Beginning
|
Ending
|
Expenses Paid
|
|
Account Value
|
Account Value
|
During Period*
|
|
8/16/10
|
1/31/11
|
(8/16/10 - 1/31/11)
|
|
Class A Actual
|
$1,000.00
|
$1,201.60
|
$ 6.28
|
Class A Hypothetical
|
$1,000.00
|
$1,017.31
|
$ 5.76
|
(5% return before expenses)
|
|||
Class C Actual
|
$1,000.00
|
$1,197.60
|
$10.06
|
Class C Hypothetical
|
$1,000.00
|
$1,013.85
|
$ 9.22
|
(5% return before expenses)
|
|||
Class I Actual
|
$1,000.00
|
$1,203.80
|
$ 5.02
|
Class I Hypothetical
|
$1,000.00
|
$1,018.46
|
$ 4.60
|
(5% return before expenses)
|
*
|
Expenses are equal to the Fund’s annualized expense ratio of 1.24%, 1.99%, and 0.99% for Class A, Class C, and Class I, respectively, multiplied by the average account value over the period, multiplied by 168 (days in the most recent fiscal half-year)/365 days to reflect the one-half year expense.
|
Beginning
|
Ending
|
Expenses Paid
|
|
Account Value
|
Account Value
|
During Period*
|
|
8/16/10
|
1/31/11
|
(8/16/10 - 1/31/11)
|
|
Class A Actual
|
$1,000.00
|
$1,139.50
|
$6.11
|
Class A Hypothetical
|
$1,000.00
|
$1,017.31
|
$5.76
|
(5% return before expenses)
|
|||
Class C Actual
|
$1,000.00
|
$1,136.90
|
$9.79
|
Class C Hypothetical
|
$1,000.00
|
$1,013.85
|
$9.22
|
(5% return before expenses)
|
|||
Class I Actual
|
$1,000.00
|
$1,142.60
|
$4.88
|
Class I Hypothetical
|
$1,000.00
|
$1,018.46
|
$4.60
|
(5% return before expenses)
|
*
|
Expenses are equal to the Fund’s annualized expense ratio of 1.24%, 1.99%, and 0.99% for Class A, Class C, and Class I, respectively, multiplied by the average account value over the period, multiplied by 168 (days in the most recent fiscal half-year)/365 days to reflect the one-half year expense.
|
Beginning
|
Ending
|
Expenses Paid
|
|
Account Value
|
Account Value
|
During Period*
|
|
8/16/10
|
1/31/11
|
(8/16/10 - 1/31/11)
|
|
Class A Actual
|
$1,000.00
|
$1,281.90
|
$7.56
|
Class A Hypothetical
|
$1,000.00
|
$1,016.39
|
$6.68
|
(5% return before expenses)
|
|||
Class I Actual
|
$1,000.00
|
$1,284.00
|
$6.26
|
Class I Hypothetical
|
$1,000.00
|
$1,017.54
|
$5.53
|
(5% return before expenses)
|
*
|
Expenses are equal to the Fund’s annualized expense ratio of 1.44% and 1.19% for Class A and Class I, respectively, multiplied by the average account value over the period, multiplied by 168 (days in the most recent fiscal half-year)/365 days to reflect the one-half year expense.
|
Shares
|
Value
|
||||||
COMMON STOCKS – 96.64%
|
|||||||
Aerospace & Defense – 4.41%
|
|||||||
422 |
The Boeing Co.
|
$ | 29,321 | ||||
726 |
Hexcel Corp.*
|
13,809 | |||||
1,568 |
Honeywell International, Inc.
|
87,824 | |||||
3,484 |
Lockheed Martin Corp.
|
277,326 | |||||
3,873 |
Raytheon Co.
|
193,611 | |||||
243 |
United Technologies Corp.
|
19,756 | |||||
621,647 | |||||||
Air Freight & Logistics – 0.14%
|
|||||||
3,086 |
Pacer International, Inc.*
|
19,287 | |||||
Airlines – 1.21%
|
|||||||
1,546 |
Delta Air Lines, Inc.*
|
18,042 | |||||
1,949 |
United Continental Holdings, Inc.*
|
49,505 | |||||
10,465 |
US Airways Group, Inc.*
|
103,813 | |||||
171,360 | |||||||
Auto Components – 1.67%
|
|||||||
1,618 |
American Axle & Manufacturing Holdings, Inc.*
|
23,137 | |||||
3,356 |
Magna International, Inc.#
|
195,890 | |||||
403 |
Tenneco, Inc.*
|
16,656 | |||||
235,683 | |||||||
Automobiles – 0.43%
|
|||||||
3,779 |
Ford Motor Co.*
|
60,275 | |||||
Beverages – 3.39%
|
|||||||
4,152 |
The Coca Cola Co.
|
260,953 | |||||
3,382 |
PepsiCo, Inc.
|
217,496 | |||||
478,449 | |||||||
Biotechnology – 0.27%
|
|||||||
453 |
Amgen, Inc.*
|
24,951 | |||||
245 |
Celgene Corp.*
|
12,625 | |||||
37,576 | |||||||
Capital Markets – 1.09%
|
|||||||
936 |
Ameriprise Financial, Inc.
|
57,704 | |||||
499 |
Franklin Resources, Inc.
|
60,204 | |||||
1,382 |
Oppenheimer Holdings, Inc. – Class A
|
36,070 | |||||
153,978 | |||||||
Chemicals – 3.14%
|
|||||||
307 |
Agrium, Inc.#
|
27,136 | |||||
3,912 |
E.I. du Pont de Nemours & Co.
|
198,260 | |||||
4,392 |
Georgia Gulf Corp.*
|
116,959 | |||||
325 |
Monsanto Co.
|
23,848 | |||||
400 |
The Mosaic Co.
|
32,416 | |||||
801 |
PolyOne Corp.*
|
10,533 | |||||
385 |
Quaker Chemical Corp.
|
14,776 |
Shares
|
Value
|
||||||
COMMON STOCKS (Continued)
|
|||||||
Chemicals – 3.14% (Continued)
|
|||||||
493 |
Westlake Chemical Corp.
|
$ | 19,089 | ||||
443,017 | |||||||
Commercial Banks – 0.30%
|
|||||||
161 |
M&T Bank Corp.
|
13,922 | |||||
443 |
Wells Fargo & Co.
|
14,362 | |||||
575 |
Zions Bancorporation
|
13,558 | |||||
41,842 | |||||||
Commercial Services & Supplies – 0.10%
|
|||||||
278 |
Consolidated Graphics, Inc.*
|
13,914 | |||||
Communications Equipment – 1.65%
|
|||||||
1,797 |
Acme Packet, Inc.*
|
96,643 | |||||
885 |
F5 Networks, Inc.*
|
95,916 | |||||
582 |
Finisar Corp.*
|
19,381 | |||||
6,128 |
Powerwave Technologies, Inc.*
|
21,387 | |||||
233,327 | |||||||
Computers & Peripherals – 3.39%
|
|||||||
554 |
Apple, Inc.*
|
187,983 | |||||
790 |
Hewlett-Packard Co.
|
36,095 | |||||
1,537 |
NetApp, Inc.*
|
84,120 | |||||
7,304 |
Quantum Corp.*
|
19,648 | |||||
3,018 |
SanDisk Corp.*
|
136,927 | |||||
968 |
Seagate Technology PLC*#
|
13,552 | |||||
478,325 | |||||||
Construction & Engineering – 0.25%
|
|||||||
1,552 |
Tutor Perini Corp.*
|
35,246 | |||||
Containers & Packaging – 0.25%
|
|||||||
2,150 |
Boise, Inc.*
|
19,328 | |||||
3,363 |
Graphic Packaging Holding Co.*
|
15,974 | |||||
35,302 | |||||||
Diversified Consumer Services – 0.14%
|
|||||||
150 |
Coinstar, Inc.*
|
6,208 | |||||
325 |
Sotheby’s
|
13,098 | |||||
19,306 | |||||||
Diversified Telecommunication Services – 5.41%
|
|||||||
9,806 |
AT&T, Inc.
|
269,861 | |||||
4,071 |
Cincinnati Bell, Inc.*
|
11,602 | |||||
3,023 |
General Communication, Inc.*
|
36,609 | |||||
5,245 |
IDT Corp.
|
120,792 | |||||
9,083 |
Verizon Communications, Inc.
|
323,536 | |||||
762,400 |
Shares
|
Value
|
||||||
COMMON STOCKS (Continued)
|
|||||||
Electric Utilities – 0.39%
|
|||||||
1,296 |
Pampa Energia S.A. – ADR
|
$ | 22,771 | ||||
1,040 |
PNM Resources, Inc.
|
13,551 | |||||
538 |
Unisource Energy Corp.
|
19,266 | |||||
55,588 | |||||||
Electronic Equipment, Instruments & Components – 2.10%
|
|||||||
1,256 |
Newport Corp.*
|
22,043 | |||||
6,417 |
Power-One, Inc.*
|
68,662 | |||||
1,698 |
Sanmina-SCI Corp.*
|
25,521 | |||||
1,827 |
SYNNEX Corp.*
|
61,004 | |||||
1,711 |
Tech Data Corp.*
|
80,263 | |||||
2,353 |
Vishay Intertechnology, Inc.*
|
38,825 | |||||
296,318 | |||||||
Energy Equipment & Services – 1.18%
|
|||||||
1,800 |
Complete Production Services, Inc.*
|
50,292 | |||||
366 |
Halliburton Co.
|
16,470 | |||||
629 |
National Oilwell Varco, Inc.
|
46,483 | |||||
3,001 |
RPC, Inc.
|
52,758 | |||||
166,003 | |||||||
Food & Staples Retailing – 3.07%
|
|||||||
2,134 |
Ingles Markets, Inc. – Class A
|
41,336 | |||||
1,477 |
The Pantry, Inc.*
|
24,622 | |||||
2,153 |
Sysco Corp.
