-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, L22m9hp8QRpy/d9kDlWlI0KYHc9scS71YUz+H4NXRhciCgxDPOtcuTiDRKfvMd8V no2Ndzt6W4dW067riQa5+A== 0001169232-09-001694.txt : 20090326 0001169232-09-001694.hdr.sgml : 20090326 20090325174705 ACCESSION NUMBER: 0001169232-09-001694 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090131 FILED AS OF DATE: 20090326 DATE AS OF CHANGE: 20090325 EFFECTIVENESS DATE: 20090326 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SELIGMAN GLOBAL FUND SERIES INC CENTRAL INDEX KEY: 0000881466 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-06485 FILM NUMBER: 09704850 BUSINESS ADDRESS: STREET 1: 100 PARK AVENUE STREET 2: 8TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2124880200 MAIL ADDRESS: STREET 1: 100 PARK AVENUE STREET 2: 8TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: SELIGMAN HENDERSON GLOBAL FUND SERIES INC DATE OF NAME CHANGE: 19930721 FORMER COMPANY: FORMER CONFORMED NAME: SELIGMAN INTERNATIONAL FUND SERIES INC DATE OF NAME CHANGE: 19920717 0000881466 S000009654 EMERGING MARKETS FUND C000026449 EMERGING MARKETS FUND - CLASS A SHEMX C000026450 EMERGING MARKETS FUND - CLASS B SHEBX C000026451 EMERGING MARKETS FUND - CLASS C SHECX C000026453 EMERGING MARKETS FUND - CLASS I SHERIX C000026454 EMERGING MARKETS FUND - CLASS R SERRX 0000881466 S000009655 GLOBAL GROWTH FUND C000026455 GLOBAL GROWTH FUND - CLASS A SHGOX C000026456 GLOBAL GROWTH FUND - CLASS B SHOBX C000026457 GLOBAL GROWTH FUND - CLASS C SHOCX C000026459 GLOBAL GROWTH FUND - CLASS I SGLIX C000026460 GLOBAL GROWTH FUND - CLASS R SGGRX 0000881466 S000009656 GLOBAL SMALLER COMPANIES FUND C000026461 GLOBAL SMALLER COMPANIES FUND - CLASS A SHGAX C000026462 GLOBAL SMALLER COMPANIES FUND - CLASS B SHGBX C000026463 GLOBAL SMALLER COMPANIES FUND - CLASS C SHGCX C000026465 GLOBAL SMALLER COMPANIES FUND - CLASS I SGSIX C000026466 GLOBAL SMALLER COMPANIES FUND - CLASS R SGSRX 0000881466 S000009657 INTERNATIONAL GROWTH FUND C000026467 INTERNATIONAL GROWTH FUND - CLASS A SHIFX C000026468 INTERNATIONAL GROWTH FUND - CLASS B SHBIX C000026469 INTERNATIONAL GROWTH FUND - CLASS C SILCX C000026471 INTERNATIONAL GROWTH FUND - CLASS I SIGIX C000026472 INTERNATIONAL GROWTH FUND - CLASS R SIGRX 0000881466 S000009658 GLOBAL TECHNOLOGY FUND C000026473 GLOBAL TECHNOLOGY FUND - CLASS A SHGTX C000026474 GLOBAL TECHNOLOGY FUND - CLASS B SHTBX C000026475 GLOBAL TECHNOLOGY FUND - CLASS C SHTCX C000026477 GLOBAL TECHNOLOGY FUND - CLASS R SGTRX C000075907 GLOBAL TECHNOLOGY FUND - CLASS R2 C000075908 GLOBAL TECHNOLOGY FUND - CLASS R3 C000075909 GLOBAL TECHNOLOGY FUND - CLASS R4 C000075910 GLOBAL TECHNOLOGY FUND - CLASS R5 C000075911 GLOBAL TECHNOLOGY FUND - CLASS I N-Q 1 d76515_n-q.htm QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-6485

Seligman Global Fund Series, Inc.
(Exact name of Registrant as specified in charter)

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

Lawrence P. Vogel
100 Park Avenue
New York, New York 10017
(Name and address of agent for service)

Registrant’s telephone number, including area code: (212) 850-1864

 

 

Date of fiscal year end:

10/31

 

 

Date of reporting period:

1/31/09


FORM N-Q

ITEM 1. SCHEDULE OF INVESTMENTS.

Schedules of Investments (unaudited)
Seligman Emerging Markets Fund
January 31, 2009

 

 

 

 

 

 

 

 

 

 

 

 

Shares

 

 

 

Value

 

 

 

 

 

 

 

Common Stocks 95.7%

 

 

 

 

 

 

 

 

 

Brazil 16.4%

 

 

 

 

 

 

 

 

 

Amil Participacoes* (Insurance)

 

 

68,900

 

 

 

$

213,828

 

Banco Itau Holding Financeira (ADR) (Commercial Banks)

 

 

114,200

 

 

 

 

1,146,568

 

BM&F Bovespa* (Diversified Financial Services)

 

 

345,500

 

 

 

 

996,290

 

Companhia Brasileira de Distribuicao Grupo Pao de Acucar (ADR) (Food and Staples Retailing)

 

 

19,900

 

 

 

 

510,435

 

Companhia de Saneamento Basico do Estado de Sao Paulo “SABESP” (Water Utilities)

 

 

6,400

 

 

 

 

69,241

 

Companhia Energetica de Minas Gerais “CEMIG” (ADR) (Electric Utilities)

 

 

68,400

 

 

 

 

929,556

 

Companhia Siderurgica Nasional (ADR) (Metals and Mining)

 

 

19,900

 

 

 

 

300,490

 

Companhia Vale do Rio Doce “CVRD” (ADR) (Metals and Mining)

 

 

96,916

 

 

 

 

1,367,485

 

Cyrela Brazil Realty (Household Durables)

 

 

132,100

 

 

 

 

529,539

 

OdontoPrev* (Health Care Providers and Services)

 

 

27,100

 

 

 

 

279,177

 

Petroleo Brasileiro “Petrobras” (ADR) (Oil, Gas and Consumable Fuels)

 

 

100,500

 

 

 

 

2,633,100

 

Usinas Siderurgicas de Minas Gerais “Usiminas” (Metals and Mining)

 

 

54,025

 

 

 

 

628,739

 

Weg (Machinery)

 

 

49,900

 

 

 

 

250,575

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9,855,023

 

 

 

 

 

 

 

 

 

China 17.0%

 

 

 

 

 

 

 

 

 

China Life Insurance (Class H)* (Insurance)

 

 

498,000

 

 

 

 

1,319,482

 

China Mobile (ADR) (Wireless Telecommunication Services)

 

 

23,200

 

 

 

 

1,043,304

 

China Overseas Land & Investment (Real Estate Management and Development)

 

 

322,400

 

 

 

 

421,186

 

China Resources Enterprise (Distributors)

 

 

350,000

 

 

 

 

504,054

 

China Shenhua Energy (Class H)* (Oil, Gas and Consumable Fuels)

 

 

580,000

 

 

 

 

1,243,131

 

CNOOC (ADR) (Oil, Gas and Consumable Fuels)

 

 

19,700

 

 

 

 

1,694,988

 

Datang International Power Generation (International Power Producers and Energy Traders)

 

 

402,000

 

 

 

 

199,719

 

Golden Meditech (Health Care Equipment and Supplies)

 

 

1,688,000

 

 

 

 

154,195

 

Hong Kong Exchange and Clearing (Diversified Financial Services)

 

 

54,200

 

 

 

 

465,097

 

Industrial and Commercial Bank of China “ICBC” (Class H)* (Commercial Banks)

 

 

2,045,000

 

 

 

 

869,585

 

Shangri-La Asia (Hotels, Restaurants and Leisure)

 

 

842,000

 

 

 

 

982,083

 

Simcere Pharmaceutical Group (ADR)* (Pharmaceuticals)

 

 

62,173

 

 

 

 

403,503

 

Weiqiao Textile (Textiles, Apparel and Luxury Goods)

 

 

506,000

 

 

 

 

150,202

 

WSP Holdings (ADR)* (Energy Equipment and Services)

 

 

125,300

 

 

 

 

506,212

 

Wumart Stores (Food and Staples Retailing)

 

 

356,178

 

 

 

 

249,238

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10,205,979

 

 

 

 

 

 

 

 

 

Egypt 1.9%

 

 

 

 

 

 

 

 

 

EFG Hermes Holding (Capital Markets)

 

 

165,832

 

 

 

 

431,479

 

Orascom Construction Industries (Construction and Engineering)

 

 

34,770

 

 

 

 

685,474

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,116,953

 

 

 

 

 

 

 

 

 

Hungary 0.8%

 

 

 

 

 

 

 

 

 

Richter Gedeon (Pharmaceuticals)

 

 

4,312

 

 

 

 

492,227

 

 

 

 

 

 

 

 

 

India 10.2%

 

 

 

 

 

 

 

 

 

Bharat Heavy Electricals (Electrical Equipment)

 

 

26,586

 

 

 

 

708,945

 

Bharti Airtel* (Wireless Telecommunication Services)

 

 

42,816

 

 

 

 

547,566

 

Dr. Reddy’s Laboratories (Pharmaceuticals)

 

 

26,451

 

 

 

 

240,231

 

Educomp Solutions (Diversified Consumer Services)

 

 

14,822

 

 

 

 

533,863

 

Glenmark Pharmaceuticals* (Pharmaceuticals)

 

 

62,241

 

 

 

 

172,883

 

Grasim Industries (Construction Materials)

 

 

17,121

 

 

 

 

413,860

 

Lanco Infratech* (Construction and Engineering)

 

 

103,768

 

 

 

 

239,495

 

Maruti Suzuki India (Automobiles)

 

 

10,056

 

 

 

 

117,071

 

Nicholas Piramal India (Pharmaceuticals)

 

 

153,081

 

 

 

 

662,793

 

Piramal Life Sciences* (Biotechnology)

 

 

52,349

 

 

 

 

34,673

 

Punjab National Bank (Commercial Banks)

 

 

15,950

 

 

 

 

129,769

 

Reliance Industries (Oil, Gas and Consumable Fuels)

 

 

35,700

 

 

 

 

959,158

 

Sterlite Industries (India) (Metals and Mining)

 

 

134,866

 

 

 

 

743,370

 

Tata Chemicals (Chemicals)

 

 

199,353

 

 

 

 

613,021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6,116,698

 

 

 

 

 

 

 

 

 

Israel 4.8%

 

 

 

 

 

 

 

 

 

Bank Hapoalim (Commercial Banks)

 

 

137,971

 

 

 

 

248,821

 

Bank Leumi Le-Israel (Commercial Banks)

 

 

71,234

 

 

 

 

130,593

 

Bezek Israeli Telecommunication (Diversified Telecommunication Services)

 

 

412,530

 

 

 

 

611,696

 

Cellcom Israel (Wireless Telecommunication Services)

 

