
|
Colombia
|
|
|
465,002
|
|
|
|
—
|
|
|
—
|
|
|
465,002
|
|
|
Czech Republic
|
|
|
—
|
|
|
|
1,026,438
|
|
|
—
|
|
|
1,026,438
|
|
|
Eqypt
|
|
|
—
|
|
|
|
985,336
|
|
|
—
|
|
|
985,336
|
|
|
Hong Kong
|
|
|
1,512,984
|
|
|
|
570,530
|
|
|
—
|
|
|
2,083,514
|
|
|
India
|
|
|
612,637
|
|
|
|
4,241,912
|
|
|
—
|
|
|
4,854,549
|
|
|
Indonesia
|
|
|
—
|
|
|
|
499,767
|
|
|
—
|
|
|
499,767
|
|
|
Israel
|
|
|
400,625
|
|
|
|
579,415
|
|
|
—
|
|
|
980,040
|
|
|
Mexico
|
|
|
3,060,618
|
|
|
|
—
|
|
|
—
|
|
|
3,060,618
|
|
|
Poland
|
|
|
—
|
|
|
|
422,497
|
|
|
—
|
|
|
422,497
|
|
|
Portugal
|
|
|
—
|
|
|
|
330,948
|
|
|
—
|
|
|
330,948
|
|
|
Russia
|
|
|
1,092,653
|
|
|
|
4,442,616
|
|
|
—
|
|
|
5,535,269
|
|
|
South Africa
|
|
|
—
|
|
|
|
4,099,178
|
|
|
—
|
|
|
4,099,178
|
|
|
South Korea
|
|
|
760,074
|
|
|
|
4,851,734
|
|
|
—
|
|
|
5,611,808
|
|
|
Taiwan
|
|
|
575,084
|
|
|
|
3,756,988
|
|
|
—
|
|
|
4,332,072
|
|
|
Thailand
|
|
|
—
|
|
|
|
2,195,914
|
|
|
—
|
|
|
2,195,914
|
|
|
Turkey
|
|
|
—
|
|
|
|
1,452,822
|
|
|
—
|
|
|
1,452,822
|
|
|
United Kingdom
|
|
|
—
|
|
|
|
1,237,895
|
|
|
—
|
|
|
1,237,895
|
|
|
Short-Term Investments
|
|
|
—
|
|
|
|
1,345,736
|
|
|
—
|
|
|
1,345,736
|
|
|
Total
|
|
$
|
18,802,374
|
|
|
$
|
38,630,355
|
|
$
|
—
|
|
$
|
57,432,729
|
|
|
|
|
Ultra Short Tax-Free Fund
|
|
|
|
|
Level 1
|
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
|
Municipals
|
|
$
|
1,351,039
|
|
|
$
|
191,484,006
|
|
$
|
—
|
|
$
|
192,835,045
|
|
|
Short-Term Investments
|
|
|
—
|
|
|
|
43,843,280
|
|
|
—
|
|
|
43,843,280
|
|
|
Total
|
|
$
|
1,351,039
|
|
|
$
|
235,327,286
|
|
$
|
—
|
|
$
|
236,678,325
|
|
|
|
|
Short-Term Income Fund
|
|
|
|
|
Level 1
|
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
|
Asset-Backed Securities
|
|
$
|
—
|
|
|
$
|
12,633,622
|
|
$
|
—
|
|
$
|
12,633,622
|
|
|
Collateralized Mortgage Obligations
|
|
|
—
|
|
|
|
13,335,020
|
|
|
—
|
|
|
13,335,020
|
|
|
Commercial Mortgage Securities
|
|
|
—
|
|
|
|
20,816,573
|
|
|
—
|
|
|
20,816,573
|
|
|
Corporate Bonds & Notes
|
|
|
—
|
|
|
|
49,659,999
|
|
|
1,980,450
|
|
|
51,640,449
|
|
|
Municipals
|
|
|
—
|
|
|
|
1,545,298
|
|
|
—
|
|
|
1,545,298
|
|
|
Mutual Funds
|
|
|
8,645,972
|
|
|
|
—
|
|
|
—
|
|
|
8,645,972
|
|
|
U.S. Government & U.S. Government Agency Obligations
|
|
|
—
|
|
|
|
2,192,604
|
|
|
—
|
|
|
2,192,604
|
|
|
U.S. Government Agency-Mortgage Securities
|
|
|
—
|
|
|
|
1,098,420
|
|
|
—
|
|
|
1,098,420
|
|
|
Short-Term Investments
|
|
|
—
|
|
|
|
16,625,060
|
|
|
—
|
|
|
16,625,060
|
|
|
Total
|
|
$
|
8,645,972
|
|
|
$