|
62,738 | |||||
4,942 |
Wal-Mart Stores, Inc.
|
277,098 | |||||
515 |
Whole Foods Market, Inc.
|
26,631 | |||||
432,425 | |||||||
Food Products – 0.95%
|
|||||||
7,780 |
Chiquita Brands International, Inc.*
|
119,968 | |||||
443 |
Kraft Foods, Inc.
|
13,543 | |||||
133,511 | |||||||
Gas Utilities – 0.89%
|
|||||||
1,286 |
New Jersey Resources Corp.
|
53,961 | |||||
440 |
Southwest Gas Corp.
|
16,386 | |||||
1,530 |
WGL Holdings, Inc.
|
55,172 | |||||
125,519 | |||||||
Health Care Equipment & Supplies – 0.86%
|
|||||||
853 |
Baxter International, Inc.
|
41,362 | |||||
447 |
Edwards Lifesciences Corp.*
|
37,678 | |||||
675 |
Medtronic, Inc.
|
25,866 | |||||
293 |
Stryker Corp.
|
16,865 | |||||
121,771 | |||||||
Health Care Providers & Services – 1.85%
|
|||||||
471 |
AmerisourceBergen Corp.
|
16,890 | |||||
2,534 |
Kindred Healthcare, Inc.*
|
47,411 | |||||
5,510 |
Owens & Minor, Inc.
|
162,710 |
Shares
|
Value
|
||||||
COMMON STOCKS (Continued)
|
|||||||
Health Care Providers & Services – 1.85% (Continued)
|
|||||||
537 |
Wellpoint, Inc.*
|
$ | 33,358 | ||||
260,369 | |||||||
Hotels, Restaurants & Leisure – 4.49%
|
|||||||
69 |
Chipotle Mexican Grill, Inc.*
|
15,105 | |||||
5,241 |
Las Vegas Sands Corp.*
|
243,654 | |||||
343 |
Marriott International, Inc.
|
13,545 | |||||
4,224 |
McDonald’s Corp.
|
311,182 | |||||
322 |
Royal Caribbean Cruises Ltd.*#
|
14,458 | |||||
588 |
Starwood Hotels & Resorts Worldwide, Inc.
|
34,674 | |||||
632,618 | |||||||
Household Durables – 0.18%
|
|||||||
589 |
Tempur-Pedic International, Inc.*
|
25,704 | |||||
Household Products – 1.86%
|
|||||||
4,148 |
The Procter & Gamble Co.
|
261,863 | |||||
Insurance – 3.90%
|
|||||||
19,021 |
CNO Financial Group, Inc.*
|
120,403 | |||||
2,835 |
Genworth Financial, Inc.*
|
38,471 | |||||
1,553 |
Protective Life Corp.
|
42,816 | |||||
6,203 |
The Travelers Companies, Inc.
|
348,981 | |||||
550,671 | |||||||
Internet & Catalog Retail – 2.30%
|
|||||||
166 |
Amazon.com, Inc.*
|
28,160 | |||||
508 |
Netflix, Inc.*
|
108,753 | |||||
438 |
Priceline.com, Inc.*
|
187,692 | |||||
324,605 | |||||||
Internet Software & Services – 1.30%
|
|||||||
2,650 |
Akamai Technologies, Inc.*
|
128,048 | |||||
36 |
Google, Inc. – Class A*
|
21,613 | |||||
990 |
VeriSign, Inc.*
|
33,314 | |||||
182,975 | |||||||
IT Services – 3.98%
|
|||||||
5,784 |
Automatic Data Processing, Inc.
|
277,054 | |||||
1,635 |
International Business Machines Corp.
|
264,870 | |||||
271 |
Visa, Inc.
|
18,929 | |||||
560,853 | |||||||
Leisure Equipment & Products – 0.06%
|
|||||||
2,468 |
Eastman Kodak Co.*
|
9,033 | |||||
Machinery – 2.81%
|
|||||||
362 |
Caterpillar, Inc.
|
35,118 | |||||
750 |
CNH Global N.V.*#
|
36,322 |
Shares
|
Value
|
||||||
COMMON STOCKS (Continued)
|
|||||||
Machinery – 2.81% (Continued)
|
|||||||
1,570 |
Cummins, Inc.
|
$ | 166,232 | ||||
141 |
Eaton Corp.
|
15,222 | |||||
1,355 |
Illinois Tool Works, Inc.
|
72,479 | |||||
172 |
Joy Global, Inc.
|
14,995 | |||||
1,273 |
NN, Inc.*
|
16,689 | |||||
531 |
Tata Motors Ltd. – ADR
|
12,882 | |||||
2,343 |
Wabash National Corp.*
|
26,616 | |||||
396,555 | |||||||
Media – 1.12%
|
|||||||
1,168 |
CBS Corp.
|
23,161 | |||||
1,264 |
DIRECTV*
|
53,581 | |||||
7,188 |
The McClatchy Co.*
|
36,659 | |||||
2,594 |
Sinclair Broadcast Group, Inc.*
|
22,749 | |||||
720 |
Valassis Communications, Inc.*
|
21,845 | |||||
157,995 | |||||||
Metals & Mining – 2.86%
|
|||||||
1,089 |
Cliffs Natural Resources, Inc.
|
93,066 | |||||
1,190 |
Freeport-McMoRan Copper & Gold, Inc.
|
129,412 | |||||
2,165 |
Newmont Mining Corp.
|
119,227 | |||||
2,826 |
Stillwater Mining Co.*
|
61,268 | |||||
402,973 | |||||||
Multi-line Retail – 0.15%
|
|||||||
677 |
The Bon-Ton Stores, Inc.*
|
7,508 | |||||
264 |
Dollar Tree, Inc.*
|
13,353 | |||||
20,861 | |||||||
Multi-Utilities – 0.13%
|
|||||||
369 |
CH Energy Group, Inc.
|
17,937 | |||||
Oil, Gas & Consumable Fuels – 10.18%
|
|||||||
637 |
Anadarko Petroleum Corp.
|
49,100 | |||||
484 |
Apache Corp.
|
57,770 | |||||
1,381 |
BP PLC – ADR
|
65,556 | |||||
2,815 |
Chevron Corp.
|
267,228 | |||||
329 |
Cimarex Energy Co.
|
34,259 | |||||
1,815 |
ConocoPhillips
|
129,700 | |||||
190 |
Devon Energy Corp.
|
16,851 | |||||
2,161 |
Exxon Mobil Corp.
|
174,349 | |||||
516 |
Occidental Petroleum Corp.
|
49,887 | |||||
380 |
Peabody Energy Corp.
|
24,100 | |||||
367 |
Pioneer Natural Resources Co.
|
34,924 | |||||
5,485 |
Total S.A. – ADR
|
322,353 | |||||
6,649 |
USEC, Inc.*
|
36,902 | |||||
4,579 |
World Fuel Services Corp.
|
171,896 | |||||
1,434,875 |
Shares
|
Value
|
||||||
COMMON STOCKS (Continued)
|
|||||||
Paper & Forest Products – 0.57%
|
|||||||
1,383 |
Louisiana-Pacific Corp.*
|
$ | 13,885 | ||||
7,713 |
Mercer International, Inc.*
|
65,946 | |||||
79,831 | |||||||
Personal Products – 0.24%
|
|||||||
424 |
The Estee Lauder Companies, Inc.
|
34,132 | |||||
Pharmaceuticals – 5.19%
|
|||||||
5,729 |
Abbott Laboratories
|
258,722 | |||||
3,944 |
Bristol-Myers Squibb Co.
|
99,310 | |||||
3,800 |
Johnson & Johnson
|
227,126 | |||||
933 |
The Medicines Co.*
|
14,629 | |||||
7,258 |
Pfizer, Inc.
|
132,241 | |||||
732,028 | |||||||
Professional Services – 0.27%
|
|||||||
1,956 |
Kelly Services, Inc. – Class A*
|
38,484 | |||||
Semiconductors & Semiconductor Equipment – 7.42%
|
|||||||
2,969 |
Altera Corp.
|
111,545 | |||||
371 |
Analog Devices, Inc.
|
14,406 | |||||
6,963 |
Atmel Corp.*
|
94,279 | |||||
3,676 |
Cirrus Logic, Inc.*
|
77,306 | |||||
361 |
Cree, Inc.*
|
18,227 | |||||
142 |
First Solar, Inc.*
|
21,950 | |||||
1,706 |
GT Solar International, Inc.*
|
18,843 | |||||
15,531 |
Intel Corp.
|
333,295 | |||||
1,268 |
KLA-Tencor Corp.
|
55,893 | |||||
5,998 |
Lattice Semiconductor Corp.*
|
37,368 | |||||
501 |
OmniVision Technologies, Inc.*
|
12,941 | |||||
13,916 |
Silicon Image, Inc.*
|
95,464 | |||||
2,903 |
Texas Instruments, Inc.
|
98,441 | |||||
3,143 |
TriQuint Semiconductor, Inc.*
|
41,362 | |||||
459 |
Xilinx, Inc.
|
14,780 | |||||
1,046,100 | |||||||
Software – 3.65%
|
|||||||
1,169 |
Citrix Systems, Inc.*
|
73,857 | |||||
494 |
Informatica Corp.*
|
22,922 | |||||
877 |
Intuit, Inc.*
|
41,158 | |||||
6,324 |
Microsoft Corp.
|
175,333 | |||||
2,744 |
Oracle Corp.
|
87,890 | |||||
860 |
Red Hat, Inc.*
|
35,535 | |||||
152 |
Salesforce.com, Inc.*
|
19,629 | |||||
2,670 |
TIBCO Software, Inc.*
|
58,687 | |||||
515,011 |
Shares
|
Value
|
||||||
COMMON STOCKS (Continued)
|
|||||||
Specialty Retail – 3.33%
|
|||||||
3,969 |
Asbury Automotive Group, Inc.*
|
$ | 73,069 | ||||
1,068 |
Brown Shoe Co., Inc.
