-----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, NxOMl1q6eJM1T/ZHpDupQw5pFfO5G6WQuFOtSEQiMymXSeF3ghAwva4/chOr2bPN IhsGQGAyyHu34vwHFOoe7Q== 0000930413-09-005826.txt : 20091118 0000930413-09-005826.hdr.sgml : 20091118 20091118114243 ACCESSION NUMBER: 0000930413-09-005826 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090930 FILED AS OF DATE: 20091118 DATE AS OF CHANGE: 20091118 EFFECTIVENESS DATE: 20091118 FILER: COMPANY DATA: COMPANY CONFORMED NAME: XANTHUS FUND LLC CENTRAL INDEX KEY: 0001076673 IRS NUMBER: 134038889 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-09205 FILM NUMBER: 091192509 BUSINESS ADDRESS: STREET 1: CIBC OPPENHEIMER TOWER, 31ST FLOOR STREET 2: ONE WORLD FINANCIAL CNT, 200 LIBERTY ST CITY: NEW YORK STATE: NY ZIP: 10281 BUSINESS PHONE: 2126674225 MAIL ADDRESS: STREET 1: CIBC OPPENHEIMER TOWER, 31ST FLOOR STREET 2: ONE WORLD FINANCIAL CNT, 200 LIBERTY ST CITY: NEW YORK STATE: NY ZIP: 10281 N-Q 1 c59273_nq.txt 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 811-09205 ------------------- ADVANTAGE ADVISERS XANTHUS FUND, LLC ------------------------------------------------------- (Exact name of registrant as specified in charter) 200 Park Avenue, 24th Floor New York, NY 10166 ------------------------------------------------------------ (Address of principal executive offices) (Zip code) Kenneth Gerstein Schulte, Roth and Zabel LLP 919 3rd Avenue, 24th Floor New York, NY 10022 ------------------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: 212-667-4225 ------------- Date of fiscal year end: December 31 ------------ Date of reporting period: September 30, 2009 ------------------- Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (ss.ss. 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles. A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. ss. 3507. ITEM 1. SCHEDULE OF INVESTMENTS. The Schedule(s) of Investments is attached herewith. ADVANTAGE ADVISERS XANTHUS FUND, L.L.C. SCHEDULE OF PORTFOLIO INVESTMENTS (UNAUDITED)
- ---------------------------------------------------------------------------------------------------------------------------- SEPTEMBER 30, 2009 SHARES VALUE ------ ------------------ INVESTMENT IN SECURITIES - 92.48% COMMON STOCK - 91.96% UNITED STATES - 66.99% APPAREL MANUFACTURERS - 2.50% 269,390 Polo Ralph Lauren Corp. $ 20,640,662 ------------ COMMERCIAL SERVICES - FINANCE - 5.95% 121,783 Mastercard, Inc., Class A (a) 24,618,434 354,930 Visa, Inc., Class A Shares (a) 24,529,212 ------------ 49,147,646 ------------ COMPUTERS - 4.69% 209,260 Apple, Inc.* (a) 38,790,526 ------------ COMPUTERS - INTEGRATED SYSTEMS - 1.74% 1,830,415 Brocade Communications Systems, Inc.* (a) 14,387,062 ------------ COMPUTERS - MEMORY DEVICES - 8.69% 917,250 EMC Corp.* (a) 15,629,940 767,720 NetApp, Inc.* (a) 20,482,770 1,644,388 SanDisk Corp.* (a) 35,683,219 ------------ 71,795,929 ------------ DATA PROCESSING / MANAGEMENT - 0.74% 292,980 CommVault Systems, Inc.* 6,079,335 ------------ E-COMMERCE / SERVICES - 2.08% 728,660 eBay, Inc.* (a) 17,203,663 ------------ ELECTRIC - INTEGRATED - 1.40% 209,518 FPL Group, Inc. (a) 11,571,679 ------------ ELECTRONIC COMPONENTS - MISCELLANEOUS - 1.12% 778,495 AVX Corp. (a) 9,287,445 ------------ ELECTRONIC COMPONENTS - SEMICONDUCTORS - 7.22% 274,805 Amkor Technology, Inc.* 1,890,658 1,024,856 Applied Micro Circuits Corp.* 10,238,312 854,430 MEMC Electronic Materials, Inc.* (a) 14,209,171 1,762,570 PMC - Sierra, Inc.* 16,850,169 494,806 QLogic Corp.* 8,510,663 341,887 Xilinx, Inc. 8,006,994 ------------ 59,705,967 ------------
-1- ADVANTAGE ADVISERS XANTHUS FUND, L.L.C. SCHEDULE OF PORTFOLIO INVESTMENTS (UNAUDITED) (CONTINUED)
- ---------------------------------------------------------------------------------------------------------------------------- SEPTEMBER 30, 2009 SHARES VALUE ------ ------------------ COMMON STOCK - (CONTINUED) UNITED STATES - (CONTINUED) ENERGY - ALTERNATE SOURCES - 0.48% 686,830 GT Solar International, Inc.* (a) $ 3,990,482 ------------ ENGINEERING / R&D SERVICES - 2.49% 209,090 Foster Wheeler AG* 6,672,062 433,512 Shaw Group, Inc.* 13,911,400 ------------ 20,583,462 ------------ ENTERPRISE SOFTWARE / SERVICES - 5.60% 437,283 BMC Software, Inc.* (a) 16,411,231 475,770 CA, Inc. (a) 10,462,182 475,940 Informatica Corp.* (a) 10,746,725 382,837 Taleo Corp., Class A* 8,667,430 ------------ 46,287,568 ------------ FINANCE - OTHER SERVICES - 1.17% 99,460 IntercontinentalExchange, Inc.