	Shares		Value
COMMON STOCKS^† - 99.1% (continued)
Miscellaneous Manufacturing - 1.4% (continued)
Trinseo S.A.		11,300	$	485,109
Total Miscellaneous Manufacturing				1,268,813
Household Products & Housewares - 1.0%
Avery Dennison Corp.		11,933		891,992
Housewares - 0.8%
Scotts Miracle-Gro Co. — Class A		10,490		733,356
Total Common Stocks
(Cost $78,414,075)				89,906,820

	Face Amount
REPURCHASE AGREEMENT^††,1 - 0.6%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	529,333		529,333
Total Repurchase Agreement
(Cost $529,333)				529,333
Total Investments - 99.7%
(Cost $78,943,408)			$	90,436,153
Other Assets & Liabilities, net - 0.3%				244,833
Total Net Assets - 100.0%			$	90,680,986

*	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	Repurchase Agreement — See Note 4.
	ADR — American Depositary Receipt plc — Public Limited Company

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 2		Level 3		Total
Common Stocks	$	89,906,820	$	—	$	—	$	89,906,820
Repurchase Agreement		—		529,333		—		529,333
Total	$	89,906,820	$	529,333	$	—	$	90,436,153

For the period ended June 30, 2016, there were no transfers between levels.

Biotechnology Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 99.5%
Biotechnology - 63.0%
Amgen, Inc.		138,199	$	21,026,977
Gilead Sciences, Inc.		249,492		20,812,623
Celgene Corp.^*		174,565		17,217,346
Biogen, Inc.^*		57,721		13,958,092
Regeneron Pharmaceuticals, Inc.^*		33,144		11,574,879
Alexion Pharmaceuticals, Inc.^*		84,381		9,852,326
Illumina, Inc.^*		65,553		9,202,330
Vertex Pharmaceuticals, Inc.^*		103,240		8,880,705
Incyte Corp.^*		95,779		7,660,404
BioMarin Pharmaceutical, Inc.^*		87,924		6,840,487
Medivation, Inc.^*		104,160		6,280,848
Seattle Genetics, Inc.^*		118,654		4,794,808
United Therapeutics Corp.^*		40,886		4,330,645
Alnylam Pharmaceuticals, Inc.^*		75,733		4,202,424
Bio-Rad Laboratories, Inc. — Class A^*		27,772		3,971,951
Charles River Laboratories International, Inc.^*		47,065		3,880,039
Juno Therapeutics, Inc.^*		95,770		3,681,399
Intercept Pharmaceuticals, Inc.^*		25,435		3,629,066
Intrexon Corp.^*		134,080		3,299,709
Ionis Pharmaceuticals, Inc.^*		136,757		3,185,071
Kite Pharma, Inc.^*		60,100		3,005,000
Ligand Pharmaceuticals, Inc. — Class B^*		25,020		2,984,135
Medicines Co.^*		88,352		2,971,278
Myriad Genetics, Inc.^*		92,370		2,826,522
Novavax, Inc.^*		383,085		2,785,028
Exelixis, Inc.^*		337,600		2,636,656
Bluebird Bio, Inc.^*		58,600		2,536,794
Ultragenyx Pharmaceutical, Inc.^*		50,500		2,469,955
ARIAD Pharmaceuticals, Inc.^*		305,191		2,255,361
Five Prime Therapeutics, Inc.^*		52,600		2,175,010
Acorda Therapeutics, Inc.^*		82,337		2,100,005
Merrimack Pharmaceuticals, Inc.^*		389,300		2,098,327
Alder Biopharmaceuticals, Inc.^*		82,860		2,069,014
Prothena Corporation plc^*		58,180		2,033,973
Halozyme Therapeutics, Inc.^*		232,555		2,006,950
Achillion Pharmaceuticals, Inc.^*		243,100		1,896,180
Exact Sciences Corp.^*		146,194		1,790,877
AMAG Pharmaceuticals, Inc.^*		71,190		1,702,865
ZIOPHARM Oncology, Inc.^*		289,576		1,589,772
Total Biotechnology				212,215,831
Pharmaceuticals - 32.9%
AbbVie, Inc.		318,900		19,743,098
Shire plc ADR		83,381		15,348,723
Mylan N.V.^*		208,710		9,024,621
Quintiles Transnational Holdings, Inc.^*		84,754		5,536,131
TESARO, Inc.^*		64,003		5,379,452
OPKO Health, Inc.^*		479,440		4,477,970
Alkermes plc^*		92,042		3,978,055
Neurocrine Biosciences, Inc.^*		86,145		3,915,290
Jazz Pharmaceuticals plc^*		25,700		3,631,667
Akorn, Inc.^*		126,200		3,594,807
ACADIA Pharmaceuticals, Inc.^*		106,428		3,454,653
Horizon Pharma plc^*		190,000		3,129,300
PRA Health Sciences, Inc.^*		74,260		3,101,098
Impax Laboratories, Inc.^*		94,076		2,711,270
Ironwood Pharmaceuticals, Inc. — Class A^*		206,696		2,702,550
Nektar Therapeutics^*		187,960		2,674,671
Ophthotech Corp.^*		50,500		2,577,015
Agios Pharmaceuticals, Inc.^*		55,204		2,312,772
Portola Pharmaceuticals, Inc.^*		93,050		2,195,980
Depomed, Inc.^*		109,919		2,156,611
Pacira Pharmaceuticals, Inc.^*		61,200		2,064,276
Sarepta Therapeutics, Inc.^*		107,800		2,055,746
Relypsa, Inc.^*		98,160		1,815,960
Heron Therapeutics, Inc.^*		89,580		1,616,919
Eagle Pharmaceuticals, Inc.^*		38,700		1,501,173
Total Pharmaceuticals				110,699,808
Healthcare-Products - 2.8%
Bio-Techne Corp.		33,797		3,811,288
Cepheid^*		95,618		2,940,254
QIAGEN N.V.^*		128,800		2,809,128
Total Healthcare-Products				9,560,670
Commercial Services - 0.8%
Incorporated Research Holdings, Inc. — Class A^*		74,200		2,829,246
Total Common Stocks
(Cost $193,314,706)				335,305,555

RIGHTS^†^†† - 0.0%
Dyax Corp.
Expires 01/25/17^*		167,165		–
Clinical Data, Inc.
Expires 12/31/20^*		24,000		–
Chelsea Therapeutics International
Expires 12/31/17^*		231,107		–
Total Rights
(Cost $17,304)				–

	Face Amount
REPURCHASE AGREEMENT^††,1 - 0.7%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	2,219,945		2,219,945
Total Repurchase Agreement
(Cost $2,219,945)				2,219,945
Total Investments - 100.2%
(Cost $195,551,955)			$	337,525,500
Other Assets & Liabilities, net - (0.2)%				(524,095	)
Total Net Assets - 100.0%			$	337,001,405

*	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.

Biotechnology Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

¹	Repurchase Agreement — See Note 4.
	ADR — American Depositary Receipt plc — Public Limited Company

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 2		Level 3		Total
Common Stocks	$	335,305,555	$	—	$	—	$	335,305,555
Repurchase Agreement		—		2,219,945		—		2,219,945
Rights		—		—		—		—
Total	$	335,305,555	$	2,219,945	$	—	$	337,525,500

For the period ended June 30, 2016, there were no transfers between levels.

Consumer Products Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 99.1%
Food - 38.2%
Kraft Heinz Co.		197,490	$	17,473,915
Mondelez International, Inc. — Class A		311,136		14,159,799
General Mills, Inc.		156,227		11,142,110
Kroger Co.		274,494		10,098,634
Kellogg Co.		111,356		9,092,217
Sysco Corp.		174,464		8,852,303
Tyson Foods, Inc. — Class A		132,369		8,840,925
Hershey Co.		77,292		8,771,869
Campbell Soup Co.		115,407		7,678,028
ConAgra Foods, Inc.		158,832		7,593,758
Hormel Foods Corp.		202,116		7,397,446
JM Smucker Co.		47,131		7,183,236
McCormick & Company, Inc.		58,450		6,234,862
Whole Foods Market, Inc.		176,897		5,664,242
Ingredion, Inc.		39,830		5,154,400
WhiteWave Foods Co. — Class A^*		102,081		4,791,682
Pilgrim's Pride Corp.		166,589		4,244,687
Post Holdings, Inc.^*		50,900		4,208,921
TreeHouse Foods, Inc.^*		39,801		4,085,573
Pinnacle Foods, Inc.		84,600		3,916,134
BRF S.A. ADR		273,500		3,809,855
Hain Celestial Group, Inc.^*		73,845		3,673,789
Blue Buffalo Pet Products, Inc.^*		147,000		3,430,980
Flowers Foods, Inc.		177,592		3,329,850
Lancaster Colony Corp.		24,652		3,145,842
Snyder's-Lance, Inc.		91,000		3,083,990
B&G Foods, Inc.		60,531		2,917,594
United Natural Foods, Inc.^*		55,230		2,584,764
Darling Ingredients, Inc.^*		172,964		2,577,164
Sanderson Farms, Inc.		27,398		2,373,763
Dean Foods Co.		118,363		2,141,187
Total Food				189,653,519
Beverages - 22.5%
Coca-Cola Co.		511,680		23,194,454
PepsiCo, Inc.		194,905		20,648,236
Constellation Brands, Inc. — Class A		58,719		9,712,122
Monster Beverage Corp.^*		58,986		9,479,640
Molson Coors Brewing Co. — Class B		77,140		7,801,168
Brown-Forman Corp. — Class B		76,185		7,600,216
Anheuser-Busch InBev S.A. ADR		57,610		7,586,085
Dr Pepper Snapple Group, Inc.		74,119		7,162,119
Coca-Cola European Partners plc		191,294		6,827,283
Ambev S.A. ADR		905,349		5,350,613
Fomento Economico Mexicano SAB de CV ADR		43,283		4,003,245
Boston Beer Company, Inc. — Class A^*		14,700		2,514,141
Total Beverages				111,879,322
Agriculture - 15.5%
Philip Morris International, Inc.		207,014		21,057,464
Altria Group, Inc.		283,501		19,550,229
Reynolds American, Inc.		279,477		15,072,195
Archer-Daniels-Midland Co.		195,616		8,389,970
Bunge Ltd.		80,100		4,737,915
British American Tobacco plc ADR		26,800		3,470,064
Vector Group Ltd.		122,217		2,740,105
Universal Corp.		33,384		1,927,592
Total Agriculture				76,945,534
Cosmetics & Personal Care - 12.3%
Procter & Gamble Co.		294,274		24,916,179
Colgate-Palmolive Co.		183,899		13,461,407
Estee Lauder Companies, Inc. — Class A		105,056		9,562,197
Coty, Inc. — Class A		187,202		4,865,380
Unilever N.V. — Class Y		93,251		4,377,202
Edgewell Personal Care Co.^*		44,988		3,797,437
Total Cosmetics & Personal Care				60,979,802
Household Products & Housewares - 5.9%
Kimberly-Clark Corp.		85,309		11,728,281
Clorox Co.		51,367		7,108,679
Church & Dwight Company, Inc.		59,466		6,118,457
Spectrum Brands Holdings, Inc.		36,900		4,402,539
Total Household Products & Housewares				29,357,956
Pharmaceuticals - 2.2%
Mead Johnson Nutrition Co. — Class A		76,579		6,949,545
Herbalife Ltd.^*		65,459		3,831,315
Total Pharmaceuticals				10,780,860
Retail - 1.3%
Casey's General Stores, Inc.		30,023		3,948,324
Nu Skin Enterprises, Inc. — Class A		55,230		2,551,074
Total Retail				6,499,398
Electrical Components & Equipment - 0.6%
Energizer Holdings, Inc.		57,135		2,941,881
Holding Companies-Diversified - 0.6%
HRG Group, Inc.^*		202,800		2,784,444
Total Common Stocks
(Cost $365,892,035)				491,822,716

RIGHTS^†^†† - 0.0%
PDC
Expires 01/17/17^*		93,765		–
Casa Ley
Expires 01/17/19^*		93,765		–
Total Rights
(Cost $23,055)				–

Consumer Products Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Face Amount		Value
REPURCHASE AGREEMENT^††,1 - 0.4%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	2,016,601	$	2,016,601
Total Repurchase Agreement
(Cost $2,016,601)				2,016,601
Total Investments - 99.5%
(Cost $367,931,691)			$	493,839,317
Other Assets & Liabilities, net - 0.5%				2,637,093
Total Net Assets - 100.0%			$	496,476,410

*	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	Repurchase Agreement — See Note 4.
	ADR — American Depositary Receipt plc — Public Limited Company

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 2		Level 3		Total
Common Stocks	$	491,822,716	$	—	$	—	$	491,822,716
Repurchase Agreement		—		2,016,601		—		2,016,601
Rights		—		—		—		—
Total	$	491,822,716	$	2,016,601	$	—	$	493,839,317

For the period ended June 30, 2016, there were no transfers between levels.

Dow Jones Industrial Average^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 70.6%
Industrial - 13.9%
3M Co.		7,147	$	1,251,582
Boeing Co.		7,147		928,181
United Technologies Corp.		7,147		732,925
Caterpillar, Inc.		7,147		541,814
General Electric Co.		7,147		224,988
Total Industrial				3,679,490
Consumer, Non-cyclical - 13.1%
UnitedHealth Group, Inc.		7,147		1,009,156
Johnson & Johnson		7,147		866,931
Procter & Gamble Co.		7,147		605,136
Merck & Company, Inc.		7,147		411,739
Coca-Cola Co.		7,147		323,974
Pfizer, Inc.		7,147		251,646
Total Consumer, Non-cyclical				3,468,582
Financial - 12.5%
Goldman Sachs Group, Inc.		7,147		1,061,900
Travelers Companies, Inc.		7,147		850,779
Visa, Inc. — Class A		7,147		530,093
JPMorgan Chase & Co.		7,147		444,115
American Express Co.		7,147		434,252
Total Financial				3,321,139
Consumer, Cyclical - 10.2%
Home Depot, Inc.		7,147		912,601
McDonald's Corp.		7,147		860,070
Wal-Mart Stores, Inc.		7,147		521,874
NIKE, Inc. — Class B		7,147		394,514
Total Consumer, Cyclical				2,689,059
Technology - 8.9%
International Business Machines Corp.		7,147		1,084,771
Apple, Inc.		7,147		683,253
Microsoft Corp.		7,147		365,712
Intel Corp.		7,147		234,422
Total Technology				2,368,158
Energy - 5.4%
Chevron Corp.		7,147		749,220
Exxon Mobil Corp.		7,147		669,960
Total Energy				1,419,180
Communications - 4.9%
Walt Disney Co.		7,147		699,120
Verizon Communications, Inc.		7,147		399,088
Cisco Systems, Inc.		7,147		205,047
Total Communications				1,303,255
Basic Materials - 1.7%
EI du Pont de Nemours & Co.		7,147		463,126
Total Common Stocks
(Cost $18,137,290)				18,711,989

MUTUAL FUNDS^† - 8.1%
Guggenheim Strategy Fund I¹		42,837		1,067,059
Guggenheim Strategy Fund II¹		42,971		1,066,107
Total Mutual Funds
(Cost $2,127,834)				2,133,166

	Face Amount
REPURCHASE AGREEMENTS^††,2 - 4.7%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	666,741		666,741
Royal Bank of Canada issued 06/30/16 at 0.33% due 07/01/16		566,843		566,843
Total Repurchase Agreements
(Cost $1,233,584)				1,233,584
Total Investments - 83.4%
(Cost $21,498,708)			$	22,078,739
Other Assets & Liabilities, net - 16.6%				4,409,794
Total Net Assets - 100.0%			$	26,488,533

	Units		Unrealized Gain
OTC EQUITY INDEX SWAP AGREEMENTS^††
Barclays Bank plc July 2016 Dow Jones Industrial Average Index Swap 0.44%³, Terminating 07/29/16 (Notional Value $7,753,535)		432	$	56,967

^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Affiliated issuer — See Note 5.
²	Repurchase Agreements — See Note 4.
³	Total Return based on Dow Jones Industrial Average Index +/- financing at a variable rate. Rate indicated is rate effective at June 30, 2016.
	plc — Public Limited Company

See Sector Classification in Other Information section.

Dow Jones Industrial Average^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 2		Level 2 - Other*		Level 3		Total
Common Stocks	$	18,711,989	$	—	$	—	$	—	$	18,711,989
Equity Index Swap Agreements		—		—		56,967		—		56,967
Mutual Funds		2,133,166		—		—		—		2,133,166
Repurchase Agreements		—		1,233,584		—		—		1,233,584
Total	$	20,845,155	$	1,233,584	$	56,967	$	—	$	22,135,706

* Other financial instruments include swaps, which are reported as unrealized gain/loss at period end.

For the period ended June 30, 2016, there were no transfers between levels.

Electronics Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 100.1%
Semiconductors - 94.5%
Intel Corp.		106,950	$	3,507,959
QUALCOMM, Inc.		45,405		2,432,346
Texas Instruments, Inc.		34,837		2,182,538
Broadcom Ltd.		10,914		1,696,036
Applied Materials, Inc.		59,221		1,419,528
NVIDIA Corp.		29,038		1,365,076
Taiwan Semiconductor Manufacturing Company Ltd. ADR		45,778		1,200,757
Analog Devices, Inc.		20,199		1,144,071
Micron Technology, Inc.^*		81,724		1,124,522
NXP Semiconductor N.V.^*		13,884		1,087,672
Lam Research Corp.		12,138		1,020,320
Skyworks Solutions, Inc.		14,921		944,201
Xilinx, Inc.		20,105		927,444
KLA-Tencor Corp.		12,600		922,950
Linear Technology Corp.		19,375		901,519
Microchip Technology, Inc.		17,657		896,269
Maxim Integrated Products, Inc.		24,149		861,878
Qorvo, Inc.^*		13,286		734,184
Teradyne, Inc.		28,902		569,080
ARM Holdings plc ADR		12,178		554,221
Microsemi Corp.^*		16,026		523,730
ON Semiconductor Corp.^*		58,768		518,334
Cypress Semiconductor Corp.		48,430		510,937
Marvell Technology Group Ltd.		53,230		507,282
ASML Holding N.V. — Class G		4,642		460,533
Monolithic Power Systems, Inc.		6,683		456,583
Integrated Device Technology, Inc.^*		21,945		441,753
Cavium, Inc.^*		11,301		436,219
Mellanox Technologies Ltd.^*		9,088		435,860
Cirrus Logic, Inc.^*		11,204		434,603
MKS Instruments, Inc.		9,992		430,256
Cree, Inc.^*		17,296		422,714
Silicon Motion Technology Corp. ADR		8,800		420,640
Fairchild Semiconductor International, Inc. — Class A^*		20,830		413,476
Silicon Laboratories, Inc.^*		8,029		391,333
Synaptics, Inc.^*		6,859		368,671
Intersil Corp. — Class A		26,685		361,315
Himax Technologies, Inc. ADR		43,105		356,047
M/A-COM Technology Solutions Holdings, Inc.^*		10,571		348,632
Ambarella, Inc.^*		6,825		346,778
Tessera Technologies, Inc.		11,080		339,491
Semtech Corp.^*		14,219		339,265
Power Integrations, Inc.		6,329		316,893
Rambus, Inc.^*		26,214		316,665
Inphi Corp.^*		9,800		313,894
MaxLinear, Inc. — Class A^*		15,660		281,567
Total Semiconductors				35,986,042
Energy-Alternate Sources - 3.6%
First Solar, Inc.^*		12,513		606,630
Canadian Solar, Inc.^*		27,546		416,496
SolarEdge Technologies, Inc.^*		18,850		369,460
Total Energy-Alternate Sources				1,392,586
Electrical Components & Equipment - 2.0%
SunPower Corp. — Class A^*		27,032		418,726
Advanced Energy Industries, Inc.^*		8,950		339,742
Total Electrical Components & Equipment				758,468
Total Common Stocks
(Cost $37,596,921)				38,137,096

	Face Amount
REPURCHASE AGREEMENT^††,1 - 0.4%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	149,956		149,956
Total Repurchase Agreement
(Cost $149,956)				149,956
Total Investments - 100.5%
(Cost $37,746,877)			$	38,287,052
Other Assets & Liabilities, net - (0.5)%				(205,543	)
Total Net Assets - 100.0%			$	38,081,509

*	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

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 2		Level 3		Total
Common Stocks	$	38,137,096	$	—	$	—	$	38,137,096
Repurchase Agreement	$	—	$	149,956	$	—	$	149,956
Total	$	38,137,096	$	149,956	$	—	$	38,287,052

For the period ended June 30, 2016, there were no transfers between levels.

Emerging Markets 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 11.7%
Communications - 4.5%
Alibaba Group Holding Ltd. ADR^*		2,522	$	200,576
China Mobile Ltd. ADR		2,473		143,187
Baidu, Inc. ADR^*		608		100,411
America Movil SAB de CV — Class L ADR		3,811		46,723
JD.com, Inc. ADR^*		2,002		42,502
Telekomunikasi Indonesia Persero Tbk PT ADR		555		34,110
Ctrip.com International Ltd. ADR^*		799		32,919
Chunghwa Telecom Company Ltd. ADR		854		31,000
Grupo Televisa SAB ADR		983		25,597
SK Telecom Company Ltd. ADR		800		16,736
Qihoo 360 Technology Company Ltd. ADR^*		227		16,582
Telefonica Brasil S.A. ADR		1,056		14,362
China Telecom Corporation Ltd. ADR		312		14,037
China Unicom Hong Kong Ltd. ADR		1,289		13,418
Mobile TeleSystems PJSC ADR		1,136		9,406
Vipshop Holdings Ltd. ADR^*		827		9,238
Total Communications				750,804
Technology - 2.3%
Taiwan Semiconductor Manufacturing Company Ltd. ADR		8,385		219,939
Infosys Ltd. ADR		4,486		80,075
NetEase, Inc. ADR		165		31,881
Wipro Ltd. ADR		1,319		16,303
Advanced Semiconductor Engineering, Inc. ADR		2,822		15,746
United Microelectronics Corp. ADR		5,344		10,635
Siliconware Precision Industries Company Ltd. ADR		1,077		8,250
Total Technology				382,829
Financial - 1.8%
Itau Unibanco Holding S.A. ADR		6,604		62,341
HDFC Bank Ltd. ADR		919		60,976
Banco Bradesco S.A. ADR		6,244		48,766
China Life Insurance Company Ltd. ADR		3,343		35,971
Shinhan Financial Group Company Ltd. ADR		1,065		34,868
KB Financial Group, Inc. ADR		868		24,703
ICICI Bank Ltd. ADR		3,193		22,926
Total Financial				290,551
Energy - 1.2%
CNOOC Ltd. ADR		361		45,002
China Petroleum & Chemical Corp. ADR		573		41,256
PetroChina Company Ltd. ADR		474		32,194
Sasol Ltd. ADR		1,140		30,917
Petroleo Brasileiro S.A. Preferred ADR^*		4,593		26,685
Petroleo Brasileiro S.A. ADR^*		3,343		23,936
Total Energy				199,990
Consumer, Non-cyclical - 0.8%
Ambev S.A. ADR		9,882		58,403
Fomento Economico Mexicano SAB de CV ADR		296		27,377
BRF S.A. ADR		1,369		19,070
Dr Reddy's Laboratories Ltd. ADR		188		9,631
Coca-Cola Femsa SAB de CV ADR		112		9,292
Total Consumer, Non-cyclical				123,773
Basic Materials - 0.6%
POSCO ADR		721		32,085
Ultrapar Participacoes S.A. ADR		975		21,460
Vale S.A. Preferred ADR		4,553		18,257
Vale S.A. ADR		3,396		17,184
AngloGold Ashanti Ltd. ADR^*		903		16,308
Total Basic Materials				105,294
Industrial - 0.2%
Cemex SAB de CV ADR^*		3,146		19,411
LG Display Company Ltd. ADR		997		11,555
Total Industrial				30,966
Utilities - 0.2%
Korea Electric Power Corp. ADR		1,154		29,923
Consumer, Cyclical - 0.1%
Tata Motors Ltd. ADR^*		454		15,740
Total Common Stocks
(Cost $1,803,978)				1,929,870

	Face Amount
REPURCHASE AGREEMENTS^††,1 - 8.7%
UMB Financial Corp. issued 06/30/16 at 0.26% due 07/01/16²	$	765,181		765,181
HSBC Group issued 06/30/16 at 0.26% due 07/01/16		357,982		357,982
Royal Bank of Canada issued 06/30/16 at 0.33% due 07/01/16		304,346		304,346
Total Repurchase Agreements
(Cost $1,427,509)				1,427,509
Total Investments - 20.4%
(Cost $3,231,487)			$	3,357,379
Other Assets & Liabilities, net - 79.6%				13,135,531
Total Net Assets - 100.0%			$	16,492,910

	Contracts		Unrealized Gain
EQUITY FUTURES CONTRACTS PURCHASED^†
September 2016 MSCI Emerging Markets Index Mini Futures Contracts (Aggregate Value of Contracts $2,505,300)		60	$	2,687

Emerging Markets 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Units		Unrealized Gain
OTC EQUITY INDEX SWAP AGREEMENTS^††
Goldman Sachs International July 2016 Bank of New York Mellon Emerging Markets 50 ADR Index Swap 0.44%³, Terminating 07/27/16 (Notional Value $28,454,215)		14,313	$	351,909

^*	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 Agreements — See Note 4.
²	All or a portion of this security is pledged as equity index swap collateral at June 30, 2016.
³	Total Return based on Bank of New York Mellon Emerging Markets 50 ADR Index +/- financing at a variable rate. Rate indicated is the rate effective at June 30, 2016.
	ADR — American Depositary Receipt

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 1 - Other*		Level 2		Level 2 - Other*		Level 3		Total
Common Stocks	$	1,929,870	$	—	$	—	$	—	$	—	$	1,929,870
Equity Futures Contracts		—		2,687		—		—		—		2,687
Equity Index Swap Agreements		—		—		—		351,909		—		351,909
Repurchase Agreements		—		—		1,427,509		—		—		1,427,509
Total	$	1,929,870	$	2,687	$	1,427,509	$	351,909	$	—	$	3,711,975

* Other financial instruments include futures contracts and/or swaps, which are reported as unrealized gain/loss at period end.

For the period ended June 30, 2016, there were no transfers between levels.

Emerging Markets Bond Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Face Amount		Value
REPURCHASE AGREEMENTS^††,1 - 99.1%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	2,650,190	$	2,650,190
Royal Bank of Canada issued 06/30/16 at 0.33% due 07/01/16		2,253,111		2,253,111
Total Repurchase Agreements
(Cost $4,903,301)				4,903,301
Total Investments - 99.1%
(Cost $4,903,301)			$	4,903,301
Other Assets & Liabilities, net - 0.9%				45,189
Total Net Assets - 100.0%			$	4,948,490

	Contracts		Unrealized Gain
INTEREST RATE FUTURES CONTRACTS PURCHASED^†
September 2016 U.S. Treasury 5 Year Note Futures Contracts (Aggregate Value of Contracts $977,312)		8	$	17,955

September 2016 U.S. Treasury 10 Year Note Futures Contracts (Aggregate Value of Contracts $531,938)			4				14,431
(Total Aggregate Value of Contracts $1,509,250)						$	32,386

	Units
OTC EQUITY SWAP AGREEMENTS^††
Goldman Sachs International August 2016 PowerShares Emerging Markets Sovereign Debt Portfolio Swap 0.44%², Terminating 08/01/16 (Notional Value $1,726,880)		58,380	$	41,991
Goldman Sachs International August 2016 iShares JPMorgan USD Emerging Markets Bond ETF Swap 0.44%³, Terminating 08/01/16 (Notional Value $1,725,983)		14,989		37,285
(Total Notional Value $3,452,863)			$	79,276

CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS PROTECTION SOLD^††
Index	Counterparty	Exchange	Protection Premium Rate			Maturity Date	Notional Principal		Notional Value			Upfront Premiums Paid		Unrealized Appreciation
CDX.EM-25 Index	Barclays Bank plc	ICE		1.00	%	06/20/21	$	550,000	$	(508,365	)	$	47,760	$	6,125
CDX.EM-25 Index	Goldman Sachs International	ICE		1.00	%	06/20/21		1,450,000		(1,340,235	)		128,365		18,600
												$	176,125	$	24,725

^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Repurchase Agreements — See Note 4.
²	Total Return based on PowerShares Emerging Markets Sovereign Debt Portfolio +/- financing at a variable rate. Rate indicated is rate effective June 30, 2016.
³	Total Return based on iShares JPMorgan USD Emerging Markets Bond ETF +/- financing at a variable rate. Rate indicated is rate effective June 30, 2016.

ICE — Intercontinenal Exchange
CDX.EM-25 Index — Credit Default Swap Emerging Markets Series 25 Index
plc — Public Limited Company

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 1 - Other*		Level 2		Level 2 - Other*		Level 3		Total
Credit Default Swap Agreements	$	—	$	—	$	—	$	24,725	$	—	$	24,725
Equity Swap Agreements		—		—		—		79,276		—		79,726
Interest Rate Futures Contracts		—		32,386		—		—		—		32,386
Repurchase Agreements		—		—		4,903,301		—		—		4,903,301
Total	$	—	$	32,386	$	4,903,301	$	104,001	$	—	$	5,039,688

* Other financial instruments include futures contracts and/or swaps, which are reported as unrealized gain/loss at period end.

For the period ended June 30, 2016, there were no transfers between levels.

Energy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 99.2%
Oil & Gas - 72.3%
Exxon Mobil Corp.		40,622	$	3,807,907
Chevron Corp.		26,175		2,743,925
Occidental Petroleum Corp.		19,392		1,465,260
ConocoPhillips		32,731		1,427,072
EOG Resources, Inc.		15,969		1,332,134
Phillips 66		15,415		1,223,026
Anadarko Petroleum Corp.		18,691		995,296
Pioneer Natural Resources Co.		6,344		959,276
Marathon Petroleum Corp.		24,488		929,564
Valero Energy Corp.		18,140		925,140
Apache Corp.		16,360		910,761
Hess Corp.		14,639		879,804
Devon Energy Corp.		23,735		860,394
Continental Resources, Inc.^*		18,419		833,828
Concho Resources, Inc.^*		6,393		762,493
Marathon Oil Corp.		50,625		759,881
Noble Energy, Inc.		21,057		755,315
Equities Corp.		9,157		709,027
Petroleo Brasileiro S.A. ADR^*		98,798		707,394
BP plc ADR		19,583		695,392
Cabot Oil & Gas Corp. — Class A		26,580		684,169
Cimarex Energy Co.		5,660		675,351
Transocean Ltd.		52,716		626,794
Cheniere Energy, Inc.^*		16,262		610,638
Newfield Exploration Co.^*		13,757		607,784
Royal Dutch Shell plc — Class A ADR		11,000		607,420
Tesoro Corp.		7,822		586,024
Antero Resources Corp.^*		20,632		536,019
Helmerich & Payne, Inc.		7,861		527,709
Range Resources Corp.		12,142		523,806
Diamondback Energy, Inc.^*		5,492		500,925
Suncor Energy, Inc.		17,821		494,176
Murphy Oil Corp.		15,375		488,156
Canadian Natural Resources Ltd.		15,696		483,908
Ensco plc — Class A		49,126		477,013
Parsley Energy, Inc. — Class A^*		16,896		457,206
Encana Corp.		56,234		438,063
Noble Corporation plc		53,103		437,569
Energen Corp.		8,972		432,540
Southwestern Energy Co.^*		33,815		425,393
HollyFrontier Corp.		16,357		388,806
Gulfport Energy Corp.^*		12,118		378,809
QEP Resources, Inc.		21,184		373,474
RSP Permian, Inc.^*		10,569		368,752
Rice Energy, Inc.^*		16,361		360,596
Diamond Offshore Drilling, Inc.		14,689		357,383
WPX Energy, Inc.^*		38,103		354,739
Patterson-UTI Energy, Inc.		16,432		350,330
Memorial Resource Development Corp.^*		22,000		349,360
Statoil ASA ADR		19,400		335,814
PDC Energy, Inc.^*		5,777		332,813
Nabors Industries Ltd.		32,837		330,012
Chesapeake Energy Corp.^*		76,918		329,209
CNOOC Ltd. ADR		2,430		302,924
Cenovus Energy, Inc.		21,580		298,236
Rowan Companies plc — Class A		16,609		293,315
PBF Energy, Inc. — Class A		12,268		291,733
Laredo Petroleum, Inc.^*		27,646		289,730
YPF S.A. ADR		14,829		284,717
Western Refining, Inc.		13,466		277,804
Carrizo Oil & Gas, Inc.^*		7,744		277,622
SM Energy Co.		10,269		277,263
Whiting Petroleum Corp.^*		29,771		275,679
Oasis Petroleum, Inc.^*		27,230		254,328
Matador Resources Co.^*		12,644		250,351
Callon Petroleum Co.^*		20,800		233,584
Atwood Oceanics, Inc.		14,696		183,994
Delek US Holdings, Inc.		13,351		176,367
PrairieSky Royalty Ltd.		350		6,641
Total Oil & Gas				42,887,937
Oil & Gas Services - 13.9%
Schlumberger Ltd.		26,064		2,061,141
Halliburton Co.		27,453		1,243,346
Baker Hughes, Inc.		18,586		838,786
National Oilwell Varco, Inc.		20,433		687,570
Weatherford International plc^*		90,562		502,619
Targa Resources Corp.		11,890		501,045
FMC Technologies, Inc.^*		18,192		485,181
RPC, Inc.^*		23,790		369,459
Core Laboratories N.V.		2,969		367,829
Oceaneering International, Inc.		10,910		325,773
Superior Energy Services, Inc.		17,642		324,789
Dril-Quip, Inc.^*		4,990		291,566
Oil States International, Inc.^*		7,976		262,251
Total Oil & Gas Services				8,261,355
Pipelines - 9.6%
Kinder Morgan, Inc.		67,680		1,266,970
Spectra Energy Corp.		27,338		1,001,391
Williams Companies, Inc.		35,034		757,785
ONEOK, Inc.		13,047		619,080
Columbia Pipeline Group, Inc.		23,829		607,401
Plains GP Holdings, LP — Class A		46,805		488,176
TransCanada Corp.		8,318		376,140
Enbridge, Inc.		7,657		324,351
SemGroup Corp. — Class A		7,540		245,502
Total Pipelines				5,686,796
Mining - 1.0%
US Silica Holdings, Inc.		8,541		294,408
Cameco Corp.		24,702		270,981
Total Mining				565,389
Coal - 0.7%
CONSOL Energy, Inc.		25,139		404,487
Metal Fabricate & Hardware - 0.6%
Tenaris S.A. ADR		12,985		374,487
Retail - 0.6%
World Fuel Services Corp.		7,643		362,966
Transportation - 0.5%
Golar LNG Ltd.		20,439		316,805
Total Common Stocks
(Cost $41,268,888)				58,860,222

Energy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Face Amount		Value
REPURCHASE AGREEMENT^††,1 - 0.5%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	305,088	$	305,088
Total Repurchase Agreement
(Cost $305,088)				305,088
Total Investments - 99.7%
(Cost $41,573,976)			$	59,165,310
Other Assets & Liabilities, net - 0.3%				152,554
Total Net Assets - 100.0%			$	59,317,864

*	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

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 2		Level 3		Total
Common Stocks	$	58,860,222	$	—	$	—	$	58,860,222
Repurchase Agreement		—		305,088		—		305,088
Total	$	58,860,222	$	305,088	$	—	$	59,165,310

For the period ended June 30, 2016, there were no transfers between levels.

Energy Services Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 99.5%
Oil & Gas Services - 65.8%
Schlumberger Ltd.		36,609	$	2,895,040
Halliburton Co.		38,570		1,746,835
Baker Hughes, Inc.		26,196		1,182,225
National Oilwell Varco, Inc.		28,770		968,110
FMC Technologies, Inc.^*		25,570		681,952
Weatherford International plc^*		101,309		562,265
RPC, Inc.^*		33,396		518,640
Oceaneering International, Inc.		15,293		456,649
Superior Energy Services, Inc.		24,780		456,200
Dril-Quip, Inc.^*		6,969		407,199
Core Laboratories N.V.		3,090		382,820
Oil States International, Inc.^*		11,161		366,974
Forum Energy Technologies, Inc.^*		20,411		353,314
McDermott International, Inc.^*		63,739		314,871
SEACOR Holdings, Inc.^*		4,702		272,481
Frank's International N.V.		15,131		221,064
Bristow Group, Inc.		14,115		161,052
CARBO Ceramics, Inc.		11,982		156,964
Total Oil & Gas Services				12,104,655
Oil & Gas - 27.8%
Helmerich & Payne, Inc.		11,015		739,437
Transocean Ltd.		59,092		702,604
Ensco plc — Class A		53,731		521,728
Diamond Offshore Drilling, Inc.		20,625		501,806
Patterson-UTI Energy, Inc.		23,065		491,746
Noble Corporation plc		57,617		474,764
Nabors Industries Ltd.		46,140		463,707
Rowan Companies plc — Class A		23,426		413,703
Seadrill Ltd.^*		92,643		300,163
Atwood Oceanics, Inc.		20,690		259,039
Unit Corp.^*		15,779		245,521
Total Oil & Gas				5,114,218
Mining - 2.3%
U.S. Silica Holdings, Inc.		12,008		413,916
Metal Fabricate & Hardware - 2.1%
Tenaris S.A. ADR		13,006		375,093
Transportation - 1.5%
Hornbeck Offshore Services, Inc.^*		18,567		154,849
Tidewater, Inc.		28,837		127,171
Total Transportation				282,020
Total Common Stocks
(Cost $11,766,121)				18,289,902

	Face Amount
REPURCHASE AGREEMENTS^††,1 - 0.5%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	89,613		89,613
Total Repurchase Agreements
(Cost $89,613)				89,613
Total Investments - 100.0%
(Cost $11,855,734)			$	18,379,515
Other Assets & Liabilities, net - 0.0%				3,428
Total Net Assets - 100.0%			$	18,382,943

*	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

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 2		Level 3		Total
Common Stocks	$	18,289,902	$	—	$	—	$	18,289,902
Repurchase Agreements		—		89,613		—		89,613
Total	$	18,289,902	$	89,613	$	—	$	18,379,515

For the period ended June 30, 2016, there were no transfers between levels.

Europe 1.25x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 48.0%
Consumer, Non-cyclical - 19.3%
Nestle S.A. ADR		1,521	$	117,588
Novartis AG ADR		1,197		98,765
Roche Holding AG ADR		2,692		88,702
British American Tobacco plc ADR		446		57,748
GlaxoSmithKline plc ADR		1,157		50,145
Novo Nordisk A/S ADR		907		48,778
Anheuser-Busch InBev S.A. ADR		366		48,195
Sanofi ADR		1,128		47,207
Bayer AG ADR		393		39,555
AstraZeneca plc ADR		1,191		35,956
Unilever N.V. — Class Y		748		35,111
Diageo plc ADR		300		33,864
Reckitt Benckiser Group plc ADR		1,584		32,187
Unilever plc ADR		626		29,992
Imperial Brands plc ADR		228		24,900
Total Consumer, Non-cyclical				788,693
Financial - 10.8%
Prudential plc ADR		4,304		146,379
HSBC Holdings plc ADR		1,863		58,332
Allianz SE ADR		2,188		31,507
Banco Santander S.A. ADR		6,959		27,279
BNP Paribas S.A. ADR		1,065		24,048
Lloyds Banking Group plc ADR		7,568		22,477
UBS Group AG		1,719		22,278
AXA S.A. ADR		992		19,959
ING Groep N.V. ADR		1,848		19,090
Zurich Insurance Group AG ADR		715		17,682
Banco Bilbao Vizcaya Argentaria S.A. ADR		3,029		17,386
Barclays plc ADR		1,983		15,071
Credit Suisse Group AG ADR		884		9,459
Deutsche Bank AG^*		656		9,007
Total Financial				439,954
Utilities - 4.8%
National Grid plc ADR		2,610		194,001
Energy - 4.5%
Total S.A. ADR		1,164		55,989
Royal Dutch Shell plc — Class A ADR		1,003		55,386
BP plc ADR		1,444		51,276
Eni SpA ADR		606		19,604
Total Energy				182,255
Communications - 2.6%
Vodafone Group plc ADR		1,257		38,829
Deutsche Telekom AG ADR		1,513		25,690
BT Group plc ADR		826		23,004
Telefonica S.A. ADR		2,106		19,965
Total Communications				107,488
Industrial - 1.9%
Siemens AG ADR		382		39,189
ABB Ltd. ADR^*		1,052		20,861
Schneider Electric SE ADR		1,395		16,475
Total Industrial				76,525
Basic Materials - 1.7%
BASF SE ADR		438		33,594
Rio Tinto plc ADR		574		17,966
Air Liquide S.A. ADR		821		17,266
Total Basic Materials				68,826
Consumer, Cyclical - 1.5%
Daimler AG ADR		475		28,536
LVMH Moet Hennessy Louis Vuitton SE ADR		649		19,690
Cie Financiere Richemont S.A. ADR		2,496		14,502
Total Consumer, Cyclical				62,728
Technology - 0.9%
SAP SE ADR		468		35,109
Total Common Stocks
(Cost $1,689,218)				1,955,579

MUTUAL FUNDS^† - 8.1%
Guggenheim Strategy Fund II¹		7,684		190,636
Guggenheim Strategy Fund I¹		5,644		140,582
Total Mutual Funds
(Cost $330,443)				331,218

	Face Amount
REPURCHASE AGREEMENTS^††,2 - 289.0%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	6,371,454		6,371,454
Royal Bank of Canada issued 06/30/16 at 0.33% due 07/01/16		5,416,818		5,416,818
Total Repurchase Agreements
(Cost $11,788,272)				11,788,272
Total Investments - 345.1%
(Cost $13,807,933)			$	14,075,069
Other Assets & Liabilities, net - (245.1)%				(9,996,639	)
Total Net Assets - 100.0%			$	4,078,430

	Contracts		Unrealized Gain
EQUITY FUTURES CONTRACTS PURCHASED^††
September 2016 STOXX 50 Index Futures Contracts (Aggregate Value of Contracts $3,742,802)		120	$	233,339

CURRENCY FUTURES CONTRACTS PURCHASED^†
September 2016 Euro FX Futures Contracts (Aggregate Value of Contracts $3,754,518)		27	$	24,680

*	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	Affiliated issuer — See Note 5.

Europe 1.25x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

²	Repurchase Agreements — See Note 4.
	ADR — American Depositary Receipt plc — Public Limited Company

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 1 - Other*		Level 2		Level 2 - Other*		Level 3		Total
Common Stocks	$	1,955,579	$	—	$	—	$	—	$	—	$	1,955,579
Currency Futures Contracts		—		24,680		—		—		—		24,680
Equity Futures Contracts		—		—		—		233,339		—		233,339
Mutual Funds		331,218		—		—		—		—		331,218
Repurchase Agreements		—		—		11,788,272		—		—		11,788,272
Total	$	2,286,797	$	24,680	$	11,788,272	$	233,339	$	—	$	14,333,088

* Other financial instruments include futures contracts which are reported as unrealized gain/loss at period end.

For the period ended June 30, 2016, there were no transfers between levels.

Event Driven and Distressed Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 4.9%
Consumer, Cyclical - 0.9%
General Motors Co.		245	$	6,934
Yum! Brands, Inc.		65		5,391
Dollar Tree, Inc.^*		37		3,487
Hilton Worldwide Holdings, Inc.		154		3,470
L Brands, Inc.		45		3,022
American Airlines Group, Inc.		92		2,604
Royal Caribbean Cruises Ltd.		33		2,216
United Continental Holdings, Inc.^*		53		2,175
MGM Resorts International^*		88		1,992
Liberty Interactive Corporation QVC Group — Class A^*		77		1,953
DR Horton, Inc.		59		1,858
Best Buy Company, Inc.		51		1,561
LKQ Corp.^*		48		1,523
Lennar Corp. — Class A		33		1,521
Hanesbrands, Inc.		60		1,508
Wynn Resorts Ltd.		16		1,450
Norwegian Cruise Line Holdings Ltd.^*		36		1,434
Fiat Chrysler Automobiles N.V.		207		1,267
Rite Aid Corp.^*		168		1,258
PVH Corp.		13		1,225
Lear Corp.		12		1,221
Foot Locker, Inc.		22		1,207
HD Supply Holdings, Inc.^*		32		1,114
Gaming and Leisure Properties, Inc.		32		1,103
Goodyear Tire & Rubber Co.		42		1,078
PulteGroup, Inc.		55		1,072
Michaels Companies, Inc.^*		33		939
Six Flags Entertainment Corp.		15		870
Carter's, Inc.		8		852
Toll Brothers, Inc.^*		26		699
Scotts Miracle-Gro Co. — Class A		10		699
CalAtlantic Group, Inc.		19		696
Sally Beauty Holdings, Inc.^*		23		676
Cinemark Holdings, Inc.		18		657
Brunswick Corp.		14		634
International Game Technology plc		32		600
DreamWorks Animation SKG, Inc. — Class A^*		14		572
Tempur Sealy International, Inc.^*		10		553
Regal Entertainment Group — Class A		24		529
Cedar Fair, LP		9		520
CST Brands, Inc.		12		517
Extended Stay America, Inc.		32		478
Vista Outdoor, Inc.^*		10		477
Lions Gate Entertainment Corp.		23		465
Beacon Roofing Supply, Inc.^*		10		455
Allegiant Travel Co. — Class A		3		455
Choice Hotels International, Inc.		9		429
GameStop Corp. — Class A		16		425
Tenneco, Inc.^*		9		419
J.C. Penney Company, Inc.^*		47		417
AMC Entertainment Holdings, Inc. — Class A		15		414
Wendy's Co.		43		414
Penske Automotive Group, Inc.		13		409
Churchill Downs, Inc.		3		379
WESCO International, Inc.^*		7		360
Boyd Gaming Corp.^*		18		331
Interval Leisure Group, Inc.		20		318
Wolverine World Wide, Inc.		15		305
TRI Pointe Group, Inc.^*		25		296
Office Depot, Inc.^*		86		285
Taylor Morrison Home Corp. — Class A^*		19		282
Ferrellgas Partners, LP		15		277
Cooper Tire & Rubber Co.		9		268
Anixter International, Inc.^*		5		266
Party City Holdco, Inc.^*		19		264
Dana Holding Corp.		23		243
Mobile Mini, Inc.		7		242
Meritage Homes Corp.^*		6		225
Sears Holdings Corp.^*		16		218
First Cash Financial Services, Inc.		4		205
KB Home		13		198
Group 1 Automotive, Inc.		4		197
MDC Holdings, Inc.		8		195
Penn National Gaming, Inc.^*		13		181
American Axle & Manufacturing Holdings, Inc.^*		12		174
Caleres, Inc.		7		169
Asbury Automotive Group, Inc.^*		3		158
National CineMedia, Inc.		10		155
Navistar International Corp.^*		13		152
Metaldyne Performance Group, Inc.		11		151
Outerwall, Inc.		3		126
Eldorado Resorts, Inc.^*		8		122
Carmike Cinemas, Inc.^*		4		120
Sonic Automotive, Inc. — Class A		7		120
Scientific Games Corp. — Class A^*		13		119
H&E Equipment Services, Inc.		6		114
Isle of Capri Casinos, Inc.^*		6		110
Meritor, Inc.^*		14		101
William Lyon Homes — Class A^*		5		81
M/I Homes, Inc.^*		4		75
Carrols Restaurant Group, Inc.^*		6		71
WCI Communities, Inc.^*		4		68
Titan International, Inc.		9		56
Perry Ellis International, Inc.^*		2		40
Beazer Homes USA, Inc.^*		5		39
Hovnanian Enterprises, Inc. — Class A^*		23		39
Conn's, Inc.^*		5		38
Ruby Tuesday, Inc.^*		10		36
Total Consumer, Cyclical				77,883

Event Driven and Distressed Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 4.9% (continued)
Consumer, Non-cyclical - 0.9%
Constellation Brands, Inc. — Class A		32	$	5,293
HCA Holdings, Inc.^*		63		4,851
Fresenius Medical Care AG & Company KGaA ADR		98		4,269
ConAgra Foods, Inc.		70		3,347
Nielsen Holdings plc		58		3,014
DaVita HealthCare Partners, Inc.^*		33		2,551
Grifols S.A. ADR		134		2,234
Universal Health Services, Inc. — Class B		16		2,145
Centene Corp.^*		27		1,927
Hologic, Inc.^*		44		1,522
WhiteWave Foods Co. — Class A^*		28		1,315
Teleflex, Inc.		7		1,240
Quintiles Transnational Holdings, Inc.^*		19		1,241
Sabre Corp.		45		1,205
Valeant Pharmaceuticals International, Inc.^*		56		1,128
MEDNAX, Inc.^*		15		1,086
Spectrum Brands Holdings, Inc.		9		1,074
Pilgrim's Pride Corp.		41		1,045
Mallinckrodt plc^*		17		1,033
United Rentals, Inc.^*		14		940
TreeHouse Foods, Inc.^*		9		924
Post Holdings, Inc.^*		11		910
ServiceMaster Global Holdings, Inc.^*		22		876
Service Corporation International		31		839
Pinnacle Foods, Inc.		18		833
Acadia Healthcare Company, Inc.^*		14		776
Edgewell Personal Care Co.^*		9		760
Live Nation Entertainment, Inc.^*		32		752
WellCare Health Plans, Inc.^*		7		751
Herc Holdings, Inc.^*		64		709
Amsurg Corp. — Class A^*		9		698
Alere, Inc.^*		14		584
Endo International plc^*		36		561
RR Donnelley & Sons Co.		33		559
HealthSouth Corp.		14		543
WEX, Inc.^*		6		532
Deluxe Corp.		8		531
Hill-Rom Holdings, Inc.		10		505
Graham Holdings Co. — Class B		1		490
Team Health Holdings, Inc.^*		12		488
Avis Budget Group, Inc.^*		15		483
B&G Foods, Inc.		10		482
Cimpress N.V.^*		5		462
LifePoint Health, Inc.^*		7		458
Molina Healthcare, Inc.^*		9		449
Vector Group Ltd.		20		448
Prestige Brands Holdings, Inc.^*		8		443
Tenet Healthcare Corp.^*		16		442
Horizon Pharma plc^*		26		428
Darling Ingredients, Inc.^*		26		387
Owens & Minor, Inc.		10		374
CEB, Inc.		5		308
Surgical Care Affiliates, Inc.^*		6		286
FTI Consulting, Inc.^*		7		285
Cardtronics, Inc.^*		7		279
Dean Foods Co.		15		271
Cott Corp.		19		265
Avon Products, Inc.		69		261
Revlon, Inc. — Class A^*		8		257
Sotheby's		9		247
ExamWorks Group, Inc.^*		7		244
Select Medical Holdings Corp.^*		21		228
Community Health Systems, Inc.^*		18		217
SUPERVALU, Inc.^*		41		193
Quad/Graphics, Inc.		8		186
Central Garden & Pet Co.^*		8		183
ACCO Brands Corp.^*		17		176
Concordia International Corp.		8		172
Greatbatch, Inc.^*		5		155
StoneMor Partners, LP		6		150
Kindred Healthcare, Inc.		13		147
AMAG Pharmaceuticals, Inc.^*		5		120
Ingles Markets, Inc. — Class A		3		112
Rent-A-Center, Inc.		8		98
BioScrip, Inc.^*		10		26
Everi Holdings, Inc.^*		11		13
Total Consumer, Non-cyclical				65,816
Communications - 0.8%
Charter Communications, Inc. — Class A^*		43		9,831
Netflix, Inc.^*		68		6,221
T-Mobile US, Inc.^*		133		5,755
Nokia Oyj ADR		923		5,252
DISH Network Corp. — Class A^*		74		3,877
Sirius XM Holdings, Inc.^*		791		3,124
Level 3 Communications, Inc.^*		57		2,935
Sprint Corp.^*		616		2,790
Expedia, Inc.		24		2,551
CenturyLink, Inc.		85		2,466
VeriSign, Inc.^*		17		1,470
Zayo Group Holdings, Inc.^*		39		1,089
CDW Corp.		26		1,042
CommScope Holding Company, Inc.^*		30		931
Frontier Communications Corp.		186		919
IAC/InterActiveCorp		13		732
AMC Networks, Inc. — Class A^*		12		725
Match Group, Inc.^*		41		618
EchoStar Corp. — Class A^*		15		596
ViaSat, Inc.^*		8		571
United States Cellular Corp.^*		14		550
Tribune Media Co. — Class A		14		549
Starz — Class A^*		16		479
Sinclair Broadcast Group, Inc. — Class A		15		448
Media General, Inc.^*		20		344
Cogent Communications Holdings, Inc.		7		280
Gannett Company, Inc.		19		262

Event Driven and Distressed Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 4.9% (continued)
Communications - 0.8% (continued)
West Corp.		13	$	255
Nexstar Broadcasting Group, Inc. — Class A		5		238
Plantronics, Inc.		5		220
Consolidated Communications Holdings, Inc.		8		218
DigitalGlobe, Inc.^*		10		214
NeuStar, Inc. — Class A^*		9		212
Cincinnati Bell, Inc.^*		33		151
MDC Partners, Inc. — Class A		8		146
Windstream Holdings, Inc.		15		139
Gray Television, Inc.^*		11		119
EarthLink Holdings Corp.		17		109
Bankrate, Inc.^*		14		105
General Communication, Inc. — Class A^*		6		95
Total Communications				58,628
Energy - 0.7%
Petroleo Brasileiro S.A. ADR^*		920		6,587
Continental Resources, Inc.^*		60		2,715
Williams Companies, Inc.		117		2,530
Concho Resources, Inc.^*		21		2,505
Energy Transfer Equity, LP		167		2,400
Cenovus Energy, Inc.		136		1,880
Cheniere Energy Partners, LP		54		1,619
ONEOK, Inc.		34		1,613
Tesoro Corp.		19		1,424
Newfield Exploration Co.^*		32		1,414
Antero Resources Corp.^*		48		1,247
Range Resources Corp.		27		1,165
Diamondback Energy, Inc.^*		12		1,095
Equities Midstream Partners, LP		12		964
Murphy Oil Corp.		28		889
Weatherford International plc^*		148		821
Tesoro Logistics, LP		16		792
Southwestern Energy Co.^*		62		780
Energen Corp.		16		771
Transocean Ltd.		60		714
Boardwalk Pipeline Partners, LP		39		681
Genesis Energy, LP		17		652
Gulfport Energy Corp.^*		20		625
DCP Midstream Partners, LP		18		621
QEP Resources, Inc.		34		599
NuStar Energy, LP		12		598
CONSOL Energy, Inc.		36		578
RSP Permian, Inc.^*		16		558
Rice Energy, Inc.^*		25		551
Sunoco, LP		18		538
Diamond Offshore Drilling, Inc.		22		535
Memorial Resource Development Corp.^*		33		524
WPX Energy, Inc.^*		54		503
Ensco plc — Class A		49		476
Chesapeake Energy Corp.^*		109		467
Murphy USA, Inc.^*		6		445
PDC Energy, Inc.^*		7		403
Western Refining, Inc.		18		381
PBF Energy, Inc. — Class A		16		380
Laredo Petroleum, Inc.^*		35		367
Whiting Petroleum Corp.^*		39		361
Rowan Companies plc — Class A		20		353
Suburban Propane Partners, LP		10		334
NGL Energy Partners, LP		17		328
Carrizo Oil & Gas, Inc.^*		9		323
Holly Energy Partners, LP		9		312
Matador Resources Co.^*		15		297
SM Energy Co.		11		297
Oasis Petroleum, Inc.^*		29		271
Forum Energy Technologies, Inc.^*		15		260
Precision Drilling Corp.		46		244
TerraForm Power, Inc. — Class A^*		22		239
Summit Midstream Partners, LP		10		229
SemGroup Corp. — Class A		7		228
Crestwood Equity Partners, LP		11		222
CVR Energy, Inc.		14		217
Western Refining Logistics, LP		8		210
Baytex Energy Corp.		34		197
Denbury Resources, Inc.		53		190
McDermott International, Inc.^*		38		188
SEACOR Holdings, Inc.^*		3		174
Rose Rock Midstream, LP		6		158
PBF Logistics, LP		6		138
Atwood Oceanics, Inc.		10		125
Unit Corp.^*		8		124
Archrock Partners, LP		9		122
Eclipse Resources Corp.^*		36		120
TerraForm Global, Inc. — Class A		29		95
SunCoke Energy Partners, LP		7		76
Sanchez Energy Corp.^*		10		71
Bristow Group, Inc.		6		68
Calumet Specialty Products Partners, LP		12		59
Clayton Williams Energy, Inc.^*		2		55
Bill Barrett Corp.^*		8		51
Northern Oil and Gas, Inc.^*		10		46
Ocean Rig UDW, Inc.^*		13		32
Westmoreland Coal Co.^*		3		29
Era Group, Inc.^*		3		28
Memorial Production Partners, LP		13		25
Cloud Peak Energy, Inc.^*		10		21
EV Energy Partners, LP		8		18
Legacy Reserves, LP		11		18
Approach Resources, Inc.^*		7		15
Gulfmark Offshore, Inc. — Class A^*		4		13
Basic Energy Services, Inc.^*		7		12
Total Energy				51,400
Financial - 0.5%
Royal Bank of Scotland Group plc ADR^*		920		4,324
Equinix, Inc.		11		4,266
Discover Financial Services		66		3,537
Iron Mountain, Inc.		41		1,633
Ally Financial, Inc.^*		76		1,298

Event Driven and Distressed Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 4.9% (continued)
Financial - 0.5% (continued)
Unum Group		38	$	1,208
Icahn Enterprises, LP		22		1,188
AerCap Holdings N.V.^*		31		1,041
CIT Group, Inc.		32		1,021
Lamar Advertising Co. — Class A		15		995
CyrusOne, Inc.		13		723
Communications Sales & Leasing, Inc.		24		694
Howard Hughes Corp.^*		6		686
Realogy Holdings Corp.^*		23		668
Corrections Corporation of America		19		665
Navient Corp.		52		622
Hanover Insurance Group, Inc.		7		592
Synovus Financial Corp.		20		580
Medical Properties Trust, Inc.		38		578
DuPont Fabros Technology, Inc.		12		570
Credit Acceptance Corp.^*		3		555
First Niagara Financial Group, Inc.		57		555
American Capital Ltd.^*		35		554
CoreLogic, Inc.^*		14		538
Outfront Media, Inc.		22		532
BankUnited, Inc.		17		522
CNO Financial Group, Inc.		29		506
First Horizon National Corp.		36		496
Popular, Inc.		16		469
GEO Group, Inc.		12		410
Ryman Hospitality Properties, Inc.		8		405
QTS Realty Trust, Inc. — Class A		7		392
BGC Partners, Inc. — Class A		44		383
Radian Group, Inc.		35		365
Kennedy-Wilson Holdings, Inc.		18		341
Potlatch Corp.		7		239
Aircastle Ltd.		12		235
Sabra Health Care REIT, Inc.		11		227
Ladder Capital Corp. — Class A		17		207
Genworth Financial, Inc. — Class A^*		78		201
KCG Holdings, Inc. — Class A^*		14		186
Nationstar Mortgage Holdings, Inc.^*		16		180
FelCor Lodging Trust, Inc.		22		137
PHH Corp.^*		9		120
iStar, Inc.^*		12		115
Forestar Group, Inc.^*		7		83
Fly Leasing Ltd. ADR		5		50
Enova International, Inc.^*		5		37
Ocwen Financial Corp.^*		19		32
Walter Investment Management Corp.^*		6		17
Total Financial				35,978
Industrial - 0.4%
SBA Communications Corp. — Class A^*		20		2,159
TransDigm Group, Inc.^*		8		2,109
Martin Marietta Materials, Inc.		10		1,920
Ball Corp.		23		1,664
Masco Corp.		53		1,640
Sealed Air Corp.		31		1,426
Huntington Ingalls Industries, Inc.		7		1,176
Crown Holdings, Inc.^*		22		1,115
Allegion plc		15		1,041
Flextronics International Ltd.^*		86		1,014
Owens Corning		19		980
Sensata Technologies Holding N.V.^*		27		942
Orbital ATK, Inc.		9		766
AECOM^*		24		762
Berry Plastics Group, Inc.^*		19		738
USG Corp.^*		24		647
Graphic Packaging Holding Co.		51		640
Jabil Circuit, Inc.		31		573
Oshkosh Corp.		12		573
Energizer Holdings, Inc.		10		515
Silgan Holdings, Inc.		10		515
Clean Harbors, Inc.^*		9		469
Owens-Illinois, Inc.^*		26		468
XPO Logistics, Inc.^*		17		446
Trinity Industries, Inc.		24		447
Belden, Inc.		7		422
EnerSys		7		416
Zebra Technologies Corp. — Class A^*		8		401
Louisiana-Pacific Corp.^*		23		399
Summit Materials, Inc. — Class A^*		18		368
Covanta Holding Corp.		21		345
Terex Corp.		17		345
Trinseo S.A.		8		343
Joy Global, Inc.		16		338
Greif, Inc. — Class A		9		335
Masonite International Corp.^*		5		331
Moog, Inc. — Class A^*		6		324
Sanmina Corp.^*		12		322
Hillenbrand, Inc.		10		300
MasTec, Inc.^*		13		290
Triumph Group, Inc.		8		284
Headwaters, Inc.^*		12		215
Actuant Corp. — Class A		9		203
Builders FirstSource, Inc.^*		18		203
NCI Building Systems, Inc.^*		12		192
Multi-Color Corp.		3		190
Tutor Perini Corp.^*		8		188
Aerojet Rocketdyne Holdings, Inc.^*		10		183
Nortek, Inc.^*		3		178
Ply Gem Holdings, Inc.^*		11		160
Gibraltar Industries, Inc.^*		5		158
Briggs & Stratton Corp.		7		148
Boise Cascade Co.^*		6		138
EnPro Industries, Inc.		3		133
Manitowoc Company, Inc.		22		120
Griffon Corp.		7		118
Martin Midstream Partners, LP		5		115
SPX Corp.^*		7		104
General Cable Corp.		8		102
Harsco Corp.		13		86

Event Driven and Distressed Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 4.9% (continued)
Industrial - 0.4% (continued)
Teekay Corp.		12	$	86
AEP Industries, Inc.		1		80
Park-Ohio Holdings Corp.		2		57
NN, Inc.		4		56
Hornbeck Offshore Services, Inc.^*		6		50
LSB Industries, Inc.^*		4		48
Kratos Defense & Security Solutions, Inc.^*		9		37
Total Industrial				33,656
Technology - 0.3%
Activision Blizzard, Inc.		118		4,675
NXP Semiconductor N.V.^*		56		4,387
Micron Technology, Inc.^*		164		2,257
Western Digital Corp.		45		2,127
First Data Corp. — Class A^*		144		1,594
IHS, Inc. — Class A^*		11		1,272
MSCI, Inc. — Class A		15		1,157
Open Text Corp.		19		1,124
Qorvo, Inc.^*		20		1,105
SS&C Technologies Holdings, Inc.		32		899
Nuance Communications, Inc.^*		44		688
Brocade Communications Systems, Inc.		74		679
Microsemi Corp.^*		18		588
Leidos Holdings, Inc.		12		574
NCR Corp.^*		20		556
j2 Global, Inc.		8		505
Rackspace Hosting, Inc.^*		20		417
ACI Worldwide, Inc.^*		19		371
Entegris, Inc.^*		22		319
Diebold, Inc.		11		273
Amkor Technology, Inc.^*		38		219
Unisys Corp.^*		8		58
Magnachip Semiconductor Corp.^*		5		28
Total Technology				25,872
Basic Materials - 0.3%
ArcelorMittal^*		477		2,222
Freeport-McMoRan, Inc.		185		2,061
Alcoa, Inc.		202		1,873
Celanese Corp. — Class A		23		1,505
Teck Resources Ltd. — Class B		88		1,159
Ashland, Inc.		10		1,147
Kinross Gold Corp.^*		194		948
Steel Dynamics, Inc.		38		931
WR Grace & Co.		11		805
Olin Corp.		26		646
Huntsman Corp.		38		511
Eldorado Gold Corp.		110		495
PolyOne Corp.		13		458
Univar, Inc.^*		22		416
Methanex Corp.		14		407
Compass Minerals International, Inc.		5		371
Axiall Corp.		11		359
New Gold, Inc.^*		78		342
Platform Specialty Products Corp.^*		36		320
Commercial Metals Co.		18		304
Hecla Mining Co.		58		296
Kaiser Aluminum Corp.		3		271
Chemtura Corp.^*		10		264
Coeur Mining, Inc.^*		24		256
IAMGOLD Corp.^*		61		253
Chemours Co.		28		231
Neenah Paper, Inc.		3		217
Allegheny Technologies, Inc.		17		217
Clearwater Paper Corp.^*		3		196
AK Steel Holding Corp.^*		35		163
Cliffs Natural Resources, Inc.^*		28		159
PH Glatfelter Co.		7		137
A. Schulman, Inc.		5		122
Koppers Holdings, Inc.^*		3		92
Ryerson Holding Corp.^*		5		88
Tronox Ltd. — Class A		19		84
Century Aluminum Co.^*		13		82
Mercer International, Inc.		10		80
Constellium N.V. — Class A^*		16		75
Resolute Forest Products, Inc.^*		14		74
Total Basic Materials				20,637
Utilities - 0.1%
FirstEnergy Corp.		68		2,373
AES Corp.		106		1,323
Calpine Corp.^*		59		870
NRG Energy, Inc.		51		764
AmeriGas Partners, LP		15		701
NRG Yield, Inc. — Class A		30		457
NRG Yield, Inc. — Class C		29		452
Dynegy, Inc.^*		20		345
Talen Energy Corp.^*		20		271
Global Partners, LP		5		69
Total Utilities				7,625
Diversified - 0.0%
Leucadia National Corp.		57		988
HRG Group, Inc.^*		32		439
Total Diversified				1,427
Total Common Stocks
(Cost $316,044)				378,922

EXCHANGE-TRADED FUNDS^† - 0.8%
iShares iBoxx $ High Yield Corporate Bond ETF		700		59,283
Total Exchange-Traded Funds
(Cost $60,823)				59,283

MUTUAL FUNDS^† - 69.2%
Guggenheim Strategy Fund II¹		107,389		2,664,315
Guggenheim Strategy Fund I¹		106,423		2,650,993
Total Mutual Funds
(Cost $5,322,762)				5,315,308

Event Driven and Distressed Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Face Amount		Value
REPURCHASE AGREEMENTS^††,2 - 21.2%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	878,795	$	878,795
Royal Bank of Canada issued 06/30/16 at 0.33% due 07/01/16		747,125		747,125
Total Repurchase Agreements
(Cost $1,625,920)				1,625,920
Total Investments - 96.1%
(Cost $7,325,549)			$	7,379,433
Other Assets & Liabilities, net - 3.9%				299,969
Total Net Assets - 100.0%			$	7,679,402

	Contracts		Unrealized Gain (Loss)
INTEREST RATE FUTURES CONTRACTS PURCHASED^†
September 2016 U.S. Treasury 5 Year Note Futures Contracts (Aggregate Value of Contracts $3,298,430)		27	$	58,900

EQUITY FUTURES CONTRACTS PURCHASED^†
September 2016 Russell 2000 Index Mini Futures Contracts (Aggregate Value of Contracts $573,900)		5	$	(13,334	)

CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS PROTECTION SOLD^††
Index	Counterparty	Exchange	Protection Premium Rate			Maturity Date	Notional Principal		Notional Value			Upfront Premiums Paid		Unrealized Appreciation
CDX.NA.HY.26 Index	Goldman Sachs International	ICE		5.00	%	06/20/21	$	2,000,000	$	(2,064,000	)	$	21,015	$	42,985
CDX.NA.HY.26 Index	Barclays Bank plc	ICE		5.00	%	06/20/21		2,100,000		(2,167,200	)		40,814		26,386
												$	61,829	$	69,371

^*	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	Affiliated issuer — See Note 5.
²	Repurchase Agreements — See Note 4.
	ADR — American Depositary Receipt plc — Public Limited Company REIT — Real Estate Investment Trust ICE ─ Intercontinental Exchange CDX.NA.HY.26 Index ─ Credit Default Swap High Yield Series 26 Index

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 1 - Other*		Level 2		Level 2 - Other*		Level 3		Total
Common Stocks	$	378,922	$	—	$	—	$	—	$	—	$	378,922
Credit Default Swap Agreements		—		—		—		69,371		—		69,371
Exchange-Traded Funds		59,283		—		—		—		—		59,283
Interest Rate Futures Contracts		—		58,900		—		—		—		58,900
Mutual Funds		5,315,308		—		—		—		—		5,315,308
Repurchase Agreements		—		—		1,625,920		—		—		1,625,920
Total	$	5,753,513	$	58,900	$	1,625,920	$	69,371	$	—	$	7,507,704

Investments in Securities (Liabilities)	Level 1		Level 1 - Other*		Level 2		Level 2 - Other*		Level 3		Total
Equity Futures Contracts	$	—	$	13,334	$	—	$	—	$	—	$	13,334

* Other financial instruments include futures contracts and/or swaps, which are reported as unrealized gain/loss at period end.

For the period ended June 30, 2016, there were no transfers between levels.

Financial Services Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 99.5%
REITs - 33.9%
Simon Property Group, Inc.		1,209	$	262,231
Public Storage		836		213,674
American Tower Corp. — Class A		1,853		210,518
Crown Castle International Corp.		1,747		177,198
Equinix, Inc.		425		164,785
Welltower, Inc.		2,131		162,318
AvalonBay Communities, Inc.		879		158,563
Ventas, Inc.		2,140		155,835
Equity Residential		2,250		154,980
General Growth Properties, Inc.		5,177		154,378
Prologis, Inc.		3,141		154,035
Boston Properties, Inc.		1,112		146,673
Weyerhaeuser Co.		4,873		145,069
Vornado Realty Trust		1,385		138,666
Digital Realty Trust, Inc.		1,250		136,238
Realty Income Corp.		1,831		126,999
Essex Property Trust, Inc.		544		124,081
HCP, Inc.		3,399		120,257
Macerich Co.		1,358		115,960
Extra Space Storage, Inc.		1,199		110,956
Kimco Realty Corp.		3,520		110,458
SL Green Realty Corp.		1,033		109,984
Federal Realty Investment Trust		662		109,594
Host Hotels & Resorts, Inc.		6,261		101,491
Iron Mountain, Inc.		2,546		101,407
UDR, Inc.		2,671		98,613
Regency Centers Corp.		1,107		92,689
Duke Realty Corp.		3,395		90,511
Mid-America Apartment Communities, Inc.		847		90,121
Annaly Capital Management, Inc.		8,101		89,678
National Retail Properties, Inc.		1,731		89,527
Alexandria Real Estate Equities, Inc.		860		89,027
Camden Property Trust		1,006		88,951
Brixmor Property Group, Inc.		3,307		87,503
WP Carey, Inc.		1,239		86,011
American Campus Communities, Inc.		1,626		85,967
Equity LifeStyle Properties, Inc.		1,059		84,773
VEREIT, Inc.		8,343		84,598
Lamar Advertising Co. — Class A		1,246		82,610
Kilroy Realty Corp.		1,209		80,145
Omega Healthcare Investors, Inc.		2,339		79,409
Apartment Investment & Management Co. — Class A		1,778		78,516
DDR Corp.		4,250		77,095
American Capital Agency Corp.		3,867		76,644
Forest City Realty Trust, Inc. — Class A		3,355		74,850
Spirit Realty Capital, Inc.		5,843		74,615
Highwoods Properties, Inc.		1,412		74,554
EPR Properties		917		73,984
Weingarten Realty Investors		1,800		73,476
CubeSmart		2,357		72,784
Douglas Emmett, Inc.		2,047		72,709
Liberty Property Trust		1,811		71,933
Sun Communities, Inc.		935		71,658
Sovran Self Storage, Inc.		669		70,191
CyrusOne, Inc.		1,241		69,074
Taubman Centers, Inc.		923		68,487
Equity One, Inc.		2,124		68,350
Starwood Property Trust, Inc.		3,292		68,210
DCT Industrial Trust, Inc.		1,408		67,640
Senior Housing Properties Trust		3,231		67,302
STORE Capital Corp.		2,274		66,969
Hospitality Properties Trust		2,306		66,413
Healthcare Trust of America, Inc. — Class A		2,030		65,650
Tanger Factory Outlet Centers, Inc.		1,589		63,846
Healthcare Realty Trust, Inc.		1,757		61,477
Corrections Corporation of America		1,732		60,655
DuPont Fabros Technology, Inc.		1,251		59,473
Equity Commonwealth^*		2,034		59,250
Post Properties, Inc.		945		57,692
Medical Properties Trust, Inc.		3,776		57,433
Rayonier, Inc.		2,173		57,020
Education Realty Trust, Inc.		1,221		56,337
First Industrial Realty Trust, Inc.		2,024		56,308
Brandywine Realty Trust		3,273		54,986
New Residential Investment Corp. REIT		3,898		53,948
Physicians Realty Trust		2,504		52,609
Corporate Office Properties Trust		1,727		51,067
Two Harbors Investment Corp.		5,912		50,607
LaSalle Hotel Properties		2,117		49,919
RLJ Lodging Trust		2,325		49,871
Mack-Cali Realty Corp.		1,818		49,086
Sunstone Hotel Investors, Inc.		4,019		48,509
WP GLIMCHER, Inc.		3,920		43,865
Pebblebrook Hotel Trust		1,645		43,181
NorthStar Realty Finance Corp.		3,699		42,280
DiamondRock Hospitality Co.		4,252		38,396
Total REITs				7,855,400
Banks - 25.6%
JPMorgan Chase & Co.		7,244		450,141
Wells Fargo & Co.		9,219		436,336
Citigroup, Inc.		7,353		311,694
Goldman Sachs Group, Inc.		1,735		257,786
U.S. Bancorp		6,121		246,860
Bank of America Corp.		15,202		201,731
Morgan Stanley		7,764		201,709
PNC Financial Services Group, Inc.		2,416		196,638
Bank of New York Mellon Corp.		4,898		190,287
Capital One Financial Corp.		2,855		181,321
BB&T Corp.		4,493		159,996
State Street Corp.		2,598		140,084
M&T Bank Corp.		1,180		139,511
SunTrust Banks, Inc.		3,323		136,509
Northern Trust Corp.		1,829		121,190
Credicorp Ltd.		719		110,962

Financial Services Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 99.5% (continued)
Banks - 25.6% (continued)
Fifth Third Bancorp		6,218	$	109,375
Royal Bank of Canada		1,848		109,198
Toronto-Dominion Bank		2,483		106,595
HSBC Holdings plc ADR		3,385		105,984
HDFC Bank Ltd. ADR		1,579		104,767
First Republic Bank		1,487		104,075
Bank of Montreal		1,610		102,058
Bank of Nova Scotia		1,971		96,599
Citizens Financial Group, Inc.		4,827		96,443
Regions Financial Corp.		10,595		90,163
Deutsche Bank AG^*		6,498		89,218
Itau Unibanco Holding S.A. ADR		9,014		85,092
KeyCorp		7,642		84,444
Signature Bank^*		663		82,822
Comerica, Inc.		1,926		79,216
Huntington Bancshares, Inc.		8,343		74,586
Banco Bradesco S.A. ADR		9,402		73,430
PacWest Bancorp		1,792		71,286
SVB Financial Group^*		744		70,799
Zions Bancorporation		2,762		69,409
ICICI Bank Ltd. ADR		9,559		68,634
East West Bancorp, Inc.		1,990		68,018
Cullen/Frost Bankers, Inc.		1,019		64,941
PrivateBancorp, Inc. — Class A		1,458		64,196
Prosperity Bancshares, Inc.		1,211		61,749
Synovus Financial Corp.		2,047		59,343
Bank of the Ozarks, Inc.		1,579		59,244
Webster Financial Corp.		1,624		55,135
Umpqua Holdings Corp.		3,547		54,872
First Horizon National Corp.		3,913		53,921
Texas Capital Bancshares, Inc.^*		1,019		47,648
Total Banks				5,946,015
Insurance – 21.9%
Berkshire Hathaway, Inc. — Class B^*		3,907		565,695
American International Group, Inc.		4,306		227,744
Chubb Ltd.		1,565		204,561
MetLife, Inc.		4,818		191,901
Travelers Companies, Inc.		1,612		191,893
Marsh & McLennan Companies, Inc.		2,750		188,264
Prudential Financial, Inc.		2,458		175,354
Aflac, Inc.		2,393		172,679
Allstate Corp.		2,323		162,494
Aon plc		1,411		154,124
Progressive Corp.		4,030		135,005
Hartford Financial Services Group, Inc.		2,928		129,945
XL Group plc — Class A		3,854		128,377
Everest Re Group Ltd.		684		124,946
Willis Towers Watson plc		993		123,440
Markel Corp.^*		125		119,098
Loews Corp.		2,847		116,983
Cincinnati Financial Corp.		1,537		115,106
RenaissanceRe Holdings Ltd.		935		109,806
Arch Capital Group Ltd.^*		1,511		108,792
Principal Financial Group, Inc.		2,559		105,200
Axis Capital Holdings Ltd.		1,880		103,400
Endurance Specialty Holdings Ltd.		1,478		99,262
Alleghany Corp.^*		175		96,177
Assured Guaranty Ltd.		3,649		92,575
Lincoln National Corp.		2,364		91,652
Manulife Financial Corp.		6,577		89,908
WR Berkley Corp.		1,482		88,801
Torchmark Corp.		1,416		87,537
Arthur J Gallagher & Co.		1,832		87,203
Unum Group		2,620		83,290
American Financial Group, Inc.		1,108		81,914
Reinsurance Group of America, Inc. — Class A		832		80,696
Assurant, Inc.		852		73,536
Brown & Brown, Inc.		1,944		72,842
Old Republic International Corp.		3,557		68,615
First American Financial Corp.		1,669		67,127
Voya Financial, Inc.		2,664		65,961
Radian Group, Inc.		4,404		45,890
MGIC Investment Corp.^*		6,823		40,597
Genworth Financial, Inc. — Class A^*		7,528		19,422
Total Insurance				5,087,812
Diversified Financial Services - 12.3%
BlackRock, Inc. — Class A		706		241,825
American Express Co.		3,707		225,238
Intercontinental Exchange, Inc.		686		175,588
CME Group, Inc. — Class A		1,749		170,353
Charles Schwab Corp.		6,353		160,794
Discover Financial Services		2,811		150,641
Synchrony Financial^*		5,761		145,638
Franklin Resources, Inc.		3,952		131,878
T. Rowe Price Group, Inc.		1,733		126,457
Ameriprise Financial, Inc.		1,335		119,950
TD Ameritrade Holding Corp.		3,973		113,131
Nasdaq, Inc.		1,605		103,795
Invesco Ltd.		3,675		93,860
Ally Financial, Inc.^*		5,191		88,610
SEI Investments Co.		1,833		88,186
Affiliated Managers Group, Inc.^*		619		87,137
Raymond James Financial, Inc.		1,663		81,986
CIT Group, Inc.		2,525		80,573
ETRADE Financial Corp.^		3,179		74,675
CBOE Holdings, Inc.		1,116		74,348
Eaton Vance Corp.		1,805		63,789
Navient Corp.		5,034		60,156
Legg Mason, Inc.		1,870		55,146
Janus Capital Group, Inc.		3,356		46,716
SLM Corp.^*		7,443		45,998
WisdomTree Investments, Inc.		3,380		33,090
LendingClub Corp.^*		4,352		18,714
Total Diversified Financial Services				2,858,272
Commercial Services - 1.8%
S&P Global, Inc.		1,571		168,506
Moody's Corp.		1,427		133,724
MarketAxess Holdings, Inc.		513		74,590
LendingTree, Inc.^*		424		37,452

Financial Services Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 99.5% (continued)
Commercial Services - 1.8% (continued)
Brookfield Business Partners, LP^*		40	$	767
Total Commercial Services				415,039
Real Estate - 1.3%
Brookfield Asset Management, Inc. — Class A		2,963		97,986
CBRE Group, Inc. — Class A^*		3,282		86,908
Realogy Holdings Corp.^*		2,174		63,089
Jones Lang LaSalle, Inc.		643		62,660
Total Real Estate				310,643
Savings & Loans - 1.1%
New York Community Bancorp, Inc.		5,418		81,217
People's United Financial, Inc.		4,279		62,730
First Niagara Financial Group, Inc.		5,652		55,050
Investors Bancorp, Inc.		4,967		55,034
Total Savings & Loans				254,031
Software - 0.4%
MSCI, Inc. — Class A		1,150		88,688
Media - 0.4%
FactSet Research Systems, Inc.		507		81,840
Entertainment - 0.3%
Gaming and Leisure Properties, Inc.		2,344		80,821
Holding Companies-Diversified - 0.3%
Leucadia National Corp.		4,403		76,304
Investment Companies - 0.2%
American Capital Ltd.^*		3,000		47,490
Total Common Stocks
(Cost $18,183,094)				23,102,355

	Face Amount
REPURCHASE AGREEMENTS^††,1 - 0.1%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	32,687		32,687
Total Repurchase Agreements
(Cost $32,687)				32,687
Total Investments - 99.6%
(Cost $18,215,781)			$	23,135,042
Other Assets & Liabilities, net - 0.4%				82,228
Total Net Assets - 100.0%			$	23,217,270

*	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 REIT — Real Estate Investment Trust

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 2		Level 3		Total
Common Stocks	$	23,102,355	$	—	$	—	$	23,102,355
Repurchase Agreements		—		32,687		—		32,687
Total	$	23,102,355	$	32,687	$	—	$	23,135,042

For the period ended June 30, 2016, there were no transfers between levels.