|
13,532 | |||||
402 |
DSW, Inc.*
|
13,383 | |||||
6,329 |
Home Depot, Inc.
|
232,717 | |||||
493 |
Limited Brands, Inc.
|
14,415 | |||||
7,560 |
Pier 1 Imports, Inc.*
|
70,837 | |||||
4,212 |
Sonic Automotive, Inc. – Class A
|
52,439 | |||||
470,392 | |||||||
Textiles, Apparel & Luxury Goods – 0.98%
|
|||||||
483 |
Coach, Inc.
|
26,125 | |||||
3,851 |
Crocs, Inc.*
|
63,118 | |||||
496 |
Fossil, Inc.*
|
35,241 | |||||
202 |
Lululemon Athletica, Inc.*
|
13,873 | |||||
138,357 | |||||||
Tobacco – 0.53%
|
|||||||
1,318 |
Philip Morris International, Inc.
|
75,442 | |||||
Trading Companies & Distributors – 0.20%
|
|||||||
1,043 |
United Rentals, Inc.*
|
27,796 | |||||
Wireless Telecommunication Services – 0.41%
|
|||||||
2,121 |
MetroPCS Communications, Inc.*
|
27,425 | |||||
396 |
NII Holdings, Inc.*
|
16,624 | |||||
277 |
United States Cellular Corp.*
|
13,501 | |||||
57,550 | |||||||
Total Common Stocks (Cost $12,816,225)
|
13,627,079 | ||||||
PREFERRED STOCKS – 0.13%
|
|||||||
Diversified Telecommunication Services – 0.13%
|
|||||||
565 |
Nortel Inversora S.A. – ADR* (Cost $15,738)
|
18,187 | |||||
SHORT-TERM INVESTMENTS – 6.11%
|
|||||||
860,770 |
Fidelity Institutional Money Market Government Portfolio,
|
||||||
Class I, 0.04%† (Cost $860,770)
|
860,770 | ||||||
Total Investments in Securities (Cost $13,692,733) – 102.88%
|
14,506,036 | ||||||
Liabilities in Excess of Other Assets – (2.88)%
|
(405,787 | ) | |||||
Net Assets – 100.00%
|
$ | 14,100,249 |
Shares
|
Value
|
||||||
COMMON STOCKS – 88.99%
|
|||||||
Aerospace & Defense – 4.63%
|
|||||||
6,000 |
BAE Systems PLC – ADR
|
$ | 131,220 | ||||
642 |
Lockheed Martin Corp.
|
51,103 | |||||
243 |
Northrop Grumman Corp.
|
16,840 | |||||
589 |
Raytheon Co.
|
29,444 | |||||
228,607 | |||||||
Chemicals – 0.81%
|
|||||||
402 |
BASF SE – ADR
|
31,075 | |||||
180 |
E.I. du Pont de Nemours & Co.
|
9,122 | |||||
40,197 | |||||||
Commercial Banks – 0.11%
|
|||||||
103 |
Royal Bank of Canada#
|
5,531 | |||||
Commercial Services & Supplies – 1.35%
|
|||||||
1,758 |
Waste Management, Inc.
|
66,575 | |||||
Communications Equipment – 1.03%
|
|||||||
4,740 |
Nokia Corp. – ADR
|
50,718 | |||||
Construction Materials – 2.32%
|
|||||||
3,887 |
CRH PLC – ADR
|
84,775 | |||||
1,991 |
Lafarge Coppee S.A. – ADR
|
29,666 | |||||
114,441 | |||||||
Diversified Telecommunication Services – 19.69%
|
|||||||
3,551 |
AT&T, Inc.
|
97,724 | |||||
3,787 |
BCE, Inc.#
|
137,582 | |||||
1,395 |
BT Group PLC – ADR
|
39,478 | |||||
4,578 |
Deutsche Telekom AG – ADR
|
60,979 | |||||
3,425 |
France Telecom S.A. – ADR
|
75,179 | |||||
518 |
KT Corp. – ADR
|
10,194 | |||||
5,308 |
Portugal Telecom, SGPS, S.A. – ADR
|
61,891 | |||||
1,328 |
Telecom Italia S.p.A. – ADR
|
18,871 | |||||
2,309 |
Telefonica S.A. – ADR
|
58,025 | |||||
4,663 |
Telefonos de Mexico SAB de CV (Telmex) – ADR
|
80,717 | |||||
5,736 |
Telstra Corp., Ltd. – ADR
|
80,419 | |||||
2,252 |
TELUS Corp.#
|
106,992 | |||||
4,046 |
Verizon Communications, Inc.
|
144,118 | |||||
972,169 | |||||||
Food & Staples Retailing – 1.30%
|
|||||||
2,319 |
Koninklijke Ahold N.V. – ADR
|
31,469 | |||||
1,126 |
Sysco Corp.
|
32,811 | |||||
64,280 | |||||||
Food Products – 2.14%
|
|||||||
129 |
Campbell Soup Co.
|
4,404 | |||||
2,749 |
ConAgra Foods, Inc.
|
61,385 |
Shares
|
Value
|
||||||
COMMON STOCKS (Continued)
|
|||||||
Food Products – 2.14% (Continued)
|
|||||||
2,363 |
Sara Lee Corp.
|
$ | 40,100 | ||||
105,889 | |||||||
Household Products – 0.56%
|
|||||||
425 |
Kimberly-Clark Corp.
|
27,510 | |||||
Insurance – 4.84%
|
|||||||
5,179 |
Allianz SE – ADR
|
72,299 | |||||
5,466 |
Aviva PLC – ADR
|
79,202 | |||||
1,939 |
AXA S.A. – ADR
|
41,185 | |||||
1,084 |
Marsh & McLennan Companies, Inc.
|
30,222 | |||||
732 |
Prudential PLC – ADR
|
15,855 | |||||
238,763 | |||||||
IT Services – 0.16%
|
|||||||
165 |
Automatic Data Processing, Inc.
|
7,904 | |||||
Media – 1.15%
|
|||||||
453 |
Thomson Reuters Corp.#
|
18,125 | |||||
569 |
Time Warner Cable, Inc.
|
38,595 | |||||
56,720 | |||||||
Multi-line Retail – 0.36%
|
|||||||
554 |
J.C. Penney Co., Inc.
|
17,767 | |||||
Oil, Gas & Consumable Fuels – 19.26%
|
|||||||
817 |
Chevron Corp.
|
77,558 | |||||
206 |
China Petroleum & Chemical Corp. – ADR
|
22,705 | |||||
73 |
CNOOC Ltd. – ADR
|
16,254 | |||||
1,325 |
ConocoPhillips
|
94,685 | |||||
219 |
Encana Corp.#
|
7,067 | |||||
2,856 |
ENI S.p.A. – ADR
|
135,660 | |||||
819 |
Marathon Oil Corp.
|
37,428 | |||||
280 |
PetroChina Co., Ltd. – ADR
|
38,996 | |||||
4,595 |
Repsol YPF, S.A. – ADR
|
145,845 | |||||
1,674 |
Royal Dutch Shell PLC – ADR
|
118,837 | |||||
771 |
Sasol Ltd. – ADR
|
37,648 | |||||
3,097 |
Statoil ASA – ADR
|
75,629 | |||||
2,427 |
Total S.A. – ADR
|
142,635 | |||||
950,947 | |||||||
Paper & Forest Products – 0.24%
|
|||||||
561 |
Stora Enso Oyj – ADR
|
6,687 | |||||
287 |
Svenska Cellulosa AB (SCA) – ADR
|
5,026 | |||||
11,713 | |||||||
Pharmaceuticals – 11.46%
|
|||||||
209 |
Abbott Laboratories
|
9,438 | |||||
2,250 |
AstraZeneca PLC – ADR
|
110,025 |
Shares
|
Value
|
||||||
COMMON STOCKS (Continued)
|
|||||||
Pharmaceuticals – 11.46% (Continued)
|
|||||||
489 |
Bayer AG – ADR
|
$ | 36,176 | ||||
4,225 |
Bristol-Myers Squibb Co.
|
106,386 | |||||
3,737 |
Eli Lilly & Co.
|
129,936 | |||||
1,401 |
GlaxoSmithKline PLC – ADR
|
50,898 | |||||
218 |
Johnson & Johnson
|
13,030 | |||||
6,032 |
Pfizer, Inc.
|
109,903 | |||||
565,792 | |||||||
Semiconductors & Semiconductor Equipment – 2.74%
|
|||||||
1,891 |
Intel Corp.
|
40,581 | |||||
979 |
STMicroelectronics N.V. – ADR
|
11,866 | |||||
6,332 |
Taiwan Semiconductor Manufacturing Co., Ltd. – ADR
|
82,759 | |||||
135,206 | |||||||
Software – 0.61%
|
|||||||
882 |
Nintendo Co., Ltd. – ADR
|
30,076 | |||||
Specialty Retail – 0.60%
|
|||||||
801 |
Home Depot, Inc.
|
29,453 | |||||
Tobacco – 3.81%
|
|||||||
2,649 |
Altria Group, Inc.
|
62,278 | |||||
209 |
British American Tobacco PLC – ADR
|
15,491 | |||||
3,471 |
Reynolds American, Inc.