* 9,666,517 ------------ INDUSTRIAL AUDIO & VIDEO PRODUCTION - 1.56% 338,380 Dolby Laboratories, Inc., Class A* (a) 12,922,732 ------------ INTERNET INFRASTRUCTURE SOFTWARE - 0.98% 855,493 TIBCO Software, Inc.* 8,118,628 ------------ INVESTMENT MANAGEMENT / ADVISORY SERVICES - 2.83% 232,833 Franklin Resources, Inc. (a) 23,423,000 ------------ MEDICAL - BIOMEDICAL / GENETICS - 2.67% 292,510 Gilead Sciences, Inc.* (a) 13,625,116 239,970 OSI Pharmaceuticals, Inc.* 8,470,941 ------------ 22,096,057 ------------ NETWORKING PRODUCTS - 1.61% 491,410 Juniper Networks, Inc.* (a) 13,277,898 ------------ POWER CONVERSION / SUPPLY EQUIPMENT - 1.38% 382,042 Sunpower Corp., Class A* (a) 11,419,235 ------------ RETAIL - DISCOUNT - 1.74% 295,820 Dollar Tree, Inc.* (a) 14,400,518 ------------
-2- ADVANTAGE ADVISERS XANTHUS FUND, L.L.C. SCHEDULE OF PORTFOLIO INVESTMENTS (UNAUDITED) (CONTINUED)
- ---------------------------------------------------------------------------------------------------------------------------- SEPTEMBER 30, 2009 SHARES VALUE ------ ------------------ COMMON STOCK - (CONTINUED) UNITED STATES - (CONTINUED) SEMICONDUCTOR COMPONENTS - INTEGRATED CIRCUITS - 2.69% 122,299 Analog Devices, Inc. $ 3,373,006 681,590 Linear Technology Corp. (a) 18,832,332 ------------ 22,205,338 ------------ TELEPHONE - INTEGRATED - 0.14% 297,843 Qwest Communications International, Inc. 1,134,782 ------------ WEB HOSTING / DESIGN - 3.91% 126,577 Equinix, Inc.* 11,645,084 1,212,711 Rackspace Hosting, Inc.* 20,688,850 ------------ 32,333,934 ------------ WEB PORTALS / ISP - 1.61% 747,969 Yahoo!, Inc.* 13,321,328 ------------ TOTAL UNITED STATES (COST $485,702,110) $553,791,393 ------------ BERMUDA - 2.05% SEMICONDUCTOR COMPONENTS - INTEGRATED CIRCUITS - 2.05% 1,047,941 Marvell Technology Group, Ltd.* 16,966,165 ------------ TOTAL BERMUDA (COST $16,887,044) $ 16,966,165 ------------ CANADA - 3.30% COMPUTERS - 1.78% 218,286 Research in Motion, Ltd.* 14,745,219 ------------ ENTERPRISE SOFTWARE / SERVICES - 1.27% 282,230 Open Text Corp.* 10,535,646 ------------ OIL COMPANIES - INTEGRATED - 0.25% 59,060 Suncor Energy, Inc. 2,041,114 ------------ TOTAL CANADA (COST $29,792,443) $ 27,321,979 ------------ CHINA - 4.72% BUILDING PRODUCTS - CEMENT / AGGREGATE - 0.61% 6,754,476 China Shanshui Cement Group, Ltd. 5,046,198 ------------
-3- ADVANTAGE ADVISERS XANTHUS FUND, L.L.C. SCHEDULE OF PORTFOLIO INVESTMENTS (UNAUDITED) (CONTINUED)
- ---------------------------------------------------------------------------------------------------------------------------- SEPTEMBER 30, 2009 SHARES VALUE ------ ------------------ COMMON STOCK - (CONTINUED) CHINA - (CONTINUED) COMMERCIAL BANKS - NON U.S. - 1.56% 16,172,023 China Construction Bank Corp., Class H $ 12,916,625 ------------ INDUSTRIAL GASES - 0.13% 1,204,525 Yingde Gases Group Co.* 1,087,947 ------------ INSURANCE BROKERS - 0.81% 290,406 CNinsure, Inc. - Sponsored ADR 6,667,722 ------------ POWER CONVERSION / SUPPLY EQUIPMENT - 0.39% 809,684 Ja Solar Holdings Co., Ltd. - Sponsored ADR* 3,263,027 ------------ RETAIL - REGIONAL DEPARTMENT STORES - 0.88% 4,311,832 Golden Eagle Retail Group, Ltd. 7,232,680 ------------ RETAIL - RESTAURANTS - 0.34% 3,064,924 Ajisen China Holdings, Ltd. 2,728,744 110,537 Little Sheep Group, Ltd. 53,343 ------------ 2,782,087 ------------ TOTAL CHINA (COST $36,589,994) $ 38,996,286 ------------ FRANCE - 4.21% BATTERIES / BATTERY SYSTEMS - 1.41% 209,000 Saft Groupe SA 11,608,901 ------------ ENTERTAINMENT SOFTWARE - 1.51% 659,649 UBISOFT Entertainment * 12,476,949 ------------ TELECOMMUNICATION EQUIPMENT - 1.29% 2,382,747 Alcatel-Lucent - Sponsored ADR 10,698,534 ------------ TOTAL FRANCE (COST $41,665,292) $ 34,784,384 ------------ HONG KONG - 7.55% AGRICULTURAL OPERATIONS - 0.70% 6,811,005 China Green Holdings, Ltd. 5,782,706 ------------ ALTERNATIVE WASTE TECHNOLOGY - 1.61% 32,678,633 China Everbright International, Ltd. 13,282,154 ------------
-4- ADVANTAGE ADVISERS XANTHUS FUND, L.L.C. SCHEDULE OF PORTFOLIO INVESTMENTS (UNAUDITED) (CONTINUED)
