Amerigo Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
EXCHANGE-TRADED FUNDS^† - 100.0%
United States of America - 54.3%
Vanguard Dividend Appreciation ETF		145,297	$	11,692,048
iShares MSCI USA Quality Factor ETF		149,890		9,534,503
Technology Select Sector SPDR Fund		208,820		8,653,501
iShares Russell 1000 Growth ETF¹		78,054		7,721,102
Financial Select Sector SPDR Fund		213,900		5,157,129
Energy Select Sector SPDR Fund¹		62,450		4,844,871
Health Care Select Sector SPDR Fund¹		65,410		4,742,225
Consumer Staples Select Sector SPDR Fund		96,800		4,718,032
Vanguard Mega Capital ETF¹		66,199		4,658,424
Vanguard Information Technology ETF		23,500		2,503,220
Total United States of America				64,225,055
Global - 28.8%
iShares MSCI EAFE ETF		163,160		10,469,977
PowerShares International Dividend Achievers Portfolio		433,542		7,560,972
Vanguard FTSE All-World ex-US ETF — Class U¹		117,830		5,741,856
iShares Global 100 ETF		64,930		4,994,416
iShares Russell Top 200 Growth ETF		47,500		2,459,550
PowerShares DB Agriculture Fund^*		93,900		2,078,946
WisdomTree Global ex-U.S. Dividend Growth Fund¹		16,000		816,160
Total Global				34,121,877
Emerging Markets - 7.7%
WisdomTree Emerging Markets Equity Income Fund		175,463		7,457,178
iShares Core MSCI Emerging Markets ETF		33,500		1,619,055
Total Emerging Markets				9,076,233
European Union - 2.9%
iShares MSCI EMU ETF¹		88,900		3,429,762
Asian Pacific Region ex Japan - 2.7%
iShares MSCI All Country Asia ex Japan ETF¹		50,000		3,200,000
Europe - 1.9%
Vanguard FTSE Europe ETF		40,800		2,212,176
Japan - 1.2%
iShares MSCI Japan ETF		113,900		1,427,167
Italy - 0.3%
iShares MSCI Italy Capped ETF¹		24,000		355,200
Asian Pacific Region - 0.2%
Vanguard FTSE Pacific ETF		5,000		306,400
Total Exchange-Traded Funds
(Cost $101,373,208)				118,353,870

SHORT TERM INVESTMENTS^† - 0.0%
First American Treasury Obligations Fund		399		399
Total Short Term Investments
(Cost $399)				399

	Face Amount
SECURITIES LENDING COLLATERAL^††,² - 19.2%
Repurchase Agreements
HSBC Securities, Inc. issued 03/31/15 at 0.10% due 04/01/15	$	14,926,801		14,926,801
BNP Paribas Securities Corp. issued 03/31/15 at 0.10% due 04/01/15		5,134,819		5,134,819
Barclays Capital, Inc. issued 03/31/15 at 0.10% due 04/01/15		2,650,403		2,650,403
Total Securities Lending Collateral
(Cost $22,712,023)				22,712,023
Total Investments - 119.2%
(Cost $124,085,630)			$	141,066,292
Other Assets & Liabilities, net - (19.2)%				(22,758,212	)
Total Net Assets - 100.0%			$	118,308,080

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	All or portion of this security is on loan at March 31, 2015 — See Note 5.
²	Securities lending collateral — See Note 5.

Banking Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 100.0%
Super-Regional Banks-U.S. - 17.9%
Wells Fargo & Co.		3,660	$	199,104
U.S. Bancorp		3,543		154,723
PNC Financial Services Group, Inc.		1,320		123,077
Capital One Financial Corp.		1,459		114,998
SunTrust Banks, Inc.		1,973		81,071
Fifth Third Bancorp		3,665		69,085
KeyCorp		4,327		61,270
Huntington Bancshares, Inc.		4,824		53,305
Comerica, Inc.		1,115		50,320
Total Super-Regional Banks-U.S.				906,953
Commercial Banks-Non-U.S. - 17.8%
Itau Unibanco Holding S.A. ADR		6,079		67,233
Royal Bank of Canada		983		59,334
ICICI Bank Ltd. ADR		5,725		59,311
Banco Bradesco S.A. ADR		6,378		59,188
Toronto-Dominion Bank		1,338		57,333
Banco Santander S.A. ADR		7,562		56,337
HDFC Bank Ltd. ADR		935		55,062
Credicorp Ltd.		375		52,736
Bank of Montreal		849		50,915
Bank of Nova Scotia		1,000		50,230
Bancolombia S.A. ADR		1,245		48,966
Canadian Imperial Bank of Commerce		664		48,140
Banco Santander Chile ADR		2,220		48,130
ING Groep N.V. ADR^*		3,287		48,023
Banco Bilbao Vizcaya Argentaria S.A. ADR		4,683		46,970
Grupo Financiero Santander Mexico SAB de CV ADR		4,140		45,209
Sumitomo Mitsui Financial Group, Inc. ADR		5,670		43,886
Total Commercial Banks-Non-U.S.				897,003
Diversified Banking Institutions - 16.9%
JPMorgan Chase & Co.		3,298		199,792
Citigroup, Inc.		3,796		195,570
Bank of America Corp.		12,640		194,530
HSBC Holdings plc ADR		1,453		61,883
Deutsche Bank AG		1,585		55,047
Credit Suisse Group AG ADR		1,941		52,271
UBS Group AG^*		2,592		48,652
Barclays plc ADR		3,215		46,843
Total Diversified Banking Institutions				854,588
Commercial Banks-Southern U.S. - 10.9%
BB&T Corp.		2,420		94,355
Regions Financial Corp.		6,610		62,465
Popular, Inc.^*		1,339		46,048
Synovus Financial Corp.		1,230		34,452
BankUnited, Inc.		1,000		32,740
First Horizon National Corp.		2,270		32,438
Bank of the Ozarks, Inc.		860		31,760
First Citizens BancShares, Inc. — Class A		120		31,163
IBERIABANK Corp.		458		28,868
United Bankshares, Inc.		759		28,523
Hancock Holding Co.		938		28,009
Home BancShares, Inc.		803		27,214
BancorpSouth, Inc.		1,156		26,842
Hilltop Holdings, Inc.^*		1,270		24,689
Trustmark Corp.		952		23,115
Total Commercial Banks-Southern U.S.				552,681
Commercial Banks-Western U.S. - 9.3%
First Republic Bank		884		50,467
SVB Financial Group^*		355		45,099
East West Bancorp, Inc.		1,062		42,969
Zions Bancorporation		1,545		41,715
City National Corp.		447		39,819
PacWest Bancorp		828		38,825
Umpqua Holdings Corp.		2,030		34,875
Bank of Hawaii Corp.		475		29,075
Western Alliance Bancorporation^*		970		28,751
Cathay General Bancorp		960		27,312
Glacier Bancorp, Inc.		980		24,647
CVB Financial Corp.		1,470		23,432
Columbia Banking System, Inc.		800		23,176
Westamerica Bancorporation		430		18,580
Total Commercial Banks-Western U.S.				468,742
Commercial Banks-Central U.S. - 8.8%
Cullen/Frost Bankers, Inc.		542		37,441
BOK Financial Corp.		601		36,793
Commerce Bancshares, Inc.		848		35,887
Prosperity Bancshares, Inc.		660		34,637
FirstMerit Corp.		1,671		31,849
Associated Banc-Corp.		1,605		29,853
PrivateBancorp, Inc. — Class A		839		29,508
TCF Financial Corp.		1,834		28,830
UMB Financial Corp.		530		28,032
MB Financial, Inc.		880		27,553
Wintrust Financial Corp.		569		27,130
Texas Capital Bancshares, Inc.^*		547		26,612
First Financial Bankshares, Inc.		870		24,047
Old National Bancorp		1,620		22,988
First Midwest Bancorp, Inc.		1,200		20,844
Total Commercial Banks-Central U.S.				442,004
Fiduciary Banks - 7.2%
Bank of New York Mellon Corp.		2,951		118,748
State Street Corp.		1,312		96,471
Northern Trust Corp.		1,010		70,347
Citizens Financial Group, Inc.		2,600		62,738
Boston Private Financial Holdings, Inc.		1,460		17,739
Total Fiduciary Banks				366,043
Commercial Banks-Eastern U.S. - 7.0%
M&T Bank Corp.		575		73,025
CIT Group, Inc.		1,126		50,805
Signature Bank^*		351		45,483
Webster Financial Corp.		900		33,345
Susquehanna Bancshares, Inc.		2,057		28,201
FNB Corp.		2,059		27,055
Fulton Financial Corp.		2,157		26,617
Valley National Bancorp		2,806		26,489

Banking Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 100.0% (continued)
Commercial Banks-Eastern U.S. - 7.0% (continued)
National Penn Bancshares, Inc.		2,050	$	22,079
Community Bank System, Inc.		610		21,588
Total Commercial Banks-Eastern U.S.				354,687
Savings & Loans/Thrifts-Eastern U.S. - 3.1%
New York Community Bancorp, Inc.		2,906		48,617
People's United Financial, Inc.		2,540		38,608
Investors Bancorp, Inc.		3,130		36,684
First Niagara Financial Group, Inc.		3,543		31,320
Total Savings & Loans/Thrifts-Eastern U.S.				155,229
Multi-Line Insurance - 1.1%
Voya Financial, Inc.		1,270		54,750
Total Common Stocks
(Cost $3,696,706)				5,052,680

	Face Amount
REPURCHASE AGREEMENT^††^,1 - 0.6%
HSBC Group issued 03/31/15 at 0.03% due 04/01/15	$	31,848		31,848
Total Repurchase Agreement
(Cost $31,848)				31,848
Total Investments - 100.6%
(Cost $3,728,554)			$	5,084,528
Other Assets & Liabilities, net - (0.6)%				(28,232	)
Total Net Assets - 100.0%			$	5,056,296

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Repurchase Agreement — See Note 4.

	ADR — American Depositary Receipt
	plc — Public Limited Company

Basic Materials Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.4%
Chemicals-Diversified - 15.3%
EI du Pont de Nemours & Co.		3,670	$	262,295
Dow Chemical Co.		5,195		249,256
LyondellBasell Industries N.V. — Class A		2,456		215,637
PPG Industries, Inc.		805		181,560
Westlake Chemical Corp.		1,476		106,183
Celanese Corp. — Class A		1,755		98,034
FMC Corp.		1,567		89,711
Huntsman Corp.		3,525		78,149
Axiall Corp.		1,297		60,881
Olin Corp.		1,714		54,917
Total Chemicals-Diversified				1,396,623
Chemicals-Specialty - 15.0%
Ecolab, Inc.		1,684		192,615
Sigma-Aldrich Corp.		977		135,070
Eastman Chemical Co.		1,538		106,522
International Flavors & Fragrances, Inc.		864		101,434
Ashland, Inc.		771		98,156
WR Grace & Co.^*		911		90,071
NewMarket Corp.		180		86,004
Albemarle Corp.		1,533		81,004
Platform Specialty Products Corp.^*		2,840		72,874
Methanex Corp.		1,343		71,945
Cytec Industries, Inc.		1,230		66,469
Sensient Technologies Corp.		891		61,372
Cabot Corp.		1,277		57,465
Minerals Technologies, Inc.		725		52,998
HB Fuller Co.		1,136		48,700
Chemtura Corp.^*		1,714		46,775
Total Chemicals-Specialty				1,369,474
Gold Mining - 9.4%
Barrick Gold Corp.		11,270		123,519
Goldcorp, Inc.		6,145		111,347
Newmont Mining Corp.		4,954		107,551
Agnico Eagle Mines Ltd.		2,983		83,345
Randgold Resources Ltd. ADR		1,184		82,016
AngloGold Ashanti Ltd. ADR^*		8,253		77,083
Franco-Nevada Corp.		1,548		75,140
Royal Gold, Inc.		1,057		66,707
Eldorado Gold Corp.		14,191		65,137
Cia de Minas Buenaventura S.A.A. ADR		6,345		64,275
Total Gold Mining				856,120
Containers-Paper/Plastic - 7.9%
Sealed Air Corp.		2,218		101,052
Rock-Tenn Co. — Class A		1,520		98,040
MeadWestvaco Corp.		1,899		94,703
Packaging Corporation of America		1,171		91,560
Graphic Packaging Holding Co.		4,939		71,813
Sonoco Products Co.		1,572		71,463
Bemis Company, Inc.		1,506		69,743
Berry Plastics Group, Inc.^*		1,924		69,630
KapStone Paper and Packaging Corp.		1,814		59,572
Total Containers-Paper/Plastic				727,576
Agricultural Chemicals - 7.3%
Monsanto Co.		2,113		237,797
Mosaic Co.		2,919		134,449
CF Industries Holdings, Inc.		419		118,862
Potash Corporation of Saskatchewan, Inc.		3,005		96,911
Agrium, Inc.		750		78,203
Total Agricultural Chemicals				666,222
Steel-Producers - 5.9%
Nucor Corp.		2,705		128,568
Steel Dynamics, Inc.		3,806		76,501
Reliance Steel & Aluminum Co.		1,217		74,334
ArcelorMittal¹		7,087		66,760
United States Steel Corp.		2,685		65,514
Commercial Metals Co.		3,028		49,023
Carpenter Technology Corp.		1,236		48,056
AK Steel Holding Corp.^*		7,092		31,701
Total Steel-Producers				540,457
Industrial Gases - 5.1%
Praxair, Inc.		1,594		192,460
Air Products & Chemicals, Inc.		1,239		187,436
Airgas, Inc.		846		89,769
Total Industrial Gases				469,665
Building Products-Cement/Aggregates - 4.2%
Vulcan Materials Co.		1,299		109,505
Cemex SAB de CV ADR^*		11,187		105,941
Martin Marietta Materials, Inc.		715		99,957
Eagle Materials, Inc.		821		68,603
Total Building Products-Cement/Aggregates				384,006
Coatings/Paint - 3.7%
Sherwin-Williams Co.		598		170,131
Valspar Corp.		1,015		85,290
RPM International, Inc.		1,742		83,599
Total Coatings/Paint				339,020
Containers-Metal/Glass - 3.5%
Ball Corp.		1,446		102,145
Crown Holdings, Inc.^*		1,716		92,698
Owens-Illinois, Inc.^*		2,761		64,387
Silgan Holdings, Inc.		1,100		63,943
Total Containers-Metal/Glass				323,173
Metal-Copper - 3.4%
Southern Copper Corp.		5,519		161,044
Freeport-McMoRan, Inc.		8,004		151,676
Total Metal-Copper				312,720
Diversified Minerals - 3.0%
BHP Billiton Ltd. ADR		2,436		113,201
BHP Billiton plc ADR		1,855		82,102
Teck Resources Ltd. — Class B		5,534		75,982
Total Diversified Minerals				271,285
Metal-Aluminum - 2.9%
Alcoa, Inc.		10,145		131,073
Constellium N.V. — Class A^*		2,940		59,741
Kaiser Aluminum Corp.		500		38,445
Century Aluminum Co.^*		2,640		36,432
Total Metal-Aluminum				265,691
Paper & Related Products - 2.6%
International Paper Co.		2,901		160,977

Basic Materials Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.4% (continued)
Paper & Related Products - 2.6% (continued)
Domtar Corp.		1,656	$	76,540
Total Paper & Related Products				237,517
Metal-Iron - 1.7%
Vale S.A. ADR¹		22,896		129,362
Cliffs Natural Resources, Inc.¹		5,918		28,466
Total Metal-Iron				157,828
Silver Mining - 1.6%
Silver Wheaton Corp.		4,406		83,802
Pan American Silver Corp.		7,010		61,478
Total Silver Mining				145,280
Metal-Diversified - 1.0%
Rio Tinto plc ADR		2,192		90,749
Office Supplies & Forms - 0.8%
Avery Dennison Corp.		1,360		71,958
Garden Products - 0.7%
Scotts Miracle-Gro Co. — Class A		980		65,827
Miscellaneous Manufacturing - 0.7%
AptarGroup, Inc.		1,030		65,426
Chemicals-Plastics - 0.7%
PolyOne Corp.		1,634		61,030
Steel-Specialty - 0.7%
Allegheny Technologies, Inc.		2,007		60,230
Quarrying - 0.6%
Compass Minerals International, Inc.		625		58,256
Building & Construction Products-Miscellaneous - 0.6%
Louisiana-Pacific Corp.^*		3,183		52,551
Building Products-Wood - 0.4%
Boise Cascade Co.^*		1,100		41,206
Platinum - 0.4%
Stillwater Mining Co.^*		3,172		40,982
Oil Field Machinery & Equipment - 0.3%
Flotek Industries, Inc.^*		2,058		30,335
Total Common Stocks
(Cost $5,103,287)				9,101,207

	Face Amount
REPURCHASE AGREEMENT^††^,2 - 0.6%
HSBC Group issued 03/31/15 at 0.03% due 04/01/15	$	50,480		50,480
Total Repurchase Agreement
(Cost $50,480)				50,480

SECURITIES LENDING COLLATERAL^††^,3 - 1.7%
Repurchase Agreements
HSBC Securities, Inc. issued 03/31/15 at 0.10% due 04/01/15		103,301		103,301
BNP Paribas Securities Corp. issued 03/31/15 at 0.10% due 04/01/15		35,535		35,535
Barclays Capital, Inc. issued 03/31/15 at 0.10% due 04/01/15		18,342		18,342
Total Securities Lending Collateral
(Cost $157,178)				157,178
Total Investments - 101.7%
(Cost $5,310,945)			$	9,308,865
Other Assets & Liabilities, net - (1.7)%				(158,122	)
Total Net Assets - 100.0%			$	9,150,743

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	All or portion of this security is on loan at March 31, 2015 — See Note 5.
²	Repurchase Agreement — See Note 4.
³	Securities lending collateral — See Note 5.

	ADR — American Depositary Receipt
	plc — Public Limited Company

Biotechnology Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.5%
Medical-Biomedical/Genetics - 70.2%
Gilead Sciences, Inc.^*		35,533	$	3,486,852
Amgen, Inc.		19,615		3,135,458
Biogen, Inc.^*		6,871		2,901,210
Celgene Corp.^*		23,793		2,742,856
Alexion Pharmaceuticals, Inc.^*		9,957		1,725,547
Regeneron Pharmaceuticals, Inc.^*		3,805		1,717,881
Vertex Pharmaceuticals, Inc.^*		12,651		1,492,438
Illumina, Inc.^*		7,868		1,460,616
BioMarin Pharmaceutical, Inc.^*		10,509		1,309,632
Incyte Corp.^*		12,695		1,163,624
Intrexon Corp.^*,1		18,910		857,947
Medivation, Inc.^*		6,554		845,925
Alnylam Pharmaceuticals, Inc.^*		7,863		821,054
United Therapeutics Corp.^*		4,603		793,718
Puma Biotechnology, Inc.^*		3,240		764,996
Isis Pharmaceuticals, Inc.^*		11,950		760,857
Intercept Pharmaceuticals, Inc.^*,1		2,539		716,049
Seattle Genetics, Inc.^*		16,505		583,452
Bio-Rad Laboratories, Inc. — Class A^*		4,258		575,596
Bluebird Bio, Inc.^*		4,710		568,827
Charles River Laboratories International, Inc.^*		7,059		559,708
Synageva BioPharma Corp.^*		5,164		503,645
Myriad Genetics, Inc.^*,1		13,432		475,493
Celldex Therapeutics, Inc.^*		16,211		451,801
Kite Pharma, Inc.^*		7,730		445,866
Exact Sciences Corp.^*,1		18,376		404,640
Novavax, Inc.^*		46,857		387,507
Medicines Co.^*		13,829		387,489
PTC Therapeutics, Inc.^*		6,300		383,355
AMAG Pharmaceuticals, Inc.^*		6,795		371,415
Halozyme Therapeutics, Inc.^*		25,963		370,752
Ligand Pharmaceuticals, Inc. — Class B^*		4,751		366,350
NewLink Genetics Corp.^*		6,659		364,314
ARIAD Pharmaceuticals, Inc.^*		42,812		352,771
Acorda Therapeutics, Inc.^*		10,424		346,911
Merrimack Pharmaceuticals, Inc.^*,1		28,287		336,050
PDL BioPharma, Inc.		44,330		311,862
Repligen Corp.^*		9,717		295,008
Aegerion Pharmaceuticals, Inc.^*		9,450		247,307
Juno Therapeutics, Inc.^*,1		3,900		236,574
Theravance, Inc.¹		12,135		190,762
ZIOPHARM Oncology, Inc.^*,1		9,200		99,084
Total Medical-Biomedical/Genetics				36,313,199
Medical-Drugs - 17.1%
Quintiles Transnational Holdings, Inc.^*		12,749		853,800
OPKO Health, Inc.^*,1		58,779		832,897
Alkermes plc^*		12,339		752,309
Receptos, Inc.^*		4,211		694,352
ACADIA Pharmaceuticals, Inc.^*		15,635		509,545
Anacor Pharmaceuticals, Inc.^*		7,970		461,065
Ironwood Pharmaceuticals, Inc. — Class A^*		27,583		441,328
Endo International plc^*		4,900		439,530
Clovis Oncology, Inc.^*		5,860		434,988
TESARO, Inc.^*		7,440		427,056
Insys Therapeutics, Inc.^*		7,272		422,721
Chimerix, Inc.^*		9,169		345,580
Keryx Biopharmaceuticals, Inc.^*,1		26,857		341,890
Shire plc ADR		1,400		335,006
Salix Pharmaceuticals Ltd.^*		1,900		328,339
Jazz Pharmaceuticals plc^*		1,600		276,464
Regulus Therapeutics, Inc.^*		15,110		255,963
Akorn, Inc.^*		4,800		228,048
Pacira Pharmaceuticals, Inc.^*		1,900		168,815
Cempra, Inc.^*		3,200		109,792
Array BioPharma, Inc.^*		12,900		95,073
Radius Health, Inc.^*		2,200		90,552
Total Medical-Drugs				8,845,113
Therapeutics - 6.3%
Pharmacyclics, Inc.^*		5,060		1,295,107
Agios Pharmaceuticals, Inc.^*		5,550		523,365
Neurocrine Biosciences, Inc.^*		13,010		516,627
Dyax Corp.^*		26,107		437,423
Portola Pharmaceuticals, Inc.^*		10,248		389,014
MannKind Corp.^*,1		22,777		118,440
Total Therapeutics				3,279,976
Medical-Generic Drugs - 1.4%
Mylan N.V.^*		8,700		516,345
Impax Laboratories, Inc.^*		3,900		182,793
Total Medical-Generic Drugs				699,138
Diagnostic Equipment - 1.1%
Cepheid^*		10,205		580,665
Medical Instruments - 1.1%
Bio-Techne Corp.		5,664		568,043
Diagnostic Kits - 1.1%
QIAGEN N.V.^*		22,235		560,322
Drug Delivery Systems - 0.8%
Nektar Therapeutics^*		28,336		311,696
Depomed, Inc.^*		4,900		109,809
Total Drug Delivery Systems				421,505
Diversified Operations - 0.4%
Horizon Pharma plc^*		7,400		192,178
Total Common Stocks
(Cost $29,852,186)				51,460,139

RIGHTS^†^†† - 0.0%
Chelsea Therapeutics International
Expires 12/31/17^*		18,097		1,448
Clinical Data, Inc.
Expires 12/31/20^*		4,730		–
Total Rights
(Cost $1,341)				1,448

Biotechnology Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Face Amount		Value
REPURCHASE AGREEMENT^††^,2 - 1.2%
HSBC Group issued 03/31/15 at 0.03% due 04/01/15	$	612,146	$	612,146
Total Repurchase Agreement
(Cost $612,146)				612,146

SECURITIES LENDING COLLATERAL^††^,3 - 6.0%
Repurchase Agreements
HSBC Securities, Inc. issued 03/31/15 at 0.10% due 04/01/15	2,046,142		2,046,142
BNP Paribas Securities Corp. issued 03/31/15 at 0.10% due 04/01/15	703,873		703,873
Barclays Capital, Inc. issued 03/31/15 at 0.10% due 04/01/15	363,313		363,313
Total Securities Lending Collateral
(Cost $3,113,328)			3,113,328
Total Investments - 106.7%
(Cost $33,579,001)		$	55,187,061
Other Assets & Liabilities, net - (6.7)%			(3,474,377	)
Total Net Assets - 100.0%		$	51,712,684

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
^†††	Value determined based on Level 3 inputs — See Note 3.
¹	All or portion of this security is on loan at March 31, 2015 — See Note 5.
²	Repurchase Agreement — See Note 4.
³	Securities lending collateral — See Note 5.

	ADR — American Depositary Receipt
	plc — Public Limited Company

Clermont Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
EXCHANGE-TRADED FUNDS^† - 100.2%
United States of America - 54.7%
iShares TIPS Bond ETF		69,150	$	7,854,748
Vanguard Dividend Appreciation ETF		81,600		6,566,352
iShares Floating Rate Bond ETF		81,506		4,127,464
iShares MSCI USA Quality Factor ETF		59,087		3,758,524
Technology Select Sector SPDR Fund		55,700		2,308,208
Vanguard Information Technology ETF		18,500		1,970,620
Financial Select Sector SPDR Fund		73,700		1,776,907
Health Care Select Sector SPDR Fund¹		19,500		1,413,750
iShares iBoxx $ Investment Grade Corporate Bond ETF		10,191		1,240,347
iShares Russell 1000 Growth ETF¹		12,200		1,206,824
WisdomTree Managed Futures Strategy Fund^*,1		20,939		927,179
RevenueShares Large Capital ETF¹		22,000		911,900
ProShares Short Russell 2000^*		55,313		811,995
PowerShares S&P 500 High Quality Portfolio¹		33,000		774,180
PowerShares DB Commodity Index Tracking Fund^*		41,667		711,256
Vanguard Intermediate-Term Corporate Bond ETF		5,900		517,430
Energy Select Sector SPDR Fund¹		6,500		504,270
Schwab U.S. TIPs ETF		9,000		494,280
Consumer Staples Select Sector SPDR Fund		10,000		487,400
SPDR Nuveen Barclays Short Term Municipal Bond ETF¹		16,500		401,280
First Trust NASDAQ Technology Dividend Index Fund		10,882		293,052
SPDR Blackstone / GSO Senior Loan ETF		4,300		211,861
SPDR S&P Oil & Gas Equipment & Services ETF¹		2,769		69,640
Total United States of America				39,339,467
Global - 29.4%
PIMCO Total Return Active Exchange-Traded Fund		73,559		8,101,053
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund		44,200		4,470,830
PowerShares International Dividend Achievers Portfolio		217,200		3,787,968
iShares Global 100 ETF		29,700		2,284,524
PowerShares DB Agriculture Fund^*		40,692		900,921
PIMCO Global Advantage Inflation-Linked Bond Active Exchange-Traded Fund		20,000		867,200
Market Vectors Junior Gold Miners ETF		19,000		432,060
WisdomTree Global ex-U.S. Dividend Growth Fund¹		6,000		306,060
Total Global				21,150,616
Emerging Markets - 8.1%
WisdomTree Emerging Markets Equity Income Fund		62,244		2,645,370
iShares JP Morgan USD Emerging Markets Bond ETF¹		21,203		2,377,280
iShares Core MSCI Emerging Markets ETF		13,000		628,290
PowerShares Emerging Markets Sovereign Debt Portfolio¹		6,500		184,730
Total Emerging Markets				5,835,670
Europe - 3.0%
Vanguard FTSE Europe ETF		40,000		2,168,800
Asian Pacific Region ex Japan - 1.9%
iShares MSCI All Country Asia ex Japan ETF¹		21,000		1,344,000
European Union - 1.9%
iShares MSCI EMU ETF¹		34,700		1,338,726
Japan - 1.2%
iShares MSCI Japan ETF		71,700		898,401
Total Exchange-Traded Funds
(Cost $67,251,696)				72,075,680

SHORT TERM INVESTMENTS^† - 0.1%
First American Treasury Obligations Fund		99,276		99,276
Total Short Term Investments
(Cost $99,276)				99,276

	Face Amount
SECURITIES LENDING COLLATERAL^††,² - 13.3%
Repurchase Agreements
HSBC Securities, Inc. issued 03/31/15 at 0.10% due 04/01/15	$	6,299,688		6,299,688
BNP Paribas Securities Corp. issued 03/31/15 at 0.10% due 04/01/15		2,167,093		2,167,093
Barclays Capital, Inc. issued 03/31/15 at 0.10% due 04/01/15		1,118,573		1,118,573
Total Securities Lending Collateral
(Cost $9,585,354)				9,585,354
Total Investments - 113.6%
(Cost $76,936,326)			$	81,760,310
Other Assets & Liabilities, net - (13.6)%				(9,812,670	)
Total Net Assets - 100.0%			$	71,947,640

*	Non-income producing security.
^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	All or portion of this security is on loan at March 31, 2015 — See Note 5.
²	Securities lending collateral — See Note 5.

Commodities Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
MUTUAL FUNDS^† - 26.1%
Guggenheim Strategy Fund II¹		20,725	$	516,249
Guggenheim Strategy Fund I¹		20,548		511,637
Total Mutual Funds
(Cost $1,029,178)				1,027,886

	Face Amount
FEDERAL AGENCY DISCOUNT NOTES^†† - 20.3%
Farmer Mac²
0.09% due 04/06/15	$	300,000		299,998
Fannie Mae³
0.09% due 05/01/15		300,000		299,990
Federal Home Loan Bank²
0.04% due 04/09/15		200,000		199,998
Total Federal Agency Discount Notes
(Cost $799,973)				799,986

REPURCHASE AGREEMENTS^††,⁴ - 33.8%
RBC Capital Markets issued 03/31/15 at 0.05% due 04/01/15		444,238		444,238
HSBC Group issued 03/31/15 at 0.03% due 04/01/15		444,238		444,238
UMB Financial Corp. issued 03/31/15 at 0.03% due 04/01/15		443,423		443,423
Total Repurchase Agreements
(Cost $1,331,899)				1,331,899
Total Investments - 80.2%
(Cost $3,161,050)			$	3,159,771
Other Assets & Liabilities, net - 19.8%				780,447
Total Net Assets - 100.0%			$	3,940,218

	Contracts		Unrealized Loss
COMMODITY FUTURES CONTRACTS PURCHASED^†
April 2015 Goldman Sachs Commodity Index Futures Contracts (Aggregate Value of Contracts $3,961,000)		40	$	(103,177	)

^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Investment in a product that is managed by and/or pays a management fee to a party related to the Adviser — See Note 7.
²	The issuer operates under a Congressional charter; its securities are neither issued nor guaranteed by the U.S. Government.
³	On September 7, 2008, the issuer was placed in conservatorship by the Federal Housing Finance Agency (FHFA). As conservator, the FHFA has full powers to control the assets and operations of the firm.
⁴	Repurchase Agreements — See Note 4.

Consumer Products Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.5%
Food-Miscellaneous/Diversified - 17.3%
Kraft Foods Group, Inc.		9,110	$	793,618
Mondelez International, Inc. — Class A		20,402		736,308
General Mills, Inc.		10,054		569,056
Kellogg Co.		7,027		463,431
ConAgra Foods, Inc.		10,366		378,670
Campbell Soup Co.		7,800		363,090
McCormick & Company, Inc.		3,912		301,654
Hain Celestial Group, Inc.^*		3,636		232,886
Ingredion, Inc.		2,718		211,515
Pinnacle Foods, Inc.		5,030		205,274
Lancaster Colony Corp.		1,573		149,702
Cal-Maine Foods, Inc.¹		3,270		127,726
B&G Foods, Inc.		4,100		120,663
Total Food-Miscellaneous/Diversified				4,653,593
Beverages-Non-alcoholic - 13.9%
Coca-Cola Co.		30,762		1,247,399
PepsiCo, Inc.		11,629		1,111,965
Monster Beverage Corp.^*		3,156		436,775
Dr Pepper Snapple Group, Inc.		4,678		367,129
Coca-Cola Enterprises, Inc.		6,917		305,731
Fomento Economico Mexicano SAB de CV ADR^*		2,671		249,739
Total Beverages-Non-alcoholic				3,718,738
Tobacco - 12.5%
Philip Morris International, Inc.		13,208		994,958
Altria Group, Inc.		18,127		906,713
Reynolds American, Inc.		8,081		556,862
Lorillard, Inc.		6,813		445,230
British American Tobacco plc ADR		1,940		201,314
Vector Group Ltd.		7,055		154,998
Universal Corp.		2,040		96,206
Total Tobacco				3,356,281
Cosmetics & Toiletries - 12.5%
Procter & Gamble Co.		16,702		1,368,562
Colgate-Palmolive Co.		10,720		743,325
Estee Lauder Companies, Inc. — Class A		6,378		530,394
Coty, Inc. — Class A		11,600		281,532
Unilever N.V. — Class Y		5,603		233,981
Avon Products, Inc.		23,624		188,756
Total Cosmetics & Toiletries				3,346,550
Food-Retail - 5.5%
Kroger Co.		7,461		571,959
Whole Foods Market, Inc.		7,592		395,391
Sprouts Farmers Market, Inc.^*		6,250		220,188
SUPERVALU, Inc.^*		14,236		165,565
Fresh Market, Inc.^*,1		3,090		125,578
Total Food-Retail				1,478,681
Brewery - 5.0%
Anheuser-Busch InBev N.V. ADR		4,342		529,334
Molson Coors Brewing Co. — Class B		4,681		348,500
Ambev S.A. ADR		49,913		287,499
Boston Beer Company, Inc. — Class A^*		640		171,136
Total Brewery				1,336,469
Consumer Products-Miscellaneous - 4.2%
Kimberly-Clark Corp.		5,483		587,284
Clorox Co.		3,129		345,410
Spectrum Brands Holdings, Inc.		2,180		195,241
Total Consumer Products-Miscellaneous				1,127,935
Food-Meat Products - 4.1%
Tyson Foods, Inc. — Class A		9,613		368,178
Hormel Foods Corp.		6,446		366,455
BRF S.A. ADR		11,950		236,371
Darling Ingredients, Inc.^*		10,143		142,103
Total Food-Meat Products				1,113,107
Beverages-Wine/Spirits - 4.0%
Constellation Brands, Inc. — Class A^*		3,673		426,840
Brown-Forman Corp. — Class B		4,529		409,195
Diageo plc ADR		2,160		238,831
Total Beverages-Wine/Spirits				1,074,866
Agricultural Operations - 3.5%
Archer-Daniels-Midland Co.		10,945		518,792
Bunge Ltd.		3,999		329,358
Andersons, Inc.		2,480		102,598
Total Agricultural Operations				950,748
Food-Confectionery - 2.8%
Hershey Co.		4,374		441,380
JM Smucker Co.		2,733		316,290
Total Food-Confectionery				757,670
Vitamins & Nutrition Products - 2.4%
Mead Johnson Nutrition Co. — Class A		4,149		417,099
Herbalife Ltd.¹		5,181		221,540
Total Vitamins & Nutrition Products				638,639
Food-Wholesale/Distribution - 2.3%
Sysco Corp.		11,585		437,102
United Natural Foods, Inc.^*		2,339		180,197
Total Food-Wholesale/Distribution				617,299
Food-Dairy Products - 1.5%
WhiteWave Foods Co. — Class A^*		6,052		268,345
Dean Foods Co.		7,360		121,661
Total Food-Dairy Products				390,006
Coffee - 1.3%
Keurig Green Mountain, Inc.		3,242		362,229
Poultry - 1.3%
Pilgrim's Pride Corp.¹		9,500		214,605
Sanderson Farms, Inc.		1,580		125,847
Total Poultry				340,452
Soap & Cleaning Preparation - 1.1%
Church & Dwight Company, Inc.		3,526		301,191
Batteries/Battery Systems - 1.0%
Energizer Holdings, Inc.		1,910		263,676

Consumer Products Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.5% (continued)
Food-Baking - 0.8%
Flowers Foods, Inc.		9,201	$	209,231
Multilevel Direct Selling - 0.7%
Nu Skin Enterprises, Inc. — Class A¹		2,938		176,897
Retail-Convenience Store - 0.6%
Casey's General Stores, Inc.		1,907		171,821
Food-Canned - 0.6%
TreeHouse Foods, Inc.^*		2,018		171,570
Food-Flour & Grain - 0.6%
Post Holdings, Inc.^*		3,200		149,888
Total Common Stocks
(Cost $17,984,186)				26,707,537

RIGHTS^†^†† - 0.0%
Casa Ley
Expires 01/17/19^*		7,547		1,132
PDC
Expires 01/17/17^*		7,547		528
Total Rights
(Cost $1,815)				1,660

	Face Amount
REPURCHASE AGREEMENT^††^,2 - 0.4%
HSBC Group issued 03/31/15 at 0.03% due 04/01/15	$	102,639		102,639
Total Repurchase Agreement
(Cost $102,639)				102,639

SECURITIES LENDING COLLATERAL^††^,3 - 1.9%
Repurchase Agreements
HSBC Securities, Inc. issued 03/31/15 at 0.10% due 04/01/15		334,970		334,970
BNP Paribas Securities Corp. issued 03/31/15 at 0.10% due 04/01/15		115,229		115,229
Barclays Capital, Inc. issued 03/31/15 at 0.10% due 04/01/15		59,477		59,477
Total Securities Lending Collateral
(Cost $509,676)				509,676
Total Investments - 101.8%
(Cost $18,598,316)			$	27,321,512
Other Assets & Liabilities, net - (1.8)%				(488,373	)
Total Net Assets - 100.0%			$	26,833,139

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
^†††	Value determined based on Level 3 inputs — See Note 3.
¹	All or portion of this security is on loan at March 31, 2015 — See Note 5.
²	Repurchase Agreement — See Note 4.
³	Securities lending collateral — See Note 5.

	ADR — American Depositary Receipt
	plc — Public Limited Company

Dow 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 53.5%
Industrial - 10.8%
3M Co.		2,955	$	487,426
Boeing Co.		2,955		443,486
United Technologies Corp.		2,955		346,326
Caterpillar, Inc.		2,955		236,489
General Electric Co.		2,955		73,314
Total Industrial				1,587,041
Financial - 10.1%
Goldman Sachs Group, Inc.		2,955		555,452
Travelers Companies, Inc.		2,955		319,524
American Express Co.		2,955		230,844
Visa, Inc. — Class A		3,068		200,678
JPMorgan Chase & Co.		2,955		179,014
Total Financial				1,485,512
Consumer, Non-cyclical - 8.7%
UnitedHealth Group, Inc.		2,955		349,547
Johnson & Johnson		2,955		297,274
Procter & Gamble Co.		2,955		242,133
Merck & Company, Inc.		2,955		169,853
Coca-Cola Co.		2,955		119,825
Pfizer, Inc.		2,955		102,804
Total Consumer, Non-cyclical				1,281,436
Consumer, Cyclical - 7.9%
Home Depot, Inc.		2,955		335,718
NIKE, Inc. — Class B		2,955		296,475
McDonald's Corp.		2,955		287,935
Wal-Mart Stores, Inc.		2,955		243,049
Total Consumer, Cyclical				1,163,177
Technology - 7.2%
International Business Machines Corp.		2,955		474,277
Apple, Inc.		3,068		381,751
Microsoft Corp.		2,955		120,136
Intel Corp.		2,955		92,403
Total Technology				1,068,567
Energy - 3.8%
Chevron Corp.		2,955		310,216
Exxon Mobil Corp.		2,955		251,175
Total Energy				561,391
Communications - 3.6%
Walt Disney Co.		2,955		309,950
Verizon Communications, Inc.		2,955		143,702
Cisco Systems, Inc.		2,955		81,336
Total Communications				534,988
Basic Materials - 1.4%
EI du Pont de Nemours & Co.		2,955		211,194
Total Common Stocks
(Cost $7,033,141)				7,893,306

MUTUAL FUNDS^†- 14.4%
Guggenheim Strategy Fund I¹		85,154		2,120,336
Total Mutual Funds
(Cost $2,119,989)				2,120,336

	Face Amount
REPURCHASE AGREEMENTS^††^,2 - 8.3%
RBC Capital Markets issued 03/31/15 at 0.05% due 04/01/15	$	408,192		408,192
HSBC Group issued 03/31/15 at 0.03% due 04/01/15		408,192		408,192
UMB Financial Corp. issued 03/31/15 at 0.03% due 04/01/15		407,443		407,443
Total Repurchase Agreements
(Cost $1,223,827)				1,223,827
Total Investments - 76.2%
(Cost $10,376,957)			$	11,237,469
Other Assets & Liabilities, net - 23.8%				3,519,307
Total Net Assets - 100.0%			$	14,756,776

	Units		Unrealized Gain
OTC EQUITY INDEX SWAP AGREEMENTS^††
Barclays Bank plc April 2015 Dow Jones Industrial Average Index Swap, Terminating 04/30/15³ (Notional Value $15,261,309)		859	$	49,249
Credit Suisse Capital, LLC April 2015 Dow Jones Industrial Average Index Swap, Terminating 04/28/15³ (Notional Value $6,381,222)		359		35,847
(Total Notional Value $21,642,531)			$	85,096

^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Investment in a product that is managed by and/or pays a management fee to a party related to the Adviser — See Note 7.
²	Repurchase Agreements — See Note 4.
³	Total Return based on Dow Jones Industrial Average Index +/- financing at a variable rate.

	plc — Public Limited Company

Electronics Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.5%
Electronic Components-Semiconductor - 53.6%
Intel Corp.		28,809	$	900,856
Texas Instruments, Inc.		9,726		556,180
Micron Technology, Inc.^*		14,321		388,529
Broadcom Corp. — Class A		8,361		361,990
Skyworks Solutions, Inc.		3,188		313,349
Avago Technologies Ltd.		2,310		293,324
Altera Corp.		6,676		286,467
Freescale Semiconductor Ltd.^*		6,252		254,832
Xilinx, Inc.		5,709		241,491
NVIDIA Corp.		11,287		236,180
Microchip Technology, Inc.		4,595		224,696
ON Semiconductor Corp.^*		13,291		160,954
Cavium, Inc.^*		2,024		143,340
Cree, Inc.^*		3,995		141,783
ARM Holdings plc ADR		2,848		140,406
Microsemi Corp.^*		3,847		136,184
Mellanox Technologies Ltd.^*		2,597		117,748
Ambarella, Inc.^*,1		1,529		115,761
Tower Semiconductor Ltd.^*		6,680		113,426
Silicon Laboratories, Inc.^*		2,090		106,109
Fairchild Semiconductor International, Inc. — Class A^*		5,831		106,008
Monolithic Power Systems, Inc.		1,964		103,405
PMC-Sierra, Inc.^*		10,640		98,739
Intersil Corp. — Class A		6,662		95,400
Semtech Corp.^*		3,563		94,936
OmniVision Technologies, Inc.^*		3,465		91,372
Total Electronic Components-Semiconductor				5,823,465
Semiconductor Components-Integrated Circuit - 21.3%
Analog Devices, Inc.		5,286		333,019
NXP Semiconductor N.V.^*		2,904		291,446
Linear Technology Corp.		5,163		241,628
Taiwan Semiconductor Manufacturing Company Ltd. ADR		10,100		237,148
Maxim Integrated Products, Inc.		6,406		222,993
Marvell Technology Group Ltd.		12,563		184,676
Cypress Semiconductor Corp.		10,559		148,987
Atmel Corp.		15,556		128,026
Integrated Device Technology, Inc.^*		6,221		124,544
Siliconware Precision Industries Company Ltd. ADR¹		13,080		106,994
Cirrus Logic, Inc.^*		3,090		102,773
Himax Technologies, Inc. ADR		16,140		102,166
Power Integrations, Inc.		1,669		86,922
Total Semiconductor Components-Integrated Circuit				2,311,322
Semiconductor Equipment - 12.7%
Applied Materials, Inc.		16,300		367,727
Lam Research Corp.		3,255		228,615
KLA-Tencor Corp.		3,721		216,897
Teradyne, Inc.		7,613		143,505
ASML Holding N.V. — Class G		1,368		138,209
Tessera Technologies, Inc.		2,670		107,548
MKS Instruments, Inc.		2,800		94,668
Veeco Instruments, Inc.^*		2,612		79,797
Total Semiconductor Equipment				1,376,966
Energy-Alternate Sources - 5.8%
SunEdison, Inc.^*		7,715		185,160
First Solar, Inc.^*		2,999		179,310
JinkoSolar Holding Company Ltd. ADR^*,1		5,314		136,251
Trina Solar Ltd. ADR^*,1		10,651		128,771
Total Energy-Alternate Sources				629,492
Power Converter/Supply Equipment - 2.7%
Canadian Solar, Inc.^*		4,481		149,620
SunPower Corp. — Class A^*		4,648		145,529
Total Power Converter/Supply Equipment				295,149
Telecommunication Services - 2.3%
Qorvo, Inc.^*		3,156		251,533
Computers-Peripheral Equipment - 1.1%
Synaptics, Inc.^*		1,523		123,828
Total Common Stocks
(Cost $7,719,726)				10,811,755

	Face Amount
SECURITIES LENDING COLLATERAL^††^,2 - 2.9%
Repurchase Agreements
HSBC Securities, Inc. issued 03/31/15 at 0.10% due 04/01/15	$	206,811		206,811
BNP Paribas Securities Corp. issued 03/31/15 at 0.10% due 04/01/15		71,143		71,143
Barclays Capital, Inc. issued 03/31/15 at 0.10% due 04/01/15		36,722		36,722
Total Securities Lending Collateral
(Cost $314,676)				314,676
Total Investments - 102.4%
(Cost $8,034,402)			$	11,126,431
Other Assets & Liabilities, net - (2.4)%				(264,881	)
Total Net Assets - 100.0%			$	10,861,550

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	All or portion of this security is on loan at March 31, 2015 — See Note 5.
²	Securities lending collateral — See Note 5.

	ADR — American Depositary Receipt
	plc — Public Limited Company

Energy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.6%
Oil Company-Exploration & Production - 37.5%
ConocoPhillips		9,709	$	604,481
Occidental Petroleum Corp.		7,518		548,814
EOG Resources, Inc.		5,710		523,550
Anadarko Petroleum Corp.		5,742		475,495
Devon Energy Corp.		6,089		367,228
Pioneer Natural Resources Co.		2,239		366,099
Apache Corp.		5,806		350,276
Noble Energy, Inc.		6,649		325,136
Hess Corp.		4,703		319,193
Continental Resources, Inc.^*		7,058		308,223
Concho Resources, Inc.^*		2,414		279,831
Equities Corp.		3,226		267,339
Cabot Oil & Gas Corp. — Class A		8,869		261,902
Cimarex Energy Co.		2,084		239,848
Antero Resources Corp.^*		6,540		230,993
Range Resources Corp.		4,410		229,496
Chesapeake Energy Corp.¹		15,530		219,905
Southwestern Energy Co.^*		9,038		209,591
Newfield Exploration Co.^*		5,224		183,310
Energen Corp.		2,529		166,914
Canadian Natural Resources Ltd.		5,334		163,807
Encana Corp.		14,688		163,771
Diamondback Energy, Inc.^*		2,120		162,901
Whiting Petroleum Corp.^*		4,897		151,317
SM Energy Co.		2,863		147,960
Memorial Resource Development Corp.^*		8,340		147,952
Gulfport Energy Corp.^*		3,158		144,984
Cobalt International Energy, Inc.^*		15,385		144,773
QEP Resources, Inc.		6,764		141,029
Rice Energy, Inc.^*		6,300		137,088
California Resources Corp.		17,265		131,387
Talisman Energy, Inc.		16,518		126,858
Laredo Petroleum, Inc.^*		9,630		125,575
Ultra Petroleum Corp.^*,1		7,360		115,037
Denbury Resources, Inc.¹		15,618		113,855
Carrizo Oil & Gas, Inc.^*		2,289		113,649
CNOOC Ltd. ADR		790		112,038
Oasis Petroleum, Inc.^*,1		7,524		106,991
WPX Energy, Inc.^*		9,635		105,311
PDC Energy, Inc.^*		1,940		104,838
RSP Permian, Inc.^*		3,970		100,004
Rosetta Resources, Inc.^*		4,869		82,870
Bonanza Creek Energy, Inc.^*		3,360		82,858
Sanchez Energy Corp.^*,1		5,340		69,473
Stone Energy Corp.^*		4,500		66,060
Comstock Resources, Inc.¹		8,123		28,999
Total Oil Company-Exploration & Production				9,569,009
Oil Company-Integrated - 16.5%
Exxon Mobil Corp.		15,831		1,345,634
Chevron Corp.		9,302		976,523
Marathon Oil Corp.		11,146		291,022
Royal Dutch Shell plc — Class A ADR		4,498		268,306
Petroleo Brasileiro S.A. ADR¹		43,748		262,925
BP plc ADR		5,835		228,207
Murphy Oil Corp.		4,451		207,417
Suncor Energy, Inc.		5,850		171,113
Statoil ASA ADR		7,200		126,648
Sasol Ltd. ADR		3,540		120,502
Cenovus Energy, Inc.		7,050		119,004
YPF S.A. ADR		3,810		104,585
Total Oil Company-Integrated				4,221,886
Oil-Field Services - 11.8%
Schlumberger Ltd.		9,154		763,810
Halliburton Co.		10,051		441,038
Baker Hughes, Inc.		6,198		394,069
Oceaneering International, Inc.		3,347		180,504
Targa Resources Corp.		1,820		174,338
Weatherford International plc^*		13,344		164,131
Core Laboratories N.V.		1,487		155,377
Superior Energy Services, Inc.		6,355		141,971
Exterran Holdings, Inc.		3,569		119,811
Oil States International, Inc.^*		2,642		105,072
Bristow Group, Inc.		1,780		96,921
Helix Energy Solutions Group, Inc.^*		6,469		96,776
CARBO Ceramics, Inc.¹		2,020		61,630
C&J Energy Services Ltd.^*		5,370		59,768
Basic Energy Services, Inc.^*		6,710		46,500
Total Oil-Field Services				3,001,716
Oil Refining & Marketing - 9.7%
Phillips 66		6,124		481,345
Valero Energy Corp.		6,756		429,817
Marathon Petroleum Corp.		3,834		392,563
Cheniere Energy, Inc.^*		4,069		314,941
Tesoro Corp.		2,751		251,139
HollyFrontier Corp.		5,069		204,129
Western Refining, Inc.		3,230		159,530
PBF Energy, Inc. — Class A		3,940		133,645
Delek US Holdings, Inc.		2,820		112,095
Total Oil Refining & Marketing				2,479,204
Pipelines - 8.4%
Kinder Morgan, Inc.		16,240		683,054
Williams Companies, Inc.		9,222		466,541
Spectra Energy Corp.		9,734		352,079
ONEOK, Inc.		4,969		239,705
SemGroup Corp. — Class A		1,770		143,972
Enbridge, Inc.		2,680		129,980
TransCanada Corp.		2,960		126,451
Total Pipelines				2,141,782
Oil & Gas Drilling - 7.1%
Transocean Ltd.¹		17,063		250,314
Ensco plc — Class A		9,897		208,530
Nabors Industries Ltd.		14,942		203,958
Helmerich & Payne, Inc.		2,973		202,372
Noble Corporation plc		13,711		195,793
Seadrill Ltd.¹		17,739		165,860
Diamond Offshore Drilling, Inc.¹		5,145		137,835
Patterson-UTI Energy, Inc.		6,777		127,238
Parsley Energy, Inc. — Class A^*		7,030		112,339
Rowan Companies plc — Class A		6,080		107,677
Atwood Oceanics, Inc.		3,510		98,666
Total Oil & Gas Drilling				1,810,582

Energy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.6% (continued)
Oil Field Machinery & Equipment - 4.2%
National Oilwell Varco, Inc.		6,761	$	337,982
Cameron International Corp.^*		4,859		219,238
FMC Technologies, Inc.^*		5,782		213,992
Dresser-Rand Group, Inc.^*		2,270		182,395
Dril-Quip, Inc.^*		1,769		120,982
Total Oil Field Machinery & Equipment				1,074,589
Transport-Marine - 1.1%
Golar LNG Ltd.¹		3,510		116,812
Teekay Corp.		2,380		110,837
Tidewater, Inc.		3,369		64,483
Total Transport-Marine				292,132
Coal - 1.0%
CONSOL Energy, Inc.		6,716		187,309
Peabody Energy Corp.¹		16,017		78,804
Total Coal				266,113
Retail-Petroleum Products - 0.6%
World Fuel Services Corp.		2,630		151,172
Steel Pipe & Tube - 0.5%
Tenaris S.A. ADR		4,626		129,528
Diversified Minerals - 0.5%
US Silica Holdings, Inc.¹		3,240		115,376
Non-Ferrous Metals - 0.4%
Cameco Corp.		7,299		101,675
Energy-Alternate Sources - 0.3%
Green Plains, Inc.		2,240		63,952
Total Common Stocks
(Cost $18,353,567)				25,418,716

	Face Amount
REPURCHASE AGREEMENT^††^,2 - 0.4%
HSBC Group issued 03/31/15 at 0.03% due 04/01/15	$	105,616		105,616
Total Repurchase Agreement
(Cost $105,616)				105,616

SECURITIES LENDING COLLATERAL^††^,3 - 4.8%
Repurchase Agreements
HSBC Securities, Inc. issued 03/31/15 at 0.10% due 04/01/15		804,759		804,759
BNP Paribas Securities Corp. issued 03/31/15 at 0.10% due 04/01/15		276,837		276,837
Barclays Capital, Inc. issued 03/31/15 at 0.10% due 04/01/15		142,893		142,893
Total Securities Lending Collateral
(Cost $1,224,489)				1,224,489
Total Investments - 104.8%
(Cost $19,683,672)			$	26,748,821
Other Assets & Liabilities, net - (4.8)%				(1,223,226	)
Total Net Assets - 100.0%			$	25,525,595

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	All or portion of this security is on loan at March 31, 2015 — See Note 5.
²	Repurchase Agreement — See Note 4.
³	Securities lending collateral — See Note 5.

	ADR — American Depositary Receipt
	plc — Public Limited Company

Energy Services Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.3%
Oil-Field Services - 48.8%
Schlumberger Ltd.		23,334	$	1,946,988
Halliburton Co.		26,966		1,183,268
Baker Hughes, Inc.		15,783		1,003,483
Oceaneering International, Inc.		8,515		459,214
Superior Energy Services, Inc.		16,187		361,618
Weatherford International plc^*		27,446		337,586
RPC, Inc.		25,630		328,320
Core Laboratories N.V.		2,925		305,633
Exterran Holdings, Inc.		9,077		304,715
Oil States International, Inc.^*		6,735		267,851
Bristow Group, Inc.		4,535		246,931
Helix Energy Solutions Group, Inc.^*		16,493		246,735
SEACOR Holdings, Inc.^*		3,049		212,424
Frank's International N.V.		9,006		168,412
CARBO Ceramics, Inc.¹		5,154		157,249
C&J Energy Services Ltd.^*		13,675		152,203
Basic Energy Services, Inc.^*		17,098		118,489
Gulfmark Offshore, Inc. — Class A		8,091		105,507
Total Oil-Field Services				7,906,626
Oil & Gas Drilling - 25.4%
Transocean Ltd.¹		36,476		535,103
Helmerich & Payne, Inc.		7,566		515,018
Ensco plc — Class A		22,157		466,848
Nabors Industries Ltd.		31,545		430,589
Noble Corporation plc		29,277		418,076
Diamond Offshore Drilling, Inc.¹		13,123		351,565
Seadrill Ltd.¹		36,718		343,313
Patterson-UTI Energy, Inc.		17,257		324,000
Rowan Companies plc — Class A		15,496		274,434
Atwood Oceanics, Inc.		8,944		251,416
Precision Drilling Corp.		32,119		203,634
Total Oil & Gas Drilling				4,113,996
Oil Field Machinery & Equipment - 18.4%
National Oilwell Varco, Inc.		17,233		861,478
Cameron International Corp.^*		12,378		558,495
FMC Technologies, Inc.^*		14,731		545,194
Dresser-Rand Group, Inc.^*		5,770		463,620
Dril-Quip, Inc.^*		4,501		307,823
Forum Energy Technologies, Inc.^*		13,050		255,780
Total Oil Field Machinery & Equipment				2,992,390
Transport-Marine - 2.0%
Tidewater, Inc.¹		8,574		164,106
Hornbeck Offshore Services, Inc.^*		8,176		153,791
Total Transport-Marine				317,897
Diversified Minerals - 1.8%
US Silica Holdings, Inc.¹		8,264		294,281
Steel Pipe & Tube - 1.5%
Tenaris S.A. ADR		8,675		242,900
Oil Company-Exploration & Production - 1.4%
Unit Corp.^*		8,213		229,800
Total Common Stocks
(Cost $12,288,263)				16,097,890

	Face Amount
REPURCHASE AGREEMENT^††^,2 - 0.6%
HSBC Group issued 03/31/15 at 0.03% due 04/01/15	$	91,285		91,285
Total Repurchase Agreement
(Cost $91,285)				91,285

SECURITIES LENDING COLLATERAL^††^,3 - 7.5%
Repurchase Agreements
HSBC Securities, Inc. issued 03/31/15 at 0.10% due 04/01/15		798,987		798,987
BNP Paribas Securities Corp. issued 03/31/15 at 0.10% due 04/01/15		274,852		274,852
Barclays Capital, Inc. issued 03/31/15 at 0.10% due 04/01/15		141,868		141,868
Total Securities Lending Collateral
(Cost $1,215,707)				1,215,707
Total Investments - 107.4%
(Cost $13,595,255)			$	17,404,882
Other Assets & Liabilities, net - (7.4)%				(1,197,996	)
Total Net Assets - 100.0%			$	16,206,886

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	All or portion of this security is on loan at March 31, 2015 — See Note 5.
²	Repurchase Agreement — See Note 4.
³	Securities lending collateral — See Note 5.

	ADR — American Depositary Receipt
	plc — Public Limited Company

Europe 1.25x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 59.6%
Consumer, Non-cyclical - 23.1%
Novartis AG ADR		2,213	$	218,224
Nestle S.A. ADR		2,784		209,415
Roche Holding AG ADR		4,848		166,674
Bayer AG ADR		714		107,289
Sanofi ADR		2,091		103,379
GlaxoSmithKline plc ADR		2,085		96,223
British American Tobacco plc ADR		803		83,327
Anheuser-Busch InBev N.V. ADR		665		81,070
AstraZeneca plc ADR		1,089		74,520
Diageo plc ADR		543		60,040
Unilever N.V. — Class Y		1,348		56,292
Reckitt Benckiser Group plc ADR		2,853		48,815
Unilever plc ADR		1,133		47,257
Total Consumer, Non-cyclical				1,352,525
Financial - 15.0%
HSBC Holdings plc ADR		3,308		140,887
Banco Santander S.A. ADR		12,107		90,196
Allianz SE ADR		3,931		68,419
BNP Paribas S.A. ADR		1,928		58,467
Prudential plc ADR		1,099		54,818
Banco Bilbao Vizcaya Argentaria S.A. ADR		5,359		53,751
Lloyds Banking Group plc ADR^*		11,431		53,383
Barclays plc ADR		3,522		51,316
ING Groep N.V. ADR^*		3,314		48,418
UBS AG*		2,439		45,549
AXA S.A. ADR		1,798		45,382
Zurich Insurance Group AG ADR		1,292		43,599
Deutsche Bank AG		1,115		38,724
Credit Suisse Group AG ADR		1,313		35,359
Standard Chartered plc		1,736		27,880
UBS Group AG*		828		15,542
Total Financial				871,690
Energy - 6.5%
Total S.A. ADR		2,043		101,456
BP plc ADR		2,585		101,099
Royal Dutch Shell plc — Class A ADR		1,676		99,973
Eni SpA ADR		1,161		40,182
BG Group plc ADR		2,909		35,941
Total Energy				378,651
Basic Materials - 4.1%
BASF SE ADR		790		78,577
Rio Tinto plc ADR		1,061		43,926
BHP Billiton Ltd. ADR		839		38,988
Air Liquide S.A. ADR		1,496		38,440
Glencore plc ADR		4,269		36,158
Total Basic Materials				236,089
Communications - 3.8%
Vodafone Group plc ADR		2,285		74,674
Telefonica S.A. ADR		3,527		50,612
Deutsche Telekom AG ADR		2,681		48,888
BT Group plc ADR		701		45,684
Total Communications				219,858
Consumer, Cyclical - 2.7%
Daimler AG ADR		858		80,223
LVMH Moet Hennessy Louis Vuitton SE ADR		1,173		41,337
Cie Financiere Richemont S.A. ADR		4,531		36,225
Total Consumer, Cyclical				157,785
Industrial - 2.7%
Siemens AG ADR		680		73,576
ABB Ltd. ADR		1,993		42,192
Schneider Electric SE ADR		2,528		39,159
Total Industrial				154,927
Technology - 1.0%
SAP SE ADR		821		59,252
Utilities - 0.7%
National Grid plc ADR		667		43,095
Total Common Stocks
(Cost $3,025,360)				3,473,872

RIGHTS^† - 0.0%
Telefonica SA
Expires 04/12/15		3,527		569
Total Rights
(Cost $538)				569

MUTUAL FUNDS^† - 0.9%
Guggenheim Strategy Fund I¹		2,189		54,502
Total Mutual Funds
(Cost $54,393)				54,502

	Face Amount		Value
REPURCHASE AGREEMENTS^††^,2 - 25.8%
RBC Capital Markets issued 03/31/15 at 0.05% due 04/01/15	$	500,538		500,538
HSBC Group issued 03/31/15 at 0.03% due 04/01/15		500,538		500,538
UMB Financial Corp. issued 03/31/15 at 0.03% due 04/01/15		499,619		499,619
Total Repurchase Agreements
(Cost $1,500,695)				1,500,695
Total Investments - 86.3%
(Cost $4,580,986)			$	5,029,638
Other Assets & Liabilities, net - 13.7%				795,525
Total Net Assets - 100.0%			$	5,825,163

Europe 1.25x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Contracts		Unrealized Gain (Loss)
CURRENCY FUTURES CONTRACTS PURCHASED^†
June 2015 Euro FX Futures Contracts (Aggregate Value of Contracts $3,900,863)		29	$	7,757

EQUITY FUTURES CONTRACTS PURCHASED^††
June 2015 STOXX 50 Index Futures Contracts (Aggregate Value of Contracts $3,818,490)			105			$	(7,087	)

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Investment in a product that is managed by and/or pays a management fee to a party related to the Adviser.
²	Repurchase Agreements — See Note 4.

	ADR ― American Depositary Receipt
	plc ― Public Limited Company

Financial Services Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.0%
Diversified Banking Institutions - 8.6%
JPMorgan Chase & Co.		4,759	$	288,299
Bank of America Corp.		15,733		242,131
Citigroup, Inc.		4,634		238,744
Goldman Sachs Group, Inc.		939		176,504
Morgan Stanley		4,499		160,569
HSBC Holdings plc ADR		1,773		75,512
Deutsche Bank AG		1,885		65,466
Total Diversified Banking Institutions				1,247,225
Super-Regional Banks-U.S. - 7.6%
Wells Fargo & Co.		5,909		321,450
U.S. Bancorp		3,853		168,261
PNC Financial Services Group, Inc.		1,439		134,172
Capital One Financial Corp.		1,594		125,639
SunTrust Banks, Inc.		2,151		88,385
Fifth Third Bancorp		3,994		75,287
KeyCorp		4,709		66,679
Huntington Bancshares, Inc.		5,257		58,090
Comerica, Inc.		1,210		54,607
Total Super-Regional Banks-U.S.				1,092,570
Multi-Line Insurance - 6.5%
American International Group, Inc.		3,038		166,452
MetLife, Inc.		2,844		143,764
Allstate Corp.		1,492		106,186
ACE Ltd.		864		96,327
Hartford Financial Services Group, Inc.		1,924		80,462
Loews Corp.		1,859		75,903
XL Group plc — Class A		2,002		73,674
Voya Financial, Inc.		1,390		59,923
Cincinnati Financial Corp.		1,073		57,169
Assurant, Inc.		640		39,302
Genworth Financial, Inc. — Class A^*		5,020		36,696
Total Multi-Line Insurance				935,858
Investment Management/Advisory Services - 5.4%
BlackRock, Inc. — Class A		406		148,531
Franklin Resources, Inc.		2,086		107,054
Ameriprise Financial, Inc.		711		93,027
T. Rowe Price Group, Inc.		1,079		87,377
Invesco Ltd.		1,963		77,911
Affiliated Managers Group, Inc.^*		310		66,582
Legg Mason, Inc.		850		46,920
Eaton Vance Corp.		1,010		42,056
Waddell & Reed Financial, Inc. — Class A		800		39,632
Janus Capital Group, Inc.		2,020		34,724
WisdomTree Investments, Inc.		1,510		32,405
Total Investment Management/Advisory Services				776,219
REITs-Diversified - 5.0%
American Tower Corp. — Class A		1,300		122,394
Crown Castle International Corp.		1,213		100,121
Vornado Realty Trust		819		91,728
Weyerhaeuser Co.		2,417		80,124
Digital Realty Trust, Inc.		889		58,638
Plum Creek Timber Company, Inc.		1,244		54,052
Duke Realty Corp.		2,465		53,663
Lamar Advertising Co. — Class A		780		46,231
Liberty Property Trust		1,255		44,804
EPR Properties		600		36,018
Rayonier, Inc.		1,326		35,749
Total REITs-Diversified				723,522
Reinsurance - 4.6%
Berkshire Hathaway, Inc. — Class B^*		2,525		364,407
PartnerRe Ltd.		590		67,455
Everest Re Group Ltd.		368		64,032
RenaissanceRe Holdings Ltd.		620		61,833
Axis Capital Holdings Ltd.		1,190		61,380
Reinsurance Group of America, Inc. — Class A		520		48,459
Total Reinsurance				667,566
Commercial Banks-Non-U.S. - 4.1%
ICICI Bank Ltd. ADR		6,995		72,469
Royal Bank of Canada		1,190		71,828
Banco Bradesco S.A. ADR		7,650		70,988
Toronto-Dominion Bank		1,600		68,560
Banco Santander S.A. ADR		8,958		66,737
HDFC Bank Ltd. ADR		1,130		66,546
Credicorp Ltd.		440		61,877
Bank of Montreal		1,010		60,570
Bank of Nova Scotia		1,180		59,271
Total Commercial Banks-Non-U.S.				598,846
REITs-Apartments - 3.8%
Equity Residential		1,305		101,607
AvalonBay Communities, Inc.		528		92,004
Essex Property Trust, Inc.		317		72,878
UDR, Inc.		1,690		57,511
Camden Property Trust		643		50,238
Apartment Investment & Management Co. — Class A		1,222		48,098
Mid-America Apartment Communities, Inc.		610		47,135
American Campus Communities, Inc.		1,007		43,170
Home Properties, Inc.		560		38,802
Total REITs-Apartments				551,443
Life/Health Insurance - 3.7%
Prudential Financial, Inc.		1,428		114,683
Aflac, Inc.		1,621		103,760
Principal Financial Group, Inc.		1,449		74,435
Lincoln National Corp.		1,274		73,204
Manulife Financial Corp.		3,390		57,664
Unum Group		1,666		56,194
Torchmark Corp.		940		51,625
Total Life/Health Insurance				531,565
Property & Casualty Insurance - 3.6%
Travelers Companies, Inc.		1,046		113,104
Chubb Corp.		924		93,416
Progressive Corp.		2,851		77,547
Arch Capital Group Ltd.^*		950		58,520

Financial Services Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.0% (continued)
Property & Casualty Insurance - 3.6% (continued)
Alleghany Corp.^*		113	$	55,031
WR Berkley Corp.		960		48,490
AmTrust Financial Services, Inc.		750		42,739
First American Financial Corp.		1,070		38,178
Total Property & Casualty Insurance				527,025
REITs-Office Property - 3.5%
Boston Properties, Inc.		646		90,750
SL Green Realty Corp.		542		69,582
American Realty Capital Properties, Inc.		5,868		57,800
Alexandria Real Estate Equities, Inc.		520		50,981
Kilroy Realty Corp.		666		50,729
BioMed Realty Trust, Inc.		1,882		42,646
Douglas Emmett, Inc.		1,400		41,734
Highwoods Properties, Inc.		890		40,744
Brandywine Realty Trust		2,100		33,558
Corporate Office Properties Trust		1,100		32,318
Total REITs-Office Property				510,842
REITs-Health Care - 2.9%
Health Care REIT, Inc.		1,328		102,733
Ventas, Inc.		1,328		96,970
HCP, Inc.		2,074		89,618
Omega Healthcare Investors, Inc.		1,150		46,656
Senior Housing Properties Trust		2,014		44,691
Medical Properties Trust, Inc.		2,340		34,492
Total REITs-Health Care				415,160
REITs-Regional Malls - 2.8%
Simon Property Group, Inc.		796		155,729
General Growth Properties, Inc.		3,323		98,195
Macerich Co.		798		67,295
Taubman Centers, Inc.		546		42,113
Tanger Factory Outlet Centers, Inc.		1,010		35,522
Total REITs-Regional Malls				398,854
REITs-Shopping Centers - 2.7%
Kimco Realty Corp.		2,419		64,950
Federal Realty Investment Trust		419		61,681
Brixmor Property Group, Inc.		2,090		55,490
DDR Corp.		2,720		50,646
Regency Centers Corp.		730		49,669
Weingarten Realty Investors		1,141		41,053
WP GLIMCHER, Inc.		2,038		33,892
Urban Edge Properties		1,274		30,194
Total REITs-Shopping Centers				387,575
Finance-Investment Bankers/Brokers - 2.5%
Charles Schwab Corp.		3,995		121,607
TD Ameritrade Holding Corp.		2,333		86,928
ETRADE Financial Corp.^		1,960		55,968
Raymond James Financial, Inc.		960		54,509
LPL Financial Holdings, Inc.		890		39,035
Total Finance-Investment Bankers/Brokers				358,047
Commercial Banks-Western U.S. - 2.2%
First Republic Bank		970		55,377
SVB Financial Group^*		390		49,546
East West Bancorp, Inc.		1,160		46,934
Zions Bancorporation		1,686		45,522
City National Corp.		480		42,758
PacWest Bancorp		910		42,670
Umpqua Holdings Corp.		2,210		37,968
Total Commercial Banks-Western U.S.				320,775
Fiduciary Banks - 2.1%
Bank of New York Mellon Corp.		3,208		129,089
State Street Corp.		1,435		105,516
Northern Trust Corp.		1,103		76,824
Total Fiduciary Banks				311,429
Insurance Brokers - 2.1%
Marsh & McLennan Companies, Inc.		1,871		104,944
Aon plc		914		87,854
Willis Group Holdings plc		1,200		57,816
Arthur J Gallagher & Co.		1,140		53,295
Total Insurance Brokers				303,909
REITs-Hotels - 2.1%
Host Hotels & Resorts, Inc.		3,685		74,362
Hospitality Properties Trust		1,322		43,613
LaSalle Hotel Properties		1,031		40,065
RLJ Lodging Trust		1,263		39,545
Sunstone Hotel Investors, Inc.		2,177		36,291
Strategic Hotels & Resorts, Inc.^*		2,910		36,171
DiamondRock Hospitality Co.		2,290		32,358
Total REITs-Hotels				302,405
Finance-Other Services - 2.1%
CME Group, Inc. — Class A		1,110		105,128
Intercontinental Exchange, Inc.		416		97,040
NASDAQ OMX Group, Inc.		1,116		56,849
CBOE Holdings, Inc.		730		41,906
Total Finance-Other Services				300,923
REITs-Storage - 2.0%
Public Storage		576		113,553
Extra Space Storage, Inc.		820		55,407
Iron Mountain, Inc.		1,440		52,531
CubeSmart		1,620		39,123
Sovran Self Storage, Inc.		380		35,697
Total REITs-Storage				296,311
Finance-Consumer Loans - 1.8%
Synchrony Financial^*		3,140		95,299
Navient Corp.		2,760		56,111
Santander Consumer USA Holdings, Inc.		2,370		54,842
SLM Corp.^*		4,192		38,902
Ocwen Financial Corp.^*,1		2,449		20,204
Total Finance-Consumer Loans				265,358
Finance-Credit Card - 1.8%
American Express Co.		2,171		169,599
Discover Financial Services		1,686		95,006
Total Finance-Credit Card				264,605
Commercial Services-Finance - 1.7%
McGraw Hill Financial, Inc.		990		102,366
Moody's Corp.		885		91,863
SEI Investments Co.		1,199		52,864
Total Commercial Services-Finance				247,093

Financial Services Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.0% (continued)
REITs-Mortgage - 1.7%
Annaly Capital Management, Inc.		5,852	$	60,860
American Capital Agency Corp.		2,488		53,069
Starwood Property Trust, Inc.		1,890		45,927
NorthStar Realty Finance Corp.		2,508		45,445
Two Harbors Investment Corp.		3,630		38,551
Total REITs-Mortgage				243,852
Commercial Banks-Southern U.S. - 1.7%
BB&T Corp.		2,636		102,778
Regions Financial Corp.		7,199		68,031
Synovus Financial Corp.		1,340		37,533
First Horizon National Corp.		2,480		35,439
Total Commercial Banks-Southern U.S.				243,781
Real Estate Management/Services - 1.6%
CBRE Group, Inc. — Class A^*		1,893		73,278
Jones Lang LaSalle, Inc.		320		54,528
WP Carey, Inc.		760		51,680
Realogy Holdings Corp.^*		1,112		50,574
Total Real Estate Management/Services				230,060
Commercial Banks-Eastern U.S. - 1.5%
M&T Bank Corp.		628		79,756
CIT Group, Inc.		1,225		55,272
Signature Bank^*		370		47,945
Webster Financial Corp.		980		36,309
Total Commercial Banks-Eastern U.S.				219,282
Savings & Loans/Thrifts-Eastern U.S. - 1.5%
New York Community Bancorp, Inc.		3,165		52,951
Hudson City Bancorp, Inc.		4,403		46,144
People's United Financial, Inc.		2,772		42,134
Investors Bancorp, Inc.		3,410		39,965
First Niagara Financial Group, Inc.		3,860		34,122
Total Savings & Loans/Thrifts-Eastern U.S.				215,316
REITs-Single Tenant - 1.1%
Realty Income Corp.		1,291		66,615
National Retail Properties, Inc.		1,114		45,641
Spirit Realty Capital, Inc.		3,610		43,609
Total REITs-Single Tenant				155,865
Financial Guarantee Insurance - 0.9%
Assured Guaranty Ltd.		2,270		59,906
Radian Group, Inc.		2,080		34,923
MGIC Investment Corp.^*		3,580		34,475
Total Financial Guarantee Insurance				129,304
REITs-Warehouse/Industries - 0.9%
Prologis, Inc.		2,142		93,305
DCT Industrial Trust, Inc.		986		34,175
Total REITs-Warehouse/Industries				127,480
Commercial Banks-Central U.S. - 0.7%
Cullen/Frost Bankers, Inc.		590		40,757
Prosperity Bancshares, Inc.		720		37,786
Texas Capital Bancshares, Inc.^*		600		29,190
Total Commercial Banks-Central U.S.				107,733
Investment Companies - 0.6%
Ares Capital Corp.		2,660		45,672
American Capital Ltd.^*		2,620		38,750
Total Investment Companies				84,422
Finance-Auto Loans - 0.4%
Ally Financial, Inc.^*		2,950		61,891
Diversified Operations - 0.4%
Leucadia National Corp.		2,416		53,853
Finance-Mortgage Loan/Banker - 0.4%
Home Loan Servicing Solutions Ltd.		3,240		53,590
Decision Support Software - 0.4%
MSCI, Inc. — Class A		850		52,114
Total Common Stocks
(Cost $10,343,159)				14,313,668

PREFERRED STOCKS^† - 0.6%
Commercial Banks-Non-U.S. - 0.6%
Itau Unibanco Holding S.A. ADR 4.50%		7,440		82,286
Total Preferred Stocks
(Cost $83,936)				82,286

	Face Amount
SECURITIES LENDING COLLATERAL^††^,2 - 0.1%
Repurchase Agreements
HSBC Securities, Inc. issued 03/31/15 at 0.10% due 04/01/15	$	10,460		10,460
BNP Paribas Securities Corp. issued 03/31/15 at 0.10% due 04/01/15		3,599		3,599
Barclays Capital, Inc. issued 03/31/15 at 0.10% due 04/01/15		1,858		1,858
Total Securities Lending Collateral
(Cost $15,917)				15,917
Total Investments - 99.7%
(Cost $10,443,012)			$	14,411,871
Other Assets & Liabilities, net - 0.3%				39,766
Total Net Assets - 100.0%			$	14,451,637

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	All or portion of this security is on loan at March 31, 2015 — See Note 5.
²	Securities lending collateral — See Note 5.