|
110,413 | |||||
188,182 | |||||||
Wireless Telecommunication Services – 9.82%
|
|||||||
1,032 |
China Mobile Ltd. – ADR
|
50,713 | |||||
4,688 |
Mobile TeleSystems – ADR
|
89,587 | |||||
3,377 |
NTT DOCOMO, Inc. – ADR
|
60,617 | |||||
1,869 |
Rogers Communications, Inc. – Class B#
|
65,265 | |||||
3,606 |
SK Telecom Co., Ltd. – ADR
|
62,384 | |||||
5,517 |
Vodafone Group PLC – ADR
|
156,462 | |||||
485,028 | |||||||
Total Common Stocks (Cost $4,078,105)
|
4,393,468 | ||||||
PREFERRED STOCKS – 4.26%
|
|||||||
Diversified Telecommunication Services – 2.71%
|
|||||||
3,071 |
Tele Norte Leste Participacoes S.A. – ADR
|
48,583 | |||||
3,497 |
Telecomunicacoes de Sao Paulo S.A. – ADR
|
85,082 | |||||
133,665 | |||||||
Wireless Telecommunication Services – 1.55%
|
|||||||
2,247 |
Vivo Participacoes S.A. – ADR
|
76,488 | |||||
Total Preferred Stocks (Cost $191,897)
|
210,153 |
Shares
|
Value
|
||||||
SHORT-TERM INVESTMENTS – 5.60%
|
|||||||
276,620 |
Fidelity Institutional Money Market Government Portfolio,
|
||||||
Class I, 0.04%† (Cost $276,620)
|
$ | 276,620 | |||||
Total Investments in Securities (Cost $4,546,622) – 98.85%
|
4,880,241 | ||||||
Other Assets in Excess of Liabilities – 1.15%
|
56,856 | ||||||
Net Assets – 100.00%
|
$ | 4,937,097 |
Country
|
% of Net Assets
|
||||
United States
|
37.1 | % | |||
United Kingdom
|
12.1 | % | |||
Canada
|
6.9 | % | |||
France
|
5.8 | % | |||
Brazil
|
4.3 | % | |||
Spain
|
4.1 | % | |||
Germany
|
4.1 | % | |||
Netherlands
|
3.3 | % | |||
Italy
|
3.1 | % | |||
Japan
|
1.8 | % | |||
Russian Federation
|
1.8 | % | |||
Ireland
|
1.7 | % | |||
Taiwan, Province of China
|
1.7 | % | |||
Mexico
|
1.6 | % | |||
Australia
|
1.6 | % | |||
Norway
|
1.5 | % | |||
Republic of Korea
|
1.5 | % | |||
Hong Kong
|
1.4 | % | |||
Portugal
|
1.3 | % | |||
China
|
1.2 | % | |||
Finland
|
1.2 | % | |||
South Africa
|
0.8 | % | |||
Sweden
|
0.1 | % | |||
100.00 | % |
Shares
|
Value
|
||||||
COMMON STOCKS – 97.18%
|
|||||||
Aerospace & Defense – 0.40%
|
|||||||
485 |
Hexcel Corp.*
|
$ | 9,225 | ||||
87 |
Triumph Group, Inc.
|
8,354 | |||||
17,579 | |||||||
Airlines – 2.31%
|
|||||||
544 |
AMR Corp.*
|
3,835 | |||||
553 |
Delta Air Lines, Inc.*
|
6,454 | |||||
4,678 |
JetBlue Airways Corp.*
|
28,068 | |||||
661 |
United Continental Holdings, Inc.*
|
16,789 | |||||
4,611 |
US Airways Group, Inc.*
|
45,741 | |||||
100,887 | |||||||
Auto Components – 7.26%
|
|||||||
2,173 |
American Axle & Manufacturing Holdings, Inc.*
|
31,074 | |||||
199 |
Autoliv, Inc.
|
15,283 | |||||
731 |
BorgWarner, Inc.*
|
49,270 | |||||
390 |
Gentex Corp.
|
12,507 | |||||
542 |
Magna International, Inc.#
|
31,637 | |||||
746 |
Modine Manufacturing Co.*
|
12,309 | |||||
1,603 |
Standard Motor Products, Inc.
|
19,412 | |||||
2,083 |
Tenneco, Inc.*
|
86,090 | |||||
998 |
TRW Automotive Holdings Corp.*
|
59,541 | |||||
317,123 | |||||||
Automobiles – 0.36%
|
|||||||
984 |
Ford Motor Co.*
|
15,695 | |||||
Beverages – 0.12%
|
|||||||
625 |
Cott Corp.*#
|
5,025 | |||||
Biotechnology – 0.22%
|
|||||||
139 |
United Therapeutics Corp.*
|
9,449 | |||||
Building Products – 0.42%
|
|||||||
543 |
Owens Corning, Inc.*
|
18,174 | |||||
Capital Markets – 0.32%
|
|||||||
977 |
American Capital Ltd.*
|
7,982 | |||||
726 |
BGC Partners, Inc.
|
5,881 | |||||
13,863 | |||||||
Chemicals – 2.34%
|
|||||||
2,023 |
Ferro Corp.*
|
31,195 | |||||
148 |
Potash Corporation of Saskatchewan, Inc.#
|
26,311 | |||||
603 |
Quaker Chemical Corp.
|
23,143 | |||||
554 |
Westlake Chemical Corp.
|
21,451 | |||||
102,100 |
Shares
|
Value
|
||||||
COMMON STOCKS (Continued)
|
|||||||
Commercial Banks – 0.71%
|
|||||||
320 |
City National Corp.
|
$ | 18,493 | ||||
1,754 |
Huntington Bancshares, Inc.
|
12,699 | |||||
31,192 | |||||||
Commercial Services & Supplies – 1.56%
|
|||||||
492 |
Acco Brands Corp.*
|
4,039 | |||||
299 |
Consolidated Graphics, Inc.*
|
14,965 | |||||
879 |
Deluxe Corp.
|
21,492 | |||||
1,713 |
Interface, Inc.
|
27,836 | |||||
68,332 | |||||||
Communications Equipment – 3.26%
|
|||||||
375 |
Acme Packet, Inc.*
|
20,168 | |||||
180 |
ADTRAN, Inc.
|
7,404 | |||||
177 |
Blue Coat Systems, Inc.*
|
5,099 | |||||
295 |
F5 Networks, Inc.*
|
31,972 | |||||
384 |
Finisar Corp.*
|
12,787 | |||||
567 |
Infinera Corp.*
|
4,159 | |||||
275 |
InterDigital, Inc.
|
13,241 | |||||
576 |
JDS Uniphase Corp.*
|
9,775 | |||||
7,878 |
Powerwave Technologies, Inc.*
|
27,494 | |||||
1,215 |
Seachange International, Inc.*
|
10,060 | |||||
142,159 | |||||||
Computers & Peripherals – 0.65%
|
|||||||
209 |
Lexmark International, Inc.*
|
7,281 | |||||
4,553 |
Quantum Corp.*
|
12,248 | |||||
197 |
SanDisk Corp.*
|
8,938 | |||||
28,467 | |||||||
Construction & Engineering – 0.17%
|
|||||||
276 |
Insituform Technologies, Inc.*
|
7,593 | |||||
Diversified Consumer Services – 1.77%
|
|||||||
975 |
Coinstar, Inc.*
|
40,355 | |||||
921 |
Sotheby’s
|
37,117 | |||||
77,472 | |||||||
Diversified Financial Services – 0.16%
|
|||||||
1,444 |
Citigroup, Inc.*
|
6,960 | |||||
Diversified Telecommunication Services – 1.90%
|
|||||||
375 |
Alaska Communications Systems Group, Inc.
|
3,450 | |||||
1,779 |
General Communication, Inc.*
|
21,544 | |||||
534 |
tw telecom, Inc.*
|
9,158 | |||||
14,941 |
Vonage Holdings Corp.*
|
49,007 | |||||
83,159 |
Shares
|
Value
|
||||||
COMMON STOCKS (Continued)
|
|||||||
Electrical Equipment – 0.20%
|
|||||||
320 |
American Superconductor Corp.*
|
$ | 8,726 | ||||
Electronic Equipment, Instruments & Components – 5.62%
|
|||||||
882 |
Agilysys, Inc.*
|
5,054 | |||||
330 |
Cognex Corp.
|
10,342 | |||||
128 |
Coherent, Inc.*
|
6,854 | |||||
703 |
Daktronics, Inc.
|
10,735 | |||||
214 |
Jabil Circuit, Inc.
|
4,325 | |||||
395 |
Newport Corp.*
|
6,932 | |||||
357 |
Orbotech Ltd.*#
|
5,073 | |||||
729 |
OSI Systems, Inc.*
|
27,695 | |||||
8,177 |
Power-One, Inc.*
|
87,494 | |||||
1,938 |
Sanmina-SCI Corp.*
|
29,128 | |||||
3,131 |
Vishay Intertechnology, Inc.*
|
51,662 | |||||
245,294 | |||||||
Energy Equipment & Services – 3.06%
|
|||||||
1,457 |
Complete Production Services, Inc.*
|
40,709 | |||||
122 |
Core Laboratories N.V.#
|
11,134 | |||||
1,363 |
ION Geophysical Corp.*
|
12,962 | |||||
3,911 |
RPC, Inc.
|
68,755 | |||||
133,560 | |||||||
Food & Staples Retailing – 0.26%
|
|||||||
668 |
The Pantry, Inc.*
|
11,136 | |||||
Food Products – 0.70%
|
|||||||
118 |
Bunge Ltd.#
|
8,032 | |||||
453 |
Green Mountain Coffee Roasters, Inc.*
|
15,212 | |||||
393 |
Zhongpin, Inc.*#
|
7,428 | |||||
30,672 | |||||||
Health Care Equipment & Supplies – 1.36%
|
|||||||
343 |
Align Technology, Inc.*
|
7,145 | |||||
1,221 |
Cyberonics, Inc.*
|
39,988 | |||||
464 |
Volcano Corp.*
|
12,184 | |||||
59,317 | |||||||
Health Care Providers & Services – 0.31%
|
|||||||
643 |
Health Management Associates, Inc.*
|
5,851 | |||||
130 |
Humana, Inc.*
|
7,536 | |||||
13,387 | |||||||
Hotels, Restaurants & Leisure – 6.79%
|
|||||||
11 |
Biglari Holdings, Inc.*
|
4,730 | |||||
171 |
Chipotle Mexican Grill, Inc.*
|
37,435 | |||||
874 |
DineEquity, Inc.*
|
45,081 | |||||
6,621 |
Krispy Kreme Doughnuts, Inc.*
|
43,368 | |||||
2,239 |
Las Vegas Sands Corp.*
|
104,091 |
Shares
|
Value
|
||||||
COMMON STOCKS (Continued)
|
|||||||
Hotels, Restaurants & Leisure – 6.79% (Continued)
|
|||||||
655 |
Royal Caribbean Cruises Ltd.*#
|
$ | 29,410 | ||||
163 |
Wyndham Worldwide Corp.
