-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Kv45b9eG8oOqMKc0kjLa2MU4sQHauRTm3QsVheXJ/rUc+N7MLG7/dwJofhQaKQTy YoysEZy0sToeLuKfiT6vJA== 0001035449-07-000137.txt : 20070301 0001035449-07-000137.hdr.sgml : 20070301 20070301170948 ACCESSION NUMBER: 0001035449-07-000137 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20061231 FILED AS OF DATE: 20070301 DATE AS OF CHANGE: 20070301 EFFECTIVENESS DATE: 20070301 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEAN FAMILY OF FUNDS CENTRAL INDEX KEY: 0001027624 IRS NUMBER: 000000000 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-07987 FILM NUMBER: 07664513 BUSINESS ADDRESS: STREET 1: 2480 KETTERING TOWER CITY: DAYTON STATE: OH ZIP: 45423 MAIL ADDRESS: STREET 1: 2480 KETTERING TOWER CITY: DAYTON STATE: OH ZIP: 45423 0001027624 S000000507 LARGE CAP VALUE FUND C000001385 LARGE CAP VALUE FUND - CLASS C C000001386 LARGE CAP VALUE FUND - CLASS A DALCX 0001027624 S000000508 SMALL CAP VALUE FUND C000001387 SMALL CAP VALUE FUND - CLASS C C000001388 SMALL CAP VALUE FUND - CLASS A DASCX 0001027624 S000000509 BALANCED FUND C000001389 BALANCED FUND - CLASS C C000001390 BALANCED FUND - CLASS A DABVX 0001027624 S000000510 INTERNATIONAL FUND C000001391 INTERNATIONAL FUND - CLASS C C000001392 INTERNATIONAL FUND - CLASS A DAIVX N-Q 1 deannq.htm DEAN NQ

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number

 

8117987

 

 

Dean Family of Funds

(Exact name of registrant as specified in charter)

 

2480 Kettering Tower, Dayton OH,      45423

(Address of principal executive offices)      (Zip code)

 

Debra E. Rindler

2480 Kettering Tower

Dayton, OH 45423

(Name and address of agent for service)

 

Registrant's telephone number, including area code:

800-327-3656

 

 

Date of fiscal year end:

3/31

 

Date of reporting period:

12/31/06

 

 

Item 1. Schedule of Investments.

 

 

 

DEAN BALANCED FUND

 

 

 

 

 

 

SCHEDULE OF INVESTMENTS

 

 

 

 

 

 

December 31, 2006

 

 

 

 

 

 

 

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares

 

COMMON STOCKS - 60.12%

 

 

 

 

Value

 

 

 

 

 

 

 

 

 

 

 

 

Air Courier Services - 1.27%

 

 

 

 

 

1,000

 

FedEx Corp.

 

 

 

 

 

$       108,620

 

 

 

 

 

 

 

 

 

 

 

 

Air Transportation, Scheduled - 0.72%

 

 

 

 

4,000

 

Southwest Airlines Co.

 

 

 

 

 

61,280

 

 

 

 

 

 

 

 

 

 

 

 

Aircraft Engines & Engine Parts - 1.17%

 

 

 

 

1,600

 

United Technologies Corp.

 

 

 

 

100,032

 

 

 

 

 

 

 

 

 

 

 

 

Auto Controls For Regulating Residential and Commercial Environments - 2.01%

3,800

 

Honeywell International, Inc.

 

 

 

 

171,912

 

 

 

 

 

 

 

 

 

 

 

 

Bituminous Coal & Lignite Surface - 0.70%

 

 

 

 

2,000

 

Arch Coal, Inc.

 

 

 

 

 

60,060

 

 

 

 

 

 

 

 

 

 

 

 

Bottled & Canned Soft Drinks & Carbonated Waters - 0.91%

 

 

 

1,800

 

Cadbury Schweppes Public Ltd., Co. ADR (a)

 

 

 

77,274

 

 

 

 

 

 

 

 

 

 

 

 

Cable & Other Pay Television Services - 2.58%

 

 

 

 

3,400

 

Comcast Corp. - Class A *

 

 

 

 

143,922

1,850

 

Viacom, Inc. - Class B *

 

 

 

 

 

75,906

 

 

 

 

 

 

 

 

 

219,828

 

 

 

 

 

 

 

 

 

 

 

 

Computer Storage Devices - 0.93%

 

 

 

 

 

3,000

 

Seagate Technology

 

 

 

 

 

79,500

 

 

 

 

 

 

 

 

 

 

 

 

Crude Petroleum & Natural Gas - 0.96%

 

 

 

 

1,200

 

Chesapeake Energy Corp.

 

 

 

 

34,860

1,000

 

XTO Energy, Inc.

 

 

 

 

 

47,050

 

 

 

 

 

 

 

 

 

81,910

 

 

 

 

 

 

 

 

 

 

 

 

Drilling Oil & Gas Wells - 2.04%

 

 

 

 

 

1,300

 

Noble Corp.

 

 

 

 

 

98,995

1,800

 

Weatherford International Ltd.*

 

 

 

 

75,222

 

 

 

 

 

 

 

 

 

174,217

 

 

 

 

 

 

 

 

 

 

 

 

Electronic Connectors - 0.76%

 

 

 

 

 

1,200

 

TXU Corp.

 

 

 

 

 

 

65,052

 

 

 

 

 

 

 

 

 

 

 

 

Electronic Computers - 1.18%

 

 

 

 

 

4,000

 

Dell, Inc. *

 

 

 

 

 

 

100,360

 

 

 

 

 

 

 

 

 

 

 

 

Electronic & Other Electrical Equipment - 1.53%

 

 

 

4,000

 

Groupe Danone ADR (a)

 

 

 

 

 

130,400

 

 

 

 

 

 

 

 

 

 

 

 

Fire, Marine & Casualty Insurance - 2.43%

 

 

 

 

2,900

 

American International Group, Inc.

 

 

 

 

207,814

 

 

 

 

 

 

 

 

 

 

 

 

Hospital & Medical Service Plans - 1.47%

 

 

 

 

2,500

 

Coventry Health Care, Inc. *

 

 

 

 

125,125

 

 

 

 

 

 

 

 

 

 

 

 

Instruments For Measuring & Testing of Electricity & Electrical Signals - 0.61%

1,500

 

Agilent Technologies, Inc. *

 

 

 

 

52,275

 

 

 

 

 

 

 

 

 

 

 

 

Insurance Agents, Brokers & Services - 1.66%

 

 

 

 

2,400

 

MetLife, Inc.

 

 

 

 

 

141,624

 

 

 

 

 

 

 

 

 

 

 

 

Measuring & Controlling Devices - 1.59%

 

 

 

 

3,000

 

Themo Fisher Scientific, Inc. *

 

 

 

 

135,870

 

 

 

 

 

 

 

 

 

 

 

 

Medical - Drugs - 1.47%

 

 

 

 

 

1,400

 

Roche Holdings, Ltd. ADR (a)

 

 

 

 

125,297

 

 

 

 

 

 

 

 

 

 

 

 

Motor Vehicles & Passenger Car Bodies - 1.89%

 

 

 

 

1,200

 

Toyota Motor Corp. ADR (a)

 

 

 

 

161,172

 

 

 

DEAN BALANCED FUND

 

SCHEDULE OF INVESTMENTS - continued

 

 

 

 

December 31, 2006

 

 

 

 

 

 

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares

 

COMMON STOCKS - 60.12% - continued

 

 

Value

 

 

 

 

 

 

 

 

 

 

 

National Commercial Banks - 7.39%

 

 

 

 

2,400

 

Bank of America Corp.

