N-Q

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Investment Company Act File Number 811-4133

RIVERSOURCE STRATEGIC ALLOCATION SERIES, INC.

(Exact name of registrant as specified in charter)

50606 Ameriprise Financial Center, Minneapolis, Minnesota	55474
(Address of principal executive offices)	(Zip code)

Scott R. Plummer — 5228 Ameriprise Financial Center, Minneapolis, MN 55474

(Name and address of agent for service)

Registrant’s telephone number, including area code: (612) 671-1947

Date of fiscal year end: 09/30

Date of reporting period: 12/31

Investments in Securities
RiverSource Strategic Allocation Fund
Dec. 31, 2009 (Unaudited)

 (Percentages represent value of investments compared to net assets)

Common Stocks (73.2%)

Issuer	Shares			Value(a)
Aerospace & Defense (1.3%)
Ceradyne		6,829	(b,o)	$	131,185
Cubic		2,030			75,719
Empresa Brasileira de Aeronautica ADR		400	(c)		8,844
General Dynamics		70,484	(o)		4,804,893
Goodrich		15,728			1,010,524
Lockheed Martin		46,419			3,497,672
Northrop Grumman		48,027			2,682,308
Raytheon		55,985	(o)		2,884,347
Spirit AeroSystems Holdings Cl A		4,767	(b,o)		94,673
Triumph Group		1,423	(o)		68,660
United Technologies		17,626	(o)		1,223,421
Total					16,482,246
Air Freight & Logistics (0.1%)
Air Transport Services Group		15,567	(b)		41,097
Atlas Air Worldwide Holdings		2,238	(b,o)		83,366
CH Robinson Worldwide		20,775	(o)		1,220,115
FedEx		3,606	(o)		300,921
Total					1,645,499
Airlines (0.1%)
Air China Series H		20,000	(b,c,o)		15,505
Air France-KLM		14,656	(b,c,o)		229,664
Alaska Air Group		4,116	(b,o)		142,249
Allegiant Travel		2,577	(b,o)		121,557
Continental Airlines Cl B		3,116	(b,o)		55,839
Deutsche Lufthansa		12,414	(c)		209,580
Hawaiian Holdings		15,661	(b,o)		109,627
Qantas Airways		68,778	(c)		183,452
Singapore Airlines		29,533	(c)		312,816
SkyWest		16,233	(o)		274,662
Total					1,654,951
Auto Components (0.2%)
Aisin Seiki		2,300	(c)		66,503
ArvinMeritor		7,902	(b)		88,344
Autoliv		7,280	(c,o)		315,661
Bridgestone		5,300	(c)		93,566
Cooper Tire & Rubber		8,385	(o)		168,119
Dana Holding		18,286	(b,o)		198,220
DENSO		13,800	(c)		417,332
Exide Technologies		11,122	(b,o)		79,077
Goodyear Tire & Rubber		14,908	(b)		210,203
Hyundai Mobis		168	(c)		24,650
Spartan Motors		15,310			86,195
Tenneco		7,461	(b)		132,284
TRW Automotive Holdings		3,675	(b)		87,759
UMW Holdings		2,500	(c)		4,630
Total					1,972,543

Issuer	Shares			Value(a)
Automobiles (1.0%)
BMW		18,134	(c,o)		829,477
BMW		2,043	(c)		66,820
Daimler		3,206	(c)		170,238
Denway Motors		44,000	(c)		27,796
Dongfeng Motor Group		44,000	(c)		62,830
Fiat		8,438	(c,o)		123,301
Ford Motor		470,218	(b,o)		4,702,179
Fuji Heavy Inds		16,000	(c)		78,244
Harley-Davidson		43,321	(o)		1,091,689
Honda Motor		27,400	(c)		930,396
Hyundai Motor		1,400	(c)		51,468
Hyundai Motor		1,211	(c)		125,512
Kia Motors		980	(b,c)		16,849
Nissan Motor		54,500	(b,c)		479,328
Peugeot		11,728	(b,c,o)		393,689
Porsche Automobil Holding		2,578	(c)		159,358
PT Astra Intl		24,000	(c)		88,327
Renault		11,494	(b,c)		588,777
Toyota Motor		43,500	(c)		1,835,480
Volkswagen		7,254	(c)		676,699
Yamaha Motor		8,800	(c,o)		111,384
Yulon Motor		8,000	(c)		9,443
Total					12,619,284
Beverages (1.4%)
Anheuser-Busch InBev		15,057	(c)		778,317
Brown-Forman Cl B		10,954	(o)		586,806
Carlsberg Series B		7,376	(c)		542,443
Coca-Cola		166,039			9,464,222
Coca-Cola Amatil		6,760	(c)		69,678
Coca-Cola Enterprises		78,734			1,669,161
Coca-Cola Hellenic Bottling		5,498	(c)		124,970
Heineken		2,915	(c)		138,183
Pepsi Bottling Group		22,858			857,175
PepsiCo		47,976	(o)		2,916,941
SABMiller		9,933	(c)		292,059
Total					17,439,955
Biotechnology (0.8%)
Amgen		149,234	(b,o)		8,442,167
Biogen Idec		13,607	(b)		727,975
Cephalon		14,093	(b,o)		879,544
CSL		2,137	(c)		62,124
Dendreon		3,196	(b)		83,991
Isis Pharmaceuticals		5,918	(b)		65,690
Myriad Genetics		3,852	(b)		100,537
PDL BioPharma		15,516	(o)		106,440
Total					10,468,468
Building Products (0.1%)
Apogee Enterprises		5,756	(o)		80,584
Compagnie de Saint-Gobain		17,321	(c,o)		938,224
Masco		13,813	(o)		190,758
Total					1,209,566
Capital Markets (3.6%)
3i Group		20,588	(c)		93,243
Apollo Investment		3,873			36,910

Issuer	Shares			Value(a)
Bank of New York Mellon		172,938			4,837,076
BGC Partners Cl A		17,355	(o)		80,180
Broadpoint Gleacher Securities		10,343	(b)		46,130
Credit Suisse Group		8,241	(c)		408,014
Deutsche Bank		23,908	(c,o)		1,693,526
Franklin Resources		21,298			2,243,744
GFI Group		10,714			48,963
Goldman Sachs Group		119,644			20,200,692
Greenhill & Co		826			66,278
Intl Assets Holding		2,726	(b,o)		39,636
Invesco		39,617			930,603
Investec		3,402	(c)		24,401
Knight Capital Group Cl A		6,996	(b,o)		107,738
Macquarie Group		6,064	(c,o)		259,742
MF Global Holdings		13,564	(b,o)		94,270
Morgan Stanley		305,575	(o)		9,045,020
MVC Capital		3,350	(o)		39,530
Oppenheimer Holdings Cl A		2,031	(o)		67,470
optionsXpress Holdings		3,598			55,589
Penson Worldwide		7,005	(b,o)		63,465
Prospect Capital		4,207	(o)		49,685
State Street		80,883	(o)		3,521,646
SWS Group		5,697	(o)		68,934
T Rowe Price Group		2,293	(o)		122,102
Yuanta Financial Holding		41,000	(c)		30,033
Total					44,274,620
Chemicals (1.1%)
Air Products & Chemicals		21,177			1,716,607
Akzo Nobel		2,023	(c)		133,959
Ashland		2,905			115,096
Braskem ADR		1,600	(b,c)		26,256
Celanese Series A		3,412			109,525
CF Inds Holdings		12,228			1,110,057
Dow Chemical		191,348	(o)		5,286,944
Eastman Chemical		1,203	(o)		72,469
Formosa Chemicals & Fibre		34,000	(c)		73,796
Huntsman		8,306			93,775
Innophos Holdings		4,245			97,593
Israel Corp		18	(b,c)		12,943
Koninklijke DSM		6,704	(c,o)		328,909
Kuraray		9,500	(c)		111,903
Lubrizol		693			50,554
Mitsubishi Chemical Holdings		30,000	(c)		127,853
Mitsui Chemicals		17,000	(c)		44,054
Nan Ya Plastics		39,000	(c)		70,962
NewMarket		1,467	(o)		168,368
Olin		12,427	(o)		217,721
OM Group		11,726	(b)		368,079
Orica		8,783	(c)		204,143
PolyOne		6,282	(b)		46,927
PPG Inds		7,664			448,651
Shin-Etsu Chemical		5,300	(c)		299,470
Sigma-Aldrich		16,483	(o)		832,886
Solutia		5,830	(b,o)		74,041
Stepan		1,185	(o)		76,800
Taiwan Fertilizer		3,000	(c)		10,694
Terra Inds		5,902			189,985
WR Grace & Co		18,767	(b,o)		475,743

Issuer	Shares			Value(a)
Yara Intl		5,750	(c,o)		260,346
Total					13,257,109
Commercial Banks (4.0%)
ABSA Group		5,523	(c)		95,653
Alpha Bank		10,693	(b,c)		124,596
Asya Katilim Bankasi		4,625	(b,c)		10,748
Australia & New Zealand Banking Group		15,574	(c)		317,279
BancFirst		1,720	(o)		63,709
Banco Bilbao Vizcaya Argentaria		73,479	(c)		1,337,196
Banco Bradesco ADR		2,700	(c)		59,049
Banco do Brasil		3,600	(c)		61,343
Banco Estado Rio Grande Sul		2,400	(c)		20,241
Banco Santander		350,646	(c)		5,785,826
Bank Hapoalim		10,220	(b,c)		44,518
Bank Leumi Le-Israel		14,489	(b,c)		66,313
Bank of China Series H		24,000	(c)		12,897
Bank Pekao		201	(b,c)		11,301
Bank Zachodni		75	(b,c)		4,947
Barclays		527,031	(c)		2,323,034
BB&T		24,921	(o)		632,246
BNP Paribas		10,979	(c,o)		869,558
BOC Hong Kong Holdings		75,000	(c)		168,499
Busan Bank		5,370	(c)		64,153
Chang Hwa Commercial Bank		11,000	(c)		5,231
China Construction Bank Series H		39,000	(c,o)		33,311
Comerica		30,301	(o)		896,001
Commerzbank		22,762	(b,c,o)		191,244
Commonwealth Bank of Australia		46,237	(c,o)		2,256,702
Credit Agricole		17,568	(c,o)		307,865
Daegu Bank		2,900	(c)		42,718
Danske Bank		26,942	(b,c)		604,232
Dexia		31,362	(b,c)		197,127
DNB NOR		82,544	(b,c)		890,777
Erste Group Bank		7,591	(c)		281,661
Fifth Third Bancorp		163,706			1,596,134
First Horizon Natl		75,295	(b,o)		1,008,949
Grupo Financiero Banorte Series O		15,300	(c)		55,269
Hana Financial Group		2,410	(b,c)		68,203
Hong Leong Financial Group		2,400	(c)		5,210
HSBC Holdings		43,733	(c)		499,070
Huntington Bancshares		90,824	(o)		331,508
Industrial & Commercial Bank of China Series H		31,000	(c)		25,530
Industrial Bank of Korea		4,220	(b,c)		50,625
Intesa Sanpaolo		33,104	(b,c)		148,751
Intesa Sanpaolo		20,191	(c)		67,551
Israel Discount Bank Series A		11,831	(b,c)		27,949
Itaú Unibanco Holding ADR		1,800	(c)		41,112
KB Financial Group ADR		3,100	(b,c,o)		157,635
KeyCorp		105,855	(o)		587,495
Korea Exchange Bank		4,400	(c)		54,685
Lloyds Banking Group		1,780,849	(b,c)		1,433,262
Malayan Banking		14,600	(c)		29,151
Marshall & Ilsley		68,519	(o)		373,429
Mega Financial Holding		88,000	(c)		50,755
Natixis		52,583	(b,c,o)		262,181
Natl Australia Bank		18,691	(c)		456,000
Natl Bank of Greece		22,287	(b,c)		571,757
Nedbank Group		1,470	(c)		24,670

Issuer	Shares			Value(a)
Nordea Bank		46,208	(c,o)		468,547
OTP Bank		4,409	(b,c,o)		126,313
PNC Financial Services Group		128,124	(o)		6,763,665
Powszechna Kasa Oszczednosci Bank Polski		1,049	(c)		13,859
Royal Bank of Scotland Group		340,730	(b,c)		158,217
Shinhan Financial Group ADR		1,900	(c,o)		141,132
Skandinaviska Enskilda Banken Series A		82,660	(b,c,o)		511,395
Société Générale		3,657	(c,o)		253,716
Standard Bank Group		2,134	(c)		29,271
Standard Chartered		12,010	(c)		303,294
State Bank of India GDR		541	(c)		53,226
SunTrust Banks		77,593	(o)		1,574,362
SVB Financial Group		2,042	(b,o)		85,131
Svenska Handelsbanken Series A		3,528	(c)		100,591
Swedbank		30,695	(b,c)		302,444
Taiwan Cooperative Bank		83,000	(c)		52,112
Trustmark		4,205	(o)		94,781
Turkiye Garanti Bankasi		20,826	(c)		89,245
Turkiye Halk Bankasi		2,573	(c)		20,718
Turkiye Vakiflar Bankasi Tao Series D		23,850	(b,c)		68,826
UMB Financial		1,563	(o)		61,504
UniCredit		859,042	(c)		2,868,225
Unione di Banche Italiane		5,730	(c,o)		82,013
US Bancorp		47,719			1,074,155
Wells Fargo & Co		298,540			8,057,594
Woori Finance Holdings		5,630	(b,c)		66,719
Zions Bancorporation		3,184	(o)		40,851
Total					49,168,762
Commercial Services & Supplies (0.2%)
Brink’s		2,671			65,012
Consolidated Graphics		1,612	(b)		56,452
Dai Nippon Printing		19,000	(c,o)		242,449
Herman Miller		4,877	(o)		77,934
HNI		3,969	(o)		109,663
Kimball Intl Cl B		9,996	(o)		85,166
Rollins		2,787	(o)		53,733
RR Donnelley & Sons		41,819			931,310
Steelcase Cl A		8,415	(o)		53,519
United Stationers		2,757	(b)		156,736
Viad		4,421	(o)		91,205
Total					1,923,179
Communications Equipment (0.9%)
3Com		68,345	(b)		512,588
Cisco Systems		138,083	(b,o)		3,305,707
Loral Space & Communications		1,467	(b,o)		46,372
Motorola		161,330			1,251,921
NETGEAR		3,650	(b,o)		79,169
Nokia		71,206	(c,o)		919,345
Plantronics		2,264			58,819
QUALCOMM		87,855	(o)		4,064,171
Telefonaktiebolaget LM Ericsson Series B		21,629	(c,o)		199,274
Tellabs		88,590	(b)		503,191
Total					10,940,557
Computers & Peripherals (5.6%)
Apple		209,647	(b,o)		44,206,167
Asustek Computer		27,000	(c)		52,061

Issuer	Shares			Value(a)
Catcher Technology		20,000	(c)		55,689
Compal Electronics		22,000	(c)		30,422
Dell		230,923	(b)		3,316,055
IBM		105,020			13,747,119
InnoLux Display		11,000	(c)		16,266
Inventec		36,000	(c)		21,566
Lenovo Group		18,000	(c)		11,155
Lexmark Intl Cl A		48,726	(b,o)		1,265,901
Lite-On Technology		42,000	(c)		63,170
MiTAC Intl		25,000	(c)		12,947
NCR		9,273	(b)		103,208
NetApp		78,719	(b,o)		2,707,146
Novatel Wireless		7,394	(b,o)		58,930
Qisda		34,000	(b,c)		21,450
Quanta Computer		4,000	(c)		8,688
SanDisk		3,978	(b)		115,322
Seagate Technology		29,885	(c)		543,608
Teradata		14,764	(b)		464,033
Western Digital		73,535	(b)		3,246,570
Wistron		16,000	(c)		31,017
Total					70,098,490
Construction & Engineering (0.2%)
Aveng		1,777	(c)		9,561
Bouygues		4,189	(c,o)		216,665
Comfort Systems USA		5,733	(o)		70,745
Daelim Industrial		480	(c)		34,148
EMCOR Group		11,906	(b)		320,271
Fluor		22,946			1,033,489
Granite Construction		5,210			175,369
IJM		8,800	(c)		11,477
KBR		9,150			173,850
Layne Christensen		2,216	(b,o)		63,621
Leighton Holdings		3,624	(c)		122,811
Michael Baker		2,181	(b,o)		90,293
Murray & Roberts Holdings		708	(c)		4,422
Shaw Group		2,384	(b)		68,540
Tutor Perini		8,391	(b,o)		151,709
Total					2,546,971
Construction Materials (0.2%)
Anhui Conch Cement Cl H		4,000	(b,c,o)		25,560
CEMEX ADR		12,400	(b,c)		146,568
China Natl Building Material Series H		6,000	(c)		12,327
CRH		39,794	(c)		1,080,392
Fletcher Building		15,156	(c)		87,342
HeidelbergCement		5,201	(c)		355,638
Indocement Tunggal Prakarsa		8,000	(c)		11,577
Lafarge		9,655	(c,o)		793,965
Total					2,513,369
Consumer Finance (0.5%)
Advance America Cash Advance Centers		14,112	(o)		78,463
American Express		53,875	(o)		2,183,015
Capital One Financial		66,833	(o)		2,562,377
Discover Financial Services		74,349			1,093,674
SLM		71,359	(b)		804,216
Total					6,721,745

Issuer	Shares			Value(a)
Containers & Packaging (0.1%)
Ball		9,516			491,977
Temple-Inland		3,255			68,713
Toyo Seikan Kaisha		6,100	(c,o)		93,003
Total					653,693
Distributors (—%)
Genuine Parts		11,703			444,246
Imperial Holdings		1,106	(c)		13,179
Total					457,425
Diversified Consumer Services (0.1%)
Apollo Group Cl A		15,048	(b)		911,609
Corinthian Colleges		5,999	(b,o)		82,606
H&R Block		28,936			654,532
Regis		4,855			75,592
Total					1,724,339
Diversified Financial Services (2.8%)
Australian Stock Exchange		3,264	(c,o)		101,730
Bank of America		1,499,598			22,583,945
BM&FBOVESPA		8,800	(c)		61,847
China Everbright		8,000	(c)		19,591
Citigroup		1,343,954			4,448,487
Deutsche Boerse		4,884	(c)		403,293
FirstRand		28,469	(c)		70,350
Groupe Bruxelles Lambert		1,450	(c)		136,717
Haci Omer Sabanchi Holding		3,413	(c)		13,363
Hong Kong Exchanges and Clearing		20,200	(c)		359,404
ING Groep		157,207	(b,c)		1,511,748
IntercontinentalExchange		19,222	(b,o)		2,158,631
Investor Cl B		3,099	(c,o)		57,446
JPMorgan Chase & Co		63,774			2,657,463
Remgro		8,347	(c)		100,496
RMB Holdings		8,700	(c)		34,688
Total					34,719,199
Diversified Telecommunication Services (2.6%)
AT&T		448,016	(o)		12,557,887
Belgacom		6,784	(c,o)		245,920
Brasil Telecom		910	(c)		8,741
BT Group		56,388	(c)		122,840
CenturyTel		56,314			2,039,130
China Telecom ADR		2,700	(c)		111,834
Chunghwa Telecom ADR		2,700	(c)		50,139
Deutsche Telekom		16,264	(c)		239,398
France Telecom		36,269	(c,o)		904,973
KT ADR		4,600	(c,o)		77,372
Magyar Telekom Telecommunications		4,779	(c)		18,535
Magyar Telekom Telecommunications ADR		700	(c)		13,370
Neutral Tandem		4,004	(b,o)		91,091
Nippon Telegraph & Telephone		15,800	(c)		624,652
Portugal Telecom		7,425	(c)		90,468
Qwest Communications Intl		272,804			1,148,505
SingTel		110,000	(c)		242,314
Swisscom		285	(c)		108,777
Tele Norte Leste Participacoes		400	(c,o)		10,258
Tele Norte Leste Participacoes ADR		2,500	(c)		53,550
TELE2 Series B		9,230	(c)		141,896

Issuer	Shares			Value(a)
Telecom Italia		283,567	(c)		441,702
Telecom Italia		400,564	(c)		444,250
Telefonica		88,396	(c)		2,470,498
Telekom Malaysia		9,100	(c)		8,114
Telekomunikacja Polska		4,974	(c)		27,543
Telemar Norte Leste Series A		400	(c)		14,277
Telenor		14,000	(b,c)		195,500
Telkom		5,137	(c)		25,940
Telstra		75,205	(c)		231,139
Verizon Communications		305,249			10,112,899
Vimpel-Communications ADR		2,600	(c)		48,334
Total					32,921,846
Electric Utilities (0.9%)
Centrais Eletricas Brasileiras ADR		3,200	(c)		67,488
Centrais Eletricas Brasileiras Series B		3,900	(c)		70,974
Cheung Kong Infrastructure Holdings		34,000	(c)		129,291
Cia Energetica de Minas Gerais ADR		5,900	(c)		106,554
Cia Paranaense Energia ADR		2,500	(c)		53,625
CLP Holdings		49,500	(c)		334,992
CPFL Energia ADR		800	(c,o)		49,424
Edison Intl		32,512			1,130,767
EDP Energias do Brasil		2,700	(c)		51,971
Enel		180,545	(c)		1,043,715
Exelon		22,052			1,077,681
FirstEnergy		45,261			2,102,373
Hongkong Electric Holdings		51,000	(c)		277,809
Korea Electric Power ADR		2,000	(b,c)		29,080
Prime Infrastructure Group		167	(c)		616
Progress Energy		33,493			1,373,548
Southern		113,768			3,790,751
Total					11,690,659
Electrical Equipment (0.2%)
Emerson Electric		37,081			1,579,650
EnerSys		4,503	(b)		98,481
General Cable		3,409	(b,o)		100,293
GrafTech Intl		16,460	(b)		255,953
Harbin Power Equipment Cl H		26,000	(c)		23,004
Teco Electric & Machinery		16,000	(c)		7,002
Total					2,064,383
Electronic Equipment, Instruments & Components (1.0%)
Agilent Technologies		32,862	(b)		1,021,022
Anixter Intl		7,125	(b,o)		335,588
Arrow Electronics		5,397	(b)		159,805
AU Optronics ADR		8,700	(c)		104,313
Avnet		4,887	(b)		147,392
Benchmark Electronics		7,769	(b,o)		146,912
BYD Series H		6,000	(b,c,o)		52,594
Chi Mei Optoelectronics		67,000	(b,c)		47,341
Chunghwa Picture Tubes		144,000	(b,c)		18,462
Corning		312,522			6,034,799
FUJIFILM Holdings		9,200	(c)		278,070
HannStar Display		78,000	(b,c)		20,165
Hitachi		27,000	(c)		83,068
Ingram Micro Cl A		6,483	(b)		113,128
Insight Enterprises		10,539	(b,o)		120,355
Jabil Circuit		9,410			163,452