|
4,585 | |||||
240 |
Wynn Resorts Ltd.
|
27,919 | |||||
296,619 | |||||||
Household Durables – 1.29%
|
|||||||
176 |
Blyth, Inc.
|
5,917 | |||||
1,648 |
Hovnanian Enterprises, Inc.*
|
7,284 | |||||
1,375 |
La-Z-Boy, Inc.*
|
11,440 | |||||
729 |
Tempur-Pedic International, Inc.*
|
31,814 | |||||
56,455 | |||||||
Insurance – 0.84%
|
|||||||
1,070 |
Genworth Financial, Inc.*
|
14,520 | |||||
1,829 |
Old Republic International Corp.
|
22,369 | |||||
36,889 | |||||||
Internet & Catalog Retail – 4.18%
|
|||||||
457 |
Netflix, Inc.*
|
97,835 | |||||
865 |
Overstock.com, Inc.*
|
12,906 | |||||
168 |
Priceline.com, Inc.*
|
71,991 | |||||
182,732 | |||||||
Internet Software & Services – 2.22%
|
|||||||
727 |
Akamai Technologies, Inc.*
|
35,129 | |||||
976 |
Monster Worldwide, Inc.*
|
16,250 | |||||
272 |
Sohu.com, Inc.*
|
21,102 | |||||
472 |
WebMD Health Corp.*
|
24,676 | |||||
97,157 | |||||||
IT Services – 1.07%
|
|||||||
723 |
Gartner, Inc.*
|
25,609 | |||||
1,344 |
Sapient Corp.
|
16,061 | |||||
180 |
Unisys Corp.*
|
5,099 | |||||
46,769 | |||||||
Leisure Equipment & Products – 0.58%
|
|||||||
764 |
Eastman Kodak Co.*
|
2,796 | |||||
1,164 |
Leapfrog Enterprises, Inc.*
|
4,493 | |||||
236 |
Polaris Industries, Inc.
|
18,153 | |||||
25,442 | |||||||
Life Sciences Tools & Services – 0.24%
|
|||||||
661 |
eResearchTechnology, Inc.*
|
4,250 | |||||
267 |
PAREXEL International Corp.*
|
6,197 | |||||
10,447 | |||||||
Machinery – 7.54%
|
|||||||
445 |
AGCO Corp.*
|
22,562 | |||||
1,862 |
ArvinMeritor, Inc.*
|
40,703 | |||||
65 |
Caterpillar, Inc.
|
6,306 |
Shares
|
Value
|
||||||
COMMON STOCKS (Continued)
|
|||||||
Machinery – 7.54% (Continued)
|
|||||||
752 |
CNH Global N.V.*#
|
$ | 36,419 | ||||
339 |
Cummins, Inc.
|
35,893 | |||||
269 |
Joy Global, Inc.
|
23,451 | |||||
604 |
Kadant, Inc.*
|
12,781 | |||||
534 |
Kennametal, Inc.
|
21,680 | |||||
358 |
Lindsay Corp.
|
23,299 | |||||
664 |
Tata Motors Ltd. – ADR
|
16,109 | |||||
196 |
Tennant Co.
|
7,907 | |||||
1,059 |
Timken Co.
|
49,794 | |||||
1,141 |
Titan International, Inc.
|
21,679 | |||||
933 |
Wabash National Corp.*
|
10,599 | |||||
329,182 | |||||||
Media – 3.83%
|
|||||||
235 |
Arbitron, Inc.
|
9,797 | |||||
2,000 |
Belo Corp.*
|
13,480 | |||||
652 |
Cablevision Systems Corp.
|
22,070 | |||||
245 |
Cinemark Holdings, Inc.
|
4,153 | |||||
119 |
DIRECTV*
|
5,044 | |||||
930 |
Gannett Co., Inc.
|
13,708 | |||||
1,581 |
Knology, Inc.*
|
23,130 | |||||
1,499 |
The McClatchy Co.*
|
7,645 | |||||
4,432 |
Sinclair Broadcast Group, Inc.
|
38,869 | |||||
961 |
Valassis Communications, Inc.*
|
29,157 | |||||
167,053 | |||||||
Metals & Mining – 3.93%
|
|||||||
170 |
Allegheny Technologies, Inc.
|
11,082 | |||||
133 |
AngloGold Ashanti Ltd. – ADR
|
5,724 | |||||
562 |
Brush Engineered Materials, Inc.*
|
19,659 | |||||
265 |
Cliffs Natural Resources, Inc.
|
22,647 | |||||
93 |
Freeport-McMoRan Copper & Gold, Inc.
|
10,114 | |||||
567 |
Pan American Silver Corp.#
|
18,603 | |||||
692 |
Southern Copper Corp.
|
31,015 | |||||
1,520 |
Stillwater Mining Co.*
|
32,954 | |||||
732 |
Titanium Metals Corp.*
|
13,798 | |||||
310 |
Worthington Industries, Inc.
|
5,890 | |||||
171,486 | |||||||
Multi-line Retail – 0.40%
|
|||||||
320 |
Dillard’s, Inc.
|
12,710 | |||||
98 |
Dollar Tree, Inc.*
|
4,957 | |||||
17,667 | |||||||
Oil, Gas & Consumable Fuels – 1.67%
|
|||||||
324 |
Arch Coal, Inc.
|
11,097 | |||||
217 |
Cimarex Energy Co.
|
22,596 | |||||
357 |
Clean Energy Fuels Corp.*
|
4,238 | |||||
249 |
Holly Corp.
|
12,218 |
Shares
|
Value
|
||||||
COMMON STOCKS (Continued)
|
|||||||
Oil, Gas & Consumable Fuels (Continued)
|
|||||||
533 |
Sunoco, Inc.
|
$ | 22,626 | ||||
72,775 | |||||||
Personal Products – 0.73%
|
|||||||
489 |
Herbalife Ltd.#
|
31,946 | |||||
Pharmaceuticals – 0.95%
|
|||||||
140 |
Endo Pharmaceuticals Holdings, Inc.*
|
4,651 | |||||
2,341 |
The Medicines Co.*
|
36,707 | |||||
41,358 | |||||||
Professional Services – 0.55%
|
|||||||
369 |
Manpower, Inc.
|
23,826 | |||||
Road & Rail – 0.09%
|
|||||||
287 |
Avis Budget Group, Inc.*
|
3,972 | |||||
Semiconductors & Semiconductor Equipment – 10.70%
|
|||||||
1,671 |
ANADIGICS, Inc.*
|
11,413 | |||||
1,755 |
Applied Micro Circuits Corp.*
|
17,269 | |||||
3,798 |
Atmel Corp.*
|
51,425 | |||||
192 |
Broadcom Corp.
|
8,657 | |||||
3,305 |
Cirrus Logic, Inc.*
|
69,504 | |||||
178 |
Cree, Inc.*
|
8,987 | |||||
722 |
Fairchild Semiconductor International, Inc.*
|
12,852 | |||||
97 |
First Solar, Inc.*
|
14,994 | |||||
1,012 |
GT Solar International, Inc.*
|
11,178 | |||||
710 |
KLA-Tencor Corp.
|
31,297 | |||||
341 |
Lam Research Corp.*
|
17,013 | |||||
6,749 |
Lattice Semiconductor Corp.*
|
42,046 | |||||
962 |
Micron Technology, Inc.*
|
10,139 | |||||
254 |
Novellus Systems, Inc.*
|
9,162 | |||||
1,876 |
OmniVision Technologies, Inc.*
|
48,457 | |||||
4,461 |
Silicon Image, Inc.*
|
30,602 | |||||
1,214 |
Teradyne, Inc.*
|
20,250 | |||||
1,983 |
TriQuint Semiconductor, Inc.*
|
26,096 | |||||
596 |
Veeco Instruments, Inc.*
|
25,783 | |||||
467,124 | |||||||
Software – 1.79%
|
|||||||
379 |
Informatica Corp.*
|
17,585 | |||||
397 |
Intuit, Inc.*
|
18,631 | |||||
626 |
Mentor Graphics Corp.*
|
7,972 | |||||
40 |
Salesforce.com, Inc.*
|
5,166 | |||||
1,308 |
TIBCO Software, Inc.*
|
28,750 | |||||
78,104 |
Shares
|
Value
|
||||||
COMMON STOCKS (Continued)
|
|||||||
Specialty Retail – 4.42%
|
|||||||
339 |
Advance Auto Parts, Inc.
|
$ | 21,676 | ||||
354 |
Aeropostale, Inc.*
|
8,538 | |||||
417 |
AnnTaylor Stores Corp.*
|
9,224 | |||||
870 |
Brown Shoe Co., Inc.
|
11,023 | |||||
109 |
DSW, Inc.*
|
3,629 | |||||
478 |
The Finish Line, Inc.
|
7,356 | |||||
345 |
Limited Brands, Inc.