 

5,000

 

 

 

 

103,450

 

Teva Pharmaceutical Industries (ADR) (Pharmaceuticals)

 

 

43,000

 

 

 

 

1,782,350

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,876,910

 

 

 

 

 

 

 

 

 

Jordan 1.0%

 

 

 

 

 

 

 

 

 

Hikma Pharmaceuticals (Pharmaceuticals)

 

 

116,782

 

 

 

 

604,555

 

 

 

 

 

 

 

 

 

Malaysia 1.5%

 

 

 

 

 

 

 

 

 

Digi.com (Wireless Telecommunication Services)

 

 

82,900

 

 

 

 

469,838

 

Kulim (Malaysia) (Food Products)

 

 

314,200

 

 

 

 

423,575

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

893,413

 

 

 

 

 

 

 

 

 

Mexico 7.8%

 

 

 

 

 

 

 

 

 

America Movil (Class L) (ADR) (Wireless Telecommunication Services)

 

 

61,300

 

 

 

 

1,747,663

 

Fomento Economico Mexicano (ADR) (Beverages)

 

 

32,300

 

 

 

 

909,245

 

Grupo Financiero Banorte (Class O)* (Commercial Banks)

 

 

373,500

 

 

 

 

492,114

 

Grupo Televisa (ADR) (Media)

 

 

79,300

 

 

 

 

1,109,407

 

Impulsora del Dessarrollo y el Empleo an America Latina (Series B-1)* (Construction and Engineering)

 

 

331,800

 

 

 

 

156,809

 

Wal-Mart de Mexico (Series V) (Food and Staples Retailing)

 

 

127,300

 

 

 

 

265,723

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,680,961

 

 

 

 

 

 

 

 

 

Papua New Guinea 0.3%

 

 

 

 

 

 

 

 

 

New Britain Palm Oil (Food Products)

 

 

56,986

 

 

 

 

185,958

 

 

 

 

 

 

 

 

 

Peru 1.4%

 

 

 

 

 

 

 

 

 

Compania de Minas Buenaventura (Class B) (ADR) (Metals and Mining)

 

 

46,300

 

 

 

 

872,292

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Philippines 0.9%

 

 

 

 

 

 

 

 

 

Philippine Long Distance Telephone (ADR) (Diversified Telecommunication Services)

 

 

12,400

 

 

 

 

548,700

 

 

 

 

 

 

 

 

 

Qatar 0.6%

 

 

 

 

 

 

 

 

 

Commerical Bank of Qatar (GDR)*† (Commercial Banks)

 

 

122,500

 

 

 

 

392,000

 

 

 

 

 

 

 

 

 

Russia 2.7%

 

 

 

 

 

 

 

 

 

Mobile Telesystems (ADR) (Wireless Telecommunication Services)

 

 

28,000

 

 

 

 

596,400

 

Rosneft Oil (GDR) (Oil, Gas and Consumable Fuels)

 

 

337,196

 

 

 

 

1,048,680

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,645,080

 

 

 

 

 

 

 

 

 

Singapore 1.1%

 

 

 

 

 

 

 

 

 

Golden Agri-Resources (Food Products)

 

 

3,298,000

 

 

 

 

666,888

 

 

 

 

 

 

 

 

 

South Africa 10.5%

 

 

 

 

 

 

 

 

 

Adcock Ingram Holdings* (Pharmaceuticals)

 

 

135,561

 

 

 

 

529,043

 

African Bank Investments (Diversified Financial Services)

 

 

274,689

 

 

 

 

704,043

 

Aspen Pharmacare* (Pharmaceuticals)

 

 

123,319

 

 

 

 

508,836

 

Gold Fields* (Metals and Mining)

 

 

60,356

 

 

 

 

638,589

 

Impala Platinum Holdings (Metals and Mining)

 

 

92,604

 

 

 

 

1,063,690

 

Massmart Holdings (Food and Staples Retailing)

 

 

64,295

 

 

 

 

507,693

 

MTN Group (Wireless Telecommunication Services)

 

 

90,432

 

 

 

 

859,102

 

Sasol (Oil, Gas and Consumable Fuels)

 

 

30,799

 

 

 

 

823,110

 

Truworths International (Specialty Retail)

 

 

195,191

 

 

 

 

671,696

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6,305,802

 

 

 

 

 

 

 

 

 

South Korea 5.0%

 

 

 

 

 

 

 

 

 

LG Electronics (Household Durables)

 

 

10,109

 

 

 

 

515,549

 

NHN* (Internet Software and Services)

 

 

4,669

 

 

 

 

463,050

 

POSCO (Metals and Mining)

 

 

2,828

 

 

 

 

726,437

 

Samsung Securities (Capital Markets)

 

 

14,076

 

 

 

 

631,694

 

Shinsegae (Food and Staples Retailing)

 

 

2,061

 

 

 

 

655,911

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,992,641

 

 

 

 

 

 

 

 

 

Switzerland 0.4%

 

 

 

 

 

 

 

 

 

Orascom Development Holding* (Hotels, Restaurants and Leisure)

 

 

8,879

 

 

 

 

211,779

 

 

 

 

 

 

 

 

 

Taiwan 8.1%

 

 

 

 

 

 

 

 

 

Chungwa Telecom (ADR) (Diversified Telecommunication Services)

 

 

33,000

 

 

 

 

496,320

 

Fuhwa Financial Holding* (Diversified Financial Services)

 

 

995,000

 

 

 

 

370,518

 

HON HAI Precision Industry (Electronic Equipment, Instruments and Components)

 

 

490,910

 

 

 

 

850,827

 

MediaTek (Semiconductors and Semiconductor Equipment)

 

 

104,000

 

 

 

 

750,885

 

President Chain Store (Food and Staples Retailing)

 

 

194,000

 

 

 

 

451,489

 

Taiwan Cellular* (Wireless Telecommunication Services)

 

 

549,000

 

 

 

 

769,098

 

Taiwan Semiconductor Manufacturing (Semiconductors and Semiconductor Equipment)

 

 

967,000

 

 

 

 

1,168,624

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,857,761

 

 

 

 

 

 

 

 

 

Thailand 1.6%

 

 

 

 

 

 

 

 

 

Bangkok Bank (Commercial Banks)

 

 

406,700

 

 

 

 

852,737

 

Land and Houses (Real Estate Management and Development)

 

 

1,432,900

 

 

 

 

128,674

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

981,411

 

 

 

 

 

 

 

 

 

Turkey 1.3%

 

 

 

 

 

 

 

 

 

Akcansa Cimento (Construction Materials)

 

 

73,510

 

 

 

 

96,502

 

Cimsa Cimento Sanayi ve Ticaret (Construction Materials)

 

 

77,565

 

 

 

 

135,833

 

Haci Omer Sabanci Holding (Diversified Financial Services)

 

 

280,955

 

 

 

 

533,351

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

765,686

 

 

 

 

 

 

 

 

 

United States 0.4%

 

 

 

 

 

 

 

 

 

iShares MSCI Emerging Markets Index Fund (Index Derivatives)

 

 

9,700

 

 

 

 

219,511

 

 

 

 

 

 

 

 

 

 

Total Investments 95.7%

 

 

 

 

 

 

 

57,488,228

 

Other Assets Less Liabilities 4.3%

 

 

 

 

 

 

 

2,603,031

 

 

 

 

 

 

 

 

 

Net Assets 100.0%

 

 

 

 

 

 

$

60,091,259

 

 

 

 

 

 

 

 

 


Seligman Global Growth Fund
January 31, 2009

 

 

 

 

 

 

 

 

 

 

 

 

Shares

 

 

 

Value

 

 

 

 

 

 

 

Common Stocks 98.3%

 

 

 

 

 

 

 

 

 

Australia 1.8%

 

 

 

 

 

 

 

 

 

CSL (Biotechnology)

 

 

12,567

 

 

 

$

295,928

 

 

 

 

 

 

 

 

 

Brazil 0.6%

 

 

 

 

 

 

 

 

 

Banco Itau Holding Financeira (ADR) (Commercial Banks)

 

 

8,900

 

 

 

 

89,356

 

 

 

 

 

 

 

 

 

Canada 3.7%

 

 

 

 

 

 

 

 

 

Canadian Natural Resources (Oil, Gas and Consumable Fuels)

 

 

4,600

 

 

 

 

164,643

 

Potash Corporation of Saskatchewan (Chemicals)

 

 

2,800

 

 

 

 

209,608

 

Research In Motion* (Communications Equipment)

 

 

4,100

 

 

 

 

227,140

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

601,391

 

 

 

 

 

 

 

 

 

China 0.7%

 

 

 

 

 

 

 

 

 

Ping An Insurance (Group) Company of China (Class H) (Insurance)

 

 

27,500

 

 

 

 

119,990

 

 

 

 

 

 

 

 

 

Denmark 1.8%

 

 

 

 

 

 

 

 

 

Carlsberg (Class B) (Beverages)

 

 

2,502

 

 

 

 

82,612

 

Vestas Wind Systems (Electrical Equipment)

 

 

4,235

 

 

 

 

204,769

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

287,381

 

 

 

 

 

 

 

 

 

France 4.2%

 

 

 

 

 

 

 

 

 

Alstom* (Electrical Equipment)

 

 

3,161

 

 

 

 

153,381

 

Groupe Danone (Food Products)

 

 

5,011

 

 

 

 

257,744

 

Societe Generale (Commercial Banks)

 

 

2,250

 

 

 

 

94,869

 

Total (Oil, Gas and Consumable Fuels)

 

 

3,392

 

 

 

 

169,674

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

675,668

 

 

 

 

 

 

 

 

 

Germany 3.5%

 

 

 

 

 

 

 

 

 

Fresenius Medical (Health Care Providers and Services)

 

 

5,374

 

 

 

 

241,154

 

Muenchener Rueckversicherungs-Gesellschaft* (Insurance)

 

 

1,345

 

 

 

 

178,850

 

Siemens (Industrial Conglomerates)

 

 

2,690

 

 

 

 

150,807

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

570,811

 

 

 

 

 

 

 

 

 

Greece 0.6%

 

 

 

 

 

 

 

 

 

National Bank of Greece (Commercial Banks)

 

 

5,339

 

 

 

 

88,593

 

 

 

 

 

 

 

 

 

Hong Kong 0.3%

 

 

 

 

 

 

 

 

 

Li & Fung (Distributors)

 

 

24,000

 

 

 

 

48,107

 

 

 

 

 

 

 

 

 

Israel 2.3%

 

 

 

 

 

 

 

 

 

Teva Pharmaceutical Industries (ADR) (Pharmaceuticals)

 

 

9,100

 

 

 

 

377,195

 

 

 

 

 

 

 

 

 

Japan 4.7%

 

 

 

 

 

 

 

 

 

Daiichi Sankyo (Pharmaceuticals)

 

 

9,900

 

 

 

 

222,520

 

Nintendo (Software)

 

 

900

 

 

 

 

