Schedule of Investments | Aggressive Growth
|
|||||||
As of June 30, 2011 - (Unaudited)
|
|||||||
Common Stocks - 100.12%
|
|||||||
Number of Shares
|
Fair Value
|
||||||
BANKS - 3.17%
|
|||||||
8,075 |
First Midwest Bancorp, Inc.
|
$ | 99,242 | ||||
24,360 |
Nara Bancorp, Inc. *
|
198,047 | |||||
3,340 |
Signature Bank *
|
191,048 | |||||
8,898 |
Webster Financial Corp.
|
187,036 | |||||
675,373 | |||||||
CHEMICALS - 3.35%
|
|||||||
6,225 |
Airgas, Inc.
|
435,999 | |||||
5,000 |
Rockwood Holdings, Inc. *
|
276,450 | |||||
712,449 | |||||||
CONSUMER GOODS - 2.69%
|
|||||||
3,500 |
Coach, Inc.
|
223,755 | |||||
5,025 |
Crocs, Inc. *
|
129,394 | |||||
975 |
Polaris Industries, Inc.
|
108,391 | |||||
2,965 |
Steven Madden, Ltd. *
|
111,217 | |||||
572,757 | |||||||
EDUCATION - 0.56%
|
|||||||
3,595 |
K12, Inc. *
|
119,138 | |||||
FINANCIAL / INVESTMENT SERVICES - 6.05%
|
|||||||
2,425 |
Affliiated Managers Group, Inc. *
|
246,016 | |||||
13,250 |
Cardtronics, Inc. *
|
310,712 | |||||
12,484 |
Discover Financial Services
|
333,947 | |||||
6,811 |
FleetCor Technologies, Inc. *
|
201,878 | |||||
1,550 |
IntercontinentalExchange, Inc. *
|
193,301 | |||||
1,285,854 | |||||||
HEALTHCARE - 13.06%
|
|||||||
4,575 |
Accretive Health, Inc. *
|
131,714 | |||||
31,050 |
Akorn, Inc. *
|
217,350 | |||||
4,250 |
AmericsourceBergen Corp.
|
175,950 | |||||
24,520 |
Bruker Corp.*
|
499,227 | |||||
7,925 |
Caliper Life Sciences, Inc. *
|
64,272 | |||||
3,825 |
Catalyst Health Solutions, Inc. *
|
213,512 | |||||
3,805 |
Cepheid, Inc. *
|
131,805 | |||||
4,550 |
Cerner Corp. *
|
278,050 | |||||
7,125 |
ExamWorks Group, Inc. *
|
180,904 | |||||
2,075 |
IPC The Hospitalist Co., Inc. *
|
96,176 | |||||
8,350 |
NxStage Medical, Inc. *
|
173,847 | |||||
850 |
Quality Systems, Inc.
|
74,205 | |||||
5,697 |
Sirona Dental Systems, Inc. *
|
302,511 | |||||
13,650 |
Skilled Healthcare Group, Inc. - Class A *
|
129,129 | |||||
1,855 |
SXC Health Solutions Corp. *
|
109,297 | |||||
2,777,949 | |||||||
Schedule of Investments | Aggressive Growth
|
||||
As of June 30, 2011 - (Unaudited)
|
||||
Common Stocks - 100.12% (continued)
|
|||||||
Number of Shares
|
Fair Value
|
||||||
INDUSTRIALS / MACHINERY - 10.94%
|
|||||||
9,885 |
Altra Holdings, Inc. *
|
$ | 237,141 | ||||
5,194 |
Babcock & Wilcox Co. *
|
143,926 | |||||
3,940 |
Clean Harbors, Inc. *
|
406,805 | |||||
2,513 |
Gardner Denver, Inc.
|
211,218 | |||||
2,941 |
Goodrich Corp.
|
280,865 | |||||
1,875 |
HEICO Corp.
|
102,638 | |||||
2,500 |
HEICO Corp. - Class A
|
99,400 | |||||
5,300 |
Robbins & Myers, Inc.
|
280,105 | |||||
7,675 |
Rush Enterprises, Inc. - Class A *
|
146,055 | |||||
16,525 |
United Rentals, Inc. *
|
419,735 | |||||
2,327,888 | |||||||
INFORMATION TECHNOLOGY - 20.11%
|
|||||||
4,542 |
Advent Software, Inc. *
|
127,948 | |||||
3,450 |
Anixter International, Inc.
|
225,423 | |||||
7,711 |
Ariba, Inc. *
|
265,798 | |||||
5,415 |
Belden, Inc.
|
188,767 | |||||
2,780 |
Cognizant Technology Solutions Corp. - Class A *
|
203,885 | |||||
7,525 |
comScore, Inc. *
|
194,898 | |||||
3,216 |
Concur Technologies, Inc. *
|
161,025 | |||||
18,255 |
DemandTec, Inc. *
|
166,121 | |||||
5,637 |
Gartner, Inc. *
|
227,115 | |||||
7,125 |
Informatica Corp. *
|
416,314 | |||||
14,800 |
KIT Digital, Inc. *
|
176,712 | |||||
3,325 |
LogMein, Inc. *
|
128,245 | |||||
11,445 |
Parametric Technology Corp. *
|
262,434 | |||||
7,100 |
Polycom, Inc. *
|
456,530 | |||||
7,875 |
Super Micro Computer, Inc. *
|
126,709 | |||||
11,700 |
Synchronoss Technologies, Inc. *
|
371,241 | |||||
4,975 |
Syntel, Inc.
|
294,122 | |||||
6,415 |
VeriFone Systems, Inc. *
|
284,505 | |||||
4,277,792 | |||||||
INSTRUMENTS - 0.83%
|
|||||||
1,047 |
Mettler-Toledo International, Inc. *
|
176,597 | |||||
MISCELLANEOUS SERVICES - 9.17%
|
|||||||
7,300 |
Alterra Capital Holdings Ltd.
|
162,790 | |||||
12,765 |
AMN Healthcare Services, Inc. *
|
106,205 | |||||
5,325 |
Ancestry.com, Inc. *
|
220,402 | |||||
9,600 |
Gaylord Entertainment Co. *
|
288,000 | |||||
7,225 |
HFF, Inc. - Class A *
|
109,025 | |||||
5,300 |
InnerWorkings, Inc. *
|
44,202 | |||||
27,430 |
Kforce, Inc. *
|
358,784 | |||||
12,625 |
MDC Partners, Inc. - Class A
|
228,007 | |||||
7,725 |
SuccessFactors, Inc. *
|
227,115 | |||||
5,550 |
Taleo Corp. - Class A *
|
205,517 | |||||
1,950,047 | |||||||
Schedule of Investments | Aggressive Growth
|
||||
As of June 30, 2011 - (Unaudited)
|
||||
Common Stocks - 100.12% (continued)
|
|||||||
Number of Shares
|
Fair Value
|
||||||
OIL / NATURAL GAS - 4.89%
|
|||||||
13,530 |
Key Energy Services, Inc. *
|
$ | 243,540 | ||||
25,675 |
Kodiak Oil & Gas Corp. *
|
148,145 | |||||
3,225 |
Oil States International, Inc. *
|
257,710 | |||||
13,034 |
Rex Energy Corp. *
|
133,859 | |||||
4,522 |
Whiting Petroleum Corp. *
|
257,347 | |||||
1,040,601 | |||||||
PHARMACEUTICALS - 3.12%
|
|||||||
37,650 |
Ista Pharmaceuticals, Inc.
|
287,834 | |||||
16,900 |
NPS Pharmaceuticals, Inc. *
|
159,705 | |||||
8,975 |
Questcor Pharmaceutical, Inc. *
|
216,297 | |||||
663,836 | |||||||
RESTAURANTS - 4.10%
|
|||||||
15,825 |
Cheesecake Factory, Inc. *
|
496,430 | |||||
6,925 |
Domino's Pizza, Inc. *
|
174,787 | |||||
11,458 |
Texas Roadhouse, Inc.
|
200,916 | |||||
872,133 | |||||||
RETAIL - 7.56%
|
|||||||
15,855 |
Express, Inc.
|
345,639 | |||||
4,225 |
Family Dollar Stores, Inc.
|
222,066 | |||||
1,622 |
Fossil, Inc. *
|
190,942 | |||||
3,735 |
Group 1 Automotive, Inc.
|
153,807 | |||||
21,125 |
Pier 1 Imports, Inc. *
|
244,416 | |||||
1,950 |
Ross Stores, Inc.
|
156,234 | |||||
2,205 |
Tractor Supply Co.
|
147,470 | |||||
2,300 |
Ulta Salon Cosmetics & Fragrance, Inc. *
|
148,534 | |||||
1,609,108 | |||||||
SEMICONDUCTORS - 6.98%
|
|||||||
9,525 |
Avago Technologies, Ltd.
|
361,950 | |||||
22,143 |
Cypress Semiconductor Corp. *
|
468,103 | |||||
2,812 |
Netlogic Microsystems, Inc. *
|
113,661 | |||||
4,475 |
OmniVision Technologies, Inc. *
|
155,775 | |||||
19,425 |
ON Semiconductor Corp. *
|
203,380 | |||||
7,940 |
Skyworks Solutions, Inc. *
|
182,461 | |||||
1,485,330 | |||||||
TELECOMMUNICATIONS - 0.84%
|
|||||||
2,652 |
Aruba Networks, Inc. *
|
78,367 | |||||
975 |
Interactive Intelligence Group *
|
34,174 | |||||
1,675 |
SAVVIS, Inc. *
|
66,213 | |||||
178,754 | |||||||
TRANSPORTATION - 2.70%
|
|||||||
5,132 |
Atlas Air Worldwide Holdings, Inc. *
|
305,405 | |||||
4,950 |
Hub Group, Inc. - Class A *
|
186,417 | |||||
5,435 |
RailAmerica, Inc. *
|
81,525 | |||||
573,347 | |||||||
Total Common Stocks (cost $18,960,889)
|
21,298,953 | ||||||
Schedule of Investments | Aggressive Growth
|
||||
As of June 30, 2011 - (Unaudited)
|
||||
REITs - 1.23%
|
|||||||
Number of Shares
|
Fair Value
|
||||||
1,925 |
Essex Property Trust, Inc.