 

 

 

 

$        128,136

4,350

 

JPMorgan Chase & Co.

 

 

 

 

210,105

1,100

 

PNC Financial Services Group, Inc.

 

 

 

81,444

3,000

 

US Bancorp

 

 

 

 

 

108,570

1,800

 

Wachovia Corp.

 

 

 

 

102,510

 

 

 

 

 

 

 

 

630,765

 

 

 

 

 

 

 

 

 

 

 

Orthopedic, Prosthetic & Surgical Appliances & Supplies - 1.10%

 

1,200

 

Zimmer Holdings, Inc. *

 

 

 

 

94,056

 

 

 

 

 

 

 

 

 

 

 

Personal Credit Institutions - 1.14%

 

 

 

 

2,000

 

SLM Corp.

 

 

 

 

 

97,540

 

 

 

 

 

 

 

 

 

 

 

Petroleum Refining - 1.97%

 

 

 

 

1,700

 

ConocoPhillips

 

 

 

 

122,315

900

 

Murphy Oil Corp.

 

 

 

 

45,765

 

 

 

 

 

 

 

 

168,080

 

 

 

 

 

 

 

 

 

 

 

Pharmaceutical Preparations - 2.90%

 

 

 

1,300

 

Johnson & Johnson

 

 

 

 

85,826

1,300

 

Novartis AG ADR (a)

 

 

 

 

74,672

2,800

 

Teva Pharmaceutical Industries Ltd. ADR (a)

 

 

87,024

 

 

 

 

 

 

 

 

247,522

 

 

 

 

 

 

 

 

 

 

 

Radio & TV Broadcasting & Communication Equipment - 2.64%

 

1,000

 

L-3 Communications Holdings, Inc.

 

 

 

81,780

7,000

 

Motorola, Inc.

 

 

 

 

143,920

 

 

 

 

 

 

 

 

225,700

 

 

 

 

 

 

 

 

 

 

 

Radiotelephone Communications - 1.13%

 

 

 

1,600

 

Alltel Corp.

 

 

 

 

 

96,768

 

 

 

 

 

 

 

 

 

 

 

Railroads, Line-Hauling - 1.30%

 

 

 

 

2,200

 

Norfolk Southern Corp.

 

 

 

 

110,638

 

 

 

 

 

 

 

 

 

 

 

Retail - Department Stores - 1.16%

 

 

 

 

2,600

 

Federated Department Stores

 

 

 

99,138

 

 

 

 

 

 

 

 

 

 

 

Retail - Drug Stores & Proprietary Stores - 1.79%

 

 

3,200

 

CVS Corp.

 

 

 

 

 

98,912

1,000

 

Medco Health Solutions, Inc. *

 

 

 

53,440

 

 

 

 

 

 

 

 

152,352

 

 

 

 

 

 

 

 

 

 

 

Retail - Grocery Stores - 0.97%

 

 

 

 

2,400

 

Safeway, Inc.

 

 

 

 

82,944

 

 

 

 

 

 

 

 

 

 

 

Retail - Lumber & Other Building Materials Dealers - 1.24%

 

 

3,400

 

Lowe's Companies, Inc.

 

 

 

 

105,910

 

 

 

 

 

 

 

 

 

 

 

Security Brokers, Dealers & Flotation Companies - 1.00%

 

 

900

 

Legg Mason, Inc.

 

 

 

 

85,545

 

 

 

 

 

 

 

 

 

 

 

Semiconductors & Related Devices - 2.10%

 

 

 

3,700

 

Intel Corp.

 

 

 

 

 

74,925

3,500

 

Texas Instruments, Inc.

 

 

 

 

100,800

183

 

Verigy Ltd. *

 

 

 

 

3,248

 

 

 

 

 

 

 

 

178,973

 

 

DEAN BALANCED FUND

SCHEDULE OF INVESTMENTS - continued

 

 

 

 

December 31, 2006

 

 

 

 

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares

 

COMMON STOCKS - 60.12% - continued

 

 

 

Value

 

 

 

 

 

 

 

 

 

 

 

 

Services - Prepackaged Software - 1.50%

 

 

 

 

4,300

 

Microsoft Corp.

 

 

 

 

 

$ 128,398

 

 

 

 

 

 

 

 

 

 

 

 

State Commercial Banks - 1.94%

 

 

 

 

 

 

1,400

 

Northern Trust Corp.

 

 

 

 

 

84,966

1,200

 

State Street Corp.

 

 

 

 

 

80,928

 

 

 

 

 

 

 

 

 

165,894

 

 

 

 

 

 

 

 

 

 

 

 

Telephone Communications (No Radiotelephone) - 0.97%

 

 

 

4,400

 

Sprint Nextel Corp.

 

 

 

 

 

83,116

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL COMMON STOCKS (Cost $4,501,081)

 

 

$ 5,132,961

 

 

 

 

 

 

 

 

 

 

 

 

EXCHANGE TRADED FUNDS - 7.36%

 

 

 

 

7,600

 

iShares Trust Russell 1000 Value Fund

 

 

 

628,520

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL EXCHANGE TRADED FUNDS (Cost $556,472)

 

 

$ 628,520

Principal

 

 

 

 

 

 

 

 

 

Value

 

FIXED INCOME OBLIGATIONS - 29.27%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$150,000

 

Bank of America Corp., 7.400%, 01/15/11

 

 

 

161,704

150,000

 

Commercial Credit Co., 6.625%, 06/01/15

 

 

 

161,404

100,000

 

Freddie Mac, 5.750%, 01/15/12

 

 

 

 

103,546

600,000

 

Freddie Mac, 4.750%, 01/18/11

 

 

 

 

596,564

170,000

 

Fannie Mae, 4.250%, 08/15/10

 

 

 

 

166,381

200,000

 

Fannie Mae, 7.125%, 03/15/07

 

 

 

 

200,772

280,000

 

Fannie Mae, 6.000%, 05/15/08

 

 

 

 

283,275

300,000

 

New Plan Excel, 7.40%, 09/15/09

 

 

 

 

317,319

200,000

 

U.S. Treasury Notes, 6.000%, 08/15/09

 

 

 

206,102

300,000

 

U.S. Treasury Notes, 6.125%, 08/15/07

 

 

 

301,992

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL FIXED INCOME OBLIGATIONS (Cost $2,476,317)

 

 

$ 2,499,059

 

 

 

 

 

 

 

 

 

 

Shares

 

MONEY MARKET SECURITIES - 2.95%

 

 

 

 

251,442

 

AIM STIT-STIC Prime Portfolio - Class I

 

 

 

251,442

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL MONEY MARKET SECURITIES (Cost $251,442)

 

 

$ 251,442

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL INVESTMENTS (Cost $7,785,312) - 99.70%

 

 

$ 8,511,982

 

 

 

 

 

 

 

 

 

 

 

 

Other assets less liabilities - 0.30%

 

 

 

25,499

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL NET ASSETS - 100.00%

 

 

 

 

$ 8,537,481

 

 

 

 

 

 

 

 

 

 

* Non-income producing securities.