|
117,906,596
|
|
$
|
1,980,450
|
|
$
|
128,533,018
|
|
|
|
|
Short-Intermediate Bond Fund
|
|
|
|
|
Level 1
|
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
|
Collateralized Mortgage Obligations
|
|
$
|
—
|
|
|
$
|
5,583,551
|
|
$
|
—
|
|
$
|
5,583,551
|
|
|
Commercial Mortgage Securities
|
|
|
—
|
|
|
|
18,417,638
|
|
|
—
|
|
|
18,417,638
|
|
|
Corporate Bonds & Notes
|
|
|
—
|
|
|
|
56,029,087
|
|
|
3,260,000
|
|
|
59,289,087
|
|
|
U.S. Government & U.S. Government Agency Obligations
|
|
|
—
|
|
|
|
53,756,861
|
|
|
—
|
|
|
53,756,861
|
|
|
Short-Term Investments
|
|
|
—
|
|
|
|
35,517,852
|
|
|
—
|
|
|
35,517,852
|
|
|
Total
|
|
$
|
—
|
|
|
$
|
169,304,989
|
|
$
|
3,260,000
|
|
$
|
172,564,989
|
|
|
|
|
Intermediate Tax-Free Fund
|
|
|
|
|
Level 1
|
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
|
Municipals
|
|
$
|
1,454,180
|
|
|
$
|
309,144,940
|
|
$
|
—
|
|
$
|
310,599,120
|
|
|
Short-Term Investments
|
|
|
—
|
|
|
|
30,450,441
|
|
|
—
|
|
|
30,450,441
|
|
|
Total
|
|
$
|
1,454,180
|
|
|
$
|
339,595,381
|
|
$
|
—
|
|
$
|
341,049,561
|
|
|
|
|
Government Income Fund
|
|
|
|
|
Level 1
|
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
|
Asset-Backed Securities
|
|
$
|
—
|
|
|
$
|
2,049,776
|
|
$
|
—
|
|
$
|
2,049,776
|
|
|
Collateralized Mortgage Obligations
|
|
|
—
|
|
|
|
38,220,261
|
|
|
—
|
|
|
38,220,261
|
|
|
Commercial Mortgage Securities
|
|
|
—
|
|
|
|
36,267,814
|
|
|
—
|
|
|
36,267,814
|
|
|
Corporate Bonds & Notes
|
|
|
—
|
|
|
|
3,967,704
|
|
|
2,445,000
|
|
|
6,412,704
|
|
|
U.S. Government & U.S. Government Agency Obligations
|
|
|
—
|
|
|
|
50,992,130
|
|
|
—
|
|
|
50,992,130
|
|
|
U.S. Government Agency-Mortgage Securities
|
|
|
—
|
|
|
|
231,625,959
|
|
|
—
|
|
|
231,625,959
|
|
|
Short-Term Investments
|
|
|
—
|
|
|
|
102,260,828
|
|
|
—
|
|
|
102,260,828
|
|
|
Total
|
|
$
|
—
|
|
|
$
|
465,384,472
|
|
$
|
2,445,000
|
|
$
|
467,829,472
|
|
|
|
|
Corporate Income Fund
|
|
|
|
|
Level 1
|
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
|
Asset-Backed Securities
|
|
$
|
—
|
|
|
$
|
4,632,659
|
|
$
|
—
|
|
$
|
4,632,659
|
|
|
Corporate Bonds & Notes
|
|
|
—
|
|
|
|
45,163,833
|
|
|
—
|
|
|
45,163,833
|
|
|
U.S. Government & U.S. Government Agency Obligations
|
|
|
—
|
|
|
|
545,757
|
|
|
—
|
|
|
545,757
|
|
|
Short-Term Investments
|
|
|
—
|
|
|
|
14,128,830
|
|
|
—
|
|
|
14,128,830
|
|
|
Total
|
|
$
|
—
|
|
|
$
|
64,471,079
|
|
$
|
—
|
|
$
|
64,471,079
|
|
|
|
|
Aggregate Bond Fund
|
|
|
|
|
Level 1
|
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
|