|
10,088 | |||||
434 |
OfficeMax, Inc.*
|
6,974 | |||||
4,529 |
Pier 1 Imports, Inc.*
|
42,437 | |||||
1,539 |
Sally Beauty Holdings, Inc.*
|
20,253 | |||||
694 |
Ulta Salon Cosmetics & Fragrance, Inc.*
|
25,706 | |||||
1,129 |
Zumiez, Inc.*
|
26,215 | |||||
193,119 | |||||||
Textiles, Apparel & Luxury Goods – 5.15%
|
|||||||
3,892 |
Crocs, Inc.*
|
63,790 | |||||
506 |
Deckers Outdoor Corp.*
|
37,135 | |||||
317 |
Fossil, Inc.*
|
22,523 | |||||
602 |
Lululemon Athletica, Inc.*
|
41,345 | |||||
6,759 |
Quiksilver, Inc.*
|
30,213 | |||||
883 |
Skechers U.S.A., Inc.*
|
18,163 | |||||
197 |
Under Armour, Inc.*
|
11,793 | |||||
224,962 | |||||||
Thrifts & Mortgage Finance – 0.20%
|
|||||||
604 |
Provident Financial Services, Inc.
|
8,849 | |||||
Trading Companies & Distributors – 1.57%
|
|||||||
2,565 |
United Rentals, Inc.*
|
68,357 | |||||
Wireless Telecommunication Services – 1.01%
|
|||||||
3,418 |
MetroPCS Communications, Inc.*
|
44,195 | |||||
Total Common Stocks (Cost $3,715,667)
|
4,243,806 | ||||||
SHORT-TERM INVESTMENTS – 1.27%
|
|||||||
55,268 |
Fidelity Institutional Money Market Government Portfolio,
|
||||||
Class I, 0.04%† (Cost $55,268)
|
55,268 | ||||||
Total Investments in Securities (Cost $3,770,935) – 98.45%
|
4,299,074 | ||||||
Other Assets in Excess of Liabilities – 1.55%
|
67,996 | ||||||
Net Assets – 100.00%
|
$ | 4,367,070 |
All Cap
|
Enhanced
|
Small/Mid Cap
|
||||||||||
Core Fund
|
Dividend Fund
|
Growth Fund
|
||||||||||
ASSETS
|
||||||||||||
Investments in securities, at value (cost $13,692,733,
|
||||||||||||
$4,546,622, and $3,770,935, respectively)
|
$ | 14,506,036 | $ | 4,880,241 | $ | 4,299,074 | ||||||
Receivables:
|
||||||||||||
Fund shares issued
|
215,783 | 19,133 | 39,052 | |||||||||
Dividends and interest
|
15,843 | 8,191 | 308 | |||||||||
Due from Advisor (Note 4)
|
24,713 | 33,156 | 27,000 | |||||||||
Prepaid expenses
|
54,829 | 30,964 | 29,585 | |||||||||
Total assets
|
14,817,204 | 4,971,685 | 4,395,019 | |||||||||
LIABILITIES
|
||||||||||||
Payables:
|
||||||||||||
Securities purchased
|
680,242 | — | — | |||||||||
Administration fees
|
4,095 | 4,095 | 3,383 | |||||||||
Audit fees
|
7,878 | 7,878 | 7,878 | |||||||||
Transfer agent fees and expenses
|
5,801 | 5,831 | 3,935 | |||||||||
Legal fees
|
3,085 | 3,085 | 3,085 | |||||||||
Fund accounting fees
|
7,956 | 8,509 | 5,204 | |||||||||
Shareholder reporting
|
1,442 | 1,442 | 1,442 | |||||||||
Chief Compliance Officer fee
|
1,357 | 1,357 | 1,357 | |||||||||
Distribution fees
|
433 | 827 | 196 | |||||||||
Shareholder servicing fees
|
4,666 | 1,564 | 1,469 | |||||||||
Total liabilities
|
716,955 | 34,588 | 27,949 | |||||||||
NET ASSETS
|
$ | 14,100,249 | $ | 4,937,097 | $ | 4,367,070 | ||||||
CALCULATION OF NET ASSET VALUE PER SHARE
|
||||||||||||
Class A Shares
|
||||||||||||
Net assets applicable to shares outstanding
|
$ | 376,360 | $ | 467,157 | $ | 1,289,365 | ||||||
Shares issued and outstanding [unlimited
|
||||||||||||
number of shares (par value $0.01) authorized]
|
31,442 | 41,298 | 101,611 | |||||||||
Net asset value and redemption price per share
|
$ | 11.97 | $ | 11.31 | $ | 12.69 | ||||||
Maximum offering price per share
|
||||||||||||
(Net asset value per share divided by 94.75%)
|
$ | 12.63 | $ | 11.94 | $ | 13.39 | ||||||
Class C Shares
|
||||||||||||
Net assets applicable to shares outstanding
|
$ | 254,144 | $ | 733,559 | — | |||||||
Shares issued and outstanding [unlimited
|
||||||||||||
number of shares (par value $0.01) authorized]
|
21,305 | 64,976 | — | |||||||||
Net asset value and offering price per share (Note 1)
|
$ | 11.93 | $ | 11.29 | — | |||||||
Class I Shares
|
||||||||||||
Net assets applicable to shares outstanding
|
$ | 13,469,745 | $ | 3,736,381 | $ | 3,077,705 | ||||||
Shares issued and outstanding [unlimited
|
||||||||||||
number of shares (par value $0.01) authorized]
|
1,123,738 | 329,539 | 242,231 | |||||||||
Net asset value, offering and
|
||||||||||||
redemption price per share
|
$ | 11.99 | $ | 11.34 | $ | 12.71 | ||||||
COMPONENTS OF NET ASSETS
|
||||||||||||
Paid-in capital
|
$ | 13,251,889 | $ | 4,603,028 | $ | 3,782,636 | ||||||
Undistributed net investment income/(loss)
|
5,702 | 5,922 | (7,603 | ) | ||||||||
Accumulated net realized gain/(loss) on investments
|
29,355 | (5,472 | ) | 63,898 | ||||||||
Net unrealized appreciation of investments
|
813,303 | 333,619 | 528,139 | |||||||||
Net assets
|
$ | 14,100,249 | $ | 4,937,097 | $ | 4,367,070 |
All Cap
|
Enhanced
|
Small/Mid Cap
|
||||||||||
Core Fund
|
Dividend Fund
|
Growth Fund
|
||||||||||
INVESTMENT INCOME
|
||||||||||||
Income
|
||||||||||||
Dividends (net of foreign tax withheld of
|
||||||||||||
$972, $3,634, and $15, respectively)
|
$ | 52,770 | $ | 39,606 | $ | 7,803 | ||||||
Interest
|
96 | 31 | 29 | |||||||||
Total income
|
52,866 | 39,637 | 7,832 | |||||||||
Expenses
|
||||||||||||
Registration fees
|
20,669 | 20,669 | 15,151 | |||||||||
Fund accounting fees (Note 4)
|
20,058 | 19,342 | 17,353 | |||||||||
Transfer agent fees and expenses (Note 4)
|
19,516 | 19,514 | 14,044 | |||||||||
Administration fees (Note 4)
|
18,658 | 18,658 | 15,131 | |||||||||
Advisory fees (Note 4)
|
15,860 | 7,751 | 7,683 | |||||||||
Audit fees
|
7,878 | 7,878 | 7,878 | |||||||||
Shareholder servicing fees – Class A (Note 6)
|
156 | 125 | 196 | |||||||||
Shareholder servicing fees – Class C (Note 6)
|
76 | 176 | — | |||||||||
Shareholder servicing fees – Class I (Note 6)
|
6,977 | 2,681 | 3,006 | |||||||||
Custody fees (Note 4)
|
5,287 | 5,039 | 6,384 | |||||||||
Legal fees
|
3,816 | 3,816 | 3,816 | |||||||||
Chief Compliance Officer fee (Note 4)
|
3,686 | 3,686 | 3,686 | |||||||||
Trustee fees
|
1,803 | 1,803 | 1,803 | |||||||||
Miscellaneous expense
|
1,442 | 1,442 | 1,202 | |||||||||
Reports to shareholders
|
1,442 | 1,442 | 1,442 | |||||||||
Distribution fees – Class A (Note 5)
|
156 | 125 | 196 | |||||||||
Distribution fees – Class C (Note 5)
|
302 | 702 | — | |||||||||
Total expenses
|
127,782 | 114,849 | 98,971 | |||||||||
Less: advisory fee waiver and expense
|
||||||||||||
reimbursement (Note 4)
|
(98,777 | ) | (102,217 | ) | (83,536 | ) | ||||||
Net expenses
|
29,005 | 12,632 | 15,435 | |||||||||
Net investment income/(loss)
|
23,861 | 27,005 | (7,603 | ) | ||||||||
REALIZED AND UNREALIZED
|
||||||||||||
GAIN/(LOSS) ON INVESTMENTS
|
||||||||||||
Net realized gain/(loss) on investments
|
42,148 | (5,213 | ) | 94,244 | ||||||||
Net change in unrealized appreciation on investments
|
813,303 | 333,619 | 528,139 | |||||||||
Net realized and unrealized gain on investments
|
855,451 | 328,406 | 622,383 | |||||||||
Net increase in net assets
|
||||||||||||
resulting from operations
|
$ | 879,312 | $ | 355,411 | $ | 614,780 |
All Cap
|
Enhanced
|
Small/Mid Cap
|
||||||||||
Core Fund
|
Dividend Fund
|
Growth Fund
|
||||||||||
August 16,
|
August 16,
|
August 16,
|
||||||||||
2010* | 2010* | 2010* | ||||||||||
through
|
through
|
through
|
||||||||||
January 31,
|
January 31,
|
January 31,
|
||||||||||
2011 | 2011 | 2011 | ||||||||||
(Unaudited)
|
(Unaudited)
|
(Unaudited)
|
||||||||||
INCREASE/(DECREASE) IN NET ASSETS FROM:
|
||||||||||||
OPERATIONS
|
||||||||||||
Net investment income/(loss)