Government Long Bond 1.2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
MUTUAL FUNDS^† - 9.4%
Guggenheim Strategy Fund I¹		298,306	$	7,430,809
Guggenheim Strategy Fund II¹		299,401		7,428,131
Total Mutual Funds
(Cost $14,832,779)				14,858,940

	Face Amount
U.S. GOVERNMENT SECURITIES^†^† - 80.3%
U.S. Treasury Bond
2.50% due 05/15/46	$	121,100,000		126,379,203
Total U.S. Treasury Bond				126,379,203
Total U.S. Government Securities
(Cost $119,351,935)				126,379,203

U.S. TREASURY BILLS^† - 0.3%
U.S. Treasury Bill
0.00% due 07/14/16²		500,000		499,978
Total U.S. Treasury Bills
(Cost $499,961)				499,978

REPURCHASE AGREEMENTS^††,3 - 11.8%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16		10,047,790		10,047,790
Royal Bank of Canada issued 06/30/16 at 0.33% due 07/01/16		8,542,329		8,542,329
Total Repurchase Agreements
(Cost $18,590,119)				18,590,119
Total Investments - 101.8%
(Cost $153,274,794)			$	160,328,240
Other Assets & Liabilities, net - (1.8)%				(2,827,832	)
Total Net Assets - 100.0%			$	157,500,408

	Contracts		Unrealized Gain
INTEREST RATE FUTURES CONTRACTS PURCHASED^†
September 2016 U.S. Treasury Ultra Long Bond Futures Contracts (Aggregate Value of Contracts $72,633,594)		389	$	4,271,955

^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Affiliated issuer — See Note 5.
²	Zero coupon rate security.
³	Repurchase Agreements — See Note 4.

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 1 - Other*		Level 2		Level 3		Total
Interest Rate Futures Contracts	$	—	$	4,271,955	$	—	$	—	$	4,271,955
Mutual Funds		14,858,940		—		—		—		14,858,940
Repurchase Agreements		—		—		18,590,119		—		18,590,119
U.S. Government Securities		—		—		126,379,203		—		126,379,203
U.S. Treasury Bills		—		—		499,978		—		499,978
Total	$	14,858,940	$	4,271,955	$	145,469,300	$	—	$	164,600,195

* Other financial instruments include futures contracts, which are reported as unrealized gain/loss at period end.

For the period ended June 30, 2016, there were no transfers between levels.

Health Care Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 99.5%
Pharmaceuticals - 36.2%
Johnson & Johnson		11,676	$	1,416,299
Pfizer, Inc.		31,887		1,122,741
Merck & Company, Inc.		16,470		948,837
Bristol-Myers Squibb Co.		11,656		857,299
AbbVie, Inc.		12,339		763,907
Allergan plc^*		3,199		739,257
Eli Lilly & Co.		9,245		728,044
Shire plc ADR		3,277		603,292
Express Scripts Holding Co.^*		7,026		532,571
McKesson Corp.		2,777		518,327
Teva Pharmaceutical Industries Ltd. ADR		7,927		398,173
Cardinal Health, Inc.		5,032		392,546
Zoetis, Inc.		7,740		367,340
Mylan N.V.^*		8,062		348,601
AmerisourceBergen Corp. — Class A		4,050		321,246
Novartis AG ADR		3,671		302,894
Jazz Pharmaceuticals plc^*		2,100		296,751
GlaxoSmithKline plc ADR		6,817		295,449
AstraZeneca plc ADR		9,626		290,609
Alkermes plc^*		6,558		283,437
Novo Nordisk A/S ADR		4,890		262,984
Quintiles Transnational Holdings, Inc.^*		3,339		218,103
DexCom, Inc.^*		2,610		207,051
Mallinckrodt plc^*		3,374		205,072
Valeant Pharmaceuticals International, Inc.^*		9,704		195,439
VCA, Inc.^*		2,665		180,181
OPKO Health, Inc.^*		18,537		173,136
Neurocrine Biosciences, Inc.^*		3,390		154,076
Akorn, Inc.^*		4,865		138,580
Prestige Brands Holdings, Inc.^*		2,440		135,176
ACADIA Pharmaceuticals, Inc.^*		4,105		133,248
Catalent, Inc.^*		5,764		132,514
Horizon Pharma plc^*		7,350		121,055
Owens & Minor, Inc.		3,230		120,737
Impax Laboratories, Inc.^*		3,630		104,617
Radius Health, Inc.^*		2,660		97,755
Agios Pharmaceuticals, Inc.^*		2,170		90,912
Pacira Pharmaceuticals, Inc.^*		2,490		83,988
Depomed, Inc.^*		4,240		83,189
Sarepta Therapeutics, Inc.^*		4,160		79,331
Relypsa, Inc.^*		3,790		70,115
Total Pharmaceuticals				14,514,879
Healthcare-Products - 23.4%
Abbott Laboratories		15,175		596,530
Thermo Fisher Scientific, Inc.		3,999		590,892
Medtronic plc		6,627		575,024
Stryker Corp.		4,350		521,260
Becton Dickinson and Co.		2,769		469,595
Boston Scientific Corp.^*		18,636		435,523
Zimmer Biomet Holdings, Inc.		3,221		387,744
Baxter International, Inc.		8,507		384,687
Edwards Lifesciences Corp.^*		3,678		366,807
St. Jude Medical, Inc.		4,638		361,764
Intuitive Surgical, Inc.^*		538		355,839
CR Bard, Inc.		1,478		347,566
Henry Schein, Inc.^*		1,650		291,720
DENTSPLY SIRONA, Inc.		4,674		289,975
STERIS plc		4,080		280,500
LivaNova plc^*		4,971		249,693
Hologic, Inc.^*		6,930		239,778
ResMed, Inc.		3,732		235,974
IDEXX Laboratories, Inc.^*		2,464		228,807
Varian Medical Systems, Inc.^*		2,687		220,952
Cooper Companies, Inc.		1,190		204,168
Align Technology, Inc.^*		2,454		197,670
Teleflex, Inc.		1,080		191,495
West Pharmaceutical Services, Inc.		2,440		185,147
Patterson Companies, Inc.		3,647		174,655
ABIOMED, Inc.^*		1,560		170,492
Bio-Techne Corp.		1,370		154,495
Alere, Inc.^*		3,500		145,880
Bruker Corp.		6,270		142,580
Hill-Rom Holdings, Inc.		2,700		136,215
NuVasive, Inc.^*		2,280		136,162
Cepheid^*		3,687		113,375
Total Healthcare-Products				9,382,964
Biotechnology - 18.2%
Amgen, Inc.		5,340		812,481
Gilead Sciences, Inc.		9,637		803,919
Celgene Corp.^*		6,732		663,977
Biogen, Inc.^*		2,348		567,793
Regeneron Pharmaceuticals, Inc.^*		1,154		403,011
Alexion Pharmaceuticals, Inc.^*		3,324		388,110
Illumina, Inc.^*		2,574		361,338
Vertex Pharmaceuticals, Inc.^*		3,985		342,790
Incyte Corp.^*		3,697		295,686
BioMarin Pharmaceutical, Inc.^*		3,462		269,344
Medivation, Inc.^*		4,016		242,165
Seattle Genetics, Inc.^*		4,577		184,957
Alnylam Pharmaceuticals, Inc.^*		3,055		169,522
United Therapeutics Corp.^*		1,566		165,871
Intercept Pharmaceuticals, Inc.^*		1,100		156,948
Charles River Laboratories International, Inc.^*		1,815		149,629
Juno Therapeutics, Inc.^*		3,700		142,228
Ligand Pharmaceuticals, Inc. — Class B^*		1,090		130,004
Intrexon Corp.^*		5,170		127,234
Kite Pharma, Inc.^*		2,370		118,500
Medicines Co.^*		3,475		116,864
Myriad Genetics, Inc.^*		3,650		111,690
Novavax, Inc.^*		14,815		107,705
Bluebird Bio, Inc.^*		2,350		101,732
Ultragenyx Pharmaceutical, Inc.^*		1,940		94,885
ARIAD Pharmaceuticals, Inc.^*		11,805		87,239
Acorda Therapeutics, Inc.^*		3,320		84,677
AMAG Pharmaceuticals, Inc.^*		2,800		66,976
Total Biotechnology				7,267,275
Healthcare-Services - 15.5%
UnitedHealth Group, Inc.		6,285		887,442
Aetna, Inc.		4,079		498,168

Health Care Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 99.5% (continued)
Healthcare-Services - 15.5% (continued)
Anthem, Inc.		3,444	$	452,335
Cigna Corp.		3,450		441,566
HCA Holdings, Inc.^*		5,424		417,701
Humana, Inc.		2,182		392,498
DaVita HealthCare Partners, Inc.^*		3,981		307,811
Laboratory Corporation of America Holdings^*		2,212		288,157
Centene Corp.^*		3,867		275,988
Universal Health Services, Inc. — Class B		2,056		275,710
Quest Diagnostics, Inc.		3,314		269,793
MEDNAX, Inc.^*		2,836		205,411
Envision Healthcare Holdings, Inc.^*		6,670		169,218
Acadia Healthcare Company, Inc.^*		3,030		167,862
WellCare Health Plans, Inc.^*		1,540		165,211
Amsurg Corp. — Class A^*		2,000		155,080
HealthSouth Corp.		3,710		144,022
Molina Healthcare, Inc.^*		2,576		128,542
Tenet Healthcare Corp.^*		4,640		128,250
LifePoint Health, Inc.^*		1,961		128,191
Brookdale Senior Living, Inc. — Class A^*		8,251		127,395
Community Health Systems, Inc.^*		7,185		86,579
Kindred Healthcare, Inc.		6,686		75,485
Total Healthcare-Services				6,188,415
Software - 3.0%
Cerner Corp.^*		6,066		355,467
IMS Health Holdings, Inc.^*		8,830		223,929
athenahealth, Inc.^*		1,420		195,974
Veeva Systems, Inc. — Class A^*		4,800		163,776
Medidata Solutions, Inc.^*		2,810		131,705
Allscripts Healthcare Solutions, Inc.^*		9,330		118,491
Total Software				1,189,342
Electronics - 2.5%
Agilent Technologies, Inc.		6,433		285,368
Waters Corp.^*		1,857		261,187
Mettler-Toledo International, Inc.^*		700		255,444
PerkinElmer, Inc.		3,592		188,293
Total Electronics				990,292
Commercial Services - 0.7%
PAREXEL International Corp.^*		2,350		147,768
Team Health Holdings, Inc.^*		3,218		130,876
Total Commercial Services				278,644
Total Common Stocks
(Cost $23,696,327)				39,811,811

RIGHTS^††† - 0.0%
Dyax Corp.
Expires 01/25/17		5,700		–
Total Rights
(Cost $–)				–

	Face Amount
REPURCHASE AGREEMENTS^††,1 - 0.3%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	121,090		121,090
Total Repurchase Agreements
(Cost $121,090)				121,090
Total Investments - 99.8%
(Cost $23,817,417)			$	39,932,901
Other Assets & Liabilities, net - 0.2%				65,630
Total Net Assets - 100.0%			$	39,998,531

*	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	Repurchase Agreement — See Note 4.
	ADR — American Depositary Receipt plc — Public Limited Company

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 2		Level 3		Total
Common Stocks	$	39,811,811	$	—	$	—	$	39,811,811
Repurchase Agreements		—		121,090		—		121,090
Rights		—		—		—		—
Total	$	39,811,811	$	121,090	$	—	$	39,932,901

For the period ended June 30, 2016, there were no transfers between levels.

High Yield Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
MUTUAL FUNDS^† - 9.0%
Guggenheim Strategy Fund I¹		482,750	$	12,025,293
Guggenheim Strategy Fund II¹		377,981		9,377,707
Guggenheim Strategy Fund III¹		201,572		4,996,968
Total Mutual Funds
(Cost $26,345,923)				26,399,968

	Face Amount
FEDERAL AGENCY DISCOUNT NOTES^†† - 46.7%
Fannie Mae²
0.16% due 07/05/16	$	80,000,000		79,998,222
0.10% due 07/01/16		2,000,000		2,000,000
Total Fannie Mae				81,998,222
Federal Home Loan Bank³
0.32% due 08/26/16		25,000,000		24,987,244
0.37% due 09/19/16		15,000,000		14,990,670
0.35% due 09/13/16		10,000,000		9,994,240
Total Federal Home Loan Bank				49,972,154
Farmer Mac³
0.26% due 07/05/16		4,400,000		4,399,873
Total Federal Agency Discount Notes
(Cost $136,365,479)				136,370,249

FEDERAL AGENCY NOTES^†† - 30.4%
Federal Farm Credit Bank³
0.52% due 08/12/16⁴		70,300,000		70,306,538
Fannie Mae²
0.73% due 10/03/16⁴		15,500,000		15,512,834
Federal Home Loan Bank³
0.63% due 05/17/18⁴		3,000,000		2,999,439
Total Federal Agency Notes
(Cost $88,828,100)				88,818,811

U.S. Treasury BillS^†† - 4.8%
U.S. Treasury Bill
0.00% due 07/14/16⁵		14,000,000		13,999,370
Total U.S. Treasury Bills
(Cost $13,998,913)				13,999,370

REPURCHASE AGREEMENTS^††,6 - 43.5%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16		62,820,532		62,820,532
Royal Bank of Canada issued 06/30/16 at 0.33% due 07/01/16		53,408,123		53,408,123
UMB Financial Corp. issued 06/30/16 at 0.26% due 07/01/16⁷		11,061,265		11,061,265
Total Repurchase Agreements
(Cost $127,289,920)				127,289,920
Total Investments - 134.4%
(Cost $392,828,335)			$	392,878,318
Other Assets & Liabilities, net - (34.4)%				(100,516,617	)
Total Net Assets - 100.0%			$	292,361,701

	Contracts		Unrealized Gain
INTEREST RATE FUTURES CONTRACTS PURCHASED^†
September 2016 U.S. Treasury 5 Year Note Futures Contracts (Aggregate Value of Contracts $182,757,438)		1,496	$	2,171,657

	Units
OTC EQUITY SWAP AGREEMENTS^††
Goldman Sachs International August 2016 iShares iBoxx High Yield Corporate Bond ETF Swap 0.46%⁸, Terminating 08/01/16 (Notional Value $75,540,516)		891,965	$	2,381,630

CENTRALLY CLEARED CREDIT DEFAULT SWAPS PROTECTION SOLD^††
Index	Counterparty	Exchange	Protection Premium Rate			Maturity Date	Notional Principal		Notional Value			Upfront Premiums Paid		Unrealized Appreciation
CDX.NA.HY.26 Index	Goldman Sachs International	ICE		5.00	%	06/20/21	$	64,800,000	$	(66,873,600	)	$	1,823,020	$	250,580
CDX.NA.HY.26 Index	Barclays Bank plc	ICE		5.00	%	06/20/21	$	147,600,000	$	(152,323,200	)		2,787,197		1,936,003
												$	4,610,217	$	2,186,583

^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Affiliated issuer — See Note 5.
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	Variable rate security. Rate indicated is rate effective at June 30, 2016.
⁵	Zero coupon rate security.
⁶	Repurchase Agreements — See Note 4.

High Yield Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

⁷	All or a portion of this security is pledged as equity swap agreement collateral at June 30, 2016.
⁸	Total Return based on iShares iBoxx High Yield Corporate Bond ETF +/- financing at a variable rate. Rate indicated is rate effective June 30, 2016.
	plc — Public Limited Company CDX.NA.HY.26 Index — Credit Default Swap North American High Yield Series 26 Index ICE — Intercontinental Exchange

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 1 - Other*		Level 2		Level 2 - Other*		Level 3		Total
Credit Default Swap Agreements	$	—	$	—	$	—	$	2,186,583	$	—	$	2,186,583
Equity Swap Agreements		—		—		—		2,381,630		—		2,381,630
Federal Agency Discount Notes		—		—		136,370,249		—		—		136,370,249
Federal Agency Notes		—		—		88,818,811		—		—		88,818,811
Interest Rate Futures Contracts		—		2,171,657		—		—		—		2,171,657
Mutual Funds		26,399,968		—		—		—		—		26,399,968
Repurchase Agreements		—		—		127,289,920		—		—		127,289,920
U.S. Treasury Bills		—		—		13,999,370		—		—		13,999,370
Total	$	26,399,968	$	2,171,657	$	366,478,350	$	4,568,213	$	—	$	399,618,188

* Other financial instruments include futures contracts and credit default swaps, which are reported as unrealized gain/loss at period end.

For the period ended June 30, 2016, there were no transfers between levels.

Internet Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 98.2%
Internet - 51.7%
Alphabet, Inc. — Class A^*		1,399	$	984,239
Amazon.com, Inc.^*		1,170		837,274
Facebook, Inc. — Class A^*		7,158		818,016
Alibaba Group Holding Ltd. ADR^*		4,420		351,523
Priceline Group, Inc.^*		268		334,573
Netflix, Inc.^*		3,026		276,818
Yahoo!, Inc.^*		7,138		268,103
Baidu, Inc. ADR^*		1,461		241,284
eBay, Inc.^*		9,949		232,906
LinkedIn Corp. — Class A^*		1,196		226,343
JD.com, Inc. ADR^*		9,799		208,033
Expedia, Inc.		1,705		181,241
Symantec Corp.		7,632		156,761
Twitter, Inc.^*		9,179		155,217
Ctrip.com International Ltd. ADR^*		3,464		142,717
TripAdvisor, Inc.^*		2,182		140,303
VeriSign, Inc.^*		1,597		138,077
F5 Networks, Inc.^*		1,078		122,720
Zillow Group, Inc. — Class A^*		3,268		119,772
Zillow Group, Inc. — Class C^*		3,285		119,180
Vipshop Holdings Ltd. ADR^*		10,395		116,112
Qihoo 360 Technology Company Ltd. ADR^*		1,542		112,643
Liberty Ventures^*		2,826		104,760
MercadoLibre, Inc.		740		104,096
58.com, Inc. ADR^*		2,223		102,013
SINA Corp.^*		1,913		99,227
GoDaddy, Inc. — Class A^*		3,180		99,184
IAC/InterActiveCorp		1,737		97,793
Yandex N.V. — Class A^*		4,283		93,584
Weibo Corp. ADR^*		3,250		92,333
Bitauto Holdings Ltd. ADR^*		3,277		88,348
SouFun Holdings Ltd. ADR^*		16,642		83,709
Sohu.com, Inc.^*		2,201		83,330
Wayfair, Inc. — Class A^*		2,104		82,056
YY, Inc. ADR^*		2,391		80,983
Pandora Media, Inc.^*		6,310		78,560
GrubHub, Inc.^*		2,415		75,034
Yelp, Inc. — Class A^*		2,408		73,107
WebMD Health Corp. — Class A^*		1,126		65,432
Autohome, Inc. ADR^*		3,253		65,418
Groupon, Inc. — Class A^*		18,482		60,067
Cogent Communications Holdings, Inc.		1,465		58,688
Shutterfly, Inc.^*		1,217		56,724
Shutterstock, Inc.^*		1,228		56,242
Stamps.com, Inc.^*		628		54,900
comScore, Inc.^*		1,908		45,563
Total Internet				8,185,006
Telecommunications - 14.4%
Cisco Systems, Inc.		18,866		541,266
Motorola Solutions, Inc.		2,286		150,808
Palo Alto Networks, Inc.^*		1,196		146,677
Juniper Networks, Inc.		5,888		132,421
Polycom, Inc.^*		10,755		120,994
CommScope Holding Company, Inc.^*		3,460		107,364
Nokia Oyj ADR		18,630		106,005
Telefonaktiebolaget LM Ericsson ADR		11,726		90,056
Arista Networks, Inc.^*		1,382		88,973
ARRIS International plc^*		4,103		85,999
ViaSat, Inc.^*		1,196		85,394
Ubiquiti Networks, Inc.^*		2,081		80,451
Ciena Corp.^*		3,690		69,188
Gogo, Inc.^*		8,123		68,152
InterDigital, Inc.		1,101		61,304
Finisar Corp.^*		3,487		61,057
LogMeIn, Inc.^*		909		57,658
NETGEAR, Inc.^*		1,184		56,287
Infinera Corp.^*		4,840		54,595
Plantronics, Inc.		1,234		54,296
Viavi Solutions, Inc.^*		8,170		54,167
Total Telecommunications				2,273,112
Software - 11.9%
salesforce.com, Inc.^*		4,125		327,567
Intuit, Inc.		2,227		248,555
NetEase, Inc. ADR		835		161,339
Red Hat, Inc.^*		2,188		158,849
Citrix Systems, Inc.^*		1,964		157,297
Akamai Technologies, Inc.^*		2,560		143,181
Check Point Software Technologies Ltd.^*		1,506		119,998
NetSuite, Inc.^*		1,468		106,870
Veeva Systems, Inc. — Class A^*		2,850		97,242
j2 Global, Inc.		1,230		77,699
Demandware, Inc.^*		1,021		76,473
Rackspace Hosting, Inc.^*		3,449		71,946
Allscripts Healthcare Solutions, Inc.^*		5,531		70,244
Cornerstone OnDemand, Inc.^*		1,640		62,418
Total Software				1,879,678
Diversified Financial Services - 4.5%
Charles Schwab Corp.		9,757		246,950
TD Ameritrade Holding Corp.		6,060		172,559
ETRADE Financial Corp.^		4,857		114,091
LendingClub Corp.^*		24,255		104,297
BGC Partners, Inc. — Class A		7,926		69,035
Total Diversified Financial Services				706,932
Semiconductors - 3.9%
QUALCOMM, Inc.		7,478		400,596
Broadcom Ltd.		1,434		222,844
Total Semiconductors				623,440
Commercial Services - 3.8%
PayPal Holdings, Inc.^*		8,168		298,213
CoStar Group, Inc.^*		562		122,887
Live Nation Entertainment, Inc.^*		4,180		98,230
Cimpress N.V.^*		920		85,082
Total Commercial Services				604,412
Media - 2.2%
Time Warner, Inc.		4,691		344,976
Computers - 1.5%
Brocade Communications Systems, Inc.		10,177		93,420

Internet Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 98.2% (continued)
Computers - 1.5% (continued)
BlackBerry Ltd.^*		12,571	$	84,351
NetScout Systems, Inc.^*		2,881		64,102
Total Computers				241,873
REITs - 1.5%
Equinix, Inc.		602		233,413
Retail - 1.0%
Liberty Interactive Corporation QVC Group — Class A^*		6,293		159,654
Leisure Time - 0.9%
Qunar Cayman Islands Ltd. ADR^*		2,973		88,565
Liberty TripAdvisor Holdings, Inc. — Class A^*		2,670		58,420
Total Leisure Time				146,985
Aerospace & Defense - 0.9%
Harris Corp.		1,752		146,187
Total Common Stocks
(Cost $9,642,453)				15,545,668

	Face Amount
REPURCHASE AGREEMENTS^††,1 - 1.0%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	151,954		151,954
Total Repurchase Agreements
(Cost $151,954)				151,954
Total Investments - 99.2%
(Cost $9,794,407)			$	15,697,622
Other Assets & Liabilities, net - 0.8%				125,005
Total Net Assets - 100.0%			$	15,822,627

*	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 REIT — Real Estate Investment Trust

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 2		Level 3		Total
Common Stocks	$	15,545,668	$	—	$	—	$	15,545,668
Repurchase Agreements		—		151,954		—		151,954
Total	$	15,545,668	$	151,954	$	—	$	15,697,622

For the period ended June 30, 2016, there were no transfers between levels.

Inverse Emerging Markets 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Face Amount		Value
REPURCHASE AGREEMENTS^††,1 - 137.5%
UMB Financial Corp. issued 06/30/16 at 0.26% due 07/01/16²	$	987,237	$	987,237
HSBC Group issued 06/30/16 at 0.26% due 07/01/16		620,863		620,863
Royal Bank of Canada issued 06/30/16 at 0.33% due 07/01/16		527,839		527,839
Total Repurchase Agreements
(Cost $2,135,939)				2,135,939
Total Investments - 137.5%
(Cost $2,135,939)			$	2,135,939
Other Assets & Liabilities, net - (37.5)%				(582,623	)
Total Net Assets - 100.0%			$	1,553,316

	Contracts		Unrealized Loss
EQUITY FUTURES CONTRACTS SOLD SHORT^†
September 2016 MSCI Emerging Markets Index Mini Futures Contracts (Aggregate Value of Contracts $41,755)		1	$	(297	)

	Units
OTC EQUITY INDEX SWAP AGREEMENTS SOLD SHORT^††
Goldman Sachs International July 2016 Bank of New York Mellon Emerging Markets 50 ADR Index Swap 0.44%³, Terminating 07/27/16 (Notional Value $3,064,801)		1,542	$	(202,556	)

^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Repurchase Agreements — See Note 4.
²	All or a portion of this security is pledged as equity index swap collateral at June 30, 2016.
³	Total Return based on Bank of New York Mellon Emerging Markets 50 ADR Index +/- financing at a variable rate. Rate indicated is the rate effective at June 30, 2016.

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 1 - Other*		Level 2		Level 2 - Other*		Level 3		Total
Repurchase Agreements	$	—	$	—	$	2,135,939	$	—	$	—	$	2,135,939

Investments in Securities (Liabilities)	Level 1		Level 1 - Other*		Level 2		Level 2 - Other*		Level 3		Total
Equity Futures Contracts	$	—	$	297	$	—	$	—	$	—	$	297
Equity Index Swap Agreements		—		—		—		202,556		—		202,556
Total	$	—	$	297	$	—	$	202,556	$	—	$	202,853

* Other financial instruments include futures contracts and/or swaps, which are reported as unrealized gain/loss at period end.

For the period ended June 30, 2016, there were no transfers between levels.

Inverse Government Long Bond Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
MUTUAL FUNDS^† - 10.1%
Guggenheim Strategy Fund I¹		299,093	$	7,450,401
Guggenheim Strategy Fund II¹		206,904		5,133,283
Total Mutual Funds
(Cost $12,537,267)				12,583,684

	Face Amount
FEDERAL AGENCY NOTES^†† - 71.7%
Federal Farm Credit Bank²
0.63% due 08/08/18³	$	15,000,000		15,004,786
0.60% due 03/01/18³		15,000,000		14,994,870
0.50% due 01/09/18³		15,000,000		14,977,200
0.55% due 07/01/16³		10,000,000		10,000,000
0.46% due 08/01/17³		6,000,000		5,994,402
0.56% due 09/18/17³		1,875,000		1,874,520
0.62% due 06/13/17³		200,000		200,148
Total Federal Farm Credit Bank				63,045,926
Federal Home Loan Bank²
0.56% due 12/20/17³		10,000,000		10,000,000
0.63% due 05/17/18³		10,000,000		9,998,130
Total Federal Home Loan Bank				19,998,130
Fannie Mae⁴
0.45% due 09/08/17³		6,000,000		5,997,120
Total Federal Agency Notes
(Cost $89,034,757)				89,041,176

FEDERAL AGENCY DISCOUNT NOTES^†† - 16.2%
Federal Home Loan Bank²
0.35% due 09/13/16		10,000,000		9,994,240
0.37% due 09/19/16		10,000,000		9,993,780
0.25% due 07/01/16		150,000		150,000
Total Federal Home Loan Bank				20,138,020
Total Federal Agency Discount Notes
(Cost $20,134,361)				20,138,020

U.S. TREASURY BILLS^†^† - 0.8%
U.S. Treasury Bill
0.00% due 07/14/16⁵		1,000,000		999,955
Total U.S. Treasury Bills
(Cost $999,922)				999,955

REPURCHASE AGREEMENTS^†† - 136.8%
Individual Repurchase Agreements⁷
Barclays Capital issued 06/30/16 at 0.25% due 07/01/16 (secured by U.S. Treasury Bond, at a rate of 2.50% and maturing 05/15/46 as collateral, with a value of $96,307,235) to be repurchased at $95,399,912		95,399,250		95,399,250
Mizuho Financial Group, Inc. issued 06/30/16 at 0.42% due 07/01/16 (secured by U.S. Treasury Bond, at a rate of 2.50% and maturing 05/15/46 as collateral, with a value of $25,239,390) to be repurchased at $24,748,941		24,748,652		24,748,652
Joint Repurchase Agreements⁶
HSBC Group issued 06/30/16 at 0.26% due 07/01/16		26,792,673		26,792,673
Royal Bank of Canada issued 06/30/16 at 0.33% due 07/01/16		22,778,324		22,778,324
Total Repurchase Agreements
(Cost $169,718,899)				169,718,899
Total Investments - 235.6%
(Cost $292,425,206)			$	292,481,734

U.S. Government Securities Sold Short^†^† - (64.2)%
U.S. Treasury Bond
2.50% due 05/15/46	76,400,000		(79,730,563	)
Total U.S. Government Securities Sold Short
(Proceeds $78,913,630)			(79,730,563	)
Other Assets & Liabilities, net - (71.4)%			(88,653,254	)
Total Net Assets - 100.0%		$	124,097,917

	Contracts		Unrealized Loss
INTEREST RATE FUTURES CONTRACTS SOLD SHORT^†
September 2016 U.S. Treasury Ultra Long Bond Futures Contracts (Aggregate Value of Contracts $50,600,781)		271	$	(1,004,812	)

Inverse Government Long Bond Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Affiliated issuer — See Note 5.
²	The issuer operates under a Congressional charter; its securities are neither issued nor guaranteed by the U.S. Government.
³	Variable rate security. Rate indicated is rate effective at June 30, 2016.
⁴	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.
⁵	Zero coupon rate security.
⁶	Repurchase Agreements — See Note 4.
⁷	All or portion of this security is pledged as short collateral at June 30, 2016.

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 1 - Other*		Level 2		Level 3		Total
Federal Agency Discount Notes	$	—	$	—	$	20,138,020	$	—	$	20,138,020
Federal Agency Notes		—		—		89,041,176		—		89,041,176
Mutual Funds		12,583,684		—		—		—		12,583,684
Repurchase Agreements		—		—		169,718,899		—		169,718,899
U.S. Treasury Bills		—		—		999,955		—		999,955
Total	$	12,583,684	$	—	$	279,898,050	$	—	$	292,481,734

Investments in Securities (Liabilities)	Level 1		Level 1 - Other*		Level 2		Level 3		Total
Interest Rate Futures Contracts	$	—	$	1,004,812	$	—	$	—	$	1,004,812
U.S. Government Securities		—		—		79,730,563		—		79,730,563
Total	$	—	$	1,004,812	$	79,730,563	$	—	$	80,735,375

* Other financial instruments include futures contracts, which are reported as unrealized gain/loss at period end.

For the period ended June 30, 2016, there were no transfers between levels.

Inverse High Yield Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
MUTUAL FUNDS^† - 9.7%
Guggenheim Strategy Fund II¹		78,141	$	1,938,666
Guggenheim Strategy Fund I¹		77,067		1,919,735
Total Mutual Funds
(Cost $3,853,347)				3,858,401

	Face Amount
REPURCHASE AGREEMENTS^††,2 - 86.7%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	18,719,074		18,719,074
Royal Bank of Canada issued 06/30/16 at 0.33% due 07/01/16		15,914,392		15,914,392
Total Repurchase Agreements
(Cost $34,633,466)				34,633,466
Total Investments - 96.4%
(Cost $38,486,813)			$	38,491,867
Other Assets & Liabilities, net - 3.6%				1,431,571
Total Net Assets - 100.0%			$	39,923,438

	Contracts		Unrealized Loss
INTEREST RATE FUTURES CONTRACTS SOLD SHORT^†
September 2016 U.S. Treasury 5 Year Note Futures Contracts (Aggregate Value of Contracts $33,472,953)		274	$	(99,194	)

CENTRALLY CLEARED CREDIT DEFAULT SWAPS PROTECTION PURCHASED^††
Index	Counterparty	Exchange	Protection Premium Rate			Maturity Date	Notional Principal		Notional Value		Upfront Premiums Received			Unrealized Depreciation
CDX.NA.HY.26 Index	Barclays Bank plc	ICE		5.00	%	06/20/21	$	33,350,000	$	34,417,200	$	(595,332	)	$	(471,869	)
CDX.NA.HY.26 Index	Goldman Sachs International	ICE		5.00	%	06/20/21		6,000,000		6,192,000		(163,308	)		(28,692	)
											$	(758,640	)	$	(500,561	)

^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Affiliated issuer — See Note 5.
²	Repurchase Agreements — See Note 4.
	plc — Public Limited Company CDX.NA.HY.26 Index — Credit Default Swap North American High Yield Series 26 Index ICE — Intercontinental Exchange

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 1 - Other*		Level 2		Level 2 - Other*		Level 3		Total
Mutual Funds	$	3,858,401	$	—	$	—	$	—	$	—	$	3,858,401
Repurchase Agreements		—		—		34,633,466		—		—		34,633,466
Total	$	3,858,401	$	—	$	34,633,466	$	—	$	—	$	38,491,867

Investments in Securities (Liabilities)	Level 1		Level 1 - Other*		Level 2		Level 2 - Other*		Level 3		Total
Credit Default Swap Agreements	$	—	$	—	$	—	$	500,561	$	—	$	500,561
Interest Rate Futures Contracts		—		99,194		—		—		—		99,194
Total	$	—	$	99,194	$	—	$	500,561	$	—	$	599,755

* Other financial instruments include futures contracts and/or swaps, which are reported as unrealized gain/loss at period end.

For the period ended June 30, 2016, there were no transfers between levels.

Inverse Mid-Cap Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
MUTUAL FUNDS^† - 9.9%
Guggenheim Strategy Fund I¹		4,839	$	120,535
Guggenheim Strategy Fund II¹		4,843		120,145
Total Mutual Funds
(Cost $240,330)				240,680

	Face Amount
REPURCHASE AGREEMENTS^††,2 - 83.9%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	965,638		965,638
Royal Bank of Canada issued 06/30/16 at 0.33% due 07/01/16		820,956		820,956
UMB Financial Corp. issued 06/30/16 at 0.26% due 07/01/16³		246,185		246,185
Total Repurchase Agreements
(Cost $2,032,779)				2,032,779
Total Investments - 93.8%
(Cost $2,273,109)			$	2,273,459
Other Assets & Liabilities, net - 6.2%				150,208
Total Net Assets - 100.0%			$	2,423,667

	Contracts		Unrealized Gain (Loss)
EQUITY FUTURES CONTRACTS SOLD SHORT^†
September 2016 S&P MidCap 400 Index Mini Futures Contracts (Aggregate Value of Contracts $298,480)		2	$	4,647

	Units
OTC EQUITY INDEX SWAP AGREEMENTS SOLD SHORT^††
Barclays Bank plc July 2016 S&P MidCap 400 Index Swap 0.44%⁴, Terminating 07/29/16 (Notional Value $251,972)		168	$	(4,767	)
Credit Suisse Capital, LLC July 2016 S&P MidCap 400 Index Swap 0.45%⁴, Terminating 07/26/16 (Notional Value $317,060)		212		(17,106	)
Goldman Sachs International July 2016 S&P MidCap 400 Index Swap 0.44%⁴, Terminating 07/27/16 (Notional Value $1,553,811)		1,038		(83,758	)
(Total Notional Value $2,122,843)			$	(105,631	)

^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Affiliated issuer — See Note 5.
²	Repurchase Agreements — See Note 4.
³	All or a portion of this security is pledged as equity index swap collateral at June 30, 2016.
⁴	Total Return based on S&P MidCap 400 Index +/- financing at a variable rate. Rate indicated is the rate effective at June 30, 2016.
	plc — Public Limited Company

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 1 - Other*		Level 2		Level 2 - Other*		Level 3		Total
Equity Futures Contracts	$	—	$	4,647	$	—	$	—	$	—	$	4,647
Mutual Funds		240,680		—		—		—		—		240,680
Repurchase Agreements		—		—		2,032,779		—		—		2,032,779
Total	$	240,680	$	4,647	$	2,032,779	$	—	$	—	$	2,278,106

Investments in Securities (Liabilities)	Level 1		Level 1 - Other*		Level 2		Level 2 - Other*		Level 3		Total
Equity Index Swap Agreements	$	—	$	—	$	—	$	105,631	$	—	$	105,631

* Other financial instruments include futures contracts and/or swaps, which are reported as unrealized gain/loss at period end.

For the period ended June 30, 2016, there were no transfers between levels.

Inverse NASDAQ-100^® Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
MUTUAL FUNDS^† - 9.3%
Guggenheim Strategy Fund I¹		31,961	$	796,157
Guggenheim Strategy Fund II¹		31,947		792,614
Total Mutual Funds
(Cost $1,583,633)				1,588,771

	Face Amount
FEDERAL AGENCY NOTES^†† - 11.7%
Federal Farm Credit Bank²
0.46% due 08/01/17³	$	2,000,000		1,998,133
Total Federal Agency Notes
(Cost $2,000,000)				1,998,133

REPURCHASE AGREEMENTS^††,4 - 82.6%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16		6,458,210		6,458,210
Royal Bank of Canada issued 06/30/16 at 0.33% due 07/01/16		5,490,576		5,490,576
UMB Financial Corp. issued 06/30/16 at 0.26% due 07/01/16⁵		2,157,798		2,157,798
Total Repurchase Agreements
(Cost $14,106,584)				14,106,584
Total Investments - 103.6%
(Cost $17,690,217)			$	17,693,488
Other Assets & Liabilities, net - (3.6)%				(622,191	)
Total Net Assets - 100.0%			$	17,071,297

	Contracts		Unrealized Loss
EQUITY FUTURES CONTRACTS SOLD SHORT^†
September 2016 NASDAQ-100 Index Mini Futures Contracts (Aggregate Value of Contracts $1,762,300)		20	$	(37,451	)

	Units
OTC EQUITY INDEX SWAP AGREEMENTS SOLD SHORT^††
Barclays Bank plc July 2016 NASDAQ-100 Index Swap 0.44%⁶, Terminating 07/29/16 (Notional Value $2,461,938)		557	$	(29,484	)
Credit Suisse Capital, LLC July 2016 NASDAQ-100 Index Swap 0.45%⁶, Terminating 07/26/16 (Notional Value $1,938,945)		439		(95,207	)
Goldman Sachs International July 2016 NASDAQ-100 Index Swap 0.44%⁶, Terminating 07/26/16 (Notional Value $10,952,389)		2,479		(537,520	)
(Total Notional Value $15,353,272)			$	(662,211	)

^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Affiliated issuer — See Note 5.
²	The issuer operates under a Congressional charter; its securities are neither issued nor guaranteed by the U.S. Government.
³	Variable rate security. Rate indicated is rate effective at June 30, 2016.
⁴	Repurchase Agreements — See Note 4.
⁵	All or a portion of this security is pledged as equity index swap collateral at June 30, 2016.
⁶	Total Return based on NASDAQ-100 Index +/- financing at a variable rate. Rate indicated is the rate effective at June 30, 2016.
	plc — Public Limited Company

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 1 - Other*		Level 2		Level 2 - Other*		Level 3		Total
Federal Agency Notes	$	—	$	—	$	1,998,133	$	—	$	—	$	1,998,133
Mutual Funds		1,588,771		—		—		—		—		1,588,771
Repurchase Agreements		—		—		14,106,584		—		—		14,106,584
Total	$	1,588,771	$	—	$	16,104,717	$	—	$	—	$	17,693,488

Investments in Securities (Liabilities)	Level 1		Level 1 - Other*		Level 2		Level 2 - Other*		Level 3		Total
Equity Futures Contracts	$	—	$	37,451	$	—	$	—	$	—	$	37,451
Equity Index Swap Agreements		—		—		—		662,211		—		662,211
Total	$	—	$	37,451	$	—	$	662,211	$	—	$	699,662

* Other financial instruments include futures contracts and/or swaps, which are reported as unrealized gain/loss at period end.

For the period ended June 30, 2016, there were no transfers between levels.

Inverse Russell 2000^® Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
MUTUAL FUNDS^† - 9.6%
Guggenheim Strategy Fund I¹		24,377	$	607,240
Guggenheim Strategy Fund II¹		24,220		600,890
Total Mutual Funds
(Cost $1,204,971)				1,208,130

	Face Amount
FEDERAL AGENCY NOTES^†† - 16.0%
Fannie Mae²
0.48% due 09/08/17³	$	2,000,000		1,999,041
Total Federal Agency Notes
(Cost $1,999,761)				1,999,041

REPURCHASE AGREEMENTS^††,4 - 78.9%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16		4,302,574		4,302,574
Royal Bank of Canada issued 06/30/16 at 0.33% due 07/01/16		3,657,918		3,657,918
UMB Financial Corp. issued 06/30/16 at 0.26% due 07/01/16⁵		1,940,581		1,940,581
Total Repurchase Agreements
(Cost $9,901,073)				9,901,073
Total Investments - 104.5%
(Cost $13,105,805)			$	13,108,244
Other Assets & Liabilities, net - (4.5)%				(562,438	)
Total Net Assets - 100.0%			$	12,545,806

	Units		Unrealized Loss
OTC EQUITY INDEX SWAP AGREEMENTS SOLD SHORT^††
Credit Suisse Capital, LLC July 2016 Russell 2000 Index Swap 0.45%⁶, Terminating 07/26/16 (Notional Value $275,077)		239	$	(15,079	)
Barclays Bank plc July 2016 Russell 2000 Index Swap 0.44%⁶, Terminating 07/29/16 (Notional Value $1,774,681)		1,541		(31,398	)
Goldman Sachs International July 2016 Russell 2000 Index Swap 0.44%⁶, Terminating 07/27/16 (Notional Value $10,577,903)		9,183		(579,028	)
(Total Notional Value $12,627,661)			$	(625,505	)

^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Affiliated issuer — See Note 5.
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	Variable rate security. Rate indicated is rate effective at June 30, 2016.
⁴	Repurchase Agreements — See Note 4.
⁵	All or a portion of this security is pledged as equity index swap collateral at June 30, 2016.
⁶	Total Return based on Russell 2000 Index +/- financing at a variable rate. Rate indicated is the rate effective at June 30, 2016.
	plc — Public Limited Company

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 2		Level 2 - Other*		Level 3		Total
Federal Agency Notes	$	—	$	1,999,041	$	—	$	—	$	1,999,041
Mutual Funds		1,208,130		—		—		—		1,208,130
Repurchase Agreements		—		9,901,073		—		—		9,901,073
Total	$	1,208,130	$	11,900,114	$	—	$	—	$	13,108,244

Investments in Securities (Liabilities)	Level 1		Level 2		Level 2 - Other*		Level 3		Total
Equity Index Swap Agreements	$	—	$	—	$	625,505	$	—	$	625,505

* Other financial instruments include swaps, which are reported as unrealized gain/loss at period end.

For the period ended June 30, 2016, there were no transfers between levels.

Inverse S&P 500^® Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
MUTUAL FUNDS^† - 10.1%
Guggenheim Strategy Fund II¹		356,875	$	8,854,075
Guggenheim Strategy Fund I¹		338,146		8,423,211
Total Mutual Funds
(Cost $17,244,306)				17,277,286

	Face Amount
FEDERAL AGENCY NOTES^†† - 47.4%
Federal Farm Credit Bank²
0.55% due 07/01/16³	$	12,500,000		12,500,000
0.63% due 08/08/18³		10,000,000		10,003,189
0.60% due 03/01/18³		10,000,000		9,996,580
0.46% due 08/01/17³		5,000,000		4,995,335
Total Federal Farm Credit Bank				37,495,104
Federal Home Loan Bank²
0.56% due 12/20/17³		15,000,000		15,000,000
0.49% due 06/28/17³		15,000,000		14,998,515
0.63% due 05/17/18³		7,000,000		6,998,691
Total Federal Home Loan Bank				36,997,206
Fannie Mae⁴
0.45% due 09/08/17³		7,000,000		6,996,640
Total Federal Agency Notes
(Cost $81,498,985)				81,488,950

FEDERAL AGENCY DISCOUNT NOTES^†† - 33.1%
Federal Home Loan Bank²
0.32% due 08/26/16		20,000,000		19,989,796
0.37% due 09/19/16		15,000,000		14,990,669
0.35% due 09/13/16		10,000,000		9,994,240
0.40% due 07/15/16		3,200,000		3,199,789
Total Federal Home Loan Bank				48,174,494
Farmer Mac²
0.66% due 12/09/16		8,000,000		7,985,688
Federal Farm Credit Bank²
0.48% due 12/08/17³		600,000		599,354
Total Federal Agency Discount Notes
(Cost $56,744,908)				56,759,536

U.S. TREASURY BILLS^†^† - 0.3%
U.S. Treasury Bill
0.00% due 07/14/16⁵		500,000		499,978
Total U.S. Treasury Bills
(Cost $499,961)				499,978

REPURCHASE AGREEMENTS^††,6 - 42.9%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16		27,524,918		27,524,918
Royal Bank of Canada issued 06/30/16 at 0.33% due 07/01/16		23,400,855		23,400,855
UMB Financial Corp. issued 06/30/16 at 0.26% due 07/01/16⁷		22,742,518		22,742,518
Total Repurchase Agreements
(Cost $73,668,291)				73,668,291
Total Investments - 133.8%
(Cost $229,656,451)			$	229,694,041
Other Assets & Liabilities, net - (33.8)%				(58,026,334	)
Total Net Assets - 100.0%			$	171,667,707

	Contracts		Unrealized Gain (Loss)
EQUITY FUTURES CONTRACTS SOLD SHORT^†
September 2016 S&P 500 Index Mini Futures Contracts (Aggregate Value of Contracts $8,247,600)		79	$	72,656

	Units
OTC EQUITY INDEX SWAP AGREEMENTS SOLD SHORT^††
Credit Suisse Capital, LLC July 2016 S&P 500 Index Swap 0.45%⁸, Terminating 07/26/16 (Notional Value $1,134,823)		541	$	(53,515	)
Barclays Bank plc July 2016 S&P 500 Index Swap 0.44%⁸, Terminating 07/29/16 (Notional Value $49,031,928)		23,361		(655,794	)
Goldman Sachs International July 2016 S&P 500 Index Swap 0.44%⁸, Terminating 07/26/16 (Notional Value $114,777,365)		54,686		(5,282,536	)
(Total Notional Value $164,944,116)			$	(5,991,845	)

^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Affiliated issuer — See Note 5.
²	The issuer operates under a Congressional charter; its securities are neither issued nor guaranteed by the U.S. Government.
³	Variable rate security. Rate indicated is rate effective at June 30, 2016.
⁴	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.
⁵	Zero coupon rate security.
⁶	Repurchase Agreements — See Note 4.
⁷	All or a portion of this security is pledged as equity index swap collateral at June 30, 2016.
⁸	Total Return based on S&P 500 Index +/- financing at a variable rate. Rate indicated is the rate effective at June 30, 2016.
	plc — Public Limited Company

Inverse S&P 500^® Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 1 - Other*		Level 2		Level 2 - Other*		Level 3		Total
Equity Futures Contracts	$	—	$	72,656	$	—	$	—	$	—	$	72,656
Federal Agency Discount Notes		—		—		56,759,536		—		—		56,759,536
Federal Agency Notes		—		—		81,488,950		—		—		81,488,950
Mutual Funds		17,277,286		—		—		—		—		17,277,286
Repurchase Agreements		—		—		73,668,291		—		—		73,668,291
U.S. Treasury Bills		—		—		499,978		—		—		499,978
Total	$	17,277,286	$	72,656	$	212,416,755	$	—	$	—	$	229,766,697

Investments in Securities (Liabilities)	Level 1		Level 1 - Other*		Level 2		Level 2 - Other*		Level 3		Total
Equity Index Swap Agreements	$	—	$	—	$	—	$	5,991,845	$	—	$	5,991,845

* Other financial instruments include futures contracts and/or swaps, which are reported as unrealized gain/loss at period end.

For the period ended June 30, 2016, there were no transfers between levels.

Japan 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
MUTUAL FUNDS^† - 8.8%
Guggenheim Strategy Fund II¹		3,708	$	92,000
Guggenheim Strategy Fund I¹		3,684		91,774
Total Mutual Funds
(Cost $183,221)				183,774

	Face Amount
REPURCHASE AGREEMENTS^††,2 - 88.0%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	989,012		989,012
Royal Bank of Canada issued 06/30/16 at 0.33% due 07/01/16		840,828		840,828
Total Repurchase Agreements
(Cost $1,829,840)				1,829,840
Total Investments - 96.8%
(Cost $2,013,061)			$	2,013,614
Other Assets & Liabilities, net - 3.2%				66,736
Total Net Assets - 100.0%			$	2,080,350

	Contracts		Unrealized Gain
CURRENCY FUTURES CONTRACTS PURCHASED^†
September 2016 Japanese Yen Futures Contracts (Aggregate Value of Contracts $4,125,050)		34	$	147,871

EQUITY FUTURES CONTRACTS PURCHASED^†
September 2016 Nikkei 225 (CME) Index Futures Contracts (Aggregate Value of Contracts $4,190,975)		53	$	30,936

^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Affiliated issuer — See Note 5.
²	Repurchase Agreements — See Note 4.

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 1 - Other*		Level 2		Level 3		Total
Currency Futures Contracts	$	—	$	147,871	$	—	$	—	$	147,871
Equity Futures Contracts		—		30,936		—		—		30,936
Mutual Funds		183,774		—		—		—		183,774
Repurchase Agreements		—		—		1,829,840		—		1,829,840
Total	$	183,774	$	178,807	$	1,829,840	$	—	$	2,192,421

* Other financial instruments include futures contracts which are reported as unrealized gain/loss at period end.

For the period ended June 30, 2016, there were no transfers between levels.

Leisure Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 99.5%
Media - 31.5%
Comcast Corp. — Class A		13,165	$	858,226
Walt Disney Co.		8,617		842,915
Twenty-First Century Fox, Inc. — Class A		20,729		560,719
Charter Communications, Inc. — Class A^*		2,356		538,676
Time Warner, Inc.		6,992		514,192
Thomson Reuters Corp.		9,168		370,571
CBS Corp. — Class B		6,165		335,622
DISH Network Corp. — Class A^*		6,256		327,814
Discovery Communications, Inc. — Class A^*		10,601		267,463
Viacom, Inc. — Class B		6,242		258,856
Liberty SiriusXM Group — Class A^*		6,950		217,952
News Corp. — Class A		18,572		210,792
Scripps Networks Interactive, Inc. — Class A		2,984		185,814
Liberty Global plc^*		5,989		171,585
Grupo Televisa SAB ADR		6,310		164,312
TEGNA, Inc.		6,599		152,899
AMC Networks, Inc. — Class A^*		2,350		141,987
Tribune Media Co. — Class A		3,320		130,078
Starz — Class A^*		4,227		126,472
Sinclair Broadcast Group, Inc. — Class A		3,750		111,975
Meredith Corp.		2,000		103,820
Gannett Company, Inc.		7,333		101,269
Media General, Inc.^*		5,730		98,499
Time, Inc.		5,285		86,991
Nexstar Broadcasting Group, Inc. — Class A		1,790		85,168
Liberty Global plc LiLAC — Class C^*		701		22,778
Total Media				6,987,445
Retail - 17.7%
McDonald's Corp.		5,699		685,817
Starbucks Corp.		10,864		620,551
Yum! Brands, Inc.		4,721		391,464
Chipotle Mexican Grill, Inc. — Class A^*		579		233,197
Darden Restaurants, Inc.		2,909		184,256
Domino's Pizza, Inc.		1,334		175,261
Panera Bread Co. — Class A^*		708		150,054
Restaurant Brands International, Inc.		3,471		144,394
Cracker Barrel Old Country Store, Inc.		780		133,747
Dunkin' Brands Group, Inc.		2,980		129,988
Texas Roadhouse, Inc. — Class A		2,634		120,110
Jack in the Box, Inc.		1,350		115,992
Papa John's International, Inc.		1,600		108,800
Brinker International, Inc.		2,384		108,544
Wendy's Co.		11,252		108,244
Buffalo Wild Wings, Inc.^*		767		106,575
Cheesecake Factory, Inc.		2,100		101,094
Bloomin' Brands, Inc.		5,312		94,925
DineEquity, Inc.		1,020		86,476
Shake Shack, Inc. — Class A^*		2,050		74,682
Sonic Corp.		2,619		70,844
Total Retail				3,945,015
Lodging - 11.2%
Hilton Worldwide Holdings, Inc.		17,150		386,390
Las Vegas Sands Corp.		8,767		381,277
Marriott International, Inc. — Class A		4,203		279,331
Starwood Hotels & Resorts Worldwide, Inc.		3,246		240,042
MGM Resorts International^*		10,330		233,768
Wynn Resorts Ltd.		2,131		193,154
Wyndham Worldwide Corp.		2,681		190,968
Hyatt Hotels Corp. — Class A^*		3,560		174,938
Melco Crown Entertainment Ltd. ADR		11,393		143,324
Interval Leisure Group, Inc.		6,234		99,121
Boyd Gaming Corp.^*		5,303		97,575
La Quinta Holdings, Inc.^*		7,086		80,780
Total Lodging				2,500,668
Agriculture - 10.7%
Philip Morris International, Inc.		8,411		855,567
Altria Group, Inc.		11,522		794,557
Reynolds American, Inc.		11,346		611,890
Vector Group Ltd.		4,966		111,338
Total Agriculture				2,373,352
Beverages - 7.6%
Constellation Brands, Inc. — Class A		2,386		394,645
Molson Coors Brewing Co. — Class B		3,135		317,043
Brown-Forman Corp. — Class B		3,094		308,657
Anheuser-Busch InBev S.A. ADR		2,043		269,022
Ambev S.A. ADR		40,488		239,284
Diageo plc ADR		1,380		155,774
Total Beverages				1,684,425
Entertainment - 6.4%
Gaming and Leisure Properties, Inc.		5,112		176,262
Six Flags Entertainment Corp.		2,750		159,362
Vail Resorts, Inc.		1,100		152,053
Cinemark Holdings, Inc.		3,916		142,778
Madison Square Garden Co. — Class A^*		793		136,800
Regal Entertainment Group — Class A		5,830		128,493
DreamWorks Animation SKG, Inc. — Class A^*		3,105		126,901
Lions Gate Entertainment Corp.		5,607		113,430
Marriott Vacations Worldwide Corp.		1,450		99,311
SeaWorld Entertainment, Inc.		5,110		73,226
Penn National Gaming, Inc.^*		5,007		69,848
Pinnacle Entertainment, Inc.^*		4,996		55,356
Total Entertainment				1,433,820
Leisure Time - 6.4%
Carnival Corp.		8,430		372,606
Royal Caribbean Cruises Ltd.		3,632		243,889

Leisure Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 99.5% (continued)
Leisure Time - 6.4% (continued)
Harley-Davidson, Inc.		4,347	$	196,919
Norwegian Cruise Line Holdings Ltd.^*		4,930		196,411
Polaris Industries, Inc.		1,900		155,344
Brunswick Corp.		2,995		135,733
Vista Outdoor, Inc.^*		2,428		115,888
Total Leisure Time				1,416,790
Software - 3.6%
Activision Blizzard, Inc.		9,109		360,990
Electronic Arts, Inc.^*		4,330		328,041
Take-Two Interactive Software, Inc.^*		3,232		122,557
Total Software				811,588
Toys, Games & Hobbies - 1.9%
Mattel, Inc.		6,899		215,870
Hasbro, Inc.		2,562		215,182
Total Toys, Games & Hobbies				431,052
Commercial Services - 1.5%
Aramark		5,776		193,034
Live Nation Entertainment, Inc.^*		6,244		146,734
Total Commercial Services				339,768
Electronics - 0.6%
IMAX Corp.^*		4,508		132,895
Miscellaneous Manufacturing - 0.4%
Smith & Wesson Holding Corp.^*		3,520		95,674
Total Common Stocks
(Cost $18,099,728)				22,152,492

	Face Amount
REPURCHASE AGREEMENTS^††,1 - 0.3%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	72,117		72,117
Total Repurchase Agreements
(Cost $72,117)				72,117
Total Investments - 99.8%
(Cost $18,171,845)			$	22,224,609
Other Assets & Liabilities, net - 0.2%				55,502
Total Net Assets - 100.0%			$	22,280,111

*	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

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 2		Level 3		Total
Common Stocks	$	22,152,492	$	—	$	—	$	22,152,492
Repurchase Agreements		—		72,117		—		72,117
Total	$	22,152,492	$	72,117	$	—	$	22,224,609

For the period ended June 30, 2016, there were no transfers between levels.

Long Short Equity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 87.3%
Consumer, Non-cyclical - 26.5%
DexCom, Inc.^*,1		3,505	$	278,052
Clorox Co.¹		1,904		263,494
Pinnacle Foods, Inc.¹		5,610		259,686
Constellation Brands, Inc. — Class A¹		1,569		259,513
Kimberly-Clark Corp.¹		1,872		257,363
Cooper Companies, Inc.¹		1,500		257,354
Automatic Data Processing, Inc.¹		2,800		257,236
Medtronic plc¹		2,930		254,236
Reynolds American, Inc.¹		4,713		254,172
Pilgrim's Pride Corp.		9,859		251,207
Altria Group, Inc.¹		3,635		250,670
Kraft Heinz Co.¹		2,820		249,514
IDEXX Laboratories, Inc.^*,1		2,681		248,958
Philip Morris International, Inc.¹		2,442		248,400
Church & Dwight Company, Inc.¹		2,408		247,759
Teleflex, Inc.¹		1,391		246,638
Colgate-Palmolive Co.¹		3,361		246,025
WhiteWave Foods Co. — Class A^*,1		5,241		246,013
Equifax, Inc.¹		1,909		245,116
Dr Pepper Snapple Group, Inc.¹		2,524		243,894
Monster Beverage Corp.^*,1		1,515		243,476
Procter & Gamble Co.¹		2,864		242,495
TransUnion^*,1		7,245		242,272
Mondelez International, Inc. — Class A¹		5,301		241,249
Hill-Rom Holdings, Inc.¹		4,762		240,243
Coca-Cola Co.¹		5,285		239,569
Brown-Forman Corp. — Class B¹		2,400		239,424
Edwards Lifesciences Corp.^*,1		2,400		239,352
Spectrum Brands Holdings, Inc.¹		2,000		238,620
Total System Services, Inc.¹		4,492		238,570
Molson Coors Brewing Co. — Class B¹		2,356		238,262
Bio-Techne Corp.¹		2,100		236,817
Archer-Daniels-Midland Co.¹		5,497		235,767
VWR Corp.^*,1		8,023		231,865
Bio-Rad Laboratories, Inc. — Class A^*,1		1,600		228,832
Sabre Corp.¹		8,472		226,965
Charles River Laboratories International, Inc.^*,1		2,747		226,463
Gartner, Inc.^*,1		2,321		226,089
Thermo Fisher Scientific, Inc.¹		1,500		221,640
Blue Buffalo Pet Products, Inc.^*,1		9,221		215,218
Avon Products, Inc.¹		55,289		208,992
Boston Scientific Corp.^*,1		8,610		201,216
Bluebird Bio, Inc.^*,1		4,638		200,779
ResMed, Inc.¹		3,164		200,060
Bruker Corp.¹		8,700		197,838
Puma Biotechnology, Inc.^*,1		6,268		186,724
Bunge Ltd.¹		3,128		185,021
Illumina, Inc.^*,1		1,300		182,494
PepsiCo, Inc.¹		1,600		169,504
Juno Therapeutics, Inc.^*		3,857		148,263
DENTSPLY SIRONA, Inc.¹		2,109		130,842
Morningstar, Inc.¹		1,378		112,693
QIAGEN N.V.^*,1		5,027		109,639
JM Smucker Co.¹		715		108,973
Hain Celestial Group, Inc.^*,1		1,709		85,023
Agios Pharmaceuticals, Inc.^*,1		1,366		57,229
Rollins, Inc.¹		1,792		52,452
Zimmer Biomet Holdings, Inc.¹		383		46,106
Square, Inc. — Class A^*,1		632		5,720
Total Consumer, Non-cyclical				12,348,056
Industrial - 20.2%
Northrop Grumman Corp.¹		1,171		260,289
Waste Management, Inc.¹		3,909		259,050
Carlisle Companies, Inc.¹		2,446		258,493
Huntington Ingalls Industries, Inc.		1,529		256,918
AO Smith Corp.¹		2,900		255,519
Vulcan Materials Co.¹		2,100		252,756
Lennox International, Inc.¹		1,772		252,687
Energizer Holdings, Inc.¹		4,900		252,301
General Electric Co.¹		8,000		251,840
Stericycle, Inc.^*,1		2,418		251,762
Republic Services, Inc. — Class A¹		4,898		251,316
Martin Marietta Materials, Inc.¹		1,300		249,600
Raytheon Co.¹		1,830		248,788
Honeywell International, Inc.¹		2,122		246,831
CH Robinson Worldwide, Inc.¹		3,300		245,025
Roper Technologies, Inc.¹		1,433		244,412
L-3 Communications Holdings, Inc.¹		1,666		244,386
Fortune Brands Home & Security, Inc.¹		4,200		243,473
Owens Corning¹		4,725		243,431
Allegion plc¹		3,500		243,005
Expeditors International of Washington, Inc.¹		4,900		240,296
BWX Technologies, Inc.¹		6,650		237,871
Clean Harbors, Inc.^*,1		4,500		234,495
United Technologies Corp.¹		2,283		234,121
Masco Corp.¹		7,560		233,906
Rockwell Collins, Inc.¹		2,716		231,240
USG Corp.^*,1		8,562		230,832
Agilent Technologies, Inc.¹		5,200		230,672
Orbital ATK, Inc.¹		2,684		228,516
FedEx Corp.¹		1,500		227,670
Hexcel Corp.¹		5,464		227,521
Armstrong World Industries, Inc.^*,1		5,800		227,070
Eagle Materials, Inc.¹		2,943		227,052
Graphic Packaging Holding Co.¹		17,935		224,905
Textron, Inc.¹		5,987		218,885
TransDigm Group, Inc.^*,1		814		214,644
Armstrong Flooring, Inc.^*,1		12,650		214,418
Boeing Co.¹		1,403		182,208
Joy Global, Inc.¹		6,551		138,488
Teekay Corp.¹		10,028		71,500
Triumph Group, Inc.¹		1,903		67,557
General Dynamics Corp.¹		228		31,747

Long Short Equity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 87.3% (continued)
Industrial - 20. 2% (continued)
WestRock Co.¹		175	$	6,802
Total Industrial				9,394,298
Financial - 15.5%
Taubman Centers, Inc.¹		3,444		255,545
White Mountains Insurance Group Ltd.¹		300		252,600
American Capital Agency Corp.¹		12,600		249,733
Host Hotels & Resorts, Inc.¹		15,325		248,418
HCP, Inc.¹		6,987		247,200
Loews Corp.¹		6,000		246,539
Chimera Investment Corp.¹		15,650		245,705
Apple Hospitality REIT, Inc.¹		12,962		243,815
Rayonier, Inc.¹		9,226		242,091
Columbia Property Trust, Inc.¹		10,948		234,287
BOK Financial Corp.¹		3,717		233,056
Iron Mountain, Inc.¹		5,800		231,014
PacWest Bancorp¹		5,807		231,002
Weyerhaeuser Co.¹		7,725		229,974
First Horizon National Corp.¹		16,642		229,327
Allied World Assurance Company Holdings AG¹		6,477		227,602
American National Insurance Co.¹		2,011		227,545
Associated Banc-Corp.¹		12,906		221,338
MasterCard, Inc. — Class A¹		2,500		220,149
East West Bancorp, Inc.¹		6,240		213,283
MetLife, Inc.¹		5,349		213,051
MFA Financial, Inc.¹		28,830		209,594
Zions Bancorporation¹		8,250		207,323
CBL & Associates Properties, Inc.¹		20,630		192,065
CNA Financial Corp.¹		5,995		188,363
Nasdaq, Inc.¹		2,834		183,275
Commerce Bancshares, Inc.¹		3,726		178,475
Genworth Financial, Inc. — Class A^*		65,344		168,588
American Tower Corp. — Class A¹		1,458		165,643
Lincoln National Corp.¹		3,878		150,350
Mercury General Corp.¹		1,964		104,406
NorthStar Realty Finance Corp.¹		8,800		100,584
Visa, Inc. — Class A¹		1,315		97,534
NorthStar Realty Europe Corp.¹		10,377		95,987
Crown Castle International Corp.¹		944		95,750
Senior Housing Properties Trust¹		3,500		72,905
Equinix, Inc.¹		137		53,119
Old Republic International Corp.¹		680		13,117
WP Carey, Inc.¹		115		7,983
Total Financial				7,228,335
Utilities - 8.8%
American Water Works Company, Inc.¹		3,123		263,925
Ameren Corp.¹		4,900		262,541
Atmos Energy Corp.¹		3,216		261,525
Aqua America, Inc.¹		7,277		259,498
Edison International¹		3,320		257,864
PG&E Corp.¹		3,999		255,616
SCANA Corp.¹		3,357		253,991
Vectren Corp.¹		4,791		252,342
Public Service Enterprise Group, Inc.¹		5,400		251,694
MDU Resources Group, Inc.¹		10,456		250,944
Exelon Corp.¹		6,857		249,321
UGI Corp.¹		5,478		247,880
National Fuel Gas Co.¹		4,275		243,162
OGE Energy Corp.¹		7,133		233,606
Southern Co.¹		3,254		174,512
NiSource, Inc.¹		5,960		158,059
DTE Energy Co.¹		1,184		117,358
Sempra Energy¹		964		109,915
Total Utilities				4,103,753
Technology - 5.1%
Black Knight Financial Services, Inc. — Class A^*,1		6,530		245,528
Fiserv, Inc.^*,1		2,253		244,969
Jack Henry & Associates, Inc.¹		2,800		244,356
Amdocs Ltd.¹		4,200		242,424
Fidelity National Information Services, Inc.¹		3,200		235,776
Dun & Bradstreet Corp.¹		1,872		228,084
DST Systems, Inc.¹		1,956		227,737
Xerox Corp.¹		23,202		220,187
Paychex, Inc.¹		2,700		160,650
Tableau Software, Inc. — Class A^*,1		2,800		136,976
First Data Corp. — Class A^*,1		11,900		131,733
Teradata Corp.^*,1		1,913		47,959
Computer Sciences Corp.¹		426		21,151
Total Technology				2,387,530
Energy - 4.6%
Cheniere Energy, Inc.^*,1		6,535		245,390
Kinder Morgan, Inc.¹		12,903		241,544
Targa Resources Corp.¹		5,376		226,545
Ensco plc — Class A¹		22,672		220,144
HollyFrontier Corp.¹		8,864		210,697
Diamond Offshore Drilling, Inc.		8,147		198,217
Rowan Companies plc — Class A¹		10,898		192,459
CVR Energy, Inc.		11,976		185,628
Nabors Industries Ltd.¹		12,300		123,615
PBF Energy, Inc. — Class A¹		5,100		121,278
Superior Energy Services, Inc.¹		5,700		104,937
CONSOL Energy, Inc.¹		4,098		65,937
Total Energy				2,136,391
Consumer, Cyclical – 3.8%
Genuine Parts Co.¹		2,454		248,468
Choice Hotels International, Inc.¹		5,167		246,053
Hyatt Hotels Corp. — Class A^*,1		4,962		243,833
Extended Stay America, Inc.¹		16,195		242,115
LKQ Corp.^*,1		7,400		234,580
Dunkin' Brands Group, Inc.¹		5,297		231,055
Six Flags Entertainment Corp.¹		3,255		188,627
Nu Skin Enterprises, Inc. — Class A		2,700		124,713
Total Consumer, Cyclical				1,759,444

Long Short Equity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 87.3% (continued)
Communications - 2.8%
FactSet Research Systems, Inc.¹		1,501	$	242,292
Zayo Group Holdings, Inc.^*,1		8,652		241,651
Frontier Communications Corp.¹		46,302		228,732
Telephone & Data Systems, Inc.¹		6,977		206,938
FireEye, Inc.^*,1		11,956		196,915
CenturyLink, Inc.¹		5,614		162,862
Total Communications				1,279,390
Total Common Stocks
(Cost $38,548,751)				40,637,197

MUTUAL FUNDS^† - 4.5%
Guggenheim Strategy Fund I²		83,160		2,071,518
Guggenheim Strategy Fund II²		574		14,231
Total Mutual Funds
(Cost $2,090,516)				2,085,749

	Face Amount
REPURCHASE AGREEMENTS^††,3 - 5.9%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	1,481,719		1,481,719
Royal Bank of Canada issued 06/30/16 at 0.33% due 07/01/16		1,259,714		1,259,714
Total Repurchase Agreements
(Cost $2,741,433)				2,741,433
Total Investments - 97.7%
(Cost $43,380,700)			$	45,464,379

	Shares
COMMON STOCKS SOLD SHORT^† - (41.8)%
Utilities - (0.6)%
NRG Energy, Inc.		1,359	(20,371	)
Calpine Corp.^*		7,501	(110,640	)
AES Corp.		10,533	(131,452	)
Total Utilities			(262,463	)
Technology - (2.1)%
SS&C Technologies Holdings, Inc.		1,788	(50,207	)
Cerner Corp.^*		1,629	(95,459	)
NCR Corp.^*		3,857	(107,109	)
IPG Photonics Corp.^*		1,372	(109,760	)
HP, Inc.		8,771	(110,076	)
Apple, Inc.		1,160	(110,896	)
Broadcom Ltd.		734	(114,064	)
Hewlett Packard Enterprise Co.		6,344	(115,905	)
Lexmark International, Inc. — Class A		4,372	(165,043	)
Total Technology			(978,519	)
Basic Materials - (2.3)%
Eastman Chemical Co.		728	(49,431	)
Southern Copper Corp.		3,400	(91,732	)
Domtar Corp.		3,132	(109,651	)
PPG Industries, Inc.		1,060	(110,399	)
Compass Minerals International, Inc.		1,491	(110,617	)
International Flavors & Fragrances, Inc.		930	(117,245	)
Ecolab, Inc.		1,002	(118,837	)
NewMarket Corp.		288	(119,342	)
Praxair, Inc.		1,071	(120,370	)
Sherwin-Williams Co.		410	(120,405	)
Total Basic Materials			(1,068,029	)
Communications - (3.2)%
DISH Network Corp. — Class A^*		394	(20,646	)
Thomson Reuters Corp.		1,171	(47,332	)
Alphabet, Inc. — Class C^*		78	(53,984	)
CommScope Holding Company, Inc.^*		1,800	(55,854	)
Zillow Group, Inc. — Class A^*		1,944	(71,248	)
Facebook, Inc. — Class A^*		710	(81,139	)
Viacom, Inc. — Class B		2,525	(104,712	)
CDW Corp.		2,821	(113,066	)
GoDaddy, Inc. — Class A^*		3,636	(113,407	)
Time Warner, Inc.		1,576	(115,899	)
EchoStar Corp. — Class A^*		2,924	(116,083	)
eBay, Inc.^*		4,998	(117,003	)
Cisco Systems, Inc.		4,126	(118,375	)
Comcast Corp. — Class A		1,894	(123,469	)
Twitter, Inc.^*		7,410	(125,303	)
Starz — Class A^*		4,300	(128,656	)
Total Communications			(1,506,176	)
Energy - (4.5)%
WPX Energy, Inc.^*		657	(6,117	)
Dril-Quip, Inc.^*		390	(22,788	)
Rice Energy, Inc.^*		1,343	(29,600	)
Newfield Exploration Co.^*		962	(42,501	)
EOG Resources, Inc.		996	(83,086	)
Occidental Petroleum Corp.		1,199	(90,596	)
QEP Resources, Inc.		5,963	(105,128	)
Kosmos Energy Ltd.^*		20,650	(112,543	)
FMC Technologies, Inc.^*		4,316	(115,107	)
First Solar, Inc.^*		2,395	(116,110	)
Concho Resources, Inc.^*		997	(118,912	)
Gulfport Energy Corp.^*		3,805	(118,944	)
Apache Corp.		2,150	(119,691	)
Energen Corp.		2,486	(119,850	)
Diamondback Energy, Inc.^*		1,317	(120,124	)
Cimarex Energy Co.		1,020	(121,706	)
Equities Corp.		1,616	(125,127	)
Cabot Oil & Gas Corp. — Class A		4,892	(125,920	)
ONEOK, Inc.		2,655	(125,980	)
Continental Resources, Inc.^*		2,854	(129,200	)
Spectra Energy Corp.		3,651	(133,736	)
Total Energy			(2,082,766	)
Financial - (5.6)%
Cullen/Frost Bankers, Inc.		100	(6,373	)
Franklin Resources, Inc.		233	(7,775	)
OneMain Holdings, Inc.^*		355	(8,101	)
Navient Corp.		1,326	(15,846	)
LendingClub Corp.^*		15,766	(67,794	)
Ameriprise Financial, Inc.		835	(75,025	)
Synchrony Financial^*		3,868	(97,783	)
Jones Lang LaSalle, Inc.		1,010	(98,425	)
Lazard Ltd. — Class A		3,390	(100,954	)
Realogy Holdings Corp.^*		3,494	(101,396	)
CBRE Group, Inc. — Class A^*		3,909	(103,510	)

Long Short Equity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS SOLD SHORT^† - (41.8)% (continued)
Financial - (5.6)% (continued)
ETRADE Financial Corp.^		4,410	$	(103,591	)
Capital One Financial Corp.		1,648		(104,664	)
TCF Financial Corp.		8,360		(105,754	)
Air Lease Corp. — Class A		4,020		(107,656	)
American Express Co.		1,817		(110,401	)
People's United Financial, Inc.		7,553		(110,727	)
CIT Group, Inc.		3,480		(111,047	)
Citigroup, Inc.		2,620		(111,062	)
Discover Financial Services		2,087		(111,842	)
SEI Investments Co.		2,338		(112,481	)
Ally Financial, Inc.^*		6,609		(112,816	)
BlackRock, Inc. — Class A		330		(113,035	)
T. Rowe Price Group, Inc.		1,567		(114,344	)
Eaton Vance Corp.		3,263		(115,314	)
M&T Bank Corp.		1,000		(118,230	)
Howard Hughes Corp.^*		1,045		(119,464	)
Berkshire Hathaway, Inc. — Class B^*		845		(122,348	)
Total Financial				(2,587,758	)
Industrial - (5.7)%
Crown Holdings, Inc.^*		175		(8,867	)
Zebra Technologies Corp. — Class A^*		216		(10,822	)
CSX Corp.		1,170		(30,514	)
Donaldson Company, Inc.		2,394		(82,258	)
KBR, Inc.		6,663		(88,218	)
Ryder System, Inc.		1,732		(105,894	)
ITT, Inc.		3,322		(106,238	)
Old Dominion Freight Line, Inc.^*		1,815		(109,463	)
Deere & Co.		1,373		(111,268	)
AMETEK, Inc.		2,484		(114,835	)
Crane Co.		2,028		(115,028	)
Pentair plc		1,976		(115,181	)
Illinois Tool Works, Inc.		1,112		(115,826	)
Graco, Inc.		1,467		(115,878	)
Amphenol Corp. — Class A		2,022		(115,921	)
Ball Corp.		1,611		(116,459	)
AECOM^*		3,681		(116,945	)
J.B. Hunt Transport Services, Inc.		1,448		(117,187	)
Kansas City Southern		1,309		(117,928	)
AMERCO		317		(118,732	)
Dover Corp.		1,716		(118,953	)
Trinity Industries, Inc.		6,427		(119,349	)
Sealed Air Corp.		2,621		(120,487	)
Landstar System, Inc.		1,756		(120,566	)
TopBuild Corp.^*		3,333		(120,655	)
Union Pacific Corp.		1,385		(120,841	)
Total Industrial				(2,654,313	)
Consumer, Non-cyclical - (8.5)%
McKesson Corp.		78		(14,559	)
Universal Health Services, Inc. — Class B		157		(21,054	)
United Therapeutics Corp.^*		271		(28,704	)
Estee Lauder Companies, Inc. — Class A		421		(38,319	)
Gilead Sciences, Inc.		633		(52,805	)
Live Nation Entertainment, Inc.^*		3,220		(75,670	)
Biogen, Inc.^*		408		(98,663	)
Regeneron Pharmaceuticals, Inc.^*		300		(104,769	)
Aaron's, Inc.		4,838		(105,904	)
Vertex Pharmaceuticals, Inc.^*		1,250		(107,525	)
Akorn, Inc.^*		3,791		(107,987	)
Acadia Healthcare Company, Inc.^*		1,961		(108,639	)
Jazz Pharmaceuticals plc^*		771		(108,950	)
Celgene Corp.^*		1,113		(109,775	)
Mylan N.V.^*		2,582		(111,646	)
Mallinckrodt plc^*		1,843		(112,018	)
Allergan plc^*		486		(112,310	)
Incyte Corp.^*		1,406		(112,452	)
Amgen, Inc.		744		(113,200	)
Express Scripts Holding Co.^*		1,496		(113,397	)
Graham Holdings Co. — Class B		240		(117,490	)
Zoetis, Inc.		2,479		(117,653	)
Avis Budget Group, Inc.^*		3,660		(117,962	)
Service Corporation International		4,363		(117,976	)
AbbVie, Inc.		1,910		(118,248	)
Bristol-Myers Squibb Co.		1,610		(118,416	)
Henry Schein, Inc.^*		674		(119,163	)
Aramark		3,590		(119,978	)
DaVita HealthCare Partners, Inc.^*		1,558		(120,465	)
ServiceMaster Global Holdings, Inc.^*		3,027		(120,474	)
Pfizer, Inc.		3,430		(120,770	)
Merck & Company, Inc.		2,100		(120,981	)
VCA, Inc.^*		1,822		(123,185	)
AmerisourceBergen Corp. — Class A		1,568		(124,373	)
Johnson & Johnson		1,030		(124,939	)
Eli Lilly & Co.		1,600		(125,999	)
MEDNAX, Inc.^*		1,757		(127,260	)
H&R Block, Inc.		5,560		(127,880	)
Total Consumer, Non-cyclical				(3,941,558	)
Consumer, Cyclical - (9.3)%
Harman International Industries, Inc.		560		(40,219	)
Foot Locker, Inc.		759		(41,639	)
World Fuel Services Corp.		1,674		(79,498	)
Fossil Group, Inc.^*		2,906		(82,908	)
Hanesbrands, Inc.		3,919		(98,484	)
Toro Co.		1,145		(100,989	)
Delta Air Lines, Inc.		2,904		(105,793	)
Alaska Air Group, Inc.		1,840		(107,254	)
Tempur Sealy International, Inc.^*		1,956		(108,206	)
American Airlines Group, Inc.		3,837		(108,625	)
United Continental Holdings, Inc.^*		2,690		(110,398	)
JetBlue Airways Corp.^*		6,679		(110,604	)
GNC Holdings, Inc. — Class A		4,561		(110,787	)
Southwest Airlines Co.		2,869		(112,493	)
MSC Industrial Direct Company, Inc. — Class A		1,599		(112,825	)
Ford Motor Co.		9,100		(114,387	)
Nordstrom, Inc.		3,011		(114,569	)

Long Short Equity Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS SOLD SHORT^† - (41.8)% (continued)
Consumer, cyclical - (9.3)% (continued)
AutoNation, Inc.^*		2,440	$	(114,631	)
Tupperware Brands Corp.		2,071		(116,556	)
Macy's, Inc.		3,499		(117,601	)
Ross Stores, Inc.		2,078		(117,802	)
Home Depot, Inc.		923		(117,858	)
Allison Transmission Holdings, Inc.		4,184		(118,114	)
Scotts Miracle-Gro Co. — Class A		1,697		(118,637	)
Cabela's, Inc.^*		2,380		(119,143	)
Harley-Davidson, Inc.		2,632		(119,230	)
Dillard's, Inc. — Class A		1,975		(119,685	)
Michael Kors Holdings Ltd.^*		2,419		(119,693	)
HD Supply Holdings, Inc.^*		3,439		(119,746	)
Leggett & Platt, Inc.		2,366		(120,926	)
Newell Brands, Inc.		2,490		(120,939	)
Target Corp.		1,743		(121,696	)
Kohl's Corp.		3,212		(121,799	)
TJX Companies, Inc.		1,580		(122,023	)
Dollar General Corp.		1,320		(124,080	)
Dollar Tree, Inc.^*		1,323		(124,680	)
Spirit Airlines, Inc.^*		2,801		(125,682	)
J.C. Penney Company, Inc.^*		14,180		(125,918	)
Advance Auto Parts, Inc.		790		(127,688	)
Total Consumer, Cyclical				(4,313,805	)
Total Common Stocks Sold Short
(Proceeds $19,900,730)				(19,395,387	)
Total Securities Sold Short- (41.8)%
(Proceeds $19,900,730)			$	(19,395,387	)
Other Assets & Liabilities, net - 44.1%				20,535,556
Total Net Assets - 100.0%			$	46,604,548

	Contracts		Unrealized Loss
EQUITY FUTURES CONTRACTS SOLD SHORT^†
September 2016 S&P 500 Index Mini Futures Contracts (Aggregate Value of Contracts $1,148,400)		11	$	(21,462	)

*	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 June 30, 2016.
²	Affiliated issuer — See Note 5.
³	Repurchase Agreements — See Note 4.
	plc — Public Limited Company REIT — Real Estate Investment Trust

See Sector Classification in Other Information section.