Collateralized Mortgage Obligations
|
|
$
|
—
|
|
|
$
|
9,643,484
|
|
$
|
—
|
|
$
|
9,643,484
|
|
|
Commercial Mortgage Securities
|
|
|
—
|
|
|
|
18,977,366
|
|
|
—
|
|
|
18,977,366
|
|
|
Corporate Bonds & Notes
|
|
|
—
|
|
|
|
84,450,812
|
|
|
—
|
|
|
84,450,812
|
|
|
Municipals
|
|
|
—
|
|
|
|
6,063,224
|
|
|
—
|
|
|
6,063,224
|
|
|
U.S. Government & U.S. Government Agency Obligations
|
|
|
—
|
|
|
|
76,480,060
|
|
|
—
|
|
|
76,480,060
|
|
|
U.S. Government Agency-Mortgage Securities
|
|
|
—
|
|
|
|
37,440,331
|
|
|
—
|
|
|
37,440,331
|
|
|
Short-Term Investments
|
|
|
—
|
|
|
|
71,047,651
|
|
|
—
|
|
|
71,047,651
|
|
|
Total
|
|
$
|
—
|
|
|
$
|
304,102,928
|
|
$
|
—
|
|
$
|
304,102,928
|
|
|
|
|
Core Plus Bond Fund
|
|
|
|
|
Level 1
|
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
|
Asset-Backed Securities
|
|
$
|
—
|
|
|
$
|
4,681,078
|
|
$
|
—
|
|
$
|
4,681,078
|
|
|
Commercial Mortgage Securities
|
|
|
—
|
|
|
|
2,521,617
|
|
|
—
|
|
|
2,521,617
|
|
|
Corporate Bonds & Notes
|
|
|
—
|
|
|
|
40,955,884
|
|
|
—
|
|
|
40,955,884
|
|
|
U.S. Government & U.S. Government Agency Obligations
|
|
|
—
|
|
|
|
10,943,008
|
|
|
—
|
|
|
10,943,008
|
|
|
U.S. Government Agency-Mortgage Securities
|
|
|
—
|
|
|
|
6,868,389
|
|
|
—
|
|
|
6,868,389
|
|
|
Short-Term Investments
|
|
|
—
|
|
|
|
5,928,231
|
|
|
—
|
|
|
5,928,231
|
|
|
Total
|
|
$
|
—
|
|
|
$
|
71,898,207
|
|
$
|
—
|
|
$
|
71,898,207
|
|
|
|
|
Government Money Market Fund
|
|
|
|
|
Level 1
|
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
|
Commercial Paper
|
|
$
|
—
|
|
|
$
|
24,984,500
|
|
$
|
—
|
|
$
|
24,984,500
|
|
|
Corporate Bonds & Notes
|
|
|
—
|
|
|
|
10,000,000
|
|
|
—
|
|
|
10,000,000
|
|
|
Municipals
|
|
|
—
|
|
|
|
131,110,000
|
|
|
—
|
|
|
131,110,000
|
|
|
U.S. Government & U.S. Government Agency Obligations
|
|
|
—
|
|
|
|
204,992,278
|
|
|
—
|
|
|
204,992,278
|
|
|
Repurchase Agreements
|
|
|
—
|
|
|
|
230,635,583
|
|
|
—
|
|
|
230,635,583
|
|
|
Total
|
|
$
|
—
|
|
|
$
|
601,722,361
|
|
$
|
—
|
|
$
|
601,722,361
|
|
|
|
|
Tax-Free Money Market Fund
|
|
|
|
|
Level 1
|
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
|
Municipals
|
|
$
|
—
|
|
|
$
|
917,743,856
|
|
$
|
—
|
|
$
|
917,743,856
|
|
|
Mutual Funds
|
|
|
—
|
|
|
|
3,117,319
|
|
|
—
|
|
|
3,117,319
|
|
|
Total
|
|
$
|
—
|
|
|
$
|
920,861,175
|
|
$
|
—
|
|
$
|
920,861,175
|
|
|
|
|
Prime Money Market Fund
|
|
|
|
|
Level 1
|
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
|
Certificates of Deposit
|
|
$
|
—
|
|
|
$
|
150,000,000
|
|
$
|
—
|
|
$
|
150,000,000
|
|
|
Commercial Paper
|
|