|
$ | 23,861 | $ | 27,005 | $ | (7,603 | ) | |||||
Net realized gain/(loss) on investments
|
42,148 | (5,213 | ) | 94,244 | ||||||||
Net change in unrealized appreciation on investments
|
813,303 | 333,619 | 528,139 | |||||||||
Net increase in net assets
|
||||||||||||
resulting from operations
|
879,312 | 355,411 | 614,780 | |||||||||
DISTRIBUTIONS TO SHAREHOLDERS
|
||||||||||||
From net investment income
|
||||||||||||
Class A Shares
|
(368 | ) | (878 | ) | — | |||||||
Class C Shares
|
(215 | ) | (1,224 | ) | — | |||||||
Class I Shares
|
(17,576 | ) | (18,981 | ) | — | |||||||
From net realized gain on investments
|
||||||||||||
Class A Shares
|
(281 | ) | (11 | ) | (295 | ) | ||||||
Class C Shares
|
(167 | ) | (16 | ) | — | |||||||
Class I Shares
|
(12,345 | ) | (232 | ) | (30,051 | ) | ||||||
Total distributions to shareholders
|
(30,952 | ) | (21,342 | ) | (30,346 | ) | ||||||
CAPITAL SHARE TRANSACTIONS
|
||||||||||||
Net increase in net assets derived from
|
||||||||||||
net change in outstanding shares (a)
|
13,251,889 | 4,603,028 | 3,782,636 | |||||||||
Total increase in net assets
|
14,100,249 | 4,937,097 | 4,367,070 | |||||||||
NET ASSETS
|
||||||||||||
Beginning of period
|
— | — | — | |||||||||
End of period
|
$ | 14,100,249 | $ | 4,937,097 | $ | 4,367,070 | ||||||
Includes undistributed net investment income/(loss) of
|
$ | 5,702 | $ | 5,922 | $ | (7,603 | ) |
All Cap
|
Enhanced
|
Small/Mid Cap
|
||||||||||
Core Fund
|
Dividend Fund
|
Growth Fund
|
||||||||||
August 16,
|
August 16,
|
August 16,
|
||||||||||
2010* | 2010* | 2010* | ||||||||||
through
|
through
|
through
|
||||||||||
January 31,
|
January 31,
|
January 31,
|
||||||||||
2011 | 2011 | 2011 | ||||||||||
(Unaudited)
|
(Unaudited)
|
(Unaudited)
|
||||||||||
Class A Shares
|
||||||||||||
Net proceeds from shares sold
|
$ | 359,869 | $ | 450,870 | $ | 1,318,401 | ||||||
Distributions reinvested
|
649 | 889 | 294 | |||||||||
Payment for shares redeemed
|
— | (229 | ) | (5,645 | ) | |||||||
Net increase in net assets
|
||||||||||||
from capital share transactions
|
$ | 360,518 | $ | 451,530 | $ | 1,313,050 | ||||||
Class C Shares
|
||||||||||||
Net proceeds from shares sold
|
$ | 247,834 | $ | 716,679 | — | |||||||
Distributions reinvested
|
382 | 1,240 | — | |||||||||
Net increase in net assets
|
||||||||||||
from capital share transactions
|
$ | 248,216 | $ | 717,919 | — | |||||||
Class I Shares
|
||||||||||||
Net proceeds from shares sold
|
$ | 12,618,037 | $ | 3,418,758 | $ | 2,446,499 | ||||||
Distributions reinvested
|
27,397 | 14,831 | 23,142 | |||||||||
Payment for shares redeemed
|
(2,279 | ) | (10 | ) | (55 | ) | ||||||
Net increase in net assets
|
||||||||||||
from capital share transactions
|
$ | 12,643,155 | $ | 3,433,579 | $ | 2,469,586 | ||||||
Class A Shares
|
||||||||||||
Shares sold
|
31,386 | 41,235 | 102,020 | |||||||||
Shares issued on reinvestment of distributions
|
56 | 83 | 24 | |||||||||
Shares redeemed
|
— | (20 | ) | (433 | ) | |||||||
Net increase in shares outstanding
|
31,442 | 41,298 | 101,611 | |||||||||
Class C Shares
|
||||||||||||
Shares sold
|
21,272 | 64,860 | — | |||||||||
Shares issued on reinvestment of distributions
|
33 | 116 | — | |||||||||
Net increase in shares outstanding
|
21,305 | 64,976 | — | |||||||||
Class I Shares
|
||||||||||||
Shares sold
|
1,121,582 | 328,155 | 240,395 | |||||||||
Shares issued on reinvestment of distributions
|
2,352 | 1,385 | 1,841 | |||||||||
Shares redeemed
|
(196 | ) | (1 | ) | (5 | ) | ||||||
Net increase in shares outstanding
|
1,123,738 | 329,539 | 242,231 | |||||||||
1,176,485 | 435,813 | 343,842 |
Class A Shares
|
Class C Shares
|
Class I Shares
|
||||||||||
August 16, 2010*
|
August 16, 2010*
|
August 16, 2010*
|
||||||||||
to
|
to
|
to
|
||||||||||
January 31, 2011
|
January 31, 2011
|
January 31, 2011
|
||||||||||
(Unaudited)
|
(Unaudited)
|
(Unaudited)
|
||||||||||
Net asset value, beginning of period
|
$ | 10.00 | $ | 10.00 | $ | 10.00 | ||||||
Income from investment operations:
|
||||||||||||
Net investment income/(loss)
|
0.03 | † | (0.02 | )† | 0.04 | † | ||||||
Net realized and unrealized gain on investments
|
1.99 | 1.99 | 2.00 | |||||||||
Total from investment operations
|
2.02 | 1.97 | 2.04 | |||||||||
Less distributions:
|
||||||||||||
From net investment income
|
(0.03 | ) | (0.02 | ) | (0.03 | ) | ||||||
From net realized gain on investments
|
(0.02 | ) | (0.02 | ) | (0.02 | ) | ||||||
Total distributions
|
(0.05 | ) | (0.04 | ) | (0.05 | ) | ||||||
Net asset value, end of period
|
$ | 11.97 | $ | 11.93 | $ | 11.99 | ||||||
Total return
|
20.16 | %++ | 19.76 | %++ | 20.38 | %++ | ||||||
Ratios/supplemental data:
|
||||||||||||
Net assets, end of period (thousands)
|
$ | 376 | $ | 254 | $ | 13,470 | ||||||
Ratio of expenses to average net assets:
|
||||||||||||
Before expense reimbursement
|
3.44 | %+ | 3.96 | %+ | 4.46 | %+ | ||||||
After expense reimbursement
|
1.24 | %+ | 1.99 | %+ | 0.99 | %+ | ||||||
Ratio of net investment income/(loss)
|
||||||||||||
to average net assets:
|
||||||||||||
Before expense reimbursement
|
(1.70 | )%+ | (2.31 | )%+ | (2.62 | )%+ | ||||||
After expense reimbursement
|
0.50 | %+ | (0.34 | )%+ | 0.85 | %+ | ||||||
Portfolio turnover rate
|
20.71 | %++ | 20.71 | %++ | 20.71 | %++ |
*
|
Commencement of operations.
|
+
|
Annualized.
|
++
|
Not annualized.
|
†
|
Based on average shares outstanding.
|
Class A Shares
|
Class C Shares
|
Class I Shares
|
||||||||||
August 16, 2010*
|
August 16, 2010*
|
August 16, 2010*
|
||||||||||
to
|
to
|
to
|
||||||||||
January 31, 2011
|
January 31, 2011
|
January 31, 2011
|
||||||||||
(Unaudited)
|
(Unaudited)
|
(Unaudited)
|
||||||||||
Net asset value, beginning of period
|
$ | 10.00 | $ | 10.00 | $ | 10.00 | ||||||
Income from investment operations:
|
||||||||||||
Net investment income
|
0.08 | † | 0.03 | † | 0.12 | † | ||||||
Net realized and unrealized gain on investments
|
1.31 | 1.33 | 1.30 | |||||||||
Total from investment operations
|
1.39 | 1.36 | 1.42 | |||||||||
Less distributions:
|
||||||||||||
From net investment income
|
(0.08 | ) | (0.07 | ) | (0.08 | ) | ||||||
From net realized gain on investments
|
(0.00
|
)^ |
(0.00
|
)^ |
(0.00
|
)^ | ||||||
Total distributions
|
(0.08 | ) | (0.07 | ) | (0.08 | ) | ||||||
Net asset value, end of period
|
$ | 11.31 | $ | 11.29 | $ | 11.34 | ||||||
Total return
|
13.95 | %++ | 13.69 | %++ | 14.26 | %++ | ||||||
Ratios/supplemental data:
|
||||||||||||
Net assets, end of period (thousands)
|
$ | 467 | $ | 734 | $ | 3,736 | ||||||
Ratio of expenses to average net assets:
|
||||||||||||
Before expense reimbursement
|
7.33 | %+ | 8.26 | %+ | 9.83 | %+ | ||||||
After expense reimbursement
|
1.24 | %+ | 1.99 | %+ | 0.99 | %+ | ||||||
Ratio of net investment income/(loss)
|
||||||||||||
to average net assets:
|
||||||||||||
Before expense reimbursement
|
(4.44 | )%+ | (5.70 | )%+ | (6.44 | )%+ | ||||||
After expense reimbursement
|
1.65 | %+ | 0.57 | %+ | 2.40 | %+ | ||||||
Portfolio turnover rate
|
23.16 | %++ | 23.16 | %++ | 23.16 | %++ |
*
|
Commencement of operations.
|
+
|
Annualized.
|
++
|
Not annualized.
|
^
|
Amount is less than $0.01.
|
†
|
Based on average shares outstanding.