276,869

 

Shin Etsu Chemical (Chemicals)

 

 

1,800

 

 

 

 

83,590

 

SoftBank (Wireless Telecommunication Services)

 

 

11,700

 

 

 

 

179,995

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

762,974

 

 

 

 

 

 

 

 

 

Luxembourg 1.1%

 

 

 

 

 

 

 

 

 

Millicom International Cellular (Wireless Telecommunication Services)

 

 

4,600

 

 

 

 

180,136

 

 

 

 

 

 

 

 

 

Norway 1.0%

 

 

 

 

 

 

 

 

 

Seadrill* (Energy Equipment and Services)

 

 

19,700

 

 

 

 

162,288

 

 

 

 

 

 

 

 

 

Russia 0.3%

 

 

 

 

 

 

 

 

 

Vimpelcom (ADR)* (Diversified Telecommunication Services)

 

 

7,500

 

 

 

 

45,675

 

 

 

 

 

 

 

 

 

Spain 2.3%

 

 

 

 

 

 

 

 

 

Industria de Diseno Textil (Specialty Retail)

 

 

2,249

 

 

 

 

85,862

 

Telefonica (Diversified Telecommunication Services)

 

 

16,009

 

 

 

 

284,780

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

370,642

 

 

 

 

 

 

 

 

 

Switzerland 5.5%

 

 

 

 

 

 

 

 

 

Julius Baer Holding (Capital Markets)

 

 

5,391

 

 

 

 

160,159

 

Nestle (Food Products)

 

 

10,628

 

 

 

 

367,454

 

Roche Holding (Pharmaceuticals)

 

 

2,559

 

 

 

 

359,811

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

887,424

 

 

 

 

 

 

 

 

 

United Kingdom 7.4%

 

 

 

 

 

 

 

 

 

BG Group (Oil, Gas and Consumable Fuels)

 

 

9,165

 

 

 

 

126,511

 

BHP Billiton (Metals and Mining)

 

 

22,591

 

 

 

 

384,958

 

British American Tobacco (Tobacco)

 

 

9,716

 

 

 

 

267,131

 

Reckitt Benckiser Group (Household Products)

 

 

6,589

 

 

 

 

254,961

 

Standard Chartered (Commercial Banks)

 

 

11,998

 

 

 

 

151,894

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,185,455

 

 

 

 

 

 

 

 

 

United States 56.5%

 

 

 

 

 

 

 

 

 

Abbott Laboratories (Pharmaceuticals)

 

 

4,800

 

 

 

 

266,112

 

Allergan (Pharmaceuticals)

 

 

7,000

 

 

 

 

266,840

 

Altera* (Semiconductors and Semiconductor Equipment)

 

 

7,800

 

 

 

 

119,964

 

American Tower (Class A)* (Wireless Telecommunication Services)

 

 

12,000

 

 

 

 

364,080

 

Amgen* (Biotechnology)

 

 

5,200

 

 

 

 

285,220

 

Apple* (Computers and Peripherals)

 

 

2,800

 

 

 

 

252,364

 

Best Buy (Specialty Retail)

 

 

3,200

 

 

 

 

89,664

 

Celgene* (Biotechnology)

 

 

3,200

 

 

 

 

169,440

 

Cisco Systems* (Communications Equipment)

 

 

15,900

 

 

 

 

238,023

 

Clorox (Household Products)

 

 

3,500

 

 

 

 

175,525

 

Comcast (Class A)* (Media)

 

 

15,900

 

 

 

 

232,935

 

Danaher (Machinery)

 

 

3,400

 

 

 

 

190,162

 

Deere (Machinery)

 

 

3,300

 

 

 

 

114,642

 

Electronic Arts* (Software)

 

 

12,900

 

 

 

 

199,176

 

FedEx (Air Freight and Logistics)

 

 

2,400

 

 

 

 

122,256

 

General Dynamics (Aerospace and Defense)

 

 

2,800

 

 

 

 

158,844

 

Gilead Sciences* (Biotechnology)

 

 

5,000

 

 

 

 

253,850

 

Goldman Sachs Group (Capital Markets)

 

 

3,300

 

 

 

 

266,409

 

Google (Class A)* (Internet Software and Services)

 

 

1,100

 

 

 

 

372,383

 

Hess (Oil, Gas and Consumable Fuels)

 

 

4,500

 

 

 

 

250,245

 

Hewlett-Packard (Computers and Peripherals)

 

 

6,700

 

 

 

 

232,825

 

Illinois Tool Works (Machinery)

 

 

3,500

 

 

 

 

114,310

 

Intuitive Surgical* (Health Care Equipment and Supplies)

 

 

700

 

 

 

 

72,261

 

JPMorgan Chase (Diversified Financial Services)

 

 

3,800

 

 

 

 

96,938

 

Kohl’s* (Multiline Retail)

 

 

2,000

 

 

 

 

73,420

 

Las Vegas Sands* (Hotels, Restaurants and Leisure)

 

 

23,300

 

 

 

 

119,995

 

Lockheed Martin (Aerospace and Defense)

 

 

3,400

 

 

 

 

278,936

 

Lowe’s (Specialty Retail)

 

 

2,200

 

 

 

 

40,194

 

MetroPCS Communications* (Wireless Telecommunication Services)

 

 

33,500

 

 

 

 

455,265

 

Monsanto (Chemicals)

 

 

4,100

 

 

 

 

311,846

 

NetApp* (Computers and Peripherals)

 

 

9,900

 

 

 

 

146,817

 

Oracle* (Software)

 

 

24,300

 

 

 

 

408,969

 

Praxair (Chemicals)

 

 

2,900

 

 

 

 

180,554

 

Prudential Financial (Insurance)

 

 

3,600

 

 

 

 

92,700

 

Royal Caribbean Cruises (Hotels, Restaurants and Leisure)

 

 

11,200

 

 

 

 

72,688

 

Schlumberger (Energy Equipment and Services)

 

 

5,200

 

 

 

 

212,212

 

St. Jude Medical* (Health Care Equipment and Supplies)

 

 

8,000

 

 

 

 

290,960

 

SunPower* (Electrical Equipment)

 

 

6,300

 

 

 

 

211,428

 

Ultra Petroleum* (Oil, Gas and Consumable Fuels)

4,600

164,818

UnitedHealth Group (Health Care Providers and Services)

 

 

2,900

 

 

 

 

82,157

 

Visa (Class A) (IT Services)

 

 

4,800

 

 

 

 

236,880

 

Wells Fargo (Commercial Banks)

 

 

5,500

 

 

 

 

103,950

 

Western Union* (IT Services)

 

 

8,100

 

 

 

 

110,646

 

Wyeth (Pharmaceuticals)

 

 

8,400

 

 

 

 

360,948

 

XTO Energy (Oil, Gas and Consumable Fuels)

 

 

7,000

 

 

 

 

259,630

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9,119,481

 

 

 

 

 

 

 

 

 

 

Total Investments 98.3%

 

 

 

 

 

 

 

15,868,495

 

Other Assets Less Liabilities 1.7%

 

 

 

 

 

 

 

268,823

 

 

 

 

 

 

 

 

 

Net Assets 100.0%

 

 

 

 

 

 

$

16,137,318

 

 

 

 

 

 

 

 

 


Seligman Global Smaller Companies Fund
January 31, 2009

 

 

 

 

 

 

 

 

 

 

 

 

Shares,
Warrants or
Principal
Amount

 

 

 

Value

 

 

 

 

 

 

 

Common Stocks 94.0%

 

 

 

 

 

 

 

 

 

Australia 2.8%

 

 

 

 

 

 

 

 

 

AJ Lucas Group (Construction and Engineering)

 

 

121,811

 

shs.

 

$

298,464

 

Futuris (Food Products)

 

 

352,531

 

 

 

 

125,612

 

Incitiec Pivot (Chemicals)

 

 

186,440

 

 

 

 

305,470

 

Karoon Gas Australia* (Oil, Gas and Consumable Fuels)

 

 

190,559

 

 

 

 

354,834

 

Nufarm (Chemicals)

35,391

250,774

Ramsay Health Care (Health Care Providers and Services)

 

 

60,317

 

 

 

 

384,657

 

Whitehaven Coal* (Oil, Gas and Consumable Fuels)

 

 

212,948

 

 

 

 

219,449

 

WorleyParsons (Energy Equipment and Services)

 

 

60,106

 

 

 

 

559,997

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,499,257

 

 

 

 

 

 

 

 

 

Brazil 1.9%

 

 

 

 

 

 

 

 

 

Brasil Brokers Paricipacoes* (Real Estate Management and Development)

 

 

304,500

 

 

 

 

210,000

 

Companhia Catarinense de Aguas Saneamento* (Food Products)

 

 

105,600

 

 

 

 

477,931

 

Companhia de Saneamento de Minas Gerias “Coposa MG” (Water Utilities)

 

 

59,800

 

 

 

 

493,608

 

General Shopping Brazil* (Real Estate Management and Development)

 

 

164,600

 

 

 

 

107,132

 

Hypermarcas* (Household Products)

 

 

46,900

 

 

 

 

226,010

 

Profarma Distribuidora de Produtos Farmaceuticos* (Health Care Providers and Services)

 

 

77,400

 

 

 

 

190,164

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,704,845

 

 

 

 

 

 

 

 

 

Canada 2.9%

 

 

 

 

 

 

 

 

 

Allen-Vanguard* (Electronic Equipment, Instruments and Components)

 

 

306,000

 

 

 

 

48,661

 

Gluskin Shef & Associates* (Capital Markets)

 

 

31,300

 

 

 

 

261,631

 

Gluskin Shef & Associates*† (Capital Markets)

 

 

12,500

 

 

 

 

104,485

 

Mahalo Energy* (Oil, Gas and Consumable Fuels)

 

 

149,800

 

 

 

 

7,330

 

Sierra Wireless* (Communications Equipment)

 

 

87,600

 

 

 

 

482,676

 

Uranium Participation* (Oil, Gas and Consumable Fuels)

 

 

77,000

 

 

 

 

431,388

 

Value Creation* (Oil, Gas and Consumable Fuels)

 

 

58,000

 

 

 

 

154,667

 

Viterra* (Transportation Infrastructure)

 

 

33,500

 

 

 

 

252,701

 

Western Goldfields (Metals and Mining)

 

 

425,000

 

 

 

 

833,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,576,539

 

 

 

 

 

 

 

 

 

China 1.5%

 

 

 

 

 

 

 

 

 

Mindray Medical International (ADR) (Health Care Equipment and Supplies)

 

 

25,700

 

 

 

 

530,962

 

New Oriental Education & Technology Group (ADR)* (Diversified Consumer Services)

 

 

6,300

 

 

 

 

301,392

 

Shandong Weigao Group Medical Polymer (Class H) (Health Care Equipment and Supplies)

 

 

312,000

 

 

 

 

535,139

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,367,493

 

 

 

 

 

 

 

 

 

