AC Alternatives Market Neutral Value - Schedule of Investments | |
DECEMBER 31, 2019 (UNAUDITED) |
Shares/ Principal Amount ($) | Value ($) | ||||
COMMON STOCKS — 66.0% | |||||
Aerospace and Defense — 5.5% | |||||
HEICO Corp., Class A(1) | 40,033 | 3,584,154 | |||
Raytheon Co. | 3,020 | 663,615 | |||
4,247,769 | |||||
Air Freight and Logistics — 0.4% | |||||
United Parcel Service, Inc., Class B | 2,920 | 341,815 | |||
Airlines — 0.4% | |||||
Alaska Air Group, Inc.(1) | 1,690 | 114,498 | |||
Southwest Airlines Co. | 3,979 | 214,786 | |||
329,284 | |||||
Auto Components — 0.4% | |||||
Continental AG | 2,490 | 323,348 | |||
Automobiles — 1.2% | |||||
Honda Motor Co. Ltd. ADR | 16,765 | 474,617 | |||
Thor Industries, Inc. | 5,860 | 435,339 | |||
909,956 | |||||
Banks — 6.3% | |||||
Comerica, Inc. | 14,739 | 1,057,523 | |||
First Hawaiian, Inc.(1) | 29,840 | 860,884 | |||
PNC Financial Services Group, Inc. (The)(1) | 7,880 | 1,257,885 | |||
Toronto-Dominion Bank (The) | 7,720 | 432,981 | |||
Wells Fargo & Co.(1) | 23,140 | 1,244,932 | |||
4,854,205 | |||||
Beverages — 2.1% | |||||
PepsiCo, Inc.(1) | 12,004 | 1,640,587 | |||
Biotechnology — 0.6% | |||||
Gilead Sciences, Inc. | 7,155 | 464,932 | |||
Building Products — 1.2% | |||||
Johnson Controls International plc | 8,240 | 335,451 | |||
Masco Corp. | 11,670 | 560,043 | |||
895,494 | |||||
Capital Markets — 1.4% | |||||
Bank of New York Mellon Corp. (The) | 10,310 | 518,902 | |||
Janus Henderson Group plc | 23,560 | 576,042 | |||
1,094,944 | |||||
Chemicals — 2.4% | |||||
Akzo Nobel NV | 4,920 | 501,635 | |||
Axalta Coating Systems Ltd.(2) | 7,510 | 228,304 | |||
Dow, Inc. | 10,100 | 552,773 | |||
DuPont de Nemours, Inc. | 8,696 | 558,283 | |||
1,840,995 | |||||
Commercial Services and Supplies — 1.6% | |||||
Republic Services, Inc.(1) | 13,840 | 1,240,479 | |||
Communications Equipment — 0.1% | |||||
Cisco Systems, Inc. | 2,350 | 112,706 | |||
Containers and Packaging — 0.4% | |||||
WestRock Co. | 7,860 | 337,273 | |||
Diversified Financial Services — 0.7% | |||||
AXA Equitable Holdings, Inc. | 23,319 | 577,845 | |||
Diversified Telecommunication Services — 0.9% | |||||
Verizon Communications, Inc. | 11,390 | 699,346 | |||
Electric Utilities — 3.3% | |||||
Duke Energy Corp. | 6,450 | 588,305 | |||
Edison International | 7,440 | 561,050 | |||
Pinnacle West Capital Corp.(1) | 6,510 | 585,444 | |||
Xcel Energy, Inc.(1) | 13,310 | 845,052 | |||
2,579,851 | |||||
Electrical Equipment — 0.8% | |||||
Emerson Electric Co. | 8,095 | 617,325 | |||
Energy Equipment and Services — 2.7% | |||||
Schlumberger Ltd. | 51,492 | 2,069,978 | |||
Equity Real Estate Investment Trusts (REITs) — 1.8% | |||||
American Tower Corp.(1) | 4,050 | 930,771 | |||
Welltower, Inc. | 5,510 | 450,608 | |||
1,381,379 | |||||
Food and Staples Retailing — 1.3% | |||||
Koninklijke Ahold Delhaize NV | 13,545 | 339,463 | |||
Walmart, Inc.(1) | 5,570 | 661,939 | |||
1,001,402 | |||||
Food Products — 1.7% | |||||
Hormel Foods Corp.(1) | 5,290 | 238,632 | |||
Nestle SA ADR | 9,770 | 1,057,700 | |||
1,296,332 | |||||
Gas Utilities — 2.6% | |||||
Atmos Energy Corp. | 7,910 | 884,813 | |||