|
|
|
|
|
1,728,299,655
|
|
|
—
|
|
|
1,728,299,655
|
|
|
Municipals
|
|
|
—
|
|
|
|
361,895,000
|
|
|
—
|
|
|
361,895,000
|
|
|
Notes-Variable
|
|
|
—
|
|
|
|
580,000,000
|
|
|
—
|
|
|
580,000,000
|
|
|
Repurchase Agreements
|
|
|
—
|
|
|
|
689,788,759
|
|
|
—
|
|
|
689,788,759
|
|
|
Trust Demand Notes
|
|
|
—
|
|
|
|
143,000,000
|
|
|
—
|
|
|
143,000,000
|
|
|
Total
|
|
$
|
—
|
|
|
$
|
3,652,983,414
|
|
$
|
—
|
|
$
|
3,652,983,414
|
|
|
|
|
|
|
|
Unrealized Appreciation/Depreciation On Other
Financial
Instruments**
|
|
|
Fund
|
|
Level 1
|
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
|
Large-Cap Value Fund
Written Call Options
|
|
$
|
12,060
|
|
|
$
|
—
|
|
$
|
—
|
|
$
|
12,060
|
|
|
Written Put Options
|
|
|
(193,694
|
)
|
|
|
—
|
|
|
—
|
|
|
(193,694
|
)
|
|
Ultra Short Tax-Free Fund
Futures Contracts
|
|
|
(14,143
|
)
|
|
|
—
|
|
|
—
|
|
|
(14,143
|
)
|
|
Intermediate Tax-Free Fund
Futures Contracts
|
|
|
(21,131
|
)
|
|
|
—
|
|
|
—
|
|
|
(21,131
|
)
|
|
Total
|
|
$
|
(216,908
|
)
|
|
$
|
—
|
|
$
|
—
|
|
$
|
(216,908
|
)
|
|
|
*
|
All sub-categories within Common Stocks represent Level 1 evaluation status.
|
|
|
**
|
Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at
the unrealized appreciation/depreciation on the investment.
|
Following is a reconciliation of assets in which significant
unobservable inputs (Level 3) were used in determing value:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fund
|
|
Beginning balance
September 1, 2009
|
|
Realized gain
(loss)
|
|
Change in unrealized
appreciation
(depreciation)
|
|
Net purchases
(sales)
|
|
Transfers in (out)
of Level 3
|
|
Ending balance
May 31,
2010
|
|
Short-Term Income Fund
Corporate Bonds & Notes
|
|
$
|
1,871,586
|
|
$
|
—
|
|
$
|
108,864
|
|
$
|
—
|
|
$
|
—
|
|
$
|
1,980,450
|
|
Short-Intermediate Bond Fund
Corporate Bonds & Notes
|
|
|
3,080,800
|
|
|
—
|
|
|
179,200
|
|
|
—
|
|
|
—
|
|
|
3,260,000
|
|
Government Income Fund
Corporate Bonds & Notes
|
|
|
2,310,600
|
|
|
—
|
|
|
134,400
|
|
|
—
|
|
|
—
|
|
|
2,445,000
|
4. Options Contracts
Certain Funds may
write covered call and put options on futures, swaps, securities, or currencies a Fund owns, or in which it may invest. Writing put options tends to increase a Fund’s exposure to the underlying instrument. Writing call options tends to decrease
a Fund’s exposure to the underlying instrument. When a Fund writes a call or put option, an amount equal to the premium received is recorded as a liability and subsequently marked to market to reflect the current value of the option written.