Investments in Securities (Assets)	Level 1		Level 1 - Other*		Level 2		Level 3		Total
Common Stocks	$	40,637,197	$	—	$	—	$	—	$	40,637,197
Mutual Funds		2,085,749		—		—		—		2,085,749
Repurchase Agreements		—		—		2,741,433		—		2,741,433
Total	$	42,722,946	$	—	$	2,741,433	$	—	$	45,464,379

Investments in Securities (Liabilities)	Level 1		Level 1 - Other*		Level 2		Level 3		Total
Common Stocks	$	19,395,387	$	—	$	—	$	—	$	19,395,387
Equity Futures Contracts		—		21,462		—		—		21,462
Total	$	19,395,387	$	21,462	$	—	$	—	$	19,416,849

Mid-Cap 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 67.1%
Financial - 17.4%
Duke Realty Corp.		3,139	$	83,687
Alleghany Corp.^*		140		76,941
Regency Centers Corp.		886		74,184
Mid-America Apartment Communities, Inc.		685		72,885
Everest Re Group Ltd.		384		70,145
Camden Property Trust		789		69,763
Alexandria Real Estate Equities, Inc.		670		69,359
National Retail Properties, Inc.		1,307		67,598
New York Community Bancorp, Inc.		4,419		66,240
American Campus Communities, Inc.		1,184		62,598
Signature Bank^*		487		60,837
SEI Investments Co.		1,235		59,416
Reinsurance Group of America, Inc. — Class A		581		56,351
Raymond James Financial, Inc.		1,143		56,350
Kilroy Realty Corp.		836		55,418
WR Berkley Corp.		890		53,329
Liberty Property Trust		1,330		52,828
Omega Healthcare Investors, Inc.		1,503		51,026
Lamar Advertising Co. — Class A		748		49,592
CBOE Holdings, Inc.		739		49,232
American Financial Group, Inc.		645		47,685
Highwoods Properties, Inc.		884		46,675
EPR Properties		577		46,552
RenaissanceRe Holdings Ltd.		391		45,919
Douglas Emmett, Inc.		1,274		45,252
Senior Housing Properties Trust		2,155		44,889
SVB Financial Group^*		470		44,726
East West Bancorp, Inc.		1,308		44,707
Sovran Self Storage, Inc.		421		44,171
Weingarten Realty Investors		1,047		42,738
Old Republic International Corp.		2,212		42,669
PacWest Bancorp		1,039		41,331
Taubman Centers, Inc.		548		40,662
First American Financial Corp.		994		39,979
Jones Lang LaSalle, Inc.		409		39,857
Hospitality Properties Trust		1,375		39,600
Brown & Brown, Inc.		1,055		39,531
DCT Industrial Trust, Inc.		803		38,576
Endurance Specialty Holdings Ltd.		562		37,744
Corrections Corporation of America		1,066		37,331
Eaton Vance Corp.		1,029		36,365
Commerce Bancshares, Inc.		753		36,069
Healthcare Realty Trust, Inc.		1,024		35,830
Communications Sales & Leasing, Inc.		1,238		35,778
Tanger Factory Outlet Centers, Inc.		862		34,635
Synovus Financial Corp.		1,139		33,020
Hanover Insurance Group, Inc.		390		33,002
Medical Properties Trust, Inc.		2,158		32,823
PrivateBancorp, Inc. — Class A		720		31,702
Cullen/Frost Bankers, Inc.		495		31,546
First Niagara Financial Group, Inc.		3,209		31,256
CoreLogic, Inc.^*		806		31,015
Umpqua Holdings Corp.		2,000		30,940
FirstMerit Corp.		1,511		30,628
Prosperity Bancshares, Inc.		593		30,237
Post Properties, Inc.		485		29,609
First Industrial Realty Trust, Inc.		1,060		29,489
Rayonier, Inc.		1,112		29,179
First Horizon National Corp.		2,110		29,076
CNO Financial Group, Inc.		1,625		28,373
Webster Financial Corp.		832		28,246
Bank of the Ozarks, Inc.		741		27,802
Education Realty Trust, Inc.		599		27,638
Bank of Hawaii Corp.		391		26,901
Equity One, Inc.		825		26,549
Aspen Insurance Holdings Ltd.		551		25,555
Corporate Office Properties Trust		859		25,401
Urban Edge Properties		839		25,053
Federated Investors, Inc. — Class B		859		24,722
Primerica, Inc.		427		24,441
LaSalle Hotel Properties		1,026		24,193
SLM Corp.^*		3,883		23,997
FNB Corp.		1,893		23,738
Associated Banc-Corp.		1,362		23,358
Mack-Cali Realty Corp.		813		21,951
Fulton Financial Corp.		1,574		21,249
Washington Federal, Inc.		826		20,039
Care Capital Properties, Inc.		762		19,972
TCF Financial Corp.		1,552		19,633
Stifel Financial Corp.^*		603		18,964
WP GLIMCHER, Inc.		1,681		18,810
Cathay General Bancorp		665		18,753
Valley National Bancorp		2,031		18,523
Janus Capital Group, Inc.		1,323		18,416
Hancock Holding Co.		703		18,355
Mercury General Corp.		331		17,596
BancorpSouth, Inc.		771		17,494
Trustmark Corp.		614		15,258
Alexander & Baldwin, Inc.		418		15,107
Kemper Corp.		436		13,507
International Bancshares Corp.		503		13,123
Waddell & Reed Financial, Inc. — Class A		739		12,726
Potlatch Corp.		369		12,583
Genworth Financial, Inc. — Class A^*		4,523		11,669
WisdomTree Investments, Inc.		1,028		10,064
Total Financial				3,460,331
Industrial - 11.2%
Mettler-Toledo International, Inc.^*		243		88,676
Huntington Ingalls Industries, Inc.		427		71,749
Carlisle Companies, Inc.		582		61,506
AO Smith Corp.		675		59,475

Mid-Cap 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 67.1% (continued)
Industrial - 11.2% (continued)
Wabtec Corp.		818	$	57,447
Packaging Corporation of America		854		57,158
IDEX Corp.		689		56,567
Trimble Navigation Ltd.^*		2,278		55,493
Arrow Electronics, Inc.^*		831		51,439
Lennox International, Inc.		352		50,195
Hubbell, Inc.		472		49,782
Avnet, Inc.		1,166		47,235
Sonoco Products Co.		914		45,389
AptarGroup, Inc.		573		45,342
Orbital ATK, Inc.		531		45,208
Keysight Technologies, Inc.^*		1,545		44,944
Bemis Company, Inc.		859		44,230
AECOM^*		1,392		44,225
B/E Aerospace, Inc.		927		42,804
Nordson Corp.		487		40,718
Gentex Corp.		2,621		40,494
Graco, Inc.		505		39,890
FEI Co.		371		39,652
Donaldson Company, Inc.		1,122		38,552
Old Dominion Freight Line, Inc.^*		621		37,453
Curtiss-Wright Corp.		404		34,037
Eagle Materials, Inc.		438		33,792
Lincoln Electric Holdings, Inc.		568		33,557
Cognex Corp.		772		33,273
Jabil Circuit, Inc.		1,735		32,045
Oshkosh Corp.		666		31,775
Teledyne Technologies, Inc.^*		313		31,003
Genesee & Wyoming, Inc. — Class A^*		519		30,595
Kirby Corp.^*		489		30,509
AGCO Corp.		644		30,352
Energizer Holdings, Inc.		561		28,886
Woodward, Inc.		499		28,762
Valmont Industries, Inc.		206		27,866
EMCOR Group, Inc.		555		27,339
CLARCOR, Inc.		440		26,765
Landstar System, Inc.		384		26,365
ITT, Inc.		818		26,160
Crane Co.		450		25,524
Trinity Industries, Inc.		1,368		25,404
National Instruments Corp.		915		25,071
Clean Harbors, Inc.^*		475		24,752
Zebra Technologies Corp. — Class A^*		474		23,747
Belden, Inc.		382		23,061
Tech Data Corp.^*		319		22,920
Louisiana-Pacific Corp.^*		1,304		22,624
Regal Beloit Corp.		406		22,350
Terex Corp.		991		20,127
Timken Co.		625		19,163
Silgan Holdings, Inc.		368		18,937
Joy Global, Inc.		890		18,815
KBR, Inc.		1,292		17,106
Esterline Technologies Corp.^*		266		16,503
Granite Construction, Inc.		359		16,352
GATX Corp.		371		16,313
Kennametal, Inc.		723		15,986
Triumph Group, Inc.		449		15,940
Vishay Intertechnology, Inc.		1,230		15,239
MSA Safety, Inc.		289		15,181
KLX, Inc.^*		478		14,818
Knowles Corp.^*		804		10,999
Werner Enterprises, Inc.		405		9,303
Greif, Inc. — Class A		234		8,721
Total Industrial				2,233,660
Consumer, Non-cyclical - 10.7%
Ingredion, Inc.		653		84,505
ResMed, Inc.		1,274		80,554
Cooper Companies, Inc.		440		75,491
IDEXX Laboratories, Inc.^*		812		75,402
WhiteWave Foods Co. — Class A^*		1,605		75,338
Gartner, Inc.^*		749		72,960
Teleflex, Inc.		396		70,215
MEDNAX, Inc.^*		844		61,131
STERIS plc		780		53,625
Align Technology, Inc.^*		662		53,324
TreeHouse Foods, Inc.^*		512		52,557
West Pharmaceutical Services, Inc.		663		50,308
MarketAxess Holdings, Inc.		341		49,581
VCA, Inc.^*		733		49,558
Post Holdings, Inc.^*		584		48,291
Service Corporation International		1,758		47,537
Hain Celestial Group, Inc.^*		939		46,715
Edgewell Personal Care Co.^*		539		45,497
WellCare Health Plans, Inc.^*		402		43,126
United Therapeutics Corp.^*		405		42,898
ManpowerGroup, Inc.		649		41,757
ABIOMED, Inc.^*		357		39,017
Bio-Techne Corp.		338		38,117
Amsurg Corp. — Class A^*		491		38,072
Charles River Laboratories International, Inc.^*		428		35,284
RR Donnelley & Sons Co.		1,900		32,148
Live Nation Entertainment, Inc.^*		1,326		31,161
WEX, Inc.^*		351		31,123
Flowers Foods, Inc.		1,652		30,975
PAREXEL International Corp.^*		480		30,182
Deluxe Corp.		444		29,468
Sprouts Farmers Market, Inc.^*		1,286		29,450
Bio-Rad Laboratories, Inc. — Class A^*		189		27,031
Prestige Brands Holdings, Inc.^*		479		26,537
Hill-Rom Holdings, Inc.		516		26,032
Helen of Troy Ltd.^*		252		25,916
LifePoint Health, Inc.^*		394		25,756
Rollins, Inc.		853		24,967
Tenet Healthcare Corp.^*		901		24,904
Snyder's-Lance, Inc.		722		24,469
Lancaster Colony Corp.		177		22,587
Catalent, Inc.^*		973		22,369
Akorn, Inc.^*		759		21,620
United Natural Foods, Inc.^*		457		21,388
Owens & Minor, Inc.		570		21,307
LivaNova plc^*		387		19,439
Graham Holdings Co. — Class B		39		19,092

Mid-Cap 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 67.1% (continued)
Consumer, Non-cyclical - 10.7% (continued)
Molina Healthcare, Inc.^*		375	$	18,713
CEB, Inc.		292		18,010
FTI Consulting, Inc.^*		376		15,296
Dean Foods Co.		833		15,069
Avon Products, Inc.		3,958		14,961
Boston Beer Company, Inc. — Class A^*		85		14,538
Halyard Health, Inc.^*		423		13,756
Sotheby's		473		12,960
Aaron's, Inc.		587		12,849
Community Health Systems, Inc.^*		1,023		12,327
SUPERVALU, Inc.^*		2,410		11,375
DeVry Education Group, Inc.		512		9,134
Tootsie Roll Industries, Inc.		163		6,280
Total Consumer, Non-cyclical				2,114,049
Consumer, Cyclical - 8.2%
Domino's Pizza, Inc.		455		59,778
NVR, Inc.^*		33		58,751
Carter's, Inc.		461		49,083
JetBlue Airways Corp.^*		2,923		48,405
Ingram Micro, Inc. — Class A		1,346		46,814
Casey's General Stores, Inc.		354		46,554
Polaris Industries, Inc.		545		44,560
Copart, Inc.^*		903		44,256
Toro Co.		499		44,012
Panera Bread Co. — Class A^*		207		43,872
Williams-Sonoma, Inc.		746		38,889
Brunswick Corp.		822		37,253
Toll Brothers, Inc.^*		1,384		37,243
Cracker Barrel Old Country Store, Inc.		217		37,209
Dick's Sporting Goods, Inc.		809		36,453
Dunkin' Brands Group, Inc.		832		36,292
Pool Corp.		382		35,919
Skechers U.S.A., Inc. — Class A^*		1,206		35,843
Cinemark Holdings, Inc.		959		34,966
Watsco, Inc.		234		32,922
MSC Industrial Direct Company, Inc. — Class A		436		30,764
Tempur Sealy International, Inc.^*		553		30,592
World Fuel Services Corp.		643		30,536
CST Brands, Inc.		687		29,596
Scotts Miracle-Gro Co. — Class A		411		28,733
Thor Industries, Inc.		414		26,802
DreamWorks Animation SKG, Inc. — Class A^*		651		26,606
Vista Outdoor, Inc.^*		551		26,299
Texas Roadhouse, Inc. — Class A		574		26,174
Tupperware Brands Corp.		458		25,776
Jack in the Box, Inc.		295		25,346
GameStop Corp. — Class A		943		25,065
CalAtlantic Group, Inc.		677		24,853
J.C. Penney Company, Inc.^*		2,790		24,775
American Eagle Outfitters, Inc.		1,510		24,054
Kate Spade & Co.^*		1,161		23,928
Buffalo Wild Wings, Inc.^*		171		23,760
Brinker International, Inc.		506		23,038
Cabela's, Inc.^*		440		22,026
Big Lots, Inc.		403		20,194
Cheesecake Factory, Inc.		405		19,497
HNI Corp.		403		18,736
Wendy's Co.		1,935		18,615
Deckers Outdoor Corp.^*		291		16,738
Herman Miller, Inc.		543		16,230
TRI Pointe Group, Inc.^*		1,323		15,638
Office Depot, Inc.^*		4,492		14,869
Dana Holding Corp.		1,342		14,172
HSN, Inc.		289		14,141
Churchill Downs, Inc.		109		13,773
Chico's FAS, Inc.		1,203		12,884
KB Home		758		11,529
Abercrombie & Fitch Co. — Class A		613		10,918
Ascena Retail Group, Inc.^*		1,550		10,835
Fossil Group, Inc.^*		375		10,699
Restoration Hardware Holdings, Inc.^*		343		9,837
Guess?, Inc.		581		8,744
International Speedway Corp. — Class A		241		8,061
Total Consumer, Cyclical				1,613,907
Technology - 7.8%
CDK Global, Inc.		1,409		78,186
Synopsys, Inc.^*		1,378		74,522
ANSYS, Inc.^*		799		72,509
Broadridge Financial Solutions, Inc.		1,073		69,959
Cadence Design Systems, Inc.^*		2,730		66,339
Jack Henry & Associates, Inc.		716		62,485
Computer Sciences Corp.		1,258		62,460
MSCI, Inc. — Class A		788		60,771
Ultimate Software Group, Inc.^*		262		55,096
Tyler Technologies, Inc.^*		295		49,179
Manhattan Associates, Inc.^*		655		42,005
Fortinet, Inc.^*		1,324		41,825
PTC, Inc.^*		1,040		39,083
Brocade Communications Systems, Inc.		4,235		38,877
Teradyne, Inc.		1,844		36,308
Microsemi Corp.^*		1,026		33,530
DST Systems, Inc.		283		32,950
MAXIMUS, Inc.		589		32,612
Fair Isaac Corp.		283		31,982
NCR Corp.^*		1,124		31,213
Advanced Micro Devices, Inc.^*		5,832		29,976
Cypress Semiconductor Corp.		2,829		29,846
Leidos Holdings, Inc.		587		28,100
IPG Photonics Corp.^*		332		26,560
j2 Global, Inc.		420		26,531
SYNNEX Corp.		263		24,938
Integrated Device Technology, Inc.^*		1,213		24,418
Cree, Inc.^*		911		22,265
Convergys Corp.		875		21,875

Mid-Cap 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 67.1% (continued)
Technology - 7.8% (continued)
Science Applications International Corp.		373	$	21,765
Allscripts Healthcare Solutions, Inc.^*		1,697		21,552
Lexmark International, Inc. — Class A		568		21,442
ACI Worldwide, Inc.^*		1,058		20,642
Fairchild Semiconductor International, Inc. — Class A^*		1,031		20,465
Rackspace Hosting, Inc.^*		970		20,234
Mentor Graphics Corp.		912		19,389
NetScout Systems, Inc.^*		851		18,935
VeriFone Systems, Inc.^*		1,000		18,540
Synaptics, Inc.^*		334		17,953
Silicon Laboratories, Inc.^*		352		17,156
Intersil Corp. — Class A		1,225		16,587
CommVault Systems, Inc.^*		373		16,110
Acxiom Corp.^*		703		15,459
Diebold, Inc.		591		14,675
3D Systems Corp.^*		966		13,225
Total Technology				1,540,529
Utilities - 4.1%
Atmos Energy Corp.		928		75,465
Westar Energy, Inc.		1,286		72,132
UGI Corp.		1,567		70,907
OGE Energy Corp.		1,812		59,343
Aqua America, Inc.		1,609		57,377
National Fuel Gas Co.		771		43,854
Great Plains Energy, Inc.		1,402		42,621
MDU Resources Group, Inc.		1,772		42,528
Questar Corp.		1,592		40,389
Vectren Corp.		751		39,555
IDACORP, Inc.		457		37,177
Southwest Gas Corp.		434		34,160
WGL Holdings, Inc.		457		32,351
Hawaiian Electric Industries, Inc.		979		32,101
ONE Gas, Inc.		473		31,497
New Jersey Resources Corp.		781		30,108
Black Hills Corp.		468		29,503
PNM Resources, Inc.		723		25,623
Talen Energy Corp.^*		583		7,900
Total Utilities				804,591
Basic Materials - 3.3%
Valspar Corp.		662		71,516
Ashland, Inc.		563		64,615
RPM International, Inc.		1,205		60,190
Steel Dynamics, Inc.		2,210		54,146
Reliance Steel & Aluminum Co.		656		50,446
Royal Gold, Inc.		592		42,636
NewMarket Corp.		90		37,294
Olin Corp.		1,499		37,235
Sensient Technologies Corp.		407		28,913
PolyOne Corp.		763		26,888
Cabot Corp.		566		25,844
Compass Minerals International, Inc.		307		22,776
United States Steel Corp.		1,329		22,407
Domtar Corp.		568		19,886
Minerals Technologies, Inc.		316		17,949
Commercial Metals Co.		1,039		17,559
Worthington Industries, Inc.		408		17,258
Carpenter Technology Corp.		423		13,929
Allegheny Technologies, Inc.		988		12,597
Total Basic Materials				644,084
Energy - 2.5%
Energen Corp.		881		42,473
HollyFrontier Corp.		1,595		37,913
QEP Resources, Inc.		2,148		37,869
Gulfport Energy Corp.^*		1,137		35,542
CONSOL Energy, Inc.		2,081		33,483
Patterson-UTI Energy, Inc.		1,337		28,504
Oceaneering International, Inc.		890		26,576
Ensco plc — Class A		2,734		26,547
Nabors Industries Ltd.		2,558		25,708
Superior Energy Services, Inc.		1,374		25,295
Murphy USA, Inc.^*		336		24,918
WPX Energy, Inc.^*		2,515		23,415
Dril-Quip, Inc.^*		344		20,100
Rowan Companies plc — Class A		1,138		20,097
Noble Corporation plc		2,207		18,186
NOW, Inc.^*		975		17,687
SM Energy Co.		618		16,686
Oil States International, Inc.^*		466		15,322
Western Refining, Inc.		728		15,019
Denbury Resources, Inc.		3,181		11,420
Total Energy				502,760
Communications - 1.9%
FactSet Research Systems, Inc.		371		59,887
AMC Networks, Inc. — Class A^*		555		33,533
ARRIS International plc^*		1,585		33,221
ViaSat, Inc.^*		409		29,203
Telephone & Data Systems, Inc.		859		25,478
John Wiley & Sons, Inc. — Class A		438		22,855
Ciena Corp.^*		1,173		21,994
Cable One, Inc.		40		20,456
WebMD Health Corp. — Class A^*		351		20,396
Meredith Corp.		341		17,701
InterDigital, Inc.		314		17,484
Time, Inc.		923		15,193
Polycom, Inc.^*		1,231		13,849
New York Times Co. — Class A		1,119		13,540
Plantronics, Inc.		302		13,288
NeuStar, Inc. — Class A^*		493		11,590
comScore, Inc.^*		427		10,197
Total Communications				379,865
Total Common Stocks
(Cost $12,309,443)				13,293,776

MUTUAL FUNDS^† - 8.8%
Guggenheim Strategy Fund I¹		35,019		872,329
Guggenheim Strategy Fund II¹		35,141		871,852
Total Mutual Funds
(Cost $1,739,378)				1,744,181

Mid-Cap 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Face Amount		Value
REPURCHASE AGREEMENTS^††,2 - 7.6%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	605,380	$	605,380
Royal Bank of Canada issued 06/30/16 at 0.33% due 07/01/16		514,675		514,675
UMB Financial Corp. issued 06/30/16 at 0.26% due 07/01/16³		392,262		392,262
Total Repurchase Agreements
(Cost $1,512,317)				1,512,317
Total Investments - 83.5%
(Cost $15,561,138)			$	16,550,274
Other Assets & Liabilities, net - 16.5%				3,249,618
Total Net Assets - 100.0%			$	19,799,892

	Contracts		Unrealized Gain
EQUITY FUTURES CONTRACTS PURCHASED^†
September 2016 S&P MidCap 400 Index Mini Futures Contracts (Aggregate Value of Contracts $2,984,800)		20	$	5,827

	Units
OTC EQUITY INDEX SWAP AGREEMENTS^††
Barclays Bank plc July 2016 S&P MidCap 400 Index Swap 0.44%⁴, Terminating 07/29/16 (Notional Value $8,862,472)		5,922	$	167,587
Credit Suisse Capital, LLC July 2016 S&P MidCap 400 Index Swap 0.45%⁴, Terminating 07/26/16 (Notional Value $2,520,044)		1,684		135,842
Goldman Sachs International July 2016 S&P MidCap 400 Index Swap 0.44%⁴, Terminating 07/27/16 (Notional Value $1,905,171)		1,273		102,704
(Total Notional Value $13,287,687)			$	406,133

*	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	Affiliated issuer — See Note 5.
²	Repurchase Agreements — See Note 4.
³	All or a portion of this security is pledged as equity index swap collateral at June 30, 2016.
⁴	Total Return based on S&P MidCap 400 Index +/- financing at a variable rate. Rate indicated is the rate effective at June 30, 2016.
	ADR — American Depositary Receipt plc — Public Limited Company

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 1 - Other*		Level 2		Level 2 - Other*		Level 3		Total
Common Stocks	$	13,293,776	$	—	$	—	$	—	$	—	$	13,293,776
Equity Futures Contracts		—		5,827		—		—		—		5,827
Equity Index Swap Agreements		—		—		—		406,132		—		406,132
Mutual Funds		1,744,181		—		—		—		—		1,744,181
Repurchase Agreements		—		—		1,512,317		—		—		1,512,317
Total	$	15,037,957	$	5,827	$	1,512,317	$	406,132	$	—	$	16,962,233
* Other financial instruments include futures contacts and/or swaps, which are reported as unrealized gain/loss at period end.

For the period ended June 30, 2016, there were no transfers between levels.

Monthly Rebalance Nasdaq-100 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 65.2%
Communications - 24.0%
Amazon.com, Inc.^*		280	$	200,374
Facebook, Inc. — Class A^*		1,371		156,678
Alphabet, Inc. — Class C^*		204		141,189
Alphabet, Inc. — Class A^*		174		122,414
Comcast Corp. — Class A		1,434		93,483
Cisco Systems, Inc.		2,983		85,582
Charter Communications, Inc. — Class A^*		160		36,582
Priceline Group, Inc.^*		29		36,204
Baidu, Inc. ADR^*		163		26,919
Netflix, Inc.^*		254		23,236
Yahoo!, Inc.^*		563		21,146
T-Mobile US, Inc.^*		488		21,115
Twenty-First Century Fox, Inc. — Class A		650		17,582
eBay, Inc.^*		681		15,942
Twenty-First Century Fox, Inc. — Class B		474		12,917
Sirius XM Holdings, Inc.^*		2,941		11,617
JD.com, Inc. ADR^*		539		11,443
Liberty Global plc^*		388		11,116
Ctrip.com International Ltd. ADR^*		221		9,105
Expedia, Inc.		81		8,610
Viacom, Inc. — Class B		206		8,543
Symantec Corp.		363		7,456
Vodafone Group plc ADR		230		7,105
DISH Network Corp. — Class A^*		134		7,022
TripAdvisor, Inc.^*		79		5,080
Liberty Global plc — Class A^*		169		4,911
Discovery Communications, Inc. — Class C^*		148		3,530
Liberty Ventures^*		80		2,966
Discovery Communications, Inc. — Class A^*		89		2,245
Liberty Global plc LiLAC — Class C^*		48		1,573
Liberty Global plc LiLAC — Class A^*		21		680
Total Communications				1,114,365
Technology - 22.7%
Apple, Inc.		3,249		310,603
Microsoft Corp.		4,662		238,555
Intel Corp.		2,801		91,873
QUALCOMM, Inc.		871		46,660
Texas Instruments, Inc.		596		37,339
Broadcom Ltd.		232		36,053
Adobe Systems, Inc.^*		297		28,450
Cognizant Technology Solutions Corp. — Class A^*		359		20,549
Activision Blizzard, Inc.		438		17,358
Intuit, Inc.		152		16,965
NXP Semiconductor N.V.^*		203		15,903
Applied Materials, Inc.		646		15,484
NVIDIA Corp.		317		14,902
Fiserv, Inc.^*		132		14,352
Electronic Arts, Inc.^*		179		13,561
Paychex, Inc.		214		12,733
Cerner Corp.^*		201		11,779
Analog Devices, Inc.		182		10,308
NetEase, Inc. ADR		45		8,695
Micron Technology, Inc.^*		615		8,462
Check Point Software Technologies Ltd.^*		102		8,127
CA, Inc.		247		8,109
Lam Research Corp.		95		7,986
Western Digital Corp.		167		7,892
Citrix Systems, Inc.^*		92		7,368
Autodesk, Inc.^*		133		7,201
Skyworks Solutions, Inc.		113		7,151
Xilinx, Inc.		150		6,920
Linear Technology Corp.		142		6,607
Maxim Integrated Products, Inc.		169		6,032
Akamai Technologies, Inc.^*		104		5,817
Seagate Technology plc		177		4,312
NetApp, Inc.		171		4,205
Total Technology				1,058,311
Consumer, Non-cyclical - 11.9%
Amgen, Inc.		446		67,858
Gilead Sciences, Inc.		790		65,902
Kraft Heinz Co.		721		63,794
Celgene Corp.^*		459		45,271
Mondelez International, Inc. — Class A		921		41,915
Biogen, Inc.^*		130		31,437
Express Scripts Holding Co.^*		375		28,425
PayPal Holdings, Inc.^*		719		26,251
Automatic Data Processing, Inc.		270		24,805
Regeneron Pharmaceuticals, Inc.^*		61		21,303
Monster Beverage Corp.^*		120		19,285
Alexion Pharmaceuticals, Inc.^*		133		15,529
Intuitive Surgical, Inc.^*		23		15,212
Mylan N.V.^*		302		13,058
Vertex Pharmaceuticals, Inc.^*		147		12,645
Illumina, Inc.^*		87		12,213
Incyte Corp.^*		111		8,878
Henry Schein, Inc.^*		49		8,663
DENTSPLY SIRONA, Inc.		139		8,624
Verisk Analytics, Inc. — Class A^*		100		8,108
BioMarin Pharmaceutical, Inc.^*		96		7,469
Whole Foods Market, Inc.		190		6,084
Endo International plc^*		132		2,058
Total Consumer, Non-cyclical				554,787
Consumer, Cyclical - 6.0%
Walgreens Boots Alliance, Inc.		641		53,376
Starbucks Corp.		869		49,637
Costco Wholesale Corp.		260		40,831
Tesla Motors, Inc.^*		88		18,681
O'Reilly Automotive, Inc.^*		57		15,453
Ross Stores, Inc.		238		13,492
Dollar Tree, Inc.^*		140		13,194
PACCAR, Inc.		208		10,789
Marriott International, Inc. — Class A		151		10,035
American Airlines Group, Inc.		343		9,710
Ulta Salon Cosmetics & Fragrance, Inc.^*		37		9,015

Monthly Rebalance Nasdaq-100 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 65.2% (continued)
Consumer, Cyclical - 6.0% (continued)
Fastenal Co.		171	$	7,591
Tractor Supply Co.		79		7,203
Liberty Interactive Corporation QVC Group — Class A^*		268		6,799
Mattel, Inc.		202		6,321
Norwegian Cruise Line Holdings Ltd.^*		135		5,378
Bed Bath & Beyond, Inc.		92		3,976
Total Consumer, Cyclical				281,481
Industrial - 0.6%
CSX Corp.		567		14,787
SBA Communications Corp. — Class A^*		74		7,988
Stericycle, Inc.^*		50		5,206
Total Industrial				27,981
Total Common Stocks
(Cost $2,968,633)				3,036,925

MUTUAL FUNDS^† - 8.3%
Guggenheim Strategy Fund I¹		7,722		192,344
Guggenheim Strategy Fund II¹		7,748		192,224
Total Mutual Funds
(Cost $383,870)				384,568

	Face Amount
REPURCHASE AGREEMENTS^††,2 - 1.7%
UMB Financial Corp. issued 06/30/16 at 0.26% due 07/01/16³	$	80,889		80,889
Total Repurchase Agreements
(Cost $80,889)				80,889
Total Investments - 75.2%
(Cost $3,433,392)			$	3,502,382
Other Assets & Liabilities, net - 24.8%				1,154,384
Total Net Assets - 100.0%			$	4,656,766

	Contracts		Unrealized Gain (Loss)
EQUITY FUTURES CONTRACTS PURCHASED^†
September 2016 NASDAQ-100 Index Mini Futures Contracts (Aggregate Value of Contracts $704,920)		8	$	(1,514	)

	Units
OTC EQUITY INDEX SWAP AGREEMENTS^††
Barclays Bank plc July 2016 NASDAQ-100 Index Swap 0.44%⁴, Terminating 07/29/16 (Notional Value $4,958,978)		1,123	$	59,350
Goldman Sachs International July 2016 NASDAQ-100 Index Swap 0.44%⁴, Terminating 07/26/16 (Notional Value $585,642)		133		28,733
(Total Notional Value $5,544,620)			$	88,083

*	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	Affiliated issuer — See Note 5.
²	Repurchase Agreement — See Note 4.
³	All or a portion of this security is pledged as equity index swap collateral at June 30, 2016.
⁴	Total Return based on NASDAQ-100 Index +/- financing at a variable rate. Rate indicated is rate effective at June 30, 2016.
	ADR — American Depositary Receipt plc — Public Limited Company

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 1 - Other*		Level 2		Level 2 - Other*		Level 3		Total
Common Stocks	$	3,036,925	$	—	$	—	$	—	$	—	$	3,036,925
Equity Index Swap Agreements		—		—		—		88,083		—		88,083
Mutual Funds		384,568		—		—		—		—		384,568
Repurchase Agreements		—		—		80,889		—		—		80,889
Total	$	3,421,493	$	—	$	80,889	$	88,083	$	—	$	3,590,465

Investments in Securities (Liabilities)	Level 1		Level 1 - Other*		Level 2		Level 2 - Other*		Level 3		Total
Equity Futures Contracts	$	—	$	1,514	$	—	$	—	$	—	$	1,514

* Other financial instruments include futures contracts and/or swaps, which are reported as unrealized gain/loss at period end.

For the period ended June 30, 2016, there were no transfers between levels.

NASDAQ-100^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 78.8%
Communications - 28.9%
Amazon.com, Inc.^*		54,109	$	38,721,482
Facebook, Inc. — Class A^*		265,122		30,298,141
Alphabet, Inc. — Class C^*		39,385		27,258,359
Alphabet, Inc. — Class A^*		33,678		23,693,483
Comcast Corp. — Class A		277,265		18,074,906
Cisco Systems, Inc.		576,801		16,548,421
Priceline Group, Inc.^*		5,692		7,105,949
Charter Communications, Inc. — Class A^*		31,008		7,089,669
Baidu, Inc. ADR^*		31,424		5,189,674
Netflix, Inc.^*		49,117		4,493,223
Yahoo!, Inc.^*		108,936		4,091,636
T-Mobile US, Inc.^*		94,286		4,079,755
Twenty-First Century Fox, Inc. — Class A		125,656		3,398,995
eBay, Inc.^*		131,755		3,084,385
Twenty-First Century Fox, Inc. — Class B		91,573		2,495,364
Sirius XM Holdings, Inc.^*		568,594		2,245,946
JD.com, Inc. ADR^*		104,191		2,211,975
Liberty Global plc^*		75,088		2,151,271
Ctrip.com International Ltd. ADR^*		42,730		1,760,476
Expedia, Inc.		15,595		1,657,749
Viacom, Inc. — Class B		39,749		1,648,391
Symantec Corp.		70,217		1,442,257
Vodafone Group plc ADR		44,480		1,373,987
DISH Network Corp. — Class A^*		25,949		1,359,728
TripAdvisor, Inc.^*		15,242		980,061
Liberty Global plc — Class A^*		32,668		949,332
Discovery Communications, Inc. — Class C^*		28,523		680,274
Liberty Ventures^*		15,489		574,177
Discovery Communications, Inc. — Class A^*		17,257		435,394
Liberty Global plc LiLAC — Class C^*		9,094		295,453
Liberty Global plc LiLAC — Class A^*		3,956		127,626
Total Communications				215,517,539
Technology - 27.5%
Apple, Inc.		628,143		60,050,471
Microsoft Corp.		901,427		46,126,020
Intel Corp.		541,514		17,761,660
QUALCOMM, Inc.		168,453		9,024,027
Texas Instruments, Inc.		115,163		7,214,962
Broadcom Ltd.		44,776		6,958,190
Adobe Systems, Inc.^*		57,363		5,494,801
Cognizant Technology Solutions Corp. — Class A^*		69,480		3,977,035
Activision Blizzard, Inc.		84,659		3,355,036
Intuit, Inc.		29,342		3,274,861
NXP Semiconductor N.V.^*		39,280		3,077,195
Applied Materials, Inc.		124,902		2,993,901
NVIDIA Corp.		61,238		2,878,798
Fiserv, Inc.^*		25,496		2,772,180
Electronic Arts, Inc.^*		34,587		2,620,311
Paychex, Inc.		41,298		2,457,231
Cerner Corp.^*		38,769		2,271,863
Analog Devices, Inc.		35,246		1,996,333
NetEase, Inc. ADR		8,757		1,692,028
Micron Technology, Inc.^*		118,926		1,636,422
CA, Inc.		47,795		1,569,110
Check Point Software Technologies Ltd.^*		19,665		1,566,907
Lam Research Corp.		18,302		1,538,466
Western Digital Corp.		32,284		1,525,742
Citrix Systems, Inc.^*		17,787		1,424,561
Autodesk, Inc.^*		25,755		1,394,376
Skyworks Solutions, Inc.		21,816		1,380,516
Xilinx, Inc.		29,097		1,342,245
Linear Technology Corp.		27,420		1,275,853
Maxim Integrated Products, Inc.		32,604		1,163,637
Akamai Technologies, Inc.^*		20,137		1,126,262
Seagate Technology plc		34,229		833,818
NetApp, Inc.		33,151		815,183
Total Technology				204,590,001
Consumer, Non-cyclical - 14.4%
Amgen, Inc.		86,149		13,107,571
Gilead Sciences, Inc.		152,732		12,740,904
Kraft Heinz Co.		139,444		12,338,006
Celgene Corp.^*		88,830		8,761,303
Mondelez International, Inc. — Class A		177,989		8,100,279
Biogen, Inc.^*		25,120		6,074,518
Express Scripts Holding Co.^*		72,538		5,498,380
PayPal Holdings, Inc.^*		138,994		5,074,671
Automatic Data Processing, Inc.		52,240		4,799,289
Regeneron Pharmaceuticals, Inc.^*		11,831		4,131,740
Monster Beverage Corp.^*		23,285		3,742,132
Alexion Pharmaceuticals, Inc.^*		25,690		2,999,564
Intuitive Surgical, Inc.^*		4,365		2,887,055
Mylan N.V.^*		58,299		2,520,849
Vertex Pharmaceuticals, Inc.^*		28,366		2,440,043
Illumina, Inc.^*		16,881		2,369,755
Incyte Corp.^*		21,516		1,720,850
DENTSPLY SIRONA, Inc.		26,859		1,666,332
Henry Schein, Inc.^*		9,411		1,663,865
Verisk Analytics, Inc. — Class A^*		19,285		1,563,628
BioMarin Pharmaceutical, Inc.^*		18,615		1,448,247
Whole Foods Market, Inc.		36,815		1,178,816
Endo International plc^*		25,533		398,059
Total Consumer, Non-cyclical				107,225,856
Consumer, Cyclical - 7.3%
Walgreens Boots Alliance, Inc.		123,881		10,315,571
Starbucks Corp.		167,993		9,595,760
Costco Wholesale Corp.		50,348		7,906,650
Tesla Motors, Inc.^*		16,920		3,591,778
O'Reilly Automotive, Inc.^*		11,061		2,998,637
Ross Stores, Inc.		46,078		2,612,162
Dollar Tree, Inc.^*		27,014		2,545,799
PACCAR, Inc.		40,191		2,084,707
Marriott International, Inc. — Class A		29,154		1,937,575
American Airlines Group, Inc.		66,304		1,877,066
Ulta Salon Cosmetics & Fragrance, Inc.^*		7,183		1,750,066

NASDAQ-100^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 78.8% (continued)
Consumer, Cyclical - 7.3% (continued)
Fastenal Co.		33,129	$	1,470,596
Tractor Supply Co.		15,301		1,395,145
Liberty Interactive Corporation QVC Group — Class A^*		51,783		1,313,735
Mattel, Inc.		39,041		1,221,593
Norwegian Cruise Line Holdings Ltd.^*		26,032		1,037,115
Bed Bath & Beyond, Inc.		17,703		765,124
Total Consumer, Cyclical				54,419,079
Industrial - 0.7%
CSX Corp.		109,617		2,858,811
SBA Communications Corp. — Class A^*		14,395		1,553,796
Stericycle, Inc.^*		9,738		1,013,921
Total Industrial				5,426,528
Total Common Stocks
(Cost $354,217,593)				587,179,003

MUTUAL FUNDS^† - 2.9%
Guggenheim Strategy Fund I¹		500,094		12,457,333
Guggenheim Strategy Fund II¹		381,310		9,460,289
Total Mutual Funds
(Cost $21,867,632)				21,917,622

	Face Amount
FEDERAL AGENCY NOTES^†† - 6.6%
Federal Farm Credit Bank²
0.63% due 08/08/18³	$	15,000,000	15,004,785
0.59% due 08/21/17³		10,000,000	9,999,900
0.46% due 08/01/17³		9,000,000	8,991,603
0.50% due 01/09/18³		5,000,000	4,992,400
Total Federal Farm Credit Bank			38,988,688
Fannie Mae⁴
0.45% due 09/08/17³		10,000,000	9,995,200
Total Federal Agency Notes
(Cost $48,990,098)			48,983,888

FEDERAL AGENCY DISCOUNT NOTES^†† - 6.5%
Federal Home Loan Bank²
0.37% due 09/19/16		20,000,000	19,987,560
0.35% due 09/13/16		10,000,000	9,994,240
0.58% due 09/14/16		810,000	809,528
Total Federal Home Loan Bank			30,791,328
Federal Farm Credit Bank²
0.43% due 11/22/16³		10,000,000	9,999,690
Federal Agricultural Mortgage Corporation
0.66% due 12/09/16		8,000,000	7,985,688
Total Federal Agency Discount Notes
(Cost $48,762,720)			48,776,706

U.S. TREASURY BILLS^†^† - 0.1%
U.S. Treasury Bill
0.00% due 07/14/16⁵	500,000		499,978
Total U.S. Treasury Bills
(Cost $499,961)			499,978

REPURCHASE AGREEMENTS^††,6 - 1.8%
UMB Financial Corp. issued 06/30/16 at 0.26% due 07/01/16⁷	5,824,907		5,824,907
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	4,212,038		4,212,038
Royal Bank of Canada issued 06/30/16 at 0.33% due 07/01/16	3,580,948		3,580,948
Total Repurchase Agreements
(Cost $13,617,893)			13,617,893
Total Investments - 96.7%
(Cost $487,955,897)		$	720,975,090
Other Assets & Liabilities, net - 3.3%			24,239,473
Total Net Assets - 100.0%		$	745,214,563

	Contracts		Unrealized Gain
EQUITY FUTURES CONTRACTS PURCHASED^†
September 2016 NASDAQ-100 Index Mini Futures Contracts (Aggregate Value of Contracts $30,840,250)		350	$	234,602

	Units
OTC EQUITY INDEX SWAP AGREEMENTS^††
Goldman Sachs International July 2016 NASDAQ-100 Index Swap 0.44%⁸, Terminating 07/26/16 (Notional Value $26,091,925)		5,906	$	1,261,299
Barclays Bank plc July 2016 NASDAQ-100 Index Swap 0.44%⁸, Terminating 07/29/16 (Notional Value $90,580,562)		20,504		1,052,975
Credit Suisse Capital, LLC July 2016 NASDAQ-100 Index Swap 0.45%⁸, Terminating 07/26/16 (Notional Value $10,167,112)		2,301		499,171
(Total Notional Value $126,839,599)			$	2,813,445

*	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	Affiliated issuer — See Note 5.
²	The issuer operates under a Congressional charter; its securities are neither issued nor guaranteed by the U.S. Government.
³	Variable rate security. Rate indicated is rate effective at June 30, 2016.
⁴	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.
⁵	Zero coupon rate security.
⁶	Repurchase Agreements — See Note 4.

NASDAQ-100^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

⁷	All or a portion of this security is pledged as equity index swap collateral at June 30, 2016.
⁸	Total Return based on NASDAQ-100 Index +/- financing at a variable rate. Rate indicated is the rate effective at June 30, 2016.
	ADR — American Depositary Receipt plc — Public Limited Company

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 1 - Other*		Level 2		Level 2 - Other*		Level 3		Total
Common Stocks	$	587,179,003	$	—	$	—	$	—	$	—	$	587,179,003
Equity Futures Contracts		—		234,602		—		—		—		234,602
Equity Index Swap Agreements		—		—		—		2,813,445		—		2,813,445
Federal Agency Discount Notes		—		—		48,776,706		—		—		48,776,706
Federal Agency Notes		—		—		48,983,888		—		—		48,983,888
Mutual Funds		21,917,622		—		—		—		—		21,917,622
Repurchase Agreements		—		—		13,617,893		—		—		13,617,893
U.S. Treasury Bills		—		—		499,978		—		—		499,978
Total	$	609,096,625	$	234,602	$	111,878,465	$	2,813,445	$	—	$	724,022,637

* Other financial instruments include futures contracts and/or swaps, which are reported as unrealized gain/loss at period end.

For the period ended June 30, 2016, there were no transfers between levels.

Nova Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 66.2%
Consumer, Non-cyclical - 16.3%
Johnson & Johnson		22,626	$	2,744,533
Procter & Gamble Co.		21,895		1,853,850
Pfizer, Inc.		49,887		1,756,521
Coca-Cola Co.		32,027		1,451,784
Merck & Company, Inc.		22,769		1,311,722
Philip Morris International, Inc.		12,760		1,297,948
PepsiCo, Inc.		11,881		1,258,673
Altria Group, Inc.		16,093		1,109,773
UnitedHealth Group, Inc.		7,821		1,104,325
Bristol-Myers Squibb Co.		13,731		1,009,915
Medtronic plc		11,566		1,003,581
Amgen, Inc.		6,179		940,134
Gilead Sciences, Inc.		10,955		913,866
AbbVie, Inc.		13,304		823,651
Allergan plc^*		3,254		751,967
Eli Lilly & Co.		7,990		629,213
Celgene Corp.^*		6,372		628,470
Mondelez International, Inc. — Class A		12,767		581,027
Colgate-Palmolive Co.		7,346		537,727
Danaher Corp.		4,928		497,728
Thermo Fisher Scientific, Inc.		3,237		478,299
Abbott Laboratories		12,085		475,061
Biogen, Inc.^*		1,802		435,760
Kraft Heinz Co.		4,901		433,640
Kimberly-Clark Corp.		2,962		407,216
Express Scripts Holding Co.^*		5,205		394,540
Reynolds American, Inc.		6,810		367,263
Aetna, Inc.		2,884		352,223
General Mills, Inc.		4,889		348,683
McKesson Corp.		1,850		345,302
Automatic Data Processing, Inc.		3,747		344,237
PayPal Holdings, Inc.^*		9,072		331,219
Stryker Corp.		2,584		309,641
Becton Dickinson and Co.		1,745		295,935
Kroger Co.		7,845		288,617
Anthem, Inc.		2,163		284,088
Cigna Corp.		2,110		270,059
Boston Scientific Corp.^*		11,161		260,833
Constellation Brands, Inc. — Class A		1,451		239,995
S&P Global, Inc.		2,176		233,398
Regeneron Pharmaceuticals, Inc.^*		641		223,856
Humana, Inc.		1,226		220,533
Sysco Corp.		4,310		218,689
Alexion Pharmaceuticals, Inc.^*		1,843		215,189
Cardinal Health, Inc.		2,680		209,067
Archer-Daniels-Midland Co.		4,833		207,287
Intuitive Surgical, Inc.^*		313		207,021
Baxter International, Inc.		4,543		205,434
HCA Holdings, Inc.^*		2,477		190,754
Monster Beverage Corp.^*		1,158		186,102
St. Jude Medical, Inc.		2,338		182,364
Zoetis, Inc.		3,755		178,212
Vertex Pharmaceuticals, Inc.^*		2,034		174,965
Edwards Lifesciences Corp.^*		1,741		173,630
ConAgra Foods, Inc.		3,590		171,638
Illumina, Inc.^*		1,211		170,000
Kellogg Co.		2,073		169,260
Estee Lauder Companies, Inc. — Class A		1,831		166,658
Tyson Foods, Inc. — Class A		2,472		165,105
Zimmer Biomet Holdings, Inc.		1,343		161,670
Nielsen Holdings plc		2,967		154,195
Molson Coors Brewing Co. — Class B		1,515		153,212
Mylan N.V.^*		3,513		151,902
JM Smucker Co.		983		149,819
Dr Pepper Snapple Group, Inc.		1,528		147,651
Clorox Co.		1,064		147,247
CR Bard, Inc.		603		141,801
Mead Johnson Nutrition Co. — Class A		1,534		139,211
Hershey Co.		1,155		131,081
Moody's Corp.		1,390		130,257
Equifax, Inc.		978		125,575
AmerisourceBergen Corp. — Class A		1,509		119,694
DENTSPLY SIRONA, Inc.		1,926		119,489
Henry Schein, Inc.^*		675		119,340
Laboratory Corporation of America Holdings^*		842		109,687
Church & Dwight Company, Inc.		1,055		108,549
Perrigo Company plc		1,178		106,809
DaVita HealthCare Partners, Inc.^*		1,341		103,686
Verisk Analytics, Inc. — Class A^*		1,272		103,134
McCormick & Company, Inc.		948		101,123
Centene Corp.^*		1,402		100,061
Universal Health Services, Inc. — Class B		738		98,966
Campbell Soup Co.		1,475		98,132
Quest Diagnostics, Inc.		1,164		94,761
Global Payments, Inc.		1,267		90,438
Whole Foods Market, Inc.		2,641		84,565
Brown-Forman Corp. — Class B		827		82,502
Hormel Foods Corp.		2,223		81,362
Western Union Co.		4,040		77,487
Total System Services, Inc.		1,389		73,770
Cintas Corp.		713		69,967
Hologic, Inc.^*		1,995		69,027
Varian Medical Systems, Inc.^*		782		64,304
Avery Dennison Corp.		733		54,792
Mallinckrodt plc^*		899		54,641
United Rentals, Inc.^*		728		48,849
H&R Block, Inc.		1,846		42,458
Robert Half International, Inc.		1,080		41,213
Patterson Companies, Inc.		684		32,757
Quanta Services, Inc.^*		1,242		28,715
Endo International plc^*		1,684		26,254
Total Consumer, Non-cyclical				36,878,334
Financial - 11.1%
Berkshire Hathaway, Inc. — Class B^*		15,414		2,231,793
JPMorgan Chase & Co.		30,078		1,869,047
Wells Fargo & Co.		38,003		1,798,682
Visa, Inc. — Class A		15,668		1,162,096

Nova Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 66.2% (continued)
Financial - 11.1% (continued)
Bank of America Corp.		84,493	$	1,121,222
Citigroup, Inc.		24,142		1,023,379
MasterCard, Inc. — Class A		7,985		703,159
Simon Property Group, Inc.		2,545		552,010
U.S. Bancorp		13,349		538,365
Chubb Ltd.		3,821		499,443
American International Group, Inc.		9,205		486,852
Goldman Sachs Group, Inc.		3,178		472,187
American Express Co.		6,649		403,993
American Tower Corp. — Class A		3,492		396,725
MetLife, Inc.		9,037		359,944
BlackRock, Inc. — Class A		1,035		354,520
Bank of New York Mellon Corp.		8,860		344,211
PNC Financial Services Group, Inc.		4,107		334,268
Morgan Stanley		12,428		322,879
Public Storage		1,212		309,775
Marsh & McLennan Companies, Inc.		4,287		293,488
Travelers Companies, Inc.		2,405		286,291
Crown Castle International Corp.		2,771		281,063
CME Group, Inc. — Class A		2,785		271,259
Capital One Financial Corp.		4,212		267,504
Prudential Financial, Inc.		3,635		259,321
Intercontinental Exchange, Inc.		979		250,585
Charles Schwab Corp.		9,893		250,392
Aflac, Inc.		3,405		245,705
BB&T Corp.		6,752		240,438
Aon plc		2,179		238,012
Welltower, Inc.		2,936		223,636
Equinix, Inc.		570		221,006
Allstate Corp.		3,079		215,376
Prologis, Inc.		4,321		211,902
Equity Residential		3,006		207,054
AvalonBay Communities, Inc.		1,128		203,480
Ventas, Inc.		2,781		202,512
Weyerhaeuser Co.		6,145		182,937
Discover Financial Services		3,391		181,724
State Street Corp.		3,257		175,617
Synchrony Financial^*		6,859		173,396
SunTrust Banks, Inc.		4,122		169,332
Boston Properties, Inc.		1,264		166,722
Progressive Corp.		4,796		160,666
M&T Bank Corp.		1,307		154,527
T. Rowe Price Group, Inc.		2,041		148,932
Realty Income Corp.		2,119		146,974
Vornado Realty Trust		1,459		146,075
Hartford Financial Services Group, Inc.		3,236		143,614
General Growth Properties, Inc.		4,795		142,987
Willis Towers Watson plc		1,139		141,589
HCP, Inc.		3,842		135,930
Digital Realty Trust, Inc.		1,208		131,660
Essex Property Trust, Inc.		538		122,712
Ameriprise Financial, Inc.		1,364		122,555
Northern Trust Corp.		1,763		116,816
Fifth Third Bancorp		6,315		111,081
Kimco Realty Corp.		3,452		108,323
Franklin Resources, Inc.		3,031		101,144
Host Hotels & Resorts, Inc.		6,147		99,643
Federal Realty Investment Trust		583		96,516
Extra Space Storage, Inc.		1,030		95,316
Alliance Data Systems Corp.^*		485		95,021
Cincinnati Financial Corp.		1,217		91,141
Principal Financial Group, Inc.		2,217		91,141
Loews Corp.		2,203		90,521
Regions Financial Corp.		10,419		88,666
Macerich Co.		1,038		88,635
SL Green Realty Corp.		824		87,731
Invesco Ltd.		3,432		87,653
Citizens Financial Group, Inc.		4,350		86,913
UDR, Inc.		2,197		81,113
Iron Mountain, Inc.		1,966		78,306
XL Group plc — Class A		2,342		78,012
KeyCorp		6,929		76,565
Lincoln National Corp.		1,966		76,222
Arthur J Gallagher & Co.		1,456		69,306
CBRE Group, Inc. — Class A^*		2,400		63,552
Affiliated Managers Group, Inc.^*		442		62,220
Unum Group		1,955		62,149
Nasdaq, Inc.		947		61,242
Comerica, Inc.		1,440		59,227
Huntington Bancshares, Inc.		6,571		58,745
Torchmark Corp.		922		56,998
Apartment Investment & Management Co. — Class A		1,288		56,878
ETRADE Financial Corp.^		2,293		53,863
Assurant, Inc.		509		43,932
Zions Bancorporation		1,682		42,269
People's United Financial, Inc.		2,557		37,486
Navient Corp.		2,719		32,492
Legg Mason, Inc.		867		25,568
Total Financial				25,113,929
Communications - 8.5%
Amazon.com, Inc.^*		3,182		2,277,103
AT&T, Inc.		50,637		2,188,026
Facebook, Inc. — Class A^*		19,016		2,173,149
Verizon Communications, Inc.		33,530		1,872,315
Alphabet, Inc. — Class A^*		2,416		1,699,728
Alphabet, Inc. — Class C^*		2,429		1,681,111
Comcast Corp. — Class A		19,887		1,296,433
Walt Disney Co.		12,278		1,201,033
Cisco Systems, Inc.		41,372		1,186,962
Priceline Group, Inc.^*		408		509,351
Time Warner, Inc.		6,469		475,730
Netflix, Inc.^*		3,523		322,284
Yahoo!, Inc.^*		7,189		270,019
Twenty-First Century Fox, Inc. — Class A		9,013		243,802
eBay, Inc.^*		8,694		203,527
CBS Corp. — Class B		3,416		185,967
Omnicom Group, Inc.		1,955		159,313
CenturyLink, Inc.		4,492		130,313
Level 3 Communications, Inc.^*		2,385		122,804
Viacom, Inc. — Class B		2,851		118,231
Symantec Corp.		5,036		103,439
Expedia, Inc.		963		102,367

Nova Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 66.2% (continued)
Communications - 8.5% (continued)
Twenty-First Century Fox, Inc. — Class B		3,547	$	96,656
Motorola Solutions, Inc.		1,307		86,223
Interpublic Group of Companies, Inc.		3,310		76,461
VeriSign, Inc.^*		785		67,871
Juniper Networks, Inc.		2,906		65,356
F5 Networks, Inc.^*		551		62,726
TripAdvisor, Inc.^*		940		60,442
Scripps Networks Interactive, Inc. — Class A		781		48,633
Frontier Communications Corp.		9,649		47,666
Discovery Communications, Inc. — Class C^*		1,964		46,841
TEGNA, Inc.		1,790		41,474
News Corp. — Class A		3,130		35,526
Discovery Communications, Inc. — Class A^*		1,238		31,235
News Corp. — Class B		887		10,351
Total Communications				19,300,468
Technology - 8.3%
Apple, Inc.		45,055		4,307,258
Microsoft Corp.		64,657		3,308,499
Intel Corp.		38,841		1,273,985
International Business Machines Corp.		7,265		1,102,682
Oracle Corp.		25,601		1,047,849
QUALCOMM, Inc.		12,083		647,286
Accenture plc — Class A		5,131		581,291
Texas Instruments, Inc.		8,260		517,489
Broadcom Ltd.		3,051		474,125
EMC Corp.		16,066		436,514
salesforce.com, Inc.^*		5,238		415,949
Adobe Systems, Inc.^*		4,115		394,176
Cognizant Technology Solutions Corp. — Class A^*		4,984		285,284
Hewlett Packard Enterprise Co.		13,669		249,733
Intuit, Inc.		2,105		234,939
Applied Materials, Inc.		8,959		214,747
Fiserv, Inc.^*		1,828		198,758
NVIDIA Corp.		4,173		196,173
Electronic Arts, Inc.^*		2,481		187,960
HP, Inc.		14,071		176,591
Fidelity National Information Services, Inc.		2,282		168,138
Activision Blizzard, Inc.		4,190		166,050
Paychex, Inc.		2,636		156,842
Cerner Corp.^*		2,475		145,035
Analog Devices, Inc.		2,528		143,186
Micron Technology, Inc.^*		8,530		117,373
Lam Research Corp.		1,312		110,287
Western Digital Corp.		2,316		109,434
Red Hat, Inc.^*		1,492		108,319
Citrix Systems, Inc.^*		1,276		102,195
Autodesk, Inc.^*		1,847		99,997
Skyworks Solutions, Inc.		1,565		99,033
Xilinx, Inc.		2,087		96,273
KLA-Tencor Corp.		1,281		93,833
Linear Technology Corp.		1,967		91,525
Microchip Technology, Inc.		1,766		89,642
Akamai Technologies, Inc.^*		1,444		80,763
CA, Inc.		2,433		79,875
Xerox Corp.		7,833		74,335
Seagate Technology plc		2,455		59,804
NetApp, Inc.		2,378		58,475
Qorvo, Inc.^*		1,049		57,968
Dun & Bradstreet Corp.		298		36,308
Pitney Bowes, Inc.		1,552		27,626
Teradata Corp.^*		1,069		26,800
CSRA, Inc.		1,128		26,429
Total Technology				18,676,833
Consumer, Cyclical - 6.6%
Home Depot, Inc.		10,233		1,306,652
Wal-Mart Stores, Inc.		12,562		917,277
McDonald's Corp.		7,221		868,976
CVS Health Corp.		8,834		845,768
Starbucks Corp.		12,050		688,296
NIKE, Inc. — Class B		10,952		604,550
Walgreens Boots Alliance, Inc.		7,109		591,966
Lowe's Companies, Inc.		7,289		577,070
Costco Wholesale Corp.		3,603		565,815
TJX Companies, Inc.		5,438		419,976
Ford Motor Co.		32,096		403,447
Target Corp.		4,847		338,418
General Motors Co.		11,526		326,186
Yum! Brands, Inc.		3,351		277,865
Johnson Controls, Inc.		5,333		236,038
Delta Air Lines, Inc.		6,347		231,222
Dollar General Corp.		2,334		219,396
O'Reilly Automotive, Inc.^*		793		214,982
Southwest Airlines Co.		5,254		206,009
AutoZone, Inc.^*		245		194,491
Ross Stores, Inc.		3,305		187,360
Dollar Tree, Inc.^*		1,938		182,637
Newell Brands, Inc.		3,756		182,429
VF Corp.		2,744		168,729
Carnival Corp.		3,607		159,429
PACCAR, Inc.		2,883		149,541
Delphi Automotive plc		2,245		140,537
L Brands, Inc.		2,081		139,698
American Airlines Group, Inc.		4,756		134,642
Ulta Salon Cosmetics & Fragrance, Inc.^*		514		125,231
Genuine Parts Co.		1,230		124,538
United Continental Holdings, Inc.^*		2,761		113,311
Fastenal Co.		2,376		105,471
WW Grainger, Inc.		464		105,444
Marriott International, Inc. — Class A		1,568		104,209
Whirlpool Corp.		624		103,983
Starwood Hotels & Resorts Worldwide, Inc.		1,386		102,495
Tractor Supply Co.		1,097		100,024
Mohawk Industries, Inc.^*		524		99,434
Advance Auto Parts, Inc.		604		97,625
Chipotle Mexican Grill, Inc. — Class A^*		239		96,260

Nova Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 66.2% (continued)
Consumer, Cyclical - 6.6% (continued)
Coach, Inc.		2,287	$	93,172
Royal Caribbean Cruises Ltd.		1,381		92,734
Mattel, Inc.		2,800		87,612
DR Horton, Inc.		2,715		85,468
Macy's, Inc.		2,537		85,268
LKQ Corp.^*		2,523		79,979
CarMax, Inc.^*		1,594		78,154
Hanesbrands, Inc.		3,105		78,029
Hasbro, Inc.		922		77,439
Michael Kors Holdings Ltd.^*		1,451		71,795
Best Buy Company, Inc.		2,319		70,961
Lennar Corp. — Class A		1,509		69,565
Harley-Davidson, Inc.		1,490		67,497
Wyndham Worldwide Corp.		921		65,603
PVH Corp.		667		62,851
Foot Locker, Inc.		1,119		61,388
Wynn Resorts Ltd.		670		60,729
Under Armour, Inc. — Class A^*		1,506		60,436
Darden Restaurants, Inc.		938		59,413
Alaska Air Group, Inc.		1,014		59,106
Kohl's Corp.		1,511		57,297
Leggett & Platt, Inc.		1,105		56,477
Goodyear Tire & Rubber Co.		2,187		56,118
Under Armour, Inc. — Class C^*		1,514		55,104
Bed Bath & Beyond, Inc.		1,270		54,889
Tiffany & Co.		901		54,637
BorgWarner, Inc.		1,790		52,841
Signet Jewelers Ltd.		641		52,825
PulteGroup, Inc.		2,590		50,479
Staples, Inc.		5,316		45,824
Ralph Lauren Corp. — Class A		469		42,032
Harman International Industries, Inc.		580		41,656
Nordstrom, Inc.		1,055		40,143
The Gap, Inc.		1,866		39,597
AutoNation, Inc.^*		585		27,483
Urban Outfitters, Inc.^*		713		19,608
Total Consumer, Cyclical				14,971,636
Industrial - 6.4%
General Electric Co.		75,640		2,381,147
3M Co.		4,989		873,674
Honeywell International, Inc.		6,269		729,210
United Technologies Corp.		6,402		656,525
Boeing Co.		4,925		639,610
United Parcel Service, Inc. — Class B		5,679		611,742
Union Pacific Corp.		6,918		603,596
Lockheed Martin Corp.		2,154		534,558
Caterpillar, Inc.		4,803		364,116
Raytheon Co.		2,443		332,126
Northrop Grumman Corp.		1,484		329,864
General Dynamics Corp.		2,363		329,024
FedEx Corp.		2,053		311,604
Illinois Tool Works, Inc.		2,660		277,067
Emerson Electric Co.		5,292		276,030
Waste Management, Inc.		3,399		225,251
Eaton Corporation plc		3,767		225,003
Norfolk Southern Corp.		2,433		207,121
CSX Corp.		7,863		205,067
Deere & Co.		2,456		199,034
Corning, Inc.		8,845		181,145
TE Connectivity Ltd.		2,942		168,018
Tyco International plc		3,500		149,100
Cummins, Inc.		1,303		146,509
Amphenol Corp. — Class A		2,533		145,217
Roper Technologies, Inc.		832		141,906
Stanley Black & Decker, Inc.		1,234		137,245
Ingersoll-Rand plc		2,118		134,874
Vulcan Materials Co.		1,096		131,915
Rockwell Automation, Inc.		1,071		122,972
Parker-Hannifin Corp.		1,108		119,719
Agilent Technologies, Inc.		2,696		119,595
TransDigm Group, Inc.^*		435		114,705
Ball Corp.		1,430		103,375
Martin Marietta Materials, Inc.		523		100,416
Republic Services, Inc. — Class A		1,951		100,106
Waters Corp.^*		665		93,532
L-3 Communications Holdings, Inc.		632		92,708
Rockwell Collins, Inc.		1,070		91,100
Acuity Brands, Inc.		361		89,514
AMETEK, Inc.		1,920		88,762
Dover Corp.		1,276		88,452
CH Robinson Worldwide, Inc.		1,174		87,170
Pentair plc		1,486		86,619
Harris Corp.		1,026		85,609
Masco Corp.		2,737		84,683
Textron, Inc.		2,211		80,834
WestRock Co.		2,078		80,772
Kansas City Southern		888		80,000
Snap-on, Inc.		478		75,438
Sealed Air Corp.		1,622		74,563
Expeditors International of Washington, Inc.		1,497		73,413
Fortune Brands Home & Security, Inc.		1,262		73,158
Stericycle, Inc.^*		698		72,676
Xylem, Inc.		1,471		65,680
J.B. Hunt Transport Services, Inc.		732		59,241
Fluor Corp.		1,145		56,426
Allegion plc		787		54,641
Jacobs Engineering Group, Inc.^*		1,003		49,959
Flowserve Corp.		1,072		48,422
PerkinElmer, Inc.		897		47,021
Garmin Ltd.		964		40,893
FLIR Systems, Inc.		1,132		35,035
Ryder System, Inc.		442		27,024
Owens-Illinois, Inc.^*		1,331		23,971
Total Industrial				14,435,502
Energy - 4.9%
Exxon Mobil Corp.		34,108		3,197,283
Chevron Corp.		15,503		1,625,179
Schlumberger Ltd.		11,430		903,884
Occidental Petroleum Corp.		6,282		474,668
ConocoPhillips		10,186		444,110
EOG Resources, Inc.		4,526		377,559
Halliburton Co.		7,068		320,110
Phillips 66		3,848		305,300

Nova Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 66.2% (continued)
Energy - 4.9% (continued)
Kinder Morgan, Inc.		15,052	$	281,773
Anadarko Petroleum Corp.		4,199		223,597
Spectra Energy Corp.		5,628		206,154
Pioneer Natural Resources Co.		1,345		203,377
Valero Energy Corp.		3,864		197,064
Apache Corp.		3,114		173,356
Marathon Petroleum Corp.		4,358		165,430
Baker Hughes, Inc.		3,602		162,558
Devon Energy Corp.		4,310		156,238
Hess Corp.		2,168		130,297
Concho Resources, Inc.^*		1,071		127,738
Noble Energy, Inc.		3,525		126,442
Williams Companies, Inc.		5,618		121,517
Equities Corp.		1,421		110,028
Marathon Oil Corp.		6,972		104,650
National Oilwell Varco, Inc.		3,102		104,382
Cabot Oil & Gas Corp. — Class A		3,825		98,456
Cimarex Energy Co.		780		93,070
Columbia Pipeline Group, Inc.		3,289		83,837
ONEOK, Inc.		1,728		81,994
Tesoro Corp.		986		73,871
Newfield Exploration Co.^*		1,618		71,483
Range Resources Corp.		1,395		60,180
Helmerich & Payne, Inc.		889		59,679
FMC Technologies, Inc.^*		1,862		49,660
Murphy Oil Corp.		1,331		42,259
Southwestern Energy Co.^*		3,186		40,080
Transocean Ltd.		2,824		33,577
First Solar, Inc.^*		631		30,591
Chesapeake Energy Corp.^*		4,811		20,591
Diamond Offshore Drilling, Inc.		530		12,895
Total Energy				11,094,917
Utilities - 2.4%
NextEra Energy, Inc.		3,796		494,997
Duke Energy Corp.		5,667		486,171
Southern Co.		7,720		414,024
Dominion Resources, Inc.		5,069		395,026
American Electric Power Company, Inc.		4,041		283,234
Exelon Corp.		7,582		275,682
PG&E Corp.		4,080		260,794
Sempra Energy		1,950		222,339
PPL Corp.		5,568		210,192
Edison International		2,680		208,156
Consolidated Edison, Inc.		2,501		201,180
Public Service Enterprise Group, Inc.		4,162		193,991
Xcel Energy, Inc.		4,178		187,091
WEC Energy Group, Inc.		2,596		169,519
Eversource Energy		2,609		156,279
DTE Energy Co.		1,475		146,202
American Water Works Company, Inc.		1,461		123,469
FirstEnergy Corp.		3,494		121,976
Entergy Corp.		1,470		119,585
Ameren Corp.		1,996		106,946
CMS Energy Corp.		2,296		105,295
SCANA Corp.		1,175		88,901
CenterPoint Energy, Inc.		3,542		85,008
Alliant Energy Corp.		1,867		74,120
Pinnacle West Capital Corp.		914		74,089
NiSource, Inc.		2,645		70,145
AES Corp.		5,421		67,654
NRG Energy, Inc.		2,590		38,824
Total Utilities				5,380,889
Basic Materials - 1.7%
EI du Pont de Nemours & Co.		7,185		465,588
Dow Chemical Co.		9,236		459,122
Monsanto Co.		3,593		371,552
Praxair, Inc.		2,346		263,667
Ecolab, Inc.		2,171		257,481
PPG Industries, Inc.		2,189		227,984
Air Products & Chemicals, Inc.		1,600		227,264
LyondellBasell Industries N.V. — Class A		2,808		208,971
Sherwin-Williams Co.		647		190,004
Newmont Mining Corp.		4,364		170,720
International Paper Co.		3,382		143,329
Nucor Corp.		2,615		129,207
Freeport-McMoRan, Inc.		10,300		114,742
Alcoa, Inc.		10,818		100,283
Eastman Chemical Co.		1,223		83,042
International Flavors & Fragrances, Inc.		656		82,702
Mosaic Co.		2,877		75,320
Albemarle Corp.		923		73,203
FMC Corp.		1,100		50,941
CF Industries Holdings, Inc.		1,917		46,200
Total Basic Materials				3,741,322
Diversified - 0.0%
Leucadia National Corp.		2,742		47,519
Total Common Stocks
(Cost $140,533,019)				149,641,349

MUTUAL FUNDS^† - 9.0%
Guggenheim Strategy Fund I¹		424,839		10,582,740
Guggenheim Strategy Fund II¹		396,272		9,831,517
Total Mutual Funds
(Cost $20,393,576)				20,414,257

	Face Amount
FEDERAL AGENCY DISCOUNT NOTES^†† - 7.9%
Federal Home Loan Bank²
0.35% due 09/13/16	$	5,000,000	4,997,120
0.37% due 09/19/16		5,000,000	4,996,890
Total Federal Home Loan Bank			9,994,010
Farmer Mac²
0.66% due 12/09/16		8,000,000	7,985,688
Total Federal Agency Discount Notes
(Cost $17,968,567)			17,979,698

FEDERAL AGENCY NOTES^†† - 6.6%
Federal Farm Credit Bank²
0.59% due 08/21/17³		10,000,000	9,999,900

Nova Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Face Amount		Value
FEDERAL AGENCY NOTES^†† - 6.6% (continued)
0.46% due 08/01/17³	$	5,000,000	$	4,995,335
Total Federal Farm Credit Bank				14,995,235
Total Federal Agency Notes
(Cost $14,998,788)				14,995,235

REPURCHASE AGREEMENTS^††,4 - 4.1%
UMB Financial Corp. issued 06/30/16 at 0.26% due 07/01/16⁵		7,129,351		7,129,351
HSBC Group issued 06/30/16 at 0.26% due 07/01/16		1,160,797		1,160,797
Royal Bank of Canada issued 06/30/16 at 0.33% due 07/01/16		986,875		986,875
Total Repurchase Agreements
(Cost $9,277,023)				9,277,023
Total Investments - 93.8%
(Cost $203,170,973)			$	212,307,562
Other Assets & Liabilities, net - 6.2%				13,937,386
Total Net Assets - 100.0%			$	226,244,948

	Units		Unrealized Gain
OTC EQUITY INDEX SWAP AGREEMENTS^††
Barclays Bank plc July 2016 S&P 500 Index Swap 0.44%⁶, Terminating 07/29/16 (Notional Value $138,971,633)		66,213	$	1,857,510
Goldman Sachs International July 2016 S&P 500 Index Swap 0.44%⁶, Terminating 07/26/16 (Notional Value $47,831,931)		22,789		1,506,579
Credit Suisse Capital, LLC July 2016 S&P 500 Index Swap 0.45%⁶, Terminating 07/26/16 (Notional Value $3,010,017)		1,434		141,823
(Total Notional Value $189,813,581)			$	3,505,912

*	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	Affiliated issuer — See Note 5.
²	The issuer operates under a Congressional charter; its securities are neither issued nor guaranteed by the U.S. Government.
³	Variable rate security. Rate indicated is rate effective at June 30, 2016.
⁴	Repurchase Agreements — See Note 4.
⁵	All or a portion of this security is pledged as equity index swap collateral at June 30, 2016.
⁶	Total Return based on S&P 500 Index +/- financing at a variable rate. Rate indicated is the rate effective at June 30, 2016.
	plc — Public Limited Company

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 2		Level 2 - Other*		Level 3		Total
Common Stocks	$	149,641,349	$	—	$	—	$	—	$	149,641,349
Equity Index Swap Agreements		—		—		3,505,912		—		3,505,912
Federal Agency Discount Notes		—		17,979,698		—		—		17,979,698
Federal Agency Notes		—		14,995,235		—		—		14,995,235
Mutual Funds		20,414,257		—		—		—		20,414,257
Repurchase Agreements		—		9,277,023		—		—		9,277,023
Total	$	170,055,606	$	42,251,956	$	3,505,912	$	—	$	215,813,474

* Other financial instruments include swaps, which are reported as unrealized gain/loss at period end.