Issuer	Shares			Value(a)
Kyocera		3,400	(c)		299,681
LG Display ADR		2,600	(c,o)		44,018
Methode Electronics		8,045	(o)		69,831
Murata Mfg		5,600	(c)		279,706
Nan Ya Printed Circuit Board		13,000	(c)		49,765
Plexus		3,100	(b,o)		88,350
Samsung Electro-Mechanics		477	(c)		43,924
SYNNEX		4,265	(b,o)		130,765
TDK		2,800	(c)		171,253
Tech Data		2,458	(b)		114,690
Tyco Electronics		67,292	(c)		1,652,019
Unimicron Technology		9,000	(c)		13,049
Vishay Intertechnology		8,938	(b)		74,632
Total					11,878,149
Energy Equipment & Services (1.3%)
Atwood Oceanics		2,483	(b,o)		89,016
Baker Hughes		43,146	(o)		1,746,550
BJ Services		48,279			897,989
Bristow Group		1,500	(b)		57,675
Cal Dive Intl		5,257	(b)		39,743
Diamond Offshore Drilling		12,728	(o)		1,252,690
Dril-Quip		1,346	(b)		76,022
Ensco Intl ADR		52,383	(c)		2,092,177
FMC Technologies		12,408	(b,o)		717,679
GulfMark Offshore		2,843	(b,o)		80,485
Halliburton		31,759			955,628
Helmerich & Payne		4,352			173,558
Key Energy Services		23,757	(b,o)		208,943
Lufkin Inds		2,533	(o)		185,416
Nabors Inds		44,207	(b,c,o)		967,691
Natl Oilwell Varco		58,550			2,581,470
Noble		10,472	(c)		426,210
Oil States Intl		2,147	(b)		84,356
Parker Drilling		28,937	(b,o)		143,238
Patterson-UTI Energy		5,380	(o)		82,583
Pride Intl		8,296	(b,o)		264,725
Rowan Companies		7,135	(b)		161,536
SEACOR Holdings		858	(b)		65,423
SeaDrill		19,100	(c,o)		485,771
Smith Intl		23,301	(o)		633,088
Superior Energy Services		4,761	(b,o)		115,645
Technip		2,052	(c)		144,160
TETRA Technologies		9,871	(b,o)		109,371
Tidewater		2,729			130,856
Unit		1,262	(b,o)		53,635
Weatherford Intl		15,557	(b,c)		278,626
Willbros Group		6,775	(b,o)		114,294
WorleyParsons		5,652	(c)		146,713
Total					15,562,962
Food & Staples Retailing (1.9%)
Andersons		1,721			44,436
Casey’s General Stores		3,235	(o)		103,261
Delhaize Group		2,070	(c)		158,122
Ingles Markets Cl A		4,400			66,572
Koninklijke Ahold		22,267	(c)		294,577
Metro		2,124	(c,o)		130,533
Pantry		4,068	(b,o)		55,284

Issuer	Shares			Value(a)
Ruddick		4,270	(o)		109,867
Safeway		66,184	(o)		1,409,057
SUPERVALU		47,545	(o)		604,297
Walgreen		58,339			2,142,208
Wal-Mart Stores		320,242			17,116,935
Wesfarmers		5,884	(c)		164,245
Wesfarmers		7,265	(c)		203,031
Whole Foods Market		41,420	(b,o)		1,136,979
Winn-Dixie Stores		9,455	(b,o)		94,928
Woolworths		15,414	(c)		386,480
Total					24,220,812
Food Products (0.9%)
Archer-Daniels-Midland		114,664			3,590,129
Astra Agro Lestari		5,000	(c)		12,046
Bunge		3,702	(o)		236,299
Cal-Maine Foods		4,409			150,259
Chaoda Modern Agriculture Holdings		90,000	(c,o)		95,804
ConAgra Foods		48,637			1,121,082
Darling Intl		11,362	(b,o)		95,214
Dean Foods		39,243	(b,o)		707,944
Fresh Del Monte Produce		8,834	(b,c)		195,231
Golden Agri-Resources		815,000	(b,c)		293,727
Green Mountain Coffee Roasters		2,624	(b)		213,777
Hormel Foods		11,439			439,830
Indofood Sukses Makmur		155,500	(c)		58,497
JBS		9,000	(c)		48,124
Lancaster Colony		1,728	(o)		85,882
Nestlé		15,462	(c)		749,956
Nisshin Seifun Group		9,000	(c,o)		121,724
Parmalat		195,629	(c)		546,123
Sara Lee		86,802			1,057,248
Tiger Brands		996	(c)		22,974
Tyson Foods Cl A		61,379	(o)		753,120
Unilever		14,466	(c)		463,851
Wilmar Intl		62,000	(c)		281,945
Total					11,340,786
Gas Utilities (0.1%)
Hong Kong & China Gas		32,000	(c)		80,260
Korea Gas		300	(c)		12,529
New Jersey Resources		2,229	(o)		83,365
Nicor		9,005	(o)		379,111
Osaka Gas		37,000	(c)		124,801
Questar		23,102			960,349
Tokyo Gas		21,000	(c)		83,892
Total					1,724,307
Health Care Equipment & Supplies (0.7%)
Abaxis		3,236	(b,o)		82,680
Becton Dickinson & Co		19,378	(o)		1,528,149
CR Bard		10,265	(o)		799,644
ev3		7,590	(b,o)		101,251
ICU Medical		1,871	(b,o)		68,179
Intuitive Surgical		4,004	(b)		1,214,493
Medtronic		45,932	(o)		2,020,089
Orthofix Intl		1,539	(b,c,o)		47,663
Sonova Holding		1,438	(c)		174,104
St. Jude Medical		37,327	(b)		1,372,887

Issuer	Shares			Value(a)
Varian Medical Systems		18,506	(b,o)		867,006
Total					8,276,145
Health Care Providers & Services (2.2%)
Aetna		69,925			2,216,623
AMERIGROUP		12,877	(b,o)		347,164
Bio-Reference Laboratories		1,338	(b)		52,436
Cardinal Health		91,727			2,957,278
Centene		5,595	(b)		118,446
CIGNA		108,206			3,816,426
Coventry Health Care		36,309	(b,o)		881,946
Health Net		8,227	(b)		191,607
HealthSpring		13,485	(b,o)		237,471
HMS Holdings		2,317	(b,o)		112,815
Humana		11,584	(b,o)		508,422
Kindred Healthcare		12,003	(b,o)		221,575
Magellan Health Services		10,378	(b)		422,696
McKesson		29,426			1,839,125
Molina Healthcare		4,770	(b,o)		109,090
Quest Diagnostics		21,747			1,313,084
RehabCare Group		2,718	(b)		82,709
Triple-S Management Cl B		6,366	(b,c,o)		112,042
UnitedHealth Group		256,090			7,805,622
Universal American Financial		8,675	(b,o)		101,498
WellCare Health Plans		7,386	(b)		271,509
WellPoint		66,990	(b)		3,904,846
Total					27,624,430
Health Care Technology (—%)
Cerner		1,696	(b,o)		139,818
Eclipsys		3,407	(b)		63,098
Total					202,916
Hotels, Restaurants & Leisure (0.5%)
Bally Technologies		3,860	(b,o)		159,379
California Pizza Kitchen		5,442	(b,o)		73,195
Carnival		5,557	(b,c)		189,373
Genting Group		6,000	(c)		12,785
Genting Malaysia		62,300	(c)		50,899
Genting Singapore		262,000	(b,c,o)		241,386
Intl Game Technology		28,262			530,478
Las Vegas Sands		6,468	(b,o)		96,632
Starbucks		187,392	(b,o)		4,321,260
Texas Roadhouse		4,634	(b,o)		52,040
Thomas Cook Group		34,706	(c)		128,248
Wyndham Worldwide		47,109			950,189
Total					6,805,864
Household Durables (0.5%)
American Greetings Cl A		5,695	(o)		124,094
Black & Decker		11,058			716,890
Cyrela Brazil Realty		5,200	(c)		73,092
Desarrolladora Homex ADR		1,300	(b,c,o)		43,706
DR Horton		51,522	(o)		560,044
Electrolux Series B		12,415	(b,c)		291,971
Garmin		8,209	(c,o)		252,016
Harman Intl Inds		1,813			63,963
KB Home		17,276	(o)		236,336
Lennar Cl A		32,338			412,956

Issuer	Shares			Value(a)
MRV Engenharia e Participacoes		6,600	(c)		53,391
NVR		108	(b)		76,757
Panasonic		24,700	(c)		355,878
Pulte Homes		103,406	(o)		1,034,059
Sekisui House		14,000	(c)		127,199
Sharp		14,000	(c)		176,939
Sony		2,800	(c)		81,467
Steinhoff Intl Holdings		26,976	(b,c)		75,472
Tatung		68,000	(b,c)		16,671
Tupperware Brands		5,652	(o)		263,214
Turk Sise ve Cam Fabrikalari		7,006	(c)		8,844
Urbi Desarrollos Urbanos		18,200	(b,c)		41,108
Whirlpool		13,518	(o)		1,090,361
Total					6,176,428
Household Products (0.1%)
Clorox		15,814			964,654
Independent Power Producers & Energy Traders (0.1%)
AES		7,283	(b)		96,937
Cia Energetica Sao Paulo Series B		2,000	(c)		27,573
Constellation Energy Group		35,534			1,249,731
Huaneng Power Intl ADR		500	(c,o)		11,200
Iberdrola Renovables		19,248	(c)		91,525
Mirant		6,597	(b,o)		100,736
NRG Energy		4,418	(b)		104,309
Tanjong		11,300	(c)		55,462
Total					1,737,473
Industrial Conglomerates (1.4%)
Alfa Series A		10,700	(c)		67,391
Beijing Enterprises Holdings		1,500	(c)		10,864
Bidvest Group		1,518	(c)		26,428
Citic Pacific		11,000	(c)		29,379
Delek Group		94	(c)		19,034
Discount Investment		744	(c)		17,428
General Electric		909,457			13,760,084
Hutchison Whampoa		34,000	(c)		232,622
Koc Holding		6,479	(c)		19,343
Koninklijke Philips Electronics		8,753	(c)		258,354
McDermott Intl		8,711	(b)		209,151
Seaboard		96	(o)		129,504
Shanghai Industrial Holdings		5,000	(c)		25,361
SK		360	(c)		27,506
Textron		36,820	(o)		692,584
Tomkins		19,114	(c)		59,415
Tyco Intl		50,645	(c)		1,807,014
Total					17,391,462
Insurance (3.7%)
ACE		7,144	(b,c)		360,058
Aegon		63,009	(b,c,o)		402,894
AFLAC		22,650			1,047,563
Allied World Assurance Holdings		1,600	(c,o)		73,712
Allstate		295,136			8,865,884
American Financial Group		6,000			149,700
American Intl Group		12,758	(b,o)		382,485
American Physicians Capital		1,521			46,117
Amerisafe		4,709	(b,o)		84,621

Issuer	Shares			Value(a)
AmTrust Financial Services		3,849			45,495
Aon		37,178			1,425,405
Arch Capital Group		1,354	(b,c)		96,879
Argo Group Intl Holdings		3,697	(b,c)		107,731
Assurant		39,438			1,162,632
Axis Capital Holdings		3,168	(c)		90,003
China Life Insurance		1,000	(c)		73,350
Chubb		39,991			1,966,757
Cincinnati Financial		18,361	(o)		481,793
CNA Surety		4,886	(b,o)		72,753
Conseco		27,562	(b,o)		137,810
eHealth		2,961	(b,o)		48,649
Employers Holdings		12,047			184,801
Endurance Specialty Holdings		2,395	(c)		89,166
Everest Re Group		683	(c)		58,519
Flagstone Reinsurance Holdings		3,415	(c)		37,360
Fortis		111,419	(b,c)		411,831
FPIC Insurance Group		1,027	(b)		39,663
Genworth Financial Cl A		203,325	(b)		2,307,738
Hartford Financial Services Group		100,130	(o)		2,329,023
HCC Insurance Holdings		3,572	(o)		99,909
Horace Mann Educators		12,141			151,763
Lincoln Natl		47,611			1,184,562
Max Capital Group		4,027	(c)		89,802
MBIA		35,235	(b,o)		140,235
Meadowbrook Insurance Group		7,702	(o)		56,995
MetLife		49,398			1,746,219
Montpelier Re Holdings		6,511	(c,o)		112,771
Natl Financial Partners		9,725	(b)		78,675
Old Mutual		280,812	(b,c)		491,904
PartnerRe		1,725	(c)		128,789
PICC Property & Casualty		16,000	(b,c,o)		14,317
Ping An Insurance Group of China Series H		5,000	(c,o)		43,476
Platinum Underwriters Holdings		11,918	(c)		456,340
Principal Financial Group		90,830	(o)		2,183,553
ProAssurance		3,475	(b,o)		186,642
Progressive		137,416	(b)		2,472,113
Prudential		30,832	(c)		315,699
Prudential Financial		42,507			2,115,148
RenaissanceRe Holdings		1,407	(c)		74,782
RLI		940	(o)		50,055
Safety Insurance Group		3,023	(o)		109,523
Sanlam		10,289	(c)		31,600
SeaBright Insurance Holdings		5,530	(b)		63,540
Swiss Reinsurance		15,013	(c)		718,741
Torchmark		28,620	(o)		1,257,849
Tower Group		3,753	(o)		87,858
Travelers Companies		151,660			7,561,767
Unum Group		28,830			562,762
Validus Holdings		2,127	(c)		57,301
WR Berkley		1,911	(o)		47,087
XL Capital Cl A		43,923	(c)		805,109
Zenith Natl Insurance		3,779	(o)		112,463
Total					46,189,741
Internet & Catalog Retail (0.8%)
Amazon.com		51,588	(b)		6,939,617
B2WCompanhia Global Varejo		1,700	(c)		46,621
Expedia		5,844	(b,o)		150,249

Issuer	Shares			Value(a)
Home Retail Group		66,754	(c)		302,851
Liberty Media — Interactive Cl A		15,423	(b,g)		167,185
NetFlix		1,855	(b,o)		102,285
NutriSystem		4,387			136,743
priceline.com		9,893	(b)		2,161,621
Total					10,007,172
Internet Software & Services (0.4%)
Alibaba.com		9,500	(c,o)		21,901
EarthLink		28,465	(o)		236,544
eBay		159,711	(b)		3,759,597
ModusLink Global Solutions		8,368	(b,o)		78,743
ValueClick		5,275	(b,o)		53,383
Vistaprint		4,680	(b,c,o)		265,169
Total					4,415,337
IT Services (0.9%)
Affiliated Computer Services Cl A		8,712	(b)		520,019
Automatic Data Processing		72,476	(o)		3,103,421
Ciber		20,384	(b,o)		70,325
Cognizant Technology Solutions Cl A		54,907	(b)		2,487,287
Computer Sciences		43,474	(b)		2,501,059
CSG Systems Intl		5,198	(b)		99,230
Euronet Worldwide		4,264	(b,o)		93,595
Fiserv		16,769	(b)		812,961
Heartland Payment Systems		3,727			48,936
SAIC		6,017	(b)		113,962
Satyam Computer Services ADR		10,700	(b,c)		49,327
TeleTech Holdings		3,962	(b)		79,359
Total System Services		24,529	(o)		423,616
Wipro ADR		2,600	(c,o)		57,902
Wright Express		4,481	(b,o)		142,765
Total					10,603,764
Leisure Equipment & Products (0.1%)
Brunswick		4,174	(o)		53,052
Eastman Kodak		59,979	(b,o)		253,111
JAKKS Pacific		8,599	(b,o)		104,220
Mattel		32,311			645,573
Polaris Inds		2,063	(o)		90,009
Sankyo		1,400	(c)		70,159
Total					1,216,124
Life Sciences Tools & Services (0.1%)
Life Technologies		34,973	(b,o)		1,826,640
Machinery (1.0%)
AGCO		4,682	(b,o)		151,416
Atlas Copco Series A		16,391	(c,o)		241,134
Bucyrus Intl		1,182			66,629
Caterpillar		36,571	(o)		2,084,181
Chart Inds		6,000	(b,o)		99,300
Cummins		6,788	(o)		311,298
Eaton		23,449			1,491,825
EnPro Inds		2,343	(b,o)		61,879
Flowserve		5,667			535,702
Force Protection		15,481	(b)		80,656
Hyundai Heavy Inds		169	(c)		25,126

Issuer	Shares			Value(a)
Hyundai Mipo Dockyard		131	(c)		11,578
Illinois Tool Works		46,689			2,240,606
Ingersoll-Rand		52,534	(c)		1,877,565
KONE Series B		2,876	(c)		123,068
MAN		2,621	(c)		202,810
Manitowoc		21,656	(o)		215,910
Metso		4,545	(c)		159,638
Mueller Inds		6,152	(o)		152,816
Navistar Intl		1,618	(b)		62,536
Nordson		2,313	(o)		141,509
Oshkosh		5,738			212,478
Sandvik		21,515	(c)		259,285
SMC		1,400	(c,o)		159,984
Tata Motors ADR		7,600	(c,o)		128,136
Terex		4,866	(b,o)		96,395
Timken		8,004			189,775
United Tractors		21,000	(c)		34,427
Vallourec		1,406	(c)		253,999
Volvo Series B		27,150	(c)		233,049
Weichai Power Series H		2,000	(c)		16,040
Total					11,920,750
Marine (0.1%)
A P Moller — Maersk Series A		18	(c)		121,469
A P Moller — Maersk Series B		38	(c,o)		266,719
China COSCO Holdings Series H		30,500	(c)		37,124
China Shipping Container Lines Series H		59,000	(b,c,o)		21,041
Evergreen Marine		16,000	(b,c)		8,923
Genco Shipping & Trading		2,203	(b,o)		49,303
Mitsui OSK Lines		21,000	(c)		111,025
Neptune Orient Lines		114,000	(c,o)		133,069
Nippon Yusen Kabushiki Kaisha		24,000	(c)		73,976
Orient Overseas Intl		39,000	(c)		180,850
U-Ming Marine Transport		6,000	(c)		12,149
Yang Ming Marine Transport		32,000	(c)		12,130
Total					1,027,778
Media (1.0%)
British Sky Broadcasting Group ADR		14,787	(c)		133,608
CBS Cl B		163,996	(o)		2,304,144
DISH Network Cl A		10,124			210,275
Fairfax Media		92,990	(c,o)		144,492
Gannett		5,861			87,036
Interpublic Group of Companies		16,384	(b,o)		120,914
Liberty Media — Capital Series A		2,453	(b,g)		58,578
Natl CineMedia		5,040	(o)		83,513
New York Times Cl A		62,001	(b)		766,332
News Corp Cl A		381,104			5,217,315
Viacom Cl B		97,088	(b)		2,886,426
Virgin Media		7,915			133,209
Vivendi		11,725	(c,o)		347,485
Total					12,493,327
Metals & Mining (2.6%)
AK Steel Holding		23,432			500,273
Alcoa		129,295	(o)		2,084,235
Allegheny Technologies		19,700	(o)		881,969
Alumina		87,887	(b,c)		143,636
Aluminum Corp of China ADR		2,000	(b,c,o)		54,500

Issuer	Shares			Value(a)
AM Castle & Co		6,574	(o)		89,998
Aneka Tambang		59,000	(c)		13,780
Angang Steel Series H		10,000	(c,o)		21,806
Anglo American		13,970	(b,c)		605,187
AngloGold Ashanti ADR		600	(c,o)		24,108
Antofagasta		10,226	(c)		162,720
ArcelorMittal		38,970	(c,o)		1,778,566
BHP Billiton		63,812	(c)		2,441,143
BlueScope Steel		68,274	(c)		188,064
Bradespar		700	(c)		15,474
Brush Engineered Materials		3,456	(b,o)		64,074
Century Aluminum		6,458	(b)		104,555
China Steel		109,000	(c)		112,515
Cliffs Natural Resources		5,171	(o)		238,331
Commercial Metals		7,198			112,649
Companhia Siderurgica Nacional ADR		3,200	(c,o)		102,176
Eurasian Natural Resources		9,084	(c)		133,098
Freeport-McMoRan Copper & Gold		94,255	(b,o)		7,567,733
Gerdau		2,600	(c)		33,056
Gerdau ADR		4,000	(c,o)		68,120
Grupo Mexico Series B		32,300	(c)		73,845
Haynes Intl		1,407	(o)		46,389
Horsehead Holding		10,785	(b,o)		137,509
Hyundai Steel		616	(c)		45,804
Impala Platinum Holdings		2,819	(c)		76,951
Intl Nickel Indonesia		30,500	(c)		11,801
Jiangxi Copper Series H		22,000	(c,o)		51,450
Kaiser Aluminum		1,787			74,375
Kazakhmys		17,482	(b,c)		370,266
KGHM Polska Miedz		3,098	(c)		114,364
Maanshan Iron & Steel Series H		28,000	(b,c,o)		20,286
Mechel ADR		2,900	(c)		54,578
Metalurgica Gerdau		4,300	(c)		86,148
Mitsui Mining & Smelting		30,000	(b,c,o)		78,034
MMC Norilsk Nickel ADR		2,243	(b,c)		31,822
Newcrest Mining		3,829	(c)		121,246
Newmont Mining		45,997			2,176,118
Norsk Hydro		44,900	(b,c,o)		377,033
Nucor		41,150			1,919,648
Olympic Steel		2,946	(o)		95,981
OneSteel		47,413	(c)		142,366
Outokumpu		4,195	(c,o)		79,296
OZ Minerals		124,792	(b,c,o)		132,974
Polyus Gold ADR		273	(c)		7,505
Rautaruukki		5,154	(c,o)		119,045
Reliance Steel & Aluminum		3,998	(o)		172,794
Rio Tinto		15,041	(c)		812,408
Rio Tinto		16,228	(c)		1,082,972
RTI Intl Metals		3,450	(b,o)		86,837
Salzgitter		1,912	(c)		187,572
SSAB Series A		14,099	(c)		239,643
SSAB Svenskt Stal Series B		12,100	(c)		187,549
Sterlite Inds India ADR		5,900	(c,o)		107,498
ThyssenKrupp		10,874	(c)		410,963
United States Steel		42,259	(o)		2,329,316
Usinas Siderurgicas de Minas Gerais Series A		2,300	(c)		65,173
Usinas Siderurgicas Minas Gerais		2,000	(c)		57,476
Vale ADR		5,000	(c)		124,100
Vale ADR		2,700	(c,o)		78,381
Vedanta Resources		6,222	(c)		260,318