- ---------------------------------------------------------------------------------------------------------------------------- SEPTEMBER 30, 2009 SHARES VALUE ------ ------------------ COMMON STOCK - (CONTINUED) HONG KONG - (CONTINUED) AUTOMOBILE / TRUCK PARTS & EQUIPMENT - REPLACEMENT - 0.68% 7,983,457 Xinyi Glass Holdings Co., Ltd. $ 5,603,817 ------------ DISTRIBUTION / WHOLESALE - 0.69% 43,219,336 Inspur International, Ltd. 5,688,167 ------------ DIVERSIFIED OPERATIONS - 2.21% 13,240,379 Guangdong Investment, Ltd. 6,526,162 2,609,338 Shanghai Industrial Holdings, Ltd. 11,767,158 ------------ 18,293,320 ------------ ELECTRONIC MEASURING INSTRUMENTS - 0.48% 4,502,046 Wasion Group Holdings, Ltd. 3,979,189 ------------ GAS - DISTRIBUTION - 1.18% 1,847,856 Beijing Enterprises Holding Ltd. 9,787,580 ------------ TOTAL HONG KONG (COST $54,421,580) $ 62,416,933 ------------ ISRAEL - 0.64% ELECTRONIC COMPONENTS - SEMICONDUCTORS - 0.64% 321,648 Mellanox Technologies, Ltd.* (a) 5,271,811 ------------ TOTAL ISRAEL (COST $4,602,415) $ 5,271,811 ------------ UNITED KINGDOM - 2.50% ELECTRONIC COMPONENTS - SEMICONDUCTORS - 2.50% 2,954,300 ARM Holdings, PLC - Sponsored ADR (a) 20,680,100 ------------ TOTAL UNITED KINGDOM (COST $16,039,459) $ 20,680,100 ------------ TOTAL COMMON STOCK (COST $685,700,337) $760,229,051 ------------
-5- ADVANTAGE ADVISERS XANTHUS FUND, L.L.C. SCHEDULE OF PORTFOLIO INVESTMENTS (UNAUDITED) (CONCLUDED)
- ---------------------------------------------------------------------------------------------------------------------------- SEPTEMBER 30, 2009 CONTRACTS VALUE - --------- ------------------ PURCHASED OPTIONS - 0.52% PUT OPTIONS - 0.52% UNITED STATES - 0.52% REGISTERED INVESTMENT COMPANY - 0.52% 44,086 Powershares, 01/16/2010, $38.00 $ 4,276,342 ------------ TOTAL PUT OPTIONS (COST $10,724,219) $ 4,276,342 ------------ TOTAL PURCHASED OPTIONS (COST $10,724,219) $ 4,276,342 ------------ TOTAL INVESTMENTS IN SECURITIES (COST $696,424,556) - 92.48% $764,505,393 ------------ OTHER ASSETS, LESS LIABILITIES - 7.52% ** 62,154,345 ------------ NET ASSETS - 100.00% $826,659,738 ============
(a) Partially or wholly held in a pledged account by the Custodian as collateral for securities sold, not yet purchased. * Non-income producing security. ** Includes $157,570,460 invested in a PNC Bank Money Market Account, which is 19.06% of net assets. At December 31, 2008, the aggregate cost for Federal income tax purposes of portfolio investments and securities sold, not yet purchased was $782,927,946, and $433,919,218, respectively. For Federal income tax purposes, at December 31, 2008, accumulated net unrealized depreciation on portfolio investments and securities sold, not yet purchased was $87,746,949, consisting of $100,553,866 gross unrealized appreciation and $188,300,815 gross unrealized depreciation. ADR American Depository Receipt -6- ADVANTAGE ADVISERS XANTHUS FUND, L.L.C. SCHEDULE OF SECURITIES SOLD, NOT YET PURCHASED (UNAUDITED)
- ---------------------------------------------------------------------------------------------------------------------------- SEPTEMBER 30, 2009 SHARES VALUE ------ ------------------ SECURITIES SOLD, NOT YET PURCHASED - 45.41% COMMON STOCK - 45.41% UNITED STATES - 18.27% CABLE / SATELLITE TELEVISION - 0.27% 52,444 Time Warner Cable, Inc. $ 2,259,812 ------------ COMMERCIAL BANKS - WESTERN U.S. - 0.44% 444,960 Cathay General Bancorp 3,599,726 ------------ COMPUTERS - MEMORY DEVICES - 0.53% 119,488 Western Digital Corp. 4,364,897 ------------ COMPUTERS - PERIPHERAL EQUIPMENT - 0.18% 59,568 Synaptics, Inc. 1,501,114 ------------ ELECTRIC - INTEGRATED - 1.39% 280,340 Consolidated Edison, Inc. 11,477,120 ------------ ELECTRONIC COMPONENTS - SEMICONDUCTORS - 3.29% 58,350 Fairchild Semiconductor International, Inc. 596,920 611,480 Intel Corp. 11,966,664 428,270 Microsemi Corp. 6,762,383 524,794 Nvidia Corp. 7,887,654 ------------ 27,213,621 ------------ FINANCE - OTHER SERVICES - 1.30% 371,597 NYSE Euronext 10,735,437 ------------ HOTELS & MOTELS - 0.11% 30,130 Choice Hotels International, Inc. 935,838 ------------ MEDICAL INSTRUMENTS - 1.09% 214,830 NuVasive, Inc. 8,971,301 ------------ MULTI-MEDIA - 0.74% 204,810 Meredith Corp. 6,132,011 ------------ RECREATIONAL CENTERS - 0.47% 139,050 Life Time Fitness, Inc. 3,900,352 ------------ REGISTERED INVESTMENT COMPANY - 0.50% 75,538 iShares MSCI South Africa Index Fund 4,135,705 ------------ REITS - APARTMENTS - 3.51% 154,341 AvalonBay Communities, Inc. 11,225,221 185,870 Essex Property Trust, Inc. 14,791,535
-7- ADVANTAGE ADVISERS XANTHUS FUND, L.L.C. SCHEDULE OF SECURITIES SOLD, NOT YET PURCHASED (UNAUDITED) (CONTINUED)