Spire, Inc. | 13,826 | 1,151,844 | |||
2,036,657 | |||||
Health Care Equipment and Supplies — 2.2% | |||||
Medtronic plc | 7,390 | 838,395 | |||
Zimmer Biomet Holdings, Inc.(1) | 5,847 | 875,179 | |||
1,713,574 | |||||
Health Care Providers and Services — 1.6% | |||||
McKesson Corp.(1) | 3,050 | 421,876 | |||
Quest Diagnostics, Inc. | 7,370 | 787,042 | |||
1,208,918 | |||||
Health Care Technology — 0.5% | |||||
Cerner Corp. | 4,870 | 357,409 | |||
Hotels, Restaurants and Leisure — 0.9% | |||||
Carnival Corp. | 2,310 | 117,417 | |||
Sodexo SA | 5,020 | 595,396 | |||
712,813 | |||||
Household Durables — 0.7% | |||||
Electrolux AB, Series B | 22,100 | 542,388 | |||
Household Products — 0.9% | |||||
Colgate-Palmolive Co. | 1,240 | 85,362 | |||
Kimberly-Clark Corp. | 4,317 | 593,803 | |||
679,165 | |||||
Industrial Conglomerates — 0.8% | |||||
Siemens AG ADR | 9,290 | 603,571 | |||
Insurance — 2.6% | |||||
Chubb Ltd. | 9,385 | 1,460,869 | |||
MetLife, Inc.(1) | 10,620 | 541,301 | |||
2,002,170 | |||||
Machinery — 2.6% | |||||
Atlas Copco AB, B Shares(1) | 40,620 | 1,409,324 | |||
Ingersoll-Rand plc | 4,800 | 638,016 | |||
2,047,340 | |||||
Multi-Utilities — 0.7% | |||||
CMS Energy Corp. | 8,890 | 558,648 | |||
Oil, Gas and Consumable Fuels — 3.5% | |||||
Chevron Corp.(1) | 3,420 | 412,144 | |||
Enterprise Products Partners LP | 51,560 | 1,451,930 | |||
Shell Midstream Partners LP | 10,281 | 207,779 | |||
TOTAL SA ADR | 11,010 | 608,853 | |||
2,680,706 | |||||
Paper and Forest Products — 0.7% | |||||
Mondi plc | 22,720 | 536,341 | |||
Pharmaceuticals — 2.8% | |||||
Johnson & Johnson(1) | 6,110 | 891,266 | |||
Novartis AG | 1,800 | 170,536 | |||
Pfizer, Inc.(1) | 22,136 | 867,289 | |||
Roche Holding AG ADR | 5,870 | 238,674 | |||
2,167,765 | |||||
Road and Rail — 1.6% | |||||
Norfolk Southern Corp. | 3,080 | 597,920 | |||
Union Pacific Corp. | 3,520 | 636,381 | |||
1,234,301 | |||||
Semiconductors and Semiconductor Equipment — 1.4% | |||||
Applied Materials, Inc. | 10,450 | 637,868 | |||
Maxim Integrated Products, Inc. | 3,210 | 197,447 | |||
Texas Instruments, Inc. | 1,670 | 214,244 | |||
1,049,559 | |||||
Software — 1.1% | |||||
Microsoft Corp. | 5,516 | 869,873 | |||
Specialty Retail — 0.2% | |||||
Advance Auto Parts, Inc. | 740 | 118,518 | |||
Textiles, Apparel and Luxury Goods — 1.4% | |||||
Ralph Lauren Corp. | 2,000 | 234,440 | |||
Under Armour, Inc., Class C(1)(2) | 42,160 | 808,629 | |||
1,043,069 | |||||
TOTAL COMMON STOCKS (Cost $42,175,511) | 51,020,030 | ||||
CONVERTIBLE BONDS — 13.3% | |||||
Automobiles — 4.9% | |||||
Tesla, Inc., 2.00%, 5/15/24 | 2,525,000 | 3,823,663 | |||
Semiconductors and Semiconductor Equipment — 8.4% | |||||
Microchip Technology, Inc., 1.625%, 2/15/27 | 1,881,000 | 2,685,128 | |||
Teradyne, Inc., 1.25%, 12/15/23 | 1,728,000 | 3,794,054 | |||
6,479,182 | |||||
TOTAL CONVERTIBLE BONDS (Cost $7,696,165) | 10,302,845 | ||||
EXCHANGE-TRADED FUNDS — 7.3% | |||||
iShares Russell 1000 Value ETF | 31,899 | 4,353,575 | |||
iShares TIPS Bond ETF | 4,750 | 553,707 | |||
iShares U.S. Real Estate ETF | 3,760 | 349,981 | |||