For the period ended June 30, 2016, there were no transfers between levels.

Precious Metals Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 95.1%
Mining - 95.1%
Barrick Gold Corp.		387,829	$	8,280,148
Newmont Mining Corp.		195,658		7,654,141
Goldcorp, Inc.		348,538		6,667,532
Freeport-McMoRan, Inc.		550,947		6,137,550
Franco-Nevada Corp.		79,057		6,013,075
Agnico Eagle Mines Ltd.		106,146		5,678,811
Randgold Resources Ltd. ADR		50,646		5,674,378
Silver Wheaton Corp.		230,642		5,427,006
AngloGold Ashanti Ltd. ADR^*		263,203		4,753,446
Kinross Gold Corp.^*		781,608		3,822,063
Tahoe Resources, Inc.		241,275		3,611,887
Royal Gold, Inc.		49,836		3,589,189
Yamana Gold, Inc.		677,265		3,521,778
Gold Fields Ltd. ADR		658,289		3,225,616
Cia de Minas Buenaventura S.A.A. ADR^*		253,963		3,034,858
Eldorado Gold Corp.		664,202		2,988,909
Sibanye Gold Ltd. ADR		219,096		2,984,088
Pan American Silver Corp.		168,159		2,766,216
B2Gold Corp.^*		1,019,800		2,559,698
Alamos Gold, Inc. — Class A		289,545		2,490,087
First Majestic Silver Corp.^*		183,053		2,485,860
New Gold, Inc.^*		556,019		2,435,363
Pretium Resources, Inc.^*		212,867		2,384,110
Hecla Mining Co.		460,434		2,348,213
Coeur Mining, Inc.^*		212,931		2,269,844
Novagold Resources, Inc.^*		357,931		2,190,538
Silver Standard Resources, Inc.^*		164,934		2,142,493
Stillwater Mining Co.^*		174,741		2,072,428
IAMGOLD Corp.^*		497,654		2,060,288
Harmony Gold Mining Company Ltd. ADR^*		565,750		2,042,358
Seabridge Gold, Inc.^*		92,539		1,358,473
Sandstorm Gold Ltd.^*		270,485		1,206,363
Primero Mining Corp.^*		452,267		940,715
AuRico Metals, Inc.^*		5		4
Total Mining				116,817,526
Total Common Stocks
(Cost $68,603,418)				116,817,526

EXCHANGE-TRADED FUNDS^† - 4.4%
VanEck Vectors Junior Gold Miners ETF		126,703		5,400,082
Total Exchange-Traded Funds
(Cost $3,264,127)				5,400,082

	Face Amount
REPURCHASE AGREEMENTS^††,1 - 1.0%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	1,183,089		1,183,089
Total Repurchase Agreements
(Cost $1,183,089)				1,183,089
Total Investments - 100.5%
(Cost $73,050,634)			$	123,400,697
Other Assets & Liabilities, net - (0.5)%				(604,897	)
Total Net Assets - 100.0%			$	122,795,800

*	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

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 2		Level 3		Total
Common Stocks	$	116,817,526	$	—	$	—	$	116,817,526
Exchange-Traded Funds		5,400,082		—		—		5,400,082
Repurchase Agreements		—		1,183,089		—		1,183,089
Total	$	122,217,608	$	1,183,089	$	—	$	123,400,697

For the period ended June 30, 2016, there were no transfers between levels.

Real Estate Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 98.6%
REITs - 93.0%
REITs-Diversified - 21.2%
American Tower Corp. — Class A		13,233	$	1,503,402
Crown Castle International Corp.		12,495		1,267,368
Equinix, Inc.		2,854		1,106,581
Weyerhaeuser Co.		34,512		1,027,422
Vornado Realty Trust		9,178		918,901
Digital Realty Trust, Inc.		8,250		899,168
Duke Realty Corp.		24,078		641,919
WP Carey, Inc.		8,230		571,327
Lamar Advertising Co. — Class A		8,183		542,533
Liberty Property Trust		13,002		516,439
Forest City Realty Trust, Inc. — Class A		22,743		507,396
EPR Properties		6,060		488,921
Communications Sales & Leasing, Inc.		15,885		459,077
STORE Capital Corp.		15,447		454,914
Corrections Corporation of America		12,366		433,057
Retail Properties of America, Inc. — Class A		25,319		427,891
DuPont Fabros Technology, Inc.		8,328		395,913
Outfront Media, Inc.		16,088		388,847
Rayonier, Inc.		14,748		386,988
New Residential Investment Corp. REIT		27,647		382,634
CoreSite Realty Corp.		4,039		358,219
PS Business Parks, Inc.		3,283		348,261
GEO Group, Inc.		10,007		342,039
Lexington Realty Trust		32,368		327,240
Washington Real Estate Investment Trust		10,376		326,429
Cousins Properties, Inc.		30,256		314,662
NorthStar Realty Finance Corp.		26,200		299,466
American Assets Trust, Inc.		6,971		295,849
STAG Industrial, Inc.		11,560		275,244
Potlatch Corp.		7,530		256,773
Total REITs-Diversified				16,464,880
REITs-Office Property - 11.5%
Boston Properties, Inc.		7,340		968,145
SL Green Realty Corp.		6,792		723,144
VEREIT, Inc.		63,566		644,559
Alexandria Real Estate Equities, Inc.		5,711		591,203
Kilroy Realty Corp.		7,978		528,862
Douglas Emmett, Inc.		13,852		492,023
Highwoods Properties, Inc.		9,272		489,562
Gramercy Property Trust		45,216		416,892
Equity Commonwealth^*		13,834		402,984
Paramount Group, Inc.		24,316		387,597
Piedmont Office Realty Trust, Inc. — Class A		17,558		378,199
Brandywine Realty Trust		22,220		373,296
Corporate Office Properties Trust		12,292		363,474
Hudson Pacific Properties, Inc.		12,219		356,550
Columbia Property Trust, Inc.		16,132		345,225
Mack-Cali Realty Corp.		12,108		326,916
Empire State Realty Trust, Inc. — Class A		16,749		318,064
Parkway Properties, Inc.		17,398		291,069
Government Properties Income Trust		12,200		281,332
New York REIT, Inc.		27,729		256,493
Total REITs-Office Property				8,935,589
REITs-Apartments - 10.0%
AvalonBay Communities, Inc.		5,876		1,059,973
Equity Residential		15,324		1,055,517
Essex Property Trust, Inc.		3,549		809,491
UDR, Inc.		18,063		666,886
Mid-America Apartment Communities, Inc.		5,601		595,946
Camden Property Trust		6,641		587,197
American Campus Communities, Inc.		10,715		566,502
Apartment Investment & Management Co. — Class A		12,705		561,053
American Homes 4 Rent — Class A		24,033		492,196
Post Properties, Inc.		6,269		382,722
Education Realty Trust, Inc.		8,037		370,827
Colony Starwood Homes		11,998		364,979
Monogram Residential Trust, Inc.		26,718		272,791
Total REITs-Apartments				7,786,080
REITs-Health Care - 9.1%
Welltower, Inc.		14,442		1,100,048
Ventas, Inc.		14,528		1,057,929
HCP, Inc.		24,066		851,455
Omega Healthcare Investors, Inc.		15,834		537,564
Senior Housing Properties Trust		22,880		476,590
Healthcare Trust of America, Inc. — Class A		13,784		445,775
Medical Properties Trust, Inc.		26,741		406,731
Healthcare Realty Trust, Inc.		11,621		406,619
National Health Investors, Inc.		4,906		368,392
Physicians Realty Trust		16,992		357,002
Care Capital Properties, Inc.		12,133		318,006
LTC Properties, Inc.		5,776		298,792
Sabra Health Care REIT, Inc.		11,742		242,296
New Senior Investment Group, Inc.		18,493		197,505
Total REITs-Health Care				7,064,704
REITs-Shopping Centers - 7.9%
Kimco Realty Corp.		24,943		782,712
Federal Realty Investment Trust		4,375		724,281
Regency Centers Corp.		7,346		615,081
Brixmor Property Group, Inc.		22,451		594,053
DDR Corp.		30,050		545,107
Weingarten Realty Investors		11,924		486,738
Equity One, Inc.		14,419		464,003
Urban Edge Properties		12,412		370,622
Acadia Realty Trust		9,590		340,637
Kite Realty Group Trust		11,512		322,681

Real Estate Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 98.6% (continued)
REITs - 93.0% (continued)
REITs-Shopping Centers - 7.9% (continued)
Retail Opportunity Investments Corp.		14,652	$	317,509
Ramco-Gershenson Properties Trust		13,859		271,775
Seritage Growth Properties		5,200		259,168
Total REITs-Shopping Centers				6,094,367
REITs-Mortgage - 6.8%
Annaly Capital Management, Inc.		61,491		680,705
American Capital Agency Corp.		27,421		543,484
Starwood Property Trust, Inc.		22,309		462,242
Chimera Investment Corp.		23,067		362,152
Two Harbors Investment Corp.		41,851		358,245
MFA Financial, Inc.		47,577		345,885
Blackstone Mortgage Trust, Inc. — Class A		12,255		339,096
Hatteras Financial Corp.		16,005		262,482
Colony Capital, Inc. — Class A		17,016		261,196
Invesco Mortgage Capital, Inc. REIT		18,523		253,580
CYS Investments, Inc.		28,013		234,469
PennyMac Mortgage Investment Trust		13,651		221,556
Redwood Trust, Inc.		15,874		219,220
Apollo Commercial Real Estate Finance, Inc.		13,260		213,088
Capstead Mortgage Corp.		20,587		199,694
ARMOUR Residential REIT, Inc.		9,100		182,000
iStar, Inc.^*		18,777		180,071
Total REITs-Mortgage				5,319,165
REITs-Regional Malls - 6.8%
Simon Property Group, Inc.		8,023		1,740,188
General Growth Properties, Inc.		36,655		1,093,052
Macerich Co.		8,969		765,863
Taubman Centers, Inc.		6,123		454,327
Tanger Factory Outlet Centers, Inc.		10,576		424,944
WP GLIMCHER, Inc.		27,754		310,567
CBL & Associates Properties, Inc.		28,113		261,732
Pennsylvania Real Estate Investment Trust		12,107		259,695
Total REITs-Regional Malls				5,310,368
REITs-Hotels - 6.3%
Host Hotels & Resorts, Inc.		44,393		719,612
MGM Growth Properties LLC — Class A		18,700		498,915
Hospitality Properties Trust		15,658		450,950
Apple Hospitality REIT, Inc.		20,468		385,003
Sunstone Hotel Investors, Inc.		28,460		343,512
LaSalle Hotel Properties		14,408		339,741
RLJ Lodging Trust		15,831		339,575
Ryman Hospitality Properties, Inc.		6,651		336,873
Xenia Hotels & Resorts, Inc.		17,116		287,206
Pebblebrook Hotel Trust		10,869		285,311
DiamondRock Hospitality Co.		30,109		271,884
Chesapeake Lodging Trust		10,514		244,451
Summit Hotel Properties, Inc.		17,285		228,853
Hersha Hospitality Trust		10,243		175,667
Total REITs-Hotels				4,907,553
REITs-Storage - 4.9%
Public Storage		5,559		1,420,824
Extra Space Storage, Inc.		7,927		733,565
Iron Mountain, Inc.		17,235		686,470
CubeSmart		15,984		493,586
Sovran Self Storage, Inc.		4,428		464,586
Total REITs-Storage				3,799,031
REITs-Warehouse/Industries - 4.2%
Prologis, Inc.		21,283		1,043,718
CyrusOne, Inc.		8,220		457,525
DCT Industrial Trust, Inc.		9,317		447,589
First Industrial Realty Trust, Inc.		13,753		382,608
QTS Realty Trust, Inc. — Class A		6,061		339,295
EastGroup Properties, Inc.		4,489		309,382
Rexford Industrial Realty, Inc.		11,753		247,871
Total REITs-Warehouse/Industries				3,227,988
REITs-Single Tenant - 3.0%
Realty Income Corp.		13,070		906,535
National Retail Properties, Inc.		11,441		591,729
Spirit Realty Capital, Inc.		41,383		528,461
Select Income REIT		12,393		322,094
Total REITs-Single Tenant				2,348,819
REITs-Manufactured Homes - 1.3%
Equity LifeStyle Properties, Inc.		6,992		559,710
Sun Communities, Inc.		6,125		469,420
Total REITs-Manufactured Homes				1,029,130
Total REITs				72,287,674
Real Estate - 4.4%
Real Estate Management/Services - 2.6%
CBRE Group, Inc. — Class A^*		23,247		615,581
Realogy Holdings Corp.^*		14,747		427,958
Jones Lang LaSalle, Inc.		4,203		409,582
Kennedy-Wilson Holdings, Inc.		16,107		305,389
Four Corners Property Trust, Inc.		11,394		234,602
Total Real Estate Management/Services				1,993,112
Real Estate Operations/Development - 1.8%
Brookfield Asset Management, Inc. — Class A		13,790		456,035
Howard Hughes Corp.^*		3,882		443,790
Alexander & Baldwin, Inc.		7,699		278,242
St. Joe Co.^*		13,873		245,830
Total Real Estate Operations/Development				1,423,897
Total Real Estate				3,417,009
Entertainment - 0.7%
Casino Services - 0.7%
Gaming and Leisure Properties, Inc.		15,883		547,646

Real Estate Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 98.6% (continued)
Diversified Financial Services - 0.5%
Investment Management/Advisory Services - 0.5%
Altisource Portfolio Solutions S.A.^*		14,583	$	405,991
Commercial Services - 0.0%
Consulting Services - 0.0%
Brookfield Business Partners, LP^*		204		3,891
Total Common Stocks
(Cost $70,393,121)				76,662,211

	Face Amount
REPURCHASE AGREEMENT^††,1 - 0.2%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	143,437		143,437
Total Repurchase Agreement
(Cost $143,437)				143,437
Total Investments - 98.8%
(Cost $70,536,558)			$	76,805,648
Other Assets & Liabilities, net - 1.2%				957,858
Total Net Assets - 100.0%			$	77,763,506

*	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.
	REIT —Real Estate Investment Trust

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 2		Level 3		Total
Common Stocks	$	76,662,211	$	—	$	—	$	76,662,211
Repurchase Agreement		—		143,437		—		143,437
Total	$	76,662,211	$	143,437	$	—	$	76,805,648

For the period ended June 30, 2016, there were no transfers between levels.

Retailing Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 101.0%
Retail - 77.3%
Wal-Mart Stores, Inc.		10,149	$	741,081
Home Depot, Inc.		4,845		618,658
CVS Health Corp.		5,191		496,987
Walgreens Boots Alliance, Inc.		5,566		463,481
Lowe's Companies, Inc.		5,177		409,863
Costco Wholesale Corp.		2,577		404,693
TJX Companies, Inc.		4,552		351,550
Target Corp.		4,594		320,753
Dollar General Corp.		2,731		256,714
O'Reilly Automotive, Inc.^*		943		255,647
AutoZone, Inc.^*		306		242,915
Ross Stores, Inc.		4,130		234,129
Dollar Tree, Inc.^*		2,456		231,453
L Brands, Inc.		3,167		212,601
Genuine Parts Co.		1,913		193,691
Ulta Salon Cosmetics & Fragrance, Inc.^*		785		191,257
Liberty Interactive Corporation QVC Group — Class A^*		6,803		172,592
Advance Auto Parts, Inc.		1,066		172,298
Tractor Supply Co.		1,852		168,865
Chico's FAS, Inc.		14,927		159,868
Macy's, Inc.		4,718		158,572
Best Buy Company, Inc.		5,065		154,989
CarMax, Inc.^*		3,067		150,374
The Gap, Inc.		6,917		146,779
Foot Locker, Inc.		2,497		136,985
Tiffany & Co.		2,225		134,924
Kohl's Corp.		3,555		134,806
Rite Aid Corp.^*		17,902		134,086
Nordstrom, Inc.		3,395		129,180
Bed Bath & Beyond, Inc.		2,978		128,709
Signet Jewelers Ltd.		1,542		127,076
Michaels Companies, Inc.^*		4,310		122,576
Dick's Sporting Goods, Inc.		2,597		117,020
Staples, Inc.		13,267		114,362
Burlington Stores, Inc.^*		1,637		109,204
AutoNation, Inc.^*		2,274		106,833
Williams-Sonoma, Inc.		2,012		104,886
Sally Beauty Holdings, Inc.^*		3,462		101,817
Urban Outfitters, Inc.^*		3,329		91,548
Cabela's, Inc.^*		1,825		91,360
CST Brands, Inc.		2,033		87,582
American Eagle Outfitters, Inc.		5,410		86,181
J.C. Penney Company, Inc.^*		9,319		82,753
GameStop Corp. — Class A		3,098		82,345
PriceSmart, Inc.		877		82,061
HSN, Inc.		1,637		80,098
Five Below, Inc.^*		1,680		77,969
Penske Automotive Group, Inc.		2,390		75,189
Dillard's, Inc. — Class A		1,219		73,871
Big Lots, Inc.		1,458		73,060
Office Depot, Inc.^*		20,530		67,954
DSW, Inc. — Class A		3,040		64,387
Lithia Motors, Inc. — Class A		900		63,963
Children's Place, Inc.		771		61,819
GNC Holdings, Inc. — Class A		2,541		61,721
Sears Holdings Corp.^*		4,226		57,516
Ascena Retail Group, Inc.^*		8,126		56,801
Buckle, Inc.		2,146		55,775
Restoration Hardware Holdings, Inc.^*		1,930		55,352
Genesco, Inc.^*		857		55,114
Guess?, Inc.		3,627		54,586
Express, Inc.^*		3,640		52,816
Abercrombie & Fitch Co. — Class A		2,946		52,468
Asbury Automotive Group, Inc.^*		970		51,158
Caleres, Inc.		2,050		49,631
Finish Line, Inc. — Class A		2,426		48,981
Group 1 Automotive, Inc.		977		48,225
Barnes & Noble, Inc.		3,998		45,377
Hibbett Sports, Inc.^*		1,230		42,792
Vitamin Shoppe, Inc.^*		1,371		41,911
Outerwall, Inc.		950		39,900
Tailored Brands, Inc.		3,069		38,854
Lumber Liquidators Holdings, Inc.^*		2,230		34,387
Francesca's Holdings Corp.^*		3,010		33,261
Pier 1 Imports, Inc.		6,307		32,418
Total Retail				10,863,458
Internet - 18.8%
Amazon.com, Inc.^*		1,262		903,111
Priceline Group, Inc.^*		297		370,777
Netflix, Inc.^*		3,266		298,774
JD.com, Inc. ADR^*		10,937		232,193
Expedia, Inc.		1,845		196,124
Ctrip.com International Ltd. ADR^*		3,730		153,676
TripAdvisor, Inc.^*		2,354		151,362
Vipshop Holdings Ltd. ADR^*		11,068		123,630
Wayfair, Inc. — Class A^*		2,260		88,140
Groupon, Inc. — Class A^*		19,990		64,968
Shutterfly, Inc.^*		1,331		62,038
Total Internet				2,644,793
Distribution & Wholesale - 2.3%
LKQ Corp.^*		4,723		149,719
Pool Corp.		1,050		98,732
Core-Mark Holding Company, Inc.		1,550		72,633
Total Distribution & Wholesale				321,084
Commercial Services - 1.2%
Monro Muffler Brake, Inc.		1,090		69,280
Aaron's, Inc.		2,811		61,533
Rent-A-Center, Inc.		3,259		40,021
Total Commercial Services				170,834
Oil & Gas - 0.6%
Murphy USA, Inc.^*		1,131		83,875
Leisure Time - 0.5%
Liberty TripAdvisor Holdings, Inc. — Class A^*		2,897		63,386
Home Furnishings - 0.3%
Select Comfort Corp.^*		2,262		48,362
Total Common Stocks
(Cost $10,951,938)				14,195,792

Retailing Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Face Amount		Value
REPURCHASE AGREEMENT^††,1 - 0.9%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	119,720	$	119,720
Total Repurchase Agreement
(Cost $119,720)				119,720
Total Investments - 101.9%
(Cost $11,071,658)			$	14,315,512
Other Assets & Liabilities, net - (1.9)%				(268,240	)
Total Net Assets - 100.0%			$	14,047,272

*	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

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 2		Level 3		Total
Common Stocks	$	14,195,792	$	—	$	—	$	14,195,792
Repurchase Agreement		—		119,720		—		119,720
Total	$	14,195,792	$	119,720	$	—	$	14,315,512

For the period ended June 30, 2016, there were no transfers between levels.

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 77.6%
Financial - 20.1%
Gramercy Property Trust		1,887	$	17,398
Healthcare Realty Trust, Inc.		465		16,270
Medical Properties Trust, Inc.		1,059		16,107
DuPont Fabros Technology, Inc.		332		15,784
PrivateBancorp, Inc. — Class A		352		15,499
Prosperity Bancshares, Inc.		301		15,348
Umpqua Holdings Corp.		990		15,315
FirstMerit Corp.		742		15,040
Investors Bancorp, Inc.		1,337		14,814
First Industrial Realty Trust, Inc.		520		14,466
CNO Financial Group, Inc.		805		14,055
Bank of the Ozarks, Inc.		374		14,032
Webster Financial Corp.		410		13,920
New Residential Investment Corp. REIT		1,004		13,895
Education Realty Trust, Inc.		295		13,611
CoreSite Realty Corp.		148		13,126
Physicians Realty Trust		601		12,627
National Health Investors, Inc.		168		12,615
Primerica, Inc.		212		12,135
Ellie Mae, Inc.^*		131		12,006
Urban Edge Properties		400		11,945
RLI Corp.		173		11,899
RLJ Lodging Trust		548		11,755
FNB Corp.		936		11,737
Sunstone Hotel Investors, Inc.		966		11,660
QTS Realty Trust, Inc. — Class A		207		11,588
MB Financial, Inc.		315		11,428
GEO Group, Inc.		332		11,348
LaSalle Hotel Properties		480		11,318
Acadia Realty Trust		316		11,224
United Bankshares, Inc.		296		11,103
Wintrust Financial Corp.		215		10,965
IBERIABANK Corp.		183		10,931
Mack-Cali Realty Corp.		400		10,800
Home BancShares, Inc.		539		10,667
UMB Financial Corp.		199		10,589
Fulton Financial Corp.		773		10,436
Kite Realty Group Trust		372		10,427
Lexington Realty Trust		1,022		10,332
Washington Real Estate Investment Trust		326		10,256
Hudson Pacific Properties, Inc.		350		10,213
Valley National Bancorp		1,101		10,041
Washington Federal, Inc.		409		9,923
Radian Group, Inc.		952		9,920
Ryman Hospitality Properties, Inc.		194		9,826
Selective Insurance Group, Inc.		257		9,820
EastGroup Properties, Inc.		141		9,718
Cousins Properties, Inc.		933		9,703
WageWorks, Inc.^*		162		9,689
Texas Capital Bancshares, Inc.^*		207		9,679
Retail Opportunity Investments Corp.		445		9,643
Cathay General Bancorp		334		9,419
First Financial Bankshares, Inc.		287		9,411
PS Business Parks, Inc.		88		9,335
WP GLIMCHER, Inc.		822		9,197
Stifel Financial Corp.^*		289		9,088
MGIC Investment Corp.^*		1,525		9,074
Glacier Bancorp, Inc.		340		9,037
Janus Capital Group, Inc.		649		9,035
Hancock Holding Co.		346		9,034
Sterling Bancorp		565		8,871
BancorpSouth, Inc.		389		8,826
First Citizens BancShares, Inc. — Class A		34		8,803
LTC Properties, Inc.		170		8,794
Colony Starwood Homes		288		8,761
Pinnacle Financial Partners, Inc.		178		8,695
Pebblebrook Hotel Trust		320		8,400
BGC Partners, Inc. — Class A		963		8,387
Enstar Group Ltd.^*		51		8,262
Great Western Bancorp, Inc.		261		8,232
Blackhawk Network Holdings, Inc.^*		245		8,205
DiamondRock Hospitality Co.		898		8,109
Capitol Federal Financial, Inc.		573		7,993
Community Bank System, Inc.		193		7,930
Xenia Hotels & Resorts, Inc.		466		7,819
Colony Capital, Inc. — Class A		504		7,736
Monogram Residential Trust, Inc.		752		7,678
Evercore Partners, Inc. — Class A		173		7,644
Alexander & Baldwin, Inc.		209		7,554
Trustmark Corp.		301		7,480
CVB Financial Corp.		455		7,457
Old National Bancorp		594		7,443
Select Income REIT		283		7,355
American Assets Trust, Inc.		173		7,342
Columbia Banking System, Inc.		260		7,296
STAG Industrial, Inc.		306		7,286
South State Corp.		107		7,281
Government Properties Income Trust		314		7,241
Essent Group Ltd.^*		330		7,197
Kennedy-Wilson Holdings, Inc.		371		7,034
Hilltop Holdings, Inc.^*		335		7,032
CBL & Associates Properties, Inc.		747		6,955
Ramco-Gershenson Properties Trust		353		6,922
Hatteras Financial Corp.		422		6,921
Invesco Mortgage Capital, Inc. REIT		504		6,900
New York REIT, Inc.		737		6,817
EverBank Financial Corp.		458		6,806
Argo Group International Holdings Ltd.		131		6,778
Pennsylvania Real Estate Investment Trust		306		6,564
Eagle Bancorp, Inc.^*		136		6,543
Northwest Bancshares, Inc.		430		6,377
International Bancshares Corp.		243		6,340
Chemical Financial Corp.		170		6,339
First Midwest Bancorp, Inc.		358		6,286
Astoria Financial Corp.		410		6,285

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 77.5% (continued)
Financial - 20.1% (continued)
TowneBank		289	$	6,265
LendingClub Corp.^*		1,455		6,257
Potlatch Corp.		183		6,240
Chesapeake Lodging Trust		268		6,231
Rexford Industrial Realty, Inc.		292		6,158
Horace Mann Educators Corp.		182		6,150
Financial Engines, Inc.		237		6,131
Simmons First National Corp. — Class A		132		6,096
Waddell & Reed Financial, Inc. — Class A		351		6,044
Parkway Properties, Inc.		361		6,040
Sabra Health Care REIT, Inc.		291		6,005
Global Net Lease, Inc.		754		5,993
Renasant Corp.		182		5,884
Genworth Financial, Inc. — Class A^*		2,226		5,743
CYS Investments, Inc.		680		5,692
Park National Corp.		62		5,690
United Community Banks, Inc.		310		5,670
Banner Corp.		133		5,658
Yadkin Financial Corp.		221		5,545
Four Corners Property Trust, Inc.		267		5,498
Kemper Corp.		177		5,483
Seritage Growth Properties		110		5,482
NBT Bancorp, Inc.		191		5,468
Westamerica Bancorporation		110		5,419
First Financial Bancorp		276		5,368
Provident Financial Services, Inc.		273		5,362
LegacyTexas Financial Group, Inc.		199		5,355
Franklin Street Properties Corp.		435		5,337
Independent Bank Corp.		116		5,301
AMERISAFE, Inc.		86		5,265
Kearny Financial Corp.		414		5,208
BBCN Bancorp, Inc.		349		5,207
ServisFirst Bancshares, Inc.		104		5,137
American Equity Investment Life Holding Co.		360		5,130
Summit Hotel Properties, Inc.		387		5,124
WisdomTree Investments, Inc.		515		5,042
PRA Group, Inc.^*		206		4,972
Terreno Realty Corp.		192		4,967
PennyMac Mortgage Investment Trust		306		4,966
Talmer Bancorp, Inc. — Class A		259		4,965
WesBanco, Inc.		159		4,937
Agree Realty Corp.		102		4,920
Union Bankshares Corp.		194		4,794
BofI Holding, Inc.^*		270		4,782
Redwood Trust, Inc.		342		4,723
HFF, Inc. — Class A		163		4,708
Navigators Group, Inc.		50		4,599
National General Holdings Corp.		214		4,584
First Merchants Corp.		182		4,537
Ameris Bancorp		152		4,514
FCB Financial Holdings, Inc. — Class A^*		132		4,488
Boston Private Financial Holdings, Inc.		367		4,323
Stewart Information Services Corp.		103		4,265
Tompkins Financial Corp.		65		4,225
Aircastle Ltd.		215		4,205
Employers Holdings, Inc.		144		4,179
Apollo Commercial Real Estate Finance, Inc.		260		4,178
Capstead Mortgage Corp.		426		4,132
WSFS Financial Corp.		128		4,120
Alexander's, Inc.		10		4,092
United Fire Group, Inc.		96		4,073
St. Joe Co.^*		227		4,022
Beneficial Bancorp, Inc.^*		315		4,007
MBIA, Inc.^*		584		3,989
Safety Insurance Group, Inc.		64		3,941
Banc of California, Inc.		216		3,910
Infinity Property & Casualty Corp.		48		3,872
FelCor Lodging Trust, Inc.		613		3,819
BNC Bancorp		167		3,793
Monmouth Real Estate Investment Corp.		283		3,753
S&T Bancorp, Inc.		153		3,741
Cohen & Steers, Inc.		92		3,720
Chatham Lodging Trust		168		3,693
Berkshire Hills Bancorp, Inc.		137		3,688
New Senior Investment Group, Inc.		342		3,653
First Commonwealth Financial Corp.		394		3,625
Hannon Armstrong Sustainable Infrastructure Capital, Inc.		165		3,564
CareTrust REIT, Inc.		256		3,528
Investors Real Estate Trust		542		3,507
Third Point Reinsurance Ltd.^*		297		3,481
Heartland Financial USA, Inc.		98		3,458
Brookline Bancorp, Inc.		311		3,430
Southside Bancshares, Inc.		111		3,420
FNFV Group^*		296		3,395
Lakeland Financial Corp.		72		3,385
Ambac Financial Group, Inc.^*		203		3,341
Wilshire Bancorp, Inc.		320		3,334
ARMOUR Residential REIT, Inc.		166		3,320
Hanmi Financial Corp.		140		3,289
American Capital Mortgage Investment Corp.		206		3,253
Tier REIT, Inc.		211		3,234
CenterState Banks, Inc.		205		3,229
Maiden Holdings Ltd.		263		3,219
State Bank Financial Corp.		157		3,195
Meridian Bancorp, Inc.		216		3,192
Hersha Hospitality Trust		186		3,190
Central Pacific Financial Corp.		134		3,162
Universal Health Realty Income Trust		55		3,145
RE/MAX Holdings, Inc. — Class A		78		3,140
PHH Corp.^*		235		3,130

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 77.5% (continued)
Financial - 20.1% (continued)
Nelnet, Inc. — Class A		90	$	3,127
iStar, Inc.^*		325		3,117
Rouse Properties, Inc.		170		3,103
InfraREIT, Inc.		176		3,087
KCG Holdings, Inc. — Class A^*		232		3,086
Sandy Spring Bancorp, Inc.		106		3,080
Cardinal Financial Corp.		140		3,072
City Holding Co.		66		3,001
New York Mortgage Trust, Inc. REIT		491		2,995
First Busey Corp.		138		2,952
Pacific Premier Bancorp, Inc.^*		122		2,928
Urstadt Biddle Properties, Inc. — Class A		118		2,924
United Financial Bancorp, Inc.		223		2,895
Northfield Bancorp, Inc.		189		2,803
Walker & Dunlop, Inc.^*		123		2,802
Oritani Financial Corp.		173		2,766
Cedar Realty Trust, Inc.		370		2,749
Customers Bancorp, Inc.^*		109		2,739
Universal Insurance Holdings, Inc.		147		2,731
FBL Financial Group, Inc. — Class A		45		2,730
Stock Yards Bancorp, Inc.		95		2,682
Saul Centers, Inc.		43		2,654
Greenlight Capital Re Ltd. — Class A^*		131		2,641
Diamond Hill Investment Group, Inc.		14		2,638
TrustCo Bank Corp. NY		408		2,615
Opus Bank		76		2,569
Piper Jaffray Cos.^*		68		2,564
Capital Bank Financial Corp. — Class A		89		2,563
Washington Trust Bancorp, Inc.		67		2,541
Silver Bay Realty Trust Corp.		149		2,538
Getty Realty Corp.		118		2,531
Encore Capital Group, Inc.^*		107		2,518
First Interstate BancSystem, Inc. — Class A		89		2,501
Flushing Financial Corp.		125		2,485
TriCo Bancshares		90		2,484
Cass Information Systems, Inc.		48		2,482
Investment Technology Group, Inc.		148		2,475
NorthStar Realty Europe Corp.		264		2,442
Dime Community Bancshares, Inc.		142		2,415
First Potomac Realty Trust		262		2,410
Community Trust Bancorp, Inc.		69		2,392
National Bank Holdings Corp. — Class A		117		2,382
Enterprise Financial Services Corp.		85		2,371
OM Asset Management plc		177		2,363
Heritage Financial Corp.		133		2,338
Flagstar Bancorp, Inc.^*		94		2,295
1st Source Corp.		70		2,267
MainSource Financial Group, Inc.		102		2,249
Bryn Mawr Bank Corp.		75		2,190
National Storage Affiliates Trust		104		2,165
Altisource Residential Corp.		235		2,160
James River Group Holdings Ltd.		63		2,139
Seacoast Banking Corporation of Florida^*		131		2,127
CatchMark Timber Trust, Inc. — Class A		174		2,126
HomeStreet, Inc.^*		106		2,112
BancFirst Corp.		35		2,111
First BanCorp^*		530		2,104
Independent Bank Group, Inc.		49		2,103
Bridge Bancorp, Inc.		74		2,102
Ladder Capital Corp. — Class A		171		2,086
Easterly Government Properties, Inc.		105		2,072
German American Bancorp, Inc.		64		2,046
Anworth Mortgage Asset Corp.		429		2,016
Greenhill & Company, Inc.		125		2,013
Virtu Financial, Inc. — Class A		111		1,998
WMIH Corp.^*		898		1,993
Virtus Investment Partners, Inc.		28		1,993
ConnectOne Bancorp, Inc.		127		1,993
Lakeland Bancorp, Inc.		175		1,992
CoBiz Financial, Inc.		167		1,954
National Western Life Group, Inc. — Class A		10		1,953
Meta Financial Group, Inc.		38		1,936
Armada Hoffler Properties, Inc.		139		1,910
Apollo Residential Mortgage, Inc.		142		1,903
Ashford Hospitality Trust, Inc.		352		1,890
Camden National Corp.		45		1,890
Moelis & Co. — Class A		84		1,890
Westwood Holdings Group, Inc.		36		1,865
International. FCStone, Inc.^*		68		1,856
Forestar Group, Inc.^*		155		1,843
First of Long Island Corp.		64		1,835
AG Mortgage Investment Trust, Inc.		126		1,819
Univest Corporation of Pennsylvania		86		1,808
PJT Partners, Inc. — Class A		78		1,794
Great Southern Bancorp, Inc.		48		1,775
Whitestone REIT — Class B		117		1,764
Resource Capital Corp.		135		1,736
Nationstar Mortgage Holdings, Inc.^*		154		1,734
Waterstone Financial, Inc.		113		1,732
Western Asset Mortgage Capital Corp. REIT		184		1,728
Gladstone Commercial Corp.		100		1,689
CU Bancorp^*		74		1,682
Stonegate Bank		52		1,678
Mercantile Bank Corp.		70		1,670
OceanFirst Financial Corp.		91		1,653
Financial Institutions, Inc.		63		1,642

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 77.5% (continued)
Financial - 20.1% (continued)
Ashford Hospitality Prime, Inc.		116	$	1,640
Park Sterling Corp.		230		1,631
Suffolk Bancorp		52		1,628
Marcus & Millichap, Inc.^*		64		1,626
Blue Hills Bancorp, Inc.		110		1,624
First Financial Corp.		44		1,611
OFG Bancorp		194		1,610
Citizens, Inc.^*		209		1,588
Preferred Bank/Los Angeles CA		55		1,588
First Community Bancshares, Inc.		70		1,571
CorEnergy Infrastructure Trust, Inc.		54		1,558
First Defiance Financial Corp.		40		1,554
Peoples Bancorp, Inc.		71		1,547
First Bancorp		87		1,529
State Auto Financial Corp.		69		1,512
Preferred Apartment Communities, Inc. — Class A		102		1,501
NexPoint Residential Trust, Inc.		82		1,492
Ares Commercial Real Estate Corp.		121		1,487
Arrow Financial Corp.		49		1,484
Clifton Bancorp, Inc.		98		1,477
Independence Realty Trust, Inc.		178		1,456
One Liberty Properties, Inc.		61		1,455
Altisource Portfolio Solutions S.A.^*		52		1,448
Fidelity Southern Corp.		92		1,442
QCR Holdings, Inc.		53		1,441
State National Companies, Inc.		136		1,432
Bank Mutual Corp.		184		1,413
Heritage Insurance Holdings, Inc.		118		1,412
Dynex Capital, Inc.		201		1,395
HomeTrust Bancshares, Inc.^*		75		1,388
Southwest Bancorp, Inc.		81		1,371
Pacific Continental Corp.		87		1,367
Cowen Group, Inc. — Class A^*		460		1,362
TriState Capital Holdings, Inc.^*		99		1,359
West Bancorporation, Inc.		72		1,338
Arlington Asset Investment Corp. — Class A		102		1,327
Federal Agricultural Mortgage Corp. — Class C		38		1,323
Bank of Marin Bancorp		27		1,306
Independent Bank Corp.		90		1,306
Peapack Gladstone Financial Corp.		70		1,296
Nicolet Bankshares, Inc.^*		34		1,295
United Insurance Holdings Corp.		79		1,294
Franklin Financial Network, Inc.^*		41		1,286
RAIT Financial Trust		410		1,283
World Acceptance Corp.^*		28		1,277
Houlihan Lokey, Inc.		57		1,275
Fidelity & Guaranty Life		55		1,275
United Community Financial Corp.		208		1,265
Horizon Bancorp		50		1,257
First Foundation, Inc.^*		58		1,247
OneBeacon Insurance Group Ltd. — Class A		89		1,228
Heritage Commerce Corp.		116		1,221
Allegiance Bancshares, Inc.^*		49		1,219
UMH Properties, Inc.		108		1,215
Live Oak Bancshares, Inc.		86		1,213
NMI Holdings, Inc. — Class A^*		220		1,206
Republic Bancorp, Inc. — Class A		43		1,188
Community Healthcare Trust, Inc.		56		1,184
First NBC Bank Holding Co.^*		70		1,175
Peoples Financial Services Corp.		30		1,174
eHealth, Inc.^*		82		1,150
Guaranty Bancorp		68		1,136
Safeguard Scientifics, Inc.^*		90		1,124
Triumph Bancorp, Inc.^*		70		1,120
Atlantic Capital Bancshares, Inc.^*		77		1,113
Bluerock Residential Growth REIT, Inc.		85		1,105
Citizens & Northern Corp.		54		1,092
On Deck Capital, Inc.^*		212		1,092
CNB Financial Corp.		61		1,086
Federated National Holding Co.		57		1,085
City Office REIT, Inc.		83		1,077
Ladenburg Thalmann Financial Services, Inc.^*		455		1,074
National Bankshares, Inc.		30		1,048
Global Indemnity plc — Class A^*		38		1,046
First Connecticut Bancorp, Inc.		63		1,043
GAIN Capital Holdings, Inc.		165		1,043
HCI Group, Inc.		38		1,037
National Interstate Corp.		34		1,029
MidWestOne Financial Group, Inc.		36		1,028
EMC Insurance Group, Inc.		37		1,026
Ames National Corp.		38		1,019
FRP Holdings, Inc.^*		29		1,001
Sun Bancorp, Inc.^*		48		992
Baldwin & Lyons, Inc. — Class B		40		986
Acacia Research Corp.		223		981
First Bancorp, Inc.		45		969
Farmers National Banc Corp.		110		968
RMR Group, Inc. — Class A		31		960
Bar Harbor Bankshares		27		948
Orchid Island Capital, Inc.		92		947
People's Utah Bancorp		57		946
Bancorp, Inc.^*		156		939
Enterprise Bancorp, Inc.		39		936
Territorial Bancorp, Inc.		35		926
NewStar Financial, Inc.^*		109		918
Fox Chase Bancorp, Inc.		45		915
Real Industry, Inc.^*		117		909
American National Bankshares, Inc.		36		906
Farmers Capital Bank Corp.		33		903
National Commerce Corp.^*		38		886

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 77.5% (continued)
Financial - 20.1% (continued)
Enova International, Inc.^*		119	$	876
Old Second Bancorp, Inc.		128		874
Macatawa Bank Corp.		117		868
Sierra Bancorp		52		868
Trupanion, Inc.^*		65		861
Heritage Oaks Bancorp		108		858
Consolidated-Tomoka Land Co.		18		854
First Business Financial Services, Inc.		36		845
Carolina Financial Corp.		45		841
Penns Woods Bancorp, Inc.		20		840
BankFinancial Corp.		70		839
Your Community Bankshares, Inc.		22		818
BSB Bancorp, Inc.^*		36		815
Charter Financial Corp.		61		810
Atlas Financial Holdings, Inc.^*		47		809
Green Bancorp, Inc.^*		91		794
Merchants Bancshares, Inc.		26		792
Great Ajax Corp.		57		791
Northrim BanCorp, Inc.		30		789
WashingtonFirst Bankshares, Inc.		36		778
Cascade Bancorp^*		140		776
Ocwen Financial Corp.^*		452		773
C1 Financial, Inc.^*		33		770
PennyMac Financial Services, Inc. — Class A^*		61		762
Bear State Financial, Inc.		79		745
Access National Corp.		38		741
Hingham Institution for Savings		6		738
CommunityOne Bancorp^*		58		733
Owens Realty Mortgage, Inc.		44		732
Hallmark Financial Services, Inc.^*		63		730
Avenue Financial Holdings, Inc.^*		37		727
Regional Management Corp.^*		48		704
Oppenheimer Holdings, Inc. — Class A		45		696
Higher One Holdings, Inc.^*		136		695
Codorus Valley Bancorp, Inc.		34		693
Home Bancorp, Inc.		25		687
Capital City Bank Group, Inc.		49		682
Tiptree Financial, Inc. — Class A		122		669
Old Line Bancshares, Inc.		37		666
Trinity Place Holdings, Inc.^*		86		661
MutualFirst Financial, Inc.		24		656
ACNB Corp.		26		653
SI Financial Group, Inc.		49		649
Summit Financial Group, Inc.		37		648
Shore Bancshares, Inc.		55		646
Republic First Bancorp, Inc.^*		149		642
Premier Financial Bancorp, Inc.		38		640
MBT Financial Corp.		79		632
Manning & Napier, Inc. — Class A		66		627
C&F Financial Corp.		14		627
Donegal Group, Inc. — Class A		38		627
First Mid-Illinois Bancshares, Inc.		25		625
First Northwest Bancorp^*		49		624
GAMCO Investors, Inc. — Class A		19		623
Union Bankshares, Inc.		17		618
LCNB Corp.		39		616
Southern Missouri Bancorp, Inc.		26		612
Southern National Bancorp of Virginia, Inc.		50		608
Marlin Business Services Corp.		37		603
Southern First Bancshares, Inc.^*		25		603
Associated Capital Group, Inc. — Class A		21		602
Lake Sunapee Bank Group		35		599
Orrstown Financial Services, Inc.		33		596
Veritex Holdings, Inc.^*		37		593
Farmland Partners, Inc.		51		577
Independence Holding Co.		32		575
Investors Title Co.		6		572
Middleburg Financial Corp.		21		571
Bankwell Financial Group, Inc.		25		552
Century Bancorp, Inc. — Class A		13		550
Impac Mortgage Holdings, Inc.^*		35		549
Calamos Asset Management, Inc. — Class A		75		548
First Internet Bancorp		23		548
Central Valley Community Bancorp		39		546
Westfield Financial, Inc.		70		539
First Financial Northwest, Inc.		40		531
Provident Financial Holdings, Inc.		29		531
First Community Financial Partners, Inc.^*		60		528
Stratus Properties, Inc.^*		28		524
Pzena Investment Management, Inc. — Class A		65		495
Equity Bancshares, Inc. — Class A^*		22		487
Pacific Mercantile Bancorp^*		68		483
ESSA Bancorp, Inc.		36		482
Blue Capital Reinsurance Holdings Ltd.		26		481
Crawford & Co. — Class B		55		467
Hennessy Advisors, Inc.		13		435
County Bancorp, Inc.		21		433
FBR & Co.		28		418
Chemung Financial Corp.		14		411
Silvercrest Asset Management Group, Inc. — Class A		31		379
Midland States Bancorp, Inc.^*		16		347
Provident Bancorp, Inc.^*		20		308
Hampton Roads Bankshares, Inc.^*		156		279
Walter Investment Management Corp.^*		84		232
BBX Capital Corp. — Class A^*		14		215
Greene County Bancorp, Inc.		13		212
California First National Bancorp		10		148
Medley Management, Inc. — Class A		25		147

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 77.5% (continued)
Financial - 20.1% (continued)
Fifth Street Asset Management, Inc.		24	$	97
American Independence Corp.^*		3		74
United Developement Funding IV^†††		150		–
Total Financial				1,897,728
Consumer, Non-cyclical - 15.6%
HealthSouth Corp.		400		15,528
PAREXEL International Corp.^*		236		14,839
Deluxe Corp.		219		14,535
B&G Foods, Inc.		278		13,399
Healthcare Services Group, Inc.		317		13,118
NuVasive, Inc.^*		219		13,078
Helen of Troy Ltd.^*		127		13,061
Prestige Brands Holdings, Inc.^*		235		13,019
Bright Horizons Family Solutions, Inc.^*		195		12,930
Team Health Holdings, Inc.^*		304		12,365
Snyder's-Lance, Inc.		357		12,099
Horizon Pharma plc^*		713		11,743
Darling Ingredients, Inc.^*		738		10,996
Cantel Medical Corp.		159		10,927
Lancaster Colony Corp.		85		10,847
Integra LifeSciences Holdings Corp.^*		135		10,769
Owens & Minor, Inc.		280		10,467
United Natural Foods, Inc.^*		223		10,436
Cimpress N.V.^*		112		10,358
Ligand Pharmaceuticals, Inc. — Class B^*		86		10,257
Catalent, Inc.^*		441		10,138
Medicines Co.^*		300		10,089
Cepheid^*		323		9,932
Chemed Corp.		72		9,815
Masimo Corp.^*		185		9,714
Molina Healthcare, Inc.^*		193		9,630
Impax Laboratories, Inc.^*		326		9,395
Neogen Corp.^*		166		9,337
Myriad Genetics, Inc.^*		301		9,211
TESARO, Inc.^*		109		9,161
ABM Industries, Inc.		250		9,120
Monro Muffler Brake, Inc.		141		8,962
CEB, Inc.		145		8,943
Vector Group Ltd.		393		8,811
Novavax, Inc.^*		1,206		8,768
Kite Pharma, Inc.^*		174		8,700
AMN Healthcare Services, Inc.^*		211		8,434
On Assignment, Inc.^*		228		8,424
Nektar Therapeutics^*		580		8,253
J&J Snack Foods Corp.		69		8,230
Grand Canyon Education, Inc.^*		202		8,064
Cardtronics, Inc.^*		202		8,042
Wright Medical Group N.V.^*		459		7,973
Matthews International Corp. — Class A		143		7,956
Exelixis, Inc.^*		1,015		7,927
Ultragenyx Pharmaceutical, Inc.^*		162		7,923
Sanderson Farms, Inc.		91		7,884
Fresh Del Monte Produce, Inc.		144		7,838
Nevro Corp.^*		106		7,819
Insulet Corp.^*		257		7,772
FTI Consulting, Inc.^*		188		7,647
WD-40 Co.		64		7,517
Ironwood Pharmaceuticals, Inc. — Class A^*		573		7,492
ICU Medical, Inc.^*		66		7,441
Dean Foods Co.		411		7,435
Globus Medical, Inc. — Class A^*		311		7,411
Avon Products, Inc.		1,948		7,363
Cambrex Corp.^*		141		7,293
Magellan Health, Inc.^*		110		7,235
Bluebird Bio, Inc.^*		164		7,100
Diplomat Pharmacy, Inc.^*		202		7,070
Boston Beer Company, Inc. — Class A^*		41		7,012
Incorporated Research Holdings, Inc. — Class A^*		183		6,977
Ophthotech Corp.^*		135		6,889
Halyard Health, Inc.^*		210		6,829
Tumi Holdings, Inc.^*		253		6,765
Penumbra, Inc.^*		113		6,724
Haemonetics Corp.^*		230		6,668
HMS Holdings Corp.^*		376		6,621
Travelport Worldwide Ltd.		513		6,612
Advisory Board Co.^*		185		6,547
Sotheby's		235		6,439
Aaron's, Inc.		291		6,370
Amedisys, Inc.^*		126		6,360
ExamWorks Group, Inc.^*		179		6,238
NxStage Medical, Inc.^*		285		6,179
Cal-Maine Foods, Inc.		138		6,116
LifeLock, Inc.^*		380		6,008
Intra-Cellular Therapies, Inc.^*		152		5,901
Community Health Systems, Inc.^*		488		5,880
CONMED Corp.		123		5,871
Huron Consulting Group, Inc.^*		97		5,861
ARIAD Pharmaceuticals, Inc.^*		786		5,809
Air Methods Corp.^*		162		5,804
HealthEquity, Inc.^*		191		5,804
Brink's Co.		203		5,783
Universal Corp.		100		5,774
Surgical Care Affiliates, Inc.^*		119		5,673
TherapeuticsMD, Inc.^*		667		5,670
SUPERVALU, Inc.^*		1,187		5,604
Pacira Pharmaceuticals, Inc.^*		165		5,565
Natus Medical, Inc.^*		146		5,519
Insperity, Inc.		71		5,483
Prothena Corporation plc^*		154		5,384
Depomed, Inc.^*		272		5,337
Exact Sciences Corp.^*		432		5,292
Korn/Ferry International		254		5,258
Radius Health, Inc.^*		142		5,219
Select Medical Holdings Corp.^*		478		5,196
Portola Pharmaceuticals, Inc.^*		220		5,192
Alder Biopharmaceuticals, Inc.^*		207		5,169
Cynosure, Inc. — Class A^*		106		5,156
SpartanNash Co.		167		5,107
DeVry Education Group, Inc.		281		5,013
ACCO Brands Corp.^*		477		4,927
Five Prime Therapeutics, Inc.^*		119		4,921

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 77.5% (continued)
Consumer, Non-cyclical - 15.6% (continued)
Acorda Therapeutics, Inc.^*		192	$	4,897
Calavo Growers, Inc.		70		4,690
Abaxis, Inc.		99		4,676
Analogic Corp.		57		4,528
Ensign Group, Inc.		215		4,517
Endologix, Inc.^*		359		4,473
LDR Holding Corp.^*		121		4,471
PRA Health Sciences, Inc.^*		107		4,468
Performance Food Group Co.^*		166		4,467
Arena Pharmaceuticals, Inc.^*		2,608		4,460
HeartWare International, Inc.^*		77		4,447
Green Dot Corp. — Class A^*		192		4,414
EVERTEC, Inc.		283		4,398
Celator Pharmaceuticals, Inc.^*		144		4,345
Zeltiq Aesthetics, Inc.^*		157		4,291
Andersons, Inc.		120		4,265
Kindred Healthcare, Inc.		376		4,245
Supernus Pharmaceuticals, Inc.^*		207		4,217
Greatbatch, Inc.^*		136		4,206
Halozyme Therapeutics, Inc.^*		486		4,194
Acceleron Pharma, Inc.^*		123		4,180
Paylocity Holding Corp.^*		95		4,104
Achillion Pharmaceuticals, Inc.^*		524		4,087
Repligen Corp.^*		149		4,077
Emergent BioSolutions, Inc.^*		144		4,049
TriNet Group, Inc.^*		187		3,888
Spark Therapeutics, Inc.^*		76		3,886
MacroGenics, Inc.^*		142		3,833
Merit Medical Systems, Inc.^*		193		3,827
Innoviva, Inc.		363		3,822
FibroGen, Inc.^*		232		3,807
AMAG Pharmaceuticals, Inc.^*		157		3,755
Inogen, Inc.^*		74		3,708
MiMedx Group, Inc.^*		459		3,663
Sarepta Therapeutics, Inc.^*		192		3,661
Theravance Biopharma, Inc.^*		161		3,653
Meridian Bioscience, Inc.		187		3,647
TrueBlue, Inc.^*		190		3,595
Luminex Corp.^*		177		3,581
Spectranetics Corp.^*		191		3,574
Sage Therapeutics, Inc.^*		117		3,525
Apollo Education Group, Inc. — Class A^*		384		3,502
Navigant Consulting, Inc.^*		213		3,440
National Beverage Corp.^*		54		3,392
Anika Therapeutics, Inc.^*		63		3,380
ICF International, Inc.^*		82		3,354
US Physical Therapy, Inc.		55		3,312
Orthofix International N.V.^*		78		3,307
Central Garden & Pet Co. — Class A^*		152		3,300
NutriSystem, Inc.		130		3,297
McGrath RentCorp		107		3,273
PharMerica Corp.^*		132		3,255
Puma Biotechnology, Inc.^*		109		3,247
Team, Inc.^*		130		3,228
National Healthcare Corp.		49		3,172
Vascular Solutions, Inc.^*		75		3,125
Momenta Pharmaceuticals, Inc.^*		289		3,121
Coca-Cola Bottling Company Consolidated		21		3,097
Amicus Therapeutics, Inc.^*		567		3,096
Relypsa, Inc.^*		167		3,090
Cempra, Inc.^*		185		3,051
Synergy Pharmaceuticals, Inc.^*		802		3,048
Tootsie Roll Industries, Inc.		79		3,044
Quad/Graphics, Inc.		129		3,004
ZIOPHARM Oncology, Inc.^*		541		2,970
Lannett Company, Inc.^*		124		2,950
Merrimack Pharmaceuticals, Inc.^*		543		2,927
SciClone Pharmaceuticals, Inc.^*		224		2,925
Seaboard Corp.^*		1		2,871
Retrophin, Inc.^*		161		2,867
LHC Group, Inc.^*		66		2,856
Rent-A-Center, Inc.		232		2,849
Adeptus Health, Inc. — Class A^*		55		2,841
Viad Corp.		91		2,821
Cerus Corp.^*		450		2,808
Inovio Pharmaceuticals, Inc.^*		298		2,754
Dermira, Inc.^*		93		2,720
Xencor, Inc.^*		143		2,716
Lexicon Pharmaceuticals, Inc.^*		189		2,712
Insmed, Inc.^*		275		2,712
Capella Education Co.		51		2,685
Novocure Ltd.^*		224		2,614
Cardiovascular Systems, Inc.^*		142		2,609
Providence Service Corp.^*		58		2,603
Amphastar Pharmaceuticals, Inc.^*		161		2,595
Heron Therapeutics, Inc.^*		143		2,581
Atrion Corp.		6		2,567
USANA Health Sciences, Inc.^*		23		2,563
Triple-S Management Corp. — Class B^*		104		2,541
Kelly Services, Inc. — Class A		133		2,523
Dynavax Technologies Corp.^*		172		2,508
LendingTree, Inc.^*		28		2,473
Pacific Biosciences of California, Inc.^*		339		2,385
Resources Connection, Inc.		161		2,380
Ingles Markets, Inc. — Class A		63		2,350
Keryx Biopharmaceuticals, Inc.^*		354		2,343
PDL BioPharma, Inc.		739		2,320
Atara Biotherapeutics, Inc.^*		103		2,319
Strayer Education, Inc.^*		47		2,309
CBIZ, Inc.^*		221		2,301
Seres Therapeutics, Inc.^*		79		2,295
Array BioPharma, Inc.^*		644		2,293
Inter Parfums, Inc.		79		2,257
Capital Senior Living Corp.^*		126		2,226
Coherus Biosciences, Inc.^*		130		2,196
Ennis, Inc.		114		2,187
Genomic Health, Inc.^*		84		2,175
Quidel Corp.^*		121		2,161
Glaukos Corp.^*		74		2,158
Weis Markets, Inc.		42		2,123

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 77.5% (continued)
Consumer, Non-cyclical - 15.6% (continued)
MGP Ingredients, Inc.		55	$	2,103
Raptor Pharmaceutical Corp.^*		381		2,046
RPX Corp.^*		223		2,045
Cross Country Healthcare, Inc.^*		144		2,004
Omega Protein Corp.^*		100		1,999
AtriCure, Inc.^*		140		1,978
BioTelemetry, Inc.^*		121		1,972
Spectrum Pharmaceuticals, Inc.^*		300		1,971
American Public Education, Inc.^*		70		1,967
ANI Pharmaceuticals, Inc.^*		35		1,954
Clovis Oncology, Inc.^*		142		1,948
Universal American Corp.		257		1,948
NeoGenomics, Inc.^*		238		1,914
K12, Inc.^*		153		1,911
Amplify Snack Brands, Inc.^*		129		1,903
CorVel Corp.^*		44		1,900
Celldex Therapeutics, Inc.^*		429		1,883
Aerie Pharmaceuticals, Inc.^*		106		1,866
Epizyme, Inc.^*		182		1,864
Vanda Pharmaceuticals, Inc.^*		166		1,858
Accuray, Inc.^*		357		1,853
Kforce, Inc.		109		1,841
Geron Corp.^*		678		1,817
Sangamo BioSciences, Inc.^*		312		1,806
XenoPort, Inc.^*		256		1,802
Corcept Therapeutics, Inc.^*		330		1,802
Blueprint Medicines Corp.^*		88		1,782
Aduro Biotech, Inc.^*		157		1,776
Career Education Corp.^*		298		1,773
K2M Group Holdings, Inc.^*		114		1,769
Omeros Corp.^*		168		1,767
SP Plus Corp.^*		78		1,761
Landauer, Inc.		42		1,729
AngioDynamics, Inc.^*		120		1,724
Invacare Corp.		141		1,710
Sagent Pharmaceuticals, Inc.^*		114		1,708
Forrester Research, Inc.		46		1,695
Otonomy, Inc.^*		106		1,683
Revlon, Inc. — Class A^*		52		1,673
MannKind Corp.^*		1,434		1,663
Lion Biotechnologies, Inc.^*		204		1,652
CryoLife, Inc.		139		1,642
Healthways, Inc.^*		141		1,629
Rockwell Medical, Inc.^*		215		1,628
John B Sanfilippo & Son, Inc.		38		1,620
XBiotech, Inc.^*		77		1,611
GenMark Diagnostics, Inc.^*		180		1,566
Enanta Pharmaceuticals, Inc.^*		71		1,566
Smart & Final Stores, Inc.^*		105		1,563
Phibro Animal Health Corp. — Class A		83		1,549
Albany Molecular Research, Inc.^*		115		1,546
Carriage Services, Inc. — Class A		65		1,539
Almost Family, Inc.^*		36		1,534
Medifast, Inc.		46		1,530
Eagle Pharmaceuticals, Inc.^*		39		1,513
Elizabeth Arden, Inc.^*		109		1,500
Accelerate Diagnostics, Inc.^*		104		1,497
Surgery Partners, Inc.^*		83		1,486
Teladoc, Inc.^*		92		1,474
Tejon Ranch Co.^*		62		1,466
Intersect ENT, Inc.^*		113		1,461
Weight Watchers International, Inc.^*		125		1,454
Organovo Holdings, Inc.^*		388		1,443
Cytokinetics, Inc.^*		152		1,442
OraSure Technologies, Inc.^*		244		1,442
Arrowhead Pharmaceuticals, Inc.^*		270		1,436
Hackett Group, Inc.		102		1,415
Quorum Health Corp.^*		131		1,403
Heidrick & Struggles International, Inc.		83		1,401
Civitas Solutions, Inc.^*		67		1,396
Natera, Inc.^*		115		1,387
Axovant Sciences Ltd.^*		108		1,387
Chefs' Warehouse, Inc.^*		86		1,376
Insys Therapeutics, Inc.^*		106		1,372
Loxo Oncology, Inc.^*		59		1,368
Vectrus, Inc.^*		48		1,368
SurModics, Inc.^*		58		1,362
Versartis, Inc.^*		121		1,338
Teligent, Inc.^*		186		1,328
Progenics Pharmaceuticals, Inc.^*		314		1,325
Agenus, Inc.^*		327		1,324
Barrett Business Services, Inc.		31		1,281
Exactech, Inc.^*		47		1,257
Aimmune Therapeutics, Inc.^*		116		1,255
Vitae Pharmaceuticals, Inc.^*		116		1,252
Trevena, Inc.^*		198		1,247
Flexion Therapeutics, Inc.^*		82		1,227
Revance Therapeutics, Inc.^*		90		1,224
Bellicum Pharmaceuticals, Inc.^*		93		1,205
Electro Rent Corp.		78		1,202
Advaxis, Inc.^*		148		1,197
Akebia Therapeutics, Inc.^*		160		1,197
Cotiviti Holdings, Inc.^*		56		1,183
Alarm.com Holdings, Inc.^*		46		1,179
ImmunoGen, Inc.^*		378		1,164
Sucampo Pharmaceuticals, Inc. — Class A^*		106		1,163
Farmer Brothers Co.^*		36		1,154
Great Lakes Dredge & Dock Corp.^*		264		1,151
American Renal Associates Holdings, Inc.^*		39		1,130
Adamas Pharmaceuticals, Inc.^*		74		1,120
Foundation Medicine, Inc.^*		60		1,120
ConforMIS, Inc.^*		158		1,109
ServiceSource International, Inc.^*		273		1,100
Primo Water Corp.^*		93		1,098
Seneca Foods Corp. — Class A^*		30		1,086
NewLink Genetics Corp.^*		96		1,081
PTC Therapeutics, Inc.^*		149		1,046
CSS Industries, Inc.		39		1,046

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 77.5% (continued)
Consumer, Non-cyclical - 15.6% (continued)
Enzo Biochem, Inc.^*		175	$	1,045
Global Blood Therapeutics, Inc.^*		62		1,029
Central Garden & Pet Co.^*		45		1,027
TG Therapeutics, Inc.^*		167		1,012
AAC Holdings, Inc.^*		44		1,004
Heska Corp.^*		27		1,004
La Jolla Pharmaceutical Co.^*		62		992
MediciNova, Inc.^*		131		989
Natural Health Trends Corp.		35		987
STAAR Surgical Co.^*		179		986
CRA International, Inc.^*		39		984
OncoMed Pharmaceuticals, Inc.^*		78		960
BioSpecifics Technologies Corp.^*		24		959
Village Super Market, Inc. — Class A		33		953
Utah Medical Products, Inc.		15		945
Monster Worldwide, Inc.^*		395		944
Aratana Therapeutics, Inc.^*		148		935
BioCryst Pharmaceuticals, Inc.^*		327		929
TerraVia Holdings, Inc.^*		354		927
Rigel Pharmaceuticals, Inc.^*		414		923
RTI Surgical, Inc.^*		257		923
CytomX Therapeutics, Inc.^*		90		919
Limoneira Co.		52		916
Zogenix, Inc.^*		113		910
Immunomedics, Inc.^*		391		907
MoneyGram International, Inc.^*		132		904
Oxford Immunotec Global plc^*		99		891
Ardelyx, Inc.^*		102		890
Paratek Pharmaceuticals, Inc.^*		64		890
RadNet, Inc.^*		165		881
Anavex Life Sciences Corp.^*		144		880
Nutraceutical International Corp.^*		37		857
LeMaitre Vascular, Inc.		60		856
InVivo Therapeutics Holdings Corp.^*		145		838
NanoString Technologies, Inc.^*		66		832
Lifevantage Corp.^*		61		830
Care.com, Inc.^*		71		829
Concert Pharmaceuticals, Inc.^*		73		820
Avexis, Inc.^*		21		798
Applied Genetic Technologies Corp.^*		56		791
Curis, Inc.^*		500		780
BioScrip, Inc.^*		304		775
Chimerix, Inc.^*		193		758
Invitae Corp.^*		101		746
BioTime, Inc.^*		284		741
Aclaris Therapeutics, Inc.^*		40		739
AxoGen, Inc.^*		107		736
Editas Medicine, Inc.^*		30		732
Athersys, Inc.^*		337		731
Bio-Path Holdings, Inc.^*		367		730
Edge Therapeutics, Inc.^*		72		728
Minerva Neurosciences, Inc.^*		71		725
OvaScience, Inc.^*		139		724
Sorrento Therapeutics, Inc.^*		129		722
REGENXBIO, Inc.^*		90		720
ARC Document Solutions, Inc.^*		185		720
Collegium Pharmaceutical, Inc.^*		60		711
Tetraphase Pharmaceuticals, Inc.^*		165		710
Ascent Capital Group, Inc. — Class A^*		46		708
Franklin Covey Co.^*		46		705
Ignyta, Inc.^*		130		705
Karyopharm Therapeutics, Inc.^*		105		705
Collectors Universe, Inc.		35		691
Durect Corp.^*		562		686
WaVe Life Sciences Ltd.^*		33		683
Pfenex, Inc.^*		81		678
PharmAthene, Inc.^*		276		673
Inventure Foods, Inc.^*		86		672
CytRx Corp.^*		298		665
Intellia Therapeutics, Inc.^*		31		662
Vital Therapies, Inc.^*		105		651
Cellular Biomedicine Group, Inc.^*		54		647
Craft Brew Alliance, Inc.^*		56		645
Esperion Therapeutics, Inc.^*		64		632
Tandem Diabetes Care, Inc.^*		83		626
MyoKardia, Inc.^*		50		620
PFSweb, Inc.^*		65		618
Idera Pharmaceuticals, Inc.^*		396		606
Zafgen, Inc.^*		101		605
Medgenics, Inc.^*		109		605
Synthetic Biologics, Inc.^*		335		603
Entellus Medical, Inc.^*		33		603
Addus HomeCare Corp.^*		34		593
Cutera, Inc.^*		52		583
Bridgepoint Education, Inc.^*		80		579
Inotek Pharmaceuticals Corp.^*		77		573
Avinger, Inc.^*		48		573
Voyager Therapeutics, Inc.^*		52		571
Trovagene, Inc.^*		126		571
Alliance One International, Inc.^*		37		570
Neos Therapeutics, Inc.^*		61		566
Symmetry Surgical, Inc.^*		43		565
Nobilis Health Corp.^*		245		546
Endocyte, Inc.^*		170		546
Anthera Pharmaceuticals, Inc.^*		176		544
Natural Grocers by Vitamin Cottage, Inc.^*		41		535
National Research Corp. — Class A		39		534
ChromaDex Corp.^*		127		526
Information Services Group, Inc.^*		137		514
T2 Biosystems, Inc.^*		65		513
Stemline Therapeutics, Inc.^*		75		508
Regulus Therapeutics, Inc.^*		172		497
Reata Pharmaceuticals, Inc. — Class A^*		25		494
Tobira Therapeutics, Inc.^*		39		490
Iridex Corp.^*		33		488
Egalet Corp.^*		98		486
Cidara Therapeutics, Inc.^*		47		485

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 77.5% (continued)
Consumer, Non-cyclical - 15.6% (continued)
Senseonics Holdings, Inc.^*		123	$	483
Neff Corp. — Class A^*		43		470
CPI Card Group, Inc.		93		466
Agile Therapeutics, Inc.^*		61		464
NantKwest, Inc.^*		74		460
Titan Pharmaceuticals, Inc.^*		83		454
Alico, Inc.		15		454
Osiris Therapeutics, Inc.		88		448
Cara Therapeutics, Inc.^*		93		447
ChemoCentryx, Inc.^*		97		436
AcelRx Pharmaceuticals, Inc.^*		156		420
Immune Design Corp.^*		50		408
Fortress Biotech, Inc.^*		151		406
Liberty Tax, Inc.		30		400
B. Riley Financial, Inc.		41		393
Patriot National, Inc.^*		48		393
iRadimed Corp.^*		18		392
Ocular Therapeutix, Inc.^*		79		391
Galena Biopharma, Inc.^*		819		382
TransEnterix, Inc.^*		308		376
Axsome Therapeutics, Inc.^*		49		369
Nature's Sunshine Products, Inc.		38		362
Synutra International, Inc.^*		94		358
Proteostasis Therapeutics, Inc.^*		28		340
GlycoMimetics, Inc.^*		45		327
Dimension Therapeutics, Inc.^*		54		324
Adverum Biotechnologies, Inc.^*		102		322
Veracyte, Inc.^*		64		322
Mirati Therapeutics, Inc.^*		57		311
Eiger BioPharmaceuticals, Inc.^*		15		297
Genesis Healthcare, Inc.^*		167		296
Infinity Pharmaceuticals, Inc.^*		221		294
Argos Therapeutics, Inc.^*		47		288
Cambium Learning Group, Inc.^*		60		271
Turning Point Brands, Inc.^*		26		267
Ampio Pharmaceuticals, Inc.^*		194		250
Tokai Pharmaceuticals, Inc.^*		44		242
Asterias Biotherapeutics, Inc.^*		100		240
Second Sight Medical Products, Inc.^*		63		226
Lipocine, Inc.^*		73		222
Corvus Pharmaceuticals, Inc.^*		15		214
Lifeway Foods, Inc.^*		22		213
Syndax Pharmaceuticals, Inc.^*		21		207
vTv Therapeutics, Inc. — Class A^*		34		197
USMD Holdings, Inc.^*		10		187
Griffin Land & Nurseries, Inc.		4		123
ViewRay, Inc.^*		29		119
Total Consumer, Non-cyclical				1,473,211
Industrial - 10.2%
Curtiss-Wright Corp.		199		16,765
Teledyne Technologies, Inc.^*		153		15,154
Woodward, Inc.		237		13,662
EMCOR Group, Inc.		273		13,449
CLARCOR, Inc.		214		13,017
Universal Display Corp.^*		185		12,542
Dycom Industries, Inc.^*		136		12,207
EnerSys		196		11,657
Littelfuse, Inc.		98		11,583
Belden, Inc.		189		11,411
XPO Logistics, Inc.^*		433		11,371
Tech Data Corp.^*		157		11,280
Louisiana-Pacific Corp.^*		645		11,191
Generac Holdings, Inc.^*		292		10,208
Coherent, Inc.^*		108		9,913
Joy Global, Inc.		436		9,217
Drew Industries, Inc.		106		8,993
Masonite International Corp.^*		135		8,930
Sanmina Corp.^*		330		8,847
Esterline Technologies Corp.^*		134		8,312
Universal Forest Products, Inc.		89		8,249
Mueller Industries, Inc.		255		8,128
Granite Construction, Inc.		177		8,062
Tetra Tech, Inc.		261		8,024
Mueller Water Products, Inc. — Class A		700		7,993
John Bean Technologies Corp.		130		7,959
GATX Corp.		181		7,959
Hillenbrand, Inc.		264		7,931
Knight Transportation, Inc.		298		7,921
IMAX Corp.^*		264		7,783
Triumph Group, Inc.		218		7,739
Kennametal, Inc.		349		7,716
Moog, Inc. — Class A^*		143		7,711
Vishay Intertechnology, Inc.		611		7,570
Simpson Manufacturing Company, Inc.		188		7,514
Barnes Group, Inc.		225		7,452
RBC Bearings, Inc.^*		102		7,395
Applied Industrial Technologies, Inc.		163		7,358
Rexnord Corp.^*		373		7,322
MSA Safety, Inc.		139		7,301
KLX, Inc.^*		235		7,285
Watts Water Technologies, Inc. — Class A		125		7,283
AZZ, Inc.		116		6,958
Franklin Electric Company, Inc.		208		6,874
Advanced Energy Industries, Inc.^*		177		6,719
Exponent, Inc.		114		6,659
MasTec, Inc.^*		298		6,651
Smith & Wesson Holding Corp.^*		244		6,632
Itron, Inc.^*		152		6,551
Plexus Corp.^*		150		6,480
Proto Labs, Inc.^*		110		6,332
Brady Corp. — Class A		206		6,295
Matson, Inc.		194		6,265
TopBuild Corp.^*		170		6,154
Golar LNG Ltd.		393		6,092
Actuant Corp. — Class A		264		5,969
Trex Company, Inc.^*		132		5,929
Forward Air Corp.		133		5,922
Apogee Enterprises, Inc.		127		5,886
Hub Group, Inc. — Class A^*		152		5,832
Headwaters, Inc.^*		325		5,830
TASER International, Inc.^*		234		5,822
Fabrinet^*		156		5,791