- ---------------------------------------------------------------------------------------------------------------------------- SEPTEMBER 30, 2009 SHARES VALUE ------ ------------------ COMMON STOCK - (CONTINUED) UNITED STATES - (CONTINUED) REITS - APARTMENTS (CONTINUED) 165,410 Post Properties, Inc. $ 2,977,380 ------------ 28,994,136 ------------ REITS - WAREHOUSE / INDUSTRIAL - 0.83% 298,410 AMB Property Corp. 6,848,510 ------------ RENTAL AUTO / EQUIPMENT - 0.64% 281,670 Rent-A-Center, Inc. 5,317,930 ------------ RETAIL - AUTO PARTS - 0.57% 119,936 Advance Auto Parts, Inc. 4,711,086 ------------ RETAIL - MAJOR DEPARTMENT STORE - 0.94% 230,580 J.C. Penney Co., Inc. 7,782,075 ------------ SEMICONDUCTOR COMPONENTS - INTEGRATED CIRCUITS - 1.47% 239,910 Cypress Semiconductor Corp. 2,478,270 460,180 Sigma Designs, Inc. 6,686,415 381,984 TriQuint Semiconductor, Inc. 2,948,917 ------------ 12,113,602 ------------ TOTAL UNITED STATES (PROCEEDS $135,813,898) $150,994,273 ------------ CAYMAN ISLANDS - 1.81% COMPUTERS - MEMORY DEVICES - 1.42% 770,913 Seagate Technology 11,725,587 ------------ ELECTRONIC COMPONENTS - MISCELLANEOUS - 0.39% 86,081 Garmin, Ltd. 3,248,697 ------------ TOTAL CAYMAN ISLANDS (PROCEEDS $11,019,031) $ 14,974,284 ------------ CHINA - 3.64% ELECTRIC - GENERATION - 1.04% 4,843,102 Datang International Power Generation Co., Ltd., Class H 2,530,887 9,173,423 Huaneng Power International, Inc., Class H 6,072,155 ------------ 8,603,042 ------------
-8- ADVANTAGE ADVISERS XANTHUS FUND, L.L.C. SCHEDULE OF SECURITIES SOLD, NOT YET PURCHASED (UNAUDITED) (CONTINUED)
- ---------------------------------------------------------------------------------------------------------------------------- SEPTEMBER 30, 2009 SHARES VALUE ------ ------------------ COMMON STOCK - (CONTINUED) CHINA - (CONTINUED) MULTI-LINE INSURANCE - 1.13% 1,171,056 Ping An Insurance Group Co. of China, Ltd., Class H $ 9,292,805 ------------ PROPERTY / CASUALTY INSURANCE - 0.16% 1,931,244 PICC Property & Casualty Co., Ltd., Class H 1,328,184 ------------ REAL ESTATE OPERATIONS / DEVELOPMENT - 0.74% 3,466,979 Guangzhou R&F Properties Co., Ltd., Class H 6,092,877 ------------ SEMICONDUCTOR COMPONENTS - INTEGRATED CIRCUITS - 0.02% 77,100 Semiconductor Manufacturing International Corp. - Sponsored ADR 186,582 ------------ WEB PORTALS / ISP - 0.55% 119,952 Sina Corp. 4,553,378 ------------ TOTAL CHINA (PROCEEDS $30,698,166) $ 30,056,868 ------------ FINLAND - 1.89% WIRELESS EQUIPMENT - 1.89% 1,068,873 Nokia Corp. - Sponsored ADR 15,626,923 ------------ TOTAL FINLAND (COST $15,080,674) $ 15,626,923 ------------ GERMANY - 0.57% AUTO - CARS / LIGHT TRUCKS - 0.23% 40,126 Bayerische Motoren Werke AG 1,932,603 ------------ ELECTRONIC COMPONENTS - SEMICONDUCTORS - 0.34% 115,639 Solarworld AG 2,805,909 ------------ TOTAL GERMANY (PROCEEDS $3,722,877) $ 4,738,512 ------------ HONG KONG - 3.91% CELLULAR TELECOMMUNICATIONS - 1.53% 829,135 China Mobile, Ltd. 8,087,999 318,310 China Unicom Hong Kong, Ltd. - Sponsored ADR 4,532,735 ------------ 12,620,734 ------------ DIVERSIFIED OPERATIONS - 1.23% 868,323 Swire Pacific, Ltd., Class A 10,206,897 ------------
-9- ADVANTAGE ADVISERS XANTHUS FUND, L.L.C. SCHEDULE OF SECURITIES SOLD, NOT YET PURCHASED (UNAUDITED) (CONTINUED)
- ---------------------------------------------------------------------------------------------------------------------------- SEPTEMBER 30, 2009 SHARES VALUE ------ ------------------ COMMON STOCK - (CONTINUED) HONG KONG - (CONTINUED) REAL ESTATE OPERATIONS / DEVELOPMENT - 0.74% 1,412,407 Hongkong Land Holdings, Ltd. $ 6,143,970 ------------ TRANSPORT - RAIL - 0.41% 969,842 MTR Corp. 3,366,258 ------------ TOTAL HONG KONG (PROCEEDS $23,294,183) $ 32,337,859 ------------ JAPAN - 9.48% AIRLINES - 0.64% 939,327 All Nippon Airways Co., Ltd. 2,706,767 1,768,167 Japan Airlines Corp. 2,606,823 ------------ 5,313,590 ------------ AUDIO / VIDEO PRODUCTS - 1.83% 379,012 Panasonic Corp. 5,600,504 856,674 Sharp Corp. 9,549,055 ------------ 15,149,559 ------------ AUTO - CARS / LIGHT TRUCKS - 0.45% 2,224,670 Mitsubishi Motors Corp. 3,677,406 ------------ ELECTRONIC COMPONENTS - MISCELLANEOUS - 1.20% 1,477,145 NEC Corp. 4,652,502 577,000 Nippon Electric Glass Co., Ltd. 5,278,056 ------------ 9,930,558 ------------ ELECTRONIC COMPONENTS - SEMICONDUCTORS - 0.57% 263,600 Shinko Electric Industries Co., Ltd. 4,707,693 ------------ ELECTRONIC MEASURING INSTRUMENTS - 0.49% 146,964 Advantest Corp. 4,087,188 ------------ OFFICE AUTOMATION & EQUIPMENT - 1.08% 610,060 Ricoh Co., Ltd. 8,912,398 ------------ PHOTO EQUIPMENT & SUPPLIES - 0.15% 46,139 Olympus Corp. 1,226,477 ------------ PRINTING - COMMERCIAL - 0.59% 352,835 Dai Nippon Printing Co., Ltd. 4,870,846 ------------