Issuer	Shares			Value(a)
voestalpine		5,236	(c)		191,010
Walter Energy		1,635			123,132
Worthington Inds		5,583			72,970
Xstrata		66,967	(b,c)		1,194,785
Zijin Mining Group Series H		32,000	(c,o)		30,332
Total					31,801,829
Multiline Retail (0.6%)
Dillard’s Cl A		6,688	(o)		123,394
Family Dollar Stores		29,155	(o)		811,384
JC Penney		12,245	(o)		325,839
Kohl’s		45,309	(b)		2,443,513
Lojas Americanas		1,100	(c)		9,801
Macy’s		86,777			1,454,383
Marks & Spencer Group		58,303	(c)		376,806
Next		5,331	(c)		178,301
Nordstrom		28,248	(o)		1,061,560
Sears Holdings		9,871	(b,o)		823,735
Total					7,608,716
Multi-Utilities (0.4%)
AGL Energy		21,365	(c,o)		268,461
Centrica		32,473	(c)		147,132
CH Energy Group		1,547			65,778
Consolidated Edison		33,846			1,537,625
GDF Suez		6,825	(c)		295,233
PG&E		48,999	(o)		2,187,806
SCANA		11,958	(o)		450,577
Veolia Environnement		4,859	(c,o)		159,933
Total					5,112,545
Office Electronics (0.1%)
Canon		13,000	(c)		553,446
Ricoh		20,000	(c)		286,806
Xerox		96,127	(o)		813,235
Total					1,653,487
Oil, Gas & Consumable Fuels (7.5%)
ATP Oil & Gas		7,576	(b)		138,489
Bill Barrett		3,560	(b)		110,752
BP		98,689	(c)		953,243
Bumi Resources		300,500	(c)		76,593
Chevron		552,425			42,531,202
China Coal Energy Series H		13,000	(c,o)		23,589
China Petroleum & Chemical ADR		900	(c)		79,263
China Shenhua Energy Series H		24,000	(c)		116,503
Cimarex Energy		1,730	(o)		91,638
CNPC Hong Kong		10,000	(c)		13,187
ConocoPhillips		296,251			15,129,540
CVR Energy		4,479	(b,o)		30,726
Eni		73,430	(c)		1,867,216
Frontier Oil		5,449			65,606
Frontline		2,646	(c,o)		72,289
Gazprom ADR		12,848	(c)		324,439
Gazprom Neft ADR		815	(c)		22,238
Gran Tierra Energy		14,026	(b,c)		80,369
Hess		39,800	(o)		2,407,900
INPEX		16	(c)		121,075
Knightsbridge Tankers		3,624	(c)		48,054

Issuer	Shares			Value(a)
LUKOIL ADR		3,441	(c)		194,991
Marathon Oil		124,506			3,887,077
McMoRan Exploration		7,830	(b,o)		62,797
MOL Magyar Olaj-es Gazipari		948	(b,c)		85,448
Murphy Oil		37,360			2,024,912
Newfield Exploration		2,857	(b)		137,793
Nippon Mining Holdings		20,000	(c)		85,905
Nippon Oil		12,000	(c)		55,678
Occidental Petroleum		42,257			3,437,607
OMV		3,004	(c)		131,611
Origin Energy		3,269	(c)		49,168
Overseas Shipholding Group		1,621	(o)		71,243
Patriot Coal		7,331	(b,o)		113,337
Penn Virginia		2,801			59,633
Petroleo Brasileiro ADR		1,700	(c)		81,056
Petroleo Brasileiro ADR		5,300	(c,o)		224,667
Petroleum Development		3,097	(b)		56,396
Pioneer Natural Resources		663	(o)		31,937
Plains Exploration & Production		2,293	(b)		63,424
Polski Koncern Naftowy Orlen		7,034	(b,c)		83,108
Range Resources		17,025	(o)		848,696
Reliance Inds GDR		2,406	(c,d,h,o)		111,660
Repsol YPF		51,942	(c)		1,391,802
Rosetta Resources		4,033	(b,o)		80,378
Royal Dutch Shell Series A		180,332	(c)		5,458,518
Royal Dutch Shell Series B		118,811	(c)		3,461,192
Santos		9,097	(c,o)		114,539
Sasol ADR		500	(c)		19,970
SK Energy		135	(c)		13,581
S-Oil		269	(c)		12,501
Spectra Energy		68,243			1,399,664
St. Mary Land & Exploration		2,680			91,763
Stone Energy		3,925	(b,o)		70,846
Sunoco		37,047	(o)		966,927
Surgutneftegaz ADR		1,459	(c,o)		12,900
Swift Energy		5,232	(b,o)		125,359
Tatneft ADR		2,851	(c,o)		82,378
Tesoro		63,373	(o)		858,704
Total		6,095	(c)		390,908
Tupras Turkiye Petrol Rafinerileri		2,122	(c)		42,353
USEC		17,204	(b,o)		66,235
Valero Energy		113,641	(o)		1,903,487
Western Refining		12,165	(b,o)		57,297
Whiting Petroleum		930	(b)		66,449
Woodside Petroleum		2,099	(c,o)		88,493
World Fuel Services		13,140	(o)		352,021
Yanzhou Coal Mining ADR		700	(c,o)		15,281
Total					93,345,601
Paper & Forest Products (0.2%)
Clearwater Paper		1,603	(b,o)		88,117
Domtar		911	(b,c,o)		50,479
Intl Paper		11,426			305,988
MeadWestvaco		29,023	(o)		830,928
Nine Dragons Paper Holdings		3,000	(c)		4,785
Nippon Paper Group		2,800	(c)		71,515
Schweitzer-Mauduit Intl		2,283	(o)		160,609
Stora Enso Series R		39,102	(b,c,o)		273,853
Svenska Cellulosa Series B		27,684	(c)		369,392

Issuer	Shares			Value(a)
UPM-Kymmene		8,672	(c,o)		102,949
Total					2,258,615
Personal Products (—%)
Hengan Intl Group		3,000	(c)		22,213
Nu Skin Enterprises Cl A		4,461	(o)		119,867
Total					142,080
Pharmaceuticals (7.7%)
Abbott Laboratories		53,323			2,878,909
AstraZeneca		16,247	(c)		763,792
Auxilium Pharmaceuticals		2,851	(b)		85,473
Bristol-Myers Squibb		217,280	(o)		5,486,320
Eli Lilly & Co		13,705	(o)		489,406
Endo Pharmaceuticals Holdings		2,932	(b)		60,135
Forest Laboratories		76,516	(b)		2,456,929
GlaxoSmithKline		20,717	(c)		439,454
Johnson & Johnson		343,657			22,134,947
King Pharmaceuticals		51,676	(b)		634,065
Merck & Co		526,960			19,255,118
Mitsubishi Tanabe Pharma		8,000	(c)		99,903
Novartis		17,866	(c)		975,036
Par Pharmaceutical Companies		4,606	(b)		124,638
Pfizer		2,061,732			37,502,906
Sanofi-Aventis		12,165	(c,o)		955,290
Shire		6,806	(c)		133,028
Takeda Pharmaceutical		16,800	(c)		692,739
Teva Pharmaceutical Inds ADR		1,000	(c,o)		56,180
ViroPharma		7,656	(b)		64,234
Total					95,288,502
Professional Services (0.1%)
Administaff		5,291	(o)		124,815
Experian		16,696	(c)		164,967
Heidrick & Struggles Intl		2,174	(o)		67,916
ICF Intl		2,292	(b,o)		61,426
Korn/Ferry Intl		4,228	(b,o)		69,762
Manpower		1,530			83,507
Spherion		10,111	(b,o)		56,824
TrueBlue		3,557	(b,o)		52,679
Total					681,896
Real Estate (—%)
BGP Holdings		581,000	(b,c,h)		1
Real Estate Investment Trusts (REITs) (0.1%)
Anworth Mtge Asset		13,774			96,418
Capstead Mtge		22,398			305,733
Corio		1,208	(c)		82,180
Dexus Property Group		115,672	(c)		87,731
Getty Realty		2,633	(o)		61,954
GPT Group		382,985	(c)		205,740
MFA Financial		25,971	(o)		190,887
Mirvac Group		64,445	(c)		89,890
SL Green Realty		2,751			138,210
Stockland		67,739	(c)		238,588
Total					1,497,331

Issuer	Shares			Value(a)
Real Estate Management & Development (0.1%)
Agile Property Holdings		20,000	(c)		29,032
CapitaLand		37,000	(c,o)		109,775
CB Richard Ellis Group Cl A		6,915	(b)		93,837
Cheung Kong Holdings		44,000	(c)		565,404
China Overseas Land & Investment		8,000	(c)		16,762
China Resources Land		12,000	(c)		27,011
Country Garden Holdings		30,000	(c,o)		11,101
Guangzhou R&F Properties Series H		10,000	(c,o)		17,442
Hopson Development Holdings		6,000	(c)		8,589
Jones Lang LaSalle		1,575	(o)		95,130
Kerry Properties		26,500	(c)		134,037
Shimao Property Holdings		19,500	(c)		36,560
Sun Hung Kai Properties		27,000	(c)		401,464
Swire Pacific Series A		18,000	(c)		217,679
Total					1,763,823
Road & Rail (0.1%)
Arkansas Best		5,734	(o)		168,752
Hertz Global Holdings		6,578	(b,o)		78,410
MTR		34,225	(c,o)		117,906
Nippon Express		21,000	(c)		86,795
Ryder System		14,865	(o)		611,991
Saia		4,213	(b,o)		62,437
Total					1,126,291
Semiconductors & Semiconductor Equipment (2.3%)
Amkor Technology		19,508	(b,o)		139,677
Analog Devices		29,389	(o)		928,105
ASML Holding		6,779	(c)		231,109
Atheros Communications		2,828	(b)		96,831
Broadcom Cl A		85,565	(b,o)		2,691,019
Cree		1,549	(b)		87,317
Epistar		4,000	(c)		14,984
Hynix Semiconductor		1,660	(b,c)		33,053
Intel		668,143	(o)		13,630,117
Kinsus Interconnect Technology		3,000	(c)		8,027
Lam Research		2,932	(b)		114,964
Macronix Intl		12,000	(c)		6,855
Marvell Technology Group		15,736	(b,c)		326,522
MEMC Electronic Materials		46,397	(b)		631,927
Micron Technology		196,410	(b,o)		2,074,090
Monolithic Power Systems		5,265	(b,o)		126,202
NetLogic Microsystems		2,511	(b)		116,159
Novatek Microelectronics		6,000	(c)		20,064
NVIDIA		120,644	(b)		2,253,630
OmniVision Technologies		8,550	(b)		124,232
Power Integrations		1,640			59,630
Powertech Technology		4,000	(c)		13,566
Rohm		2,700	(c)		176,352
Samsung Electronics		220	(c)		99,289
Samsung Electronics GDR		389	(c,d,h)		135,340
Sigma Designs		5,256	(b)		56,239
Silicon Image		26,135	(b,o)		67,428
Siliconware Precision Inds ADR		1,800	(c)		12,618
Skyworks Solutions		3,811	(b,o)		54,078
STMicroelectronics		16,013	(c,o)		147,747
Taiwan Semiconductor Mfg ADR		5,500	(c,o)		62,920
Teradyne		5,545	(b)		59,498

Issuer	Shares			Value(a)
Texas Instruments		127,153	(o)		3,313,607
United Microelectronics		148,000	(b,c)		80,043
Zoran		2,572	(b)		28,421
Total					28,021,660
Software (1.2%)
Autodesk		5,994	(b)		152,308
Informatica		8,075	(b,o)		208,820
Intuit		30,327	(b,o)		931,342
Microsoft		343,758			10,481,181
MicroStrategy Cl A		916	(b)		86,122
Oracle		39,507			969,502
Pegasystems		2,468	(o)		83,912
Red Hat		49,404	(b)		1,526,584
Rovi		7,486	(b,o)		238,579
Take-Two Interactive Software		6,209	(b,o)		62,400
Taleo Cl A		4,234	(b)		99,584
TIBCO Software		15,842	(b)		152,558
TiVo		10,497	(b)		106,859
Ultimate Software Group		2,659	(b,o)		78,095
Total					15,177,846
Specialty Retail (2.0%)
Abercrombie & Fitch Cl A		28,568	(o)		995,595
American Eagle Outfitters		5,798			98,450
AnnTaylor Stores		5,380	(b,o)		73,383
Asbury Automotive Group		4,520	(b,o)		52,116
AutoNation		29,434	(b,o)		563,661
AutoZone		3,706	(b)		585,807
Barnes & Noble		4,186	(o)		79,827
Bed Bath & Beyond		31,972	(b,o)		1,235,078
Best Buy		22,212			876,486
Big 5 Sporting Goods		4,679			80,385
Brown Shoe		5,283			52,143
Buckle		1,401	(o)		41,021
CarMax		4,751	(b,o)		115,212
Cato Cl A		3,996	(o)		80,160
Chico’s FAS		15,706	(b)		220,669
Children’s Place Retail Stores		3,554	(b,o)		117,318
Christopher & Banks		4,583	(o)		34,922
Collective Brands		4,718	(b,o)		107,429
Dress Barn		8,047	(b,o)		185,886
DSW Cl A		2,063	(b)		53,390
Foot Locker		4,989			55,577
Foschini		1,302	(c)		10,601
GameStop Cl A		3,338	(b,o)		73,236
Gap		86,692			1,816,197
Genesco		5,863	(b)		160,998
Group 1 Automotive		6,460	(b,o)		183,141
GUESS?		2,014	(o)		85,192
Gymboree		1,648	(b,o)		71,672
Hennes & Mauritz Series B		6,514	(c,o)		361,398
Home Depot		361,002			10,443,787
Hot Topic		12,679	(b,o)		80,638
Inditex		3,437	(c)		214,335
Jo-Ann Stores		3,778	(b,o)		136,915
Jos A Bank Clothiers		1,858	(b,o)		78,389
Kingfisher		81,517	(c)		300,171
Limited Brands		24,481	(o)		471,014

Issuer	Shares			Value(a)
Lowe’s Companies		41,210	(o)		963,902
Lumber Liquidators Holdings		1,975	(b,o)		52,930
Men’s Wearhouse		8,395	(o)		176,799
Office Depot		20,668	(b)		133,309
OfficeMax		11,681	(b,o)		148,232
O’Reilly Automotive		19,541	(b,o)		744,903
Pacific Sunwear of California		10,860	(b,o)		43,223
PetSmart		3,572	(o)		95,337
RadioShack		47,093			918,314
Rent-A-Center		7,234	(b,o)		128,186
Sherwin-Williams		16,558	(o)		1,020,801
Signet Jewelers		6,900	(b,c)		184,368
Sonic Automotive Cl A		7,840			81,458
Stage Stores		3,715	(o)		45,917
Wet Seal Cl A		24,265	(b,o)		83,714
Williams-Sonoma		9,093	(o)		188,953
Total					25,202,545
Textiles, Apparel & Luxury Goods (0.5%)
Carter’s		3,024	(b)		79,380
Coach		41,212			1,505,474
Compagnie Financiere Richemont Series A		16,961	(c)		569,987
Crocs		13,638	(b,o)		78,419
Deckers Outdoor		883	(b,o)		89,819
Formosa Taffeta		15,000	(c)		12,134
Fossil		4,736	(b)		158,940
Fuqi Intl		1,738	(b,c,o)		31,197
Iconix Brand Group		6,607	(b)		83,579
Jones Apparel Group		26,055			418,443
Li Ning		4,000	(c)		15,167
Liz Claiborne		57,152	(b,o)		321,766
Nike Cl B		36,479	(o)		2,410,168
Pou Chen		15,000	(c)		11,919
Skechers USA Cl A		3,410	(b,o)		100,288
VF		2,466	(o)		180,610
Warnaco Group		4,133	(b)		174,371
Total					6,241,661
Thrifts & Mortgage Finance (0.1%)
Fannie Mae		383,484	(b,o)		452,511
Freddie Mac		257,610	(b,o)		378,687
Ocwen Financial		8,485	(b,o)		81,201
Total					912,399
Tobacco (0.1%)
Alliance One Intl		13,446	(b,o)		65,616
KT&G		577	(c)		31,951
Lorillard		7,780			624,190
Universal		2,805	(o)		127,936
Total					849,693
Trading Companies & Distributors (0.1%)
Fastenal		2,894	(o)		120,506
H&E Equipment Services		8,893	(b,o)		93,288
ITOCHU		42,000	(c)		310,494
Mitsubishi		5,500	(c)		137,108
Sojitz		34,400	(c)		65,141
Sumitomo		57,900	(c)		590,057
United Rentals		6,462	(b,o)		63,392

Issuer	Shares			Value(a)
WESCO Intl		4,139	(b,o)		111,794
Wolseley		12,229	(b,c)		244,859
Total					1,736,639
Transportation Infrastructure (—%)
COSCO Pacific		8,000	(c)		10,153
Macquarie Infrastructure Group		48,861	(c)		58,178
MAp Group		29,109	(c)		78,764
Zhejiang Expressway Series H		10,000	(c)		9,214
Total					156,309
Water Utilities (—%)
Cia Saneamento Basico Estado Sao Paulo ADR		1,700	(c)		66,504
YTL Power Intl		12,500	(c)		8,169
Total					74,673
Wireless Telecommunication Services (0.6%)
America Movil ADR Series L		900	(c)		42,282
China Mobile ADR		2,000	(c,o)		92,860
Far Eastone Telecommunications		44,000	(c)		52,742
KDDI		110	(c)		583,108
LG Telecom		1,410	(c)		10,288
Mobile Telesystems ADR		300	(c)		14,667
NTT DoCoMo		120	(c)		167,594
SK Telecom ADR		6,300	(c)		102,438
Sprint Nextel		377,941	(b,o)		1,383,264
Syniverse Holdings		9,851	(b)		172,195
Tim Participacoes ADR		500	(c)		14,855
USA Mobility		6,312	(o)		69,495
Vodafone Group		2,155,007	(c)		4,991,867
Total					7,697,655
Total Common Stocks (Cost: $984,587,530)				$	911,127,676

Preferred Stocks & Other (—%)

Issuer	Shares			Value(a)
Commercial Banks (—%)
Unione di Banche Italiane
Warrants		2,728	(b,c,h)	$	192
Electric Utilities (—%)
Eletropaulo Metropolitana Eletricidade Sao Paulo Series B		2,900	(c)		57,401
Insurance (—%)
Fortis
Rights		93,977	(b,c,h,p)		—
Oil, Gas & Consumable Fuels (—%)
Woodside Petroleum
Rights		174	(b,c)		797
Total Preferred Stocks & Other (Cost: $56,472)				$	58,390

Exchange Traded Funds (3.9%)

Issuer	Shares			Value(a)
iShares MSCI Emerging Markets Index Fund		125,565	(o)	$	5,210,948
Vanguard Emerging Markets ETF		1,060,586			43,484,026
Total Exchange Traded Funds (Cost: $45,134,285)				$	48,694,974

Bonds (21.8%)

	Coupon			Principal
Issuer	rate			amount			Value(a)
Foreign Agencies (0.2%)(c)
Banco Nacional de Desenvolvimento Economico e Social
06-10-19		6.50	%	$	400,000	(d)	$	426,846
Empresa Nacional Del Petroleo
Sr Unsecured
07-08-19		6.25			300,000	(d)		311,164
Pemex Project Funding Master Trust
03-01-18		5.75			750,000			758,345
06-15-35		6.63			825,000	(o)		785,525
Petroleos de Venezuela
04-12-17		5.25			800,000			440,000
TDIC Finance
07-02-14		6.50			300,000	(d)		304,882
Total								3,026,762
Foreign Local Government (—%)(c)
New South Wales Treasury
(Australian Dollar)
05-01-12		6.00			220,000			201,558
Sovereign (2.2%)(c)
Bundesrepublik Deutschland
(European Monetary Unit)
07-04-14		4.25			1,550,000			2,389,925
01-04-18		4.00			1,750,000			2,652,886
07-04-34		4.75			600,000			931,265
Federative Republic of Brazil
Sr Unsecured
01-15-19		5.88			800,000			852,000
Govt of Japan
(Japanese Yen)
03-20-14		0.90			595,000,000			6,528,907
12-20-23		1.80			175,000,000			1,899,233
03-20-29		2.10			105,000,000			1,135,881
Perusahaan Penerbit SBSN
04-23-14		8.80			500,000	(d)		578,586
Republic of Argentina
Sr Unsecured
09-12-13		7.00			500,000			454,500
Republic of Colombia
09-18-37		7.38			400,000			436,000
Republic of Colombia
Sr Unsecured
03-18-19		7.38			700,000	(o)		792,750
Republic of El Salvador
04-10-32		8.25			200,000	(d)		208,000
06-15-35		7.65			300,000	(d)		295,500