 

 

 

 

 

 

(a) American Depositary Receipt - A negotiable certificate issued by a U.S. bank representing a specific

number of shares of a foreign stock traded on a U.S. exchange.

 

 

 

 

 

 

 

 

 

 

Income Tax Information

At December 31, 2006, the aggregate cost of investment securities for income tax purposes was $7,785,312.

 

Net unrealized appreciation aggregated $726,669, of which $794,739 related to appreciated investment

 

 

securities and $68,070 related to depreciated investment securities.

 

 

 

 

                

 

 

 

 

DEAN LARGE CAP VALUE FUND

 

 

 

 

SCHEDULE OF INVESTMENTS

 

 

 

 

 

 

 

December 31, 2006

 

 

 

 

 

 

 

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares

 

COMMON STOCKS - 94.07%

 

 

 

 

Value

 

 

 

 

 

 

 

 

 

 

 

 

Air Courier Services - 2.19%

 

 

 

1,800

 

FedEx Corp.

 

 

 

 

 

 

$195,516

 

 

 

 

 

 

 

 

 

 

 

 

Air Transporation, Scheduled - 1.55%

 

 

 

 

 

9,000

 

Southwest Airlines Co.

 

 

 

 

 

137,880

 

 

 

 

 

 

 

 

 

 

 

 

Aircraft Engines & Engine Parts - 1.40%

 

 

 

 

 

2,000

 

United Technologies Corp.

 

 

 

 

 

125,040

 

 

 

 

 

 

 

 

 

 

 

 

Auto Controls For Regulating Residential & Commercial Environments - 3.20%

 

6,300

 

Honeywell International, Inc.

 

 

 

 

 

285,012

 

 

 

 

 

 

 

 

 

 

 

 

Bituminous Coal & Lignite Surface Mining - 1.11%

 

 

 

 

3,300

 

Arch Coal, Inc.

 

 

 

 

 

 

99,099

 

 

 

 

 

 

 

 

 

 

 

 

Bottled & Canned Soft Drinks & Carbonated Waters - 1.44%

 

 

 

3,000

 

Cadbury Schweppes Public Ltd., Co. ADR (a)

 

 

 

128,790

 

 

 

 

 

 

 

 

 

 

 

 

Cable & Other Pay Television Services - 3.92%

 

 

 

 

5,500

 

Comcast Corp. - Class A *

 

 

 

 

 

232,815

2,850

 

Viacom, Inc. - Class B *

 

 

 

 

 

116,936

 

 

 

 

 

 

 

 

 

349,751

 

 

 

 

 

 

 

 

 

 

 

 

Computer Storage Devices - 1.49%

 

 

 

 

 

5,000

 

Seagate Technology

 

 

 

 

 

132,500

 

 

 

 

 

 

 

 

 

 

 

 

Crude Petroleum & Natural Gas - 1.71%

 

 

 

 

 

2,500

 

Chesapeake Energy Corp

 

 

 

 

 

72,625

1,700

 

XTO Energy, Inc.

 

 

 

 

 

 

79,985

 

 

 

 

 

 

 

 

 

152,610

 

 

 

 

 

 

 

 

 

 

 

 

Drilling Oil & Gas Wells - 3.42%

 

 

 

 

 

2,300

 

Noble Corp.

 

 

 

 

 

 

175,145

3,100

 

Weatherford International Ltd. *

 

129,549

 

 

 

 

 

 

 

 

 

304,694

 

 

 

 

 

 

 

 

 

 

 

 

Electronic Connectors - 1.22%

 

 

 

 

 

2,000

 

TXU Corp.

 

 

 

 

 

 

108,420

 

 

 

 

 

 

 

 

 

 

 

 

Electronic Computers - 2.34%

 

 

8,300

 

Dell, Inc. *

 

 

 

 

 

 

208,247

 

 

 

 

 

 

 

 

 

 

 

 

Electronic & Other Electrical Equipment - 5.04%

 

 

 

 

6,300

 

General Electric Co.

 

 

 

 

 

234,423

6,600

 

Groupe Danone ADR (a)

 

 

 

 

 

215,160

 

 

 

 

 

 

 

 

 

449,583

 

 

 

 

 

 

 

 

 

 

 

 

Fire, Marine & Casualty Insurance - 3.38%

 

 

 

 

4,200

 

American International Group, Inc.

 

 

 

 

300,972

 

 

 

 

 

 

 

 

 

 

 

 

Hospital & Medical Service Plans - 2.08%

 

 

 

3,700

 

Coventry Health Care, Inc. *

 

 

 

 

 

185,185

 

DEAN LARGE CAP VALUE FUND

 

 

 

 

 

SCHEDULE OF INVESTMENTS - continued

 

 

 

 

December 31, 2006

 

 

 

 

 

 

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares

 

COMMON STOCKS - 94.07% - continued

 

 

Value

 

 

 

 

 

 

 

 

 

 

 

Instruments for Measuring & Testing of Electricity & Electric Signals - 1.17%

 

3,000

 

Agilent Technologies, Inc. *

 

 

 

 

$            104,550

 

 

 

 

 

 

 

 

 

 

 

Insurance Agents, Brokers & Services - 2.65%

 

 

 

4,000

 

MetLife, Inc.

 

 

 

 

 

236,040

 

 

 

 

 

 

 

 

 

 

 

Medical - Drugs - 2.51%

 

 

 

 

 

2,500

 

Roche Holdings Ltd. ADR (a)

 

 

 

 

223,744

 

 

 

 

 

 

 

 

 

 

 

Motor Vehicles & Passenger Car Bodies - 2.11%%

 

 

 

1,400

 

Toyota Motor Corp. ADR (a)

 

 

 

 

188,034

 

 

 

 

 

 

 

 

 

 

 

National Commercial Banks - 11.44%

 

 

 

 

4,000

 

Bank of America

 

 

 

 

 

213,560

5,000

 

JPMorgan Chase & Co.

 

 

 

 

241,500

1,900

 

PNC Financial Services Group, Inc.

 

 

 

140,676

7,000

 

US Bancorp

 

 

 

 

 

253,330

3,000

 

Wachovia Corp.

 

 

 

 

 

170,850

 

 

 

 

 

 

 

 

1,019,916

 

 

 

 

 

 

 

 

 

 

 

Orthopedic, Prosthetic & Surgical Appliance & Supplies - 1.76%

 

 

2,000

 

Zimmer Holdings, Inc. *

 

 

 

 

156,760

 

 

 

 

 

 

 

 

 

 

 

Personal Credit Institutions - 1.92%

 

 

 

 

3,500

 

SLM Corp.

 

 

 

 

 

170,695

 

 

 

 

 

 

 

 

 

 

 

Petroleum Refining - 3.28%

 

 

 

 

 

3,000

 

ConocoPhillips

 

 

 

 

 

215,850

1,500

 

Murphy Oil Corp.