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 77.5% (continued)
Industrial - 10.2% (continued)
Summit Materials, Inc. — Class A^*		280	$	5,729
Methode Electronics, Inc.		165		5,648
Comfort Systems USA, Inc.		169		5,504
Trinseo S.A.		127		5,452
Nordic American Tankers Ltd.		390		5,417
Knowles Corp.^*		395		5,404
Sturm Ruger & Company, Inc.		84		5,377
Swift Transportation Co. — Class A^*		336		5,178
Albany International Corp. — Class A		129		5,151
Kaman Corp.		120		5,102
KapStone Paper and Packaging Corp.		386		5,022
Rogers Corp.^*		82		5,010
AAON, Inc.		182		5,007
II-VI, Inc.^*		265		4,971
Astec Industries, Inc.		88		4,941
Aerojet Rocketdyne Holdings, Inc.^*		268		4,899
GoPro, Inc. — Class A^*		447		4,832
Standex International Corp.		57		4,710
Benchmark Electronics, Inc.^*		221		4,674
Werner Enterprises, Inc.		199		4,571
Atlas Air Worldwide Holdings, Inc.^*		110		4,556
ESCO Technologies, Inc.		114		4,553
OSI Systems, Inc.^*		78		4,534
Badger Meter, Inc.		62		4,528
US Ecology, Inc.		98		4,503
Cubic Corp.		111		4,458
Gibraltar Industries, Inc.^*		140		4,420
EnPro Industries, Inc.		98		4,350
Greif, Inc. — Class A		115		4,286
Advanced Drainage Systems, Inc.		154		4,215
Tennant Co.		78		4,202
Builders FirstSource, Inc.^*		371		4,174
CIRCOR International, Inc.		73		4,160
SPX FLOW, Inc.^*		156		4,067
Briggs & Stratton Corp.		191		4,045
Boise Cascade Co.^*		176		4,039
Tutor Perini Corp.^*		171		4,027
US Concrete, Inc.^*		66		4,020
Ship Finance International Ltd.		268		3,950
Multi-Color Corp.		62		3,931
Rofin-Sinar Technologies, Inc.^*		121		3,865
Patrick Industries, Inc.^*		64		3,859
Caesarstone Ltd.^*		105		3,650
TriMas Corp.^*		202		3,636
Heartland Express, Inc.		208		3,617
Greenbrier Companies, Inc.		122		3,554
AAR Corp.		150		3,501
Continental Building Products, Inc.^*		156		3,468
Federal Signal Corp.		269		3,465
Primoris Services Corp.		179		3,388
Encore Wire Corp.		90		3,355
Chart Industries, Inc.^*		137		3,306
Lindsay Corp.		47		3,189
Sun Hydraulics Corp.		104		3,088
Raven Industries, Inc.		163		3,087
Scorpio Tankers, Inc.		734		3,083
Aegion Corp. — Class A^*		157		3,063
Manitowoc Company, Inc.		562		3,063
Altra Industrial Motion Corp.		113		3,049
Air Transport Services Group, Inc.^*		233		3,020
Babcock & Wilcox Enterprises, Inc.^*		202		2,967
Lydall, Inc.^*		76		2,931
Astronics Corp.^*		87		2,894
Echo Global Logistics, Inc.^*		128		2,870
Quanex Building Products Corp.		153		2,844
Saia, Inc.^*		113		2,841
AVX Corp.		208		2,825
Alamo Group, Inc.		42		2,771
General Cable Corp.		216		2,745
SPX Corp.^*		184		2,732
Nortek, Inc.^*		45		2,669
Global Brass & Copper Holdings, Inc.		95		2,593
Hyster-Yale Materials Handling, Inc.		43		2,558
Aerovironment, Inc.^*		92		2,558
Argan, Inc.		61		2,545
FARO Technologies, Inc.^*		75		2,537
CTS Corp.		141		2,527
Kadant, Inc.		47		2,421
TTM Technologies, Inc.^*		321		2,417
Harsco Corp.		360		2,390
GasLog Ltd.		184		2,388
Griffon Corp.		135		2,276
Frontline Ltd.		287		2,259
Insteel Industries, Inc.		78		2,230
PGT, Inc.^*		214		2,204
Gorman-Rupp Co.		80		2,193
Novanta, Inc.^*		142		2,151
National Presto Industries, Inc.		22		2,076
DHT Holdings, Inc.		410		2,062
Marten Transport Ltd.		103		2,039
TAL International Group, Inc.		150		2,012
NCI Building Systems, Inc.^*		123		1,967
MYR Group, Inc.^*		77		1,854
Mesa Laboratories, Inc.		15		1,845
Mistras Group, Inc.^*		77		1,838
Tredegar Corp.		114		1,838
Chase Corp.		31		1,831
Stoneridge, Inc.^*		122		1,823
ArcBest Corp.		109		1,771
Haynes International, Inc.		55		1,765
Overseas Shipholding Group, Inc. — Class A		160		1,758
Armstrong Flooring, Inc.^*		103		1,746
TimkenSteel Corp.		177		1,703
NN, Inc.		118		1,651
Kimball Electronics, Inc.^*		126		1,569
Teekay Tankers Ltd. — Class A		515		1,535
Powell Industries, Inc.		39		1,534

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 77.5% (continued)
Industrial - 10.2% (continued)
AEP Industries, Inc.		18	$	1,448
Ply Gem Holdings, Inc.^*		99		1,442
Myers Industries, Inc.		98		1,411
Teekay Corp.		194		1,383
Greif, Inc. — Class B		25		1,369
Energy Recovery, Inc.^*		152		1,351
Casella Waste Systems, Inc. — Class A^*		172		1,350
American Railcar Industries, Inc.		34		1,342
NVE Corp.		22		1,290
VSE Corp.		19		1,269
YRC Worldwide, Inc.^*		144		1,267
GP Strategies Corp.^*		58		1,258
Multi Packaging Solutions International Ltd.^*		94		1,255
Park Electrochemical Corp.		86		1,250
American Science & Engineering, Inc.		33		1,235
Columbus McKinnon Corp.		87		1,231
Hornbeck Offshore Services, Inc.^*		145		1,209
LSI Industries, Inc.		106		1,173
Fluidigm Corp.^*		129		1,165
Olympic Steel, Inc.		42		1,147
CECO Environmental Corp.		131		1,145
Textainer Group Holdings Ltd.		102		1,136
Gener8 Maritime, Inc.^*		174		1,114
LSB Industries, Inc.^*		91		1,099
Park-Ohio Holdings Corp.		38		1,075
Roadrunner Transportation Systems, Inc.^*		136		1,015
Imprivata, Inc.^*		71		994
Covenant Transportation Group, Inc. — Class A^*		55		994
Celadon Group, Inc.		121		989
Multi-Fineline Electronix, Inc.^*		42		974
Milacron Holdings Corp.^*		67		972
NV5 Global, Inc.^*		33		939
Tidewater, Inc.		209		922
Sparton Corp.^*		42		914
Ducommun, Inc.^*		46		910
Costamare, Inc.		117		897
DXP Enterprises, Inc.^*		58		866
Energous Corp.^*		66		855
Kratos Defense & Security Solutions, Inc.^*		207		849
Applied Optoelectronics, Inc.^*		74		825
Hurco Companies, Inc.		29		807
Graham Corp.		43		792
FreightCar America, Inc.		55		773
Dorian LPG Ltd.^*		109		768
Control4 Corp.^*		92		751
Vishay Precision Group, Inc.^*		55		738
Vicor Corp.^*		73		735
Bel Fuse, Inc. — Class B		41		729
Electro Scientific Industries, Inc.^*		122		712
Heritage-Crystal Clean, Inc.^*		58		708
USA Truck, Inc.^*		40		700

Dynamic Materials Corp.	62	667
Ardmore Shipping Corp.	96	650
Layne Christensen Co.^*	80	648
ZAGG, Inc.^*	123	646
Orion Group Holdings, Inc.^*	121	643
UFP Technologies, Inc.^*	28	631
Allied Motion Technologies, Inc.	27	628
Hill International, Inc.^*	145	590
Omega Flex, Inc.	15	571
Navios Maritime Acquisition Corp.	363	570
Aqua Metals, Inc.^*	48	565
Lawson Products, Inc.^*	28	556
CAI International, Inc.^*	72	540
TRC Companies, Inc.^*	83	525
Hardinge, Inc.	52	523
Radiant Logistics, Inc.^*	167	501
Universal Logistics Holdings, Inc.	37	477
Scorpio Bulkers, Inc.^*	170	474
American Superconductor Corp.^*	52	439
IES Holdings, Inc.^*	35	435
Ampco-Pittsburgh Corp.	38	430
Willis Lease Finance Corp.^*	19	422
Power Solutions International, Inc.^*	22	393
Gencor Industries, Inc.^*	23	357
Handy & Harman Ltd.^*	13	340
PAM Transportation Services, Inc.^*	10	159
NL Industries, Inc.^*	37	95
Total Industrial		958,500
Consumer, Cyclical - 9.5%
Cracker Barrel Old Country Store, Inc.	85	14,574
DreamWorks Animation SKG, Inc. — Class A^*	345	14,101
Texas Roadhouse, Inc. — Class A	296	13,497
Jack in the Box, Inc.	147	12,629
Beacon Roofing Supply, Inc.^*	264	12,004
American Eagle Outfitters, Inc.	749	11,931
Tenneco, Inc.^*	255	11,885
Buffalo Wild Wings, Inc.^*	84	11,671
Five Below, Inc.^*	240	11,138
Big Lots, Inc.	222	11,125
Cheesecake Factory, Inc.	203	9,771
Core-Mark Holding Company, Inc.	204	9,560
HNI Corp.	202	9,390
Steven Madden Ltd.^*	273	9,331
Allegiant Travel Co. — Class A	61	9,241
Bloomin' Brands, Inc.	511	9,132
Hawaiian Holdings, Inc.^*	234	8,883
Wolverine World Wide, Inc.	436	8,860
G-III Apparel Group Ltd.^*	190	8,687
PriceSmart, Inc.	90	8,421
Deckers Outdoor Corp.^*	145	8,340
Papa John's International, Inc.	122	8,296

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 77.5% (continued)
Consumer, Cyclical - 9.5% (continued)
Office Depot, Inc.^*		2,447	$	8,100
Herman Miller, Inc.		268		8,010
Interval Leisure Group, Inc.		500		7,951
TRI Pointe Group, Inc.^*		668		7,895
Dave & Buster's Entertainment, Inc.^*		168		7,861
UniFirst Corp.		67		7,753
Churchill Downs, Inc.		61		7,707
Cooper Tire & Rubber Co.		251		7,485
Lithia Motors, Inc. — Class A		105		7,463
GNC Holdings, Inc. — Class A		304		7,384
Liberty TripAdvisor Holdings, Inc. — Class A^*		324		7,089
Dana Holding Corp.		670		7,074
Columbia Sportswear Co.		120		6,905
Mobile Mini, Inc.		199		6,893
Anixter International, Inc.^*		129		6,873
HSN, Inc.		140		6,851
Marriott Vacations Worldwide Corp.		100		6,850
Boyd Gaming Corp.^*		367		6,753
Dorman Products, Inc.^*		118		6,750
Children's Place, Inc.		84		6,735
G&K Services, Inc. — Class A		87		6,662
DineEquity, Inc.		78		6,613
Meritage Homes Corp.^*		172		6,457
First Cash Financial Services, Inc.		124		6,364
DSW, Inc. — Class A		298		6,312
Chico's FAS, Inc.		586		6,276
La-Z-Boy, Inc.		221		6,149
SkyWest, Inc.		225		5,954
Genesco, Inc.^*		92		5,917
Sonic Corp.		211		5,708
KB Home		371		5,643
Gentherm, Inc.^*		164		5,617
Krispy Kreme Doughnuts, Inc.^*		262		5,492
Ascena Retail Group, Inc.^*		775		5,417
Abercrombie & Fitch Co. — Class A		304		5,414
Fossil Group, Inc.^*		186		5,307
Popeyes Louisiana Kitchen, Inc.^*		97		5,300
Cooper-Standard Holding, Inc.^*		66		5,213
Steelcase, Inc. — Class A		383		5,197
Knoll, Inc.		214		5,196
Essendant, Inc.		167		5,104
Diamond Resorts International, Inc.^*		166		4,973
American Axle & Manufacturing Holdings, Inc.^*		343		4,967
Restoration Hardware Holdings, Inc.^*		171		4,904
Virgin America, Inc.^*		87		4,890
Express, Inc.^*		335		4,861
Universal Electronics, Inc.^*		65		4,698
Caleres, Inc.		194		4,697
Asbury Automotive Group, Inc.^*		89		4,694
Penn National Gaming, Inc.^*		334		4,659
Group 1 Automotive, Inc.		92		4,541
Cash America International, Inc.		106		4,518
BJ's Restaurants, Inc.^*		103		4,514
Select Comfort Corp.^*		210		4,490
Interface, Inc. — Class A		291		4,438
BMC Stock Holdings, Inc.^*		244		4,348
La Quinta Holdings, Inc.^*		381		4,343
SeaWorld Entertainment, Inc.		301		4,312
Cato Corp. — Class A		114		4,300
MDC Holdings, Inc.		176		4,284
iRobot Corp.^*		122		4,280
National CineMedia, Inc.		276		4,272
Callaway Golf Co.		417		4,257
TiVo, Inc.^*		421		4,168
Guess?, Inc.		275		4,139
ScanSource, Inc.^*		111		4,119
American Woodmark Corp.^*		62		4,116
International Speedway Corp. — Class A		119		3,981
Oxford Industries, Inc.		69		3,907
Finish Line, Inc. — Class A		188		3,796
Standard Motor Products, Inc.		95		3,779
Belmond Ltd. — Class A^*		377		3,732
Crocs, Inc.^*		329		3,711
ClubCorp Holdings, Inc.		285		3,705
Wabash National Corp.^*		291		3,696
Denny's Corp.^*		339		3,637
Ethan Allen Interiors, Inc.		109		3,601
Hibbett Sports, Inc.^*		103		3,583
Cavco Industries, Inc.^*		38		3,561
Buckle, Inc.		130		3,379
Wesco Aircraft Holdings, Inc.^*		251		3,368
Bob Evans Farms, Inc.		88		3,340
Installed Building Products, Inc.^*		91		3,302
Vitamin Shoppe, Inc.^*		108		3,302
Outerwall, Inc.		78		3,276
Carmike Cinemas, Inc.^*		107		3,223
Barnes & Noble, Inc.		280		3,178
Zoe's Kitchen, Inc.^*		85		3,083
Red Robin Gourmet Burgers, Inc.^*		63		2,988
Superior Industries International, Inc.		111		2,973
Red Rock Resorts, Inc. — Class A^*		133		2,923
Pinnacle Entertainment, Inc.^*		262		2,903
Tile Shop Holdings, Inc.^*		145		2,883
Rush Enterprises, Inc. — Class A^*		131		2,823
Meritor, Inc.^*		389		2,801
Winnebago Industries, Inc.		121		2,773
Tailored Brands, Inc.		216		2,735
H&E Equipment Services, Inc.		142		2,702
AMC Entertainment Holdings, Inc. — Class A		97		2,678
Fiesta Restaurant Group, Inc.^*		120		2,617
Navistar International Corp.^*		222		2,595
Fred's, Inc. — Class A		159		2,561
Chuy's Holdings, Inc.^*		74		2,561
Mattress Firm Holding Corp.^*		76		2,550

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 77.5% (continued)
Consumer, Cyclical - 9.5% (continued)
Douglas Dynamics, Inc.		99	$	2,547
Shake Shack, Inc. — Class A^*		69		2,514
Nautilus, Inc.^*		137		2,444
Caesars Acquisition Co. — Class A^*		212		2,379
Ruth's Hospitality Group, Inc.		144		2,297
Motorcar Parts of America, Inc.^*		83		2,256
Ollie's Bargain Outlet Holdings, Inc.^*		89		2,215
LGI Homes, Inc.^*		68		2,172
Sonic Automotive, Inc. — Class A		126		2,156
Eros International plc^*		131		2,131
Scientific Games Corp. — Class A^*		231		2,123
DTS, Inc.^*		79		2,090
Regis Corp.^*		164		2,042
Isle of Capri Casinos, Inc.^*		111		2,034
Biglari Holdings, Inc.^*		5		2,017
Taylor Morrison Home Corp. — Class A^*		135		2,003
M/I Homes, Inc.^*		106		1,996
Francesca's Holdings Corp.^*		180		1,989
Eldorado Resorts, Inc.^*		128		1,945
Unifi, Inc.^*		71		1,934
Caesars Entertainment Corp.^*		251		1,930
Wingstop, Inc.^*		70		1,908
Tower International, Inc.		92		1,893
MarineMax, Inc.^*		111		1,884
Kimball International, Inc. — Class B		165		1,878
Pier 1 Imports, Inc.		364		1,871
Modine Manufacturing Co.^*		212		1,866
Lumber Liquidators Holdings, Inc.^*		119		1,835
Carrols Restaurant Group, Inc.^*		154		1,833
Barnes & Noble Education, Inc.^*		177		1,797
Marcus Corp.		84		1,772
SiteOne Landscape Supply, Inc.^*		51		1,733
EZCORP, Inc. — Class A^*		228		1,724
Fox Factory Holding Corp.^*		99		1,720
William Lyon Homes — Class A^*		106		1,709
Party City Holdco, Inc.^*		121		1,683
PetMed Express, Inc.		89		1,670
WCI Communities, Inc.^*		96		1,622
Haverty Furniture Companies, Inc.		89		1,605
Shoe Carnival, Inc.		64		1,604
Libbey, Inc.		99		1,573
Del Frisco's Restaurant Group, Inc.^*		105		1,504
Movado Group, Inc.		68		1,474
Veritiv Corp.^*		38		1,428
Tuesday Morning Corp.^*		200		1,404
Sequential Brands Group, Inc.^*		174		1,389
Planet Fitness, Inc. — Class A^*		71		1,340
Culp, Inc.		48		1,326
Potbelly Corp.^*		105		1,317
Iconix Brand Group, Inc.^*		194		1,311
Vera Bradley, Inc.^*		90		1,275
Titan International, Inc.		196		1,215
PC Connection, Inc.		51		1,214
Century Communities, Inc.^*		68		1,179
Zumiez, Inc.^*		82		1,173
El Pollo Loco Holdings, Inc.^*		90		1,170
Perry Ellis International, Inc.^*		58		1,167
Flexsteel Industries, Inc.		29		1,149
Federal-Mogul Holdings Corp.^*		136		1,130
Hooker Furniture Corp.		51		1,096
Beazer Homes USA, Inc.^*		141		1,093
Bassett Furniture Industries, Inc.		45		1,077
Stein Mart, Inc.		139		1,073
Monarch Casino & Resort, Inc.^*		47		1,033
Daktronics, Inc.		165		1,031
Miller Industries, Inc.		50		1,030
Duluth Holdings, Inc. — Class B^*		42		1,027
Citi Trends, Inc.		65		1,009
Arctic Cat, Inc.		59		1,003
Kirkland's, Inc.^*		68		998
Winmark Corp.		10		997
Malibu Boats, Inc. — Class A^*		82		991
America's Car-Mart, Inc.^*		35		988
Habit Restaurants, Inc. — Class A^*		60		983
Ruby Tuesday, Inc.^*		269		971
NACCO Industries, Inc. — Class A		17		952
Reading International, Inc. — Class A^*		76		949
PICO Holdings, Inc.^*		100		946
Speedway Motorsports, Inc.		53		941
Intrawest Resorts Holdings, Inc.^*		72		935
Del Taco Restaurants, Inc.^*		102		928
Freshpet, Inc.^*		99		924
Spartan Motors, Inc.		147		920
Horizon Global Corp.^*		81		919
Sportsman's Warehouse Holdings, Inc.^*		114		919
Hovnanian Enterprises, Inc. — Class A^*		544		914
Metaldyne Performance Group, Inc.		66		908
Titan Machinery, Inc.^*		79		881
Weyco Group, Inc.		29		806
Build-A-Bear Workshop, Inc. — Class A^*		60		805
Supreme Industries, Inc. — Class A		57		781
Big 5 Sporting Goods Corp.		81		751
Green Brick Partners, Inc.^*		103		749
Destination XL Group, Inc.^*		163		745
Bojangles', Inc.^*		43		729
Lifetime Brands, Inc.		49		715
Delta Apparel, Inc.^*		31		699
West Marine, Inc.^*		83		696
Strattec Security Corp.		17		693
GMS, Inc.^*		31		690
Superior Uniform Group, Inc.		36		687

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 77.5% (continued)
Consumer, Cyclical - 9.5% (continued)
Conn's, Inc.^*		91	$	684
Sears Holdings Corp.^*		50		681
AV Homes, Inc.^*		55		672
Lindblad Expeditions Holdings, Inc.^*		65		626
Rush Enterprises, Inc. — Class B^*		29		603
Jamba, Inc.^*		58		597
J Alexander's Holdings, Inc.^*		60		596
Century Casinos, Inc.^*		94		586
Nathan's Famous, Inc.^*		13		579
Johnson Outdoors, Inc. — Class A		22		565
Stage Stores, Inc.		114		556
JAKKS Pacific, Inc.^*		68		538
Golden Entertainment, Inc.		46		538
New Home Company, Inc.^*		56		534
Vince Holding Corp.^*		96		526
Boot Barn Holdings, Inc.^*		60		517
Performance Sports Group Ltd.^*		171		513
Escalade, Inc.		47		481
Flex Pharma, Inc.^*		47		480
Noodles & Co.^*		49		479
Gaiam, Inc. — Class A^*		60		464
Red Lion Hotels Corp.^*		63		457
Systemax, Inc.^*		51		435
Luby's, Inc.^*		86		432
Marine Products Corp.		49		415
Kona Grill, Inc.^*		37		397
Unique Fabricating, Inc.		29		388
MCBC Holdings, Inc.		35		387
Container Store Group, Inc.^*		72		385
Workhorse Group, Inc.^*		51		349
Sears Hometown and Outlet Stores, Inc.^*		50		337
Tilly's, Inc. — Class A^*		52		301
UCP, Inc. — Class A^*		36		289
Fogo De Chao, Inc.^*		22		287
Blue Bird Corp.^*		24		286
Empire Resorts, Inc.^*		15		237
CompX International, Inc.		7		81
Total Consumer, Cyclical				893,968
Technology - 8.4%
Microsemi Corp.^*		505		16,504
MAXIMUS, Inc.		288		15,946
Fair Isaac Corp.		139		15,708
Advanced Micro Devices, Inc.^*		2,920		15,010
Aspen Technology, Inc.^*		371		14,929
Blackbaud, Inc.		211		14,327
Take-Two Interactive Software, Inc.^*		373		14,144
EPAM Systems, Inc.^*		216		13,891
j2 Global, Inc.		212		13,391
Demandware, Inc.^*		167		12,508
SYNNEX Corp.		131		12,421
Qlik Technologies, Inc.^*		419		12,394
Integrated Device Technology, Inc.^*		603		12,139
Monolithic Power Systems, Inc.		176		12,024
Medidata Solutions, Inc.^*		248		11,625
Proofpoint, Inc.^*		183		11,546
Science Applications International Corp.		191		11,145
Cirrus Logic, Inc.^*		280		10,861
MKS Instruments, Inc.		238		10,247
Fairchild Semiconductor International, Inc. — Class A^*		515		10,223
Mentor Graphics Corp.		476		10,120
ACI Worldwide, Inc.^*		516		10,067
Convergys Corp.		400		10,000
CACI International, Inc. — Class A^*		110		9,945
Cavium, Inc.^*		252		9,727
NetScout Systems, Inc.^*		426		9,479
Verint Systems, Inc.^*		277		9,177
Entegris, Inc.^*		634		9,174
Silicon Laboratories, Inc.^*		186		9,066
Electronics for Imaging, Inc.^*		210		9,038
Synaptics, Inc.^*		168		9,030
Cornerstone OnDemand, Inc.^*		227		8,640
Paycom Software, Inc.^*		195		8,426
Intersil Corp. — Class A		599		8,110
Acxiom Corp.^*		348		7,653
ExlService Holdings, Inc.^*		144		7,547
FleetMatics Group plc^*		174		7,539
CommVault Systems, Inc.^*		174		7,515
MicroStrategy, Inc. — Class A^*		42		7,351
Ambarella, Inc.^*		143		7,266
Semtech Corp.^*		291		6,943
Tessera Technologies, Inc.		219		6,710
Diebold, Inc.		268		6,654
Syntel, Inc.^*		144		6,517
3D Systems Corp.^*		474		6,489
Progress Software Corp.^*		226		6,206
Envestnet, Inc.^*		186		6,196
Power Integrations, Inc.		122		6,109
Rambus, Inc.^*		489		5,907
Synchronoss Technologies, Inc.^*		185		5,894
CSG Systems International, Inc.		143		5,764
Inphi Corp.^*		178		5,701
Rovi Corp.^*		363		5,677
HubSpot, Inc.^*		128		5,558
Omnicell, Inc.^*		162		5,545
QLogic Corp.^*		374		5,513
Imperva, Inc.^*		127		5,462
BroadSoft, Inc.^*		132		5,416
Cray, Inc.^*		181		5,416
Ebix, Inc.		113		5,413
Lumentum Holdings, Inc.^*		223		5,396
RealPage, Inc.^*		240		5,359
Sykes Enterprises, Inc.^*		174		5,039
Stratasys Ltd.^*		220		5,036
Callidus Software, Inc.^*		248		4,955
2U, Inc.^*		162		4,764
Cvent, Inc.^*		133		4,751
SPS Commerce, Inc.^*		75		4,545
MaxLinear, Inc. — Class A^*		250		4,495
Cabot Microelectronics Corp.		106		4,488
Globant S.A.^*		114		4,486

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 77.5% (continued)
Technology - 8.4% (continued)
Monotype Imaging Holdings, Inc.		182	$	4,483
Pegasystems, Inc.		164		4,420
Mercury Systems, Inc.^*		174		4,325
Insight Enterprises, Inc.^*		165		4,290
Super Micro Computer, Inc.^*		171		4,249
ManTech International Corp. — Class A		111		4,198
Bottomline Technologies de, Inc.^*		180		3,875
Press Ganey Holdings, Inc.^*		98		3,856
inContact, Inc.^*		265		3,670
Qualys, Inc.^*		121		3,607
Virtusa Corp.^*		124		3,581
MACOM Technology Solutions Holdings, Inc.^*		104		3,430
Brooks Automation, Inc.		303		3,400
Interactive Intelligence Group, Inc.^*		82		3,361
Diodes, Inc.^*		171		3,213
Veeco Instruments, Inc.^*		179		2,964
Pure Storage, Inc. — Class A^*		270		2,943
MTS Systems Corp.		67		2,937
Lattice Semiconductor Corp.^*		534		2,857
New Relic, Inc.^*		97		2,850
FormFactor, Inc.^*		306		2,749
Quality Systems, Inc.		229		2,727
Photronics, Inc.^*		294		2,620
Xura, Inc.^*		106		2,590
Amkor Technology, Inc.^*		448		2,576
CEVA, Inc.^*		88		2,391
InvenSense, Inc. — Class A^*		364		2,231
Ultratech, Inc.^*		97		2,228
Nimble Storage, Inc.^*		278		2,213
SciQuest, Inc.^*		124		2,190
Nanometrics, Inc.^*		105		2,183
Applied Micro Circuits Corp.^*		339		2,176
Benefitfocus, Inc.^*		57		2,173
Rudolph Technologies, Inc.^*		134		2,081
Silver Spring Networks, Inc.^*		168		2,041
Computer Programs & Systems, Inc.		51		2,036
TeleTech Holdings, Inc.		74		2,008
PROS Holdings, Inc.^*		111		1,935
Hortonworks, Inc.^*		178		1,903
Five9, Inc.^*		146		1,737
Engility Holdings, Inc.^*		82		1,732
PDF Solutions, Inc.^*		122		1,707
Unisys Corp.^*		225		1,638
KEYW Holding Corp.^*		161		1,600
LivePerson, Inc.^*		238		1,509
Epiq Systems, Inc.		103		1,504
Actua Corp.^*		163		1,472
Barracuda Networks, Inc.^*		97		1,469
Exar Corp.^*		182		1,465
Vocera Communications, Inc.^*		111		1,426
InnerWorkings, Inc.^*		172		1,422
Axcelis Technologies, Inc.^*		520		1,399
Xcerra Corp.^*		238		1,369
Workiva, Inc.^*		97		1,325
Model N, Inc.^*		99		1,322
Xactly Corp.^*		101		1,294
Cohu, Inc.		119		1,291
Evolent Health, Inc. — Class A^*		67		1,286
Sapiens International Corporation N.V.		109		1,276
Digi International, Inc.^*		116		1,245
Eastman Kodak Co.^*		77		1,238
American Software, Inc. — Class A		114		1,195
Digimarc Corp.^*		37		1,183
Brightcove, Inc.^*		134		1,179
TubeMogul, Inc.^*		97		1,154
IXYS Corp.		111		1,138
Varonis Systems, Inc.^*		47		1,129
Alpha & Omega Semiconductor Ltd.^*		81		1,128
DSP Group, Inc.^*		98		1,040
MINDBODY, Inc. — Class A^*		64		1,033
Sigma Designs, Inc.^*		159		1,022
Glu Mobile, Inc.^*		463		1,019
Everyday Health, Inc.^*		125		985
Jive Software, Inc.^*		255		959
Tangoe, Inc.^*		124		957
pdvWireless, Inc.^*		44		941
Immersion Corp.^*		128		940
Mitek Systems, Inc.^*		130		924
Exa Corp.^*		61		881
Instructure, Inc.^*		46		874
Planet Payment, Inc.^*		187		840
Apigee Corp.^*		68		831
Avid Technology, Inc.^*		143		831
QAD, Inc. — Class A		43		829
Ultra Clean Holdings, Inc.^*		144		819
Silicon Graphics International Corp.^*		160		805
Carbonite, Inc.^*		80		778
Maxwell Technologies, Inc.^*		139		734
Castlight Health, Inc. — Class B^*		180		713
Agilysys, Inc.^*		68		712
Radisys Corp.^*		158		708
EMCORE Corp.^*		116		689
USA Technologies, Inc.^*		159		679
Datalink Corp.^*		90		675
Rosetta Stone, Inc.^*		85		659
MobileIron, Inc.^*		207		631
Guidance Software, Inc.^*		100		619
Amber Road, Inc.^*		80		617
Kopin Corp.^*		277		615
ExOne Co.^*		50		529
Park City Group, Inc.^*		57		511
Appfolio, Inc. — Class A^*		34		492
GigPeak, Inc.^*		205		402
SecureWorks Corp. — Class A^*		27		381
NCI, Inc. — Class A		27		379
IDI, Inc.^*		67		317
Majesco^*		26		138
Total Technology				792,157
Communications - 5.1%
ViaSat, Inc.^*		198		14,138

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 77.5% (continued)
Communications - 5.1% (continued)
Ciena Corp.^*		611	$	11,457
GrubHub, Inc.^*		360		11,186
WebMD Health Corp. — Class A^*		168		9,763
Zendesk, Inc.^*		359		9,470
Sinclair Broadcast Group, Inc. — Class A		296		8,838
InterDigital, Inc.		158		8,798
Houghton Mifflin Harcourt Co.^*		555		8,675
Meredith Corp.		167		8,669
Finisar Corp.^*		478		8,370
Media General, Inc.^*		484		8,320
Shenandoah Telecommunications Co.		208		8,125
Time, Inc.		462		7,605
Cogent Communications Holdings, Inc.		187		7,492
Shutterfly, Inc.^*		157		7,318
Gannett Company, Inc.		520		7,181
LogMeIn, Inc.^*		113		7,169
Infinera Corp.^*		625		7,050
NETGEAR, Inc.^*		145		6,893
Viavi Solutions, Inc.^*		1,038		6,882
Polycom, Inc.^*		608		6,840
New York Times Co. — Class A		558		6,752
Plantronics, Inc.		149		6,556
Nexstar Broadcasting Group, Inc. — Class A		135		6,422
Marketo, Inc.^*		184		6,407
Stamps.com, Inc.^*		72		6,294
NIC, Inc.		285		6,253
Consolidated Communications Holdings, Inc.		224		6,103
DigitalGlobe, Inc.^*		283		6,053
8x8, Inc.^*		394		5,756
NeuStar, Inc. — Class A^*		241		5,666
Wayfair, Inc. — Class A^*		139		5,421
Gigamon, Inc.^*		144		5,384
Vonage Holdings Corp.^*		852		5,197
comScore, Inc.^*		215		5,134
RingCentral, Inc. — Class A^*		260		5,127
Scholastic Corp.		120		4,753
Infoblox, Inc.^*		252		4,728
Ubiquiti Networks, Inc.^*		117		4,523
Etsy, Inc.^*		464		4,450
Cincinnati Bell, Inc.^*		941		4,300
EW Scripps Co. — Class A^*		266		4,213
MDC Partners, Inc. — Class A		227		4,152
ADTRAN, Inc.		220		4,103
MSG Networks, Inc. — Class A^*		263		4,034
Windstream Holdings, Inc.		425		3,940
Shutterstock, Inc.^*		86		3,939
Liberty Media Group — Class C^*		204		3,870
Quotient Technology, Inc.^*		287		3,849
West Corp.		193		3,794
ATN International, Inc.		47		3,657
AVG Technologies N.V.^*		187		3,551
Web.com Group, Inc.^*		191		3,472
Iridium Communications, Inc.^*		367		3,259
Perficient, Inc.^*		158		3,209
Q2 Holdings, Inc.^*		113		3,166
New Media Investment Group, Inc.		174		3,144
Gray Television, Inc.^*		286		3,103
HealthStream, Inc.^*		116		3,076
EarthLink Holdings Corp.		468		2,995
World Wrestling Entertainment, Inc. — Class A		161		2,964
Inteliquent, Inc.		146		2,904
ORBCOMM, Inc.^*		288		2,866
Ixia^*		287		2,818
Endurance International Group Holdings, Inc.^*		268		2,409
CalAmp Corp.^*		162		2,399
ePlus, Inc.^*		28		2,290
Rubicon Project, Inc.^*		165		2,252
Box, Inc. — Class A^*		216		2,233
VASCO Data Security International, Inc.^*		134		2,196
GTT Communications, Inc.^*		118		2,181
Oclaro, Inc.^*		442		2,157
Gogo, Inc.^*		251		2,106
Loral Space & Communications, Inc.^*		58		2,046
Liberty Braves Group — Class C^*		139		2,038
Globalstar, Inc.^*		1,674		2,026
General Communication, Inc. — Class A^*		128		2,022
ShoreTel, Inc.^*		298		1,994
XO Group, Inc.^*		114		1,987
FTD Companies, Inc.^*		79		1,972
Entravision Communications Corp. — Class A		291		1,956
Liberty Media Group — Class A^*		101		1,933
TrueCar, Inc.^*		241		1,892
Sonus Networks, Inc.^*		213		1,851
Blucora, Inc.^*		176		1,823
Chegg, Inc.^*		358		1,790
Spok Holdings, Inc.		92		1,763
tronc, Inc.^*		120		1,656
Bankrate, Inc.^*		212		1,586
Entercom Communications Corp. — Class A		116		1,574
Extreme Networks, Inc.^*		460		1,559
ChannelAdvisor Corp.^*		103		1,492
Bazaarvoice, Inc.^*		363		1,456
Boingo Wireless, Inc.^*		161		1,436
Daily Journal Corp.^*		6		1,422
Global Eagle Entertainment, Inc.^*		210		1,394
DHI Group, Inc.^*		222		1,383
FairPoint Communications, Inc.^*		94		1,380
Blue Nile, Inc.		49		1,342
RetailMeNot, Inc.^*		171		1,318
NeoPhotonics Corp.^*		138		1,315
Calix, Inc.^*		185		1,278
A10 Networks, Inc.^*		195		1,262
Intralinks Holdings, Inc.^*		185		1,203
Straight Path Communications, Inc. — Class B^*		42		1,162
Angie's List, Inc.^*		178		1,159

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 77.5% (continued)
Communications - 5.1% (continued)
IDT Corp. — Class B		79	$	1,121
Rapid7, Inc.^*		88		1,107
Lands' End, Inc.^*		67		1,100
1-800-Flowers.com, Inc. — Class A^*		115		1,037
Lumos Networks Corp.^*		84		1,016
Lionbridge Technologies, Inc.^*		256		1,011
Reis, Inc.		40		996
MeetMe, Inc.^*		182		970
Harmonic, Inc.^*		340		969
Overstock.com, Inc.^*		59		950
Clearfield, Inc.^*		52		930
Acacia Communications, Inc.^*		23		919
Comtech Telecommunications Corp.		70		899
Black Box Corp.		68		889
Zix Corp.^*		237		889
Liquidity Services, Inc.^*		111		870
VirnetX Holding Corp.^*		214		856
RigNet, Inc.^*		57		763
NII Holdings, Inc.^*		237		753
Silicom Ltd.		25		748
Telenav, Inc.^*		146		745
Central European Media Enterprises Ltd. — Class A^*		340		717
Aerohive Networks, Inc.^*		108		715
TechTarget, Inc.^*		84		680
United Online, Inc.^*		60		660
HC2 Holdings, Inc.^*		148		636
Saga Communications, Inc. — Class A		16		633
Liberty Braves Group — Class A^*		40		602
Hawaiian Telcom Holdco, Inc.^*		28		593
QuinStreet, Inc.^*		164		582
Rightside Group Ltd.^*		51		543
Autobytel, Inc.^*		39		541
KVH Industries, Inc.^*		69		531
Preformed Line Products Co.		12		485
Marchex, Inc. — Class B^*		148		471
Limelight Networks, Inc.^*		315		469
RealNetworks, Inc.^*		107		461
Numerex Corp. — Class A^*		61		457
Hemisphere Media Group, Inc.^*		30		354
Salem Media Group, Inc. — Class A		49		354
Radio One, Inc. — Class D^*		109		348
Corindus Vascular Robotics, Inc.^*		243		347
Intelsat S.A.^*		130		335
Global Sources Ltd.^*		36		330
Townsquare Media, Inc. — Class A^*		38		300
Value Line, Inc.		5		82
Total Communications				477,053
Utilities - 3.2%
IDACORP, Inc.		377		18,472
Portland General Electric Co.		402		17,737
Southwest Gas Corp.		210		16,530
WGL Holdings, Inc.		224		15,857
ONE Gas, Inc.		234		15,582
New Jersey Resources Corp.		384		14,803
Black Hills Corp.		230		14,499
ALLETE, Inc.		222		14,348
Spire, Inc.		200		14,168
NorthWestern Corp.		217		13,686
PNM Resources, Inc.		359		12,723
Avista Corp.		283		12,678
South Jersey Industries, Inc.		354		11,193
Dynegy, Inc.^*		524		9,033
MGE Energy, Inc.		157		8,873
El Paso Electric Co.		183		8,650
Northwest Natural Gas Co.		122		7,908
Ormat Technologies, Inc.		173		7,570
California Water Service Group		214		7,476
American States Water Co.		166		7,274
Empire District Electric Co.		197		6,692
Otter Tail Corp.		170		5,693
Talen Energy Corp.^*		376		5,095
Atlantica Yield plc		260		4,831
Chesapeake Utilities Corp.		67		4,434
NRG Yield, Inc. — Class C		282		4,396
Middlesex Water Co.		73		3,167
SJW Corp.		72		2,835
Connecticut Water Service, Inc.		49		2,754
Unitil Corp.		63		2,688
NRG Yield, Inc. — Class A		156		2,374
York Water Co.		58		1,858
Atlantic Power Corp.		547		1,357
Artesian Resources Corp. — Class A		34		1,153
Consolidated Water Company Ltd.		67		875
Delta Natural Gas Company, Inc.		30		808
EnerNOC, Inc.^*		121		765
Spark Energy, Inc. — Class A		22		727
Ameresco, Inc. — Class A^*		94		411
Genie Energy Ltd. — Class B^*		58		393
Global Water Resources, Inc.		36		317
Total Utilities				302,683
Basic Materials - 3.0%
Olin Corp.		741		18,406
Sensient Technologies Corp.		200		14,207
PolyOne Corp.		376		13,250
Axiall Corp.		316		10,304
HB Fuller Co.		226		9,942
US Silica Holdings, Inc.		286		9,859
Minerals Technologies, Inc.		156		8,861
Hecla Mining Co.		1,700		8,671
Commercial Metals Co.		513		8,669
Worthington Industries, Inc.		204		8,629
Balchem Corp.		141		8,411
GCP Applied Technologies, Inc.^*		314		8,177
Chemtura Corp.^*		286		7,545
Coeur Mining, Inc.^*		679		7,238
Kaiser Aluminum Corp.		80		7,232
Carpenter Technology Corp.		207		6,817
Chemours Co.		811		6,683
Stillwater Mining Co.^*		547		6,487
Ingevity Corp.^*		188		6,400

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 77.5% (continued)
Basic Materials - 3.0% (continued)
Allegheny Technologies, Inc.		480	$	6,120
Neenah Paper, Inc.		76		5,500
Quaker Chemical Corp.		60		5,352
Stepan Co.		89		5,298
Clearwater Paper Corp.^*		77		5,033
Ferro Corp.^*		369		4,937
AK Steel Holding Corp.^*		1,055		4,916
Innospec, Inc.		105		4,829
Schweitzer-Mauduit International, Inc.		135		4,763
Cliffs Natural Resources, Inc.^*		789		4,474
PH Glatfelter Co.		193		3,775
Innophos Holdings, Inc.		87		3,672
Kraton Performance Polymers, Inc.^*		131		3,659
Univar, Inc.^*		191		3,612
Deltic Timber Corp.		47		3,155
A. Schulman, Inc.		129		3,150
Calgon Carbon Corp.		226		2,972
Aceto Corp.		130		2,846
Koppers Holdings, Inc.^*		91		2,796
Rayonier Advanced Materials, Inc.		191		2,596
Ferroglobe plc		292		2,514
Materion Corp.		91		2,253
Fairmount Santrol Holdings, Inc.^*		292		2,251
CSW Industrials, Inc.^*		64		2,087
Schnitzer Steel Industries, Inc. — Class A		118		2,077
American Vanguard Corp.		127		1,919
Hawkins, Inc.		43		1,867
Orchids Paper Products Co.		41		1,458
Century Aluminum Co.^*		223		1,412
OMNOVA Solutions, Inc.^*		191		1,385
Landec Corp.^*		121		1,302
Tronox Ltd. — Class A		287		1,266
KMG Chemicals, Inc.		40		1,040
Ryerson Holding Corp.^*		49		858
Gold Resource Corp.		221		793
Oil-Dri Corporation of America		22		760
Codexis, Inc.^*		148		596
United States Lime & Minerals, Inc.		9		531
Kronos Worldwide, Inc.		99		520
AgroFresh Solutions, Inc.^*		97		515
ALJ Regional Holdings, Inc.^*		82		410
Valhi, Inc.		111		174
Total Basic Materials				287,231
Energy - 2.3%
RSP Permian, Inc.^*		348		12,141
PDC Energy, Inc.^*		207		11,924
Carrizo Oil & Gas, Inc.^*		253		9,070
NOW, Inc.^*		473		8,580
Oil States International, Inc.^*		231		7,596
Oasis Petroleum, Inc.^*		799		7,463
Matador Resources Co.^*		370		7,326
SemGroup Corp. — Class A		198		6,447
Western Refining, Inc.		304		6,271
Callon Petroleum Co.^*		539		6,053
MRC Global, Inc.^*		420		5,968
Pattern Energy Group, Inc.		258		5,927
Denbury Resources, Inc.		1,555		5,582
Synergy Resources Corp.^*		822		5,475
Seadrill Ltd.^*		1,672		5,418
McDermott International, Inc.^*		1,077		5,320
Forum Energy Technologies, Inc.^*		267		4,622
SEACOR Holdings, Inc.^*		73		4,230
TerraForm Power, Inc. — Class A^*		387		4,218
Delek US Holdings, Inc.		274		3,620
Unit Corp.^*		227		3,533
Atwood Oceanics, Inc.		274		3,430
Green Plains, Inc.		162		3,195
Flotek Industries, Inc.^*		234		3,088
Helix Energy Solutions Group, Inc.^*		454		3,069
Archrock, Inc.		310		2,920
Thermon Group Holdings, Inc.^*		143		2,747
Cobalt International Energy, Inc.^*		1,805		2,419
TETRA Technologies, Inc.^*		355		2,261
Newpark Resources, Inc.^*		373		2,160
Matrix Service Co.^*		119		1,962
Par Pacific Holdings, Inc.^*		124		1,902
Exterran Corp.^*		142		1,825
Sanchez Energy Corp.^*		250		1,765
Bristow Group, Inc.		152		1,734
Renewable Energy Group, Inc.^*		195		1,722
spx Resources Corp.^*		140		1,708
SunCoke Energy, Inc.		290		1,688
Sunrun, Inc.^*		280		1,660
REX American Resources Corp.^*		25		1,496
Plug Power, Inc.^*		803		1,494
Bill Barrett Corp.^*		219		1,399
Ring Energy, Inc.^*		158		1,394
Clean Energy Fuels Corp.^*		390		1,353
Pioneer Energy Services Corp.^*		287		1,320
TerraForm Global, Inc. — Class A		404		1,317
Natural Gas Services Group, Inc.^*		56		1,282
Parker Drilling Co.^*		543		1,243
FutureFuel Corp.		112		1,219
Tesco Corp.		175		1,171
CARBO Ceramics, Inc.		88		1,153
Panhandle Oil and Gas, Inc. — Class A		68		1,134
CVR Energy, Inc.		70		1,085
Northern Oil and Gas, Inc.^*		211		975
Contango Oil & Gas Co.^*		79		967
Geospace Technologies Corp.^*		59		966
PHI, Inc.^*		52		930
Trecora Resources^*		89		928
Alon USA Energy, Inc.		142		920
EP Energy Corp. — Class A^*		171		886
Era Group, Inc.^*		87		818
EXCO Resources, Inc.^*		629		818
Westmoreland Coal Co.^*		83		790

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 77.5% (continued)
Energy - 2.3% (continued)
Clayton Williams Energy, Inc.^*		27	$	741
Dawson Geophysical Co.^*		89		725
Eclipse Resources Corp.^*		217		725
Independence Contract Drilling, Inc.^*		133		722
Pacific Ethanol, Inc.^*		129		703
FuelCell Energy, Inc.^*		111		690
Abraxas Petroleum Corp.^*		548		619
Evolution Petroleum Corp.		110		602
Jones Energy, Inc. — Class A^*		138		569
Willbros Group, Inc.^*		191		483
W&T Offshore, Inc.^*		159		369
Adams Resources & Energy, Inc.		9		347
Vivint Solar, Inc.^*		101		310
Isramco, Inc.^*		3		247
Erin Energy Corp.^*		65		157
Earthstone Energy, Inc.^*		7		75
Total Energy				213,181
Diversified - 0.1%
HRG Group, Inc.^*		525		7,208
Resource America, Inc. — Class A		53		515
Wins Finance Holdings, Inc.^*		6		93
Total Diversified				7,816
Government - 0.0%
Banco Latinoamericano de Comercio Exterior S.A. — Class E		135		3,578
Total Common Stocks
(Cost $7,080,375)				7,307,106

WARRANTS^†† - 0.0%
Tejon Ranch Co.
$10.50, 08/31/16^†		54		–
Imperial Holdings, Inc.
$10.75, 10/06/19		4		–
Total Warrants
(Cost $344)				–

RIGHTS^††† - 0.0%
Omthera Pharmaceuticals, Inc.
Expires 12/31/20		57		–
Leap Wireless International, Inc.
Expires 03/06/17		513		–
Dyax Corp.
Expires 01/25/17		714		–
Total Rights
(Cost $398)				–

MUTUAL FUNDS^† - 13.4%
Guggenheim Strategy Fund II¹		36,299		900,567
Guggenheim Strategy Fund I¹		14,706		366,314
Total Mutual Funds
(Cost $1,265,341)				1,266,881

	Face Amount
REPURCHASE AGREEMENTS^††,2 - 169.0%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	8,186,628		8,186,628
Royal Bank of Canada issued 06/30/16 at 0.33% due 07/01/16		6,960,025		6,960,025
UMB Financial Corp. issued 06/30/16 at 0.26% due 07/01/16³		786,609		786,609
Total Repurchase Agreements
(Cost $15,933,262)				15,933,262
Total Investments – 259.9%
(Cost $24,279,720)			$	24,507,249
Other Assets & Liabilities, net - (159.9)%				(15,081,735	)
Total Net Assets - 100.0%			$	9,425,514

	Units		Unrealized Gain
OTC EQUITY INDEX SWAP AGREEMENTS^††
Goldman Sachs International July 2016 Russell 2000 Index Swap 0.44%⁴, Terminating 07/27/16 (Notional Value $1,549,960)		1,346	$	86,500
Barclays Bank plc July 2016 Russell 2000 Index Swap 0.44%⁴, Terminating 07/29/16 (Notional Value $4,735,483)		4,111		84,728
Credit Suisse Capital, LLC July 2016 Russell 2000 Index Swap 0.45%⁴, Terminating 07/26/16 (Notional Value $780,419)		677		42,737
(Total Notional Value $7,065,862)			$	213,965

*	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	Affiliated issuer— See Note 5.
²	Repurchase Agreements — See Note 4.
³	All or a portion of this security is pledged as equity index swap collateral at June 30, 2016.
⁴	Total Return based on Russell 2000 Index +/- financing at a variable rate. Rate indicated is the rate effective at June 30, 2016.
	plc — Public Limited Company REIT —Real Estate Investment Trust

See Sector Classification in Other Information section.

Russell 2000^® 1.5x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 2		Level 2 - Other*		Level 3		Total
Common Stocks	$	7,307,106	$	—	$	—	$	—	$	7,307,106
Equity Index Swap Agreements		—		—		213,965		—		213,965
Mutual Funds		1,266,881		—		—		—		1,266,881
Repurchase Agreements		—		15,933,262		—		—		15,933,262
Rights		—		—		—		—		—
Warrants		—		—		—		—		—
Total	$	8,573,987	$	15,933,262	$	213,965	$	—	$	24,721,214

* Other financial instruments swaps, which are reported as unrealized gain/loss at period end.

For the period ended June 30, 2016, there were no transfers between levels.

Russell 2000^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 91.6%
Financial - 23.8%
Gramercy Property Trust		5,764	$	53,144
Healthcare Realty Trust, Inc.		1,424		49,826
Medical Properties Trust, Inc.		3,236		49,220
DuPont Fabros Technology, Inc.		1,018		48,397
PrivateBancorp, Inc. — Class A		1,071		47,157
Umpqua Holdings Corp.		3,015		46,643
Prosperity Bancshares, Inc.		913		46,554
FirstMerit Corp.		2,258		45,770
Investors Bancorp, Inc.		4,059		44,974
First Industrial Realty Trust, Inc.		1,585		44,094
Bank of the Ozarks, Inc.		1,147		43,035
CNO Financial Group, Inc.		2,445		42,690
Webster Financial Corp.		1,252		42,505
New Residential Investment Corp. REIT		3,051		42,226
Education Realty Trust, Inc.		907		41,848
CoreSite Realty Corp.		457		40,531
Physicians Realty Trust		1,844		38,742
National Health Investors, Inc.		508		38,146
Ellie Mae, Inc.^*		402		36,843
Primerica, Inc.		641		36,691
Urban Edge Properties		1,225		36,578
FNB Corp.		2,867		35,952
Sunstone Hotel Investors, Inc.		2,966		35,800
RLI Corp.		519		35,696
RLJ Lodging Trust		1,664		35,693
QTS Realty Trust, Inc. — Class A		637		35,659
MB Financial, Inc.		955		34,647
GEO Group, Inc.		1,013		34,624
LaSalle Hotel Properties		1,456		34,332
Acadia Realty Trust		966		34,312
Wintrust Financial Corp.		661		33,711
United Bankshares, Inc.		896		33,609
IBERIABANK Corp.		559		33,389
Mack-Cali Realty Corp.		1,218		32,886
Home BancShares, Inc.		1,651		32,673
UMB Financial Corp.		612		32,565
Lexington Realty Trust		3,137		31,715
Fulton Financial Corp.		2,346		31,671
Kite Realty Group Trust		1,128		31,618
Washington Real Estate Investment Trust		1,002		31,523
Hudson Pacific Properties, Inc.		1,071		31,252
Valley National Bancorp		3,380		30,826
Radian Group, Inc.		2,938		30,615
Washington Federal, Inc.		1,240		30,082
Ryman Hospitality Properties, Inc.		593		30,035
WageWorks, Inc.^*		498		29,785
EastGroup Properties, Inc.		431		29,705
Selective Insurance Group, Inc.		775		29,612
Cousins Properties, Inc.		2,835		29,484
Texas Capital Bancshares, Inc.^*		630		29,459
Retail Opportunity Investments Corp.		1,357		29,406
Cathay General Bancorp		1,013		28,567
First Financial Bankshares, Inc.		871		28,560
PS Business Parks, Inc.		269		28,536
WP GLIMCHER, Inc.		2,476		27,707
MGIC Investment Corp.^*		4,656		27,703
Glacier Bancorp, Inc.		1,040		27,643
Hancock Holding Co.		1,056		27,572
Stifel Financial Corp.^*		875		27,519
Janus Capital Group, Inc.		1,970		27,423
Sterling Bancorp		1,729		27,145
BancorpSouth, Inc.		1,181		26,797
Colony Starwood Homes		880		26,770
Pinnacle Financial Partners, Inc.		547		26,721
First Citizens BancShares, Inc. — Class A		103		26,668
LTC Properties, Inc.		514		26,589
BGC Partners, Inc. — Class A		2,969		25,860
Pebblebrook Hotel Trust		976		25,620
Great Western Bancorp, Inc.		803		25,327
Enstar Group Ltd.^*		155		25,109
Blackhawk Network Holdings, Inc.^*		749		25,084
DiamondRock Hospitality Co.		2,739		24,733
Capitol Federal Financial, Inc.		1,740		24,273
Community Bank System, Inc.		587		24,120
Xenia Hotels & Resorts, Inc.		1,411		23,677
Colony Capital, Inc. — Class A		1,535		23,562
Evercore Partners, Inc. — Class A		533		23,553
Monogram Residential Trust, Inc.		2,298		23,463
Alexander & Baldwin, Inc.		636		22,985
Trustmark Corp.		920		22,862
Old National Bancorp		1,813		22,717
American Assets Trust, Inc.		534		22,663
CVB Financial Corp.		1,380		22,618
Select Income REIT		865		22,481
STAG Industrial, Inc.		938		22,334
Columbia Banking System, Inc.		792		22,224
Essent Group Ltd.^*		1,016		22,159
Government Properties Income Trust		956		22,045
South State Corp.		323		21,980
Hilltop Holdings, Inc.^*		1,023		21,473
Kennedy-Wilson Holdings, Inc.		1,125		21,330
Ramco-Gershenson Properties Trust		1,075		21,081
Hatteras Financial Corp.		1,285		21,074
Invesco Mortgage Capital, Inc. REIT		1,536		21,028
CBL & Associates Properties, Inc.		2,249		20,938
EverBank Financial Corp.		1,405		20,878
New York REIT, Inc.		2,255		20,859
Argo Group International Holdings Ltd.		394		20,433
Eagle Bancorp, Inc.^*		417		20,062
Pennsylvania Real Estate Investment Trust		932		19,991
International Bancshares Corp.		747		19,489
Chemical Financial Corp.		522		19,465
Northwest Bancshares, Inc.		1,311		19,442
First Midwest Bancorp, Inc.		1,098		19,281
Astoria Financial Corp.		1,256		19,254

Russell 2000^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 91.6% (continued)
Financial - 23.8% (continued)
TowneBank		889	$	19,240
Potlatch Corp.		554		18,891
Financial Engines, Inc.		730		18,885
Rexford Industrial Realty, Inc.		895		18,876
Chesapeake Lodging Trust		811		18,856
LendingClub Corp.^*		4,381		18,838
Horace Mann Educators Corp.		553		18,686
Simmons First National Corp. — Class A		400		18,474
Parkway Properties, Inc.		1,094		18,303
Waddell & Reed Financial, Inc. — Class A		1,058		18,219
Sabra Health Care REIT, Inc.		881		18,179
Global Net Lease, Inc.		2,273		18,069
Renasant Corp.		557		18,008
United Community Banks, Inc.		955		17,467
Banner Corp.		408		17,356
CYS Investments, Inc.		2,067		17,301
Genworth Financial, Inc. — Class A^*		6,705		17,299
Yadkin Financial Corp.		681		17,086
Kemper Corp.		541		16,760
Park National Corp.		181		16,612
Westamerica Bancorporation		337		16,601
Seritage Growth Properties		333		16,597
Four Corners Property Trust, Inc.		805		16,575
NBT Bancorp, Inc.		578		16,548
Provident Financial Services, Inc.		833		16,360
Franklin Street Properties Corp.		1,331		16,331
LegacyTexas Financial Group, Inc.		605		16,281
First Financial Bancorp		836		16,260
Independent Bank Corp.		353		16,132
Kearny Financial Corp.		1,259		15,838
BBCN Bancorp, Inc.		1,061		15,830
AMERISAFE, Inc.		258		15,795
Summit Hotel Properties, Inc.		1,181		15,636
American Equity Investment Life Holding Co.		1,093		15,575
ServisFirst Bancshares, Inc.		314		15,508
WisdomTree Investments, Inc.		1,568		15,351
Talmer Bancorp, Inc. — Class A		798		15,298
PRA Group, Inc.^*		629		15,184
PennyMac Mortgage Investment Trust		930		15,094
Terreno Realty Corp.		582		15,056
WesBanco, Inc.		483		14,997
Agree Realty Corp.		310		14,953
Union Bankshares Corp.		592		14,628
BofI Holding, Inc.^*		818		14,487
Redwood Trust, Inc.		1,040		14,362
National General Holdings Corp.		660		14,137
HFF, Inc. — Class A		489		14,123
Navigators Group, Inc.		153		14,071
FCB Financial Holdings, Inc. — Class A^*		409		13,906
First Merchants Corp.		556		13,861
Ameris Bancorp		464		13,781
Boston Private Financial Holdings, Inc.		1,117		13,158
Stewart Information Services Corp.		312		12,920
Apollo Commercial Real Estate Finance, Inc.		802		12,888
Tompkins Financial Corp.		198		12,870
Aircastle Ltd.		651		12,734
Employers Holdings, Inc.		438		12,711
Capstead Mortgage Corp.		1,303		12,639
WSFS Financial Corp.		391		12,586
United Fire Group, Inc.		295		12,517
MBIA, Inc.^*		1,795		12,260
St. Joe Co.^*		689		12,209
Beneficial Bancorp, Inc.^*		958		12,186
Safety Insurance Group, Inc.		196		12,070
Banc of California, Inc.		666		12,055
Alexander's, Inc.		29		11,868
Infinity Property & Casualty Corp.		147		11,857
BNC Bancorp		516		11,718
FelCor Lodging Trust, Inc.		1,860		11,589
Cohen & Steers, Inc.		285		11,525
Monmouth Real Estate Investment Corp.		860		11,404
S&T Bancorp, Inc.		466		11,394
Berkshire Hills Bancorp, Inc.		420		11,306
Chatham Lodging Trust		512		11,254
New Senior Investment Group, Inc.		1,041		11,118
First Commonwealth Financial Corp.		1,208		11,114
CareTrust REIT, Inc.		785		10,817
Hannon Armstrong Sustainable Infrastructure Capital, Inc.		499		10,778
Investors Real Estate Trust		1,653		10,695
Third Point Reinsurance Ltd.^*		901		10,560
Heartland Financial USA, Inc.		299		10,552
Brookline Bancorp, Inc.		944		10,412
Southside Bancshares, Inc.		335		10,355
Lakeland Financial Corp.		219		10,295
FNFV Group^*		897		10,289
Wilshire Bancorp, Inc.		981		10,222
Ambac Financial Group, Inc.^*		615		10,123
Hanmi Financial Corp.		428		10,054
ARMOUR Residential REIT, Inc.		501		10,020
CenterState Banks, Inc.		633		9,970
American Capital Mortgage Investment Corp.		628		9,915
Maiden Holdings Ltd.		806		9,865
Tier REIT, Inc.		636		9,749
RE/MAX Holdings, Inc. — Class A		242		9,743
Meridian Bancorp, Inc.		658		9,725
Central Pacific Financial Corp.		412		9,723
State Bank Financial Corp.		477		9,707
Hersha Hospitality Trust		565		9,690
Universal Health Realty Income Trust		169		9,663
PHH Corp.^*		723		9,630

Russell 2000^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 91.6% (continued)
Financial - 23.8% (continued)
Nelnet, Inc. — Class A		276	$	9,591
iStar, Inc.^*		991		9,504
Rouse Properties, Inc.		519		9,472
KCG Holdings, Inc. — Class A^*		712		9,470
InfraREIT, Inc.		539		9,454
Cardinal Financial Corp.		429		9,412
Sandy Spring Bancorp, Inc.		321		9,328
New York Mortgage Trust, Inc. REIT		1,501		9,156
City Holding Co.		199		9,049
First Busey Corp.		422		9,027
Pacific Premier Bancorp, Inc.^*		371		8,904
United Financial Bancorp, Inc.		684		8,878
Urstadt Biddle Properties, Inc. — Class A		356		8,822
Walker & Dunlop, Inc.^*		375		8,543
Northfield Bancorp, Inc.		574		8,512
Oritani Financial Corp.		526		8,411
Cedar Realty Trust, Inc.		1,126		8,366
Customers Bancorp, Inc.^*		332		8,343
Universal Insurance Holdings, Inc.		446		8,287
Stock Yards Bancorp, Inc.		290		8,187
FBL Financial Group, Inc. — Class A		134		8,130
Greenlight Capital Re Ltd. — Class A^*		401		8,084
Saul Centers, Inc.		131		8,084
TrustCo Bank Corp. NY		1,246		7,987
Opus Bank		234		7,909
Piper Jaffray Cos.^*		208		7,842
Capital Bank Financial Corp. — Class A		270		7,776
Cass Information Systems, Inc.		150		7,755
Silver Bay Realty Trust Corp.		454		7,732
Diamond Hill Investment Group, Inc.		41		7,725
Washington Trust Bancorp, Inc.		203		7,698
Getty Realty Corp.		357		7,658
Encore Capital Group, Inc.^*		325		7,647
TriCo Bancshares		276		7,618
First Interstate BancSystem, Inc. — Class A		269		7,559
Flushing Financial Corp.		379		7,535
Investment Technology Group, Inc.		449		7,507
NorthStar Realty Europe Corp.		794		7,345
Enterprise Financial Services Corp.		262		7,307
First Potomac Realty Trust		791		7,277
National Bank Holdings Corp. — Class A		357		7,269
OM Asset Management plc		544		7,262
Dime Community Bancshares, Inc.		426		7,246
Community Trust Bancorp, Inc.		208		7,209
Heritage Financial Corp.		402		7,067
Flagstar Bancorp, Inc.^*		285		6,957
MainSource Financial Group, Inc.		315		6,946
1st Source Corp.		213		6,899
Bryn Mawr Bank Corp.		227		6,628
James River Group Holdings Ltd.		195		6,622
Altisource Residential Corp.		714		6,562
Seacoast Banking Corporation of Florida^*		403		6,545
National Storage Affiliates Trust		314		6,537
Independent Bank Group, Inc.		152		6,522
CatchMark Timber Trust, Inc. — Class A		530		6,477
Bridge Bancorp, Inc.		228		6,475
BancFirst Corp.		107		6,454
First BanCorp^*		1,622		6,439
HomeStreet, Inc.^*		322		6,414
Easterly Government Properties, Inc.		324		6,393
Ladder Capital Corp. — Class A		523		6,381
German American Bancorp, Inc.		194		6,202
Virtu Financial, Inc. — Class A		344		6,192
Anworth Mortgage Asset Corp.		1,306		6,138
Greenhill & Company, Inc.		379		6,102
ConnectOne Bancorp, Inc.		387		6,072
National Western Life Group, Inc. — Class A		31		6,053
Virtus Investment Partners, Inc.		85		6,050
Lakeland Bancorp, Inc.		529		6,020
WMIH Corp.^*		2,704		6,002
CoBiz Financial, Inc.		507		5,932
Apollo Residential Mortgage, Inc.		436		5,842
Camden National Corp.		139		5,838
Armada Hoffler Properties, Inc.		424		5,826
Ashford Hospitality Trust, Inc.		1,066		5,724
Meta Financial Group, Inc.		112		5,708
Moelis & Co. — Class A		253		5,693
Westwood Holdings Group, Inc.		109		5,646
International. FCStone, Inc.^*		205		5,594
First of Long Island Corp.		194		5,562
Forestar Group, Inc.^*		466		5,541
AG Mortgage Investment Trust, Inc.		383		5,531
PJT Partners, Inc. — Class A		237		5,451
Univest Corporation of Pennsylvania		257		5,402
Great Southern Bancorp, Inc.		146		5,398
Whitestone REIT — Class B		357		5,384
Waterstone Financial, Inc.		347		5,320
Resource Capital Corp.		413		5,311
Nationstar Mortgage Holdings, Inc.^*		466		5,247
Western Asset Mortgage Capital Corp. REIT		558		5,240
Mercantile Bank Corp.		217		5,178
Gladstone Commercial Corp.		305		5,151
OceanFirst Financial Corp.		280		5,088
Stonegate Bank		156		5,034
Marcus & Millichap, Inc.^*		198		5,031
CU Bancorp^*		221		5,023
Park Sterling Corp.		703		4,984

Russell 2000^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 91.6% (continued)
Financial - 23.8% (continued)
First Financial Corp.		136	$	4,980
Blue Hills Bancorp, Inc.		336		4,959
Ashford Hospitality Prime, Inc.		350		4,949
Financial Institutions, Inc.		189		4,927
OFG Bancorp		590		4,897
Suffolk Bancorp		156		4,884
Citizens, Inc.^*		633		4,811
Preferred Bank/Los Angeles CA		166		4,793
First Community Bancshares, Inc.		213		4,780
Peoples Bancorp, Inc.		219		4,772
First Bancorp		268		4,711
CorEnergy Infrastructure Trust, Inc.		163		4,703
First Defiance Financial Corp.		120		4,662
State Auto Financial Corp.		211		4,623
Preferred Apartment Communities, Inc. — Class A		309		4,548
Arrow Financial Corp.		150		4,544
Ares Commercial Real Estate Corp.		367		4,510
Clifton Bancorp, Inc.		299		4,506
Independence Realty Trust, Inc.		550		4,499
NexPoint Residential Trust, Inc.		245		4,459
Fidelity Southern Corp.		283		4,435
QCR Holdings, Inc.		162		4,405
Altisource Portfolio Solutions S.A.^*		158		4,399
State National Companies, Inc.		416		4,380
Heritage Insurance Holdings, Inc.		363		4,345
One Liberty Properties, Inc.		180		4,293
Bank Mutual Corp.		557		4,278
Dynex Capital, Inc.		612		4,247
HomeTrust Bancshares, Inc.^*		226		4,181
Southwest Bancorp, Inc.		246		4,165
Cowen Group, Inc. — Class A^*		1,394		4,126
TriState Capital Holdings, Inc.^*		299		4,105
Pacific Continental Corp.		260		4,085
Federal Agricultural Mortgage Corp. — Class C		117		4,074
Independent Bank Corp.		278		4,034
West Bancorporation, Inc.		216		4,015
Arlington Asset Investment Corp. — Class A		308		4,007
Franklin Financial Network, Inc.^*		127		3,983
Peapack Gladstone Financial Corp.		214		3,961
Nicolet Bankshares, Inc.^*		104		3,960
RAIT Financial Trust		1,252		3,919
Bank of Marin Bancorp		81		3,918
United Community Financial Corp.		634		3,855
Horizon Bancorp		153		3,846
United Insurance Holdings Corp.		234		3,833
First Foundation, Inc.^*		177		3,806
Fidelity & Guaranty Life		162		3,755
OneBeacon Insurance Group Ltd. — Class A		272		3,754
Heritage Commerce Corp.		356		3,749
UMH Properties, Inc.		333		3,746
World Acceptance Corp.^*		82		3,739
Houlihan Lokey, Inc.		166		3,713
Live Oak Bancshares, Inc.		263		3,711
NMI Holdings, Inc. — Class A^*		674		3,694
Allegiance Bancshares, Inc.^*		148		3,682
Peoples Financial Services Corp.		94		3,679
Republic Bancorp, Inc. — Class A		132		3,647
First NBC Bank Holding Co.^*		213		3,576
Community Healthcare Trust, Inc.		169		3,573
eHealth, Inc.^*		246		3,449
Safeguard Scientifics, Inc.^*		275		3,435
Guaranty Bancorp		205		3,424
Triumph Bancorp, Inc.^*		211		3,376
CNB Financial Corp.		189		3,364
Atlantic Capital Bancshares, Inc.^*		231		3,340
Bluerock Residential Growth REIT, Inc.		256		3,328
On Deck Capital, Inc.^*		644		3,317
City Office REIT, Inc.		251		3,258
Federated National Holding Co.		171		3,256
Ladenburg Thalmann Financial Services, Inc.^*		1,379		3,254
National Bankshares, Inc.		93		3,248
Citizens & Northern Corp.		160		3,235
MidWestOne Financial Group, Inc.		113		3,227
HCI Group, Inc.		118		3,219
GAIN Capital Holdings, Inc.		509		3,217
First Connecticut Bancorp, Inc.		191		3,163
EMC Insurance Group, Inc.		114		3,160
Global Indemnity plc — Class A^*		114		3,138
Ames National Corp.		117		3,138
National Interstate Corp.		102		3,086
Baldwin & Lyons, Inc. — Class B		123		3,033
Sun Bancorp, Inc.^*		146		3,016
Acacia Research Corp.		681		2,996
First Bancorp, Inc.		139		2,994
FRP Holdings, Inc.^*		86		2,967
People's Utah Bancorp		176		2,922
Farmers National Banc Corp.		332		2,922
RMR Group, Inc. — Class A		94		2,911
Bancorp, Inc.^*		478		2,878
Orchid Island Capital, Inc.		279		2,871
Bar Harbor Bankshares		81		2,843
American National Bankshares, Inc.		112		2,820
NewStar Financial, Inc.^*		334		2,812
Fox Chase Bancorp, Inc.		138		2,807
Real Industry, Inc.^*		357		2,774
Farmers Capital Bank Corp.		100		2,735
Enterprise Bancorp, Inc.		114		2,735
Territorial Bancorp, Inc.		103		2,726
National Commerce Corp.^*		115		2,682
Old Second Bancorp, Inc.		392		2,677

Russell 2000^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 91.6% (continued)
Financial - 23.8% (continued)
Enova International, Inc.^*		362	$	2,664
Consolidated-Tomoka Land Co.		56		2,658
Sierra Bancorp		159		2,654
Penns Woods Bancorp, Inc.		63		2,645
Macatawa Bank Corp.		353		2,619
Trupanion, Inc.^*		196		2,597
Heritage Oaks Bancorp		327		2,596
First Business Financial Services, Inc.		110		2,582
Carolina Financial Corp.		138		2,578
Atlas Financial Holdings, Inc.^*		145		2,497
BSB Bancorp, Inc.^*		110		2,492
BankFinancial Corp.		207		2,482
Charter Financial Corp.		186		2,470
Your Community Bankshares, Inc.		66		2,453
Green Bancorp, Inc.^*		281		2,450
Great Ajax Corp.		175		2,427
Merchants Bancshares, Inc.		78		2,377
Cascade Bancorp^*		428		2,371
Northrim BanCorp, Inc.		90		2,366
C1 Financial, Inc.^*		101		2,356
Ocwen Financial Corp.^*		1,372		2,346
WashingtonFirst Bankshares, Inc.		108		2,334
PennyMac Financial Services, Inc. — Class A^*		186		2,323
Bear State Financial, Inc.		245		2,310
Owens Realty Mortgage, Inc.		134		2,230
Hingham Institution for Savings		18		2,213
Hallmark Financial Services, Inc.^*		190		2,202
Avenue Financial Holdings, Inc.^*		111		2,181
Access National Corp.		111		2,166
CommunityOne Bancorp^*		171		2,161
Home Bancorp, Inc.		77		2,115
Regional Management Corp.^*		144		2,111
Codorus Valley Bancorp, Inc.		103		2,098
Higher One Holdings, Inc.^*		410		2,095
Capital City Bank Group, Inc.		150		2,088
Oppenheimer Holdings, Inc. — Class A		135		2,087
Tiptree Financial, Inc. — Class A		372		2,039
Old Line Bancshares, Inc.		112		2,016
ACNB Corp.		80		2,009
MutualFirst Financial, Inc.		73		1,997
Trinity Place Holdings, Inc.^*		259		1,992
Shore Bancshares, Inc.		168		1,974
SI Financial Group, Inc.		149		1,973
GAMCO Investors, Inc. — Class A		60		1,966
Summit Financial Group, Inc.		112		1,960
Republic First Bancorp, Inc.^*		448		1,931
Union Bankshares, Inc.		53		1,927
First Mid-Illinois Bancshares, Inc.		77		1,925
C&F Financial Corp.		43		1,925
Premier Financial Bancorp, Inc.		114		1,921
Investors Title Co.		20		1,905
Manning & Napier, Inc. — Class A		200		1,900
MBT Financial Corp.		237		1,896
Donegal Group, Inc. — Class A		114		1,880
First Northwest Bancorp^*		147		1,873
LCNB Corp.		118		1,864
Southern Missouri Bancorp, Inc.		79		1,859
Southern First Bancshares, Inc.^*		77		1,856
Marlin Business Services Corp.		113		1,842
Southern National Bancorp of Virginia, Inc.		150		1,823
Orrstown Financial Services, Inc.		99		1,787
Lake Sunapee Bank Group		104		1,779
Veritex Holdings, Inc.^*		111		1,778
Farmland Partners, Inc.		156		1,766
Associated Capital Group, Inc. — Class A		61		1,749
Independence Holding Co.		97		1,743
Century Bancorp, Inc. — Class A		41		1,736
Middleburg Financial Corp.		63		1,714
Bankwell Financial Group, Inc.		77		1,699
Impac Mortgage Holdings, Inc.^*		108		1,693
Calamos Asset Management, Inc. — Class A		230		1,681
First Internet Bancorp		70		1,667
Central Valley Community Bancorp		117		1,638
Westfield Financial, Inc.		212		1,632
First Financial Northwest, Inc.		122		1,620
Provident Financial Holdings, Inc.		88		1,610
First Community Financial Partners, Inc.^*		182		1,602
Stratus Properties, Inc.^*		83		1,555
Equity Bancshares, Inc. — Class A^*		69		1,528
Pzena Investment Management, Inc. — Class A		199		1,514
ESSA Bancorp, Inc.		110		1,474
Blue Capital Reinsurance Holdings Ltd.		79		1,462
Pacific Mercantile Bancorp^*		205		1,456
Crawford & Co. — Class B		163		1,384
County Bancorp, Inc.		65		1,340
Hennessy Advisors, Inc.		39		1,305
Chemung Financial Corp.		43		1,262
FBR & Co.		83		1,239
Silvercrest Asset Management Group, Inc. — Class A		94		1,151
Midland States Bancorp, Inc.^*		50		1,085
Provident Bancorp, Inc.^*		59		910
Hampton Roads Bankshares, Inc.^*		476		852
Walter Investment Management Corp.^*		255		704
Greene County Bancorp, Inc.		41		667
BBX Capital Corp. — Class A^*		41		630
California First National Bancorp		32		473
Medley Management, Inc. — Class A		78		459