-10- ADVANTAGE ADVISERS XANTHUS FUND, L.L.C. SCHEDULE OF SECURITIES SOLD, NOT YET PURCHASED (UNAUDITED) (CONTINUED)
- ---------------------------------------------------------------------------------------------------------------------------- SEPTEMBER 30, 2009 SHARES VALUE ------ ------------------ COMMON STOCK - (CONTINUED) JAPAN - (CONTINUED) TEXTILE - PRODUCTS - 1.03% 1,402,281 Toray Industries, Inc. $ 8,520,170 ------------ TOYS - 0.41% 330,668 Namco Bandai Holdings, Inc. 3,394,079 ------------ WEB PORTALS / ISP - 1.04% 25,262 Yahoo! Japan Corp. 8,605,614 ------------ TOTAL JAPAN (PROCEEDS $71,689,971) $ 78,395,578 ------------ SOUTH KOREA - 1.15% ELECTRONIC COMPONENTS - MISCELLANEOUS - 1.15% 665,714 LG Display Company, Ltd. - Sponsored ADR 9,539,681 ------------ TOTAL SOUTH KOREA (PROCEEDS $9,661,923) $ 9,539,681 ------------ SWEDEN - 0.91% WIRELESS EQUIPMENT - 0.91% 755,140 Telefonaktiebolaget LM Ericsson - Sponsored ADR 7,566,503 ------------ TOTAL SWEDEN (COST $7,223,991) $ 7,566,503 ------------ SWITZERLAND - 1.36% COMPUTERS - PERIPHERAL EQUIPMENT - 1.36% 610,390 Logitech International SA 11,218,968 ------------ TOTAL SWITZERLAND (PROCEEDS $8,907,493) $ 11,218,968 ------------ TAIWAN - 1.31% ELECTRONIC COMPONENTS - MISCELLANEOUS - 1.29% 1,101,753 AU Optronics Corp. - Sponsored ADR 10,664,969 ------------ SEMICONDUCTOR COMPONENTS - INTEGRATED CIRCUITS - 0.02% 31,986 United Microelectronics Corp. - Sponsored ADR 121,547 ------------ TOTAL TAIWAN (PROCEEDS $11,314,611) $ 10,786,516 ------------
-11- ADVANTAGE ADVISERS XANTHUS FUND, L.L.C. SCHEDULE OF SECURITIES SOLD, NOT YET PURCHASED (UNAUDITED) (CONCLUDED)
- ---------------------------------------------------------------------------------------------------------------------------- SEPTEMBER 30, 2009 SHARES VALUE ------ ------------------ COMMON STOCK - (CONTINUED) UNITED KINGDOM - 1.11% SEMICONDUCTOR COMPONENTS - INTEGRATED CIRCUITS - 1.11% 1,225,277 CSR, PLC. $ 9,192,760 ------------ TOTAL UNITED KINGDOM (PROCEEDS $6,429,397) $ 9,192,760 ------------ TOTAL SECURITIES SOLD, NOT YET PURCHASED (PROCEEDS $334,856,215) $375,428,725 ============
-12- ADVANTAGE ADVISERS XANTHUS FUND L.L.C. SCHEDULE OF SWAP CONTRACTS (UNAUDITED)
- ----------------------------------------------------------------------------------------------------------------- SEPTEMBER 30, 2009 UNREALIZED NOTIONAL MATURITY APPRECIATION / AMOUNT DATE (DEPRECIATION) - ------------ ------------ ------------------ SWAP CONTRACTS - 0.20% TOTAL RETURN SWAP CONTRACTS - LONG - 0.40% E-COMMERCE / SERVICES - 0.13% $ 20,086,341 12/21/2010 Rakuten, Inc. $ 1,104,641 ----------- Agreement with Morgan Stanley, dated 04/14/2009 to receive the total return of the shares of Rakuten, Inc. in exchange for an amount to be paid monthly equal to the one month LIBOR rate plus 0.50% ELECTRONIC COMPONENTS - MISCELLANEOUS - (0.02%) 3,997,566 12/21/2010 Nissha Printing Co., Ltd. (136,386) ----------- Agreement with Morgan Stanley, dated 06/15/2009 to receive the total return of the shares of Nissha Printing Co., Ltd. in exchange for an amount to be paid monthly equal to the one month LIBOR rate plus 0.50% ELETRONIC COMPONENTS - SEMICONDUCTORS - 0.12% 23,370,487 4/26/2011 Samsung Electronics Co., Ltd. 745,659 Agreement with Morgan Stanley, dated 01/12/2007 to receive the total return of the shares of Samsung Electronics Co., Ltd. in exchange for an amount to be paid monthly equal to the one month LIBOR rate plus 1.25% 8,565,636 1/21/2011 Sino-American Silicon Products, Inc. 277,156 Agreement with Morgan Stanley, dated 06/19/2009 to receive the total return of the shares of Sino-American Silicon Products, Inc. in exchange for an amount to be paid monthly equal to the one month LIBOR rate plus 2.50% ----------- 1,022,815 ----------- E-MARKETING / INFORMATION - (0.00%) 8,160,002 12/21/2010 Gree, Inc. (25,682) ----------- Agreement with Morgan Stanley, dated 08/19/2009 to receive the total return of the shares of Gree, Inc. in exchange for an amount to be paid monthly equal to the one month LIBOR rate plus 0.50%
-13- ADVANTAGE ADVISERS XANTHUS FUND L.L.C. SCHEDULE OF SWAP CONTRACTS (UNAUDITED) (CONTINUED)