	ADR — American Depositary Receipt
	plc — Public Limited Company
	REIT — Real Estate Investment Trust

Global Managed Futures Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
MUTUAL FUNDS^† - 66.0%
Guggenheim Variable Insurance Strategy Fund III¹		120,059	$	2,996,665
Guggenheim Strategy Fund II¹		107,601		2,680,334
Guggenheim Strategy Fund III¹		79,580		1,985,525
Guggenheim Strategy Fund I¹		40,495		1,008,330
Total Mutual Funds
(Cost $8,669,112)				8,670,854

	Face Amount
FEDERAL AGENCY DISCOUNT NOTES^†† - 7.6%
Farmer Mac²
0.04% due 04/02/15	$	300,000		300,000
Fannie Mae³
0.09% due 05/01/15		300,000		299,989
Freddie Mac³
0.10% due 08/07/15		300,000		299,900
Federal Home Loan Bank²
0.04% due 04/09/15		100,000		99,999
Total Federal Agency Discount Notes
(Cost $999,870)				999,888

REPURCHASE AGREEMENTS^††,⁴ - 12.1%
RBC Capital Markets issued 03/31/15 at 0.05% due 04/01/15		530,963		530,963
HSBC Group issued 03/31/15 at 0.03% due 04/01/15		530,963		530,963
UMB Financial Corp. issued 03/31/15 at 0.03% due 04/01/15		529,988		529,988
Total Repurchase Agreements
(Cost $1,591,914)				1,591,914
Total Investments - 85.7%
(Cost $11,260,896)			$	11,262,656
Other Assets & Liabilities, net - 14.3%				1,881,145
Total Net Assets - 100.0%			$	13,143,801

	Contracts		Unrealized Gain (Loss)
INTEREST RATE FUTURES CONTRACTS PURCHASED^†
June 2015 Euro - Bund Futures Contracts^†† (Aggregate Value of Contracts $3,243,429)		19	$	45,166
June 2015 Australian Government 10 Year Bond Futures Contracts^†† (Aggregate Value of Contracts $2,326,014)		23		28,876
June 2015 U.S. Treasury 5 Year Note Futures Contracts (Aggregate Value of Contracts $2,644,469)		22		27,418
June 2015 Euro - Schatz Futures Contracts^†† (Aggregate Value of Contracts $39,813,233)		333		22,357
June 2015 U.S. Treasury Long Bond Futures Contracts (Aggregate Value of Contracts $1,147,563)		7		18,799
June 2015 Euro - Bobl Futures Contracts^†† (Aggregate Value of Contracts $7,513,271)		54		15,596
June 2015 U.S. Treasury Ultra Long Bond Futures Contracts (Aggregate Value of Contracts $680,000)		4		15,248
June 2015 Japanese Government 10 Year Bond Futures Contracts^†† (Aggregate Value of Contracts $7,362,681)		6		13,525
June 2015 Australian Government 3 Year Bond Futures Contracts^†† (Aggregate Value of Contracts $4,031,486)		47		12,187
June 2015 U.S. Treasury 10 Year Note Futures Contracts (Aggregate Value of Contracts $1,546,875)		12		11,980
June 2015 Canadian Government 10 Year Bond Futures Contracts^†† (Aggregate Value of Contracts $2,366,844)		21		3,746
June 2015 Long Gilt Futures Contracts^†† (Aggregate Value of Contracts $894,868)		5		(3,293	)
(Total Aggregate Value of Contracts $73,570,733)			$	211,605

COMMODITY FUTURES CONTRACTS PURCHASED^†
June 2015 Live Cattle Futures Contracts (Aggregate Value of Contracts $975,681)		16	$	32,355
May 2015 LME Lead Futures Contracts (Aggregate Value of Contracts $500,528)		11		18,879
June 2015 Gold 100 oz. Futures Contracts (Aggregate Value of Contracts $118,400)		1		(107	)
May 2015 LME Zinc Futures Contracts (Aggregate Value of Contracts $259,763)		5		(1,174	)
May 2015 Silver Futures Contracts (Aggregate Value of Contracts $249,450)		3		(2,910	)

Global Managed Futures Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Contracts		Unrealized Gain (Loss)
COMMODITY FUTURES CONTRACTS PURCHASED^† (continued)
May 2015 WTI Crude Futures Contracts (Aggregate Value of Contracts $94,980)		2	$	(3,361	)
(Total Aggregate Value of Contracts $2,198,802)			$	43,682

EQUITY FUTURES CONTRACTS PURCHASED^†
June 2015 Topix Index Futures Contracts^†† (Aggregate Value of Contracts $1,544,693)		12	$	17,282
June 2015 Nikkei 225 (OSE) Index Futures Contracts^†† (Aggregate Value of Contracts $961,564)		6		15,544
June 2015 S&P MidCap 400 Index Mini Futures Contracts (Aggregate Value of Contracts $608,080)		4		14,269
April 2015 IBEX 35 Index Futures Contracts^†† (Aggregate Value of Contracts $369,357)		3		11,348
April 2015 H-Shares Index Futures Contracts^†† (Aggregate Value of Contracts $321,703)		4		11,110
June 2015 Dow Jones Industrial Average Index Mini Futures Contracts (Aggregate Value of Contracts $442,375)		5		2,593
June 2015 S&P 500 Index Mini Futures Contracts (Aggregate Value of Contracts $205,950)		2		2,502
June 2015 NASDAQ-100 Index Mini Futures Contracts (Aggregate Value of Contracts $1,211,910)		14		1,293
June 2015 SPI 200 Index Futures Contracts^†† (Aggregate Value of Contracts $334,400)		3		1,193
June 2015 DAX Index Futures Contracts^†† (Aggregate Value of Contracts $321,580)		1		791
June 2015 Russell 2000 Index Mini Futures Contracts (Aggregate Value of Contracts $124,920)		1		216
April 2015 Amsterdam Index Futures Contracts^†† (Aggregate Value of Contracts $1,155,163)		11		(13,845	)
June 2015 FTSE 100 Index Futures Contracts^†† (Aggregate Value of Contracts $995,608)		10		(24,568	)
(Total Aggregate Value of Contracts $8,597,303)			$	39,728

COMMODITY FUTURES CONTRACTS SOLD SHORT^†
May 2015 Sugar #11 Futures Contracts (Aggregate Value of Contracts $941,584)		70	$	135,923
May 2015 LME Nickel Futures Contracts (Aggregate Value of Contracts $371,040)		5		35,509
May 2015 Corn Futures Contracts (Aggregate Value of Contracts $301,000)		16		15,049
May 2015 Gas Oil Futures Contracts (Aggregate Value of Contracts $521,500)		10		14,022
June 2015 Brent Crude Futures Contracts (Aggregate Value of Contracts $224,760)		4		8,417
May 2015 Coffee 'C' Futures Contracts (Aggregate Value of Contracts $49,744)		1		3,113
May 2015 Gasoline RBOB Futures Contracts (Aggregate Value of Contracts $74,386)		1		2,656
May 2015 Wheat Futures Contracts (Aggregate Value of Contracts $128,188)		5		1,603
May 2015 Natural Gas Futures Contracts (Aggregate Value of Contracts $52,740)		2		14
May 2015 Soybean Futures Contracts (Aggregate Value of Contracts $340,463)		7		(1,055	)
May 2015 Hard Red Winter Wheat Futures Contracts (Aggregate Value of Contracts $308,413)		11		(2,346	)
June 2015 Lean Hogs Futures Contracts (Aggregate Value of Contracts $791,180)		26		(4,074	)
May 2015 LME Primary Aluminum Futures Contracts (Aggregate Value of Contracts $845,144)		19		(5,794	)

Global Managed Futures Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Contracts		Unrealized Gain (Loss)
COMMODITY FUTURES CONTRACTS SOLD SHORT^† (continued)
May 2015 Cotton #2 Futures Contracts (Aggregate Value of Contracts $315,500)		10	$	(10,138	)
(Total Aggregate Value of Contracts $5,265,642)			$	192,899

EQUITY FUTURES CONTRACTS SOLD SHORT^†
April 2015 CAC40 10 Euro Index Futures Contracts^†† (Aggregate Value of Contracts $432,658)		8	$	1,108
April 2015 MSCI Taiwan Stock Index Futures Contracts (Aggregate Value of Contracts $105,642)		3		(368	)
April 2015 Hang Seng Index Futures Contracts^†† (Aggregate Value of Contracts $161,071)		1		(3,319	)
(Total Aggregate Value of Contracts $699,371)			$	(2,579	)

CURRENCY FUTURES CONTRACTS SOLD SHORT^†
June 2015 British Pound Futures Contracts (Aggregate Value of Contracts $741,400)		8	$	7,798
June 2015 Canadian Dollar Futures Contracts (Aggregate Value of Contracts $236,610)		3		757
June 2015 Euro FX Futures Contracts (Aggregate Value of Contracts $807,075)		6		(3,847	)
June 2015 Japanese Yen Futures Contracts (Aggregate Value of Contracts $1,982,175)		19		(17,241	)
June 2015 Swiss Franc Futures Contracts (Aggregate Value of Contracts $645,063)		5		(17,842	)
(Total Aggregate Value of Contracts $4,412,323)			$	(30,375	)

^†	Value determined based on Level 1 inputs, unless otherwise noted — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Investment in a product that is managed by and/or pays a management fee to a party related to the Adviser — See Note 7.
²	The issuer operates under a Congressional charter; its securities are neither issued nor guaranteed by the U.S. Government.
³	On September 7, 2008, the issuer was placed in conservatorship by the Federal Housing Finance Agency (FHFA). As conservator, the FHFA has full powers to control the assets and operations of the firm.
⁴	Repurchase Agreements — See Note 4.

Government Long Bond 1.2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
MUTUAL FUNDS^† - 16.6%
Guggenheim Strategy Fund I¹		153,684	$	3,826,720
Total Mutual Funds
(Cost $3,827,086)				3,826,720

	Face Amount
U.S. GOVERNMENT SECURITIES^†† - 41.7%
U.S. Treasury Bonds
2.50% due 02/15/45	$	9,701,000		9,619,147
Total U.S. Government Securities
(Cost $9,370,239)				9,619,147

FEDERAL AGENCY DISCOUNT NOTES^†† - 13.0%
Federal Home Loan Bank²
0.04% due 04/01/15		1,000,000		1,000,000
Farmer Mac²
0.05% due 04/15/15		1,000,000		999,983
Fannie Mae³
0.02% due 04/06/15		500,000		499,999
Federal Farm Credit Bank²
0.05% due 07/01/15		500,000		499,911
Total Federal Agency Discount Notes
(Cost $2,999,918)				2,999,893

REPURCHASE AGREEMENTS^††,⁴ - 20.7%
RBC Capital Markets issued 03/31/15 at 0.05% due 04/01/15		1,597,451		1,597,451
HSBC Group issued 03/31/15 at 0.03% due 04/01/15		1,597,450		1,597,450
UMB Financial Corp. issued 03/31/15 at 0.03% due 04/01/15		1,594,519		1,594,519
Total Repurchase Agreements
(Cost $4,789,420)				4,789,420
Total Investments - 92.0%
(Cost $20,986,663)			$	21,235,180
Other Assets & Liabilities, net - 8.0%				1,856,331
Total Net Assets - 100.0%			$	23,091,511

	Contracts		Unrealized Gain
INTEREST RATE FUTURES CONTRACTS PURCHASED^†
June 2015 U.S. Treasury Ultra Long Bond Futures Contracts (Aggregate Value of Contracts $22,440,000)		132	$	262,913

^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Investment in a product that is managed by and/or pays a management fee to a party related to the Adviser — See Note 7.
²	The issuer operates under a Congressional charter; its securities are neither issued nor guaranteed by the U.S. Government.
³	On September 7, 2008, the issuer was placed in conservatorship by the Federal Housing Finance Agency (FHFA). As conservator, the FHFA has full powers to control the assets and operations of the firm.
⁴	Repurchase Agreements — See Note 4.

Health Care Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.2%
Medical-Drugs - 26.3%
Johnson & Johnson		16,325	$	1,642,294
Pfizer, Inc.		41,599		1,447,228
Merck & Company, Inc.		21,944		1,261,341
Bristol-Myers Squibb Co.		15,336		989,172
AbbVie, Inc.		16,157		945,831
Eli Lilly & Co.		12,339		896,428
Abbott Laboratories		17,395		805,910
Valeant Pharmaceuticals International, Inc.^*		3,994		793,288
Endo International plc^*		5,781		518,556
Zoetis, Inc.		10,196		471,973
Novartis AG ADR		4,263		420,374
Shire plc ADR		1,720		411,579
Mallinckrodt plc^*		2,978		377,164
GlaxoSmithKline plc ADR		7,705		355,586
OPKO Health, Inc.^*,1		24,806		351,501
Jazz Pharmaceuticals plc^*		2,034		351,455
AstraZeneca plc ADR		5,059		346,187
Novo Nordisk A/S ADR		6,409		342,177
Alkermes plc^*		5,450		332,287
Salix Pharmaceuticals Ltd.^*		1,914		330,758
Quintiles Transnational Holdings, Inc.^*		4,300		287,971
Receptos, Inc.^*		1,440		237,442
Akorn, Inc.^*		4,850		230,424
Pacira Pharmaceuticals, Inc.^*		1,910		169,704
ACADIA Pharmaceuticals, Inc.^*		5,170		168,490
Lannett Company, Inc.^*		2,320		157,087
Clovis Oncology, Inc.^*		2,010		149,202
Total Medical-Drugs				14,791,409
Medical-Biomedical/Genetics - 21.6%
Gilead Sciences, Inc.^*		11,945		1,172,164
Amgen, Inc.		6,616		1,057,568
Biogen, Inc.^*		2,289		966,507
Celgene Corp.^*		7,974		919,243
Theravance, Inc.¹		43,370		681,776
Regeneron Pharmaceuticals, Inc.^*		1,441		650,583
Alexion Pharmaceuticals, Inc.^*		3,347		580,035
Vertex Pharmaceuticals, Inc.^*		4,271		503,850
Illumina, Inc.^*		2,609		484,335
BioMarin Pharmaceutical, Inc.^*		3,610		449,878
Incyte Corp.^*		4,290		393,221
Medivation, Inc.^*		2,419		312,220
Alnylam Pharmaceuticals, Inc.^*		2,697		281,621
United Therapeutics Corp.^*		1,580		272,447
Puma Biotechnology, Inc.^*		1,080		254,999
Isis Pharmaceuticals, Inc.^*		3,970		252,770
Juno Therapeutics, Inc.^*		4,000		242,640
Intercept Pharmaceuticals, Inc.^*		842		237,461
Intrexon Corp.^*		4,700		213,239
Seattle Genetics, Inc.^*		5,500		194,425
Bluebird Bio, Inc.^*		1,600		193,232
Charles River Laboratories International, Inc.^*		2,390		189,503
Synageva BioPharma Corp.^*		1,800		175,554
Exact Sciences Corp.^*,1		7,350		161,847
Myriad Genetics, Inc.^*,1		4,560		161,424
Kite Pharma, Inc.^*		2,600		149,968
Celldex Therapeutics, Inc.^*		5,360		149,383
Novavax, Inc.^*		15,700		129,839
Medicines Co.^*		4,600		128,892
ARIAD Pharmaceuticals, Inc.^*		14,400		118,656
Acorda Therapeutics, Inc.^*		3,500		116,480
PDL BioPharma, Inc.		15,113		106,320
Achillion Pharmaceuticals, Inc.^*		10,190		100,473
ZIOPHARM Oncology, Inc.^*,1		9,300		100,161
Total Medical-Biomedical/Genetics				12,102,714
Medical-HMO - 7.6%
UnitedHealth Group, Inc.		8,746		1,034,564
Anthem, Inc.		4,109		634,471
Aetna, Inc.		5,670		604,025
Cigna Corp.		4,461		577,432
Humana, Inc.		2,857		508,603
Centene Corp.^*		4,084		288,698
Health Net, Inc.^*		3,547		214,558
WellCare Health Plans, Inc.^*		2,100		192,066
Molina Healthcare, Inc.^*		2,830		190,431
Total Medical-HMO				4,244,848
Medical Products - 7.2%
Baxter International, Inc.		8,787		601,909
Stryker Corp.		6,292		580,436
Becton Dickinson and Co.		3,683		528,858
Zimmer Holdings, Inc.		3,780		444,226
Henry Schein, Inc.^*		2,382		332,575
Cooper Companies, Inc.		1,625		304,558
Varian Medical Systems, Inc.^*		3,151		296,478
Teleflex, Inc.		1,867		225,590
Sirona Dental Systems, Inc.^*		2,490		224,075
West Pharmaceutical Services, Inc.		3,500		210,735
ABIOMED, Inc.^*		2,600		186,108
Wright Medical Group, Inc.^*		4,330		111,714
Total Medical Products				4,047,262
Medical Instruments - 5.7%
Medtronic plc		14,265		1,112,527
Boston Scientific Corp.^*		27,009		479,410
Intuitive Surgical, Inc.^*		879		443,921
St. Jude Medical, Inc.		6,337		414,440
Edwards Lifesciences Corp.^*		2,549		363,131
DexCom, Inc.^*		3,420		213,203
Thoratec Corp.^*		3,500		146,615
Total Medical Instruments				3,173,247
Medical-Generic Drugs - 5.2%
Actavis plc^*		3,026		900,592
Mylan N.V.^*		8,779		521,034
Teva Pharmaceutical Industries Ltd. ADR		7,826		487,560
Perrigo Company plc		2,766		457,911
Hospira, Inc.^*		4,388		385,442
Impax Laboratories, Inc.^*		3,900		182,793
Total Medical-Generic Drugs				2,935,332
Medical-Wholesale Drug Distribution - 3.1%
McKesson Corp.		3,142		710,720
Cardinal Health, Inc.		5,874		530,246

Health Care Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.2% (continued)
Medical-Wholesale Drug Distribution - 3.1% (continued)
AmerisourceBergen Corp. — Class A		4,318	$	490,827
Total Medical-Wholesale Drug Distribution				1,731,793
Medical-Hospitals - 2.7%
HCA Holdings, Inc.^*		7,485		563,097
Universal Health Services, Inc. — Class B		2,876		338,534
Community Health Systems, Inc.^*		4,687		245,036
Tenet Healthcare Corp.^*		4,378		216,755
LifePoint Hospitals, Inc.^*		2,443		179,438
Total Medical-Hospitals				1,542,860
Therapeutics - 2.6%
MannKind Corp.^*,1		125,900		654,680
Pharmacyclics, Inc.^*		1,700		435,115
Agios Pharmaceuticals, Inc.^*		1,870		176,341
Neurocrine Biosciences, Inc.^*		4,400		174,724
Total Therapeutics				1,440,860
Pharmacy Services - 2.6%
Express Scripts Holding Co.^*		9,149		793,858
Catamaran Corp.^*		6,344		377,722
Omnicare, Inc.		3,462		266,782
Total Pharmacy Services				1,438,362
Instruments-Scientific - 2.3%
Thermo Fisher Scientific, Inc.		5,314		713,883
Waters Corp.^*		2,553		317,389
PerkinElmer, Inc.		4,780		244,449
Total Instruments-Scientific				1,275,721
Medical Information System - 1.5%
Cerner Corp.^*		6,771		496,043
athenahealth, Inc.^*		1,720		205,351
Allscripts Healthcare Solutions, Inc.^*		12,300		147,108
Total Medical Information System				848,502
Medical Labs & Testing Services - 1.2%
Laboratory Corporation of America Holdings^*		2,815		354,907
Quest Diagnostics, Inc.		4,364		335,373
Total Medical Labs & Testing Services				690,280
Dental Supplies & Equipments - 1.2%
DENTSPLY International, Inc.		5,112		260,150
Patterson Companies, Inc.		4,470		218,091
Align Technology, Inc.^*		3,753		201,855
Total Dental Supplies & Equipments				680,096
Physical Practice Management - 0.9%
Envision Healthcare Holdings, Inc.^*		6,960		266,916
MEDNAX, Inc.^*		3,610		261,761
Total Physical Practice Management				528,677
Dialysis Centers - 0.7%
DaVita HealthCare Partners, Inc.^*		5,014		407,538
Electronic Measuring Instruments - 0.6%
Agilent Technologies, Inc.		8,742		363,230
Disposable Medical Products - 0.6%
CR Bard, Inc.		2,033		340,223
Respiratory Products - 0.6%
ResMed, Inc.		4,338		311,382
X-Ray Equipment - 0.5%
Hologic, Inc.^*		9,216		304,358
Instruments-Controls - 0.5%
Mettler-Toledo International, Inc.^*		914		300,386
Diagnostic Kits - 0.5%
IDEXX Laboratories, Inc.^*		1,686		260,453
Retirement/Aged Care - 0.5%
Brookdale Senior Living, Inc. — Class A^*		6,810		257,146
Veterinary Diagnostics - 0.4%
VCA, Inc.^*		3,830		209,961
Human Resources - 0.4%
Team Health Holdings, Inc.^*		3,460		202,445
Medical Sterilizer Products - 0.4%
STERIS Corp.		2,870		201,675
Physical Therapy/Rehab Centers - 0.4%
HealthSouth Corp.		4,500		199,620
Diagnostic Equipment - 0.3%
Cepheid^*		3,430		195,167
Diversified Operations - 0.3%
Horizon Pharma plc^*		7,500		194,775
Research & Development - 0.3%
PAREXEL International Corp.^*		2,797		192,965
Medical-Outpatient/Home Medicine - 0.3%
Amsurg Corp. — Class A^*		2,800		172,256
Medical-Nursing Homes - 0.2%
Kindred Healthcare, Inc.		5,600		133,224
Total Common Stocks
(Cost $36,005,576)				55,718,767

	Face Amount
REPURCHASE AGREEMENT^††^,2 - 1.1%
HSBC Group issued 03/31/15 at 0.03% due 04/01/15	$	637,298	637,298
Total Repurchase Agreement
(Cost $637,298)			637,298

Health Care Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Face Amount		Value
SECURITIES LENDING COLLATERAL^††^,3 - 2.9%
Repurchase Agreements
HSBC Securities, Inc. issued 03/31/15 at 0.10% due 04/01/15	$	1,068,459	$	1,068,459
BNP Paribas Securities Corp. issued 03/31/15 at 0.10% due 04/01/15		367,550		367,550

Barclays Capital, Inc. issued 03/31/15 at 0.10% due 04/01/15	189,716		189,716
Total Securities Lending Collateral
(Cost $1,625,725)			1,625,725
Total Investments - 103.2%
(Cost $38,268,599)		$	57,981,790
Other Assets & Liabilities, net - (3.2)%			(1,823,608	)
Total Net Assets - 100.0%		$	56,158,182

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	All or portion of this security is on loan at March 31, 2015 — See Note 5.
²	Repurchase Agreement — See Note 4.
³	Securities lending collateral — See Note 5.

	ADR — American Depositary Receipt
	plc — Public Limited Company

High Yield Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
EXCHANGE-TRADED FUNDS^† - 16.0%
iShares iBoxx $ High Yield Corporate Bond ETF		30,826	$	2,793,144
SPDR Barclays High Yield Bond ETF		10,437		409,339
Total Exchange-Traded Funds
(Cost $3,218,456)				3,202,483

MUTUAL FUNDS^†^,¹ - 9.0%
Guggenheim Strategy Fund II		36,420		907,214
Guggenheim Strategy Fund I		36,374		905,719
Total Mutual Funds
(Cost $1,812,551)				1,812,933

	Face Amount
REPURCHASE AGREEMENTS^††^,2 - 49.6%
RBC Capital Markets issued 03/31/15 at 0.05% due 04/01/15	$	3,318,997		3,318,997
HSBC Group issued 03/31/15 at 0.03% due 04/01/15		3,318,997		3,318,997
UMB Financial Corp. issued 03/31/15 at 0.03% due 04/01/15		3,312,907		3,312,907
Total Repurchase Agreements
(Cost $9,950,901)				9,950,901
Total Investments - 74.6%
(Cost $14,981,908)			$	14,966,317
Other Assets & Liabilities, net - 25.4%				5,094,986
Total Net Assets - 100.0%			$	20,061,303

	Contracts		Unrealized Gain
INTEREST RATE FUTURES CONTRACTS PURCHASED^†
June 2015 U.S. Treasury 5 Year Note Futures Contracts (Aggregate Value of Contracts $15,025,391)		125	$	76,320

Centrally cleared credit default swap agreement protection sold^††,3
Index	Counterparty	Protection Premium Rate		Maturity Date	Notional Principal		Notional Value			Upfront Premiums Paid		Unrealized Appreciation
CDX.NA.HY–24 Index	Barclays Bank plc	5.00	%	06/20/20	$	16,900,000	$	(18,093,786	)	$	1,144,812	$	48,974

^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Investment in a product that is managed by and/or pays a management fee to a party related to the Adviser — See Note 7.
²	Repurchase Agreements — See Note 4.
³	Credit Default Swaps — See Note 8.

Internet Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.3%
E-Commerce/Services - 14.2%
Priceline Group, Inc.^*		139	$	161,818
Netflix, Inc.^*		260		108,340
Liberty Ventures^*		2,417		101,538
TripAdvisor, Inc.^*		861		71,609
Expedia, Inc.		757		71,256
IAC/InterActiveCorp		740		49,928
Zillow Group, Inc. — Class A^*		487		48,846
Ctrip.com International Ltd. ADR^*		804		47,130
Groupon, Inc. — Class A^*		6,096		43,952
GrubHub, Inc.^*		890		40,397
SouFun Holdings Ltd. ADR		5,820		34,920
58.com, Inc. ADR^*		647		34,213
Bitauto Holdings Ltd. ADR^*		667		33,937
Autohome, Inc. ADR^*		721		31,702
Orbitz Worldwide, Inc.^*		2,020		23,553
Total E-Commerce/Services				903,139
E-Commerce/Products - 10.6%
Amazon.com, Inc.^*		730		271,634
eBay, Inc.^*		2,955		170,444
Alibaba Group Holding Ltd. ADR^*		790		65,760
JD.com, Inc. ADR^*		1,420		41,720
Vipshop Holdings Ltd. ADR^*		1,394		41,039
MercadoLibre, Inc.		262		32,100
zulily, Inc. — Class A^*		2,062		26,785
Shutterfly, Inc.^*		581		26,284
Total E-Commerce/Products				675,766
Web Portals/ISP - 10.4%
Google, Inc. — Class C^*		368		201,663
Google, Inc. — Class A^*		358		198,583
Yahoo!, Inc.^*		3,032		134,727
Baidu, Inc. ADR^*		303		63,145
AOL, Inc.^*		929		36,798
SINA Corp.^*		948		30,488
Total Web Portals/ISP				665,404
Internet Content-Entertainment - 8.6%
Facebook, Inc. — Class A^*		3,946		324,419
Twitter, Inc.^*		2,469		123,648
Pandora Media, Inc.^*		2,474		40,104
Shutterstock, Inc.^*		490		33,648
Youku Tudou, Inc. ADR^*		1,971		24,638
Total Internet Content-Entertainment				546,457
Networking Products - 7.8%
Cisco Systems, Inc.		8,782		241,724
Palo Alto Networks, Inc.^*		499		72,894
Arista Networks, Inc.^*		624		44,011
Infinera Corp.^*		1,690		33,242
Telefonaktiebolaget LM Ericsson ADR		2,367		29,706
Polycom, Inc.^*		2,069		27,725
LogMeIn, Inc.^*		440		24,636
Ruckus Wireless, Inc.^*		1,720		22,136
Total Networking Products				496,074
Applications Software - 6.5%
salesforce.com, Inc.^*		2,030		135,623
Intuit, Inc.		1,086		105,299
Red Hat, Inc.^*		1,073		81,280
Check Point Software Technologies Ltd.^*		434		35,575
Demandware, Inc.^*		500		30,450
Dealertrack Technologies, Inc.^*		767		29,545
Total Applications Software				417,772
Wireless Equipment - 4.7%
Motorola Solutions, Inc.		1,184		78,938
ViaSat, Inc.^*		569		33,919
Aruba Networks, Inc.^*		1,376		33,698
Gogo, Inc.^*,1		1,736		33,088
Ubiquiti Networks, Inc.		1,086		32,091
Nokia Oyj ADR		4,066		30,820
Sierra Wireless, Inc.^*		910		30,112
InterDigital, Inc.		560		28,414
Total Wireless Equipment				301,080
Finance-Investment Bankers/Brokers - 4.4%
Charles Schwab Corp.		4,270		129,979
TD Ameritrade Holding Corp.		2,490		92,777
ETRADE Financial Corp.^		2,099		59,937
Total Finance-Investment Bankers/Brokers				282,693
Telecommunication Equipment - 4.1%
Harris Corp.		780		61,432
Juniper Networks, Inc.		2,717		61,350
CommScope Holding Company, Inc.^*		1,630		46,520
ARRIS Group, Inc.^*		1,413		40,829
Plantronics, Inc.		570		30,182
ADTRAN, Inc.		1,066		19,902
Total Telecommunication Equipment				260,215
Semiconductor Components - Integrated Circuit - 3.4%
QUALCOMM, Inc.		3,168		219,669
Internet Content-Information/Network - 3.4%
LinkedIn Corp. — Class A^*		457		114,186
Yelp, Inc. — Class A^*		832		39,395
YY, Inc. ADR^*,1		626		34,151
WebMD Health Corp. — Class A^*		609		26,696
Total Internet Content-Information/Network				214,428
Internet Security - 2.8%
Symantec Corp.		3,513		82,081
VeriSign, Inc.^*		890		59,603
Qihoo 360 Technology Company Ltd. ADR^*		748		38,298
Total Internet Security				179,982
Multimedia - 2.7%
Time Warner, Inc.		2,038		172,089
Computer Software - 2.4%
Akamai Technologies, Inc.^*		1,027		72,963
Rackspace Hosting, Inc.^*		1,054		54,376
Cornerstone OnDemand, Inc.^*		909		26,261
Total Computer Software				153,600
Electronic Components-Semiconductor - 1.6%
Broadcom Corp. — Class A		2,368		102,523

Internet Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.3% (continued)
Commercial Services - 1.6%
CoStar Group, Inc.^*		271	$	53,612
Live Nation Entertainment, Inc.^*		1,830		46,171
Total Commercial Services				99,783
Computers-Integrated Systems - 1.5%
Riverbed Technology, Inc.^*		2,469		51,627
Brocade Communications Systems, Inc.		3,831		45,455
Total Computers-Integrated Systems				97,082
Telecommunication Equipment Fiber Optics - 1.5%
JDS Uniphase Corp.^*		2,660		34,899
Finisar Corp.^*		1,382		29,492
Ciena Corp.^*		1,457		28,135
Total Telecommunication Equipment Fiber Optics				92,526
Web Hosting/Design - 1.2%
Equinix, Inc.		321		74,745
Internet Infrastructure Software - 0.9%
F5 Networks, Inc.^*		525		60,344
Finance-Consumer Loans - 0.9%
LendingClub Corp.^*		2,880		56,592
Enterprise Software/Services - 0.6%
Veeva Systems, Inc. — Class A^*		1,500		38,295
Internet Telephony - 0.6%
j2 Global, Inc.		546		35,861
Internet Incubators - 0.5%
HomeAway, Inc.^*		1,135		34,243
Entertainment Software - 0.5%
NetEase, Inc. ADR		324		34,117
Medical Information System - 0.5%
Allscripts Healthcare Solutions, Inc.^*		2,580		30,857
Computers - 0.5%
BlackBerry Ltd.^*		3,438		30,701
Printing-Commercial - 0.5%
Cimpress N.V.^*		363		30,630
Internet Connectivity Services - 0.4%
Cogent Communications Holdings, Inc.		750		26,498
Total Common Stocks
(Cost $3,425,362)				6,333,165

	Face Amount
REPURCHASE AGREEMENT^††^,2 - 0.5%
HSBC Group issued 03/31/15 at 0.03% due 04/01/15	$	34,406		34,406
Total Repurchase Agreement
(Cost $34,406)				34,406

SECURITIES LENDING COLLATERAL^††^,3 - 0.7%
Repurchase Agreements
HSBC Securities, Inc. issued 03/31/15 at 0.10% due 04/01/15		30,735		30,735
BNP Paribas Securities Corp. issued 03/31/15 at 0.10% due 04/01/15		10,573		10,573
Barclays Capital, Inc. issued 03/31/15 at 0.10% due 04/01/15		5,458		5,458
Total Securities Lending Collateral
(Cost $46,766)				46,766
Total Investments - 100.5%
(Cost $3,506,534)			$	6,414,337
Other Assets & Liabilities, net - (0.5)%				(35,119	)
Total Net Assets - 100.0%			$	6,379,218

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	All or portion of this security is on loan at March 31, 2015 — See Note 5.
²	Repurchase Agreement — See Note 4.
³	Securities lending collateral — See Note 5.

	ADR ― American Depositary Receipt

Inverse Dow 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
MUTUAL FUNDS^† - 10.9%
Guggenheim Strategy Fund I¹		16,340	$	406,858
Total Mutual Funds
(Cost $406,329)				406,858

	Face Amount
FEDERAL AGENCY DISCOUNT NOTES^†† - 24.2%
Farmer Mac²
0.03% due 04/02/15	$	400,000		400,000
Federal Home Loan Bank²
0.04% due 04/09/15		300,000		299,997
Fannie Mae³
0.09% due 05/01/15		200,000		199,993
Total Federal Agency Discount Notes
(Cost $899,981)				899,990

REPURCHASE AGREEMENTS^††,⁴ - 29.2%
RBC Capital Markets issued 03/31/15 at 0.05% due 04/01/15		362,143		362,143
HSBC Group issued 03/31/15 at 0.03% due 04/01/15		362,143		362,143
UMB Financial Corp. issued 03/31/15 at 0.03% due 04/01/15		361,479		361,479
Total Repurchase Agreements
(Cost $1,085,765)				1,085,765
Total Investments - 64.3%
(Cost $2,392,075)			$	2,392,613
Other Assets & Liabilities, net - 35.7%				1,326,607
Total Net Assets - 100.0%			$	3,719,220

	Contracts		Unrealized Gain (Loss)
EQUITY FUTURES CONTRACTS SOLD SHORT^†
June 2015 Dow Jones Industrial Average Index Mini Futures Contracts (Aggregate Value of Contracts $442,375)		5	$	8,882

	Units
OTC EQUITY INDEX SWAP AGREEMENTS SOLD SHORT^††
Barclays Bank plc April 2015 Dow Jones Industrial Average Index Swap, Terminating 04/30/15⁵ (Notional Value $3,663,285)		206	$	(12,057	)
Credit Suisse Capital, LLC April 2015 Dow Jones Industrial Average Index Swap, Terminating 04/28/15⁵ (Notional Value $3,252,051)		183		(18,269	)
(Total Notional Value $6,915,336)			$	(30,326	)

^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Investment in a product that is managed by and/or pays a management fee to a party related to the Adviser — See Note 7.
²	The issuer operates under a Congressional charter; its securities are neither issued nor guaranteed by the U.S. Government.
³	On September 7, 2008, the issuer was placed in conservatorship by the Federal Housing Finance Agency (FHFA). As conservator, the FHFA has full powers to control the assets and operations of the firm.
⁴	Repurchase Agreements — See Note 4.
⁵	Total Return based on Dow Jones Industrial Average Index +/- financing at a variable rate.

	plc — Public Limited Company

Inverse Mid-Cap Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
MUTUAL FUNDS^† - 11.4%
Guggenheim Strategy Fund I¹		4,077	$	101,521
Total Mutual Funds
(Cost $101,640)				101,521

	Face Amount
FEDERAL AGENCY DISCOUNT NOTES^†† - 22.4%
Fannie Mae²
0.09% due 05/01/15	$	100,000		99,996
Farmer Mac³
0.09% due 04/06/15		50,000		49,999
Freddie Mac²
0.10% due 06/16/15		50,000		49,994
Total Federal Agency Discount Notes
(Cost $199,981)				199,989

REPURCHASE AGREEMENTS^††,⁴ - 22.2%
RBC Capital Markets issued 03/31/15 at 0.05% due 04/01/15		66,112		66,112
HSBC Group issued 03/31/15 at 0.03% due 04/01/15		66,112		66,112
UMB Financial Corp. issued 03/31/15 at 0.03% due 04/01/15		65,991		65,991
Total Repurchase Agreements
(Cost $198,215)				198,215
Total Investments - 56.0%
(Cost $499,836)			$	499,725
Other Assets & Liabilities, net - 44.0%				392,204
Total Net Assets - 100.0%			$	891,929

	Units		Unrealized Loss
OTC EQUITY INDEX SWAP AGREEMENTS SOLD SHORT^††
Goldman Sachs International April 2015 S&P MidCap 400 Index Swap, Terminating 04/28/15⁶ (Notional Value $57,384)		38	$	(864	)
Barclays Bank plc April 2015 S&P MidCap 400 Index Swap, Terminating 04/30/15⁶ (Notional Value $254,622)		167		(2,445	)
Credit Suisse Capital, LLC April 2015 S&P MidCap 400 Index Swap, Terminating 04/28/15⁶ (Notional Value $581,314)		381		(8,737	)
(Total Notional Value $893,320)			$	(12,046	)

^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Investment in a product that is managed by and/or pays a management fee to a party related to the Adviser — See Note 7.
²	On September 7, 2008, the issuer was placed in conservatorship by the Federal Housing Finance Agency (FHFA). As conservator, the FHFA has full powers to control the assets and operations of the firm.
³	The issuer operates under a Congressional charter; its securities are neither issued nor guaranteed by the U.S. Government.
⁴	Repurchase Agreements — See Note 4.
⁵	Total Return based on S&P MidCap 400 Index +/- financing at a variable rate.

	plc — Public Limited Company

Inverse NASDAQ-100^® Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
MUTUAL FUNDS^† - 33.8%
Guggenheim Strategy Fund I¹		28,405	$	707,279
Total Mutual Funds
(Cost $706,343)				707,279

	Face Amount
FEDERAL AGENCY DISCOUNT NOTES^†† - 28.7%
Farmer Mac²
0.09% due 04/06/15	$	200,000		199,999
Fannie Mae³
0.09% due 05/01/15		200,000		199,993
Freddie Mac³
0.10% due 08/07/15		200,000		199,933
Total Federal Agency Discount Notes
(Cost $599,912)				599,925

REPURCHASE AGREEMENTS^††,⁴ - 16.0%
RBC Capital Markets issued 03/31/15 at 0.05% due 04/01/15		111,468		111,468
HSBC Group issued 03/31/15 at 0.03% due 04/01/15		111,467		111,467
UMB Financial Corp. issued 03/31/15 at 0.03% due 04/01/15		111,263		111,263
Total Repurchase Agreements
(Cost $334,198)				334,198
Total Investments - 78.5%
(Cost $1,640,453)			$	1,641,402
Other Assets & Liabilities, net - 21.5%				450,376
Total Net Assets - 100.0%			$	2,091,778

	Contracts		Unrealized Gain (Loss)
EQUITY FUTURES CONTRACTS SOLD SHORT^†
June 2015 NASDAQ-100 Index Mini Futures Contracts (Aggregate Value of Contracts $86,565)		1	$	1,708

	Units
OTC EQUITY INDEX SWAP AGREEMENTS SOLD SHORT^††
Barclays Bank plc April 2015 NASDAQ-100 Index Swap, Terminating 04/30/15⁵ (Notional Value $169,758)		39	$	(129	)
Goldman Sachs International April 2015 NASDAQ-100 Index Swap, Terminating 04/28/15⁵ (Notional Value $1,044,070)		241		(2,939	)
Credit Suisse Capital, LLC April 2015 NASDAQ-100 Index Swap, Terminating 04/28/15⁵ (Notional Value $813,240)		188		(3,749	)
(Total Notional Value $2,027,068)			$	(6,817	)

^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Investment in a product that is managed by and/or pays a management fee to a party related to the Adviser — See Note 7.
²	The issuer operates under a Congressional charter; its securities are neither issued nor guaranteed by the U.S. Government.
³	On September 7, 2008, the issuer was placed in conservatorship by the Federal Housing Finance Agency (FHFA). As conservator, the FHFA has full powers to control the assets and operations of the firm.
⁴	Repurchase Agreements — See Note 4.
⁵	Total Return based on NASDAQ-100 Index +/- financing at a variable rate.

	plc — Public Limited Company

Inverse Russell 2000^® Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
MUTUAL FUNDS^†- 34.0%
Guggenheim Strategy Fund I¹		26,582	$	661,885
Total Mutual Funds
(Cost $660,799)				661,885

	Face Amount
FEDERAL AGENCY DISCOUNT NOTES^†† - 15.5%
Federal Home Loan Bank²
0.07% due 04/15/15	$	150,000		149,996
Freddie Mac³
0.10% due 06/16/15		150,000		149,981
Total Federal Agency Discount Notes
(Cost $299,964)				299,977

REPURCHASE AGREEMENTS^††,⁴ - 13.0%
RBC Capital Markets issued 03/31/15 at 0.05% due 04/01/15		83,874		83,874
HSBC Group issued 03/31/15 at 0.03% due 04/01/15		83,874		83,874
UMB Financial Corp. issued 03/31/15 at 0.03% due 04/01/15		83,720		83,720
Total Repurchase Agreements
(Cost $251,468)				251,468
Total Investments - 62.5%
(Cost $1,212,231)			$	1,213,330
Other Assets & Liabilities, net - 37.5%				727,356
Total Net Assets - 100.0%			$	1,940,686

	Contracts		Unrealized Gain (Loss)
EQUITY FUTURES CONTRACTS SOLD SHORT^†
June 2015 Russell 2000 Index Mini Futures Contracts (Aggregate Value of Contracts $124,920)		1	$	1,152

	Units
OTC EQUITY INDEX SWAP AGREEMENTS SOLD SHORT^††
Goldman Sachs International April 2015 Russell 2000 Index Swap, Terminating 04/28/15⁵ (Notional Value $181,266)		145	$	(3,104	)
Credit Suisse Capital, LLC April 2015 Russell 2000 Index Swap, Terminating 04/28/15⁵ (Notional Value $271,442)		217		(4,654	)
Barclays Bank plc April 2015 Russell 2000 Index Swap, Terminating 04/30/15⁵ (Notional Value $1,369,209)		1,093		(8,192	)
(Total Notional Value $1,821,917)			$	(15,950	)

^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Investment in a product that is managed by and/or pays a management fee to a party related to the Adviser — See Note 7.
²	The issuer operates under a Congressional charter; its securities are neither issued nor guaranteed by the U.S. Government.
³	On September 7, 2008, the issuer was placed in conservatorship by the Federal Housing Finance Agency (FHFA). As conservator, the FHFA has full powers to control the assets and operations of the firm.
⁴	Repurchase Agreements — See Note 4.
⁵	Total Return based on Russell 2000 Index +/- financing at a variable rate.

	plc — Public Limited Company

Inverse S&P 500^® Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
MUTUAL FUNDS^† - 25.8%
Guggenheim Strategy Fund I¹		60,833	$	1,514,742
Total Mutual Funds
(Cost $1,513,038)				1,514,742

	Face Amount
FEDERAL AGENCY DISCOUNT NOTES^†† - 34.2%
Federal Home Loan Bank²
0.03% due 04/01/15	$	1,000,000		1,000,000
Farmer Mac²
0.05% due 04/15/15		500,000		499,991
Federal Farm Credit Bank²
0.05% due 07/01/15		500,000		499,912
Total Federal Agency Discount Notes
(Cost $1,999,928)				1,999,903

REPURCHASE AGREEMENTS^††,³ - 21.0%
RBC Capital Markets issued 03/31/15 at 0.05% due 04/01/15		410,926		410,926
HSBC Group issued 03/31/15 at 0.03% due 04/01/15		410,926		410,926
UMB Financial Corp. issued 03/31/15 at 0.03% due 04/01/15		410,172		410,172
Total Repurchase Agreements
(Cost $1,232,024)				1,232,024
Total Investments - 81.0%
(Cost $4,744,990)			$	4,746,669
Other Assets & Liabilities, net - 19.0%				1,115,576
Total Net Assets - 100.0%			$	5,862,244

	Contracts		Unrealized Loss
EQUITY FUTURES CONTRACTS SOLD SHORT^†
June 2015 S&P 500 Index Mini Futures Contracts (Aggregate Value of Contracts $1,750,575)		17	$	(23,440	)

	Units
OTC EQUITY INDEX SWAP AGREEMENTS SOLD SHORT^††
Barclays Bank plc April 2015 S&P 500 Index Swap, Terminating 04/30/15⁴ (Notional Value $590,713)		286	$	(1,466	)
Goldman Sachs International April 2015 S&P 500 Index Swap, Terminating 04/28/15⁴ (Notional Value $437,854)		212		(2,626	)
Credit Suisse Capital, LLC April 2015 S&P 500 Index Swap, Terminating 04/28/15⁴ (Notional Value $3,112,135)		1,505		(12,135	)
(Total Notional Value $4,140,702)			$	(16,227	)

^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Investment in a product that is managed by and/or pays a management fee to a party related to the Adviser — See Note 7.
²	The issuer operates under a Congressional charter; its securities are neither issued nor guaranteed by the U.S. Government.
³	Repurchase Agreements — See Note 4.
⁴	Total Return based on S&P 500 Index +/- financing at a variable rate.

	plc — Public Limited Company

Inverse Government Long Bond Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
MUTUAL FUNDS^† - 35.6%
Guggenheim Strategy Fund I¹		81,111	$	2,019,674
Total Mutual Funds
(Cost $2,023,667)				2,019,674

	Face Amount
FEDERAL AGENCY DISCOUNT NOTES^†† - 44.1%
Federal Home Loan Bank²
0.04% due 04/01/15	$	1,000,000		1,000,000
Farmer Mac²
0.04% due 04/02/15		1,000,000		999,999
Federal Farm Credit Bank²
0.05% due 07/01/15		500,000		499,912
Total Federal Agency Discount Notes
(Cost $2,499,936)				2,499,911

REPURCHASE AGREEMENTS^†† - 98.7%
Individual Repurchase Agreement³
Barclays Capital issued 03/31/15 at (0.10)% due 04/01/15 (secured by a U.S. Treasury Bond, at a rate Of 2.5% and maturing 02/15/45 as collateral, with a Value of $4,209,836) to be Repurchased at $4,127,313		4,127,290		4,127,290
Joint Repurchase Agreements⁴
RBC Capital Markets issued 03/31/15 at 0.05% due 04/01/15		490,156		490,156
HSBC Group issued 03/31/15 at 0.03% due 04/01/15		490,156		490,156
UMB Financial Corp. issued 03/31/15 at 0.03% due 04/01/15		489,257		489,257
Total Repurchase Agreements
(Cost $5,596,859)				5,596,859
Total Investments - 178.4%
(Cost $10,120,462)			$	10,116,444

U.S. Government Securities Sold Short^†^† - (61.9)%
U.S. Treasury Bond
2.50% due 02/15/45	3,544,000		(3,514,097	)
Total U.S. Government Securities Sold Short
(Proceeds $3,504,137)			(3,514,097	)
Other Assets & Liabilities, net - (16.4)%			(929,048	)
Total Net Assets - 100.0%		$	5,673,299

	Contracts		Unrealized Loss
INTEREST RATE FUTURES CONTRACTS SOLD SHORT^†
June 2015 U.S. Treasury Ultra Long Bond Futures Contracts (Aggregate Value of Contracts $2,720,000)		16	$	(52,503	)

^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Investment in a product that is managed by and/or pays a management fee to a party related to the Adviser — See Note 7.
²	The issuer operates under a Congressional charter; its securities are neither issued nor guaranteed by the U.S. Government.
³	All or a portion of this security is pledged as short collateral at March 31 2015.
⁴	Repurchase Agreements — See Note 4.

Japan 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
MUTUAL FUNDS^† - 20.0%
Guggenheim Strategy Fund I¹		44,456	$	1,106,946
Total Mutual Funds
(Cost $1,106,031)				1,106,946

	Face Amount
FEDERAL AGENCY DISCOUNT NOTES^†† - 25.3%
Freddie Mac²
0.10% due 08/07/15	$	500,000	499,833
Farmer Mac³
0.09% due 04/06/15		300,000	299,998
Federal Home Loan Bank³
0.04% due 04/09/15		300,000	299,997
Fannie Mae²
0.09% due 05/01/15		300,000	299,990
Total Federal Agency Discount Notes
(Cost $1,399,794)			1,399,818

REPURCHASE AGREEMENTS^††,⁴ - 37.7%
RBC Capital Markets issued 03/31/15 at 0.05% due 04/01/15	695,338		695,338
HSBC Group issued 03/31/15 at 0.03% due 04/01/15	695,338		695,338
UMB Financial Corp. issued 03/31/15 at 0.03% due 04/01/15	694,061		694,061
Total Repurchase Agreements
(Cost $2,084,737)			2,084,737
Total Investments - 83.0%
(Cost $4,590,562)		$	4,591,501
Other Assets & Liabilities, net - 17.0%			940,134
Total Net Assets - 100.0%		$	5,531,635

	Contracts		Unrealized Gain
EQUITY FUTURES CONTRACTS PURCHASED^†
June 2015 Nikkei 225 (CME) Index Futures Contracts (Aggregate Value of Contracts $10,896,025)		113	$	272,303

CURRENCY FUTURES CONTRACTS PURCHASED^†
June 2015 Japanese Yen Futures Contracts (Aggregate Value of Contracts $10,954,125)		105	$	97,849

^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Investment in a product that is managed by and/or pays a management fee to a party related to the Adviser.
²	On September 7, 2008, the issuer was placed in conservatorship by the Federal Housing Finance Agency (FHFA). As conservator, the FHFA has full powers to control the assets and operations of the firm.
³	The issuer operates under a Congressional charter; its securities are neither issued nor guaranteed by the U.S. Government.
⁴	Repurchase Agreements — See Note 4.

Leisure Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.6%
Retail-Restaurants - 18.0%
McDonald's Corp.		2,796	$	272,441
Starbucks Corp.		2,508		237,507
Yum! Brands, Inc.		2,090		164,525
Chipotle Mexican Grill, Inc. — Class A^*		190		123,603
Darden Restaurants, Inc.		1,211		83,971
Restaurant Brands International, Inc.		1,797		69,023
Domino's Pizza, Inc.		655		65,860
Dunkin' Brands Group, Inc.		1,276		60,687
Panera Bread Co. — Class A^*		364		58,238
Wendy's Co.		5,202		56,702
Brinker International, Inc.		910		56,020
Jack in the Box, Inc.		567		54,387
Cracker Barrel Old Country Store, Inc.		356		54,162
Buffalo Wild Wings, Inc.^*		286		51,835
Bloomin' Brands, Inc.		1,998		48,611
Texas Roadhouse, Inc. — Class A		1,233		44,918
Papa John's International, Inc.		720		44,503
Cheesecake Factory, Inc.		902		44,496
DineEquity, Inc.		380		40,664
Sonic Corp.		1,140		36,138
Red Robin Gourmet Burgers, Inc.^*		370		32,190
Bob Evans Farms, Inc.		641		29,653
El Pollo Loco Holdings, Inc.^*,1		1,076		27,556
Total Retail-Restaurants				1,757,690
Cable/Satellite TV - 12.1%
Comcast Corp. — Class A		5,780		326,396
DIRECTV^*		2,153		183,220
Time Warner Cable, Inc.		1,175		176,109
DISH Network Corp. — Class A^*		2,242		157,075
Charter Communications, Inc. — Class A^*		687		132,667
Liberty Global plc^*		1,956		97,428
Cablevision Systems Corp. — Class A		3,429		62,751
Liberty Global plc — Class A^*		880		45,294
Total Cable/Satellite TV				1,180,940
Multimedia - 11.7%
Walt Disney Co.		3,532		370,471
Twenty-First Century Fox, Inc. — Class A		6,936		234,714
Time Warner, Inc.		2,754		232,548
Thomson Reuters Corp.		3,950		160,212
Viacom, Inc. — Class B		2,139		146,094
Total Multimedia				1,144,039
Tobacco - 9.0%
Philip Morris International, Inc.		3,963		298,533
Altria Group, Inc.		5,444		272,309
Reynolds American, Inc.		2,428		167,313
Lorillard, Inc.		2,043		133,510
Total Tobacco				871,665
Hotels & Motels - 6.3%
Hilton Worldwide Holdings, Inc.^*		5,123		151,744
Marriott International, Inc. — Class A		1,613		129,557
Starwood Hotels & Resorts Worldwide, Inc.		1,286		107,381
Wyndham Worldwide Corp.		1,022		92,460
Hyatt Hotels Corp. — Class A^*		1,420		84,092
La Quinta Holdings, Inc.^*		2,113		50,036
Total Hotels & Motels				615,270
Casino Hotels - 5.3%
Las Vegas Sands Corp.		3,442		189,447
Wynn Resorts Ltd.		803		101,082
Melco Crown Entertainment Ltd. ADR		4,649		99,768
MGM Resorts International^*		4,425		93,058
Boyd Gaming Corp.^*		2,454		34,847
Total Casino Hotels				518,202
Television - 4.5%
CBS Corp. — Class B		2,505		151,877
AMC Networks, Inc. — Class A^*		890		68,210
Tribune Media Co. — Class A^*		1,030		62,634
Sinclair Broadcast Group, Inc. — Class A		1,619		50,853
Liberty Media Corp. — Class C^*		1,319		50,386
Liberty Media Corp. — Class A^*		1,303		50,231
Total Television				434,191
Cruise Lines - 4.1%
Carnival Corp.		3,622		173,276
Royal Caribbean Cruises Ltd.		1,474		120,647
Norwegian Cruise Line Holdings Ltd.^*		1,871		101,053
Total Cruise Lines				394,976
Broadcast Services/Program - 4.0%
Discovery Communications, Inc. — Class A^*		3,977		122,333
Scripps Networks Interactive, Inc. — Class A		1,194		81,861
Grupo Televisa SAB ADR^*		2,115		69,816
Discovery Communications, Inc. — Class C^*		2,095		61,750
Starz — Class A^*		1,542		53,060
Total Broadcast Services/Program				388,820
Brewery - 3.8%
Anheuser-Busch InBev N.V. ADR		1,098		133,857
Molson Coors Brewing Co. — Class B		1,402		104,379
Ambev S.A. ADR		13,639		78,561
Boston Beer Company, Inc. — Class A^*		200		53,480
Total Brewery				370,277
Beverages-Wine/Spirits - 3.3%
Constellation Brands, Inc. — Class A^*		1,141		132,595
Brown-Forman Corp. — Class B		1,365		123,328
Diageo plc ADR		628		69,438
Total Beverages-Wine/Spirits				325,361
Entertainment Software - 2.8%
Electronic Arts, Inc.^*		2,087		122,747
Activision Blizzard, Inc.		4,955		112,602

Leisure Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.6% (continued)
Entertainment Software - 2.8% (continued)
Take-Two Interactive Software, Inc.^*		1,598	$	40,677
Total Entertainment Software				276,026
Publishing-Newspapers - 1.7%
News Corp. — Class A^*		5,175		82,852
Gannett Company, Inc.		2,205		81,761
Total Publishing-Newspapers				164,613
Toys - 1.6%
Hasbro, Inc.		1,263		79,872
Mattel, Inc.		3,274		74,811
Total Toys				154,683
Resorts/Theme Parks - 1.6%
Six Flags Entertainment Corp.		1,289		62,400
Vail Resorts, Inc.		530		54,813
SeaWorld Entertainment, Inc.		1,930		37,210
Total Resorts/Theme Parks				154,423
Recreational Vehicles - 1.5%
Polaris Industries, Inc.		604		85,224
Brunswick Corp.		1,175		60,454
Total Recreational Vehicles				145,678
Commercial Services - 1.4%
Aramark		2,410		76,228
Live Nation Entertainment, Inc.^*		2,481		62,596
Total Commercial Services				138,824
Theaters - 1.2%
Cinemark Holdings, Inc.		1,443		65,036
Regal Entertainment Group — Class A		2,336		53,354
Total Theaters				118,390
Motion Pictures & Services - 1.1%
Lions Gate Entertainment Corp.		1,791		60,751
DreamWorks Animation SKG, Inc. — Class A^*,1		1,726		41,769
Total Motion Pictures & Services				102,520
Motorcycle/Motor Scooter - 1.0%
Harley-Davidson, Inc.		1,683		102,225
Professional Sports - 0.8%
Madison Square Garden Co. — Class A^*		885		74,915
Casino Services - 0.6%
International Game Technology		3,344		58,219
Recreational Centers - 0.5%
Life Time Fitness, Inc.^*		653		46,337
Retail-Sporting Goods - 0.5%
Vista Outdoor, Inc.^*		1,070		45,817
Publishing-Periodicals - 0.5%
Time, Inc.		1,960		43,982
Gambling (Non-Hotel) - 0.4%
Pinnacle Entertainment, Inc.^*		1,164		42,009
Racetracks - 0.3%
Penn National Gaming, Inc.^*		1,960		30,694
Total Common Stocks
(Cost $6,327,114)				9,700,786

	Face Amount
REPURCHASE AGREEMENT^††^,2 - 0.5%
HSBC Group issued 03/31/15 at 0.03% due 04/01/15	$	52,317		52,317
Total Repurchase Agreement
(Cost $52,317)				52,317

SECURITIES LENDING COLLATERAL^††^,3 - 0.4%
Repurchase Agreements
HSBC Securities, Inc. issued 03/31/15 at 0.10% due 04/01/15		27,934		27,934
BNP Paribas Securities Corp. issued 03/31/15 at 0.10% due 04/01/15		9,609		9,609
Barclays Capital, Inc. issued 03/31/15 at 0.10% due 04/01/15		4,961		4,961
Total Securities Lending Collateral
(Cost $42,504)				42,504
Total Investments - 100.5%
(Cost $6,421,935)			$	9,795,607
Other Assets & Liabilities, net - (0.5)%				(47,126	)
Total Net Assets - 100.0%			$	9,748,481

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	All or portion of this security is on loan at March 31, 2015 — See Note 5.
²	Repurchase Agreement — See Note 4.
³	Securities lending collateral — See Note 5.

	ADR ― American Depositary Receipt
	Plc ― Public Limited Company

Long Short Equity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 84.6%
Consumer, Non-cyclical – 33.0%
Graham Holdings Co. — Class B¹		195	$	204,678
Catamaran Corp.^*,1		3,300		196,482
Sabre Corp.		7,933		192,772
ResMed, Inc.¹		2,625		188,423
AmerisourceBergen Corp. — Class A¹		1,652		187,783
Anthem, Inc.¹		1,200		185,293
Pinnacle Foods, Inc.¹		4,539		185,237
Health Net, Inc.^*,1		3,058		184,978
Rollins, Inc.¹		7,455		184,362
BioMarin Pharmaceutical, Inc.^*,1		1,476		183,938
Flowers Foods, Inc.¹		8,055		183,171
Envision Healthcare Holdings, Inc.^*,1		4,689		179,823
Mylan N.V.^*,1		3,029		179,771
Regeneron Pharmaceuticals, Inc.^*,1		397		179,238
Cardinal Health, Inc.¹		1,978		178,554
Kroger Co.¹		2,300		176,318
Halyard Health, Inc.^*,1		3,579		176,086
Alere, Inc.^*,1		3,600		176,040
Premier, Inc. — Class A^*,1		4,671		175,536
Constellation Brands, Inc. — Class A^*,1		1,500		174,315
Eli Lilly & Co.¹		2,395		173,997
Gartner, Inc.^*,1		2,074		173,905
Jazz Pharmaceuticals plc^*,1		1,005		173,654
Hologic, Inc.^*,1		5,222		172,457
Hill-Rom Holdings, Inc.¹		3,513		172,137
KAR Auction Services, Inc.¹		4,535		172,013
Towers Watson & Co. — Class A¹		1,301		171,973
Church & Dwight Company, Inc.¹		2,010		171,694
Medivation, Inc.^*,1		1,327		171,276
Incyte Corp.^*,1		1,866		171,038
Total System Services, Inc.¹		4,480		170,912
Coca-Cola Enterprises, Inc.¹		3,837		169,596
Brown-Forman Corp. — Class B¹		1,877		169,587
Aaron's, Inc.¹		5,987		169,492
Myriad Genetics, Inc.^*		4,781		169,247
Teleflex, Inc.¹		1,400		169,162
Clorox Co.¹		1,532		169,117
Seattle Genetics, Inc.^*,1		4,781		169,008
Community Health Systems, Inc.^*,1		3,218		168,237
Monster Beverage Corp.^*,1		1,215		168,150
Dr Pepper Snapple Group, Inc.¹		2,136		167,633
LifePoint Hospitals, Inc.^*,1		2,281		167,539
Sprouts Farmers Market, Inc.^*,1		4,733		166,744
Centene Corp.^*,1		2,354		166,404
Booz Allen Hamilton Holding Corp.¹		5,744		166,231
Sysco Corp.¹		4,345		163,937
Alnylam Pharmaceuticals, Inc.^*,1		1,559		162,791
Patterson Companies, Inc.¹		3,314		161,691
Whole Foods Market, Inc.¹		3,100		161,448
Alexion Pharmaceuticals, Inc.^*,1		924		160,129
Sirona Dental Systems, Inc.^*,1		1,778		160,002
ServiceMaster Global Holdings, Inc.^*,1		4,734		159,772
Molson Coors Brewing Co. — Class B¹		2,123		158,057
Vertex Pharmaceuticals, Inc.^*,1		1,329		156,782
Aetna, Inc.¹		1,462		155,747
Philip Morris International, Inc.¹		2,047		154,200
Ingredion, Inc.¹		1,978		153,928
Omnicare, Inc.¹		1,996		153,812
Henry Schein, Inc.^*,1		1,087		151,767
Align Technology, Inc.^*,1		2,784		149,737
Vectrus, Inc.^*,1		5,379		137,111
DeVry Education Group, Inc.¹		3,845		128,269
Zoetis, Inc.¹		2,556		118,317
Altria Group, Inc.¹		2,184		109,244
Pilgrim's Pride Corp.²		4,531		102,355
Johnson & Johnson¹		982		98,789
DENTSPLY International, Inc.¹		1,600		81,424
WhiteWave Foods Co. — Class A^*,1		1,755		77,817
Service Corporation International¹		2,600		67,730
VCA, Inc.^*,1		1,181		64,742
Quest Diagnostics, Inc.¹		559		42,959
Bristol-Myers Squibb Co.¹		500		32,250
Morningstar, Inc.¹		223		16,705
Perrigo Company plc¹		100		16,555
Hain Celestial Group, Inc.^*,1		228		14,603
Mallinckrodt plc^*,1		100		12,665
Total Consumer, Non-cyclical				11,409,336
Consumer, Cyclical - 16.7%
Rite Aid Corp.^*,1		21,980		191,007
Ulta Salon Cosmetics & Fragrance, Inc.^*,1		1,237		186,601
Gaming and Leisure Properties, Inc.¹		5,000		184,350
Taylor Morrison Home Corp. — Class A^*,1		8,720		181,812
Ascena Retail Group, Inc.^*,1		12,440		180,504
Kohl's Corp.¹		2,300		179,975
Brinker International, Inc.¹		2,911		179,201
JC Penney Company, Inc.^*,2		21,159		177,948
Sears Holdings Corp.^*,2		4,300		177,934
Dillard's, Inc. — Class A¹		1,300		177,463
AutoZone, Inc.^*,1		260		177,362
Leggett & Platt, Inc.¹		3,836		176,801
Penske Automotive Group, Inc.¹		3,400		175,066
Walgreens Boots Alliance, Inc.¹		2,050		173,594
Choice Hotels International, Inc.¹		2,690		172,348
Jarden Corp.^*,1		3,258		172,348
Tempur Sealy International, Inc.^*,1		2,982		172,181
Sally Beauty Holdings, Inc.^*,1		5,000		171,850
GNC Holdings, Inc. — Class A¹		3,500		171,745
Chico's FAS, Inc.¹		9,643		170,585
Newell Rubbermaid, Inc.¹		4,362		170,423
Tractor Supply Co.¹		2,000		170,120

Long Short Equity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 84.6% (continued)
Consumer, Cyclical - 16.7% (continued)
Harman International Industries, Inc.¹		1,273	$	170,111
CVS Health Corp.¹		1,648		170,090
Big Lots, Inc.¹		3,500		168,105
Michaels Companies, Inc.^*,1		6,200		167,772
Regal Entertainment Group — Class A¹		7,318		167,143
DSW, Inc. — Class A¹		4,522		166,771
Whirlpool Corp.¹		782		158,011
CST Brands, Inc.¹		3,500		153,405
Nordstrom, Inc.¹		1,741		139,837
NVR, Inc.^*,1		100		132,866
Hyatt Hotels Corp. — Class A^*,1		1,942		115,005
Restaurant Brands International, Inc.¹		2,697		103,592
O'Reilly Automotive, Inc.^*,1		218		47,140
Dick's Sporting Goods, Inc.¹		775		44,167
Total Consumer, Cyclical				5,795,233
Technology - 10.9%
MSCI, Inc. — Class A¹		3,000		183,930
Analog Devices, Inc.¹		2,899		182,637
Pitney Bowes, Inc.¹		7,600		177,232
DST Systems, Inc.¹		1,600		177,137
Jack Henry & Associates, Inc.¹		2,530		176,822
Amdocs Ltd.¹		3,241		176,310
Broadridge Financial Solutions, Inc.¹		3,200		176,032
Fidelity National Information Services, Inc.¹		2,541		172,940
VeriFone Systems, Inc.^*,1		4,944		172,496
Teradyne, Inc.¹		8,795		165,785
Maxim Integrated Products, Inc.¹		4,757		165,591
Linear Technology Corp.¹		3,525		164,970
Microchip Technology, Inc.¹		3,349		163,767
Leidos Holdings, Inc.¹		3,900		163,644
KLA-Tencor Corp.¹		2,750		160,298
Altera Corp.¹		3,734		160,226
Zayo Group Holdings, Inc.^*,1		5,721		159,959
Atmel Corp.¹		19,100		157,193
NVIDIA Corp.¹		7,448		155,849
Advanced Micro Devices, Inc.^*,1		57,558		154,255
Teradata Corp.^*,1		3,300		145,662
ON Semiconductor Corp.^*,1		11,019		133,440
Cree, Inc.^*,1		3,413		121,127
Marvell Technology Group Ltd.¹		800		11,760
Total Technology				3,779,062
Financial - 9.7%
CoreLogic, Inc.^*,1		5,000		176,350
Plum Creek Timber Company, Inc.¹		3,962		172,148
Two Harbors Investment Corp.¹		15,944		169,325
Starwood Property Trust, Inc.¹		6,900		167,670
Outfront Media, Inc.¹		5,600		167,552
Rayonier, Inc.¹		6,214		167,529
First Niagara Financial Group, Inc.¹		18,871		166,819
Artisan Partners Asset Management, Inc. — Class A¹		3,563		161,974
FNFV Group^*,1		11,298		159,302
MFA Financial, Inc.¹		20,200		158,772
Piedmont Office Realty Trust, Inc. — Class A¹		8,500		158,185
Chimera Investment Corp.¹		49,704		156,071
American Homes 4 Rent — Class A¹		9,400		155,570
American National Insurance Co.¹		1,567		154,177
Home Properties, Inc.¹		2,211		153,201
CBOE Holdings, Inc.¹		2,605		149,540
Old Republic International Corp.¹		9,109		136,089
Weyerhaeuser Co.¹		4,100		135,915
Corporate Office Properties Trust¹		4,200		123,396
Columbia Property Trust, Inc.¹		3,600		97,272
Genworth Financial, Inc. — Class A^*,1		12,430		90,863
American Realty Capital Properties, Inc.¹		6,993		68,881
Interactive Brokers Group, Inc. — Class A¹		1,955		66,509
NASDAQ OMX Group, Inc.¹		1,000		50,940
American Capital Agency Corp.¹		447		9,535
Total Financial				3,373,585
Industrial - 9.4%
Hexcel Corp.¹		3,540		182,027
Spirit AeroSystems Holdings, Inc. — Class A^*,1		3,486		182,004
Covanta Holding Corp.¹		7,701		172,733
Gentex Corp.¹		9,400		172,020
TransDigm Group, Inc.¹		786		171,914
Huntington Ingalls Industries, Inc.¹		1,225		171,684
Clean Harbors, Inc.^*,1,2		3,017		171,305
Energizer Holdings, Inc.¹		1,237		170,768
Greif, Inc. — Class A¹		4,325		169,843
Triumph Group, Inc.¹		2,841		169,665
Eagle Materials, Inc.¹		2,028		169,460
Sonoco Products Co.¹		3,686		167,566
Con-way, Inc.¹		3,788		167,164
Vulcan Materials Co.¹		1,982		167,083
Martin Marietta Materials, Inc.¹		1,193		166,781
Textron, Inc.¹		3,751		166,282
Rockwell Collins, Inc.¹		1,686		162,783
Tech Data Corp.^*,1		2,800		161,756
Garmin Ltd.¹		3,156		149,973
GoPro, Inc. — Class A^*		993		43,106
Total Industrial				3,255,917
Communications - 2.7%
Clear Channel Outdoor Holdings, Inc. — Class A¹		17,664		178,760
Starz — Class A^*,1		5,036		173,289
News Corp. — Class A^*,1		9,980		159,780
Windstream Holdings, Inc.²		20,611		152,521
CenturyLink, Inc.¹		4,263		147,287
JDS Uniphase Corp.^*,1		9,742		127,815
Total Communications				939,452
Energy – 1.0%
CVR Energy, Inc.		4,194		178,497

Long Short Equity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 84.6% (continued)
Energy – 1.0% (continued)
Murphy USA, Inc.^*,1		2,364	$	171,083
Total Energy				349,580
Utilities - 0.4%
Great Plains Energy, Inc.¹		5,737		153,064
Diversified - 0.4%
Leucadia National Corp.¹		5,727		127,655
Basic Materials - 0.4%
Axalta Coating Systems Ltd.^*,1		4,440		122,633
Total Common Stocks
(Cost $27,800,120)				29,305,517

MUTUAL FUNDS^† - 5.9%
Guggenheim Strategy Fund I³		81,266		2,023,522
Guggenheim Strategy Fund II³		438		10,913
Total Mutual Funds
(Cost $2,040,040)				2,034,435

	Face Amount
REPURCHASE AGREEMENT^††^,4 - 8.1%
HSBC Group issued 03/31/15 at 0.03% due 04/01/15	$	2,807,910		2,807,910
Total Repurchase Agreement
(Cost $2,807,910)				2,807,910

SECURITIES LENDING COLLATERAL^††^,5 - 1.9%
Repurchase Agreements
HSBC Securities, Inc. issued 03/31/15 at 0.10% due 04/01/15		431,597		431,597
BNP Paribas Securities Corp. issued 03/31/15 at 0.10% due 04/01/15		148,470		148,470
Barclays Capital, Inc. issued 03/31/15 at 0.10% due 04/01/15		76,635		76,635
Total Securities Lending Collateral
(Cost $656,702)				656,702
Total Investments – 100.5%
(Cost $33,304,772)			$	34,804,564

	Shares
COMMON STOCKS SOLD SHORT^† - (24.7)%
Utilities - (0.5)%
AES Corp.		5,754	(73,939	)
Calpine Corp.^*		3,765	(86,106	)
Total Utilities			(160,045	)
Technology - (1.0)%
EMC Corp.		1,603	(40,973	)
SanDisk Corp.		1,040	(66,164	)
Apple, Inc.		660	(82,124	)
athenahealth, Inc.^*		690	(82,379	)
Cerner Corp.^*		1,200	(87,912	)
Total Technology			(359,552	)
Consumer, Non-cyclical - (1.2)%
Avon Products, Inc.		9,361	(74,794	)
United Rentals, Inc.^*		922	(84,050	)
Quanta Services, Inc.^*		2,963	(84,534	)
Estee Lauder Companies, Inc. — Class A		1,021	(84,906	)
Coty, Inc. — Class A^*		3,724	(90,382	)
Total Consumer, Non-cyclical			(418,666	)
Consumer, Cyclical - (1.7)%
Tesla Motors, Inc.^*		71	(13,403	)
TJX Companies, Inc.		575	(40,279	)
WESCO International, Inc.^*		835	(58,358	)
Allison Transmission Holdings, Inc.		2,378	(75,953	)
Fastenal Co.		1,936	(80,218	)
Ford Motor Co.		4,986	(80,474	)
MSC Industrial Direct Company, Inc. — Class A		1,162	(83,896	)
WW Grainger, Inc.		356	(83,948	)
Fossil Group, Inc.^*		1,034	(85,254	)
Total Consumer, Cyclical			(601,783	)
Basic Materials - (2.1)%
Freeport-McMoRan, Inc.		2,543	(48,190	)
Alcoa, Inc.		5,798	(74,910	)
Newmont Mining Corp.		3,603	(78,221	)
Nucor Corp.		1,783	(84,746	)
Southern Copper Corp.		2,911	(84,943	)
Compass Minerals International, Inc.		915	(85,287	)
Reliance Steel & Aluminum Co.		1,451	(88,627	)
United States Steel Corp.		3,645	(88,938	)
Steel Dynamics, Inc.		4,609	(92,641	)
Total Basic Materials			(726,503	)
Communications - (2.2)%
Google, Inc. — Class A^*		66	(36,610	)
Liberty Global plc — Class A^*		772	(39,735	)
Liberty Global plc^*		806	(40,147	)
United States Cellular Corp.^*		1,262	(45,079	)
Sprint Corp.^*		12,749	(60,430	)
Yahoo!, Inc.^*		1,466	(65,142	)
Netflix, Inc.^*		185	(77,088	)
T-Mobile US, Inc.^*		2,562	(81,190	)
Priceline Group, Inc.^*		70	(81,490	)
Walt Disney Co.		814	(85,380	)
Amazon.com, Inc.^*		230	(85,583	)
Facebook, Inc. — Class A^*		1,046	(85,997	)
Total Communications			(783,871	)
Financial - (3.5)%
CIT Group, Inc.		144	(6,497	)
Equity Residential		396	(30,833	)
General Growth Properties, Inc.		1,288	(38,060	)
Bank of America Corp.		4,591	(70,655	)
JPMorgan Chase & Co.		1,299	(78,693	)
American International Group, Inc.		1,448	(79,336	)
Wells Fargo & Co.		1,471	(80,022	)
Simon Property Group, Inc.		410	(80,213	)
Discover Financial Services		1,425	(80,299	)
Public Storage		408	(80,433	)
Citigroup, Inc.		1,584	(81,609	)
American Express Co.		1,045	(81,635	)
Air Lease Corp. — Class A		2,210	(83,405	)
Capital One Financial Corp.		1,062	(83,707	)
People's United Financial, Inc.		5,545	(84,284	)

Long Short Equity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS SOLD SHORT^† - (24.7)% (continued)
Financial - (3.5)% (continued)
New York Community Bancorp, Inc.		5,054	$	(84,553	)
TFS Financial Corp.		5,817		(85,394	)
Total Financial				(1,209,628	)
Industrial - (4.6)%
Caterpillar, Inc.		608		(48,658	)
Flowserve Corp.		1,111		(62,760	)
Xylem, Inc.		1,805		(63,211	)
Teekay Corp.		1,477		(68,784	)
General Electric Co.		2,990		(74,182	)
Dover Corp.		1,127		(77,898	)
KBR, Inc.		5,420		(78,482	)
Hubbell, Inc. — Class B		717		(78,598	)
AMETEK, Inc.		1,538		(80,807	)
Middleby Corp.^*		792		(81,299	)
SBA Communications Corp. — Class A^*		695		(81,385	)
Stanley Black & Decker, Inc.		856		(81,628	)
GATX Corp.		1,414		(81,984	)
Kirby Corp.^*		1,102		(82,705	)
Wabtec Corp.		873		(82,944	)
Fluor Corp.		1,466		(83,797	)
Jacobs Engineering Group, Inc.^*		1,945		(87,836	)
AECOM^*		2,853		(87,929	)
Acuity Brands, Inc.		531		(89,293	)
Chicago Bridge & Iron Company N.V.		2,136		(105,219	)
Total Industrial				(1,579,399	)
Energy - (7.9)%
California Resources Corp.		358		(2,724	)
Phillips 66		120		(9,432	)
WPX Energy, Inc.^*		1,701		(18,592	)
Cimarex Energy Co.		249		(28,657	)
Range Resources Corp.		879		(45,743	)
Marathon Petroleum Corp.		500		(51,195	)
Rowan Companies plc — Class A		3,284		(58,160	)
Southwestern Energy Co.^*		2,590		(60,062	)
Tesoro Corp.		685		(62,534	)
Atwood Oceanics, Inc.		2,521		(70,865	)
CONSOL Energy, Inc.		2,618		(73,016	)
Occidental Petroleum Corp.		1,006		(73,438	)
Cabot Oil & Gas Corp. — Class A		2,543		(75,095	)
Oil States International, Inc.^*		1,892		(75,245	)
Dril-Quip, Inc.^*		1,103		(75,434	)
Antero Resources Corp.^*		2,150		(75,938	)
Exxon Mobil Corp.		896		(76,160	)
Marathon Oil Corp.		2,926		(76,398	)
Hess Corp.		1,132		(76,829	)
ConocoPhillips		1,239		(77,140	)
Murphy Oil Corp.		1,657		(77,216	)
Devon Energy Corp.		1,281		(77,257	)
Kosmos Energy Ltd.^*		9,778		(77,344	)
Chevron Corp.		745		(78,210	)
FMC Technologies, Inc.^*		2,115		(78,276	)
National Oilwell Varco, Inc.		1,566		(78,285	)
MRC Global, Inc.^*		6,643		(78,719	)
EOG Resources, Inc.		863		(79,128	)
QEP Resources, Inc.		3,855		(80,377	)
Continental Resources, Inc.^*		1,854		(80,964	)
Energen Corp.		1,237		(81,642	)
Gulfport Energy Corp.^*		1,849		(84,888	)
Patterson-UTI Energy, Inc.		4,544		(85,314	)
Spectra Energy Corp.		2,362		(85,434	)
ONEOK, Inc.		1,780		(85,867	)
Concho Resources, Inc.^*		745		(86,360	)
Equities Corp.		1,050		(87,013	)
Williams Companies, Inc.		1,751		(88,583	)
Newfield Exploration Co.^*		2,623		(92,042	)
Total Energy				(2,725,576	)
Total Common Stocks Sold Short
(Proceeds $8,892,339)				(8,565,023	)
Total Securities Sold Short- (24.7)%
(Proceeds $8,892,339)			$	(8,565,023	)
Other Assets & Liabilities, net - 24.2%				8,393,767
Total Net Assets - 100.0%			$	34,633,308

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	All or a portion of this security is pledged as short security collateral at March 31, 2015.
²	All or portion of this security is on loan at March 31, 2015 — See Note 5.
³	Investment in a product that is managed by and/or pays a management fee to a party related to the Adviser — See Note 7.
⁴	Repurchase Agreement — See Note 4.
⁵	Securities lending collateral — See Note 5.