 

 

 

 

 

76,275

 

 

 

 

 

 

 

 

292,125

 

 

 

 

 

 

 

 

 

 

 

Pharmaceutical Preparations - 4.93%

 

 

 

 

2,300

 

Johnson & Johnson

 

 

 

 

151,846

2,300

 

Novartis AG ADR (a)

 

 

 

 

132,112

5,000

 

Teva Pharmaceutical Industries Ltd. ADR (a)

 

155,400

 

 

 

 

 

 

 

 

439,358

 

 

 

 

 

 

 

 

 

 

 

Radio & TV Broadcasting & Communication Equipment - 3.17%

 

 

1,700

 

L-3 Communications Holdings, Inc.

 

 

 

139,026

7,000

 

Motorola, Inc.

 

 

 

 

 

143,920

 

 

 

 

 

 

 

 

282,946

 

 

 

 

 

 

 

 

 

 

 

Radiotelephone Communications - 1.83%

 

 

2,700

 

Alltel Corp.

 

 

 

 

 

163,296

 

 

 

 

 

 

 

 

 

 

 

Railroads, Line-Hauling - 1.41%

 

 

 

 

2,500

 

Norfolk Southern Corp.

 

 

 

 

125,725

 

 

 

 

 

 

 

 

 

 

 

Retail - Department Stores - 1.88%

 

 

 

 

4,400

 

Federated Department Stores, Inc.

 

 

 

167,772

 

 

 

 

 

 

 

 

 

 

 

Retail - Drug Stores & Proprietary Stores - 2.41%

 

 

 

5,400

 

CVS Corp.

 

 

 

 

 

166,914

900

 

Medco Health Solutions, Inc. *

 

48,096

 

 

 

 

 

 

 

 

215,010

 

 

DEAN LARGE CAP VALUE FUND

 

 

 

 

 

 

SCHEDULE OF INVESTMENTS - continued

 

 

 

 

 

 

December 31, 2006

 

 

 

 

 

 

 

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares

 

COMMON STOCKS - 94.07% - continued

 

 

 

Value

 

 

 

 

 

 

 

 

 

 

 

 

Retail - Grocery Stores - 1.59%

 

 

 

 

 

4,100

 

Safeway, Inc.

 

 

 

 

 

 

$           141,696

 

 

 

 

 

 

 

 

 

 

 

 

Retail - Lumber & Other Building Materials Dealers - 2.17%

 

 

 

6,200

 

Lowe's Companies, Inc.

 

 

 

 

 

193,130

 

 

 

 

 

 

 

 

 

 

 

 

Security Brokers, Dealers & Flotation Companies - 1.60%

 

 

 

1,500

 

Legg Mason, Inc.

 

 

 

 

 

 

142,575

 

 

 

 

 

 

 

 

 

 

 

 

Semiconductors & Related Devices - 2.89%

 

 

 

 

6,000

 

Intel Corp.

 

 

 

 

 

 

121,500

4,500

 

Texas Instruments, Inc.

 

 

 

 

 

129,600

367

 

Verigy Ltd. *

 

 

 

 

 

 

6,514

 

 

 

 

 

 

 

 

 

257,614

 

 

 

 

 

 

 

 

 

 

 

 

Services - Prepackaged Software - 3.12%

 

 

 

 

 

9,300

 

Microsoft Corp.

 

 

 

 

 

 

277,698

 

 

 

 

 

 

 

 

 

 

 

 

State Commercial Banks - 3.15%

 

 

 

 

 

2,400

 

Northern Trust Corp.

 

 

 

 

 

145,656

2,000

 

State Street Corp.

 

 

 

 

 

 

134,880

 

 

 

 

 

 

 

 

 

280,536

 

 

 

 

 

 

 

 

 

 

 

 

Telephone Communications (No Radiotelephone) - 1.59%

 

 

 

7,500

 

Sprint Nextel Corp.

 

 

 

 

 

141,675

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL COMMON STOCKS (Cost $7,377,928)

 

 

 

$          8,384,194

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EXCHANGE-TRADED FUNDS - 1.48%

 

 

 

 

 

1,600

 

iShares Trust Russell 1000 Value Fund

 

 

 

 

132,320

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL EXCHANGE-TRADED FUNDS (Cost $117,152)

 

 

$                132,320

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MONEY MARKET SECURITIES - 4.65%

 

 

 

3,884

 

AIM STIT-LIQUID Assets Portfolio

 

 

 

 

3,884

410,455

 

AIM STIT-STIC Prime Portfolio - Class I

 

 

 

 

410,455

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL MONEY MARKET SECURITIES (Cost $414,339)

 

 

$                414,339

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL INVESTMENTS (Cost $7,909,419) - 100.20%

 

 

 

$          8,930,853

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities in excess of other assets - (0.20)%

 

 

 

(17,663)

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL NET ASSETS - 100.00%

 

 

 

 

$               8,913,190

 

 

 

 

 

 

 

 

 

 

 

 

 

* Non-income producing securities.

(a) American Depositary Receipt - A negotiable certificate issued by a U.S. bank representing a specific

 

number of shares of a foreign stock traded on a U.S. exchange.

 

 

Income Tax Information

At December 31, 2006, the aggregate cost of investment securities for income tax purposes was $7,909,419.

Net unrealized appreciation aggregated $1,021,434, of which $1,100,799 related to appreciated investment

 

securities and $79,365 related to depreciated investment securities.

 

 

 

DEAN SMALL CAP VALUE FUND

 

 

 

 

 

SCHEDULE OF INVESTMENTS

 

 

 

 

 

December 31, 2006

 

 

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares

 

COMMON STOCKS - 94.19%

 

 

 

Value

 

 

 

 

 

 

 

 

 

 

 

Accident & Health Insurance - 1.49%

 

 

 

 

7,000

 

StanCorp Financial Group, Inc.

 

 

 

 

$315,350

 

 

 

 

 

 

 

 

 

 

 

Air Transportation - 3.00%

 

 

 

 

 

28,000

 

Airtran Holdings, Inc. *

 

 

 

 

328,720

12,000

 

SkyWest, Inc.

 

 

 

 

 

306,120

 

 

 

 

 

 

 

 

634,840

 

 

 

 

 

 

 

 

 

 

 

Crude Petroleum & Natural Gas - 1.45%

 

 

 

 

7,000

 

Forest Oil Corp. *

 

 

 

 

 

228,760

4,000

 

Mariner Energy, Inc. *

 

 

 

 

78,400

 

 

 

 

 

 

 

 

307,160

 

 

 

 

 

 

 

 

 

 

 

Draining & Insulating of Nonferrous Wire - 1.21%

 

 

 

25,000

 

Andrew Corp. *

 

 

 

 

 

255,750

 

 

 

 

 

 

 

 

 

 

 

Electric Services - 1.84%

 

 

 

 

 

12,500

 

Otter Tail Corp.

 

 

 

 

 

389,500

 

 

 

 

 

 

 

 

 

 

 

Electrical Work - 0.94%

 

 

 

 

 

3,500

 

EMCOR Group, Inc. *

 

 

 

 

198,975

 

 

 

 

 

 

 

 

 

 

 

Electromedical & Electrotherapeutic - 0.97%

 

 

 

9,000

 

Somanetics Corp. *

 

 

 

 

205,470

 

 

 

 

 

 

 

 

 

 

 

Electronic Components & Accessories - 1.60%

 

 

 

25,000

 

Vishay Intertechnology, Inc. *

 

 

 

 

338,500

 

 

.