|
$ | 260,433 | ||||
Total REITs (cost $258,335)
|
260,433 | ||||||
Money Market Fund - 0.42%
|
|||||||
Number of Shares
|
Fair Value
|
||||||
89,924 |
Fidelity Institutional Money Market Portfolio, 0.08% (A)
|
89,924 | |||||
Total Money Market Fund (cost $89,924)
|
89,924 | ||||||
TOTAL INVESTMENTS (cost $19,309,148) - 101.77%
|
$ | 21,649,310 | |||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (1.77)%
|
(376,517 | ) | |||||
NET ASSETS - 100.00%
|
$ | 21,272,793 | |||||
* Non-income producing securities.
|
|||||||
(A) Variable rate security; the rate shown represents the yield at June 30, 2011.
|
Schedule of Investments | International
|
|||||||
As of June 30, 2011 - (Unaudited)
|
|||||||
Common Stocks - 90.97%
|
|||||||
Number of Shares
|
Fair Value
|
||||||
AUTOMOTIVE - 5.04%
|
|||||||
92,000 |
Fiat SpA (ADR) (B)
|
$ | 1,016,600 | ||||
11,800 |
Magna International, Ltd.
|
637,672 | |||||
24,000 |
Tata Motors Ltd. (ADR)
|
540,240 | |||||
2,194,512 | |||||||
BANKS - 8.96%
|
|||||||
25,600 |
Banco Bradesco SA (ADR)
|
524,544 | |||||
11,000 |
BOC Hong Kong Holdings, Ltd. (ADR) (B)
|
641,630 | |||||
30,000 |
DBS Group Holdings, Ltd. (ADR) (B)
|
1,440,300 | |||||
29,000 |
Sberbank of Russia (ADR) (B)
|
419,340 | |||||
74,000 |
Societe Generale (ADR) (B)
|
879,490 | |||||
3,905,304 | |||||||
BUILDING & CONSTRUCTION - 2.99%
|
|||||||
30,000 |
Anhui Expressway Co., Ltd. * (B)
|
250,602 | |||||
41,000 |
Vinci SA (ADR) (B)
|
658,460 | |||||
109,000 |
Wienerberger AG (ADR) (B)
|
394,580 | |||||
1,303,642 | |||||||
CHEMICALS - 8.20%
|
|||||||
12,500 |
Agrium, Inc.
|
1,097,000 | |||||
33,400 |
Henkel AG & Co. KGaA (ADR) (B)
|
1,916,158 | |||||
8,300 |
Syngenta AG (ADR)
|
560,748 | |||||
3,573,906 | |||||||
CONSUMER GOODS - 8.57%
|
|||||||
29,300 |
Arcos Dorados Holdings, Inc. - Class A
|
617,937 | |||||
13,000 |
CSM NV (ADR) (B)
|
437,460 | |||||
30,550 |
FUJIFILM Holdings Corp. (ADR) (B)
|
954,077 | |||||
14,000 |
Kerry Group PLC (ADR) (B)
|
578,792 | |||||
20,000 |
Marine Harvest (ADR) (B)
|
322,508 | |||||
20,000 |
Shiseido Co, Ltd. (ADR) (B)
|
375,400 | |||||
75,000 |
Techtronic Industries Co. - Class I (ADR) (B)
|
447,750 | |||||
3,733,924 | |||||||
DIVERSIFIED OPERATIONS - 0.96%
|
|||||||
7,000 |
Hitachi, Ltd. (ADR)
|
416,920 | |||||
ELECTRIC POWER - 3.23%
|
|||||||
63,000 |
Enel S.p.A. (ADR) (B)
|
413,910 | |||||
6,000 |
International Power PLC (ADR) (B)
|
308,700 | |||||
90,000 |
Power Asset Holdings, Ltd. (ADR) (B)
|
684,900 | |||||
1,407,510 | |||||||
FINANCIAL / INVESTMENT SERVICES - 2.89%
|
|||||||
204,000 |
3i Group PLC (ADR) (B)
|
460,326 | |||||
16,300 |
ORIX Corp. (ADR)
|
796,907 | |||||
1,257,233 | |||||||
HEALTHCARE - 8.41%
|
|||||||
21,000 |
Fresenius Medical Care AG & Co. KGaA (ADR)
|
1,568,700 | |||||
7,000 |
Shire PLC (ADR)
|
659,470 | |||||
26,500 |
Smith & Nephew PLC (ADR)
|
1,435,240 | |||||
3,663,410 | |||||||
Schedule of Investments | International
|
||||
As of June 30, 2011 - (Unaudited)
|
||||
Common Stocks - 90.97% (continued)
|
|||||||
Number of Shares
|
Fair Value
|
||||||
INDUSTRIALS - 2.86%
|
|||||||
30,000 |
Atlas Copco AB - Class B (ADR) (B)
|
$ | 708,600 | ||||
50,000 |
Cookson Group PLC (ADR) (B)
|
539,830 | |||||
1,248,430 | |||||||
INFORMATION TECHNOLOGY - 7.73%
|
|||||||
22,000 |
AAC Technologies Holdings, Inc. (ADR) (B)
|
512,307 | |||||
17,000 |
CANON, INC. (ADR)
|
809,030 | |||||
21,000 |
Globe Telecom, Inc. (ADR) (B)
|
433,228 | |||||
103,300 |
Infineon Technologies AG (ADR) (B)
|
1,162,125 | |||||
10,200 |
VeriFone Systems, Inc. *
|
452,370 | |||||
3,369,060 | |||||||
INSURANCE - 2.01%
|
|||||||
34,500 |
Zurich Financial Services AG (ADR) * (B)
|
874,230 | |||||
MINERALS & MINING - 5.76%
|
|||||||
32,380 |
Anglo American PLC (ADR) * (B)
|
804,643 | |||||
11,200 |
BHP Billiton PLC (ADR)
|
878,416 | |||||
28,600 |
Vale SA (ADR)
|
828,256 | |||||
2,511,315 | |||||||
OIL / NATURAL GAS - 8.68%
|
|||||||
57,000 |
Afren PLC (ADR) * (B)
|
722,475 | |||||
17,000 |
Lukoil OAO (ADR) (B)
|
1,083,750 | |||||
70,400 |
Precision Drilling Corp. *
|
1,010,944 | |||||
19,668 |
Statoil ASA (ADR)
|
500,551 | |||||
18,000 |
Subsea 7 SA (ADR) (B)
|
462,960 | |||||
3,780,680 | |||||||
RETAIL - 2.03%
|
|||||||
37,000 |
William Morrison Supermarkets plc (ADR) (B)
|
884,670 | |||||
SERVICES - 5.61%
|
|||||||
48,000 |
ABB, Ltd. (ADR) *
|
1,245,600 | |||||
38,600 |
Focus Media Holding, Ltd. (ADR) *
|
1,200,460 | |||||
2,446,060 | |||||||
TELECOMMUNICATIONS - 5.28%
|
|||||||
13,200 |
America Movil SAB de C.V. - Series L (ADR)
|
711,216 | |||||
62,000 |
Singapore Telecommunications, Ltd. (ADR) (B)
|
1,590,920 | |||||
2,302,136 | |||||||
TELEVISION - 1.76%
|
|||||||
36,000 |
CTC Media, Inc.
|
767,520 | |||||
Total Common Stocks (cost $34,061,651)
|
39,640,462 | ||||||
Schedule of Investments | International
|
|
As of June 30, 2011 - (Unaudited)
|
|
Money Market Fund - 10.58%
|
|||||||
Number of Shares
|
Fair Value
|
||||||
4,608,765 |
Fidelity Institutional Money Market Portfolio, 0.08% (A)
|
$ | 4,608,765 | ||||
Total Money Market Fund (cost $4,608,765)
|
4,608,765 | ||||||
TOTAL INVESTMENTS (cost $38,670,416) - 101.55%
|
$ | 44,249,227 | |||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (1.55)%
|
(673,139 | ) | |||||
NET ASSETS - 100.00%
|
$ | 43,576,088 | |||||
(ADR) American Depositary Receipt.
|
|||||||
* Non-income producing securities.
|
|||||||
(A) Variable rate security; the rate shown represents the yield at June 30, 2011.
|
|||||||
(B) Securities are priced using an evaluated bid provided by an independent pricing source, which is based on the Fund's Good Faith Pricing Guidelines.
|
|||||||
Such values are approved by the Board of Trustees and are considered Level 2 securities in accordance with GAAP valuation methods.
|
|||||||
The total value of such securities at June 30, 2011 is $22,380,721, which represents 51% of net assets.
|
|||||||
Diversification of Assets
|
|||||||
Country
|
Percentage of Net Assets
|
||||||
Argentina
|
1.42 | % | |||||
Austria
|
0.91 | % | |||||
Brazil
|
3.11 | % | |||||
Canada
|
6.30 | % | |||||
China
|
4.51 | % | |||||
France
|
3.53 | % | |||||
Germany
|
10.66 | % | |||||
Hong Kong
|
2.50 | % | |||||
India
|
1.24 | % | |||||
Ireland
|
2.84 | % | |||||
Italy
|
3.28 | % | |||||
Japan
|
7.69 | % | |||||
Mexico
|
1.63 | % | |||||
Niger
|
1.00 | % | |||||
Norway
|
1.89 | % | |||||
Philippines
|
0.99 | % | |||||
Russia
|
5.21 | % | |||||
Singapore
|
6.96 | % | |||||
Sweden
|
1.63 | % | |||||
Switzerland
|
6.15 | % | |||||
United Kingdom
|
16.48 | % | |||||
United States
|
1.04 | % | |||||
Total
|
90.97 | % | |||||
Money Market Funds
|
10.58 | % | |||||
Liabilities in excess of Other Assets
|
(1.55 | )% | |||||
Grand Total
|
100.00 | % |
Schedule of Investments | Large/Mid Cap Growth
|
|||||||
As of June 30, 2011 - (Unaudited)
|
|||||||
Common Stocks - 94.15%
|
|||||||
Number of Shares
|
Fair Value
|
||||||
BANKS - 1.78%
|
|||||||
41,127 |
Webster Financial Corp.
|
$ | 864,490 | ||||
CHEMICALS - 3.54%
|
|||||||
16,555 |
Airgas, Inc. *
|
1,159,512 | |||||
10,100 |
Rockwood Holdings, Inc. *
|
558,429 | |||||
1,717,941 | |||||||
CONSUMER GOODS - 7.98%
|
|||||||
4,430 |
Coach, Inc.
|
283,210 | |||||
18,000 |
Crocs, Inc.*
|
463,500 | |||||
25,730 |
Emerson Electric Co.
|
1,447,312 | |||||
10,450 |
Family Dollar Stores, Inc.
|
549,252 | |||||
17,270 |
McCormick & Co., Inc./MD
|
856,074 | |||||
2,450 |
Polaris Industrials, Inc.