	plc — Public Limited Company

Mid-Cap 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 48.8%
Financial - 11.3%
Realty Income Corp.		725	$	37,410
Federal Realty Investment Trust		221		32,533
UDR, Inc.		833		28,347
Alleghany Corp.^*		52		25,324
Everest Re Group Ltd.		144		25,056
Arthur J Gallagher & Co.		530		24,777
Jones Lang LaSalle, Inc.		144		24,538
Duke Realty Corp.		1,110		24,164
Extra Space Storage, Inc.		356		24,055
New York Community Bancorp, Inc.		1,425		23,840
Raymond James Financial, Inc.		409		23,223
Alexandria Real Estate Equities, Inc.		232		22,746
Camden Property Trust		279		21,798
Kilroy Realty Corp.		278		21,175
Signature Bank^*		162		20,991
SVB Financial Group^*		164		20,834
Regency Centers Corp.		303		20,616
Reinsurance Group of America, Inc. — Class A		221		20,595
Mid-America Apartment Communities, Inc.		242		18,699
East West Bancorp, Inc.		462		18,692
Omega Healthcare Investors, Inc.		446		18,094
HCC Insurance Holdings, Inc.		311		17,624
National Retail Properties, Inc.		426		17,453
Liberty Property Trust		479		17,100
Senior Housing Properties Trust		757		16,798
WR Berkley Corp.		324		16,365
Hospitality Properties Trust		483		15,934
Eaton Vance Corp.		381		15,866
Taubman Centers, Inc.		204		15,734
CBOE Holdings, Inc.		270		15,499
American Campus Communities, Inc.		361		15,476
Lamar Advertising Co. — Class A		258		15,292
American Financial Group, Inc.		236		15,140
Corrections Corporation of America		376		15,138
BioMed Realty Trust, Inc.		648		14,684
RenaissanceRe Holdings Ltd.		147		14,660
PacWest Bancorp		312		14,630
LaSalle Hotel Properties		364		14,145
City National Corp.		155		13,807
Highwoods Properties, Inc.		299		13,688
Waddell & Reed Financial, Inc. — Class A		269		13,326
Weingarten Realty Investors		363		13,061
Home Properties, Inc.		186		12,888
SLM Corp.^*		1,363		12,649
Brown & Brown, Inc.		379		12,549
First American Financial Corp.		347		12,381
Synovus Financial Corp.		438		12,267
Cullen/Frost Bankers, Inc.		177		12,228
Umpqua Holdings Corp.		710		12,198
Stifel Financial Corp.^*		213		11,875
Old Republic International Corp.		776		11,593
Commerce Bancshares, Inc.		267		11,299
Rayonier, Inc.		408		11,000
Webster Financial Corp.		291		10,782
First Horizon National Corp.		754		10,775
Tanger Factory Outlet Centers, Inc.		304		10,692
Federated Investors, Inc. — Class B		307		10,404
Hanover Insurance Group, Inc.		143		10,379
CoreLogic, Inc.^*		289		10,193
Prosperity Bancshares, Inc.		194		10,181
FirstMerit Corp.		533		10,159
First Niagara Financial Group, Inc.		1,140		10,078
WP GLIMCHER, Inc.		596		9,911
Aspen Insurance Holdings Ltd.		200		9,446
StanCorp Financial Group, Inc.		136		9,330
Associated Banc-Corp.		479		8,909
Corporate Office Properties Trust		298		8,755
Bank of Hawaii Corp.		141		8,631
Primerica, Inc.		168		8,551
TCF Financial Corp.		530		8,332
Janus Capital Group, Inc.		476		8,182
Hancock Holding Co.		259		7,734
Fulton Financial Corp.		576		7,108
Washington Federal, Inc.		316		6,890
Cathay General Bancorp		239		6,800
Mercury General Corp.		117		6,757
Valley National Bancorp		711		6,712
Urban Edge Properties		281		6,660
Equity One, Inc.		249		6,646
BancorpSouth, Inc.		276		6,409
Alexander & Baldwin, Inc.		146		6,304
Kemper Corp.		161		6,273
Trustmark Corp.		217		5,269
Potlatch Corp.		131		5,245
Mack-Cali Realty Corp.		270		5,206
International Bancshares Corp.		186		4,842
Total Financial				1,220,399
Industrial - 9.5%
Mettler-Toledo International, Inc.^*		91		29,907
Wabtec Corp.		310		29,453
Rock-Tenn Co. — Class A		451		29,090
Energizer Holdings, Inc.		200		27,610
J.B. Hunt Transport Services, Inc.		296		25,277
Packaging Corporation of America		317		24,786
Fortune Brands Home & Security, Inc.		511		24,262
Acuity Brands, Inc.		140		23,542
Huntington Ingalls Industries, Inc.		156		21,863
B/E Aerospace, Inc.		341		21,695
Trimble Navigation Ltd.^*		834		21,017
Keysight Technologies, Inc.^*		542		20,135
Avnet, Inc.		439		19,536

Mid-Cap 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 48.8% (continued)
Industrial - 9.5% (continued)
Carlisle Companies, Inc.		210	$	19,451
Waste Connections, Inc.		399		19,208
IDEX Corp.		252		19,109
Hubbell, Inc. — Class B		173		18,964
Arrow Electronics, Inc.^*		308		18,834
Trinity Industries, Inc.		501		17,791
Gentex Corp.		951		17,404
Old Dominion Freight Line, Inc.^*		219		16,929
Lincoln Electric Holdings, Inc.		250		16,347
Genesee & Wyoming, Inc. — Class A^*		165		15,913
AO Smith Corp.		242		15,890
AECOM^*		501		15,441
Donaldson Company, Inc.		409		15,423
Zebra Technologies Corp. — Class A^*		164		14,877
Lennox International, Inc.		132		14,743
Sonoco Products Co.		324		14,729
Orbital ATK, Inc.		191		14,636
Exelis, Inc.		600		14,622
Jabil Circuit, Inc.		622		14,542
Bemis Company, Inc.		314		14,541
Nordson Corp.		184		14,414
Cognex Corp.^*		279		13,836
Graco, Inc.		190		13,710
Eagle Materials, Inc.		162		13,537
Kirby Corp.^*		179		13,434
Belden, Inc.		137		12,818
AptarGroup, Inc.		201		12,768
AGCO Corp.		259		12,339
Oshkosh Corp.		252		12,295
Teledyne Technologies, Inc.^*		114		12,167
ITT Corp.		293		11,694
Regal-Beloit Corp.		144		11,508
Esterline Technologies Corp.^*		100		11,442
SPX Corp.		132		11,207
CLARCOR, Inc.		162		10,702
National Instruments Corp.		326		10,445
FEI Co.		135		10,306
Timken Co.		240		10,114
Clean Harbors, Inc.^*		173		9,823
Crane Co.		157		9,798
Triumph Group, Inc.		162		9,675
Landstar System, Inc.		144		9,547
Woodward, Inc.		186		9,488
Valmont Industries, Inc.		77		9,462
Terex Corp.		342		9,094
Kennametal, Inc.		255		8,591
GATX Corp.		143		8,291
Con-way, Inc.		185		8,164
Silgan Holdings, Inc.		134		7,790
Louisiana-Pacific Corp.^*		458		7,562
Tech Data Corp.^*		123		7,106
KBR, Inc.		466		6,748
KLX, Inc.^*		169		6,513
Vishay Intertechnology, Inc.		437		6,039
Knowles Corp.^*		274		5,280
MSA Safety, Inc.		101		5,038
Werner Enterprises, Inc.		144		4,523
Itron, Inc.^*		123		4,491
Harsco Corp.		258		4,453
Greif, Inc. — Class A		109		4,280
Granite Construction, Inc.		116		4,076
TimkenSteel Corp.		121		3,203
Tidewater, Inc.		151		2,890
Total Industrial				1,038,228
Consumer, Non-cyclical - 8.4%
Church & Dwight Company, Inc.		420		35,876
Salix Pharmaceuticals Ltd.^*		205		35,426
ResMed, Inc.		453		32,516
Towers Watson & Co. — Class A		224		29,609
Cooper Companies, Inc.		155		29,050
Centene Corp.^*		383		27,074
Hologic, Inc.^*		784		25,892
United Therapeutics Corp.^*		150		25,865
WhiteWave Foods Co. — Class A^*		562		24,919
CDK Global, Inc.		518		24,222
Omnicare, Inc.		313		24,120
Gartner, Inc.^*		282		23,646
IDEXX Laboratories, Inc.^*		152		23,481
MEDNAX, Inc.^*		309		22,406
ManpowerGroup, Inc.		252		21,710
Hain Celestial Group, Inc.^*		328		21,008
Global Payments, Inc.		216		19,803
Community Health Systems, Inc.^*		376		19,657
SEI Investments Co.		419		18,474
Ingredion, Inc.		230		17,899
Service Corporation International		653		17,011
Sirona Dental Systems, Inc.^*		179		16,108
Teleflex, Inc.		133		16,070
Health Net, Inc.^*		248		15,002
Graham Holdings Co. — Class B		14		14,695
VCA, Inc.^*		264		14,472
STERIS Corp.		192		13,492
Flowers Foods, Inc.		593		13,485
WEX, Inc.^*		125		13,420
WellCare Health Plans, Inc.^*		142		12,987
Align Technology, Inc.^*		234		12,586
United Natural Foods, Inc.^*		161		12,403
RR Donnelley & Sons Co.		643		12,339
Charles River Laboratories International, Inc.^*		152		12,052
Bio-Techne Corp.		120		12,035
Live Nation Entertainment, Inc.^*		467		11,782
TreeHouse Foods, Inc.^*		138		11,733
Akorn, Inc.^*		240		11,402
Avon Products, Inc.		1,400		11,186
Deluxe Corp.		161		11,154
LifePoint Hospitals, Inc.^*		142		10,430
Bio-Rad Laboratories, Inc. — Class A^*		67		9,057
Hill-Rom Holdings, Inc.		182		8,918
Corporate Executive Board Co.		108		8,625
Sotheby's		198		8,367
Post Holdings, Inc.^*		169		7,916
Boston Beer Company, Inc. — Class A^*		29		7,755

Mid-Cap 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 48.8% (continued)
Consumer, Non-cyclical - 8.4% (continued)
SUPERVALU, Inc.^*		665	$	7,734
Rollins, Inc.		310		7,666
Halyard Health, Inc.^*		150		7,380
Thoratec Corp.^*		174		7,289
Owens & Minor, Inc.		203		6,870
DeVry Education Group, Inc.		185		6,172
Lancaster Colony Corp.		63		5,996
Aaron's, Inc.		208		5,888
Apollo Education Group, Inc. — Class A^*		311		5,884
Dean Foods Co.		303		5,009
FTI Consulting, Inc.^*		133		4,982
Rent-A-Center, Inc.		170		4,665
HMS Holdings Corp.^*		284		4,388
Tootsie Roll Industries, Inc.		66		2,247
Total Consumer, Non-cyclical				911,305
Consumer, Cyclical - 6.6%
Signet Jewelers Ltd.		258		35,808
Advance Auto Parts, Inc.		235		35,177
Jarden Corp.^*		578		30,576
Foot Locker, Inc.		457		28,791
Alaska Air Group, Inc.		423		27,994
Polaris Industries, Inc.		196		27,655
LKQ Corp.^*		979		25,023
Williams-Sonoma, Inc.		276		22,000
Toll Brothers, Inc.^*		515		20,260
Dick's Sporting Goods, Inc.		316		18,009
Domino's Pizza, Inc.		179		17,997
JetBlue Airways Corp.^*		841		16,189
NVR, Inc.^*		12		15,944
Carter's, Inc.		170		15,720
Brunswick Corp.		299		15,384
Cinemark Holdings, Inc.		335		15,098
Office Depot, Inc.^*		1,580		14,536
International Game Technology		797		13,876
Copart, Inc.^*		366		13,751
Kate Spade & Co.^*		410		13,690
World Fuel Services Corp.		232		13,335
Panera Bread Co. — Class A^*		82		13,120
Ingram Micro, Inc. — Class A^*		503		12,635
Brinker International, Inc.		203		12,497
MSC Industrial Direct Company, Inc. — Class A		163		11,769
Tempur Sealy International, Inc.^*		196		11,317
Dana Holding Corp.		531		11,236
Watsco, Inc.		88		11,062
Buffalo Wild Wings, Inc.^*		61		11,056
Tupperware Brands Corp.		160		11,043
CST Brands, Inc.		248		10,870
Wendy's Co.		888		9,679
American Eagle Outfitters, Inc.		565		9,650
Scotts Miracle-Gro Co. — Class A		143		9,605
Thor Industries, Inc.		150		9,482
Vista Outdoor, Inc.^*		205		8,778
Chico's FAS, Inc.		496		8,774
Cabela's, Inc.^*		154		8,621
Big Lots, Inc.		172		8,261
JC Penney Company, Inc.^*		982		8,259
Life Time Fitness, Inc.^*		116		8,231
Deckers Outdoor Corp.^*		111		8,089
HNI Corp.		142		7,834
Cheesecake Factory, Inc.		150		7,400
HSN, Inc.		105		7,164
Ascena Retail Group, Inc.^*		424		6,152
ANN, Inc.^*		147		6,031
DreamWorks Animation SKG, Inc. — Class A^*		233		5,639
Herman Miller, Inc.		192		5,330
Abercrombie & Fitch Co. — Class A		223		4,915
KB Home		293		4,577
Guess?, Inc.		206		3,830
MDC Holdings, Inc.		126		3,591
International Speedway Corp. — Class A		90		2,935
Total Consumer, Cyclical				716,245
Technology - 4.5%
ANSYS, Inc.^*		290		25,575
Synopsys, Inc.^*		495		22,928
MSCI, Inc. — Class A		362		22,194
Broadridge Financial Solutions, Inc.		389		21,399
Rackspace Hosting, Inc.^*		378		19,501
Jack Henry & Associates, Inc.		263		18,381
Cadence Design Systems, Inc.^*		941		17,352
NCR Corp.^*		543		16,024
Ultimate Software Group, Inc.^*		92		15,636
Informatica Corp.^*		352		15,437
Cypress Semiconductor Corp.		1,023		14,434
MAXIMUS, Inc.		212		14,153
PTC, Inc.^*		370		13,383
Teradyne, Inc.		701		13,214
Tyler Technologies, Inc.^*		108		13,017
VeriFone Systems, Inc.^*		366		12,770
Cree, Inc.^*		359		12,741
Solera Holdings, Inc.		216		11,159
Atmel Corp.		1,340		11,028
SolarWinds, Inc.^*		214		10,965
IPG Photonics Corp.^*		115		10,661
Riverbed Technology, Inc.^*		499		10,434
DST Systems, Inc.		92		10,185
Integrated Device Technology, Inc.^*		477		9,550
3D Systems Corp.^*,1		337		9,241
Fair Isaac Corp.		101		8,961
Leidos Holdings, Inc.		200		8,392
Lexmark International, Inc. — Class A		195		8,256
ACI Worldwide, Inc.^*		373		8,079
Mentor Graphics Corp.		315		7,569
Diebold, Inc.		208		7,376
Convergys Corp.		319		7,296
Fairchild Semiconductor International, Inc. — Class A^*		377		6,854
Allscripts Healthcare Solutions, Inc.^*		546		6,530

Mid-Cap 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 48.8% (continued)
Technology - 4.5% (continued)
Science Applications International Corp.		127	$	6,521
Silicon Laboratories, Inc.^*		126		6,397
Advent Software, Inc.		145		6,396
Intersil Corp. — Class A		420		6,014
CommVault Systems, Inc.^*		136		5,943
Semtech Corp.^*		215		5,729
Advanced Micro Devices, Inc.^*		2,027		5,433
Rovi Corp.^*		296		5,390
Acxiom Corp.^*		249		4,604
Total Technology				493,102
Basic Materials - 2.3%
Ashland, Inc.		205		26,099
RPM International, Inc.		431		20,684
Valspar Corp.		241		20,251
Albemarle Corp.		361		19,075
NewMarket Corp.		34		16,245
Steel Dynamics, Inc.		778		15,637
Reliance Steel & Aluminum Co.		250		15,270
Royal Gold, Inc.		210		13,253
Cytec Industries, Inc.		230		12,429
United States Steel Corp.		469		11,444
PolyOne Corp.		287		10,719
Sensient Technologies Corp.		153		10,539
Compass Minerals International, Inc.		108		10,067
Domtar Corp.		205		9,475
Cabot Corp.		205		9,225
Minerals Technologies, Inc.		112		8,187
Olin Corp.		249		7,978
Carpenter Technology Corp.		169		6,571
Commercial Metals Co.		378		6,120
Worthington Industries, Inc.		162		4,311
Cliffs Natural Resources, Inc.		494		2,376
Total Basic Materials				255,955
Energy - 2.3%
HollyFrontier Corp.		631		25,410
Dresser-Rand Group, Inc.^*		247		19,846
SunEdison, Inc.^*		811		19,464
Oceaneering International, Inc.		321		17,311
Energen Corp.		235		15,510
Nabors Industries Ltd.		932		12,722
Gulfport Energy Corp.^*		276		12,671
SM Energy Co.		217		11,215
Western Refining, Inc.		227		11,212
Superior Energy Services, Inc.		490		10,947
Murphy USA, Inc.^*		138		9,987
Patterson-UTI Energy, Inc.		472		8,862
Dril-Quip, Inc.^*		125		8,549
Denbury Resources, Inc.		1,138		8,296
California Resources Corp.		993		7,557
NOW, Inc.^*,1		345		7,466
WPX Energy, Inc.^*		656		7,170
Rowan Companies plc — Class A		401		7,102
Oil States International, Inc.^*		165		6,562
Atwood Oceanics, Inc.		194		5,453
Helix Energy Solutions Group, Inc.^*		317		4,742
Peabody Energy Corp.		885		4,354
Unit Corp.^*		149		4,169
Rosetta Resources, Inc.^*		237		4,034
Total Energy				250,611
Utilities - 2.2%
Alliant Energy Corp.		357		22,491
OGE Energy Corp.		642		20,294
UGI Corp.		556		18,120
Atmos Energy Corp.		325		17,973
Westar Energy, Inc.		425		16,473
National Fuel Gas Co.		271		16,349
Aqua America, Inc.		569		14,993
Questar Corp.		565		13,481
MDU Resources Group, Inc.		626		13,359
Great Plains Energy, Inc.		496		13,233
Vectren Corp.		266		11,741
Hawaiian Electric Industries, Inc.		331		10,632
Cleco Corp.		195		10,631
IDACORP, Inc.		162		10,185
WGL Holdings, Inc.		160		9,024
PNM Resources, Inc.		256		7,475
Black Hills Corp.		144		7,263
ONE Gas, Inc.		168		7,263
Total Utilities				240,980
Communications - 1.7%
Qorvo, Inc.^*		478		38,097
FactSet Research Systems, Inc.		125		19,900
Fortinet, Inc.^*		457		15,972
AMC Networks, Inc. — Class A^*		190		14,562
ARRIS Group, Inc.^*		425		12,280
AOL, Inc.^*		252		9,982
JDS Uniphase Corp.^*		749		9,827
John Wiley & Sons, Inc. — Class A		149		9,110
Time, Inc.		353		7,921
Telephone & Data Systems, Inc.		316		7,868
Plantronics, Inc.		138		7,307
Ciena Corp.^*		349		6,739
Meredith Corp.		118		6,581
InterDigital, Inc.		120		6,089
New York Times Co. — Class A		423		5,820
Polycom, Inc.^*		432		5,789
NeuStar, Inc. — Class A^*		179		4,407
Total Communications				188,251
Total Common Stocks
(Cost $2,704,624)				5,315,076

MUTUAL FUNDS^† - 16.7%
Guggenheim Strategy Fund I²		52,903		1,317,274
Guggenheim Strategy Fund II²		20,234		504,039
Total Mutual Funds
(Cost $1,820,636)				1,821,313

Mid-Cap 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Face Amount		Value
REPURCHASE AGREEMENTS^††^,3 - 14.3%
RBC Capital Markets issued 03/31/15 at 0.05% due 04/01/15	$	521,564	$	521,564
HSBC Group issued 03/31/15 at 0.03% due 04/01/15		521,564		521,564
UMB Financial Corp. issued 03/31/15 at 0.03% due 04/01/15		520,607		520,607
Total Repurchase Agreements
(Cost $1,563,735)				1,563,735

SECURITIES LENDING COLLATERAL^††^,4 - 0.1%
Repurchase Agreements
HSBC Securities, Inc. issued 03/31/15 at 0.10% due 04/01/15		6,510		6,510
BNP Paribas Securities Corp. issued 03/31/15 at 0.10% due 04/01/15		2,239		2,239
Barclays Capital, Inc. issued 03/31/15 at 0.10% due 04/01/15		1,156		1,156
Total Securities Lending Collateral
(Cost $9,905)				9,905
Total Investments - 79.9%
(Cost $6,098,900)			$	8,710,029
Other Assets & Liabilities, net - 20.1%				2,192,481
Total Net Assets - 100.0%			$	10,902,510

	Contracts		Unrealized Gain
EQUITY FUTURES CONTRACTS PURCHASED^†
June 2015 S&P MidCap 400 Index Mini Futures Contracts (Aggregate Value of Contracts $304,040)		2	$	104

	Units
OTC EQUITY INDEX SWAP AGREEMENTS^††
Barclays Bank plc April 2015 S&P MidCap 400 Index Swap, Terminating 04/30/15⁵ (Notional Value $8,441,137)		5,539	$	80,338
Credit Suisse Capital, LLC April 2015 S&P MidCap 400 Index Swap, Terminating 04/28/15⁵ (Notional Value $1,741,214)		1,143		26,170
Goldman Sachs International April 2015 S&P MidCap 400 Index Swap, Terminating 04/28/15⁵ (Notional Value $561,991)		369		8,450
(Total Notional Value $10,744,342)			$	114,958

Mid-Cap 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	All or portion of this security is on loan at March 31, 2015 — See Note 5.
²	Investment in a product that is managed by and/or pays a management fee to a party related to the Adviser — See Note 7.
³	Repurchase Agreements — See Note 4.
⁴	Securities lending collateral — See Note 5.
⁵	Total Return based on S&P MidCap 400 Index +/- financing at a variable rate.

	plc — Public Limited Company

Multi-Hedge Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 60.4%
Financial - 10.8%
City National Corp.¹		9,407	$	837,976
Susquehanna Bancshares, Inc.¹		47,530		651,636
Aviv REIT, Inc.¹		14,119		515,343
Axis Capital Holdings Ltd.¹		8,248		425,432
Hudson City Bancorp, Inc.¹		32,067		336,062
Square 1 Financial, Inc. — Class A^*		4,953		132,591
Bank of Kentucky Financial Corp.¹		2,353		115,415
Interactive Brokers Group, Inc. — Class A¹		2,481		84,404
Hanover Insurance Group, Inc.¹		1,123		81,507
Assured Guaranty Ltd.¹		3,053		80,568
Allstate Corp.¹		1,132		80,564
SunTrust Banks, Inc.¹		1,960		80,535
Wells Fargo & Co.¹		1,467		79,805
MFA Financial, Inc.¹		10,133		79,645
Voya Financial, Inc.¹		1,841		79,366
Chimera Investment Corp.¹		25,150		78,971
Everest Re Group Ltd.¹		453		78,822
Air Lease Corp. — Class A¹		2,087		78,763
Morgan Stanley¹		2,206		78,732
ACE Ltd.¹		699		77,932
CBL & Associates Properties, Inc.¹		3,890		77,022
Berkshire Hathaway, Inc. — Class B^*,1		532		76,778
Taubman Centers, Inc.¹		945		72,888
American Capital Agency Corp.¹		3,417		72,885
Meadowbrook Insurance Group, Inc.¹		8,190		69,616
Ameriprise Financial, Inc.¹		512		66,990
Hudson Valley Holding Corp.¹		2,593		66,277
Popular, Inc.^*,1		1,871		64,344
PNC Financial Services Group, Inc.¹		669		62,378
Starwood Property Trust, Inc.¹		2,491		60,531
Capital One Financial Corp.¹		630		49,657
Reinsurance Group of America, Inc. — Class A¹		413		38,487
Travelers Companies, Inc.¹		315		34,061
CNA Financial Corp.¹		729		30,202
Navient Corp.¹		1,349		27,425
BioMed Realty Trust, Inc.¹		936		21,210
Annaly Capital Management, Inc.¹		2,038		21,195
Assurant, Inc.¹		197		12,098
Bank of New York Mellon Corp.¹		276		11,106
Bank of America Corp.¹		640		9,850
Huntington Bancshares, Inc.¹		620		6,851
Legg Mason, Inc.¹		98		5,410
Jones Lang LaSalle, Inc.¹		29		4,942
Fifth Third Bancorp¹		167		3,148
Total Financial				5,019,420
Consumer, Non-cyclical - 10.3%
Hospira, Inc.^*,1		9,524		836,624
Catamaran Corp.^*		11,192		666,371
Lorillard, Inc.¹		9,308		608,277
Salix Pharmaceuticals Ltd.^*		1,930		333,523
Pharmacyclics, Inc.^*		1,295		331,455
Auspex Pharmaceuticals, Inc.^*		2,989		299,707
Wright Medical Group, Inc.^*		9,560		246,648
Humana, Inc.¹		512		91,146
Kroger Co.¹		1,093		83,789
Pfizer, Inc.¹		2,235		77,756
Molson Coors Brewing Co. — Class B¹		1,034		76,981
Ingredion, Inc.¹		965		75,097
Tyson Foods, Inc. — Class A¹		1,930		73,919
Amgen, Inc.¹		450		71,934
Archer-Daniels-Midland Co.¹		1,497		70,958
DaVita HealthCare Partners, Inc.^*,1		680		55,270
Cintas Corp.¹		669		54,610
DENTSPLY International, Inc.¹		936		47,633
Charles River Laboratories International, Inc.^*,1		591		46,861
Hill-Rom Holdings, Inc.¹		896		43,904
Pinnacle Foods, Inc.¹		1,063		43,381
Dr Pepper Snapple Group, Inc.¹		551		43,242
Omnicare, Inc.¹		542		41,766
Pilgrim's Pride Corp.²		1,674		37,816
United Therapeutics Corp.^*,1		217		37,418
Johnson & Johnson¹		365		36,719
Graham Holdings Co. — Class B¹		29		30,439
UnitedHealth Group, Inc.¹		256		30,282
Constellation Brands, Inc. — Class A^*,1		227		26,380
Cooper Companies, Inc.¹		138		25,864
Biogen, Inc.^*,1		59		24,912
Anthem, Inc.¹		158		24,397
Universal Health Services, Inc. — Class B¹		197		23,189
Myriad Genetics, Inc.^*		591		20,921
Bunge Ltd.¹		227		18,696
Herbalife Ltd.		423		18,087
DeVry Education Group, Inc.¹		532		17,748
Gilead Sciences, Inc.^*,1		167		16,388
Eli Lilly & Co.¹		197		14,312
United Rentals, Inc.^*,1		108		9,845
Spectrum Brands Holdings, Inc.¹		108		9,672
ManpowerGroup, Inc.¹		98		8,443
Mallinckrodt plc^*,1		40		5,066
Edwards Lifesciences Corp.^*,1		29		4,131
Actavis plc^*		3		1,040
Laboratory Corporation of America Holdings^*		2		211
Total Consumer, Non-cyclical				4,762,828
Utilities – 7.8%
Cleco Corp.¹		19,633		1,070,392
Pepco Holdings, Inc.¹		37,431		1,004,274
Integrys Energy Group, Inc.¹		12,363		890,383
Public Service Enterprise Group, Inc.¹		1,950		81,744
Ameren Corp.¹		1,871		78,956
Great Plains Energy, Inc.¹		2,954		78,813
Westar Energy, Inc.¹		1,999		77,481

Multi-Hedge Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 60.4% (continued)
Utilities – 7.8% (continued)
American Electric Power Company, Inc.¹		1,339	$	75,319
DTE Energy Co.¹		778		62,777
Xcel Energy, Inc.¹		1,704		59,316
AGL Resources, Inc.¹		729		36,195
Consolidated Edison, Inc.¹		492		30,012
Atmos Energy Corp.¹		463		25,604
UGI Corp.¹		768		25,029
Alliant Energy Corp.¹		207		13,041
Total Utilities				3,609,336
Consumer, Cyclical - 7.2%
TRW Automotive Holdings Corp.^*,1		10,163		1,065,591
Life Time Fitness, Inc.^*		5,895		418,309
Office Depot, Inc.^*,1		44,535		409,722
Family Dollar Stores, Inc.¹		4,632		367,040
Foot Locker, Inc.¹		1,408		88,703
Royal Caribbean Cruises Ltd.¹		1,063		87,006
Alaska Air Group, Inc.¹		1,260		83,387
Lear Corp.¹		738		81,785
CVS Health Corp.¹		768		79,265
Wyndham Worldwide Corp.¹		876		79,252
Whirlpool Corp.¹		374		75,570
Best Buy Company, Inc.¹		1,969		74,409
Macy's, Inc.¹		1,132		73,478
PACCAR, Inc.¹		1,142		72,106
The Gap, Inc.¹		1,221		52,906
PulteGroup, Inc.¹		2,294		50,996
Carnival Corp.¹		896		42,865
Wendy's Co.¹		1,783		19,435
Visteon Corp.^*,1		177		17,063
Dillard's, Inc. — Class A¹		118		16,108
Dolby Laboratories, Inc. — Class A¹		315		12,020
Leggett & Platt, Inc.¹		227		10,462
Lowe's Companies, Inc.¹		138		10,266
Southwest Airlines Co.¹		167		7,398
GameStop Corp. — Class A		177		6,719
Kohl's Corp.¹		79		6,182
Ford Motor Co.¹		364		5,875
Ralph Lauren Corp. — Class A¹		40		5,260
Big Lots, Inc.¹		79		3,794
General Motors Co.¹		40		1,500
Walgreens Boots Alliance, Inc.		10		847
Brinker International, Inc.		10		616
Total Consumer, Cyclical				3,325,935
Industrial - 7.1%
Polypore International, Inc.^*		14,650		862,886
Exelis, Inc.¹		23,564		574,256
MeadWestvaco Corp.		6,689		333,580
RTI International Metals, Inc.^*		6,562		235,641
AMERCO¹		246		81,278
Republic Services, Inc. — Class A¹		1,969		79,863
Cummins, Inc.¹		571		79,163
Ryder System, Inc.¹		827		78,475
Sonoco Products Co.¹		1,694		77,009
Stanley Black & Decker, Inc.¹		807		76,955
FedEx Corp.¹		443		73,294
GATX Corp.¹		1,221		70,794
Energizer Holdings, Inc.¹		512		70,682
Northrop Grumman Corp.¹		423		68,086
L-3 Communications Holdings, Inc.¹		522		65,662
Corning, Inc.¹		2,875		65,205
Caterpillar, Inc.¹		748		59,862
Trinity Industries, Inc.¹		1,585		56,284
General Electric Co.¹		1,802		44,708
Timken Co.¹		916		38,600
Packaging Corporation of America¹		473		36,984
Orbital ATK, Inc.¹		463		35,480
Arrow Electronics, Inc.^*,1		561		34,305
CSX Corp.¹		680		22,522
Raytheon Co.¹		148		16,169
Snap-on, Inc.¹		79		11,618
Huntington Ingalls Industries, Inc.¹		79		11,072
Norfolk Southern Corp.¹		49		5,043
Waste Management, Inc.¹		49		2,657
PerkinElmer, Inc.¹		49		2,506
Dover Corp.¹		29		2,004
General Dynamics Corp.		10		1,357
Vishay Intertechnology, Inc.¹		98		1,354
Total Industrial				3,275,354
Communications - 5.5%
Orbitz Worldwide, Inc.^*,1		70,917		826,893
Aruba Networks, Inc.^*		23,220		568,657
Time Warner Cable, Inc.¹		2,645		396,433
DIRECTV^*,1		2,404		204,580
Gannett Company, Inc.¹		2,324		86,174
Yahoo!, Inc.^*,1		1,841		81,805
Time Warner, Inc.¹		955		80,640
Liberty Interactive Corp. — Class A^*,1		2,738		79,922
Frontier Communications Corp.¹		9,837		69,351
IAC/InterActiveCorp¹		660		44,530
Walt Disney Co.¹		384		40,278
Liberty Media Corp. — Class A^*,1		492		18,967
CenturyLink, Inc.¹		492		16,999
Cisco Systems, Inc.¹		601		16,543
John Wiley & Sons, Inc. — Class A¹		128		7,826
T-Mobile US, Inc.^*,1		20		634
Total Communications				2,540,232
Technology - 4.5%
Advent Software, Inc.¹		9,505		419,266
Freescale Semiconductor Ltd.^*		8,537		347,969
Tokyo Electron Ltd. ADR¹		10,540		183,080
DST Systems, Inc.¹		738		81,703
Oracle Corp.¹		1,822		78,619
Activision Blizzard, Inc.¹		3,436		78,084
Microsoft Corp.¹		1,841		74,846
Xerox Corp.¹		5,810		74,659
Intel Corp.¹		2,196		68,669
CA, Inc.¹		2,087		68,057
Computer Sciences Corp.¹		1,034		67,500
Hewlett-Packard Co.¹		2,117		65,966
Integrated Silicon Solution, Inc.		3,604		64,476

Multi-Hedge Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 60.4% (continued)
Technology - 4.5% (continued)
Brocade Communications Systems, Inc.¹		4,973	$	59,005
Western Digital Corp.¹		591		53,787
Broadridge Financial Solutions, Inc.¹		955		52,534
QUALCOMM, Inc.¹		719		49,855
Fidelity National Information Services, Inc.¹		699		47,574
Micron Technology, Inc.^*,1		1,733		47,016
NVIDIA Corp.¹		1,635		34,212
Pitney Bowes, Inc.¹		1,162		27,098
Electronic Arts, Inc.^*,1		365		21,467
Lam Research Corp.¹		197		13,836
Skyworks Solutions, Inc.¹		108		10,615
KLA-Tencor Corp.¹		59		3,439
Cerner Corp.^*,1		20		1,465
Total Technology				2,094,797
Energy - 4.2%
Dresser-Rand Group, Inc.^*,1		6,024		484,035
Baker Hughes, Inc.¹		7,611		483,907
Regency Energy Partners, LP		11,234		256,921
Talisman Energy, Inc.¹		21,535		165,389
Murphy USA, Inc.^*,1		886		64,120
Chevron Corp.¹		601		63,093
Devon Energy Corp.¹		1,005		60,612
Valero Energy Corp.¹		945		60,121
Murphy Oil Corp.¹		1,191		55,501
Hess Corp.¹		798		54,160
ConocoPhillips¹		827		51,489
Newfield Exploration Co.^*,1		1,024		35,932
Chesapeake Energy Corp.¹		1,733		24,539
Occidental Petroleum Corp.¹		276		20,148
Nabors Industries Ltd.¹		1,389		18,960
Unit Corp.^*,1		640		17,907
National Oilwell Varco, Inc.¹		325		16,247
Superior Energy Services, Inc.¹		601		13,426
Denbury Resources, Inc.¹		1,103		8,041
Marathon Oil Corp.¹		59		1,540
Total Energy				1,956,088
Basic Materials - 3.0%
Sigma-Aldrich Corp.¹		7,232		999,824
CF Industries Holdings, Inc.¹		266		75,459
Dow Chemical Co.¹		1,477		70,866
LyondellBasell Industries N.V. — Class A¹		699		61,372
Mosaic Co.¹		1,034		47,626
Cabot Corp.¹		985		44,325
Domtar Corp.¹		748		34,573
Ashland, Inc.¹		207		26,353
Westlake Chemical Corp.¹		286		20,575
United States Steel Corp.		522		12,737
Celanese Corp. — Class A¹		167		9,329
Total Basic Materials				1,403,039
Total Common Stocks
(Cost $26,434,530)				27,987,029

MUTUAL FUNDS^† - 1.7%
Guggenheim Strategy Fund II³		20,289		505,404
Guggenheim Strategy Fund I³		10,312		256,765
Total Mutual Funds
(Cost $764,265)				762,169

CLOSED-END FUNDS^† - 13.1%
Adams Diversified Equity Fund, Inc.¹		14,374		200,660
Western Asset/Claymore Inflation-Linked Opportunities & Income Fund^1,3		17,634		199,969
Cohen & Steers REIT and Preferred Income Fund, Inc.¹		10,032		195,121
Tri-Continental Corp.¹		8,393		182,043
AllianzGI Equity & Convertible Income Fund¹		8,526		168,899
Nuveen Dividend Advantage Municipal Income Fund¹		11,409		165,544
Nuveen Maryland Premium Income Municipal Fund¹		12,434		158,409
BlackRock Enhanced Equity Dividend Trust¹		19,055		156,442
Alpine Total Dynamic Dividend Fund¹		17,437		155,364
Morgan Stanley Emerging Markets Debt Fund, Inc.¹		16,204		150,211
BlackRock Core Bond Trust¹		10,528		145,497
Western Asset/Claymore Inflation-Linked Securities & Income Fund^1,3		11,861		136,757
Zweig Total Return Fund, Inc.¹		9,444		129,194
Neuberger Berman Real Estate Securities Income Fund, Inc.¹		23,489		127,310
GDL Fund¹		11,615		120,099
Boulder Growth & Income Fund, Inc.¹		12,588		107,879
General American Investors Company, Inc.¹		2,980		104,240
BlackRock Credit Allocation Income Trust¹		7,726		103,992
First Trust High Income Long/Short Fund¹		5,857		95,938
Swiss Helvetia Fund, Inc.¹		7,236		83,503
Zweig Fund, Inc.¹		5,226		80,376
BlackRock Resources & Commodities Strategy Trust¹		8,373		80,046
Clough Global Allocation Fund¹		5,280		79,728
Western Asset Worldwide Income Fund, Inc.¹		6,760		76,658
Advent Claymore Convertible Securities and Income Fund II^1,3		11,038		74,175
Gabelli Healthcare & WellnessRx Trust¹		6,565		73,922
BlackRock MuniYield Michigan Quality Fund II, Inc.¹		5,057		65,792
Nuveen Credit Strategies Income Fund¹		6,954		62,934
Western Asset Emerging Markets Income Fund, Inc.¹		5,639		62,649
Madison Covered Call & Equity Strategy Fund¹		7,458		61,230

Multi-Hedge Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
CLOSED-END FUNDS^† - 13.1% (continued)
Nuveen Build America Bond Fund¹		2,783	$	59,111
Source Capital, Inc.¹		677		49,624
Ellsworth Growth and Income Fund Ltd.¹		5,612		49,105
Western Asset High Yield Defined Opportunity Fund, Inc.¹		2,967		48,510
First Trust Enhanced Equity Income Fund¹		3,297		47,477
Nuveen Diversified Dividend & Income Fund¹		3,853		47,007
Central Securities Corp.¹		2,139		46,630
Bancroft Fund Ltd.¹		2,217		46,402
BlackRock Limited Duration Income Trust		2,873		45,365
Nuveen New Jersey Dividend Advantage Municipal Fund¹		3,296		45,188
Morgan Stanley Income Securities, Inc.¹		2,475		44,550
China Fund, Inc.¹		2,229		43,131
MFS InterMarket Income Trust I¹		5,025		42,612
New Ireland Fund, Inc.¹		3,238		42,224
Western Asset Emerging Markets Debt Fund, Inc.¹		2,626		41,360
Cohen & Steers Quality Income Realty Fund, Inc.¹		3,069		38,117
Putnam High Income Securities Fund¹		4,649		37,889
Eaton Vance Tax-Advantaged Dividend Income Fund¹		1,789		36,871
Duff & Phelps Global Utility Income Fund, Inc.¹		1,803		35,609
Korea Equity Fund, Inc.¹		4,629		35,412
MFS Multimarket Income Trust¹		5,549		35,236
Franklin Limited Duration Income Trust¹		2,879		35,037
First Trust Aberdeen Global Opportunity Income Fund¹		2,955		34,633
RMR Real Estate Income Fund¹		1,607		34,149
Delaware Enhanced Global Dividend & Income Fund¹		2,960		33,951
Advent/Claymore Enhanced Growth & Income Fund^1,3		3,546		33,403
CBRE Clarion Global Real Estate Income Fund¹		3,714		33,240
Strategic Global Income Fund, Inc.¹		3,841		32,380
BlackRock Debt Strategies Fund, Inc.¹		8,597		32,067
John Hancock Premium Dividend Fund¹		2,298		31,942
Royce Value Trust, Inc.¹		2,217		31,747
BlackRock Multi-Sector Income Trust¹		1,797		31,394
Templeton Emerging Markets Income Fund¹		2,899		31,222
BlackRock Corporate High Yield Fund, Inc.¹		2,788		31,114
Eaton Vance Limited Duration Income Fund¹		2,135		30,723
Duff & Phelps Utility and Corporate Bond Trust, Inc.		3,126		30,541
Lazard Global Total Return and Income Fund, Inc.¹		1,843		29,746
AllianceBernstein Income Fund, Inc.¹		3,802		29,351
Ares Dynamic Credit Allocation Fund, Inc.¹		1,806		29,329
Liberty All Star Equity Fund¹		4,997		29,182
Cohen & Steers Closed-End Opportunity Fund, Inc.¹		2,248		28,977
Ivy High Income Opportunities Fund¹		1,767		28,678
MFS Charter Income Trust¹		3,246		28,565
Wells Fargo Advantage Multi-Sector Income Fund¹		2,137		28,529
LMP Real Estate Income Fund, Inc.¹		1,927		25,090
Western Asset Managed High Income Fund, Inc.		4,849		25,069
Asia Tigers Fund, Inc.¹		2,106		24,303
Nuveen Quality Preferred Income Fund 3¹		2,795		24,205
Deutsche Global High Income Fund, Inc.¹		2,815		23,505
Delaware Investments National Municipal Income Fund¹		1,735		22,815
Western Asset Global Corporate Defined Opportunity Fund, Inc.¹		1,190		21,051
Virtus Global Multi-Sector Income Fund¹		1,254		20,954
Cohen & Steers Infrastructure Fund, Inc.¹		917		20,834
Macquarie Global Infrastructure Total Return Fund, Inc.¹		820		20,336
First Trust Dividend and Income Fund¹		2,256		19,966
Madison Strategic Sector Premium Fund¹		1,588		19,120
New America High Income Fund, Inc.¹		2,070		18,734
Global High Income Fund, Inc.¹		2,090		18,288
Royce Micro-Capital Trust, Inc.¹		1,815		17,751
Clough Global Opportunities Fund¹		1,382		17,220
LMP Capital and Income Fund, Inc.¹		1,022		17,108
Fort Dearborn Income Securities, Inc.¹		1,188		17,072
Central Europe Russia and Turkey Fund, Inc.¹		794		16,325
Nuveen Dividend Advantage Municipal Fund 3¹		1,139		16,162
First Trust Strategic High Income Fund II		1,097		15,599
Nuveen S&P 500 Dynamic Overwrite Fund¹		1,109		15,493

Multi-Hedge Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
CLOSED-END FUNDS^† - 13.1% (continued)
Eaton Vance Risk-Managed Diversified Equity Income Fund¹		1,417	$	15,332
Western Asset Income Fund¹		1,095		15,144
Aberdeen Singapore Fund, Inc.¹		1,310		14,882
Sprott Focus Trust, Inc.¹		1,807		13,119
Aberdeen Greater China Fund, Inc.¹		1,269		13,033
John Hancock Income Securities Trust¹		843		12,063
Deutsche High Income Trust¹		1,275		11,322
BlackRock Global Opportunities Equity Trust¹		771		10,701
Cohen & Steers Total Return Realty Fund, Inc.¹		774		10,596
Blackstone / GSO Strategic Credit Fund¹		638		10,323
First Trust Aberdeen Emerging Opportunity Fund¹		632		10,289
Voya Emerging Markets High Income Dividend Equity Fund¹		990		10,009
Alpine Global Dynamic Dividend Fund¹		970		10,001
Gabelli Global Utility & Income Trust¹		537		9,956
Nuveen Multi-Market Income Fund, Inc.¹		1,252		9,453
Templeton Dragon Fund, Inc.¹		356		8,843
MFS Intermediate High Income Fund¹		3,182		8,751
European Equity Fund, Inc.¹		974		8,513
Dividend and Income Fund¹		561		8,443
Deutsche Strategic Income Trust¹		685		8,049
Japan Smaller Capitalization Fund, Inc.¹		807		8,022
Nuveen S&P 500 Buy-Write Income Fund¹		541		6,925
Deutsche Multi-Market Income Trust¹		813		6,878
Morgan Stanley Asia-Pacific Fund, Inc.¹		427		6,725
Franklin Universal Trust¹		891		6,442
Nuveen Build America Bond Opportunity Fund¹		296		6,429
Nuveen Flexible Investment Income Fund¹		372		6,384
Delaware Investments Dividend & Income Fund, Inc.¹		579		5,825
PIMCO Dynamic Credit Income Fund¹		283		5,779
ASA Gold and Precious Metals Ltd.¹		552		5,564
Transamerica Income Shares, Inc. — Class E¹		269		5,482
Managed High Yield Plus Fund, Inc.¹		2,834		5,441
Nuveen Short Duration Credit Opportunities Fund¹		311		5,334
Neuberger Berman High Yield Strategies Fund, Inc.¹		428		5,282
JPMorgan China Region Fund, Inc.¹		271		4,873
Aberdeen Emerging Markets Smaller Company Opportunities Fund, Inc.¹		384		4,808
BlackRock Income Trust, Inc.¹		704		4,520
MFS Intermediate Income Trust¹		873		4,252
BlackRock Utility and Infrastructure Trust¹		189		3,704
AllianceBernstein Global High Income Fund, Inc.¹		290		3,645
Cohen & Steers Limited Duration Preferred and Income Fund, Inc.¹		141		3,394
Nuveen Global Equity Income Fund¹		263		3,390
Morgan Stanley Emerging Markets Fund, Inc.¹		219		3,254
KKR Income Opportunities Fund¹		178		2,930
Western Asset Global Partners Income Fund, Inc.¹		302		2,890
Advent Claymore Convertible Securities and Income Fund^1,3		167		2,886
Asia Pacific Fund, Inc.¹		219		2,543
New Germany Fund, Inc.¹		150		2,325
First Trust Intermediate Duration Preferred & Income Fund¹		99		2,224
Invesco High Income Trust II¹		146		2,208
Nuveen Floating Rate Income Fund¹		185		2,092
India Fund, Inc.¹		73		2,064
Korea Fund, Inc.^*,1		46		1,844
John Hancock Hedged Equity & Income Fund¹		99		1,626
Invesco Bond Fund¹		85		1,590
Taiwan Fund, Inc.¹		85		1,429
BlackRock International Growth and Income Trust¹		193		1,368
Eaton Vance Municipal Bond Fund¹		103		1,330
BlackRock Enhanced Capital and Income Fund, Inc.¹		87		1,309
Voya Asia Pacific High Dividend Equity Income Fund¹		113		1,309
Alliance California Municipal Income Fund, Inc.¹		94		1,306
Nuveen Tax-Advantaged Dividend Growth Fund¹		77		1,228
Clough Global Equity Fund¹		81		1,218
Montgomery Street Income Securities, Inc.¹		68		1,149
Nuveen Pennsylvania Investment Quality Municipal Fund¹		78		1,084

Multi-Hedge Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
CLOSED-END FUNDS^† - 13.1% (continued)
Western Asset High Income Opportunity Fund, Inc.¹		201	$	1,069
Voya Global Equity Dividend and Premium Opportunity Fund¹		124		1,032
Nuveen Preferred Income Opportunities Fund¹		108		1,029
Tortoise Energy Independence Fund, Inc.¹		48		966
Morgan Stanley India Investment Fund, Inc.^*,1		32		892
Principal Real Estate Income Fund¹		45		876
Mexico Equity & Income Fund, Inc.¹		71		875
Nuveen Massachusetts Premium Income Municipal Fund¹		61		817
Legg Mason BW Global Income Opportunities Fund, Inc.¹		50		797
BlackRock MuniHoldings New Jersey Quality Fund, Inc.¹		53		782
Cutwater Select Income Fund¹		29		580
Stone Harbor Emerging Markets Total Income Fund¹		32		463
Nuveen Ohio Quality Income Municipal Fund¹		26		395
Aberdeen Latin America Equity Fund, Inc.¹		18		364
Western Asset Global High Income Fund, Inc.¹		31		344
Latin American Discovery Fund, Inc.¹		30		298
Calamos Global Dynamic Income Fund¹		29		255
Pacholder High Yield Fund, Inc.¹		31		229
Wells Fargo Advantage Global Dividend Opportunity Fund¹		22		166
Aberdeen Japan Equity Fund, Inc.¹		20		162
Credit Suisse Asset Management Income Fund, Inc.¹		45		144
Tortoise Pipeline & Energy Fund, Inc.		5		143
Liberty All Star Growth Fund, Inc.¹		26		135
Cushing Renaissance Fund		6		129
Total Closed-End Funds
(Cost $5,956,026)				6,072,979

	Face Amount
REPURCHASE AGREEMENTS^††^,4 - 13.2%
RBC Capital Markets issued 03/31/15 at 0.05% due 04/01/15	$	2,033,972		2,033,972
HSBC Group issued 03/31/15 at 0.03% due 04/01/15		2,033,972		2,033,972
UMB Financial Corp. issued 03/31/15 at 0.03% due 04/01/15		2,030,241		2,030,241
Total Repurchase Agreements
(Cost $6,098,185)				6,098,185

SECURITIES LENDING COLLATERAL^††^,5 - 0.1%
Repurchase Agreements
HSBC Securities, Inc. issued 03/31/15 at 0.10% due 04/01/15		21,765		21,765
BNP Paribas Securities Corp. issued 03/31/15 at 0.10% due 04/01/15		7,487		7,487
Barclays Capital, Inc. issued 03/31/15 at 0.10% due 04/01/15		3,864		3,864
Total Securities Lending Collateral
(Cost $33,116)				33,116
Total Investments - 88.5%
(Cost $39,286,122)			$	40,953,478

	Shares
COMMON STOCKS SOLD SHORT^† - (33.7)%
Diversified - (0.1)%
Leucadia National Corp.		1,737	(38,718	)
Basic Materials - (1.2)%
Carpenter Technology Corp.		41	(1,594	)
Airgas, Inc.		80	(8,489	)
Tahoe Resources, Inc.		1,498	(16,418	)
Sherwin-Williams Co.		61	(17,355	)
PPG Industries, Inc.		82	(18,494	)
Monsanto Co.		324	(36,463	)
Allegheny Technologies, Inc.		1,236	(37,092	)
FMC Corp.		656	(37,556	)
Praxair, Inc.		324	(39,120	)
Valspar Corp.		477	(40,082	)
Ecolab, Inc.		352	(40,262	)
WR Grace & Co.^*		414	(40,932	)
Alcoa, Inc.		18,580	(240,054	)
Total Basic Materials			(573,911	)
Energy - (2.6)%
Southwestern Energy Co.^*		133	(3,084	)
Equities Corp.		50	(4,144	)
Continental Resources, Inc.^*		120	(5,240	)
First Solar, Inc.^*		90	(5,381	)
Williams Companies, Inc.		193	(9,764	)
WPX Energy, Inc.^*		953	(10,416	)
RPC, Inc.		1,077	(13,796	)
MRC Global, Inc.^*		1,198	(14,196	)
Gulfport Energy Corp.^*		483	(22,175	)
Cheniere Energy, Inc.^*		343	(26,548	)
FMC Technologies, Inc.^*		739	(27,350	)
CONSOL Energy, Inc.		1,013	(28,253	)
Kosmos Energy Ltd.^*		3,834	(30,327	)

Multi-Hedge Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS SOLD SHORT^† - (33.7)% (continued)
Energy - (2.6)% (continued)
Oceaneering International, Inc.		589	$	(31,765	)
Dril-Quip, Inc.^*		484		(33,101	)
Antero Resources Corp.^*		995		(35,143	)
Pioneer Natural Resources Co.		231		(37,771	)
ONEOK, Inc.		804		(38,785	)
Range Resources Corp.		784		(40,799	)
Rice Energy, Inc.^*		1,970		(42,867	)
Cobalt International Energy, Inc.^*		4,594		(43,230	)
Cabot Oil & Gas Corp. — Class A		1,488		(43,941	)
SunEdison, Inc.^*		1,860		(44,640	)
Energy Transfer Partners, LP		4,567		(254,610	)
Halliburton Co.		8,524		(374,033	)
Total Energy				(1,221,359	)
Technology - (2.7)%
Cypress Semiconductor Corp.		1		(14	)
Accenture plc — Class A		31		(2,904	)
Red Hat, Inc.^*		41		(3,106	)
Jack Henry & Associates, Inc.		61		(4,263	)
Teradata Corp.^*		137		(6,047	)
International Business Machines Corp.		40		(6,420	)
VeriFone Systems, Inc.^*		266		(9,281	)
Veeva Systems, Inc. — Class A^*		402		(10,263	)
Solera Holdings, Inc.		221		(11,417	)
Linear Technology Corp.		246		(11,513	)
IHS, Inc. — Class A^*		112		(12,741	)
athenahealth, Inc.^*		110		(13,133	)
Stratasys Ltd.^*		384		(20,268	)
Allscripts Healthcare Solutions, Inc.^*		1,753		(20,966	)
Nuance Communications, Inc.^*		1,689		(24,237	)
Genpact Ltd.^*		1,066		(24,785	)
Informatica Corp.^*		574		(25,173	)
Cree, Inc.^*		984		(34,922	)
NetSuite, Inc.^*		396		(36,733	)
Diebold, Inc.		1,046		(37,091	)
Workday, Inc. — Class A^*		452		(38,153	)
Leidos Holdings, Inc.		925		(38,813	)
Zynga, Inc. — Class A^*		13,715		(39,088	)
Tableau Software, Inc. — Class A^*		440		(40,709	)
Atmel Corp.		4,967		(40,878	)
NCR Corp.^*		1,386		(40,901	)
Paychex, Inc.		859		(42,619	)
Altera Corp.		1,000		(42,910	)
salesforce.com, Inc.^*		643		(42,959	)
ServiceNow, Inc.^*		559		(44,038	)
MSCI, Inc. — Class A		752		(46,105	)
Applied Materials, Inc.		8,564		(193,204	)
NXP Semiconductor N.V.^*		3,005		(301,582	)
Total Technology				(1,267,236	)
Utilities - (2.9)%
NRG Energy, Inc.		151		(3,804	)
Duke Energy Corp.		50		(3,839	)
American Water Works Company, Inc.		90		(4,879	)
Exelon Corp.		400		(13,444	)
MDU Resources Group, Inc.		1,402		(29,919	)
CenterPoint Energy, Inc.		1,704		(34,779	)
National Fuel Gas Co.		617		(37,224	)
OGE Energy Corp.		1,210		(38,248	)
PPL Corp.		1,156		(38,911	)
Eversource Energy		774		(39,102	)
Southern Co.		894		(39,586	)
ITC Holdings Corp.		1,065		(39,863	)
Dominion Resources, Inc.		564		(39,971	)
FirstEnergy Corp.		1,145		(40,144	)
TECO Energy, Inc.		2,074		(40,236	)
Sempra Energy		372		(40,555	)
Questar Corp.		1,725		(41,159	)
NiSource, Inc.		935		(41,289	)
Aqua America, Inc.		1,591		(41,923	)
Calpine Corp.^*		1,882		(43,041	)
Wisconsin Energy Corp.		13,828		(684,486	)
Total Utilities				(1,336,402	)
Communications - (3.1)%
United States Cellular Corp.^*		144		(5,144	)
Alliance Data Systems Corp.^*		31		(9,184	)
DISH Network Corp. — Class A^*		133		(9,318	)
TripAdvisor, Inc.^*		120		(9,980	)
Clear Channel Outdoor Holdings, Inc. — Class A		1,199		(12,134	)
Charter Communications, Inc. — Class A^*		71		(13,711	)
Level 3 Communications, Inc.^*		331		(17,821	)
Yelp, Inc. — Class A^*		483		(22,870	)
HomeAway, Inc.^*		771		(23,261	)
Pandora Media, Inc.^*		1,438		(23,310	)
FireEye, Inc.^*		663		(26,023	)
Discovery Communications, Inc. — Class A^*		1,036		(31,867	)
Netflix, Inc.^*		82		(34,169	)
Palo Alto Networks, Inc.^*		251		(36,667	)
Splunk, Inc.^*		625		(37,000	)
Groupon, Inc. — Class A^*		5,285		(38,105	)
Amazon.com, Inc.^*		103		(38,326	)
Juniper Networks, Inc.		1,729		(39,041	)
Motorola Solutions, Inc.		593		(39,535	)
LinkedIn Corp. — Class A^*		161		(40,228	)
Verizon Communications, Inc.		834		(40,557	)
JDS Uniphase Corp.^*		3,137		(41,157	)
CBS Corp. — Class B		683		(41,410	)
Twitter, Inc.^*		855		(42,818	)
AMC Networks, Inc. — Class A^*		619		(47,441	)
AT&T, Inc.		3,350		(109,378	)
Harris Corp.		2,415		(190,205	)
Comcast Corp. — Class A		7,604		(429,398	)
Total Communications				(1,450,058	)
Industrial - (3.5)%
Hexcel Corp.		71		(3,651	)
Crane Co.		60		(3,745	)
Fortune Brands Home & Security, Inc.		82		(3,893	)
USG Corp.^*		154		(4,112	)
Tyco International plc		112		(4,823	)
Vulcan Materials Co.		60		(5,058	)
Babcock & Wilcox Co.		205		(6,578	)

Multi-Hedge Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS SOLD SHORT^† - (33.7)% (continued)
Industrial - (3.5)% (continued)
Jabil Circuit, Inc.		299	$	(6,991	)
Teekay Corp.		162		(7,544	)
Genesee & Wyoming, Inc. — Class A^*		90		(8,680	)
Clean Harbors, Inc.^*		154		(8,744	)
Roper Industries, Inc.		52		(8,944	)
Wabtec Corp.		102		(9,691	)
Martin Marietta Materials, Inc.		71		(9,926	)
Lincoln Electric Holdings, Inc.		164		(10,724	)
Colfax Corp.^*		339		(16,180	)
Emerson Electric Co.		322		(18,232	)
Kennametal, Inc.		583		(19,641	)
Waters Corp.^*		171		(21,259	)
Acuity Brands, Inc.		135		(22,702	)
KBR, Inc.		1,614		(23,371	)
Eagle Materials, Inc.		384		(32,087	)
Graco, Inc.		463		(33,410	)
Kansas City Southern		328		(33,482	)
TransDigm Group, Inc.		157		(34,339	)
Owens-Illinois, Inc.^*		1,548		(36,099	)
Sealed Air Corp.		800		(36,448	)
United Parcel Service, Inc. — Class B		383		(37,128	)
AptarGroup, Inc.		603		(38,303	)
Landstar System, Inc.		590		(39,117	)
Trimble Navigation Ltd.^*		1,558		(39,262	)
FLIR Systems, Inc.		1,267		(39,631	)
SBA Communications Corp. — Class A^*		342		(40,048	)
Precision Castparts Corp.		191		(40,110	)
Nordson Corp.		513		(40,188	)
Donaldson Company, Inc.		1,076		(40,576	)
Manitowoc Company, Inc.		1,890		(40,748	)
Pall Corp.		407		(40,859	)
Middleby Corp.^*		401		(41,164	)
Boeing Co.		275		(41,272	)
B/E Aerospace, Inc.		653		(41,544	)
CH Robinson Worldwide, Inc.		568		(41,589	)
Armstrong World Industries, Inc.^*		728		(41,838	)
National Instruments Corp.		1,307		(41,876	)
J.B. Hunt Transport Services, Inc.		507		(43,295	)
Stericycle, Inc.^*		312		(43,814	)
Expeditors International of Washington, Inc.		920		(44,326	)
Mettler-Toledo International, Inc.^*		135		(44,368	)
Rock-Tenn Co. — Class A		5,217		(336,496	)
Total Industrial				(1,627,906	)
Consumer, Cyclical - (3.6)%
Domino's Pizza, Inc.		21		(2,112	)
Coach, Inc.		98		(4,060	)
Taylor Morrison Home Corp. — Class A^*		225		(4,691	)
Hasbro, Inc.		92		(5,818	)
World Fuel Services Corp.		112		(6,438	)
McDonald's Corp.		71		(6,918	)
PVH Corp.		66		(7,033	)
Mattel, Inc.		339		(7,746	)
Spirit Airlines, Inc.^*		131		(10,134	)
Wynn Resorts Ltd.		100		(12,588	)
Regal Entertainment Group — Class A		593		(13,544	)
Dollar General Corp.^*		205		(15,453	)
Cabela's, Inc.^*		328		(18,361	)
Goodyear Tire & Rubber Co.		707		(19,146	)
Delta Air Lines, Inc.		441		(19,827	)
DSW, Inc. — Class A		615		(22,681	)
CarMax, Inc.^*		358		(24,706	)
SeaWorld Entertainment, Inc.		1,290		(24,871	)
MSC Industrial Direct Company, Inc. — Class A		412		(29,746	)
Ulta Salon Cosmetics & Fragrance, Inc.^*		212		(31,980	)
Kate Spade & Co.^*		975		(32,555	)
United Continental Holdings, Inc.^*		490		(32,953	)
WW Grainger, Inc.		147		(34,664	)
Tesla Motors, Inc.^*		191		(36,055	)
LKQ Corp.^*		1,435		(36,679	)
Costco Wholesale Corp.		248		(37,571	)
Tupperware Brands Corp.		563		(38,858	)
Fastenal Co.		950		(39,363	)
Panera Bread Co. — Class A^*		247		(39,519	)
Tempur Sealy International, Inc.^*		686		(39,610	)
Tiffany & Co.		453		(39,869	)
BorgWarner, Inc.		673		(40,703	)
Target Corp.		501		(41,117	)
Scotts Miracle-Gro Co. — Class A		613		(41,175	)
Sally Beauty Holdings, Inc.^*		1,216		(41,794	)
Yum! Brands, Inc.		534		(42,036	)
Copart, Inc.^*		1,126		(42,303	)
Navistar International Corp.^*		1,438		(42,421	)
Dunkin' Brands Group, Inc.		892		(42,424	)
Starbucks Corp.		452		(42,805	)
GNC Holdings, Inc. — Class A		874		(42,887	)
Toro Co.		613		(42,984	)
Tractor Supply Co.		507		(43,125	)
Toll Brothers, Inc.^*		1,099		(43,235	)
HD Supply Holdings, Inc.^*		1,398		(43,555	)
Choice Hotels International, Inc.		682		(43,696	)
Gaming and Leisure Properties, Inc.		1,206		(44,465	)
Lions Gate Entertainment Corp.		1,375		(46,640	)
Dollar Tree, Inc.^*		1,151		(93,398	)
Staples, Inc.		9,745		(158,697	)
Total Consumer, Cyclical				(1,675,009	)
Consumer, Non-cyclical - (4.7)%
Coty, Inc. — Class A^*		34		(825	)
Medivation, Inc.^*		17		(2,194	)
ConAgra Foods, Inc.		92		(3,361	)
Clorox Co.		41		(4,526	)
H&R Block, Inc.		151		(4,843	)
Moody's Corp.		69		(7,162	)
Western Union Co.		461		(9,593	)
FleetCor Technologies, Inc.^*		90		(13,583	)
Kimberly-Clark Corp.		131		(14,031	)
Bruker Corp.^*		814		(15,035	)

Multi-Hedge Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS SOLD SHORT^† - (33.7)% (continued)
Consumer, Non-cyclical - (4.7)% (continued)
Zoetis, Inc.		328	$	(15,183	)
Endo International plc^*		171		(15,339	)
WhiteWave Foods Co. — Class A^*		472		(20,928	)
Gartner, Inc.^*		271		(22,723	)
Avon Products, Inc.		3,075		(24,569	)
CoStar Group, Inc.^*		133		(26,311	)
Intuitive Surgical, Inc.^*		54		(27,271	)
Jazz Pharmaceuticals plc^*		161		(27,819	)
Kellogg Co.		442		(29,150	)
Hologic, Inc.^*		909		(30,020	)
Alnylam Pharmaceuticals, Inc.^*		292		(30,491	)
Vertex Pharmaceuticals, Inc.^*		265		(31,262	)
Incyte Corp.^*		342		(31,348	)
Hertz Global Holdings, Inc.^*		1,507		(32,671	)
Monster Beverage Corp.^*		239		(33,076	)
Estee Lauder Companies, Inc. — Class A		410		(34,096	)
Patterson Companies, Inc.		706		(34,446	)
Campbell Soup Co.		780		(36,309	)
Sysco Corp.		965		(36,409	)
Philip Morris International, Inc.		497		(37,439	)
Tenet Healthcare Corp.^*		781		(38,667	)
Align Technology, Inc.^*		724		(38,940	)
Brown-Forman Corp. — Class B		434		(39,212	)
Hershey Co.		396		(39,960	)
Coca-Cola Co.		986		(39,982	)
Automatic Data Processing, Inc.		467		(39,994	)
Sprouts Farmers Market, Inc.^*		1,141		(40,197	)
Whole Foods Market, Inc.		772		(40,206	)
Mead Johnson Nutrition Co. — Class A		403		(40,513	)
McCormick & Company, Inc.		527		(40,637	)
AmerisourceBergen Corp. — Class A		361		(41,035	)
Colgate-Palmolive Co.		592		(41,049	)
MasterCard, Inc. — Class A		479		(41,380	)
Morningstar, Inc.		555		(41,575	)
McGraw Hill Financial, Inc.		403		(41,670	)
Seattle Genetics, Inc.^*		1,196		(42,279	)
Envision Healthcare Holdings, Inc.^*		1,106		(42,415	)
Premier, Inc. — Class A^*		1,141		(42,879	)
Hain Celestial Group, Inc.^*		673		(43,106	)
Bristol-Myers Squibb Co.		683		(44,054	)
BioMarin Pharmaceutical, Inc.^*		356		(44,365	)
Verisk Analytics, Inc. — Class A^*		623		(44,483	)
Flowers Foods, Inc.		1,957		(44,502	)
Rollins, Inc.		1,870		(46,245	)
Kraft Foods Group, Inc.		633		(55,144	)
Reynolds American, Inc.		2,707		(186,539	)
Tornier N.V.^*		9,855		(258,398	)
Total Consumer, Non-cyclical				(2,151,439	)
Financial - (9.3)%
DDR Corp.		82		(1,527	)
First Niagara Financial Group, Inc.		195		(1,724	)
Prologis, Inc.		41		(1,786	)
Tanger Factory Outlet Centers, Inc.		51		(1,794	)
Charles Schwab Corp.		61		(1,857	)
Liberty Property Trust		61		(2,178	)
Douglas Emmett, Inc.		100		(2,981	)
Prudential Financial, Inc.		55		(4,417	)
Apartment Investment & Management Co. — Class A		144		(5,668	)
WP Carey, Inc.		112		(7,616	)
Realogy Holdings Corp.^*		252		(11,461	)
Forest City Enterprises, Inc. — Class A^*		465		(11,867	)
Columbia Property Trust, Inc.		643		(17,374	)
Kilroy Realty Corp.		236		(17,976	)
Zions Bancorporation		751		(20,277	)
Progressive Corp.		757		(20,590	)
Signature Bank^*		181		(23,454	)
Visa, Inc. — Class A		360		(23,548	)
T. Rowe Price Group, Inc.		302		(24,456	)
Markel Corp.^*		32		(24,607	)
Realty Income Corp.		505		(26,058	)
TFS Financial Corp.		1,905		(27,965	)
MBIA, Inc.^*		3,178		(29,555	)
Healthcare Trust of America, Inc. — Class A		1,112		(30,980	)
Genworth Financial, Inc. — Class A^*		4,333		(31,674	)
Simon Property Group, Inc.		170		(33,259	)
American Tower Corp. — Class A		362		(34,082	)
American Express Co.		452		(35,310	)
Cullen/Frost Bankers, Inc.		513		(35,438	)
CBOE Holdings, Inc.		620		(35,591	)
White Mountains Insurance Group Ltd.		53		(36,280	)
Aflac, Inc.		573		(36,678	)
BOK Financial Corp.		605		(37,038	)
Crown Castle International Corp.		463		(38,216	)
Commerce Bancshares, Inc.		908		(38,427	)
Bank of Hawaii Corp.		635		(38,868	)
Aon plc		405		(38,929	)
Loews Corp.		955		(38,993	)
State Street Corp.		534		(39,265	)
LPL Financial Holdings, Inc.		905		(39,693	)
Waddell & Reed Financial, Inc. — Class A		804		(39,830	)
Affiliated Managers Group, Inc.^*		186		(39,949	)
TD Ameritrade Holding Corp.		1,077		(40,129	)
Eaton Vance Corp.		965		(40,183	)
Rayonier, Inc.		1,498		(40,386	)
Arthur J Gallagher & Co.		864		(40,392	)
American Homes 4 Rent — Class A		2,453		(40,597	)
Marsh & McLennan Companies, Inc.		733		(41,114	)
Old Republic International Corp.		2,755		(41,160	)
Senior Housing Properties Trust		1,858		(41,229	)
ProAssurance Corp.		904		(41,503	)
Intercontinental Exchange, Inc.		178		(41,522	)
Lamar Advertising Co. — Class A		704		(41,726	)

Multi-Hedge Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS SOLD SHORT^† - (33.7)% (continued)
Financial - (9.3)% (continued)
Cincinnati Financial Corp.		784	$	(41,772	)
Brown & Brown, Inc.		1,266		(41,917	)
SVB Financial Group^*		332		(42,177	)
Plum Creek Timber Company, Inc.		974		(42,320	)
BankUnited, Inc.		1,304		(42,693	)
First Republic Bank		763		(43,560	)
Howard Hughes Corp.^*		281		(43,560	)
Sterling Bancorp		5,111		(68,539	)
PacWest Bancorp		2,970		(139,263	)
M&T Bank Corp.		2,695		(342,265	)
Royal Bank of Canada		7,033		(424,512	)
PartnerRe Ltd.		3,784		(432,624	)
Omega Healthcare Investors, Inc.		12,706		(515,481	)
BB&T Corp.		14,615		(569,839	)
Total Financial				(4,249,699	)
Total Common Stocks Sold Short
(Proceeds $15,277,351)				(15,591,737	)

EXCHANGE-TRADED FUNDS SOLD SHORT^† - (11.2)%
iShares MSCI Mexico Capped ETF		440		(25,502	)
iShares MSCI Taiwan ETF		1,939		(30,520	)
iShares MSCI Emerging Markets ETF		796		(31,943	)
Market Vectors Gold Miners ETF		2,040		(37,210	)
iShares MSCI Australia ETF		1,754		(40,096	)
iShares MSCI Japan ETF		3,351		(41,988	)
iShares MSCI Malaysia ETF		3,725		(49,505	)
iShares 7-10 Year Treasury Bond ETF		525		(56,905	)
iShares MSCI South Korea Capped ETF		1,102		(63,078	)
iShares China Large-Capital ETF		1,423		(63,252	)
iShares MSCI United Kingdom ETF		4,497		(80,991	)
Powershares QQQ Trust Series 1		835		(88,176	)
iShares iBoxx $ High Yield Corporate Bond ETF		1,114		(100,940	)
iShares MSCI Canada ETF		4,087		(111,085	)
iShares 20+ Year Treasury Bond ETF		1,338		(174,863	)
iShares iBoxx $ Investment Grade Corporate Bond ETF		1,537		(187,068	)
iShares MSCI EAFE ETF		3,285		(210,798	)
iShares Russell 2000 ETF		1,916		(238,255	)
iShares TIPS Bond ETF		2,963		(336,567	)
iShares US Real Estate ETF		5,772		(457,835	)
iShares Core U.S. Aggregate Bond ETF		4,137		(460,986	)
iShares Russell 1000 Value ETF		4,732		(487,775	)
SPDR Barclays High Yield Bond ETF		19,706		(772,870	)
SPDR S&P 500 ETF Trust		5,054		(1,043,298	)
Total Exchange-Traded Funds Sold Short
(Proceeds $4,874,910)				(5,191,506	)
Total Securities Sold Short- (44.9)%
(Proceeds $20,152,261)			$	(20,783,243	)
Other Assets & Liabilities, net - 56.4%				26,130,761
Total Net Assets - 100.0%			$	46,300,996

	Contracts		Unrealized Gain
INTEREST RATE FUTURES CONTRACTS PURCHASED^†
June 2015 Euro - Bund Futures Contracts^†† (Aggregate Value of Contracts $2,560,602)		15	$	37,193
June 2015 Australian Government 10 Year Bond Futures Contracts^†† (Aggregate Value of Contracts $1,719,228)		17		22,417
June 2015 U.S. Treasury Long Bond Futures Contracts (Aggregate Value of Contracts $983,625)		6		19,108
June 2015 U.S. Treasury Ultra Long Bond Futures Contracts (Aggregate Value of Contracts $510,000)		3		11,687
June 2015 U.S. Treasury 5 Year Note Futures Contracts (Aggregate Value of Contracts $1,081,828)		9		10,360
June 2015 Australian Government 3 Year Bond Futures Contracts^†† (Aggregate Value of Contracts $3,087,947)		36		9,823
June 2015 Euro - Bobl Futures Contracts^†† (Aggregate Value of Contracts $3,895,770)		28		9,782
June 2015 U.S. Treasury 10 Year Note Futures Contracts (Aggregate Value of Contracts $1,160,156)		9		9,138
June 2015 Japanese Government 10 Year Bond Futures Contracts^†† (Aggregate Value of Contracts $6,135,569)		5		6,342
June 2015 Canadian Government 10 Year Bond Futures Contracts^†† (Aggregate Value of Contracts $1,803,310)		16		3,076

Multi-Hedge Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Contracts		Unrealized Gain (Loss)
INTEREST RATE FUTURES CONTRACTS PURCHASED^† (continued)
June 2015 Euro - Schatz Futures Contracts^†† (Aggregate Value of Contracts $2,032,507)		17	$	1,269
June 2015 Long Gilt Futures Contracts^†† (Aggregate Value of Contracts $715,894)		4		(2,398	)
(Total Aggregate Value of Contracts $25,686,436)			$	137,797

COMMODITY FUTURES CONTRACTS PURCHASED^†
June 2015 Live Cattle Futures Contracts (Aggregate Value of Contracts $792,741)		13	$	25,126
May 2015 LME Lead Futures Contracts (Aggregate Value of Contracts $364,020)		8		13,656
June 2015 Gold 100 oz. Futures Contracts (Aggregate Value of Contracts $118,400)		1		(107	)
May 2015 LME Zinc Futures Contracts (Aggregate Value of Contracts $207,810)		4		(925	)
May 2015 Silver Futures Contracts (Aggregate Value of Contracts $166,300)		2		(2,303	)
May 2015 WTI Crude Futures Contracts (Aggregate Value of Contracts $94,980)		2		(2,403	)
(Total Aggregate Value of Contracts $1,744,251)			$	33,044

EQUITY FUTURES CONTRACTS PURCHASED^†
June 2015 Topix Index Futures Contracts^†† (Aggregate Value of Contracts $1,158,520)		9	$	12,230
June 2015 Nikkei 225 (OSE) Index Futures Contracts^†† (Aggregate Value of Contracts $641,043)		4		10,860
April 2015 IBEX 35 Index Futures Contracts^†† (Aggregate Value of Contracts $246,238)		2		10,256
April 2015 H-Shares Index Futures Contracts^†† (Aggregate Value of Contracts $241,277)		3		8,513
June 2015 S&P MidCap 400 Index Mini Futures Contracts (Aggregate Value of Contracts $456,060)		3		6,809
June 2015 S&P 500 Index Mini Futures Contracts (Aggregate Value of Contracts $205,950)		2		2,502
June 2015 Dow Jones Industrial Average Index Mini Futures Contracts (Aggregate Value of Contracts $353,900)		4		2,074
May 2015 CBOE Volatility Index Futures Contracts (Aggregate Value of Contracts $124,180)		7		1,102
June 2015 DAX Index Futures Contracts^†† (Aggregate Value of Contracts $321,580)		1		791
June 2015 NASDAQ-100 Index Mini Futures Contracts (Aggregate Value of Contracts $865,650)		10		637
June 2015 SPI 200 Index Futures Contracts^†† (Aggregate Value of Contracts $222,933)		2		558
June 2015 Russell 2000 Index Mini Futures Contracts (Aggregate Value of Contracts $124,920)		1		67
June 2015 CBOE Volatility Index Futures Contracts (Aggregate Value of Contracts $109,620)		6		(690	)
August 2015 CBOE Volatility Index Futures Contracts (Aggregate Value of Contracts $169,920)		9		(733	)
April 2015 Amsterdam Index Futures Contracts^†† (Aggregate Value of Contracts $840,118)		8		(8,944	)
June 2015 FTSE 100 Index Futures Contracts^†† (Aggregate Value of Contracts $796,487)		8		(21,922	)
(Total Aggregate Value of Contracts $6,878,396)			$	24,110

COMMODITY FUTURES CONTRACTS SOLD SHORT^†
May 2015 Sugar #11 Futures Contracts (Aggregate Value of Contracts $712,914)		53	$	104,605
May 2015 LME Nickel Futures Contracts (Aggregate Value of Contracts $296,832)		4		26,176
May 2015 Gas Oil Futures Contracts (Aggregate Value of Contracts $365,050)		7		12,037

Multi-Hedge Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Contracts		Unrealized Gain (Loss)
COMMODITY FUTURES CONTRACTS SOLD SHORT^† (continued)
May 2015 Corn Futures Contracts (Aggregate Value of Contracts $225,750)		12	$	11,293
June 2015 Brent Crude Futures Contracts (Aggregate Value of Contracts $168,570)		3		5,884
May 2015 Coffee 'C' Futures Contracts (Aggregate Value of Contracts $49,744)		1		3,015
May 2015 Wheat Futures Contracts (Aggregate Value of Contracts $102,550)		4		1,800
May 2015 Gasoline RBOB Futures Contracts (Aggregate Value of Contracts $74,386)		1		1,096
May 2015 Natural Gas Futures Contracts (Aggregate Value of Contracts $26,370)		1		7
May 2015 Soybean Futures Contracts (Aggregate Value of Contracts $243,188)		5		(1,153	)
May 2015 Hard Red Winter Wheat Futures Contracts (Aggregate Value of Contracts $224,300)		8		(1,357	)
June 2015 Lean Hogs Futures Contracts (Aggregate Value of Contracts $608,600)		20		(2,943	)
May 2015 LME Primary Aluminum Futures Contracts (Aggregate Value of Contracts $622,738)		14		(4,039	)
May 2015 Cotton #2 Futures Contracts (Aggregate Value of Contracts $220,850)		7		(5,989	)
(Total Aggregate Value of Contracts $3,941,842)			$	150,432

EQUITY FUTURES CONTRACTS SOLD SHORT^†
April 2015 CBOE Volatility Index Futures Contracts (Aggregate Value of Contracts $243,750)		15	$	49,307
July 2015 CBOE Volatility Index Futures Contracts (Aggregate Value of Contracts $37,380)		2		3,815
April 2015 CAC40 10 Euro Index Futures Contracts^†† (Aggregate Value of Contracts $324,493)		6		84
April 2015 MSCI Taiwan Stock Index Futures Contracts (Aggregate Value of Contracts $70,428)		2		(245	)
April 2015 Hang Seng Index Futures Contracts^†† (Aggregate Value of Contracts $161,071)		1		(3,256	)
(Total Aggregate Value of Contracts $837,122)			$	49,705

CURRENCY FUTURES CONTRACTS SOLD SHORT^†
June 2015 British Pound Futures Contracts (Aggregate Value of Contracts $556,050)		6	$	6,054
June 2015 Canadian Dollar Futures Contracts (Aggregate Value of Contracts $157,740)		2		838
June 2015 Euro FX Futures Contracts (Aggregate Value of Contracts $672,563)		5		(3,206	)
June 2015 Japanese Yen Futures Contracts (Aggregate Value of Contracts $1,460,550)		14		(13,436	)
June 2015 Swiss Franc Futures Contracts (Aggregate Value of Contracts $516,050)		4		(14,473	)
(Total Aggregate Value of Contracts $3,362,953)			$	(24,223	)

	Units		Unrealized Gain
OTC EQUITY INDEX SWAP AGREEMENTS^††
Goldman Sachs International April 2015 Goldman Sachs Multi- Hedge Strategies Long Index Swap, Terminating 04/14/15⁶ (Notional Value $6,961,861)		51,061	$	131,415
Goldman Sachs International April 2015 Goldman Sachs Multi- Hedge Strategies Short Index Swap, Terminating 04/14/15⁷ (Notional Value $2,022,011)		17,154		6,016
(Total National Value $8,983,872)			$	137,431

SECTOR DIVERSIFICATION

Goldman Sachs Multi-Hedge Strategies Long Index Swap⁶

Sector	% of Index
Consumer Discretionary	21.9%
Health Care	21.5%
Technology	15.3%
Financials	13.8%
Consumer Staples	13.8%
Industrials	5.9%
Materials	3.3%
Communications	2.8%
Energy	1.2%
Utilities	0.5%
Total	100.0%

Goldman Sachs Multi-Hedge Strategies Short Index Swap⁷

Sector	% of Index
Energy	32.2%
Industrials	21.1%
Financials	15.2%
Materials	8.6%
Communications	7.4%
Consumer Discretionary	6.4%
Technology	4.2%
Consumer Staples	3.0%
Utilities	1.9%
Total	100.0%

Multi-Hedge Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENT PROTECTION PURCHASED^††
Index	Counterparty	Protection Premium Rate			Maturity Date	Notional Principal		Notional Value		Upfront Premiums Paid		Unrealized Appreciation
CDX.EM-23 Index	Barclays Bank plc		1.00	%	06/20/20	$	1,150,000	$	1,032,929	$	113,316	$	3,121

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs, unless otherwise noted — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	All or a portion of this security is pledged as short security collateral at March 31, 2015.
²	All or portion of this security is on loan at March 31, 2015 — See Note 5.
³	Investment in a product that is managed by and/or pays a management fee to a party related to the Adviser — See Note 7.
⁴	Repurchase Agreements — See Note 4.
⁵	Securities lending collateral — See Note 5.
⁶	Customized basket of 193 exchange-traded equity securities. Total Return based on Goldman Sachs Multi-Hedge Strategies Long Index +/- financing at a variable rate.
⁷	Customized basket of 117 exchange-traded equity securities. Total Return based on Goldman Sachs Multi-Hedge Strategies Short Index +/- financing at a variable rate.