- ----------------------------------------------------------------------------------------------------------------- SEPTEMBER 30, 2009 UNREALIZED NOTIONAL MATURITY APPRECIATION / AMOUNT DATE (DEPRECIATION) - ------------ ------------ ------------------ SWAP CONTRACTS - (CONTINUED) TOTAL RETURN SWAP CONTRACTS - LONG - (CONTINUED) ENTERPRISE SOFTWARE / SERVICES - (0.00%) $ 26,224,107 6/2/2011 Oracle Corp. $ (27,263) ----------- Agreement with Morgan Stanley, dated 06/25/2009 to receive the total return of the shares of Oracle Corp. in exchange for an amount to be paid monthly equal to the one month LIBOR rate plus 0.45% ENTERTAINMENT SOFTWARE - 0.01% 9,930,567 12/21/2010 Capcom Co., Ltd. 48,589 ----------- Agreement with Morgan Stanley, dated 04/14/2009 to receive the total return of the shares of Capcom Co., Ltd. in exchange for an amount to be paid monthly equal to the one month LIBOR rate plus 0.50% METAL PROCESSORS & FABRICATION - (0.01%) 4,491,906 10/25/2010 Advanced Metallurgical Group NV (58,031) ----------- Agreement with Morgan Stanley, dated 10/20/2008 to receive the total return of the shares of Advanced Metallurgical Group NV in exchange for an amount to be paid monthly equal to the one month LIBOR rate plus 0.65% POWER CONVERSION / SUPPLY EQUIPMENT - 0.00% 13,952,739 10/25/2010 Gamesa Corp., Tecnologica SA (18,072) ----------- Agreement with Morgan Stanley, dated 02/03/2009 to receive the total return of the shares of Gamesa Corp., Tecnologica SA in exchange for an amount to be paid monthly equal to the one month LIBOR rate plus 0.65% WATER TREATMENT SYSTEMS - 0.03% 16,227,367 12/21/2010 Kurita Water Industries, Ltd. 266,245 ----------- Agreement with Morgan Stanley, dated 05/01/2009 to receive the total return of the shares of Kurita Water Industries, Ltd. in exchange for an amount to be paid monthly equal to the one month LIBOR rate plus 0.50%
-14- ADVANTAGE ADVISERS XANTHUS FUND L.L.C. SCHEDULE OF SWAP CONTRACTS (UNAUDITED) (CONTINUED)
- ----------------------------------------------------------------------------------------------------------------- SEPTEMBER 30, 2009 UNREALIZED NOTIONAL MATURITY APPRECIATION / AMOUNT DATE (DEPRECIATION) - ------------ ------------ ------------------ SWAP CONTRACTS - (CONTINUED) TOTAL RETURN SWAP CONTRACTS - LONG - (CONTINUED) WEB PORTALS / ISP - 0.11% $ 56,551,971 6/2/2011 Google, Inc. $ 382,409 Agreement with Morgan Stanley, dated 08/04/2009 to receive the total return of the shares of Google, Inc. in exchange for an amount to be paid monthly equal to the one month LIBOR rate plus 0.45% 17,410,293 4/26/2011 NHN Corp. 475,406 Agreement with Morgan Stanley, dated 06/30/2006 to receive the total return of the shares of NHN Corp. in exchange for an amount to be paid monthly equal to the one month LIBOR rate plus 1.25% ----------- 857,815 ----------- WIRELESS EQUIPMENT - 0.03% 43,811,319 6/2/2011 QUALCOMM, Inc. 270,783 ----------- Agreement with Morgan Stanley, dated 05/27/2009 to receive the total return of the shares of QUALCOMM, Inc. in exchange for an amount to be paid monthly equal to the one month LIBOR rate plus 0.47% ----------- TOTAL LONG SWAP CONTRACTS $ 3,305,454 ===========
-15- ADVANTAGE ADVISERS XANTHUS FUND L.L.C. SCHEDULE OF SWAP CONTRACTS (UNAUDITED) (CONTINUED)
- ----------------------------------------------------------------------------------------------------------------- SEPTEMBER 30, 2009 UNREALIZED NOTIONAL MATURITY APPRECIATION / AMOUNT DATE (DEPRECIATION) - ------------ ------------ ------------------ SWAP CONTRACTS - (CONTINUED) TOTAL RETURN SWAP CONTRACTS - SHORT - (0.20%) AUDIO / VIDEO PRODUCTS - US - 0.00%. $ 4,494,941 12/21/2010 Pioneer Corp. $ 23,185 ----------- Agreement with Morgan Stanley, dated 05/15/2009 to deliver the total return of the shares of Pioneer Corp. in exchange for an amount to be received monthly equal to the one month LIBOR rate less 7.64%. AUTO - CARS / LIGHT TRUCKS - 0.02% 4,432,337 10/25/2010 Volvo AB, Class B 190,616 ----------- Agreement with Morgan Stanley, dated 04/24/2009 to deliver the total return of the shares of Volvo AB, Class B in exchange for an amount to be received monthly equal to the one month LIBOR rate less 0.50%. CAPACITORS - (0.03%) 5,732,775 12/21/2010 Taiyo Yuden Co., Ltd. (218,994) ----------- Agreement with Morgan Stanley, dated 05/15/2009 to deliver the total return of the shares of Taiyo Yuden Co., Ltd. in exchange for an amount to be received monthly equal to the one month LIBOR rate less 1.03%. COMPUTERS - (0.03%) 2,787,815 1/21/2011 Acer, Inc. (119,324) Agreement with Morgan Stanley, dated 06/18/2009 to deliver the total return of the shares of Acer, Inc. in exchange for an amount to be received monthly equal to the one month LIBOR rate less 8.50%. 4,409,891 1/21/2011 Foxconn Technology Co., Ltd. (131,206) Agreement with Morgan Stanley, dated 05/21/2009 to deliver the total return of the shares of Foxconn Technology Co., Ltd. in exchange for an amount to be received monthly equal to the one month LIBOR rate less 5.40%.