|
272,367 | |||||
3,871,715 | |||||||
FINANCIAL / INVESTMENT SERVICES - 10.03%
|
|||||||
10,980 |
Affliiated Managers Group, Inc. *
|
1,113,921 | |||||
36,000 |
Discover Financial Services
|
963,000 | |||||
18,030 |
FleetCor Technologies, Inc. *
|
534,409 | |||||
5,990 |
IntercontinentalExchange, Inc. *
|
747,013 | |||||
29,050 |
SEI Investments Co.
|
653,916 | |||||
14,150 |
T. Rowe Price Group, Inc.
|
853,811 | |||||
4,866,070 | |||||||
HEALTHCARE - 10.81%
|
|||||||
45,135 |
AmerisourceBergen Corp.
|
1,868,589 | |||||
28,570 |
Bruker Corp. *
|
581,685 | |||||
11,040 |
Cerner Corp. *
|
674,654 | |||||
6,870 |
C.R. Bard, Inc.
|
754,738 | |||||
19,560 |
Patterson Cos., Inc.
|
643,328 | |||||
15,040 |
St. Jude Medical, Inc.
|
717,107 | |||||
5,240,101 | |||||||
INDUSTRIALS / MACHINERY - 12.42%
|
|||||||
18,722 |
Babcock & Wilcox Co. *
|
518,787 | |||||
10,425 |
Gardner Denver, Inc.*
|
876,221 | |||||
9,200 |
General Dynamics Corp.
|
685,584 | |||||
10,950 |
Goodrich Corp.
|
1,045,725 | |||||
27,600 |
Johnson Controls, Inc.
|
1,149,816 | |||||
17,970 |
Sirona Dental Systems, Inc.*
|
954,207 | |||||
31,200 |
United Rentals, Inc. *
|
792,480 | |||||
6,022,820 | |||||||
Schedule of Investments | Large/Mid Cap Growth
|
||||
As of June 30, 2011 - (Unaudited)
|
||||
Common Stocks - 94.15% (Continued)
|
|||||||||||
Number of Shares
|
Fair Value
|
||||||||||
INFORMATION TECHNOLOGY - 10.07%
|
|||||||||||
9,110 |
Anixter International, Inc.
|
$ | 595,247 | ||||||||
24,200 |
Ariba, Inc.*
|
834,174 | |||||||||
3,720 |
Cognizant Technology Solutions Corp. - Class A *
|
272,825 | |||||||||
14,321 |
Informatica Corp. *
|
836,776 | |||||||||
34,300 |
Parametric Technology Corp. *
|
786,499 | |||||||||
21,300 |
Taleo Corp. - Class A *
|
788,739 | |||||||||
17,300 |
VeriFone Systems, Inc. *
|
767,255 | |||||||||
4,881,515 | |||||||||||
INSTRUMENTS - 0.46%
|
|||||||||||
1,320 |
Mettler-Toledo International, Inc. *
|
222,644 | |||||||||
MISCELLANEOUS SERVICES - 6.65%
|
|||||||||||
21,120 |
Aptargroup, Inc.
|
1,105,421 | |||||||||
5,500 |
Clean Harbors, Inc.*
|
567,875 | |||||||||
50,490 |
Paychex, Inc.
|
1,551,053 | |||||||||
3,224,349 | |||||||||||
OIL & NATURAL GAS - 12.17%
|
|||||||||||
8,330 |
Ensco PLC (ADR)
|
443,989 | |||||||||
27,550 |
Exxon Mobil Corp.
|
2,242,019 | |||||||||
14,910 |
Occidental Petroleum Corp.
|
1,551,236 | |||||||||
7,400 |
Oil States Internatational, Inc.*
|
591,334 | |||||||||
18,830 |
Whiting Petroleum Corp. *
|
1,071,615 | |||||||||
5,900,193 | |||||||||||
RETAIL - 4.39%
|
|||||||||||
8,150 |
Ross Stores, Inc.
|
652,978 | |||||||||
4,790 |
Tractor Supply Co.
|
320,355 | |||||||||
5,020 |
Ultra Salon Cosmetics & Fragrance, Inc. *
|
324,192 | |||||||||
41,500 |
Western Union Co.
|
831,245 | |||||||||
2,128,770 | |||||||||||
Schedule of Investments | Large/Mid Cap Growth
|
||||
As of June 30, 2011 - (Unaudited)
|
||||
Common Stocks - 94.15% (Continued)
|
|||||||
Number of Shares
|
Fair Value
|
||||||
SEMICONDUCTORS - 7.74%
|
|||||||
21,700 |
Avago Technologies Ltd.
|
$ | 824,600 | ||||
36,400 |
Cypress Semiconductor Corp.*
|
769,496 | |||||
21,600 |
Microchip Technology, Inc.
|
818,856 | |||||
72,925 |
ON Semiconductor Corp. *
|
763,525 | |||||
25,125 |
Skyworks Solutions, Inc. *
|
577,373 | |||||
3,753,850 | |||||||
TELECOMMUNICATIONS - 6.11%
|
|||||||
16,400 |
Ampheno Corp. - Class A
|
885,436 | |||||
10,600 |
L-3 Communications Holdings, Inc.
|
926,970 | |||||
17,890 |
Polycom, Inc.*
|
1,150,327 | |||||
2,962,733 | |||||||
Total Common Stocks (cost $40,848,789)
|
45,657,191 | ||||||
REITs - 1.47%
|
|||||||
Number of Shares
|
Fair Value
|
||||||
5,270 |
Essex Property Trust, Inc.
|
712,978 | |||||
Total REITs (cost $707,097)
|
712,978 | ||||||
Money Market Fund - 3.14%
|
|||||||
Number of Shares
|
Fair Value
|
||||||
1,522,294 |
Fidelity Institutional Money Market Portfolio, 0.08% (A)
|
1,522,294 | |||||
Total Money Market Fund (cost $1,522,294)
|
1,522,294 | ||||||
TOTAL INVESTMENTS (cost $43,078,180) - 98.76%
|
$ | 47,892,463 | |||||
OTHER ASSETS LESS LIABILITIES - 1.24%
|
601,898 | ||||||
NET ASSETS - 100.00%
|
$ | 48,494,361 | |||||
*Non-income producing securities.
|
|||||||
(ADR) American Depositary Receipt.
|
|||||||
(A) Variable rate security; the rate shown represents the yield at June 30, 2011.
|
Schedule of Investments | Small Cap Value
|
|||||||
As of June 30, 2011 - (Unaudited)
|
|||||||
Common Stocks - 90.06%
|
|||||||
Number of Shares
|
Fair Value
|
||||||
AEROSPACE EQUIPMENT - 4.72%
|
|||||||
8,900 |
Esterline Technologies Corp. *
|
$ | 679,960 | ||||
30,000 |
Moog, Inc. - Class A *
|
1,305,600 | |||||
12,500 |
Teledyne Technologies, Inc. *
|
629,500 | |||||
2,615,060 | |||||||
BANKS - 13.92%
|
|||||||
15,428 |
Bancfirst Corp.
|
595,521 | |||||
38,833 |
Center Financial Corp. *
|
246,589 | |||||
62,403 |
Chemical Financial Corp.
|
1,170,680 | |||||
71,308 |
Columbia Banking System, Inc.
|
1,227,924 | |||||
5,989 |
First Citizens BancShares, Inc. - Class A
|
1,121,260 | |||||
74,500 |
First Financial Bancorp
|
1,243,405 | |||||
29,692 |
Nara Bancorp, Inc. *
|
241,396 | |||||
11,900 |
SVB Financial Group *
|
710,549 | |||||
36,000 |
Wintrust Financial Corp.
|
1,158,480 | |||||
7,715,804 | |||||||
CHEMICALS - 2.21%
|
|||||||
33,059 |
Sensient Technologies Corp.
|
1,225,497 | |||||
COAL - 2.26%
|
|||||||
58,700 |
Cloud Peak Energy, Inc. *
|
1,250,310 | |||||
CONSTRUCTION - 3.25%
|
|||||||
38,070 |
Layne Christensen Co. *
|
1,155,044 | |||||
49,500 |
TMS International Corp. - Class A
|
645,975 | |||||
1,801,019 | |||||||
CONSUMER GOODS - 2.22%
|
|||||||
29,500 |
Wolverine World Wide, Inc.
|
1,231,625 | |||||
ELECTRIC POWER - 5.66%
|
|||||||
25,000 |
Avista Corp.
|
642,250 | |||||
35,400 |
Cleco Corp. *
|
1,233,690 | |||||
38,000 |
NorthWestern Corp.
|
1,258,180 | |||||
3,134,120 | |||||||
FINANCIAL & INVESTMENT SERVICES - 4.17%
|
|||||||
85,317 |
Calamos Asset Management, Inc. - Class A
|
1,238,803 | |||||
97,200 |
Knight Capital Group, Inc. - Class A *
|
1,071,144 | |||||
2,309,947 | |||||||
HEALTHCARE - 3.39%
|
|||||||
38,131 |
Natus Medical, Inc. *
|
577,685 | |||||
30,680 |
Orthofix International NV *
|
1,302,980 | |||||
1,880,665 | |||||||
Schedule of Investments | Small Cap Value
|
|
As of June 30, 2011 - (Unaudited)
|
|
Common Stocks - 90.06% (Continued)
|
|||||||
Number of Shares
|
Fair Value
|
||||||
INDUSTRIALS - 9.26%
|
|||||||
28,495 |
AAON, Inc.
|
$ | 622,331 | ||||
30,697 |
A.O. Smith Corp.
|
1,298,483 | |||||
20,005 |
Hurco Cos, Inc. *
|
644,361 | |||||
33,000 |
Kaydon Corp.
|
1,231,560 | |||||
38,600 |
TAL International Group, Inc.
|
1,332,858 | |||||
5,129,593 | |||||||
INFORMATION TECHNOLOGY - 6.40%
|
|||||||
69,491 |
Benchmark Electronics, Inc.*
|
1,146,601 | |||||
27,400 |
ManTech International Corp. - Class A
|
1,217,108 | |||||
37,200 |
SYNNEX Corp. *
|
1,179,240 | |||||
3,542,949 | |||||||
INSURANCE - 5.52%
|
|||||||
53,923 |
AMERISAFE, Inc. *
|
1,219,738 | |||||
37,400 |
Employers Holdings, Inc.
|
627,198 | |||||
11,612 |
Infinity Property & Casualty Corp.
|
634,712 | |||||
13,670 |
Safety Insurance Group, Inc.