	ADR — American Depositary Receipt
	plc — Public Limited Company
	REIT — Real Estate Investment Trust

NASDAQ-100^® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 81.3%
Technology - 31.4%
Apple, Inc.		52,370	$	6,516,400
Microsoft Corp.		73,676		2,995,299
Intel Corp.		42,532		1,329,975
QUALCOMM, Inc.		14,814		1,027,203
Texas Instruments, Inc.		9,404		537,768
Cognizant Technology Solutions Corp. — Class A^*		5,475		341,585
Adobe Systems, Inc.^*		4,499		332,656
Avago Technologies Ltd.		2,302		292,308
Micron Technology, Inc.^*		9,675		262,483
Applied Materials, Inc.		11,034		248,927
Intuit, Inc.		2,485		240,946
Cerner Corp.^*		3,077		225,421
Broadcom Corp. — Class A		4,939		213,834
NXP Semiconductor N.V.^*		2,072		207,946
Western Digital Corp.		2,075		188,846
Analog Devices, Inc.		2,799		176,337
Fiserv, Inc.^*		2,144		170,233
Electronic Arts, Inc.^*		2,784		163,741
Paychex, Inc.		3,261		161,795
Seagate Technology plc		2,949		153,436
Activision Blizzard, Inc.		6,492		147,531
Check Point Software Technologies Ltd.^*		1,651		135,332
CA, Inc.		3,977		129,690
SanDisk Corp.		1,913		121,705
Autodesk, Inc.^*		2,043		119,802
Altera Corp.		2,702		115,943
Akamai Technologies, Inc.^*		1,599		113,601
NVIDIA Corp.		4,881		102,135
Linear Technology Corp.		2,148		100,526
Lam Research Corp.		1,431		100,506
Xilinx, Inc.		2,348		99,320
NetApp, Inc.		2,800		99,288
Citrix Systems, Inc.^*		1,435		91,653
KLA-Tencor Corp.		1,461		85,162
Total Technology				17,349,333
Communications - 25.7%
Google, Inc. — Class C^*		3,059		1,676,331
Facebook, Inc. — Class A^*		20,084		1,651,206
Amazon.com, Inc.^*		4,170		1,551,657
Google, Inc. — Class A^*		2,577		1,429,462
Cisco Systems, Inc.		45,844		1,261,856
Comcast Corp. — Class A		19,139		1,080,779
eBay, Inc.^*		10,867		626,809
Priceline Group, Inc.^*		466		542,494
Baidu, Inc. ADR^*		2,488		518,499
Twenty-First Century Fox, Inc. — Class A		11,923		403,475
DIRECTV^*		4,515		384,227
Yahoo!, Inc.^*		8,407		373,565
Liberty Global plc^*		5,619		279,882
Twenty-First Century Fox, Inc. — Class B		7,171		235,782
Netflix, Inc.^*		543		226,263
Viacom, Inc. — Class B		3,189		217,809
Comcast Corp. — Class A		3,597		201,666
Charter Communications, Inc. — Class A^*		1,006		194,269
Sirius XM Holdings, Inc.^*		50,125		191,478
Symantec Corp.		6,128		143,181
DISH Network Corp. — Class A^*		2,006		140,540
Vodafone Group plc ADR		3,871		126,504
Liberty Interactive Corp. — Class A^*		4,001		116,789
Liberty Global plc — Class A^*		2,257		116,168
TripAdvisor, Inc.^*		1,169		97,226
VimpelCom Ltd. ADR		15,776		82,666
Liberty Media Corp. — Class C^*		2,050		78,310
Discovery Communications, Inc. — Class C^*		2,551		75,190
Liberty Ventures^*		1,208		50,748
Discovery Communications, Inc. — Class A^*		1,335		41,065
Liberty Media Corp. — Class A^*		939		36,198
Total Communications				14,152,094
Consumer, Non-cyclical - 15.4%
Gilead Sciences, Inc.^*		13,376		1,312,586
Amgen, Inc.		6,815		1,089,377
Biogen, Inc.^*		2,107		889,660
Celgene Corp.^*		7,190		828,863
Express Scripts Holding Co.^*		6,528		566,435
Mondelez International, Inc. — Class A		14,813		534,601
Kraft Foods Group, Inc.		5,280		459,967
Regeneron Pharmaceuticals, Inc.^*		904		408,138
Automatic Data Processing, Inc.		4,267		365,426
Alexion Pharmaceuticals, Inc.^*		1,815		314,540
Vertex Pharmaceuticals, Inc.^*		2,174		256,467
Illumina, Inc.^*		1,291		239,661
Monster Beverage Corp.^*		1,506		208,423
Mylan N.V.^*		3,368		199,891
Whole Foods Market, Inc.		3,240		168,739
Intuitive Surgical, Inc.^*		329		166,155
Keurig Green Mountain, Inc.		1,452		162,232
Catamaran Corp.^*		1,863		110,923
Henry Schein, Inc.^*		753		105,134
Verisk Analytics, Inc. — Class A^*		1,420		101,388
Total Consumer, Non-cyclical				8,488,606
Consumer, Cyclical - 7.6%
Walgreens Boots Alliance, Inc.		9,789		828,932
Starbucks Corp.		6,734		637,710
Costco Wholesale Corp.		3,956		599,314
American Airlines Group, Inc.		6,256		330,192
Tesla Motors, Inc.^*		1,129		213,121
PACCAR, Inc.		3,184		201,038
Marriott International, Inc. — Class A		2,483		199,435
O'Reilly Automotive, Inc.^*		913		197,427
Ross Stores, Inc.		1,872		197,234
Dollar Tree, Inc.^*		1,847		149,875
Bed Bath & Beyond, Inc.^*		1,667		127,984
Wynn Resorts Ltd.		912		114,803
Fastenal Co.		2,654		109,968
Tractor Supply Co.		1,223		104,028
Staples, Inc.		5,750		93,639

NASDAQ-100^® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 81.3% (continued)
Consumer, Cyclical - 7.6% (continued)
Mattel, Inc.		3,038	$	69,418
Total Consumer, Cyclical				4,174,118
Industrial - 0.9%
SBA Communications Corp. — Class A^*		1,160		135,836
Stericycle, Inc.^*		763		107,148
CH Robinson Worldwide, Inc.		1,315		96,284
Expeditors International of Washington, Inc.		1,722		82,966
Garmin Ltd.		1,723		81,877
Total Industrial				504,111
Basic Materials - 0.3%
Sigma-Aldrich Corp.		1,073		148,342
Total Common Stocks
(Cost $41,515,957)				44,816,604

MUTUAL FUNDS^† - 1.9%
Guggenheim Strategy Fund I¹		41,843		1,041,887
Total Mutual Funds
(Cost $1,039,634)				1,041,887

	Face Amount
REPURCHASE AGREEMENTS^††^,2 - 5.4%
RBC Capital Markets issued 03/31/15 at 0.05% due 04/01/15	$	1,000,725		1,000,725
HSBC Group issued 03/31/15 at 0.03% due 04/01/15		1,000,725		1,000,725
UMB Financial Corp. issued 03/31/15 at 0.03% due 04/01/15		998,889		998,889
Total Repurchase Agreements
(Cost $3,000,339)				3,000,339
Total Investments - 88.6%
(Cost $45,555,930)			$	48,858,830
Other Assets & Liabilities, net - 11.4%				6,276,279
Total Net Assets - 100.0%			$	55,135,109

	Contracts		Unrealized Gain (Loss)
EQUITY FUTURES CONTRACTS PURCHASED^†
June 2015 NASDAQ-100 Index Mini Futures Contracts (Aggregate Value of Contracts $4,587,945)		53	$	28,314

	Units
OTC EQUITY INDEX SWAP AGREEMENTS^††
Goldman Sachs International April 2015 NASDAQ-100 Index Swap, Terminating 04/28/15³ (Notional Value $6,376,819)		1,472	$	29,825
Credit Suisse Capital, LLC April 2015 NASDAQ-100 Index Swap, Terminating 04/28/15³ (Notional Value $4,540,235)		1,048		20,932
Barclays Bank plc April 2015 NASDAQ-100 Index Swap, Terminating 04/30/15³ (Notional Value $49,861,546)		11,506		(12,740	)
(Total Notional Value $60,778,600)			$	38,017

NASDAQ-100^® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Investment in a product that is managed by and/or pays a management fee to a party related to the Adviser — See Note 7.
²	Repurchase Agreements — See Note 4.
³	Total Return based on NASDAQ-100 Index +/- financing at a variable rate.

	ADR — American Depositary Receipt
	plc — Public Limited Company

NASDAQ-100^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 88.2%
Technology - 34.1%
Apple, Inc.		82,740	$	10,295,337
Microsoft Corp.		116,505		4,736,510
Intel Corp.		67,257		2,103,127
QUALCOMM, Inc.		23,426		1,624,359
Texas Instruments, Inc.		14,871		850,398
Cognizant Technology Solutions Corp. — Class A^*		8,657		540,110
Adobe Systems, Inc.^*		7,113		525,935
Avago Technologies Ltd.		3,640		462,207
Micron Technology, Inc.^*		15,299		415,062
Applied Materials, Inc.		17,449		393,649
Intuit, Inc.		3,930		381,053
Cerner Corp.^*		4,864		356,337
Broadcom Corp. — Class A		7,810		338,134
NXP Semiconductor N.V.^*		3,277		328,880
Western Digital Corp.		3,281		298,604
Analog Devices, Inc.		4,425		278,775
Fiserv, Inc.^*		3,390		269,166
Electronic Arts, Inc.^*		4,402		258,903
Paychex, Inc.		5,157		255,865
Seagate Technology plc		4,662		242,564
Activision Blizzard, Inc.		10,266		233,295
Check Point Software Technologies Ltd.^*		2,610		213,942
CA, Inc.		6,288		205,052
SanDisk Corp.		3,025		192,451
Autodesk, Inc.^*		3,231		189,466
Altera Corp.		4,273		183,354
Akamai Technologies, Inc.^*		2,528		179,602
NVIDIA Corp.		7,718		161,499
Linear Technology Corp.		3,396		158,933
Lam Research Corp.		2,262		158,872
Xilinx, Inc.		3,712		157,018
NetApp, Inc.		4,427		156,981
Citrix Systems, Inc.^*		2,269		144,921
KLA-Tencor Corp.		2,310		134,650
Total Technology				27,425,011
Communications - 27.9%
Google, Inc. — Class C^*		4,837		2,650,676
Facebook, Inc. — Class A^*		31,759		2,611,066
Amazon.com, Inc.^*		6,595		2,454,000
Google, Inc. — Class A^*		4,074		2,259,848
Cisco Systems, Inc.		72,494		1,995,397
Comcast Corp. — Class A		30,265		1,709,065
eBay, Inc.^*		17,184		991,173
Priceline Group, Inc.^*		738		859,143
Baidu, Inc. ADR^*		3,934		819,846
Twenty-First Century Fox, Inc. — Class A		18,854		638,019
DIRECTV^*		7,140		607,614
Yahoo!, Inc.^*		13,294		590,719
Liberty Global plc^*		8,887		442,661
Twenty-First Century Fox, Inc. — Class B		11,340		372,859
Netflix, Inc.^*		859		357,937
Viacom, Inc. — Class B		5,043		344,437
Comcast Corp. — Class A		5,687		318,842
Charter Communications, Inc. — Class A^*		1,590		307,045
Sirius XM Holdings, Inc.^*		79,264		302,788
Symantec Corp.		9,690		226,407
DISH Network Corp. — Class A^*		3,172		222,230
Vodafone Group plc ADR		6,122		200,067
Liberty Interactive Corp. — Class A^*		6,327		184,685
Liberty Global plc — Class A^*		3,569		183,696
TripAdvisor, Inc.^*		1,847		153,615
VimpelCom Ltd. ADR		24,933		130,649
Liberty Media Corp. — Class C^*		3,242		123,845
Discovery Communications, Inc. — Class C^*		4,033		118,872
Liberty Ventures^*		1,910		80,239
Discovery Communications, Inc. — Class A^*		2,110		64,904
Liberty Media Corp. — Class A^*		1,484		57,208
Total Communications				22,379,552
Consumer, Non-cyclical - 16.7%
Gilead Sciences, Inc.^*		21,151		2,075,547
Amgen, Inc.		10,776		1,722,543
Biogen, Inc.^*		3,332		1,406,904
Celgene Corp.^*		11,369		1,310,618
Express Scripts Holding Co.^*		10,323		895,727
Mondelez International, Inc. — Class A		23,425		845,408
Kraft Foods Group, Inc.		8,350		727,410
Regeneron Pharmaceuticals, Inc.^*		1,429		645,165
Automatic Data Processing, Inc.		6,748		577,899
Alexion Pharmaceuticals, Inc.^*		2,871		497,544
Vertex Pharmaceuticals, Inc.^*		3,437		405,463
Illumina, Inc.^*		2,042		379,077
Monster Beverage Corp.^*		2,382		329,657
Mylan N.V.^*		5,325		316,039
Whole Foods Market, Inc.		5,123		266,806
Intuitive Surgical, Inc.^*		519		262,111
Keurig Green Mountain, Inc.		2,296		256,532
Catamaran Corp.^*		2,946		175,405
Henry Schein, Inc.^*		1,189		166,008
Verisk Analytics, Inc. — Class A^*		2,245		160,293
Total Consumer, Non-cyclical				13,422,156
Consumer, Cyclical - 8.2%
Walgreens Boots Alliance, Inc.		15,478		1,310,676
Starbucks Corp.		10,648		1,008,366
Costco Wholesale Corp.		6,255		947,602
American Airlines Group, Inc.		9,893		522,153
Tesla Motors, Inc.^*,1		1,785		336,954
PACCAR, Inc.		5,034		317,847
Marriott International, Inc. — Class A		3,926		315,336
O'Reilly Automotive, Inc.^*		1,443		312,034
Ross Stores, Inc.		2,961		311,971
Dollar Tree, Inc.^*		2,920		236,943
Bed Bath & Beyond, Inc.^*		2,635		202,302
Wynn Resorts Ltd.		1,441		181,393
Fastenal Co.		4,196		173,861
Tractor Supply Co.		1,934		164,506
Staples, Inc.		9,093		148,080

NASDAQ-100^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 88.2% (continued)
Consumer, Cyclical - 8.2% (continued)
Mattel, Inc.		4,803	$	109,749
Total Consumer, Cyclical				6,599,773
Industrial - 1.0%
SBA Communications Corp. — Class A^*		1,833		214,644
Stericycle, Inc.^*		1,205		169,218
CH Robinson Worldwide, Inc.		2,079		152,225
Expeditors International of Washington, Inc.		2,723		131,194
Garmin Ltd.		2,724		129,444
Total Industrial				796,725
Basic Materials - 0.3%
Sigma-Aldrich Corp.		1,696		234,472
Total Common Stocks
(Cost $39,324,115)				70,857,689

MUTUAL FUNDS^†^,² - 2.7%
Guggenheim Strategy Fund I		87,083		2,168,378
Total Mutual Funds
(Cost $2,163,821)				2,168,378

	Face Amount
REPURCHASE AGREEMENTS^††^,3 - 5.1%
RBC Capital Markets issued 03/31/15 at 0.05% due 04/01/15	$	1,353,742		1,353,742
HSBC Group issued 03/31/15 at 0.03% due 04/01/15		1,353,741		1,353,741
UMB Financial Corp. issued 03/31/15 at 0.03% due 04/01/15		1,351,257		1,351,257
Total Repurchase Agreements
(Cost $4,058,740)				4,058,740

SECURITIES LENDING COLLATERAL^††^,4 - 0.2%
Repurchase Agreements
HSBC Securities, Inc. issued 03/31/15 at 0.10% due 04/01/15		126,312		126,312
BNP Paribas Securities Corp. issued 03/31/15 at 0.10% due 04/01/15		43,451		43,451
Barclays Capital, Inc. issued 03/31/15 at 0.10% due 04/01/15		22,428		22,428
Total Securities Lending Collateral
(Cost $192,191)				192,191
Total Investments - 96.2%
(Cost $45,738,867)			$	77,276,998
Other Assets & Liabilities, net - 3.8%				3,023,266
Total Net Assets - 100.0%			$	80,300,264

	Contracts		Unrealized Gain
EQUITY FUTURES CONTRACTS PURCHASED^†
June 2015 NASDAQ-100 Index Mini Futures Contracts (Aggregate Value of Contracts $3,635,730)		42	$	18,387

	Units
OTC EQUITY INDEX SWAP AGREEMENTS^††
Credit Suisse Capital, LLC April 2015 NASDAQ-100 Index Swap, Terminating 04/28/15⁵ (Notional Value $2,773,831)		640	$	12,788
Goldman Sachs International April 2015 NASDAQ-100 Index Swap, Terminating 04/28/15⁵ (Notional Value $158,252)		37		724
Barclays Bank plc April 2015 NASDAQ-100 Index Swap, Terminating 04/30/15⁵ (Notional Value $2,885,685)		666		474
(Total Notional Value $5,817,768)			$	13,986

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	All or portion of this security is on loan at March 31, 2015 — See Note 5.
²	Investment in a product that is managed by and/or pays a management fee to a party related to the Adviser — See Note 7.
³	Repurchase Agreements — See Note 4.
⁴	Securities lending collateral — See Note 5.
⁵	Total Return based on NASDAQ-100 Index +/- financing at a variable rate.

	ADR — American Depositary Receipt
	plc — Public Limited Company

Nova Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 76.3%
Consumer, Non-cyclical - 18.0%
Johnson & Johnson		3,923	$	394,654
Procter & Gamble Co.		3,810		312,191
Pfizer, Inc.		8,647		300,829
Merck & Company, Inc.		4,004		230,150
Coca-Cola Co.		5,544		224,810
Gilead Sciences, Inc.^*		2,101		206,172
PepsiCo, Inc.		2,091		199,941
Amgen, Inc.		1,071		171,199
Actavis plc^*		553		164,479
Philip Morris International, Inc.		2,183		164,445
UnitedHealth Group, Inc.		1,346		159,218
Medtronic plc		2,011		156,837
Bristol-Myers Squibb Co.		2,345		151,253
Biogen, Inc.^*		331		139,761
Altria Group, Inc.		2,779		139,006
AbbVie, Inc.		2,249		131,656
Celgene Corp.^*		1,130		130,266
MasterCard, Inc. — Class A		1,377		118,959
Eli Lilly & Co.		1,381		100,330
Abbott Laboratories		2,129		98,637
Express Scripts Holding Co.^*		1,026		89,027
Mondelez International, Inc. — Class A		2,327		83,981
Colgate-Palmolive Co.		1,203		83,416
McKesson Corp.		329		74,419
Danaher Corp.		866		73,523
Kraft Foods Group, Inc.		830		72,305
Anthem, Inc.		376		58,058
Automatic Data Processing, Inc.		670		57,379
Kimberly-Clark Corp.		516		55,269
Kroger Co.		693		53,125
Aetna, Inc.		496		52,839
Baxter International, Inc.		766		52,470
Alexion Pharmaceuticals, Inc.^*		285		49,391
General Mills, Inc.		852		48,223
Cigna Corp.		365		47,246
Regeneron Pharmaceuticals, Inc.^*		104		46,954
Becton Dickinson and Co.		296		42,460
Archer-Daniels-Midland Co.		895		42,423
Cardinal Health, Inc.		466		42,066
Vertex Pharmaceuticals, Inc.^*		342		40,346
McGraw Hill Financial, Inc.		386		39,912
Stryker Corp.		422		38,930
Humana, Inc.		211		37,562
AmerisourceBergen Corp. — Class A		294		33,419
Boston Scientific Corp.^*		1,877		33,317
Lorillard, Inc.		508		33,198
Perrigo Company plc		199		32,944
Zoetis, Inc.		707		32,727
Sysco Corp.		836		31,542
HCA Holdings, Inc.^*		415		31,220
Mylan N.V.^*		526		31,218
Reynolds American, Inc.		435		29,976
Mead Johnson Nutrition Co. — Class A		285		28,651
Monster Beverage Corp.^*		207		28,648
Zimmer Holdings, Inc.		240		28,205
Constellation Brands, Inc. — Class A^*		237		27,542
Whole Foods Market, Inc.		509		26,509
Intuitive Surgical, Inc.^*		52		26,262
Estee Lauder Companies, Inc. — Class A		315		26,195
Moody's Corp.		251		26,054
St. Jude Medical, Inc.		397		25,964
Kellogg Co.		357		23,544
Endo International plc^*		250		22,425
ConAgra Foods, Inc.		601		21,955
Edwards Lifesciences Corp.^*		152		21,654
Dr Pepper Snapple Group, Inc.		273		21,425
Hospira, Inc.^*		242		21,257
Hershey Co.		209		21,090
Mallinckrodt plc^*		165		20,897
Clorox Co.		185		20,422
Brown-Forman Corp. — Class B		220		19,877
DaVita HealthCare Partners, Inc.^*		244		19,832
Keurig Green Mountain, Inc.		171		19,106
Laboratory Corporation of America Holdings^*		142		17,905
CR Bard, Inc.		105		17,572
Molson Coors Brewing Co. — Class B		226		16,826
JM Smucker Co.		144		16,665
Henry Schein, Inc.^*		118		16,475
Tyson Foods, Inc. — Class A		412		15,780
Equifax, Inc.		169		15,717
Quest Diagnostics, Inc.		204		15,677
Western Union Co.		736		15,316
Universal Health Services, Inc. — Class B		128		15,067
McCormick & Company, Inc.		181		13,957
Coca-Cola Enterprises, Inc.		306		13,525
Varian Medical Systems, Inc.^*		141		13,267
H&R Block, Inc.		388		12,443
United Rentals, Inc.^*		136		12,398
Campbell Soup Co.		251		11,684
Robert Half International, Inc.		191		11,559
Cintas Corp.		137		11,183
Hormel Foods Corp.		190		10,802
DENTSPLY International, Inc.		198		10,076
ADT Corp.		241		10,006
Total System Services, Inc.		232		8,851
Quanta Services, Inc.^*		298		8,502
Tenet Healthcare Corp.^*		139		6,882
Avery Dennison Corp.		128		6,772
Patterson Companies, Inc.		121		5,904
Total Consumer, Non-cyclical				6,094,003
Financial - 12.7%
Berkshire Hathaway, Inc. — Class B^*		2,573		371,336
Wells Fargo & Co.		6,615		359,855
JPMorgan Chase & Co.		5,260		318,652
Bank of America Corp.		14,842		228,418
Citigroup, Inc.		4,280		220,506
Visa, Inc. — Class A		2,737		179,027

Nova Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 76.3% (continued)
Financial - 12.7% (continued)
U.S. Bancorp		2,513	$	109,743
Goldman Sachs Group, Inc.		572		107,519
American International Group, Inc.		1,936		106,074
American Express Co.		1,237		96,634
Simon Property Group, Inc.		439		85,885
MetLife, Inc.		1,577		79,716
Morgan Stanley		2,175		77,626
PNC Financial Services Group, Inc.		735		68,530
BlackRock, Inc. — Class A		179		65,485
Bank of New York Mellon Corp.		1,572		63,257
Capital One Financial Corp.		778		61,322
American Tower Corp. — Class A		596		56,113
ACE Ltd.		462		51,509
Prudential Financial, Inc.		641		51,479
Charles Schwab Corp.		1,628		49,556
Travelers Companies, Inc.		454		49,091
State Street Corp.		582		42,794
Marsh & McLennan Companies, Inc.		760		42,629
CME Group, Inc. — Class A		447		42,335
Allstate Corp.		588		41,848
Public Storage		205		40,413
Equity Residential		513		39,942
BB&T Corp.		1,017		39,653
Aflac, Inc.		619		39,622
Crown Castle International Corp.		471		38,876
Health Care REIT, Inc.		493		38,138
Aon plc		395		37,967
Intercontinental Exchange, Inc.		158		36,857
Discover Financial Services		632		35,613
Ventas, Inc.		467		34,100
Ameriprise Financial, Inc.		258		33,757
Chubb Corp.		326		32,959
AvalonBay Communities, Inc.		186		32,411
Prologis, Inc.		723		31,494
SunTrust Banks, Inc.		740		30,407
Boston Properties, Inc.		216		30,344
T. Rowe Price Group, Inc.		368		29,801
Franklin Resources, Inc.		553		28,380
HCP, Inc.		650		28,087
Vornado Realty Trust		247		27,664
General Growth Properties, Inc.		887		26,211
Hartford Financial Services Group, Inc.		594		24,841
Weyerhaeuser Co.		741		24,564
Invesco Ltd.		606		24,052
M&T Bank Corp.		188		23,876
Fifth Third Bancorp		1,150		21,678
Northern Trust Corp.		310		21,592
Host Hotels & Resorts, Inc.		1,069		21,572
Essex Property Trust, Inc.		92		21,151
Lincoln National Corp.		362		20,801
Progressive Corp.		756		20,563
Principal Financial Group, Inc.		386		19,829
Regions Financial Corp.		1,895		17,908
SL Green Realty Corp.		139		17,845
Loews Corp.		421		17,189
KeyCorp		1,207		17,091
Macerich Co.		199		16,782
Affiliated Managers Group, Inc.^*		77		16,538
Kimco Realty Corp.		582		15,627
CBRE Group, Inc. — Class A^*		395		15,290
XL Group plc — Class A		360		13,248
Huntington Bancshares, Inc.		1,143		12,630
Unum Group		355		11,974
ETRADE Financial Corp.^		407		11,622
Navient Corp.		566		11,507
Comerica, Inc.		252		11,373
Cincinnati Financial Corp.		208		11,082
Plum Creek Timber Company, Inc.		248		10,776
Torchmark Corp.		179		9,831
Iron Mountain, Inc.		264		9,631
Apartment Investment & Management Co. — Class A		220		8,659
NASDAQ OMX Group, Inc.		167		8,507
Legg Mason, Inc.		140		7,728
Zions Bancorporation		286		7,722
Hudson City Bancorp, Inc.		679		7,116
People's United Financial, Inc.		435		6,612
Assurant, Inc.		97		5,957
Genworth Financial, Inc. — Class A^*		701		5,124
Total Financial				4,289,523
Technology - 10.2%
Apple, Inc.		8,218		1,022,565
Microsoft Corp.		11,575		470,582
Intel Corp.		6,682		208,945
International Business Machines Corp.		1,297		208,168
Oracle Corp.		4,523		195,167
QUALCOMM, Inc.		2,327		161,354
Texas Instruments, Inc.		1,477		84,462
Accenture plc — Class A		886		83,010
Hewlett-Packard Co.		2,564		79,894
EMC Corp.		2,805		71,696
salesforce.com, Inc.^*		854		57,055
Cognizant Technology Solutions Corp. — Class A^*		860		53,655
Adobe Systems, Inc.^*		671		49,614
Avago Technologies Ltd.		362		45,967
Micron Technology, Inc.^*		1,520		41,238
Applied Materials, Inc.		1,734		39,119
Intuit, Inc.		390		37,814
Broadcom Corp. — Class A		769		33,294
Cerner Corp.^*		430		31,502
Western Digital Corp.		306		27,849
Analog Devices, Inc.		440		27,720
Fidelity National Information Services, Inc.		402		27,360
Fiserv, Inc.^*		337		26,758
Skyworks Solutions, Inc.		269		26,440
Electronic Arts, Inc.^*		439		25,820
Seagate Technology plc		463		24,090
Paychex, Inc.		462		22,922
Red Hat, Inc.^*		259		19,619
SanDisk Corp.		301		19,150

Nova Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 76.3% (continued)
Technology - 10.2% (continued)
Xerox Corp.		1,475	$	18,954
Autodesk, Inc.^*		320		18,765
Altera Corp.		425		18,237
Akamai Technologies, Inc.^*		252		17,903
Lam Research Corp.		225		15,803
Linear Technology Corp.		337		15,772
Xilinx, Inc.		369		15,609
NetApp, Inc.		440		15,602
NVIDIA Corp.		730		15,275
CA, Inc.		450		14,675
Citrix Systems, Inc.^*		226		14,435
Microchip Technology, Inc.		284		13,888
KLA-Tencor Corp.		230		13,407
Computer Sciences Corp.		199		12,991
Teradata Corp.^*		205		9,049
Pitney Bowes, Inc.		284		6,623
Dun & Bradstreet Corp.		51		6,546
Total Technology				3,466,363
Communications - 8.9%
Verizon Communications, Inc.		5,863		285,118
Facebook, Inc. — Class A^*		2,962		243,520
AT&T, Inc.		7,323		239,096
Walt Disney Co.		2,206		231,387
Google, Inc. — Class A^*		404		224,099
Google, Inc. — Class C^*		404		221,392
Comcast Corp. — Class A		3,585		202,445
Amazon.com, Inc.^*		537		199,817
Cisco Systems, Inc.		7,202		198,235
Time Warner, Inc.		1,172		98,964
eBay, Inc.^*		1,554		89,635
Twenty-First Century Fox, Inc. — Class A		2,580		87,307
Priceline Group, Inc.^*		73		84,983
DIRECTV^*		709		60,336
Time Warner Cable, Inc.		396		59,352
Yahoo!, Inc.^*		1,228		54,566
CBS Corp. — Class B		645		39,106
Netflix, Inc.^*		85		35,419
Viacom, Inc. — Class B		516		35,243
CenturyLink, Inc.		799		27,605
Omnicom Group, Inc.		348		27,137
Alliance Data Systems Corp.^*		89		26,366
Symantec Corp.		963		22,501
Level 3 Communications, Inc.^*		405		21,805
Nielsen N.V.		446		19,878
Equinix, Inc.		80		18,628
Motorola Solutions, Inc.		269		17,934
Expedia, Inc.		139		13,084
TripAdvisor, Inc.^*		157		13,058
Interpublic Group of Companies, Inc.		582		12,874
Gannett Company, Inc.		320		11,866
F5 Networks, Inc.^*		102		11,724
Harris Corp.		147		11,578
Juniper Networks, Inc.		511		11,538
News Corp. — Class A^*		705		11,287
Discovery Communications, Inc. — Class C^*		381		11,230
Frontier Communications Corp.		1,414		9,969
VeriSign, Inc.^*		148		9,912
Scripps Networks Interactive, Inc. — Class A		137		9,393
Discovery Communications, Inc. — Class A^*		210		6,460
Windstream Holdings, Inc.		850		6,290
Cablevision Systems Corp. — Class A		310		5,673
Total Communications				3,027,810
Consumer, Cyclical - 8.1%
Home Depot, Inc.		1,859		211,202
Wal-Mart Stores, Inc.		2,228		183,253
CVS Health Corp.		1,588		163,898
McDonald's Corp.		1,356		132,128
Walgreens Boots Alliance, Inc.		1,230		104,156
Lowe's Companies, Inc.		1,373		102,137
Starbucks Corp.		1,058		100,193
NIKE, Inc. — Class B		987		99,026
Costco Wholesale Corp.		621		94,078
Ford Motor Co.		5,581		90,077
Target Corp.		899		73,780
General Motors Co.		1,909		71,588
TJX Companies, Inc.		963		67,458
American Airlines Group, Inc.		1,012		53,414
Delta Air Lines, Inc.		1,163		52,288
Yum! Brands, Inc.		611		48,098
Johnson Controls, Inc.		927		46,758
Southwest Airlines Co.		954		42,262
VF Corp.		483		36,375
L Brands, Inc.		347		32,719
Delphi Automotive plc		410		32,693
Dollar General Corp.		428		32,263
PACCAR, Inc.		500		31,570
Macy's, Inc.		481		31,222
O'Reilly Automotive, Inc.^*		143		30,922
Ross Stores, Inc.		292		30,765
AutoZone, Inc.^*		45		30,697
Carnival Corp.		636		30,426
Chipotle Mexican Grill, Inc. — Class A^*		44		28,624
Marriott International, Inc. — Class A		293		23,534
Dollar Tree, Inc.^*		290		23,532
Kohl's Corp.		285		22,301
Whirlpool Corp.		110		22,227
CarMax, Inc.^*		296		20,427
Starwood Hotels & Resorts Worldwide, Inc.		242		20,207
Bed Bath & Beyond, Inc.^*		262		20,115
WW Grainger, Inc.		85		20,044
Genuine Parts Co.		215		20,036
BorgWarner, Inc.		319		19,293
Royal Caribbean Cruises Ltd.		232		18,989
Under Armour, Inc. — Class A^*		235		18,976
Hanesbrands, Inc.		565		18,933
Michael Kors Holdings Ltd.^*		283		18,607
Harley-Davidson, Inc.		298		18,101
Mohawk Industries, Inc.^*		88		16,346
Tractor Supply Co.		192		16,331

Nova Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 76.3% (continued)
Consumer, Cyclical - 8.1% (continued)
The Gap, Inc.		374	$	16,205
Coach, Inc.		389		16,116
Fastenal Co.		384		15,911
Nordstrom, Inc.		198		15,903
Best Buy Company, Inc.		411		15,532
Wyndham Worldwide Corp.		170		15,380
Newell Rubbermaid, Inc.		382		14,925
Staples, Inc.		905		14,738
Wynn Resorts Ltd.		114		14,350
Tiffany & Co.		159		13,994
DR Horton, Inc.		469		13,357
Lennar Corp. — Class A		252		13,056
Harman International Industries, Inc.		97		12,962
PVH Corp.		116		12,361
Darden Restaurants, Inc.		175		12,135
Ralph Lauren Corp. — Class A		85		11,178
Mattel, Inc.		477		10,899
Family Dollar Stores, Inc.		136		10,777
PulteGroup, Inc.		468		10,404
Goodyear Tire & Rubber Co.		380		10,290
Hasbro, Inc.		158		9,992
Leggett & Platt, Inc.		195		8,988
AutoNation, Inc.^*		106		6,819
Urban Outfitters, Inc.^*		141		6,437
GameStop Corp. — Class A		154		5,846
Fossil Group, Inc.^*		63		5,194
Total Consumer, Cyclical				2,735,818
Industrial - 7.7%
General Electric Co.		14,201		352,328
3M Co.		896		147,795
Boeing Co.		924		138,674
United Technologies Corp.		1,166		136,655
Union Pacific Corp.		1,243		134,630
Honeywell International, Inc.		1,104		115,158
United Parcel Service, Inc. — Class B		981		95,099
Lockheed Martin Corp.		378		76,719
Thermo Fisher Scientific, Inc.		560		75,231
Caterpillar, Inc.		855		68,425
FedEx Corp.		372		61,547
General Dynamics Corp.		445		60,400
Emerson Electric Co.		967		54,751
Illinois Tool Works, Inc.		493		47,889
Raytheon Co.		434		47,415
CSX Corp.		1,398		46,302
Eaton Corporation plc		670		45,520
Northrop Grumman Corp.		280		45,069
Norfolk Southern Corp.		434		44,667
Deere & Co.		479		42,004
Precision Castparts Corp.		200		42,000
TE Connectivity Ltd.		573		41,038
Corning, Inc.		1,795		40,711
Cummins, Inc.		238		32,996
Waste Management, Inc.		602		32,646
Amphenol Corp. — Class A		438		25,811
Tyco International plc		593		25,535
Ingersoll-Rand plc		372		25,326
Roper Industries, Inc.		142		24,424
Parker-Hannifin Corp.		201		23,875
Rockwell Automation, Inc.		191		22,154
Stanley Black & Decker, Inc.		222		21,170
Agilent Technologies, Inc.		474		19,695
Rockwell Collins, Inc.		188		18,151
AMETEK, Inc.		340		17,864
Textron, Inc.		391		17,333
Stericycle, Inc.^*		120		16,852
Pentair plc		257		16,163
Kansas City Southern		156		15,924
Dover Corp.		230		15,898
Vulcan Materials Co.		186		15,679
CH Robinson Worldwide, Inc.		206		15,083
Pall Corp.		150		15,059
L-3 Communications Holdings, Inc.		116		14,592
Waters Corp.^*		117		14,545
Republic Services, Inc. — Class A		354		14,358
Ball Corp.		194		13,704
Sealed Air Corp.		297		13,531
Masco Corp.		493		13,163
Expeditors International of Washington, Inc.		271		13,057
Snap-on, Inc.		83		12,206
Martin Marietta Materials, Inc.		87		12,163
Fluor Corp.		209		11,946
MeadWestvaco Corp.		236		11,769
Flowserve Corp.		190		10,733
Xylem, Inc.		257		9,000
Allegion plc		135		8,258
Jacobs Engineering Group, Inc.^*		181		8,174
PerkinElmer, Inc.		159		8,131
Garmin Ltd.		170		8,078
Ryder System, Inc.		75		7,117
FLIR Systems, Inc.		197		6,162
Owens-Illinois, Inc.^*		232		5,410
Joy Global, Inc.		137		5,368
Total Industrial				2,599,130
Energy - 6.2%
Exxon Mobil Corp.		5,918		503,030
Chevron Corp.		2,654		278,617
Schlumberger Ltd.		1,799		150,108
ConocoPhillips		1,737		108,146
Kinder Morgan, Inc.		2,404		101,112
Occidental Petroleum Corp.		1,087		79,351
EOG Resources, Inc.		774		70,969
Phillips 66		767		60,286
Anadarko Petroleum Corp.		715		59,209
Halliburton Co.		1,199		52,612
Williams Companies, Inc.		950		48,061
Valero Energy Corp.		726		46,188
Marathon Petroleum Corp.		385		39,420
Baker Hughes, Inc.		613		38,975
Pioneer Natural Resources Co.		210		34,337
Spectra Energy Corp.		947		34,253
Devon Energy Corp.		545		32,869
Apache Corp.		532		32,096
National Oilwell Varco, Inc.		578		28,894
Noble Energy, Inc.		546		26,699
Marathon Oil Corp.		952		24,857

Nova Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 76.3% (continued)
Energy - 6.2% (continued)
Hess Corp.		343	$	23,279
Equities Corp.		214		17,734
Cabot Oil & Gas Corp. — Class A		583		17,216
Tesoro Corp.		176		16,067
Cimarex Energy Co.		124		14,271
ONEOK, Inc.		294		14,183
Southwestern Energy Co.^*		543		12,592
Cameron International Corp.^*		273		12,318
Range Resources Corp.		234		12,177
FMC Technologies, Inc.^*		327		12,102
Murphy Oil Corp.		235		10,951
Helmerich & Payne, Inc.		152		10,348
Chesapeake Energy Corp.		730		10,337
CONSOL Energy, Inc.		325		9,064
Newfield Exploration Co.^*		227		7,965
Transocean Ltd.¹		481		7,056
Ensco plc — Class A		331		6,974
First Solar, Inc.^*		106		6,338
Noble Corporation plc		341		4,869
QEP Resources, Inc.		228		4,754
Diamond Offshore Drilling, Inc.		95		2,545
Total Energy				2,083,229
Utilities - 2.3%
Duke Energy Corp.		998		76,626
NextEra Energy, Inc.		626		65,135
Dominion Resources, Inc.		830		58,822
Southern Co.		1,284		56,856
Exelon Corp.		1,213		40,769
American Electric Power Company, Inc.		691		38,869
PG&E Corp.		672		35,663
Sempra Energy		327		35,650
PPL Corp.		941		31,674
Public Service Enterprise Group, Inc.		714		29,931
Edison International		460		28,736
Consolidated Edison, Inc.		414		25,254
Xcel Energy, Inc.		714		24,854
Eversource Energy		447		22,582
FirstEnergy Corp.		594		20,826
DTE Energy Co.		250		20,173
Entergy Corp.		255		19,760
NiSource, Inc.		446		19,695
Wisconsin Energy Corp.		318		15,741
Ameren Corp.		342		14,432
CMS Energy Corp.		389		13,580
CenterPoint Energy, Inc.		607		12,389
NRG Energy, Inc.		476		11,991
AES Corp.		912		11,719
SCANA Corp.		202		11,108
Pinnacle West Capital Corp.		156		9,945
Pepco Holdings, Inc.		357		9,578
AGL Resources, Inc.		169		8,391
Integrys Energy Group, Inc.		113		8,138
TECO Energy, Inc.		332		6,441
Total Utilities				785,328
Basic Materials - 2.2%
EI du Pont de Nemours & Co.		1,277		91,266
Monsanto Co.		682		76,753
Dow Chemical Co.		1,535		73,649
Praxair, Inc.		407		49,142
LyondellBasell Industries N.V. — Class A		559		49,080
Ecolab, Inc.		380		43,464
PPG Industries, Inc.		192		43,304
Air Products & Chemicals, Inc.		272		41,148
International Paper Co.		597		33,128
Sherwin-Williams Co.		114		32,433
Freeport-McMoRan, Inc.		1,467		27,800
Sigma-Aldrich Corp.		169		23,364
Alcoa, Inc.		1,724		22,274
Nucor Corp.		450		21,388
Mosaic Co.		439		20,220
CF Industries Holdings, Inc.		68		19,290
Newmont Mining Corp.		704		15,284
Eastman Chemical Co.		210		14,545
International Flavors & Fragrances, Inc.		114		13,384
FMC Corp.		188		10,763
Airgas, Inc.		95		10,080
Allegheny Technologies, Inc.		153		4,592
Total Basic Materials				736,351
Diversified - 0.0%
Leucadia National Corp.		445		9,919
Total Common Stocks
(Cost $16,536,128)				25,827,474

MUTUAL FUNDS^†^,² - 7.3%
Guggenheim Strategy Fund I		98,848		2,461,327
Total Mutual Funds
(Cost $2,458,101)				2,461,327

	Face Amount
REPURCHASE AGREEMENTS^††^,3 - 6.8%
RBC Capital Markets issued 03/31/15 at 0.05% due 04/01/15	$	771,100	771,100
HSBC Group issued 03/31/15 at 0.03% due 04/01/15		771,100	771,100
UMB Financial Corp. issued 03/31/15 at 0.03% due 04/01/15		769,686	769,686
Total Repurchase Agreements
(Cost $2,311,886)			2,311,886

Nova Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Face Amount		Value
SECURITIES LENDING COLLATERAL^††^,4 - 0.0%
Repurchase Agreements
HSBC Securities, Inc. issued 03/31/15 at 0.10% due 04/01/15	$	1,975	$	1,975
BNP Paribas Securities Corp. issued 03/31/15 at 0.10% due 04/01/15		680		680
Barclays Capital, Inc. issued 03/31/15 at 0.10% due 04/01/15		351		351
Total Securities Lending Collateral
(Cost $3,006)				3,006
Total Investments - 90.4%
(Cost $21,309,122)			$	30,603,693
Other Assets & Liabilities, net - 9.6%				3,257,189
Total Net Assets - 100.0%			$	33,860,882

	Contracts		Unrealized Gain (Loss)
EQUITY FUTURES CONTRACTS PURCHASED^†
June 2015 S&P 500 Index Mini Futures Contracts (Aggregate Value of Contracts $15,858,150)		154	$	(6,724	)

	Units
OTC EQUITY INDEX SWAP AGREEMENTS^††
Barclays Bank plc April 2015 S&P 500 Index Swap, Terminating 04/30/15⁵ (Notional Value $6,096,096)		2,948	$	21,289
Goldman Sachs International April 2015 S&P 500 Index Swap, Terminating 04/28/15⁵ (Notional Value $2,141,033)		1,035		13,944
Credit Suisse Capital, LLC April 2015 S&P 500 Index Swap, Terminating 04/28/15⁵ (Notional Value $668,543)		323		5,875
(Total Notional Value $8,905,672)			$	41,108

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	All or portion of this security is on loan at March 31, 2015 — See Note 5.
²	Investment in a product that is managed by and/or pays a management fee to a party related to the Adviser — See Note 7.
³	Repurchase Agreements — See Note 4.
⁴	Securities lending collateral -— See Note 5.
⁵	Total Return based on S&P 500 Index +/- financing at a variable rate.

	plc — Public Limited Company
	REIT — Real Estate Investment Trust

Precious Metals Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 95.1%
Gold Mining - 71.0%
Goldcorp, Inc.		67,562	$	1,224,222
Barrick Gold Corp.		108,085		1,184,612
Newmont Mining Corp.		49,306		1,070,433
Franco-Nevada Corp.		18,599		902,795
Randgold Resources Ltd. ADR		11,927		826,183
Agnico Eagle Mines Ltd.		28,655		800,621
Royal Gold, Inc.		10,428		658,111
AngloGold Ashanti Ltd. ADR^*		69,051		644,936
Gold Fields Ltd. ADR		145,212		582,300
Eldorado Gold Corp.		126,422		580,277
Yamana Gold, Inc.		160,704		576,927
Cia de Minas Buenaventura S.A.A. ADR		53,550		542,462
Kinross Gold Corp.^*		224,167		502,134
Sibanye Gold Ltd. ADR		52,454		447,433
New Gold, Inc.^*		123,847		419,841
NOVAGOLD Resources, Inc.^*,1		107,952		319,538
Alamos Gold, Inc.		48,691		285,329
Harmony Gold Mining Company Ltd. ADR^*,1		156,919		273,039
IAMGOLD Corp.^*		144,200		269,654
AuRico Gold, Inc.		95,208		263,726
Pretium Resources, Inc.^*		52,142		262,796
Sandstorm Gold Ltd.^*,1		64,478		211,488
Seabridge Gold, Inc.^*		30,134		165,436
Gold Resource Corp.		750		2,393
McEwen Mining, Inc.^*		2,200		2,244
B2Gold Corp.^*		1,280		1,946
Total Gold Mining				13,020,876
Silver Mining - 11.1%
Silver Wheaton Corp.		45,500		865,410
Pan American Silver Corp.		42,715		374,611
Hecla Mining Co.		112,636		335,655
First Majestic Silver Corp.^*		49,360		267,038
Silver Standard Resources, Inc.^*		42,491		192,484
Endeavour Silver Corp.^*		1,010		1,919
Total Silver Mining				2,037,117
Precious Metals - 4.8%
Tahoe Resources, Inc.		37,661		412,765
Primero Mining Corp.^*		72,429		248,431
Coeur Mining, Inc.^*,1		45,401		213,839
Total Precious Metals				875,035
Metal-Copper - 4.1%
Freeport-McMoRan, Inc.		39,409		746,801
Southern Copper Corp.		290		8,462
Total Metal-Copper				755,263
Platinum - 2.2%
Stillwater Mining Co.^*		31,548		407,600
Metal Processors & Fabrications - 1.9%
RTI International Metals, Inc.^*		9,413		338,021
Diamonds/Precious Stones - 0.0%
Dominion Diamond Corp.^*		130		2,222
Total Common Stocks
(Cost $14,687,842)				17,436,134

EXCHANGE-TRADED FUNDS^† - 4.1%
Market Vectors Junior Gold Miners ETF		32,980		749,965
Total Exchange-Traded Funds
(Cost $828,314)				749,965

	Face Amount
REPURCHASE AGREEMENT^††^,2 - 1.3%
HSBC Group issued 03/31/15 at 0.03% due 04/01/15	$	241,341		241,341
Total Repurchase Agreement
(Cost $241,341)				241,341

SECURITIES LENDING COLLATERAL^††^,3 - 2.6%
Repurchase Agreements
HSBC Securities, Inc. issued 03/31/15 at 0.10% due 04/01/15		317,236		317,236
BNP Paribas Securities Corp. issued 03/31/15 at 0.10% due 04/01/15		109,130		109,130
Barclays Capital, Inc. issued 03/31/15 at 0.10% due 04/01/15		56,329		56,329
Total Securities Lending Collateral
(Cost $482,695)				482,695
Total Investments - 103.1%
(Cost $16,240,192)			$	18,910,135
Other Assets & Liabilities, net - (3.1)%				(565,492	)
Total Net Assets - 100.0%			$	18,344,643

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	All or portion of this security is on loan at March 31, 2015 — See Note 5.
²	Repurchase Agreement — See Note 4.
³	Securities lending collateral — See Note 5.

	ADR ― American Depositary Receipt

Real Estate Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.8%
REITs - 90.6%
REITs-Diversified - 17.3%
American Tower Corp. — Class A	6,165	$	580,434
Crown Castle International Corp.	5,748		474,439
Vornado Realty Trust	3,866		432,992
Weyerhaeuser Co.	11,279		373,899
Digital Realty Trust, Inc.	4,212		277,824
Plum Creek Timber Company, Inc.	5,932		257,745
Duke Realty Corp.	11,528		250,965
Lamar Advertising Co. — Class A	3,720		220,484
Liberty Property Trust	5,978		213,415
Corrections Corporation of America	4,993		201,019
Outfront Media, Inc.	6,720		187,598
Retail Properties of America, Inc. — Class A	11,174		179,119
EPR Properties	2,853		171,266
Rayonier, Inc.	6,298		169,794
GEO Group, Inc.	3,862		168,924
Cousins Properties, Inc.	13,190		139,814
Lexington Realty Trust	14,061		138,220
DuPont Fabros Technology, Inc.	4,164		136,080
New Residential Investment Corp.	8.910		133,917
PS Business Parks, Inc.	1,610		133,694
Washington Real Estate Investment Trust	4,640		128,203
American Assets Trust, Inc.	2,950		127,676
Potlatch Corp.	2,950		118,118
STAG Industrial, Inc.	4,910		115,483
Gramercy Property Trust, Inc.	3,820		107,227
Total REITs-Diversified			5,438,349
REITs-Office Property – 12.4%
Boston Properties, Inc.	3,075		431,976
SL Green Realty Corp.	2,573		330,322
American Realty Capital Properties, Inc.	27,410		269,989
Alexandria Real Estate Equities, Inc.	2,510		246,080
Kilroy Realty Corp.	3,134		238,717
BioMed Realty Trust, Inc.	8,919		202,105
Douglas Emmett, Inc.	6,633		197,730
Highwoods Properties, Inc.	4,240		194,107
Paramount Group, Inc.	9,600		185,281
Equity Commonwealth^*	6,604		175,337
Columbia Property Trust, Inc.	6,360		171,847
Brandywine Realty Trust	9,980		159,480
Piedmont Office Realty Trust, Inc. — Class A	8,540		158,929
Corporate Office Properties Trust	5,217		153,275
Hudson Pacific Properties, Inc.	4,590		152,342
Empire State Realty Trust, Inc. — Class A	7,190		135,244
Parkway Properties, Inc.	7,484		129,847
New York REIT, Inc.	11,580		121,358
Mack-Cali Realty Corp.	6,258		120,654
Government Properties Income Trust	5,160		117,906
Total REITs-Office Property			3,892,526
REITs-Apartments – 10.4%
Equity Residential	6,222		484,444
AvalonBay Communities, Inc.	2,534		441,550
Essex Property Trust, Inc.	1,454		334,275
UDR, Inc.	8,041		273,635
Camden Property Trust	3,097		241,969
Apartment Investment & Management Co. — Class A	5,791		227,934
Mid-America Apartment Communities, Inc.	2,898		223,928
American Campus Communities, Inc.	4,758		203,975
Home Properties, Inc.	2,665		184,658
American Homes 4 Rent — Class A	10,490		173,610
Post Properties, Inc.	2,884		164,186
Education Realty Trust, Inc.	3,410		120,646
Associated Estates Realty Corp.	4,500		111,060
Starwood Waypoint Residential Trust	3,506		90,630
Total REITs-Apartments			3,276,500
REITs-Health Care – 9.4%
Health Care REIT, Inc.	6,297		487,136
Ventas, Inc.	6,315		461,121
HCP, Inc.	9,832		424,841
Omega Healthcare Investors, Inc.	5,484		222,486
Senior Housing Properties Trust	9,575		212,469
Healthcare Trust of America, Inc. — Class A	6,259		174,375
Medical Properties Trust, Inc.	10,925		161,035
Healthcare Realty Trust, Inc.	5,640		156,679
National Health Investors, Inc.	2,050		145,571
Sabra Health Care REIT, Inc.	3,980		131,937
Aviv REIT, Inc.	3,410		124,465
LTC Properties, Inc.	2,650		121,900
Physicians Realty Trust	5,950		104,780
Total REITs-Health Care			2,928,795
REITs-Shopping Centers – 8.0%
Kimco Realty Corp.	11,309		303,646
Federal Realty Investment Trust	1,928		283,820
Brixmor Property Group, Inc.	9,910		263,111
DDR Corp.	12,727		236,977
Regency Centers Corp.	3,464		235,691
Weingarten Realty Investors	5,408		194,580
Equity One, Inc.	6,291		167,907
WP GLIMCHER, Inc.	9,686		161,078
Kite Realty Group Trust	5,090		143,385
Urban Edge Properties	6,045		143,267
Acadia Realty Trust	4,090		142,659
Retail Opportunity Investments Corp.	6,700		122,610
Ramco-Gershenson Properties Trust	5,950		110,670
Total REITs-Shopping Centers			2,509,401
REITs -Mortgage – 7.3%
Annaly Capital Management, Inc.	27,345		284,387
American Capital Agency Corp.	11,628		248,025
Starwood Property Trust, Inc.	8,969		217,947
Colony Capital, Inc. — Class A	6,050		156,816
NorthStar Realty Finance Corp.	11,723		212,421
Two Harbors Investment Corp.	16,980		180,328
MFA Financial, Inc.	19,706		154,889
Invesco Mortgage Capital, Inc.	8,214		127,563
Hatteras Financial Corp.	6,781		123,143
PennyMac Mortgage Investment Trust	5,519		117,500
Redwood Trust, Inc.	6,230		111,330
CYS Investments, Inc.	12,200		108,702
Capstead Mortgage Corp.	8,334		98,091
iStar Financial, Inc.^*	7,540		98,020
Western Asset Mortgage Capital Corp.¹	4,870		73,440
Total REITs-Mortgage			2,312,602
REITs-Hotels – 7.3%
Host Hotels & Resorts, Inc.	17,205		347,197
Hospitality Properties Trust	6,291		207,540
LaSalle Hotel Properties	4,908		190,725
RLJ Lodging Trust	5,990		187,547
Sunstone Hotel Investors, Inc.	10,327		172,151
Strategic Hotels & Resorts, Inc.^*	13,580		168,799
Pebblebrook Hotel Trust	3,600		167,651
Ryman Hospitality Properties, Inc.	2,630		160,193
DiamondRock Hospitality Co.	10,883		153,777
Chesapeake Lodging Trust	3,760		127,201
Summit Hotel Properties, Inc.	7,380		103,837
Hersha Hospitality Trust	15,850		102,550
Chatham Lodging Trust	3,350		98,524
Ashford Hospitality Trust, Inc.	9,360		90,043
Total REITs-Hotels			2,277,735
REITs-Regional Malls - 6.9%
Simon Property Group, Inc.	3,769		737,367
General Growth Properties, Inc.	15,515		458,468
Macerich Co.	3,775		318,346
Taubman Centers, Inc.	2,598		200,384
CBL & Associates Properties, Inc.	8,679		171,844
Tanger Factory Outlet Centers, Inc.	4,807		169,062
Pennsylvania Real Estate Investment Trust	5,160		119,867
Total REITs-Regional Malls			2,175,338

Real Estate Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.8% (continued)
REITs-Storage - 4.5%
Public Storage		2,775	$	547,064
Extra Space Storage, Inc.		3,908		264,064
Iron Mountain, Inc.		6,855		250,070
CubeSmart		7,715		186,317
Sovran Self Storage, Inc.		1,730		162,516
Total REITs-Storage				1,410,031
REITs-Warehouse/Industries – 3.1%
Prologis, Inc.		10,183		443,571
DCT Industrial Trust, Inc.		4,666		161,724
First Industrial Realty Trust, Inc.		6,754		144,739
Chambers Street Properties		15,972		125,859
CyrusOne, Inc.		3,170		98,650
EastGroup Properties, Inc.		104		6,255
Total REITs -Warehouse/Industries				980,798
REITs-Single Tenant - 2.8%
Realty Income Corp.		6,147		317,185
National Retail Properties, Inc.		5,310		217,551
Spirit Realty Capital, Inc.		16,897		204,116
Select Income REIT		5,540		138,445
Total REITs-Single Tenant				877,297
REITs -Manufactured Homes - 1.2%
Equity LifeStyle Properties, Inc.		3,580		196,721
Sun Communities, Inc.		2,609		174,072
Total REITs -Manufactured Homes				370,793
Total REITs				28,450,165

Real Estate - 8.1%
Real Estate Management/Services - 5.2%
CBRE Group, Inc. — Class A^*	8,983	347,731
Jones Lang LaSalle, Inc.	1,469	250,318
WP Carey, Inc.	3,618	246,024
Realogy Holdings Corp.^*	5,256	239,043
Altisource Residential Corp.	10,110	210,895
E-House China Holdings Ltd. ADR	34,310	186,303
Kennedy-Wilson Holdings, Inc.	5,544	144,920
Total Real Estate Management/Services		1,625,234
Real Estate Operations/Development - 2.9%
Howard Hughes Corp.^*	1,447	224,314
Brookfield Asset Management, Inc. — Class A	4,080	218,729

Real Estate Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.8% (continued)
Real Estate - 8.1% (continued)
Real Estate Operations/Development - 2.9% (continued)
Forest City Enterprises, Inc. — Class A^*		8,245	$	210,412
Alexander & Baldwin, Inc.		3,220		139,040
St. Joe Co.^*		6,765		125,558
Total Real Estate Operations/Development				918,053
Total Real Estate				2,543,287
Entertainment - 0.6%
Casino Services - 0.6%
Gaming and Leisure Properties, Inc.		5,199		191,687
Diversified Financial Services - 0.5%
Investment Management/Advisory Services - 0.5%
Altisource Portfolio Solutions S.A.^*,1		12,000		154,440
Total Common Stocks
(Cost $22,523,357)				31,339,579

	Face Amount
REPURCHASE AGREEMENT^††^,2 - 0.0%
HSBC Group issued 03/31/15 at 0.03% due 04/01/15	$	141		141
Total Repurchase Agreement
(Cost $141)				141

SECURITIES LENDING COLLATERAL^††^,3 - 0.3%
Repurchase Agreements
HSBC Securities, Inc. issued 03/31/15 at 0.10% due 04/01/15		59,626		59,626
BNP Paribas Securities Corp. issued 03/31/15 at 0.10% due 04/01/15		20,511		20,511
Barclays Capital, Inc. issued 03/31/15 at 0.10% due 04/01/15		10,587		10,587
Total Securities Lending Collateral
(Cost $90,724)				90,724
Total Investments - 100.1%
(Cost $22,614,222)			$	31,430,444
Other Assets & Liabilities, net - (0.1)%				(45,682	)
Total Net Assets - 100.0%			$	31,384,762

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	All or portion of this security is on loan at March 31, 2015 — See Note 5.
²	Repurchase Agreement — See Note 4.
³	Securities lending collateral — See Note 5.

	ADR — American Depositary Receipt
	REIT— Real Estate Investment Trust

Retailing Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.2%
Retail-Discount - 14.4%
Wal-Mart Stores, Inc.		9,605	$	790,011
Costco Wholesale Corp.		2,659		402,825
Target Corp.		4,358		357,661
Dollar General Corp.		3,100		233,678
Dollar Tree, Inc.^*		2,414		195,884
Family Dollar Stores, Inc.		1,855		146,990
HSN, Inc.		1,369		93,407
Big Lots, Inc.		1,606		77,136
Total Retail-Discount				2,297,592
Retail-Apparel/Shoe –13.0%
L Brands, Inc.		2,760		260,239
Ross Stores, Inc.		2,163		227,894
The Gap, Inc.		4,979		215,740
Foot Locker, Inc.		2,395		150,885
Urban Outfitters, Inc.^*		2,688		122,707
Burlington Stores, Inc.^*		1,800		106,956
American Eagle Outfitters, Inc.		5,245		89,585
DSW, Inc. — Class A		2,424		89,397
Chico's FAS, Inc.		4,561		80,684
Men's Wearhouse, Inc.		1,507		78,665
Buckle, Inc.		1,526		77,963
Ascena Retail Group, Inc.^*		5,338		77,454
ANN, Inc.^*		1,621		66,510
Guess?, Inc.		3,561		66,199
Genesco, Inc.^*		926		65,959
Abercrombie & Fitch Co. — Class A		2,888		63,652
Brown Shoe Company, Inc.		1,860		61,008
Children's Place, Inc.		900		57,771
Express, Inc.^*		3,475		57,442
Finish Line, Inc. — Class A		2,219		54,410
Total Retail-Apparel/Shoe				2,071,120
E-Commerce/Services - 10.6%
Priceline Group, Inc.^*		321		373,691
Netflix, Inc.^*		596		248,347
Liberty Interactive Corp. — Class A^*		6,326		184,656
Ctrip.com International Ltd. ADR^*		3,057		179,201
Expedia, Inc.		1,799		169,340
TripAdvisor, Inc.^*		2,035		169,251
Liberty Ventures^*		2,851		119,771
Groupon, Inc. — Class A^*		14,419		103,961
Wayfair, Inc. — Class A^*,1		2,490		79,979
Orbitz Worldwide, Inc.^*		4,780		55,735
Total E-Commerce/Services				1,683,932
E-Commerce/Products - 7.3%
Amazon.com, Inc.^*		1,729		643,361
JD.com, Inc. ADR^*		6,150		180,687
Vipshop Holdings Ltd. ADR^*		5,311		156,356
zulily, Inc. — Class A^*		4,880		63,391
Shutterfly, Inc.^*		1,387		62,748
Lands' End, Inc.^*		1,500		53,820
Total E-Commerce/Products				1,160,363
Retail-Drug Store - 7.1%
CVS Health Corp.		5,082		524,513
Walgreens Boots Alliance, Inc.		5,419		458,881
Rite Aid Corp.^*		17,843		155,056
Total Retail-Drug Store				1,138,450
Retail-Building Products - 6.6%
Home Depot, Inc.		5,194		590,090
Lowe's Companies, Inc.		5,545		412,493
Lumber Liquidators Holdings, Inc.^*,1		1,496		46,047
Total Retail-Building Products				1,048,630
Retail-Major Department Stores - 4.6%
TJX Companies, Inc.		4,920		344,647
Nordstrom, Inc.		2,397		192,527
Sears Holdings Corp.^*,1		2,580		106,760
JC Penney Company, Inc.^*,1		9,686		81,459
Total Retail-Major Department Stores				725,393
Retail-Automobile - 4.2%
CarMax, Inc.^*		2,793		192,745
AutoNation, Inc.^*		2,071		133,227
Penske Automotive Group, Inc.		2,069		106,533
Lithia Motors, Inc. — Class A		812		80,721
Asbury Automotive Group, Inc.^*		915		76,037
Group 1 Automotive, Inc.		862		74,416
Total Retail-Automobile				663,679
Retail-Auto Parts - 3.9%
O'Reilly Automotive, Inc.^*		1,062		229,648
AutoZone, Inc.^*		334		227,841
Advance Auto Parts, Inc.		1,073		160,617
Total Retail-Auto Parts				618,106
Retail-Regional Department Stores - 3.7%
Macy's, Inc.		3,586		232,767
Kohl's Corp.		2,564		200,633
Dillard's, Inc. — Class A		871		118,900
Stage Stores, Inc.		1,840		42,173
Total Retail-Regional Department Stores				594,473
Distribution/Wholesale - 2.6%
Genuine Parts Co.		1,950		181,721
LKQ Corp.^*		5,426		138,689
Pool Corp.		1,223		85,316
Total Distribution/Wholesale				405,726
Retail-Miscellaneous/Diversified - 2.3%
Sally Beauty Holdings, Inc.^*		3,388		116,446
CST Brands, Inc.		2,054		90,027
PriceSmart, Inc.		951		80,816
Five Below, Inc.^*		2,088		74,270
Total Retail-Miscellaneous/Diversified				361,559
Retail-Jewelry - 2.0%
Tiffany & Co.		1,909		168,011
Signet Jewelers Ltd.		1,072		148,783
Total Retail-Jewelry				316,794
Retail-Sporting Goods - 1.8%
Dick's Sporting Goods, Inc.		2,256		128,570
Cabela's, Inc.^*		1,730		96,845
Hibbett Sports, Inc.^*		1,138		55,830
Total Retail-Sporting Goods				281,245

Retailing Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.2% (continued)
Retail-Office Supplies - 1.7%
Staples, Inc.		9,831	$	160,097
Office Depot, Inc.^*		11,873		109,232
Total Retail-Office Supplies				269,329
Retail-Bedding - 1.7%
Bed Bath & Beyond, Inc.^*		2,394		183,800
Mattress Firm Holding Corp.^*		1,160		80,782
Total Retail-Bedding				264,582
Retail-Consumer Electronics - 1.1%
Best Buy Company, Inc.		4,456		168,392
Retail-Gardening Products - 1.0%
Tractor Supply Co.		1,912		162,635
Retail-Vitamins/Nutritional Supplements - 1.0%
GNC Holdings, Inc. — Class A		2,151		105,549
Vitamin Shoppe, Inc.^*		1,325		54,577
Total Retail-Vitamins/Nutritional Supplements				160,126
Retail-Home Furnishings - 1.0%
Restoration Hardware Holdings, Inc.^*		1,026		101,769
Pier 1 Imports, Inc.		4,012		56,088
Total Retail-Home Furnishings				157,857
Retail-Perfume & Cosmetics - 1.0%
Ulta Salon Cosmetics & Fragrance, Inc.^*		1,018		153,565
Retail-Mail Order - 0.8%
Williams-Sonoma, Inc.		1,625		129,529
Rental Auto/Equipment - 0.8%
Aaron's, Inc.		2,492		70,548
Rent-A-Center, Inc.		2,141		58,749
Total Rental Auto/Equipment				129,297
Travel Services - 0.7%
Qunar Cayman Islands Ltd. ADR^*		2,850		117,563
Retail-Arts & Crafts - 0.7%
Michaels Companies, Inc.^*		4,040		109,322
Retail-Computer Equipment - 0.6%
GameStop Corp. — Class A¹		2,675		101,543
Oil Refining & Marketing - 0.6%
Murphy USA, Inc.^*		1,234		89,305
Diversified Operations - 0.5%
Liberty TripAdvisor Holdings, Inc. — Class A^*		2,410		76,614
Auto Repair Centers - 0.4%
Monro Muffler Brake, Inc.		1,095		71,230
Home Furnishings - 0.4%
Select Comfort Corp.^*		1,948		67,148
Retail-Bookstore - 0.4%
Barnes & Noble, Inc.^*		2,590		61,513
Retail-Video Rental - 0.4%
Outerwall, Inc.		859		56,797
Retail-Appliances - 0.3%
Conn's, Inc.^*,1		1,806		54,686
Total Common Stocks
(Cost $11,968,923)				15,768,095

PREFERRED STOCKS^† - 0.5%
Consumer, Non-cyclical - 0.5%
Cia Brasileira de Distribuicao ADR 1.50%		2,828		84,331
Total Preferred Stocks
(Cost $95,268)				84,331

	Face Amount
REPURCHASE AGREEMENT^††^,2 - 0.9%
HSBC Group issued 03/31/15 at 0.03% due 04/01/15	$	135,663		135,663
Total Repurchase Agreement
(Cost $135,663)				135,663

SECURITIES LENDING COLLATERAL^††^,3 - 1.9%
Repurchase Agreements
HSBC Securities, Inc. issued 03/31/15 at 0.10% due 04/01/15		200,520		200,520
BNP Paribas Securities Corp. issued 03/31/15 at 0.10% due 04/01/15		68,979		68,979
Barclays Capital, Inc. issued 03/31/15 at 0.10% due 04/01/15		35,604		35,604
Total Securities Lending Collateral
(Cost $305,103)				305,103
Total Investments - 102.5%
(Cost $12,504,957)			$	16,293,192
Other Assets & Liabilities, net - (2.5)%				(391,810	)
Total Net Assets - 100.0%			$	15,901,382

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	All or portion of this security is on loan at March 31, 2015 — See Note 5.
²	Repurchase Agreement — See Note 4.
³	Securities lending collateral — See Note 5.