France 6.0%

 

 

 

 

 

 

 

 

 

April Group (Insurance)

 

 

15,800

 

 

 

 

510,325

 

bioMerieux (Health Care Equipment and Supplies)

 

 

5,203

 

 

 

 

405,399

 

Cegedim (Health Care Technology)

 

 

4,480

 

 

 

 

182,100

 

Etablissements Maurel et Prom (Oil, Gas and Consumable Fuels)

 

 

41,937

 

 

 

 

394,549

 

Eurofins Scientific* (Life Sciences Tools and Services)

 

 

11,878

 

 

 

 

538,749

 

Korian* (Health Care Providers and Services)

 

 

26,173

 

 

 

 

602,518

 

Rhodia (Chemicals)

 

 

66,244

 

 

 

 

296,752

 

Seche Environnement (Commercial Services and Supplies)

 

 

7,333

 

 

 

 

412,231

 

Sechilienne-Sidec (Independent Power Producers and Energy Traders)

 

 

21,461

 

 

 

 

799,519

 

Vilmorin & Cie (Food Products)

 

 

6,522

 

 

 

 

724,624

 

Virbac (Pharmaceuticals)

 

 

7,216

 

 

 

 

493,672

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5,360,438

 

 

 

 

 

 

 

 

 

Germany 1.2%

 

 

 

 

 

 

 

 

 

ElringKlinger (Auto Components)

 

 

38,115

 

 

 

 

339,499

 

Kontron* (Semiconductors and Semiconductor Equipment)

 

 

62,651

 

 

 

 

530,439

 

Praktiker Bau- und Heimwerkermaerkte Holding* (Specialty Retail)

 

 

34,608

 

 

 

 

257,722

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,127,660

 

 

 

 

 

 

 

 

 

Hong Kong 0.4%

 

 

 

 

 

 

 

 

 

Huabao International Holdings (Chemicals)

 

 

519,000

 

 

 

 

332,191

 

 

 

 

 

 

 

 

 

Italy 1.1%

 

 

 

 

 

 

 

 

 

DiaSorin* (Health Care Equipment and Supplies)

 

 

40,057

 

 

 

 

727,624

 

Immobiliare Grande Distribuzione (Real Estate Investment Trusts)

 

 

180,747

 

 

 

 

251,415

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

979,039

 

 

 

 

 

 

 

 

 

Japan 18.0%

 

 

 

 

 

 

 

 

 

Aeon Delight (Commercial Services and Supplies)

 

 

15,600

 

 

 

 

338,229

 

Air Water (Chemicals)

 

 

39,000

 

 

 

 

309,703

 

Amada (Machinery)

 

 

55,000

 

 

 

 

261,080

 

Asics (Textiles, Apparel and Luxury Goods)

 

 

63,000

 

 

 

 

466,074

 

Capcom (Software)

 

 

18,600

 

 

 

 

331,874

 

Disco (Semiconductors and Semiconductor Equipment)

 

 

10,400

 

 

 

 

252,614

 

EPS (Life Sciences Tools and Services)

 

 

192

 

 

 

 

817,837

 

Fuji Oil (Food Products)

 

 

26,300

 

 

 

 

324,683

 

Hitachi Metals (Metals and Mining)

 

 

79,000

 

 

 

 

396,817

 

Hogy Medical (Health Care Equipment and Supplies)

 

 

6,000

 

 

 

 

359,122

 

Hudson Soft (Software)

 

 

34,600

 

 

 

 

483,171

 

Iino Kaiun Kaisha (Marine)

 

 

91,800

 

 

 

 

570,514

 

Jafco (Capital Markets)

 

 

20,600

 

 

 

 

402,864

 

Japan Pure Chemical (Chemicals)

 

 

92

 

 

 

 

196,102

 

Kobayashi Pharmaceutical (Personal Products)

 

 

13,900

 

 

 

 

523,029

 

KOSE (Personal Products)

 

 

14,700

 

 

 

 

319,737

 

Kureha (Chemicals)

 

 

57,000

 

 

 

 

273,251

 

Milbon (Personal Products)

 

 

19,300

 

 

 

 

488,438

 

Miura (Machinery)

 

 

15,000

 

 

 

 

343,336

 

Mori Seiki (Machinery)

 

 

34,500

 

 

 

 

271,022

 

 

 

 

 

 

 

 

 

 

 

Moshi Moshi Hotline (Commercial Services and Supplies)

 

 

30,000

 

 

 

 

654,857

 

Nabtesco (Machinery)

 

 

57,000

 

 

 

 

346,100

 

Nippon Electric Glass (Electronic Equipment, Instruments and Components)

 

 

26,000

 

 

 

 

169,757

 

OBIC (IT Services)

 

 

3,540

 

 

 

 

551,151

 

OBIC Business Consultants (Software)

 

 

19,400

 

 

 

 

753,117

 

Osaka Securities Exchange (Diversified Financial Services)

 

 

149

 

 

 

 

678,024

 

Point* (Specialty Retail)

 

 

11,650

 

 

 

 

519,284

 

SEC Carbon (Electrical Equipment)

 

 

48,000

 

 

 

 

162,480

 

Seven Bank (Commercial Banks)

 

 

95

 

 

 

 

286,682

 

Shinko Electric Industries (Semiconductors and Semiconductor Equipment)

 

 

24,000

 

 

 

 

201,973

 

Shinko Plantech (Energy Equipment and Services)

 

 

138,600

 

 

 

 

1,055,642

 

Sugi Holdings (Food and Staples Retailing)

 

 

17,600

 

 

 

 

411,999

 

Sundrug (Food and Staples Retailing)

 

 

14,400

 

 

 

 

329,694

 

Sysmex (Health Care Equipment and Supplies)

 

 

12,400

 

 

 

 

371,461

 

Tokyo Ohka Kogyo (Chemicals)

 

 

11,800

 

 

 

 

187,206

 

Toyo Engineering (Construction and Engineering)

 

 

140,000

 

 

 

 

452,147

 

Tsumura (Pharmaceuticals)

 

 

16,300

 

 

 

 

535,847

 

Unicharm Petcare (Food Products)

 

 

18,400

 

 

 

 

609,405

 

Yokogawa Electric (Electronic Equipment, Instruments and Components)

 

 

42,700

 

 

 

 

193,144

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

16,199,467

 

 

 

 

 

 

 

 

 

Liechtenstein 0.3%

 

 

 

 

 

 

 

 

 

Verwaltungs- und Privat-Bank (Capital Markets)

 

 

2,523

 

 

 

 

255,070

 

 

 

 

 

 

 

 

 

Malaysia 0.9%

 

 

 

 

 

 

 

 

 

Asiatic Development (Food Products)

 

 

420,500

 

 

 

 

450,798

 

Kulim (Malaysia) (Food Products)

 

 

253,600

 

 

 

 

341,880

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

792,678

 

 

 

 

 

 

 

 

 

Netherlands 1.4%

 

 

 

 

 

 

 

 

 

ASM Pacific Technology (Semiconductors and Semiconductor Equipment)

 

 

110,900

 

 

 

 

338,719

 

Imtech (Construction and Engineering)

 

 

27,050

 

 

 

 

418,681

 

Smit Internationale (Transportation Infrastructure)

 

 

6,429

 

 

 

 

299,711

 

Spazio Investment* (Real Estate Management and Development)

 

 

53,708

 

 

 

 

214,533

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,271,644

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Norway 1.3%

 

 

 

 

 

 

 

 

 

DNO* (Oil, Gas and Consumable Fuels)

 

 

376,000

 

 

 

 

235,600

 

Korgsberg Gruppen (Aerospace and Defense)

 

 

22,630

 

 

 

 

972,452

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,208,052

 

 

 

 

 

 

 

 

 

Panama 0.1%

 

 

 

 

 

 

 

 

 

Thunderbird Resorts* (Hotets, Restaurants and Leisure)

 

 

87,100

 

 

 

 

130,650

 

 

 

 

 

 

 

 

 

Papua New Guinea 0.5%

 

 

 

 

 

 

 

 

 

New Britain Palm Oil (Food Products)

 

 

125,522

 

 

 

 

409,605

 

 

 

 

 

 

 

 

 

Philippines 0.3%

 

 

 

 

 

 

 

 

 

PNOC Energy Development (Independent Power Producers and Energy Traders)

 

 

6,729,000

 

 

 

 

303,269

 

 

 

 

 

 

 

 

 

Singapore 0.9%

 

 

 

 

 

 

 

 

 

Goodpack* (Air Freight and Logistics)

 

 

659,000

 

 

 

 

339,298

 

Hyflux (Water Utilities)

 

 

435,000

 

 

 

 

506,463

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

845,761

 

 

 

 

 

 

 

 

 

South Korea 1.1%

 

 

 

 

 

 

 

 

 

Korea Plant Service & Engineering (Commercial Services and Supplies)

 

 

21,940

 

 

 

 

417,671

 

MegaStudy (Diversified Consumer Services)

 

 

2,842

 

 

 

 

343,134

 

Mirae Asset Securities (Capital Markets)

 

 

4,472

 

 

 

 

238,237

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

999,042

 

 

 

 

 

 

 

 

 

Spain 0.8%

 

 

 

 

 

 

 

 

 

Grifols (Biotechnology)

 

 

20,128

 

 

 

 

354,338

 

Laboratorios Almirall (Pharmaceuticals)

 

 

40,490

 

 

 

 

338,095

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

692,433

 

 

 

 

 

 

 

 

 

Sweden 0.5%

 

 

 

 

 

 

 

 

 

Lundin Petroleum* (Oil, Gas and Consumable Fuels)

 

 

47,153

 

 

 

 

232,461

 

SWECO* (Construction and Engineering)

 

 

50,804

 

 

 

 

231,999

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

464,460

 

 

 

 

 

 

 

 

 

Switzerland 2.5%

 

 

 

 

 

 

 

 

 

Bachem Holding (Life Sciences Tools and Services)

 

 

3,747

 

 

 

 

244,664

 

Dufry Group* (Specialty Retail)

 

 

38,705

 

 

 

 

628,675

 

Paris RE Holdings* (Insurance)

 

 

26,918

 

 

 

 

406,519

 

Temenos Group* (Software)

 

 

56,632

 

 

 

 

496,366

 

Valiant Holding (Commercial Banks)

 

 

2,854

 

 

 

 

496,236

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,272,460

 

 

 

 

 

 

 

 

 

United Kingdom 7.6%

 

 

 

 

 

 

 

 

 

ASOS* (Internet and Catalog Retail)

 

 

71,068

 

 

 

 

280,598

 

Babcock International Group (Commercial Services and Supplies)

 

 

125,982

 

 

 

 

922,821

 

Chemring Group (Aerospace and Defense)

 

 

11,718

 

 

 

 

390,869

 

Domino’s Pizza UK & IRL (Hotels, Restaurants and Leisure)

 

 

129,296

 

 

 

 

401,973

 