SPDR S&P Insurance ETF | 10,620 | 376,267 | |||
TOTAL EXCHANGE-TRADED FUNDS (Cost $4,928,547) | 5,633,530 | ||||
CONVERTIBLE PREFERRED STOCKS — 0.9% | |||||
Electric Utilities — 0.9% | |||||
NextEra Energy, Inc., 4.87%, 9/1/22 (Cost $656,857) | 13,474 | 690,947 | |||
TEMPORARY CASH INVESTMENTS — 9.6% | |||||
Repurchase Agreement, BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 2.75% - 3.75%, 9/15/21 - 11/15/43, valued at $6,198,402), in a joint trading account at 1.35%, dated 12/31/19, due 1/2/20 (Delivery value $6,068,137) | 6,067,682 | ||||
Repurchase Agreement, Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 1.625%, 12/15/22, valued at $1,377,036), at 0.65%, dated 12/31/19, due 1/2/20 (Delivery value $1,350,049) | 1,350,000 | ||||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 6,782 | 6,782 | |||
TOTAL TEMPORARY CASH INVESTMENTS (Cost $7,424,464) | 7,424,464 | ||||
TOTAL INVESTMENT SECURITIES BEFORE SECURITIES SOLD SHORT — 97.1% (Cost $62,881,544) | 75,071,816 | ||||
COMMON STOCKS SOLD SHORT — (74.2)% | |||||
Aerospace and Defense — (5.5)% | |||||
HEICO Corp. | (31,491 | ) | (3,594,698 | ) | |
United Technologies Corp. | (4,460 | ) | (667,929 | ) | |
(4,262,627 | ) | ||||
Air Freight and Logistics — (0.5)% | |||||
FedEx Corp. | (2,290 | ) | (346,271 | ) | |
Airlines — (0.4)% | |||||
American Airlines Group, Inc. | (11,650 | ) | (334,122 | ) | |
Auto Components — (0.4)% | |||||
BorgWarner, Inc. | (7,290 | ) | (316,240 | ) | |
Automobiles — (5.4)% | |||||
Tesla, Inc. | (8,890 | ) | (3,718,954 | ) | |
Toyota Motor Corp. ADR | (3,380 | ) | (475,025 | ) | |
(4,193,979 | ) | ||||
Banks — (6.3)% | |||||
Bank of America Corp. | (35,430 | ) | (1,247,845 | ) | |
Bank of Hawaii Corp. | (8,990 | ) | (855,488 | ) | |
M&T Bank Corp. | (6,190 | ) | (1,050,753 | ) | |
National Bank of Canada | (7,790 | ) | (432,408 | ) |
US Bancorp | (21,260 | ) | (1,260,505 | ) | |
(4,846,999 | ) | ||||
Beverages — (2.1)% | |||||
Coca-Cola Co. (The) | (29,870 | ) | (1,653,305 | ) | |
Biotechnology — (0.2)% | |||||
Amgen, Inc. | (720 | ) | (173,570 | ) | |
Building Products — (1.2)% | |||||
Daikin Industries Ltd. | (2,400 | ) | (337,514 | ) | |
Fortune Brands Home & Security, Inc. | (8,560 | ) | (559,310 | ) | |
(896,824 | ) | ||||
Capital Markets — (1.9)% | |||||
FactSet Research Systems, Inc. | (1,500 | ) | (402,450 | ) | |
Franklin Resources, Inc. | (22,230 | ) | (577,535 | ) | |
State Street Corp. | (6,610 | ) | (522,851 | ) | |
(1,502,836 | ) | ||||
Chemicals — (1.8)% | |||||
Chemours Co. (The) | (5,380 | ) | (97,325 | ) | |
LyondellBasell Industries NV, Class A | (5,890 | ) | (556,487 | ) | |
PPG Industries, Inc. | (5,380 | ) | (718,176 | ) | |
(1,371,988 | ) | ||||
Commercial Services and Supplies — (1.6)% | |||||
Waste Management, Inc. | (10,990 | ) | (1,252,420 | ) | |
Containers and Packaging — (0.5)% | |||||
International Paper Co. | (7,463 | ) | (343,671 | ) | |
Diversified Telecommunication Services — (0.9)% | |||||
AT&T, Inc. | (17,980 | ) | (702,658 | ) | |
Electric Utilities — (1.9)% | |||||
American Electric Power Co., Inc. | (8,990 | ) | (849,645 | ) | |