	Coupon		Principal
Issuer	Rate		Amount			Value(a)
Republic of Indonesia
Sr Unsecured
01-17-18		6.88		500,000	(d)		550,000
10-12-35		8.50		500,000	(d)		598,750
Republic of Iraq
01-15-28		5.80		250,000	(d)		191,250
Republic of Peru
Sr Unsecured
03-30-19		7.13		500,000			575,000
07-21-25		7.35		400,000			458,000
03-14-37		6.55		400,000			416,000
Republic of Philippines
Sr Unsecured
06-17-19		8.38		530,000	(o)		646,600
01-20-20		6.50		300,000	(o)		324,750
Republic of Turkey
06-05-20		7.00		650,000			708,500
03-17-36		6.88		500,000			508,750
Republic of Turkey
Sr Unsecured
07-14-17		7.50		100,000			113,500
03-11-19		7.00		600,000			657,000
Republic of Venezuela
02-26-16		5.75		500,000			325,000
Republic of Venezuela
Sr Unsecured
05-07-23		9.00		1,230,000			827,175
Republica Orient Uruguay
Sr Unsecured
03-21-36		7.63		400,000			433,000
Russian Federation
03-31-30		7.50		1,150,560	(d)		1,297,256
Total							27,785,964
Supranational (—%)(c)
Corp Andina de Fomento
Sr Unsecured
06-04-19		8.13		450,000			514,078
Treasury (1.4%)
Bonos Y Oblig Del Estado
(European Monetary Unit)
01-31-29		6.00		600,000	(c)		1,006,124
Buoni Poliennali Del Tesoro
(European Monetary Unit) Sr Unsecured
08-01-17		5.25		2,300,000	(c)		3,674,379
French Treasury
(European Monetary Unit)
01-12-14		2.50		2,400,000	(c)		3,454,892
Govt of Canada
(Canadian Dollar)
06-01-18		4.25		810,000	(c)		813,702
Govt of Indonesia
(Indonesian Rupiah) Series FR36
09-15-19		11.50		3,500,000,000	(c)		405,952
Govt of Japan
(Japanese Yen)
12-20-17		1.50		240,000,000	(c)		2,685,710
Govt of Norway
(Norwegian Krone)
05-16-11		6.00		470,000	(c)		85,013

	Coupon		Principal
Issuer	Rate		Amount			Value(a)
Govt of Poland
(Polish Zloty) Series 1017
10-25-17		5.25		770,000	(c)		254,629
Govt of Sweden
(Swedish Krona)
05-05-14		6.75		1,200,000	(c)		197,427
Hellenic Republic
(European Monetary Unit)
03-20-12		4.30		700,000	(c)		1,000,773
Mexican Fixed Rate Bonds
(Mexican Peso) Series M-10
12-14-17		7.75		5,700,000	(c)		433,584
Nota do Tesouro Nacional
(Brazilian Real) Series F
01-01-13		10.00		148,000	(c)		839,456
United Kingdom Treasury
(British Pound)
09-07-14		5.00		180,000	(c)		318,759
03-07-19		4.50		1,100,000	(c)		1,835,188
Total							17,005,588
U.S. Government Obligations & Agencies (8.1%)
Federal Home Loan Mtge Corp
07-17-15		4.38		2,165,000	(o)		2,306,123
Federal Natl Mtge Assn
08-17-12		2.24		55,000			55,106
01-02-14		5.13		1,129,000			1,198,580
04-15-15		5.00		3,100,000	(o)		3,406,624
10-15-15		4.38		2,195,000			2,335,133
U.S. Treasury
11-30-14		2.13		1,160,000	(o)		1,132,543
12-31-14		2.63		3,760,000			3,749,425
11-15-19		3.38		5,935,000	(o)		5,713,365
02-15-29		5.25		3,900,000			4,225,408
08-15-39		4.50		2,875,000	(o)		2,809,864
U.S. Treasury Inflation-Indexed Bond
04-15-10		0.88		8,055,954	(k,o)		8,083,298
01-15-12		3.38		8,521,940	(k)		9,114,778
07-15-12		3.00		4,809,120	(k)		5,170,726
01-15-14		2.00		6,621,747	(k,o)		7,002,677
04-15-14		1.25		1,644,518	(k,o)		1,699,686
01-15-15		1.63		10,443,715	(k,o)		10,861,751
01-15-17		2.38		7,267,685	(k,o)		7,849,887
01-15-26		2.00		9,257,690	(k)		9,297,812
01-15-27		2.38		14,390,660	(k)		15,144,348
Total							101,157,134
Asset-Backed (0.5%)
Bank of America Credit Card Trust
Series 2008-A1 Cl A1
04-15-13		0.81		1,100,000	(i)		1,097,501
Capital Auto Receivables Asset Trust
Series 2007-SN2 Cl A4
05-16-11		1.26		525,000	(d,i)		526,048
CitiFinancial Auto Issuance Trust
Series 2009-1 Cl A2
11-15-12		1.83		3,700,000	(d)		3,699,956

	Coupon		Principal
Issuer	Rate		Amount			Value(a)
Natl Collegiate Student Loan Trust
Collateralized Mtge Obligation
Interest Only
Series 2006-2 Cl AIO
08-25-11		31.11		800,000	(j)		58,000
Natl Collegiate Student Loan Trust
Collateralized Mtge Obligation
Interest Only
Series 2006-3 Cl AIO
01-25-12		5.88		1,500,000	(j)		180,121
Santander Drive Auto Receivables Trust
Series 2007-1 Cl A4 (FGIC)
09-15-14		0.28		945,180	(i,m)		925,308
Triad Auto Receivables Owner Trust
Series 2007-B Cl A3A (AGM)
10-12-12		5.24		220,000	(m)		223,253
Total							6,710,187
Commercial Mortgage-Backed (0.7%)(f)
Bear Stearns Commercial Mtge Securities
Series 2004-PWR5 Cl A3
07-11-42		4.57		700,000			700,479
Citigroup Commercial Mtge Trust
Series 2006-C5 Cl A4
10-15-49		5.43		350,000			325,022
Citigroup/Deutsche Bank Commercial Mtge Trust
Series 2005-CD1 Cl ASB
07-15-44		5.22		175,000			179,080
Commercial Mtge Pass-Through Ctfs
Series 2004-LB3A Cl A3
07-10-37		5.09		331,000			337,534
Commercial Mtge Pass-Through Ctfs
Series 2004-LB3A Cl A4
07-10-37		5.23		450,000			450,694
Commercial Mtge Pass-Through Ctfs
Series 2006-CN2A Cl BFL
02-05-19		0.54		175,000	(d,i)		133,241
Credit Suisse First Boston Mtge Securities
Series 2005-C4 Cl A1
08-15-38		4.77		105,891			106,111
Federal Natl Mtge Assn #735029
09-01-13		5.32		346,967			369,424
GE Capital Commercial Mtge
Series 2005-C1 Cl A5
06-10-48		4.77		400,000			383,562
General Electric Capital Assurance
Series 2003-1 Cl A4
05-12-35		5.25		334,609	(d)		338,893
Greenwich Capital Commercial Funding
Series 2004-GG1 Cl A5
06-10-36		4.88		200,000			202,486
GS Mtge Securities II
Series 2007-EOP Cl J
03-06-20		1.08		950,000	(d,i)		780,148
GS Mtge Securities II
Series 2007-GG10 Cl F
08-10-45		5.81		625,000			74,536

	Coupon		Principal
Issuer	Rate		Amount			Value(a)
JPMorgan Chase Commercial Mtge Securities
Series 2003-LN1 Cl A1
10-15-37		4.13		210,657			211,153
JPMorgan Chase Commercial Mtge Securities
Series 2003-ML1A Cl A1
03-12-39		3.97		74,623			75,620
JPMorgan Chase Commercial Mtge Securities
Series 2003-ML1A Cl A2
03-12-39		4.77		750,000			754,225
JPMorgan Chase Commercial Mtge Securities
Series 2004-C2 Cl A2
05-15-41		5.11		361,914			371,567
JPMorgan Chase Commercial Mtge Securities
Series 2004-CBX Cl A3
01-12-37		4.18		118,264			118,142
JPMorgan Chase Commercial Mtge Securities
Series 2006-LDP6 Cl ASB
04-15-43		5.49		575,000			574,638
JPMorgan Chase Commercial Mtge Securities
Series 2007-CB20 Cl E
02-12-51		6.20		525,000	(d)		100,871
LB-UBS Commercial Mtge Trust
Series 2004-C2 Cl A3
03-15-29		3.97		250,000			243,516
LB-UBS Commercial Mtge Trust
Series 2005-C1 Cl A4
02-15-30		4.74		325,000			315,440
Morgan Stanley Capital I
Series 2004-HQ4 Cl A5
04-14-40		4.59		950,000			939,292
Morgan Stanley Capital I
Series 2006-T23 Cl AAB
08-12-41		5.80		350,000			361,402
Wachovia Bank Commercial Mtge Trust
Series 2006-C24 Cl APB
03-15-45		5.58		350,000			342,429
Total							8,789,505
Residential Mortgage-Backed (3.8%)(f,q)
Countrywide Alternative Loan Trust
Collateralized Mtge Obligation
Series 2005-14 Cl 2A2
05-25-35		0.48		559,822	(i)		308,572
Countrywide Home Loans
Collateralized Mtge Obligation
Series 2005-R2 Cl 2A1
06-25-35		7.00		322,386	(d)		277,319
Federal Home Loan Mtge Corp
01-01-40		6.00		3,000,000	(e)		3,180,936
Federal Home Loan Mtge Corp #1G0847
07-01-35		4.72		3,881,023	(i)		4,050,187
Federal Home Loan Mtge Corp #A82542
10-01-38		7.00		4,357,787			4,752,709
Federal Home Loan Mtge Corp #B13193
04-01-19		5.50		264,205			281,659
Federal Home Loan Mtge Corp #B15214
06-01-19		5.00		1,456,941			1,533,610
Federal Home Loan Mtge Corp #B16408
09-01-19		5.50		1,042,403			1,110,944

	Coupon		Principal
Issuer	Rate		Amount			Value(a)
Federal Home Loan Mtge Corp #C53878
12-01-30		5.50		540,969			569,976
Federal Home Loan Mtge Corp #G05493
03-01-39		6.50		581,461			622,948
Federal Home Loan Mtge Corp #G12141
09-01-20		4.50		574,900			596,144
Federal Natl Mtge Assn
01-01-40		5.50		400,000	(e)		418,688
01-01-40		6.00		2,150,000	(e)		2,276,983
Federal Natl Mtge Assn #190353
08-01-34		5.00		277,517			285,683
Federal Natl Mtge Assn #254684
03-01-18		5.00		815,370			859,042
Federal Natl Mtge Assn #254800
07-01-23		5.50		837,411			887,401
Federal Natl Mtge Assn #545874
08-01-32		6.50		624,459			681,797
Federal Natl Mtge Assn #555528
04-01-33		6.00		1,253,317			1,339,482
Federal Natl Mtge Assn #598558
08-01-16		6.00		226,981			245,791
Federal Natl Mtge Assn #661185
06-01-17		7.00		209,214			227,690
Federal Natl Mtge Assn #668824
08-01-32		6.50		940,504			1,016,332
Federal Natl Mtge Assn #670387
08-01-32		7.00		69,179			76,557
Federal Natl Mtge Assn #671054
01-01-33		7.00		747,603			825,069
Federal Natl Mtge Assn #725232
03-01-34		5.00		1,112,542			1,146,323
Federal Natl Mtge Assn #725424
04-01-34		5.50		2,466,229			2,592,110
Federal Natl Mtge Assn #730153
08-01-33		5.50		710,853			747,136
Federal Natl Mtge Assn #735212
12-01-34		5.00		2,176,160			2,240,199
Federal Natl Mtge Assn #735224
02-01-35		5.50		2,126,998			2,235,563
Federal Natl Mtge Assn #743579
11-01-33		5.50		840,288			883,178
Federal Natl Mtge Assn #785506
06-01-34		5.00		2,118,527			2,180,869
Federal Natl Mtge Assn #786151
07-01-19		5.50		2,124,815			2,279,719
Federal Natl Mtge Assn #791447
10-01-34		6.00		756,250	(s)		806,588
Federal Natl Mtge Assn #883201
07-01-36		6.50		794,981	(s)		863,527
Federal Natl Mtge Assn #915770
03-01-37		6.50		3,159,353			3,386,925
Federal Natl Mtge Assn #974740
04-01-23		6.00		1,350,978			1,442,477
Total							47,230,133

	Coupon		Principal
Issuer	Rate		Amount			Value(a)
Aerospace & Defense (0.1%)
TransDigm
07-15-14		7.75		1,000,000	(d)		1,013,750
Banking (—%)
Export-Import Bank of Korea
Sr Unsecured
01-14-15		5.88		500,000	(c)		537,629
Chemicals (0.1%)
INVISTA
Sr Unsecured
05-01-12		9.25		1,000,000	(d)		1,015,000
MacDermid
Sr Sub Nts
04-15-17		9.50		315,000	(d)		315,000
Total							1,330,000
Construction Machinery (0.2%)
Terex
Sr Sub Nts
11-15-17		8.00		1,000,000	(o)		962,500
United Rentals North America
06-15-16		10.88		1,000,000	(o)		1,087,500
Total							2,050,000
Consumer Cyclical Services (0.1%)
West Corp
10-15-14		9.50		1,000,000			1,015,000
Consumer Products (0.2%)
AAC Group Holding
Sr Disc Nts
10-01-12		10.25		850,000	(d)		852,125
Jarden
05-01-16		8.00		1,000,000			1,032,500
Total							1,884,625
Electric (0.4%)
Indiana Michigan Power
Sr Unsecured
03-15-37		6.05		955,000			949,726
Majapahit Holding
08-07-19		8.00		200,000	(d)		211,000
NRG Energy
01-15-17		7.38		1,000,000			1,002,500
Power Sector Assets & Liabilities
05-27-19		7.25		400,000	(c,d)		429,000
Sierra Pacific Power
Series M
05-15-16		6.00		1,780,000			1,886,436
Total							4,478,662
Food and Beverage (0.3%)
Kraft Foods
Sr Unsecured
02-11-13		6.00		355,000			380,705
Pinnacle Foods Finance LLC
04-01-15		9.25		1,000,000			1,015,000
SABMiller
Sr Unsecured
01-15-14		5.70		2,420,000	(c,d)		2,614,466
Total							4,010,171

	Coupon		Principal
Issuer	Rate		Amount			Value(a)
Gaming (0.1%)
Boyd Gaming
Sr Sub Nts
02-01-16		7.13		1,000,000			870,000
MGM MIRAGE
Sr Unsecured
03-01-18		11.38		1,000,000	(d)		895,000
Total							1,765,000
Gas Pipelines (0.6%)
CenterPoint Energy Resources
Sr Unsecured
02-15-11		7.75		1,417,000			1,498,616
Colorado Interstate Gas
Sr Unsecured
11-15-15		6.80		1,082,000			1,194,598
Southern Natural Gas
Sr Unsecured
04-01-17		5.90		1,800,000	(d)		1,848,485
TransCapitalInvest for Transneft
Secured
08-07-18		8.70		700,000	(c,d,o)		802,138
Transcontinental Gas Pipe Line LLC
Sr Unsecured
04-15-16		6.40		1,750,000			1,909,008
Total							7,252,845
Health Care (0.4%)
Apria Healthcare Group
Sr Secured
11-01-14		12.38		125,000	(d)		137,500
DaVita
03-15-15		7.25		1,000,000			1,002,500
HCA
Sr Secured Pay-in-kind
11-15-16		9.63		1,000,000	(r)		1,082,500
Omnicare
12-15-13		6.75		1,000,000			980,000
Select Medical
02-01-15		7.63		1,000,000			970,000
Vanguard Health Holding II LLC
10-01-14		9.00		295,000			305,694
Total							4,478,194
Home Construction (0.1%)
K Hovnanian Enterprises
Sr Secured
10-15-16		10.63		910,000	(d)		950,950
Independent Energy (0.3%)
Chesapeake Energy
01-15-16		6.63		1,000,000			990,000
PetroHawk Energy
06-01-15		7.88		1,000,000			1,010,000

	Coupon		Principal
Issuer	Rate		Amount			Value(a)
Quicksilver Resources
08-01-15		8.25		1,000,000	(o)		1,025,000
Range Resources
05-15-19		8.00		1,000,000			1,070,000
Total							4,095,000
Media Cable (0.2%)
Charter Communications Operating LLC/Capital
Secured
04-30-14		8.38		1,000,000	(d)		1,027,500
Comcast
03-15-37		6.45		640,000			659,885
CSC Holdings LLC
Sr Unsecured
04-15-14		8.50		1,000,000	(d,o)		1,065,000
Total							2,752,385
Media Non Cable (0.3%)
Liberty Media LLC
Sr Unsecured
05-15-13		5.70		769,000			732,473
Nielsen Finance LLC
08-01-14		10.00		1,000,000	(o)		1,042,500
RR Donnelley & Sons
Sr Unsecured
01-15-17		6.13		1,620,000			1,601,546
Total							3,376,519
Non Captive Diversified (0.2%)
Ford Motor Credit LLC
Sr Unsecured
08-10-11		9.88		1,000,000			1,047,500
GMAC
12-01-14		6.75		1,000,000	(d)		950,000
Total							1,997,500
Oil Field Services (0.1%)
Gaz Capital
Sr Nts
07-31-14		8.13		120,000	(c,d,o)		126,918
Gaz Capital
Sr Secured
04-11-18		8.15		350,000	(c,d)		368,813
KazMunaiGaz Finance
01-23-15		11.75		500,000	(c,d,o)		598,326
Key Energy Services
12-01-14		8.38		90,000			90,225
Total							1,184,282
Paper (0.2%)
Boise Cascade LLC
10-15-14		7.13		128,000			115,360
Georgia-Pacific LLC
05-01-16		8.25		1,000,000	(d)		1,060,000
NewPage
Sr Secured
12-31-14		11.38		1,000,000	(d)		1,010,000
Total							2,185,360

	Coupon		Principal
Issuer	Rate		Amount			Value(a)
Transportation Services (0.1%)
Erac USA Finance
10-15-17		6.38		1,305,000	(d)		1,361,818
Wireless (0.2%)
Cricket Communications
Sr Secured
05-15-16		7.75		1,000,000	(o)		997,500
Sprint Nextel
Sr Unsecured
08-15-17		8.38		1,000,000			1,020,000
Total							2,017,500
Wirelines (0.7%)
AT&T
Sr Unsecured
02-15-39		6.55		1,405,000			1,480,395
Cincinnati Bell
10-15-17		8.25		499,000			506,485
Level 3 Financing
02-15-17		8.75		1,000,000			912,500
Qtel Intl Finance
06-10-19		7.88		200,000	(c,d,o)		221,032
TELUS
Sr Unsecured
06-01-11		8.00		2,319,000	(c)		2,510,556
Verizon New York
Sr Unsecured Series A
04-01-12		6.88		2,035,000			2,214,111
Windstream
08-01-16		8.63		1,000,000			1,017,500
Total							8,862,579
Total Bonds (Cost: $262,955,184)						$	271,020,678

FDIC-Insured Debt (0.3%)(n)

	Coupon			Principal
Issuer	rate			amount			Value(a)
U.S. Agencies
Citibank
FDIC Govt Guaranty
05-07-12		1.88	%	$	4,000,000	(o)	$	4,021,284
Total FDIC-Insured Debt (Cost: $4,010,972)							$	4,021,284

Money Market Fund (1.0%)

	Shares			Value(a)
RiverSource Short-Term Cash Fund, 0.18%		11,834,863	(l)	$	11,834,863
Total Money Market Fund (Cost: $11,834,863)				$	11,834,863

Investments of Cash Collateral Received for Securities on Loan (17.2%)

	Shares		Value(a)
Cash Collateral Reinvestment Fund (1.9%)
JPMorgan Prime Money Market Fund		23,502,360	$	23,502,360

				Amount
	Effective			payable at
Issuer	yield			maturity		Value(a)
Asset-Backed Commercial Paper (3.0%)
Antalis US Funding
01-05-10		0.28	%	$	3,999,782	$	3,999,782
01-20-10		0.23			4,997,988		4,997,988
Cancara Asset Securitisation LLC
02-12-10		0.27			5,996,040		5,996,040
Ebbets Funding LLC
01-05-10		0.48			4,999,067		4,999,067
Giro Balanced Funding
01-04-10		0.45			5,999,475		5,999,475
Grampian Funding LLC
01-04-10		0.25			4,998,819		4,998,819
01-14-10		0.25			5,998,750		5,998,750
Total							36,989,921
Certificates of Deposit (10.5%)
Banco Bilbao Viz Argentaria, London
03-01-10		0.26			2,501,269		2,501,269
Banco Espirito Santo e Commerciale
01-05-10		0.38			3,000,000		3,000,000
01-07-10		0.47			999,909		999,909
Banco Santander Central Hispano
02-10-10		0.29			3,000,000		3,000,000
Banque Federative du Credit Mutuel
03-02-10		0.28			4,996,425		4,996,425
Barclays Bank
02-16-10		0.36			2,000,000		2,000,000
Bayrische Hypo-Und Vereinsbank
02-01-10		0.43			2,000,000		2,000,000
Caixa Geral de Deposit
03-04-10		0.30			10,000,000		10,000,000
Commerzbank
01-04-10		0.23			9,998,020		9,998,020
Credit Industrial et Commercial
01-13-10		0.39			5,000,000		5,000,000
Den Danske Bank
01-04-10		0.25			10,000,000		10,000,000
Dexia Bank
01-29-10		0.40			4,998,278		4,998,278
Hong Kong Shanghai Bank
01-04-10		0.29			10,000,000		10,000,000
Jyske Bank
03-10-10		0.44			4,994,506		4,994,506
Macquarie Bank
01-07-10		0.28			4,999,728		4,999,728
Mizuho Corporate Bank
02-19-10		0.29			5,000,000		5,000,000
Norinchukin Bank
02-17-10		0.31			3,750,000		3,750,000
NyKredit Bank
01-05-10		0.45			10,000,000		10,000,000
Raiffeisen Zentralbank Oesterreich
01-06-10		0.28			10,000,000		10,000,000
Skandinaviska Enskilda Banken
01-05-10		0.40			3,000,000		3,000,000
State of Hessen
01-04-10		0.20			9,999,999		9,999,999

			Amount
	Effective		payable at
Issuer	yield		maturity		Value(a)
Sumitomo Mitsui Banking
01-19-10		0.34		5,000,000		5,000,000
02-22-10		0.31		5,000,000		5,000,000
Total						130,238,134
Commercial Paper (1.0%)
BTM Capital
01-22-10		0.40		5,993,800		5,993,800
02-05-10		0.39		1,998,028		1,998,028
Ebbets Funding LLC
01-04-10		0.48		4,999,067		4,999,067
Total						12,990,895
Repurchase Agreements (0.8%)(t)
Barclays Capital dated 12-31-09, matures 01-04-10, repurchase price $10,000,236		0.21		10,000,000		10,000,000
Total Investments of Cash Collateral Received for Securities on Loan
(Cost:$213,721,310)					$	213,721,310
Total Investments in Securities
(Cost: $1,522,300,616)(u)					$	1,460,479,175

The industries identified above are based on the Global Industry Classification Standard (GICS), which was developed by and is the exclusive property of Morgan Stanley Capital International Inc. and Standard & Poor’s, a division of The McGraw-Hill Companies, Inc.