 

 

 

 

 

 

 

 

Fire, Marine & Casualty Insurance - 4.70%

 

 

 

12,000

 

Aspen Insurance Holdings, Ltd.

 

 

 

 

316,320

9,000

 

Endurance Specialty Holdings, Ltd.

 

 

 

329,220

10,000

 

Harleysville Group, Inc.

 

 

 

 

348,200

 

 

 

 

 

 

 

 

993,740

 

 

 

 

 

 

 

 

 

 

 

Games, Toys & Children's Vehicles - 1.79%

 

 

 

40,000

 

LeapFrog Enterprises, Inc. *

 

 

 

 

379,200

 

 

 

 

 

 

 

 

 

 

 

Leisure Durables & Toys - 1.70%

 

 

 

 

25,000

 

Callaway Golf Company

 

 

 

 

360,250

 

 

 

 

 

 

 

 

 

 

 

Men's & Boys' Furnishings, Work Clothing, & Allied Garments - 1.49%

 

20,000

 

Quiksilver, Inc. *

 

 

 

 

 

315,000

 

 

 

 

 

 

 

 

 

 

 

Miscellaneous Chemical Products - 1.83%

 

 

 

 

20,000

 

Hercules, Inc. *

 

 

 

 

 

386,200

 

 

 

 

 

 

 

 

 

 

 

Miscellaneous Plastics Products - 1.18%

 

 

 

 

9,500

 

Spartech Corp.

 

 

 

 

 

249,090

 

 

 

 

 

 

 

 

 

 

 

Motor Vehicle Parts & Accessories - 2.81%

 

 

 

20,000

 

Gentex Corp.

 

 

 

 

 

311,200

20,000

 

Monaco Coach Corp.

 

 

 

 

283,200

 

 

 

 

 

 

 

 

594,400

 

 

DEAN SMALL CAP VALUE FUND

 

 

 

 

 

 

SCHEDULE OF INVESTMENTS - continued

 

 

 

 

 

 

December 31, 2006

 

 

 

 

 

 

 

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares

 

COMMON STOCKS - 94.19% - continued

 

 

 

Value

 

 

 

 

 

 

 

 

 

 

 

 

National Commercial Banks - 2.75%

 

 

 

 

 

6,000

 

First Community Bancorp

 

 

 

 

 

$         313,620

10,000

 

Susquehanna Bancshares, Inc.

 

 

 

 

 

268,800

 

 

 

 

 

 

 

 

 

582,420

 

 

 

 

 

 

 

 

 

 

 

 

Newspapers: Publishing or Publishing & Printing - 1.84%

 

 

 

12,500

 

Lee Enterprises, Inc.

 

 

 

 

 

388,250

 

 

 

 

 

 

 

 

 

 

 

 

Oil & Gas Field Machinery & Equipment - 2.00%

 

 

 

 

5,000

 

Gulfmark Offshore, Inc. *

 

 

 

 

 

187,050

7,500

 

Helix Energy Solutions Group, Inc. *

 

 

 

 

235,275

 

 

 

 

 

 

 

 

 

422,325

 

 

 

 

 

 

 

 

 

 

 

 

Ophthalmic Goods - 1.48%

 

 

 

 

 

 

6,000

 

Bausch & Lomb, Inc.

 

 

 

 

 

312,360

 

 

 

 

 

 

 

 

 

 

 

 

Orthopedic, Prosthetic & Surgical Appliances - 1.56%

 

 

6,000

 

Armor Holdings, Inc. *

 

 

 

 

 

329,100

 

 

 

 

 

 

 

 

 

 

 

 

Paper Mills - 2.44%

 

 

 

 

 

 

16,000

 

Bowater, Inc.

 

 

 

 

 

 

360,000

10,000

 

Glatfelter Co.

 

 

 

 

 

 

155,000

 

 

 

 

 

 

 

 

 

515,000

 

 

 

 

 

 

 

 

 

 

 

 

Paperboard Containers & Boxes - 2.24%

 

 

 

 

 

4,000

 

Greif, Inc. - Class A

 

 

 

 

 

473,600

 

 

 

 

 

 

 

 

 

 

 

 

Pharmaceutical Preparations - 5.38%

 

 

 

 

 

11,000

 

Alpharma, Inc. - Class A

 

 

 

 

 

265,100

8,500

 

Chattem, Inc. *

 

 

 

 

 

 

425,680

20,000

 

Par Pharmaceutical Companies, Inc. *

 

 

 

 

447,400

 

 

 

 

 

 

 

 

 

1,138,180

 

 

 

 

 

 

 

 

 

 

 

 

Plastic Materials, Synthetic Resins & Nonvulcan Elastomers - 1.45%

 

 

41,000

 

PolyOne Corp. *

 

 

 

 

 

 

307,500

 

 

 

 

 

 

 

 

 

 

 

 

Plastics Products - 2.60%

 

 

 

 

 

 

30,000

 

Entegris, Inc. *

 

 

 

 

 

 

324,600

10,000

 

Tupperware Brands Corp.

 

 

 

 

 

226,100

 

 

 

 

 

 

 

 

 

550,700

 

 

 

 

 

 

 

 

 

 

 

 

Radio & TV Broadcasting & Communications - 4.28%

 

 

9,000

 

Comtech Telecommunications Corp. *

 

 

 

 

342,630

14,000

 

DSP Group, Inc. *

 

 

303,800

40,000

 

Powerwave Technologies, Inc. *

 

 

258,000

 

 

 

 

 

 

 

 

 

904,430

 

 

 

 

 

 

 

 

 

 

 

 

Retail - Apparel & Accessory Stores - 1.04%

 

 

 

 

7,500

 

Jos A Bank Clothiers, Inc. *

 

 

 

 

 

220,125

 

 

 

 

 

 

 

 

 

 

 

 

Retail - Eating Places - 3.23%

 

 

 

13,000

 

California Pizza Kitchen, Inc. *

 

 

 

 

 

433,030

7,000

 

Red Robin Gourmet Burgers, Inc. *

 

 

 

 

250,950

 

 

 

 

 

 

 

 

 

683,980

 

 

DEAN SMALL CAP VALUE FUND

 

 

 

 

 

 

SCHEDULE OF INVESTMENTS - continued

 

 

 

 

 

December 31, 2006

 

 

 

 

 

 

 

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares

 

COMMON STOCKS - 94.19% - continued

 

 

 

Value

 

 

 

 

 

 

 

 

 

 

 

 

Retail - Grocery Stores - 0.95%

 

 

 

 

 

5,000

 

Weis Markets, Inc.

 

 

 

200,550

 

 

 

 

 

 

 

 

 

 

 

 

Retail - Miscellaneous Shopping Goods Stores - 2.92%

 

 

4,500

 

Dick's Sporting Goods, Inc. *

 

 

 

 

 

220,455

13,000

 

Hibbett Sporting Goods, Inc. *

 

 

 

 

 

396,890

 

 

 

 

 

 

 

 

 

617,345

 

 

 

 

 

 

 

 

 

 

 

 

Retail - Variety Stores - 1.14%

 

 

 

 

 

20,000

 

Fred's, Inc.