|
574,687 | |||||
3,056,335 | |||||||
MISCELLANEOUS SERVICES - 5.69%
|
|||||||
98,166 |
Matrix Service, Co. *
|
1,313,461 | |||||
41,900 |
Pioneer Drilling, Co. *
|
638,556 | |||||
39,200 |
Rent-A-Center, Inc.
|
1,197,952 | |||||
3,149,969 | |||||||
OIL & NATURAL GAS - 6.43%
|
|||||||
173,626 |
Gastar Exploration Ltd. *
|
595,537 | |||||
25,761 |
Georesources, Inc. *
|
579,365 | |||||
34,650 |
Petroleum Development Corp. *
|
1,036,381 | |||||
17,900 |
Swift Energy, Co. *
|
667,133 | |||||
178,906 |
Warren Resources, Inc. *
|
681,632 | |||||
3,560,048 | |||||||
RESTAURANTS - 2.23%
|
|||||||
37,200 |
Papa Johns International, Inc. *
|
1,237,272 | |||||
RETAIL - 2.78%
|
|||||||
74,100 |
Kirkland's, Inc. *
|
890,682 | |||||
33,202 |
Spartan Stores, Inc.
|
648,435 | |||||
1,539,117 | |||||||
SEMICONDUCTORS - 4.33%
|
|||||||
34,100 |
Kraton Performance Polymers, Inc. *
|
1,335,697 | |||||
22,000 |
Veeco Instruments, Inc. *
|
1,065,020 | |||||
2,400,717 | |||||||
Schedule of Investments | Small Cap Value
|
||||
As of June 30, 2011 - (Unaudited)
|
||||
Common Stocks - 90.06% (Continued)
|
|||||||
Number of Shares
|
Fair Value
|
||||||
TRANSPORTATION - 5.62%
|
|||||||
10,400 |
Genesee & Wyoming, Inc. - Class A *
|
$ | 609,856 | ||||
28,064 |
Landstar System, Inc.
|
1,304,415 | |||||
70,763 |
Saia Inc. *
|
1,199,433 | |||||
3,113,704 | |||||||
Total Common Stocks (cost $46,697,088)
|
49,893,751 | ||||||
REITs - 8.43%
|
|||||||
Number of Shares
|
Fair Value
|
||||||
72,065 |
Coresite Realty Corp.
|
1,181,866 | |||||
218,500 |
DCT Industrial Trust, Inc.
|
1,142,755 | |||||
9,400 |
Equity Lifestyle Properties, Inc.
|
586,936 | |||||
27,200 |
Healthcare Realty Trust, Inc.
|
561,136 | |||||
16,800 |
Potlatch Corp.
|
592,536 | |||||
18,600 |
Washington Real Estate Investment Trust
|
604,872 | |||||
Total REITs (cost $4,512,045)
|
4,670,101 | ||||||
Money Market Fund - 1.57%
|
|||||||
Number of Shares
|
Fair Value
|
||||||
869,940 |
Fidelity Institutional Money Market Portfolio, 0.08% (A)
|
$ | 869,940 | ||||
Total Money Market Fund (cost $869,940)
|
869,940 | ||||||
TOTAL INVESTMENTS (cost $52,079,073) - 100.06%
|
$ | 55,433,792 | |||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.06)%
|
(32,355 | ) | |||||
NET ASSETS - 100.00%
|
$ | 55,401,437 | |||||
* Non-income producing securities.
|
|||||||
(A) Variable rate security; the rate shown represents the yield at June 30, 2011.
|
Schedule of Investments | Large/Mid Cap Value
|
|||||||
As of June 30, 2011 - (Unaudited)
|
|||||||
Common Stocks - 89.70%
|
|||||||
Number of Shares
|
Fair Value
|
||||||
BANKS - 2.11%
|
|||||||
51,400 |
CIT Group, Inc. *
|
$ | 2,274,964 | ||||
CONSUMER GOODS - 12.35%
|
|||||||
28,500 |
BorgWarner, Inc. *
|
2,302,515 | |||||
56,900 |
Dr Pepper Snapple Group, Inc.
|
2,385,817 | |||||
48,800 |
Emerson Electric Co.
|
2,745,000 | |||||
33,400 |
JM Smucker Co./The
|
2,553,096 | |||||
21,300 |
Lear Corp.
|
1,139,124 | |||||
71,300 |
Sysco Corp.
|
2,223,134 | |||||
13,348,686 | |||||||
ELECTRIC POWER - 6.30%
|
|||||||
57,800 |
American Electric Power Co., Inc.
|
2,177,904 | |||||
47,000 |
Dominion Resources, Inc.
|
2,268,690 | |||||
53,300 |
FirstEnergy Corp.
|
2,353,195 | |||||
6,799,789 | |||||||
FINANCIAL & INVESTMENT SERVICES - 8.07%
|
|||||||
10,900 |
BlackRock, Inc.
|
2,090,729 | |||||
57,800 |
Eaton Vance Corp.
|
1,747,294 | |||||
17,100 |
Franklin Resources, Inc.
|
2,245,059 | |||||
112,600 |
Invesco, Ltd.
|
2,634,840 | |||||
8,717,922 | |||||||
HEALTHCARE - 9.05%
|
|||||||
79,700 |
CareFusion Corp. *
|
2,165,449 | |||||
56,600 |
Covidien PLC
|
3,012,818 | |||||
22,800 |
CR Bard, Inc.
|
2,504,808 | |||||
28,800 |
DENTSPLY International, Inc.
|
1,096,704 | |||||
20,900 |
St. Jude Medical, Inc.
|
996,512 | |||||
9,776,291 | |||||||
INDUSTRIALS - 6.43%
|
|||||||
28,500 |
General Dynamics Corp.
|
2,123,820 | |||||
24,273 |
Goodrich Corp.
|
2,318,072 | |||||
15,200 |
Precision Castparts Corp.
|
2,502,680 | |||||
6,944,572 | |||||||
INFORMATION TECHNOLOGY - 5.38%
|
|||||||
110,600 |
CA, Inc.
|
2,526,104 | |||||
26,900 |
Microchip Technology, Inc.
|
1,019,779 | |||||
61,500 |
TE Connectviity Ltd.
|
2,260,740 | |||||
5,806,623 | |||||||
INSURANCE - 8.26%
|
|||||||
37,700 |
ACE, Ltd.
|
2,481,414 | |||||
63,100 |
Arch Capital Group, Ltd. *
|
2,014,152 | |||||
63,000 |
Axis Capital Holdings Ltd.
|
1,950,480 | |||||
60,100 |
Willis Group Holdings, PLC
|
2,470,711 | |||||
8,916,757 | |||||||
Schedule of Investments | Large/Mid Cap Value
|
||||
As of June 30, 2011 - (Unaudited)
|
||||
Common Stocks - 89.70% (Continued)
|
|||||||
Number of Shares
|
Fair Value
|
||||||
MACHINERY - 4.86%
|
|||||||
34,000 |
Deere & Co.
|
$ | 2,803,300 | ||||
22,200 |
Flowserve Corp.
|
2,439,558 | |||||
5,242,858 | |||||||
OIL & NATURAL GAS - 19.89%
|
|||||||
30,300 |
Anadarko Petroleum Corp.
|
2,325,828 | |||||
18,400 |
Apache Corp.
|
2,270,376 | |||||
18,600 |
ConocoPhillips
|
1,398,534 | |||||
45,200 |
EQT Corp.
|
2,373,904 | |||||
41,000 |
Exxon Mobil Corp.
|
3,336,580 | |||||
44,400 |
Marathon Oil Corp.
|
2,338,992 | |||||
34,700 |
Murphy Oil Corp.
|
2,278,402 | |||||
27,300 |
National Oilwell Varco, Inc.
|
2,135,133 | |||||
29,000 |
Occidental Petroleum Corp.
|
3,017,160 | |||||
21,474,909 | |||||||
RETAIL - 4.45%
|
|||||||
40,100 |
Advance Auto Parts, Inc.
|
2,345,449 | |||||
29,300 |
Sherwin-Williams Co./The
|
2,457,391 | |||||
4,802,840 | |||||||
TRANSPORTATION - 2.55%
|
|||||||
26,400 |
Union Pacific Corp.
|
2,756,160 | |||||
Total Common Stocks (cost $75,368,569)
|
96,862,371 | ||||||
Master Limited Partnerships - 1.84%
|
|||||||
Number of Shares
|
Fair Value
|
||||||
53,700 |
Lazard, Ltd. - Class A
|
1,992,270 | |||||
Total Master Limited Partnerships (cost $2,107,162)
|
1,992,270 | ||||||
REITs - 4.56%
|
|||||||
Number of Shares
|
Fair Value
|
||||||
61,400 |
HCP, Inc.
|
2,252,766 | |||||
23,400 |
Public Storage
|
2,667,834 | |||||
Total REITs (cost $3,613,173)
|
4,920,600 | ||||||
Money Market Fund - 3.86%
|
|||||||
Number of Shares
|
Fair Value
|
||||||
4,164,992 |
Fidelity Institutional Money Market Portfolio, 0.08% (A)
|
$ | 4,164,992 | ||||
Total Money Market Fund (cost $4,164,992)
|
4,164,992 | ||||||
TOTAL INVESTMENTS (cost $85,253,896) - 99.96%
|
$ | 107,940,233 | |||||
OTHER ASSETS LESS LIABILITIES - 0.04%
|
45,048 | ||||||
NET ASSETS - 100.00%
|
$ | 107,985,281 | |||||
* Non-income producing securities.
|
|||||||
(A) Variable rate security; the rate shown represents the yield at June 30, 2011.