Investments in Derivatives

Futures Contracts Outstanding at Dec. 31, 2009

	Number of							Unrealized
	contracts			Notional			Expiration	appreciation
Contract description	long (short)			market value			date	(depreciation)
S&P 500 Index		16		$	4,442,800		March 2010	$	5,745
U.S. Long Bond, 20-year		30			3,461,250		March 2010		(21,608	)
U.S. Treasury Note, 2-year		(163	)		(35,251,298	)	April 2010		275,631
U.S. Treasury Note, 5-year		60			6,862,969		April 2010		(34,754	)
U.S. Treasury Note, 10-year		208			24,014,251		March 2010		(789,639	)
Total								$	(564,625	)

Credit Default Swap Contracts Outstanding at Dec. 31, 2009

Sell Protection

										Unamortized		Periodic
										premium		payments
		Expiration	Receive			Notional		Market		(paid)		receivable		Unrealized
Counterparty	Reference entity	date	fixed rate			amount		Value		received		(payable)		appreciation
JPMorgan Chase Bank	CDX North America High Yield Index	June 20, 2014		5.00	%		5,500,000	$	37,812	$	967,110	$	8,617	$	1,013,539
JPMorgan Chase Bank	CDX North America High Yield Index	June 20, 2014		4.46			10,000,000		68,750		1,407,279		15,666		1,491,695
Total														$	2,505,234

Forward Foreign Currency Contracts Open at Dec. 31, 2009

							Unrealized		Unrealized
Exchange date	Currency to be delivered			Currency to be received			appreciation		depreciation
Jan. 20, 2010		(5,903,000	)		(5,557,595	)	$	—	$	(61,270	)
	Canadian Dollar			U.S. Dollar
Jan. 20, 2010		(1,292,372,000	)		(14,590,162	)		703,056		—
	Japanese Yen			U.S. Dollar
Jan. 20, 2010		(8,756,000	)		(8,479,783	)		21,110		—
	Swiss Franc			U.S. Dollar
Jan. 20, 2010		14,088,013			15,464,000			—		(221,259	)
	U.S. Dollar			Australian Dollar
Jan. 20, 2010		386,594			438,000			6,166
	U.S. Dollar			Australian Dollar
Jan. 20, 2010		5,647,071			3,529,000			54,516		—
	U.S. Dollar			British Pound
Jan. 20, 2010		8,463,027			49,001,000			—		(11,288	)
	U.S. Dollar			Norwegian Krone
Jan. 21, 2010		430,478			600,000			—		(3,517	)
	U.S. Dollar			Singapore Dollar
Total							$	784,848	$	(297,334	)

Notes to Portfolio of Investments

ADR	—	American Depository Receipt
GDR	—	Global Depository Receipt
(a)		Securities are valued by using policies described in Note 2 to the financial statements in the most recent Annual Report dated Sept. 30, 2009.
(b)		Non-income producing.
(c)		Foreign security values are stated in U.S. dollars. For debt securities, principal amounts are denominated in U.S. dollar currency unless otherwise noted. At Dec. 31, 2009, the value of foreign securities, excluding short-term securities, represented 15.62% of net assets.
(d)		Represents a security sold under Rule 144A, which is exempt from registration under the Securities Act of 1933, as amended. This security may be determined to be liquid under guidelines established by the Fund’s Board of Directors. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At Dec. 31, 2009, the value of these securities amounted to $29,739,533 or 2.39% of net assets.
(e)		At Dec. 31, 2009, the cost of securities purchased, including interest purchased, on a when-issued and/or other forward-commitment basis was $5,935,354.
(f)		Mortgage-backed securities represent direct or indirect participations in, or are secured by and payable from, mortgage loans secured by real property, and include single- and multi-class pass-through securities and collateralized mortgage obligations. These securities may be issued or guaranteed by U.S. government agencies or instrumentalities, or by private issuers, generally originators and investors in mortgage loans, including savings associations, mortgage bankers, commercial banks, investment bankers and special purpose entities. The maturity dates shown represent the original maturity of the underlying obligation. Actual maturity may vary based upon prepayment activity on these obligations. Unless otherwise noted, the coupon rates presented are fixed rates.
(g)		Shareholders of tracking stocks have a financial interest only in a unit or division of the company. Unlike the common stock of the company itself, a tracking stock usually has limited or no voting rights. In the event of a company’s liquidation, tracking stock shareholders typically do not have a legal claim on the company’s assets.
(h)		Identifies issues considered to be illiquid as to their marketability. The aggregate value of such securities at Dec. 31, 2009 was $247,193, representing 0.02% of net assets. Information concerning such security holdings at Dec. 31, 2009 is as follows:

	Acquisition
Security	dates		Cost
BGP Holdings	02-04-09 thru 05-14-09		$	—
Fortis
Rights		10-20-08		—
Reliance Inds GDR		11-03-09		94,224
Samsung Electronics GDR		11-03-09		119,762
Unione di Banche Italiane
Warrants		05-02-08		781

(i)	Interest rate varies either based on a predetermined schedule or to reflect current market conditions; rate shown is the effective rate on Dec. 31, 2009.
(j)	Interest only represents securities that entitle holders to receive only interest payments on the underlying mortgages. The yield to maturity of an interest only security is extremely sensitive to the rate of principal payments on the underlying mortgage assets. A rapid (slow) rate of principal repayments may have an adverse (positive) effect on yield to maturity. The principal amount shown is the notional amount of the underlying mortgages. The interest rate disclosed represents yield based upon the estimated timing and amount of future cash flows at Dec. 31, 2009.
(k)	Inflation-indexed bonds are securities in which the principal amount is adjusted for inflation and the semiannual interest payments equal a fixed percentage of the inflation-adjusted principal amount.
(l)	Affiliated Money Market Fund – The Fund may invest its daily cash balance in RiverSource Short-Term Cash Fund, a money market fund established for the exclusive use of the RiverSource funds and other institutional clients of RiverSource Investments. The rate shown is the seven-day current annualized yield at Dec. 31, 2009.
(m)	The following abbreviation is used in the portfolio security description to identify the insurer of the issue:

AGM — Assured Guaranty Municipal Corporation
FGIC — Financial Guaranty Insurance Company

(n)	This debt is guaranteed under the FDIC’s Temporary Liquidity Guarantee Program (TLGP) and is backed by the full faith and credit of the United States.
(o)	At Dec. 31, 2009, security was partially or fully on loan.
(p)	Negligible market value.
(q)	Represents comparable securities held to satisfy future delivery requirements of the following open forward sale commitments at Dec. 31, 2009:

	Principal		Settlement		Proceeds
Security	amount		date		receivable		Value
Federal Natl Mtge Assn 01-01-25 5.00%	$	750,000		01-19-10	$	792,422	$	783,750

(r)	Pay-in-kind securities are securities in which the issuer makes interest or dividend payments in cash or in additional securities. The securities usually have the same terms as the original holdings.
(s)	At Dec. 31, 2009, investments in securities included securities valued at $1,378,374 that were partially pledged as collateral to cover initial margin deposits on open interest futures contracts.
(t)	The table below represents securities received as collateral subject to repurchase agreements. This collateral is deposited with the Fund’s custodian and, pursuant to the terms of the repurchase agreement, must have an aggregate market value greater than or equal to the repurchase price plus accrued interest at all times. On a daily basis, the market value of securities held as collateral for repurchase agreements is monitored to ensure the existence of the proper level of collateral.

Barclays Capital (0.21%)

Security description	Value(a)
BCRR Trust	$	1,668,932
Bear Stearns Adjustable Rate Mortgage Trust		540,751
Citigroup Commercial Mortgage Trust		793,636
Granite Master Issuer PLC		1,886,939
Greenwich Capital Commercial Funding Corp		684,718
JP Morgan Chase Commercial Mortgage Securities Corp		2,482,350
Morgan Stanley Capital I		927,938
Morgan Stanley Dean Witter Capital I		783,852
WaMu Mortgage Pass Through Certificates		730,884
Total market value for collateralized securities	$	10,500,000

(u) At Dec. 31, 2009, the cost of securities for federal income tax purposes was approximately $1,522,301,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was:

Unrealized appreciation	$	120,112,000
Unrealized depreciation		(181,934,000	)
Net unrealized depreciation	$	(61,822,000	)

Fair Value Measurements

Generally accepted accounting principles (GAAP) require disclosure regarding the inputs and valuation techniques used to measure fair value and any changes in valuation inputs or techniques. In addition, investments shall be disclosed by major category.

The Fund categorizes its fair value measurements according to a three-level hierarchy that maximizes the use of observable inputs and minimizes the use of unobservable inputs by prioritizing that the most observable input be used when available. Observable inputs are those that market participants would use in pricing an investment based on market data obtained from sources independent of the reporting entity. Unobservable inputs are those that reflect the Fund’s assumptions about the information market participants would use in pricing an investment. An investment’s level within the fair value hierarchy is based on the lowest level of any input that is deemed significant to the asset or liability’s fair value measurement. The input levels are not necessarily an indication of the risk or liquidity associated with investments at that level. For example, certain U.S. government securities are generally high quality and liquid, however, they are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market.

Fair value inputs are summarized in the three broad levels listed below:

• Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments.

• Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.).

• Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments).

Inputs that are used in determining fair value of an investment may include price information, credit data, volatility statistics, and other factors. These inputs can be either observable or unobservable. The availability of observable inputs can vary between investments, and is affected by various factors such as the type of investment, and the volume and level of activity for that investment or similar investments in the marketplace. The inputs will be considered by the Fund Administrator, along with any other relevant factors in the calculation of an investment’s fair value. The Fund uses prices and inputs that are current as of the measurement date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many investments. This condition could cause an investment to be reclassified between the various levels within the hierarchy.

Non-U.S. equity securities actively traded in foreign markets may be reflected in Level 2 despite the availability of closing prices, because the Fund evaluates and determines whether those closing prices reflect fair value at the close of the New York Stock Exchange (NYSE) or require adjustment, as described in Note 2 to the financial statements – Valuation of securities in the most recent Annual Report dated Sept. 30, 2009.

Investments falling into the Level 3 category are primarily supported by quoted prices from brokers and dealers participating in the market for those investments. However, these may be classified as Level 3 investments due to lack of market transparency and corroboration to support these quoted prices. Additionally, valuation models may be used as the pricing source for any remaining investments classified as Level 3. These models rely on one or more significant unobservable inputs and/or significant assumptions by the Fund Administrator. Inputs used in a valuation model may include, but are not limited to, financial statement analysis, discount rates and estimated cash flows, and comparable company data.

The following table is a summary of the inputs used to value the Fund’s investments as of Dec. 31, 2009:

	Fair value at Dec. 31, 2009
	Level 1			Level 2
	quoted prices			other		Level 3
	in active			significant		significant
	markets for			observable		unobservable
Description	identical assets			inputs		inputs		Total
Equity Securities
Common Stocks (a)
Real Estate	$	—		$	—	$	1	$	1
Water Utilities		—			66,504		—		66,504
All Other Industries (b)		911,061,171			—		—		911,061,171
Preferred Stocks & Other (a)
Oil, Gas & Consumable Fuels		—			797		—		797
All Other Industries (b)		57,593			—		—		57,593
Total Equity Securities		911,118,764			67,301		1		911,186,066
Bonds
Foreign Government Obligations & Agencies		—			48,533,950		—		48,533,950
U.S. Government Obligations & Agencies		17,630,605			83,526,529		—		101,157,134
Asset-Backed Securities		—			6,710,187		—		6,710,187
Commercial Mortgage-Backed Securities		—			8,789,505		—		8,789,505
Residential Mortgage-Backed Securities		—			47,230,133		—		47,230,133
Corporate Debt Securities		—			58,599,769		—		58,599,769
Total Bonds		17,630,605			253,390,073		—		271,020,678
Other
FDIC-Insured Debt Securities		—			4,021,284		—		4,021,284
Exchange Traded Funds		48,694,974			—		—		48,694,974
Affiliated Money Market Fund (c)		11,834,863			—		—		11,834,863
Investments of Cash Collateral Received for Securities on Loan (d)		23,502,360			190,218,950		—		213,721,310
Total Other		84,032,197			194,240,234		—		278,272,431
Investments in Securities		1,012,781,566			447,697,608		1		1,460,479,175
Other Financial Instruments (e)		(564,625	)		2,992,748		—		2,428,123
Total	$	1,012,216,941		$	450,690,356	$	1	$	1,462,907,298

(a)	Includes certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading. Therefore, these investment securities were classified as level 2 instead of level 1.
(b)	Industry classifications are identified in the Portfolio of Investments.
(c)	Money market fund that is a sweep investment for cash balances in the Fund at Dec. 31, 2009.
(d)	Level 1 investments are comprised of the Unaffiliated Money Market Fund; Level 2 investments are comprised of all other short-term investments.
(e)	Other Financial Instruments are derivative instruments, which are valued at the unrealized appreciation (depreciation) on the instrument. Derivative descriptions are located in the Investments in Derivatives section of the Portfolio of Investments.

The following table is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value.

				Asset-Backed
	Common Stocks			Securities			Total
Balance as of Sept. 30, 2009	$	2		$	72,000		$	72,002
Accrued discounts/premiums		—			—			—
Realized gain (loss)		—			—			—
Change in unrealized appreciation (depreciation)*		(1	)		—			(1	)
Net purchases (sales)		—			—			—
Transfers in and/or out of Level 3		—			(72,000	)		(72,000	)
Balance as of Dec. 31, 2009	$	1		$	—		$	1

* Change in unrealized appreciation (depreciation) relating to securities held at Dec. 31, 2009 was $(970).

Portfolio of Investments
RiverSource Strategic Income Allocation Fund
Dec. 31, 2009 (Unaudited)

(Percentages represent value of investments compared to net assets)

Investments in Securities

Bonds (83.4%)

	Coupon			Principal
Issuer	Rate			Amount			Value(a)
Foreign Agencies (3.1%)(c)
Banco Nacional de Desenvolvimento Economico e Social
06-10-19		6.50	%	$	700,000	(d)	$	746,981
Banco Nacional de Desenvolvimento Economico e Social
Sr Unsecured
06-16-18		6.37			500,000	(d)		535,625
Ecopetrol
Sr Unsecured
07-23-19		7.63			255,000	(q)		282,668
Empresa Nacional Del Petroleo
Sr Unsecured
07-08-19		6.25			600,000	(d)		622,328
Empresas Publicas de Medellin
Sr Unsecured
07-29-19		7.63			100,000	(d)		109,636
KfW
(Japanese Yen)
01-20-14		1.35			54,000,000			593,815
Korea Development Bank
Sr Nts
01-23-14		8.00			600,000			683,219
Pemex Project Funding Master Trust
03-01-18		5.75			2,050,000			2,072,808
06-15-35		6.63			870,000	(q)		828,371
06-15-38		6.63			450,000	(q)		418,740
Petrobras Intl Finance
03-15-19		7.88			300,000	(q)		345,844
01-20-20		5.75			300,000	(q)		305,186
Petroleos de Venezuela
04-12-17		5.25			1,460,000			803,000
Petroleos Mexicanos
05-03-19		8.00			1,000,000	(q)		1,157,500
TDIC Finance
07-02-14		6.50			600,000	(d)		609,765
Total								10,115,486
Foreign Local Government (2.3%)(c)
New South Wales Treasury
(Australian Dollar)
05-01-12		6.00			1,500,000			1,374,849
05-01-12		6.00			6,510,000			5,964,279

	Coupon		Principal
Issuer	Rate		Amount			Value(a)
Santa Fe de Bogota
(Colombian Peso) Sr Unsecured
07-26-28		9.75		200,000,000	(d)		108,717
Total							7,447,845
Sovereign (11.5%)(c)
Bundesrepublik Deutschland
(European Monetary Unit)
01-04-13		4.50		975,000			1,503,605
07-04-14		4.25		1,190,000			1,834,845
01-04-18		4.00		830,000			1,258,226
07-04-34		4.75		55,000			85,366
Federative Republic of Brazil
(Brazilian Real)
01-05-16		12.50		650,000			421,400
Federative Republic of Brazil
Sr Unsecured
01-17-17		6.00		550,000			594,000
01-15-19		5.88		1,350,000			1,437,750
Govt of the Cayman Islands
11-24-19		5.95		200,000	(d)		198,763
Govt of Ukraine
06-26-12		6.39		250,000	(d)		212,500
Morgan Stanley
(Brazilian Real) Sr Unsecured
05-03-17		10.09		1,050,000	(d)		558,705
Peru Enhanced Pass-Thru
Sr Secured Zero Coupon
05-31-18		4.42		1,345,078	(d,i)		1,018,897
Perusahaan Penerbit SBSN
04-23-14		8.80		700,000	(d)		810,020
Republic of Argentina
Sr Unsecured
09-12-13		7.00		1,740,000			1,581,660
12-15-35		0.01		1,750,000	(g)		112,525
Republic of Colombia
09-18-37		7.38		600,000	(q)		654,000
Republic of Colombia
(Colombian Peso)
10-22-15		12.00		585,000,000			352,288
06-28-27		9.85		300,000,000			170,566
Republic of Colombia
Sr Unsecured
03-18-19		7.38		1,600,000	(q)		1,812,000
Republic of El Salvador
12-01-19		7.38		300,000	(d)		308,250
04-10-32		8.25		850,000	(d)		884,000
06-15-35		7.65		490,000	(d)		482,650
Republic of Indonesia
Sr Unsecured
01-17-18		6.88		500,000	(d)		550,000
02-17-37		6.63		900,000	(d,q)		882,000
01-17-38		7.75		900,000	(d)		1,012,500
Republic of Iraq
01-15-28		5.80		250,000	(d)		191,250

	Coupon		Principal
Issuer	Rate		Amount			Value(a)
Republic of Panama
04-28-34		8.13		100,000			121,000
Republic of Peru
Sr Unsecured
05-03-16		8.38		100,000			120,750
03-30-19		7.13		1,150,000	(q)		1,322,500
07-21-25		7.35		200,000	(q)		229,000
03-14-37		6.55		100,000			104,000
Republic of Philippines
10-07-16		8.75		100,000	(d)		120,125
01-18-17		9.38		200,000			249,500
01-15-19		9.88		70,000			91,350
01-14-31		7.75		500,000	(q)		563,750
Republic of Philippines
Sr Unsecured
06-17-19		8.38		170,000	(q)		207,400
01-20-20		6.50		1,000,000	(q)		1,082,500
Republic of Turkey
03-15-15		7.25		200,000			224,000
04-03-18		6.75		600,000			648,750
06-05-20		7.00		850,000			926,500
02-14-34		8.00		80,000			92,400
03-17-36		6.88		880,000			895,400
Republic of Turkey
Sr Unsecured
07-14-17		7.50		300,000			340,500
11-07-19		7.50		1,300,000			1,467,375
Republic of Uruguay
05-17-17		9.25		300,000	(q)		369,750
11-18-22		8.00		200,000	(q)		229,000
Republic of Venezuela
02-26-16		5.75		2,550,000			1,657,500
12-09-20		6.00		250,000			137,500
04-21-25		7.65		150,000			88,500
Republic of Venezuela
Sr Unsecured
10-08-14		8.50		640,000			504,000
05-07-23		9.00		1,670,000			1,123,075
Republica Orient Uruguay
(Uruguay Peso)
04-05-27		4.25		9,149,442	(e)		430,424
06-26-37		3.70		4,355,297	(e)		183,617
Republica Orient Uruguay
Sr Unsecured
03-21-36		7.63		725,000	(q)		784,813
Russian Federation
03-31-30		7.50		2,711,900	(d)		3,057,666
State of Qatar
Sr Nts
01-20-20		5.25		500,000	(d)		502,500
Total							36,802,911