Russell 2000^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 91.6% (continued)
Financial - 23.8% (continued)
Fifth Street Asset Management, Inc.		69	$	279
American Independence Corp.^*		8		196
United Development Funding IV^††^†		200		–
Total Financial				5,782,574
Consumer, Non-cyclical - 18.5%
HealthSouth Corp.		1,210		46,971
PAREXEL International Corp.^*		716		45,023
Deluxe Corp.		667		44,268
B&G Foods, Inc.		846		40,776
NuVasive, Inc.^*		676		40,370
Prestige Brands Holdings, Inc.^*		726		40,220
Healthcare Services Group, Inc.		960		39,725
Bright Horizons Family Solutions, Inc.^*		599		39,719
Helen of Troy Ltd.^*		382		39,285
Team Health Holdings, Inc.^*		926		37,659
Snyder's-Lance, Inc.		1,098		37,211
Horizon Pharma plc^*		2,150		35,410
Cantel Medical Corp.		489		33,608
Darling Ingredients, Inc.^*		2,241		33,390
Integra LifeSciences Holdings Corp.^*		412		32,868
Lancaster Colony Corp.		256		32,668
Owens & Minor, Inc.		852		31,848
United Natural Foods, Inc.^*		677		31,684
Cimpress N.V.^*		342		31,628
Catalent, Inc.^*		1,358		31,220
Ligand Pharmaceuticals, Inc. — Class B^*		260		31,009
Medicines Co.^*		918		30,872
Cepheid^*		992		30,503
Chemed Corp.		221		30,124
Molina Healthcare, Inc.^*		590		29,441
Masimo Corp.^*		557		29,250
Impax Laboratories, Inc.^*		999		28,791
Myriad Genetics, Inc.^*		921		28,182
TESARO, Inc.^*		335		28,156
Neogen Corp.^*		497		27,956
ABM Industries, Inc.		761		27,761
Monro Muffler Brake, Inc.		428		27,204
Vector Group Ltd.		1,206		27,039
CEB, Inc.		438		27,017
Novavax, Inc.^*		3,683		26,774
Kite Pharma, Inc.^*		534		26,699
AMN Healthcare Services, Inc.^*		646		25,821
On Assignment, Inc.^*		694		25,644
Nektar Therapeutics^*		1,766		25,130
Cardtronics, Inc.^*		615		24,483
Grand Canyon Education, Inc.^*		613		24,471
J&J Snack Foods Corp.		205		24,450
Wright Medical Group N.V.^*		1,407		24,440
Matthews International Corp. — Class A		436		24,258
Exelixis, Inc.^*		3,101		24,218
Nevro Corp.^*		327		24,120
Ultragenyx Pharmaceutical, Inc.^*		491		24,015
Fresh Del Monte Produce, Inc.		441		24,004
Insulet Corp.^*		787		23,799
Sanderson Farms, Inc.		273		23,653
Ironwood Pharmaceuticals, Inc. — Class A^*		1,765		23,077
FTI Consulting, Inc.^*		566		23,025
Globus Medical, Inc. — Class A^*		956		22,781
ICU Medical, Inc.^*		201		22,663
Dean Foods Co.		1,250		22,613
WD-40 Co.		192		22,550
Cambrex Corp.^*		435		22,503
Magellan Health, Inc.^*		339		22,296
Avon Products, Inc.		5,867		22,177
Diplomat Pharmacy, Inc.^*		624		21,840
Bluebird Bio, Inc.^*		493		21,342
Incorporated Research Holdings, Inc. — Class A^*		557		21,238
Ophthotech Corp.^*		416		21,228
Halyard Health, Inc.^*		638		20,748
Tumi Holdings, Inc.^*		770		20,590
Boston Beer Company, Inc. — Class A^*		120		20,524
Travelport Worldwide Ltd.		1,576		20,315
Penumbra, Inc.^*		341		20,290
HMS Holdings Corp.^*		1,150		20,252
Haemonetics Corp.^*		698		20,235
Advisory Board Co.^*		559		19,783
Sotheby's		714		19,564
Amedisys, Inc.^*		381		19,233
Aaron's, Inc.		876		19,176
ExamWorks Group, Inc.^*		548		19,098
NxStage Medical, Inc.^*		868		18,818
Cal-Maine Foods, Inc.		422		18,703
LifeLock, Inc.^*		1,153		18,229
Intra-Cellular Therapies, Inc.^*		468		18,168
CONMED Corp.		376		17,946
HealthEquity, Inc.^*		589		17,897
ARIAD Pharmaceuticals, Inc.^*		2,413		17,832
Huron Consulting Group, Inc.^*		295		17,824
Community Health Systems, Inc.^*		1,470		17,714
Brink's Co.		615		17,521
Universal Corp.		303		17,495
Surgical Care Affiliates, Inc.^*		366		17,447
TherapeuticsMD, Inc.^*		2,047		17,400
Air Methods Corp.^*		485		17,378
SUPERVALU, Inc.^*		3,627		17,120
Natus Medical, Inc.^*		444		16,783
Pacira Pharmaceuticals, Inc.^*		497		16,764
Prothena Corporation plc^*		474		16,571
Insperity, Inc.		214		16,527
Depomed, Inc.^*		833		16,343
Korn/Ferry International		782		16,187
Exact Sciences Corp.^*		1,321		16,182
Portola Pharmaceuticals, Inc.^*		672		15,859
Alder Biopharmaceuticals, Inc.^*		634		15,831
Select Medical Holdings Corp.^*		1,456		15,827
Radius Health, Inc.^*		430		15,803
Cynosure, Inc. — Class A^*		323		15,712
SpartanNash Co.		504		15,412
DeVry Education Group, Inc.		853		15,218
Five Prime Therapeutics, Inc.^*		368		15,217
ACCO Brands Corp.^*		1,450		14,979

Russell 2000^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 91.6% (continued)
Consumer, Non-cyclical - 18.5% (continued)
Acorda Therapeutics, Inc.^*		586	$	14,946
Calavo Growers, Inc.		211		14,137
Abaxis, Inc.		299		14,122
LDR Holding Corp.^*		375		13,856
Endologix, Inc.^*		1,106		13,781
HeartWare International, Inc.^*		238		13,745
PRA Health Sciences, Inc.^*		329		13,739
Ensign Group, Inc.		651		13,678
Performance Food Group Co.^*		506		13,617
Analogic Corp.		170		13,505
EVERTEC, Inc.		867		13,473
Green Dot Corp. — Class A^*		582		13,380
Zeltiq Aesthetics, Inc.^*		484		13,228
Celator Pharmaceuticals, Inc.^*		435		13,127
Andersons, Inc.		367		13,043
Supernus Pharmaceuticals, Inc.^*		638		12,996
Kindred Healthcare, Inc.		1,149		12,972
Greatbatch, Inc.^*		417		12,898
Halozyme Therapeutics, Inc.^*		1,487		12,833
Acceleron Pharma, Inc.^*		374		12,709
Paylocity Holding Corp.^*		294		12,701
Repligen Corp.^*		461		12,613
Achillion Pharmaceuticals, Inc.^*		1,598		12,464
Emergent BioSolutions, Inc.^*		443		12,457
TriNet Group, Inc.^*		575		11,954
Spark Therapeutics, Inc.^*		232		11,862
MacroGenics, Inc.^*		435		11,741
FibroGen, Inc.^*		714		11,717
Merit Medical Systems, Inc.^*		587		11,640
Innoviva, Inc.		1,102		11,604
Seaboard Corp.^*		4		11,483
AMAG Pharmaceuticals, Inc.^*		476		11,386
Theravance Biopharma, Inc.^*		495		11,232
Inogen, Inc.^*		222		11,124
MiMedx Group, Inc.^*		1,394		11,124
Sarepta Therapeutics, Inc.^*		583		11,118
Meridian Bioscience, Inc.		569		11,096
Luminex Corp.^*		542		10,965
Spectranetics Corp.^*		583		10,908
TrueBlue, Inc.^*		574		10,860
Sage Therapeutics, Inc.^*		359		10,817
Apollo Education Group, Inc. — Class A^*		1,165		10,625
Navigant Consulting, Inc.^*		649		10,481
Anika Therapeutics, Inc.^*		192		10,301
Orthofix International N.V.^*		239		10,134
NutriSystem, Inc.		397		10,068
ICF International, Inc.^*		246		10,061
National Beverage Corp.^*		160		10,050
PharMerica Corp.^*		403		9,938
US Physical Therapy, Inc.		165		9,935
National Healthcare Corp.		153		9,905
Central Garden & Pet Co. — Class A^*		456		9,900
Puma Biotechnology, Inc.^*		330		9,831
McGrath RentCorp		320		9,789
Team, Inc.^*		394		9,783
Vascular Solutions, Inc.^*		230		9,582
Momenta Pharmaceuticals, Inc.^*		886		9,569
Relypsa, Inc.^*		515		9,528
Amicus Therapeutics, Inc.^*		1,737		9,484
Coca-Cola Bottling Company Consolidated		64		9,438
Synergy Pharmaceuticals, Inc.^*		2,458		9,340
Cempra, Inc.^*		564		9,300
Quad/Graphics, Inc.		395		9,200
ZIOPHARM Oncology, Inc.^*		1,657		9,097
Tootsie Roll Industries, Inc.		235		9,055
Lannett Company, Inc.^*		378		8,993
Merrimack Pharmaceuticals, Inc.^*		1,664		8,969
SciClone Pharmaceuticals, Inc.^*		683		8,920
LHC Group, Inc.^*		204		8,829
Retrophin, Inc.^*		494		8,798
Rent-A-Center, Inc.		708		8,694
Adeptus Health, Inc. — Class A^*		168		8,679
Cerus Corp.^*		1,381		8,617
Viad Corp.		274		8,494
Dermira, Inc.^*		286		8,366
Inovio Pharmaceuticals, Inc.^*		905		8,362
Xencor, Inc.^*		439		8,337
Insmed, Inc.^*		845		8,332
Lexicon Pharmaceuticals, Inc.^*		576		8,266
Atrion Corp.		19		8,129
Capella Education Co.		154		8,107
Cardiovascular Systems, Inc.^*		435		7,993
Providence Service Corp.^*		177		7,944
Novocure Ltd.^*		679		7,924
USANA Health Sciences, Inc.^*		71		7,912
Amphastar Pharmaceuticals, Inc.^*		485		7,818
Heron Therapeutics, Inc.^*		433		7,816
Triple-S Management Corp. — Class B^*		318		7,769
Dynavax Technologies Corp.^*		530		7,727
LendingTree, Inc.^*		87		7,685
Kelly Services, Inc. — Class A		400		7,588
Pacific Biosciences of California, Inc.^*		1,039		7,309
Resources Connection, Inc.		486		7,183
Keryx Biopharmaceuticals, Inc.^*		1,077		7,130
Ingles Markets, Inc. — Class A		191		7,124
Atara Biotherapeutics, Inc.^*		316		7,113
PDL BioPharma, Inc.		2,253		7,074
Strayer Education, Inc.^*		143		7,026
Array BioPharma, Inc.^*		1,970		7,013
CBIZ, Inc.^*		673		7,006
Seres Therapeutics, Inc.^*		241		7,001
Inter Parfums, Inc.		238		6,800
Coherus Biosciences, Inc.^*		402		6,790
Capital Senior Living Corp.^*		384		6,785
Ennis, Inc.		349		6,694
Weis Markets, Inc.		131		6,622
Genomic Health, Inc.^*		255		6,603
Glaukos Corp.^*		226		6,590
MGP Ingredients, Inc.		171		6,537
Quidel Corp.^*		366		6,537

Russell 2000^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 91.6% (continued)
Consumer, Non-cyclical - 18.5% (continued)
Raptor Pharmaceutical Corp.^*		1,166	$	6,261
RPX Corp.^*		677		6,208
Cross Country Healthcare, Inc.^*		437		6,083
AtriCure, Inc.^*		429		6,062
ANI Pharmaceuticals, Inc.^*		108		6,029
BioTelemetry, Inc.^*		368		5,998
Spectrum Pharmaceuticals, Inc.^*		912		5,992
Universal American Corp.		790		5,988
Omega Protein Corp.^*		298		5,957
Clovis Oncology, Inc.^*		433		5,941
American Public Education, Inc.^*		211		5,929
Amplify Snack Brands, Inc.^*		396		5,841
CorVel Corp.^*		135		5,829
NeoGenomics, Inc.^*		723		5,813
Aerie Pharmaceuticals, Inc.^*		328		5,773
K12, Inc.^*		461		5,758
Celldex Therapeutics, Inc.^*		1,303		5,720
Accuray, Inc.^*		1,087		5,642
Kforce, Inc.		334		5,641
Epizyme, Inc.^*		549		5,622
Vanda Pharmaceuticals, Inc.^*		500		5,595
Corcept Therapeutics, Inc.^*		1,018		5,558
Geron Corp.^*		2,059		5,518
Blueprint Medicines Corp.^*		271		5,488
Sangamo BioSciences, Inc.^*		947		5,483
XenoPort, Inc.^*		777		5,470
K2M Group Holdings, Inc.^*		350		5,432
Career Education Corp.^*		912		5,426
Aduro Biotech, Inc.^*		476		5,384
Landauer, Inc.		130		5,351
SP Plus Corp.^*		236		5,329
Omeros Corp.^*		505		5,313
AngioDynamics, Inc.^*		368		5,288
Sagent Pharmaceuticals, Inc.^*		350		5,243
Invacare Corp.		432		5,240
Otonomy, Inc.^*		327		5,193
Revlon, Inc. — Class A^*		160		5,149
MannKind Corp.^*		4,419		5,126
CryoLife, Inc.		430		5,078
Lion Biotechnologies, Inc.^*		621		5,030
Healthways, Inc.^*		435		5,024
Forrester Research, Inc.		135		4,976
John B Sanfilippo & Son, Inc.		116		4,945
Rockwell Medical, Inc.^*		653		4,943
XBiotech, Inc.^*		235		4,916
Carriage Services, Inc. — Class A		202		4,783
GenMark Diagnostics, Inc.^*		547		4,759
Phibro Animal Health Corp. — Class A		255		4,758
Albany Molecular Research, Inc.^*		354		4,758
Medifast, Inc.		143		4,758
Almost Family, Inc.^*		111		4,730
Enanta Pharmaceuticals, Inc.^*		213		4,697
Eagle Pharmaceuticals, Inc.^*		121		4,694
Smart & Final Stores, Inc.^*		315		4,690
Surgery Partners, Inc.^*		254		4,547
Accelerate Diagnostics, Inc.^*		314		4,518
Elizabeth Arden, Inc.^*		327		4,500
Tejon Ranch Co.^*		190		4,492
Intersect ENT, Inc.^*		347		4,487
Teladoc, Inc.^*		280		4,486
Arena Pharmaceuticals, Inc.^*		2,585		4,420
Weight Watchers International, Inc.^*		378		4,396
Arrowhead Pharmaceuticals, Inc.^*		825		4,389
Cytokinetics, Inc.^*		462		4,384
OraSure Technologies, Inc.^*		739		4,367
Organovo Holdings, Inc.^*		1,174		4,367
Civitas Solutions, Inc.^*		206		4,291
Axovant Sciences Ltd.^*		331		4,250
Natera, Inc.^*		352		4,247
Hackett Group, Inc.		306		4,244
Quorum Health Corp.^*		395		4,230
Chefs' Warehouse, Inc.^*		264		4,224
Heidrick & Struggles International, Inc.		250		4,220
Loxo Oncology, Inc.^*		182		4,219
Vectrus, Inc.^*		146		4,160
SurModics, Inc.^*		177		4,156
Insys Therapeutics, Inc.^*		320		4,141
Versartis, Inc.^*		372		4,114
Agenus, Inc.^*		997		4,038
Teligent, Inc.^*		565		4,034
Progenics Pharmaceuticals, Inc.^*		949		4,005
Barrett Business Services, Inc.		96		3,967
Vitae Pharmaceuticals, Inc.^*		357		3,852
Aimmune Therapeutics, Inc.^*		355		3,841
Trevena, Inc.^*		608		3,830
Exactech, Inc.^*		142		3,797
Revance Therapeutics, Inc.^*		279		3,794
Flexion Therapeutics, Inc.^*		252		3,771
Advaxis, Inc.^*		456		3,689
Bellicum Pharmaceuticals, Inc.^*		283		3,668
Akebia Therapeutics, Inc.^*		490		3,665
Alarm.com Holdings, Inc.^*		141		3,614
Cotiviti Holdings, Inc.^*		170		3,591
Electro Rent Corp.		232		3,575
ImmunoGen, Inc.^*		1,149		3,539
Farmer Brothers Co.^*		110		3,527
Great Lakes Dredge & Dock Corp.^*		806		3,514
Sucampo Pharmaceuticals, Inc. — Class A^*		319		3,499
Adamas Pharmaceuticals, Inc.^*		228		3,452
Foundation Medicine, Inc.^*		183		3,415
ConforMIS, Inc.^*		480		3,370
American Renal Associates Holdings, Inc.^*		116		3,361
ServiceSource International, Inc.^*		832		3,353
Primo Water Corp.^*		282		3,330
NewLink Genetics Corp.^*		295		3,322
Seneca Foods Corp. — Class A^*		89		3,223
PTC Therapeutics, Inc.^*		454		3,187
Global Blood Therapeutics, Inc.^*		191		3,169

Russell 2000^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 91.6% (continued)
Consumer, Non-cyclical - 18.5% (continued)
Enzo Biochem, Inc.^*		528	$	3,152
CSS Industries, Inc.		117		3,137
Heska Corp.^*		83		3,085
Central Garden & Pet Co.^*		135		3,082
AAC Holdings, Inc.^*		135		3,081
TG Therapeutics, Inc.^*		502		3,042
La Jolla Pharmaceutical Co.^*		190		3,040
STAAR Surgical Co.^*		546		3,008
CRA International, Inc.^*		119		3,001
MediciNova, Inc.^*		396		2,990
Utah Medical Products, Inc.		47		2,961
BioSpecifics Technologies Corp.^*		74		2,956
OncoMed Pharmaceuticals, Inc.^*		239		2,942
Village Super Market, Inc. — Class A		100		2,889
Aratana Therapeutics, Inc.^*		455		2,876
Monster Worldwide, Inc.^*		1,195		2,856
Natural Health Trends Corp.		101		2,847
BioCryst Pharmaceuticals, Inc.^*		1,002		2,846
Rigel Pharmaceuticals, Inc.^*		1,270		2,832
CytomX Therapeutics, Inc.^*		276		2,819
Limoneira Co.		160		2,819
RTI Surgical, Inc.^*		784		2,815
TerraVia Holdings, Inc.^*		1,071		2,806
MoneyGram International, Inc.^*		404		2,767
Immunomedics, Inc.^*		1,190		2,761
Paratek Pharmaceuticals, Inc.^*		197		2,740
Oxford Immunotec Global plc^*		303		2,727
Ardelyx, Inc.^*		312		2,724
Zogenix, Inc.^*		338		2,721
RadNet, Inc.^*		507		2,707
Anavex Life Sciences Corp.^*		435		2,658
LeMaitre Vascular, Inc.		184		2,626
Nutraceutical International Corp.^*		113		2,616
Care.com, Inc.^*		218		2,546
NanoString Technologies, Inc.^*		202		2,545
InVivo Therapeutics Holdings Corp.^*		439		2,537
Concert Pharmaceuticals, Inc.^*		225		2,527
Avexis, Inc.^*		66		2,509
Lifevantage Corp.^*		184		2,502
Applied Genetic Technologies Corp.^*		172		2,430
Curis, Inc.^*		1,522		2,374
BioScrip, Inc.^*		925		2,359
Editas Medicine, Inc.^*		94		2,294
Chimerix, Inc.^*		582		2,287
BioTime, Inc.^*		872		2,276
Aclaris Therapeutics, Inc.^*		123		2,272
Invitae Corp.^*		306		2,261
OvaScience, Inc.^*		427		2,225
Edge Therapeutics, Inc.^*		220		2,224
AxoGen, Inc.^*		322		2,215
Bio-Path Holdings, Inc.^*		1,108		2,205
Athersys, Inc.^*		1,014		2,200
Sorrento Therapeutics, Inc.^*		391		2,190
Collegium Pharmaceutical, Inc.^*		184		2,180
Ignyta, Inc.^*		402		2,179
ARC Document Solutions, Inc.^*		560		2,178
REGENXBIO, Inc.^*		272		2,176
Minerva Neurosciences, Inc.^*		213		2,175
Karyopharm Therapeutics, Inc.^*		322		2,161
Ascent Capital Group, Inc. — Class A^*		139		2,139
Tetraphase Pharmaceuticals, Inc.^*		496		2,133
Franklin Covey Co.^*		139		2,131
Durect Corp.^*		1,721		2,100
Pfenex, Inc.^*		248		2,076
WaVe Life Sciences Ltd.^*		99		2,048
CytRx Corp.^*		911		2,032
PharmAthene, Inc.^*		830		2,025
Inventure Foods, Inc.^*		259		2,023
Collectors Universe, Inc.		102		2,015
Vital Therapies, Inc.^*		323		2,003
Cellular Biomedicine Group, Inc.^*		166		1,990
Intellia Therapeutics, Inc.^*		93		1,986
Craft Brew Alliance, Inc.^*		172		1,981
Esperion Therapeutics, Inc.^*		195		1,927
Tandem Diabetes Care, Inc.^*		254		1,915
MyoKardia, Inc.^*		153		1,897
PFSweb, Inc.^*		199		1,891
Zafgen, Inc.^*		312		1,869
Entellus Medical, Inc.^*		102		1,864
Idera Pharmaceuticals, Inc.^*		1,214		1,857
Medgenics, Inc.^*		332		1,843
Synthetic Biologics, Inc.^*		1,008		1,814
Cutera, Inc.^*		160		1,794
Addus HomeCare Corp.^*		101		1,760
Bridgepoint Education, Inc.^*		243		1,759
Avinger, Inc.^*		146		1,742
Trovagene, Inc.^*		384		1,740
Voyager Therapeutics, Inc.^*		158		1,736
Inotek Pharmaceuticals Corp.^*		233		1,734
Symmetry Surgical, Inc.^*		132		1,733
Neos Therapeutics, Inc.^*		186		1,726
Alliance One International, Inc.^*		112		1,725
Nobilis Health Corp.^*		753		1,679
Endocyte, Inc.^*		518		1,663
Anthera Pharmaceuticals, Inc.^*		536		1,656
Natural Grocers by Vitamin Cottage, Inc.^*		124		1,618
ChromaDex Corp.^*		381		1,577
T2 Biosystems, Inc.^*		199		1,570
National Research Corp. — Class A		114		1,562
Stemline Therapeutics, Inc.^*		230		1,557
Information Services Group, Inc.^*		414		1,553
Regulus Therapeutics, Inc.^*		527		1,523
Reata Pharmaceuticals, Inc. — Class A^*		77		1,521
Cidara Therapeutics, Inc.^*		145		1,495
Tobira Therapeutics, Inc.^*		119		1,495
Iridex Corp.^*		101		1,494
Egalet Corp.^*		296		1,468

Russell 2000^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 91.6% (continued)
Consumer, Non-cyclical - 18.5% (continued)
Senseonics Holdings, Inc.^*		371	$	1,458
CPI Card Group, Inc.		286		1,433
Neff Corp. — Class A^*		130		1,421
NantKwest, Inc.^*		225		1,400
Osiris Therapeutics, Inc.		271		1,379
Agile Therapeutics, Inc.^*		181		1,377
Cara Therapeutics, Inc.^*		286		1,376
Titan Pharmaceuticals, Inc.^*		251		1,373
ChemoCentryx, Inc.^*		291		1,307
Alico, Inc.		43		1,301
AcelRx Pharmaceuticals, Inc.^*		472		1,270
Immune Design Corp.^*		153		1,248
Liberty Tax, Inc.		93		1,239
Fortress Biotech, Inc.^*		454		1,221
Patriot National, Inc.^*		148		1,211
Ocular Therapeutix, Inc.^*		244		1,208
B. Riley Financial, Inc.		125		1,198
iRadimed Corp.^*		55		1,197
Galena Biopharma, Inc.^*		2,501		1,166
TransEnterix, Inc.^*		946		1,154
Axsome Therapeutics, Inc.^*		149		1,123
Nature's Sunshine Products, Inc.		116		1,105
Synutra International, Inc.^*		288		1,097
Proteostasis Therapeutics, Inc.^*		84		1,019
GlycoMimetics, Inc.^*		138		1,003
Dimension Therapeutics, Inc.^*		166		996
Adverum Biotechnologies, Inc.^*		314		992
Veracyte, Inc.^*		191		961
Mirati Therapeutics, Inc.^*		173		945
Eiger BioPharmaceuticals, Inc.^*		47		932
Genesis Healthcare, Inc.^*		510		903
Infinity Pharmaceuticals, Inc.^*		670		891
Argos Therapeutics, Inc.^*		143		877
Cambium Learning Group, Inc.^*		183		825
Turning Point Brands, Inc.^*		80		822
Ampio Pharmaceuticals, Inc.^*		585		755
Tokai Pharmaceuticals, Inc.^*		135		744
Asterias Biotherapeutics, Inc.^*		307		737
Second Sight Medical Products, Inc.^*		194		695
Lipocine, Inc.^*		221		672
Corvus Pharmaceuticals, Inc.^*		45		642
Syndax Pharmaceuticals, Inc.^*		63		621
Lifeway Foods, Inc.^*		64		619
vTv Therapeutics, Inc. — Class A^*		104		603
USMD Holdings, Inc.^*		31		581
ViewRay, Inc.^*		90		368
Griffin Land & Nurseries, Inc.		10		307
Total Consumer, Non-cyclical				4,482,953
Industrial - 12.0%
Curtiss-Wright Corp.		604		50,887
Teledyne Technologies, Inc.^*		467		46,256
Woodward, Inc.		722		41,617
EMCOR Group, Inc.		826		40,689
CLARCOR, Inc.		650		39,539
Universal Display Corp.^*		566		38,375
Dycom Industries, Inc.^*		417		37,430
Littelfuse, Inc.		302		35,693
EnerSys		594		35,325
XPO Logistics, Inc.^*		1,332		34,979
Belden, Inc.		572		34,532
Tech Data Corp.^*		477		34,272
Louisiana-Pacific Corp.^*		1,967		34,128
Generac Holdings, Inc.^*		892		31,184
Coherent, Inc.^*		330		30,287
Joy Global, Inc.		1,314		27,777
Drew Industries, Inc.		324		27,488
Masonite International Corp.^*		414		27,383
Sanmina Corp.^*		1,002		26,863
Universal Forest Products, Inc.		270		25,027
Esterline Technologies Corp.^*		403		25,002
Mueller Industries, Inc.		773		24,643
Granite Construction, Inc.		539		24,551
John Bean Technologies Corp.		397		24,304
Mueller Water Products, Inc. — Class A		2,126		24,279
Knight Transportation, Inc.		913		24,268
Tetra Tech, Inc.		788		24,227
Hillenbrand, Inc.		805		24,182
GATX Corp.		545		23,964
IMAX Corp.^*		804		23,702
Moog, Inc. — Class A^*		436		23,509
Triumph Group, Inc.		657		23,324
Kennametal, Inc.		1,052		23,260
Vishay Intertechnology, Inc.		1,861		23,058
Barnes Group, Inc.		686		22,720
Simpson Manufacturing Company, Inc.		566		22,623
RBC Bearings, Inc.^*		309		22,403
KLX, Inc.^*		721		22,351
Applied Industrial Technologies, Inc.		495		22,344
MSA Safety, Inc.		424		22,273
Rexnord Corp.^*		1,131		22,202
Watts Water Technologies, Inc. — Class A		379		22,081
AZZ, Inc.		353		21,173
Franklin Electric Company, Inc.		628		20,755
Advanced Energy Industries, Inc.^*		539		20,460
Exponent, Inc.		349		20,385
Smith & Wesson Holding Corp.^*		748		20,330
MasTec, Inc.^*		903		20,155
Plexus Corp.^*		455		19,656
Itron, Inc.^*		456		19,654
Proto Labs, Inc.^*		336		19,340
Brady Corp. — Class A		624		19,069
Matson, Inc.		590		19,051
TopBuild Corp.^*		514		18,607
Golar LNG Ltd.		1,185		18,367
Actuant Corp. — Class A		802		18,133
Forward Air Corp.		406		18,079
Trex Company, Inc.^*		402		18,058
Apogee Enterprises, Inc.		387		17,937
Headwaters, Inc.^*		992		17,797
TASER International, Inc.^*		712		17,715
Fabrinet^*		476		17,669
Hub Group, Inc. — Class A^*		457		17,535

Russell 2000^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 91.6% (continued)
Industrial - 12.0% (continued)
Summit Materials, Inc. — Class A^*		855	$	17,493
Methode Electronics, Inc.		498		17,047
Trinseo S.A.		388		16,657
Comfort Systems USA, Inc.		506		16,480
Knowles Corp.^*		1,204		16,471
Nordic American Tankers Ltd.		1,184		16,446
Sturm Ruger & Company, Inc.		253		16,195
Swift Transportation Co. — Class A^*		1,019		15,703
Albany International Corp. — Class A		391		15,613
Kaman Corp.		366		15,562
KapStone Paper and Packaging Corp.		1,178		15,326
II-VI, Inc.^*		812		15,233
AAON, Inc.		551		15,158
Rogers Corp.^*		246		15,031
Aerojet Rocketdyne Holdings, Inc.^*		813		14,862
Astec Industries, Inc.		264		14,824
GoPro, Inc. — Class A^*		1,345		14,539
Standex International Corp.		173		14,295
Benchmark Electronics, Inc.^*		675		14,276
Werner Enterprises, Inc.		609		13,989
Badger Meter, Inc.		191		13,949
OSI Systems, Inc.^*		239		13,893
ESCO Technologies, Inc.		347		13,859
Atlas Air Worldwide Holdings, Inc.^*		334		13,834
Cubic Corp.		344		13,815
US Ecology, Inc.		298		13,693
Gibraltar Industries, Inc.^*		430		13,575
EnPro Industries, Inc.		294		13,051
Greif, Inc. — Class A		349		13,008
Advanced Drainage Systems, Inc.		474		12,973
Tennant Co.		239		12,875
CIRCOR International, Inc.		225		12,823
Builders FirstSource, Inc.^*		1,137		12,791
Briggs & Stratton Corp.		579		12,263
SPX FLOW, Inc.^*		470		12,253
Boise Cascade Co.^*		532		12,209
Tutor Perini Corp.^*		515		12,128
Ship Finance International Ltd.		818		12,057
Patrick Industries, Inc.^*		198		11,937
US Concrete, Inc.^*		195		11,877
Rofin-Sinar Technologies, Inc.^*		369		11,786
Multi-Color Corp.		185		11,729
TriMas Corp.^*		615		11,070
Caesarstone Ltd.^*		318		11,054
Heartland Express, Inc.		628		10,921
Greenbrier Companies, Inc.		370		10,778
Continental Building Products, Inc.^*		480		10,670
Federal Signal Corp.		818		10,536
AAR Corp.		451		10,526
Primoris Services Corp.		549		10,393
Encore Wire Corp.		276		10,289
Chart Industries, Inc.^*		417		10,062
Lindsay Corp.		145		9,840
Sun Hydraulics Corp.		317		9,412
Raven Industries, Inc.		495		9,375
Scorpio Tankers, Inc.		2,230		9,366
Aegion Corp. — Class A^*		477		9,306
Altra Industrial Motion Corp.		344		9,281
Manitowoc Company, Inc.		1,695		9,238
Air Transport Services Group, Inc.^*		707		9,163
Babcock & Wilcox Enterprises, Inc.^*		610		8,961
Echo Global Logistics, Inc.^*		392		8,789
Lydall, Inc.^*		227		8,753
Astronics Corp.^*		263		8,747
Quanex Building Products Corp.		467		8,682
Saia, Inc.^*		344		8,648
AVX Corp.		635		8,623
Alamo Group, Inc.		129		8,510
General Cable Corp.		662		8,414
SPX Corp.^*		554		8,227
Nortek, Inc.^*		134		7,948
Global Brass & Copper Holdings, Inc.		288		7,860
Aerovironment, Inc.^*		279		7,756
Hyster-Yale Materials Handling, Inc.		129		7,674
CTS Corp.		427		7,652
FARO Technologies, Inc.^*		226		7,646
Argan, Inc.		182		7,593
Kadant, Inc.		146		7,520
TTM Technologies, Inc.^*		988		7,440
Harsco Corp.		1,099		7,297
GasLog Ltd.		558		7,243
Griffon Corp.		413		6,963
Frontline Ltd.		884		6,957
Insteel Industries, Inc.		239		6,833
PGT, Inc.^*		652		6,716
Gorman-Rupp Co.		240		6,578
Novanta, Inc.^*		431		6,530
National Presto Industries, Inc.		67		6,321
DHT Holdings, Inc.		1,252		6,298
Marten Transport Ltd.		313		6,197
TAL International Group, Inc.		453		6,075
NCI Building Systems, Inc.^*		371		5,932
Chase Corp.		96		5,671
Tredegar Corp.		347		5,594
MYR Group, Inc.^*		232		5,587
Mistras Group, Inc.^*		234		5,586
Stoneridge, Inc.^*		366		5,468
ArcBest Corp.		336		5,460
Haynes International, Inc.		170		5,453
Overseas Shipholding Group, Inc. — Class A		483		5,308
Armstrong Flooring, Inc.^*		313		5,305
TimkenSteel Corp.		538		5,176
Mesa Laboratories, Inc.		41		5,043
NN, Inc.		358		5,008
Kimball Electronics, Inc.^*		383		4,768
Teekay Tankers Ltd. — Class A		1,589		4,735
Powell Industries, Inc.		119		4,681

Russell 2000^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 91.6% (continued)
Industrial - 12.0% (continued)
AEP Industries, Inc.		55	$	4,425
Ply Gem Holdings, Inc.^*		300		4,371
Myers Industries, Inc.		296		4,262
Greif, Inc. — Class B		77		4,216
American Railcar Industries, Inc.		106		4,184
Teekay Corp.		585		4,171
Casella Waste Systems, Inc. — Class A^*		527		4,137
Energy Recovery, Inc.^*		459		4,081
VSE Corp.		59		3,941
YRC Worldwide, Inc.^*		444		3,907
Multi Packaging Solutions International Ltd.^*		289		3,858
Park Electrochemical Corp.		264		3,836
NVE Corp.		65		3,812
GP Strategies Corp.^*		174		3,774
Columbus McKinnon Corp.		265		3,750
Hornbeck Offshore Services, Inc.^*		444		3,703
American Science & Engineering, Inc.		97		3,629
LSI Industries, Inc.		324		3,587
Fluidigm Corp.^*		397		3,585
CECO Environmental Corp.		399		3,487
Textainer Group Holdings Ltd.		309		3,442
Olympic Steel, Inc.		125		3,414
LSB Industries, Inc.^*		281		3,394
Gener8 Maritime, Inc.^*		529		3,386
Park-Ohio Holdings Corp.		116		3,280
Roadrunner Transportation Systems, Inc.^*		417		3,111
Celadon Group, Inc.		372		3,039
Imprivata, Inc.^*		217		3,038
Multi-Fineline Electronix, Inc.^*		128		2,970
Covenant Transportation Group, Inc. — Class A^*		162		2,927
Milacron Holdings Corp.^*		198		2,873
Tidewater, Inc.		646		2,849
NV5 Global, Inc.^*		100		2,844
Ducommun, Inc.^*		142		2,809
Sparton Corp.^*		128		2,787
Costamare, Inc.		352		2,700
DXP Enterprises, Inc.^*		177		2,643
Kratos Defense & Security Solutions, Inc.^*		632		2,591
Energous Corp.^*		198		2,564
Applied Optoelectronics, Inc.^*		225		2,509
Hurco Companies, Inc.		87		2,421
Graham Corp.		130		2,395
Dorian LPG Ltd.^*		330		2,327
FreightCar America, Inc.		165		2,318
Vicor Corp.^*		225		2,266
Bel Fuse, Inc. — Class B		126		2,240
Control4 Corp.^*		274		2,236
Vishay Precision Group, Inc.^*		165		2,214
Electro Scientific Industries, Inc.^*		367		2,143
USA Truck, Inc.^*		122		2,136
Heritage-Crystal Clean, Inc.^*		174		2,125
Ardmore Shipping Corp.		298		2,017
Dynamic Materials Corp.		187		2,010
ZAGG, Inc.^*		376		1,974
Layne Christensen Co.^*		242		1,960
Allied Motion Technologies, Inc.		84		1,954
Orion Group Holdings, Inc.^*		367		1,949
UFP Technologies, Inc.^*		86		1,938
Hill International, Inc.^*		441		1,795
Navios Maritime Acquisition Corp.		1,100		1,727
Lawson Products, Inc.^*		86		1,708
Aqua Metals, Inc.^*		143		1,682
TRC Companies, Inc.^*		254		1,605
CAI International, Inc.^*		214		1,605
Hardinge, Inc.		156		1,569
Radiant Logistics, Inc.^*		515		1,545
Omega Flex, Inc.		40		1,522
Universal Logistics Holdings, Inc.		114		1,471
Scorpio Bulkers, Inc.^*		521		1,454
American Superconductor Corp.^*		156		1,317
IES Holdings, Inc.^*		104		1,292
Ampco-Pittsburgh Corp.		114		1,289
Willis Lease Finance Corp.^*		58		1,289
Power Solutions International, Inc.^*		65		1,160
Gencor Industries, Inc.^*		69		1,071
Handy & Harman Ltd.^*		40		1,048
PAM Transportation Services, Inc.^*		32		508
NL Industries, Inc.^*		114		293
Total Industrial				2,913,469
Consumer, Cyclical - 11.2%
Cracker Barrel Old Country Store, Inc.		262		44,926
DreamWorks Animation SKG, Inc. — Class A^*		1,057		43,200
Texas Roadhouse, Inc. — Class A		904		41,223
Jack in the Box, Inc.		445		38,234
Beacon Roofing Supply, Inc.^*		816		37,104
American Eagle Outfitters, Inc.		2,273		36,209
Buffalo Wild Wings, Inc.^*		258		35,849
Tenneco, Inc.^*		769		35,843
Big Lots, Inc.		681		34,125
Five Below, Inc.^*		731		33,927
Cheesecake Factory, Inc.		620		29,847
Core-Mark Holding Company, Inc.		623		29,194
HNI Corp.		618		28,730
Steven Madden Ltd.^*		840		28,712
Bloomin' Brands, Inc.		1,553		27,752
Hawaiian Holdings, Inc.^*		719		27,294
Allegiant Travel Co. — Class A		180		27,270
Wolverine World Wide, Inc.		1,322		26,863
G-III Apparel Group Ltd.^*		587		26,837
PriceSmart, Inc.		273		25,545
Deckers Outdoor Corp.^*		443		25,481
Papa John's International, Inc.		371		25,228

Russell 2000^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 91.6% (continued)
Consumer, Cyclical - 11.2% (continued)
Interval Leisure Group, Inc.		1,542	$	24,518
Herman Miller, Inc.		817		24,420
Office Depot, Inc.^*		7,372		24,401
TRI Pointe Group, Inc.^*		2,032		24,017
Dave & Buster's Entertainment, Inc.^*		513		24,003
UniFirst Corp.		206		23,838
Churchill Downs, Inc.		184		23,251
Lithia Motors, Inc. — Class A		324		23,027
Cooper Tire & Rubber Co.		755		22,514
GNC Holdings, Inc. — Class A		915		22,225
Liberty TripAdvisor Holdings, Inc. — Class A^*		990		21,661
Dana Holding Corp.		2,034		21,479
Columbia Sportswear Co.		368		21,175
Anixter International, Inc.^*		396		21,099
Marriott Vacations Worldwide Corp.		306		20,958
Mobile Mini, Inc.		604		20,923
HSN, Inc.		427		20,893
Boyd Gaming Corp.^*		1,126		20,718
Dorman Products, Inc.^*		362		20,706
Children's Place, Inc.		255		20,446
G&K Services, Inc. — Class A		267		20,444
DineEquity, Inc.		239		20,262
Meritage Homes Corp.^*		522		19,596
First Cash Financial Services, Inc.		375		19,249
Chico's FAS, Inc.		1,780		19,064
DSW, Inc. — Class A		897		18,998
La-Z-Boy, Inc.		670		18,640
SkyWest, Inc.		685		18,125
Genesco, Inc.^*		280		18,007
Sonic Corp.		642		17,366
KB Home		1,138		17,309
Gentherm, Inc.^*		497		17,022
Krispy Kreme Doughnuts, Inc.^*		793		16,621
Abercrombie & Fitch Co. — Class A		929		16,545
Ascena Retail Group, Inc.^*		2,360		16,496
Popeyes Louisiana Kitchen, Inc.^*		295		16,119
Steelcase, Inc. — Class A		1,174		15,931
Knoll, Inc.		656		15,928
Fossil Group, Inc.^*		558		15,920
Cooper-Standard Holding, Inc.^*		201		15,877
Essendant, Inc.		508		15,524
Diamond Resorts International, Inc.^*		507		15,190
American Axle & Manufacturing Holdings, Inc.^*		1,046		15,146
Restoration Hardware Holdings, Inc.^*		528		15,142
Virgin America, Inc.^*		264		14,839
Express, Inc.^*		1,014		14,713
Asbury Automotive Group, Inc.^*		273		14,398
Penn National Gaming, Inc.^*		1,017		14,187
Caleres, Inc.		584		14,139
Group 1 Automotive, Inc.		284		14,018
Universal Electronics, Inc.^*		193		13,950
BJ's Restaurants, Inc.^*		318		13,938
Cash America International, Inc.		326		13,894
Select Comfort Corp.^*		632		13,512
Interface, Inc. — Class A		883		13,466
BMC Stock Holdings, Inc.^*		748		13,329
La Quinta Holdings, Inc.^*		1,157		13,190
MDC Holdings, Inc.		540		13,144
Cato Corp. — Class A		348		13,127
Callaway Golf Co.		1,285		13,119
SeaWorld Entertainment, Inc.		912		13,068
National CineMedia, Inc.		839		12,988
iRobot Corp.^*		366		12,839
ScanSource, Inc.^*		343		12,729
TiVo, Inc.^*		1,281		12,682
Guess?, Inc.		834		12,552
American Woodmark Corp.^*		189		12,546
International Speedway Corp. — Class A		359		12,009
Oxford Industries, Inc.		207		11,720
Standard Motor Products, Inc.		293		11,656
Finish Line, Inc. — Class A		570		11,508
ClubCorp Holdings, Inc.		874		11,362
Crocs, Inc.^*		1,005		11,336
Belmond Ltd. — Class A^*		1,141		11,296
Wabash National Corp.^*		880		11,176
Ethan Allen Interiors, Inc.		337		11,134
Denny's Corp.^*		1,034		11,095
Cavco Industries, Inc.^*		116		10,869
Hibbett Sports, Inc.^*		312		10,854
Bob Evans Farms, Inc.		271		10,284
Wesco Aircraft Holdings, Inc.^*		759		10,186
Buckle, Inc.		390		10,136
Vitamin Shoppe, Inc.^*		330		10,088
Installed Building Products, Inc.^*		274		9,943
Carmike Cinemas, Inc.^*		329		9,909
Barnes & Noble, Inc.		861		9,772
Outerwall, Inc.		232		9,744
Zoe's Kitchen, Inc.^*		261		9,466
Superior Industries International, Inc.		343		9,186
Tile Shop Holdings, Inc.^*		444		8,827
Red Robin Gourmet Burgers, Inc.^*		186		8,822
Red Rock Resorts, Inc. — Class A^*		401		8,813
Pinnacle Entertainment, Inc.^*		793		8,786
Rush Enterprises, Inc. — Class A^*		402		8,663
Meritor, Inc.^*		1,183		8,518
Tailored Brands, Inc.		667		8,444
Winnebago Industries, Inc.		366		8,389
H&E Equipment Services, Inc.		431		8,202
AMC Entertainment Holdings, Inc. — Class A		295		8,145
Fiesta Restaurant Group, Inc.^*		363		7,917
Navistar International Corp.^*		675		7,891
Douglas Dynamics, Inc.		302		7,770
Fred's, Inc. — Class A		482		7,765
Shake Shack, Inc. — Class A^*		212		7,723

Russell 2000^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 91.6% (continued)
Consumer, Cyclical - 11.2% (continued)
Chuy's Holdings, Inc.^*		223	$	7,718
Mattress Firm Holding Corp.^*		230		7,717
Nautilus, Inc.^*		418		7,457
Caesars Acquisition Co. — Class A^*		650		7,293
Ruth's Hospitality Group, Inc.		434		6,922
Ollie's Bargain Outlet Holdings, Inc.^*		274		6,820
Motorcar Parts of America, Inc.^*		250		6,795
LGI Homes, Inc.^*		211		6,739
Eros International plc^*		403		6,557
Sonic Automotive, Inc. — Class A		382		6,536
Scientific Games Corp. — Class A^*		708		6,507
Regis Corp.^*		507		6,312
DTS, Inc.^*		238		6,295
Isle of Capri Casinos, Inc.^*		341		6,247
Taylor Morrison Home Corp. — Class A^*		415		6,159
M/I Homes, Inc.^*		323		6,082
Francesca's Holdings Corp.^*		550		6,078
Eldorado Resorts, Inc.^*		391		5,941
Caesars Entertainment Corp.^*		770		5,921
Unifi, Inc.^*		214		5,827
Wingstop, Inc.^*		213		5,804
Tower International, Inc.		280		5,762
Kimball International, Inc. — Class B		504		5,736
MarineMax, Inc.^*		337		5,719
Pier 1 Imports, Inc.		1,104		5,675
Modine Manufacturing Co.^*		642		5,650
Biglari Holdings, Inc.^*		14		5,647
Carrols Restaurant Group, Inc.^*		468		5,569
Barnes & Noble Education, Inc.^*		546		5,542
Lumber Liquidators Holdings, Inc.^*		359		5,536
Marcus Corp.		254		5,359
SiteOne Landscape Supply, Inc.^*		156		5,302
Fox Factory Holding Corp.^*		305		5,298
William Lyon Homes — Class A^*		326		5,255
EZCORP, Inc. — Class A^*		691		5,224
Party City Holdco, Inc.^*		367		5,105
PetMed Express, Inc.		270		5,065
WCI Communities, Inc.^*		294		4,969
Shoe Carnival, Inc.		195		4,887
Haverty Furniture Companies, Inc.		268		4,832
Libbey, Inc.		299		4,751
Del Frisco's Restaurant Group, Inc.^*		323		4,625
Movado Group, Inc.		210		4,553
Tuesday Morning Corp.^*		612		4,296
Sequential Brands Group, Inc.^*		535		4,269
Veritiv Corp.^*		112		4,209
Potbelly Corp.^*		325		4,076
Culp, Inc.		147		4,062
Planet Fitness, Inc. — Class A^*		214		4,040
Iconix Brand Group, Inc.^*		584		3,948
Vera Bradley, Inc.^*		277		3,925
Titan International, Inc.		604		3,745
PC Connection, Inc.		155		3,689
Century Communities, Inc.^*		208		3,607
El Pollo Loco Holdings, Inc.^*		275		3,575
Flexsteel Industries, Inc.		89		3,526
Zumiez, Inc.^*		246		3,520
Federal-Mogul Holdings Corp.^*		419		3,482
Perry Ellis International, Inc.^*		171		3,441
Bassett Furniture Industries, Inc.		140		3,352
Hooker Furniture Corp.		155		3,331
Beazer Homes USA, Inc.^*		429		3,325
Stein Mart, Inc.		425		3,281
Duluth Holdings, Inc. — Class B^*		131		3,204
Monarch Casino & Resort, Inc.^*		145		3,186
Daktronics, Inc.		500		3,125
Winmark Corp.		31		3,090
Miller Industries, Inc.		150		3,089
America's Car-Mart, Inc.^*		108		3,050
Citi Trends, Inc.		196		3,044
Arctic Cat, Inc.		179		3,043
Habit Restaurants, Inc. — Class A^*		183		2,998
Malibu Boats, Inc. — Class A^*		246		2,972
NACCO Industries, Inc. — Class A		53		2,968
Kirkland's, Inc.^*		201		2,951
Ruby Tuesday, Inc.^*		810		2,924
Reading International, Inc. — Class A^*		229		2,860
Intrawest Resorts Holdings, Inc.^*		220		2,856
Freshpet, Inc.^*		305		2,846
Speedway Motorsports, Inc.		160		2,840
Sportsman's Warehouse Holdings, Inc.^*		351		2,829
Horizon Global Corp.^*		249		2,826
PICO Holdings, Inc.^*		298		2,819
Del Taco Restaurants, Inc.^*		309		2,812
Metaldyne Performance Group, Inc.		204		2,805
Hovnanian Enterprises, Inc. — Class A^*		1,662		2,792
Spartan Motors, Inc.		443		2,773
Titan Machinery, Inc.^*		242		2,698
Build-A-Bear Workshop, Inc. — Class A^*		185		2,483
Weyco Group, Inc.		89		2,472
Supreme Industries, Inc. — Class A		174		2,384
Green Brick Partners, Inc.^*		317		2,305
Bojangles', Inc.^*		134		2,271
Destination XL Group, Inc.^*		495		2,262
Big 5 Sporting Goods Corp.		242		2,243
Lifetime Brands, Inc.		151		2,203
Delta Apparel, Inc.^*		96		2,165
GMS, Inc.^*		96		2,136
West Marine, Inc.^*		251		2,106
Superior Uniform Group, Inc.		110		2,100
Conn's, Inc.^*		277		2,083

Russell 2000^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 91.6% (continued)
Consumer, Cyclical - 11.2% (continued)
Sears Holdings Corp.^*		151	$	2,055
AV Homes, Inc.^*		167		2,041
Strattec Security Corp.		47		1,916
Lindblad Expeditions Holdings, Inc.^*		197		1,897
Rush Enterprises, Inc. — Class B^*		88		1,830
Nathan's Famous, Inc.^*		41		1,825
J Alexander's Holdings, Inc.^*		182		1,807
Jamba, Inc.^*		174		1,790
Century Casinos, Inc.^*		285		1,776
Johnson Outdoors, Inc. — Class A		67		1,722
Stage Stores, Inc.		350		1,708
JAKKS Pacific, Inc.^*		209		1,653
New Home Company, Inc.^*		172		1,641
Golden Entertainment, Inc.		138		1,613
Vince Holding Corp.^*		294		1,611
Boot Barn Holdings, Inc.^*		182		1,569
Performance Sports Group Ltd.^*		521		1,563
Noodles & Co.^*		151		1,477
Escalade, Inc.		144		1,475
Flex Pharma, Inc.^*		144		1,470
Gaiam, Inc. — Class A^*		180		1,393
Red Lion Hotels Corp.^*		189		1,372
Systemax, Inc.^*		157		1,339
Luby's, Inc.^*		260		1,305
Marine Products Corp.		147		1,244
Kona Grill, Inc.^*		114		1,222
Unique Fabricating, Inc.		88		1,178
Container Store Group, Inc.^*		217		1,161
MCBC Holdings, Inc.		105		1,160
Workhorse Group, Inc.^*		153		1,048
Sears Hometown and Outlet Stores, Inc.^*		150		1,011
Tilly's, Inc. — Class A^*		159		921
Fogo De Chao, Inc.^*		68		888
Blue Bird Corp.^*		74		881
UCP, Inc. — Class A^*		108		866
Empire Resorts, Inc.^*		45		711
CompX International, Inc.		21		242
Total Consumer, Cyclical				2,723,438
Technology - 9.9%
Microsemi Corp.^*		1,554		50,784
MAXIMUS, Inc.		876		48,504
Fair Isaac Corp.		423		47,802
Advanced Micro Devices, Inc.^*		8,944		45,971
Aspen Technology, Inc.^*		1,128		45,390
Blackbaud, Inc.		644		43,728
Take-Two Interactive Software, Inc.^*		1,135		43,039
EPAM Systems, Inc.^*		658		42,316
j2 Global, Inc.		642		40,555
Demandware, Inc.^*		514		38,499
Qlik Technologies, Inc.^*		1,281		37,892
SYNNEX Corp.		399		37,833
Integrated Device Technology, Inc.^*		1,839		37,018
Monolithic Power Systems, Inc.		531		36,278
Medidata Solutions, Inc.^*		750		35,152
Proofpoint, Inc.^*		557		35,140
Science Applications International Corp.		577		33,668
Cirrus Logic, Inc.^*		855		33,165
MKS Instruments, Inc.		726		31,261
Fairchild Semiconductor International, Inc. — Class A^*		1,566		31,085
Mentor Graphics Corp.		1,462		31,082
ACI Worldwide, Inc.^*		1,574		30,709
Convergys Corp.		1,213		30,326
CACI International, Inc. — Class A^*		332		30,016
Cavium, Inc.^*		768		29,645
NetScout Systems, Inc.^*		1,310		29,148
Verint Systems, Inc.^*		847		28,061
Entegris, Inc.^*		1,929		27,913
Electronics for Imaging, Inc.^*		641		27,588
Silicon Laboratories, Inc.^*		563		27,441
Synaptics, Inc.^*		506		27,198
Cornerstone OnDemand, Inc.^*		687		26,147
Paycom Software, Inc.^*		598		25,840
Intersil Corp. — Class A		1,832		24,805
ExlService Holdings, Inc.^*		444		23,270
Acxiom Corp.^*		1,058		23,265
FleetMatics Group plc^*		535		23,182
CommVault Systems, Inc.^*		528		22,804
MicroStrategy, Inc. — Class A^*		130		22,753
Ambarella, Inc.^*		437		22,204
Semtech Corp.^*		882		21,045
Tessera Technologies, Inc.		672		20,590
Diebold, Inc.		815		20,236
Syntel, Inc.^*		440		19,914
3D Systems Corp.^*		1,430		19,577
Envestnet, Inc.^*		565		18,820
Progress Software Corp.^*		683		18,755
Power Integrations, Inc.		374		18,726
Synchronoss Technologies, Inc.^*		563		17,937
Rambus, Inc.^*		1,483		17,915
CSG Systems International, Inc.		437		17,615
Inphi Corp.^*		548		17,552
Rovi Corp.^*		1,104		17,267
HubSpot, Inc.^*		392		17,021
QLogic Corp.^*		1,145		16,877
Imperva, Inc.^*		391		16,817
Omnicell, Inc.^*		485		16,602
Ebix, Inc.		344		16,478
RealPage, Inc.^*		737		16,457
BroadSoft, Inc.^*		401		16,453
Cray, Inc.^*		549		16,426
Lumentum Holdings, Inc.^*		674		16,310
Stratasys Ltd.^*		669		15,313
Sykes Enterprises, Inc.^*		528		15,291
Callidus Software, Inc.^*		759		15,165
Cvent, Inc.^*		411		14,681
2U, Inc.^*		499		14,676
MaxLinear, Inc. — Class A^*		762		13,701
SPS Commerce, Inc.^*		226		13,696
Globant S.A.^*		348		13,694

Russell 2000^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 91.6% (continued)
Technology - 9.9% (continued)
Monotype Imaging Holdings, Inc.		553	$	13,620
Cabot Microelectronics Corp.		321		13,591
Pegasystems, Inc.		492		13,259
Mercury Systems, Inc.^*		531		13,200
Super Micro Computer, Inc.^*		527		13,096
Insight Enterprises, Inc.^*		500		13,000
ManTech International Corp. — Class A		337		12,745
Press Ganey Holdings, Inc.^*		300		11,805
Bottomline Technologies de, Inc.^*		548		11,798
inContact, Inc.^*		801		11,094
Qualys, Inc.^*		371		11,060
Virtusa Corp.^*		377		10,888
MACOM Technology Solutions Holdings, Inc.^*		318		10,488
Brooks Automation, Inc.		927		10,401
Interactive Intelligence Group, Inc.^*		245		10,043
Diodes, Inc.^*		520		9,771
Pure Storage, Inc. — Class A^*		824		8,982
Veeco Instruments, Inc.^*		542		8,976
MTS Systems Corp.		202		8,856
Lattice Semiconductor Corp.^*		1,636		8,753
New Relic, Inc.^*		295		8,667
FormFactor, Inc.^*		939		8,439
Quality Systems, Inc.		697		8,301
Xura, Inc.^*		325		7,940
Photronics, Inc.^*		890		7,930
Amkor Technology, Inc.^*		1,366		7,855
CEVA, Inc.^*		269		7,309
Nimble Storage, Inc.^*		859		6,838
InvenSense, Inc. — Class A^*		1,115		6,835
Ultratech, Inc.^*		295		6,776
Nanometrics, Inc.^*		323		6,715
Benefitfocus, Inc.^*		175		6,671
Applied Micro Circuits Corp.^*		1,035		6,645
SciQuest, Inc.^*		372		6,570
Rudolph Technologies, Inc.^*		408		6,336
Silver Spring Networks, Inc.^*		517		6,282
Computer Programs & Systems, Inc.		153		6,108
TeleTech Holdings, Inc.		224		6,077
PROS Holdings, Inc.^*		344		5,996
Hortonworks, Inc.^*		541		5,783
Five9, Inc.^*		449		5,343
Engility Holdings, Inc.^*		246		5,195
PDF Solutions, Inc.^*		369		5,162
Unisys Corp.^*		685		4,987
KEYW Holding Corp.^*		489		4,861
Epiq Systems, Inc.		319		4,657
LivePerson, Inc.^*		727		4,609
Barracuda Networks, Inc.^*		297		4,497
Exar Corp.^*		557		4,484
Actua Corp.^*		491		4,434
InnerWorkings, Inc.^*		524		4,333
Vocera Communications, Inc.^*		337		4,330
Axcelis Technologies, Inc.^*		1,590		4,277
Xcerra Corp.^*		722		4,152
Model N, Inc.^*		303		4,045
Workiva, Inc.^*		295		4,030
Evolent Health, Inc. — Class A^*		208		3,994
Xactly Corp.^*		308		3,945
Cohu, Inc.		360		3,906
Sapiens International Corporation N.V.		331		3,876
Digi International, Inc.^*		353		3,788
Eastman Kodak Co.^*		232		3,731
American Software, Inc. — Class A		352		3,689
Digimarc Corp.^*		114		3,643
Brightcove, Inc.^*		409		3,599
TubeMogul, Inc.^*		300		3,570
IXYS Corp.		343		3,516
Varonis Systems, Inc.^*		146		3,507
Alpha & Omega Semiconductor Ltd.^*		248		3,455
MINDBODY, Inc. — Class A^*		195		3,147
Sigma Designs, Inc.^*		489		3,144
DSP Group, Inc.^*		294		3,119
Glu Mobile, Inc.^*		1,404		3,089
Everyday Health, Inc.^*		386		3,042
Jive Software, Inc.^*		786		2,955
Tangoe, Inc.^*		377		2,910
Immersion Corp.^*		395		2,899
pdvWireless, Inc.^*		133		2,845
Mitek Systems, Inc.^*		392		2,787
Instructure, Inc.^*		142		2,698
Exa Corp.^*		185		2,673
Avid Technology, Inc.^*		439		2,551
Apigee Corp.^*		208		2,542
Planet Payment, Inc.^*		564		2,532
Ultra Clean Holdings, Inc.^*		438		2,492
Silicon Graphics International Corp.^*		494		2,485
QAD, Inc. — Class A		128		2,467
Carbonite, Inc.^*		242		2,355
Maxwell Technologies, Inc.^*		420		2,218
Castlight Health, Inc. — Class B^*		550		2,178
Agilysys, Inc.^*		207		2,167
Radisys Corp.^*		475		2,128
EMCORE Corp.^*		356		2,115
Datalink Corp.^*		275		2,063
USA Technologies, Inc.^*		477		2,038
Rosetta Stone, Inc.^*		258		2,000
MobileIron, Inc.^*		634		1,934
Guidance Software, Inc.^*		307		1,900
Kopin Corp.^*		841		1,867
Amber Road, Inc.^*		242		1,866
Park City Group, Inc.^*		176		1,579
ExOne Co.^*		149		1,575
Appfolio, Inc. — Class A^*		104		1,504
GigPeak, Inc.^*		619		1,213
SecureWorks Corp. — Class A^*		81		1,142
NCI, Inc. — Class A		81		1,138
IDI, Inc.^*		203		960
Majesco^*		79		419
Total Technology				2,413,934

Russell 2000^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 91.6% (continued)
Communications - 6.0%
ViaSat, Inc.^*		606	$	43,267
Ciena Corp.^*		1,873		35,118
GrubHub, Inc.^*		1,102		34,238
WebMD Health Corp. — Class A^*		509		29,578
Zendesk, Inc.^*		1,102		29,071
Sinclair Broadcast Group, Inc. — Class A		902		26,933
Meredith Corp.		512		26,577
Houghton Mifflin Harcourt Co.^*		1,692		26,446
InterDigital, Inc.		473		26,336
Finisar Corp.^*		1,467		25,687
Media General, Inc.^*		1,488		25,578
Shenandoah Telecommunications Co.		631		24,647
Time, Inc.		1,402		23,077
Cogent Communications Holdings, Inc.		567		22,715
Shutterfly, Inc.^*		471		21,954
LogMeIn, Inc.^*		343		21,756
Gannett Company, Inc.		1,567		21,640
Infinera Corp.^*		1,917		21,624
NETGEAR, Inc.^*		442		21,013
Polycom, Inc.^*		1,857		20,891
Viavi Solutions, Inc.^*		3,125		20,719
New York Times Co. — Class A		1,698		20,546
Plantronics, Inc.		453		19,932
Marketo, Inc.^*		567		19,743
Nexstar Broadcasting Group, Inc. — Class A		407		19,364
Stamps.com, Inc.^*		221		19,320
NIC, Inc.		866		19,000
Consolidated Communications Holdings, Inc.		678		18,468
DigitalGlobe, Inc.^*		861		18,417
8x8, Inc.^*		1,204		17,590
NeuStar, Inc. — Class A^*		739		17,374
Wayfair, Inc. — Class A^*		428		16,692
Gigamon, Inc.^*		443		16,565
Vonage Holdings Corp.^*		2,606		15,897
RingCentral, Inc. — Class A^*		799		15,756
comScore, Inc.^*		651		15,546
Scholastic Corp.		369		14,616
Infoblox, Inc.^*		769		14,426
Ubiquiti Networks, Inc.^*		354		13,686
Etsy, Inc.^*		1,406		13,484
Cincinnati Bell, Inc.^*		2,870		13,116
EW Scripps Co. — Class A^*		812		12,862
MDC Partners, Inc. — Class A		698		12,767
ADTRAN, Inc.		670		12,496
MSG Networks, Inc. — Class A^*		793		12,165
Windstream Holdings, Inc.		1,310		12,144
Shutterstock, Inc.^*		259		11,862
Quotient Technology, Inc.^*		874		11,720
Liberty Media Group — Class C^*		616		11,685
West Corp.		589		11,580
ATN International, Inc.		144		11,205
AVG Technologies N.V.^*		574		10,900
Web.com Group, Inc.^*		580		10,544
Iridium Communications, Inc.^*		1,125		9,990
Q2 Holdings, Inc.^*		349		9,779
Perficient, Inc.^*		481		9,769
New Media Investment Group, Inc.		530		9,577
Gray Television, Inc.^*		875		9,494
HealthStream, Inc.^*		351		9,309
EarthLink Holdings Corp.		1,433		9,171
World Wrestling Entertainment, Inc. — Class A		493		9,076
Inteliquent, Inc.		445		8,851
ORBCOMM, Inc.^*		882		8,776
Ixia^*		875		8,593
Endurance International Group Holdings, Inc.^*		818		7,354
CalAmp Corp.^*		488		7,227
ePlus, Inc.^*		86		7,034
Rubicon Project, Inc.^*		506		6,907
Box, Inc. — Class A^*		655		6,773
VASCO Data Security International, Inc.^*		411		6,736
GTT Communications, Inc.^*		360		6,653
Oclaro, Inc.^*		1,346		6,568
Gogo, Inc.^*		768		6,444
General Communication, Inc. — Class A^*		395		6,241
Loral Space & Communications, Inc.^*		176		6,208
Liberty Braves Group — Class C^*		420		6,157
Globalstar, Inc.^*		5,088		6,156
ShoreTel, Inc.^*		918		6,141
XO Group, Inc.^*		347		6,048
Entravision Communications Corp. — Class A		887		5,961
FTD Companies, Inc.^*		238		5,940
Liberty Media Group — Class A^*		305		5,838
TrueCar, Inc.^*		741		5,817
Sonus Networks, Inc.^*		651		5,657
Blucora, Inc.^*		535		5,543
Chegg, Inc.^*		1,098		5,490
Spok Holdings, Inc.		279		5,347
tronc, Inc.^*		364		5,023
Bankrate, Inc.^*		647		4,840
Entercom Communications Corp. — Class A		354		4,804
Extreme Networks, Inc.^*		1,410		4,780
ChannelAdvisor Corp.^*		317		4,593
Bazaarvoice, Inc.^*		1,117		4,479
Boingo Wireless, Inc.^*		486		4,335
DHI Group, Inc.^*		684		4,261
FairPoint Communications, Inc.^*		290		4,257
Global Eagle Entertainment, Inc.^*		638		4,236
Blue Nile, Inc.		151		4,134
RetailMeNot, Inc.^*		526		4,055
NeoPhotonics Corp.^*		420		4,003
Calix, Inc.^*		563		3,890
A10 Networks, Inc.^*		600		3,882
Intralinks Holdings, Inc.^*		564		3,666
Straight Path Communications, Inc. — Class B^*		131		3,625
Daily Journal Corp.^*		15		3,555

Russell 2000^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 91.6% (continued)
Communications - 6.0% (continued)
Angie's List, Inc.^*		542	$	3,528
Rapid7, Inc.^*		269		3,384
IDT Corp. — Class B		237		3,363
Lands' End, Inc.^*		204		3,350
1-800-Flowers.com, Inc. — Class A^*		355		3,202
Lumos Networks Corp.^*		258		3,122
Lionbridge Technologies, Inc.^*		778		3,073
Harmonic, Inc.^*		1,043		2,973
Reis, Inc.		119		2,963
MeetMe, Inc.^*		550		2,932
Overstock.com, Inc.^*		180		2,900
Acacia Communications, Inc.^*		70		2,796
Clearfield, Inc.^*		156		2,791
Comtech Telecommunications Corp.		213		2,735
Zix Corp.^*		726		2,723
Black Box Corp.		205		2,681
Liquidity Services, Inc.^*		340		2,666
VirnetX Holding Corp.^*		660		2,640
RigNet, Inc.^*		172		2,303
Telenav, Inc.^*		444		2,264
NII Holdings, Inc.^*		712		2,264
Silicom Ltd.		75		2,243
Central European Media Enterprises Ltd. — Class A^*		1,043		2,201
Aerohive Networks, Inc.^*		327		2,165
TechTarget, Inc.^*		255		2,066
United Online, Inc.^*		183		2,013
Saga Communications, Inc. — Class A		50		1,977
HC2 Holdings, Inc.^*		455		1,957
Liberty Braves Group — Class A^*		122		1,835
QuinStreet, Inc.^*		499		1,771
Hawaiian Telcom Holdco, Inc.^*		82		1,738
Rightside Group Ltd.^*		155		1,649
Autobytel, Inc.^*		116		1,609
KVH Industries, Inc.^*		206		1,586
Marchex, Inc. — Class B^*		456		1,450
Limelight Networks, Inc.^*		968		1,442
Numerex Corp. — Class A^*		185		1,386
RealNetworks, Inc.^*		320		1,379
Preformed Line Products Co.		34		1,373
Salem Media Group, Inc. — Class A		148		1,069
Corindus Vascular Robotics, Inc.^*		741		1,060
Radio One, Inc. — Class D^*		330		1,053
Hemisphere Media Group, Inc.^*		89		1,050
Intelsat S.A.^*		397		1,024
Global Sources Ltd.^*		110		1,009
Townsquare Media, Inc. — Class A^*		117		923
Value Line, Inc.		16		262
Total Communications				1,453,319
Utilities - 3.8%
IDACORP, Inc.		690		56,131
Portland General Electric Co.		1,221		53,870
Southwest Gas Corp.		646		50,848
WGL Holdings, Inc.		689		48,775
ONE Gas, Inc.		711		47,345
New Jersey Resources Corp.		1,171		45,142
Black Hills Corp.		704		44,380
ALLETE, Inc.		677		43,755
Spire, Inc.		610		43,212
NorthWestern Corp.		664		41,878
Avista Corp.		864		38,707
PNM Resources, Inc.		1,091		38,665
South Jersey Industries, Inc.		1,090		34,466
Dynegy, Inc.^*		1,594		27,480
MGE Energy, Inc.		477		26,958
El Paso Electric Co.		551		26,046
Northwest Natural Gas Co.		371		24,048
Ormat Technologies, Inc.		531		23,237
California Water Service Group		656		22,913
American States Water Co.		498		21,822
Empire District Electric Co.		602		20,450
Otter Tail Corp.		518		17,348
Talen Energy Corp.^*		1,150		15,583
Atlantica Yield plc		803		14,920
NRG Yield, Inc. — Class C		866		13,501
Chesapeake Utilities Corp.		200		13,236
Middlesex Water Co.		216		9,370
SJW Corp.		223		8,782
Connecticut Water Service, Inc.		148		8,318
Unitil Corp.		190		8,107
NRG Yield, Inc. — Class A		477		7,260
York Water Co.		175		5,607
Atlantic Power Corp.		1,663		4,124
Artesian Resources Corp. — Class A		106		3,596
Consolidated Water Company Ltd.		198		2,586
Delta Natural Gas Company, Inc.		92		2,478
EnerNOC, Inc.^*		365		2,307
Spark Energy, Inc. — Class A		66		2,181
Ameresco, Inc. — Class A^*		290		1,267
Genie Energy Ltd. — Class B^*		176		1,192
Global Water Resources, Inc.		111		977
Total Utilities				922,868
Basic Materials - 3.6%
Olin Corp.		2,460		56,146
Sensient Technologies Corp.		607		43,121
PolyOne Corp.		1,145		40,350
Axiall Corp.		968		31,566
US Silica Holdings, Inc.		873		30,092
HB Fuller Co.		684		30,089
Minerals Technologies, Inc.		473		26,866
Hecla Mining Co.		5,206		26,551
Commercial Metals Co.		1,567		26,481
Worthington Industries, Inc.		614		25,972
Balchem Corp.		429		25,590
GCP Applied Technologies, Inc.^*		945		24,608
Chemtura Corp.^*		869		22,924
Coeur Mining, Inc.^*		2,084		22,215
Kaiser Aluminum Corp.		242		21,880
Carpenter Technology Corp.		631		20,779
Chemours Co.		2,441		20,114
Stillwater Mining Co.^*		1,668		19,782

Russell 2000^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 91.6% (continued)
Basic Materials - 3.6% (continued)
Ingevity Corp.^*		568	$	19,335
Allegheny Technologies, Inc.		1,447		18,449
Neenah Paper, Inc.		226		16,356
Stepan Co.		268		15,954
Quaker Chemical Corp.		176		15,699
Ferro Corp.^*		1,135		15,186
Clearwater Paper Corp.^*		231		15,100
AK Steel Holding Corp.^*		3,236		15,080
Innospec, Inc.		322		14,809
Schweitzer-Mauduit International, Inc.		413		14,571
Cliffs Natural Resources, Inc.^*		2,397		13,591
PH Glatfelter Co.		593		11,599
Kraton Performance Polymers, Inc.^*		404		11,284
Innophos Holdings, Inc.		264		11,143
Univar, Inc.^*		586		11,082
Deltic Timber Corp.		145		9,734
A. Schulman, Inc.		392		9,573
Calgon Carbon Corp.		687		9,034
Aceto Corp.		397		8,690
Koppers Holdings, Inc.^*		277		8,512
Rayonier Advanced Materials, Inc.		587		7,977
Ferroglobe plc		892		7,680
Fairmount Santrol Holdings, Inc.^*		898		6,924
Materion Corp.		271		6,710
CSW Industrials, Inc.^*		193		6,294
Schnitzer Steel Industries, Inc. — Class A		356		6,266
American Vanguard Corp.		385		5,817
Hawkins, Inc.		131		5,687
Orchids Paper Products Co.		123		4,375
Century Aluminum Co.^*		680		4,304
OMNOVA Solutions, Inc.^*		579		4,198
Landec Corp.^*		365		3,927
Tronox Ltd. — Class A		880		3,881
KMG Chemicals, Inc.		123		3,197
Ryerson Holding Corp.^*		149		2,608
Gold Resource Corp.		666		2,391
Oil-Dri Corporation of America		68		2,348
Codexis, Inc.^*		446		1,797
United States Lime & Minerals, Inc.		27		1,593
Kronos Worldwide, Inc.		300		1,575
AgroFresh Solutions, Inc.^*		294		1,561
ALJ Regional Holdings, Inc.^*		247		1,235
Valhi, Inc.		342		537
Total Basic Materials				872,789
Energy - 2.7%
RSP Permian, Inc.^*		1,073		37,436
PDC Energy, Inc.^*		629		36,236
Carrizo Oil & Gas, Inc.^*		761		27,282
NOW, Inc.^*		1,426		25,868
Oil States International, Inc.^*		698		22,950
Oasis Petroleum, Inc.^*		2,428		22,678
Matador Resources Co.^*		1,133		22,433
SemGroup Corp. — Class A		604		19,666
Western Refining, Inc.		927		19,123
Callon Petroleum Co.^*		1,654		18,574
MRC Global, Inc.^*		1,279		18,175
Pattern Energy Group, Inc.		787		18,076
Synergy Resources Corp.^*		2,536		16,890
Denbury Resources, Inc.		4,685		16,819
Seadrill Ltd.^*		5,036		16,318
McDermott International, Inc.^*		3,298		16,292
Forum Energy Technologies, Inc.^*		819		14,177
TerraForm Power, Inc. — Class A^*		1,165		12,699
SEACOR Holdings, Inc.^*		217		12,575
Delek US Holdings, Inc.		841		11,109
Unit Corp.^*		690		10,736
Atwood Oceanics, Inc.		831		10,404
Green Plains, Inc.		494		9,742
Flotek Industries, Inc.^*		710		9,372
Helix Energy Solutions Group, Inc.^*		1,373		9,281
Archrock, Inc.		949		8,940
Thermon Group Holdings, Inc.^*		436		8,375
Cobalt International Energy, Inc.^*		5,435		7,283
TETRA Technologies, Inc.^*		1,077		6,860
Newpark Resources, Inc.^*		1,131		6,548
Matrix Service Co.^*		363		5,986
Par Pacific Holdings, Inc.^*		378		5,799
Exterran Corp.^*		432		5,551
Sanchez Energy Corp.^*		762		5,380
Bristow Group, Inc.		458		5,226
Renewable Energy Group, Inc.^*		590		5,210
spx Resources Corp.^*		423		5,161
SunCoke Energy, Inc.		879		5,116
Sunrun, Inc.^*		850		5,041
REX American Resources Corp.^*		77		4,607
Plug Power, Inc.^*		2,463		4,581
Ring Energy, Inc.^*		488		4,304
Bill Barrett Corp.^*		669		4,275
Clean Energy Fuels Corp.^*		1,195		4,147
TerraForm Global, Inc. — Class A		1,233		4,020
Pioneer Energy Services Corp.^*		870		4,002
Natural Gas Services Group, Inc.^*		168		3,847
Parker Drilling Co.^*		1,648		3,774
FutureFuel Corp.		340		3,699
Tesco Corp.		534		3,572
Panhandle Oil and Gas, Inc. — Class A		209		3,484
CARBO Ceramics, Inc.		265		3,472
CVR Energy, Inc.		212		3,286
Contango Oil & Gas Co.^*		243		2,974
Northern Oil and Gas, Inc.^*		637		2,943
Geospace Technologies Corp.^*		178		2,914
PHI, Inc.^*		160		2,861
Trecora Resources^*		271		2,827
Alon USA Energy, Inc.		430		2,786
EP Energy Corp. — Class A^*		516		2,673
Era Group, Inc.^*		267		2,510
EXCO Resources, Inc.^*		1,910		2,483

Russell 2000^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 91.6% (continued)
Energy - 2.7% (continued)
Westmoreland Coal Co.^*		251	$	2,390
Clayton Williams Energy, Inc.^*		81		2,224
Eclipse Resources Corp.^*		665		2,221
Independence Contract Drilling, Inc.^*		408		2,215
Dawson Geophysical Co.^*		269		2,192
Pacific Ethanol, Inc.^*		391		2,131
FuelCell Energy, Inc.^*		339		2,109
Abraxas Petroleum Corp.^*		1,684		1,903
Evolution Petroleum Corp.		333		1,822
Jones Energy, Inc. — Class A^*		420		1,730
Willbros Group, Inc.^*		577		1,460
W&T Offshore, Inc.^*		485		1,125
Adams Resources & Energy, Inc.		29		1,117
Vivint Solar, Inc.^*		310		952
Isramco, Inc.^*		10		823
Erin Energy Corp.^*		197		475
Earthstone Energy, Inc.^*		23		248
Total Energy				648,565
Diversified - 0.1%
HRG Group, Inc.^*		1,611		22,119
Resource America, Inc. — Class A		160		1,555
Wins Finance Holdings, Inc.^*		18		279
Total Diversified				23,953
Government - 0.0%
Banco Latinoamericano de Comercio Exterior S.A. — Class E		413		10,945
Total Common Stocks
(Cost $21,719,782)				22,248,807

WARRANTS^†† - 0.0%
Tejon Ranch Co.
$10.50, 08/31/16^†		29		–
Total Warrants
(Cost $150)				–

RIGHTS^††† - 0.0%
Omthera Pharmaceuticals, Inc.
Expires 12/31/20		86		–
Leap Wireless International, Inc.
Expires 03/06/17		1,211		–
Dyax Corp.
Expires 01/25/17		757		–
Total Rights
(Cost $1,618)				–

	Face Amount
REPURCHASE AGREEMENTS^††,1 - 26.1%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	3,233,094		3,233,094
Royal Bank of Canada issued 06/30/16 at 0.33% due 07/01/16		2,748,679		2,748,679
UMB Financial Corp. issued 06/30/16 at 0.26% due 07/01/16²		366,627		366,627
Total Repurchase Agreements
(Cost $6,348,400)				6,348,400
Total Investments - 117.7%
(Cost $28,069,950)			$	28,597,207
Other Assets & Liabilities, net - (17.7)%				(4,310,765	)
Total Net Assets - 100.0%			$	24,286,442

	Units		Unrealized Gain
OTC EQUITY INDEX SWAP AGREEMENTS^††
Credit Suisse Capital, LLC July 2016 Russell 2000 Index Swap 0.45%³, Terminating 07/26/16 (Notional Value $845,945)		734	$	46,326
Goldman Sachs International July 2016 Russell 2000 Index Swap 0.44%³, Terminating 07/27/16 (Notional Value $439,666)		382		25,465
Barclays Bank plc July 2016 Russell 2000 Index Swap 0.44%³, Terminating 07/29/16 (Notional Value $678,445)		589		12,100
(Total Notional Value $1,964,056)			$	83,891

*	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	Repurchase Agreements — See Note 4.
²	All or a portion of this security is pledged as equity index swap collateral at June 30, 2016.
³	Total Return based on Russell 2000 Index +/- financing at a variable rate. Rate indicated is the rate effective at June 30, 2016.
	plc — Public Limited Company REIT — Real Estate Investment Trust

See Sector Classification in Other Information section.