These liabilities are reflected as written options outstanding in the Statements of Assets and Liabilities. Payments received, or made, from writing options with premiums to be determined on a future date are reflected as such on the Statements of
Assets and Liabilities. Premiums received from writing options which expire are treated as realized gains. Premiums received from writing options which are exercised or closed are added to the proceeds or offset against amounts paid on the
underlying future, swap, security or currency transaction to determine the realized gain or loss. A Fund, as a writer of an option, has no control over whether the underlying future, swap, security, or currency may be sold (call) or purchased (put)
and, as a result, bears the market risk of an unfavorable change in the price of the future, swap, security, or currency underlying the written option. The risk exists that a Fund may not be able to enter into a closing transaction because of an
illiquid market.
Certain Funds may also purchase put and call options. Purchasing call options tends to increase a Fund’s exposure to
the underlying instrument. Purchasing put options tends to decrease a Fund’s exposure to the underlying instrument. A Fund pays a premium, which is included in a Fund’s Statement of Assets and Liabilities as an investment and subsequently
marked to market to reflect the current value of the option. Premiums paid for purchasing options which expire are treated as realized losses. The risk associated with purchasing put and call options is limited to the premium paid. Premiums paid for
purchasing options which are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying future, swap, security, or currency transaction to determine the realized gain or loss.
For the period ended May 31, 2010, the Large-Cap Value Fund had $984,149 in realized losses on all option contracts and the Large-Cap Growth Fund
had $158,412 in realized gains on all option contracts. During the period ended May 31, 2010, the Large-Cap Value Fund had average written and purchased options outstanding of 3,102 contracts and 5,229 contracts, respectively, while the
Large-Cap Growth Fund had average purchased options outstanding of 1,560 contracts.
At May 31, 2010, the Large-Cap Value Fund had the following outstanding written options:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contracts
|
|
Type
|
|
Expiration Date
|
|
Exercise
Price
|
|
Number Of Contracts
|
|
Market Value
|
|
Unrealized
Appreciation
(Depreciation)
|
|
|
Apache Corp.
|
|
Call
|
|
January 2011
|
|
$
|
120.00
|
|
278
|
|
$
|
58,380
|
|
$
|
54,070
|
|
|
Bank of America Corp.
|
|
Call
|
|
January 2011
|
|
|
20.00
|
|
3922
|
|
|
301,994
|
|
|
(35,302
|
)
|
|
CME Group, Inc.
|
|
Call
|
|
January 2011
|
|
|
370.00
|
|
26
|
|
|
48,490
|
|
|
(9,985
|
)
|
|
Dean Foods Co.
|
|
Call
|
|
June 2010
|
|
|
12.50
|
|
325
|
|
|
4,063
|
|
|
536
|
|
|
Halliburton Co.
|
|
Call
|
|
January 2011
|
|
|
35.00
|
|
916
|
|
|
61,372
|
|
|
125,764
|
|
|
Mastercard, Inc. Class A
|
|
Call
|
|
June 2010
|
|
|
240.00
|
|
40
|
|
|
800
|
|
|
8,280
|
|
|
McKesson Corp.
|
|
Call
|
|
January 2011
|
|
|
75.00
|
|
360
|
|
|
153,000
|
|
|
(86,862
|
)
|
|
Visa, Inc. Class A
|
|
Call
|
|
June 2010
|
|
|
85.00
|
|
200
|
|
|
2,200
|
|
|
17,400
|
|
|
Whirlpool Corp.