	Coupon		Principal
Issuer	Rate		Amount			Value(a)
Supranational (0.7%) (c)
Corp Andina de Fomento
Sr Unsecured
06-04-19		8.13		1,400,000	(q)		1,599,353
European Investment Bank
(Japanese Yen) Sr Unsecured
06-20-17		1.40		46,000,000			506,319
01-18-27		2.15		29,100,000			307,665
Total							2,413,337
Treasury (9.8%)(c)
Buoni Poliennali Del Tesoro
(European Monetary Unit) Sr Unsecured
08-01-17		5.25		800,000			1,278,045
Govt of Canada
(Canadian Dollar)
06-01-18		4.25		8,280,000			8,317,846
Govt of Indonesia
(Indonesian Rupiah) Series FR34
06-15-21		12.80		17,200,000,000			2,135,128
Govt of Indonesia
(Indonesian Rupiah) Series FR36
09-15-19		11.50		2,000,000,000			231,973
Govt of Indonesia
(Indonesian Rupiah) Series FR43
07-15-22		10.25		2,900,000,000			304,900
Govt of Norway
(Norwegian Krone)
05-16-11		6.00		3,837,000			694,033
05-15-13		6.50		17,655,000			3,368,354
Govt of Poland
(Polish Zloty) Series 1017
10-25-17		5.25		3,655,000			1,208,659
Govt of Sweden
(Swedish Krona)
05-05-14		6.75		24,000,000			3,948,544
Mexican Fixed Rate Bonds
(Mexican Peso) Series M-10
12-17-15		8.00		14,850,000			1,157,001
12-15-16		7.25		6,590,000			496,253
12-14-17		7.75		9,500,000			722,640
Nota do Tesouro Nacional
(Brazilian Real) Series F
01-01-13		10.00		372,000			2,109,985
United Kingdom Treasury
(British Pound)
09-07-14		5.00		891,000			1,577,857
03-07-19		4.50		2,330,000			3,887,261
Total							31,438,479
U.S. Government Obligations & Agencies (6.1%)
U.S. Treasury
07-15-12		1.50		120,000	(q)		120,187
11-30-14		2.13		4,600,000	(q)		4,491,118
12-31-14		2.63		2,810,000			2,802,097

	Coupon		Principal
Issuer	Rate		Amount			Value(a)
11-15-19		3.38		2,025,000	(q)		1,949,379
08-15-39		4.50		1,115,000	(q)		1,089,739
11-15-39		4.38		235,000	(q)		224,939
U.S. Treasury Inflation-Indexed Bond
01-15-12		3.38		365,226	(e)		390,633
04-15-14		1.25		561,792	(e,q)		580,638
07-15-14		2.00		2,293,620	(e,q)		2,429,888
01-15-15		1.63		1,613,257	(e)		1,677,831
01-15-17		2.38		1,677,570	(e)		1,811,958
01-15-29		2.50		2,013,700	(e)		2,159,915
Total							19,728,322
Asset-Backed (0.2%)
Santander Drive Auto Receivables Trust
Series 2007-1 Cl A4 (FGIC)
09-15-14		0.28		570,367	(h,s)		558,375
Commercial Mortgage-Backed (1.4%)(f)
Bear Stearns Commercial Mtge Securities
Series 2007-T28 Cl A1
09-11-42		5.42		807,921			827,515
CDC Commercial Mtge Trust
Series 2002-FX1 Cl A1
05-15-19		5.25		11,225			11,264
Citigroup/Deutsche Bank Commercial Mtge Trust
Series 2007-CD4 Cl A2B
12-11-49		5.21		1,000,000			1,002,460
Credit Suisse First Boston Mtge Securities
Series 2004-C2 Cl A1
05-15-36		3.82		929,356			917,514
Greenwich Capital Commercial Funding
Series 2007-GG11 Cl A1
12-10-49		5.36		870,355			891,844
JPMorgan Chase Commercial Mtge Securities
Series 2003-CB6 Cl A1
07-12-37		4.39		836,757			847,475
Merrill Lynch Mtge Trust
Series 2005-CKI1 Cl A1
11-12-37		5.08		149,784			150,469
TIAA Seasoned Commercial Mtge Trust
Series 2007-C4 Cl A3
08-15-39		6.07		50,000			51,948
Total							4,700,489
Residential Mortgage-Backed (2.4%)(f)
Banc of America Funding
Collateralized Mtge Obligation
Series 2007-8 Cl 1A1
10-25-37		6.00		834,608			460,440
Countrywide Alternative Loan Trust
Collateralized Mtge Obligation
Series 2006-45T1 Cl 2A5
02-25-37		6.00		222,205			146,447

	Coupon		Principal
Issuer	Rate		Amount			Value(a)
Countrywide Alternative Loan Trust
Collateralized Mtge Obligation
Series 2007-OH3 Cl A3
09-25-47		0.73		295,078	(h)		34,445
Countrywide Home Loans
Collateralized Mtge Obligation
Series 2006-HYB1 Cl 1A1
03-20-36		5.28		107,881	(h)		56,661
Federal Home Loan Mtge Corp #G02757
06-01-36		5.00		398,281			409,193
Federal Natl Mtge Assn #702038
05-01-33		5.00		813,898			838,612
Federal Natl Mtge Assn #735224
02-01-35		5.50		744,449			782,447
Federal Natl Mtge Assn #745392
12-01-20		4.50		527,508			548,503
Federal Natl Mtge Assn #766641
03-01-34		5.00		480,634			494,778
Federal Natl Mtge Assn #770439
04-01-34		6.00		48,573			51,806
Federal Natl Mtge Assn #848482
12-01-35		6.00		666,055			708,724
Federal Natl Mtge Assn #909214
07-01-38		7.00		451,715			495,398
Federal Natl Mtge Assn #915770
03-01-37		6.50		789,838			846,731
Federal Natl Mtge Assn #949320
10-01-37		7.00		798,914	(r)		876,578
Lehman XS Trust
Series 2006-16N Cl A1B
11-25-46		0.35		169,638	(h)		163,436
Wells Fargo Mtge Backed Securities Trust
Collateralized Mtge Obligation
Series 2005-14 Cl 2A1
12-25-35		5.50		833,741			745,938
Total							7,660,137
Aerospace & Defense (0.5%)
TransDigm
07-15-14		7.75		1,500,000			1,518,750
Airlines (0.2%)
Delta Air Lines
Sr Secured
03-15-15		12.25		630,000	(d,q)		630,000
Automotive (0.2%)
Allison Transmission
Pay-in-Kind
11-01-15		11.25		561,800	(d,j,q)		587,081
Delphi
10-06-14		12.00		214			214
Total							587,295

	Coupon		Principal
Issuer	Rate		Amount			Value(a)
Banking (0.6%)
Alfa MTN Markets for ABH Financial
06-25-12		8.20		150,000	(c,d)		150,188
Banco BMG
Sr Unsecured
01-15-16		9.15		100,000	(c,d)		103,000
Banco de Credito del Peru
10-15-22		7.17		1,000,000	(c,d)		343,263
Bank of America
Sr Unsecured
05-01-18		5.65		210,000			213,704
Citigroup
Sr Unsecured
05-15-18		6.13		120,000			120,649
Morgan Stanley
Sr Unsecured
04-01-18		6.63		250,000			270,292
TuranAlem Finance
01-22-37		8.25		150,000	(b,c,d,l)		52,500
Wells Fargo & Co
Sr Unsecured
12-11-17		5.63		750,000			780,116
Total							2,033,712
Brokerage (—%)
Lehman Brothers Holdings
Sr Unsecured
05-02-18		6.88		90,000	(b,l)		18,675
Building Materials (0.8%)
Associated Materials LLC/Finance
Sr Secured
11-15-16		9.88		747,000	(d)		791,820
Gibraltar Inds
Series B
12-01-15		8.00		1,515,000			1,461,975
Norcraft LP/Finance
Sr Secured
12-15-15		10.50		324,000	(d)		332,100
Total							2,585,895
Chemicals (2.5%)
Ashland
06-01-17		9.13		475,000	(d,q)		521,313
Chemtura
06-01-16		6.88		1,280,000	(b,l)		1,356,800
Dow Chemical
Sr Unsecured
05-15-19		8.55		950,000			1,133,488
INVISTA
Sr Unsecured
05-01-12		9.25		1,995,000	(d)		2,024,924

	Coupon		Principal
Issuer	Rate		Amount			Value(a)
MacDermid
Sr Sub Nts
04-15-17		9.50		1,640,000	(d)		1,639,999
Momentive Performance Materials
Pay-in-kind
12-01-14		10.13		441	(j)		415
Nalco
11-15-13		8.88		600,000	(q)		618,000
Nova Chemicals
Sr Unsecured
11-01-16		8.38		435,000	(c,d)		441,525
11-01-19		8.63		365,000	(c,d)		371,388
Total							8,107,852
Construction Machinery (0.8%)
Terex
Sr Sub Nts
11-15-17		8.00		750,000	(q)		721,875
Terex
Sr Unsecured
06-01-16		10.88		825,000	(q)		919,875
United Rentals North America
06-15-16		10.88		1,000,000	(q)		1,087,500
Total							2,729,250
Consumer Cyclical Services (0.7%)
Aquilex Holdings LLC/Finance
Sr Nts
12-15-16		11.13		553,000	(d)		550,235
West Corp
10-15-14		9.50		1,450,000			1,471,750
10-15-16		11.00		96,000			100,320
Total							2,122,305
Consumer Products (1.5%)
AAC Group Holding
Sr Disc Nts
10-01-12		10.25		970,000	(d)		972,425
American Achievement
04-01-12		8.25		1,000,000	(d)		1,000,000
Easton-Bell Sports
Sr Secured
12-01-16		9.75		505,000	(d)		518,888
Jarden
05-01-16		8.00		530,000			547,225
05-01-17		7.50		625,000			625,000
Visant
10-01-12		7.63		1,070,000			1,075,350
Total							4,738,888
Diversified Manufacturing (0.4%)
CPM Holdings
Sr Secured
09-01-14		10.63		385,000	(d)		406,175

	Coupon		Principal
Issuer	Rate		Amount			Value(a)
McJunkin Red Man
Sr Secured
12-15-16		9.50		772,000	(d)		756,560
Total							1,162,735
Electric (4.7%)
Aes Dominicana Energia Finance
12-13-15		11.00		200,000	(c,d)		196,000
CenterPoint Energy Houston Electric LLC
Series U
03-01-14		7.00		980,000			1,119,014
Centrais Eletricas Brasileiras
Sr Unsecured
07-30-19		6.88		500,000	(c,d)		542,598
Cleveland Electric Illuminating
1st Mtge
11-15-18		8.88		500,000			617,300
CMS Energy
Sr Unsecured
07-17-17		6.55		500,000			493,780
06-15-19		8.75		620,000	(q)		691,300
Consumers Energy
1st Mtge
09-15-18		5.65		405,000			423,545
Dynegy Holdings
Sr Unsecured
05-01-16		8.38		500,000	(q)		475,000
Edison Mission Energy
Sr Unsecured
06-15-16		7.75		115,000			97,750
05-15-17		7.00		880,000	(q)		695,200
Indiana Michigan Power
Sr Unsecured
03-15-19		7.00		950,000			1,060,140
03-15-37		6.05		200,000			198,896
Majapahit Holding
06-28-17		7.25		562,000	(c,d)		577,455
01-20-20		7.75		1,100,000	(c,d,q)		1,149,499
Midwest Generation LLC
Pass-Through Ctfs Series B
01-02-16		8.56		246,266			248,729
Natl Power
11-02-16		6.88		300,000	(c,d)		314,296
Nevada Power
08-01-18		6.50		720,000			772,048
NiSource Finance
01-15-19		6.80		280,000			299,445
NRG Energy
02-01-16		7.38		2,100,000			2,102,624
PacifiCorp
1st Mtge
09-15-13		5.45		255,000			277,663

	Coupon		Principal
Issuer	Rate		Amount			Value(a)
Power Sector Assets & Liabilities
05-27-19		7.25		410,000	(c,d)		439,725
Sierra Pacific Power
09-01-13		5.45		500,000			533,260
Sierra Pacific Power
Series M
05-15-16		6.00		415,000			439,815
Texas Competitive Electric Holdings LLC
11-01-15		10.25		1,000,000			810,000
Texas Competitive Electric Holdings LLC
Series B
11-01-15		10.25		725,000	(q)		587,250
Total							15,162,332
Entertainment (0.8%)
AMC Entertainment
02-01-16		11.00		237,000			247,665
AMC Entertainment
Sr Unsecured
06-01-19		8.75		528,000	(q)		538,560
Regal Cinemas
07-15-19		8.63		1,220,000			1,268,800
Speedway Motorsports
06-01-16		8.75		645,000			678,863
Total							2,733,888
Food and Beverage (1.2%)
Bertin Ltda
Sr Unsecured
10-05-16		10.25		220,000	(c,d)		224,400
Bumble Bee Foods LLC
Sr Secured
12-15-15		7.75		253,000	(d,q)		253,000
Cerveceria Nacional Dominicana
03-27-12		16.00		200,000	(c,d)		188,560
Del Monte
Sr Sub Nts
10-15-19		7.50		595,000	(d)		612,850
Kraft Foods
Sr Unsecured
01-26-39		6.88		275,000			288,923
Marfrig Overseas
11-16-16		9.63		120,000	(c,d,q)		120,600
MHP
Sr Secured
11-30-11		10.25		200,000	(c,d)		183,500
Pinnacle Foods Finance LLC
04-01-17		10.63		399,000			414,960
Pinnacle Foods Finance LLC
Sr Unsecured
04-01-15		9.25		453,000	(d)		458,663
US Foodservice
Sr Nts
06-30-15		10.25		1,200,000	(d)		1,200,000
Total							3,945,456

	Coupon		Principal
Issuer	Rate		Amount			Value(a)
Gaming (2.2%)
Boyd Gaming
Sr Sub Nts
02-01-16		7.13		1,300,000			1,131,000
Circus & Eldorado Jt Venture/Silver Legacy Capital
1st Mtge
03-01-12		10.13		325,000			287,625
Firekeepers Development Authority
Sr Secured
05-01-15		13.88		855,000	(d)		970,425
MGM MIRAGE
Sr Secured
11-15-17		11.13		525,000	(d)		582,750
MGM MIRAGE
Sr Unsecured
03-01-18		11.38		760,000	(d)		680,200
Pokagon Gaming Authority
Sr Nts
06-15-14		10.38		1,511,000	(d)		1,571,440
San Pasqual Casino
09-15-13		8.00		76,000	(d)		71,060
Seneca Gaming
Sr Unsecured
05-01-12		7.25		405,000			394,875
Seneca Gaming
Sr Unsecured Series B
05-01-12		7.25		615,000			599,625
Shingle Springs Tribal Gaming Authority
Sr Nts
06-15-15		9.38		800,000	(d)		608,000
Tunica-Biloxi Gaming Authority
Sr Unsecured
11-15-15		9.00		182,000	(d)		163,800
Total							7,060,800
Gas Pipelines (3.0%)
CenterPoint Energy Resources
Sr Unsecured
02-15-11		7.75		375,000			396,599
Colorado Interstate Gas
Sr Unsecured
11-15-15		6.80		2,909,000			3,211,726
El Paso
Sr Unsecured
12-12-13		12.00		320,000			374,400
06-15-14		6.88		805,000			804,405
Northwest Pipeline
Sr Unsecured
04-15-17		5.95		500,000			533,874
Southern Star Central
Sr Nts
03-01-16		6.75		300,000			289,500

	Coupon		Principal
Issuer	Rate		Amount			Value(a)
TransCapitalInvest for Transneft
Secured
03-05-14		5.67		830,000	(c,d)		836,252
08-07-18		8.70		400,000	(c,d,q)		458,365
Transcontinental Gas Pipe Line LLC
Sr Unsecured Series B
08-15-11		7.00		1,150,000			1,236,779
Williams Companies
Sr Unsecured
01-15-20		8.75		215,000			256,489
Williams Partners LP/Finance
Sr Unsecured
02-01-17		7.25		1,115,000			1,126,364
Total							9,524,753
Health Care (2.8%)
Apria Healthcare Group
Sr Secured
11-01-14		11.25		415,000	(d)		455,463
11-01-14		12.38		60,000	(d)		66,000
DaVita
03-15-15		7.25		1,500,000			1,503,750
HCA
Secured
11-15-16		9.25		1,200,000	(q)		1,288,500
Healthsouth
02-15-20		8.13		655,000			646,813
IASIS Healthcare LLC/Capital
06-15-14		8.75		1,035,000			1,047,938
Omnicare
12-15-13		6.75		705,000			690,900
12-15-15		6.88		500,000			486,250
Select Medical
02-01-15		7.63		1,690,000			1,639,299
Vanguard Health Holding II LLC
10-01-14		9.00		1,285,000	(q)		1,331,581
Total							9,156,494
Home Construction (0.4%)
K Hovnanian Enterprises
Sr Secured
10-15-16		10.63		1,135,000	(d)		1,186,075
Independent Energy (3.5%)
Anadarko Petroleum
Sr Unsecured
09-15-16		5.95		320,000			346,143
Berry Petroleum
Sr Unsecured
06-01-14		10.25		550,000			598,125
Chesapeake Energy
01-15-16		6.63		980,000			970,200

	Coupon		Principal
Issuer	Rate		Amount			Value(a)
Denbury Resources
03-01-16		9.75		715,000	(q)		763,263
Forest Oil
Sr Nts
02-15-14		8.50		1,120,000	(d,q)		1,170,400
Hilcorp Energy I LP/Finance
Sr Unsecured
11-01-15		7.75		800,000	(d)		784,000
PetroHawk Energy
07-15-13		9.13		800,000			836,000
06-01-15		7.88		625,000	(q)		631,250
Quicksilver Resources
08-01-15		8.25		995,000			1,019,875
Range Resources
05-01-18		7.25		1,250,000			1,274,999
05-15-19		8.00		250,000			267,500
SandRidge Energy
06-01-18		8.00		990,000	(d)		972,675
SandRidge Energy
Pay-in-kind
04-01-15		8.63		500,000	(j,q)		500,000
Southwestern Energy
Sr Nts
02-01-18		7.50		1,000,000			1,060,000
Total							11,194,430
Integrated Energy (0.1%)
TNK-BP Finance
03-13-18		7.88		425,000	(c,d)		436,688
Media Cable (1.3%)
Charter Communications Operating LLC/Capital
Secured
04-30-12		8.00		1,000,000	(d)		1,027,500
Comcast
03-15-11		5.50		750,000			783,467
07-01-39		6.55		60,000			62,902
CSC Holdings LLC
Sr Unsecured
04-15-14		8.50		695,000	(d,q)		740,175
06-15-15		8.50		500,000	(d)		532,500
DISH DBS
02-01-16		7.13		650,000			663,813
Mediacom LLC/Capital
Sr Nts
08-15-19		9.13		410,000	(d,q)		418,200
Total							4,228,557
Media Non Cable (2.3%)
Clear Channel Worldwide Holdings
Series B
12-15-17		9.25		1,030,000	(d)		1,060,900
Intelsat Jackson Holdings
06-15-16		11.25		465,000	(c)		503,363
11-01-19		8.50		280,000	(c,d)		287,700

	Coupon		Principal
Issuer	Rate		Amount			Value(a)
Intelsat Subsidiary Holding
01-15-15		8.88		500,000	(c,d)		516,250
Interpublic Group of Companies
Sr Unsecured
07-15-17		10.00		890,000			987,900
Lamar Media
04-01-14		9.75		715,000			789,181
Liberty Media LLC
Sr Unsecured
05-15-13		5.70		760,000			723,900
News America
01-09-38		6.75		450,000	(q)		466,793
Nielsen Finance LLC
08-01-14		10.00		1,000,000			1,042,500
Reed Elsevier Capital
08-01-11		6.75		300,000			321,304
RR Donnelley & Sons
Sr Unsecured
01-15-17		6.13		300,000			296,583
Sinclair Television Group
Sr Secured
11-01-17		9.25		490,000	(d)		509,600
Total							7,505,974
Metals (1.3%)
Arch Coal
08-01-16		8.75		1,233,000	(d)		1,302,356
Noranda Aluminum Acquisition
Pay-in-kind
05-15-15		5.27		2,215,369	(h,j)		1,719,681
POSCO
Sr Unsecured
03-26-14		8.75		400,000	(c,d)		474,999
Vedanta Resources
Sr Unsecured
07-18-18		9.50		600,000	(c,d,q)		606,117
Total							4,103,153
Non Captive Diversified (1.5%)
CIT Group
Sr Secured
05-01-17		7.00		1,730,000			1,500,775
Ford Motor Credit LLC
Sr Unsecured
08-10-11		9.88		1,000,000			1,047,500
08-01-12		7.50		710,000	(q)		717,100
General Electric Capital
Sr Unsecured
01-10-39		6.88		385,000			397,584
GMAC
12-01-14		6.75		1,140,000	(d)		1,083,000
Total							4,745,959

	Coupon		Principal
Issuer	Rate		Amount			Value(a)
Oil Field Services (1.5%)
Expro Finance Luxembourg
Sr Secured
12-15-16		8.50		1,565,000	(c,d)		1,532,176
Gaz Capital for Gazprom
Sr Unsecured
11-22-16		6.21		400,000	(c,d)		384,000
Gaz Capital
Sr Unsecured
07-31-14		8.13		380,000	(c,d,q)		401,907
04-11-18		8.15		450,000	(c,d)		474,188
03-07-22		6.51		300,000	(c,d,q)		275,250
08-16-37		7.29		300,000	(c,d)		279,000
Gazstream
07-22-13		5.63		37,021	(c,d,q)		37,576
KazMunaiGaz Finance
01-23-15		11.75		400,000	(c,d,q)		478,661
07-02-18		9.13		850,000	(c,d)		930,946
Total							4,793,704
Other Financial Institutions (0.7%)
Cardtronics
08-15-13		9.25		1,169,000			1,202,608
Lukoil Intl Finance
11-05-19		7.25		1,100,000	(c,d,q)		1,098,470
Total							2,301,078
Other Industry (0.1%)
Chart Inds
10-15-15		9.13		170,000			169,575
Packaging (1.9%)
Ball
09-01-16		7.13		145,000			148,625
09-01-19		7.38		650,000	(q)		667,875
Crown Americas LLC/Capital II
Sr Unsecured
05-15-17		7.63		1,250,000	(d)		1,296,875
Owens-Brockway Glass Container
05-15-16		7.38		1,550,000			1,600,375
Reynolds Group Issuer LLC
Sr Secured
10-15-16		7.75		1,330,000	(d)		1,363,250
Silgan Holdings
Sr Unsecured
08-15-16		7.25		1,035,000			1,063,463
Total							6,140,463
Paper (1.3%)
Boise Cascade LLC
10-15-14		7.13		220,000			198,275
Cascades
Sr Nts
12-15-17		7.75		1,300,000	(c,d)		1,321,125