Hampson Industries (Aerospace and Defense)

 

 

306,583

 

 

 

 

368,408

 

Hamworthy KSE (Machinery)

 

 

46,220

 

 

 

 

140,756

 

IG Group Holdings (Diversified Financial Services)

 

 

80,018

 

 

 

 

336,432

 

Infinity Bio-Energy* (Oil, Gas and Consumable Fuels)

 

 

378,014

 

 

 

 

13,230

 

James Fisher & Sons (Oil, Gas and Consumable Fuels)

 

 

46,509

 

 

 

 

242,544

 

Lancashire Holdings* (Insurance)

 

 

52,539

 

 

 

 

346,363

 

Mears Group (Commercial Services and Supplies)

 

 

203,193

 

 

 

 

808,435

 

N Brown Group (Internet and Catalog Retail)

 

 

79,455

 

 

 

 

223,933

 

Rightmove (Media)

 

 

55,677

 

 

 

 

135,737

 

RPS Group (Commercial Services and Supplies)

 

 

98,831

 

 

 

 

194,513

 

Senior (Machinery)

 

 

478,529

 

 

 

 

204,212

 

Ultra Electronics Holdings (Aerospace and Defense)

 

 

43,459

 

 

 

 

732,478

 

VT Group (Aerospace and Defense)

 

 

95,532

 

 

 

 

824,497

 

Wellstream Holdings* (Energy Equipment and Services)

 

 

40,938

 

 

 

 

282,243

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6,850,042

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States 40.0%

 

 

 

 

 

 

 

 

 

Akamai Technologies* (Internet Software and Services)

 

 

22,500

 

 

 

 

303,300

 

AMCOL International (Metals and Mining)

 

 

16,000

 

 

 

 

231,840

 

Ameron International (Building Products)

 

 

6,700

 

 

 

 

333,995

 

AmSurg* (Health Care Providers and Services)

 

 

25,750

 

 

 

 

504,442

 

Anworth Mortgage Asset (Real Estate Investment Trusts)

 

 

116,800

 

 

 

 

724,160

 

Applied Industrial Technologies (Trading Companies and Distributors)

 

 

14,000

 

 

 

 

221,060

 

AptarGroup (Containers and Packaging)

 

 

9,500

 

 

 

 

292,790

 

Arena Pharmaceuticals* (Biotechnology)

 

 

133,000

 

 

 

 

550,620

 

Ariba* (Internet Software and Services)

 

 

26,700

 

 

 

 

203,988

 

ARRIS Group* (Communications Equipment)

 

 

73,500

 

 

 

 

523,320

 

Asyst Technologies* (Semiconductors and Semiconductor Equipment)

 

 

213,800

 

 

 

 

57,726

 

ATP Oil & Gas* (Oil, Gas and Consumable Fuels)

 

 

60,500

 

 

 

 

270,435

 

BPZ Resources* (Oil, Gas and Consumable Fuels)

 

 

55,700

 

 

 

 

320,832

 

Cano Petroleum* (Oil, Gas and Consumable Fuels)

 

 

99,200

 

 

 

 

61,504

 

Capstead Mortgage (Real Estate Investment Trusts)

 

 

62,300

 

 

 

 

664,741

 

Carlisle Companies (Industrial Conglomerates)

 

 

17,000

 

 

 

 

317,390

 

Carpenter Technology (Metals and Mining)

 

 

21,200

 

 

 

 

349,800

 

Cato (Class A) (Specialty Retail)

 

 

32,800

 

 

 

 

433,944

 

Centene* (Health Care Providers and Services)

 

 

30,000

 

 

 

 

531,900

 

Centennial Communications* (Wireless Telecommunication Services)

 

 

51,300

 

 

 

 

419,634

 

Ceradyne* (Aerospace and Defense)

 

 

11,500

 

 

 

 

262,430

 

Cimarex Energy (Oil, Gas and Consumable Fuels)

 

 

8,000

 

 

 

 

198,720

 

Circor International (Machinery)

 

 

13,500

 

 

 

 

300,375

 

CRA International* (Professional Services)

 

 

15,500

 

 

 

 

325,655

 

Crane (Machinery)

 

 

19,000

 

 

 

 

330,980

 

Cubic (Aerospace and Defense)

 

 

18,500

 

 

 

 

502,460

 

Dollar Financial* (Consumer Finance)

 

 

64,500

 

 

 

 

506,325

 

DSP Group* (Semiconductors and Semiconductor Equipment)

 

 

84,000

 

 

 

 

546,840

 

DSW* (Specialty Retail)

 

 

37,100

 

 

 

 

370,258

 

Duff & Phelps (Class A)* (Professional Services)

 

 

17,900

 

 

 

 

255,791

 

Dynamic Materials (Machinery)

 

 

20,000

 

 

 

 

242,800

 

Eddie Bauer Holdings* (Specialty Retail)

 

 

154,100

 

 

 

 

115,575

 

EF Johnson Technologies* (Communications Equipment)

 

 

84,400

 

 

 

 

103,812

 

EMCOR Group* (Construction and Engineering)

 

 

22,000

 

 

 

 

452,980

 

Energy Partners* (Oil, Gas and Consumable Fuels)

 

 

55,100

 

 

 

 

63,916

 

Evercore Partners (Capital Markets)

 

 

21,700

 

 

 

 

243,691

 

FairPoint Communications (Diversified Telecommunication Services)

 

 

183,500

 

 

 

 

500,955

 

Flowers Foods (Food Products)

 

 

13,500

 

 

 

 

290,115

 

Force Protection (Machinery)

 

 

59,400

 

 

 

 

356,994

 

GeoEye* (Commercial Services and Supplies)

 

 

23,000

 

 

 

 

396,750

 

Grubb & Ellis* (Real Estate Management and Development)

 

 

242,600

 

 

 

 

152,838

 

H&E Equipment Services (Trading Companies and Distributors)

 

 

61,200

 

 

 

 

408,204

 

Harris Stratex Networks* (Communications Equipment)

 

 

80,400

 

 

 

 

554,760

 

Hatteras Financial* (Real Estate Investment Trusts)

 

 

21,900

 

 

 

 

541,368

 

Hercules Offshore* (Energy Equipment and Services)

 

 

79,400

 

 

 

 

295,368

 

Hersha Hospitality Trust (Real Estate Investment Trusts)

 

 

119,000

 

 

 

 

289,170

 

Highbury Financial* (Diversified Financial Services)

 

 

18,300

 

 

 

 

36,509

 

Highbury Financial (Units)* (Diversified Financial Services)

 

 

67,000

 

 

 

 

140,700

 

Imation (Computers and Peripherals)

 

 

37,100

 

 

 

 

361,354

 

Incyte* (Biotechnology)

 

 

154,100

 

 

 

 

451,513

 

Investors Real Estate Trust (Real Estate Investment Trusts)

 

 

39,900

 

 

 

 

397,005

 

JDA Software Group (Software)

 

 

40,400

 

 

 

 

452,480

 

Kansas City Life Insurance (Insurance)

 

 

12,400

 

 

 

 

392,708

 

Knot* (Internet Software and Services)

 

 

62,728

 

 

 

 

431,569

 

Lance (Food Products)

 

 

26,800

 

 

 

 

504,644

 

LHC Group* (Health Care Providers and Services)

 

 

12,000

 

 

 

 

319,320

 

MAXIMUS (IT Services)

 

 

11,500

 

 

 

 

427,340

 

Medicines* (Pharmaceuticals)

 

 

31,700

 

 

 

 

405,760

 

Mednax* (Health Care Providers and Services)

 

 

15,500

 

 

 

 

520,335

 

MFA Mortgage Investments (Real Estate Investment Trusts)

 

 

123,000

 

 

 

 

704,790

 

Micrus Endovascular* (Health Care Equipment and Supplies)

 

 

39,000

 

 

 

 

439,920

 

NBTY* (Personal Products)

 

 

26,000

 

 

 

 

490,620

 

NETGEAR* (Communications Equipment)

 

 

41,000

 

 

 

 

455,920

 

Novatel Wireless* (Computers and Peripherals)

 

 

124,700

 

 

 

 

690,838

 

Odyssey HealthCare* (Health Care Providers and Services)

 

 

50,700

 

 

 

 

502,944

 

OfficeMax (Specialty Retail)

 

 

73,000

 

 

 

 

402,230

 

Oilsands Quest* (Oil, Gas and Consumable Fuels)

 

 

209,400

 

 

 

 

203,118

 

Oilsands Quest ($6.75, expiring 12/5/09)* (Oil, Gas and Consumable Fuels)

 

 

11,750

 

wts.

 

 

1,058

 

Orion Marine Group*† (Construction and Engineering)

 

 

55,900

 

shs.

 

 

553,410

 

OSI Systems* (Electronic Equipment, Instruments and Components)

 

 

34,300

 

 

 

 

501,809

 

Park Electrochemical (Electronic Equipment, Instruments and Components)

 

 

18,300

 

 

 

 

321,165

 

ParkerVision* (Communications Equipment)

 

 

57,000

 

 

 

 

102,030

 

Platinum Underwriters Holdings (Insurance)

 

 

16,980

 

 

 

 

472,214

 

PMC - Sierra (Semiconductors and Semiconductor Equipment)

 

 

63,700

 

 

 

 

310,219

 

Portland General Electric (Electric Utilities)

 

 

19,000

 

 

 

 

369,550

 

Quidel* (Health Care Equipment and Supplies)

 

 

36,500

 

 

 

 

448,950

 

RAM Holdings* (Insurance)

 

 

54,400

 

 

 

 

26,656

 

Regis (Diversified Consumer Services)

 

 

44,100

 

 

 

 

496,125

 

Rentech* (Oil, Gas and Consumable Fuels)

 

 

311,900

 

 

 

 

215,211

 

Rentech ($2.49, expiring 12/10/09)* (Oil, Gas and Consumable Fuels)

 

 

7,000

 

wts.

 

 

650

 

Res-Care* (Health Care Providers and Services)

 

 

36,000

 

shs.

 

 

487,800

 

Retail Ventures* (Multiline Retail)

 

 

115,700

 

 

 

 

276,523

 

Rigel Pharmaceuticals* (Biotechnology)

 

 

59,154

 

 

 

 

413,486

 

RSC Holdings* (Trading Companies and Distributors)

 

 

48,500

 

 

 

 

344,350

 

Rudolph Technologies* (Semiconductors and Semiconductor Equipment)

 

 

85,100

 

 

 

 

239,131

 

SeaChange International* (Communications Equipment)

 

 

58,700

 

 

 

 

347,504

 

Shutterfly* (Internet and Catalog Retail)

 

 

74,800

 

 

 

 

494,428

 

SRA International* (IT Services)

 

 

15,000

 

 

 

 

244,950

 

Swift Energy* (Oil, Gas and Consumable Fuels)

 

 

20,500

 

 

 

 

314,060

 

TAL International Group* (Trading Companies and Distributors)

 

 

36,000

 

 

 

 

377,280

 

Tellabs* (Communications Equipment)

 

 

81,000

 

 

 

 

334,530

 

Textainer Group Holdings* (Trading Companies and Distributors)

 

 

43,500

 

 

 

 

378,014

 

Titanium Asset Management* (Capital Markets)

 

 

95,000

 

 

 

 

498,750

 

Titanium Asset Management ($4, expiring 6/21/11)* (Capital Markets)

 

 

95,000

 

wts.