-16- ADVANTAGE ADVISERS XANTHUS FUND L.L.C. SCHEDULE OF SWAP CONTRACTS (UNAUDITED) (CONTINUED)
- ----------------------------------------------------------------------------------------------------------------- SEPTEMBER 30, 2009 UNREALIZED NOTIONAL MATURITY APPRECIATION / AMOUNT DATE (DEPRECIATION) - ------------ ------------ ------------------ SWAP CONTRACTS - (CONTINUED) TOTAL RETURN SWAP CONTRACTS - SHORT - (CONTINUED) COMPUTERS - (CONTINUED) $ 1,276,290 1/21/2011 Quanta Computer, Inc. $ 15,864 Agreement with Morgan Stanley, dated 06/18/2009 to deliver the total return of the shares of Quanta Computer, Inc. in exchange for an amount to be received monthly equal to the one month LIBOR rate less 6.50%. ----------- (234,666) ----------- ELECTRIC - INTEGRATED - (0.01%) 6,833,834 4/26/2011 Korea Electric Power Corp. (125,783) ----------- Agreement with Morgan Stanley, dated 02/21/2007 to deliver the total return of the shares of Korea Electric Power Corp. in exchange for an amount to be received monthly equal to the one month LIBOR rate less 2.00%. ELECTRIC PRODUCTS - MISCELLANEOUS - 0.03% 6,546,186 12/21/2010 Casio Computer Co., Ltd. 211,396 ----------- Agreement with Morgan Stanley, dated 05/15/2009 to deliver the total return of the shares of Casio Computer Co., Ltd. in exchange for an amount to be received monthly equal to the one month LIBOR rate less 1.63%. ELECTRONIC COMPONENTS - MISCELLANEOUS - 0.03% 3,716,849 12/21/2010 Alps Electric Co., Ltd. 329,318 Agreement with Morgan Stanley, dated 05/15/2009 to deliver the total return of the shares of Alps Electric Co., Ltd. in exchange for an amount to be received monthly equal to the one month LIBOR rate less 0.40%. 5,194,585 1/21/2011 Chi Mei Optoelectronics Corp. (96,897) Agreement with Morgan Stanley, dated 09/10/2009 to deliver the total return of the shares of Chi Mei Optoelectronics Corp. in exchange for an amount to be received monthly equal to the one month LIBOR rate less 2.50%. ----------- 232,421 -----------
-17- ADVANTAGE ADVISERS XANTHUS FUND L.L.C. SCHEDULE OF SWAP CONTRACTS (UNAUDITED) (CONTINUED)
- ----------------------------------------------------------------------------------------------------------------- SEPTEMBER 30, 2009 UNREALIZED NOTIONAL MATURITY APPRECIATION / AMOUNT DATE (DEPRECIATION) - ------------ ------------ ------------------ SWAP CONTRACTS - (CONTINUED) TOTAL RETURN SWAP CONTRACTS - SHORT - (CONTINUED) ELECTRONIC COMPONENTS - SEMICONDUCTORS - (0.03%) $ 3,154,831 12/21/2010 Elpida Memory, Inc. $ 57,842 Agreement with Morgan Stanley, dated 05/15/2009 to deliver the total return of the shares of Elpida Memory, Inc. in exchange for an amount to be received monthly equal to the one month LIBOR rate less 4.00%. 6,433,048 4/26/2011 Hynix Semiconductor, Inc. (338,902) Agreement with Morgan Stanley, dated 10/26/2006 to deliver the total return of the shares of Hynix Semiconductor, Inc. in exchange for an amount to be received monthly equal to the one month LIBOR rate less 5.55%. ----------- (281,060) ----------- ENERGY - ALTERNATE SOURCES - (0.03%) 4,008,193 10/25/2010 Renewable Energy Corp. AS (223,337) ----------- Agreement with Morgan Stanley, dated 10/20/2008 to deliver the total return of the shares of Renewable Energy Corp. AS in exchange for an amount to be received monthly equal to the one month LIBOR rate less 2.00%. ENTERTAINMENT SOFTWARE - (0.03%) 7,513,062 12/21/2010 Konami Corp. (210,959) ----------- Agreement with Morgan Stanley, dated 05/15/2009 to deliver the total return of the shares of Konami Corp. in exchange for an amount to be received monthly equal to the one month LIBOR rate less 0.40%. METAL PROCESSORS & FABRICATION - (0.01%) 4,150,622 1/21/2011 Catcher Technology Co., Ltd. (154,572) Agreement with Morgan Stanley, dated 09/25/2009 to deliver the total return of the shares of Catcher Technology Co., Ltd. in exchange for an amount to be received monthly equal to the one month LIBOR rate less 6.50%.