	Coupon		Principal
Issuer	Rate		Amount			Value(a)
Georgia-Pacific LLC
06-15-15		7.70		950,000			997,500
05-01-16		8.25		485,000	(d)		514,100
NewPage
Sr Secured
12-31-14		11.38		989,000	(d)		998,890
Potlatch
Sr Nts
11-01-19		7.50		255,000	(d,q)		260,100
Total							4,289,990
Pharmaceuticals (0.2%)
Valeant Pharmaceuticals Intl
06-15-16		8.38		705,000	(d)		726,150
Railroads (—%)
CSX
Sr Unsecured
03-15-13		5.75		100,000			108,181
Retailers (0.6%)
QVC
Sr Secured
10-01-19		7.50		560,000	(d)		570,500
Toys R Us Property I LLC
07-15-17		10.75		561,000	(d,q)		614,295
Toys R Us Property II LLC
Sr Secured
12-01-17		8.50		707,000	(d)		722,908
Total							1,907,703
Technology (0.6%)
Iron Mountain
Sr Sub Nts
08-15-21		8.38		1,010,000			1,045,350
SS&C Technologies
12-01-13		11.75		785,000			832,100
Total							1,877,450
Transportation Services (0.2%)
Erac USA Finance
10-15-17		6.38		595,000	(d)		620,906
Wireless (1.7%)
CC Holdings GS V LLC/Crown Castle GS III
Sr Secured
05-01-17		7.75		955,000	(d)		1,017,074
Cricket Communications
07-15-15		10.00		186,000	(q)		188,558
Cricket Communications
Sr Secured
05-15-16		7.75		375,000	(q)		374,063

	Coupon		Principal
Issuer	Rate		Amount			Value(a)
Crown Castle Intl
Sr Nts
11-01-19		7.13		535,000			530,988
SBA Telecommunications
08-15-16		8.00		780,000	(d)		815,100
08-15-19		8.25		280,000	(d)		296,800
Sprint Capital
03-15-12		8.38		700,000			724,500
Sprint Nextel
Sr Unsecured
08-15-17		8.38		527,000			537,540
US Cellular
Sr Unsecured
12-15-33		6.70		155,000			152,435
Wind Acquisition Finance
07-15-17		11.75		750,000	(c,d)		819,374
Total							5,456,432
Wirelines (3.8%)
AT&T
Sr Unsecured
03-15-11		6.25		5,000			5,295
02-15-39		6.55		930,000			979,906
Cincinnati Bell
01-15-14		8.38		1,000,000	(q)		1,017,500
Level 3 Financing
02-15-17		8.75		1,030,000			939,875
Qtel Intl Finance
06-10-19		7.88		600,000	(c,d)		663,095
Qwest
Sr Unsecured
06-15-15		7.63		1,425,000			1,474,875
Telecom Italia Capital
11-15-13		5.25		360,000	(c)		378,645
TELUS
Sr Unsecured
06-01-11		8.00		1,385,000	(c)		1,499,404
Time Warner Telecom Holdings
02-15-14		9.25		600,000			618,750
Verizon New York
Sr Unsecured Series A
04-01-12		6.88		1,603,000			1,744,087
Verizon New York
Sr Unsecured Series B
04-01-32		7.38		1,190,000			1,281,872
Windstream
03-15-19		7.00		1,600,000			1,496,000
Total							12,099,304
Total Bonds (Cost: $248,796,292)						$	268,576,233

Senior Loans (12.0%)(n)

	Coupon			Principal
Borrower	Rate			Amount			Value(a)
Aerospace & Defense (0.3%)
Spirit AeroSystems Holdings
Tranche B1 Term Loan
09-30-13		2.03	%	$	199,665		$	191,928
TransDigm
Term Loan
06-23-13		2.25			500,000			479,584
Wesco Aircraft Hardware
1st Lien Term Loan
09-30-13		2.49			124,679			118,445
Wesco Aircraft Hardware
2nd Lien Term Loan
03-28-14		5.99			125,000			110,313
Total								900,270
Automotive (0.3%)
Cooper-Standard Automotive
Debtor In Possession
Tranche A Term Loan
TBD		TBD			96,435	(k,m,o)		96,676
Cooper-Standard Automotive
Debtor In Possession
Tranche B Term Loan
TBD		TBD			64,283	(k,m,o)		64,443
Cooper-Standard Automotive
Debtor In Possession
Tranche C Term Loan
TBD		TBD			64,283	(k,m,o)		64,443
Delphi Holdings
Tranche A2 Term Loan
10-06-14		0.00			183	(p)		158
Delphi Holdings
Tranche B1A Term Loan
10-06-14		0.00			1,851	(p)		1,564
Exide Technologies
Term Loan
05-15-12		3.31			48,875			45,821
Goodyear Engineered Product
Delayed Draw Term Loan
07-31-14		2.74			6,125			5,030
Goodyear Engineered Product
Term Loan
07-31-14		2.74			42,766			35,121
Goodyear Tire & Rubber
2nd Lien Term Loan
04-30-14		2.34			263,297			244,648
Oshkosh Truck
Tranche B Term Loan
12-06-13		6.26 – 6.29			261,812			261,307
Total								819,211

	Coupon		Principal
Borrower	Rate		Amount			Value(a)
Brokerage (—%)
Nuveen Investments
1st Lien Term Loan
11-13-14		3.28		112,700			98,506
Chemicals (0.7%)
Ashland
Tranche B Term Loan
05-13-14		7.65		64,750			65,546
Brenntag Holding
Acquisition Term Loan
01-20-14		1.98 – 2.74		9,595	(c)		9,019
Brenntag Holding
Tranche B2 Term Loan
01-20-14		1.98		39,297	(c)		37,961
Celanese US Holdings LLC
Credit Linked Deposit
04-02-14		0.24 – 1.75		525,455			462,401
Hexion Specialty Chemicals
Tranche C5 Term Loan
05-05-13		2.56		97,750			83,222
Huntsman Intl LLC
Tranche B Term Loan
04-21-14		1.98		185,908			174,917
Huntsman Intl LLC
Tranche C Term Loan
06-30-16		2.48		150,000			142,875
Kraton Polymers LLC
Term Loan
05-12-13		2.31		65,590			62,680
Lyondell Chemical
Debtor In Possession
Term Loan
04-06-10		1.50 – 13.00		44,543	(k)		46,162
TBA		TBA		8,913	(k,m,o,p)		9,271
Lyondell Chemical
Tranche B2 Term Loan
12-22-14		7.00		72,395			53,287
Millenium Chemicals
1st Lien Term Loan
05-15-14		2.50		156,189			138,617
Millenium Chemicals
2nd Lien Term Loan
11-15-14		6.00		125,000			98,750
Nalco
Term Loan
05-13-16		6.50		174,125			175,462
PQ
1st Lien Term Loan
07-30-14		3.49 – 3.54		73,875			66,329
Univar
Tranche B Term Loan
10-10-14		3.23		557,245			514,060
Total							2,140,559

	Coupon		Principal
Borrower	Rate		Amount			Value(a)
Construction Machinery (0.3%)
Flowserve
Term Loan
08-10-12		1.81		615,931			596,942
Manitowoc
Tranche B Term Loan
11-06-14		7.50		94,250			91,564
Xerium Technologies
Tranche B Term Loan
05-18-12		5.78		258,068	(c)		216,777
Total							905,283
Consumer Products (0.3%)
Amscan Holdings
Term Loan
05-27-13		2.50		161,278			145,957
Central Garden & Pet
Tranche B Term Loan
09-30-12		1.74		177,576			166,921
Fender Musical Instruments
Delayed Draw Term Loan
06-09-14		2.54		16,458			13,907
Fender Musical Instruments
Term Loan
06-09-14		2.51		32,583			27,533
Jarden
Tranche B1 Term Loan
01-24-12		2.00		121,250			117,158
Jarden
Tranche B4 Term Loan
01-26-15		3.50		302,025			298,519
Prestige Brands
Tranche B Term Loan
04-06-11		2.48		175,506			171,996
Total							941,991
Diversified Manufacturing (0.2%)
Contech Construction Products
Term Loan
01-31-13		2.24		363,269			321,492
Fidelity Natl Information Services
Tranche C Term Loan
01-18-12		4.48		11,157			11,171
Mueller Water Products
Tranche B Term Loan
05-24-14		5.25 – 5.28		11,150			10,951
New Customer Service
Term Loan
05-22-14		2.73		47,218			44,188
Rexnord LLC/RBS Global
Tranche B2 Term Loan
07-19-13		2.50		159,148			145,620

	Coupon		Principal
Borrower	Rate		Amount		Value(a)
Sensus Metering Systems
Tranche B3 Term Loan
06-03-13		7.00		223,875		223,875
Total						757,297
Electric (0.7%)
AES
Term Loan
08-10-11		3.25 – 3.33		225,000		220,725
Bicent Power LLC
Tranche B 1st Lien Term Loan
06-30-14		2.26		10,293		9,444
Boston Generating LLC
1st Lien Revolving Credit Term Loan
12-20-13		0.13 – 2.38		9,769		7,536
Boston Generating LLC
1st Lien Synthetic Letter of Credit
12-20-13		0.13 – 2.38		34,891		26,916
Boston Generating LLC
Tranche B 1st Lien Term Loan
12-20-13		2.50		153,369		118,313
Covanta Energy
Letter of Credit
02-10-14		0.15 – 1.50		164,948		154,845
Covanta Energy
Term Loan
02-10-14		1.75		326,675		306,666
Dynegy Holdings
Letter of Credit
04-02-13		3.99		184,888		177,215
FirstLight Power Resources
Synthetic Letter of Credit
11-01-13		0.16 – 2.65		5,707		5,236
FirstLight Power Resources
Tranche B 1st Lien Term Loan
11-01-13		2.75		38,147		35,000
NRG Energy
Credit Linked Deposit
02-01-13		0.15		160,950		153,260
NRG Energy
Term Loan
02-01-13		1.98 – 2.00		273,873		260,787
RRI Energy
Letter of Credit
06-30-14		0.24 – 1.77		50,000		46,542
Texas Competitive Electric Holdings LLC
Tranche B2 Term Loan
10-10-14		3.73 – 3.75		492,143		398,484
TPF Generation Holdings LLC
1st Lien Synthetic Letter of Credit
12-15-13		0.15 – 2.10		61,739		58,461
TPF Generation Holdings LLC
1st Lien Term Loan
12-15-13		2.23		159,772		151,098

	Coupon		Principal
Borrower	Rate		Amount		Value(a)
TPF Generation Holdings LLC
Synthetic Revolver Term Loan
12-15-11		0.15 – 2.10		19,354		18,096
USPF Holdings LLC
Term Loan
04-11-14		1.98		167,099		162,921
Total						2,311,545
Entertainment (0.4%)
24 Hour Fitness Worldwide
Tranche B Term Loan
06-08-12		2.76 – 2.79		98,219		90,852
AMC Entertainment
Term Loan
01-28-13		1.73		102,370		97,123
Hit Entertainment
2nd Lien Term Loan
02-26-13		5.78		200,000		108,666
Hit Entertainment
Term Loan
03-20-12		2.53		354,652		303,820
Regal Cinemas
Term Loan
10-27-13		4.00		525,341		522,320
Universal City Development Partners
Term Loan
11-06-14		6.50		75,000		75,094
Total						1,197,875
Food and Beverage (0.4%)
Bolthouse Farms
1st Lien Term Loan
12-16-12		5.50		103,697		100,379
Constellation Brands
Tranche B Term Loan
06-05-13		1.75		617,467		598,560
Dean Foods
Tranche B Term Loan
04-02-14		1.62 – 1.64		448,670		425,865
Michael Foods
Tranche B Term Loan
05-01-14		6.50 – 6.75		98,500		99,157
Wm Wrigley Jr
Tranche B1 Term Loan
12-17-12		3.06		50,000		49,994
Wm Wrigley Jr
Tranche B2 Term Loan
10-06-14		3.31		50,000		50,114
Total						1,324,069

	Coupon		Principal
Borrower	Rate		Amount			Value(a)
Gaming (0.5%)
Ameristar Casinos
Term Loan
11-10-12		3.53		312,647			309,677
Cannery Casino Resorts LLC
1st Lien Delayed Draw Term Loan
05-18-13		2.48		300,192			257,202
Cannery Casino Resorts LLC
1st Lien Term Loan
05-17-13		2.48		363,085			311,087
Cannery Casino Resorts LLC
2nd Lien Term Loan
05-18-14		4.48		25,000			18,213
Fontainebleau Las Vegas LLC
Delayed Draw Term Loan
06-06-14		4.26		63,375			21,865
Fontainebleau Las Vegas LLC
Term Loan
06-06-14		4.26		126,751			43,729
Golden Nugget
2nd Lien Term Loan
12-31-14		3.51		50,000			20,000
Greektown Holdings LLC
Tranche B Term Loan
12-03-12		0.00		74,775	(b,l)		76,458
Green Valley Ranch Gaming LLC
2nd Lien Term Loan
08-16-14		3.50		300,000			60,000
Seminole Tribe of Florida
Tranche B1 Delayed Draw Term Loan
03-05-14		1.75		30,729			28,987
Seminole Tribe of Florida
Tranche B2 Delayed Draw Term Loan
03-05-14		1.75		110,428			104,170
Seminole Tribe of Florida
Tranche B3 Delayed Draw Term Loan
03-05-14		1.75		84,041			79,278
Venetian Casino Resort
Delayed Draw Term Loan
05-23-14		2.01		19,750			17,243
Venetian Casino Resort
Tranche B Term Loan
05-23-14		2.01		78,200			68,274
Wembly
Term Loan
07-18-11		1.50		262,900			161,683
Total							1,577,866
Gas Pipelines (0.1%)
Calumet Lubricants LP
Credit Linked Deposit
01-03-15		0.13 – 4.00		14,368			12,590
Calumet Lubricants LP
Term Loan
01-03-15		4.27		106,953			93,718

	Coupon		Principal
Borrower	Rate		Amount			Value(a)
Coffeyville Resources LLC
Tranche D Term Loan
12-30-13		8.50		53,847			53,898
Targa Resources
Tranche B Term Loan
TBD		TBD		100,000	(m,o)		100,312
Total							260,518
Health Care (1.6%)
AGA Medical
Tranche B Term Loan
04-28-13		2.26 – 2.29		100,000			86,750
Alliance HealthCare Services
Term Loan
06-01-16		5.50		125,000			123,385
AMN Healthcare
Tranche B Term Loan
12-23-13		6.25		75,000			73,125
Biomet
Term Loan
03-25-15		3.23 – 3.25		247,481			236,894
Capella Healthcare
1st Lien Term Loan
02-28-15		5.75		123,125			120,047
Carestream Health
1st Lien Term Loan
04-30-13		2.24		527,918			496,739
Community Health Systems
Delayed Draw Term Loan
07-25-14		2.51		16,682			15,645
Community Health Systems
Term Loan
07-25-14		2.51		326,999			309,167
DaVita
Tranche B1 Term Loan
10-05-12		1.74 – 1.79		280,893			272,554
Emdeon Business Services LLC
1st Lien Term Loan
11-18-13		2.26		168,317			160,743
HCA
Tranche B1 Term Loan
11-18-13		2.50		382,580			365,604
Health Management Associates
Tranche B Term Loan
02-28-14		2.00		484,999			453,406
IASIS Healthcare LLC
Delayed Draw Term Loan
03-14-14		2.23		470,986			439,901
IASIS Healthcare LLC
Synthetic Letter of Credit
03-14-14		1.00		127,186			118,792
Inverness Medical
1st Lien Term Loan
06-26-14		2.23 – 2.25		48,750			46,353

	Coupon		Principal
Borrower	Rate		Amount			Value(a)
Inverness Medical
2nd Lien Term Loan
06-26-15		4.48		500,000			482,750
Natl Mentor Holdings
Letter of Credit
06-29-13		2.15		7,161			6,373
Natl Mentor Holdings
Tranche B Term Loan
06-29-13		2.26		116,040			103,276
Royalty Pharma Finance Trust
Tranche B Term Loan
04-16-13		2.50		513,056			499,269
Select Medical
Tranche B Term Loan
02-24-12		2.27		52,723			50,140
Vanguard Health Systems
Term Loan
09-23-11		2.48		738,007			723,246
Total							5,184,159
Independent Energy (0.1%)
Riverside Energy Center
Term Loan
06-24-11		4.53		141,049			138,934
Rocky Mountain Energy Center LLC
Credit Linked Deposit
06-24-11		0.18 – 4.35		12,737			12,546
Rocky Mountain Energy Center LLC
Term Loan
06-24-11		4.53		63,246			62,297
Total							213,777
Media Cable (0.7%)
Cequel Communications LLC
Term Loan
11-05-13		2.26 – 4.25		213,090			201,613
CSC Holdings
Tranche B2 Term Loan
03-29-16		2.00 – 2.05		365,727			357,224
Discovery Communications Holding LLC
Tranche C Term Loan
05-14-14		5.25		273,625			275,609
Mediacom Communications
Tranche D2 Term Loan
01-31-15		1.97		357,712			334,640
NTL Telewest
Tranche B10 Term Loan
09-03-12		3.78		838,564	(c)		827,385
Telesat
Term Loan I
10-31-14		3.24		90,283	(c)		86,408
Telesat
Term Loan II
10-31-14		3.24		7,755	(c)		7,422

	Coupon		Principal
Borrower	Rate		Amount			Value(a)
UPC Broadband Holding
Tranche T Term Loan
12-30-16		3.74		250,000			242,293
Total							2,332,594
Media Non Cable (1.8%)
CanWest Mediaworks
Tranche D Term Loan
07-10-14		4.25		49,125	(c)		37,925
Cengage Learning Acquisitions
Term Loan
07-03-14		2.75		551,545			499,975
Citadel Broadcasting
Tranche B Term Loan
06-12-14		1.99 – 2.04		50,000			37,036
Cumulus Media
Term Loan
06-11-14		4.23		106,287			88,617
CW Media Holdings
Tranche B Term Loan
02-16-15		3.50 – 5.50		196,000	(c)		180,320
Deluxe Communications
Tranche A Credit Linked Deposit
05-11-13		0.15 – 6.10		13,924			12,810
Deluxe Communications
Tranche B Term Loan
05-11-13		6.25		234,797			216,014
Deluxe Communications
Tranche C Term Loan
05-11-13		6.25		24,181			22,247
GateHouse Media
Term Loan
08-28-14		2.49		700,000			257,831
Gray Television
Tranche B Term Loan
12-31-14		3.79		118,217			103,046
Intelsat Jackson Holdings
Term Loan
02-01-14		2.73 – 3.23		625,000			551,148
Intelsat
Tranche B2A Term Loan
01-03-14		2.73		162,512			153,459
Intelsat
Tranche B2B Term Loan
01-03-14		2.73		162,463			153,412
Intelsat
Tranche B2C Term Loan
01-03-14		2.73		162,463			153,412
Lodgenet Entertainment
Term Loan
04-04-14		2.26		251,691			225,893

	Coupon		Principal
Borrower	Rate		Amount			Value(a)
MediaNews Group
Tranche C Term Loan
08-02-13		4.73		163,676			55,650
Newsday LLC
Term Loan
08-01-13		6.53		25,000			25,031
Penton Media
1st Lien Term Loan
02-01-13		2.51 – 2.53		487,469			334,525
Penton Media
2nd Lien Term Loan
02-01-14		5.28		75,000			12,525
Quebecor Media
Tranche B Term Loan
01-17-13		2.28		243,056			230,903
Reader’s Digest
Debtor In Possession
Term Loan
05-26-10		13.50		452,000	(k)		469,704
Revolution Studios
Tranche B Term Loan
12-21-14		3.99		272,282			245,053
Sinclair Television Group
Tranche B Term Loan
10-29-15		6.50		150,000			150,188
Spanish Broadcasting System
1st Lien Term Loan
06-10-12		2.01		369,984			301,537
Tribune Company
Tranche B Term Loan
06-04-14		2.00		98,750	(b,l)		56,130
Tribune Company
Tranche X Term Loan
06-04-09		1.75		17,067	(b,l)		9,552
Univision Communications
Term Loan
09-29-14		2.50		800,000			691,799
World Color Press and World Color
Term Loan
07-23-12		9.00		199,639			200,138
Zuffa LLC
Incremental Term Loan
06-19-15		7.50		149,625			148,129
Zuffa LLC
Term Loan
06-19-15		2.31		24,438			21,912
Total							5,645,921
Metals (0.2%)
Aleris Intl
Term Loan
TBA		TBA		65,237	(m,o,p)		66,270
02-15-10		13.00		43,492	(p)		44,180

	Coupon		Principal
Borrower	Rate		Amount			Value(a)
Aleris Intl
Pay-in-Kind
Debtor In Possession
Term Loan
02-13-10		12.50		124,235	(j,k)		57,977
Aleris Intl
Tranche B1 Term Loan
12-19-13		1.00		59,257	(b,l)		2,370
Aleris Intl
Tranche C1 Term Loan
12-19-13		4.25		82,398			61,387
Noranda Aluminum Acquisition
Tranche B Term Loan
05-18-14		2.23		18,448			15,256
Novelis
Term Loan
07-06-14		2.24		91,597	(c)		84,671
07-06-14		2.24 – 2.26		201,522			186,283
Total							518,394
Oil Field Services (0.4%)
Dresser
2nd Lien Term Loan
05-04-15		5.99 – 6.02		1,500,000			1,386,570
Other Industry (—%)
ATI Schools
Tranche B Term Loan
TBA		TBA		75,000	(m,o)		72,750
Other Utility (—%)
BRSP LLC
Term Loan
06-04-14		7.50		97,676			94,257
Packaging (0.3%)
BWay
Tranche B Term Loan
07-17-13		2.06		156,429			146,652
Graham Packaging LP
Tranche B Term Loan
10-07-11		2.50		35,346			34,860
Graham Packaging LP
Tranche C Term Loan
04-05-14		6.75		353,739			355,451
Graphic Packaging Intl
Incremental Term Loan
05-16-14		2.98 – 3.04		402,694			391,334
Reynolds Group Holdings
Term Loan
11-05-15		6.25		75,000			75,266
Total							1,003,563