Southern Co. (The) | (9,290 | ) | (591,773 | ) | |
(1,441,418 | ) | ||||
Energy Equipment and Services — (2.7)% | |||||
Baker Hughes Co. | (80,980 | ) | (2,075,517 | ) | |
Equity Real Estate Investment Trusts (REITs) — (2.2)% | |||||
CoreCivic, Inc. | (19,880 | ) | (345,514 | ) | |
Crown Castle International Corp. | (6,568 | ) | (933,641 | ) | |
Ventas, Inc. | (7,640 | ) | (441,134 | ) | |
(1,720,289 | ) | ||||
Food and Staples Retailing — (0.4)% | |||||
Kroger Co. (The) | (11,790 | ) | (341,792 | ) | |
Food Products — (1.7)% | |||||
General Mills, Inc. | (8,990 | ) | (481,504 | ) | |
JM Smucker Co. (The) | (790 | ) | (82,263 | ) | |
Kraft Heinz Co. (The) | (15,990 | ) | (513,759 | ) | |
Tyson Foods, Inc., Class A | (2,690 | ) | (244,897 | ) | |
(1,322,423 | ) | ||||
Health Care Equipment and Supplies — (2.4)% | |||||
Align Technology, Inc. | (395 | ) | (110,221 | ) | |
STERIS plc | (990 | ) | (150,896 | ) | |
Stryker Corp. | (7,490 | ) | (1,572,450 | ) | |
(1,833,567 | ) | ||||
Health Care Providers and Services — (1.6)% | |||||
Cardinal Health, Inc. | (8,290 | ) | (419,308 | ) | |
Laboratory Corp. of America Holdings | (4,710 | ) | (796,791 | ) | |
(1,216,099 | ) | ||||
Hotels, Restaurants and Leisure — (0.9)% | |||||
Compass Group plc | (23,950 | ) | (599,968 | ) | |
Royal Caribbean Cruises Ltd. | (890 | ) | (118,824 | ) | |
(718,792 | ) | ||||
Household Durables — (0.7)% | |||||
Whirlpool Corp. | (3,790 | ) | (559,139 | ) | |
Household Products — (0.9)% | |||||
Church & Dwight Co., Inc. | (8,490 | ) | (597,187 | ) | |
Clorox Co. (The) | (591 | ) | (90,742 | ) | |
(687,929 | ) | ||||
Industrial Conglomerates — (1.4)% | |||||
3M Co. | (2,597 | ) | (458,163 | ) | |
General Electric Co. | (55,220 | ) | (616,255 | ) | |
(1,074,418 | ) | ||||
Insurance — (3.8)% | |||||
Allstate Corp. (The) | (3,360 | ) | (377,832 | ) | |
Prudential Financial, Inc. | (5,790 | ) | (542,755 | ) | |
Travelers Cos., Inc. (The) | (9,550 | ) | (1,307,872 | ) | |
Unum Group | (19,880 | ) | (579,701 | ) | |
Zurich Insurance Group AG | (390 | ) | (159,955 | ) | |
(2,968,115 | ) | ||||
Internet and Direct Marketing Retail — (1.1)% | |||||
Amazon.com, Inc. | (470 | ) | (868,485 | ) | |
Leisure Products — (0.6)% | |||||
Polaris, Inc. | (4,350 | ) | (442,395 | ) | |
Machinery — (3.5)% | |||||
Atlas Copco AB, A Shares | (35,360 | ) | (1,409,541 | ) | |
Caterpillar, Inc. | (4,200 | ) | (620,256 | ) | |
Gardner Denver Holdings, Inc. | (17,310 | ) | (634,931 | ) | |
(2,664,728 | ) | ||||
Multi-Utilities — (0.7)% | |||||
DTE Energy Co. | (4,300 | ) | (558,441 | ) | |
Oil, Gas and Consumable Fuels — (1.3)% | |||||
Exxon Mobil Corp. | (14,620 | ) | (1,020,184 | ) | |
Paper and Forest Products — (0.7)% | |||||
UPM-Kymmene Oyj | (14,970 | ) | (518,822 | ) | |
Pharmaceuticals — (3.2)% | |||||
AstraZeneca plc ADR | (5,662 | ) | (282,307 | ) | |
Bristol-Myers Squibb Co. | (4,990 | ) | (320,308 | ) | |
GlaxoSmithKline plc ADR | (6,380 | ) | (299,796 | ) | |
Merck & Co., Inc. | (12,750 | ) | (1,159,613 | ) | |
Sanofi | (4,020 | ) | (403,758 | ) | |
(2,465,782 | ) | ||||
Road and Rail — (1.6)% | |||||
CSX Corp. | (17,144 | ) | (1,240,540 | ) | |