 

 

133,228

 

TTM Technologies* (Electronic Equipment, Instruments and Components)

 

 

65,800

 

shs.

 

 

396,774

 

Unisource Energy (Electric Utilities)

 

 

12,500

 

 

 

 

353,000

 

Universal Stainless & Alloy Products* (Metals and Mining)

 

 

17,000

 

 

 

 

246,500

 

W&T Offshore (Oil, Gas and Consumable Fuels)

 

 

18,500

 

 

 

 

232,545

 

Waddell & Reed Financial (Capital Markets)

 

 

15,000

 

 

 

 

211,800

 

World Acceptance* (Consumer Finance)

 

 

31,000

 

 

 

 

593,650

 

Zebra Technologies (Class A)* (Office Electronics)

 

 

20,500

 

 

 

 

345,015

 

Zygo* (Electronic Equipment, Instruments and Components)

 

 

41,904

 

 

 

 

239,691

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

35,980,224

 

 

 

 

 

 

 

 

 

Total Common Stocks

 

 

 

 

 

 

 

84,622,319

 

 

 

 

 

 

 

 

 

Convertible Bonds 0.4%

 

 

 

 

 

 

 

 

 

Canada 0.2%

 

 

 

 

 

 

 

 

 

Scorpio Mining 7%, 5/5/11 (Metals and Mining)

 

$

238,400

 

 

 

 

141,193

 

 

 

 

 

 

 

 

 

 

 

United States 0.2%

 

 

 

 

 

 

 

 

 

Nova Biosource Fuels 10%, 9/30/12 (Oil, Gas and Consumable Fuels)

 

 

1,032,000

 

 

 

 

211,560

 

 

 

 

 

 

 

 

 

Total Convertible Bonds

 

 

 

 

 

 

 

352,753

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Investments 94.4%

 

 

 

 

 

 

 

84,975,072

 

Other Assets Less Liabilities 5.6%

 

 

 

 

 

 

 

5,055,552

 

 

 

 

 

 

 

 

 

Net Assets 100.0%

 

 

 

 

 

 

$

90,030,624

 

 

 

 

 

 

 

 

 


Seligman Global Technology Fund
January 31, 2009

 

 

 

 

 

 

 

 

 

 

 

 

Shares

 

 

 

Value

 

 

 

 

 

 

 

Common Stocks 91.7%

 

 

 

 

 

 

 

 

 

Australia 0.0%

 

 

 

 

 

 

 

 

 

UCMS Group (Office Services and Supplies)

 

 

143,278

 

 

 

$

39,602

 

 

 

 

 

 

 

 

 

Canada 3.5%

 

 

 

 

 

 

 

 

 

Open Text* (Internet Software and Services)

 

 

201,000

 

 

 

 

7,041,030

 

 

 

 

 

 

 

 

 

China 1.9%

 

 

 

 

 

 

 

 

 

Perfect World (Class B) (ADR)* (Home Entertainment Software)

 

 

80,500

 

 

 

 

1,192,205

 

Shanda Interactive Entertainment (ADR)* (Home Entertainment Software)

 

 

55,619

 

 

 

 

1,618,513

 

VanceInfo Technologies (ADR)* (Application Software)

 

 

219,100

 

 

 

 

1,029,770

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,840,488

 

 

 

 

 

 

 

 

 

France 1.6%

 

 

 

 

 

 

 

 

 

Ingenico (Electronic Equipment and Instruments)

 

 

107,335

 

 

 

 

1,783,384

 

UbiSoft Entertainment* (Home Entertainment Software)

 

 

99,215

 

 

 

 

1,405,744

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,189,128

 

 

 

 

 

 

 

 

 

India 0.5%

 

 

 

 

 

 

 

 

 

Rolta India (IT Consulting and Other Services)

 

 

490,267

 

 

 

 

925,107

 

 

 

 

 

 

 

 

 

Israel 9.9%

 

 

 

 

 

 

 

 

 

Check Point Software Technologies* (Systems Software)

 

 

763,616

 

 

 

 

17,311,176

 

NICE Systems (ADR)* (Communications Equipment)

 

 

164,374

 

 

 

 

3,154,337

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

20,465,513

 

 

 

 

 

 

 

 

 

Japan 2.1%

 

 

 

 

 

 

 

 

 

Murata Manufacturing (Electronic Components)

 

 

38,900

 

 

 

 

1,459,411

 

Nidec (Electronic Components)

 

 

37,600

 

 

 

 

1,777,789

 

Sumco (Semiconductors)

 

 

74,200

 

 

 

 

955,660

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,192,860

 

 

 

 

 

 

 

 

 

Netherlands 0.7%

 

 

 

 

 

 

 

 

 

Koninklijke (Royal) KPN (Integrated Telecommunication Services)

 

 

105,900

 

 

 

 

1,414,443

 

 

 

 

 

 

 

 

 

South Korea 0.5%

 

 

 

 

 

 

 

 

 

LG.Philips LCD* (Electronic Components)

 

 

55,400

 

 

 

 

1,061,386

 

 

 

 

 

 

 

 

 

Taiwan 2.6%

 

 

 

 

 

 

 

 

 

Acer (Computer Hardware)

 

 

2,351,170

 

 

 

 

2,947,363

 

GigaMedia* (Internet Software and Services)

 

 

80,700

 

 

 

 

530,199

 

High Tech Computer (Computer Hardware)

 

 

201,000

 

 

 

 

1,916,427

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5,393,989

 

 

 

 

 

 

 

 

 

United Kingdom 0.3%

 

 

 

 

 

 

 

 

 

Vodaphone Group (ADR) (Wireless Telecommunication Services)

 

 

27,509

 

 

 

 

511,392

 

 

 

 

 

 

 

 

 

United States 68.1%

 

 

 

 

 

 

 

 

 

Akamai Technologies* (Internet Software and Services)

 

 

39,000

 

 

 

 

525,720

 

Amdocs* (IT Consulting and Other Services)

 

 

687,400

 

 

 

 

11,630,809

 

Apple* (Computer Hardware)

 

 

48,100

 

 

 

 

4,335,253

 

Ariba* (Internet Software and Services)

 

 

151,600

 

 

 

 

1,158,224

 

Aspen Technology (Application Software)

 

 

244,599

 

 

 

 

1,638,813

 

Avnet* (Technology Distributors)

 

 

192,714

 

 

 

 

3,819,591

 

BMC Software* (Systems Software)

 

 

489,508

 

 

 

 

12,399,238

 

Cadence Design Systems* (Technical Software)

 

 

492,900

 

 

 

 

1,863,162

 

Cisco Systems* (Communications Equipment)

 

 

397,800

 

 

 

 

5,955,066

 

Electronics for Imaging* (Computer Storage and Peripherals)

 

 

129,200

 

 

 

 

1,148,588

 

EMC* (Computer Storage and Peripherals)

 

 

648,000

 

 

 

 

7,153,920

 

Hewlett-Packard (Computer Hardware)

 

 

148,800

 

 

 

 

5,170,800

 

International Business Machines (Computer Hardware)

 

 

29,402

 

 

 

 

2,694,693

 

Lawson Software* (Application Software)

 

 

181,800

 

 

 

 

767,196

 

Magma Design Automation* (Technical Software)

 

 

249,600

 

 

 

 

287,040

 

Marvell Technology Group* (Semiconductors)

 

 

1,216,827

 

 

 

 

8,870,669

 

McAfee* (Internet Software and Services)

 

 

479,013

 

 

 

 

14,605,106

 

Mentor Graphics (Application Software)

 

 

544,291

 

 

 

 

2,536,396

 

Microsoft (Systems Software)

 

 

81,500

 

 

 

 

1,393,650

 

NetApp* (Computer Storage and Peripherals)

 

 

533,400

 

 

 

 

7,910,322

 

Parametric Technology* (Application Software)

 

 

219,600

 

 

 

 

1,976,400

 

PerkinElmer (Life Sciences Tools and Services)

 

 

12,600

 

 

 

 

159,012

 

QUALCOMM (Communications Equipment)

 

 

212,600

 

 

 

 

7,345,330

 

Riverbed Technology* (Communications Equipment)

 

 

296,200

 

 

 

 

3,006,430

 

SonicWALL* (Internet Software and Services)

 

 

406,600

 

 

 

 

1,431,232

 

Symantec* (Internet Software and Services)

 

 

806,400

 

 

 

 

12,362,112

 

Synopsys* (Technical Software)

 

 

772,400

 

 

 

 

14,289,400

 

Varian Medical Systems* (Health Care Equipment)

 

 

8,700

 

 

 

 

323,031

 

VeriSign* (Internet Software and Services)

 

 

39,500

 

 

 

 

762,745

 

Yahoo!* (Internet Software and Services)

 

 

108,400

 

 

 

 

1,271,532

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

138,791,480

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Investments 91.7%

 

 

 

 

 

 

 

186,866,418

 

Other Assets Less Liabilities 8.3%

 

 

 

 

 

 

 

16,833,831

 

 

 

 

 

 

 

 

 

Net Assets 100.0%

 

 

 

 

 

 

$

203,700,249

 

 

 

 

 

 

 

 

 


Seligman International Growth Fund
January 31, 2009

 

 

 

 

 

 

 

 

 

 

 

 

Shares

 

 

 

Value

 

 

 

 

 

 

 

Common Stocks 95.3%

 

 

 

 

 

 

 

 

 

Belgium 0.9%

 

 

 

 

 

 

 

 

 

Hansen Transmissions International* (Machinery)

 

 

217,654

 

 

 

$

334,803

 

 

 

 

 

 

 

 

 

Brazil 3.4%

 

 

 

 

 

 

 

 

 

Companhia Vale do Rio Doce “CVRD” (ADR) (Metals and Mining)

 

 

43,800

 

 

 

 

618,018

 

Petroleo Brasileiro “Petrobras” (ADR) (Oil, Gas and Consumable Fuels)

 

 

23,100

 

 

 

 

605,220

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,223,238

 

 

 

 

 

 

 

 

 

Canada 8.3%

 

 

 

 

 

 

 

 

 

Barrick Gold (Metals and Mining)

 

 

20,900

 

 

 

 

783,541

 

Canadian Natural Resources (Oil, Gas and Consumable Fuels)

 

 

13,000

 

 

 

 

465,297

 

EnCana (Oil, Gas and Consumable Fuels)

 

 

7,100

 

 

 

 

315,961

 

Potash Corporation of Saskatchewan (Chemicals)

 

 

7,500

 