 

 

 

 

 

 

240,800

 

 

 

 

 

 

 

 

 

 

 

 

Retail - Women's Clothing Stores - 0.91%

 

 

 

8,000

 

Talbots, Inc.

 

 

 

 

 

 

192,800

 

 

 

 

 

 

 

 

 

 

 

 

Rolling, Drawing & Extruding of Nonferrous Metals - 1.18%

 

 

 

11,000

 

Tredegar Corp.

 

 

 

 

 

 

248,710

 

 

 

 

 

 

 

 

 

 

 

 

Savings Institution, Federally Chartered - 1.06%

 

 

 

 

8,000

 

BankUnited Financial Corp. - Class A

 

 

 

 

223,680

 

 

 

 

 

 

 

 

 

 

 

 

Semiconductors & Related Devices - 5.79%

 

 

 

 

33,000

 

Aeroflex, Inc. *

 

 

 

 

 

 

386,760

20,000

 

Exar Corp. *

 

 

 

 

 

 

260,000

13,000

 

Integrated Device Technology, Inc. *

 

 

 

 

201,240

23,000

 

Photronics, Inc. *

 

 

375,820

 

 

 

 

 

 

 

 

 

1,223,820

 

 

 

 

 

 

 

 

 

 

 

 

Services - Business Services - 0.90%

 

 

 

 

 

14,000

 

Startek, Inc.

 

 

 

 

 

 

189,560

 

 

 

 

 

 

 

 

 

 

 

 

Services - Computer Programming Service - 1.97%

 

 

 

 

14,000

 

Epiq Systems, Inc. *

 

 

 

 

 

237,580

13,000

 

JDA Software Group, Inc. *

 

 

 

 

 

179,010

 

 

 

 

 

 

 

 

 

416,590

 

 

 

 

 

 

 

 

 

 

 

 

Services - Computer Processing & Data Preparation - 3.31%

 

 

 

10,000

 

Per-Se Technologies, Inc. *

 

 

 

 

 

277,800

23,000

 

Trizetto Group, Inc. *

 

 

 

 

 

422,510

 

 

 

 

 

 

 

 

 

700,310

 

 

 

 

 

 

 

 

 

 

 

 

Services - Home Health Care Services - 1.25%

 

 

 

 

26,000

 

Vistacare, Inc. - Class A *

 

 

 

 

 

263,900

 

 

 

 

 

 

 

 

 

 

 

 

Services - Motion Picture Theaters - 1.45%

 

 

 

 

15,000

 

Carmike Cinemas, Inc.

 

 

 

 

 

305,850

 

 

 

 

 

 

 

 

 

 

 

 

Sporting & Athletic Goods - 1.16%

 

 

 

 

 

17,500

 

Nautilus, Inc.

 

 

 

 

 

 

245,000

 

 

 

 

 

 

 

 

 

 

 

 

State Commercial Bank - 6.81%

 

 

 

 

 

9,000

 

Cathay General Bancorp

 

 

 

 

 

310,590

10,000

 

Central Pacific Financial Corp.

 

387,600

7,000

 

Columbia Banking System, Inc.

 

 

245,840

8,500

 

East West Bancorp

 

301,070

15,000

 

Sterling Bancshares Corp.

 

 

 

 

 

195,300

 

 

 

 

 

 

 

 

 

1,440,400

 

 

DEAN SMALL CAP VALUE FUND

 

 

 

 

 

 

SCHEDULE OF INVESTMENTS - continued

 

 

 

 

 

 

December 31, 2006

 

 

 

 

 

 

 

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares

 

COMMON STOCKS - 94.19% - continued

 

 

 

Value

 

 

 

 

 

 

 

 

 

 

 

 

Switchgear & Switchboard Apparatus - 1.51%

 

 

 

 

10,000

 

Littelfuse, Inc. *

 

 

 

 

 

 

$318,800

 

 

 

 

 

 

 

 

 

 

 

 

Tires & Inner Tubes - 0.68%

 

 

 

10,000

 

Cooper Tire & Rubber Co.

 

 

 

 

 

143,000

 

 

 

 

 

 

 

 

 

 

 

 

Water Transportation - 0.91%

 

 

 

4,000

 

Tidewater, Inc.

 

 

 

 

 

 

193,440

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL COMMON STOCKS (Cost $17,261,252)

 

 

 

$19,915,950

 

 

 

 

 

 

 

 

 

 

 

 

MONEY MARKET SECURITIES - 6.07%

 

 

 

445,717

 

AIM STIT-STIC Prime Portfolio - Class I

 

 

 

 

445,717

836,544

 

AIM STIT-LIQUID Assets Portfolio

 

 

 

 

836,544

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL MONEY MARKET SECURITIES (Cost $1,282,261)

 

 

$1,282,261

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL INVESTMENTS (Cost $18,543,513) - 100.26%

 

$21,198,211

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities in excess of other assets - (0.26)%

 

 

 

(54,677)

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL NET ASSETS - 100.00%

 

 

 

 

$21,143,534

 

 

 

 

 

 

 

 

 

 

 

* Non-income producing securities.

 

 

Income Tax Information

At December 31, 2006, the aggregate cost of investment securities for income tax purposes was $18,543,513.

Net unrealized appreciation aggregated $2,654,698, of which $3,134,034 related to appreciated investment

 

securities and $479,336 related to depreciated investment securities.

 

 

 

 

DEAN INTERNATIONAL FUND

 

 

 

 

SCHEDULE OF INVESTMENTS

 

 

 

 

December 31, 2006

 

 

 

 

 

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares

 

COMMON STOCKS - 99.24%

 

 

Value

 

 

 

 

 

 

 

 

 

 

Australia - 3.04%

 

 

 

 

25,046

 

ABC Learning Centres Ltd.

 

 

 

$165,828

58,631

 

Telestra Corp. Ltd.

 

 

 

191,324

29,316

 

Telestra Corporation Ins. *

 

 

 

62,158

22,033

 

Transurban Group

 

 

 

132,333

 

 

 

 

 

 

 

551,643

 

 

 

 

 

 

 

 

 

 

Belgium - 0.86%

 

 

 

 

1,274

 

KBC Bankverzekeringsholding

 

 

156,058

 

 

 

 

 

 

 

 

 

 

Brazil - 8.02%

 

 

27,793

 

All America Latina Logist-PR

 

 

288,605

3,663

 

Compania De Bebidas (a)

 

 

 

178,754

9,142

 

Diagnosticos Da America S.A. *

 

 

195,472

10,350

 

Gafisa S.A. *

 

 

 

 

154,838

15,500

 

Natura Cosmeticos S.A.

 

 

 

218,888

2,537

 

Petroleo Brasileiros ADR (a) *

 

 

237,159

5,800

 

Porto Seguro S.A.

 

 

 

181,960

 

 

 

 

 

 

 

1,455,676

 

 

 

 

 

 

 

 

 

 

Canada - 0.53%

 

 

 

 

47,021

 

Oncolytics Biotech, Inc. *

 

 

 

96,571

 

 

 

 

 

 

 

 

 

 

Columbia - 0.66%

 

 

 

 

13,117

 

Suramericana De Inversiones

 

 

 

119,940

 

 

 

 

 

 

 

 

 

 

Finland - 0.69%

 

 

 

 

4,594

 

Elisa Corp.