	ADR — American Depositary Receipt

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 27.5%
Financial - 6.6%
LaSalle Hotel Properties		275	$	10,686
Investors Bancorp, Inc.		884		10,359
Highwoods Properties, Inc.		222		10,163
RLJ Lodging Trust		323		10,112
CNO Financial Group, Inc.		562		9,677
CubeSmart		400		9,659
First American Financial Corp.		264		9,421
Stifel Financial Corp.^*		162		9,031
Prosperity Bancshares, Inc.		172		9,026
EPR Properties		141		8,463
Sunstone Hotel Investors, Inc.		507		8,452
Webster Financial Corp.		223		8,262
Strategic Hotels & Resorts, Inc.^*		660		8,204
Pebblebrook Hotel Trust		176		8,196
MGIC Investment Corp.^*		835		8,040
Radian Group, Inc.		471		7,908
Sun Communities, Inc.		118		7,872
GEO Group, Inc.		179		7,829
FirstMerit Corp.		408		7,776
Bank of the Ozarks, Inc.		210		7,755
MarketAxess Holdings, Inc.		93		7,710
Sovran Self Storage, Inc.		81		7,609
Medical Properties Trust, Inc.		513		7,562
Umpqua Holdings Corp.		411		7,061
DCT Industrial Trust, Inc.		203		7,036
Primerica, Inc.		135		6,872
Colony Capital, Inc. — Class A		265		6,870
DiamondRock Hospitality Co.		483		6,825
PRA Group, Inc.^*		124		6,736
Healthcare Realty Trust, Inc.		237		6,584
National Health Investors, Inc.		92		6,533
Ryman Hospitality Properties, Inc.		107		6,517
United Bankshares, Inc.		170		6,389
Susquehanna Bancshares, Inc.		463		6,348
Janus Capital Group, Inc.		369		6,343
PrivateBancorp, Inc. — Class A		177		6,225
Hancock Holding Co.		203		6,062
First Citizens BancShares, Inc. — Class A		23		5,973
Acadia Realty Trust		168		5,859
First Industrial Realty Trust, Inc.		272		5,829
Cousins Properties, Inc.		543		5,755
WisdomTree Investments, Inc.		266		5,708
FNB Corp.		428		5,624
Cathay General Bancorp		196		5,576
RLI Corp.		106		5,555
Western Alliance Bancorporation^*		186		5,513
BancorpSouth, Inc.		237		5,503
Texas Capital Bancshares, Inc.^*		113		5,497
Wintrust Financial Corp.		115		5,483
Washington Federal, Inc.		250		5,451
Hudson Pacific Properties, Inc.		161		5,344
American Equity Investment Life Holding Co.		183		5,331
Financial Engines, Inc.		127		5,312
Valley National Bancorp		559		5,277
New Residential Investment Corp.		348		5,230
Alexander & Baldwin, Inc.		120		5,182
MB Financial, Inc.		164		5,135
DuPont Fabros Technology, Inc.		157		5,131
Kemper Corp.		131		5,103
Lexington Realty Trust		507		4,984
UMB Financial Corp.		93		4,919
IBERIABANK Corp.		78		4,916
Sabra Health Care REIT, Inc.		146		4,840
Invesco Mortgage Capital, Inc.		304		4,721
Blackhawk Network Holdings, Inc.^*		130		4,650
WageWorks, Inc.^*		87		4,640
EastGroup Properties, Inc.		77		4,631
Glacier Bancorp, Inc.		184		4,628
Kennedy-Wilson Holdings, Inc.		177		4,627
Chambers Street Properties		585		4,610
Chesapeake Lodging Trust		135		4,567
Home BancShares, Inc.		134		4,541
Washington Real Estate Investment Trust		164		4,531
Capitol Federal Financial, Inc.		353		4,413
First Financial Bankshares, Inc.		158		4,367
Symetra Financial Corp.		186		4,364
Hatteras Financial Corp.		238		4,322
Empire State Realty Trust, Inc. — Class A		226		4,251
Evercore Partners, Inc. — Class A		82		4,235
Mack-Cali Realty Corp.		219		4,222
AmTrust Financial Services, Inc.		74		4,217
New York REIT, Inc.		400		4,192
CVB Financial Corp.		261		4,160
Old National Bancorp		291		4,129
Columbia Banking System, Inc.		142		4,114
South State Corp.		60		4,103
Retail Opportunity Investments Corp.		223		4,081
Education Realty Trust, Inc.		115		4,069
BGC Partners, Inc. — Class A		430		4,064
EverBank Financial Corp.		225		4,057
Selective Insurance Group, Inc.		139		4,038
Trustmark Corp.		166		4,030
Equity One, Inc.		151		4,030
Potlatch Corp.		100		4,004
PS Business Parks, Inc.		48		3,986
Montpelier Re Holdings Ltd.		103		3,960
LTC Properties, Inc.		86		3,956
Pennsylvania Real Estate Investment Trust		170		3,949
Pinnacle Financial Partners, Inc.		88		3,912
Credit Acceptance Corp.^*		20		3,900
PennyMac Mortgage Investment Trust		183		3,896
Government Properties Income Trust		168		3,839
Ellie Mae, Inc.^*		69		3,816
American Assets Trust, Inc.		88		3,809
Redwood Trust, Inc.		205		3,663

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 27.5% (continued)
Financial - 6.7% (continued)
Hilltop Holdings, Inc.^*		185	$	3,596
Aircastle Ltd.		159		3,571
CYS Investments, Inc.		400		3,564
Argo Group International Holdings Ltd.		71		3,561
Ramco-Gershenson Properties Trust		191		3,553
Community Bank System, Inc.		100		3,539
FelCor Lodging Trust, Inc.		306		3,516
Associated Estates Realty Corp.		142		3,505
International Bancshares Corp.		134		3,488
BofI Holding, Inc.^*		37		3,442
Horace Mann Educators Corp.		100		3,420
Parkway Properties, Inc.		194		3,366
National Penn Bancshares, Inc.		306		3,296
STAG Industrial, Inc.		140		3,293
First Midwest Bancorp, Inc.		186		3,231
Gramercy Property Trust, Inc.		115		3,228
Hersha Hospitality Trust		495		3,203
Springleaf Holdings, Inc.^*		61		3,158
Enstar Group Ltd.^*		22		3,121
HFF, Inc. — Class A		81		3,041
PHH Corp.^*		125		3,021
Physicians Realty Trust		171		3,011
Sterling Bancorp		224		3,004
Summit Hotel Properties, Inc.		211		2,969
Altisource Residential Corp.		141		2,941
St. Joe Co.^*		156		2,895
Home Loan Servicing Solutions Ltd.		175		2,895
Franklin Street Properties Corp.		222		2,846
BBCN Bancorp, Inc.		196		2,836
Westamerica Bancorporation		65		2,809
ARMOUR Residential REIT, Inc.		881		2,793
Provident Financial Services, Inc.		149		2,779
Capstead Mortgage Corp.		236		2,778
Greenhill & Company, Inc.		70		2,776
Northwest Bancshares, Inc.		234		2,773
Astoria Financial Corp.		214		2,771
Independent Bank Corp.		63		2,764
Park National Corp.		32		2,738
Chatham Lodging Trust		93		2,735
iStar Financial, Inc.^*		209		2,717
NBT Bancorp, Inc.		108		2,706
Ambac Financial Group, Inc.^*		111		2,686
Investment Technology Group, Inc.^*		88		2,667
WesBanco, Inc.		81		2,639
Essent Group Ltd.^*		110		2,630
Encore Capital Group, Inc.^*		63		2,620
Chemical Financial Corp.		81		2,540
Union Bankshares Corp.		114		2,532
CoreSite Realty Corp.		52		2,531
First Financial Bancorp		142		2,529
CyrusOne, Inc.		81		2,521
Starwood Waypoint Residential Trust		96		2,482
Nelnet, Inc. — Class A		52		2,461
Eagle Bancorp, Inc.^*		64		2,458
Terreno Realty Corp.		106		2,417
Boston Private Financial Holdings, Inc.		197		2,394
Virtus Investment Partners, Inc.		18		2,354
Renasant Corp.		78		2,344
United Community Banks, Inc.		123		2,322
Inland Real Estate Corp.		215		2,298
Infinity Property & Casualty Corp.		28		2,297
Alexander's, Inc.		5		2,283
Kite Realty Group Trust		81		2,282
Select Income REIT		91		2,274
American Capital Mortgage Investment Corp.		126		2,263
LegacyTexas Financial Group, Inc.		98		2,228
Greenlight Capital Re Ltd. — Class A^*		70		2,226
Rexford Industrial Realty, Inc.		140		2,213
Banner Corp.		48		2,203
Stewart Information Services Corp.		53		2,154
AMERISAFE, Inc.		46		2,128
Excel Trust, Inc.		151		2,117
Piper Jaffray Cos.^*		40		2,098
First Merchants Corp.		89		2,095
First Commonwealth Financial Corp.		232		2,088
Employers Holdings, Inc.		77		2,078
S&T Bancorp, Inc.		73		2,072
Investors Real Estate Trust		276		2,070
Navigators Group, Inc.^*		26		2,024
New York Mortgage Trust, Inc.		259		2,010
Tompkins Financial Corp.		37		1,992
Third Point Reinsurance Ltd.^*		140		1,981
Universal Insurance Holdings, Inc.		77		1,970
Cohen & Steers, Inc.		48		1,966
Anworth Mortgage Asset Corp.		385		1,960
Apollo Commercial Real Estate Finance, Inc.		113		1,941
Safety Insurance Group, Inc.		32		1,912
United Financial Bancorp, Inc.		152		1,889
Ashford Hospitality Trust, Inc.		193		1,857
Northfield Bancorp, Inc.		124		1,838
City Holding Co.		39		1,834
State Bank Financial Corp.		87		1,827
Maiden Holdings Ltd.		123		1,824
Simmons First National Corp. — Class A		40		1,819
OFG Bancorp		111		1,812
STORE Capital Corp.		77		1,798
Aviv REIT, Inc.		49		1,789
Brookline Bancorp, Inc.		174		1,749
Rouse Properties, Inc.		92		1,744
WSFS Financial Corp.		23		1,739
Wilshire Bancorp, Inc.		173		1,725
First Potomac Realty Trust		145		1,724
TowneBank		107		1,721
Berkshire Hills Bancorp, Inc.		62		1,717

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 27.5% (continued)
Financial - 6.7% (continued)
Capital Bank Financial Corp. — Class A^*		62	$	1,712
Southside Bancshares, Inc.		59		1,693
Universal Health Realty Income Trust		30		1,688
Hanmi Financial Corp.		79		1,671
Lakeland Financial Corp.		41		1,664
National General Holdings Corp.		88		1,646
Oritani Financial Corp.		113		1,644
Ameris Bancorp		62		1,636
Sandy Spring Bancorp, Inc.		62		1,626
United Fire Group, Inc.		51		1,620
TrustCo Bank Corp. NY		234		1,610
InfraREIT, Inc.		56		1,601
First BanCorp^*		257		1,593
Cardinal Financial Corp.		79		1,578
Cedar Realty Trust, Inc.		210		1,573
Cass Information Systems, Inc.		28		1,572
Western Asset Mortgage Capital Corp.		103		1,553
Customers Bancorp, Inc.^*		63		1,535
Monmouth Real Estate Investment Corp.		138		1,533
National Western Life Insurance Co. — Class A		6		1,526
Urstadt Biddle Properties, Inc. — Class A		66		1,522
Silver Bay Realty Trust Corp.		94		1,519
Flushing Financial Corp.		75		1,505
Walter Investment Management Corp.^*		93		1,502
FBL Financial Group, Inc. — Class A		24		1,488
Cowen Group, Inc. — Class A^*		285		1,482
World Acceptance Corp.^*		20		1,458
Resource Capital Corp.		319		1,448
American Residential Properties, Inc.^*		79		1,421
Agree Realty Corp.		43		1,418
RAIT Financial Trust		201		1,379
Washington Trust Bancorp, Inc.		36		1,375
Saul Centers, Inc.		24		1,373
KCG Holdings, Inc. — Class A^*		111		1,361
Forestar Group, Inc.^*		86		1,356
TriCo Bancshares		56		1,351
Acacia Research Corp.		124		1,327
Arlington Asset Investment Corp. — Class A		55		1,323
AG Mortgage Investment Trust, Inc.		70		1,319
Dime Community Bancshares, Inc.		81		1,304
Community Trust Bancorp, Inc.		39		1,293
Stock Yards Bancorp, Inc.		37		1,274
Heartland Financial USA, Inc.		39		1,273
CareTrust REIT, Inc.		93		1,261
Apollo Residential Mortgage, Inc.		79		1,260
Heritage Financial Corp.		74		1,258
GAMCO Investors, Inc. — Class A		16		1,256
First Interstate BancSystem, Inc. — Class A		45		1,252
Enova International, Inc.^*		63		1,240
First NBC Bank Holding Co.^*		37		1,220
First Busey Corp.		179		1,198
1st Source Corp.		37		1,189
Hannon Armstrong Sustainable Infrastructure Capital, Inc.		65		1,188
Getty Realty Corp.		63		1,147
Campus Crest Communities, Inc.		160		1,146
Dynex Capital, Inc.		135		1,143
International. FCStone, Inc.^*		38		1,130
Diamond Hill Investment Group, Inc.		7		1,120
GFI Group, Inc.		188		1,115
BancFirst Corp.		18		1,098
QTS Realty Trust, Inc. — Class A		30		1,092
Waterstone Financial, Inc.		85		1,091
ConnectOne Bancorp, Inc.		56		1,090
Westwood Holdings Group, Inc.		18		1,085
CoBiz Financial, Inc.		88		1,084
Lakeland Bancorp, Inc.		94		1,081
Ashford Hospitality Prime, Inc.		63		1,057
HCI Group, Inc.		23		1,055
Meadowbrook Insurance Group, Inc.		124		1,054
CenterState Banks, Inc.		88		1,048
Federated National Holding Co.		34		1,040
Bryn Mawr Bank Corp.		34		1,034
Great Southern Bancorp, Inc.		26		1,024
Yadkin Financial Corp.^*		50		1,015
Enterprise Financial Services Corp.		49		1,012
Banc of California, Inc.		82		1,009
First Financial Corp.		28		1,005
MainSource Financial Group, Inc.		50		982
German American Bancorp, Inc.		33		971
Central Pacific Financial Corp.		42		965
Ladenburg Thalmann Financial Services, Inc.^*		245		946
Metro Bancorp, Inc.		34		937
NMI Holdings, Inc. — Class A^*		125		936
Gladstone Commercial Corp.		50		931
Blue Hills Bancorp, Inc.^*		70		925
State Auto Financial Corp.		38		923
United Insurance Holdings Corp.		41		923
Hudson Valley Holding Corp.		36		920
Clifton Bancorp, Inc.		65		917
Beneficial Bancorp, Inc.^*		80		903
BNC Bancorp		49		887
Whitestone REIT — Class B		55		873
Southwest Bancorp, Inc.		49		872
RE/MAX Holdings, Inc. — Class A		26		863
First Bancorp		49		860
Independent Bank Group, Inc.		22		856
OneBeacon Insurance Group Ltd. — Class A		56		852

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 27.5% (continued)
Financial - 6.7% (continued)
Bank Mutual Corp.		115	$	842
HomeTrust Bancshares, Inc.^*		52		830
Mercantile Bank Corp.		42		821
Peoples Financial Services Corp.		18		808
Peapack Gladstone Financial Corp.		37		799
Walker & Dunlop, Inc.^*		45		798
CorEnergy Infrastructure Trust, Inc.		115		797
Preferred Bank/Los Angeles CA		29		797
Univest Corporation of Pennsylvania		40		792
First Defiance Financial Corp.		24		788
Ares Commercial Real Estate Corp.		71		785
Park Sterling Corp.		110		781
Peoples Bancorp, Inc.		33		780
Financial Institutions, Inc.		34		780
West Bancorporation, Inc.		39		776
NewStar Financial, Inc.^*		66		774
Caesars Acquisition Co. — Class A^*		113		768
First of Long Island Corp.		30		765
Bank of Marin Bancorp		15		764
Arrow Financial Corp.		28		760
One Liberty Properties, Inc.		31		757
Stonegate Bank		25		755
Marcus & Millichap, Inc.^*		20		750
Bancorp, Inc.^*		82		740
NewBridge Bancorp		83		740
Bank of Kentucky Financial Corp.		15		736
Federal Agricultural Mortgage Corp. — Class C		26		733
Independent Bank Corp.		57		731
Flagstar Bancorp, Inc.^*		50		726
Bridge Bancorp, Inc.		28		723
Camden National Corp.		18		717
Ladder Capital Corp. — Class A		38		703
First Community Bancshares, Inc.		40		701
Phoenix Companies, Inc.^*		14		700
Fidelity Southern Corp.		41		692
Suffolk Bancorp		29		689
Seacoast Banking Corporation of Florida^*		48		685
United Community Financial Corp.		125		683
Pacific Premier Bancorp, Inc.^*		42		680
Charter Financial Corp.		59		679
Talmer Bancorp, Inc. — Class A		44		674
Citizens, Inc.^*		108		665
Armada Hoffler Properties, Inc.		62		661
HomeStreet, Inc.^*		36		660
Meridian Bancorp, Inc.^*		50		659
Bridge Capital Holdings^*		25		653
Meta Financial Group, Inc.		16		636
Guaranty Bancorp		37		628
Citizens & Northern Corp.		31		626
CNB Financial Corp.		36		613
BankFinancial Corp.		46		604
First Connecticut Bancorp, Inc.		39		599
Consolidated-Tomoka Land Co.		10		597
Crawford & Co. — Class B		69		596
Fidelity & Guaranty Life		28		594
Republic Bancorp, Inc. — Class A		24		594
Penns Woods Bancorp, Inc.		12		587
Oppenheimer Holdings, Inc. — Class A		25		587
Pacific Continental Corp.		44		582
TriState Capital Holdings, Inc.^*		55		576
Moelis & Co. — Class A		19		572
OceanFirst Financial Corp.		33		570
CU Bancorp^*		25		569
Calamos Asset Management, Inc. — Class A		42		565
PennyMac Financial Services, Inc. — Class A^*		33		560
Gain Capital Holdings, Inc.		57		557
Altisource Asset Management Corp.^*		3		555
Global Indemnity plc — Class A^*		20		555
CatchMark Timber Trust, Inc. — Class A		47		551
Baldwin & Lyons, Inc. — Class B		23		540
Horizon Bancorp		23		538
Ames National Corp.		21		522
National Bankshares, Inc.		17		507
Fox Chase Bancorp, Inc.		30		505
UMH Properties, Inc.		50		504
Sierra Bancorp		30		501
Territorial Bancorp, Inc.		21		499
Atlas Financial Holdings, Inc.^*		28		495
MidWestOne Financial Group, Inc.		17		490
Square 1 Financial, Inc. — Class A^*		18		482
National Interstate Corp.		17		477
Kearny Financial Corp.^*		35		475
Heritage Commerce Corp.		52		475
American National Bankshares, Inc.		21		474
FBR & Co.^*		20		462
Heritage Oaks Bancorp		55		457
Manning & Napier, Inc. — Class A		34		442
First Business Financial Services, Inc.		10		432
Altisource Portfolio Solutions S.A.^*		33		425
Capital City Bank Group, Inc.		26		423
Marlin Business Services Corp.		21		421
First Financial Northwest, Inc.		34		420
First Bancorp, Inc.		24		419
Northrim BanCorp, Inc.		17		417
Kansas City Life Insurance Co.		9		413
eHealth, Inc.^*		44		413
EMC Insurance Group, Inc.		12		406

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 27.5% (continued)
Financial - 6.7% (continued)
Owens Realty Mortgage, Inc.		27	$	404
Opus Bank		13		401
Regional Management Corp.^*		27		399
Sun Bancorp, Inc.^*		21		397
Heritage Insurance Holdings, Inc.^*		18		396
Enterprise Bancorp, Inc.		18		383
Merchants Bancshares, Inc.		13		379
Stonegate Mortgage Corp.^*		35		379
BBX Capital Corp. — Class A^*		20		372
Hallmark Financial Services, Inc.^*		35		371
Cascade Bancorp^*		76		365
Consumer Portfolio Services, Inc.^*		52		363
Nicholas Financial, Inc.^*		25		350
Macatawa Bank Corp.		65		348
Old Line Bancshares, Inc.		21		332
Trade Street Residential, Inc.		46		329
Century Bancorp, Inc. — Class A		8		318
Donegal Group, Inc. — Class A		20		314
JG Wentworth Co. — Class A^*		30		312
MidSouth Bancorp, Inc.		21		310
CommunityOne Bancorp^*		29		285
OM Asset Management plc		15		280
Republic First Bancorp, Inc.^*		76		276
Independence Holding Co.		19		258
Pzena Investment Management, Inc. — Class A		28		257
RCS Capital Corp. — Class A		24		255
Great Western Bancorp, Inc.		11		242
FXCM, Inc. — Class A		112		239
Ashford, Inc.^*		2		238
Palmetto Bancshares, Inc.		11		209
Higher One Holdings, Inc.^*		84		203
Silvercrest Asset Management Group, Inc. — Class A		14		200
ServisFirst Bancshares, Inc.		6		198
Trupanion, Inc.^*		21		168
Hampton Roads Bankshares, Inc.^*		84		159
C1 Financial, Inc.^*		8		150
Green Bancorp, Inc.^*		12		134
State National Companies, Inc.		13		129
CIFC Corp.		15		115
Anchor BanCorp Wisconsin, Inc.^*		3		104
Triumph Bancorp, Inc.^*		5		68
RenaissanceRe Holdings Ltd.		0		38
Fifth Street Asset Management, Inc.		3		34
Medley Management, Inc. — Class A		3		33
Total Financial				1,063,284
Consumer, Non-cyclical - 6.0%
Isis Pharmaceuticals, Inc.^*		290		18,463
Puma Biotechnology, Inc.^*		57		13,457
DexCom, Inc.^*		185		11,534
West Pharmaceutical Services, Inc.		174		10,476
WEX, Inc.^*		96		10,307
STERIS Corp.		146		10,259
Team Health Holdings, Inc.^*		174		10,181
WellCare Health Plans, Inc.^*		108		9,877
Cepheid^*		172		9,787
PAREXEL International Corp.^*		140		9,658
HealthSouth Corp.		217		9,626
United Natural Foods, Inc.^*		122		9,399
Receptos, Inc.^*		54		8,904
TreeHouse Foods, Inc.^*		104		8,841
Deluxe Corp.		123		8,521
Neurocrine Biosciences, Inc.^*		206		8,180
Impax Laboratories, Inc.^*		173		8,109
Pacira Pharmaceuticals, Inc.^*		88		7,819
Acadia Healthcare Company, Inc.^*		106		7,590
Euronet Worldwide, Inc.^*		126		7,403
Bluebird Bio, Inc.^*		61		7,367
Akorn, Inc.^*		154		7,317
ABIOMED, Inc.^*		99		7,086
OPKO Health, Inc.^*,1		486		6,887
Corporate Executive Board Co.		83		6,628
Thoratec Corp.^*		155		6,493
Amsurg Corp. — Class A^*		104		6,398
Sotheby's		150		6,339
ACADIA Pharmaceuticals, Inc.^*		194		6,322
Celldex Therapeutics, Inc.^*		220		6,131
Post Holdings, Inc.^*		127		5,949
SUPERVALU, Inc.^*		500		5,816
Helen of Troy Ltd.^*		71		5,786
Haemonetics Corp.^*		128		5,749
Darling Ingredients, Inc.^*		406		5,688
Boston Beer Company, Inc. — Class A^*		21		5,616
Dyax Corp.^*		335		5,613
Synageva BioPharma Corp.^*		57		5,559
Healthcare Services Group, Inc.		173		5,559
Advisory Board Co.^*		104		5,541
Prestige Brands Holdings, Inc.^*		128		5,490
NuVasive, Inc.^*		115		5,289
Owens & Minor, Inc.		156		5,279
Chemed Corp.		44		5,254
On Assignment, Inc.^*		133		5,104
Monro Muffler Brake, Inc.		78		5,074
Grand Canyon Education, Inc.^*		115		4,980
Molina Healthcare, Inc.^*		74		4,979
Novavax, Inc.^*		587		4,854
Exact Sciences Corp.^*		219		4,822
Magellan Health, Inc.^*		68		4,816
Ironwood Pharmaceuticals, Inc. — Class A^*		295		4,720
Anacor Pharmaceuticals, Inc.^*		81		4,686
Kindred Healthcare, Inc.		193		4,591
Insulet Corp.^*		137		4,569
Sanderson Farms, Inc.		57		4,540
Clovis Oncology, Inc.^*		61		4,528
Air Methods Corp.^*		97		4,519
Medicines Co.^*		160		4,483

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 27.5% (continued)
Consumer, Non-cyclical - 6.0% (continued)
ABM Industries, Inc.		138	$	4,397
Lancaster Colony Corp.		46		4,378
Masimo Corp.^*		132		4,353
Fresh Market, Inc.^*		106		4,309
Cyberonics, Inc.^*		66		4,285
Lannett Company, Inc.^*		63		4,266
Intrexon Corp.^*		93		4,219
Neogen Corp.^*		90		4,205
Cardtronics, Inc.^*		110		4,136
Seaboard Corp.^*		1		4,132
Heartland Payment Systems, Inc.		88		4,123
Globus Medical, Inc. — Class A^*		162		4,089
Ligand Pharmaceuticals, Inc. — Class B^*		53		4,087
Vector Group Ltd.		186		4,086
Korn/Ferry International		123		4,043
Portola Pharmaceuticals, Inc.^*		105		3,986
J&J Snack Foods Corp.		37		3,948
Cantel Medical Corp.		83		3,943
B&G Foods, Inc.		132		3,885
Bright Horizons Family Solutions, Inc.^*		75		3,845
Huron Consulting Group, Inc.^*		58		3,837
Integra LifeSciences Holdings Corp.^*		62		3,822
Dean Foods Co.		231		3,818
Matthews International Corp. — Class A		74		3,812
FTI Consulting, Inc.^*		101		3,783
Catalent, Inc.^*		121		3,769
Snyder's-Lance, Inc.		117		3,739
HeartWare International, Inc.^*		42		3,686
PTC Therapeutics, Inc.^*		60		3,651
Halozyme Therapeutics, Inc.^*		255		3,641
Spectranetics Corp.^*		103		3,580
ExamWorks Group, Inc.^*		86		3,579
Rent-A-Center, Inc.		130		3,567
EVERTEC, Inc.		162		3,541
Greatbatch, Inc.^*		61		3,529
Abaxis, Inc.		55		3,526
Fresh Del Monte Produce, Inc.		89		3,463
Nektar Therapeutics^*		313		3,443
Acorda Therapeutics, Inc.^*		103		3,428
Agios Pharmaceuticals, Inc.^*		36		3,395
CONMED Corp.		67		3,383
ARIAD Pharmaceuticals, Inc.^*		407		3,354
HMS Holdings Corp.^*		216		3,337
Brink's Co.		119		3,288
WD-40 Co.		37		3,276
Depomed, Inc.^*		143		3,205
Theravance, Inc.		203		3,191
Keryx Biopharmaceuticals, Inc.^*		250		3,183
Wright Medical Group, Inc.^*		123		3,173
Natus Medical, Inc.^*		79		3,118
ICU Medical, Inc.^*		33		3,074
Tumi Holdings, Inc.^*		125		3,058
Cambrex Corp.^*		76		3,011
Cal-Maine Foods, Inc.		76		2,969
AMAG Pharmaceuticals, Inc.^*		54		2,952
SpartanNash Co.		93		2,935
Insperity, Inc.		56		2,928
MannKind Corp.^*,1		563		2,928
Andersons, Inc.		70		2,896
Select Medical Holdings Corp.		194		2,877
Merrimack Pharmaceuticals, Inc.^*		242		2,875
Chimerix, Inc.^*		75		2,827
Analogic Corp.		31		2,818
LifeLock, Inc.^*		199		2,808
PDL BioPharma, Inc.		396		2,786
TESARO, Inc.^*		48		2,755
Achillion Pharmaceuticals, Inc.^*		278		2,741
Endologix, Inc.^*		158		2,697
Universal Corp.		57		2,688
NewLink Genetics Corp.^*		49		2,681
Cardiovascular Systems, Inc.^*		68		2,655
AMN Healthcare Services, Inc.^*		115		2,653
Sangamo BioSciences, Inc.^*		168		2,634
NxStage Medical, Inc.^*		152		2,630
Arena Pharmaceuticals, Inc.^*		595		2,600
Ensign Group, Inc.		55		2,577
Cempra, Inc.^*		74		2,539
Insmed, Inc.^*		122		2,538
Prothena Corporation plc^*		66		2,517
Array BioPharma, Inc.^*		341		2,513
Auspex Pharmaceuticals, Inc.^*		25		2,507
TrueBlue, Inc.^*		102		2,484
Repligen Corp.^*		79		2,398
MiMedx Group, Inc.^*		230		2,392
ZIOPHARM Oncology, Inc.^*		222		2,391
Diamond Foods, Inc.^*		73		2,378
Orexigen Therapeutics, Inc.^*		301		2,357
ACCO Brands Corp.^*		281		2,335
Tetraphase Pharmaceuticals, Inc.^*		63		2,308
Tornier N.V.^*		88		2,307
Affymetrix, Inc.^*		179		2,248
Zeltiq Aesthetics, Inc.^*		72		2,220
KYTHERA Biopharmaceuticals, Inc.^*		43		2,156
Bio-Reference Laboratories, Inc.^*		61		2,150
Multi-Color Corp.		31		2,149
McGrath RentCorp		64		2,106
PharMerica Corp.^*		74		2,086
Emergent Biosolutions, Inc.^*		72		2,071
Merit Medical Systems, Inc.^*		106		2,041
Omeros Corp.^*		91		2,005
ICF International, Inc.^*		49		2,002
Hanger, Inc.^*		87		1,974
Meridian Bioscience, Inc.		103		1,965
IPC Healthcare, Inc.^*		42		1,959
Team, Inc.^*		50		1,949
Aegerion Pharmaceuticals, Inc.^*		73		1,910
ImmunoGen, Inc.^*		212		1,897
Quidel Corp.^*		70		1,889
RPX Corp.^*		131		1,885
Capital Senior Living Corp.^*		72		1,868
Calavo Growers, Inc.		36		1,851

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 27.5% (continued)
Consumer, Non-cyclical - 6.0% (continued)
Amedisys, Inc.^*		67	$	1,794
Momenta Pharmaceuticals, Inc.^*		118		1,794
USANA Health Sciences, Inc.^*		16		1,778
Accuray, Inc.^*		189		1,758
TherapeuticsMD, Inc.^*		290		1,755
Capella Education Co.		27		1,752
Kforce, Inc.		78		1,740
Cynosure, Inc. — Class A^*		55		1,687
Resources Connection, Inc.		96		1,680
Infinity Pharmaceuticals, Inc.^*		120		1,678
Raptor Pharmaceutical Corp.^*		154		1,674
National Healthcare Corp.		26		1,656
Tootsie Roll Industries, Inc.		49		1,652
Foundation Medicine, Inc.^*		34		1,636
Orthofix International N.V.^*		45		1,615
Ingles Markets, Inc. — Class A		32		1,583
Ophthotech Corp.^*		34		1,582
Navigant Consulting, Inc.^*		121		1,568
Quad/Graphics, Inc.		68		1,563
BioCryst Pharmaceuticals, Inc.^*		173		1,562
Hyperion Therapeutics, Inc.^*		34		1,561
Acceleron Pharma, Inc.^*		41		1,560
MacroGenics, Inc.^*		49		1,537
Healthways, Inc.^*		78		1,537
Invacare Corp.		79		1,533
LDR Holding Corp.^*		41		1,502
Luminex Corp.^*		93		1,488
Anika Therapeutics, Inc.^*		36		1,482
Relypsa, Inc.^*		41		1,479
Geron Corp.^*		387		1,459
OvaScience, Inc.^*		42		1,459
Insys Therapeutics, Inc.^*		25		1,453
Strayer Education, Inc.^*		27		1,442
Boulder Brands, Inc.^*		150		1,430
Monster Worldwide, Inc.^*		225		1,427
US Physical Therapy, Inc.		30		1,425
Viad Corp.		51		1,419
NutriSystem, Inc.		71		1,419
Ascent Capital Group, Inc. — Class A^*		35		1,393
AtriCure, Inc.^*		68		1,393
Weis Markets, Inc.		28		1,393
Esperion Therapeutics, Inc.^*		15		1,389
Atrion Corp.		4		1,382
TriNet Group, Inc.^*		39		1,374
Inter Parfums, Inc.		41		1,337
GenMark Diagnostics, Inc.^*		103		1,337
K12, Inc.^*		85		1,336
Sarepta Therapeutics, Inc.^*		100		1,328
Kite Pharma, Inc.^*		23		1,327
Phibro Animal Health Corp. — Class A		37		1,310
Genomic Health, Inc.^*		42		1,283
Vascular Solutions, Inc.^*		42		1,273
Retrophin, Inc.^*		53		1,270
Rockwell Medical, Inc.^*		116		1,268
Accelerate Diagnostics, Inc.^*		56		1,260
American Public Education, Inc.^*		42		1,259
Coca-Cola Bottling Company Consolidated		11		1,244
Global Cash Access Holdings, Inc.^*		162		1,234
Exelixis, Inc.^*,1		480		1,234
Sagent Pharmaceuticals, Inc.^*		53		1,232
Green Dot Corp. — Class A^*		77		1,226
Unilife Corp.^*		304		1,219
Triple-S Management Corp. — Class B^*		61		1,213
Inovio Pharmaceuticals, Inc.^*		148		1,208
Ultragenyx Pharmaceutical, Inc.^*		19		1,180
Kelly Services, Inc. — Class A		67		1,168
Revlon, Inc. — Class A^*		28		1,154
Five Prime Therapeutics, Inc.^*		50		1,143
Aratana Therapeutics, Inc.^*		71		1,137
Central Garden & Pet Co. — Class A^*		107		1,136
Sequenom, Inc.^*		287		1,134
Karyopharm Therapeutics, Inc.^*		37		1,133
SciClone Pharmaceuticals, Inc.^*		127		1,125
Xoom Corp.^*		76		1,117
Universal American Corp.^*		104		1,111
Heidrick & Struggles International, Inc.		45		1,106
Surgical Care Affiliates, Inc.^*		32		1,099
AngioDynamics, Inc.^*		61		1,085
BioDelivery Sciences International, Inc.^*		103		1,082
Medifast, Inc.^*		36		1,079
Synergy Pharmaceuticals, Inc.^*		231		1,067
ANI Pharmaceuticals, Inc.^*		17		1,063
TG Therapeutics, Inc.^*		67		1,037
Forrester Research, Inc.		28		1,030
Progenics Pharmaceuticals, Inc.^*		171		1,023
Albany Molecular Research, Inc.^*		58		1,021
XenoPort, Inc.^*		143		1,018
Theravance Biopharma, Inc.^*		58		1,006
Intra-Cellular Therapies, Inc.^*		42		1,003
Elizabeth Arden, Inc.^*		64		998
LHC Group, Inc.^*		30		991
Chefs' Warehouse, Inc.^*		44		987
Spectrum Pharmaceuticals, Inc.^*		161		977
CorVel Corp.^*		28		963
Carriage Services, Inc. — Class A		40		955
CBIZ, Inc.^*		102		952
Almost Family, Inc.^*		21		939
ARC Document Solutions, Inc.^*		101		932
Ennis, Inc.		65		918
Arrowhead Research Corp.^*		135		913
Cerus Corp.^*		219		913
Cross Country Healthcare, Inc.^*		77		913
SurModics, Inc.^*		35		911
John B Sanfilippo & Son, Inc.		21		905
OraSure Technologies, Inc.^*		138		903
LendingTree, Inc.^*		16		896

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 27.5% (continued)
Consumer, Non-cyclical - 6.0% (continued)
Vanda Pharmaceuticals, Inc.^*		96	$	893
Great Lakes Dredge & Dock Corp.^*		148		889
Pernix Therapeutics Holdings, Inc.^*		82		877
Tejon Ranch Co.^*		33		873
Supernus Pharmaceuticals, Inc.^*		72		870
Radius Health, Inc.^*		21		864
Aerie Pharmaceuticals, Inc.^*		27		846
Heron Therapeutics, Inc.^*		58		844
Landauer, Inc.		24		843
SP Plus Corp.^*		38		830
Career Education Corp.^*		165		830
Pacific Biosciences of California, Inc.^*		142		829
Osiris Therapeutics, Inc.^*		47		826
XOMA Corp.^*		223		812
CRA International, Inc.^*		26		809
OncoMed Pharmaceuticals, Inc.^*		31		799
Enanta Pharmaceuticals, Inc.^*		26		796
Agenus, Inc.^*		154		790
Immunomedics, Inc.^*		204		781
Antares Pharma, Inc.^*		288		780
Rigel Pharmaceuticals, Inc.^*		216		771
Barrett Business Services, Inc.		18		771
Avalanche Biotechnologies, Inc.^*		19		770
Ampio Pharmaceuticals, Inc.^*		101		761
Zafgen, Inc.^*		19		753
BioScrip, Inc.^*		169		749
Corcept Therapeutics, Inc.^*		132		739
Alder Biopharmaceuticals, Inc.^*		25		722
CryoLife, Inc.		69		716
ZS Pharma, Inc.^*		17		715
Verastem, Inc.^*		70		712
Omega Protein Corp.^*		52		712
STAAR Surgical Co.^*		95		706
Sage Therapeutics, Inc.^*		14		703
Adeptus Health, Inc. — Class A^*		14		703
Idera Pharmaceuticals, Inc.^*		189		701
CSS Industries, Inc.		23		693
Northwest Biotherapeutics, Inc.^*		94		693
RTI Surgical, Inc.^*		140		692
Sucampo Pharmaceuticals, Inc. — Class A^*		44		685
National Beverage Corp.^*		28		683
RadNet, Inc.^*		81		680
Otonomy, Inc.^*		19		672
CTI BioPharma Corp.^*		370		670
HealthEquity, Inc.^*		26		650
IGI Laboratories, Inc.^*		79		645
Regulus Therapeutics, Inc.^*		38		644
BioTime, Inc.^*		128		636
Natural Grocers by Vitamin Cottage, Inc.^*		23		635
Seneca Foods Corp. — Class A^*		21		626
MoneyGram International, Inc.^*		72		622
Mirati Therapeutics, Inc.^*		21		616
Exactech, Inc.^*		24		615
Limoneira Co.		28		610
Paylocity Holding Corp.^*		21		601
Civeo Corp.		232		589
Navidea Biopharmaceuticals, Inc.^*		370		588
Ocular Therapeutix, Inc.^*		14		588
Peregrine Pharmaceuticals, Inc.^*		434		586
Lexicon Pharmaceuticals, Inc.^*		618		584
Epizyme, Inc.^*		31		582
Threshold Pharmaceuticals, Inc.^*		143		581
Cytokinetics, Inc.^*		85		576
BioTelemetry, Inc.^*		65		575
Endocyte, Inc.^*		91		570
Xencor, Inc.^*		37		567
Oxford Immunotec Global plc^*		40		563
Hackett Group, Inc.		62		554
VIVUS, Inc.^*,1		222		546
Organovo Holdings, Inc.^*		154		545
Utah Medical Products, Inc.		9		539
Stemline Therapeutics, Inc.^*		37		535
Village Super Market, Inc. — Class A		17		534
Pendrell Corp.^*		402		523
ServiceSource International, Inc.^*		168		521
Franklin Covey Co.^*		27		520
Universal Technical Institute, Inc.		54		518
POZEN, Inc.^*		67		517
Repros Therapeutics, Inc.^*		60		515
K2M Group Holdings, Inc.^*		23		507
ChemoCentryx, Inc.^*		67		506
CDI Corp.		35		492
Weight Watchers International, Inc.^*		68		475
Derma Sciences, Inc.^*		56		474
Five Star Quality Care, Inc.^*		106		471
CytRx Corp.^*		138		465
Senomyx, Inc.^*		104		459
Electro Rent Corp.		40		454
SFX Entertainment, Inc.^*		109		446
Farmer Bros Co.^*		18		446
Revance Therapeutics, Inc.^*		21		435
Inventure Foods, Inc.^*		38		425
Inogen, Inc.^*		13		416
Nutraceutical International Corp.^*		21		414
Zogenix, Inc.^*		301		412
Cellular Dynamics International, Inc.^*		25		411
Collectors Universe, Inc.		18		406
Galena Biopharma, Inc.^*		290		403
Bridgepoint Education, Inc.^*		41		396
ITT Educational Services, Inc.^*		57		387
Versartis, Inc.^*		21		386
Oncothyreon, Inc.^*		229		373
Addus HomeCare Corp.^*		16		368

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 27.5% (continued)
Consumer, Non-cyclical - 6.0% (continued)
Craft Brew Alliance, Inc.^*		27	$	368
Intersect ENT, Inc.^*		14		362
Alico, Inc.		7		359
Nature's Sunshine Products, Inc.		27		354
BioSpecifics Technologies Corp.^*		9		352
Vital Therapies, Inc.^*		14		350
National Research Corp. — Class A		24		346
Amphastar Pharmaceuticals, Inc.^*		23		344
Flexion Therapeutics, Inc.^*		15		338
Bio-Path Holdings, Inc.^*		180		324
Information Services Group, Inc.		81		323
Neuralstem, Inc.^*		169		321
Alimera Sciences, Inc.^*		64		321
Immune Design Corp.^*		15		317
Fairway Group Holdings Corp.^*		46		311
Synta Pharmaceuticals Corp.^*		160		310
Sunesis Pharmaceuticals, Inc.^*		121		296
Cenveo, Inc.^*		137		293
Applied Genetic Technologies Corp.^*		14		280
Liberty Tax, Inc.		10		278
Synutra International, Inc.^*		43		275
PRGX Global, Inc.^*		68		273
Liberator Medical Holdings, Inc.		78		273
Alliance HealthCare Services, Inc.^*		12		266
Hill International, Inc.^*		74		266
Tandem Diabetes Care, Inc.^*		21		265
Enzo Biochem, Inc.^*		89		263
Lifeway Foods, Inc.^*		12		257
NanoString Technologies, Inc.^*		25		255
Performant Financial Corp.^*		72		245
Nevro Corp.^*		5		240
Alliance One International, Inc.^*		216		238
AcelRx Pharmaceuticals, Inc.^*		61		235
NanoViricides, Inc.^*		104		234
T2 Biosystems, Inc.^*		15		233
Cytori Therapeutics, Inc.^*,1		192		227
Akebia Therapeutics, Inc.^*		20		222
Dicerna Pharmaceuticals, Inc.^*		9		216
TransEnterix, Inc.^*		71		208
TriVascular Technologies, Inc.^*		18		189
Kindred Biosciences, Inc.^*		26		186
Pain Therapeutics, Inc.^*		94		178
Achaogen, Inc.^*		18		176
Incorporated Research Holdings, Inc. — Class A^*		5		164
Ardelyx, Inc.^*		12		157
Female Health Co.		54		153
NeoStem, Inc.^*		60		152
Actinium Pharmaceuticals, Inc.^*		61		151
Galectin Therapeutics, Inc.^*		44		147
Egalet Corp.^*		11		142
Cara Therapeutics, Inc.^*		14		141
Ohr Pharmaceutical, Inc.^*		52		132
Marrone Bio Innovations, Inc.^*		34		132
Civitas Solutions, Inc.^*		6		126
Atara Biotherapeutics, Inc.^*		3		125
Smart & Final Stores, Inc.^*		7		123
Adamas Pharmaceuticals, Inc.^*		7		122
Coherus Biosciences, Inc.^*		4		122
Care.com, Inc.^*		16		121
Genocea Biosciences, Inc.^*		10		119
Veracyte, Inc.^*		16		116
Eleven Biotherapeutics, Inc.^*		13		116
Loxo Oncology, Inc.^*		9		112
22nd Century Group, Inc.^*		110		95
AAC Holdings, Inc.^*		3		92
PhotoMedex, Inc.^*		32		64
Neff Corp. — Class A^*		6		63
Dermira, Inc.^*		4		61
Sientra, Inc.^*		3		58
Regado Biosciences, Inc.^*		38		46
Roka Bioscience, Inc.^*		12		38
Vitae Pharmaceuticals, Inc.^*		3		35
Tokai Pharmaceuticals, Inc.^*		3		34
Total Consumer, Non-cyclical				968,828
Consumer, Cyclical - 3.8%
Office Depot, Inc.^*		1,319		12,136
JetBlue Airways Corp.^*		613		11,799
Brunswick Corp.		229		11,783
Jack in the Box, Inc.		99		9,495
Vail Resorts, Inc.		89		9,204
Dana Holding Corp.		418		8,844
Tenneco, Inc.^*		150		8,613
Casey's General Stores, Inc.		95		8,560
Buffalo Wild Wings, Inc.^*		47		8,517
Wolverine World Wide, Inc.		250		8,363
American Eagle Outfitters, Inc.		480		8,198
Watsco, Inc.		64		8,044
Pool Corp.		111		7,743
Restoration Hardware Holdings, Inc.^*		76		7,538
Life Time Fitness, Inc.^*		101		7,167
Cracker Barrel Old Country Store, Inc.		47		7,150
Skechers U.S.A., Inc. — Class A^*		96		6,903
Allegiant Travel Co. — Class A		34		6,538
Texas Roadhouse, Inc. — Class A		172		6,265
Asbury Automotive Group, Inc.^*		75		6,232
Men's Wearhouse, Inc.		118		6,160
Cooper Tire & Rubber Co.		143		6,126
HNI Corp.		111		6,124
Cheesecake Factory, Inc.		123		6,068
Ryland Group, Inc.		116		5,655
HSN, Inc.		82		5,595
TRI Pointe Homes, Inc.^*		362		5,586
Lithia Motors, Inc. — Class A		56		5,567
Steven Madden Ltd.^*		144		5,472
Marriott Vacations Worldwide Corp.		66		5,349
Pinnacle Entertainment, Inc.^*		147		5,305
G-III Apparel Group Ltd.^*		47		5,296
Group 1 Automotive, Inc.		60		5,180

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 27.5% (continued)
Consumer, Cyclical - 3.8% (continued)
Mobile Mini, Inc.		115	$	4,904
Five Below, Inc.^*		134		4,766
ANN, Inc.^*		116		4,759
Papa John's International, Inc.		76		4,698
Meritage Homes Corp.^*		96		4,669
Bloomin' Brands, Inc.		190		4,623
Select Comfort Corp.^*		134		4,619
Gentherm, Inc.^*		87		4,394
DineEquity, Inc.		41		4,387
UniFirst Corp.		37		4,355
American Axle & Manufacturing Holdings, Inc.^*		167		4,314
Sonic Corp.		134		4,248
Burlington Stores, Inc.^*		71		4,219
Genesco, Inc.^*		59		4,203
Columbia Sportswear Co.		68		4,141
Herman Miller, Inc.		146		4,053
Fiesta Restaurant Group, Inc.^*		66		4,026
Iconix Brand Group, Inc.^*		119		4,007
United Stationers, Inc.		97		3,976
PriceSmart, Inc.		46		3,909
Steelcase, Inc. — Class A		204		3,864
Beacon Roofing Supply, Inc.^*		122		3,819
Churchill Downs, Inc.		33		3,794
Core-Mark Holding Company, Inc.		57		3,666
Outerwall, Inc.		55		3,636
La-Z-Boy, Inc.		129		3,626
Buckle, Inc.		70		3,576
G&K Services, Inc. — Class A		49		3,554
Brown Shoe Company, Inc.		108		3,542
Popeyes Louisiana Kitchen, Inc.^*		58		3,470
Children's Place, Inc.		54		3,466
Express, Inc.^*		208		3,438
Interface, Inc. — Class A		164		3,408
Dorman Products, Inc.^*		67		3,333
BJ's Restaurants, Inc.^*		66		3,330
First Cash Financial Services, Inc.^*		71		3,302
Pier 1 Imports, Inc.		233		3,257
KB Home		207		3,233
Krispy Kreme Doughnuts, Inc.^*		161		3,218
Standard Pacific Corp.^*		355		3,195
Hibbett Sports, Inc.^*		64		3,140
Vitamin Shoppe, Inc.^*		76		3,130
Red Robin Gourmet Burgers, Inc.^*		35		3,045
Meritor, Inc.^*		241		3,039
Penn National Gaming, Inc.^*		194		3,038
Belmond Ltd. — Class A^*		238		2,923
Finish Line, Inc. — Class A		119		2,918
Diamond Resorts International, Inc.^*		87		2,908
ScanSource, Inc.^*		70		2,846
Guess?, Inc.		152		2,826
Bob Evans Farms, Inc.		61		2,822
Knoll, Inc.		119		2,788
MDC Holdings, Inc.		96		2,736
Oxford Industries, Inc.		36		2,716
Boyd Gaming Corp.^*		191		2,712
Cato Corp. — Class A		68		2,693
Crocs, Inc.^*		226		2,669
La Quinta Holdings, Inc.^*		109		2,581
Mattress Firm Holding Corp.^*		37		2,577
Interval Leisure Group, Inc.		98		2,569
TiVo, Inc.^*		236		2,504
Denny's Corp.^*		215		2,451
Hawaiian Holdings, Inc.^*		111		2,445
Sonic Automotive, Inc. — Class A		98		2,440
Barnes & Noble, Inc.^*		101		2,399
Wabash National Corp.^*		170		2,397
iRobot Corp.^*		73		2,382
Rush Enterprises, Inc. — Class A^*		85		2,326
National CineMedia, Inc.		150		2,265
International Speedway Corp. — Class A		69		2,250
Universal Electronics, Inc.^*		39		2,201
Libbey, Inc.		53		2,116
Lumber Liquidators Holdings, Inc.^*		68		2,093
Conn's, Inc.^*		69		2,089
Standard Motor Products, Inc.		49		2,071
Biglari Holdings, Inc.^*		5		2,071
Zumiez, Inc.^*		51		2,053
Carmike Cinemas, Inc.^*		60		2,016
Cooper-Standard Holding, Inc.^*		34		2,013
Wesco Aircraft Holdings, Inc.^*		129		1,976
H&E Equipment Services, Inc.		77		1,924
Steiner Leisure Ltd.^*		40		1,896
Francesca's Holdings Corp.^*		104		1,851
AMC Entertainment Holdings, Inc. — Class A		52		1,845
SkyWest, Inc.		126		1,841
Callaway Golf Co.		191		1,820
Stage Stores, Inc.		78		1,788
Regis Corp.^*		108		1,767
Tuesday Morning Corp.^*		107		1,723
Ethan Allen Interiors, Inc.		62		1,714
Republic Airways Holdings, Inc.^*		122		1,678
Cavco Industries, Inc.^*		22		1,651
American Woodmark Corp.^*		30		1,642
MarineMax, Inc.^*		61		1,617
Cash America International, Inc.		69		1,608
Modine Manufacturing Co.^*		118		1,589
Fred's, Inc. — Class A		91		1,555
Remy International, Inc.		68		1,510
DTS, Inc.^*		42		1,431
M/I Homes, Inc.^*		60		1,430
Winnebago Industries, Inc.		67		1,424
Ruth's Hospitality Group, Inc.		89		1,413
Rentrak Corp.^*		25		1,389
Tower International, Inc.^*		51		1,357
Unifi, Inc.^*		37		1,335
Caesars Entertainment Corp.^*		126		1,327
Scientific Games Corp. — Class A^*		125		1,309
Movado Group, Inc.		45		1,283

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 27.5% (continued)
Consumer, Cyclical - 3.8% (continued)
Pep Boys-Manny Moe & Jack^*		131	$	1,260
Douglas Dynamics, Inc.		55		1,256
Haverty Furniture Companies, Inc.		50		1,244
Motorcar Parts of America, Inc.^*		44		1,223
Nautilus, Inc.^*		77		1,176
Beazer Homes USA, Inc.^*		66		1,170
Del Frisco's Restaurant Group, Inc.^*		58		1,169
Arctic Cat, Inc.		32		1,162
EZCORP, Inc. — Class A^*		127		1,160
William Lyon Homes — Class A^*		44		1,136
Superior Industries International, Inc.		58		1,098
Shoe Carnival, Inc.		37		1,089
Citi Trends, Inc.^*		39		1,053
ClubCorp Holdings, Inc.		54		1,045
America's Car-Mart, Inc.^*		19		1,031
Hovnanian Enterprises, Inc. — Class A^*		288		1,025
Titan International, Inc.		109		1,020
Daktronics, Inc.		93		1,005
Eros International plc^*		55		961
Federal-Mogul Holdings Corp.^*		71		945
Marcus Corp.		44		937
Chuy's Holdings, Inc.^*		41		924
Ruby Tuesday, Inc.^*		152		914
Kimball International, Inc. — Class B		85		891
Vera Bradley, Inc.^*		54		876
Kirkland's, Inc.^*		36		855
Stein Mart, Inc.		68		847
Tile Shop Holdings, Inc.^*		69		836
PetMed Express, Inc.		50		826
Container Store Group, Inc.^*		42		800
Isle of Capri Casinos, Inc.^*		53		745
Carrols Restaurant Group, Inc.^*		87		721
Bravo Brio Restaurant Group, Inc.^*		48		705
Perry Ellis International, Inc.^*		30		695
WCI Communities, Inc.^*		29		695
NACCO Industries, Inc. — Class A		13		689
Miller Industries, Inc.		28		686
Aeropostale, Inc.^*		194		673
Speedway Motorsports, Inc.		29		660
Jamba, Inc.^*		43		633
PC Connection, Inc.		24		626
Quiksilver, Inc.^*		335		620
Big 5 Sporting Goods Corp.		46		610
Build-A-Bear Workshop, Inc. — Class A^*		31		609
Strattec Security Corp.		8		591
Culp, Inc.		22		589
LGI Homes, Inc.^*		35		583
Reading International, Inc. — Class A^*		43		578
Titan Machinery, Inc.^*		42		561
Morgans Hotel Group Co.^*		72		558
Skullcandy, Inc.^*		49		554
El Pollo Loco Holdings, Inc.^*		21		538
Black Diamond, Inc.^*		56		529
Winmark Corp.		6		525
Vince Holding Corp.^*		28		519
Destination Maternity Corp.		34		512
Potbelly Corp.^*		37		507
Christopher & Banks Corp.^*		90		500
Malibu Boats, Inc. — Class A^*		21		490
Norcraft Companies, Inc.^*		19		486
Installed Building Products, Inc.^*		22		479
Weyco Group, Inc.		16		478
Roundy's, Inc.^*		97		474
Noodles & Co.^*		27		471
Zoe's Kitchen, Inc.^*		14		466
Sequential Brands Group, Inc.^*		42		449
AV Homes, Inc.^*		28		447
Accuride Corp.^*		95		443
Monarch Casino & Resort, Inc.^*		23		440
VOXX International Corp. — Class A^*		48		440
Nathan's Famous, Inc.		8		433
Fox Factory Holding Corp.^*		28		430
Houston Wire & Cable Co.		44		428
Destination XL Group, Inc.^*		86		425
Commercial Vehicle Group, Inc.^*		65		419
Escalade, Inc.		24		417
Spartan Motors, Inc.		85		412
Tilly's, Inc. — Class A^*		26		407
West Marine, Inc.^*		43		399
Johnson Outdoors, Inc. — Class A		12		397
Lifetime Brands, Inc.		26		397
Fuel Systems Solutions, Inc.^*		35		386
Flexsteel Industries, Inc.		12		375
LeapFrog Enterprises, Inc. — Class A^*		161		351
Famous Dave's of America, Inc.^*		12		342
Pacific Sunwear of California, Inc.^*		123		339
New Home Company, Inc.^*		21		335
Dixie Group, Inc.^*		37		335
Systemax, Inc.^*		27		330
JAKKS Pacific, Inc.^*		46		315
Intrawest Resorts Holdings, Inc.^*		33		288
bebe stores, Inc.		77		280
Gaiam, Inc. — Class A^*		37		270
Papa Murphy's Holdings, Inc.^*		14		254
Bon-Ton Stores, Inc.		36		251
Sears Hometown and Outlet Stores, Inc.^*		29		224
Marine Products Corp.		26		223
Century Communities, Inc.^*		10		193
Sportsman's Warehouse Holdings, Inc.^*		24		192
hhgregg, Inc.^*		30		184
New York & Company, Inc.^*		72		180
Empire Resorts, Inc.^*		38		175

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 27.5% (continued)
Consumer, Cyclical - 3.8% (continued)
UCP, Inc. — Class A^*		20	$	174
Ignite Restaurant Group, Inc.^*		18		87
Speed Commerce, Inc.^*		120		77
Total Consumer, Cyclical				609,755
Industrial - 3.5%
Graphic Packaging Holding Co.		807		11,733
Cognex Corp.^*		214		10,612
Belden, Inc.		108		10,103
HEICO Corp.		164		10,014
Teledyne Technologies, Inc.^*		92		9,819
Esterline Technologies Corp.^*		78		8,925
Curtiss-Wright Corp.		119		8,799
Woodward, Inc.		164		8,366
Generac Holdings, Inc.^*		170		8,277
CLARCOR, Inc.		124		8,192
Berry Plastics Group, Inc.^*		222		8,035
FEI Co.		104		7,939
EMCOR Group, Inc.		165		7,669
Moog, Inc. — Class A^*		102		7,655
EnerSys		109		7,002
KapStone Paper and Packaging Corp.		209		6,864
Polypore International, Inc.^*		111		6,538
XPO Logistics, Inc.^*		130		5,912
Louisiana-Pacific Corp.^*		348		5,745
Littelfuse, Inc.		56		5,566
Swift Transportation Co. — Class A^*		210		5,464
Barnes Group, Inc.		134		5,426
Mueller Industries, Inc.		140		5,058
Rexnord Corp.^*		185		4,938
Sanmina Corp.^*		203		4,911
Masonite International Corp.^*		73		4,911
Hillenbrand, Inc.		155		4,785
Knight Transportation, Inc.		147		4,741
Universal Display Corp.^*		100		4,675
Applied Industrial Technologies, Inc.		103		4,671
Trex Company, Inc.^*		83		4,526
Franklin Electric Company, Inc.		118		4,501
Matson, Inc.		106		4,468
Methode Electronics, Inc.		94		4,422
RBC Bearings, Inc.		57		4,363
Tetra Tech, Inc.		175		4,204
Forward Air Corp.		77		4,181
Dycom Industries, Inc.^*		84		4,103
Scorpio Tankers, Inc.		434		4,088
Coherent, Inc.^*		62		4,028
Greenbrier Companies, Inc.		68		3,944
Proto Labs, Inc.^*		56		3,920
Watts Water Technologies, Inc. — Class A		70		3,852
Mueller Water Products, Inc. — Class A		391		3,851
Simpson Manufacturing Company, Inc.		102		3,812
Rogers Corp.^*		45		3,699
EnPro Industries, Inc.		56		3,693
MSA Safety, Inc.		73		3,641
OSI Systems, Inc.^*		49		3,639
Boise Cascade Co.^*		97		3,634
Actuant Corp. — Class A		153		3,632
Hub Group, Inc. — Class A^*		91		3,575
Drew Industries, Inc.		58		3,570
Itron, Inc.^*		97		3,541
Werner Enterprises, Inc.		110		3,455
TriMas Corp.^*		112		3,448
Harsco Corp.		199		3,435
GenCorp, Inc.^*		148		3,432
Plexus Corp.^*		84		3,425
TAL International Group, Inc.		84		3,421
Astronics Corp.^*		46		3,390
Granite Construction, Inc.		96		3,373
Brady Corp. — Class A		118		3,338
Headwaters, Inc.^*		181		3,319
TASER International, Inc.^*		133		3,207
Benchmark Electronics, Inc.^*		133		3,196
Heartland Express, Inc.		134		3,184
Apogee Enterprises, Inc.		72		3,110
MasTec, Inc.^*		161		3,107
AAR Corp.		98		3,009
Tennant Co.		45		2,942
AZZ, Inc.		63		2,936
Exponent, Inc.		33		2,934
Fluidigm Corp.^*		69		2,905
Kaman Corp.		68		2,885
UTI Worldwide, Inc.^*		226		2,780
Universal Forest Products, Inc.		50		2,774
Albany International Corp. — Class A		69		2,743
RTI International Metals, Inc.^*		76		2,729
Saia, Inc.^*		61		2,702
FARO Technologies, Inc.^*		43		2,672
Atlas Air Worldwide Holdings, Inc.^*		62		2,667
US Ecology, Inc.		53		2,648
Cubic Corp.		51		2,640
Chart Industries, Inc.^*		75		2,631
Standex International Corp.		32		2,628
Nordic American Tankers Ltd.		220		2,620
Advanced Energy Industries, Inc.^*		101		2,592
ESCO Technologies, Inc.		66		2,573
John Bean Technologies Corp.		72		2,572
AAON, Inc.		104		2,551
Federal Signal Corp.		155		2,447
ArcBest Corp.		64		2,425
CIRCOR International, Inc.		44		2,407
Sturm Ruger & Company, Inc.		48		2,383
II-VI, Inc.^*		129		2,381
Briggs & Stratton Corp.		115		2,362
Lindsay Corp.		30		2,288
Sun Hydraulics Corp.		55		2,275
Quanex Building Products Corp.		110		2,171
Ship Finance International Ltd.		146		2,161
Badger Meter, Inc.		36		2,158
Tutor Perini Corp.^*		92		2,148
General Cable Corp.		120		2,068
Nortek, Inc.^*		23		2,030
GasLog Ltd.		104		2,020

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 27.5% (continued)
Industrial - 3.5% (continued)
Astec Industries, Inc.		47	$	2,015
LSB Industries, Inc.^*		48		1,984
Comfort Systems USA, Inc.		93		1,957
Encore Wire Corp.		51		1,932
Hyster-Yale Materials Handling, Inc.		26		1,906
Newport Corp.^*		98		1,868
Altra Industrial Motion Corp.		67		1,852
Raven Industries, Inc.		90		1,841
Smith & Wesson Holding Corp.^*		143		1,820
Roadrunner Transportation Systems, Inc.^*		69		1,744
Griffon Corp.		98		1,708
Aegion Corp. — Class A^*		94		1,697
Rofin-Sinar Technologies, Inc.^*		69		1,672
MYR Group, Inc.^*		53		1,661
Fabrinet^*		87		1,652
DHT Holdings, Inc.		228		1,591
Textainer Group Holdings Ltd.		53		1,589
Echo Global Logistics, Inc.^*		58		1,581
Blount International, Inc.^*		122		1,571
CTS Corp.		84		1,511
Kadant, Inc.		28		1,473
Celadon Group, Inc.		52		1,415
DXP Enterprises, Inc.^*		32		1,411
Gorman-Rupp Co.		47		1,408
YRC Worldwide, Inc.^*		77		1,383
Haynes International, Inc.		31		1,382
Marten Transport Ltd.		59		1,369
Lydall, Inc.^*		42		1,332
Columbus McKinnon Corp.		49		1,320
Patrick Industries, Inc.^*		21		1,308
PGT, Inc.^*		117		1,307
Gibraltar Industries, Inc.^*		76		1,247
Aerovironment, Inc.^*		47		1,246
LB Foster Co. — Class A		26		1,234
Myers Industries, Inc.		70		1,227
Tredegar Corp.		61		1,227
GP Strategies Corp.^*		33		1,221
TTM Technologies, Inc.^*		134		1,207
Alamo Group, Inc.		19		1,199
American Railcar Industries, Inc.		24		1,194
NCI Building Systems, Inc.^*		69		1,192
US Concrete, Inc.^*		35		1,186
Air Transport Services Group, Inc.^*		128		1,180
Park-Ohio Holdings Corp.		22		1,159
Advanced Drainage Systems, Inc.		38		1,138
Teekay Tankers Ltd. — Class A		196		1,125
GrafTech International Ltd.^*		289		1,124
Argan, Inc.		31		1,121
Park Electrochemical Corp.		52		1,121
Checkpoint Systems, Inc.		103		1,114
NN, Inc.		44		1,104
American Science & Engineering, Inc.		22		1,075
Era Group, Inc.^*		50		1,042
GSI Group, Inc.^*		75		999
CAI International, Inc.^*		40		983
Insteel Industries, Inc.		45		973
FreightCar America, Inc.		30		943
NVE Corp.		12		827
Navios Maritime Holdings, Inc.		196		819
Global Brass & Copper Holdings, Inc.		53		819
VSE Corp.		10		819
Stoneridge, Inc.^*		70		790
Scorpio Bulkers, Inc.^*		332		787
Powell Industries, Inc.		23		777
Mistras Group, Inc.^*		40		770
National Presto Industries, Inc.		12		761
Builders FirstSource, Inc.^*		113		754
Furmanite Corp.^*		93		734
PowerSecure International, Inc.^*		55		724
Navios Maritime Acquisition Corp.		203		719
Power Solutions International, Inc.^*		11		707
Quality Distribution, Inc.^*		68		702
Chase Corp.		16		700
Ducommun, Inc.^*		27		699
Ply Gem Holdings, Inc.^*		53		689
Continental Building Products, Inc.^*		29		655
Stock Building Supply Holdings, Inc.^*		36		650
Vicor Corp.^*		41		623
Sparton Corp.^*		25		613
Kratos Defense & Security Solutions, Inc.^*		110		608
Orion Marine Group, Inc.^*		68		602
Graham Corp.		25		599
Astronics Corp. — Class B^*		8		585
Global Power Equipment Group, Inc.		42		554
Trinseo S.A.^*		28		554
CECO Environmental Corp.		52		552
AEP Industries, Inc.^*		10		550
Casella Waste Systems, Inc. — Class A^*		96		528
Northwest Pipe Co.^*		23		528
Capstone Turbine Corp.^*,1		811		527
Hurco Companies, Inc.		16		527
Mesa Laboratories, Inc.		7		505
Applied Optoelectronics, Inc.^*		36		499
Vishay Precision Group, Inc.^*		31		494
Bel Fuse, Inc. — Class B		25		476
KEMET Corp.^*		112		464
PAM Transportation Services, Inc.^*		8		458
Ardmore Shipping Corp.		45		453
USA Truck, Inc.^*		16		443
Xerium Technologies, Inc.^*		27		438
Dynamic Materials Corp.		34		434
LSI Industries, Inc.		53		432
Nordic American Offshore Ltd.		45		412
Handy & Harman Ltd.^*		10		411
Knightsbridge Shipping Ltd.		82		410

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 27.5% (continued)
Industrial - 3.5% (continued)
Universal Truckload Services, Inc.		16	$	403
Multi-Fineline Electronix, Inc.^*		22		402
Electro Scientific Industries, Inc.		60		371
Frontline Ltd.^*		164		367
Intevac, Inc.^*		59		362
Twin Disc, Inc.		20		353
Ampco-Pittsburgh Corp.		20		349
Control4 Corp.^*		29		347
Safe Bulkers, Inc.		96		345
UFP Technologies, Inc.^*		15		342
Manitex International, Inc.^*		34		331
LMI Aerospace, Inc.^*		27		330
Olympic Steel, Inc.		23		310
Heritage-Crystal Clean, Inc.^*		26		304
CUI Global, Inc.^*		51		299
Dorian LPG Ltd.^*		19		248
Energy Recovery, Inc.^*		95		246
Layne Christensen Co.^*		49		245
Viasystems Group, Inc.^*		13		227
General Finance Corp.^*		28		226
Sterling Construction Company, Inc.^*		47		212
Imprivata, Inc.^*		14		196
Baltic Trading Ltd.		121		180
Omega Flex, Inc.		7		176
International Shipholding Corp.		14		170
AM Castle & Co.^*		46		168
NL Industries, Inc.^*		17		132
SIFCO Industries, Inc.		6		131
CHC Group Ltd.^*		83		110
Aspen Aerogels, Inc.^*		14		102
Revolution Lighting Technologies, Inc.^*		87		97
Ultrapetrol Bahamas Ltd.^*		53		77
Erickson, Inc.^*		15		65
Quest Resource Holding Corp.^*		34		43
ARC Group Worldwide, Inc.^*		7		37
TCP International Holdings Ltd.^*		18		33
Turtle Beach Corp.^*		17		32
Total Industrial				569,319
Technology - 3.0%
Ultimate Software Group, Inc.^*		70		11,897
MAXIMUS, Inc.		167		11,150
Cypress Semiconductor Corp.		755		10,652
SS&C Technologies Holdings, Inc.		168		10,466
Tyler Technologies, Inc.^*		81		9,763
Manhattan Associates, Inc.^*		187		9,464
Cavium, Inc.^*		130		9,206
Verint Systems, Inc.^*		147		9,104
Guidewire Software, Inc.^*		168		8,838
Aspen Technology, Inc.^*		227		8,737
Microsemi Corp.^*		234		8,284
Synaptics, Inc.^*		89		7,237
Fair Isaac Corp.		79		7,009
Qlik Technologies, Inc.^*		221		6,880
Integrated Device Technology, Inc.^*		328		6,567
Medidata Solutions, Inc.^*		133		6,522
ACI Worldwide, Inc.^*		281		6,086
Mentor Graphics Corp.		239		5,743
Convergys Corp.		250		5,717
Advent Software, Inc.		127		5,602
Fairchild Semiconductor International, Inc. — Class A^*		307		5,581
Science Applications International Corp.		108		5,547
Proofpoint, Inc.^*		92		5,448
Silicon Laboratories, Inc.^*		107		5,432
SYNNEX Corp.		70		5,407
Blackbaud, Inc.		114		5,401
EPAM Systems, Inc.^*		88		5,394
Ambarella, Inc.^*		71		5,375
Tessera Technologies, Inc.		132		5,317
Take-Two Interactive Software, Inc.^*		206		5,244
CACI International, Inc. — Class A^*		58		5,215
Cirrus Logic, Inc.^*		153		5,089
Dealertrack Technologies, Inc.^*		132		5,084
CommVault Systems, Inc.^*		116		5,069
Monolithic Power Systems, Inc.		95		5,002
Electronics for Imaging, Inc.^*		115		4,801
Envestnet, Inc.^*		84		4,711
Entegris, Inc.^*		343		4,696
Intersil Corp. — Class A		318		4,554
Demandware, Inc.^*		74		4,507
MKS Instruments, Inc.		132		4,463
Semtech Corp.^*		166		4,423
Synchronoss Technologies, Inc.^*		87		4,129
FleetMatics Group plc^*		92		4,126
Syntel, Inc.^*		77		3,983
PMC-Sierra, Inc.^*		428		3,972
NetScout Systems, Inc.^*		90		3,947
Power Integrations, Inc.		75		3,906
IGATE Corp.^*		91		3,882
Cornerstone OnDemand, Inc.^*		131		3,785
MicroStrategy, Inc. — Class A^*		22		3,722
OmniVision Technologies, Inc.^*		138		3,639
Rambus, Inc.^*		281		3,534
Acxiom Corp.^*		190		3,513
Progress Software Corp.^*		127		3,451
Monotype Imaging Holdings, Inc.		98		3,199
QLogic Corp.^*		215		3,169
Omnicell, Inc.^*		90		3,159
Infoblox, Inc.^*		132		3,151
Veeco Instruments, Inc.^*		99		3,024
ExlService Holdings, Inc.^*		81		3,013
Cabot Microelectronics Corp.^*		60		2,998
Constant Contact, Inc.^*		77		2,942
Unisys Corp.^*		126		2,924
Insight Enterprises, Inc.^*		101		2,881
MTS Systems Corp.		38		2,875
MedAssets, Inc.^*		150		2,823
Super Micro Computer, Inc.^*		85		2,823
Cray, Inc.^*		100		2,808
SPS Commerce, Inc.^*		40		2,684
InvenSense, Inc. — Class A^*		175		2,662

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 27.5% (continued)
Technology - 3.0% (continued)
Bottomline Technologies de, Inc.^*		97	$	2,655
Virtusa Corp.^*		64		2,648
RealPage, Inc.^*		128		2,578
Diodes, Inc.^*		90		2,570
CSG Systems International, Inc.		84		2,553
Sykes Enterprises, Inc.^*		97		2,410
BroadSoft, Inc.^*		71		2,376
Imperva, Inc.^*		55		2,349
Qualys, Inc.^*		50		2,324
Ebix, Inc.		75		2,279
Kofax Ltd.^*		183		2,004
ManTech International Corp. — Class A		59		2,002
Quality Systems, Inc.		123		1,966
Brooks Automation, Inc.		165		1,919
Pegasystems, Inc.		87		1,892
Amkor Technology, Inc.^*		211		1,864
AVG Technologies N.V.^*		86		1,862
Lattice Semiconductor Corp.^*		290		1,839
Interactive Intelligence Group, Inc.^*		41		1,688
Micrel, Inc.		110		1,659
inContact, Inc.^*		150		1,635
Actua Corp.^*		102		1,580
Computer Programs & Systems, Inc.		28		1,519
Callidus Software, Inc.^*		118		1,496
PROS Holdings, Inc.^*		58		1,433
Emulex Corp.^*		175		1,394
Photronics, Inc.^*		164		1,394
Epiq Systems, Inc.		77		1,381
Inphi Corp.^*		77		1,373
LivePerson, Inc.^*		134		1,371
PDF Solutions, Inc.^*		75		1,344
Integrated Silicon Solution, Inc.		75		1,342
Tangoe, Inc.^*		95		1,311
Engility Holdings, Inc.		43		1,292
Mercury Systems, Inc.^*		82		1,276
RealD, Inc.^*		99		1,266
Cvent, Inc.^*		44		1,234
FormFactor, Inc.^*		137		1,215
Ultratech, Inc.^*		69		1,196
M/A-COM Technology Solutions Holdings, Inc.^*		32		1,192
Xcerra Corp.^*		131		1,165
SciQuest, Inc.^*		68		1,151
TeleTech Holdings, Inc.		44		1,120
Glu Mobile, Inc.^*		222		1,112
CEVA, Inc.^*		52		1,109
Nanometrics, Inc.^*		59		992
Luxoft Holding, Inc.^*		19		983
Applied Micro Circuits Corp.^*		192		979
Exar Corp.^*		97		975
Rally Software Development Corp.^*		61		957
Rudolph Technologies, Inc.^*		82		904
Quantum Corp.^*		538		861
Pericom Semiconductor Corp.		55		851
Eastman Kodak Co.^*		44		836
Ciber, Inc.^*		192		791
Dot Hill Systems Corp.^*		148		784
Merge Healthcare, Inc.^*		174		778
Barracuda Networks, Inc.^*		20		769
Silver Spring Networks, Inc.^*		86		769
Violin Memory, Inc.^*		198		746
IXYS Corp.		60		739
Silicon Graphics International Corp.^*		85		739
Vitesse Semiconductor Corp.^*		136		722
Cohu, Inc.		62		678
2U, Inc.^*		26		665
DSP Group, Inc.^*		55		659
KEYW Holding Corp.^*		80		658
Axcelis Technologies, Inc.^*		274		652
Digi International, Inc.^*		65		649
Entropic Communications, Inc.^*		219		648
Immersion Corp.^*		70		643
Seachange International, Inc.^*		81		636
Carbonite, Inc.^*		44		629
American Software, Inc. — Class A		61		623
Maxwell Technologies, Inc.^*		74		596
Datalink Corp.^*		49		590
InnerWorkings, Inc.^*		87		585
Brightcove, Inc.^*		79		579
Model N, Inc.^*		48		574
Kopin Corp.^*		163		574
MaxLinear, Inc. — Class A^*		69		561
Vocera Communications, Inc.^*		56		556
Jive Software, Inc.^*		105		539
Ultra Clean Holdings, Inc.^*		72		515
Mavenir Systems, Inc.^*		29		514
Nimble Storage, Inc.^*		23		513
Paycom Software, Inc.^*		16		513
Sapiens International Corporation N.V.^*		61		500
Alpha & Omega Semiconductor Ltd.^*		53		472
Benefitfocus, Inc.^*		12		441
Cascade Microtech, Inc.^*		32		435
QAD, Inc. — Class A		17		411
Rosetta Stone, Inc.^*		53		403
Digimarc Corp.		18		395
Globant S.A.^*		17		358
Agilysys, Inc.^*		36		354
Varonis Systems, Inc.^*		13		334
Park City Group, Inc.^*		24		331
ExOne Co.^*		24		328
MobileIron, Inc.^*		31		287
Computer Task Group, Inc.		37		270
QuickLogic Corp.^*		136		262
Rubicon Technology, Inc.^*		65		256
Castlight Health, Inc. — Class B^*		32		248
Everyday Health, Inc.^*		19		244
Guidance Software, Inc.^*		44		238
Amber Road, Inc.^*		23		213
OPOWER, Inc.^*		20		203
Five9, Inc.^*		30		167
Audience, Inc.^*		35		159

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 27.5% (continued)
Technology - 3.0% (continued)
A10 Networks, Inc.^*		32	$	139
HubSpot, Inc.^*		3		120
QAD, Inc. — Class B		–		–
Total Technology				486,838
Communications - 1.8%
Qorvo, Inc.^*		353		28,134
j2 Global, Inc.		117		7,685
Aruba Networks, Inc.^*		263		6,441
DigitalGlobe, Inc.^*		186		6,337
Houghton Mifflin Harcourt Co.^*		269		6,316
Time, Inc.		272		6,103
ViaSat, Inc.^*		102		6,080
Infinera Corp.^*		302		5,940
InterDigital, Inc.		111		5,632
Plantronics, Inc.		105		5,560
Finisar Corp.^*		255		5,442
Sinclair Broadcast Group, Inc. — Class A		169		5,308
Anixter International, Inc.^*		67		5,101
Ciena Corp.^*		259		5,001
Meredith Corp.		89		4,964
New York Times Co. — Class A		341		4,692
Polycom, Inc.^*		341		4,569
comScore, Inc.^*		86		4,403
Nexstar Broadcasting Group, Inc. — Class A		76		4,349
Shutterfly, Inc.^*		95		4,298
WebMD Health Corp. — Class A^*		96		4,208
Cogent Communications Holdings, Inc.		115		4,064
NeuStar, Inc. — Class A^*		138		3,398
LogMeIn, Inc.^*		60		3,359
Media General, Inc.^*		195		3,216
West Corp.		95		3,204
NETGEAR, Inc.^*		93		3,058
MDC Partners, Inc. — Class A		105		2,977
NIC, Inc.		161		2,845
Scholastic Corp.		65		2,661
New Media Investment Group, Inc.		110		2,632
Gogo, Inc.^*		138		2,630
Shutterstock, Inc.^*		38		2,609
ADTRAN, Inc.		139		2,595
Consolidated Communications Holdings, Inc.		124		2,529
Web.com Group, Inc.^*		128		2,426
Stamps.com, Inc.^*		35		2,355
Loral Space & Communications, Inc.^*		33		2,259
Globalstar, Inc.^*,1		674		2,244
EW Scripps Co. — Class A^*		77		2,190
Ubiquiti Networks, Inc.		73		2,157
Vonage Holdings Corp.^*		430		2,111
Ruckus Wireless, Inc.^*		160		2,059
Iridium Communications, Inc.^*		199		1,932
Harmonic, Inc.^*		253		1,875
Bankrate, Inc.^*		165		1,871
Shenandoah Telecommunications Co.		59		1,838
8x8, Inc.^*		218		1,831
Cincinnati Bell, Inc.^*		516		1,821
Perficient, Inc.^*		85		1,759
Ixia^*		142		1,722
Gray Television, Inc.^*		122		1,686
Atlantic Tele-Network, Inc.		24		1,661
Journal Communications, Inc. — Class A^*		111		1,645
Marketo, Inc.^*		63		1,614
VASCO Data Security International, Inc.^*		73		1,573
Orbitz Worldwide, Inc.^*		127		1,481
Lands' End, Inc.^*		41		1,471
Chegg, Inc.^*		182		1,447
CalAmp Corp.^*		89		1,441
Blucora, Inc.^*		104		1,421
Endurance International Group Holdings, Inc.^*		74		1,410
FTD Companies, Inc.^*		47		1,407
General Communication, Inc. — Class A^*		89		1,403
Internap Corp.^*		134		1,371
RetailMeNot, Inc.^*		76		1,369
Global Eagle Entertainment, Inc.^*		100		1,331
HealthStream, Inc.^*		52		1,310
Cumulus Media, Inc. — Class A^*		520		1,284
Gigamon, Inc.^*		60		1,275
Inteliquent, Inc.		80		1,259
Textura Corp.^*		46		1,250
XO Group, Inc.^*		66		1,166
Premiere Global Services, Inc.^*		119		1,138
ePlus, Inc.^*		13		1,130
EarthLink Holdings Corp.		253		1,123
Comtech Telecommunications Corp.		38		1,100
Comverse, Inc.^*		55		1,084
RingCentral, Inc. — Class A^*		69		1,058
ShoreTel, Inc.^*		154		1,050
World Wrestling Entertainment, Inc. — Class A		73		1,023
Spok Holdings, Inc.		53		1,016
Intralinks Holdings, Inc.^*		97		1,003
GrubHub, Inc.^*		22		999
Blue Nile, Inc.^*		30		955
Sonus Networks, Inc.^*		121		953
Harte-Hanks, Inc.		121		944
Safeguard Scientifics, Inc.^*		51		922
Lionbridge Technologies, Inc.^*		159		909
Entravision Communications Corp. — Class A		143		905
FairPoint Communications, Inc.^*		51		898
RigNet, Inc.^*		30		858
Dice Holdings, Inc.^*		96		856
Calix, Inc.^*		102		856
Black Box Corp.		39		816
ORBCOMM, Inc.^*		136		812
Intelsat S.A.^*		67		804
Extreme Networks, Inc.^*		238		752
Entercom Communications Corp. — Class A^*		61		741

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 27.5% (continued)
Communications - 1.8% (continued)
GTT Communications, Inc.^*		39	$	736
IDT Corp. — Class B		41		728
1-800-Flowers.com, Inc. — Class A^*		61		722
Hawaiian Telcom Holdco, Inc.^*		27		719
EVINE Live, Inc.^*		105		705
Overstock.com, Inc.^*		29		702
Lumos Networks Corp.		46		702
Bazaarvoice, Inc.^*		123		695
Wix.com Ltd.^*		34		651
Zendesk, Inc.^*		28		635
Angie's List, Inc.^*		108		634
VirnetX Holding Corp.^*		104		633
Liquidity Services, Inc.^*		61		603
KVH Industries, Inc.^*		39		590
Lee Enterprises, Inc.^*		185		586
Zix Corp.^*		146		574
Daily Journal Corp.^*		3		550
Limelight Networks, Inc.^*		149		541
Alliance Fiber Optic Products, Inc.		31		540
Reis, Inc.		21		538
Telenav, Inc.^*		67		531
Q2 Holdings, Inc.^*		25		529
QuinStreet, Inc.^*		86		512
ChannelAdvisor Corp.^*		51		494
Martha Stewart Living Omnimedia, Inc. — Class A^*		74		481
Procera Networks, Inc.^*		51		479
TechTarget, Inc.^*		41		473
Central European Media Enterprises Ltd. — Class A^*		174		463
TeleCommunication Systems, Inc. — Class A^*		119		456
Oclaro, Inc.^*		230		455
Boingo Wireless, Inc.^*		57		430
Clearfield, Inc.^*		28		415
Rocket Fuel, Inc.^*		45		414
Numerex Corp. — Class A^*		36		410
Marin Software, Inc.^*		65		409
Saga Communications, Inc. — Class A		9		401
Sizmek, Inc.^*		54		392
RealNetworks, Inc.^*		57		384
AH Belo Corp. — Class A		46		379
Rubicon Project, Inc.^*		20		358
Coupons.com, Inc.^*		30		352
ModusLink Global Solutions, Inc.^*		90		347
Tessco Technologies, Inc.		14		345
Crown Media Holdings, Inc. — Class A^*		86		344
TrueCar, Inc.^*		19		339
Marchex, Inc. — Class B		81		330
Cinedigm Corp. — Class A^*		188		305
magicJack VocalTec Ltd.^*		44		301
Townsquare Media, Inc. — Class A^*		23		295
McClatchy Co. — Class A^*		151		278
Cyan, Inc.^*		68		271
Millennial Media, Inc.^*		186		270
Hemisphere Media Group, Inc.^*		21		266
Wayfair, Inc. — Class A^*		8		257
Preformed Line Products Co.		6		253
YuMe, Inc.^*		45		234
Rightside Group Ltd.^*		22		223
Global Sources Ltd.^*		37		217
Tremor Video, Inc.^*		88		206
NTELOS Holdings Corp.		42		202
ParkerVision, Inc.^*		238		198
Covisint Corp.^*		94		191
Travelzoo, Inc.^*		19		183
Radio One, Inc. — Class D^*		57		176
Salem Media Group, Inc. — Class A		27		166
Dex Media, Inc.^*		36		151
Unwired Planet, Inc.^*		242		138
TubeMogul, Inc.^*		9		124
Demand Media, Inc.^*		21		120
Vringo, Inc.^*		176		114
Aerohive Networks, Inc.^*		24		107
ReachLocal, Inc.^*		33		96
Borderfree, Inc.^*		15		90
Yodlee, Inc.^*		4		54
Total Communications				295,962
Utilities - 0.9%
Dynegy, Inc.^*		303		9,524
Cleco Corp.		149		8,123
IDACORP, Inc.		124		7,796
WGL Holdings, Inc.		128		7,219
Portland General Electric Co.		193		7,158
UIL Holdings Corp.		139		7,147
Piedmont Natural Gas Company, Inc.		192		7,087
Southwest Gas Corp.		115		6,690
New Jersey Resources Corp.		208		6,460
NorthWestern Corp.		116		6,240
ALLETE, Inc.		110		5,804
PNM Resources, Inc.		197		5,752
Black Hills Corp.		110		5,548
ONE Gas, Inc.		128		5,533
Laclede Group, Inc.		106		5,429
Avista Corp.		148		5,059
South Jersey Industries, Inc.		81		4,397
American States Water Co.		96		3,830
El Paso Electric Co.		99		3,825
MGE Energy, Inc.		86		3,812
Northwest Natural Gas Co.		67		3,213
Ormat Technologies, Inc.		81		3,080
NRG Yield, Inc. — Class A		59		2,993
Otter Tail Corp.		90		2,895
California Water Service Group		118		2,892
Empire District Electric Co.		107		2,656
Abengoa Yield plc		71		2,398
Chesapeake Utilities Corp.		36		1,822
Unitil Corp.		35		1,217
SJW Corp.		39		1,205
Connecticut Water Service, Inc.		27		981
PICO Holdings, Inc.^*		56		908