Russell 2000^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 2		Level 2 - Other*		Level 3		Total
Common Stocks	$	22,248,807	$	—	$	—	$	—	$	22,248,807
Equity Index Swap Agreements		—		—		83,891		—		83,891
Repurchase Agreements		—		6,348,400		—		—		6,348,400
Rights		—		—		—		—		—
Warrants		—		—		—		—		—
Total	$	22,248,807	$	6,348,400	$	83,891	$	—	$	28,681,098

* Other financial instruments include swaps, which are reported as unrealized gain/loss at period end.

For the period ended June 30, 2016, there were no transfers between levels.

S&P 500^® Pure Growth Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 99.6%
Consumer, Non-cyclical - 26.5%
Centene Corp.^*		30,000	$	2,141,100
Constellation Brands, Inc. — Class A		11,705		1,936,007
Aetna, Inc.		9,985		1,219,468
Total System Services, Inc.		21,807		1,158,170
Mondelez International, Inc. — Class A		24,473		1,113,766
Global Payments, Inc.		15,000		1,070,700
Equifax, Inc.		8,200		1,052,880
S&P Global, Inc.		9,790		1,050,075
Hologic, Inc.^*		30,200		1,044,919
Edwards Lifesciences Corp.^*		10,220		1,019,241
Gilead Sciences, Inc.		11,982		999,539
Cigna Corp.		7,800		998,322
Boston Scientific Corp.^*		42,637		996,427
Reynolds American, Inc.		17,057		919,884
Regeneron Pharmaceuticals, Inc.^*		2,624		916,380
Monster Beverage Corp.^*		5,696		915,404
Avery Dennison Corp.		10,997		822,026
AmerisourceBergen Corp. — Class A		10,070		798,752
Celgene Corp.^*		7,210		711,122
Verisk Analytics, Inc. — Class A^*		8,590		696,477
Biogen, Inc.^*		2,803		677,821
Hormel Foods Corp.		18,088		662,021
Laboratory Corporation of America Holdings^*		5,050		657,864
Cintas Corp.		5,930		581,911
Illumina, Inc.^*		3,951		554,641
Moody's Corp.		5,503		515,686
CR Bard, Inc.		2,130		500,891
Alexion Pharmaceuticals, Inc.^*		4,163		486,072
Becton Dickinson and Co.		2,500		423,975
Dr Pepper Snapple Group, Inc.		4,200		405,846
Allergan plc^*		1,232		284,703
Total Consumer, Non-cyclical				27,332,090
Consumer, Cyclical - 19.1%
Ulta Salon Cosmetics & Fragrance, Inc.^*		6,800		1,656,751
O'Reilly Automotive, Inc.^*		5,001		1,355,770
DR Horton, Inc.		42,500		1,337,900
Dollar Tree, Inc.^*		13,770		1,297,685
Starbucks Corp.		19,300		1,102,416
Lennar Corp. — Class A		21,745		1,002,445
AutoZone, Inc.^*		1,250		992,300
Home Depot, Inc.		7,150		912,983
LKQ Corp.^*		26,000		824,200
Advance Auto Parts, Inc.		5,075		820,272
Lowe's Companies, Inc.		10,150		803,576
Alaska Air Group, Inc.		13,000		757,770
NIKE, Inc. — Class B		13,200		728,640
Mohawk Industries, Inc.^*		3,500		664,160
Tractor Supply Co.		7,100		647,378
Under Armour, Inc. — Class A^*		14,890		597,536
Ross Stores, Inc.		10,150		575,404
Signet Jewelers Ltd.		6,900		568,629
Under Armour, Inc. — Class C^*		14,804		538,848
Southwest Airlines Co.		13,442		527,061
Chipotle Mexican Grill, Inc. — Class A^*		1,110		447,064
TJX Companies, Inc.		5,300		409,319
Newell Brands, Inc.		8,080		392,446
Hanesbrands, Inc.		13,100		329,203
Delphi Automotive plc		5,000		313,000
Total Consumer, Cyclical				19,602,756
Technology - 18.4%
Electronic Arts, Inc.^*		23,687		1,794,527
Broadcom Ltd.		11,265		1,750,582
Activision Blizzard, Inc.		38,902		1,541,686
salesforce.com, Inc.^*		19,190		1,523,878
NVIDIA Corp.		30,683		1,442,408
Skyworks Solutions, Inc.		17,112		1,082,847
Red Hat, Inc.^*		14,089		1,022,861
Fiserv, Inc.^*		9,386		1,020,539
Cognizant Technology Solutions Corp. — Class A^*		17,766		1,016,926
Lam Research Corp.		12,042		1,012,250
Citrix Systems, Inc.^*		9,808		785,523
Applied Materials, Inc.		30,080		721,018
Qorvo, Inc.^*		12,144		671,077
Microchip Technology, Inc.		12,991		659,423
Apple, Inc.		6,485		619,966
Akamai Technologies, Inc.^*		9,573		535,418
Cerner Corp.^*		8,598		503,843
Accenture plc — Class A		3,800		430,502
Paychex, Inc.		7,179		427,151
Microsoft Corp.		7,700		394,009
Total Technology				18,956,434
Financial - 12.7%
Extra Space Storage, Inc.		13,000		1,203,020
XL Group plc — Class A		34,800		1,159,188
Equity Residential		14,105		971,553
Prologis, Inc.		17,936		879,581
Visa, Inc. — Class A		11,682		866,455
Intercontinental Exchange, Inc.		3,240		829,310
Kimco Realty Corp.		25,547		801,665
Equinix, Inc.		1,976		766,155
Public Storage		2,900		741,211
CBRE Group, Inc. — Class A^*		25,127		665,363
UDR, Inc.		16,921		624,723
MasterCard, Inc. — Class A		7,006		616,948
ETRADE Financial Corp.^		25,804		606,136
Crown Castle International Corp.		5,500		557,865
American Tower Corp. — Class A		4,894		556,007
AvalonBay Communities, Inc.		3,071		553,978
Charles Schwab Corp.		16,714		423,031
Alliance Data Systems Corp.^*		1,332		260,965
Total Financial				13,083,154
Communications - 11.7%
Facebook, Inc. — Class A^*		17,017		1,944,703
Amazon.com, Inc.^*		2,200		1,574,363
VeriSign, Inc.^*		15,805		1,366,500
Expedia, Inc.		12,089		1,285,060
Netflix, Inc.^*		11,749		1,074,799
TripAdvisor, Inc.^*		13,830		889,269
Priceline Group, Inc.^*		631		787,747

S&P 500^® Pure Growth Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 99.6% (continued)
Communications - 11.7% (continued)
eBay, Inc.^*		28,358	$	663,861
Walt Disney Co.		5,600		547,792
Alphabet, Inc. — Class A^*		702		493,878
Alphabet, Inc. — Class C^*		687		475,473
Juniper Networks, Inc.		19,846		446,337
Discovery Communications, Inc. — Class C^*		11,600		276,660
Discovery Communications, Inc. — Class A^*		6,570		165,761
Total Communications				11,992,203
Industrial - 10.0%
Vulcan Materials Co.		10,197		1,227,311
PerkinElmer, Inc.		23,071		1,209,382
Fortune Brands Home & Security, Inc.		17,800		1,031,866
Masco Corp.		33,200		1,027,208
Martin Marietta Materials, Inc.		4,960		952,320
Acuity Brands, Inc.		3,700		917,452
TransDigm Group, Inc.^*		3,200		843,808
Northrop Grumman Corp.		3,600		800,208
Stanley Black & Decker, Inc.		4,900		544,978
Amphenol Corp. — Class A		8,300		475,839
Snap-on, Inc.		2,940		463,991
Roper Technologies, Inc.		2,400		409,344
Boeing Co.		2,600		337,662
Total Industrial				10,241,369
Energy - 0.7%
Pioneer Natural Resources Co.		4,901		741,080
Basic Materials - 0.5%
Sherwin-Williams Co.		1,650		484,556
Total Common Stocks
(Cost $81,591,754)				102,433,642

	Face Amount
REPURCHASE AGREEMENTS^††,1 - 0.6%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	341,360		341,360
Royal Bank of Canada issued 06/30/16 at 0.33% due 07/01/16		290,214		290,214
Total Repurchase Agreements
(Cost $631,574)				631,574
Total Investments - 100.2%
(Cost $82,223,328)			$	103,065,216
Other Assets & Liabilities, net - (0.2)%				(210,421	)
Total Net Assets - 100.0%			$	102,854,795

*	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 Agreements — See Note 4.
	plc — Public Limited Company

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 2		Level 3		Total
Common Stocks	$	102,433,642	$	—	$	—	$	102,433,642
Repurchase Agreements		—		631,574		—		631,574
Total	$	102,433,642	$	631,574	$	—	$	103,065,216

For the period ended June 30, 2016, there were no transfers between levels.

S&P 500^® Pure Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 99.6%
Financial - 24.0%
Loews Corp.		21,495	$	883,229
Prudential Financial, Inc.		11,923		850,587
MetLife, Inc.		19,760		787,041
Allstate Corp.		10,610		742,169
Hartford Financial Services Group, Inc.		15,262		677,328
American International Group, Inc.		11,658		616,592
Unum Group		18,798		597,588
Regions Financial Corp.		68,400		582,083
Lincoln National Corp.		14,786		573,253
Citigroup, Inc.		13,067		553,910
Bank of America Corp.		40,579		538,483
Capital One Financial Corp.		8,447		536,469
Navient Corp.		41,520		496,164
SunTrust Banks, Inc.		12,047		494,890
Zions Bancorporation		17,212		432,538
Travelers Companies, Inc.		3,539		421,283
Chubb Ltd.		3,167		413,959
JPMorgan Chase & Co.		6,647		413,045
KeyCorp		37,313		412,309
Comerica, Inc.		9,723		399,907
Berkshire Hathaway, Inc. — Class B^*		2,704		391,512
Aflac, Inc.		5,419		391,035
Fifth Third Bancorp		21,047		370,217
Goldman Sachs Group, Inc.		2,432		361,347
Legg Mason, Inc.		11,840		349,162
People's United Financial, Inc.		22,193		325,349
BB&T Corp.		8,991		320,170
PNC Financial Services Group, Inc.		3,932		320,025
Principal Financial Group, Inc.		7,731		317,821
Bank of New York Mellon Corp.		5,445		211,538
Total Financial				14,781,003
Utilities - 16.5%
NRG Energy, Inc.		121,449		1,820,521
Exelon Corp.		31,296		1,137,923
AES Corp.		82,817		1,033,556
FirstEnergy Corp.		19,493		680,501
NiSource, Inc.		21,919		581,292
Duke Energy Corp.		5,419		464,896
Consolidated Edison, Inc.		5,543		445,879
Entergy Corp.		4,824		392,432
SCANA Corp.		4,973		376,257
DTE Energy Co.		3,756		372,295
Public Service Enterprise Group, Inc.		7,928		369,524
Edison International		4,553		353,632
American Electric Power Company, Inc.		5,015		351,501
CenterPoint Energy, Inc.		13,801		331,224
Ameren Corp.		5,984		320,623
Pinnacle West Capital Corp.		3,770		305,596
PG&E Corp.		4,384		280,225
Xcel Energy, Inc.		6,067		271,680
Eversource Energy		4,348		260,445
Total Utilities				10,150,002
Consumer, Cyclical - 14.8%
Wal-Mart Stores, Inc.		13,143		959,702
Best Buy Company, Inc.		27,774		849,884
Staples, Inc.		90,887		783,446
Ford Motor Co.		59,861		752,452
General Motors Co.		26,475		749,243
Kohl's Corp.		16,197		614,190
AutoNation, Inc.^*		11,680		548,726
Macy's, Inc.		14,470		486,337
PVH Corp.		5,030		473,977
Whirlpool Corp.		2,598		432,931
Urban Outfitters, Inc.^*		15,190		417,725
PulteGroup, Inc.		21,260		414,357
United Continental Holdings, Inc.^*		9,051		371,453
Target Corp.		4,489		313,422
PACCAR, Inc.		5,540		287,360
Johnson Controls, Inc.		5,207		230,462
The Gap, Inc.		10,290		218,354
Bed Bath & Beyond, Inc.		4,660		201,405
Total Consumer, Cyclical				9,105,426
Energy - 10.7%
National Oilwell Varco, Inc.		27,798		935,403
Diamond Offshore Drilling, Inc.		34,125		830,262
Valero Energy Corp.		13,866		707,166
Chevron Corp.		5,778		605,708
Phillips 66		7,233		573,866
Transocean Ltd.		47,667		566,761
Marathon Petroleum Corp.		12,574		477,309
First Solar, Inc.^*		9,605		465,650
Helmerich & Payne, Inc.		6,832		458,632
Hess Corp.		7,070		424,907
Marathon Oil Corp.		19,712		295,877
Baker Hughes, Inc.		4,664		210,486
Total Energy				6,552,027
Consumer, Non-cyclical - 9.9%
Archer-Daniels-Midland Co.		32,810		1,407,220
Quanta Services, Inc.^*		38,580		891,970
Anthem, Inc.		6,747		886,151
Tyson Foods, Inc. — Class A		11,648		777,970
McKesson Corp.		3,170		591,680
Cardinal Health, Inc.		7,173		559,566
Sysco Corp.		7,681		389,734
Whole Foods Market, Inc.		10,390		332,688
Express Scripts Holding Co.^*		3,380		256,204
Total Consumer, Non-cyclical				6,093,183
Industrial - 8.3%
Jacobs Engineering Group, Inc.^*		20,953		1,043,670
Fluor Corp.		18,361		904,830
Ryder System, Inc.		11,091		678,104
WestRock Co.		14,690		571,000
Corning, Inc.		20,720		424,346
Cummins, Inc.		3,310		372,176
Eaton Corporation plc		5,710		341,058
Caterpillar, Inc.		3,780		286,562
Owens-Illinois, Inc.^*		12,403		223,378
Textron, Inc.		6,090		222,650
Total Industrial				5,067,774
Basic Materials - 6.6%
Newmont Mining Corp.		38,718		1,514,648

S&P 500^® Pure Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 99.6% (continued)
Basic Materials - 6.6% (continued)
Alcoa, Inc.		114,764	$	1,063,862
Nucor Corp.		10,980		542,522
Freeport-McMoRan, Inc.		42,233		470,476
Mosaic Co.		17,840		467,051
Total Basic Materials				4,058,559
Technology - 4.1%
HP, Inc.		120,965		1,518,111
Xerox Corp.		73,297		695,589
Western Digital Corp.		6,840		323,258
Total Technology				2,536,958
Communications - 3.0%
CenturyLink, Inc.		25,773		747,675
Frontier Communications Corp.		103,395		510,771
News Corp. — Class A		39,216		445,102
News Corp. — Class B		11,100		129,537
Total Communications				1,833,085
Diversified - 1.7%
Leucadia National Corp.		59,903		1,038,119
Total Common Stocks
(Cost $50,048,800)				61,216,136

	Face Amount
REPURCHASE AGREEMENTS^††,1 - 0.5%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	151,967		151,967
Royal Bank of Canada issued 06/30/16 at 0.33% due 07/01/16		129,199		129,199
Total Repurchase Agreements
(Cost $281,166)				281,166
Total Investments - 100.1%
(Cost $50,329,966)			$	61,497,302
Other Assets & Liabilities, net - (0.1)%				(82,409	)
Total Net Assets - 100.0%			$	61,414,893

*	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 Agreements — See Note 4.
	plc — Public Limited Company

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 2		Level 3		Total
Common Stocks	$	61,216,136	$	—	$	—	$	61,216,136
Repurchase Agreements		—		281,166		—		281,166
Total	$	61,216,136	$	281,166	$	—	$	61,497,302

For the period ended June 30, 2016, there were no transfers between levels.

S&P 500^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 76.9%
Consumer, Non-cyclical - 19.0%
Johnson & Johnson		29,289	$	3,552,755
Procter & Gamble Co.		28,344		2,399,886
Pfizer, Inc.		64,579		2,273,827
Coca-Cola Co.		41,459		1,879,337
Merck & Company, Inc.		29,474		1,697,997
Philip Morris International, Inc.		16,518		1,680,211
PepsiCo, Inc.		15,380		1,629,357
Altria Group, Inc.		20,832		1,436,575
UnitedHealth Group, Inc.		10,124		1,429,508
Bristol-Myers Squibb Co.		17,775		1,307,351
Medtronic plc		14,973		1,299,208
Amgen, Inc.		7,999		1,217,048
Gilead Sciences, Inc.		14,181		1,182,979
AbbVie, Inc.		17,222		1,066,214
Allergan plc^*		4,212		973,351
Eli Lilly & Co.		10,343		814,511
Celgene Corp.^*		8,248		813,500
Mondelez International, Inc. — Class A		16,526		752,099
Colgate-Palmolive Co.		9,509		696,059
Danaher Corp.		6,380		644,380
Thermo Fisher Scientific, Inc.		4,190		619,115
Abbott Laboratories		15,644		614,966
Biogen, Inc.^*		2,332		563,924
Kraft Heinz Co.		6,344		561,317
Kimberly-Clark Corp.		3,835		527,236
Express Scripts Holding Co.^*		6,738		510,741
Reynolds American, Inc.		8,815		475,393
Aetna, Inc.		3,733		455,911
General Mills, Inc.		6,329		451,384
McKesson Corp.		2,396		447,213
Automatic Data Processing, Inc.		4,851		445,662
PayPal Holdings, Inc.^*		11,744		428,773
Stryker Corp.		3,345		400,831
Becton Dickinson and Co.		2,260		383,273
Kroger Co.		10,156		373,640
Anthem, Inc.		2,800		367,752
Cigna Corp.		2,731		349,541
Boston Scientific Corp.^*		14,448		337,650
Constellation Brands, Inc. — Class A		1,878		310,621
S&P Global, Inc.		2,817		302,151
Regeneron Pharmaceuticals, Inc.^*		831		290,210
Humana, Inc.		1,587		285,470
Sysco Corp.		5,580		283,129
Alexion Pharmaceuticals, Inc.^*		2,385		278,473
Cardinal Health, Inc.		3,469		270,617
Archer-Daniels-Midland Co.		6,257		268,363
Intuitive Surgical, Inc.^*		405		267,871
Baxter International, Inc.		5,881		265,939
Zimmer Biomet Holdings, Inc.		2,122		255,446
HCA Holdings, Inc.^*		3,206		246,894
Monster Beverage Corp.^*		1,499		240,904
St. Jude Medical, Inc.		3,027		236,106
Zoetis, Inc.		4,861		230,703
Vertex Pharmaceuticals, Inc.^*		2,634		226,577
Edwards Lifesciences Corp.^*		2,255		224,891
ConAgra Foods, Inc.		4,647		222,173
Illumina, Inc.^*		1,567		219,975
Kellogg Co.		2,684		219,149
Estee Lauder Companies, Inc. — Class A		2,370		215,717
Tyson Foods, Inc. — Class A		3,200		213,728
Nielsen Holdings plc		3,842		199,668
Molson Coors Brewing Co. — Class B		1,961		198,316
Mylan N.V.^*		4,547		196,612
JM Smucker Co.		1,274		194,170
Dr Pepper Snapple Group, Inc.		1,979		191,231
Clorox Co.		1,377		190,563
CR Bard, Inc.		781		183,660
Mead Johnson Nutrition Co. — Class A		1,988		180,411
Hershey Co.		1,496		169,781
Moody's Corp.		1,800		168,678
Equifax, Inc.		1,267		162,683
AmerisourceBergen Corp. — Class A		1,954		154,991
DENTSPLY SIRONA, Inc.		2,494		154,728
Henry Schein, Inc.^*		874		154,523
Laboratory Corporation of America Holdings^*		1,090		141,994
Church & Dwight Company, Inc.		1,366		140,548
Perrigo Company plc		1,525		138,272
DaVita HealthCare Partners, Inc.^*		1,737		134,305
Verisk Analytics, Inc. — Class A^*		1,647		133,539
McCormick & Company, Inc.		1,227		130,884
Centene Corp.^*		1,815		129,537
Universal Health Services, Inc. — Class B		956		128,200
Campbell Soup Co.		1,909		127,006
Quest Diagnostics, Inc.		1,506		122,603
Global Payments, Inc.		1,640		117,063
Whole Foods Market, Inc.		3,418		109,444
Brown-Forman Corp. — Class B		1,070		106,743
Hormel Foods Corp.		2,877		105,298
Western Union Co.		5,230		100,311
Total System Services, Inc.		1,799		95,545
Cintas Corp.		923		90,574
Hologic, Inc.^*		2,583		89,372
Varian Medical Systems, Inc.^*		1,014		83,381
Avery Dennison Corp.		950		71,013
Mallinckrodt plc^*		1,164		70,748
United Rentals, Inc.^*		942		63,208
H&R Block, Inc.		2,389		54,947
Robert Half International, Inc.		1,398		53,348
Patterson Companies, Inc.		886		42,431
Quanta Services, Inc.^*		1,608		37,177
Endo International plc^*		2,181		34,002
Total Consumer, Non-cyclical				47,787,090
Financial - 12.9%
Berkshire Hathaway, Inc. — Class B^*		19,953		2,888,994
JPMorgan Chase & Co.		38,936		2,419,484
Wells Fargo & Co.		49,195		2,328,400
Visa, Inc. — Class A		20,282		1,504,316

S&P 500^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 76.9% (continued)
Financial - 12.9% (continued)
Bank of America Corp.		109,376	$	1,451,420
Citigroup, Inc.		31,251		1,324,730
MasterCard, Inc. — Class A		10,337		910,276
Simon Property Group, Inc.		3,295		714,685
U.S. Bancorp		17,280		696,902
Chubb Ltd.		4,946		646,491
American International Group, Inc.		11,916		630,236
Goldman Sachs Group, Inc.		4,114		611,259
American Express Co.		8,608		523,022
American Tower Corp. — Class A		4,521		513,632
MetLife, Inc.		11,699		465,971
BlackRock, Inc. — Class A		1,339		458,647
Bank of New York Mellon Corp.		11,469		445,571
PNC Financial Services Group, Inc.		5,317		432,751
Morgan Stanley		16,088		417,966
Public Storage		1,569		401,021
Marsh & McLennan Companies, Inc.		5,550		379,952
Travelers Companies, Inc.		3,113		370,572
Crown Castle International Corp.		3,587		363,829
CME Group, Inc. — Class A		3,606		351,225
Capital One Financial Corp.		5,453		346,320
Prudential Financial, Inc.		4,706		335,726
Intercontinental Exchange, Inc.		1,268		324,557
Charles Schwab Corp.		12,807		324,145
Aflac, Inc.		4,408		318,081
BB&T Corp.		8,741		311,267
Aon plc		2,821		308,138
Welltower, Inc.		3,801		289,522
Equinix, Inc.		739		286,532
Allstate Corp.		3,986		278,821
Prologis, Inc.		5,594		274,330
Equity Residential		3,892		268,081
AvalonBay Communities, Inc.		1,461		263,550
Ventas, Inc.		3,600		262,152
Weyerhaeuser Co.		7,955		236,820
Discover Financial Services		4,389		235,207
State Street Corp.		4,216		227,327
Synchrony Financial^*		8,880		224,486
SunTrust Banks, Inc.		5,336		219,203
Boston Properties, Inc.		1,636		215,789
Progressive Corp.		6,208		207,968
M&T Bank Corp.		1,693		200,163
T. Rowe Price Group, Inc.		2,643		192,860
Realty Income Corp.		2,743		190,254
Vornado Realty Trust		1,889		189,127
Hartford Financial Services Group, Inc.		4,189		185,908
General Growth Properties, Inc.		6,207		185,093
Willis Towers Watson plc		1,474		183,233
HCP, Inc.		4,974		175,980
Digital Realty Trust, Inc.		1,563		170,351
Essex Property Trust, Inc.		697		158,979
Ameriprise Financial, Inc.		1,766		158,675
Northern Trust Corp.		2,284		151,338
Fifth Third Bancorp		8,175		143,798
Kimco Realty Corp.		4,468		140,206
Franklin Resources, Inc.		3,924		130,944
Host Hotels & Resorts, Inc.		7,957		128,983
Federal Realty Investment Trust		755		124,990
Extra Space Storage, Inc.		1,333		123,356
Alliance Data Systems Corp.^*		628		123,038
Principal Financial Group, Inc.		2,870		117,986
Cincinnati Financial Corp.		1,575		117,952
Loews Corp.		2,852		117,189
Regions Financial Corp.		13,488		114,783
Macerich Co.		1,344		114,764
SL Green Realty Corp.		1,067		113,603
Invesco Ltd.		4,443		113,474
Citizens Financial Group, Inc.		5,633		112,547
UDR, Inc.		2,844		105,000
Iron Mountain, Inc.		2,545		101,367
XL Group plc — Class A		3,031		100,963
KeyCorp		8,970		99,119
Lincoln National Corp.		2,545		98,670
Arthur J Gallagher & Co.		1,886		89,774
CBRE Group, Inc. — Class A^*		3,107		82,273
Affiliated Managers Group, Inc.^*		573		80,661
Unum Group		2,532		80,492
Nasdaq, Inc.		1,226		79,285
Comerica, Inc.		1,865		76,707
Huntington Bancshares, Inc.		8,506		76,044
Torchmark Corp.		1,195		73,875
Apartment Investment & Management Co. — Class A		1,668		73,659
ETRADE Financial Corp.^		2,968		69,718
Assurant, Inc.		660		56,965
Zions Bancorporation		2,179		54,758
People's United Financial, Inc.		3,310		48,525
Navient Corp.		3,519		42,052
Legg Mason, Inc.		1,122		33,088
Total Financial				32,511,943
Communications - 9.9%
Amazon.com, Inc.^*		4,120		2,948,355
AT&T, Inc.		65,550		2,832,415
Facebook, Inc. — Class A^*		24,617		2,813,231
Verizon Communications, Inc.		43,405		2,423,735
Alphabet, Inc. — Class A^*		3,127		2,199,938
Alphabet, Inc. — Class C^*		3,145		2,176,655
Comcast Corp. — Class A		25,744		1,678,252
Walt Disney Co.		15,894		1,554,751
Cisco Systems, Inc.		53,557		1,536,550
Priceline Group, Inc.^*		529		660,409
Time Warner, Inc.		8,374		615,824
Netflix, Inc.^*		4,561		417,240
Yahoo!, Inc.^*		9,306		349,533
Twenty-First Century Fox, Inc. — Class A		11,667		315,592
eBay, Inc.^*		11,255		263,480
CBS Corp. — Class B		4,422		240,734
Omnicom Group, Inc.		2,532		206,332
CenturyLink, Inc.		5,814		168,664
Level 3 Communications, Inc.^*		3,087		158,950
Viacom, Inc. — Class B		3,691		153,066
Symantec Corp.		6,520		133,921
Expedia, Inc.		1,248		132,662

S&P 500^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 76.9% (continued)
Communications - 9.9% (continued)
Twenty-First Century Fox, Inc. — Class B		4,591	$	125,105
Motorola Solutions, Inc.		1,692		111,621
Interpublic Group of Companies, Inc.		4,285		98,984
VeriSign, Inc.^*		1,016		87,843
Juniper Networks, Inc.		3,761		84,585
F5 Networks, Inc.^*		713		81,168
TripAdvisor, Inc.^*		1,217		78,253
Scripps Networks Interactive, Inc. — Class A		1,012		63,017
Frontier Communications Corp.		12,491		61,706
Discovery Communications, Inc. — Class C^*		2,542		60,627
TEGNA, Inc.		2,317		53,685
News Corp. — Class A		4,052		45,990
Discovery Communications, Inc. — Class A^*		1,602		40,418
News Corp. — Class B		1,148		13,397
Total Communications				24,986,688
Technology - 9.6%
Apple, Inc.		58,324		5,575,775
Microsoft Corp.		83,699		4,282,879
Intel Corp.		50,280		1,649,185
International Business Machines Corp.		9,404		1,427,340
Oracle Corp.		33,141		1,356,461
QUALCOMM, Inc.		15,641		837,888
Accenture plc — Class A		6,642		752,472
Texas Instruments, Inc.		10,693		669,917
Broadcom Ltd.		3,950		613,830
EMC Corp.		20,798		565,082
salesforce.com, Inc.^*		6,781		538,478
Adobe Systems, Inc.^*		5,326		510,178
Cognizant Technology Solutions Corp. — Class A^*		6,451		369,255
Hewlett Packard Enterprise Co.		17,694		323,269
Intuit, Inc.		2,725		304,137
Applied Materials, Inc.		11,597		277,980
Fiserv, Inc.^*		2,367		257,364
NVIDIA Corp.		5,402		253,948
Electronic Arts, Inc.^*		3,212		243,341
HP, Inc.		18,215		228,598
Fidelity National Information Services, Inc.		2,955		217,724
Activision Blizzard, Inc.		5,424		214,953
Paychex, Inc.		3,413		203,074
Cerner Corp.^*		3,204		187,754
Analog Devices, Inc.		3,273		185,383
Micron Technology, Inc.^*		11,042		151,938
Lam Research Corp.		1,699		142,818
Western Digital Corp.		2,998		141,683
Red Hat, Inc.^*		1,932		140,263
Citrix Systems, Inc.^*		1,652		132,309
Autodesk, Inc.^*		2,391		129,449
Skyworks Solutions, Inc.		2,026		128,205
Xilinx, Inc.		2,702		124,643
KLA-Tencor Corp.		1,658		121,449
Linear Technology Corp.		2,546		118,465
Microchip Technology, Inc.		2,287		116,088
Akamai Technologies, Inc.^*		1,870		104,589
CA, Inc.		3,151		103,447
Xerox Corp.		10,139		96,219
Seagate Technology plc		3,178		77,416
NetApp, Inc.		3,078		75,688
Qorvo, Inc.^*		1,358		75,043
Dun & Bradstreet Corp.		386		47,030
Pitney Bowes, Inc.		2,008		35,742
Teradata Corp.^*		1,384		34,697
CSRA, Inc.		1,461		34,231
Total Technology				24,177,677
Consumer, Cyclical - 7.7%
Home Depot, Inc.		13,246		1,691,382
Wal-Mart Stores, Inc.		16,261		1,187,378
McDonald's Corp.		9,348		1,124,939
CVS Health Corp.		11,436		1,094,882
Starbucks Corp.		15,598		890,958
NIKE, Inc. — Class B		14,178		782,626
Walgreens Boots Alliance, Inc.		9,202		766,251
Lowe's Companies, Inc.		9,435		746,969
Costco Wholesale Corp.		4,665		732,592
TJX Companies, Inc.		7,039		543,622
Ford Motor Co.		41,549		522,271
Target Corp.		6,275		438,120
General Motors Co.		14,921		422,264
Yum! Brands, Inc.		4,338		359,707
Johnson Controls, Inc.		6,904		305,571
Delta Air Lines, Inc.		8,216		299,310
Dollar General Corp.		3,022		284,068
O'Reilly Automotive, Inc.^*		1,027		278,420
Southwest Airlines Co.		6,801		266,667
AutoZone, Inc.^*		318		252,441
Ross Stores, Inc.		4,278		242,520
Dollar Tree, Inc.^*		2,508		236,354
Newell Brands, Inc.		4,863		236,196
VF Corp.		3,552		218,412
Carnival Corp.		4,669		206,370
PACCAR, Inc.		3,732		193,579
Delphi Automotive plc		2,907		181,978
L Brands, Inc.		2,694		180,848
American Airlines Group, Inc.		6,156		174,276
Ulta Salon Cosmetics & Fragrance, Inc.^*		665		162,020
Genuine Parts Co.		1,593		161,291
United Continental Holdings, Inc.^*		3,575		146,718
WW Grainger, Inc.		601		136,577
Fastenal Co.		3,076		136,544
Marriott International, Inc. — Class A		2,030		134,914
Whirlpool Corp.		809		134,812
Starwood Hotels & Resorts Worldwide, Inc.		1,795		132,740
Tractor Supply Co.		1,421		129,567
Mohawk Industries, Inc.^*		678		128,658
Advance Auto Parts, Inc.		783		126,556
Chipotle Mexican Grill, Inc. — Class A^*		311		125,258

S&P 500^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 76.9% (continued)
Consumer, Cyclical - 7.7% (continued)
Coach, Inc.		2,960	$	120,590
Royal Caribbean Cruises Ltd.		1,788		120,064
Mattel, Inc.		3,625		113,426
DR Horton, Inc.		3,515		110,652
Macy's, Inc.		3,284		110,375
LKQ Corp.^*		3,266		103,532
CarMax, Inc.^*		2,064		101,198
Hanesbrands, Inc.		4,020		101,023
Hasbro, Inc.		1,195		100,368
Michael Kors Holdings Ltd.^*		1,879		92,973
Best Buy Company, Inc.		3,002		91,861
Lennar Corp. — Class A		1,953		90,033
Harley-Davidson, Inc.		1,928		87,338
Wyndham Worldwide Corp.		1,192		84,906
PVH Corp.		863		81,320
Foot Locker, Inc.		1,449		79,492
Wynn Resorts Ltd.		867		78,585
Under Armour, Inc. — Class A^*		1,950		78,254
Darden Restaurants, Inc.		1,214		76,895
Alaska Air Group, Inc.		1,312		76,476
Kohl's Corp.		1,956		74,172
Leggett & Platt, Inc.		1,430		73,087
Goodyear Tire & Rubber Co.		2,832		72,669
Under Armour, Inc. — Class C^*		1,960		71,355
Bed Bath & Beyond, Inc.		1,644		71,054
Tiffany & Co.		1,167		70,767
Signet Jewelers Ltd.		831		68,483
BorgWarner, Inc.		2,317		68,398
PulteGroup, Inc.		3,353		65,350
Staples, Inc.		6,882		59,323
Ralph Lauren Corp. — Class A		607		54,399
Harman International Industries, Inc.		751		53,937
Nordstrom, Inc.		1,367		52,014
The Gap, Inc.		2,415		51,246
AutoNation, Inc.^*		758		35,611
Urban Outfitters, Inc.^*		923		25,383
Total Consumer, Cyclical				19,383,235
Industrial - 7.4%
General Electric Co.		97,916		3,082,396
3M Co.		6,458		1,130,925
Honeywell International, Inc.		8,115		943,937
United Technologies Corp.		8,287		849,832
Boeing Co.		6,376		828,051
United Parcel Service, Inc. — Class B		7,352		791,957
Union Pacific Corp.		8,955		781,324
Lockheed Martin Corp.		2,788		691,898
Caterpillar, Inc.		6,217		471,311
Raytheon Co.		3,162		429,874
Northrop Grumman Corp.		1,921		427,000
General Dynamics Corp.		3,059		425,935
FedEx Corp.		2,658		403,431
Illinois Tool Works, Inc.		3,444		358,726
Emerson Electric Co.		6,850		357,296
Waste Management, Inc.		4,399		291,523
Eaton Corporation plc		4,877		291,303
Norfolk Southern Corp.		3,149		268,074
CSX Corp.		10,178		265,442
Deere & Co.		3,179		257,626
Corning, Inc.		11,450		234,496
TE Connectivity Ltd.		3,808		217,475
Tyco International plc		4,531		193,021
Cummins, Inc.		1,687		189,686
Amphenol Corp. — Class A		3,279		187,985
Roper Technologies, Inc.		1,078		183,864
Stanley Black & Decker, Inc.		1,598		177,730
Ingersoll-Rand plc		2,742		174,611
Vulcan Materials Co.		1,418		170,670
Rockwell Automation, Inc.		1,387		159,255
Parker-Hannifin Corp.		1,434		154,944
Agilent Technologies, Inc.		3,490		154,816
TransDigm Group, Inc.^*		564		148,721
Ball Corp.		1,852		133,881
Martin Marietta Materials, Inc.		676		129,792
Republic Services, Inc. — Class A		2,527		129,660
Waters Corp.^*		862		121,240
L-3 Communications Holdings, Inc.		819		120,139
Rockwell Collins, Inc.		1,386		118,004
Acuity Brands, Inc.		467		115,797
AMETEK, Inc.		2,485		114,882
Dover Corp.		1,652		114,517
CH Robinson Worldwide, Inc.		1,520		112,860
Pentair plc		1,924		112,150
Harris Corp.		1,328		110,808
Masco Corp.		3,543		109,620
Textron, Inc.		2,863		104,671
WestRock Co.		2,690		104,560
Kansas City Southern		1,150		103,604
Snap-on, Inc.		619		97,691
Sealed Air Corp.		2,099		96,491
Expeditors International of Washington, Inc.		1,939		95,089
Fortune Brands Home & Security, Inc.		1,633		94,665
Stericycle, Inc.^*		904		94,124
Xylem, Inc.		1,905		85,058
J.B. Hunt Transport Services, Inc.		948		76,722
Fluor Corp.		1,483		73,083
Allegion plc		1,019		70,749
Jacobs Engineering Group, Inc.^*		1,298		64,653
Flowserve Corp.		1,388		62,696
PerkinElmer, Inc.		1,161		60,860
Garmin Ltd.		1,249		52,983
FLIR Systems, Inc.		1,466		45,373
Ryder System, Inc.		572		34,972
Owens-Illinois, Inc.^*		1,724		31,049
Total Industrial				18,687,578
Energy - 5.7%
Exxon Mobil Corp.		44,153		4,138,903
Chevron Corp.		20,068		2,103,728
Schlumberger Ltd.		14,796		1,170,067
Occidental Petroleum Corp.		8,132		614,454
ConocoPhillips		13,186		574,910
EOG Resources, Inc.		5,859		488,757
Halliburton Co.		9,150		414,404
Phillips 66		4,981		395,192

S&P 500^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 76.9% (continued)
Energy - 5.7% (continued)
Kinder Morgan, Inc.		19,485	$	364,760
Anadarko Petroleum Corp.		5,435		289,413
Spectra Energy Corp.		7,286		266,886
Pioneer Natural Resources Co.		1,742		263,408
Valero Energy Corp.		5,003		255,153
Apache Corp.		4,031		224,406
Marathon Petroleum Corp.		5,642		214,170
Baker Hughes, Inc.		4,663		210,441
Devon Energy Corp.		5,580		202,275
Hess Corp.		2,807		168,701
Concho Resources, Inc.^*		1,388		165,547
Noble Energy, Inc.		4,563		163,675
Williams Companies, Inc.		7,273		157,315
Equities Corp.		1,839		142,393
Marathon Oil Corp.		9,026		135,480
National Oilwell Varco, Inc.		4,015		135,105
Cabot Oil & Gas Corp. — Class A		4,951		127,439
Cimarex Energy Co.		1,010		120,513
Columbia Pipeline Group, Inc.		4,258		108,536
ONEOK, Inc.		2,237		106,146
Tesoro Corp.		1,278		95,748
Newfield Exploration Co.^*		2,095		92,557
Range Resources Corp.		1,807		77,954
Helmerich & Payne, Inc.		1,150		77,200
FMC Technologies, Inc.^*		2,410		64,275
Murphy Oil Corp.		1,724		54,737
Southwestern Energy Co.^*		4,083		51,364
Transocean Ltd.		3,655		43,458
First Solar, Inc.^*		817		39,608
Chesapeake Energy Corp.^*		6,227		26,652
Diamond Offshore Drilling, Inc.		686		16,690
Total Energy				14,362,420
Utilities - 2.8%
NextEra Energy, Inc.		4,914		640,786
Duke Energy Corp.		7,336		629,355
Southern Co.		9,994		535,978
Dominion Resources, Inc.		6,562		511,378
American Electric Power Company, Inc.		5,232		366,711
Exelon Corp.		9,815		356,873
PG&E Corp.		5,282		337,625
Sempra Energy		2,524		287,786
PPL Corp.		7,208		272,102
Edison International		3,469		269,437
Consolidated Edison, Inc.		3,239		260,545
Public Service Enterprise Group, Inc.		5,387		251,088
Xcel Energy, Inc.		5,409		242,215
WEC Energy Group, Inc.		3,361		219,473
Eversource Energy		3,378		202,342
DTE Energy Co.		1,911		189,418
American Water Works Company, Inc.		1,892		159,893
FirstEnergy Corp.		4,522		157,863
Entergy Corp.		1,903		154,809
Ameren Corp.		2,584		138,451
CMS Energy Corp.		2,972		136,296
SCANA Corp.		1,522		115,155
CenterPoint Energy, Inc.		4,585		110,040
Alliant Energy Corp.		2,418		95,995
Pinnacle West Capital Corp.		1,183		95,894
NiSource, Inc.		3,424		90,804
AES Corp.		7,017		87,573
NRG Energy, Inc.		3,353		50,261
Total Utilities				6,966,146
Basic Materials - 1.9%
EI du Pont de Nemours & Co.		9,301		602,704
Dow Chemical Co.		11,956		594,333
Monsanto Co.		4,652		481,063
Praxair, Inc.		3,038		341,441
Ecolab, Inc.		2,811		333,384
PPG Industries, Inc.		2,833		295,057
Air Products & Chemicals, Inc.		2,071		294,165
LyondellBasell Industries N.V. — Class A		3,635		270,516
Sherwin-Williams Co.		837		245,802
Newmont Mining Corp.		5,649		220,989
International Paper Co.		4,378		185,540
Nucor Corp.		3,385		167,253
Freeport-McMoRan, Inc.		13,333		148,530
Alcoa, Inc.		14,003		129,808
Eastman Chemical Co.		1,583		107,486
International Flavors & Fragrances, Inc.		849		107,033
Mosaic Co.		3,725		97,521
Albemarle Corp.		1,196		94,855
FMC Corp.		1,424		65,945
CF Industries Holdings, Inc.		2,482		59,816
Total Basic Materials				4,843,241
Diversified - 0.0%
Leucadia National Corp.		3,549		61,504
Total Common Stocks
(Cost $155,447,373)				193,767,522

	Face Amount
FEDERAL AGENCY NOTES^†† - 6.0%
Federal Farm Credit Bank¹
0.59% due 08/21/17²	$	10,000,000	9,999,900
0.46% due 08/01/17²		5,000,000	4,995,335
Total Federal Farm Credit Bank			14,995,235
Total Federal Agency Notes
(Cost $14,998,788)			14,995,235

S&P 500^® Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Face Amount		Value
FEDERAL AGENCY DISCOUNT NOTES^†† - 3.2%
Farmer Mac¹
0.66% due 12/09/16	$	8,000,000	$	7,985,688
Total Federal Agency Discount Notes
(Cost $7,976,387)				7,985,688
REPURCHASE AGREEMENTS^††,3 - 9.3%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16		11,277,833		11,277,833
Royal Bank of Canada issued 06/30/16 at 0.33% due 07/01/16		9,588,074		9,588,074
UMB Financial Corp. issued 06/30/16 at 0.26% due 07/01/16⁴		2,621,222		2,621,222
Total Repurchase Agreements
(Cost $23,487,129)				23,487,129
Total Investments - 95.4%
(Cost $201,909,677)			$	240,235,574
Other Assets & Liabilities, net - 4.6%				11,587,475
Total Net Assets - 100.0%			$	251,823,049

	Contracts		Unrealized Gain
EQUITY FUTURES CONTRACTS PURCHASED^†
September 2016 S&P 500 Index Mini Futures Contracts (Aggregate Value of Contracts $19,418,400)		186	$	278,946

	Units
OTC EQUITY INDEX SWAP AGREEMENTS^††
Goldman Sachs International July 2016 S&P 500 Index Swap 0.44%⁵, Terminating 07/26/16 (Notional Value $18,852,237)		8,982	$	449,433
Barclays Bank plc July 2016 S&P 500 Index Swap 0.44%⁵, Terminating 07/29/16 (Notional Value $18,401,419)		8,767		245,955
Credit Suisse Capital, LLC July 2016 S&P 500 Index Swap 0.45%⁵, Terminating 07/26/16 (Notional Value $820,105)		391		38,641
(Total Notional Value $38,073,761)			$	734,029

*	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	The issuer operates under a Congressional charter; its securities are neither issued nor guaranteed by the U.S. Government.
²	Variable rate security. Rate indicated is rate effective at June 30, 2016.
³	Repurchase Agreements — See Note 4.
⁴	All or a portion of this security is pledged as equity index swap collateral at June 30, 2016.
⁵	Total Return based on S&P 500 Index +/- financing at a variable rate. Rate indicated is the rate effective at June 30, 2016 plc — Public Limited Company

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 1 - Other*		Level 2		Level 2 - Other*		Level 3		Total
Common Stocks	$	193,767,522	$	—	$	—	$	—	$	—	$	193,767,522
Equity Futures Contracts		—		278,946		—		—		—		278,946
Equity Index Swap Agreements		—		—		—		734,029		—		734,029
Federal Agency Discount Notes		—		—		7,985,688		—		—		7,985,688
Federal Agency Notes		—		—		14,995,235		—		—		14,995,235
Repurchase Agreements		—		—		23,487,129		—		—		23,487,129
Total	$	193,767,522	$	278,946	$	46,468,052	$	734,029	$	—	$	241,248,549

* Other financial instruments include futures contracts and/or swaps, which are reported as unrealized gain/loss at period end.

For the period ended June 30, 2016, there were no transfers between levels.

S&P MidCap 400^® Pure Growth Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 99.5%
Consumer, Non-cyclical - 25.0%
ABIOMED, Inc.^*		29,559	$	3,230,503
Post Holdings, Inc.^*		33,800		2,794,923
MarketAxess Holdings, Inc.		17,977		2,613,856
Amsurg Corp. — Class A^*		27,720		2,149,409
Sprouts Farmers Market, Inc.^*		79,880		1,829,252
Prestige Brands Holdings, Inc.^*		28,490		1,578,346
WhiteWave Foods Co. — Class A^*		33,547		1,574,696
Helen of Troy Ltd.^*		14,500		1,491,180
Align Technology, Inc.^*		18,160		1,462,788
United Therapeutics Corp.^*		11,841		1,254,199
PAREXEL International Corp.^*		18,229		1,146,240
Service Corporation International		42,320		1,144,333
MEDNAX, Inc.^*		15,610		1,130,632
CEB, Inc.		17,828		1,099,631
VCA, Inc.^*		15,590		1,054,040
Gartner, Inc.^*		9,835		958,027
Rollins, Inc.		28,031		820,467
Akorn, Inc.^*		25,983		740,126
Flowers Foods, Inc.		37,665		706,219
Bio-Techne Corp.		6,220		701,429
STERIS plc		10,190		700,563
Charles River Laboratories International, Inc.^*		8,091		667,022
LivaNova plc^*		10,453		525,054
Total Consumer, Non-cyclical				31,372,935
Technology - 23.5%
Convergys Corp.		108,475		2,711,875
Ultimate Software Group, Inc.^*		10,966		2,306,039
j2 Global, Inc.		30,994		1,957,891
ACI Worldwide, Inc.^*		99,705		1,945,244
Manhattan Associates, Inc.^*		27,690		1,775,760
Fortinet, Inc.^*		56,047		1,770,525
Synaptics, Inc.^*		32,255		1,733,706
MAXIMUS, Inc.		29,844		1,652,462
Fair Isaac Corp.		14,441		1,631,977
Tyler Technologies, Inc.^*		9,760		1,627,090
Integrated Device Technology, Inc.^*		76,554		1,541,032
MSCI, Inc. — Class A		18,005		1,388,546
IPG Photonics Corp.^*		16,620		1,329,600
Microsemi Corp.^*		39,500		1,290,860
Jack Henry & Associates, Inc.		13,660		1,192,108
DST Systems, Inc.		8,690		1,011,777
Broadridge Financial Solutions, Inc.		15,300		997,560
CDK Global, Inc.		16,838		934,341
Cadence Design Systems, Inc.^*		36,152		878,494
Total Technology				29,676,887
Financial - 20.6%
Alexander & Baldwin, Inc.		73,660		2,662,072
WisdomTree Investments, Inc.		210,780		2,063,536
Old Republic International Corp.		106,690		2,058,050
Equity One, Inc.		56,604		1,821,516
PrivateBancorp, Inc. — Class A		40,940		1,802,589
Lamar Advertising Co. — Class A		26,595		1,763,249
SEI Investments Co.		31,644		1,522,393
Education Realty Trust, Inc.		32,800		1,513,392
Bank of the Ozarks, Inc.		39,947		1,498,811
Signature Bank^*		11,576		1,446,074
Weingarten Realty Investors		34,280		1,399,310
First Horizon National Corp.		81,735		1,126,308
Communications Sales & Leasing, Inc.		36,370		1,051,093
CBOE Holdings, Inc.		14,724		980,913
SVB Financial Group^*		9,950		946,842
Healthcare Realty Trust, Inc.		25,670		898,193
Sovran Self Storage, Inc.		7,777		815,963
Jones Lang LaSalle, Inc.		6,460		629,527
Total Financial				25,999,831
Consumer, Cyclical - 17.7%
Skechers U.S.A., Inc. — Class A^*		109,907		3,266,436
NVR, Inc.^*		1,400		2,492,476
Vista Outdoor, Inc.^*		44,415		2,119,928
Churchill Downs, Inc.		14,100		1,781,676
Tempur Sealy International, Inc.^*		31,580		1,747,006
Pool Corp.		16,150		1,518,585
Wendy's Co.		130,023		1,250,820
Toll Brothers, Inc.^*		43,940		1,182,425
JetBlue Airways Corp.^*		62,289		1,031,506
Domino's Pizza, Inc.		6,975		916,376
Buffalo Wild Wings, Inc.^*		6,595		916,375
Toro Co.		10,295		908,019
Carter's, Inc.		8,454		900,097
Restoration Hardware Holdings, Inc.^*		30,620		878,182
Panera Bread Co. — Class A^*		4,100		868,954
Dunkin' Brands Group, Inc.		13,535		590,397
Total Consumer, Cyclical				22,369,258
Communications - 6.6%
WebMD Health Corp. — Class A^*		52,640		3,058,910
ARRIS International plc^*		90,398		1,894,742
AMC Networks, Inc. — Class A^*		25,865		1,562,763
Ciena Corp.^*		50,760		951,750
FactSet Research Systems, Inc.		5,480		884,582
Total Communications				8,352,747
Industrial - 6.1%
AO Smith Corp.		20,200		1,779,822
Lennox International, Inc.		10,880		1,551,488
Packaging Corporation of America		19,717		1,319,659
Eagle Materials, Inc.		16,941		1,306,998
Zebra Technologies Corp. — Class A^*		19,432		973,543
Cognex Corp.		17,340		747,354
Total Industrial				7,678,864
Total Common Stocks
(Cost $115,685,444)				125,450,522

S&P MidCap 400^® Pure Growth Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Face Amount		Value
REPURCHASE AGREEMENTS^††,1 - 0.6%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	405,229	$	405,229
Royal Bank of Canada issued 06/30/16 at 0.33% due 07/01/16		344,514		344,514
Total Repurchase Agreements
(Cost $749,743)				749,743
Total Investments - 100.1%
(Cost $116,435,187)			$	126,200,265
Other Assets & Liabilities, net - (0.1)%				(77,063	)
Total Net Assets - 100.0%			$	126,123,202

*	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 Agreements — See Note 4.
	plc — Public Limited Company

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 2		Level 3		Total
Common Stocks	$	125,450,522	$	—	$	—	$	125,450,522
Repurchase Agreements		—		749,743		—		749,743
Total	$	125,450,522	$	749,743	$	—	$	126,200,265

For the period ended June 30, 2016, there were no transfers between levels.

S&P MidCap 400^® Pure Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 97.3%
Industrial - 22.2%
Joy Global, Inc.		66,318	$	1,401,963
Arrow Electronics, Inc.^*		12,719		787,306
Tech Data Corp.^*		10,951		786,829
Terex Corp.		38,285		777,568
Triumph Group, Inc.		19,488		691,824
Avnet, Inc.		15,853		642,205
AECOM^*		16,511		524,554
Greif, Inc. — Class A		13,661		509,145
KLX, Inc.^*		15,651		485,181
Vishay Intertechnology, Inc.		37,361		462,903
Oshkosh Corp.		8,676		413,932
Jabil Circuit, Inc.		20,815		384,453
AGCO Corp.		8,048		379,302
Trinity Industries, Inc.		19,592		363,823
EMCOR Group, Inc.		6,260		308,368
Granite Construction, Inc.		4,650		211,808
Regal Beloit Corp.		3,554		195,648
GATX Corp.		4,120		181,156
Total Industrial				9,507,968
Consumer, Cyclical - 14.7%
KB Home		61,684		938,214
Ingram Micro, Inc. — Class A		21,836		759,456
World Fuel Services Corp.		14,504		688,795
CST Brands, Inc.		11,965		515,452
GameStop Corp. — Class A		19,120		508,210
Big Lots, Inc.		7,576		379,633
Fossil Group, Inc.^*		10,431		297,596
Dana Holding Corp.		26,446		279,270
Abercrombie & Fitch Co. — Class A		15,271		271,976
Dick's Sporting Goods, Inc.		5,989		269,864
Ascena Retail Group, Inc.^*		37,026		258,812
J.C. Penney Company, Inc.^*		27,294		242,371
Deckers Outdoor Corp.^*		4,118		236,867
Office Depot, Inc.^*		64,972		215,057
Cabela's, Inc.^*		3,946		197,537
Guess?, Inc.		12,957		195,003
Total Consumer, Cyclical				6,254,113
Financial - 14.7%
Reinsurance Group of America, Inc. — Class A		6,658		645,759
Endurance Specialty Holdings Ltd.		6,086		408,736
Hanover Insurance Group, Inc.		4,776		404,144
Aspen Insurance Holdings Ltd.		8,710		403,970
CNO Financial Group, Inc.		22,649		395,452
Senior Housing Properties Trust		16,638		346,570
Everest Re Group Ltd.		1,788		326,614
Hancock Holding Co.		12,195		318,410
Alleghany Corp.^*		577		317,108
Kemper Corp.		9,784		303,109
First American Financial Corp.		6,692		269,152
WR Berkley Corp.		4,453		266,824
Genworth Financial, Inc. — Class A^*		94,578		244,011
First Niagara Financial Group, Inc.		23,143		225,413
Umpqua Holdings Corp.		12,738		197,056
Trustmark Corp.		7,903		196,390
Associated Banc-Corp.		10,847		186,026
FirstMerit Corp.		8,884		180,079
Prosperity Bancshares, Inc.		3,488		177,853
Stifel Financial Corp.^*		4,950		155,678
International Bancshares Corp.		5,365		139,973
TCF Financial Corp.		10,378		131,282
Total Financial				6,239,609
Basic Materials - 12.7%
United States Steel Corp.		64,914		1,094,449
Reliance Steel & Aluminum Co.		11,445		880,121
Commercial Metals Co.		48,952		827,289
Allegheny Technologies, Inc.		55,599		708,887
Steel Dynamics, Inc.		24,308		595,546
Domtar Corp.		16,504		577,805
Olin Corp.		10,718		266,235
Worthington Industries, Inc.		5,816		246,017
Carpenter Technology Corp.		7,004		230,642
Total Basic Materials				5,426,991
Consumer, Non-cyclical - 11.3%
United Natural Foods, Inc.^*		15,484		724,651
Aaron's, Inc.		20,676		452,598
Owens & Minor, Inc.		12,069		451,139
Community Health Systems, Inc.^*		33,895		408,435
DeVry Education Group, Inc.		20,792		370,929
ManpowerGroup, Inc.		5,504		354,127
RR Donnelley & Sons Co.		20,873		353,171
Tenet Healthcare Corp.^*		12,760		352,686
Graham Holdings Co. — Class B		716		350,511
LifePoint Health, Inc.^*		5,223		341,428
Dean Foods Co.		18,414		333,109
FTI Consulting, Inc.^*		7,676		312,260
Total Consumer, Non-cyclical				4,805,044
Energy - 9.3%
WPX Energy, Inc.^*		75,120		699,367
CONSOL Energy, Inc.		33,440		538,050
SM Energy Co.		19,594		529,038
Murphy USA, Inc.^*		6,807		504,807
Patterson-UTI Energy, Inc.		18,254		389,175
Noble Corporation plc		37,024		305,078
Oil States International, Inc.^*		8,008		263,303
NOW, Inc.^*		11,942		216,628
Western Refining, Inc.		9,346		192,808
HollyFrontier Corp.		7,222		171,667
Rowan Companies plc — Class A		9,403		166,057
Total Energy				3,975,978
Utilities - 6.3%
Talen Energy Corp.^*		95,956		1,300,204
MDU Resources Group, Inc.		20,665		495,960
Great Plains Energy, Inc.		8,660		263,264
PNM Resources, Inc.		6,193		219,480
ONE Gas, Inc.		2,952		196,574
Hawaiian Electric Industries, Inc.		5,723		187,657
Total Utilities				2,663,139
Technology - 4.4%
Computer Sciences Corp.		16,535		820,963

S&P MidCap 400^® Pure Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 97.3% (continued)
Technology - 4.4% (continued)
SYNNEX Corp.		4,822	$	457,222
3D Systems Corp.^*		26,722		365,824
Lexmark International, Inc. — Class A		5,573		210,381
Total Technology				1,854,390
Communications - 1.7%
Telephone & Data Systems, Inc.		24,356		722,399
Total Common Stocks
(Cost $38,324,391)				41,449,631

	Face Amount
REPURCHASE AGREEMENTS^††,1 - 0.5%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	107,168		107,168
Royal Bank of Canada issued 06/30/16 at 0.33% due 07/01/16		91,110		91,110
Total Repurchase Agreements
(Cost $198,278)				198,278
Total Investments - 97.8%
(Cost $38,522,669)			$	41,647,909
Other Assets & Liabilities, net - 2.2%				938,778
Total Net Assets - 100.0%			$	42,586,687

*	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 Agreements — See Note 4.
	plc — Public Limited Company

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 2		Level 3		Total
Common Stocks	$	41,449,631	$	—	$	—	$	41,449,631
Repurchase Agreements		—		198,278		—		198,278
Total	$	41,449,631	$	198,278	$	—	$	41,647,909

For the period ended June 30, 2016, there were no transfers between levels.

S&P SmallCap 600^® Pure Growth Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 99.6%
Consumer, Non-cyclical - 33.7%
Ligand Pharmaceuticals, Inc. — Class B^*		6,484	$	773,347
Supernus Pharmaceuticals, Inc.^*		34,652		705,860
AMN Healthcare Services, Inc.^*		12,663		506,140
Depomed, Inc.^*		24,688		484,379
LendingTree, Inc.^*		5,084		449,070
NuVasive, Inc.^*		7,049		420,967
Masimo Corp.^*		7,779		408,515
MiMedx Group, Inc.^*		48,873		390,007
Cross Country Healthcare, Inc.^*		27,509		382,925
NutriSystem, Inc.		14,918		378,320
Zeltiq Aesthetics, Inc.^*		13,515		369,365
On Assignment, Inc.^*		9,510		351,394
Almost Family, Inc.^*		8,062		343,522
Cynosure, Inc. — Class A^*		6,816		331,564
Vascular Solutions, Inc.^*		7,909		329,489
Cambrex Corp.^*		6,202		320,830
Cantel Medical Corp.		4,383		301,244
Cal-Maine Foods, Inc.		6,763		299,736
Repligen Corp.^*		10,947		299,510
Surgical Care Affiliates, Inc.^*		6,230		296,984
Emergent BioSolutions, Inc.^*		10,220		287,386
Calavo Growers, Inc.		4,079		273,293
TrueBlue, Inc.^*		14,212		268,891
Neogen Corp.^*		4,612		259,425
US Physical Therapy, Inc.		4,129		248,607
B&G Foods, Inc.		5,054		243,603
Lannett Company, Inc.^*		10,209		242,872
LHC Group, Inc.^*		5,506		238,300
Nektar Therapeutics^*		16,456		234,169
Merit Medical Systems, Inc.^*		11,634		230,702
Albany Molecular Research, Inc.^*		16,645		223,709
Natus Medical, Inc.^*		5,899		222,982
SurModics, Inc.^*		9,065		212,846
Matthews International Corp. — Class A		3,709		206,369
Monro Muffler Brake, Inc.		3,122		198,434
Heidrick & Struggles International, Inc.		11,586		195,572
Chemed Corp.		1,388		189,198
Healthcare Services Group, Inc.		4,357		180,293
Luminex Corp.^*		8,828		178,590
WD-40 Co.		1,464		171,947
Integra LifeSciences Holdings Corp.^*		2,114		168,655
Korn/Ferry International		7,206		149,164
CorVel Corp.^*		3,439		148,496
Impax Laboratories, Inc.^*		3,663		105,568
Acorda Therapeutics, Inc.^*		3,565		90,925
Phibro Animal Health Corp. — Class A		3,219		60,067
Total Consumer, Non-cyclical				13,373,231
Financial - 20.2%
CoreSite Realty Corp.		6,435		570,720
First Midwest Bancorp, Inc.		26,990		473,944
Opus Bank		13,706		463,263
Home BancShares, Inc.		19,217		380,304
Ameris Bancorp		12,384		367,805
Universal Insurance Holdings, Inc.		19,357		359,653
Walker & Dunlop, Inc.^*		14,664		334,046
Talmer Bancorp, Inc. — Class A		17,354		332,676
Employers Holdings, Inc.		11,443		332,076
Hanmi Financial Corp.		12,796		300,578
BofI Holding, Inc.^*		16,731		296,306
Pinnacle Financial Partners, Inc.		5,969		291,586
Acadia Realty Trust		8,186		290,767
Simmons First National Corp. — Class A		6,161		284,546
Four Corners Property Trust, Inc.		13,456		277,059
Bank Mutual Corp.		33,252		255,375
Northfield Bancorp, Inc.		16,286		241,521
ServisFirst Bancshares, Inc.		4,814		237,763
AMERISAFE, Inc.		3,862		236,432
Evercore Partners, Inc. — Class A		5,099		225,325
LegacyTexas Financial Group, Inc.		7,856		211,405
HFF, Inc. — Class A		7,230		208,802
RLI Corp.		2,835		194,991
BBCN Bancorp, Inc.		12,205		182,099
Banner Corp.		3,942		167,693
Financial Engines, Inc.		6,373		164,870
Retail Opportunity Investments Corp.		7,452		161,485
First Financial Bankshares, Inc.		4,884		160,146
Total Financial				8,003,236
Industrial - 18.9%
Fabrinet^*		16,350		606,912
TASER International, Inc.^*		21,302		529,994
PGT, Inc.^*		50,187		516,927
Dycom Industries, Inc.^*		5,399		484,615
Headwaters, Inc.^*		24,489		439,333
US Concrete, Inc.^*		6,842		416,746
Universal Forest Products, Inc.		4,306		399,124
Drew Industries, Inc.		4,406		373,805
II-VI, Inc.^*		17,717		332,371
Lydall, Inc.^*		8,570		330,459
Griffon Corp.		19,304		325,465
AZZ, Inc.		5,176		310,456
John Bean Technologies Corp.		4,496		275,245
US Ecology, Inc.		5,976		274,597
Comfort Systems USA, Inc.		8,113		264,240
Methode Electronics, Inc.		6,612		226,329
Sturm Ruger & Company, Inc.		3,174		203,168
Exponent, Inc.		3,437		200,755
Trex Company, Inc.^*		4,370		196,300
AAON, Inc.		6,838		188,113
Apogee Enterprises, Inc.		4,024		186,512
Proto Labs, Inc.^*		2,869		165,140
Matson, Inc.		4,711		152,118
OSI Systems, Inc.^*		1,777		103,297
Total Industrial				7,502,021
Technology - 9.9%
Cirrus Logic, Inc.^*		12,808		496,822
Ebix, Inc.		8,566		410,312

S&P SmallCap 600^® Pure Growth Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 99.6% (continued)
Technology - 9.9% (continued)
Take-Two Interactive Software, Inc.^*		9,001	$	341,318
Blackbaud, Inc.		4,899		332,642
ExlService Holdings, Inc.^*		5,819		304,974
Monolithic Power Systems, Inc.		4,113		281,000
Kopin Corp.^*		121,708		270,192
Tessera Technologies, Inc.		7,736		237,031
Medidata Solutions, Inc.^*		4,981		233,459
Synchronoss Technologies, Inc.^*		5,804		184,915
CEVA, Inc.^*		6,694		181,876
Cray, Inc.^*		6,009		179,789
Rambus, Inc.^*		13,991		169,011
Omnicell, Inc.^*		4,838		165,605
Virtusa Corp.^*		5,245		151,476
Total Technology				3,940,422
Consumer, Cyclical - 9.2%
Installed Building Products, Inc.^*		14,786		536,584
Meritage Homes Corp.^*		14,100		529,314
Lithia Motors, Inc. — Class A		3,726		264,807
American Woodmark Corp.^*		3,933		261,073
Allegiant Travel Co. — Class A		1,587		240,430
Monarch Casino & Resort, Inc.^*		10,942		240,395
Papa John's International, Inc.		3,304		224,672
Hawaiian Holdings, Inc.^*		5,732		217,587
Ruth's Hospitality Group, Inc.		12,363		197,190
Popeyes Louisiana Kitchen, Inc.^*		3,399		185,721
Boyd Gaming Corp.^*		9,959		183,246
Interface, Inc. — Class A		11,916		181,719
Gentherm, Inc.^*		5,088		174,264
Francesca's Holdings Corp.^*		12,107		133,782
Sonic Corp.		3,396		91,862
Total Consumer, Cyclical				3,662,646
Communications - 4.8%
LogMeIn, Inc.^*		6,825		432,909
8x8, Inc.^*		21,603		315,620
Stamps.com, Inc.^*		3,587		313,576
World Wrestling Entertainment, Inc. — Class A		13,823		254,481
NIC, Inc.		9,786		214,705
HealthStream, Inc.^*		7,029		186,409
Blue Nile, Inc.		4,492		122,991
General Communication, Inc. — Class A^*		5,180		81,844
Total Communications				1,922,535
Basic Materials - 1.9%
Balchem Corp.		4,232		252,439
Innospec, Inc.		4,366		200,792
Deltic Timber Corp.		2,546		170,913
Aceto Corp.		6,681		146,247
Total Basic Materials				770,391
Energy - 0.5%
Synergy Resources Corp.^*		29,145		194,106
Utilities - 0.5%
Piedmont Natural Gas Company, Inc.		3,216		193,346
Total Common Stocks
(Cost $35,871,245)				39,561,934

	Face Amount
REPURCHASE AGREEMENTS^††,1 - 2.3%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	485,864		485,864
Royal Bank of Canada issued 06/30/16 at 0.33% due 07/01/16		413,067		413,067
Total Repurchase Agreements
(Cost $898,931)				898,931
Total Investments - 101.9%
(Cost $36,770,176)			$	40,460,865
Other Assets & Liabilities, net - (1.9)%				(737,384	)
Total Net Assets - 100.0%			$	39,723,481

*	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	Repurchase Agreements — See Note 4.

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 2		Level 3		Total
Common Stocks	$	39,561,934	$	—	$	—	$	39,561,934
Repurchase Agreements		—		898,931		—		898,931
Total	$	39,561,934	$	898,931	$	—	$	40,460,865

For the period ended June 30, 2016, there were no transfers between levels.

S&P SmallCap 600^® Pure Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 101.9%
Industrial - 26.8%
SPX Corp.^*		23,222	$	344,846
Orion Group Holdings, Inc.^*		57,499		305,319
LSB Industries, Inc.^*		25,179		304,162
Sanmina Corp.^*		10,803		289,628
Chart Industries, Inc.^*		11,123		268,398
Benchmark Electronics, Inc.^*		11,792		249,401
MYR Group, Inc.^*		9,926		239,018
TimkenSteel Corp.		24,768		238,268
Atlas Air Worldwide Holdings, Inc.^*		5,379		222,798
Olympic Steel, Inc.		8,081		220,692
TTM Technologies, Inc.^*		28,154		212,000
Roadrunner Transportation Systems, Inc.^*		28,107		209,679
Bel Fuse, Inc. — Class B		11,737		208,684
Greenbrier Companies, Inc.		6,754		196,744
Celadon Group, Inc.		22,336		182,485
ArcBest Corp.		11,026		179,173
Plexus Corp.^*		4,015		173,448
Saia, Inc.^*		6,574		165,270
Briggs & Stratton Corp.		7,578		160,502
Powell Industries, Inc.		3,976		156,416
Hornbeck Offshore Services, Inc.^*		17,775		148,243
SPX FLOW, Inc.^*		5,208		135,773
Hub Group, Inc. — Class A^*		3,460		132,760
Boise Cascade Co.^*		5,062		116,173
Echo Global Logistics, Inc.^*		5,176		116,046
AAR Corp.		4,455		103,980
Aegion Corp. — Class A^*		4,417		86,176
Kaman Corp.		1,942		82,574
Marten Transport Ltd.		3,753		74,309
Astec Industries, Inc.		1,196		67,155
Applied Industrial Technologies, Inc.		1,291		58,276
Haynes International, Inc.		1,698		54,472
Tredegar Corp.		3,269		52,696
Tidewater, Inc.		11,229		49,520
Total Industrial				5,805,084
Consumer, Cyclical - 26.8%
EZCORP, Inc. — Class A^*		46,919		354,707
SkyWest, Inc.		13,162		348,267
Barnes & Noble Education, Inc.^*		25,134		255,109
Finish Line, Inc. — Class A		11,658		235,376
Big 5 Sporting Goods Corp.		25,225		233,836
Tuesday Morning Corp.^*		29,057		203,980
Genesco, Inc.^*		3,155		202,898
ScanSource, Inc.^*		5,276		195,792
Veritiv Corp.^*		4,829		181,474
Iconix Brand Group, Inc.^*		26,797		181,148
Cash America International, Inc.		4,138		176,362
Perry Ellis International, Inc.^*		8,258		166,151
Stage Stores, Inc.		33,906		165,461
Tailored Brands, Inc.		12,609		159,630
Barnes & Noble, Inc.		14,059		159,570
Essendant, Inc.		5,124		156,589
Ruby Tuesday, Inc.^*		43,267		156,194
Fred's, Inc. — Class A		9,294		149,726
Anixter International, Inc.^*		2,632		140,233
Zumiez, Inc.^*		9,623		137,705
Superior Industries International, Inc.		4,968		133,043
Titan International, Inc.		20,877		129,437
Sonic Automotive, Inc. — Class A		7,112		121,686
Lumber Liquidators Holdings, Inc.^*		7,827		120,692
Children's Place, Inc.		1,489		119,388
Stein Mart, Inc.		15,199		117,336
VOXX International Corp. — Class A^*		41,786		116,583
Kirkland's, Inc.^*		7,538		110,658
Group 1 Automotive, Inc.		2,025		99,954
Biglari Holdings, Inc.^*		238		95,995
Caleres, Inc.		3,948		95,581
Arctic Cat, Inc.		5,310		90,270
Wolverine World Wide, Inc.		4,066		82,621
Vitamin Shoppe, Inc.^*		2,450		74,897
Regis Corp.^*		5,419		67,467
Vera Bradley, Inc.^*		3,954		56,028
Unifi, Inc.^*		1,979		53,888
Movado Group, Inc.		2,463		53,398
Express, Inc.^*		3,660		53,107
Daktronics, Inc.		6,322		39,513
Total Consumer, Cyclical				5,791,750
Consumer, Non-cyclical - 16.4%
Seneca Foods Corp. — Class A^*		10,048		363,838
SpartanNash Co.		11,119		340,019
Kelly Services, Inc. — Class A		17,294		328,067
Rent-A-Center, Inc.		22,948		281,801
Darling Ingredients, Inc.^*		16,593		247,236
Magellan Health, Inc.^*		3,497		229,998
Andersons, Inc.		6,268		222,765
ABM Industries, Inc.		5,374		196,044
Universal Corp.		2,808		162,134
Kindred Healthcare, Inc.		13,739		155,114
Central Garden & Pet Co. — Class A^*		5,994		130,130
CDI Corp.		20,428		124,611
Sanderson Farms, Inc.		1,370		118,697
AngioDynamics, Inc.^*		7,907		113,624
Select Medical Holdings Corp.^*		10,367		112,689
Universal Technical Institute, Inc.		36,355		82,162
Green Dot Corp. — Class A^*		3,453		79,384
Viad Corp.		2,215		68,665
PharMerica Corp.^*		2,138		52,723
Invacare Corp.		4,249		51,540
Healthways, Inc.^*		4,239		48,960
Central Garden & Pet Co.^*		1,810		41,322
Total Consumer, Non-cyclical				3,551,523
Energy - 11.2%
Atwood Oceanics, Inc.		27,526		344,625
Archrock, Inc.		28,341		266,973
Exterran Corp.^*		18,539		238,226
Green Plains, Inc.		10,152		200,197
Helix Energy Solutions Group, Inc.^*		27,969		189,070

S&P SmallCap 600^® Pure Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 101.9% (continued)
Energy - 11.2% (continued)
Newpark Resources, Inc.^*		28,596	$	165,571
Pioneer Energy Services Corp.^*		34,486		158,636
SunCoke Energy, Inc.		26,116		151,995
Gulf Island Fabrication, Inc.		21,800		151,292
SEACOR Holdings, Inc.^*		2,509		145,397
Era Group, Inc.^*		15,367		144,450
Cloud Peak Energy, Inc.^*		49,169		101,288
REX American Resources Corp.^*		1,376		82,326
Bristow Group, Inc.		5,365		61,215
Basic Energy Services, Inc.^*		15,397		25,867
Total Energy				2,427,128
Financial - 7.8%
Enova International, Inc.^*		30,116		221,653
World Acceptance Corp.^*		3,843		175,241
First BanCorp^*		40,036		158,943
Piper Jaffray Cos.^*		3,812		143,713
Calamos Asset Management, Inc. — Class A		18,088		132,223
International. FCStone, Inc.^*		4,784		130,555
OFG Bancorp		15,299		126,982
Capstead Mortgage Corp.		10,201		98,950
Infinity Property & Casualty Corp.		1,214		97,921
Stewart Information Services Corp.		2,247		93,048
Navigators Group, Inc.		902		82,957
Horace Mann Educators Corp.		2,415		81,603
Encore Capital Group, Inc.^*		3,247		76,402
American Equity Investment Life Holding Co.		4,019		57,271
Total Financial				1,677,462
Basic Materials - 6.8%
Century Aluminum Co.^*		85,690		542,418
PH Glatfelter Co.		10,229		200,079
Chemours Co.		23,594		194,414
Materion Corp.		5,233		129,569
Clearwater Paper Corp.^*		1,605		104,919
Innophos Holdings, Inc.		2,194		92,609
A. Schulman, Inc.		3,132		76,483
Stepan Co.		1,122		66,793
Intrepid Potash, Inc.^*		37,397		53,852
Total Basic Materials				1,461,136
Technology - 3.1%
Insight Enterprises, Inc.^*		7,389		192,114
ManTech International Corp. — Class A		3,385		128,020
Ciber, Inc.^*		71,731		107,597
Kulicke & Soffa Industries, Inc.^*		5,870		71,438
Engility Holdings, Inc.^*		3,101		65,493
CACI International, Inc. — Class A^*		695		62,835
Brooks Automation, Inc.		4,383		49,177
Total Technology				676,674
Communications - 3.0%
Iridium Communications, Inc.^*		15,063		133,759
Black Box Corp.		8,041		105,177
FTD Companies, Inc.^*		3,801		94,873
Comtech Telecommunications Corp.		5,986		76,860
Blucora, Inc.^*		6,829		70,748
Scholastic Corp.		1,640		64,960
Gannett Company, Inc.		4,639		64,065
Sizmek, Inc.^*		15,033		34,426
Total Communications				644,868
Total Common Stocks
(Cost $20,198,180)				22,035,625

	Face Amount
REPURCHASE AGREEMENTS^††,1 - 0.7%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	81,220		81,220
Royal Bank of Canada issued 06/30/16 at 0.33% due 07/01/16		69,051		69,051
Total Repurchase Agreements
(Cost $150,271)				150,271
Total Investments - 102.6%
(Cost $20,348,451)			$	22,185,896
Other Assets & Liabilities, net - (2.6)%				(556,507	)
Total Net Assets - 100.0%			$	21,629,389

*	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 Agreements — See Note 4.