-18- ADVANTAGE ADVISERS XANTHUS FUND L.L.C. SCHEDULE OF SWAP CONTRACTS (UNAUDITED) (CONCLUDED)
- ----------------------------------------------------------------------------------------------------------------- SEPTEMBER 30, 2009 UNREALIZED NOTIONAL MATURITY APPRECIATION / AMOUNT DATE (DEPRECIATION) - ------------ ------------ ------------------ SWAP CONTRACTS - (CONTINUED) TOTAL RETURN SWAP CONTRACTS - SHORT - (CONTINUED) METAL PROCESSORS & FABRICATION - (CONTINUED) $ 4,482,202 10/25/2010 SKF AB, Class B $ 35,071 Agreement with Morgan Stanley, dated 03/05/2009 to deliver the total return of the shares of SKF AB, Class B in exchange for an amount to be received monthly equal to the one month LIBOR rate less 0.40%. ----------- (119,501) ----------- OFFICE AUTOMATION & EQUIPMENT - (0.07%) 7,081,823 12/21/2010 Seiko Epson Co. (588,099) ----------- Agreement with Morgan Stanley, dated 08/03/2009 to deliver the total return of the shares of Seiko Epson Co. in exchange for an amount to be received monthly equal to the one month LIBOR rate less 0.40%. SEMICONDUCTOR COMPONENTS - INTEGRATED CIRCUITS - (0.04%) 5,191,298 01/21/2011 Realtek Semiconductor Co. (326,946) ----------- Agreement with Morgan Stanley, dated 09/11/2009 to deliver the total return of the shares of Realtek Semiconductor Co. in exchange for an amount to be received monthly equal to the one month LIBOR rate less 4.00%. ----------- TOTAL SHORT SWAP CONTRACTS $(1,671,727) ===========
-19-
ADVANTAGE ADVISERS XANTHUS FUND, L.L.C. - -------------------------------------------------------------------------------------------------------------- The following is a summary of the inputs used, as of SEPTEMBER 30, 2009, in valuing the Company's assets at fair value: SECURITIES SOLD, NOT YET OTHER FINANCIAL VALUATION INPUTS INVESTMENTS IN SECURITIES PURCHASED INSTRUMENTS* - ---------------- ------------------------- ------------------------ --------------- LEVEL 1 - QUOTED PRICES COMMON STOCK $ 760,229,051 $ (375,428,725) $ - PURCHASED OPTIONS 4,276,342 - - SWAP CONTRACTS - - 1,633,727 LEVEL 2 - OTHER SIGNIFICANT OBSERVABLE INPUTS - - - LEVEL 3 - OTHER SIGNIFICANT UNOBSERVABLE INPUTS - - - -------------- --------------- ------------- TOTAL $ 764,505,393 $ (375,428,725) $ 1,633,727 ============== =============== =============
* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and swap contracts, which are valued at unrealized appreciation (depreciation) on the investment. -20- ITEM 2. CONTROLS AND PROCEDURES. (a) The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act") (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)). (b) There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) 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 pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto. 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) Advantage Advisers Xanthus Fund, LLC -------------------------------------------------------------------- By (Signature and Title)* /s/ Bryan McKigney ------------------------------------------------------- Bryan McKigney, Principal Executive Officer (principal executive officer) Date November 16, 2009 ---------------------------------------------------------------------------- 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 (Signature and Title)* /s/ Bryan McKigney ------------------------------------------------------- Bryan McKigney, Principal Executive Officer (principal executive officer) Date November 16, 2009 ---------------------------------------------------------------------------- By (Signature and Title)* /s/ Vineet Bhalla ------------------------------------------------------- Vineet Bhalla, Chief Financial Officer (principal financial officer) Date November 16, 2009 ---------------------------------------------------------------------------- * Print the name and title of each signing officer under his or her signature. EX-99.CERT 2 c59273_ex99-cert.txt Exhibit 99.CERT CERTIFICATION PURSUANT TO RULE 30a-2(a) UNDER THE 1940 ACT AND SECTION 302 OF THE SARBANES-OXLEY ACT I, Bryan McKigney, certify that: 1. I have reviewed this report on Form N-Q of Advantage Advisers Xanthus Fund, LLC; 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 principles; (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: November 16, 2009 /s/ Bryan McKigney ---------------------- ------------------------------------ Bryan McKigney, Principal Executive Officer (principal executive officer) CERTIFICATION PURSUANT TO RULE 30a-2(a) UNDER THE 1940 ACT AND SECTION 302 OF THE SARBANES-OXLEY ACT I, Vineet Bhalla, certify that: 1. I have reviewed this report on Form N-Q of Advantage Advisers Xanthus Fund, LLC; 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 principles; (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: November 16, 2009 /s/ Vineet Bhalla ---------------------- -------------------------------------- Vineet Bhalla, Chief Financial Officer (principal financial officer) -----END PRIVACY-ENHANCED MESSAGE-----