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 27.5% (continued)
Utilities - 0.9% (continued)
Middlesex Water Co.		39	$	888
Atlantic Power Corp.		298		837
York Water Co.		32		777
EnerNOC, Inc.^*		67		764
Artesian Resources Corp. — Class A		19		406
Ameresco, Inc. — Class A^*		49		363
Spark Energy, Inc. — Class A		7		103
Total Utilities				152,831
Energy - 0.9%
SemGroup Corp. — Class A		105		8,541
Diamondback Energy, Inc.^*		109		8,375
Western Refining, Inc.		130		6,420
Delek US Holdings, Inc.		146		5,803
Carrizo Oil & Gas, Inc.^*		112		5,560
Exterran Holdings, Inc.		145		4,867
Bristow Group, Inc.		88		4,791
PDC Energy, Inc.^*		88		4,756
SEACOR Holdings, Inc.^*		60		4,180
Matador Resources Co.^*		181		3,968
Helix Energy Solutions Group, Inc.^*		260		3,890
Pattern Energy Group, Inc.		107		3,030
Forum Energy Technologies, Inc.^*		147		2,881
Green Plains, Inc.		92		2,627
Rosetta Resources, Inc.^*		151		2,570
TerraForm Power, Inc. — Class A		70		2,556
SunCoke Energy, Inc.		170		2,540
Bonanza Creek Energy, Inc.^*		96		2,367
Synergy Resources Corp.^*		197		2,334
McDermott International, Inc.^*		586		2,250
Parsley Energy, Inc. — Class A^*		131		2,093
Stone Energy Corp.^*		139		2,041
Flotek Industries, Inc.^*		133		1,961
Newpark Resources, Inc.^*		209		1,904
Thermon Group Holdings, Inc.^*		79		1,901
Hornbeck Offshore Services, Inc.^*		90		1,693
Sanchez Energy Corp.^*		126		1,639
Primoris Services Corp.		94		1,616
CARBO Ceramics, Inc.		49		1,495
RSP Permian, Inc.^*		58		1,461
Magnum Hunter Resources Corp.^*		488		1,303
C&J Energy Services Ltd.^*		114		1,269
TETRA Technologies, Inc.^*		195		1,205
Northern Oil and Gas, Inc.^*		151		1,164
Triangle Petroleum Corp.^*		227		1,142
Matrix Service Co.^*		65		1,141
Alon USA Energy, Inc.		65		1,077
Plug Power, Inc.^*		412		1,067
Penn Virginia Corp.^*		162		1,050
Parker Drilling Co.^*		299		1,044
Bill Barrett Corp.^*		123		1,021
Callon Petroleum Co.^*		135		1,008
Gulfmark Offshore, Inc. — Class A		77		1,004
Westmoreland Coal Co.^*		37		990
Halcon Resources Corp.^*		639		984
Tesco Corp.		86		978
Contango Oil & Gas Co.^*		43		946
PHI, Inc.^*		31		932
Clean Energy Fuels Corp.^*		172		918
REX American Resources Corp.^*		15		912
Cloud Peak Energy, Inc.^*		150		873
Energy XXI Ltd.		231		841
Pioneer Energy Services Corp.^*		155		840
Renewable Energy Group, Inc.^*		85		784
Abraxas Petroleum Corp.^*		228		741
FuelCell Energy, Inc.^*		575		719
Clayton Williams Energy, Inc.^*		14		709
Panhandle Oil and Gas, Inc. — Class A		35		693
ION Geophysical Corp.^*		319		692
EXCO Resources, Inc.		375		686
Approach Resources, Inc.^*		97		639
Pacific Ethanol, Inc.^*		59		637
Trecora Resources^*		49		598
Natural Gas Services Group, Inc.^*		31		596
Enphase Energy, Inc.^*		45		594
Key Energy Services, Inc.^*		323		588
Alpha Natural Resources, Inc.^*,1		546		546
Geospace Technologies Corp.^*		33		545
FutureFuel Corp.		53		544
Basic Energy Services, Inc.^*		78		541
Gulf Island Fabrication, Inc.		36		535
Solazyme, Inc.^*		187		535
Arch Coal, Inc.^*,1		521		521
Gastar Exploration, Inc.^*		173		453
Rex Energy Corp.^*		119		443
W&T Offshore, Inc.		86		439
Eclipse Resources Corp.^*		75		422
Comstock Resources, Inc.		117		418
Adams Resources & Energy, Inc.		5		336
PetroQuest Energy, Inc.^*		144		331
Willbros Group, Inc.^*		99		328
Jones Energy, Inc. — Class A^*		34		305
Hallador Energy Co.		26		304
Goodrich Petroleum Corp.^*		85		302
TransAtlantic Petroleum Ltd.^*		56		299
VAALCO Energy, Inc.^*		122		299
Evolution Petroleum Corp.		49		292
Isramco, Inc.^*		2		252
Swift Energy Co.^*		107		231
Warren Resources, Inc.^*		254		226
North Atlantic Drilling Ltd.		176		204
Independence Contract Drilling, Inc.^*		25		174
FX Energy, Inc.^*		133		166
Vantage Drilling Co.^*		507		166
Hercules Offshore, Inc.^*		396		166
Amyris, Inc.^*		67		161
Vivint Solar, Inc.^*		13		158
Mitcham Industries, Inc.^*		32		147
Emerald Oil, Inc.^*		187		138
Nuverra Environmental Solutions, Inc.^*		37		132

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 27.5% (continued)
Energy - 0.9% (continued)
Vertex Energy, Inc.^*		32	$	118
FMSA Holdings, Inc.^*		16		116
Resolute Energy Corp.^*		192		108
Walter Energy, Inc.		161		100
Midstates Petroleum Company, Inc.^*		92		78
Glori Energy, Inc.^*		31		66
Profire Energy, Inc.^*		37		50
Miller Energy Resources, Inc.^*		74		46
Harvest Natural Resources, Inc.^*		103		46
American Eagle Energy Corp.^*		75		14
Total Energy				146,296
Basic Materials - 0.9%
Sensient Technologies Corp.		122		8,403
PolyOne Corp.		220		8,217
Axiall Corp.		173		8,120
Olin Corp.		195		6,248
Minerals Technologies, Inc.		85		6,214
HB Fuller Co.		123		5,273
Chemtura Corp.^*		179		4,885
US Silica Holdings, Inc.		133		4,737
Commercial Metals Co.		290		4,695
Balchem Corp.		75		4,154
Stillwater Mining Co.^*		296		3,825
A. Schulman, Inc.		72		3,470
Schweitzer-Mauduit International, Inc.		75		3,460
Kaiser Aluminum Corp.		44		3,382
Worthington Industries, Inc.		127		3,379
Clearwater Paper Corp.^*		51		3,330
Tronox Ltd. — Class A		152		3,090
Innophos Holdings, Inc.		54		3,043
Globe Specialty Metals, Inc.		157		2,970
PH Glatfelter Co.		106		2,918
Quaker Chemical Corp.		33		2,826
Innospec, Inc.		60		2,783
Resolute Forest Products, Inc.^*		161		2,777
Calgon Carbon Corp.		131		2,760
Hecla Mining Co.		906		2,700
Neenah Paper, Inc.		41		2,564
OM Group, Inc.		79		2,372
Ferro Corp.^*		177		2,221
Stepan Co.		48		2,000
Materion Corp.		51		1,960
AK Steel Holding Corp.^*		432		1,931
Deltic Timber Corp.		27		1,789
Century Aluminum Co.^*		127		1,753
Horsehead Holding Corp.^*		138		1,747
Kraton Performance Polymers, Inc.^*		81		1,637
Intrepid Potash, Inc.^*		138		1,594
Aceto Corp.		71		1,562
Coeur Mining, Inc.^*		255		1,201
Schnitzer Steel Industries, Inc. — Class A		65		1,031
OMNOVA Solutions, Inc.^*		117		998
Wausau Paper Corp.		104		991
Hawkins, Inc.		26		988
Koppers Holdings, Inc.		50		984
Zep, Inc.		57		971
Landec Corp.^*		66		921
American Vanguard Corp.		71		754
Kronos Worldwide, Inc.		52		658
KMG Chemicals, Inc.		24		642
Rentech, Inc.^*		559		626
Orchids Paper Products Co.		20		539
Ring Energy, Inc.^*		50		531
Universal Stainless & Alloy Products, Inc.^*		18		472
Oil-Dri Corporation of America		12		404
Noranda Aluminum Holding Corp.		109		324
United States Lime & Minerals, Inc.		5		323
Gold Resource Corp.		92		293
Shiloh Industries, Inc.^*		20		281
Molycorp, Inc.^*,1		447		172
Ryerson Holding Corp.^*		27		172
Total Basic Materials				145,065
Health Care - 0.1%
Spark Therapeutics, Inc.^*		20		1,550
Providence Service Corp.^*		29		1,541
Dynavax Technologies Corp.^*		64		1,436
PRA Health Sciences, Inc.^*		47		1,355
Diplomat Pharmacy, Inc.^*		37		1,279
Genesis Healthcare, Inc.^*		93		662
FibroGen, Inc.^*		5		157
Calithera Biosciences, Inc.^*		4		66
Symmetry Surgical, Inc.^*		4		29
Second Sight Medical Products, Inc.^*		2		26
Total Health Care				8,101
Diversified - 0.0%
Horizon Pharma plc^*		161		4,180
National Bank Holdings Corp. — Class A		137		2,577
FCB Financial Holdings, Inc. — Class A^*		21		575
Resource America, Inc. — Class A		37		337
Tiptree Financial, Inc. — Class A		28		186
Total Diversified				7,855
Consumer Discretionary - 0.0%
Cimpress N.V.^*		82		6,918
Travelport Worldwide Ltd.		18		301
Freshpet, Inc.^*		6		117
Habit Restaurants, Inc. — Class A^*		3		97
Dave & Buster's Entertainment, Inc.^*		3		91
Boot Barn Holdings, Inc.^*		3		72
Total Consumer Discretionary				7,596
Consumer Staples - 0.0%
HRG Group, Inc.^*		205		2,558

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 27.5% (continued)
Government - 0.0%
Banco Latinoamericano de Comercio Exterior S.A. — Class E		73	$	2,394
Industrials - 0.0%
Kimball Electronics, Inc.^*		63		891
FRP Holdings, Inc.^*		16		582
Virgin America, Inc.^*		10		304
Patriot Transportation Holding, Inc.^*		5		125
Total Industrials				1,902
Total Common Stocks
(Cost $2,823,295)				4,468,584

WARRANTS^†† - 0.0%
Tejon Ranch Co.
$10.50, 08/31/16*,^†		17		14
Magnum Hunter Resources Corp.
$8.50, 04/15/16*		113		–
Imperial Holdings, Inc.*
$10.75, 10/06/19		2		–
Total Warrants
(Cost $95)				14

RIGHTS^† - 0.0%
Leap Wireless International, Inc.
Expires 09/17/15*^†††,		306		772
Furiex Pharmaceuticals, Inc.
Expires 07/03/17*^†††,		25		244
Omthera Pharmaceuticals, Inc.
Expires 12/31/20*^†††,		37		22
Total Rights
(Cost $359)				1,038

MUTUAL FUNDS^† - 2.9%
Guggenheim Strategy Fund I²		18,790		467,867
Total Mutual Funds
(Cost $466,743)				467,867

	Face Amount
REPURCHASE AGREEMENTS^††^,3 - 35.6%
RBC Capital Markets issued 03/31/15 at 0.05% due 04/01/15	$	1,923,606		1,923,606
HSBC Group issued 03/31/15 at 0.03% due 04/01/15		1,923,606		1,923,606
UMB Financial Corp. issued 03/31/15 at 0.03% due 04/01/15		1,920,076		1,920,076
Total Repurchase Agreements
(Cost $5,767,288)				5,767,288

SECURITIES LENDING COLLATERAL^††^,4 - 0.1%
Repurchase Agreements
HSBC Securities, Inc. issued 03/31/15 at 0.10% due 04/01/15		6,782		6,782
BNP Paribas Securities Corp. issued 03/31/15 at 0.10% due 04/01/15		2,333		2,333
Barclays Capital, Inc. issued 03/31/15 at 0.10% due 04/01/15		1,204		1,204
Total Securities Lending Collateral
(Cost $10,319)				10,319
Total Investments - 66.1%
(Cost $9,068,099)			$	10,715,110
Other Assets & Liabilities, net - 33.9%				5,488,486
Total Net Assets - 100.0%			$	16,203,596

	Contracts		Unrealized Gain
EQUITY FUTURES CONTRACTS PURCHASED^†
June 2015 Russell 2000 Index Mini Futures Contracts (Aggregate Value of Contracts $3,747,600)		30	$	2,370

	Units
OTC EQUITY INDEX SWAP AGREEMENTS^††
Goldman Sachs International April 2015 Russell 2000 Index Swap, Terminating 04/28/15⁵ (Notional Value $12,577,480)		10,040	$	215,945
Credit Suisse Capital, LLC April 2015 Russell 2000 Index Swap, Terminating 04/28/15⁵ (Notional Value $1,122,441)		896		19,245
Barclays Bank plc April 2015 Russell 2000 Index Swap, Terminating 04/30/15⁵ (Notional Value $2,532,977)		2,022		2,038
(Total Notional Value $16,232,898)			$	237,228

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs, unless otherwise noted — See Note 3.
^††	Value determined based on Level 2 inputs, unless otherwise noted — See Note 3.
^†††	Value determined based on Level 3 inputs — See Note 3.
¹	All or portion of this security is on loan at March 31, 2015 — See Note 5.
²	Investment in a product that is managed by and/or pays a management fee to a party related to the Adviser — See Note 7.
³	Repurchase Agreements — See Note 4.
⁴	Securities lending collateral -— See Note 5.
⁵	Total Return based on Russell 2000 Index +/- financing at a variable rate.

	plc — Public Limited Company
	REIT — Real Estate Investment Trust

Russell 2000^® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 26.1%
Financial - 6.3%
LaSalle Hotel Properties		96	$	3,730
Investors Bancorp, Inc.		307		3,598
Highwoods Properties, Inc.		77		3,525
RLJ Lodging Trust		112		3,507
CubeSmart		139		3,357
First American Financial Corp.		92		3,282
Prosperity Bancshares, Inc.		60		3,149
Stifel Financial Corp.^*		56		3,123
CNO Financial Group, Inc.		176		3,031
EPR Properties		49		2,941
Sunstone Hotel Investors, Inc.		176		2,934
Sovran Self Storage, Inc.		31		2,912
Webster Financial Corp.		78		2,889
Strategic Hotels & Resorts, Inc.^*		230		2,859
Pebblebrook Hotel Trust		61		2,841
MGIC Investment Corp.^*		291		2,802
Radian Group, Inc.		164		2,754
Sun Communities, Inc.		41		2,736
GEO Group, Inc.		62		2,712
FirstMerit Corp.		142		2,707
Bank of the Ozarks, Inc.		73		2,697
MarketAxess Holdings, Inc.		32		2,652
Medical Properties Trust, Inc.		178		2,624
DCT Industrial Trust, Inc.		71		2,461
Umpqua Holdings Corp.		143		2,456
Primerica, Inc.		47		2,392
Colony Capital, Inc. — Class A		92		2,386
DiamondRock Hospitality Co.		168		2,374
PRA Group, Inc.^*		43		2,336
Healthcare Realty Trust, Inc.		82		2,277
National Health Investors, Inc.		32		2,272
Ryman Hospitality Properties, Inc.		37		2,254
United Bankshares, Inc.		59		2,217
Susquehanna Bancshares, Inc.		161		2,207
Janus Capital Group, Inc.		128		2,200
PrivateBancorp, Inc. — Class A		61		2,145
Hancock Holding Co.		71		2,120
First Citizens BancShares, Inc. — Class A		8		2,078
First Industrial Realty Trust, Inc.		95		2,035
Acadia Realty Trust		58		2,023
Cousins Properties, Inc.		189		2,003
WisdomTree Investments, Inc.		92		1,974
FNB Corp.		149		1,958
RLI Corp.		37		1,939
Cathay General Bancorp		68		1,934
Western Alliance Bancorporation^*		65		1,926
Wintrust Financial Corp.		40		1,907
BancorpSouth, Inc.		82		1,904
Texas Capital Bancshares, Inc.^*		39		1,897
Washington Federal, Inc.		87		1,897
American Equity Investment Life Holding Co.		64		1,864
Hudson Pacific Properties, Inc.		56		1,858
Valley National Bancorp		195		1,841
Financial Engines, Inc.		44		1,841
New Residential Investment Corp.		121		1,819
Alexander & Baldwin, Inc.		42		1,814
DuPont Fabros Technology, Inc.		55		1,797
MB Financial, Inc.		57		1,785
Lexington Realty Trust		176		1,730
IBERIABANK Corp.		27		1,702
UMB Financial Corp.		32		1,692
Sabra Health Care REIT, Inc.		51		1,691
Invesco Mortgage Capital, Inc.		106		1,646
EastGroup Properties, Inc.		27		1,624
Kennedy-Wilson Holdings, Inc.		62		1,621
Blackhawk Network Holdings, Inc.^*		45		1,610
Glacier Bancorp, Inc.		64		1,610
WageWorks, Inc.^*		30		1,600
Chambers Street Properties		203		1,600
Chesapeake Lodging Trust		47		1,590
Washington Real Estate Investment Trust		57		1,575
Home BancShares, Inc.		46		1,559
Capitol Federal Financial, Inc.		123		1,537
Symetra Financial Corp.		65		1,525
Equity One, Inc.		57		1,521
First Financial Bankshares, Inc.		55		1,520
Hatteras Financial Corp.		83		1,507
Empire State Realty Trust, Inc. — Class A		79		1,486
AmTrust Financial Services, Inc.		26		1,482
Mack-Cali Realty Corp.		76		1,465
New York REIT, Inc.		139		1,457
CVB Financial Corp.		91		1,451
Evercore Partners, Inc. — Class A		28		1,446
Kemper Corp.		37		1,441
South State Corp.		21		1,437
Old National Bancorp		101		1,433
Columbia Banking System, Inc.		49		1,420
BGC Partners, Inc. — Class A		150		1,418
Education Realty Trust, Inc.		40		1,415
PS Business Parks, Inc.		17		1,412
Retail Opportunity Investments Corp.		77		1,409
Trustmark Corp.		58		1,408
EverBank Financial Corp.		78		1,406
Potlatch Corp.		35		1,401
Selective Insurance Group, Inc.		48		1,394
LTC Properties, Inc.		30		1,380
Pinnacle Financial Partners, Inc.		31		1,378
Pennsylvania Real Estate Investment Trust		59		1,370
PennyMac Mortgage Investment Trust		64		1,363
Government Properties Income Trust		59		1,348
American Assets Trust, Inc.		31		1,342
Ellie Mae, Inc.^*		24		1,327
Redwood Trust, Inc.		71		1,269
Argo Group International Holdings Ltd.		25		1,253

Russell 2000^® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 26.1% (continued)
Financial - 6.3% (continued)
Hilltop Holdings, Inc.^*		64	$	1,244
Community Bank System, Inc.		35		1,239
CYS Investments, Inc.		139		1,238
Aircastle Ltd.		55		1,236
FelCor Lodging Trust, Inc.		107		1,229
Ramco-Gershenson Properties Trust		66		1,228
International Bancshares Corp.		47		1,222
BofI Holding, Inc.^*		13		1,210
Associated Estates Realty Corp.		49		1,209
Horace Mann Educators Corp.		35		1,197
Montpelier Re Holdings Ltd.		31		1,192
Parkway Properties, Inc.		68		1,180
Credit Acceptance Corp.^*		6		1,170
STAG Industrial, Inc.		49		1,152
National Penn Bancshares, Inc.		106		1,142
Gramercy Property Trust, Inc.		40		1,130
First Midwest Bancorp, Inc.		65		1,129
Hersha Hospitality Trust		172		1,113
Springleaf Holdings, Inc.^*		21		1,087
PHH Corp.^*		44		1,063
Physicians Realty Trust		60		1,057
HFF, Inc. — Class A		28		1,051
Sterling Bancorp		78		1,046
Summit Hotel Properties, Inc.		73		1,027
Altisource Residential Corp.		49		1,022
Home Loan Servicing Solutions Ltd.		61		1,009
St. Joe Co.^*		54		1,002
Westamerica Bancorporation		23		994
Enstar Group Ltd.^*		7		993
Franklin Street Properties Corp.		77		987
BBCN Bancorp, Inc.		68		984
ARMOUR Residential REIT, Inc.		307		973
Chatham Lodging Trust		33		971
Provident Financial Services, Inc.		52		970
Capstead Mortgage Corp.		82		965
Independent Bank Corp.		22		964
Eagle Bancorp, Inc.^*		25		960
Northwest Bancshares, Inc.		81		960
Astoria Financial Corp.		74		958
Greenhill & Company, Inc.		24		952
iStar Financial, Inc.^*		73		949
Ambac Financial Group, Inc.^*		39		944
Park National Corp.		11		941
NBT Bancorp, Inc.		37		927
Encore Capital Group, Inc.^*		22		915
Alexander's, Inc.		2		913
WesBanco, Inc.		28		912
Simmons First National Corp. — Class A		20		909
Essent Group Ltd.^*		38		909
First Financial Bancorp		50		891
Union Bankshares Corp.		40		888
Investment Technology Group, Inc.^*		29		879
Starwood Waypoint Residential Trust		34		879
Chemical Financial Corp.		28		878
CoreSite Realty Corp.		18		876
CyrusOne, Inc.		28		871
Apollo Commercial Real Estate Finance, Inc.		50		859
Nelnet, Inc. — Class A		18		852
Terreno Realty Corp.		37		844
Boston Private Financial Holdings, Inc.		69		838
Infinity Property & Casualty Corp.		10		821
LegacyTexas Financial Group, Inc.		36		818
United Community Banks, Inc.		43		812
Renasant Corp.		27		811
Inland Real Estate Corp.		75		802
Select Income REIT		32		800
S&T Bancorp, Inc.		28		795
American Capital Mortgage Investment Corp.		44		790
Kite Realty Group Trust		28		789
Virtus Investment Partners, Inc.		6		785
Banner Corp.		17		779
Rexford Industrial Realty, Inc.		49		775
Greenlight Capital Re Ltd. — Class A^*		24		763
AMERISAFE, Inc.		16		740
Piper Jaffray Cos.^*		14		734
Stewart Information Services Corp.		18		732
First Merchants Corp.		31		730
Excel Trust, Inc.		52		729
First Commonwealth Financial Corp.		81		729
Employers Holdings, Inc.		27		729
Investors Real Estate Trust		96		720
Navigators Group, Inc.^*		9		701
Tompkins Financial Corp.		13		700
New York Mortgage Trust, Inc.		90		698
Cohen & Steers, Inc.		17		696
Third Point Reinsurance Ltd.^*		49		693
Universal Insurance Holdings, Inc.		27		691
Ameris Bancorp		26		686
Safety Insurance Group, Inc.		11		657
Ashford Hospitality Trust, Inc.		68		654
Maiden Holdings Ltd.		43		638
OFG Bancorp		39		636
STORE Capital Corp.		27		630
State Bank Financial Corp.		30		630
Aviv REIT, Inc.		17		621
Brookline Bancorp, Inc.		61		613
City Holding Co.		13		611
Berkshire Hills Bancorp, Inc.		22		609
Northfield Bancorp, Inc.		41		608
Rouse Properties, Inc.		32		607
WSFS Financial Corp.		8		605
Southside Bancshares, Inc.		21		602
Wilshire Bancorp, Inc.		60		598
TowneBank		37		595
First Potomac Realty Trust		50		595

Russell 2000^® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 26.1% (continued)
Financial - 6.3% (continued)
Sandy Spring Bancorp, Inc.		22	$	577
United Fire Group, Inc.		18		572
InfraREIT, Inc.		20		572
Hanmi Financial Corp.		27		571
Lakeland Financial Corp.		14		568
Oritani Financial Corp.		39		567
Universal Health Realty Income Trust		10		563
Cass Information Systems, Inc.		10		561
National General Holdings Corp.		30		561
TrustCo Bank Corp. NY		81		557
Capital Bank Financial Corp. — Class A^*		20		552
First BanCorp^*		89		552
Cedar Realty Trust, Inc.		73		547
Western Asset Mortgage Capital Corp.		36		543
Cardinal Financial Corp.		27		539
Customers Bancorp, Inc.^*		22		536
Monmouth Real Estate Investment Corp.		48		533
Urstadt Biddle Properties, Inc. — Class A		23		530
United Financial Bancorp, Inc.		42		522
Flushing Financial Corp.		26		522
Walter Investment Management Corp.^*		32		517
Cowen Group, Inc. — Class A^*		99		515
World Acceptance Corp.^*		7		510
National Western Life Insurance Co. — Class A		2		509
Resource Capital Corp.		111		504
American Residential Properties, Inc.^*		28		504
Silver Bay Realty Trust Corp.		31		501
Washington Trust Bancorp, Inc.		13		496
FBL Financial Group, Inc. — Class A		8		496
Agree Realty Corp.		15		495
RAIT Financial Trust		71		487
KCG Holdings, Inc. — Class A^*		39		478
Forestar Group, Inc.^*		30		473
GAMCO Investors, Inc. — Class A		6		471
Anworth Mortgage Asset Corp.		91		463
Acacia Research Corp.		43		460
TriCo Bancshares		19		458
Saul Centers, Inc.		8		458
Arlington Asset Investment Corp. — Class A		19		457
Heartland Financial USA, Inc.		14		457
AG Mortgage Investment Trust, Inc.		24		452
Dime Community Bancshares, Inc.		28		451
Stock Yards Bancorp, Inc.		13		448
Apollo Residential Mortgage, Inc.		28		447
First Interstate BancSystem, Inc. — Class A		16		445
Heritage Financial Corp.		26		442
QTS Realty Trust, Inc. — Class A		12		437
Enova International, Inc.^*		22		433
Community Trust Bancorp, Inc.		13		431
First NBC Bank Holding Co.^*		13		429
Bryn Mawr Bank Corp.		14		426
Hannon Armstrong Sustainable Infrastructure Capital, Inc.		23		420
1st Source Corp.		13		418
First Busey Corp.		62		415
Campus Crest Communities, Inc.		56		401
Getty Realty Corp.		22		400
Dynex Capital, Inc.		47		398
OM Asset Management plc		21		391
International. FCStone, Inc.^*		13		386
Waterstone Financial, Inc.		30		385
CoBiz Financial, Inc.		31		382
Lakeland Bancorp, Inc.		33		380
ConnectOne Bancorp, Inc.		19		370
CenterState Banks, Inc.		31		369
Federated National Holding Co.		12		367
BancFirst Corp.		6		366
Meadowbrook Insurance Group, Inc.		43		366
Westwood Holdings Group, Inc.		6		362
First Financial Corp.		10		359
Great Southern Bancorp, Inc.		9		355
MainSource Financial Group, Inc.		18		354
Ashford Hospitality Prime, Inc.		21		352
Great Western Bancorp, Inc.		16		352
Enterprise Financial Services Corp.		17		351
HomeStreet, Inc.^*		19		348
Yadkin Financial Corp.^*		17		345
Banc of California, Inc.		28		345
Central Pacific Financial Corp.		15		345
Hudson Valley Holding Corp.		13		332
Ladenburg Thalmann Financial Services, Inc.^*		86		332
Metro Bancorp, Inc.		12		331
CareTrust REIT, Inc.		24		325
Clifton Bancorp, Inc.		23		325
German American Bancorp, Inc.		11		324
NMI Holdings, Inc. — Class A^*		43		322
HCI Group, Inc.		7		321
Diamond Hill Investment Group, Inc.		2		320
Blue Hills Bancorp, Inc.^*		24		317
Gladstone Commercial Corp.		17		316
Beneficial Bancorp, Inc.^*		28		316
State Auto Financial Corp.		13		316
United Insurance Holdings Corp.		14		315
Independent Bank Group, Inc.		8		311
BNC Bancorp		17		308
Peoples Bancorp, Inc.		13		307
Southwest Bancorp, Inc.		17		302
Whitestone REIT — Class B		19		302
RE/MAX Holdings, Inc. — Class A		9		299

Russell 2000^® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 26.1% (continued)
Financial - 6.3% (continued)
First Bancorp		17	$	299
Bank Mutual Corp.		40		293
Pacific Premier Bancorp, Inc.^*		18		291
OneBeacon Insurance Group Ltd. — Class A		19		289
HomeTrust Bancshares, Inc.^*		18		287
Peapack Gladstone Financial Corp.		13		281
West Bancorporation, Inc.		14		278
CorEnergy Infrastructure Trust, Inc.		40		277
Univest Corporation of Pennsylvania		14		277
Ares Commercial Real Estate Corp.		25		276
Financial Institutions, Inc.		12		275
Preferred Bank/Los Angeles CA		10		275
Mercantile Bank Corp.		14		274
Stonegate Bank		9		272
Park Sterling Corp.		38		270
NewStar Financial, Inc.^*		23		270
Peoples Financial Services Corp.		6		269
One Liberty Properties, Inc.		11		269
Walker & Dunlop, Inc.^*		15		266
Caesars Acquisition Co. — Class A^*		39		265
First Defiance Financial Corp.		8		263
Marcus & Millichap, Inc.^*		7		262
NewBridge Bancorp		29		259
Bridge Bancorp, Inc.		10		258
Independent Bank Corp.		20		257
First of Long Island Corp.		10		255
Bank of Marin Bancorp		5		255
Federal Agricultural Mortgage Corp. — Class C		9		254
Bancorp, Inc.^*		28		253
Phoenix Companies, Inc.^*		5		250
Flagstar Bancorp, Inc.^*		17		247
First Community Bancshares, Inc.		14		245
Bank of Kentucky Financial Corp.		5		245
Arrow Financial Corp.		9		244
Seacoast Banking Corporation of Florida^*		17		243
Ladder Capital Corp. — Class A		13		241
Camden National Corp.		6		239
Consolidated-Tomoka Land Co.		4		239
Suffolk Bancorp		10		238
Fidelity Southern Corp.		14		236
United Community Financial Corp.		43		235
Citizens, Inc.^*		38		234
Talmer Bancorp, Inc. — Class A		15		230
Pacific Continental Corp.		17		225
Meridian Bancorp, Inc.^*		17		224
Armada Hoffler Properties, Inc.		21		224
Republic Bancorp, Inc. — Class A		9		223
Citizens & Northern Corp.		11		222
Guaranty Bancorp		13		220
State National Companies, Inc.		22		219
FRP Holdings, Inc.^*		6		218
First Connecticut Bancorp, Inc.		14		215
On Deck Capital, Inc.^*		10		213
Fidelity & Guaranty Life		10		212
Oppenheimer Holdings, Inc. — Class A		9		211
BankFinancial Corp.		16		210
Bridge Capital Holdings^*		8		209
Anchor BanCorp Wisconsin, Inc.^*		6		208
Crawford & Co. — Class B		24		207
OceanFirst Financial Corp.		12		207
CU Bancorp^*		9		205
CNB Financial Corp.		12		204
Calamos Asset Management, Inc. — Class A		15		202
TriState Capital Holdings, Inc.^*		19		199
Meta Financial Group, Inc.		5		199
Penns Woods Bancorp, Inc.		4		196
Gain Capital Holdings, Inc.		20		195
Global Indemnity plc — Class A^*		7		194
Easterly Government Properties, Inc.^*		12		193
UMH Properties, Inc.		19		191
Baldwin & Lyons, Inc. — Class B		8		188
CatchMark Timber Trust, Inc. — Class A		16		188
Horizon Bancorp		8		187
PennyMac Financial Services, Inc. — Class A^*		11		187
Altisource Asset Management Corp.^*		1		185
Moelis & Co. — Class A		6		181
National Bankshares, Inc.		6		179
Atlas Financial Holdings, Inc.^*		10		177
Ames National Corp.		7		174
MidWestOne Financial Group, Inc.		6		173
Charter Financial Corp.		15		173
National Interstate Corp.		6		168
Fox Chase Bancorp, Inc.		10		168
Sierra Bancorp		10		167
Territorial Bancorp, Inc.		7		166
Heritage Commerce Corp.		18		164
Kearny Financial Corp.^*		12		163
Square 1 Financial, Inc. — Class A^*		6		161
American National Bankshares, Inc.		7		158
Heritage Oaks Bancorp		19		158
Manning & Napier, Inc. — Class A		12		156
First Financial Northwest, Inc.		12		148
Northrim BanCorp, Inc.		6		147
Capital City Bank Group, Inc.		9		146
Altisource Portfolio Solutions S.A.^*		11		142

Russell 2000^® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 26.1% (continued)
Financial - 6.3% (continued)
eHealth, Inc.^*		15	$	141
Marlin Business Services Corp.		7		140
First Bancorp, Inc.		8		140
FBR & Co.^*		6		139
Kansas City Life Insurance Co.		3		138
EMC Insurance Group, Inc.		4		135
Owens Realty Mortgage, Inc.		9		135
Regional Management Corp.^*		9		133
Sun Bancorp, Inc.^*		7		132
Heritage Insurance Holdings, Inc.^*		6		132
BBX Capital Corp. — Class A^*		7		130
Stonegate Mortgage Corp.^*		12		130
First Business Financial Services, Inc.		3		130
Cascade Bancorp^*		27		130
Enterprise Bancorp, Inc.		6		128
Hallmark Financial Services, Inc.^*		12		127
Consumer Portfolio Services, Inc.^*		18		126
Opus Bank		4		124
Century Bancorp, Inc. — Class A		3		119
Ashford, Inc.^*		1		119
Macatawa Bank Corp.		22		118
Merchants Bancshares, Inc.		4		117
Trade Street Residential, Inc.		16		115
Old Line Bancshares, Inc.		7		111
Donegal Group, Inc. — Class A		7		110
JG Wentworth Co. — Class A^*		10		104
MidSouth Bancorp, Inc.		7		103
CommunityOne Bancorp^*		10		98
Republic First Bancorp, Inc.^*		27		98
Triumph Bancorp, Inc.^*		7		96
Independence Holding Co.		7		95
Pzena Investment Management, Inc. — Class A		10		92
RCS Capital Corp. — Class A		8		85
Nicholas Financial, Inc.^*		6		84
FXCM, Inc. — Class A		39		83
Palmetto Bancshares, Inc.		4		76
Silvercrest Asset Management Group, Inc. — Class A		5		71
Higher One Holdings, Inc.^*		29		70
ServisFirst Bancshares, Inc.		2		66
Great Ajax Corp.^*		4		58
Fifth Street Asset Management, Inc.		5		56
C1 Financial, Inc.^*		3		56
Trupanion, Inc.^*		7		56
Medley Management, Inc. — Class A		5		55
Hampton Roads Bankshares, Inc.^*		29		55
GFI Group, Inc.		9		53
Green Bancorp, Inc.^*		4		45
CIFC Corp.		5		38
Total Financial				370,704
Isis Pharmaceuticals, Inc.^*		101		6,430
Puma Biotechnology, Inc.^*		21		4,958
DexCom, Inc.^*		64		3,989
West Pharmaceutical Services, Inc.		61		3,672
STERIS Corp.		51		3,584
WEX, Inc.^*		33		3,543
Team Health Holdings, Inc.^*		60		3,510
WellCare Health Plans, Inc.^*		38		3,476
Cepheid^*		60		3,413
PAREXEL International Corp.^*		49		3,380
HealthSouth Corp.		76		3,371
United Natural Foods, Inc.^*		43		3,313
Receptos, Inc.^*		19		3,132
TreeHouse Foods, Inc.^*		36		3,060
Deluxe Corp.		43		2,978
Neurocrine Biosciences, Inc.^*		72		2,859
Impax Laboratories, Inc.^*		60		2,812
Pacira Pharmaceuticals, Inc.^*		31		2,754
Acadia Healthcare Company, Inc.^*		37		2,650
Euronet Worldwide, Inc.^*		44		2,586
Akorn, Inc.^*		54		2,566
Bluebird Bio, Inc.^*		21		2,536
Cimpress N.V.^*		29		2,447
ABIOMED, Inc.^*		34		2,434
OPKO Health, Inc.^*		169		2,395
Celldex Therapeutics, Inc.^*		84		2,341
Corporate Executive Board Co.		29		2,317
ACADIA Pharmaceuticals, Inc.^*		68		2,216
Amsurg Corp. — Class A^*		36		2,215
Sotheby's		52		2,198
Post Holdings, Inc.^*		45		2,108
Helen of Troy Ltd.^*		25		2,037
SUPERVALU, Inc.^*		174		2,023
Haemonetics Corp.^*		45		2,021
Darling Ingredients, Inc.^*		141		1,975
Dyax Corp.^*		117		1,960
Synageva BioPharma Corp.^*		20		1,951
Healthcare Services Group, Inc.		60		1,928
Thoratec Corp.^*		46		1,926
Advisory Board Co.^*		36		1,918
Prestige Brands Holdings, Inc.^*		44		1,887
Boston Beer Company, Inc. — Class A^*		7		1,872
NuVasive, Inc.^*		40		1,840
Owens & Minor, Inc.		54		1,827
Chemed Corp.		15		1,792
Monro Muffler Brake, Inc.		27		1,756
Molina Healthcare, Inc.^*		26		1,750
Grand Canyon Education, Inc.^*		40		1,731
Magellan Health, Inc.^*		24		1,700
On Assignment, Inc.^*		44		1,688
Novavax, Inc.^*		204		1,687
Exact Sciences Corp.^*		76		1,674
Ironwood Pharmaceuticals, Inc. — Class A^*		103		1,648
Anacor Pharmaceuticals, Inc.^*		28		1,620
Insulet Corp.^*		48		1,601
Kindred Healthcare, Inc.		67		1,595

Russell 2000^® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 26.1% (continued)
Consumer, Non-cyclical - 5.8% (continued)
Sanderson Farms, Inc.		20	$	1,593
Air Methods Corp.^*		34		1,584
Medicines Co.^*		56		1,569
Clovis Oncology, Inc.^*		21		1,559
ABM Industries, Inc.		48		1,529
Lancaster Colony Corp.		16		1,522
Fresh Market, Inc.^*		37		1,504
Cyberonics, Inc.^*		23		1,493
Lannett Company, Inc.^*		22		1,490
Portola Pharmaceuticals, Inc.^*		39		1,480
Heartland Payment Systems, Inc.		31		1,452
Intrexon Corp.^*		32		1,452
Neogen Corp.^*		31		1,449
Cardtronics, Inc.^*		38		1,429
Vector Group Ltd.		65		1,427
Globus Medical, Inc. — Class A^*		56		1,413
Korn/Ferry International		43		1,413
J&J Snack Foods Corp.		13		1,387
Cantel Medical Corp.		29		1,378
B&G Foods, Inc.		46		1,354
Matthews International Corp. — Class A		26		1,339
Huron Consulting Group, Inc.^*		20		1,323
Dean Foods Co.		80		1,322
HeartWare International, Inc.^*		15		1,317
FTI Consulting, Inc.^*		35		1,311
Ligand Pharmaceuticals, Inc. — Class B^*		17		1,311
Snyder's-Lance, Inc.		41		1,310
Catalent, Inc.^*		42		1,308
Integra LifeSciences Holdings Corp.^*		21		1,295
Bright Horizons Family Solutions, Inc.^*		25		1,282
PTC Therapeutics, Inc.^*		21		1,278
Halozyme Therapeutics, Inc.^*		89		1,271
Masimo Corp.^*		38		1,253
Spectranetics Corp.^*		36		1,251
ExamWorks Group, Inc.^*		30		1,249
Rent-A-Center, Inc.		45		1,234
Agios Pharmaceuticals, Inc.^*		13		1,226
EVERTEC, Inc.		56		1,224
Abaxis, Inc.		19		1,218
Greatbatch, Inc.^*		21		1,215
AMAG Pharmaceuticals, Inc.^*		22		1,203
Nektar Therapeutics^*		109		1,199
Acorda Therapeutics, Inc.^*		36		1,198
ARIAD Pharmaceuticals, Inc.^*		141		1,162
CONMED Corp.		23		1,161
Brink's Co.		42		1,160
HMS Holdings Corp.^*		75		1,159
WD-40 Co.		13		1,151
Fresh Del Monte Produce, Inc.		29		1,129
Depomed, Inc.^*		50		1,121
ICU Medical, Inc.^*		12		1,118
Theravance, Inc.		71		1,116
Wright Medical Group, Inc.^*		43		1,109
Keryx Biopharmaceuticals, Inc.^*		87		1,108
Natus Medical, Inc.^*		28		1,105
Cal-Maine Foods, Inc.		27		1,055
Tumi Holdings, Inc.^*		43		1,052
TESARO, Inc.^*		18		1,033
Cambrex Corp.^*		26		1,030
MannKind Corp.^*		196		1,019
SpartanNash Co.		32		1,010
Select Medical Holdings Corp.		68		1,008
Analogic Corp.		11		1,000
Merrimack Pharmaceuticals, Inc.^*		84		998
Insperity, Inc.		19		994
Andersons, Inc.		24		993
Chimerix, Inc.^*		26		980
LifeLock, Inc.^*		69		974
PDL BioPharma, Inc.		138		971
Achillion Pharmaceuticals, Inc.^*		98		966
Tetraphase Pharmaceuticals, Inc.^*		26		953
Universal Corp.		20		943
Endologix, Inc.^*		55		939
Cardiovascular Systems, Inc.^*		24		937
NewLink Genetics Corp.^*		17		930
AMN Healthcare Services, Inc.^*		40		923
NxStage Medical, Inc.^*		53		917
Sangamo BioSciences, Inc.^*		58		909
Arena Pharmaceuticals, Inc.^*		207		905
Auspex Pharmaceuticals, Inc.^*		9		902
Insmed, Inc.^*		43		894
Cempra, Inc.^*		26		892
Ensign Group, Inc.		19		890
Array BioPharma, Inc.^*		120		884
Prothena Corporation plc^*		23		877
KYTHERA Biopharmaceuticals, Inc.^*		17		853
TrueBlue, Inc.^*		35		852
Repligen Corp.^*		28		850
ZIOPHARM Oncology, Inc.^*		78		840
MiMedx Group, Inc.^*		80		832
Orexigen Therapeutics, Inc.^*		105		822
ACCO Brands Corp.^*		98		814
Tornier N.V.^*		31		813
Affymetrix, Inc.^*		62		779
Zeltiq Aesthetics, Inc.^*		25		771
Multi-Color Corp.		11		763
Bio-Reference Laboratories, Inc.^*		21		739
PharMerica Corp.^*		26		733
McGrath RentCorp		22		724
Emergent Biosolutions, Inc.^*		25		719
Merit Medical Systems, Inc.^*		37		712
Omeros Corp.^*		32		705
Team, Inc.^*		18		702
IPC Healthcare, Inc.^*		15		700
ICF International, Inc.^*		17		694
Meridian Bioscience, Inc.		36		686
Hanger, Inc.^*		30		681
Momenta Pharmaceuticals, Inc.^*		44		669
ImmunoGen, Inc.^*		74		662
RPX Corp.^*		46		662

Russell 2000^® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 26.1% (continued)
Consumer, Non-cyclical - 5.8% (continued)
Aegerion Pharmaceuticals, Inc.^*		25	$	654
Relypsa, Inc.^*		18		649
Capital Senior Living Corp.^*		25		649
Quidel Corp.^*		24		648
Raptor Pharmaceutical Corp.^*		59		641
Diamond Foods, Inc.^*		19		619
TherapeuticsMD, Inc.^*		102		617
Calavo Growers, Inc.		12		617
Amedisys, Inc.^*		23		616
Accuray, Inc.^*		66		614
Tootsie Roll Industries, Inc.		18		606
Infinity Pharmaceuticals, Inc.^*		42		587
Capella Education Co.		9		584
Cynosure, Inc. — Class A^*		19		583
Resources Connection, Inc.		33		578
Foundation Medicine, Inc.^*		12		577
Retrophin, Inc.^*		24		575
Orthofix International N.V.^*		16		574
National Healthcare Corp.		9		573
Dynavax Technologies Corp.^*		25		561
Ophthotech Corp.^*		12		558
USANA Health Sciences, Inc.^*		5		556
Esperion Therapeutics, Inc.^*		6		556
Quad/Graphics, Inc.		24		552
Hyperion Therapeutics, Inc.^*		12		551
Navigant Consulting, Inc.^*		42		544
Invacare Corp.		28		543
Spark Therapeutics, Inc.^*		7		543
BioCryst Pharmaceuticals, Inc.^*		60		542
MacroGenics, Inc.^*		17		533
Acceleron Pharma, Inc.^*		14		533
Healthways, Inc.^*		27		532
Providence Service Corp.^*		10		531
Insys Therapeutics, Inc.^*		9		523
OvaScience, Inc.^*		15		521
LDR Holding Corp.^*		14		513
Luminex Corp.^*		32		512
Geron Corp.^*		135		509
Viad Corp.		18		501
NutriSystem, Inc.		25		500
Boulder Brands, Inc.^*		52		496
Ingles Markets, Inc. — Class A		10		495
Monster Worldwide, Inc.^*		78		495
Anika Therapeutics, Inc.^*		12		494
AtriCure, Inc.^*		24		492
PRA Health Sciences, Inc.^*		17		490
Strayer Education, Inc.^*		9		481
Ascent Capital Group, Inc. — Class A^*		12		478
US Physical Therapy, Inc.		10		475
K12, Inc.^*		30		472
Kforce, Inc.		21		469
GenMark Diagnostics, Inc.^*		36		467
Sarepta Therapeutics, Inc.^*		35		465
Kite Pharma, Inc.^*		8		461
Phibro Animal Health Corp. — Class A		13		460
TriNet Group, Inc.^*		13		458
Inter Parfums, Inc.		14		457
Vascular Solutions, Inc.^*		15		455
Coca-Cola Bottling Company Consolidated		4		452
American Public Education, Inc.^*		15		450
Diplomat Pharmacy, Inc.^*		13		450
Weis Markets, Inc.		9		448
Sagent Pharmaceuticals, Inc.^*		19		442
Rockwell Medical, Inc.^*		40		437
Ultragenyx Pharmaceutical, Inc.^*		7		435
Global Cash Access Holdings, Inc.^*		57		434
Green Dot Corp. — Class A^*		27		430
Exelixis, Inc.^*		167		429
Unilife Corp.^*		107		429
Genomic Health, Inc.^*		14		428
Accelerate Diagnostics, Inc.^*		19		428
Inovio Pharmaceuticals, Inc.^*		52		424
Triple-S Management Corp. — Class B^*		21		417
Revlon, Inc. — Class A^*		10		412
Five Prime Therapeutics, Inc.^*		18		411
Intra-Cellular Therapies, Inc.^*		17		406
Kelly Services, Inc. — Class A		23		401
Aratana Therapeutics, Inc.^*		25		400
Karyopharm Therapeutics, Inc.^*		13		398
Xoom Corp.^*		27		397
Sequenom, Inc.^*		100		395
Heidrick & Struggles International, Inc.		16		393
Central Garden & Pet Co. — Class A^*		37		393
SciClone Pharmaceuticals, Inc.^*		44		390
TG Therapeutics, Inc.^*		25		387
Universal American Corp.^*		36		384
BioDelivery Sciences International, Inc.^*		36		378
Surgical Care Affiliates, Inc.^*		11		378
ANI Pharmaceuticals, Inc.^*		6		375
AngioDynamics, Inc.^*		21		374
Synergy Pharmaceuticals, Inc.^*		80		370
LHC Group, Inc.^*		11		363
Progenics Pharmaceuticals, Inc.^*		60		359
XenoPort, Inc.^*		50		356
Albany Molecular Research, Inc.^*		20		352
Theravance Biopharma, Inc.^*		20		347
Atrion Corp.		1		346
CorVel Corp.^*		10		344
Elizabeth Arden, Inc.^*		22		343
Cerus Corp.^*		82		342
Spectrum Pharmaceuticals, Inc.^*		56		340
Chefs' Warehouse, Inc.^*		15		336
CBIZ, Inc.^*		36		336
Nevro Corp.^*		7		336
Carriage Services, Inc. — Class A		14		334
Forrester Research, Inc.		9		331
Radius Health, Inc.^*		8		329

Russell 2000^® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 26.1% (continued)
Consumer, Non-cyclical - 5.8% (continued)
ARC Document Solutions, Inc.^*		35	$	323
Cross Country Healthcare, Inc.^*		27		320
Arrowhead Research Corp.^*		47		318
Tejon Ranch Co.^*		12		317
OraSure Technologies, Inc.^*		48		314
Almost Family, Inc.^*		7		313
Ennis, Inc.		22		311
Pernix Therapeutics Holdings, Inc.^*		29		310
Great Lakes Dredge & Dock Corp.^*		51		307
Pacific Biosciences of California, Inc.^*		52		304
Supernus Pharmaceuticals, Inc.^*		25		302
John B Sanfilippo & Son, Inc.		7		302
Medifast, Inc.^*		10		300
Career Education Corp.^*		58		292
Heron Therapeutics, Inc.^*		20		291
SurModics, Inc.^*		11		286
SP Plus Corp.^*		13		284
XOMA Corp.^*		78		284
Avalanche Biotechnologies, Inc.^*		7		284
OncoMed Pharmaceuticals, Inc.^*		11		284
Aerie Pharmaceuticals, Inc.^*		9		282
Osiris Therapeutics, Inc.^*		16		281
Landauer, Inc.		8		281
LendingTree, Inc.^*		5		280
Zafgen, Inc.^*		7		277
Enanta Pharmaceuticals, Inc.^*		9		276
Idera Pharmaceuticals, Inc.^*		74		275
Northwest Biotherapeutics, Inc.^*		37		273
Immunomedics, Inc.^*		71		272
Agenus, Inc.^*		53		272
Antares Pharma, Inc.^*		100		271
Vanda Pharmaceuticals, Inc.^*		29		270
Rigel Pharmaceuticals, Inc.^*		75		268
Ampio Pharmaceuticals, Inc.^*		35		264
Incorporated Research Holdings, Inc. — Class A^*		8		262
BioScrip, Inc.^*		59		261
Alder Biopharmaceuticals, Inc.^*		9		260
Corcept Therapeutics, Inc.^*		46		258
Barrett Business Services, Inc.		6		257
ZS Pharma, Inc.^*		6		252
Sage Therapeutics, Inc.^*		5		251
Adeptus Health, Inc. — Class A^*		5		251
FibroGen, Inc.^*		8		251
Atara Biotherapeutics, Inc.^*		6		249
CRA International, Inc.^*		8		249
CryoLife, Inc.		24		249
Otonomy, Inc.^*		7		248
Omega Protein Corp.^*		18		246
STAAR Surgical Co.^*		33		245
Xencor, Inc.^*		16		245
Epizyme, Inc.^*		13		244
National Beverage Corp.^*		10		244
Verastem, Inc.^*		24		244
RTI Surgical, Inc.^*		49		242
CSS Industries, Inc.		8		241
RadNet, Inc.^*		28		235
CTI BioPharma Corp.^*		129		233
Sucampo Pharmaceuticals, Inc. — Class A^*		15		233
HealthEquity, Inc.^*		9		225
BioTime, Inc.^*		45		224
Natural Grocers by Vitamin Cottage, Inc.^*		8		221
IGI Laboratories, Inc.^*		27		220
Regulus Therapeutics, Inc.^*		13		220
Peregrine Pharmaceuticals, Inc.^*		162		219
Limoneira Co.		10		218
MoneyGram International, Inc.^*		25		216
James River Group Holdings Ltd.		9		212
Smart & Final Stores, Inc.^*		12		211
Ocular Therapeutix, Inc.^*		5		210
Civitas Solutions, Inc.^*		10		209
Seneca Foods Corp. — Class A^*		7		209
Threshold Pharmaceuticals, Inc.^*		51		207
Civeo Corp.		81		206
Mirati Therapeutics, Inc.^*		7		205
Navidea Biopharmaceuticals, Inc.^*		129		205
Exactech, Inc.^*		8		205
BioTelemetry, Inc.^*		23		204
Cytokinetics, Inc.^*		30		203
Lexicon Pharmaceuticals, Inc.^*		215		203
Paylocity Holding Corp.^*		7		200
Endocyte, Inc.^*		32		200
Oxford Immunotec Global plc^*		14		197
Hackett Group, Inc.		22		197
Organovo Holdings, Inc.^*		54		191
VIVUS, Inc.^*		77		189
Village Super Market, Inc. — Class A		6		189
Stemline Therapeutics, Inc.^*		13		188
Coherus Biosciences, Inc.^*		6		183
Pendrell Corp.^*		141		183
ServiceSource International, Inc.^*		59		183
Universal Technical Institute, Inc.		19		182
Repros Therapeutics, Inc.^*		21		180
Utah Medical Products, Inc.		3		180
Galena Biopharma, Inc.^*		128		178
POZEN, Inc.^*		23		178
K2M Group Holdings, Inc.^*		8		176
ChemoCentryx, Inc.^*		23		174
Franklin Covey Co.^*		9		173
CDI Corp.		12		169
Weight Watchers International, Inc.^*		24		168
Five Star Quality Care, Inc.^*		37		164
Bellicum Pharmaceuticals, Inc.^*		7		162
CytRx Corp.^*		48		162

Russell 2000^® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 26.1% (continued)
Consumer, Non-cyclical - 5.8% (continued)
Derma Sciences, Inc.^*		19	$	161
Electro Rent Corp.		14		159
Senomyx, Inc.^*		36		159
SFX Entertainment, Inc.^*		38		155
AAC Holdings, Inc.^*		5		153
Farmer Bros Co.^*		6		149
Inventure Foods, Inc.^*		13		145
Revance Therapeutics, Inc.^*		7		145
Zogenix, Inc.^*		105		144
Genesis Healthcare, Inc.^*		20		142
Nutraceutical International Corp.^*		7		138
ITT Educational Services, Inc.^*		20		136
Collectors Universe, Inc.		6		135
Bridgepoint Education, Inc.^*		14		135
Oncothyreon, Inc.^*		81		132
Cellular Dynamics International, Inc.^*		8		131
National Research Corp. — Class A		9		130
Intersect ENT, Inc.^*		5		129
Versartis, Inc.^*		7		129
Inogen, Inc.^*		4		128
Vital Therapies, Inc.^*		5		125
Craft Brew Alliance, Inc.^*		9		123
Amphastar Pharmaceuticals, Inc.^*		8		120
Nature's Sunshine Products, Inc.		9		118
Sunesis Pharmaceuticals, Inc.^*		48		118
BioSpecifics Technologies Corp.^*		3		117
Alimera Sciences, Inc.^*		23		115
Addus HomeCare Corp.^*		5		115
Calithera Biosciences, Inc.^*		7		115
Tandem Diabetes Care, Inc.^*		9		114
Bio-Path Holdings, Inc.^*		63		113
Flexion Therapeutics, Inc.^*		5		113
Neuralstem, Inc.^*		59		112
Information Services Group, Inc.		28		112
Entellus Medical, Inc.^*		5		110
Synta Pharmaceuticals Corp.^*		56		109
Fairway Group Holdings Corp.^*		16		108
Dermira, Inc.^*		7		107
Immune Design Corp.^*		5		106
Cenveo, Inc.^*		48		103
Alico, Inc.		2		103
Invitae Corp.^*		6		101
Applied Genetic Technologies Corp.^*		5		100
Synutra International, Inc.^*		15		96
Sientra, Inc.^*		5		96
Neff Corp. — Class A^*		9		95
Liberator Medical Holdings, Inc.		27		95
Hill International, Inc.^*		26		93
Cytori Therapeutics, Inc.^*		79		93
NanoString Technologies, Inc.^*		9		92
Enzo Biochem, Inc.^*		31		91
Patriot National, Inc.^*		7		89
Alliance HealthCare Services, Inc.^*		4		89
PRGX Global, Inc.^*		22		88
Performant Financial Corp.^*		26		88
Lifeway Foods, Inc.^*		4		86
Alliance One International, Inc.^*		76		84
Liberty Tax, Inc.		3		83
NanoViricides, Inc.^*		37		83
AcelRx Pharmaceuticals, Inc.^*		21		81
Akebia Therapeutics, Inc.^*		7		78
T2 Biosystems, Inc.^*		5		78
TransEnterix, Inc.^*		25		73
Dicerna Pharmaceuticals, Inc.^*		3		72
Vitae Pharmaceuticals, Inc.^*		6		70
Kindred Biosciences, Inc.^*		9		64
TriVascular Technologies, Inc.^*		6		63
Pain Therapeutics, Inc.^*		33		62
Genocea Biosciences, Inc.^*		5		59
Symmetry Surgical, Inc.^*		8		59
Achaogen, Inc.^*		6		59
Galectin Therapeutics, Inc.^*		17		57
Tokai Pharmaceuticals, Inc.^*		5		57
NeoStem, Inc.^*		22		56
Female Health Co.		19		54
Adamas Pharmaceuticals, Inc.^*		3		52
Ardelyx, Inc.^*		4		52
Actinium Pharmaceuticals, Inc.^*		21		52
Cara Therapeutics, Inc.^*		5		50
Marrone Bio Innovations, Inc.^*		12		46
Ohr Pharmaceutical, Inc.^*		18		46
Care.com, Inc.^*		6		45
Veracyte, Inc.^*		6		44
Egalet Corp.^*		3		39
Second Sight Medical Products, Inc.^*		3		38
Loxo Oncology, Inc.^*		3		37
Eleven Biotherapeutics, Inc.^*		4		36
22nd Century Group, Inc.^*		39		34
PhotoMedex, Inc.^*		11		22
Regado Biosciences, Inc.^*		13		16
Roka Bioscience, Inc.^*		4		13
Total Consumer, Non-cyclical				343,975
Consumer, Cyclical - 3.6%
Office Depot, Inc.^*		459		4,223
Brunswick Corp.		80		4,116
JetBlue Airways Corp.^*		213		4,101
Jack in the Box, Inc.		34		3,262
Vail Resorts, Inc.		31		3,206
Dana Holding Corp.		145		3,069
Tenneco, Inc.^*		52		2,986
Casey's General Stores, Inc.		33		2,973
Wolverine World Wide, Inc.		87		2,911
Buffalo Wild Wings, Inc.^*		16		2,900
American Eagle Outfitters, Inc.		167		2,852
Watsco, Inc.		22		2,764
Pool Corp.		39		2,721
Restoration Hardware Holdings, Inc.^*		27		2,678
Life Time Fitness, Inc.^*		35		2,483

Russell 2000^® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 26.1% (continued)
Consumer, Cyclical - 3.6% (continued)
Skechers U.S.A., Inc. — Class A^*		34	$	2,445
Cracker Barrel Old Country Store, Inc.		16		2,434
Allegiant Travel Co. — Class A		12		2,307
Texas Roadhouse, Inc. — Class A		60		2,186
HNI Corp.		39		2,152
Cooper Tire & Rubber Co.		50		2,142
Men's Wearhouse, Inc.		41		2,140
Cheesecake Factory, Inc.		43		2,121
Asbury Automotive Group, Inc.^*		24		1,994
Lithia Motors, Inc. — Class A		20		1,988
Ryland Group, Inc.		40		1,950
TRI Pointe Homes, Inc.^*		126		1,943
HSN, Inc.		28		1,910
Steven Madden Ltd.^*		50		1,900
Marriott Vacations Worldwide Corp.		23		1,864
Pinnacle Entertainment, Inc.^*		51		1,841
Group 1 Automotive, Inc.		21		1,813
G-III Apparel Group Ltd.^*		16		1,802
Mobile Mini, Inc.		40		1,706
Five Below, Inc.^*		47		1,671
Meritage Homes Corp.^*		34		1,653
ANN, Inc.^*		40		1,641
Select Comfort Corp.^*		47		1,621
Papa John's International, Inc.		26		1,607
Bloomin' Brands, Inc.		66		1,606
UniFirst Corp.		13		1,530
Gentherm, Inc.^*		30		1,515
DineEquity, Inc.		14		1,498
American Axle & Manufacturing Holdings, Inc.^*		58		1,498
Genesco, Inc.^*		21		1,496
Sonic Corp.		47		1,490
Burlington Stores, Inc.^*		25		1,486
Columbia Sportswear Co.		24		1,462
Herman Miller, Inc.		51		1,416
Fiesta Restaurant Group, Inc.^*		23		1,403
United Stationers, Inc.		34		1,394
Iconix Brand Group, Inc.^*		41		1,380
Churchill Downs, Inc.		12		1,379
PriceSmart, Inc.		16		1,360
Steelcase, Inc. — Class A		71		1,345
Beacon Roofing Supply, Inc.^*		42		1,315
Core-Mark Holding Company, Inc.		20		1,286
La-Z-Boy, Inc.		45		1,265
G&K Services, Inc. — Class A		17		1,233
Buckle, Inc.		24		1,226
Children's Place, Inc.		19		1,220
Brown Shoe Company, Inc.		37		1,214
Popeyes Louisiana Kitchen, Inc.^*		20		1,196
Express, Inc.^*		72		1,190
Interface, Inc. — Class A		57		1,184
First Cash Financial Services, Inc.^*		25		1,163
Dorman Products, Inc.^*		23		1,144
Pier 1 Imports, Inc.		81		1,132
KB Home		72		1,125
Krispy Kreme Doughnuts, Inc.^*		56		1,119
Standard Pacific Corp.^*		124		1,116
Hibbett Sports, Inc.^*		22		1,079
Vitamin Shoppe, Inc.^*		26		1,071
Meritor, Inc.^*		84		1,058
Outerwall, Inc.		16		1,058
Penn National Gaming, Inc.^*		67		1,049
Red Robin Gourmet Burgers, Inc.^*		12		1,044
Belmond Ltd. — Class A^*		83		1,019
Finish Line, Inc. — Class A		41		1,005
Diamond Resorts International, Inc.^*		30		1,003
Guess?, Inc.		53		985
Knoll, Inc.		42		984
ScanSource, Inc.^*		24		976
Bob Evans Farms, Inc.		21		971
MDC Holdings, Inc.		34		969
BJ's Restaurants, Inc.^*		19		959
Boyd Gaming Corp.^*		67		952
Cato Corp. — Class A		24		950
Oxford Industries, Inc.		12		905
Mattress Firm Holding Corp.^*		13		905
La Quinta Holdings, Inc.^*		38		900
Interval Leisure Group, Inc.		34		891
TiVo, Inc.^*		82		870
Hawaiian Holdings, Inc.^*		39		859
Denny's Corp.^*		75		855
Sonic Automotive, Inc. — Class A		34		847
Wabash National Corp.^*		59		832
Barnes & Noble, Inc.^*		35		831
iRobot Corp.^*		25		816
Rush Enterprises, Inc. — Class A^*		29		793
Crocs, Inc.^*		67		791
Universal Electronics, Inc.^*		14		790
National CineMedia, Inc.		52		784
International Speedway Corp. — Class A		24		783
Lumber Liquidators Holdings, Inc.^*		24		738
Conn's, Inc.^*		24		727
Zumiez, Inc.^*		18		725
Standard Motor Products, Inc.		17		719
Libbey, Inc.		18		718
Cooper-Standard Holding, Inc.^*		12		710
Carmike Cinemas, Inc.^*		21		706
Wesco Aircraft Holdings, Inc.^*		45		689
H&E Equipment Services, Inc.		27		675
SkyWest, Inc.		44		643
Francesca's Holdings Corp.^*		36		641
AMC Entertainment Holdings, Inc. — Class A		18		639
Callaway Golf Co.		67		639
Stage Stores, Inc.		27		619
Ethan Allen Interiors, Inc.		22		608
Regis Corp.^*		37		605
American Woodmark Corp.^*		11		602

Russell 2000^® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 26.1% (continued)
Consumer, Cyclical - 3.6% (continued)
Cavco Industries, Inc.^*		8	$	600
Tuesday Morning Corp.^*		37		596
Republic Airways Holdings, Inc.^*		43		591
Remy International, Inc.		26		577
Steiner Leisure Ltd.^*		12		569
Cash America International, Inc.		24		559
MarineMax, Inc.^*		21		557
Modine Manufacturing Co.^*		41		552
Fred's, Inc. — Class A		32		547
DTS, Inc.^*		15		511
M/I Homes, Inc.^*		21		501
Rentrak Corp.^*		9		500
Ruth's Hospitality Group, Inc.		31		492
Winnebago Industries, Inc.		23		489
Tower International, Inc.^*		18		479
Unifi, Inc.^*		13		469
Caesars Entertainment Corp.^*		44		463
Scientific Games Corp. — Class A^*		44		461
Movado Group, Inc.		16		456
Pep Boys-Manny Moe & Jack^*		46		443
Travelport Worldwide Ltd.		26		434
Douglas Dynamics, Inc.		19		434
Haverty Furniture Companies, Inc.		17		423
Motorcar Parts of America, Inc.^*		15		417
Biglari Holdings, Inc.^*		1		414
Nautilus, Inc.^*		27		412
Beazer Homes USA, Inc.^*		23		408
Del Frisco's Restaurant Group, Inc.^*		20		403
EZCORP, Inc. — Class A^*		44		402
Arctic Cat, Inc.		11		400
Virgin America, Inc.^*		13		395
William Lyon Homes — Class A^*		15		387
Shoe Carnival, Inc.		13		383
America's Car-Mart, Inc.^*		7		380
Superior Industries International, Inc.		20		379
ClubCorp Holdings, Inc.		19		368
Hovnanian Enterprises, Inc. — Class A^*		100		356
Titan International, Inc.		38		356
Citi Trends, Inc.^*		13		351
Daktronics, Inc.		32		346
Federal-Mogul Holdings Corp.^*		25		333
Eros International plc^*		19		332
Marcus Corp.		15		319
Ruby Tuesday, Inc.^*		53		319
Chuy's Holdings, Inc.^*		14		315
Kirkland's, Inc.^*		13		309
Vera Bradley, Inc.^*		19		308
Kimball International, Inc. — Class B		29		304
Stein Mart, Inc.		24		299
Tile Shop Holdings, Inc.^*		24		291
Container Store Group, Inc.^*		15		286
PetMed Express, Inc.		17		281
Isle of Capri Casinos, Inc.^*		19		267
Shake Shack, Inc. — Class A^*		5		250
Carrols Restaurant Group, Inc.^*		30		249
Miller Industries, Inc.		10		245
WCI Communities, Inc.^*		10		240
Aeropostale, Inc.^*		67		232
Perry Ellis International, Inc.^*		10		232
Speedway Motorsports, Inc.		10		228
Strattec Security Corp.		3		222
Jamba, Inc.^*		15		221
Quiksilver, Inc.^*		117		216
Build-A-Bear Workshop, Inc. — Class A^*		11		216
Culp, Inc.		8		214
Big 5 Sporting Goods Corp.		16		212
NACCO Industries, Inc. — Class A		4		212
PC Connection, Inc.		8		209
Reading International, Inc. — Class A^*		15		202
Titan Machinery, Inc.^*		15		200
LGI Homes, Inc.^*		12		200
Freshpet, Inc.^*		10		194
Morgans Hotel Group Co.^*		25		194
Skullcandy, Inc.^*		17		192
Bravo Brio Restaurant Group, Inc.^*		13		191
Black Diamond, Inc.^*		20		189
Vince Holding Corp.^*		10		186
Dave & Buster's Entertainment, Inc.^*		6		183
Destination Maternity Corp.		12		181
Metaldyne Performance Group, Inc.		10		180
Weyco Group, Inc.		6		179
El Pollo Loco Holdings, Inc.^*		7		179
Potbelly Corp.^*		13		178
Winmark Corp.		2		175
Christopher & Banks Corp.^*		31		172
Zoe's Kitchen, Inc.^*		5		166
Roundy's, Inc.^*		34		166
Malibu Boats, Inc. — Class A^*		7		163
Nathan's Famous, Inc.		3		162
Habit Restaurants, Inc. — Class A^*		5		161
AV Homes, Inc.^*		10		160
Noodles & Co.^*		9		157
Escalade, Inc.		9		157
VOXX International Corp. — Class A^*		17		156
Accuride Corp.^*		33		154
Norcraft Companies, Inc.^*		6		153
Fox Factory Holding Corp.^*		10		153
Monarch Casino & Resort, Inc.^*		8		153
Installed Building Products, Inc.^*		7		152
Sequential Brands Group, Inc.^*		14		150
Destination XL Group, Inc.^*		30		148
Commercial Vehicle Group, Inc.^*		23		148
Houston Wire & Cable Co.		15		146
Spartan Motors, Inc.		30		146
Tilly's, Inc. — Class A^*		9		141

Russell 2000^® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 26.1% (continued)
Consumer, Cyclical - 3.6% (continued)
West Marine, Inc.^*		15	$	139
Lifetime Brands, Inc.		9		138
Fuel Systems Solutions, Inc.^*		12		132
Johnson Outdoors, Inc. — Class A		4		132
Flexsteel Industries, Inc.		4		125
Systemax, Inc.^*		10		122
LeapFrog Enterprises, Inc. — Class A^*		56		123
Boot Barn Holdings, Inc.^*		5		120
Pacific Sunwear of California, Inc.^*		43		119
Dixie Group, Inc.^*		13		118
Famous Dave's of America, Inc.^*		4		114
New Home Company, Inc.^*		7		112
JAKKS Pacific, Inc.^*		16		109
Intrawest Resorts Holdings, Inc.^*		12		105
bebe stores, Inc.		27		98
Flex Pharma, Inc.^*		5		98
Gaiam, Inc. — Class A^*		13		95
Papa Murphy's Holdings, Inc.^*		5		91
Bon-Ton Stores, Inc.		13		90
Sears Hometown and Outlet Stores, Inc.^*		10		77
Marine Products Corp.		9		77
Sportsman's Warehouse Holdings, Inc.^*		8		64
New York & Company, Inc.^*		25		63
hhgregg, Inc.^*		10		61
UCP, Inc. — Class A^*		7		61
Empire Resorts, Inc.^*		13		60
Century Communities, Inc.^*		3		58
Ignite Restaurant Group, Inc.^*		7		34
Speed Commerce, Inc.^*		42		27
Total Consumer, Cyclical				213,099
Industrial - 3.3%
Graphic Packaging Holding Co.		281		4,086
Cognex Corp.^*		75		3,719
HEICO Corp.		57		3,480
Belden, Inc.		37		3,461
Teledyne Technologies, Inc.^*		30		3,202
Esterline Technologies Corp.^*		27		3,089
Curtiss-Wright Corp.		41		3,031
Woodward, Inc.		57		2,907
Generac Holdings, Inc.^*		59		2,873
CLARCOR, Inc.		43		2,841
Berry Plastics Group, Inc.^*		77		2,787
FEI Co.		36		2,749
Moog, Inc. — Class A^*		36		2,702
EMCOR Group, Inc.		54		2,508
EnerSys		38		2,441
KapStone Paper and Packaging Corp.		73		2,397
Polypore International, Inc.^*		39		2,297
XPO Logistics, Inc.^*		45		2,046
Louisiana-Pacific Corp.^*		121		1,998
Barnes Group, Inc.		47		1,904
Swift Transportation Co. — Class A^*		73		1,899
Littelfuse, Inc.		19		1,888
Mueller Industries, Inc.		49		1,770
Sanmina Corp.^*		71		1,718
Rexnord Corp.^*		64		1,708
Masonite International Corp.^*		25		1,681
Hillenbrand, Inc.		54		1,667
Knight Transportation, Inc.		51		1,645
Universal Display Corp.^*		35		1,637
Applied Industrial Technologies, Inc.		36		1,631
Trex Company, Inc.^*		29		1,581
Franklin Electric Company, Inc.		41		1,564
Matson, Inc.		37		1,560
Methode Electronics, Inc.		33		1,553
RBC Bearings, Inc.		20		1,531
Forward Air Corp.		27		1,466
Dycom Industries, Inc.^*		29		1,417
Greenbrier Companies, Inc.		24		1,392
Coherent, Inc.^*		21		1,364
Mueller Water Products, Inc. — Class A		137		1,350
Proto Labs, Inc.^*		19		1,330
Watts Water Technologies, Inc. — Class A		24		1,321
Scorpio Tankers, Inc.		140		1,319
Rogers Corp.^*		16		1,315
Simpson Manufacturing Company, Inc.		35		1,308
Boise Cascade Co.^*		34		1,274
Tetra Tech, Inc.		53		1,273
OSI Systems, Inc.^*		17		1,262
Actuant Corp. — Class A		53		1,258
Hub Group, Inc. — Class A^*		32		1,257
EnPro Industries, Inc.		19		1,253
MSA Safety, Inc.		25		1,247
Itron, Inc.^*		34		1,242
Drew Industries, Inc.		20		1,231
TriMas Corp.^*		39		1,201
Granite Construction, Inc.		34		1,195
Werner Enterprises, Inc.		38		1,194
Harsco Corp.		69		1,191
GenCorp, Inc.^*		51		1,183
Plexus Corp.^*		29		1,182
TAL International Group, Inc.		29		1,181
Astronics Corp.^*		16		1,179
Brady Corp. — Class A		41		1,159
Headwaters, Inc.^*		63		1,155
Heartland Express, Inc.		47		1,117
TASER International, Inc.^*		46		1,109
Benchmark Electronics, Inc.^*		46		1,105
MasTec, Inc.^*		56		1,081
Apogee Enterprises, Inc.		25		1,080
Tennant Co.		16		1,046
AAR Corp.		34		1,044
AZZ, Inc.		22		1,025
Kaman Corp.		24		1,018
Fluidigm Corp.^*		24		1,010
Exponent, Inc.		11		978

Russell 2000^® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 26.1% (continued)
Industrial - 3.3% (continued)
UTI Worldwide, Inc.^*		79	$	972
Albany International Corp. — Class A		24		954
Atlas Air Worldwide Holdings, Inc.^*		22		946
Universal Forest Products, Inc.		17		943
RTI International Metals, Inc.^*		26		934
FARO Technologies, Inc.^*		15		932
Cubic Corp.		18		932
Saia, Inc.^*		21		930
Nordic American Tankers Ltd.		77		917
Chart Industries, Inc.^*		26		912
Standex International Corp.		11		903
US Ecology, Inc.		18		900
Advanced Energy Industries, Inc.^*		35		898
ESCO Technologies, Inc.		23		897
John Bean Technologies Corp.		25		893
AAON, Inc.		36		883
Federal Signal Corp.		54		853
Sturm Ruger & Company, Inc.		17		844
ArcBest Corp.		22		834
II-VI, Inc.^*		45		831
Briggs & Stratton Corp.		40		822
CIRCOR International, Inc.		15		821
Sun Hydraulics Corp.		19		786
Lindsay Corp.		10		762
Ship Finance International Ltd.		51		755
Tutor Perini Corp.^*		32		747
General Cable Corp.		42		724
Badger Meter, Inc.		12		719
Nortek, Inc.^*		8		706
LSB Industries, Inc.^*		17		703
GasLog Ltd.		36		699
Astec Industries, Inc.		16		686
Encore Wire Corp.		18		682
Comfort Systems USA, Inc.		32		673
Hyster-Yale Materials Handling, Inc.		9		660
Newport Corp.^*		34		648
Altra Industrial Motion Corp.		23		636
Raven Industries, Inc.		31		634
Roadrunner Transportation Systems, Inc.^*		24		606
Smith & Wesson Holding Corp.^*		47		598
Aegion Corp. — Class A^*		33		596
Griffon Corp.		34		593
Quanex Building Products Corp.		30		592
Hornbeck Offshore Services, Inc.^*		31		583
Rofin-Sinar Technologies, Inc.^*		24		582
Textainer Group Holdings Ltd.		19		570
Fabrinet^*		30		570
MYR Group, Inc.^*		18		564
DHT Holdings, Inc.		79		551
Echo Global Logistics, Inc.^*		20		545
Blount International, Inc.^*		42		541
Kadant, Inc.		10		526
CTS Corp.		29		522
Haynes International, Inc.		11		491
Celadon Group, Inc.		18		490
DXP Enterprises, Inc.^*		11		485
YRC Worldwide, Inc.^*		27		485
Gorman-Rupp Co.		16		479
Lydall, Inc.^*		15		476
Marten Transport Ltd.		20		464
PGT, Inc.^*		41		458
Columbus McKinnon Corp.		17		458
Patrick Industries, Inc.^*		7		436
LB Foster Co. — Class A		9		427
Gibraltar Industries, Inc.^*		26		427
Aerovironment, Inc.^*		16		424
Tredegar Corp.		21		422
Park-Ohio Holdings Corp.		8		421
Air Transport Services Group, Inc.^*		45		415
NCI Building Systems, Inc.^*		24		415
TTM Technologies, Inc.^*		46		415
GP Strategies Corp.^*		11		407
US Concrete, Inc.^*		12		407
Myers Industries, Inc.		23		403
Argan, Inc.		11		398
American Railcar Industries, Inc.		8		398
Teekay Tankers Ltd. — Class A		69		396
GrafTech International Ltd.^*		101		393
Checkpoint Systems, Inc.		36		390
Advanced Drainage Systems, Inc.		13		389
Park Electrochemical Corp.		18		388
Alamo Group, Inc.		6		379
NN, Inc.		15		376
Era Group, Inc.^*		17		354
GSI Group, Inc.^*		26		346
Insteel Industries, Inc.		16		346
CAI International, Inc.^*		14		344
VSE Corp.		4		328
FreightCar America, Inc.		10		314
Kimball Electronics, Inc.^*		22		311
Knightsbridge Shipping Ltd.		60		300
American Science & Engineering, Inc.		6		293
Navios Maritime Holdings, Inc.		68		284
Global Brass & Copper Holdings, Inc.		18		278
NVE Corp.		4		276
Scorpio Bulkers, Inc.^*		116		275
Stoneridge, Inc.^*		24		271
Powell Industries, Inc.		8		270
Mistras Group, Inc.^*		14		270
Chase Corp.		6		262
Builders FirstSource, Inc.^*		39		260
Power Solutions International, Inc.^*		4		257
National Presto Industries, Inc.		4		254
Furmanite Corp.^*		32		252
Navios Maritime Acquisition Corp.		71		251
PowerSecure International, Inc.^*		19		250
Quality Distribution, Inc.^*		24		248