 

 

 

561,450

 

Research In Motion* (Communications Equipment)

 

 

15,800

 

 

 

 

875,320

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,001,569

 

 

 

 

 

 

 

 

 

China 1.4%

 

 

 

 

 

 

 

 

 

Baidu.com (ADR)* (Internet Software and Services)

 

 

2,600

 

 

 

 

334,802

 

LDK Solar (ADR)* (Semiconductors and Semiconductor Equipment)

 

 

14,900

 

 

 

 

180,290

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

515,092

 

 

 

 

 

 

 

 

 

Denmark 0.3%

 

 

 

 

 

 

 

 

 

Vestas Wind Systems (Electrical Equipment)

 

 

1,906

 

 

 

 

92,158

 

 

 

 

 

 

 

 

 

Finland 0.4%

 

 

 

 

 

 

 

 

 

Fortum (Electric Utilities)

 

 

7,253

 

 

 

 

141,600

 

 

 

 

 

 

 

 

 

France 8.2%

 

 

 

 

 

 

 

 

 

BNP Paribas (Commercial Banks)

 

 

2,403

 

 

 

 

92,067

 

Ipsen (Pharmaceuticals)

 

 

4,714

 

 

 

 

184,765

 

Neopost (Office Electronics)

 

 

3,019

 

 

 

 

243,390

 

Sanofi-Aventis (Pharmaceuticals)

 

 

16,239

 

 

 

 

914,590

 

Total (Oil, Gas and Consumable Fuels)

 

 

15,923

 

 

 

 

796,496

 

Vallourec (Machinery)

 

 

3,608

 

 

 

 

354,941

 

Vivendi Universal (Media)

 

 

14,262

 

 

 

 

368,214

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,954,463

 

 

 

 

 

 

 

 

 

Germany 11.6%

 

 

 

 

 

 

 

 

 

Allianz (Insurance)

 

 

6,886

 

 

 

 

579,549

 

Beiersdorf (Personal Products)

 

 

5,409

 

 

 

 

264,998

 

Fresenius Medical (Health Care Providers and Services)

 

 

11,110

 

 

 

 

498,553

 

Merck KGaA (Pharmaceuticals)

 

 

973

 

 

 

 

82,652

 

Metro (Food and Staples Retailing)

 

 

13,679

 

 

 

 

498,284

 

Muenchener Rueckversicherungs-Gesellschaft* (Insurance)

 

 

3,860

 

 

 

 

513,279

 

Qiagen* (Life Sciences Tools and Services)

18,900

323,772

Salzgitter (Metals and Mining)

 

 

5,400

 

 

 

 

392,093

 

SAP (Software)

 

 

12,954

 

 

 

 

460,018

 

Siemens (Industrial Conglomerates)

 

 

10,515

 

 

 

 

589,491

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,202,689

 

 

 

 

 

 

 

 

 

Hong Kong 1.1%

 

 

 

 

 

 

 

 

 

China Mobile (Wireless Telecommunication Services)

 

 

43,500

 

 

 

 

392,412

 

 

 

 

 

 

 

 

 

Israel 2.2%

 

 

 

 

 

 

 

 

 

Teva Pharmaceutical Industries (ADR) (Pharmaceuticals)

 

 

19,600

 

 

 

 

812,420

 

 

 

 

 

 

 

 

 

Japan 15.0%

 

 

 

 

 

 

 

 

 

Denso (Auto Components)

 

 

20,400

 

 

 

 

368,711

 

East Japan Railway (Road and Rail)

 

 

4,300

 

 

 

 

291,349

 

Eisai (Pharmaceuticals)

 

 

4,800

 

 

 

 

175,337

 

Fanuc (Machinery)

 

 

2,300

 

 

 

 

136,445

 

Honda Motor (Automobiles)

 

 

24,900

 

 

 

 

556,677

 

Komatsu (Machinery)

 

 

39,400

 

 

 

 

404,551

 

Mitsui Fudosan (Real Estate Management and Development)

 

 

5,000

 

 

 

 

64,368

 

Mizuho Financial Group (Commercial Banks)

 

 

158,500

 

 

 

 

389,646

 

Nintendo (Software)

 

 

1,900

 

 

 

 

584,501

 

 

 

 

 

 

 

 

 

 

 

Nomura Holdings (Capital Markets)

 

 

53,100

 

 

 

 

342,014

 

Rakuten (Internet and Catalog Retail)

 

 

437

 

 

 

 

256,274

 

Shin Etsu Chemical (Chemicals)

 

 

6,200

 

 

 

 

287,922

 

SoftBank (Wireless Telecommunication Services)

 

 

37,900

 

 

 

 

583,062

 

Tokyo Electron (Semiconductors and Semiconductor Equipment)

 

 

8,300

 

 

 

 

303,341

 

Toshiba (Computers and Peripherals)

 

 

35,000

 

 

 

 

121,543

 

Uni-Charm (Household Products)

 

 

5,700

 

 

 

 

391,086

 

Yahoo! Japan (Internet Software and Services)

 

 

558

 

 

 

 

177,345

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5,434,172

 

 

 

 

 

 

 

 

 

Netherlands 5.7%

 

 

 

 

 

 

 

 

 

Ahold* (Food and Staples Retailing)

 

 

52,815

 

 

 

 

635,124

 

ASML Holding* (Semiconductors and Semiconductor Equipment)

 

 

23,116

 

 

 

 

384,111

 

Koninklijke (Royal) KPN (Diversified Telecommunication Services)

 

 

66,990

 

 

 

 

894,745

 

Unilever (Food Products)

 

 

7,655

 

 

 

 

168,926

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,082,906

 

 

 

 

 

 

 

 

 

Norway 0.9%

 

 

 

 

 

 

 

 

 

Renewable Energy (Electrical Equipment)

 

 

33,600

 

 

 

 

336,685

 

 

 

 

 

 

 

 

 

Spain 0.8%

 

 

 

 

 

 

 

 

 

Industria de Diseno Textil (Specialty Retail)

 

 

7,918

 

 

 

 

302,294

 

 

 

 

 

 

 

 

 

Sweden 2.1%

 

 

 

 

 

 

 

 

 

Hennes & Mauritz (Specialty Retail)

 

 

4,815

 

 

 

 

185,877

 

Swedish Match* (Tobacco)

 

 

13,356

 

 

 

 

180,440

 

Telefonaktiebolaget LM Ericsson (B Shares) (Communications Equipment)

 

 

47,167

 

 

 

 

376,687

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

743,004

 

 

 

 

 

 

 

 

 

Switzerland 8.1%

 

 

 

 

 

 

 

 

 

ABB* (Electrical Equipment)

 

 

29,315

 

 

 

 

381,072

 

Actelion* (Biotechnology)

 

 

8,641

 

 

 

 

470,184

 

Barry Callebaut (Food Products)

 

 

108

 

 

 

 

48,677

 

Julius Baer Holding (Capital Markets)

 

 

8,928

 

 

 

 

265,237

 

Nestle (Food Products)

 

 

12,555

 

 

 

 

434,079

 

Roche Holding (Pharmaceuticals)

 

 

4,904

 

 

 

 

689,533

 

Syngenta (Chemicals)

 

 

534

 

 

 

 

103,342

 

UBS (Capital Markets)

 

 

41,475

 

 

 

 

521,549

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,913,673

 

 

 

 

 

 

 

 

 

United Kingdom 24.0%

 

 

 

 

 

 

 

 

 

ARM Holdings (Semiconductors and Semiconductor Equipment)

 

 

288,846

 

 

 

 

384,449

 

AstraZeneca (Pharmaceuticals)

 

 

9,853

 

 

 

 

381,843

 

Autonomy* (Software)

 

 

43,533

 

 

 

 

688,673

 

BHP Billiton (Metals and Mining)

 

 

37,212

 

 

 

 

634,105

 

BP (Oil, Gas and Consumable Fuels)

 

 

46,489

 

 

 

 

330,458

 

British American Tobacco (Tobacco)

 

 

19,498

 

 

 

 

536,076

 

Capita Group (Professional Services)

 

 

55,482

 

 

 

 

561,745

 

easyJet* (Airlines)

 

 

164,379

 

 

 

 

712,933

 

Imperial Tobacco Group (Tobacco)

 

 

19,864

 

 

 

 

544,080

 

J Sainsbury (Food and Staples Retailing)

 

 

85,480

 

 

 

 

411,567

 

Michael Page International (Professional Services)

 

 

118,951

 

 

 

 

376,270

 

Reckitt Benckiser Group (Household Products)

 

 

5,654

 

 

 

 

218,781

 

Rio Tinto (Metals and Mining)

 

 

22,597

 

 

 

 

491,171

 

Royal Dutch Shell (Class A) (Oil, Gas and Consumable Fuels)

 

 

36,650

 

 

 

 

920,808

 

Standard Chartered (Commercial Banks)

 

 

32,131

 

 

 

 

406,777

 

Vodafone Group (Wireless Telecommunication Services)

 

 

370,047

 

 

 

 

689,646

 

William Morrison Supermarkets (Food and Staples Retailing)

 

 

101,201

 

 

 

 

396,168

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8,685,550

 

 

 

 

 

 

 

 

 

United States 0.9%

 

 

 

 

 

 

 

 

 

Synthes (Health Care Equipment and Supplies)

 

 

2,682

 

 

 

 

323,976

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Investments 95.3%

 

 

 

 

 

 

 

34,492,704

 

Other Assets Less Liabilities 4.7%

 

 

 

 

 

 

 

1,688,373

 

 

 

 

 

 

 

 

 

Net Assets 100.0%

 

 

 

 

 

 

$

36,181,077

 

 

 

 

 

 

 

 

 

 

 

ADR – American Depositary Receipts.

GDR – Global Depositary Receipts.

*

Non-income producing security.

†

The security may be offered and sold only to “qualified institutional buyers” under Rule 144A of the Securities Act of 1933.


Seligman Global Fund Series, Inc.
Notes to Schedules of Investments (unaudited)
January 31, 2009

 

 

1.

Organization – Seligman Global Fund Series, Inc. (the “Series”) is registered with the Securities and Exchange Commission under the Investment Company Act of 1940, as amended, as an open-end diversified management investment company. The Series consists of five separate Funds: Seligman Emerging Markets Fund (“Emerging Markets Fund”), Seligman Global Growth Fund (“Global Growth Fund”), Seligman Global Smaller Companies Fund (“Global Smaller Companies Fund”), Seligman Global Technology Fund (“Global Technology Fund”), and Seligman International Growth Fund (“International Growth Fund”)  (Note 6).

 

 

2.

Security Valuation – Net asset value per share is calculated at the close of business of the New York Stock Exchange (“NYSE”), normally 4:00 p.m. Eastern time. Securities traded on an exchange are valued at the last sales price on the primary exchange or market on which they are traded. Securities for which there are no recent sales transactions are valued based on quotations provided by primary market makers in such securities. Other securities not listed on an exchange or security market, or securities for which there is no last sales price, are valued at the mean of the most recent bid and asked prices. Notwithstanding these valuation methods, the Funds may adjust the value of securities as described below.