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 2		Level 3		Total
Common Stocks	$	22,035,625	$	—	$	—	$	22,035,625
Repurchase Agreements		—		150,271		—		150,271
Total	$	22,035,625	$	150,271	$	—	$	22,185,896

For the period ended June 30, 2016, there were no transfers between levels.

Strengthening Dollar 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
MUTUAL FUNDS^† - 9.0%
Guggenheim Strategy Fund I¹		38,672	$	963,312
Guggenheim Strategy Fund II¹		38,774		961,990
Total Mutual Funds
(Cost $1,920,050)				1,925,302

	Face Amount
U.S. TREASURY BILLS^†^† - 2.3%
U.S. Treasury Bill
0.00% due 07/14/16²	$	500,000		499,978
Total U.S. Treasury Bills
(Cost $499,961)				499,978

REPURCHASE AGREEMENTS^††,3 - 81.6%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16		9,214,628		9,214,628
Royal Bank of Canada issued 06/30/16 at 0.33% due 07/01/16		7,834,000		7,834,000
UMB Financial Corp. issued 06/30/16 at 0.26% due 07/01/16⁴		337,744		337,744
Total Repurchase Agreements
(Cost $17,386,372)				17,386,372
Total Investments - 93.0%
(Cost $19,806,383)			$	19,811,652
Other Assets & Liabilities, net - 7.0%				1,492,647
Total Net Assets - 100.0%			$	21,304,299

	Contracts		Unrealized Gain
CURRENCY FUTURES CONTRACTS PURCHASED^†
September 2016 U.S. Dollar Index Futures Contracts (Aggregate Value of Contracts $39,844,150)		415	$	926,452

	Units
OTC CURRENCY INDEX SWAP AGREEMENTS^††
Goldman Sachs International September 2016 U.S. Dollar Index Swap 0.66%⁵, Terminating 09/14/16 (Notional Value $2,841,593)		29,627	$	47,623

^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Affiliated issuer — See Note 5.
²	Zero coupon rate security.
³	Repurchase Agreements — See Note 4.
⁴	All or a portion of this security is pledged as currency index swap collateral at June 30, 2016.
⁵	Total Return based on U.S. Dollar Index +/- financing at a variable rate. Rate indicated is the rate effective at June 30, 2016.

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 1 - Other*		Level 2		Level 2 - Other*		Level 3		Total
Currency Futures Contracts	$	—	$	926,452	$	—	$	—	$	—	$	926,452
Currency Index Swap Agreements		—		—		—		47,623		—		47,623
Mutual Funds		1,925,302		—		—		—		—		1,925,302
Repurchase Agreements		—		—		17,386,372		—		—		17,386,372
U.S. Treasury Bills		—		—		499,978		—		—		499,978
Total	$	1,925,302	$	926,452	$	17,886,350	$	47,623	$	—	$	20,785,727

* Other financial instruments include futures contracts and/or swaps, which are reported as unrealized gain/loss at period end.

For the period ended June 30, 2016, there were no transfers between levels.

Technology Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 99.1%
Software - 23.6%
Microsoft Corp.		14,295	$	731,475
Oracle Corp.		11,908		487,394
salesforce.com, Inc.^*		3,312		263,006
Adobe Systems, Inc.^*		2,608		249,820
Intuit, Inc.		1,996		222,774
NetEase, Inc. ADR		1,040		200,949
Activision Blizzard, Inc.		4,929		195,336
Fiserv, Inc.^*		1,666		181,144
Fidelity National Information Services, Inc.		2,423		178,527
VMware, Inc. — Class A^*		3,078		176,123
Paychex, Inc.		2,924		173,978
Electronic Arts, Inc.^*		2,291		173,566
Check Point Software Technologies Ltd.^*		1,830		145,814
Workday, Inc. — Class A^*		1,810		135,153
CA, Inc.		4,073		133,717
SAP SE ADR		1,728		129,635
Red Hat, Inc.^*		1,767		128,284
Citrix Systems, Inc.^*		1,571		125,821
Autodesk, Inc.^*		2,277		123,277
Akamai Technologies, Inc.^*		2,055		114,937
ServiceNow, Inc.^*		1,700		112,880
Ultimate Software Group, Inc.^*		532		111,874
First Data Corp. — Class A^*		10,105		111,863
ANSYS, Inc.^*		1,200		108,900
CDK Global, Inc.		1,934		107,317
Jack Henry & Associates, Inc.		1,220		106,469
Broadridge Financial Solutions, Inc.		1,540		100,408
Tyler Technologies, Inc.^*		580		96,692
NetSuite, Inc.^*		1,240		90,272
SS&C Technologies Holdings, Inc.		3,050		85,644
Nuance Communications, Inc.^*		4,840		75,649
PTC, Inc.^*		1,943		73,018
Qlik Technologies, Inc.^*		2,350		69,513
Tableau Software, Inc. — Class A^*		1,420		69,466
j2 Global, Inc.		1,090		68,855
Aspen Technology, Inc.^*		1,660		66,798
Take-Two Interactive Software, Inc.^*		1,750		66,360
Proofpoint, Inc.^*		1,040		65,614
Rackspace Hosting, Inc.^*		2,763		57,636
Total Software				5,915,958
Internet - 18.2%
Alphabet, Inc. — Class A^*		1,181		830,870
Facebook, Inc. — Class A^*		5,743		656,309
Alibaba Group Holding Ltd. ADR^*		3,700		294,261
Baidu, Inc. ADR^*		1,416		233,852
Yahoo!, Inc.^*		5,742		215,670
LinkedIn Corp. — Class A^*		1,045		197,766
eBay, Inc.^*		7,994		187,140
Expedia, Inc.		1,450		154,135
MercadoLibre, Inc.		1,063		149,532
Qihoo 360 Technology Company Ltd. ADR^*		1,924		140,548
SINA Corp.^*		2,597		134,706
58.com, Inc. ADR^*		2,910		133,540
Yandex N.V. — Class A^*		5,978		130,619
Symantec Corp.		6,151		126,342
Twitter, Inc.^*		7,372		124,661
VeriSign, Inc.^*		1,353		116,980
F5 Networks, Inc.^*		938		106,782
CDW Corp.		2,368		94,909
Splunk, Inc.^*		1,720		93,190
IAC/InterActiveCorp		1,460		82,198
Pandora Media, Inc.^*		5,079		63,234
GrubHub, Inc.^*		1,940		60,276
Yelp, Inc. — Class A^*		1,940		58,898
FireEye, Inc.^*		3,530		58,139
WebMD Health Corp. — Class A^*		980		56,948
Stamps.com, Inc.^*		530		46,333
Total Internet				4,547,838
Semiconductors - 17.6%
Intel Corp.		14,179		465,072
QUALCOMM, Inc.		6,020		322,492
Texas Instruments, Inc.		4,620		289,443
Broadcom Ltd.		1,526		237,140
Taiwan Semiconductor Manufacturing Company Ltd. ADR		7,257		190,351
Applied Materials, Inc.		7,853		188,236
NVIDIA Corp.		3,845		180,753
NXP Semiconductor N.V.^*		2,197		172,113
Analog Devices, Inc.		2,680		151,795
Micron Technology, Inc.^*		10,829		149,007
ARM Holdings plc ADR		3,190		145,177
ASML Holding N.V. — Class G		1,418		140,680
Lam Research Corp.		1,594		133,992
Marvell Technology Group Ltd.		13,337		127,102
Skyworks Solutions, Inc.		1,973		124,851
Xilinx, Inc.		2,665		122,936
KLA-Tencor Corp.		1,678		122,914
Linear Technology Corp.		2,566		119,396
Microchip Technology, Inc.		2,343		118,931
Maxim Integrated Products, Inc.		3,201		114,244
Qorvo, Inc.^*		1,747		96,539
IPG Photonics Corp.^*		1,000		80,000
Teradyne, Inc.		3,828		75,373
Microsemi Corp.^*		2,121		69,314
ON Semiconductor Corp.^*		7,789		68,699
Cypress Semiconductor Corp.		6,422		67,752
Cavium, Inc.^*		1,560		60,216
Cirrus Logic, Inc.^*		1,547		60,008
Integrated Device Technology, Inc.^*		2,907		58,518
Cree, Inc.^*		2,295		56,090
Synaptics, Inc.^*		982		52,783
Ambarella, Inc.^*		980		49,794
Total Semiconductors				4,411,711
Computers - 16.7%
Apple, Inc.		8,582		820,439
International Business Machines Corp.		2,898		439,857
EMC Corp.		9,649		262,163

Technology Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 99.1% (continued)
Computers - 16.7% (continued)
Cognizant Technology Solutions Corp. — Class A^*		3,666	$	209,841
Accenture plc — Class A		1,827		206,981
Hewlett Packard Enterprise Co.		10,865		198,504
HP, Inc.		13,235		166,099
Infosys Ltd. ADR		7,670		136,910
Western Digital Corp.		2,835		133,972
BlackBerry Ltd.^*		18,405		123,498
Amdocs Ltd.		1,870		107,936
Synopsys, Inc.^*		1,950		105,456
Seagate Technology plc		4,183		101,898
Cadence Design Systems, Inc.^*		4,048		98,366
NetApp, Inc.		3,936		96,786
Computer Sciences Corp.		1,906		94,633
Fortinet, Inc.^*		2,627		82,987
Manhattan Associates, Inc.^*		1,280		82,086
DST Systems, Inc.		650		75,680
Brocade Communications Systems, Inc.		8,210		75,368
CSRA, Inc.		3,150		73,805
MAXIMUS, Inc.		1,310		72,535
Leidos Holdings, Inc.		1,500		71,805
EPAM Systems, Inc.^*		1,080		69,455
NCR Corp.^*		2,390		66,371
Teradata Corp.^*		2,535		63,552
Lexmark International, Inc. — Class A		1,470		55,493
VeriFone Systems, Inc.^*		2,780		51,541
3D Systems Corp.^*		3,347		45,820
Total Computers				4,189,837
Commercial Services - 5.8%
PayPal Holdings, Inc.^*		6,559		239,469
Automatic Data Processing, Inc.		2,599		238,769
FleetCor Technologies, Inc.^*		1,020		145,992
Vantiv, Inc. — Class A^*		2,170		122,822
Global Payments, Inc.		1,641		117,135
Total System Services, Inc.		2,143		113,815
Western Union Co.		5,914		113,431
Gartner, Inc.^*		1,140		111,048
Sabre Corp.		3,737		100,114
Booz Allen Hamilton Holding Corp.		2,619		77,627
WEX, Inc.^*		840		74,483
Total Commercial Services				1,454,705
Electronics - 5.0%
Corning, Inc.		8,449		173,035
Amphenol Corp. — Class A		2,661		152,555
TE Connectivity Ltd.		2,571		146,830
Arrow Electronics, Inc.^*		1,426		88,270
Flextronics International Ltd.^*		7,377		87,048
Trimble Navigation Ltd.^*		3,534		86,088
FEI Co.		780		83,366
Avnet, Inc.		2,014		81,587
Keysight Technologies, Inc.^*		2,778		80,812
FLIR Systems, Inc.		2,420		74,899
Jabil Circuit, Inc.		3,672		67,822
Fitbit, Inc. — Class A^*		4,970		60,733
Tech Data Corp.^*		823		59,133
Total Electronics				1,242,178
Telecommunications - 4.9%
Cisco Systems, Inc.		15,192		435,858
Nokia Oyj ADR		24,551		139,695
Palo Alto Networks, Inc.^*		1,050		128,772
Motorola Solutions, Inc.		1,839		121,319
Juniper Networks, Inc.		4,713		105,996
CommScope Holding Company, Inc.^*		2,778		86,201
Arista Networks, Inc.^*		1,170		75,325
ARRIS International plc^*		3,295		69,063
Ciena Corp.^*		2,955		55,406
Total Telecommunications				1,217,635
Diversified Financial Services - 4.1%
Visa, Inc. — Class A		6,425		476,542
MasterCard, Inc. — Class A		3,977		350,215
Alliance Data Systems Corp.^*		659		129,111
Ellie Mae, Inc.^*		740		67,821
Total Diversified Financial Services				1,023,689
Auto Parts & Equipment - 0.7%
Mobileye N.V.^*		3,946		182,069
Aerospace & Defense - 0.5%
Harris Corp.		1,490		124,326
Office & Business Equipment - 0.5%
Xerox Corp.		11,831		112,276
Media - 0.4%
FactSet Research Systems, Inc.		610		98,466
Energy-Alternate Sources - 0.3%
First Solar, Inc.^*		1,741		84,404
Distribution & Wholesale - 0.3%
Ingram Micro, Inc. — Class A		2,372		82,498
Electrical Components & Equipment - 0.3%
Belden, Inc.		1,061		64,053
Machinery-Diversified - 0.2%
Zebra Technologies Corp. — Class A^*		1,190		59,619
Total Common Stocks
(Cost $20,853,811)				24,811,262

	Face Amount
REPURCHASE AGREEMENT^††,1 - 0.9%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	217,157		217,157
Total Repurchase Agreement
(Cost $217,157)				217,157
Total Investments - 100.0%
(Cost $21,070,968)			$	25,028,419
Other Assets & Liabilities, net - 0.0%				(4,932	)
Total Net Assets - 100.0%			$	25,023,487

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

Technology Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

^††	Value determined based on Level 2 inputs — See Note 3.
¹	Repurchase Agreement — See Note 4.
	ADR — American Depositary Receipt plc — Public Limited Company

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 2		Level 3		Total
Common Stocks	$	24,811,262	$	—	$	—	$	24,811,262
Repurchase Agreement		—		217,157		—		217,157
Total	$	24,811,262	$	217,157	$	—	$	25,028,419

For the period ended June 30, 2016, there were no transfers between levels.

Telecommunications Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 99.6%
Telecommunications - 79.2%
AT&T, Inc.		122,649	$	5,299,664
Verizon Communications, Inc.		86,731		4,843,059
Cisco Systems, Inc.		131,986		3,786,678
T-Mobile US, Inc.^*		44,666		1,932,699
Sprint Corp.^*		333,176		1,509,287
Level 3 Communications, Inc.^*		26,780		1,378,902
CenturyLink, Inc.		44,314		1,285,549
Motorola Solutions, Inc.		16,110		1,062,776
Palo Alto Networks, Inc.^*		8,271		1,014,355
Juniper Networks, Inc.		41,054		923,304
Zayo Group Holdings, Inc.^*		29,988		837,565
Vodafone Group plc ADR		26,624		822,415
America Movil SAB de CV — Class L ADR		63,539		778,988
CommScope Holding Company, Inc.^*		24,333		755,053
Frontier Communications Corp.		150,269		742,329
China Mobile Ltd. ADR		12,409		718,481
Nokia Oyj ADR		123,632		703,466
Telefonica Brasil S.A. ADR		48,967		665,951
BCE, Inc.		13,074		618,531
EchoStar Corp. — Class A^*		15,576		618,368
Arista Networks, Inc.^*		9,576		616,503
ARRIS International plc^*		28,617		599,812
ViaSat, Inc.^*		8,274		590,764
Telephone & Data Systems, Inc.		19,833		588,247
SK Telecom Company Ltd. ADR		28,080		587,434
TIM Participacoes S.A. ADR		54,205		571,863
Ubiquiti Networks, Inc.^*		14,641		566,021
Telefonaktiebolaget LM Ericsson ADR		73,437		563,996
Chunghwa Telecom Company Ltd. ADR		14,890		540,507
Rogers Communications, Inc. — Class B		13,164		531,826
Telefonica S.A. ADR		54,484		516,508
Ciena Corp.^*		25,917		485,944
Finisar Corp.^*		24,457		428,242
InterDigital, Inc.		7,566		421,275
NETGEAR, Inc.^*		8,181		388,925
Infinera Corp.^*		34,206		385,844
Viavi Solutions, Inc.^*		57,234		379,461
Consolidated Communications Holdings, Inc.		13,838		376,947
Plantronics, Inc.		8,519		374,836
ADTRAN, Inc.		16,315		304,275
Iridium Communications, Inc.^*		33,971		301,662
Windstream Holdings, Inc.		32,418		300,515
Polycom, Inc.^*		20,551		231,199
Total Telecommunications				40,950,026
Semiconductors - 5.4%
QUALCOMM, Inc.		52,284		2,800,853
Computers - 3.9%
Brocade Communications Systems, Inc.		71,325		654,764
BlackBerry Ltd.^*		76,288		511,892
NetScout Systems, Inc.^*		20,379		453,433
Lumentum Holdings, Inc.^*		14,974		362,371
Total Computers				1,982,460
REITs - 3.7%
Crown Castle International Corp.		18,884		1,915,404
Internet - 3.1%
F5 Networks, Inc.^*		7,414		844,010
Cogent Communications Holdings, Inc.		10,137		406,088
8x8, Inc.^*		25,112		366,886
Total Internet				1,616,984
Engineering & Construction - 2.3%
SBA Communications Corp. — Class A^*		11,118		1,200,077
Aerospace & Defense - 2.0%
Harris Corp.		12,350		1,030,484
Total Common Stocks
(Cost $48,590,827)				51,496,288

RIGHTS^†^†† - 0.0%
Leap Wireless International, Inc.
Expires 03/06/17		1,848		–
Total Rights
(Cost $4,327)				–

	Face Amount
REPURCHASE AGREEMENT^††,1 - 0.6%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	323,430		323,430
Total Repurchase Agreement
(Cost $323,430)				323,430
Total Investments - 100.2%
(Cost $48,918,584)			$	51,819,718
Other Assets & Liabilities, net - (0.2)%				(79,234	)
Total Net Assets - 100.0%			$	51,740,484

*	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	Repurchase Agreement — See Note 4.
	ADR — American Depositary Receipt plc — Public Limited Company

See Sector Classification in Other Information section.

Telecommunications Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 2		Level 3		Total
Common Stocks	$	51,496,288	$	—	$	—	$	51,496,288
Repurchase Agreement		—		323,430		—		323,430
Rights		—		—		—		—
Total	$	51,496,288	$	323,430	$	—	$	51,819,718

For the period ended June 30, 2016, there were no transfers between levels.

Transportation Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 99.2%
Transportation - 40.6%
United Parcel Service, Inc. — Class B		8,238	$	887,397
Union Pacific Corp.		8,879		774,692
FedEx Corp.		3,626		550,354
Norfolk Southern Corp.		5,296		450,848
CSX Corp.		17,113		446,307
CH Robinson Worldwide, Inc.		4,006		297,446
Canadian Pacific Railway Ltd.		2,237		288,103
Kansas City Southern		3,193		287,657
J.B. Hunt Transport Services, Inc.		3,399		275,081
Expeditors International of Washington, Inc.		5,519		270,652
Canadian National Railway Co.		3,660		216,160
Old Dominion Freight Line, Inc.^*		3,418		206,140
Genesee & Wyoming, Inc. — Class A^*		2,761		162,761
Ryder System, Inc.		2,630		160,798
Kirby Corp.^*		2,530		157,847
XPO Logistics, Inc.^*		5,982		157,087
Landstar System, Inc.		2,276		156,270
Knight Transportation, Inc.		4,979		132,342
Swift Transportation Co. — Class A^*		8,112		125,006
Werner Enterprises, Inc.		4,977		114,322
Heartland Express, Inc.		6,152		106,983
Matson, Inc.		3,265		105,427
Forward Air Corp.		2,360		105,091
Hub Group, Inc. — Class A^*		2,694		103,369
Atlas Air Worldwide Holdings, Inc.^*		2,203		91,248
Echo Global Logistics, Inc.^*		3,238		72,596
Total Transportation				6,701,984
Airlines - 18.2%
Delta Air Lines, Inc.		13,134		478,472
Southwest Airlines Co.		11,616		455,463
American Airlines Group, Inc.		13,031		368,908
United Continental Holdings, Inc.^*		8,148		334,394
Alaska Air Group, Inc.		4,167		242,894
JetBlue Airways Corp.^*		12,805		212,051
Copa Holdings S.A. — Class A		3,367		175,959
Spirit Airlines, Inc.^*		3,744		167,993
Ryanair Holdings plc ADR		2,196		152,710
Allegiant Travel Co. — Class A		943		142,865
Virgin America, Inc.^*		2,501		140,581
Hawaiian Holdings, Inc.^*		3,511		133,278
Total Airlines				3,005,568
Auto Parts & Equipment - 16.0%
Johnson Controls, Inc.		10,884		481,726
Delphi Automotive plc		5,216		326,522
Lear Corp.		2,288		232,827
Goodyear Tire & Rubber Co.		8,897		228,297
BorgWarner, Inc.		7,293		215,289
Autoliv, Inc.		1,725		185,351
Magna International, Inc.		5,150		180,611
Tenneco, Inc.^*		2,968		138,338
Dorman Products, Inc.^*		2,251		128,757
Visteon Corp.		1,931		127,079
Cooper Tire & Rubber Co.		3,795		113,167
Dana Holding Corp.		9,992		105,516
Gentherm, Inc.^*		2,790		95,558
American Axle & Manufacturing Holdings, Inc.^*		6,196		89,718
Total Auto Parts & Equipment				2,648,756
Auto Manufacturers - 15.6%
Ford Motor Co.		49,029		616,295
General Motors Co.		20,668		584,904
Tesla Motors, Inc.^*		2,331		494,825
Tata Motors Ltd. ADR		5,926		205,454
Toyota Motor Corp. ADR		1,813		181,282
Fiat Chrysler Automobiles N.V.		28,592		174,983
Ferrari N.V.		3,998		163,638
Honda Motor Company Ltd. ADR		6,378		161,555
Total Auto Manufacturers				2,582,936
Commercial Services - 3.6%
Macquarie Infrastructure Corp.		3,062		226,741
Herc Holdings, Inc.^*		18,240		201,917
Avis Budget Group, Inc.^*		4,954		159,667
Total Commercial Services				588,325
Leisure Time - 1.6%
Harley-Davidson, Inc.		5,668		256,760
Trucking & Leasing - 1.5%
AMERCO		660		247,203
Electronics - 1.1%
Gentex Corp.		12,028		185,833
Home Builders - 1.0%
Thor Industries, Inc.		2,573		166,576
Total Common Stocks
(Cost $9,538,598)				16,383,941

	Face Amount
REPURCHASE AGREEMENT^††,1 - 0.4%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	62,892		62,892
Total Repurchase Agreement
(Cost $62,892)				62,892
Total Investments - 99.6%
(Cost $9,601,490)			$	16,446,833
Other Assets & Liabilities, net - 0.4%				64,074
Total Net Assets - 100.0%			$	16,510,907

*	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 Agreements — See Note 4.
	ADR — American Depositary Receipt plc — Public Limited Company

See Sector Classification in Other Information section.

Transportation Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 2		Level 3		Total
Common Stocks	$	16,383,941	$	—	$	—	$	16,383,941
Repurchase Agreement		—		62,892		—		62,892
Total	$	16,383,941	$	62,892	$	—	$	16,446,833

For the period ended June 30, 2016, there were no transfers between levels.

U.S. Government Money Market Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Face Amount		Value
FEDERAL AGENCY DISCOUNT NOTES^†† - 51.1%
Fannie Mae¹
0.16% due 07/05/16	$	200,000,000	$	199,995,556
Total Fannie Mae				199,995,556
Federal Home Loan Bank²
0.40% due 09/14/16		50,000,000		49,957,812
0.37% due 09/19/16		50,000,000		49,957,778
0.32% due 08/26/16		45,000,000		44,977,040
0.50% due 12/14/16		6,000,000		5,986,167
0.53% due 11/18/16		4,060,000		4,051,632
Total Federal Home Loan Bank				154,930,429
Farmer Mac²
0.20% due 07/01/16		50,000,000		50,000,000
Total Federal Agency Discount Notes
(Cost $404,925,985)				404,925,985

FEDERAL AGENCY NOTES^†† - 29.7%
Federal Home Loan Bank²
0.49% due 06/28/17³		60,000,000		60,000,000
0.51% due 03/23/17³		50,000,000		49,999,504
0.47% due 07/26/16³		25,000,000		25,002,242
Total Federal Home Loan Bank				135,001,746
Federal Farm Credit Bank²
0.55% due 07/01/16³		25,000,000		25,000,000
0.47% due 02/21/17³		20,000,000		20,000,000
0.52% due 08/12/16³		9,400,000		9,400,876
Total Federal Farm Credit Bank				54,400,876
Farmer Mac²
0.50% due 05/11/17³		45,000,000		44,996,739
Total Federal Agency Notes
(Cost $234,399,361)				234,399,361

U.S. GOVERNMENT SECURITIES^†^† - 0.3%
U.S. Treasury Notes
0.33% due 07/31/16³		2,107,000		2,107,078
Total U.S. Government Securities
(Cost $2,107,078)				2,107,078

COMMERCIAL PAPER^†† - 16.6%
Koch Resources LLC
0.44% due 07/07/16		15,000,000		14,998,899
Cargill Inc
0.35% due 07/08/16		15,000,000		14,998,833
BNP Paribas SA/New York NY
0.40% due 07/08/16		15,000,000		14,998,819
Wal-Mart Stores Inc
0.35% due 07/11/16		15,000,000		14,998,542
AllianceBernstein LP
0.54% due 07/08/16		15,000,000		14,998,425
Bank of Tokyo-Mitsubishi UFJ Ltd/New York NY
0.43% due 07/27/16		15,000,000		14,995,342
NSTAR Electric Co
0.42% due 07/07/16		14,000,000		13,999,020
0.47% due 07/07/16		540,000		539,958
Total NSTAR Electric Co				14,538,978
Hershey Co/The
0.45% due 07/29/16		10,000,000		9,996,500
CPPIB Capital Inc
0.45% due 07/25/16		8,750,000		8,747,375
BMW US Capital LLC
0.40% due 07/29/16		5,000,000		4,998,444
Intercontinental Exchange Inc
0.53% due 07/27/16		3,000,000		2,998,852
Total Commercial Paper
(Cost $131,269,009)				131,269,009

REPURCHASE AGREEMENTS^†† - 38.0%
Individual Repurchase Agreement
Royal Bank of Canada issued 06/30/16 at 0.33% due 07/01/16 (secured by U.S. TIP Notes, 0.13% - 0.63% 04/15/20 – 07/15/21 with a value of $264,211,450) to be repurchased at $259,033,187		259,030,812		259,030,812
Joint Repurchase Agreements⁴
Royal Bank of Canada issued 06/30/16 at 0.33% due 07/01/16		18,797,177		18,797,177
HSBC Group issued 06/30/16 at 0.26% due 07/01/16		22,109,907		22,109,907
Total Repurchase Agreements
(Cost $299,937,896)				299,937,896
Total Investments - 135.7%
(Cost $1,072,639,329)			$	1,072,639,329
Other Assets & Liabilities, net - (35.7)%				(282,469,286	)
Total Net Assets - 100.0%			$	790,170,043

^††	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	Variable rate security. Rate indicated is rate effective at June 30, 2016.
⁴	Repurchase Agreements — See Note 4.

See Sector Classification in Other Information section.

U.S. Government Money Market Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 2		Level 3		Total
Commercial Paper	$	—	$	131,269,009	$	—	$	131,269,009
Federal Agency Discount Notes		—		404,925,985		—		404,925,985
Federal Agency Notes		—		234,399,361		—		234,399,361
Repurchase Agreements		—		299,937,896		—		299,937,896
U.S. Government Securities		—		2,107,078		—		2,107,078
Total	$	—	$	1,072,639,329	$	—	$	1,072,639,329

For the period ended June 30, 2016, there were no transfers between levels.

Utilities Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
COMMON STOCKS^† - 99.2%
Electric - 73.5%
NextEra Energy, Inc.		34,119	$	4,449,117
Duke Energy Corp.		51,241		4,395,964
Southern Co.		76,415		4,098,135
Dominion Resources, Inc.		51,382		4,004,199
Exelon Corp.		93,107		3,385,371
American Electric Power Company, Inc.		48,245		3,381,492
PG&E Corp.		49,895		3,189,288
Edison International		37,399		2,904,780
Consolidated Edison, Inc.		35,048		2,819,261
Public Service Enterprise Group, Inc.		60,096		2,801,075
PPL Corp.		74,138		2,798,710
Xcel Energy, Inc.		61,343		2,746,940
WEC Energy Group, Inc.		39,636		2,588,231
Eversource Energy		42,103		2,521,970
DTE Energy Co.		24,643		2,442,614
Entergy Corp.		26,940		2,191,569
Avangrid, Inc.		47,575		2,191,305
FirstEnergy Corp.		62,611		2,185,750
Ameren Corp.		38,693		2,073,171
CMS Energy Corp.		44,924		2,060,215
SCANA Corp.		25,201		1,906,708
Pinnacle West Capital Corp.		21,240		1,721,714
Alliant Energy Corp.		43,090		1,710,673
AES Corp.		136,307		1,701,111
Westar Energy, Inc.		28,514		1,599,350
ITC Holdings Corp.		32,828		1,537,007
OGE Energy Corp.		45,596		1,493,269
TECO Energy, Inc.		51,987		1,436,921
Calpine Corp.^*		92,728		1,367,739
NRG Energy, Inc.		87,268		1,308,147
MDU Resources Group, Inc.		52,266		1,254,384
Great Plains Energy, Inc.		41,034		1,247,434
IDACORP, Inc.		14,570		1,185,270
Portland General Electric Co.		25,747		1,135,958
Hawaiian Electric Industries, Inc.		31,697		1,039,345
ALLETE, Inc.		15,954		1,031,107
Black Hills Corp.		16,261		1,025,093
NRG Yield, Inc. — Class C		64,412		1,004,183
Korea Electric Power Corp. ADR		38,340		994,156
NorthWestern Corp.		15,751		993,416
Avista Corp.		21,745		974,176
PNM Resources, Inc.		27,353		969,390
Atlantica Yield plc		50,294		934,463
Enersis Americas S.A. ADR		107,375		921,278
Dynegy, Inc.^*		51,702		891,342
El Paso Electric Co.		16,847		796,358
Talen Energy Corp.^*		55,104		746,659
Empire District Electric Co.		20,261		688,266
Total Electric				92,844,074
Gas - 19.4%
Sempra Energy		26,946		3,072,383
CenterPoint Energy, Inc.		76,888		1,845,312
NiSource, Inc.		63,035		1,671,688
Atmos Energy Corp.		20,517		1,668,442
AGL Resources, Inc.		24,107		1,590,339
UGI Corp.		35,000		1,583,750
National Fuel Gas Co.		22,341		1,270,756
Piedmont Natural Gas Company, Inc.		20,778		1,249,173
Vectren Corp.		22,711		1,196,188
Questar Corp.		47,130		1,195,688
Southwest Gas Corp.		14,166		1,115,006
National Grid plc ADR		14,746		1,096,070
WGL Holdings, Inc.		15,333		1,085,423
ONE Gas, Inc.		16,229		1,080,689
New Jersey Resources Corp.		27,183		1,047,905
Spire, Inc.		14,402		1,020,238
South Jersey Industries, Inc.		28,924		914,577
Northwest Natural Gas Co.		11,774		763,191
Total Gas				24,466,818
Water - 5.0%
American Water Works Company, Inc.		26,696		2,256,079
Aqua America, Inc.		40,542		1,445,728
Cia de Saneamento Basico do Estado de Sao Paulo ADR		129,979		1,164,612
California Water Service Group		21,900		764,967
American States Water Co.		16,770		734,861
Total Water				6,366,247
Energy-Alternate Sources - 1.3%
TerraForm Power, Inc. — Class A^*		78,333		853,829
Pattern Energy Group, Inc.		33,707		774,250
Total Energy-Alternate Sources				1,628,079
Pipelines - 0.0%
Kinder Morgan, Inc.		1		19
Total Common Stocks
(Cost $105,011,513)				125,305,237

	Face Amount
REPURCHASE AGREEMENT^††,1 - 0.4%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	545,371		545,371
Total Repurchase Agreement
(Cost $545,371)				545,371
Total Investments - 99.6%
(Cost $105,556,884)			$	125,850,608
Other Assets & Liabilities, net - 0.4%				506,430
Total Net Assets - 100.0%			$	126,357,038

*	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

See Sector Classification in Other Information section.

Utilities Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 2		Level 3		Total
Common Stocks	$	125,305,237	$	—	$	—	$	125,305,237
Repurchase Agreement		—		545,371		—		545,371
Total	$	125,305,237	$	545,371	$	—	$	125,850,608

For the period ended June 30, 2016, there were no transfers between levels.

Weakening Dollar 2x Strategy Fund
SCHEDULE OF INVESTMENTS (Unaudited)	June 30, 2016

	Shares		Value
MUTUAL FUNDS^† - 8.5%
Guggenheim Strategy Fund II¹		5,987	$	148,547
Guggenheim Strategy Fund I¹		5,818		144,926
Total Mutual Funds
(Cost $291,983)				293,473

	Face Amount
REPURCHASE AGREEMENTS^††,2 - 93.1%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	1,572,333		1,572,333
Royal Bank of Canada issued 06/30/16 at 0.33% due 07/01/16		1,336,749		1,336,749
UMB Financial Corp. issued 06/30/16 at 0.26% due 07/01/16³		284,543		284,543
Total Repurchase Agreements
(Cost $3,193,625)				3,193,625
Total Investments - 101.6%
(Cost $3,485,608)			$	3,487,098
Other Assets & Liabilities, net - (1.6)%				(56,188	)
Total Net Assets - 100.0%			$	3,430,910

	Contracts		Unrealized Loss
CURRENCY FUTURES CONTRACTS SOLD SHORT^†
September 2016 U.S. Dollar Index Futures Contracts (Aggregate Value of Contracts $5,664,590)		59	$	(138,127	)

	Units
OTC CURRENCY INDEX SWAP AGREEMENTS SOLD SHORT^††
Goldman Sachs International September 2016 U.S. Dollar Index Swap 0.66%⁴, Terminating 09/14/16 (Notional Value $1,213,349)		12,651	$	(22,526	)

^†	Value determined based on Level 1 inputs — See Note 3.
^††	Value determined based on Level 2 inputs — See Note 3.
¹	Affiliated issuer — See Note 5.
²	Repurchase Agreements — See Note 4.
³	All or a portion of this security is pledged as currency index swap collateral at June 30, 2016.
⁴	Total Return based on U.S. Dollar Index +/- financing at a variable rate. Rate indicated is the rate effective at June 30, 2016.

See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund's investments at June 30, 2016 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1		Level 1 - Other*		Level 2		Level 2 - Other*		Level 3		Total
Mutual Funds	$	293,473	$	—	$	—	$	—	$	—	$	293,473
Repurchase Agreements		—		—		3,193,625		—		—		3,193,625
Total	$	293,473	$	—	$	3,193,625	$	—	$	—	$	3,487,098

Investments in Securities (Liabilities)	Level 1		Level 1 - Other*		Level 2		Level 2 - Other*		Level 3		Total
Currency Futures Contracts	$	—	$	138,127	$	—	$	—	$	—	$	138,127
Currency Index Swap Agreements		—		—		—		22,526		—		22,526
Total	$	—	$	138,127	$	—	$	22,526	$	—	$	160,653

* Other financial instruments include futures contracts and/or swaps, which are reported as unrealized gain/loss at period end.

For the period ended June 30, 2016, there were no transfers between levels.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

For information on the Funds' policy regarding valuation of investments and other significant accounting policies, please refer to the Funds' most recent semi-annual or annual shareholder report.

1. Significant Accounting Policies

The Funds operate as investment companies and, accordingly, follow the investment company accounting and reporting guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 946 Financial Services – Investment Companies.

The following significant accounting policies are in conformity with U.S. generally accepted accounting principles ("U.S. GAAP") and are consistently followed by the Trust. This requires management to make estimates and assumptions that affect the reported amount of assets and liabilities, contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. All time references are based on Eastern Time.

The Trust calculates a net asset value per share (“NAV”) twice each business day; at 10:45 a.m. and at the close of the New York Stock Exchange (“NYSE”), usually 4:00 p.m. for the Emerging Markets 2x Strategy Fund, Inverse Emerging Markets 2x Strategy Fund, Russell 2000^® Fund and the S&P 500^® Fund. All other Funds in this report will price at the afternoon NAV. The NAV is calculated using the current market value of each Fund’s total assets as of the respective time of calculation. These Schedule of Investments are based on the June 30, 2016, afternoon NAV.

The Board of Trustees of the Funds (the “Board”) has adopted policies and procedures for the valuation of the Funds’ investments (the “Valuation Procedures”). Pursuant to the Valuation Procedures, the Board has delegated to a valuation committee, consisting of representatives from Guggenheim’s investment management, fund administration, legal and compliance departments (the “Valuation Committee”), the day-to-day responsibility for implementing the Valuation Procedures, including, under most circumstances, the responsibility for determining the fair value of the Funds' securities and/or other assets.

Valuations of the Funds’ securities are supplied primarily by pricing services appointed pursuant to the processes set forth in the Valuation Procedures. The Valuation Committee convenes monthly, or more frequently as needed, to review the valuation of all assets which have been fair valued for reasonableness. The Funds’ officers, through the Valuation Committee and consistent with the monitoring and review responsibilities set forth in the Valuation Procedures, regularly review procedures used and valuations provided by the pricing services.

If the pricing service cannot or does not provide a valuation for a particular investment or such valuation is deemed unreliable, such investment is fair valued by the Valuation Committee.

Equity securities listed on an exchange (NYSE or American Stock Exchange) are valued at the last quoted sales price as of the close of business on the NYSE, usually 4:00 p.m. on the valuation date. Equity securities listed on the NASDAQ market system are valued at the NASDAQ Official Closing Price on the valuation date, which may not necessarily represent the last sale price. If there has been no sale on such exchange or NASDAQ on a given day, the security is valued at the closing bid price on that day.

Open-end investment companies ("mutual funds") are valued at their NAV as of the close of business, on the valuation date. Exchange-traded funds ("ETFs") are valued at the last quoted sales price.

The U.S. Government Money Market Fund values debt securities at amortized cost pursuant to Rule 2a-7 of the 1940 Act, which approximates market value.

U.S. Government securities are valued by either independent pricing services, the last traded fill price, or at the reported bid price at the close of business.

Debt securities with a maturity of greater than 60 days at acquisition are valued at prices that reflect broker-dealer supplied valuations or are obtained from independent pricing services, which may consider the trade activity, treasury spreads, yields or price of bonds of comparable quality, coupon, maturity, and type, as well as prices quoted by dealers who make markets in such securities. Short-term debt securities with a maturity of 60 days or less at acquisition are valued at amortized cost, provided such amount approximates market value.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

Repurchase agreements are valued at amortized cost, provided such amounts approximate market value.

The value of futures contracts is accounted for using the unrealized gain or loss on the contracts that is determined by marking the contracts to their current realized settlement prices. Financial futures contracts are valued at the 4:00 p.m. price on the valuation date. In the event that the exchange for a specific futures contract closes earlier than 4:00 p.m., the futures contract is valued at the Official Settlement Price of the exchange. However, the underlying securities from which the futures contract value is derived are monitored until 4:00 p.m. to determine if fair valuation would provide a more accurate valuation.

The values of OTC swap agreements and credit default swap agreements entered into by a Fund are accounted for using the unrealized gains or losses on the agreements that are determined by marking the agreements to the last quoted value of the index that the swaps pertain to at the close of the NYSE. The swaps' values are then adjusted to include dividends accrued, financing charges and/or interest associated with the swap agreements.

The value of currency index swap agreements entered into by a Fund is accounted for using the unrealized gain or loss on the agreements that is determined by marking the agreements to the broker quote.

Investments for which market quotations are not readily available are fair-valued as determined in good faith by GI under the direction of the Board using methods established or ratified by the Board. Valuations in accordance with these methods are intended to reflect each security’s (or asset’s) “fair value.” Each such determination is based on a consideration of all relevant factors, which are likely to vary from one pricing context to another. Examples of such factors may include, but are not limited to: (i) the type of security, (ii) the initial cost of the security, (iii) the existence of any contractual restrictions on the security’s disposition, (iv) the price and extent of public trading in similar securities of the issuer or of comparable companies, (v) quotations or evaluated prices from broker-dealers and/or pricing services, (vi) information obtained from the issuer, analysts, and/or the appropriate stock exchange (for exchange-traded securities), (vii) an analysis of the company’s financial statements, and (viii) an evaluation of the forces that influence the issuer and the market(s) in which the security is purchased and sold (e.g. the existence of pending merger activity, public offerings or tender offers that might affect the value of the security).

In connection with futures contracts and other derivative investments, such factors may include obtaining information as to how (a) these contracts and other derivative investments trade in the futures or other derivative markets, respectively, and (b) the securities underlying these contracts and other derivative investments trade in the cash market.

Under the Funds’ organizational documents, the Trustees and Officers are indemnified against certain liabilities arising out of the performance of their duties to the Trust. In addition, throughout the normal course of business, the Funds enter into contracts that contain a variety of representations and warranties which provide general indemnifications. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds and/or their affiliates that have not yet occurred. However, based on experience, the Funds expect the risk of loss to be remote.

2. Financial Instruments and Derivatives

As part of their investment strategy, the Funds utilize short sales and a variety of derivative instruments. These investments involve, to varying degrees, elements of market risk. Valuation and accounting treatment of these instruments can be found under Significant Accounting Policies in Note 1 of these Notes to Schedule of Investments.

Short Sales

A short sale is a transaction in which a Fund sells a security it does not own. If the security sold short decreases in price between the time the Fund sells the security and closes its short position, the Fund will realize a gain on the transaction. Conversely, if the security increases in price during the period, the Fund will realize a loss on the transaction. The risk of such price increases is the principal risk of engaging in short sales.

Derivatives

Derivatives are instruments whose values depend on, or are derived from, in whole or in part, the value of one or more other assets, such as securities, currencies, commodities or indices. Derivative instruments may be used to increase investment flexibility (including to maintain cash reserves while maintaining exposure to certain other assets), for risk management (hedging) purposes, to facilitate trading, to reduce transaction costs and to pursue higher investment returns. Derivative instruments may also be used to mitigate certain investment risks, such as foreign currency exchange rate risk, interest rate risk and credit risk. U.S. GAAP requires disclosures to enable investors to better understand how and why a Fund uses derivative instruments, how these derivative instruments are accounted for and their effects on the Fund’s financial position and results of operations. The Funds may utilize derivatives for the following purposes:

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

Duration: the use of an instrument to manage the interest rate risk of a portfolio.

Index Exposure: the use of an instrument to obtain exposure to a listed or other type of index.

Leverage: gaining total exposure to equities or other assets on the long and short sides at greater than 100% of invested capital.

Liquidity: the ability to buy or sell exposure with little price/market impact.

For any Fund whose investment strategy consistently involves applying leverage, the value of the Fund’s shares will tend to increase or decrease more than the value of any increase or decrease in the underlying index or other asset. In addition, because an investment in derivative instruments generally requires a small investment relative to the amount of investment exposure assumed, an opportunity for increased net income is created; but, at the same time, leverage risk will increase. The Fund’s use of leverage, through borrowings or instruments such as derivatives, may cause the Fund to be more volatile and riskier than if they had not been leveraged.

Futures

A futures contract is an agreement to purchase (long) or sell (short) an agreed amount of securities or other instruments at a set price for delivery at a future date. There are significant risks associated with a Fund's use of futures contracts, including (i) there may be an imperfect or no correlation between the changes in market value of the underlying asset and the prices of futures contracts; (ii) there may not be a liquid secondary market for a futures contract; (iii) trading restrictions or limitations may be imposed by an exchange; and (iv) government regulations may restrict trading in futures contracts. When investing in futures, there is minimal counterparty credit risk to a Fund because futures are exchange-traded and the exchange’s clearinghouse, as counterparty to all exchange-traded futures, guarantees against default. Cash deposits are shown as segregated cash with broker; securities held as collateral are noted on the Schedules of Investments.

The following table represents the Funds’ use and volume of futures on a quarterly basis:

		Average Notional
Fund	Use	Long		Short
Dow Jones Industrial Average^® Fund	Index exposure, Liquidity	$	1,911,493	$	–
Emerging Markets 2x Strategy Fund	Index exposure, Leverage, Liquidity		1,157,618		–
Emerging Markets Bond Strategy Fund	Duration, Index exposure, Leverage, Liquidity		566,619		–
Europe 1.25x Strategy Fund	Index exposure, Leverage, Liquidity		7,375,864		–
Event Driven and Distressed Strategies Fund	Duration, Index exposure, Liquidity		4,604,081		–
Government Long Bond 1.2x Strategy Fund	Duration, Index exposure, Leverage, Liquidity		65,836,484		–
High Yield Strategy Fund	Duration, Index exposure, Liquidity		201,250,436		–
Inverse Emerging Markets 2x Strategy Fund	Index exposure, Leverage, Liquidity		–		3,091,798
Inverse Government Long Bond Strategy Fund	Duration, Index exposure, Liquidity		–		56,122,031
Inverse High Yield Strategy Fund	Duration, Index exposure, Liquidity		–		38,357,254
Inverse Mid-Cap Strategy Fund	Index exposure, Liquidity		–		218,720
Inverse NASDAQ-100^® Strategy Fund	Index exposure, Liquidity		–		3,317,011
Inverse Russell 2000^® Strategy Fund	Index exposure, Liquidity		–		989,105
Inverse S&P 500^® Strategy Fund	Index exposure, Liquidity		–		4,026,747
Japan 2x Strategy Fund	Index exposure, Leverage, Liquidity		12,077,081		–
Long Short Equity Fund	Index exposure, Liquidity		76,894		287,100
Mid-Cap 1.5x Strategy Fund	Index exposure, Liquidity, Leverage		6,864,808		–
Monthly Rebalance NASDAQ-100 2x Strategy Fund	Index exposure, Liquidity, Leverage		6,263,578		–
NASDAQ-100^® Fund	Index exposure, Liquidity		32,772,278		–
Nova Fund	Index exposure, Liquidity, Leverage		17,457,438		–
Russell 2000^® 1.5x Strategy Fund	Index exposure, Liquidity, Leverage		1,296,555		–
Russell 2000^® Fund	Index exposure, Liquidity		687,240		–
S&P 500^® Fund	Index exposure, Liquidity		17,788,531		–
Strengthening Dollar 2x Strategy Fund	Index exposure, Leverage, Liquidity		41,362,264		–
Weakening Dollar 2x Strategy Fund	Index exposure, Leverage, Liquidity		–		12,416,040

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

Swaps

A swap is an agreement that obligates two parties to exchange a series of cash flows at specified intervals based upon or calculated by reference to changes in specified prices or rates for a specified amount of an underlying asset. A Fund utilizing OTC swaps bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default or bankruptcy of a swap agreement counterparty or if the underlying asset declines in value. Certain standardized swaps are subject to mandatory central clearing. Central clearing generally reduces counterparty credit risk and increases liquidity, but central clearing does not make swap transactions risk-free. Additionally, there is no guarantee that a Fund or an underlying fund could eliminate its exposure under an outstanding swap agreement by entering into an offsetting swap agreement with the same or another party.

Total return swaps involve commitments where single or multiple cash flows are exchanged based on the price of an underlying reference asset (such as index or basket) or a fixed or variable interest rate. Index swaps will usually be computed based on the current index value as of the close of regular trading on the NYSE or other exchange, with the swap value being adjusted to include dividends accrued, financing charges and/or interest associated with the swap agreement. A fund utilizing a total return index swap bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default or bankruptcy of a swap agreement counterparty or if the underlying index declines in value.

The following table represents the Funds' use and volume of total return swaps on a quarterly basis:

		Average Notional
Fund	Use	Long		Short
Dow Jones Industrial Average^® Fund	Index exposure, Liquidity	$	7,357,350	$	–
Emerging Markets 2x Strategy Fund	Index exposure, Leverage, Liquidity		23,216,839		–
Emerging Markets Bond Strategy Fund	Index exposure, Liquidity		863,216		–
Event Driven and Distressed Strategies Fund	Index exposure, Liquidity		2,331,128		–
High Yield Strategy Fund	Duration, Index exposure, Liquidity		18,885,129		–
Inverse Emerging Markets 2x Strategy Fund	Index exposure, Leverage, Liquidity		–		63,038,050
Inverse Mid-Cap Strategy Fund	Index exposure, Liquidity		–		3,872,584
Inverse NASDAQ-100^® Strategy Fund	Index exposure, Liquidity		–		26,301,700
Inverse Russell 2000^® Strategy Fund	Index exposure, Liquidity		–		40,992,147
Inverse S&P 500^® Strategy Fund	Index exposure, Liquidity		–		163,902,128
Mid-Cap 1.5x Strategy Fund	Index exposure, Liquidity, Leverage		12,071,305		–
Monthly Rebalance NASDAQ-100 2x Strategy Fund	Index exposure, Liquidity, Leverage		68,343,253		–
NASDAQ-100^® Fund	Index exposure, Liquidity		256,281,005		–
Nova Fund	Index exposure, Liquidity, Leverage		147,976,784		–
Russell 2000^® 1.5x Strategy Fund	Index exposure, Liquidity, Leverage		6,554,626		–
Russell 2000^® Fund	Index exposure, Liquidity		13,488,409		–
S&P 500^® Fund	Index exposure, Liquidity		49,517,665		–

Currency swaps enable the Funds to gain exposure to currencies in a market without actually possessing a given currency, or to hedge a position. Currency swaps involves the exchange of the principal and interest in one currency for the principal and interest in another currency. As in other types of OTC swaps, the Funds may be at risk due to the counterparty’s inability to perform.

The following table represents the Funds' use and volume of currency swaps on a quarterly basis:

		Average Notional
Fund	Use	Long		Short
Strengthening Dollar 2x Strategy Fund	Index exposure, Leverage, Liquidity	$	8,125,256	$	–
Weakening Dollar 2x Strategy Fund	Index exposure, Leverage, Liquidity		–		2,055,569

Credit default swaps are instruments which allow for the full or partial transfer of third party credit risk, with respect to a particular entity or entities, from one counterparty to the other. In accordance with its principal investment strategy, the Funds enter into credit default swaps as a seller of protection primarily to gain exposure similar to the high yield bond market. A seller of credit default swaps is selling credit protection or assuming credit risk with respect to the underlying entity or entities. If a credit event occurs, as defined under the terms of the swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. The Notional Principal reflects the maximum potential amount the Fund could be required to pay as a seller of credit protection if a credit event occurs. As the seller of protection, the Fund receives periodic premium payments from the counterparty and may also receive or pay an upfront premium adjustment to the stated periodic premium. In the event a credit event occurs, an adjustment will be made to any upfront premiums that were received by a reduction of 1.00% per credit event.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

The quoted market prices and resulting market values for credit default swap agreements on securities and credit indices serve as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative had the notional amount of the swap agreement been closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

The following table represents the Funds' use and volume of credit default swaps on a quarterly basis:

		Average Notional
Fund	Use	Long		Short
Emerging Markets Bond Strategy Fund	Duration, Index exposure, Leverage, Liquidity	$	707,243	$	–
Event Driven and Distressed Strategies Fund	Duration, Index exposure, Liquidity		4,625,600		–
High Yield Strategy Fund	Duration, Index exposure, Liquidity		235,667,458		–
Inverse High Yield Strategy Fund	Duration, Index exposure, Liquidity		–		46,307,182

The table included in the Emerging Markets Bond Strategy Fund, Event Driven and Distressed Strategies Fund and the High Yield Strategy Fund Schedule of Investments summarizes the information with regard to sold protection on credit default swap contracts as of June 30, 2016.

In conjunction with the use of short sales and derivative instruments, the Funds are required to maintain collateral in various forms. The Funds use, where appropriate, depending on the financial instrument utilized and the broker involved, margin deposits at the broker, cash and/or securities segregated at the custodian bank, discount notes or the repurchase agreements allocated to the Funds.

Foreign Currency

There are several risks associated with exposure to foreign currencies, foreign issuers and emerging markets. A Fund’s indirect and direct exposure to foreign currencies subjects the Fund to the risk that those currencies will decline in value relative to the U.S. dollar, or, in the case of short positions, that the U.S. dollar will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates and the imposition of currency controls or other political developments in the U.S. or abroad. In addition, the Fund may incur transaction costs in connection with conversions between various currencies. The Fund may, but is not obligated to, engage in currency hedging transactions, which generally involve buying currency forward, options or futures contracts. However, not all currency risks may be effectively hedged, and in some cases the costs of hedging techniques may outweigh expected benefits. In such instances, the value of securities denominated in foreign currencies can change significantly when foreign currencies strengthen or weaken relative to the U.S. dollar.

Certain Funds may invest in securities of foreign companies directly, or in financial instruments, such as ADRs and exchange-traded funds, which are indirectly linked to the performance of foreign issuers. Foreign markets can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Investing in securities of foreign companies directly, or in financial instruments that are indirectly linked to the performance of foreign issuers, may involve risks not typically associated with investing in U.S. issuers. The value of securities denominated in foreign currencies, and of dividends from such securities, can change significantly when foreign currencies strengthen or weaken relative to the U.S. dollar. Foreign securities markets generally have less trading volume and less liquidity than U.S. markets, and prices in some foreign markets may fluctuate more than those of securities traded on U.S. markets. Many foreign countries lack accounting and disclosure standards comparable to those that apply to U.S. companies, and it may be more difficult to obtain reliable information regarding a foreign issuer’s financial condition and operations. Transaction costs and costs associated with custody services are generally higher for foreign securities than they are for U.S. securities. Some foreign governments levy withholding taxes against dividend and interest income. Although in some countries portions of these taxes are recoverable, the non-recovered portion will reduce the income received by the Fund.

The Trust has established counterparty credit guidelines and enters into transactions only with financial institutions of investment grade or better. The Trust monitors the counterparty credit risk.

3. Fair Value Measurement

In accordance with U.S. GAAP, fair value is defined as the price that the Funds would receive to sell an investment or pay to transfer a liability in an orderly transaction with an independent buyer in the principal market, or in the absence of a principal market, the most advantageous market for the investment or liability. U.S. GAAP establishes a three-tier fair value hierarchy based on the types of inputs used to value assets and liabilities and requires corresponding disclosure. The hierarchy and the corresponding inputs are summarized below:

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

Level 1 — quoted prices in active markets for identical assets or liabilities.

Level 2 — significant other observable inputs (for example quoted prices for securities that are similar based on characteristics such as interest rates, prepayment speeds, credit risk, etc.).

Level 3 — significant unobservable inputs based on the best information available under the circumstances, to the extent observable inputs are not available, which may include assumptions.

The types of inputs available depend on a variety of factors, such as the type of security and the characteristics of the markets in which it trades, if any. Fair valuation determinations that rely on fewer or no observable inputs require greater judgment. Accordingly, fair value determinations for Level 3 securities require the greatest amount of judgment.

The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The suitability of the techniques and sources employed to determine fair valuation are regularly monitored and subject to change.

4. Repurchase Agreements

The Funds transfer uninvested cash balances into a single joint account, the daily aggregate balance of which is invested in one or more repurchase agreements collateralized by obligations of the U.S. Treasury and U.S. government agencies. The collateral is in the possession of the Funds’ custodian and is evaluated to ensure that its market value exceeds, at a minimum, 102% of the original face amount of the repurchase agreements. Each Fund holds a pro rata share of the collateral based on the dollar amount of the repurchase agreement entered into by each Fund.

At June 30, 2016, the repurchase agreements in the joint account were as follows:

Counterparty and Terms of Agreement		Face Value		Repurchase Price	Collateral		Par Value		Fair Value
HSBC Group					U.S. Treasury Strips
0.26%					0.00%
Due 07/01/16	$	282,801,466	$	282,803,508	11/15/38 - 08/15/41	$	508,322,700	$	288,457,595

Royal Bank of Canada					U.S. TIP Notes
0.33%					0.13% - 0.63%
Due 07/01/16		226,951,673		226,953,753	07/15/21 - 07/15/24		217,099,000		231,490,711

UMB Financial Corp.					U.S. Treasury Notes
0.26%					0.50% - 1.50%
Due 07/01/16		52,984,652		52,985,035	07/31/16 - 07/31/17		33,970,100		34,066,440

					GNMA 2015 185-MC
					2.50%
					07/20/41		19,516,557		19,977,925
							53,486,657		54,044,365

In the event of counterparty default, the Funds have the right to collect the collateral to offset losses incurred. There is potential loss to the Funds in the event the Funds are delayed or prevented from exercising their rights to dispose of the collateral securities, including the risk of a possible decline in the value of the underlying securities during the period while the Funds seek to assert their rights. The Funds’ investment adviser, acting under the supervision of the Board, reviews the value of the collateral and the creditworthiness of those banks and dealers with which the Funds enter into repurchase agreements to evaluate potential risks.

5. Affiliated Transactions

Investments representing 5% or more of the outstanding voting shares of a portfolio company of a fund, or control of or by, or common control under GI, result in that portfolio company being considered an affiliated company of such fund, as defined in the 1940 Act.

The Funds may invest in the Guggenheim Strategy Funds Trust consisting of Guggenheim Strategy Fund I, Guggenheim Strategy Fund II, and Guggenheim Strategy Fund III (collectively, the “Cash Management Funds”), open-end management investment companies managed by GI. The Cash Management Funds, which launched on March 11, 2014, are offered as cash management options only to mutual funds, trusts, and other accounts managed by GI and/or its affiliates, and are not available to the public. The Cash Management Funds pay no investment management fees. The Cash Management Funds’ annual report on Form N-CSR dated September 30, 2015 is available publicly or upon request. This information is available from the EDGAR database on the SEC's website at http://www.sec.gov/Archives/edgar/data/1601445/000089180415000857/gug63224-ncsr.htm.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

6. Federal Income Tax Information

The Funds intend to comply with the provisions of Subchapter M of the Internal Revenue Code applicable to regulate investment companies and will distribute substantially all taxable net investment income and capital gains sufficient to relieve the Funds from all, or substantially all, federal income, excise and state income taxes. Therefore, no provision for federal or state income tax is required.

Tax positions taken or expected to be taken in the course of preparing the Funds’ tax returns are evaluated to determine whether the tax positions are “more-likely-than-not” of being sustained by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax benefit or expense in the current year. Management has analyzed the Funds’ tax positions taken, or to be taken, on Federal income tax returns for all open tax years, and has concluded that no provision for income tax is required in the Funds’ financial statements. The Funds’ federal tax returns are subject to examination by the Internal Revenue Service for a period of three years after they are filed.

At June 30, 2016, the cost of securities for Federal income tax purposes, the aggregate gross unrealized gain for all securities for which there was an excess of value over tax cost, and the aggregate gross unrealized loss for all securities for which there was an excess of tax cost over value, were as follows:

Fund	Tax Cost		Tax Unrealized Gain		Tax Unrealized Loss			Net Unrealized Gain (Loss)
Banking Fund	$	42,727,451	$	–	$	(1,647,358	)	$	(1,647,358	)
Basic Materials Fund		86,119,849		6,104,213		(1,787,909	)		4,316,304
Biotechnology Fund		221,721,562		125,058,933		(9,254,995	)		115,803,938
Consumer Products Fund		388,416,027		106,485,578		(1,062,289	)		105,423,289
Dow 2x Strategy Fund		22,761,411		465,640		(211,197	)		254,443
Dow Jones Industrial Average^® Fund		22,036,317		361,671		(319,249	)		42,422
Electronics Fund		42,781,867		–		(4,494,815	)		(4,494,815	)
Emerging Markets 2x Strategy Fund		3,363,936		–		(6,557	)		(6,557	)
Emerging Markets Bond Strategy Fund		4,903,301		–		–			–
Energy Fund		56,518,729		3,046,024		(399,443	)		2,646,581
Energy Services Fund		22,118,765		–		(3,739,250	)		(3,739,250	)
Europe 1.25x Strategy Fund		14,080,112		–		(5,043	)		(5,043	)
Event Driven and Distressed Strategies Fund		7,372,532		40,105		(33,204	)		6,901
Financial Services Fund		21,446,894		2,334,521		(646,373	)		1,688,148
Government Long Bond 1.2x Strategy Fund		153,820,713		6,509,734		(2,207	)		6,507,527
Health Care Fund		28,763,288		11,542,395		(372,782	)		11,169,613
High Yield Strategy Fund		392,839,185		54,340		(15,207	)		39,133
Internet Fund		13,780,573		2,344,280		(427,231	)		1,917,049
Inverse Dow 2x Strategy Fund		9,795,383		–		–			–
Inverse Emerging Markets 2x Strategy Fund		2,135,939		–		–			–
Inverse Government Long Bond Strategy Fund		294,096,067		–		(1,614,333	)		(1,614,333	)
Inverse High Yield Strategy Fund		38,486,813		5,576		(522	)		5,054
Inverse Mid-Cap Strategy Fund		2,273,109		350		–			350
Inverse NASDAQ-100^® 2x Strategy Fund		25,722,633		9,302		–			9,302
Inverse NASDAQ-100^® Strategy Fund		17,690,217		5,137		(1,866	)		3,271
Inverse Russell 2000^® 2x Strategy Fund		18,976,745		–		–			–
Inverse Russell 2000^® Strategy Fund		13,105,805		3,159		(720	)		2,439
Inverse S&P 500^® 2x Strategy Fund		49,616,074		1,830		(933	)		897
Inverse S&P 500^® Strategy Fund		229,656,451		47,624		(10,034	)		37,590
Japan 2x Strategy Fund		2,013,626		–		(12	)		(12	)
Leisure Fund		21,594,972		917,597		(287,961	)		629,636
Long Short Equity Fund		43,457,653		3,472,745		(1,466,018	)		2,006,727
Mid-Cap 1.5x Strategy Fund		15,841,894		1,085,004		(376,625	)		708,379
Monthly Rebalance Nasdaq-100^® 2x Strategy Fund		3,552,974		125,194		(175,786	)		(50,592	)
NASDAQ-100^® 2x Strategy Fund		177,985,892		20,667,332		(2,233,109	)		18,434,223
NASDAQ-100^® Fund		526,490,422		202,859,967		(8,375,300	)		194,484,667
Nova Fund		208,925,074		3,533,631		(151,143	)		3,382,488
Precious Metals Fund		104,230,573		19,288,533		(118,408	)		19,170,125
Real Estate Fund		74,200,313		2,917,869		(312,534	)		2,605,335
Retailing Fund		14,777,791		–		(462,279	)		(462,279	)
Russell 2000^® 1.5x Strategy Fund		24,510,397		27,634		(30,781	)		(3,147	)
Russell 2000^® 2x Strategy Fund		28,946,625		–		(469,606	)		(469,606	)
Russell 2000^® Fund		29,433,003		266,717		(1,102,513	)		(835,796	)
S&P 500^® 2x Strategy Fund		85,802,468		1,814,032		(262,183	)		1,551,849
S&P 500^® Fund		44,778,811		19,666,591		(2,632,375	)		17,034,216
S&P 500^® Pure Growth Fund		89,819,262		14,175,015		(929,061	)		13,245,954
S&P 500^® Pure Value Fund		61,749,817		55,496		(308,011	)		(252,515	)
S&P MidCap 400^®Pure Growth Fund		123,768,096		10,460,480		(8,028,311	)		2,432,169
S&P MidCap 400^®Pure Value Fund		43,646,494		–		(1,998,585	)		(1,998,585	)
S&P SmallCap 600^®Pure Growth Fund		40,965,198		638,987		(1,143,319	)		(504,332	)
S&P SmallCap 600^®Pure Value Fund		26,787,273		–		(4,601,377	)		(4,601,377	)
Strengthening Dollar 2x Strategy Fund		19,806,383		5,269		–			5,269
Technology Fund		24,405,949		908,765		(286,295	)		622,470
Telecommunications Fund		50,464,798		1,985,041		(630,121	)		1,354,920
Transportation Fund		11,748,744		4,698,109		(20	)		4,698,089
U.S. Government Money Market Fund		1,072,639,329		–		–			–
Utilities Fund		112,072,367		13,865,795		(87,555	)		13,778,240
Weakening Dollar 2x Strategy Fund		3,485,608		1,490		–			1,490

OTHER INFORMATION (Unaudited)

Sector Classification

Information in the “Schedule of Investments” is categorized by sectors using sector-level Classifications defined by the Bloomberg Industry Classification System, a widely recognized industry classification system provider. Each Fund’s registration statement has investment policies relating to concentration in specific sectors/industries. For purposes of these investment policies, the Funds usually classify sectors/industries based on industry-level Classifications used by widely recognized industry classification system providers such as Bloomberg Industry Classification System, Global Industry Classification Standards and Barclays Global Classification Scheme.

	Shares		Value
COMMON STOCKS^† - 98.5%
Banks - 92.5%
Wells Fargo & Co.		35,804	$	1,694,604
Citigroup, Inc.		39,732		1,684,239
JPMorgan Chase & Co.		26,911		1,672,250
Bank of America Corp.		125,734		1,668,490
U.S. Bancorp		30,664		1,236,679
Bank of New York Mellon Corp.		24,551		953,805
PNC Financial Services Group, Inc.		11,610		944,938
Capital One Financial Corp.		13,734		872,246
BB&T Corp.		22,497		801,118
SunTrust Banks, Inc.		16,650		683,982
State Street Corp.		12,480		672,922
M&T Bank Corp.		5,522		652,866
Northern Trust Corp.		8,583		568,710
Itau Unibanco Holding S.A. ADR		59,968		566,098
Fifth Third Bancorp		31,175		548,368
First Republic Bank		6,963		487,339
Regions Financial Corp.		56,935		484,517
Citizens Financial Group, Inc.		24,187		483,256
Banco Bradesco S.A. ADR		61,716		482,002
KeyCorp		40,965		452,663
ICICI Bank Ltd. ADR		61,935		444,693
HSBC Holdings plc ADR		12,930		404,838
Comerica, Inc.		9,737		400,483
Huntington Bancshares, Inc.		44,722		399,815
Credicorp Ltd.		2,569		396,474
Toronto-Dominion Bank		9,090		390,234
Royal Bank of Canada		6,600		389,994
Signature Bank^*		3,113		388,876
HDFC Bank Ltd. ADR		5,632		373,683
Bank of Montreal		5,713		362,147
Bank of Nova Scotia		7,189		352,333
Bancolombia S.A. ADR		9,800		342,216
Deutsche Bank AG^*		24,757		339,914
Grupo Financiero Santander Mexico SAB de CV ADR		37,371		339,702
Popular, Inc.		11,558		338,649
Banco Santander Chile ADR		17,275		334,617
PacWest Bancorp		8,401		334,192
Zions Bancorporation		13,294		334,078
SVB Financial Group^*		3,489		332,013
East West Bancorp, Inc.		9,560		326,761
UBS Group AG		24,841		321,939
Canadian Imperial Bank of Commerce		4,277		321,074
Banco Bilbao Vizcaya Argentaria S.A. ADR		55,931		321,044
Commerce Bancshares, Inc.		6,696		320,739
ING Groep N.V. ADR		30,645		316,563
BOK Financial Corp.		5,043		316,197
Sumitomo Mitsui Financial Group, Inc. ADR		54,751		313,176
Credit Suisse Group AG ADR		28,971		309,990
Banco Santander S.A. ADR		78,995		309,660
Cullen/Frost Bankers, Inc.		4,764		303,610
PrivateBancorp, Inc. — Class A		6,820		300,285
Prosperity Bancshares, Inc.		5,682		289,725
Barclays plc ADR		37,781		287,136
Synovus Financial Corp.		9,824		284,798
Bank of the Ozarks, Inc.		7,392		277,348
Western Alliance Bancorporation^*		8,438		275,501
Umpqua Holdings Corp.		17,794		275,273
FirstMerit Corp.		13,505		273,746
First Horizon National Corp.		19,603		270,129
First Citizens BancShares, Inc. — Class A		1,039		269,007
BankUnited, Inc.		8,671		266,373
Bank of Hawaii Corp.		3,803		261,646
Webster Financial Corp.		7,613		258,461
Wintrust Financial Corp.		4,854		247,554
United Bankshares, Inc.		6,539		245,278
UMB Financial Corp.		4,554		242,318
MB Financial, Inc.		6,661		241,661
FNB Corp.		19,216		240,969
Associated Banc-Corp.		14,020		240,443
Home BancShares, Inc.		12,125		239,954
IBERIABANK Corp.		3,940		235,336
Fulton Financial Corp.		17,018		229,743
Valley National Bancorp		25,162		229,477
First Financial Bankshares, Inc.		6,913		226,677
BancorpSouth, Inc.		9,914		224,949
Texas Capital Bancshares, Inc.^*		4,771		223,092
Cathay General Bancorp		7,804		220,073
TCF Financial Corp.		17,382		219,882
Glacier Bancorp, Inc.		8,148		216,574
Hilltop Holdings, Inc.^*		10,224		214,602
Pinnacle Financial Partners, Inc.		4,310		210,544
Great Western Bancorp, Inc.		6,595		208,006
Hancock Holding Co.		7,893		206,086
Community Bank System, Inc.		4,911		201,793
CVB Financial Corp.		12,127		198,762
Trustmark Corp.		7,949		197,533
South State Corp.		2,881		196,052
Columbia Banking System, Inc.		6,864		192,604
First Midwest Bancorp, Inc.		10,256		180,095
Old National Bancorp		14,263		178,715
Westamerica Bancorporation		3,472		171,031
LegacyTexas Financial Group, Inc.		6,340		170,610
United Community Banks, Inc.		9,290		169,914
Talmer Bancorp, Inc. — Class A		8,860		169,846
BBCN Bancorp, Inc.		10,830		161,584
Boston Private Financial Holdings, Inc.		12,602		148,452
Total Banks				38,580,433
Savings & Loans - 3.9%
New York Community Bancorp, Inc.		27,140		406,828
People's United Financial, Inc.		21,468		314,721
First Niagara Financial Group, Inc.		28,351		276,139
Investors Bancorp, Inc.		24,874		275,604
Sterling Bancorp		13,780		216,346
Banc of California, Inc.		7,590		137,379
Total Savings & Loans				1,627,017
Diversified Financial Services - 0.9%
CIT Group, Inc.		12,144		387,515

	Shares		Value
COMMON STOCKS^† - 98.5% (continued)
Insurance - 0.8%
Voya Financial, Inc.		12,805	$	317,052
Real Estate - 0.4%
HFF, Inc. — Class A		5,160		149,021
Total Common Stocks
(Cost $37,689,473)				41,061,038

	Face Amount
REPURCHASE AGREEMENT^††,1 - 0.0%
HSBC Group issued 06/30/16 at 0.26% due 07/01/16	$	19,055		19,055
Total Repurchase Agreement
(Cost $19,055)				19,055
Total Investments - 98.5%
(Cost $37,708,528)			$	41,080,093
Other Assets & Liabilities, net - 1.5%				617,951
Total Net Assets - 100.0%			$	41,698,044

	Shares		Value
COMMON STOCKS^† - 99.1%
Chemicals - 44.8%
EI du Pont de Nemours & Co.		39,578	$	2,564,653
Dow Chemical Co.		50,834		2,526,958
Monsanto Co.		21,806		2,254,958
Ecolab, Inc.		17,169		2,036,243
Praxair, Inc.		17,572		1,974,917
Air Products & Chemicals, Inc.		13,438		1,908,734
LyondellBasell Industries N.V. — Class A		25,496		1,897,412
Sherwin-Williams Co.		6,216		1,825,452
PPG Industries, Inc.		17,390		1,811,169
International Flavors & Fragrances, Inc.		8,761		1,104,499
Eastman Chemical Co.		15,888		1,078,795
Mosaic Co.		40,763		1,067,175
Celanese Corp. — Class A		15,982		1,046,022
Albemarle Corp.		12,799		1,015,089
Valspar Corp.		9,324		1,007,272
Potash Corporation of Saskatchewan, Inc.		62,000		1,006,880
Ashland, Inc.		8,072		926,423
RPM International, Inc.		17,817		889,959
Axalta Coating Systems Ltd.^*		31,620		838,879
FMC Corp.		18,090		837,748
Westlake Chemical Corp.		19,470		835,652
Agrium, Inc.		8,933		807,722
CF Industries Holdings, Inc.		32,510		783,491
WR Grace & Co.		10,696		783,054
NewMarket Corp.		1,826		756,658
Olin Corp.		29,359		729,278
Sensient Technologies Corp.		8,720		619,469
Methanex Corp.		20,210		588,111
Cabot Corp.		12,865		587,416
PolyOne Corp.		16,562		583,645
Huntsman Corp.		43,148		580,341
Syngenta AG ADR		7,330		562,871
Platform Specialty Products Corp.^*		60,570		537,862
Axiall Corp.		16,070		524,043
HB Fuller Co.		11,330		498,407
Minerals Technologies, Inc.		8,505		483,084
Chemtura Corp.^*		16,580		437,380
Ingevity Corp.^*		11,976		407,663
Total Chemicals				40,725,384
Mining - 24.8%
Newmont Mining Corp.		41,808		1,635,529
Barrick Gold Corp.		75,923		1,620,956
Freeport-McMoRan, Inc.		116,660		1,299,593
Goldcorp, Inc.		66,440		1,270,997
Alcoa, Inc.		129,489		1,200,362
Rio Tinto plc ADR		34,485		1,079,381
Silver Wheaton Corp.		43,994		1,035,179
Teck Resources Ltd. — Class B		77,441		1,019,898
Agnico Eagle Mines Ltd.		18,168		971,988
BHP Billiton Ltd. ADR		33,755		964,043
Randgold Resources Ltd. ADR		8,304		930,380
AngloGold Ashanti Ltd. ADR^*		46,005		830,850
Franco-Nevada Corp.		10,322		785,091
Royal Gold, Inc.		10,830		779,977
Tahoe Resources, Inc.		51,700		773,949
Kinross Gold Corp.^*		154,100		753,549
Southern Copper Corp.		26,290		709,304
First Majestic Silver Corp.^*		50,200		681,716
Pan American Silver Corp.		41,391		680,882
Eldorado Gold Corp.		148,884		669,978
Cia de Minas Buenaventura S.A.A. ADR^*		54,452		650,701
Compass Minerals International, Inc.		7,258		538,471
Coeur Mining, Inc.^*		45,900		489,294
Stillwater Mining Co.^*		37,648		446,505
Kaiser Aluminum Corp.		4,850		438,489
Century Aluminum Co.^*		40,302		255,112
Total Mining				22,512,174
Packaging & Containers - 9.9%
Ball Corp.		15,464		1,117,893
WestRock Co.		27,559		1,071,218
Sealed Air Corp.		22,393		1,029,406
Crown Holdings, Inc.^*		17,754		899,595
Packaging Corporation of America		13,200		883,476
Sonoco Products Co.		15,850		787,111
Berry Plastics Group, Inc.^*		19,866		771,794
Bemis Company, Inc.		14,942		769,364
Graphic Packaging Holding Co.		55,089		690,816
Owens-Illinois, Inc.^*		33,240		598,652
KapStone Paper and Packaging Corp.		27,530		358,165
Total Packaging & Containers				8,977,490
Iron & Steel - 8.1%
Nucor Corp.		27,421		1,354,871
Vale S.A. ADR		249,482		1,262,379
Reliance Steel & Aluminum Co.		10,718		824,214
Steel Dynamics, Inc.		33,335		816,708
ArcelorMittal^*		143,024		666,492
POSCO ADR		13,300		591,850
United States Steel Corp.		31,120		524,683
Commercial Metals Co.		28,195		476,496
Carpenter Technology Corp.		12,872		423,875
Allegheny Technologies, Inc.		31,378		400,070
Total Iron & Steel				7,341,638
Building Materials - 6.1%
Vulcan Materials Co.		11,814		1,421,933
Martin Marietta Materials, Inc.		6,309		1,211,328
Cemex SAB de CV ADR^*		123,494		761,958
Eagle Materials, Inc.		8,861		683,626
Louisiana-Pacific Corp.^*		32,003		555,252
Summit Materials, Inc. — Class A^*		25,700		525,822
Boise Cascade Co.^*		14,850		340,808
Total Building Materials				5,500,727
Forest Products & Paper - 2.2%
International Paper Co.		34,213		1,449,947
Domtar Corp.		14,433		505,299
Total Forest Products & Paper				1,955,246
Miscellaneous Manufacturing - 1.4%
AptarGroup, Inc.		9,904		783,704

(Registrant)	Rydex Series Funds

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

Date	August 26, 2016

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	August 26, 2016

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

Date	August 26, 2016