June 30, 2014

December 31, 2013

Face

Maturity

Percentage of

Face

Maturity

Percentage of

Value

Date

Net Assets

Fair value

Value

Date

Net Assets

Fair value

Securities owned

UNAUDITED

Corporate Bonds

BB & T Corp Note 2.05% ( cost $0 and $762,121, respectively)

$

-

NA

$

-

$

750,000

4/28/2014

4.97

%

$

752,693

Goldman Sachs Group Inc Note 6% (cost $0 and $739,576, respectively)

-

NA

-

700,000

5/1/2014

4.70

%

712,502

Total Corporate Bonds

$

-

$

1,450,000

9.67

%

1,465,195

Total Fixed Income Securities (cost $0 and $1,501,697, respectively)

$

-

$

1,465,195

Long Positions

Futures Positions

Agriculture

-0.38

%

$

(44,228

)

-0.15

%

$

(22,282

)

Currency

0.96

%

112,148

0.31

%

46,836

Energy

-0.28

%

(32,880

)

-0.14

%

(21,904

)

Indices

0.42

%

48,474

2.98

%

450,939

Interest rates

0.74

%

85,723

-0.92

%

(138,783

)

Metals

0.12

%

14,280

0.03

%

5,005

Total long positions on open contracts

$

183,517

$

319,811

Short Positions

Futures Positions

Agriculture

0.70

%

$

81,475

1.37

%

$

207,657

Currency

-0.44

%

(50,889

)

0.31

%

46,459

Energy

0.00

%

(427

)

-0.01

%

(770

)

Indices

-0.09

%

(10,956

)

-0.39

%

(58,673

)

Interest rates

-0.19

%

(22,461

)

1.15

%

174,237

Metals

-0.29

%

(34,003

)

0.49

%

73,915

Total short positions on open contracts

$

(37,261

)

$

442,825

Total unrealized gain on open contracts

$

146,256

$

762,636