 

 

 

Many securities markets and exchanges outside the United States (“US”) close prior to the close of the NYSE, and therefore, the closing prices for securities in such markets or on such exchanges may not fully reflect events that occur after the local market close but before the close of the NYSE. The Board of Directors has authorized the use of a third party pricing service on a regular basis to recommend adjustments to the local closing prices of certain foreign equity securities. The adjustments are based on a statistical analysis of the historical relationship between the price movements of a security and independent variables such as US market movement, sector movements, movements in the ADR of a security (if any), and movements in country or regional exchange-traded funds or futures contracts. The factors used vary with each security, depending on which factors have been most important historically.

 

 

 

Other securities for which market quotations are not readily available or otherwise no longer valid or reliable are valued at fair value determined in accordance with procedures approved by the Board of Directors. This can occur in the event of, among other things, natural disasters, acts of terrorism, market disruptions, intra-day trading halts, or extreme market volatility. The determination of fair value involves subjective judgments. As a result, using fair value to price a security may result in a price materially different from the prices used by other mutual funds to determine net asset value or the price that may be realized upon the actual sale of the security.

 

 

 

Short-term holdings maturing in 60 days or less are valued at current market quotations or amortized cost if RiverSource Investments, LLC (the “Manager”) believes it approximates fair value. Short-term holdings that mature in more than 60 days are valued at current market quotations until the 60th day prior to maturity and are then valued as described above for securities maturing in 60 days or less.


 

 

 

The books and records of each Fund are maintained in US dollars. The market value of investment securities, other assets, and liabilities denominated in foreign currencies are translated into US dollars at the daily rate of exchange as reported by a pricing service.

 

 

3.

Fair Value Measurements - On November 1, 2008, the Funds adopted Statement of Financial Accounting Standards No. 157 (“SFAS 157”), “Fair Value Measurements.” SFAS 157 establishes a three-tier hierarchy to classify the assumptions, referred to as inputs, used in valuation techniques (see Security Valuation above) to measure fair value of the Funds’ investments and other financial instruments. These inputs are summarized in three broad levels: Level 1 – quoted prices in active markets for identical investments or financial instruments; Level 2 – other significant observable inputs (including quoted prices in inactive markets or for similar investments or financial instruments); and Level 3 – significant unobservable inputs (including the Funds’ own assumptions in determining fair value). Observable inputs are those based on market data obtained from sources independent of the Funds, and unobservable inputs reflect the Funds’ own assumptions based on the best information available. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities.

 

 

 

The following is a summary of the value of the Funds’ investments and other financial instruments as of January 31, 2009 based on the level of inputs used:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Emerging Markets Fund

 

Global Growth Fund

 

Global Smaller Companies Fund

 

 

 

 

 

 

Valuation Inputs

 

Investments

 

Other
Financial
Instruments*

 

Investments

 

Other
Financial
Instruments*

 

Investments

 

Other
Financial
Instruments*

 

 

 

 

 

 

 

 

Level 1 - Quoted Prices in Active          Markets for Identical          Investments or Financial          Instruments

 

$

24,140,244

 

$

0

 

$

10,413,234

 

 $

0

 

$

40,985,686

 

 $

0

 

Level 2 - Other Significant Observable          Inputs

 

 

33,347,984

 

 

418,398

 

 

5,455,261

 

 

(3

)

 

43,834,719

 

 

(1,289

)

Level 3 - Significant Unobservable          Inputs

 

 

0

 

 

0

 

 

0

 

 

0

 

 

154,667

 

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

57,488,228

 

$

418,398

 

$

15,868,495

 

($

3

)

$

84,975,072

 

($

1,289

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Technology Fund

 

International Growth Fund

 

 

 

 

 

Valuation Inputs

 

Investments

 

Other
Financial
Instruments*

 

Investments

 

Other
Financial
Instruments*

 

 

 

 

 

 

Level 1 - Quoted Prices in Active Markets for Identical 
          Investments or Financial Instruments

 

$

171,219,704

 

 $

0

 

$

5,552,319

 

 $

0

 

Level 2 - Other Significant Observable Inputs

 

 

15,646,714

 

 

(11,983

)

 

28,940,385

 

 

(3,984

)

Level 3 - Significant Unobservable Inputs

 

 

0

 

 

0

 

 

0

 

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

186,866,418

 

($

11,983

)

$

34,492,704

 

($

3,984

)

 

 

 

 

 

 

 

* Represents foreign currency contracts and/or forwards, which are not reflected in the Schedules of Investments and which are valued at the net unrealized appreciation (depreciation) on each contract and forward.
 
As required by SFAS 157, the following is a reconciliation of investments for which significant unobservable inputs (Level 3) were used to determine the fair value of investments classified as Level 3 at either the beginning or end of the period.
 

 

 

 

 

 

 

 

 

Global Smaller
Companies Fund

 

 

 

 

 

Balance as of October 31, 2008

 

$

 0

 

 

Transfer into Level 3

 

 

408,976

 

 

Net Change in unrealized depreciation

 

 

(254,309

)
 
 

 

Balance as of January 31, 2009

 

$

154,667

 
 
 

 

Net change in unrealized depreciation from investments still held as of January 31, 2009

 

$

(254,309

)
 
 

 

 
 

4.

Risk – The following risks apply to some or all of the investments in which the Funds invest. There are specific risks associated with global investing, such as currency fluctuations, foreign taxation, differences in financial reporting practices, and rapid changes in political and economic conditions. Investments in emerging market and other smaller foreign companies should be considered speculative. Stocks of large- or small-capitalization companies have at times experienced periods of volatility and negative performance. During such periods, the value of such stocks may decline and the performance of the Funds investing in such companies may be negatively affected. The products of technology companies may be subject to severe competition and rapid obsolescence, and technology stocks may be subject to greater price fluctuation, government regulation, and limited liquidity as compared to other investments. To the extent that a Fund has a substantial percentage of its assets exposed to an industry, the Fund’s performance may be negatively affected if that industry falls out of favor.

 

 

5.

Federal Tax Information - At January 31, 2009, each Fund’s cost of investments for federal income tax purposes was as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

Fund

 

Tax Basis Cost

 

 

 

 

 

Emerging Markets Fund

 

 

$ 80,006,566

 

 

Global Growth Fund

 

 

22,833,522

 

 

Global Smaller Companies Fund

 

 

140,137,304

 

 

Global Technology Fund

 

 

270,688,513

 

 

International Growth Fund

 

 

38,475,672

 


 

 

 

The tax basis gross and net unrealized appreciation and depreciation of portfolio securities, were as follows:

 

 

 

 

 

 

 

 

 

 

 

Fund

 

Total Unrealized
Appreciation

 

Total Unrealized
(Depreciation)

 

Net Unrealized
Appreciation
(Depreciation)

 

 

 

 

 

Emerging Markets Fund

 

 

$ 2,726,600

 

 

$ (25,244,938

)

 

$ (22,518,338

)

Global Growth Fund

 

 

411,721

 

 

(7,376,748

)

 

(6,965,027

)

Global Smaller Companies Fund

 

 

2,384,293

 

 

(57,546,525

)

 

(55,162,232

)

Global Technology Fund

 

 

1,280,434

 

 

(85,102,529

)

 

(83,822,095

)

International Growth Fund

 

 

1,025,456

 

 

(5,008,424

)

 

(3,982,968

)

 

 

 

 

 

 

 

 

 

 

 

 

 

6.

Fund Mergers – On January 8, 2009, the Series’ Board of Directors approved in principle the merger of the Emerging Markets Fund, Global Growth Fund, and International Growth Fund into the Threadneedle Emerging Markets Fund, Threadneedle Global Equity Fund, and RiverSource Partners International Select Growth Fund, respectively. Completion of each merger is subject to approval by shareholders of the applicable Fund. It is currently anticipated that proxy materials regarding each merger will be distributed to shareholders of the applicable Fund during the first or second quarter of 2009, and that a meeting of shareholders to consider each merger will be scheduled for the second quarter of 2009.


ITEM 2. CONTROLS AND PROCEDURES.

 

 

 

 

a.

The registrant’s principal executive officer and principal financial officer have concluded, based upon their evaluation of the registrant’s disclosure controls and procedures as conducted within 90 days of the filing date of this report, that these disclosure controls and procedures provide reasonable assurance that material information required to be disclosed by the registrant in the report it files or submits on Form N-Q is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms and that such material information is accumulated and communicated to the registrant’s management, including its principal executive officer and principal financial officer, as appropriate, in order to allow timely decisions regarding required disclosure.

 

 

 

 

b.

The registrant’s principal executive officer and principal financial officer are aware of 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.

 

 

 

 

(a)

Certifications of 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.

SELIGMAN GLOBAL FUND SERIES, INC.

 

 

By:

/S/ PATRICK T. BANNIGAN

 

 

Patrick T. Bannigan

 

President and Chief Executive Officer

 

 

Date:  

March 23, 2009

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant in the capacities and on the dates indicated.

 

By:

/S/ PATRICK T. BANNIGAN

 

 

Patrick T. Bannigan

 

President and Chief Executive Officer

 

 

Date:

March 23, 2009

 

 

By:

/S/ LAWRENCE P. VOGEL

 

 

Lawrence P. Vogel

 

Treasurer and Chief Financial Officer

 

 

Date:

March 23, 2009


SELIGMAN GLOBAL FUND SERIES, INC.

EXHIBIT INDEX

 

 

 

 

(a)

Certifications of principal executive officer and principal financial officer as required by Rule 30a-2(a) under the Investment Company Act of 1940.


EX-99.CERT 2 d76515_ex99-cert.htm CERTIFICATION

EX.99 CERT
Exhibit (a)
CERTIFICATIONS

 

 

 

I, Patrick T. Bannigan, certify that:

 

1.

I have reviewed this report on Form N-Q of Seligman Global Fund 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 presents 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 officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 

 

 

 

a)

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

 

 

 

 

b)

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

 

 

 

 

c)

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

 

 

 

 

d)

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

 

 

 

5.

The registrant’s other certifying officer 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 controls 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: March 23, 2009

 

 

 

 

/S/ PATRICK T. BANNIGAN

 

 

 

 

Patrick T. Bannigan

 

 

Principal Executive Officer

 


I, Lawrence P. Vogel, certify that:

 

 

 

1.

I have reviewed this report on Form N-Q of Seligman Global Fund 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 presents 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 officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 

 

 

 

a)

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

 

 

 

 

b)

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

 

 

 

 

c)

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

 

 

 

 

d)

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

 

 

 

5.

The registrant’s other certifying officer 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 controls 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: March 23, 2009

 

 

 

 

/S/ LAWRENCE P. VOGEL

 

 

 

 

Lawrence P. Vogel

 

 

Principal Financial Officer

 

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