|
Schedule of Investments | Fixed Income
|
|||||||
As of June 30, 2011 - (Unaudited)
|
|||||||
Bonds and Notes - 95.95%
|
|||||||
Par Value
|
Fair Value
|
||||||
ASSET-BACKED SECURITIES - 0.30%
|
|||||||
$ | 55,080 |
John Deere Owner Trust, 2.59%, 10/15/2013
|
$ | 55,419 | |||
145,000 |
John Deere Owner Trust, 3.96%, 05/16/2016
|
149,107 | |||||
Total Asset-Backed Securities (cost $200,446)
|
204,526 | ||||||
CORPORATE BONDS - 23.38%
|
|||||||
500,000 |
America Movil SAB de C.V., 5.00%, 03/30/2020
|
524,100 | |||||
1,000,000 |
Cameron International Corp., 6.375%, 07/15/2018
|
1,143,995 | |||||
750,000 |
Canadian National Railway Co., 5.80%, 06/01/2016
|
859,729 | |||||
750,000 |
ConocoPhillips, 4.60%, 01/15/2015
|
829,090 | |||||
500,000 |
Covidien International Finance SA, 5.45%, 10/15/2012
|
529,296 | |||||
950,000 |
Dominion Resources, Inc., 5.00%, 03/15/2013
|
1,013,236 | |||||
350,000 |
Energy Transfer Partners LP, 6.70%, 07/01/2018
|
394,981 | |||||
500,000 |
Enterprise Products Operating, LLC, 6.125%, 10/15/2039
|
510,190 | |||||
900,000 |
ERP Operating LP, 5.125%, 03/15/2016
|
982,195 | |||||
500,000 |
Express Scripts, Inc., 5.25%, 06/15/2012
|
520,309 | |||||
500,000 |
Johnson Controls, Inc., 5.00%, 03/30/2020
|
532,233 | |||||
750,000 |
Kinder Morgan Energy Partners LP, 5.125%, 11/15/2014
|
823,870 | |||||
500,000 |
L-3 Communications, Corp., 5.20%, 10/15/2019
|
518,571 | |||||
750,000 |
Marathon Oil Corp., 6.00%, 10/01/2017
|
862,702 | |||||
750,000 |
Nisource Finance Corp., 5.40%, 07/15/2014
|
825,039 | |||||
500,000 |
Oneok, Inc., 5.20%, 06/15/2015
|
547,572 | |||||
750,000 |
Simon Property Group LP, 5.75%, 12/01/2015
|
842,716 | |||||
500,000 |
Transocean, Inc., 6.00%, 03/15/2018
|
554,361 | |||||
1,000,000 |
Tyco Electronics Group SA, 6.00%, 10/01/2012
|
1,060,666 | |||||
500,000 |
Valero Energy Corp., 6.625%, 06/15/2037
|
522,972 | |||||
750,000 |
Weatherford International, Ltd., 4.95%, 10/15/2013
|
799,303 | |||||
750,000 |
Willis North America, Inc., 6.20%, 03/28/2017
|
818,746 | |||||
Total Corporate Bonds (cost $14,740,059)
|
16,015,872 | ||||||
U.S. GOVERNMENT & AGENCY OBLIGATIONS - 72.27%
|
|||||||
Government Notes & Bonds - 31.02%
|
|||||||
1,500,000 |
Federal Farm Credit Bank, 4.875%, 01/17/2017
|
1,709,216 | |||||
2,500,000 |
Federal Farm Credit Bank, 5.125%, 08/25/2016
|
2,874,037 | |||||
2,000,000 |
Federal Home Loan Bank, 5.00%, 11/17/2017
|
2,300,602 | |||||
1,500,000 |
Federal Home Loan Bank, 5.50%, 08/13/2014
|
1,710,936 | |||||
1,500,000 |
U.S. Treasury Bond, 4.375%, 05/15/2040
|
1,499,304 | |||||
1,000,000 |
U.S. Treasury Bond, 5.00%, 05/15/2037
|
1,110,938 | |||||
4,000,000 |
U.S. Treasury Note, 3.125%, 05/15/2019
|
4,130,624 | |||||
2,000,000 |
U.S. Treasury Note, 3.125%, 05/15/2021
|
1,994,692 | |||||
2,000,000 |
U.S. Treasury Note, 3.875%, 05/15/2018
|
2,191,094 | |||||
1,550,000 |
U.S. Treasury Note, 4.75%, 05/15/2014
|
1,725,950 | |||||
Total Government Notes & Bonds (cost $20,990,995)
|
21,247,393 |
Schedule of Investments | Fixed Income
|
||||
As of June 30, 2011 - (Unaudited)
|
||||
Bonds and Notes - 95.95% (continued)
|
|||||||
Par Value
|
Fair Value
|
||||||
U.S. GOVERNMENT & AGENCY OBLIGATIONS - 72.27% (continued)
|
|||||||
Government Mortgage-Backed Securities - 34.15%
|
|||||||
$ | 104,420 |
GNMA Pool 3584, 6.00%, 07/20/2034
|
$ | 115,703 | |||
231,048 |
GNMA Pool 3612, 6.50%, 09/20/2034
|
261,782 | |||||
732,947 |
GNMA Pool 3625, 6.00%, 10/20/2034
|
814,564 | |||||
307,302 |
GNMA Pool 3637, 5.50%, 11/20/2034
|
340,145 | |||||
476,820 |
GNMA Pool 3665, 5.50%, 01/20/2035
|
527,780 | |||||
240,714 |
GNMA Pool 3679, 6.00%, 02/20/2035
|
267,519 | |||||
612,911 |
GNMA Pool 3711, 5.50%, 05/20/2035
|
677,842 | |||||
569,127 |
GNMA Pool 3865, 6.00%, 06/20/2036
|
631,435 | |||||
404,798 |
GNMA Pool 3910, 6.00%, 10/20/2036
|
449,115 | |||||
772,429 |
GNMA Pool 3939, 5.00%, 01/20/2037
|
841,666 | |||||
888,250 |
GNMA Pool 4058, 5.00%, 12/20/2037
|
967,868 | |||||
974,066 |
GNMA Pool 4072, 5.50%, 01/20/2038
|
1,072,081 | |||||
2,525,918 |
GNMA Pool 4520, 5.00%, 08/20/2039
|
2,747,593 | |||||
1,556,275 |
GNMA Pool 4541, 5.00%, 09/20/2039
|
1,692,854 | |||||
3,054,215 |
GNMA Pool 4947, 5.00%, 02/20/2041
|
3,320,345 | |||||
37,543 |
GNMA Pool 585163, 5.00%, 02/15/2018
|
40,616 | |||||
36,663 |
GNMA Pool 585180, 5.00%, 02/15/2018
|
39,664 | |||||
30,140 |
GNMA Pool 592492, 5.00%, 03/15/2018
|
32,607 | |||||
30,953 |
GNMA Pool 599821, 5.00%, 01/15/2018
|
33,487 | |||||
487,153 |
GNMA Pool 604182, 5.50%, 04/15/2033
|
539,446 | |||||
312,498 |
GNMA Pool 663776, 6.50%, 01/15/2037
|
355,369 | |||||
4,012,279 |
GNMA Pool 701961, 4.50%, 06/15/2039
|
4,252,598 | |||||
1,774,570 |
GNMA Pool 717072, 5.00%, 05/15/2039
|
1,926,056 | |||||
1,196,211 |
GNMA Pool 782858, 6.00%, 11/15/2039
|
1,333,838 | |||||
101,838 |
GNMA Pool 781694, 6.00%, 12/15/2031
|
114,032 | |||||
Total Government Mortgage-Backed Securities (cost $22,250,657)
|
23,396,005 | ||||||
Treasury Inflation Protected Securities - 7.10%
|
|||||||
2,250,000 |
TIPS, 2.00%, 01/15/2014
|
2,952,209 | |||||
1,500,000 |
TIPS, 2.50%, 07/15/2016
|
1,912,633 | |||||
Total Treasury Inflation Protected Securities (cost $3,803,634)
|
4,864,842 | ||||||
Total U.S. Government & Agency Obligations (cost $47,045,286)
|
49,508,240 | ||||||
Total Bonds and Notes (cost $61,985,791)
|
65,728,638 | ||||||
Money Market Fund - 3.04%
|
|||||||
Number of Shares
|
Fair Value
|
||||||
2,085,661 |
Fidelity Institutional Money Market Portfolio, 0.08% (A)
|
2,085,661 | |||||
Total Money Market Fund (cost $2,085,661)
|
2,085,661 | ||||||
TOTAL INVESTMENTS (cost $64,071,452) - 98.99%
|
$ | 67,814,299 | |||||
OTHER ASSETS LESS LIABILITIES - 1.01%
|
693,241 | ||||||
NET ASSETS - 100.00%
|
$ | 68,507,540 | |||||
(A) Variable rate security; the rate shown represents the yield at June 30, 2011.