 

 

 

 

125,693

 

 

 

 

 

 

 

 

 

 

France - 8.57%

 

 

 

18,256

 

Alcatel Alsthom Cie

 

 

 

262,382

2,676

 

AXA

 

 

 

 

108,218

1,694

 

L'Oreal Euro

 

 

 

 

169,534

3,471

 

Sanofi-Synthelabo

 

 

 

320,143

2,194

 

Societe Generale

 

 

 

372,031

1,332

 

Veolia Environment

 

 

 

102,570

5,646

 

Vivendi Universal

 

 

 

220,435

 

 

 

 

 

 

 

1,555,313

 

 

 

 

 

 

 

 

 

 

Germany - 13.28%

 

 

 

 

1,065

 

Allianz SE

 

 

 

 

217,536

13,528

 

Comdirect Bank AG

 

 

 

166,424

1,596

 

Deutsche Boerse AG

 

 

 

294,052

4,545

 

Deutsche Post AG

 

 

 

137,237

2,741

 

Deutsche Postbank AG

 

 

 

230,368

3,005

 

Deutsche Wohnen AG

 

 

 

192,845

2,007

 

E.On Ag NPV

 

273,343

1,223

 

Henkel KGAA Non-VTG

 

 

 

179,967

1,046

 

K + S AG

 

 

 

 

113,441

5,635

 

Praktiker Bau-Und Heimwerk A

 

 

201,208

5,812

 

SAP AG GR

 

 

 

 

309,146

3,650

 

Symrise AG *

 

 

93,849

 

 

 

 

 

 

 

2,409,416

*See notes which are an integral part of these financial statements.

DEAN INTERNATIONAL FUND

 

 

 

 

SCHEDULE OF INVESTMENTS - continued

 

 

 

December 31, 2006

 

 

 

 

 

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares

 

COMMON STOCKS - 99.24% - continued

 

Value

 

 

 

 

 

 

 

 

 

 

Hong Kong - 2.45%

 

 

 

 

18,500

 

Espirit Holdings Ltd.

 

 

 

$206,592

690,000

 

Shanghai Real Estate

 

 

 

238,656

 

 

 

 

 

 

 

445,248

 

 

 

 

 

 

 

 

 

 

Indonesia - 1.50%

 

 

 

 

73,000

 

Astra International Bank

 

 

 

127,436

248,500

 

Bank of Central Asia

 

 

 

143,682

 

 

 

 

 

 

 

271,118

 

 

 

 

 

 

 

 

 

 

Italy - 1.19%

 

 

 

 

 

24,551

 

Unicredito Italiano S.p.A.

 

 

 

214,951

 

 

 

 

 

 

 

 

 

 

Japan - 12.88%

 

 

 

 

3,800

 

Canon, Inc.

 

 

 

 

213,671

12,000

 

Daimaru, Inc.

 

 

 

 

162,444

45

 

Japan Tobacco, Inc.

 

 

 

217,154

5,000

 

Kao Corp.

 

 

 

 

134,698

15

 

Mitsubishi UFJ Financial Group

 

 

185,053

24

 

Mizuho Financial Group

 

 

 

171,206

1,900

 

Murata MFG Co.

 

 

 

128,362

19,000

 

Nikko Cordial Corp.

 

 

 

217,658

3,800

 

NSD Co., Ltd.

 

120,549

27

 

NTT Data Corp.

 

 

 

135,051

6,700

 

Toyota Motor Corp.

 

 

 

447,585

2,410

 

Yamada Denki Co.

 

 

 

204,280

 

 

 

 

 

 

 

2,337,711

 

 

 

 

 

 

 

 

 

 

Kazakhstan - 1.01%

 

 

 

 

8,514

 

Kazkommertsbank GDR (b) *

 

 

182,455

 

 

 

 

 

 

 

 

 

 

Malaysia - 1.41%

 

 

 

 

117,100

 

AMMB Holdings

 

 

 

105,549

65,900

 

Bursa Malaysia BHD

 

 

 

150,367

 

 

 

 

 

 

 

255,916

 

 

 

 

 

 

 

 

 

 

Mexico - 0.42%

 

 

 

 

17,100

 

Grupo Famsa SA *

 

 

 

76,601

 

 

 

 

 

 

 

 

 

 

Netherlands - 3.66%

 

 

 

 

5,273

 

Koninklijke Numico

 

 

 

283,326

3,894

 

Philips Electronics

 

 

 

146,692

13,773

 

Reed Elsevier NV

 

 

 

234,635

 

 

 

 

 

 

 

664,653

 

 

Russia - 2.23%

 

 

825

 

LUKOIL (a)

 

 

 

 

72,559

2,398

 

OAO Gazprom (a)

 

 

 

110,308

4,200

 

Sistema HALS GDR (b) *

 

 

 

55,860

5,198

 

Sistema JSFC GDR (b)

 

 

 

166,336

 

 

 

 

 

 

 

405,063

 

DEAN INTERNATIONAL FUND

 

 

 

 

SCHEDULE OF INVESTMENTS - continued

 

 

 

December 31, 2006

 

 

 

 

 

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares

 

COMMON STOCKS - 99.24% - continued

 

Value

 

 

 

 

 

 

 

 

 

 

Singapore - 2.52%

 

 

 

 

14,000

 

DBS Group Holdings Ltd.

 

 

 

$206,218

22,000

 

Singapore Airlines Ltd.

 

 

 

250,929

 

 

 

 

 

 

 

457,147

 

 

 

 

 

 

 

 

 

 

South Korea - 2.95%

 

 

 

 

2,790

 

Hana Financial Corp. *

 

 

 

146,700

131

 

Lotte Shopping Co. *

 

 

 

54,372

552

 

Samsung Electronic - 144A GDR (b)

 

 

181,608

880

 

Samsung Fire & Marine

 

 

 

152,817

 

 

 

 

 

 

 

535,497

 

 

 

 

 

 

 

 

 

 

South Africa - 0.60%

 

 

 

 

9,016

 

MTN Group Ltd.

 

 

 

109,075

 

 

 

 

 

 

 

 

 

 

Sweden - 3.24%

 

 

 

 

75,333

 

Ericsson

 

 

 

 

304,392

9,298

 

Nordea Bank

 

 

 

 

143,349

4,400

 

Skandinaviska Enskilda Banke

 

 

139,851

 

 

 

 

 

 

 

587,592

 

 

 

 

 

 

 

 

 

 

Switzerland - 10.38%

 

 

 

 

2,557

 

CIE Financiere Rechemon

 

 

 

148,724

1,075

 

Nestlé S.A.

 

 

 

 

381,318

474

 

Noble Biocare Holding AG

 

139,886

6,709

 

Novartis AG

 

 

 

 

386,096

2,189

 

Roche Holding AG Genusscheine

 

 

391,821

769

 

Syngenta AG *

 

142,813

1,118

 

Synthes, Inc.