|
Class A Shares
|
Class I Shares
|
|||||||
August 16, 2010*
|
August 16, 2010*
|
|||||||
to
|
to
|
|||||||
January 31, 2011
|
January 31, 2011
|
|||||||
(Unaudited)
|
(Unaudited)
|
|||||||
Net asset value, beginning of period
|
$ | 10.00 | $ | 10.00 | ||||
Income from investment operations:
|
||||||||
Net investment loss
|
(0.08 | )† | (0.03 | )† | ||||
Net realized and unrealized gain on investments
|
2.90 | 2.87 | ||||||
Total from investment operations
|
2.82 | 2.84 | ||||||
Less distributions:
|
||||||||
From net realized gain on investments
|
(0.13 | ) | (0.13 | ) | ||||
Net asset value, end of period
|
$ | 12.69 | $ | 12.71 | ||||
Total return
|
28.19 | %++ | 28.40 | %++ | ||||
Ratios/supplemental data:
|
||||||||
Net assets, end of period (thousands)
|
$ | 1,289 | $ | 3,078 | ||||
Ratio of expenses to average net assets:
|
||||||||
Before expense reimbursement
|
6.19 | %+ | 7.83 | %+ | ||||
After expense reimbursement
|
1.44 | %+ | 1.19 | %+ | ||||
Ratio of net investment loss to average net assets:
|
||||||||
Before expense reimbursement
|
(6.03 | )%+ | (7.19 | )%+ | ||||
After expense reimbursement
|
(1.28 | )%+ | (0.55 | )%+ | ||||
Portfolio turnover rate
|
56.76 | %++ | 56.76 | %++ |
*
|
Commencement of operations.
|
+
|
Annualized.
|
++
|
Not annualized.
|
†
|
Based on average shares outstanding.
|
Level 1 –
|
Unadjusted quoted prices in active markets for identical assets or liabilities that the Funds have the ability to access.
|
Level 2 –
|
Observable inputs other than quoted prices included in level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
|
Level 3 –
|
Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|||||||||||||
Common Stocks
|
||||||||||||||||
Consumer Discretionary
|
$ | 2,094,831 | $ | — | $ | — | $ | 2,094,831 | ||||||||
Consumer Staples
|
1,415,821 | — | — | 1,415,821 | ||||||||||||
Energy
|
1,600,877 | — | — | 1,600,877 | ||||||||||||
Financials
|
746,492 | — | — | 746,492 | ||||||||||||
Health Care
|
1,151,744 | — | — | 1,151,744 | ||||||||||||
Industrials
|
1,324,289 | — | — | 1,324,289 | ||||||||||||
Information Technology
|
3,312,906 | — | — | 3,312,906 | ||||||||||||
Materials
|
961,125 | — | — | 961,125 | ||||||||||||
Telecommunication Services
|
838,138 | — | — | 838,138 | ||||||||||||
Utilities
|
199,043 | — | — | 199,043 | ||||||||||||
Total Common Stocks
|
13,645,266 | — | — | 13,645,266 | ||||||||||||
Short-Term Investments
|
860,770 | — | — | 860,770 | ||||||||||||
Total Investments in Securities
|
$ | 14,506,036 | $ | — | $ | — | $ | 14,506,036 |
Level 1
|
Level 2
|
Level 3
|
Total
|
|||||||||||||
Common Stocks
|
||||||||||||||||
Consumer Discretionary
|
$ | 103,939 | $ | — | $ | — | $ | 103,939 | ||||||||
Consumer Staples
|
385,862 | — | — | 385,862 | ||||||||||||
Energy
|
950,947 | — | — | 950,947 | ||||||||||||
Financials
|
244,294 | — | — | 244,294 | ||||||||||||
Health Care
|
565,792 | — | — | 565,792 | ||||||||||||
Industrials
|
295,182 | — | — | 295,182 | ||||||||||||
Information Technology
|
223,903 | — | — | 223,903 | ||||||||||||
Materials
|
166,351 | — | — | 166,351 | ||||||||||||
Telecommunication Services
|
1,606,372 | 60,979 | — | 1,667,351 | ||||||||||||
Total Common Stocks
|
4,542,642 | 60,979 | — | 4,603,621 | ||||||||||||
Short-Term Investments
|
276,620 | — | — | 276,620 | ||||||||||||
Total Investments in Securities
|
$ | 4,819,262 | $ | 60,979 | $ | — | $ | 4,880,241 |
Level 1
|
Level 2
|
Level 3
|
Total
|
|||||||||||||
Common Stocks
|
||||||||||||||||
Consumer Discretionary
|
$ | 1,574,338 | $ | — | $ | — | $ | 1,574,338 | ||||||||
Consumer Staples
|
78,779 | — | — | 78,779 | ||||||||||||
Energy
|
206,335 | — | — | 206,335 | ||||||||||||
Financials
|
97,752 | — | — | 97,752 | ||||||||||||
Health Care
|
133,959 | — | — | 133,959 | ||||||||||||
Industrials
|
646,629 | — | — | 646,629 | ||||||||||||
Information Technology
|
1,105,074 | — | — | 1,105,074 | ||||||||||||
Materials
|
273,587 | — | — | 273,587 | ||||||||||||
Telecommunication Services
|
127,353 | — | — | 127,353 | ||||||||||||
Total Common Stocks
|
4,243,806 | — | — | 4,243,806 | ||||||||||||
Short-Term Investments
|
55,268 | — | — | 55,268 | ||||||||||||
Total Investments in Securities
|
$ | 4,299,074 | $ | — | $ | — | $ | 4,299,074 |
Class A
|
Class C
|
Class I
|
|
All Cap Core Fund
|
1.24%
|
1.99%
|
0.99%
|
Enhanced Dividend Fund
|
1.24%
|
1.99%
|
0.99%
|
Small/Mid Cap Growth Fund
|
1.44%
|
N/A
|
1.19%
|
percent of average daily net assets
|
2014
|
Total
|
|||||||
All Cap Core Fund
|
$ | 98,777 | $ | 98,777 | ||||
Enhanced Dividend Fund
|
102,217 | 102,217 | ||||||
Small/Mid Cap Growth Fund
|
83,526 | 83,526 |
All Cap
|
Enhanced
|
Small/Mid Cap
|
||||||||||
Core Fund
|
Dividend Fund
|
Growth Fund
|
||||||||||
Administration
|
$ | 18,658 | $ | 18,658 | $ | 15,131 | ||||||
Fund Accounting
|
20,058 | 19,342 | 17,354 | |||||||||
Transfer Agency (excludes out-of-pocket expenses)
|
19,516 | 19,514 | 14,044 | |||||||||
Custody
|
5,287 | 5,039 | 6,384 | |||||||||
Chief Compliance Officer
|
3,686 | 3,686 | 3,686 |
All Cap Core Fund
|
Amount
|
|||
Class A Shares
|
$ | 156 | ||
Class C Shares
|
302 | |||
Enhanced Dividend Fund
|
Amount
|
|||
Class A Shares
|
$ | 125 | ||
Class C Shares
|
702 | |||
Small/Mid Cap Growth Fund
|
Amount
|
|||
Class A Shares
|
$ | 196 |
Class A
|
Class C
|
Class I
|
||||||||||
All Cap Core Fund
|
$ | 156 | $ | 76 | $ | 6,977 | ||||||
Enhanced Dividend Fund
|
125 | 176 | 2,681 | |||||||||
Small/Mid Cap Growth Fund
|
196 | — | 3,006 |
Cost of Purchases
|
Proceeds from Sales
|
|||||||
All Cap Core Fund
|
$ | 13,946,739 | $ | 1,156,294 | ||||
Enhanced Dividend Fund
|
4,841,552 | 566,279 | ||||||
Small/Mid Cap Growth Fund
|
4,181,461 | 1,360,038 |
Ordinary Income
|
||||
All Cap Core Fund
|
$ | 30,952 | ||
Enhanced Dividend Fund
|
21,252 | |||
Small/Mid Cap Growth Fund
|
30,346 |
(a)
|
Schedule of Investments is included as part of the report to shareholders filed under Item 1 of this Form.
|
(b)
|
Not Applicable.
|
(a)
|
The Registrant’s President/Principal Executive Officer and Treasurer/Principal Financial Officer have reviewed the Registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “Act”)) as of a date within 90 days of the filing of this report, as required by Rule 30a-3(b) under the Act and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934. Based on their review, such officers have concluded that the disclosure controls and procedures are effective in ensuring that information required to be disclosed in this report is appropriately recorded, processed, summarized and reported and made known to them by others within the Registrant and by the Registrant’s service provider.
|
(b)
|
There were no changes in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting.
|
(a)
|
(1) Any code of ethics or amendment thereto, that is the subject of the disclosure required by Item 2, to the extent that the registrant intends to satisfy Item 2 requirements through filing an exhibit. Not Applicable.
|
(b)
|
Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. Furnished herewith.
|
1.
|
I have reviewed this report on Form N-CSR of Advisors Series Trust;
|
2.
|
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
|
3.
|
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;
|
4.
|
The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
|
(a)
|
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
|
(b)
|
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
|
(c)
|
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
|
(d)
|
Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
|
5.
|
The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
|
(a)
|
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
|
(b)
|
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
|
Date:
|
4/5/11
|
/s/ Douglas G. Hess
|
|
Douglas G. Hess, President
|
1.
|
I have reviewed this report on Form N-CSR of Advisors Series Trust;
|
2.
|
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
|
3.
|
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;
|
4.
|
The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
|
(a)
|
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
|
(b)
|
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
|
(c)
|
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
|
(d)
|
Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
|
5.
|
The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
|
(a)
|
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
|
(b)
|
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
|
Date:
|
4/5/11
|
/s/ Cheryl L. King
|
|
Cheryl L. King, Treasurer
|
/s/ Douglas G. Hess
Douglas G. Hess
President, Advisors Series Trust
|
/s/ Cheryl L. King
Cheryl L. King
Treasurer, Advisors Series Trust
|
Dated: 4/5/11
|
Dated: 4/5/11
|
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