|
Schedule of Investments | High Yield Bond
|
|||||||
As of June 30, 2011 - (Unaudited)
|
|||||||
Bonds and Notes - 91.83%
|
|||||||
Par Value
|
Fair Value
|
||||||
CONVERTIBLE CORPORATE BONDS - 1.71%
|
|||||||
$ | 500,000 |
Hornbeck Offshore Services, Inc., 1.625%, 11/15/2026 (B)
|
$ | 476,250 | |||
Total Convertible Corporate Bonds (cost $377,500)
|
476,250 | ||||||
CORPORATE BONDS - 90.12%
|
|||||||
250,000 |
Actuant Corp., 6.875%, 06/15/2017
|
256,875 | |||||
500,000 |
AmeriGas Partners LP, 6.50%, 05/20/2021
|
505,625 | |||||
500,000 |
Berry Petroleum Co., 8.25%, 11/01/2016
|
523,750 | |||||
500,000 |
Calfrac Holdings LP, 7.50%, 12/01/2020 (A)
|
506,250 | |||||
500,000 |
Calumet Specialty Products Partners LP, 9.375%, 05/01/2019 (A)
|
517,500 | |||||
500,000 |
Cemex Finance LLC, 9.50%, 12/14/2016 (A)
|
519,375 | |||||
500,000 |
Cloud Peak Energy Resources LLC, 8.50%, 12/15/2019
|
543,125 | |||||
500,000 |
CommScope, Inc., 8.25%, 01/15/2019 (A)
|
517,500 | |||||
500,000 |
Comstock Resources, Inc., 8.375%, 10/15/2017
|
527,500 | |||||
250,000 |
Continental Resources, Inc., 7.125%, 04/01/2021
|
265,000 | |||||
500,000 |
Copano Energy Finance Corp., 7.75%, 06/01/2018
|
517,500 | |||||
500,000 |
Covanta Holding Corp., 7.25%, 12/01/2020
|
525,469 | |||||
500,000 |
Crosstex Energy LP, 8.875%, 02/15/2018
|
535,000 | |||||
500,000 |
Duquesne Light Holdings, Inc., 6.40%, 09/15/2010 (A)
|
518,098 | |||||
500,000 |
Energy Transfer Equity LP, 7.50%, 10/15/2020
|
532,500 | |||||
500,000 |
FMG Resources August 2006 Pty Ltd., 7.00%, 11/01/2015 (A)
|
512,500 | |||||
500,000 |
Forest Oil Corp., 7.25%, 06/15/2019
|
512,500 | |||||
500,000 |
Frac Tech Services LLC, 7.125%, 11/15/2018 (A)
|
508,750 | |||||
750,000 |
Genesis Energy LP, 7.875%, 12/15/2018 (A)
|
748,125 | |||||
500,000 |
Geo Group, Inc., 6.625%, 02/15/2021 (A)
|
498,750 | |||||
329,000 |
Goodyear Tire & Rubber Co., 10.50%, 05/15/2016
|
371,770 | |||||
500,000 |
Helix Energy Solutions Group, Inc., 9.50%, 01/15/2016 (A)
|
517,500 | |||||
500,000 |
Hypermarcas SA, 6.50%, 04/20/2021 (A)
|
501,875 | |||||
500,000 |
Intergen NV, 9.00%, 06/30/2017 (A)
|
531,250 | |||||
500,000 |
Kindred Healthcare, Inc., 8.25%, 06/01/2019 (A)
|
500,000 | |||||
500,000 |
MarkWest Energy Partners L.P., 6.75%, 11/01/2020
|
512,500 | |||||
500,000 |
MedAssets, Inc., 8.00%, 11/15/2018 (A)
|
497,500 | |||||
500,000 |
MEMC Electronic Materials, Inc., 7.75%, 04/01/2019 (A)
|
496,250 | |||||
500,000 |
MPT Operating Partners LP, 6.875%, 05/01/2021 (A)
|
493,750 | |||||
500,000 |
Navios Maritime Holdings, Inc., 8.875%, 11/01/2017
|
517,500 | |||||
500,000 |
Navistar International Corp., 8.25%, 11/01/2021
|
537,500 | |||||
500,000 |
Nova Chemicals Corp., 8.625%, 11/01/2019
|
559,375 | |||||
500,000 |
NRG Energy, Inc., 7.375%, 01/15/2017
|
525,000 | |||||
500,000 |
Omnicare, Inc., 7.75%, 06/01/2020
|
533,125 | |||||
500,000 |
OGX Petroleo E Gas Participacoes SA., 8.50%, 06/01/2018 (A)
|
516,750 | |||||
500,000 |
PolyOne Corp., 7.375%, 09/15/2020
|
525,000 | |||||
250,000 |
Polypore International, Inc., 7.50%, 11/15/2017
|
265,625 | |||||
250,000 |
Pride International, Inc., 6.875%, 08/15/2020
|
291,369 | |||||
500,000 |
QBE Capital Funding III, LTd.., 7.25%, 05/24/2041 (A) (B)
|
502,563 | |||||
500,000 |
Reynolds Group Issuer, Inc., 9.00%, 04/15/2019 (A)
|
496,250 | |||||
250,000 |
RR Donnelley & Sons Co., 7.25%, 05/15/2018
|
250,063 | |||||
500,000 |
Sanmina-SCI Corp., 7.00%, 05/15/2019 (A)
|
475,000 | |||||
500,000 |
Sealy Mattress Co., 8.25%, 06/15/2014
|
503,750 | |||||
500,000 |
Swift Energy Co., 7.125%, 06/01/2017
|
508,750 | |||||
500,000 |
Targa Resources Partners LP, 7.875%, 10/15/2018 (A)
|
530,000 | |||||
410,000 |
Tesoro Corp., 9.75%, 06/01/2019
|
460,225 | |||||
750,000 |
Texas Industries, Inc., 9.25%, 08/15/2020
|
729,375 | |||||
Schedule of Investments | High Yield Bond
|
||||
As of June 30, 2011 - (Unaudited)
|
||||
Bonds and Notes - 91.83% (continued)
|
|||||||
Par Value
|
Fair Value
|
||||||
CORPORATE BONDS - 90.12% (continued)
|
|||||||
$ | 500,000 |
United Rentals North America, Inc., 9.25%, 12/15/2019
|
$ | 545,000 | |||
500,000 |
United States Steel Corp., 6.05%, 06/01/2017
|
498,750 | |||||
500,000 |
USG Corp., 7.75%, 01/15/2018
|
495,000 | |||||
250,000 |
Vanguard Health Holding Co., LLC, 7.75%, 02/01/2019
|
254,375 | |||||
Total Corporate Bonds (cost $24,291,876)
|
25,034,432 | ||||||
Money Market Fund - 6.93%
|
|||||||
Number of Shares
|
Fair Value
|
||||||
1,925,835 |
Fidelity Institutional Money Market Portfolio, 0.08% (B)
|
1,925,835 | |||||
Total Money Market Fund (cost $1,925,835)
|
1,925,835 | ||||||
TOTAL INVESTMENTS (cost $26,595,211) - 98.76%
|
$ | 27,436,517 | |||||
OTHER ASSETS LESS LIABILITIES - 1.24%
|
343,379 | ||||||
NET ASSETS - 100.00%
|
$ | 27,779,896 | |||||
(A) 144A Security - Security exempt from registration under Rule 144A of the Securities Act of 1933. The securities may be resold in transactions
|
|||||||
exempt from registration typically only to qualified institutional buyers. Unless otherwise indicated, these securities are not considered to be illiquid.
|
|||||||
(B) Variable rate security; the rate shown represents either the rate or the yield at June 30, 2011.
|
Schedule of Investments | Defensive Strategies
|
|||||||
As of June 30, 2011 - (Unaudited)
|
|||||||
REITs - 20.38%
|
|||||||
Number of Shares
|
Fair Value
|
||||||
2,600 |
Acadia Realty Trust
|
$ | 52,858 | ||||
2,200 |
Alexandria Real Estate Equities, Inc.
|
170,324 | |||||
1,350 |
AvalonBay Communities, Inc.
|
173,340 | |||||
4,500 |
Boston Properties, Inc.
|
477,720 | |||||
2,700 |
Brandywine Realty Trust
|
31,293 | |||||
2,800 |
BRE Properties, Inc.
|
139,664 | |||||
4,200 |
Brookfield Properties Corp.
|
80,976 | |||||
3,500 |
Camden Property Trust
|
222,670 | |||||
1,300 |
CBL & Associates Properties, Inc.
|
23,569 | |||||
6,200 |
Colonial Properties Trust
|
126,480 | |||||
9,200 |
DCT Industrial Trust, Inc.
|
48,116 | |||||
2,500 |
Developers Diversified Realty Corp.
|
35,250 | |||||
8,000 |
DiamondRock Hospitality Co.
|
85,840 | |||||
2,400 |
Digital Realty Trust, Inc.
|
148,272 | |||||
3,900 |
Douglas Emmett, Inc.
|
77,571 | |||||
2,500 |
Duke Realty Corp.
|
35,025 | |||||
5,000 |
DuPont Fabros Technology, Inc.
|
126,000 | |||||
4,600 |
Education Realty Trust, Inc.
|
39,422 | |||||
2,300 |
Entertainment Properties Trust
|
107,410 | |||||
8,700 |
Equity Residential
|
522,000 | |||||
1,650 |
Essex Property Trust, Inc.
|
223,228 | |||||
4,200 |
Extra Space Storage, Inc.
|
89,586 | |||||
1,400 |
Federal Realty Investment Trust
|
119,252 | |||||
5,300 |
FelCor Lodging Trust, Inc. *
|
28,249 | |||||
2,200 |
First Potomac Realty Trust
|
33,682 | |||||
13,526 |
General Growth Properties, Inc.
|
225,749 | |||||
9,200 |
HCP, Inc.
|
337,548 | |||||
6,400 |
Health Care REIT, Inc.
|
335,552 | |||||
2,200 |
Home Properties, Inc.
|
133,936 | |||||
10,800 |
Hospitality Properties Trust
|
261,900 | |||||
3,100 |
Kilroy Realty Corp.
|
122,419 | |||||
12,000 |
Kimco Realty Corp.
|
223,680 | |||||
6,600 |
Lexington Realty Trust
|
60,258 | |||||
5,800 |
Liberty Property Trust
|
188,964 | |||||
5,563 |
Macerich Co./The
|
297,620 | |||||
2,100 |
National Retail Properties, Inc.
|
51,471 | |||||
3,000 |
Nationwide Health Properties, Inc.
|
124,230 | |||||
2,200 |
Omega Healthcare Investors, Inc.
|
46,222 | |||||
11,794 |
Prologis, Inc.
|
422,697 | |||||
1,300 |
PS Business Parks, Inc.
|
71,630 | |||||
3,700 |
Public Storage
|
421,837 | |||||
2,100 |
Rayonier, Inc.
|
137,235 | |||||
1,900 |
Regency Centers Corp.
|
83,543 | |||||
8,529 |
Simon Property Group, Inc.
|
991,326 | |||||
3,650 |
SL Green Realty Corp.
|
302,475 |
Schedule of Investments | Defensive Strategies
|
||||
As of June 30, 2011 - (Unaudited)
|
||||
REITs - 20.38% (continued)
|
|||||||
Number of Shares
|
Fair Value
|
||||||
7,000 |
Strategic Hotels & Resorts, Inc. *
|
$ | 49,560 | ||||
3,800 |
UDR, Inc.
|
93,290 | |||||
6,400 |
Ventas, Inc.