Semiconductors and Semiconductor Equipment — (9.8)% | |||||
Intel Corp. | (7,020 | ) | (420,147 | ) | |
Microchip Technology, Inc. | (25,390 | ) | (2,658,841 | ) | |
Micron Technology, Inc. | (11,860 | ) | (637,831 | ) | |
Teradyne, Inc. | (55,980 | ) | (3,817,276 | ) | |
(7,534,095 | ) | ||||
Specialty Retail — (1.0)% | |||||
O'Reilly Automotive, Inc. | (280 | ) | (122,713 | ) | |
Tractor Supply Co. | (7,290 | ) | (681,177 | ) | |
(803,890 | ) | ||||
Textiles, Apparel and Luxury Goods — (1.4)% | |||||
PVH Corp. | (2,290 | ) | (240,793 | ) | |
Under Armour, Inc., Class A | (37,760 | ) | (815,616 | ) | |
(1,056,409 | ) | ||||
TOTAL COMMON STOCKS SOLD SHORT (Proceeds $46,922,161) | (57,330,779 | ) | |||
EXCHANGE-TRADED FUNDS SOLD SHORT — (13.5)% | |||||
Alerian MLP ETF | (194,797 | ) | (1,655,775 | ) | |
Invesco QQQ Trust Series 1 | (540 | ) | (114,809 | ) | |
iShares Preferred & Income Securities ETF | (14,950 | ) | (561,970 | ) | |
iShares Russell 1000 Growth ETF | (21,890 | ) | (3,850,889 | ) | |
iShares U.S. Healthcare ETF | (1,670 | ) | (360,252 | ) | |
Utilities Select Sector SPDR Fund | (59,990 | ) | (3,876,554 | ) | |
TOTAL EXCHANGE-TRADED FUNDS SOLD SHORT (Proceeds $9,685,066) | (10,420,249 | ) | |||
TOTAL SECURITIES SOLD SHORT (Proceeds $56,607,227) | (67,751,028 | ) | |||
OTHER ASSETS AND LIABILITIES(3) — 90.6% | 69,974,383 | ||||
TOTAL NET ASSETS — 100.0% | $ | 77,295,171 |
FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS | ||||||||||
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | ||||||
CAD | 3,334 | USD | 2,535 | Morgan Stanley | 3/31/20 | $ | 33 | |||
CAD | 3,609 | USD | 2,753 | Morgan Stanley | 3/31/20 | 27 | ||||
CAD | 6,702 | USD | 5,098 | Morgan Stanley | 3/31/20 | 65 | ||||
CAD | 1,583 | USD | 1,204 | Morgan Stanley | 3/31/20 | 16 | ||||
CAD | 895 | USD | 681 | Morgan Stanley | 3/31/20 | 8 | ||||
CAD | 4,805 | USD | 3,678 | Morgan Stanley | 3/31/20 | 23 | ||||
CAD | 1,854 | USD | 1,427 | Morgan Stanley | 3/31/20 | 1 | ||||
USD | 1,229 | CAD | 1,616 | Morgan Stanley | 3/31/20 | (15 | ) | |||
USD | 1,155 | CAD | 1,516 | Morgan Stanley | 3/31/20 | (13 | ) | |||
USD | 6,787 | CAD | 8,919 | Morgan Stanley | 3/31/20 | (83 | ) | |||
USD | 6,509 | CAD | 8,561 | Morgan Stanley | 3/31/20 | (86 | ) | |||
USD | 3,013 | CAD | 3,935 | Morgan Stanley | 3/31/20 | (19 | ) | |||
CHF | 29,315 | USD | 30,117 | UBS AG | 3/31/20 | 357 | ||||
CHF | 41,162 | USD | 42,251 | UBS AG | 3/31/20 | 538 | ||||
CHF | 34,250 | USD | 35,434 | UBS AG | 3/31/20 | 170 | ||||
USD | 1,164,694 | CHF | 1,133,265 | UBS AG | 3/31/20 | (13,373 | ) | |||
EUR | 220,287 | USD | 247,394 | Credit Suisse AG | 3/31/20 | 1,067 | ||||
USD | 1,898,587 | EUR | 1,691,181 | Credit Suisse AG | 3/31/20 | (8,888 | ) | |||
GBP | 779,219 | USD | 1,026,441 | JPMorgan Chase Bank N.A. | 3/31/20 | 8,201 | ||||
USD | 39,787 | GBP | 30,625 | JPMorgan Chase Bank N.A. | 3/31/20 | (876 | ) | |||
USD | 32,283 | GBP | 24,554 | JPMorgan Chase Bank N.A. | 3/31/20 | (320 | ) | |||
JPY | 31,385,597 | USD | 288,503 | Bank of America N.A. | 3/31/20 | 1,725 | ||||
USD | 19,356 | JPY | 2,105,156 | Bank of America N.A. | 3/31/20 | (111 | ) | |||