Russell 2000^® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 26.1% (continued)
Industrial - 3.3% (continued)
Stock Building Supply Holdings, Inc.^*		13	$	235
Ply Gem Holdings, Inc.^*		18		234
Ducommun, Inc.^*		9		233
Continental Building Products, Inc.^*		10		226
Sparton Corp.^*		9		221
Graham Corp.		9		216
Vicor Corp.^*		14		213
Orion Marine Group, Inc.^*		24		213
Kratos Defense & Security Solutions, Inc.^*		38		210
Global Power Equipment Group, Inc.		15		198
Trinseo S.A.^*		10		198
Hurco Companies, Inc.		6		198
CECO Environmental Corp.		18		191
Casella Waste Systems, Inc. — Class A^*		34		187
Northwest Pipe Co.^*		8		184
Capstone Turbine Corp.^*		282		183
Applied Optoelectronics, Inc.^*		13		180
Vishay Precision Group, Inc.^*		11		175
PAM Transportation Services, Inc.^*		3		172
Bel Fuse, Inc. — Class B		9		171
AEP Industries, Inc.^*		3		165
KEMET Corp.^*		39		161
Dynamic Materials Corp.		12		153
Universal Truckload Services, Inc.		6		151
Ardmore Shipping Corp.		15		151
LSI Industries, Inc.		18		147
Nordic American Offshore Ltd.		16		147
Multi-Fineline Electronix, Inc.^*		8		146
Xerium Technologies, Inc.^*		9		146
Mesa Laboratories, Inc.		2		144
Frontline Ltd.^*		63		141
USA Truck, Inc.^*		5		138
Electro Scientific Industries, Inc.		21		130
Intevac, Inc.^*		21		129
Twin Disc, Inc.		7		124
Handy & Harman Ltd.^*		3		123
Ampco-Pittsburgh Corp.		7		122
Control4 Corp.^*		10		120
Safe Bulkers, Inc.		33		118
Manitex International, Inc.^*		12		117
UFP Technologies, Inc.^*		5		114
LMI Aerospace, Inc.^*		9		110
Olympic Steel, Inc.		8		108
CUI Global, Inc.^*		18		105
Heritage-Crystal Clean, Inc.^*		9		105
Energy Recovery, Inc.^*		33		85
Layne Christensen Co.^*		17		85
General Finance Corp.^*		10		81
Dorian LPG Ltd.^*		6		78
Sterling Construction Company, Inc.^*		16		72
Imprivata, Inc.^*		5		70
Viasystems Group, Inc.^*		4		70
Baltic Trading Ltd.		42		63
International Shipholding Corp.		5		61
AM Castle & Co.^*		16		58
Omega Flex, Inc.		2		50
Patriot Transportation Holding, Inc.^*		2		50
NL Industries, Inc.^*		6		47
SIFCO Industries, Inc.		2		44
CHC Group Ltd.^*		29		39
Aspen Aerogels, Inc.^*		5		36
Revolution Lighting Technologies, Inc.^*		31		34
Ultrapetrol Bahamas Ltd.^*		18		26
Erickson, Inc.^*		5		22
ARC Group Worldwide, Inc.^*		3		16
Quest Resource Holding Corp.^*		12		15
Turtle Beach Corp.^*		6		11
TCP International Holdings Ltd.^*		6		11
Total Industrial				197,556
Technology - 2.8%
Ultimate Software Group, Inc.^*		24		4,079
MAXIMUS, Inc.		58		3,871
Cypress Semiconductor Corp.		263		3,711
SS&C Technologies Holdings, Inc.		58		3,614
Tyler Technologies, Inc.^*		28		3,376
Manhattan Associates, Inc.^*		65		3,290
Cavium, Inc.^*		45		3,187
Verint Systems, Inc.^*		51		3,159
Guidewire Software, Inc.^*		58		3,051
Aspen Technology, Inc.^*		79		3,041
Microsemi Corp.^*		82		2,903
Synaptics, Inc.^*		31		2,520
Fair Isaac Corp.		28		2,484
Qlik Technologies, Inc.^*		77		2,397
Integrated Device Technology, Inc.^*		115		2,302
Medidata Solutions, Inc.^*		46		2,256
ACI Worldwide, Inc.^*		98		2,122
Mentor Graphics Corp.		83		1,994
Convergys Corp.		87		1,990
Proofpoint, Inc.^*		33		1,954
Advent Software, Inc.		44		1,941
EPAM Systems, Inc.^*		31		1,900
Blackbaud, Inc.		40		1,895
Ambarella, Inc.^*		25		1,893
Silicon Laboratories, Inc.^*		37		1,878
SYNNEX Corp.		24		1,854
Tessera Technologies, Inc.		46		1,852
Fairchild Semiconductor International, Inc. — Class A^*		101		1,836
Take-Two Interactive Software, Inc.^*		72		1,833
CACI International, Inc. — Class A^*		20		1,798
CommVault Systems, Inc.^*		41		1,792
Dealertrack Technologies, Inc.^*		46		1,772
Cirrus Logic, Inc.^*		53		1,763
Science Applications International Corp.		34		1,746

Russell 2000^® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 26.1% (continued)
Technology - 2.8% (continued)
Monolithic Power Systems, Inc.		33	$	1,737
Electronics for Imaging, Inc.^*		40		1,670
Entegris, Inc.^*		119		1,629
Envestnet, Inc.^*		29		1,626
Intersil Corp. — Class A		111		1,590
Demandware, Inc.^*		26		1,583
MKS Instruments, Inc.		46		1,555
Semtech Corp.^*		58		1,545
FleetMatics Group plc^*		32		1,435
Synchronoss Technologies, Inc.^*		30		1,424
Syntel, Inc.^*		27		1,397
PMC-Sierra, Inc.^*		149		1,383
IGATE Corp.^*		32		1,365
NetScout Systems, Inc.^*		31		1,360
Power Integrations, Inc.		26		1,354
MicroStrategy, Inc. — Class A^*		8		1,354
Cornerstone OnDemand, Inc.^*		46		1,329
OmniVision Technologies, Inc.^*		48		1,266
Rambus, Inc.^*		98		1,232
Acxiom Corp.^*		66		1,220
Progress Software Corp.^*		44		1,195
Infoblox, Inc.^*		49		1,170
Monotype Imaging Holdings, Inc.		34		1,110
QLogic Corp.^*		75		1,105
Omnicell, Inc.^*		31		1,088
Cabot Microelectronics Corp.^*		21		1,049
ExlService Holdings, Inc.^*		28		1,042
Veeco Instruments, Inc.^*		34		1,039
Constant Contact, Inc.^*		27		1,032
Unisys Corp.^*		44		1,021
Insight Enterprises, Inc.^*		35		998
Super Micro Computer, Inc.^*		30		996
MTS Systems Corp.		13		983
Cray, Inc.^*		35		983
MedAssets, Inc.^*		52		979
Imperva, Inc.^*		22		939
SPS Commerce, Inc.^*		14		939
Bottomline Technologies de, Inc.^*		34		931
InvenSense, Inc. — Class A^*		61		928
Virtusa Corp.^*		22		910
RealPage, Inc.^*		44		886
Diodes, Inc.^*		31		885
CSG Systems International, Inc.		29		881
Sykes Enterprises, Inc.^*		34		845
BroadSoft, Inc.^*		25		837
Qualys, Inc.^*		17		790
Ebix, Inc.		24		729
ManTech International Corp. — Class A		21		713
Kofax Ltd.^*		64		701
Quality Systems, Inc.		43		687
Brooks Automation, Inc.		57		663
Pegasystems, Inc.		30		653
AVG Technologies N.V.^*		30		650
Amkor Technology, Inc.^*		73		645
Lattice Semiconductor Corp.^*		101		640
Callidus Software, Inc.^*		46		583
Interactive Intelligence Group, Inc.^*		14		577
Micrel, Inc.		38		572
inContact, Inc.^*		52		567
Computer Programs & Systems, Inc.		10		543
Actua Corp.^*		35		542
PROS Holdings, Inc.^*		20		494
Emulex Corp.^*		61		486
Photronics, Inc.^*		57		485
Epiq Systems, Inc.		27		484
Inphi Corp.^*		27		481
LivePerson, Inc.^*		47		481
PDF Solutions, Inc.^*		26		466
Integrated Silicon Solution, Inc.		26		465
Tangoe, Inc.^*		33		455
Mercury Systems, Inc.^*		29		451
Engility Holdings, Inc.		15		451
RealD, Inc.^*		35		448
FormFactor, Inc.^*		48		426
Cvent, Inc.^*		15		421
Ultratech, Inc.^*		24		416
M/A-COM Technology Solutions Holdings, Inc.^*		11		410
Xcerra Corp.^*		46		409
SciQuest, Inc.^*		24		406
Glu Mobile, Inc.^*		77		386
CEVA, Inc.^*		18		384
TeleTech Holdings, Inc.		15		382
Luxoft Holding, Inc.^*		7		362
Nanometrics, Inc.^*		21		353
Exar Corp.^*		34		342
Applied Micro Circuits Corp.^*		67		342
Rally Software Development Corp.^*		21		329
Rudolph Technologies, Inc.^*		29		320
Quantum Corp.^*		188		301
Pericom Semiconductor Corp.		19		294
Eastman Kodak Co.^*		15		285
Ciber, Inc.^*		67		276
Merge Healthcare, Inc.^*		61		273
Dot Hill Systems Corp.^*		51		270
Barracuda Networks, Inc.^*		7		269
Silver Spring Networks, Inc.^*		30		268
Silicon Graphics International Corp.^*		30		261
Violin Memory, Inc.^*		69		260
IXYS Corp.		21		259
Vitesse Semiconductor Corp.^*		47		250
Cohu, Inc.		22		241
KEYW Holding Corp.^*		28		230
2U, Inc.^*		9		230
DSP Group, Inc.^*		19		228
Axcelis Technologies, Inc.^*		95		226
Entropic Communications, Inc.^*		76		225
Immersion Corp.^*		24		220
Seachange International, Inc.^*		28		220
American Software, Inc. — Class A		21		215
Carbonite, Inc.^*		15		215

Russell 2000^® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 26.1% (continued)
Technology - 2.8% (continued)
Digi International, Inc.^*		21	$	210
Maxwell Technologies, Inc.^*		26		210
Brightcove, Inc.^*		28		205
Datalink Corp.^*		17		205
Model N, Inc.^*		17		203
InnerWorkings, Inc.^*		30		202
Kopin Corp.^*		57		201
HubSpot, Inc.^*		5		200
MaxLinear, Inc. — Class A^*		24		195
Paycom Software, Inc.^*		6		192
Jive Software, Inc.^*		37		190
Vocera Communications, Inc.^*		19		188
Ultra Clean Holdings, Inc.^*		25		179
Nimble Storage, Inc.^*		8		178
Mavenir Systems, Inc.^*		10		177
New Relic, Inc.^*		5		174
Sapiens International Corporation N.V.^*		21		172
Alpha & Omega Semiconductor Ltd.^*		19		169
Cascade Microtech, Inc.^*		11		149
Benefitfocus, Inc.^*		4		147
QAD, Inc. — Class A		6		145
Hortonworks, Inc.^*		6		143
Rosetta Stone, Inc.^*		18		137
Digimarc Corp.		6		132
Varonis Systems, Inc.^*		5		128
Agilysys, Inc.^*		13		128
Globant S.A.^*		6		126
ExOne Co.^*		9		123
Park City Group, Inc.^*		8		110
MobileIron, Inc.^*		11		102
Computer Task Group, Inc.		13		95
QuickLogic Corp.^*		47		91
Rubicon Technology, Inc.^*		22		87
Workiva, Inc.^*		6		86
Castlight Health, Inc. — Class B^*		11		85
Guidance Software, Inc.^*		15		81
Everyday Health, Inc.^*		6		77
Amber Road, Inc.^*		8		74
OPOWER, Inc.^*		7		71
Five9, Inc.^*		10		56
Audience, Inc.^*		12		54
A10 Networks, Inc.^*		11		48
Total Technology				169,910
Communications - 1.7%
Qorvo, Inc.^*		123		9,827
j2 Global, Inc.		41		2,693
Aruba Networks, Inc.^*		92		2,253
DigitalGlobe, Inc.^*		65		2,214
Houghton Mifflin Harcourt Co.^*		94		2,207
ViaSat, Inc.^*		36		2,146
Time, Inc.		95		2,132
Infinera Corp.^*		105		2,064
Plantronics, Inc.		37		1,959
Finisar Corp.^*		89		1,899
Sinclair Broadcast Group, Inc. — Class A		59		1,854
Anixter International, Inc.^*		23		1,751
Ciena Corp.^*		90		1,738
Meredith Corp.		31		1,729
New York Times Co. — Class A		119		1,637
InterDigital, Inc.		32		1,624
Polycom, Inc.^*		119		1,595
comScore, Inc.^*		30		1,537
Shutterfly, Inc.^*		33		1,494
Nexstar Broadcasting Group, Inc. — Class A		26		1,488
WebMD Health Corp. — Class A^*		33		1,447
Cogent Communications Holdings, Inc.		40		1,413
NeuStar, Inc. — Class A^*		48		1,181
LogMeIn, Inc.^*		21		1,176
Media General, Inc.^*		68		1,121
West Corp.		33		1,112
MDC Partners, Inc. — Class A		36		1,021
NIC, Inc.		56		989
NETGEAR, Inc.^*		30		986
Scholastic Corp.		23		942
Gogo, Inc.^*		48		915
New Media Investment Group, Inc.		38		909
Shutterstock, Inc.^*		13		893
Consolidated Communications Holdings, Inc.		43		877
ADTRAN, Inc.		46		859
Web.com Group, Inc.^*		44		834
Stamps.com, Inc.^*		12		808
Globalstar, Inc.^*,1		236		786
Ubiquiti Networks, Inc.		26		768
EW Scripps Co. — Class A^*		27		768
Loral Space & Communications, Inc.^*		11		753
Vonage Holdings Corp.^*		150		737
Ruckus Wireless, Inc.^*		56		721
Iridium Communications, Inc.^*		69		670
Bankrate, Inc.^*		58		658
Shenandoah Telecommunications Co.		21		653
8x8, Inc.^*		76		638
Cincinnati Bell, Inc.^*		179		632
Perficient, Inc.^*		30		621
Ixia^*		49		594
Gray Television, Inc.^*		43		594
Marketo, Inc.^*		22		564
Harmonic, Inc.^*		76		563
Journal Communications, Inc. — Class A^*		38		563
Atlantic Tele-Network, Inc.		8		554
VASCO Data Security International, Inc.^*		25		539
Orbitz Worldwide, Inc.^*		44		514
Lands' End, Inc.^*		14		502
CalAmp Corp.^*		31		502
Chegg, Inc.^*		63		501
Endurance International Group Holdings, Inc.^*		26		496
Blucora, Inc.^*		36		492
General Communication, Inc. — Class A^*		31		489

Russell 2000^® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 26.1% (continued)
Communications - 1.7% (continued)
Internap Corp.^*		47	$	481
FTD Companies, Inc.^*		16		479
RetailMeNot, Inc.^*		26		468
Global Eagle Entertainment, Inc.^*		35		466
HealthStream, Inc.^*		18		454
Gigamon, Inc.^*		21		446
Inteliquent, Inc.		28		441
Textura Corp.^*		16		434
XO Group, Inc.^*		23		406
Premiere Global Services, Inc.^*		41		392
EarthLink Holdings Corp.		88		391
Comtech Telecommunications Corp.		13		377
Comverse, Inc.^*		19		374
ShoreTel, Inc.^*		54		368
RingCentral, Inc. — Class A^*		24		368
World Wrestling Entertainment, Inc. — Class A		26		364
Spok Holdings, Inc.		19		364
GrubHub, Inc.^*		8		363
Wayfair, Inc. — Class A^*		11		353
Intralinks Holdings, Inc.^*		34		352
ePlus, Inc.^*		4		348
Sonus Networks, Inc.^*		42		331
Harte-Hanks, Inc.		42		328
Safeguard Scientifics, Inc.^*		18		326
Blue Nile, Inc.^*		10		318
FairPoint Communications, Inc.^*		18		317
Entravision Communications Corp. — Class A		50		317
Lionbridge Technologies, Inc.^*		55		315
Cumulus Media, Inc. — Class A^*		124		306
Calix, Inc.^*		36		302
Dice Holdings, Inc.^*		33		294
RigNet, Inc.^*		10		286
ORBCOMM, Inc.^*		47		281
Intelsat S.A.^*		23		276
Black Box Corp.		13		272
GTT Communications, Inc.^*		14		264
Extreme Networks, Inc.^*		83		262
Entercom Communications Corp. — Class A^*		21		255
Zendesk, Inc.^*		11		250
IDT Corp. — Class B		14		249
1-800-Flowers.com, Inc. — Class A^*		21		248
EVINE Live, Inc.^*		37		248
Lumos Networks Corp.		16		244
Bazaarvoice, Inc.^*		43		243
Overstock.com, Inc.^*		10		242
Hawaiian Telcom Holdco, Inc.^*		9		240
Wix.com Ltd.^*		12		230
VirnetX Holding Corp.^*		37		225
Box, Inc. — Class A^*		11		217
Angie's List, Inc.^*		37		217
KVH Industries, Inc.^*		14		212
Liquidity Services, Inc.^*		21		207
Zix Corp.^*		51		200
Alliance Fiber Optic Products, Inc.		11		192
Q2 Holdings, Inc.^*		9		190
Limelight Networks, Inc.^*		52		189
Daily Journal Corp.^*		1		183
Telenav, Inc.^*		23		182
Reis, Inc.		7		179
QuinStreet, Inc.^*		30		179
ChannelAdvisor Corp.^*		18		174
Procera Networks, Inc.^*		18		169
Martha Stewart Living Omnimedia, Inc. — Class A^*		26		169
Central European Media Enterprises Ltd. — Class A^*		61		162
TechTarget, Inc.^*		14		161
Oclaro, Inc.^*		80		158
TeleCommunication Systems, Inc. — Class A^*		41		157
Boingo Wireless, Inc.^*		20		151
Clearfield, Inc.^*		10		148
Numerex Corp. — Class A^*		13		148
Rocket Fuel, Inc.^*		16		147
Lee Enterprises, Inc.^*		46		146
Marin Software, Inc.^*		23		145
Sizmek, Inc.^*		19		138
RealNetworks, Inc.^*		20		135
Saga Communications, Inc. — Class A		3		134
AH Belo Corp. — Class A		16		132
Coupons.com, Inc.^*		11		129
Rubicon Project, Inc.^*		7		125
TrueCar, Inc.^*		7		125
Tessco Technologies, Inc.		5		123
ModusLink Global Solutions, Inc.^*		32		123
Crown Media Holdings, Inc. — Class A^*		30		120
Marchex, Inc. — Class B		28		114
Cinedigm Corp. — Class A^*		66		107
Townsquare Media, Inc. — Class A^*		8		103
magicJack VocalTec Ltd.^*		15		103
Cyan, Inc.^*		24		96
McClatchy Co. — Class A^*		52		96
Millennial Media, Inc.^*		65		94
Hemisphere Media Group, Inc.^*		7		89
Preformed Line Products Co.		2		84
YuMe, Inc.^*		16		83
Yodlee, Inc.^*		6		81
Global Sources Ltd.^*		13		76
NTELOS Holdings Corp.		15		72
Rightside Group Ltd.^*		7		71
Tremor Video, Inc.^*		30		70
ParkerVision, Inc.^*		83		69
Covisint Corp.^*		33		67
Connecture, Inc.^*		6		62
Radio One, Inc. — Class D^*		20		62
Travelzoo, Inc.^*		6		58
Salem Media Group, Inc. — Class A		9		55

Russell 2000^® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 26.1% (continued)
Communications - 1.7% (continued)
Dex Media, Inc.^*		13	$	54
Unwired Planet, Inc.^*		84		48
TubeMogul, Inc.^*		3		41
Demand Media, Inc.^*		7		40
Vringo, Inc.^*		61		40
Aerohive Networks, Inc.^*		8		36
ReachLocal, Inc.^*		11		32
Borderfree, Inc.^*		5		30
Total Communications				102,853
Utilities - 0.9%
Dynegy, Inc.^*		105		3,299
Cleco Corp.		52		2,835
IDACORP, Inc.		43		2,703
WGL Holdings, Inc.		45		2,539
UIL Holdings Corp.		49		2,520
Portland General Electric Co.		67		2,485
Piedmont Natural Gas Company, Inc.		67		2,473
Southwest Gas Corp.		40		2,327
New Jersey Resources Corp.		72		2,236
NorthWestern Corp.		40		2,152
ALLETE, Inc.		38		2,005
PNM Resources, Inc.		68		1,986
ONE Gas, Inc.		45		1,945
Black Hills Corp.		38		1,917
Laclede Group, Inc.		37		1,895
Avista Corp.		52		1,777
South Jersey Industries, Inc.		28		1,520
El Paso Electric Co.		35		1,352
MGE Energy, Inc.		30		1,330
American States Water Co.		33		1,316
Northwest Natural Gas Co.		23		1,103
Ormat Technologies, Inc.		28		1,065
NRG Yield, Inc. — Class A		20		1,015
California Water Service Group		41		1,005
Otter Tail Corp.		31		997
Empire District Electric Co.		37		918
Abengoa Yield plc		25		845
Chesapeake Utilities Corp.		12		607
Unitil Corp.		12		417
SJW Corp.		13		402
Connecticut Water Service, Inc.		9		327
PICO Holdings, Inc.^*		20		324
Middlesex Water Co.		14		319
Atlantic Power Corp.		104		292
York Water Co.		11		267
EnerNOC, Inc.^*		23		262
Artesian Resources Corp. — Class A		7		150
Ameresco, Inc. — Class A^*		17		126
Spark Energy, Inc. — Class A		3		44
Total Utilities				53,097
Energy - 0.8%
SemGroup Corp. — Class A		37		3,010
Diamondback Energy, Inc.^*		38		2,921
Carrizo Oil & Gas, Inc.^*		44		2,185
Western Refining, Inc.		42		2,075
Delek US Holdings, Inc.		51		2,027
PDC Energy, Inc.^*		34		1,837
Bristow Group, Inc.		31		1,687
Exterran Holdings, Inc.		50		1,679
Matador Resources Co.^*		63		1,381
Helix Energy Solutions Group, Inc.^*		91		1,361
SEACOR Holdings, Inc.^*		16		1,115
Pattern Energy Group, Inc.		38		1,076
Rosetta Resources, Inc.^*		63		1,072
Forum Energy Technologies, Inc.^*		51		1,000
Green Plains, Inc.		32		914
TerraForm Power, Inc. — Class A		24		876
SunCoke Energy, Inc.		57		851
Bonanza Creek Energy, Inc.^*		34		838
Synergy Resources Corp.^*		70		829
McDermott International, Inc.^*		204		783
Parsley Energy, Inc. — Class A^*		46		735
Stone Energy Corp.^*		48		705
Flotek Industries, Inc.^*		46		678
Newpark Resources, Inc.^*		73		665
Thermon Group Holdings, Inc.^*		27		650
Sanchez Energy Corp.^*		44		572
Primoris Services Corp.		33		567
RSP Permian, Inc.^*		22		554
CARBO Ceramics, Inc.		17		519
Magnum Hunter Resources Corp.^*		171		457
C&J Energy Services Ltd.^*		40		445
Callon Petroleum Co.^*		57		426
TETRA Technologies, Inc.^*		68		420
Matrix Service Co.^*		23		404
Northern Oil and Gas, Inc.^*		52		401
Plug Power, Inc.^*		143		370
Alon USA Energy, Inc.		22		365
Parker Drilling Co.^*		104		362
Penn Virginia Corp.^*		56		363
Bill Barrett Corp.^*		43		357
Westmoreland Coal Co.^*		13		348
Halcon Resources Corp.^*		224		345
Tesco Corp.		30		341
PHI, Inc.^*		11		331
Contango Oil & Gas Co.^*		15		330
Clean Energy Fuels Corp.^*		60		320
REX American Resources Corp.^*		5		304
Cloud Peak Energy, Inc.^*		52		303
Pioneer Energy Services Corp.^*		54		293
Triangle Petroleum Corp.^*		58		292
Energy XXI Ltd.		80		291
Gulfmark Offshore, Inc. — Class A		22		287
Renewable Energy Group, Inc.^*		30		277
Abraxas Petroleum Corp.^*		79		257
Clayton Williams Energy, Inc.^*		5		253
FuelCell Energy, Inc.^*		201		251
ION Geophysical Corp.^*		111		240
EXCO Resources, Inc.		130		238
Panhandle Oil and Gas, Inc. — Class A		12		237
Pacific Ethanol, Inc.^*		21		227
Approach Resources, Inc.^*		34		224
Vivint Solar, Inc.^*		18		219

Russell 2000^® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 26.1% (continued)
Energy - 0.8% (continued)
Natural Gas Services Group, Inc.^*		11	$	211
Enphase Energy, Inc.^*		16		211
Trecora Resources^*		17		207
Key Energy Services, Inc.^*		113		206
FutureFuel Corp.		19		195
Alpha Natural Resources, Inc.^*		190		190
Basic Energy Services, Inc.^*		27		187
Solazyme, Inc.^*		65		186
Arch Coal, Inc.^*		182		182
Geospace Technologies Corp.^*		11		182
Gulf Island Fabrication, Inc.		12		178
Gastar Exploration, Inc.^*		60		157
W&T Offshore, Inc.		30		153
Rex Energy Corp.^*		41		153
FMSA Holdings, Inc.^*		21		152
Comstock Resources, Inc.		41		146
Eclipse Resources Corp.^*		26		146
Goodrich Petroleum Corp.^*		39		138
Adams Resources & Energy, Inc.		2		134
Isramco, Inc.^*		1		126
PetroQuest Energy, Inc.^*		50		115
Willbros Group, Inc.^*		34		113
Jones Energy, Inc. — Class A^*		12		108
VAALCO Energy, Inc.^*		43		105
Hallador Energy Co.		9		105
TransAtlantic Petroleum Ltd.^*		19		101
Evolution Petroleum Corp.		17		101
Swift Energy Co.^*		38		82
North Atlantic Drilling Ltd.		61		71
Independence Contract Drilling, Inc.^*		9		63
Hercules Offshore, Inc.^*		138		58
Vantage Drilling Co.^*		176		58
FX Energy, Inc.^*		46		58
Warren Resources, Inc.^*		63		56
Amyris, Inc.^*		23		55
Mitcham Industries, Inc.^*		11		51
Emerald Oil, Inc.^*		67		50
Nuverra Environmental Solutions, Inc.^*		13		46
Vertex Energy, Inc.^*		11		41
Resolute Energy Corp.^*		67		38
Walter Energy, Inc.		56		35
Midstates Petroleum Company, Inc.^*		32		27
Glori Energy, Inc.^*		10		21
Profire Energy, Inc.^*		13		18
Miller Energy Resources, Inc.^*		26		16
Harvest Natural Resources, Inc.^*		36		16
American Eagle Energy Corp.^*		26		5
Total Energy				50,793
Basic Materials - 0.8%
Sensient Technologies Corp.		42		2,892
PolyOne Corp.		76		2,838
Axiall Corp.		60		2,816
Minerals Technologies, Inc.		30		2,193
Olin Corp.		68		2,179
HB Fuller Co.		43		1,843
Chemtura Corp.^*		62		1,692
US Silica Holdings, Inc.		46		1,638
Commercial Metals Co.		101		1,636
Balchem Corp.		26		1,440
Stillwater Mining Co.^*		103		1,331
A. Schulman, Inc.		25		1,205
Schweitzer-Mauduit International, Inc.		26		1,198
Worthington Industries, Inc.		44		1,171
Kaiser Aluminum Corp.		15		1,153
Tronox Ltd. — Class A		53		1,077
Innophos Holdings, Inc.		19		1,071
Clearwater Paper Corp.^*		16		1,045
Globe Specialty Metals, Inc.		55		1,040
PH Glatfelter Co.		37		1,019
Innospec, Inc.		21		974
Calgon Carbon Corp.		46		969
Resolute Forest Products, Inc.^*		56		966
Quaker Chemical Corp.		11		942
Hecla Mining Co.		315		939
Neenah Paper, Inc.		14		876
OM Group, Inc.		26		781
Ferro Corp.^*		62		778
Stepan Co.		17		708
Materion Corp.		18		692
AK Steel Holding Corp.^*		152		679
Deltic Timber Corp.		10		663
Horsehead Holding Corp.^*		48		608
Century Aluminum Co.^*		44		607
Kraton Performance Polymers, Inc.^*		28		566
Intrepid Potash, Inc.^*		48		555
Aceto Corp.		25		550
Coeur Mining, Inc.^*		89		419
Schnitzer Steel Industries, Inc. — Class A		23		365
Koppers Holdings, Inc.		18		354
OMNOVA Solutions, Inc.^*		41		350
Wausau Paper Corp.		36		343
Hawkins, Inc.		9		342
Zep, Inc.		20		341
Landec Corp.^*		23		321
American Vanguard Corp.		25		266
Kronos Worldwide, Inc.		18		228
Rentech, Inc.^*		195		218
KMG Chemicals, Inc.		8		214
Orchids Paper Products Co.		7		189
Ring Energy, Inc.^*		17		181
Universal Stainless & Alloy Products, Inc.^*		6		157
Oil-Dri Corporation of America		4		135
United States Lime & Minerals, Inc.		2		129
Noranda Aluminum Holding Corp.		38		113
Gold Resource Corp.		32		102
Shiloh Industries, Inc.^*		7		98
Molycorp, Inc.^*,1		156		60

Russell 2000^® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 26.1% (continued)
Basic Materials - 0.8% (continued)
Ryerson Holding Corp.^*		9	$	57
Total Basic Materials				50,312
Diversified - 0.1%
Horizon Pharma plc^*		56		1,455
HRG Group, Inc.^*		71		886
National Bank Holdings Corp. — Class A		30		564
FCB Financial Holdings, Inc. — Class A^*		7		192
Resource America, Inc. — Class A		13		118
Tiptree Financial, Inc. — Class A		7		46
Total Diversified				3,261
Government - 0.0%
Banco Latinoamericano de Comercio Exterior S.A. — Class E		26		853
Total Common Stocks
(Cost $1,033,624)				1,556,413

WARRANTS^†† - 0.0%
Tejon Ranch Co.
$10.50, 08/31/16^†		4		3
Magnum Hunter Resources Corp.
$8.50, 04/15/16		25		–
Imperial Holdings, Inc.
$10.75, 10/06/19		1		–
Total Warrants
(Cost $19)				3

RIGHTS^† - 0.0%
Leap Wireless International, Inc.
Expires 09/17/15^†††		78		197
Furiex Pharmaceuticals, Inc.
Expires 07/03/17^†††		7		68
Omthera Pharmaceuticals, Inc.
Expires 12/31/20^†††		10		6
Total Rights
(Cost $110)				271

MUTUAL FUNDS^† - 15.2%
Guggenheim Strategy Fund I²		36,493		908,672
Total Mutual Funds
(Cost $907,452)				908,672

	Face Amount
REPURCHASE AGREEMENTS^††^,3 - 30.5%
RBC Capital Markets issued 03/31/15 at 0.05% due 04/01/15	$	609,364		609,364
HSBC Group issued 03/31/15 at 0.03% due 04/01/15		609,363		609,363
UMB Financial Corp. issued 03/31/15 at 0.03% due 04/01/15		608,245		608,245
Total Repurchase Agreements
(Cost $1,826,972)				1,826,972

SECURITIES LENDING COLLATERAL^††^,4 - 0.0%
Repurchase Agreements
HSBC Securities, Inc. issued 03/31/15 at 0.10% due 04/01/15		405		405
BNP Paribas Securities Corp. issued 03/31/15 at 0.10% due 04/01/15		139		139
Barclays Capital, Inc. issued 03/31/15 at 0.10% due 04/01/15		72		72
Total Securities Lending Collateral
(Cost $616)				616
Total Investments - 71.8%
(Cost $3,768,793)			$	4,292,947
Other Assets & Liabilities, net - 28.2%				1,690,089
Total Net Assets - 100.0%			$	5,983,036

	Contracts		Unrealized Gain
EQUITY FUTURES CONTRACTS PURCHASED^†
June 2015 Russell 2000 Index Mini Futures Contracts (Aggregate Value of Contracts $874,440)		7	$	4,369

	Units
OTC EQUITY INDEX SWAP AGREEMENTS^††
Goldman Sachs International April 2015 Russell 2000 Index Swap, Terminating 04/28/15⁵ (Notional Value $3,745,320)		2,990	$	64,304
Credit Suisse Capital, LLC April 2015 Russell 2000 Index Swap, Terminating 04/28/15⁵ (Notional Value $1,884,169)		1,504		32,305
Barclays Bank plc April 2015 Russell 2000 Index Swap, Terminating 04/30/15⁵ (Notional Value $3,923,642)		3,132		29,612
(Total Notional Value $9,553,131)			$	126,221

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs, unless otherwise noted — See Note 3.
^††	Value determined based on Level 2 input, unless otherwise noted — See Note 3.
^†††	Value determined based on Level 3 inputs — See Note 3.
¹	All or portion of this security is on loan at March 31, 2015 — See Note 5.
²	Investment in a product that is managed by and/or pays a management fee to a party related to the Adviser — See Note 7.
³	Repurchase Agreements — See Note 4.
⁴	Securities lending collateral — See Note 5.
⁵	Total Return based on Russell 2000 Index +/- financing at a variable rate.

	plc — Public Limited Company
	REIT — Real Estate Investment Trust

S&P 500^® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 57.2%
Consumer, Non-cyclical - 13.4%
Johnson & Johnson		3,032	$	305,019
Procter & Gamble Co.		2,945		241,313
Pfizer, Inc.		6,684		232,536
Merck & Company, Inc.		3,095		177,901
Coca-Cola Co.		4,285		173,756
Gilead Sciences, Inc.^*		1,624		159,364
PepsiCo, Inc.		1,617		154,618
Amgen, Inc.		828		132,356
Philip Morris International, Inc.		1,687		127,081
Actavis plc^*		426		126,796
UnitedHealth Group, Inc.		1,040		123,022
Medtronic plc		1,554		121,197
Bristol-Myers Squibb Co.		1,813		116,939
Biogen, Inc.^*		256		108,093
Altria Group, Inc.		2,148		107,443
AbbVie, Inc.		1,738		101,743
Celgene Corp.^*		873		100,639
MasterCard, Inc. — Class A		1,065		92,005
Eli Lilly & Co.		1,066		77,445
Abbott Laboratories		1,646		76,259
Express Scripts Holding Co.^*		793		68,809
Mondelez International, Inc. — Class A		1,799		64,926
Colgate-Palmolive Co.		930		64,486
McKesson Corp.		254		57,455
Kraft Foods Group, Inc.		641		55,841
Anthem, Inc.		291		44,933
Automatic Data Processing, Inc.		518		44,362
Kimberly-Clark Corp.		399		42,737
Kroger Co.		536		41,090
Aetna, Inc.		384		40,908
Baxter International, Inc.		592		40,552
Alexion Pharmaceuticals, Inc.^*		220		38,126
General Mills, Inc.		658		37,243
Cigna Corp.		282		36,502
Regeneron Pharmaceuticals, Inc.^*		80		36,118
Becton Dickinson and Co.		229		32,828
Archer-Daniels-Midland Co.		692		32,801
Cardinal Health, Inc.		360		32,497
Vertex Pharmaceuticals, Inc.^*		264		31,144
McGraw Hill Financial, Inc.		298		30,813
Stryker Corp.		326		30,074
Humana, Inc.		163		29,017
AmerisourceBergen Corp. — Class A		228		25,917
Boston Scientific Corp.^*		1,451		25,755
Lorillard, Inc.		393		25,683
Perrigo Company plc		154		25,495
Zoetis, Inc.		546		25,274
Sysco Corp.		646		24,374
Mylan N.V.^*		407		24,155
HCA Holdings, Inc.^*		321		24,149
Reynolds American, Inc.		336		23,154
Mead Johnson Nutrition Co. — Class A		221		22,217
Monster Beverage Corp.^*		159		22,005
Zimmer Holdings, Inc.		185		21,741
Constellation Brands, Inc. — Class A^*		184		21,382
Whole Foods Market, Inc.		393		20,467
Estee Lauder Companies, Inc. — Class A		243		20,208
Intuitive Surgical, Inc.^*		40		20,201
Moody's Corp.		194		20,137
St. Jude Medical, Inc.		307		20,078
Kellogg Co.		276		18,202
Endo International plc^*		194		17,402
ConAgra Foods, Inc.		464		16,950
Edwards Lifesciences Corp.^*		118		16,810
Dr Pepper Snapple Group, Inc.		210		16,481
Hospira, Inc.^*		187		16,426
Hershey Co.		161		16,247
Mallinckrodt plc^*		127		16,085
Clorox Co.		143		15,786
Brown-Forman Corp. — Class B		170		15,360
DaVita HealthCare Partners, Inc.^*		188		15,281
Keurig Green Mountain, Inc.		132		14,748
Laboratory Corporation of America Holdings^*		109		13,744
CR Bard, Inc.		81		13,555
Molson Coors Brewing Co. — Class B		174		12,954
JM Smucker Co.		111		12,846
Henry Schein, Inc.^*		91		12,705
Tyson Foods, Inc. — Class A		319		12,218
Equifax, Inc.		130		12,090
Quest Diagnostics, Inc.		157		12,065
Western Union Co.		569		11,841
Universal Health Services, Inc. — Class B		99		11,653
McCormick & Company, Inc.		140		10,795
Coca-Cola Enterprises, Inc.		237		10,475
Varian Medical Systems, Inc.^*		109		10,256
H&R Block, Inc.		300		9,621
United Rentals, Inc.^*		105		9,572
Campbell Soup Co.		194		9,031
Robert Half International, Inc.		147		8,896
Cintas Corp.		106		8,653
Hormel Foods Corp.		147		8,357
DENTSPLY International, Inc.		153		7,787
ADT Corp.		187		7,764
Total System Services, Inc.		180		6,867
Quanta Services, Inc.^*		231		6,590
Tenet Healthcare Corp.^*		107		5,298
Avery Dennison Corp.		99		5,238
Patterson Companies, Inc.		93		4,537
Total Consumer, Non-cyclical				4,652,365
Financial - 9.5%
Berkshire Hathaway, Inc. — Class B^*		1,989		287,052
Wells Fargo & Co.		5,113		278,148
JPMorgan Chase & Co.		4,066		246,317
Bank of America Corp.		11,472		176,554
Citigroup, Inc.		3,309		170,480
Visa, Inc. — Class A		2,116		138,407

S&P 500^® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 57.2% (continued)
Financial - 9.5% (continued)
U.S. Bancorp		1,942	$	84,807
Goldman Sachs Group, Inc.		442		83,083
American International Group, Inc.		1,497		82,021
American Express Co.		956		74,683
Simon Property Group, Inc.		339		66,322
MetLife, Inc.		1,219		61,620
Morgan Stanley		1,681		59,995
PNC Financial Services Group, Inc.		568		52,960
BlackRock, Inc. — Class A		138		50,485
Bank of New York Mellon Corp.		1,214		48,851
Capital One Financial Corp.		602		47,450
American Tower Corp. — Class A		461		43,403
ACE Ltd.		357		39,802
Prudential Financial, Inc.		495		39,753
Charles Schwab Corp.		1,258		38,293
Travelers Companies, Inc.		350		37,846
State Street Corp.		450		33,089
Marsh & McLennan Companies, Inc.		588		32,981
CME Group, Inc. — Class A		346		32,770
Allstate Corp.		454		32,311
Public Storage		158		31,148
Equity Residential		397		30,911
Aflac, Inc.		479		30,661
BB&T Corp.		786		30,646
Crown Castle International Corp.		364		30,045
Health Care REIT, Inc.		381		29,475
Aon plc		306		29,413
Intercontinental Exchange, Inc.		122		28,459
Discover Financial Services		488		27,499
Ventas, Inc.		361		26,360
Ameriprise Financial, Inc.		199		26,037
Chubb Corp.		252		25,477
AvalonBay Communities, Inc.		144		25,092
Prologis, Inc.		559		24,350
SunTrust Banks, Inc.		572		23,503
Boston Properties, Inc.		167		23,460
T. Rowe Price Group, Inc.		284		22,998
Franklin Resources, Inc.		427		21,914
HCP, Inc.		502		21,691
Vornado Realty Trust		191		21,392
General Growth Properties, Inc.		685		20,242
Hartford Financial Services Group, Inc.		459		19,195
Weyerhaeuser Co.		573		18,995
Invesco Ltd.		468		18,575
M&T Bank Corp.		145		18,415
Fifth Third Bancorp		889		16,758
Host Hotels & Resorts, Inc.		826		16,669
Northern Trust Corp.		239		16,646
Essex Property Trust, Inc.		71		16,323
Lincoln National Corp.		280		16,089
Progressive Corp.		584		15,885
Principal Financial Group, Inc.		298		15,308
SL Green Realty Corp.		108		13,865
Regions Financial Corp.		1,465		13,844
Loews Corp.		326		13,311
KeyCorp		933		13,211
Macerich Co.		154		12,987
Affiliated Managers Group, Inc.^*		60		12,887
Kimco Realty Corp.		450		12,083
CBRE Group, Inc. — Class A^*		305		11,807
XL Group plc — Class A		278		10,230
Huntington Bancshares, Inc.		883		9,757
Unum Group		273		9,208
ETRADE Financial Corp.^		315		8,995
Navient Corp.		438		8,905
Comerica, Inc.		195		8,800
Cincinnati Financial Corp.		161		8,578
Plum Creek Timber Company, Inc.		192		8,342
Torchmark Corp.		139		7,634
Iron Mountain, Inc.		204		7,442
Apartment Investment & Management Co. — Class A		170		6,691
NASDAQ OMX Group, Inc.		129		6,571
Zions Bancorporation		221		5,967
Legg Mason, Inc.		108		5,962
Hudson City Bancorp, Inc.		525		5,502
People's United Financial, Inc.		336		5,107
Assurant, Inc.		75		4,606
Genworth Financial, Inc. — Class A^*		542		3,962
Total Financial				3,315,368
Technology - 7.7%
Apple, Inc.		6,352		790,379
Microsoft Corp.		8,947		363,740
Intel Corp.		5,165		161,510
International Business Machines Corp.		1,002		160,821
Oracle Corp.		3,496		150,853
QUALCOMM, Inc.		1,799		124,743
Texas Instruments, Inc.		1,142		65,305
Accenture plc — Class A		685		64,178
Hewlett-Packard Co.		1,982		61,759
EMC Corp.		2,168		55,414
salesforce.com, Inc.^*		660		44,095
Cognizant Technology Solutions Corp. — Class A^*		665		41,489
Adobe Systems, Inc.^*		519		38,375
Avago Technologies Ltd.		280		35,554
Micron Technology, Inc.^*		1,175		31,878
Applied Materials, Inc.		1,340		30,231
Intuit, Inc.		302		29,282
Broadcom Corp. — Class A		594		25,717
Cerner Corp.^*		333		24,396
Western Digital Corp.		237		21,569
Analog Devices, Inc.		340		21,420
Fidelity National Information Services, Inc.		311		21,167
Fiserv, Inc.^*		260		20,644
Skyworks Solutions, Inc.		208		20,444
Electronic Arts, Inc.^*		339		19,938
Seagate Technology plc		358		18,627
Paychex, Inc.		356		17,663
Red Hat, Inc.^*		200		15,150
SanDisk Corp.		232		14,760

S&P 500^® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 57.2% (continued)
Technology - 7.7% (continued)
Xerox Corp.		1,140	$	14,649
Autodesk, Inc.^*		247		14,484
Altera Corp.		328		14,074
Akamai Technologies, Inc.^*		195		13,854
Lam Research Corp.		174		12,221
Linear Technology Corp.		261		12,215
NetApp, Inc.		340		12,056
Xilinx, Inc.		285		12,056
NVIDIA Corp.		563		11,781
CA, Inc.		348		11,348
Citrix Systems, Inc.^*		174		11,113
Microchip Technology, Inc.		220		10,758
KLA-Tencor Corp.		177		10,317
Computer Sciences Corp.		154		10,053
Teradata Corp.^*		158		6,974
Pitney Bowes, Inc.		220		5,130
Dun & Bradstreet Corp.		39		5,006
Total Technology				2,679,190
Communications - 6.7%
Verizon Communications, Inc.		4,532		220,390
Facebook, Inc. — Class A^*		2,289		188,190
AT&T, Inc.		5,660		184,799
Walt Disney Co.		1,705		178,837
Google, Inc. — Class A^*		311		172,512
Google, Inc. — Class C^*		312		170,976
Comcast Corp. — Class A		2,771		156,478
Amazon.com, Inc.^*		415		154,421
Cisco Systems, Inc.		5,567		153,232
Time Warner, Inc.		906		76,503
eBay, Inc.^*		1,201		69,274
Twenty-First Century Fox, Inc. — Class A		1,994		67,477
Priceline Group, Inc.^*		57		66,356
DIRECTV^*		548		46,635
Time Warner Cable, Inc.		306		45,863
Yahoo!, Inc.^*		949		42,169
CBS Corp. — Class B		499		30,254
Netflix, Inc.^*		66		27,502
Viacom, Inc. — Class B		398		27,183
CenturyLink, Inc.		618		21,352
Omnicom Group, Inc.		269		20,977
Alliance Data Systems Corp.^*		68		20,145
Symantec Corp.		744		17,383
Level 3 Communications, Inc.^*		313		16,852
Nielsen N.V.		344		15,332
Equinix, Inc.		62		14,437
Motorola Solutions, Inc.		208		13,867
Expedia, Inc.		108		10,166
TripAdvisor, Inc.^*		122		10,147
Interpublic Group of Companies, Inc.		450		9,954
Gannett Company, Inc.		247		9,159
F5 Networks, Inc.^*		79		9,080
Harris Corp.		114		8,979
Juniper Networks, Inc.		395		8,919
News Corp. — Class A^*		545		8,725
Discovery Communications, Inc. — Class C^*		295		8,696
Frontier Communications Corp.		1,093		7,706
VeriSign, Inc.^*		115		7,702
Scripps Networks Interactive, Inc. — Class A		106		7,267
Discovery Communications, Inc. — Class A^*		162		4,983
Windstream Holdings, Inc.		657		4,862
Cablevision Systems Corp. — Class A		239		4,374
Total Communications				2,340,115
Consumer, Cyclical - 6.1%
Home Depot, Inc.		1,437		163,257
Wal-Mart Stores, Inc.		1,722		141,635
CVS Health Corp.		1,227		126,638
McDonald's Corp.		1,048		102,118
Walgreens Boots Alliance, Inc.		951		80,531
Lowe's Companies, Inc.		1,061		78,928
Starbucks Corp.		818		77,465
NIKE, Inc. — Class B		763		76,552
Costco Wholesale Corp.		480		72,718
Ford Motor Co.		4,314		69,627
Target Corp.		695		57,039
General Motors Co.		1,475		55,313
TJX Companies, Inc.		745		52,187
American Airlines Group, Inc.		782		41,274
Delta Air Lines, Inc.		899		40,419
Yum! Brands, Inc.		472		37,156
Johnson Controls, Inc.		717		36,165
Southwest Airlines Co.		737		32,649
VF Corp.		373		28,090
L Brands, Inc.		268		25,271
Delphi Automotive plc		316		25,198
Dollar General Corp.		331		24,951
PACCAR, Inc.		387		24,435
Macy's, Inc.		371		24,082
O'Reilly Automotive, Inc.^*		111		24,002
AutoZone, Inc.^*		35		23,876
Ross Stores, Inc.		226		23,811
Carnival Corp.		491		23,489
Chipotle Mexican Grill, Inc. — Class A^*		34		22,118
Dollar Tree, Inc.^*		224		18,176
Marriott International, Inc. — Class A		226		18,151
Kohl's Corp.		220		17,215
Whirlpool Corp.		85		17,175
CarMax, Inc.^*		229		15,803
Starwood Hotels & Resorts Worldwide, Inc.		187		15,615
Genuine Parts Co.		167		15,562
Bed Bath & Beyond, Inc.^*		202		15,509
WW Grainger, Inc.		65		15,328
BorgWarner, Inc.		247		14,939
Royal Caribbean Cruises Ltd.		180		14,733
Under Armour, Inc. — Class A^*		182		14,697
Hanesbrands, Inc.		437		14,644
Michael Kors Holdings Ltd.^*		219		14,399
Harley-Davidson, Inc.		231		14,031
Tractor Supply Co.		149		12,674
Mohawk Industries, Inc.^*		68		12,631

S&P 500^® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 57.2% (continued)
Consumer, Cyclical - 6.1% (continued)
The Gap, Inc.		289	$	12,522
Coach, Inc.		301		12,470
Nordstrom, Inc.		153		12,289
Fastenal Co.		296		12,265
Best Buy Company, Inc.		317		11,979
Wyndham Worldwide Corp.		131		11,852
Newell Rubbermaid, Inc.		296		11,565
Staples, Inc.		698		11,367
Wynn Resorts Ltd.		88		11,077
Tiffany & Co.		123		10,825
DR Horton, Inc.		363		10,338
Lennar Corp. — Class A		195		10,103
Harman International Industries, Inc.		75		10,022
PVH Corp.		90		9,590
Darden Restaurants, Inc.		135		9,361
Ralph Lauren Corp. — Class A		66		8,679
Mattel, Inc.		369		8,432
Family Dollar Stores, Inc.		104		8,241
PulteGroup, Inc.		361		8,025
Goodyear Tire & Rubber Co.		294		7,962
Hasbro, Inc.		122		7,715
Leggett & Platt, Inc.		151		6,960
AutoNation, Inc.^*		82		5,275
Urban Outfitters, Inc.^*		109		4,976
GameStop Corp. — Class A		118		4,479
Fossil Group, Inc.^*		48		3,958
Total Consumer, Cyclical				2,114,603
Industrial - 5.9%
General Electric Co.		10,976		272,316
3M Co.		692		114,145
Boeing Co.		714		107,157
United Technologies Corp.		901		105,597
Union Pacific Corp.		961		104,085
Honeywell International, Inc.		854		89,081
United Parcel Service, Inc. — Class B		758		73,480
Lockheed Martin Corp.		293		59,467
Thermo Fisher Scientific, Inc.		433		58,170
Danaher Corp.		670		56,883
Caterpillar, Inc.		661		52,900
FedEx Corp.		287		47,484
General Dynamics Corp.		344		46,691
Emerson Electric Co.		747		42,295
Illinois Tool Works, Inc.		381		37,010
Raytheon Co.		335		36,599
CSX Corp.		1,080		35,770
Eaton Corporation plc		518		35,193
Northrop Grumman Corp.		216		34,767
Norfolk Southern Corp.		335		34,478
Precision Castparts Corp.		155		32,550
Deere & Co.		370		32,445
TE Connectivity Ltd.		443		31,728
Corning, Inc.		1,386		31,434
Cummins, Inc.		183		25,371
Waste Management, Inc.		466		25,271
Amphenol Corp. — Class A		338		19,918
Tyco International plc		458		19,721
Ingersoll-Rand plc		287		19,539
Roper Industries, Inc.		109		18,748
Parker-Hannifin Corp.		155		18,411
Rockwell Automation, Inc.		148		17,167
Stanley Black & Decker, Inc.		172		16,402
Agilent Technologies, Inc.		366		15,207
Rockwell Collins, Inc.		145		14,000
AMETEK, Inc.		263		13,818
Textron, Inc.		302		13,388
Stericycle, Inc.^*		93		13,060
Pentair plc		199		12,515
Dover Corp.		178		12,303
Kansas City Southern		120		12,250
Vulcan Materials Co.		144		12,139
CH Robinson Worldwide, Inc.		160		11,715
Pall Corp.		116		11,645
L-3 Communications Holdings, Inc.		90		11,321
Waters Corp.^*		91		11,313
Republic Services, Inc. — Class A		273		11,073
Ball Corp.		150		10,596
Sealed Air Corp.		229		10,433
Masco Corp.		381		10,173
Expeditors International of Washington, Inc.		209		10,070
Martin Marietta Materials, Inc.		67		9,367
Snap-on, Inc.		63		9,265
Fluor Corp.		161		9,203
MeadWestvaco Corp.		183		9,126
Flowserve Corp.		147		8,304
Xylem, Inc.		199		6,969
Allegion plc		105		6,423
Jacobs Engineering Group, Inc.^*		140		6,322
PerkinElmer, Inc.		123		6,290
Garmin Ltd.		132		6,273
Ryder System, Inc.		58		5,504
FLIR Systems, Inc.		152		4,755
Owens-Illinois, Inc.^*		179		4,174
Joy Global, Inc.		106		4,153
Total Industrial				2,065,420
Energy - 4.6%
Exxon Mobil Corp.		4,575		388,876
Chevron Corp.		2,050		215,209
Schlumberger Ltd.		1,391		116,065
ConocoPhillips		1,343		83,614
Kinder Morgan, Inc.		1,858		78,148
Occidental Petroleum Corp.		840		61,319
EOG Resources, Inc.		598		54,830
Phillips 66		593		46,611
Anadarko Petroleum Corp.		553		45,794
Halliburton Co.		927		40,677
Williams Companies, Inc.		734		37,133
Valero Energy Corp.		562		35,754
Marathon Petroleum Corp.		298		30,512
Baker Hughes, Inc.		474		30,137
Pioneer Natural Resources Co.		162		26,489
Spectra Energy Corp.		732		26,476
Devon Energy Corp.		421		25,391
Apache Corp.		411		24,796
National Oilwell Varco, Inc.		447		22,345
Noble Energy, Inc.		422		20,636

S&P 500^® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 57.2% (continued)
Energy - 4.6% (continued)
Marathon Oil Corp.		736	$	19,217
Hess Corp.		265		17,986
Equities Corp.		166		13,756
Cabot Oil & Gas Corp. — Class A		451		13,318
Tesoro Corp.		136		12,415
Cimarex Energy Co.		96		11,049
ONEOK, Inc.		227		10,950
Southwestern Energy Co.^*		419		9,717
Cameron International Corp.^*		211		9,520
Range Resources Corp.		181		9,419
FMC Technologies, Inc.^*		252		9,327
Murphy Oil Corp.		182		8,481
Chesapeake Energy Corp.		564		7,986
Helmerich & Payne, Inc.		117		7,963
CONSOL Energy, Inc.		251		7,000
Newfield Exploration Co.^*		175		6,141
Transocean Ltd.		371		5,443
Ensco plc — Class A		256		5,394
First Solar, Inc.^*		82		4,903
Noble Corporation plc		264		3,770
QEP Resources, Inc.		176		3,670
Diamond Offshore Drilling, Inc.		73		1,956
Total Energy				1,610,193
Utilities - 1.7%
Duke Energy Corp.		772		59,273
NextEra Energy, Inc.		484		50,360
Dominion Resources, Inc.		641		45,428
Southern Co.		992		43,926
Exelon Corp.		938		31,526
American Electric Power Company, Inc.		534		30,038
PG&E Corp.		520		27,596
Sempra Energy		253		27,582
PPL Corp.		727		24,471
Public Service Enterprise Group, Inc.		552		23,140
Edison International		355		22,177
Consolidated Edison, Inc.		319		19,459
Xcel Energy, Inc.		552		19,215
Eversource Energy		345		17,429
FirstEnergy Corp.		459		16,093
DTE Energy Co.		193		15,573
Entergy Corp.		197		15,266
NiSource, Inc.		345		15,235
Wisconsin Energy Corp.		246		12,177
Ameren Corp.		265		11,183
CMS Energy Corp.		300		10,473
CenterPoint Energy, Inc.		469		9,572
NRG Energy, Inc.		368		9,270
AES Corp.		705		9,059
SCANA Corp.		156		8,578
Pinnacle West Capital Corp.		121		7,714
Pepco Holdings, Inc.		276		7,405
AGL Resources, Inc.		130		6,455
Integrys Energy Group, Inc.		87		6,266
TECO Energy, Inc.		257		4,986
Total Utilities				606,925
Basic Materials - 1.6%
EI du Pont de Nemours & Co.		987		70,542
Monsanto Co.		527		59,309
Dow Chemical Co.		1,187		56,952
Praxair, Inc.		315		38,033
LyondellBasell Industries N.V. — Class A		432		37,930
Ecolab, Inc.		294		33,628
PPG Industries, Inc.		148		33,380
Air Products & Chemicals, Inc.		210		31,769
International Paper Co.		461		25,581
Sherwin-Williams Co.		88		25,036
Freeport-McMoRan, Inc.		1,134		21,489
Sigma-Aldrich Corp.		130		17,973
Alcoa, Inc.		1,333		17,222
Nucor Corp.		348		16,540
Mosaic Co.		339		15,614
CF Industries Holdings, Inc.		52		14,751
Newmont Mining Corp.		544		11,810
Eastman Chemical Co.		162		11,220
International Flavors & Fragrances, Inc.		88		10,331
FMC Corp.		145		8,301
Airgas, Inc.		74		7,852
Allegheny Technologies, Inc.		118		3,541
Total Basic Materials				568,804
Diversified - 0.0%
Leucadia National Corp.		344		7,668
Total Common Stocks
(Cost $15,335,818)				19,960,651

MUTUAL FUNDS^† - 12.3%
Guggenheim Strategy Fund I¹		172,783		4,302,306
Total Mutual Funds
(Cost $4,294,103)				4,302,306

	Face Amount
REPURCHASE AGREEMENTS^††^,2 - 11.3%
RBC Capital Markets issued 03/31/15 at 0.05% due 04/01/15	$	1,319,680		1,319,680
HSBC Group issued 03/31/15 at 0.03% due 04/01/15		1,319,680		1,319,680
UMB Financial Corp. issued 03/31/15 at 0.03% due 04/01/15		1,317,259		1,317,259
Total Repurchase Agreements
(Cost $3,956,619)				3,956,619
Total Investments - 80.8%
(Cost $23,586,540)			$	28,219,576
Other Assets & Liabilities, net - 19.2%				6,716,591
Total Net Assets - 100.0%			$	34,936,167

	Contracts		Unrealized Gain
EQUITY FUTURES CONTRACTS PURCHASED^†
June 2015 S&P 500 Index Mini Futures Contracts (Aggregate Value of Contracts $6,075,525)		59	$	39,823

	Units
OTC EQUITY INDEX SWAP AGREEMENTS^††
Credit Suisse Capital, LLC April 2015 S&P 500 Index Swap, Terminating 04/28/15³ (Notional Value $11,517,411)		5,570	$	54,110

S&P 500^® 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Units		Unrealized Gain
OTC EQUITY INDEX SWAP AGREEMENTS^†† (continued)
Barclays Bank plc April 2015 S&P 500 Index Swap, Terminating 04/30/15³ (Notional Value $29,766,131)		14,394	$	44,886
Goldman Sachs International April 2015 S&P 500 Index Swap, Terminating 04/28/15³ (Notional Value $1,605,935)		777		10,153
(Total Notional Value $42,889,477)			$	109,149

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Investment in a product that is managed by and/or pays a management fee to a party related to the Adviser — See Note 7.
²	Repurchase Agreements — See Note 4.
³	Total Return based on S&P 500 Index +/- financing at a variable rate.

	plc — Public Limited Company
	REIT — Real Estate Investment Trust

S&P 500^® Pure Growth Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.4%
Consumer, Non-cyclical - 27.6%
Constellation Brands, Inc. — Class A^*		11,800	$	1,371,420
Actavis plc^*		4,337		1,290,698
Regeneron Pharmaceuticals, Inc.^*		2,734		1,234,346
Monster Beverage Corp.^*		8,392		1,161,411
AmerisourceBergen Corp. — Class A		9,900		1,125,333
Alexion Pharmaceuticals, Inc.^*		6,420		1,112,586
Celgene Corp.^*		9,508		1,096,082
Gilead Sciences, Inc.^*		10,550		1,035,272
Zoetis, Inc.		20,300		939,687
DaVita HealthCare Partners, Inc.^*		11,000		894,080
Edwards Lifesciences Corp.^*		6,100		869,006
Amgen, Inc.		5,300		847,205
Keurig Green Mountain, Inc.		7,226		807,361
Moody's Corp.		7,447		772,999
Biogen, Inc.^*		1,724		727,942
United Rentals, Inc.^*		7,700		701,932
Robert Half International, Inc.		11,472		694,285
Mylan N.V.^*		10,100		599,435
Intuitive Surgical, Inc.^*		1,058		534,322
Hospira, Inc.^*		5,700		500,688
Molson Coors Brewing Co. — Class B		6,700		498,815
Cintas Corp.		5,900		481,617
Dr Pepper Snapple Group, Inc.		6,100		478,728
AbbVie, Inc.		7,200		421,488
MasterCard, Inc. — Class A		4,800		414,672
Lorillard, Inc.		5,145		336,226
Total Consumer, Non-cyclical				20,947,636
Consumer, Cyclical - 22.2%
DR Horton, Inc.		70,600		2,010,688
Lennar Corp. — Class A		30,200		1,564,662
Under Armour, Inc. — Class A^*		18,185		1,468,439
Southwest Airlines Co.		29,031		1,286,073
Delta Air Lines, Inc.		25,335		1,139,062
O'Reilly Automotive, Inc.^*		4,800		1,037,952
Chipotle Mexican Grill, Inc. — Class A^*		1,400		910,756
CVS Health Corp.		7,700		794,717
Harman International Industries, Inc.		5,600		748,328
Lowe's Companies, Inc.		9,800		729,022
Dollar Tree, Inc.^*		7,945		644,697
Wyndham Worldwide Corp.		6,680		604,340
AutoZone, Inc.^*		800		545,728
Michael Kors Holdings Ltd.^*		8,080		531,260
Hanesbrands, Inc.		14,600		489,246
VF Corp.		6,177		465,190
Nordstrom, Inc.		5,000		401,600
Home Depot, Inc.		3,500		397,635
NIKE, Inc. — Class B		3,800		381,254
Ross Stores, Inc.		3,600		379,296
Leggett & Platt, Inc.		8,000		368,720
Total Consumer, Cyclical				16,898,665
Technology - 17.4%
Micron Technology, Inc.^*		52,363		1,420,607
Avago Technologies Ltd.		11,000		1,396,780
Apple, Inc.		10,000		1,244,300
Akamai Technologies, Inc.^*		17,400		1,236,183
Skyworks Solutions, Inc.		11,400		1,120,506
Red Hat, Inc.^*		12,000		909,000
Seagate Technology plc		15,287		795,382
Electronic Arts, Inc.^*		12,672		745,304
Cognizant Technology Solutions Corp. — Class A^*		11,654		727,093
Western Digital Corp.		7,162		651,814
Fiserv, Inc.^*		6,500		516,100
Cerner Corp.^*		5,229		383,077
NVIDIA Corp.		17,500		366,188
QUALCOMM, Inc.		5,192		360,013
Citrix Systems, Inc.^*		5,500		351,285
SanDisk Corp.		5,410		344,184
Intel Corp.		10,899		340,812
Lam Research Corp.		4,800		337,128
Total Technology				13,245,756
Communications - 13.1%
Facebook, Inc. — Class A^*		16,627		1,366,989
VeriSign, Inc.^*		18,053		1,209,009
Expedia, Inc.		12,800		1,204,864
DIRECTV^*		12,534		1,066,643
Equinix, Inc.		3,700		861,545
F5 Networks, Inc.^*		6,900		793,086
Yahoo!, Inc.^*		17,254		766,681
Priceline Group, Inc.^*		444		516,883
Time Warner, Inc.		5,800		489,752
Alliance Data Systems Corp.^*		1,600		474,000
Walt Disney Co.		4,100		430,049
eBay, Inc.^*		6,300		363,384
Google, Inc. — Class A^*		398		220,771
Google, Inc. — Class C^*		399		218,652
Total Communications				9,982,308
Financial - 11.0%
American Tower Corp. — Class A		9,300		875,595
CBRE Group, Inc. — Class A^*		20,200		781,942
Health Care REIT, Inc.		8,500		657,560
Host Hotels & Resorts, Inc.		31,500		635,670
Navient Corp.		30,200		613,966
Kimco Realty Corp.		21,900		588,015
Equity Residential		7,400		576,164
Legg Mason, Inc.		10,200		563,040
Visa, Inc. — Class A		8,136		532,176
AvalonBay Communities, Inc.		2,800		487,900
Ameriprise Financial, Inc.		3,376		441,716
Macerich Co.		5,086		428,902
Essex Property Trust, Inc.		1,800		413,820
Boston Properties, Inc.		2,900		407,392
Ventas, Inc.		5,500		401,610
Total Financial				8,405,468
Industrial - 3.4%
Union Pacific Corp.		5,500		595,705
Martin Marietta Materials, Inc.		4,200		587,160
Amphenol Corp. — Class A		8,500		500,905
Thermo Fisher Scientific, Inc.		3,500		470,190

S&P 500^® Pure Growth Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.4% (continued)
Industrial - 3.4% (continued)
CH Robinson Worldwide, Inc.		6,300	$	461,286
Total Industrial				2,615,246
Energy - 3.0%
EOG Resources, Inc.		7,340		673,005
Range Resources Corp.		11,483		597,575
Cabot Oil & Gas Corp. — Class A		20,080		592,962
Williams Companies, Inc.		8,100		409,779
Total Energy				2,273,321
Basic Materials - 1.7%
Sherwin-Williams Co.		2,000		569,000
Sigma-Aldrich Corp.		2,800		387,100
Ecolab, Inc.		3,096		354,120
Total Basic Materials				1,310,220
Total Common Stocks
(Cost $60,855,985)				75,678,620

	Face Amount
REPURCHASE AGREEMENT^††^,1 - 0.6%
HSBC Group issued 03/31/15 at 0.03% due 04/01/15	$	480,234		480,234
Total Repurchase Agreement
(Cost $480,234)				480,234
Total Investments - 100.0%
(Cost $61,336,219)			$	76,158,854
Other Assets & Liabilities, net - 0.0%				(26,831	)
Total Net Assets - 100.0%			$	76,132,023

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Repurchase Agreement — See Note 4.

	plc —Public Limited Company
	REIT —Real Estate Investment Trust

S&P 500^® Pure Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.7%
Financial - 31.9%
Berkshire Hathaway, Inc. — Class B^*		6,138	$	885,836
Assurant, Inc.		12,567		771,739
Unum Group		18,996		640,734
MetLife, Inc.		11,278		570,103
Prudential Financial, Inc.		6,731		540,567
American International Group, Inc.		9,725		532,833
Hartford Financial Services Group, Inc.		12,618		527,685
Genworth Financial, Inc. — Class A^*		71,999		526,313
Lincoln National Corp.		9,130		524,610
Loews Corp.		11,502		469,627
XL Group plc — Class A		11,194		411,939
SunTrust Banks, Inc.		9,202		378,110
Citigroup, Inc.		7,010		361,155
Morgan Stanley		9,690		345,836
Zions Bancorporation		12,510		337,770
JPMorgan Chase & Co.		5,500		333,190
People's United Financial, Inc.		21,370		324,824
Capital One Financial Corp.		4,047		318,985
Travelers Companies, Inc.		2,950		318,984
Aflac, Inc.		4,955		317,170
Bank of America Corp.		19,317		297,289
PNC Financial Services Group, Inc.		3,156		294,265
KeyCorp		20,070		284,191
Goldman Sachs Group, Inc.		1,507		283,271
ACE Ltd.		2,417		269,471
NASDAQ OMX Group, Inc.		5,225		266,162
Cincinnati Financial Corp.		4,700		250,416
Fifth Third Bancorp		13,056		246,106
Progressive Corp.		9,046		246,051
Comerica, Inc.		5,370		242,348
BB&T Corp.		5,963		232,497
Chubb Corp.		2,240		226,464
Principal Financial Group, Inc.		4,190		215,240
Bank of New York Mellon Corp.		5,260		211,662
Torchmark Corp.		3,849		211,387
Hudson City Bancorp, Inc.		20,025		209,862
Huntington Bancshares, Inc.		17,084		188,778
Total Financial				13,613,470
Energy - 25.4%
Valero Energy Corp.		16,057		1,021,546
Phillips 66		8,998		707,243
Tesoro Corp.		7,353		671,255
Marathon Petroleum Corp.		6,406		655,910
Newfield Exploration Co.^*		16,310		572,317
Noble Corporation plc		38,656		552,008
Hess Corp.		8,116		550,833
First Solar, Inc.^*		8,550		511,205
Chesapeake Energy Corp.¹		33,540		474,926
Marathon Oil Corp.		17,526		457,604
Devon Energy Corp.		7,210		434,835
Murphy Oil Corp.		8,962		417,629
Diamond Offshore Drilling, Inc.¹		15,100		404,529
Chevron Corp.		3,658		384,017
QEP Resources, Inc.		17,710		369,254
Baker Hughes, Inc.		5,525		351,280
Ensco plc — Class A		16,567		349,067
Apache Corp.		5,401		325,842
National Oilwell Varco, Inc.		5,450		272,446
ConocoPhillips		4,226		263,111
Exxon Mobil Corp.		2,620		222,700
Helmerich & Payne, Inc.		3,230		219,866
Halliburton Co.		4,789		210,141
Transocean Ltd.¹		14,139		207,419
Occidental Petroleum Corp.		2,690		196,370
Total Energy				10,803,353
Consumer, Cyclical - 12.7%
General Motors Co.		20,561		771,039
Staples, Inc.		43,837		713,886
GameStop Corp. — Class A¹		16,118		611,839
Ford Motor Co.		36,045		581,766
Best Buy Company, Inc.		13,370		505,252
Kohl's Corp.		6,060		474,195
Goodyear Tire & Rubber Co.		16,320		441,946
Wal-Mart Stores, Inc.		3,108		255,633
Target Corp.		2,990		245,389
Costco Wholesale Corp.		1,475		223,455
Whirlpool Corp.		1,041		210,344
Carnival Corp.		3,711		177,534
Johnson Controls, Inc.		3,430		173,009
Total Consumer, Cyclical				5,385,287
Utilities - 8.1%
NRG Energy, Inc.		13,918		350,594
FirstEnergy Corp.		9,003		315,646
Exelon Corp.		9,005		302,658
AES Corp.		23,098		296,809
Entergy Corp.		3,190		247,193
Consolidated Edison, Inc.		3,897		237,717
PG&E Corp.		4,257		225,919
DTE Energy Co.		2,180		175,904
SCANA Corp.		3,160		173,768
Xcel Energy, Inc.		4,901		170,604
Duke Energy Corp.		2,150		165,077
Ameren Corp.		3,890		164,158
Pepco Holdings, Inc.		5,997		160,900
American Electric Power Company, Inc.		2,860		160,875
Pinnacle West Capital Corp.		2,410		153,638
TECO Energy, Inc.		7,263		140,902
Total Utilities				3,442,362
Consumer, Non-cyclical - 7.6%
Anthem, Inc.		4,720		728,815
Humana, Inc.		3,270		582,125
Archer-Daniels-Midland Co.		11,435		542,019
Tyson Foods, Inc. — Class A		14,061		538,536
Cardinal Health, Inc.		4,439		400,709
Sysco Corp.		6,920		261,092
Avery Dennison Corp.		3,110		164,550
Total Consumer, Non-cyclical				3,217,846
Industrial - 5.1%
Jacobs Engineering Group, Inc.^*		14,135		638,336
Fluor Corp.		8,080		461,853
L-3 Communications Holdings, Inc.		2,212		278,247

S&P 500^® Pure Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.7% (continued)
Industrial - 5.1% (continued)
Owens-Illinois, Inc.^*		10,640	$	248,125
Ryder System, Inc.		2,464		233,809
Deere & Co.		2,040		178,888
Joy Global, Inc.		3,276		128,354
Total Industrial				2,167,612
Basic Materials - 2.9%
Newmont Mining Corp.		12,550		272,461
Freeport-McMoRan, Inc.		14,242		269,886
Allegheny Technologies, Inc.		6,672		200,227
Nucor Corp.		3,730		177,287
LyondellBasell Industries N.V. — Class A		1,850		162,429
Dow Chemical Co.		3,318		159,198
Total Basic Materials				1,241,488
Communications - 2.4%
News Corp. — Class A^*		30,880		494,389
CenturyLink, Inc.		5,585		192,962
AT&T, Inc.		5,420		176,963
Juniper Networks, Inc.		6,350		143,383
Total Communications				1,007,697
Technology - 2.2%
Xerox Corp.		31,206		400,997
Computer Sciences Corp.		4,408		287,754
Hewlett-Packard Co.		7,574		236,006
Total Technology				924,757
Diversified - 1.4%
Leucadia National Corp.		25,860		576,419
Total Common Stocks
(Cost $33,693,446)				42,380,291

	Face Amount
REPURCHASE AGREEMENT^††^,2 - 0.7%
HSBC Group issued 03/31/15 at 0.03% due 04/01/15	$	278,885		278,885
Total Repurchase Agreement
(Cost $278,885)				278,885

SECURITIES LENDING COLLATERAL^††^,3 - 2.3%
Repurchase Agreements
HSBC Securities, Inc. issued 03/31/15 at 0.10% due 04/01/15		655,963		655,963
BNP Paribas Securities Corp. issued 03/31/15 at 0.10% due 04/01/15		225,651		225,651
Barclays Capital, Inc. issued 03/31/15 at 0.10% due 04/01/15		116,473		116,473
Total Securities Lending Collateral
(Cost $998,087)				998,087
Total Investments - 102.7%
(Cost $34,970,418)			$	43,657,263
Other Assets & Liabilities, net - (2.7)%				(1,135,200	)
Total Net Assets - 100.0%			$	42,522,063

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	All or portion of this security is on loan at March 31, 2015 — See Note 5.
²	Repurchase Agreement — See Note 4.
³	Securities lending collateral — See Note 5.

	plc —Public Limited Company

S&P MidCap 400^® Pure Growth Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.6%
Consumer, Non-cyclical - 26.1%
Centene Corp.^*		20,240	$	1,430,765
United Therapeutics Corp.^*		7,425		1,280,329
Akorn, Inc.^*		24,378		1,158,198
Salix Pharmaceuticals Ltd.^*		6,227		1,076,088
Hain Celestial Group, Inc.^*		14,890		953,705
WhiteWave Foods Co. — Class A^*		20,670		916,508
Global Payments, Inc.		6,831		626,266
IDEXX Laboratories, Inc.^*		3,880		599,382
VCA, Inc.^*		10,044		550,612
Boston Beer Company, Inc. — Class A^*		2,003		535,602
Gartner, Inc.^*		6,220		521,547
Corporate Executive Board Co.		5,992		478,521
Live Nation Entertainment, Inc.^*		18,123		457,243
STERIS Corp.		6,340		445,512
Service Corporation International		16,180		421,489
SEI Investments Co.		8,720		384,465
MEDNAX, Inc.^*		5,186		376,037
Charles River Laboratories International, Inc.^*		4,717		374,011
Cooper Companies, Inc.		1,790		335,482
Align Technology, Inc.^*		6,023		323,947
WEX, Inc.^*		3,010		323,154
Sirona Dental Systems, Inc.^*		3,330		299,667
Total Consumer, Non-cyclical				13,868,530
Consumer, Cyclical - 20.3%
JetBlue Airways Corp.^*		69,810		1,343,844
Toll Brothers, Inc.^*		29,605		1,164,661
NVR, Inc.^*		596		791,881
Buffalo Wild Wings, Inc.^*		3,980		721,335
Advance Auto Parts, Inc.		4,660		697,555
Signet Jewelers Ltd.		4,860		674,519
Alaska Air Group, Inc.		9,974		660,079
Foot Locker, Inc.		10,410		655,830
Tempur Sealy International, Inc.^*		10,516		607,194
Polaris Industries, Inc.		4,015		566,516
Brunswick Corp.		9,175		472,054
Carter's, Inc.		4,748		439,048
Williams-Sonoma, Inc.		5,456		434,898
Domino's Pizza, Inc.		4,227		425,025
Brinker International, Inc.		5,372		330,700
LKQ Corp.^*		12,531		320,292
HSN, Inc.		3,850		262,686
Deckers Outdoor Corp.^*		3,366		245,280
Total Consumer, Cyclical				10,813,397
Financial - 17.1%
Alexander & Baldwin, Inc.		28,415		1,226,960
Extra Space Storage, Inc.		13,572		917,060
Camden Property Trust		10,389		811,692
Jones Lang LaSalle, Inc.		4,681		797,642
LaSalle Hotel Properties		20,209		785,322
RenaissanceRe Holdings Ltd.		6,140		612,342
Duke Realty Corp.		27,249		593,211
Omega Healthcare Investors, Inc.		13,725		556,823
Primerica, Inc.		9,932		505,539
Weingarten Realty Investors		12,792		460,256
Lamar Advertising Co. — Class A		7,448		441,443
Signature Bank^*		3,241		419,969
Regency Centers Corp.		5,916		402,525
Kilroy Realty Corp.		4,013		305,670
UDR, Inc.		8,227		279,965
Total Financial				9,116,419
Industrial - 14.0%
Trinity Industries, Inc.		40,308		1,431,338
Eagle Materials, Inc.		14,535		1,214,545
Packaging Corporation of America		9,890		773,299
Old Dominion Freight Line, Inc.^*		8,427		651,407
Wabtec Corp.		6,839		649,773
Zebra Technologies Corp. — Class A^*		6,371		577,945
ITT Corp.		13,500		538,785
Acuity Brands, Inc.		2,880		484,301
Cognex Corp.^*		8,785		435,648
Landstar System, Inc.		6,380		422,994
Gentex Corp.		16,381		299,772
Total Industrial				7,479,807
Technology - 10.2%
Cadence Design Systems, Inc.^*		55,073		1,015,545
SolarWinds, Inc.^*		19,200		983,808
MAXIMUS, Inc.		12,670		845,849
Rackspace Hosting, Inc.^*		11,530		594,833
Fair Isaac Corp.		5,519		489,646
Ultimate Software Group, Inc.^*		2,615		444,432
ACI Worldwide, Inc.^*		19,160		415,006
Riverbed Technology, Inc.^*		17,760		371,362
Tyler Technologies, Inc.^*		2,400		289,272
Total Technology				5,449,753
Communications - 7.6%
ARRIS Group, Inc.^*		37,590		1,086,164
Fortinet, Inc.^*		26,780		935,961
InterDigital, Inc.		12,860		652,516
Qorvo, Inc.^*		7,982		636,165
AMC Networks, Inc. — Class A^*		5,400		413,856
FactSet Research Systems, Inc.		1,860		296,112
Total Communications				4,020,774
Basic Materials - 2.4%
Minerals Technologies, Inc.		6,980		510,238
Cytec Industries, Inc.		8,950		483,658
Valspar Corp.		3,620		304,189
Total Basic Materials				1,298,085
Energy - 1.1%
Dresser-Rand Group, Inc.^*		6,959		559,156
Utilities - 0.8%
UGI Corp.		13,370		435,728
Total Common Stocks
(Cost $47,341,413)				53,041,649

S&P MidCap 400^® Pure Growth Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Face Amount		Value
REPURCHASE AGREEMENT^††^,1 - 0.8%
HSBC Group issued 03/31/15 at 0.03% due 04/01/15	$	419,183	$	419,183
Total Repurchase Agreement
(Cost $419,183)				419,183
Total Investments - 100.4%
(Cost $47,760,596)			$	53,460,832
Other Assets & Liabilities, net - (0.4)%				(202,527	)
Total Net Assets - 100.0%			$	53,258,305

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Repurchase Agreement — See Note 4.