|
337,344 | |||||
5,616 |
Vornado Realty Trust
|
523,299 | |||||
3,300 |
Washington Real Estate Investment Trust
|
107,316 | |||||
5,300 |
Weingarten Realty Investors
|
133,348 | |||||
Total REITs (cost $7,764,769)
|
9,302,246 | ||||||
Exchange Traded Funds - 30.51%
|
|||||||
Number of Shares
|
Fair Value
|
||||||
18,600 |
iShares Silver Trust *
|
629,610 | |||||
123,000 |
PowerShares DB Agriculture Fund *
|
3,904,020 | |||||
37,500 |
PowerShares DB Base Metals Fund *
|
895,500 | |||||
112,300 |
PowerShares DB Commodity Index Tracking Fund *
|
3,252,208 | |||||
73,300 |
PowerShares DB Energy Fund *
|
2,179,209 | |||||
21,000 |
SPDR Gold Shares *
|
3,065,580 | |||||
Total Exchange-Traded Funds (cost $11,950,365)
|
13,926,127 | ||||||
Bonds and Notes - 40.59%
|
|||||||
Par Value
|
Fair Value
|
||||||
Government Mortgage-Backed Securities - 4.22%
|
|||||||
598,106 |
GNMA Pool 782858, 6.00%, 11/15/2039
|
$ | 666,919 | ||||
1,155,120 |
GNMA Pool 4947, 5.00%, 02/20/2041
|
1,255,772 | |||||
Total Government Mortgage-Backed Securities (cost $1,893,255)
|
1,922,691 | ||||||
Treasury Inflation Protected Securities - 36.37%
|
|||||||
2,040,000 |
TIPS, 1.125%, 01/15/2021
|
2,179,970 | |||||
1,001,255 |
TIPS, 1.25%, 07/15/2020
|
1,093,238 | |||||
325,000 |
TIPS, 1.625%, 01/15/2015
|
415,442 | |||||
650,000 |
TIPS, 1.625%, 01/15/2018
|
768,031 | |||||
735,000 |
TIPS, 1.75%, 01/15/2028
|
827,163 | |||||
645,000 |
TIPS, 2.00%, 01/15/2014
|
846,300 | |||||
1,050,000 |
TIPS, 2.00%, 07/15/2014
|
1,367,040 | |||||
1,045,000 |
TIPS, 2.00%, 01/15/2016
|
1,317,500 | |||||
1,250,000 |
TIPS, 2.125%, 01/15/2019
|
1,489,062 | |||||
1,550,000 |
TIPS, 2.375%, 01/15/2017
|
1,973,707 | |||||
1,150,000 |
TIPS, 2.375%, 01/15/2025
|
1,574,794 | |||||
500,000 |
TIPS, 2.50%, 01/15/2029
|
615,204 | |||||
500,000 |
TIPS, 3.00%, 07/15/2012
|
652,798 | |||||
500,000 |
TIPS, 3.625%, 04/15/2028
|
916,833 | |||||
300,000 |
TIPS, 3.875%, 04/15/2029
|
563,155 | |||||
Total Treasury Inflation Protected Securities (cost $14,135,651)
|
16,600,237 | ||||||
Total U.S. Government & Agency Obligations (cost $16,028,906)
|
18,522,928 | ||||||
Schedule of Investments | Defensive Strategies
|
||||
As of June 30, 2011 - (Unaudited)
|
||||
Money Market Fund - 7.76%
|
||||
Number of Shares
|
Fair Value
|
|||
3,542,850
|
Fidelity Institutional Money Market Portfolio, 0.08% (A)
|
$ 3,542,850
|
||
Total Money Market Fund (cost $3,542,850)
|
3,542,850
|
|||
TOTAL INVESTMENTS (cost $39,286,890) - 99.24%
|
$ 45,294,151
|
|||
OTHER ASSETS LESS LIABILITIES - 0.76%
|
346,828
|
|||
NET ASSETS - 100.00%
|
$ 45,640,979
|
|||
* Non-income producing securities.
|
||||
(A) Variable rate security; the rate shown represents the yield at June 30, 2011.
|
Schedule of Investments | Money Market
|
|||||||
As of June 30, 2011 - (Unaudited)
|
|||||||
Short Term Investments - 99.76%
|
|||||||
Par Value
|
Fair Value
|
||||||
Asset-Backed Securities - 2.07%
|
|||||||
$ | 210,503 |
CNH Equipment Trust, 0.42677%, 12/09/2011
|
$ | 210,503 | |||
Total Asset-Backed Securities (amortized cost $210,503)
|
210,503 | ||||||
Money Market Fund - 6.94%
|
|||||||
706,188 |
Fidelity Institutional Money Market Portfolio, 0.08% (B)
|
706,188 | |||||
Total Money Market Fund (cost $706,188)
|
706,188 | ||||||
U.S. Government & Government Agencies (A) - 90.75%
|
|||||||
400,000 |
Federal Home Loan Bank, 0.02%, 07/06/2011
|
399,997 | |||||
435,000 |
Federal Home Loan Bank, 0.02%, 07/13/2011
|
434,991 | |||||
665,000 |
Federal Home Loan Bank, 0.02%, 07/20/2011
|
664,982 | |||||
655,000 |
Federal Home Loan Bank, 0.01%, 07/28/2011
|
654,980 | |||||
725,000 |
Federal Home Loan Bank, 0.02%, 08/01/2011
|
724,981 | |||||
830,000 |
Federal Home Loan Bank, 0.02%, 08/03/2011
|
829,974 | |||||
940,000 |
Federal Home Loan Bank, 0.02%, 08/10/2011
|
939,950 | |||||
735,000 |
Federal Home Loan Bank, 0.03%, 08/12/2011
|
734,950 | |||||
895,000 |
Federal Home Loan Bank, 0.02%, 08/17/2011
|
894,930 | |||||
650,000 |
Federal Home Loan Bank, 0.01%, 08/24/2011
|
649,927 | |||||
100,000 |
Federal Home Loan Bank, 0.03%, 09/09/2011
|
99,985 | |||||
700,000 |
U.S. Treasury Bill, 0.01%, 08/11/2011
|
699,987 | |||||
1,500,000 |
U.S. Treasury Bill, 0.02%, 09/01/2011
|
1,499,959 | |||||
Total U.S. Government Agencies (amortized cost $9,229,090)
|
9,229,593 | ||||||
TOTAL INVESTMENTS (cost $10,145,781) - 99.76%
|
$ | 10,146,284 | |||||
OTHER ASSETS LESS LIABILITIES - 0.24%
|
24,275 | ||||||
TOTAL NET ASSETS - 100.00%
|
$ | 10,170,559 | |||||
(A) Discount note; the rate shown represents the yield at June 30, 2011.
|
|||||||
(B) Variable rate security; the rate shown represents the yield at June 30, 2011.
|
Schedule of Investments | Strategic Growth
|
|||||||
As of June 30, 2011 - (Unaudited)
|
|||||||
Mutual Funds (A) - 99.95%
|
|||||||
Number of Shares
|
Fair Value
|
||||||
535,949 |
Timothy Plan Aggressive Growth Fund*
|
$ | 3,692,687 | ||||
400,842 |
Timothy Plan Defensive Strategies Fund
|
4,737,955 | |||||
505,939 |
Timothy Plan High Yield Bond Fund
|
4,690,058 | |||||
1,431,869 |
Timothy Plan International Fund
|
12,328,388 | |||||
1,337,278 |
Timothy Plan Large/Mid Cap Growth Fund*
|
9,802,245 | |||||
690,062 |
Timothy Plan Large/Mid Cap Value Fund
|
9,764,383 | |||||
268,689 |
Timothy Plan Small Cap Value Fund*
|
3,721,337 | |||||
Total Mutual Funds (cost $45,567,593)
|
48,737,053 | ||||||
Money Market Fund - 0.13%
|
|||||||
Number of Shares
|
Fair Value
|
||||||
64,040 |
Fidelity Institutional Money Market Portfolio, 0.08% (B)
|
64,040 | |||||
Total Money Market Fund (cost $64,040)
|
64,040 | ||||||
TOTAL INVESTMENTS (cost $45,631,633) - 100.08%
|
$ | 48,801,093 | |||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.08)%
|
(41,350 | ) | |||||
TOTAL NET ASSETS - 100.00%
|
$ | 48,759,743 | |||||
* Non-income producing securities
|
|||||||
(A) Affiliated Funds - Class A.
|
|||||||
(B) Variable rate security; the rate shown represents the yield at June 30, 2011.
|
Schedule of Investments | Conservative Growth
|
|||||||
As of June 30, 2011 - (Unaudited)
|
|||||||
Mutual Funds (A) - 99.76%
|
|||||||
Number of Shares
|
Fair Value
|
||||||
218,594 |
Timothy Plan Aggressive Growth Fund*
|
$ | 1,506,116 | ||||
608,572 |
Timothy Plan Defensive Strategies Fund
|
7,193,319 | |||||
1,374,920 |
Timothy Plan Fixed Income Fund
|
14,340,419 | |||||
509,390 |
Timothy Plan High Yield Bond Fund
|
4,722,049 | |||||
564,598 |
Timothy Plan International Fund
|
4,861,192 | |||||
820,024 |
Timothy Plan Large/Mid Cap Growth Fund*
|
6,010,777 | |||||
520,564 |
Timothy Plan Large/Mid Cap Value Fund
|
7,365,981 | |||||
179,973 |
Timothy Plan Small Cap Value Fund*
|
2,492,619 | |||||
Total Mutual Funds (cost $42,950,743)
|
48,492,472 | ||||||
Money Market Funds - 0.36%
|
|||||||
Number of Shares
|
Fair Value
|
||||||
175,994 |
Fidelity Institutional Money Market Portfolio, 0.08% (B)
|
175,994 | |||||
Total Money Market Funds (cost $175,994)
|
175,994 | ||||||
TOTAL INVESTMENTS (cost $43,126,737) - 100.12%
|
$ | 48,668,466 | |||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.12)%
|
(60,017 | ) | |||||
NET ASSETS - 100.00%
|
$ | 48,608,449 | |||||
* Non-income producing securities
|
|||||||
(A) Affiliated Funds - Class A.
|
|||||||
(B) Variable rate security; the rate shown represents the yield at June 30, 2011.
|
Net Appreciation
|
||||||||||||||||
Funds
|
Cost
|
Appreciation
|
(Depreciation)
|
(Depreciation)
|
||||||||||||
Aggressive Growth Fund
|
$ | 19,424,469 | $ | 2,716,521 | $ | (491,680 | ) | $ | 2,224,841 | |||||||
International Fund
|
$ | 39,992,992 | $ | 5,087,778 | $ | (831,543 | ) | $ | 4,256,235 | |||||||
Large/Mid Cap Growth Fund
|
$ | 43,119,256 | $ | 5,542,478 | $ | (769,271 | ) | $ | 4,773,207 | |||||||
Small Cap Value Fund
|
$ | 52,114,856 | $ | 5,903,286 | $ | (2,584,350 | ) | $ | 3,318,936 | |||||||
Large/Mid Cap Value Fund
|
$ | 85,329,330 | $ | 23,931,187 | $ | (1,320,284 | ) | $ | 22,610,903 | |||||||
Fixed Income Fund
|
$ | 64,078,660 | $ | 4,013,198 | $ | (277,559 | ) | $ | 3,735,639 | |||||||
High Yield Bond Fund
|
$ | 26,595,211 | $ | 1,009,720 | $ | (168,414 | ) | $ | 841,306 | |||||||
Defensive Strategies Fund
|
$ | 39,386,743 | $ | 5,924,598 | $ | (17,190 | ) | $ | 5,907,408 | |||||||
Money Market Fund
|
$ | 10,145,781 | $ | 503 | $ | - | $ | 503 | ||||||||
Strategic Growth Fund
|
$ | 51,584,797 | $ | 3,330,912 | $ | (6,114,616 | ) | $ | (2,783,704 | ) | ||||||
Conservative Growth Fund
|
$ | 48,719,919 | $ | 5,541,729 | $ | (5,593,182 | ) | $ | (51,453 | ) |
·
|
Level 1 – quoted prices in active markets for identical securities
|
·
|
Level 2 – other significant observable inputs (including, but not limited to, quoted prices for an identical security in an inactive market, quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
|
·
|
Level 3 – significant unobservable inputs (including each Fund’s own assumptions in determining fair value of investments based on the best information available)
|
Aggressive Growth Fund
|
VALUATION INPUTS
|
|||||||||||||||
Assets
|
Level 1:
Quoted Prices in Active Markets
|
Level 2:
Other Significant Observable Inputs
|
Level 3:
Significant Unobservable Inputs
|
Total
|
||||||||||||
Common Stocks *
|
$ | 21,298,953 | $ | - | $ | - | $ | 21,298,953 | ||||||||
REITs
|
$ | 260,433 | $ | - | $ | - | $ | 260,433 | ||||||||
Money Market Funds
|
$ | 89,924 | $ | - | $ | - | $ | 89,924 | ||||||||
Total
|
$ | 21,649,310 | $ | - | $ | - | $ | 21,649,310 | ||||||||
*Refer to the Schedule of Investments for industry classifications.