 

 

 

 

133,076

2,630

 

UBS AG

 

 

 

 

159,541

 

 

 

 

 

 

 

1,883,275

 

 

 

 

 

 

 

 

 

 

Thailand - 1.50%

 

 

 

 

50,600

 

Advanced Information Services plc

 

 

108,478

101,800

 

Siam Commercial Bank plc

 

163,331

 

 

 

 

 

 

 

271,809

 

 

 

 

 

 

 

 

 

 

Taiwan - 1.44%

 

 

 

 

39,000

 

Bangkok Bank pcl

 

 

 

124,066

14,964

 

Fubon Financial Holdings GDR (b) *

 

 

137,669

 

 

 

 

 

 

 

261,735

 

DEAN INTERNATIONAL FUND

 

 

 

 

 

SCHEDULE OF INVESTMENTS - continued

 

 

 

 

December 31, 2006

 

 

 

 

 

 

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares

 

COMMON STOCKS - 99.24% - continued

 

 

Value

 

 

 

 

 

 

 

 

 

 

 

United Kingdom - 14.21%

 

 

 

 

 

5,620

 

Anglo American plc

 

 

 

 

273,961

2,280

 

Astrazeneca plc

 

 

 

 

122,433

5,865

 

BHP Billiton plc

 

 

 

 

107,257

18,634

 

GlaxoSmithKline plc

 

 

 

 

490,100

31,465

 

Icap plc

 

 

 

 

 

294,638

3,031

 

Imperial Tobacco

 

 

 

 

119,223

11,870

 

Prudential plc

 

 

 

 

 

162,487

25,700

 

Reuters Group plc

 

 

 

 

223,932

21,712

 

Smith & Nephew

 

 

 

 

226,468

10,563

 

Standard Chartered plc

 

 

 

 

308,415

90,367

 

Vodafone Group plc

 

 

 

 

250,233

 

 

 

 

 

 

 

 

2,579,147

 

 

 

 

 

 

 

 

 

 

 

TOTAL COMMON STOCKS (Cost $14,926,395)

 

 

$       18,009,303

 

 

 

 

 

 

 

 

 

 

 

MONEY MARKET SECURITIES - 0.07%

 

 

 

12,544

 

Dreyfus Cash Management

 

 

 

 

$                12,544

 

 

 

 

 

 

 

 

 

 

 

TOTAL MONEY MARKET SECURITIES (Cost $12,544)

 

$                   12,544

 

 

 

 

 

 

 

 

 

 

 

TOTAL INVESTMENTS (Cost $14,498,939) - 99.31%

 

$            18,021,847

 

 

 

 

 

 

 

 

 

 

 

Cash and other assets less liabilities - 0.69%

 

 

125,815

 

 

 

 

 

 

 

 

 

 

 

TOTAL NET ASSETS - 100.00%

 

 

 

$              18,147,662

 

 

 

 

 

 

 

 

 

* Non-income producing securities.

 

 

 

 

 

(a) American Depositary Receipt - A negotiable certificate issued by a U.S. bank representing a specific

number of shares of a foreign stock traded on a U.S. exchange.

 

 

 

(b) Global Depositary Receipt - A negotiable certificate held in the bank of one country representing a

specific number of shares of a stock traded on an exchange of another country.

 

 

 

DEAN INTERNATIONAL FUND

 

 

 

 

 

 

SCHEDULE OF INVESTMENTS - continued

 

 

 

 

 

December 31, 2006

 

 

 

 

 

 

 

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DIVERSIFICATION OF ASSETS:

 

 

 

 

 

Percentage of

 

 

 

 

 

 

 

 

Net Assets

Banking

 

 

 

 

 

 

 

17.27%

Pharmaceutical

 

 

 

 

 

 

 

12.01%

Communications

9.45%

Financial Services

8.42%

Insurance

 

 

 

 

 

 

 

6.10%

Transportation

 

 

 

 

 

 

 

4.46%

Personal Care

 

 

 

 

 

 

 

3.67%

Electronics

 

 

 

 

 

 

 

3.64%

Food & Beverages

 

 

 

 

 

 

3.08%

Motor Vehicles

 

 

 

 

 

 

 

2.47%

Media

 

 

 

 

 

 

 

2.45%

Retail

 

 

 

 

 

 

 

2.44%

Oil & Natural Gas

 

 

 

 

 

 

2.31%

Tobacco Products

1.85%

Building Materials

 

 

 

 

 

 

1.11%

Computers

 

 

 

 

 

 

 

0.66%

Mining and Metals

 

 

 

 

 

 

0.59%

Semiconductors

 

 

 

 

 

 

 

0.00%

Other

 

 

 

 

 

 

 

17.26%

Real Estate Investment Trust

 

 

 

 

 

0.00%

Total

 

 

 

 

 

 

 

99.24%

Money Market

 

 

 

 

 

 

 

0.07%

Liabilities in excess of cash and other assets

 

 

 

 

0.69%

Grand Total

 

 

 

 

 

 

 

100.00%

 

 

 

 

 

 

 

 

 

 

Income Tax Information

At December 31, 2006, the aggregate cost of investment securities for income tax purposes was $14,938,939.

Net unrealized appreciation aggregated $3,082,908, of which $3,256,346 related to appreciated investment

 

securities and $173,438 related to depreciated investment securities.

 

 

 

 

 

Item 2. Controls and Procedures.

 

(a) Based on an evaluation of the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) as of a date within 90 days of the filing date of this Form N-Q, the disclosure controls and procedures are reasonably designed to ensure that the information required in filings on Forms N-Q is recorded, processed, summarized, and reported on a timely basis.

 

(b) There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.

 

Item 3. Exhibits.

 

Certifications by the registrant's principal executive officer and principal financial officer, pursuant to Rule 30a-2(a) under the Investment Company Act of 1940, are filed herewith.

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.

 

Registrant

 

Dean Family of Funds

 

 

 

By

 

/s/ Stephen M. Miller

 

 

 

Stephen M. Miller, President (Principal executive officer)

 

 

Date

 

03/01/07

 

 

 

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.

 

 

By

 

/s/ Stephen M. Miller

 

 

 

Stephen M. Miller, President (Principal executive officer)

 

 

Date

 

03/01/07

 

 

By

 

/s/ Debra E. Rindler

 

 

 

Debra E. Rindler, Secretary, Treasurer and Chief Compliance Officer(Principal financial officer)

 

 

Date

 

03/01/07

 

 

 

 

 

 

 EX-99.CERT 2 cert99.htm CERT 99

FORM N-Q CERTIFICATION

 

I, Stephen Miller, certify that:

 

1.

I have reviewed this report on Form N-Q of Dean Family of Funds;

 

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.

Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

 

4.

The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3 (d) under the Investment Company Act of 1940) for the registrant and have:

 

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principals;

 

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

 

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5.

The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

 

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

 

Date:

 

03/01/07

 

/s/ Stephen Miller­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­

 

 

 

 

Stephen Miller, President

 

 

 

 

 

 

FORM N-Q CERTIFICATION

 

I, Debra E. Rindler, certify that:

 

1.

I have reviewed this report on Form N-Q of Dean Family of Funds;

 

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.

Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

 

4.

The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3 (d) under the Investment Company Act of 1940) for the registrant and have:

 

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principals;

 

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

 

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5.

The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

 

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

 

Date:

 

03/01/07

 

/s/ Debra E. Rindler

 

 

 

 

Debra E. Rindler, Secretary, Treasurer and Chief Compliance Officer

 

 

 

 

 

 -----END PRIVACY-ENHANCED MESSAGE-----