|
|
Call
|
|
June 2010
|
|
|
95.00
|
|
67
|
|
|
74,705
|
|
|
(61,841
|
)
|
|
Anadarko Petroleum Corp.
|
|
Put
|
|
June 2010
|
|
|
60.00
|
|
135
|
|
|
109,013
|
|
|
(80,845
|
)
|
|
Halliburton Co.
|
|
Put
|
|
July 2010
|
|
|
29.00
|
|
400
|
|
|
169,000
|
|
|
(112,849
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
|
|
|
|
|
|
6,669
|
|
|
|
|
$
|
(181,634
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At May 31, 2010, the Large-Cap Growth Fund had no outstanding written options.
5. Futures Contracts
Certain Funds may
purchase futures contracts to manage cash flows, enhance yield, and to potentially reduce transaction costs. Upon entering into a futures contract with a broker, the Fund is required to deposit in a segregated account a specified amount of cash or
U.S. government securities. Futures contracts are valued daily and unrealized gains or losses are recorded in a “variation margin” account. Daily, the Fund receives from, or pays to, the broker a specified amount of cash based upon changes
in the variation margin account. When a contract is closed, the Fund recognizes a realized gain or loss. Futures contracts have market risks, including the risk that the change in the value of the contract may not correlate with changes in the value
of the underlying securities.
At May 31, 2010, the following Funds had outstanding futures contracts as set forth below:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fund
|
|
Expiration Date
|
|
Contracts
|
|
Description
|
|
Position
|
|
Unrealized
Depreciation
|
|
|
Ultra Short Tax-Free Fund
|
|
September 2010
|
|
30
|
|
U.S. 2 Year Note
|
|
Short
|
|
$
|
(14,143
|
)
|
|
Intermediate Tax-Free Fund
|
|
September 2010
|
|
20
|
|
U.S. 1 Year Note
|
|
Short
|
|
|
(6,952
|
)
|
|
Intermediate Tax-Free Fund
|
|
September 2010
|
|
30
|
|
U.S. 2 Year Note
|
|
Short
|
|
|
(14,179
|
)
|
During the period ended May 31, 2010,
the Ultra Short Tax-Free Fund had an average of 8 short futures contracts outstanding, the Short-Term Income Fund had an average of 63 long futures contracts outstanding and the Intermediate Tax-Free Fund had an average of 20 short futures contracts
outstanding.
Item 2. Controls and Procedures
|
a)
|
The Registrant’s principal executive officer and principal financial officer have reviewed the Registrant's disclosure controls and procedures (as defined in Rule
30a-3(c) under the Investment Company Act of 1940, as amended (the “Act”)) as of a date within 90 days of the filing of this report and have concluded that the disclosure controls and procedures are effective in ensuring that information
required to be disclosed in this report is appropriately recorded, processed, summarized, reported and made known to them by others within the Registrant and by the Registrant’s service providers.
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b)
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There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the
Registrant’s last fiscal quarter ended May 31, 2010 that materially affected, or were reasonably likely to materially affect, the Registrant’s internal control over financial reporting.
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Item 3. Exhibits
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(a)
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Separate certifications for each principal executive officer and principal financial officer of the Registrant as required by Rule 30a-2(a) under the Act pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002 are filed herewith.
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Exhibit No.
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Description of Exhibit
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99.1
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Certification of Principal Executive Officer
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99.2
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Certification of Principal Financial Officer
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly authorized.
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Marshall Funds, Inc.
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/s/ John M. Blaser
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By:
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John M. Blaser
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President
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July 22, 2010
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Pursuant to the requirements of the
Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
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/s/ John M. Blaser
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By:
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John M. Blaser
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President
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(Principal Executive Officer)
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July 22, 2010
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/s/ Timothy M. Bonin
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By:
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Timothy M. Bonin
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Treasurer
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(Principal Financial Officer)
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July 22, 2010
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