|
||||||||||||||||
International Fund
|
VALUATION INPUTS
|
|||||||||||||||
Assets
|
Level 1:
Quoted Prices in Active Markets
|
Level 2:
Other Significant Observable Inputs
|
Level 3:
Significant Unobservable Inputs
|
Total
|
||||||||||||
Common Stocks *
|
$ | 4,583,443 | $ | 250,602 | $ | - | $ | 4,834,045 | ||||||||
American Depositary Receipts *
|
$ | 12,676,298 | $ | 22,130,119 | $ | - | $ | 34,806,417 | ||||||||
Money Market Funds
|
$ | 4,608,765 | $ | - | $ | - | $ | 4,608,765 | ||||||||
Total
|
$ | 21,868,506 | $ | 22,380,721 | $ | - | $ | 44,249,227 | ||||||||
*Refer to the Schedule of Investments for industry classifications.
|
||||||||||||||||
Large/Mid Cap Growth Fund
|
VALUATION INPUTS
|
|||||||||||||||
Assets
|
Level 1:
Quoted Prices in Active Markets
|
Level 2:
Other Significant Observable Inputs
|
Level 3:
Significant Unobservable Inputs
|
Total
|
||||||||||||
Common Stocks *
|
$ | 45,213,202 | $ | - | $ | - | $ | 45,213,202 | ||||||||
American Depositary Receipts *
|
$ | 443,989 | $ | - | $ | - | $ | 443,989 | ||||||||
REITs
|
$ | 712,978 | $ | - | $ | - | $ | 712,978 | ||||||||
Money Market Funds
|
$ | 1,522,294 | $ | - | $ | - | $ | 1,522,294 | ||||||||
Total
|
$ | 47,892,463 | $ | - | $ | - | $ | 47,892,463 | ||||||||
*Refer to the Schedule of Investments for industry classifications.
|
||||||||||||||||
Small Cap Value Fund
|
VALUATION INPUTS
|
|||||||||||||||
Assets
|
Level 1:
Quoted Prices in Active Markets
|
Level 2:
Other Significant Observable Inputs
|
Level 3:
Significant Unobservable Inputs
|
Total
|
||||||||||||
Common Stocks *
|
$ | 49,893,751 | $ | - | $ | - | $ | 49,893,751 | ||||||||
REITs
|
$ | 4,670,101 | $ | - | $ | - | $ | 4,670,101 | ||||||||
Money Market Funds
|
$ | 869,940 | $ | - | $ | - | $ | 869,940 | ||||||||
Total
|
$ | 55,433,792 | $ | - | $ | - | $ | 55,433,792 | ||||||||
*Refer to the Schedule of Investments for industry classifications.
|
||||||||||||||||
Large/Mid Cap Value Fund
|
VALUATION INPUTS
|
|||||||||||||||
Assets
|
Level 1:
Quoted Prices in Active Markets
|
Level 2:
Other Significant Observable Inputs
|
Level 3:
Significant Unobservable Inputs
|
Total
|
||||||||||||
Common Stocks *
|
$ | 96,862,371 | $ | - | $ | - | $ | 96,862,371 | ||||||||
Master Limited Partnerships
|
$ | 1,992,270 | $ | - | $ | - | $ | 1,992,270 | ||||||||
REITs
|
$ | 4,920,600 | $ | - | $ | - | $ | 4,920,600 | ||||||||
Money Market Funds
|
$ | 4,164,992 | $ | - | $ | - | $ | 4,164,992 | ||||||||
Total
|
$ | 107,940,233 | $ | - | $ | - | $ | 107,940,233 | ||||||||
*Refer to the Schedule of Investments for industry classifications.
|
||||||||||||||||
Fixed Income Fund
|
VALUATION INPUTS
|
|||||||||||||||
Assets
|
Level 1:
Quoted Prices in Active Markets
|
Level 2:
Other Significant Observable Inputs
|
Level 3:
Significant Unobservable Inputs
|
Total
|
||||||||||||
Asset-Backed Securities
|
$ | - | $ | 204,526 | $ | - | $ | 204,526 | ||||||||
Corporate Bonds
|
$ | - | $ | 16,015,872 | $ | - | $ | 16,015,872 | ||||||||
U.S. Government Agencies
|
$ | - | $ | 8,594,791 | $ | - | $ | 8,594,791 | ||||||||
U.S. Treasury TIPS
|
$ | - | $ | 4,864,842 | $ | - | $ | 4,864,842 | ||||||||
Mortgaged-Backed Securities
|
$ | - | $ | 23,396,005 | $ | - | $ | 23,396,005 | ||||||||
U.S. Government Treasuries
|
$ | - | $ | 12,652,602 | $ | - | $ | 12,652,602 | ||||||||
Money Market Funds
|
$ | 2,085,661 | $ | - | $ | - | $ | 2,085,661 | ||||||||
Total
|
$ | 2,085,661 | $ | 65,728,638 | $ | - | $ | 67,814,299 | ||||||||
High Yield Bond Fund
|
VALUATION INPUTS
|
|||||||||||||||
Assets
|
Level 1:
Quoted Prices in Active Markets
|
Level 2:
Other Significant Observable Inputs
|
Level 3:
Significant Unobservable Inputs
|
Total
|
||||||||||||
Convertible Corporate Bonds
|
$ | - | $ | 476,250 | $ | - | $ | 476,250 | ||||||||
Corporate Bonds
|
$ | - | $ | 14,128,896 | $ | - | $ | 14,128,896 | ||||||||
144A Securities
|
$ | - | $ | 10,905,536 | $ | - | $ | 10,905,536 | ||||||||
Money Market Funds
|
$ | 1,925,835 | $ | - | $ | - | $ | 1,925,835 | ||||||||
Total
|
$ | 1,925,835 | $ | 25,510,682 | $ | - | $ | 27,436,517 | ||||||||
Defensive Strategies Fund
|
VALUATION INPUTS
|
|||||||||||||||
Assets
|
Level 1:
Quoted Prices in Active Markets
|
Level 2:
Other Significant Observable Inputs
|
Level 3:
Significant Unobservable Inputs
|
Total
|
||||||||||||
REITs
|
$ | 9,302,246 | $ | - | $ | - | $ | 9,302,246 | ||||||||
Exchange-Traded Funds
|
$ | 13,926,127 | $ | - | $ | - | $ | 13,926,127 | ||||||||
U.S. Treasury TIPS
|
$ | - | $ | 16,600,237 | $ | - | $ | 16,600,237 | ||||||||
Mortgage-Backed Securities
|
$ | - | $ | 1,922,691 | $ | - | $ | 1,922,691 | ||||||||
Money Market Funds
|
$ | 3,542,850 | $ | - | $ | - | $ | 3,542,850 | ||||||||
Total
|
$ | 26,771,223 | $ | 18,522,928 | $ | - | $ | 45,294,151 | ||||||||
*Refer to the Schedule of Investments for industry classifications.
|
||||||||||||||||
Money Market Fund
|
VALUATION INPUTS
|
|||||||||||||||
Assets
|
Level 1:
Quoted Prices in Active Markets
|
Level 2:
Other Significant Observable Inputs
|
Level 3:
Significant Unobservable Inputs
|
Total
|
||||||||||||
Asset-Backed Securities
|
$ | - | $ | 210,503 | $ | - | $ | 210,503 | ||||||||
U.S. Government Treasuries
|
$ | - | $ | 9,229,593 | $ | - | $ | 9,229,593 | ||||||||
Money Market Funds
|
$ | 706,188 | $ | - | $ | - | $ | 706,188 | ||||||||
Total
|
$ | 706,188 | $ | 9,440,096 | $ | - | $ | 10,146,284 | ||||||||
Strategic Growth Fund
|
VALUATION INPUTS
|
|||||||||||||||
Assets
|
Level 1:
Quoted Prices in Active Markets
|
Level 2:
Other Significant Observable Inputs
|
Level 3:
Significant Unobservable Inputs
|
Total
|
||||||||||||
Mutual Funds
|
$ | 48,737,053 | $ | - | $ | - | $ | 48,737,053 | ||||||||
Money Market Funds
|
$ | 64,040 | $ | - | $ | - | $ | 64,040 | ||||||||
Total
|
$ | 48,801,093 | $ | - | $ | - | $ | 48,801,093 | ||||||||
Conservative Growth Fund
|
VALUATION INPUTS
|
|||||||||||||||
Assets
|
Level 1:
Quoted Prices in Active Markets
|
Level 2:
Other Significant Observable Inputs
|
Level 3:
Significant Unobservable Inputs
|
Total
|
||||||||||||
Mutual Funds
|
$ | 48,492,472 | $ | - | $ | - | $ | 48,492,472 | ||||||||
Money Market Funds
|
$ | 175,994 | $ | - | $ | - | $ | 175,994 | ||||||||
Total
|
$ | 48,668,466 | $ | - | $ | - | $ | 48,668,466 |
By
|
/s/ Arthur D. Ally
|
|
Arthur D. Ally, President / Principal Executive Officer
|
||
Date:
|
08/05/2011
|
By
|
/s/ Arthur D. Ally
|
|
Arthur D. Ally, President / Principal Executive Officer, Treasurer / Principal Financial Officer
|
||
Date:
|
08/05/2011
|
|
CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002:
|
By
|
/s/ Arthur D. Ally
|
||
Arthur D. Ally, President / Principal Executive Officer, Treasurer / Principal Financial Officer
|
|||
Date:
|
08/05/2011
|