S&P MidCap 400^® Pure Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.5%
Industrial - 23.9%
AGCO Corp.		7,050	$	335,862
Arrow Electronics, Inc.^*		4,503		275,357
Avnet, Inc.		6,185		275,233
Tech Data Corp.^*		4,592		265,280
AECOM^*		8,376		258,148
Terex Corp.		9,340		248,351
Orbital ATK, Inc.		2,650		203,070
KBR, Inc.		13,781		199,549
Jabil Circuit, Inc.		7,900		184,702
Oshkosh Corp.		3,610		176,132
Vishay Intertechnology, Inc.		11,870		164,043
Greif, Inc. — Class A		4,160		163,363
Exelis, Inc.		6,422		156,504
Tidewater, Inc.¹		6,858		131,262
Con-way, Inc.		2,880		127,094
SPX Corp.		1,310		111,219
Triumph Group, Inc.		1,760		105,107
Rock-Tenn Co. — Class A		1,566		101,007
Kennametal, Inc.		2,650		89,279
Regal-Beloit Corp.		1,080		86,314
Granite Construction, Inc.		2,190		76,957
Bemis Company, Inc.		1,498		69,372
Timken Co.		1,370		57,732
TimkenSteel Corp.		1,980		52,411
Total Industrial				3,913,348
Financial - 18.5%
Reinsurance Group of America, Inc. — Class A		3,376		314,608
Old Republic International Corp.		15,330		229,029
Hanover Insurance Group, Inc.		3,079		223,474
Kemper Corp.		5,635		219,540
Aspen Insurance Holdings Ltd.		4,555		215,133
American Financial Group, Inc.		2,764		177,311
First American Financial Corp.		4,560		162,701
Everest Re Group Ltd.		824		143,376
StanCorp Financial Group, Inc.		2,056		141,042
FirstMerit Corp.		5,410		103,115
Mercury General Corp.		1,740		100,485
Trustmark Corp.		4,120		100,034
Associated Banc-Corp.		5,330		99,138
International Bancshares Corp.		3,766		98,029
Fulton Financial Corp.		7,888		97,338
Umpqua Holdings Corp.		5,160		88,649
Hancock Holding Co.		2,949		88,057
HCC Insurance Holdings, Inc.		1,501		85,062
Washington Federal, Inc.		3,780		82,423
TCF Financial Corp.		4,040		63,509
Valley National Bancorp		6,385		60,274
New York Community Bancorp, Inc.		3,526		58,990
Prosperity Bancshares, Inc.		1,080		56,678
Total Financial				3,007,995
Energy - 16.5%
Nabors Industries Ltd.		23,560		321,594
HollyFrontier Corp.		6,706		270,051
Patterson-UTI Energy, Inc.		13,150		246,891
Western Refining, Inc.		4,570		225,712
Denbury Resources, Inc.¹		29,800		217,242
Superior Energy Services, Inc.		9,373		209,393
SM Energy Co.		3,260		168,477
Murphy USA, Inc.^*		2,295		166,089
Unit Corp.^*		5,831		163,151
Atwood Oceanics, Inc.		5,770		162,195
Rowan Companies plc — Class A		8,475		150,092
NOW, Inc.^*,1		5,670		122,699
Rosetta Resources, Inc.^*		4,838		82,343
Oil States International, Inc.^*		1,817		72,262
Peabody Energy Corp.¹		14,259		70,154
Helix Energy Solutions Group, Inc.^*		2,920		43,683
Total Energy				2,692,028
Consumer, Non-cyclical - 12.7%
ManpowerGroup, Inc.		3,301		284,381
Halyard Health, Inc.^*		4,260		209,592
Community Health Systems, Inc.^*		3,915		204,676
WellCare Health Plans, Inc.^*		2,235		204,414
Health Net, Inc.^*		3,239		195,927
RR Donnelley & Sons Co.		9,220		176,932
Owens & Minor, Inc.		4,933		166,933
Rent-A-Center, Inc.		5,800		159,152
FTI Consulting, Inc.^*		2,795		104,701
United Natural Foods, Inc.^*		1,331		102,540
Dean Foods Co.		5,538		91,543
Aaron's, Inc.		3,120		88,327
Avon Products, Inc.		9,260		73,987
Total Consumer, Non-cyclical				2,063,105
Consumer, Cyclical - 11.2%
Ascena Retail Group, Inc.^*		21,435		311,021
Ingram Micro, Inc. — Class A^*		10,728		269,486
World Fuel Services Corp.		4,396		252,682
MDC Holdings, Inc.		7,295		207,908
Abercrombie & Fitch Co. — Class A		5,906		130,168
CST Brands, Inc.		2,835		124,258
JC Penney Company, Inc.^*,1		14,082		118,430
Guess?, Inc.		5,140		95,553
Dana Holding Corp.		4,230		89,507
International Speedway Corp. — Class A		2,570		83,808
Office Depot, Inc.^*		7,958		73,214
ANN, Inc.^*		1,635		67,084
Total Consumer, Cyclical				1,823,119
Basic Materials - 8.6%
Domtar Corp.		7,615		351,965
Reliance Steel & Aluminum Co.		3,900		238,212
Commercial Metals Co.		14,267		230,983
United States Steel Corp.		7,820		190,808
Cabot Corp.		3,552		159,840
Olin Corp.		3,705		118,708
Steel Dynamics, Inc.		5,579		112,138
Total Basic Materials				1,402,654
Utilities - 3.4%
ONE Gas, Inc.		2,960		127,961
Great Plains Energy, Inc.		4,037		107,707
Hawaiian Electric Industries, Inc.		3,124		100,343

S&P MidCap 400^® Pure Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.5% (continued)
Utilities - 3.4% (continued)
MDU Resources Group, Inc.		4,210	$	89,841
Atmos Energy Corp.		1,255		69,402
WGL Holdings, Inc.		1,096		61,814
Total Utilities				557,068
Technology - 2.5%
Advanced Micro Devices, Inc.^*		45,109		120,892
Lexmark International, Inc. — Class A		2,745		116,223
Convergys Corp.		3,695		84,505
NCR Corp.^*		2,710		79,972
Total Technology				401,592
Communications - 2.2%
Telephone & Data Systems, Inc.		7,792		194,021
Time, Inc.		7,150		160,446
Total Communications				354,467
Total Common Stocks
(Cost $12,989,333)				16,215,376

	Face Amount
REPURCHASE AGREEMENT^††^,2 - 0.8%
HSBC Group issued 03/31/15 at 0.03% due 04/01/15	$	124,245		124,245
Total Repurchase Agreement
(Cost $124,245)				124,245

SECURITIES LENDING COLLATERAL^††^,3 - 2.1%
Repurchase Agreements
HSBC Securities, Inc. issued 03/31/15 at 0.10% due 04/01/15		224,803		224,803
BNP Paribas Securities Corp. issued 03/31/15 at 0.10% due 04/01/15		77,332		77,332
Barclays Capital, Inc. issued 03/31/15 at 0.10% due 04/01/15		39,916		39,916
Total Securities Lending Collateral
(Cost $342,051)				342,051
Total Investments - 102.4%
(Cost $13,455,629)			$	16,681,672
Other Assets & Liabilities, net - (2.4)%				(393,276	)
Total Net Assets - 100.0%			$	16,288,396

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	All or portion of this security is on loan at March 31, 2015 — See Note 5.
²	Repurchase Agreement — See Note 4.
³	Securities lending collateral — See Note 5.

	plc — Public Limited Company

S&P SmallCap 600^® Pure Growth Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.6%
Consumer, Non-cyclical - 22.0%
Lannett Company, Inc.^*		16,080	$	1,088,776
ABIOMED, Inc.^*		9,095		651,020
Molina Healthcare, Inc.^*		8,030		540,339
Repligen Corp.^*		16,951		514,632
PAREXEL International Corp.^*		7,450		513,976
On Assignment, Inc.^*		13,089		502,224
Depomed, Inc.^*		20,628		462,273
ExamWorks Group, Inc.^*		10,530		438,259
Natus Medical, Inc.^*		9,059		357,559
AMN Healthcare Services, Inc.^*		15,400		355,278
Calavo Growers, Inc.		6,556		337,110
Cambrex Corp.^*		7,596		301,029
Cynosure, Inc. — Class A^*		9,551		292,929
Ligand Pharmaceuticals, Inc. — Class B^*		3,763		290,165
Cal-Maine Foods, Inc.¹		7,060		275,764
Anika Therapeutics, Inc.^*		6,592		271,393
Chemed Corp.		2,200		262,680
Abaxis, Inc.		4,080		261,569
Ensign Group, Inc.		5,353		250,842
Albany Molecular Research, Inc.^*		13,500		237,600
Snyder's-Lance, Inc.		6,840		218,607
Impax Laboratories, Inc.^*		4,420		207,165
Helen of Troy Ltd.^*		2,400		195,576
Affymetrix, Inc.^*		14,520		182,371
Cantel Medical Corp.		3,487		165,633
J&J Snack Foods Corp.		1,106		118,010
Global Payments, Inc.		1		92
Total Consumer, Non-cyclical				9,292,871
Financial - 22.0%
Universal Insurance Holdings, Inc.		23,150		592,409
Sabra Health Care REIT, Inc.		17,252		571,904
Chesapeake Lodging Trust		15,843		535,969
CoreSite Realty Corp.		10,711		521,410
Bank Mutual Corp.		56,266		411,867
DiamondRock Hospitality Co.		28,715		405,743
American Assets Trust, Inc.		9,152		396,099
HFF, Inc. — Class A		10,494		393,945
Universal Health Realty Income Trust		6,517		366,581
Associated Estates Realty Corp.		13,294		328,097
Post Properties, Inc.		5,309		302,241
Retail Opportunity Investments Corp.		15,842		289,909
First Midwest Bancorp, Inc.		16,315		283,392
Glacier Bancorp, Inc.		10,744		270,212
Boston Private Financial Holdings, Inc.		21,590		262,319
Home BancShares, Inc.		7,522		254,921
Medical Properties Trust, Inc.		17,229		253,955
MB Financial, Inc.		8,009		250,762
BofI Holding, Inc.^*		2,679		249,254
HCI Group, Inc.		5,400		247,698
PrivateBancorp, Inc. — Class A		6,607		232,368
PRA Group, Inc.^*		4,118		223,690
Bank of the Ozarks, Inc.		5,784		213,603
Sovran Self Storage, Inc.		2,201		206,762
Enova International, Inc.^*		9,987		196,644
Education Realty Trust, Inc.		5,259		186,063
Pinnacle Financial Partners, Inc.		4,165		185,176
Healthcare Realty Trust, Inc.		6,539		181,653
Inland Real Estate Corp.		16,460		175,957
Cousins Properties, Inc.		12,621		133,783
CareTrust REIT, Inc.		9,043		122,623
Total Financial				9,247,009
Consumer, Cyclical - 17.8%
Meritage Homes Corp.^*		12,090		588,057
Skechers U.S.A., Inc. — Class A^*		7,710		554,425
Pinnacle Entertainment, Inc.^*		15,223		549,398
Standard Pacific Corp.^*		55,120		496,080
Ryland Group, Inc.		8,950		436,223
G-III Apparel Group Ltd.^*		3,730		420,185
DTS, Inc.^*		11,200		381,584
Allegiant Travel Co. — Class A		1,824		350,737
Select Comfort Corp.^*		9,257		319,089
Zumiez, Inc.^*		7,910		318,378
Papa John's International, Inc.		4,737		292,793
BJ's Restaurants, Inc.^*		5,610		283,024
Popeyes Louisiana Kitchen, Inc.^*		4,730		282,949
Sonic Corp.		8,736		276,931
Winnebago Industries, Inc.		11,687		248,466
Jack in the Box, Inc.		2,350		225,412
Outerwall, Inc.¹		3,350		221,502
Texas Roadhouse, Inc. — Class A		5,949		216,722
Iconix Brand Group, Inc.^*		6,265		210,943
Wolverine World Wide, Inc.		6,275		209,899
Universal Electronics, Inc.^*		3,282		185,236
Marriott Vacations Worldwide Corp.		2,150		174,258
Francesca's Holdings Corp.^*		7,770		138,306
Scientific Games Corp. — Class A^*,1		9,455		98,994
Total Consumer, Cyclical				7,479,591
Industrial - 13.8%
TASER International, Inc.^*,1		25,890		624,208
Methode Electronics, Inc.		11,715		551,073
PGT, Inc.^*		42,398		473,798
ArcBest Corp.		10,031		380,074
Apogee Enterprises, Inc.		8,690		375,408
Lydall, Inc.^*		11,370		360,656
KapStone Paper and Packaging Corp.		10,877		357,201
Heartland Express, Inc.		14,820		352,122
Headwaters, Inc.^*		18,323		336,044
US Ecology, Inc.		6,620		330,801
Hillenbrand, Inc.		8,894		274,558
Knight Transportation, Inc.		8,042		259,355
Saia, Inc.^*		5,035		223,051
Bel Fuse, Inc. — Class B		11,527		219,359
Curtiss-Wright Corp.		2,840		209,990
Matson, Inc.		4,233		178,463
AZZ, Inc.		3,142		146,386
Forward Air Corp.		2,470		134,121
Total Industrial				5,786,668

S&P SmallCap 600^® Pure Growth Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.6% (continued)
Technology - 11.3%
Take-Two Interactive Software, Inc.^*		25,391	$	646,329
Synchronoss Technologies, Inc.^*		13,003		617,122
Omnicell, Inc.^*		11,935		418,918
Manhattan Associates, Inc.^*		7,759		392,684
IGATE Corp.^*		8,370		357,064
Synaptics, Inc.^*		4,016		326,521
Super Micro Computer, Inc.^*		9,560		317,487
NetScout Systems, Inc.^*,1		7,022		307,915
Tessera Technologies, Inc.		6,786		273,340
Monolithic Power Systems, Inc.		4,922		259,143
Virtusa Corp.^*		5,140		212,693
Dealertrack Technologies, Inc.^*		4,846		186,668
Blackbaud, Inc.		3,730		176,727
Electronics for Imaging, Inc.^*		3,775		157,606
MicroStrategy, Inc. — Class A^*		584		98,807
Total Technology				4,749,024
Communications - 6.4%
General Communication, Inc. — Class A^*		37,100		584,695
LogMeIn, Inc.^*		7,570		423,844
Dice Holdings, Inc.^*		39,152		349,236
comScore, Inc.^*		6,105		312,576
j2 Global, Inc.		4,540		298,187
EW Scripps Co. — Class A^*		9,386		266,938
VASCO Data Security International, Inc.^*,1		6,970		150,134
Consolidated Communications Holdings, Inc.		7,259		148,084
ViaSat, Inc.^*		1,942		115,763
EW Scripps Co.^*		980		25,088
Total Communications				2,674,545
Energy - 3.8%
Carrizo Oil & Gas, Inc.^*		13,235		657,118
Synergy Resources Corp.^*		49,326		584,512
Flotek Industries, Inc.^*		14,940		220,216
PetroQuest Energy, Inc.^*		63,400		145,820
Total Energy				1,607,666
Basic Materials - 2.5%
US Silica Holdings, Inc.¹		9,968		354,961
Deltic Timber Corp.		3,445		228,231
Neenah Paper, Inc.		2,999		187,557
Century Aluminum Co.^*		9,885		136,413
Balchem Corp.		2,250		124,605
Total Basic Materials				1,031,767
Total Common Stocks
(Cost $36,283,964)				41,869,141

	Face Amount
REPURCHASE AGREEMENT^††^,2 - 0.7%
HSBC Group issued 03/31/15 at 0.03% due 04/01/15	$	275,809		275,809
Total Repurchase Agreement
(Cost $275,809)				275,809

SECURITIES LENDING COLLATERAL^††^,3 - 2.9%
Repurchase Agreements
HSBC Securities, Inc. issued 03/31/15 at 0.10% due 04/01/15		793,044		793,044
BNP Paribas Securities Corp. issued 03/31/15 at 0.10% due 04/01/15		272,807		272,807
Barclays Capital, Inc. issued 03/31/15 at 0.10% due 04/01/15		140,813		140,813
Total Securities Lending Collateral
(Cost $1,206,664)				1,206,664
Total Investments - 103.2%
(Cost $37,766,437)			$	43,351,614

	Shares
COMMON STOCKS SOLD SHORT^† - 0.0%
Communications - 0.0%
Journal Media Group, Inc.^*		2,346		(20,504	)
Total Common Stocks Sold Short
(Proceeds $20,515)				(20,504	)
Other Assets & Liabilities, net - (3.2)%				(1,289,641	)
Total Net Assets - 100.0%			$	42,041,469

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	All or portion of this security is on loan at March 31, 2015 — See Note 5.
²	Repurchase Agreement — See Note 4.
³	Securities lending collateral — See Note 5.

	REIT —Real Estate Investment Trust

S&P SmallCap 600^® Pure Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.6%
Industrial - 20.6%
TTM Technologies, Inc.^*		21,640	$	194,976
Griffon Corp.		9,544		166,352
AAR Corp.		5,099		156,540
Benchmark Electronics, Inc.^*		6,385		153,433
Gibraltar Industries, Inc.^*		8,968		147,165
Universal Forest Products, Inc.		2,404		133,374
Olympic Steel, Inc.		9,821		132,191
Atlas Air Worldwide Holdings, Inc.^*		2,850		122,607
RTI International Metals, Inc.^*		3,410		122,453
Comfort Systems USA, Inc.		5,680		119,507
Sanmina Corp.^*		4,834		116,934
Roadrunner Transportation Systems, Inc.^*		4,582		115,787
Aegion Corp. — Class A^*		5,907		106,621
EMCOR Group, Inc.		2,091		97,169
Briggs & Stratton Corp.		4,345		89,246
Hub Group, Inc. — Class A^*		2,159		84,827
Plexus Corp.^*		2,065		84,190
Tredegar Corp.		4,095		82,350
Fabrinet^*		4,124		78,315
Hornbeck Offshore Services, Inc.^*		4,094		77,008
Encore Wire Corp.		1,882		71,290
Celadon Group, Inc.		2,580		70,228
II-VI, Inc.^*		3,620		66,825
National Presto Industries, Inc.		1,048		66,433
Kaman Corp.		1,460		61,948
General Cable Corp.		3,260		56,170
DXP Enterprises, Inc.^*		1,061		46,779
LSB Industries, Inc.^*		1,100		45,463
Astec Industries, Inc.		923		39,578
Powell Industries, Inc.		1,171		39,545
Tetra Tech, Inc.		1,410		33,868
AM Castle & Co.^*,1		7,113		25,962
Total Industrial				3,005,134
Consumer, Non-cyclical - 18.3%
Central Garden & Pet Co. — Class A^*		18,808		199,741
Universal Corp.		4,140		195,242
Kelly Services, Inc. — Class A		9,906		172,760
Seneca Foods Corp. — Class A^*		5,730		170,811
SpartanNash Co.		4,925		155,433
Monster Worldwide, Inc.^*		24,154		153,136
Almost Family, Inc.^*		3,417		152,774
PharMerica Corp.^*		4,974		140,217
Viad Corp.		4,823		134,176
Kindred Healthcare, Inc.		5,589		132,962
Magellan Health, Inc.^*		1,770		125,351
ABM Industries, Inc.		3,904		124,381
LHC Group, Inc.^*		3,288		108,603
CDI Corp.		7,663		107,665
Insperity, Inc.		1,869		97,730
Brink's Co.		3,450		95,324
Hanger, Inc.^*		4,106		93,166
Invacare Corp.		4,596		89,208
TrueBlue, Inc.^*		3,490		84,982
Andersons, Inc.		1,961		81,127
Heidrick & Struggles International, Inc.		2,163		53,167
Total Consumer, Non-cyclical				2,667,956
Consumer, Cyclical - 17.8%
Cash America International, Inc.		8,430		196,418
SkyWest, Inc.		12,595		184,013
Pep Boys-Manny Moe & Jack^*		15,362		147,782
M/I Homes, Inc.^*		6,180		147,331
ScanSource, Inc.^*		3,053		124,104
Stage Stores, Inc.		5,290		121,247
EZCORP, Inc. — Class A^*		13,099		119,594
Big 5 Sporting Goods Corp.		8,933		118,541
United Stationers, Inc.		2,637		108,091
Titan International, Inc.		10,678		99,946
Fred's, Inc. — Class A		5,817		99,413
Sonic Automotive, Inc. — Class A		3,814		94,969
Superior Industries International, Inc.		4,762		90,145
Perry Ellis International, Inc.^*		3,634		84,164
VOXX International Corp. — Class A^*		8,512		77,970
Haverty Furniture Companies, Inc.		3,110		77,377
Biglari Holdings, Inc.^*		179		74,124
Unifi, Inc.^*		1,990		71,819
Arctic Cat, Inc.		1,970		71,550
Barnes & Noble, Inc.^*		2,720		64,600
Ruby Tuesday, Inc.^*		10,517		63,207
Marcus Corp.		2,925		62,273
Casey's General Stores, Inc.		679		61,178
Callaway Golf Co.		5,750		54,798
Stein Mart, Inc.		4,366		54,356
Children's Place, Inc.		719		46,153
Genesco, Inc.^*		581		41,385
Movado Group, Inc.		1,170		33,368
Total Consumer, Cyclical				2,589,916
Energy - 14.4%
Pioneer Energy Services Corp.^*		31,582		171,175
Basic Energy Services, Inc.^*		23,545		163,168
Green Plains, Inc.		5,654		161,422
Northern Oil and Gas, Inc.^*		16,380		126,290
Penn Virginia Corp.^*,1		17,546		113,698
C&J Energy Services Ltd.^*		9,079		101,049
TETRA Technologies, Inc.^*		16,270		100,549
Cloud Peak Energy, Inc.^*		16,130		93,877
Gulf Island Fabrication, Inc.		6,262		93,053
Matrix Service Co.^*		4,690		82,356
ION Geophysical Corp.^*		35,276		76,549
SEACOR Holdings, Inc.^*		1,090		75,940
Stone Energy Corp.^*		5,064		74,340
Swift Energy Co.^*,1		32,733		70,703
Newpark Resources, Inc.^*		6,942		63,242
CARBO Ceramics, Inc.¹		2,020		61,630
Tesco Corp.		5,411		61,523
PDC Energy, Inc.^*		1,112		60,092
Exterran Holdings, Inc.		1,657		55,625
Gulfmark Offshore, Inc. — Class A		4,053		52,851

S&P SmallCap 600^® Pure Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.6% (continued)
Energy - 14.4% (continued)
Rex Energy Corp.^*,1		14,030	$	52,192
Geospace Technologies Corp.^*		2,500		41,275
FutureFuel Corp.		3,368		34,589
Comstock Resources, Inc.¹		8,792		31,387
Bristow Group, Inc.		562		30,601
Arch Coal, Inc.^*,1		26,982		26,979
Paragon Offshore plc¹		17,857		23,214
Total Energy				2,099,369
Financial - 11.7%
Meadowbrook Insurance Group, Inc.		25,039		212,831
Stewart Information Services Corp.		3,509		142,606
Employers Holdings, Inc.		4,904		132,359
United Fire Group, Inc.		4,019		127,684
Infinity Property & Casualty Corp.		1,251		102,645
Selective Insurance Group, Inc.		3,302		95,923
Navigators Group, Inc.^*		1,134		88,271
Horace Mann Educators Corp.		2,441		83,482
OFG Bancorp		4,860		79,315
First BanCorp^*		11,949		74,084
Calamos Asset Management, Inc. — Class A		5,473		73,612
Forestar Group, Inc.^*		4,620		72,857
Astoria Financial Corp.		5,620		72,779
Susquehanna Bancshares, Inc.		4,267		58,501
Provident Financial Services, Inc.		2,760		51,474
Safety Insurance Group, Inc.		839		50,130
Wintrust Financial Corp.		910		43,389
Central Pacific Financial Corp.		1,520		34,914
Capstead Mortgage Corp.		2,926		34,439
ProAssurance Corp.		740		33,973
Old National Bancorp		2,236		31,729
Total Financial				1,696,997
Basic Materials - 6.4%
Kraton Performance Polymers, Inc.^*		6,174		124,778
OM Group, Inc.		3,726		111,892
Zep, Inc.		6,546		111,478
Stepan Co.		2,540		105,816
A. Schulman, Inc.		2,090		100,738
Veritiv Corp.^*		1,909		84,244
PH Glatfelter Co.		2,960		81,489
Materion Corp.		2,011		77,283
Kaiser Aluminum Corp.		896		68,893
American Vanguard Corp.		3,220		34,196
Koppers Holdings, Inc.		1,547		30,445
Total Basic Materials				931,252
Technology - 5.8%
Insight Enterprises, Inc.^*		5,611		160,025
Ciber, Inc.^*		33,221		136,871
SYNNEX Corp.		1,455		112,399
Digi International, Inc.^*		9,431		94,121
ManTech International Corp. — Class A		2,746		93,199
CACI International, Inc. — Class A^*		892		80,209
Engility Holdings, Inc.		2,160		64,886
Sykes Enterprises, Inc.^*		2,280		56,658
Cohu, Inc.		3,640		39,822
Total Technology				838,190
Communications - 4.2%
Liquidity Services, Inc.^*,1		15,594		154,068
Harte-Hanks, Inc.		13,716		106,985
Scholastic Corp.		2,214		90,641
Blucora, Inc.^*		5,710		77,999
Anixter International, Inc.^*		1,012		77,044
Spok Holdings, Inc.		2,317		44,417
NETGEAR, Inc.^*		1,101		36,201
Black Box Corp.		1,337		27,983
Total Communications				615,338
Utilities - 0.4%
Laclede Group, Inc.		624		31,961
Avista Corp.		933		31,890
Total Utilities				63,851
Total Common Stocks
(Cost $12,124,563)				14,508,003

	Face Amount
REPURCHASE AGREEMENT^††^,2 - 0.7%
HSBC Group issued 03/31/15 at 0.03% due 04/01/15	$	108,335		108,335
Total Repurchase Agreement
(Cost $108,335)				108,335

SECURITIES LENDING COLLATERAL^††^,3 - 2.0%
Repurchase Agreements
HSBC Securities, Inc. issued 03/31/15 at 0.10% due 04/01/15		191,113		191,113
BNP Paribas Securities Corp. issued 03/31/15 at 0.10% due 04/01/15		65,743		65,743
Barclays Capital, Inc. issued 03/31/15 at 0.10% due 04/01/15		33,934		33,934
Total Securities Lending Collateral
(Cost $290,790)				290,790
Total Investments - 102.3%
(Cost $12,523,688)			$	14,907,128
Other Assets & Liabilities, net - (2.3)%				(339,049	)
Total Net Assets - 100.0%			$	14,568,079

S&P SmallCap 600^® Pure Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	All or portion of this security is on loan at March 31, 2015 — See Note 5.
²	Repurchase Agreement — See Note 4.
³	Securities lending collateral — See Note 5.

	plc —Public Limited Company

Select Allocation Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
EXCHANGE-TRADED FUNDS^† - 99.1%
United States of America - 57.6%
iShares Floating Rate Bond ETF		25,321	$	1,282,256
Powershares QQQ Trust Series 1		11,882		1,254,740
Financial Select Sector SPDR Fund		50,040		1,206,464
SPDR Dow Jones Industrial Average ETF Trust		5,404		959,642
Vanguard Growth ETF		7,583		793,258
Vanguard Health Care ETF		5,630		762,978
Energy Select Sector SPDR Fund¹		9,583		743,449
Vanguard Small-Capital ETF		4,980		610,349
Vanguard Large-Capital ETF		5,750		547,400
Consumer Staples Select Sector SPDR Fund		10,010		487,887
iShares Russell 1000 Growth ETF		4,617		456,714
Vanguard Total Stock Market ETF		4,200		450,450
Industrial Select Sector SPDR Fund¹		7,972		444,598
iShares North American Tech-Software ETF		4,494		431,873
Vanguard Information Technology ETF		3,970		422,884
SPDR Nuveen Barclays Short Term Municipal Bond ETF¹		17,165		417,453
SPDR Barclays Short Term High Yield Bond ETF		13,483		393,704
SPDR Barclays Short Term Corporate Bond ETF		12,140		373,305
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund		3,556		361,005
Market Vectors Morningstar Wide Moat ETF		8,928		270,786
iShares Russell Mid-Capital ETF		1,405		243,234
Vanguard Mega Capital Growth ETF		2,830		235,852
SPDR S&P MidCap 400 ETF Trust		777		215,415
Materials Select Sector SPDR Fund¹		4,050		197,559
PowerShares DB US Dollar Index Bullish Fund^*,1		5,520		142,968
Total United States of America				13,706,223
Global - 24.7%
iShares MSCI EAFE ETF		23,706		1,521,215
iShares MSCI ACWI ex US ETF		24,983		1,116,740
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund		10,633		1,075,528
PowerShares DB Commodity Index Tracking Fund^*		18,981		324,006
GreenHaven Continuous Commodity Index Fund^*		14,980		317,426
Vanguard Total International Bond ETF		5,020		271,532
iShares MSCI Frontier 100 ETF		8,191		243,600
iShares Global Tech ETF¹		2,200		213,070
iShares Global Energy ETF¹		4,626		165,009
iShares Global Healthcare ETF		1,520		163,871
Deutsche X-trackers MSCI EAFE Hedged Equity ETF		5,000		149,800
WisdomTree International SmallCap Dividend Fund		2,320		137,483
EGShares Beyond BRICs ETF		5,788		114,950
Schwab International Equity ETF¹		2,000		60,460
Total Global				5,874,690
Emerging Markets - 5.9%
iShares Core MSCI Emerging Markets ETF		13,300		642,789
iShares JP Morgan USD Emerging Markets Bond ETF¹		3,948		442,650
WisdomTree Emerging Markets Equity Income Fund		7,690		326,825
Total Emerging Markets				1,412,264
Japan - 2.5%
WisdomTree Japan Hedged Equity Fund		10,700		589,784
Europe - 2.2%
WisdomTree Europe Hedged Equity Fund		4,490		296,968
Vanguard FTSE Europe ETF		4,290		232,604
Total Europe				529,572
Canada - 1.9%
iShares MSCI Canada ETF		16,900		459,342
Asian Pacific Region ex Japan - 1.3%
iShares MSCI All Country Asia ex Japan ETF		4,640		296,960
Mexico - 1.0%
iShares MSCI Mexico Capped ETF		3,880		224,885
China - 0.8%
Guggenheim China Small Capital ETF²		7,340		198,767
United Kingdom - 0.7%
iShares MSCI United Kingdom ETF		9,500		171,095
Italy - 0.5%
iShares MSCI Italy Capped ETF¹		7,560		111,888
Total Exchange-Traded Funds
(Cost $21,530,874)				23,575,470

SHORT TERM INVESTMENTS^† - 0.5%
First American Treasury Obligations Fund		110,785		110,785
Total Short Term Investments
(Cost $110,785)				110,785

Select Allocation Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Face Amount		Value
SECURITIES LENDING COLLATERAL^††,³ - 11.8%
Repurchase Agreements
HSBC Securities, Inc. issued 03/31/15 at 0.10% due 04/01/15	$	1,847,974	$	1,847,974
BNP Paribas Securities Corp. issued 03/31/15 at 0.10% due 04/01/15		635,703		635,703
Barclays Capital, Inc. issued 03/31/15 at 0.10% due 04/01/15		328,127		328,127
Total Securities Lending Collateral
(Cost $2,811,804)				2,811,804
Total Investments - 111.4%
(Cost $24,453,463)			$	26,498,059
Other Assets & Liabilities, net - (11.4)%				(2,715,490	)
Total Net Assets - 100.0%			$	23,782,569

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	All or portion of this security is on loan at March 31, 2015 — See Note 5.
²	Investment in a product that is managed by and/or pays a management fee to a party related to the Adviser — See Note 7.
³	Securities lending collateral — See Note 5.

Strengthening Dollar 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
MUTUAL FUNDS^† - 41.0%
Guggenheim Strategy Fund I¹		69,877	$	1,739,948
Guggenheim Strategy Fund II¹		68,814		1,714,155
Total Mutual Funds
(Cost $3,453,389)				3,454,103

	Face Amount
FEDERAL AGENCY DISCOUNT NOTES^†† - 23.7%
Federal Home Loan Bank²
0.04% due 04/09/15	$	500,000		499,996
Federal Agricultural Mortgage Corporation
0.05% due 04/15/15		500,000		499,991
Fannie Mae³
0.09% due 05/01/15		500,000		499,982
Federal Farm Credit Bank²
0.05% due 07/01/15		500,000		499,912
Total Federal Agency Discount Notes
(Cost $1,999,886)				1,999,881

REPURCHASE AGREEMENTS^††,⁴ - 22.9%
RBC Capital Markets issued 03/31/15 at 0.05% due 04/01/15		644,763		644,763
HSBC Group issued 03/31/15 at 0.03% due 04/01/15		644,763		644,763
UMB Financial Corp. issued 03/31/15 at 0.03% due 04/01/15		643,580		643,580
Total Repurchase Agreements
(Cost $1,933,106)				1,933,106
Total Investments - 87.6%
(Cost $7,386,381)			$	7,387,090
Other Assets & Liabilities, net - 12.4%				1,045,716
Total Net Assets - 100.0%			$	8,432,806

	Contracts		Unrealized Gain (Loss)
CURRENCY FUTURES CONTRACTS PURCHASED^†
June 2015 U.S. Dollar Index Futures Contracts (Aggregate Value of Contracts $15,091,920)		153	$	(232,802	)

	Units
OTC CURRENCY INDEX SWAP AGREEMENTS^††
Goldman Sachs International May 2015 U.S. Dollar Index Swap, Terminating 05/15/15⁵ (Notional Value $1,872,081)		18,997	$	73,498

Strengthening Dollar 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Investment in a product that is managed by and/or pays a management fee to a party related to the Adviser.
²	The issuer operates under a Congressional charter; its securities are neither issued nor guaranteed by the U.S. Government.
³	On September 7, 2008, the issuer was placed in conservatorship by the Federal Housing Finance Agency (FHFA). As conservator, the FHFA has full powers to control the assets and operations of the firm.
⁴	Repurchase Agreements — See Note 4.
⁵	Total Return based on U.S. Dollar Index +/- financing at a variable rate.

Technology Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 100.0%
Electronic Components-Semiconductor - 9.9%
Intel Corp.		10,129	$	316,733
Texas Instruments, Inc.		3,366		192,485
Micron Technology, Inc.^*		5,065		137,413
Avago Technologies Ltd.		1,019		129,393
Broadcom Corp. — Class A		2,887		124,993
Skyworks Solutions, Inc.		1,107		108,807
Altera Corp.		2,306		98,950
ARM Holdings plc ADR		2,002		98,699
Freescale Semiconductor Ltd.^*		2,158		87,960
Xilinx, Inc.		1,974		83,500
NVIDIA Corp.		3,990		83,491
Microchip Technology, Inc.		1,592		77,849
ON Semiconductor Corp.^*		4,600		55,706
Cavium, Inc.^*		700		49,574
Cree, Inc.^*		1,380		48,976
Ambarella, Inc.^*,1		530		40,126
Total Electronic Components-Semiconductor				1,734,655
Applications Software - 7.9%
Microsoft Corp.		11,500		467,532
salesforce.com, Inc.^*		2,474		165,287
Intuit, Inc.		1,325		128,472
Check Point Software Technologies Ltd.^*		1,354		110,987
Red Hat, Inc.^*		1,309		99,157
ServiceNow, Inc.^*		1,100		86,658
Citrix Systems, Inc.^*		1,274		81,370
NetSuite, Inc.^*		720		66,787
Tableau Software, Inc. — Class A^*		690		63,839
Nuance Communications, Inc.^*		3,890		55,822
PTC, Inc.^*		1,450		52,447
Total Applications Software				1,378,358
Computer Services –6.0%
International Business Machines Corp.		1,997		320,519
Cognizant Technology Solutions Corp. — Class A^*		2,496		155,725
Accenture plc — Class A		1,547		144,938
Infosys Ltd. ADR		3,070		107,696
Computer Sciences Corp.		1,160		75,725
Amdocs Ltd.		1,380		75,072
Teradata Corp.^*		1,482		65,415
MAXIMUS, Inc.		800		53,408
DST Systems, Inc.		470		52,034
Total Computer Services				1,050,532
Computers - 5.6%
Apple, Inc.		5,583		694,692
Hewlett-Packard Co.		6,018		187,521
BlackBerry Ltd.^*		11,320		101,088
Total Computers				983,301
Web Portals/ISP - 5.4%
Google, Inc. — Class C^*		441		241,668
Google, Inc. — Class A^*		431		239,076
Yahoo!, Inc.^*		3,697		164,276
Baidu, Inc. ADR^*		756		157,550
SINA Corp.^*		3,189		102,558
AOL, Inc.^*		1,140		45,155
Total Web Portals/ISP				950,283
Enterprise Software/Services - 4.9%
Oracle Corp.		8,129		350,766
SAP SE ADR		1,527		110,204
Workday, Inc. — Class A^*		1,190		100,448
CA, Inc.		3,013		98,254
Ultimate Software Group, Inc.^*		330		56,085
Informatica Corp.^*		1,262		55,345
Qlik Technologies, Inc.^*		1,370		42,648
Advent Software, Inc.		870		38,376
Total Enterprise Software/Services				852,126
Commercial Services - Finance - 4.7%
MasterCard, Inc. — Class A		2,876		248,458
Automatic Data Processing, Inc.		1,853		158,691
FleetCor Technologies, Inc.^*		580		87,534
Western Union Co.		4,130		85,945
Vantiv, Inc. — Class A^*		1,780		67,106
Total System Services, Inc.		1,750		66,763
Global Payments, Inc.		680		62,342
WEX, Inc.^*		490		52,606
Total Commercial Services - Finance				829,445
Semiconductor Components-Integrated Circuit - 4.6%
NXP Semiconductor N.V.^*		1,280		128,461
Taiwan Semiconductor Manufacturing Company Ltd. ADR		5,223		122,636
Analog Devices, Inc.		1,827		115,101
Marvell Technology Group Ltd.		7,371		108,354
Linear Technology Corp.		1,785		83,538
Maxim Integrated Products, Inc.		2,215		77,104
Cypress Semiconductor Corp.		3,650		51,502
Atmel Corp.		5,597		46,063
Integrated Device Technology, Inc.^*		2,152		43,083
Cirrus Logic, Inc.^*		1,070		35,588
Total Semiconductor Components-Integrated Circuit				811,430
Internet Content-Entertainment - 3.4%
Facebook, Inc. — Class A^*		4,814		395,783
Twitter, Inc.^*		3,090		154,747
Pandora Media, Inc.^*		3,106		50,348
Total Internet Content-Entertainment				600,878
Computers-Memory Devices - 3.2%
EMC Corp.		7,078		180,914
Western Digital Corp.		1,221		111,123
Seagate Technology plc		1,940		100,938
NetApp, Inc.		2,309		81,877
SanDisk Corp.		1,284		81,688
Total Computers-Memory Devices				556,540
E-Commerce/Products - 2.7%
eBay, Inc.^*		3,600		207,648
Alibaba Group Holding Ltd. ADR^*		1,950		162,318

Technology Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 100.0% (continued)
E-Commerce/Products - 2.7% (continued)
MercadoLibre, Inc.		836	$	102,427
Total E-Commerce/Products				472,393
Networking Products - 2.6%
Cisco Systems, Inc.		10,930		300,848
Palo Alto Networks, Inc.^*		600		87,648
Fortinet, Inc.^*		1,760		61,512
Total Networking Products				450,008
Semiconductor Equipment - 2.5%
Applied Materials, Inc.		5,752		129,765
ASML Holding N.V. — Class G		991		100,121
Lam Research Corp.		1,125		79,014
KLA-Tencor Corp.		1,290		75,194
Teradyne, Inc.		2,715		51,178
Total Semiconductor Equipment				435,272
Data Processing/Management - 2.4%
Fidelity National Information Services, Inc.		1,641		111,687
Fiserv, Inc.^*		1,380		109,572
Paychex, Inc.		2,121		105,233
Broadridge Financial Solutions, Inc.		1,200		66,012
CommVault Systems, Inc.^*		790		34,523
Total Data Processing/Management				427,027
Electronic Components-Miscellaneous - 2.3%
Corning, Inc.		5,878		133,313
TE Connectivity Ltd.		1,650		118,173
Flextronics International Ltd.^*		5,649		71,601
Jabil Circuit, Inc.		2,342		54,756
Knowles Corp.^*,1		1,610		31,025
Total Electronic Components-Miscellaneous				408,868
E-Commerce/Services - 2.3%
SouFun Holdings Ltd. ADR		19,860		119,160
Bitauto Holdings Ltd. ADR^*		2,220		112,954
IAC/InterActiveCorp		900		60,723
Zillow Group, Inc. — Class A^*		590		59,177
GrubHub, Inc.^*		1,080		49,021
Total E-Commerce/Services				401,035
Entertainment Software - 2.1%
NetEase, Inc. ADR		1,071		112,777
Electronic Arts, Inc.^*		1,881		110,631
Activision Blizzard, Inc.		4,464		101,444
Take-Two Interactive Software, Inc.^*		1,440		36,655
Total Entertainment Software				361,507
Internet Security - 2.0%
Qihoo 360 Technology Company Ltd. ADR^*		2,390		122,367
Symantec Corp.		4,365		101,988
VeriSign, Inc.^*		1,080		72,328
FireEye, Inc.^*		1,530		60,053
Total Internet Security				356,736
Internet Content-Information/Network - 1.7%
LinkedIn Corp. — Class A^*		554		138,422
YY, Inc. ADR^*,1		2,060		112,383
Yelp, Inc. — Class A^*		1,010		47,824
Total Internet Content-Information/Network				298,629
Semiconductor Component - Integrated Circuit - 1.6%
QUALCOMM, Inc.		3,952		274,032
Telecommunication Equipment - 1.5%
Juniper Networks, Inc.		3,415		77,110
Harris Corp.		950		74,822
CommScope Holding Company, Inc.^*		1,990		56,795
ARRIS Group, Inc.^*		1,719		49,671
Total Telecommunication Equipment				258,398
Wireless Equipment - 1.4%
Nokia Oyj ADR		13,710		103,922
Motorola Solutions, Inc.		1,441		96,071
Aruba Networks, Inc.^*		1,683		41,217
Total Wireless Equipment				241,210
Computers-Integrated Systems - 1.3%
Jack Henry & Associates, Inc.		870		60,804
NCR Corp.^*		1,920		56,659
Brocade Communications Systems, Inc.		4,674		55,457
VeriFone Systems, Inc.^*		1,410		49,195
Total Computers-Integrated Systems				222,115
Computer Aided Design - 1.2%
Autodesk, Inc.^*		1,527		89,543
ANSYS, Inc.^*		810		71,434
Aspen Technology, Inc.^*		1,240		47,728
Total Computer Aided Design				208,705
Electronic Measuring Instruments - 1.0%
Trimble Navigation Ltd.^*		2,556		64,411
Keysight Technologies, Inc.^*		1,670		62,041
FLIR Systems, Inc.		1,640		51,299
Total Electronic Measuring Instruments				177,751
Power Converter/Supply Equipment - 0.9%
Canadian Solar, Inc.^*		3,340		111,523
SunPower Corp. — Class A^*		1,610		50,409
Total Power Converter/Supply Equipment				161,932
Computer Software - 0.9%
Akamai Technologies, Inc.^*		1,256		89,232
Rackspace Hosting, Inc.^*		1,284		66,242
Total Computer Software				155,474
Software Tools - 0.9%
VMware, Inc. — Class A^*		1,828		149,914
Electronic Forms - 0.8%
Adobe Systems, Inc.^*		2,016		149,063
Energy-Alternate Sources - 0.7%
SunEdison, Inc.^*		2,668		64,032
First Solar, Inc.^*		1,035		61,883
Total Energy-Alternate Sources				125,915
Electronic Design Automatic - 0.7%
Synopsys, Inc.^*		1,450		67,164
Cadence Design Systems, Inc.^*		3,150		58,086
Total Electronic Design Automatic				125,250
Electronic Parts Distribution - 0.7%
Avnet, Inc.		1,390		61,855

Technology Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 100.0% (continued)
Electronic Parts Distribution - 0.7% (continued)
Arrow Electronics, Inc.^*		1,000	$	61,150
Total Electronic Parts Distribution				123,005
Consulting Services - 0.7%
Gartner, Inc.^*		830		69,596
Booz Allen Hamilton Holding Corp.		1,800		52,092
Total Consulting Services				121,688
Computer Graphics - 0.7%
CyberArk Software Ltd.^*		2,090		116,141
Advertising Agencies - 0.6%
Alliance Data Systems Corp.^*		373		110,501
Electric Products - Miscellaneous - 0.6%
Mobileye N.V.^*		2,611		109,740
Electronic Connectors - 0.6%
Amphenol Corp. — Class A		1,811		106,722
Office Automation & Equipment - 0.6%
Xerox Corp.		7,576		97,352
Web Hosting/Design - 0.5%
Equinix, Inc.		389		90,579
Telecommunication Services - 0.5%
Qorvo, Inc.^*		1,090		86,873
Computers-Peripheral Equipment - 0.5%
Synaptics, Inc.^*		530		43,091
Lexmark International, Inc. — Class A		990		41,917
Total Computers-Peripheral Equipment				85,008
Computers-Other - 0.5%
3D Systems Corp.^*,1		1,640		44,969
Stratasys Ltd.^*		750		39,585
Total Computers-Other				84,554
Finance-Credit Card - 0.4%
Visa, Inc. — Class A		1,204		78,754
Telecommunication Equipment Fiber Optics - 0.4%
JDS Uniphase Corp.^*		3,329		43,676
Ciena Corp.^*		1,776		34,295
Total Telecommunication Equipment Fiber Optics				77,971
Internet Infrastructure Software - 0.4%
F5 Networks, Inc.^*		640		73,562
Commercial Services - 0.4%
CDK Global, Inc.		1,457		68,129
Internet Application Software - 0.4%
Splunk, Inc.^*		1,130		66,896
Multimedia - 0.4%
FactSet Research Systems, Inc.		410		65,272
Machinery-General Industry - 0.3%
Zebra Technologies Corp. — Class A^*		600		54,429
Electronic Components - Semiconductor - 0.3%
IPG Photonics Corp.^*		580		53,766
Distribution/Wholesale - 0.3%
Ingram Micro, Inc. — Class A^*		2,030		50,994
Communications Software - 0.3%
SolarWinds, Inc.^*		990		50,728
Transactional Software - 0.3%
Solera Holdings, Inc.		910		47,011
Instruments-Scientific - 0.3%
FEI Co.		580		44,277
Internet Incubators - 0.2%
HomeAway, Inc.^*		1,380		41,635
Total Common Stocks
(Cost $10,456,886)				17,514,369

	Face Amount
REPURCHASE AGREEMENT^††^,2 - 0.3%
HSBC Group issued 03/31/15 at 0.03% due 04/01/15	$	52,760		52,760
Total Repurchase Agreement
(Cost $52,760)				52,760

SECURITIES LENDING COLLATERAL^††^,3 - 0.9%
Repurchase Agreements
HSBC Securities, Inc. issued 03/31/15 at 0.10% due 04/01/15		105,597		105,597
BNP Paribas Securities Corp. issued 03/31/15 at 0.10% due 04/01/15		36,325		36,325
Barclays Capital, Inc. issued 03/31/15 at 0.10% due 04/01/15		18,750		18,750
Total Securities Lending Collateral
(Cost $160,672)				160,672
Total Investments - 101.2%
(Cost $10,670,318)			$	17,727,801
Other Assets & Liabilities, net - (1.2)%				(215,593	)
Total Net Assets - 100.0%			$	17,512,208

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	All or portion of this security is on loan at March 31, 2015 — See Note 5.
²	Repurchase Agreement — See Note 4.
³	Securities lending collateral — See Note 5.

	ADR — American Depositary Receipt
	plc — Public Limited Company

Telecommunications Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.4%
Telephone-Integrated - 25.5%
Verizon Communications, Inc.		4,142	$	201,426
AT&T, Inc.		5,649		184,440
CenturyLink, Inc.		1,834		63,365
Frontier Communications Corp.		5,257		37,062
Windstream Holdings, Inc.		4,025		29,785
Telefonica Brasil S.A. ADR		1,790		27,369
Telefonica S.A. ADR		1,861		26,705
Telephone & Data Systems, Inc.		919		22,883
Total Telephone-Integrated				593,035
Networking Products - 14.9%
Cisco Systems, Inc.		6,046		166,417
Palo Alto Networks, Inc.^*		339		49,521
Arista Networks, Inc.^*		428		30,187
Telefonaktiebolaget LM Ericsson ADR		2,199		27,597
Infinera Corp.^*		1,161		22,837
Polycom, Inc.^*		1,421		19,041
Ruckus Wireless, Inc.^*		1,185		15,251
NETGEAR, Inc.^*		463		15,223
Total Networking Products				346,074
Cellular Telecommunications - 13.8%
T-Mobile US, Inc.^*		2,245		71,143
Sprint Corp.^*		12,521		59,350
Vodafone Group plc ADR		1,210		39,543
America Movil SAB de CV — Class L ADR		1,906		38,997
China Mobile Ltd. ADR¹		535		34,791
SK Telecom Company Ltd. ADR		1,061		28,870
Rogers Communications, Inc. — Class B		765		25,612
Tim Participacoes S.A. ADR		1,450		24,041
Total Cellular Telecommunications				322,347
Wireless Equipment - 11.0%
SBA Communications Corp. — Class A^*		473		55,388
Motorola Solutions, Inc.		815		54,336
Nokia Oyj ADR		3,940		29,865
Sierra Wireless, Inc.^*		832		27,531
ViaSat, Inc.^*		392		23,367
Aruba Networks, Inc.^*		951		23,290
Ubiquiti Networks, Inc.		747		22,074
InterDigital, Inc.		380		19,281
Total Wireless Equipment				255,132
Telecommunication Equipment - 7.7%
Harris Corp.		539		42,452
Juniper Networks, Inc.		1,869		42,202
CommScope Holding Company, Inc.^*		1,122		32,022
ARRIS Group, Inc.^*		973		28,115
Plantronics, Inc.		395		20,915
ADTRAN, Inc.		735		13,722
Total Telecommunication Equipment				179,428
Semiconductor Components - Integrated Circuit - 6.5%
QUALCOMM, Inc.		2,178		151,023
Telecommunication Services - 5.7%
Level 3 Communications, Inc.^*		1,138		61,269
BCE, Inc.		727		30,796
VimpelCom Ltd. ADR		5,003		26,216
Consolidated Communications Holdings, Inc.		694		14,158
Total Telecommunication Services				132,439
REITs-Diversified - 3.1%
Crown Castle International Corp.		889		73,378
Telecommunication Equipment Fiber Optics - 2.7%
JDS Uniphase Corp.^*		1,832		24,036
Finisar Corp.^*		952		20,316
Ciena Corp.^*		1,001		19,329
Total Telecommunication Equipment Fiber Optics				63,681
Computers-Integrated Systems - 2.7%
Riverbed Technology, Inc.^*		1,514		31,657
Brocade Communications Systems, Inc.		2,639		31,312
Total Computers-Integrated Systems				62,969
Satellite Telecommunications - 1.9%
EchoStar Corp. — Class A^*		602		31,136
Iridium Communications, Inc.^*		1,420		13,788
Total Satellite Telecommunications				44,924
Internet Infrastructure Software - 1.8%
F5 Networks, Inc.^*		360		41,378
Computers - 1.3%
BlackBerry Ltd.^*		3,535		31,568
Internet Connectivity Services - 0.8%
Cogent Communications Holdings, Inc.		517		18,266
Total Common Stocks
(Cost $1,417,334)				2,315,642
RIGHTS^† - 0.1%
Leap Wireless International, Inc.
Expires 09/17/15^†††		964		2,429
Telefonica SA
Expires 04/12/15		1,861		300
Total Rights
(Cost $2,495)				2,729

	Face Amount
REPURCHASE AGREEMENT^††^,2 - 0.5%
HSBC Group issued 03/31/15 at 0.03% due 04/01/15	$	11,907		11,907
Total Repurchase Agreement
(Cost $11,907)				11,907
Total Investments - 100.0%
(Cost $1,431,736)			$	2,330,278
Other Assets & Liabilities, net - 0.0%				(977	)
Total Net Assets - 100.0%			$	2,329,301

Telecommunications Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs, unless otherwise noted — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
^†††	Value determined based on Level 3 inputs — See Note 3.
¹	Variable rate security. Rate indicated is rate effective at March 31, 2015.
²	Repurchase Agreement — See Note 4.

	ADR —American Depositary Receipt
	plc — Public Limited Company

Transportation Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.5%
Airlines - 19.0%
American Airlines Group, Inc.		9,933	$	524,263
Delta Air Lines, Inc.		11,302		508,137
Southwest Airlines Co.		10,267		454,827
United Continental Holdings, Inc.^*		6,387		429,526
Alaska Air Group, Inc.		3,725		246,521
JetBlue Airways Corp.^*		10,806		208,016
Copa Holdings S.A. — Class A		2,006		202,546
Spirit Airlines, Inc.^*		2,560		198,042
Ryanair Holdings plc ADR		2,690		179,611
Allegiant Travel Co. — Class A		800		153,832
Hawaiian Holdings, Inc.^*		4,480		98,672
Virgin America, Inc.^*		3,070		93,328
Total Airlines				3,297,321
Auto/Truck Parts & Equipment - 17.1%
Johnson Controls, Inc.		9,706		489,570
Delphi Automotive plc		4,380		349,260
BorgWarner, Inc.		5,160		312,077
TRW Automotive Holdings Corp.^*		2,820		295,677
Lear Corp.		2,263		250,786
Autoliv, Inc.		1,840		216,697
Magna International, Inc.		4,000		214,640
Visteon Corp.^*		1,822		175,641
Tenneco, Inc.^*		2,790		160,202
Dana Holding Corp.		7,510		158,912
American Axle & Manufacturing Holdings, Inc.^*		4,650		120,110
Dorman Products, Inc.^*		2,360		117,410
Gentherm, Inc.^*		2,320		117,183
Total Auto/Truck Parts & Equipment				2,978,165
Transport-Rail - 15.2%
Union Pacific Corp.		7,328		793,695
CSX Corp.		14,290		473,285
Norfolk Southern Corp.		4,450		457,994
Kansas City Southern		2,612		266,633
Canadian Pacific Railway Ltd.		1,444		263,819
Canadian National Railway Co.		3,164		211,577
Genesee & Wyoming, Inc. — Class A^*		1,917		184,875
Total Transport-Rail				2,651,878
Transport-Services - 14.5%
United Parcel Service, Inc. — Class B		8,007		776,199
FedEx Corp.		3,362		556,243
CH Robinson Worldwide, Inc.		3,702		271,060
Expeditors International of Washington, Inc.		5,278		254,294
Ryder System, Inc.		1,995		189,306
XPO Logistics, Inc.^*		3,540		160,964
Matson, Inc.		2,790		117,626
Hub Group, Inc. — Class A^*		2,580		101,368
UTI Worldwide, Inc.^*		7,640		93,972
Total Transport-Services				2,521,032
Auto-Cars/Light Trucks - 14.3%
Ford Motor Co.		41,349		667,373
General Motors Co.		17,280		648,000
Tesla Motors, Inc.^*,1		2,116		399,437
Toyota Motor Corp. ADR		1,490		208,436
Tata Motors Ltd. ADR		4,610		207,727
Fiat Chrysler Automobiles N.V.^*		11,630		189,685
Honda Motor Company Ltd. ADR		5,210		170,680
Total Auto-Cars/Light Trucks				2,491,338
Transport-Truck - 8.4%
J.B. Hunt Transport Services, Inc.		3,037		259,344
Old Dominion Freight Line, Inc.^*		2,787		215,435
Swift Transportation Co. — Class A^*		5,990		155,860
Landstar System, Inc.		2,166		143,606
Con-way, Inc.		3,019		133,228
Knight Transportation, Inc.		4,120		132,870
Werner Enterprises, Inc.		3,977		124,918
Heartland Express, Inc.		5,100		121,176
Saia, Inc.^*		1,990		88,157
ArcBest Corp.		2,150		81,464
Total Transport-Truck				1,456,058
Rental Auto/Equipment - 2.8%
Hertz Global Holdings, Inc.^*		12,272		266,056
Avis Budget Group, Inc.^*		3,637		214,638
Total Rental Auto/Equipment				480,694
Rubber-Tires - 2.2%
Goodyear Tire & Rubber Co.		8,785		237,898
Cooper Tire & Rubber Co.		3,270		140,087
Total Rubber-Tires				377,985
Motorcycle/Motor Scooter - 1.8%
Harley-Davidson, Inc.		5,070		307,952
Commercial Services - 1.2%
Macquarie Infrastructure Company LLC		2,620		215,600
Electronic Components-Miscellaneous - 1.1%
Gentex Corp.		10,784		197,347
Transport-Marine - 1.0%
Kirby Corp.^*		2,301		172,690
Building-Mobile Home/Manufactured House - 0.9%
Thor Industries, Inc.		2,491		157,456
Total Common Stocks
(Cost $8,922,562)				17,305,516

	Face Amount
REPURCHASE AGREEMENT^††^,2 - 0.6%
HSBC Group issued 03/31/15 at 0.03% due 04/01/15	$	102,870	102,870
Total Repurchase Agreement
(Cost $102,870)			102,870

Transportation Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Face Amount		Value
SECURITIES LENDING COLLATERAL^††^,3 - 2.5%
Repurchase Agreements
HSBC Securities, Inc. issued 03/31/15 at 0.10% due 04/01/15	$	289,740	$	289,740
BNP Paribas Securities Corp. issued 03/31/15 at 0.10% due 04/01/15		99,671		99,671
Barclays Capital, Inc. issued 03/31/15 at 0.10% due 04/01/15		51,446		51,446
Total Securities Lending Collateral
(Cost $440,857)				440,857
Total Investments - 102.6%
(Cost $9,466,289)			$	17,849,243
Other Assets & Liabilities, net - (2.6)%				(449,700	)
Total Net Assets - 100.0%			$	17,399,543

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	All or portion of this security is on loan at March 31, 2015 — See Note 5.
²	Repurchase Agreement — See Note 4.
³	Securities lending collateral — See Note 5.

	ADR — American Depositary Receipt
	plc — Public Limited Company

U.S. Government Money Market Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Face Amount		Value
FEDERAL AGENCY DISCOUNT NOTES^†† - 35.6%
Freddie Mac¹
0.09% due 08/17/15	$	5,000,000	$	4,998,275
0.13% due 08/04/15		5,000,000		4,997,830
0.17% due 09/15/15		5,000,000		4,996,057
Total Freddie Mac				9,996,105
Farmer Mac²
0.12% due 09/01/15		5,000,000		4,997,450
Fannie Mae¹
0.13% due 09/02/15		5,000,000		4,997,219
Federal Home Loan Bank²
0.15% due 09/08/15		5,000,000		4,996,667
Total Federal Agency Discount Notes
(Cost $29,983,498)				29,983,498

REPURCHASE AGREEMENTS^††^,4 - 52.3%
RBC Capital Markets issued 03/31/15 at 0.05% due 04/01/15		14,673,544		14,673,544
HSBC Group issued 03/31/15 at 0.03% due 04/01/15		14,673,544		14,673,544
UMB Financial Corp. issued 03/31/15 at 0.03% due 04/01/15		14,646,619		14,646,619
Total Repurchase Agreements
(Cost $43,993,707)				43,993,707
Total Investments - 87.9%
(Cost $73,977,205)			$	73,977,205
Other Assets & Liabilities, net - 12.1%				10,199,183
Total Net Assets - 100.0%			$	84,176,388

^††	Value determined based on Level 2 inputs — See Note 3.
¹	On September 7, 2008, the issuer was placed in conservatorship by the Federal Housing Finance Agency (FHFA). As conservator, the FHFA has full powers to control the assets and operations of the firm.
²	The issuer operates under a Congressional charter; its securities are neither issued nor guaranteed by the U.S. Government.
³	Repurchase Agreements — See Note 4.

Utilities Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
COMMON STOCKS^† - 99.8%
Electric-Integrated - 66.2%
Duke Energy Corp.		8,213	$	630,594
NextEra Energy, Inc.		5,552		577,686
Dominion Resources, Inc.		7,792		552,219
Southern Co.		12,129		537,072
Exelon Corp.		13,814		464,289
American Electric Power Company, Inc.		7,928		445,950
PG&E Corp.		7,940		421,376
PPL Corp.		12,199		410,618
Public Service Enterprise Group, Inc.		9,401		394,090
Edison International		6,031		376,757
Xcel Energy, Inc.		10,329		359,552
Consolidated Edison, Inc.		5,857		357,277
Eversource Energy		6,791		343,081
FirstEnergy Corp.		9,302		326,128
DTE Energy Co.		4,040		325,988
Entergy Corp.		4,124		319,569
Wisconsin Energy Corp.		5,749		284,576
Ameren Corp.		6,459		272,570
CMS Energy Corp.		7,586		264,827
SCANA Corp.		4,367		240,141
Pinnacle West Capital Corp.		3,547		226,121
Alliant Energy Corp.		3,585		225,855
Pepco Holdings, Inc.		8,273		221,965
OGE Energy Corp.		6,785		214,474
Integrys Energy Group, Inc.		2,817		202,880
Westar Energy, Inc.		5,032		195,040
TECO Energy, Inc.		9,426		182,864
MDU Resources Group, Inc.		8,176		174,476
Great Plains Energy, Inc.		6,449		172,059
Cleco Corp.		2,849		155,327
Korea Electric Power Corp. ADR		7,530		154,365
Hawaiian Electric Industries, Inc.		4,749		152,538
IDACORP, Inc.		2,423		152,334
UIL Holdings Corp.		2,893		148,758
Portland General Electric Co.		3,979		147,581
NorthWestern Corp.		2,562		137,810
ALLETE, Inc.		2,494		131,583
PNM Resources, Inc.		4,506		131,575
Black Hills Corp.		2,559		129,076
Avista Corp.		3,699		126,432
El Paso Electric Co.		2,820		108,965
Total Electric-Integrated				11,396,438
Gas-Distribution - 19.0%
Sempra Energy		4,037		440,115
NiSource, Inc.		7,381		325,945
CenterPoint Energy, Inc.		12,284		250,716
AGL Resources, Inc.		4,229		209,970
Atmos Energy Corp.		3,678		203,393
UGI Corp.		6,211		202,416
National Fuel Gas Co.		3,197		192,875
Questar Corp.		7,410		176,803
Vectren Corp.		3,708		163,671
National Grid plc ADR		2,430		157,002
Piedmont Natural Gas Company, Inc.		3,971		146,570
WGL Holdings, Inc.		2,589		146,020
New Jersey Resources Corp.		4,566		141,820
Southwest Gas Corp.		2,436		141,702
ONE Gas, Inc.		2,980		128,825
Laclede Group, Inc.		2,506		128,357
South Jersey Industries, Inc.		2,145		116,431
Total Gas-Distribution				3,272,631
Independent Power Producer – 6.0%
Calpine Corp.^*		11,481		262,570
NRG Energy, Inc.		10,136		255,326
Dynegy, Inc.^*		5,755		180,880
NRG Yield, Inc. — Class A		3,371		171,011
Abengoa Yield plc		4,580		154,712
Total Independent Power Producer				1,024,499
Water - 4.1%
American Water Works Company, Inc.		4,961		268,937
Aqua America, Inc.		6,987		184,107
Cia de Saneamento Basico do Estado de Sao Paulo ADR		27,744		150,372
American States Water Co.		2,620		104,512
Total Water				707,928
Energy-Alternate Sources - 1.8%
TerraForm Power, Inc. — Class A		5,110		186,566
Pattern Energy Group, Inc.		4,311		122,088
Total Energy-Alternate Sources				308,654
Electric-Generation - 1.5%
AES Corp.		20,630		265,096
Electric-Transmission - 1.2%
ITC Holdings Corp.		5,561		208,148
Pipelines - 0.0%
Kinder Morgan, Inc.		1		42
Total Common Stocks
(Cost $11,257,181)				17,183,436

	Face Amount
REPURCHASE AGREEMENT^††^,1 - 0.1%
HSBC Group issued 03/31/15 at 0.03% due 04/01/15	$	23,539		23,539
Total Repurchase Agreement
(Cost $23,539)				23,539
Total Investments - 99.9%
(Cost $11,280,720)			$	17,206,975
Other Assets & Liabilities, net - 0.1%				25,171
Total Net Assets - 100.0%			$	17,232,146

^*	Non-income producing security.
^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Repurchase Agreement — See Note 4.

	ADR — American Depositary Receipt
	plc — Public Limited Company

Weakening Dollar 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2015

	Shares		Value
MUTUAL FUNDS^† - 38.4%
Guggenheim Strategy Fund I¹		8,124	$	202,277
Guggenheim Strategy Fund II¹		8,094		201,627
Total Mutual Funds
(Cost $404,452)				403,904

	Face Amount
FEDERAL AGENCY DISCOUNT NOTES^†† - 19.0%
Federal Home Loan Bank²
0.04% due 04/09/15	$	100,000		99,999
Farmer Mac²
0.09% due 04/06/15		50,000		50,000
Fannie Mae³
0.09% due 05/01/15		50,000		49,998
Total Federal Agency Discount Notes
(Cost $199,995)				199,997

REPURCHASE AGREEMENTS^††,⁴ - 36.3%
RBC Capital Markets issued 03/31/15 at 0.05% due 04/01/15		127,547		127,547
HSBC Group issued 03/31/15 at 0.03% due 04/01/15		127,547		127,547
UMB Financial Corp. issued 03/31/15 at 0.03% due 04/01/15		127,313		127,313
Total Repurchase Agreements
(Cost $382,407)				382,407
Total Investments - 93.7%
(Cost $986,854)			$	986,308
Other Assets & Liabilities, net - 6.3%				66,607
Total Net Assets - 100.0%			$	1,052,915

	Contracts		Unrealized Gain
CURRENCY FUTURES CONTRACTS SOLD SHORT^†
June 2015 U.S. Dollar Index Futures Contracts (Aggregate Value of Contracts $1,972,800)		20	$	18,000

	Units
OTC CURRENCY INDEX SWAP AGREEMENTS SOLD SHORT^††
Goldman Sachs International May 2015 U.S. Dollar Index Swap, Terminating 05/15/15⁵ (Notional Value $156,169)		1,585	$	2,001

^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Investment in a product that is managed by and/or pays a management fee to a party related to the Adviser.
²	The issuer operates under a Congressional charter; its securities are neither issued nor guaranteed by the U.S. Government.
³	On September 7, 2008, the issuer was placed in conservatorship by the Federal Housing Finance Agency (FHFA). As conservator, the FHFA has full powers to control the assets and operations of the firm.
⁴	Repurchase Agreements — See Note 4.
⁵	Total Return based on U.S. Dollar Index +/- financing at a variable rate.

	Level 1 Investments		Level 1 Other Financial		Level 2 Investments		Level 2 Other Financial		Level 3 Investments
	In Securities		Instruments*		In Securities		Instruments*		In Securities		Total
Assets
Amerigo Fund	$	118,354,269	$	–	$	22,712,023	$	–	$	–	$	141,066,292
Banking Fund		5,052,680		–		31,848		–		–		5,084,528
Basic Materials Fund		9,101,207		–		207,658		–		–		9,308,865
Biotechnology Fund		51,460,139		–		3,725,474		–		1,448		55,187,061
Clermont Fund		72,174,956		–		9,585,354		–		–		81,760,310
Commodities Strategy Fund		1,027,886		–		2,131,885		–		–		3,159,771
Consumer Products Fund		26,707,537		–		612,315		–		1,660		27,321,512
Dow 2x Strategy Fund		10,013,642		–		1,223,827		85,096		–		11,322,565
Electronics Fund		10,811,755		–		314,676		–		–		11,126,431
Energy Fund		25,418,716		–		1,330,105		–		–		26,748,821
Energy Services Fund		16,097,890		–		1,306,992		–		–		17,404,882
Europe 1.25x Strategy Fund		3,528,943		7,757		1,500,695		–		–		5,037,395
Financial Services Fund		14,395,954		–		15,917		–		–		14,411,871
Global Managed Futures Strategy Fund		8,670,854		370,413		2,591,802		199,829		–		11,832,898
Government Long Bond 1.2x Strategy Fund		3,826,720		262,913		17,408,460		–		–		21,498,093
Health Care Fund		55,718,767		–		2,263,023		–		–		57,981,790
High Yield Strategy Fund		5,015,416		76,320		9,950,901		48,974		–		15,091,611
Internet Fund		6,333,165		–		81,172		–		–		6,414,337
Inverse Dow 2x Strategy Fund		406,858		8,882		1,985,755		–		–		2,401,495
Inverse Government Long Bond Strategy Fund		2,019,674		–		8,096,770		–		–		10,116,444
Inverse Mid-Cap Strategy Fund		101,521		–		398,204		–		–		499,725
Inverse NASDAQ-100^® Strategy Fund		707,279		1,708		934,123		–		–		1,643,110
Inverse Russell 2000^® Strategy Fund		661,885		1,152		551,445		–		–		1,214,482
Inverse S&P 500^® Strategy Fund		1,514,742		–		3,231,927		–		–		4,746,669
Japan 2x Strategy Fund		1,106,946		370,152		3,484,555		–		–		4,961,653
Leisure Fund		9,700,786		–		94,821		–		–		9,795,607
Long Short Equity Fund		31,339,952		–		3,464,612		–		–		34,804,564
Mid-Cap 1.5x Strategy Fund		7,136,389		104		1,573,640		114,958		–		8,825,091
Multi-Hedge Strategies Fund		34,822,177		328,193		6,131,301		273,746		–		41,555,417
NASDAQ-100^® 2x Strategy Fund		45,858,491		28,314		3,000,339		50,757		–		48,937,901
NASDAQ-100^® Fund		73,026,067		18,387		4,250,931		13,986		–		77,309,371
Nova Fund		28,288,801		–		2,314,892		41,108		–		30,644,801
Precious Metals Fund		18,186,099		–		724,036		–		–		18,910,135
Real Estate Fund		31,339,579		–		90,865		–		–		31,430,444
Retailing Fund		15,852,426		–		440,766		–		–		16,293,192
Russell 2000^® 1.5x Strategy Fund		4,936,465		2,370		5,777,607		237,228		1,038		10,954,708
Russell 2000^® 2x Strategy Fund		2,465,088		4,369		1,827,588		126,221		271		4,423,537
S&P 500^® 2x Strategy Fund		24,262,957		39,823		3,956,619		109,149		–		28,368,548
S&P 500^® Pure Growth Fund		75,678,620		–		480,234		–		–		76,158,854
S&P 500^® Pure Value Fund		42,380,291		–		1,276,972		–		–		43,657,263
S&P MidCap 400^® Pure Growth Fund		53,041,649		–		419,183		–		–		53,460,832
S&P MidCap 400^® Pure Value Fund		16,215,376		–		466,296		–		–		16,681,672
S&P SmallCap 600^® Pure Growth Fund		41,869,141		–		1,482,473		–		–		43,351,614
S&P SmallCap 600^® Pure Value Fund		14,508,003		–		399,125		–		–		14,907,128
Select Allocation Fund		23,686,255		–		2,811,804		–		–		26,498,059
Strengthening Dollar 2x Strategy Fund		3,454,103		–		3,932,987		73,498		–		7,460,588
Technology Fund		17,514,369		–		213,432		–		–		17,727,801
Telecommunications Fund		2,315,942		–		11,907		–		2,429		2,330,278
Transportation Fund		17,305,516		–		543,727		–		–		17,849,243
U.S. Government Money Market Fund		–		–		73,977,205		–		–		73,977,205
Utilities Fund		17,183,436		–		23,539		–		–		17,206,975
Weakening Dollar 2x Strategy Fund		403,904		18,000		582,404		2,001		–		1,006,309

Counterparty and Terms of Agreement	Face Value		Repurchase Price		Collateral	Par Value		Fair Value
HSBC Group					U.S. Treasury Strips
0.03%					0.00%
Due 04/01/15	$	40,780,856	$	40,780,890	05/15/18 - 02/15/42	$	48,290,300	$	41,595,270
					U.S. Treasury Note
					4.63%
					11/15/16		1,200		1,302

RBC Capital Markets					U.S. TIP Notes
0.05%					0.13% - 3.88%
Due 04/01/15		34,000,000		34,000,047	04/15/16 - 04/15/29		26,388,300		34,680,076

UMB Financial Corp.					U.S. Treasury Notes
0.03%					1.25% - 2.13%
Due 04/01/15		33,937,614		33,937,642	10/31/15 - 06/30/16		34,173,200		34,616,382

Fund	Value of Securities Loaned		Cash Collateral Received
Amerigo Fund	$	22,191,876	$	23,043,975
Basic Materials Fund		149,664		159,475
Biotechnology Fund		2,983,133		3,158,832
Clermont Fund		9,429,583		9,725,450
Consumer Products Fund		501,216		517,125
Electronics Fund		307,334		319,275
Energy Fund		1,193,402		1,242,386
Energy Services Fund		1,188,927		1,233,475
Financial Services Fund		15,675		16,150
Health Care Fund		1,518,788		1,649,487
Internet Fund		46,600		47,450
Leisure Fund		41,986		43,125
Long Short Equity Fund		651,723		666,300
Mid-Cap 1.5x Strategy Fund		9,812		10,050
Multi-Hedge Strategies Fund		31,626		33,600
NASDAQ-100^® Fund		188,770		195,000
Nova Fund		2,934		3,050
Precious Metals Fund		454,866		489,750
Real Estate Fund		88,816		92,050
Retailing Fund		304,328		309,563
Russell 2000^® 1.5x Strategy Fund		9,487		10,470
Russell 2000^® 2x Strategy Fund		538		625
S&P 500^® Pure Value Fund		997,265		1,012,675
S&P MidCap 400^® Pure Value Fund		333,584		347,050
S&P SmallCap 600^® Pure Growth Fund		1,193,275		1,224,300
S&P SmallCap 600^® Pure Value Fund		281,618		295,040
Select Allocation Fund		2,763,741		2,852,900
Technology Fund		160,839		163,020	*
Transportation Fund		434,313		447,300


Counterparty and Terms of Agreement	Face Value		Repurchase Price		Collateral	Par Value		Fair Value
HSBC Securities, Inc.					Fannie Mae Strips
0.10%					0.00%
Due 04/01/15	$	31,940,011	$	31,940,100	11/15/17 - 07/15/37	$	35,623,078	$	24,518,040
					Federal Farm Credit Bank
					0.19%
					06/12/17		8,060,381		8,061,454
BNP Paribas Securities Corp.					U.S. Treasury Note
0.10%					2.13%
Due 04/01/15		10,987,364		10,987,394	12/31/21		5,050,508		5,205,822
					U.S. Treasury Bond
					4.38%
					05/15/41		4,358,789		6,001,297
Barclays Capital Corp.					U.S. Treasury Strips
0.10%					0.00%
Due 04/01/15		5,671,268		5,671,284	05/15/20 - 05/15/44		8,773,320		5,212,610
					U.S. Treasury Bond
					4.75%
					02/15/41		398,075		572,106

Fund	Index Exposure	Liquidity	Hedging	Income	Speculation	Leverage
Commodities Strategy Fund	x	x	–	–	–	–
Dow 2x Strategy Fund	x	x	–	–	–	x
Europe 1.25x Strategy Fund	x	x	–	–	–	x
Government Long Bond 1.2x Strategy Fund	x	x	–	–	–	x
High Yield Strategy Fund	x	x	–	–	–	–
Inverse Dow 2x Strategy Fund	x	x	–	–	–	x
Inverse Government Long Bond Strategy Fund	x	x	–	–	–	–
Inverse Mid-Cap Stategy Fund	x	x	–	–	–	–
Inverse NASDAQ-100^® Strategy Fund	x	x	–	–	–	–
Inverse Russell 2000^® Strategy Fund	x	x	–	–	–	–
Inverse S&P 500 Strategy Fund	x	x	–	–	–	–
Japan 2x Strategy Fund	x	x	–	–	–	x
Global Managed Futures Srategy Fund	x	x	–	–	–	–
Mid-Cap 1.5x Strategy Fund	x	x	–	–	–	x
Multi-Hedge Strategies Fund	–	–	x	x	x	–
NASDAQ-100^® Fund	x	x	–	–	–	–
NASDAQ-100^® 2x Strategy Fund	x	x	–	–	–	x
Nova Fund	x	x	–	–	–	x
Russell 2000^® 1.5x Strategy Fund	x	x	–	–	–	x
Russell 2000^® 2x Strategy Fund	x	x	–	–	–	x
S&P 500^® 2x Strategy Fund	x	x	–	–	–	x
Strengthening Dollar 2x Strategy Fund	x	x	–	–	–	x
Weakening Dollar 2x Strategy Fund	x	x	–	–	–	x

(Registrant)	Rydex Variable Trust

By (Signature and Title)*	/s/ Donald C. Cacciapaglia
	Donald C. Cacciapaglia, President

Date	May 19, 2015

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

By (Signature and Title)*	/s/ Donald C. Cacciapaglia
	Donald C. Cacciapaglia, President

Date	May 19, 2015

By (Signature and Title)*	/s/ Nikolaos Bonos
	Nikolaos Bonos, Vice President & Treasurer

Date	May 19, 2015