SEK | 410,918 | USD | 44,118 | Goldman Sachs & Co. | 3/31/20 | (60 | ) | |||
SEK | 205,005 | USD | 21,902 | Goldman Sachs & Co. | 3/31/20 | 78 | ||||
USD | 484,286 | SEK | 4,520,607 | Goldman Sachs & Co. | 3/31/20 | (399 | ) | |||
USD | 21,465 | SEK | 200,960 | Goldman Sachs & Co. | 3/31/20 | (82 | ) | |||
$ | (12,016 | ) |
NOTES TO SCHEDULE OF INVESTMENTS | ||
ADR | - | American Depositary Receipt |
CAD | - | Canadian Dollar |
CHF | - | Swiss Franc |
EUR | - | Euro |
GBP | - | British Pound |
JPY | - | Japanese Yen |
SEK | - | Swedish Krona |
USD | - | United States Dollar |
(1) | Security, or a portion thereof, has been pledged at the custodian bank or with a broker for collateral requirements on securities sold short. At the period end, the aggregate value of securities pledged was $15,418,369. |
(2) | Non-income producing. |
(3) | Amount relates primarily to deposits for securities sold short at period end. |
• | Level 1 valuation inputs consist of unadjusted quoted prices in an active market for identical investments. |
• | Level 2 valuation inputs consist of direct or indirect observable market data (including quoted prices for comparable investments, evaluations of subsequent market events, interest rates, prepayment speeds, credit risk, etc.). These inputs also consist of quoted prices for identical investments initially expressed in local currencies that are adjusted through translation into U.S. dollars. |
• | Level 3 valuation inputs consist of unobservable data (including a fund’s own assumptions). |
Level 1 ($) | Level 2 ($) | Level 3 ($) | ||||
Assets | ||||||
Investment Securities | ||||||
Common Stocks | ||||||
Auto Components | — | 323,348 | — | |||
Banks | 4,421,224 | 432,981 | — | |||
Chemicals | 1,339,360 | 501,635 | — | |||
Food and Staples Retailing | 661,939 | 339,463 | — | |||
Hotels, Restaurants and Leisure | 117,417 | 595,396 | — | |||
Household Durables | — | 542,388 | — | |||
Machinery | 638,016 | 1,409,324 | — | |||
Paper and Forest Products | — | 536,341 | — | |||
Pharmaceuticals | 1,997,229 | 170,536 | — | |||
Other Industries | 36,993,433 | — | — | |||
Convertible Bonds | — | 10,302,845 | — | |||
Exchange-Traded Funds | 5,633,530 | — | — | |||
Convertible Preferred Stocks | 690,947 | — | — | |||
Temporary Cash Investments | 6,782 | 7,417,682 | — | |||
52,499,877 | 22,571,939 | — | ||||
Other Financial Instruments | ||||||
Forward Foreign Currency Exchange Contracts | — | 12,309 | — | |||
Liabilities | ||||||
Securities Sold Short | ||||||
Common Stocks | ||||||
Banks | 4,414,591 | 432,408 | — | |||
Building Products | 559,310 | 337,514 | — | |||
Hotels, Restaurants and Leisure | 118,824 | 599,968 | — | |||
Insurance | 2,808,160 | 159,955 | — | |||
Machinery | 1,255,187 | 1,409,541 | — | |||
Paper and Forest Products | — | 518,822 | — | |||
Pharmaceuticals | 2,062,024 | 403,758 | — | |||
Other Industries | 42,250,717 | — | — | |||
Exchange-Traded Funds | 10,420,249 | — | — | |||
63,889,062 | 3,861,966 | — | ||||
Other Financial Instruments | ||||||
Forward Foreign Currency Exchange Contracts | — | 24,325 | — |