	Coupon		Principal
Borrower	Rate		Amount			Value(a)
Paper (0.3%)
Georgia-Pacific LLC
Tranche B Term Loan
12-21-12		2.25 – 2.26		228,470			220,759
Georgia-Pacific LLC
Tranche C Term Loan
12-23-14		3.48 – 3.51		141,610			140,637
Smurfit-Stone Container Enterprises
Letter of Credit
11-01-10		2.75		53,021			52,160
Smurfit-Stone Container Enterprises
Term Loan
11-01-09		2.75		264,159			259,866
11-02-09		2.75		87,614			86,190
Smurfit-Stone Container Enterprises
Tranche B Term Loan
11-01-11		2.50		60,147			59,169
Smurfit-Stone Container Enterprises
Tranche C Term Loan
11-01-11		2.50		113,730			111,882
Smurfit-Stone Container Enterprises
Tranche C1 Term Loan
11-01-11		2.50		34,386			33,827
Total							964,490
Pharmaceuticals (0.2%)
Catalent Pharma Solutions
Term Loan
04-10-14		2.48		667,591			573,294
Warner Chilcott LLC
Tranche B2 Term Loan
04-30-15		5.75		37,288	(c)		37,300
Warner Chilcott
Delayed Draw Term Loan
TBD		TBD		11,864	(c,m,o)		11,838
Warner Chilcott
Tranche A Term Loan
10-30-14		5.50		33,898	(c)		33,909
Warner Chilcott
Tranche B1 Term Loan
04-30-15		5.75		16,949	(c)		16,954
Total							673,295
Refining (0.1%)
Western Refining
Term Loan
05-30-14		10.75		126,717			120,434
Wynnewood Refining
Term Loan
09-30-14		9.75		75,000			67,500
Total							187,934

	Coupon		Principal
Borrower	Rate		Amount			Value(a)
Restaurants (0.2%)
Arby’s Restaurant Group
Term Loan
07-25-12		7.25		238,057			238,206
Buffets
2nd Lien Letter of Credit
05-01-13		0.15		270,740			202,378
Buffets
Pay-in-Kind
2nd Lien Term Loan
05-01-13		16.50		122,787	(j)		91,783
Dennys
Credit Linked Deposit
03-31-12		0.50		100,000			95,250
Total							627,617
Retailers (0.6%)
David’s Bridal
Term Loan
01-31-14		2.23 – 2.25		522,535			476,812
General Nutrition Centers
Term Loan
09-16-13		2.49 – 2.54		193,907			179,486
Gregg Appliances
Term Loan
07-25-13		2.24		22,199			20,867
Lone Star Steakhouse & Saloon
Term Loan
07-06-14		9.25		23,926			20,816
Pep Boys-Manny Moe & Jack
Term Loan
10-27-13		2.26		238,411			217,550
Pilot Travel Centers LLC
Tranche B Term Loan
TBD		TBD		100,000	(m,o)		100,468
Rent-A-Center
Tranche B Term Loan
06-30-12		1.99 – 2.01		2,945			2,850
03-31-15		3.26		55,347			53,410
Rite Aid
Tranche 4 Term Loan
06-10-15		9.50		350,000			361,158
Sally Holdings LLC
Tranche B Term Loan
11-16-13		2.48		138,738			132,119
Sports Authority
Term Loan
05-03-13		2.50		448,384			372,158
Total							1,937,694
Supermarkets (—%)
Supervalu
Tranche B Term Loan
06-02-12		1.53		152,147			146,413

	Coupon		Principal
Borrower	Rate		Amount		Value(a)
Technology (0.4%)
Asurion
1st Lien Term Loan
07-03-14		3.23 – 3.27		100,000		95,389
Brocade Communications Systems
Term Loan
10-07-13		7.00		84,907		85,491
Freescale Semiconductor
Term Loan
11-29-13		1.99		289,710		252,717
Infor Enterprise Solutions Holdings
Delayed Draw Term Loan
07-30-12		3.99		85,879		78,089
Infor Enterprise Solutions Holdings
Term Loan
07-30-12		3.99		164,596		149,665
Lender Processing Services
Tranche B Term Loan
07-01-14		2.73		279,267		277,173
Metavante
Term Loan
11-03-14		3.53		32,567		32,241
Sabre
Term Loan
09-30-14		2.48 – 2.49		300,000		269,679
Verint Systems
Term Loan
05-25-14		3.49		23,304		21,382
Total						1,261,826
Textile (0.1%)
Hanesbrands
Term Loan
12-10-15		5.25		100,000		100,597
Levi Strauss & Co
Term Loan
03-27-14		2.48		100,000		90,500
St. John Knits Intl
Term Loan
03-23-12		9.25		91,734		77,974
William Carter
Term Loan
07-14-12		1.73 – 1.78		73,287		71,211
Total						340,282
Transportation Services (—%)
Hertz
Letter of Credit
12-21-12		0.25 – 1.75		110,430		105,460
Wireless (0.2%)
Crown Castle Operating
Tranche B Term Loan
03-06-14		1.73		52,570		51,051

	Coupon		Principal
Borrower	Rate		Amount			Value(a)
Hawaiian Telecom Communications
Tranche C Term Loan
05-30-14		4.75		28,626			20,646
MetroPCS Wireless
Tranche B Term Loan
11-03-13		2.50 – 2.56		327,315			312,341
Ntelos
Tranche B Term Loan
08-07-15		5.75		124,688			125,234
PAETEC Holding
Incremental Term Loan
02-28-13		2.73		41,038			38,910
Total							548,182
Wirelines (0.6%)
Alaska Communications Systems Holdings
Term Loan
02-01-12		2.00		398,120			374,400
FairPoint Communications
Tranche B Term Loan
03-31-15		0.00		1,206,000	(b)		938,100
Iowa Telecommunications Services
Tranche B Term Loan
11-23-11		1.99 – 2.01		500,000			494,375
Time Warner Telecom Holdings
Tranche B Term Loan
01-07-13		1.99		221,836			211,773
Total							2,018,648
Total Senior Loans) (Cost: $40,369,071)						$	38,498,816

Common Stocks (—%)

Issuer	Shares			Value(a)
Auto Components (—%)
Delphi		1	(b)	$	12,858
Commercial Banks (—%)
First Horizon Natl		—	(b,u)		2
Hotels, Restaurants & Leisure (—%)
Buffets Restaurants Holdings		1,852	(b)		12,964
IT Services (—%)
Advanstar Communications		315	(b)		3,465
Total Common Stocks (Cost: $33,471)				$	29,289
Other (—%)
Issuer	Shares			Value(a)
Other Industry
Cumulus Media
Warrants		692	(b,t)	$	1,533
Total Other (Cost: $—)				$	1,533

Money Market Fund (3.0%)

	Shares			Value(a)
RiverSource Short-Term Cash Fund, 0.18%		9,499,561	(v)	$	9,499,561
Total Money Market Fund (Cost: $9,499,561)				$	9,499,561

Investments of Cash Collateral Received for Securities on Loan (11.4%)

	Shares		Value(a)
Cash Collateral Reinvestment Fund
JPMorgan Prime Money Market Fund		36,647,956	$	36,647,956
Total Investments of Cash Collateral Received for Securities on Loan (Cost: $36,647,956)			$	36,647,956
Total Investments in Securities (Cost: $335,346,351)(w)			$	353,253,388

The industries identified above are based on the Global Industry Classification Standard (GICS), which was developed by and is the exclusive property of Morgan Stanley Capital International Inc. and Standard & Poor’s, a division of The McGraw-Hill Companies, Inc.

Summary of Investments in Securities by Country

The following table represents the portfolio investments of the Fund by county as a percentage of net assets at Dec. 31, 2009.

	Percentage of net
Country	assets
Argentina		0.5	%
Australia		2.3	%
Bermuda		0.4	%
Brazil		2.4	%
Canada		4.1	%
Cayman Islands		0.5	%
Chile		0.2	%
Colombia		1.0	%
Dominican Republic		0.2	%
El Salvador		0.5	%
Germany		1.6	%
Indonesia		1.9	%
Iraq		0.1	%
Italy		0.5	%
Kazakhstan		0.3	%
Luxembourg		1.4	%
Mexico		2.1	%
Netherlands		0.9	%
Norway		1.3	%
Peru		0.7	%
Philippine Islands		0.9	%
Poland		0.4	%
Qatar		0.4	%
Russia		1.6	%
South Korea		0.3	%
Supra-National		0.7	%
Sweden		1.2	%
Turkey		1.4	%
Ukraine		0.1	%
United Arab Emirates		0.2	%
United Kingdom		2.2	%
Uruguay		0.6	%
Venezuela		1.3	%
Total Foreign Securities		34.2	%
United States		75.8	%

Investments in Derivatives

Futures Contracts Outstanding at Dec. 31, 2009

	Number of							Unrealized
	contracts			Notional			Expiration	appreciation
Contract description	long (short)			market value			date	(depreciation)
U.S. Long Bond, 20-year		166		$	19,152,250		March 2010	$	(879,531	)
U.S. Treasury Note, 2-year		(197	)		(42,604,329	)	April 2010		286,955
U.S. Treasury Note, 5-year		(113	)		(12,925,257	)	April 2010		265,558
U.S. Treasury Note, 10-year		(106	)		(12,238,032	)	March 2010		395,684
Total								$	68,666

Forward Foreign Currency Contracts Open at Dec. 31, 2009

			Unrealized		Unrealized
Exchange date	Currency to be delivered	Currency to be received	appreciation		depreciation
Jan. 20, 2010	1,340,000 Canadian Dollar	1,261,615 U.S. Dollar	$	—	$	(13,886	)
Jan. 20, 2010	293,436,000 Japanese Yen	3,311,797 U.S. Dollar		158,698		—
Jan. 20, 2010	1,963,000 Swiss Franc	1,901,076 U.S. Dollar		4,734		—
Jan. 20, 2010	25,000 Swiss Franc	23,952 U.S. Dollar		—		(199	)
Jan. 20, 2010	3,158,506 U.S. Dollar	3,467,000 Australian Dollar		—		(49,606	)
Jan. 20, 2010	126,954 U.S. Dollar	144,000 Australian Dollar		2,173		—
Jan. 20, 2010	1,281,752 U.S. Dollar	801,000 British Pound		12,374		—
Jan. 20, 2010	1,894,128 U.S. Dollar	10,967,000 Norwegian Krone		—		(2,529	)
Jan. 20, 2010	27,135 U.S. Dollar	159,000 Norwegian Krone		290		—
Total			$	178,269	$	(66,220	)

Notes to Portfolio of Investments

(a)	Securities are valued by using policies described in Note 2 to the financial statements in the most recent Annual Report dated Sept. 30, 2009.
(b)	Non-income producing. For long-term debt securities, item identified is in default as to payment of interest and/or principal.
(c)	Foreign security values are stated in U.S. dollars. For debt securities, principal amounts are denominated in U.S. dollar currency unless otherwise noted. At Dec. 31, 2009, the value of foreign securities, excluding short-term securities, represented 34.15% of net assets.
(d)	Represents a security sold under Rule 144A, which is exempt from registration under the Securities Act of 1933, as amended. This security may be determined to be liquid under guidelines established by the Fund’s Board of Directors. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At Dec. 31, 2009, the value of these securities amounted to $70,263,014 or 21.83% of net assets.
(e)	Inflation-indexed bonds are securities in which the principal amount is adjusted for inflation and the semiannual interest payments equal a fixed percentage of the inflation-adjusted principal amount.
(f)	Mortgage-backed securities represent direct or indirect participations in, or are secured by and payable from, mortgage loans secured by real property, and include single- and multi-class pass-through securities and collateralized mortgage obligations. These securities may be issued or guaranteed by U.S. government agencies or instrumentalities, or by private issuers, generally originators and investors in mortgage loans, including savings associations, mortgage bankers, commercial banks, investment bankers and special purpose entities. The maturity dates shown represent the original maturity of the underlying obligation. Actual maturity may vary based upon prepayment activity on these obligations. Unless otherwise noted, the coupon rates presented are fixed rates.

(g)	This is a variable rate security that entitles holders to receive only interest payments. Interest is paid annually. The interest payment is based on the Gross Domestic Product (GDP) level of the previous year for the respective country. To the extent that the previous year’s GDP exceeds the ‘base case GDP’, an interest payment is made equal to 0.012225 of the difference.
(h)	Interest rate varies either based on a predetermined schedule or to reflect current market conditions; rate shown is the effective rate on Dec. 31, 2009.
(i)	For zero coupons, the interest rate disclosed represents the annualized effective yield on the date of acquisition.
(j)	Pay-in-kind securities are securities in which the issuer makes interest or dividend payments in cash or in additional securities. The securities usually have the same terms as the original holdings.
(k)	The borrower filed for protection under Chapter 11 of the U.S. Federal Bankruptcy Code.
(l)	This position is in bankruptcy.
(m)	At Dec. 31, 2009, the cost of securities purchased, including interest purchased, on a when-issued and/or other forward-commitment basis was $578,457.
(n)	Senior loans have rates of interest that float periodically based primarily on the London Interbank Offered Rate (“LIBOR”) and other short-term rates. Remaining maturities of senior loans may be less than the stated maturities shown as a result of contractual or optional prepayments by the borrower. Such prepayments cannot be predicted with certainty.
(o)	Represents a senior loan purchased on a when-issued or delayed-delivery basis. Certain details associated with this purchase are not known prior to the settlement date of the transaction. In addition, senior loans typically trade without accrued interest and therefore a weighted average coupon rate is not available prior to settlement. At settlement, if still unknown, the borrower or counterparty will provide the Fund with the final weighted average coupon rate and maturity date.
(p)	At Dec. 31, 2009, the Fund had unfunded senior loan commitments pursuant to the terms of the loan agreement. The Fund receives a stated coupon rate until the borrower draws on the loan commitment, at which time the rate will become the stated rate in the loan agreement.

	Unfunded
Borrower	commitment
Aleris Intl	$	64,274
Lyondell Chemical
Debtor In Possession		8,863
Delphi Holdings
Tranche A2		71
Delphi Holdings
Tranche B1A		723
Total	$	73,931

(q)	At Dec. 31, 2009, security was partially or fully on loan.
(r)	At Dec. 31, 2009, investments in securities included securities valued at $577,099 that were partially pledged as collateral to cover initial margin deposits on open interest rate futures contracts.
(s)	The following abbreviation is used in the portfolio security description to identify the insurer of the issue:

FGIC — Financial Guaranty Insurance Company

(t) Identifies issues considered to be illiquid as to their marketability. The aggregate value of such securities at Dec. 31, 2009 was $1,533, representing less than 0.01% of net assets. Information concerning such security holdings at Dec. 31, 2009 is as follows:

	Acquisition
Security	dates		Cost
Cumulus Media Warrants		11-05-09	$	—

(u)	Represents fractional shares.
(v)	Affiliated Money Market Fund — The Fund may invest its daily cash balance in RiverSource Short-Term Cash Fund, a money market fund established for the exclusive use of the RiverSource funds and other institutional clients of RiverSource Investments. The rate shown is the seven-day current annualized yield at Dec. 31, 2009.
(w)	At Dec. 31, 2009, the cost of securities for federal income tax purposes was approximately $335,346,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was:

Unrealized appreciation	$	22,793,000
Unrealized depreciation		(4,886,000	)
Net unrealized appreciation	$	17,907,000

Fair Value Measurements

Generally accepted accounting principles (GAAP) require disclosure regarding the inputs and valuation techniques used to measure fair value and any changes in valuation inputs or techniques. In addition, investments shall be disclosed by major category.

The Fund categorizes its fair value measurements according to a three-level hierarchy that maximizes the use of observable inputs and minimizes the use of unobservable inputs by prioritizing that the most observable input be used when available. Observable inputs are those that market participants would use in pricing an investment based on market data obtained from sources independent of the reporting entity. Unobservable inputs are those that reflect the Fund’s assumptions about the information market participants would use in pricing an investment. An investment’s level within the fair value hierarchy is based on the lowest level of any input that is deemed significant to the asset or liability’s fair value measurement. The input levels are not necessarily an indication of the risk or liquidity associated with investments at that level. For example, certain U.S. government securities are generally high quality and liquid, however, they are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market.

Fair value inputs are summarized in the three broad levels listed below:

• Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments.

• Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.).

• Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments).

Inputs that are used in determining fair value of an investment may include price information, credit data, volatility statistics, and other factors. These inputs can be either observable or unobservable. The availability of observable inputs can vary between investments, and is affected by various factors such as the type of investment, and the volume and level of activity for that investment or similar investments in the marketplace. The inputs will be considered by the Fund Administrator, along with any other relevant factors in the calculation of an investment’s fair value. The Fund uses prices and inputs that are current as of the measurement date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many investments. This condition could cause an investment to be reclassified between the various levels within the hierarchy.

Investments falling into the Level 3 category are primarily supported by quoted prices from brokers and dealers participating in the market for those investments. However, these may be classified as Level 3 investments due to lack of market transparency and corroboration to support these quoted prices. Additionally, valuation models may be used as the pricing source for any remaining investments classified as Level 3. These models rely on one or more significant unobservable inputs and/or significant assumptions by the Fund Administrator. Inputs used in a valuation model may include, but are not limited to, financial statement analysis, discount rates and estimated cash flows, and comparable company data.

The following table is a summary of the inputs used to value the Fund’s investments as of Dec. 31, 2009:

	Fair value at Dec. 31, 2009
	Level 1		Level 2
	quoted prices		other		Level 3
	in active		significant		significant
	markets for		observable		unobservable
Description	identical assets		inputs		inputs		Total
Bonds
Foreign Government Obligations & Agencies	$	—	$	87,199,161	$	1,018,897	$	88,218,058
U.S. Government Obligations & Agencies		10,677,459		9,050,863		—		19,728,322
Asset-Backed Securities		—		558,375		—		558,375
Commercial Mortgage-Backed Securities		—		4,700,489		—		4,700,489
Residential Mortgage-Backed Securities		—		7,199,697		460,440		7,660,137
Corporate Debt Securities		—		147,178,815		532,037		147,710,852
Total Bonds		10,677,459		255,887,400		2,011,374		268,576,233
Equity Securities
Common Stocks (a)
Auto Components		—		12,858		—		12,858
IT Services		—		3,465		—		3,465
All Other Industries (b)		12,966		—		—		12,966
Other (a)
Other Industry		—		1,533		—		1,533
Total Equity Securities		12,966		17,856		—		30,822
Other
Senior Loans		—		38,172,022		326,794		38,498,816
Affiliated Money Market Fund (c)		9,499,561		—		—		9,499,561
Investments of Cash Collateral Received for Securities on Loan		36,647,956		—		—		36,647,956
Total Other		46,147,517		38,172,022		326,794		84,646,333
Investments in Securities		56,837,942		294,077,278		2,338,168		353,253,388
Other Financial Instruments (d)		68,666		112,049		—		180,715
Total	$	56,906,608	$	294,189,327	$	2,338,168	$	353,434,103

(a)	Includes certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading. Therefore, these investment securities were classified as Level 2 instead of Level 1.
(b)	All industry classifications are identified in the Portfolio of Investments.
(c)	Money market fund that is a sweep investment for cash balances in the Fund at Dec. 31, 2009.
(d)	Other Financial Instruments are derivative instruments, which are valued at the unrealized appreciation (depreciation) on the instrument. Derivative descriptions are located in the Investments in Derivatives section of the Portfolio of Investments.

The following table is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value.

	Foreign
	Government			Residential
	Obligation &			Mortgage-Backed			Corporate Debt
	Agencies			Securities			Securities			Senior Loans		Total
Balance as of Sept. 30, 2009	$	1,077,337		$	—		$	169,000		$	249,266	$	1,495,603
Accrued discounts/premiums		10,042			—			(339	)		2,717		12,420
Realized gain (loss)		13,617			852			69			—		14,538
Change in unrealized appreciation (depreciation)*		(28,038	)		19,905			14,466			8,061		14,394
Net purchases (sales)		(54,061	)		(37,100	)		348,841			66,750		324,430
Transfers in and/or out of Level 3		—			476,783			—			—		476,783
Balance as of Dec. 31, 2009	$	1,018,897		$	460,440		$	532,037		$	326,794	$	2,338,168

* Change in unrealized appreciation (depreciation) relating to securities held at Dec. 31, 2009 was $(360,993).

Item 2. Control and Procedures.

(a) Based upon their evaluation of the registrant’s disclosure controls and procedures as conducted within 90 days of the filing date of this report, the registrant’s principal financial officer and principal executive officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms.

(b) There were no changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

Separate certification for the Registrant’s principal executive officer and principal financial officer as required by Rule 30a-2(a) under the Investment Company Act of 1940.

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) RiverSource Strategic Allocation Series, Inc.

By	/s/ Patrick T. Bannigan Patrick T. Bannigan
	President and Principal Executive Officer
Date March 1, 2010

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/ Patrick T. Bannigan Patrick T. Bannigan
	President and Principal Executive Officer
Date March 1, 2010
By	/s/ Jeffrey P. Fox Jeffrey P. Fox
	Treasurer and Principal Financial Officer
Date March 1, 2010

EX-99.CERT

Certification Pursuant to
270.30a-2 of the Investment Company Act of 1940

I, Patrick T. Bannigan, certify that:

1.	I have reviewed this report on Form N-Q of RiverSource Strategic Allocation Series, Inc.;
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 schedule 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 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 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: February 22, 2010
Name:	/s/ Patrick T. Bannigan Patrick T. Bannigan
Title:	President and Principal Executive Officer

Certification Pursuant to
270.30a-2 of the Investment Company Act of 1940

I, Jeffrey P. Fox, certify that:

1.	I have reviewed this report on Form N-Q of RiverSource Strategic Allocation Series, Inc.;
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 schedule 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 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 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: February 22, 2010
Name:	/s/ Jeffrey P. Fox Jeffrey P. Fox
Title:	Treasurer and Chief Financial Officer